10.1 Definitieve jaarrekening 2023 RMN - was getekend versie
Tekst van het document
îîíòðððôóò
Ì¿¾»´ ï¿ò Ô»·¼·²¹¹»ª»²¼» ¬±°º«²½¬·±²¿®·--»² ³»¬ ¼·»²-¬¾»¬®»µµ·²¹ ø²¿ ïî» ³¿¿²¼÷ò Ô»·¼·²¹¹»ª»²¼» ¬±°º«²½¬·±²¿®·--»² øÞ»¼®¿¹»² ·²
ö ïòððð÷
ÖòÜò Ò·¶µ¿³°
Íò Õ´»·² ¼» Ö±²¹
Í»½®»¬¿®· ¼·®»½¬»«® ¿ò·ò
Í»½®»¬¿®· ¼·®»½¬»«®
ðïñðï ¬ñ³ íïñðë
ðïñðë ¬ñ³ íïñïî
ðôèç
ï
¶¿
¶¿
êèòíèð
ïïïòðçê
ð
ð
Í«¾¬±¬¿¿´
êèòíèð
ïïïòðçê
ײ¼·ª·¼«»»´ ¬±»°¿--»´·¶µ» ¾»¦±´¼·¹·²¹-³¿¨·³«³
èîòïðé
ïìçòêèë
óñó Ѳª»®-½¸«´¼·¹¼ ¾»¬¿¿´¼ »² ²±¹ ²·»¬ ¬»®«¹±²¬ª¿²¹»² ¾»¼®¿¹
²òªò¬ò
²òªò¬ò
Þ»¦±´¼·¹·²¹
êèòíèð
ïïïòðçê
̱»´·½¸¬·²¹ ±° ¼» ª±®¼»®·²¹ ©»¹»²±²ª»®-½¸«´¼·¹¼» ¾»¬¿´·²¹
²òªò¬ò
²òªò¬ò
Ú«²½¬·»¹»¹»ª»²ß¿²ª¿²¹ »² »·²¼» º«²½¬·»ª»®ª«´´·²¹ ·² îðîí
øÚ·½¬·»ª»÷ ¼·»²-¬¾»¬®»µµ·²¹á Þ»¦±´¼·¹·²¹ Þ»´±²·²¹ °´«- ¾»´¿-¬¾¿®» ±²µ±-¬»²ª»®¹±»¼·²¹»² Þ»´±²·²¹»² ¾»¬¿¿´¾¿¿® ±° ¬»®³·¶²
Ì»® ª»®¹»´·¶µ·²¹ ³»¬ ¸»¬ ª±®·¹» ¾±»µ¶¿¿® ©±®¼»² ¸·»®±²¼»® ¼» ÉÒÌ ¬¿¾»´´»² «·¬ îðîî ©»»®¹»¹»ª»²ò
ÎÓÒ Ö¿¿®ª»®-´¿¹ îðîí
êé
ÉÒÌ ¬¿¾»´ îðîî ï¿ øÞ»¼®¿¹»² ¨
ï÷
ÖòÜò Ò·¶µ¿³° Ú«²½¬·»¹»¹»ª»²ß¿²ª¿²¹ »² »·²¼» º«²½¬·»ª»®ª«´´·²¹ ·² îðîîñîðîï
Í»½®»¬¿®· ¼·®»½¬»«® ¿ò·ò ðïñðé ¬ ñ³ íïñïî ðôèç
øÚ·½¬·»ª»÷ ¼·»²-¬¾»¬®»µµ·²¹á
¶¿
Þ»¦±´¼·¹·²¹ Þ»´±²·²¹ °´«- ¾»´¿-¬¾¿®» ±²µ±-¬»²ª»®¹±»¼·²¹»² Þ»´±²·²¹»² ¾»¬¿¿´¾¿¿® ±° ¬»®³·¶²
èçòïèð ð
Í«¾¬±¬¿¿´
èçòïèð
ײ¼·ª·¼«»»´ ¬±»°¿--»´·¶µ» ¾»¦±´¼·¹·²¹-³¿¨·³«³
çêòïîð
óñó Ѳª»®-½¸«´¼·¹¼ ¾»¬¿¿´¼ »² ²±¹ ²·»¬ ¬»®«¹±²¬ª¿²¹»² ¾»¼®¿¹
²òªò¬ò
Þ»¦±´¼·¹·²¹
èçòïèð
ÎÓÒ Ö¿¿®ª»®-´¿¹ îðîí
êè
ÉÒÌ ¬¿¾»´ îðîî ï¾ Ô»·¼·²¹¹»ª»²¼» ¬±°º«²½¬·±²¿®·--»² ¦±²¼»® ¼·»²-¬¾»¬®»µµ·²¹ øï» ïî ³¿¿²¼»²÷ò øÞ»¼®¿¹»² ¨
ï÷
ÖòÜò Ò·¶µ¿³° Ú«²½¬·»¹»¹»ª»²Õ¿´»²¼»®¶¿¿®
Í»½®»¬¿®·- ¼·®»½¬»«® ¿ò·ò îðîî
îðîï
л®·±¼» º«²½¬·»ª»®ª«´´·²¹ ·² ¸»¬ µ¿´»²¼»®¶¿¿® ø¿¿²ª¿²¹ »·²¼»÷
ðïñðï ¬ñ³ íðñðê
ðïñðé ¬ñ³ íïñïî
ß¿²¬¿´ µ¿´»²¼»®³¿¿²¼»² º«²½¬·»ª»®ª«´´·²¹ ·² ¸»¬ µ¿´»²¼»®¶¿¿®
ê
ê
ѳª¿²¹ ª¿² ¸»¬ ¼·»²-¬ª»®¾¿²¼ ·² «®»² °»® µ¿´»²¼»®¶¿¿®
éîì
éîì
îðê
ïçç
ïìçòïìì
ïïîòèíí
ײ¼·ª·¼«»»´ ¬±»°¿--»´·¶µ» ¾»¦±´¼·¹·²¹-³¿¨·³«³ Ó¿¨·³«³ ««®¬¿®·»º ·² ¸»¬ µ¿´»²¼»®¶¿¿® Ó¿¨·³¿ ±° ¾¿-·- ª¿² ¼» ²±®³¾»¼®¿¹»² °»® ³¿¿²¼ ײ¼·ª·¼«»»´ ¬±»°¿--»´·¶µ» ³¿¨·³«³ ¹»¸»´» °»®·±¼» µ¿´»²¼»®³¿¿²¼ ï ¬ñ³ ïî
îêïòçéé
Þ»¦±´¼·¹·²¹ ø¿´´» ¾»¼®¿¹»² »¨½´«-·»º ¾¬©÷ É»®µ»´·¶µ ««®¬¿®·»º ´¿¹»® ¼¿² ¸»¬ ³¿¨·³«³ ««®¬¿®·»ºá Þ»¦±´¼·¹·²¹ ·² ¼» ¾»¬®»ºº»²¼» °»®·±¼»
Ö¿ ²¿³»´·¶µ çìòïîð
Þ»¦±´¼·¹·²¹ ¹»¸»´» °»®·±¼» µ¿´»²¼»®³¿¿²¼ ï ¬ñ³ ïî
óñó Ѳª»®-½¸«´¼·¹¼ ¾»¬¿¿´¼ »² ²±¹ ²·»¬ ¬»®«¹±²¬ª¿²¹»² ¾»¼®¿¹ Þ»¦±´¼·¹·²¹ ø¿´´» ¾»¼®¿¹»² »¨½´«-·»º ¾¬©÷
Ø»¬ ¾»¼®¿¹ ª¿² ¼» ±ª»®-½¸®·¶¼·²¹ »² ¼» ®»¼»² ©¿¿®±³ ¼» ±ª»®-½¸®·¶¼·²¹ ¿´ ¼¿² ²·»¬ ·- ¬±»¹»-¬¿¿²
ïíð éíòéïð
ïêéòèíð
êèòíèð
ïïïòðçê ïêéòèíð
²òªò¬ò
Ѫ»®·¹» ®¿°°±®¬¿¹»ª»®°´·½¸¬·²¹»² ±° ¹®±²¼ ª¿² ¼» ÉÒÌ Ò¿¿-¬ ¼» ¸·»®¾±ª»² ª»®³»´¼» ¬±°º«²½¬·±²¿®·--»² ¦·¶² »® ¹»»² ±ª»®·¹» º«²½¬·±²¿®·--»² ¼·» ·² îðîí »»² ¾»¦±´¼·¹·²¹ ¾±ª»² ¸»¬ ¬±»°¿--»´·¶µ» ÉÒÌ󳿨·³«³ ¸»¾¾»² ±²¬ª¿²ó ¹»²ô ±º ©¿¿®ª±±® ·² »»®¼»®» ¶¿®»² »»² ª»®³»´¼·²¹ ±° ¹®±²¼ ³±»¬»² °´¿¿¬-ª·²¼»²ò
ÎÓÒ Ö¿¿®ª»®-´¿¹ îðîí
êç
É»´ ¦·¶² »® ¬±°º«²½¬·±²¿®·--»² ©¿¿®±° ¼» ¾»¦±´¼·¹·²¹ ª¿² ³·²¼»® ¼¿² ïòçð𠪿² ¬±»°¿--·²¹ ·-ò Ø·»®±²¼»® ª±´¹¬ »»² ±ª»®¦·½¸¬ ª¿² ¸«² ²¿³»² »² º«²½¬·»-ò ï¼ò ̱°º«²½¬·±²¿®·--»² ³»¬ »»² ¬±¬¿´» ¾»¦±´¼·¹·²¹ ª¿²
ïòçð𠱺 ³·²¼»®
Ò¿¿³ ̱°º«²½¬·±²¿®·ÉòÜò Ý¿¬-¾«®¹
Ô·¼ ßÞ ²¿³»²- ¼» ¹»³»»²¬» Æ»·-¬
Ðò Öò Þ»µµ»®
Ô·¼ ßÞ ²¿³»²- ¼» ¹»³»»²¬» ×Ö--»´-¬»·²
ßò Ì®»»°
Ô·¼ ßÞ ²¿³»²- ¼» ¹»³»»²¬» ͱ»-¬
Óò Û·¶¾¿¿®¼
Ô·¼ ßÞñÜÞ ²¿³»²- ¼» ¹»³»»²¬» Þ¿¿®²ô °´¿¿¬-ª»®ª¿²¹»²¼ ª±±®¦·¬¬»®
Öò ª¿² Û²¹»´»²
Ô·¼ ßÞñÜÞ ²¿³»²- ¼» ¹»³»»²¬» Ò·»«©»¹»·²ô ª±±®¦·¬¬»®
Øò ¼» Ù®±±¬
Ô·¼ ßÞñÜÞ ²¿³»²- ¼» ¹»³»»²¬» Þ«²²·µ
Þ·¶´¿¹» èòî Ì¿¿µª»´¼»²±ª»®¦·½¸¬ Ì¿¿µª»´¼»² ®»¿´·-¿¬·» îðîí øÞ»¼®¿¹»² ·²
ö ïòððð÷
Þ¿¿®²
Þ«²²·µ
×Ö--»´-¬»·²
Ò·»«©»¹»·²
ͱ»-¬
Æ»·-¬
̱¬¿¿´
ðò Þ»-¬««® »² ±²¼»®-¬»«²·²¹ ðòêì Þ»´¿-¬·²¹»² ±ª»®·¹» ó ¸±²¼»²ó ¾»´¿-¬·²¹
ó
ó
ìð
ó
ó
ó
ìð
îò Ê»®µ»»®ô ª»®ª±»® »² ©¿¬»®-¬¿¿¬ îòï Ê»®µ»»® »² ª»®ª±»®
éîê
ëìë
ïòðíç
ó
ïòïîé
ïòëêë
ëòððí
íò Û½±²±³·» íòí Þ»¼®·¶ª»²´±µ»¬ »² ¾»¼®·¶º-ó ®»¹»´·²¹»² ó ³¿®µ¬»²
îê
ó
ó
ó
ìï
ëì
ïîï
ó
îíî
ó
ó
ó
ó
îíî
éò ʱ´µ-¹»¦±²¼¸»·¼ »² ³·´·»« éòî η±´»®·²¹ éòí ߺª¿´ éòì Ó·´·»«¾»¸»»®
éï îòêéï ïê
íð ïòéèè ìî
ïîç íòççë îê
ó êòëîð ó
ïíè ìòèïè îê
ïèî êòèíë íí
ëëð îêòêîé ïìí
̱¬¿¿´
íòëïð
îòêíè
ëòîíð
êòëîð
êòïëð
èòêêç
íîòéïé
ëò Í°±®¬ô ½«´¬««® »² ®»½®»¿¬·» ëòé Ñ°»²¾¿¿® ¹®±»² »² ø±°»²´«½¸¬÷ ®»½®»¿¬·»
Ü·¬ ¬¿¿µª»´¼»² ±ª»®¦·½¸¬ -´«·¬ ¿¿² ³»¬ ¼» ±°¾®»²¹-¬»² ª¿² ¼» ¾¿-·-¬¿µ»² »² ¼» ¿¼¼·¬·±²»´» ¬¿µ»²ò
ÎÓÒ Ö¿¿®ª»®-´¿¹ îðîí
éð
Þ·¶´¿¹» èòí Ѫ»®¸»¿¼
¼¿¬ ¼» ¾¿¬»² »² ´¿-¬»² ª¿² ±ª»®¸»¿¼ ²·»¬ ³»»® ±²¼»® ¼» ¿º¦±²¼»®´·¶µ» °®±¹®¿³³¿ ©±®¼»² ±°¹»²±³»²ò Ѫ»®¸»¿¼ -¬«®·²¹ »² ±²¼»®-¬»«²·²¹ ª¿² ¸»¬ °®·³¿·®» °®±½»-ò ײ îðîí ¾»¼®±»¹ ¼» ±ª»®¸»¿¼ ïçû ª¿² ¼» ¬±¬¿´» ´¿-¬»²ò ײ ±²¼»®-¬¿¿²¼» ¬¿¾»´ ¦·¶² ¼» ¾®«¬± ±ª»®¸»¿¼ ¾»¼®¿¹»² ±°¹»²±³»² ¦±²¼»® ¬±»®»µ»²·²¹ ª¿² ±ª»®¸»¿¼ ¿¿² ¼» ¿¼¼·ó ¬·±²»´» ¬¿µ»² ©¿¿®¼±±® »»² ¹±»¼ ·²¦·½¸¬ ¹»¹»ª»² ©±®¼¬ ·² ¼» ¬±¬¿´» ±ª»®¸»¿¼ ´¿-¬»²ò
Ѫ»®¸»¿¼µ±-¬»² øÞ»¼®¿¹»² ·²
ö ïòððð÷
λ¿´·-¿¬·» îðîí
Þ»¹®±¬·²¹ îðîíòðí
λ¿´·-¿¬·» îðîî
íòéèð ïòìéð
íòêïé ïòëíè
íòîðì ïòëìì
ëòîëï
ëòïëì
ìòéëè
çèï
èçé
èèè
çèï
èçé
èèè
Þ«·¬»²¼·»²-¬ л®-±²»»´-´¿-¬»²
ïêì
ïëí
ççì
̱¬¿¿´ ±ª»®¸»¿¼
êòíçê
êòîðë
êòêíð
̱¬¿¿´ ´¿-¬»²
ííòëçí
íëòðçë
íîòïðî
Ѫ»®¸»¿¼ °»®½»²¬¿¹»
ïçôðû
ïéôéû
îðôéû
Ü·®»½¬·» »² ß´¹»³»»² ¾»¸»»® л®-±²»»´-´¿-¬»² ß¼³·²·-¬®¿¬·»´¿-¬»²
Ø«·-ª»-¬·²¹-´¿-¬»² Ø«·-ª»-¬·²¹-´¿-¬»²ö
öײ îðîí ·- »® »»² ¸»®®«¾®·½»®·²¹ ¹»©»»-¬ ª¿² »»² ¿¿²¬¿´ ¹®±±¬¾±»µ®»µ»²·²¹»²ò Ü·¬ ¸¿¼ ¹»»² »ºº»½¬ ±° ¼» ¬±¬¿´» ´¿¬»² ³¿¿® ©»´ ±° ¼» ·²¼»´·²¹ ¼·®»½¬» ´¿¬»² ±ª»®¸»¿¼ ´¿-¬»²ò Ü¿¿®±³ ´¿¬»² ¼» ¾»¹®±¬·²¹-½·¶º»®- îðîí »»² ²»¬ ·»¬¿²¼»®» ·²¼»´·²¹ ¦·»² ¼¿² ¾»¹®±±¬ »² -´«·¬»² ¼» ¹»²±»³¼» ±ª»®¸»¿¼½·¶º»®- îðîî ²·»¬ ¿¿² ³»¬ ¼» ¹»°«¾´·½»»®¼» ¶¿¿®®»ó µ»²·²¹ îðîîò
ÎÓÒ Ö¿¿®ª»®-´¿¹ îðîí
éï
çò ß½½±«²¬¿²¬-ª»®µ´¿®·²¹
ÎÓÒ Ö¿¿®ª»®-´¿¹ îðîí
éî
*658763,;,723(705.!;(5!+,!65(-/(52,3012,!(**6958(58! ! 8O\7!VSa!8ZUS[SS\!9S`abb_!cO\!>S[SS\`QVO^^SZWXYS!HSUSZW\U!HSW\WUW\U`PSR_WXT!DWRRS\!ESRS_ZO\R! aS!I]S`a!'VWS_\O7!HDE(! ! ! ($!;@LFG<LDIB!JP@L!?@!DI!C@N!1<<LMNOFF@I!JKB@IJH@I!E<<LL@F@IDIB!&%&'! ! +>B!??A344<!! MWX!VSPPS\!]^R_OQVa!USY_SUS\!RS!XOO__SYS\W\U!/-/0!cO\!HDE!aS!I]S`a!aS!Q]\a_]ZS_S\+! ! *7A0!88;/00587=28>/371!60=!-0=;044371!=8=!10=;8>@203/! MWX!UScS\!USS\!]]_RSSZ!]cS_!RS!USa_]bdVSWR!cO\!RS!W\!RS!AOO_`abYYS\!]^US\][S\!XOO__SYS\W\U! cO\!RS!US[SS\`QVO^^SZWXYS!_SUSZW\U+!LO\dSUS!VSa!PSZO\U!cO\!RS!OO\USZSUS\VSRS\!PS`QV_ScS\!W\! RS!^O_OU_OOT!&<S!PO`W`!c]]_!]\fS!]]_RSSZ]\aV]bRW\U![Sa!PSa_SYYW\U!a]a!RS!USa_]bdVSWR&!fWX\!dWX! \WSa!W\!`aOOa!USdSS`a!][!c]ZR]S\RS!S\!US`QVWYaS!Q]\a_]ZS*W\T]_[OaWS!aS!cS_Y_WXUS\!][!ROO_]^!]\`! Q]\a_]ZS]]_RSSZ!aS!Yb\\S\!PO`S_S\!PWX!RS!W\!RS!AOO_`abYYS\!]^US\][S\!XOO__SYS\W\U!OZ`!USVSSZ+! ! <S!XOO__SYS\W\U!PS`aOOa!bWa7! & USVO\aSS_RS!U_]\R`ZOUS\!c]]_!dOO_RS_W\U!S\!_S`bZaOOaPS^OZW\U! & VSa!]cS_fWQVa!cO\!POaS\!S\!ZO`aS\!]cS_!/-/0! & a]SZWQVaW\U!]^!]cS_fWQVa!cO\!POaS\!S\!ZO`aS\!/-/0! & POZO\`!^S_!0.!RSQS[PS_!/-/0! & a]SZWQVaW\U!]^!RS!POZO\`!^S_!0.!RSQS[PS_!/-/0! & HSQVa[OaWUVSWR`cS_YZO_W\U!]cS_!P]SYXOO_!/-/0! & PWXZOUS\!'W\QZb`WST!MEJ!cS_O\ad]]_RW\U(!! ! ,0A06A005! C4A! 14>03AD;;8>6! E0>! 14@00<34! 00>64<464>7434>! $! A427C=0C867483BE4A0>CF??A38>6!!
MWX!cS`aWUS\!RS!OO\ROQVa!]^!VSa!]\RS_RSSZ!_SQVa[OaWUVSWR`cS_O\ad]]_RW\U!W\!RS!a]SZWQVaW\U! ]^!RS!XOO__SYS\W\U!]^!VSa ]\RS_RSSZ l4+!HSQVa[OaWUVSWR`cS_YZO_W\U!]cS_!P]SYXOO_!/-/0+!?Sa! <OUSZWXY`!9S`abb_!VSSTa!W\!RSfS!_SQVa[OaWUVSWR`cS_O\ad]]_RW\U!a]SUSZWQVa!ROa!SS\!RSSZ!cO\! RS!cS_O\ad]]_RS!POaS\!S\!ZO`aS\!\WSa!_SQVa[OaWU!a]a!`aO\R!W`!USY][S\+!?Sa!a]aOOZ!OO\! USQ]\`aOaSS_RS!OTdWXYW\US\!'_SQVa[OaWUVSWR`T]baS\()!c]]_!SS\!PSR_OU!cO\!W\!a]aOOZ! p0+465+13/!ZWUa!P]cS\!RS!R]]_!RS!8ZUS[SS\!9S`abb_!cO`aUS`aSZRS!cS_O\ad]]_RW\U`U_S\`+!! ! F\`!]]_RSSZ!W`!\WSa!OO\US^O`a!OZ`!USc]ZU!cO\!RSfS!OO\USZSUS\VSWR+! ! '4!10B8B!E??A!?>G4!??A344<?>C7?D38>6!=4C!14CA4;;8>6!C?C!34!64CA?DF7483! MWX!fWX\!USRb_S\RS!RS!Q]\a_]ZS!cO\!RS!XOO__SYS\W\U!]cS_!VSa!P]SYXOO_!/-//!\WSa!W\!`aOOa!USPZSYS\! ][!c]ZR]S\RS!S\!US`QVWYaS!Q]\a_]ZS*W\T]_[OaWS!aS!cS_Y_WXUS\!]cS_!RS!c]ZUS\RS!XOO__SYS\W\U^]`aS\! 'S\!ROO_[SS!`O[S\VO\US\RS!^]`aS\!S\!^_]QS``S\(7! & [OaS_WsZS!cO`aS!OQaWcO! & c]]__OOR! & c]]_fWS\W\US\! ! 8Z`!USc]ZU!cO\!RS!VWS_c]]_!US\]S[RS!][`aO\RWUVSRS\!VSPPS\!dWX!\WSa!Yb\\S\!cO`a`aSZZS\!]T!S_! ScS\abSZS! Q]__SQaWS`! \]RWU! f]bRS\! fWX\! [Sa! PSa_SYYW\U! a]a! RS! P]cS\US\]S[RS! 'S\! ROO_OO\! US_SZOaSS_RS! ^_]QS``S\! S\(! XOO__SYS\W\U^]`aS\! S\! ROO_[SS! ]]Y! RS! OTU_S\fW\U! ab``S\! VSa! XOO_! /-//!S\!VSa!XOO_!/-/0+!! ! <]]_!HDE!fWX\!]cS_!VSa!P]SYXOO_!/-/0![OOa_SUSZS\!USa_]TTS\!][!]\`!W\!`aOOa!aS!`aSZZS\!c]ZR]S\RS!
S\!US`QVWYaS!Q]\a_]ZS*W\T]_[OaWS!aS!cS_Y_WXUS\!][a_S\a!RS!POZO\`!^S_!0.!RSQS[PS_!/-/0!'fWS!]]Y! ]\RS_`aOO\R(+!=QVaS_)!R]]_!VSa!STTSQa!cO\!RS!PScW\RW\US\!]cS_!VSa!P]SYXOO_!/-//!]^!RS!OTU_S\fW\U! 5FJKAI@>FJANAC#.# .2,-#;9#5FAIJBHHIK# <AE*3#).,#'+(#..#/--#02#22# NNN*>LIAG*GE#
#
'1)+0#&#'//1.'-(*# # # # 5LIAG#5L@DK#JJLI>G?A#5FAIJBHHIK#6*=*#l#DGBH4>LIAG*GE#l#7*M*7*#GI*#1--200+0# #
cO\!POaS\!S\!ZO`aS\!ab``S\!/-//!S\!/-/0)!UScS\!dWX!USS\!]]_RSSZ!]cS_!RS!USa_]bdVSWR!cO\!RS!W\! RS!AOO_`abYYS\!]^US\][S\!XOO__SYS\W\U!cO\!RS!US[SS\`QVO^^SZWXYS!_SUSZW\U+! ! *7<!88;/005!89!/0!-,5,7<!90;!'%!/0.06-0;!&$&'! EOO_!]\`!]]_RSSZ!USSTa!RS!POZO\`!^S_!0.!RSQS[PS_!/-/0!SS\!USa_]bd!PSSZR!cO\!RS!U_]]aaS!S\!RS! `O[S\`aSZZW\U!cO\!c!RS!OQaWcO!S\!^O``WcO!cO\!HDE!]^!0.!RSQS[PS_!/-/0!W\!]cS_SS\`aS[[W\U![Sa! VSa!9S`ZbWa!PSU_]aW\U!S\!cS_O\ad]]_RW\U!^_]cW\QWS`!S\!US[SS\aS\!'99L(+! ! *?0;310!-,<3<!?88;!87<!88;/005! MWX!VSPPS\!]\fS!Q]\a_]ZS!bWaUSc]S_R!c]ZUS\`!VSa!ESRS_ZO\R`!_SQVa)!dOO_]\RS_!]]Y!RS!ESRS_ZO\R`S! Q]\a_]ZS`aO\ROO_RS\)! VSa! 9S`ZbWa! OQQ]b\aO\a`Q]\a_]ZS! RSQS\a_OZS! ]cS_VSRS\! '9OR]()! VSa! Q]\a_]ZS^_]a]Q]Z! ROa! W`! cO`aUS`aSZR! R]]_! VSa! 8ZUS[SS\! 9S`abb_! S\! VSa! ;]\a_]ZS^_]a]Q]Z! MSa! \]_[S_W\U! a]^W\Y][S\`! 'MEJ(! /-/0! cOZZS\+! F\fS! cS_O\ad]]_RSZWXYVSRS\! ]^! U_]\R! VWS_cO\! fWX\! PS`QV_ScS\!W\!RS!`SQaWS!&F\fS!cS_O\ad]]_RSZWXYVSRS\!c]]_!RS!Q]\a_]ZS!cO\!RS!XOO__SYS\W\U&+! ! MWX!fWX\!]\OTVO\YSZWXY!cO\!HDE!f]OZ`!cS_SW`a!W\!RS!MSa!a]SfWQVa!OQQ]b\aO\a`]_UO\W`OaWS`!'MaO(1-!)! RS!LS_]_RS\W\U!W\fOYS! RS!]\OTVO\YSZWXYVSWR!cO\! OQQ]b\aO\a`!PWX! O``b_O\QS*]^R_OQVaS\!'LWF(!S\! O\RS_S! c]]_! RS! ]^R_OQVa! _SZScO\aS! ]\OTVO\YSZWXYVSWR`_SUSZ`! W\! ESRS_ZO\R+! LS_RS_! VSPPS\! dWX! c]ZROO\!OO\!RS!LS_]_RS\W\U!USR_OU`*!S\!PS_]S^`_SUSZ`!OQQ]b\aO\a`!'L>98(+! !
*0<4E8>6!0>C82D=D<0C8414@0<8>6!/*-!>84C!642?>CA?<44A3!! @\! ]cS_SS\`aS[[W\U! [Sa! RS! HSUSZW\U! ;]\a_]ZS^_]a]Q]Z! MEJ! /-/0! VSPPS\! dWX! RS! O\aWQb[bZOaWSPS^OZW\U)! PSR]SZR! W\! O_aWYSZ! .+3O! MEJ! S\! O_aWYSZ! 2)! ZWR! .)! `bP! \! S\! ]! KWac]S_W\U`_SUSZW\U!MEJ)!\WSa!USQ]\a_]ZSS_R+!<Wa!PSaSYS\a!ROa!dWX!\WSa!VSPPS\!USQ]\a_]ZSS_R!]T!S_! dSZ!]T!\WSa!`^_OYS!W`!cO\!SS\!\]_[]cS_`QV_WXRW\U!R]]_!SS\!ZSWRW\UUScS\RS!a]^Tb\QaW]\O_W`!cO\dSUS! ScS\abSZS! RWS\`aPSa_SYYW\US\! OZ`! ZSWRW\UUScS\RS! a]^Tb\QaW]\O_W`! PWX! O\RS_S! MEJ*^ZWQVaWUS! W\`aSZZW\US\)!OZ`[SRS!]T!RS!W\!RWa!YORS_!cS_SW`aS!a]SZWQVaW\U!XbW`a!S\!c]ZZSRWU!W`+! ! (>5?A=0C84!C4A!?>34ABC4D>8>6!E0>!?>B!??A344<! MWX!VSPPS\!]\fS!Q]\a_]ZSdS_YfOO[VSRS\!PS^OOZR!W\!VSa!YORS_!cO\!RS!Q]\a_]ZS!cO\!RS!XOO__SYS\W\U! OZ`!USVSSZ!S\!RS!TW\O\QWsZS!_SQVa[OaWUVSWR!cO\!RS!W\!RS!XOO__SYS\W\U!cS_O\ad]]_RS!POaS\!S\!ZO`aS\! OZ`[SRS!RS!POZO\`[baOaWS`!S\!PWX!VSa!c]_[S\!cO\!]\`!]]_RSSZ!VWS_]cS_+!F\RS_`aOO\RS!W\T]_[OaWS! aS_! ]\RS_`aSb\W\U! cO\!]\`! ]]_RSSZ! S\! ]\fS! PScW\RW\US\![]SaS\!W\! ROa! YORS_! d]_RS\!PSfWS\! S\! \WSa!OZ`!OTf]\RS_ZWXYS!]]_RSZS\!]T!Q]\QZb`WS`+! ! )0C4A80<8C48C! F^!PO`W`!cO\!]\fS!^_]TS``W]\SZS!]]_RSSZ`c]_[W\U!VSPPS\!dWX!RS![OaS_WOZWaSWa!c]]_!RS!XOO__SYS\W\U! OZ` USVSSZ PS^OOZR ]^ p 02-+612+!<S!PWX!]\fS!Q]\a_]ZS!a]SUS^O`aS!U]SRYSb_W\U`a]ZS_O\aWS!PSR_OOUa! c]]_!T]baS\!.$!S\!c]]_!]\fSYS_VSRS\!0$!'p
.+-2/+502!cO\!RS!a]aOZS!ZO`aS\!W\QZb`WST!a]Sc]SUW\US\! OO\!_S`S_cS`)!f]OZ`!c]]_US`QV_ScS\!W\!O_aWYSZ!/!ZWR!.!9OR]+! ! <OO_PWX!fWX\!c]]_!RS!Q]\a_]ZS!cO\!RS!W\!RS!XOO__SYS\W\U!]^US\][S\!MEJ*W\T]_[OaWS!RS! [OaS_WOZWaSWa`c]]_`QV_WTaS\! USVO\aSS_R! f]OZ`! cO`aUSZSUR! W\! VSa! ;]\a_]ZS^_]a]Q]Z! MEJ! /-/0+! MWX! V]bRS\!]]Y!_SYS\W\U![Sa!OTdWXYW\US\!S\,]T![]USZWXYS!OTdWXYW\US\!RWS!\OO_!]\fS![S\W\U!c]]_!RS! USP_bWYS_`!cO\!RS!XOO__SYS\W\U!][!YdOZWaOaWScS!_SRS\S\![OaS_WSSZ!fWX\)!f]OZ`!]]Y!PSR]SZR!W\!O_aWYSZ! 0!9OR]+! ! MWX!fWX\![Sa!VSa!8ZUS[SS\!9S`abb_!]cS_SS\USY][S\!ROa!dWX!OO\!VSa!8ZUS[SS\!9S`abb_!aWXRS\`! ]\fS Q]\a_]ZS USQ]\`aOaSS_RS OTdWXYW\US\ P]cS\ RS p .42+2--!_O^^]_aS_S\!OZ`[SRS!YZSW\S_S! OTdWXYW\US\!RWS!\OO_!]\fS![S\W\U!][!YdOZWaOaWScS*!]T!MEJ*_SRS\S\!_SZScO\a!fWX\+! ! ! ! ! !
'1)+0#&#'//1.'-(*# !
! GOUW\O!/!cO\!1!
)$! ;@LFG<LDIB!JP@L!?@!DI!C@N!E<<LP@LMG<B!JKB@IJH@I!<I?@L@!DIAJLH<ND@! ! EOO`a! RS! XOO__SYS\W\U! S\! ]\fS! Q]\a_]ZScS_YZO_W\U! ROO_PWX)! ][cOa! VSa! AOO_`abYYS\! O\RS_S! W\T]_[OaWS)!RWS!PS`aOOa!bWa7! & c]]_d]]_R!! & ^_]U_O[[OcS_O\ad]]_RW\U!! & ^O_OU_OTS\!! ! LO\dSUS! VSa! PSZO\U! cO\! RS! OO\USZSUS\VSRS\ PS`QV_ScS\ W\ RS ^O_OU_OOT m&<S PO`W` c]]_ ]\fS ]]_RSSZ]\aV]bRW\U [Sa PSa_SYYW\U a]a RS USa_]bdVSWRn fWX\ dWX \WSa W\ `aOOa USdSS`a ][ W\ ]cS_SS\`aS[[W\U![Sa!RS!99L!aS!]cS_dSUS\!]T!RS!O\RS_S!W\T]_[OaWS!OZ!RO\!\WSa7! & [Sa!RS!XOO__SYS\W\U!cS_S\WUPOO_!W`!S\!USS\![OaS_WsZS!OTdWXYW\US\!PScOa! & OZZS!W\T]_[OaWS!PScOa!RWS!]^!U_]\R!cO\!RS!99L!W`!cS_SW`a!c]]_!VSa!XOO_cS_`ZOU!S\!RS!]cS_WUS! USUScS\`! ! MWX! VSPPS\! RS! O\RS_S! W\T]_[OaWS! USZSfS\! S\! VSPPS\! ]^! PO`W`! cO\! ]\fS! YS\\W`! S\! ]\`! PSU_W^)! cS_Y_SUS\! cO\bWa! RS! XOO__SYS\W\UQ]\a_]ZS! ]T! O\RS_`fW\`)! ]cS_d]US\! ]T! RS! O\RS_S! W\T]_[OaWS! [OaS_WsZS!OTdWXYW\US\!PScOa+! ! ?Sa!<OUSZWXY`!9S`abb_!cO\!HDE!W`!cS_O\ad]]_RSZWXY!c]]_!VSa!]^`aSZZS\!cO\!RS!O\RS_S!W\T]_[OaWS)! dOO_]\RS_!VSa!XOO_cS_`ZOU!W\!]cS_SS\`aS[[W\U![Sa!VSa!99L+! ! *$!)@M>CLDEPDIB!P<I!P@L<INQJJL?@GDEFC@?@I!H@N!=@NL@FFDIB!NJN!?@!E<<LL@F@IDIB!! ! .4A0>CF??A34<89;7434>!E0>!74C!'064<89;B!4>!%<64=44>!&4BCDDA!E??A!34!900AA4;4>8>6!! ?Sa!<OUSZWXY`!9S`abb_!W`!cS_O\ad]]_RSZWXY!c]]_!VSa!]^[OYS\!S\!USa_]bd!dSS_UScS\!cO\!RS! XOO__SYS\W\U! W\! ]cS_SS\`aS[[W\U! [Sa! VSa!
99L! S\! ]cS_WUS! cO\! a]S^O``W\U! fWX\RS! _SUSZUScW\U! 'dOO_]\RS_!RS!MEJ(+!?Sa!<OUSZWXY`!9S`abb_!W`!]]Y!cS_O\ad]]_RSZWXY!c]]_!RS!TW\O\QWsZS!! _SQVa[OaWUVSWR! cO\! RS! W\! RS! XOO__SYS\W\U! cS_O\ad]]_RS! POaS\! S\! ZO`aS\! OZ`[SRS! RS! POZO\`[baOaWS`)! W\! ]cS_SS\`aS[[W\U! [Sa! RS! PSU_]aW\U! S\! [Sa! RS! W\! RS! _SZScO\aS! dSa*! S\! _SUSZUScW\U)! dOO_]\RS_! cS_]_RS\W\US\)! ]^US\][S\! PS^OZW\US\)! f]OZ`! ]^US\][S\! W\! RS! E]aO! HSQVa[OaWUVSWR)!cS_`WS!/-/1*.!S\!c]]_!VSa!USa_]bd!a]SZWQVaS\!cO\!RS!TW\O\QWsZS!_SQVa[OaWUVSWR!W\! RS!XOO__SYS\W\U+!!!! ! @\!RWa!YORS_!W`!VSa!<OUSZWXY`!9S`abb_!aScS\`!cS_O\ad]]_RSZWXY!c]]_!SS\!f]RO\WUS!W\aS_\S!PSVSS_`W\U! RWS!VSa!PS`abb_!\]]RfOYSZWXY!OQVa!][!VSa!]^[OYS\!cO\!RS!XOO__SYS\W\U! S\!RS!\OZScW\U!cO\!VSa! \]_[S\YORS_! c]]_! RS! TW\O\QWsZS! _SQVa[OaWUVSWR! []USZWXY! aS! [OYS\! f]\RS_! OTdWXYW\US\! cO\! [OaS_WSSZ!PSZO\U!OZ`!USc]ZU!cO\!T]baS\!]T!T_ObRS+! ! 9WX!VSa!]^[OYS\!cO\!RS!XOO__SYS\W\U![]Sa!VSa!<OUSZWXY`!9S`abb_!RS!cS_]\RS_`aSZZW\US\!W\fOYS!RS! TW\O\QWgZS _W`WQ]n` W\ _SZOaWS a]a RS TW\O\QWgZS ^]`WaWS ]\RS_P]bdS\ S\ OTdSUS\ ]T RS US[SS\`QVO^^SZWXYS _SUSZW\U W\ `aOOa W` RS TW\O\QWgZS _W`WQ]n` cO\bWa RS _SUbZWS_S Se^Z]WaOaWS S\ ! ]\cS_dOQVaS!aSUS\cOZZS_`!TW\O\QWSSZ!]^!aS!cO\US\!f]\RS_!ab``S\Y][`a!cO\!RS!PSZO\UVSPPS\RS\+! ?Sa! <OUSZWXY`! 9S`abb_! []Sa! USPSb_aS\W``S\! S\! ][`aO\RWUVSRS\! dOO_R]]_! US_SRS! adWXTSZ! f]b! Yb\\S\ PS`aOO\ ]T RS
TW\O\QWgZS _W`WQ]n` Yb\\S\ d]_RS\ ]^UScO\US\ a]SZWQVaS\ W\ RS XOO__SYS\W\U+! ! ?Sa!8ZUS[SS\!9S`abb_!W`!cS_O\ad]]_RSZWXY!c]]_!VSa!cO`a`aSZZS\!cO\!VSa!\]_[S\YORS_!! c]]_!RS!TW\O\QWsZS!_SQVa[OaWUVSWR!S\!VSa!bWa]STS\S\!cO\!a]SfWQVa!]^!VSa!^_]QS`!cO\!TW\O\QWsZS!! cS_`ZOUUScW\U!cO\!RS!US[SS\`QVO^^SZWXYS!_SUSZW\U+! ! +>G4!E4A0>CF??A34<89;7434>!E??A!34!2?>CA?<4!E0>!34!900AA4;4>8>6! F\fS!cS_O\ad]]_RSZWXYVSWR!W`!VSa!f]RO\WU!^ZO\\S\!S\!bWac]S_S\!cO\!SS\!Q]\a_]ZS]^R_OQVa!ROa!dWX! ROO_[SS! c]ZR]S\RS! S\! US`QVWYaS! Q]\a_]ZS*W\T]_[OaWS! cS_Y_WXUS\! c]]_! VSa! R]]_! ]\`! ]T! aS! UScS\! ]]_RSSZ+!! !
'1)+0#&#'//1.'-(*# !
! GOUW\O!0!cO\!1!
F\fS! Q]\a_]ZS! W`! bWaUSc]S_R! [Sa! SS\! _SRSZWXYS! [OaS! [OO_! USS\! OP`]ZbaS! [OaS! cO\! fSYS_VSWR! dOO_R]]_! VSa! []USZWXY! W`! ROa! dWX! aWXRS\`! ]\fS! Q]\a_]ZS! \WSa! OZZS! [OaS_WSZS! T]baS\! S\! T_ObRS! ]\aRSYYS\+! ! 8TdWXYW\US\!Yb\\S\!]\a`aOO\!OZ`!USc]ZU!cO\!T]baS\!]T!T_ObRS!S\!fWX\![OaS_WSSZ!W\RWS\!_SRSZWXYS_dWX`! YO\! d]_RS\! cS_dOQVa! ROa! RSfS)! OTf]\RS_ZWXY! ]T! USfO[S\ZWXY)! cO\! W\cZ]SR! Yb\\S\! fWX\! ]^! RS! SQ]\][W`QVS!PS`ZW``W\US\!RWS!USP_bWYS_`!]^!PO`W`!cO\!RSfS!XOO__SYS\W\U!\S[S\+!<S![OaS_WOZWaSWa! PSt\cZ]SRa!RS!OO_R)!aW[W\U!S\!][cO\U!cO\!]\fS!Q]\a_]ZSdS_YfOO[VSRS\!S\!RS!ScOZbOaWS!cO\!VSa! STTSQa!cO\!]\RS_YS\RS!OTdWXYW\US\!]^!]\`!]]_RSSZ+! ! MWX!VSPPS\!RSfS!OQQ]b\aO\a`Q]\a_]ZS!^_]TS``W]\SSZ!Y_WaW`QV!bWaUSc]S_R!S\!VSPPS\!dOO_!_SZScO\a! ^_]TS``W]\SZS! ]]_RSSZ`c]_[W\U! a]SUS^O`a! W\! ]cS_SS\`aS[[W\U! [Sa! RS! ESRS_ZO\R`S! Q]\a_]ZS`aO\ROO_RS\)! VSa! 9OR])! VSa! ;]\a_]ZS^_]a]Q]Z! MEJ! /-/0)! SaVW`QVS! c]]_`QV_WTaS\! S\! RS! ]\OTVO\YSZWXYVSWR`SW`S\+!! ! L]]_!SS\!\ORS_S!bWaSS\fSaaW\U!cO\!]\fS!cS_O\ad]]_RSZWXYVSRS\!S\!RS!ROO_[SS!`O[S\VO\US\RS! Q]\a_]ZSdS_YfOO[VSRS\! cS_dWXfS\! dWX! \OO_! RS! dSP`WaS! cO\! RS! B]\W\YZWXYS! ESRS_ZO\R`S! 9S_]S^`]_UO\W`OaWS!cO\!8QQ]b\aO\a`!'E98(7!!! Vaa^7,,ddd+\PO+\Z,ECNOZUS[SS\N-.!! ! MWX!Q][[b\WQS_S\![Sa!VSa!OZUS[SS\!9S`abb_!]\RS_!O\RS_S!]cS_!RS!US^ZO\RS!_SWYdWXRaS!S\!aW[W\U!
cO\!RS!Q]\a_]ZS!S\!]cS_!RS!`WU\WTWQO\aS!PScW\RW\US\!RWS!bWa!]\fS!Q]\a_]ZS!\OO_!c]_S\!fWX\!USY][S\)! dOO_]\RS_!ScS\abSZS!`WU\WTWQO\aS!aSY]_aY][W\US\!W\!RS!W\aS_\S!PSVSS_`W\U+! ! 8[S_`T]]_a)!.-!XbZW!/-/1! ! 8b_S\!8bRWa!%!8``b_O\QS!8[S_`T]]_a!9+L+! ! ! +,<!10=0407/!/88;(! ! ! 8+'8\R_WS`(!cO\!GWXYS_S\!H8! ! ! ! ! !
'1)+0#&#'//1.'-(*# !
! GOUW\O!1!cO\!1!
λ·²·¹·²¹-¾»¼®·¶º Ó·¼¼»²óÒ»¼»®´¿²¼ Þ»¦±»µ¿¼®»Ô¿²¹» Þ®·²µ©»¹ èï íéêì ßÞ Í±»-¬