EK KEt Z , /E 'h/ WZ/ ¬ ò ï ì U ì ì ì ò ô D P µ ] t Ç U ... · EK KEt Z , /E 'h/ WZ/ r...
Transcript of EK KEt Z , /E 'h/ WZ/ ¬ ò ï ì U ì ì ì ò ô D P µ ] t Ç U ... · EK KEt Z , /E 'h/ WZ/ r...
ϲϴDĂƌŐƵĞƌŝƚĞtĂLJ ŝƐŚŽƉƐ'ĂƚĞŝƐŚŽƉƐ^ƚŽƌƞŽƌĚ,ĞƌƚƐ
EKKEtZ,/E'h/WZ/-άϲϯϬϬϬϬ
ŶŝŵƉƌĞƐƐŝǀĞϰďĞĚƌŽŽŵĚĞƚĂĐŚĞĚĨĂŵŝůLJŚŽŵĞǁŝƚŚĂĚĚŝƟŽŶĂůƐĞůĨĐŽŶƚĂŝŶĞĚϭďĞĚƌŽŽŵĂŶŶĞdžĞůŽĐĂƚĞĚŝŶƚŚĞƉŽƉƵůĂƌŝƐŚŽƉƐ'ĂƚĞĚĞǀĞůŽƉŵĞŶƚdŚĞ
ǁĞůůƉƌŽƉŽƌƟŽŶĞĚƉƌŽƉĞƌƚLJĐŽŵƉƌŝƐĞƐĞŶƚƌĂŶĐĞŚĂůůǁĂLJůŝǀŝŶŐƌŽŽŵďĞĂƵƟĨƵůŽƉĞŶƉůĂŶŬŝƚĐŚĞŶĚŝŶŝŶŐƌŽŽŵƵƟůŝƚLJƌŽŽŵĂŶĚŐƌŽƵŶĚŇŽŽƌĐůŽĂŬƌŽŽŵ
hƉƐƚĂŝƌƐĂƌĞƚŚĞϰďĞĚƌŽŽŵƐǁŝƚŚĞŶ-ƐƵŝƚĞƚŽƚŚĞŵĂƐƚĞƌĂŶĚĨĂŵŝůLJďĂƚŚƐŚŽǁĞƌƌŽŽŵdŚĞƉƌŽƉĞƌƚLJŽīĞƌƐĂĨƵůůLJĨƵŶĐƟŽŶĂůĂŶŶĞdžĞŝŶĐůƵĚŝŶŐůŝǀŝŶŐƌŽŽŵ
ŬŝƚĐŚĞŶďĞĚƌŽŽŵĂŶĚƐŚŽǁĞƌƌŽŽŵdžƚĞƌŶĂůůLJŝƐĂŶĂƩƌĂĐƟǀĞƌĞĂƌŐĂƌĚĞŶĂŶĚƉƌŝǀĂƚĞĚƌŝǀĞǁĂLJƚŽƚŚĞĨƌŽŶƚ/ĚĞĂůůLJĂůůǁŝƚŚŝŶƐŚŽƌƚǁĂůŬŝŶŐĚŝƐƚĂŶĐĞŽĨ
ůŽĐĂůƐĐŚŽŽůŝŶŐĂŶĚĂŵĞŶŝƟĞƐ
hWsĨƌŽŶƚĚŽŽƌůĞĂĚŝŶŐƚŽ EdZE,>>tz >ĂŵŝŶĂƚĞŇŽŽƌŝŶŐƵŶĚĞƌƐƚĂŝƌƐĐƵƉďŽĂƌĚƌĂĚŝĂƚŽƌĐĞŝůŝŶŐůŝŐŚƚƉŽŝŶƚ ĐĂƌƉĞƚĞĚƐƚĂŝƌƐƚŽĮƌƐƚŇŽŽƌĂĐĐŽŵŵŽĚĂƟŽŶĂŶĚĚŽŽƌŝŶƚŽ 'ZKhE&>KKZt >ĂŵŝŶĂƚĞŇŽŽƌŝŶŐǀĂŶŝƚLJǁĂƐŚŚĂŶĚƵŶŝƚůŽǁůĞǀĞůǁĐĚŽƵďůĞŐůĂnjĞĚŽƉĂƋƵĞǁŝŶĚŽǁƚŽƐŝĚĞƌĂĚŝĂƚŽƌĂŶĚĐĞŝůŝŶŐůŝŐŚƚƉŽŝŶƚ >/s/E'ZKKD-ϮϮϯdžϭϭϲ;ϲϳϴŵdžϯϱϬŵͿ tŽŽĚĞīĞĐƚůĂŵŝŶĂƚĞŇŽŽƌŝŶŐĚŽƵďůĞŐůĂnjĞĚďĂLJǁŝŶĚŽǁƚŽĨƌŽŶƚĂŶĚƐůŝĚŝŶŐƉĂƟŽĚŽŽƌƐƚŽƌĞĂƌĐĞŶƚƌĂůĮƌĞƉůĂĐĞǁŝƚŚĞůĞĐƚƌŝĐĮƌĞϮƌĂĚŝĂƚŽƌƐĂŶĚϮĐĞŝůŝŶŐůŝŐŚƚƉŽŝŶƚƐ
/E/E'ZKKD-ϭϳϲdžϵϵ;ϱϯϯŵdžϮϵϳŵͿ
tŽŽĚŇŽŽƌŝŶŐĚŽƵďůĞŐůĂnjĞĚďĂLJǁŝŶĚŽǁƚŽƌĞĂƌŐĂƌĚĞŶƌĂĚŝĂƚŽƌĐŽǀŝŶŐƚŽĐĞŝůŝŶŐĂŶĚĐĞŝůŝŶŐůŝŐŚƚƉŽŝŶƚ
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sŝŶLJůŇŽŽƌŝŶŐĂƌĂŶŐĞŽĨĞLJĞĂŶĚďĂƐĞůĞǀĞůƵŶŝƚƐĐŽŵƉůĞŵĞŶƚĂƌLJǁŽƌŬƐƵƌĨĂĐĞŝŶƐĞƚƐŝŶŬĂŶĚĚƌĂŝŶĞƌĂŶĚďƌĞĂŬĨĂƐƚďĂƌƵŝůƚŝŶĚŽƵďůĞŽǀĞŶϰƌŝŶŐĞůĞĐƚƌŝĐ
ŚŽďĂŶĚĞdžƚƌĂĐƟŽŶŽǀĞƌŝŶƚĞŐƌĂůĚŝƐŚǁĂƐŚĞƌĂŶĚƐƉĂĐĞĨŽƌĨƌŝĚŐĞŽƵďůĞŐůĂnjĞĚǁŝŶĚŽǁƚŽƌĞĂƌƌĂĚŝĂƚŽƌŝŶƐĞƚĚŽǁŶůŝŐŚƚĞƌƐĂŶĚĐĞŝůŝŶŐůŝŐŚƚƉŽŝŶƚŽŽƌŝŶͲ
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sŝŶLJůŇŽŽƌŝŶŐĂƌĂŶŐĞŽĨĞLJĞĂŶĚďĂƐĞůĞǀĞůƵŶŝƚƐǁŝƚŚĐŽŵƉůĞŵĞŶƚĂƌLJǁŽƌŬƐƵƌĨĂĐĞWĂƌƚŐůĂnjĞĚĚŽŽƌƚŽƐŝĚĞƐƉĂĐĞĨŽƌĨƌŝĚŐĞĨƌĞĞnjĞƌĂŶĚǁĂƐŚĞƌĚƌLJĞƌǁĂůů
ŵŽƵŶƚĞĚďŽŝůĞƌĂŶĚĐĞŝůŝŶŐůŝŐŚƚƉŽŝŶƚ
>E/E'Z ĂƌƉĞƚĞĚĚŽƵďůĞŐůĂnjĞĚǁŝŶĚŽǁƚŽĨƌŽŶƚĂŝƌŝŶŐĐƵƉďŽĂƌĚĂĐĐĞƐƐƚŽůŽŌĐĞŝůŝŶŐůŝŐŚƚƉŽŝŶƚĂŶĚĚŽŽƌƐůĞĂĚŝŶŐƚŽ D^dZZKKD-ϭϮϯdžϭϬϭ;ϯϳϯŵdžϯϬϳŵͿ >ĂŵŝŶĂƚĞŇŽŽƌŝŶŐĚŽƵďůĞŐůĂnjĞĚǁŝŶĚŽǁƚŽƌĞĂƌďƵŝůƚŝŶǁĂƌĚƌŽďĞƐƌĂĚŝĂƚŽƌĂŶĚĐĞŝůŝŶŐůŝŐŚƚƉŽŝŶƚŽŽƌŝŶƚŽ E-^h/d^,KtZZKKD >ĂŵŝŶĂƚĞŇŽŽƌŝŶŐƐŚŽǁĞƌĐƵďŝĐůĞůŽǁŇƵƐŚǁĐǁĂƐŚŚĂŶĚďĂƐŝŶĚŽƵďůĞŐůĂnjĞĚŽƉĂƋƵĞǁŝŶĚŽǁƚŽƌĞĂƌƌĂĚŝĂƚŽƌĞdžƚƌĂĐƟŽŶĨĂŶĂŶĚĐĞŝůŝŶŐůŝŐŚƚƉŽŝŶƚ ZKKDϮ-ϭϭϱdžϳϵ;ϯϰϴŵdžϮϯϲŵͿ ĂƌƉĞƚĞĚĚŽƵďůĞŐůĂnjĞĚǁŝŶĚŽǁƚŽƌĞĂƌďƵŝůƚŝŶǁĂƌĚƌŽďĞƐƌĂĚŝĂƚŽƌĂŶĚĐĞŝůŝŶŐůŝŐŚƚƉŽŝŶƚ ZKKDϯ-ϵϯdžϴϮ;ϮϴϮŵdžϮϰϵŵͿ ĂƌƉĞƚĞĚĚŽƵďůĞŐůĂnjĞĚǁŝŶĚŽǁƚŽĨƌŽŶƚďƵŝůƚŝŶǁĂƌĚƌŽďĞƐƌĂĚŝĂƚŽƌĂŶĚĐĞŝůŝŶŐůŝŐŚƚƉŽŝŶƚ ZKKDϰ-ϴϴdžϳϴ;ϮϲϰŵdžϮϲϰŵͿ >ĂŵŝŶĂƚĞŇŽŽƌŝŶŐĚŽƵďůĞŐůĂnjĞĚǁŝŶĚŽǁƚŽĨƌŽŶƚƌĂĚŝĂƚŽƌĂŶĚĐĞŝůŝŶŐůŝŐŚƚƉŽŝŶƚ &D/>zd,^,KtZZKKD dŝůĞĚŇŽŽƌŝŶŐƉĂŶĞůďĂƚŚǁŝƚŚƐŚŽǁĞƌĂƩĂĐŚŵĞŶƚƐĞƉĂƌĂƚĞƐŚŽǁĞƌĐƵďŝĐůĞƉĞĚĞƐƚĂůǁĂƐŚŚĂŶĚďĂƐŝŶůŽǁůĞǀĞůǁĐĚŽƵďůĞŐůĂnjĞĚŽƉĂƋƵĞǁŝŶĚŽǁƚŽƌĞĂƌƌĂĚŝĂƚŽƌĞdžƚƌĂĐƟŽŶĨĂŶĂŶĚĐĞŝůŝŶŐůŝŐŚƚƉŽŝŶƚ
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ŐůĂnjĞĚǁŝŶĚŽǁƚŽĨƌŽŶƚƌĂĚŝĂƚŽƌǁĂůůŵŽƵŶƚĞĚďŽŝůĞƌŝŶƐĞƚĚŽǁŶůŝŐŚƚĞƌƐĂŶĚĐĞŝůŝŶŐůŝŐŚƚƉŽŝŶƚŽŽƌŝŶƚŽ
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ĂƌƉĞƚĞĚϮĚŽƵďůĞŐůĂnjĞĚǁŝŶĚŽǁƐƚŽĨƌŽŶƚƌĂĚŝĂƚŽƌŝŶƐĞƚĚŽǁŶůŝŐŚƚĞƌƐŽŽƌŝŶƚŽ
ĞĚƌŽŽŵ-ϭϭϱdžϳϱ;ϯϰϴŵdžϮϮϲŵͿ
ĂƌƉĞƚĞĚsĞůƵdžǁŝŶĚŽǁƐƚŽƌĂŐĞĐƵƉďŽĂƌĚƌĂĚŝĂƚŽƌĐĞŝůŝŶŐůŝŐŚƚƉŽŝŶƚŽŽƌŝŶƚŽ
Ŷ-ƐƵŝƚĞ^ŚŽǁĞƌZŽŽŵ
ĂƌƉĞƚĞĚĐŽƌŶĞƌƐŚŽǁĞƌĐƵďŝĐůĞƉĞĚĞƐƚĂůǁĂƐŚŚĂŶĚďĂƐŝŶůŽǁŇƵƐŚǁĐďůŽĐŬǁŝŶĚŽǁƚŽƐŝĚĞƟůĞĚǁĂůůƐĞdžƚƌĂĐƟŽŶĨĂŶŝŶƐĞƚĚŽǁŶůŝŐŚƚĞƌƐ
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