120$6/Ʈ*8061UBBBBBB

5ƯJDJDGDMnjOLMƗ

6725(176,$YLHQRWDLVUHƧLVWUƗFLMDVQXPXUVWXUSPƗNWHNVWƗVDXNWDSDU,]QRPƗWƗMX
NXUXX]SLOQYDUDVSDPDWDSƗUVWƗYSƗUGRãDQDVYDGƯWƗMV,YDQDXVNDV9LWDXWDVQRYLHQDVSXVHVXQ

BBBBBBBBBBBBSHUVRQDVNRGVBBBBBBBBBBBBWXUSPƗNWHNVWƗVDXNWDSDU1RPQLHNXNXUXX]VWDWnjWX
SLOQYDUDVDWELOVWRãRSDVYƯWURWSDPDWDSƗUVWƗYBBBBBBBBBBBBBBBBBBBBBBQRRWUDVSXVHV

NDWUDDWVHYLãƷLWXUSPƗNWHNVWƗVDXNWDDUƯSDU³/ƯG]ƝMX´EHWNRSƗSDU³/ƯG]ƝMLHP´

DS]LQƗGDPƗVVDYDVGDUEƯEDVMXULGLVNRQR]ƯPLXQVHNDVQHYLHQDQHSLHVSLHVWDVEH]PDOGƯEDVYLOWXVXQ
VSDLGLHPQRVOƝG]VDGDUEƯEDVOƯJXPXWXUSPƗNWHNVWƗVDXNWVSDU³/ƯJXPX´DUãƗGXVDWXUX

/Ʈ*80$35,(.â0(76
,]QRPƗWƗMVQRGRGXQ1RPQLHNVSLHƼHPDWOƯG]ƯEDVOLHWRãDQƗQRPƗ,]QRPƗWƗMDƯSDãXPƗXQYDL
YDOGƯMXPƗHVRãXDXWRPDãƯQXWXUSPƗNWHNVWƗVDXNWDSDU³$XWRPDãƯQX´$XWRPDãƯQDVWHKQLVNƗVSHFLILNƗFLMD
NƗDUƯ,]QRPƗWƗMDVQLHJWRSDNDOSRMXPXDSUDNVWVLUL]NOƗVWƯWV/ƯJXPDSLHOLNXPƗ1U
ƮSDãXPDWLHVƯEDVX]$XWRPDãƯQX/ƯJXPDGDUEƯEDVODLNƗQHWLHNQRGRWDV1RPQLHNDPMD/ƯJXPƗQDY
QRWHLNWVFLWƗGLXQMD/ƯG]ƝMLUDNVWYHLGƗQHYLHQRMDVSDU$XWRPDãƯQDVƯSDãXPXWLHVƯEXSƗUHMX1RPQLHNDPYDL
WUHãDMƗPSHUVRQƗP

$8720$âƮ1$612'2â$1$813,(ƻ(0â$1$
120$67(50,ƻâ

,]QRPƗWƗMVQRGRG$XWRPDãƯQX1RPQLHNDP/ƯG]ƝMLHPSDUDNVWRW$XWRPDãƯQDVSLHƼHPãDQDV
QRGRãDQDVDNWX/ƯJXPD3LHOLNXPV1UNXUƗQRUƗGD
$XWRPDãƯQDVPDUNX
$XWRPDãƯQDVPRGHOL
$XWRPDãƯQDVãDVLMDVQXPXUX
$XWRPDãƯQDVNUƗVX
$XWRPDãƯQDVQREUDXNXPDDSMRPX
6KƝPXNXUƗWLHNJUDILVNLQRUƗGƯWL$XWRPDãƯQDVERMƗMXPLEXNWHVVNUƗSƝMXPLXQSOƯVXPL
$XWRPDãƯQDVQRGRãDQDVODLNXVWXQGDGLHQDPƝQHVLVJDGV
$XWRPDãƯQDVQRGRãDQDVYLHWX
$XWRPDãƯQDVQRPDVSHULRGXWHUPLƼX
1RPDVPDNVDVDSPƝUXSDUYLHQXGLHQX
$XWRPDãƯQDVQRPDVPLQLPƗORWHUPLƼXGLQDPLVNRFHQXSLHPƝURãDQDVJDGƯMXPƗ
$XWRPDãƯQƗL]PDQWRMDPƗVGHJYLHODVOLNPHVDSPƝUX

1RPQLHNVQRGRG$XWRPDãƯQX,]QRPƗWƗMDP/ƯG]ƝMLHPSDUDNVWRW$XWRPDãƯQDVSLHƼHPãDQDV
QRGRãDQDVDNWXNXUƗQRUƗGD
$XWRPDãƯQDVPDUNX
$XWRPDãƯQDVPRGHOL
$XWRPDãƯQDVãDVLMDVQXPXUX
$XWRPDãƯQDVNUƗVX
$XWRPDãƯQDVQREUDXNXPDDSMRPX
$XWRPDãƯQDVSLHƼHPãDQDVODLNXVWXQGDGLHQDPƝQHVLVJDGV
$XWRPDãƯQDVSLHƼHPãDQDVQRGRãDQDVYLHWX
6KƝPXNXUƗWLHNJUDILVNLQRUƗGƯWL$XWRPDãƯQDVERMƗMXPLEXNWHVVNUƗSƝMXPLXQSOƯVXPL

/ƯJXPDXQSXQNWƗQRWHLNWR$XWRPDãƯQDVSLHƼHPãDQDVQRGRãDQDVDNWXSDUDNVWƯãDQDVEUƯGLVLU
DWELOGƯEDVSDU$XWRPDãƯQDVERMƗMXPX]ƗG]ƯEDVERMƗHMDVXQFLWXULVNXSƗUƝMXQRYLHQD/ƯG]ƝMDX]RWUX
EUƯGLV

,=120Ɩ7Ɩ-6 NOMNIEKS
Lapa 1. no 7
$XWRPDãƯQD1RPQLHNDPWLHNQRGRWDODEƗVWƗYRNOƯXQEH]GHIHNWLHP6njG]ƯEDVXQSUHWHQ]LMDVSDU
$XWRPDãƯQDVWHKQLVNRVWƗYRNOL1RPQLHNVL]VDND,]QRPƗWƗMDPQHYƝOƗNNƗSLUPV/ƯJXPDSXQNWƗPLQƝWƗ
$XWRPDãƯQDVSLHƼHPãDQDVQRGRãDQDVDNWDSDUDNVWƯãDQDVEUƯåD3DUDNVWRW$XWRPDãƯQDVSLHƼHPãDQDV
QRGRãDQDVDNWX1RPQLHNVDSOLHFLQDND$XWRPDãƯQXLUVDƼƝPLV/ƯJXPƗQRWHLNWDMƗYLHWƗXQODLNƗXQWƗ
VWƗYRNOLVVDƼHPãDQDVEUƯGƯSLOQƯEƗDWELOVW1RPQLHNDSUDVƯEƗP3DUDNVWRW/ƯJXPX1RPQLHNVDSƼHPDV
SLOQƗDSPƝUƗPDWHULƗOLDWELOGƝWSDUYLVLHP$XWRPDãƯQDVYL]XƗOLHPXQWHKQLVNLHPERMƗMXPLHPNDVWDL
UDGXãLHVSƝFWƗVQRGRãDQDV1RPQLHNDPSDUQR]DXGƝWLHPGRNXPHQWLHPXQDWGDOƗPDMLHPSLHGHUXPLHP
VWDQGDUWDXQYDLSDSLOGXVDSUƯNRMXPXNƗDUƯDW]ƯVWSDUSDPDWRWLHPXQDSƼHPDVSLOQƗDSPƝUƗVHJW
,]QRPƗWƗMDPLHSULHNãPLQƝWƗVDNDUƗUDGXãRVXQ,]QRPƗWƗMDDSUƝƷLQƗWRV]DXGƝMXPXVL]ƼHPRW]DXGƝMXPXV
NXUXVVHG]REOLJƗWƗVDXV]HPHVWUDQVSRUWDOƯG]HNƺXƯSDãQLHNXFLYLOWLHVLVNƗVDWELOGƯEDVDSGURãLQƗãDQD
WXUSPƗNWHNVWƗ2&7$YDLVDXV]HPHVWUDQVSRUWDOƯG]HNƺXDSGURãLQƗãDQDWXUSPƗNWHNVWƗ.$6.2XQ
DWWLHFƯEƗX]NXULHP1RPQLHNDDWELOGƯEDVDSMRPVLULHUREHåRWV$XWRPDãƯQDVSLHƼHPãDQDVQRGRãDQDVDNWƗ
QRUƗGƯWRVXPPXDSPƝUƗ6DVNDƼƗDU/ƯJXPDQRWHLNXPLHPQRWHLNWDLV1RPQLHNDDWELOGƯEDVDSMRPD
LHUREHåRMXPVQHDWWLHFDVX]]DXGƝMXPLHPNDV,]QRPƗWƗMDPUDGXãLHVVDNDUƗDU$XWRPDãƯQDVVDORQD
SROVWHUƝMXPDERMƗMXPLHPVPƝƷƝãDQDVUH]XOWƗWƗ$XWRPDãƯQDVULHSXPHKƗQLVNLHPERMƗMXPLHP
$XWRPDãƯQDVERMƗMXPLHPNDVUDGXãLHVVQLHJDYDLOHGXVNULãDQDVQRƝNXMXPWLHPUH]XOWƗWƗ$XWRPDãƯQDV
ERMƗMXPLHPNDVUDGXãLHVOLHWRMRW$XWRPDãƯQXYLHWƗVNDVQDYSDUHG]ƝWDVFHƺXVDWLNVPHL

3ƝF/ƯJXPDSXQNWƗPLQƝWƗ$XWRPDãƯQDVSLHƼHPãDQDV±QRGRãDQDVDNWDSDUDNVWƯãDQDV
1RPQLHNVDWVDNƗVFHOWMHENƗGDYHLGDSUHWHQ]LMDVSUHW,]QRPƗWƗMX$XWRPDãƯQDVQHSLOQƯEXYDLWUnjNXPXGƝƺ
1REUƯåDNDG1RPQLHNVLUSLHƼƝPLV$XWRPDãƯQDVWXUƝMXPXQR,]QRPƗWƗMDSDUDNVWƯMLV$XWRPDãƯQDV
SLHƼHPãDQDVQRGRãDQDVDNWX
1RPQLHNDPSƗULHWYLVV$XWRPDãƯQDVQHMDXãDVERMƗHMDVULVNVXQ1RPQLHNVX]ƼHPDVSDDXJVWLQƗWƗV
EƯVWDPƯEDVDYRWDƯSDãQLHNDDWELOGƯEX
1RPQLHNVDWELOGSDUYLVƗPUHG]DPDMƗPXQVOƝSWDMƗPQHSLOQƯEƗPNDVVDLVWƯWDVDU$XWRPDãƯQXNƗDUƯ
QR$XWRPDãƯQDVL]ULHWRãDMƗPSUDVƯEƗPXQWƗVUDGƯWLHP]DXGƝMXPLHP

*DGƯMXPƗMD$XWRPDãƯQDLUERMƗWD1RPQLHNDYDLQDVGƝƺWDGYLVDVDU$XWRPDãƯQDVUHPRQWXVDLVWƯWƗV
L]PDNVDVQRVDYLHPOƯG]HNƺLHPVHG]1RPQLHNV
1RPQLHNDPLUSUDVƯMXPDWLHVƯEDV,]QRPƗWƗMDYƗUGƗSUHWWUHãDMƗPSHUVRQƗPNDVNDXWNƗGƗYHLGƗ
UDGƯMXãDV]DXGƝMXPXV,]QRPƗWƗMDPVDNDUƗDU$XWRPDãƯQXWRERMƗMRWYDLSUHWWLHVLVNLOLHWRMRW
QHSLHFLHãDPƯEDVJDGƯMXPƗ1RPQLHNDPLUSLHQƗNXPVSLHSUDVƯWQR,]QRPƗWƗMDDWWLHFƯJƗVSLOQYDUDV
L]VQLHJãDQXQRWHLNWRGDUEƯEXYHLNãDQDL

$XWRPDãƯQDVQRGRãDQDVIDNWX,]QRPƗWƗMDPQHDWNDUƯJLQR$XWRPDãƯQDVIDNWLVNƗVL]PDQWRãDQDV
EHLJƗPDSOLHFLQDDEXOƯG]ƝMXSDUDNVWƯWV/ƯJXPDSXQNWƗPLQƝWDLV$XWRPDãƯQDVSLHƼHPãDQDV
QRGRãDQDVDNWVNXUƗWLHNILNVƝWV$XWRPDãƯQDVL]PDQWRãDQDVLOJXPVGLHQXVNDLWVXQNLORPHWUXVNDLWVNƗ
DUƯ$XWRPDãƯQDVERMƗMXPLMDWƗGLUDGXãLHV1RPQLHNDPLUSLHQƗNXPVSDUDNVWƯWPLQƝWR$XWRPDãƯQDV
SLHƼHPãDQDVQRGRãDQDVDNWXQHYƝOƗNNƗQƗNDPDMƗGDUEDGLHQƗSƝF$XWRPDãƯQDVIDNWLVNƗVL]PDQWRãDQDV
EHLJƗPSUHWƝMƗJDGƯMXPƗ,]QRPƗWƗMDPLUWLHVƯEDVQRIRUPƝWPLQƝWRDNWXYLHQSXVƝMLXQWDV1RPQLHNDPLU
VDLVWRãV
1RPQLHNVDSƼHPDVQRGRW$XWRPDãƯQX,]QRPƗWƗMDP/ƯJXPDSXQNWƗPLQƝWDMƗ$XWRPDãƯQDV
SLHƼHPãDQDVQRGRãDQDVDNWƗQRWHLNWDMƗYLHWƗXQQRWHLNWDMƗODLNƗNRSƗDUYLVLHPWƗSLHGHUXPLHPXQ
VWDQGDUWDXQYDLSDSLOGXVDSUƯNRMXPXNƗDUƯGRNXPHQWLHPYL]XƗOLXQWHKQLVNLQHYDLQRMDPƗXQOLHWRãDQDL
GHUƯJƗVWƗYRNOƯ*DGƯMXPƗMD1RPQLHNVQHQRGRG$XWRPDãƯQX,]QRPƗWƗMDP/ƯJXPDSXQNWƗPLQƝWDMƗ
$XWRPDãƯQDVSLHƼHPãDQDVQRGRãDQDVDNWƗQRWHLNWDMƗYLHWƗXQQRWHLNWDMƗODLNƗ,]QRPƗWƗMDPLUWLHVƯEDV
X]VNDWƯW$XWRPDãƯQXSDUQR]DJWX

1201,(.$7,(6Ʈ%$6813,(1Ɩ.80,
1RPQLHNDPLUSLHQƗNXPVYLVƗ$XWRPDãƯQDVQRPDVSHULRGƗLHYƝURW/DWYLMDV5HSXEOLNDVWLHVƯEXDNWRV
QRWHLNWRNƗDUƯOLHWRWX]WXUƝWXQJODEƗW$XWRPDãƯQXDUSLHQƗFƯJXSUDVPLXQDWELOVWRãXUnjSƯEX
1RPQLHNDPLUSLHQƗNXPVODLNƗNDPƝU$XWRPDãƯQDDWURGDVSLH1RPQLHNDEHWQHWLHNOLHWRWDYHLNW
YLVXVQHSLHFLHãDPRVXQLHVSƝMDPRVGURãƯEDVSDVƗNXPXV$XWRPDãƯQDVDL]VDUG]ƯEDL
1RPQLHNDPLUSLHQƗNXPVSƝF$XWRPDãƯQDVQRPDVSHULRGDEHLJƗPQRGRW$XWRPDãƯQX,]QRPƗWƗMDP
WƗGƗVWƗYRNOƯNƗGƗWƗWLNDQRGRWD1RPQLHNDPSLHƺDXMRWYLHQƯJLWƗVGDELVNRQROLHWRMXPX

,=120Ɩ7Ɩ-6 NOMNIEKS
Lapa 2. no 7
1RPQLHNDPLUSLHQƗNXPVQHNDYƝMRWLHVUDNVWYHLGƗLQIRUPƝW,]QRPƗWƗMXSDUMHENXUX$XWRPDãƯQDV
ERMƗMXPX]ƗG]ƯEXYDLERMƗHMXNƗDUƯSDUJDGƯMXPLHPMDSUHW1RPQLHNXLUX]VƗNWVPDNVƗWQHVSƝMDV
SURFHVVWLHVLVNƗVDL]VDUG]ƯEDVSURFHVVYDLOLNYLGƗFLMDVSURFHVV
1RPQLHNVLUDWELOGƯJVSDU$XWRPDãƯQDVOLHWRãDQDVQRWHLNXPXLHYƝURãDQXNDVDSUDNVWƯWL/ƯJXPƗXQ
$XWRPDãƯQDVVHUYLVDXQWHKQLVNDMƗJUƗPDWLƼƗ
$WVWƗMRWDXWRPDãƯQXWƗLUMƗDL]VOƝG]DUVLJQDOL]ƗFLMXXQMƗJODEƗDSGURãLQƗãDQDVQRWHLNXPLHP
DWELOVWRãƗVYLHWƗV
$XWRPDãƯQX1RPQLHNDPMƗDWGRG,]QRPƗWƗMDPQRPD]JƗWXXQL]WƯUƯWXYDLSUHWƝMƗJDGƯMXPƗSDUãR
SDNDOSRMXPXMƗPDNVƗ/9/WUƯVGHVPLWODWLQXOOHVDQWƯPL
$XWRPDãƯQD1RPQLHNDPMƗDWGRG,]QRPƗWƗMDPDWELOVWRãL/ƯJXPDQRWHLNXPLHPSDUDNVWRWSLHƼHPãDQDV
XQQRGRãDQDVDNWX1RGRãDQDVEUƯGƯ$XWRPDãƯQDLMƗEnjWDUNRPSOHNWƗFLMXNƗGDWƗLUVDƼHPWDWDLQHGUƯNVW
EnjWQHNƗGLWUnjNXPLYDLGHIHNWLSLHPƝUDPYLUVEnjYMXERMƗMXPLVNUƗSƝMXPLVDORQDUHG]DPLERMƗMXPLULWRãƗV
GDƺDVPRWRUDXQHOHNWURLQVWDOƗFLMDVERMƗMXPLQHNYDOLWDWƯYLYLUVEnjYHVUHPRQWLXFNDVQDYVDLVWƯWLDU
$XWRPDãƯQDVGDELVNXQROLHWRMXPXEHWMDWƗGLWLHNNRQVWDWƝWL/ƯG]ƝMLWRVQRUƗGDSLHƼHPãDQDVXQ
QRGRãDQDVDNWƗNƗDUƯSDUDNVWRWDNWXYLHQRMDVSDUGHIHNWXQRYƝUãDQDVL]PDNVXDSPƝULHPXQQRYƝUãDQDV
WHUPLƼLHP
1RPQLHNDPLUWLHVƯEDVOLHWRW$XWRPDãƯQXDUQRVDFƯMXPXND1RPQLHNVNƗIL]LVNDSHUVRQDYDL1RPQLHND
NƗMXULGLVNDVSHUVRQDVSƗUVWƗYLVNXUãLUSLOQYDURWVOLHWRW$XWRPDãƯQXLUYLVPD]GLYGHVPLWJDGXVYHFV
XQWDPLUDXWRYDGƯWƗMDWLHVƯEDVDUVWƗåXQHPD]ƗNXNƗGLYLHPJDGLHPNRDSOLHFLQDGHUƯJDDXWRYDGƯWƗMD
DSOLHFƯED$XWRPDãƯQXLUWLHVƯEDVOLHWRWDUƯMHENXUDL1RPQLHNDSLOQYDURWDMDLWUHãDMDLSHUVRQDLMDWDP
UDNVWYHLGƗSLHNULWLV,]QRPƗWƗMVXQDWWLHFƯEƗX]1RPQLHNDSLOQYDURWRWUHãRSHUVRQXLULHYƝURWV
LHSULHNãPLQƝWDLVQRVDFƯMXPV1HDWNDUƯJLQRIDNWLVNƗ$XWRPDãƯQDVOLHWRWƗMDDXWRYDGƯWƗMDDWELOGƯEXSDU
$XWRPDãƯQXVDVNDƼƗDU/ƯJXPDQRWHLNXPLHPSLOQƯEƗX]ƼHPDV1RPQLHNV
1RPQLHNDPQDYWLHVƯEX$XWRPDãƯQXOLHWRW
%UDXNãDQDLYLHWƗVNDVQDYSDUHG]ƝWDVFHƺXVDWLNVPHL
/DLNƗNDG1RPQLHNVYDLWƗVSLOQYDURWƗSHUVRQDYDLMHENXUãFLWV$XWRPDãƯQDVYDGƯWƗMVDWURGDV
DONRKRODKDOXFLQƗFLMXL]UDLVRãXPHGLNDPHQWXQDUNRWLVNRYLHOXYDLMHENXUXFLWXYLHOXNXUDVYƗMLQDWƗDS]LƼX
XQUHDNFLMXLHVSDLGƗ
3ƗUNƗSMRWMHENXUDVPXLWDVFHƺXVDWLNVPHVYDLFLWXVQRWHLNXPXV
%UDXNãDQDLƗUSXV%DOWLMDV/DWYLMDV/LHWXYDVXQ,JDXQLMDVWHULWRULMDV
/DLSƗUYDGƗWXSDVDåLHUXVSDUPDNVX
/DLYLONWXYDLVWXPWXFLWXWUDQVSRUWOƯG]HNOL
/DLYHLNWXWUHãRSHUVRQXDSPƗFƯEXWUDQVSRUWOƯG]HNƺXYDGƯãDQƗ
/DLSLHGDOƯWRVDXWRVSRUWDVDFHQVƯEƗVXQYDLJDWDYRWRVWƗP

1RPQLHNDPQDYWLHVƯEDV$XWRPDãƯQXDWVDYLQƗWGƗYLQƗWLHƷƯOƗWXQFLWƗGLDSJUnjWLQƗWNƗDUƯQRGRW
$XWRPDãƯQXDSDNãQRPƗ
1RPQLHNDPQRVDYLHPOƯG]HNƺLHPMƗVHG]LHVSƝMDPƗVVRGDQDXGDVSDUFHƺXVDWLNVPHVQRWHLNXPX
SƗUNƗSXPLHP1RPQLHNVLUSLOQƯEƗPDWHULƗOLDWELOGƯJVSDUSDãYDOGƯEXXQYDOVWVNRPSHWHQWRLHVWƗåX
SLHPƝURWLHPVRGLHPXQDL]OLHJXPLHPDWWLHFƯEƗX]$XWRPDãƯQXXQDSƼHPDVDWOƯG]LQƗW,]QRPƗWƗMDPYLVXV
WLHãRVXQQHWLHãRVL]GHYXPXVXQYDL]DXGƝMXPXVNDVWDPãƗGƗJDGƯMXPƗYDUUDVWLHV
-D$XWRPDãƯQDDWURGDVWƗGƗVWƗYRNOƯNDWRQDYLHVSƝMDPVOLHWRWSLOQƯJLYDLGDƺƝMLWDG1RPQLHNDP
QDYWLHVƯEXDWWHLNWLHVQR/ƯJXPDPDNVƗMXPXVDPDNVDV,]QRPƗWƗMDPNƗDUƯQRFLWXãƯ/ƯJXPDVDLVWƯEX
L]SLOGHV

,=120Ɩ7Ɩ-$7,(6Ʈ%$6813,(1Ɩ.80,
,]QRPƗWƗMDPLUWLHVƯEDVNƗSLUPVWƗDUƯSƝF$XWRPDãƯQDVQRGRãDQDV1RPQLHNDPLHSD]ƯWLHVDU
$XWRPDãƯQDVWHKQLVNRVWƗYRNOL
,]QRPƗWƗMVQDYWLHVƯJVWUDXFƝW1RPQLHNDP$XWRPDãƯQDVOLHWRãDQXYLVƗ$XWRPDãƯQDVQRPDVODLNƗ
L]ƼHPRWJDGƯMXPXVNDG,]QRPƗWƗMDPãƗGDVWLHVƯEDVURGDVVDVNDƼƗDU/ƯJXPDXQYDL/DWYLMDV5HSXEOLNDV
WLHVƯEXDNWXQRWHLNXPLHP

,=120Ɩ7Ɩ-6 NOMNIEKS
Lapa 3. no 7
*DGƯMXPƗMD1RPQLHNVQHLHYƝURMHENXUXQR/ƯJXPDQRWHLNXPLHP,]QRPƗWƗMDPLUWLHVƯEDVMHENXUƗODLNƗ
YLHQSXVƝMLODX]W/ƯJXPXSDUWRUDNVWYHLGƗSD]LƼRMRW1RPQLHNDPVDYXNƗUW1RPQLHNDPãƗGƗJDGƯMXPƗLU
SLHQƗNXPVQHYƝOƗNNƗSLHNWDMƗGDUEDGLHQƗSƝF,]QRPƗWƗMDUDNVWYHLGDSD]LƼRMXPDL]VnjWƯãDQDVEUƯåD
QHNDYƝMRWLHV,]QRPƗWƗMDPQRGRW$XWRPDãƯQX*DGƯMXPƗMD1RPQLHNVQHLHYƝURLHSULHNãPLQƝWR
$XWRPDãƯQDVQRGRãDQDV,]QRPƗWƗMDPWHUPLƼX,]QRPƗWƗMDPLUWLHVƯEDVX]VNDWƯW$XWRPDãƯQXSDUQR]DJWX
NƗDUƯ,]QRPƗWƗMVEH]LHSULHNãƝMDEUƯGLQƗMXPDLUWLHVƯJVSƗUƼHPW$XWRPDãƯQXVDYƗYDOGƯMXPƗQHDWNDUƯJLQR
$XWRPDãƯQDVDWUDãDQƗVYLHWDVXQWDMƗHVRãDMƗP1RPQLHNDYDLWUHãRSHUVRQXPDWHULƗODMƗPYƝUWƯEƗP
$WELOGƯEDSDU$XWRPDãƯQXWƗVUDGƯWDMLHP]DXGƝMXPLHPWUHãDMƗPSHUVRQƗPXQWRPDWHULƗODMƗPYƝUWƯEƗP
LHSULHNãPLQƝWDMƗJDGƯMXPƗVDVNDƼƗDU/ƯJXPDQRWHLNXPLHPSLOQƯEƗJXOVWDVX]1RPQLHNXOƯG]EUƯGLPNDPƝU
VDVNDƼƗDUãLHPQRPDVQRWHLNXPLHPWLHNQRIRUPƝWV/ƯJXPDSXQNWƗPLQƝWDLV$XWRPDãƯQDV
SLHƼHPãDQDVQRGRãDQDVDNWVXQ1RPQLHNVLUSLOQƯEƗL]SLOGƯMLVDU/ƯJXPXX]ƼHPWƗVVDLVWƯEDV

,]QRPƗWƗMDPLUWLHVƯEDVPDNVƗMXPXX]UDXG]ƯEXXQUƝƷLQXLHNDVƝãDQXX]GRWWUHãDMƗPSHUVRQƗPNƗDUƯ
JDGƯMXPƗMD1RPQLHNVNDYƝPDNVƗMXPXVLQIRUPƗFLMXSDU1RPQLHNXXQYLƼDSLHƺDXWDMLHPPDNVƗMXPX
NDYƝMXPLHPL]SDXVWWUHãDMƗPSHUVRQƗPNUHGLWRUXLQWHUHãXDL]VDUG]ƯEDVPƝUƷLHPWVNLHNƺDXWWR
&UHGLWUHIRUP/DWYLMD)L]LVNRSHUVRQXNUHGƯWYƝVWXUHVGDWXEƗ]Ɲ

120$60$.6$81125Ɯƶ,18.Ɩ57Ʈ%$
1RPQLHNDPLUSLHQƗNXPVVDPDNVƗW,]QRPƗWƗMDPPDNVXSDU$XWRPDãƯQDVQRPXWHNVWƗVDXNWD±
1RPDVPDNVDSDPDWRMRWLHVX],]QRPƗWƗMDVDJDWDYRWXUƝƷLQXEH]VNDLGUDVQDXGDVQRUƝƷLQXIRUPƗ
SƗUVNDLWRWUƝƷLQƗQRUƗGƯWRVXPPXX],]QRPƗWƗMDEDQNDVNRQWXYDLDUƯVNDLGUƗQDXGƗ,]QRPƗWƗMDNDVƝ
QRUƗGƯWDMƗWHUPLƼƗ5ƝƷLQXVDJDWDYRXQNRSƝMRVXPPX,]QRPƗWƗMVDSUƝƷLQDƼHPRWYƝUƗ$XWRPDãƯQDV
L]PDQWRãDQDVLOJXPXGLHQXVNDLWXXQQREUDXFDPRYDLQREUDXNWRNLORPHWUXVNDLWXSDPDWRMRWLHVX]
VDVNDƼƗDU/ƯJXPDQRWHLNXPLHPQRIRUPƝWDMƗ$XWRPDãƯQDVSLHƼHPãDQDVQRGRãDQDVDNWƗILNVƝWR
LQIRUPƗFLMX3DUDNVWRW/ƯJXPX1RPQLHNVDSOLHFLQDNDLULHSD]LQLHVDU,]QRPƗWƗMDQRWHLNWR1RPDVPDNVDV
DSPƝUXXQDW]ƯVW,]QRPƗWƗMDPWLHVƯEDVYLHQSXVƝMLPDLQƯWQRWHLNWRV1RPDVPDNVDVDSPƝUXJDGƯMXPRVMD
1RPQLHNVQHLHYƝURãDMƗ/ƯJXPƗQRWHLNWR$XWRPDãƯQDVQRGRãDQDV,]QRPƗWƗMDPWHUPLƼX
/ƯG]ƝMLYLHQRMDVND1RPDVPDNVƗWLHNLHNƺDXWDDUƯVDPDNVDSDU$XWRPDãƯQDV2&7$XQ.$6.2
DSGURãLQƗãDQƗP/DLVDPD]LQƗWX.$6.2DSGURãLQƗãDQDVSDãULVNDDSPƝUXLULHVSƝMDPVSLHPƝURWQRPDV
PDNVDVX]FHQRMXPX1RPDVPDNVDVX]FHQRMXPVXQDWWLHFƯJDLV.$6.2DSGURãLQƗãDQDVSDãULVNVWLHN
QRUƗGƯWVSLHƼHPãDQDVQRGRãDQDVDNWƗ
,]QRPƗWƗMVQRVnjWD1RPQLHNDPLNPƝQHãD1RPDVPDNVDVXQDWWLHFƯJDMRVJDGƯMXPRVDUƯPDNVDVSDU
3DSLOGSDNDOSRMXPLHPUƝƷLQXNDWUDPƝQHãDSLHFSDGVPLWDMƗXQNDWUDPƝQHãDSƝGƝMƗGDWXPƗX]
1RPQLHNDMXULGLVNRDGUHVLMD/ƯG]ƝMLUDNVWYHLGƗQDYYLHQRMXãLHVSDUFLWXUƝƷLQXQRVnjWƯãDQDVNƗUWƯEX
-DãƯ/ƯJXPDGDUEƯEDVODLNƗVWƗMDVVSƝNƗQRGRNƺLYDLQRGHYDVYDLNƗGDQRNRPSHWHQWƗPYDOVWV
SƗUYDOGHVLQVWLWnjFLMƗPL]GRGWLHVƯEXDNWXVNDLGURMXPXVWXONRMXPXVNDV,]QRPƗWƗMDPX]OLHNSDSLOGXV
PDNVƗMXPXVVDNDUƗDUãR/ƯJXPXYDL$XWRPDãƯQXWDG,]QRPƗWƗMDPLUWLHVƯEDVDWWLHFƯJLSDOLHOLQƗW1RPDV
PDNVXYDLFLWXVQR/ƯJXPDL]ULHWRãXVPDNVƗMXPXVLHSULHNãQHVDVNDƼRMRWWRDU1RPQLHNX
-D$XWRPDãƯQDV1RPDVPDNVDLVDVNDƼƗDU/ƯJXPDSXQNWDQRWHLNXPLHPWLHNSLHPƝURWV
GLQDPLVNƗVFHQDVSULQFLSVQRPDVPDNVDVDSPƝUDVDPD]LQƗMXPVMDQRPDVWHUPLƼDDSPƝUVLUYLHQƗGVYDL
OLHOƗNVNƗ/ƯJXPDSXQNWƗQRWHLNWDLVQRPDVWHUPLƼãYDL1RPDVPDNVDVDSPƝUDSDOLHOLQƗMXPVMD
QRPDVWHUPLƼãLUPD]ƗNVNƗ/ƯJXPDSXQNWƗQRWHLNWDLVQRPDVWHUPLƼãWDGJDGƯMXPƗMD1RPQLHNV
QRGRG$XWRPDãƯQXSLUPV/ƯJXPDSXQNWƗQRWHLNWƗ$XWRPDãƯQDVQRPDVWHUPLƼDWDG1RPQLHNVVHG]
,]QRPƗWƗMDP]DXGƝMXPXVNXUXDSPƝUVLUYLHQOƯG]ƯJVDU1RPDVPDNVDVVXPPXSDUDWOLNXãR$XWRPDãƯQDV
QRPDVWHUPLƼX
-HENXUDQR/ƯJXPƗQRWHLNWƗPDNVƗMXPDNDYƝMXPDJDGƯMXPƗ1RPQLHNDWXUSPƗNƗVLHPDNVDVWLHN
LHVNDLWƯWDVãƗGƗVHFƯEƗ
OƯJXPVRGV
FLWL/ƯJXPDPDNVƗMXPL

/Ʈ'=Ɯ-8$7%,/'Ʈ%$
/ƯG]ƝMLDWOƯG]LQDYLHQVRWUDP]DXGƝMXPXVNDVRWUDLSXVHLQRGDUƯWLYLƼXƺDXQSUƗWƯEDVYDLUXSMDV
QHX]PDQƯEDVGƝƺ
/ƯG]ƝMVYDUYLHQSXVƝMLDWNƗSWLHVQR/ƯJXPDSDUWRUDNVWLVNLEUƯGLQRWRWUX/ƯG]ƝMXYLVPD]GLYDV
GLHQDVLHSULHNã
3DUNDWUX1RPDVPDNVDVVDPDNVDVNDYƝMXPX,]QRPƗWƗMDP1RPQLHNVPDNVƗOƯJXPVRGXQXOOH
NRPDWVGLYLDSPƝUƗQRNDYƝWƗPDNVƗMXPDVXPPDVSDUNDWUXQRNDYƝWRGLHQX

,=120Ɩ7Ɩ-6 NOMNIEKS
Lapa 4. no 7
1RPQLHNVDSƼHPDVDWOƯG]LQƗWYLVXVDUPDNVƗMXPXNDYƝMXPDDGPLQLVWUƝãDQXXQSDUƗGXSLHG]LƼX
VDLVWƯWRVL]GHYXPXV
1RPQLHNVLUWLHVƯJVOLHWRW$XWRPDãƯQXãƯOƯJXPDDSDNãSXQNWƗSDUHG]ƝWDMƗWHUPLƼƗLHYƝURMRW
/ƯJXPD3LHOLNXPƗ1UQRWHLNWR$XWRPDãƯQDVQREUDXNXPDLHUREHåRMXPX3ƗUVQLHG]RWQRWHLNWR
QREUDXNXPDLHUREHåRMXPX1RPQLHNVPDNVƗ,]QRPƗWƗMDPSDSLOGXVQRPDVPDNVX/9/QXOOHNRPDWV
GLYSDGVPLWVDQWƯPXDSPƝUƗSDUNDWUXSƗUVQLHJWRNLORPHWUX*DGƯMXPƗMD/ƯJXPVWLHNSƗUWUDXNWVSLUPV
WHUPLƼDQREUDXNXPDLHUREHåRMXPVSURSRUFLRQƗOLWLHNVDPD]LQƗWVSDU/ƯJXPD3LHOLNXPƗ1USDUHG]ƝWR
$XWRPDãƯQDVLNPƝQHãDQREUDXNXPDOLPLWX
1RPQLHNDPLUSLHQƗNXPVDWELOVWRãL/ƯJXPƗQRWHLNWDMDLNƗUWƯEDLDSPDNVƗW
1RPQLHNDNƗIL]LVNDVSHUVRQDVYDL1RPQLHNDNƗMXULGLVNDVSHUVRQDVSƗUVWƗYMDYDL1RPQLHND
SLOQYDURWƗVWUHãƗVSHUVRQDVFHƺXVDWLNVPHVQRWHLNXPXSƗUNƗSXPXUH]XOWƗWƗ,]QRPƗWƗMDPSLHPƝURWRV
DGPLQLVWUDWƯYRVVRGXV
OƯJXPVRGXSDUQR]DXGƝWLHP$XWRPDãƯQDVGRNXPHQWLHP/9/VHãGHVPLWODWLXQQXOOHVDQWƯPX
DSPƝUƗ
OƯJXPVRGXSDULQIRUPƗFLMDVSDUFHƺXVDWLNVPHVQHJDGƯMXPXQHVQLHJãDQX,]QRPƗWƗMDPãDMƗQRPDV
OƯJXPƗQRWHLNWDMƗWHUPLƼƗ/9/SLHFLVLPWLODWLXQQXOOHVDQWƯPXDSPƝUƗ
OƯJXPVRGXSDUQR]DXGƝWƗP$XWRPDãƯQDVDWVOƝJƗPXQYDLVLJQDOL]ƗFLMDVSXOWLDWVOƝJXXQYDL
VLJQDOL]ƗFLMDVSXOWVDWMDXQRãDQDVL]PDNVXDSPƝUƗ
VDVNDƼƗDU/ƯJXPDQRWHLNXPLHPDSUƝƷLQƗWRV,]QRPƗWƗMDPUDGƯWRV]DXGƝMXPXV
GHJYLHODVL]GHYXPXVDWELOVWRãL$XWRPDãƯQDVSLHƼHPãDQDVQRGRãDQDVDNWƗQRUƗGƯWDMDLOLNPHL
JDGƯMXPƗMD1RPQLHNVQRGRG$XWRPDãƯQX,]QRPƗWƗMDPDUPD]ƗNXGHJYLHODVGDXG]XPXQHNƗEUƯGƯNDG
$XWRPDãƯQDWLNDQRGRWD1RPQLHNDP

/ƯJXPVRGDVDPDNVDQHDWEUƯYR1RPQLHNXXQYDL,]QRPƗWƗMXQRSLHQƗNXPDL]SLOGƯWFLWDV/ƯJXPD
VDLVWƯEDV
/ƯG]ƝMVWLHNDWEUƯYRWVQRDWELOGƯEDVSDUSLOQƯJXYDLGDƺƝMX/ƯJXPƗSDUHG]ƝWRVDLVWƯEXQHL]SLOGLMDãƗGD
QHL]SLOGHLUQRWLNXVLQHSƗUYDUDPDVYDUDV)RUFH0DMHXUHDSVWƗNƺXLHVWƗãDQƗVUH]XOWƗWƗ$UQHSƗUYDUDPDV
YDUDVDSVWƗNƺLHPVDSURWDPLQRWHLNXPLNXUXV/ƯG]ƝMVQHYDUƝMDXQWDPQHYDMDG]ƝMDWRVSDUHG]ƝWXQQRYƝUVW
3DU/ƯJXPDSXQNWƗPLQƝWRQHSƗUYDUDPDVYDUDVDSVWƗNƺXLHVWƗãDQRV/ƯG]ƝMVNXUãX]WLHP
DWVDXFDVQHNDYƝMRWLHVUDNVWLVNLSD]LƼRRWUDP/ƯG]ƝMDPSLHYLHQRMRWSLHUƗGƯMXPXVNDVDSOLHFLQDãƗGX
DSVWƗNƺXLHVWƗãDQRV

/Ʈ*80$'$5%Ʈ%$67(50,ƻâ
âLV/ƯJXPVVWƗMDVVSƝNƗDUWƗSDUDNVWƯãDQDVEUƯGLXQLUVSƝNƗOƯG]GLHQDLNDG
,]QRPƗWƗMVSLHƼHP$XWRPDãƯQDVWXUƝMXPXQR1RPQLHNDSƝFYLVX/ƯJXPDPDNVƗMXPXYHLNãDQDV
/ƯJXPDGDUEƯEDVWHUPLƼãYDL
ãƯ/ƯJXPDGDUEƯEDWLHNL]EHLJWDVDVNDƼƗDUNƗGXQRãƯ/ƯJXPDQRWHLNXPLHPWDLVNDLWƗSXQNWD
QRWHLNXPLHP

1(/$,0(6*$'Ʈ-80,81=Ɩ'=Ʈ%$6
1RPQLHNDPLUSLHQƗNXPVSƝFFHƺXVDWLNVPHVQHJDGƯMXPDNXUƗLHVDLVWƯWD$XWRPDãƯQDYHLNWYLVXV
LHVSƝMDPRVSDVƗNXPXVODLDL]VDUJƗWX,]QRPƗWƗMDLQWHUHVHVXQSƝFLHVSƝMDVVDPD]LQƗWX,]QRPƗWƗMDP
UDGXãRV]DXGƝMXPXVWDMƗVNDLWƗ
QHNDYƝMRWLHVSD]LƼRWSROLFLMDLYDLFLWDLDWWLHFƯJƗVYDOVWVWLHVƯEDL]VDUG]ƯEDVLHVWƗGHLYDLDL]SLOGƯW
VDVNDƼRWRSD]LƼRMXPXMDWRSDUHG]WƗVYDOVWVQRUPDWƯYLHDNWLNXUƗQRWLFLVFHƺXVDWLNVPHVQHJDGƯMXPVNƗ
DUƯQHNDYƝMRWLHV]LƼRW,]QRPƗWƗMDPSDUQRWLNXãRFHƺXVDWLNVPHVQHJDGƯMXPXXQQHDWVWƗWFHƺXVDWLNVPHV
QHJDGƯMXPDYLHWXOƯG]EUƯGLPNDPƝUSROLFLMDXQYDL,]QRPƗWƗMVQDYGHYLVDWƺDXMXWRGDUƯW
ILNVƝWFHƺXVDWLNVPHVQHJDGƯMXPƗLHVDLVWƯWƗVSHUVRQDVYƗUGVX]YƗUGVDGUHVHXQYDL
WUDQVSRUWOƯG]HNƺXVYDOVWVUHƧLVWUƗFLMDVQXPXUVWRYDGƯWƗMXVYƗUGVX]YƗUGVDGUHVHNƗDUƯFHƺXVDWLNVPHV
QHJDGƯMXPDDFXOLHFLQLHNXVYƗUGVX]YƗUGVDGUHVH
QHX]ƼHPWLHVYDLQXXQDWELOGƯEXSDUFHƺXVDWLNVPHVQHJDGƯMXPX
QHDWVWƗW$XWRPDãƯQXFHƺXVDWLNVPHVQHJDGƯMXPDYLHWƗLHVSƝMXUREHåƗVVDJODEƗWWRXQQRYƝUVW
WXUSPƗNX$XWRPDãƯQDVERMƗMXPXUDãDQRV
QHYƝOƗNNƗQƗNDPDMƗGDUEDGLHQƗSƝFFHƺXVDWLNVPHVQHJDGƯMXPDVQLHJW,]QRPƗWƗMDPYLVX
1RPQLHNDUƯFƯEƗHVRãRLQIRUPƗFLMXSDUQRWLNXãRFHƺXVDWLNVPHVQHJDGƯMXPX

3DUMHENXUX$XWRPDãƯQDVERMƗMXPX]ƗG]ƯEXQHNDYƝMRWLHVMƗLQIRUPƝ,]QRPƗWƗMV

,=120Ɩ7Ɩ-6 NOMNIEKS
Lapa 5. no 7
$XWRPDãƯQDVWHKQLVNDERMƗMXPD]ƗG]ƯEDVYDLDYƗULMDVJDGƯMXPƗ1RPQLHNVQHNDYƝMRWLHV]LƼRSROLFLMDL
NƗDUƯLQIRUPƝSDUQRWLNXãR,]QRPƗWƗMX
1RPQLHNDPLUSLHQƗNXPVODLNƗNDPƝU$XWRPDãƯQDDWURGDVSLH1RPQLHNDEHWQHWLHNOLHWRWDYHLNW
YLVXVQHSLHFLHãDPRVXQLHVSƝMDPRVGURãƯEDVSDVƗNXPXV$XWRPDãƯQDVDL]VDUG]ƯEDLWDMƗVNDLWƗ
DL]VOƝJW$XWRPDãƯQX
DNWLYL]ƝW$XWRPDãƯQDVVLJQDOL]ƗFLMXXQFLWDV$XWRPDãƯQDVHOHNWURQLVNƗVXQYDLPHKƗQLVNƗVGURãƯEDV
VLVWƝPDV
/DLNƗQR$XWRPDãƯQDVQRGRãDQDV1RPQLHNDPEUƯGLPOƯG]$XWRPDãƯQDVQRGRãDQDV,]QRPƗWƗMDP
EUƯGLP,]QRPƗWƗMVQDYDWELOGƯJVSDU$XWRPDãƯQDVNƗSDDXJVWLQƗWDVEƯVWDPƯEDVDYRWDUDGƯWDMLHP
]DXGƝMXPLHP1RPQLHNDPYDLWUHãDMƗPSHUVRQƗPNƗDUƯQDYDWELOGƯJVSDU$XWRPDãƯQƗHVRãDMƗP
1RPQLHNDYDLWUHãRSHUVRQXPDWHULƗODMƗPYƝUWƯEƗP$WELOGƯEDSDU$XWRPDãƯQDVWƗVUDGƯWDMLHP
]DXGƝMXPLHPWUHãDMƗPSHUVRQƗPXQWRPDWHULƗODMƗPYƝUWƯEƗPVDVNDƼƗDUãƯQRPDVOƯJXPDQRWHLNXPLHP
SLOQƯEƗJXOVWDVX]1RPQLHNXNƗ$XWRPDãƯQDVWXUƝWƗMX
-HENXUXV$XWRPDãƯQDV.$6.2XQ2&7$DSGURãLQƗãDQDVSROLVƝVSDUHG]ƝWRVSDãULVNXVPDNVƗMXPXV
1RPQLHNVPDNVƗ,]QRPƗWƗMDPDWELOVWRãLVDƼHPWDMLHPUƝƷLQLHPXQDSGURãLQƗãDQDVQRWHLNXPLHPDUNXULHP
,]QRPƗWƗMVLULHSD]ƯVWLQƗMLV1RPQLHNXSLUPV/ƯJXPDSXQNWƗPLQƝWƗ$XWRPDãƯQDVSLHƼHPãDQDV
QRGRãDQDVDNWDSDUDNVWƯãDQDVEUƯåDXQDSUƝƷLQLHP

9. CITI NOTEIKUMI
/ƯJXPVSDUDNVWƯWV5ƯJƗXQSLOQƯJLDSVWLSULQD/ƯG]ƝMXYLHQRãDQRV/ƯG]ƝMLãR/ƯJXPXLUL]ODVƯMXãLXQ
/ƯJXPDVDWXUV/ƯG]ƝMLHPLUVNDLGUVXQVDSURWDPVNƗDUƯ/ƯG]ƝMLDS]LQƗVDUãR/ƯJXPXX]ƼHPWRVDLVWƯEX
VHNDVâLV/ƯJXPVSDUDNVWƯWVL]VDNRWEUƯYLUDGXãRVJULEXEH]YLOWXVPDOGLHPXQVSDLGLHPX]VDYVWDUSƝML
L]GHYƯJLHPQRWHLNXPLHP1RPQLHNDPLUWLNXVLGRWDLHVSƝMDL]WHLNWVDYXVLHELOGXPXVXQYƝODPRVJUR]ƯMXPXV
NDVJDGƯMXPƗMD/ƯG]ƝMLSDUWƗGLHPYLHQRMXãLHVWLHNSLHYLHQRWLãLP/ƯJXPDPDWVHYLãƷDGRNXPHQWDYHLGƗ
NDVLU/ƯJXPDSLHOLNXPVXQWƗQHDWƼHPDPDVDVWƗYGDƺD

9LVDVWLHVLVNƗVDWWLHFƯEDVVWDUS/ƯG]ƝMLHPNDVQDYDWUXQƗWDV/ƯJXPƗULVLQƗPDVVDVNDƼƗDU/DWYLMDV
5HSXEOLNDVWLHVƯEXDNWXQRWHLNXPLHP9LVLVWUƯGLVWDUS/ƯG]ƝMLHPULVLQƗPLVDUXQXFHƺƗ-DVDUXQXFHƺƗ
/ƯG]ƝMLHPVWUƯGXDWULVLQƗWQDYLHVSƝMDPVVWUƯGVSƝFSUDVƯWƗMDL]YƝOHVVDVNDƼƗDU/DWYLMDV5HSXEOLNDVWLHVƯEX
DNWXQRWHLNXPLHPWLHNL]ãƷLUWV/DWYLMDV5HSXEOLNDVWLHVXLQVWDQFƝV
3DUDNVWRWãR/ƯJXPX1RPQLHNVDSOLHFLQDNDSLHNUƯW/ƯJXPƗQRUƗGƯWR1RPQLHNDNƗIL]LVNDVSHUVRQDV
XQ1RPQLHNDNƗMXULGLVNDVSHUVRQDVSƗUVWƗYMXNƗDUƯ1RPQLHNDSLOQYDURWRWUHãRSHUVRQXSHUVRQDVGDWX
X]JODEƗãDQDLDSVWUƗGHLXQL]SODWƯãDQDLQR,]QRPƗWƗMDSXVHVVDVNDƼƗDU/DWYLMDV5HSXEOLNDVWLHVƯEXDNWX
QRWHLNXPLHP1RPQLHNDPLUSLHQƗNXPVLQIRUPƝWVDYXVSƗUVWƗYMXVXQYDLSLOQYDURWƗVWUHãƗVSHUVRQDVSDU
LHSULHNãPLQƝWRGDWXX]JODEƗãDQXDSVWUƗGLXQL]SODWƯãDQXQR,]QRPƗWƗMDSXVHVVDVNDƼƗDU/DWYLMDV
5HSXEOLNDVWLHVƯEXDNWXQRWHLNXPLHPNƗDUƯQRGURãLQƗWãRSHUVRQXDNFHSWXPLQƝWDMƗPGDUEƯEƗP3DUDNVWRW
/ƯJXPX1RPQLHNVDSOLHFLQDDUƯYƝOPLQR,]QRPƗWƗMDVDƼHPWMHENƗGDVDWXUDUHNOƗPDVLQIRUPƗFLMX

.ƗGDL/ƯJXPDQRUPDLNƺnjVWRWSUHWWLHVLVNDLYDLQHGHUƯJDLFLWDV/ƯJXPDQRUPDVVDJODEƗVDYXVSƝNX
,]QRPƗWƗMDPLUWLHVƯEDVãƗGDVQRUPDVQRPDLQƯWDUGHUƯJƗPSDUWRSD]LƼRMRW1RPQLHNDP*DGƯMXPƗMD
1RPQLHNVQHSLHNUƯWSLHGƗYƗWDMDLUHGDNFLMDL1RPQLHNDPVHSWLƼXGLHQXODLNƗMƗGRGVDYLSULHNãOLNXPL
SUHWƝMƗJDGƯMXPƗUHGDNFLMDVWƗMDVVSƝNƗ
9LVLSD]LƼRMXPLVWDUS/ƯG]ƝMLHPWLHNQRIRUPƝWLUDNVWYHLGƗXQQRVnjWƯWLSƝF/ƯJXPƗQRUƗGƯWDMƗP/ƯG]ƝMX
DGUHVƝPYDLDGUHVHVNXUXYƝOƗNSD]LƼRMLVYLHQVQR/ƯG]ƝMLHPRWUDP/ƯG]ƝMDP$WWLHFƯJDLVSD]LƼRMXPVWLHN
X]VNDWƯWVSDUVDƼHPWXWUHãDMƗGLHQƗSƝFWƗQRGRãDQDVSDVWDLHVWƗGƝQRVnjWƯãDQDLX]/ƯJXPƗQRUƗGƯWR
1RPQLHNDDGUHVLNRDSOLHFLQDSDVWDLHVWƗGHV]ƯPRJV3D]LƼRMXPLYDUWLNWYHLNWLDUYƝVWXOHVWHOHIDNVD
IDNVDHOHNWURQLVNƗSDVWDSDOƯG]ƯEXMD/ƯJXPƗQDYQRWHLNWVFLWƗGL7LNDL,]QRPƗWƗMDPLUWLHVƯEDVWRVYHLNWDU
PDVXPƝGLMXVWDUSQLHFƯEXSXEOLFƝMRW
*UR]ƯMXPXXQSDSLOGLQƗMXPXL]GDUƯãDQD/ƯJXPƗLUSLHƺDXMDPDYLHQƯJLDELHP/ƯG]ƝMLHPSDUWRUDNVWYHLGƗ
YLHQRMRWLHV
/ƯJXPVLUVDLVWRãVNƗ,]QRPƗWƗMDWƗ1RPQLHNDWLHVƯEXXQVDLVWƯEXSƗUƼƝPƝMLHP
9LVL,]QRPƗWƗMD1RPQLHNDPL]UDNVWƯWLUƝƷLQLWLHNVDJDWDYRWLHOHNWURQLVNƗIRUPƗXQLUVDLVWRãL
1RPQLHNDPEH],]QRPƗWƗMDSDUDNVWD

,=120Ɩ7Ɩ-6 NOMNIEKS
Lapa 6. no 7
3DUDNVWRW/ƯJXPX1RPQLHNVSLHNUƯWNDWƗGDWLWDMƗVNDLWƗSHUVRQDVGDWLXQLGHQWLILNƗFLMDVNRGLYDUWLNW
DSVWUƗGƗWLODLWRVWDUSEHWQHDSUREHåRMRWLHVDUSLUPV/ƯJXPDQRVOƝJãDQDVYDLOƯJXPDGDUEƯEDVODLNƗ
SƗUEDXGƯWXLQIRUPƗFLMXSDU1RPQLHNDPDNVƗWVSƝMXXQNUHGƯWYƝVWXULVQLHJWXSDNDOSRMXPXYHLNWX
PDNVƗMXPXX]VNDLWLSDUƗGVDLVWƯEXDGPLQLVWUƝãDQXWVNQRGRãDQXWUHãDMƗPSHUVRQƗP

/ƯJXPVSDUDNVWƯWVGLYRVHNVHPSOƗURVDELHPHNVHPSOƗULHPLUYLHQƗGVMXULGLVNVVSƝNV

/Ʈ'=Ɯ-85(.9,=Ʈ7,

,=120Ɩ7Ɩ-6 NOMNIEKS
6725(176,$ BBBBBBBBBBBB
5HƧ1U 5HƧ1UBBBBBBBBBBBB
-XUDGUHVH.DƷDVƝNƺDGDPELV5ƯJD -XUDGUHVH
/9/DWYLMD BBBBBBBBBBBBBBBBBBBBBBBBB
%DQND6ZHGEDQN$6 %DQNDBBBBBBBBBBBB
.RQWV/9+$%$ .RQWVBBBBBBBBBBBB

/Ʈ'=Ɯ-83$5$.67,
,=120Ɩ7Ɩ-6 NOMNIEKS

Ivanauskas Vitautas ____________

Lapa 7. no 7