ABC

POCZ!TKUJ!CEGO FINANSISTY

!"

!"!"#$"""

#$%&'"#$%&$"'()$"*+,(-./01."2(+&345"6$"(+-541"7"

8*493:"$3;<16."5<&$1="5",<)";.>0"!"#$%&"?;@"*+8:$&$;-"8,$1."8:A"

58*4959$2;:;:.>.)"&$6.1"8*493:B""1.&6+;-.26:."0-<8301."*($5+"&+"&<5:&.6&<B";-<>:"&+"-<8345"0-<83$6<;@"

*(-.-"8*493A"5"&$6<)"(+30C"D3;1."30*01.":"

8*(-.&$1."8:A"6$"E:.9&-:."*$*:.(45"

5$(,+2;:+5<;@C"

F"

("!"#$")*+,'-"

.#/0-1#"#$%&<"-"6$8")$"8541"/0&%.,"7"*$G8,5+",.%C"

H+":6$;-.1"*>$6"&+;@+&45":"5<&$,345"I"

,."*:.(58-.",+"5"5:A38-+2;:"*+&$,3:J",."&(0E:.",+"6*C"5<&$,3:"6$"890%/A"-&(+5:$B";-<"&(+E:C""K.%.>:"&+;@+&<"*$G8,5$"5"&$6<)"(+30"8="5<%8-."+&"5<&$,345B",+")$)<"&+";-<6:.6:$"-"'!()*+",-./(+%01),&-L&<"*$G8,5+"5<&$1."

5:A;.1"6:%")$B")45:)<"+"(%2#*#3%-./(+%01)*4&-

M"

2"!"#$"

2'3#"5%'!-,+"5$(,+2NB"3,4(=",(-./$"-$*9$;:NB"$/<"30*:N"&$6."&+/(+"O,+5$(">0/"0890EAPC"K.8,"5<($%+6$"5"1.&6+8,3$;@"*:.6:A%6<;@"O6*C"-9+,<;@B".0(+B"&+>$($;@PC"5%'!-1.8,",$3%."5<-6$;-6:3:.)"5$(,+2;:"&$6.E+"&+/($"I"&-:A3:"6:.1")+%.)<"*+(456<5$N"-."8+/="(4%6."*(+&03,<C"

Q"

4"!"#$%

4')'-"R+1A;:."(%.%0"+&6+8:"8:A"&+"3+6,$"/$63+5.E+C"

K.%.>:""5<*9$;:)<"5:A38-=":>+2N"*:.6:A&-<"6:%")$)<"

6$"3+6;:.""*+58,$1."&./.,B";-<>:"6$8-"&90E"5+/.;"/$630C"K.E+"

5<8+3+2N"1.8,"(4%6$"5"(4%6<;@"/$63$;@B"$"

6:.3,4(."3+6,$"6:.")$1="5"+E4>.")+%>:5+2;:"

3+(-<8,$6:$"-"&./.,0C"R$):A,$1"I",+"35+,$B"3,4(="/A&-:.8-")08:$9"8*9$;:NB"$"

6:."*(.-.6,"S"

T"

5"!"#$"

'$0.67-"6"78190",+"58-<8,3:."&+/($O,+5$(<":"0890E:P"

5<*(+&03+5$6."5"3($10":"8*(-.&$6."-$"E($6:;AC"

:48190",+"-$30*"&4/(O,+5$(<":"0890E:P"5<*(+&03+5$6<;@"-$"E($6:;="":"8*(+5$&-.6:."

:;@"&+"3($10C"

U>$"(+-5+10"3($10">.*:.1B"%./<".38*+(,"*(-.5<%8-$9":)*+(,B"/+",+"+-6$;-$B"%."-$($/:$1=">+3$>6:B"$"6:."

-$E($6:;-6:"*(-.&8:A/:+(;<"

V"

8"!"#$%

9*3+*0:"

';'7<-#=3<"#$%&<"-"6$8";@;:$9/<"):.N"3:.&<2"5<8+3=".).(<,0(AC";/'(/7<-%4%9*0!='*-*+/:.($"839$&3:"*(-.-";$9="3$(:.(A"-$5+&+5=":""

;-A2N"-"6:;@":65.8,01.C"?)">.*:.1",+"-(+/:B",<)"5:A;.1"-$(+/:="6$8-."+8-;-A&6+2;:":",<)"5:A38-="&+8,$6:.)<"

.).(<,0(AC""

W"

>"!"#$"

>?'@+#">3%?(!-@!83%9A)-B!901C#31)*#D-,+"):.18;."5"3,4(<)"

08,$>$1="8:A";.6<"$3;1:":"*$*:.(45"

5$(,+2;:+5<;@C"X$"E:.9&-:.B"-$"

*+2(.&6:;,5.)"&+)0")$3>.(83:.E+")+%.)<"8*(-.&$5$N":"30*+5$N"$3;1."+($-"*$*:.(<"

5$(,+2;:+5.C"

Y"

A"!"#$"

A?.6-'$#"E3810%"!",+"Z+()$"

-$/.-*:.;-.6:$"3(.&<,0"7"*.56.E+"(+&-$10"

[-$8,$5\C"]<+/($^)<"8+/:.B"%."8,$($8-"8:A"+"3(.&<,"6$"-$30*"&+)0C"

K.%.>:"*(-.8,$6:.8-"8*9$;$N"($,<B"/$63"*(-.1):.":"8*(-.&$"

H5+1="6:.(0;@+)+2NC"]$(,+"/($N",+"*+&"05$EA"-$;:=E$1=;"

3(.&<,C"""

_"

B"!"#$"

B3C#%&#":'F!#$!-,+",(5$9<"5-(+8,"+E4>6.E+"*+-:+)0";.6"5"

E+8*+&$(;.C"?6$;-.1")45:=;"1.8,",+"8*$&.3"5$(,+2;:"*:.6:=&-$"I"5($-"-"0*9<5.)";-$80"-$",."8$)."6+):6$>6."T`"-9+,<;@B")+%.)<"30*:N";+($-")6:.1"

,+5$(45C"-

!`"

D"$"&#$""D#$"0:*$#E".7#%<F"

a-03$6:."*($;<",+"83+)*>:3+5$6."-$&$6:."I")+%.8-"3+6,$3,+5$N"8:A"

/.-*+2(.&6:+"-"*($;+&$5;$):B"3+(-<8,$N"-"0890E"$E.6;1:"*($;<B"$>/+"b(-A&0"R($;<C"]:A38-+2N"+84/"8-03$"*($;<"*(-.-"?6,.(6.,"6$"*+(,$>$;@"(.3(0,$;<16<;@">0/"

*(-.E>=&$1=;"+E9+8-.6:$"5"*($8:.C""

R+"-6$>.-:.6:0";:.3$5.1"+Z.(,<"*(-<E+,01"cd":">:8,")+,<5$;<16<"I"5-+(<"

-6$1&-:.8-"5"?6,.(6.;:.C"K.2>:"8*+&+/$8-"8:A"

*($;+&$5;<B"-$*(+8:";:A"6$"(+-)+5A"35$>:'3$;<16=C""

!!"

G"!"#$"

$63-6"]"R+>8;."5<8,$(;-<"):.N"83+G;-+6."!M">$,":"-E+&A"

(+&-:;45"/<"-+8,$N"*+8:$&$;-.)""1'0!C"e./<"1."-$9+%<NB"*+5:6:.6.2"5</($N"/$63"-"6$1>.*8-="+Z.(,=C"

R($5:."58-A&-:."56:+8.3"+"-$9+%.6:."3+6,$")+%.8-"5<*.96:N"5"?6,.(6.;:."6$"8,(+6:."/$630C"H$)",.%"-6$1&-:.8-":6Z+()$;1."+"+*9$,$;@B"*(+5:-1$;@":"

/.-*9$,6<;@"/$63+)$,$;@C"f$63:"+Z.(01=";-A8,+"

8*.;1$>6."3+6,$"&>$"+84/")9+&<;@":"8,0&.6,45C""

!F"

H"!"#$"H6$#-#"G1"!0!-0%943'1)!-,+"6:;":66.E+"1$3"0&-:.>.6:."*+%<;-3:"/$63+5:C"R+%<;-3$",$"1.8,"+*(+;.6,+5$6$":"

+3(.2>+6$"5";-$8:.B";-<>:"*+"0*9<5:.",.():60">+3$,<"+,(-<)$)<"6:."

,<>3+"5*9$;+6."*:.6:=&-."$>."(456:.%"&+&$,3+5+"+/:.;$6<"-<83C"g+3$,$",+"

/.-*:.;-6<"8*+84/">+3+5$6:$"+8-;-A&6+2;:B"1.&6$"6:."&$"8:A"6$"6:.1"-$(+/:N"$%",<>.";+"6$"(<-<3+56:.18-<;@"

$3;1$;@C"-

!M"

I"!"#$"

;636.6=?0-#"H1'181=370!-,+"

*(-.&8:A/:+(8,5+B"3,4(.")$"5<9=;-6+2N"6$"

*(+&03;1A":"8*(-.&$%"1$3:.E+2"*(+&03,0C"

L&</<"5"6$8-<)"3($10",<>3+"1.&6$"'()$"*(+&03+5$9$"

8$)+;@+&<B",+"3$%&<"3,+";@;:$9/<"):.N"85+1.";-,.(<"3493$")08:$9/<"-E+&-:N"8:A"6$";.6A"5<-6$;-+6="*(-.-"

)+6+*+>:8,A"O+;-<5:2;:."/$(&-+"5<8+3=PC"?",$3"6:."30*:9/<"+&"6:3+E+"

:66.E+C"-

!Q"

J"!"#$"J(K"I!91(1)*-J!'"-@1=7"3-

1.8,"/$63:.)";.6,($>6<)C"K.E+"

E9456<)"-$&$6:.)"1.8,"0,(-<)<5$6:."

8,$/:>6+2;:"-9+,.E+B"+($-".):81$"*:.6:=&-$":"

&/$6:."+"1.E+"5$(,+2N"O3+6,(+>$":6h$;1:PC"i$1)01."8:A"(456:.%"6$&-+(.)"/$6345"3+).(;<16<;@C""

U.;<-1."*+&.1)+5$6."*(-.-"XfR"8=";$93+5:;:."6:.-$>.%6."+&"(-=&0"I"

,+"6:.-$>.%6$":68,<,0;1$C"

!T"

L"!"#$%6)=?M#%&'"N$#7)*"K#/0-1#"

K.=3L!#$%-M"!9.1)%-,+"*$*:.(<"5$(,+2;:+5.B"

3,4(.B"1$3"6$-5$"583$-01.B"8=".):,+5$6."*(-.-"a3$(/"R$G8,5$C"K.%.>:"*$G8,5+"*+,(-./01."*:.6:A&-<B",+"

.):,01."+/>:E$;1.":"-+/+5:=-01."8:A"&+":;@"5<30*0"*+"+3(.2>+6<)"

,.():6:.B"*9$;=;"+;-<5:2;:."+&8.,3:C"

j/>:E$;1."83$(/+5.")+%."-$30*:N"3$%&<"-"6$8"I",+"

,$3B"1$3/<"0&-:.>$N"*$G8,50"*+%<;-3AC"-

k(4&9+l"555C3$*:,$>:-)C+(E"

!V"

K"!"#$"

.6,<%:$#"@1+*#<"!-3-"9%(*0-,+"Z+()$"-$;:=E6:A;:$"&90E0C"j"3(.&<,"

)+%.)<"8:A"0/:.E$N",<>3+"5"/$630B"$"+"*+%<;-3A"(456:.%"5":66<;@":68,<,0;1$;@"

'6$68+5<;@C""R+%<;-3:"0&-:.>$6."8="6$"&+5+>6<";.>":"-"

(.E09<"6$")$9."35+,<J"3(.&<,<"6$"+3(.2>+6<";.>B";-A8,+"6$"-$30*"

):.8-3$6:$">0/"8$)+;@+&0C-

!W"

O"!"#$"7<3'$"]"R+>8;."&+*:.(+"+&"F`">$,"

*$601."L1781(!9"!-)1='19*'"1)!-

O"!830!=370*#<'!PC"K.8,",+"(+&-$1"(<630B"3,4(<"&$1."85+/+&A"-$39$&$6:$"'()B"*(-.1(-<8,+2N":"(456."

*($5$"&>$"58-<8,3:;@"1.E+"0;-.8,6:345C"R+"U(0E:.1"]+16:."m5:$,+5.1"5"R+>8;."*$6+5$9$"

L1781(!9"!-#%'09!='3%-8=!'1)!'!C"R$G8,5+"/<9+"1.&<6<)"59$2;:;:.>.)"*(-.&8:A/:+(8,5"I"

0(-A&6:;<"08,$>$>:";.6<":":>+2N"*(+&03+5$6<;@"&4/(B"6:.-$>.%6:."+&"(.$>6<;@"*+,(-./"3+680).6,45C"

!Y"

N"!"#$%0-6.#"

)':76)6%?#"-M018!-.%<91.1#3!-5<($%+6$"1.8,"5"

*(+;.6,$;@"I"*+3$-01.B":>."+84/B"3,4(.")+E=":";@;="*+&1=N"*($;A"6:.")+%."1.1"-6$>.^NC"g:;-/A",<;@"+84/"*+(45601."8:A"-"+E4>6=">:;-/="+84/"$3,<56<;@"

-$5+&+5+"O;-<>:"58-<8,3:;@"&+(+89<;@B"

3,4(-<")+E="*($;+5$NB"6:."8="6$".).(<,0(-.B"(.6;:."

:,*CP"K.%.>:"8,+*$"/.-(+/+;:$"5<6+8:"!`n",+"

-6$;-<B"%."!`n"+84/";@A,6<;@"&+"*($;<"6:."

)+%."-6$>.^N"-$,(0&6:.6:$C"R(-<1)01."8:AB"%."8,+*$"F7Qn"1.8,"-1$5:83:.)"6+()$>6<)C"-

!_"

P"!"#%$%-7#30#$%&'".7:':"B3-'73'-"

N9!'7!"#$%-89<%<-:'0%9'%0"&$1=")+%>:5+2N"(+/:.6:$"

-$30*45"/.-"5<;@+&-.6:$"-"&+)0C"]"83>.*:.":6,.(6.,+5<)">0/"-$"

*+2(.&6:;,5.)"$03;1:"5"8:.;:")+%.)<"-$"-$-5<;-$1"

-$"5</($6<"*(+&03,"-$*9$;:N"3$(,="3(.&<,+5=B"

*(-.>.5.)">0/"[-$"*+/($6:.)\C"j8,$,6:$"+*;1$"1.8,"6$1/.-*:.;-6:.18-$B"/+"-$",+5$("*9$;:)<"&+*:.(+"

>:8,+6+8-+5:B"3,4(<"*(-<6:.8:."*(-.8<93AC-

F`"

Q"!"#$"*)':.?'%:'3?#"O.%<83%#<%'3%-,+"Z+()$"-$/.-*:.;-.6:$"8:A"*(-.&"(4%6<):"6:.*+%=&$6<):"

-1$5:83$):C"o:()<"0/.-*:.;-.6:+5."&-:$9$1="5",.6"8*+84/B"%."(.E0>$(6:."*+/:.($1="+&"6$8"+3(.2>+6."35+,<B"$"5"-$):$6"-$",+"-+/+5:=-01="8:AB"%."3:.&<"

8,$6:."8:A";+2"-9.E+"5<*9$;="6$)"+&8-3+&+5$6:.B"$>/+"

6$*($5:="8-3+&<C"b/.-*:.;-.6:.",+").,+&$"-$/.-*:.;-.6:$"6$"[58-.>3:"5<*$&.3\C"p+%.)<">:;-<NB"%."6*C"6$8-"8$)+;@4&"8:A"6:E&<"6:."*+*801.B"$>."3:.&<"-&$(-<"8:A"$5$(:$B",+"*+"+,(-<)$6:0"($;@0630"+&").;@$6:3$"

*+%$901.)<B"%."6:."5<30*:>:2)<"0/.-*:.;-.6:$C"-

F!"

R"!"#$"

10.S=3#"

1#=*-#"'*76"6/91-,+"58*4>6$"5$>0,$"6:.3,4(<;@"-"*$G8,5"b6::"q0(+*.183:.1C"R9$;:"8:A"6:="5"!V"3($1$;@"]8*4>6+,<C"f$63:";.6,($>6.",<;@"

3($145"*(-.3$-$9<";-A2N"85+:;@"3+)*.,.6;1:"6$"

(-.;-"q0(+*.183:.E+"f$630"c.6,($>6.E+B"3,4(<"+&";-$80"*(-<1A;:$"6+5.1"

5$>0,<"&/$"+"1.1"5$(,+2N":"8,$/:>6+2NC""-

FF"

T"!"#$":#76)$?"P!91."3-,+"*:.6:=&-.B"3,4(."&+8,$1.)<"-$"5<3+6$6="

*($;AC"p+).6,":;@"+,(-<)$6:$"-$>.%<"+&"

(+&-$10"0)+5<"I"5:A38-+2N"+84/"5<6$E(+&-.6:."+,(-<)01."6$"3+6:.;"

*(-.*($;+5$6.E+"):.8:=;$C"R(-.E>=&$1=;"+Z.(,<"*($;<"-5(4N"05$EAB"%."35+,<"*+&$5$6."8="6.,,+">0/"/(0,,+C"X.,,+-,+"35+,$"5<6$E(+&-.6:$"*+"

*+,(=;.6:0"+/+5:=-3+5<;@"839$&.3":"*+&$,345B";-<>:",+";+"Z$3,<;-6:.",($'"6$"6$8-."3+6,+C"#5+,<"6.,,+":"/(0,,+"9$,5+"+/>:;-<N"3+(-<8,$1=;"-"3$>30>$,+($"5<6$E(+&-.G"I"8="&+8,A*6."-$"&$()+"5"

?6,.(6.;:.C"-

FM"

FQ"

D0,+(l"!"#$%&'()"#*%+&,-(

.#'/0%$%+"*%(*"(1%$#'23/(1#%42,$5(67-*"*&2891:(;(2<5,"=4"(9>%</=?(,%*&592*$@+(A*"*&%+/=?B8(.#%42,$(<%A*"*&%+"*/('2(

C#%<,@+(D8E$8(F"#&'"+/8(

F(1#2'2*$"=4-(+/,%#'/&$"*%('<4G=-"('(&2#+-&5(+++8&H=8?5("

I(JKKL(75*<"=4"(M2#"'(N<5,"=4"(