"#$%&'( )*+,-%. //01102 

## 345 65789;<65= "4>8<3>?@5 387A3 

76>7B<35B 

387A355AC 85D983 >6B E<6>6"<>@ A3>35F563A 

E98 345 G5>8 56B5B H/ 9"39?58 IJII 




345 65789;<65= "4>8<3>?@5 387A3 

## "963563A 

||"#$%|
|---|---|
|8-K-%-)L- $)M $M+&)&N'%$'&O- M-'$&PN QK '#- L#$%&'(R &'N 3%*N'--N $)M $MO&N-%N|&|
|3%*N'--NC %-SQ%'|' ( &)|
|<)M-S-)M-)' -T$+&)-%CN %-SQ%'|&& ( &'|
|A'$'-+-)' QK K&)$)L&$P $L'&O&'&-N|&*|
|?$P$)L- N#--'|&+|
|6Q'-N 'Q '#- K&)$)L&$P N'$'-+-)'N|&, ( *)|





345 65789;<65= "4>8<3>?@5 387A3 

85E5856"5 >6B >BF<6<A38>3<U5 B53><@A 9E 345 "4>8<3GR <3A 387A355A >6B >BU<A58A E98 345 G5>8 56B5B H/ 9"39?58 IJII 

|3%*N'--N|- ./012#3 45672%%|
|---|---|
||8 40159219(;19%73 45672%%|
||< .=/203 45672%%|
||> ?652/73 45672%% @5%7/$9%A &B ;#96#5C ')''D|
||. E#55%93 45672%%|
|"#$%&'( %-V&N'-%-M<br>)*+,-%<br>&&FGGF+<br>D%&)L&S$P QKK&L-<br>H5169A IJ1153 K1520 E/9$ I1L67 *&3 M#5N O1#A<br>-%=%J -%=P72%#A >9A6725/#J Q72#2%<br>-%52R15A70/5%<br>-"' BSE<br><)M-S-)M-)' -T$+&)-%<br>.#C%57 S622%5T1520 UU"<br>*5A IJ115<br>&' H16$0 .V6#5%<br>U19A19<br>Q?+W *<E<br>?$)W-%N<br>.#92#9A%5 S#9N<br>+X(,+ M115$#2%<br>U19A19<br>Q?'O FQ;<br>AQP&L&'Q%N<br>Y<4 .1J/L/2157<br>&*& .1620 O1#A<br>-#CT#5A7 -%#20<br>O-&F +UZ<br>"#$%&'(CN X-,N&'-<br>$MM%-NN<br>TTT[9%651N/9%\[15$||



"#$% & 




## =T]TaP[! 

## HT_^ac!^U!cWT!cadbcTTb!U^a!cWT!_TaX^S!T]STS!-+[bc] !ERc^QTa!,*,,! 

JWT!cadbcTTb!_aTbT]c!cWTXa!P]]dP[!aT_^ac!P]S!UX]P]RXP[!bcPcT\T]cb!^U!cWT!RWPaXch!U^a!cWT!_TaX^S! T]STS!-+bc!ERc^QTa!,*,,(!! 

JWT!UX]P]RXP[!bcPcT\T]cb!WPeT!QTT]!_aT_PaTS!X]!PRR^aSP]RT!fXcW!cWT!8WPaXcXTb!IEHF!$<HI! +*,%!o!6RR^d]c!P]S!HT_^acX]V!Qh!8WPaXcXTb4!IcPcT\T]c!^U!HTR^\\T]STS!FaPRcXRT!P__[XRPQ[T! c^! RWPaXcXTb! _aT_PaX]V! cWTXa! PRR^d]cb! X]! PRR^aSP]RT! fXcW! cWT! <X]P]RXP[! HT_^acX]V! IcP]SPaS! P__[XRPQ[T!X]!cWT!KA!P]S!HT_dQ[XR!^U!?aT[P]S!$<HI!+*,%!$TUUTRcXeT!+!@P]dPah!,*+3%&!cWT!<X]P]RXP[! HT_^acX]V!IcP]SPaS!P__[XRPQ[T!X]!cWT!KA!P]S!HT_dQ[XR!^U!?aT[P]S!$<HI!+*,%!P]S!cWT!8WPaXcXTb! 6Rc!,*++(!! 

## EQYTRcXeTb!P]S!PRcXeXcXTb!U^a!cWT!_dQ[XR!QT]TUXc! 

## Fda_^bT!^U!cWT!RWPaXch! 

JWT!_da_^bTb!^U!cWT!Jadbc!PaT4! 

- " JWT!_aTbTaePcX^]!^U!WTP[cW!P]S!cWT!aT[XTU!^U!bXRZ]Tbb!cWa^dVW!cWT!caTPc\T]c&!RPaT!P]S! aTWPQX[XcPcX^]!^U!_Tab^]b!bdUUTaX]V!Ua^\!X[[]Tbb!^a!SXbPQX[Xch!^U!P]h!STbRaX_cX^]!fXcW!P! _PacXRd[Pa!U^Rdb!^]!]Tda^[^VXRP[!X\_PXa\T]c5! 

- " JWT!PSeP]RT\T]c!^U!TSdRPcX^]!P]S!caPX]X]V!Qh!_a^eXSX]V!Ud]SX]V!c^!X]SXeXSdP[b!P]S!]^c' U^a'_a^UXc!^aVP]XbPcX^]b!c^!X\_a^eT!cWT!_a^eXbX^]!^U!RPaT!U^a!cW^bT!fXcW!P!]Tda^[^VXRP[! X\_PXa\T]c5!P]S&! 

- " JWT! PSeP]RT\T]c! ^U! TSdRPcX^]! cWa^dVW! cWT! bd__^ac! ^U! bRXT]cXUXR&! \TSXRP[! P]S! cTRW]^[^VXRP[!aTbTPaRW!X]c^!]Tda^[^VXRP[!R^]SXcX^]b!P]S!cWT!_dQ[XRPcX^]!^U!cWT!dbTUd[! aTbd[cb!^U!bdRW!aTbTPaRW(! 

JWT! Jadbc! P[b^! _[P]b! c^! UdacWTa! Xcb! RWPaXcPQ[T! _da_^bTb! U^a! cWT! _dQ[XR! QT]TUXc! cWa^dVW! Xcb! STeT[^_X]V!VaP]c'\PZX]V!_^[XRh!fWXRW!PX\b!Pc!cWT!aT[XTU!^U!UX]P]RXP[!WPaSbWX_!P\^]Vbc!_T^_[T! fW^!bdUUTa!SXbPQX[Xch!aT[PcTS!c^!]Tda^[^VXRP[!X\_PXa\T]c!X]!_PacXRd[Pa!cWa^dVW!cWT!_a^eXbX^]!^U! VaP]cb!c^!X]SXeXSdP[b!P]S!]^c'U^a'_a^UXc!^aVP]XbPcX^]b(! 

## 7T]TUXRXPaXTb! 

7T]TUXRXPaXTb!^U!cWT!cadbc!PaT!P]h!_Tab^]b![XeX]V!fXcW!]Tda^[^VXRP[!X\_PXa\T]c!X]!cWT!KA!P]S! ;da^_T!fW^!PaT!bTTZX]V! X\_a^eT\T]c!X]!WTP[cW!P]S!fT[[QTX]V! cWa^dVW!PRRTbb!c^! cWT!\^bc! PSeP]RTS!]Tda^[^VXRP[!aTWPQX[XcPcX^](!9dT!c^!cWT!fXST[h!ePaXTS!]PcdaT!^U!cWT!RPdbTb!^U!_PaP[hbXb&! Xc! Xb! SXUUXRd[c! c^! VTc! P]! PRRdaPcT! ]d\QTa! ^U! X]SXeXSdP[b! fW^! R^d[S! QT]TUXc! Ua^\! ^]V^X]V! ]Tda^[^VXRP[! aTWPQX[XcPcX^]&! Qdc! X]! PVVaTVPcT! cWT! TbcX\PcTS! c^cP[b! ^U! TPRW! _^_d[PcX^]! PaT! R^]bXSTaPQ[T(!LXcWX]!cWT!K]XcTS!AX]VS^\&!TeTah!hTPa!P__a^gX\PcT[h!,&/**!_T^_[T!bdbcPX]!P! b_X]P[! R^aS! X]Ydah&! fXcW! cWT! c^cP[! ]d\QTa! ^U! _T^_[T! X]! cWT! KA! [XeX]V! fXcW! b_X]P[! X]YdaXTb! Xb! P__a^gX\PcT[h!/*&***!$7PRZ!K_!Jadbc&!,*,*%5!X]!,*+0)+1!cWTaT!fTaT!-.2&/.-!PS\XbbX^]b!c^! W^b_XcP[!fXcW!PR`dXaTS!QaPX]!X]Ydah!$>TPSfPh%5!cWTaT!PaT!-**!]Tf!RPbTb!_Ta!hTPa!^U!caP]beTabT! \hT[XcXb!$JaP]beTabT!ChT[XcXb!I^RXTch%5!cWTaT!PaT!P__a^gX\PcT[h!+&2**!RWX[SaT]!PaT!SXPV]^bTS! fXcW! RTaTQaP[! _P[bh! _Ta! hTPa! $EUUXRT! U^a! DPcX^]P[! IcPcXbcXRb%5! P]S! a^dVW[h! /&***! _T^_[T! PaT! SXPV]^bTS!fXcW!Cd[cX_[T!IR[Ta^bXb!TeTah!hTPa!$Cd[cX_[T!IR[Ta^bXb!Jadbc%(! 

! 




JWT! Jadbc#b! \XbbX^]! Xb! c^! \PZT! WXVW! `dP[Xch! aTWPQX[XcPcX^]! P]S! fT[[QTX]V! _a^VaP\\Tb! \^aT! PRRTbbXQ[T! P]S! X]R[dbXeT! U^a! cW^bT! [XeX]V! fXcW! ePaX^db! U^a\b! ^U! _PaP[hbXb(! LT! _PbbX^]PcT[h! QT[XTeT!cWPc!ST[XeTaX]V!b_TRXP[XbTS!]Tda^[^VXRP[!aTWPQX[XcPcX^]!X]!P!_^bXcXeT&!bPUT!P]S!bd__^acXeT! T]eXa^]\T]c!RP]!WPeT!P!_a^U^d]S!X\_PRc!^]!cWT!`dP[Xch!^U![XUT!^U!b^\T^]T![XeX]V!fXcW!_PaP[hbXb(! 

## CPX]!6RcXeXcXTb! 

## Fa^eXbX^]!P]S!Id__^ac!^U!DTda^aTWPQX[XcPcX^]!Fa^VaP\\Tb! 

LT!PRWXTeT!^da!bcaPcTVXR!_aX^aXcXTb!UXabc!P]S!U^aT\^bc!Qh!cWT!_a^eXbX^]!^U!_X^]TTaX]V!]Tda^[^VXRP[! aTWPQX[XcPcX^]! P]S! fT[[]Tbb! _a^VaP\\Tb! c^! cWT! _PaP[hbXb! R^\\d]Xch! cWa^dVW! ^da! Va^fX]V! ]Tcf^aZ!^U!aTWPQX[XcPcX^]!RT]caTb(!FaTbT]c[h!fT!^_TaPcT!cWaTT!]Tda^'Vh\b![^RPcTS!cWa^dVW^dc! ;]V[P]S!o!X]!>T\T[!>T\_bcTPS!$CXS[P]Sb%&!=PcfXRZ!$I^dcW!;Pbc%!P]S!7aXbc^[!$I^dcW!LTbc%(! 

JWT!_a^VaP\\Tb!^UUTaTS!Pc!cWTbT!bXcTb!_a^eXST!cWT!\^bc!RdaaT]c&!aTbTPaRW'QPbTS!cWTaP_XTb! PePX[PQ[T!P]hfWTaT!X]!cWT!f^a[S&!P]S!PaT!STbXV]TS!c^!\PgX\XbT!cWT!Ud]RcX^]P[!aTR^eTah!^U!P]! X]SXeXSdP[!fWX[bc!aTSdRX]V!cWT!_a^QPQX[Xch!^U![XUT'cWaTPcT]X]V!bTR^]SPah!R^\_[XRPcX^]b!cWPc!PaT! Pbb^RXPcTS!fXcW!]Tda^[^VXRP[!X]Ydah(! 

JWa^dVW!PRRTbb!c^!^da!_a^VaP\\Tb!X]SXeXSdP[b!fXcW!]Tda^[^VXRP[!X\_PXa\T]cb!RP]!aTP[XbT!QTccTa! aTR^eTah!^dcR^\Tb&!X\_a^eTS!`dP[Xch!^U![XUT!P]S!VaTPcTa!X]R[dbX^]!X]!b^RXTch(! 

Eda!T`dX_\T]c!bT[TRcX^]!P]S!_a^VaP\\T!STbXV]!Xb!QPbTS!d_^]!b^d]S!TeXST]RT!P]S!aXV^a^db! aTbTPaRW(!LT!PaT!PQ[T!c^!^UUTa!d]X`dT!_a^c^R^[b!cWa^dVW!^da!Pbb^RXPcX^]!Pb!cWT!UXabc!P]S!^][h! X]cTa]PcX^]P[! PUUX[XPcT! ^U! cWT! _aTbcXVX^db! 8WaXbc^_WTa! P]S! 9P]P! HTTeT! <^d]SPcX^]b! DTda^HTR^eTahk!DTcf^aZ(!JWT!DTda^HTR^eTahk!DTcf^aZ!WPb!cWXacTT]!\T\QTab!\PST!d_!^U! Q^cW! 8[X]XRP[! 8T]caTb! $X(T(! X]_PcXT]c! aTWPQX[XcPcX^]! W^b_XcP[b%! P]S! 8^\\d]Xch! <Xc]Tbb! P]S! LT[[]Tbb!>dQb(! ?]! PSSXcX^]!c^!cWT! [PcTbc!]Tda^aTWPQ! bcaPcTVXTb!P]S!_a^c^R^[b&!cWT!PUUX[XPcX^]! PUU^aSb!db!PRRTbb!c^!P]!TgcT]bXeT!bWPaTS!Z]^f[TSVT'QPbTS!PRa^bb!cWT!]Tcf^aZ(! 

7T]TUXccX]V! cWT! fXSTa! \TSXRP[! [P]SbRP_T! ^U! cWT! KA&! cWa^dVW! PRRTbb! c^! ^da! _a^VaP\\Tb! X]SXeXSdP[b!fXcW!]Tda^[^VXRP[!X\_PXa\T]cb!PaT![Tbb![XZT[h!c^!QT!PS\XccTS!c^!b_TRXP[Xbc!W^b_XcP[b! U^a!bTR^]SPah!R^\_[XRPcX^]b!P]S!^cWTa!R^'\^aQXSXcXTb!aT[PcTS!c^!]^]'dbT!^U!]TaeTb&!\dbR[Tb! P]S!Q^]Tb(!?]!PSSXcX^]!c^!cWXb!^da!_a^VaP\\Tb!P[b^!aTbd[c!X]!P!aTSdRcX^]!^U!ST_T]ST]Rh!^]! b_PbcXRXch&!_PX]!P]S!P]cX'ST_aTbbX^]!SadVb(!JWXb&!X]!cda]&!aTSdRTb!cWT!QdaST]!^U!RPaT!^]!UP\X[XTb! P]S!RPaTab!^U!^da!QT]TUXRXPaXTb(! 

JWT!DTda^ZX]Tg!RT]caTb! PaT!R^]bXSTaTS!c^! QT!cWT!KAb!_aT\XTa!PRcXeXch'QPbTS! aTWPQX[XcPcX^]! _a^eXSTa!U^a!b_X]P[!R^aS!X]Ydah(!LT!PaT!fT[[!Z]^f]!c^!cWT!D>I!b_X]P[!X]YdaXTb!RT]caTb!cWa^dVW! ^da!aTUTaaP[!bRWT\T!Pb!fT[[!Pb!ZTh!b_X]P[!R^aS!X]Ydah!^aVP]XbPcX^]b!X]!cWT!KA!bdRW!Pb!cWT!I_X]P[! HTbTPaRW&!I_X]P[!?]YdaXTb!6bb^RXPcX^]&!6b_XaT!P]S!cWT!7PRZK_!Jadbc(! 

## ?]]^ePcX^]!"!;SdRPcX^]! 

JWT!bTR^]S!^QYTRcXeT!^U!cWT!Jadbc!Xb!c^!X\_a^eT!PRRTbb!c^!X]]^ePcX^]!P]S!TSdRPcX^]!X]!cWT!]^c' U^a'_a^UXc! 8^\\d]Xch! DTda^aTWPQX[XcPcX^]! bTRc^a(! LT! S^! cWXb! Qh! cWT! _a^eXbX^]! ^U! b_TRXP[XiTS! ]Tda^aTWPQX[XcPcXeT!T`dX_\T]c!^a!TeXST]RT'QPbTS!]Tda^aTWPQX[XcPcX^]!caPX]X]V!R^dabTb!cWa^dVW! ^da!_Pac]Tab!Pc!cWT!8WaXbc^_WTa!"!9P]P!HTTeT!<^d]SPcX^]b!DTda^HTR^eTahk!DTcf^aZ(! 

" 




## DTda^aTWPQX[XcPcX^]!"!DTda^aTbc^aPcXeT!HTbTPaRW! 

Eda!Te^[dcX^]!Pb!P]!^aVP]XbPcX^]!S^eTcPX[b!fXcW!STeT[^_\T]cb!X]!cWT!UXT[Sb!^U!]Tda^aTWPQX[XcPcX^]! P]S!]Tda^bRXT]RT(!6b!fT[[!Pb!cWT!8WaXbc^_WTa!P]S!9P]P!HTTeT!<^d]SPcX^]&!fT!f^aZ!R[^bT[h! fXcW! I_X]P[! HTbTPaRW! P]S! P! WP]SUd[! ^U! PRPST\XR! X]bcXcdcX^]b(! JWT! Jadbc! R^]caXQdcTb! c^! P]S! UPRX[XcPcTb!]Tda^'aTbc^aPcXeT!aTbTPaRW!_X[^cb!P]S!R[X]XRP[!caXP[b!^U!]Tda^bRXT]RT!P]S!aTWPQX[XcPcX^]! cTRW]^[^VXTb!X]!cWT!a^[T!^U!P!Ud]SX]V!Q^Sh&!b_^]b^a!^a!R^'b_^]b^a(!!! 

JWT!FPcWUX]STa!,(*!bcdSh&!p+@?$9?F1C9F5!CA9?1=!3@B4!CD9>E=1D9@?!3@>29?54!G9D8!13D9F9DI$21C54! B58129=9D1D9@?!9?!38B@?93!CA9?1=!3@B4!9?;EBIq&!WPb!QTT]!R^\_[TcTS(!JWT!UXabc!\P]dbRaX_c!STcPX[X]V! cWT!aTR^eTah!^U!cad]Z!Ud]RcX^]!X]!/!_PaP_[TVXR!bdQYTRcb!WPb!QTT]!bdQ\XccTS!U^a!_TTa!aTeXTf&!fXcW! SPcP!U^a!d__Ta![X\Q!Ud]RcX^]!X]!0!cTcaP_[TVXRb!QTX]V!RdaaT]c[h!P]P[hbTS!U^a!cWT!]Tgc!bdQ\XbbX^](! LT!cWP]Z!I_X]P[!HTbTPaRW!U^a!cWT!Ud]SX]V!P]S!cWT!+,!bcdSh!_PacXRX_P]cb!fW^!STSXRPcTS!cWTXa! cX\T!P]S!Q^SXTb!c^!cWT!_a^YTRc(! 

## =aP]cb! 

LT!PaT!_[TPbTS!c^!aT_^ac!cWPc!fT!WPeT!R^]cX]dTS!fXcW!^da!V^P[!^U!\PZX]V!VaP]cb!c^!X]SXeXSdP[! RWX[SaT]!Pb!fT[[!Pb!Tg_P]SX]V!^da!VaP]cb!c^!X]SXeXSdP[!PSd[c!QT]TUXRXPaXTb&!P!bXV]XUXRP]c!bcT_! c^fPaSb!^da!^QYTRcXeT!c^!P[[TeXPcT!UX]P]RXP[!WPaSbWX_!P\^]Vbc!_T^_[T!fW^!bdUUTa!SXbPQX[Xch!X]! aT[PcX^]!c^!]Tda^[^VXRP[!X\_PXa\T]c!Qh!_a^eXSX]V!VaP]cb!c^!bdQbXSXbT!^a!T[X\X]PcT!cWT!R^bcb!^U! ^]V^X]V!aTWPQX[XcPcX^]!\PZX]V!cWT!_a^VaP\\Tb!TeT]!\^aT!PRRTbbXQ[T!c^!P]!TeT]!fXSTa!_^acX^]! ^U!cWXb!_^_d[PcX^](!! 

## >^f!^da!PRcXeXcXTb!ST[XeTa!_dQ[XR!QT]TUXc! 

JWT!cadbcTTb!R^]UXa\!cWPc!fT!WPeT!aTUTaaTS!c^!cWT!_dQ[XR!QT]TUXc!VdXSP]RT!_dQ[XbWTS!Qh!cWT! 8WPaXch! 8^\\XbbX^]! fWT]! aTeXTfX]V! cWT! RWPaXch#b! PX\b! P]S! ^QYTRcXeTb! X]! _[P]]X]V! UdcdaT! PRcXeXcXTb!P]S!bTccX]V!_^[XRh!U^a!cWT!hTPa&!X]!PRR^aSP]RT!fXcW!bTRcX^]!+1!^U!cWT!8WPaXcXTb!6Rc!,*++(! 

6[[! ^da! bTaeXRTb! PaT! RT]cTaTS! ^]! T]PQ[X]V! P[[! _T^_[T! [XeX]V! fXcW! ]Tda^[^VXRP[! X\_PXa\T]c! c^! X\_a^eT!cWTXa!WTP[cW!P]S!fT[[QTX]V!cW^dVW!^da!U^Rdb!^]!b_TRXP[XbTS!aTWPQX[XcPcX^]&!PRRTbb!c^! aTWPQX[XcPcX^]! cWa^dVW^dc! cWT! KA&! aT[XTU! ^U! UX]P]RXP[! WPaSbWX_&! P]S! bd__^ac! ^U! aTbTPaRW! P]S! TSdRPcX^]!X]c^!X\_a^eTS!caTPc\T]cb!P]S!P!RdaT!U^a!]Tda^[^VXRP[!X\_PXa\T]c(! 

## 6RWXTeT\T]cb!P]S!FTaU^a\P]RT! 

9Tb_XcT! cWT! RWP[[T]VTb! _aTbT]cTS! Qh! cWT! R^bc'^U'[XeX]V! RaXbXb&! cWT! Jadbc! R^]cX]dTS! c^! ST\^]bcaPcT!Xcb!aTbX[XT]RT(!!JWT!\PX]!PRWXTeT\T]c!U^a!cWT!bXgcW!hTPa!^U!cWT!Jadbc!fPb!c^!bTRdaT! QdabPah! Ud]SX]V! U^a! Q^cW! PSd[cb! P]S! UP\X[XTb! ^U! RWX[SaT]! fW^! fTaT! bcadVV[X]V! fXcW! UX]P]RXP[! SXUUXRd[cXTb(!JWT!Jadbc!fPb!P[b^!PQ[T!c^!Ud]SaPXbT!P!bXV]XUXRP]c!P\^d]c!^U!Ud]SX]V!c^!R^]cX]dT!cWT! IcT_'K_!_a^VaP\\T&!eXP!^da!IcT_!?c!K_!6__TP[&!fWXRW!T]bdaTb!cWPc!]Tf[h!X]YdaTS!X]SXeXSdP[b! R^]cX]dT!c^!WPeT!PRRTbb!c^!^da!aTWPQX[XcPcX^]!_a^VaP\\Tb(!!! 

8^]cX]dTS!Ud]SX]V!fPb!P[b^!bTRdaTS!U^a!cWT! FPTSXPcaXR!7dabPah&!c^! WT[_!RWX[SaT]![XeX]V!fXcW! _PaP[hbXb!P]S!cWTXa!UP\X[XTb!c^!PRRTbb!cWTaP_h!cWa^dVW!cWT!DTda^ZX]Tg!AXSb!_a^VaP\\T&!SdT!c^! cWT! QT]TUXc! ST\^]bcaPcTS! Qh! cWT! aTRX_XT]cb! ^U! cWTbT! Q[^RZb! ^U! _WhbX^cWTaP_h! bTbbX^]b! X]! _aTeX^db!hTPab(!!JWP]Zb!c^!cWT!bd__^ac!^U!IRX]TaVXbT!$HTV!8WPaXch!++2*.+*%&!fT!fTaT!PQ[T!c^! \PZT!6RcXeXch'7PbTS!HTWPQX[XcPcX^]!_a^VaP\\T!PfPaSb!c^!+.!RWX[SaT]![XeX]V!fXcW!_PaP[hbXb(!!! 

# 




JWT!Jadbc!P[b^!aTRTXeTS!VaP]cb!Ua^\!cWT!I_^ac!;]V[P]S!GdTT]sb!@dQX[TT!<d]S&!cWT!DPcX^]P[! B^ccTah! 8^\\d]Xch! <d]S&! cWT! >TS[Th! <^d]SPcX^]&! 9PR^ad\! 7^a^dVW! 8^d]RX[&! JWT! 8^'E_! 8^\\d]Xch! <d]S&! 9XbPQX[Xch! HXVWcb! KA&! cWT! 8XPE! <^d]SPcX^]&! P]S! cWT! IdbbTg! 8^\\d]Xch! <^d]SPcX^]! c^! bd__^ac! Q^cW! T`dX_\T]c! P]S! ^da! QdabPah! bRWT\Tb! U^a! PSd[cb! fXcW! b_TRXUXR! ]Tda^[^VXRP[!R^]SXcX^]b(! 

## I^RXTch!7T]TUXc!o!7T]TUXRXPah!bc^aXTb! 

6QQh&!/&!fPb![TUc!fXcW!P!b_X]P[!R^aS!X]Ydah!$I8?%!PUcTa!P!caPVXR!RPa!PRRXST]c!cWPc!\TP]c!bWT![^bc! cWT! dbT! ^U! WTa! [TVb&! Q[PSSTa! P]S! Q^fT[! Ud]RcX^](! JWP]Zb! c^! 6QQhsb! _^bXcXeT! P]S! cT]PRX^db! PccXcdST&!bWT!WPb!STUXTS!cWT!^SSb!P]S!Xb!aTVPX]X]V!\^QX[Xch&!X]ST_T]ST]RT!P]S!cWT!dbT!^U!WTa! [^fTa!Q^Sh!^]RT!\^aT(!!! 

IX]RT!bWT!bcPacTS!Pc!DTda^ZX]Tg!AXSb!$=PcfXRZ%&!bWT!WPb!STeT[^_TS!bcaT]VcW!X]!WTa!R^aT!fWXRW! \TP]b!bWT!Xb!PQ[T!c^!bXc!d_!bcaPXVWc!P]S!X]ST_T]ST]c[h!^]RT!PVPX](!LWT]!]^c!Pc!cWT!RT]caT&! 6QQhsb! _PaT]cb! T]bdaT! bWT! Xb! _aPRcXRX]V! WTa! fP[ZX]V! TgTaRXbTb! c^! T]bdaT! WTa! _a^VaTbb! R^]cX]dTb(! 9dT! c^! WTa! R^]cX]dTS! STSXRPcX^]! c^! cWT! aTWPQX[XcPcX^]&! 6QQh! fPb! `dXRZ[h! PQ[T! c^! _TaU^a\!cWTbT!TgTaRXbTb!fXcW^dc!cWT!bd__^ac!^U!WTa![TV!QaPRTb(!JWXb!bXV]XUXRP]c!X\_a^eT\T]c! P[b^!\TP]c!bWT!VaTf!WTa!X]ST_T]ST]RT!fWX[T!Pc!W^\T!P]S!Xb!]^f!PQ[T!c^!R[X\Q!cWT!bcPXab!dbX]V! WTa!R^aT!bcaT]VcW!P]S!\^eT!Pa^d]S!cWT!W^dbT!fXcW^dc!cWT!]TTS!U^a!WTa!fWTT[RWPXa(! 

6QQhsb!Tg_TaXT]RT!Pc!DTda^ZX]Tg!WPb!]^c!Ydbc!P[[^fTS!WTa!c^!X\_a^eT!WTa!_WhbXRP[!WTP[cW!Qdc!Xc! WPb!\PST!P!WdVT!SXUUTaT]RT!c^!cWT!fW^[T!UP\X[h!fW^!PaT!cW^a^dVW[h!T]Y^hX]V!fPcRWX]V!6QQh! _a^VaTbb!P]S!bcTPSX[h!aTVPX]!\^aT!P]S!\^aT!X]ST_T]ST]RT( 

IWPa^]&!0+&![XeTb!fXcW!Cd[cX_[T!IR[Ta^bXb!$CI%&!P![XUT'[^]V!R^]SXcX^]!cWPc!PUUTRcb!Q^cW!cWT!QaPX]! P]S! b_X]P[! R^aS(! 6! fWTT[RWPXa! dbTa&! bWT! ZTT_b! WTabT[U! Pb! _WhbXRP[[h! PRcXeT! P]S! bca^]V! Pb! _^bbXQ[T!Qh!T]VPVX]V!X]!b_TRXP[Xbc!PRcXeXch'QPbTS!cWTaP_h!Pc!DTda^ZX]Tg!X]!>T\T[!>T\_bcTPS(! JWXb!WPb!WT[_TS!IWPa^]!T]^a\^db[h&!Qdc!cWT!QXVVTbc!Q^]db!bWT!WPb!Tg_TaXT]RTS!Xb!cWT!Q^^bc! c^!WTa!\T]cP[!WTP[cW(! 

IWPa^]!SXbR^eTaTS!DTda^ZX]Tg!X]!,*+/!P]S!UX]Sb!cWT!b_TRXP[Xbc!cWTaP_h!WT[_b!WTa!\P]PVT!WTa! CI! bh\_c^\b&! X]R[dSX]V! X\_a^eX]V! WTa! R^aT! bcaT]VcW! P]S! T]PQ[X]V! WTa! c^! bcP]S! U^a! [^]VTa! _TaX^Sb!fWX[T!Pc!W^\T!fWTaT!bWT!Xb!bd__^acTS!Qh!WTa!WdbQP]S!@TaT\h!P]S!P!_a^UTbbX^]P[!RPaTa(! 6b!CI!Xb!P!STVT]TaPcXeT!R^]SXcX^]&!IWPa^]sb!DTda^ZX]Tg!bTbbX^]b!f^]sc!_aTeT]c!^a!RdaT!WTa! SXbTPbT(!>^fTeTa&!cWT!_WhbXRP[!P]S!\T]cP[!WTP[cW!QT]TUXcb!bWT!WPb!VPX]TS!PaT!eTah!eP[dPQ[T!c^! IWPa^](!?]!WTa!DTda^ZX]Tg!bTbbX^]b&!IWPa^]!cPZTb!_Pac!X]!PbbXbcTS!TgTaRXbTb!cWPc!P[[^f!WTa!c^! VTc!^dc!^U!WTa!fWTT[RWPXa!P]S!PRcXeT[h!TgTaRXbT!WTa!fW^[T!Q^Sh(!!JWXb!R^]ca^[!Xb!eXcP[!U^a!ZTT_X]V! IWPa^]!bPUT!fWT]!WTa!RPaTa!^a!WdbQP]S!PaT!WT[_X]V!WTa!fXcW!TeTahSPh!cPbZb!bdRW!Pb!VTccX]V! SaTbbTS(!!?c!P[b^!\TP]b!cWPc!bWT!RP]!_[Ph!P]!PRcXeT!a^[T!X]!cPbZb!'!f^aZX]V!Pb!P!cTP\!fXcW!WTa! RPaTVXeTab&!fWXRW!Xb!QT]TUXRXP[!U^a!TeTah^]T!X]e^[eTS(!!! 

p)!31?!8@?5CD=I!C1I!G9D8@ED!+5EB@<9?5H!)!G@E=4!25!>9C5B12=5#O!C1IC!-81B@?%!N)D!9C!C@!9>A@BD1?D! 6@B!>I!>5?D1=!851=D8!1?4!>1<5C!>5!655=!>E38!25DD5B!12@ED!>I!C9DE1D9@?%!085?!)!1>!D85B5#!)! 4@?PD!655=!=9<5!)P>!49C12=54%!)!G@E=4!B53@>>5?4!9D!D@!5F5BI2@4I%O! 

IRPa[Tcc&! +*&! d]STafT]c! T\TaVT]Rh! bdaVTah! U^a! P! b_X]P[! RPeTa]^\P! SdaX]V! cWT! bTR^]S! [^RZS^f]! X]! ,*,*(! E]RT! IRPa[Tcc! RP\T! W^\T! Ua^\! W^b_XcP[! Xc! QTRP\T! R[TPa! bWT! ]TTSTS! b_TRXP[Xbc!aTWPQX[XcPcX^]!]TPa!W^\T(!>Ta!UPcWTa&!CXRWPT[&!caPf[TS!cWT!X]cTa]Tc!P]S!fPb!_aT_PaX]V! WX\bT[U!P]S!WXb!UP\X[h!U^a!WPeX]V!c^!V^!c^!cWT!K]XcTS!IcPcTb&!Pb!cWXb!bTT\TS!c^!QT!cWT!^][h!_[PRT! ^UUTaX]V!Va^d]S'QaTPZX]V!b_X]P[!R^aS!aTWPQX[XcPcX^](!JWT]!WT!U^d]S!DTda^ZX]Tg!=PcfXRZ(!! 

N.85I!G5B5!@665B9?7!5HDB1@B49?1BI!D85B1A95C!1?4!1=C@!814!1!-D5A$/A!-385>5!G8938!79F5C!C9H! 6B55!C5CC9@?C!D@!?5G=I!9?;EB54!A5@A=5%!05!814!?@D89?7!D@!=@C5!C@!G5!2@@<54!-31B=5DD!9?!$!1?4! G5!81F5?PD!=@@<54!213<"O!!CXRWPT[sb!T]cWdbXPb\!P]S!VaPcXcdST!bWX]Tb!cWa^dVW&!N+5EB@<9?5H!81C! 

$ 




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

@P\Tb&! -2&! WPS! cWT! bW^RZ! ^U! WXb! [XUT! ^]! ERc^QTa! /&! ,*+2!X]! P! UaTPZ! E[h\_XR! LTXVWc[XUcX]V! PRRXST]c!fWT]!_TaU^a\X]V!P!Sh]P\XR!rb]PcRWs![XUc&!cWT!QPa!RP\T!S^f]!^]!WXb!b_X]T!X\\TSXPcT[h! _PaP[hbX]V!WX\!Ua^\!cWT!fPXbc!S^f](!E]T!hTPa!^]&!@P\Tb!WPS!aTVPX]TS!WXb!bcaT]VcW!P]S!Ud[UX[[TS! WXb!PX\!^U![XUcX]V!WXb!cf^'hTPa'^[S!b^]!X]c^!WXb!Pa\b!o!P]S![XUcX]V!fTXVWcb!^]RT!PVPX](!! 

p+5EB@<9?5H!9C!1?!5HDB1@B49?1BI!6139=9DI!D81D!2E9=4C!D85!B5812!1B@E?4!D85!9?49F94E1=&q!bPhb!@P\Tb(! p.85I!494?PD!21D!1?!5I5=94!G85?!)!D@=4!D85>!)!G1?D54!D@!75D!213<!9?!D85!7I>#!=96D!G5978DC!1719?! 1?4!69?4!1!3@>A5D9D9F5!CA@BD!D@!381??5=!>I!5?5B7I(q!! 

6b!fT[[!Pb!aTcda]X]V!c^!UP\X[h![XUT&!@P\Tb!WPb!R^]cX]dTS!c^!f^aZ!bdRRTbbUd[[h&!TeT]!ZTT_X]V!cPQb! ^]! WXb! QdbX]Tbb! Ua^\! WXb! W^b_XcP[! QTS(!! @P\Tb! Xb! cWT! R^'U^d]STa! ^U! >TP[cWR^eTa! BcS! fWXRW! _a^eXSTb!X]cTa]PcX^]P[!\TSXRP[!X]bdaP]RT(!!! 

p)!D@@<!1!3@EA=5!@6!G55<C!@66!CDB1978D!16D5B!>I!133945?D!2ED!C@@?!B5CE>54!G@B<!6B@>!>I!8@CA9D1=! 254%!!)!<?@G!8@G!=E3<I!)!1>!D@!81F5!B5CD@B54!>I!61>9=I!1?4!G@B<!=965!1?4!259?7!213<!381==5?79?7! >IC5=6!9?!=96D9?7!1?4!G855=3819B!B139?7!9C!D85!939?7!@?!D85!31<5%O 

H^bXT&!.&! fPb!SXPV]^bTS!fXcW!8TaTQaP[!FP[bh!Pc!]X]T!\^]cWb!^[S(!?]XcXP[[h!H^bXTsb!SXPV]^bXb! fPb!eTah!\X[S&!Qdc!Xc!b^^]!TbRP[PcTS!c^!BTeT[!,&!-!P]S!cWT]!.!Pb!bWT!QTRP\T!^[STa!P]S!WTa! bh\_c^\b!QTRP\T!\^aT!P__PaT]c(!!H^bXTsb!_PaT]cb&!IP\!P]S!DXR^[P&!U^d]S!cWT!D>I!^UUTaTS! [Xcc[T!bd__^ac!^a!cWTaP_h!QTh^]S!b^\T!X]RaT\T]cP[!P]S!X]UaT`dT]c!_WhbX^cWTaP_h(!JWTh!STRXSTS! c^![^^Z!U^a!b^\TcWX]V!\^aT!TgcT]bXeT!P]S!U^d]S!DTda^ZX]Tg!AXSb(!?cb!UPRX[XcXTb&!Tg_TacXbT!P]S! PccXcdST!fTaT!P!QaTPcW!^U!UaTbW!PXa!'!P]S!cda]TS!^dc!c^!QT!P!cda]X]V!_^X]c!U^a!H^bXT!fWT]!bWT! bcPacTS!cWTaT!X]!D^eT\QTa!,*+3(!Jf^!hTPab![PcTa&!WTa!_a^VaTbb!WPb!QTT]!b^!V^^S!cWPc!WTa! 8TaTQaP[!FP[bh!VaPSX]V!WPb!QTT]!d_SPcTS!c^!BTeT[!-!'!\PZX]V!WTa!T[XVXQ[T!U^a!cWT!I9H!bdaVTah! Pc!=aTPc!Ea\^]S!IcaTTc!W^b_XcP[&!c^!X\_a^eT!bcP]SX]V!P]S!fP[ZX]V!PQX[Xch( 

p)?9D91==I!G5!G5B5!D@=4!D81D!,@C95PC!CI>AD@>C!G5B5!D@@!C5F5B5!1?4!C85!G@E=4?PD!25!3@?C945B54! 6@B! D85! CEB75BIq! bPhb! IP\(! p(@G5F5B#! D81?<C! D@! +5EB@<9?5H#! ,@C95! 81C! 719?54! CDB5?7D8#! 9>AB@F54!85B!3@$@B49?1D9@?!1?4!13895F54!25DD5B!21=1?35%!!.85C5!9>AB@F54!129=9D95C!>51?!C85! 81C!?@G!255?!1335AD54!6@B!CEB75BI!D89C!-5AD5>25B(q! 

H^bXT!R^\_[TcTb!PRcXeXch'QPbTS!aTWPQX[XcPcX^]!bTbbX^]b!fWTaT!cWT!U^Rdb!Xb!c^!VTc!WTa!fTXVWc' QTPaX]V!P]S!c^!T]R^daPVT!fW^[T!Q^Sh!R^'^aSX]PcX^]!cWa^dVW!P!ePaXTch!^U!bcPcXR!P]S!Sh]P\XR! cPbZb(!H^bXT!Xb!RWP[[T]VTS!Qh!bcP]SX]V!^]!d]bcPQ[T!bdaUPRTb&!fP[ZX]V!fXcW!P!UaP\T!fXcW!\X]X\P[! caPX]Ta!PbbXbcP]RT!P]S!cWa^dVW!Sh]P\XR!R^aT!cPbZb!P[[!fXcW!cWT!PX\!^U!X\_a^eX]V!WTa!R^aT!P]S! [^fTa!TgcaT\Xch!bcaT]VcW!fWX[bc!ZTT_X]V!cWT!cPbZb!Ud]!P]S!T]VPVX]V(!IWT!WPb!P[b^!aTb_^]STS! eTah!fT[[!c^!B^R^\^c^a!JaPX]X]V!fWXRW!fWT]!R^\_[TcTS!Pc!cWT!bcPac!^U!cWT!bTbbX^]!WPb!VaTPc! RPaah!^eTa!c^!P[[!^eTaVa^d]S!fP[ZX]V!cPbZb(!! 

JWT! cTP\! WPb! bTT]! [PaVT! X\_a^eT\T]cb! X]! H^bXTsb! R^aT! R^]ca^[! P]S! bWT! RP]! ]^f! bXc! X]ST_T]ST]c[h!P]S!fXcWbcP]S!P!ePaXTch!^U!Sh]P\XR!cPbZb!fXcW^dc![^bX]V!WTa!QP[P]RT(!H^bXTsb! X]ST_T]ST]RT!WPb!cWTaTU^aT!X\_a^eTS!X\\T]bT[h&!bWT!Xb!]^f!PQ[T!c^!P\Qd[PcT!bW^ac!SXbcP]RTb! fXcW!P!fP[ZX]V!UaP\T!P]S!UaTT!bcP]S!fXcW!\X]X\P[!bd__^ac!Pc!WTa!WX_b!fWXRW!WPb!X\_^acP]c!RPaah! ^eTa!PfPh!Ua^\!DTda^ZX]Tg(!! 

% 




p.85!+5EB@<9?5H!D85B1AI!81C!>145!,@C95!1!=@D!CDB@?75B#!?@!4@E2D!12@ED!9D#O!bPhb!IP\(!p-85!9C! 1=>@CD!12=5!D@!CD1?4!9?45A5?45?D=I!?@G#!81C!7@@4!6=5H929=9DI!1?4!85B!89AC!1B5!25DD5B!1=97?54%!)?! 1449D9@?#!85B!3@?6945?35!=5F5=!81C!4569?9D5=I!255?!B19C54!G8938!9C!G@?45B6E=!6@B!EC!D@!C55(q!!! 

JWT!_a^VaTbb!IP\!P]S!DXR^[P!WPeT!bTT]!b^!UPa!fXcW!DTda^ZX]Tg!WPb!VXeT]!cWT\!W^_T!cWPc! H^bXT!RP]!R^]cX]dT!c^!X\_a^eT(!8^\QX]X]V!PRcXeXch'QPbTS!aTWPQX[XcPcX^]!fXcW!cWT!X]cTaeT]cX^]!^U! I9H!bdaVTah&!Xb!VXeX]V!H^bXT!WTa!QTbc!RWP]RT!c^!\X]X\XbT!P]S!\P]PVT!WTa!8TaTQaP[!FP[bh! bh\_c^\b!Pb!bWT!Va^fb!d_(! 

## 8WP[[T]VTb&!aXbZb!P]S!d]RTacPX]cXTb! 

JWT!\PX]!RWP[[T]VTb!P]S!aXbZb!U^a!cWT!Jadbc!Pc!cWXb!cX\T!Xb!WPeX]V!cWT!aTb^daRTb!P]S!Ud]Sb!c^! QdX[S!^da!Ud]SaPXbX]V!RP_PRXch!X]!^aSTa!U^a!\^aT!QT]TUXRXPaXTb!c^!cPZT!_Pac!X]!cWT!PRcXeXch'QPbTS! aTWPQX[XcPcX^]!_a^VaP\\Tb!Pc!^da!cWaTT!aTWPQX[XcPcX^]!bXcTb(! 

EdcbXST!aXbZ!UPRc^ab!WPeT!P[b^!_aTbT]cTS!cWT\bT[eTb!SdaX]V!cWXb!_TaX^S&!bdRW!Pb!cWT!R^bc'^U' [XeX]V!RaXbXb&!fWXRW!WPb!bXV]XUXRP]c[h!X]RaTPbTS!^da!T]TaVh!R^bcb!Pb!fT[[!Pb!RdacPX[TS!X]SXeXSdP[bs! PQX[Xch!c^!S^]PcT!c^!bd__^ac!RWPaXcXTb(! 

## <d]SaPXbX]V! 

Eda!Ud]SaPXbX]V!P__a^PRW!aT[XTb!d_^]!S^]PcX^]b!Ua^\!VaP]c'\PZX]V!U^d]SPcX^]b&!WXVW']Tc!f^acW! X]SXeXSdP[b&!Ud]SaPXbX]V!TeT]cb&![^RP[!QdbX]TbbTb&!cWT!VT]TaP[!_dQ[XR&!P]S!^da!^f]!QT]TUXRXPaXTb(! Eda!bd__^acTab!PaT!^UcT]!_T^_[T![XeX]V!fXcW!]Tda^[^VXRP[!X]Ydah!P]S!cWTXa!UP\X[h!P]S!UaXT]Sb(!! 

BPaVT!S^]PcX^]b!Ua^\!VaP]c'\PZX]V!U^d]SPcX^]b!Pb!fT[[!Pb!P]!P]]dP[!Ud]SaPXbX]V!P__TP[!WPeT! R^\_aXbTS!cWT!Qd[Z!^U!^da!Ud]SaPXbX]V!X]R^\T!U^a!cWXb!UX]P]RXP[!_TaX^S&!fWXRW!WPeT!P[[^fTS!U^a! X]eTbc\T]c!X]!]Tf!P]S!d_SPcTS!T`dX_\T]c&!QdabPaXTb&!caPX]X]V!P]S!aTbTPaRW(! 

,*,,!fPb!P!RWP[[T]VX]V!hTPa!U^a!TeTah^]T&!Tb_TRXP[[h!RWPaXcXTb&!SdT!c^!cWT!R^bc'^U'[XeX]V!RaXbXb(!! JWT!Jadbc!R^]cX]dTS!c^!bd__^ac!cWT!IcT_'K_!_a^VaP\\T&!fWXRW!_a^eXSTb!0!UaTT!+'W^da!bTbbX^]b! c^!_T^_[T!fXcW!]Tf!b_X]P[!R^aS!X]YdaXTb(!!?]!Id\\Ta!,*,,!fT![Pd]RWTS!cWT!IcT_!?c!K_!6__TP[&! aPXbX]V!RaXcXRP[!Ud]Sb!c^!R^]cX]dT!^da!D>I!aTUTaaP[!bTaeXRT(!JWT!P__TP[!R^]bXbcTS!^U!Ra^fSUd]SX]V! eXP!P!RT]caT'fXST!_WhbXRP[!RWP[[T]VT!U^a!P[[!PVTb!P]S!PQX[XcXTb(! 

JWT!cadbc!R^]cX]dTS!Xcb!UadXcUd[!aT[PcX^]bWX_!fXcW!P]^cWTa!RWPaXch&!IRX]TaVXbT&!fW^!_a^eXST!Q[^RZb! ^U!_WhbX^cWTaP_h!bTbbX^]b!c^!RWX[SaT]!P]S!h^d]V!_T^_[T!fXcW!b_X]P[!X]YdaXTb!Pc!DTda^ZX]Tg(!!JWT! cadbc!fPb!P[b^!bdRRTbbUd[!X]!VPX]X]V!VaP]cb!U^a!PSd[cb&!b_TRXUXRP[[h!bca^ZT!bdaeXe^ab(! 

?]!cWXb!hTPa!cWT!cadbc!P[b^!aTRTXeTS!VaP]cb!c^fPaSb!cWT!aTUdaQXbW\T]c!^U!cWT![XUc!Pc!^da!=PcfXRZ! RT]caT!Ua^\!cWT!DPcX^]P[!B^ccTah!8^\\d]Xch!<d]S!P]S!cWT!IdbbTg!8^\\d]Xch!<^d]SPcX^](! 

6b!P!RWPaXch!fWXRW!aTRTXeTb!]^!V^eTa]\T]c!Ud]SX]V&!cWT!Jadbc!aT[XTb!T]cXaT[h!^]!cWT!TUU^acb!P]S! VT]Ta^bXch!^U!^da!bd__^acTab!c^!bdaeXeT!P]S!c^!R^]cX]dT!^da!f^aZ(!LXcW^dc!cWT\&!Wd]SaTSb!^U! _T^_[T!P]S!cWTXa!UP\X[XTb!f^d[S!bX\_[h!]^c!aTRTXeT!cWT!eXcP[!bd__^ac!cWTh!]TTS&!fWXRW!Xb!fWh!fT! PaT!\PZX]V!P!R^\\Xc\T]c!c^!QT!Q^cW!caP]b_PaT]c!P]S!PRR^d]cPQ[T(! 

LT!P[fPhb!bcaXeT!U^a!QTbc!_aPRcXRT!X]!Ud]SaPXbX]V!c^!T]bdaT!^da!S^]^ab!UTT[!bPUT&!eP[dTS!P]S!fT[[! bd__^acTS!o!PSWTaX]V!c^!cWT!<d]SaPXbX]V!HTVd[Pc^a!P]S!^cWTa!_a^UTbbX^]P[!Ud]SaPXbX]V!Q^SXTb(! 

LT!]TeTa!Qdh!^a!bT[[!_T^_[Tsb!_Tab^]P[!X]U^a\PcX^](!LT!f^aZ!WPaS!c^!aTb_TRc!_T^_[T#b!fXbWTb! PQ^dc!W^f!cWTh!fP]c!db!c^!R^\\d]XRPcT!fXcW!cWT\(!LT!P[b^!T]bdaT!fT!PaT!R^\_[XP]c!fXcW! =T]TaP[!9PcP!Fa^cTRcX^]!HTVd[PcX^](!JWXb![Pf!PX\b!c^!VXeT!X]SXeXSdP[b!VaTPcTa!R^]ca^[!^U!W^f! P]S!fWT]!cWTXa!_Tab^]P[!SPcP!Xb!dbTS!P]S!aTX]U^aRTb!cadbc!X]!cWT!bTRc^a(! 

& 




JWT!Jadbc!WPb!]TeTa!R^[S!\PX[TS!^a!R^[S!RP[[TS!cWT!_dQ[XR!c^!aPXbT!Ud]Sb(!LT!SXS!]^c!T\_[^h! TgcTa]P[! R^\_P]XTb! c^! RPaah! ^dc! Ud]SaPXbX]V! ^]! ^da! QTWP[U(! LT! \TTc! cWT! bcP]SPaSb! bTc! Qh! <d]SaPXbX]V! IcP]SPaSb! 7^PaS! o! P]S! \^]Xc^a! P]h! R^\_[PX]cb! aTRTXeTS! Qh! cWT! RWPaXch! PQ^dc! Ud]SaPXbX]V(!LT!aTRTXeTS!]^!R^\_[PX]cb!X]!X]!,*,,(! 

LT! aTR^V]XbT! cWPc! cWT! RWPaXch! QT]TUXRXPaXTb! PaT! P! ed[]TaPQ[T! _^_d[PcX^]&! _PacXRd[Pa[h! cWT! _PTSXPcaXR!R[XT]cb(!6[[!Tg_Tacb!X]e^[eTS!X]!ST[XeTah!^U!cWT!PRcXeXch'QPbTS!aTWPQX[XcPcX^]!bTaeXRTb! PaT! 97I! RWTRZTS! P]S! P]h! UdcdaT! e^[d]cTTab! fW^! f^d[S! R^\T! X]c^! R^]cPRc! fXcW! _PTSXPcaXR! QT]TUXRXPaXTb!fX[[!QT!97I!RWTRZTS!QTU^aT!_PacPZX]V!X]!Ud]SaPXbX]V!TeT]cb(! 

## Fa^VaP\\T'aT[PcTS!?]eTbc\T]cb! 

JWT! RWPaXch! WPb! _a^VaP\\T'aT[PcTS! X]eTbc\T]c! X]! cWT! [XbcTS! TPa[h'bcPVT! DTda^\^Sd[PcX^]! STeXRT!R^\_P]h&!EDL6H9!CTSXRP[!$U^a\Ta[h!DHJ!>^[SX]Vb)=JM!CTSXRP[%!^U!j.*-&0..(! 

JWTaT!PaT!]^!aTbcaXRcX^]b!^]!cWT!RWPaXchsb!_^fTa!c^!X]eTbc(!JWT!X]eTbc\T]c!bcaPcTVh!Xb!bTc!Qh!cWT! JadbcTTb!P]S!cWT!^eTaP[[!_^[XRh!Xb!c^!QP[P]RT!aXbZ!fXcW!aTcda](! 

## <X]P]RXP[!HTeXTf! 

J^cP[!X]R^\X]V!aTb^daRTb!SdaX]V!cWT!_TaX^S!Ua^\!S^]PcX^]b&!aT]cP[!X]R^\T!P]S!S^]PcTS!PbbTcb! P\^d]cTS!c^!j,+1&+21!$,*,+4!j-,1&+33%(! 

9daX]V!cWT!_TaX^S!cWT!RWPaXch!\PST!VaP]cb!c^cP[X]V!j+,2&.3-!$,*,+4!j+,.&*22%(!=^eTa]P]RT! R^bcb!P\^d]cTS!c^!j1&1/*!$,*,+4!j1&.**%!P]S!bd__^ac!R^bcb!P\^d]cTS!c^!j,03&123!$,*,+4! j,20&-1+%(! 

K]aTP[XbTS!VPX]b!^]!X]eTbc\T]cb!PaXbX]V!Ua^\!PbbTc!aTeP[dPcX^]b!P\^d]cTS!c^!j+22&,-2!$,*,+4! j]X[%(! 

J^cP[! d]aTbcaXRcTS! Ud]Sb! Pc! cWT! _TaX^S! T]S! PaT! j013&1-3! $,*,+4! j0-1&1/-%(! &! 80.30-0*)39! 5479043!4-!9/,!*/)709>!7,8,7<,8!)7,!03!9/,!-472!4-!-0=,+!)88,98"!03!5)790*;1)7!1,)8,/41+! 02574<,2,398"!)3+!)7,!9/,7,-47,!01106;0+#!!(1,)8,!7,-,7!94!'49,!$%!4-!9/,!)**4;398#! 

9daX]V!cWT!hTPa!cWTaT!fPb!P!caP]bUTa!^U!Ud]Sb!Ua^\!cWT!d]aTbcaXRcTS!Ud]S!^U!j0&2,+!c^!cWT!7dabPah! <d]S!P]S!j3&+2,!c^!cWT!?]]^ePcX^]!<d]S(!JWXb!fPb!SdT!c^!P!bW^acUP[[!^U!X]R^\T!^eTa!Tg_T]SXcdaT(! 

J^cP[!Ud]Sb!WT[S!Pc!cWT!hTPa!T]S&!fWXRW!PaT!aTbcaXRcTS!P]S!]^c!PePX[PQ[T!U^a!VT]TaP[!_da_^bT! fTaT!j//&-*0!$,*,+4!j31&233%(! 

## =^X]V!R^]RTa]! 

6UcTa!\PZX]V!P__a^_aXPcT!T]`dXaXTb&!cWT!JadbcTTb!WPeT!P!aTPb^]PQ[T!Tg_TRcPcX^]!cWPc!cWT!RWPaXch! WPb!PST`dPcT!aTb^daRTb!c^!R^]cX]dT!X]!^_TaPcX^]P[!TgXbcT]RT!U^a!cWT!U^aTbTTPQ[T!UdcdaT(!<^a!cWXb! aTPb^]&!cWTh!R^]cX]dT!c^!PS^_c!cWT!V^X]V!R^]RTa]!QPbXb!X]!_aT_PaX]V!cWT!UX]P]RXP[!bcPcT\T]cb(! 

## HTbTaeTb!_^[XRh! 

JWT!cadbcTTb!WPeT!aTeXTfTS!cWT!RWPaXchsb!]TTS!U^a!aTbTaeTb!X]![X]T!fXcW!VdXSP]RT!XbbdTS!Qh!cWT! 8WPaXch!8^\\XbbX^](! 

K]aTbcaXRcTS! Ud]Sb! fWXRW! WPeT! ]^c! QTT]! STbXV]PcTS! U^a! P! b_TRXUXR! dbT! bW^d[S! ]^a\P[[h! QT! \PX]cPX]TS!Pc!P![TeT[!T`dXeP[T]c!c^!P!\X]X\d\!^U!0!c^!+,!\^]cWb!Tg_T]SXcdaT(!JWT!cadbcTTb! R^]bXSTa!cWPc!aTbTaeTb!Pc!cWXb![TeT[!fX[[!T]bdaT!cWPc&!X]!cWT!TeT]c!^U!P!bXV]XUXRP]c!Sa^_!X]!Ud]SX]V&! 

' 




cWTh!fX[[!QT!PQ[T!c^!R^]cX]dT!cWT!cadbcb!PRcXeXcXTb!fWX[T!R^]bXSTaPcX^]!Xb!VXeT]!c^!fPhb!X]!fWXRW! PSSXcX^]P[!Ud]Sb!\Ph!QT!aPXbTS(! 

## F[P]b!U^a!<dcdaT!FTaX^Sb! 

EeTa!cWT!]Tgc!UXeT!hTPab!fT!P]cXRX_PcT!fT!fX[[!WPeT!PRWXTeTS!cWT!U^[[^fX]V!\X[Tbc^]Tb4! 

- " DTda^ZX]Tg!BTTSb!IPcT[[XcT!o!X\_[T\T]cPcX^]!^U!P!DTda^ZX]Tg!BTTSb!IPcT[[XcT!RT]caT!c^! bTaeT!cWT!_PaP[hbXb!R^\\d]Xch!X]!N^aZbWXaT!P]S!cWT!bdaa^d]SX]V!R^d]cXTb5! 

- " DTda^ZX]Tg!AXSb!o!Tg_P]S!cWT!_PTSXPcaXR!_a^VaP\\T!c^!cWT!>T\T[!>T\_bcTPS!P]S! 7aXbc^[!RT]caTb5! 

- " DTda^ZX]Tg! IR^c[P]S! IPcT[[XcT! o! X\_[T\T]cPcX^]! ^U! P! DTda^ZX]Tg! IR^c[P]S! IPcT[[XcT! RT]caT!c^!bTaeT!cWT!_PaP[hbXb!R^\\d]Xch!X]!IR^c[P]S5! 

- " 8^]cX]dTS!Tg_P]bX^]!^U!cWT!DTda^ZX]Tg!HTbTPaRW!F[PcU^a\!c^!P!WP]SUd[!^U!aTbTPaRW! _X[^cb!X]!R^[[PQ^aPcX^]!fXcW!KA!_PaP[hbXb!aTbTPaRW!^aVP]XbPcX^]b!P]S!X]bcXcdcX^]b5!P]S! 

- " ;gTRdcX^]!^U!P]!D>I!88=!FX[^c!o!c^!ad]!P!88=!_X[^c!U^a!Pc![TPbc!^]T!^U!^da!aTWPQ!P]S! fT[[]Tbb!_a^VaP\\Tb!fXcW!P!eXTf!U^a!UdcdaT!D>I!R^\\XbbX^]X]V! 

## IcadRcdaT&!=^eTa]P]RT!P]S!CP]PVT\T]c! 

JWT!RWPaXch!Xb!P!RWPaXcPQ[T!X]R^a_^aPcTS!^aVP]XbPcX^]!$8?E%&!RWPaXch!]d\QTa!++0330.!P]S!Xb! V^eTa]TS!Qh! P!R^]bcXcdcX^]!TUUTRcXeT! -+!ERc^QTa! ,*+0(! JWT! RWPaXch!fPb!X]R^a_^aPcTS! ^]!-+! ERc^QTa!,*+0(! 

6[[!cadbcTTb!PaT!P[b^!\T\QTab!^U!cWT!RWPaXch(!?]!PRR^aSP]RT!fXcW!cWT!RWPaXchsb!R^]bcXcdcX^]&!cWT! \T\QTab!^U!cWT!RWPaXch!WPeT!]^![XPQX[Xch!c^!R^]caXQdcT!c^!Xcb!PbbTcb!P]S!]^!_Tab^]P[!aTb_^]bXQX[Xch! U^a!bTcc[X]V!Xcb!STQcb!P]S![XPQX[XcXTb!d_^]!P!fX]SX]V!d_(! 

JWT!Q^PaS!Xb!_aTbT]c[h!\PST!d_!^U!U^da!cadbcTTb!fW^!\TTc!cf^!cX\Tb!P!hTPa&!fWTaTQh!P[[!\PY^a! STRXbX^]b!^U!cWT!RWPaXch!PaT!cPZT](!6bXST!Ua^\!cWT!^aXVX]P[!cWaTT!cadbcTTb&!TeTah!cadbcTT!\dbc!QT! P__^X]cTS!U^a!P!cTa\!^U!cWaTT!hTPab!Qh!P!aTb^[dcX^]!_PbbTS!Pc!P!_a^_Ta[h!R^]eT]TS!\TTcX]V!^U! cWT!RWPaXch!cadbcTTb(!?]!bT[TRcX]V! X]SXeXSdP[b!U^a!P__^X]c\T]c!Pb!RWPaXch!cadbcTTb&!cWT!RWPaXch! cadbcTTb! \dbc! WPeT! aTVPaS! c^! bZX[[b&! Z]^f[TSVT! P]S! Tg_TaXT]RT! ]TTSTS! U^a! cWT! TUUTRcXeT! PS\X]XbcaPcX^]!^U!cWT!Jadbc(!D^!]Tf!cadbcTTb!fTaT!P__^X]cTS!X]!cWXb!UX]P]RXP[!_TaX^S(! 

JWT!RWPaXch!cadbcTTb!\PZT!PePX[PQ[T!c^!TPRW!]Tf!RWPaXch!cadbcTT&!^]!^a!QTU^aT!WXb!^a!WTa!UXabc! P__^X]c\T]c&!P!R^_h!^U!cWT!RdaaT]c!eTabX^]!^U!cWT!Jadbc!R^]bcXcdcX^]&!P]S!P!R^_h!^U!cWT!Jadbcsb! [PcTbc!JadbcTTbs!6]]dP[!HT_^ac!P]S!bcPcT\T]c!^U!PRR^d]cb(!6[[!]Tf!JadbcTTb!aTRTXeT!X]U^a\PcX^]! Ua^\!cWT!8WPaXch!8^\\XbbX^]!aT[PcX]V!c^!cadbcTTbs!aTb_^]bXQX[XcXTb(! 

JWT!Q^PaS!Xb!aTb_^]bXQ[T!U^a!PVaTTX]V!P]!P__a^_aXPcT!bcaPcTVh!P]S!_^[XRXTb!U^a!cWT!RWPaXch!P]S! \PZX]V!bdaT!cWPc!cWTbT!PaT!_dc!X]c^!_aPRcXRT(!J^VTcWTa!fXcW!cWT!bT]X^a!\P]PVT\T]c!cTP\!$ICJ%&! cWTh!\P]PVT!cWT!SPh'c^'SPh!^_TaPcX^]b!^U!cWT!RWPaXch!X]![X]T!fXcW!^da!bcaPcTVh!P]S!QdbX]Tbb! _[P](! 

JWT!RWPaXch!cadbcTTb!WPeT!VXeT]!R^]bXSTaPcX^]!c^!cWT!\PY^a!aXbZb!c^!fWXRW!cWT!RWPaXch!Xb!Tg_^bTS&! X]!_PacXRd[Pa!cW^bT!aT[PcTS!c^!cWT!^_TaPcX^]b!P]S!UX]P]RTb!^U!cWT!RWPaXch!P]S!bPcXbUXTS!cWT\bT[eTb! cWPc!bhbcT\b!P]S!_a^RTSdaTb!PaT!TbcPQ[XbWTS!X]!^aSTa!c^!\XcXVPcT!Tg_^bdaT!c^!cW^bT!aXbZb(! 

( 



neuro
Kinex
REDEFINING POSSIBILITIES
Approval of the Trustees, Report
The Charity Iruslees are responsible for preparing Ihe annual report and financial statements in
accordance with applicable law and regulations.
The law applicable to charities in England and Wales requires the Iruslees to prepare financial
statements for each financial year in accordance with United Kingdom Generally Accepted
Accounting Practice (United Kingdom Accounting Standards and applicable lawl. The Iruslees
musl not approve the financial statements unless they are satisfied that they give a true and
fair view of the stale of affairs of the charity and of the incoming resources and application of
resources, of the charity for that period.
In preparing the financial statements. Ihe Irustees are required lo:
select suitable accounting policies and then apply them consistently..
observe the methods and principles in the applicable Charities SORP;
make judgements and estimates that are reasonable and prudent-
stale whether applicable UK accounting standards have been followed, subject lo any
material departures disclosed and explained in the financial statements-
prepare the financial statements on the going concern basis unless rt is inappropriate
to presume that the charity will continue to operate.
The trustees are responsible for keeping proper accounting records that disclose wrth
reasonable accuracy at any time the financial position of the charity and lo enable them to
ensure thal the financial statements comply with the Charities Act 2011. the Charities {Accounts
and Reports) Regulations 2008. and the provisions ofthe Trust deed. They are also responsible
for safeguarding the assets of the charity and taking reasonable steps for the prevention and
detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the charty and financial
information included on the charity's website. Legislation in the United Kingdom governing the
preparation and dissemination of financial statements may differ from legislation in other
jurisdictions.
Approved by K Thomton-Jones, Trustee Dale
22Au
U5t 2023
Approved by H Sihola. Trustee
Dale
22 August 2023
io

## 345 65789;<65= "4>8<3>?@5 387A3 

<6B5D56B563 5=>F<658CA 85D983 E98 345 G5>8 56B5B H/ 9"39?58 IJII 

## <)M-S-)M-)' -T$+&)-%CN %-SQ%' 'Q '#- 3%*N'--N QK 3#- 6-*%QW&)-T "#$%&'$,P- 3%*N' [C'#- L#$%&'(C\ 

> 5%P152 21 20% L0#5/2C 45672%%7 19 =C %\#=/9#2/19 1R 20% #LL16927 1R 20% L0#5/2C R15 20% C%#5 %9A%A *& YL21]%5 ')'' T0/L0 L1=P5/7% 20% .2#2%=%92 1R I/9#9L/#J WL2/^/2%73 20% S#J#9L% .0%%2 #9A 5%J#2%A 912%7[ 

40/7 5%P152 /7 =#A% 71J%JC 21 20% L0#5/2Cg7 25672%%73 #7 # ]1AC3 /9 #LL15A#9L% T/20 7%L2/19 &+, 1R 20% ?0#5/2/%7 WL2 ')&&[  MC T15N 0#7 ]%%9 69A%52#N%9 71 20#2 > =/$02 72#2% 21 20% L0#5/2Cg7 25672%%7 2017% =#22%57 > #= 5%V6/5%A 21 72#2% 21 20%= /9 20/7 5%P152 #9A R15 91 120%5 P65P17%[  41 20% R6JJ%72 %\2%92 P%5=/22%A ]C J#T3 > A1 912 #LL%P2 15 #776=% 5%7P197/]/J/2C 21 #9C19% 120%5 20#9 20% L0#5/2C #9A 20% L0#5/2Cg7 25672%%7 #7 # ]1AC3 R15 =C T15N3 R15 20/7 5%P1523 15 R15 20% 1P/9/197 > 0#^% R15=%A[ 

## 8-NSQ)N&,&P&'&-N $)M ,$N&N QK %-SQ%' 

W7 20% 45672%%7 1R 20% L0#5/2C C16 #5% 5%7P197/]J% R15 20% P5%P#5#2/19 1R 20% #LL16927 /9 #LL15A#9L% T/20 20% 5%V6/5%=%927 1R 20% ?0#5/2/%7 WL2 ')&& @`20% ')&& WL2`D[ 

> 5%P152 /9 5%7P%L2 1R =C %\#=/9#2/19 1R 20% L0#5/2C`7 #LL16927 L#55/%A 162 69A%5 7%L2/19 &+, 1R 20% ')&& WL2 #9A /9 L#55C/9$ 162 =C %\#=/9#2/19 > 0#^% R1JJ1T%A 20% #PPJ/L#]J% </5%L2/197 $/^%9 ]C 20% ?0#5/2C ?1==/77/19 69A%5 7%L2/19 &+,@,D@]D 1R 20% ')&& WL2[ 

W9 /9A%P%9A%92 %\#=/9#2/19 A1%7 912 /9^1J^% $#20%5/9$ #JJ 20% %^/A%9L% 20#2 T16JA ]% 5%V6/5%A /9 #9 #6A/2 #9A L197%V6%92JC A1%7 912 L1^%5 #JJ 20% =#22%57 20#2 #9 #6A/215 L197/A%57 /9 $/^/9$ 20%/5 1P/9/19 19 20% R/9#9L/#J 72#2%=%927[ 40% PJ#99/9$ #9A L19A6L2 1R #9 #6A/2 $1%7 ]%C19A 20% J/=/2%A #7765#9L% 20#2 #9 /9A%P%9A%92 %\#=/9#2/19 L#9 P51^/A%[ ?197%V6%92JC > %\P5%77 91 1P/9/19 #7 21 T0%20%5 20% R/9#9L/#J 72#2%=%927 P5%7%92 # h256% #9A R#/5g ^/%T #9A =C 5%P152 /7 J/=/2%A 21 2017% 7P%L/R/L =#22%57 7%2 162 /9 20% /9A%P%9A%92 %\#=/9%5g7 72#2%=%92[ 

"#$% && 



## 345 65789;<65= "4>8<3>?@5 387A3 

## <6B5D56B563 5=>F<658CA 85D983 ["963<675B\ E98 345 G5>8 56B5B H/ 9"39?58 IJII 

## <)M-S-)M-)' -T$+&)-%CN N'$'-+-)' 

> 0#^% L1=PJ%2%A =C %\#=/9#2/19[ > L19R/5= 20#2 91 =#22%57 0#^% L1=% 21 =C #22%92/19 /9 L199%L2/19 T/20 20% %\#=/9#2/19 $/^/9$ =% L#67% 21 ]%J/%^% 20#2 /9 #9C =#2%5/#J 5%7P%L2a 

- &[ #LL1692/9$ 5%L15A7 T%5% 912 N%P2 /9 5%7P%L2 1R 20% L0#5/2C #7 5%V6/5%A ]C 7%L2/19 &*) 1R 20% ')&& WL2e 15 

- '[ 20% #LL16927 A1 912 #LL15A T/20 2017% 5%L15A7e 15 

- *[ 20% #LL16927 A1 912 L1=PJC T/20 20% #PPJ/L#]J% 5%V6/5%=%927 L19L%59/9$ 20% R15= #9A L192%92 1R #LL16927 7%2 162 /9 20% ?0#5/2/%7 @WLL16927 #9A O%P1527D O%$6J#2/197 '))X 120%5 20#9 #9C 5%V6/5%=%92 20#2 20% #LL16927 $/^% # `256% #9A R#/5` ^/%T T0/L0 /7 912 # =#22%5 L197/A%5%A #7 P#52 1R #9 /9A%P%9A%92 %\#=/9#2/19[ 

> 0#^% 91 L19L%597 #9A 0#^% L1=% #L5177 91 120%5 =#22%57 /9 L199%L2/19 T/20 20% %\#=/9#2/19 21 T0/L0 #22%92/19 7016JA ]% A5#T9 /9 20/7 5%P152 /9 15A%5 21 %9#]J% # P51P%5 69A%572#9A/9$ 1R 20% #LL16927 21 ]% 5%#L0%A[ 

./$9%Aa <#2%Aa 23 August 2023 

-#99#0 ?J%$$ I?W 

.#C%57 S622%5T1520 UU" *5A IJ115 &' H16$0 .V6#5% U19A19 Q?+W *<E 

"#$% &' 



## 345 65789;<65= "4>8<3>?@5 387A3 

## A3>35F563 9E E<6>6"<>@ >"3<U<3<5A E98 345 G5>8 56B5B H/ 9"39?58 IJII 

|6Q'-<br><)LQ+- K%Q+.<br><19#2/197 #9A J%$#L/%7<br>*<br>?0#5/2#]J% #L2/^/2/%7<br>+<br>3Q'$P &)LQ+-<br>5TS-)M&'*%- Q).<br>O#/7/9$ R69A7<br>,<br>?0#5/2#]J% #L2/^/2/%7<br>B<br>3Q'$P -TS-)M&'*%-<br>6-' -TS-)M&'*%- ,-KQ%- )-' V$&)N Q)<br>&)O-N'+-)'N<br>K%2 $#/97 19 /9^%72=%927<br>&'<br>6-' [-TS-)M&'*%-\d&)LQ+-<br>45#97R%57 ]%2T%%9 R69A7<br>&B<br>6-' +QO-+-)' &) K*)MN<br>8-LQ)L&P&$'&Q) QK K*)MN.<br>412#J R69A7 ]516$02 R15T#5A<br>K%2 =1^%=%92 /9 R69A7<br>3Q'$P K*)MN L$%%&-M KQ%X$%M|8-N'%&L'-M<br>K*)MN<br>IJII<br>`<br>/I2R/aJ<br>^<br>/I2R/aJ<br>^<br>/bHRHIc<br>/bHRHIc<br>[I1R/bc\<br>^<br>[I1R/bc\<br>[/HR2Hb\<br>[2IRb1H\<br>1aRc11<br>[2IRb1H\<br>bbRHJ0|7)%-N'%&L'-M<br>K*)MN<br>IJII<br>`<br>1/R2H0<br>/Rbc/<br>1HRJ/a<br>^<br>IbIRaJ2<br>IbIRaJ2<br>[/b1R0ca\<br>/ccRIHc<br>IcRbb/<br>/HR2Hb<br>2/R1c0<br>0HaRabH<br>2/R1c0<br>0a1RaH1|3Q'$P<br>K*)MN<br>IJII<br>`<br>I/bR0J0<br>/Rbc/<br>I/aR/ca<br>^<br>2J0RJHI<br>2J0RJHI<br>[/ccRc2b\<br>/ccRIHc<br>[0Ja\<br>^<br>[0Ja\<br>aHbR0bI<br>[0Ja\<br>aHbRJ2b|"#$%&<br>'()*+<br>,-,.<br>/<br>0,12314<br>50-<br>0,52.44<br>,15<br>3.52674<br>3.62.,1<br>84-24,59<br>;<br>84-24,59<br>;<br>84-24,59<br>6,12754<br>84-24,59<br>507217,|
|---|---|---|---|---|



40% .2#2%=%92 1R R/9#9L/#J #L2/^/2/%7 /9LJ6A%7 #JJ $#/97 #9A J177%7 5%L1$9/7%A /9 20% C%#5[ 

40% 912%7 19 P#$%7 &, 21 *) R15= P#52 1R 20%7% R/9#9L/#J 72#2%=%927[ 

"#$% &* 



THE NEUROKINEX CHARITABLE TRUST
BALMCE SHEET
AT 31 OCTOBER 2022
2022
2021
Note
Fixed assets
Tangible assets
Investments
11
12
386,773
403,644
496,451
215,496
790,417
711,857
Current assets
Debtors.. amounts falling due after more than
one year
Debtors.. amounts falling due within one year
Cash at bank and in hand
13
13
25,000
58,982
25,021
68,571
55,514
109,003
124,085
Creditors.. amounts falling due wrthin one
14
1146,7271
(78,596)
Net current liabilities l assets
137,7241
45,489
Total assets less current liabilities
752,693
757,346
Creditors.. amounts falling due after more
than one year
15
117,6481
(21,694)
Total net assets
735,045
735,652
Charity funds
Reslricled funds
Unrestricled funds
17
17
55,306
679,739
97,899
637, 753
Total funds
735,045
735,652
The financial statements were approved and aulhorised for issue by the Trustees and signed on their behalf b￿.
H Sihota
K Thornton-Jones
Date.. 22 August 2023
The notes on pages 15 10 30 form part of these financial slatements.
Page 14

## 345 65789;<65= "4>8<3>?@5 387A3 

6935A 39 345 E<6>6"<>@ A3>35F563A E98 345 G5>8 56B5B H/ 9"39?58 IJII 

## /Z ]-)-%$P &)KQ%+$'&Q) 

40% K%651N/9%\ ?0#5/2#]J% 45672 /7 # L0#5/2#]J% /9L15P15#2%A 15$#9/7#2/19 @?>YD3 L0#5/2C 96=]%5 &&FGGF+3 #9A T#7 /9L15P15#2%A 19 *& YL21]%5 ')&F[ 

>9 #LL15A#9L% T/20 20% ?0#5/2C`7 L1972/262/193 20% =%=]%57 1R 20% ?0#5/2C @T01 #5% #J71 20% 45672%%7D 0#^% 91 J/#]/J/2C 21 L1925/]62% 21 /27 #77%27 #9A 91 P%5719#J 5%7P197/]/J/2C R15 7%22J/9$ /27 A%]27 #9A J/#]/J/2/%7 6P19 T/9A/9$ 6P[ 

## IZ >LLQ*)'&)V SQP&L&-N 

## IZ/ ?$N&N QK S%-S$%$'&Q) QK K&)$)L&$P N'$'-+-)'N 

40% R/9#9L/#J 72#2%=%927 0#^% ]%%9 P5%P#5%A /9 #LL15A#9L% T/20 20% ?0#5/2/%7 .YO" @IO. &)'D ( WLL1692/9$ #9A O%P152/9$ ]C ?0#5/2/%7a .2#2%=%92 1R O%L1==%9A%A "5#L2/L% #PPJ/L#]J% 21 L0#5/2/%7 P5%P#5/9$ 20%/5 #LL16927 /9 #LL15A#9L% T/20 20% I/9#9L/#J O%P152/9$ .2#9A#5A #PPJ/L#]J% /9 20% c8 #9A O%P6]J/L 1R >5%J#9A @IO. &)'D @%RR%L2/^% & ;#96#5C ')&GD3 20% I/9#9L/#J O%P152/9$ .2#9A#5A #PPJ/L#]J% /9 20% c8 #9A O%P6]J/L 1R >5%J#9A @IO. &)'D #9A 20% ?0#5/2/%7 WL2 ')&&[ 

40% R/9#9L/#J 72#2%=%927 0#^% ]%%9 P5%P#5%A 21 $/^% # `256% #9A R#/5` ^/%T #9A 0#^% A%P#52%A R51= 20% ?0#5/2/%7 @WLL16927 #9A O%P1527D O%$6J#2/197 '))X 19JC 21 20% %\2%92 5%V6/5%A 21 P51^/A% # `256% #9A R#/5` ^/%T[ 40/7 A%P#5265% 0#7 /9^1J^%A R1JJ1T/9$ 20% ?0#5/2/%7 .YO" @IO. &)'D P6]J/70%A /9 YL21]%5 ')&G 5#20%5 20#9 20% WLL1692/9$ #9A O%P152/9$ ]C ?0#5/2/%7a .2#2%=%92 1R O%L1==%9A%A "5#L2/L% %RR%L2/^% R51= & WP5/J ')), T0/L0 0#7 7/9L% ]%%9 T/20A5#T9[ 

40% K%651N/9%\ ?0#5/2#]J% 45672 =%%27 20% A%R/9/2/19 1R # P6]J/L ]%9%R/2 %92/2C 69A%5 IO. &)'[ W77%27 #9A J/#]/J/2/%7 #5% /9/2/#JJC 5%L1$9/7%A #2 0/7215/L#J L172 15 25#97#L2/19 ^#J6% 69J%77 120%5T/7% 72#2%A /9 20% 5%J%^#92 #LL1692/9$ P1J/LC[ 

## IZI ]Q&)V LQ)L-%) 

40%5% #5% 91 =#2%5/#J 69L%52#/92/%7 #]162 20% ?0#5/2C`7 #]/J/2C 21 L192/96%3 #9A 71 20% $1/9$ L19%59 ]#7/7 1R #LL1692/9$ 0#7 ]%%9 #A1P2%A[ 

## IZH <)LQ+- 

WJJ /9L1=% /7 5%L1$9/7%A 19L% 20% L0#5/2C 0#7 %92/2J%=%92 21 20% /9L1=%3 /2 /7 P51]#]J% 20#2 20% /9L1=% T/JJ ]% 5%L%/^%A #9A 20% #=1692 1R /9L1=% 5%L%/^#]J% L#9 ]% =%#765%A 5%J/#]JC[ 

H5#927 #5% /9LJ6A%A /9 20% .2#2%=%92 1R R/9#9L/#J #L2/^/2/%7 19 # 5%L%/^#]J% ]#7/7[ 40% ]#J#9L% 1R /9L1=% 5%L%/^%A R15 7P%L/R/L P65P17%7 ]62 912 %\P%9A%A A65/9$ 20% P%5/1A /7 701T9 /9 20% 5%J%^#92 R69A7 19 20% S#J#9L% 70%%2[ E0%5% /9L1=% /7 5%L%/^%A /9 #A^#9L% 1R %92/2J%=%92 1R 5%L%/P23 /27 5%L1$9/2/19 /7 A%R%55%A #9A /9LJ6A%A /9 L5%A/2157 #7 A%R%55%A /9L1=%[ E0%5% %92/2J%=%92 1LL657 ]%R15% /9L1=% /7 5%L%/^%A3 20% /9L1=% /7 #LL56%A[ 

Y20%5 /9L1=% /7 5%L1$9/7%A /9 20% P%5/1A /9 T0/L0 /2 /7 5%L%/^#]J% #9A 21 20% %\2%92 20% $11A7 0#^% ]%%9 P51^/A%A 15 19 L1=PJ%2/19 1R 20% 7%5^/L%[ 

"#$% &, 



345 65789;<65= "4>8<3>?@5 387A3 

6935A 39 345 E<6>6"<>@ A3>35F563A E98 345 G5>8 56B5B H/ 9"39?58 IJII 

## IZ >LLQ*)'&)V SQP&L&-N [LQ)'&)*-M\ 

## IZ2 5TS-)M&'*%- 

Q\P%9A/265% /7 5%L1$9/7%A 19L% 20%5% /7 # J%$#J 15 L197256L2/^% 1]J/$#2/19 21 25#97R%5 %L191=/L ]%9%R/2 21 # 20/5A P#52C3 /2 /7 P51]#]J% 20#2 # 25#97R%5 1R %L191=/L ]%9%R/27 T/JJ ]% 5%V6/5%A /9 7%22J%=%92 #9A 20% #=1692 1R 20% 1]J/$#2/19 L#9 ]% =%#765%A 5%J/#]JC[ Q\P%9A/265% /7 LJ#77/R/%A ]C #L2/^/2C[ 40% L1727 1R %#L0 #L2/^/2C #5% =#A% 6P 1R 20% 212#J 1R A/5%L2 L1727 #9A 70#5%A L17273 /9LJ6A/9$ 76PP152 L1727 /9^1J^%A /9 69A%52#N/9$ %#L0 #L2/^/2C[ </5%L2 L1727 #225/]62#]J% 21 # 7/9$J% #L2/^/2C #5% #JJ1L#2%A A/5%L2JC 21 20#2 #L2/^/2C[ .0#5%A L1727 T0/L0 L1925/]62% 21 =15% 20#9 19% #L2/^/2C #9A 76PP152 L1727 T0/L0 #5% 912 #225/]62#]J% 21 # 7/9$J% #L2/^/2C #5% #PP152/19%A ]%2T%%9 2017% #L2/^/2/%7 19 # ]#7/7 L197/72%92 T/20 20% 67% 1R 5%7165L%7[ ?%925#J 72#RR L1727 #5% #JJ1L#2%A 19 20% ]#7/7 1R 2/=% 7P%923 #9A A%P5%L/#2/19 L0#5$%7 #JJ1L#2%A 19 20% P152/19 1R 20% #77%2g7 67%[ 

Q\P%9A/265% 19 L0#5/2#]J% #L2/^/2/%7 /7 /9L655%A 19 A/5%L2JC 69A%52#N/9$ 20% #L2/^/2/%7 T0/L0 R6520%5 20% L0#5/2C`7 1]_%L2/^%73 #7 T%JJ #7 #9C #771L/#2%A 76PP152 L1727[ 

H5#927 P#C#]J% #5% L0#5$%A /9 20% C%#5 T0%9 20% 1RR%5 /7 =#A% %\L%P2 /9 2017% L#7%7 T0%5% 20% 1RR%5 /7 L19A/2/19#J3 76L0 $5#927 ]%/9$ 5%L1$9/7%A #7 %\P%9A/265% T0%9 20% L19A/2/197 #22#L0/9$ #5% R6JR/JJ%A[ H5#927 1RR%5%A 76]_%L2 21 L19A/2/197 T0/L0 0#^% 912 ]%%9 =%2 #2 20% C%#5 %9A #5% 912%A #7 # L1==/2=%923 ]62 912 #LL56%A #7 %\P%9A/265%[ 

WJJ %\P%9A/265% /7 %\LJ67/^% 1R iW4[ 

## IZb 3$)V&,P- K&T-M $NN-'N $)M M-S%-L&$'&Q) 

4#9$/]J% R/\%A #77%27 #5% L#P/2#J/7%A #9A 5%L1$9/7%A T0%9 R6265% %L191=/L ]%9%R/27 #5% P51]#]J% #9A 20% L172 15 ^#J6% 1R 20% #77%2 L#9 ]% =%#765%A 5%J/#]JC[ 

4#9$/]J% R/\%A #77%27 #5% /9/2/#JJC 5%L1$9/7%A #2 L172[ WR2%5 5%L1$9/2/193 69A%5 20% L172 =1A%J3 2#9$/]J% R/\%A #77%27 #5% =%#765%A #2 L172 J%77 #LL6=6J#2%A A%P5%L/#2/19 #9A #9C #LL6=6J#2%A /=P#/5=%92 J177%7[ WJJ L1727 /9L655%A 21 ]5/9$ # 2#9$/]J% R/\%A #77%2 /921 /27 /92%9A%A T15N/9$ L19A/2/19 7016JA ]% /9LJ6A%A /9 20% =%#765%=%92 1R L172[ 

<%P5%L/#2/19 /7 L0#5$%A 71 #7 21 #JJ1L#2% 20% L172 1R 2#9$/]J% R/\%A #77%27 J%77 20%/5 5%7/A6#J ^#J6% 1^%5 20%/5 %72/=#2%A 67%R6J J/^%73 67/9$ 20% 725#/$02(J/9% =%201A[ 

<%P5%L/#2/19 /7 P51^/A%A 19 20% R1JJ1T/9$ ]#7%7a 

( U%#7%01JA /=P51^%=%927 &) C%#57 725#/$02 J/9% ( "J#92 #9A =#L0/9%5C B C%#57 725#/$02 J/9% ( I/\265%7 #9A R/22/9$7 B C%#57 725#/$02 J/9% 

## IZ0 <)O-N'+-)'N 

I/\%A #77%2 /9^%72=%927 #5% # R15= 1R R/9#9L/#J /97256=%92 #9A #5% /9/2/#JJC 5%L1$9/7%A #2 20%/5 25#97#L2/19 L172 #9A 76]7%V6%92JC =%#765%A #2 R#/5 ^#J6% #2 20% S#J#9L% 70%%2 A#2%3 69J%77 20% ^#J6% L#9912 ]% =%#765%A 5%J/#]JC /9 T0/L0 L#7% /2 /7 =%#765%A #2 L172 J%77 /=P#/5=%92[ >9^%72=%92 $#/97 #9A J177%73 T0%20%5 5%#J/7%A 15 695%#J/7%A3 #5% L1=]/9%A #9A P5%7%92%A #7 hH#/97j@U177%7D 19 /9^%72=%927g /9 20% .2#2%=%92 1R R/9#9L/#J #L2/^/2/%7[ 

"#$% &F 



## 345 65789;<65= "4>8<3>?@5 387A3 

6935A 39 345 E<6>6"<>@ A3>35F563A E98 345 G5>8 56B5B H/ 9"39?58 IJII 

## IZ >LLQ*)'&)V SQP&L&-N [LQ)'&)*-M\ 

## IZa B-,'Q%N 

45#A% #9A 120%5 A%]2157 #5% 5%L1$9/7%A #2 20% 7%22J%=%92 #=1692 #R2%5 #9C 25#A% A/7L1692 1RR%5%A[ "5%P#C=%927 #5% ^#J6%A #2 20% #=1692 P5%P#/A 9%2 1R #9C 25#A% A/7L16927 A6%[ ?19L%77/19#5C J1#97 #5% =%#765%A /9/2/#JJC #2 25#97#L2/19 ^#J6% #9A 76]7%V6%92JC #2 #=152/7%A L172 67/9$ 20% %RR%L2/^% /92%5%72 =%201A[ 

## IZc "$N# $' ,$)W $)M &) #$)M 

?#70 #2 ]#9N #9A /9 0#9A /9LJ6A%7 L#70 #9A 70152(2%5= 0/$0JC J/V6/A /9^%72=%927 T/20 # 70152 =#265/2C 1R 205%% =19207 15 J%77 R51= 20% A#2% 1R #LV6/7/2/19 15 1P%9/9$ 1R 20% A%P17/2 15 7/=/J#5 #LL1692[ 

## IZ1 @&$,&P&'&-N $)M S%QO&N&Q)N 

U/#]/J/2/%7 #5% 5%L1$9/7%A T0%9 20%5% /7 #9 1]J/$#2/19 #2 20% S#J#9L% 70%%2 A#2% #7 # 5%76J2 1R # P#72 %^%923 /2 /7 P51]#]J% 20#2 # 25#97R%5 1R %L191=/L ]%9%R/2 T/JJ ]% 5%V6/5%A /9 7%22J%=%923 #9A 20% #=1692 1R 20% 7%22J%=%92 L#9 ]% %72/=#2%A 5%J/#]JC[ 

U/#]/J/2/%7 #5% 5%L1$9/7%A #2 20% #=1692 20#2 20% L0#5/2C #92/L/P#2%7 /2 T/JJ P#C 21 7%22J% 20% A%]2 15 20% #=1692 /2 0#7 5%L%/^%A #7 #A^#9L%A P#C=%927 R15 20% $11A7 15 7%5^/L%7 /2 =672 P51^/A%[ 

## IZ/J E&)$)L&$P &)N'%*+-)'N 

40% L0#5/2C 19JC 0#7 R/9#9L/#J #77%27 #9A R/9#9L/#J J/#]/J/2/%7 1R # N/9A 20#2 V6#J/RC #7 ]#7/L R/9#9L/#J /97256=%927[ S#7/L R/9#9L/#J /97256=%927 #5% /9/2/#JJC 5%L1$9/7%A #2 25#97#L2/19 ^#J6% #9A 76]7%V6%92JC =%#765%A #2 20%/5 7%22J%=%92 ^#J6% T/20 20% %\L%P2/19 1R ]#9N J1#97 T0/L0 #5% 76]7%V6%92JC =%#765%A #2 #=152/7%A L172 67/9$ 20% %RR%L2/^% /92%5%72 =%201A[ 

## IZ// 9S-%$'&)V P-$N-N 

O%92#J7 P#/A 69A%5 1P%5#2/9$ J%#7%7 #5% L0#5$%A 21 20% .2#2%=%92 1R R/9#9L/#J #L2/^/2/%7 19 # 725#/$02 J/9% ]#7/7 1^%5 20% J%#7% 2%5=[ 

S%9%R/27 5%L%/^%A #9A 5%L%/^#]J% #7 #9 /9L%92/^% 21 7/$9 #9 1P%5#2/9$ J%#7% #5% 5%L1$9/7%A 19 # 725#/$02 J/9% ]#7/7 1^%5 20% J%#7% 2%5=3 69J%77 #9120%5 7C72%=#2/L ]#7/7 /7 5%P5%7%92#2/^% 1R 20% 2/=% P#22%59 1R 20% J%77%%`7 ]%9%R/2 R51= 20% 67% 1R 20% J%#7%A #77%2[ 

## IZ/I E*)M $LLQ*)'&)V 

H%9%5#J R69A7 #5% 695%725/L2%A R69A7 T0/L0 #5% #^#/J#]J% R15 67% #2 20% A/7L5%2/19 1R 20% 45672%%7 /9 R6520%5#9L% 1R 20% $%9%5#J 1]_%L2/^%7 1R 20% L0#5/2C #9A T0/L0 0#^% 912 ]%%9 A%7/$9#2%A R15 120%5 P65P17%7[ 

O%725/L2%A R69A7 #5% R69A7 T0/L0 #5% 21 ]% 67%A /9 #LL15A#9L% T/20 7P%L/R/L 5%725/L2/197 /=P17%A ]C A19157 15 T0/L0 0#^% ]%%9 5#/7%A ]C 20% L0#5/2C R15 P#52/L6J#5 P65P17%7[ 40% L1727 1R 5#/7/9$ #9A #A=/9/72%5/9$ 76L0 R69A7 #5% L0#5$%A #$#/972 20% 7P%L/R/L R69A[ 40% #/= #9A 67% 1R %#L0 5%725/L2%A R69A /7 7%2 162 /9 20% 912%7 21 20% R/9#9L/#J 72#2%=%927[ 

"#$% &B 



## 345 65789;<65= "4>8<3>?@5 387A3 

## 6935A 39 345 E<6>6"<>@ A3>35F563A E98 345 G5>8 56B5B H/ 9"39?58 IJII 

HZ <)LQ+- K%Q+ MQ)$'&Q)N $)M P-V$L&-N 

|<19#2/197<br>H5#927<br><19#2/197<br>H5#927<br>H1^%59=%92 $5#927<br>2Z<br><)LQ+- K%Q+ L#$%&'$,P- $L'&O&'&-N<br>O%92<br>O%92|8-N'%&L'-M<br>K*)MN<br>IJII<br>7)%-N'%&L'-M<br>K*)MN<br>IJII<br>`<br>`<br>')3)FX<br>G&3+*F<br>&)+3&)'<br>(<br>&'+3&B)<br>G&3+*F<br><=+$>?@$=*<br>'()*+<br>,-,.<br>A)>=+$>?@$=*<br>'()*+<br>,-,.<br>/<br>/<br>,72463<br>.7.2.47<br>.,02--3<br>;<br>;<br>,12,61<br>.362466<br>.55236.<br>7)%-N'%&L'-M<br>K*)MN<br>IJII<br>`<br>&3,X&<br>A)>=+$>?@$=*<br>'()*+<br>,-,.<br>/<br>50-|3Q'$P<br>K*)MN<br>IJII<br>`<br>///RbJ2<br>/J2R/JI|
|---|---|---|
|||I/bR0J0|
|||"#$%&<br>'()*+<br>,-,.<br>/<br>.552.54<br>.,02--3<br>,12,61|
|||0,12314|
|||3Q'$P<br>K*)MN<br>IJII<br>`<br>/Rbc/|
|||"#$%&<br>'()*+<br>,-,.<br>/<br>50-|



"#$% &X 



## 345 65789;<65= "4>8<3>?@5 387A3 

|6935A 39 345 E<6>6"<>@ A3>35F563A<br>E98 345 G5>8 56B5B H/ 9"39?58 IJII|||
|---|---|---|
|bZ<br>5TS-)M&'*%- Q) %$&N&)V K*)MN<br>I69A5#/7/9$ L1727<br>I69A5#/7/9$ L1727<br>0Z<br>>)$P(N&N QK V%$)'N<br>K%651N/9%\ ?>?<br>K%651N/9%\ ?>?|A)>=+$>?@$=*<br>'()*+<br>,-,.<br>/<br>,15<br>]%$)'N 'Q<br><)N'&'*'&Q)N<br>IJII<br>`<br>&'X3+G*<br>B>%)$+ $#<br>C)+$?$($?#)+<br>,-,.<br>/<br>.,32-66|3Q'$P<br>K*)MN<br>IJII<br>`<br>^<br>"#$%&<br>'()*+<br>,-,.<br>/<br>,15<br>3Q'$P<br>K*)MN<br>IJII<br>`<br>/IcR21H<br>"#$%&<br>'()*+<br>,-,.<br>/<br>.,32-66|



"#$% &G 



## 345 65789;<65= "4>8<3>?@5 387A3 

## 6935A 39 345 E<6>6"<>@ A3>35F563A E98 345 G5>8 56B5B H/ 9"39?58 IJII 

aZ >)$P(N&N QK -TS-)M&'*%- Q) L#$%&'$,P- $L'&O&'&-N 

## A*++$%( ,( K*)M '(S- 

|H1^%59#9L% L1727<br>?0#5/2#]J% #L2/^/2/%7<br>H1^%59#9L% L1727<br>?0#5/2#]J% #L2/^/2/%7<br>>)$P(N&N QK -TS-)M&'*%- ,( $L'&O&'&-N<br>H1^%59#9L% L1727<br>?0#5/2#]J% #L2/^/2/%7|8-N'%&L'-M<br>K*)MN<br>IJII<br>7)%-N'%&L'-M<br>K*)MN<br>IJII<br>`<br>`<br>(<br>B3B,)<br>&,*3*'X<br>'++3G,+<br>&,*3*'X<br>','3B)+<br><=+$>?@$=*<br>'()*+<br>,-,.<br>A)>=+$>?@$=*<br>'()*+<br>,-,.<br>/<br>/<br>;<br>523--<br>.,024-5<br>,61277,<br>.,024-5<br>,40247,<br>]%$)'<br>K*)M&)V QK<br>$L'&O&'&-N<br>IJII<br>A*SSQ%'<br>LQN'N<br>IJII<br>`<br>`<br>(<br>B3B,)<br>&'X3+G*<br>'FG3BXG<br>&'X3+G*<br>'BB3,*G|3Q'$P<br>IJII<br>`<br>aRabJ<br>H1cRIcI|
|---|---|---|
|||2J0RJHI|
|||"#$%&<br>,-,.<br>/<br>523--<br>3.-2374|
|||3.52674|
|||3Q'$P<br>K*)MN<br>IJII<br>`<br>aRabJ<br>H1cRIcI|
|||2J0RJHI|



cZ >)$P(N&N QK -TS-)M&'*%- ,( $L'&O&'&-N 

"#$% ') 



## 345 65789;<65= "4>8<3>?@5 387A3 

## 6935A 39 345 E<6>6"<>@ A3>35F563A E98 345 G5>8 56B5B H/ 9"39?58 IJII 

## cZ >)$P(N&N QK -TS-)M&'*%- ,( $L'&O&'&-N [LQ)'&)*-M\ 

|H1^%59#9L% L1727<br>?0#5/2#]J% #L2/^/2/%7|B>%)$ '()*?)D #'<br>%@$?E?$?=+<br>,-,.<br>/<br>;<br>.,32-66<br>.,32-66|F(GG#>$ @#+$+<br>,-,.<br>/<br>523--<br>,61205.<br>,40255.|"#$%&<br>'()*+<br>,-,.<br>/<br>523--<br>3.-2374|
|---|---|---|---|
||||3.52674|



## >)$P(N&N QK N*SSQ%' LQN'N 

|O%92<br>S67/9%77 5#2%7<br>>9765#9L%<br>.%5^/L% L0#5$%7<br>O%P#/57 #9A =#/92%9#9L%<br>YRR/L% %\P%97%7<br><%P5%L/#2/19<br>S#9N L0#5$%7<br>45#^%J #9A #LL1==1A#2/19<br>U%$#J #9A P51R%77/19#J R%%7<br>H1^%59#9L% L1727|]QO-%)$)L-<br>LQN'N<br>IJII<br>`<br>(<br>(<br>(<br>(<br>(<br>(<br>(<br>(<br>(<br>(<br>B3B,)<br>B3B,)|"#$%&'$,P-<br>$L'&O&'&-N<br>IJII<br>`<br>&&'3G,F<br>+*,<br>+3+'+<br>'*3+++<br>XBF<br>&3G)X<br>&&*3X&B<br>GB<br>+3FXF<br>B3&+F<br>(<br>'FG3BXG|3Q'$P<br>K*)MN<br>IJII<br>`<br>//IR1b0<br>2Hb<br>2R2I2<br>IHR222<br>ca0<br>/R1Jc<br>//HRc/a<br>1a<br>2R0c0<br>aR/20<br>aRabJ|
|---|---|---|---|
||||IaaRbH1|



"#$% '& 



## 345 65789;<65= "4>8<3>?@5 387A3 

## 6935A 39 345 E<6>6"<>@ A3>35F563A E98 345 G5>8 56B5B H/ 9"39?58 IJII 

## cZ >)$P(N&N QK -TS-)M&'*%- ,( $L'&O&'&-N [LQ)'&)*-M\ 

## >)$P(N&N QK N*SSQ%' LQN'N [LQ)'&)*-M\ 

|B#E=>)%)@=<br>@#+$+<br>,-,.<br>/<br>O%92<br>;<br>S67/9%77 5#2%7<br>;<br>>9765#9L%<br>;<br>.%5^/L% L0#5$%7<br>;<br>O%P#/57 #9A =#/92%9#9L%<br>;<br>YRR/L% %\P%97%7<br>;<br><%P5%L/#2/19<br>;<br>S#9N L0#5$%7<br>;<br>U%$#J #9A P51R%77/19#J R%%7<br>;<br>H1^%59#9L% L1727<br>523--<br>523--<br>1Z<br><)M-S-)M-)' -T$+&)-%CN %-+*)-%$'&Q)<br>I%%7 P#C#]J% 21 20% L0#5/2C`7 /9A%P%9A%92 %\#=/9%5 R15 20% /9A%P%9A%92<br>%\#=/9#2/19 1R 20% L0#5/2C`7 #996#J #LL16927<br>I%%7 P#C#]J% 21 20% L0#5/2C`7 /9A%P%9A%92 %\#=/9%5 /9 5%7P%L2 1Ra<br>WJJ 120%5 7%5^/L%7 912 /9LJ6A%A #]1^%|HI%>?$%J&=<br>%@$?E?$?=+<br>,-,.<br>/<br>.012610<br>307<br>3243.<br>..26.-<br>02476<br>,2771<br>..02001<br>,00<br>.,2,04<br>;<br>,61205.<br>IJII<br>`<br>bR2bJ<br>IRHJJ|"#$%&<br>'()*+<br>,-,.<br>/<br>.012610<br>307<br>3243.<br>..26.-<br>02476<br>,2771<br>..02001<br>,00<br>.,2,04<br>523--|
|---|---|---|
|||,40255.|
|||,-,.<br>/<br>723--<br>,2---|



- /JZ 3%*N'--NC %-+*)-%$'&Q) $)M -TS-)N-N 

<65/9$ 20% C%#53 91 45672%%7 5%L%/^%A #9C 5%=69%5#2/19 15 120%5 ]%9%R/27 8,-,. ; /KCL9[ 

<65/9$ 20% C%#5 %9A%A *& YL21]%5 ')''3 91 %\P%97%7 T%5% 5%/=]657%A 15 P#/A A/5%L2JC 21 20% 45672%%7 8,-,. ; /9/JD[ 

"#$% '' 



## 345 65789;<65= "4>8<3>?@5 387A3 

## 6935A 39 345 E<6>6"<>@ A3>35F563A E98 345 G5>8 56B5B H/ 9"39?58 IJII 

## //Z 3$)V&,P- K&T-M $NN-'N 

|@-$N-#QPM<br>&+S%QO-+-)'N<br>`<br>"QN' Q% O$P*$'&Q)<br>W2 & K1^%=]%5 ')'&<br>aa0RabH<br>WAA/2/197<br>^<br>W2 *& YL21]%5 ')''<br>aa0RabH<br>B-S%-L&$'&Q)<br>W2 & K1^%=]%5 ')'&<br>HaaRcb/<br>?0#5$% R15 20% C%#5<br>aaR0ab<br>W2 *& YL21]%5 ')''<br>2bbRbI0<br>6-' ,QQW O$P*-<br>W2 *& YL21]%5 ')''<br>HI/RIIa<br>M$ 0. N@$#J=> ,-,.<br>04624-,|DP$)' $)M<br>+$L#&)-%(<br>`<br>I/aRI1J<br>2R/H1<br>II/R2I1<br>/2IRHIb<br>H/R/c0<br>/aHRb//<br>2aR1/c<br>532417|E&T'*%-N $)M<br>K&''&)VN<br>`<br>H2R012<br>^<br>H2R012<br>/IR//J<br>2R1b0<br>/aRJ00<br>/aR0Ic<br>,,2763|3Q'$P<br>`<br>/RJIcRaHa<br>2R/H1|
|---|---|---|---|
||||/RJHIRca0|
||||bHIRIc0<br>//HRc/a|
||||020R/JH|
||||Hc0RaaH|
||||341237.|



"#$% '* 



## 345 65789;<65= "4>8<3>?@5 387A3 

## 6935A 39 345 E<6>6"<>@ A3>35F563A E98 345 G5>8 56B5B H/ 9"39?58 IJII 

## /IZ E&T-M $NN-' &)O-N'+-)'N 

|"QN' Q% O$P*$'&Q)<br>W2 & K1^%=]%5 ')'&<br>O%^#J6#2/197<br>45#97R%57 ]%2T%%9 LJ#77%7<br>W2 *& YL21]%5 ')''<br>6-' ,QQW O$P*-<br>W2 *& YL21]%5 ')''<br>M$ 0. N@$#J=> ,-,.|@&N'-M<br>&)O-N'+-)'N<br>`<br>^<br>/ccRIHc<br>I/bR2J0<br>2JHR022<br>2JHR022<br>;|7)P&N'-M<br>&)O-N'+-)'N<br>`<br>I/bR2J0<br>^<br>[I/bR2J0\<br>^<br>^<br>,.723-1|3Q'$P<br>`<br>I/bR2J0<br>/ccRIHc<br>^|
|---|---|---|---|
||||2JHR022|
||||2JHR022|
||||,.723-1|



W7 # 5%76J2 1R 20% %L191=/L LJ/=#2%3 J/72%A 7%L65/2/%7 0%JA #2 *& YL21]%5 ')'' #2 # ^#J6#2/19 1R k+)*3F++ #5% ^#J6%A #2 k*'G3&*' #2 G W6$672 ')'*[ 

## /HZ B-,'Q%N 

|?19L%77/19#5C J1#9<br>B*- X&'#&) Q)- (-$%<br>45#A% A%]2157<br>Y20%5 A%]2157<br>"5%P#C=%927 #9A #LL56%A /9L1=%|IJII<br>`<br>IbRJJJ<br>IJII<br>`<br>bRcHa<br>/aR/bJ<br>HbR11b<br>bcR1cI|,-,.<br>/<br>;|
|---|---|---|
|||,-,.<br>/<br>0243-<br>062446<br>,72100|
||||
|||16275.|



40% L19L%77/19#5C J1#9 1R k',3))) /7 697%L65%A3 /92%5%72 R5%% #9A 5%P#C#]J% 19 'B ;#96#5C ')',[ 

"#$% '+ 



## 345 65789;<65= "4>8<3>?@5 387A3 

## 6935A 39 345 E<6>6"<>@ A3>35F563A E98 345 G5>8 56B5B H/ 9"39?58 IJII 

## /2Z "%-M&'Q%N. >+Q*)'N K$PP&)V M*- X&'#&) Q)- (-$% 

|45#A% L5%A/2157<br>W=16927 1T%A 21 $516P 69A%52#N/9$7<br>Y20%5 L5%A/2157<br>WLL56#J7 #9A A%R%55%A /9L1=%|IJII<br>`<br>b1R//0<br>H0b<br>2RJ20<br>cHRIJJ<br>/20RaIa|,-,.<br>/<br>3127,,<br>017<br>32-31<br>,52110|
|---|---|---|
||||
|||562741|



## /bZ "%-M&'Q%N. >+Q*)'N K$PP&)V M*- $K'-% +Q%- '#$) Q)- (-$% 

Y20%5 L5%A/2157 

|IJII|,-,.|
|---|---|
|`|/|
|/aR02c|,.2143|



## /0Z 9S-%$'&)V P-$N- LQ++&'+-)'N 

W2 *& YL21]%5 ')'' 20% L0#5/2C 0#A L1==/2=%927 21 =#N% R6265% =/9/=6= J%#7% P#C=%927 69A%5 919( L#9L%JJ#]J% 1P%5#2/9$ J%#7%7 #7 R1JJ1T7a 

|K12 J#2%5 20#9 & C%#5<br>U#2%5 20#9 & C%#5 #9A 912 J#2%5 20#9 , C%#57<br>U#2%5 20#9 , C%#57|IJII<br>`<br>/2JR1/J<br>2IaR/01<br>IJRbc/<br>bccR00J|,-,.<br>/<br>.3-24.-<br>7..2.14<br>55234.|
|---|---|---|
||||
|||5,4275-|



"#$% ', 



## 345 65789;<65= "4>8<3>?@5 387A3 

6935A 39 345 E<6>6"<>@ A3>35F563A E98 345 G5>8 56B5B H/ 9"39?58 IJII 

## /aZ A'$'-+-)' QK K*)MN 

A'$'-+-)' QK K*)MN ^ L*%%-)' (-$% 

|7)%-N'%&L'-M<br>K*)MN<br>H%9%5#J I69A7 (<br>#JJ R69A7<br>8-N'%&L'-M<br>K*)MN<br>K%651N/9%\ 8/A7<br>I69A<br>>991^#2/19 I69A<br>O%7%#5L0 I69A<br>S657#5C I69A<br>3Q'$P QK K*)MN|?$P$)L- $' /<br>6QO-+,-%<br>IJI/<br>`<br>0HaRabH<br>bcRaHH<br>HRcJ/<br>HbRH0b<br>^<br>1aRc11<br>aHbR0bI|<)LQ+-<br>`<br>1HRJ/a<br>IRJ0J<br>abJ<br>1aR2cI<br>IHRcac<br>/I2R/aJ<br>I/aR/ca|5TS-)M&'*%-<br>`<br>[IbIRaJ2\<br>[/2RaI/\<br>[/HRaHH\<br>[12R/ab\<br>[HJR011\<br>[/bHRHIc\<br>[2J0RJHI\|3%$)NK-%N<br>&)d[Q*'\<br>`<br>/HR2Hb<br>1RIH2<br>1R/cI<br>[HcR0aI\<br>0RcI/<br>[/HR2Hb\<br>^|]$&)Nd<br>[@QNN-N\<br>`<br>/ccRIHc<br>^<br>^<br>^<br>^<br>^<br>/ccRIHc|?$P$)L- $'<br>H/ 9L'Q,-%<br>IJII<br>`<br>0a1RaH1|
|---|---|---|---|---|---|---|
|||||||bbRHJ0<br>^<br>^<br>^|
|||||||bbRHJ0|
|||||||aHbRJ2b|



"#$% 'F 



## 345 65789;<65= "4>8<3>?@5 387A3 

## 6935A 39 345 E<6>6"<>@ A3>35F563A E98 345 G5>8 56B5B H/ 9"39?58 IJII 

## /aZ A'$'-+-)' QK K*)MN [LQ)'&)*-M\ 

K%651N/9%\ 8/A7 I69A ( 40/7 L#=P#/$9 T#7 7P%L/R/L#JJC 7%2 6P 21 5#/7% R69A7 21 /=PJ%=%92 # 7P%L/#J/7%A K%651N/9%\ "#%A/#25/L "51$5#==% ]#7%A #2 K%651N/9%\ H#2T/LN3 E%72 .677%\[ I69A7 5#/7%A T/JJ ]% 67%A 21 P65L0#7% 7P%L/#/J/7%A P#%A/#25/L 5%0#]/J/2#2/19 %V6/P=%92 #9A P51^/A% P#%A/#25/L 5%0#]/J/2#2/19 25#/9/9$[ 

>991^#2/19 I69A ( 40/7 L#=P#/$9 #/=7 21 /=P51^% #LL%77 21 /991^#2/19 #9A %A6L#2/19 /9 20% 912(R15(P51R/2 ?1==69/2C K%6515%0#]/J/2#2/19 7%L215 ]C 20% P51^/7/19 1R 7P%L/#J/7%A 9%6515%0#]/J/2#2/^% %V6/P=%92 #9A 25#/9/9$ L1657%7[ 

O%7%#5L0 I69A ( 40% ?0#5/2C L1925/]62%7 21 #9A R#L/J/2#2%7 9%651(5%7215#2/^% 5%7%#5L0 P/J127 #9A LJ/9/L#J 25/#J7 1R 9%6517L/%9L% #9A 5%0#]/J/2#2/19 2%L091J1$/%7[ 

S657#5C I69A ( 40% S657#5C #T#5A7 @#T#5A%A ]C 20% S1#5A 1R 45672%%7D 5%0#]/J/2#2/19 P51$5#==%7 21 =%=]%57 1R 20% L1==69/2C[ 40%7% L#9 ]% 7%5^/L%7 P51^/A%A ]C %/20%5 20% ?>?3 15 #9120%5 912(R15(P51R/2 5%0#]/J/2#2/19 P51^/A%5[ 40%7% R69A7 /9LJ6A% # $5#92 1R k*3)B) 5%L%/^%A R51= .P152 Q9$J#9A 21 #77/72 /9 20% P51^/7/19 1R 20/7 7%5^/L%[ 

40% 25#97R%5 1R R69A7 1R kG3'*+ /9 20% P5/15 C%#5 R51= 20% K%651N/9%\ 8/A7 I69A 21 695%725/L2%A R69A7 T#7 25#97R%55%A ]#LN /9 21 20% 5%725/L2%A R69A /9 20% L655%92 C%#5[ 

>9 P5%^/167 C%#573 # 212#J 1R k*X3FB' 0#A ]%%9 25#97R%55%A R51= 695%725L/2%A R69A7 21 20% O%7%#5L0 I69A A6% 21 # 70152R#JJ /9 /9L1=% 1^%5 %\P%9A/265% /9 20% %#5JC C%#57 1R 20% P51_%L2[ 40% 45672%%7 #$5%%A 20#2 k*X3FB' 7016JA ]% 25#97R%55%A ]#LN 21 695%725/L2%A R69A7[ 

40% 25#97R%57 1R R69A7 R51= 20% 695%725/L2%A R69A 1R kF3X'& 21 20% S657#5C I69A #9A kG3&X' 21 20% >991^#2/19 I69A T%5% A6% 21 # 70152R#JJ /9 /9L1=% 1^%5 %\P%9A/265%[ 

"#$% 'B 



## 345 65789;<65= "4>8<3>?@5 387A3 

## 6935A 39 345 E<6>6"<>@ A3>35F563A E98 345 G5>8 56B5B H/ 9"39?58 IJII 

## /aZ A'$'-+-)' QK K*)MN [LQ)'&)*-M\ 

A'$'-+-)' QK K*)MN ^ S%&Q% (-$% 

|7)%-N'%&L'-M<br>K*)MN<br>H%9%5#J I69A7 (<br>#JJ R69A7<br>8-N'%&L'-M<br>K*)MN<br>K%651N/9%\ 8/A7<br>I69A<br>>991^#2/19 I69A<br>O%7%#5L0 I69A<br>S657#5C I69A<br>3Q'$P QK K*)MN|O%&%)@= %$ . K#E=PJ=><br>,-,-<br>/<br>5152404<br>76213-<br>;<br>;<br>;<br>76213-<br>6,12754|C)@#P=<br>/<br>.562,..<br>;<br>.-2---<br>.-321-3<br>032063<br>.362466<br>0,52.44|QRG=)*?$(>=<br>/<br>8,432,.49<br>8724-.9<br>812.449<br>8142,049<br>83,27169<br>8.,024-59<br>83.62.,19|">%)+'=>+<br>?)S8#($9<br>/<br>8.32.569<br>72443<br>;<br>;<br>62.63<br>.32.56<br>;|B%?)+S<br>8L#++=+9<br>/<br>;<br>;<br>;<br>;<br>;<br>;<br>;|O%&%)@= %$ 0. N@$#J=><br>,-,.<br>/<br>1052570|
|---|---|---|---|---|---|---|
|||||||762500<br>026-.<br>072017<br>;|
|||||||452644|
|||||||507217,|



/cZ A*++$%( QK K*)MN A*++$%( QK K*)MN ^ L*%%-)' (-$% 

|H%9%5#J R69A7<br>O%725/L2%A R69A7|?$P$)L- $' /<br>6QO-+,-%<br>IJI/<br>`<br>0HaRabH<br>1aRc11<br>aHbR0bI|<)LQ+-<br>`<br>1HRJ/a<br>/I2R/aJ<br>I/aR/ca|5TS-)M&'*%-<br>`<br>[IbIRaJ2\<br>[/bHRHIc\<br>[2J0RJHI\|3%$)NK-%N<br>&)dQ*'<br>`<br>/HR2Hb<br>[/HR2Hb\<br>^|]$&)Nd<br>[@QNN-N\<br>`<br>/ccRIHc<br>^<br>/ccRIHc|?$P$)L- $'<br>H/ 9L'Q,-%<br>IJII<br>`<br>0a1RaH1<br>bbRHJ0|
|---|---|---|---|---|---|---|
|||||||aHbRJ2b|



"#$% 'X 



## 345 65789;<65= "4>8<3>?@5 387A3 

## 6935A 39 345 E<6>6"<>@ A3>35F563A E98 345 G5>8 56B5B H/ 9"39?58 IJII 

/cZ A*++$%( QK K*)MN [LQ)'&)*-M\ 

A*++$%( QK K*)MN ^ S%&Q% (-$% 

|H%9%5#J R69A7<br>O%725/L2%A R69A7|O%&%)@= %$ . K#E=PJ=><br>,-,-<br>/<br>5152404<br>76213-<br>6,12754|C)@#P=<br>/<br>.562,..<br>.362466<br>0,52.44|QRG=)*?$(>=<br>/<br>8,432,.49<br>8.,024-59<br>83.62.,19|">%)+'=>+<br>?)S#($ /<br>8.32.569<br>.32.56<br>;|O%&%)@= %$ 0. N@$#J=><br>,-,.<br>/<br>1052570<br>452644|
|---|---|---|---|---|---|
||||||507217,|



- /1Z >)$P(N&N QK )-' $NN-'N ,-'X--) K*)MN 

>)$P(N&N QK )-' $NN-'N ,-'X--) K*)MN ^ L*%%-)' (-$% 

|4#9$/]J% R/\%A #77%27<br>I/\%A #77%2 /9^%72=%927<br><%]2157 A6% #R2%5 =15% 20#9 19% C%#5<br>?655%92 #77%27<br>?5%A/2157 A6% T/20/9 19% C%#5<br>?5%A/2157 A6% /9 =15% 20#9 19% C%#5<br>3Q'$P|8-N'%&L'-M<br>K*)MN<br>IJII<br>7)%-N'%&L'-M<br>K*)MN<br>IJII<br>`<br>`<br>*+3,XX<br>*,'3&X,<br>(<br>+)*3F++<br>(<br>',3)))<br>X,3+G&<br>@&3+XXD<br>@F+3BB*D<br>@X&3G,+D<br>(<br>@&B3F+XD<br>,,3*)F<br>FBG3B*G|3Q'$P<br>K*)MN<br>IJII<br>`<br>Hc0RaaH<br>2JHR022<br>IbRJJJ<br>c2RJJH<br>[/20RaIa\<br>[/aR02c\|
|---|---|---|
|||aHbRJ2b|



"#$% 'G 



345 65789;<65= "4>8<3>?@5 387A3 

## 6935A 39 345 E<6>6"<>@ A3>35F563A E98 345 G5>8 56B5B H/ 9"39?58 IJII 

## /1Z >)$P(N&N QK )-' $NN-'N ,-'X--) K*)MN [LQ)'&)*-M\ 

## >)$P(N&N QK )-' $NN-'N ,-'X--) K*)MN ^ S%&Q% (-$% 

|4#9$/]J% R/\%A #77%27<br>I/\%A #77%2 /9^%72=%927<br>?655%92 #77%27<br>?5%A/2157 A6% T/20/9 19% C%#5<br>?5%A/2157 A6% /9 =15% 20#9 19% C%#5<br>3Q'$P|<=+$>?@$=*<br>'()*+<br>,-,.<br>/<br>3,2067<br>;<br>7727.3<br>;<br>;<br>452644|A)>=+$>?@$=*<br>'()*+<br>,-,.<br>/<br>3732-11<br>,.723-1<br>16275.<br>85627419<br>8,.21439<br>1052570|"#$%&<br>'()*+<br>,-,.<br>/<br>341237.<br>,.723-1<br>.,32-67<br>85627419<br>8,.21439<br>507217,|
|---|---|---|---|



## IJZ 8-P$'-M S$%'( '%$)N$L'&Q)N 

<65/9$ 20% C%#53 20% ?0#5/2C 5%L%/^%A kB)3XGG @')'&a kK/JD A19#2/197 #9A 5%92#J /9L1=% 1R k&3,X& @')'&a kB*)D R51= K%651N/9%\ ?>?3 # L1=P#9C /9 T0/L0 # 25672%% 0#7 7/$9/R/L#92 /9RJ6%9L%[ 40%5% T#7 91 =1^%=%92 19 20% L19L%77/19#5C J1#9 1R k',3))) T0/L0 20% ?0#5/2C P51^/A%A 21 20% L1=P#9C /9 ')&B[ O%R%5 21 912% &* R15 R6520%5 A%2#/J7[ 40% ?0#5/2C P#/A $5#927 21 20% L1=P#9C #=1692/9$ 21 k&'X3+G* @')'&a k&'+3)XXD /9 5%7P%L2 1R L1925/]62/197 21 1P%5#2/9$ L1727[ W2 20% C%#5 %9A3 20% ?0#5/2C T#7 1T%A k,3X*B @')'&a k*3G+)D R51= K%651N/9%\ ?>? #9A 20% ?0#5/2C 1T%A kF&3'B* @')'&a k9/JD 21 K%651N/9%\ ?>?[ 

## I/Z "Q)'%QPP&)V S$%'( 

40%5% T#7 91 6J2/=#2% L19251JJ/9$ P#52C A65/9$ 15 #2 20% C%#5 %9A[ 

"#$% *) 

