• Nenhum resultado encontrado

The future of the Portuguese Population in discussion:How aging will influence household structures

N/A
N/A
Protected

Academic year: 2021

Share "The future of the Portuguese Population in discussion:How aging will influence household structures"

Copied!
20
0
0

Texto

(1)

!

"!

!

!

!

"#$! %&'&($! )%! '#$! *)('&+&$,$! -)-&./'0)1! 01! 20,3&,,0)14! 5)6! /+01+! 60..!

01%.&$13$!#)&,$#).2!,'(&3'&($,

!

! ! ! ! 7&'#)(,4!

8/(0/! 90.):$1/! 8$12$,;#! $%%&'()*+! ,-&.+%%&-! (/! *0+! 1+2)-*3+/*! &.! 4&'(&5&67! )*! *0+!

8/(9+-%(*7! &.! :9&-)! )/;! <+%+)-'0+-! )*! =>1?@84! A! =+/*-&! >/*+-;(%'(25(/)-! +3! @(%*B-()#! 4&'(+;);+%!+!=C5*C-)%!;)!8/(9+-%(;);+!;+!:9&-)D!?3)(5E!33+/;+%FC+9&-)D2*!

!

<=20/! */'(=30/! "):>#! ,01! 4*C;+/*! )*! *0+! 8/(9+-%(*7! &.! :9&-)#! =>1?@84! GH=I! A! 4H<@JK1JLMNONJPM"MQD!?3)(5E!5(;()2R*&3+F0&*3)(5D'&3!

!

90.0-$! ?0@$0()#! ,01! 4*C;+/*! )*! *0+! 8/(9+-%(*7! &.! :9&-)#! =>1?@84! GH=I! A! 4H<@JK1JL""LNJPM"MQ!S!<+%+)-'0!H+55&T!)*!*0+!U)V!,5)/'W!>/%*(*C*+!.&-!1+3&6-)20('! <+%+)-'0D!?3)(5E!.5(2X-(Y+(-&F0&*3)(5D'&3! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! !

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

"!=&/*)'*!)C*0&-!

(2)

!

P! !

7@,'(/3'4!

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

5)*., &"'1*02, &".910., */, ?"&2, -""(, (&$:1"#., 0$, "/0*&", ($(91'0*$/., '/-, 1"0, ($1*0*+*'/., '/-, -"#$%&'()"&., */0"&".0"-, */, '/.3"&*/%, F9".0*$/., 1*G"H, C*11, :", 0)", +$9/0&2, "+$/$#*+'112, .9.0'*/':1", */, 0)", 6909&"I, J., =$&09%'1, %$*/%, 0$, -"+1*/", 0$0'1, ($(91'0*$/I7, $&7, K$3, 0)".", +)'/%".,3*11,*/619"/+",0)",)$9.")$1-,.0&9+09&".I,

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

(3)

!

Z!

;A B1'()2&3'0)1!

!

!

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`#!>%!,&-*C6)5!6&(/6!*&!;+'5(/+!*&*)5! 2&2C5)*(&/`#!@&T!)55!*0+!;+3&6-)20('!'0)/6+%!T(55!(/.5C+/'+!*0+!0&C%+0&5;!%*-C'*C-+!(/! *0+!.C*C-+`#!@&T!3)%%(9+!&C*A3(6-)*(&/!T(55!(/.5C+/'+!*0+!&9+-)55!2&2C5)*(&/`#!)/;#!=)/! ,&-*C6C+%+!2+&25+!+V2+'*!*&!)6+!)5&/+!(/!*0+!.C*C-+`! aC-!6C+%%!(%!*0)*!,&-*C6)5!(%!T)5W(/6!*&T)-;%!)!9+-7!2-&/&C/'+;!;+'5(/+!(/!*0+!&9+-)55! 2&2C5)*(&/#!T0('0!'&/%+^C+/*57!)66-)9)*+;!Y7!0(60!+3(6-)*(&/!-)*+%!*0)*!T(55!-+%C5*!(/!)! ;++2! '0)/6+! (/! *0+! 0&C%+0&5;! '&32&%(*(&/#! 2&%%(Y57! (%&5)*(/6! 3&-+! )/;! 3&-+! (/;(9(;C)5%D! ! ! ! ! ! ! ! ! ! ! ! ! ! ! !

(4)

!

N!

CA D/'/!/12!:$'#)2).)+03/.!/--()/3#!

! ! H(/;(/6%! +V25)(/+;! )/;! 2-+%+/*+;! (/! *0+! 3)/C%'-(2*#! T+-+! ')5'C5)*+;! Y)%+;! &/! ;)*)! '&55+'*+;!.-&3!*0+!@C3)/!U&-*)5(*7!1)*)Y)%+!G@U1E!TTTD3&-*)5(*7D&-6Q!)/;!.-&3!*0+! 4*)*(%*('%!,&-*C6)5!G>[?E!TTTD(/+D2*QD!!

_(*0! *0+! (/*+/*(&/! &.! 6(9(/6! )/! )/%T+-! *&! *0+! -+%+)-'0! ^C+%*(&/%! )/;! 072&*0+%+%! );9)/'+;!(/!*0+!(/*-&;C'*&-7!%+'*(&/#!T+!3);+!C%+!&.!*0+!'&0&-*!'&32&/+/*!2-&X+'*(&/! 3+*0&;&5&67!*&!'&/%*-C'*!;(..+-+/*!)/;!25)C%(Y5+!%'+/)-(&%!.-&3!T0('0!T+!')/!+5)Y&-)*+! )Y&C*! *0+! 2&%%(Y5+! .C*C-+! ,&-*C6C+%+! 2&2C5)*(&/! %*-C'*C-+D! I0+! '&/%*-C'*(&/! &.! *0+%+! %'+/)-(&%!')3+!&C*!.-&3!)!'&3Y(/)*(&/!&.!*0+!'&0&-*!'&32&/+/*!2-&X+'*(&/!3&;+5!)/;! *0+! b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

>/! )! -)-+! '&/%+/%C%! .&-! %&'()5! %'(+/'+%#! *0+! '&0&-*! '&32&/+/*! 3+*0&;! (%#! /&T);)7%#! )53&%*!*0+!&/57!3+*0&;!C%+;!.&-!2&2C5)*(&/!2-&X+'*(&/%D!I0+!3+*0&;&5&67!)''&C/*%!.&-! 2&2C5)*(&/! )6+! ;(%*-(YC*(&/! )/;! '&/%(%*%! (/! %+63+/*(/6! *0+! 2&2C5)*(&/! (/*&! ;(..+-+/*! %CY6-&C2%! *0)*! )-+! ;(..+-+/*()557! +V2&%+;! *&! *0+! c-(%W%d! &.! .+-*(5(*7#! 3&-*)5(*7! )/;! 3(6-)*(&/#!'&32C*(/6!*0+!'0)/6+%!&9+-!*(3+!%+2)-)*+57!(/!+)'0!6-&C2D!

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

$/&*0+-! (32&-*)/*! ;(%*(/'*(&/! (%! Y+*T++/! 2-(9)*+! )/;! /&/A2-(9)*+! ;T+55(/6%D! ,-(9)*+! ;T+55(/6%!)-+!*0+!&/+%!*0)*!)-+!&T/+;!&-!-+/*+;!Y7!*0+!0&C%+0&5;+-%#!)/;!/&/A2-(9)*+! ;T+55(/6!)-+!C%C)557!'0)-)'*+-(\+;!Y7!0)9(/6!'&33C/)5!+)*(/6!.)'(5(*(+%#!%C'0!)%!0&*+5%#! 0&%2(*)5%!)/;!/C-%(/6!0&3+%#!.&-!+V)325+D!

b(W+! 2-&X+'*(&/%! .&-! *0+! *&*)5! 2&2C5)*(&/#! 2-&X+'*(&/%! .&-! 0&C%+0&5;%! *72(')557! -+.+-! *&! *0+! C%C)5! -+%(;+/*! 2&2C5)*(&/D! =&/%+^C+/*57#! T(*0! *0+! +V(%*+/'+! &.! 2-&X+'*(&/%! .&-! *0+! *&*)5!-+%(;+/*!2&2C5)*(&/#!)!'&/9+/(+/*!%*)-*(/6!2&(/*!(%!'-+)*+;D!=&/9+-%+57#!*0+!-+%(;+/*! 2&2C5)*(&/!/C3Y+-%!0)9+!*&!Y+!-+;C'+;!*&!*0+!&/+%!*0)*!)-+!5(9(/6!(/!2-(9)*+!;T+55(/6%#! &3(**(/6!*0+!-+%*D!I0+!3&%*!C%+;!3+*0&;!(%!*0+!)$9.")$1-,)"'-.)*(,#"0)$-D!I0(%!3+*0&;!

(5)

!

e! ')5'C5)*+%!*0+!/C3Y+-!&.!0&C%+0&5;%!.-&3!)/!+V(%*(/6!2&2C5)*(&/!2-&X+'*(&/!Y7!)6+!)/;! %+V#! *72(')557! *0+! c3+;(C3! 9)-()/*d#! *&6+*0+-! T(*0! %*)*(%*('%! &/! *0+! 2-&2&-*(&/! &.! 0&C%+0&5;!0+);%!Y+5&/6(/6!*&!+)'0!)6+A%+V!6-&C2D!4+9+-)5!)C*0&-%!GU)%&/#!"OfL]!b(/W+! "Off]! U'1&/)5;! S! g(22+/#! "OOf]! ?;(+9#! PMML]! h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

!

!

EA */,'F!-($,$1'!/12!%&'&($4!2$%0101+!-),,0@.$!,3$1/(0),!

! !

K+*T++/! "OiM! )/;! PM"P! *0+! %*-C'*C-+! &.! *0+! ,&-*C6C+%+! 2&2C5)*(&/! 2-+%+/*+;! )! ;-)3)*('!-+;C'*(&/!)*!7&C/6+-!)6+%!)/;!*0+!/C3Y+-!&.!+5;+-57!(/'-+)%+;!*-+3+/;&C%57#! '0)/6(/6! %(6/(.(')/*57! 2&2C5)*(&/! ;7/)3('%D! >/! PMM"#! .&-! *0+! .(-%*! *(3+! *0+! 2&2C5)*(&/! )6+;!ie!)/;!&9+-!%C-2)%%+;!*0+!2&2C5)*(&/!)6+;!"e!&-!5+%%!G"!iOZ!NOZ!+5;+-57!T.4!"!iei! iMP!7&C/6!(/;(9(;C)5%Q#!-+2-+%+/*(/6!*0+%+!*T&!6-&C2%!*&6+*0+-!)Y&C*!"ij!&.!*0+!*&*)5! 2&2C5)*(&/D!I0+!+5)Y&-)*(&/!&.!*0+!PM""!'+/%C%!-+9+)5+;!*0)*!*0(%!%(*C)*(&/!Y+'&3+!+9+/! 3&-+!2-&/&C/'+;!T(*0!)/!(/'-+)%+!(/!*0+!+5;+-57!2&2C5)*(&/!&.!ZPO!M""!(/;(9(;C)5%#!)/;! )!'&/'+-/(/6!;+'-+)%+!&.!7&C/6!2&2C5)*(&/!GA!fN!Mei!(/;(9(;C)5%QD!! >/*&!*0+!5(60*!&.!;+3&6-)207#!*0(%!%(*C)*(&/!')/!Y+!+V25)(/+;!Y+(/6!*0+!-+%C5*!&.!.+-*(5(*7! ;+'5(/+#!*0+!(/'-+)%+!&.!5(.+!+V2+'*)/'7!)/;#!)%!T+55#! )/!(/'-+)%(/6!&.!+3(6-)*(&/!(/!*0+! 3&%*! -+'+/*! 7+)-%D! I0+! &Y%+-9+;! 2)**+-/! &.! &C*A3(6-)*(&/! &Y%+-9+;! (/! "OiM%! ')/! Y+! %++/! )6)(/! (/! )! /+)-! .C*C-+D! ,&-*C6)5#! )%! *0+! &*0+-! 4&C*0+-/! ?C-&2+)/! '&C/*-(+%#! +V2+-(+/'+;!)!;-)%*('!)/;!.)%*!;+'5(/+!(/!5(9+!Y(-*0%D!H-&3!P"Z!fOe!Y(-*0%!-+6(%*+-+;!(/! "OiM#!*0+!9)5C+%!;+'5(/+;!*&!fO!fN"!(/!PM"P#!T0)*!3+)/%!)!-+;C'*(&/!&.!eij!(/!*0+!*&*)5! /C3Y+-! &.! Y(-*0%D! I0+! (32)'*! &.! *0+! ;+%'-(Y+;! %(*C)*(&/! ')/! Y+! T+55! %++/! T0+/! T+! &Y%+-9+! *0+! +9&5C*(&/! &.! *&*)5! .+-*(5(*7! -)*+! GIH<QD! >/! H(6C-+! "! (*! (%! 2&%%(Y5+! *&! &Y%+-9+! *0)*!.-&3!)!IH<!0(60+-!*0)/!Z!(/!"OiM#!,&-*C6)5!;+'5(/+;!*&!"DPf!'0(5;-+/!2+-!T&3)/!(/! PM"PD!

$%! (*! T)%! -+.+--+;! (/! *0+! Y+6(//(/6! &.! *0(%! %+'*(&/#! (%! *0+! '&/XC6)*(&/! &.! '0)/6+%! -+6(%*+-+;!(/!*0+!*0-++!;+3&6-)20('!'&32&/+/*%!)'-&%%!*(3+!*0)*!-+%C5*+;!(/!*0+!)6(/6! &.! *0+! ,&-*C6C+%+! 2&2C5)*(&/D! I)W(/6! )! /+T! 5&&W! *&! H(6C-+! "! (*! (%! )5%&! 2&%%(Y5+! *&! +9)5C)*+! *0+! +9&5C*(&/! &.! 5(.+! +V2+'*)/'7! )*! Y(-*0! .&-! Y&*0! %+V+%#! T0('0! .&-3! "OiM! *&! PM"P! (/'-+)%+;! "iDL! 7+)-%! (/! *0+! .+3)5+! ')%+! )/;! "iD"! 7+)-%! .&-! 3)5+%D! K+%(;+%! *0+! 2&%(*(9+!(32)'*!&.!*0(%!+9&5C*(&/!&.!5(.+%2)/#!(*%!'&/XC6)*(&/!T(*0!5&T!.+-*(5(*7!-)*+%!')/! )..+'*! *0+! '&C/*-7! %C%*)(/)Y(5(*7! )*! *0+! %)3+! *(3+! *0)*! *0+! ,&-*C6C+%+! 2&2C5)*(&/! %*-C'*C-+!(%!)6(/6D!

(6)

!

i! 90+&($!;4!b(.+!+V2+'*)/'7!)*!Y(-*0!G+MQ!Y7!%+V!)/;!I&*)5!H+-*(5(*7!-)*+!GIH<Q#!.&-!,&-*C6)5!Y+*T++/! "OiM!)/;!PM"P!

!

G)&(3$4!aT/!')5'C5)*(&/#!>[?!A!4*)*(%*('%!,&-*C6)5#!@U1D! !

KC*! 5+*%! /&*! .&-6+*! *0)*! 3(6-)*(&/! 0);! (/.5C+/'+! %7%*+3)*('! '0)/6+%! (/! *0+! 2&2C5)*(&/! %*-C'*C-+! &9+-! *0+! 5)%*! ;+');+%#! )/;! T(*0! 2+-(&;%! &.! 3)%%(9+! &C*A3(6-)*(&/! (/! *0+! (/*+-/)*(&/)5! '&/*+V*#! *0+! 2&2C5)*(&/! 3&9+3+/*%! 0)9+! .C-*0+-! )''+/*C)*+;! *0+! )6(/6! 2-&'+%%D!!

U(6-)*(&/#! )%! *0+! 3&%*! 9&5)*(5+! &.! *0+! ;+3&6-)20('! '&32&/+/*%#! ')/! );;! +9+/! 3&-+! C/'+-*)(/*7! )Y&C*! *0+! .C*C-+#! &/'+! *0)*! *0+! '&C/*-7! (%! C/;+-! .(/)/'()5! -+'C+#! Y+(/6! *0+! %+'&/;!'&C/*-7!.-&3!*0+!%&C*0+-/!?C-&2+!*&!)**)(/!*0(%!'&/;(*(&/!Gk-++'+!T)%!*0+!.(-%*QD! H&-! *0+! .(-%*! *(3+! (/! "L! 7+)-%#! )/;! .&55&T(/6! *0+! (/.&-3)*(&/! 6(9+/! Y7! *0+! A0'0*.0*+., =$&09%'1! &..('+! GI)Y5+! "Q#! *0+! '&C/*-7! 2-+%+/*%! /+6)*(9+! /+*! 3(6-)*(&/! 9)5C+%! (/! PM""! )/;! PM"PD! >/! .)'*#! %(/'+! PM"M! *0)*! *0+! /C3Y+-! &.! +3(6-)/*%! 6-+T! 3&-+! *0)/! *T&.&5;#! (/'-+)%(/6! .-&3! PZ! LiM! (/! PM"M#! *&! e"! Oef! (/! PM"PD! I0+! -+6(%*-)*(&/! &.! (/A3(6-)*(&/! .5&T%!2-+%+/*%!)/!&22&%(*+!+9&5C*(&/#!)%!+V2+'*+;#!;+'-+)%(/6!.-&3!PL!eLe!(33(6-)/*%! (/!PM"M#!*&!"N!iMi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

[&/+*0+5+%%#! )Y&9+! )55! )/;! C/*(5! /&T);)7%#! *0+! ;+'5(/+! &.! Y(-*0%! )/;! .+-*(5(*7! -)*+%! )-+! *0+! 3)X&-! -+%2&/%(Y5+! .&-! *0+! .)'*! *0)*! ,&-*C6)5! Y+'&3+%! 'C--+/*57#! )''&-;(/6! *&! *0+! (/.&-3)*(&/!2-+%+/*+;!Y7!*0+!_&-5;!,&2C5)*(&/!1)*)!40++*!PM"MP#!*0+!%(V*0!'&C/*-7!(/! *0+!-)/W(/6!&.!*0+!3&%*!)6+;!&/+%D! !

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

P!,&2C5)*(&/!<+.+-+/'+!KC-+)C! "#M! "#e! P#M! P#e! Z#M! Z#e! eM! ee! iM! ie! LM! Le! fM! fe! OM!

"OiM! "OiN! "Oif! "OLP! "OLi! "OfM! "OfN! "Off! "OOP! "OOi! PMMM! PMMN! PMMf! PM"P!

"9? ! $H ! I$/(! +M!H+3)5+! +M!U)5+! IH<!!

(7)

!

L! "/@.$!;4!I0+!+9&5C*(&/!&.!(33(6-)/*%!)/;!+3(6-)/*%!(/!,&-*C6)5!Y+*T++/!"OO"!)/;!PM"P!

I$/(! B::0+(/1',!*$(:/1$1'! *$(:/1$1'!J:0+(/1',! "$:-)(/(K!J:0+(/1',!

;LL;! NeML! ZLZZi! l!

;LLC! "iPMP! PeeeO! "iOOf!

;LLE! PLOfO! "ieii! "LiMO!

;LLM! ZffPe! "NeeP! P"PeO!

;LLN! NPLMP! ""POM! "ZZOM!

;LLO! e"iei! "NeZZ! "ONif!

;LLP! eOfLe! "fNif! POif"!

;LLQ! eiLff! ""MOf! "NPi"!

;LLL! ifPOL! "NMNM! PNMMZ!

CHHH! LLLLe! "MiiL! "iiN"!

CHH;! i"iMO! eZOi! "NfPL!

CHHC! eMi""! ff"Z! "feNe!

CHHE! Z"NPe! iifL! PMZP"!

CHHM! P"MOZ! iLeL! l! CHHN! P"LN"! iZiM! l! CHHO! PPLN"! eiMM! l! CHHP! POii"! LfOM! l! CHHQ! POL"f! PMZeL! l! CHHL! ZPZML! "ifOO! l! CH;H! PLeLe! PZLiM! l!

CH;;! "OiiL! NZOOf! eiOfM!

CH;C! "NiMi! e"Oef! iONiM!

G)&(3$4!aT/!')5'C5)*(&/#!>[?!A!4*)*(%*('%!,&-*C6)5D!

!

a/+!&.!*0+!3&%*!(32&-*)/*!%*+2%!(/!*0+!+5)Y&-)*(&/!&.!*0+!;(..+-+/*!2-&X+'*(&/!%'+/)-(&%! (%!)!')-+.C5!)/;!(/!;+2*0!+V25&-)*(&/!&.!)!'&C/*-7!;+3&6-)20('!'&32&/+/*%#!(D+D#!.+-*(5(*7#! 3&-*)5(*7!)/;!3(6-)*(&/%D!!4&#!).*+-!)!.(-%*!20)%+!T0+-+!(*!T)%!%0&T!)!'&/*+V*C)5(\)*(&/! &.! *0+! '&C/*-7! (*%+5.#! T+! )-+! /&T! (/! )! 6&&;! 2&%(*(&/! *&! +5)Y&-)*+! *0+! 2&%%(Y5+! )/;! ;(..+-+/*()*+;!U3)'0,*6V!%'+/)-(&%!.&-!*0+!.C*C-+!&.!*0+!,&-*C6C+%+!2&2C5)*(&/D!

[+9+-*0+5+%%#! (.! (*! ')/! Y+! %)(;! *0)*! *0+! .(-%*! *T&! ;+3&6-)20('! '&32&/+/*%! )-+! '0)-)'*+-(\+;! Y7! %&3+! 5+*0)-67#! *0+! *-C+! (%! *0)*! *0+! 3(6-)*(&/! '&32&/+/*! (%! )5T)7%! 3&-+!9&5)*(5+!)/;!C/2-+;('*)Y5+D!I0+-+.&-+#!(.!(/!*0+!')%+!&.!3&-*)5(*7!T+!XC%*!.&55&T!*0+! *+/;+/'7!&.!*0+!2)%*!)2257(/6!*0+!b++A=)-*+-!.&-+')%*(/6!3+*0&;#!C%(/6!*0+!'&/.(;+/'+! (/*+-9)5%! *&! +5)Y&-)*+! *0+! c+V*-+3+! %'+/)-(&%dZD! H&-! .+-*(5(*7! (*! T)%! +5)Y&-)*+;! )! 3&-+!

'&/'+(9)Y5+! %'+/)-(&#! Y)%+;! &/! %(3(5)-(*(+%! T(*0! &*0+-! '&C/*-(+%#! )/;! *T&! +V*-+3+! &*0+-%D!a/+AT)7!.&C/;!*&!%&59+!*0+!3(6-)*(&/!%(*C)*(&/!T)%!*&!6&!Y)'W!*&!2)%*!T0+/!*0+! ,&-*C6C+%+!-+)5(*7!T)%!'0)-)'*+-(\+;!Y7!3)%%(9+!&C*A3(6-)*(&/!2)**+-/%D!

4*)-*(/6! T(*0! *0+! )%%C32*(&/%! +5)Y&-)*+;! .&-! *0+! .+-*(5(*7! '&32&/+/*! GH(6C-+! PQ#! )/;! )5T)7%!%*)-*(/6!.-&3!*0+!5)%*!)9)(5)Y5+!2&2C5)*(&/!;)*)#!(D+D#!*0+!7+)-!&.!PM"P#!T0+-+!*0+! &Y%+-9+;!9)5C+!.&-!*0+!IH<!(%!"DPf#!T+!Y+5(+9+!*0)*!,&-*C6)5#!.&55&T(/6!*0+!*+/;+/'7!*0)*! *&&W!25)'+!(/!%+9+-)5!&*0+-!?C-&2+)/!'&C/*-(+%#!T(55!W++2!-+6(%*+-(/6!)!;+'-+)%+!(/!IH<D! 4&#!.&-!)55!*0+!%'+/)-(&%!(*!T)%!;+.(/+;!*0)*!*0+!IH<!.&-!PM"i!')/!;+'-+)%+!*&!"D"eD!I0C%#! (%!&/57!.-&3!PM"i!&/T)-;%!*0)*!T+!')/!+V2+'*!;(..+-+/*!2&%%(Y5+!+9&5C*(&/%#!)/;!(/!)!%&A ')55+;! c'+/*-)5d! %'+/)-(&! G*0+! 3&%*! 2&%%(Y5+! &/+Q! T+! );3(*! *0)*! *0+! IH<! T(55! %5(60*57! (/'-+)%(/6! C/*(5! PMZP#! )'0(+9(/6! *0+! 9)5C+! &.! "DND! >/! )! c0(60d! %'+/)-(&#! (D+D#! (/! *0+! Y+%*! ')%+#!(*!T&C5;!Y+!6&&;!*0)*!*0+!9)5C+!&.!PDM!'0(5;-+/!2+-!T&3)/!')/!Y+!-+)'0+;#!)/;!(/! &22&%(*(&/#! (/! )! c5&Td! %'+/)-(&#! (D+D#! *0+! T&-%*! '&/%(;+-+;! ')%+#! (*! ')/! Y+! )%%C3+;! *0)*! ,&-*C6)5! T(55! /&*! -+'C2+-)*+! (*%! .+-*(5(*7! -)*+%! )/;! *0+! ;+'5(/+! ')/! Y+! +9+/! 3&-+!

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Z!4'+/)-(&%!/&*!%&!5(W+57!*&!&''C-#!YC*!*0)*!')/!6(9+!)!Y+**+-!2+-'+2*(&/!)Y&C*!.C*C-+!

(8)

!

f! 2-&/&C/'+;#! 2&%%(Y57! )**)(/(/6! (/! )9+-)6+! *0+! 9)5C+! &.! )! %(/65+! G"Q! '0(5;! 2+-! +)'0! T&3)/D! ! 90+&($!C4!I&*)5!.+-*(5(*7!-)*+!GIH<Q!Y+*T++/!"Of"!)/;!PM"P!)/;!2&%%(Y5+!%'+/)-(&%!C/*(5!PMZP!(/! ,&-*C6)5!

!

G)&(3$4!aT/!')5'C5)*(&/#!>[?!A!4*)*(%*('%!,&-*C6)5#!@U1D! ! !

>/! *0+! ')%+! &.! *0+! )%%C32*(&/%! *)W+/! .&-! *0+! 3&-*)5(*7! '&32&/+/*! )/;! 2-+%+/*+;! (/! H(6C-+!Z#!5(W+!(*!T)%!);9)/'+;!(/!*0+!(/*-&;C'*&-7!%+'*(&/#!(*!T)%!.&55&T+;!*0+!&Y*)(/+;! 9)5C+%!.-&3!*0+!b++A=)-*+-!.&-+')%*(/6!3+*0&;&5&67D!>/!*0(%!')%+#!(*!')/!Y+!+V2+'*+;!*0)*! (/!)!c'+/*-)5d!%'+/)-(&#!*0+!&Y%+-9+;!5(.+!+V2+'*)/'7!)*!Y(-*0!.&-!.+3)5+%!(/'-+)%+!.-&3! )-&C/;!fZDe!7+)-%#!(/!PM"P#!*&!fLDP!7+)-%!(/!PMZPD!$%!+V2+'*+;#!*0+!9)5C+%!-+5)*+;!*&!*0+! 3)5+!%(*C)*(&/!)-+!)!Y(*!5&T+-#!)/;!T+!+V2+'*!*0)*!.-&3!*0+!-+6(%*+-+;!LLDZ!7+)-%!&.!5(.+! +V2+'*)/'7! )*! Y(-*0! (/! PM"P#! *0+! 9)5C+! (/'-+)%+! *&! f"DN! 7+)-%! (/! PMZPD! I0(%! %(*C)*(&/! '&--+%2&/;%!*&!)/!(/'-+)%+!&.!ZDLP!)/;!NDMi!7+)-%!(/!*0+!5(.+!+V2+'*)/'7!&.!.+3)5+%!)/;! 3)5+%#!-+%2+'*(9+57#!;C-(/6!*0+!PM!7+)-%!&.!*0+!%*C;7D!

[+9+-*0+5+%%#! (/! &C-! ')5'C5)*(&/%#! (*! (%! )5%&! )%%C3+;! *0)*! 5(.+! +V2+'*)/'7! )*! Y(-*0! '&C5;! 2-+%+/*!)!.)%*+-!Gc0(60!%'+/)-(&dQ!&-!5&T+-!Gc5&T!%'+/)-(&dQ!(/'-+)%+!T(*0!*(3+D!>/!*0(%! %(*C)*(&/#!(*!(%!+V2+'*+;#!(.!*0+!c0(60!%'+/)-(&d!Y+'&3+%!-+)5#!*0)*!5(.+!+V2+'*)/'7!)*!Y(-*0! .&-!.+3)5+%!-+)'0!*0+!9)5C+!&.!OMD"!)/;!.&-!3)5+%!fNDe#!(/!PMZPD!a/!*0+!&*0+-!0)/;#!*0+! 9)5C+%!)%%&'()*+;!T(*0!*0+!c5&T!%'+/)-(&d#!)-+#!)%!2-+;('*)Y5+#!)!Y(*!5&T+-#!)/;!(/!PMZP!(%! +V2+'*+;! *0)*! .+3)5+%! )'0(+9+! fZDZ! 7+)-%! &.! 5(.+! +V2+'*)/'7! )*! Y(-*0! )/;! LLDL! 7+)-%! (/! 3)5+!')%+D! ! ! ! ! ! ! ! ! ! ! ! M#e! M#L! M#O! "#"! "#Z! "#e! "#L! "#O! P#"! P#Z! "9? ! I$/(! IH<! b&T! U+;(C3! @(60!

(9)

!

O! 90+&($!E4!b(.+!+V2+'*)/'7!)*!Y(-*0!G+MQ!Y+*T++/!"Of"!)/;!PM"P!)/;!2&%%(Y5+!%'+/)-(&%!C/*(5!PMZP! .&-!3)5+!)/;!.+3)5+!(/!,&-*C6)5! ,)/+5!"E!U)5+%! ,)/+5!"E!H+3)5+%!

!

!

G)&(3$4!aT/!')5'C5)*(&/#!>[?!A!4*)*(%*('%!,&-*C6)5#!@U1D!! ! b)%*57#!5+*%!;(-+'*!/&T!&C-!)**+/*(&/!*&!*0+!3(6-)*(&/!'&32&/+/*!*0)*!T)%!(/*-&;C'+;!(/! *0+!2-&X+'*(&/!3&;+5!C%(/6!/+*!3(6-)*(&/!9)5C+%D!K)%+;!&/!-+'+/*!*-+/;%!)/;!*)W(/6!(/*&! )''&C/*!+3(6-)*(&/!)/;!(33(6-)*(&/!%+2)-)*+57#!T+!)%%C3+!*0)*!*0+!.(-%*!&/+!T(55!.&55&T! *0+!%)3+!2)**+-/!&.!(/'-+)%+!-+6(%*+-+;!Y+*T++/!PMMO!)/;!PM"P!G""!ifi!+3(6-)/*%!2+-! 7+)-!(/!)9+-)6+Q!C/*(5!PMPP#!(/'-+)%(/6!.-&3!e"!Oef!*&!"if!fP"D!I0+!2+-(&;!*)W+/!(/*&! )''&C/*! .&-! *0(%! )%%C32*(&/! (%! ;C+! *&! PMMO! Y+(/6! *0+! 7+)-! (33+;()*+57! ).*+-! *0+! Y+6(//(/6! &.! *0+! '-(%(%! GPMMfQ#! )/;! T0+/! 2+&25+! %*)-*+;! *&! -+)5(\+! *0+! %(*C)*(&/! &.! *0+! '&C/*-7D!$.*+-!PMPP#!T+!Y+5(+9+!*0)*!(%!2&%%(Y5+!*0)*!*0+%+!9)5C+%!;+'5(/+!C/*(5!*0+!&/+%! &Y%+-9+;!(/!PMMO!G"i!fOOQD!

H&-! *0+! %+'&/;! ')%+#! (D+D#! (33(6-)*(&/#! T+! )%%C3+! *0)*! *0+! (/.5&T! *+/;+/'7! T(55! ;+'+5+-)*+! )/;#! T(*0&C*! ;&CY*! ;+'-+)%+#! Y+')C%+! *0+! '&C/*-7! (%! /&*! )*! *0+! *(3+! +'&/&3(')557! %*)Y5+! )/;! '&/%+^C+/*57#! /&/A)**-)'*(9+D! >/! *0(%! T)7#! (*! (%! -+)557! 2&%%(Y5+! *0)*!(/!PMPP!*0+!/C3Y+-!&.!(33(6-)/*%!+^C)5%!*0+!3(/(3C3!9)5C+!-+6(%*+-+;!%(/'+!*0+! "OOM%#!3&-+!%2+'(.(')557!(/!"OO"#!T(*0!)/!(/.5&T!*0)*!;+'-+)%+%!.-&3!"N!iMi!(/;(9(;C)5%! GPM"PQ!*&!N!eML!(/;(9(;C)5%!GPMPPQD!a/'+!)6)(/#!)/;!5(W+!(*!(%!'&/%(;+-+;!(/!*0+!+3(6-)/*%! ')%+#!T+!*0(/W!*0)*!*0+%+!9)5C+%!T(55!%*)-*!*&!(/'-+)%+!).*+-!*0+! +'&/&3('! -+'C2+-)*(&/! )/;!2&%%(Y57!*0+!9)5C+%!&.!PMMO!')/!Y+!-+6(%*+-+;!)6)(/!(/!PMZP!GZP!ZMLQD!

H&-!*0(%!5)%*!'&32&/+/*#!*0+!3(6-)*(&/!%*-C'*C-+!*)W+/!(/*&!)''&C/*!'&--+%2&/;%!*&!*0+! &/+! &Y%+-9+;! (/! *0+! 7+)-! &.! PM"P#! )/;! Y+')C%+! *0+-+! (%! /&! (/.&-3)*(&/! )9)(5)Y5+! Y7! 6+/;+-#!(*!(%!)%%C3+;!*0)*!3+/!)/;!T&3+/!0)9+!*0+!%)3+!3(6-)*(&/!2-&Y)Y(5(*7!)'-&%%! )6+!)/;!*(3+D!

I0+! '&3Y(/)*(&/! &.! *0+! )Y&9+A2-+%+/*+;! %'+/)-(&%! -+%C5*+;! (/! /(/+! GOQ! Y)%+! %'+/)-(&%! *0)*! T+-+! '&3Y(/+;! ', ($.0"&*$&*! T(*0! *0+! 3(6-)*(&/! )%%C32*(&/%! .&-! *0+! 2-&X+'*+;! 2+-(&;!-+%C5*(/6!(/!)!*&*)5!&.!+(60*++/!G"fQ!%'+/)-(&%D!>/!&-;+-!*&!%(325(.7!T0)*!T+!T(55! -+.+-#!.-&3!/&T!&/!*&!*0+!%'+/)-(&%!)%!/C3Y+-%E! ! "D W$3"&,1*6",">("+0'/+2!'&3Y(/+;!T(*0!1$3"&,6"&0*1*02!-)*+%]! PD W$3"&,1*6",">("+0'/+2!-)*+%!'&3Y(/+;!T(*0!+"/0&'1,6"&0*1*02!-)*+%]! ZD W$3"&,1*6",">("+0'/+2!-)*+%!'&3Y(/+;!T(*0!)*%)"&,6"&0*1*02!-)*+%]! ND X"/0&'1,#$&0'1*02!-)*+%!'&3Y(/+;!T(*0!1$3"&,6"&0*1*02!-)*+%]! ie#M! LM#M! Le#M! fM#M! fe#M! OM#M! $H ! I$/(! +M! b&T! U+;(C3! @(60! ie#M! LM#M! Le#M! fM#M! fe#M! OM#M! $H ! I$/(! +M! b&T! U+;(C3! @(60!

(10)

!

"M! eD X"/0&'1,#$&0'1*02!-)*+%!'&3Y(/+;!T(*0!+"/0&'1,6"&0*1*02!-)*+%]! iD X"/0&'1,#$&0'1*02!-)*+%!'&3Y(/+;!T(*0!)*%)"&,6"&0*1*02!-)*+%]! LD K*%)"&,1*6",">("+0'/+2!-)*+%!'&3Y(/+;!T(*0!1$3"&,6"&0*1*02!-)*+%]! fD K*%)"&,1*6",">("+0'/+2!-)*+%!'&3Y(/+;!T(*0!+"/0&'1,6"&0*1*02!-)*+%]! OD K*%)"&,1*6",">("+0'/+2!-)*+%!'&3Y(/+;!T(*0!)*%)"&,6"&0*1*02!-)*+%D! !

[+9+-*0+5+%%#! (/! &C-! %*C;7#! T+! )-+! &/57! 6&(/6! *&! .&'C%! &C-! )**+/*(&/! (/! &/57! *0-++! &.! *0+3E! GeE! X"/0&'1, '%*/%, .+"/'&*$Q! *0+! &/+! *0)*! T+! '&/%(;+-! 3&%*! 2-&Y)Y5+! *&! &''C-#! T0+-+!(%!'&3Y(/+;!*0+!c'+/*-)5!&2*(&/%d!&.!Y&*0#!.+-*(5(*7!)/;!3&-*)5(*7]!GLE!Y'.0".0,'%*/%, .+"/'&*$Q!&/+!%'+/)-(&!T0+-+!5&T!-)*+%!&.!.+-*(5(*7!'&3Y(/+;!T(*0!0(60!5(.+!+V2+'*)/'7! -+%C5*! (/! )6+;! 2&2C5)*(&/! %*-C'*C-+]! )/;! 5)%*57#! GZE! A1$3".0, '%*/%, .+"/'&*$Q! )! %'+/)-(&! T0+-+! *0+! &22&%(*+! -+%C5*%! )-+! &Y*)(/+;#! &/'+! *0)*! c0(60+-d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f! %'+/)-(&%! 2-+%+/*!;(..+-+/*!+9&5C*(&/)-7!2)**+-/%#!)55!&.!*0+3!+%*(3)*+!)!;+'-+)%+!(/!*0+!/C3Y+-!&.! (/;(9(;C)5%! -+%(;(/6! (/! ,&-*C6)5! (/;+2+/;+/*57! &.! *0+! Y)%+5(/+! )%%C32*(&/%D! a/+! 2&%%(Y5+! c%&5C*(&/d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c5&%+%d! )-&C/;! )! 3)V(3C3!&.!"De!3(55(&/%!&.!(/0)Y(*)/*%D!I0+!/+6)*(9+!(32)'*!&.!3(6-)*(&/%!')/!(/'-+)%+! *0(%!9)5C+!C2!*&!ZDe!3(55(&/%D!

!

90+&($! M4!?9&5C*(&/! &.! *0+! ,&-*C6C+%+! 2&2C5)*(&/! .-&3! "Of"! *&! PM"P#! )/;! *0+! '&/%*-C'*+;! %'+/)-(&%!C/*(5!PMZP#!T(*0&C*!)/;!T(*0!/+*!3(6-)*(&/!(/'5C;+;D! ,)/+5!"E!_(*&C*0!/+*!3(6-)*(&/! ,)/+5!PE!_(*0!/+*!3(6-)*(&/!

!

!

G)&(3$4!aT/!')5'C5)*(&/#!>[?!A!4*)*(%*('%!,&-*C6)5#!@U1D!! L#M! L#e! f#M! f#e! O#M! O#e! "M#M! "M#e! ""#M!

"Of"! "Ofe! "OfO! "OOZ! "OOL! PMM"! PMMe! PMMO! PM"Z! PM"L! PMP"! PMPe! PMPO!

* )-A!0 1 !: 0. .0 )1 ,! I$/(! ,&2C5)*(&/! 4'+/)-(&!"! 4'+/)-(&!P! 4'+/)-(&!Z! 4'+/)-(&!N! L#M! L#e! f#M! f#e! O#M! O#e! "M#M! "M#e! ""#M!

"Of"! "Ofe! "OfO! "OOZ! "OOL! PMM"! PMMe! PMMO! PM"Z! PM"L! PMP"! PMPe! PMPO!

* )-A!0 1 !: 0. .0 )1 ,! I$/(! 4'+/)-(&!e! 4'+/)-(&!i! 4'+/)-(&!L! 4'+/)-(&!f! 4'+/)-(&!O!

(11)

!

""!

MA "#$!%&'&($!)%!'#$!*)('&+&$,$!-)-&./'0)1!01!20,3&,,0)1!

MA;A *)('&+/.!01!CHEC! ! ! $%!(*!)%!%++/!(/!*0+!2-+9(&C%!%+'*(&/#!*0+!+'&/&3('!'&55)2%+!&''C--+;!(/!,&-*C6)5!(%!9+-7! 5(W+57!*&!(/*+/%(.7!*0+!2)'+!&.!)6(/6!&.!*0+!2&2C5)*(&/!%*-C'*C-+!(*%+5.#!*0)*!T)%!)5-+);7! 9+-7!;+5(')*+!("&,."D!I&6+*0+-#!*0+!5&T!/C3Y+-!&.!-+6(%*+-+;!Y(-*0%!)/;!*0+!2-+;('*)Y5+! .)%*! (/'-+)%+! &.! &C*A3(6-)*(&/! )-+! +V2+'*+;! *&! -+%C5*! (/! )/! +9+/! 3&-+! )6+;! 2&2C5)*(&/! *0)/! %C22&%+;! Y+.&-+#! -+%C5*(/6! .-&3! )/! +'&/&3('! (/%*)Y(5(*7! *0)*! %*)-*+;! (/! PMMf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fj!GA!fZL!Pii!(/0)Y(*)/*%Q#!*0+!(32)'*!&.!/+*!3(6-)*(&/! ')/! Y+! )-&C/;! ZDe! *(3+%! 0(60+-#! -+%C5*(/6! (/! )! ;+'-+)%+! Y+*T++/! Pej! )/;! Pfj! (/! *0+! &9+-)55!2&2C5)*(&/!GA!P!iPe!OPP!*&!A!P!OPL!feO!(/0)Y(*)/*%QD! ! ! "/@.$!C4!I&*)5!,&2C5)*(&/!! ! CH;C! CHCC! CHEC! ! ! C*0)$90,/"0,

#*%&'0*$/, #*%&'0*$/,C*0),/"0, C*0)$90,/"0,#*%&'0*$/, #*%&'0*$/,C*0),/"0,

,

<)6$,'!/+01+!

,3$1/(0)! "M!NfL!PfO! "M!MNe!M"Z! f!fOi!LP"! O!ieM!MPZ! L!eeO!NZM!

R$1'(/.!/+01+!

,3$1/(0)! "M!NfL!PfO! "M!"NO!eeZ! O!MMi!eL"! O!LPf!"ie! L!L"P!MPf!

9/,'$,'!/+01+!

,3$1/(0)! "M!NfL!PfO! "M!PNe!"iN! O!"Me!iif! O!fPL!iMP! L!fi"!ZiL!

G)&(3$4!aT/!')5'C5)*(&/#!>[?!A!4*)*(%*('%!,&-*C6)5D!

! !

I0+! -+%C5*%! 2-+%+/*+;! C/*(5! /&T! '&/.(-3! *0)*! C/;+-! *0+! 'C--+/*! '&/;(*(&/%#! *0+! ,&-*C6C+%+! 2&2C5)*(&/! (%! 6&(/6! *&! ;+'-+)%+#! 0&T+9+-#! (*! (%! ;(..('C5*! *&! 2-+;('*! *0+! -+)5! /C3Y+-!&-!2-&2&-*(&/!&.!*0(%!;+'-+)%+D![+9+-*0+5+%%#!(.!)!%0-(/W(/6!2&2C5)*(&/!3)7!/&*! Y+! )! 2-&Y5+3! Y7! (*%+5.#! *0+! )6(/6! &.! *0+! 2&2C5)*(&/! %*-C'*C-+! 3(60*! -+%C5*! (/! *0+! C/%C%*)(/)Y(5(*7! &.! *0+! '&C/*-7D! I0+! 2&2C5)*(&/! 27-)3(;%! 2-+%+/*+;! (/! H(6C-+! e! )-+! )! 9+-7!6&&;!+V)325+!&.!*0(%!%(*C)*(&/#!)/;!(.!(/!)55!*0+!*0-++A2-+%+/*+;!%'+/)-(&%!)6(/6!(%! '&33&/!*&!)55!&.!*0+3#!*0+!(/*-&;C'*(&/!&.!/+*!3(6-)*(&/!(/*&!*0+!+^C)*(&/!6(9+%!)!Y+**+-! 2('*C-+!)Y&C*!*0+!2&%%(Y5+!)/;!'&/'+-/(/6!+'&/&3('!C/%C%*)(/)Y(5(*7!&.!*0+!'&C/*-7!*0)*! ')/!;-(9+/!Y7!*0+!;+3&6-)20('!+9&5C*(&/!&.!*0+!'&C/*-7D! ! ! ! ! !

(12)

!

"P! H(6C-+!eE!,&-*C6C+%+!2&2C5)*(&/!%*-C'*C-+!(/!PM"P!)/;!PMZP!.&-!*0+!%+5+'*+;!%'+/)-(&%! ,)/+5!"E!45&T+%*!)6(/6!%'+/)-(&!T(*&C*0!/+*! 3(6-)*(&/! ,)/+5!PE!45&T+%*!)6(/6!%'+/)-(&!T(*0!/+*!3(6-)*(&/! ! ! ,)/+5!ZE!=+/*-)5!)6(/6!%'+/)-(&!T(*&C*0!/+*! 3(6-)*(&/! ,)/+5!NE!=+/*-)5!)6(/6!%'+/)-(&!T(*0!/+*!3(6-)*(&/! ! ! ,)/+5!eE!H)%*+%*!)6(/6!%'+/)-(&!T(*&C*0!/+*! 3(6-)*(&/! ,)/+5!iE!H)%*+%*!)6(/6!%+'+/)-(&!T(*0!/+*!3(6-)*(&/! ! ! G)&(3$4!aT/!')5'C5)*(&/#!>[?!A!4*)*(%*('%!,&-*C6)5D! ! !

(13)

!

"Z! >/! )! .(-%*! 65)/'+! *0+! -+%C5*%! 2-+%+/*+;! (/! I)Y5+! Z! %0&T! )! '&/'+-/(/6! (/'-+)%+! (/! *0+! 2-&2&-*(&/! &.! +5;+-57! 2&2C5)*(&/! )'-&%%! *(3+#! )/;! )*! *0+! %)3+! *(3+#! )! ;+'-+)%+! (/! *0+! 2-&2&-*(&/! &.! Y&*0#! 7&C/6! )/;! )'*(9+! 2&2C5)*(&/D! a/'+! )6)(/#! (.! *0+! &Y*)(/+;! -+%C5*%! T(*0&C*!*0+!(32)'*!&.!/+*!3(6-)*(&/!)-+!)5-+);7!;(%*C-Y(/6#!T(*0!*0+!(32)'*!&.!3)%%(9+! &C*A3(6-)*(&/!.5&T%#!*0+!%(*C)*(&/!+%')5)*+%D!$/&*0+-!'&/'+-/(/6!%(*C)*(&/!(%!6(9+/!Y7!*0+! +V)3(/)*(&/!&.!*0+!&Y*)(/+;!-+%C5*%!T0+/!*0+!$6(/6!>/;+VN!G$D>DQ!T)%!')5'C5)*+;#!3)(/57!

Y+')C%+! (.! (/! PM"P#! T+! ')/! ;+.(/+! *0+! ,&-*C6C+%+! %(*C)*(&/! )%! %*(55! c2&%(*(9+d! G3&-+! 7&C/6+-! *0)/! +5;+-57! (/0)Y(*)/*%Q#! T0+/! .&-! +9+-7! "MM! 7&C/6! (/0)Y(*)/*%! T0+-+! -+'&-;+;! )-&C/;! OL! +5;+-57! (/0)Y(*)/*%#! (/! PMZP! (%! )53&%*! %C-+! *0)*! *0(%! 9)5C+! %(6/(.(')/*57! (/'-+)%+%D! $''&-;(/6! T(*0! *0+! '0&%+/! %'+/)-(&#! (*! (%! +V2+'*+;! *0)*! *0+! /C3Y+-! &.! +5;+-57! (/0)Y(*)/*%! 2+-! +)'0! "MM! 7&C/6! &/+%! 9)-7! Y+*T++/! "NO! )/;! Zei#! (/'-+)%(/6!+9+/!3&-+!*0+!'&/'+-/(/6!)-&C/;!*0+!'&C/*-7!%C%*)(/)Y(5(*7D!

! ! !

"/@.$! E4! ,-&2&-*(&/%! &.! 7&C/6! GMA"OQ#! )'*(9+! 2&2C5)*(&/! GPMAiNQ#! )6+;! 2&2C5)*(&/! GiemQ! )/;!

)6(/6!(/;+V! ! !! CH;C! CHCC! CHEC! ! ! ! G.)6$,'! /+01+! ,3$1/(0), R$1'(/.! /+01+! ,3$1/(0), 9/,'$,'! /+01+! ,3$1/(0), G.)6$,'! /+01+! ,3$1/(0), R$1'(/.! /+01+! ,3$1/(0), 9/,'$,'! /+01+! ,3$1/(0), ! ! ! , , , , , , _( *0 &C *!/ +* ! 3( 6-)* (& /!

HS;L! PMDM! "LDL! "LDP! "iDf! "LDi! "eDM! "ZDP!

CHSOM! iMDi! eODL! eODZ! efDO! eiDZ! eiDP! eiDM!

ONT! "ODN! PPDi! PZDe! PNDP! PiDP! PfDf! ZMDf!

! 7ABA! OiDL! "PfDM! "ZiDf! "NNDP! "NOD"! "OPDZ! PZZDf!

! ! ! ! ! ! ! ! ! _( *0 !/ +* ! 3( 6-)* (& /!

HS;L! PMDM! "LDM! "iDe! "iDP! "NDe! "PDP! "MDL!

CHSOM! iMDi! eLDe! eLDM! eiDi! ePDi! ePDM! e"DN!

ONT! "ODN! PeDe! PiDe! PLDZ! ZPDf! ZeDL! ZfDM!

!

7ABA! OiDL! "eMDM! "iMDP! "ifDL! PPiDM! POPD"! ZeeDO!

G)&(3$4!aT/!')5'C5)*(&/#!>[?!A!4*)*(%*('%!,&-*C6)5D!

! !

<+%C3(/6#! T+! ')/! *0)*! *0+! )6+;! 2&2C5)*(&/! (/'-+)%+%! )*! *0+! %)3+! *(3+! *0)*! *0+! *&*)5! 2&2C5)*(&/! ;+'-+)%+%! )-&C/;! &/+! *0(-;! )/;! &/+! .&C-*0#! ;+2+/;(/6! &/! *0+! ;(..+-+/*! )%%C3+;! %'+/)-(&%D! H&55&T(/6! *0+! .)%*+%*! )6(/6! %'+/)-(&! T(*0! /+*! 3(6-)*(&/#! *0+! )6+;! iem!2&2C5)*(&/!3(60*!)'0(+9+!*0+!/C3Y+-!&.!P!OfZ!fff!(/0)Y(*)/*%!G.-&3!T0('0!"!LMf! MOf!)-+!.+3)5+%Q#!(/'5C;(/6!"!MZN!ZL"!(/;(9(;C)5%!)6+;!fMm!GiNe!Ofe!.+3)5+%!)/;!Zff! Zfi!3)5+%QD!

>/! &22&%(*(&/#! *0+! 5)Y&-! .&-'+! /&*! &/57! ;+'-+)%+%! (/! 2-&2&-*(&/)5! *+-3%#! YC*! )5%&! (/! )Y%&5C*+!9)5C+%#!Y+(/6!&/57!!"#!$"%%&!(/0)Y(*)/*%!.-&3!*0+!'"%$!"!(&!*0)*!%0)-+!*0+!%)3+! )6+!6-&C2#!.&-!*0+!7+)-!&.!PM"PD! $5*0&C60!*0)*!*0(%!2&2C5)*(&/!;+'-+)%(/6!T)%!'&325+*+57!+V2+'*+;#!*0+!*-C+!(%!*0)*!&/+%! ;(;!/&*!+V2+'*+;!%C'0!)!.)%*!;+9+5&23+/*!(/!T0)*!'&/'+-/%!T(*0!*0+!)Y%&5C*+!'0)/6+D!

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

N![C3Y+-!&.!+5;+-57!Y7!"MM!'0(5;-+/!

(14)

!

"N! I0+!)6(/6!&.!*0+!5)Y&-!.&-'+!)/;!(*%!-+;C'*(&/!0)9+!)!%*-&/6!(32)'*!(/!*0+!(//&9)*(&/!)/;! 2-&;C'*(9(*7!*0)*#!2+-!%+#!T(55!/+6)*(9+57!)..+'*!*0+!+'&/&3('!;+9+5&23+/*!&.!*0+!'&C/*-7#! )/;!)55!*0+%+!'0)/6+%!T(55!);;!3&-+!+..&-*!*&!*0+!*)V2)7+-%!*0+3%+59+%D! I&6+*0+-#!*0+!(/'-+)%(/6!&.!)6+;!2&2C5)*(&/#!*0+!;(3(/C*(&/!&.!*0+!5)Y&-!.&-'+!)/;!7&C/6! 2&2C5)*(&/#! T(55! '0)/6+! ;-)3)*(')557! *0+! '&/%C32*(&/! )/;! %)9(/6! 0)Y(*%#! YC*! )5T)7%! ;+2+/;(/6!3&-+!&/!*0+!T)6+!(*%+5.!*0)/!&/!*0+!+9&5C*(&/!&.!*0+!2&2C5)*(&/!%*-C'*C-+D! =&/.(-3(/6! *0(%! 072&*0+%(%#! *0+! 0C6+! (/'-+)%+! +V2+'*+;! (/! *0+! /C3Y+-! )/;! T+(60*! &.! +5;+-57! 2&2C5)*(&/#! T(55! 0)9+! )/! );9+-%+! (32)'*! (/! *0+! +;C')*(&/#! 0+)5*0! )/;! %&'()5! (/%C-)/'+!%7%*+3%D!!

,-&X+'*(/6! 0+)5*0! ')-+! ;+3)/;! )%%&'()*+;! T(*0! )6(/6#! %0&C5;! Y+! )5T)7%! *)W(/6! (/*&! )''&C/*! 9)-()Y5+%! 5(W+! *0+! 3)-(*)5! %*)*C%#! *0+! 2-+%+/'+! &.! );C5*! ;+'+;+/*%#! +5;+-57! 2&2C5)*(&/! %)5)-7! )/;! 5+9+5! &.! +;C')*(&/! )/;! %&'()5! 2-+%*(6+! Gh(+65+-! S! 1&Y50)33+-#! PM"MQD!

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

$!'&/%+^C+/'+!&.!*0+!'&/%&5(;)*(&/!&.!)!c0+)9(+-d!*&2!&/!*0+!2&2C5)*(&/!27-)3(;!(%!)5%&! *0+! (/'-+)%(/6! 2-&2&-*(&/! &.! *0+! 2&2C5)*(&/! *0)*! (%! 5(9(/6! (/! (/%*(*C*(&/)5! 0&C%+0&5;%#! %2+'(.(')557!).*+-!)6+!ieD!I)Y5+!N!2-+%+/*%!*0+!2-&X+'*+;!+9&5C*(&/!.&-!*0+!')%+!&.!3)5+%! )/;! .+3)5+%! %+2)-)*+57#! )/;! (*! ')/! Y+! %++/! *0)*! )3&/6! )55! *0+! 3)5+! 2&2C5)*(&/#! (*! (%! +V2+'*+;!*0)*!*0+!2-&2&-*(&/!&.!ie!)/;!3&-+!)6+;!3)5+%!6-&T!PDN!*(3+%!(/!*0+!/+V*!PM! 7+)-%#! T0(5+! *0)*! *0+! 2-&2&-*(&/! &.! .+3)5+! GiemQ! 2&2C5)*(&/! (/%*(*C*(&/)5(\+;! 6-&T%! )-&C/;! PDZ! *(3+%D! @&T+9+-#! )/;! +9+/! *0)*! +V2+'*+;! ;C+! *&! *0+! 0(60+-! .+3)5+! 5(.+! +V2+'*)/'7#! (*! (%! )5%&! (32&-*)/*! *&! -+.+-! *0)*! (/! )/7! ')%+! *0+! 2-&2&-*(&/! &.! .+3)5+! 2&2C5)*(&/!*0)*!(%!5(9(/6!(/!(/%*(*C*(&/)5!0&C%+0&5;%!).*+-!)6+!ie!(%#!(/;+2+/;+/*57!&.!*0+! &Y%+-9+;!%'+/)-(&#!)5T)7%!0(60+-!*0)/!(/!*0+!3)5+!')%+D! ! ! ! ! !

(15)

!

"e! "/@.$!M4!,-&2&-*(&/%!&.!(/%*(*C*(&/)5(\+;!3)5+%!)/;!.+3)5+%!)6+;!iem!(/!*0+!7+)-%!&.!PM"P#!PMPP! )/;!PMZP!!

!

!

PM"P! PMPP! PMZP! ! !! !! C*0)$90,/"0,

#*%&'0*$/, #*%&'0*$/,C*0),/"0, C*0)$90,/"0,#*%&'0*$/, #*%&'0*$/,C*0),/"0,

! 8/ .$ ,! G.)6$,'!/+01+!,3$1/(0)! MDe! MDi! MDL! MDL! MDO! R$1'(/.!/+01+! ,3$1/(0)! MDi! MDL! MDf! "D"! 9/,'$,'!/+01+! ,3$1/(0)! MDL! MDf! "DM! "DP! ! ! !! ! ! 9$ : /. $, ! G.)6$,'!/+01+! ,3$1/(0)! "DP! "DN! "Di! "Di! PD"! R$1'(/.!/+01+! ,3$1/(0)! "Di! "Df! PDM! PDe! 9/,'$,'!/+01+! ,3$1/(0)! "DL! "DO! PDZ! PDf! G)&(3$4!aT/!')5'C5)*(&/#!>[?!A!4*)*(%*('%!,&-*C6)5D! ! !

$*! *0+! %)3+! *(3+! *0)*! *0+! .C*C-+! &.! *0+! ,&-*C6C+%+! 2&2C5)*(&/! (%! 0)/;! (/! )! 65&9+! T(*0! ;+'5(/+!)/;!)6(/6#!(*!(%!)5%&!+V2+'*+;!*&!%++!3)X&-!'0)/6+%!(/!*0+!0&C%+0&5;!;(3+/%(&/%! )/;!;+3)/;D!>/!"OiM#!*0+!)9+-)6+!%(\+!&.!*0+!,&-*C6C+%+!0&C%+0&5;%!T)%!ZDi#!YC*!).*+-! eP!7+)-%#!(D+D#!(/!PM"P#!*0+!&Y%+-9+;!9)5C+!;+'-+)%+;!*&!PDiD!I0(%!3+)/%!*0)*!(/!*0+!5)%*!eP! 7+)-%! +)'0! 0&C%+0&5;! 5&%*! )-&C/;! &/+! 2+&25+! (/! )9+-)6+#! 0&T+9+-#! C/;+-! *0+! 'C--+/*! %(*C)*(&/!&.!*0+!'&C/*-7#!T+!+V2+'*!*0)*!(/!*0+!/+V*!PM!7+)-%!*0+!;+'-+)%+!(/!*0+!)9+-)6+! %(\+!&.!*0+!0&C%+0&5;%!9)-7!Y+*T++/!)!3(/(3C3!&.!MDP!)/;!)!3)V(3C3!&.!MDN#!(D+D#!T(*0! )/;!T(*0&C*!*0+!(32)'*!&.!/+*!3(6-)*(&/#!-+%2+'*(9+57D!I0(%!%(*C)*(&/!3+)/%!*0)*!*0+!2)'+! &.! ;+'-+)%+! &Y%+-9+;! (/! *0+! 5)%*! eP! 7+)-%! (/! *0+! 0&C%+0&5;! )9+-)6+! %(\+! ')/! Y+! /&T! -+6(%*+-+;! )6)(/#! YC*! (/! )! %0&-*+-! *(3+! -)/6+D! I0+! -+%C5*%! 2-+%+/*+;! (/! H(6C-+! i! 6(9+! )! 9+-7! '5+)-! +V)325+! )Y&C*! *0(%! %(*C)*(&/#! )/;! )*! *0+! %)3+! *(3+#! )55&T! )! Y+**+-! C/;+-%*)/;(/6! )Y&C*! *0+! 2&%%(Y5+! '0)/6+%! (/! *0+! 0&C%+0&5;! '&32&%(*(&/! *0)*! ')/! %C''++;!.-&3!*0+!2-+;('*+;!0(60!/+6)*(9+!/+*!3(6-)*(&/D! ! ! 90+&($!O4!?9&5C*(&/!&.!)9+-)6+!0&C%+0&5;!%(\+#!(/!*0+!%+5+'*+;!%'+/)-(&%!Y+*T++/!PM"P!)/;!PMZP#! .&-!,&-*C6)5!T(*0!)/;!T(*0&C*!*0+!/+*!3(6-)*(&/!(32)'*!

!

G)&(3$4!aT/!')5'C5)*(&/#!>[?!A!4*)*(%*('%!,&-*C6)5D! P#M! P#"! P#P! P#Z! P#N! P#e! P#i! P#L! P#f! P#O! Z#M! 5 )& ,$ # ). 2 !,0 U$ ! I$/(! 45&T+%*!$6+(/6!4'+/)-(&! =+/*-)5!)6+(/6!4'+/)-(&! H)%*+%*!$6+(/6!4'+/)-(&! 45&T+%*!$6+(/6!4'+/)-(&![DUD! =+/*-)5!)6+(/6!4'+/)-(&![DUD! H)%*+%*!$6+(/6!4'+/)-(&![DUD!

(16)

!

"i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

I0(%!%(*C)*(&/!-+.+-%!(/%*)/*)/+&C%57!*&!&/+!&.!*0+!3)X&-!072&*0+%(%!(/!*0(%!%*C;7#!T0('0! )5%&! %0)-+%! *0+! *(*5+! ;+%(6/)*(&/E! c=)/! ,&-*C6C+%+! 2+&25+! +V2+'*! *&! )6+! )5&/+! (/! *0+! .C*C-+`d#!)/;!(*!%++3%!*0)*!*&6+*0+-!T(*0!*0+!)6(/6!2&2C5)*(&/!%*-C'*C-+#!*0+!,&-*C6C+%+! 2&2C5)*(&/! (%! )5%&! T)5W(/6! *&T)-;%! )! 5&/+57! .C*C-+! *0)*! -+%C5*%! .-&3! ;(..+-+/*! '0&('+%! )/;!C/'&/*-&55)Y5+!&''C--+/'+%D!

! !

90+&($! P4! ,-&2&-*(&/! &.! 2-(9)*+! 0&C%+0&5;%! T(*0! )! '+-*)(/! /C3Y+-! &.! 2+-%&/%! G'+/*-)5! )6(/6!

%'+/)-(&Q! ,)/+5!"E!T(*&C*0!/+*!3(6-)*(&/! ,)/+5!PE!T(*0!/+*!3(6-)*(&/!

!

!

G)&(3$4!aT/!')5'C5)*(&/#!>[?!A!4*)*(%*('%!,&-*C6)5D! ! !

4*(55#! *0+! 2-+9(&C%! %(*C)*(&/! 2-+%+/*+;! Y7! H(6C-+! L! ')/! Y+! -+(/.&-'+;! Y7! *0+! -+%C5*%! 2-+%+/*+;!(/!H(6C-+!f#!T0+-+!*0+!2-&2&-*(&/!&.!2+-%&/%!5(9(/6!)''&-;(/6!T(*0!;(..+-+/*! 2-(9)*+!0&C%+0&5;%!%(\+!(%!2-+%+/*+;D!>/!Y&*0!')%+%#!T(*0!)/;!T(*0&C*!*0+!(32)'*!&.!/+*! 3(6-)*(&/!G2)/+5%!"!)/;!PQ#!(*!')/!Y+!%++/!*0)*!)*!*0+!%)3+!*(3+!*0)*!*0+!2-&2&-*(&/!&.! 2+-%&/%! 5(9(/6! *&6+*0+-! T(*0! 3&-+! *0)/! &/+! 2+-%&/! (%! ;+'-+)%(/6#! *0+! 2-&2&-*(&/! &.!

M! e! "M! "e! PM! Pe! ZM! Ze! NM! "! P! Z! N! e! *( 0V/'$!55!WXY! 5)&,$#).2!20:$1,0)1! PM"P! PMZP! M! e! "M! "e! PM! Pe! ZM! Ze! NM! "! P! Z! N! e! *( 0V/'$!55!WXY! 5)&,$#).2!20:$1,0)1! PM"P! PMZP!

(17)

!

"L! (/;(9(;C)5%! 5(9(/6! )5&/+! &-! %0)-+! *0+! 2-(9)*+! 0&C%+0&5;! &/57! T(*0! &/+! 2+-%&/! 3&-+! (%! (/'-+)%(/6D!a/'+!)6)(/#!*0+!(32)'*!&.!/+*!3(6-)*(&/!(%!%0&T/!*&!(3257!3)X&-!(/.5C+/'+!(/! *0+!.(/)5!-+%C5*%D!I0+!&Y%+-9+;!G2&%%(Y5+Q!'0)/6+%!)5%&!XC%*(.7!)/;!-+(/.&-'+!*0+!&Y*)(/+;! '0)/6+%!(/!*0+!;+'-+)%+!&.!*0+!)9+-)6+!%(\+!&.!2-(9)*+!0&C%+0&5;%!)'-&%%!*(3+D! ! 90+&($!Q4!,-&2&-*(&/!&.!2+-%&/%!5(9(/6!)''&-;(/6!T(*0!;(..+-+/*!2-(9)*+!0&C%+0&5;%!%(\+!G'+/*-)5! )6(/6!%'+/)-(&Q! ,)/+5!"E!T(*&C*0!/+*!3(6-)*(&/! ,)/+5!PE!T(*0!/+*!3(6-)*(&/!

!

!

G)&(3$4!aT/!')5'C5)*(&/#!>[?!A!4*)*(%*('%!,&-*C6)5D! ! a/+!&.!*0+!2&%%(Y(5(*(+%!&.!C%(/6!*0+!0&C%+0&5;!0+);%0(2!3+*0&;!(%!*&!)55&T!Y-+)W(/6!*0+! +%*(3)*+%! (/*&! ;(..+-+/*! ')*+6&-(+%#! ;+2+/;(/6! )5T)7%! .-&3! *0+! %2+'(.('(*7! &.! *0+! (/2C*! (/.&-3)*(&/!%2+'(.('(*7D!>/!*0(%!')%+#!)/;!.&55&T(/6!T0)*!T)%!;+.(/+;!Y+.&-+!)%!6&)5%#!T+! ;+'(;+;!*&!+%*(3)*+!)5%&!*0+!)9+-)6+!%(\+!&.!*0+!0&C%+0&5;%!*)W(/6!(/*&!)''&C/*!*0+!'(9(5! %*)*C%!&.!*0+!0+);E!%(/65+#!3)--(+;#!;(9&-'+;!&-!T(;&T+;D!a/'+!)6)(/#!*-7(/6!*&!)9&(;!*0+! (/*-&;C'*(&/!&.!3&-+!C/'+-*)(/*7!(/*&!&C-!+%*(3)*+%#!*0+!+%*(3)*+%!2-+%+/*+;!(/!I)Y5+!e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

!

"/@.$! N4!?9&5C*(&/! &.! )9+-)6+! 0&C%+0&5;! %(\+#! Y7! '(9(5! %*)*C%#! Y+*T++/! PM"P! )/;! PMZP#! .&-! ,&-*C6)5!T(*0!)/;!T(*0&C*!*0+!/+*!3(6-)*(&/!(32)'*!G'+/*-)5!)6(/6!%'+/)-(&Q!

!

! CH;C! CHCC! CHEC!

! ! C*0)$90,/"0,#*%&'0*$/, #*%&'0*$/,C*0),/"0, C*0)$90,/"0,#*%&'0*$/, #*%&'0*$/,C*0),/"0,

G01+.$! PDL! PDe! PDN! PDN! PDZ!

8/((0$2! PDi! PDe! PDN! PDN! PDZ!

D0V)(3$2! "Df! "DL! "DL! "DL! "Di!

Z02)6$2! "De! "De! "DN! "De! "DN!

G)&(3$4!aT/!')5'C5)*(&/#!>[?!A!4*)*(%*('%!,&-*C6)5D! M! e! "M! "e! PM! Pe! ZM! Ze! "! P! Z! N! e! * () -)( '0 )1 !) %!-$( ,) 1 ,! WX Y! 5)&,$#).2!20:$1,0)1! PM"P! PMZP! M! e! "M! "e! PM! Pe! ZM! Ze! "! P! Z! N! e! * () -)( '0 )1 !) %!-$( ,) 1 ,! WX Y! 5)&,$#).2!20:$1,0)1! PM"P! PMZP!

(18)

!

"f! >.!.C*C-+!+5;+-57!(/!,&-*C6)5!%++3!/&*!*&!2-+%+/*!.)9&-)Y5+!2-+A+%*)Y5(%0+;!'&/;(*(&/%!(/! T0)*!'&/'+-/%!*&!.)3(5(+%!5(W+!*0+!&/+%!*&;)7#!&/'+!*0)*!&/57!)!.+T!&.!*0+%+!(/0)Y(*)/*%! )-+!2-+;('*+;!*&!6+*!3)--(+;#!(*!(%!)5%&!(32&-*)/*!)/!-++9)5C)*(&/!&.!*0+(-!/++;%D!$*!*0+! %)3+!*(3+!*0)*!(/;(9(;C)5%!Y+'&3+!3&-+!)/;!3&-+!'&32-&3(%+;!T(*0!*0+(-!&T/!0+)5*0#! 5(9(/6! '&/;(*(&/%! W++2! (32-&9(/6#! 3)(/57! ;C+! *&! *0+(-! &T/! (/;(9(;C)5! 6+/+*('! 2-+;(%2&%(*(&/! )/;! )%! T+55! .-&3! *0+! 0+)5*0! (32-&9+3+/*%! *0)*! '&3+! .-&3! *+'0/&5&67! )/;!3+;('(/+!Gh(+65+-!S!1&Y50)33+-#!PMMLQD!

!

NA R)13.&,0)1,!

!

$''&-;(/6! T(*0! &C-! -+%C5*%#! (*! (%! 2-&Y)Y5+! *0)*! ,&-*C6)5! 5&%+%! Y+*T++/! "De! )/;! ZDe! 3(55(&/%! &.! (/0)Y(*)/*%! C/*(5! PMZPD! $*! *0+! %)3+! *(3+#! )/;! .&55&T(/6! *0+! .)%*+%*! )6(/6! %'+/)-(&#!*0+!/C3Y+-!&.!+5;+-57!')/!(/'-+)%+!.-&3!P!MZP!iMi!*&!P!OfZ!fff!Y+*T++/!PM"P! )/;!PMZPD!

I0(%!*-+3+/;&C%!+9&5C*(&/!(/!*0+!,&-*C6C+%+!2&2C5)*(&/!0)%!)%!'&/%+^C+/'+!*0+!C-6+/*! /+'+%%(*7!&.!25)//(/6!+^C(23+/*!)/;!-+%&C-'+%!;(-+'*+;!*&!*0+!+5;+-57D!a/+!'&/%+^C+/'+! &.! )6(/6! (%! *0+! +V2+'*+;! (/'-+)%+! (/! *0+! /C3Y+-! &.! (/%*(*C*(&/)5(\+;! 2+-%&/%! (/! T0)*! '&/'+-/%!*&!+5;+-57#!+%2+'()557!(/!.+3)5+!')%+#!T0('0!2-+%+/*!0(60+-!5(.+!+V2+'*)/'7!*0)/! 3)5+%D! I0+!(32&-*)/'+!&.!.)3(57!-+5)*(&/%0(2%!)/;!.)3(57!'&32&%(*(&/!T(*0!-+6)-;!*&!%C22&-*! )/;!')-+!.&-!*0+!+5;+-57#!5+;!C%!*&!.&-+')%*!/&*!&/57!*0+!)9+-)6+!0&C%+0&5;!%(\+#!YC*!)5%&! *0+!2-&2&-*(&/!&.!2-(9)*+!0&C%+0&5;%!(/!.C/'*(&/!&.!*0+!/C3Y+-!&.!2+-%&/%!-+%(;+/*#!)/;! )5%&!*0+!2-&2&-*(&/!&.!2+-%&/%!5(9(/6!)''&-;(/6!2-(9)*+!0&C%+0&5;%!T(*0!;(..+-+/*!%(\+D! I0+!&Y*)(/+;!-+%C5*%!.&-!*0&%+!2-&X+'*(&/%!2-+%+/*!)!'&/*-)'*(&/!(/!*0+!/C3Y+-!&.!5)-6+! .)3(5(+%! GZ! &-! 3&-+! 2+-%&/%Q! )/;! (*%! 2-&2&-*(&/! (/! *0+! *&*)5! /C3Y+-! &.! .)3(5(+%#! )5&/6! T(*0!)!6-&T(/6!/C3Y+-!&.!%3)55!.)3(5(+%!G"!&-!P!2+-%&/%Q!)/;!*0+(-!-+2-+%+/*)*(&/!(/!*0+! ,&-*C6C+%+!%&'(+*7D!

>/! -+'+/*! ;+');+%! *0+! 2-&2&-*(&/! &.! 5)-6+! .)3(5(+%! 0)%! Y++/! ;+'5(/(/6D! @&T+9+-#! )/)57\(/6! *0+! 2-&2&-*(&/! &.! -+%(;+/*%! )''&-;(/6! *&! 2-(9)*+! 0&C%+0&5;%! %(\+! T+! .&C/;! *0)*#!(/!PM"P#!*0+!0(60+%*!2-&2&-*(&/!-+.+-%!*&!0&C%+0&5;%!'&/%*(*C*+;!Y7!Z!(/;(9(;C)5%D! K+%(;+%!*0)*#!%&-*+;!(/!)!;+%'+/;(/6!&-;+-!&.!-+2-+%+/*)*(&/#!)-+!*0+!0&C%+0&5;%!T(*0!N#! P#! )/;! e! (/;(9(;C)5%#! )/;! *0+! 5)%*! 2&%(*(&/! -+.+-%! *&! *0+! %(/65+! G"Q! 2+-%&/! 0&C%+0&5;%D! $''&-;(/6! *&! &C-! -+%C5*%#! T+! +V2+'*! *0)*! (/! PMZP#! *0+! &-;+-! '0)/6+%#! )/;! *0+! 0(60+-! 2-&2&-*(&/!&.!2+&25+!T(55!Y+!5(9(/6!(/!2-(9)*+!0&C%+0&5;%!T(*0!P!(/;(9(;C)5%#!.&55&T+;!Y7! *0&%+!'&32&%+;!Y7!Z#!N#!"!)/;!e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e! 2+-%&/%#!T0(5+!*0+!2-&2&-*(&/!&.!*0&%+!5(9(/6!(/!0&C%+0&5;%!T(*0!Z!2+-%&/%!%*)7%!)53&%*! C/'0)/6+;#!3(60*!Y+!'&//+'*+;!T(*0!*0+!&2*(&/!&.!,&-*C6C+%+!'&C25+%!0)9(/6!&/+!'0(5;! &/57D!

(19)

!

"O! H&-!*0+!+5;+-57!5(9(/6!+%2+'()557!(/!%3)55!.)3(5(+%!T(*0!*0+!)Y%+/'+!&.!'0(5;-+/!&-!%2&C%+#! *0(%! %(*C)*(&/! ')/! '-+)*+! *0+! /++;! .&-! 6-+)*+-! %C22&-*! .-&3! *0+! '&33C/(*7! )/;! 5&')5! 0+)5*0!%+-9('+%D!I0(%!/++;!Y+'&3+!3&-+!)'C*+!(/!2+-(&;%!&.!+'&/&3('!;+2-+%%(&/D!

H(/)557#!*0+!2-+;('*(&/!&.!*0+!+9&5C*(&/!&.!*0+!)9+-)6+!0&C%+0&5;!%(\+!Y7!*0+!'(9(5!%*)*C%! &.!*0+!0&C%+0&5;!0+);#!)5+-*!C%!*&!%&3+!%(6/(.(')/*!'0)/6+%!*0)*!3)7!&''C-!(/!-+5)*(&/!*&! ;(..+-+/*!*72+%!&.!.)3(5(+%E!G"Q!0&C%+0&5;%!T0&%+!-+2-+%+/*)*(9+%!)-+!%(/65+!&-!3)--(+;#! (/! PM"P#! 5(9+;! (/! 5)-6+-! 0&C%+0&5;%! GPDL! )/;! PDi#! -+%2+'*(9+57Q#! 0&T+9+-#! (/! PMZP#! )! -+;C'*(&/!(/!*0+!*0(%!9)5C+%!&''C-%!GPDZQ#!)/;!*0(%!'0)/6+!')/!-+%C5*!.-&3!)!;+'-+)%+!(/! *0+!/C3Y+-!&.!3)--()6+%]!GPQ!)5*0&C60!*0)*!(*!')/!Y+!&Y%+-9+;!)!6+/+-)5(\+;!-+;C'*(&/!(/! *0+! /C3Y+-! &.! -+%(;+/*%! (/! )53&%*! )55! ')%+%#! *0+! )9+-)6+! %(\+! &.! *0+! )66-+6)*+%! T0&%+! 0&C%+0&5;! 0+);! (%! ;(9&-'+;! T(55! /&*! 2-+%+/*! )! 6-+)*! 9)-()*(&/! G"Df! (/! PM"P! )/;! ! "DL! (/! PMZPQ#! T0('0! ')/! %0&T! *0)*! %(/65+! 2)-+/*%! 3)(/*)(/! )! -+5)*(9+! (32&-*)/'+]! )/;! GZQ! 0)22+/(/6! *0+! %)3+! %(*C)*(&/! (/! *0+! ')%+! &.! T(;&T+-%! G"De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

(20)

!

PM!

?$%$($13$,!

! J20$V#!1DUD!GPMMLQD!a/!2-&X+'*(/6!*0+!;(%*-(YC*(&/!&.!2-(9)*+!0&C%+0&5;%!Y7!%(\+D!n(+//)! >/%*(*C*+!&.!1+3&6-)207!_&-W(/6!,)2+-%#!NJPMML#!n(+//)#!$C%*-()D! !

<01[$#! _D! G"OffQD! I0+! 0+);%0(2! )22-&)'0! (/! 3&;+5(/6! 0&C%+0&5;%E! *0+! ')%+! &.! *0+! H+;+-)5! <+2CY5('! &.! k+-3)/7D! J/E! U&;+5(/6! @&C%+0&5;! H&-3)*(&/! )/;! 1(%%&5C*(&/D! [D! g+(53)/#!$D!gC(X%*+/!)/;!$D!n&%%+/D!aV.&-;#!=5)-+/;&/!,-+%%D!

!

8/,)1#! $D! G"OfLQD! @aU?4E! $! @&C%+0&5;! U&;+5! .&-! ?'&/&3('! )/;! 4&'()5! 4*C;(+%D! ?)%*A _+%*!=+/*+-#!@)T)((D!

!

83D)1/.2#! ,D! S! g(22+/D! <D! G"OOfQD! @&C%+0&5;! *-+/;%! )/;! 2-&X+'*(&/%E! n('*&-()! "OfiA PM""D!n('*&-()/!1+2)-*3+/*!&.!>/.-)%*-C'*C-+#!U+5Y&C-/+D!

!

?)6./12#! 1DID! GPMMZQD! 1+3&6-)20('! U+*0&;%! )/;! =&/'+2*%D! aV.&-;! 8/(9+-%(*7! ,-+%%#! [+T!o&-WD!

!

\$1+#! oD#! b)/;#! gD=D#! _)/6#! h#! kC#! 1D! GPM"ZQD! @&C%+0&5;! )/;! 5(9(/6! )--)/6+3+/*! 2-&X+'*(&/%! )*! *0+! %CY/)*(&/)5! 5+9+5E! )/! +V*+/;+;! '&0&-*A'&32&/+/*! )22-&)'0D! 1+3&6-)207#!eMEfPL!A!fePD!

!

\0$+.$(#! 8D! S! 1&Y50)33+-#! kD! GPMMLQD! =&0&-*! '0)/6+%! (/! *0+! (/'(;+/'+! &.! ')-+! /++;! (/! _+%*! k+-3)/7#! Y+*T++/! "Ofi! )/;! PMMeD! <&%*&'W! =+/*+-A1(%'C%%(&/! 2)2+-#! <&%*&'W! =+/*+-!.&-!*0+!4*C;7!&.!1+3&6-)20('!=0)/6+D!

!

\0$+.$(#! 8D! S! 1&Y50)33+-#! kD! GPM"MQD! =)-+! /++;! 2-&X+'*(&/%! Y7! 3)-(*)5! %*)*C%! )/;! '0(5;5+%%/+%%!.&-!k+-3)/7!PMMMAPMZM!Y)%+;!&/!*0+!H?b>=?!,-&X+'*D!42-(/6+-D! ! ! ! !

!

Referências

Documentos relacionados

The present work’s goal was to model by artificial neural networks the effect of different production and conservation conditions, as well as extraction

Para os pequenos produtores, a agricultura orgânica se mostra como uma oportunidade, pois está inserida em um nicho de mercado, constitui uma estratégia diferenciada e pode

Até ao presente estudo, este conjunto não possuía referência de inventário que acabou por ser atribuído pela Dr.ª Esmeralda Gomes, uma das responsáveis pelas

The genes proposed to participate in MGLPs biosynthesis are highly conserved among mycobacteria, and several of them were considered essential for mycobacterial in

Nous signalons, dans cette bibliographie, les études qui nous semblent être les plus importantes pour l'étude actuelle de la philosophie médiévale au Portugal.. Les auteurs

Entendem ser este um projeto excelente, muito positivo e gratificante para todos os intervenientes (crianças, pais ou acompanhantes e profissionais). Segundo a opinião de

Outra dificuldade era a falta de motivação dos alunos para esta modalidade, sendo que esta situação já era do nosso conhecimento pois fomos avisados pela professora orientadora e

Nuno Jorge Lamas , Sandra Martins, Ana Raquel Lemos, Patrício Costa, Manuel João Costa, Nuno Sousa Life and Health Sciences Research Institute (ICVS), School of Medicine, University