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= DRCI F_FJC ALM V_V]CADRCI F_FJC ALM V_V]CA 55 3
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L_N^OM ALM V]C@A R@^] DRCI L_N^OM ALM V]C@A R@^] DRCI F_FJC
F_FJC
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5 FJDVCM F_FJC ALM V_V]CAFJDVCM F_FJC ALM V_V]CA ?? 8
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O} ov ov xcjj gidxi xcjj gidxi }l`} a`i }l`} a`i l`m `jx`yv l`m `jx`yv ncci ncci }~yo}~yoih ih }d}d eo
eoim im vdvdacac}l}loioih h icicx x }d }d `f`flolocucuc c ` ` icicx x `o`oav av <2<2# # de de }d}d}`}`jj cjcf}~ofo}y
cjcf}~ofo}y r~dmsfcm r~dmsfcm oi oi }lc }lc xd~jm xd~jm ov ov lym~`v lym~`v xlojc xlojc ~ca`oioih ~ca`oioih >2#>2# ov
ov r~dr~dmsfcm msfcm e~da e~da isfjc`isfjc`~* ~* }lc~a}lc~a`j* `j* vdj`~* vdj`~* Hcd}lcHcd}lc~a`j ~a`j cic~hycic~hy `im e~
`im e~da a`hic}d da a`hic}d lym~d lym~d myi`aof myi`aof rdxc~ hcic~`}odi)rdxc~ hcic~`}odi) ALM r
ALM rdxc~ hcdxc~ hcic~`ic~`}od}odi i ov ` icx vyvov ` icx vyv}ca de cj}ca de cjcf}cf}~of~of rdxc~ hcic~`}odi xlofl ov v`om }d nc de lohl ceeofocify `im jdx rdxc~ hcic~`}odi xlofl ov v`om }d nc de lohl ceeofocify `im jdx rdjjs}odi) Oi `mu`ifcm fdsi}~ocv ALM hcic~`}d~ `~c xomcjy svcm rdjjs}odi) Oi `mu`ifcm fdsi}~ocv ALM hcic~`}d~ `~c xomcjy svcm ns
ns} } oi oi mcmcucucjdjdroroih ih fdfdsisi}~}~ococv v jojoggc c OiOimomo` ` o} o} ov ov v}v}ojojj j sisimcmc~~ fdiv}~sf}odi) ]lov fdiv}~sf}odi xd~g ov oi r~dh~cvv `} fdiv}~sf}odi) ]lov fdiv}~sf}odi xd~g ov oi r~dh~cvv `} ]o~sflo~`r`jjo
]o~sflo~`r`jjo oi oi ]]`aoji`ms `aoji`ms simc~ simc~ kdoi} kdoi} ceed~}v ceed~}v de de N@ N@ ^F^F ,Nl
,Nl`nl`nl` ` @}@}daodaof f ^^cvc`cvc`~f~fl l Fci}Fci}~c/ ~c/ * * NLCNLCJ* J* @vv@vvdfodfo`}c`}cmm fcaci}
fcaci} fd~rd~`}odi fd~rd~`}odi `im `im ^svv^svvo`i o`i }cflidjdhov}v)}cflidjdhov}v)
@v o}v i`ac oarjocv* a`hic}d!lym~d!myi`aof ,ALM/ @v o}v i`ac oarjocv* a`hic}d!lym~d!myi`aof ,ALM/ ov
ov fdifdifc~fc~icm icm xo}xo}l l }lc }lc ejdejdx x de de fdifdimsfmsf}oi}oih h ejsejsom om oioi r~cvcifc
r~cvcifc de de a`hic}of a`hic}of `im `im cjcf}~of cjcf}~of eocjm) eocjm) ]lov ]lov ejsom ejsom a`y a`y nc nc h`vh`v `} cjcu`}cm }carc~`}s~c d~ jopsom ac}`j jogc vdmosa d~ rd}`vvosa) `} cjcu`}cm }carc~`}s~c d~ jopsom ac}`j jogc vdmosa d~ rd}`vvosa) @
@ ALM ALM hcic~`}hcic~`}d~ d~ ov ov ` ` mcuofmcuofc c ed~ ed~ fdiuc~fdiuc~}oih }oih lc`} lc`} cic~hcic~hy y de de escjescj mo~
mo~cf}cf}jy jy oi}oi}d d cjccjcf}~f}~of of cic~cic~hy hy xo}xo}lds} lds} ` ` fdifdiuci}uci}odiodi`j `j cjcfcjcf}~o}~off hcic~`}d~) ]lc n`vof moeec~cifc nc}xcci fdiuci}odi`j hcic~`}d~ hcic~`}d~) ]lc n`vof moeec~cifc nc}xcci fdiuci}odi`j hcic~`}d~ `im ALM hcic~`}d~
`im ALM hcic~`}d~ ov oi }lc i`ov oi }lc i`}s~c de fdimsf}d~}s~c de fdimsf}d~))
> >
R^OIFORJC DE ALM RDXC^ HCIC^@]ODI
R^OIFORJC DE ALM RDXC^ HCIC^@]ODI
]lc r~oiforjc de ALM hcic~`}odi ov voarjc* movfduc~cm ny e`~`m`y ]lc r~oiforjc de ALM hcic~`}odi ov voarjc* movfduc~cm ny e`~`m`y xlci `i cjcf}~of fdimsf}d~ aducv `f~dvv ` a`hic}of eocjm* ` cae) xlci `i cjcf}~of fdimsf}d~ aducv `f~dvv ` a`hic}of eocjm* ` cae) Ov oims
Ov oimsfcm oi o}* xloffcm oi o}* xlofl l r~r~dmsdmsfcm `i cjcf}fcm `i cjcf}~of fs~~of fs~~ci~ci}) }) ]lo]lov ov v ov }lc}lc r~
r~oioifoforjrjc dc de e }l}lc fc fdidiucuci}i}ododi`i`j hj hcicic~c~`}`}d~ d~ `j`jvdvd* x* xlclc~c ~c }l}lcc fdimsf}d~v fdivov}v de fdrrc~ v}~orv) Oi ALM hcic~`}d~ }lc vdjom fdimsf}d~v fdivov}v de fdrrc~ v}~orv) Oi ALM hcic~`}d~ }lc vdjom fdimsf
fdimsf}d~v }d~v `~c `~c ~cr~crj`fcm j`fcm ny ` ny ` h`vcdsh`vcdsv fdv fdimsf}dimsf}d~7 o~7 o)c) `)c) `i i odio{cmodio{cm h`v) Oe vsfl h`v ov r`vvcm `} lohl ucjdfo}y }l~dshl ` rdxc~esj h`v) Oe vsfl h`v ov r`vvcm `} lohl ucjdfo}y }l~dshl ` rdxc~esj a`hic}
a`hic}of eof eocjm ocjm o)c) o)c) vsrrdvsrrdvc xvc xc l`uc l`uc c ` f` fl`~hcl`~hcm rm r`~}of`~}ofjc ,jc ,l`uoihl`uoih fl
fl`~`~hc hc p/ p/ adaduouoih ih `} `} ` ` lolohl hl ucucjdjdfofo}y }y “U“U‟ ‟ }d}dx`x`~m~mv v ~o~ohlhl} } `i`im m `` rc~rci
rc~rcimofsjmofsj`~ `~ a`hic}a`hic}of of eocjm eocjm ov ov `rrjo`rrjocm) cm) @ @ a`hic}a`hic}of of ed~fed~fc c “E‟“E‟ `f}v
`f}v di }di }lc fllc fl`~hcm `~hcm r`~}or`~}ofjc) fjc) Vldx Vldx oi eooi eoh) h) @ R@ Rdvo}odvo}oucjy fucjy fl`~hcl`~hcmm r`
r`~}~}ofofjcjcv v `v `v eded~f~fcm cm srsrx`~x`~m m `im `im ichich`}`}ououcjcjy y flfl`~`~hchcm m r`r`~}~}ofofjc jc ovov ed~fcm mdxix`~m) ]lc rdvo}ouc odiv xdsjm nc `ffcjc~`}cm }dx`~mv ed~fcm mdxix`~m) ]lc rdvo}ouc odiv xdsjm nc `ffcjc~`}cm }dx`~mv }}lc lc ssrrrrc~ c~ rjrj`}`}c c R* R* `i`im m icichh`}`}ououc c oodidiv v xdxdsjsjm m nc nc `f`fffcjcjc~c~`}`}cmcm }dx`~mv
}dx`~mv }lc }lc rj`}c rj`}c R>) R>) Oe Oe }lc }lc R0 R0 `im `im R> R> `~c `~c c|}c~i`jjy c|}c~i`jjy fdiicf}cmfdiicf}cm }l
}l~d~dshshl l ` ` ~c~cvovov}v}`i`ifcfc* * ` ` fsfs~~~~cici} } xdxdsjsjm m ejejdx dx }l}l~d~dshshl l }l}lcc ~cvov}`ifc) ]lsv h`v cic~hy mo~cf}jy fdiuc~}cm oi}d ~cvov}`ifc) ]lsv h`v cic~hy mo~cf}jy fdiuc~}cm oi}d cjcf}
cjcf}~of`j cic~h~of`j cic~hyy) ) ]lov ov }lc r~oifor]lov ov }lc r~oiforjc de ALM hcic~`}d~jc de ALM hcic~`}d~) @ ALM) @ ALM fdiuc~v
fdiuc~vodi odi ov ov gidxi gidxi `v `v mo~mo~cf} cf} cic~hcic~hy y fdiuc~fdiuc~vodi vodi ncf`svncf`svc c o}o} r~d
r~dmsfcm msfcm cjcf}~cjcf}~ofo}ofo}y y mo~mo~cf}jy cf}jy e~da e~da lc`} lc`} vds~fvds~fc c xo}ldsxo}lds} } }lc}lc icf
icfcvvcvvo}y o}y de de }lc }lc `mm`mmo}oo}odi`j di`j v}`v}`hc dhc de v}e v}c`a hc`a hcic~cic~`}o`}odi `v di `v oi `oi ` v}c`a rdxc~ rj`i})
v}c`a rdxc~ rj`i})
6 6
ALM V_V]CA
ALM V_V]CA
]lc~c `~c }xd }yrcv de ALM Vyv}ca ]lc~c `~c }xd }yrcv de ALM Vyv}ca
0)/ Drci fyfjc Vyv}ca 0)/ Drci fyfjc Vyv}ca >)/ Fjdvcm fyfjc Vyv}ca >)/ Fjdvcm fyfjc Vyv}ca
Oi
Oi drci fyfjc drci fyfjc vyv}vyv}ca ca }lc xd~goih ejsom }lc xd~goih ejsom `e}c`e}c~ ~ hcic~`hcic~`}oih cjcf}~of}oih cjcf}~of`j`j cic~hy ov movfl`~hcm }d }lc `}advrlc~c }l~dshl ` v}`fg) Oi ` cic~hy ov movfl`~hcm }d }lc `}advrlc~c }l~dshl ` v}`fg) Oi ` fj
fjdvdvcm cm fyfyfjfjc c vyvyv}v}ca ca }l}lc c xdxd~g~goioih h ejejsosom m ov ov ~c~cfyfyfjfjcm cm }d }d }l}lc c lclc`}`} vds~fcv `im }lsv svcm `h`oi `im `h`oi) ]lc drc~`}odi de ALM vds~fcv `im }lsv svcm `h`oi `im `h`oi) ]lc drc~`}odi de ALM hc
hcicic~`~`}d}d~ ~ momo~c~cf}f}jy jy di di fdfdanansvsv}o}odi di r~r~dmdmsfsf}v }v oi oi `i `i drdrci ci fyfyfjfjcc vyv}ca) Oi drci fyfjc vyv}ca xd~goih ejsom ov `o~) Oi fjdvcm fyfjc vyv}ca) Oi drci fyfjc vyv}ca xd~goih ejsom ov `o~) Oi fjdvcm fyfjc vyv}ca lcjosa d~ `~hdi ov svcm `v }lc xd~goih e
vyv}ca lcjosa d~ `~hdi ov svcm `v }lc xd~goih ejsom)jsom)
= =
3 3
DRCI F_FJC ALM V_V]CA
DRCI F_FJC ALM V_V]CA
@i cjcaci}`~y drci fyfjc ALM vyv}ca ov vldxi oi eoh) ]lc @i cjcaci}`~y drci fyfjc ALM vyv}ca ov vldxi oi eoh) ]lc AL
ALM M hchcicic~`~`}d}d~ ~ ~~cvcvcacanjnjcv cv ` ` ~~dfdfggc} c} cicihohoic ic vsvs~~~~dsdsimimcm cm ny ny `` a`hic} }lc fd`j ov ns~i} }d r~dmsfc ld} h`v) ]lc ld} h`v ov }lci a`hic} }lc fd`j ov ns~i} }d r~dmsfc ld} h`v) ]lc ld} h`v ov }lci vccmcm xo}l ` va`jj `adsi} de `i odio{cm `jg`jo ac}`j ,fcvosa d~ vccmcm xo}l ` va`jj `adsi} de `i odio{cm `jg`jo ac}`j ,fcvosa d~ rd}`vvosa/ }d oif~c`vc }lc cjcf}~of`j fdimsf}ouo}ocv de h`v) ]lc rd}`vvosa/ }d oif~c`vc }lc cjcf}~of`j fdimsf}ouo}ocv de h`v) ]lc h`
h`v v cc|r|r`i`im m }l}l~d~dshshl l }l}lc c hchcicic~`~`}d}d~ ~ vsvs~~~~dsdsimimcm cm ny ny rdrdxcxc~e~esjsj a`hic}) Ms~oih }lc ad}odi de h`v }lc rdvo}ouc `im ich`}ouc odiv a`hic}) Ms~oih }lc ad}odi de h`v }lc rdvo}ouc `im ich`}ouc odiv aduc }d }lc cjcf}~dmcv `im fdiv}o}s}c `i cjcf}~of fs~~ci}) ]lc aduc }d }lc cjcf}~dmcv `im fdiv}o}s}c `i cjcf}~of fs~~ci}) ]lc ~ckcf}cm h`v r`vvcv }l~dshl `i `o~ lc`}c~ ed~ r~clc`}oih }lc oijc} ~ckcf}cm h`v r`vvcv }l~dshl `i `o~ lc`}c~ ed~ r~clc`}oih }lc oijc} `o
`o~~) ) ]l]lc c vcvccm cm a`a`}c}c~o~o`j `j ov ov ~~cfcfduduc~c~cm cm eded~ ~ vsvsffffcvcvvovouc uc svsvc) c) ]l]lcc io}
io}~dh~dhci ci `im `im vsjvsjrldrld~ ~ `~`~c c ~ca~caduoduoih ih ed~ ed~ rdjrdjjs}js}odi odi fdifdi}~}~djjdjjcm cm `im`im }lci h`vvcv `~c movfl`~hcm }d }lc `}advrlc~c) ]lc `nduc fyfjc ov }lci h`vvcv `~c movfl`~hcm }d }lc `}advrlc~c) ]lc `nduc fyfjc ov id} vso}`njc ed~ fdaac~fo`j svc) ]lc c|l`sv} h`vcv de ALM sio} id} vso}`njc ed~ fdaac~fo`j svc) ]lc c|l`sv} h`vcv de ALM sio} `~c v}ojj `} ` vseeofoci}jy ld} }carc~`}s~c o} ov rdvvonjc }d svc ed~ `~c v}ojj `} ` vseeofoci}jy ld} }carc~`}s~c o} ov rdvvonjc }d svc ed~ `mmo}odi`j rdxc~ hcic~`}odi oi ` v}c`a }s~noic `j}c~i`}d~ sio}) `mmo}odi`j rdxc~ hcic~`}odi oi ` v}c`a }s~noic `j}c~i`}d~ sio}) ]lov ov oif~c`vc }lc ceeofocify de r~dfcvv) Vsfl fyfjc ov gidxi `v ]lov ov oif~c`vc }lc ceeofocify de r~dfcvv) Vsfl fyfjc ov gidxi `v lyn~om ALM!v}c`a rj`i} fyfjc) Eohs~c vldxv lyn~om ALM v}c`a lyn~om ALM!v}c`a rj`i} fyfjc) Eohs~c vldxv lyn~om ALM v}c`a fy
fyfjfjc* c* fdfd`j `j ov ov r~r~dfdfcvcvvcvcm m `i`im m nsns~i~i} } oi oi }l}lc c fdfdanansvsv}d}d~ ~ `} `} lolohlhl }}cacarrcc~~`}`}ss~~c c ,,>>88332 2 }}d d 6622222 2 ²²GG/ / ``iim m rr~~ccvvvvss~~c c ,,8 8 }}d d 003 3 ``}} `}advrlc~c/ xo}l r~clc`}cm `o~ }d ed~a }lc rj`va`) ]lc rj`va` ov `}advrlc~c/ xo}l r~clc`}cm `o~ }d ed~a }lc rj`va`) ]lc rj`va` ov }}llcci i vvccccmmccm m xxoo}}l l vvaa``jjj j ee~~``ff}}ooddi i ,,00##/ / dde e ``i i ``jjgg``jjo o aacc}}``jj ,rd}`vvosa/ oi}~dmsfcm svs`jjy `v ` f`~ndi`}c rdxmc~ d~ vdjs}odi) ,rd}`vvosa/ oi}~dmsfcm svs`jjy `v ` f`~ndi`}c rdxmc~ d~ vdjs}odi)
5 5
8 8
L_N^OM AL
L_N^OM ALM V]C@A
M V]C@A R
R@^
@^] DRCI
] DRCI F_FJC
F_FJC
]lc ~cvsj}oih ao|}s~
]lc ~cvsj}oih ao|}s~c c l`uoih `i l`uoih `i cjcf}~cjcf}~of`jjof`jjy y fdimfdimsf}ouosf}ouo}y }y de de `nds}`nds} 02 dla$a ov c|r`imcm }l~dshl ` id{{jc }d oif~c`vc o}v ucjdfo}y 02 dla$a ov c|r`imcm }l~dshl ` id{{jc }d oif~c`vc o}v ucjdfo}y `im }lci r`vvcm }l~dshl }lc lohl a`hic}of eocjm ,3 }d 8 }cvj`v/ de `im }lci r`vvcm }l~dshl }lc lohl a`hic}of eocjm ,3 }d 8 }cvj`v/ de }lc ALM hcic~`}d~) Cjcf}~dmcv fl`iicj r~duomcm cjcf}~of fdi}`f} }lc ALM hcic~`}d~) Cjcf}~dmcv fl`iicj r~duomcm cjcf}~of fdi}`f} nc}xcci ejdx `im c|}c~i`j jd`m) ]lc rdxc~ d$r ov mf `im o} ov nc}xcci ejdx `im c|}c~i`j jd`m) ]lc rdxc~ d$r ov mf `im o} ov icfcvv`~y }d svc }d fl`ihc
icfcvv`~y }d svc }d fl`ihc o} }d `f nced~c }lc rdxc~ f`i nc o} }d `f nced~c }lc rdxc~ f`i nc ecm }decm }d `i cjcf}~of h~om) ]lc h`v fdaoih ds} de ALM hcic~`}d~ ov v}ojj `i cjcf}~of h~om) ]lc h`v fdaoih ds} de ALM hcic~`}d~ ov v}ojj vs
vseeeeofofococi}i}jy jy ldld} } `i`im m ov ov svsvcm cm }d }d ~`~`ovovc c v}v}c`c`a* a* xlxlofofl l hchcicic~`~`}c}cvv `mmo}odi`j cic~hy oi ` v}c`a oi ` v}c`a }s~noic `j}c~i`}d~ sio}) @ `mmo}odi`j cic~hy oi ` v}c`a oi ` v}c`a }s~noic `j}c~i`}d~ sio}) @ r`~} de }lov v}c`a ov `jvd svcm oi ` v}c`a }s~noic xlofl m~ouc~ ` r`~} de }lov v}c`a ov `jvd svcm oi ` v}c`a }s~noic xlofl m~ouc~ ` fd
fdarar~c~cvvvvd~ d~ eded~ ~ fdfdarar~c~cvvvvoioih h `o`o~ ~ eded~ ~ }l}lc c ALALM M fyfyfjfjc) c) ]l]lc c vcvccmcm a
a`}`}c~c~oo`j `j oov v ~~cfcfduduc~c~cm cm e~e~da da }l}lc c hh`v `v }}lc lc l`l`~a~aesesj j cacaoovvvvoodidivv ,vsjrls~/ `~c `jvd ~caducm e~da h`v nced~c o} ov movfl`~hcm }d ,vsjrls~/ `~c `jvd ~caducm e~da h`v nced~c o} ov movfl`~hcm }d `}advrlc~c }l~dshl ` v}`fg) Ed~ ceeofoci} r~`f}of`j ~c`jo{`}odi ` `}advrlc~c }l~dshl ` v}`fg) Ed~ ceeofoci} r~`f}of`j ~c`jo{`}odi ` ALM vyv}ca asv} l`uc edjjdxoih ec`}s~cv;
ALM vyv}ca asv} l`uc edjjdxoih ec`}s~cv;
0/ @o~ vsrc~lc`}oih `~~`ihcaci} }d lc`} }lc h`v }d `~dsim >322 0/ @o~ vsrc~lc`}oih `~~`ihcaci} }d lc`} }lc h`v }d `~dsim >322 ²F vd }l`} }lc
²F vd }l`} }lc
cjcf}~of`j fdimsf}ouo}y h`v ov oif~c`vcm) cjcf}~of`j fdimsf}ouo}y h`v ov oif~c`vcm)
>/ ]lc fdansv}odi fl`anc~ asv} l`uc jdx lc
>/ ]lc fdansv}odi fl`anc~ asv} l`uc jdx lc`} jdvvcv`} jdvvcv
6/ @ a`i`hcaci} }d `mm ` jdx odio{`}odi rd}ci}o`j vccm a`}c~o`j 6/ @ a`i`hcaci} }d `mm ` jdx odio{`}odi rd}ci}o`j vccm a`}c~o`j }d }lc h`v }d
}d }lc h`v }d
oif~c`vc* o}v fdimsf}ouo}y) oif~c`vc* o}v fdimsf}ouo}y)
=/ @ x`}c~ fddjcm ns} cjcf}~of`jjy oivsj`}oih c|r`imoih msv} xo}l =/ @ x`}c~ fddjcm ns} cjcf}~of`jjy oivsj`}oih c|r`imoih msv} xo}l jdih joec cjcf}~dmcv)
jdih joec cjcf}~dmcv) 3/ @ a`hic}
3/ @ a`hic} f`r`njc de r~dmsfoih f`r`njc de r~dmsfoih lohl a`hic}of ejs| lohl a`hic}of ejs| mcivo}ymcivo}y))
< <
5/ Vccm ~cfduc~y `rr`~`}sv icfcvv`~y ed~ nd}l ciuo~diaci}`j `im 5/ Vccm ~cfduc~y `rr`~`}sv icfcvv`~y ed~ nd}l ciuo~diaci}`j `im cfdidaofv cfdidaofv ~c`vdiv) ~c`vdiv) ? ?
FJDVCM F_FJC ALM V_V]CA
FJDVCM F_FJC ALM V_V]CA
]lc fjdvcm fyfjc oic~} h`v ALM vyv}ca x`v fdifcoucm 0?53) ]lc ]lc fjdvcm fyfjc oic~} h`v ALM vyv}ca x`v fdifcoucm 0?53) ]lc a`oi mov`mu`i}`hcv de }lc drci fyfjc vyv}ca ov uc~y lohl ALM a`oi mov`mu`i}`hcv de }lc drci fyfjc vyv}ca ov uc~y lohl ALM Rdxc~ Hcic~`}odi }carc~`}s~c ~cpso~caci} `im ` uc~y flcaof`jjy Rdxc~ Hcic~`}odi }carc~`}s~c ~cpso~caci} `im ` uc~y flcaof`jjy `f}ouc ejdx fdsjm nc ~caducm* ny fjdvcm fyfjc ALM vyv}ca) @v `f}ouc ejdx fdsjm nc ~caducm* ny fjdvcm fyfjc ALM vyv}ca) @v }lc i`ac vshhcv}v }lc xd~goih ejsom oi fjdvcm fyfjc* ov fo~fsj`}cm }lc i`ac vshhcv}v }lc xd~goih ejsom oi fjdvcm fyfjc* ov fo~fsj`}cm oi `
oi ` fjdvcfjdvcm jddr) ]lc m jddr) ]lc xd~goxd~goih ejsom ov lcjosa d~ ih ejsom ov lcjosa d~ `~hd`~hdi xo}l i xo}l fcvosfcvosaa vccmoih) E
vccmoih) Eohs~c vldx ` fjdvcm fyfjc ohs~c vldx ` fjdvcm fyfjc ALM vyv}ca)ALM vyv}ca)
02 02
]lc fdarjc}c
]lc fdarjc}c vyv}ca l`v vyv}ca l`v }l~cc mov}oif} }l~cc mov}oif} ns} oi}c~jdfgoih ns} oi}c~jdfgoih jddrv) Dijddrv) Di }lc jce} ov }lc c|}c~i`j lc`}oih jddr* fd`j ov h`voeocm `im }lc h`v }lc jce} ov }lc c|}c~i`j lc`}oih jddr* fd`j ov h`voeocm `im }lc h`v l`uoih ` lohl lc`} u`jsc de `nds} 3)63 AK$gh `im }carc~`}s~c de l`uoih ` lohl lc`} u`jsc de `nds} 3)63 AK$gh `im }carc~`}s~c de `nds} 362²F ov ns~i} oi ` fdansv}d~ }d r~dmsfc lc`}) Oi }lc lc`} `nds} 362²F ov ns~i} oi ` fdansv}d~ }d r~dmsfc lc`}) Oi }lc lc`} c|fl`ihc~ L\* }lov lc`} ov }~`ivec~~cm }d `~hdi }lc xd~goih ejsom c|fl`ihc~ L\* }lov lc`} ov }~`ivec~~cm }d `~hdi }lc xd~goih ejsom de ALM fyfjc) ]lc fdansv}odi r~dmsf}v `e}c~ r`vvoih }l~dshl }lc de ALM fyfjc) ]lc fdansv}odi r~dmsf}v `e}c~ r`vvoih }l~dshl }lc `o
`o~ ~ rr~~cclclc`}`}c~ c~ ,},}d d ~~cfcfduduc~ c~ ` ` rr`~`~} } de de }l}lc c lclc`} `} de de fdfdanansvsv}}ododii r~
r~dmdmsfsf}/ }/ `i`im m rrs~s~oeoeococ~v ~v ,],]d d ~~cacaduduc c l`l`~a~aesesj j cacaovovvovodidiv/ v/ `i`imm movfl`~hcm }d `}advrlc~c) ]lc jddr oi }lc fci}~c ov }lc ALM jddr) movfl`~hcm }d `}advrlc~c) ]lc jddr oi }lc fci}~c ov }lc ALM jddr) ]lc ld} `~hdi h`v ov vccmcm xo}l fcvosa `im r`vvcm }l~dshl ]lc ld} `~hdi h`v ov vccmcm xo}l fcvosa `im r`vvcm }l~dshl
AL
ALM M hhcicic~c~`}`}d~d~) ) ]]lc lc mmf f rrdxdxc~ c~ dsds}}rsrs} } de de ALALM M hhcicic~c~`}`}d~ d~ oovv fdiuc~}cm }d @)F) ny }lc oiuc~}c~ `im ov }lci eccm oi}d }lc h~om) fdiuc~}cm }d @)F) ny }lc oiuc~}c~ `im ov }lci eccm oi}d }lc h~om) ]lc jddr vldxi di }lc ~ohl} l`im vomc oi eoh ov }lc v}c`a jddr ed~ ]lc jddr vldxi di }lc ~ohl} l`im vomc oi eoh ov }lc v}c`a jddr ed~ es~}lc~ ~cfduc~oih }lc lc`} de }lc xd~goih ejsom `im fdiuc~}oih es~}lc~ ~cfduc~oih }lc lc`} de }lc xd~goih ejsom `im fdiuc~}oih }lov lc`} oi}d cjcf}~of`j cic~hy) ]lc ejsom r`vvcv }l~dshl }lc lc`} }lov lc`} oi}d cjcf}~of`j cic~hy) ]lc ejsom r`vvcv }l~dshl }lc lc`} c|
c|flfl`i`ihchcv v L\L\> > xlxlc~c~c c o} o} oaoar`r`~}~}v v o}o}v v lclc`} `} }d }d x`}x`}c~ c~ xlxlofofl l hchc}v}v fdiuc~}cm }d v}c`a) ]lov v}c`a ov svcm r`~}jy ed~ ms~oih ` }s~noic fdiuc~}cm }d v}c`a) ]lov v}c`a ov svcm r`~}jy ed~ ms~oih ` }s~noic xlofl ~siv }lc fdar~cvvd~ r`~}jy ed~ }s~noic m~ouc~ `i `j}c~i`}d~) xlofl ~siv }lc fdar~cvvd~ r`~}jy ed~ }s~noic m~ouc~ `i `j}c~i`}d~) ]lc ds}rs} de }lc `j}c~i`}d~ ov `jvd }d }lc h~om) ]lc xd~goih ejsom ]lc ds}rs} de }lc `j}c~i`}d~ ov `jvd }d }lc h~om) ]lc xd~goih ejsom
hd
hdcv cv n`n`fg fg }d }d }l}lc c lclc`} `} c|c|flfl`i`ihchcv v L\L\/ / `e`e}c}c~ ~ r`r`vvvvoioih h }l}l~d~dshshll fdar~cvvd~ `im oi}c~fddjc~) @ fjdvcm vyv}ca f`i r~duomc ad~c fdar~cvvd~ `im oi}c~fddjc~) @ fjdvcm vyv}ca f`i r~duomc ad~c svcesj rdxc~ fdiuc~vodi `} jdxc~ }carc~`}s~cv ,`~dsim 0?22d G svcesj rdxc~ fdiuc~vodi `} jdxc~ }carc~`}s~cv ,`~dsim 0?22d G `v fdar`~cm }d >322d G ed~ drci fyfjc vyv}ca/)
`v fdar`~cm }d >322d G ed~ drci fyfjc vyv}ca/)
00 00
ICCM ED^ ES^]LC^ ^CVC@^FL
ICCM ED^ ES^]LC^ ^CVC@^FL
]
]lc lc fdfdaaaac~c~fofo`j `j svsvc c de de ALALM M fdfdififcrcr} } l`l`v v idid} } ncncci ci rdrdvvvvononjcjc ncf`svc isac~dsv }cflidjdhof`j `mu`ifcaci}v `~c iccmcm r~od~ ncf`svc isac~dsv }cflidjdhof`j `mu`ifcaci}v `~c iccmcm r~od~ }d fdaac~fo`jo{`}odi de ALM vyv}cav) Adv} de }lcvc `~c ~cj`}cm }d fdaac~fo`jo{`}odi de ALM vyv}cav) Adv} de }lcvc `~c ~cj`}cm }d a`}c~o`j r~dnjca f~c`}cm ny }lc voasj}`icdsv r~cvcifc de lohl }d a`}c~o`j r~dnjca f~c`}cm ny }lc voasj}`icdsv r~cvcifc de lohl }ca
}carc~rc~`}s`}s~c ~c `im `im ` ` lohlohljy ljy fd~fd~~dv~dvouc ouc `im `im `n~`n~`vo`vouc uc ciuociuo~d~diaciaci})i}) ]lc ALM fl`iicj drc~`}cv c|}~cac fdimo}odiv de }carc~`}s~c* ]lc ALM fl`iicj drc~`}cv c|}~cac fdimo}odiv de }carc~`}s~c* a`hic}of `im cjcf}~of eocjmv) Vc`~fl ov di ed~ nc}}c~ oivsj`}d~ `im a`hic}of `im cjcf}~of eocjmv) Vc`~fl ov di ed~ nc}}c~ oivsj`}d~ `im cjcf}~dmc a`}c~o`jv xlofl f`i xo}l v}`im }lc cjcf}~of`j* }lc~a`j* cjcf}~dmc a`}c~o`jv xlofl f`i xo}l v}`im }lc cjcf}~of`j* }lc~a`j* acfl`iof`j `im }lc~ad!flcaof`j v}~cvvcv `im
acfl`iof`j `im }lc~ad!flcaof`j v}~cvvcv `im fd~~dvodi)fd~~dvodi)
@MU@I]@HCV DE ALM HCIC^@]ODI
@MU@I]@HCV DE ALM HCIC^@]ODI
ALM hcic~`}odi deec~v vcuc~`j `mu`i}`hcv `v fdar`~cm }d d}lc~ ALM hcic~`}odi deec~v vcuc~`j `mu`i}`hcv `v fdar`~cm }d d}lc~ ac}ldmv de cjcf}~of hcic~`}odi)
ac}ldmv de cjcf}~of hcic~`}odi)
0/ ]lc fdiuc~vodi ceeofocify de ` ALM vyv}ca f`i nc 32# `v 0/ ]lc fdiuc~vodi ceeofocify de ` ALM vyv}ca f`i nc 32# `v fdar`~cm }d jcvv }l`i =2 rc~fci} ed~ }lc adv} ceeofoci} v}c`a fdar`~cm }d jcvv }l`i =2 rc~fci} ed~ }lc adv} ceeofoci} v}c`a rj`i}v)
rj`i}v)
>/ J`~hc `adsi} de rdxc~ ov hcic~`}cm) >/ J`~hc `adsi} de rdxc~ ov hcic~`}cm) 6/ O} l`v id aduoih r`~}v* vd ad~c ~cjo`njc) 6/ O} l`v id aduoih r`~}v* vd ad~c ~cjo`njc) =/ O} l`v `nojo}y }d ~c`fl }lc esjj rdxc~ jcuc
=/ O} l`v `nojo}y }d ~c`fl }lc esjj rdxc~ jcucj `v vddi `v v}`~}cm)j `v vddi `v v}`~}cm) 3/ Ncf`svc de lohlc~ ceeofocify* }lc duc~`jj hcic~`}odi fdv} de `i 3/ Ncf`svc de lohlc~ ceeofocify* }lc duc~`jj hcic~`}odi fdv} de `i ALM rj`i} xojj nc jcvv)
ALM rj`i} xojj nc jcvv) 5
5/ / ]l]lc c adad~~c c ceceeoeofofocici} } lclc`} `} s}s}ojojo{o{`}`}ododi i xdxdsjsjm m ceceeoeoffococi} i} lclc`}`} s}ojo{`}odi xdsjm
s}ojo{`}odi xdsjm
0> 0>
mcf~c`vcv }lc `adsi} de lc`} movfl`~hcm }d ciuo~diaci} `im }lc mcf~c`vcv }lc `adsi} de lc`} movfl`~hcm }d ciuo~diaci} `im }lc fddjoih
fddjoih
x`}c~ ~cpso~caci}v xdsjm
x`}c~ ~cpso~caci}v xdsjm `jvd nc jdxc~)`jvd nc jdxc~)
8/ ]lc lohlc~ ceeofocify ac`iv nc}}c~ escj s}ojo{`}odi) ]lc ~cmsfc 8/ ]lc lohlc~ ceeofocify ac`iv nc}}c~ escj s}ojo{`}odi) ]lc ~cmsfc escj
escj
fdivsar}odi xdsjm deec~ `mmo}odi`j cfdidaof `im vdfo`j nciceo}v) fdivsar}odi xdsjm deec~ `mmo}odi`j cfdidaof `im vdfo`j nciceo}v) </ ]lc Fjdvcm fyfjc vyv}ca r~dmsfcv rdxc~ e~cc de rdjjs}odi)
</ ]lc Fjdvcm fyfjc vyv}ca r~dmsfcv rdxc~ e~cc de rdjjs}odi)
Edjjdxoih }`njc vldx }lc rdjjs}`i} caovvodi de `i ASM rj`i} `im Edjjdxoih }`njc vldx }lc rdjjs}`i} caovvodi de `i ASM rj`i} `im `
`
fdiuci}odi`j v}c`a rj`i}) fdiuci}odi`j v}c`a rj`i})
Rdjjs}`i} caovvodi a }div rc~ m`y n`vcm di svc de fd`j l`uoih!6 Rdjjs}`i} caovvodi a }div rc~ m`y n`vcm di svc de fd`j l`uoih!6 rc~fci} rc~fci} vsjrls~ fdi}ci}v) vsjrls~ fdi}ci}v)
@rrjof`}odiv
@rrjof`}odiv
00)/ Rdxc~ hcic~`}odi oi vr`fc f~`e}))/ Rdxc~ hcic~`}odi oi vr`fc f~`e})
06 06
>)/ Lyrc~vdiof xoim }siicj c|rc~oaci}v) >)/ Lyrc~vdiof xoim }siicj c|rc~oaci}v) 6)/ Mcecivc `rrjof`}odi)
6)/ Mcecivc `rrjof`}odi)
0= 0=
FDIFJSVODI
FDIFJSVODI
Xo
Xo}l }l }lc }lc oifoif~c`~c`vcm vcm oimoimsv}sv}~o`j ~o`j `im `im `h~`h~ofsofsj}sj}s~`j ~`j `f}`f}ouoouo}oc}ocv* v* rdxrdxc~c~ mca`im ov `jvd lohljy oif~c`vcm) Oi }lc fdsi}~y ov vs~c }d e`jj vl mca`im ov `jvd lohljy oif~c`vcm) Oi }lc fdsi}~y ov vs~c }d e`jj vld~}d~} de }lc cic~hy mca`im ny }lc eo~v} mcf`mc de ic|} fci}s~y) ]lov de }lc cic~hy mca`im ny }lc eo~v} mcf`mc de ic|} fci}s~y) ]lov ac`iv `i `mmo}odi`j f`r`fo}y de rdxc~ ov ~cpso~cm ic|} 02 yc`~) ac`iv `i `mmo}odi`j f`r`fo}y de rdxc~ ov ~cpso~cm ic|} 02 yc`~) ]lc `ivxc~ }d }lov ov oi idi fdiuci}odi`j cic~hy) ]lc ALM rdxc~ ]lc `ivxc~ }d }lov ov oi idi fdiuci}odi`j cic~hy) ]lc ALM rdxc~ hcic~`}odi ov oi `mu`ifcm v}`hc }dm`y `im fjdvc~ }d fdaac~fo`j hcic~`}odi ov oi `mu`ifcm v}`hc }dm`y `im fjdvc~ }d fdaac~fo`j s}ojo{`}odi vohioeof`i} r~dh~cvv l`v ncci a`mc oi mcucjdraci} de s}ojo{`}odi vohioeof`i} r~dh~cvv l`v ncci a`mc oi mcucjdraci} de `jj f~o}of`j fdardici} `im vsn vyv}ca }cflidjdhocv fd`j ns~ioih `jj f~o}of`j fdardici} `im vsn vyv}ca }cflidjdhocv fd`j ns~ioih ALM fdanoicm v}c`a rdxc~ rj`i} r~daovc vohioeof`i} cfdidaof ALM fdanoicm v}c`a rdxc~ rj`i} r~daovc vohioeof`i} cfdidaof `im ciuo~diaci}`j `mu`i}`hcv fdar`~cm }d d}lc~ fd`j ns~ioih `im ciuo~diaci}`j `mu`i}`hcv fdar`~cm }d d}lc~ fd`j ns~ioih rd
rdxcxc~ ~ hchcicic~`~`}c }c }c}cflflididjdjdhohocvcv) ) O} O} xoxojj jj idid} } nc nc jdjdih ih ncnceded~~c c }}lclc }cflidjdhof`j r~dnjca de ALM hcic~`}c `~c duc~fdac `im ALM }cflidjdhof`j r~dnjca de ALM hcic~`}c `~c duc~fdac `im ALM rd
rdxcxc~ ~ hchcicic~`~`}o}odi di }~}~`i`iveved~d~a a o}o}vcvcje je e~e~da da ididififdidiucuci}i}ododi`i`j j }d}d fdiuci}odi`j cic~hy vds~fcv)
fdiuci}odi`j cic~hy vds~fcv)
03 03
^CEC^CIFCV
^CEC^CIFCV
Idi!Fdiuci}odi`j cic~hy vds~fc ; H)M) ^`oIdi!Fdiuci}odi`j cic~hy vds~fc ; H)M) ^`o
Cjcf}~of`j Rdxc~ Vyv}ca ; Cjcf}~of`j Rdxc~ Vyv}ca ; M~M~) Oi`am`~) Oi`am`~
Hcic~`}odi Mov}~ons}odi % S}ojo{`}odi de Cjcf}~of`j Cic~hy ;Hcic~`}odi Mov}~ons}odi % S}ojo{`}odi de Cjcf}~of`j Cic~hy ;
F)J)X`mx` F)J)X`mx` xxx)ldxv}seexd~gv)fdaxxx)ldxv}seexd~gv)fda xxx)xogorcmo`)d~hxxx)xogorcmo`)d~h 05 05
