FORD MOTOR assessment

c
 


c
 
    
    c
 
 

 
 

„
 
    



    



c
 
   
   

   2  

 !!"#

 

!$#%&"'(((

 

m"'

Œ )# "''m*)m'"# 2 c!"c#$!%& '&$ (  $!%& '&$)  * $!%& '&$+ c&&!&''!%&!'&$+ + " „$„"&,"'", 2 & -!  , 22'./"
&#0 2('.-' "-' %2( 2'.!1!" #!1!2 - " ,"'"$""!2, . 2, 

 „"&"!!'((((((((((((((((((((   "(2   /$$' 22'!.2  ""!3%#!'&$(+ 22'!.( $!!&''%&!'&$(, 22'!.(2 !"#$!(, 22'!.((   $!(0

2 

22'!.(  * $!c'( 22'!. 43c'%&'&%%22&!! 22'!. "&!c'5# 22'!.2 c!#!""!3c' 22'!.( c'#25#) /,&" c!-&2  &55$!"#%&!'&$) c!-&(2  %5#55'!20 c!-&((  -5#55'!(6 c!-& &#!-" c'&5!  c!-& 
#52!c(626+ / 2 &5&5!'3'3!'!(660!!!(+ ( !"#$!(,  %--2%!#'5'"%!#(0   * $!c'(  c'/$!-&'!c(626+ ) c!#!&0               ( 

 

 !!"#

 c' 52$7c'8%'!%&!'&$9%3"9"% 23'#'%#!&'5/%!-#52!!% #&3/ #5$#5!'3!%!!-&2!#'!#'2!!# 2&-'!--35!-92"#%-c' '% !&!'&$3#!22'!.( ()%#&#%-2"!' .#!!-22&!!%&#52$3%5&'&##9-%#2!9 ':&!#/$'"2'2'&#93!#!9#5!#&9'!" &'"%!#%-&!'&$3!#!&-33!%,6;% -&!'&$ -3%53&!(62!.2#'#55 5-!-5/43"9c'&##'3!'''"! !&-'!--#$#9&!! 9'%'"253!'- 3"%!#%#&5#!'%3 /!-%&&c'3!%"-2#!%#!!#5-!- 5/!/ %!' '!9'%"%/3'-'.2!!!#!' !""%!##%-!:&!'5"%#52$3'cc' #%!"%"!!!-$$5&3!%!""%!#73& #&52!9&#'%$!'9%9'#!#?$8*%#&5 %!/%!"!"#%-$!%&!'&$%$3!%!/c'%! %22c'#-:&!#/39&5&!'&$'! #%-!#'"#!%&!'&$c'5&"!$!" "%!#%5#&5'5''-"5-&!c'% !-!!#!.'#'-#2!!"5'' %3!% !'$&!'%&'#!''!"$'#!!3%!#%#&'  

!52#%#52$.2@$(6609c'.2#'&#&#&# 2#"&$6;9'$(62($,6;A%3&'#!'' #%5/"#%'&#!3!!"'!32!-3!- 5/A&'%#%:&!'9'"259'2'&#!!" "%!#%-&!'&$5/!-3!-9'%22&!$c' #2&5/%!%23'#'!%%/!-c'# 3!9'''.2'!#%-5%#%-'!1 22&!!c''&-#$-'!-"!!--!#2% !#2%.-!"%!#9'&##9'.2'!%3' -3!-5/ '$ -#5$'%!-%$#52!!"&!'&$ c'%!52#!c'%B&5&#%!/!2!-3 -$'#5!'&$'!!"&#%-$ 2 -!#&55!1'A5&#'!"%5/'!"95-' #95-%# !1'-!#'%!2''#!1' 2!#$!525!7c'9(6608 

 

!$#%&"'

c' 52$3&''$4$c' 206'#5#2! !20209!-#52$72265&#&!-2!(#&!93!%666 52$83!%3#&! &5!"'c!#! "!#c'

2!!#&'c'%5!#9c' &%5!#9c'&29 5!&5!"&29c'!#!!#'!#?1'-5>"9 #&$' !#5c'%#&!-#&!-#!# 5-!5%!#52! %&'"-!!-!%'"25 %!2'&#7c'(6608   

 

m"'  %&5!"!'&$!%!'&$!%'"259

5/!-9'!-95&#&9'5"%!#7&'(6228 (6609 &(5!!5"%!#722'!.2 (+89!#&'!-#55#!' #"%!#35&#&'3'3!'73'5!9(6268 %!5'B#!"%!22.5!#&'&&/$ !&''9#52!!"##!-%5/%&!'&$3 9#!!#$$c'-$5/!-#%&#%%'. /"
&#9%'.-' "-' %c'' %'.!1!" #!1!c&%59#!!#$"&c' #25#3$##&!  Π

)#* "''m*m'"# Œ

0""1 "#

c!-&2&55!%!'!-!"#$!722'!.(2 (,8 %&5!!'&$          



 ,"

Y
  


 m" "#

„"&

 "#

2%

 „'

2%!'"

!$!  #"$3"

2%

 ,&" !"C#%&!'&$7'!-$&'8 '2'5!*!'$7(6268  Π

0„ /#*'"#

!!##&$!&#%3'-!!$3%!#%#5&#& 2!!!#!!&#'$#&5'5'"!5## #7 (6608"9%#!'&$!5B#!&% #5$3!%%!-%&-#52&#%!29"!$9#2299'&5!&53!% %!'&$#!&!-2#% 7(668%#!C#&& "!5#%$2#222&#%'%!#!#$"%!#! 5%"!5'5!-7&!'(668 $9%#%-$# &!"!5#&'$$3'#!7(66(8%3% 5%)62#2!&$#'&##%!93!%,62# ) 

%"!!!-%3!%#5&#&'!"% %35%"!5#&#%%-35!-%#%-'% 3$%!/!-!&5/'$93!%%%!3'!"&"%!# "&'7(66,87''!!!5!  !2"!''! 22'!.(( (03%3c'%&'&%%22&!!! 2"!''!22'!.   Œ

„24 )#,"'

* 3%!#%' -%9*/9 22&!!'%

-%

c' 52-%!%%$%3' 

/3'%$%"!%&!266$ */ c' -!!&#&%#5!!#!%#52$ #55#52. 22&!! c'%%'!!#22&!$%"#-!5!!9 !-53!%%!#22!!!! % c'#52!!%!'&$9c'#"$!-%#52!!"!"$ !%&5/93%!#%!#!-3!%%%3#!&&$ 3!-!%5/5 &%D9 %!'32!&2  ŒŒ

,"%#'"'*'"#

%"9%&!'&$3!-!-%&-%5B5!! %"$&&%#%-3!'&!2!!-!#'%3' '!-#55"!5$##'-!-3!-% 3!%''#9&!"&'"%!#3!'!"!-# !%!'&$c'5&#!&/%''%93 + 

-%'22&!!%&9%'!-&!-!!'% #"!#!%!5!#!2&&&!#'!!3!!52"! 25#'2!!!$7*!'$(62682!%&#!$' '$5!#&%&!"!5952#%39 "!!'2#!$'!9&&.2#!!&!"& -!#5-7#E
!9(66 26+8 %3'9c'5&'"2 '!525-!#2%2!!c'''''# 3!%!%&!'&$%#&!&5$9%3"93!%%!& #55'&22&!!722'!. 8 "&$%B&3!&-%&5%-'5'2#!$ #%5-!-5/!/ %!' '!!&3!-%- 2'!#!-'!-&#&52!-59%3"9c'%&'/%! 22&!$.2'5/%'#-!%&5!"'  + 

" „$„"&!$#'#,"' +

""„"&

c'!$5!#'!%5!#&5!"!'&$43"9% &%#52$9#&2'3!%%&-''#&'!% !//&2#$!(667@@ 3#&/(6228%9!' 3!%'%#52!!"'-&$#!%5/9%#52$%' '"!"!-&-!"#5$%#&%!#! #!!(66+?,'%#!3'%#52$!(6262'F(+!! !2!9%!!#(667&/(62684#9%!#!3!/ .2!#%3%#52$5-'#'&#%%!-%2!%&-%%

, 

!525!-$2!-A#&#&!-!!!!"%#&' &#%#!"&&'%&5!-!  +

*0"'"% "

%!"!32'&#9--!"#52!-"!!9' 5/!--&'!#:&!'%#52$%!/!#2!&#& 7!!3!'$9(626 (+8$!525!-%!22#%% !!'&-$Ac''!#"%$55!%&'!%'-$ #-!!-&#5'"-%2'.%5/"%&# %3"3%#52$5--!!2!9!#&'!-%' 5&'!2!7 !52G !!#(6268@-!!-(6669%#52$ '2'3#-$7'&'c
(666 -58!5' '&#!-#2'&#!$#&!-.##!-5! 2!7c'(66082!1%!-$9c'22$%##2 !A!*!'$7(626 (,28  l
     
         9 $'&#!-6;2!%-!!-'25'5!".2'!& %#&535!#7c'(6608##'!-!!*! '$7(626 (+)83!%!%!!'#%9%5!##2!!$!5 l                       c'&'%!-$'2'!5&#&!-2#3%# '"2'!$!2#%%%"!-'!-!!-#! ##!-'!-5%2'&#!2#%5-5 &#%%2!-'&##$%2!-%#52$#5$ 0 

5!!!-:&!$7c'(6608%%%'!*!'$ 7(626 (),89&--%%!-$!5!%!-#'"-3%% #52$2'&#!"$3#%#-!"!-!55/'"- "%#52!4#%2'2'$c'#&55!1'A '&#!2'&#!#9#&2'&#'!-%!1!-%&!  !-%!1!-%&!9%2%2''&#2'&#!5-&!9 5+5!!,5!! !#&''#&!"2'!5!! 35-!#7c'(66)8%!-$!!%5!$!*! '$7(626 (,83%#!5%!!:&!'%!!'C& #2!!$2'&#%3#%&c'-$3%5%!!'& '3'!"$5-5/3%9%!- '" 9B-&'>"!(6607c'(66,89&'%2!3 $'#!"9&-%&9!(660'&!-%#!3%% &5!"!'&$#%'9c'%'52!:&!'!$#!&3!%!-! 7!3(6608%#52$!!2&#&5!'%" 5#'#%7c3(6268 c'&#&'!2!!(66)'5#'3#%-!!% '!-3#%$&!#!9&%$"!5$ !'$%!!"!"%%#52$#"53%/$&% 3!%/&2#$'#!952!.F,!!'5- %52!#52!(6267@@ * 9(6228 H%#'""-&  7!*!G$9(626 ()08  43"9$!"!"#52!#&!&#%%&-5-!! &!%!#52!!"97!*!G$9(6268&#%9%

26 

#52$%'"2'&&-!!'5!!!#!'2! 5-!c' 2%&&!!3!%!#&'"25 !"!!5$5!"5'c'2&!'-! #$55'%!3!!'&#!%.3$9% 52$ //2"%!##3!!'#2&-% '!& 5/43"95'5'9c'2.2'!-!2! #!'!2!!!&5!5/7
&#59(6228 %&&!-9'&!%"5#%!!B& &"!"!%#&5/#'!!9&%&&%&9c'%! 2#-C5#!#'-$!''&#-%&5!! 5'#2%%2&!#'2!"#/-C5&! %2-5!3#%-$5#'!%'"25&&5 !#!#!#&'&&!#!!#!43"9%#52$3! 5/5'#%-$!%&&7&5(6608%!-$3! #52!%5#!#&5! %C#!#"%!#9%$!' #!#'%2&-!#!#"%!#%-!#"%"!5 3%!&2%'!-%'!"!-.2!#7(62683%!#%!5 l   
   
  
 "!%!!'22#%7!A!*!'$9(6268c5%! $!3###&'%c'!5&#'!"%5/'!" 2!5   + 

*0"'&'" &'*

22 

c' 52$%#'5$#%-!#!!#2!% :&!''#!!"5-5'#2'%!2 &##&'%!2%&' %"%#2#!$!52#"#%-%-!1!!7*!' $(626 ,+8 !%!23%5-'%-3% %!-!!c#!"'%!29%'%&'# HY                            
  7 $!*!'$(6268  %%%' #$!*!'$7(626 008#!5% HY 
                  

%3'%!2c''!'$-!'!-%

3!A!'9%$52$'#!"-!##%&-%%-!# '%!2&$9%2/!#!!!(66)7&$(6268% -$%&-%c'35'Hc' 93%$%!'%!2$ 25'5!-5-'#9#'"!!9'#%-' %&!55-%52$%%2'.5-'#!'! 2"!!2&2&'!#!#52$$ $!*!' $7(6268%!-$3!5'2"!'!-%5c'3!%%2 #&"!B!'#!!C5/!-'2#!!1!/!9!'#52!!" !%&5!"!'&$-!7
!-%(6268%!-$!!!&#&$ 3!-%&##!#%!"' %c'-$!#52!'%!52#52 59 2'-&$ '%!2-'%!52#%52$ c'3/!--2!!'#%!"&5!"'%!2

2( 

5&'$%'9%#&59%52$%5"9%!"9 #55&!$'%&!#&#!7 (6228 %25!#'&5 !9%#52$/ &#&!2!"7'.5/"&#'!"8! '22!$%.!!-!2&!Ac'%'-'B! #$!'&#!-&#&#9'3/!-%"!#!-%%C ##c'3!'#!&!'3$-#'&#!%# &'&%#%''"25!"&'"%!#3%! #%-!-%5'5!.A%2/##%2#'"25 32'&#'!"!%%#!3'"&7>#&(66+8% 32'&#'5'!%5/!#&'-$!#!&5!3!- %#!--2!#9'"!5$!'$"%!#3!%3# 5!!%!'9%#52$%':&$!#'%29#&%2B# 3&'!"!'3!%&!#7(6268A'%-$"!-'22 53/'#55!595!-.%&''"!7'(6228 %"!!9!2'&3%#52$ -'!"!-2! -3%$%#52$9&%!#&5%!-$3 !5''"2!-#&55!#%5%'7%(6228 ''!!$9%2!3&'!#3!%%-!!5'!!&!-5$ #3'3!'9%%2"!&-$!-#3#25  ''!!%"#9%#&&##c'3 '"2'$%%"!&.52!!'$%'%!2%&-%5-'# ##'!- $!*!'$7(62689%!'%!2$#& 5'!$!-%35-5'!&%52$ %"!&93%!%! ##2!'%!25!-%!/55/!-%'5!2&!"

2 

2%3"!'%"-&!!'%''!#!%22! %-!!&$ !c'9.!-%!$2'%!2!B&!!'9 %$3#!!#%#52$ &##&$ %'"2!-/$ %"!&%#52$5''$52$"!&"% %"!&#52!' !-#%!#'&#!.##9!'!"!'& 3/!-#%'&'!59''!"!-&"9#55&!#!3 '!3%#%#!-&##%&-%-'!%!23!%%9 5&#&9'9&22!9'#!7 !(6268%#52$ '#!! 5/!-!'$%25-57 $!*!'$(6268%! -$3!#$'2'-!"c'%!!$#!''- 5/22&!!#$'!!$'3&'3%2 5-5--52'&#'"25!'!$%! #&5 .2#!!5&!25/7920,)8@$'2!- '#!1'!525!22#%9c' !5!/'"-#!1' '#!!!-.!$'2!'$!525'$%!5#52! 7 !/!'9200)8c''2!%!-$3!5!$ 5-5!'!52"#55&!#!7c'9(6608 

%%%'9%'.-' %!&--!"%

#52$!5!"!5!%##!'$"!2&$ 5-#7 #$!*!'$(6268 %$$9c' 3 $$5&3!%'"25 >#&%5/'&--'!3 3%%#&53'43"9%!-$2"'!!#!'& "!5##9#%#!'#!--2!#7 (6608 -&#/' >3-%!$$9'3&!&'$ 5#c' &####%'#%%'#&'%5-%!'

2 

#5&#&!/$'4'%!2&'#%2!!!$7$ G$(6268 %#52$ !1!%#&!-#&5'9%$ '"2!-%2#!!#&#/'#%#&5&-%922' '"2!-3/$2'&#3#&#!!!&##!3%%&-%! #&&##7$(66,8&#%9c'!"'!%!"!5$ 2'&##&5!#!9!'!"!-!5!'2'&#%3&' !%c'3&'&##$''!!$9%  !2!'% #!2'&#':&!$9#9!#!#$!5&925#9 "&'$7#/!$G /$(66,8c5%!$!3###&'% !!'c'9%!55-5!523%%#% &'%5  + 

*0"'56 /6

c'%!1'%!52##&!-%#!35/9

'%#!$'"2!-%5/%5%"$-!!- &!#52!!"'"-!%&&7 !(6228%&9%#52$% !&'!2!%3%!%5-555!!#2 B&!'!#!c.529&2#&!#'&#&!!%!3!/!- &%-&2"!!#55%%'!#7@'%%! *!'$(6268!#%!!'&!!1%!1 !#5!#2!#$#&%5/!227 $'G&$ (6268%&-%c'%-!#!!#2!9&22$!-"%!# 2!#9!9'&29!#&%5!$%5!#/ '&2745Gc'(6268c.529!'"25 >!% 2 

$(6663-'5!$%5!#5/ "!!*!'$ 7(626 )8#!5%-5/ l      
        H             c'3--$!'.2''%!##5%3'  -2'&#&#/'%#'-2'&##43"9$ '"2!-!"'%-5/'5%c'%%3' #/"!'#%5-!1!7&-'*!'!*!'$(6268'& #52!!5%&5/3%!#%%#'!%!'!#!c'% 52$'#!!'-!5#&!&#% %!9!''9 '!9

&%5!#'D''!!$9'"#5!#55&!#!#%-$ %'c'$##%&-%'"!!-'5/!--!#% -&'!#9!-%#52$##&#5!##3%!#%!!! 3!% "!!*!'$7(626 )8%  l 
      
              %%%'&-'*!'!*!'$7(6268!"% "! !5!/!-&!-%5" B&%-5/#523-'9%'"25 '#&#%%9-&!%"&'!#!"5'C #55#7 !(6228 "%9c' 52$%#&'#!1!2'&# -23%$%$/2%!2&22$#%!#!1''5 #2%#:&!5-!&'$!-%'%!% &'!%5'!"'!"!#2%:&!5

2) 

'!#&!&!-%52&22!'$%!#!1'&22$#%! "'7c'(66084#9%!!-'-3%c'% "$#52%!"3!%#!1'/3'-#2&'5"!&#&!' %!-/3'-'.2!##!"$5!.'3!%%#!1' /3'- c&&#%-!!"%!#.2#'#%%5!#5/ $(62(9'&2$(62%%$!'#!#"%!#3/$&!-#!# 23$3%"%!#93!%!#5&!23!-%'!" 7 !-(6608%C#!#"%!#%5&--'&!!1& & %!-%"-#!#5%'!"%!-$5#%-!% #%-!-%"%!#%$!'&22665!7c&%(6608 $9%2&- !%$!'%''%#%-!-$5%#!#"%!#93!%%$!' #!##%-$9!!#5!#%#&5%#%-'2'!5!!% 22.!5$65!93!%"$3!2%-!! 37 !-!(6608 "9%%$!'3!#52$3!%%"!5''$ 5!!-2!15!!7@#&(666893!%%$'"2' 5 !%!&5C!%C#!#%$!'3!!'%!2& %&''5!'$93!%%5.!7 #%3(668 25%#!#5!!9c'!'"%!#% &5&!2&&#%%'-!9/3c.Cc&"%!# 7 #/(6608%%%$!'!%&&3!#%&5% &/9.52#5!!-!'227$G$(6268 ##'!- $7(66089%&5!-!%"&#'2 5"!!'!$5!'C(62293!%%cC!&#/&!-!C'!

2+ 

71/!(66+8#%-$2'&#!-#'!"%!#!:&!.2!" 7'(66,8A%#9c'!'%!%-&5!!/% .2'!!'cC26$(6(67c'(6608 %2'&#!!""%!#!-!#$!5''!"!$!- #&5&-3$5-!'%3#%-!93%!#%3&' '!$%!'!27 $'G&$(6268c5%!$!3# ##&'%c'!5-%# )6

 ,"'"$""!722'!. 8

. 





%  9!"#' * $!/.2!#%

##52!!"#'%5#C"!5!%&5!"!'&$ 7*!G$(6268 !#!!#%-!&'$##%- #&5'"!5!9&#2!!"#%-!%2!!!$ %&!7%5G@&(6608c'%!#%% 2'. 5/"&#!!#!-!2!9c'!5&# '!"%5/'!"A'%!2$3!%5-'#9.52!!'$!

 A'%2'.-!1!'#!1!9c'!5-% #$'"2!-'!5!#'%3'''#52!! %$!#5%'%"&'"&%2!!c' &5/!% ' !5/ 2!c'!-!/ /&2#$9!5#'35-5!%'%!2!  &$ 3%'"!'3-!%!2!'% c'#52!-9!-% 5-52!!5-%52$9&22!9'9'#&5A3%!#% !&-!-%!$$ ''!!9%!2!''%!2$%!2!' &##%&5!-!9!"!9$-$9'2'&#'!!! 2, 

%"5/%#52$%&'!#!'!:&!5 !5!%#'%&-5!!%2"9%&5! #' 525!!-%'!'!%#&'&& !&4#9!&#%#!#&5#9%!"!:&!$%"%!!! %#52$:&!!"9%#52$%2!'#%'!"!''!(66+9 (66,'(6602'$ $ 4#9%#52$%''3''!#!-&%!2!- .2 #9%I-&' '
"-!%&'- #%&2!%#52$%!"'!3"&-!5 '%&$#!-5&#&!-&!'!!-224#9%#52$ 3!&#/3!%-5&5--'&#%4#9"$ #%!#$#!#&5#9%#52$%3''!#!-

:&$9%#52$##&'2!93%!#%%'%5-! #52!!"'"-!%!'&$ 

 

„"&"!!'  !!5!.##2!9$'&#'9 #&!"!''&#'$

%5 #!"    &25!-!##% 3%!3%!-5

  ,&"   %5-!##55'!  -5 

20

  

!&!52"#$.!!!$  !&'!"5!%$!'#%-$ 
G3!2!!c'#52 3!%##52!&#%4''$    '25--!""!#&&#&!- '#!52"5    !&%!-%"2'&#'"25! !"&#%-$ 5-!-5/2&#%!-$-!  ,&"   -5-!##55'!            

" (6



%599G@&97(6268   
!"    #
  $ &!A!'D!-'5  &%C* '9 7(6269I&$(8 %  &  " ' " (   )*'*"!5 %$!5  
%2 ??333%5$!5#5?&'?(6266+(?';(;,6;00C2!C 3C2C!.C5%C(626C!'C262(2+0%5J##'2%I&$(622
 !&7(6269&-&(+8Y + % ,
 -&  ./ %  "!5
2 !/ 
%2 ??32!/#5?6,()0)6?&/$C Cc'C&5!"CC2!C&2C),C2#C!C!C%%5J##'2%I&$ (622
 &5!"3#57(62280  1"
    
   "!5  
%2 ??333&3#5?22?2#'?!#K L?(622622)? ?62200 00?222J##'2)%I&$(622
 @@ 37(62282 + 3 Y  
  , 
! 
%2 ??333##&/?3?&!C2(2,66,J##'2)%I&$(622
 @&!3/#57(6228H& "!  
%2 ??333&!3/#5?&?&?J##'2)%I&$(622
 @&/$9!#/7(66080 4 %        4' !&!222   @''*7(668#    +    
 ,
  - # 92(?6+9>0 &292(6 

9I7(6228c!-%!-%&-%%*!5743c'945c'' */ "#5%
#!85   "  2  92(C 26

$9 7(66086  $ !%  7    %!9   

!9@7(62281"  6   !   -2
   # 
3/9  &!%!-

$'9*9G&$97(62683  "    !Y $  "!5 #!' 
%2 ??333#!'#5?'#?60222?c'CC@&2!C C &!!!$C &55$J##'2%I&$(622


#/9c47(6608# 2

  0   *!%!5 *!$C> 4C>

(2 

!9I7(6269I&$2683  !%  ,3  "  2  "  "!5#'5$ 
%2 ??333#'5$#5?'2%2K!'L2)0+ J##'2%I&$(622


!-97(6608Y% &   # 7 6   -   &!%!-

9 7(6268% &    3 #)*'' ,% # 
8 - 9"! 51!!# 
%2 ??1!!##5?Kc'C'!#CC@/C"C$C (622CCCCc!C!5C CKG!'L6),)J##'2%I&$(622
 97(6269#5(84     4%  3 l1    "!5%   
%2 ??333%#5?3?#&#!?!#?020((CC!C#&#!C C'CC&'-C&#"!"J##'2%I&$(622
 !$!7(66,8-   :/; 
%!!5$#&/2% %!$!9%! &'$9"!- ''G'! &2D @#&9D@7(6668# 
   !  # 
 "  &&:&9 3 D'?4&&!%!- &'!##57'87   % 4( 8 4  !"! 
%2 ??333'&'!##5?%!$?"!3?5/ 'J##'26%I&$ (622
 #5!#57(6228H' "!5  
%2 ??333#5!#5?'?2+)+(, J##'6'I&$(622
  &2&3#57(6222,9  +922C) c39@7(6269 25(,83  4 !Y   %  
   "!5 5@&!
"!3   
%2 ??333&!"!3&#5?&!C&?'%!2?&!CC -$C%!'C';(;,6;00C5&#&!-C&##J##'2%I&$ (622
 cB&9D7(6229I&$8,   "  "   "!5 *@$ 
%2 ??3333$#5?(622626(+?&C '&$C

%3!-C !'C3%%5J##'2%I&$(622
 (( 

c&%97(66087 6  %  & Y    @#
 


 !C
9 7(66,8  0 !')"  "  0   0 4/9I I%*!$G  9
7(669"528, >Y      
!"'I&$29 (62295%c!# %2 ??$%&!"&#5 '97(6229I&$283  Y
% !3 
 $   9"!5&3  
%2 ??3332#5?!#?(622622?@ 

62?262262?2 (6?C c'C43C5&#%C3!C3/C-J##'2%I&$(622
 97(6269&-&08)*''% # # 7  %%

#  "!54$!'#  
%2 ??333%$!'##5?!'.2%2K2!L#5M#G/L"!3G!'L+,0 G 5!'LJ##'26%I&$(622
 9D7(66,8,
 " 2    #  0  5    Y 9C 4!9 9G
%59c7(668%5# #&5c!5!%c#
'!##%-!# "!,
  
0 9(+C(+ 459c9Gc'9I7(62688  ? 0 !"   "    %&' /9 !   4N%9 7(66(8Y ,
    @ )***4 0& 9 ()C( D97(6269#5((8% &   )*''1"" $ - ': "!5!c&$ O
%2 ??5!?C#C 3?&"?'C2'!#C(622C&CCC3!CC2C 5!!%5POJ##'26%I&$(622


 

9I9>9c94&%99G
&!9 7(6608c#!-#%-!#

%-  &5!5!! #%-$"25!%  5   Y  9(0C() #D!$99GD9 7(66,8 # &%"##@3 ' K 

2 -$'52$ ""5!c'5    
 0  92(C2(+ #5992%&99G &#9
7(668 52!!"!!!-3!%!' # -!#&2 &#&"   
5  92)2C2,6

( 

!9
7(66+8
G3/' -- # "! % % &5! '&$0  &  9(+C) &$9I7(6268     " !&  $    3 /9  .!- &-%9D7(6269 #()8 % &  2&  0 A'.B3=  &   "!5@5-3 O
%2 ??3335-#5?3?(626C26C ()?'C2C2C)0C!!C%!'C:&C2!CC%!-%C&CC#C %5POJ##'(6%#5(626
 &-%9D7(6269I&$(8% &  A).3  "  =  &   &     "!5@5- O
%2 ??3335-#5?3?(626C6+C (?'C2C(C)C!!C#'C:&C2!CC#C#%C%!-%C 2!#%5POJ##'22%I&$(622
 "!9 7(6268 -!#!-c'5    
& 9)+C+, !&3%&!99G*97(668 Y,
   # 
!, Y 3  "  %  5!'- *'%'&  !37(6268# 
# 
83  )-#*%!-9 4  !-" ' $9%5 720008Y# 
    ? !,4  6 )C, ,,,"   
 " Y  &  *%!-  $9 *9G$9c7(6268   2!'**

   
#  # 
Y    & 7&  *%!- 
&#c%c&& #E
!7(668" %
 %#3E4! 52! #E
!7(668"   
%#3E4! 52!9 #E
!7(668

 " %#3E4! 52! #E
!7(668"  ,   " 

2
 &  3   %#3E4! 52! #E
!7(668Y#( # 
%#3E4! 52!9 #E
!7(66!!3! &!-#%(6602' J##'6'I&$(622
 *!9@'9G$9
7(6268" &    (F   &  C'"9452%!  -- !- *'5!7(6268    "!5  
%2 ??3333'5!?#?J##'2%I&$(622
          

() 

   /)$$' )$$' 4 " 3*"!""'"# (6609+205!!3&5!3'3'3!'   !"!'3"'3' 

!

&5&5!'!!!

&2

((0

!#!!#

(2

 ' '

20

!5!#



!''

(

!#

2

 „" %3/!5#57(6228 %5/!I2'%5!#3!55!93%%!!'

&%5!#-3-$%5!5/9@1!9
&!' %!3% --3% (66,93!%%!!-!2!#95&#&!-&#%% &5!"!'&$9#!-#5!!2!#!-2&5#%-! #&5&$!-%!'35!#%!'&$!#%-!-% !#.#52!!5%2&!#2#9'&%#% #&5C"&%&-%!2!""%!#7@''9(668     (+ 

)$$' )#'"'*'"#  )$$'   0""1, ,"#*'"# 

 **""!3"%2!!!$%#!'&$!5!!5

##'!-!7(66+89**"3#&%5$!52'!5 5/$&#%%!-%#2!:&!59-"52!#!'-!! 7Qc!"c#$!%&5! '&$9(6268 #""&&$3"#%#!'&$ #!"' 2!!!$"&!&!%!'&$3&'!&$%'3 "&&$3"97
%5(6608 **""!" $"'!"!'!%#!'&$%*"*&* 3%%&$%"33!#%!-#4#92$!%!'&$%" '!!%!#5%!#52!!#!74!G
%5 (668 *$$""&&"!!#/$"&#&!% .529 %$5$$!'5'&23%''5!5%235$ 3%2#!$3%%$%"&5/%!$#! #%!'!2 7(666843"9%!!!'!#&'$4%7(66(83%-&%% &22!-!!-23!%&!'&$3#&%5$&22!! %5/  "#3!$"&%5B#'#&#% #52!!!%3'93!%%.#2!3'5&#&&#% $! 7#5(668 

(, 

)$$'  0„ /#**'"#  0" 3'-"5-&!%"#'%!!'&$!#%20)65 %-&!#55#&5!#!-##%"!5 '%##&5!  !" %&5!"!'&!-3%$#53!%%''!!35/&#%  %!9 '!9'@1!738 5%2%C5 "!5!&c''%"%!#5&#&!#&'%!-% -!2!#9!#'"!!$5!2!#9'%#'&53 "%!#!-&%&#!$! :9'%!#''5'5% 5-!-#5! '!' %!9%!-%-!2!#3!#!& !&c''%!'&$3% !'B&'#&'!2!#%" !''!$!#(66(95F(625F262!I&29 (66,4!-%-!2!###&#%5!##&5#!'#95! 2!#9'"%!#-53!%3&#5$   *&&"$*#'!'" *  &



+

 



%5!# 20)

(2

(6

(6

2"

--

+ 

 

 

!#!!#

2(

2,

(2+

(+6

"'

+

 

Œ+

- 

"$

" "$ (0 

&%5!# (

6

6

+6

!''

2

(6

6

6

!#

6,

26

6

266



++-

-Π

.Π

 

'2'5!&3%&!'* 7(668  „" 3'$#!$B&'-22%#-$#$&'!" #!$5!-% '5!%!&%!!"$&&#&#-!1%!##&'- %!5/$%%&-%43"9$3%'!"!#"%!#! %&-%3%$7#!'#59'8 &5B&3%!%$ '!"!-3!##93%!#%5/%5&%5"  *&" #%!#!52"5%5'%5'#!-%99'5& !#!#$%"!#2'#9-!9&2!9&9-9 /9'!9$95#529.%&9#9%""'$ !"!93#%-$%!:&$!#&'!3'!-! ! "!!'3/7#!'#59'8c!#9#5&#&'%!3 !"!#%-$!-#'%!%!#%5" %%!#52!3%!#%!5!$&##&!"!7c!1-'9 (668#!#$59#!##9'35!%"% ##%!#!52"5!5"%!#'!- -!#"!" '##!#&9&#%!:&!'22-7 893!-25'-!" -!25#''&#5!!

6 

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

2 

)$$' „24 )#'m!$,"'1„"&#%&  % * $!738c' 52$%"#&' 2!!!1!'"2!-#52#!'/--!"2%5! !#!2!'"2!-22&!! Œ „24 #,"'" „"&*   /7'#' & 5 !:&!'!$9c'!% 2!!'5-%!@!- %A

2%  !#!&
-!' F2)!(66)9% 3&&!26$A  4!-%"!!$35!R !#'#!"!

 '"'%$@!- %#52$%' / -"5!'A

  32#!-! 'A

 r#"'*&#c'%' %!3%$!'2#%-$

4$$"   r&*"  c#&'"253 !"!"&A

 #"$ '#!-'52$  3-5$#&*"$" '!"$'&

*","'"   !-5!!5! &29D'%    32#!-! 'A

 ,*&#

#
G#!"!$ &C!#!'#!##A  m"$"' "# .'5'5'!&5!&2 &!#&5'5'

 „" >!!3!#57(6608

( 

 #"$ '#!-'52$  3-5$#&*"$" '!"$'&  I2#52!"$ --!"!%35/ &!-!'&#'-!2c' % #5/

)$$' r3,"'"*'"**"$$'  $$" c''%!&!'&$#&$#%-'3!%%