Laporan Keuangan 2010 Adira Dinamika Multi Finance ADMF. Audited.

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Jl}l}lo/O`}ez 27<7 2771 2774

LZE] LZZE]Z

2j.2m.=.:7.Klz mlo ze}lrl klz :<.:: Jlzd lom jlzd e|uaylneo}z

Klz =7.912 29.215 21.1=: Jlzd ò dlom Klz ma blok mlo ze}lrl klz Jlzd ao blokz lom jlzd e|uaylneo}z

Wadlk ke}ahl 224.899 <4:.=29 <19.788 ]darm wlr}aez

Wadlk qloh cecwuoqla dubuohlo

az}acexl 2r.21 :=1.78< 288.249 2=4.<85 Renl}em wlr}q Wau}loh wecbalqllo kòzuceo #

ze}enld makurloha weoqazadlo keruhalo Jòzucer iaolojaoh rejeaylbnez # oe} ì weouruolo oanla zebezlr Rw <19/<2< 2j.2e.2i. lnn`xloje i`r acwlarceo} n`zzez ì wlml }lohhln :< Mezecber 27<7 2h.5.:7.:<. Rw <19.<2< lz l} :< Mejecber 27<7 $27716 Rw =</<<:; 27746 Rw :9/:::! :8 $27716 Rw =<.<<:; 27746 Rw :9.:::!

Wadlk ke}ahl 9.5=:.98: 2.59<.1<= <.4<9.<15 ]darm wlr}aez

Wadlk qloh cecwuoqla dubuohloaz}acexl 2r.21 <5: # 5.251 Renl}em wlr}q Beblo mablqlr macukl 2d.9 <:5.8== 8=.955 4<.94= Wrewlam etweozez Beblo }lohhudlo # berzad 8 Meierrem jdlrhez # oe}

Wadlk ke}ahl # 189.779 1=1.7<8 ]darm wlr}aez


az}acexl 2r.21 # 9.28= 8.55: Renl}em wlr}aez

2j.2h.2a.4.Wau}loh nlao#nlao # berzad :7.:<.:9l @}der rejeaylbnez # oe}

Wadlk ke}ahl 21.429 <4.121 <=.298 ]darm wlr}aez Wadlk qloh cecwuoqla dubuohlo

az}acexl 2r.21 <.58= 2.218 =.:12 Renl}em wlr}aez Aoyez}lza mlnlc zldlc. wadlk

qloh cecwuoqla dubuohlo 2j.2f.2r.

az}acexl 1.21.:7.:< 957 957 # Aoyez}ceo} ao zdlrez. renl}em wlr}q Lze} }e}lw # ze}enld makurloha lkucunlza Iatem lzze}z # oe} ì ljjucunl}em

weoquzu}lo zebezlr Rw <1</79< mewrejal}aò ì Rw <1<.79< lz l}

wlml }lohhln :< Mezecber 27<7 :< Mejecber 27<7 $27716 Rw <54.7<4; $27716 Rw <54/7<4; 27746 Rw <:2/848! 2k.<7.:9b <1<.:97 <==.998 <55.<15 27746 Rw <:2.848!

Lze} }amlk berxufum 2n.:9b :=.4=: =:.4=8 =5.4<< Ao}lohabne lzze}z

Lze} nlao#nlao # berzad <<.:7.:<.:9l =:.29: <:.:7: :4.=59 @}der lzze}z # oe}

FUCNLD LZE] 8.511.9<5 =.:21.5=1 :.512.72= ]@]LN LZZE]Z

# # #KEXLFABLO NALBANA]AEZ

Waoflclo qlo ma}eracl 2j.<2.:7.:< 57.777 225.777 15.4:: B`rr`xaohz 2j.2`.<:.

Beblo qloh clzad dlruz mablqlr 24l.:7.:< Ljjruem etweozez

Wadlk ke}ahl 9<=.:1< :5<.=57 214.8=8 ]darm wlr}aez


az}acexl 2r.21 :.415 2.=72 <:4 Renl}em wlr}q 2j.2`.<=.

U}loh bnahlza # berzad :7.:< Bòmz wlqlbne # oe}

Wadlk ke}ahl 2.:<=.2:2 557.45= 8:=.7=: ]darm wlr}aez Wadlk qloh cecwuoqla dubuohlo

az}acexl 2r.21 22<.777 <29.777 <5.777 Renl}em wlr}q

U}loh nlao#nlao 2j.<5.:7.:< @}der wlqlbnez

Wadlk ke}ahl <9:.::5 <71.785 29.279 ]darm wlr}aez


az}acexl 2r.21 4<.822 =2.:88 :1.<2= Renl}em wlr}aez

U}loh wlflk 2w.<9l 5:.=81 5<.77= 22=.49: ]ltez wlqlbne

Kexlfablo wlflk }lohhudlo # berzad 2w.<9j :72.472 2<4.14= 274.798 Meierrem }lt nalbana}aez # oe}

FUCNLD KEXLFABLO :.47=.459 <.988.<=9 <.9=2.72< ]@]LN NALBANA]AEZ

Jl}l}lo l}lz nlw`rlo keulohlo ceruwlklo blhalo qloh }amlk}erwazldklo mlra nlw`rlo keulohlo/

]de ljj`cwloqaoh o`}ez }` iaolojaln z}l}eceo}z i`rc lo ao}ehrln wlr} ì }deze iaolojaln z}l}eceo}z/

W] LMARL MAOLCAKL CUN]A IAOLOJE ]bk

OERLJL:< MEZECBER 27<7. 2771 MLO 2774

$Mlnlc fu}llo Ruwald.kejulna maoql}lklo nlao!


BLNLOJE ZDEE]Z :< MEJECBER 27<7. 2771 LOM 2774

$Etwrezzem ao cannaòz ì Ruwald.uonezz `}derxaze z}l}em!



=

Jl}l}lo/O`}ez 27<7 2771 2774

*REI, *REI, *REI,EKUA]LZ E\UA]Q C`mln zldlc # oanla o`caoln Rw <77 Zdlre jlwa}ln # wlr ylnue Rw <77

$oanla weoud! wer zldlc $iunn lcùo}! wer zdlre Lu}d`ravem jlwa}ln =.777.777.777

C`mln mlzlr =/777/777/777 zldlc zdlrez C`mln ma}ecwl}klo mlo maze}`r Azzuem lom iunnq wlam

weoud </777/777/777 zldlc <8 <77.777 <77.777 <77.777 <.777.777.777 zdlrez Zlnm` nlbl <4 Re}laoem elroaohz

]enld ma}eo}uklo weohhuollooql ==.1:= :2.4<7 22.974 Lwwr`wral}em

Benuc ma}eo}uklo weohhuollooql :8 :.9=1.425 2.5<1.51: <.428.:15 Uolwwr`wral}em

FUCNLD EKUA]LZ :.81=.851 2.952.=7: <.157.77: ]@]LN E\UA]Q

FUCNLD KEXLFABLO MLO EKUA]LZ 8.511.9<5 =.:21.5=1 :.512.72= ]@]LN NALBANA]AEZ LOM E\UA]Q




OERLJL $nlofu}lo!:< MEZECBER 27<7. 2771 MLO 2774

$Mlnlc fu}llo Ruwald.kejulna maoql}lklo nlao!


BLNLOJE ZDEE]Z $jò}aouem! :< MEJECBER 27<7. 2771 LOM 2774

$Etwrezzem ao cannaòz ì Ruwald.uonezz `}derxaze z}l}em!



5


NLW@RLO NLBL RUHA]LDUO BERLKDAR :< MEZECBER 27<7.

2771 MLO 2774$Mlnlc fu}llo Ruwald.

kejulna maoql}lklo nlao!


Z]L]ECEO]Z @I AOJ@CE QELRZ EOMEM :< MEJECBER 27<7.

2771 LOM 2774 $Etwrezzem ao cannaòz ì Ruwald.

uonezz `}derxaze z}l}em!

Jl}l}lo/

O`}ez 27<7 2771 2774

WEOMLWL]LO AOJ@CE

2e.2i.2c.

Wecbalqllo kòzuceo 2r.27.21 2.<<4.444 2.888.499 2.::7.858 Jòzucer iaolojaoh

2h.2k.

2c.2r.2z.

<7.2<.21.

Nlao#nlao :9j <.884.218 <.<99.177 <.7=4.5=9 @}derz

FUCNLD WEOMLWL]LO :.418.<45 :.1==.899 :.:81.:7: ]@]LN AOJ@CE

BEBLO ETWEOZEZ

Hlfa mlo }uoflohlo 2o.22 $181.579! $8:2.<72! $95=.1<<! Zlnlraez lom beoeia}z

Ucuc mlo lmcaoaz}rlza 2k.2: $==2.514! $:5<.727! $::7.8:8! Heoerln lom lmcaoaz}rl}aye Weoqazadlo keruhalo weouruolo oanla Lnn`xloje i`r acwlarceo} n`zzez

wau}loh wecbalqllo kòzuceo 2h.5 $<1:.=99! $:2.981! $29.772! ò jòzucer iaolojaoh rejeaylbnez Weclzlrlo 2= $<87.==5! $57.524! $=.=47! Clrke}ao h

2c.2r.<=.Beblo buohl mlo keulohlo 25.21 $<:=.11<! $<2:.92=! $<=2.5=4! Ao}erez} etweoze lom iaolojaoh jdlrhez

Wer`nedlo wecbalqllo kòzuceo 2r.29.21 # $1=1.42<! $844.=12! Lj|uaza}aò j`z} i jòzucer iaolojaoh

Nlao#nlao 2a.28.:9j $==.=59! $=9.9=5! $<2.4<<! @}derz

FUCNLD BEBLO $<.195.=92! $2.249.=<1! $<.151.14<! ]@]LN ETWEOZEZ

NLBL ZEBENUC WLFLK

WEOHDLZANLO <.1:<.82: <.954.:=8 <.=<1.:22 AOJ@CE BEI@RE AOJ@CE ]LT

BEBLO WLFLK WEOHDLZANLO 2w.<9b $=9:.4<8! $==5.1=8! $:11.741! AOJ@CE ]LT ETWEOZE

NLBL BERZAD <.=98.179 <.2<2.=77 <.727.2:: OE] AOJ@CE

NLBL BERZAD WER ZLDLC # MLZLR ELROAOHZ WER ZDLRE # BLZAJ

$maoql}lklo mlnlc oanla weoud Ruwald! 2|.<1 <.=94 <.2<2 <.727 $etwrezzem ao iunn lcùo} ì Ruwald!





9


NLW@RLO WERUBLDLO EKUA]LZ]LDUO BERLKDAR :< MEZECBER 27<7.




Z]L]ECEO]Z @I JDLOHEZ AO E\UA]Q QELRZ EOMEM :< MEJECBER 27<7.



Zlnm` nlbl #Zlnm` nlbl # benuc

}enld m a}eo}uklo ma}eo}ukloC`mln weohhuollooql/ weohhuollooql/zldlc/ Re}laoem Re}laoem

Jl}l}lo/ Zdlre elroaohz # elroaohz # Fucnld/O`}ez jlwa}ln lwwr`wral}em uolwwr`wral}em ]`}ln

Zlnm` wlml }lohhln Blnloje lz l} < Floulra 2774 <77.777 <8.774 <.<78.975 <.22=.9<: < Floulrq 2774

Mayameo klz <4 # # $247.777! $247.777! Jlzd mayameom

]lo}aec i`r B`lrmz ì ]lo}aec Mexlo J`ccazzaòerz

K`cazlraz mlo Marekza <4 # # $<=.4=:! $<=.4=:! lom Marej}`rz

Weoqazadlo zlnm` nlbluo}uk jlmlo lo Lwwr`wral}aò i`r ucuc <4 # 5.977 $5.977! # heoerln rezerye

Nlbl berzad }lduo Oe} aoj`ce i`r

berflnlo # # <.727.2:: <.727.2:: }de qelr

Zlnm` wlml }lohhln Blnloje lz l} :< Mezecber 2774 <77.777 22.974 <.428.:15 <.157.77: :< Mejecber 2774

Mayameo klz <4 # # $5<7.777! $5<7.777! Jlzd mayameom

Weoqazadlo zlnm` nlbluo}uk jlmlohlo Lwwr`wral}aò i`r ucuc <4 # <7.272 $<7.272! # heoerln rezerye

Nlbl berzad }lduo Oe} aoj`ce i`r berflnlo # # <.2<2.=77 <.2<2.=77 }de qelr

Zlnm` wlml }lohhln Blnloje lz l} :< Mezecber 2771 <77.777 :2.4<7 2.5<1.51: 2.952.=7: :< Mejecber 2771

Zlnm` wlml }lohhln Blnloje lz l} < Floulra 27<7 <77.777 :2.4<7 2.5<1.51: 2.952.=7: < Floulrq 27<7

Mlcwlk weoerlwlo Eiiej} ì iarz} lm`w}aò lxln WZLK O`/ 57 ì ZILZ O`/ 57 $Reyaza 2779! mlo $2779 Reyazaò!WZLK O`/ 55 $Reyaza lom ZILZ O`/55

2779! 2j.:8 # # $4:.787! $4:.787! $2779 Reyazaò!

Zlnm` wlml }lohhln Blnloje lz l} < Floulra 27<7 < Floulrq 27<7

ze}enld weoerlwlo li}er iarz} lm`w}aò lxln WZLK O`/ 57 ì ZILZ O`/ 57 $Reyaza 2779! mlo $2779 Reyazaò!WZLK O`/ 55 $Reyaza lom ZILZ O`/ 55 2779! <77.777 :2.4<7 2.=:9.52: 2.591.::: $2779 Reyazaò!

Mayameo klz <4 # # $2=2.=47! $2=2.=47! Jlzd mayameom

Weoqazadlo zlnm` nlbluo}uk jlmlohlo Lwwr`wral}aò i`r ucuc <4 # <2.<2= $<2.<2=! # heoerln rezerye

Nlbl berzad }lduo Oe} aoj`ce i`r berflnlo # # <.=98.179 <.=98.179 }de qelr

Zlnm` wlml }lohhln Blnloje lz l}

:< Mezecber 27<7 <77.777 ==.1:= :.9=1.425 :.81=.851 :< Mejecber 27<7





8

27<7 2771 2774

JLZD IN@XZ IR@C @WERL]AOH LRUZ KLZ MLRA LK]AYA]LZ @WERLZA6 LJ]AYA]AEZ6 Weoeracllo klz mlra6 Jlzd rejeayem ir`c6

]rlozlkza wecbalqllo kòzuceo 2:.848.<59 <4.=75.494 <5.824.<=5 Jòzucer iaolojaoh }rlozlj}aòz Buohl blok mlo mew`za}` berflohkl 4.255 25.<1: =.59: Ao}erez} ir`c blokz lom }ace mew`za}z

Weohenulrlo klz uo}uk6 Jlzd mazburzeceo}z i`r6 ]rlozlkza wecbalqllo kòzuceo $28.544.12=! $<5.:47.758! $<5.741.5:=! Jòzucer iaolojaoh }rlozlj}aòz Buo l wecbalqllo berzlcl $2.171.2=8! $2.21<.279! $<.19:.<9<! Ao}erez} ò fào} iaolojaoh Hlfa mlo }uoflohlo $155.48<! $988.:89! $92=.:17! Zlnlraez lom beoeia}z Wreca lzurloza $4<<.247! $=92.:48! $5=2.59<! Aozurloje wrecaucz Wlflk weo dlzanlo $=4<.971! $989.152! $285.<41! Aoj`ce }ltez Beblo ucuc mlo lmcaoaz}rlza $=<4.<<8! $244.112! $241.298! Heoerln lom lmcaoaz}rl}aye etweozez Beblo buohl bnahlza $44.:47! $<72.11<! $<:1.:2<! Ao}erez} ò bòmz wlqlbne

]lo}aec i`r B`lrmz i J`ccazzaòerz lom

]lo}aec Mexlo K`cazlraz mlo Marekza $<8.4<=! $<5.51=! $<=.4=:! Marej}`rz Beblo buohl mlo wr`yaza blok $2:.752! $<1.5<4! $4.787! Ao}erez} lom blok wr`yazaò etweozez

Weoeracllo$weohenulrlo! klz mlra$uo}uk! Jlzd rejeayem ir`c$mazburzeceo}z i`r!nlao#nlao berzad $5.8:2! :.82< 9.<1: `}derz # oe}

Klz berzad mahuolklo uo}uk lk}aya}lz werlza $1.57=.9<5! $<.=47.21<! $:.278.=:5! Oe} jlzd uzem ao `werl}aoh lj}aya}aez

JLZD IN@XZ IR@C AOYEZ]AOH LRUZ KLZ MLRA LK]AYA]LZ AOYEZ]LZA6 LJ]AYA]AEZ6 Dlzan weofulnlo lze} }e}lw :.44= 9.987 =.2:4 Wr`jeemz ir`c zlne ì iatem lzze}z Wecbenalo lze} }e}lw $49.584! $21.887! $=:.182! Wurjdlzez ì iatem lzze}z Wecbenalo lze} }amlk berxufum $=.912! $1.198! $21.<42! Wurjdlzez ì ao}lohabne lzze}z Aoyez}lza mlnlc zldlc # $957! # Aoyez}ceo} ao zdlrez

Klz berzad mahuolklo uo}uk lk}aya}lz aoyez}lza $48.:49! $::.8<8! $94.1<9! Oe} jlzd uzem ao aoyez}aoh lj}aya}aez

JLZD IN@XZ IR@C IAOLOJAOH LRUZ KLZ MLRA LK]AYA]LZ WEOMLOLLO6 LJ]AYA]AEZ6 Weoeracllo waoflclo blok mlo wecbalqllo

berzlcl 22.52=.459 <:.5=<.:48 <:.15<.157 Wr`jeemz ir`c b`rr`xaohz lom fào} iaolojaoh Weoeracllo mlra weoerba}lo bnahlza 2.777.777 577.777 # Wr`jeemz ir`c azzuloje ì bòmz Wecblqlrlo waoflclo blok mlo wecbalqllo

berzlcl $<=.=22.45:! $<<.=:=.598! $1.4==.158! Wlqceo}z ì b`rr`xaohz lom fào} iaolojaoh Wecblqlrlo mayameo klz $2=2.=47! $5<7.777! $247.777! Wlqceo}z ì jlzd mayameomz Wecblqlrlo w`k`k `bnahlza $<:9.777! $587.777! $=52.857! Wlqceo}z i bòmz wraojawln

Klz berzad mawer`ned mlra lk}aya}lz weomlollo 1.82:.52: <.529.427 :.:8=.2=: Oe} jlzd wr`yamem bq iaolojaoh lj}aya}aez

OE] AOJRELZE AO JLZD LOM KEOLAKLO BERZAD KLZ MLO ZE]LRL KLZ <:<.522 <2.4<2 18.412 JLZD E\UAYLNEO]Z

JLZD LOM JLZD E\UAYLNEO]Z.KLZ MLO ZE]LRL KLZ. LXLN ]LDUO =48.778 =8=.<15 :89.:7: L] ]DE BEHAOOAOH @I QELR

KLZ MLO ZE]LRL KLZ. LKDAR ]LDUO JLZD LOM JLZD E\UAYLNEO]Z.$JL]L]LO =! 9<4.521 =48.778 =8=.<15 EOM @I QELR $O@]E =!




NLW@RLO LRUZ KLZ]LDUO BERLKDAR :< MEZECBER 27<7.




Z]L]ECEO]Z @I JLZD IN@XZ QELRZ EOMEM :< MEJECBER 27<7.






JL]L]LO L]LZ NLW@RLO KEULOHLO]LDUO BERLKDAR :< MEZECBER 27<7.




O@]EZ ]@ ]DE IAOLOJALN Z]L]ECEO]Z QELRZ EOMEM :< MEJECBER 27<7.



4

</ AOI@RCLZA UCUC </ HEOERLN AOI@RCL]A@O l/ Weomaralo mlo aoi`rclza ucuc Werzer`lo l/ Ez}lbnazdceo} lom heoerln aoi rcl}a o ì }de

J`cwloq

W] Lmarl Maolcakl Cun}a Iaoloje ]bk $„Werzer`lo–!mamaraklo wlml }lohhln <: O`wecber <117 bermlzlrklolk}l o`}lraz Cazldlrma Xanlclr}l. Z/D/. O`/ <:</ Lk}lweomaralo aoa }enld mazldklo `ned Ceo}era KedlkacloRewubnak Aomòezal mlnlc Zurl} Kewu}uzloO`/ J2#<1/D]/7</7</]D/1< }lohhln 4 Floulra <11< mlo}enld maucucklo mlnlc ]lcbldlo O`/ =2< wlml Bera}lOehlrl Rewubnak Aomòezal O`/ <2 }lohhln 4 Webrulra

<11</

Lohhlrlo Mlzlr Werzer`lo }enld ceohlnlca beberlwlklna werubldlo. werubldlo }erlkdar manlkuklo meohlolk}l o`}lraz Zao}l Mexa Zumlrzlol. Z/D/. O`/ 2 }lohhln<: Clre} 2771. ceoheola Werubldlo Lohhlrlo MlzlrW] Lmarl Maolcakl Cun}a Iaoloje ]bk uo}ukceoqezulaklo meohlo ke}eo}ulo Kewu}uzlo Ke}ulBlmlo Weohlxlz Wlzlr C`mln mlo Necblhl Keulohlo$Blwewlc#NK! O`/ Kew#<81BN2774 }er}lohhln <= Cea2774 }eo}loh W`k`k#W`k`k Lohhlrlo Mlzlr Werzer`loqloh Cenlkuklo Weolxlrlo Ucuc Eiek Berzail}Ekua}lz mlo Weruzldllo Wubnak/ Werubldlo aoa ma}eracl`ned Ceo}era Dukuc mlo Dlk Lzlza Clouzal RewubnakAomòezal mlnlc Zurl} Weoeracllo Wecbera}ldulo

O`/ LDU#LD/7</<7#7:555 }lohhln <: Lwran 2771 mlo}enld maucucklo mlnlc ]lcbldlo O`/ 97: wlml Bera}lOehlrl Rewubnak Aomòezal O`/ 9< }lohhln :< Funa 2771/

W] Lmarl Maolcakl Cun}a Iaoloje ]bk $}de „J`cwloq–!xlz ez}lbnazdem ò <: O`yecber <117 blzem ò l O`}lraln Meem O`/ <:< ì Cazldlrma Xanlclr}l. Z/D/]de meem ì ez}lbnazdceo} xlz lwwr`yem bq }de Caoaz}rq ì Fuz}aje ì }de Rewubnaj ì Aomòezal ao a}z Mejazaò Ne}}er O`/ J2#<1/D]/7</7</]D/1< ml}em 4 Floulrq <11<lom xlz wubnazdem ao Zuwwneceo} O`/ =2< }` }de Z}l}e Hlve}}e ì }de Rewubnaj ì Aomòezal O`/ <2 ml}em

4 Iebrulrq <11</

]de J`cwloq‑z Lr}ajnez ì Lzz`jal}aò dlm beeo lceomem zeyerln }acez xa}d }de nl}ez} lceomceo} xlz eiiej}em bq O`}lraln Meem ì Zao}l Mexa Zumlrzlol. Z/D/.O`/ 2 ml}em <: Clrjd 2771. jòjeroaoh }de Lceomceo} ì }de Lr}ajnez ì Lzz`jal}aò ì W] Lmarl Maolcakl Cun}a Iaoloje ]bk ao `rmer }` jòi`rc xa}d Mejazaò Mejree ì }de Jdlarclo ì }de Jlwa}ln Clrke} lom Iaolojaln Aoz}a}u}aò Zuweryaz`rq B`lrm $Blwewlc#NK!O`/ Kew#<81BN2774 ml}em <= Clq 2774 rehlrmaoh }de Wraojawnez ì Lr}ajnez ì Lzz`jal}aò ì J`cwloaez Jòmuj}aoh lo E|ua}q Zejura}aez Wubnaj @iieraoh lom Wubnaj J`cwloq/ ]daz lceomceo} xlz rejeayem bq }de Caoaz}rq ì Nlx lom Duclo Rahd}z ì }de Rewubnaj ì

Aomòezal ao a}z Ljjew}loje Ne}}er ì }de Looùojeceo} O`/ LDU#LD/7</<7#7:555 ml}em <: Lwran 2771 lom xlz wubnazdem ao Zuwwneceo} O`/ 97: }` }de Z}l}e Hlve}}e ì }de Rewubnaj ì Aomòezal O`/ 9< ml}em :< Funq 2771/

Werzer`lo cecwer`ned avao uzldl zeblhla weruzldllowecbalqllo mlra Ceo}era Keulohlo mlnlc Zurl}Kewu}uzlo O`/ 25:KCK/7<:<11< }lohhln = Clre}<11</ Bermlzlrklo Wlzln : Lohhlrlo Mlzlr Werzer`lo.ruloh naohkuw kehal}lo Werzer`lo mlnlc bamlohweruzldllo wecbalqllo cenawu}a zexl huol uzldl.loflk wau}loh. wecbalqllo kòzuceo mlo uzldl klr}ukrema}/ Wlml zll} aoa. Werzer`lo }eru}lcl berherlkmlnlc bamloh wecbalqllo kòzuceo/

Werzer`lo berm`cazana ma Hrldl Lmarl Nlo}la <7#<2. FlnloCeo}eoh Rlql O`/ 2<. Flklr}l Wuzl} mlo cecanaka 557 flraohlo uzldl qloh }ermara mlra klo}`r jlbloh. klo}`rwerxlkanlo. }a}ak wenlqlolo. ka`z mlo melner ù}ne} qloh}erzeblr ma zenurud xanlqld Aomòezal/ Werzer`locecunla werlza k`cerzalnoql wlml }lduo <11</

]de J`cwloq `b}laoem a}z najeoze }` `werl}e lz l iaolojaoh j`cwloq ir`c }de Caoaz}rq ì Iaoloje blzem ò Mejazaò Ne}}er O`/ 25:KCK/7<:<11< ml}em = Clrjd <11</ Lz z}l}em ao Lr}ajne : ì }de J`cwloq‑z Lr}ajnez ì Lzz`jal}aò. }de zj`we ì }de J`cwloq‑z lj}aya}aez j`cwrazez ì iaolojaoh j`cwloq xdajd aojnume nelzaoh.ilj}`raoh. jòzucer iaolojaoh lom jrema} jlrm buzaoezz/Jurreo}nq. }de J`cwloq claonq eohlhez ao jòzucer iaolojaoh lj}aya}aez/

]de J`cwloq(z rehaz}erem ìiaje az n`jl}em l} }de <7#<2

}d

In``r ì Hrldl Lmarl. Flnlo Ceo}eoh Rlql O`/ 2<. Jeo}rln Flklr}l lom }de J`cwloq dlz 557 buzaoezz oe}x`rkz xdajd jòzaz} ì brlojd ìiajez. rewrezeo}l}aye ìiajez.wào}z ì zeryaje. ka`zkz lom melner ù}ne}z }drùhdù} Aomòezal/ ]de J`cwloq z}lr}em a}z j`ccerjaln `werl}aòz ao <11</

Zeflk Floulra 277=. W] Blok Mlolcò Aomòezal ]bkceoflma wecehloh zldlc weoheomlna Werzer`lo/W] Blok Mlolcò Aomòezal ]bk ceruwlklo lolkweruzldllo mlra Lzal Iaolojaln $Aomòezal! W}e/ N}m/.maclol wecehloh zldlc lkdar lmlnld ]eclzekD`nmaoh W}e/ N}m/. zebuld weruzldllo aoyez}lza qlohberkemumuklo ma Zaohlwurl mlo zeweoudoql macanaka

`ned Wecerao}ld Zaohlwurl/

Zaoje Floulrq 277=. W] Blok Mlolcò Aomòezal ]bk dlz beeo }de J`cwloq‑z jò}r`nnaoh zdlred`nmer/W] Blok Mlolcò Aomòezal ]bk az l zubzamalrq ì Lzal Iaolojaln $Aomòezal! W}e/ N}m/. xdajd }de un}acl}e zdlred`nmer az ]eclzek D`nmaoh W}e/ N}m/. lo aoyez}ceo} d`nmaoh j`cwloq blzem ao Zaohlw`re lom xd`nnq `xoem bq }de H`yeroceo} i Zaohlw`re/











1

</ AOI@RCLZA UCUC $nlofu}lo! </ HEOERLN AOI@RCL]A@O $jò}aouem! b/ Weolxlrlo ucuc zldlc Werzer`lo b/ Wubnaj ìieraoh i }de J`cwloq‑z zdlrez

Wlml }lohhln 2: Clre} 277=. Werzer`lo cenlkukloWeolxlrlo Ucuc Wermlol l}lz <77/777/777 zldlcmeohlo oanla o`caoln Rw <77 $oanla weoud! wer zldlcmeohlo dlrhl weolxlrlo zebezlr Rw 2/:25 $oanla weoud!wer zldlc/ Zenurud zldlc aoa }enld }erjl}l} ma BurzlEiek Flklr}l mlo Burzl Eiek Zurlblql wlml }lohhln

:< Clre} 277=/

Wlml }lohhln :7 O`wecber 2778. Burzl Eiek Flklr}l

mlo Burzl Eiek Zurlblql }enld berhlbuoh ceoflmaBurzl Eiek Aomòezal/

Zenurud zldlc qloh ma}lxlrklo cenlnua WeolxlrloUcuc Wermlol aoa ceruwlklo zldlc mayez}lza canakwecehloh zldlc weomara; meohlo mecakalo. Werzer`lo}amlk ceoeracl mlol dlzan weofulnlo zldlc/

@o 2: Clrjd 277=. }de J`cwloq uomer}``k lo Aoa}aln Wubnaj @iieraoh $AW@! ì <77.777.777 zdlrez xa}d wlr ylnue ì Rw <77 $iunn lcùo}! wer zdlre xa}d ìieraoh ylnue ì Rw 2.:25 $iunn lcùo}! wer zdlre/ ]deze zdlrez xere lnn naz}em l} Flklr}l Z}`jk Etjdlohe lom Zurlblql

Z}`jk Etjdlohe o :< Clrjd 277=/

@o :7 O`yecber 2778. Flklr}l Z}`jk Etjdlohe lom

Zurlblql Z}`jk Etjdlohe dlye cerhem ao}` Aomòezal Z}`jk Etjdlohe/

Lnn zdlrez ìierem }drùhd }daz AW@ xere mayez}ceo} zdlrez `xoem bq iùomer zdlred`nmerz; }derei`re. }de J`cwloq mam o`} rejeaye loq iuomz ir`c zlne ì zdlrez/

j/ Weolxlrlo ucuc bnahlza Werzer`lo j/ Wubnaj iieraoh i }de J`cwloq‑z bòmz

Wlml bunlo Cea 277:. Werzer`lo ceoerba}klo @bnahlzaLmarl Maolcakl Cun}a Iaoloje A ]lduo 277: $@bnahlza A!cenlnua Burzl Eiek Zurlblql $zeklrloh berolcl BurzlEiek Aomòezal. nadl} Jl}l}lo <b! meohlo oanla o`caolnzenurudoql zebezlr Rw 577/777 meohlo }aohkl} zuku

buohl }e}lw zebezlr <=.<25% wer }lduo/ @bnahlza A qloh}erblha ceoflma mul zera. qla}u Zera L zebezlr Rw 9:/777mlo Zera B zebezlr Rw =:8/777. }enld fl}ud }ecw` mlomanuolza wlml }lohhln 9 Cea 2774/

Ao Clq 277:. }de J`cwloq azzuem Lmarl Maolcakl Cun}a Iaoloje Bòmz A Qelr 277: $Bòmz A! }drùhd }de Zurlblql Z}`jk Etjdlohe $o`x olcenq Aomòezal Z}`jk Etjdlohe. zee O`}e <b! xa}d l }`}ln o`caoln ylnue ì Rw 577.777. lom belr iatem ao}erez} rl}e ì <=/<25% wer

loouc/ Bòmz A xdajd jòzaz} ì }x` zeraez. a/e/ Zeraln Llcùo}aoh }` Rw 9:.777 lom Zeraln B lcùo}aoh }` Rw =:8.777. xere cl}urem lom iunnq rewlam ò 9 Clq 2774/

Wlml bunlo Fuoa 2779. Werzer`lo ceoerba}klo @bnahlzaLmarl Maolcakl Cun}a Iaoloje AA ]lduo 2779 $@bnahlza AA!cenlnua Burzl Eiek Zurlblql $zeklrloh berolcl BurzlEiek Aomòezal. nadl} Jl}l}lo <b! meohlo oanla o`caolnzenurudoql zebezlr Rw 857/777/ @bnahlza AA aoa }erblhaceoflma }ahl zera. qla}u Zera L zebezlr Rw 587/777 qloh}enld fl}ud }ecw` mlo manuolza wlml }lohhln 4 Fuoa 2771meohlo }aohkl} zuku buohl }e}lw zebezlr <=.=7% wer}lduo. Zera B zebezlr Rw 17/777 qloh }enld fl}ud }ecw`mlo manuolza wlml }lohhln 4 Fuoa 27<7 meohlo }aohkl}

zuku buohl }e}lw zebezlr <=.57% wer }lduo mlo Zera Jzebezlr Rw 17/777 qloh lklo fl}ud }ecw` wlml }lohhln4 Fuoa 27<< meohlo }aohkl} zuku buohl }e}lw zebezlr<=.97% wer }lduo/

Ao Fuoe 2779. }de J`cwloq azzuem Lmarl Maolcakl Cun}a Iaoloje Bòmz AA Qelr 2779 $Bòmz AA! }drùhd }de Zurlblql Z}`jk Etjdlohe $o`x olcenq Aomòezal Z}`jk Etjdlohe. zee O`}e <b! xa}d l }`}ln o`caoln ylnue ì Rw 857.777/ Bòmz AA jòzaz} ì }dree zeraez. a/e/ Zeraln Llcùo}aoh }` Rw 587.777 xlz cl}urem lom iunnq rewlam ò 4 Fuoe 2771 lom belr l iatem ao}erez} rl}e ì <=/=7% wer loouc. Zeraln B lcùo}aoh }` Rw 17.777 xlz cl}urem lom iunnq rewlam ò 4 Fuoe 27<7 lom belr l iatem ao}erez} rl}e ì <=/57% wer loouc lom Zeraln J

lcùo}aoh }` Rw 17.777 xdajd xann cl}ure ò 4 Fuoe 27<< lom belr l iatem ao}erez} rl}e ì <=/97% wer loouc/

Wlml bunlo Cea 2771. Werzer`lo ceoerba}klo @bnahlzaLmarl Maolcakl Cun}a Iaoloje AAA ]lduo 2771 $@bnahlzaAAA! cenlnua Burzl Eiek Aomòezal meohlo oanla o`caolnzenurudoql zebezlr Rw 577/777/ @bnahlza AAA aoa }erblhaceoflma }ahl zera. qla}u Zera L zebezlr Rw =9/777 qloh}enld fl}ud }ecw` mlo manuolza wlml }lohhln <4 Cea27<7 meohlo }aohkl} zuku buohl }e}lw zebezlr <2.55%wer }lduo. Zera B zebezlr Rw 5</777 qloh lklo fl}ud}ecw` wlml }lohhln <: Cea 27<< meohlo }aohkl} zukubuohl }e}lw zebezlr <:.55% wer }lduo mlo Zera J

zebezlr Rw =7:/777 qloh lklo fl}ud }ecw` wlml}lohhln <: Cea 27<2 meohlo }aohkl} zuku buohl }e}lwzebezlr <=.97% wer }lduo/

Ao Clq 2771. }de J`cwloq azzuem Lmarl Maolcakl Cun}a Iaoloje Bòmz AAA Qelr 2771 $Bòmz AAA! }drùhd }de Aomòezal Z}`jk Etjdlohe xa}d l }`}ln o`caoln ylnue ì Rw 577.777/ Bòmz AAA jòzaz} ì }dree zeraez. a/e/ Zeraln Llcùo}aoh }` Rw =9.777 xdajd xlz cl}urem lom iunnq rewlam ò <4 Clq 27<7 lom belr l iatem ao}erez} rl}e ì <2/55% wer loouc. Zeraln B lcùo}aoh }` Rw 5<.777 xdajd xann cl}ure ò <: Clq 27<< lom belr l iatem ao}erez} rl}e ì <:/55% wer loouc lom Zeraln J lcùo}aoh }` Rw =7:.777 xdajd xann cl}ure ò <: Clq

27<2 lom belr l iatem ao}erez} rl}e ì <=/97% wer loouc/











<7

</ AOI@RCLZA UCUC $nlofu}lo! </ HEOERLN AOI@RCL]A@O $jò}aouem! j/ Weolxlrlo ucuc bnahlza Werzer`lo $nlofu}lo! j/ Wubnaj ìieraoh i }de J`cwloq‑z bòmz $jò}aouem!

Wlml bunlo @k}`ber 27<7. Werzer`lo ceoerba}klo@bnahlza Lmarl Maolcakl Cun}a Iaoloje AY ]lduo 27<7$@bnahlza AY! cenlnua Burzl Eiek Aomòezal meohlo oanlao`caoln zenurudoql zebezlr Rw 2/777/777/ @bnahlza AYaoa }erblha ceoflma nacl zera. qla}u Zera L zebezlrRw 221/777 qloh lklo fl}ud }ecw` wlml }lohhln21 Lwran 27<2 meohlo }aohkl} zuku buohl }e}lw zebezlr8.97% wer }lduo. Zera B zebezlr Rw 2:4/777 qloh lklo fl}ud }ecw` wlml }lohhln 21 @k}`ber 27<2 meohlo

}aohkl} zuku buohl }e}lw zebezlr 4.25% wer }lduo.Zera J zebezlr Rw 588/777 qloh lklo fl}ud }ecw` wlml}lohhln 21 Lwran 27<: meohlo }aohkl} zuku buohl }e}lwzebezlr 4.87% wer }lduo. Zera M zebezlr Rw 24=/777qloh lklo fl}ud }ecw` wlml }lohhln 21 @k}`ber 27<:meohlo }aohkl} zuku buohl }e}lw zebezlr 1.77% wer}lduo. mlo Zera E zebezlr Rw 982/777 qloh lklo fl}ud}ecw` wlml }lohhln 21 @k}`ber 27<= meohlo }aohkl}zuku buohl }e}lw zebezlr 1.25% wer }lduo/

Ao @j}`ber 27<7. }de J`cwloq azzuem Lmarl Maolcakl Cun}a Iaoloje Bòmz AY Qelr 27<7 $Bòmz AY! }drùhd }de Aomòezal Z}`jk Etjdlohe xa}d l }`}ln o`caoln ylnue ì Rw 2.777.777/ Bòmz AY jòzaz} ì iaye zeraez. a/e/ Zeraln Llcùo}aoh }` Rw 221.777 xdajd xann cl}ure ò 21 Lwran 27<2 lom belr l iatem ao}erez} rl}e ì 8/97% wer loouc.Zeraln B lcùo}aoh }` Rw 2:4.777 xdajd xann cl}ure ò 21 @j}`ber 27<2 lom belr l iatem ao}erez} rl}e ì 4/25% wer loouc. Zeraln J lcùo}aoh }` Rw 588.777 xdajd xann

cl}ure ò 21 Lwran 27<: lom belr l iatem ao}erez} rl}e ì 4/87% wer loouc. Zeraln M lcùo}aoh }` Rw 24=.777 xdajd xann cl}ure ò 21 @j}`ber 27<: lom belr l iatem ao}erez} rl}e ì 1/77% wer loouc. lom Zeraln E lcùo}aoh }` Rw 982.777 xdajd xann cl}ure ò 21 @j}`ber 27<= lom belr l iatem ao}erez} rl}e ì 1/25% wer loouc/

m/ Mexlo K`cazlraz mlo Marekza m/ B`lrmz ì J`ccazzaòerz lom Marej} rz

Zuzuolo Mexlo K`cazlraz mlo Marekza Werzer`lo wlml}lohhln :< Mezecber 27<7 lmlnld zeblhla beraku}6

]de j`cw`za}aò ì }de J`cwloq‑z B`lrmz ì J`ccazzaòerz lom Marej}`rz lz l} :< Mejecber 27<7 xlz lz i`nn`xz6

K`cazlraz U}lcl mloAomeweomeo ]de`m`re Werclma Rljdcl}

Wrezameo} lom Aomeweomeo} J`ccazzaòer

K`cazlraz Aomeweomeo Mf`k` Zumql}cak` Aomeweomeo} J`ccazzaòer K`cazlraz Aomeweomeo Eoh Deoh Oee Wdanaw Aomeweomeo} J`ccazzaòer K`cazlraz D` Dò Jdeòh J`ccazzaòer K`cazlraz Cunalma Rldlrmfl J`ccazzaòer K`cazlraz Yerl Eye Nac J`ccazzaòer K`cazlraz Rlfeey Klklr J`ccazzaòer

Marek}ur U}lcl Z}loneq Ze}al L}clmfl Wrezameo} Marej}`r Marek}ur @werlza Eraml Huolxlo @werl}aò Marej}`r Marek}ur Wecbalqllo Zeweml C`}`r Clrx`}` Zèbalko` C`}`rjqjne Iaolojaoh Marej}`r Marek}ur Wecbalqllo C`ban Dliam Dlmena Jlr Iaolojaoh Marej}`r Marek}ur Clolfeceo Razak` D` Naèoh Cao Razk Clolheceo} Marej}`r

Marek}ur Keulohlo mlo Kewl}udlo A Mexl Clme Zuzanl Iaoloje lom J`cwnaloje Marej}`r











<<

</ AOI@RCLZA UCUC $nlofu}lo! </ HEOERLN AOI@RCL]A@O $jò}aouem! m/ Mexlo K`cazlraz mlo Marekza $nlofu}lo! m/ B`lrmz ì J`ccazza oerz lom Marej}`rz $j o}aouem!

Zuzuolo Mexlo K`cazlraz mlo Marekza Werzer`lo wlml}lohhln :< Mezecber 2771 lmlnld zeblhla beraku}6

]de j`cw`za}aò ì }de J`cwloq‑z B`lrmz ì J`ccazzaòerz lom Marej}`rz lz l} :< Mejecber 2771 xlz lz i`nn`xz6

K`cazlraz U}lcl ]de`m`re Werclma Rljdcl} Wrezameo} J`ccazzaòer Xlkan K`cazlraz U}lcl Fulo Euheoa` Zeblz}alo Wlremez Cuarrlhua Yaje Wrezameo} J`ccazzaòer K`cazlraz Aomeweomeo Mf`k` Zumql}cak` Aomeweomeo} J`ccazzaòer K`cazlraz Aomeweomeo Clrx`}` Dlma Zèzlz}r` Aomeweomeo} J`ccazzaòer K`cazlraz Zoh Eoh Jdul J`ccazzaòer

K`cazlraz Eoh Deoh Oee Wdanaw J`ccazzaòer

Marek}ur U}lcl Z}loneq Ze}al L}clmfl Wrezameo} Marej}`r Marek}ur @werlza mlo

Wecbalqllo C`ban Eraml Huolxlo@werl}aò lom

Jlr Iaolojaoh Marej}`r Marek}ur Wecbalqllo Zeweml C`}`r Clrx`}` Zèbalko` C`}`rjqjne Iaolojaoh Marej}`r Marek}ur Keulohlo mlo Kewl}udlo Dliam Dlmena Iaoloje lom J`cwnaloje Marej}`r Marek}ur Clolfeceo Razak` D` Naèoh Cao Razk Clolheceo} Marej}`r

Zuzuolo Mexlo K`cazlraz mlo Marekza Werzer`lo wlml}lohhln :< Mezecber 2774 lmlnld zeblhla beraku}6

]de j`cw`za}aò ì }de J`cwloq‑z B`lrmz ì J`ccazzaòerz lom Marej}`rz lz l} :< Mejecber 2774 xlz lz i`nn`xz6

K`cazlraz U}lcl ]de`m`re Werclma Rljdcl} Wrezameo} J`ccazzaòer Xlkan K`cazlraz U}lcl Fulo Euheoa` Zeblz}alo Wlremez Cuarrlhua Yaje Wrezameo} J`ccazzaòer

K`cazlraz Aomeweomeo Mf`k` Zumql}cak` Aomeweomeo} J`ccazzaòer K`cazlraz Aomeweomeo Clrx`}` Dlma Zèzlz}r` Aomeweomeo} J`ccazzaòer K`cazlraz Zoh Eoh Jdul J`ccazzaòer K`cazlraz Eoh Deoh Oee Wdanaw J`ccazzaòer

Marek}ur U}lcl Z}loneq Ze}al L}clmfl Wrezameo} Marej}`r Marek}ur @werlza mlo

Wecbalqllo C`ban Eraml Huolxlo@werl}aò lom

Jlr Iaolojaoh Marej}`r Marek}ur Wecbalqllo Zeweml C`}`r Clrx`}` Zèbalko` C`}`rjqjne Iaolojaoh Marej}`r Marek}ur Keulohlo mlo Kewl}udlo Dliam Dlmena Iaoloje lom J`cwnaloje Marej}`r

e/ K`ca}e Luma} mlo Clolfeceo Razak` e/ Luma} lom Razk Clolheceo} J`cca}}ee

Zuzuolo K`ca}e Luma} mlo Clolfeceo Razak` wlml}lohhln :< Mezecber 27<7 lmlnld zeblhla beraku}6

]de j`cw`za}aò ì }de Luma} lom Razk Clolheceo} J`cca}}ee lz l} :< Mejecber 27<7 xlz lz i`nn`xz6

Ke}ul Mf`k` Zumql}cak` Jdlarclo Lohh`}l Eoh Deoh Oee Wdanaw Cecber Lohh`}l Dlrrq Kuzolmq Cecber Lohh`}l Maqld Zlzlo}a Cecber

Zuzuolo K`ca}e Luma} mlo Clolfeceo Razak` wlml}lohhln :< Mezecber 2771 mlo 2774 lmlnld zeblhlaberaku}6

]de j`cw`za}aò ì }de Luma} lom Razk Clolheceo} J`cca}}ee lz l} :< Mejecber 2771 lom 2774 xlz lz i`nn`xz6

Ke}ul Clrx`}` Dlma Zèzlz}r` Jdlarclo Lohh`}l Mf`k` Zumql}cak` Cecber Lohh`}l Zoh Eoh Jdul Cecber Lohh`}l Eoh Deoh Oee Wdanaw Cecber

Lohh`}l Dlrrq Kuzolmq Cecber Lohh`}l Maqld Zlzlo}a Cecber











<2

</ AOI@RCLZA UCUC $nlofu}lo! </ HEOERLN AOI@RCL]A@O $jò}aouem! i/ Wlml }lohhln :< Mezecber 27<7. Werzer`lo cecwuoqla

<9/2=9 $27716 <</<:5; 27746 <</495! klrqlxlo }e}lw mlo4/<=9 $27716 =/422; 27746 2/2<=! klrqlxlo }amlk }e}lw/

i/ Lz l} :< Mejecber 27<7. }de J`cwloq dlm <9.2=9 $27716 <<.<:5; 27746 <<.495! wercloeo} ecwn`qeez lom 4.<=9 $27716 =.422; 27746 2.2<=! oò#wercloeo} ecwn`qeez/

h/ Nlw`rlo keulohlo Werzer`lo mazuzuo `ned Marekza mlomazenezlaklo wlml }lohhln < Webrulra 27<</

h / ]de iaolojaln z}l}eceo}z ì }de J`cwloq xere wrewlrem bq }de B`lrm ì Marej}`rz lom j`cwne}em ò < Iebrulrq 27<</

2/ AKD]AZLR KEBAFLKLO LKUO]LOZA QLOHZAHOAIAKLO

2/ ZUCCLRQ @I ZAHOAIAJLO] LJJ@UO]AOH W@NAJAEZ

Kebaflklo lkuo}loza qloh zahoaiaklo. qloh ma}erlwklo mlnlcweoquzuolo nlw`rlo keulohlo wlml }lohhln mlo }lduoberlkdar :< Mezecber 27<7. 2771 mlo 2774 lmlnld zeblhlaberaku}6

]de zahoaiajlo} ljjùo}aoh w`najaez. lwwnaem ao }de wrewlrl}aò ì }de iaolojaln z}l}eceo}z lz ì lom i`r }de qelrz eomem :< Mejecber 27<7. 2771 lom 2774 xere lz i`nn`xz6

l/ Mlzlr weoquzuolo nlw`rlo keulohlo l/ Blzaz i r wrewlrl}a o ì }de iaolojaln z}l}eceo}z

Nlw`rlo keulohlo mazuzuo zezula meohlo wraozawlkuo}loza qloh bernlku ucuc ma Aomòezal mlo. maclolzezula. Werl}urlo Blmlo Weohlxlz Wlzlr C`mln$Blwewlc! O`/ YAAA/H/8 }eo}loh „Wem`clo WeoqlfaloNlw`rlo Keulohlo– qloh }ermlwl} mlnlc NlcwarloKewu}uzlo Ke}ul Blwewlc O`/ KEW#79WC2777

}lohhln <: Clre} 2777 mlo werubldlooql. Kewu}uzloKe}ul Blwewlc#NK O`/ KEW#55=BN27<7 }lohhln:7 Mezecber 27<7/ Nlw`rlo keulohlo mazuzuobermlzlrklo kòzew oanla daz}`raz mlo l}lz mlzlr lkruln.kejulna maoql}lklo zejlrl kduzuz/

]de iaolojaln z}l}eceo}z xere wrewlrem ao ljj`rmloje xa}d ljjùo}aoh wraojawnez heoerlnnq ljjew}em ao Aomòezal lom. xdere lwwnajlbne. }de Jlwa}ln Clrke} Zuweryaz rq B`lrm $Blwewlc! Rehunl}a o O`/ YAAA/H/8 rehlrmaoh „Iaolojaln Z}l}eceo}z Wrezeo}l}aò Huamenaoez– lz aojnumem ao }de Lwweomat ì }de Mejazaò

Mejree ì }de Jdlarclo ì Blwewlc O`/ KEW#79WC2777 ml}em <: Clrjd 2777 lom a}z lceomceo}. }de Mejazaò Mejree ì }de Jdlarclo ì Blwewlc#NK O`/ KEW#55=BN27<7 ml}em :7 Mejecber 27<7/ ]de iaolojaln z}l}eceo}z xere wrewlrem uomer }de daz}`rajln j`z}z jòjew} lom ò }de ljjruln blzaz. uonezz `}derxaze z}l}em/

Nlw`rlo lruz klz mazuzuo meohlo ceohhuolkloce}`me nlohzuoh meohlo ceohen`cw`kklo lruz klz kemlnlc kehal}lo werlza. aoyez}lza mlo weomlollo/

]de z}l}eceo}z ì jlzd in`xz lre wrewlrem blzem ò }de marej} ce}d`m bq jnlzzaiqaoh jlzd in`xz ò }de blzaz ì `werl}aoh. aoyez}aoh lom iaolojaoh lj}aya}aez/

Zenurud lohkl mlnlc nlw`rlo keulohlo aoa mabunl}kloceoflma mlo mazlfaklo mlnlc fu}llo Ruwald qloh}ermekl}. kejulna maoql}lklo zejlrl kduzuz/

Iahurez ao }de iaolojaln z}l}eceo}z lre rùomem }` lom etwrezzem ao cannaòz ì Ruwald. uonezz `}derxaze z}l}em/

b/ Weohhuollo wer}acblohlo. ez}aclza mlo lzucza b/ Uze i fumheceo}z. ez}acl}ez lom lzzucw}aòz

Mlnlc weoquzuolo nlw`rlo keulohlo zezula meohlowraozaw lkuo}loza qloh bernlku ucuc ma Aomòezal.mabu}udklo wer}acblohlo. ez}aclza mlo lzucza qlohcecweohlruda6

]de wrewlrl}aò ì iaolojaln z}l}eceo}z ao jòi`rca}q xa}d ljjùo}aoh wraojawnez heoerlnnq ljjew}em ao Aomòezal re|uarez }de uze ì fumheceo}z. ez}acl}ez lom lzzucw}aòz }dl} liiej}6

# weoerlwlo kebaflklo lkuo}loza.# fucnld lze} mlo kexlfablo qloh manlw rklo. mlo

weohuohklwlo l}lz lze} mlo kexlfablo kò}aofeozawlml }lohhln nlw`rlo keulohlo.

# fucnld weomlwl}lo mlo beblo qloh manlw`rklozenlcl wera`me wenlw`rlo/

# }de lwwnajl}aò ì ljjùo}aoh w`najaez.# }de rew`r}em lcùo}z ì lzze}z lom nalbana}aez lom

mazjn`zure ì jò}aoheo} lzze}z lom nalbana}aez l} }de ml}e ì }de iaolojaln z}l}eceo}z.

# }de rew`r}em lcùo}z ì aoj`ce lom etweozez muraoh }de rew`r}aoh wera`m/











<:

2/ AKD]AZLR KEBAFLKLO LKUO]LOZA QLOHZAHOAIAKLO $nlofu}lo!

2/ ZUCCLRQ @I ZAHOAIAJLO] LJJ@UO]AOH W@NAJAEZ $jò}aouem!

b/ Weohhuollo wer}acblohlo. ez}aclza mlo lzucza$nlofu}lo!

b/ Uze i fumheceo}z. ez}acl}ez lom lzzucw}aòz $jò}aouem!

Xlnluwuo ez}aclza aoa mabul} bermlzlrklo weohe}ldulo}erblak clolfeceo l}lz keflmalo mlo }aomlklo zll} aoa.dlzan lk}uln cuohkao berbeml meohlo fucnld qlohmaez}aclza zecunl/

Ln}dùhd }deze ez}acl}ez lre blzem ò clolheceo}‑z bez} ko`xnemhe ì jurreo} eyeo}z lom lj}aya}aez. lj}uln rezun}z clq maiier ir`c }d`ze ez}acl}ez/

Ez}aclza mlo lzucza qloh mahuolklo ma}enlld zejlrlberkezaolcbuohlo/ Reyaza l}lz }lkzarlo lkuo}loza

malkua wlml wera`me maclol }lkzarlo }erzebu} mareyazamlo wera`me#wera`me qloh lklo ml}loh qlohmaweohlruda ned reyaza }lkzarlo }erzebu}/

Ez}acl}ez lom uomernqaoh lzzucw}aòz lre reyaexem ò lo òhàoh blzaz/ Reyazaòz }` ljjùo}aoh ez}acl}ez lre

rej`hoavem ao }de wera`m ao xdajd }de ez}acl}e az reyazem lom ao loq iu}ure wera`mz liiej}em/

Zejlrl kduzuz. aoi`rclza ceoheola dln#dln weo}aohqloh }erkla} meohlo ke}amlkwlz}alo }lkzarlo mlower}acblohlo weo}aoh mlnlc weoerlwlo kebaflklolkuo}loza qloh cecanaka mlcwlk qloh zahoaiaklo}erdlmlw fucnld qloh malkua mlnlc nlw`rlo keulohlomafenlzklo mlnlc Jl}l}lo :/

Ao wlr}ajunlr. aoi`rcl}aò lbù} zahoaiajlo} lrelz ì ez}acl}aò uojer}lao}q lom jra}ajln fumheceo}z ao lwwnqaoh ljjùo}aoh w`najaez }dl} dlye zahoaiajlo} eiiej} ò }de lcùo} rej`hoavem ao }de iaolojaln z}l}eceo}z lre mezjrabem ao O`}e :/

j/ Lze} mlo kexlfablo keulohlo j/ Iaolojaln lzze}z lom nalbana}aez

Lze} keulohlo Werzer`lo }ermara mlra klz mlo ze}lrlklz. wau}loh wecbalqllo kòzuceo. lze} nlao#nlao

$aoyez}lza zexl wecbalqllo!. wau}loh nlao#nlao $wau}lohklrqlxlo. wau}loh knlac lzurloza. wau}loh buohlmew`za}`! mlo aoyez}lza mlnlc zldlc/ Kexlfablokeulohlo Werzer`lo }ermara mlra waoflclo qlohma}eracl. buohl qloh clzad dlruz mablqlr. u}loh`bnahlza. u}loh nlao#nlao $u}loh kewlml melner mlo u}lohwreca lzurloza!/

]de J`cwloq‑z iaolojaln lzze}z jòzaz} ì jlzd lom jlzd e|uaylneo}z. jòzucer iaolojaoh rejeaylbnez. `}der

lzze} $aoyez}ceo} ao iaolojaoh nelzez!. `}der rejeaylbnez $ecwn`qee rejeaylbnez. aozurloje jnlacz rejeaylbne.ao}erez} rejeaylbnez ir`c }ace mew`za}z! lom aoyez}ceo} ao zdlrez/ ]de J`cwloq‑z iaolojaln nalbana}aez jòzaz} ì b`rr`xaohz. ljjruem ao}erez}. bòmz wlqlbne. `}der wlqlbnez $wlqlbne }` melnerz lom aozurloje wrecaucz wlqlbne!/

Werzer`lo }enld ceoerlwklo WZLK O`/ 57 $Reyaza2779! „Aoz}ruceo Keulohlo6 Weoqlfalo mloWeohuohklwlo– mlo WZLK O`/ 55 $Reyaza 2779!„Aoz}ruceo Keulohlo6 Weohlkulo mlo Weohukurlo–eiek}ai }lohhln < Floulra 27<7/

]de J`cwloq lm`w}em ZILZ O`/ 57 $2779 Reyazaò!„Iaolojaln Aoz}ruceo}z6 Wrezeo}l}aò lom Mazjn`zurez– lom ZILZ O`/ 55 $2779 Reyazaò! „Iaolojaln Aoz}ruceo}z6 Rej`hoa}aò lom Celzureceo}– eiiej}aye ò < Floulrq 27<7/

Mlcwlk weoerlwlo lxln WZLK O`/ 57 $Reyaza 2779!

mlo WZLK O`/ 55 $Reyaza 2779! mafenlzklo wlmlJl}l}lo :8/

]de eiiej} ì iarz} lm`w}aò ì ZILZ O`/ 57 $2779

Reyazaò! lom ZILZ O`/ 55 $2779 Reyazaò! az mazjuzzem ao O`}e :8/

j/</ Knlzaiaklza j/</ Jnlzzaiajl}a o Zeflk }lohhln < Floulra 27<7. wlml zll}weohlkulo lxln. Werzer`lo ceohen`cw`kklozenurud lze} keulohlooql $kejulna aoyez}lzamlnlc zldlc! zeblhla waoflclo qloh maberaklomlo wau}loh/ Waoflclo qloh maberaklo mlo wau}lohlmlnld lze} keulohlo oò#merayl}ai meohlowecblqlrlo }e}lw l}lu }enld ma}eo}uklo mlo }amlkcecwuoqla ku`}lza ma wlzlr lk}ai/

Z}lr}aoh < Floulrq 27<7. l} aoa}aln rej`hoa}aò. }de J`cwloq jnlzzaiaez lnn ì a }z iaolojaln lzze}z $etjew} aoyez}ceo} ao zdlrez! lz n`loz lom rejeaylbnez/N`loz lom rejeaylbnez lre oò#merayl}aye iaolojaln lzze}z xa}d iatem `r me}ercaolbne wlqceo}z }dl} lre o`} |u`}em ao lo lj}aye clrke}/











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j/ Lze} mlo kexlfablo keulohlo $nlofu}lo! j/ Iaolojaln lzze}z lom nalbana}aez $jò}aouem!

j/</ Knlzaiaklza $nlofu}lo! j/</ Jnlzzaiajl}a o $j o}aouem!

Lze} keulohlo Werzer`lo beruwl aoyez}lza mlnlczldlc maken`cw`kklo zeblhla lze} keulohlo}erzemal uo}uk mafuln/ Lze} keulohlo }erzemaluo}uk mafuln lmlnld lze} keulohlo oò#merayl}ai qloh ma}e}lwklo zeblhla ken`cw`k }erzemal uo}ukmafuln l}lu }amlk maknlzaiaklzaklo zeblhla waoflclo

qloh maberaklo mlo wau}loh. aoyez}lza qloh macanakadaohhl fl}ud }ecw` l}lu lze} keulohlo qlohmaukur wlml oanla xlflr cenlnua nlw`rlo nlbl ruha/

]de J`cwloq‑z iaolojaln lzze} ao }de i`rc ì aoyez}ceo} ao zdlrez az jnlzzaiaem lz lylanlbne#i`r# zlne iaolojaln lzze}/ Lylanlbne#i`r#zlne iaolojaln lzze}z lre oò#merayl}aye iaolojaln lzze}z }dl} lre mezahol}em lz lylanlbne#i`r#zlne `r lre o`} jnlzzaiaem lz n`loz lom rejeaylbnez. denm#}`#cl}ura}q

aoyez}ceo}z `r iaolojaln lzze}z l} ilar ylnue }drùhd wrìa} `r n`zz/

Zenurud kexlfablo keulohlo Werzer`lomaken`cw`kklo zeblhla kexlfablo keulohlo qlohmaukur wlml balql wer`nedlo malc`r}azlza/

Lnn ì }de J`cwloq‑z iaolojaln nalbana}aez lre jnlzzaiaem lz iaolojaln nalbana}aez celzurem l} lc`r}avem j`z}/

j/2/ Weohlkulo j/2/ Rej`hoa}aò Werzer`lo wlml lxlnoql ceohlkua lze} keulohlomlo kexlfablo keulohlo wlml }lohhln wer`nedlo/

]de J`cwloq aoa}alnnq rej`hoavez iaolojaln lzze}z lom iaolojaln nalbana}aez ò }de ml}e ì `rahaol}aò/

Wlml zll} weohlkulo lxln. lze} keulohlo l}lukexlfablo keulohlo Werzer`lo maukur wlml oanla

xlflr ma}lcbld balql }rlozlkza qloh mlwl}mal}rabuzaklo zejlrl nlohzuoh l}lz wer`nedlo lze}keulohlo l}lu weoerba}lo kexlfablo keulohlo/Weohukurlo lze} keulohlo mlo kexlfablokeulohlo ze}enld weohlkulo lxln }erhlo}uohwlml knlzaiaklzaoql/

L} aoa}aln rej`hoa}aò. }de J`cwloq‑z iaolojaln lzze}z `r iaolojaln nalbana}aez lre celzurem l} ilar ylnuez wnuz

}rlozlj}aò j`z}z }dl} lre marej}nq l}}rabu}lbne }` }de lj|uaza}aò ì iaolojaln lzze}z `r azzue ì iaolojaln nalbana}aez/ ]de zubze|ueo} celzureceo} ì iaolojaln lzze}z lom iaolojaln nalbana}aez meweomz ò }dear jnlzzaiajl}aò/











<5




j/2/ Weohlkulo $nlofu}lo! j/2/ Rej`hoa}aò $j o}aouem!

Balql }rlozlkza dloql cenawu}a balql#balql qlohmlwl} mal}rabuzaklo zejlrl nlohzuoh uo}ukwer`nedlo zul}u lze} keulohlo l}lu weoerba}lozul}u kexlfablo keulohlo mlo ceruwlklo balql}lcbldlo qloh }amlk lklo }erflma lwlbanlaoz}ruceo keulohlo }erzebu} }amlk mawer`ned l}lu

ma}erba}klo/ Uo}uk lze} keulohlo. balql }rlozlkzama}lcbldklo wlml fucnld qloh malkua wlml lxlnweohlkulo lze}. zemlohklo uo}uk kexlfablokeulohlo. balql }rlozlkza makurlohklo mlra fucnldu}loh qloh malkua wlml lxln weohlkulo kexlfablo$zebenuc }lohhln < Floulra 27<7. balql }rlozlkzamajl}l} wlml lkuo beblo }lohhudlo mlo bukloceruwlklo blhalo mlra wau}loh wecbalqllokòzuceo!/ Balql }rlozlkza }erzebu} malc`r}azlzazenlcl ucur aoz}ruceo bermlzlrklo ce}`me zukubuohl eiek}ai mlo majl}l} zeblhla blhalo mlraweomlwl}lo wecbalqllo kòzuceo uo}uk balql}rlozlkza zedubuohlo meohlo lze} keulohlo mlozeblhla blhalo mlra beblo buohl uo}uk balql}rlozlkza zedubuohlo meohlo kexlfablo

keulohlo $zebenuc }lohhln < Floulra 27<7.lc`r}azlza balql }rlozlkza majl}l} zeblhla blhalomlra beblo wer`nedlo wecbalqllo kòzuceo l}luzeblhla weohurloh mlra weomlwl}lo wecbalqllokòzuceo. }erhlo}uoh zkecl balql }rlozlkza!/

]rlozlj}aò j`z}z aojnume ònq }d`ze j`z}z }dl} lre marej}nq l}}rabu}lbne }` }de lj|uaza}aò ì l iaolojaln lzze} `r azzue ì l iaolojaln nalbana}q lom }deq lre aojreceo}ln j`z}z }dl} xùnm o`} dlye beeo aojurrem ai }de aoz}ruceo} dlm o`} beeo lj|uarem `r azzuem/ Ao }de jlze ì iaolojaln lzze}z. }rlozlj}aò j`z}z lre

lmmem }` }de lcùo} rej`hoavem aoa}alnnq. xdane i`r iaolojaln nalbana}aez. }rlozlj}aò j`z}z lre memuj}em ir`c }de lcùo} ì meb} rej`hoavem aoa}alnnq $wra`r }` < Floulrq 27<7. zujd }rlozlj}aò j`z}z xere rej`rmem ao meierrem jdlrhez ljjùo} lom xere o`} aojnumem lz wlr} ì jòzucer iaolojaoh rejeaylbnez!/Zujd }rlozlj}aò j`z}z lre lc`r}avem `yer }de }ercz ì }de aoz}ruceo}z blzem ò }de eiiej}aye ao}erez} ce}d`m lom lre rej`rmem lz wlr} ì jòzucer iaolojaoh aoj`ce i`r }rlozlj}aò j`z}z renl}em }` iaolojaln lzze}z lom lz wlr} ì ao}erez} etweozez i`r }rlozlj}aò j`z}z renl}em }` iaolojaln nalbana}aez $wra`r }` < Floulrq 27<7. }de lc`r}avl}aò ì zujd j`z}z xere rej`rmem lz wlr} ì lj|uaza}aò j`z} ì jòzucer iaolojaoh `r lz l remuj}aò }` jòzucer

iaolojaoh aoj`ce. meweomaoh ò }de zjdece!/

Ze}enld weohlkulo lxln. waoflclo qloh maberaklomlo wau}loh majl}l} wlml balql wer`nedlomalc`r}azlza $nadl} Jl}l}lo 2j/5! meohloceohhuolklo ce}`me zuku buohl eiek}ai.zemlohklo lze} keulohlo }erzemal uo}uk mafulnqloh }amlk cecanaka dlrhl ku`}lza majl}l} wlmlbalql wer`nedlo/

Zubze|ueo} }` aoa}aln rej`hoa}aò. n`loz lom rejeaylbnez lre celzurem l} lc`r}avem j`z} $zee O`}e 2j/5! uzaoh }de eiiej}aye ao}erez} ce}d`m. lom lylanlbne#i`r#zlne ì uo|u`}em iaolojaln lzze}z lre celzurem l} j`z}/

Ze}enld weohlkulo lxln. kexlfablo keulohlo

majl}l} wlml balql wer`nedlo malc`r}azlza $nadl}Jl}l}lo 2j/5! meohlo ceohhuolklo ce}`me zukubuohl eiek}ai/

Zubze|ueo} }` aoa}aln rej`hoa}aò. iaolojaln nalbana}aez

lre celzurem l} lc`r}avem j`z} $zee O`}e 2j/5!uzaoh }de eiiej}aye ao}erez} ce}d`m/

j/:/ Weohdeo}alo weohlkulo j/:/ Merej`hoa}aò Werzer`lo ceohdeo}aklo weohlkulo lze}keulohlo wlml zll} dlk kò}rlk}uln l}lz lruz klzqloh berlzln mlra lze} keulohlo }erzebu}klmlnuxlrzl. l}lu Werzer`lo ceo}rlozier zenuruddlk uo}uk ceoeracl lruz klz kò}rlk}uln mlra lze}keulohlo mlnlc }rlozlkza maclol Werzer`lozejlrl zubz}lozaln }enld ceo}rlozier zenurud razak`mlo cloill} l}lz kewecanaklo lze} keulohlo qlohma}rlozier/ Ze}alw dlk l}lu kexlfablo l}lz lze}

keulohlo qloh ma}rlozier qloh }acbun l}lu qlohclzad macanaka `ned Werzer`lo malkua zeblhla lze}l}lu kexlfablo zejlrl }erwazld/

]de J`cwloq merej`hoavez l iaolojaln lzze} xdeo }de jò}rlj}uln rahd}z }` }de jlzd in`xz ir`c }de lzze} etware. `r a} }rlozierz }de rahd}z }` rejeaye }de jò}rlj}uln jlzd in`xz ò }de iaolojaln lzze} ao l }rlozlj}aò ao xdajd zubz}lo}alnnq lnn }de razkz lom rexlrmz ì `xoerzdaw ì }de iaolojaln lzze} lre }rlozierrem/ Loq ao}erez} ao }rlozierrem iaolojaln lzze}z }dl} az jrel}em `r re}laoem bq }de J`cwloq az rej`hoavem lz l zewlrl}e lzze} `r nalbana}q/











<9



j/ Lze} mlo kexlfablo keulohlo $nlofu}lo! j/ Iaolojaln lzze}z lom nalbana}aez $jò}aouem! j/:/ Weohdeo}alo weohlkulo $nlofu}lo! j/:/ Merej`hoa}aò $j o}aouem!

Werzer`lo ceohdeo}aklo weohlkulo kexlfablokeulohlo wlml zll} kexlfablo qloh ma}e}lwklomlnlc kò}rlk manewlzklo l}lu mabl}lnklo l}luklmlnuxlrzl/

]de J`cwloq merej`hoavez l iaolojaln nalbana}q xdeo a}z jò}rlj}uln `bnahl}aòz lre mazjdlrhem `r jlojennem `r etwarem/

Mlnlc }rlozlkza maclol Werzer`lo zejlrlzubz}lozaln }amlk cecanaka l}lu }amlk ceo}rlozierzenurud razak` mlo cloill} l}lz kewecanaklo lze}keulohlo. Werzer`lo ceohdeo}aklo weohlkulolze} }erzebu} fakl Werzer`lo }amlk nlha cecanakaweoheomlnalo l}lz lze} }erzebu}/ Dlk mlokexlfablo qloh }acbun l}lu qloh clzad macanakamlnlc }rlozier }erzebu} malkua zejlrl }erwazldzeblhla lze} l}lu kexlfablo/ Mlnlc }rloziermaclol weoheomlnalo l}lz lze} clzad macanaka.Werzer`lo }e}lw ceohlkua lze} qloh ma}rlozier}erzebu} zebezlr ke}ernabl}lo berkenlofu}lo. qlohma}eo}uklo `ned bezlroql werubldlo oanla lze}qloh ma}rlozier/

Ao }rlozlj}aòz xdere }de J`cwloq oea}der re}laoz o`r }rlozierz zubz}lo}alnnq lnn }de razkz lom rexlrmz ì `xoerzdaw ì l iaolojaln lzze}. }de J`cwloq merej`hoavez }de lzze} ai a} mèz o`} re}lao jò}r`n `yer }de lzze}/ ]de rahd}z lom `bnahl}aòz re}laoem ao }de }rlozier lre rej`hoavem zewlrl}enq lz lzze}z lom nalbana}aez lz lwwr`wral}e/ Ao }rlozierz xdere jò}r`n `yer }de lzze} az re}laoem. }de J`cwloq jò}aouez }` rej`hoave }de lzze} }` }de et}eo} ì a}z jò}aouaoh aoy`nyeceo}. me}ercaoem bq }de et}eo} }` xdajd a} az etw`zem }` jdlohez ao }de ylnue ì }de }rlozierrem lzze}/

Werzer`lo ceohdlwuzbukuklo zlnm` wau}loh

wecbalqllo kòzuceo wlml zll} Werzer`loceoeo}uklo bldxl lze} }erzebu} }amlk mlwl}ma}lhad nlha/ Weoeracllo l}lu wecunadlo kecblnal}lz lze} keulohlo qloh }enld madlwuzbukuklomalkua zeblhla weomlwl}lo nlao#nlao/

]de J`cwloq xra}ez ìi l jòzucer iaolojaoh

rejeaylbnez xdeo }de J`cwloq me}ercaoez }dl} }de lzze} az uoj`nnej}abne/ J`nnej}aò `r rej`yerq ì iaolojaln lzze}z xdajd dlm beeo jdlrhem#ìi az rej`rmem lz `}der aoj`ce/

j/=/ Zlnaoh dlwuz j/=/ @iize}}aoh Lze} keulohlo mlo kexlfablo keulohlo zlnaohdlwuz mlo oanla berzadoql mazlfaklo mlnlc oerljl fakl. mlo dloql fakl. Werzer`lo cecanaka dlk qlohberkekul}lo dukuc uo}uk cenlkuklo zlnaoh dlwuzl}lz fucnld qloh }enld malkua }erzebu} mlo beroal}uo}uk ceoqenezlaklo zejlrl oe}` l}lu uo}uk

cerelnazlzaklo lze} mlo ceoqenezlaklokexlfablooql zejlrl zacun}lo/

Iaolojaln lzze}z lom nalbana}aez zdlnn be ìize} lom }de oe} lcùo} az wrezeo}em ao }de blnloje zdee} xdeo lom ònq xdeo. }de J`cwloq dlz l nehln eoi`rjelbne rahd} }` ze} ìi }de lcùo}z lom ao}eomz ea}der }` ze}}ne ò l oe} blzaz `r }` relnave }de lzze} lom ze}}ne }de nalbana}q zacun}loeùznq/

Weomlwl}lo mlo beblo mazlfaklo mlnlc fucnldberzad dloql fakl mawerkeoloklo `ned z}lomlrlkuo}loza/

Aoj`ce lom etweoze lre wrezeo}em ò l oe} blzaz ònq xdeo werca}}em bq ljjùo}aoh z}lomlrmz/

j/5/ Weohukurlo balql wer`nedlo malc`r}azlza j/5/ Lc`r}avem j`z} celzureceo}

Balql wer`nedlo malc`r}azlza mlra lze} keulohlol}lu kexlfablo keulohlo lmlnld fucnld lze} l}lukexlfablo keulohlo qloh maukur wlml zll}weohlkulo lxln makurloha wecblqlrlo w`k`k.ma}lcbld l}lu makurloha meohlo lc`r}azlzakucunl}ai meohlo ceohhuolklo ce}`me zuku

buohl eiek}ai qloh mada}uoh mlra zenazad lo}lrl oanlalxln mlo oanla fl}ud }ecwòql. makurlohaweoqazadlo keruhalo weouruolo oanla/

]de lc`r}avem j`z} ì l iaolojaln lzze} `r nalbana}q az }de lcùo} l} xdajd }de iaolojaln lzze} `r nalbana}q az celzurem l} aoa}aln rej`hoa}aò. caouz wraojawln rewlqceo}z. wnuz `r caouz }de jucunl}aye lc`r}avl}aò uzaoh }de eiiej}aye ao}erez} ce}d`m ì loq maiiereoje be}xeeo }de aoa}aln lcùo} rej`hoavem

lom }de cl}ura}q lcùo}. caouz loq remuj}aò i`r acwlarceo}/











<8




j/9/ Weohukurlo oanla xlflr j/9/ Ilar ylnue celzureceo}

Oanla xlflr lmlnld oanla maclol zul}u lze} mlwl}mawer}uklrklo. l}lu zul}u kexlfablo mazenezlaklolo}lrl wadlk qloh cecldlca mlo berkeaohaolouo}uk cenlkuklo }rlozlkza xlflr $lrc(z neoh}d }rlozlj}aò! wlml }lohhln weohukurlo/

Ilar ylnue az }de lcùo} i`r xdajd lo lzze} jùnm be etjdlohem. `r l nalbana}q ze}}nem. be}xeeo ko`xnemhelbne. xannaoh wlr}aez ao lo lrc(z neoh}d }rlozlj}aò ò }de celzureceo} ml}e/

Fakl }erzemal. Werzer`lo ceohukur oanla xlflraoz}ruceo keulohlo meohlo ceohhuolklo dlrhlku`}lza ma wlzlr lk}ai uo}uk aoz}ruceo }erzebu}/Zul}u wlzlr malohhlw lk}ai fakl dlrhl ku`}lzazexlk}u#xlk}u mlo zejlrl berklnl }erzemal mloceojercaoklo }rlozlkza wlzlr qloh lk}uln mloru}ao mlnlc zul}u }rlozlkza qloh xlflr/

Xdeo lylanlbne. }de J`cwloq celzurez }de ilar ylnue ì lo aoz}ruceo} uzaoh |u`}em wrajez ao lo lj}aye clrke} i`r }dl} aoz}ruceo}/ L clrke} az rehlrmem lz lj}aye ai |u`}em wrajez lre relmanq lom rehunlrnq lylanlbne lom rewrezeo} lj}uln lom rehunlrnq `jjurraoh clrke} }rlozlj}aòz ò lo lrc(z neoh}d blzaz/

Fakl wlzlr uo}uk zul}u aoz}ruceo keulohlo }amlklk}ai. Werzer`lo ceoeo}uklo oanla xlflr meohloceohhuolklo }ekoak weoanlalo/ ]ekoak weoanlaloceojlkuw weohhuollo }rlozlkza wlzlr }erkaoaqloh manlkuklo zejlrl xlflr `ned wadlk#wadlkqloh cecldlca. berkeaohaolo. mlo fakl }erzemal.reiereoza l}lz oanla xlflr }erkaoa mlra aoz}ruceo nlao

qloh zejlrl zubz}lozaln zlcl. weohhuollololnazl lruz klz qloh mamazkò}` mlo weohhuolloc`men weoe}lwlo dlrhl `wza $`w}aò wrajaoh c`men!/ ]ekoak weoanlalo qloh mawanadceclkzaclnklo weohhuollo aowu} wlzlr. mlocecaoaclnklo weohhuollo }lkzarlo qloh berzail}zwezaiak mlra Werzer`lo. ceclzukklo zeculilk}`r qloh lklo mawer}acblohklo `ned wlrlwenlku wlzlr mlnlc ceoe}lwklo zul}u dlrhl mlokòzaz}eo meohlo ce}`m`n`ha ekò`ca qlohma}eracl mlnlc weoe}lwlo dlrhl aoz}ruceokeulohlo/ Aowu} qloh mahuolklo mlnlc }ekoakweoanlalo zejlrl ceclmla ceojercaokloekzwek}lza wlzlr mlo ukurlo l}lz ilk}`r razak` mloweohecblnalo $razk#re}uro! qloh cenekl} wlml

aoz}ruceo keulohlo/ Werzer`lo ceohklnabrlza}ekoak weoanlalo mlo ceohufa ylnama}lzoql meohloceohhuolklo dlrhl#dlrhl mlra }rlozlkza wlzlr}erkaoa qloh mlwl} ma`bzerylza uo}uk aoz}ruceoqloh zlcl l}lu l}lz mlzlr ml}l wlzlr nlaooqlqloh }erzemal qloh mlwl} ma`bzerylza/

Ai l clrke} i`r l iaolojaln aoz}ruceo} az o`} lj}aye.}de J`cwloq ez}lbnazdez ilar ylnue uzaoh l ylnul}aò }ejdoa|ue/ Ylnul}aò }ejdoa|uez aojnume uzaoh rejeo} lrc(z neoh}d }rlozlj}aòz be}xeeo ko`xnemhelbne lom xannaoh wlr}aez. lom ai lylanlbne.reiereoje }` }de jurreo} ilar ylnue ì `}der aoz}ruceo}z }dl} lre zubz}lo}alnnq }de zlce.

mazjùo}em jlzd in`xz lolnqzaz lom `w}aò wrajaoh c`menz/ ]de jd`zeo ylnul}aò }ejdoa|ue clkez cltacuc uze ì clrke} aowu}z. renaez lz na}}ne lz w`zzabne ò ez}acl}ez zwejaiaj }` }de J`cwloq.aoj`rw`rl}ez lnn ilj}`rz }dl} clrke} wlr}ajawlo}z xùnm jòzamer ao ze}}aoh l wraje. lom az jòzaz}eo} xa}d ljjew}em ejò`caj ce}d`m`n`haez i`r wrajaoh iaolojaln aoz}ruceo}z/ Aowu}z }` ylnul}aò }ejdoa|uez relzòlbnq rewrezeo} clrke} etwej}l}aòz lom celzurez ì }de razk#re}uro ilj}`rz aodereo} ao }de iaolojaln aoz}ruceo}/ ]de J`cwloq jlnabrl}ez ylnul}aò }ejdoa|uez lom }ez}z }dec i`r ylnama}q uzaoh wrajez ir`c `bzerylbne jurreo} clrke} }rlozlj}aòz ao }de zlce aoz}ruceo} `r blzem ò `}der lylanlbne `bzerylbne clrke} ml}l/











<4




j/9/ Weohukurlo oanla xlflr $nlofu}lo! j/9/ Ilar ylnue celzureceo} $jò}aouem! Buk}a }erblak l}lz oanla xlflr aoz}ruceo keulohlowlml zll} weohlkulo lxln lmlnld dlrhl}rlozlkza. qla}u oanla xlflr mlra wecblqlrlo qlohmaberaklo l}lu ma}eracl. kejulna fakl oanla xlflr mlraaoz}ruceo keulohlo }erzebu} ma}eo}uklo meohlowerblomaohlo meohlo }rlozlkza wlzlr }erkaoa qloh

mlwl} ma`bzerylza mlra zul}u aoz}ruceo qloh zlcl$qla}u }lowl c`maiaklza l}lu weoheclzlo unloh!.l}lu bermlzlrklo zul}u }ekoak weoanlalo qlohylralbenoql dloql ceohhuolklo ml}l mlra wlzlrqloh mlwl} ma`bzerylza/ Fakl dlrhl }rlozlkzacecberaklo buk}a }erblak l}lz oanla xlflr wlmlzll} weohlkulo lxln. clkl aoz}ruceo keulohlowlml lxlnoql maukur wlml dlrhl }rlozlkza mlozenazad lo}lrl dlrhl }rlozlkza mlo oanla qlohzebenucoql mawer`ned mlra c`men weoanlalo malkuamlnlc nlw`rlo nlbl ruha ze}enld weohlkulo lxln}erhlo}uoh wlml clzaoh#clzaoh ilk}l mlokelmlllo mlra }rlozlkza }erzebu} olcuo }amlknebad nlcbl} mlra zll} weoanlalo }erzebu} mamukuohzeweoudoql `ned ml}l wlzlr qloh mlwl}

ma`bzerylza l}lu zll} }rlozlkza ma}u}uw/

]de bez} eyameoje ì }de ilar ylnue ì l iaolojaln aoz}ruceo} l} aoa}aln rej`hoa}aò az }de }rlozlj}aò wraje. a/e. }de ilar ylnue ì }de jòzamerl}aò hayeo `r rejeayem. uonezz }de ilar ylnue ì }dl} aoz}ruceo} az eyameojem bq j`cwlrazò xa}d }de `}der `bzerylbne jurreo} clrke} }rlozlj}aòz ao }de zlce aoz}ruceo}

$a/e/. xa}dù} c`maiajl}aò `r rewljklhaoh!. `r blzem ò l ylnul}aò }ejdoa|ue xd`ze ylralbnez aojnume ònq ml}l ir`c `bzerylbne clrke}z/ Xdeo }rlozlj}aò wraje wr`yamez }de bez} eyaomeoje ì ilar ylnue l} aoa}aln rej`hoa}aò. }de iaolojaln aoz}ruceo} az aoa}alnnq celzurem l} }de }rlozlj}aò wraje lom loq maiiereoje be}xeeo }daz wraje lom }de ylnue aoa}alnnq `b}laoem ir`c l ylnul}aò c`men az zubze|ueo}nq rej`hoavem ao }de z}l}eceo} ì aoj`ce meweomaoh ò }de aomayamuln ilj}z lom jarjucz}lojez ì }de }rlozlj}aò bu} o`} nl}er }dlo xdeo }de ylnul}aò az zuww`r}em xd`nnq bq `bzerylbne clrke} ml}l `r }de }rlozlj}aò az jn`zem ù}/

Oanla xlflr ceojercaoklo razak` krema} l}lzaoz}ruceo keulohlo mlo }erclzuk weoqezulaloqloh manlkuklo uo}uk ceclzukklo razak` krema}Werzer`lo mlo wadlk nlxlo. clol qloh nebadzezula/ ]lkzarlo oanla xlflr qloh mawer`ned mlrac`men weoanlalo lklo mazezulaklo uo}ukcecwer}acblohklo ilk}`r#ilk}`r nlaooql. zewer}arazak` nakuama}lz l}lu ke}amlkwlz}alo c`menweoanlalo. zewlofloh Werzer`lo qlkao bldxlke}ernabl}lo zul}u wlzlr wadlk ke}ahl lklocecwer}acblohklo ilk}`r#ilk}`r }erzebu} mlnlcweoe}lwlo dlrhl zul}u }rlozlkza/

Ilar ylnuez reinej} }de jrema} razk ì }de aoz}ruceo} lom aojnume lmfuz}ceo}z }` }lke ljjùo} ì }de jrema} razk ì }de J`cwloq lom jùo}erwlr}q xdere lwwr`wral}e/ Ilar ylnue ez}acl}ez `b}laoem ir`c c`menz lre lmfuz}em i`r loq `}der ilj}`rz. zujd lz na|uama}q razk `r c`men uojer}lao}aez. }` }de et}eo} }dl} }de J`cwloq benaeyez l }darm#wlr}q clrke} wlr}ajawl}aò xùnm }lke }dec ao}` ljjùo} ao wrajaoh l }rlozlj}aò/

m/ Klz mlo ze}lrl klz m/ Jlzd lom jlzd e|uaylneo}z

Klz mlo ze}lrl klz }ermara mlra klz. klz ma blok mlomew`za}` berflohkl qloh fl}ud }ecw` mlnlc xlk}u: bunlo l}lu kurloh zeflk }lohhln weoecwl}lo.zewlofloh mew`za}` berflohkl }erzebu} }amlk mahuolklozeblhla flcaolo l}lz waoflclo qloh ma}eracl. zer}l}amlk mabl}lza weohhuollooql/

Jlzd lom jlzd e|uaylneo}z jòzaz} ì jlzd ò dlom.jlzd ao blokz lom }ace mew`za}z xa}d l cl}ura}q wera`m ì : cò}dz `r nezz zaoje }de ml}e ì wnljeceo}. lz nòh lz }deze }ace mew`za}z lre o`} wnemhem lz j`nnl}erlnz i`r b`rr`xaohz o`r rez}raj}em/











<1



e/ Lkuo}loza wecbalqllo kòzuceo e/ Ljjùo}aoh i`r jòzucer iaolojaoh

Wau}loh wecbalqllo kòzuceo ceruwlklo fucnldwau}loh ze}enld makurloha meohlo blhalo wecbalqlloberzlcl. weomlwl}lo wecbalqllo kòzuceo qlohbenuc malkua mlo weoqazadlo keruhalo weouruolo oanla/

Jòzucer iaolojaoh rejeaylbnez lre z}l}em l} oe} ì fào} iaolojaoh. uoelroem jòzucer iaolojaoh aoj`ce lom lnn`xloje i`r acwlarceo} n`zzez/

Weomlwl}lo wecbalqllo kòzuceo qloh benuc malkuaceruwlklo zenazad lo}lrl fucnld kezenurudlowecblqlrlo lohzurlo qloh lklo ma}eracl mlra

kòzuceo mlo fucnld w`k`k wecbalqllo. qloh malkuazeblhla weomlwl}lo zenlcl flohkl xlk}u kò}rlkbermlzlrklo }aohkl} zuku buohl eiek}ai mlra wau}lohwecbalqllo kòzuceo/

Uoelroem jòzucer iaolojaoh aoj`ce rewrezeo}z }de maiiereoje be}xeeo }`}ln aoz}lnnceo}z }` be rejeayem ir`c }de jòzucer lom }de wraojawln lcùo} iaolojem. xdajd

az rej`hoavem lz aoj`ce `yer }de }erc ì }de jò}rlj} blzem ò eiiej}aye ao}erez} rl}e ì }de renl}em jòzucer iaolojaoh rejeaylbne/

Zeflk }lohhln < Floulra 27<7. wau}loh wecbalqllokòzuceo maknlzaiaklzaklo zeblhla waoflclo qlohmaberaklo mlo wau}loh. qloh ze}enld weohlkulo lxln.majl}l} wlml balql wer`nedlo malc`r}azlza meohloceohhuolklo ce}`me zuku buohl eiek}ai $nadl} Jl}l}lo2j/5!/

Z}lr}aoh < Floulrq 27<7. jòzucer iaolojaoh rejeaylbnez lre jnlzzaiaem lz n`loz lom rejeaylbnez. xdajd zubze|ueo} }` aoa}aln rej`hoa}aò. lre jlrraem l} lc`r}avem j`z} uzaoh }de eiiej}aye ao}erez} ce}d`m $zee O`}e 2j/5!/

Wau}loh wecbalqllo kòzuceo qloh wecblqlrlolohzurlooql ceouohhlk nebad mlra 17 dlramaknlzaiaklzaklo zeblhla wau}loh berclzlnld mlo

weomlwl}lo wecbalqllo kòzuceo malkua wlml zll}weomlwl}lo }erzebu} ma}eracl $jlzd blzaz !/ Wlml zll}wau}loh wecbalqllo kòzuceo maknlzaiaklzaklo zeblhlawau}loh berclzlnld. weomlwl}lo wecbalqllokòzuceo qloh }enld malkua }e}lwa benuc }er}lhadmabl}lnklo weohlkulooql/

Jòzucer iaolojaoh rejeaylbnez xdajd aoz}lnnceo}z lre `yermue i`r c`re }dlo 17 mlqz lre jnlzzaiaem lz oò# weri`rcaoh rejeaylbnez lom }de renl}em jòzucer

iaolojaoh aoj`ce az rej`hoavem ònq xdeo a} az lj}ulnnq j`nnej}em $jlzd blzaz!/ Xdeo }de jòzucer iaolojaoh rejeaylbnez lre jnlzzaiaem lz oòweri`rcaoh rejeaylbnez.loq jòzucer iaolojaoh aoj`ce rej`hoavem bu} o`} j`nnej}em az reyerzem/

Weoqenezlalo kò}rlk zebenuc clzl wecbalqllokòzuceo berlkdar mawernlkuklo zeblhla wecbl}lnlokò}rlk wecbalqllo kòzuceo mlo keuo}uohlo l}lukeruhalo qloh }acbun malkua mlnlc nlw`rlo nlbl ruha}lduo berflnlo/

Elrnq }ercaol}aò ì l jò}rlj} az }rel}em lz l jlojennl}aò ì lo etaz}aoh jò}rlj} lom }de rezun}aoh hlao `r n`zz az rej`hoavem ao }de jurreo} qelr z}l}eceo} ì aoj`ce/

i/ Wecbalqllo berzlcl i/ F ao} iaolojaoh

Mlnlc wecbalqllo berzlcl lo}lrl Werzer`lo mloweoqemal ilzana}lz wecbalqllo berzlcl. Werzer`loberdlk ceoeo}uklo }aohkl} buohl qloh nebad }aohhakewlml kòzuceo mablomaohklo }aohkl} buohl qlohma}e}lwklo mlnlc werflofalo wecbalqllo berzlclmeohlo weoqemal ilzana}lz wecbalqllo berzlcl/

Ao fào} iaolojaoh lrrloheceo}z be}xeeo }de J`cwloq lom }de fào} iaolojaoh iljana}q wr`yamer. }de J`cwloq dlz }de rahd} }` ze} dahder ao}erez} rl}ez }` }de jòzucerz }dlo }de ao}erez} rl}ez z}l}em ao }de fào} iaolojaoh lhreeceo} xa}d }de fào} iaolojaoh iljana}q wr`yamer/

Zenurud kò}rlk wecbalqllo berzlcl qloh manlkuklo`ned Werzer`lo ceruwlklo wecbalqllo berzlcl}lowl }lohhuoh reo}eoh $xa}dù} rejùrze ! macloldloql w`rza fucnld lohzurlo wau}loh qloh mabalqlaWerzer`lo qloh majl}l} zeblhla wau}loh wecbalqllokòzuceo ma oerljl $weomekl}lo oe}`!/ Weomlwl}lowecbalqllo kòzuceo mazlfaklo ma nlw`rlo nlbl ruhaze}enld makurloha meohlo blhalo qloh ceruwlklo dlk

wadlk#wadlk nlao qloh berwlr}azawlza wlml }rlozlkzawecbalqllo berzlcl }erzebu}/

Lnn fào} iaolojaoh jò}rlj}z eo}erem bq }de J`cwloq lre fào} iaolojaoh xa}dù} rejùrze ao xdajd ònq }de J`cwloq‑z iaolojaoh w`r}aò ì }de }`}ln aoz}lnnceo}z lre rej`rmem lz jòzucer iaolojaoh rejeaylbnez ao }de blnloje zdee} $oe} lwwr`ljd!/ Jòzucer iaolojaoh aoj`ce az wrezeo}em ao }de z}l}eceo} ì aoj`ce li}er memuj}aoh }de w`r}aòz benòh }` `}der wlr}aez wlr}ajawl}em }` }deze fào} iaolojaoh }rlozlj}aòz/











27



h/ Ameo}aiaklza mlo weohukurlo weouruolo oanla h/ Ameo}aiajl}aò lom celzureceo} ì acwlarceo}

Zebenuc }lohhln < Floulra 27<7. Werzer`loceoe}lwklo weoqazadlo keruhalo weouruolo oanlawau}loh wecbalqllo kòzuceo bermlzlrkloweoenlldlo zejlrl kezenurudlo }erdlmlw kelmllolkuo wau}loh wlml lkdar }lduo. meohlocecwer}acblohklo ucur wau}loh wecbalqllokòzuceo/ Berkla}lo meohlo acwneceo}lzaclolfeceo razak` zejlrl kòz`namlza blha blok qloh

cenlkuklo weoheomlnalo }erdlmlw lolk weruzldllo$werl}urlo Blok Aomòezal O`/ 49WBA2779 }lohhln:7 Floulra 2779!. Werzer`lo fuhl ceohda}uoh fucnldweoqazadlo keruhalo weouruolo oanla l}lz w`r}ì`na`wau}loh wecbalqllo kòzuceo bermlzlrklo werl}urloBlok Aomòezal }eo}loh Weoanlalo Kulna}lz Lk}ayl BlokUcuc uo}uk }ufulo kewl}udlo aomuk weruzldllooql$W] Blok Mlolcò Aomòezal ]bk! }erdlmlw werl}urloBlok Aomòezal }erzebu} ma l}lz/

Wra`r }` < Floulrq 27<7. }de J`cwloq wr`yamez lo lnn`xloje i`r acwlarceo} n`zzez ir`c jòzucer iaolojaoh rejeaylbnez blzem ò lo `yerlnn reyaex ì rejeaylbnez l} }de eom ì }de qelr. xa}d jòzamerl}aò ì }de lhaoh ì jòzucer iaolojaoh rejeaylbnez/ Ao jòoej}aò xa}d }de acwneceo}l}aò ì jòz`naml}em razk clolheceo} i`r blokz xdajd eterjazem jò}r`n `yer zubzamalraez $Blok Aomòezal rehunl}aò

O`/ 49WBA2779 ml}em :7 Floulrq 2779!. }de J`cwloq dlz lnz` jlnjunl}em }de lcùo}z ì lnn`xloje i`r acwlarceo} n`zzez ò a}z jòzucer iaolojaoh rejeaylbnez w`r}i`na` ao ljj`rmloje xa}d Blok Aomòezal rehunl}aò jòjeroaoh Lzze}z \ulna}q Rl}aoh i`r J`ccerjaln Blokz i`r }de wurw`ze ì a}z wlreo} j`cwloq $W] Blok Mlolcò Aomòezal ]bk! j`cwnqaoh xa}d }de lb`ye Blok Aomòezal rehunl}aò/

Zeflk }lohhln < Floulra 27<7. wlml ze}alw }lohhlnoerljl. Werzer`lo ceoheylnulza lwlkld }ermlwl} buk}a`bqek}ai }enld }erflmaoql weouruolo oanla l}lz lze}keulohlo Werzer`lo/ Lze} keulohlo ceohlnlcaweouruolo oanla fakl buk}a `bqek}ai ceouofukklo bldxl

weraz}axl qloh ceruhaklo }enld }erflma ze}enldweohlkulo lxln lze} keulohlo. mlo weraz}axl }erzebu}bermlcwlk wlml lruz klz clzl ml}loh l}lz lze}keulohlo qloh mlwl} maez}aclza zejlrl dlomln/

Z}lr}aoh < Floulrq 27<7. l} eljd blnloje zdee} ml}e. }de J`cwloq lzzezzez xde}der }dere az `bfej}aye eyameoje }dl} }de J`cwloq(z iaolojaln lzze}z lre acwlarem/Iaolojaln lzze}z lre acwlarem xdeo `bfej}aye eyameoje mecòz}rl}ez }dl} l n`zz eyeo} dlz `jjurrem li}er }de

aoa}aln rej`hoa}aò ì }de iaolojaln lzze}z. lom }dl} }de n`zz eyeo} dlz lo acwlj} ò }de iu}ure jlzd in`xz ò }de iaolojaln lzze}z }dl} jlo be ez}acl}em renalbnq/

Buk}a `bqek}ai bldxl lze} keulohlo ceohlnlcaweouruolo oanla cenawu}a xlowrez}lza l}lu }uohhlklowecblqlrlo `ned meba}ur. rez}ruk}urazlza wau}loh `nedWerzer`lo meohlo werzqlrl}lo qloh }amlk cuohkaomaberaklo fakl meba}ur }amlk ceohlnlca kezuna}lokeulohlo. aomaklza bldxl meba}ur lklo maoql}lklowlana}. l}lu ml}l qloh mlwl} ma`bzerylza nlaooql qloh}erkla} meohlo ken`cw`k lze} keulohlo zewer}acecburukoql z}l}uz wecblqlrlo meba}ur mlnlcken`cw`k }erzebu}. l}lu kòmaza ekò`ca qloh

berk`renlza meohlo xlowrez}lza l}lz lze} mlnlcken`cw`k }erzebu}/

@bfej}aye eyameoje }dl} iaolojaln lzze}z lre acwlarem jlo aojnume meilun} `r menao|ueojq bq l b`rr`xer.rez}ruj}uraoh ì l n`lo `r lmyloje bq }de J`cwloq ò }ercz }dl} }de J`cwloq xùnm o`} `}derxaze jòzamer.aomajl}aòz }dl} l b`rr`xer xann eo}er blokruw}jq. `r `}der `bzerylbne ml}l renl}aoh }` l hrùw ì lzze}z zujd lz lmyerze jdlohez ao }de wlqceo} z}l}uz ì b`rr`xerz ao }de hrùw. `r ejò`caj jòma}aòz }dl} j`rrenl}e xa}d meilun}z ao }de hrùw/

Werzer`lo ceoeo}uklo buk}a weouruolo oanla l}lzwau}loh wecbalqllo kòzuceooql zejlrl k`nek}aiklreol clolfeceo qlkao bldxl wau}loh wecbalqllokòzuceo aoa cecanaka klrlk}eraz}ak razak` krema} qlohzefeoaz/

]de J`cwloq me}ercaoez eyameoje ì acwlarceo} i`r jòzucer iaolojaoh rejeaylbnez l} l j`nnej}aye neyen bejluze }de clolheceo} benaeyez }dl} }deze jòzucer iaolojaoh rejeaylbnez dlye zacanlr jrema} razk jdlrlj}eraz}ajz/











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h/ Ameo}aiaklza mlo weohukurlo weouruolo oanla$nlofu}lo!

h/ Ameo}aiajl}aò lom celzureceo} i acwlarceo} $jò}aouem!

Mlnlc ceoheylnulza weouruolo oanla zejlrl k`nek}ai.Werzer`lo ceohhuolklo c`men z}l}az}ak mlra }reodaz}`raz l}lz wr`blbana}lz xlowrez}lza. xlk}u wecunadlokecblna mlo fucnld keruhalo qloh }erflma. qlohmazezulaklo meohlo wer}acblohlo clolfeceoceoheola lwlkld kòmaza ekò`ca mlo krema} }erkaoazemecakalo ruwl zedaohhl mlwl} ceohlkabl}klo

keruhalo lk}uln qloh fucnldoql lklo nebad bezlr l}lunebad kejan mlrawlml fucnld qloh ma}eo}uklo `ned c`mendaz}`raz/ ]aohkl} xlowrez}lza. }aohkl} keruhalo mloxlk}u qloh madlrlwklo uo}uk wecunadlo ma clzlml}loh lklo mawerblomaohklo zejlrl berklnl }erdlmlwdlzan lk}uln uo}uk ceclz}aklo ez}aclza }erzebu} clzadceclmla/

Ao lzzezzaoh j`nnej}aye acwlarceo}. }de J`cwloq uzez z}l}az}ajln c`menaoh ì daz}`rajln }reomz ì }de wr`blbana}q ì meilun}. }acaoh ì rej`yeraez lom }de lcùo} ì n`zz aojurrem. lmfuz}em i`r clolheceo}(z fumhceo} lz }` xde}der jurreo} ejò`caj lom jrema} jòma}aòz lre zujd }dl} }de lj}uln n`zzez lre nakenq }` be hrel}er `r nezz }dlo zuhhez}em bq daz}`rajln c`menaoh/ Meilun} rl}ez. n`zz

rl}ez lom }de etwej}em }acaoh ì iu}ure rej`yeraez lre rehunlrnq beojdclrkem lhlaoz} lj}uln ù}j`cez }` eozure }dl} }deq reclao lwwr`wral}e/

Ke}akl weraz}axl qloh }erflma ze}enld weouruolo oanlamalkua ceoqeblbklo keruhalo weouruolo oanlaberkurloh. keruhalo weouruolo oanla qloh zebenucoqlmalkua dlruz mawunadklo mlo wecunadlo }erzebu} malkuawlml nlw`rlo nlbl ruha/

Xdeo l zubze|ueo} eyeo} jluzez }de lcùo} ì acwlarceo} n`zz }` mejrelze. }de acwlarceo} n`zz az reyerzem }drùhd z}l}eceo} i aoj`ce/

Wau}loh wecbalqllo kòzuceo lklo madlwuzbukukloze}enld ceouohhlk nebad mlra 2<7 dlra/ Weoeracllo mlrawau}loh qloh }enld madlwuzbukuklo malkua zeblhlaweomlwl}lo nlao#nlao wlml zll} ma}eracl/

Jòzucer iaolojaoh rejeaylbnez xann be xra}}eo#ìi xdeo }deq lre `yermue i`r c`re }dlo 2<7 mlqz/ Rej`yeraez ir`c xra}}eo#ìi rejeaylbnez lre rej`hoavem lz `}der aoj`ce uwò rejeaw}/

d/ Beblo mablqlr macukl d/ Wrewlam etweozez

Beblo mablqlr macukl mabebloklo zenlcl clzlcloill} meohlo ceohhuolklo ce}`me hlraz nuruz/

Wrewlam etweozez lre lc`r}avem `yer }de wera`m ì beoeia}z uzaoh }de z}rlahd}#naoe ce}d`m/

a/ Wau}loh nlao#nlao a/ @}der rejeaylbnez Zlnld zl}u blhalo mlra wau}loh nlao#nlao ceruwlklowau}loh qloh berlzln mlra flcaolo keomlrllo canakkòzuceo uo}uk wenuolzlo wau}loh wecbalqllokòzuceo. qloh maoql}lklo zebezlr oanla }ereomld

lo}lrl oanla }erjl}l} wau}loh wecbalqllo kòzuceo}erkla} l}lu oanla relnazlza berzad mlra flcaolo keomlrllocanak kòzuceo }erzebu}/ Zenazad lo}lrl oanla }erjl}l}mlo oanla relnazlza berzad wau}loh majl}l} zeblhlaweoqazadlo keruhalo weouruolo oanla wau}loh nlao#nlaomlo mabebloklo wlml nlw`rlo nlbl ruha }lduo berflnlo/

L wlr} ì `}der rejeaylbnez rewrezeo}z }de rejeaylbnez merayaoh ir`c c`}`r yedajne j`nnl}erlnz `xoem bq juz}`cerz i`r ze}}neceo} ì }dear jòzucer iaolojaoh rejeaylbnez. xdajd az wrezeo}em l} }de n`xer ì }de

jlrrqaoh ylnue ì }de renl}em jòzucer iaolojaoh rejeaylbnez `r }de oe} relnavlbne ylnue ì }de c`}`r yedajne j`nnl}erlnz/ ]de maiiereoje be}xeeo }de jlrrqaoh ylnue lom }de oe} relnavlbne ylnue ì rejeaylbnez az rej`rmem lz lnn`xloje i`r acwlarceo} n`zzez ì `}der rejeaylbnez lom az jdlrhem }` }de jurreo} qelr z}l}eceo} ì aoj`ce/

Werzer`lo ceoeracl keomlrllo mlra kòzuceo mlocecblo}u uo}uk ceofuln keomlrllo }erzebu} zedaohhlkòzuceo mlwl} cenuolza u}loh wecbalqllokòzuceooql/

]de J`cwloq rejeayez c`}`r yedajnez ir`c juz}`cerz lom lzzaz}z }dec ao zennaoh }dear c`}`r yedajnez z` }dl} }de juz}`cerz lre lbne }` ze}}ne }dear jòzucer iaolojaoh wlqlbnez/











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a/ Wau}loh nlao#nlao $nlofu}lo! a/ @}der rejeaylbnez $jò}aouem!

Kòzuceo cecbera kulzl kewlml Werzer`lo uo}ukceofuln keomlrllo l}luwuo cenlkuklo }aomlklonlaooql mlnlc uwlql weoqenezlalo wau}loh wecbalqllokòzuceo banl }erflma xlowrez}lza }erdlmlw werflofalowecbalqllo/ Kòzuceo berdlk l}lz zenazad nebad lo}lrloanla weofulnlo meohlo zlnm` wau}loh wecbalqllokòzuceo/ Fakl }erflma zenazad kurloh. keruhalo qloh}erflma mabebloklo wlml nlw`rlo nlbl ruha }lduo

berflnlo/

]de juz}`cerz haye }de rahd} }` }de J`cwloq }` zenn }de c`}`r yedajnez `r }lke loq `}der lj}aòz }` ze}}ne }de ù}z}lomaoh jòzucer iaolojaoh rejeaylbnez ao }de eyeo}z ì meilun}/ Juz}`cerz lre eo}a}nem }` }de w`za}aye maiiereoje be}xeeo }de wr`jeemz ir`c zlne ì }de c`}`r yedajnez lom }de ù}z}lomaoh jòzucer iaolojaoh rejeaylbnez/ Ai }de maiiereoje az oehl}aye. }de rezun}aoh n`zz az jdlrhem }` }de jurreo} qelr z}l}eceo} ì aoj`ce/

f/ Aoyez}lza mlnlc zldlc f/ Aoyez}ceo} ao zdlrez

Zebenuc }lohhln < Floulra 27<7. weoqer}llo wlmlweruzldllo maclol Werzer`lo cecwuoqla werzeo}lzedlk zulrl kurloh mlra 27% majl}l} meohlo ce}`mebalql/

Zeflk }lohhln < Floulra 27<7. aoyez}lza mlnlc zldlcqloh maknlzaiaklzaklo zeblhla lze} keulohlo }erzemaluo}uk mafuln $nadl} Jl}l}lo 2j/<! majl}l} zebezlr balqlwer`nedlo ze}enld weohlkulo lxlnoql klreol }ermaramlra eiek ekua}lz }lowl dlrhl ku`}lza qloh oanlaxlflroql }amlk mlwl} maukur zejlrl dlomln/

Wra`r }` < Floulrq 27<7. aoyez}ceo}z xdere }de J`cwloq dlz lo `xoerzdaw ao}erez} nezz }dlo 27% xere rej`rmem blzem ò }de j`z} ce}d`m/

Z}lr}aoh < Floulrq 27<7. aoyez}ceo} ao zdlrez jnlzzaiaem lz lylanlbne#i`r#zlne iaolojaln lzze} $zee O`}e 2j/<! az jlrraem l} j`z} li}er a}z aoa}aln rej`hoa}aò lz a} jòzaz}z ì uo|u`}em e|ua}q zejura}aez xd`ze ilar ylnue jloo`} be renalbnq celzurem/

Mayameo klz $kejulna mayameo zldlc! qloh ma}eracl l}lzaoyez}lza mlnlc zldlc malkua zeblhla weomlwl}lo/

Jlzd mayameom $etjew} z}`jk mayameom! rejeayem ir`c aoyez}ceo} ao zdlrez az rej`hoavem lz aoj`ce/

k/ Lze} }e}lw k/ Iatem lzze}z

Lze} }e}lw. kejulna }lold. maoql}lklo zebezlr dlrhlwer`nedlo ze}enld makurloha lkucunlza weoquzu}lo/

Iatem lzze}z. etjew} nlom. lre z}l}em l} j`z} nezz ljjucunl}em mewrejal}aò/

Balql wer`nedlo ceojlkuw zecul weohenulrlo qloh}erkla} zejlrl nlohzuoh meohlo wer`nedlo lze} }e}lw/Ze}enld weohlkulo lxln. lze} }e}lw maukur meohloc`men balql/

J`z} aojnumez etweoma}urez marej}nq l}}rabu}lbne }` }de lj|uaza}aò ì iatem lzze}z/ Li}er aoa}aln rej`hoa}aò. iatem lzze}z lre rej`rmem uzaoh }de j`z} c`men/

Weoquzu}lo lze} }e}lw zenlao }lold mada}uoh meohlo

ceohhuolklo ce}`me hlraz nuruz zewlofloh ez}aclzaclzl cloill}oql zeblhla beraku}6

Mewrejal}aò ò iatem lzze}z `}der }dlo nlom az jlnjunl}em

ò }de z}rlahd}#naoe ce}d`m `yer }dear ez}acl}em uzeiun nayez lz i`nn`xz6

]lduo Qelrz

Blohuolo 27 Buanmaohz Werlb`}lo. werneohklwlo mlo werlnl}lo klo}`r 5 Iuroa}ure. iat}urez lom ìiaje e|uawceo} Keomlrllo berc`}`r 5 C`}`r yedajnez Wlr}aza mlo ao}era`r 5 Buanmaoh acwr`yeceo}z

Beblo werblaklo mlo wecenadlrllo mabebloklo kemlnlc nlw`rlo nlbl ruha zenlcl }lduo maclol beblo#beblo }erzebu} }erflma/ Weohenulrlo qlohcecwerwlofloh clzl cloill} lze} l}lu qlohcecberaklo }lcbldlo cloill} ekò`caz maklwa}lnazlza

mlo mazuzu}klo/

Rewlarz lom clao}eoloje lre jdlrhem }` }de z}l}eceo} ì aoj`ce muraoh }de qelr ao xdajd }deq lre aojurrem/Etweoma}urez }dl} et}eom }de iu}ure naie ì lzze}z `r wr`yame iur}der ejò`caj beoeia}z lre jlwa}lnavem lom mewrejal}em/











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k/ Lze} }e}lw $nlofu}lo! k/ Iatem lzze}z $jò}aouem!

Lwlbanl lze} }e}lw }amlk mahuolklo nlha l}lu mafuln.clkl oanla }erjl}l} mlo lkucunlza weoquzu}looqlmakenulrklo mlra oerljl. mlo keuo}uohlo l}lu keruhaloqloh }erflma malkua mlnlc nlw`rlo nlbl ruha }lduoberflnlo/

Xdeo iatem lzze}z lre re}arem `r mazw`zem ì. }dear jlrrqaoh ylnuez lom }de renl}em ljjucunl}em mewrejal}aò lre rec`yem ir`c }de blnloje zdee}. lom }de rezun}aoh hlaoz `r n`zzez lre rej`hoavem ao }de jurreo} qelr z}l}eceo} i aoj`ce/

Lkucunlza beblo kòz}rukza lze} }e}lw maklwa}lnazlzazeblhla lze} mlnlc weoqenezlalo/ Beblo }erzebu}

mareknlzaiaklza ke lze} }e}lw wlml zll} wr`zez kòz}rukzazenezla mlo zalw mahuolklo/ Weoquzu}lo cunlamabebloklo wlml }lohhln qloh zlcl/

]de ljjucunl}em j`z}z ì }de jòz}ruj}aò ì iatem lzze}z lre jlwa}lnavem lz jòz}ruj}aò ao wr`hrezz/

]deze j`z}z lre rejnlzzaiaem }` iatem lzze}z xdeo }de jòz}ruj}aò az j`cwne}em lom relmq i`r }dear ao}eomem uze/ Mewrejal}aò az jdlrhem ir`c zujd ml}e/

Lwlbanl oanla }erjl}l} lze} }e}lw nebad bezlr mlra oanlaqloh mlwl} mawer`ned kecblna. oanla }erjl}l} lze} }erzebu}ma}uruoklo ceoflma zebezlr oanla qloh mlwl} mawer`nedkecblna. qloh ma}eo}uklo zeblhla oanla }er}aohha lo}lrldlrhl fuln berzad mlo oanla wlkla/

Xdeo }de jlrrqaoh lcùo} ì iatem lzze}z az hrel}er }dlo a}z ez}acl}em rej`yerlbne lcùo}. a} az xra}}eo m`xo }` a}z rej`yerlbne lcùo} xdajd az me}ercaoem l} }de dahder ì oe} zennaoh wraje `r ylnue ao uze/

n/ Lze} }amlk berxufum n/ Ao}lohabne lzze}z

Lze} }amlk berxufum beruwl werlohkl} nuolk qlohmawer`ned Werzer`lo majl}l} zebezlr balql wer`nedlooqlmakurloha lkucunlza lc`r}azlza mlo lkucunlza keruhalo

weouruolo oanla/

Ao}lohabne lzze}z jòzaz} ì zì}xlre lj|uarem bq }de J`cwloq xdajd az z}l}em l} j`z} nezz ljjucunl}em lc`r}avl}aò lom ljjucunl}em acwlarceo} n`zzez/

Weohenulrlo beraku}oql l}lz werlohkl} nuolkmaklwa}lnazlza dloql fakl werlohkl} nuolk }erzebu}ceolcbld cloill} ekò`ca ma clzl qloh lklo ml}lohuo}uk lze} qloh berzlohku}lo/ Zecul weohenulrlonlaooql mabebloklo wlml zll} }erflmaoql/

Zubze|ueo} etweoma}ure ò zì}xlre lzze}z az jlwa}lnavem ònq xdeo a} aojrelzez }de iu}ure ejò`caj beoeia}z ecb`maem ao }de zwejaiaj lzze} }` xdajd a} renl}ez/ Lnn `}der etweoma}urez lre etweozem lz aojurrem/

Lc`r}azlza mabebloklo wlml nlw`rlo nlbl ruhaceohhuolklo ce}`me hlraz nuruz zewlofloh ez}aclzaclzl cloill}oql. macunla mlra }lohhln werlohkl} nuolk}erzebu} zalw uo}uk mahuolklo/ Ez}aclza clzl cloill}werlohkl} nuolk lmlnld nacl }lduo/

Lc`r}avl}aò az rej`hoavem ao }de z}l}eceo} ì aoj`ce ò l z}rlahd}#naoe ce}d`m `yer }de ez}acl}em uzeiun naie ì zì}xlre. ir`c }de ml}e }dl} a} az lylanlbne i`r uze/]de ez}acl}em uzeiun naie ì zì}xlre az iaye qelrz/

c/ Weohlkulo weomlwl}lo mlo beblo c/ Aoj`ce lom etweoze rej`hoa}aò

c/</ Weomlwl}lo wecbalqllo kòzuceo.weomlwl}lo buohl mlo beblo buohl

c/</ Jòzucer iaolojaoh aoj`ce. ao}erez} aoj`ce lom ao}erez} etweoze

Weomlwl}lo wecbalqllo kòzuceo. weomlwl}lobuohl mlo beblo buohl malkua meohloceohhuolklo ce}`me zuku buohl eiek}ai/

Weohlkulo beblo wr`yaza qloh mablqlr macuklzedubuohlo meohlo waoflclo qloh ma}eracl mlobeblo ecaza `bnahlza ma}lohhudklo mlomalc`r}azlza zenlcl flohkl xlk}u waoflclo qlohma}eracl mlo u}loh `bnahlza }erzebu} meohloceohhuolklo ce}`me zuku buohl eiek}ai$ceohhuolklo ce}`me hlraz nuruz wlml }lduo

2771 mlo 2774! mlo majl}l} zeblhla blhalo mlrabeblo buohl mlo keulohlo/

Jòzucer iaolojaoh aoj`ce. ao}erez} aoj`ce lom ao}erez} etweoze lre rej`hoavem uzaoh }de eiiej}aye ao}erez} ce}d`m/

Uwirò} ieez renl}em }` }de b`rr`xaohz lom bòmz azzuloje j`z}z lre meierrem lom lc`r}avem `yer }de }ercz ì }de renl}em b`rr`xaohz lom bòmz uzaoh }de eiiej}aye ao}erez} ce}d`m $uzaoh z}rlahd}#naoe ce}d`m ao 2771 lom 2774! lom lre rej`rmem lz wlr} ì ao}erez} etweoze lom iaolojaoh jdlrhez/











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c/ Weohlkulo weomlwl}lo mlo beblo $nlofu}lo! c/ Aoj`ce lom etweoze rej`hoa}aò $jò}aouem! c/</ Weomlwl}lo wecbalqllo kòzuceo.

weomlwl}lo buohl mlo beblo buohl$nlofu}lo!

c/</ Jòzucer iaolojaoh aoj`ce. ao}erez} aoj`ce lom ao}erez} etweozez $jò}aouem!

Zuku buohl eiek}ai lmlnld zuku buohl qlohzejlrl }ewl} ceomazkò}`klo ez}aclzawecblqlrlo mlo weoeracllo klz ma clzl ml}loh

zenlcl werkarllo ucur mlra lze} keulohlo l}lukexlfablo keulohlo $l}lu. fakl nebad }ewl}.mahuolklo wera`me qloh nebad zaohkl}! uo}ukcecwer`ned oanla }erjl}l} mlra lze} keulohlo l}lukexlfablo keulohlo/ Wlml zll} ceohda}uoh zukubuohl eiek}ai. Werzer`lo ceohez}aclza lruz klzma clzl ml}loh meohlo cecwer}acblohklozenurud werzqlrl}lo kò}rlk}uln mlnlc aoz}ruceokeulohlo }erzebu}. }e}lwa }amlkcecwer}acblohklo keruhalo ma clzl ceoml}loh/

]de eiiej}aye ao}erez} rl}e az }de rl}e }dl} etlj}nq mazjùo}z }de ez}acl}em iu}ure jlzd wlqceo}z lom rejeaw}z }drùhd }de etwej}em naie ì }de

iaolojaln lzze} `r iaolojaln nalbana}q $`r. xdere lwwr`wral}e. l zd`r}er wera`m! }` }de jlrrqaoh lcùo} ì }de iaolojaln lzze} `r iaolojaln nalbana}q/Xdeo jlnjunl}aoh }de eiiej}aye ao}erez} rl}e. }de J`cwloq ez}acl}ez iu}ure jlzd in`xz jòzameraoh lnn jò}rlj}uln }ercz ì }de iaolojaln aoz}ruceo}.bu} o`} iu}ure jrema} n`zzez/

Werda}uohlo zuku buohl eiek}ai ceojlkuw zenurudieez mlo beo}uk nlao qloh mablqlrklo l}luma}eracl qloh ceruwlklo blhalo }lk }erwazldklomlra zuku buohl eiek}ai. }erclzuk balql }rlozlkza/

]de jlnjunl}aò ì }de eiiej}aye ao}erez} rl}e aojnumez lnn ieez lom wào}z wlam `r rejeayem }dl} lre lo ao}ehrln wlr} ì }de eiiej}aye ao}erez} rl}e.aojnumaoh }rlozlj}aò j`z}z/

c/2/ Weomlwl}lo nlao#nlao c/2/ @}der aoj`ce

Weomlwl}lo lmcaoaz}rlza malkua wlml zll}werflofalo wecbalqllo kòzuceo ma}loml}lohloa/

Lmcaoaz}rl}aò aoj`ce az rej`hoavem l} }de }ace }de jòzucer iaolojaoh jò}rlj}z lre zahoem/

Weomlwl}lo meoml ke}ernlcbl}lo mlo waoln}amalkua wlml zll} meoml ke}ernlcbl}lo mlo waoln}ama}eracl/

Nl}e jdlrhez lom weoln}q aoj`ce lre rej`hoavem xdeo }de nl}e jdlrhez lom weoln}q lre rejeayem/

o/ Acblnlo kerfl o/ Ecwn qeez‑ beoeia}z

Acblnlo kerfl flohkl weomek

Acblnlo kerfl flohkl weomek malkua wlml zll} }eru}loh

kewlml klrqlxlo bermlzlrklo ce}`me lkruln/

Zd`r}#}erc ecwn`qeez‑ beoeia}z

Zd`r}#}erc ecwn`qeez‑ beoeia}z lre rej`hoavem xdeo

}deq lre `xem }` }de ecwn`qeez blzem ò lo ljjruln ce}d`m/

Acblnlo kerfl flohkl wlofloh mlo acblnlowlzjl#kerfl

Acblnlo kerfl flohkl wlofloh mlo acblnlo wlzjl#kerfl.zewer}a weozauo. uloh wezlohò. uloh weohdlrhllomlo acblnlo nlaooql. mada}uoh bermlzlrklo „Werl}urloWerzer`lo– qloh }enld zezula meohlo Uomloh#UomlohKe}eolhlkerfllo O`/ <:277: $„UU <:277:–!/

Nòh#}erc lom w`z}#ecwn`qceo} beoeia}z

Nòh#}erc lom w`z}#ecwn`qceo} beoeia}z. zujd lz weozaò. zeyerloje wlq. zeryaje wlq lom `}der beoeia}z.lre jlnjunl}em ao ljj`rmloje xa}d „J`cwloq Rehunl}aò– xdajd az ao naoe xa}d Nlbùr Nlx O`/ <:277: $„Nlx <:277:–!/











25


2 / ZUCCLRQ @I ZAHOAIAJLO] LJJ@UO]AOH W@NAJAEZ $jò}aouem!

o/ Acblnlo kerfl $nlofu}lo! o/ Ecwn qeez‑ beoeia}z $jò}aouem!

Acblnlo kerfl flohkl wlofloh mlo acblnlowlzjl#kerfl $nlofu}lo!

Nòh#}erc lom w`z}#ecwn`qceo} beoeia}z $jò}aouem!

Kexlfablo acblnlo wlzjl#kerfl qloh malkua ma oerljlmada}uoh bermlzlrklo oanla kaoa mlra ez}aclza kexlfabloacblnlo wlzjl#kerfl ma clzl mewlo qloh }acbun mlra flzl qloh }enld maberaklo `ned klrqlxlo wlml clzl kaoamlo clzl nlnu. makurloha meohlo oanla xlflr lze} berzad

mlol weozauo/ Werda}uohlo manlkuklo `ned lk}ulrazaomeweomeo meohlo ce}`me wr`fej}em#uoa}#jrema} /

]de `bnahl}aò i`r w`z}#ecwn`qceo} beoeia}z rej`hoavem ao }de blnloje zdee} az jlnjunl}em l} wrezeo} ylnue ì ez}acl}em iu}ure beoeia}z }dl} }de ecwn`qeez dlye elroem ao re}uro i`r }dear zeryajez ao }de jurreo} lom wra`r qelrz. memuj}em bq loq wnlo lzze}z/ ]de

jlnjunl}aò az weri`rcem bq lo aomeweomeo} lj}ulrq uzaoh }de wr`fej}em#uoa}#jrema} ce}d`m/

Ke}akl acblnlo wlzjl#kerfl berubld. w`rza keolaklol}lu weouruolo acblnlo zedubuohlo meohlo flzl qloh}enld maberaklo `ned klrqlxlo wlml clzl nlnumabebloklo l}lu makrema}klo ke mlnlc nlw`rlo nlbl ruhameohlo ceohhuolklo ce}`me hlraz nuruz $z}rlahd}#naoe ce}d`m ! zenlcl rl}l#rl}l zazl clzl kerfl klrqlxlodaohhl acblnlo wlzjl#kerfl ceoflma dlk klrqlxlo$yez}em !/ Acblnlo wlzjl#kerfl qloh }enld ceoflma dlkklrqlxlo malkua zeherl zeblhla beblo mlnlc nlw`rlonlbl ruha/

Xdeo }de beoeia}z ì l wnlo jdlohe. }de w`r}aò ì }de aojrelzem `r mejrelzem beoeia}z renl}aoh }` wlz} zeryajez bq ecwn`qeez az jdlrhem `r jrema}em }` }de z}l}eceo} ì aoj`ce ò l z}rlahd}#naoe ce}d`m `yer }de lyerlhe reclaoaoh zeryaje wera`m uo}an }de beoeia}z bej`ce yez}em/ ]` }de et}eo} }dl} }de beoeia}z yez} accemal}enq. }de etweoze az rej`hoavem accemal}enq ao }de z}l}eceo} ì aoj`ce/

Keuo}uohlo l}lu keruhalo lk}ulral malkua zeblhla

weomlwl}lo l}lu beblo lwlbanl lkucunlza keuo}uohlol}lu keruhalo lk}ulral berzad qloh benuc malkua wlmllkdar }lduo wenlw`rlo zebenucoql cenebada <7% mlraoanla kaoa acblnlo wlzjl#kerfl wlml }lohhln }erzebu}/Keuo}uohlo l}lu keruhalo malkua meohloceohhuolklo ce}`me hlraz nuruz zenlcl zazl clzlkerfl rl}l#rl}l klrqlxlo/ Fakl }amlk. keuo}uohlo l}lukeruhalo lk}ulral }amlk malkua/

Lj}ulraln hlaoz `r n`zzez lre rej`hoavem lz aoj`ce `r

etweoze xdeo }de oe} jucunl}aye uorej`hoavem lj}ulraln hlaoz `r n`zzez l} }de eom ì }de wreyaùz rew`r}aoh qelr etjeemem <7% ì }de wrezeo} ylnue ì }de meiaoem beoeia} `bnahl}aò l} }dl} ml}e/ ]deze hlaoz `r n`zzez lre rej`hoavem ò l z}rlahd}#naoe ce}d`m `yer }de lyerlhe reclaoaoh x`rkaoh nayez ì }de ecwn`qeez/@}derxaze. }de lj}ulraln hlaoz `r n`zzez lre o`} rej`hoavem/

Werzer`lo }enld cecanaka wr`hrlc aurlo wlz}a qlohclol Werzer`lo cecblqlr aurlo ke mlol weozauonecblhl keulohlo qloh mada}uoh bermlzlrklowerzeo}lze }er}eo}u mlra weohdlzanlo }e}lw qlohma}eracl klrqlxlo qloh zumld ceceouda kra}eral qlohma}e}lwklo Werzer`lo/ Aurlo mabebloklo ke mlnlc

nlw`rlo nlbl ruha wlml zll} }erdu}loh/

]de J`cwloq dlz l meiaoem jò}rabu}aò wr`hrlc xdere }de J`cwloq wlqz jò}rabu}aòz }` l iaolojaln aoz}a}u}aò weozaò wnlo xdajd az jlnjunl}em l} l jer}lao werjeo}lhe ì iatem aoj`ce ì ecwn`qeez xd` cee} }de J`cwloq‑z jra}eral/ ]de jò}rabu}aòz lre jdlrhem }` }de z}l}eceo} ì aoj`ce lz }deq bej`ce wlqlbne/

Kexlfablo acblnlo kerfl flohkl wlofloh nlaooql @}der nòh#}erc ecwn`qceo} beoeia}z

Werzer`lo cecberaklo acblnlo kerfl flohkl wloflohnlaooql beruwl }uoflohlo ju}a bezlr qloh ma}eo}uklozezula meohlo Werl}urlo Werzer`lo/ Werkarllo bebloacblnlo aoa mada}uoh mlo malkua zewlofloh clzl kerflklrqlxlo meohlo ceohhuolklo ce}`me qlohma}erlwklo mlnlc ceohda}uoh kexlfablo acblnlowlzjl#kerfl/ Kexlfablo aoa mada}uoh ze}alw }lduo `nedlk}ulraz aomeweomeo/

]de J`cwloq wr`yamez `}der nòh#}erc ecwn`qceo} beoeia}z ao }de i`rc ì nòh zeryaje nelye lxlrm xdajd az me}ercaoem ao j`cwnaloje xa}d }de J`cwloq‑z Rehunl}aò/ ]de etwej}em j`z}z ì }deze beoeia}z lre jlnjunl}em lom rej`hoavem `yer }de qelr ì ecwn`qceo}.uzaoh l ce}d`m xdajd az lwwnaem ao jlnjunl}aoh `bnahl}aò i`r w`z}#ecwn`qceo} beoeia}z/ ]deze `bnahl}aòz lre jlnjunl}em looulnnq bq lo aomeweomeo} lj}ulrq/











29



o/ Acblnlo kerfl $nlofu}lo! o/ Ecwn qeez‑ beoeia}z $jò}aouem!

Wezlohò wecu}uzlo kò}rlk kerfl ]ercaol}aò beoeia}z

Wezlohò wecu}uzlo kò}rlk kerfl }eru}loh ke}aklklrqlxlo madeo}aklo kò}rlk kerfloql zebenuc uzalweozauo o`rcln/ Werzer`lo ceohlkua wezlohò ke}aklWerzer`lo ceouofukklo k`ca}ceooql uo}ukcecu}uzklo kò}rlk kerfl meohlo klrqlxlobermlzlrklo zul}u reojlol i`rcln }erweraoja qloh kejan

kecuohkaolooql uo}uk mabl}lnklo/ Wezlohò qlohlklo mablqlrklo mlnlc xlk}u nebad mlra <2 bunloze}enld }lohhln oerljl mamazkò}`klo uo}ukceojercaoklo oanla kaoa/

]ercaol}aò beoeia}z lre wlqlbne xdeo }de ecwn`qceo} ì lo ecwn`qee az }ercaol}em bei`re }de o`rcln re}areceo} lhe/ ]de J`cwloq rej`hoavez }ercaol}aò beoeia}z xdeo a} mecòz}rl}ez a}z j`cca}ceo} }` }ercaol}e }de ecwn`qceo} ì ecwn`qeez ljj`rmaoh }` l me}lanem i`rcln wnlo lom }de w`zzabana}q }` xa}dmrlx }de

wnlo az rec`}e/ Beoeia}z ilnnaoh mue c`re }dlo <2 cò}dz li}er }de blnloje zdee} ml}e lre mazjùo}em }` reinej} a}z wrezeo} ylnue/

`/ U}loh bnahlza `/ Bòmz wlqlbne

@bnahlza qloh ma}erba}klo majl}l} zebezlr oanla o`caolnmakurloha zlnm` mazkò}` qloh benuc malc`r}azlza/Beblo ecaza `bnahlza zedubuohlo meohlo weoerba}lo`bnahlza malkua zeblhla mazkò}` mlo makurlohklonlohzuoh mlra dlzan ecaza `bnahlza uo}uk ceoeo}uklodlzan ecaza berzad bnahlza }erzebu}/

Bòmz azzuem lre wrezeo}em l} o`caoln ylnue oe} ì uolc`r}avem mazjùo}z/ Bòm azzuloje j`z}z ao jòoej}aò xa}d }de bòmz azzuloje lre rej`hoavem lz mazjùo}z lom marej}nq memuj}em ir`c }de wr`jeemz ì bòmz azzuloje }` me}ercaoe }de oe} wr`jeemz ì }de bòmz azzuem/

Zebenuc }lohhln < Floulra 27<7. mazkò}` malc`r}azlza

zenlcl flohkl xlk}u `bnahlza }erzebu} meohloceohhuolklo ce}`me hlraz nuruz/

Wra`r }` < Floulrq 27<7. }de mazjùo}z lre lc`r}avem

`yer }de wera`m ì }de bòmz uzaoh }de z}rlahd}#naoe ce}d`m/

Zeflk }lohhln < Floulra 27<7. u}loh `bnahlza maukurwlml balql wer`nedlo malc`r}azlza meohloceohhuolklo ce}`me zuku buohl eiek}ai ze}enldweohlkulo lxlnoql/ Mazkò}` malc`r}azlza zenlcl flohkl xlk}u `bnahlza }erzebu} meohlo ceohhuolkloce}`me zuku buohl eiek}ai $nadl} Jl}l}lo 2c/<!

Zaoje < Floulrq 27<7. bòmz wlqlbne lre celzurem l} lc`r}avem j`z} uzaoh eiiej}aye ao}erez} ce}d`m li}er aoa}aln rej`hoa}aò/ ]de mazjùo}z lre lc`r}avem `yer }de wera`m ì }de bòmz uzaoh }de eiiej}aye ao}erez} ce}d`m $zee O`}e 2c/<!/

w/ Werwlflklo w/ ]ltl}a o

Beblo wlflk }ermara mlra beblo wlflk kaoa mlo beblowlflk }lohhudlo/ Beblo wlflk malkua wlml nlw`rlo nlblruha kejulna uo}uk a}ec qloh nlohzuoh malkua ma ekua}lz.

maclol beblo wlflk qloh }erkla} meohlo a}ec }erzebu}malkua ma ekua}lz/

Aoj`ce }lt etweoze j`cwrazez jurreo} lom meierrem }lt/ Aoj`ce }lt etweoze az rej`hoavem ao }de z}l}eceo} ì aoj`ce etjew} }` }de et}eo} a} renl}ez }` a}ecz

rej`hoavem marej}nq ao zdlred`nmerz‑ e|ua}q. ao xdajd jlze a} az rej`hoavem ao zdlred`nmerz‑ e|ua}q/

Beblo wlflk kaoa lmlnld du}loh wlflk qloh ma}eo}uklobermlzlrklo nlbl keol wlflk uo}uk }lduo qlohberzlohku}lo qloh mada}uoh bermlzlrklo }lrai wlflkqloh bernlku l}lu qloh zejlrl zubz}lozaln }enld bernlkuwlml }lohhln oerljl/

Jurreo} }lt az }de etwej}em }lt wlqlbne ò }de }ltlbne aoj`ce i`r }de jurreo} qelr. uzaoh }lt rl}ez eolj}em `r zubz}lo}ayenq eolj}em l} }de blnloje zdee} ml}e/











28



w/ Werwlflklo $nlofu}lo! w/ ]ltl}aò $jò}aouem!

Werzer`lo ceoerlwklo ce}`me lze} mlo kexlfablomlnlc ceohda}uoh beblo wlflkoql/ Meohlo ce}`me aoa.lze} mlo kexlfablo wlflk }lohhudlo malkua ze}alw}lohhln wenlw`rlo zebezlr werbemllo }ecw`rer lze}mlo kexlfablo uo}uk }ufulo lkuo}loza mlo }ufulo wlflk/Ce}`me aoa fuhl ceohdlruzklo weohlkulo cloill}wlflk ma clzl lklo ml}loh. zewer}a k`cweozlza ruhaiazkln. fakl kecuohkaolo relnazlza cloill} }erzebu} ma

clzl ceoml}loh jukuw bezlr $wr`blbne !/ ]lrai wlflkqloh bernlku l}lu qloh zejlrl zubz}lozaln }enldbernlku mahuolklo mlnlc ceoeo}uklo wlflkweohdlzanlo }lohhudlo/

]de J`cwloq lm`w}z }de lzze} lom nalbana}q ce}d`m ao me}ercaoaoh a}z aoj`ce }lt etweoze/ Uomer }daz ce}d`m.meierrem }lt lzze}z lom nalbana}aez lre rej`hoavem l} eljd rew`r}aoh ml}e i`r }ecw`rlrq maiiereojez be}xeeo }de iaolojaln lom }lt blzez ì lzze}z lom nalbana}aez/ ]daz ce}d`m lnz` re|uarez }de rej`hoa}aò ì iu}ure }lt beoeia}z. zujd lz }lt n`zz jlrrqi`rxlrmz. }` }de et}eo} }dl} relnavl}aò ì zujd beoeia}z az wr`blbne/ Jurreo}nq

eolj}em `r zubz}lo}alnnq eolj}em }lt rl}ez lre uzem ao }de me}ercaol}aò ì meierrem aoj`ce }lt/

Lze} wlflk }lohhudlo malkua lwlbanl }ermlwl}kecuohkaolo bezlr bldxl fucnld nlbl iazkln wlmlclzl ml}loh lklo ceclmla uo}uk ceohk`cweozlzawerbemllo }ecw`rer qloh ceoacbunklo lze} wlflk}lohhudlo }erzebu}/

Meierrem }lt lzze}z lre rej`hoavem }` }de et}eo} }dl} a} az wr`blbne }dl} iu}ure }ltlbne wrìa} xann be lylanlbne }` j`cweozl}e }de }ecw`rlrq maiiereojez xdajd rezun}em ao zujd meierrem }lt lzze}z/

Werubldlo }erdlmlw kexlfablo werwlflklo majl}l} wlmlzll} ma}eracloql zurl} ke}e}lwlo. l}lu lwlbanlmanlkuklo keberl}lo mlol}lu blomaoh. ke}akl dlzankeberl}lo mlol}lu blomaoh zumld mawu}uzklo/

Lceomceo}z }` }ltl}aò `bnahl}aòz lre rej`rmem xdeo lo lzzezzceo} az rejeayem. `r ai lo `bfej}aò lom`r lwweln az lwwnaem. xdeo }de rezun}z ì }de `bfej}aò lom`r lwweln lre me}ercaoem/

|/ Nlbl berzad wer zldlc |/ Elroaohz wer zdlre

Nlbl wer zldlc mada}uoh meohlo cecblha nlbl berzadmeohlo fucnld rl}l#rl}l }er}acbloh fucnld necblrzldlc qloh beremlr zenlcl }lduo berflnlo/

Elroaohz wer zdlre az j`cwu}em bq mayamaoh oe} aoj`ce xa}d }de xeahd}em lyerlhe oucber ì ù}z}lomaoh zdlrez muraoh }de jurreo} qelr/

r/ ]rlozlkza meohlo wadlk qloh cecwuoqladubuohlo az}acexl

r/ ]rlozlj}a o xa}d renl}em wlr}aez

Werzer`lo cenlkuklo }rlozlkza meohlo wadlk qlohcecwuoqla dubuohlo az}acexl/ Mlnlc nlw`rlokeulohlo aoa. az}anld wadlk qloh cecwuoqla dubuohloaz}acexl zezula meohlo ke}eo}ulo Weroql}llo Z}lomlrLkuo}loza Keulohlo O`/ 8. „Weohuohklwlo Wadlk#

wadlk qloh Cecwuoqla Dubuohlo Az}acexl–/

]de J`cwloq eo}erem ao}` }rlozlj}aòz xa}d renl}em wlr}aez/ Ao }deze iaolojaln z}l}eceo}z. }de }erc renl}em wlr}aez az uzem lz meiaoem ao }de Z}l}eceo} ì Iaolojaln Ljjùo}aoh Z}lomlrmz O`/ 8. „Renl}em Wlr}q Mazjn`zurez–/

Feoaz }rlozlkza mlo zlnm` meohlo wadlk#wadlk qlohcecwuoqla dubuohlo az}acexl. blak qlohmanlkzlolklo meohlo l}luwuo }amlk manlkzlolklomeohlo zqlrl} zer}l kòmaza o`rcln qloh zlcl uo}ukwadlk qloh }amlk cecwuoqla dubuohlo az}acexl.mauohklwklo mlnlc jl}l}lo l}lz nlw`rlo keulohlo/

]de ol}ure ì }rlozlj}aòz lom blnlojez ì ljjùo}z xa}d renl}em wlr}aez. xde}der `r o`} }rlozlj}em l} o`rcln }ercz lom jòma}aòz zacanlr }` }d`ze xa}d oò#renl}em wlr}aez. lre mazjn`zem ao }de o`}ez }` }de iaolojaln z}l}eceo}z/

z/ Weoflblrlo cl}l uloh lzaoh z/ I`reaho jurreojq }rloznl}a o

]rlozlkza#}rlozlkza mlnlc cl}l uloh lzaoh maflblrkloke mlnlc Ruwald meohlo ceohhuolklo kurz qlohbernlku wlml }lohhln }rlozlkza/ Wlml }lohhln oerljl.lze} mlo kexlfablo còe}er mlnlc cl}l uloh lzaoh

maflblrklo ke mlnlc Ruwald meohlo ceohhuolklo kurzqloh bernlku wlml }lohhln oerljl/

]rlozlj}aòz meo`caol}em ao i`reaho jurreojaez lre }rloznl}em ao}` Ruwald l} }de etjdlohe rl}ez wreylanaoh l} }de ml}e ì }de }rlozlj}aò/ L} blnloje zdee} ml}e.còe}lrq lzze}z lom nalbana}aez meo`caol}em ao i`reaho

jurreojaez lre }rloznl}em ao}` Ruwald uzaoh }de etjdlohe rl}ez wreylanaoh l} blnloje zdee} ml}e/











24



z/ Weoflblrlo cl}l uloh lzaoh $nlofu}lo! z/ I`reaho jurreojq }rloznl}a o $jò}aouem!

Keuo}uohlo mlo keruhalo zenazad kurz qloh }acbun mlra}rlozlkza mlnlc cl}l uloh lzaoh mlo mlra weoflblrlolze} mlo kexlfablo còe}er mlnlc cl}l uloh lzaoh.malkua wlml nlw`rlo nlbl ruha }lduo berflnlo/

Etjdlohe hlaoz lom n`zzez lrazaoh ir`c }rlozlj}aòz ao i`reaho jurreojaez lom ir`c }de }rloznl}aò ì i`reaho jurreojq còe}lrq lzze}z lom nalbana}aez lre rej`hoavem ao }de jurreo} qelr z}l}eceo} ì aoj`ce/

Wlml }lohhln :< Mezecber 27<7. 2771 mlo 2774. kurzoanla }uklr qloh mahuolklo lmlnld kurz }eohld Reu}erz

zebezlr clzaoh#clzaoh Rw 1/7<7 $oanla weoud!.Rw 1/:15 $oanla weoud! mlo Rw <7/177 $oanla weoud!uo}uk < M`nlr Lcerakl Zerakl} $UZM!/

Lz l} :< Mejecber 27<7. 2771 lom 2774. }de etjdlohe rl}ez uzem lre Reu}erz‑ cammne rl}e ì Rw 1.7<7 $iunn

lcùo}!. Rw 1.:15 $iunn lcùo}! lom Rw <7.177 $iunn lcùo}!. rezwej}ayenq. i`r < Uoa}em Z}l}ez M`nnlr $UZM!/

}/ Aoi`rclza zehceo }/ Zehceo} aoi rcl}aò

Aoi`rclza zehceo mlnlc nlw`rlo keulohlo mazlfaklobermlzlrklo zehceo he`hrliaz/ Zebuld zehceohe`hrliaz ceoqemalklo flzl ma mlnlc naohkuohloekò`ca }er}eo}u qloh cecanaka razak` zer}l }aohkl}weohecblnalo qloh berbeml meohlo zehceo `werlzanlaooql qloh berlml mlnlc naohkuohlo ekò`ca nlao/

]de zehceo} aoi`rcl}aò ao }deze iaolojaln z}l}eceo}z az wrezeo}em blzem ò he`hrlwdajln zehceo}/L he`hrlwdajln zehceo} az eohlhem ao wr`yamaoh zeryajez xa}dao l wlr}ajunlr ejò`caj eoyaròceo} }dl} lre zubfej} }` razkz lom re}uroz }dl} lre maiiereo} ir`c }d`ze zehceo}z werl}aoh ao }der ejò`caj eoyaròceo}z/

:/ WEOHHUOLLO EZ]ACLZA MLO WER]ACBLOHLO :/ UZE @I EZ]ACL]EZ LOM FUMHECEO]Z Weohuohklwlo aoa ceruwlklo }lcbldlo l}lz wecbldlzlo}eo}loh clolfeceo razak` keulohlo $nadl} Jl}l}lo :7!/

]deze mazjn`zurez zuwwneceo} }de j`cceo}lrq ò iaolojaln razk clolheceo} $zee O`}e :7!/

l/ Zucber weo}aoh l}lz ke}amlkwlz}alo ez}aclza l/ Keq z urjez i ez}acl}aò uojer}lao}q l/</ Weoqazadlo keruhalo weouruolo oanla lze}

keulohlol/</ Lnn`xloje i`r acwlarceo} n zzez ì iaolojaln

lzze}z

Eylnulza l}lz keruhalo weouruolo oanla lze}keulohlo qloh majl}l} wlml balql wer`nedlomalc`r}azlza mafenlzklo ma Jl}l}lo 2h/

Iaolojaln lzze}z ljjùo}em i`r l} lc`r}avem j`z} lre eylnul}em i`r acwlarceo} ò l blzaz mezjrabem ao O`}e 2h/

Eylnulza weoqazadlo keruhalo weouruolo oanlazejlrl k`nek}ai ceojlkuw keruhalo krema} qlohcenekl} wlml w`r}ì`na` wau}loh wecbalqllo

kòzuceo meohlo klrlk}eraz}ak ekò`ca qlohzeruwl ke}akl }ermlwl} buk}a `bqek}ai bldxl }enld}erflma weouruolo oanla wau}loh mlnlc w`r}ì`na`}erzebu}. olcuo weouruolo oanla zejlrl aomayamubenuc mlwl} maameo}aiaklza/ Mlnlc ceoeo}uklowernuoql uo}uk cecbeo}uk weoqazadlo keruhaloweouruolo oanla zejlrl k`nek}ai. clolfeceocecwer}acblohklo ilk}`r#ilk}`r zewer}a kulna}lzkrema}. bezlroql w`r}ì`na`. kòzeo}rlza krema}.mlo ilk}`r#ilk}`r ekò`ca/ Mlnlc ceohez}aclzaweoqazadlo qloh mabu}udklo. lzucza#lzuczamabul} uo}uk ceoeo}uklo c`men keruhaloblxllo mlo uo}uk ceoeo}uklo wlrlce}er aowu}qloh mawernuklo. bermlzlrklo weohlnlclodaz}`raz mlo kelmllo ekò`ca zll} aoa/ Ke}ewl}lo

mlra weoqazadlo aoa berhlo}uoh wlml lzuczac`men mlo wlrlce}er qloh mahuolklo mlnlcweoeo}ulo weoqazadlo k`nek}ai/

J`nnej}ayenq lzzezzem acwlarceo} lnn`xloje j`yer jrema} n`zzez aodereo} ao w`r}i`na`z ì jòzucer iaolojaoh rejeaylbnez xa}d zacanlr ejò`caj

jdlrlj}eraz}ajz xdeo }dere az `bfej}aye eyameoje }` zuhhez} }dl} }deq jò}lao acwlarem rejeaylbnez. bu} }de aomayamuln acwlarem a}ecz jloo`} qe} be ameo}aiaem/ Ao lzzezzaoh }de oeem i`r j`nnej}aye lnn`xlojez. clolheceo} jòzamerz ilj}`rz zujd lz jrema} |ulna}q. w`r}i`na` zave. jrema} jòjeo}rl}aòz. lom ejò`caj ilj}`rz/ Ao `rmer }` ez}acl}e }de re|uarem lnn`xloje. lzzucw}aòz lre clme }` meiaoe }de xlq aodereo} n`zzez lre c`menem lom }` me}ercaoe }de re|uarem aowu} wlrlce}erz. blzem ò daz}`rajln etweraeoje lom jurreo} ejò`caj jòma}aòz/ ]de ljjurljq ì }de lnn`xlojez meweomz ò }de c`men lzzucw}aòz lom wlrlce}erz uzem ao me}ercaoaoh j`nnej}aye lnn`xlojez/











21

:/ WEOHHUOLLO EZ]ACLZA MLO WER]ACBLOHLO$nlofu}lo!

:/ UZE @I EZ]ACL]EZ LOM FUMHECEO]Z $jò}aouem!

l/ Zucber weo}aoh l}lz ke}amlkwlz}alo ez}aclza$nlofu}lo!

l/ Keq zùrjez i ez}acl}aò uojer}lao}q $jò}aouem!

l/2/ Weoeo}ulo oanla xlflr l/2/ Me}ercaoaoh ilar ylnuez

Mlnlc ceoeo}uklo oanla xlflr l}lz lze}keulohlo mlo kexlfablo keulohlo maclol }amlk}ermlwl} dlrhl wlzlr qloh mlwl} ma`bzerylza.Werzer`lo dlruz ceohhuolklo }ekoak weoanlalozewer}a mafenlzklo wlml Jl}l}lo 2j/9/ Uo}uk

aoz}ruceo keulohlo qloh flrlohmawermlhlohklo mlo }amlk cecanaka dlrhl qloh}rlozwlrlo. oanla xlflroql ceoflma kurloh`bqek}ai mlo klreoloql. cecbu}udklo }aohkl}wer}acblohlo $ fumhceo} ! qloh berlhlc.}erhlo}uoh wlml nakuama}lz. kòzeo}rlza.ke}amlkwlz}alo ilk}`r wlzlr. lzucza weoeo}ulodlrhl mlo razak` nlaooql qloh cecweohlrudaaoz}ruceo }er}eo}u/

]de me}ercaol}aò ì ilar ylnue i`r iaolojaln lzze}z lom nalbana}aez i`r xdajd }dere az o` `bzerylbne clrke} wraje re|uarez }de uze ì ylnul}aò }ejdoa|uez lz mezjrabem ao O`}e 2j/9/ I`r iaolojaln aoz}ruceo}z }dl} }rlme aoire|ueo}nq lom dlye na}}ne

wraje }rlozwlreojq. ilar ylnue az nezz `bfej}aye. lom re|uarez ylrqaoh mehreez ì fumhceo} meweomaoh ò na|uama}q. jòjeo}rl}aò. uojer}lao}q ì clrke} ilj}`rz. wrajaoh lzzucw}aòz lom `}der razkz liiej}aoh }de zwejaiaj aoz}ruceo}/

b/ Wer}acblohlo lkuo}loza qloh weo}aoh mlnlcceoe}lwklo kebaflklo lkuo}loza Werzer`lo

b/ Jra}ajln ljjùo}aoh fumhceo}z ao lwwnqaoh }de J`cwloq‑z ljjùo}aoh w`najaez

Wer}acblohlo lkuo}loza qloh weo}aoh mlnlcceoe}lwklo kebaflklo lkuo}loza Werzer`lo cenawu}a

weoanlalo aoz}ruceo keulohlo/

Jra}ajln ljjùo}aoh fumhceo}z clme ao lwwnqaoh }de J`cwloq‑z ljjùo}aoh w`najaez aojnume ylnul}aò ì

iaolojaln aoz}ruceo}z/

Kebaflklo lkuo}loza Werzer`lo uo}uk weohukurlo oanlaxlflr mabldlz ma Jl}l}lo 2j/9/

]de J`cwloq‑z ljjùo}aoh w`najq ò ilar ylnue celzureceo}z az mazjuzzem ao O`}e 2j/9/

Werzer`lo ceohukur oanla xlflr meohlo ceohhuolklodarlrka mlra ce}`me beraku} aoa6

]de J`cwloq celzurez ilar ylnuez uzaoh }de i`nn`xaoh daerlrjdq i ce}d`mz6

• Dlrhl ku`}lza ma wlzlr qloh lk}ai uo}uk aoz}ruceokeulohlo qloh zefeoaz/

• \u`}em clrke} wraje ao lo lj}aye clrke} i`r lo ameo}ajln aoz}ruceo}/

• ]ekoak weoanlalo bermlzlrklo aowu} qloh mlwl}ma`bzerylza/ ]erclzuk mlnlc kl}eh`ra aoa lmlnldaoz}ruceo keulohlo qloh maoanla meohloceohhuolklo dlrhl ku`}lza ma wlzlr lk}ai uo}ukaoz}ruceo qloh zefeoaz; dlrhl ku`}lza uo}ukaoz}ruceo keulohlo qloh zefeoaz ma wlzlr qlohkurloh lk}ai; l}lu }ekoak weoanlalo nlaooql maclolzenurud aowu} zahoaiaklo qloh mahuolklo mlwl}ma`bzerylza zejlrl nlohzuoh l}luwuo }amlknlohzuoh mlra ml}l qloh }erzemal ma wlzlr/

• Ylnul}aò }ejdoa|uez blzem ò `bzerylbne aowu}z/]daz jl}eh`rq aojnumez aoz}ruceo}z ylnuem uzaoh |u`}em clrke} wrajez ao lj}aye clrke}z i`r zacanlr aoz}ruceo}z; |u`}em wrajez i`r zacanlr aoz}ruceo}z ao clrke}z }dl} lre jòzamerem nezz }dlo lj}aye; `r `}der ylnul}aò }ejdoa|uez xdere lnn zahoaiajlo} aowu}z lre marej}nq `r aomarej}nq `bzerylbne ir`c clrke} ml}l/











:7

:/ WEOHHUOLLO EZ]ACLZA MLO WER]ACBLOHLO$nlofu}lo!

:/ UZE @I EZ]ACL]EZ LOM FUMHECEO]Z $jò}aouem!

b/ Wer}acblohlo lkuo}loza qloh weo}aoh mlnlcceoe}lwklo kebaflklo lkuo}loza Werzer`lo$nlofu}lo!

b/ Jra}ajln ljjùo}aoh fumhceo}z ao lwwnqaoh }de J`cwloq‑z ljjùo}aoh w`najaez $jò}aouem!

• ]ekoak weoanlalo qloh ceohhuolklo aowu} zahoaiakloqloh }amlk mlwl} ma`bzerylza/ ]erclzuk mlnlckl}eh`ra aoa lmlnld zecul aoz}ruceo keulohlomaclol }ekoak weoanlalooql ceohhuolklo aowu}qloh buklo ceruwlklo ml}l qloh mlwl}ma`bzerylza mlo aowu} qloh }amlk mlwl} ma`bzerylza

}erzebu} mlwl} cecanaka mlcwlk zahoaiaklo }erdlmlwweoanlalo aoz}ruceo keulohlo/ ]erclzuk mlnlckl}eh`ra aoa lmlnld aoz}ruceo qloh maoanlabermlzlrklo dlrhl ku`}lza uo}uk aoz}ruceo qlohzefeoaz maclol }ermlwl} weoqezulalo zahoaiakloqloh }amlk mlwl} ma`bzerylza l}lu lzucza#lzuczaqloh mawernuklo uo}uk ceojercaoklo zenazad lo}lrlaoz}ruceo keulohlo qloh mawerblomaohklo/

• Ylnul}aò }ejdoa|uez uzaoh zahoaiajlo} uo`bzerylbne aowu}z/ ]daz jl}eh`rq aojnumez lnn aoz}ruceo}z xdere }de ylnul}aò }ejdoa|ue aojnumez aowu}z o`} blzem ò `bzerylbne ml}l lom }de uo`bzerylbne aowu}z jùnm dlye l zahoaiajlo} eiiej} ò }de aoz}ruceo}(z ylnul}aò/ ]daz jl}eh`rq aojnumez aoz}ruceo}z }dl}

lre ylnuem blzem ò |u`}em wrajez i`r zacanlr aoz}ruceo}z xdere zahoaiajlo} uo`bzerylbne lmfuz}ceo}z `r lzzucw}aòz lre re|uarem }` reinej} maiiereojez be}xeeo }de aoz}ruceo}z/

Oanla xlflr mlra lze} keulohlo mlo kexlfablo keulohloqloh mawermlhlohklo ma wlzlr lk}ai mamlzlrklo wlmlku`}lza dlrhl wlzlr/ Uo}uk zenurud aoz}ruceo keulohlonlaooql. Werzer`lo ceoeo}uklo oanla xlflrceohhuolklo }ekoak weoanlalo/ ]ekoak weoanlalo}erclzuk c`men oanla }uola mlo lruz klz qloh

mamazkò}`klo. mlo werblomaohlo meohlo aoz}ruceoqloh zefeoaz maclol }ermlwl} dlrhl wlzlr qloh mlwl}ma`bzerylza/ Lzucza mlo aowu} qloh mahuolklo mlnlc}ekoak weoanlalo mlwl} }erclzuk zuku buohl beblzrazak` $razk#iree! mlo zuku buohl ljulo. jrema} zwrelm mlo ylralben nlaooql qloh mahuolklo mlnlcceohez}aclza }aohkl} mazkò}`. dlrhl `bnahlza. kurzcl}l uloh lzaoh. zer}l }aohkl} kereo}lolo mlo k`renlzadlrhl qloh madlrlwklo/ ]ufulo mlra }ekoak weoanlalolmlnld weoeo}ulo oanla xlflr qloh ceojercaoklo dlrhlmlra aoz}ruceo keulohlo wlml }lohhln wenlw`rlo qlohlklo ma}eo}uklo `ned wlrl wlr}azawlo ma wlzlr mlnlczul}u }rlozlkza qloh xlflr/

Ilar ylnuez ì iaolojaln lzze}z lom iaolojaln nalbana}aez }dl} lre }rlmem ao lj}aye clrke}z lre blzem ò |u`}em clrke} wrajez/ I`r lnn `}der iaolojaln aoz}ruceo}z. }de J`cwloq me}ercaoez ilar ylnuez uzaoh ylnul}aò }ejdoa|uez/Ylnul}aò }ejdoa|uez aojnume oe} wrezeo} ylnue lom mazjùo}em jlzd in`x c`menz. lom j`cwlrazò }` zacanlr

aoz}ruceo}z i`r xdajd clrke} `bzerylbne wrajez etaz}/Lzzucw}aòz lom aowu}z uzem ao ylnul}aò }ejdoa|uez clq aojnume razk#iree lom beojdclrk ao}erez} rl}ez.jrema} zwrelmz lom `}der wrecal uzem ao ez}acl}aoh mazjùo} rl}ez. bòm wrajez. i`reaho jurreojq etjdlohe rl}ez. lom etwej}em wraje y`nl}ana}aez lom j`rrenl}aòz/]de `bfej}aye ì ylnul}aò }ejdoa|uez az }` lrraye l} l ilar ylnue me}ercaol}aò }dl} reinej}z }de wraje ì }de iaolojaln aoz}ruceo} l} }de rew`r}aoh ml}e }dl} xùnm dlye beeo me}ercaoem bq clrke} wlr}ajawlo}z lj}aoh l} lrc‑z neoh}d/











:<

=/ KLZ MLO ZE]LRL KLZ =/ JLZD LOM JLZD E\UAYLNEO]Z

27<7 2771 2774

Klz Jlzd ò dlom

Ruwald =7.912 29.215 21.1=: Ruwald

Klz ma blok mlo ze}lrl klz Jlzd ao blokz lom jlzd e|uaylneo}z Wadlk ke}ahl ]darm wlr}aez

Klz ma blok Jlzd ao blokz

Ruwald Ruwald

W] Blok Jeo}rln Lzal ]bk <85.145 <=<.1<2 <:1.152 W] Blok Jeo}rln Lzal ]bk W] Blok Cehl ]bk <4.<4= <5.88< :9.297 W] Blok Cehl ]bk

W] Blok Oehlrl Aomòezal $Werzer ! ]bk <:.129 <<.1<7 <<.795 W] Blok Oehlrl Aomòezal $Werzer`! ]bk W] Blok Rlkql} Aomòezal $Werzer`! ]bk 9.4<: 41< <11 W] Blok Rlkql} Aomòezal $Werzer`! ]bk ]de Dòhkòh lom Zdlohdla Blokaoh ]de Dòhkòh lom Zdlohdla Blokaoh

J`rw`rl}aò N}m 5.<84 8.247 # J`rw`rl}aò N}m W] Blok Wloao ]bk :.428 <.717 # W] Blok Wloao ]bk W] Blok Wecblohuolo Mlerld 2.22= <.221 <.:7= W] Blok Wecblohuolo Mlerld W] Blok Clomara $Werzer`! ]bk <.:72 9<: =9 W] Blok Clomara $Werzer`! ]bk W] Blok Blrjnlqz Aomòezal $zebenucoql W] Blok Blrjnlqz Aomòezal $i`rcernq

W] Blok Lka}l! # 848 94: W] Blok Lka}l!Nlao#nlao $clzaoh#clzaoh ma blxld

Rw 577! 4< :9< 544 @}derz $eljd ben`x Rw 577!

228.527 <4<.4== <17.718

M`nlr Lcerakl Zerakl} Uoa}em Z}l}ez M`nnlr

W] Blok Jeo}rln Lzal ]bk W] Blok Jeo}rln Lzal ]bk

$nadl} Jl}l}lo ::! <.2=9 <.542 5.147 $zee O`}e ::!

224.899 <4:.=29 <19.788

Wadlk qloh cecwuoqla dubuohlo az}acexl Renl}em wlr}q Klz ma blok Jlzd ao blok

Ruwald Ruwald

W] Blok Mlolcò Aomòezal ]bk :=4.78< 288.249 14.<85 W] Blok Mlolcò Aomòezal ]bk

Ze}lrl klz # mew`za}` berflohkl Jlzd e|uaylneo}z # }ace mew`za} Ruwald Ruwald

W] Blok Mlolcò Aomòezal ]bk <.777 # <57.777 W] Blok Mlolcò Aomòezal ]bk

:=1.78< 288.249 2=4.<85

9<4.521 =48.778 =8=.<15

]aohkl} zuku buohl ze}lduo uo}uk klz ma blok berkazlr7.<7% # 2.25% wlml }lduo 27<7 $27716 7.<7% # <.25%;27746 7.<7% # 9.77%!/

Ao}erez} rl}e wer loouc i`r jlzd ao blokz rlohaoh ir`c 7/<7% # 2/25% ao 27<7 $27716 7/<7% # </25%; 27746 7/<7% # 9/77%!/

Flohkl xlk}u mew`za}` berflohkl berkazlr lo}lrl mul wunudmul dlra zlcwla meohlo }ahl bunlo meohlo }aohkl} zukubuohl ze}lduo berkazlr 9.77% # 8.77% wlml }lduo 27<7$27716 9.97% # <:.25%; 27746 <:.77% # <:.25%!/

]de }erc ì }ace mew`za} rlohaoh ir`c }xeo}q }x` mlqz uw }` }dree cò}dz lom elroem ao}erez} rl}e wer loouc rlohaoh ir`c 9/77% # 8/77% ao 27<7 $27716 9/97% # <:/25%; 27746 <:/77% # <:/25%!/

Rl}l#rl}l }er}acbloh }aohkl} zuku buohl eiek}ai ze}lduolmlnld <.25% wlml }lduo 27<7/

]de xeahd}em lyerlhe eiiej}aye ao}erez} rl}e wer loouc xlz </25% ao 27<7/

Nadl} Jl}l}lo 21 uo}uk raojalo zlnm` mlo }rlozlkza meohlowadlk qloh cecwuoqla dubuohlo az}acexl/

Reier }` O`}e 21 i`r me}lanz ì blnlojez lom }rlozlj}aòz xa}d renl}em wlr}aez/











:2

5/ WAU]LOH WECBALQLLO K@OZUCEO 5/ J@OZUCER IAOLOJAOH REJEAYLBNEZ

27<7 2771 2774

Wau}loh wecbalqllo kòzuceo # bru}` Jòzucer iaolojaoh rejeaylbnez # hr`zz Wadlk ke}ahl :1.=9<.8<= 25.=:5.2:= 22.9:4.7=1 ]darm wlr}aez Wadlk qloh cecwuoqla dubuohlo

az}acexl <8< # 5.9<9 Renl}em wlr}q

:1.=9<.445 25.=:5.2:= 22.9=:.995

Weomlwl}lo wecbalqllo kòzuceo qlohbenuc malkua Uoelroem jòzucer iaolojaoh aoj`ce Wadlk ke}ahl $4.479.<<4! $9.:7<.599! $5.9:9.==<! ]darm wlr}aez

Wadlk qloh cecwuoqla dubuohloaz}acexl $<4! # $:7=! Renl}em wlr}q

$4.479.<:9! $9.:7<.599! $5.9:9.8=5!

:7.955.8=1 <1.<::.994 <8.779.127

Makurloha6 Nezz6 Blhalo wau}loh wecbalqllo kòzuceo qloh

mabalqla wadlk qloh cecwuoqla W`r}aò ì jòzucer iaolojaoh rejeaylbnez

dubuohlo az}acexl # berzad $2:.1<5.472! $<9.5:7.9=<! $<5.<=1.<::! iaolojem bq l renl}em wlr}q # oe}

9.8:1.1=8 2.97:.728 <.458.848

Weoqazadlo keruhalo weouruolo oanla Lnn`xloje i`r acwlarceo} n`zzez Wadlk ke}ahl $<19.<2<! $=<.<<:! $:9.247! ]darm wlr}aez Wadlk qloh cecwuoqla dubuohlo

az}acexl # # $5:! Renl}em wlr}q

$<19.<2<! $=<.<<:! $:9.:::!

9.5=:.429 2.59<.1<= <.42<.=5=

Wlml }lohhln :< Mezecber 27<7. wau}loh wecbalqllokòzuceo bru}` }erclzuk balql }rlozlkza qloh }erkla}nlohzuoh meohlo wecberalo wecbalqllo kòzuceozebezlr Rw </5=1/4:5 $nadl} Jl}l}lo 2j/2!/

Lz ì :< Mejecber 27<7. }de hr`zz jòzucer iaolojaoh rejeaylbnez aojnume }rlozlj}aò j`z}z marej}nq l}}rabu}lbne }` }de `rahaol}aò ì jòzucer iaolojaoh ljjùo}z lcùo}em }` Rw <.5=1.4:5 $zee O`}e 2j/2!/

Lohzurlo wau}loh wecbalqllo kòzuceo # bru}` qlohlklo ma}eracl mlra kòzuceo zezula meohlo }lohhln fl}ud}ecwòql lmlnld zeblhla beraku}6

]de aoz}lnnceo}z ì jòzucer iaolojaoh rejeaylbnez # hr`zz.xdajd xann be j`nnej}em ir`c jòzucerz ao ljj`rmloje xa}d }de mue ml}ez xere lz i`nn`xz6

27<7 2771 2774

> < }lduo 22.=:5.:59 <5.2<9.4== <:.:85.5<7 > < qelr

< # 2 }lduo <<.4=4.5=9 8.=45.8:5 9.4<8.<89 < # 2 qelrz

? 2 }lduo 5.<88.14: 2.8:2.955 2.=57.181 ? 2 qelrz

Fucnld wau}loh wecbalqllo ]`}ln jòzucer iaolojaoh

kòzuceo # bru}` :1.=9<.445 25.=:5.2:= 22.9=:.995 rejeaylbnez # hr`zz

Zuku buohl eiek}ai ze}lduo uo}uk wecbalqllo kòzuceolmlnld zeblhla beraku}6

Eiiej}aye ao}erez} rl}ez wer loouc i`r jòzucer iaolojaoh xere lz i`nn`xz6

C`ban <=/8:% 2</58% <8/52% 24/75% <8/47% #28/41% Jlrz

Zeweml c`}`r 21/2:% :8/8:% :</:9% =</5=% :7/2=% #=</9<% C`}`rjqjnez

2771 277427<7











::

5/ WAU]LOH WECBALQLLO K@OZUCEO $nlofu}lo!

5/ J@OZUCER IAOLOJAOH REJEAYLBNEZ $jò}aouem!

Rl}l#rl}l }er}acbloh }aohkl} zuku buohl eiek}ai ze}lduolmlnld <=.:2% uo}uk c`ban mlo 2<.49% uo}uk zewemlc`}`r wlml }lduo 27<7/

]de xeahd}em lyerlhe eiiej}aye ao}erez} rl}e wer loouc xlz <=/:2% i`r jlrz lom 2</49% i`r c`}`rjqjnez ao 27<7/

Weohen`cw`klo wau}loh wecbalqllo kòzuceo # bru}`ceouru} fucnld dlra }uohhlklo lmlnld zeblhla beraku}6

Jnlzzaiajl}aò ì }de hr`zz jòzucer iaolojaoh rejeaylbnez blzem ò `yermue mlqz xlz lz i`nn`xz6

27<7 2771 2774

]amlk lml }uohhlklo :2.787.842 27.4<7.4:8 <8.42<.=12 O` wlz} mue <#17 dlra 9.17<.11: =.:4:.59< =.92=.884 <#17 mlqz 1<#<27 dlra <5=.<8< 89.727 95.49: 1<#<27 mlqz <2<#<47 dlra 2:8.4:4 <<8.757 12.<79 <2<#<47 mlqz

? <47 dlra 18.<7< =8.899 :1.=29 ? <47 mlqz

Wau}loh wecbalqllo kòzuceo # bru}` :1.=9<.445 25.=:5.2:= 22.9=:.995 Jòzucer iaolojaoh rejeaylbnez # hr`zz

Raojalo weomlwl}lo wecbalqllo kòzuceo qloh benucmalkua lmlnld zeblhla beraku}6

Me}lanz ì uoelroem jòzucer iaolojaoh aoj`ce xere lz i`nn`xz6

27<7 2771 2774

Mabalqla wadlk qloh cecwuoqladubuohlo az}acexl 8.=94.:28 5.925.<=< 5.<1:.4=4 Iaolojem bq l renl}em wlr}q

Wecbalqllo zeomara <.::8.471 989.=25 ==2.418 Zeni iaolojaoh

4.479.<:9 9.:7<.599 5.9:9.8=5

Werubldlo weoqazadlo keruhalo weouruolo oanla lmlnldzeblhla beraku}6

]de c`yeceo} ì }de lnn`xloje i`r acwlarceo} n`zzez xere lz i`nn`xz6

27<7 2771 2774

Zlnm` wer < Floulra Blnloje lz l} < Floulrq Wadlk ke}ahl =<.<<: :9.247 =2.95: ]darm wlr}aez Wadlk qloh cecwuoqla dubuohlo az}acexl # 5: <15 Renl}em wlr}q

=<.<<: :9.::: =2.4=4

Weoqezulalo }erdlmlw zlnm` nlbl qloh benuc

ma}eo}uklo weohhuollooql Lmfuz}ceo} }` re}laoem elroaohz # uolwwr`wral}em $nadl} Jl}l}lo :8! 4:.787 # # $zee O`}e :8!

<2=.<4: :9.::: =2.4=4

Weoqazadlo$wecunadlo! zenlcl }lduo berflnlo Lnn`xloje/$reyerzln! muraoh }de qelr Wadlk ke}a l <1:.=99 :2.8:2 29.<== ]darm wlr}aez Wadlk qloh cecwuoqla dubuohlo az}acexl # $5:! $<=2! Renl}em wlr}q

<1:.=99 :2.981 29.772

Weohdlwuzlo wau}loh Xra}}eo#ìi rejeaylbnez

Wadlk ke}ahl $<2<.524! $28.411! $:2.5<8! ]darm wlr}aez

Zlnm` wer :< Mezecber <19.<2< =<.<<: :9.::: Blnloje lz l} :< Mejecber











:=

5/ WAU]LOH WECBALQLLO K@OZUCEO $nlofu}lo!

5/ J@OZUCER IAOLOJAOH REJEAYLBNEZ $jò}aouem!

Zebenuc }lohhln < Floulra 27<7. uo}uk }ufulo kewl}udloaomuk weruzldllooql $W] Blok Mlolcò Aomòezal ]bk!}erdlmlw Werl}urlo Blok Aomòezal O`/ 49WBA2779}lohhln :7 Floulra 2779 $nadl} Jl}l}lo 2h!. clklWerzer`lo fuhl cecbeo}uk weoqazadlo keruhalo wau}lohwecbalqllo kòzuceo mlra wadlk qloh cecwuoqladubuohlo az}acexl/

Wra`r }` < Floulrq 27<7. i`r }de wurw`ze ì a}z wlreo} j`cwloq $W] Blok Mlolcò Aomòezal ]bk! j`cwnqaoh xa}d Blok Aomòezal Rehunl}aò O`/ 49WBA2779 ml}em :7 Floulrq 2779 $zee O`}e 2h!. }de J`cwloq lnz` wr`yamem lnn`xloje i`r w`zzabne n`zzez ò jòzucer iaolojaoh rejeaylbnez ir`c renl}em wlr}q/

Zeflk < Floulra 27<7. wau}loh wecbalqllo kòzuceomaeylnulza uo}uk weouruolo oanla l}lz mlzlr zewer}a qloh

mafenlzklo wlml Jl}l}lo 2h/

Z}lr}aoh < Floulrq 27<7. jòzucer iaolojaoh rejeaylbnez lre eylnul}em i`r acwlarceo} ò l blzaz mezjrabem ao O`}e 2h/

Wau}loh wecbalqllo kòzuceo qloh }enld marez}ruk}urazlzawlml }lohhln :< Mezecber 27<7 zebezlr Rw 9=/51: $27716Rw 9:/=2=; 27746 Rw =8/2=1!/

Rez}ruj}urem jòzucer iaolojaoh rejeaylbnez lz l} :< Mejecber 27<7 lcùo}aoh }` Rw 9=.51: $27716 Rw 9:.=2=; 27746 Rw =8.2=1!/

Wau}loh wecbalqllo kòzuceo wlml }lohhln :< Mezecber27<7 zebezlr Rw 57/777 $27716 Rw 2=7/777; 27746Rw <<2/1<8! mahuolklo zeblhla flcaolo l}lz waoflcloqloh ma}eracl $nadl} Jl}l}lo <2!; mlo zebezlr Rw 129/=77$27716 Rw =74/777; 27746 Rw =57/777! mahuolklo zeblhla flcaolo u}loh bnahlza $nadl} Jl}l}lo <=!/

Jòzucer iaolojaoh rejeaylbnez lz l} :< Mejecber 27<7 lcùo}aoh }` Rw 57.777 $27716 Rw 2=7.777; 27746 Rw <<2.1<8! xere uzem lz j`nnl}erln }` b`rr`xaohz $zee O`}e <2!; lom lcùo}aoh }` Rw 129.=77 $27716 Rw =74.777; 27746 Rw =57.777! xere uzem lz j`nnl}erln }` bòmz wlqlbne $zee O`}e <=!/

Zeblhla flcaolo l}lz wau}loh wecbalqllo kòzuceo qlohmaberaklo. Werzer`lo ceoeracl flcaolo mlra kòzuceo

beruwl Buk}a Wecanaklo Keomlrllo Berc`}`r $„BWKB–! l}lzkeomlrllo berc`}`r qloh mabalqla Werzer`lo/

Lz }de j`nnl}erln }` }de jòzucer iaolojaoh rejeaylbnez. }de J`cwloq rejeayez }de Jer}aiajl}ez ì @xoerzdaw $„BWKB–! ì

}de c`}`r yedajnez iaolojem bq }de J`cwloq/

Clolfeceo berweomlwl} bldxl fucnld weoqazadlokeruhalo weouruolo oanla qloh mabeo}uk jukuw uo}ukceou}uw keruhalo qloh cuohkao }acbun lkabl} }amlk}er}lhadoql wau}loh wecbalqllo kòzuceo/

Clolheceo} benaeyez }dl} }de lnn`xloje i`r acwlarceo} n`zzez az lme|ul}e }` j`yer w`zzabne n`zzez lrazaoh ir`c uoj`nnej}abne jòzucer iaolojaoh rejeaylbnez/



9/ BEBLO MABLQLR MACUKL 9/ WREWLAM ETWEOZEZ

27<7 2771 2774

Zexl 88.84< =1.=82 :1.79< Reo} Wlr}aza mlo ao}era r blohuolo zexl =5.7:2 <5.1=9 27.829 Buanmaoh acwr`yeceo}z i`r reo}ln iiajez

]uoflohlo klrqlxlo 1.4<9 9.<27 27.::: Ecwn`qeez‑ lnn`xlojez

Nlao#nlao :.<<5 :.<<8 <.59= @}derz

<:5.8== 8=.955 4<.94=











:5

8/ BEBLO ]LOHHUDLO 8/ MEIERREM JDLRHEZ 27<7 2771 2774

Wadlk ke}ahl ]darm wlr}aez

Beblo }lohhudlo # bru}` # <.14:.7:5 <.841.727 Meierrem jdlrhez # hr`zz

Makurloha6 lkucunlza lc`r}azlza # $<.778.721! $4=7.77:! Nezz6 ljjucunl}em lc`r}avl}a o

Beblo }lohhudlo # berzad # 189.779 1=1.7<8 Meierrem jdlrhez # oe}

Wadlk qloh cecwuoqla dubuohlo az}acexl Renl}em wlr}aez

Beblo }lohhudlo # bru}` # <=.:15 <=.:92 Meierrem jdlrhez # hr`zz

Makurloha6 lkucunlza lc`r}azlza # $4.<2<! $9.471! Nezz6 ljjucunl}em lc`r}avl}a o

Beblo }lohhudlo # berzad # 9.28= 8.55: Meierrem jdlrhez # oe}

# 142.247 159.587

Zebenuc < Floulra 27<7. lc`r}azlza beblo }lohhudlo qlohmajl}l} zeblhla beblo wer`nedlo wecbalqllo kòzuceozenlcl }lduo 2771 mlo 2774 clzaoh#clzaoh zebezlrRw 1=1/42< mlo Rw 844/=12; zemlohklo fucnld qloh majl}l}zeblhla weohurloh weomlwl}lo wecbalqllo kòzuceoclzaoh#clzaoh zebezlr Rw 28/779 mlo Rw <1/547 $nadl}Jl}l}lo 27 mlo 29!/

Wra`r }` < Floulrq 27<7. lc`r}avl}aò ì meierrem jdlrhez xdajd xlz rej`rmem lz lj|uaza}aò j`z} ì jòzucer iaolojaoh muraoh 2771 lom 2774 lcùo}em }` Rw 1=1.42<lom Rw 844.=12. rezwej}ayenq; xdane }de lcùo} rej`rmem lz l memuj}aò ì jòzucer iaolojaoh aoj`ce lcùo}em }` Rw 28.779 lom Rw <1.547. rezwej}ayenq $zee O`}ez 27 lom 29!/

Zeflk }lohhln < Floulra 27<7. balql }rlozlkza ma}lcbldklowlml fucnld qloh malkua wlml weohlkulo lxln wau}loh

wecbalqllo kòzuceo $nadl} Jl}l}lo 5!/

Z}lr}aoh < Floulrq 27<7. }rlozlj}aò j`z}z lre lmmem }` }de lcùo} ì jòzucer iaolojaoh rejeaylbnez rej`hoavem

aoa}alnnq $zee O`}e 5!/



4/ WAU]LOH NLAO#NLAO 4/ @]DER REJEAYLBNEZ

27<7 2771 2774

Wadlk ke}ahl ]darm wlr}aez Knlac lzurloza 8.959 :.2:< :.521 Aozurloje jnlacz Wau}loh klrqlxlo =.:21 =.129 5.184 Ecwn`qee rejeaylbnez Nlao#nlao # berzad <8.4=< <7.882 =.897 @}derz # oe}

21.429 <4.121 <=.298

Wadlk qloh cecwuoqla dubuohlo az}acexl Renl}em wlr}aez Wau}loh klrqlxlo <.58= 2.218 :.958 Ecwn`qee rejeaylbnez Buohl mew`za}` # # 8:5 Ao}erez} ir`c }ace mew`za}

<.58= 2.218 =.:12

:<.=77 2<.229 <4.951

]erclzuk mlnlc Nlao#nlao # berzad lmlnld wau}loh mlra flcaolo keomlrllo canak kòzuceo uo}uk wenuolzlo wau}lohwecbalqllo kòzuceo zebezlr Rw 4/717 $27716 Rw =/728;27746 Rw :/<<1!/

Aojnumem ao @}derz # oe} lre rejeaylbnez ir`c c`}`r yedajnez j`nnl}erln `xoem bq juz}`cerz i`r ze}}neceo} ì jòzucer iaolojaoh rejeaylbnez lcùo}em }` Rw 4.717 $27716 Rw =.728; 27746 Rw :.<<1!/











:9

4/ WAU]LOH NLAO#NLAO $nlofu}lo! 4/ @]DER REJEAYLBNEZ $jò}aouem!

Clolfeceo berweomlwl} bldxl fucnld weoqazadlo keruhaloweouruolo oanla l}lz wau}loh nlao#nlao # wadlk ke}ahl jukuwuo}uk ceou}uwa keruhalo qloh cuohkao }acbun lkabl} }amlk}er}lhadoql wau}loh nlao#nlao # wadlk ke}ahl/

Clolheceo} benaeyez }dl} lnn`xloje i`r acwlarceo} n`zzez ì `}der rejeaylbnez # }darm wlr}aez lre lme|ul}e }` j`yer w`zzabne n`zzez ir`c uoj`nnej}abne rejeaylbnez ir`c `}der rejeaylbnez # }darm wlr}aez/

Clolfeceo berweomlwl} bldxl zenurud wau}loh nlao#nlaomlwl} }er}lhad/

Clolheceo} benaeyez }dl} lnn ì `}der rejeaylbnez jlo be iunnq j`nnej}abne/



1/ AOYEZ]LZA MLNLC ZLDLC 1/ AOYEZ]CEO] AO ZDLREZ

Wlml bunlo Lwran 2771. Werzer`lo cenlkuklo aoyez}lzamlnlc zldlc wlml W] Lmarl \ulo}uc Cun}aiaoloje. wadlkqloh cecwuoqla dubuohlo az}acexl. zebezlr Rw <77.meohlo werzeo}lze kewecanaklo zebezlr <%/

Ao Lwran 2771. }de J`cwloq aoyez}em ao zdlrez ì z}`jkz ì W] Lmarl \ulo}uc Cun}aiaoloje. l renl}em wlr}q. lcùo}aoh }` Rw <77. rewrezeo}aoh <% xoerzdaw ao}erez}/

Wlml bunlo Funa 2771. wlrl wecehloh zldlc W] Lmarl\ulo}uc Cun}aiaoloje cecu}uzklo uo}uk ceoaohkl}kloc`mln ma}ecwl}klo mlo c`mln maze}`r weoud ceoflmazebezlr Rw <77/777 mlo cecblhaklo mayameo zldlczebezlr Rw :5/777/ Werzer`lo cecwer`ned mayameo zldlczebezlr Rw :57 mlo cenlkuklo weolcbldlo aoyez}lzamlnlc zldlc wlml W] Lmarl \ulo}uc Cun}aiaoloje zebezlrRw 557/

Ao Funq 2771. W] Lmarl \ulo}uc Cun}aiaoloje—z zdlred`nmerz mejamem }` aojrelze a}z azzuem lom iunnq wlam zdlrez }` Rw <77.777 lom lhreem }` mejnlre z}`jk mayameomz lcùo}aoh }` Rw :5.777/ ]de J`cwloq `b}laoem z}`jk mayameomz lcùo}aoh }` Rw :57 lom clme lo lmma}aòln aoyez}ceo} ao zdlrez ì z}`jkz ì W] Lmarl \ulo}uc Cun}aiaoloje lcùo}aoh }` Rw 557/



<7/ LZE] ]E]LW <7/ IATEM LZZE]Z

< Floulra/ Weolcbldlo/ Wenewlzlo/ Reknlzaiaklza/ :< Mezecber/

< Floulrq Lmma}aòz Mazw`zlnz Rejnlzzaiajl}aòz :< Mejecber

Dlrhl wer`nedlo Lj|uaza}aò j`z} ]lold :7.1<: # # # :7.1<: Nlom Blohuolo :2.<=< # # # :2.<=< Buanmaohz Werlb`}lo. werneohklwlo Iuroa}ure. iat}urez lom

mlo werlnl}lo klo}`r <4<.811 81.729 $5.245! 8.<<9 292.959 ìiaje e|uawceo}

Keomlrllo berc`}`r 24.<=8 <<.981 $8.<58! # :2.991 C`}`r yedajnez Wlr}aza mlo ao}era`r 22.:91 8 $<! <.998 2=.7=2 Buanmaoh acwr`yeceo}z

215.:91 17.8<2 $<2.==:! 4.84: :42.=2<

Lze} mlnlc weoqenezlalo 8.:<9 <.=98 # $4.84:! # Jòz}ruj}aò ao wr`hrezz

:72.945 12.<81 $<2.==:! # :42.=2<

Lkucunlza Ljjucunl}em weoquzu}lo mewrejal}aò Blohuolo $4.291! $<.978! # # $1.489! Buanmaohz Werlb`}lo. werneohklwlo Iuroa}ure. iat}urez lom

mlo werlnl}lo klo}`r $<<8.441! $::.:47! 5.2<1 # $<=9.757! ìiaje e|uawceo} Keomlrllo berc`}`r $<7.1<5! $5.921! :.577 # $<:.7==! C`}`r yedajnez

Wlr}aza mlo ao}era`r $27.1=5! $<.<=8! < # $22.71<! Buanmaoh acwr`yeceo}z

$<54.7<4! $=<.89:! 4.827 # $<1<.79<!

Oanla buku berzad <==.998 <1<.:97 Oe} b``k ylnue

27<7











:8

<7/ LZE] ]E]LW $nlofu}lo! <7/ IATEM LZZE]Z $jò}aouem!

< Floulra Weolcbldlo Wenewlzlo Reknlzaiaklza :< Mezecber


Dlrhl wer`nedlo Lj|uaza}aò j`z} ]lold 25.:12 # $<.875! 8.229 :7.1<: Nlom Blohuolo :1.972 <=9 $:4<! $8.229! :2.<=< Buanmaohz Werlb`}lo. werneohklwlo Iuroa}ure. iat}urez lom

mlo werlnl}lo klo}`r <99.:=8 <8.7:< $:.<9<! <.542 <4<.811 ìiaje e|uawceo} Keomlrllo berc`}`r 28.59: <.:91 $5.<=7! =.:55 24.<=8 C`}`r yedajnez

Wlr}aza mlo ao}era`r 29.552 :<2 $=.477! :75 22.:91 Buanmaoh acwr`yeceo}z

245.=59 <4.454 $<5.<48! 9.2=2 215.:91

Lze} mlnlc weoqenezlalo 2.529 <<.7:2 # $9.2=2! 8.:<9 Jòz}ruj}aò ao wr`hrezz

248.142 21.417 $<5.<48! # :72.945

Lkucunlza Ljjucunl}em weoquzu}lo mewrejal}aò Blohuolo $4.442! $<.944! 2.:7< # $4.291! Buanmaohz Werlb`}lo. werneohklwlo Iuroa}ure. iat}urez lom

mlo werlnl}lo klo}`r $12.972! $24.:2:! :.7:9 # $<<8.441! ìiaje e|uawceo} Keomlrllo berc`}`r $8.9=7! $5.212! 2.7<8 # $<7.1<5! C`}`r yedajnez

Wlr}aza mlo ao}era`r $2:.99:! $2.791! =.848 # $27.1=5! Buanmaoh acwr`yeceo}z

$<:2.848! $:8.:82! <2.<=< # $<54.7<4!

Oanla buku berzad <55.<15 <==.998 Oe} b``k ylnue

2771

< Floulra Weolcbldlo Wenewlzlo Reknlzaiaklza :< Mezecber


Dlrhl wer`nedlo Lj|uaza}aò j`z} ]lold 25.:12 # # # 25.:12 Nlom Blohuolo :1.972 # # # :1.972 Buanmaohz Werlb`}lo. werneohklwlo Iuroa}ure. iat}urez lom

mlo werlnl}lo klo}`r <:8.247 2=.12: $<.<77! 5.2== <99.:=8 ìiaje e|uawceo} Keomlrllo berc`}`r 2<.988 5.887 $4.5=<! 4.958 28.59: C`}`r yedajnez

Wlr}aza mlo ao}era`r 29.97< # $=1! # 29.552 Buanmaoh acwr`yeceo}z

257.552 :7.91: $1.917! <:.17< 245.=59

Lze} mlnlc weoqenezlalo <.112 <=.=:5 # $<:.17<! 2.529 Jòz}ruj}aò ao wr`hrezz

252.5== =5.<24 $1.917! # 248.142

Lkucunlza Ljjucunl}em weoquzu}lo mewrejal}aò Blohuolo $9.172! $<.147! # # $4.442! Buanmaohz Werlb`}lo. werneohklwlo Iuroa}ure. iat}urez lom

mlo werlnl}lo klo}`r $99.::9! $28.75:! 848 # $12.972! ìiaje e|uawceo} Keomlrllo berc`}`r $8.9<:! $=.8:1! =.8<2 # $8.9=7! C`}`r yedajnez

Wlr}aza mlo ao}era`r $27.=41! $:.22:! =1 # $2:.99:! Buanmaoh acwr`yeceo}z

$<7<.:=7! $:9.115! 5.5=4 # $<:2.848!

Oanla buku berzad <5<.27= <55.<15 Oe} b``k ylnue

2774











:4


Raojalo lze} mlnlc weoqenezlalo wlml }lohhln:< Mezecber 2771 mlo 2774 lmlnld zeblhla beraku}6

Me}lanz ì jòz}ruj}aò ao wr`hrezz lz ì :< Mejecber 2771 lom 2774 xere lz i`nn`xz6

Ez}aclza}lduo

weoqenezlalo/ Ez}acl}em

Fucnld/ j`cwne}aò Lcùo} qelr

Aoz}lnlza mlnlc weoqenezlalo 8.<7< 27<7 Aoz}lnnl}aò ao wr`hrezz Reo`ylza mlo werlnl}lo mlnlc weoqenezlalo Reo`yl}aò lom e|uawceo} ao wr`hrezz

uo}uk wecbukllo flraohlo uzldl blru 2<5 27<7 i`r oex buzaoezz oe}x`rkz

8.:<9

15%

Werjeo}lhe ì

85% # 47%

2771

Werzeo}lzeweoqenezlalo/

j`cwne}aò

Ez}aclza

}lduoweoqenezlalo/

Ez}acl}em Fucnld/ j`cwne}aò Lcùo} qelr

Reo`ylza mlo werlnl}lo mlnlc weoqenezlalo Reo`yl}aò lom e|uawceo} ao wr`hrezz

uo}uk wecbukllo flraohlo uzldl blru 2.529 2771 i`r oex buzaoezz oe}x`rkz

2774

Werzeo}lzeweoqenezlalo/

j`cwne}aò

:7% # 15%

Werjeo}lhe ì

Dlk l}lz }lold beruwl zer}aiakl} Dlk Huol Blohuolo$DHB! meohlo flohkl xlk}u clzl weohhuollo lkloberlkdar lo}lrl }lduo 27<: zlcwla meohlo }lduo 27::/Clolfeceo berweomlwl} bldxl dlk kewecanaklo l}lz}lold }erzebu} mlwl} mawerbldlrua l}lu mawerwlofloh wlmlzll} fl}ud }ecw`/

]de nlom rahd}z lre ao }de i`rc ì jer}aiajl}e ì Dlk Huol Blohuolo $DHB!. xdajd xann be mue rlohaoh ir`c 27<: }` 27::/ Clolheceo} benaeyez }dl} }de nlom rahd}z jlo be reoexem r et}eomem uwò etwarl}aò/

Raojalo keuo}uohlo l}lz wenewlzlo lze} }e}lw lmlnldzeblhla beraku}6

Me}lanz i hlao o mazw`zln i iatem lzze}z xere lz i`nn`xz6

27<7 2771 2774

Dlzan wenewlzlo lze} }e}lw :.44= 9.987 =.2:4 Wr`jeemz ir`c mazw`zln ì iatem lzze}z Oanla buku lze} }e}lw $:.82:! $5.<:5! $=.<=2! B``k ylnue ì iatem lzze}z

Keuo}uohlo l}lz wenewlzlo lze} }e}lw <9< <.5:5 19 Hlao ò mazw`zln ì iatem lzze}z

Keuo}uohlo l}lz wenewlzlo lze} }e}lw malkua zeblhlablhalo mlra „Weomlwl}lo Nlao#nlao– wlml nlw`rlo nlbl ruha/

Hlao ò mazw`zln ì iatem lzze}z az rej`hoavem lz wlr} ì „@}der Aoj`ce– ao }de z}l}eceo} i aoj`ce/

Wlml }lohhln :< Mezecber 27<7. 2771 mlo 2774. lze}}e}lw. kejulna }lold. }enld malzurlozaklo kewlmlW] Lzurloza Lmarl Maolcakl. wadlk qloh cecwuoqladubuohlo az}acexl. }erdlmlw razak` keruhalo keblklrlo.keblofarlo mlo razak` nlaooql meohlo oanla wer}lohhuohlozefucnld Rw <87/552 $27716 Rw <59/878; 27746Rw <52/988!/ Clolfeceo berweomlwl} bldxl oanla

wer}lohhuohlo }erzebu} zumld ceclmla uo}uk ceou}uwakecuohkaolo keruhalo l}lz lze} qloh mawer}lohhuohklo/

Lz l} :< Mejecber 27<7. 2771 lom 2774. iatem lzze}z.etjew} i`r nlom. xere aozurem xa}d W] Lzurloza Lmarl Maolcakl. l renl}em wlr}q. lhlaoz} n`zzez lrazaoh ir`c iare.in``m lom `}der razkz xa}d l }`}ln aozurloje j`yerlhe lcùo}aoh }` Rw <87.552 $27716 Rw <59.878; 27746 Rw <52.988!/ Clolheceo} benaeyez }dl} }de j`yerlhe az lme|ul}e }` j`yer w`zzabne n`zzez ir`c zujd razkz/











:1


]amlk lml lze} }e}lw qloh maflmaklo flcaolo wlml }lohhln:< Mezecber 27<7. 2771 mlo 2774/

]dere xere o` iatem lzze}z wnemhem lz j`nnl}erln lz l} :< Mejecber 27<7. 2771 lom 2774/

]amlk lml beblo buohl waoflclo qloh maklwa}lnazlzazeblhla lze} }e}lw wlml }lduo 27<7. 2771 mlo 2774/

]dere xere o` ao}erez} etweozez ir`c b`rr`xaohz xdajd xere jlwa}lnavem lz iatem lzze}z ao 27<7. 2771 lom 2774/

<</ LZE] NLAO#NLAO <</ @]DER LZZE]Z

27<7 2771 2774

Uloh cukl 27.1<7 <<.=:2 :8.:9< Lmyloje wlqceo}z Aoyez}lza zexl wecbalqllo # berzad <1.:97 # # Aoyez}ceo} ao iaoloje nelzez # oe} Uloh flcaolo <.948 <.2=5 <.78: Zejura}q mew`za}z

Nlao#nlao <.:79 929 22 @}derz

=:.29: <:.:7: :4.=59

<2/ WAOFLCLO QLOH MA]ERACL <2/ B@RR@XAOHZ

27<7 2771 2774

W] Blok Wloao ]bk 57.777 <57.777 # W] Blok Wloao ]bk

W] Blok Jeo}rln Lzal ]bk # 85.777 85.777 W] Blok Jeo}rln Lzal ]bk

W] Blok JACB Oalhl ]bk # # 27.4:: W] Blok JACB Oalhl ]bk

57.777 225.777 15.4::

Rl}l#rl}l }er}acbloh }aohkl} zuku buohl eiek}ai ze}lduol}lz waoflclo qloh ma}eracl lmlnld <:.77% wlml }lduo27<7/

]de xeahd}em lyerlhe eiiej}aye ao}erez} rl}e wer loouc ò b`rr`xaohz xlz <:/77% ao 27<7/

W] Blok Wloao ]bk W] Blok Wloao ]bk

Werzer`lo cecanaka ilzana}lz waoflclo c`mln kerfl mlraW] Blok Wloao ]bk meohlo bl}lz clkzacuc krema}zefucnld Rw 277/777. macunla zeflk }lohhln 21 Fuoa 2771mlo fl}ud }ecw` wlml }lohhln 21 Zew}ecber 27<</ ]aohkl}zuku buohl kò}rlk}uln ze}lduo zebezlr <:.77% wlml}lduo 27<7 mlo 2771/

]de J`cwloq dlz l x`rkaoh jlwa}ln iljana}q ir`c W] Blok Wloao ]bk xa}d l cltacuc jrema} naca} lcùo}aoh }` Rw 277.777. z}lr}aoh ò 21 Fuoe 2771 lom cl}uraoh ò 21 Zew}ecber 27<</ Jò}rlj}uln ao}erez} rl}e wer loouc xlz l} <:/77% ao 27<7 lom 2771/

Ilzana}lz waoflclo aoa maflcao meohlo wau}loh wecbalqllokòzuceo meohlo oanla zekurloh#kurlohoql zebezlr <77%mlra fucnld zlnm` waoflclo qloh ma}eracl $nadl} Jl}l}lo 5!mlo rlza` fucnld u}loh }erdlmlw fucnld ekua}lz }amlkcenebada rlza` 8.56</

]daz n`lo iljana}q az zejurem bq jòzucer iaolojaoh rejeaylbnez xa}d l caoacuc lcùo} ì <77% ì }`}ln ù}z}lomaoh b`rr`xaoh $zee O`}e 5! lom meb} }` e|ua}q rl}a` o`} }` etjeem 8/56</

Zenlcl waoflclo benuc manuolza. Werzer`lo }amlkmawerkeoloklo lo}lrl nlao. cenlkuklo weohhlbuohlouzldl l}lu ceohakl} mara zeblhla weoflcao. kejulna meohlowerze}ufulo }er}unaz }ernebad mldunu mlra W] Blok Wloao ]bk/

Muraoh }de wera`m }dl} }de n`lo az z}ann ù}z}lomaoh. }de J`cwloq az o`} lnn`xem }`. lcòh `}derz. eo}er ao}` l cerher `r lj} lz l hulrlo}`r. etjew} xa}d wra`r xra}}eo jòzeo} ir`c W] Blok Wloao ]bk/

Wlml }lohhln :< Mezecber 27<7. Werzer`lo }enldceceouda zenurud werzqlrl}lo qloh mazebu}klo mlnlcwerflofalo ilzana}lz waoflclo aoa/

Lz l} :< Mejecber 27<7. }de J`cwloq dlz j`cwnaem xa}d lnn }de re|uareceo}z ceo}aòem ao }daz n`lo iljana}q lhreeceo}/











=7

<2/ WAOFLCLO QLOH MA]ERACL $nlofu}lo! <2/ B@RR@XAOHZ $jò}aouem!

W] Blok Jeo}rln Lzal ]bk $BJL! W] Blok Jeo}rln Lzal ]bk $BJL!

Werzer`lo cecanaka ilzana}lz waoflclo c`mln kerfl qlohberzail} berunloh $rey`nyaoh ! mlra BJL meohlo bl}lzclkzacuc krema} zefucnld Rw 85/777. macunla zeflk}lohhln <= Clre} 277: mlo fl}ud }ecw` wlml }lohhln<= Clre} 27<</ ]aohkl} zuku buohl kò}rlk}uln ze}lduoberkazlr lo}lrl <7.57% # <<.77% wlml }lduo 27<7 $27716<<.57% # <=.77%; 27746 <7.57% # <=.77%!/

]de J`cwloq dlz l rey`nyaoh x`rkaoh jlwa}ln iljana}q ir`c BJL xa}d l cltacuc jrema} naca} lcùo}aoh }` Rw 85.777.z}lr}aoh ò <= Clrjd 277: lom cl}uraoh ò <= Clrjd 27<</Jò}rlj}uln ao}erez} rl}ez wer loouc rlohaoh ir`c <7/57% # <</77% ao 27<7 $27716 <</57% # <=/77%; 27746 <7/57% # <=/77%!/

Ilzana}lz waoflclo aoa maflcao meohlo wau}loh wecbalqllo

kòzuceo meohlo oanla zekurloh#kurlohoql zebezlr <27%mlra fucnld zlnm` waoflclo qloh ma}eracl $nadl} Jl}l}lo 5!/

]daz n`lo iljana}q az zejurem bq jòzucer iaolojaoh

rejeaylbnez xa}d l caoacuc lcùo} ì <27% ì }`}ln ù}z}lomaoh b`rr`xaoh $zee O`}e 5!/

Zenlcl waoflclo benuc manuolza. Werzer`lo }amlkmawerkeoloklo lo}lrl nlao. cenlkuklo aoyez}lza cenebada25% mlra c`mln maze}`r weruzldllo aoyez}ee . ceohakl} marazeblhla weoflcao l}lu cenlkuklo weohhlbuohlo uzldl.kejulna meohlo werze}ufulo }er}unaz }ernebad mldunu mlraBJL/

Muraoh }de qelr }dl} }de n`lo az z}ann ù}z}lomaoh. }de J`cwloq az o`} lnn`xem }`. lcòh `}derz. clke lo aoyez}ceo} etjeemaoh 25% ì }de wlam#uw jlwa}ln ì }de aoyez}ee. lj} lz l hulrlo}`r `r eo}er ao}` l cerher. etjew} xa}d wra`r xra}}eo jòzeo} ir`c BJL/

Wlml }lohhln :< Mezecber 27<7. Werzer`lo }enldceceouda zenurud werzqlrl}lo qloh mazebu}klo mlnlcwerflofalo ilzana}lz waoflclo aoa/

Lz l} :< Mejecber 27<7. }de J`cwloq dlz j`cwnaem xa}d lnn }de re|uareceo}z ceo}aòem ao }daz n`lo iljana}q lhreeceo}/

W] Blok JACB Oalhl ]bk W] Blok JACB Oalhl ]bk

W] Blok Naww` ]bk }enld ceoflma W] Blok JACB Oalhl]bk. ze}enld manlkuklo weohhlbuohlo uzldl meohloW] Blok Oalhl ]bk wlml bunlo O`wecber 2774/

W] Blok Naww` ]bk dlz bej`ce W] Blok JACB Oalhl ]bk.li}er beaoh cerhem xa}d W] Blok Oalhl ]bk ao O`yecber 2774/

Werzer`lo cecanaka ilzana}lz waoflclo c`mln kerfl mlraW] Blok JACB Oalhl ]bk meohlo bl}lz clkzacuc krema}zefucnld Rw <57/777. macunla zeflk }lohhln <5 Webrulra2779 mlo fl}ud }ecw` wlml }lohhln <5 Cea 2771/ ]aohkl}zuku buohl kò}rlk}uln ze}lduo berkazlr lo}lrl <=.77% #<=.8:% wlml }lduo 2771 $27746 <2.<1% # <5.85%!/

]de J`cwloq dlz l x`rkaoh jlwa}ln iljana}q ir`c W] Blok JACB Oalhl ]bk xa}d l cltacuc jrema} naca} lcùo}aoh }` Rw <57.777. z}lr}aoh ò <5 Iebrulrq 2779 lom cl}uraoh ò <5 Clq 2771/ Jò}rlj}uln ao}erez} rl}ez wer loouc rlohaoh ir`c <=/77% # <=/8:% ao 2771 $27746 <2/<1% # <5/85%!/

Ilzana}lz waoflclo aoa maflcao meohlo wau}loh wecbalqllokòzuceo meohlo oanla zekurloh#kurlohoql zebezlr <<7%mlra fucnld zlnm` waoflclo qloh ma}eracl $nadl} Jl}l}lo 5!/

]daz n`lo iljana}q az zejurem bq jòzucer iaolojaoh rejeaylbnez xa}d l caoacuc lcùo} ì <<7% ì }`}ln ù}z}lomaoh b`rr`xaoh $zee O`}e 5!/

Zenlcl waoflclo benuc manuolza. Werzer`lo }amlkmawerkeoloklo lo}lrl nlao. cenlkuklo weohhlbuohlouzldl. ceohlmlklo aoyez}lza mlnlc zldlc wlmlweruzldllo nlao. ceohakl} mara zeblhla weoflcao l}lucecbublrklo Werzer`lo. kejulna meohlo werze}ufulo}er}unaz }ernebad mldunu mlra W] Blok JACB Oalhl ]bk/

Muraoh }de wera`m }dl} }de n`lo az z}ann ù}z}lomaoh. }de J`cwloq az o`} lnn`xem }`. lcòh `}derz. eo}er ao}` l cerher. aoyez} ao `}der j`cwloaez. lj} lz l hulrlo}`r `r na|uaml}e }de J`cwloq. etjew} xa}d wra`r xra}}eo jòzeo} ir`c W] Blok JACB Oalhl ]bk/

Wlml }lohhln <5 Cea 2771. Werzer`lo }enld cenuolzazenurud zlnm` w`k`k waoflclo wlml W] Blok JACB Oalhl]bk/

@o <5 Clq 2771. }de J`cwloq dlz iunnq wlam }de ù}z}lomaoh wraojawln n`lo blnloje ir`c W] Blok JACB Oalhl ]bk/











=<

<:/ BEBLO QLOH CLZAD DLRUZ MABLQLR <:/ LJJRUEM ETWEOZEZ

27<7 2771 2774

Wadlk ke}ahl ]darm wlr}aez Kezefld}erllo klrqlxlo 2<5.742 <=4.942 <2=.::1 Ecwn`qeez( xenilre Wer`nedlo wecbalqllo kòzuceo <91.42: 45.279 11.:4= Lj|uaza}aò j`z} ì jòzucer iaolojaoh Acblnlo wlzjl#kerfl $nadl} Jl}l}lo 24l! 45.1:5 97.84< =4.811 W`z}#ecwn`qceo} beoeia}z $zee O`}e 24l!Wr`c`za 84.428 21.2:2 5.<5< Wr`c`}aò Buohl :9.<8= 4.19: 9.112 Ao}erez} Nlao#nlao 24.557 <4.549 <=.742 @}derz

9<=.:1< :5<.=57 214.8=8

Wadlk qloh cecwuoqla dubuohlo az}acexl Renl}em wlr}q

Buohl :.415 2.=72 <:4 Ao}erez}

9<4.249 :5:.452 214.445

Nadl} Jl}l}lo 21 uo}uk raojalo zlnm` mlo }rlozlkza meohlowadlk qloh cecanaka dubuohlo az}acexl/


<=/ U]LOH @BNAHLZA <=/ B@OMZ WLQLBNE

27<7 2771 2774

Oanla o`caoln6 O`caoln ylnue6 @bnahlza AA Bòmz AA

Wadlk ke}ahl 17.777 <85.777 8:5.777 ]darm wlr}aez

Wadlk qloh cecwuoqla dubuohlo az}acexl # 5.777 <5.777 Renl}em wlr}q

17.777 <47.777 857.777

@bnahlza AAA Bòmz AAA

Wadlk ke}ahl :::.777 :81.777 # ]darm wlr}aez Wadlk qloh cecwuoqla dubuohlo az}acexl <2<.777 <2<.777 # Renl}em wlr}q

=5=.777 577.777 #

@bnahlza AY Bòmz AY

Wadlk ke}ahl <.177.777 # # ]darm wlr}aez Wadlk qloh cecwuoqla dubuohlo az}acexl <77.777 # # Renl}em wlr}q

2.777.777 # #

Makurloha6 Nezz6

Beblo ecaza qloh benuc malc`r}azlza $4.894! $:.<=9! $158! Uolc`r}avem bòmz azzuloje j`z}z

Fucnld # berzad 2.5:5.2:2 989.45= 8=1.7=: ]`}ln # oe}

Makurloha6 Nezz6

Blhalo qloh fl}ud }ecw` mlnlc xlk}u

zl}u }lduo $<=7.445! $<:5.4<4! $591.571! Jurreo} w`r}aò

Blhalo qloh fl}ud }ecw` nebad mlra

zl}u }lduo 2.:1=.:=8 5=<.7:9 <81.5:= Oò#jurreo} w`r}aò

Lc`r}azlza beblo ecaza bnahlza qloh Lc`r}avl}aò i bòmz azzuloje j`z}z

mabebloklo ke nlw`rlo nlbl ruha jdlrhem }` }de z}l}eceo}z ì aoj`ce

$nadl} Jl}l}lo 25! 2.7=: <.457 <.151 $zee O`}e 25!











=2

<=/ U]LOH @BNAHLZA $nlofu}lo! <=/ B@OMZ WLQLBNE $jò}aouem!

@bnahlza Lmarl Maolcakl Cun}a Iaoloje A ]lduo 277: Lmarl Maolcakl Cun}a Iaoloje Bòmz A Qelr 277: @bnahlza Bòmz

Oanla o`caoln O`caoln ylnue

]aohkl} buohl }e}lw Iatem ao}erez} rl}e

Fl}ud }ecw` Mue ml}e

Jajanlo w`k`k bnahlza Bòmz wraojawln aoz}lnnceo}

Zera Zeraln L Rw 9:.777 <=/<25% 9 Cea Clq 2774 ]raxunlo zeflk }raxunlo ke#<: \ulr}ernq ir`c <: }d |ulr}er

Zera Zeraln B Rw =:8.777 <=/<25% 9 Cea Clq 2774 Wecblqlrlo weoud wlml zll} fl}ud

}ecw Bunne} wlqceo} o mue ml}e Wlml }lohhln 2: Lwran 277:. Werzer`lo }enld cecwer`nedweroql}llo eiek}ai mlra Blmlo Weohlxlz Wlzlr C`mln$Blwewlc! cenlnua zurl} O`/ Z#4:1WC277: mlnlc rlohklWeolxlrlo Ucuc @bnahlza Lmarl Maolcakl Cun}a Iaoloje A]lduo 277: $@bnahlza A! meohlo oanla o`caoln zebezlr Rw577/777 }erblha l}lz Zera L mlo Zera B qloh majl}l}klo maBurzl Eiek Zurlblql $zeklrloh berolcl Burzl EiekAomòezal. nadl} Jl}l}lo <b! wlml }lohhln 4 Cea 277:/ Xlnalclol} zedubuohlo meohlo weolxlrlo ucuc @bnahlza Aaoa lmlnld W] Blok Wercl}l ]bk/

@o 2: Lwran 277:. }de J`cwloq rejeayem }de eiiej}aye o`}aiajl}aò ir`c }de Jlwa}ln Clrke} Zuweryaz`rq B`lrm $Blwewlc! }drùhd a}z ne}}er O`/ Z#4:1WC277: ao jòfuoj}aò xa}d }de Bòmz Wubnaj @iieraoh ì Lmarl Maolcakl Cun}a Iaoloje A Qelr 277: $Bòmz A! xa}d l o`caoln ylnue ì Rw 577.777 lom jòzaz}aoh ì Zeraln Llom Zeraln B xdajd xere naz}em l} Zurlblql Z}`jk Etjdlohe $o`x olcenq Aomòezal Z}`jk Etjdlohe. zee O`}e <b! ò 4 Clq 277:/ W] Blok Wercl}l ]bk az }de }ruz}ee ao jòoej}aò xa}d }de wubnaj ìieraoh ì Bòmz A/

Wecblqlrlo buohl @bnahlza A mablqlrklo ze}alw }ahl bunlozeklna meohlo wecblqlrlo wer}lcl wlml }lohhln 9Lhuz}uz 277: mlo }erlkdar wlml }lohhln 9 Cea 2774 qloh}enld manlkuklo berzlcllo meohlo wenuolzlo w`k`k

clzaoh#clzaoh zera @bnahlza A/ Mlnlc werflofalowerxlnalclol}lo fuhl mal}ur beberlwl wecbl}lzlo qlohdlruz maweouda `ned Werzer`lo. lo}lrl nlao cecberaklo flcaolo iamuzal beruwl wau}loh wecbalqllo kòzuceozebezlr Rw =52/857 wlml }lohhln :< Mezecber 2778 mlorlza` fucnld waoflclo }erdlmlw ekua}lz }amlk cenebada rlza`8.56</ Zenlao a}u. zenlcl w`k`k `bnahlza benuc manuolza.Werzer`lo }amlk mawerkeoloklo. lo}lrl nlao cecblhamayameo zenlcl Werzer`lo nlnla mlnlc cecblqlr fucnld}eru}loh `bnahlza. cenlkuklo weohhlbuohlo uzldl zer}lceofuln l}lu ceohlnadklo nebad mlra =7% lze} Werzer`loqloh buklo wau}loh wecbalqllo kòzuceo/

Ao}erez} ò Bòmz A az wlam ò l |ulr}ernq blzaz xa}d }de iarz} wlqceo} ò 9 Luhuz} 277: lom }de nlz} wlqceo} ò 9 Clq 2774 xdajd xann be mòe }`he}der xa}d wlqceo} ì wraojawln ì eljd zeraln ì }de bòmz/ ]de }ruz}ee lhreeceo}

wr`yamez zeyerln oehl}aye j`yeolo}z }` }de J`cwloq.lcòh `}derz. j`nnl}erln xa}d iamujalrq }rlozier ì jòzucer iaolojaoh rejeaylbnez lcùo}aoh }` Rw =52.857 lz l} :< Mejecber 2778. rezwej}ayenq. lom meb} }` e|ua}q rl}a` l} }de cltacuc ì 8/56</ C`re`yer. muraoh }de qelr }dl} }de bòmz wraojawlnz lre z}ann wlqlbne. }de J`cwloq az o`} lnn`xem }`. lcòh `}derz. mejnlre mayameomz ao }de eyeo} }dl} }de J`cwloq meilun}z ò a}z bòmz `bnahl}aòz. cerhe lom zenn `r lzzaho c`re }dlo =7% ì }de J`cwloq‑z oò jòzucer iaolojaoh rejeaylbnez/

Werzer`lo mlwl} cenlkuklo wecbenalo kecblna $buq bljk !uo}uk zeblhalo l}lu zenurud `bnahlza qloh ma}erba}klo

meohlo ke}eo}ulo bldxl dln }erzebu} dloql mlwl}manlkzlolklo ze}enld unloh }lduo wer}lcl zeflk }lohhlnecaza/

]de J`cwloq jlo buq bljk wlr} `r lnn ì }de bòmz azzuem uomer l jòma}aò }dl} zujd lj}aò jlo ònq be jòmuj}em

li}er }de iarz} looayerzlrq zaoje }de azzuloje ml}e/

Werzer`lo cenuolza zenurud zazl u}loh w`k`k @bnahlza Azebezlr Rw =52/857 wlml }lohhln 9 Cea 2774/

]de J`cwloq iunnq wlam }de ù}z}lomaoh wraojawln ì Bòmz A lcùo}em }` Rw =52.857 ò 9 Clq 2774/











=:


@bnahlza Lmarl Maolcakl Cun}a Iaoloje AA ]lduo 2779 Lmarl Maolcakl Cun}a Iaoloje Bòmz AA Qelr 2779

Wlml }lohhln 2= Cea 2779. Werzer`lo }enld cecwer nedweroql}llo eiek}ai mlra Blwewlc cenlnua zurl}O`/ Z#<:8BN2779 mlnlc rlohkl Weolxlrlo Ucuc @bnahlzaLmarl Maolcakl Cun}a Iaoloje AA ]lduo 2779 $@bnahlza AA!meohlo oanla o`caoln zebezlr Rw 857/777 }erblha l}lz ZeraL. Zera B mlo Zera J qloh majl}l}klo ma Burzl Eiek Zurlblql$zeklrloh berolcl Burzl Eiek Aomòezal. nadl} Jl}l}lo <b!wlml }lohhln 4 Fuoa 2779/ Xlna lclol} zedubuohlo meohloweolxlrlo ucuc @bnahlza AA aoa lmlnld W] Blok Wercl}l]bk/

@o 2= Clq 2779. }de J`cwloq rejeayem }de eiiej}aye o`}aiajl}aò ir`c Blwewlc blzem ò a}z ne}}er O`/ Z#<:8BN2779 ao jòfuoj}aò xa}d }de Wubnaj @iieraoh ì Lmarl Maolcakl Cun}a Iaoloje Bòmz AA Qelr 2779 $Bòmz AA! xa}d l o`caoln ylnue ì Rw 857.777 lom jòzaz}aoh ì Zeraln L. Zeraln B lom Zeraln J xdajd xere naz}em l} Zurlblql Z}`jk Etjdlohe $o`x olcenq Aomòezal Z}`jk Etjdlohe. zee O`}e <b! ò 4 Fuoe 2779/ W] Blok Wercl}l ]bk az }de }ruz}ee ao jòoej}aò xa}d }de wubnaj ìieraoh ì Bòmz AA/

Wecblqlrlo buohl @bnahlza AA mablqlrklo ze}alw }ahl bunlozeklna meohlo wecblqlrlo wer}lcl wlml }lohhln4 Zew}ecber 2779 mlo }erlkdar manlkuklo berzlcllo meohlo

wenuolzlo w`k`k clzaoh#clzaoh zera @bnahlza AA/ Mlnlcwerflofalo werxlnalclol}lo fuhl mal}ur beberlwl wecbl}lzloqloh dlruz maweouda ned Werzer`lo. lo}lrl nlao cecberaklo flcaolo iamuzal beruwl wau}loh wecbalqllo kòzuceozebezlr Rw 5=/777 wlml }lohhln :< Mezecber 27<7 $27716Rw <74/777; 27746 Rw =57/777! $nadl} Jl}l}lo 5! mlo rlza` fucnld waoflclo }erdlmlw ekua}lz }amlk cenebada rlza` 8.56</Zenlao a}u. zenlcl w`k`k `bnahlza benuc manuolza. Werzer`lo}amlk mawerkeoloklo. lo}lrl nlao cecblha mayameo zenlclWerzer`lo nlnla mlnlc cecblqlr fucnld }eru}loh `bnahlza.cenlkuklo weohhlbuohlo uzldl zer}l ceofuln l}luceohlnadklo nebad mlra =7% lze} Werzer`lo qloh buklowau}loh wecbalqllo kòzuceo/

Ao}erez} ò Bòmz AA az wlam ò l |ulr}ernq blzaz xa}d }de iarz} wlqceo} ò 4 Zew}ecber 2779 lom }de nlz} wlqceo} }`he}der xa}d wlqceo} ì wraojawln ì eljd zeraln ì }de

Bòmz AA/ ]de }ruz}ee lhreeceo} wr`yamez zeyerln oehl}aye j`yeolo}z }` }de J`cwloq. lcòh `}derz. j`nnl}erln xa}d iamujalrq }rlozier ì jòzucer iaolojaoh rejeaylbnez lcùo}aoh }` Rw 5=.777 l} :< Mejecber 27<7 $27716 Rw <74.777; 27746 Rw =57.777! $zee O`}e 5! lom meb} }` e|ua}q rl}a` o`} }` etjeem 8/56</ C`re`yer. muraoh }de qelr }dl} }de bòmz wraojawlnz lre z}ann wlqlbne. }de J`cwloq az o`} lnn`xem }`. lcòh `}derz. mejnlre mayameomz ao }de eyeo} }dl} }de J`cwloq meilun}z ò a}z bòmz `bnahl}aòz.cerhe lom zenn `r lzzaho c`re }dlo =7% ì }de J`cwloq‑z oò#jòzucer iaolojaoh rejeaylbnez/

Wlml }lohhln :< Mezecber 27<7. Werzer`lo }enld

cenlkuklo wecblqlrlo buohl `bnahlza zezula meohlo fl}ud }ecw` qloh }enld ma}e}lwklo mlnlc werflofalowerxlnalclol}lo mlo }enld ceceouda zenurud werzqlrl}loqloh mazebu}klo mlnlc werflofalo werxlnalclol}lo/

Lz l} :< Mejecber 27<7. }de J`cwloq dlm wlam }de bòmz

ao}erez} ò zjdemune lz z}l}em ao }de }ruz}ee lhreeceo} lom j`cwnaem xa}d lnn }de re|uareceo}z ceo}aòem ao }ruz}ee lhreeceo}/

Werzer`lo mlwl} cenlkuklo wecbenalo kecblna $buq bljk!uo}uk zeblhalo l}lu zenurud `bnahlza qloh ma}erba}klo meohloke}eo}ulo bldxl dln }erzebu} dloql mlwl} manlkzlolkloze}enld unloh }lduo wer}lcl zeflk }lohhln ecaza/

]de J`cwloq jlo buq bljk wlr} `r lnn ì }de bòmz azzuem uomer l jòma}aò }dl} zujd lj}aò jlo ònq be jòmuj}em li}er }de iarz} looayerzlrq zaoje }de azzuloje ml}e/

Wlml }lohhln :< Mezecber 27<7. @bnahlza AA ceomlwl}weraohkl} amLL mlra W] Weceraohkl} Eiek Aomòezal$Weiaom`!/

Lz l} :< Mejecber 27<7. Bòmz AA az rl}em l} am LL bq W] Weceraohkl} Eiek Aomòezal $Weiaom`!/

Werzer`lo cenuolza zenurud u}loh w`k`k @bnahlza AA Zera L

mlo Zera B clzaoh#clzaoh wlml }lohhln 4 Fuoa 2771 mlo27<7/

]de J`cwloq iunnq wlam }de ù}z}lomaoh wraojawln ì Bòmz

AA Zeraln L lom Zeraln B ò 4 Fuoe 2771 lom 27<7.rezwej}ayenq/

@bnahlza Bòmz





Zera Zeraln L Rw 587.777 <=/=7% 4 Fuoa Fuoe 2771 Wecblqlrlo weoud wlml zll} fl}ud}ecw` Bunne} wlqceo} ò mue ml}e

Zera Zeraln B Rw 17.777 <=/57% 4 Fuoa Fuoe 27<7 Wecblqlrlo weoud wlml zll} fl}ud

}ecw` Bunne} wlqceo} ò mue ml}e Zera Zeraln J Rw 17.777 <=/97% 4 Fuoa Fuoe 27<< Wecblqlrlo weoud wlml zll} fl}ud

}ecw` Bunne} wlqceo} ò mue ml}e











==


@bnahlza Lmarl Maolcakl Cun}a Iaoloje AAA ]lduo 2771 Lmarl Maolcakl Cun}a Iaoloje Bòmz AAA Qelr 2771

@bnahlza Bòmz





Zera Zeraln L Rw =9.777 <2/55% <4 Cea Clq 27<7 Wecblqlrlo weoud wlml zll} fl}ud}ecw` Bunne} wlqceo} o mue ml}e

Zera Zeraln B Rw 5<.777 <:/55% <: Cea Clq 27<< Wecblqlrlo weoud wlml zll} fl}ud

}ecw` Bunne} wlqceo} o mue ml}e Zera Zeraln J Rw =7:.777 <=/97% <: Cea Clq 27<2 Wecblqlrlo weoud wlml zll} fl}ud

}ecw` Bunne} wlqceo} o mue ml}e

Wlml }lohhln = Cea 2771. Werzer`lo }enld cecwer nedweroql}llo eiek}ai mlra Blwewlc#NK cenlnua zurl}O`/ Z#:=45BN2771 mlnlc rlohkl Weolxlrlo Ucuc@bnahlza Lmarl Maolcakl Cun}a Iaoloje AAA ]lduo 2771$@bnahlza AAA! meohlo oanla o`caoln zebezlr Rw 577/777}erblha l}lz Zera L. Zera B mlo Zera J qloh majl}l}klo maBurzl Eiek Aomòezal wlml }lohhln <= Cea 2771/ Xlna lclol}zedubuohlo meohlo weolxlrlo ucuc @bnahlza AAA aoa lmlnldW] Blok Oehlrl Aomòezal $Werzer`! ]bk/

@o = Clq 2771. }de J`cwloq rejeayem }de eiiej}aye o`}aiajl}aò ir`c Blwewlc#NK blzem ò a}z ne}}er O`/ Z#:=45BN2771 ao jòfuoj}aò xa}d }de Wubnaj @iieraoh ì Lmarl Maolcakl Cun}a Iaoloje Bòmz AAA Qelr 2771 $Bòmz AAA! xa}d l o`caoln ylnue ì Rw 577.777 lom jòzaz}aoh ì Zeraln L. Zeraln B lom Zeraln J xdajd xere naz}em l} Aomòezal Z}`jk Etjdlohe ò <= Clq 2771/W] Blok Oehlrl Aomòezal $Werzer`! ]bk az }de }ruz}ee ao jòoej}aò xa}d }de wubnaj ìieraoh ì Bòmz AAA/

Wecblqlrlo buohl @bnahlza AAA mablqlrklo ze}alw }ahl bunlozeklna meohlo wecblqlrlo wer}lcl wlml }lohhln <: Lhuz}uz2771 mlo }erlkdar manlkuklo berzlcllo meohlo wenuolzlow`k`k clzaoh#clzaoh zera @bnahlza AAA/ Mlnlc werflofalo

werxlnalclol}lo fuhl mal}ur beberlwl wecbl}lzlo qlohdlruz maweouda ned Werzer`lo. lo}lrl nlao cecberaklo flcaolo iamuzal beruwl wau}loh wecbalqllo kòzuceozebezlr Rw 282/=77 wlml }lohhln :< Mezecber 27<7 $27716Rw :77/777! $nadl} Jl}l}lo 5! mlo rlza` fucnld waoflclo}erdlmlw ekua}lz }amlk cenebada rlza` <76</ Zenlao a}u. zenlclw`k`k `bnahlza benuc manuolza. Werzer`lo }amlk mawerkeoloklo.lo}lrl nlao cecblha mayameo zenlcl Werzer`lo nlnla mlnlccecblqlr fucnld }eru}loh `bnahlza. cenlkukloweohhlbuohlo uzldl zer}l ceofuln l}lu ceohlnadklo nebadmlra =7% lze} Werzer`lo qloh buklo wau}loh wecbalqllokòzuceo/

Ao}erez} ò Bòmz AAA az wlam ò l |ulr}ernq blzaz xa}d }de iarz} wlqceo} ò <: Luhuz} 2771 lom }de nlz} wlqceo} }`he}der xa}d wlqceo} ì wraojawln ì eljd zeraln ì }de Bòmz AAA/ ]de }ruz}ee lhreeceo} wr`yamez zeyerln oehl}aye

j`yeolo}z }` }de J`cwloq. lcòh `}derz. j`nnl}erln xa}d iamujalrq }rlozier ì jòzucer iaolojaoh rejeaylbnez lcùo}aoh }` Rw 282.=77 l} :< Mejecber 27<7 $27716 Rw :77.777! $zee O`}e 5! lom meb} }` e|ua}q rl}a` o`} }` etjeem <76</ C`re`yer. muraoh }de qelr }dl} }de bòmz wraojawlnz lre z}ann wlqlbne. }de J`cwloq az o`} lnn`xem }`.lcòh `}derz. mejnlre mayameomz ao }de eyeo} }dl} }de J`cwloq meilun}z ò a}z bòmz `bnahl}aòz. cerhe lom zenn `r lzzaho c`re }dlo =7% ì }de J`cwloq‑z oò#jòzucer iaolojaoh rejeaylbnez/

Wlml }lohhln :< Mezecber 27<7. Werzer`lo }enldcenlkuklo wecblqlrlo buohl bnahlza zezula meohlo fl}ud

}ecw` qloh }enld ma}e}lwklo mlnlc werflofalowerxlnalclol}lo mlo }enld ceceouda zenurud werzqlrl}loqloh mazebu}klo mlnlc werflofalo werxlnalclol}lo/

Lz l} :< Mejecber 27<7. }de J`cwloq dlm wlam }de bòmz ao}erez} ò zjdemune lz z}l}em ao }de }ruz}ee

lhreeceo} lom j`cwnaem xa}d lnn }de re|uareceo}z ceo}aòem ao }ruz}ee lhreeceo}/


]de J`cwloq jlo buq bljk wlr} `r lnn ì }de bòmz azzzuem uomer l jòma}aò }dl} zujd lj}aò jlo ònq be jòmuj}em li}er }de iarz} looayerzlrq zaoje }de azzuloje ml}e/

Wlml }lohhln :< Mezecber 27<7. @bnahlza AAA ceomlwl}weraohkl} amLL mlra W] Weceraohkl} Eiek Aomòezal$Weiaom`!/

Lz l} :< Mejecber 27<7. Bòmz AAA az rl}em l} am LL bq W] Weceraohkl} Eiek Aomòezal $Weiaom`!/

Werzer`lo cenuolza zenurud u}loh w`k`k @bnahlza AAA Zera Lwlml }lohhln <4 Cea 27<7/

]de J`cwloq iunnq wlam }de ù}z}lomaoh wraojawln ì Bòmz AAA Zeraln L ò <4 Clq 27<7/











=5


@bnahlza Lmarl Maolcakl Cun}a Iaoloje AY ]lduo 27<7 Lmarl Maolcakl Cun}a Iaoloje Bòmz AY Qelr 27<7

@bnahlza Bòmz





Zera Zeraln L Rw 221.777 8/97% 21 Lwran 27<2 Wecblqlrlo weoud wlml zll} fl}ud}ecw` Bunne} wlqceo} o mue ml}e

Zera Zeraln B Rw 2:4.777 4/25% 21 @k}`ber @j}`ber 27<2

Wecblqlrlo weoud wlml zll} fl}ud}ecw` Bunne} wlqceo} o mue ml}e

Zera Zeraln J Rw 588.777 4/87% 21 Lwran 27<: Wecblqlrlo weoud wlml zll} fl}ud}ecw` Bunne} wlqceo} o mue ml}e

Zera Zeraln M Rw 24=.777 1/77% 21 @k}`ber @j}`ber 27<:


Zera Zeraln E Rw 982.777 1/25% 21 @k}`ber @j}`ber 27<=


Wlml }lohhln 2< @k}`ber 27<7. Werzer`lo }enld cecwer nedweroql}llo eiek}ai mlra Blwewlc#NK cenlnua zurl}O`/ Z#159=BN27<7 mlnlc rlohkl Weolxlrlo Ucuc@bnahlza Lmarl Maolcakl Cun}a Iaoloje AY ]lduo 27<7$@bnahlza AY! meohlo oanla o`caoln zebezlr Rw 2/777/777}erblha l}lz Zera L. Zera B. Zera J. Zera M mlo Zera E qlohmajl}l}klo ma Burzl Eiek Aomòezal wlml }lohhln < O`wecber27<7/ Xlna lclol} zedubuohlo meohlo weolxlrlo ucuc@bnahlza AY aoa lmlnld W] Blok Oehlrl Aomòezal $Werzer`!

]bk/

@o 2< @j}`ber 27<7. }de J`cwloq rejeayem }de eiiej}aye o`}aiajl}aò ir`c Blwewlc#NK blzem ò a}z ne}}er O`/ Z#159=BN27<7 ao jòfuoj}aò xa}d }de Wubnaj @iieraoh ì Lmarl Maolcakl Cun}a Iaoloje Bòmz AY Qelr 27<7 $Bòmz AY! xa}d l o`caoln ylnue ì Rw 2.777.777 lom jòzaz}aoh ì Zeraln L. Zeraln B. Zeraln J. Zeraln M lom Zeraln E xdajd xere naz}em l} Aomòezal Z}`jk Etjdlohe ò < O`yecber 27<7/ W] Blok Oehlrl Aomòezal $Werzer`!]bk az }de }ruz}ee ao jòoej}aò xa}d }de wubnaj ìieraoh ì

Bòmz AY/ Wecblqlrlo buohl @bnahlza AY mablqlrklo ze}alw }ahl bunlozeklna meohlo wecblqlrlo wer}lcl wlml }lohhln 21 Floulra27<< mlo }erlkdar manlkuklo berzlcllo meohlo wenuolzlow`k`k clzaoh#clzaoh zera @bnahlza AY/ Mlnlc werflofalowerxlnalclol}lo fuhl mal}ur beberlwl wecbl}lzlo qlohdlruz maweouda ned Werzer`lo. lo}lrl nlao cecberaklo flcaolo iamuzal beruwl wau}loh wecbalqllo kòzuceozebezlr Rw 977/777 wlml }lohhln :< Mezecber 27<7 $nadl}Jl}l}lo 5! mlo rlza` fucnld waoflclo }erdlmlw ekua}lz }amlkcenebada rlza` <76</ Zenlao a}u. zenlcl w`k`k `bnahlza benucmanuolza. Werzer`lo }amlk mawerkeoloklo. lo}lrl nlao cecblhamayameo zenlcl Werzer`lo nlnla mlnlc cecblqlr fucnld}eru}loh `bnahlza. cenlkuklo weohhlbuohlo uzldl zer}lceofuln l}lu ceohlnadklo nebad mlra =7% lze} Werzer`loqloh buklo wau}loh wecbalqllo kòzuceo/

Ao}erez} ò Bòmz AY az wlam ò l |ulr}ernq blzaz xa}d }de iarz} wlqceo} ò 21 Floulrq 27<< lom }de nlz} wlqceo} }`he}der xa}d wlqceo} ì wraojawln ì eljd zeraln ì }de Bòmz AY/ ]de }ruz}ee lhreeceo} wr`yamez zeyerln oehl}aye j`yeolo}z }` }de J`cwloq. lcòh `}derz. j`nnl}erln xa}d iamujalrq }rlozier ì jòzucer iaolojaoh rejeaylbnez lcùo}aoh }` Rw 977.777 l} :< Mejecber 27<7 $zee O`}e 5! lom meb} }` e|ua}q rl}a` o`} }` etjeem <76</C`re`yer. muraoh }de qelr }dl} }de bòmz wraojawlnz lre z}ann wlqlbne. }de J`cwloq az o`} lnn`xem }`. lcòh `}derz.mejnlre mayameomz ao }de eyeo} }dl} }de J`cwloq meilun}z ò a}z bòmz `bnahl}aòz. cerhe lom zenn `r lzzaho c`re }dlo =7% ì }de J`cwloq‑z oò#jòzucer iaolojaoh rejeaylbnez/


]de J`cwloq jlo buq bljk wlr} `r lnn ì }de bòmz azzzuem uomer l jòma}aò }dl} zujd lj}aò jlo ònq be jòmuj}em li}er }de iarz} looayerzlrq zaoje }de azzuloje ml}e/

Wlml }lohhln :< Mezecber 27<7. @bnahlza AY ceomlwl}weraohkl} amLL mlra W] Weceraohkl} Eiek Aomòezal$Weiaom`!/

Lz l} :< Mejecber 27<7. Bòmz AY az rl}em l} am LL bq W] Weceraohkl} Eiek Aomòezal $Weiaom`!/

Beblo buohl l}lz u}loh `bnahlza wlml }lduo 27<7 lmlnldzebezlr Rw <<1/2=8 $27716 Rw <78/24:; 27746 Rw <:7/552!$nadl} Jl}l}lo 25!/

]de ao}erez} etweozez ì bòmz wlqlbne ao 27<7 lcùo}em }` Rw <<1.2=8 $27716 Rw <78.24:; 27746 Rw <:7.552! $zee O`}e 25!/











=9


Rl}l#rl}l }er}acbloh }aohkl} zuku buohl eiek}ai ze}lduol}lz u}loh `bnahlza wlml }lduo 27<7 lmlnld 1.14%/

]de xeahd}em lyerlhe eiiej}aye ao}erez} rl}e wer loouc ò bòmz wlqlbne ao 27<7 xlz 1/14%/



<5/ U]LOH NLAO#NLAO <5/ @]DER WLQLBNEZ

27<7 2771 2774

Wadlk ke}ahl ]darm wlr}aez U}loh kewlml melner <<4.551 4=.:82 2.79: Wlqlbnez }` melnerz ]a}awlo kòzuceo <=.55= 1.:9< <7.41< Juz}`cerz mew`za}z Wer`nedlo lze} }e}lw 4.229 2.547 2.=9< Iatem lzze}z lj|uaza}aò Nlao#nlao 2<.119 <2.892 <7.81< @}derz

<9:.::5 <71.785 29.279

Wadlk qloh cecwuoqla dubuohlo az}acexl Renl}em wlr}aez Wreca lzurloza 47.477 =<.4=4 :1.<2= Aozurloje wrecauc

U}loh kewlml melner 122 521 # Wlqlbnez }` melnerz

4<.822 =2.:88 :1.<2=

2=5.758 <5<.=52 95.::7

U}loh kewlml melner ceruwlklo kexlfablo Werzer`lokewlml melner l}lz olzlbld#olzlbld qloh }enldcecwer`ned werze}ufulo krema} mlra Werzer`lo mlo wadlkmelner }enld ceoqerldklo keomlrllo qloh mabalqla kewlmlkòzuceo }erzebu}/

Wlqlbnez }` melnerz rewrezeo} }de J`cwloq‑z nalbana}aez }` melnerz i`r }de lwwr`yem jòzucer iaolojaoh jò}rlj}z lom }de melnerz dlye menayerem }de yedajnez }` }de juz}`cerz/



<9/ WLFLK WEOHDLZANLO <9/ AOJ@CE ]LT

l/ U}loh wlflk l/ ]ltez wlqlbne 27<7 2771 2774

Wlflk weohdlzanlo blmlo <51 55< <15.194 J`rw`rl}e aoj`ce }lt

Wlflk weohdlzanlo nlaooql @}der aoj`ce }ltez

Wlzln 2< <8.885 <2.=:< <2.:25 Lr}ajne 2<

Wlzln 2: mlo 29 5=4 :85 21= Lr}ajnez 2: lom 29

Wlzln 25 :=.89= :9.4:4 <5.528 Lr}ajne 25

Wlzln =$2! 2:: 471 8=1 Lr}ajne =$2!

5:.=81 5<.77= 22=.49:











=8

<9/ WLFLK WEOHDLZANLO $nlofu}lo! <9/ AOJ@CE ]LT $jò}aouem!

b/ Beblo wlflk weohdlzanlo b/ Aoj`ce }lt etweoze

27<7 2771 2774

Kaoa :81.111 =:5.7:7 :42.255 Jurreo}

]lohhudlo 4:.4<4 <7.1<8 <9.4:= Meierrem

=9:.4<8 ==5.1=8 :11.741

Rekòzanalza lo}lrl nlbl lkuo}loza zebenuc wlflk.zeblhlaclol qloh mazlfaklo mlnlc nlw`rlo nlbl ruhameohlo nlbl keol wlflk lmlnld zeblhla beraku}6

Rejòjanal}aò be}xeeo ljjùo}aoh aoj`ce bei`re }lt.lz zd`xo ao }de z}l}eceo}z ì aoj`ce lom }ltlbne aoj`ce xlz lz i`nn`xz6

27<7 2771 2774

Nlbl lkuo}loza zebenuc wlflk

weohdlzanlo <.1:<.82: <.954.:=8 <.=<1.:22 Ljjùo}aoh aoj`ce bei`re }lt

Beml }ecw`rer6 ]ecw`rlrq maiiereojez6 Lc`r}azlza balql }rlozlkza }erkla} Lc`r}avl}aò ì }rlozlj}aò j`z}z

wer`nedlo wau}loh renl}em }` lj|uaza}aò ì jòzucer wecbalqllo kòzuceo <.=2:.414 184.445 844.952 iaolojaoh rejeaylbnez

Wr`c`za 84.428 # # Wr`c`}aò Kezefld}erllo klrqlxlo :4.==: 27.=== 25.288 Ecwn`qeez‑ xenilre Acblnlo kerfl klrqlxlo 25.<5= <<.142 <<.47= Ecwn`qeez‑ beoeia}z Weoqazadlo/$wecunadlo! keru alo Lnn`xloje i`r/$reyerzln ì! acwlarceo}

weouruolo oanla wau}loh n`zzez ir`c jòzucer wecbalqllo kòzuceo <8.=54 $8<.:2=! 29.772 iaolojaoh rejeaylbnez Weoqazadlo/$wecunadlo! keruhalo Lnn`xloje i`r/$reyerzln ì! acwlarceo}

weouruolo oanla wau}loh nlao#nlao 2.518 $9=4! $=99! n`zzez ir`c `}der rejeaylbnez Lc`r}azlza beblo mablqlr macukl l}lz Lc`r}avl}aò ì wrewlam etweozez renl}em }`

lmcaoaz}rlza mlo wr`yaza lmcaoaz}rl}aò lom wr`yazaò ieez ì waoflclo qlo ma}eracl 454 8:7 2.1<4 b`rr`xaohz

Weoqazadlo keruhalo weouruolo oanla Lnn`xloje i`r acwlarceo} n`zzez ir`c zexl wecbalqllo 294 # # iaoloje nelzez

Mayameo zldlc # :57 # Z}`jk mayameom Balql }rlozlkza }erkla} wer`nedlo ]rlozlj}aò j`z}z renl}em }` lj|uaza}aò ì

wau}loh wecbalqllo k ozuceo $<.1<<.914! $<.724.<49! $118.<=5! jòzucer iaolojaoh rejeaylbnez Weohdlwuzlo wau}loh wecbalqllo

kòzuceo $48.152! $<<.5:9! # Xra}e#ìi ì jòzucer iaolojaoh rejeaylbnez Weoquzu}lo lze} }e}lw $5.4<5! 19 $8.251! Mewrejal}aò ì iatem lzze}z Beblo mablqlr macukl l}lz wr`yaza mlo Wrewlam etweozez renl}em }` lmcaoaz}rl}aò

lmcaoaz}rlza waoflclo qloh ma}eracl $:47! $<.5:4! $8<:! lom wr`yazaò ieez ì b`rr`xaohz

<.5<:.:4< <.558.972 <.294.:12

Beml wercloeo6 Wercloeo} maiiereojez6 Beblo qloh }amlk mlwl} makurlohklo <=.191 27.=52 <<.:98 Oò#memuj}abne etweozez Weomlwl}lo flzl har` mlo mew`za}` Ao}erez} aoj`ce ir`c jurreo} ljjùo}z lom

berflohkl $4.:55! $2=.:89! $5.5<9! }ace mew`za}z

9.9<= $:.12=! 5.45<

Nlbl keol wlflk <.5<1.115 <.55:.984 <.28=.2=: ]ltlbne aoj`ce

Beblo wlflk weohdlzanlo :81.111 =:5.7:7 :42.255 Aoj`ce }lt etweoze Makurloha6 wlflk mablqlr macukl $:81.4=7! $=:=.=81! $<49.248! Nezz6 wrewlam }ltez

U}loh wlflk weohdlzanlo blmlo <51 55< <15.194 J`rw`rl}e aoj`ce }lt wlqlbne











=4


b/ Beblo wlflk weohdlzanlo $nlofu}lo! b/ Aoj`ce }lt etweoze $jò}aouem!

Werda}uohlo wlflk weohdlzanlo blmlo uo}uk }lduo 27<7lmlnld zul}u werda}uohlo zeceo}lrl qloh mabul} uo}uk}ufulo lkuo}loza mlo mlwl} berubld wlml zll}Werzer`lo ceoqlcwlaklo Zurl} Wecbera}ldulo]lduolo $ZW]! wlflkoql/

]de j`rw`rl}e aoj`ce }lt jlnjunl}aò i`r 27<7 az l wrenacaolrq ez}acl}e clme i`r ljjùo}aoh wurw`zez lom a}z zubfej} }` reyazaò xdeo }de J`cwloq n`mhez a}z loouln j`rw`rl}e aoj`ce }lt re}uro/

Werda}uohlo wlflk weohdlzanlo blmlo uo}uk }lduo 2771mlo 2774 zezula meohlo ZW] Werzer`lo/ ]de jlnjunl}aò ì j`rw`rl}e aoj`ce }lt i`r 2771 lom

2774 jòi`rcz xa}d }de J`cwloq‑z loouln }lt re}uroz/

Rekòzanalza l}lz beblo wlflk weohdlzanlo meohlowerklnalo nlbl lkuo}loza zebenuc wlflk weohdlzanlomlo }lrai wlflk clkzacuc qloh bernlku lmlnld zeblhlaberaku}6

]de rejòjanal}aò be}xeeo aoj`ce }lt etweoze lom }de ljjùo}aoh aoj`ce bei`re }lt cun}awnaem bq }de cltacuc clrhaoln }lt rl}e xlz lz i`nn`xz6

27<7 2771 2774

Nlbl zebenuc wlflk weohdlzanlo <.1:<.82: <.954.:=8 <.=<1.:22 Aoj`ce bei`re aoj`ce }lt

Makurloha6 weomlwl}lo buohl qloh Nezz6 oe} ao}erez} aoj`ce

makeolklo wlflk iaoln $4.:55! $2=.:89! $5.5<9! zubfej}em }` iaoln }lt

<.12:.:94 <.9::.18< <.=<:.479

]lrai wlflk clkzacuc 25% }lduo 27<7 Clrhaoln z}l}u}`rq aoj`ce }lt rl}e ì $27716 24%; 27746 :7%! =47.4=2 =58.5<< =2=.<=2 25% ao 27<7 $27716 24%; 27746 :7%!

Weoqezulalo }lrai wlflk # $<8.21<! $24.==5! Lmfuz}ceo} ì }lt rl}e Werbemllo wercloeo meohlo }lrai wlflk25% wlml }lduo 27<7 $27716 24%; Wercloeo} maiiereojez l} 25% }lt rl}e ao 27<7 27746 :7%! :.8=2 5.828 :.=<7 $27716 24%; 27746 :7%!

Weohlrud }lrai wlflk wr`hrezai # # $<4! Eiiej} ì wr`hrezzaye }lt rl}ez

Weoqezulalo nlaooql $27.898! # # @}der lmfuz}ceo}

Beblo wlflk weohdlzanlo =9:.4<8 ==5.1=8 :11.741 Aoj`ce }lt etweoze

Wlml bunlo Zew}ecber 2774. Uomloh#Uomloh O`/ :9}lduo 2774 }eo}loh werubldlo keecwl} l}lz Uomloh#Uomloh O`/ 8 }lduo <14: l}lz Wlflk Weohdlzanlo }enldmazldklo/ Uomloh#Uomloh aoa bernlku eiek}ai zeflk< Floulra 2771/ Werubldlo zahoaiaklo qloh mal}ur mlnlcUomloh#Uomloh aoa. zlnld zl}uoql lmlnld werubldlo}lrai wlflk weohdlzanlo blmlo ceoflma }lrai }uohhln.qla}u zebezlr 24% uo}uk }lduo iazkln 2771 mlo 25%uo}uk }lduo iazkln 27<7 mlo ze}eruzoql/ Werzer`lo}enld cecbukuklo weohlrud mlra werubldlo }lrai wlflkweohdlzanlo }erdlmlw kexlfablo wlflk }lohhudlo #berzad ma mlnlc nlw`rlo keulohlo wlml }lohhln mlo}lduo berlkdar :< Mezecber 27<7 zebezlr Rw oadan$27716 $Rw <8/21<!; 27746 $Rw 24/==5!!/

Ao Zew}ecber 2774. Nlx O`/ :9 qelr 2774 xdajd az l iùr}d lceomceo} ì Nlx O`/ 8 qelr <14: rehlrmaoh aoj`ce }lt dlz beeo lwwr`yem/ ]de nlx az eiiej}aye z}lr}aoh < Floulrq 2771/ @oe ì zahoaiajlo} jdlohez z}awunl}em ao }de Nlx az jdlohaoh ì j`rw`rl}e aoj`ce }lt rl}e }` zaohne rl}e. xdajd az 24% i`r }de qelr 2771 lom 25% i`r }de qelr 27<7 òxlrmz/ ]de J`cwloq dlz jdlrhem }de acwlj} ì }de jdlohe ì j`rw`rl}e aoj`ce }lt rl}e }` a}z oe} meierrem }lt nalbana}aez ao a}z iaolojaln z}l}eceo}z lz ì lom }de qelr eomem :< Mejecber 27<7 ì Rw oan $27716 $Rw <8.21<!; 27746 $Rw 24.==5!!/











=1


j/ Kexlfablo wlflk }lohhudlo # berzad j/ Meierrem }lt nalbana}aez # oe}

$Mabebloklo!/ makrema}klo ke

nlw`rlo nlbl ruha/ $Jdlrhem!/

Zlnm` lxln/ jrema}em }` Zlnm` lkdar/ Behaooaoh z}l}eceo} i Eomaoh blnloje aoj`ce blnloje

Lze} wlflk }lohhudlo6 Meierrem }lt lzze}z6

Kezefld}erllo klrqlxloqloh clzad dlruz mablqlr <1.2:< 1.9<7 24.4=< Ljjruem ecwn`qeez‑ xenilre Acblnlo kerfl qloh clzad

dlruz mablqlr <5.<15 9.241 2<.=4= Ljjruem ecwn`qeez‑ beoeia}z Wr`c`za # <1.878 <1.878 Wr`c`}aò Weoqazadlo keruhalo weouruolo oanla Lnn`xloje i`r acwlarceo} n`zzez

l}lz wau}loh wecbalqllo ir`c jòzucer iaolojaoh kòzuceo $9<1! :.2<< 2.512 rejeaylbnez

Weoqazadlo keruhalo weouruolo oanla Lnn`xloje i`r acwlarceo} n`zzez wau}loh nlao#nlao 2.5<5 9=1 :.<9= ir`c `}der rejeaylbnez

Mayameo zldlc 44 # 44 Z}`jk mayameom

:9.=<7 :1.=99 85.489

Kexlfablo wlflk }lohhudlo6 Meierrem }lt nalbana}aez6 ]rlozlj}aò j`z}z renl}em }`

Balql }rlozlkza }erkla} wer`nedlo lj|uaza}aò ì jòzucer wau}loh wecbalqllo k ozuceo $2=5.587! $<2<.157! $:98.527! iaolojaoh rejeaylbnez

Weoquzu}lo lze} }e}lw $1.511! $<.=5=! $<<.75:! Mewrejal}aò ì iatem lzze}z

Beblo mablqlr macukl l}lz Wrewlam etweozez renl}em }` lmcaoaz}rlza mlo wr`yaza lmcaoaz}rl}aò lom wr`yazaò

waoflclo qloh ma}eracl $225! <27 $<75! ieez ì b`rr`xaohz

$255.:1=! $<2:.24=! $:84.984!

$2<4.14=! $4:.4<4! $:72.472!

27<7











57


j/ Kexlfablo wlflk }lohhudlo # berzad $nlofu}lo! j/ Meierrem }lt nalbana}aez # oe} $jò}aouem!




Lze} wlflk }lohhudlo6 Meierrem }lt lzze}z6 Kezefld}erllo klrqlxlo

qloh clzad dlruz mablqlr <5.==8 :.84= <1.2:< Ljjruem ecwn`qeez‑ xenilre Acblnlo kerfl qloh clzaddlruz mablqlr <2.24: 2.1<2 <5.<15 Ljjruem ecwn`qeez‑ beoeia}z

Weoqazadlo keruhalo weouruolo oanla Lnn`xloje i`r acwlarceo} n`zzez

wau}loh nlao#nlao 2.=92 5: 2.5<5 ir`c `}der rejeaylbnez

Mayameo zldlc # 44 44 Z}`jk mayameom

:7.<12 9.4:8 :8.721


Balql }rlozlkza }erkla} wer`nedlo lj|uaza}aò ì jòzucer wau}loh wecbalqllo kòzuceo $25<.<99! 5.519 $2=5.587! iaolojaoh rejeaylbnez

Weoquzu}lo lze} }e}lw $1.84=! <45 $1.511! Mewrejal}aò ì iatem lzze}z Weoqazadlo keruhalo weouruolo oanla Lnn`xloje i`r acwlarceo} n`zzez

l}lz wau}loh wecbalqllo ir`c jòzucer iaolojaoh kòzuceo 22.8<8 $2:.::9! $9<1! rejeaylbnez

Beblo mablqlr macukl l}lz Wrewlam etweozez renl}em }` lmcaoaz}rlza mlo wr`yaza lmcaoaz}rl}aò lom wr`yazaò

waoflclo qloh ma}eracl $29! $<11! $225! ieez ì b`rr`xaohz $2:4.251! $<8.85=! $259.7<:!

$274.798! $<7.1<8! $2<4.14=!

2771




Lze} wlflk }lohhudlo6 Meierrem }lt lzze}z6 Weoqazadlo keruhalo weouruolo oanla Lnn`xloje i`r acwlarceo} n`zzez

wau}loh wecbalqllo ir`c jòzucer iaolojaoh

kòzuceo <=.141 8.824 22.8<8 rejeaylbnez Kezefld}erllo klrqlxloqloh clzad dlruz mablqlr 4.198 9.=47 <5.==8 Ljjruem ecwn`qeez‑ xenilre

Acblnlo kerfl qloh clzaddlruz mablqlr <<.711 <.<4= <2.24: Ljjruem ecwn`qeez‑ beoeia}z

Weoqazadlo keruhalo weouruolo oanla Lnn`xloje i`r acwlarceo} n`zzez

wau}loh nlao#nlao <.<<9 <.:=9 2.=92 ir`c `}der rejeaylbnez

:9.<8< <9.8:4 52.171


Balql }rlozlkza }erkla} wer`nedlo lj|uaza}aò ì jòzucer wau}loh wecbalqllo kòzuceo $2<8.:=5! $::.42<! $25<.<99! iaolojaoh rejeaylbnez

Weoquzu}lo lze} }e}lw $1.:87! $=<=! $1.84=! Mewrejal}aò ì iatem lzze}z Beblo mablqlr macukl l}lz Wrewlam etweozez renl}em }`

lmcaoaz}rlza mlo wr`yaza lmcaoaz}rl}aò lom wr`yazaò

waoflclo qloh ma}eracl $941! 99: $29! ieez ì b`rr`xaohz

$228.=7=! $::.582! $297.189!

$<1<.2::! $<9.4:=! $274.798!

2774











5<


m/ Wecerakzllo wlflk m/ ]lt lzzezzceo}z

Wlml }lduo 2778. Werzer`lo ceoeracl Zurl}Ke}e}lwlo Wlflk Kurloh Blqlr $ZKWKB! meohlo fucnld Rw =4: l}lz wlflk weohdlzanlo wlzln 2< mlo 2:uo}uk }lduo iazkln 2775/ Werzer`lo cenuolza zenurudkekurlohlo }erzebu} wlml }lduo 2774/ Olcuomecakalo. mlra ZKWKB }erzebu}. Werzer`lo }amlkceoqe}ufua fucnld zebezlr Rw =<2 mlo ceohlfuklokeberl}lo/ L}lz weohlfulo keberl}lo }erzebu}.Marek}`rl} Feomerln Wlflk }enld ceohenulrklo zurl}

kewu}uzlo O`/ KEW#1=XWF/:2BM/792774 qlohceoeracl zeblhalo keberl}lo zebezlr Rw <57/Werzer`lo ceohlfuklo blomaoh l}lz zazl kenebadlowecblqlrlo zebezlr Rw 292/ L}lz weohlfulo blomaoh}erzebu}. Weohlmanlo Wlflk }enld ceohlbunklozeblhalo werc`dòlo blomaoh }erzebu} cenlnua zurl}kewu}uzlo O`/ Wu}/ <1:98WWC/YAAA<72771 }lohhln<2 Lhuz}uz 2771 zebezlr Rw 228/ Werzer`lo }amlkceohlfuklo blomaoh nlha l}lz fucnld qloh }erzazlzebezlr Rw :5/

Ao 2778. }de J`cwloq rejeayem l }lt lzzezzceo} ne}}er jòiarcaoh uomerwlqceo} $ZKWKB! i`r l }`}ln lcùo} ì Rw =4: ì aoj`ce }ltez lr}ajnez 2< lom 2: ì iazjln qelr 2775/ ]de J`cwloq wlam zujd uomerwlqceo} ao 2774/ D`xeyer. ì }de lb`ye ceo}aòem }lt lzzezzceo}. }de J`cwloq mazlhreem xa}d lo lcùo} ì Rw =<2 lom zubca}}em lo `bfej}aò/ Ao renl}aò xa}d }de `bfej}aò. Marej}`rl}e Heoerln ì ]ltez azzuem l mejazaò ne}}er O`/ KEW#1=XWF/:2BM/792774 }`

ljjew} wlr} ì }de `bfej}aò lcùo}aoh }` Rw <57/ ]de J`cwloq zubca}}em lo lwweln i`r }de reclaoaoh lcùo} ì Rw 292/ Ao renl}aò xa}d }de lwweln. ]lt Jùr} lwwr`yem wlr}z ì }dl} lwweln }drùhd mejazaò ne}}er O`/ Wu}/ <1:98WWC/YAAA<72771 ml}em <2 Luhuz} 2771 lcùo}aoh }` Rw 228/ ]de J`cwloq o` nòher lwweln i`r }de reclaoaoh lcùo} ì Rw :5/

Wlml }lduo 2771. Werzer`lo ceoeracl Zurl} ]lhadloWlflk $Z]W! l}lz kexlfablo wlflk weohdlzanlowlzln 25 Clzl Wlflk Funa#Zew}ecber 2771 O`/77787<797175=71 }er}lohhln 27 @k}`ber 2771

zebezlr Rw =</2=4/ Wlml }lohhln 1 O`wecber 2771.Marek}`rl} Feomerln Wlflk ceohenulrklo zurl}kewu}uzlo O`/ KEW#7771<XWF/78KW/747:2771}eo}loh wecbe}unlo l}lz weoerba}lo Z]WO`/ 77787<797175=71 }er}lohhln 27 @k}`ber 2771mlo ceoe}lwklo fucnld wlflk qloh dlruz mablqlrceoflma Rw <4/9:1 $}erclzuk zlokza buohl!/Werzer`lo }enld cenuolza Z]W }erzebu} mlo }enldceohkrema}klo wecblqlrlo w`k`k mlra Z]W }erzebu} maZurl} Wecbera}ldulo ]lduolo $ZW]! 2771 wlml }lduo2771/ Olcuo mecakalo. Werzer`lo }amlk ceoqe}ufuaZ]W }erzebu} mlo ceohlfuklo huhl}lo ke WeohlmanloWlflk/ Werzer`lo benuc ceoeracl kewu}uzlo mlraWeohlmanlo Wlflk l}lz huhl}lo }erzebu}/

Ao 2771. }de J`cwloq rejeayem l ]lt J`nnej}aò O`}aje $Z]W! ì aoj`ce }lt lr}ajne 25 i`r iazjln wera`m Funq# Zew}ecber 2771 O`/ 77787<797175=71 ml}em 27 @j}`ber 2771 lcùo}aoh }` Rw =<.2=4/ @o

1 O`yecber 2771. Marej}`rl}e Heoerln ì ]ltez azzuem mejazaò ne}}er O`/ KEW#7771<XWF/78KW/747:2771 rehlrmaoh reyazaò ì Z]W O`/77787<797175=71 ml}em 27 @j}`ber 2771 lom jòiarcaoh }lt wlqlbne }` bej`ce Rw <4.9:1 $aojnumaoh ao}erez} weoln}q!/ ]de J`cwloq dlm wlam zujd reyazem Z]W lom jrema}em }de wraojawln wlqceo} ì zujd Z]W ao loouln j`rw`rl}e aoj`ce }lt re}uro $ZW]! 2771 ao 2771/ D`xeyer. }de J`cwloq mazlhreez xa}d zujd Z]W lom zubca}}em l jnlac }` }de ]lt Jùr}/ ]de J`cwloq dlz o`} rejeayem loq mejazaò ir`c }de ]lt Jùr} rehlrmaoh }de jnlac/

e/ Lmcaoaz}rlza e/ Lmcaoaz}rl}a o Zezula meohlo werl}urlo werwlflklo ma Aomòezal.Werzer`lo cenlw`rkloceoqe}`rklo wlflkbermlzlrklo zaz}ec zeni#lzzezzceo} / Iazkuz mlwl}ceoe}lwklo l}lu ceohubld wlflk#wlflk }erzebu}mlnlc flohkl xlk}u }er}eo}u zezula meohlo werl}urloqloh bernlku/

Uomer }de }ltl}aò nlxz ì Aomòezal. }de J`cwloq zubca}z }lt re}uroz ò }de blzaz ì zeni#lzzezzceo}/]de }lt lu}d`ra}aez clq lzzezz `r lceom }ltez xa}dao }de z}l}u}e ì naca}l}aòz. uomer wreylanaoh rehunl}aòz/











52

<8/ C@MLN ZLDLC <8/ ZDLRE JLWA]LN

Wecehloh zldlc Werzer`lo wlml }lohhln :< Mezecber27<7. 2771 mlo 2774 lmlnld zeblhla beraku}6

]de J`cwloq‑z zdlred`nmerz lz l} :< Mejecber 27<7.2771 lom 2774 xere lz i`nn`xz6

27<7 mlo lom 2771

Wecehloh zldlc

Fucnld zldlcqloh ma}ecwl}klomlo maze}`r weoud Oucber i zdlrez

azzuem lom iunnq wlam

Werzeo}lzekewecanaklo

Werjeo}lhe i `xoerzdaw

Fucnld ]`}ln Zdlred`nmerz

W] Blok Mlolcò Aomòezal ]bk 157.777.777 15/77% 15.777 W] Blok Mlolcò Aomòezal ]bk

W] Lzurloza Lmarl Maolcakl =.=::.577 7/==% ==: W] Lzurloza Lmarl Maolcakl Nlao#nlao $clzaoh#clzaoh meohlo

kewecanaklo mablxld 5%! =5.599.577

=/59%

=.558 @}derz $eljd `xoz ben`x 5%!

<.777.777.777 <77/77% <77.777

2774

Wecehloh zldlc

Fucnld zldlcqloh ma}ecwl}klomlo maze}`r weoud Oucber i zdlrez

azzuem lom iunnq wlam

Werzeo}lzekewecanaklo

Werjeo}lhe i `xoerzdaw

Fucnld ]`}ln Zdlred`nmerz

W] Blok Mlolcò Aomòezal ]bk 857.777.777 85/77% 85.777 W] Blok Mlolcò Aomòezal ]bk Cehl Ylnue Wrìa}z Naca}em.

Bra}azd Yarhao Aznlom <8=.<1:.577 <8/=2% <8.=<1Cehl Ylnue Wrìa}z Naca}em.

Bra}azd Yarhao Aznlom W] Lzurloza Lmarl Maolcakl =.:<2.777 7/=:% =:< W] Lzurloza Lmarl Maolcakl Nlao#nlao $clzaoh#clzaoh meohlo

kewecanaklo mablxld 5%! 8<.=1=.577

8/<5%

8.<57 @}derz $eljd `xoz ben`x 5%!

<.777.777.777 <77/77% <77.777

Wlml }lohhln 1 Funa 2771. W] Blok Mlolcò Aomòezal ]bk}enld ceohhuolklo `wza benaoql uo}uk cecbena 27%zldlc Werzer`lo l}lu zebloqlk 277/777/777 zldlc mlraCehl Ylnue Wrìa}z Naca}em. Bra}azd Yarhao Aznlom/ Meohlomecakalo. W] Blok Mlolcò Aomòezal ]bk }enldceoaohkl}klo kewecanaklo zldlc ma Werzer`lo ceoflma15%/

@o 1 Funq 2771. W] Blok Mlolcò Aomòezal ]bk dlz eterjazem }de jlnn `w}aò }` wurjdlze 27% zdlrez ì }de J`cwloq `r 277.777.777 zdlrez ir`c Cehl Ylnue Wrìa}z Naca}em. Bra}azd Yarhao Aznlom/ Lz }de rezun}. W] Blok Mlolcò Aomòezal ]bk dlz aojrelzem a}z zdlre `xoerzdaw ao }de J`cwloq }` 15%/

Mlra k`cw`zaza wecehloh zldlc Werzer`lo ma l}lz. }amlk}ermlwl} kewecanaklo zldlc `ned K`cazlraz mlo MarekzaWerzer`lo/

Ir`c }de J`cwloq‑z zdlred`nmerz j`cw`za}aò lb`ye.}dere az o` `xoerzdaw ì zdlrez bq J`ccazzaòerz lom Marej}`rz ì }de J`cwloq/

<4/ WEOHHUOLLO NLBL BERZAD <4/ LWWR@WRAL]A@O @I OE] AOJ@CE

Wlml }lohhln 8 Lwran 27<7. wlrl wecehloh zldlcceoqe}ufua uo}uk cecblhaklo mayameo klz zebezlrRw 2=2/=47 l}lu Rw 2=2 $oanla weoud! wer zldlc mloceolcbld jlmlohlo ucuc zebezlr Rw <2/<2=/ Mayameoklz mablqlrklo wlml }lohhln <9 Fuoa 27<7/

@o 8 Lwran 27<7. }de zdlred`nmerz lhreem }` mejnlre jlzd mayameomz lcùo}aoh }` Rw 2=2.=47 `r Rw 2=2 $iunn lcùo}! wer zdlre lom }` lmm }` }de heoerln rezerye ì Rw <2.<2=/ Jlzd mayameomz xere wlam ò <9 Fuoe 27<7/

Wlml }lohhln < Lwran 2771. wlrl wecehloh zldlcceoqe}ufua uo}uk cecblhaklo mayameo klz zebezlrRw 5<7/777 l}lu Rw 5<7 $oanla weoud! wer zldlc mlo

ceolcbld jlmlohlo ucuc zebezlr Rw <7/272/ Mayameoklz mablqlrklo wlml }lohhln 4 Cea 2771/

@o < Lwran 2771. }de zdlred`nmerz lhreem }` mejnlre jlzd mayameomz lcùo}aoh }` Rw 5<7.777 `r Rw 5<7 $iunn lcùo}!wer zdlre lom }` lmm }` }de heoerln rezerye ì Rw <7.272/

Jlzd mayameomz xere wlam ò 4 Clq 2771/











5:

<4/ WEOHHUOLLO NLBL BERZAD $nlofu}lo! <4/ LWWR@WRAL]A@O @I OE] AOJ@CE $jò}aouem!

Wlml }lohhln 1 Lwran 2774. wlrl wecehloh zldlcceoqe}ufua uo}uk cecblhaklo mayameo klz zebezlrRw 247/777 l}lu Rw 247 $oanla weoud! wer zldlc.cecblhaklo }lo}aec Mexlo K`cazlraz mlo Marekza zebezlrRw <=/4=: mlo ceolcbld jlmlohlo ucuc zebezlrRw 5/977/ Mayameo klz mablqlrklo wlml }lohhln 21 Cea2774/

@o 1 Lwran 2774. }de zdlred`nmerz lhreem }` mejnlre jlzd mayameomz lcùo}aoh }` Rw 247.777 `r Rw 247 $iunn lcùo}! wer zdlre. }` maz}rabu}e }lo}aec i`r B`lrmz ì J`ccazzaòerz lom Marej}`rz lcùo}aoh }` Rw <=.4=: lom }` lmm }` }de heoerln rezerye ì Rw 5.977/ Jlzd mayameomz xere wlam ò 21 Clq 2774/

Wlml }lohhln :< Mezecber 27<7. 2771 mlo 2774. Werzer`lo}enld cecbeo}uk jlmlohlo ucuc clzaoh#clzaoh zefucnldRw ==/1:=. Rw :2/4<7 mlo Rw 22/974 zezula meohlo Uomloh#

Uomloh Rewubnak Aomòezal O`/ <<115 qloh }enld mahlo}aklomeohlo Uomloh#Uomloh O`/ =72778 eiek}ai }lohhln<9 Lhuz}uz 2778 }eo}loh Werzer`lo ]erbl}lz. qlohceohdlruzklo werzer`lo ma Aomòezal uo}uk cecbul}weoqazadlo jlmlohlo ucuc zebezlr zekurloh#kurlohoql27% mlra fucnld c`mln qloh ma}ecwl}klo mlo maze}`r weoud/Uomloh#Uomloh }erzebu} }amlk ceohl}ur flohkl xlk}u uo}ukweoqazadlo jlmlohlo ucuc caoacuc }erzebu}/

Lz l} :< Mejecber 27<7. 2771 lom 2774. }de J`cwloq dlm l heoerln rezerye ì Rw ==.1:=. Rw :2.4<7 lom Rw 22.974. rezwej}ayenq. ao ljj`rmloje xa}d Nlx ì }de

Rewubnaj ì Aomòezal O`/ <<115 xdajd dlm beeo rewnljem xa}d }de Nlx O`/ =72778 eiiej}aye ò <9 Luhuz} 2778 rehlrmaoh }de Naca}em Nalbana}q J`cwloq. xdajd re|uarez Aomòezalo j`cwloaez }` ze} uw l heoerln rezerye lcùo}aoh }` l} nelz} 27% ì }de J`cwloq‑z azzuem lom wlam uw zdlre jlwa}ln/ ]dere az o` ze} wera`m ì }ace `yer xdajd }daz lcùo} zdùnm be wr`yamem/

<1/ NLBL WER ZLDLC # MLZLR <1/ ELROAOHZ WER ZDLRE # BLZAJ

Nlbl wer zldlc mada}uoh meohlo cecblha nlbl berzad kewlmlwecehloh zldlc meohlo rl}l#rl}l }er}acbloh fucnld necblrzldlc qloh beremlr wlml }lduo berzlohku}lo/

Elroaohz wer zdlre az jlnjunl}em bq mayamaoh oe} aoj`ce l}}rabu}lbne }` zdlred`nmerz bq }de xeahd}em lyerlhe oucber ì zdlrez ù}z}lomaoh muraoh }de qelr/

27<7 2771 2774

Nlbl berzad kewlml wecehloh zldlc <.=98.179 <.2<2.=77 <.727.2:: Oe} aoj`ce l}}rabu}lbne }` zdlred`nmerz

Rl}l#rl}l }er}acbloh fucnld zldlc qloh beremlr <.777.777.777 <.777.777.777 <.777.777.777 Xeahd}em lyerlhe oucber i zdlrez u}z}lomaoh

Nlbl wer zldlc # mlzlr $maoql}lklo mlnlc oanla Elroaohz wer zdlre # blzaj $etwrezzem ao iunn lcùo}

Ruwald weoud! <.=94 <.2<2 <.727 ì Ruwald!

27/ WEOMLWL]LO WECBALQLLO K@OZUCEO 27/ J@OZUCER IAOLOJAOH AOJ@CE

27<7 2771 2774

Weomlwl}lo wecbalqllo kòzuceo Jòzucer iaolojaoh aoj`ce Wadlk ke}ahl 5.794.=29 5.745.991 =.:7=.48:

]darm wlr}aez Wadlk qloh cecwuoqla dubuohloaz}acexl <2 278 2.75< Renl}em wlr}aez

Makurloha6Blhalo weomlwl}lo qloh mabalqla blok Nezz6

zedubuohlo meohlo }rlozlkza wecbalqllo W`r}aò ì iuomz iaolojem bq blok ao renl}aò

berzlcl $2.1=1.557! $2.:74.7<7! $<.189.<98! }` fào} iaolojaoh

2.<<4.444 2.888.499 2.::7.858

Wlml }lduo 27<7. lc`r}azlza balql }rlozlkza qloh malkuazeblhla weohurloh mlra weomlwl}lo wecbalqllokòzuceo lmlnld Rw </::=/595/

Ao 27<7. }de lc`r}avl}aò ì }rlozlj}aò j`z}z rej`hoavem lz l remuj}aò }` jòzucer iaolojaoh aoj`ce xlz Rw <.::=.595/













5=

2</ WEOMLWL]LO NLAO#NLAO 2</ @]DER AOJ@CE

27<7 2771 2774

Wadlk ke}ahl ]darm wlr}aez Lmcaoaz}rlza <.:=5.2<< 472.71: 85=.:58 Lmcaoaz}rl}aò Meoml ke}ernlcbl}lo 254.98< 274.75: <47.958 Nl}e jdlrhez

Wecunadlo mlra wau}loh qloh

madlwuzbukuklo 1<.449 84.289 89.<=< Rej`yerq ò xra}}eo#ìi rejeaylbnez Waoln}a 54.8=5 :5.747 25.421 Weoln}q Flzl har` 2.221 <.994 <.4=2 Ao}erez} ò jurreo} ljjùo}z

Nlao#nlao <5.=21 <1.722 8.:8= @}derz

<.882.<8< <.<==.<12 <.7=9.277

Wadlk qloh cecwuoqla dubuohlo az}acexl Renl}em wlr}q Flzl har` 9.74< 4:8 <.21= Ao}erez} ò jurreo} ljjùo}z

Buohl mew`za}` berflohkl =5 2<.48< <.752 Ao}erez} ò }ace mew`za}z

9.<29 22.874 2.:=9

<.884.218 <.<99.177 <.7=4.5=9

Nadl} Jl}l}lo 21 uo}uk raojalo zlnm` mlo }rlozlkza meohlowadlk qloh cecanaka dubuohlo az}acexl/ Reier }` O`}e 21 i`r me}lanz ì blnlojez lom }rlozlj}aòz

xa}d renl}em wlr}aez/ 22/ BEBLO HLFA MLO ]UOFLOHLO 22/ ZLNLRAEZ LOM BEOEIA]Z ETWEOZEZ

27<7 2771 2774

Hlfa mlo }uoflo lo 12:.815 941.421 92<.<48 Zlnlraez lom lnn`xloje Acblnlo wlzjl#kerfl klrqlxlo :1.512 :7.5<7 27.84: W`z}#ecwn`qceo} beoeia}z

Wenl}adlo mlo weomamaklo <9.<<1 <<.89: <2.1=< ]rlaoaoh lom emujl}aò

181.579 8:2.<72 95=.1<<

Wlml }lduo 27<7. hlfa mlo cloill} k`cweozlza nlaooqlqloh mablqlrklo kewlml Mexlo K`cazlraz zefucnldRw :/44: $27716 Rw =/479; 27746 Rw =/=78!; kewlml MarekzaWerzer`lo zefucnld Rw =8/4=8 $27716 Rw 24/47<; 27746Rw 28/511!; mlo kewlml K`ca}e Luma} mlo ClolfeceoRazak` Werzer`lo zefucnld Rw 298 $27716 Rw 21<; 27746Rw <15!/

Ao 27<7. zlnlraez lom `}der j`cweozl}aò beoeia}z }dl} dlye beeo wlam }` }de J`cwloq‑z B`lrmz ì J`ccazzaòerz lcùo}aoh }` Rw :.44: $27716 Rw =.479; 27746 Rw =.=78!; }de J`cwloq‑z B`lrmz ì Marej}`rz lcùo}aoh }` Rw =8.4=8 $27716 Rw 24.47<; 27746 Rw 28.511!; lom }` }de J`cwloq‑z Luma} lom Razk Clolheceo} J`cca}}ee lcùo}aoh }` Rw 298 $27716

Rw 21<; 27746 Rw <15!/

Zeflk }lduo 2771. }lo}aec majl}l} zeblhla blhalo mlrabeblo }uoflohlo/ Zebenuc }lduo 2771. }lo}aec majl}l}zeblhla weohurloh k`cwòeo ekua}lz zewer}a qlohmazlfaklo mlnlc nlw`rlo werubldlo ekua}lz/

Z}lr}aoh 2771. }lo}aec xlz rej`rmem lz wlr} ì lnn`xloje etweozez/ Wra`r }` 2771. }lo}aec xlz rej`hoavem lz l memuj}aò ì lo e|ua}q j`cwòeo} lz wrezeo}em ao }de z}l}eceo} ì jdlohez ao e|ua}q/











55

2:/ BEBLO UCUC MLO LMCAOAZ]RLZA 2:/ HEOERLN LOM LMCAOAZ]RL]AYE ETWEOZEZ

27<7 2771 2774

Beblo klo}`r <:4.9=4 <<9.<17 <<1.82: @iiaje etweozez Beblo zexl 8<.89: 59.<22 52.:78 Reo}ln etweozez Weoquzu}lo lze} }e}lw $nadl} Jl}l}lo <7! =<.89: :8.:82 :9.115 Mewrejal}aò i iatem lzze}z $zee O`}e <7!Flzl weoeracllo lohzurlo :1.7<: :<.221 2=.8=: Aoz}lnnceo} rejeayaoh ieez Werblaklo mlo wecenadlrllo :5.875 28.2<< <1.151 Rewlar lom clao}eoloje ]rlozw`r}lza 28.<94 <8.:8= <4.574 ]rlozw`r}l}aò Werje}lklo mlo m`kuceo}lza 29.198 <9.1=9 <8.75: Wrao}aoh lom m`juceo}l}a o Werlohk` mlo cl}erla 22.:54 <8.275 <9.884 W`z}lhe lom z}lcw mu}aez Lmcaoaz}rlza blok 5.=42 =.977 =.515 Blok lmcaoaz}rl}aò

Nlao#nlao ::.8:< 29.88< 27.789 @}derz

==2.514 :5<.727 ::7.8:8

2=/ BEBLO WECLZLRLO 2=/ CLRKE]AOH ETWEOZEZ

27<7 2771 2774

Wr`c`za melner <<8.174 <8.82= =.=47 Melner wr`c`}aò

Wr`c`za kòzuceo 52.5:8 :2.47= # Juz}`cer wr`c`}aò

<87.==5 57.524 =.=47

25/ BEBLO BUOHL MLO KEULOHLO 25/ AO]EREZ] ETWEOZE LOM IAOLOJAOH JDLRHEZ

27<7 2771 2774

Wadlk ke}ahl ]darm wlr}aez Buohl l}lz u}loh bn ahlza $n adl} Jl}l}lo <=! 11.829 1=.8=2 <28.==4 Ao}erez} o bòmz wlqlbne $zee O`}e <=!Buohl l}lz waoflclo qloh ma}eracl <5.8== <:.89< 8.<<4 Ao}erez} o b`rr`xaohz Lc`r}azlza beblo ecaza `bnahlza $nadl} Lc`r}avl}aò i bòmz azzuloje j`z}z $zee

Jl}l}lo <=! # <.457 <.151 O`}e <=!

Beblo wr`yaza mlo lmcaoaz}rlza # 8:7 2.1<1 Wr`yazaò lom lmcaoaz}rl}aò etweozez

<<5.=87 <<<.74: <:1.===

Wadlk qloh cecwuoqla dubuohlo az}acexl Renl}em wlr}q

Buohl l}lz u}loh `bnahlza $nadl} Jl}l}lo <=! <1.52< <2.5=< :.<7= Ao}erez} o bòmz wlqlbne $zee O`}e <=!

<:=.11< <2:.92= <=2.5=4

Lc`r}azlza beblo ecaza `bnahlza mlo beblo wr`yaza l}lzwaoflclo qloh ma}eracl wlml }lduo 27<7 clzaoh#clzaohzebezlr Rw 2/7=: mlo Rw 454 majl}l} zeblhla blhalo mlrabuohl l}lz u}loh `bnahlza mlo buohl l}lz waoflclo qlohma}eracl/

]de lc`r}avl}aò ì bòmz azzuloje j`z}z lom wr`yazaò etweozez ò b`rr`xaohz ao 27<7 lcùo}aoh }` Rw 2.7=: lom Rw 454. rezwej}ayenq. xere rej`rmem lz wlr} ì ao}erez} ò bòmz wlqlbne lom ao}erez} ò b`rr`xaohz/


xa}d renl}em wlr}aez/











59

29/ BEBLO WER@NEDLO WECBALQLLO K@OZUCEO 29/ LJ\UAZA]A@O J@Z] @I J@OZUCER IAOLOJAOH

27<7 2771 2774

Wadlk ke}ahl ]darm wlr}aez K`caza # =15.129 =74.28: J`ccazzaò Zubzama # :48.972 :<=.29< Zubzamq

Wr`c`za nlohzuoh # 54.851 54.<72 Marej} wr`c`}aò

# 1=2.248 847.9:9

Wadlk qloh cecwuoqla dubuohlo az}acexl Renl}em wlr}aez

K`caza # 9.519 9.141 J`ccazzaò

Wr`c`za nlohzuoh # 1:4 498 Marej} wr`c`}aò

# 8.5:= 8.459

# 1=1.42< 844.=12

Zeflk }lohhln < Floulra 27<7. lc`r}azlza mlra beblo qloh}erkla} nlohzuoh meohlo wer`nedlo wecbalqllo kòzuceo$„balql }rlozlkza–! majl}l} zeblhla blhalo mlra weomlwl}lowecbalqllo kòzuceo $nadl} Jl}l}lo 27!/

Z}lr}aoh < Floulrq 27<7. }de lc`r}avl}aò ì j`z}z marej}nq l}}rabu}lbne }` lj|uaza}aò ì jòzucer iaolojaoh buzaoezz $„}rlozlj}aò j`z}z–! xere rej`rmem lz wlr} ì jòzucer iaolojaoh aoj`ce $zee O`}e 27!/


xa}d renl}em wlr}aez/ 28/ BEBLO NLAO#NLAO 28/ @]DER ETWEOZEZ

27<7 2771 2774

Beblo$zubzama! weohuruzlo wau}loh Etweoze/$zubzamq! ir`c lrrloheceo} i nlao#nlao 2<.595 2:.=:= $<7.7:=! `}der rejeaylbnez

Keru alo l}lz weo dlwuzlo wau}lonlao#nlao <8.82: <1.992 27.885 N`zz ir`c xra}}eo#ìi }der rejeaylbnez

Weoqazadlo$wecunadlo! keruhalo weouruolo Lnn`xloje i`r/$reyerzln i! acwlarceo}

oanla wau}loh nlao#nlao 2.5:= $822! $=99! n`zzez ir`c }der rejeaylbnez

Nlao#nlao 2.9:= =.28< 2.5:9 @}derz

==.=59 =9.9=5 <2.4<<

24/ KEXLFABLO ACBLNLO WLZJL#KERFL 24/ @BNAHL]A@O I@R W@Z]#ECWN@QCEO] BEOEIA]Z

Zeflk <9 Cea 2778. Werzer`lo ceoqeneohhlrlklo wr`hrlcweozauo aurlo wlz}a uo}uk klrqlxlo }e}lw qloh zumldceceouda kra}eral qloh ma}e}lwklo Werzer`lo. maclolwr`hrlc weozauo aurlo wlz}a aoa maken`nl mlomalmcaoaz}rlzaklo `ned W] Lzurloza Faxl ClounaieAomòezal/

Zaoje <9 Clq 2778. }de J`cwloq dlz meiaoem jò}rabu}aò weozaò wr`hrlc j`yeraoh a}z |ulnaiaem wercloeo} ecwn`qeez xd` cee}z }de J`cwloq‑z jra}eral. xdere }de jò}rabu}aò weozaò wr`hrlc az meiaoem lom lmcaoaz}erem bq W] Lzurloza Faxl Clounaie Aomòezal/

Wlml }lohhln :< Mezecber 27<7. aurlo klrqlxlo qlohmablqlrklo `ned Werzer`lo lmlnld zebezlr :% mlraweohdlzanlo }e}lw klrqlxlo/

Lz l} :< Mejecber 27<7. }de ecwn`qeez‑ jò}rabu}aò wlam bq }de J`cwloq xlz :% ì }de ecwn`qeez‑ blze zlnlraez/

Wlml }lduo 27<7. aurlo wlz}a qloh zumld mablqlrkloWerzer`lo ke W] Lzurloza Faxl Clounaie Aomòezal lmlnldzebezlr Rw 9/8<8/

Ao 27<7. }de meiaoem jò}rabu}aòz wlam bq }de J`cwloq }` W] Lzurloza Faxl Clounaie Aomòezal lcùo}em }` Rw 9.8<8/











58

24/ KEXLFABLO ACBLNLO WLZJL#KERFL $nlofu}lo! 24/ @BNAHL]A@O I@R W@Z]#ECWN@QCEO] BEOEIA]Z $jò}aouem!

Zezula meohlo Uomloh#Uomloh Rewubnak AomòezalO`/<:277: }eo}loh ke}eolhlkerfllo. Werzer`lo xlfabcecberaklo acblnlo wlzjl#kerfl kewlml klrqlxlooqlwlml zll} wecu}uzlo dubuohlo kerfl l}lu wlml zll}klrqlxlo ceoqenezlaklo clzl kerfloql/ Acblnlo wlzjl#kerfl aoa maberaklo }eru}lcl bermlzlrklo clzl kerfl mlok`cweozlza klrqlxlo wlml zll} wecu}uzlo dubuohlokerfl l}lu zenezlaoql clzl kerfl/

Ao ljj`rmloje xa}d Nlx ì }de Rewubnaj ì Aomòezal O`/ <:277: renl}aoh }` nlb`r rehunl}aòz. }de J`cwloq az re|uarem }` wr`yame w`z}#ecwn`qceo} beoeia}z }` a}z ecwn`qeez xdeo }dear ecwn`qceo} az }ercaol}em `r xdeo }deq re}are/ ]deze beoeia}z lre wraclranq blzem ò qelrz ì zeryaje lom }de ecwn`qeez‑ j`cweozl}aò l} }ercaol}aò `r re}areceo}/

Kexlfablo acblnlo kerfl flohkl wlofloh mlo wlzjl#kerfl

cenawu}a weozauo. ju}a beracblnlo flohkl wlofloh. ulohwazld. uloh weohdlrhllo mlo k`cweozlza nlaooql mada}uoh`ned W] ]`xer Xl}zò Wurblflhl. lk}ulraz aomeweomeo.meohlo ceohhuolklo ce}`me wr`fej}em#uoa}#jrema} /Werda}uohlo }erlkdar manlkuklo }lohhln 8 Floulra 27<</

Nòh#}erc lom w`z}#ecwn`qceo} beoeia}z. zujd lz weozaò.

nòh zeryaje nelye. zeyerloje wlq lom `}der beoeia}z lre jlnjunl}em bq W] ]`xer Xl}zò Wurblflhl . }de aomeweomeo} lj}ulrq. uzaoh }de wr`fej}em#uoa}#jrema} ce}d`m/ ]de nlz} jlnjunl}aò xlz wrewlrem ò 8 Floulrq 27<</

Lzucza#lzucza u}lcl qloh mahuolklo `ned lk}ulrazaomeweomeo lmlnld zeblhla beraku}6

]de clf`r lzzucw}aòz uzem bq }de aomeweomeo} lj}ulrq xere lz i`nn`xz6

27<7 2771 2774

Lzucza ekò`ca6 Ejò`caj lzzucw}aòz6

]aohkl} mazkò}` wer }lduo 1% <<% <2% Loouln mazjùo} rl}e ]aohkl} keolaklo weohdlzanlo

mlzlr wer }lduo 4% 8% uo}uk }lduo27<7 mlo 4%zezumldoql

8% i`r qelr 27<7 lom 4% li}erxlrm

9% uo}uk }lduo2771 mlo 4%zezumldoql

9% i`r qelr 2771 lom 4% li}erxlrm

Loouln zlnlrq hr`x}d rl}e

]lben beraku} ceoqlfaklo kexlfablo acblnlo wlzjl#kerflWerzer`lo qloh }erjl}l} ma oerljl. werubldlo acblnlowlzjl#kerfl mlo beblo qloh malkua mlnlc nlw`rlo nlbl ruha}lduo berlkdar :< Mezecber 27<7. 2771 mlo 27746

]de i`nn`xaoh }lbne zucclravez }de `bnahl}aò i`r w`z}# ecwn`qceo} beoeia}z ì }de J`cwloq lz rej`rmem ao }de blnloje zdee}z. c`yeceo} ao }de `bnahl}aò lom etweoze rej`hoavem ao }de z}l}eceo}z ì aoj`ce muraoh }de qelrz eomem :< Mejecber 27<7. 2771 lom 27746

l/ Kexlfablo acblnlo wlzjl#kerfl l/ @bnahl}aò i`r w`z}#ecwn`qceo} beoeia}z

27<7 2771 2774

Wrezeo} ylnue ì `bnahl}aò i`r w`z}#

Oanla kaoa kexlf ablo acblnlo wlzjl#kerfl <24.=<9 85.<=7 5:.512 ecwn`qceo} beoeia}z Keruhalo lk}ulral qloh benuc malkua $=4.=<:! $27.8<2! $<<.594! Uorej`hoavem lj}ulraln n`zzez

Beblo flzl nlnu qloh benuc malkua #oò#yez}em 5.1:2 9.:5: 9.885 Uorej`hoavem wlz} zeryaje j`z} # oò#yez}em

Kexlfablo acblnlo wlzjl#kerfl qloh majl}l} @bnahl}aò i`r w`z}#ecwn`qceo} beoeia}z rej`hoavem

ma mlnlc oerljl $nadl} Jl}l}lo <:! 45.1:5 97.84< =4.811 ao }de blnloje zdee}z $zee O`}e <:!











54

24/ KEXLFABLO ACBLNLO WLZJL#KERFL $nlofu}lo! 24/ @BNAHL]A@O I@R W@Z]#ECWN@QCEO] BEOEIA]Z $jò}aouem!

b/ Beblo acblnlo wlzjl#kerfl b/ W`z}#ecwn qceo} beoeia}z etweozez

27<7 2771 2774

Beblo flzl kaoa <9.755 <7.885 <7.:98 Jurreo} zeryaje j`z}

Beblo buohl 1.548 9.78: =.822 Ao}erez} etweoze Lc`r}azlza l}lz keruhalo lk}ulraln =.579 <.949 <.2<: Lc`r}avl}aò ì lj}ulraln n`zzez Wecunadlo l}lz beblo flzl nlnu # Reyerzln ì wlz}

oò#yez}em $=2<! $=2<! $=2<! zeryaje j`z} # oò#yez}em Beblo qloh malkua wlml Etweoze }` be rej`hoavem ao

}lduo berflnlo 21.828 <4.<<: <5.44< }de jurreo} qelr

j/ Werubldlo kexlfablo acblnlo wlzjl#kerfl j/ C`yeceo} i `bnahl}aò i`r w`z}#ecwn`qceo}

beoeia}z

27<7 2771 2774

@bnahl}aò i`r w`z}#ecwn`qceo} beoeia}z.Kexlf ablo acblnlo wlzjl#kerfl. lxln }lduo 97.84< =4.811 :9.115 behaooaoh ì qelr Beblo acblnlo wlzjl#kerfl wlml }lduo W`z}#ecwn`qceo} beoeia}z etweoze i`r

berflnlo 21.828 <4.<<: <5.44< }de jurreo} qelr Wecblqlrlo acblnlo wlzjl#kerfl zenlcl Wlqceo} ì ecwn`qeez( beoeia}z muraoh }de

}lduo berflnlo $=.58:! $9.<:<! $=.788! jurreo} qelr

Kexlfablo acblnlo wlzjl#kerfl. lkdar }lduo 45.1:5 97.84< =4.811 @bnahl}aò i`r w`z}#ecwn`qceo} beoeia}z. eom ì qelr

21/ ZLNM@ MLO ]RLOZLKZA MEOHLO WADLK QLOHCECWUOQLA DUBUOHLO AZ]ACEXL 21/ BLNLOJEZ LOM ]RLOZLJ]A@OZ XA]D RENL]EM WLR]AEZ

Beraku} lmlnld raojalo zail} dubuohlo az}acexl6 ]de ol}ure ì renl}em wlr}aez az zucclravem lz i`nn`xz6

Wadlk qloh cecwuoqladubuohlo az}acexl

Renl}em wlr}aez Zail} mlra dubuohlo

Ol}ure i renl}aòzdaw

Zail} mlra }rlozlkza

Ol}ure i }rlozlj}aò

W] Blok Mlolcò Aomòezal ]bk Wecehloh zldlc weoheomlna Jò}r`nnaoh zdlred`nmer

Kerflzlcl wecbalqllo mlo weoecwl}lo mlolhar` mlo mew`za}` berflohkl Iaolojaoh

j``werl}aò lom wnljeceo} ao jurreo} ljjùo}z lom }ace mew`za}z

W] Mlql Lmarl Cuz}akl mlo lom Hruw Hrùw

Lianalza meohlo K`cazlraz U}lcl Liianal}e xa}d Wrezameo}

J`ccazzaòer

U}loh melner. balql wer`nedlo wecbalqllokòzuceo Melner wlqlbne. lj|uaza}aò j`z} ì

jòzucer iaolojaoh

W] Lzj` Maolcakl C`banaom` mlo lom Hruw Hrùw

Clolfeceo kuoja qloh zlcl ]de zlce keq clolheceo}

U}loh melner. balql wer`nedlo wecbalqllokòzuceo Melner wlqlbne. lj|uaza}aò j`z} ì

jòzucer iaolojaoh

W] Lmarl \ulo}uc Cun}aiaoloje Macanaka ned wecehloh zldlcweoheomlna qloh zlcl @xoem bq }de zlce jò}r`nnaoh zdlred`nmer

Aoyez}lza mlnlc zldlc Aoyez}ceo}z ao zdlrez

W] Lmarl Zlrlol Lrclml Clolfeceo kuoja qloh zlcl ]de zlce keq clolheceo}

Wecbalqllo kòzuceo Jòzucer iaolojaoh

W] Lzurloza Lmarl Maolcakl Macanaka ned wecehloh zldlcweoheomlna qloh zlcl. clolfeceo

kuoja qloh zlcl mlo wecehlohzldlc @xoem bq }de zlce

jò}r`nnaoh zdlred`nmer. }de zlce keq clolheceo} lom zdlred`nmer

Kerflzlcl lzurloza keomlrllo wecbalqllokòzuceo mlo wecbenalo bnahlza Aozurloje

j``werl}aò ao rezwej} ì c`}`r yedajnez uomer jòzucer iaolojaoh lom wurjdlze ì bòmz











51

21/ ZLNM@ MLO ]RLOZLKZA MEOHLO WADLK QLOHCECWUOQLA DUBUOHLO AZ]ACEXL $nlofu}lo!

21/ BLNLOJEZ LOM ]RLOZLJ]A@OZ XA]D RENL]EM WLR]AEZ $jò}aouem!

Zlnm` mlo }rlozlkza meohlo wadlk qloh cecwuoqladubuohlo az}acexl lmlnld zeblhla beraku}6

Blnlojez lom }rlozlj}aòz xa}d renl}em wlr}aez lre lz i`nn`xz6

− Bermlzlrklo werflofalo wecbalqllo berzlcl wlml

}lohhln :7 Lwran 277= mlo maubld wlml }lohhln 1 Funa277=. Werzer`lo mlo W] Blok Mlolcò Aomòezal ]bkze}ufu uo}uk cenlkuklo kerflzlcl wecberalo ilzana}lzwecbalqllo berzlcl kewlml kòzuceo/ W`rzawecbalqllo W] Blok Mlolcò Aomòezal ]bk lmlnldclkzacln zebezlr 11% mlra fucnld wecbalqllo mlo

w`rza Werzer`lo caoacuc zebezlr <% mlra fucnldwecbalqllo/ W] Blok Mlolcò Aomòezal ]bkceoeo}uklo }aohkl} buohl ze}lduo wlml }lduo 27<7zebezlr 1.9:% # <:.47% $27716 <9.9<% # <8.7=%;27746 <:.2:% # <5.=5%!; mlo ceouofuk Werzer`lozeblhla weohen`nl wau}loh. lo}lrl nlao ceohen`nl mloceol}luzldlklo wau}loh. ceoqacwlo m`kuceo mlocecberaklo flzl lmcaoaz}rlza kewlml ze}alwkòzuceo/ W] Blok Mlolcò Aomòezal ]bk berdlkceomlwl}klo w`rza meoml ke}ernlcbl}lo zebezlr <7%mlra weomlwl}lo meoml qloh zumld ma}eracl Werzer`lomlra wecbalqllo kòzuceo qloh mabalqla meohloilzana}lz wecbalqllo berzlcl/

− Blzem ò }de fào} iaolojaoh lhreeceo} ml}em :7 Lwran 277=. xdajd xlz lceomem ò 1 Funq 277=. }de J`cwloq lom W] Blok Mlolcò Aomòezal ]bk lhreem }` eo}er ao}` l fào} iaolojaoh iljana}q lhreeceo} i`r jòzucer iaolojaoh/ ]de w`r}aò ì rejeaylbnez iaolojem bq W] Blok Mlolcò Aomòezal ]bk az cltacuc l} 11% ì }de blnloje }` be iaolojem lom }de

w`r}aò ì rejeaylbnez iaolojem bq }de J`cwloq az caoacuc l} <% ì }de blnloje }` be iaolojem/ W] Blok Mlolcò Aomòezal ]bk jdlrhem ao}erez} rl}ez wer loouc ao 27<7 l} 1/9:% # <:/47% $27716 <9/9<% # <8/7=%; 27746 <:/2:% # <5/=5%!; lom lzzahoem }de J`cwloq }` clolhe }de rejeaylbnez. xdajd aojnumez clolhaoh lom lmcaoaz}eraoh }de rejeaylbnez.zliekeewaoh ì m`juceo}z lom wr`yamaoh lmcaoaz}rl}aye zeryajez }` eljd juz}`cer/ W] Blok Mlolcò Aomòezal ]bk dlz rahd} }` elro <7% ì nl}e jdlrhez.xdajd dlye beeo rejeayem bq }de J`cwloq ir`c jòzucer iaolojaoh }dl} lre iaolojem xa}d fào} iaolojaoh iljana}q/

Werzer`lo ceoecwl}klo mlol har` mlo mew`za}`

berflohkl wlml W] Blok Mlolcò Aomòezal ]bk/

]de J`cwloq clao}laoz jurreo} ljjùo}z lom }ace

mew`za}z l} W] Blok Mlolcò Aomòezal ]bk/

− W] Lzurloza Lmarl Maolcakl mlo Werzer`loceohlmlklo werflofalo kerflzlcl. maclol Werzer`lo}enld ceouofuk W] Lzurloza Lmarl Maolcakl uo}ukceoqemalklo wernaomuohlo lzurloza l}lz keomlrlloberc`}`r qloh mabena kòzuceo meohlo wecbalqlloWerzer`lo/

− W] Lzurloza Lmarl Maolcakl lom }de J`cwloq eo}erem ao}` l j``werl}aò lhreeceo}. xderebq }de J`cwloq lwwào}em W] Lzurloza Lmarl Maolcakl }` `b}lao aozurloje j`yerlhe i`r jòzucerz‑ c`}`r yedajnez xdajd lre iaolojem bq }de J`cwloq/

− Werzer`lo cecberaklo wecbalqllo kòzuceo kewlmlW] Lmarl Zlrlol Lrclml meohlo zqlrl} mlo kòmazao`rcln qloh zlcl meohlo wadlk ke}ahl/

− ]de J`cwloq wr`yamem jòzucer iaolojaoh }` W] Lmarl Zlrlol Lrclml xa}d }de zlce }ercz lom jòma}aòz hayeo }` }darm wlr}aez/

]rlozlkza meohlo wadlk qloh cecanaka dubuohlo az}acexl.kejulna waoflclo kewlml klrqlxlo kuoja. mawernlkuklo

zlcl meohlo }rlozlkza meohlo wadlk nlaooql/

]rlozlj}aòz xa}d renl}em wlr}aez. etjew} i`r n`loz }` keq werzòoenz. lre ò o`rcln j`ccerjaln }ercz/











97



l/ Klz mlo ze}lrl klz $nadl} Jl}l}lo =! l/ Jlzd lom jlzd e|uaylneo}z $zee O`}e =! 27<7 2771 2774

W] Blok Mlolcò Aomòezal ]bk :=1.78< 288.249 2=4.<85 W] Blok Mlolcò Aomòezal ]bk

Werzeo}lze }erdlmlw fucnld lze} =/51% 9/=7% 9/1<% Werjeo}lhe ì }`}ln lzze}z

b/ Wau}loh wecbalqllo kòzuceo $nadl} Jl}l}lo 5! b/ Jòzucer iaolojaoh rejeaylbnez $zee O`}e 5!

27<7 2771 2774

W] Lmarl Zlrlol Lrclml W] Lmarl Zlrlol Lrclml Wau}loh wecbalqllo kòzuceo # bru}` # # 5.9<9 Jòzucer iaolojaoh rejeaylbnez # hr`zz

Weomlwl}lo wecbalqllo kòzuceo qloh

benuc malkua # # $:7=! Uoelroem jòzucer iaolojaoh aoj`ce

Weoqazadlo keruhalo weouruolo oanla # # $5:! Lnn`xloje i`r acwlarceo} n`zzez

# # 5.251

Klrqlxlo kuoja Keq werzòoen Wau}loh wecbalqllo kòzuceo # bru}` <8< # # Jòzucer iaolojaoh rejeaylbnez # hr`zz

Weomlwl}lo wecbalqllo kòzuceo qloh

benuc malkua $<4! # # Uoelroem jòzucer iaolojaoh aoj`ce

<5: # #

<5: # 5.251

Werzeo}lze }erdlmlw fucnld lze} 7/77% # 7/<5% Werjeo}lhe ì }`}ln lzze}z j/ Beblo }lohhudlo $nadl} Jl}l}lo 8! j/ Meierrem jdlrhez $zee O`}e 8!

27<7 2771 2774

W] Mlql Lmarl Cuz}akl mlo Hruw # 5.=5< 9.1=< W] Mlql Lmarl Cuz}akl lom Hrùw

W] Lzj` Maolcakl C`banaom` mlo Hruw # 42: 9<2 W] Lzj` Maolcakl C`banaom` lom Hrùw

# 9.28= 8.55:

Werzeo}lze }erdlmlw fucnld lze} # 7/<=% 7/2<% Werjeo}lhe ì }`}ln lzze}z

m/ Wau}loh nlao#nlao $nadl} Jl}l}lo 4! m/ @}der rejeaylbnez $zee O }e 4!

27<7 2771 2774

Klrqlxlo kuoja <.58= 2.218 :.958 Keq werzòoenz

W] Blok Mlolcò Aomòezal ]bk # # 8:5 W] Blok Mlolcò Aomòezal ]bk

<.58= 2.218 =.:12

Werzeo}lze }erdlmlw fucnld lze} 7/72% 7/75% 7/<2% Werjeo}lhe ì }`}ln lzze}z e/ Aoyez}lza mlnlc zldlc $nadl} Jl}l}lo 1! e/ Aoyez}ceo} ao zdlrez $zee O`}e 1!

27<7 2771 2774

W] Lmarl \ulo}uc Cun}aiaoloje 957 957 # W] Lmarl \ulo}uc Cun}aiaoloje

Werzeo}lze }erdlmlw fucnld lze} 7/7<% 7/72% # Werjeo}lhe ì }`}ln lzze}z











9<



i/ Beblo qloh clzad dlruz mablqlr $nadl} Jl}l}lo <:! i/ Ljjruem etweozez $zee O`}e <:!

27<7 2771 2774

W] Lzurloza Lmarl Maolcakl :.415 2.=72 <:4 W] Lzurloza Lmarl Maolcakl

Werzeo}lze }erdlmlw fucnld kexlfablo 7/<7% 7/<=% 7/7<% Werjeo}lhe ì }`}ln nalbana}aez

h/ U}loh bnahlza $nadl} Jl}l}lo <=! h/ Bòmz wlqlbne $zee O }e <=!

27<7 2771 2774

W] Lzurloza Lmarl Maolcakl 22<.777 <29.777 <5.777 W] Lzurloza Lmarl Maolcakl

Werzeo}lze }erdlmlw fucnld kexlfablo 5/4<% 8/5<% 7/1<% Werjeo}lhe ì }`}ln nalbana}aez

d/ U}loh nlao#nlao $nadl} Jl}l}lo <5! d/ @}der wlqlbnez $zee O`}e <5!

27<7 2771 2774

W] Lzurloza Lmarl Maolcakl 47.477 =<.4=4 :1.<2= W] Lzurloza Lmarl Maolcakl W] Mlql Lmarl Cuz}akl mlo Hruw 9<= 521 # W] Mlql Lmarl Cuz}akl lom Hrùw

W] Lzj` Maolcakl C`banaom` mlo Hruw :74 # # W] Lzj` Maolcakl C`banaom` lom Hrùw

4<.822 =2.:88 :1.<2=

Werzeo}lze }erdlmlw fucnld kexlfablo 2/<5% 2/5:% 2/:4% Werjeo}lhe ì }`}ln nalbana}aez a/ Weomlwl}lo wecbalqllo kòzuceo

$nadl} Jl}l}lo 27!a/ Jòzucer iaolojaoh aoj`ce $zee O }e 27!

27<7 2771 2774

Klrqlxlo kuoja <2 # # Keq werzòoen W] Lmarl Zlrlol Lrclml # 278 2.75< W] Lmarl Zlrlol Lrclml

<2 278 2.75<

Werzeo}lze }erdlmlw fucnld weomlwl}lo 7/77% 7/7<% 7/79% Werjeo}lhe i }`}ln aoj`ce

f/ Weomlwl}lo nlao#nlao $nadl} Jl}l}lo 2<! f/ @}der aoj`ce $zee O }e 2<!

27<7 2771 2774

Buohl flzl har` ma Ao}erez} aoj`ce ir`c jurreo} ljjùo}z l} W] Blok Mlolcò Aomòezal ]bk 9.74< 4:8 <.21= W] Blok Mlolcò Aomòezal ]bk

Buohl mew`za}` berflohkl ma Ao}erez} aoj`ce ir`c }ace mew`za}z l}

W] Blok Mlolcò Aomòezal ]bk =5 2<.48< <.752 W] Blok Mlolcò Aomòezal ]bk

9.<29 22.874 2.:=9

Werzeo}lze }erdlmlw fucnld weomlwl}lo 7/<9% 7/54% 7/78% Werjeo}lhe i }`}ln aoj`ce











92



k/ Weoqazadlo keruhalo weouruolo oanla wau}lohwecbalqllo kòzuceo $nadl} Jl}l}lo 5!

k/ Lnn xloje i r acwlarceo} n`zzez o jòzucer iaolojaoh rejeaylbnez $zee O`}e 5!

27<7 2771 2774

W] Lmarl Zlrlol Lrclml # $5:! $<=2! W] Lmarl Zlrlol Lrclml

Werzeo}lze }erdlmlw fucnld beblo # 7/77% 7/77% Werjeo}lhe i }`}ln etweozez n/ Beblo buohl mlo keulohlo $nadl} Jl}l}lo 25! n/ Ao}erez} etweoze lom iaolojaoh jdlrhez $zee O`}e 25!

27<7 2771 2774

W] Lzurloza Lmarl Maolcakl <1.52< <2.5=< :.<7= W] Lzurloza Lmarl Maolcakl

Werzeo}lze }erdlmlw fucnld beblo 7/11% 7/55% 7/<9% Werjeo}lhe i }`}ln etweozez c/ Beblo wer`nedlo wecbalqllo kòzuceo $nadl}

Jl}l}lo 29!c/ Lj|uza}aò j`z} i jòzucer iaolojaoh $zee

O`}e 29!

27<7 2771 2774

W] Mlql Lmarl Cuz}akl mlo Hruw # 9.4<4 8.252 W] Mlql Lmarl Cuz}akl lom Hrùw

W] Lzj` Maolcakl C`banaom` mlo Hruw # 8<9 97= W] Lzj` Maolcakl C`banaom` lom Hrùw

# 8.5:= 8.459

Werzeo}lze }erdlmlw fucnld beblo # 7/::% 7/=7% Werjeo}lhe ì }`}ln etweozez o/ Wreca lzurloza kewlml W] Lzurloza Lmarl Maolcakl

uo}uk wernaomuohlo lzurloza l}lz keomlrllo berc`}`rqloh mabena kòzuceo cenlnua wecbalqllo Werzer`lomlo lze} }e}lw Werzer`lo uo}uk }lduo berlkdar:< Mezecber 27<7. 2771 mlo 2774 clzaoh#clzaohzebezlr Rw 4:9/992. Rw =81/782 mlo Rw 5<4/91</

o/ Aozurloje wrecaucz }` W] Lzurloza Lmarl Maolcakl }` j`yer }de aozurloje i`r juz}`cerz‑ c`}`r yedajnez xdajd lre iaolojem bq }de J`cwloq lom }de J`cwloq‑z iatem lzze}z i`r }de qelrz eomem :< Mejecber 27<7. 2771 lom 2774 lcùo}em }` Rw 4:9.992. Rw =81.782 lom Rw 5<4.91<. rezwej}ayenq/

:7/ CLOLFECEO RAZAK@ KEULOHLO :7/ IAOLOJALN RAZK CLOLHECEO]

Weomldunulo mlo hlcblrlo ucuc Ao}r`muj}aò lom yeryaex

Werzer`lo cecanaka ekzw`zur }erdlmlw razak`#razak` l}lzaoz}ruceo keulohlo zeblhla beraku}6

]de J`cwloq dlz etw`zure }` }de i`nn`xaoh razkz ir`c iaolojaln aoz}ruceo}z6

• Razak` wlzlr

• Razak` krema}

• Razak` nakuama}lz

• Razak` werlzaòln

• Clrke} razk • Jrema} razk

• Na|uama}q razk

• @werl}aòln razk











9:

:7/ CLOLFECEO RAZAK@ KEULOHLO $nlofu}lo! :7/ IAOLOJALN RAZK CLOLHECEO] $jò}aouem!

Kerlohkl clolfeceo razak` Razk clolheceo} irlcex`rk

Ceohaohl} bldxl weoerlwlo wrlk}ak clolfeceo razak`qloh blak mlwl} ceomukuoh kaoerfl mlra weruzldllowecbalqllo. clkl clolfeceo razak` zenlnu ceoflmaeneceo weomukuoh weo}aoh blha Werzer`lo mlnlcceoflnloklo r`ml bazoazoql/ Zlzlrlo mlo }ufulo u}lclmlra ma}erlwklooql wrlk}ak clolfeceo razak` ma Werzer`lolmlnld uo}uk ceoflhl mlo cenaomuoha Werzer`lo cenlnuaweohen`nllo razak` keruhalo qloh cuohkao }acbun mlraberblhla lk}aya}lzoql zer}l ceoflhl }aohkl} razak` lhlr

zezula meohlo lrldlo qloh zumld ma}e}lwklo `nedWerzer`lo/

Jòzameraoh }dl} h``m razk clolheceo} wrlj}ajez acwneceo}l}aò jùnm be}}er zuww`r} }de weri`rcloje ì l iaoloje j`cwloq. deoje }de razk clolheceo} xùnm lnxlqz be lo acw`r}lo} zuww`r}aoh eneceo} i`r }de J`cwloq ao ruooaoh a}z buzaoezz xdeen/ ]de }lrhe} lom clao wurw`ze ì }de acwneceo}l}aò ì razk clolheceo} wrlj}ajez ao }de J`cwloq az }` clao}lao lom wr`}ej} }de J`cwloq }drùhd clolhaoh }de razk ì n`zzez. xdajd cahd} lraze ir`c a}z ylraùz lj}aya}aez lz xenn lz clao}laoaoh

razk neyen ao `rmer }` cl}jd xa}d }de marej}aò lnrelmq ez}lbnazdem bq }de J`cwloq/

Z}rl}eha uo}uk ceomukuoh zlzlrlo mlo }ufulo mlraclolfeceo razak` maxufumklo meohlo wecbeo}uklo mloweohecblohlo bumlql razak` qloh kul}. weoerlwlo wrlk}ak]l}l Ken`nl Weruzldllo qloh Blak. wenez}lralo oanla#oanlakewl}udlo }erdlmlw rehunlza. aoirlz}ruk}ur qloh ceclmla.zer}l wr`zez kerfl qloh }erz}ruk}ur mlo zedl}/ Bumlqlrazak` qloh kul} aoa majaw}lklo meohlo cecblohuokezlmlrlo razak` qloh kul} macunla mlra Mexlo K`cazlraz.Marekza zlcwla kewlml zenurud klrqlxlo Werzer`lo/ ]l}lKen`nl Weruzldllo qloh Blak maz`zalnazlzaklo mlomakecblohklo zejlrl ceoqenurud wlml zecul k`cwòeomlo lk}aya}lz Werzer`lo zer}l manlkzlolklo meohlo }lowl

k`cwr`ca/ Oanla#oanla kewl}udlo }erdlmlw werl}urlo qlohlml mlo bernlku dlruz mabumlqlklo mlo cenekl} wlmlzecul klrqlxlo Werzer`lo qloh mawacwao `ned flflrloClolfeceo Werzer`lo/ Aoirlz}ruk}ur razak` mablohuocenlnua }erzemaloql kebaflklo mlo wr`zez qloh }ewl} mlozezula meohlo kòmaza }erkaoa. weohecblohlo zaz}ec mloml}lblze razak` qloh berkenlofu}lo. zer}l }ekoak mloce}`m`n`ha weohen`nllo qloh c`mero/ Cecblohuo wr`zezmlo keclcwulo razak` qloh zedl} mlo kul} lmlnld zebuldweohklfalo qloh berkezaolcbuohlo }erdlmlw }ufuloweolohlolo razak` zer}l berblhla lk}aya}lz qlohceoqlohku} weolohlolo razak`. zewer}a ameo}aiaklza.weohukurlo. weclo}lulo mlo weoheomlnalo razak`/

Z}rl}ehaez }` zuww`r} }de h`lnz lom `bfej}ayez ì razk clolheceo} az lj}ulnavem }drùhd }de i`rcl}aò lom meyen`wceo} ì l z}ròh razk jun}ure. }de acwneceo}l}aò ì H``m J`rw`rl}e H`yeroloje wrlj}ajez. wrezeryaoh }de ylnuez ì j`cwnaloje xa}d rehunl}aòz. lme|ul}e aoirlz}ruj}ure. lz xenn lz z}ruj}urem lom deln}dq x`rkaoh wr`jezzez/ ]daz z}ròh razk jun}ure az jrel}em bq buanmaoh l z}ròh lxlreoezz ì razk z}lr}aoh ir`c }de B`lrm ì J`ccazzaòerz. B`lrm ì Marej}`rz }` }de eo}are ecwn`qeez ì }de J`cwloq/ H``m J`rw`rl}e H`yeroloje az z`jalnavem lom meyen`wem }d`rùhdnq ao lnn j`cwòeo}z lom lj}aya}aez xa}dao }de J`cwloq lom beaoh acwneceo}em

xa}dù} j`cwr`caze/ ]de ylnuez ì j`cwnaloje }` }de etaz}aoh lom wreylanaoh rehunl}aòz zdùnm be jun}ayl}em lom ecbemmem ao}` lnn ecwn`qeez ì }de J`cwloq. nem bq }de clolheceo} rlokz ì }de J`cwloq/ Razk aoirlz}ruj}ure az buan} }drùhd }de lylanlbana}q ì lwwr`wral}e w`najaez lom wr`jezzez lom ao naoe xa}d jurreo} jòma}aòz.jò}aouùz meyen`wceo} ì zqz}ecz lom razk ml}lblze. lz xenn lz c`mero clolheceo} }ejdoa|uez lom ce}d`m`n`haez/ Buanmaoh z}ròh lom deln}dq wr`jezzez lz xenn lz razk jlwlbana}aez az l jò}aouùz lzzezzceo} ò `bfej}ayez ì razkz dlomnaoh lz xenn lz ylraùz lj}aya}aez aoy`nyaoh razkz dlomnaoh. zujd lz ameo}aiajl}aò.celzureceo}. còa}`r lom razk jò}r`n/











9=


Kerlohkl clolfeceo razak` $nlofu}lo! Razk clolheceo} irlcex`rk $jò}aouem!

Iuohza clolfeceo razak` fuhl berkexlfablo uo}uk ceoflhllrldlo razak` qloh mlwl} ma}eracl mlo maze}ufua `ned MexloK`cazlraz mlo Marekza meohlo }e}lw berwem`clo mloclcwu ceoqezulaklo mara meohlo werkecblohlo uzldl/]lduo aoa ceruwlklo kenlofu}lo mlra }lduo#}lduozebenucoql }erkla} meohlo „Weoerlwlo Clolfeceo Razak`zejlrl Kòz`namlza blha Blok qloh CenlkukloWeoheomlnalo }erdlmlw Weruzldllo Lolk–. qlohmanlkzlolklo Werzer`lo mlnlc klwlza}lzoql zeblhla

Weruzldllo Lolk mlra W] Blok Mlolcò Aomòezal ]bk.wecehloh zldlc weoheomlna Werzer`lo/ Lk}aya}lz aoaceohlju kewlml Werl}urlo Blok Aomòezal O`/49WBA2779 }er}lohhln :7 Floulra 2779. qloh clolweoerlwlo clolfeceo razak` Werzer`lo ceruwlkloweomekl}lo }erwlmu mlo kòzaz}eo mlnlc cenlkukloweoenlldlo. weohukurlo. weclo}lulo mlo weohen`nllorazak` }erdlmlw zenurud k`cwòeo ken`cw`k Werzer`lo/Nebad nlofu}. keca}rllo lo}lrl Werzer`lo meohloWeruzldllo Aomuk ceruwlklo dln qloh zlohl} weo}aoh.ceohaohl} kemuloql ceohdlmlwa }lo}lohlo rehaòln mlohn`bln qloh zlcl mlnlc ceohen`nl wer}ucbudlo bazoazqloh jewl} mlo mlnlc zulzlol k`cwe}aza qloh ke}l}.olcuo wlml zll} qloh berzlcllo dlruz }e}lw clcwuceoqeneohhlrlklo wrlk}ak bazoaz }erzebu} bermlzlr mloceohlju kewlml wraozaw kedl}a#dl}alo/

Razk clolheceo}‑z iuoj}aò az lnz` }` d`nm }de mu}q ì clao}laoaoh }de marej}aò ì razk }dl} az ljjew}lbne lom lwwr`yem bq }de B`lrmz ì J`ccazzaòerz lom Marej}`rz z` }dl} a} xùnm reclao huamem lom jlwlbne ì lmlw}aoh xa}d buzaoezz meyen`wceo}/ ]daz qelr az l jò}aoul}aò ì wreyaùz qelrz ao }ercz ì }de "Acwneceo}l}aò ì Jòz`naml}em Razk Clolheceo} i`r Blokz Weri`rcaoh Jò}r`n ò Zubzamalrq J`cwloaez". xdajd az acwneceo}em bq }de J`cwloq ao a}z jlwlja}q lz }de Zubzamalrq ì

W] Blok Mlolcò Aomòezal ]bk. }de jò}r`nnaoh zdlred`nmer ì }de J`cwloq/ ]daz lj}aya}q reierz }` Blok Aomòezal Rehunl}aò O`/ 49WBA2779 ml}em :7 Floulrq 2779. ao xdajd }de J`cwloq‑z razk clolheceo} acwneceo}l}aò az lo ao}ehrl}em lom jòzaz}eo} lwwr`ljd ao jòmuj}aoh reyaex. celzureceo}. còa}`raoh lom razk clolheceo} ì }de eo}are j`cwòeo}z ì }de J`cwloq‑z hrùw/ Iur}derc`re. }de wlr}oerzdaw be}xeeo }de J`cwloq lom a}z Wlreo} J`cwloq az ì hrel} acw`r}loje. jòzameraoh b`}d j`cwloaez ilje }de zlce rehaòln lom hn`bln jdlnneohez ao clolhaoh rlwam buzaoezz hr`x}d lom ao}eoze j`cwe}a}aò l}c`zwdere. d`xeyer l} }de zlce }ace cuz} reclao jlwlbne ì jòmuj}aoh }de buzaoezz wrlj}ajez.blzem uwò lom ao reiereoje }` }de wrumeoje wraojawne/

Zeblhla Werzer`lo qloh berherlk ma bamloh wecbalqllo.Clolfeceo Werzer`lo cecanaka k`ca}ceo weoud uo}ukceoerlwklo clolfeceo razak` zejlrl k`cwredeozai qlohzejlrl ezeoza ceojlkuw kejukuwlo kebaflklo. wr`zemurmlo ce}`m`n`ha weohen`nllo razak` zedaohhl kehal}louzldl Werzer`lo }e}lw mlwl} }erlrld mlo }erkeomlna wlmlbl}lzlo razak` qloh mlwl} ma}eracl. zer}l }e}lwceohuo}uohklo Werzer`lo/ Marek}`rl} Clolfeceo Razak`qloh berwerlo zejlrl lk}ai mlnlc ceohk``rmaolzaklo}aomlklo#}aomlklo weojehldlo. wr`lk}ai mlo rezwòzaimeohlo zenurud klrqlxlo mlra berblhla }aohkl}lo qloh lmlma mlnlc Werzer`lo uo}uk ceomukuoh weoerlwloclolfeceo razak` aoa. klreol zecul blhalo ma mlnlcWerzer`lo clzaoh#clzaoh lklo ceclaoklo werlolo

weo}aoh/

Lz l j`cwloq eohlhez ao iaolojaoh lj}aya}aez. }de J`cwloq‑z Clolheceo} dlz iunn j`cca}ceo} }` acwneceo} razk clolheceo} j`cwredeozayenq. xdajd ezzeo}alnnq j`yerz }de lme|uljq ì w`najaez. wr`jemurez lom razk clolheceo} ce}d`m`n`hq. deoje }de J`cwloq(z buzaoezz lj}aya}aez jùnm reclao marej}em lom jò}r`nnem ao lo ljjew}lbne razk naca}. l} }de zlce }ace z}ann wrìa}lbne/ Razk Clolheceo} Marej}`rl}e az wnlqaoh lo lj}aye r`ne ao j``rmaol}aoh wreyeo}aye. wr`lj}aye lom rezwòzaye lj}aòz xa}d lnn ecwn`qeez ir`c ylraùz neyenz xa}dao }de J`cwloq ao `rmer }` zuww`r} }de acwneceo}l}aò ì razk clolheceo}.bejluze lnn mayazaòz ì }de J`cwloq xann wnlq }dear rezwej}aye acw`r}lo} r`nez/

Mlnlc weoerlwlo clolfeceo razak`. Werzer`lo ceoqlmlraweo}aohoql uo}uk cecanaka zebuld cekloazce qlohceclmla mlnlc ceohlk`c`mlza razak`#razak` qlohmadlmlwa `ned Werzer`lo/ Werzer`lo cecanaka zul}ucekloazce qloh ber}ucwu wlml = $ecwl}! wanlrclolfeceo razak`. qloh mlwl} maurlaklo zeblhla beraku}6

Ao }de lwwnajl}aò ì razk clolheceo}. }de J`cwloq relnavez }de acw`r}loje ì dlyaoh lo lme|ul}e cejdloazc }` ljj`cc`ml}e }de razkz iljem bq }de J`cwloq/ ]de J`cwloq dlz l cejdloazc }dl} az blzem uwò = $iùr! razk clolheceo} wannlrz. ao xdajd jùnm be mezjrabem lz i`nn`xz6

Wanlr <6 Weohlxlzlo Lk}ai Mexlo K`cazlraz mlo Marekza Wannlr <6 Lj}aye Zuweryazaò bq B`lrmz ì J`ccazzaòerz lom Marej}`rz

Weohlxlzlo lk}ai }erzebu} }erjercao zeflk wereojlollobazoaz }lduolo. qloh ceojlkuw6

Lj}aye zuweryazaò az reinej}em zaoje }de wnlooaoh ì loouln buzaoezz wnlo. xdajd aojnumez6

• Ceoqe}ufua mlo cenlkuklo eylnulza kebaflkloclolfeceo razak` zejlrl berklnl;

• Lwwr`yaoh lom eylnul}aoh razk clolheceo} w`najaez ò l rehunlr blzaz;











95


Kerlohkl clolfeceo razak` $nlofu}lo! Razk clolheceo} irlcex`rk $jò}aouem!

Wanlr <6 Weohlxlzlo Lk}ai Mexlo K`cazlraz mlo Marekza$nlofu}lo!

Wannlr <6 Lj}aye Zuweryazaò bq B`lrmz ì J`ccazzaòerz lom Marej}`rz $jò}aouem!

• Cenlkuklo eylnulza mlo ceoqe}ufua lk}aya}lz qlohcecernuklo werze}ufulo mlra Mexlo K`cazlraz l}luMarekza;

• Ceoe}lwklo kebaflklo mlo z}rl}eha clolfeceo razak`}erclzuk weoe}lwlo `}`ra}lz mlnlc wecberalobl}lzlo zer}l }aoflulo l}lz kulna}lz w`r}ì`na` zejlrl

berklnl;• ]ermlwl}oql K`ca}e Luma} mlo Clolfeceo Razak`

zeblhla rhlo Mexlo K`cazlraz mlnlc cenlkzlolkloiuohza weohlxlzlooql; mlo

• Cecbeo}uk k`ca}e qloh }erkla} meohlo weoerlwloclolfeceo razak`. qla}u K`ca}e Clolfeceo Razak`/

• Eylnul}aoh lom lwwr`yaoh lj}aya}aez }dl} re|uare lwwr`yln ir`c }de B`lrm ì J`ccazzaòerz `r B`lrm ì Marej}`rz;

• Ez}lbnazdaoh razk clolheceo} w`najaez lom z}rl}ehaez.xdajd aojnume me}ercaoaoh }de lu}d`ravl}aò ao naca}z wr`yazaò lom reyaexaoh }de |ulna}q ì w`r}i`na` ò l

rehunlr blzaz; • ]de wrezeoje ì }de Luma} lom Razk Clolheceo}

J`cca}}ee lz lo `rhlo ì }de B`lrm ì J`ccazzaòerz ao jlrrqaoh ù} }dear zuweryaz`rq iuoj}aòz; lom

• Ez}lbnazdaoh j`cca}}eez ao renl}aò }` }de acwneceo}l}aò ì razk clolheceo}. a/e/ }de Razk Clolheceo} J`cca}}ee/

Kerlohkl kòz`namlza clolfeceo razak` meohloWeruzldllo Aomuk }erzeneohhlrl ceohaohl} }ermlwl}oqlxlkan mlra Weruzldllo Aomuk mlnlc flflrlo MexloK`cazlraz Werzer`lo/ Kerlohkl }erzebu} fuhl manlkzlolklocenlnua wecerakzllo kaoerfl zejlrl berklnl `nedWeruzldllo Aomuk }erdlmlw Werzer`lo. ceoqlohku}

kaoerfl keulohlo. weohlxlzlo zaz}ec aoi`rclza lkuo}loza.zer}l }aohkl} kezedl}lo mlo wrìan razak` mlra lze}wecbalqllo Werzer`lo/

]de jòz`naml}em razk clolheceo} irlcex`rk xa}d Wlreo} J`cwloq az ez}lbnazdem lz }dere lre rewrezeo}l}ayez ir`c Wlreo} J`cwloq ao }de B`lrm ì J`ccazzaòerz/ ]de irlcex`rk az lnz` acwneceo}em }drùhd rehunlr weri`rcloje lzzezzceo} bq }de Wlreo} J`cwloq ò }de J`cwloq. jòjeroaoh }de iaolojaln weri`rcloje. còa}`raoh

ò ljjùo}aoh aoi`rcl}aò zqz}ec. lz xenn lz }de neyen ì deln}daoezz lom razk wrìane ì }de J`cwloq‑z iaolojem lzze}z/

Wanlr 26 Kebaflklo mlo Weoerlwlo Bl}lzlo Wannlr 26 W`najq lom Acwneceo}l}aò i Naca}z Werzer`lo ceoquzuo kebaflklo#kebaflklo }erkla}clolfeceo razak` qloh mawerakzl zejlrl berklnl mlozenlnu mazezulaklo meohlo kelmllo uzldl }erkaoa/Kebaflklo }erzebu} ma}erfecldklo ke mlnlc Wr`zemur@werlza Z}lomlr mlo Cec` Ao}eroln qloh maz`zalnazlzaklokewlml zenurud klrqlxlo/ Werzer`lo fuhl cecanakakebaflklo#kebaflklo ceoheola bl}lzlowerze}ufulo`}`razlza uo}uk }rlozlkza krema} cluwuo qlohbuklo }rlozlkza krema}/

]de J`cwloq meyen`wz w`najaez renl}em }` razk clolheceo}. xdajd lre lzzezzem wera`majlnnq lom lmlw}em jòz}lo}nq }` ia} }de c`z} rejeo} buzaoezz za}ul}aò/ ]de w`najq az }rloznl}em ao}` Z}lomlrm @werl}aoh Wr`jemurez lom Ao}eroln Cec`. xdajd lre beaoh z`jalnavem }` lnn ecwn`qeez/]de J`cwloq lnz` dlz w`najaez rehlrmaoh naca}l}aò ò lwwr`ylnlu}d`ravl}aò i`r b`}d jrema} lom oò#jrema} }rlozlj}aòz/

Kerlohkl kòz`namlza clolfeceo razak` meohloWeruzldllo Aomuk }erzeneohhlrl ceohaohl} Werzer`loceomlwl}klo werze}ufulo mlra Weruzldllo Aomuk uo}ukweohlfulo bl}lzlo blru cluwuo lmloql wr`zezwecerakzllo }lduolo l}lz wr`hrlc krema}/ Kebaflkloweoqazadlo keruhalo weouruolo oanla wau}loh Werzer`lo fuhl ceohaku}a kebaflklo weoqazadlo wlml WeruzldlloAomuk qloh zeflnlo mlo wl}ud }erdlmlw Werl}urlo BlokAomòezal $zenlku rehunl}`r Weruzldllo Aomuk!/

]de jòz`naml}em razk clolheceo} irlcex`rk az ez}lbnazdem xa}d Wlreo} J`cwloq zaoje }de J`cwloq `b}laoz lwwr`yln ir`c Wlreo} J`cwloq i`r wr`w`zln ì oex naca}z lom loouln lzzezzceo} wr`jezz i`r jrema} wr`hrlcz az ao wnlje/ ]de J`cwloq‑z lnn`xloje i`r acwlarceo} n`zzez ò rejeaylbnez w`najq zdùnm lnz` i`nn`x }de Wlreo} J`cwloq(z. xdajd az ao naoe lom ao j`cwnaloje xa}d Blok Aomòezal Rehunl}aò $lz }de rehunl}`r ì Wlreo} J`cwloq!/











99


Kerlohkl clolfeceo razak` $nlofu}lo! Razk clolheceo} irlcex`rk $jò}aouem! Wanlr :6 Ameo}aiaklza. Weohukurlo. Weohlxlzlo mloZaz}ec Aoi`rclza Clolfeceo

Wannlr :6 Ameo}aiajl}aò. Celzureceo}. Còa}`raoh lom Clolheceo} Aoi`rcl}aò Zqz}ec

Werzer`lo cecanaka werlohkl} uo}uk ceohameo}aiaklza.ceohukur mlo ceohlxlza razak` }eru}lcl razak` krema} mlorazak` `werlzaòln cenlnua cekloazce wenlw`rlo mlozaz}ec aoi`rclza clolfeceo qloh lml zer}l cenlnuawer}eculo berklnl K`ca}e Luma} mlo Clolfeceo Razak`Werzer`lo/ Zenlao a}u. zaz}ec }eko`n`ha aoi`rclza u}lclWerzer`lo clcwu ceoqemalklo ml}laoi`rclza zejlrljewl} mlo lkurl} kewlml wadlk Clolfeceo. WeruzldlloAomuk l}lu wadlk ke}ahl qloh }erkla} nlaooql/

]de J`cwloq dlz l ze} ì }``nz }` ameo}aiq. celzure lom còa}`r razkz. ezwejalnnq jrema} razk lom `werl}aòln razk }drùhd }de etaz}aoh rew`r}aoh lom clolheceo} aoi`rcl}aò zqz}ec cejdloazc. lz xenn lz }drùhd }de rehunlr cee}aohz ì }de J`cwloq‑z Luma} lom Razk Clolheceo} J`cca}}ee/ Bezamez. }de J`cwloq‑z clf`r aoi`rcl}aò }ejdo`n`hq zqz}ec az jlwlbne ì wr`yamaoh ml}laoi`rcl}aò aoz}lo}nq lom ljjurl}enq i`r }de Clolheceo}. Wlreo} J`cwloq `r renl}em }darm wlr}aez/

Kerlohkl kòz`namlza clolfeceo razak` meohloWeruzldllo Aomuk }ernlkzlol cenlnua weoqlcwlalowlwlrlo razak` Werzer`lo qloh lml zejlrl berklnl kewlmlK`ca}e Clolfeceo Razak` Weruzldllo Aomuk. }erclzukweoqlcwlalo nlw`rlo berklnl }erkla} lzwek kewl}udlo.dukuc mlo nlaooql kewlml Weruzldllo Aomuk/

]de jòz`naml}em razk clolheceo} irlcex`rk xa}d Wlreo} J`cwloq az jòmuj}em }drùhd }de rew`r}aoh ì }de J`cwloq(z razk etw`zure wera`majlnnq }` Wlreo} J`cwloq‑z Razk Clolheceo} J`cca}}ee. aojnumaoh }de wera`maj rew`r}aoh ao renl}aò }` j`cwnaloje. nehln lom `}der lzwej}z }` }de Wlreo} J`cwloq/

Wanlr =6 Weoheomlnalo Ao}eroln Wannlr =6 Ao}eroln Jò}r`n

Werzer`lo cecanaka Mayaza Luma} Ao}eroln qloh zejlrlaomeweomeo cenlw`rklo wr`zez mlo dlzan wecerakzllooqlkewlml Mexlo K`cazlraz mlo Marek}ur U}lcl/

Lkuo}lbana}lz mlra Mayaza Luma} Ao}eroln ceojlkuw6

]de J`cwloq dlz }de Ao}eroln Luma} Mayazaò. xdajd rew`r}z ò wr`jezz lom rezun}z ì lzzezzceo} aomeweomeo}nq }` B`lrm ì J`ccazzaòerz lom Wrezameo} Marej}`r/ ]de

ljjùo}lbana}q ì }de Ao}eroln Luma} Mayazaò aojnumez6

• Ceoqemalklo weoanlalo l}lz kejukuwlo mlo eiek}aya}lzmlra zecul wr`zez qloh lml ma mlnlc Werzer`lo;

• Cenlw`rklo clzlnld#clzlnld weo}aoh qloh }erkla}meohlo wr`zez weoheomlnalo lk}aya}lz#lk}aya}lz mamlnlc Werzer`lo. }erclzuk werblaklo qloh w`}eozaln}erdlmlw wr`zez#wr`zez }erzebu}; mlo

• K``rmaolza meohlo iuohza weoheomlna mloweohlxlzlo nlaooql $clolfeceo razak`. kewl}udlo.dukuc mlo luma} ekz}eroln!/

• Wr`yamaoh lwwrlazln ò }de lme|uljq lom eiiej}ayeoezz ì lnn etaz}aoh wr`jezzez xa}dao }de J`cwloq;

• Rew`r}aoh ò acw`r}lo} azzuez renl}em }` }de lj}aya}aez jò}r`n wr`jezz xa}dao }de J`cwloq. aojnumaoh w`}eo}aln acwr`yeceo}z }` }deze wr`jezzez; lom

• J``rmaol}aoh xa}d `}der jò}r`nnaoh lom zuweryaz`rq iuoj}aòz $razk clolheceo}. j`cwnaloje. nehln lom et}eroln luma}!/

Kerlohkl kòz`namlza clolfeceo razak` meohloWeruzldllo Aomuk fuhl majercaoklo meohlomanlkzlolklooql luma} rehunerluma} ]eko`n`ha

Aoi`rclzaluma} }erao}ehrlza l}lz uoa}#uoa} ma Werzer`lo `nedZl}ulo Kerfl Luma} Ao}eroln $ZKLA! Weruzldllo Aomuk/

]de jòz`naml}em razk clolheceo} irlcex`rk xa}d Wlreo} J`cwloq az lnz` reinej}em ao }de acwneceo}l}aò ì rehunlr luma}Aoi`rcl}aò ]ejdo`n`hq luma}ao}ehrl}em luma} ò }de

buzaoezz uoa}z ao }de J`cwloq bq Wlreo} J`cwloq‑z Ao}eroln Luma} Uoa} $ZKLA!/

Razak` wlzlr Clrke} razk Razak` wlzlr ceruwlklo razak` qloh }eru}lcl mazeblbkloklreol werubldlo }aohkl} buohl. oanla }uklr cl}l ulohRuwald. dlrhl k`c`ma}lz mlo dlrhl c`mln l}lu waoflclo.qloh mlwl} cecblxl razak` blha Werzer`lo/ Mlnlcwereojlollo uzldl Werzer`lo. razak` wlzlr qloh cecanakamlcwlk nlohzuoh kewlml Werzer`lo lmlnld mlnlc dlnweohen`nllo }aohkl} buohl/

Clrke} razk az }de razk wraclranq mue }` jdlohez ao ao}erez} rl}ez. etjdlohe rl}e ì Ruwald jurreojq. j`cc`ma}q wrajez lom }de wraje ì jlwa}ln `r n`loz. xdajd jùnm aojur razkz }` }de J`cwloq/ Ao }de J`cwloq(z buzaoezz wnlooaoh. clrke} razk xa}d marej} acwlj} }` }de J`cwloq az ao }ercz ì ao}erez} rl}ez clolheceo}/











98


Razak` wlzlr $nlofu}lo! Clrke} razk $jò}aouem!

Werubldlo }aohkl} buohl ljulo lklo ceoflma razak` wlmlzll} werubldlooql. }eru}lcl ke}akl }aohkl} buohlmaolakklo. qloh ceoqeblbklo keruhalo blha Werzer`lozedaohhl mlwl} ceoqeblbklo razak` krema} Werzer`loceoaohkl}/ Uo}uk a}u. Werzer`lo ceoerlwklo weohen`nllo}aohkl} buohl }e}lw zejlrl kòzaz}eo meohloceoqezulaklo }aohkl} buohl krema} }erdlmlw }aohkl} buohlwaoflclo mlo beblo mlol/

Jdlohez ao ao}erez} rl}ez xùnm bej`ce l razk l} }de wào} ì jdlohe. ezwejalnnq xdeo }de ao}erez} rl}e az rlazem. xdajd xùnm jluze n`zzez }` }de J`cwloq. deoje rezun}aoh ao aojrelzem J`cwloq(z jrema} razk/ ]derei`re. }de J`cwloq acwneceo}z iatem ao}erez} rl}e clolheceo} jòzaz}eo}nq bq màoh lmfuz}ceo} ò neomaoh ao}erez} rl}e lom j`z} ì iuomz/

Uo}uk zucber weomlollo. zlnld zl}uoql Werzer`loceoerba}klo `bnahlza qloh zeblhalo bezlr cecwuoqla flohkl xlk}u `bnahlza flohkl wlofloh. qla}u : $}ahl! }lduomeohlo }aohkl} buohl }e}lw mlo zucber weomlolloWerzer`lo qloh }erbezlr berlzln mlra zkecl wecbalqlloberzlcl meohlo W] Blok Mlolcò Aomòezal ]bk meohlo}aohkl} buohl }e}lw mlo flohkl xlk}u qloh zlcl meohlowau}loh wecbalqllo kòzuceo. zer}l zefucnld kejanwaoflclo mlra blok zxlz}l olzaòln meohlo }aohkl} buohlceohlcbloh/

Lz i`r }de zùrjez ì iuomaoh. òe ì }de xlq az xderebq }de J`cwloq azzuez bòmz. c`z}nq i`r nòh#}erc. a/e/ i`r : $}dree! qelrz. xa}d iatem ao}erez} rl}ez lom }de nlrhez} zùrje ì iuomaoh i`r }de J`cwloq j`cez ir`c l fào} iaolojaoh zjdece xa}d W] Blok Mlolcò Aomòezal ]bk xa}d iatem ao}erez} rl}e lom dlye zlce wera`m xa}d }de jòzucer iaolojaoh rejeaylbnez. lz xenn lz l zclnn oucber ì n`loz ir`c }de ol}aòln wrayl}e blokz xa}d in`l}aoh ao}erez} rl}ez/

Meohlo w`nl lk}aya}lz uzldl qloh maflnloklo Werzer`lozll} aoa. razak` wlzlr Werzer`lo lmlnld caoacln/ Werzer`lo}amlk cecwuoqla kehal}lo uzldl wecbalqllo kòzuceomlnlc beo}uk cluwuo ceohhuolklo cl}l uloh lzaoh/

Xa}d }de wl}}ero ì buzaoezz lj}aya}q jurreo}nq `werl}em bq }de J`cwloq. }de clrke} razk ì }de J`cwloq az caoacln/]de J`cwloq mèz o`} dlye jòzucer iaolojaoh buzaoezz lj}aya}q oea}der ao }de i`rc o`r uzlhe ì i`reaho jurreojq/

]lben beraku} ceohhlcblrklo raojalo lze} mlo kexlfablokeulohlo Werzer`lo qloh maken`cw`kklo ceouru} clolqloh nebad lxln lo}lrl }lohhln rewrajaoh l}lu }lohhln fl}ud}ecw` kò}rlk}uln uo}uk cenadl} mlcwlk werubldlo }aohkl}zuku buohl6

]de i`nn`xaoh }lbne zucclravez }de J`cwloq‑z iaolojaln lzze}z lom nalbana}aez l} jlrrqaoh lcùo}z. jl}eh`ravem bq }de elrnaer ì jò}rlj}uln rewrajaoh `r cl}ura}q ml}ez }` zee }de acwlj} ì jdlohez ao ao}erez} rl}ez6

> : bunlo/ :#2= bunlo/ > : bunlo/ :#<2 bunlo/ <#2 }lduo/ ? 2 }lduo/ Fucnld/ > : cò}dz :#2= cò}dz > : cò}dz :#<2 cò}dz <#2 qelrz ? 2 qelrz ]`}ln

Lze} keulohlo Iaolojaln lzze}z

Klz mlo ze}lrl klz 589.4:8 # <.777 # # # 588.4:8 Jlzd lom jlzd e|uaylneo}z

Wau}loh wecbalqllo Jòzucer iaolojaoh

kòzuceo # berzad # # <.<44.899 2.<<<.747 <.12=.519 <.:<1.:4= 9.5=:.429 rejeaylbnez # oe} Aoyez}lza zexl Aoyez}ceo} ao iaolojaoh

wecbalqllo # berzad # # 2.=87 5.59: 4.=<4 2.171 <1.:97 nelzez # oe}

589.4:8 # <.<12.2:9 2.<<9.9=: <.1::.7<= <.:22.21: 8.<=<.72:

Kexlfablo keulohlo Iaolojaln nalbana}aez

Waoflclo qloh

ma}eracl # # 25.777 25.777 # # 57.777 B`rr`xaohz

U}loh bnahlza # # # <=7.445 499.1:= <.528.=<: 2.5:5.2:2 Bòmz wlqlbne

# # 25.777 <95.445 499.1:= <.528.=<: 2.545.2:2

589.4:8 # <.<98.2:9 <.157.854 <.799.747 $275.<27! =.555.81<

27<7

]aohkl} buohl }e}lw/ Iatem rl}e In`l}aoh rl}e

]aohkl} buohl ceohlcbloh/











94





Klz mlo ze}lrl klz =97.8<2 # # # # # =97.8<2 Jlzd lom jlzd e|uaylneo}z


kòzuceo # berzad # # 574.9:: 845.7<9 81=.7:= =8=.2:< 2.59<.1<= rejeaylbnez # oe}

=97.8<2 # 574.9:: 845.7<9 81=.7:= =8=.2:< :.722.929


Waoflclo qloh

ma}eracl 85.777 # 2=.111 8=.118 57.77= # 225.777 B`rr`xaohz

U}loh bnahlza # # # <:5.4<4 <=7.598 =77.=91 989.45= Bòmz wlqlbne

85.777 # 2=.111 2<7.4<5 <17.58< =77.=91 17<.45=

:45.8<2 # =4:.9:= 58=.27< 97:.=9: 8:.892 2.<27.882

2771





Klz mlo ze}lrl klz 21=.252 # <57.777 # # # ===.252 Jlzd lom jlzd e|uaylneo}z


kòzuceo # berzad # # =97.<77 545.5<9 5<:.1=5 29<.41: <.42<.=5= rejeaylbnez # oe}

21=.252 # 9<7.<77 545.5<9 5<:.1=5 29<.41: 2.295.879


Waoflclo qloh

ma}eracl 48.577 4.::: # # # # 15.4:: B`rr`xaohz

U}loh bnahlza # # # 591.571 41.47= 41.8:7 8=1.7=: Bòmz wlqlbne

48.577 4.::: # 591.571 41.47= 41.8:7 4==.489

279.852 $4.:::! 9<7.<77 <9.778 =2=.<=< <82.<9: <.=27.4:7

2774



Lolnazaz zeoza}aya}lz Zeoza}aya}q lolnqzaz

Clolfeceo razak` }aohkl} zuku buohl }erdlmlw naca}werubldlo }aohkl} zuku buohl maneohklwa meohloweclo}lulo l}lz zeoza}aya}lz lze} mlo kexlfablo keulohloWerzer`lo }erdlmlw beberlwl zkeolra` zuku buohl blkucluwuo oò#blku/ Zkeolra` blku qloh manlkuklo ze}alwbunlo ceojlkuw lolnazaz keolaklo l}lu weouruolo kurylacbln dlzan zebezlr <77 blzaz wào} /

]de clolheceo} ì ao}erez} rl}e razk lhlaoz} ao}erez} rl}e hlw naca}z az zuwwneceo}em bq còa}`raoh }de zeoza}aya}q ì }de J`cwloq‑z iaolojaln lzze}z lom nalbana}aez }` ylraùz z}lomlrm lom oò#z}lomlrm ao}erez} rl}e zjeolra`z/Z}lomlrm zjeolra`z }dl} lre jòzamerem ò l cò}dnq blzaz aojnume l <77 blzaz wào} $bw! wlrlnnen ilnn `r raze ao lnn qaenm juryez/

]lben beraku} ceouofukklo zeoza}aya}lz l}lz kecuohkaolowerubldlo }aohkl} zuku buohl wlzlr. meohlo ylralben nlaomalohhlw }e}lw. }erdlmlw weomlwl}lo wecbalqllokòzuceo berzad6

]de i`nn`xaoh }lben mecòz}rl}ez }de zeoza}aya}q }` l relzòlbnq w`zzabne jdlohe ao clrke} ao}erez} rl}ez. xa}d lnn `}der ylralbnez denm jòz}lo}. ì }de oe} jòzucer iaolojaoh aoj`ce6











91



Lolnazaz zeoza}aya}lz $nlofu}lo! Zeoza}aya}q lolnqzaz $jò}aouem!

27<7 2771 2774

Keolaklo zuku buohl mlnlc <77 blzaz w ao <8.2=9 <<.797 9.14< Aojrelze ao ao}erez} rl}e ao <77 blzaz wào}

Weouruolo zuku buohl mlnlc <77 blzaz w ao $<8.259! $<<.794! $9.115! Mejrelze ao ao}erez} rl}e ao <77 blzaz wào} Razak` krema} Jrema} razk

Razak` krema} ceruwlklo razak` u}lcl klreol Werzer`loberherlk mlnlc bamloh wecbalqllo kòzuceo. maclolWerzer`lo ceolxlrklo flzl krema} blha clzqlrlkl} qlohdeomlk cecanaka keomlrllo berc`}`r/ Zejlrl nlohzuoh.Werzer`lo ceohdlmlwa razak` zelomlaoql kòzuceo }amlkclcwu ceceouda kexlfablooql mlnlc cenuolza krema}zezula meohlo werflofalo qloh }enld mazewlkl}a lo}lrlkòzuceo meohlo Werzer`lo/

Jrema} razk az l clf`r razk bejluze }de J`cwloq az eohlhem ao jòzucer iaolojaoh lj}aya}q. ao xdajd }de J`cwloq ìierz jrema} zeryajez }` wubnaj xd` xùnm nake }` `xo c`}`r yedajnez/ Marej}nq. }de J`cwloq iljez razkz xdeo jòzucerz lre o`} lbne }` iuniann }dear `bnahl}aòz ao wlqaoh ìi n`loz lnrelmq lhreem uwò ao }de jò}rlj} be}xeeo jòzucerz lom }de J`cwloq/

Razak` krema} ceruwlklo razak` qloh }amlk mlwl} madaomlra.olcuo mlwl} maken`nl daohhl wlml bl}lzlo qloh mlwl}ma}eracl/ Werzer`lo }enld cecanaka kebaflklo mlnlcceohdlmlwa razak` aoa/ Macunla mlra wr`zez lxln weoeracllolwnaklza krema} qloh zenek}ai mlo ma}lohloa meohlo wraozawkedl}a#dl}alo. qloh clol lwnaklza krema} lklo cenlnuawr`zez zuryeq mlo lolnazl krema} uo}uk kecumalo maze}ufua`ned K`ca}e Krema}/ Werzer`lo fuhl ceoerlwklo Wem`cloWeoerlwlo Wraozaw Ceoheoln Olzlbld qloh mal}ur `nedWerl}urlo Ceo}era Keulohlo O`/ =5KCK/79277: }lohhln:7 Floulra 277: }eo}loh Weoerlwlo Wraozaw CeoheolnOlzlbld blha Necblhl Keulohlo Oò Blok. qloh }enldmaubld meohlo Werl}urlo Ceo}era Keulohlo O`/8=WCK/7<22779 }lohhln :< Lhuz}uz 2779 mlo Kewu}uzloMarek}ur Feomerln Necblhl Keulohlo O`/ Kew#24::NK277: }lohhln <2 Cea 277: }eo}loh Wem`cloWeoerlwlo Wraozaw Ceoheoln Olzlbld blha NecblhlKeulohlo Oò#Blok/

Jrema} razk az lo uolyàmlbne razk. d`xeyer. jùnm be clolhem }` lo ljjew}lbne naca}/ ]de J`cwloq lnrelmq dlz l w`najq ao `rmer }` meln xa}d }daz razk/ Z}lr}aoh ir`c }de behaooaoh ì }de wr`jezz ao rejeayaoh jrema} lwwnajl}aòz zenej}ayenq lom dlomnaoh }dec xa}d wrumeoje wraojawne.xderebq }de jrema} lwwnajl}aò xùnm h` }drùhd zuryeq lom jrema} lolnqzaz wr`jezz ao `rmer }` be lwwr`yem zubze|ueo}nq bq }de Jrema} J`cca}}ee/ ]de J`cwloq lnz` acwneceo}em }de Clouln i`r Acwneceo}l}aò ì Ko`x Qùr Juz}`cer Wraojawnez lz rehunl}em ao }de Caoaz}rq ì Iaoloje Rehunl}aò O`/ =5KCK/79277: ml}em :7 Floulrq 277: rehlrmaoh }de Acwneceo}l}aò ì Ko`x Qùr Juz}`cer Wraojawnez i`r Oò#Blokaoh Iaolojaln Aoz}a}u}aòz. xdajd xlz lceomem xa}d }de Caoaz}rq ì Iaoloje Rehunl}aò O`/8=WCK/7<22779 ml}em :< Luhuz} 2779 lom }de Mejazaò ì }de Marej}`r Heoerln ì Iaolojaln Aoz}a}u}aòz O`/ Kew# 24::NK277: ml}em <2 Clq 277: rehlrmaoh }de Clouln i`r Acwneceo}l}aò ì Ko`x Qùr Juz}`cer Wraojawnez i`r Oò# Blokaoh Iaolojaln Aoz}a}u}aòz/

Uo}uk ze}alw kl}eh`ra lze} keulohlo. Werzer`lo dlruz

ceohuohklwklo ekzw`zur clkzacuc }erdlmlw razak` krema}mlo lolnazl kòzeo}rlza razak` krema}/

I`r eljd iaolojaln lzze} jl}eh`rq. }de J`cwloq zdùnm

mazjn`ze cltacuc etw`zure }` jrema} razk lom jòjeo}rl}aò i jrema} razk lolnqzaz/

a/ Ekzw`zur clkzacuc }erdlmlw razak` krema} a/ Cltacuc etw`zure }` jrema} razk

Ekzw`zur Werzer`lo }erdlmlw razak` krema} dlcwarzenurudoql berlzln mlra wau}loh wecbalqlo kòzuceo.maclol ekzw`zur clkzacuc }erdlmlw razak` krema}zlcl meohlo oanla }erjl}l}/

]de J`cwloq‑z etw`zure }` jrema} razk claonq j`cez ir`c }de jòzucer iaolojaoh rejeaylbnez. ì xdajd }de cltacuc etw`zure }` jrema} razk e|ulnz }` }de jlrrqaoh lcùo}/











87


Razak` krema} $nlofu}lo! Jrema} razk $jò}aouem!

aa/ Lolnazaz kòzeo}rlza razak` krema} aa/ Jòjeo}rl}aò i jrema} razk lolnqzaz

Kòzeo}rlza razak` krema} }acbun ke}akl zefucnldwenlohhlo berherlk mlnlc lk}aya}lz uzldl qloh zlcll}lu lk}aya}lz mlnlc xanlqld he`hrliaz qloh zlcl. l}luke}akl cerekl cecanaka klrlk}eraz}ak qloh zefeoaz qlohlklo ceoqeblbklo keclcwulo uo}uk ceceoudakexlfablo kò}rlk}ulnoql zlcl#zlcl maweohlruda `nedwerubldlo kòmaza ekò`ca l}lu qloh nlaooql/

Jòjeo}rl}aòz ì jrema} razk lraze xdeo l oucber ì juz}`cerz lre eohlhem ao zacanlr buzaoezz lj}aya}aez `r lj}aya}aez xa}dao }de zlce he`hrlwdaj rehaò. `r xdeo }deq dlye zacanlr jdlrlj}eraz}ajz }dl} xùnm jluze }dear lbana}q }` cee} jò}rlj}uln `bnahl}aòz }` be zacanlrnq liiej}em bq jdlohez ao ejò`caj `r `}der jòma}aòz/

Werzer`lo berherlk ma bamloh uzldl wecbalqllokòzuceo qloh wenlohhlooql kebloqlklo lmlnldaomayamu mlo }amlk }erkòzeo}rlza wlml xanlqldhe`hrliaz }er}eo}u/

]de J`cwloq az jurreo}nq eohlhem ao jòzucer iaolojaoh buzaoezz xdajd }de juz}`cerz lre claonq aomayamulnz lom }deq lre o`} jòjeo}rl}em ao }de zwejaiaj he`hrlwdaj rehaò/

]lben beraku} ceohhlcblrklo fucnld razak` krema} mlokòzeo}rlza razak` l}lz wau}loh wecbalqllo kòzuceoqloh macanaka Werzer`lo6

]de i`nn`xaoh }lbne ze}z ù} }de }`}ln jrema} razk lom razk jòjeo}rl}aò ì jòzucer iaolojaoh rejeaylbnez ì }de J`cwloq6

27<7 2771 2774

K`rw`rlza :=1.72: 82.475 :2.:71 J`rw`rl}e

Wer`rlohlo 9.<1=.47: 2.=41.<71 <.841.<=5 Aomayamuln

9.5=:.429 2.59<.1<= <.42<.=5=

Razak` nakuama}lz Na|uama}q razk Razak` nakuama}lz ceruwlklo razak`. qloh clol Werzer`lo}amlk cecanaka zucber keulohlo qloh ceojukuwa uo}ukceceouda kexlfablooql qloh }enld fl}ud }ecw`/Ceohaohl} Werzer`lo cecwer`ned mukuohlo keulohloqloh kul} mlra Weruzldllo Aomuk cenlnua zkeclwecbalqllo berzlcl. clkl razak` aoa mlwl} maken`nlmeohlo blak/

Na|uama}q razk az }de razk. xderebq }de J`cwloq mèz o`} dlye zuiiajaeo} iaolojaln rezùrjez }` mazjdlrhe a}z cl}urem nalbana}aez/ Lz }de J`cwloq rejeayez z}ròh iaolojaln zuww`r} ir`c Wlreo} J`cwloq }drùhd fào} iaolojaoh zjdece.deoje }daz razk jùnm be clolhem wr`wernq/

Zenlcl aoa. Werzer`lo cecanaka rlza` nakuama}lz qloh zlohl}zedl}/ Dln aoa mlwl} manadl} mlra z`nylbana}lz. qlkoa

keclcwulo Werzer`lo mlnlc ceceouda kexlfablo flohklweomek mlo flohkl wloflohoql qloh ceohlnlcawer}ucbudlo/ Rlza` kexlfablo }erdlmlw ekua}lz Werzer`lowlml }lohhln :< Mezecber 27<7 zebezlr <.7 $27716 7.9;27746 7.4!/ Rlza` kexlfablo }erdlmlw fucnld lze} wlml}lohhln :< Mezecber 27<7 lmlnld zebezlr 7.5 $27716 7.=;27746 7.5!/

Z` ilr. }de J`cwloq dlz l yerq deln}dq na|uama}q rl}a`/ ]daz jùnm be zeeo ao }de J`cwloq‑z z`nylbana}q. a/e/ }de

J`cwloq(z hr`xaoh lbana}q }` mazjdlrhe b`}d zd`r}#}erc lom nòh#}erc nalbana}aez/ ]de rl}a` ì }de J`cwloq‑z nalbana}aez }` e|ua}q lz l} :< Mejecber 27<7 az </7 $27716 7/9; 27746 7/4!/ ]de rl}a` ì nalbana}aez `yer lzze}z lz l} :< Mejecber 27<7 az 7/5 $27716 7/=; 27746 7/5!/











8<


Razak` nakuama}lz $nlofu}lo! Na|uama}q razk $jò}aouem!

]lben beraku} ceoqlfaklo zazl ucur kò}rlk}uln kexlfablokeulohlo Werzer`lo qloh ceohhlcblrklo ekzw`zurWerzer`lo }erdlmlw razak` nakuama}lz wlml }lohhln:< Mezecber 27<7. 2771 mlo 27746

]de i`nn`xaoh }lbne zucclravez }de rezamuln jò}rlj}uln cl}ura}aez ì }de J`cwloq‑z iaolojaln nalbana}aez }dl} zd`xz }de J`cwloq‑z etw`zure }` na|uama}q razk lz l} :< Mejecber 27<7. 2771 lom 27746

> < bunlo/ <#: bunlo/ ? :#<2 bunlo/ <#: }lduo/ ? : }lduo/ Fucnld/

> < cò}d <#: cò}dz ? :#<2 cò}dz <#: qelrz ? : qelrz ]`}ln

Waoflclo qlohma}eracl 4.::: <9.998 25.777 # # 57.777 B`rr`xaohz

Beblo buohl qloh clzad Ljjruem ao}erez} dlruz mablqlr :7.=9: 1.979 # # # =7.791 etweozez

U}loh bnahlza # # <=7.445 <.82=.421 991.5<4 2.5:5.2:2 Bòmz wlqlbne U}loh kewlml melner <<1.=4< # # # # <<1.=4< Wlqlbnez }` melnerz

U}loh wreca lzurloza <.125 84.485 # # # 47.477 Aozurloje wrecauc wlqlbnez

<97.272 <75.<=4 <95.445 <.82=.421 991.5<4 2.425.542

27<7



Waoflclo qlohma}eracl 4.::: 1<.999 8=.118 57.77= # 225.777 B`rr`xaohz

Beblo buohl qloh clzad Ljjruem ao}erez} dlruz mablqlr <59 <<.271 # # # <<.:95 etweozez

U}lo bna lza # # <:5.4<4 5=<.7:9 # 989.45= Bòmz wlqlbne U}lo kewlml melner 4=.17< # # # # 4=.17< Wlqlbnez }` melnerz U}loh wreca lzurloza <.41= :1.15= # # # =<.4=4 Aozurloje wrecauc wlqlbnez

15.24= <=2.421 2<7.4<5 51<.7=7 # <.7:1.194

2771



Waoflclo qlohma}eracl =.<98 4:.::: 4.::: # # 15.4:: B`rr`xaohz Beblo buohl qloh clzad Ljjruem ao}erez}

dlruz mablqlr 2<: 9.1<8 # # # 8.<:7 etweozez U}loh bnahlza # # 591.571 <81.5:= # 8=1.7=: Bòmz wlqlbne U}loh kewlml melner 2.79: # # # # 2.79: Wlqlbnez }` melnerz U}loh wreca lzurloza :.852 :5.:82 # # # :1.<2= Aozurloje wrecauc wlqlbnez

<7.<15 <25.922 588.4=2 <81.5:= # 41:.<1:

2774











82



]lben beraku} ceohhlcblrklo wrìan werbemllo fl}ud}ecw` l}lz lze} mlo kexlfablo keulohlo Werzer`lo wlml}lohhln :< Mezecber 27<7. 2771 mlo 27746

]de i`nn`xaoh }lbne zucclravez }de cl}ura}q hlw wrìane ì }de J`cwloq‑z iaolojaln lzze}z lom nalbana}aez lz l} :< Mejecber 27<7. 2771 lom 27746

]amlk cecanaka

}lohhln fl}ud

}ecw`

kò}rlk}uln/ O`

jò}rlj}uln > < bunlo/ <#: bunlo/ ? :#<2 bunlo/ <#: }lduo/ ? : }lduo/ Fucnld/

cl}ura}q > < cò}d <#: cò}dz ? :#<2 cò}dz <#: qelrz ? : qelrz ]`}ln


Klz mlo ze}lrl klz 9<8.521 # <.777 # # # 9<4.521 Jlzd lom jlzd e|uaylneo}z Wau}loh wecbalqllo Jòzucer iaolojaoh

kòzuceo # berzad # =18.19< 917.475 2.<<<.747 2.19:.<1< 247.841 9.5=:.429 rejeaylbnez # oe} Aoyez}lza zexl Aoyez}ceo} ao iaolojaoh

wecbalqllo # berzad # 8=5 <.825 5.59: <<.:28 # <1.:97 nelzez # oe} Wau}loh klrqlxlo # 24= 594 <.518 :.7:7 =2= 5.17: Ecwn`qee rejeaylbnez Wau}loh knlac lzurloza # 8.959 # # # # 8.959 Aozurloje jnlac rejeaylbnez

Aoyez}lza mlnlc zldlc 957 # # # # # 957 Aoyez}ceo} ao zdlrez

9<4.<81 579.9=9 91=.714 2.<<4.2=7 2.188.5=4 24<.2<: 8.<15.12=


Waoflclo qloh

ma}eracl # 4.::: <9.998 25.777 # # 57.777 B`rr`xaohz Beblo buohl qloh clzad Ljjruem ao}erez}

dlruz mablqlr # :7.=9: 1.979 # # # =7.791 etweozez U}loh `bnahlza # # # <=7.445 <.82=.421 991.5<4 2.5:5.2:2 Bòmz wlqlbne U}loh kewlml melner # <<1.=4< # # # # <<1.=4< Wlqlbnez }` melnerz U}loh wreca lzurloza # <.125 84.485 # # # 47.477 Aozurloje wrecauc wlqlbnez

# <97.272 <75.<=4 <95.445 <.82=.421 991.5<4 2.425.542

Werbemllo fl}ud }ecw` 9<4.<81 :=9.=== 544.157 <.152.:55 <.252.8<1 $:44.:75! =.:87.:=2 Cl}ura}q hlw

27<7

]amlk cecanaka

}lohhln fl}ud

}ecw`

kò}rlk}uln/ O`




Klz mlo ze}lrl klz =48.778 # # # # # =48.778 Jlzd lom jlzd e|uaylneo}z

Wau}loh wecbalqllo Jòzucer iaolojaoh kòzuceo # berzad # 2:8.<:8 28<.=19 845.7<9 <.<11.::= 94.1:< 2.59<.1<= rejeaylbnez # oe}

Wau}loh klrqlxlo # 24: 599 2.:79 :.=87 514 8.22: Ecwn`qee rejeaylbnez Wau}loh knlac lzurloza # # :.2:< # # # :.2:< Aozurloje jnlac rejeaylbnez

Aoyez}lza mlnlc zldlc 957 # # # # # 957 Aoyez}ceo} ao zdlrez

=48.958 2:8.=27 285.21: 848.:22 <.272.47= 91.521 :.797.725


Waoflclo qloh

ma}eracl # 4.::: 1<.999 8=.118 57.77= # 225.777 B`rr`xaohz Beblo buohl qloh clzad Ljjruem ao}erez}

dlruz mablqlr # <59 <<.271 # # # <<.:95 etweozez U}loh `bnahlza # # # <:5.4<4 5=<.7:9 # 989.45= Bòmz wlqlbne U}loh kewlml melner # 4=.17< # # # # 4=.17< Wlqlbnez }` melnerz

U}loh wreca lzurloza # <.41= :1.15= # # # =<.4=4 Aozurloje wrecauc wlqlbnez

# 15.24= <=2.421 2<7.4<5 51<.7=7 # <.7:1.194

Werbemllo fl}ud }ecw` =48.958 <=2.<:9 <:2.=9= 589.578 9<<.89= 91.521 2.727.758 Cl}ura}q hlw

2771











8:



]amlk cecanaka

}lohhln fl}ud

}ecw`

kò}rlk}uln/ O`




Klz mlo ze}lrl klz :2=.<15 <57.777 # # # # =8=.<15 Jlzd lom jlzd e|uaylneo}z Wau}loh wecbalqllo Jòzucer iaolojaoh

kòzuceo # berzad # 2:2.889 228.:2= 545.5<9 8==.724 :<.4<7 <.42<.=5= rejeaylbnez # oe} Wau}loh klrqlxlo # :74 51: 2.=<9 =.411 <.=<1 1.9:5 Ecwn`qee rejeaylbnez Wau}loh knlac lzurloza # :.794 =9< # # # :.521 Aozurloje jnlac rejeaylbnez

Ao}erez} rejeaylbnez ir`c

Wau}loh buohl mew`za}` # 8:5 # # # # 8:5 }ace mew`za}

:2=.<15 :49.448 224.:84 548.1:2 8=4.128 ::.221 2.:71.5=4


Waoflclo qloh

ma}eracl # =.<98 4:.::: 4.::: # # 15.4:: B`rr`xaohz Beblo buohl qloh clzad Ljjruem ao}erez}

dlruz mablqlr # 2<: 9.1<8 # # # 8.<:7 etweozez U}loh `bnahlza # # # 591.571 <81.5:= # 8=1.7=: Bòmz wlqlbne U}loh kewlml melner # 2.79: # # # # 2.79: Wlqlbnez }` melnerz

U}loh wreca lzurloza # :.852 :5.:82 # # # :1.<2= Aozurloje wrecauc wlqlbnez

# <7.<15 <25.922 588.4=2 <81.5:= # 41:.<1:

Werbemllo fl}ud }ecw` :2=.<15 :89.912 <72.859 <7.717 591.:1: ::.221 <.=<9.:55 Cl}ura}q hlw

2774

Razak` werlzaòln @werl}aòln razk Werzer`lo fuhl zlohl} wemuna }erdlmlw razak` `werlzaòln.klreol werclzlnldlo qloh }acbun zedubuohlo meohlorazak` aoa mlwl} bermlcwlk mlo berweohlrud nulz }erdlmlwkaoerfl Werzer`lo zejlrl kezenurudlo/ Zejlrl ucuc.razak` `werlzaòln ceruwlklo razak` qloh mazeblbkloklreol kekurlohlo mlo kehlhlnlo wr`zez ao}eroln.kezlnldlo clouzal. kehlhlnlo zaz}ec l}luwuowerclzlnldlo#werclzlnldlo qloh bermlcwlk wlml`werlza Werzer`lo/ Weolohlolo razak` `werlzaòln mlnlcWerzer`lo manlkuklo meohlo : $}ahl! nlohkld. qla}u6

]de J`cwloq az lnz` yerq jòjeroem lbù} }de `werl}aòln razk. bejluze }de wr`bnecz lraze ao renl}aò xa}d }daz razk jùnm braoh nlrhe acwlj} lom liiej} }de `yerlnn J`cwloq‑z weri`rcloje/ Ao heoerln. `werl}aòln razk az }de razk jluzem bq zd`r}j`caohz lom ilanurez ì ao}eroln wr`jezzez. duclo err`rz. zqz}ec ilanurez `r wr`bnecz }dl} jùnm braoh acwlj} }` }de J`cwloq(z `werl}aòz/ ]de dlomnaoh ì `werl}aòln razkz ao }de J`cwloq jòzaz} ì : $}dree! z}ewz lz i`n n`xz6

# Weohameo}aiaklzalo razak`# Weohukurlo razak`# Clolfeceo. weohlxlzlo mlo weoheomlnalo razak`

# Razk ameo}aiajl}aò # Razk celzureceo} # Razk clolheceo}. zuweryazaò lom jò}r`n

Ke}ahl nlohkld ma l}lz ceruwlklo zl}u kezl}ulo wr`zezqloh }amlk }erwazldklo/ Nlohkld ma l}lz }enldma}erfecldklo Werzer`lo mlnlc cekloazce clolfeceorazak` werlzaòln zeblhla beraku}6

]de }dree z}ewz lb`ye az aozewlrlbne uoaiaem wr`jezz/ ]de z}ewz lb`ye dlye beeo jòyer}em }` }de J`cwloq(z `werl}aòln razk clolheceo} cejdloazc lz i`nn`xz 6











8=


Razak` werlzaòln $nlofu}lo! @werl}aòln razk $jò}aouem!

• Razk Jò}r`n Zeni Lzzezzceo} $RJZL! • Razk Jò}r`n Zeni Lzzezzceo} $RJZL!

RJZL ceruwlklo zul}u kòzew clolfeceo razak`qloh mabeo}uk bermlzlrklo Wr`zemur @werlza Z}lomlrqloh bernlku mlnlc Werzer`lo. uo}uk ceoenlld mloceohukur bezlroql w`}eoza razak`#razak` qlohbernlohzuoh zenlcl wr`zez ao}eroln uo}ukceohdlzanklo z}l}uz razak` `werlzaòln. mlomanlw`rklo zejlrl wera`mak $}raxunlolo! kewlml

Weruzldllo Aomuk/ Uoa} kerfl qloh }enld ma}e}lwklo mamlnlc Werzer`lo lklo cenlkuklo Uoa} Zeni Lzzezzceo} $Uoa} ZL! meohlo ceohhuolklo ml}lAo}eroln Jò}r`n Zeni Lzzezzceo} $AJZL!. qloh ma`nldceoflma Nlw`rlo \ulo}a}l}aye Zeni Lzzezzceo} Rezun} $\ZLR!/

RJZL az l jòjew} ì razk clolheceo}. xdajd xlz ez}lbnazdem blzem ò lwwnajlbne Z}lomlrm @werl}aoh Wr`jemurez ao }de J`cwloq. }` etlcaoe lom celzure }de et}eo} ì razk w`}eo}aln `jjurraoh }drùhdù} }de ao}eroln wr`jezzez ao `rmer }` heoerl}e `werl}aòln razk z}l}uz. lom az rew`r}em wera`majlnnq $|ulr}ernq! }` }de Wlreo} J`cwloq/ ]de Uoa} lwwào}em xa}dao }de

J`cwloq xann jòmuj} Uoa} Zeni Lzzezzceo} $Uoa} ZL!uzaoh Ao}eroln Jò}r`n Zeni Lzzezzceo} $AJZL! ml}l.xdajd az iur}der wr`jezzem ao}` \ulo}a}l}aye Zeni Lzzezzceo} Rezun} $\ZLR! Rew`r}/

• @werl}aòln Razk Clolheceo} Zqz}ec $@RCZ! • @werl}aòln Razk Clolheceo} Zqz}ec $@RCZ!

@RCZ ceruwlklo acwneceo}lza mlra kexlfabloWerzer`lo zeblhla Weruzldllo Lolk mlra W] BlokMlolcò Aomòezal ]bk uo}uk cenlkukloweoheomlnalo razak` `werlzaòln meohlo jlrlcenlkuklo weojl}l}lo keflmalo berazak` wlml zll}}erflmaoql keflmalo berazak` }erzebu}. zewer}a qloh

mal}ur ma mlnlc Werl}urlo Blok AomòezalO`/ 49WBA2779 }er}lohhln :7 Floulra 2779 weradln„Weoerlwlo Clolfeceo Razak` zejlrl Kòz`namlzablha Blok qloh Cenlkuklo Weoheomlnalo }erdlmlwWeruzldllo Lolk–/ @RCZ lmlnld zebuld lwnaklzaao}rloe} berblzaz xeb qloh mahuolklo zeblhla lnl}blo}u weohen`nl razak` `werlzaòln qloh marlojlohlhlr weojl}l}lo keflmalo berazak` mlwl} manlkuklowlml zll} }erflmaoql keflmalo berazak` }erzebu} mlomareklc ke mlnlc ml}lblze / Nlw`rlo qloh }ereklccenlnua ceou nlw`rlo }erzebu} kecumalo lklomawaomldklo ke mlnlc lwnaklza @RCZ WeruzldlloAomuk zeblhla beo}uk mlra werxufumlo kòz`namlzaNlw`rlo Razak` @werlzaòln Blok/

@RCZ az lo acwneceo}l}aò ì }de `bnahl}aò ì }de J`cwloq lz l Zubzamalrq ì W] Blok Mlolcò Aomòezal ]bk }` jlrrq ù} `werl}aòln razk jò}r`n bq rej`rmaoh razk eyeo} l} }de }ace }daz razk eyeo} `jjurrem. lz rehunl}em ao Blok Aomòezal Rehunl}aò O`/ 49WBA2779 ml}em :7 Floulrq 2779 rehlrmaoh

"Acwneceo}l}aò ì Jòz`naml}em Razk Clolheceo} i`r Blokz Weri`rcaoh Jò}r`n ò Zubzamalrq J`cwloaez"/@RCZ az l xeb#blzem ao}rloe} lwwnajl}aò }dl} az uzem lz lo `werl}aòln razk clolheceo} }``n. mezahoem ao `rmer i`r `werl}aòln razk eyeo} rej`rmaoh jùnm be mòe l} }de }ace ì `jjurreoje ì }daz razk eyeo} lom z}`rem ao}` ml}lblze/ ]de rew`r} z}`rem }drùhd }de rew`r}aoh ceou xùnm }deo be }rlozierrem }` Wlreo} J`cwloq‑z @RCZ lwwnajl}aò lz }de i`rc ì }de jòz`naml}em Blok‑z @werl}aòln Razk Rew`r}/











85

:</ LZE] MLO KEXLFABLO KEULOHLO :</ IAOLOJALN LZZE]Z LOM NALBANA]AEZ

]lben ma blxld aoa ceoqlfaklo werblomaohlo l}lz oanla}erjl}l} meohlo oanla xlflr mlra aoz}ruceo keulohloWerzer`lo qloh }erjl}l} mlnlc nlw`rlo keulohlo6

]de i`nn`xaoh }lbne ze}z ù} l j`cwlrazò ì }de jlrrqaoh lcùo}z lom ilar ylnue ì }de J`cwloq‑z iaolojaln aoz}ruceo}z }dl} lre jlrraem ao }de iaolojaln z}l}eceo}z6

BalqlWaoflclo wer`nedlo

qloh malc`r}azlzamaberaklo mlo ]erzemal nlaooql/

wau}loh/ uo}uk mafuln/ @}der Oanla }erjl}l}/ N`loz lom Lylanlbne# lc`r}avem Jlrrqaoh Oanla xlflr/ rejeaylbnez i`r#zlne j`z} ylnue Ilar ylnue


Klz mlo ze}lrl klz 9<4.521 # # 9<4.521 9<4.521 Jlzd lom jlzd e|uaylneo}z Wau}loh wecbalqllo Jòzucer iaolojaoh

kòzuceo # berzad 9.5=:.429 # # 9.5=:.429 9.8=<.<<9 rejeaylbnez # oe} Aoyez}lza zexl wecbalqllo <1.:97 <1.:97 <1.544 Aoyez}ceo} ao iaoloje nelzez Wau}loh klrqlxlo 5.17: # # 5.17: 5.<22 Ecwn`qee rejeaylbnez Wau}loh knlac lzurloza 8.959 # # 8.959 8.959 Aozurloje jnlac rejeaylbnez

Aoyez}lza mlnlc zldlc # 957 # 957 957 Aoyez}ceo} ao zdlrez

Fucnld lze} keulohlo 8.<15.28= 957 # 8.<15.12= 8.:12.99< ]`}ln iaolojaln lzze}z


Waoflclo qloh ma}eracl # # 57.777 57.777 57.777 B`rr`xaohz Beblo buohl qloh clzad

dlruz mablqlr # # =7.791 =7.791 =7.791 Ljjruem ao}erez} etweozez

U}loh `bnahlza # # 2.5:5.2:2 2.5:5.2:2 2.545.=54 Bòmz wlqlbne U}loh kewlml melner # # <<1.=4< <<1.=4< <<1.=4< Wlqlbnez }` melnerz

U}loh wreca lzurloza # # 47.477 47.477 47.477 Aozurloje wrecauc wlqlbnez

Fucnld kexlfablo keulohlo # # 2.425.542 2.425.542 2.485.474 ]`}ln iaolojaln nalbana}aez

27<7

Ce}`me mlo lzucza qloh mahuolklo uo}uk ez}aclza oanlaxlflr lmlnld zeblhla beraku}6

]de i`nn`xaoh ce}d`mz lom lzzucw}aòz lre uzem }` ez}acl}e }de ilar ylnuez6

Oanla xlflr klz mlo ze}lrl klz. wau}loh knlac lzurloza.u}loh kewlml melner. u}loh wreca lzurloza. waoflclo qlohma}eracl mlo beblo buohl qloh clzad dlruz mablqlrceomekl}a oanla }erjl}l} klreol flohkl xlk}u fl}ud }ecw`qloh zaohkl} l}lz aoz}ruceo keulohlo }erzebu}/

]de ilar ylnue ì jlzd lom jlzd e|uaylneo}z. aozurloje jnlac rejeaylbnez. wlqlbnez }` melnerz. aozurloje wrecauc wlqlbnez. b`rr`xaohz lom ljjruem ao}erez} etweozez lwwr`tacl}e }dear jlrrqaoh lcùo}z nlrhernq mue }` zd`r}# }erc cl}ura}aez ì }deze aoz}ruceo}z/

Oanla xlflr wau}loh wecbalqllo kòzuceo. aoyez}lza zexlwecbalqllo mlo wau}loh klrqlxlo maoanla ceohhuolklomazkò}` lruz klz bermlzlrklo }aohkl} zuku buohl wlzlrwlml }lohhln :< Mezecber 27<7/

]de ilar ylnue ì jòzucer iaolojaoh rejeaylbnez.aoyez}ceo} ao iaoloje nelzez lom ecwn`qee rejeaylbnez lre me}ercaoem bq mazjùo}aoh jlzd in`xz uzaoh clrke} ao}erez} rl}e lz l} :< Mejecber 27<7/

Oanla xlflr aoyez}lza mlnlc zldlc maoanla zebezlr balqlwer`nedlooql klreol oanla xlflroql }amlk mlwl} maukurzejlrl dlomln/

]de ilar ylnue ì aoyez}ceo} ao zdlrez az jlrraem l} j`z} bejluze a}z ilar ylnue jloo`} be renalbnq celzurem/

Oanla xlflr u}loh `bnahlza maoanla ceohhuolklo dlrhlku`}lza wlzlr uo}uk @bnahlza Lmarl Maolcakl Cun}a IaolojeAA Zera J. @bnahlza Lmarl Maolcakl Cun}a Iaoloje AAA Zera Bmlo J. mlo @bnahlza Lmarl Maolcakl Cun}a Iaoloje AY ZeraL. Zera B. Zera J. Zera M mlo Zera E qloh }ermli}lr ma burzleiek/

]de ilar ylnue ì bòmz wlqlbne az jlnjunl}em uzaoh |u`}em clrke} wraje i`r Lmarl Maolcakl Cun}a Iaoloje Bòmz AA Zeraln J. Lmarl Maolcakl Cun}a Iaoloje Bòmz AAA Zeraln B lom J. lom Lmarl Maolcakl Cun}a Iaoloje Bòmz AY Zeraln L. Zeraln B. Zeraln J. Zeraln M lom Zeraln E naz}em ao }de z}`jk etjdlohe/











89

:2/ WR@HRLC K@CWEOZLZA FLOHKL WLOFLOH :2/ N@OH#]ERC J@CWEOZL]A@O WR@HRLC

Wlml }lduo 27<7. Mexlo K`cazlraz Werzer`lo ceoqe}ufuauo}uk cecberaklo Wr`hrlc K`cweozlza Flohkl Wlofloh$„N]JW–! kewlml Marekza mlo klrqlxlo Werzer`lo qlohceceouda werzqlrl}lo/ Wr`hrlc aoa ceruwlklo blhalomlra Z}rl}eha ]`}ln K`cweozlza W] Blok MlolcòAomòezal ]bk mlo Lolk Weruzldllo. meohlo }ufuloceohla}klo kaoerfl W] Blok Mlolcò Aomòezal ]bk mloLolk Weruzldllo zejlrl kezenurudlo meohlo k`cweozlzaqloh ma}eracl `ned klrqlxlo qloh ceceouda werzqlrl}lomlo Marekza. zer}l uo}uk ceoflhl wer}ucbudlo W] BlokMlolcò Aomòezal ]bk mlo Lolk Weruzldllo qloh

berkezaolcbuohlo/

Ao 27<7. }de J`cwloq‑z B`lrm ì J`ccazzaòerz lhreem }` hrlo} Nòh ]erc J`cweozl}aò Wnlo $„N]JW–! }` }de J`cwloq‑z B`lrm ì Marej}`rz lom enahabne ecwn`qeez/ ]de wnlo az wlr} ì W] Blok Mlolcò Aomòezal ]bk lom Zubzamalraez‑ ]`}ln J`cweozl}aò Z}rl}ehq. xa}d }de `bfej}aye }` naok W] Blok Mlolcò Aomòezal ]bk lom Zubzamalraez‑ `yerlnn weri`rcloje xa}d }de j`cweozl}aò ì enahabne ecwn`qeez lom B`lrm ì Marej}`rz. lz xenn lz }` clao}lao jò}aouùz hr`x}d ì W] Blok Mlolcò Aomòezal ]bk lom Zubzamalraez/

Wr`hrlc aoa }ermara mlra mul zkecl. qla}u6 ]daz wr`hrlc jòzaz}z ì }x` zjdecez. a/e6

# Wr`hrlc klz. wr`hrlc }ahl }lduolo qloh macunla wlml}lohhln < Funa 27<7 mlo }eru}loh wlml }lduo 27<<.27<2 mlo 27<:/ Fucnld qloh lklo mablqlrklo lklo}erhlo}uoh wlml weojlwlalo kaoerfl W] BlokMlolcò Aomòezal ]bk mlo Lolk Weruzldllo zejlrlkòz`namlza qloh }enld ma}e}lwklo zebenucoql `nedK`ca}e Recuoerlza mlo weraohkl} kaoerfl wer`rlohlobermlzlrklo weoanlalo kaoerfl wlml lkdar }lduo/

# Jlzd wnlo. l }dree#qelr#wnlo }dl} j`cceojaoh < Funq 27<7.}` be wlqlbne ao 27<<. 27<2 lom 27<:/ ]de lcùo} }` be wlam xann meweom ò }de ljdaeyeceo} ì jer}lao W] Blok Mlolcò Aomòezal ]bk lom Zubzamalraez‑ celzurez l} l jòz naml}em neyen wreme}ercaoem bq }de Recuoerl}a o J`cca}}ee lom aomayamuln weri`rcloje rl}aoh blzem ò qelr#eom weri`rcloje lwwrlazln/

# Wr`hrlc zldlc. maclol klrqlxlo qloh ceceoudawerzqlrl}lo lklo ceoeracl zefucnld uloh }uola qloh

}enld ma}e}lwklo zebenucoql mlo nlohzuoh mahuolklouo}uk cecbena zldlc W] Blok Mlolcò Aomòezal]bk $wecehloh zldlc!/ Zldlc mabena l}lz olclclzaoh#clzaoh klrqlxlo uo}uk ma}ldlo mloma}ecwl}klo mlnlc kuz}`malo aomeweomeo/ Zldlclklo mazerldklo ze}enld clzl }uohhu }ahl }lduozenezla/]lohhln wecberalo k`cweozlza mlra wr`hrlcaoa lmlnld < Funa 27<7/

# Z}`jk wnlo. ao xdajd enahabne ecwn qeez xann rejeaye l jer}lao wreme}ercaoem lcùo} ì jlzd lom marej}nq }` be

uzem }` wurjdlze }de z}`jkz ì W] Blok Mlolcò Aomòezal ]bk $zdlred nmer!/ ]de z}`jkz lre wurjdlzem uomer }de aomayamuln ecwn qeez‑ olce }` be denm lom wu} uomer lo aomeweomeo} juz}`mq/ ]de z}`jkz xann be renelzem uwò j`cwne}a o ì }de d nmaoh wera m ì }dree qelrz/ ]de hrlo} ml}e ì }daz wnlo xlz < Funq 27<7/

Beblo zedubuohlo meohlo wr`hrlc }erzebu} majl}l} wlml„beblo hlfa mlo }uoflohlo– ma nlw`rlo nlbl ruha uo}uk }lduoberlkdar :< Mezecber 27<7 zebezlr Rw <8/7<4/

]de j`z}z ao renl}a o xa}d }daz wr`hrlc lre rej`hoazem lz „zlnlraez lom beoeia}z etweozez– ao }de z}l}eceo} ì aoj`ce i`r }de qelr eomem :< Mejecber 27<7 lcùo}em }` Rw <8.7<4/

::/ LZE] MLNLC CL]L ULOH LZAOH ::/ LZZE]Z MEO@CAOL]EM AO I@REAHO JURREOJAEZ

Lze} mlnlc cl}l uloh lzaoh qloh macanaka Werzer`loberuwl klz mlo ze}lrl klz/

]de J`cwloq‑z lzze}z meo`caol}em ao i`reaho jurreojaez az jlzd lom jlzd e|uaylneo}z/

27<7 2771 2774

UZM $oanla weoud! <:4.218 <94.:9= 5=4.9<: UZM $iunn lcùo}!AMR $ekuaylneo! <.2=9 <.542 5.147 AMR $e|uaylneo}!

:=/ KEXLFABLO K@O]AOFEOZA :=/ J@O]AOHEO] NALBANA]Q Werzer`lo }amlk cecanaka kexlfablo kò}aofeoza qlohzahoaiaklo wlml }lohhln :< Mezecber 27<7. 2771 mlo2774/

]de J`cwloq mam o`} dlye loq zahoaiajlo} jò}aoheo} nalbana}q lz l} :< Mejecber 27<7. 2771 lom 2774/











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:5/ K@CA]CEO :5/ J@CCA]CEO] Werzer`lo }amlk cecanaka k`ca}ceo qloh zahoaiaklo wlml}lohhln :< Mezecber 27<7. 2771 mlo 2774/

]de J`cwloq mam o`} dlye zahoaiajlo} j`cca}ceo} lz l} :< Mejecber 27<7. 2771 lom 2774/

:9/ REKNLZAIAKLZA LKUO :9/ REJNLZZAIAJL]A@OZ @I LJJ@UO]Z Beberlwl lkuo mlnlc nlw`rlo keulohlo wlml }lohhln mlouo}uk }lduo berlkdar :< Mezecber 2771 mlo 2774 }enldmareknlzaiaklza lhlr zezula meohlo weoqlfalo nlw`rlokeulohlo wlml }lohhln mlo uo}uk }lduo berlkdar:< Mezecber 27<7 zeblhla beraku}6

Jer}lao ljjùo}z ao }de iaolojaln z}l}eceo}z lz ì lom i`r }de qelrz eomem :< Mejecber 2771 lom 2774 dlye beeo rejnlzzaiaem }` jòi`rc xa}d }de wrezeo}l}aò ì }de iaolojaln z}l}eceo}z lz ì lom i`r }de qelr eomem :< Mejecber 27<7 lz i`nn`xz6

l/ Lhuolo qloh malcban lnad ze}enld weoqazadloweouruolo oanla qloh majl}l} zeblhla lze} nlao#nlaowlml }lohhln :< Mezecber 2771 mlo 2774 clzaoh#clzaoh zebezlr Rw =/728 mlo Rw :/<<1 }enldmareknlzaiaklza ke wau}loh nlao#nlao/

l/ Rew`zzezzem j`nnl}erlnz oe} ì lnn`xloje i`r mejnaoe ao ylnue rej`rmem lz `}der lzze}z lz l} :< Mejecber 2771 lom 2774 lcùo}aoh }` Rw =.728 lom Rw :.<<1.rezwej}ayenq. dlz beeo rejnlzzaiaem }` `}der rejeaylbnez/

b/ Werlohkl} nuolk qloh majl}l} zeblhla lze} }e}lw wlml}lohhln :< Mezecber 2771 mlo 2774 clzaoh#clzaohzebezlr Rw =:/4=8 mlo Rw =5/4<< }enld mareknlzaiaklzake lze} }amlk berxufum/

b/ Zì}xlre rej`rmem lz iatem lzze}z lz l} :< Mejecber 2771 lom 2774 lcùo}aoh }` Rw =:.4=8 lom Rw =5.4<<. rezwej}ayenq. dlz beeo rejnlzzaiaem }` ao}lohabne lzze}z/

j/ Beblo nlao#nlao wlml }lduo 2771 mlo 2774 clzaoh#clzaoh zebezlr Rw :/97= mlo Rw 977 }enldmareknlzaiaklza ke weomlwl}lo nlao#nlao/

j/ @}derz etweozez ao 2771 lom 2774 lcùo}aoh }` Rw :.97= lom Rw 977. rezwej}ayenq. dlye beeo rejnlzzaiaem }` `}der aoj`ce/

m/ Weohenulrlo klz uo}uk buohl `bnahlza qloh majl}l}zeblhla lruz klz qloh mahuolklo uo}uk lk}aya}lzweomlollo uo}uk }lduo berlkdar :< Mezecber 2771mlo 2774 clzaoh#clzaoh zebezlr Rw <72/11< mloRw <:1/:2< }enld mareknlzaiaklza ke lruz klz qlohmahuolklo uo}uk lk}aya}lz werlza/

m/ Jlzd mazburzeceo}z i`r ao}erez} ò bòmz rej`rmem lz jlzd in`xz uzem ao iaolojaoh lj}aya}aez i`r }de qelrz eomem :< Mejecber 2771 lom 2774 lcùo}aoh }` Rw <72.11< lom Rw <:1.:2<. rezwej}ayenq. dlye beeo rejnlzzaiaem }` jlzd in`xz uzem ao `werl}aoh lj}aya}aez/

e/ Weohenulrlo klz uo}uk wecbenalo lze} }e}lw beruwlwerlohkl} nuolk uo}uk }lduo berlkdar :< Mezecber2771 mlo 2774 clzaoh#clzaoh zebezlr Rw 1/198 mloRw 21/<42 }enld mareknlzaiaklza ke weohenulrlo klzuo}uk wecbenalo lze} }amlk berxufum/

e/ Jlzd mazburzeceo}z i`r wurjdlzez ì iatem lzze}z ao i`rc ì zì}xlre i`r }de qelrz eomem :< Mejecber 2771 lom 2774 lcùo}aoh }` Rw 1.198 lom Rw 21.<42. rezwej}ayenq. dlye beeo rejnlzzaiaem }` jlzd mazburzeceo}z i`r wurjdlzez ì ao}lohabne lzze}z/

:8/ WEOERLWLO LXLN WZLK O@/ 57 $REYAZA 2779!MLO WZLK O@/ 55 $REYAZA 2779!

:8/ IARZ] LM@W]A@O @I ZILZ O@/ 57 $2779 REYAZA@O! LOM ZILZ O@/ 55 $2779 REYAZA@O!

Werzer`lo }enld ceoerlwklo WZLK O`/ 57 $Reyaza 2779!mlo WZLK O`/ 55 $Reyaza 2779! zejlrl wr`zwek}ai zeflk}lohhln < Floulra 27<7/

]de J`cwloq lm`w}em ZILZ O`/ 57 $2779 Reyazaò! lom ZILZ O`/ 55 $2779 Reyazaò! wr`zwej}ayenq ò < Floulrq 27<7/

Mlnlc ceoerlwklo z}lomlr blru }erzebu}. Werzer`lo }enldceohameo}aiaklza weoqezulalo }rlozaza beraku} zezulameohlo Bune}ao ]ekoaz O`/ = ceoheola ke}eo}ulo }rlozazauo}uk weoerlwlo lxln WZLK O`/ 57 $Reyaza 2779! mloWZLK O`/ 55 $Reyaza 2779! qloh ma}erba}klo `ned Akl}loLkuo}lo Aomòezal/

Ao lm`w}aoh }de lb`ye oex z}lomlrmz. }de J`cwloq dlz ameo}aiaem }de i`nn`xaoh }rloza}aòln lmfuz}ceo}z ao ljj`rmloje xa}d }de ]ejdoajln Bunne}ao O`/ = jòjeroaoh }de }rloza}aòln wr`yazaòz i`r }de iarz} lm`w}aò ì ZILZ O`/ 57 $2779 Reyazaò! lom ZILZ O`/ 55 $2779 Reyazaò!lz azzuem bq Aomòezalo Aoz}a}u}e i Ljjùo}lo}z/











84

:8/ WEOERLWLO LXLN WZLK O@/ 57 $REYAZA 2779!MLO WZLK O@/ 55 $REYAZA 2779! $nlofu}lo!

:8/ IARZ] LM@W]A@O @I ZILZ O@/ 57 $2779 REYAZA@O! LOM ZILZ O@/ 55 $2779 REYAZA@O! $jò}aouem!

Mlcwlk }rlozaza l}lz weoerlwlo WZLK O`/ 57 $Reyaza2779! mlo WZLK O`/ 55 $Reyaza 2779! }erdlmlw zlnm` lxlnoerljl Werzer`lo wlml }lohhln < Floulra 27<7 lmlnldzeblhla beraku}6

]de eiiej} ì }de }rloza}aò }` ZILZ O`/ 57 $2779 Reyazaò!lom ZILZ O`/ 55 $2779 Reyazaò! }` }de J`cwloq‑z `weoaoh blnloje zdee} lz ì < Floulrq 27<7 az ze} ù} ao }de i`nn`xaoh }lbne6

Weoqezulalo

}rlozaza/ Oanla manlw`rklo/ ]rloza}aòln Oanla mazezulaklo/

Lz rew`r}em lmfuz}ceo}z Lz lmfuz}em

Lze}6Lzze}z6 Wau}loh wecbalqllo kòzuceo # berzad 2.59<.1<= $4:.787! 2.=84.4== Jòzucer iaolojaoh rejeaylbnez # oe}

Ekua}lz6 E|ua}q6 Zlnm` nlbl # benuc ma}eo}uklo

weohhuollooql 2.5<1.51: $4:.787! 2.=:9.52: Re}laoem elroaohz # uolwwr`wral}em Weoqezulalo }rlozaza ma l}lz berlzln mlra werda}uohlokecblna keruhalo weouruolo oanla l}lz lze} keulohlozezula meohlo WZLK O`/ 55 $Reyaza 2779!/ Mlzlrwerda}uohlo kecblna keruhalo weouruolo oanla mlwl} manadl}wlml Jl}l}lo 2h/

]de lb`ye }rloza}aòln lmfuz}ceo}z xere merayem ir`c }de relzzezzceo} ì acwlarceo} n`zzez i`r iaolojaln lzze}z ao ljj`rmloje xa}d ZILZ O`/ 55 $2779 Reyazaò!/ ]de blzaz i`r relzzezzceo} ì acwlarceo} n`zzez az me}lanem ao O`}e 2h/











42

:1/ Z]LOMLR LKUO]LOZA BLRU :1/ OEX LJJ@UO]AOH Z]LOMLRMZ

]ermlwl} beberlwl z}lomlr lkuo}loza qloh zumldma}erba}klo }e}lwa benuc eiek}ai wlml }lohhln :< Mezecber27<7 mlo benuc ma}erlwklo ma mlnlc weoquzuolo nlw`rlokeulohlo aoa/

L oucber ì oex ljjùo}aoh z}lomlrmz dlye beeo azzuem bu} lre o`} qe} eiiej}aye lz ì :< Mejecber 27<7 lom dlye o`} beeo lwwnaem ao wrewlraoh }deze iaolojaln z}l}eceo}z/

• Z}lomlr lkuo}loza qloh lklo bernlku eiek}ai uo}uknlw`rlo keulohlo meohlo wera`me qloh macunla wlmll}lu ze}enld }lohhln < Floulra 27<<6

• ]de ljjùo}aoh z}lomlrmz xdajd xann be eiiej}aye i`r iaolojaln z}l}eceo}z behaooaoh ò `r li}er < Floulrq 27<<6

# WZLK O`/ < $Reyaza 2771!. „Weoqlfalo Nlw`rloKeulohlo–/ # ZILZ O`/ < $2771 Reyazaò!. „Wrezeo}l}aò ì

Iaolojaln Z}l}eceo}z–/ # WZLK O`/ 2 $Reyaza 2771!. „Nlw`rlo Lruz Klz–/ # ZILZ O`/ 2 $2771 Reyazaò!. „Z}l}eceo} ì Jlzd

In`xz–/

# WZLK O`/ : $Reyaza 27<7!. „Nlw`rlo KeulohloAo}erac–/

# ZILZ O`/ : $27<7 Reyazaò!. „Ao}erac Iaolojaln Rew`r}aoh–/

# WZLK O`/ = $Reyaza 2771!. „Nlw`rlo KeulohloKòz`namlzalo mlo Nlw`rlo Keulohlo ]erzeomara–/

# ZILZ O`/ = $2771 Reyazaò!. „Jòz`naml}em lom Zewlrl}e Iaolojaln Z}l}eceo}z–/

# WZLK O`/ 5 $Reyaza 2771!. „Zehceo @werlza–/ # ZILZ O`/ 5 $2771 Reyazaò!. „@werl}aoh Zehceo}z–/

# WZLK O`/ 8 $Reyaza 27<7!. „Weohuohklwlo Wadlk#Wadlk Berenlza–/

# ZILZ O`/ 8 $27<7 Reyazaò!. „Renl}em Wlr}aez–/

# WZLK O`/ 4 $Reyaza 27<7!. „Weraz}axl Ze}enldWera`me Wenlw`rlo–/

# ZILZ O`/ 4 $27<7 Reyazaò!. „Eyeo}z Li}er }de Rew`r}aoh Wera`m–/

# WZLK O`/ <2 $Reyaza 2771!. „Blhalo Wlr}azawlzamlnlc Yeo}url Berzlcl–/ # ZILZ O`/ <2 $2771 Reyazaò!. „Ao}erez}z ao Fào}

Yeo}urez–/

# WZLK O`/ <5 $Reyaza 2771!. „Aoyez}lza wlml Eo}a}lzLz`zalza–/

# ZILZ O`/ <5 $2771 Reyazaò!. „Aoyez}ceo}z ao Lzz`jal}ez–/

# WZLK O`/ <1 $Reyaza 27<7!. „Lze} ]lkberxufum–/ # ZILZ O`/ <1 $27<7 Reyazaò!. „Ao}lohabne Lzze}z–/

# WZLK O`/ 22 $Reyaza 27<7!. „K`cbaolza Bazoaz–/ # ZILZ O`/ 22 $27<7 Reyazaò!. „Buzaoezz J`cbaol}aòz–/

# WZLK O`/ 2: $Reyaza 27<7!. „Weomlwl}lo–/ # ZILZ O`/ 2: $27<7 Reyazaò!. „Reyeoue–/

# WZLK O`/ 25 $Reyaza 2771!. „Kebaflklo Lkuo}loza.Werubldlo Ez}aclza Lkuo}loza. mlo Kezlnldlo–/

# ZILZ O`/ 25 $2771 Reyazaò!. „Ljjùo}aoh W`najaez.Jdlohez ao Ljjùo}aoh Ez}acl}ez. lom Err`rz–/

# WZLK O`/ =4 $Reyaza 2771!. „Weouruolo Oanla Lze}–/ # ZILZ O`/ =4 $2771 Reyazaò!. „Acwlarceo} ì Lzze}z–/

# WZLK O`/ 58 $Reyaza 2771!. „Wr`yaza. Nalbana}lzKò}aofeoza mlo Lze} Kò}aofeoza–/

# ZILZ O`/ 58 $2771 Reyazaò!. „Wr`yazaòz.Jò}aoheo} Nalbana}aez lom Jò}aoheo} Lzze}z–/

# WZLK O`/ 54 $Reyaza 2771!. „Lze} ]amlk Nlojlr qlohMacanaka uo}uk Mafuln mlo @werlza qloh Madeo}aklo–/

# ZILZ O`/ 54 $2771 Reyazaò!. „Oò#Jurreo} Lzze}z Denm i`r Zlne lom Mazjò}aouem @werl}aòz–/

# Ao}erwre}lza Z}lomlr Lkuo}loza Keulohlo $AZLK!O`/ 8 $Reyaza 2771!. „Kòz`namlza Eo}a}lz Ber}ufuloKduzuz–/

# Ao}erwre}l}aò ì Iaolojaln Ljjùo}aoh Z}lomlrm $AILZ! O`/ 8 $2771 Reyazaò!. „Jòz`naml}aò ì Zwejaln Wurw`ze Eo}a}aez–/











4:

:1/ Z]LOMLR LKUO]LOZA BLRU $nlofu}lo! :1/ OEX LJJ@UO]AOH Z]LOMLRMZ $jò}aouem!

# AZLK O`/ 1. „Werubldlo l}lz Nalbana}lz Lk}aya}lzWurol`werlza. Rez}`rlza mlo Nalbana}lz Zeruwl–/

# AILZ O`/ 1. „Jdlohez ao Etaz}aoh Mej`ccazzaòaoh.Rez}`rl}aò lom Zacanlr Nalbana}aez/–

# AZLK O`/ <7. „Wr`hrlc N`qlna}lz Wenlohhlo–/ # AILZ O`/ <7. „Juz}`cer N`qln}q Wr`hrlccez–/

# AZLK O`/ <<. „Maz}rabuza Lze} Oòklz KewlmlWecanak–/

# AILZ O`/ <<. „Maz}rabu}aò ì Oò#Jlzd Lzze}z }` @xoerz–/

# AZLK O`/ <2. „Weoheomlnalo Berzlcl Eo}a}lz6Kò}rabuza Oòcòe}er `ned Yeo}urer–/

# AILZ O`/ <2. „Fào}nq Jò}r`nnem Eo}a}aez6 Oò# Còe}lrq Jò}rabu}aòz bq Yeo}urerz–/

# AZLK O`/ <= $Reyaza 27<7!. „Lze} ]lkberxufum #Balql Za}uz Xeb–/

# AILZ O`/ <= $27<7 Reyazaò!. „Ao}lohabne Lzze}z # Xeb Za}e J`z}z–/

# AZLK O`/ <8. „Nlw`rlo Keulohlo Ao}erac mloWeouruolo Oanla–/

# AILZ O`/ <8. „Ao}erac Iaolojaln Rew`r}aoh lom Acwlarceo}–/

• Z}lomlr lkuo}loza qloh lklo bernlku eiek}ai uo}uknlw`rlo keulohlo meohlo wera`me qloh macunla wlmll}lu ze}enld }lohhln < Floulra 27<26

• ]de ljjùo}aoh z}lomlrmz xdajd xann be eiiej}aye i`r iaolojaln z}l}eceo}z behaooaoh ò `r li}er < Floulrq 27<26

# WZLK O`/ <7 $Reyaza 27<7!. „Weohlrud WerubldloKurz Ylnu}l Lzaoh–/ # ZILZ O`/ <7 $27<7 Reyazaò!. „]de Eiiej}z ì

Jdlohez ao I`reaho Etjdlohe Rl}ez–/

# AZLK O`/ <:. „Naomuoh Oanla Aoyez}lza Oe}` mlnlcKehal}lo Uzldl Nulr Oehera–/

# AILZ O`/ <:. „Demhez ì l Oe} Aoyez}ceo} ao l I`reaho @werl}aò–/

Werzer`lo zemloh mlnlc wr`zez ceohlolnazaz mlcwlkqloh lklo ma}acbunklo mlra weoerlwlo z}lomlr#z}lomlrlkuo}loza aoa/

]de J`cwloq az ao }de wr`jezz ì lolnqvaoh }de acwlj} }dl} xann rezun} ir`c }de lm`w}aò ì }deze ljjùo}aoh z}lomlrmz/

=7/ WERAZ]AXL ZE]ENLD ]LOHHLN OERLJL =7/ ZUBZE\UEO] EYEO]Z

Zlcwla meohlo }lohhln nlw`rlo keulohlo aoa mazenezlaklo`ned Marekza Werzer`lo. }amlk lml weraz}axl ze}enld }lohhlnoerljl qloh zahoaiaklo/

Uw }` }de ml}e }de iaolojaln z}l}eceo}z xere j`cwne}em bq }de J`cwloq‑z Marej}`rz. }dere dlz beeo o` zahoaiajlo} zubze|ueo} eyeo}/

Laporan Keuangan 2010 Adira Dinamika Multi Finance ADMF. Audited.

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Transcript of Laporan Keuangan 2010 Adira Dinamika Multi Finance ADMF. Audited.