CF_2018_PL.indd

2IHUWD SUR¿OL VWDQGDUGRZ\ V\VWHP &DUJR )ORRU

7\S SUR¿OX

:\MDĞQLHQLH

1LH]UyZQDQ\ VWDQGDUG ,GHDOQ\ UR]NáDG PDV\ L GRVNRQDáH SURSRUFMH VSUDZLDMą ĪH SUR¿O WHQ GRVNRQDOH VSUDZG]D VLĊ Z SU]\SDGNX QLHPDOĪH NDĪGHJR SURGXNWX Z\PDJDMąFHJR WUDQVSRUWX 8ĪHEURZDQLH PD QD FHOX ]DSHZQLHQLH GREUHM WUDNFML L SURZDG]HQLD SURGXNWX JáyZQLH Z FHOX XQLNQLĊFLD VNUĊFDQLD SDOHW 8QLNDOQ\ NV]WDáW XV]F]HONL XPRĪOLZLD MHM ]DPRFRZDQLH Z SUR- ¿OX Z FHOX ]DSHZQLHQLD V]F]HOQRĞFL L RFKURQ\ WUDQVSRUWRZDQHJR SURGXNWX SU]HG SU]HGRVWDZDQLHP VLĊ ]DEUXG]HĔ SRFKRG]ąF\FK ] WUDQVSRUWX GURJRZHJR L UR]SU\VNXMąFHM ZRG\ 8V]F]HOND VDPD Z VRELH MHVW UyZQLHĪ ]DEH]SLHF]RQD G]LĊNL RGSRZLHGQLHPX NV]WDáWRZL SUR¿OX : FHOX XV]F]HOQLHQLD REX VWURQ SRZLHU]FKQL SRGáRJR UXFKRPHM RIHURZDQ\ MHVW SUR¿O SRGáRJRZ\ ] SRGZyMQ\P XV]F]HOQLHQLHP ']LĊNL WDNLHPX UR]ZLą]DQLX SRGáRJD PRĪH ]RVWDü ] áDWZRĞFLą RE- UyFRQD QD GUXJą VWURQĊ SR NLONX ODWDFK XĪ\WNRZDQLD Z FHOX SU]HGáXĪHQLD MHM Ī\ZRWQRĞFL 3UR¿O WHQ PRĪQD PRQWRZDü Z SU]\SDGNX ZLĊNV]RĞFL GRVWĊSQ\FK EORNyZ áRĪ\VNXMąF\FK ] WZRU]\ZD V]WXF]QHJR L SRGSRNáDGyZ àRĪ\VND ] WZRU]\- ZD V]WXF]QHJR RG VSRGQLHM VWURQ\ Vą ]DEH]SLHF]RQH L ]DPNQLĊWH SU]H] NV]WDáW SUR¿OX DOXPLQLRZHJR FR ]DSHZQLD GRVNRQDáą VWDELOQRĞü SUR¿OX SRGáRJRZHJR L RFKURQĊ SU]HG ]DEUXG]HQLDPL XOLF]Q\PL 1LH]Z\NOH GXĪH SRGSDUFLH L GXĪD SRZLHU]FKQLD áRĪ\VNXMąFD ]DSHZQLDMą QLHVSRW\NDQLH GáXJR RNUHV Ī\ZRWQRĞFL : FHOX ]DSHZQLHQLD EH]SLHF]HĔVWZD L F]\VWRĞFL RSUyĪQLDQLD QDF]HS\ ZV]\VWNLH SUR¿OH SRGáRJRZH Vą XV]F]HOQLDQH SU]\ XĪ\FLX ]DĞOHSNL ] WZRU]\ZD V]- WXF]QHJR OXE DOXPLQLXP 3UR¿OH QLH Z\PDJDMą ĪDGQ\FK F]\QQRĞFL NRQVHUZDF\MQ\FK MHGQDNĪH GRSXV]F]RQH MHVW LFK P\FLH SU]\ XĪ\FLX P\MNL FLĞQLHQLRZHM EH] ĪDGQ\FK RJUDQLF]HĔ 6]HURNRĞü SUR¿OL ]RVWDáD ]DSURMHNWRZDQD Z WDNL VSRVyE DE\ ]DSHZQLü Z\VWDUF]DMąFą LORĞü SU]HVWU]HQL QD GZD PRFRZDQH QD VWDáH SUR¿OH ERF]QH GR NWyU\FK PRĪQD ]DPRQWRZDü ]DWZLHUG]RQH ]DF]HS\ PRFXMąFH áDGXQHN 3UR¿O Z SRGOHJD UHF\NOLQJRZL L ]DSHZQLD Z\PDJDQ\ SR]LRP UH]\GXDOQ\ &DáNRZLFLH JáDGNL Z FHOX RFKURQ\ SURGXNWX 7HQ JáDGNL SUR¿O MHVW QLHPDOĪH LGHQW\F]Q\ SRG NąWHP NV]WDáWX L PDV\ FR VWDQGDUGRZ\ SUR¿O PP ] SRPLQLĊFLHP GZyFK JyUQ\FK XĪHEURZDĔ ']LĊNL WHPX WUDQVSRUWRZDQ\ SURGXNW MHVW FKURQLRQ\ SU]H] XV]NRG]HQLDPL 3U]\ SUDZLGáRZ\P ]DPRQWRZDQLX SRGáRJL MDNRĞü WUDQVSRUWRZDQLD SURGXNWyZ MHVW WDPD VDPD MDN Z SU]\SDGNX VWDQGDUGRZ\FK SUR¿OL PP 3UR¿O WHQ GRVNRQDOH VSUDZG]D VLĊ Z SU]\SDGNX WUDQVSRUWRZDQLD UyO SDSLHUX L SURGXNWyZ UROQLF]\FK .RPSURPLV SRPLĊG]\ PDVą D RGSRUQRĞFLą QD XGHU]HQLD 7HQ ÄNRPSURPLVRZ\´ SUR¿O PD WHQ VDP NV]WDáW L SDUDPHWU\ FR VWDQGDUGRZ\ SUR¿O PP -HG\Qą UyĪQLFą VLĊ JUXERĞü SUR¿OX NWyUD MHVW R PP ZLĊNV]D ']LĊNL WHPX SUR¿OH WH ]DSHZQLDMą ZLĊNV]ą VWDELOQRĞü L OHSV]H GRVWRVRZDQLH GR FLĊĪV]\FK ]DVWRVRZDĔ Z NWyU\FK U\]\NR RGNV]WDáFHQLD SUR¿OX MHVW GXĪR ZLĊNV]H Z Z\QLNX XGHU]HQLD SURGXNWX R SRGáRJĊ OXE MD]G\ SR QLHM Zy]NLHP ZLGáRZ\P -HĞOL F]\QQLN PDV\ Z GDQ\P ]DVWRVRZDQLX QLH RGJU\ZD ]QDF]ąFHM UROL ]DOHFDP\ VWRVRZDQLH WHJR SUR¿OX 3UR¿O WHQ MHVW UyZQLHĪ RIHURZDQ\ Z ZHUVML JáDGNLHM SUR¿O DOXPLQLRZ\ PP JáDGNL QU DUW :V]HFKVWURQQ\ SUR¿O GR FLĊĪNLFK ]DVWRVRZDĔ 2GSRUQRĞü QD XGHU]HQLH RGSRUQRĞü QD ]XĪ\FLH PRĪOLZRĞü MD]G\ Zy]NLHP ZLGáRZ\P ± WHQ SUR¿O Z\WU]\PD ZV]\VW- NR 6DPD VSHF\¿NDFMD SUR¿OX QLH UyĪQL VLĊ RG VSHF\¿NDFML VWDQGDUGRZHJR SUR¿OX PP SR]D MHGQ\P SDUDPHWUHP 3UR¿O WHQ MHVW R PP JUXEV]\ RG VWDQGDUGRZHJR L PRĪQD JR VWRVRZDü GR WUDQVSRUWX QLHPDOĪH NDĪGHJR SURGXNWX L PDV]\Q\ 7\ONR GRGDWNRZD PDVD L NRV]W PRJą SRZVWU]\PDü SU]HG GHF\]Mą R Z\ERU]H ZáDĞQLH WHJR SUR¿OX 3UR¿O WHQ MHVW UyZQLHĪ RIHURZDQ\ Z ZHUVML JáDGNLHM SUR¿O DOXPLQLRZ\ PP JáDGNL QU DUW 3UR¿O SyáV]F]HOQ\ 6/3 6HPL /HDN 3URRI 3UR¿O WHQ MDN VDPD QD]ZD ZVND]XMH MHVW SUDZLH RGSRUQ\ QD SU]HFLHNL 3UR¿O WHQ MHVW UyZQLH XQLZHUVDOQ\ MDN Z SU]\- SDGNX ZHUVML L DOH RIHUXMH GRGDWNRZą IXQNFMĊ SURGXNW\ ZLOJRWQH QLH SU]HFLHNDMą EH]SRĞUHGQLR SU]H] SRGáRJĊ 3á\Q\ NLHURZDQH Vą GR VSHFMDOQHM U\QQ\ 5\QQD WD SRGOHJD Z\PLDQLH L PRĪH E\ü Z áDWZ\ VSRVyE ]GHPRQWRZDQD ] SRGáRJL Z SU]\SDGNX NRQLHF]QRĞFL MHM Z\F]\V]F]HQLD 3UR¿O WHQ Z\PDJD MHGQDN QLHZLHONLHM UHJXODFML Z]JOĊGHP EXUW\ F]RáRZHM 3UR¿O WHQ GRVNRQDOH VSUDZG]D VLĊ Z SU]\SDGNX WUDQVSRUWX GUREQR]LDUQLVW\FK L ZLOJRWQ\FK SURGXNWyZ ]DEH]SLHF]DMąF SU]HG MHJR SU]HGRVWDZDQLHP VLĊ SU]H] SRZLHU]FKQLĊ SRGF]DV ]DáDGXQNX WUDQVSRUWX L UR]áDGXQNX -HGQDNĪH QLH ]DSHZQLD RQ V]F]HOQRĞFL : SU]\SDGNX WDNLFK Z\PDJDĔ ]DOHFDP\ ]DVWRVRZDQLH VHULL /5 /3 'HG\NRZDQ\ SUR¿O GR ]DVWRVRZDĔ FLĊĪNLFK 3UR¿O WHQ QD]\ZDQ\ MHVW SUR¿OHP GHG\NRZDQ\P 2]QDF]D WR ĪH SUR¿O WHQ MHVW ]DSURMHNWRZDQ\ ] P\ĞOą R WUDQVSRU- FLH VSHFMDOQ\FK SURGXNWyZ V]F]HJyOQLH Z\PDJDMąF\FK ']LĊNL GZyP Z\VWDMąF\P RNUąJá\P ĪHEURP SUR¿O WHQ MHVW QLH]Z\NOH RGSRUQ\ QD XGHU]HQLD D MHJR VSHFMDOQLH ]DRNUąJORQ\ NV]WDáW XPRĪOLZLD áDWZH P\FLH :LOJRü L ]DEUXG]HQLD Vą NLHURZDQH GR WDN ]ZDQHJR PLHMVFD Z NV]WDáFLH EHF]NL G]LĊNL F]HPX EáRWR ZLOJRü L EUXG Vą RGSURZDG]DQH QD ]HZQąWU] Z ]ZLą]NX ] F]\P SU]HFLHN SU]H] SRGáRJĊ MHVW SUDZLH FDáNRZLFLH RJUDQLF]RQ\ 7DNLH UR]ZLą]DQLH FKURQL UyZQLHĪ XV]F]HOQLHQLH ']LĊNL QLHZLHONLHM PDVLH ]DFKRZDQR GRVNRQDáą ZDUWRĞü ZVSyáF]\QQLND PDV\ XĪ\WHF]QHM 3UR¿O WHQ QD]\ZDQ\ MHVW SUR¿OHP GHG\NRZDQ\P 2]QDF]D WR ĪH SUR¿O WHQ ]RVWDá VSHFMDOQLH ]DSURMHNWRZDQ\ ] P\ĞOą R WUDQVSRUFLH VSHFMDOQ\FK SURGXNWyZ V]F]HJyOQLH Z\PDJDMąF\FK ']LĊNL WU]HP Z\VWDMąF\P RNUąJá\P ĪHEURP SUR- ¿O WHQ MHVW HNVWUHPDOQLH RGSRUQ\ QD XGHU]HQLD SRUyZQ\ZDOQLH GR VWDOL NRQVWUXNF\MQHM 2NUąJá\ NV]WDáW XáDWZLD LFK F]\V]F]HQLH :LOJRü L ]DEUXG]HQLD Vą NLHURZDQH GR WDN ]ZDQ\FK NDQDáyZ G]LĊNL F]HPX EáRWR ZLOJRü L EUXG Vą RGSURZDG]DQH QD ]HZQąWU] Z ]ZLą]NX ] F]\P SU]HFLHN SU]H] SRGáRJĊ MHVW SUDZLH FDáNRZLFLH RJUDQLF]RQ\ 7DNLH UR]ZLą]DQLH FKURQL UyZQLHĪ XV]F]HOQLHQLH ']LĊNL QLHZLHONLHM PDVLH ]DFKRZDQR GRVNRQDáą ZDUWRĞü ZVSyáF]\QQLND PDV\ XĪ\WHF]QHM 3UR¿O WHQ QLH VSUDZG]D VLĊ Z SU]\SDGNX WUDQVSRUWX SDOHW L WRZDUyZ SDNRZDQ\FK 8QLNDOQ\ SUR¿O DOXPLQLRZ\ ] GRGDWNRZ\P ]DEH]SLHF]HQLHP L XV]F]HOQLHQLHP Z V\VWHPLH QDNáDGDQ\P 1DNáDGDQ\ JáDGNL SUR¿O DOXPLQLRZ\ PP ]RVWDá VSHFMDOQLH ]DSURMHNWRZDQ\ ] P\ĞOą R áDGXQNDFK NWyU\FK SU]HFLHN SU]H] SUR¿OH SRGáRJRZH GR SRGáRĪD MHVW FDáNRZLFLH QLHGRSXV]F]DOQ\ 1LH R]QDF]D WR ĪH SRGáRJD MHVW RGSRU- QD QD SU]HFLHNL OXE EĊG]LH FKURQLü SU]HG SU]HFLHNDQLHP 2VWU]HĪHQLH 1LHSUDZLGáRZH XĪ\WNRZDQLH PRĪH SURZDG]Lü GR 3UR¿O WHQ QLH VSUDZG]D VLĊ Z SU]\SDGNX WUDQVSRUWX SDOHW L WRZDUyZ SDNRZDQ\FK 'HG\NRZDQ\ SUR¿O RGSRUQ\ QD XGHU]HQLD GR HNVWUHPDOQLH FLĊĪNLFK ]DVWRVRZDĔ

3UR¿O DOXPLQLRZ\

PP XĪHEURZDQ\

QU DUW

3UR¿O DOXPLQLRZ\ '6 PP XĪHEURZDQ\ QU DUW

3UR¿O DOXPLQLRZ\

PP JáDGNL

QU DUW

3UR¿O DOXPLQLRZ\

PP XĪHEURZDQ\

QU DUW

3UR¿O DOXPLQLRZ\

PP

XĪHEURZDQ\

QU DUW

3UR¿O DOXPLQLRZ\ PP 6/3 XĪHEURZDQ\ QU DUW

GRVWĊSQD UyZQLHĪ ZHUVMD ] NDQDáHP 6/3 QU DUW

3UR¿O DOXPLQLRZ\

PP +'

QU DUW

3UR¿O DOXPLQLRZ\

PP +',

QU DUW

3UR¿O DOXPLQLRZ\

PP

JáDGNL QDNáDGDQ\ QU DUW

JURPDG]HQLD VLĊ PDWHULDáyZ SRG ]DNáDGNą ] XV]F]HONL ZDUJRZHM FR PRĪH SURZDG]Lü GR SU]HFK\ODQLD VLĊ SUR¿OL L Z QDMJRUV]\P Z\SDGNX GR ]DEORNRZDQLD VLĊ SRGáRJL (NVWUHPDOQLH Z\WU]\PDá\ SUR¿O SRGáRJRZ\ ] WZDUGHJR VWRSX DOXPLQLXP 7HQ HNVWUHPDOQLH Z\WU]\PDá\ XQLNDOQ\ SUR¿O SRGáRJRZ\

;' MHVW SURGXNRZDQ\ ]H VSHFMDOQLH RSUDFRZDQHJR WZDUGHJR VWRSX DOXPLQLXP GR ]DVWRVRZDĔ WUDQVSRUWRZ\FK R GXĪHM F]ĊVWRWOLZRĞFL ]DáDGXQNX L UR]áDGXQNX MDN UyZQLHĪ GR WUDQVSRUWX SURGXNWyZ R Z\VRNLFK ZáDĞFLZRĞFLDFK ĞFLHUQ\FK -HVW WR QLH]Z\NOH Z\WU]\PDáH R Z\VRNLHM NODVLH UR]ZLą]DQLH DOWHUQDW\ZQH GOD VWDORZ\FK SUR¿OL SRGáRJRZ\FK Z V]F]HJyOQRĞFL Z SU]\SDGNX ]DVWRVRZDĔ ZLHORIXQN- F\MQ\FK WUDQVSRUW SDOHW SáDVND SRZLHU]FKQLD SRGáRJL PRĪOLZRĞü MD]G\ Zy]NLHP ZLGáRZ\P SR SRGáRG]H Z NyU\FK PDVD PD GXĪH ]QDF]HQLH /ĪHMV]H EDUG]LHM Z\WU]\PDáH R ZLĊNV]HM RGSRUQRĞFL QD ]XĪ\FLH

3UR¿O DOXPLQLRZ\

PP ;' ] WZDU-

GHJR VWRSX

QU DUW