
DoC_2014-12-12_A4_0090317x_BAS 317 Precision p. 1
GGH'HXWVFK.21)250,776(5./581*
:LUHUNO¦UHQLQDOOHLQLJHU9HUDQWZRUWOLFKNHLW'LHVH%DQGV¦JHLGHQWLIL]LHUWGXUFK7\SHXQG6HULHQQXPPHU
HQWVSULFKWDOOHQHLQVFKO¦JLJHQ%HVWLPPXQJHQGHU5LFKWOLQLHQXQG1RUPHQ3U¾IEHULFKW
$XVVWHOOHQGH3U¾IVWHOOH7HFKQLVFKH8QWHUODJHQEHLVLHKHXQWHQ
HHQ(QJOLVK'(&/$5$7,212)&21)250,7<
:HGHFODUHXQGHURXUVROHUHVSRQVLELOLW\7KLVEDQGVDZLGHQWLILHGE\W\SHDQGVHULDOQXPEHU
FRPSOLHVZLWKDOOUHOHYDQWUHTXLUHPHQWVRIWKHGLUHFWLYHVDQGVWDQGDUGV7HVWUHSRUW
,VVXLQJWHVWERG\7HFKQLFDOILOHDWVHHEHORZ
IIU)UDQ©DLV'&/$5$7,21'(&21)250,7
1RXVG«FODURQVVRXVQRWUHVHXOHUHVSRQVDELOLW«&HWWHVFLH¢UXEDQLGHQWLIL«HSDUOHW\SHHWOH
QXP«URGHV«ULHHVWFRQIRUPH¢WRXWHVOHVSUHVFULSWLRQVDSSOLFDEOHVGHVGLUHFWLYHVHWQRUPHV
&RPSWHUHQGXGHVVDL2UJDQLVPHGHFRQWU¶OH'RFXPHQWVWHFKQLTXHVSRXUYRLUFLGHVVRXV
QQO1HGHUODQGV&21)250,7(,769(5./$5,1*
:LMYHUNODUHQRSHLJHQHQXLWVOXLWHQGHYHUDQWZRRUGLQJ'H]HOLQW]DDJJH±GHQWLILFHHUGGRRUW\SHHQ
VHULHQXPPHUYROGRHWDDQDOOHUHOHYDQWHEHSDOLQJHQYDQGHULFKWOLMQHQHQQRUPHQ
7HVWUDSSRUW8LWYRHUHQGHNHXULQJVLQVWDQWLH7HFKQLVFKHGRFXPHQWDWLHELM]LHRQGHU
LLW,WDOLDQR',&+,$5$=,21(',&21)250,7
'LFKLDULDPRVRWWRODQRVWUDFRPSOHWDUHVSRQVDELOLW¢/DSUHVHQWHVHJDDQDVWURLGHQWLILFDWDGDOPRGHOORH
GDOQXPHURGLVHULHªFRQIRUPHDWXWWHOHGLVSRVL]LRQLSHUWLQHQWLGHOOHGLUHWWLYHHGHOOHQRUPH
5HOD]LRQHGLSURYD&HQWURSURYHVRWWRVFULWWR'RFXPHQWD]LRQHWHFQLFDSUHVVRYHGLVRWWR
HHV(VSD³RO'(&/$5$&,1'(&21)250,'$'
'HFODUDPRVFRQUHVSRQVDELOLGDGSURSLD(VWDVLHUUDGHFLQWDLGHQWLILFDGDSRUWLSR\Q¼PHURGHVHULH
FRUUHVSRQGHDODVGLVSRVLFLRQHVFRUUHVSRQGLHQWHVGHODVGLUHFWLYDV\GHODVQRUPDV,QIRUPHGH
ODSUXHED2ILFLQDTXHH[SLGHHOFHUWLILFDGR'RFXPHQWDFLµQW«FQLFDFRQYHUDEDMR
SSW3RUWXJX¬V'(&/$5$2'(&21)250,'$'(
'HFODUDPRVVREQRVVDUHVSRQVDELOLGDGH(VWDVHUUDGHILWDLGHQWLILFDGDSHORWLSRHQ¼PHURGHV«ULH
HVW£HPFRQIRUPLGDGHFRPWRGDVDVGLVSRVL©·HVDSOLF£YHLVGDV'LUHFWLYDVH1RUPDV
5HODWµULRGHLQVSHF©¥RUJ¥RGHLQVSHF©¥RFRPSHWHQWH'RFXPHQWD©·HVW«FQLFDVMXQWRDR
YLGHDEDL[R
VVY66YHQVND&(9(5(166700(/6(,17<*
9LLQW\JDUDWWYLWDUDQVYDUI¸UDWWEDQGV§JHQPHGI¸OMDQGHW\SRFKVHULHQXPPHUXSSI\OOHUNUDYHQL
DOODJ¦OODQGHGLUHNWLYRFKVWDQGDUGHU3URYQLQJVXWO§WDQGH8WI¦UGDQGHSURYQLQJVDQVWDOW
0HGI¸OMDQGHWHNQLVNGRNXPHQWDWLRQVHQHGDQ
IIL6XRPL9$$7,0867(108.$,68869$.88786
9DNXXWDPPH\NVLQRPDLVHOODYDVWXXOODPPH7¦P¦YDQQHVDKDPHUNLWW\W\\SSLWXQQXNVHOODMD
VDUMDQXPHUROODYDVWDDGLUHNWLLYLHQMDQRUPLHQNDLNNLDDVLDDQN
7DUNDVWXVNHUWRPXV9DOWXXWHWWXWDUNDVWXVODLWRV7HNQLVWHQDVLDNLUMRMHQV¦LO\W\VSDLNND
QQR1RUVN6$069$56(5./5,1*
9LHUNO¨UHUXQGHUHJHWDQVYDU'HQQHE§QGVDJHQLGHQWLILVHUWJMHQQRPW\SHRJVHULHQXPPHU
WLOVYDUHUDOOHJMHOGHQGHEHVWHPPHOVHULGLUHNWLYHQHRJVWDQGDUGHQH3UºYHUDSSRUW
$QVYDUOLJNRQWUROOLQVWDQV7HNQLVNHGRNXPHQWHUYHGVHQHGHQIRU
GGD'DQVN29(5(1667(00(/6(6(5./5,1*
9LHUNO¨UHUXQGHUDOPLQGHOLJWDQVYDU'HQQHE§QGVDYLGHQWLILFHUHWYHGDQJLYHOVHDIW\SHRJ
VHULHQXPPHURSI\OGHUDOOHUHOHYDQWHEHVWHPPHOVHULGLUHNWLYHUQHRJVWDQGDUGHUQH
.RQWUROUDSSRUW8GVWHGHQGHNRQWURORUJDQ7HNQLVNGRVVLHUYHGVHQHGHQIRU
SSO3ROVVNL'(./$5$&-$=*2'12Ĝ&,
2ĝZLDGF]DP\QDZĄDVQÇRGSRZLHG]LDOQRĝÉ7DSLODUNDWDĝPRZDR]QDF]RQDW\SHPL
QXPHUHPVHU\MQ\PVSHĄQLDZV]\VWNLHRERZLÇ]XMÇFHZ\PRJLG\UHNW\ZLQRUP
6SUDZR]GDQLH]WHVWX8U]ÇGZ\VWDZLDMÇF\VSUDZR]GDQLH]WHVWX'RNXPHQWDFMDWHFKQLF]QD
SDWU]SRQLľHM
HHO˃˃˨˨ˤ˪˦˧˙˂˂˅ˉ˖ː˅ˎˎˇːˑˍˑ˅ˑʿː
˂ˤ˨˻˪ˬ˲˩ˢ˩ˢ˦ˡ˜˞ˢ˲˥˺˪ˤʿ˲˱˛ˤ˭ˮ˦ˬ˪ˬ˧ˬˮˡ˚˨˞˭ˬ˲˞˪˞ˠ˪˶ˮ˜ˣˢ˱˞˦˩˚˰˶˱˺˭ˬ˲˧˞˦˞ˮ˦˥˩ˬ˺˰ˢ˦ˮ˙˯
˞˪˱˞˭ˬ˧ˮ˜˪ˢ˱˞˦˰ˢ˹˨ˢ˯˱˦˯˰˴ˢ˱˦˧˚˯ˡ˦˞˱˙˫ˢ˦˯˱˶˪ˬˡˤˠ˦˻˪˧˞˦˱˶˪˭ˮˬ˱˺˭˶˪
ʸ˧˥ˢ˰ˤˢ˨˚˴ˬ˲˃˧ˡ˜ˡˬ˲˰˞˲˭ˤˮˢ˰˜˞ˢ˨˚ˠ˴ˬ˲ˑˢ˴˪˦˧˙˚ˠˠˮ˞˳˞˰˱ˬ˟˨˚˭ˢ˧˞˱˶˱˚ˮ˶