Bedienungsanleitung MEDION AKOYA P6631 MD 97941

[. . . ] [. . . ] 1XQHUVFKHLQWHLQH$EIUDJHREGLH'DWHLJH|IIQHWR GHUDXIGHP3&JHVSHLFKHUWZHUGHQVROO:lKOHQ6LH KLHUGLH2SWLRQgIIQHQDXVXQGIROJHQ6LHGHQ$QZHL VXQJHQDXI, KUHP%LOGVFKLUP 'HQ3URGXFW. H\ILQGHQ6LHDXIGHU&'+OOH+DOWHQ 6LHJJIDXFK, KUH:LQGRZV&'EHUHLW 0LFURVRIW2XWORRNPXVVSHU7HOHIRQRGHU , QWHUQHWDNWLYLHUWZHUGHQ:LUGGLHVQLFKWJHPDFKW VWDUWHWGDV3URJUDPPQDFKGHP0DOQLFKWPHKU , QEHWULHEQDKPH 0, &5262)7$&7, 9(6<1&, 167$//, (5(1 =XU$EVWLPPXQJ, KUHU'DWHQ0DLO. RQWDNWH7HUPL QHHWF]ZLVFKHQ, KUHP3&XQGGHP3RFNHW3&EHQ| WLJHQ6LHGDV3URJUDPP0LFURVRIW$FWLYH6\QF (LQH/L]HQ]GLHVHV3URJUDPPVKDEHQ6LHPLWGLHVHP 3RFNHW3&HUZRUEHQXQGEHILQGHWVLFKDXIGHU&' · 6ROOWH6LH0LFURVRIW2XWORRNQRFKQLFKW DXI, KUHP3&LQVWDOOLHUWKDEHQIKUHQ6LHGLHVH , QVWDOODWLRQZLH]XYRUEHVFKULHEHQGXUFK · :LFKWLJ9HUELQGHQ6LHGHQ3RFNHW3&QRFK QLFKWPLW, KUHP&RPSXWHU %HHQGHQ6LH:LQGRZVXQGVFKDOWHQGHQ3&DXV :LFKWLJ(QWQHKPHQ6LHGHQ3RFNHW3&DXVGHU /DGH6\QFKURQLVDWLRQVVWDWLRQ 6WHFNHQ6LHQXQGDV. DEHOGHU/DGH6\QFKURQL VDWLRQVVWDWLRQLQHLQHQIUHLHQ86%3RUWGHV3&V 86%3RUW GHV&RPSXWHUV 6WDUWHQ6LH:LQGRZVXQGOHJHQ6LHPLWJHOLHIHU WH&'ZLHGHUHLQXPGDVEHUHLWVEHNDQQWH, Q VWDOODWLRQVPHQXHUQHXWDQ]HLJHQ]XODVVHQ . OLFNHQ6LHDXI$FWLYH6\QFLQVWDOOLHUHQ · $XIGHUUHFKWHQ6HLWHGHV)HQVWHUVHUVFKHLQWHLQH 3URGXNWEHVFKUHLEXQJXQGZHLWHUIKUHQGH, QVWDOOD WLRQVKLQZHLVH . OLFNHQ6LHQXQDXI, QVWDOOLHUHQ 'HXWVFK (VHUVFKHLQWHLQ'LDORJGHU6LHGDUEHULQIRUPLHUW GDVVQXQHLQ3URJUDPPLQVWDOOLHUWZHUGHQVROO. OL FNHQ6LHDXI2. 1XQHUVFKHLQWHLQH$EIUDJHREGLH'DWHLJH|II QHWRGHUDXIGHP3&JHVSHLFKHUWZHUGHQVROO :lKOHQ6LHKLHUGLH2SWLRQgIIQHQDXVXQGIRO JHQ6LHGHQ$QZHLVXQJHQDXI, KUHP%LOGVFKLUP :HQQGLH9HUELQGXQJVRSWLRQHQJHSUIWZHUGHQ VWHFNHQ6LHGHQ3RFNHW3&LQGLH/DGH 6\QFKURQLVDWLRQVVWDWLRQ · 'HU+DUGZDUHLQVWDOODWLRQVDVVLVWHQWHUNHQQW QXQHLQQHXHV*HUlWXQGLQVWDOOLHUWHLQHQSDVVHQ GHQ7UHLEHU'LHVNDQQHLQLJH0LQXWHQGDXHUQ :LHGHUKROHQ6LHGLH9HUELQGXQJVVXFKHIDOOVVLH EHLPHUVWHQ0DOVFKHLWHUW )ROJHQ6LHGHQ$QZHLVXQJHQDXI, KUHP%LOG VFKLUP'DV3URJUDPPZLUGQXQHLQH3DUWQHU VFKDIW]ZLVFKHQ, KUHP3&XQGGHP3RFNHW3& HLQULFKWHQ'XUFKGLH6\QFKURQLVDWLRQZHUGHQ , KUH'DWHQ0DLO. RQWDNWH7HUPLQHHWFDXWR PDWLVFKDXI, KUHQ3RFNHW3&EHUWUDJHQ · :HLWHUH3URJUDPPHILQGHQ6LHGLHVHDXI, KUHU &RPSDQLRQ&'XQWHU, KUH. HQQWQLVVHHUZHLWHUQÖ 8QWHUKDOWXQJRGHU0RELOLW\ , QEHWULHEQDKPH 6&+5, 77$5%(, 7(10, 7'(032&. (73& %(', (181*'(632&. (73&6 (QWQHKPHQ6LHGHQ3RFNHW3&DXVGHU/DGH 6\QFKURQLVDWLRQVVWDWLRQ 8PHLQH)XQNWLRQRGHUHLQ3URJUDPPDXV]XIKUHQ XQG WLSSHQ6LHPLWGHP6WLIWDXI GDQQDXIGLHJHZQVFKWH2SWLRQ 'UFNHQ6LHGLH3URJUDPPWDVWHQGHV3RFNHW 3&VXPGDVJHZQVFKWH3URJUDPP]XVWDU WHQ'LHKLQWHUOHJWHQ3URJUDPPHN|QQHQXQ WHU6WDUWÖ(LQVWHOOXQJHQGHILQLHUWZHUGHQ (UOlXWHUXQJHQ]XU%HGLHQXQJXQG)XQNWLRQDOLWlW GHU3URJUDPPHHUKDOWHQ6LHXQWHU6WDUWÖ+LOIH 6<1&+521, 6$7, 21=:, 6&+(132&. (73&81'3& :HQQ6LHGHQ3RFNHW3&LQGLH/DGH6\QFKURQLVD WLRQVVWDWLRQVWHFNHQZLUGDXWRPDWLVFK$FWLYH6\QF JHVWDUWHW'DV3URJUDPPSUIWREHVVLFKXPGHQ 3RFNHW3&KDQGHOWPLWGHPHLQH3DUWQHUVFKDIWHLQ JHJDQJHQZXUGH, VWGLHVGHU)DOOZHUGHQGLHVHLWGHU OHW]WHQ6\QFKURQLVDWLRQVWDWWJHIXQGHQHQbQGHUXQJHQ DXIGHP3&XQGDXIGHP3RFNHW3&PLWHLQDQGHUYHU JOLFKHQXQGDEJHVWLPPW 6LHN|QQHQLQGHQ(LQVWHOOXQJHQGHV3URJUDPPV$F WLYH6\QFJHQDXGHILQLHUHQZHOFKH'DWHQ3ULRULWlW EHLGHU6\QFKURQLVDWLRQKDEHQ 5XIHQ6LHGD]XGLH+LOIHPLWGHU7DVWH)GHV3UR JUDPPVDXIXPGLH$XVZLUNXQJHQGHUHQWVSUHFKHQ GHQ(LQVWHOOXQJHQNHQQHQ]XOHUQHQ :LUGGHU3RFNHW3&QLFKWDOV3DUWQHUHUNDQQWLVWDX WRPDWLVFKHLQHLQJHVFKUlQNWHU*DVW=XJDQJDNWLYPLW GHPPDQEHLVSLHOVZHLVH'DWHQDXVWDXVFKHQNDQQ 6ROOWHGLHVGHU)DOOVHLQREZRKOHVVLFKXPGDVUH JLVWULHUWH3DUWQHUJHUlWKDQGHOWHQWQHKPHQ6LHELWWH 'HXWVFK GHQ3RFNHW3&DXVGHU/DGH6\QFKURQLVD WLRQVVWDWLRQVFKDOWHQ6LHLKQDXVXQGZLHGHUDQ 6WHFNHQ6LHGHQ3RFNHW3&ZLHGHULQGLH/DGH6\Q FKURQLVDWLRQVVWDWLRQXPGHQ(UNHQQXQJVSUR]HVVHU QHXW]XVWDUWHQ6ROOWHGLHVLPPHUQRFKQLFKWIXQNWLR QLHUHQZLHGHUKROHQ6LHGHQ9RUJDQJXQGVWDUWHQ6LH ]XVlW]OLFK, KUHQ3&QHX )KUWDXFKGLHVQLFKW]XP(UIROJNDQQGLH8UVDFKH IUGLHVH)HKOIXQNWLRQHLQDEZHLFKHQGHU*HUlWHQDPH VHLQ%LWWHEHUSUIHQ6LHGLHVXQWHU6WDUWÖ(LQ VWHOOXQJHQÖ6\VWHPÖ, QIRÖ*HUlWH, ' bQGHUQ6LHJJIGHQ*HUlWHQDPHQGHV3RFNHW3& IDOOVGLHVHUGHPYRQ$FWLYH6\QFJHVSHLFKHUWHQ*H UlWHQDPHQQLFKWHQWVSULFKW , QEHWULHEQDKPH 80*$1*0, 763(, &+(5. $57(1 , KU3RFNHW3&XQWHUVWW]W00&XQG6'6SHLFKHUNDUWHQ (, 16(7=(192163(, &+(5. $57(1 (QWQHKPHQ6LHYRUVLFKWLJGLH 6SHLFKHUNDUWHDXVGHU9HUSDFNXQJ IDOOVYRUKDQGHQ$FKWHQ6LHGDU DXIGDVVGLH. RQWDNWHQLFKWEH UKUWRGHUYHUVFKPXW]WZHUGHQ )KUHQ6LHGLH6SHLFKHUNDUWHLQ GHQ. DUWHQVFKDFKWHLQZREHLGHU $QVFKOXVV]XP6WHFNSODW]ZHLVHQ XQGGHU$XINOHEHU]XU9RUGHUVHLWH ]HLJHQPXVV (17)(51(1'(563(, &+(5. $57( · (QWIHUQHQ6LHGLH6SHLFKHUNDUWHQLFKWZHQQDXI GLHVH]XJHJULIIHQZLUG$QGHUQIDOOVN|QQHQ'DWHQ YHUORUHQJHKHQ 8PGLH. DUWH]XHQWIHUQHQGUFNHQ6LHOHLFKW JHJHQGLH2EHUNDQWHELVVLHDXVUDVWHW =LHKHQ6LHQXQGLH. DUWHKHUDXVRKQHGLH. RQ WDNWH]XEHUKUHQ /DJHUQ6LHGLH6SHLFKHUNDUWHLQGHU9HUSDFNXQJ RGHUDQHLQHQDQGHUHQVLFKHUHQ2UW · 6SHLFKHUNDUWHQVLQGVHKUHPSILQGOLFK$FKWHQ6LH GDUDXIGDVVGLH. RQWDNWHQLFKWYHUVFKPXW]HQXQG NHLQ'UXFNDXIGLH. DUWHDXVJHEWZLUG 'HXWVFK =8*5, ))$8)63(, &+(5. $57(1 6SHLFKHUNDUWHQZHUGHQLP'DWHL([SORUHULQGHU5H JHODOV6WRUDJH&DUGVDQJH]HLJW 6LHN|QQHQGLH6SHLFKHUNDUWHZLHHLQJHZ|KQOLFKHV /DXIZHUNDQVSUHFKHQXQG'DWHLHQHLQIJHQXPEH QHQQHQRGHUO|VFKHQ · 'HU3RFNHW3&XQWHUVWW]WQXU6SHLFKHUNDUWHQGLH LP'DWHLIRUPDW)$7IRUPDWLHUWZXUGHQ:HU GHQ. DUWHQHLQJHVHW]WGLHPLWHLQHPDQGHUHQ )RUPDWYRUEHUHLWHWZXUGHQ]%LQ. DPHUDV03 6SLHOHUQHUNHQQW, KU3RFNHW3&GLHVHP|JOLFKHU ZHLVHQLFKWXQGELHWHW, KQHQDQGLHVHQHX]XIRU PDWLHUHQ $FKWXQJ'DV)RUPDWLHUHQGHU6SHLFKHUNDUWHQ O|VFKWDOOH'DWHQXQZLHGHUEULQJOLFK · 1LFKWDOOH'RNXPHQWHODVVHQVLFKEHUGLH6SHL FKHUNDUWHDXVWDXVFKHQ, QHLQLJHQ)lOOHQPVVHQ VLHEHUGDV3URJUDPP0LFURVRIW$FWLYH 6\QFNRQYHUWLHUWZHUGHQ '$7(1$867$86&+h%(5. $57(1/(6(5 6LHN|QQHQ'DWHQEHU$FWLYH6\QFEHUWUDJHQE]Z V\QFKURQLVLHUHQ'LHVLVWDXFKGHUULFKWLJH:HJLQVEH VRQGHUHGDQQZHQQ'DWHLHQEHUWUDJHQZHUGHQGLH LQHLQIUGHQ3RFNHW3&OHVEDUHV)RUPDWXPJHZDQGHOW ZHUGHQPVVHQ :HQQ6LHDEHUJURH'DWHQPHQJHQ03'DWHLHQ 1DYLJDWLRQVNDUWHQDXIGLH6SHLFKHUNDUWHNRSLHUHQ ZROOHQN|QQHQ6LHGLHVHDXFKGLUHNWDXIGLH6SHLFKHU NDUWHVSHLFKHUQ 9LHOH&RPSXWHUYHUIJHQEHUHLWVEHU6SHLFKHUNDUWHQ JHUlWH/HJHQ6LHGRUWGLH. DUWHHLQXQGNRSLHUHQ6LH GLH'DWHQGLUHNWDXIGLH. DUWH %HGLQJWGXUFKGHQGLUHNWHQ=XJULIIHUUHLFKHQ6LHHLQH ZHVHQWOLFKVFKQHOOHUHhEHUWUDJXQJ , QEHWULHEQDKPH 32&. (73&=85h&. 6(7=(1 (VJLEW]ZHL2SWLRQHQGHQ3RFNHW3&]XUFN]XVHW]HQ 62)75(6(7 'LHVH0|JOLFKNHLWVWDUWHWGHQ3RFNHW3&QHXRKQH GDVVHLQH1HXLQVWDOODWLRQHUIRUGHUOLFKLVW'HU6RIW 5HVHWZLUGRIWYHUZHQGHWXPGHQ6SHLFKHU]XUHRUJD QLVLHUHQ'DEHLZHUGHQDOOHODXIHQGHQ3URJUDPPHDE JHEURFKHQXQGGHU$UEHLWVSHLFKHUZLUGQHXLQLWLDOLVLHUW %HQXW]HQ6LHGLHVH0|JOLFKNHLWZHQQ, KU3RFNHW3& QLFKWPHKURUGQXQJVJHPlUHDJLHUWRGHUDUEHLWHW 6RIKUHQ6LHGHQ6RIW5HVHWGXUFK 6SHLFKHUQ6LHZHQQP|JOLFKGLHJHUDGHEHDUEHL WHWHQ'DWHLHQYRQ, KUHP3RFNHW3& 'UFNHQ6LHPLWGHU6SLW]HGHV=HLJHVWLIWVLQGLH gIIQXQJIUGHQ6RIW5HVHW6FKDOWHU 'HU3RFNHW3&]HLJWQDFKZHQLJHQ6HNXQGHQGHQ 6WDUWELOGVFKLUP, KUH. RQILJXUDWLRQXQG, KUHJH VSHLFKHUWHQ'DWHLHQZHUGHQQLFKWJHO|VFKW +$5'5(6(7 $FKWXQJ(LQ+DUG5HVHWO|VFKWDOOH'DWHQDXI, KUHP 3RFNHW3&XQGEHZLUNWHLQHHUQHXWH(UVWLQVWDOODWLRQ (LQHHUQHXWH, QVWDOODWLRQGHU6RIWZDUHDXI, KUHP6\Q FKURQLVDWLRQVFRPSXWHULVWDOOHUGLQJVQLFKWHUIRUGHUOLFK 6RIKUHQ6LHGHQ+DUG5HVHWGXUFK 6LFKHUQ6LHZHQQP|JOLFKDOOHEHQ|WLJWHQ'DWHL HQYRQ, KUHP3RFNHW3&%HQXW]HQ6LHGD]XGLHLP 3RFNHW3&PLWJHOLHIHUWHQ3URJUDPPHVLHKH 2QOLQH+LOIHRGHU+DQGEXFKDXI&' 6WHOOHQ6LHGLH$NNXVSHUUHDXIGLHRIIHQH3RVLWLRQ  XQG|IIQHQ6LHYRUVLFKWLJGDV$NNXIDFK , P$NNXIDFKEHILQGHWVLFKHLQ6WURPYHUVRUJXQJV VFKDOWHU6WHOOHQ6LHGLHVHQIUHLQLJH6HNXQGHQDXI 2))XPGHQ+DUG5HVHWGXUFK]XIKUHQ 6FKOLHHQ6LHGLHVHQ9RUJDQJDELQGHP6LHGHQ 6WURPYHUVRUJXQJVVFKDOWHUZLHGHUDXI21VWHOOHQ 'HXWVFK 1$9, *$7, 210, 7237, 21$/(563(, &+(5. $57( 'LHVH2SWLRQVWHKW, KQHQQXU]XU9HUIJXQJZHQQ, KU 3RFNHW3&PLWHLQHURGHUPHKUHUHQYRULQVWDOOLHUWHQ 6SHLFKHUNDUWHQDXVJHVWDWWHWLVW, QGLHVHP)DOOHN|Q QHQ6LHGLH1DYLJDWLRQVIXQNWLRQ, KUHV3RFNHW3&V YHUZHQGHQRKQHGDVV6LHGLH9RULQVWDOODWLRQDXIHL QHP3&GXUFKIKUHQ · :LUHPSIHKOHQ, KQHQGHQQRFKGLHJHVDPWH(UVWHLQ ULFKWXQJDE6HLWHGXUFK]XIKUHQXPGLHZHL WHUHQ)XQNWLRQHQGHV3RFNHW3&VQXW]HQ]XN|QQHQ · 'LHQDFKIROJHQGH, QVWDOODWLRQEHVFKUlQNWGLH1DYL JDWLRQDXIGDV*HELHWGDVDXI, KUHU6SHLFKHUNDUWH YRULQVWDOOLHUWLVW 'LHVH6FKULWWHPVVHQ6LHGXUFKIKUHQXPGLH1DYL JDWLRQLQ, KUHP$XWRLQ%HWULHE]XQHKPHQ /HVHQXQGEHIROJHQ6LHGLH6LFKHUKHLWVKLQ ZHLVHDXIGHQ6HLWHQIIXQGII , QVWDOOLHUHQ6LHGLH. RPSRQHQWHQGHV1DYLJDWL RQVV\VWHPVLQ, KUHP$XWR/HVHQ6LHGD]XGLH $QZHLVXQJHQDXIGHQ6HLWHQ 'UFNHQ6LHDXIGLH7DVWH(LQ$XV XPGHQ3RFNHW3&]XVWDUWHQ:XUGHQ GLH$QZHLVXQJHQXQWHU6FKULWW6HL WHQRFKQLFKWGXUFKJHIKUWKROHQ 6LHGLHVQDFK'HU$NNXGHV3RFNHW 3&VZLUGEHUGLH6WURPYHUVRUJXQJ GHV$XWRVJHODGHQ )DOOVGLH00&. DUWHQLFKWLP3R FNHW3&HLQJHVHW]WLVWIKUHQ6LH GLHVHLQGHQ. DUWHQVFKDFKWHLQ$FK WHQ6LHGDUDXIGDVVGLH. RQWDNWH ]XP6WHFNSODW]ZHLVHQXQGGHU $XINOHEHU]XU9RUGHUVHLWH]HLJW 1DYLJDWLRQPLWRSWLRQDOHU6SHLFKHUNDUWH n p o 6WDUWHQ6LHGHQ'DWHL([SORUHU :HFKVHOQ6LHDXIGLH6SHLFKHUNDUWH n o p , QVWDOOLHUHQ6LHGDV1DYLJDWLRQVSURJUDPPLQ GHP6LHDXIGDV3URJUDPP0HGLRQ1DYLJDWRU NOLFNHQ$QVFKOLHHQGHUVFKHLQWGDV6\PEROLP 3URJUDPPRUGQHU n 'LH1DYLJDWLRQVVRIWZDUHLVWQXQLQVWDOOLHUWXQGNDQQ ZLHDXI6HLWHEHVFKULHEHQEHQXW]WZHUGHQ 'HXWVFK 1$9, *$7, 21 6, &+(5+(, 76+, 1:(, 6(1$9, *$7, 21 (LQHDXVIKUOLFKHUH%HGLHQXQJVDQOHLWXQJILQGHQ6LHDXI GHUHQWVSUHFKHQGHQ&' +, 1:(, 6()h5', (1$9, *$7, 21 · %HGLHQHQ6LHGDV1DYLJDWLRQVV\VWHPQLFKW ZlKUHQGGHU)DKUWXPVLFKVHOEVWXQGDQGH UHYRU8QIlOOHQ]XVFKW]HQ )DOOV6LHGLH6SUDFKKLQZHLVHHLQPDOQLFKWYHU VWDQGHQKDEHQRGHUVLFKQLFKWVLFKHUVLQGZDV DQGHUQlFKVWHQ. UHX]XQJ]XWXQLVWN|QQHQ 6LHVLFKDQKDQGGHU. DUWHQRGHU3IHLOGDUVWHO OXQJVFKQHOORULHQWLHUHQ6FKDXHQ6LHMHGRFK QXUGDQQDXIGDV'LVSOD\ZHQQ6LHVLFKLQHL QHUVLFKHUHQ9HUNHKUVVLWXDWLRQEHILQGHQ $FKWXQJ'LH6WUDHQIKUXQJXQGGLH6WUDHQ YHUNHKUVRUGQXQJKDEHQ9RUUDQJYRUGHQ$Q ZHLVXQJHQGHV1DYLJDWLRQVV\VWHPV)ROJHQ6LH GHQ$QZHLVXQJHQQXUZHQQHVGLH8PVWlQGHXQG GLH9HUNHKUVUHJHOQHUODXEHQ'DV1DYLJDWLRQVV\V WHPIKUW6LHDXFKGDQQDQV=LHOZHQQ6LHYRQ GHUJHSODQWHQ5RXWHDEZHLFKHQPVVHQ 3ODQHQ6LHGLH5RXWHQEHYRU6LHORVIDKUHQ :HQQ6LHXQWHUZHJVHLQHQHXH5RXWHHLQJHEHQ P|FKWHQXQWHUEUHFKHQ6LHGLH)DKUW $FKWHQ6LHEHLGHU, QVWDOODWLRQGHU+DOWHUXQJ GDUDXIGDVVGLH+DOWHUXQJDXFKEHLHLQHP8Q IDOONHLQ6LFKHUKHLWVULVLNRGDUVWHOOW 9HUOHJHQ6LHGDV. DEHOQLFKWLQGLUHNWHU1lKH YRQVLFKHUKHLWVUHOHYDQWHQ. RPSRQHQWHQ · · · +, 1:(, 6()h5', (, 1%(75, (%1$+0(, 0)$+5=(8* · · 1DYLJDWLRQ · · %HIHVWLJHQ6LHGLH+DOWHUXQJQLFKWLP)XQNWLRQV EHUHLFKGHU$LUEDJV 'HU6WURPYHUVRUJXQJVVWHFNHUYHUEUDXFKWDXFK GDQQ6WURPZHQQNHLQ*HUlWDQJHVFKORVVHQLVW (QWIHUQHQ6LHLKQEHL1LFKWEHQXW]XQJXPHLQ (QWODGHQGHU$XWREDWWHULH]XYHUPHLGHQ 3UIHQ6LHQDFKGHU, QVWDOODWLRQVlPWOLFKHVL FKHUKHLWVUHOHYDQWHQ(LQULFKWXQJHQLP)DKU]HXJ /DFNLHUHQRGHUEHNOHEHQ6LHGHQ*36 (PSIlQJHUQLFKW'HU(PSIDQJGHU6DWHOOLWHQ VLJQDOHNDQQGDGXUFKEHHLQWUlFKWLJWZHUGHQ · +, 1:(, 6()h5'(1*36(03)b1*(5 · , 167$//$7, 21'(562)7:$5( 8PVHOEVWGHILQLHUWH. DUWHQDXI, KUHP3RFNHW3&QXW]HQ ]XN|QQHQPXVVGLHHQWVSUHFKHQGH1DYLJDWLRQVVRIW ZDUHDXI, KUHQ&RPSXWHULQVWDOOLHUWZHUGHQ %HYRU6LHGLH1DYLJDWLRQVVRIWZDUHLQVWDOOLHUHQ VWHOOHQ6LHVLFKHUGDVV$FWLYH6\QFLQVWDOOLHUWLVW XQGGHU3RFNHW3&VLFKLQGHU/DGH6\QFKURQL VDWLRQVVWDWLRQEHILQGHWXQGHLQH9HUELQGXQJEH VWHKWVLHKH6HLWH /HJHQ6LHGLH&'520PLWGHU1DYLJDWLRQVVRIW ZDUH0DS([SRUWLQ, KU&'/DXIZHUNHLQ'LH , QVWDOODWLRQVWDUWHWDXWRPDWLVFK )ROJHQ6LHGHQ$QZHLVXQJHQGHV3URJUDPPV , VWGLH, QVWDOODWLRQGHU1DYLJDWLRQVVRIWZDUH0DS ([SRUWDEJHVFKORVVHQYHUVXFKWGDV3URJUDPP GLH6RIWZDUHDXI, KUHP3RFNHW3&]XLQVWDOOLHUHQ +DEHQ6LHGLHVEHUHLWVPDQXHOOGXUFKJHIKUW1D YLJDWLRQPLWRSWLRQDOHU6SHLFKHUNDUWH6HLWH N|QQHQ6LHGLHVHQ6FKULWWDEEUHFKHQ 'HXWVFK , 1+$/7'(51$9, *$7, 216&'6 1DYLJDWLRQV&'0DS(SRUW. DUWHQPDWHULDO 'LHVH&'EHQ|WLJHQ6LHXP, KUHHLJHQHQ. DUWHQ]X HUVWHOOHQ'LHVH&'ZLUGDXIGHQ&RPSXWHULQVWDOOLHUW 1DYLJDWLRQV&'9RUEHUHLWHWH. DUWHQDXVVFKQLWWH XQG6FKQHOOLQVWDOODWLRQ3RFNHW3&RSWLRQDO , QGHQ9HU]HLFKQLVVHQGLHVHU&'EHILQGHQVLFKYRUGHIL QLHUWH. DUWHQGLH6LHHLQIDFKPLWGHP'DWHLPDQDJHU ([SORUHUDXIGLHRSWLRQDOH6SHLFKHUNDUWHNRSLHUWZHU GHQN|QQHQ'LHVH. DUWHQVLQGGDQQVRIRUWYHUIJEDU , P2UGQHU6FKQHOOLQVWDOODWLRQEHILQGHWVLFKGLH'DWHL 0HGLRQ1DYLJDWRUFDE:HQQ6LHGLHVH'DWHLDXI, KUHQ 3RFNHW3&NRSLHUHQXQGGRUWDXVIKUHQZLUGGDV1DYL JDWLRQVSURJUDPPGLUHNWDXIGHP3RFNHW3&LQVWDOOLHUW VLHKH6HLWH 1$9, *$7, 2166(7, 0$872%()(67, *(1 · $FKWXQJ%HIHVWLJHQ6LHGLH+DOWHUXQJIUGHQ 3RFNHW3&QXUGDQQDQGHU:LQGVFKXW]VFKHLEH ZHQQGDGXUFKGLH6LFKWQLFKWEHKLQGHUWZLUG)DOOV GLHVQLFKWP|JOLFKVHLQVROOWHPRQWLHUHQ6LHGLH +DOWHUXQJPLWGHUEHLOLHJHQGHQ6DXJHU+DIWSODWWH VRGDVVGLH+DOWHUXQJHLQHQXQJHIlKUGHWHQXQGVL FKHUHQ%HWULHEJHZlKUOHLVWHW (, 1%$8'(5+$/7(581*)h5'(132&. (73& · +LQZHLV)DOOV6LHGLH+DOWHUXQJDQGHU:LQG VFKXW]VFKHLEHEHIHVWLJHQP|FKWHQN|QQHQ6LHGLH 6FKULWWHXQGEHUVSULQJHQ (QWIHUQHQ6LHGLH6FKXW]IROLHYRQGHU. OHEHIOlFKH GHU6DXJHUKDIWSODWWH . OHEHQ6LHGLH6DXJHU+DIWSODWWHDQHLQHJHHLJQHWH 6WHOOHDXIGHP$UPDWXUHQEUHWW$FKWHQ6LHGDUDXI GDVVGLH2EHUIOlFKHGHV$UPDWXUHQEUHWWVVDXEHULVW XQGGUFNHQ6LHGLH6DXJHU+DIWSODWWHIHVWDQ 1DYLJDWLRQ · 8PHLQHQVLFKHUHQ+DOW]XJHZlKUOHLVWHQVROOWHQ6LH GLH+DOWHUSODWWH6WXQGHQQLFKWEHODVWHQ $XWRKDOWHUXQJ 6DXJQDSI 6FKZDQHQKDOV+DOWHUXQJ 9HUELQGHQ6LHGLH$XWRKDOWHUXQJPLWGHU6FKZD QHQKDOV+DOWHUXQJ%HDFKWHQ6LHGLH%HVFKULIWXQJ DXIGHU6FKZDQHQKDOV+DOWHUXQJ'HU3IHLOPLWGHU %HVFKULIWXQJFORVHPXVVLQGLH(LQUDVWULFKWXQJ ]HLJHQ'LH9HUELQGXQJPXVVK|UEDUHLQUDVWHQ 6HW]HQ6LHGLH+DOWHUXQJPLWGHP6DXJQDSILQGLH 6DXJHU+DIWSODWWHRGHUGLUHNWDQGLH:LQG VFKXW]VFKHLEHXQGGUFNHQ6LHGHQ+HEHODP 6DXJQDSIQDFKXQWHQ'HU6DXJQDSIVDXJWVLFK DQGHU6DXJHU+DIWSODWWHIHVW 6HW]HQ6LHGHQ3RFNHW3&LQGLH$XWRKDOWHUXQJ HLQXQGGUFNHQ6LHEHLGH%DFNHQIHVW]X GDPLWGHU3RFNHW3&VLFKHUJHKDOWHQZLUG 6DXJHU+DIWSODWWH 'HXWVFK *36(03)b1*(5(, 1%$8(1 'HU*36(PSIlQJHULVWDXVVFKOLHOLFKIUGHQ(LQVDW] XQGGLH, QVWDOODWLRQLP)DKU]HXJLQQHUHQNRQ]LSLHUW · +LQZHLV'HU*36(PSIDQJNDQQGXUFKHLQH 6FKHLEHPLW)URQWVFKHLEHQKHL]XQJ6FKHLEHQDQ WHQQHRGHUGXUFKHLQHPHWDOOEHGDPSIWH6FKHLEH EHHLQWUlFKWLJWZHUGHQ · $FKWXQJ'HU*36(PSIlQJHUPXVVHLQHIUHLH6LFKW ]XP+LPPHOKDEHQ3UIHQ6LHGHQRUGQXQJVJHPl HQ(PSIDQJDQGHUYRUJHVHKHQ(LQEDXSRVLWLRQLQ GHP6LHGDV1DYLJDWLRQVV\VWHPHLQLJH=HLWEHQXW ]HQEHYRU6LHGHQ(PSIlQJHUIHVWLQVWDOOLHUHQ (QWIHUQHQ6LHGLH6FKXW]IROLHYRQGHU. OHEHIOlFKH GHV. OHWWEDQGVXQGNOHEHQ6LHGDV. OHWWEDQG P|JOLFKVWZHLWYRUQHXQWHUGHU)URQWVFKHLEHDXI GDV$UPDWXUHQEUHWW$FKWHQ6LHGDUDXIGDVVGLH 2EHUIOlFKHGHV$UPDWXUHQEUHWWVVDXEHULVW (QWIHUQHQ6LHGLH6FKXW]IROLHYRQGHU. OHEHIOlFKH GHV. OHWWEDQGVXQGNOHEHQ6LHHVDXIGLH8QWHUVHL WHGHV*36(PSIlQJHUV$FKWHQ6LHGDUDXIGDVV GLH8QWHUVHLWHGHV*36(PSIlQJHUVVDXEHULVW )L[LHUHQ6LHGHQ*36(PSIlQJHUDXIGHP. OHWWEDQG 1DYLJDWLRQ (567(, 1, 7, $/, 6, (581*'(6*36(03)b1*(56 · +LQZHLV/DVVHQ6LHGHQ*36(PSIlQJHUEHLGHU HUVWHQ, QEHWULHEQDKPHFD6WXQGHQDP=LJD UHWWHQDQ]QGHUDQJHVFKORVVHQGDPLWGLH%DWWHULH GHV*36(PSIlQJHUVYROOVWlQGLJDXIJHODGHQZLUG XQGGHU*36(PSIlQJHUVHLQHDNWXHOOH3RVLWLRQ EHVWLPPW · $FKWXQJ%HLHLQLJHQ)DKU]HXJHQLVWHVHUIRUGHU OLFKGHQ=QGVFKOVVHO]XEHWlWLJHQGDPLWGHU =LJDUHWWHQDQ]QGHUPLW6WURPYHUVRUJWZLUG %HVWHKWNHLQH6WURPYHUVRUJXQJ]XP*36 (PSIlQJHULVWHLQH1DYLJDWLRQQLFKWP|JOLFK · $FKWXQJ=LHKHQ6LHGHQ6WURPYHUVRUJXQJVVWHFNHU DXVGHP=LJDUHWWHQDQ]QGHUZHQQ6LHGDV)DKU ]HXJDEVWHOOHQ'HU(PSIlQJHUYHUEUDXFKWSHUPD QHQW6WURPXQGN|QQWHGLH$XWREDWWHULHHQWODGHQ · +LQZHLV'HU3RFNHW3&ZLUGEHLDQJHVFKORVVH QHP6WURPYHUVRUJXQJVVWHFNHUEHUGDV)DKU]HXJ PLW6WURPYHUVRUJW$XFKGHU$NNXZLUGJHODGHQ 'HU, QLWLDOLVLHUXQJVYRUJDQJOlXIWDXWRPDWLVFKDEZHQQ GHU*36(PSIlQJHUEHUGHU=LJDUHWWHQDQ]QGHUPLW 6WURPYHUVRUJWZLUG 'HU, QLWLDOLVLHUXQJVYRUJDQJNDQQDXFKZlKUHQGGHU )DKUWHUIROJHQZHQQ]%GHU=LJDUHWWHQDQ]QGHUQXU EHLHLQJHVFKDOWHWHU=QGXQJIXQNWLRQLHUW 6WHFNHQ6LHGHQ6WURPYHUVRUJXQJVVWHFNHUGHV *36(PSIlQJHUVLQGHQ=LJDUHWWHQDQ]QGHU 'LHJUQH/HXFKWGLRGHDP6WURPYHUVRUJXQJVVWHFNHU]HLJW DQZHQQGHU*36(PSIlQJHUPLW6WURPYHUVRUJWZLUG 'HXWVFK 32&. (73&81'*36(03)b1*(59(5%, 1'(1 *36(PSIlQJHU . OHWWEDQG 6WURPYHUVRUJXQJVVWHFNHU =LHKHQ6LHGHQ6WURPYHUVRUJXQJVVWHFNHU DXVGHP=LJDUHWWHQDQ]QGHUEHYRU6LHGHQ *36(PSIlQJHUPLWGHP3RFNHW3&YHUELQGHQGD HVVRQVW]XHLQHP3URJUDPPDEVWXU]NRPPHQ NDQQXQG6LHGHQ3RFNHW3&QHXVWDUWHQPVVHQ 9HUELQGHQ6LHGDV. DEHOGHV*36(PSIlQJHUVPLW GHP9HUWHLOVWFNGHV9HUELQGXQJVNDEHO 9HUELQGHQ6LHGHQ'DWHQ6WHFNHUGHV 9HUELQGXQJVNDEHOVPLWGHP3RFNHW3& 6WHFNHQ6LHMHW]WGHQ6WURPYHUVRUJXQJVVWHFNHU LQGHQ=LJDUHWWHQDQ]QGHUXQGVRUJHQ6LHGDIU GDVVGLHVHUZlKUHQGGHU)DKUWQLFKWGHQ. RQWDNW YHUOLHUW'LHVNDQQ]X)HKOIXQNWLRQHQIKUHQ · +LQZHLV=LHKHQ6LHQDFKGHU)DKUWRGHUZHQQ6LH GDV)DKU]HXJOlQJHUH=HLWDEVWHOOHQGHQ6WURPYHU VRUJXQJVVWHFNHUDXVGHP=LJDUHWWHQDQ]QGHU'LH $XWREDWWHULHNDQQVLFKVRQVWHQWODGHQ 1DYLJDWLRQ 67$57'(61$9, *$7256 6FKDOWHQ6LHGHQ3RFNHW3&HLQ 6WDUWHQ6LHGDV3URJUDPP0HGLRQ1DYLJDWRULP 3URJUDPPYHU]HLFKQLVDXI, KUHP3RFNHW3& 6REDOGGDV*366\PEROYRQ*36DXI*36 'LH=DKOJLEWDQZLHYLHOH6DWHOOLWHQHPSIDQJHQ ZHUGHQZHFKVHOWLVWGLH, QLWLDOLVLHUXQJDEJH VFKORVVHQXQG6LHN|QQHQ, KUH)DKUWEHJLQQHQ · +LQZHLV'HU*36(PSIlQJHUEHQ|WLJWEHLPHUV WHQ*HEUDXFKPLQGHVWHQV0LQXWHQELVHULQLWL DOLVLHUWLVW$XFKZHQQGDV6\PEROIUHLQYRUKDQ GHQHV*366LJQDODQJH]HLJWZLUGNDQQGLH1DYLJD WLRQXQJHQDXVHLQ%HLDOOHQZHLWHUHQ)DKUWHQGDX HUWHVFD6HNXQGHQELVHLQNRUUHNWHV*36 6LJQDOYRUKDQGHQLVW'HU, QLWLDOLVLHUXQJVYRUJDQJ PXVVQXUEHLPHUVWHQ$XIUXIGHU1DYLJDWLRQVVRIW ZDUHGXUFKJHIKUWZHUGHQ . OLFNHQ6LHQXQDXI1DYLJDWLRQXP, KU)DKU]LHO DQ]XJHEHQ8PGHWDLOOLHUWH, QIRUPDWLRQHQ]XU%H GLHQXQJGHV3URJUDPPV]XHUKDOWHQNOLFNHQ6LH DXIGLH6FKDOWIOlFKH+LOIH · +LQZHLV0DQFKPDOVLQGHLQLJH(LQJDEHIHOGHU GXUFKGLH%LOGVFKLUPWDVWDWXUYHUGHFNW9HUEHU JHQ6LHGLH7DVWDWXULQGHP6LHDXIGDV7DVWDWXU V\PEROXQWHQLQGHU/HLVWHNOLFNHQ. OLFNHQ6LHHU QHXWDXIGDV7DVWDWXUV\PEROXPGLH7DVWDWXUZLH GHU]XDNWLYLHUHQ 'HXWVFK +b8), **(67(//7()5$*(1 :RILQGHLFKPHKU, QIRUPDWLRQHQ]XP3RFNHW3& $XVIKUOLFKH%HGLHQXQJVDQOHLWXQJHQIUGLH 1DYLJDWLRQRSWLRQDOXQGIUGLH%HGLHQXQJ GHU3RFNHW3&3URJUDPPHILQGHQ6LHDXIGHQ HQWVSUHFKHQGHQ&'VGLH, KUHP3RFNHW3& EHLOLHJHQ 1XW]HQ6LHDOV]XVlW]OLFKH+LOIHDXFK6LHGLH XPIDQJUHLFKHQ+LOIHIXQNWLRQHQGLHPLWHLQHP 7DVWHQGUXFNPHLVW)DP3&E]Z7LSSHQ DXIGDV)UDJH]HLFKHQDP3RFNHW3&]XU9HU IJXQJVWHKHQ'LHVH+LOIHQZHUGHQ, KQHQ ZlKUHQGGHU1XW]XQJGHV&RPSXWHUVRGHUGHV 3RFNHW3&VEHUHLWJHVWHOOW , P, QWHUQHWHUKDOWHQ6LHLQWHUHVVDQWH+LQZHLVH XQG(UJlQ]XQJHQDXIZZZSRFNHWSFFRPRGHU LQEHWUHIIHQGHQ)RUHQ :RIUEHQ|WLJHLFKGLHPLWJHOLHIHUWHQ&'V" 'LH&RPSDQLRQ&'HQWKlOW $FWLYH6\QF]XU6\QFKURQLVDWLRQ GDV3URJUDPPIU, QIRUPDWLRQVPDQDJH PHQW2XWORRNXQGZHLWHUH+LOIVSUR JUDPPHYRQ0LFURVRIW ]XVlW]OLFKH3URJUDPPHRSWLRQDO (LQHDXVIKUOLFKH%HGLHQXQJVDQOHLWXQJ ]XU%HGLHQXQJGHU3RFNHW3&3URJUDPPH , QKDOWGHU1DYLJDWLRQV&'V 0DS([SRUW. DUWHQPDWHULDO 'LHVHV3URJUDPPEHQ|WLJHQ6LHXP, KUH HLJHQHQ. DUWHQ]XHUVWHOOHQ(VZLUGDXI GHP&RPSXWHULQVWDOOLHUW +lXILJJHVWHOOWH)UDJHQ 9RUEHUHLWHWH. DUWHQDXVVFKQLWWHXQG 6FKQHOOLQVWDOODWLRQ3RFNHW3& 'LHVVLQGYRUEHUHLWHWH. DUWHQGLH6LHHLQ IDFKPLWGHP'DWHLPDQDJHU([SORUHUDXI GLHRSWLRQDOH6SHLFKHUNDUWHNRSLHUHQN|Q QHQ'LHVH. DUWHQVLQGGDQQVRIRUWDXIGHP 3RFNHW3&YHUIJEDU , P2UGQHU6FKQHOOLQVWDOODWLRQEHILQGHWVLFK GLH'DWHL0HGLRQ1DYLJDWRUFDE:HQQ6LH GLHVH'DWHLDXIGLH3RFNHW3&6SHLFKHUNDU WHNRSLHUHQXQGGRUWDXVIKUHQZLUGGDV 1DYLJDWLRQVSURJUDPPGLUHNWDXIGHP3R FNHW3&LQVWDOOLHUW 'HU3RFNHW3&UHDJLHUWQLFKWPHKU:DVLVW]XWXQ" )KUHQ6LHHLQHQ6RIW5HVHWGXUFK6HLWH :LHNDQQLFKGLH%HOHXFKWXQJUHJXOLHUHQ" 0DQXHOO , P3RFNHW3&XQWHU6WDUWÖ(LQVWHOOXQ JHQÖ6\VWHPÖ%HOHXFKWXQJ :LHNDQQLFK, QIRUPDWLRQHQEHUGLH. RQILJXUDWL RQGHV3RFNHW3&VHUKDOWHP" , P3RFNHW3&XQWHU6WDUWÖ(LQVWHOOXQJHQ Ö6\VWHP :DVIUHLQHQ3UR]HVVRUPXVVLFKZlKOHQZHQQ LFK6RIWZDUHLQVWDOOLHUHQP|FKWHGLHIUPHKUHUH 3ODWWIRUPHQJHVFKULHEHQLVW" :lKOHQ6LH$50 'HXWVFK 6 ( /% 6 7 + , /) ( (567(+, /)(%(, )(+/)81. 7, 21(1 )HKOIXQNWLRQHQN|QQHQPDQFKPDOEDQDOH8UVDFKHQ KDEHQ]XZHLOHQDEHUDXFKYRQUHFKWNRPSOH[HU1DWXU VHLQXQGHLQHDXIZHQGLJH$QDO\VHHUIRUGHUQ *581'6b7=/, &+(+, 1:(, 6( · 'DVUHJHOPlLJH$XVIKUHQGHU:LQGRZV3UR JUDPPHÄ'HIUDJPHQWLHUXQJ³XQGÄ6FDQGLVN³ DXI, KUHP3&1RWHERRNNDQQ)HKOHUTXHOOHQEHVHL WLJHQVRZLHGLH6\VWHPOHLVWXQJHUK|KHQ $16&+/h66(81'. $%(/h%(535h)(1 %HJLQQHQ6LHPLWHLQHUVRUJIlOWLJHQ6LFKWSUIXQJDOOHU . DEHOYHUELQGXQJHQ:HQQGLH/HXFKWDQ]HLJHQQLFKW IXQNWLRQLHUHQYHUJHZLVVHUQ6LHVLFKGDVVGDV*HUlW XQGDOOH3HULSKHULHJHUlWHRUGQXQJVJHPlPLW6WURP YHUVRUJWZHUGHQ · 6FKDOWHQ6LHGLH*HUlWHDEXQGEHUSUIHQ6LHDOOH . DEHOYHUELQGXQJHQ:HQQGDV*HUlWDQ3HULSKH ULHJHUlWHDQJHVFKORVVHQLVWEHUSUIHQ6LHDXFK KLHUGLH6WHFNYHUELQGXQJHQDOOHU. DEHO7DXVFKHQ 6LH. DEHOIUYHUVFKLHGHQH*HUlWHQLFKWZDKOORV JHJHQHLQDQGHUDXVDXFKZHQQ6LHJHQDXJOHLFK DXVVHKHQ'LH3ROEHOHJXQJHQLP. DEHOVLQGYLHO OHLFKWDQGHUV:HQQ6LHPLW6LFKHUKHLWIHVWJHVWHOOW KDEHQGDVVGLH6WURPYHUVRUJXQJHLQZDQGIUHLLVW XQGDOOH9HUELQGXQJHQLQWDNWVLQGVFKDOWHQ6LH GDV*HUlWZLHGHUHLQ 6HOEVWKLOIH )(+/(581'0g*/, &+(856$&+(1 'HU3RFNHW3&UHDJLHUWQLFKWPHKU · · · 'UFNHQ6LHGLH5FNVHW]WDVWHVLHKH6HLWH 6LHKH, QIRUPDWLRQHQDXI6HLWH 6LHN|QQHQLQGHQ(LQVWHOOXQJHQGHV3URJUDPPV $FWLYH6\QFJHQDXGHILQLHUHQZHOFKH5HJHOQEHL GHU6\QFKURQLVDWLRQDQJHZHQGHWZHUGHQ 5XIHQ6LHGD]XGLH+LOIHPLWGHU7DVWH)GHV 3URJUDPPVDXIXPGLH$XVZLUNXQJHQGHUHQW VSUHFKHQGHQ(LQVWHOOXQJHQNHQQHQ]XOHUQHQ 'HU3RFNHW3&ZLUGYRQ$FWLYH6\QFQXUDOV*DVWHUNDQQW (OHPHQWHZXUGHQYHUVHKHQWOLFKEHUVFKULHEHQ 'HU3RFNHW3&]HLJWDQGDVVQLFKWJHQJHQG6SHLFKHU YRUKDQGHQLVW · %HHQGHQ6LHJJIQLFKWEHQ|WLJWH3URJUDPPH XPZLHGHUJHQJHQG$UEHLWVVSHLFKHU]XHUKDO WHQ%HHQGHQ6LHGD]XXQWHU6WDUWÖ(LQVWHO OXQJHQÖ6SHLFKHUÖ/DXIHQGH3URJUDPPH GLHQLFKWPHKUEHQ|WLJWHQ$QZHQGXQJHQ (QWIHUQHQ6LHQLFKWEHQ|WLJWH'DWHLHQ. RQWURO OLHUHQ6LHGLHWHPSRUlUHQ, QWHUQHWGDWHLHQ0XO WLPHGLDGDWHLHQ03$9, %03HWFN|QQHQ VHKUJURVHLQ3UIHQ6LHRE6LHGLHVHQRFK EHQ|WLJHQ · 1DFKGHU, QVWDOODWLRQYRQ$FWLYH6\QFHUKDOWHLFK)HK OHUPHOGXQJHQYRQHLQHP:DUWXQJVSURJUDPP · 'DV3URJUDPPOHJWLPYRP6\VWHPGHILQLHUWHQ WHPSRUlUHQ2UGQHUGLH'DWHL:&(6&200/2* DQGLHQLFKWJHO|VFKWZHUGHQNDQQ:LUGGLHV YRQHLQHPDQGHUHQ3URJUDPPYHUVXFKWHU VFKHLQWHLQHHQWVSUHFKHQGH)HKOHUPHOGXQJ 'HXWVFK 'HU*36(PSIlQJHUNDQQQLFKWLQLWLDOLVLHUWZHUGHQ )DOOVWURW]NRUUHNWHU, QVWDOODWLRQGHV6\VWHPVZHLWHUKLQ GDV*366\PERO*36DXIGHP%LOGVFKLUPGHV3RFNHW 3&VDQJH]HLJWZLUGNDQQGDVIROJHQGH8UVDFKHQKDEHQ · 'HU*36(PSIlQJHULVWDXIHLQHQDQGHUHQ$QVFKOXVV DOVGHQ&203RUWGHV3RFNHW3&VNRQILJXULHUW $EKLOIH 7LSSHQ6LHLP+DXSWPHQDXI(LQVWHOOXQJHQ :lKOHQ6LHLP)HQVWHU(LQVWHOOXQJHQDXVGHU /LVWH*36. RQILJXUDWLRQ $NWLYLHUHQ6LH&20XQGEHREDFKWHQ6LHGDEHL GDVLQGHUREHUHQUHFKWHQ(FNHHLQJHEOHQGHWH *366\PERO6REDOGGLHVHVYRQ*36DXI*36 GLH=DKO]HLJWDQZLHYLHOH6DWHOOLWHQHPSIDQ JHQZHUGHQZHFKVHOWKDEHQ6LHGHU&203RUW DNWLYLHUW 7LSSHQ6LHDXIbQGHUXQJHQVLFKHUQ · 'HU*36(PSIlQJHUZLUGQLFKWPLW6WURPYHU VRUJW'LHJUQH/HXFKWGLRGHDP6WURPYHUVRU JXQJVVWHFNHUOHXFKWHWQLFKW :HQQDXFKQDFKGHU. RQILJXUDWLRQGHV&20 3RUWVZHLWHUKLQGDV*366\PERO*36DQJH]HLJW ZLUGLVWHVP|JOLFKGDVV, KU)DKU]HXJNHLQH SHUPDQHQWH6WURPYHUVRUJXQJKDW 6FKOLHHQ6LHGDV1DYLJDWLRQVSURJUDPP 6FKDOWHQ6LHGLH=QGXQJDQXQGVWDUWHQ6LHGDV 1DYLJDWLRQVSURJUDPPHUQHXW1XQVROOWHGDV *366\PERO*36QDFKNXU]HU=HLWDQJH]HLJW ZHUGHQ · +LQZHLV6FKDOWHQ6LHNQIWLJYRUMHGHP6WDUW ]XHUVWGLH=QGXQJHLQXQGVWDUWHQHUVWGDQQ GLH1DYLJDWLRQVVRIWZDUH $EKLOIH · 6HOEVWKLOIH %(1g7, *(16, (:(, 7(5(817(567h7=81*" :HQQGLH9RUVFKOlJHLQGHQYRUDQJHJDQJHQHQ$E VFKQLWWHQLKU3UREOHPQLFKWEHKREHQKDEHQQHKPHQ 6LHELWWH. RQWDNWPLWXQVDXI 6LHZUGHQXQVVHKUKHOIHQZHQQ6LHXQVIROJHQGH , QIRUPDWLRQHQ]XU9HUIJXQJVWHOOHQ - :LHVLHKW, KUH. RQILJXUDWLRQDXV" - :DVIU]XVlW]OLFKHQ3HULSKHULHJHUlWHQXW]HQ6LH" - :HOFKH0HOGXQJHQHUVFKHLQHQDXIGHP%LOGVFKLUP" - :HOFKH 6RIWZDUH KDEHQ 6LH EHLP $XIWUHWHQ GHV )HKOHUVYHUZHQGHW" - :HOFKH6FKULWWHKDEHQ6LH]XU/|VXQJGHV3URE OHPVEHUHLWVXQWHUQRPPHQ" - :HQQ6LHEHUHLWVHLQH. XQGHQQXPPHUHUKDOWHQ KDEHQWHLOHQ6LHXQVGLHVHPLW 'HXWVFK *$5$17, (%(', 1*81*(1 'LH(PSIDQJVTXLWWXQJJLOWDOV%HOHJIUGHQ(UVWNDXIXQGVROOWHJXW DXIEHZDKUWZHUGHQ6LHZLUGIUGLH, QDQVSUXFKQDKPHYRQ*DUDQ WLHOHLVWXQJHQEHQ|WLJW, KUHJHVHW]OLFKHQ5HFKWHZHUGHQGXUFK GLHVH*DUDQWLHEHGLQJXQJHQQLFKWHLQJHVFKUlQNW :LUGGDV3URGXNWDQHLQHQDQGHUHQ%HQXW]HUZHLWHUJHJHEHQVRKDW GLHVHUIUGHQ5HVWGHU*DUDQWLH]HLW$QVSUXFKDXI*DUDQWLHOHLVWXQJHQ 'HU. DXIEHOHJVRZLHGLHVH(UNOlUXQJVROOWHQEHLGHU:HLWHUJDEHLQ VHLQHQ%HVLW]EHUJHKHQ:LUJDUDQWLHUHQGDVVGLHVHV*HUlWLQ HLQHPIXQNWLRQVIlKLJHQ=XVWDQGLVWXQGLQWHFKQLVFKHU+LQVLFKWPLW GHQ%HVFKUHLEXQJHQLQGHUEHLJHIJWHQ'RNXPHQWDWLRQEHUHLQ VWLPPW'LHYHUEOHLEHQGH*DUDQWLHIULVWJHKWEHL9RUODJHGHV. DXI EHOHJVYRQ2ULJLQDOWHLOHQDXIGLHHQWVSUHFKHQGHQ(UVDW]WHLOHEHU :HQQ6LHGLHVHV*HUlW]XU, QDQVSUXFKQDKPHYRQ*DUDQWLHOHLVWXQ JHQHLQUHLFKHQPVVHQ6LH]XYRUVlPWOLFKH3URJUDPPH'DWHQ XQGKHUDXVQHKPEDUH6SHLFKHUPHGLHQHQWIHUQHQ3URGXNWHGLH RKQH=XEHK|UHLQJHVFKLFNWZHUGHQZHUGHQRKQH=XEHK|UHUVHW]W 'LH*HZlKUOHLVWXQJVSIOLFKWJLOWQLFKWIUGHQ)DOOGDVVGDV3UREOHP GXUFKHLQHQ8QIDOOHLQH. DWDVWURSKH9DQGDOLVPXV0LVVEUDXFK XQVDFKJHPlH%HQXW]XQJ0LVVDFKWXQJGHU6LFKHUKHLWVXQG :DUWXQJVYRUVFKULIWHQ9HUlQGHUXQJGXUFK6RIWZDUH9LUHQE]Z HLQDQGHUHV*HUlWRGHU=XEHK|URGHUGXUFKVRQVWLJHQLFKWYRQ XQVJHQHKPLJWH0RGLILNDWLRQHQYHUXUVDFKWZXUGH'LHVHHLQJH VFKUlQNWH*DUDQWLHHUNOlUXQJHUVHW]WDOOHDQGHUHQ*DUDQWLHQDXV GUFNOLFKHURGHULPSOL]LWHU1DWXU 'LHVVFKOLHWGLH*DUDQWLHGHU9HUNDXIEDUNHLWRGHUGHU(LJQXQJIU HLQHQEHVWLPPWHQ=ZHFNHLQEHVFKUlQNWVLFKMHGRFKQLFKWGDUDXI , QHLQLJHQ/lQGHUQLVWGHU$XVVFKOXVVLPSOL]LWHU*DUDQWLHQJHVHW] OLFKQLFKW]XOlVVLJ , QGLHVHP)DOOHLVWGLH*OWLJNHLWDOOHUDXVGUFNOLFKHQXQGLPSOL]L WHQ*DUDQWLHQDXIGLH*DUDQWLHSHULRGHEHVFKUlQNW0LW$EODXIGLH VHU3HULRGHYHUOLHUHQVlPWOLFKH*DUDQWLHQLKUH*OWLJNHLW, QHLQL JHQ/lQGHUQLVWHLQH%HJUHQ]XQJGHU*OWLJNHLWVGDXHULPSOL]LWHU *DUDQWLHQJHVHW]OLFKQLFKW]XOlVVLJVRGDVVGLHRELJH(LQVFKUlQ NXQJQLFKWLQ. UDIWWULWW)DOOV6LHEH]JOLFKGLHVHU*DUDQWLHEHGLQ JXQJHQ)UDJHQKDEHQZHQGHQ6LHVLFKDQXQV 6HOEVWKLOIH +DIWSIOLFKWEHVFKUlQNXQJ 'HU, QKDOWGLHVH%HGLHQXQJVDQOHLWXQJXQWHUOLHJWXQDQJHNQGLJ WHQbQGHUXQJHQGLHGHPWHFKQLVFKHQ)RUWVFKULWW5HFKQXQJWUDJHQ +HUVWHOOHUXQG9HUWULHEN|QQHQNHLQH9HUDQWZRUWXQJIU6FKlGHQ GLHDOV)ROJHYRQ)HKOHUQRGHU$XVODVVXQJHQGHULQGLHVHU%HGLH QXQJVDQOHLWXQJEHUHLWJHVWHOOWHQ, QIRUPDWLRQHQHQWVWDQGHQVLQG EHUQHKPHQ:LUKDIWHQXQWHUNHLQHQ8PVWlQGHQIU 9RQGULWWHU6HLWHJHJHQ6LHHUKREHQH)RUGHUXQJHQ DXIJUXQGYRQ9HUOXVWHQRGHU%HVFKlGLJXQJHQ 9HUOXVWRGHU%HVFKlGLJXQJ, KUHU$XI]HLFKQXQJHQ RGHU'DWHQ gNRQRPLVFKH)ROJHVFKlGHQHLQVFKOLHOLFKYHUORUHQHU *HZLQQHRGHU(LQVSDUXQJHQRGHU%HJOHLWVFKlGHQ DXFKLQGHP)DOOGDVVZLUEHUGLH0|JOLFKNHLWVRO FKHU6FKlGHQLQIRUPLHUWZRUGHQVLQG , QHLQLJHQ/lQGHUQLVWGHU$XVVFKOXVVRGHUGLH%HJUHQ]XQJ YRQ%HJOHLWRGHU)ROJHVFKlGHQJHVHW]OLFKQLFKW]XOlVVLJVR GDVVGLHRELJH(LQVFKUlQNXQJQLFKWLQ. UDIWWULWW 9HUYLHOIlOWLJXQJGLHVHU%HGLHQXQJVDQOHLWXQJ 'LHVHV'RNXPHQWHQWKlOWJHVHW]OLFKJHVFKW]WH, QIRUPDWLRQHQ$OOH 5HFKWHYRUEHKDOWHQ9HUYLHOIlOWLJXQJLQPHFKDQLVFKHUHOHNWURQL VFKHUXQGMHGHUDQGHUHQ)RUPRKQHGLHVFKULIWOLFKH*HQHKPLJXQJ GHV+HUVWHOOHUVLVWYHUERWHQ 'HXWVFK 0, &5262)7(1'%(187=(59(575$*(8/$ (8/$%HVWLPPXQJHQ · 6LHKDEHQHLQ*HUlW*(5b7HUZRUEHQGHP6RIWZDUHEH LOLHJWGLH YRQ0(', 21YRQ0LFURVRIW/LFHQVLQJ, QFRGHUGHUHQ7RFKWHUILUPHQ 06OL]HQ]LHUWZXUGH'LHVHYRQ06VWDPPHQGHQLQVWDOOLHUWHQ6 RIW ZDUHSURGXNWHVRZLHGD]XJHK|ULJH0HGLHQJHGUXFNWH0DWHULD OLHQXQG 'RNXPHQWDWLRQLP2QOLQHRGHUHOHNWURQLVFKHQ)RUPDW62)7:$5( VLQGGXUFKLQWHUQDWLRQDOH*HVHW]HXQG$ENRPPHQEHUJHLVWLJHV(LJH Q WXPJHVFKW]W'LH62)7:$5(ZLUGOL]HQ]LHUWQLFKWYHUNDXIW$OOH5HF K WHYRUEHKDOWHQ=XU62)7:$5(JHK|UW6RIWZDUHGLHEHUHLWVDXIGHP *(5b7LQVWDOOLHUWLVW*(5b7(6RIWZDUHXQG066RIWZDUHGLHVLFK DXIGHU&'520EHILQGHW%HJOHLW&' )$//66, (0, 7', (6(0(1'%(187=(5/, =(1=9(575$*(8/$ 1, &+7(, 19(567$1'(16, 1'6, 1'6, (1, &+7%(5(&+7, *7'$6 *(5b7=89(5:(1'(12'(5', (62)7:$5(=8. 23, (5(16(7=(1 6, (6, &+67$77'(66(1819(5=h*/, &+0, 70(', 21, 1 9(5%, 1'81*80'257=8(5)$+5(1:, (6, ('$6', ( 81%(187=7(1*(5b7(*(*(15h&. (567$7781*'(6. $8)35(, 6(6 =85h&. *(%(1. g11(1-(*/, &+(9(5:(1'81*'(5 62)7:$5((, 16&+/, (66/, &+$%(51, &+7%(6&+5b1. 7$8) ', (9(5:(1'81*$8)'(0*(5b767(//7, +5(=867, 0081* =8', (6(0(8/$2'(5, +5(%(67b7, *81*(, 1(5 925+(5, *(1=867, 0081*'$5 · *(:b+581* (, 1(5 62)7:$5(/, =(1= 'XUFK GLHVHV (8/$ ZLUG , KQHQ GLHIROJHQGH/L]HQ]JHZlKUW · · *(5b7(6RIWZDUH6LHVLQGEHUHFKWLJWGLH*(5b7(6RIWZDUHZLHDXI GHP*(5b7LQVWDOOLHUW]XYHUZHQGHQ %(*/(, 7&''HP*(5b7OLHJWHLQH%HJOHLW&'EHLXQG6LHVLQGEH UHFKWLJWGLH. RPSRQHQWH0LFURVRIW$FWLYH6\QFDXIHLQHP RGHUPHKUHUHQ&RPSXWHUQ]XLQVWDOOLHUHQXQG]XP$XVWDXVFKYRQ, Q IRUPDWLRQHQPLWHLQHPRGHUPHKUHUHQ&RPSXWHUQ]XYHUZHQGHQ GLHHLQHNRPSDWLEOH9HUVLRQGHV%HWULHEVV\VWHPV0LFURVRIW3RFNHW3& 6RIWZDUHHQWKDOWHQ)UDQGHUHDXIGHU%HJOHLW&'HQWKDOWHQH 6RIWZDUHNRPSRQHQWHQJLOWGDVV6LHVROFKH. RPSRQHQWHQQXUJHPl GHQ%HVWLPPXQJHQGHVPLWVROFKHQ. RPSRQHQWHQJHOLHIHUWHQJHGUXF N WHQRGHU2QOLQH(QGEHQXW]HU/L]HQ]YHUWUDJVLQVWDOOLHUHQXQGYHUZHQGHQ GUIHQ)DOOVIUHLQ]HOQH. RPSRQHQWHQGHU%HJOHLW &'NHLQ(QGEHQXW ]HU/L]HQ]YHUWUDJHQWKDOWHQLVWGUIHQ6LHHLQH. RSLHVROFKHU. R P SRQHQWHQDXIGHP*(5b7RGHUHLQHPHLQ]LJHQ&RPSXWHULQVWDOOLHUHQ XQGYHUZHQGHQPLWGHP6LHGDV*(5b7YHUZHQGHQ 0LFURVRIW2XWORRN )DOOVGHP*HUlW0LFURVRIW2XWORRN EHLOLHJWJHOWHQIU, KUH9HUZHQGXQJYRQ0LFURVRIW2XWORRN GLHIRO JHQGHQ%HVWLPPXQJHQLXQJHDFKWHWGHU, QIRUPDWLRQHQLP$EVFKQLWW , QVWDOODWLRQXQG9HUZHQGXQJGHU6RIWZDUHLP2QOLQH (8/$VLQG6LH EHUHFKWLJWHLQH. RSLHYRQ0LFURVRIW2XWORRNDXIHLQHP &RPSXWHU]XLQVWDOOLHUHQXPVLH]XYHUZHQGHQ'DWHQDXV]XWDXVFKHQ 'DWHQIUHL]XJHEHQDXIGDV*(5b7]X]XJUHLIHQVRZLHPLWGLHVHP]XL Q WHUDJLHUHQXQGLLGDV(8/$IU0LFURVRIW2XWORRN ZLUG]ZLVFKHQ 0(', 21XQGGHP(QGEHQXW]HUJHVFKORVVHQ±QLFKW]ZLVFKHQGHP3& +HUVWHOOHUXQGGHP(QGEHQXW]HU · 6HOEVWKLOIH · 6LFKHUKHLWVXSGDWHV9HUZDOWXQJGLJLWDOHU5HFKWH , QKDOWVDQELHWHU YHUZHQGHQGLHLQGLHVHU6RIWZDUHHQWKDOWHQH7HFKQRORJLH]XU9HUZD OWXQJ GLJLWDOHU5HFKWH'50XPGLH, QWHJULWlWLKUHV, QKDOWV]XVFKW]HQ 6L FKHUHU, QKDOWGDPLWLKUJHLVWLJHV(LJHQWXPHLQVFKOLHOLFK8UKHEHUUHF K WHDQGLHVHP, QKDOWQLFKWHQWZHQGHWZLUG7HLOHGLHVHU6RIWZDUHXQG$ Q ZHQGXQJHQYRQ'ULWWDQELHWHUQZLHHWZD0HGLHQZLHGHUJ DEHDQZHQGXQJHQ YHUZHQGHQ'50]XP:LHGHUJHEHQVLFKHUHQ, QKDOWV'506RIWZDUH :HQQGLH6LFKHUKHLWGHU'506RIWZDUHJHIlKUGHWLVWN|QQHQ(LJHQWPHU YRQVLFKHUHP, QKDOW(LJHQWPHUVLFKHUHQ, QKDOWVYHUODQJHQGDVV06 GLH5HFKWHGHU'506RIWZDUHZLGHUUXIWVLFKHUHQ, QKDOW]XNRSLHUHQDQ ]X]HLJHQXQGRGHUZLHGHU]XJHEHQ'HU:LGHUUXIlQGHUWQLFKWGLH)lKLJNHLW GHU'506RIWZDUHXQJHVFKW]WHQ, QKDOWZLHGHU]XJHEHQ(LQH/LVWHZLGH U UXIHQHU'506RIWZDUHZLUGMHGHV0DOZHQQ6LHHLQH/L]HQ]IUVLFKHUHQ , QKDOWDXVGHP, QWHUQHWGRZQORDGHQDQ, KUHQ&RPSXWHUJHVHQGH W'DKHU HUNOlUHQ6LHVLFKGDPLWHLQYHUVWDQGHQGDVV06LQ9HUELQGXQJPLWGLHVHU /L]HQ]EHUHFKWLJWLVWLP$XIWUDJYRQ(LJHQWPHUQYRQVLFKHUHP, QKDOW DXFK:LGHUUXIVOLVWHQDXI, KUHQ&RPSXWHU]XGRZQORDGHQ06YHUSIOLFKWHW VLFKEHLP'RZQORDGHQVROFKHU:LGHUUXIVOLVWHQZHGHUSHUV|QOLFKH, QIRU PDWLRQHQQRFKVRQVWLJH, QIRUPDWLRQYRQ, KUHP&RPSXWHUDE]XUXIHQ( L JHQWPHUVLFKHUHQ, QKDOWVYHUODQJHQYRQ, KQHQP|JOLFKHUZHLVHDXFK GDVV6LHHLQLJHGHU'50. RPSRQHQWHQLQGLHVHU6RIWZDUHDNWXDOLVLHUHQ '508SGDWHVEHYRU6LHDXIGHUHQ, QKDOW]XJUHLIHQ:HQQ6LHYHUVX FKHQVROFKHQ, QKDOWZLHGHU]XJHEHQZLUG6LHGLH06'506RIWZDUHEH QDFKULFKWLJHQGDVVHLQ'508SGDWHHUIRUGHUOLFKLVWXQG6LHGDQQXP, KUH =XVWLPPXQJELWWHQEHYRUGDV'508SGDWHJHGRZQORDGHWZLUG'50 6RIWZDUHYRQ'ULWWDQELHWHUQYHUKlOWVLFKP|JOLFKHUZHLVHJHQDXVR:HQQ 6LHGDV8SGDWHDEOHKQHQZHUGHQ6LHQLFKWDXI, QKDOW]XJUHLIHQN|QQHQ IUGHQGDV'508SGDWHHUIRUGHUOLFKLVW6LHN|QQHQMHGRFKZHLWHUKLQDXI XQJHVFKW]WHQ, QKDOWXQGDXIVLFKHUHQ, QKDOW]XJUHLIHQIUGHQGDV8S GDWHQLFKWHUIRUGHUOLFKLVW 6SUDFK+DQGVFKULIWHQHUNHQQXQJ )UGHQ)DOOGDVVGLH62)7:$5( HLQHRGHUPHKUHUH. RPSRQHQWHQ]XU6SUDFKXQGRGHU+DQGVFKULIWHQ HUNHQQXQJHQWKlOWZLUGGDUDXIKLQJHZLHVHQGDVVHVVLFKEHLGHU 6SUDFKXQG+DQGVFKULIWHQHUNHQQXQJJUXQGVlW]OLFKXPVWDWLVWLVFKH3U R ]HVVHKDQGHOWXQGGDVVEHLGHU(UNHQQXQJ, KUHU+DQGVFKULIWGXUFKGLH . RPSRQHQWHVRZLHEHLGHUHQGJOWLJHQ. RQYHUWLHUXQJLQ7H[W)HKOHU DXIWUHWHQN|QQHQ:HGHU0(', 21QRFKGHUHQ/LHIHUDQWHQN|QQHQIU 6FKlGHQKDIWEDUJHPDFKWZHUGHQGLHGXUFK)HKOHULP6SUDFK XQG +DQGVFKULIWHQHUNHQQXQJVSUR]HVVHQWVWDQGHQVLQG (LQVFKUlQNXQJHQLP+LQEOLFNDXI=XUFNHQWZLFNOXQJ5HYHUVH (QJLQHHULQJ'HNRPSLOLHU XQJXQG'LVDVVHPEOLHUXQJ6LHVLQG QLFKWEHUHFKWLJWGLH62)7:$5(]XUFN]XHQWZLFNHOQ]XGHNRPSLOLHUHQ RGHU]XGLVDVVHPEOLHUHQHVVHLGHQQGDVVXQGQXULQVRZHLWGLHVH(L Q VFKUlQNXQJGXUFKGDVDQZHQGEDUH5HFKWDXVGUFNOLFKXQWHUVDJWLVW (LQ]LJHV*(5b7'LH*(5b7(6RIWZDUHZLUGLQ9HUELQGXQJPLWGHP *(5b7DOVHLQKHLWOLFKHVLQWHJULHUWHV3URGXNWOL]HQ]LHUW'LH*(5b7( 6RIWZDUHGLHLP5205HDG2QO\0HPRU\ 1XU/HVH6SHLFKHUGHV *(5b76LQVWDOOLHUWLVWGDUIQXUDOV7HLOGHV*(5b76YHUZHQGHWZH UGHQ (LQ]LJHV(8/$'DV3DNHWIUGDV*(5b7HQWKlOWP|JOLFKHUZHLVHPH K UHUH9HUVLRQHQGLHVHV(8/$VZLH]%PHKUHUHhEHUVH W]XQJHQXQGRGHU 0HGLHQYHUVLRQHQGLHVHV(8/$V]%LP%HQXW]HUKDQGEXFKXQGLQGHU %(6&+5(, %81*$1'(5(55(&+7(81'(, 16&+5b1. 81*(1 · · · · 'HXWVFK 6RIWZDUH6HOEVWZHQQ6LHPHKUHUH9HUVLRQHQGHV(8/$VHU KDOWHQYHU IJHQ6LHQXUEHUHLQH/L]HQ]IUHLQH. RSLHGHU*(5b7( 6RIWZDUH · . (, 1(9(50, (781*6LHVLQGQLFKWEHUHFKWLJWGLH62)7:$5(]X YHUPLHWHQ]XYHUOHDVHQRGHU]XYHUOHLKHQDXHUZHQQGLHVYRQ 0(', 21IUJHOHDVWH+DUGZDUHVSH]LHOODXWRULVLHUWZXUGH *(1(+0, *7(5=86b7=/, &+(57(;7)$//6'$6*(5b7*(/($67, 67 *(/($67(+$5':$5()DOOV6LHGDV*(5b7XQWHUGHQ%HVWLPPXQJHQHLQHV /HDVLQJYHUWUDJVYRQ0(', 21RGHUHLQHP'ULWWYHUWUHWHUYRQ0(', 21HUKDOWHQ JHOWHQGLHIROJHQGHQ]XVlW]OLFKHQ%HVWLPPXQJHQL6LHVLQGQLFKWEHUHFKWLJW GLH62)7:$5(DOV7HLOGHUhEHUWUDJXQJGHV*(5b76DQHLQHQDQGHUHQ%HQX W]HU ]XEHUWUDJHQXQDEKlQJLJGDYRQREHLQHGDXHUKDIWHhEHUWUDJXQJGHU 62)7:$5(]XVDPPHQPLWGHP*(5b7LQGLHVHP(8/$D QGHUZHLWLJJHVWDWWHW ZLUGRGHUQLFKWLL, KUH5HFKWHLQ%H]XJDXI8SGDWHVGHU62)7:$5(ZHUGHQ GXUFKGHQ/HDVLQJYHUWUDJIHVWJHOHJWGHQ6LHIUGDV*(5b7XQWHU]HLF KQHW KDEHQXQGLLL6LHVLQGQLFKWEHUHFKWLJWGLH62)7:$5(QDFK$EODXI, KUHV /HDVLQJYHUWUDJV]XYHUZHQGHQHVVHLGHQQ6LHNDXIHQGDV*(5b7YRQ0(', 21 · 6RIWZDUHEHUWUDJXQJ6LHVLQGEHUHFKWLJWDOOH, KUH5HFKWHDXVGLHVHP (8/$GDXHUKDIW]XEHUWUDJHQYRUDXVJHVHW]WGLHhEH UWUDJXQJHUIROJWDOV 7HLOHLQHV9HUNDXIVRGHUHLQHUhEHUWUDJXQJGHV*(5b766LHEHKDOWHQNH L QH. RSLHQ]XUFN6LHEHUWUDJHQGLHYROOVWlQGLJH62)7:$5(HLQVFKOLH OLFKDOOHU. RPSRQHQWHQGHU0HGLHQXQGGHUJHGUXFNWHQ0DWHULDOLHQDOOHU 8SGDWHVGLHVHV(8/$VXQGVRIHUQDQZHQGEDUGHVGHU&HUWLILFDWHVRI$ X WKHQWLFLW\(FKWKHLWV]HUWLILNDWXQGGLHGHU(PSIlQJHULQVWLPPWGHQ%H VWLPPXQJHQGLHVHV(8/$V]X6RIHUQGLH62)7:$5(HLQ8 SGDWHLVWPXVV MHGHhEHUWUDJXQJDXFKDOOHIUKHUHQ9HUVLRQHQGHU62)7:$5(XPIDVVHQ . QGLJXQJ8QEHVFKDGHWVRQVWLJHU5HFKWHVLQG0(', 21XQG06EHUHFK WLJWGLHVHV(8/$]XNQGLJHQVRIHUQ6LHJHJHQGLH%HVWLPPXQJHQGLHVHV (8/$VYHUVWRHQ, QHLQHPVROFKHQ)DOOVLQG6LHYHUSIOLFKWHWVlPWOLFKH . RSLHQGHU62)7:$5(XQGDOOHLKUH. RPSRQHQWHQ]XYH UQLFKWHQ · 83'$7(681':, ('(5+(567(//81*60(', (1 · *(5b7(6RIWZDUH)DOOVGLH*(5b7(6RIWZDUHYRQ0(', 21JHWUHQQW YRP*(5b7DXIHLQHP520&KLSHLQHURGHUPHKUHUHQ&'VRGHUEHUHL QHQ:HEGRZQORDGRGHUDXIDQGHUHP:HJHJHOLHIHUWZXUGHXQGDOV1XU IU8SGDWH=ZHFNHJHNHQQ]HLFKQHWLVWVLQG6LHEHUHFKWLJWHLQH. RSLH GLHVHU*(5b7(6RIWZDUHDXIGHP*(5b7DOV(UVDW]IUGLHYRUKDQGHQH *(5b7(6RIWZDUH]XLQVWDOOLHUHQXQGLQhEHUHLQVWLPPXQJPLWGLHVHP (8/$]XYHUZHQGHQ %(*/(, 7&')DOOVHLQHRGHUPHKUHUH6RIWZDUHNRPSRQHQWHQYRQ 0(', 21JHWUHQQWYRP*(5b7DXIHLQHURGHUPHKUHUHQ&'VRGHU EHUHL QHQ:HEGRZQORDGRGHUDXIDQGHUHP:HJHJHOLHIHUWZXUGHQXQGDOV1XU IU8SGDWH=ZHFNHJHNHQQ]HLFKQHWVLQGVLQG6LHEHUHFKWLJWHLQH. [. . . ] [. . . ]