=8@>20==K5 AB5:;0 2=5 70:>=0"> =8@>20==K5 AB5:;0 2=5 70:>=0">
#AB0=>2>G=K9 F5=B@ @3>2B>

N;LA:85 ?>?@02:8 2 ?5@5G5=L 04<8=8AB@0B82=KE ?@02>=0@CH5=89 >45:A0 >AA89A:>9 $545@0F88 70AB028;8 <=>38E 02B><>18;8AB>2 ?>2=8<0B5;L=59 >B=>A8BAO : 2=5H=553> B@0=A?>@B=>3> A@54AB20. 24 8N;O ?@57845=B AB@0=K <8B@89 5425452 >4>1@8; =>2K9 70:>=>?@>5:B, :>B>@K9 ?@54CA<0B@8205B 2=5A5=8O 87<5=5=89 2 >45:A >AA89A:>9 $545@0F88 >1 04<8=8AB@0B82=KE ?@02>=0@CH5=8OE. 0 MB>B @07 @O4 87<5=5=89 :>A=C;AO ?@>F5AAC0;L=KE =>@< 12 3;02K A>15==>9 G0AB8 >45:A0, 0 8<5==> 1K;8 2=5A5=K 87<5=5=8O 2 AB0BLN 2.61 (2B>@0O G0ABL) ?@> 04<8=8AB@0B82=CN >B25BAB25==>ABL 2;045;LF52 (A>1AB25==8:>2) B@0=A?>@B=KE A@54AB2, 2 AB0BLN >1 C?@02;5=88 B@0=A?>@B=K< A@54AB2>< A =0@CH5=85< ?@028; CAB0=>2:8 =0 =5< 3>AC40@AB25==KE @538AB@0F8>==KE 7=0:>2 (12.2, G0AB8 1 8 2) 8 AB0BLN 4.1 (31 G0ABL) >1 >1I8E ?@028;0E =07=0G5=8O 04<8=8AB@0B82=>3> =0:070=8O.

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

AB0BL5, @53;0<5=B8@CNI59 =0@CH5=8O, A2O70==K5 A =5?@028;L=K< @0A?>;>65=85< B@0=A?>@B0 =0 ?@>57659 G0AB8 4>@>38, 2AB@5G=>< @07J5745 8;8 >13>=>< (12.15), B0:65 1K;8 >ACI5AB2;5=K =5:>B>@K5 CB>G=5=8O. G0AB=>AB8, 2 4 G0AB8 MB>9 AB0BL8 A0=:F8O ;8H5=8O ?@020 C?@02;OBL B@0=A?>@B=K< A@54AB2>< =0 A@>: >B 4 4> ?>;C3>40 4>?>;=5=0 0;LB5@=0B82>9. ;045;5F B@0=A?>@B=>3> A@54AB20 <>65B ?>=5AB8 =0:070=85 2 4@C3>< 2845 70?;0B8BL 04<8=8AB@0B82=K9 HB@0D =0 AC<

?@5AA-A;C615 @5<;O ?>4G5@:=C;8 B0:65, GB> 40==K9 70:>= 8=8F88@>20;0 >A:>2A:0O >1;0AB=0O C<0 A F5;LN CA8;8BL 04<8=8AB@0B82=CN >B25BAB25==>ABL 70 =0@CH5=85 .

 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

 


@>4060 8 CAB0=>2:0 02B>A83=0;870F88, 8<<>18;0975@>2, ?0@:B@>=8:>2, 0C48>, 2845> A8AB5<, 0:A5AAC0@>2 8 4@C3>3> 4>?>;=8B5;L=>3> >1>@C4>20=8O 4;O 02B>. 0B0;>3 B>20@>2. &5=K =0 CAB0=>2:C.