*87$&+7(1]XU$%(1UQDFK6W9=2
$QODJH]XP3UIEHULFKW1U $XVIHUWLJXQJ
3UIJHJHQVWDQG 3.:6RQGHUUDG-[ +7\S:+
+HUVWHOOHU :KHHOZRUOG*PE+
6HLWHYRQ
$XIWUDJJHEHU :KHHOZRUOG*PE+
+WWHQVWUDH
,OVHQEXUJ
401U
3UIJHJHQVWDQG 3.:6RQGHUUDG
0RGHOO :+
7\S :+
5DGJU|H -[ +
=HQWULHUDUW 0LWWHQ]HQWULHUXQJ
$XV .HQQ]HLFKQXQJ5DG=HQWULHUULQJ /RFK]DKO (LQSUHVV 5DG $EUROOXPIDQJ
IKUXQJ /RFKNUHLV PP WLHIH ODVW PP
0LWWHQORFK¡ PP NJ
PP
$ :+ $[
.HQQ]HLFKQXQJHQ
.%$1XPPHU
+HUVWHOOHU]HLFKHQ ZKHHOZRUOG
5DGW\SXQG$XVIKUXQJ :+ VR
5DGJU|H -[ +
§22 55005*00
(LQSUHVVWLHIH (7 VR
+HUVWHOOGDWXP 0RQDWXQG-DKU
%HIHVWLJXQJVPLWWHO
1U $UWGHU%HIHVWLJXQJVPLWWHO %XQG $Q]XJVPRPHQW 6FKDIWOlQJH $UWLNHO1U
1P PP
6 6FKUDXEH0[ .XJHO 0)6
6 6HULHQVFKUDXEH0[ WOJ .XJHO 0)6
6 6FKUDXEH0[ .XJHO 0)6
6 6FKUDXEH0[ .XJHO 0)6
3UIXQJHQ
(QWVSUHFKHQGGHQ.ULWHULHQGHV9G7h90HUNEODWWHV LQGHUMHZHLOVJOWLJHQ)DVVXQJ ZXUGHQDQ
GHQLP9HUZHQGXQJVEHUHLFKDXIJHIKUWHQ)DKU]HXJHQ$QEDX)UHLJlQJLJNHLWVXQG
+DQGOLQJVSUIXQJHQGXUFKJHIKUW
9HUZHQGXQJVEHUHLFK
+HUVWHOOHU $XGL
0* 6DLF
6HDW
6NRGD
9RONVZDJHQ
6SXUYHUEUHLWHUXQJ LQQHUKDOE
7HFKQRORJLH]HQWUXP7\SSUIVWHOOH/DPEVKHLP.|QLJVEHUJHU6WUDHG'/DPEVKHLP
*87$&+7(1]XU$%(1UQDFK6W9=2
$QODJH]XP3UIEHULFKW1U $XVIHUWLJXQJ
3UIJHJHQVWDQG 3.:6RQGHUUDG-[ +7\S:+
+HUVWHOOHU :KHHOZRUOG*PE+
6HLWHYRQ
+DQGHOVEH]HLFKQXQJ N:%HUHLFK 5HLIHQ 5HLIHQEH]RJHQH$XIODJHQXQG $XIODJHQXQG
)DKU]HXJ7\S +LQZHLVH +LQZHLVH
$%((:*1U
$XGL$$OOURDG 5 ..7 $$$
)) 5 .D.E.E....7 $;6
H
5 .D.E.E....7
H
$XGL4 , 5 $$$
88 5 $99
H
5 $.D.E 6
H
5 $.D.E
5 $.D.E.Y
$XGL4 , 5 $$$
88 5 $.099
H
5 9 6
H
5
PLW5DGKDXV 5 $.Y
9HUEUHLWHUXQJHQ
$XGL46SRUWEDFN 5 .F.E $$$
,, 5 .F.E $$0S+
) 5 .F.E 6
§22 55005*00
H
5 .F.E
5 .F.E
$XGL46SRUWEDFN 5 $$$
,, 5 $0S+
) 5 $.D.E.E 54
H
5 6
PLW5DGKDXV 5 $.D.E.E
9HUEUHLWHUXQJHQ
$XGL564 , 5 06 $$$
8 5 06 $.096
H
5
5 $.Y
$XGL564 5 06 $$$
6SRUWEDFN ,, 5 06 $6
) 5 $.D.E.E06
H
5 06
5 $.D.E.E06
$XGL56 5 06 $$$
4% %Q.&DU&ER
H
/LP6
0*(+6 5; 3+(9 5 $$$
$63/ 5 $.D.L.Z $9 6
H
5 $.D.E.L.[.Z.D
3OXJLQ+\EULG
0*+6 5 $$$
$6 5 $.D.L.Z $9 6
H
5 $.D.E.L.[.Z.D
7HFKQRORJLH]HQWUXP7\SSUIVWHOOH/DPEVKHLP.|QLJVEHUJHU6WUDHG'/DPEVKHLP
*87$&+7(1]XU$%(1UQDFK6W9=2
$QODJH]XP3UIEHULFKW1U $XVIHUWLJXQJ
3UIJHJHQVWDQG 3.:6RQGHUUDG-[ +7\S:+
+HUVWHOOHU :KHHOZRUOG*PE+
6HLWHYRQ
+DQGHOVEH]HLFKQXQJ N:%HUHLFK 5HLIHQ 5HLIHQEH]RJHQH$XIODJHQXQG $XIODJHQXQG
)DKU]HXJ7\S +LQZHLVH +LQZHLVH
$%((:*1U
0*=6(9 5 *.E.L.L.Z.G.[ $$$
=66=6 5 .E.L.Z.L.[.G.\.E $$)OK
H
.H 6
H
(OHNWUR
&XSUD)RUPHQWRU 5 .F06 $$$
.0 5 .F.E.Z06 $$1R3
H
5 .F.F.V.Y.\.H 6
&XSUD)RUPHQWRU 5 .F.F.V.Y.\.H $$$
.0 $$1R3
H
6
DE)DFHOLIW
&XSUD)RUPHQWRUH 5 .F065 $$$
+\EULG 5 .F.E.Z065 $$6
.0 5 .F.F.V.Y.\.H
H
3OXJLQ+\EULG
§22 55005*00
&XSUD)RUPHQWRUH 5 .F.F.V.Y.\.H $$$
+\EULG $$6
.0
H
3OXJLQ+\EULG
DE)DFHOLIW
&XSUD)RUPHQWRU9= 5 .F065 $$$
.0 5 .F.E.Z065 $$1R3
H
5 .F.F.V.Y.\.H 6
&XSUD)RUPHQWRU9= 5 .D.E.E.Z.H06 $$$
.0 $$.09
H
6
&XSUD7DYDVFDQ 5 .F065 $$$
.5 5 .F.F.Z.K06 $$9
H
==6
(OHNWUR
PLW=ROO
6HULHQEHUHLIXQJ
6HDW$OKDPEUD 5 .E7 $$$
1 5 .D.F7 $$6
H
H
LQFO)DFHOLIW
6HDW7DUUDFR 5 .F7 7 $$$
.1 5 .F.D.E.Y.Z $$0S+
H
5 .F.E.Z 6
RKQH)5/LQH 5 .F.D.E.Y.Z
7HFKQRORJLH]HQWUXP7\SSUIVWHOOH/DPEVKHLP.|QLJVEHUJHU6WUDHG'/DPEVKHLP
*87$&+7(1]XU$%(1UQDFK6W9=2
$QODJH]XP3UIEHULFKW1U $XVIHUWLJXQJ
3UIJHJHQVWDQG 3.:6RQGHUUDG-[ +7\S:+
+HUVWHOOHU :KHHOZRUOG*PE+
6HLWHYRQ
+DQGHOVEH]HLFKQXQJ N:%HUHLFK 5HLIHQ 5HLIHQEH]RJHQH$XIODJHQXQG $XIODJHQXQG
)DKU]HXJ7\S +LQZHLVH +LQZHLVH
$%((:*1U
6HDW7DUUDFR)5 5 7 7 $$$
.1 5 $.D.E.Y.Z $0S+
H
5 $.Z 54
5 $.D.E.Y.Z 6
6NRGD.RGLDT , 5 7 7 $$$
16 5 $.D.E.E $6
H
5 $.D.E
LQFO6FRXW 5 $.D.E.E
6NRGD.RGLDT ,, 5 .F.E $$$
36 5 .F.E.L.Z $$1R3
H
5 .F.E.L.Z 6
5 .F.E.L.L.Y.Z.H
6NRGD.RGLDT ,, 5 .F.E $$$
3+(9 5 .F.E.L.Z $$6
36 5 .F.E.L.Z
H
5 .F.E.L.L.Y.Z.H
3OXJLQ+\EULG
6NRGD6XSHUE ,,, 5 .E.E.G.I.L.G.K.L $$$
7 .P7 7 $$&DU
§22 55005*00
H
5 .F.F.G.I.L.G.K.L /LP1R39
.P77 9 6
H
5 .F.F.G.I.L.G.K.L
.P
H
5 .F.F.G.I.L.G.K.L
LQFO6FRXW .G.V7 7
6NRGD6XSHUE&RPEL 5 .F.J.L.L.P5 $$$
,9 5 .F.E.K.L.K $$&DU
1= 5 .F.E.I.K.L.I.L.K .291R3
H
99 6
6NRGD6XSHUE&RPEL 5 .F.E.K.L.K7 $$$
,9 3+(9 5 .F.E.I.K.L.I.L.K $$&DU
1= 5 .F.J.L.L.P57 .299 6
H
3OXJLQ+\EULG
6NRGD6XSHUEL9 ,,, 5 .E.E.G.I.L.G.K.L $$$
7 .P7 $$&DU
H
5 .F.F.G.I.L.G.K.L /LP9 6
3OXJLQ+\EULG .P7
5 .F.F.G.I.L.G.K.L
.P
5 .F.F.G.I.L.G.K.L
.G.V7
9:$UWHRQ6KRRWLQJ 5 7 7 $$$
%UDNH 5 $&DU/LP
+ 5 $.D.E 0S+6
H
5 $.F.E.E.G
7HFKQRORJLH]HQWUXP7\SSUIVWHOOH/DPEVKHLP.|QLJVEHUJHU6WUDHG'/DPEVKHLP
*87$&+7(1]XU$%(1UQDFK6W9=2
$QODJH]XP3UIEHULFKW1U $XVIHUWLJXQJ
3UIJHJHQVWDQG 3.:6RQGHUUDG-[ +7\S:+
+HUVWHOOHU :KHHOZRUOG*PE+
6HLWHYRQ
+DQGHOVEH]HLFKQXQJ N:%HUHLFK 5HLIHQ 5HLIHQEH]RJHQH$XIODJHQXQG $XIODJHQXQG
)DKU]HXJ7\S +LQZHLVH +LQZHLVH
$%((:*1U
9:$UWHRQ5 5 $.F.E.E.G $$$
6KRRWLQJ%UDNH5 $&DU/LP
+ 1R36
H
9:3DVVDW ,; 5 .F.J.L.L.P57 7 $$$
9DULDQW 5 .F.E.K.L.K7 7 $$&DU
&- 5 .F.E.I.K.L.I.L.K .291R3
H
99 6
9:3DVVDW ,; 5 .F.E.K.L.K7 $$$
9DULDQW3+(9 5 .F.E.I.K.L.I.L.K $$&DU
&- 5 .F.J.L.L.P57 .299 6
H
3OXJLQ+\EULG
9:3DVVDW 9,, 5 .K.\.K7 7 $$$
$OOWUDFN 5 .D.E.E.G.Z.K.\.P $$&DU
&F 7 .096
H
5 .F.E.V.G.Z.K.\.P
7 7
H
§22 55005*00
PLW5DGKDXV
9HUEUHLWHUXQJHQ
9:3DVVDW 9,,, 5 .F.E.K7 7 $$$
& 5 .F.F.F.L.L.P77 $$&DU
H
5 .F.F.F.L.L.P /LP1R39
5 .F.F.D.F.L.G.J.L 9 9R$6
/LPRXVLQH9DULDQW .P7 7
DE0- %*
LQFO)DFHOLIW
9:3DVVDW 9,,, 5 .L.\.K7 $$$
$OOWUDFN 5 .L.\.K $$&DU
& 5 .L.\.K .096
H
5 .D.V.Y.L.\.P
DE0- %*
LQFO)DFHOLIW
9:3KDHWRQ 5 .D.E7 $$$
'G 5 *.D.E77 $/LP6
H
5 .F.E577
H
'(
H
9:6KDUDQ ,, 5 .E7 $$$
1 5 .D.F7 $$6
H
H
LQFO)DFHOLIW
7HFKQRORJLH]HQWUXP7\SSUIVWHOOH/DPEVKHLP.|QLJVEHUJHU6WUDHG'/DPEVKHLP
*87$&+7(1]XU$%(1UQDFK6W9=2
$QODJH]XP3UIEHULFKW1U $XVIHUWLJXQJ
3UIJHJHQVWDQG 3.:6RQGHUUDG-[ +7\S:+
+HUVWHOOHU :KHHOZRUOG*PE+
6HLWHYRQ
+DQGHOVEH]HLFKQXQJ N:%HUHLFK 5HLIHQ 5HLIHQEH]RJHQH$XIODJHQXQG $XIODJHQXQG
)DKU]HXJ7\S +LQZHLVH +LQZHLVH
$%((:*1U
9:7LJXDQ ,, 5 .D.E.E $$$
1 5 .F.D.E $$0S+
H
5 .F.E 6
5 .F.D.E.Z
H
DE0RGHOO
LQFO)DFHOLIW
9:7LJXDQ ,, 5 .D.E.E $$$
$OOVSDFH 5 .F.D.E $$6
1 5 .F.E
H
5 .F.D.E.Z
LQFO)DFHOLIW
9:7LJXDQ ,, 5 $$$
$OOVSDFH5/LQH 5 $546
1 5
H
5 $.Z
LQFO)DFHOLIW
§22 55005*00
9:7LJXDQ ,, 5 5 06 $$$
1 5 06 $6
H
5 06
5 $.Z06
LQFO)DFHOLIW
9:7LJXDQ ,, 5/LQH 5 $$$
1 5 $0S+
H
5 54
5 $.Z 6
H
DE0RGHOO
LQFO)DFHOLIW
9:7LJXDQ ,,, 5 .F.E $$$
&7 5 .F.E $$1R3
H
5 .F.E 6
5 .F.E.L.Y.Z
9:7LJXDQ ,,, 3+(9 5 .F.E $$$
&7 5 .F.E $$6
H
5 .F.E
3OXJLQ+\EULG 5 .F.E.L.Y.Z
9:7LJXDQ ,,, 5/LQH 5 .D06 $$$
&7 5 .F06 $$1R3
H
5 .D06 546
5 .F.L.Y.Z06
9:7LJXDQ ,,, 5/LQH 5 .D06 $$$
3+(9 5 .F06 $$54
&7 5 .D06 6
H
5 .F.L.Y.Z06
3OXJLQ+\EULG
7HFKQRORJLH]HQWUXP7\SSUIVWHOOH/DPEVKHLP.|QLJVEHUJHU6WUDHG'/DPEVKHLP
*87$&+7(1]XU$%(1UQDFK6W9=2
$QODJH]XP3UIEHULFKW1U $XVIHUWLJXQJ
3UIJHJHQVWDQG 3.:6RQGHUUDG-[ +7\S:+
+HUVWHOOHU :KHHOZRUOG*PE+
6HLWHYRQ
$OOJHPHLQH+LQZHLVH
,P)DKU]HXJYRUJHVFKULHEHQH)DKU]HXJV\VWHPH]%5HLIHQGUXFNNRQWUROOV\VWHPHPVVHQQDFK
$QEDXGHU5lGHUIXQNWLRQVIlKLJEOHLEHQ
:LUGHLQHLQGLHVHP*XWDFKWHQDXIJHIKUWH5HLIHQJU|HYHUZHQGHWGLHQLFKWEHUHLWVLQGHQ
)DKU]HXJSDSLHUHQ XD)DKU]HXJVFKHLQ=XODVVXQJVEHVFKHLQLJXQJ,RGHU&2&3DSLHU JHQDQQWLVW
VRVLQGGLH$QJDEHQEHUGLH5HLIHQJU|HLQGHQ)DKU]HXJSDSLHUHQ )DKU]HXJVFKHLQE]ZEULHI
=XODVVXQJVEHVFKHLQLJXQJ, GXUFKGLH=XODVVXQJVVWHOOHEHULFKWLJHQ]XODVVHQ'LHVH%HULFKWLJXQJLVW
GDQQQLFKWHUIRUGHUOLFKZHQQGLH$%(GHV6RQGHUUDGHVHLQH)UHLVWHOOXQJYRQGHU3IOLFKW]XU
%HULFKWLJXQJGHU)DKU]HXJSDSLHUHHQWKlOW
'LHPLQGHVWHQVHUIRUGHUOLFKHQ*HVFKZLQGLJNHLWVEHUHLFKH PLW$XVQDKPHGHU063URILOH XQG
7UDJIlKLJNHLWHQGHU]XYHUZHQGHQGHQ5HLIHQVLQGGHQ)DKU]HXJSDSLHUHQ )DKU]HXJEULHIXQGVFKHLQ
=XODVVXQJVEHVFKHLQLJXQJ, ]XHQWQHKPHQ$EVFKOlJHGHU7UDJIlKLJNHLWDXIJUXQGGHU
)DKU]HXJK|FKVWJHVFKZLQGLJNHLWVLQG]XEHUFNVLFKWLJHQ
)DKU]HXJK|FKVW 7UDJIlKLJNHLW
JHVFKZLQGLJNHLW *HVFKZLQGLJNHLWVV\PERO *6<
9 : <
NPK
NPK
NPK
§22 55005*00
NPK
NPK
NPK
NPK
NPK
NPK
NPK
)HUQHUVLQGQXU5HLIHQHLQHU%DXDUWXQGDFKVZHLVHHLQHV5HLIHQW\SV]XOlVVLJ%HL9HUZHQGXQJ
XQWHUVFKLHGOLFKHU5HLIHQW\SHQDXI9RUGHUXQG+LQWHUDFKVHVLQGGLH+LQZHLVHGHV)DKU]HXJXQG
RGHU5HLIHQKHUVWHOOHUV]XEHDFKWHQ
'DV)DKUZHUNXQGGLH%UHPVDJJUHJDWHPVVHQPLW$XVQDKPHGHULQGHUHQWVSUHFKHQGHQ$XIODJH
DXIJHIKUWHQ8PUVWPDQDKPHQGHP6HULHQVWDQGHQWVSUHFKHQ'LH=XOlVVLJNHLWZHLWHUHU
9HUlQGHUXQJHQLVWJHVRQGHUW]XEHXUWHLOHQ
:LUGGDVVHULHQPlLJH(UVDW]UDGYHUZHQGHWVROOPLWPlLJHU*HVFKZLQGLJNHLWXQGQLFKWOlQJHUDOV
HUIRUGHUOLFKJHIDKUHQZHUGHQ(VPVVHQGLHVHULHQPlLJHQ%HIHVWLJXQJVWHLOHYHUZHQGHWZHUGHQ%HL
)DKU]HXJHQPLW$OOUDGDQWULHEGDUIQXUHLQ(UVDW]UDGPLWJOHLFKHU5HLIHQJU|HE]ZJOHLFKHP
$EUROOXPIDQJYHUZHQGHWZHUGHQ
'LH%H]LHKHUGHU5lGHUVLQGGDUDXIKLQ]XZHLVHQGDVVGHUYRP5HLIHQKHUVWHOOHUYRUJHVFKULHEHQH
5HLIHQIOOGUXFN]XEHDFKWHQLVW
%HWULIIW5lGHURKQH=HQWULHUULQJXQG)DKU]HXJW\SHQIUGLHGLH$QIRUGHUXQJHQGHU92 (8
JHOWHQ )DKU]HXJHGHU.ODVVHQ01XQG2LP6LQQHGHV$UWLNHOVGHU9HURUGQXQJ (8
2KQH*HQHKPLJXQJQDFK815HJHOXQJ1ULVWGLH9HUZHQGXQJGLHVHU5DG5HLIHQ.RPELQDWLRQ
QXU]XOlVVLJZHQQVLHQLFKWVHULHQPlLJYRP)DKU]HXJKHUVWHOOHUIUHLJHJHEHQLVW ]%(8
hEHUHLQVWLPPXQJVEHVFKHLQLJXQJ &2& RGHU)DKU]HXJSDSLHUH
7HFKQRORJLH]HQWUXP7\SSUIVWHOOH/DPEVKHLP.|QLJVEHUJHU6WUDHG'/DPEVKHLP
*87$&+7(1]XU$%(1UQDFK6W9=2
$QODJH]XP3UIEHULFKW1U $XVIHUWLJXQJ
3UIJHJHQVWDQG 3.:6RQGHUUDG-[ +7\S:+
+HUVWHOOHU :KHHOZRUOG*PE+
6HLWHYRQ
6SH]LHOOH$XIODJHQXQG+LQZHLVH
$ 1DFK'XUFKIKUXQJGHU7HFKQLVFKHQbQGHUXQJLVWGDV)DKU]HXJXQWHU9RUODJHGHU
YRUOLHJHQGHQ$%(XQYHU]JOLFKHLQHPDPWOLFKDQHUNDQQWHQ6DFKYHUVWlQGLJHQRGHU3UIHUIUGHQ
.UDIWIDKU]HXJYHUNHKURGHUHLQHP3UILQJHQLHXUHLQHUhEHUZDFKXQJVRUJDQLVDWLRQQDFK1XPPHUGHU
$QODJH9,,,E]XU6W9=2]XU'XUFKIKUXQJXQG%HVWlWLJXQJGHULQGHU$%(YRUJHVFKULHEHQHQ
bQGHUXQJVDEQDKPHYRU]XIKUHQ
$ 'LH9HUZHQGXQJYRQ6FKQHHNHWWHQLVWQLFKW]XOlVVLJ
$ =XP$XVZXFKWHQGHU5lGHUGUIHQDQGHU)HOJHQDXHQVHLWHQXU.OHEHJHZLFKWHXQWHUKDOEGHU
)HOJHQVFKXOWHURGHUGHV7LHIEHWWHVDQJHEUDFKWZHUGHQ%HL$QEULQJXQJGHU.OHEHJHZLFKWHLP
)HOJHQEHWWLVWDXIHLQHQ0LQGHVWDEVWDQGYRQPP]XP%UHPVVDWWHO]XDFKWHQ
$ (VVLQGQXUVFKODXFKORVH5HLIHQ]XOlVVLJ:HUGHQNHLQH9HQWLOHPLW73066HQVRUHQ
YHUZHQGHWVLQG0HWDOOVFKUDXEYHQWLOHPLW%HIHVWLJXQJYRQDXHQ]XOlVVLJ%HL9HUZHQGXQJELV]X
HLQHU+|FKVWJHVFKZLQGLJNHLWYRQNPK EDXDUWEHGLQJWH+|FKVWJHVFKZLQGLJNHLW)]J6FKHLQ=LII
E]Z=XODVVXQJVEHVFKHLQLJXQJ)HOG7RGHUEHL9HUZHQGXQJYRQ:LQWHUUHLIHQPLW
*HVFKZLQGLJNHLWVV\PERO4567RGHU+ VLQGDXFK*XPPLYHQWLOH]XOlVVLJ:HUGHQ9HQWLOHPLW
73066HQVRUHQYHUZHQGHWVRVLQGGLH+LQZHLVHXQG9RUJDEHQGHU+HUVWHOOHU]XEHDFKWHQ'LH
9HQWLOHXQG6HQVRUHQPVVHQIUGHQYRUJHVFKULHEHQHQ/XIWGUXFNXQGGLH+|FKVWJHVFKZLQGLJNHLW
JHHLJQHWVHLQ'LH9HQWLOHPVVHQGHQ1RUPHQ(7572',1RGHU7LUHDQG5LPHQWVSUHFKHQXQG
GUIHQQLFKWEHUGHQ)HOJHQUDQGKLQDXVUDJHQ
§22 55005*00
$ 'LH5DG5HLIHQ.RPELQDWLRQLVWQXU]XOlVVLJDQ)DKU]HXJDXVIKUXQJHQPLW$OOUDGDQWULHE ]%
:'4XDWWUR6\QFUR0DWLF[Rl
$ 'LHVH5DG5HLIHQ.RPELQDWLRQ HQ LVW VLQG ]XOlVVLJDQ)DKU]HXJDXVIKUXQJHQPLW)URQW
E]Z+HFN$QWULHEXQG$OOUDGDQWULHE ]%:':'4XDWWUR6\QFUR0DWLF[Rl
$ 5DG5HLIHQ.RPELQDWLRQ HQ QLFKW]XOlVVLJDQ)DKU]HXJHQPLW$OOUDGDQWULHE
%Q. 'LH5lGHUVLQGQLFKWDQ)DKU]HXJDXVIKUXQJHQPLW.HUDPLN%UHPVHQ]XOlVVLJ
&DU 'LH5DG5HLIHQ.RPELQDWLRQLVW]XOlVVLJIU)DKU]HXJDXVIKUXQJHQGHU.DURVVHULHIRUP
.RPELOLPRXVLQH $YDQW%UHDN&DUDYDQ*UDQGWRXU.RPEL6SRUWVZDJRQ70RGHOO7RXULQJ7RXUHU
7XUQLHU9DULDQW«
&ER 'LH5DG5HLIHQ.RPELQDWLRQLVW]XOlVVLJIU)DKU]HXJDXVIKUXQJHQGHU.DURVVHULHIRUP
&DEULR/LPRXVLQH5RDGVWHU
)OK 'LH5DG5HLIHQ.RPELQDWLRQLVW]XOlVVLJIU)DKU]HXJDXVIKUXQJHQGHU.DURVVHULHIRUP
6FKUlJKHFNOLPRXVLQH )OLHKHFNWULJXQGWULJ
* :HLFKWGHU$EUROOXPIDQJGLHVHU5HLIHQJU|HYRQGHQ$EUROOXPIlQJHQGHUVHULHQPlLJHQ
5HLIHQJU|HQ XD)DKU]HXJVFKHLQ=XODVVXQJVEHVFKHLQLJXQJ,&2&3DSLHURGHU
%HGLHQXQJVDQOHLWXQJ DELVWGHU1DFKZHLV]XHUEULQJHQGDVVGLH$Q]HLJHGHV
*HVFKZLQGLJNHLWVPHVVHUVXQG:HJVWUHFNHQ]lKOHUVLQQHUKDOEGHU7ROHUDQ]HQ (:*(&(
5 6W9=2 OLHJW:LUGGLH$Q]HLJHDQJHJOLFKHQVLQGGLHLQGHQ)DKU]HXJSDSLHUHQ XD
)DKU]HXJVFKHLQ=XODVVXQJVEHVFKHLQLJXQJ,RGHU&2&3DSLHU HLQJHWUDJHQHQ5HLIHQJU|HQ]X
EHUSUIHQ
7HFKQRORJLH]HQWUXP7\SSUIVWHOOH/DPEVKHLP.|QLJVEHUJHU6WUDHG'/DPEVKHLP
*87$&+7(1]XU$%(1UQDFK6W9=2
$QODJH]XP3UIEHULFKW1U $XVIHUWLJXQJ
3UIJHJHQVWDQG 3.:6RQGHUUDG-[ +7\S:+
+HUVWHOOHU :KHHOZRUOG*PE+
6HLWH YRQ
* ,VWGLH5HLIHQJU|H5ZZ5NHLQHGHUVHULHQPlLJHQ5HLIHQJU|HQ XD
)DKU]HXJVFKHLQ=XODVVXQJVEHVFKHLQLJXQJ,&2&3DSLHURGHU%HGLHQXQJVDQOHLWXQJ VRLVWGHU
1DFKZHLV]XHUEULQJHQGDVVGLH$Q]HLJHGHV*HVFKZLQGLJNHLWVPHVVHUVXQG:HJVWUHFNHQ]lKOHUV
LQQHUKDOEGHU7ROHUDQ]HQ (:*(&(5 6W9=2 OLHJW:LUGGLH$Q]HLJHDQJHJOLFKHQ
VLQGGLHLQGHQ)DKU]HXJSDSLHUHQ XD)DKU]HXJVFKHLQ=XODVVXQJVEHVFKHLQLJXQJ,RGHU&2&
3DSLHU HLQJHWUDJHQHQ5HLIHQJU|HQ]XEHUSUIHQ
.D 'LH5DGDEGHFNXQJDQ$FKVHLVWGXUFK$XVVWHOOHQGHU)URQWVFKU]HXQGGHV.RWIOJHOVRGHU
GXUFK$QEDXYRQGDXHUKDIWEHIHVWLJWHQ.DURVVHULHWHLOHQLP%HUHLFKELVYRU5DGPLWWH
KHU]XVWHOOHQ'LHJHVDPWH%UHLWHGHU5DG5HLIHQNRPELQDWLRQPXVVXQWHU%HDFKWXQJGHVPD[LPDO
P|JOLFKHQ%HWULHEVPDHVGHV5HLIHQV IDFKHGHU1HQQEUHLWHGHV5HLIHQV LQGHPREHQ
JHQDQQWHQ%HUHLFKDEJHGHFNWVHLQ
.E 'LH5DGDEGHFNXQJDQ$FKVHLVWGXUFK$XVVWHOOHQGHV.RWIOJHOVRGHUGXUFK$QEDXYRQ
GDXHUKDIWEHIHVWLJWHQ.DURVVHULHWHLOHQLP%HUHLFKELVKLQWHU5DGPLWWHKHU]XVWHOOHQ'LHJHVDPWH
%UHLWHGHU5DG5HLIHQNRPELQDWLRQPXVVXQWHU%HDFKWXQJGHVPD[LPDOP|JOLFKHQ%HWULHEVPDHV
GHV5HLIHQV IDFKHGHU1HQQEUHLWHGHV5HLIHQV LQGHPREHQJHQDQQWHQ%HUHLFKDEJHGHFNW
VHLQ
.F 'LH5DGDEGHFNXQJDQ$FKVHLVWGXUFK$XVVWHOOHQGHU)URQWVFKU]HXQGGHV.RWIOJHOVRGHU
GXUFK$QEDXYRQGDXHUKDIWEHIHVWLJWHQ.DURVVHULHWHLOHQLP%HUHLFKYRUELVKLQWHU5DGPLWWH
KHU]XVWHOOHQ'LHJHVDPWH%UHLWHGHU5DG5HLIHQNRPELQDWLRQPXVVXQWHU%HDFKWXQJGHVPD[LPDO
P|JOLFKHQ%HWULHEVPDHVGHV5HLIHQV IDFKHGHU1HQQEUHLWHGHV5HLIHQV LQGHPREHQ
§22 55005*00
JHQDQQWHQ%HUHLFKDEJHGHFNWVHLQ
.D 'LH5DGDEGHFNXQJDQ$FKVHLVWGXUFK$XVVWHOOHQGHV.RWIOJHOVRGHUGXUFK$QEDXYRQ
GDXHUKDIWEHIHVWLJWHQ.DURVVHULHWHLOHQLP%HUHLFKELVYRU5DGPLWWHKHU]XVWHOOHQ'LHJHVDPWH
%UHLWHGHU5DG5HLIHQNRPELQDWLRQPXVVXQWHU%HDFKWXQJGHVPD[LPDOP|JOLFKHQ%HWULHEVPDHV
GHV5HLIHQV IDFKHGHU1HQQEUHLWHGHV5HLIHQV LQGHPREHQJHQDQQWHQ%HUHLFKDEJHGHFNW
VHLQ
.E 'LH5DGDEGHFNXQJDQ$FKVHLVWGXUFK$XVVWHOOHQGHU+HFNVFKU]HXQGGHV.RWIOJHOVRGHU
GXUFK$QEDXYRQGDXHUKDIWEHIHVWLJWHQ.DURVVHULHWHLOHQLP%HUHLFKELVKLQWHU5DGPLWWH
KHU]XVWHOOHQ'LHJHVDPWH%UHLWHGHU5DG5HLIHQNRPELQDWLRQPXVVXQWHU%HDFKWXQJGHVPD[LPDO
P|JOLFKHQ%HWULHEVPDHVGHV5HLIHQV IDFKHGHU1HQQEUHLWHGHV5HLIHQV LQGHPREHQ
JHQDQQWHQ%HUHLFKDEJHGHFNWVHLQ
.F 'LH5DGDEGHFNXQJDQ$FKVHLVWGXUFK$XVVWHOOHQGHU+HFNVFKU]HXQGGHV.RWIOJHOVRGHU
GXUFK$QEDXYRQGDXHUKDIWEHIHVWLJWHQ.DURVVHULHWHLOHQLP%HUHLFKYRUELVKLQWHU5DGPLWWH
KHU]XVWHOOHQ'LHJHVDPWH%UHLWHGHU5DG5HLIHQNRPELQDWLRQPXVVXQWHU%HDFKWXQJGHVPD[LPDO
P|JOLFKHQ%HWULHEVPDHVGHV5HLIHQV IDFKHGHU1HQQEUHLWHGHV5HLIHQV LQGHPREHQ
JHQDQQWHQ%HUHLFKDEJHGHFNWVHLQ
.D $Q$FKVHVLQGGLH6FKUDXEHQ]XU%HIHVWLJXQJGHU5DGKDXVLQQHQYHUNOHLGXQJDQGHQ
5DGKDXVDXVVFKQLWWNDQWHQ PPKLQWHU5DGPLWWH ]XHQWIHUQHQXQGGLH%HIHVWLJXQJVODVFKH
YROOVWlQGLJQDFKREHQ]XELHJHQ'LH5DGKDXVLQQHQYHUNOHLGXQJHQVLQGDQVFKOLHHQGGDXHUKDIWQHX
]XEHIHVWLJHQ
.F $Q$FKVHVLQGGLH6FKUDXEHQ]XU%HIHVWLJXQJGHU5DGKDXVLQQHQYHUNOHLGXQJDQGHQ
5DGKDXVDXVVFKQLWWNDQWHQ PPYRU5DGPLWWH ]XHQWIHUQHQXQGGLH%HIHVWLJXQJVODVFKHYROOVWlQGLJ
QDFKREHQ]XELHJHQ'LH5DGKDXVLQQHQYHUNOHLGXQJHQVLQGDQVFKOLHHQGGDXHUKDIWQHX]X
EHIHVWLJHQ
7HFKQRORJLH]HQWUXP7\SSUIVWHOOH/DPEVKHLP.|QLJVEHUJHU6WUDHG'/DPEVKHLP
*87$&+7(1]XU$%(1UQDFK6W9=2
$QODJH]XP3UIEHULFKW1U $XVIHUWLJXQJ
3UIJHJHQVWDQG 3.:6RQGHUUDG-[ +7\S:+
+HUVWHOOHU :KHHOZRUOG*PE+
6HLWHYRQ
.G $Q$FKVHVLQGGLH6FKUDXEHQ]XU%HIHVWLJXQJGHU5DGKDXVLQQHQYHUNOHLGXQJDQGHQ
5DGKDXVDXVVFKQLWWNDQWHQ PPYRU5DGPLWWH ]XHQWIHUQHQXQGGLH%HIHVWLJXQJVODVFKHYROOVWlQGLJ
QRFKREHQ]XELHJHQ'LH5DGKDXVLQQHQYHUNOHLGXQJHQVLQGDQVFKOLHHQGGDXHUKDIWQHX]X
EHIHVWLJHQ
.I $Q$FKVHVLQGGLH6FKUDXEHQ]XU%HIHVWLJXQJGHU5DGKDXVLQQHQYHUNOHLGXQJDQGHQ
5DGKDXVDXVVFKQLWWNDQWHQ PPKLQWHU5DGPLWWH ]XHQWIHUQHQXQGGLH%HIHVWLJXQJVODVFKH
YROOVWlQGLJQRFKREHQ]XELHJHQ'LH5DGKDXVLQQHQYHUNOHLGXQJHQVLQGQDFK]XDUEHLWHQ ]%
(UZlUPHQRGHU$XVVFKQHLGHQ XQGGDXHUKDIW]XEHIHVWLJHQ
.L $Q$FKVHLVWGLH5DGKDXVLQQHQYHUNOHLGXQJDQGHU5DGKDXVDXVVFKQLWWNDQWHDXV]XVFKQHLGHQ
E]ZXPPP]XNU]HQXQGDQVFKOLHHQGGDXHUKDIWQHX]XEHIHVWLJHQ
.V $Q$FKVHLVWGLH6SULW]ZDQGE]ZGLH5DGKDXVLQQHQYHUNOHLGXQJKLQWHU5DGPLWWHDQGHQ
GDKLQWHUOLHJHQGHQ5DKPHQIDO]DQ]XOHJHQXQGGDXHUKDIW]XEHIHVWLJHQ
.Z $Q$FKVHVLQGGLH%HIHVWLJXQJHQGHU.XQVWVWRIIYHUEUHLWHUXQJHQE]Z
.RWIOJHOYHUEUHLWHUXQJHQLQGHQ5DGKDXVDXVVFKQLWWNDQWHQ]XHQWIHUQHQ'LH.XQVWVWRIIYHUEUHLWHUXQJHQ
E]Z.RWIOJHOYHUEUHLWHUXQJHQVLQGDQVFKOLHHQGGDXHUKDIWQHX]XEHIHVWLJHQ
. $Q$FKVHLVWGXUFK1DFKDUEHLWHQGHU5DGKDXVDXVVFKQLWWNDQWHQHLQHDXVUHLFKHQGH
)UHLJlQJLJNHLWGHU5DG5HLIHQNRPELQDWLRQKHU]XVWHOOHQ
§22 55005*00
. $Q$FKVHLVWGXUFK1DFKDUEHLWHQGHU5DGKDXVDXVVFKQLWWNDQWHQHLQHDXVUHLFKHQGH
)UHLJlQJLJNHLWGHU5DG5HLIHQNRPELQDWLRQKHU]XVWHOOHQ
. $Q$FKVHLVWGXUFK$XIZHLWHQGHU.RWIOJHOE]ZLQQHUHQ6HLWHQWHLOHHLQHDXVUHLFKHQGH
)UHLJlQJLJNHLWGHU5DG5HLIHQNRPELQDWLRQKHU]XVWHOOHQ
. $Q$FKVHLVWGXUFK1DFKDUEHLWHQGHU5DGKDXVLQQHQNRWIOJHO.XQVWVWRIIHLQVlW]HE]ZGHUHQ
%HIHVWLJXQJVWHLOHHLQHDXVUHLFKHQGH)UHLJlQJLJNHLWGHU5DG5HLIHQNRPELQDWLRQKHU]XVWHOOHQ
.J $Q$FKVHLVWGLH5DGKDXVLQQHQYHUNOHLGXQJDPhEHUJDQJYRQGHU5DGKDXVDXVVFKQLWWNDQWH
]XU+HFNVFKU]HDXV]XVFKQHLGHQE]ZXPPP]XNU]HQ
.K $Q$FKVHLVWGLH5DGKDXVLQQHQYHUNOHLGXQJDPhEHUJDQJYRQGHU5DGKDXVDXVVFKQLWWNDQWH
]XU+HFNVFKU]HDXV]XVFKQHLGHQE]ZXPPP]XNU]HQ
.L $Q$FKVHLVWGLH5DGKDXVLQQHQYHUNOHLGXQJDQGHU5DGKDXVDXVVFKQLWWNDQWHDXV]XVFKQHLGHQ
E]ZXPPP]XNU]HQXQGDQVFKOLHHQGGDXHUKDIWQHX]XEHIHVWLJHQ
.E $Q$FKVHVLQGGLH5DGKDXVDXVVFKQLWWNDQWHQLP%HUHLFKPPYRUELVPPKLQWHU
5DGPLWWHYROOVWlQGLJXP]XOHJHQ
.G $Q$FKVHVLQGGLH5DGKDXVDXVVFKQLWWNDQWHQLP%HUHLFKPPYRUELVPPKLQWHU
5DGPLWWHYROOVWlQGLJXP]XOHJHQ
.I $Q$FKVHVLQGGLH5DGKDXVDXVVFKQLWWNDQWHQLP%HUHLFKPPYRUELVPPKLQWHU
5DGPLWWHYROOVWlQGLJXP]XOHJHQ
.L $Q$FKVHVLQGGLHLQGDV5DGKDXVUDJHQGHQ.DQWHQGHU)URQWVFKU]HDXIHLQHU/lQJHYRQ
PPELVDXIGLH,QQHQNRQWXUGHVXPJHOHJWHQ5DGODXIHVIROJHQG]XNU]HQ
.Y $Q$FKVHVLQGGLH.XQVWVWRII5DGKDXVDXVVFKQLWWNDQWHQLP%HUHLFKPPYRUELVPP
KLQWHU5DGPLWWHXPPPDXV]XVFKQHLGHQE]Z]XNU]HQ
7HFKQRORJLH]HQWUXP7\SSUIVWHOOH/DPEVKHLP.|QLJVEHUJHU6WUDHG'/DPEVKHLP
*87$&+7(1]XU$%(1UQDFK6W9=2
$QODJH]XP3UIEHULFKW1U $XVIHUWLJXQJ
3UIJHJHQVWDQG 3.:6RQGHUUDG-[ +7\S:+
+HUVWHOOHU :KHHOZRUOG*PE+
6HLWHYRQ
.Z $Q$FKVHVLQGGLH.XQVWVWRII5DGKDXVDXVVFKQLWWNDQWHQLP%HUHLFKPPYRUELVPP
KLQWHU5DGPLWWHXPPPDXV]XVFKQHLGHQE]Z]XNU]HQ
.[ $Q$FKVHVLQGGLH.XQVWVWRII5DGKDXVDXVVFKQLWWNDQWHQLP%HUHLFKPPYRUELVPP
KLQWHU5DGPLWWHYROOVWlQGLJDXV]XVFKQHLGHQE]ZYROOVWlQGLJ]XNU]HQ
.G $Q$FKVHVLQGGLH5DGKDXVDXVVFKQLWWNDQWHQLP%HUHLFKPPYRUELVPPKLQWHU
5DGPLWWHYROOVWlQGLJXP]XOHJHQ
.J $Q$FKVHLVWGLH%HIHVWLJXQJVODVFKHGHU+HFNVFKU]HDPhEHUJDQJ]XU
5DGKDXVDXVVFKQLWWNDQWHXPPP]XNU]HQRGHUXPGDVJOHLFKH0DQDFKKLQWHQREHQ]XELHJHQ
.K $Q$FKVHLVWGLH%HIHVWLJXQJVODVFKHGHU+HFNVFKU]HDPhEHUJDQJ]XU
5DGKDXVDXVVFKQLWWNDQWHXPPP]XNU]HQRGHUXPGDVJOHLFKH0DQDFKKLQWHQREHQ]XELHJHQ
'LH%HIHVWLJXQJVVFKUDXEHLVWVRZHLWZLHP|JOLFKQDFKKLQWHQ]XYHUVHW]HQ
.L $Q$FKVHVLQGGLHLQGDV5DGKDXVUDJHQGHQ.DQWHQGHU+HFNVFKU]HDXIHLQHU/lQJHYRQ
PPELVDXIGLH,QQHQNRQWXUGHVXPJHOHJWHQ5DGODXIHVIROJHQG]XNU]HQ
.Y $Q$FKVHVLQGGLH.XQVWVWRII5DGKDXVDXVVFKQLWWNDQWHQLP%HUHLFKPPYRUELVPP
KLQWHU5DGPLWWHXPPPDXV]XVFKQHLGHQE]Z]XNU]HQ
.Z $Q$FKVHVLQGGLH.XQVWVWRII5DGKDXVDXVVFKQLWWNDQWHQLP%HUHLFKPPYRUELVPP
§22 55005*00
KLQWHU5DGPLWWHXPPPDXV]XVFKQHLGHQE]Z]XNU]HQ
.[ $Q$FKVHVLQGGLH.XQVWVWRII5DGKDXVDXVVFKQLWWNDQWHQLP%HUHLFKPPYRUELVPP
KLQWHU5DGPLWWHXPPPDXV]XVFKQHLGHQE]Z]XNU]HQ
.\ $Q$FKVHVLQGGLH.XQVWVWRII5DGKDXVDXVVFKQLWWNDQWHQLP%HUHLFKPPYRUELVPP
KLQWHU5DGPLWWHYROOVWlQGLJDXV]XVFKQHLGHQE]Z]XNU]HQ
.D $Q$FKVHVLQGGLH5DGKDXVDXVVFKQLWWNDQWHQLP%HUHLFKPPYRUELVPPKLQWHU
5DGPLWWHXPPPDXI]XZHLWHQ
.E $Q$FKVHVLQGGLH5DGKDXVDXVVFKQLWWNDQWHQLP%HUHLFKPPYRUELVPPKLQWHU
5DGPLWWHXPPPDXI]XZHLWHQ
.G $Q$FKVHVLQGGLH5DGKDXVDXVVFKQLWWNDQWHQLP%HUHLFKPPYRUELVPPKLQWHU
5DGPLWWHXPPPDXI]XZHLWHQ
.G $Q$FKVHVLQGGLH5DGKDXVDXVVFKQLWWNDQWHQLP%HUHLFKPPYRUELVPPKLQWHU
5DGPLWWHXPPPDXI]XZHLWHQ
.H $Q$FKVHVLQGGLH5DGKDXVDXVVFKQLWWNDQWHQLP%HUHLFKPPYRUELVPPKLQWHU
5DGPLWWHXPPPDXI]XZHLWHQ
.K $Q$FKVHVLQGGLH5DGKDXVDXVVFKQLWWNDQWHQLP%HUHLFKPPYRUELVPPKLQWHU
5DGPLWWHXPPPDXI]XZHLWHQ
.P $Q$FKVHVLQGGLH5DGKDXVDXVVFKQLWWNDQWHQLP%HUHLFKPPYRUELVPPKLQWHU
5DGPLWWHXPPPDXI]XZHLWHQ
.V $Q$FKVHVLQGGLH5DGKDXVDXVVFKQLWWNDQWHQLP%HUHLFKPPYRUELVPPKLQWHU
5DGPLWWHXPPPDXI]XZHLWHQ
7HFKQRORJLH]HQWUXP7\SSUIVWHOOH/DPEVKHLP.|QLJVEHUJHU6WUDHG'/DPEVKHLP
*87$&+7(1]XU$%(1UQDFK6W9=2
$QODJH]XP3UIEHULFKW1U $XVIHUWLJXQJ
3UIJHJHQVWDQG 3.:6RQGHUUDG-[ +7\S:+
+HUVWHOOHU :KHHOZRUOG*PE+
6HLWHYRQ
.09 %HWULIIWQXU)DKU]HXJYDULDQWHQPLWVHULHQPlLJHQ.XQVWVWRIIYHUEUHLWHUXQJHQE]ZPLW
]XVlW]OLFKHQ.RWIOJHOYHUEUHLWHUXQJHQ 5DGODXIOHLVWHQ
.29 %HWULIIWQXU)DKU]HXJYDULDQWHQRKQHVHULHQPlLJH.XQVWVWRIIYHUEUHLWHUXQJHQE]ZRKQH
]XVlW]OLFKH.RWIOJHOYHUEUHLWHUXQJHQ 5DGODXIOHLVWHQ
/LP 'LH5DG5HLIHQ.RPELQDWLRQLVW]XOlVVLJIU)DKU]HXJDXVIKUXQJHQGHU.DURVVHULHIRUP
/LPRXVLQH
06 'LHVH5HLIHQJU|HLVWQXU]XOlVVLJDOV06%HUHLIXQJ
0S+ $XFK]XOlVVLJIU)DKU]HXJDXVIKUXQJHQPLW+\EULGDQWULHE +\EULGHOHNWURIDKU]HXJ +(9 LQFO
3OXJLQ+\EULG)DKU]HXJHE]ZH[WHUQDXIODGEDUH+\EULG(OHNWUR)DKU]HXJH 3+(9E]Z29&+(9
1R3 1LFKWIU3OXJLQ+\EULG)DKU]HXJHE]ZH[WHUQDXIODGEDUH+\EULG(OHNWUR)DKU]HXJH 3+(9
E]Z29&+(9
5 'LHVH5HLIHQJU|HLVWQXUDQ$FKVH]XOlVVLJ
5 'LHVH5HLIHQJU|HLVWQXUDQ$FKVH]XOlVVLJ
5 'LHVH5HLIHQJU|HLVWQLFKWJHSUIWIU)DKU]HXJHGLHVHULHQPlLJDXVVFKOLHOLFKPLW
JU|HUHQXQGRGHUEUHLWHUHQ5HLIHQJU|HQ XD)DKU]HXJVFKHLQ=XODVVXQJVEHVFKHLQLJXQJ,&2&
§22 55005*00
3DSLHURGHU%HGLHQXQJVDQOHLWXQJ DXVJHUVWHWVLQG
5 )UGDV)DKU]HXJLVWGLH5HLIHQJU|HDXIGHULP*XWDFKWHQJHQDQQWHQ5DGJU|HGXUFKGHQ
5HLIHQKHUVWHOOHU]XEHVWlWLJHQ'LHVH%HVWlWLJXQJLVWYRP)KUHUGHV)DKU]HXJVPLW]XIKUHQ
54 'LHVH5DG5HLIHQ.RPELQDWLRQHQVLQG]XOlVVLJEHL)DKU]HXJHQPLW5DGKDXVYHUEUHLWHUXQJHQ
.RWIOJHOYHUEUHLWHUXQJHQ5DGODXIOHLVWHQ LQ9HUELQGXQJPLWZDKOZHLVHQ6HULHQ5lGHUQ [ (7
PLW5 E]Z[(7PLW5 XD)DKU]HXJVFKHLQ=XODVVXQJVEHVFKHLQLJXQJ,
&2&3DSLHURGHU%HGLHQXQJVDQOHLWXQJ
6 =XU%HIHVWLJXQJGHU5lGHUGUIHQQXUGLHPLWJHOLHIHUWHQ%HIHVWLJXQJVPLWWHO1U6 VLHKH
6HLWH YHUZHQGHWZHUGHQ
6 =XU%HIHVWLJXQJGHU5lGHUGUIHQQXUGLHVHULHQPlLJHQ%HIHVWLJXQJVPLWWHO1U6 VLHKH
6HLWH YHUZHQGHWZHUGHQ
6 =XU%HIHVWLJXQJGHU5lGHUGUIHQQXUGLHPLWJHOLHIHUWHQ%HIHVWLJXQJVPLWWHO1U6 VLHKH
6HLWH YHUZHQGHWZHUGHQ
6 =XU%HIHVWLJXQJGHU5lGHUGUIHQQXUGLHPLWJHOLHIHUWHQ%HIHVWLJXQJVPLWWHO1U6 VLHKH
6HLWH YHUZHQGHWZHUGHQ
7 5HLIHQ /, QXU]XOlVVLJIU)DKU]HXJHPLW]XO$FKVODVWHQELVNJ )]J6FKHLQ=LII
E]Z=XODVVXQJVEHVFKHLQLJXQJ)HOG $EVFKOlJHGHU7UDJIlKLJNHLWDXIJUXQGGHU%DXDUWEHGLQJWHQ
+|FKVWJHVFKZLQGLJNHLW )]J6FKHLQ=LIIE]Z=XODVVXQJVEHVFKHLQLJXQJ)HOG7 VLQG]X
EHUFNVLFKWLJHQ
7 5HLIHQ /, QXU]XOlVVLJIU)DKU]HXJHPLW]XO$FKVODVWHQELVNJ )]J6FKHLQ=LII
E]Z=XODVVXQJVEHVFKHLQLJXQJ)HOG $EVFKOlJHGHU7UDJIlKLJNHLWDXIJUXQGGHU%DXDUWEHGLQJWHQ
+|FKVWJHVFKZLQGLJNHLW )]J6FKHLQ=LIIE]Z=XODVVXQJVEHVFKHLQLJXQJ)HOG7 VLQG]X
EHUFNVLFKWLJHQ
7HFKQRORJLH]HQWUXP7\SSUIVWHOOH/DPEVKHLP.|QLJVEHUJHU6WUDHG'/DPEVKHLP
*87$&+7(1]XU$%(1UQDFK6W9=2
$QODJH]XP3UIEHULFKW1U $XVIHUWLJXQJ
3UIJHJHQVWDQG 3.:6RQGHUUDG-[ +7\S:+
+HUVWHOOHU :KHHOZRUOG*PE+
6HLWHYRQ
7 5HLIHQ /, QXU]XOlVVLJIU)DKU]HXJHPLW]XO$FKVODVWHQELV NJ )]J6FKHLQ=LII
E]Z=XODVVXQJVEHVFKHLQLJXQJ)HOG $EVFKOlJHGHU7UDJIlKLJNHLWDXIJUXQGGHU%DXDUWEHGLQJWHQ
+|FKVWJHVFKZLQGLJNHLW )]J6FKHLQ=LIIE]Z=XODVVXQJVEHVFKHLQLJXQJ)HOG7 VLQG]X
EHUFNVLFKWLJHQ
7 5HLIHQ /, QXU]XOlVVLJIU)DKU]HXJHPLW]XO$FKVODVWHQELVNJ )]J6FKHLQ=LII
E]Z=XODVVXQJVEHVFKHLQLJXQJ)HOG $EVFKOlJHGHU7UDJIlKLJNHLWDXIJUXQGGHU%DXDUWEHGLQJWHQ
+|FKVWJHVFKZLQGLJNHLW )]J6FKHLQ=LIIE]Z=XODVVXQJVEHVFKHLQLJXQJ)HOG7 VLQG]X
EHUFNVLFKWLJHQ
7 5HLIHQ /, QXU]XOlVVLJIU)DKU]HXJHPLW]XO$FKVODVWHQELVNJ )]J6FKHLQ=LII
E]Z=XODVVXQJVEHVFKHLQLJXQJ)HOG $EVFKOlJHGHU7UDJIlKLJNHLWDXIJUXQGGHU%DXDUWEHGLQJWHQ
+|FKVWJHVFKZLQGLJNHLW )]J6FKHLQ=LIIE]Z=XODVVXQJVEHVFKHLQLJXQJ)HOG7 VLQG]X
EHUFNVLFKWLJHQ
7 5HLIHQ /, QXU]XOlVVLJIU)DKU]HXJHPLW]XO$FKVODVWHQELVNJ )]J6FKHLQ=LII
E]Z=XODVVXQJVEHVFKHLQLJXQJ)HOG $EVFKOlJHGHU7UDJIlKLJNHLWDXIJUXQGGHU%DXDUWEHGLQJWHQ
+|FKVWJHVFKZLQGLJNHLW )]J6FKHLQ=LIIE]Z=XODVVXQJVEHVFKHLQLJXQJ)HOG7 VLQG]X
EHUFNVLFKWLJHQ
7 5HLIHQ /, QXU]XOlVVLJIU)DKU]HXJHPLW]XO$FKVODVWHQELVNJ )]J6FKHLQ=LII
E]Z=XODVVXQJVEHVFKHLQLJXQJ)HOG $EVFKOlJHGHU7UDJIlKLJNHLWDXIJUXQGGHU%DXDUWEHGLQJWHQ
+|FKVWJHVFKZLQGLJNHLW )]J6FKHLQ=LIIE]Z=XODVVXQJVEHVFKHLQLJXQJ)HOG7 VLQG]X
§22 55005*00
EHUFNVLFKWLJHQ
7 5HLIHQ /, QXU]XOlVVLJIU)DKU]HXJHPLW]XO$FKVODVWHQELVNJ )]J6FKHLQ=LII
E]Z=XODVVXQJVEHVFKHLQLJXQJ)HOG $EVFKOlJHGHU7UDJIlKLJNHLWDXIJUXQGGHU%DXDUWEHGLQJWHQ
+|FKVWJHVFKZLQGLJNHLW )]J6FKHLQ=LIIE]Z=XODVVXQJVEHVFKHLQLJXQJ)HOG7 VLQG]X
EHUFNVLFKWLJHQ
7 5HLIHQ /, QXU]XOlVVLJIU)DKU]HXJHPLW]XO$FKVODVWHQELVNJ )]J6FKHLQ=LII
E]Z=XODVVXQJVEHVFKHLQLJXQJ)HOG $EVFKOlJHGHU7UDJIlKLJNHLWDXIJUXQGGHU%DXDUWEHGLQJWHQ
+|FKVWJHVFKZLQGLJNHLW )]J6FKHLQ=LIIE]Z=XODVVXQJVEHVFKHLQLJXQJ)HOG7 VLQG]X
EHUFNVLFKWLJHQ
7 5HLIHQ /, QXU]XOlVVLJIU)DKU]HXJHPLW]XO$FKVODVWHQELVNJ )]J6FKHLQ=LII
E]Z=XODVVXQJVEHVFKHLQLJXQJ)HOG $EVFKOlJHGHU7UDJIlKLJNHLWDXIJUXQGGHU%DXDUWEHGLQJWHQ
+|FKVWJHVFKZLQGLJNHLW )]J6FKHLQ=LIIE]Z=XODVVXQJVEHVFKHLQLJXQJ)HOG7 VLQG]X
EHUFNVLFKWLJHQ
7 5HLIHQ /, QXU]XOlVVLJIU)DKU]HXJHPLW]XO$FKVODVWHQELVNJ )]J6FKHLQ=LII
E]Z=XODVVXQJVEHVFKHLQLJXQJ)HOG $EVFKOlJHGHU7UDJIlKLJNHLWDXIJUXQGGHU%DXDUWEHGLQJWHQ
+|FKVWJHVFKZLQGLJNHLW )]J6FKHLQ=LIIE]Z=XODVVXQJVEHVFKHLQLJXQJ)HOG7 VLQG]X
EHUFNVLFKWLJHQ
9 8QWHUVFKLHGOLFKH5HLIHQJU|HQDXI9RUGHUXQG+LQWHUDFKVHVLQGQLFKW]XOlVVLJIU
)DKU]HXJDXVIKUXQJHQPLW$OOUDGDQWULHE ]%$:'0DWLF6\QFUR[
7HFKQRORJLH]HQWUXP7\SSUIVWHOOH/DPEVKHLP.|QLJVEHUJHU6WUDHG'/DPEVKHLP
*87$&+7(1]XU$%(1UQDFK6W9=2
$QODJH]XP3UIEHULFKW1U $XVIHUWLJXQJ
3UIJHJHQVWDQG 3.:6RQGHUUDG-[ +7\S:+
+HUVWHOOHU :KHHOZRUOG*PE+
6HLWHYRQ
9 %HL9HUZHQGXQJYHUVFKLHGHQHU5HLIHQJU|HQDQ9RUGHUXQG+LQWHUDFKVHVLQGIROJHQGH
5HLIHQNRPELQDWLRQHQVRIHUQGLH5HLIHQJU|HQLQGHU6SDOWH5HLIHQDXIJHIKUWVLQGP|JOLFK
9RUGHUDFKVH +LQWHUDFKVH
1U 5 5 5
1U 5 5 5 5 5
1U 5 5 5
1U 5 5 5
1U 5 5
1U 5 5 5 5 5
1U 5 5 5
1U 5 5 5
1U 5 5 5
1U 5 5 5 5
1U 5 5
1U 5 5 5 5
1U 5 5 5
1U 5 5
1U 5 5
1U 5 5 5
1U 5 5 5 5
1U 5 5 5
§22 55005*00
1U 5 5
1U 5 5 5 5
1U 5 5
1U 5 5 5
1U 5 5 5
1U 5 5
1U 5 5
1U 5 5
1U 5 5
(VVLQGQXU5HLIHQHLQHV+HUVWHOOHUVXQGDFKVZHLVHHLQHV3URILOW\SV]XOlVVLJIUGLHGHU5HLIHQRGHU
)DKU]HXJKHUVWHOOHUGLH(LJQXQJIUGDVMHZHLOLJH)DKU]HXJEHVWlWLJW'LHVH%HVWlWLJXQJLVWYRP)KUHU
GHV)DKU]HXJVPLW]XIKUHQ
9R$ 1LFKWIU)DKU]HXJDXVIKUXQJ9:3DVVDW$OOWUDFN 7\S&F
; 1XU]XOlVVLJEHL)DKU]HXJHQ $XGL$$OOURDG7\S%) PLWVHULHQPlLJHQ5HLIHQJU|HQ
555RGHU5 XD)DKU]HXJVFKHLQ=XODVVXQJVEHVFKHLQLJXQJ
,&2&3DSLHURGHU%HGLHQXQJVDQOHLWXQJ
= 'LHVH5DG5HLIHQ.RPELQDWLRQHQVLQG]XOlVVLJEHL)DKU]HXJHQPLW=ROO6HULHQ
5HLIHQJU|HQ XD)DKU]HXJVFKHLQ=XODVVXQJVEHVFKHLQLJXQJ,&2&3DSLHURGHU
%HGLHQXQJVDQOHLWXQJ
= 'LHVH5DG5HLIHQ.RPELQDWLRQHQVLQG]XOlVVLJEHL)DKU]HXJHQPLW=ROO6HULHQ
5HLIHQJU|HQ XD)DKU]HXJVFKHLQ=XODVVXQJVEHVFKHLQLJXQJ,&2&3DSLHURGHU
%HGLHQXQJVDQOHLWXQJ
3UIRUWXQG3UIGDWXP
'LH9HUZHQGXQJVSUIXQJIDQGDP2NWREHULQ/DPEVKHLPVWDWW
7HFKQRORJLH]HQWUXP7\SSUIVWHOOH/DPEVKHLP.|QLJVEHUJHU6WUDHG'/DPEVKHLP
*87$&+7(1]XU$%(1UQDFK6W9=2
$QODJH]XP3UIEHULFKW1U $XVIHUWLJXQJ
3UIJHJHQVWDQG 3.:6RQGHUUDG-[ +7\S:+
+HUVWHOOHU :KHHOZRUOG*PE+
6HLWHYRQ
3UIHUJHEQLV
$XIJUXQGGHUGXUFKJHIKUWHQ3UIXQJHQEHVWHKHQNHLQHWHFKQLVFKHQ%HGHQNHQRJ6RQGHUUlGHU
XQWHU%HDFKWXQJGHU$XIODJHQXQG+LQZHLVH]XYHUZHQGHQ
'LHLQGLHVHP*XWDFKWHQDXIJHIKUWHQ)DKU]HXJW\SHQHQWVSUHFKHQDXFKQDFKGHU8PUVWXQJGHQ
KHXWHJOWLJHQ9RUVFKULIWHQGHU6W9=2'DV*XWDFKWHQYHUOLHUWVHLQH*OWLJNHLWZHQQVLFK
HQWVSUHFKHQGH%DXYRUVFKULIWHQGHU6W9=2lQGHUQRGHUDQGHQ.UDIWIDKU]HXJHQbQGHUXQJHQ
HLQWUHWHQGLHGLH%HJXWDFKWXQJVSXQNWHEHHLQIOXVVHQ
'DV*XWDFKWHQXPIDVVW%ODWWELVXQGJLOWIU6RQGHUUlGHUDE+HUVWHOOXQJVGDWXP$XJXVW
'HU7HFKQLVFKH'LHQVW7\SSUIVWHOOH)DKU]HXJH)DKU]HXJWHLOHGHU7h95KHLQODQG.UDIWIDKUW*PE+
$P*UDXHQ6WHLQ.|OQLVWPLWVHLQHP,QJHQLHXU]HQWUXP7HFKQRORJLH]HQWUXP7\SSUIVWHOOH
/DPEVKHLPIUGLHDQJHZHQGHWHQ3UIYHUIDKUHQYRP.UDIWIDKUW%XQGHVDPWHQWVSUHFKHQG(*)*9IU
GDV7\SJHQHKPLJXQJVYHUIDKUHQGHV.%$XQWHUGHU1XPPHU.%$3 EHQDQQW
/DPEVKHLP2NWREHU
§22 55005*00
:DJQHU
'2&
7HFKQRORJLH]HQWUXP7\SSUIVWHOOH/DPEVKHLP.|QLJVEHUJHU6WUDHG'/DPEVKHLP
