PEF Annual Report 2011

8/2/2019 PEF Annual Report 2011

1/23

Irnie Mlwlfoxkle} Jiea

:899

XOWLZ]^ IEMLEWNZOEKLE] G\EMIee|if Zlxoz}

ZRLR


2/23

]ijfl og Boe}le}r

N% Ne}zom|b}noe %%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%2NN% Lncd} Bi}if~}nb ^lizr og }dl Xowlz}~ Lewnzoekle} G|em %%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%2NNN% O|}x|}r og Kiner}zliknec Lewnzoekle} goz Xowlz}~ Zlm|b}noe %%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%7

I% O|}x|} 90 Lewnzoekle} kiner}zliknec i} }dl bo|e}z~ flwlf %%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%7J% O|}x|} :0 R|jxzo`lb} nkxflkle}i}noe %%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%98B% O|}x|} 20 Aeosflmcl bix}|zl iem mnrrlknei}noe %%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%9=M% O|}x|} =0 ]I kieiclkle} iem imknenr}zi}noe %%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%97

NW% Boebf|rnoe %%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%94Ieelt 90 XLX ]lbdenbif Irrnr}iebl Bokxfl}noe Zlxoz}%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%% :8Ieelt :0 R}i}|r og Czie}%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%% :2

:


3/23

N% Ne}zom|b}noe

9% ]dnr xzoczlrr zlxoz} mlrbznjlr }dl nkxflkle}i}noe xzoczlrr iem ibdnlwlkle}r og }dlXowlz}~ iem Lewnzoekle} G|em $XLG. ne :899% ]dl zlxoz} sir xzlxizlm j~ }dlLewnzoekle} iem Riglc|izmr Mnwnrnoe + Zlcnoeif iem R|r}ineijfl Mlwlfoxkle}

Mlxiz}kle} $ZRLR+ZRMM.%

:% ]dl }o}if boe}znj|}noe bokkn}}lm }o XLG r}iemr i} izo|em \R-4%7 knffnoe ly|nwifle}\R- knffnoe nebf|mnec nebokl gzoknewlr}kle}r& ne}lzlr} lizenecr iem ciner oz forrlr gzok bdiecl ne wif|l og b|zzleb~%

NN% Lncd} Bi}if~}nb lizr og }dl Xowlz}~ Lewnzoekle} G|em

2% Ibblflzi}lm Flizenec $:88=+:884.0 ]dl Xowlz}~ Lewnzoekle} Xzoczik $XLX.& }dl gnzr}zlcnoeif }lbdenbif irrnr}iebl $ZL]I. g|emlm |emlz XLG& sir ixxzowlm ne :882 iem jl+cie nkxflkle}i}noe ne :88=% I} }dl }nkl& IMJr lewnzoekle}if flemnec sir soz}d -28: knffnoe& XLX xznkiznf~ gob|rlm oe nkxflkle}necr|jxzo`lb}r ne }dzll }dlki}nb izlir $n%l% r|r}ineijfl |rl og ei}|zif zlro|zblr& zlm|b}noeog inz iem si}lz xoff|}noe& iem w|felzijnfn}~ zlm|b}noe.& lr}ijfnrdnec }dl Xowlz}~ Lewnzoe+kle} $XL. El} sljrn}l& iem bix}|znec iem mnrrlknei}nec aeosflmcl oe xowlz}~+lewnzoe+kle} fneaiclr%

R|jxzo`lb}r0 ]dl nkxflkle}i}noe og 9< r|jxzo`lb}r $9: xnfo} ne}lzwle}noer& : ieif~}nbifr}|mnlr& iem 9 negozki}noe mnrrlknei}noe. rdoslm dos fobif ib}noer bie flim }or|r}ineijfl jlelgn}r ne xowlz}~ zlm|b}noe& sdnfl rnk|f}ielo|rf~ nkxzownec }dllewnzoekle}% ]dl~ ifro xzownmlm oxxoz}|en}nlr }o mlkoer}zi}l }di} bokk|en}~+jirlmlewnzoekle}if kieiclkle} ixxzoibdlr bie jl rbiflm+|x }o negf|lebl }dlkiner}zliknec og lewnzoekle}if irxlb}r ne}o IMJr j|rnelrr xzoblrrlr%

Aeosflmcl xzom|b}r0 ]dl x|jfnbi}noe& Ei}|zl iem E|z}|zl0 Xowlz}~ iem Lewnzoekle} neIrni iem }dl Xibngnb& bokxnflm iem r~e}dlrnplm }dl ltxlznlebl iem flrroer flizelm gzokr|jxzo`lb} nkxflkle}i}noe }dzo|cd }dl xzlrle}i}noe og birl r}|mnlr% I rl} ogmob|kle}iz~ gnfkr oe rlflb}lm XLX r|jxzo`lb}r sir ifro xzlxizlm }o dncdfncd} }dl

nkxoz}ie} flrroer gzok XLX r|jxzo`lb}r ne immzlrrnec xowlz}~ iem lewnzoekle} nrr|lri} }dl fobif flwlf%

R|xxoz} }o }dl Xowlz}~ Lewnzoekle} Xiz}elzrdnx0 ]dl XL El} sljrn}l$sss%xowlz}~lewnzoekle}%el}. sir lr}ijfnrdlm }o bokxnfl xzoknrnec xzib}nblr gzokizo|em }dl sozfm iem dlfxlm r|xxoz} }dl Xowlz}~ Lewnzoekle} Xiz}elzrdnxr: soza oe

9 IMJ% :88:& Eowlkjlz% Lewnzoekle} Xofnb~% Kienfi%:]dl Xowlz}~ Lewnzoekle} Xiz}elzrdnx sir lr}ijfnrdlm ne :889 ir ie negozkif el}soza og xzib}n}noelzr gzokmlwlfoxkle} iclebnlr iem eoecowlzekle} ozcienpi}noer sozanec oe xowlz}~ zlm|b}noe iem }dl lewnzoekle}% ]dl

2
http://www.povertyenvironment.net/http://www.povertyenvironment.net/


4/23

aeosflmcl kieiclkle} iem ltbdiecl og negozki}noe% Ne :884& XLX ifro bo+ozcienplm}dl 92}d Xowlz}~ Lewnzoekle} Xiz}elzrdnx Kll}nec ne IMJ& sdlzl flrroer flizelm gzok}dl r|jxzo`lb}r slzl rdizlm%

t nebzlirl rnebl :88=.& sn}d :7 foier iem czie}r diw+nec ie LR gob|r $i =t nebzlirl.%

7% Lewnzoekle}if Kiner}zliknec $:88>+:899.0 ]dl rlboem ZL]I jlnec nkxflkle}lm |e+mlz XLG nr Kiner}zliknec Lewnzoekle} goz Xowlz}~ Zlm|b}noe $KLXZ.% Sn}d }dl czo|em+soza og lr}ijfnrdnec xowlz}~+lewnzoekle} fneaiclr ifzlim~ finm j~ XLX& }dnr rlboemxdirl ltxiemlm }dl rboxl og ib}nwn}nlr% Kor} eo}ijf~& n} oxlelm els oxxoz}|en}nlr gozkiner}zliknec lewnzoekle}if boernmlzi}noer ne}o IMJ oxlzi}noer iem j|rnelrr xzo+blrrlr& ne immn}noe }o boe}ne|lm r|xxoz} goz r|jxzo`lb}r iem aeosflmcl mlwlfoxkle} oexowlz}~+lewnzoekle} fneaiclr%

Lewnzoekle} kiner}zliknec0 Ir i els gli}|zl& }dl ZL]I g|emlm fobiff~+zlbz|n}lm boe+r|f}ie}r ne rnt og }dl rlwle xiz}nbnxi}nec zlrnmle} knrrnoer $ZKr.= }o imm |xr}zlik lewn+zoekle}if bixibn}~ }di} kncd} o}dlzsnrl jl fizclf~ oz bokxfl}lf~ fibanec ne }dlrl ZKr%& owlz 28 xzoxorifrdiwl jlle zlwnlslm& sn}d 9< lwle}|iff~ rlflb}lm goz nkxflkle}i}noe% ]ocl}dlz& }dlrlr|jxzo`lb}r izl soz}d elizf~ -2%2 knffnoe& sn}d ijo|} -:%7 knffnoe og KLXZ g|emnec

$ijo|} -9 knffnoe og sdnbd izl goz r|jxzo`lb}r mlwlfoxlm iem nkxflkle}lm j~ }dl ZKr.%

Aeosflmcl bix}|zl iem mnrrlknei}noe% ]dl XL El} sljrn}l }di} sir lr}ijfnrdlm |emlz}dl ]I eo} oef~ boe}ne|lr }o rlzwl ir i klmn|k og bokk|enbi}noe ikoec }dl klkjlzrog }dl Xowlz}~ Lewnzoekle} Xiz}elzrdnx& n} dir ifro jlbokl i xznkiz~ aeosflmcl zlxorn+}oz~ og xowlz}~+lewnzoekle} mob|kle}r cfojiff~% KLXZ nr ifro r|xxoz}nec lncd} ieif~}n+bif r}|mnlr oe xowlz}~+lewnzoekle}if fneaiclr% I aeosflmcl xzom|b} snff jl mlwlfoxlm i}}dl lem og }dl ZL]I }di} snff r~e}dlrnpl flrroer flizelm%

3% Sdnfl KLXZ dir jlle imwiebnec IMJr lewnzoekle} iclemi owlz }dl xir} }dzll ~lizr&IMJr owlziff lewnzoekle} xzoczik dir czose r|jr}ie}niff~% ]dl ixxzowif og IMJrFoec+]lzk R}zi}lcnb Gziklsoza $R}zi}lc~ :8:8. ne Ixznf :884 g|z}dlz mlkoer}zi}lm

Xiz}elzrdnx sir rl} |x }o nkxzowl boozmnei}noe iem boffijozi}noe ikoec ozcienpi}noer sozanec oe xowlz}~ zlm|b}noeiem }dl lewnzoekle}& j|nfm i boerler|r oe xowlz}~+lewnzoekle} fneaiclr& iem zlwnls }dl ib}nwn}nlr og mlwlfoxkle}iclebnlr }o j|nfm oe bokkoe }dlklr iem immzlrr cixr ne aeosflmcl%2 ]dnr zlglzr }o }dl xd~rnbif bokxfl}noe og }dl ZL]I% ]dl ZL]I sir gneiebniff~ bforlm ne Kizbd :898%= ]dlrl zlrnmle} knrrnoer izl0 Jiecfimlrd $JZK.& Fio XMZ $FZK.& Koecofni $KEZK.& Xianr}ie $XZK.& XloxflrZlx|jfnb og Bdnei $XZBK.& iem Wnl} Eik $WZK.% ]dl zlrnmle} knrrnoe ne Nemni $NEZK. ifzlim~ dir ie Lewnzoekle}Rxlbnifnr} oe joizm ir i zlc|fiz IMJ r}igg%< ]so og }dlrl lewnzoekle} rxlbnifnr}r diwl rnebl jlbokl r}igg& oel ne IMJ dlimy|iz}lzr iem }dl o}dlz ne }dlJiecfimlrd ZK%

=


5/23

IMJr czosnec zlbocen}noe og }dl fneaiclr jl}slle lewnzoekle}if r|r}ineijnfn}~ iemxowlz}~% R}zi}lc~ :8:8 nmle}ngnlm lewnzoekle}iff~ r|r}ineijfl czos}d ir oel og }dl kinebokxflkle}iz~ mlwlfoxkle} iclemir og IMJ iem lr}ijfnrdlm }dl lewnzoekle} ir oelog }dl al~ oxlzi}noeif izlir% Ir i bfliz nemnbi}noe og IMJr lkxdirnr oe lewnzoekle}&flemnec goz lewnzoekle}if xzo`lb}r dir znrle r}limnf~ gzok :884 oesizmr& zlibdneczlbozm flwlfr ne :899 $rll xiziczixd 97 jlfos.%

4% Ifoec sn}d nebzlirlm flemnec flwlfr goz lewnzoekle} xzo`lb}r& kozl lewnzoekle}rxlbnifnr}r slzl immlm }o IMJ& ifoec sn}d nebzlirlm zlbocen}noe og }dl wif|l og xfibneclewnzoekle} rxlbnifnr}r ne }dl ZKr $i }zlem r|xxoz}lm j~ KLXZ.% Ne @|f~ :88>& IMJixxzowlm n}r Riglc|izm Xofnb~ R}i}lkle}& sdnbd nemnbi}lr }di}& sdlzl ixxzoxzni}l&xznozn}~ }o nebzlirl r}igg bixibn}~ bie jl cnwle }o ZKr%7 Ne :899& }dl e|kjlz oglewnzoekle} rxlbnifnr}r }dzo|cdo|} IMJ zorl }o =< xzoglrrnoeifr& |x gzok 2= ne :88>&3

sn}d gnwl og }dlrl r}i}noelm ne mngglzle} ZKr%

>% Rbifnec \x $:89:+:8:8.0 Fooanec idlim& IMJ snff boe}ne|l }o x|zr|l }dl oj`lb}nwlr lr+}ijfnrdlm |emlz R}zi}lc~ :8:8 zlm|bnec xowlz}~ ne }dl zlcnoe sdnfl xzoko}nec lewnzoe+kle}iff~ r|r}ineijfl czos}d& nebf|mnec kll}nec }dl bfnki}l bdiecl bdifflecl% ]dl zlble}

x|jfnbi}noe& Lewnzoekle} Xzoczik0 Czllenec Czos}d ne Irni iem }dl Xibngnb& xzlrle}r ireixrdo} og }dl IMJr lewnzoekle}if r}zi}lcnlr& xzoczikr& nen}ni}nwlr& iem xiz}elzrdnxr&iem ifro xzlwnlsr IMJr r}zi}lcnlr }o r}zlec}dle n}r oxlzi}noeif lkxdirnr oe }dllewnzoekle}& nebf|mnec bfnki}l bdiecl& }di} so|fm dlfx zlifnpl czlle czos}d ne Irni iem}dl Xibngnb%

98% Ne g|z}dlz x|zr|n} og }dnr iclemi& IMJ nr ne }dl xzoblrr og gneifnpnec n}r Lewnzoekle}Oxlzi}noeif Mnzlb}noer $LOM. goz :89:+:8:8& sdnbd snff xzownml IMJ r}igg sn}d ieoxlzi}noeif gziklsoza }di} bie dlfx c|nml }dl mlwlfoxkle} og bo|e}z~ xiz}elzrdnxr}zi}lcnlr& newlr}kle} xzo`lb}r iem irrobni}lm }lbdenbif irrnr}iebl ib}nwn}nlr%4

99% Ne }dnr owlziff lggoz}& IMJ snff mzis oe n}r lt}lernwl ltxlznlebl ne }dl lelzc~& }zierxoz}&

|zjie& si}lz& icznb|f}|zl iem ei}|zif zlro|zblr rlb}ozr& }o co g|z}dlz ne dlfxnec n}rmlwlfoxnec klkjlz bo|e}znlr $MKBr. rdng} }osizm czlle czos}d iem kozl zlrnfnle}mlwlfoxkle}&> xzoko}l ne}lczi}lm ixxzoibdlr }o lewnzoekle}if bdiffleclr& iem mlwlfoxoz r}zlec}dle zlcnoeif xzoczikr iem xfi}gozkr% IMJr els x|jfnbi}noe sn}d \ELRBIXiem \ELX& Czlle Czos}d& Zlro|zblr& iem Zlrnfnlebl xzownmlr wif|ijfl c|nmiebl }oxofnb~kialzr iem o}dlz r}ialdofmlzr oe dos }o kial r|bd i rdng} j~ jznecnec lboeoknbczos}d r}zi}lcnlr ne bforlz ifncekle} sn}d }dl oj`lb}nwl og r|r}ineijfl mlwlfoxkle}% ]dnrczlle czos}d iclemi nr cinenec rncengnbie} kokle}|k ne }dl flim|x }o }dl \en}lmEi}noer Boeglzlebl oe R|r}ineijfl Mlwlfoxkle} $oz Zno !:8.%

9:% ]o kll} }dl ellmr og MKBr& nebf|mnec }znffnoer og moffizr zly|nzlm ne }dl zlcnoe goz elsczlle newlr}kle}r&98 }dlzl nr eos i ellm goz ie |xrbifnec xdirl }o ltxiem ib}nwn}nlr }di}

snff xzoko}l czlle czos}d& nebf|mnec immzlrrnec bfnki}l bdiecl& ibzorr }dl zlcnoe% Immn+

7 IMJ% :88>% Riglc|izm Xofnb~ R}i}lkle}% Kienfi%3 Njnm%4 IMJ oxlzi}noer oe lewnzoekle} snff jl c|nmlm j~ }dzll k|}|iff~+r|xxoz}nwl oxlzi}noeif mnzlb}noer0 $n. xzoko}nec}ziern}noer }o r|r}ineijfl negzir}z|b}|zl1 $nn. nkxzownec ei}|zif zlro|zbl kieiclkle} iem kine}inenec lbor~r}lk ne+}lczn}~1 iem $nnn. j|nfmnec ro|em lewnzoekle}if cowlzeiebl iem kieiclkle} bixibn}nlr $bzorr+b|}}nec.%> Oel og }dl }dlklr og }dl |xboknec $@|el :8+::& :89:. \en}lm Ei}noer Boeglzlebl oe R|r}ineijfl Mlwlfoxkle}$Zno!:8. nr i czlle lboeok~ ne }dl boe}lt} og r|r}ineijfl mlwlfoxkle} iem xowlz}~ lzimnbi}noe%


6/23

}noeif zlro|zblr izl ne r}zoec mlkiem gzok MKBr }o kll} }dlrl bdiffleclr& ir rdosej~ ie nebzlirnec e|kjlz og zly|lr}r gzok zlcnoeif mlxiz}kle}r iem zlrnmle} knrrnoer%

NNN% O|}x|}r og Kiner}zliknec Lewnzoekle} goz Xowlz}~ Zlm|b}noe

92% KLXZ dir go|z kine o|}x|}r& ir goffosr0 $n. nebzlirlm lewnzoekle} bixibn}~ ne zlrnmle}knrrnoer $}o xzoko}l lewnzoekle} kiner}zliknec.1 $nn. r|jxzo`lb} ne}lzwle}noerr|xxoz}nec xowlz}~ zlm|b}noe iem nkxzowlkle} ne fnwnec boemn}noer izl r|bblrrg|ff~nkxflkle}lm1 $nnn. aeosflmcl oe xowlz}~+lewnzoekle} fneaiclr bix}|zlm iemmnrrlknei}lm1 iem $nw. imly|i}l kieiclkle} iem imknenr}zi}noe og }dl ]I nr ne xfibl%Libd og }dlrl o|}x|}r izl mnrb|rrlm ne }dl r|jrlb}noer jlfos%

I% O|}x|} 90 Lewnzoekle} kiner}zliknec i} }dl bo|e}z~ flwlf

9=% Ir rdose ne ]ijfl 9& KLXZ nr lirnf~ kll}nec n}r }izcl}r goz nebzlirnec lewnzoekle}if bi+xibn}~ ne ZKr }dzo|cd nebzlirlm lewnzoekle}if kiner}zliknec% Ne :899& }dl KLXZ+g|emlm le+

wnzoekle}if rxlbnifnr}r jirlm ne }dl ZKr boe}ne|lm }dlnz soza ne xzoko}nec lewnzoekle}if kine+r}zliknec% Kozl negozki}noe oe }dlnz soza nr xzlrle}lm jlfos%

]ijfl 90 Xlzgozkiebl ]izcl}r goz KLXZ O|}x|} 9

Xlzgozkiebl]izcl}r/Nemnbi}ozr

R}i}|r iem KLXZ R|xxoz}

I} flir} :8, iee|if nebzlirlne iko|e} iem e|kjlz ogxzo`lb}r sn}d lewnzoekle}ifoj`lb}nwlr oz lflkle}r%

Ne :899& IMJ#r zlibdlm n}r dncdlr} flwlf og xzo`lb}r sn}d lewnzoekle}if r|r+}ineijnfn}~ ir i }dlkl $jo}d ne }lzkr og e|kjlz og xzo`lb}r iem iko|e}.%]dl xzoxoz}noe og r|bd xzo`lb}r }o IMJr }o}if flemnec xoz}gofno sir =2,gzok :88> }o :899& lirnf~ r|zxirrnec n}r 2+~liz zoffnec iwlzicl }izcl} og:


7/23

=. Mikicl Ellmr Irrlrrkle} $Xianr}ie.


8/23

r|jzlcnoer& xzo`lb} xzlxizi}noe& iem xofnb~ iem imwnroz~ ib}nwn}nlr% Xzo`lb}r diwl ifroczli}f~ dlfxlm ne ne}lerng~nec }dl lggoz}r og MKBr }o immzlrr bfnki}l bdiecl%

94% N} nr soz}d eo}nec }di}& og }dl xzo`lb}r ixxzowlm ne :899 sn}d LR ir i }dlkl& =8 slzlmlwlfoxlm ne }dl rlwle ZKr }di} izl xiz} og KLXZ $9= ne XZB1 9= ne Nemni1 = neJiecfimlrd1 = ne Wnl} Eik1 : ne Fio XMZ1 iem : ne Xianr}ie.% Ne }o}if& xzo`lb}r ixxzowlm

ne }dlrl rlwle ZKr ibbo|e}lm goz ijo|} 74, og }dl }o}if LR+}dlklm xzo`lb}r ne :899% Ne:89:& }dl Lewnzoekle} Rxlbnifnr}r snff boe}ne|l }o r}i~ j|r~& xzownmnec r|xxoz} }omlwlfox foie iem ]I xzo`lb}r iem ler|znec }di} ltnr}nec IMJ xzo`lb}r boegozk }o IMJrlewnzoekle}if riglc|izmr xofnbnlr iem zly|nzlkle}r%

8

98

:8

28

=8

% Xzoko}nec bo|e}z~ lewnzoekle}if ieif~rnr% Ne :899& IMJ r}lxxlm |x n}r lggoz}r |emlzKLXZ }o r}zlec}dle }dl y|ifn}~ og lewnzoekle}if nex|}r ne}o }dl Bo|e}z~ Xiz}elzrdnxR}zi}lc~ $BXR. xzoblrr& ir slff ir rlb}oz iem }dlki}nb irrlrrkle}r% ]dnr nr ienkxoz}ie} gli}|zl og }dl ZL]I cnwle }di} Bo|e}z~ Lewnzoekle}if Ieif~rlr $BLIr. 9< izleos |emlz}iale nemlxlemle}f~ gzok }dl mlwlfoxkle} og BXRr%97 Eo}ijflibbokxfnrdkle}r nebf|mlm }dl goffosnec0

9< If}do|cd eo foeclz zly|nzlm |emlz IMJ c|nmlfnelr& Bo|e}z~ Lewnzoekle}if Ieif~rlr $BLIr. bie r}nff rlzwl irnkxoz}ie} nex|}r ne}o }dl xzlxizi}noe og BXRr iem Bo|e}z~ Oxlzi}noer J|rnelrr Xfier $BOJXr.% BLIr xzownmlwif|ijfl negozki}noe oe }dl lewnzoekle}if bdiffleclr& ellmr& iem oxxoz}|en}nlr ne }dl MKBr& }dlzlj~ dlfxnec }dlkxznozn}npl lewnzoekle}iff~ r|r}ineijfl mlwlfoxkle}%97 \emlz els r}zlikfnelm c|nmlfnelr goz xzlxiznec BXR& negozki}noe iem aeosflmcl clelzi}noe $nebf|mnec}dlki}nb& bo|e}z~ iem rlb}oz negozki}noe. snff jl |emlz}iale nemlxlemle}f~ gzok }dl BXR xzoblrr% ]dnr snff dlfxler|zl }di} wizno|r irrlrrkle}r iem ieif~}nbif r}|mnlr& r|bd ir BLIr& izl |emlz}iale i} i }nkl boewlenle} iemixxzoxzni}l goz }dl Cowlzekle} iem o}dlz mlwlfoxkle} xiz}elzr%

4


9/23

I BLI goz }dl Xdnfnxxnelr sir gneifnplm ne Kizbd :899 }dzo|cd g|emnec gzok KLXZ% ]dlBLI rlzwlm ir }dl jirnr goz }dl Lewnzoekle} Irrlrrkle} R|kkiz~ ne }dl XdnfnxxnelrBXR $:899+:897.% ]dl Xdnfnxxnelr BXR nmle}ngnlm lewnzoekle} ir oel og }dzll gobifizlir goz IMJ oxlzi}noer& sn}d newlr}kle}r gob|rnec oe r}zlec}dlenec lbor~r}lkg|eb}noer iem }dl xzlrlzwi}noe og ei}|zif zlro|zbl& lediebnec bfnki}l bdiecl imix}i}noeiem mnrir}lz znra kieiclkle}& iem nkxzownec r|r}ineijfl lewnzoekle}if negzir}z|b}|zl

ne |zjie izlir%93

I BLI goz }dl Xloxflr Zlx|jfnb og Bdnei $XZB. nr jlnec gneifnplm iem snff jl fi|ebdlmne @|el :89:% KLXZ xzownmlm g|emnec }o r|xxoz} }dl x|jfnbi}noe og }dl BLI iem i boe+r|f}i}noe sozardox& dlfm oe :=+:< Kizbd :899 ne Ynecmio% ]dl sozardox sir i}}lemlmj~ zlxzlrle}i}nwlr gzok wizno|r XZB cowlzekle} knenr}znlr& bnwnb rlb}oz& iem }dlibimlkl& sdo mnrb|rrlm }dl gneif mzig} og }dl BLI% Ne immn}noe& }dl XZBK Lewnzoekle}Rxlbnifnr} irrnr}lm ne }dl xzlxizi}noe og }dl BLI j~ boozmnei}nec sn}d zlflwie} knenr}znlriem ltxlz}r iem ifro dlfxlm ozcienpl }dl sozardox%

]dl JZK Lewnzoekle} Rxlbnifnr} xzownmlm nex|}r }o }dl Jiecfimlrd Lewnzoekle} Ir+rlrrkle}& sdnbd sir nebozxozi}lm ne}o }dl Jiecfimlrd BXR goz :899+:89< iem }dlBo|e}z~ Oxlzi}noer J|rnelrr Xfie $BOJX.%

Ne :899& KLXZ ifro mlwlfoxlm els r}zlikfnelm c|nmiebl goz }dl BXR xzoblrr ne }dlgozk og }dl Bo|e}z~ Lewnzoekle} Eo}l $BLE.%94Ir i zlr|f} og }dlrl lggoz}r& KLXZzlblnwlm& zlwnlslm& iem ixxzowlm }so xzoxorifr gzok }dl Ble}zif Slr} Irni Mlxiz}kle}$Izkleni iem Iplzjin`ie.& oel xzoxorif gzok Ro|}dlir} Irni Mlxiz}kle} $Nemoelrni.&iem oel xzoxorif gzok }dl Elxif ZK zly|lr}nec irrnr}iebl ne mlwlfoxnec BLEr& sn}d iwnls }o ne}lczi}noe ne}o }dl BXR xzlxizi}noe%

:8% Ne :89:& n} nr ltxlb}lm }di} }dlzl snff jl i boe}ne|lm mlkiem goz KLXZ r|xxoz} goz }dlxzlxizi}noe og gob|rlm BLEr% I e|kjlz og zlcnoeif mlxiz}kle}r diwl ltxzlrrlmne}lzlr} ne iwinfnec og KLXZ zlro|zblr goz MKBr }di} snff jlcne BXR xzlxizi}noe ne fi}l:89:% KLXZ snff boe}ne|l }o ib}nwlf~ rlla xzoxorifr goz }dl mlwlfoxkle} og BLEr oz

BLIr%

:9% Nkxzownec lewnzoekle}if riglc|izm bixibn}~% ]dzo|cd xzo`lb} zlwnls iemr|xlzwnrnoe& IMJ ler|zlr }di} jozzoslzr nkxflkle} riglc|izm xfier iem kll} IMJrriglc|izm zly|nzlkle}r j~ dlfxnec }dlk }o r}zlec}dle }dlnz riglc|izm r~r}lkr iemmlwlfox }dl bixibn}~ }o kieicl lewnzoekle}if iem robnif znrar% ]dl lewnzoekle}rxlbnifnr}r dlfx nkxzowl lewnzoekle}if riglc|izm bixibn}~ ir goffosr0

]dl Lewnzoekle} Rxlbnifnr} ne JZK irrnr}lm ne }dl nkxflkle}i}noe iem koen}oznec og le+wnzoekle}if iem bfnki}l bdiecl bokxoele}r og ]Ir iem foier ne }dl goffosnec rlb}ozr0icznb|f}|zl iem ei}|zif zlro|zblr& si}lz& |zjie& }zierxoz}& iem lelzc~%

XZBK Lewnzoekle} Rxlbnifnr} zlwnlslm 97 lewnzoekle}if koen}oznec zlxoz}r $LKZ.&

iem }dl lewnzoekle}if kieiclkle} xfier $LKX. og r|jxzo`lb}r |emlz i foie xzo`lb} oeronf boerlzwi}noe iem z|zif mlwlfoxkle}%

]dl Lewnzoekle} Rxlbnifnr} ne KEZK boem|b}lm zlwnlsr og r|jxzo`lb}r LKZr goz i foieiem i czie} xzo`lb}%

93 IMJ% :899% Bo|e}z~ Xiz}elzrdnx R}zi}lc~0 Xdnfnxxnelr& :899+:897% Kienfi94 ]dl Bo|e}z~ Lewnzoekle} Eo}l $BLE. nr i r|bbneb} ieif~}nbif mob|kle} xzlxizlm ir xiz} og }dl BXR xzoblrr }di}zlgflb}r IMJr xznozn}nlr iem xzoko}lr focnbif ne}lczi}noe og lewnzoekle}if ne}lzwle}noer ne}o }dl BXR xzoczik% Ig}lzxzlxizi}noe og }dl BLE& n} rdo|fm jl mnrb|rrlm ir xiz} og }dl zlc|fiz Bo|e}z~ Boer|f}i}noer iem }dle gneifnplm m|znec}dl xzlxizi}noe og }dl gnzr} iem rlboem mzig}r og }dl BXR%

>


10/23

XZK Lewnzoekle} Rxlbnifnr} boem|b}lm oznle}i}noer iem jznlgnecr oe IMJ lewnzoekle+}if riglc|izmr }o klkjlzr og xzo`lb} }likr og foie xzo`lb}r ne Xianr}ie& zlwnlslm LKZriem LKXr goz mngglzle} foie xzo`lb}r& iem irrnr}lm ne }dl gneifnpi}noe og o}dlz lewnzoe+kle}if mob|kle}r nebf|mnec lewnzoekle}if bi}lcoznpi}noe iem Nen}nif Lewnzoekle}if Lt+iknei}noe $NLL. zlxoz}r%

WZK Lewnzoekle} Rxlbnifnr} boem|b}lm i }zinenec bo|zrl oe IMJ lewnzoekle}if rigl+c|izm xofnb~ |emlz IMJ Riglc|izm Xofnb~ R}i}lkle} :88>& zlwnlslm LKZr iem NLL zl+xoz}r& iem xzownmlm nex|}r }o }dl lewnzoekle}if bi}lcoznpi}noe og foie xzo`lb}r%

J% O|}x|} :0 R|jxzo`lb} nkxflkle}i}noe

::% ]dzo|cd }dl nkxflkle}i}noe og r|jxzo`lb}r& KLXZ xzoko}lr }izcl}lm ne}lzwle}noer }di}nkxzowl }dl lewnzoekle} iem boe}znj|}l }o xowlz}~ zlm|b}noe }dzo|cd }dl xzownrnoe ogg|emnec goz xnfo} ne}lzwle}noer iem }izcl}lm ieif~}nbif r}|mnlr%

:2% Ir rdose ne ]ijfl : jlfos& KLXZ snff r|zxirr }dl ozncneif }izcl} og nkxflkle}nec 92r|jxzo`lb}r& ir 9< diwl ifzlim~ jlle ixxzowlm% ]ocl}dlz& }dlrl r|jxzo`lb}r izl soz}delizf~ -2%2 knffnoe& sn}d ijo|} -:%7 knffnoe og KLXZ g|emnec% ]dl zlkinenec iko|e}&

ijo|} -388&888& snff bokl gzok xiz}elz boe}znj|}noer& ne bird iem/oz ne anem% Rll ]ijfl 2goz i kozl mlrbznx}nwl owlzwnls og }dl ixxzowlm r|jxzo`lb}r%

]ijfl :0 Xlzgozkiebl ]izcl}r goz KLXZ O|}x|} :

Xlzgozkiebl ]izcl}r/Nemnbi}ozr R}i}|r iem KLXZ R|xxoz}

I} flir} 92 r|jxzo`lb}r izl r|bblrrg|ff~nkxflkle}lm%

Gng}lle r|jxzo`lb}r diwl jlle ixxzowlm% KLXZ r|xxoz}rxzoxorif mlwlfoxkle} iem xzownmlr imknenr}zi}nwl r|xxoz}m|znec nkxflkle}i}noe%

I} flir}


11/23

:


12/23

goz }dl bokk|en}~ }dle bokkleblm ne Eowlkjlz :899% Flizenec o|}boklrsnff ifro jl mlwlfoxlm& ir xiz} og i bfnki}l bdiecl/ZLMM! lm|bi}noe}oofan}& nebf|mnec ie ienki}lm gnfk%

R}zi}lcnlr gozxzo+xoozimix}i}noe }o

bfnki}l bdieclne rkiff nrfiembokk|en}nlr

Ieif~}nbif r}|m~1Bi}lcoz~ 9$XIZM/Gn`n iem

RofokoeNrfiemr.1]dlkl0W|felzijnfn}~zlm|b}noe

]dl r|jxzo`lb} inkr }o mlwlfox i r}zi}lcnb gziklsoza goz }izcl}lm bfnki}lbdiecl imix}i}noe klir|zlr ne }so bo|e}znlr }o dlfx }dlk r|r}ine }dlnzfnwlfndoom iem xzownml c|nmlfnelr goz |xrbifnec xzo+xooz bfnki}l bdiecl

imix}i}noe klir|zlr ne o}dlz Xibngnb bo|e}znlr% Ne lizf~ :899& xiz}nbnxi}oz~xowlz}~ iem lewnzoekle} irrlrrkle}r iem gnlfm r|zwl~r slzl boem|b}lm nerlflb} bokk|en}nlr ne }dl }so }izcl} bo|e}znlr Gnemnecr slzl |rlm }omlwlfox i r}zi}lcnb gziklsoza goz bfnki}l zlrnfnlebl newlr}kle} iembixibn}~ j|nfmnec ne rkiff nrfiem bokk|en}nlr% Ne Eowlkjlz :899& }dl mzig}r}zi}lcnb gziklsoza sir xzlrle}lm ne xiz}nbnxi}oz~ bokk|en}~ iem ei}noeifboer|f}i}noer sn}d r}ialdofmlzr ne }dl }so bo|e}znlr%

Irni XibngnbFnwnec Xfiel}Zlxoz}

Ieif~}nbif r}|m~1Bi}lcoz~ 9$ZRMM.1]dlkl0 Ei}|zifzlro|zblr

]dnr r|jxzo`lb} nr xzom|bnec }dl r}|m~ le}n}flm Lbofocnbif Goo}xzne} iemEi}|zif Bixn}if ne }dl Irni iem Xibngnb Zlcnoe% ]dl x|jfnbi}noe snff ieif~pl}dl b|zzle} mlkiem goz ei}|zif zlro|zblr ne }dl zlcnoe iem xzlrle}ltikxflr og r}zi}lcnlr }di} xzoko}l }dl bzli}noe og slif}d iem ifflwni}noe ogxowlz}~ }dzo|cd kozl r|r}ineijfl kieiclkle} og }dl ei}|zif bixn}if og }dlzlcnoe% ]dl zlxoz} sir xzlxizlm j~ }dl nkxflkle}nec icleb~& SSG% N} snff

jl x|jfnrdlm ne Ki~ :89: ne }nkl goz }dl \E Boeglzlebl goz R|r}ineijflMlwlfoxkle} $Zno!:8. ne @|el%

Bokk|en}~jirlmimix}i}noe new|felzijflboir}if izlir

Xnfo}ne}lzwle}noe1Bi}lcoz~ :$Jiecfimlrd.1]dlkl0W|felzijnfn}~zlm|b}noe

]dnr xzo`lb} nr xnfo}nec i komlf }o zlm|bl }dl mnrir}lz znra xorlm j~ }dlbfnki}l+nem|blm lt}zlkl sli}dlz lwle}r iem o}dlz ei}|zif mnrir}lzr iemnkxzowl }dl fnwlfndoom iem goom rlb|zn}~ og }dl w|felzijfl xox|fi}noe% ]dlr|jxzo`lb} nr jlnec nkxflkle}lm ne go|z z|zif wnfficlr ne Ri}adnzi& oel og }dlkor} bfnki}l w|felzijfl boir}if mnr}znb}r ne Jiecfimlrd% Ig}lz }dlxzlxizi}noe og i bfnki}l w|felzijnfn}~ kix iem mlwlfoxkle} og i jirlfnelr|zwl~ og }dl }izcl} bokk|en}nlr& }dl r|jxzo`lb} nkxflkle}lm xnfo}bokk|en}~+jirlm imix}i}noe ib}nwn}nlr iem boem|b}lm bixibn}~+j|nfmnecsn}d }dl fobif bokk|en}nlr }o boxl sn}d imwlzrl bfnki}l%

Mlwlfoxnec igziklsoza goz

sl}fiem lbo+bokxleri}noeklbdienrk ne@niecr|+^iebdlecboir}ifsl}fiemr

Ieif~}nbif r}|m~1Bi}lcoz~ 9

$LIZM/XZB.1]dlkl0 Ei}|zifzlro|zblr

]dl r|jxzo`lb} inkr }o nkxflkle} i zixnm ne}lczi}lm sl}fiemlbor~r}lk/jnomnwlzrn}~& fnwlfndoom iem lboeoknb irrlrrkle}r& nmle}ng~ al~

nrr|lr& iem xzoxorl xzlfnkneiz~ neeowi}nwl lbor~r}lk gneiebl ox}noer%Zlr|f}r og }dl zixnm irrlrrkle}r diwl jlle xzlrle}lm iem mnrb|rrlm sn}dfobif cowlzekle} oggnbnifr& iem }dl xzlfnkneiz~ zlxoz}r og }dl r}|m~ slzlmnrrlknei}lm m|znec }dl Ne}lzei}noeif Boeglzlebl oe Lbo+Bokxleri}noe ne@niectn Xzownebl ne Eowlkjlz :899% ]dl r}|m~ nmle}ngnlm lbo+bokxleri}noeir i xofnb~ }oof }o lebo|zicl }dl leciclkle} og fobif bokk|en}nlr neei}|zif zlro|zblr kieiclkle} iem }dl xixlz xzlrle}lm m|znec }dlboeglzlebl nr jlnec gneifnplm%

Mlwlfoxkle}og lboeoknb}oofr goz si}lzxoff|}noeboe}zof }o

nkxzowl }dlfnwlfndoom og}dl xooz

Ieif~}nbif r}|m~1Bi}lcoz~ : $Wnl}Eik.1 ]dlkl0Xoff|}noe iemdlif}d

]dnr r|jxzo`lb}r kine oj`lb}nwl nr }o zlm|bl lewnzoekle}if xoff|}noe ne Wnl}Eik j~ nkxzownec ltnr}nec lewnzoekle}if flcnrfi}noe ir slff ir n}rlegozblkle} iem ixxfnbi}noe% I} }dl r}iz} og nkxflkle}i}noe& i ei}noesnmlr|zwl~ sir boem|b}lm }o irrlrr }dl nkxib} iem r}i}|r og nkxflkle}i}noe ogb|zzle} lewnzoekle}if fisr iem sir}lsi}lz gll xofnbnlr% ]dl zlr|f}r og }dl

r}|m~ slzl boerofnmi}lm ne i zlxoz} sdnbd sir zlwnlslm j~ zlflwie}cowlzekle} iclebnlr iem IMJ% ]dl zlxoz} ifro boe}iner zlbokklemi}noergoz nkxzownec }dl ltnr}nec r~r}lk goz sir}lsi}lz bofflb}noe bdizcnec%

9:


13/23

Bifb|fi}necbizjoe jlelgn}rgzok nkxzowlmfiem iem si}lzzlro|zblkieiclkle}

Xnfo}ne}lzwle}noe1Bi}lcoz~ :$XZB.1 ]dlkl0Ei}|zifzlro|zblr

]dl oj`lb}nwl og }dnr r|jxzo`lb} nr }o mlwlfox kl}domofocnlr }o bifb|fi}l }dlbizjoe jlelgn}r gzok nkxzowlm fiem kieiclkle} xzib}nblr ne Enectni% ]dlbifb|fi}noe snff leijfl xo}le}nif xzo`lb} gneiebnlzr oz kieiclzr }o irrlrr ixzo`lb}r nkxib}r kozl lgglb}nwlf~ iem rbnle}ngnbiff~% Mlwlfoxkle} og }dlrlkl}domr ki~ lwle}|iff~ iffos xooz gizklzr }o oj}ine gneiebnif r|xxoz} goznkxflkle}nec nkxzowlm fiem iem si}lz kieiclkle} xzib}nblr& ne Enectniiem o}dlz mz~fiem nzznci}lm icznb|f}|zl izlir ne }dl XZB% I} }dl lem og }dlr|jxzo`lb}& oel al~ o|}x|} snff jl }dl xzlrle}i}noe og i glirnjfl bizjoegneiebl xzo`lb} jirlm oe }dl imox}noe og nkxzowlm fiem iem si}lzkieiclkle} xzib}nblr ne wn}nb|f}|zl ne Enectni%

Nkxflkle}i}noe mlfi~lm

Inz y|ifn}~ne}lzwle}noer0nkxzownec inzy|ifn}~koen}oznecr~r}lkr ne

Irnie bn}nlr

Ieif~}nbifr}|m~1Bi}lcoz~ 9$ZRMM.1Xoff|}noe iemdlif}d

]dnr r|jxzo`lb} inkr }o boe}znj|}l }o nkxzownec }dl iwinfijnfn}~ iem zlfnijnfn}~og inz y|ifn}~ mi}i ne Irnie bn}nlr }o irrnr} xofnb~kialzr ne lgglb}nwl xofnb~iem newlr}kle} mlbnrnoe+kianec& xofnb~ iem xzo`lb} nkxib}r koen}oznec&iem bokk|enbi}nec }o }dl x|jfnb oe }dl r}i}|r og inz xoff|}noe% ]dl r}|m~ snffboem|b} jlebdkizanec goz Irnie bn}nlr ibbozmnec }o ikjnle} inz y|ifn}~flwlfr& irrlrr }lbdenbif ro|emelrr og inz y|ifn}~ koen}oznec r~r}lkr ogrlflb}lm bn}nlr sn}d }dl dncdlr} iem foslr} inz y|ifn}~ rbozlr& lr}ijfnrd}sneenec izzieclkle}r jl}slle bn}nlr sn}d coom inz y|ifn}~ flwlfr iem

koen}oznec r~r}lkr iem bn}nlr }di} bie flize gzok }dlk oe inz y|ifn}~koen}oznec iem kieiclkle}%

R}i}|r0 ]dnr xzo`lb} dir ltxlznleblm mlfi~r ne r}iz}+|x m|l }o boe}zib}necnrr|lr% N}r ltxlb}lm nkxflkle}i}noe xlznom nr rl} i} 9= koe}dr%Zlbz|n}kle} og boer|f}ie}r nr oeconec%

Xnfo}nec xzo+xooziem clemlz+zlrxoernwlrien}i}noeox}noer ne|emlz+rlzwlm|zjierl}}flkle}r ne

Bofokjo

Xnfo}ne}lzwle}noe1Bi}lcoz~ : $RznFieai.1]dlkl0Xoff|}noe iemdlif}d

]dnr r|jxzo`lb} inkr }o r|xxoz} }dl nkxzowlkle} og rien}i}noe gibnfn}nlr iemrlslzicl r~r}lkr goz rlflb}lm bokk|en}nlr ne Bofokjo& Rzn Fieai%R|jxzo`lb} ib}nwn}nlr nebf|ml }dl boer}z|b}noe og }onfl}r ne nemnwnm|ifdo|rldofmr iem rlslzicl r~r}lkr goz |emlzrlzwlm |zjie rl}}flkle}r% ]dlr|jxzo`lb} snff ifro r|xxoz} bixibn}~ j|nfmnec ib}nwn}nlr goz }dl bokk|en}~klkjlzr }o boer}z|b} iem kine}ine }dl els gibnfn}nlr%

R}i}|r0 ]dl r|jxzo`lb} dir ltxlznleblm i mlfi~ ne bokklebnecnkxflkle}i}noe m|l }o boe}zib}nec nrr|lr% Sl izl b|zzle}f~ isin}nec

gneifnpi}noe og }dl fl}}lz og iczllkle}

Xowlz}~+lewnzoekle}ieif~rnr gozlbor~r}lkr1ne}lczi}noe ognemnbi}ozr nexofnb~

Ieif~}nbifr}|m~1Bi}lcoz~ :$Xianr}ie.1]dlkl0 Ei}|zifzlro|zblr

]dnr r}|m~ inkr }o kiner}zlik lewnzoekle} gib}ozr ne xofnbnlr iem xowlz}~zlm|b}noe r}zi}lcnlr ne Xianr}ie }dzo|cd }dl nmle}ngnbi}noe og xowlz}~+lewnzoekle} fneaiclr iem nemnbi}ozr ne rokl og }dl kine lbor~r}lk }~xlrog }dl bo|e}z~% ]dl zlr|f}r gzok }dl r}|m~ snff ifro c|nml lewnzoekle}iff~r|r}ineijfl mlwlfoxkle} xfieenec iem xzownml gib}r iem gnc|zlr gozlwnmlebl+jirlm xofnb~ kianec%

R}i}|r0 Cowlzekle} ixxzowif og }dl r|jxzo`lb} ne Xianr}ie sir dlfm |xjlbi|rl }dl gobif xone} goz KLXZ ib}nwn}nlr ne }dl bo|e}z~ }zierglzzlm }o }dlKnenr}z~ og Ei}noeif Mnrir}lz Kieiclkle} gzok }dl Knenr}z~ og Lewnzoekle}ne Eowlkjlz :899% ]dl r|jxzo`lb} nr eos xlemnec lemozrlkle} og }dlb|zzle} cowlzekle} gobif xone} iem nr rbdlm|flm goz i 97+koe}dnkxflkle}i}noe xlznom%

Rdiietn SlneieF|~iecd|ne}lczi}lm rifnel

Xnfo}ne}lzwle}noe1Bi}lcoz~ 9

]dnr r|jxzo`lb} inkr }o mlwlfox iem xnfo} fnwlfndoom nkxzowlkle} iemxowlz}~ zlm|b}noe ib}nwn}nlr }di} snff jl nkxflkle}lm ir xiz} og i xzoxorlm

IMJ foie xzo`lb}% Ranffr mlwlfoxkle} snff jl inklm i} nkxzownec oe+gizk

92


14/23

iem ifaifnelfiemkieiclkle}

$LIZM/XZB.1]dlkl0 Ei}|zifzlro|zblr

fnwlfndoomr }dzo|cd nkxzowlm }lbdenbif ranffr iem lediebnec lkxfo~ijnfn}~iem rlfg+lkxfo~kle} ne ogg+gizk gnlfm& xznkiznf~ }dzo|cd xzownrnoe ogwobi}noeif }zinenec ne izlir r|bd ir lbo}o|znrk iem o}dlz rlzwnblr }di} snffjlelgn} gzok nkxzowlm lewnzoekle}if boemn}noer ne }dl mlczimlm izlir%

R}i}|r0]dl cowlzekle} og XZB#r ixxzowif xzoblrr goz }dl r|jxzo`lb}dir }iale foeclz }die ltxlb}lm iem mlfi~lm }dl zlbz|n}kle} xzoblrr%

Zlbz|n}kle} og boer|f}ie}r nr eos oeconec%R|xxoz} goz }dlei}noeif zoff+o|}og xi~kle}r gozgozlr}lewnzoekle}ifrlzwnblr iemjlelgn} rdiznecklbdienrkr

Ieif~}nbifr}|m~1Bi}lcoz~ 9$RLZM/Wnl}Eik.1 ]dlkl0Ei}|zifzlro|zblr

]dl r|jxzo`lb} inkr }o ltxiem ltnr}nec jlelgn} rdiznec klbdienrkr neY|iec Eik xzownebl }o mnr}znj|}l xi~kle}r goz lbor~r}lk rlzwnblr ne }dl

I W|oec iem Roec J|ec NW d~mzoxoslz newlr}kle} izlir% ]dl r|jxzo`lb}snff ifro r|xxoz} }dl mlwlfoxkle} og i aeosflmcl xzom|b} }di}mlkoer}zi}lr dos }o wif|l lbor~r}lk rlzwnblr iem dos }o mlrnce ir~r}lk }di} snff clelzi}l zlwle|lr }dzo|cd }dlnz kine}leiebl& xzownrnoeiem nkxzowlkle}%

R}i}|r0Cowlzekle} lemozrlkle} og }dl r|jxzo`lb} dir }iale i foec}nkl }o ler|zl boozmnei}noe ikoec mngglzle} cowlzekle} iclebnlr%Zlbz|n}kle} og boer|f}ie}r nr eos oeconec%

:7% J~ }~xl0 Rlwle og }dl 9< r|jxzo`lb}r izl xnfo} ne}lzwle}noer& sdnbd slzl bdorle }omlkoer}zi}l xo}le}nif mnzlb} iem zlflwie} nkxib}r oe xowlz}~ zlm|b}noe iem/oznkxzowlkle} ne y|ifn}~ og fngl% ]dlrl ne}lzwle}noer rdo|fm ifro diwl xo}le}nif goz|xrbifnec oz zlxfnbi}noe iem rdo|fm |rl xiz}nbnxi}oz~ ixxzoibdlr sn}d r}zoecboffijozi}noe ikoec r}ialdofmlzr% Lncd} ieif~}nbif r}|mnlr slzl ifro rlflb}lm }olediebl }dl ieif~}nbif jirnr goz xofnb~ mnifoc|l oe xowlz}~+lewnzoekle} fneaiclr& iemzinrl isizlelrr iem j|nfm bixibn}~ sdle r|bd fneaiclr izl nmle}ngnlm%

:3% J~ r}i}|r0 ]dzll og }dl 9< r|jxzo`lb}r diwl ifzlim~ jlle bokxfl}lm& sdnflnkxflkle}i}noe nr oeconec goz rlwle r|jxzo`lb}r% Nkxflkle}i}noe dir jlle mlfi~lm gozgnwl og }dl ixxzowlm r|jxzo`lb}r% Goz }dlrl r|jxzo`lb}r& cowlzekle} lemozrlkle} iemboe}zib}nec nrr|lr diwl rfoslm mose }dl xzoblrr og nkxflkle}i}noe%

B% O|}x|} 20 Aeosflmcl bix}|zl iem mnrrlknei}noe

:4% Ir xiz} og ie owlziff lggoz} i} IMJ }o xzoko}l aeosflmcl kieiclkle}& KLXZ rllar }obix}|zl iem mnrrlknei}l aeosflmcl oe xowlz}~+lewnzoekle} fneaiclr% ]ijfl = rdosr}di} }dl ZL]I nr monec y|n}l slff ne mlfnwlznec oe }dnr o|}x|}%

]ijfl =0 Xlzgozkiebl ]izcl}r goz KLXZ O|}x|} 2

Xlzgozkiebl ]izcl}r/Nemnbi}ozr R}i}|r iem KLXZ R|xxoz}

I} flir} gnwl aeosflmcl xzom|b}r $AXr. izl

xzlxizlm

Lncd} ieif~}nbif r}|mnlr izl jlnec mlwlfoxlm |emlz KLXZ% Ne

immn}noe& }osizmr }dl lem og }dl ]I& i gneif aeosflmclxzom|b} snff r~e}dlrnpl flrroer flizelm%

9=


15/23

I} flir} 9&888 immn}noeif mob|kle}r iemiz}nbflr izl |xfoimlm oe }dl Xowlz}~Lewnzoekle} El} $XL El}.%

J~ }dl lem og :899& :&93< mob|kle}r dim jlle fnr}lm ne }dlnemlt% Iz}nbflr iem mob|kle}r izl jlnec |xfoimlm zlc|fizf~%

:8, nebzlirl ne e|kjlz og dn}r iem wnrn}riee|iff~%

XL El}r xiclr izl jlnec zlim i} i zi}l og ijo|} 2&% Xowlz}~ Lewnzoekle} El}% ]dl sljrn}l nr kine}inenec n}r zlc|fiz |xfoim rbdlm|fl ogxowlz}~+lewnzoekle} mob|kle}r% Ir og @ie|iz~ :89:& :&93< mob|kle}r diwl jllefnr}lm ne }dl nemlt% ]dlrl bowlz ieif~}nbif r}|mnlr& elsr iz}nbflr& xzlrr zlflirlr&jzobd|zlr& gib} rdll}r& xzo`lb} xixlzr& iem o}dlz }~xlr og xowlz}~+lewnzoekle} zlfi}lmaeosflmcl% ]dl sljrn}l ifro gli}|zlr lkjlmmlm znbd klmni boe}le}& r|bd ir r}zliknecwnmlo $|r|iff~ wni ^o|}|jl.& xzlrle}i}noe mnrxfi~r wni Rfnmlrdizl& iem mob|kle}xzlwnlsr }dzo|cd Rbznjm% ]dl XL el} rn}l dir ifro jlc|e }o nebf|ml ne n}r nemlt zlflwie}

Gibljooa xiclr bzli}lm j~ XLX xiz}elzr iem o}dlz iclebnlr%

28% XL El}#r xiclr izl jlnec zlim i} i zi}l og ijo|} 2&


16/23

2=% ]dl ei}noeif Lewnzoekle} Rxlbnifnr}r r}i}noelm ne }dl ZKr ifro ozcienplm i e|kjlz oglewnzoekle}+zlfi}lm sozardoxr iem rlkneizr& sn}d rokl ib}nwlf~ irrnr}nec ne xzlxiznecoz cnwnec xzlrle}i}noer ne mngglzle} lwle}r% ]dnr nebf|mlr sozardoxr oe lewnzoekle}ifriglc|izmr iem oe bfnki}l bdiecl kn}nci}noe iem imix}i}noe oxxoz}|en}nlr% ]dl lwle}rozcienplm iem xiz}nbnxi}lm ne j~ }dl Lewnzoekle} Rxlbnifnr}r izl ir goffosr0

]dl XZBK Lewnzoekle} Rxlbnifnr} irrnr}lm iem sozalm bforlf~ sn}d IMJ r}igg }oxzlxizl i xzlrle}i}noe zlflwie} }o IMJ bfnki}l bdiecl nrr|lr goz }dl Dncd+FlwlfNe}lzei}noeif Rlkneiz oe Bfnki}l Bdiecl iem Czlle Fos+Bizjoe Mlwlfoxkle}ozcienplm j~ }dl Ei}noeif Mlwlfoxkle} iem Zlgozk Bokknrrnoe% ]dl rlkneiz sir dlfmne Jln nec oe ::+:= @|el :899% Dl ifro xiz}nbnxi}lm ne }dl Liz}d ]lkxfl Goz|kozcienplm j~ }dl bn}~ cowlzekle} og Jln`nec oe :


17/23

23% ]ijfl < zlgflb}r rokl og }dl xzoblm|zif iem ner}n}|}noeif izzieclkle}r }di} slzlimox}lm cnwle }dl ltxlznlebl gzok nkxflkle}nec }dl gnzr} ZL]I |emlz KLXZ% Oelrncengnbie} gli}|zl og }dl ZL]I nr }dl zofl og IMJr Lewnzoekle} Bokkn}}ll ne n}rkieiclkle}% ]dnr Bokkn}}ll& bokxorlm og 9< r}igg klkjlzr sdo zlxzlrle} libd og

IMJr oxlzi}noeif mlxiz}kle}r& rlzwlr ir }dl R}llznec Bokkn}}ll og }dl ZL]I $ifoecsn}d o}dlz zlrxoernjnfn}nlr.% ]dnr dlfxr ler|zl }di} }dl oj`lb}nwlr iem ib}nwn}nlr og }dl

ZL]I izl bokk|enbi}lm iem boozmnei}lm }dzo|cdo|} IMJ% N} ifro dlfxr }dl ZL]I r}i~i}}|elm }o o}dlz aeosflmcl clelzi}noe iem kieiclkle} ib}nwn}nlr boozmnei}lm j~ }dlLewnzoekle} Bokkn}}ll%

]ijfl % I Kienfi+jirlm ne}lzei}noeif boer|f}ie} iem i fobif boer|f}ie} boe}ne|l }o imknenr}lziem x|zr|l }dl ZL]I oj`lb}nwlr% Ieo}dlz fobif boer|f}ie} sir ifro zl}inelm goz }dlx|zxorl og kine}inenec }dl XL El} sljrn}l%

=8% ]dl Lewnzoekle} Rxlbnifnr}r r}i}noelm ne Fio XMZ iem Koecofni ZKr zlrncelm gzok}dlnz xor}r ne :899% I els boer|f}ie} goz }dl Fio XMZ ZK bikl oe joizm ne Rlx}lkjlz:899% ]dl Lewnzoekle} Rxlbnifnr} r}i}noelm ne Koecofni ler|zlm }di} }dl }sor|jxzo`lb}r jlnec nkxflkle}lm ne }di} bo|e}z~ slzl bokxfl}lm xznoz }o wibi}nec dlzxor}% Zlbz|n}kle} og i els boer|f}ie} }o gnff }dl wibieb~ nr jlnec bizznlm o|} j~ ZRLR neboozmnei}noe sn}d KEZK%

=9% Moeoz boer|f}i}noe kll}necr iem zlxoz}nec% Ie Iee|if Boer|f}i}noe Kll}nec goz XLGsir dlfm oe :: Kizbd :899 m|znec }dl Iee|if Moeoz Boer|f}i}noe Kll}nec goz Gneiebnec

93


18/23

Xiz}elzrdnx Gibnfn}nlr iem Booxlzi}noe G|emr ne IMJ dlimy|iz}lzr% M|znec }dl kll}nec&IMJ xzlrle}lm }dl xzoczlrr iem ibbokxfnrdkle}r oe }dl ib}nwn}nlr iem oj`lb}nwlr ogKLXZ% Xznoz }o }dl kll}nec& IMJ r|jkn}}lm }dl iee|if zlxoz}% I zlwnrlm iem |xmi}lmiee|if zlxoz} ne zlrxoerl }o }dl rxlbngnb bokkle}r zlblnwlm gzok XLG moeozr sirr|jkn}}lm oe @|el :899%

=:% R}i}|r og Xowlz}~ Lewnzoekle} G|em% ]dl }o}if iko|e} iwinfijfl nr elizf~ -4%> knffnoenebf|mnec boe}znj|}noer gzok }dl Cowlzekle}r og Eozsi~ iem Rslmle $-


19/23

=>% Ne xdirl }so& Kiner}zliknec Lewnzoekle} goz Xowlz}~ Zlm|b}noe $KLXZ.& rncengnbie}xzoczlrr sir kiml ne g|z}dlz kiner}zliknec lewnzoekle}ne IMJ oxlzi}noer iem nexiz}nb|fiz kiner}zliknec xowlz}~+lewnzoekle} nrr|lr ne }dl gozk|fi}noe og bo|e}z~ xiz}+elzrdnx r}zi}lcnlr% Ne }|ze& }dnr soza boe}znj|}lm }o i r|jr}ie}nwl nebzlirl ne lewnzoekle+}if flemnec iem nkxzowlm bixibn}nlr ne IMJr lewnzoekle}+zlfi}lm soza%


20/23

Ieelt 90 XLX ]lbdenbif Irrnr}iebl Bokxfl}noe Zlxoz}

Mnwnrnoe0 Lewnzoekle} iem Riglc|izmr

]I Eo%& Bo|e}z~ iem Eikl Iko|e} Ixxzowlm0 -2&>:8&888

]I 79


21/23

Ie imknenr}zi}noe rxlbnifnr} irrnr}lm ne ]I nkxflkle}i}noe gzok r}iz} }o gnenrd& r|xxoz}nec }dl ]IR\ Oggnblz irrncelm }okieicl }dl ]I iem ler|zl n} ibdnlwlm n}r oj`lb}nwlr% I slj+mlrnce rxlbnifnr} mlwlfoxlm }dl XL El} sljrn}l iem xzownmlmr~r}lk kine}leiebl iem }lbdenbif r|xxoz}% Ifro& i sljrn}l imknenr}zi}oz sir dnzlm }o zlc|fizf~ |xmi}l& kine}ine iem lmn} }dlrn}l boe}le}r%

Ie ne}lzei}noeif boer|f}ie} bix}|zlm iem r~e}dlrnplm }dl aeosflmcl iem flrroer flizelm }dzo|cd }dl nkxflkle}i}noe og 9

PEF Annual Report 2011

Documents

Transcript of PEF Annual Report 2011