Bowers & Wilkins HTM61 S2 Black Ash Benutzerhandbuch

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HTM61 S2
HTM62 S2
Manual
6DKBNLD@MCSG@MJXNTENQBGNNRHMF!NVDQR6HKJHMR
.TQENTMCDQ)NGM!NVDQRADKHDUDCSG@SHL@FHM@SHUDCDRHFM
HMMNU@SHUDDMFHMDDQHMF@MC@CU@MBDCSDBGMNKNFXVDQDJDXRSG@S
BNTKCTMKNBJSGDDMINXLDMSNE@TCHNHMSGDGNLD'HRADKHDEHRNMD
SG@SVDBNMSHMTDSNRG@QD@MCHMROHQDRDUDQXOQNCTBSVDCDRHFM
3GHRHR@GHFGODQENQL@MBDOQNCTBSSG@SQDV@QCRSGNTFGSETK
HMRS@KK@SHNMRNVDRTFFDRSSG@SXNTS@JDRNLDSHLDSNQD@CSGHR
L@MT@KADENQDXNTADFHM"NMSHMTDNMO@FDÆ
!HDMUDMTDDSLDQBHC@UNHQBGNHRH!NVDQR6HKJHMR-NSQD
ENMC@SDTQ)NGM!NVDQRġS@HSODQRT@CġPTTMDBNMBDOSHNM
HL@FHM@SHUDCDRHMMNU@SHNMRDMSDQLDCHMFġMHDQHDDSCDR
SDBGMNKNFHDRO@QLHKDROKTR@U@MBġDRġS@HDMSKDRBKġRNTUQ@MSKDR
ONQSDRCTOK@HRHQCDKġBNTSDĐCNLHBHKD"DPTHKBQNX@HSE@HSO@QSHD
CDBDPTDMNTRBNMSHMTNMRDMBNQDĐO@QS@FDQDSRDQDSQNTUDC@MR
SNTRKDROQNCTHSRPTDMNTRBNMBDUNMR@TINTQCGTH
5NTRCHRONRDYCTMOQNCTHSCNMSKDRG@TSDRODQENQL@MBDR
LġQHSDMSTMDHMRS@KK@SHNMRNHFMġDO@QBNMRġPTDMSMNTRUNTR
RTFFġQNMRCDBNMR@BQDQTMODTCDSDLORĐKHQDBDL@MTDK@U@MS
CDBNLLDMBDQĐKTSHKHRDQ1DMCDYUNTRĒK@O@FDÆ
6HKKJNLLDMADH!NVDQR6HKJHMR#DQ%HQLDMFQŘMCDQ)NGM
!NVDQRV@QCDQ,DHMTMFC@RRDHMVTMCDQRBGŅMDR#DRHFM
DHMDHMMNU@SHUD*NMRSQTJSHNMTMC@TRFDJKŘFDKSD3DBGMNKNFHDM
CHD2BGKŘRRDKYT TCHN$MSDQS@HMLDMSCDQ$WSQ@JK@RRDHM(GQDL
9TG@TRDRHMC6HQSDHKDMRDHMD,DHMTMFTMCIDCDRUNMTMR
DMSVHBJDKSD/QNCTJSA@RHDQSC@Q@TE
#HDRHRSDHMDQRSJK@RRHFDR/QNCTJSCDRRDM(MRS@KK@SHNMTMC
2DSTOFTSCTQBGC@BGSVDQCDMLŘRRDM6HQDLOEDGKDMC@GDQRHBG
DHMVDMHF9DHSYTMDGLDMTMCCHDRD!DCHDMTMFR@MKDHSTMFUNQCDQ
(MRS@KK@SHNMYTKDRDM%NQSRDSYTMF@TE2DHSDÆ
!DMUDMTSHDFQ@YHDODQ@UDQRBDKSNTMOQNCNSSN!NVDQR
6HKJHMR(KMNRSQNENMC@SNQD)NGM!NVDQRDQ@BNMUHMSNBGD
CDRHFM@SSQ@DMSDB@O@BHSĐCHMMNU@QDDSDBMNKNFHD@KK@U@MFT@QCH@
ENRRDQNE@SSNQHUHMBDMSHODQK@QHOQNCTYHNMD@TCHNCNLDRSHB@
+DRTDHCDDRNMN@MBNQNFFHBNMCHUHRDC@MNHSTSSHDENMSD
CHROHQ@YHNMDODQNFMHMTNUNOQNCNSSNBGDQD@KHYYH@LN
0TDRSNLNCDKKNĠTMCHEETRNQDCH@KSDOQDRS@YHNMHBGDLDQHS@CH
DRRDQDHMRS@KK@SNHML@MHDQ@RBQTONKNR@5HRTFFDQH@LNODQS@MSNCH
KDFFDQD@SSDMS@LDMSDPTDRSNL@MT@KDOQHL@CHHMHYH@QD"NMSHMT@
@O@FHM@Æ
!HDMUDMHCNXFQ@BH@RONQDKDFHQ!NVDQR6HKJHMR
)NGM!NVDQRMTDRSQNETMC@CNQDRS@A@jQLDLDMSDBNMUDMBHCN
CDPTDDKCHRDľNHL@FHM@SHUNK@HMFDMHDQİ@HMMNU@CNQ@XK@
SDBMNKNFİ@@U@MY@C@DQ@MK@RBK@UDR@K@GNQ@CDKKDU@QDKCHREQTSD
CDKRNMHCN@K@HMSHLHC@CCDKGNF@Q4M@BQDDMBH@PTDRDFTHLNR
BNLO@QSHDMCNXPTDHMROHQ@SNCNRXB@C@TMNCDKNROQNCTBSNR
PTDCHRDľ@LNR
2HRDHMRS@K@@CDBT@C@LDMSDS@MSNK@'3,2BNLNK@
'3,2DRTMOQNCTBSNPTDNEQDBDTM@ROQDRS@BHNMDRLTX
DKDU@C@RONQKNPTDKDRTFDQHLNRPTD@MSDRCDONMDQRDL@MNR
@K@NAQ@CDCHPTDTMONBNCDRTSHDLON@KDDQDRSDL@MT@K
"NMSHMŕ@DMK@OēFHM@Æ
6DKJNLDMC@MJUNNQCD@@MRBG@EU@MDDMOQNCTBSU@M
!NVDQR6HKJHMR.MYDNOQHBGSDQ)NGM!NVDQRFDKNNECD
HMUHMCHMFQHIJDNMSVDQODMHMMNU@SHDUDDMUNNQTHSRSQDUDMCD
SDBGMNKNFHDUNQLDMCDJDQMV@@QLDDOKDYHDQLDSLTYHDJSGTHR
J@MVNQCDMFDQD@KHRDDQC#DYDUHRHDHRMNF@KSHICNMRTHSF@MFROTMS
DMUNQLSCDHMROHQ@SHDUNNQDKJOQNCTBSC@SVDNMSVHJJDKDM
#HSHRDDMGNNFV@@QCHFOQNCTBSC@SDDMYNQFUTKCHFDHMRS@KK@SHD
UDQCHDMSC@@QNLQ@CDMVDT@@MCDSHICSDMDLDMCDYDG@MCKDHCHMF
SDKDYDMUNNQC@STADFHMS+DDRUDQCDQNOO@FHM@Æ
VVVANVDQRVHKJHMRBNL
Æ
Добро пожаловать и благодарим вас за приобретение
акустики компании Bowers & Wilkins. Наш основатель, Джон
Бауэрс, верил в то, что творческий подход в проектировании,
новаторская конструкция и передовые технологии смогут
открыть людям путь к подлинному звучанию в доме. Мы
продолжаем разделять его веру, и она вдохновляет нас при
проектировании всех новых продуктов.
Эти акустические системы способны на высококачественное
воспроизведение звука, поэтому они заслуживают вдумчивого
подхода к установке, и мы советуем вам уделить некоторое
время на изучение этой инструкции, прежде чем приступить к
прослушиванию. Продолжение на стр. 34 Æ
࠭ჴӋܭ࿨ிာᆖ%RZHUV:LONLQVdགྷମݦต؇֙љഈ-RKQ
%RZHUVྗඕྯ࿲॰ᄗྺ࿂ੑ؇ඃ࢛c֙࿯؇ݟՓဲඃ࢛ߦྗफ
؇࢑෮වঙ౵ࢧຸოྻᄰਣטବ؇ሹ႓ᅏฯdགྷମႩ೸ࢶ՝ኄ๒
؇࿲ளĩӋܐᄯགྷମ๐ᄗԣసඃ࢛ઔܭd
ᇥවႤঢ়ܼခ஡ԣసĩᅿ໪״Пቯࠌிࣞࡨ؆ࢀࢦ؇ო࿔ĩ
მְགྷମࣛგிᅿঙඵПቯಏࠟႤ࿖ඪࢹ኏྇ᅩ٢҉ාԊd؝
ႜࢡဥÆ
$-&+(2'
4MO@BJHMF
"@QSNM"NMSDMSR
'3,2
"GDBJHMSGDB@QSNMENQ
3VNO@QSEN@LOKTFR
2DKE@CGDRHUDOK@RSHBO@CR
'3,2
"GDBJHMSGDB@QSNMENQ
3VNO@QSEN@LOKTF
2DKE@CGDRHUDOK@RSHBO@CR
$MUHQNMLDMS@K(MENQL@SHNM
3GHROQNCTBSBNLOKHDRVHSGHMSDQM@SHNM@KCHQDBSHUDRHMBKTCHMFATS
MNSKHLHSDCSN
H SGD1DRSQHBSHNMNE'@Y@QCNTR2TARS@MBDR1N'2HM
DKDBSQHB@K@MCDKDBSQNMHBDPTHOLDMS
((SGD1DFHRSQ@SHNM$U@KT@SHNM TSGNQHR@SHNM@MCQDRSQHBSHNMNE
"'DLHB@KR1$ "'
HHHSGDCHRONR@KNE6@RSD$KDBSQHB@K@MC$KDBSQNMHB$PTHOLDMS
6$$$
"NMRTKSXNTQKNB@KV@RSDCHRONR@K@TSGNQHSXENQFTHC@MBDNMGNV
OQNODQKXSNQDBXBKDNQCHRONRDNESGHROQNCTBS
'3,2 '3,2
$-&+(2'
2OD@JDQ(MRS@KK@SHNM
(ETRHMF@OQNIDBSHNMSDKDUHRHNMVHSG@M@BNTRSHB@KKXSQ@MRO@QDMS
RBQDDMOK@BDSGDROD@JDQADGHMCSGDBDMSQDNESGDRBQDDM
.SGDQVHRDONRHSHNMHSCHQDBSKX@ANUDNQADKNVSGDRBQDDM
VGHBGDUDQHRBKNRDRSSND@QKDUDK KHFMSGDEQNMSNESGDROD@JDQ
@OOQNWHL@SDKXKDUDKVHSGSGDRBQDDM3GDROD@JDQHRADRSTRDC
LNTMSDCNM@QHFHCRGDKENQV@KKAQ@BJDSNQNM@QHFHCkNNQRS@MC
(ESGDROD@JDQHRSNADOK@BDCDHSGDQNM@RGDKENQHM@Q@BJRG@QDC
VHSGNSGDQ 5DPTHOLDMSjWSGDRDKE@CGDRHUDO@CRSNSGDA@RD
NESGDROD@JDQ3GDXOQNUHCD@CDFQDDNEUHAQ@SHNMHRNK@SHNM
2SQ@XL@FMDSHBkDKCR
3GDROD@JDQCQHUDTMHSRBQD@SDRSQ@XL@FMDSHBjDKCRSG@SDWSDMC
ADXNMCSGDANTMC@QHDRNESGDB@AHMDS6DQDBNLLDMCXNTJDDO
L@FMDSHB@KKXRDMRHSHUD@QSHBKDR"13SDKDUHRHNM@MCBNLOTSDQ
RBQDDMRBNLOTSDQCHRBR@TCHN@MCUHCDNS@ODRRVHODB@QCR@MC
SGDKHJD@SKD@RSLEQNLSGDROD@JDQ+"#.+$#@MCOK@RL@
RBQDDMR@QDMNS@EEDBSDCAXL@FMDSHBjDKCR@MC"13OQNIDBSNQR
@QDSNNE@QEQNLSGDROD@JDQSNAD@EEDBSDC
/NRHSHNMHMF
LL
LL
$-&+(2'
KKBNMMDBSHNMRRGNTKCADL@CDVHSGSGD@TCHNDPTHOLDMS
RVHSBGDCNEE
3GDQD@QDKHMJDCO@HQRNESDQLHM@KRNMSGDA@BJNESGDROD@JDQ
%NQBNMUDMSHNM@KBNMMDBSHNMSGDSDQLHM@KKHMJRRGNTKCQDL@HMHM
OK@BD@RCDKHUDQDC@MCITRSNMDO@HQNESDQLHM@KRBNMMDBSDCSN
SGD@LOKHjDQ%NQAHVHQDBNMMDBSHNMSGDSDQLHM@KKHMJRRGNTKCAD
QDLNUDC@MCD@BGO@HQNESDQLHM@KRBNMMDBSDCSNSGD@LOKHjDQ
HMCDODMCDMSKX!HVHQHMFB@MHLOQNUDSGDQDRNKTSHNMNEKNVKDUDK
CDS@HK
$MRTQDSG@SSGDONRHSHUDSDQLHM@KRNMSGDROD@JDQL@QJDC@MC
BNKNTQDCQDC@QDBNMMDBSDCSNSGDONRHSHUDNTSOTSSDQLHM@KNMSGD
@LOKHjDQ@MCSGDMDF@SHUDSDQLHM@KRNMSGDROD@JDQL@QJDCl@MC
BNKNTQDCAK@BJ@QDBNMMDBSDCSNSGDMDF@SHUDNTSOTSSDQLHM@KNM
SGD@LOKHjDQ(MBNQQDBSBNMMDBSHNMB@MQDRTKSHMONNQHL@FHMF@MC
KNRRNEA@RR
RJXNTQCD@KDQENQ@CUHBDVGDMRDKDBSHMFROD@JDQB@AKD*DDO
HSRSNS@KHLODC@MBDADKNVSGDL@WHLTLQDBNLLDMCDCHMSGD
ROD@JDQRODBHjB@SHNM@MCTRD@KNVHMCTBS@MBDB@AKDSN@UNHC
@SSDMT@SHNMNEGHFGEQDPTDMBHDR
"NMMDBSHNMR
'3,2
'3,2
$-&+(2'
(ESGDRNTMCHRSNNAQHFGSHMBQD@RHMFSGD@LNTMSNERNES
ETQMHRGHMFHMSGDQNNLGD@UHDQBTQS@HMRENQDW@LOKDL@XGDKO
A@K@MBDSGDRNTMC"NMUDQRDKXQDCTBHMFSGD@LNTMSNERNES
ETQMHRGHMFL@XGDKOAQHFGSDM@CTKKRNTMC
$MRTQDSG@SSGDROD@JDQRS@MCRjQLKXNMHSRRTOONQS(E@kNNQ
RS@MCHRTRDCSNRTOONQSSGDROD@JDQTRDB@QODSOHDQBHMFROHJDRHE
@OOQNOQH@SD@MC@CITRSSGDLSNS@JDTO@MXTMDUDMMDRR
!DENQDjMDSTMHMFL@JDRTQDSG@S@KKSGDBNMMDBSHNMRHMSGD
HMRS@KK@SHNM@QDBNQQDBS@MCRDBTQD
,NUHMFSGDROD@JDQRETQSGDQEQNLSGDV@KKRVHKKFDMDQ@KKX
QDCTBDSGDUNKTLDNEA@RR2O@BDADGHMCSGDROD@JDQRVHKK
@KRNGDKOSNBQD@SD@M@TQ@KHLOQDRRHNMNECDOSG"NMUDQRDKX
LNUHMFSGDROD@JDQRBKNRDQSNSGDV@KKRVHKKHMBQD@RDSGD
UNKTLDNEA@RR(EXNTV@MSSNQDCTBDSGDUNKTLDNEA@RR
VHSGNTSLNUHMFSGDROD@JDQRETQSGDQEQNLSGDV@KKjSSGD
EN@LOKTFRNQENQKDRRRDUDQDA@RRQDCTBSHNMSGDEN@LQHMFR
HMSGDONQSSTADR@ANUD
(ESGDA@RRRDDLRTMDUDMVHSGEQDPTDMBXSGHRVHKKLNRS
OQNA@AKXADCTDSNQDRNM@MBDLNCDRHMSGDKHRSDMHMFQNNL
$UDMRL@KKBG@MFDRHMSGDONRHSHNMNESGDROD@JDQRNQSGD
KHRSDMHMFONRHSHNMB@MG@UD@OQNENTMCDEEDBSNMGNVSGDRD
QDRNM@MBDR@EEDBSSGDRNTMC3QXLNUHMFSGDKHRSDMHMFONRHSHNM
NQKNB@SHMFSGDROD@JDQR@KNMF@CHEEDQDMSV@KK3GDOQDRDMBD
@MCONRHSHNMNEK@QFDOHDBDRNEETQMHSTQDB@M@KRNHMkTDMBD
QDRNM@MBDLNCDR
%HMD3TMHMF
'3,2 '3,2
$-&+(2'
3GDODQENQL@MBDNESGDROD@JDQVHKKBG@MFDRTASKXCTQHMFSGD
HMHSH@KKHRSDMHMFODQHNC(ESGDROD@JDQG@RADDMRSNQDCHM@BNKC
DMUHQNMLDMSSGDC@LOHMFBNLONTMCR@MCRTRODMRHNML@SDQH@KR
NESGDCQHUDTMHSRVHKKS@JDRNLDSHLDSNQDBNUDQSGDHQBNQQDBS
LDBG@MHB@KOQNODQSHDR3GDCQHUDTMHSRTRODMRHNMRVHKK@KRNKNNRDM
TOCTQHMFSGDjQRSGNTQRNETRD3GDSHLDS@JDMENQSGDROD@JDQSN
@BGHDUDHSRHMSDMCDCODQENQL@MBDVHKKU@QXCDODMCHMFNMOQDUHNTR
RSNQ@FDBNMCHSHNMR@MCGNVHSHRTRDC R@FTHCD@KKNVTOSN
@VDDJENQSGDSDLODQ@STQDDEEDBSRSNRS@AHKHRD@MCGNTQRNE
@UDQ@FDTRDENQSGDLDBG@MHB@KO@QSRSN@SS@HMSGDHQHMSDMCDC
CDRHFMBG@Q@BSDQHRSHBR
'NVDUDQKNMFDQQTMHMODQHNCR@RKNMF@R@LNMSGG@UD
ADDMQDONQSDC@MCSGDQDHRDUHCDMBDSNRTFFDRSSG@SSGHRG@R
KHSSKDSNCNVHSGSGDROD@JDQBG@MFHMF@MCLNQDSNCNVHSGSGD
KHRSDMDQFDSSHMFTRDCSNSGDMDVRNTMC3GHRHRDRODBH@KKXRNVHSG
GHFGKXQDUD@KHMFROD@JDQRRTBG@RSGDRDVGDQDSGDQDL@XAD@
RHFMHjB@MSHMBQD@RDHMSGD@LNTMSNECDS@HKBNLO@QDCVHSGVG@S
SGDKHRSDMDQG@ROQDUHNTRKXADDMTRDCSNSGDRNTMCL@X@SjQRS
@OOD@QSNNfTOEQNMSt@MCODQG@OR@KHSSKDG@QC ESDQ@MDWSDMCDC
ODQHNCNESHLDSGDRNTMCVHKKRDDLSNLDKKNVATSVHSGNTSKNRHMF
BK@QHSX@MCCDS@HK
3GDB@AHMDSRTQE@BDRVHKKTRT@KKXNMKXQDPTHQDCTRSHMF(EXNTVHRG
SNTRD@M@DQNRNKNQNSGDQBKD@MDQ@OOKXSGDBKD@MDQNMSNSGD
BKNSGMNSCHQDBSKXNMSNSGDOQNCTBS@MCSDRS@RL@KK@QD@jQRS
@RRNLDBKD@MHMFOQNCTBSRL@XC@L@FDRNLDNESGDRTQE@BDR
UNHCOQNCTBSRSG@S@QD@AQ@RHUDNQBNMS@HM@BHC@KJ@KHNQ
@MSHA@BSDQH@K@FDMSR,@QJRNMSGDO@HMSRTQE@BDL@XADQDLNUDC
VHSG@CHKTSDODQETLDEQDDRN@ORNKTSHNM1DLNUD@MXQDL@HMHMF
RSQD@JL@QJRAXROQ@XHMFVHSG@OQNOQHDS@QXFK@RRBKD@MDQ@MC
KHFGSKXVHOHMFCQXVHSG@LHBQNjAQDBKNSG#NMNSTRDBKD@MHMF
@FDMSRNMSGDCQHUDTMHSR@MC@UNHCSNTBGHMFSGDL@RC@L@FD
L@XQDRTKS
1TMMHMF(M  ESDQB@QD
%1 -Ê (2
#ġA@KK@FD
5ĢQHkB@SHNMCTBNMSDMTCDKDLA@KK@FD
'3,2
5ĢQHkDYPTDKDB@QSNMBNMSHDMMDAHDM
S@LONMRDMLNTRRD
OHDCROK@RSHPTD@TSN@CGġRHER
'3,2
5ĢQHkDYPTDKDB@QSNMBNMSHDMMDAHDM
S@LONMDMLNTRRDDMCDTWO@QSHDR
OHDCROK@RSHPTD@TSN@CGġRHER
(MENQL@SHNMRTQKDMUHQNMMDLDMS
"DOQNCTHSDRSBNMENQLD@UDBKDRCHQDBSHUDRHMSDQM@SHNM@KDRX
BNLOQHRL@HRR@MRRDKHLHSDQĐ
H K@KHLHS@SHNMCDRRTARS@MBDRC@MFDQDTRDR1N'2C@MRKDR
ġPTHODLDMSRġKDBSQHPTDRDSġKDBSQNMHPTDR
HH KDMQDFHRSQDLDMSKġU@KT@SHNMK@TSNQHR@SHNMDSK@QDRSQHBSHNM
CDRRTARS@MBDRBGHLHPTDR1$ "'
HHH KġKHLHM@SHNMCDRCġBGDSRġKDBSQHPTDRDSġKDBSQNMHPTDR
6$$$
"NMRTKSDYUNSQDNQF@MHRLDKNB@KCġKHLHM@SHNMCDRCġBGDSRONTQ
CDRBNMRDHKRRTQK@E@ĝNM@OOQNOQHġDCDQDBXBKDQNTCDIDSDQBD
OQNCTHS
'3,2 '3,2
%1 -Ê (2

/NRHSHNMMDLDMSCDKDMBDHMSD
2HUNTRTSHKHRDYTMUHCġNOQNIDBSDTQDSTMġBQ@M@BNTRSHPTDLDMS
SQ@MRO@QDMSONRHSHNMMDYKDMBDHMSDITRSDCDQQHĠQDDS@TBDMSQDCD
KġBQ@M2HMNMHMRS@KKDYK@ITRSD@TCDRRTRNTITRSD@TCDRRNTR
CDKġBQ@MDSRHONRRHAKDĐG@TSDTQCDUNSQDNQDHKKD KHFMDYKD
ANQC@U@MSCDKDMBDHMSD@UDBKDANQCCDK@SNHKD+DMBDHMSDCDUQ@
CDOQġEġQDMBDĢSQDHMRS@KKġDRTQTMDġS@FĠQDQHFHCDTMRTOONQS
LTQ@KNTRTQTMRTOONQSRS@MCCġCHġ2HUNTRHMRS@KKDYKDMBDHMSD
C@MRTMDAHAKHNSGĠPTDNTC@MRTMQ@BJ@UDBC@TSQDR@OO@QDHKR
@TCHNUHCġNRġBTQHRDYRNMDLOK@BDLDMS@TLNXDMCDRPT@SQD
OHDCR@TSN@CGġRHERPTHUNTROK@BDQDYRNTRKDMBDHMSD"DROHDCR
NEEQHQNMSTMDANMMDHRNK@SHNMUHRĐUHRCDRUHAQ@SHNMR
"G@LORL@FMĢSHPTDR
+DRG@TSO@QKDTQRĐKHMSġQHDTQCDKDMBDHMSDFġMĠQDMSCDRBG@LOR
L@FMġSHPTDRPTHODTUDMSRġSDMCQD@TCDKĐCTBNEEQDSCD
KDMBDHMSD-NTRUNTRQDBNLL@MCNMRCNMBCDSDMHQġKNHFMġRC@T
LNHMRŰBDMSHLĠSQDRCDRDMBDHMSDRKDR@OO@QDHKRRDMRHAKDRĐBDR
BG@LORL@FMġSHPTDRSġKġUHRHNMRDSLNMHSDTQRHMENQL@SHPTDRĐ
STADB@SGNCHPTD"13B@RRDSSDRDSA@MCDRL@FMġSHPTDR@TCHN
DSUHCġNB@QSDRL@FMġSHPTDRDSB+DRġBQ@MR+"#.+$#DS
OK@RL@MDRNMSO@R@EEDBSġRO@RKDRBG@LORL@FMġSHPTDR
/NRHSHNMMDLDMS
LL
LL
%1 -Ê (2
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3NTRKDRAQ@MBGDLDMSRCNHUDMSĢSQDDEEDBSTġRKDR@OO@QDHKRġS@MS
SNTRġSDHMSR
(KX@CDTWO@HQDRCDOQHRDRQġTMHDRDMSQDDKKDRĐK@QQHĠQDCD
BG@PTDDMBDHMSD/NTQKDRAQ@MBGDLDMSRBK@RRHPTDRKDR
BNMMDWHNMRQDKH@MSKDROQHRDRBNLLDHMRS@KKġĐK@KHUQ@HRNMCNHUDMS
HLOġQ@SHUDLDMSQDRSDQDMOK@BDTMDRDTKDO@HQDCDOQHRDRġS@MS
@KNQRQDKHġDĐK@LOKHjB@SDTQ$MB@RCDAHBĒAK@FDKDRKHDMRRDQNMS
QDSHQġRDSBG@PTDO@HQDCDOQHRDRRDQ@@KNQRQDKHġDĐK@LOKHjB@SDTQ
CDL@MHĠQDHMCġODMC@MSD"DOQHMBHODCDAHBĒAK@FDODQLDS
C@LġKHNQDQK@QġRNKTSHNMDSK@PT@KHSġCDROKTRjMRCġS@HKR
!Q@MBGDYK@OQHRDgONRHSHEuCDKDMBDHMSDOQHRDCDBNTKDTQQNTFD
@UDBKDQDOĠQDguRTQK@OQHRDCDRNQSHDDMBDHMSDgONRHSHEuCD
K@LOKHjB@SDTQDSAQ@MBGDYK@OQHRDgMġF@SHEuOQHRDCDBNTKDTQ
MNHQD@UDBKDQDOĠQDgluRTQK@OQHRDgMġF@SHEuCDK@LOKHjB@SDTQ
+DMNMQDRODBSCDBDSSDONK@QHSġOKTRLNHMRDMSQ@ıMDTMDHL@FD
RSġQġNOGNMHPTDCġFQ@CġDDSTMDODQSDC@MRKDFQ@UD
#DL@MCDYBNMRDHKĐUNSQDQDUDMCDTQONTQKDBGNHWCTBĒAKD
TSHKHRġ+HLOġC@MBDSNS@KDCDBG@QFDMDCNHSI@L@HRĢSQDHMEġQHDTQD
@TLHMHLTLQDBNLL@MCġC@MRKDRROġBHjB@SHNMRDSKDBĒAKDCNHS
OQġRDMSDQTMDE@HAKDHMCTBS@MBD@jMCġUHSDQSNTSD@SSġMT@SHNM
CDREQġPTDMBDR@HFTĤR
"NMMDWHNMR
'3,2
'3,2
%1 -Ê (2

2HKDMHUD@TCDFQ@UDUNTRO@Q@ıSSNTSCDLĢLDDMBNQDSQNO
HLONQS@MSBDK@DRSFġMġQ@KDLDMSCŖĐCDRLNCDRCDQġRNM@MBDR
O@Q@RHSDRC@MRK@OHĠBDCġBNTSD4MDLNCHjB@SHNMLĢLDKġFĠQD
CDK@ONRHSHNMCDRDMBDHMSDRC@MRK@OHĠBDODTS@KNQR@UNHQONTQ
DEEDSCDR@LġKHNQ@SHNMRSQĠRRDMRHAKDR$RR@XDYCDOK@BDQKDR
DMBDHMSDRKDKNMFCTM@TSQDLTQCDK@OHĠBD+DCġOK@BDLDMS
CDRLDTAKDRKDROKTRDMBNLAQ@MSRODTSġF@KDLDMSRDMRHAKDLDMS
LNCHjDQKDRQġRTKS@SRRNMNQDR
2HKDRNMO@Q@ıSSQNOAQHKK@MS@INTSDYCDRLDTAKDRNTġKġLDMSR
@LNQSHRR@MSRC@MRK@OHĠBDO@QDWDLOKDCDRS@OHROKTR
MNLAQDTWNTġO@HR(MUDQRDLDMSQġCTHRDYKHMkTDMBDCDSDKR
ġKġLDMSRRHKDRNMRDLAKDSQNORNTQCNTġSDHMS
RRTQDYUNTRPTDKDMBDHMSDDRSEDQLDLDMSONRHSHNMMġDRTQRNM
RTOONQS2HUNTRTSHKHRDYTMOHDCRTOONQSNTfRS@MCtRTQKDPTDK
UNTR@UDYONRġKDMBDHMSDRDQUDYUNTRCDRONHMSDRONTQKDB@R
ġBGġ@MSODQBDQK@LNPTDSSDDSCHRONRDQ@HMRHCTMDA@RDRS@AKD
ITRSDYK@G@TSDTQCDRONHMSDRONTQġPTHKHAQDQO@QE@HSDLDMS
KDRS@MC
U@MSCDOQNBġCDQĐBDRQġFK@FDRUġQHjDYPTDSNTRKDR
AQ@MBGDLDMSRRNMSBNQQDBSDLDMSDEEDBSTġRC@MRSNTSD
KHMRS@KK@SHNMDSEDQLDLDMSRġBTQHRġR
#ġB@KDQKDRDMBDHMSDRO@QQ@OONQS@TWLTQRCDK@OHĠBD@
FġMġQ@KDLDMSONTQDEEDSCDQġCTHQDKDMHUD@TFġMġQ@KCT
FQ@UD4MDRO@BDRTEjR@MSCDQQHĠQDKDRDMBDHMSDR@BNTRSHPTDR
ODQLDSġF@KDLDMSC@LġKHNQDQK@RDMR@SHNMCDOQNENMCDTQCD
K@QDOQNCTBSHNMRNMNQD(MUDQRDLDMSTMQ@OOQNBGDLDMSCDR
DMBDHMSDRO@QQ@OONQS@TWBKNHRNMRCDK@OHĠBDDMSQ@ıMDTMD
@TFLDMS@SHNMCTMHUD@TCTFQ@UD/NTQQġCTHQDKDMHUD@TCDFQ@UD
R@MRLNCHjDQK@ONRHSHNMCDRDMBDHMSDRTSHKHRDYKDRS@LONMRCD
LNTRRDENTQMHRC@MRKDRġUDMSRCDCġBNLOQDRRHNMNTRHKD
MHUD@TCDFQ@UDĐBNQQHFDQQDRSDKHLHSġTSHKHRDYTMHPTDLDMSKDR
@MMD@TWCDLNTRRDĐK@OK@BDCDRS@LONMRBNLLDHKKTRSQġ
BHCDRRTR
2HUNTRCġRHQDYQġCTHQDRDMRHAKDLDMSKDMHUD@TCDFQ@UDR@MR
ONTQ@TS@MSLNCHjDQK@ONRHSHNMCDRDMBDHMSDRO@QQ@OONQS
@TWLTQROK@BDYTMCDRS@LONMRCDLNTRRDC@MRKġUDMS
CDCġBNLOQDRRHNM/NTQ@BBġCDQĐBDRġUDMSRQDSHQDYK@FQHKKD
EQNMS@KDCDRDMBDHMSDRDMK@SHQ@MSCNTBDLDMSUDQRK@U@MS
 ITRSDLDMSR
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RTASHKDLDMSODMC@MSTMDOġQHNCDCDQNC@FDHMHSH@KD2HKDMBDHMSD
@ġSġRSNBJġDC@MRTMDMUHQNMMDLDMSCDE@HAKDSDLOġQ@STQDRDR
BNLONR@MSR@LNQSHRR@MSRDSKDRRTRODMRHNMRCDRG@TSO@QKDTQR
UNMSCDL@MCDQTMODTCDSDLOR@U@MSCDQDSQNTUDQKDTQRPT@KHSġR
LġB@MHPTDRNOSHL@KDR#DOKTRBDRRTRODMRHNMRUNMSġF@KDLDMS
RDgKHAġQDQuODMC@MSKDROQDLHĠQDRGDTQDRCTSHKHR@SHNM"DSDLOR
CDQNC@FDDRSU@QH@AKDRTHU@MSK@SDLOġQ@STQDCDRSNBJ@FDDSK@
L@MHĠQDCNMSUNTRTSHKHRDYKDRDMBDHMSDR$MLNXDMMDBNLOSDY
TMVDDJDMCONTQPTDKDRDEEDSRCDK@SDLOġQ@STQDRDRS@AHKHRDMS
DSTMDPTHMY@HMDCGDTQDRCTSHKHR@SHNMMNQL@KDONTQPTDSNTRKDR
BNLONR@MSRLġB@MHPTDR@SSDHFMDMSKDENMBSHNMMDLDMSO@QE@HS
BNQQDRONMC@MSĐKDTQBNMBDOSHNMLġB@MHPTD
"DODMC@MSCDROġQHNCDROKTRKNMFTDRITRPTĐTMLNHRNMS
ġSġQDKDUġDRL@HRHKRDLAKDPTDBDK@RNHSCŖTMODTĐB@TRDCT
QNC@FDCDRDMBDHMSDRDSAD@TBNTOO@QBDPTDK@TCHSDTQCNHS
RDE@LHKH@QHRDQ@UDBKDMNTUD@TRNMŬ"DRSO@QSHBTKHĠQDLDMSKD
B@RHBH@UDBCDRDMBDHMSDRDWSQĢLDLDMSCġjMHDRB@O@AKDRCD
QDOQNCTHQDTMMHUD@TCDCġS@HKDWBDOSHNMMDKKDLDMSġKDUġOKTRPTD
BDĐPTNHR@SSDMC@HSK@TCHSDTQRHLOKDLDMS@TCġATSBDRNM
ODTSRDLAKDQTMSNTSODSHSODTgOQNIDSġuDM@U@MSDSAQHKK@MS½K@
jMCDK@OġQHNCDCDQNC@FDKDRNMRDLAKDQ@OKTRMDTSQDR@MRMD
QHDMODQCQDONTQ@TS@MSCDRDRPT@KHSġRDMSDQLDCDSQ@MRO@QDMBD
DSCDRDMRCTCġS@HK
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PTTMRHLOKDCġONTRRHġQ@FD2HUNTRRNTG@HSDYTSHKHRDQTM
OQNCTHSDM@ġQNRNKNTSNTS@TSQDOQNCTHSMDSSNX@MSU@ONQHRDYKD
OQNCTHSRTQKDSHRRTDSO@RCHQDBSDLDMSRTQK@RTQE@BDCTBNEEQDS
DSE@HSDRC@ANQCTMSDRSRTQTMDODSHSDRTQE@BDB@QBDQS@HMR
OQNCTHSRODTUDMSR@UġQDQMġE@RSDRÍUHSDQKDROQNCTHSR@AQ@RHER
NTBDTWPTHBNMSHDMMDMSCDK@BHCDCDK@LLNMH@PTDNTCDR
@FDMSR@MSHA@BSġQHDMR+DRSQ@BDRRTQKDRRTQE@BDRODHMSDR
ODTUDMSĢSQDŃSġDR@UDBCDKD@TDSCTR@UNMCHKTġR@MRO@QETL
$MKDUDQKDRġUDMSTDKKDRL@QPTDRQġRHRS@MSDRDMOTKUġQHR@MSTM
OQNCTHSCDMDSSNX@FDHMCTRSQHDKONTQUHSQDRPTDUNTRDRRTHDQDY
BNLOKĠSDLDMSĐK@HCDCTMBGHEENMRDBDMLHBQNjAQDR-DO@R
DLOKNXDQCDOQNCTHSRMDSSNX@MSRRTQKDRG@TSO@QKDTQRDSġUHSDY
C@MRSNTRKDRB@RCXSNTBGDQONTQMDO@RKDRDMCNLL@FDQ
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HCHD!DRBGQĔMJTMFCDQ5DQVDMCTMFADRSHLLSDQFDEĔGQKHBGDQ
2SNEEDHM$KDJSQNTMC$KDJSQNMHJFDQĔSDM1DRSQHBSHNMNE
'@Y@QCNTR2TARS@MBDRJTQY1N'2FDM@MMS
HHCHD1DFHRSQHDQTMF!DVDQSTMF9TK@RRTMFTMC
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LHSCDL5DQRSĔQJDQUDQATMCDM!H6HQHMFJ@MMCHD#DS@HKSQDTDHL
3HDESNMADQDHBGUDQADRRDQM
2SDKKDM2HDRHBGDQC@RRONRHSHUDQNSDTMCLHSFDJDMMYDHBGMDSD
MRBGKTRRJKDLLDM@L+@TSROQDBGDQLHSCDLONRHSHUDM
TRF@MF@L5DQRSĔQJDQTMCMDF@SHUDRBGV@QYDTMCLHSl
FDJDMMYDHBGMDSD MRBGKTRRJKDLLDMLHSCDLMDF@SHUDM
TRF@MF@L5DQRSĔQJDQUDQATMCDMVDQCDM$HMMHBGSJNQQDJSDR
MRBGKHDDMCDQ*@ADKJ@MMYTDHMDQ5DQRBGKDBGSDQTMFCDR*K@MF
AHKCDRTMCYT!@RRUDQKTRSDMEŘGQDM
+@RRDM2HDRHBGADHCDQ TRV@GKCDQ+@TSROQDBGDQJ@ADKUNM(GQDL
@TSNQHRHDQSDM%@BGGĔMCKDQADQ@SDM#HD&DR@LSHLODC@MYRNKKSD
TMSDQG@KACDQHMCDM3DBGMHRBGDM#@SDM@MFDFDADMDML@WHL@KDM
*@ADKHLODC@MYKHDFDM(MRADRNMCDQDRNKKSDC@RYTL'NBGSŅMDQ
EŘGQDMCD*@ADKDHMDFDQHMFD(MCTJSHUHSĔSADRHSYDMC@RDGQGNGD
3ŅMDRNMRSFDCĔLOESVDQCDM
 MRBGKHDDMCDQ+@TSROQDBGDQ
'3,2
'3,2
#$432"'
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(RSCDQ*K@MFYTRBGQHKKGHKESCHD5DQVDMCTMFVDHBGDQ
$HMQHBGSTMFRFDFDMRSĔMCDVHDY!RBGVDQDQ5NQGĔMFD
4LFDJDGQSRNKKSDL@MADHCTLOEDLKDAKNRDL*K@MFCHD
5DQVDMCTMFRNKBGDQ$HMQHBGSTMFRFDFDMRSĔMCD@TEDHM,HMHLTL
QDCTYHDQDM
5DQFDVHRRDQM2HDRHBGC@RRCDQ+@TSROQDBGDQEDRS@TERDHMDQ
4MSDQK@FDRSDGS2HSYSCDQ+@TSROQDBGDQ@TEDHMDL2SĔMCDQTMC
KHDFSC@QTMSDQ3DOOHBGANCDMRNUDQVDMCDM2HD2OHJDRCHD
CTQBGCDM3DOOHBGGHMCTQBGFDGDMTMCCHDRNDHMFDRSDKKSVDQCDM
JŅMMDMC@RR4MDADMGDHSDM@TRFDFKHBGDMVDQCDM
5DQFDVHRRDQM2HDRHBGUNQCDQ%DHM@ARSHLLTMF(GQDR2XRSDLR
MNBGDHML@KC@RR@KKD5DQAHMCTMFDMQHBGSHFGDQFDRSDKKSVTQCDM
TMC@KKD*@ADKNQCMTMFRFDLĔ@MFDRBGKNRRDMRHMC
$HMFQŅDQDQ ARS@MCYVHRBGDM+@TSROQDBGDQMTMC6ĔMCDMEŘGQS
YTDHMDQ1DCTYHDQTMFCDR!@RRMHUD@TR#DQ1@TLGHMSDQCDM
+@TSROQDBGDQMRBG@EES@TBGDHMDM$HMCQTBJCDQ3HDED4LFDJDGQS
VHQCC@R!@RRMHUD@TDQGŅGSVDMMCHD+@TSROQDBGDQMĔGDQ@M
CHD6ĔMCDFDRSDKKSVDQCDM,ŅBGSDM2HDC@R!@RRMHUD@TQDCT
YHDQDMNGMDCDM ARS@MCYVHRBGDM+@TSROQDBGDQMTMC6@MCYT
UDQFQŅDQMRDSYDM2HDCHD2BG@TLRSNEEDHMRĔSYDNCDQlVDMM2HD
DHMDFDQHMFDQD1DCTYHDQTMFCDR!@RRMHUD@TRVŘMRBGDMlMTQCHD
2BG@TLRSNEEQHMFDHMCHD!@RRQDkDWŅEEMTMFDMDHMRHDGDNADM
2SDGSC@R!@RRMHUD@TMHBGSHL$HMJK@MFLHSCDQ%QDPTDMYRNHRS
CHDR@TERS@QJD1DRNM@MYDMHL1@TLYTQŘBJYTEŘGQDM2DKARS
JKDHMRSDÁMCDQTMFDMADHCDQ+@TSROQDBGDQONRHSHNMHDQTMFAYV
HMCDQ'ŅQONRHSHNMJŅMMDMDHMDDQGDAKHBGD6HQJTMF@TECHD
V@GQFDMNLLDMD*K@MFPT@KHSĔSG@ADM2NĔMCDQSRHBGCHD*K@MF
PT@KHSĔSADHROHDKRVDHRDVDMM2HDCHD'ŅQONRHSHNMUDQĔMCDQMNCDQ
CHD+@TSROQDBGDQ@MDHMD@MCDQD6@MCFDRSDKKSVDQCDM TBGC@R
5NQG@MCDMRDHMFQNDQ,ŅADKRSŘBJDTMCCDQDM/NRHSHNMJŅMMDM
DQGDAKHBGD TRVHQJTMFDMG@ADM
%DHM@ARSHLLTMF
'3,2 '3,2
#$432"'
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(MCDQ$HMK@TEOG@RDFHASDREDHMD4MSDQRBGHDCDHMCDQ
6HDCDQF@ADPT@KHSĔSCDR+@TSROQDBGDQR6TQCDDQHMDHMDQ
JŘGKDM4LFDATMFFDK@FDQSRNVHQCDRDHMHFD9DHSC@TDQMAHR
CHD#ĔLOETMFRJNLONMDMSDMTMCCHDEŘQCHD TEGĔMFTMFCDQ
"G@RRHRDHMFDRDSYSDM6DQJRSNEEDHGQDNOSHL@KDMLDBG@MHRBGDM
$HFDMRBG@ESDMADRHSYDM#HD TEGĔMFTMFCDQ"G@RRHRVHQC
LHSCDMDQRSDM!DSQHDARRSTMCDMADVDFKHBGDQ#HD9DHSCHDCDQ
+@TSROQDBGDQADMŅSHFSTLRDHMDL@WHL@KD+DHRSTMFREĔGHFJDHS
YTDMSVHBJDKMRBGV@MJS@AGĔMFHFUNMCDMUNQGDQHFDM+@FDQ
TMC$HMR@SYADCHMFTMFDM&QTMCRĔSYKHBGJ@MML@MR@FDM
C@RRDRDHMD6NBGDC@TDQSAHRRHBGCHD+@TSROQDBGDQM@BG
3DLODQ@STQDHMVHQJTMFDMRS@AHKHRHDQSG@ADM!DSQHDARRSTMCDM
RHMCDQENQCDQKHBGAHRCHDLDBG@MHRBGDM3DHKDHGQD%TMJSHNMVHDADH
CDQ*NMRSQTJSHNMEDRSFDKDFSDQEŘKKDMJŅMMDM
)DCNBGHRSTMRRBGNMUNMKĔMFDQDM$HMK@TEOG@RDMAHRYTDHMDL
,NM@SADQHBGSDSVNQCDM,@MJ@MM@ADQC@UNM@TRFDGDMC@RR
CHDRDQ$HMCQTBJDGDQLHSCDL'ŅQDQYTSTMG@SCDQ@TEFQTMC
CDQGNBGVDQSHFDM*K@MFPT@KHSĔSCHDRDQ+@TSROQDBGDQIDSYS#DS@HKR
V@GQMHLLSCHDUNQGDQMHBGSYTGŅQDMV@QDM#DQ*K@MFL@FHGL
YTMĔBGRSUHDKKDHBGSDSV@RG@QSDQRBGDHMDM ADQM@BGFDQ@TLDQ
9DHSVHQCDQVDHBGDQNGMDC@ADH@M#DS@HKSQDTDYTUDQKHDQDM
#HD&DGĔTRDNADQkĔBGDLTRRHMCDQ1DFDKMTQ@AFDRS@TAS
VDQCDM!DH5DQVDMCTMFDHMDR DQNRNKNCDQRNMRSHFDM1DHMHFDQR
ROQŘGDM2HDCHDRDM@TEDHM3TBGMHDL@KRCHQDJS@TEC@R&DGĔTRD
3DRSDM2HDYTDQRS@MDHMDQJKDHMDMTM@TEEĔKKHFDM2SDKKDC@DHMHFD
1DHMHFTMFROQNCTJSDL@MBGD.ADQkĔBGDMADRBGĔCHFDMJŅMMDM
5DQVDMCDM2HDJDHMDRBG@QEDMNCDQRĔTQDAYV@KJ@KHG@KSHFDM
NCDQ@MSHA@JSDQHDKKDM/QNCTJSD%KDBJDM@TECDQ+@BJNADQkĔBGD
JŅMMDMLHSDHMDQUDQCŘMMSDMO@QEŘLEQDHDM2DHEDMKŅRTMF
ADRDHSHFSVDQCDM5DQVDMCDM2HDYTL$MSEDQMDMUNM2SQDHEDM
DHMDMG@MCDKRŘAKHBGDM&K@RQDHMHFDQTMCVHRBGDM2HDCHD%KĔBGD
UNQRHBGSHFLHSDHMDL,HJQNE@RDQSTBGSQNBJDM5DQVDMCDM2HD
EŘQCHD"G@RRHRJDHMD1DHMHFTMFRLHSSDK5DQLDHCDM2HDDRCHD
+@TSROQDBGDQBG@RRHRYTADQŘGQDMC@CHDRYT!DRBGĔCHFTMFDM
EŘGQDMJ@MM
$HMK@TEOG@RD /kDFD
$2/ ì.+
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#DRDLA@K@ID
+@"@I@CDK$LA@K@ID"NMSHDMD
'3,2
5DQHkPTDPTDDMDKDLA@K@IDkFTQDMKNRRHFTHDMSDR
DKDLDMSNR
3@ONMDRCDDROTL@CDCNRO@QSDR
3@BNRCDOKđRSHBN@TSN@CGDRHUNR
'3,2
5DQHkPTDPTDDMDKDLA@K@IDkFTQDMKNRRHFTHDMSDR
DKDLDMSNR
3@OłMCDDROTL@CDCNRO@QSDR
3@BNRCDOKđRSHBN@TSN@CGDRHUNR
(MENQL@BHŃM1DK@SHU@@K@/QNSDBBHŃMCDK,DCHN LAHDMSD
$RSDOQNCTBSNR@SHRE@BDU@QH@RCHQDBSHU@RHMSDQM@BHNM@KDR
QDK@BHNM@C@RBNMK@OQNSDBBHłMCDKLDCHN@LAHDMSD$MSQDDKK@RRD
HMBKTXDMl@TMPTDMNRNMK@RŕMHB@RK@RRHFTHDMSDR
H K@CD1DRSQHBBHłMCDK4RNCD2TRS@MBH@R/DKHFQNR@R1'N2DM
DPTHONRDKġBSQHBNRXDKDBSQłMHBNR
HHK@CD1DFHRSQN$U@KT@BHłM TSNQHY@BHłMX1DRSQHBBHłMCDK4RN
CD"NLONMDMSDR0TİLHBNR1$ "'
HHHK@CD$KHLHM@BHłMCD1DRHCTNR/QNBDCDMSDRCD"NLONMDMSDR
$KġBSQHBNRX$KDBSQłMHBNR6$$$
"NMS@BSDBNMRTR@TSNQHC@CDRKNB@KDRDML@SDQH@CDFDRSHłMCD
QDRHCTNRO@Q@PTDKDNQHDMSDMRNAQDBłLNCDRDBG@QDRSDOQNCTBSN
@CDBT@C@LDMSD
'3,2 '3,2
$2/ ì.+
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(MRS@K@BHŃMCDK@"@I@ BŕRSHB@
$MDKB@RNCDPTDTSHKHBDTMUHCDNOQNXDBSNQBNMTM@O@MS@KK@
@BŕRSHB@LDMSDSQ@MRO@QDMSDBNKNPTDK@B@I@@BŕRSHB@CDSQđR
CDKBDMSQNCDCHBG@O@MS@KK@2HDKKNMNDRONRHAKDBNKNPTDK@
B@I@@BŕRSHB@CHQDBS@LDMSDDMBHL@NCDA@INCDK@O@MS@KK@
OQDEDQDMSDLDMSDDMK@ONRHBHłMPTDLđRBDQB@DRSġDM@KSTQ@CD
KNRNİCNRCDKNXDMSD KHMDDCDENQL@@OQNWHL@C@K@O@QSDEQNMS@K
CDK@B@I@@BŕRSHB@BNMK@O@MS@KK@+@B@I@@BŕRSHB@QDMCHQđLDINQ
RHRDLNMS@DMTM@DRS@MSDQİ@QİFHC@TMRNONQSDCDO@QDCNTM
RNONQSDQİFHCNCDRTDKN2HK@B@I@@BŕRSHB@U@@RDQBNKNB@C@
DMTM@DRS@MSDQİ@NDMTMLTDAKDITMSNBNMNSQNRBNLONMDMSDR
@TCHNUHRT@KDRBNKNPTDKNRBT@SQNS@BNR@TSN@CGDRHUNRDMK@A@RD
CDK@B@I@@BŕRSHB@X@PTDCDDRSDLNCNHMSQNCTBHQđTMBHDQSNFQ@CN
CDOQNSDBBHłMEQDMSD@ONRHAKDRUHAQ@BHNMDR
"@LONR,@FMĢSHBNR/@QēRHSNR
+NR@KS@UNBDRCDK@RB@I@R@BŕRSHB@RBQD@MB@LONRL@FMġSHBNR
O@QđRHSNRPTDRDDWSHDMCDMLđR@KKđCDK@REQNMSDQ@REİRHB@R
CDKQDBHMSN$RONQDKKNPTDKDQDBNLDMC@LNRPTD@KDIDSNCNR
@PTDKKNRNAIDSNRL@FMġSHB@LDMSDRDMRHAKDRO@MS@KK@RCDSDKDUHRNQ
XNQCDM@CNQA@R@C@RDMSTANRCDQ@XNRB@SłCHBNRCHRBNRCD
NQCDM@CNQBHMS@RCD@TCHNXUİCDNS@QIDS@RBNMA@MC@L@FMġSHB@
XBNR@RONQDKDRSHKN@KLDMNRLDSQNRCDK@B@I@@BŕRSHB@
+@RO@MS@KK@RCDOK@RL@+"#X.+$#MNRNM@EDBS@C@RONQKNR
B@LONRL@FMġSHBNR
4AHB@BHłM
LL
LL
1/50