SERVICEKOSTEN VOOR WINKELCENTRA



Vergelijkbare documenten
Uitwerkingen bij 1_1 Boomdiagrammen

A 9B 9 +1? & '( )(%%* +,'#-%.$/'$0/$0/ 1223,'#-%.$/')%4()) 3*5 ;;;78 9+7! *%4#$$()# << * */04$'/'$# * < 1!12 ! "*=1*!" *1> #$$%#% ?1*1>?

!"!!!""!# "$% &'(!")!" #*#+

Deze actie kadert binnen het project SOLABIO-'Soorten en landschappen als dragers voor biodiversiteit', mede gefinancierd door het Europees programma

!!! !"#$%&'#($)*'+,$) -.'/#/&0$")$")%.(1#$-(23$) /++456#%.'#..%) "#$%&'()! )))) "+0$17$%)8999)) "#$#%&'(#'!)*$!+'(,''(!'$!-*&'(%&**&!!

Het bos van konijn Fluwijn 1

Indicatiestelling voor de

Het Scheldegetij (rapport BGW-0102) met oplegnotitie.

" "" "#$%&$'%%( "$" * + ) ) ), -- "" "#$%&$'%%(,$" 7 8 # 1 9 $3 6% $ 1 #. "" "#$%&$'%%( #$" / - / / : $$ '-$ /

!"#$%&'()*"#) +''$),-)./012''$)

li d a l n s V a l GEMEENTE MAARTENSDIJK r Nbo bestemmingsplan buitengebied g g Nbo Nbo Schaal 1:5000 plankaart noord

Uitwerkingen bij 1_0 Voorkennis: Centrummaten

)*$ +, -! ($.!$/, "3!$ 4$"$%,!(!"!$, 4$) 5!%!, 7 $ 8" 7 )$$%9! 7 :$% $8" 7, : (!, 0 167

!"# $ $ % & ' ( )!*) +,' ( )!*)" -. ' &/0 1 0 * *))!2

" & ' ( ) % " % * + & " ' % " " + & " " 3

PA 9623PB 9623PC 9623PE 9623PG 9623PH 9623PJ 9623PK 9623TH PA 9624PB

! "!""#$! $( )!*!+,-.// ""#$ +$$!$ 0 1!! $!'""!2! +%&" + # $5 6(" $5(" $"$! <<<<<<<<<<<<<<<<<<<<<<<<

Maatschappelijke orie0ntatie: ACTUA artikels

Engelend Doeboek. a a. Cathelijne Filippo & Jeannette Post. palaysia. engelenweetjes, activiteiten en knutsels voor meer zelfvertrouwen en plezier

! " "" "#$%&$'%%( "$"

Betrokkenheid in kaart gebracht

#$%&'()*' ' + ', -#./$/#0 12, -#./304/ (5, ''6!""5 " 75,

Appeltaart voor managers

!"#$%&#'#%($%)*%+*$+%$##'%**$%,'-./%-0%1*+%)*0#'+*2*$+3% % 4*%5*)*'6#$)7*%81'(7+*$%"'-./*$9-$)%($%**$%,*':.(6)%6#$)7;1#0<%=>?

!" # $%##&&' $ (! (' ( ' ( $&,+!. / 0!, (+# 1'!" % #' ## #% # $,(#%,$, $#' $' % $!$0## 20# &,, (--#% $, $&0(&,-(%3# 2!% #' ## 4,& $&.

! "! # $ %!#$% &'()* +,!!!- &./!'!0! 1 +!222 ) 1 %! -3445! 2 2),&! %' -! 2!!222),& -!!.! #! -!- ),6!%!!72 8!, --!!! 3449! ),&)- 2!!222!

!""#$"%$&'&(&%)*+,-+#&./01&(&%2,,+#&' !"#$!"#$ Huisblad van Hanzeheerd De Bongerd en Brinkhoven %&'"()*+$",$-%*".$&/ 0!"#$)$$&/

$ % & Handleiding traktatie- en tussendoortjesbeleid basisscholen September 2011

MargaBode. Winter 2018/19. Huifkartocht buurtschappen Winterswijk Verslag bezoek Museum More in Ruurlo De Pelkwijk heeft zijn eigen Nachtwacht

Onderzoek Praktijktest in het kader van Leerzorg

H a n d l e i d i n g d o e l m a t i g h e i d s t o e t s M W W +

$ % $ # &'' ( ) &!'&! * +) &!'&!,, & # & -. / * 2. -.! "!#

Raad van 25 maart 2015

Jury Excellente Scholen

Vervolgonderzoek opbrengsten traject HKZ-certificatie bij instellingen voor Jeugdzorg

Alle winnende lotnummers voor de Oudejaarstrekking van 31 december. Hoge prijzen ,00

H 0 5 R R -F 5 x 1, 5 m m

Plan morgenzon. Dé plek voor mensen met eigen ideeën. Inspiratie brochure

Bepaling toezichtvorm gemeente Stein

!" # $ # # %&&!'" ( ) * * +,'- *.,' / ),'))0)))"1 / # 2,3, / ( ),'- 4 * 5&, 4 ) # +,' * #.,' / ( 8 / * 9 6! 4 / 9,7: 4 # )6597 # # 9,.

B01 B02 B03 B04 B05 B06 B07 B08 B09 B10 B11 B12 B13 B14 B15 B16 B17 B18 B19 BR* BR+

!!,()((-$(!.#+/(+01'##+-2!3#(4#+'(-2!5(!6#7'(-2!8##/(4((-2!9(::(72!9;'0

% 6 ; 1-1??//% 1$-10 %?//%9 %, ; - & ;/%/1)$- %

z i o v e u i s h t a r l e r a

/ ), '/ ;8 (,$+4<5""

Uitkomst Hypospadie-Enquête 2006

x 2x x 4x x 1x x 8x x x 12 = 0 G&R vwo B deel 1 1 Vergelijkingen en ongelijkheden C. von Schwartzenberg 1/25

Sandoz B.V. Geachte apotheker,

Ranglijst woongebied land van matena 1 januari 2019

,9H45'7:"(&H*'7'A'("(&'() NX(6&'(68'H6'$$'() )

Experimentele analyse en modellering van het vermoeiingsgedrag van geschroefde buisverbindingen

baio'.i.v. teonwd «n D«Schepp<w- Allda, Voonitmat ea Katteolii«kk«rwU. Ptifs^ d«lw»ït (bles} oife'.osaadst î t ' f ' «n ;

Pioniers in place making

Bepaling toezichtvorm gemeente Venray


Uitslagen dag 6 (TESSENDERLO )

!""# $ $ %!#% & $ !"# $ - ()*+ $! ' - 33##&# $ # 56$$% ;! <!!"()=# !" &>11. Jesaja 9:1-6 Jeremia 31:31-37 Hebr. 8:1-13

$!%&' '&(4' $5! - $ & -6 - '&7 $$- $

Transcriptie:

SERVICEKOSTEN VOOR WINKELCENTRA Een onderzoek naar een win-win situatie voor vastgoedeigenaren, retailers en vastgoedmanagers "#%&'())*# +*'(,-'(*.,/*#-0*01*230 45'6207839#'(0*'06#* :5-0*#0#5'%;*52"-050*<=86-,>?#5@6508,+(*-- A6,BCDE "#%"&'(%)&*+,-.//"0&*"1.&*.//2&3(./.&4(56(%&76899:::2;.<=6.<=+#15./.0>+.2<'597+#1>?'?,'97"?1.%,"#>?5+,-.//"0?5"1.5.//9=(./.?/(56(%

COLOFON 960*6#F "#%&'())*# "G52F -'())*#H*(I>G52H'8G &0@H,#HF JCBKDCD 1506GF BBL6,BCDE M,@*#N8*%F?#5@6508,;*-*5#'(O:5-0*#0(*--.,/*#-0*0F +*'(,-'(*.,/*#-0*01*230 45'6207839#'(0*'06#* :5-0*#0#5'%F ;*52"-050*<=86-,> 6"*4./*/"7*#*2"5"#/ 93-06@**#P*@#L3F QR;"RHSH &(8)),>Q*,0#*:5,5>*G*,0 R*>*2*@,>-0*5GF +.1*230 D-0G*,08#F+(*8/5,@*#S88#@0 B,@G*,08#FT*0*#@*A8,> QR;"RHSH @*(**#4#-8&LP*#0-G5 "#%#&"'(%")#**'""#+,#-+,#.,/0*/,"1%%'1*./2%"&",2"#*'"#3'"/*,4"'."#1*./2%"&5*#*2"'.& &

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` aaaaaaaaaaaaaaaaaaaa "#%&'())*# 1506GFBBL6,BCDE "#%#&"'(%")#**'""#+,#-+,#.,/0*/,"1%%'1*./2%"&",2"#*'"#3'"/*,4"'."#1*./2%"&5*#*2"'.& &

MANAGEMENT SUMMARY \V+;M1.Q+\MV \, 0(* #*52 *-050* G5#%*0 5,@, )5#0'625# '8GG*#'52 #*52 *-050*W 5 28,> @-'6--8, (5-05%*, )25'* '8,'*#,,>-*#/'*'8-0-H&*#/'*'8-0-5#*'8-0-38#5@@08,52-6))2*-5,@-*#/'*-)#8/@*@P70(*2*--8# 080(*2*--**5,@)#G5#27)2575#82*,-7-0*G50'5227@*/*28)*@-(8)),>'*,0#*-5,@833'*-H\,0(- #*-*5#'(0P*'5G*'2*5#0(5038#-7-0*G50'5227@*/*28)*@-(8)),>'*,0#*-W0(*-*#/'*'8-0-5''86,038# 5))#8bG50*27]^DJc830(*5''8GG8@508,'8-0-d#*,052)#'*e-*#/'*'8-0-fH+(*5''8GG8@508,'8-0- 830(*#*052*#5#*,06#,#*-)8,-P2*38#5#86,@DCc830(*08052>#8--06#,8/*#830(*0*,5,0H+(*-*-*#/'* '8-0-5#*->,3'5,05G86,0-WU('(,)5#0@6*080(**'8,8G''#-*-5#*6,@*#*b0#5)#*--6#*H+(* 5''8GG8@508,5,@-*#/'*'8-0-52-8(5/*@#*'0*33*'08,0(*08052'8-0-38#0(*0*,5,05,@0(6-,326*,'* 0(*'8G)5,7[-#*-620-,5,*>50/*U57H+(-#*-*5#'(38'6-*-8,-*#/'*'8-0-38#'8GG*#'52#*52*-050*W 5,@38#0(-#*5-8,8,27-7-0*G50'5227@*/*28)*@-(8)),>'*,0#*-5#*'8,-@*#*@WU(2*-(8)-0(505#* 28'50*@,50#5@08,52-(8)),>-0#**05#*,80,'26@*@,0(-#*-*5#'(H T;MRg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b5G)2*P7833*#,>h4W8)08,-38#'#8--O'(5,,*2-(8)),>5,@ '8,0#P60,>085'2*5,5,@-53*-(8)),>*,/#8,G*,0U(*#*0(*'8,-6G*#-(5))708'8G*5,@3**2-50 *5-*Hh(*,0(*5@@*@/526*83-*#/'*'8-0-5#*#*52-*@W0(*2*--**U2252-8P*G8#*)#*)5#*@08)5738# 0(*GH+(*38'6--(862@0(*#*38#*P*G8#*8,0(*)8-0/**33*'0-83-*#/'*'(5#>*-d0(*6,P6#@*,-83 -*#/'*-5,@@*2/*#*-f#50(*#0(5,8,0(*,*>50/*d'8-0-f-@*H \,)#5'0-*W0(*-*-*#/'*-5,@@*2/*#*-@8,8052U57-5))*5#08P*)*#'*/*@0(-U575,@@-'6--8, '8,'*#,,>0(*-*#/'*'8-0-5#-*-H+(*)#8P2*G-,0(*G5#%*0'*,0#*8,525'%830#5,-)5#*,'7W@33*#*,'*-,,0*#*-0-W5GP>686-25U-5,@#*>62508,-5,@5-*#/'*'8-0-)#8'*--0(50,828,>*#30-,)#*-*,00G* 5,@@*/*28)G*,0-,0(*#*52*-050*G5#%*0H+(-(5-52-8)5#02708@8U0(0(*35'00(500(**'8,8G' )*#-)*'0/*830(*)5-07*5#-(5-6,@*#>8,*5'(5,>*W2*5@,>085G8@3*@-)*,@,>)500*#,83'8,-6G*#- 5,@,/*-08#-dS*#%*#%WBCDBW))HEOifH\,0(-'(5,>*@G5#%*0W'8G)5,*-W#*052*#-5,@,/*-08#-(5/*5 @33*#*,0/*U8,0(*#*@6'08,83'8-0-5,@*G)(5-N**/*,G8#*8,G)#8/*G*,08306#,8/*#dS*#%*#%W BCDBfH+(--)5#02736*2*@P70(*,'#*5-,>/5'5,'7#50*5,@@8U,06#,dQ*,0#552T25,P6#*56/88#@* 2**38G>*/,>WBCDjfWG8#*500*,08,0828'508,'8-0-5,@8)*#50,>'8-0-(5-P**,>*,*#50*@,0(*#*52 *-050*G5#%*0d@*R8*#WBCC]fH+(*#*-5,**@38##*'8/*#75,@@*/*28)G*,083,*UW,,8/50/*U57-08 (5,@2*#*52*-050*5,@/5'5,'*-H+(-(5-)#G5#2708@8U0(0*G)8#5#75,@32*bP2*'8,0#5'0-W,*U,050/*-5,@,*U0#*,@-,0(*5#*583#*0525,@32*bP2*d'8GG*#'52f-)5'*-dR#*--*#-WBCDJfH+(* #*-*5#'(U22,05227P*U#00*,3#8G0(*/*U)8,0830(*2*--**@6*080(*-(30*@)8U*##*2508,-()0(50,0(*#*52*-050*G5#%*0-(30*@3#8G52*--8#[-G5#%*00852*--**[-G5#%*0dQ*,0#552T25,P6#*56/88#@* 2**38G>*/,>WBCDjfH+(*2*--**(5->5,*@G8#*)8U*#0(5,U5-38#G*#270(*'5-*W5,@0(*2*--8#5,@ )#8)*#07G5,5>*#-**0(*2*--**5-G8#*'*,0#525,@U5,008%**)(G-50-3*@P7G**0,>(-U-(*-5,@ #*k6#*g*,0-h=8u*/*#w0(*2*--8#5,@)#8)*#07g5,5>*#5#*,808g00*@3#8g0(*-'8)*830(*#*-*5#'(w >/*,0(*35'00(500(*75#*-0220(*8,*-U(8*-05P2-(5,@'8,0,6*08G5,5>*0(*)5'%5>*83-*#/'*-5,@ @*2/*#*-H \,8#@*#08-%*0'(5'2*5#)'06#*830(*)#8P2*G-U0(-*#/'*'8-0-W5,@8,0(*P5--0(*#*8308P*5P2*08 U#0*5G8#*'2*5#G*0(8@5,@#*'8GG*,@508,W0(-#*-*5#'(-U#00*,-05#0,>3#8GZP8008G2,*[Hh(50-5-(8)),>'*,0#*W(8U-0P6206)WU(*#*@8-(8)),>'*,0#*-'8G*3#8G5,@U(505>#**G*,0-5,@ '8,@08,-2*500(*#386,@508,H+(-38#G-0(*P5--WU('(U22P*U8#%*@3#8G08U5#@-28'508,'8-0-W,326*,'*5,@5,527--83G5#%*0G8/*G*,0-W-*#/'*'8-0-@*3,08,-W5,@(8U-6'(0*G-328U0(#86>(, 0(*5#*58328'508,'8-0-5,@-*#/'*'8-0-H "#%#&"'(%")#**'""#+,#-+,#.,/0*/,"1%%'1*./2%"&",2"#*'"#3'"/*,4"'."#1*./2%"&5*#*2"'.& &

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l."&+\MVF \,0(-#*-*5#'(W0(*38228U,>G5,k6*-08,-'*,0#52F PM:*/>%//4"#";).&%/:"4"..""34"..%'*#&='%="'/95*#*2"'"D="',"#;",#/:"."'1,;" ;%./. <%'.9./"5*/,;*449 &"1"4%="&.:%==,#2 ;"#/'".K M:*/ *'" =%..,>4" =%,#/. %<,5='%1"5"#/*#&5"/:%&.<%'*5%'""<<";/,1"*#&5%'""<<,;,"#/."'1,;";%./.='%;"..3 <%;0."&%#5%'"/'*#.=*'"#;9*#&>'%*&"'.0==%'/*5%#2./*)":%4&"'.KN "#%#&"'(%")#**'""#+,#-+,#.,/0*/,"1%%'1*./2%"&",2"#*'"#3'"/*,4"'."#1*./2%"&5*#*2"'.& &

:"+=M1M4+=";"&"9;Q= \,0(*3>6#*P*28UW0(*#*-*5#'(G8@*2--(8U,F "#%&'()*+*&'&,* Q8,'26-8,-X#*'8GG*,@508,- \,0#8@6'08,X5,527-- g0*#506#*-*#/'*'8-0- #*-*#/'*'8-0- g0*#506#*&(8)),> 06#* #*&(8)),> g0*#506#*g5#%*00#*,@- 5''8G8@508,'8-0- Q*,0#*- +(*8#*0'523#5G*U8#% 8#% +(*8#7X%,8U2*@>*DHC^3#-0'8,'26-8,- *@>*DHC ^3#-0'8,'26-8,- 20*#506#* \,0*#/*U- "G)#'523#5G*U8#% 4**@P5'%#86,@ *b)*#0- +(*8#7X%,8U2*@>*BHC Q5-*-06@*- &82608,-*#/'*'8-0- G*,6[ ;*'8GG*,@508,-X 5@/-* "#%%&'&()(*&+,-()#./01.2#%&(3 +(*@33*#*,0G*0(8@-@-'6--*@,0(*#*-*5#'(5#*0(*38228U,>F @,/"'*/0'"'"1,"+? +(*20*#506#*#*/*U,0(-#*-*5#'(-*#/*-5-50(*8#*0'52386,@508,38#*H>H0(*(-08#783-*#/'*'8-0-W d-7-0*g50'5227@*/*28)*@f-(8)),>'*,0#*-w0(*@*/*28)g*,0-5,@0#*,@-,0(*5#*583'8gg*#'52#*52 *-050*W '(5,>*@ G5#%*0 530*# 0(* *'8,8G' G525-*W 0(* 2*>52 5,@ 3,5,'52 3#5G*U8#%- 5,@ 0(* -05%*(82@*#-HR600(*20*#506#*#*/*U52-838'6-*-G8#*8,/5#86-G5#%*0,0*#/*,08,-5->6@*38# -*#/'*'8-0-83-(8)),>'*,0#*-W0(*-(8)),>'*,0#*k65207G8,08#5,@P*,'(G5#%,>83-*#/'*'8-0- 5,@#*-*5#'(,08-*#/'*'8-0-38#-(8)),>'*,0#*-5P#85@H+(*0(*8#0'525,@*G)*#'52)5#0-830(- #*-*5#'(5#*,0*#U8/*,H F*."./0&,".? +(*'5-*-06@*-5#*'5##*@860P7#*52*-050*5@/-8#QR;"H+(*3#-0-5,5,527--'5##*@8605G8,>j] -(8)),>'*,0#*-W5,@-*#/'*'8-0-38#0(*-*5#*'8G)5#*@U0(*5'(80(*#,#*2508,08#*,052)#'*W-N*W @-0#P608,%*7-5,@0(*2%*H+(*-*'8,@-5'5-*-06@75))2*@080(#**@33*#*,0-(8)),>'*,0#*-U0( @33*#*,0d>*8>#5)('f)8-08,-W-)5052257860-W5'0/0*-5,@07)828>7W5,@-N*H 8#/"'1,"+.? :620)2*)5#0*- 5,@ )*#-8,- (5/* P**,,0*#/*U*@H \, 8#@*# 08 >*0 5 >88@ )'06#* 83 0(* )#8P2*G- '8,'*#,,> 0(* -*#/'* '8-0- 38# -(8)),> '*,0#*-W,0*#/*U- 5#* '8,@6'0*@ U0( d#*)#*-*,050/*- 83f 2*--**-W2*--8#-W#*52*-050*G5,5>*#-5,@,0*#*-0>#86)-H+(*38228U,>)5#0*-(5/*)5#0')50*@,0(* #*-*5#'(F "#%#&"'(%")#**'""#+,#-+,#.,/0*/,"1%%'1*./2%"&",2"#*'"#3'"/*,4"'."#1*./2%"&5*#*2"'.& &

\V+";S\"h&F g5,@28#@- QR;"?28P52\,/*-08#-dVgfRS m2*)*##* =RQ5)052 &7,0#6-9'(G*5 +*,5,0- +(*&0,>XQ8-0*- S5,=5#*, &5'(5&'(8*,*, :*@5:5#%0 T#8)*#07G5,5>*#- QR;" 1+_ Agg m2*)*##* ht: &05%*(82@*#8#>5,N508,- S?:Vg \SRV ;V1 M0(*# M#5,>*3*2@ 4*5(6'07(&7#(1#.8(&7#(1(()/01.2#%&(3 O""&>*;)'%0#&+,/:"D="'/. V*b0080(*,0*#/*U-W5,6GP*#83*b)*#0-(5/*>/*,3**@P5'%5,@'8GG*,05#78,0(*3,@,>-830(* #*-*5#'(W5,@0(*#*-620-5#*U8#%*@,080(*'8,'26-8,-830(*#*-*5#'(H+(*38228U,>)5#0*-(5/* )5#0')50*@,0(*'8GG*,05#7#86,@F 4""1R9Qm;MV1" g5,@28#@- =RQ5)052 m2*)*##* &7,0#6-9'(G*5 +*,5,0- +(*&0,>XQ8-0*- S5,=5#*, T#8)*#07G5,5>*#- QR;" &05%*(82@*#8#>5,N508,- S?:Vg \SRV ;V1 M0(*# M#5,>*3*2@ 4*5(6907(&7#(12((-5*+:&0%.-(;<(&8)/01.2#%&(3 :9\V4\V1\V?&9V1QMVQg.&\MV& E:%==,#2;"#/'". R#,>,>08>*0(*#-(8)-,8,*P62@,>8#'*,0#*W0(*Z-(8)),>'*,0#*[W-,80,*UH+(*3#-0-(8)-5#8-* )#G5#27,0(*38#G83d-0#**0fG5#%*0-H9-'0*-P*'5G*25#>*#5,@(5@G8#*#*-@*,0-W0(*752-8088%8, G8#*d,6#06#,>f36,'08,-W5,@0(*,6#06#,>5#*50(6-P*'5G*G8#**b)5,-/*d:5-08)WBCDBW)HKfH 9''8#@,>08Q(#-0522*#W0(*#*-5G,G6G2*/*283-6))8#038#*/*#75G*,07W0(*0(#*-(82@/526*W0(50-,*'*--5#7P*38#*0(-'5,P*833*#*@H+(-0(#*-(82@/526*/5#*-)*#5G*,07-,'*W38#*b5G)2*W5P5%*#(5-528U*#0(#*-(82@/526*0(5,5@*)5#0G*,0-08#*d:5-08)WBCDBW)HKfH\,0(*V*0(*#25,@-W0(*-(8)),> '*,0#*- 5,@ 28'508,- #*-620 3#8G 5-7-0*G50' 5,@ 36,'08,52W (*#5#'('52 5,@ @*052*@ '8GG*#'52-0#6'06#*W5,@0(---02225#>*27P5-*@8,0(*0(*8#783Q(#-0522*#H9''8#@,>08160'('8GG*#'52)25,,,>W */*#7'8,-6G*#(5-08P*5P2*08@8@527*##5,@-U0(,U52%,>8#P'7'2,>@-05,'*W5G6'(G8#*3,*O G*-(*@'8GG*#'52)25,,,>-0#6'06#*-'#*50*@0(5,5P#85@dS*#G*62*,<h*G5,WBCDCW)HDJifH+(* -(8)28'508,W530*#522W@*0*#G,*-0(*,506#*5,@-N*830(*'8,-6G*#-0#*5GdS*#G*62*,<h*G5,W BCDCW)HJCBfH\,8#@*#08(5/*5U*22O36,'08,,>-(8)),>'*,0#*W5220(*5'08#-G6-0P*#*)#*-*,0*@H 9''8#@,>08"/*#-dS*#G*62*,<h*G5,WBCDCW)HDJ]f*5'(-(8)),>'*,0#*36232-0-8U,36,'08,5,@ 8U*-0-*b-0*,'*088,*8#G8#*/-0G80/508,-H935G25#@-0,'08,83/-0G80/508,--Z#6,[dk6'%27 '8G)2*0,> 5, *##5,@fW Z36,[ d#*'#*508,52 -(8)),>f 5,@ Z>852[ d05#>*0*@ )6#'(5-*-fH &7-0*G50'5227 @*/*28)*@-(8)),>'*,0#*-,'#*5-,>2738'6-8,@-0,'0/*,*--5,@8U,*#-83-(8)),>'*,0#*-0(*#*38#* 0#708%**)0(*'8,-6G*#,'#*5-,>2728,>*#,0(*-(8)),>'*,0#*H+(*0#*,@-0(*#*38#*--(30,>08 #*'#*508,52-(8)),>,U('(Z0(*/-0-08@33*#*,0-(8)-U0(0(*>85283#*25b508,5,@*5-*[-'*,0#52 "#%#&"'(%")#**'""#+,#-+,#.,/0*/,"1%%'1*./2%"&",2"#*'"#3'"/*,4"'."#1*./2%"&5*#*2"'.& &

dt25038#gjdw1*052(5,@*2v*@*#25,@w<&0*@*,,*0u*#%?jbwbcdjfh+(*)(7-'52-(8)),>'(5,,*2(5-08 )8--*--*/*#OG8#*k6520*-,8#@*#08,@6'*0(*'8,-6G*#08G5%*5/-0W5,@0#5@08,52-(8)-5,@ -(8)),>'*,0#*-(5/*085@L6-0080(*,**@-5,@28,>,>-83'8,-6G*#-,8#@*#0852-8P*5,500#5'0/* -(8)),>520*#,50/*,0(*3606#*d&)**0L*,-<T8-0WBCDBfH+(*6#P5,*,/#8,G*,0U22(5/*08-0#/*38# /05207P7#*O8#*,0,>0-*235,@5@L6-0,>080(*U-(*-830(*d3606#*f>*,*#508,-80(500(*7U22P*5P2* 08602-*0(**'8,8G')80*,0525,@0(*'8GG*#'52-0#6'06#*,5#*>8,8#'07-/052dV*@*#25,@-*;55@ /5,h,%*2'*,0#5WBCDJW)HDKfH48#0(*0G*P*,>W0(*'8,-6G*#)#*3*#-WP*'56-*83*b)*#*,'*5,@0#6-0W 0(*8332,*-(8)),>'(5,,*2H\,8#@*#08%**)0(*'8,-6G*#,0(*-(8)),>'*,0#*28,>*#W0(*38228U,> G6-0P*05%*,,085''86,0P70(*2*--8#5,@)#8)*#07G5,5>*#F Q8,-6G*#5,@'8,-6G*#*b)*#*,'*83-*#/'*'8-0-n T#'*5,@*-)*'5227k6520783@*2/*#*@-*#/'*-d-*#/'*'8-0-fn T#8G808,525'0/0*-WG5#%*0,>5,@0(*2%*n \,0*#*-0-830(*2*--8#W2*--**5,@#*52*-050*G5,5>*#H \,5@@08,W#*52*-050*G5,5>*G*,0(5-'(5,>*@'8,-@*#5P278/*#0(*7*5#-W5,@0(*#*-5,,'#*5-,>27 '2*5#38'6-8,G5%,>0(*)(7-'52-(8)),>'(5,,*2@-0,'0/*Hh(*#*5-#*52*-050*G5,5>*G*,038#G*#27 8,27G*5,00(*G5,0*,5,'*830(*#*52*-050*W0'6##*,027,'26@*-5>#*50/5#*078305-%-W50@33*#*,0 )82'72*/*2-dS*#%*#%WBCDBfH+(*-*)82'72*/*2-5#*F &0#50*>'2*/*2d)8#03828G5,5>*G*,0fn +5'0'522*/*2d5--*0G5,5>*G*,0fn M)*#508,522*/*2d#*52*-050*G5,5>*G*,0fH E"'1,;";%./. +(*#*-52-850#*,@,0(*G5#%*00(500(*)#8)*#07G5,5>*#->5,,>,'#*5-,>,)60,080(*Z05'0'52[ 2*/*25,@0(6-'8225P8#50*5P860W38#*b5G)2*W0(*@-0,'0/*,*--83-(8)),>'*,0#*-H\,5@@08,W0(* )#8)*#07 G5,5>*# - G8#* )#83*--8,52 5,@ (5-0(* >852 83 >#8U,> 36#0(*# 5,@ *-05P2-(,> G8#* #*2508,-()-U0(0(*80(*#-05%*(82@*#-5,@5'08#-,0(*G5#%*0Hh0(0(*-*,*U@*/*28)G*,0-W0(* k6*-08,-'8,'*#,,>0(*-*#/'*'8-0-w-*#/'*-5,@@*2/*#*-5-u*225-0(*@33*#*,0-*#/'*'8-0-g*0(8@- 0(502*500(*#386,@508,W52-8'(5,>*085'*#05,@*>#**H900(-G8G*,0W0(*38228U,>-*#/'*'8-0- G*0(8@-5#*)#G5#27#*'8>,-*@,0(*G5#%*0F DH +(*'6##*,0-*#/'*'8-0-G8@*2n BH +(*3b*@O3**-*#/'*'8-0-G8@*2n jh +(*#-%O)5#0')508,-*#/'*'8-0-G8@*2H Service costs methods Current Service Costs method Fixed Fee - method Partnership - method Preconditions / SWOT analysis Preconditions / SWOT analysis Preconditions / SWOT analysis benefits benefits benefits disadvantages disadvantages disadvantages "#%%&9=(&7#+(+0)8)>(8,0-)#.8,(?(8,(&6*.-)/01.2#%&(3 R*28UW5-6GG5#7830(*5,527--)*#G*0(8@--(8U,F RA;0''"#/."'1,;";%./.5%&"4 h0(0(*'6##*,0-*#/'*'8-0-g8@*2w0(*#*-)#g5#27525'%830#5,-)5#*,'7,0(*)#8'*--5,@0(*p22,>h +(50-,805>88@G50'(38#0(*'8G)2*0*#-%52*--**,0(-G8@*2P*5#-H+(*'6##*,0-*#/'*'8-0-)#8'*-- (5-08P*G8@3*@5,@*b)5,@*@W5,@dG6'(fG8#*0#5,-)5#*,'7G6-0P*5@@*@30-08#*-620,2*-- 3#'08,,0(*G5#%*05,@)5#0*-(5/,>G8#*'8,3@*,'*,5'8##*'05,@)#8)*#-*#/'*'8-0-P22,>H\, 5@@08,W0(*-*5>#**G*,0-(5/*08P**-05P2-(*@,5'2*5#G5,6528#>6@*W08U('()5#0*-'8,38#G5,@ "#%#&"'(%")#**'""#+,#-+,#.,/0*/,"1%%'1*./2%"&",2"#*'"#3'"/*,4"'."#1*./2%"&5*#*2"'.& &

F0''"#/5%&"4 U('(-52-8#822*@8605,@-6))8#0*@P70(*,0*#*-0>#86)-H\,0(-U57G8#*-6))8#0'5,P*'#*50*@W5,@ )5#0*-U223**20(*,**@08'8,38#G080(*GH\,5@@08,W0(*#*(5/*08P*'2*5#*#5>#**G*,0-5,@ @*-'#)08,-830(*-*#/'*'8-0-,'26@*@,0(*#*,0525>#**G*,0-H SA<,D"&-<""."'1,;";%./.5%&"4 h(*,-*#/'*'8-0-5#*>8,>08p*3b*@w0(*,0*#*-0-830(*2*--**w2*--8#5,@)#8)*#07g5,5>*#g6-0p* 05%*,,085''86,0Hh(*,3b,>0(*-*#/'*'8-0-W5>#**G*,0-(5/*08P*G5@*'2*5#38#0(*(5,@2,>5,@ G5,5>*G*,0830(*P22,>H\,5@@08,W0U22)#G5#27(5/*08P*05%*,8,P7,0*#*-0>#86)-,8#@*#08 @*/*28)P#85@*#-6))8#038#0(-)#8'*--H+(*)#8)*#07G5,5>*#'5,@-0,>6-((G-*23P7-*22,>0(* )#8@6'008(-'2*,0H\,5@@08,W(*(5-08P*U*22,'8,0#82W(5/*5-(5#))#8'*--5,@P*5P2*0805%*0(* #-%5,@G5,5>*G*,0'8G)2*0*278,(G-*23H+(*'2*,0W,06#,W(5-08P*5P2*08'8G)2*0*27/*-00(* )#8'*--U0(0(*)#8)*#07G5,5>*#5,@0#6-0008(GH\,5@@08,W0-*--*,05208)#8/@*-633'*,0 0#5,-)5#*,'7080(*2*--**,0(*)#8'*--830(*-*#/'*'8-0-H TA',.)-=*'/,;,=*/,%#."'1,;";%./.5%&"4 +(*#-%O)5#0')508,-*#/'*'8-0-G8@*2--0225#*250/*276,%,8U,G8@*2,0(*G5#%*0H\0(5-)5#027 5#-*,3#8G0(*#*-*5#'(83"@&'(8*,G5%*#-5,@h22*Gm**#-d"H&'(8*,G5%*#-<m**#-WBCDDfW5,@(5/* *b5g,*@0(*5'(*/5p20783-6'(5g8@*2h\,0(*#-%o)5#0')50,>(5,@2,>830(*-*#/'*'8-0-w0(* )#8)*#07G5,5>*#52-8P*'8G*-5#-%P*5#*#08>*0(*#U0(0(*2*--8#H\0-G)8#05,008G5%*'2*5# 5>#**G*,0-5P860 0(50 5,@ 08 *-05P2-( 5 >88@ 05-% @*-'#)08, 38# 0(* )#8)*#07 G5,5>*#H +(* #*GP6#-*G*,0830(*)#8)*#07G5,5>*#U2252-8(5/*08P*G8@3*@H930*#522W5'8G)2*0*27,*UG8@*2U22 P*,0#8@6'*@W-80(*)#8)*#07G5,5>*#G5752-8(5/*085@L6-0(-P6-,*--G8@*25''8#@,>27H 4#8G 0(*-* 0(#** G*0(8@-W 5 &hm+ 5,527-- P5-*@ 8, 0(- #*-*5#'( - G5@*, U('( 0(* -0#*,>0(-W U*5%,*--*-W8))8#06,0*-5,@0(#*50-83*5'(G*0(8@5#*G5@**b)2'0HM))8#06,0*-5,@0(#*50-,'26@* )8,0-0(50 G6-0 P* 36#0(*#,/*-0>50*@W 8# U('( G6-0 P* 05%*,,08 5''86,0 @6#,> 0(* 6-* 8# G)2*G*,0508,830(*G*0(8@H+(*&hM+5,527--'5,-6P-*k6*,027(*2)U0(0(*G)2*G*,0508,830(* G*0(8@5,@,@'50*-(8U0(-'5,P*-6''*--3625,@0(*38228U,>)8,0-5#*G)8#05,0d1H@*S#*-WBCDCfF +(*-0#*,>0(-830(*G*0(8@(5/*08P*G5,05,*@n +(*U*5%,*--*-(5/*08P*'8,/*#0*@,08-0#*,>0(-n +(*8))8#06,0*-(5/*08P*G)2*G*,0*@,080(*G*0(8@-n +(*0(#*50-(5/*08P*'52'6250*@W5,@#-%-G6-0P*5-28U5-)8--P2*H +(*@33*#*,0&hM+5,527-*-5#*-*0860)*#G*0(8@,0(*G50#bP*28UF O,D"&<""5%&"4 6,.)=*'/,;,=*/,%#5%&"4 &0#*,>(0- M))*#06O,0*- h*5%o,*--*- O+(*78,27)5738#U(500(*7#*52276-* O\0-5U*22%,8U,G*0(8@U('(-52-86-*@38# *H>H*,*#>7-6))2*#- O833*#-5280833#**@8G38#0(*25,@28#@5,@0(* )#8)*#07G5,5>*# O833*#-8))8#06,0*-38#50*,5,008#*k6#*5 /80*38#0(*)5'%5>*83-*#/'*'8-0- O'862@833*#8))8#06,0*-38#G8#*0#5,-)5#5,'7 5P8600(*)5'%5>*5,@5''86,0 O'#*50,>5,6,38#G2-083-*#/'*'8-0-)8-05,@ -05,@5#@,/8'* O0882002*L6#@'52#*-)8,-P207 O2*--0#5,-)5#5,'7P725'%83-6P-05,0508, OG*0(8@833*#-0882002*'(*'%G8G*,0-5,@0(*,/8'*05%*-)25'*35#530*#0(**,@830(*7*5# O,86,38#G5,@-05,@5#@,/8'* O0*,5,0'5##*-5220(*#-%-5,@(5-,8,*,326*,'* 080(*-*#/'*'8-0- O,8052U57-'2*5#U(80(*'8-0--(862@'5##7 +(#*50- O,/8'*'8G*-530*#0(*P88%-5#*'28-*@ O0*,5,0G6-00#6-00(*25,@285#@5P8600(*'8-0- O#-%-U22P*)#8P5P27P*-(30*@528,>0(* 0*,5,0W25,@28#@5,@)#8)*#07G5,5>*# O,/8'*-,80,O0G*@6*08@*/86--7-0*G- O'6##*,0G5#%*0--8-6PL*'008'(5,>*0(500(- -7-0*GG57,**@08P*#*/-*@H OM30*,,8'8G)5#-8,)8--P2*P*'56-*5220(* 5'08#-d5,@)5#0*-U0(,0(*5'08#-f0(*G @33*#*,027)#8'**@ Og5,@28#@5,@)#8)*#07G5,5>*#'5##72002*#-% 5,@(5/*6,2G0*@086'(*-H 4*5(6@=AB4C.*6D)#)028,()(&7#+(+0)8)>(8,0-)/01.2#%&(3 O/526*38#G8,*7 O3b*@XG5bGN*@)#'* O)#830-(5#,>)8--P2*P*0U**,)5#0*- O)6#'(5-,>)8U*#38#G8#**33'*,05,@*33*'0/* )#8'6#*G*,0d@*S#*-WBCDCf O*'8,8G'5227P*,*3'52)5'%5>*5--*GP27 O)8--P2*@-'86,0,-0*5@83#*,03#**dP*U5#*830(*0(* P525,'*-(**0830(*2*--8#`f O0#5,-)5#*,'7,5@/5,'*5,@P*00*#P6@>*0*-0G50* O*'8,8G*-83-'52*5,@2*--5@G,-0#50/*(5,@2,> O,'8#)8#50*'(*'%,>G8G*,0- O@*/*28)G*,083P*,'(G5#%P73b*@'8-0- O*-05P2-(&g9d&*#/'*g*/*29>#**G*,0f08G*5-6#*k65207 d@*s#*-wbcdcf O'8,36-*@P7G)2*G*,0,>-7-0*G-,-0*5@83G8#*6,38#G -7-0*G Ok65207#*52*-050*G5,5>*#d'6-08G*#38'6-5,@)#85'0/* 5'08,f O2*>52#*-)8,-P207 O,800#5,-)5#*,0@6*0825'%83-6))8#05,@6,@*#-05,@,>H O'#*50*-G)#8)*#P525,'*38#2*--8#d#*,0e-'5-(>(*# #*/*,6*-5,@(>(*#'8-0--@*08-'f O'8,/*#0,>d*b-0,>f)6#'(5-,>5,@G5,0*,5,'*'8,0#5'0- O'8,/*#0,>d*b-0,>f2*5-*- O'8,/*#0,>d*b-0,>fG5,5>*G*,05>#**G*,0- O#-%5228'508,P*0U**,25,@28#@W0*,5,05,@)#8)*#07 G5,5>*# O#-%0(50'8G)*,-508,-,808)5k6*38#25,@28#@5,@ )#8)*#07G5,5>*#d@*S#*-WBCDCf O'(*'%8608,0G*085/8@'(5#>*-5))*5#,@33*#*,07*5#- O,/*-08#dU0(5,4R\-0506-o4-'52\,/*-0G*,0\,-00608,f -,80)*#G00*@085))273b*@O3**H+(*7P*2*/*8,*(5-08 05%*,0(50'5-*W,828,>*#,/*-0,>H+(-U862@(5/*08P*5 #62,>3#8G0(*\;&H OG8#*#-%-(5#,>U0(25,@28#@5,@)#8)*#07 G5,5>*# O-0G6250*-0(*G,@,0(*38#G830(*23*'7'2* 83#*52*-050* O)5#052273b*@XG5bGN*@)#'* O)#830-(5#,>)8--P2* O)6#'(5-,>)8U*#38#G8#**33'*,'75,@ *33*'0/*)6#'(5-,> O*'8,8G*-83-'52* O;-%)5#0')508,U(*#*#-%-5#*-)#*5@ O-0G6250*-,,8/508,,0(-,'#*5-,>27 '8G)*00/*G5#%*0O)25'* OU8#%38#5>88@/526*38#G8,*7#508 OG8#*0#5,-)5#5,'70(#86>(#-%@/*#-3'508, 5,@)5#0')508, O '8,36-*@ P7 G)2*G*,0,> -7-0*G-,-0*5@ 83 G8#*6,38#G-7-0*G O (>( k65207 5,@ >88@ 36,'08,,> )#8)*#07 G5,5>*#-*--*,052 O'8G)2*b08'8GG0082*>52#*-)8,-P207 O-(862@P*5P*,*3038#522)5#0*-W80(*#U-*0(* G8@*2U22,80P*G)2*G*,0*@ O'8,/*#0,>d*b-0,>f)6#'(5-,>5,@G5,0*,5,'* '8,0#5'0- O'8,/*#0,>d*b-0,>f2*5-*- O'8,/*#0,>d*b-0,>fG5,5>*G*,05>#**G*,0- O #-% 5228'508, P*0U**, 25,@28#@W 0*,5,0 5,@ )#8)*#07G5,5>*#-(862@P*'2*5#27@*3,*@ O(8U08@*52U0(/5'5,06,0-5,@X8#P5,%#6)0'7 830*,5,0- "#%#&"'(%")#**'""#+,#-+,#.,/0*/,"1%%'1*./2%"&",2"#*'"#3'"/*,4"'."#1*./2%"&5*#*2"'.& &

U0,&"<%'."'1,;";%./.<%'.:%==,#2;"#/'".G@",&'**&1%%'E"'1,;")%./"#>,VM,#)"4;"#/'*H +(*>6@*38#-*#/'*'8-0--5@8'6G*,0,U('(>6@*2,*-5#**-05P2-(*@0(50-(862@'8,0#P60*085 G8#*35#5,@G8#*0#5,-)5#*,0)#8'*--H\0(5-0(*38#G835P#8'(6#*,U('(5,6GP*#83-05#0,>)8,0-5,@#62*-38#P*(5/86#5#*@*3,*@d;V1W\SRVW<S?:WBCCpfH=8U*/*#W0(*860'8G*830(*,0*#/*U- -(8U-0(500(*>6@*38#-*#/'*'8-0-(5-,)#5'0'*,802*@085-82608,38#0(*)#8P2*G-'8,'*#,,>0(* -*#/'* '8-0-H R*'56-* 0(* >6@* - 088,8,O8P2>508#7 5,@ 0(*#* 5#*,8 '8,-*k6*,'*- 8# )*,520*- 5--8'50*@U0(0W0(*>6@*@8*-,80*,-6#*0(50)5#0*-'8,38#GU0(0(*>6@*HT5#0*-U228,27@8-8 U(*,-82@5>#**G*,0-5#*#*k6#*@H92-8)5#0*-5#*,80Z#*U5#@*@[38#U8#%,>5''8#@,>0(*>6@*38# -*#/'*'8-0-W0(*#*38#*0(*7U22P*2*--k6'%08'8,38#GH\0-G)8#05,00838#G6250*'2*5#-05#0,>)8,0-5,@#62*-38#P*(5/86#H E"'1,;";%./.*>'%*& R*'56-*-*#/'*'8-0-,808,27)#*-*,05)#8P2*G,0(*V*0(*#25,@-WP6052-85P#85@W5'8G)5#-8,,0(- #*-*5#'(-G5@*U0(0(*5P#85@G5#%*0H48#0(-W0(*;\Q&Q8@*83&*#/'*Q(5#>*-5,@0(*\Q&Q"6#8)*5, &*#/'*Q(5#>*?6@*5#*5,527-*@H+(*\Q&Q"6#8)*5,&*#/'*Q(5#>*?6@*-P5-*@8,5#*-*5#'(5G8,> 0(*-*#/'*'8-0-)#8'*--*-83Bi"6#8)*5,'86,0#*-5,@G5%*-5'8G)5#-8,8,0(-P5--d\Q&Q"6#8)*W BCDBf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d;\Q&WBCDJfH+(- '8@*-52-8@*/*28)*@U0(0(*,0*,08,83,'#*5-,>0#5,-)5#*,'75,@#*@6',>@-'6--8,'8,'*#,,>0(* -*#/'*'8-0-H+(*;\Q&'8@*-5'065227536#0(*#5,@G8#*P#85@27@*/*28)*@?6@*38#&*#/'*Q8-0-W5-U* (5/*,0(*V*0(*#25,@-H\,",>25,@W0(*G)2*G*,0508,835-82@;\Q&Q8@*83&*#/'*Q(5#>*-(5-2*@08 G8#*0#5,-)5#*,'75,@'2*5#*#>852-050*G*,0-38#5225'08#-H\,5@@08,W5,*b5G)2*835-*#/'*'8-0- P22,>U0(-6P-05,0508,->/*,W5,@)5#0*-'5,#*'*/*5'*#03'508,U(*,0(*7'8GG00(*G-*2/*-08 0(-Q8@*d;\Q&WBCDJfH\,0(-U57W0(*7'8,0#P60*085'2*5#5,@6,38#GU8#%G*0(8@H9P*-0)#5'0'*3#8G U('(0(*V*0(*#25,@-'5,2*5#,-0(*G)#8/*G*,0830(*'6##*,0>6@*38#-*#/'*'8-0-38#-(8)),> '*,0#*-W5,@*b)2'027,'26@,>0(*0*#G-5,@'8,@08,-5,@0(*2%*,0(*>6@*H+(*>6@*-(862@52-8P* G5@*8P2>508#738#0(*5'08#-W-80(500(*7'5,5'05''8#@,>27W,'26@*0,0(*#U8#%G*0(8@5,@#*'*/* #*'8>,08,,0(*38#G835'*#03'508,8#5))#8/52H F%#;40.,%#.<'%5/:",#/"'1,"+.? +(*,0*#/*U-'8,3#G0(*)#8P2*G-050*G*,00(50U5--%*0'(*@)#*/86-27,0(*#*-*5#'(38#)#5'0'5227 5220(*5'08#-d2*--**W2*--8#5,@)#8)*#07G5,5>*#fH+(*-*#/'*'8-0-)#8P2*G-5>#8U,>)#8P2*G5,@- 500#5'0,>*/*#OG8#*500*,08,3#8G0(*'8,'*#,*@5'08#-,0(*G5#%*0Hg*--**-WP6052-82*--8#-W,@'50* 0(50-*#/'*'8-0-5,@#*,052*b)*,-*-5#*'822*'0/*27-**,5-28'508,'8-0-5,@0(6-(5/*5,*33*'08,0(* )#830-830(*)5#0*-H+(-P#,>-0(*3,5,'52,0*#*-0-528,>U0(0W5,@)*8)2*U5,008(5/*'25#075P860 0(*35'083U(*0(*#8#,80'8-0-5#*8#5#*,80,'26@*@,0(*-*#/'*'8-0-5,@(8U(>(0(*'8-0-5#*W-8 0(500(*7'5,P*,'26@*@,0(*#*'8#@O%**),>H+*,5,0-0(6-)#*3*#3b*@)#'*-,U('(0(*-*#/'*'8-0- 5#*,'26@*@W-80(*0*,5,0-5#*,828,>*#'8,3#8,0*@530*#0(*35'0U0(5-*#/'*'8-0-,/8'*5,@)8--P2* 530*#)57G5,0-,0(*,*b07*5#H+(*2*--**-52-8-'*)0'525P8600(*'8G)*,-508,-0#6'06#*830(* )#8)*#07G5,5>*#H+(*)#8)*#07G5,5>*##*'*/*-5Ec5@G,-0#50/*'8G)*,-508,8/*#0(*2*/*2830(* -*#/'* '8-0-,/8'*H h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

,-0522508,-,0(*#*@*/*28)G*,08#6)>#5@,>835-(8)),>'*,0#*W5,@0(*2*--8#830*,@8*-,80(5/*08 )5#0')50*,0(*)57G*,0830(8-*P*'56-*0(*75#*,/*-0G*,0'8-0-H\0-830*,,80'2*5#U(505>#**G*,0-5,@'8,0#5'0-(5/*P**,G5@*W-80(500(*)#8'*--P*'8G*-G6#%75,@)8--P2*'8-0-5#*P22*@08-*#/'* '8-0-0(505#*,80-*#/'*'8-0-W8#0(*80(*#U575#86,@H48#0(-#*5-8,W0(*#*G6-0P*5'2*5#8/*#/*U U0(U(50'8,0#5'0-5,@5>#**G*,0-0(*#*5#*H+(--83,326*,'*8,P80(0(*'6##*,0G*0(8@5,@5,7,*U G*0(8@-0(505#*8,0(*#-*d*H>H3b*@3**-fW5,@0(-'5,P*5@-0,'0/*,0*#*-0,0(*3606#*H\0-52-8 G)8#05,00838'6-G8#*8,0(*5'(*/*G*,083#*-620-5>5,-0#*5-8,5P2*'8-0-H+(*]CXBC#62*83T5#*08 dm8'(wbcddf-5>88@-'52*wu(*#*p78,27bcc830(*'8-0-5#*'(5,>,>3#8g5k652072*/*283b085k65207 2*/*283]WP60]Cc830(*'8-0-5#*#*k6#*@08>83#8G5k652072*/*2]085k652072*/*283DCHT*8)2*0(6- (5/*08#*'8,-@*#U(*0(*#0(50-#*52-0'5,@@*-#5P2*38#0(*-(8)),>'*,0#*H Q8,'*#,,>0(*-*#/'*'8-0-W)5#0*-5>#**0(500(*2*>523#5G*U8#%38#0(*0G*P*,>-088G*5>#*5,@ 0(500(*#*5#*d088f3*U25U-5,@#*>62508,-HT5#0*-830*,@#5U0(*#8U,'8,'26-8,-'8,'*#,,>0(* -*#/'*'8-0-H+(-2*5@-08525'%838/*#->(0W5,@)5#0*-(5/*@33'6207(82@,>*5'(80(*#5''86,05P2*38# '*#05,@*'-8,-8#P*(5/86#52#62*-Hh(*,0(*#*5#*,825U-5,@#*>62508,-'8,'*#,,>0(*-*#/'*'8-0-W -6'(5-0*,5,'725UU0(#*,0525>#**G*,0-W0(*@-'6--8,U22'8,0,6*08*b-0HM,*830(*#*-)8,-*-3#8G 5)#8)*#07G5,5>*#,@'50*@0(50W,8#@*#0805%*8,0(*)#8'*--U*22W0-,*'*--5#708'#*50*5,*b)*#0 0*5G38#0(*-*#/'*'8-0-Hq86'5,(*#*P70(,%5P8605-*#/'*'8-0-'8GG--8,8#@*)5#0G*,00(50W 5''8#@,>080(*)#8)*#07G5,5>*#W@*52-U0(0(*-*#/'*'8-0-5,@5'0/*27G5,5>*-'8,0#5'0-WG5%*-'2*5# 5>#**G*,0-5,@*,-6#*-5-0#*5G2,*@W0#5,-)5#*,0W*33'*,05,@*33*'0/*-*#/'*'8-0-)#8'*--H\30(* )#8)*#07G5,5>*#'5,0(6-G5,5>*0(*)#8'*---8-G880(275,@'8,0,686-27,38#G-0(*0*5G5P8600(* -0506-5,@5>#**G*,0-W0(-U22'8,0#P60*085>88@-*#/'*'8-0--*002*G*,0H\,5@@08,W8,*#*-)8,@*,0,@'50*@0(500(*#*5#*52-8)8-0/*5-)*'0-080(*-*#/'*'8-0-H\3W38#*b5G)2*W8,*-28'50*@,5,8#G52 -(8)),>-0#**0W0(*,0(*'822*'0/*5@/5,05>*-0(505-(8)),>'*,0#*833*#-5#*25'%,>H\,5,8#G52 -(8)),>-0#**0W8,*(5-085##5,>*5,6GP*#83-*#/'*-P70-*23WU(2*U0(5-(8)),>'*,0#*W0(*-*0*G- 5#*522833*#*@H\0-0(*#*38#*G)8#05,038#0(*G5#%*0,808,2708*b)8-*0(*,*>50/*5-)*'0-830(*-*#/'* '8-0-WP6052-808#*'8>,-*0(*5@/5,05>*-H+(*,0*#/*U-52-8#*32*'0*@0(500(*'6##*,0-*#/'*'8-0- )#8'*---P*,>#*,*U*@W5,@0(*#*U22'*#05,2752-8P*5@/5,05>*--**,3#8G8)0G-508,830(*'6##*,0-7-0*G5,@0(*3b*@O3**-7-0*GH+(*5'08#-@8(5/*0(*##*-*#/508,-U0(U(*0(*#53b*@O3**-7-0*G8# #-%O)5#0')508,-7-0*G U22 5'065227 P* G)2*G*,0*@H +(-'8G*-,)5#0 3#8G 0(* >#*50'(5,>*- 0(50 >8 528,>U0(0(-5,@U(50,326*,'*0(-(5-8,0(*'6##*,0G*0(8@-5,@)#8'*--*-H \,'8,'26-8,W0(*,0*#/*U-#*/*520(500(*#*52*-050*G5,5>*#(82@-0(*%*708-(8U,>0(50(*-, '8,0#825,@%,8U-U(50(*-052%,>5P860U(*,0'8G*-080(*-*#/'*'8-0-)#8@6'0H\,0(-#*-)*'0(*(5-5P>'(522*,>*,8#@*#08*2G,50*0(*)#8P2*G-5,@-'*)0'5250006@*83P80(0(*2*--**5,@0(*2*--8#P7F O *,-6#,>5-05,@5#@W0#5,-)5#*,05,@6,38#G-*#/'*'8-0-)#8'*--n O 6-,>-05,@5#@@*3,08,-n O '#*508,83'2*5#3#5G*U8#%-0(#86>(0(*6-*83'2*5#25U-5,@#*>62508,-n O G5)),>833,5,'525,@3-'52'8,-*k6*,'*-n O (5/,>)5#0*-5''*)00(*##*-)8,-P20*-n O '#*508,835,G)#8/*@5,@8P2>508#7>6@*8#-*#/'*'8-0-'8@*W8#5>6@*08U('(0(* )5#0*-'5,'8,38#G5,@0(50'8,0#P60*-08G8#*0#5,-)5#*,'75,@-05,@5#@-508,n O -(8U,>0(*-*#/'*'8-0-5-G8#*835'8GG*#'52)#8@6'0W-80(50G8#*'8G)*008,5#-*- 5,@)5#0*-G5%*G8#*835,*338#0n O 5@8)0,>5'#0'5250006@*U0(#*-)*'0080(*0(#**)5#0*-5,@0(*#*P7,@'50,>U(*#* 0(*)5#0*-5#*3522,>-(8#08#U(*#*0(*#*5#*8))8#06,0*-,0(*G5#%*00(5052-8(*2)08 '#*50*5'2*5#W0#5,-)5#*,05,@6,38#G-*#/'*'8-0-)#8'*--H F%#;40.,%#.<'%5/:";*."-./0&9*#*49.". h0(,0(*)8#0382883qr;"w0(*#*5#*j]-(8)),>'*,0#*-5,527-*@8,2738#-*#/'*'8-0-,#*2508,08 #*,052)#'*-W-N*W@-0#P608,%*7-5,@0(*2%*H\,0(*5,527--G5@*38#0(*)8#0382883QR;"W0(*2*/*283 0(*-*#/'*'8-0-U5-,05227*b5G,*@H4#8G0(-W5,5/*#5>*P5,@U@0(U5-'#*50*@38#5#5,@8G -*2*'08,83pEK2*--**-,j]@33*#*,0-(8)),>'*,0#*-d,@88#W860@88#WG6'(5,@2002*)6P2'-)5'*W*0'HfW 5,@0(--(8U*@0(500(*5/*#5>*-*#/'*'8-0--050DCHiBcU0(#*-)*'0080(*5/*#5>*#*,052)#'*H+(* 5/*#5>* -*#/'* '8-0- )*# G B 5'#8-- 0(* )#*/86- G*,08,*@ -5G)2* '8G*- 860 08 r DpWK]W U(*#*P7 "#%#&"'(%")#**'""#+,#-+,#.,/0*/,"1%%'1*./2%"&",2"#*'"#3'"/*,4"'."#1*./2%"&5*#*2"'.& &

5G86,0*@085/*#5>*#*,052)#'*'8G*-86008rD]iW]J)*#G B H+(*P5,@U@0(U0(,0(*-*G522-#5,>* 3#8Gr]W]D)*#GB38#5,8)*,G5225,@ripWDj)*#GB38#5,*,'28-*@G522H+(*28'508,'8-0-d#*,052 )#'*e-*#/'*'8-0-f38#5#*052*#,5@@08,5g86,0085#86,@dcc830(*>#8--#*/*,6*835#*052*#h48# 0(*P*,'(G5#%0(50hT:dBCDJf(5-*-05P2-(*@W0(*-(8)),>5#*5-5#*'25--3*@5''8#@,>080(*6-652 '25--3'508, 83,*>(P86#(88@ -(8)),> '*,0#*-W @-0#'0 -(8)),> '*,0#*-W 25#>*O-'52* '8,'*,0#508,-W,,*#O'07)#8L*'0-*0'HW0(*,508,5228'508,X#*>8,W'25--3'508,,08-N*830(*080523288#-)5'*d08052?49f5,@P7-)5052-*0O6)d8)*,8#'8/*#*@fH\,0(*)8#0382883QR;"W0(*#*U5-5,*b5G,508,835,6GP*#83)8,0-W5,@0(*38228U,>'25--3'508,U5-'#*50*@d5,@8,P5--83)6P2'508,83hT:dBCDJfF c-*#/'*'8-0-)8,0-u0(#*-)*'0080(*08052 DH 9@G,-0#508, jc BH "2*'0#'07 D]c jh?5- DJc JH Q5#*05%*# Jc EH d#*>625#fq2*5,,> BDc KH h5-0*0#*50g*,0 Ec ih T*-0'8,0#82 Dc ]H &*'6#075,@G8,08#,> Djc ph 4#*-53*07 Ec DCH &)#,%2*#,-0522508, Jc DDH g30- Bc DBH "-'52508#- Bc Dj d5608g50'f9''*--@88#- jc DJH M0(*#0*'(,'52,-0522508,-d-)*'3'508,,*'*--5#7f Bc DEH M0(*#'8-0)8,0-d-)*'3'508,,*'*--5#7f jc DCCc 4*5(6E6#)802<0))#56()(&7#+(+0)8)1#8,&()<(+88088,(808*6/01.2#%&(3 \,5@@08,W5'5-*-06@75,527--U5-@8,*38#0(#**-(8)),>'*,0#*-3#8G0(*)8#0382883QR;"H4#8G0(-W 0'8G*-080(*38#*0(50@33*#*,035'08#-5#*83,326*,'*8,0(*-*#/'*'8-0-H+(*-*35'08#-5#*F DH 28'508,5,@>*8>#5)('52)8-08,n BH 8)*,8#'28-*@-(8)),>'*,0#*n jh @*-#*@k652072*/*2n JH -6#35'*5,@-)5052-*0O6)n EH )6P2'5#*58#,80n KH )#*-*,'*8325#>*#*052*#-n ih 38800#533'W5,@n ]H *b-0*,'*83##*>625#5>#**g*,0-'8,'*#,,>0(*-*#/'*-'8-0-h +(*-*#/'*'8-0-)5'%5>*-83-(8)),>'*,0#*-25#>*27'8##*-)8,@U0(*5'(80(*#W5-0(*-*5#*,'26@*@, 0(*#*,0525>#**G*,0-H=8U*/*#W0(*-*@8,805))*5#08P*@#*'027'8G)5#5P2*P*'56-*F 0(*)#G5#7'8,'26-8,-0(50U(50-,'26@*@,0(*#*,0525>#**G*,0@8*-,8052U57-'8##*-)8,@ U0(U(50-5'065227P22*@H\,0(*#*,0525>#**G*,0W0(*)5'%5>*-830*,G8#*P#85@27@*-'#P*@ P*'56-*'*#05,-*#/'*-5,@@*2/*#*-5#*5))2'5P2*38#8,*'8G)2*bWU(2*38#5,80(*#'8G)2*bW 0(*75#*,80H+(6-W38#*b5G)2*W0(*#*-,8-*'6#07d,)6P2'5#*5-f,'*,0#*DWP600(*'8-0)8,0 83Z-*'6#07[-,'26@*@,0(*2-083-*#/'*'8-0,0(*#*,0525>#**G*,0n 0(*P22,>-,806,38#GW5,@0(*G*0(8@83)#*-*,0508,830(*P22,>'5,@33*#n 0(*#*-,8052U57-5,*b)25,508,>/*,8/*#U(50-(5#*5'*#05,2*--**P*5#-5,@'8,0#P60*-W5,@ 0(*#*-,8*b)25,508,>/*,830(*'8-0)8,0-n 0(*#*-,8@*G5#'508,2-0*-05P2-(*@0(50-(8U-U(50-8#-,80,'26@*@,0(*-*#/'*'8-0-n -(8)),>'*,0#*-@33*#'8,-@*#5P27,-0#6'06#*5,@-N*HM,*'*,0#*(5-*-'52508#-5,@230-WU(2*,80(*#'*,0#*-0(*-*5#*,80)#*-*,0n 0(*P22,>5,@5'0652@*2/*#*-@33*#->,3'5,027W5,@0(-'5,P**b)25,*@P7F o '*,0#*DF5,*b0*,-/*)5'%5>*(5-P**,,'26@*@,0(*#*,0525>#**G*,0WP600(*#*-5 -G522)5'%5>*835'0652-*#/'*-5,@@*2/*#*-n o '*,0#*BF5,*b0*,-/*)5'%5>*(5-P**,,'26@*@,0(*#*,0525>#**G*,0WP600(*#*-5 G8@*#50*)5'%5>*835'0652-*#/'*-5,@@*2/*#*-n "#%#&"'(%")#**'""#+,#-+,#.,/0*/,"1%%'1*./2%"&",2"#*'"#3'"/*,4"'."#1*./2%"&5*#*2"'.& "&

o '*,0#*jF5,*b0*,-/*)5'%5>*(5-P**,,'26@*@,0(*#*,0525>#**G*,0W5,@0(*#*-5, *b0*,-/*)5'%5>*83-*#/'*-5,@@*2/*#*-dh5h'*,0#*g5,5>*g*,0w(8-)05207w*0'hf )#8/@*@H+(-'*,0#*5@@08,5227(5-G5,7*-'52508#-5,@230-5,@0(6-(5-5->,3'5,027 (>(*#)#'*38#0(*-*#/'*'8-0-)*#G B H 0(*)5'%5>*83-*#/'*-5,@@*2/*#*--0(*#*38#*,80@#*'027/-P2*0852*--**H +(*6-*5,@,**@38#P*,'(G5#%-5,@@*/*28),>0#5,-)5#*,'7,0(*-*#/'*'8-0-38#-(8)),>'*,0#*-- */@*,0H\,5@@08,W0-,0*#*-0,>08*b5G,*U(500(*@33*#*,'*-5#*,0(*2*/*283-*#/'*'8-0- P*0U**, @33*#*,0 -(8)),> '*,0#*- 5,@ P7 U('( 0(*-* @33*#*,'*- U22 P* '56-*@H =8U*/*#W 0 - )#8P2*G50'38#-(8)),>'*,0#*-0(50*5'(-(8)),>'*,0#*-6,k6*5,@0-830*,-**,5-5)#8@6'08# *,0*#)#-*U0(8605,*k6/52*,0H+(*-(8)),>'*,0#*@*)*,@-8,G5,735'08#-W5,@0-G)8#05,008%,8U 0(500(*-*@33*#*,'*-5#*-(8U,,0(*'8-0-dAggWBCDjfH+(*-*35'08#-)5#0275#-*3#8G0(*35'00(50g8'506-52#*5@7@/@*--(8)),>'*,0#*-5,@-(8)),>5#*5-,08-*/*,@33*#*,007)*-83-(8)),>'*,0#*-,0(* V*0(*#25,@-dg8'506-WBCCifH"5'(-(8)),>'*,0#*-0(6--0#6'06#*@@33*#*,027H\,5@@08,W0(*#*5#* @33*#*,035'08#-5,@,326*,'*-5))2'5P2*38#*5'(-(8)),>'*,0#*WU(*#*P7*5'(-(8)),>'*,0#*0(6-F O 500#5'0-@33*#*,0,6GP*#-5,@07)*-83/-08#-5,@0(*#*P7@33*#-,38800#533'n O (5/*@33*#*,0'8G)8-08,-83-(8)-d5--8#0G*,05,@@/*#-07fn O 5#*83@33*#*,08#@*#-83-N*dG B fn O -8G*0G*-@85,@-8G*0G*-5#*,80,/82/*@,0(*d'822*'0/*f@*2/*#783*2*'0#'075,@*,*#>7n O -05,@50@33*#*,028'508,-d>*8>#5)('52)8-08,fn O -0#/*38#@33*#*,02*/*2-83k65207n O )#8/@*5@33*#*,0*b)*#*,'*5,@*b)*#*,052/526*n O '5,P*8)*,8#'28-*@n O (5/* 25#>*# 8# -G522*# )6P2' '8GG6,07 5#*5-n, U('( 5>*W -)5052 -*0O6)W G*'(5,'52 5,@ *2*'0#'52*k6)G*,05,@,-0522508,-W'5,P*'8G)5#*@8,5P-0#5'02*/*2--6'(5-(86#27U5>*83 -*'6#07W'2*5,*#-5,@0(*2%*5,@0(*6-*83mT\-'5,)#8/@*5P*00*#'8G)5#-8,83-*#/'*'8-0-H h0(5>88@p*,'(g5#%-*#/'*'8-0-'5,p*'8g)5#*@u0(*5'(80(*#w5,@,0(-u57w@*)8-0-5,@ -*002*G*,0'5,P*P*00*#52>,*@H9>88@P*,'(G5#%'5,52-8-(8U5'2*5#P5,@U@0(830(*-*#/'*'8-0-H +(*P5,@U@0(,-*#/'*'8-0-@33*#-)*#-(8)),>'*,0#*W)*#07)*83-(8)),>'*,0#*5,@830*,52-8)*# 8U,*#H48#-*#/'*'8-0-83-(8)),>'*,0#*-W0(-P5,@U@0(U22P*-86>(0,5G5bG6Gd(>(*-0f5G86,0 5,@5G,G52d28U*-0f5G86,00(50U22P*)5@38#5'*#05,-*#/'*H\,8#@*#08@*/*28)5>88@P*,'(G5#%W 5,6GP*#83)#*'8,@08,-5#*5))2'5P2*F O )#8/-8,83/52@@*052-n O '6##*,0@5055,@'6##*,0G5,0*,5,'*'8,0#5'0-n O 0G*27-*002*G*,0-80(500(*#*-,88/*#25)n O 53b*@,6GP*#dDEOBCf83'8-0)8,0-U('(U22P*P*,'(G5#%*@,8#@*#08%**)0G5,5>*5P2*n O,6GP*#-(5/*08P*)#8/@*@5''8#@,>0853b*@5,@-05,@5#@-*@38#G50n O '2*5#@*-'#)08,83U('(-(8)),>'*,0#*W0(*07)*83-(8)),>'*,0#*W0(*@/*#-0783-(8)-W0(* 38800#533'W0(*-0#6'06#52'(5#5'0*#-0'-5,@0(*28'508,08U('(0(*,6GP*#-5))27H +(*G8#*)*8)2*5#*5P2*08-G)2370(*)#8'*--5,@5#*5P2*08G5%*'2*5#*#W0#5,-)5#*,05>#**G*,0-W0(* -88,*#0-)8--P2*08>*0085'8##*'05,@5''*)0*@P*,'(G5#%,0(*-*#/'*'8-0-38#-(8)),>'*,0#*-H ;"QM::"V19+\MV&4M;+=":9;m"+<4MggMhO.T;"&"9;Q= M,0(*P5--830(-#*-*5#'(W5,@P5-*@8,0(*Z%*,>*0522*,-088%O*,-*#/'*%8-0*,[dhT:?#8*)WBCDJf,08-*#/'*'8-0-38#-(8)),>'*,0#*-W0(*38228U,>#*'8GG*,@508,-5#*@*3,*@38#-*#/'*'8-0-F F(+0>>(.-*8#0.) =%5G(+8 4*:(*+8#0. DH.,38#G'50*>8#-508,83'8-0)8,0- +(*#*-*5#'(-(8U-0(500(*#*5#*G5,7@33*#*,0'25--3'508,-5,@'8@,>-7-0*G-,6-*H+(* G5,5>*G*,05,@#*'8#@O%**),>-7-0*G-830*,833*#(6,@#*@-83-*#/'*'8-0-)8,0-H+(-'56-*- '8,36-8,,0(*>*,*#508,83,/8'*-H\,)#5'0'*W05))*5#-0(500(*#*-8,2752G0*@,6GP*#d'5H DEOBCf830(*-*'8-0)8,0-0(505#*5'0652276-*@d2%*0(*P*,'(G5#%38#833'*-fH\0-52-8G)8#05,0 0(500-%,8U,U('(,-0522508,-W5G*,0*-5,@0(*2%*5#*)#*-*,05,@U(50)5#0*-@8,*P6-,*-- U0(d-*0O6)5@*G5#'508,2-0fH&**52-85))*,@bB38#5,8/*#/*U830(*-*-05,@5#@'8-0-H ;*52 *-050*O G5,5>*#X &05%*(82@#O 8#>5,-508, "#%#&"'(%")#**'""#+,#-+,#.,/0*/,"1%%'1*./2%"&",2"#*'"#3'"/*,4"'."#1*./2%"&5*#*2"'.& "&

BH +G*27-*002*G*,0dU0(,5,*-05P2-(*@0*#Gf 90)#*-*,0W,8(5#@5,@35-0#62*-*b-05P8600(*0G*27-*002*G*,0830(*-*#/'*'8-0-H?88@ 5>#**G*,0-5P860U(*,0(*3,52P22,>-)#8/@*@U22*,-6#*0(50522)5#0*-(5/*G8#*'25#075P860 0(*'8-0-H\0-G)8#05,008602-*53b*@)*#8@83W38#*b5G)2*W0(#**8#-bG8,0(-H+(*(86-,> G5#%*0-5>88@*b5G)2*n0(5-52#*5@7*-05P2-(*@0(500*G-5#*-*002*@U0(2*--**U0(,-b G8,0(-830(**,@830(*7*5#H jh JH &05,@5#@G8@*238#-*#/'*'8-0-P22,> +(*>#*50/5#*0783@*->,-5,@-0#6'06#*-38#-*#/'*'8-0-P22,>-(862@P*2G0*@0(#86>(0(* G)2*G*,0508,835-05,@5#@G8@*238#-*#/'*'8-0-H\,5@@08,W0-G)8#05,00(50'25#0738#0(* 2*--**5P860U(50-*#/'*-5,@@*2/*#*-U22P*833*#*@dG*,65,@@*G5#'508,2-0fH9-05,@5#@ G8@*238#0(*-*#/'*'8-0-P22,>-,*'*--5#7H&**52-85))*,@bE38#5-05,@5#@-*#/'*'8-0-P22H :5#%*0'8,38#G07 \0-G)8#05,00(500(*#*-5'#0'525,,652#*/*U830(*-*#/'*'8-0-H48#*b5G)2*W5#*'8-0--022, 2,*U0(k65207P*,>@*2/*#*@s\,5@@08,W0(*#*-(862@P*#*>625#d*/*#7j7*5#-f#*,*U52830(* )#8'6#*G*,0)#8'*--8#ZG5#%*00*-0,>[08-**U(*0(*#0(*)#'*-83'8,0#5'0-5#*-022G5#%*0 '8,38#GW*,-6#,>G8#*'8G)*00/*WG5#%*0O'8,38#G,>)#'*-,-0*5@835,,652>#8U0(0(#86>(,@*b,>H\,5@@08,W0(**-05P2-(G*,083mT\--5>88@,@'508#0(50'5,(*2)08G*5-6#*-*#/'* '8-0-2*/*2-5,@08'8G)5#*0(*GU0(*5'(80(*#H+(*-(8)),>'*,0#*k65207G8,08#'5,)#8/@* 5,G)8#05,0'8,0#P608,'8,'*#,,>0(*5))*5#5,'*830(*-(8)),>'*,0#*W0-28'508,W'6##*,0 #*k6#*g*,0-w*0'*0*#5h\,5@@08,w0-g)8#05,00(500(*-*#/'*-5,@@*2/*#*-5#*5,527-*@5,@ G5@*G*5-6#5P2*H\,'8225P8#508,U0(QR;"W5,,052-05#038#0(-(5-P**,)#8/@*@P70(*-05#0O 6)830(*ZQR;"?28P52T#*G*#T#8)*#0*-[)#8>#5GG*W5,@5Zl65207:*5-6#*G*,0[dQR;"WBCDJ5f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ih ]H ph Q2*5#5,@-0#'0*##*>62508,83-*#/'*'8-0-)#8'*--*- \,",>25,@W0(*#*-0(*Z&*#/'*Q(5#>*Q8@*[*-05P2-(*@P7;\Q&H+(-'8@*>/*-,->(0,080(* -*#/'*'8-0-5,@-*-05P2-(*@U0(0(*>852832G0,>0(*-*#/'*'8-0-)#8P2*G,",>25,@W5, 5,527--830(-'8@*-)#*-*,0*@,5))*,@biH9-G25#@*/'*-,*''*5-5#738#0(*V*0(*#25,@-W 5,@0(-'5,P*@*/*28)*@,085?6@*BHCH\0-G)8#05,00(50)5#0*-5#*#*k6#*@5-G6'(5- )8--P2*08602-*56,38#GG*0(8@W5,@08#*U5#@0(*G38#@8,>-8U0(#*'8>,08,d5'*#03'50*f U(*,)5#0*-'8,38#G08-6'(5)#8'*--H+(-6,38#GG*0(8@-(862@P*'5##*@860P7-05%*(82@*# 8#>5,-508,-H\,5))*,@bKW538#G50P5-*@8,0(*'6##*,0G5,6525,@8,0(*;\Q&W-)#*-*,0*@H &G522O-'52*5,@)*#8@'52G5,0*,5,'* \, 8#@*# 08 2G0 0(* @-'6--8, 83 0(* k6*-08, U(*0(*# -8G*0(,> - 8# -,80 -G522O-'52* G5,0*,5,'*WP*00*#5>#**G*,0--(862@P*G5@*HQ8,-@*#(*#*0(**-05P2-(G*,0835)*#'*,05>*83 0(*,/*-0G*,0 8# 5, 5G86,0 0(50 - *-05P2-(*@ 5-5 2G0H +(* -5G* '86,0-38# )*#8@'52 G5,0*,5,'*W5'2*5#G80/508,-0(*#*38#*,*'*--5#7H Q2*5#5>#**G*,0-'8,'*#,,>-'52*@-'86,0- h0('8gg*#'525>#**g*,0-u0(-8o'522*@z5,'(8#0*,5,0-[w0(5))*,-u(*,5>#**g*,0-5#*g5@* 5P8602G0,>5,@G5bG-,>0(*-*#/'*'8-0-H+(*-*'8,'*#,-)#G5#270(*25#>*#2*--**-W-6'(5- -6)*#G5#%*0-W25#>**2*'0#8,'-O5,@35-(8,'(5,-H+(*-*Z5,'(8#0*,5,0-[(5/*,'#*5-,>)8U*#, 0(*'6##*,0G5#%*05,@0(*#*38#*G5%*@*G5,@-830(*2*--8#38#2G0,>#*,052'8-0-5,@-*#/'* '8-0-085'*#05,5G86,0H\0-G)8#05,00(50'2*5#5,@0#5,-)5#*,05>#**G*,0-5#*G5@*W5,@0(500 -'2*5#(8U0(*'8-0@-0#P608,-@8,*5,@U(8P*5#-0(*#-%,0(*-*'5-*-H DCH Q28-,>&*#/'*g*/*29>#**G*,0- +(*'28-,>83t&*#/'*g*/*29>#**G*,0-uU0(0(#@)5#0*-d-6'(5-'8,0#5'08#-5,@)#8/@*#-83 G5,0*,5,'*f*,-6#*P*00*#5>#**G*,0-U0()5#0*-0(50G6-0'5##78605,7#*)5#-8##*-82/* @-#6)08,-H\0'5,P**-05P2-(*@U(50)#'*G57P*P22*@W(8Uk6'%275)5#07G6-0P*5/525P2*5,@ U(500(*k652072*/*2-HR600(--52-8G)8#05,038#G5%,>5>#**G*,0-U0(2*--**-W5,@0(*#*38#* 0(**-05P2-(G*,083m*7T*#38#G5,'*\,@'508#-dmT\[-f-5>88@,@'508#0(50U22'8,0#P60*08 &05%*(82@#O 8#>5,-50, g5,@28#@x &05%*(82@#O 8#>5,-50, g5,@28#@x ;*52 "-050*O G5,5>*# g5,@28#@x ;*52 "-050*O G5,5>*# "#%#&"'(%")#**'""#+,#-+,#.,/0*/,"1%%'1*./2%"&",2"#*'"#3'"/*,4"'."#1*./2%"&5*#*2"'.& "&

G5%,>-*#/'*'8-0-2*/*2-G*5-6#5P2*5,@'8G)5#5P2*H DDH \G)#8/*@>6@*38#-*#/'*'8-0- +(#86>(0(*-)*'3'5))#85'(,0(*;\Q&Q8@*83&*#/'*Q(5#>*,",>25,@W5'8G)#*(*,-/* @*-'#)08,830(*-*#/'*'8-0-)#8'*--W0(-",>2-(/*#-8,)#8/@*-5,5,-U*#080(*G5,7k6*-08,- U0(,0(*-*#/'*'8-0-)#8P2*GH\,5@@08,W0(*Q8@*2*5@-08G8#*0#5,-)5#*,'75,@6,38#G07W U('(P*,*30-0(*(5,@2,>83-*#/'*'8-0-5,@U(*#*0(*>#*50*-0)25,)8,0-5#*6-6522728'50*@H\0 U862@0(*#*38#*P*>88@3-6'(5'8@*X>6@*U862@P*G)2*G*,0*@,0(*V*0(*#25,@-W08U('( )5#0*-'5,5@(*#*5,@'8,38#GH&**52-85))*,@bK38#5-0*)P7-0*))25,38#5,G)#8/*@>6@*H DBH &*0O6)83)*#38#G5,'*O38'6-*@'8G)*,-508, \,8#@*#08%**)-*#/'*'8-0-,'8,38#G5,'*U0(0(*G5#%*05,@6,@*#'8,0#82W5-0G626-U22P*,**@*@38#522)5#0*-'8,'*#,*@W5,@0(*,*>50/*-0G626-835Ec5@G,-0#50/*'8G)*,-508,8/*# 0(*2*/*2830(*-*#/'*'8-0-P22,>-(862@P*#*)25'*@U0(W38#*b5G)2*W5)*#38#G5,'*O8#*,0*@ '8G)*,-508,H DjH &*0O6)835P*,'(G5#%d8,2735)#8)*#5,@'2*5#'8G)5#-8,'5,P*G5@*f +(*'#*508,83G8#*0#5,-)5#*,'7W'8,-'86-,*--W'25#075,@G5,5>*5P207-5#*'8GG*,@508, 0(50U22->,3'5,027#*@6'*0(*)#8P2*G'8,'*#,,>-*#/'*'8-0-H9P*,'(G5#%5,@X8#>6@*2,*- )#8/@*>88@,@'508#-38#0(-H&**52-85))*,@bp38#5,5,527--830(*P*,'(G5#%83AggH DJH 922O,#*,052)#'*-d3b*@3**-*#/'*'8-0-G*0(8@f 922O,#*,052)#'*-5#*)#8P5P275U57,8#@*#08#*G8/*0(*)#8P2*G83-*#/'*'8-0-H=8U*/*#W0(- U22G8-02%*27-(300(*@-'6--8,83-*#/'*'8-0-080(*2*/*2830(*#*,052)#'*-H+(-'5,W(8U*/*#W 52-8 833*# '8GG*#'52 5@/5,05>*- 08 P80( 0(* 2*--** 5,@ 0(* 2*--8#H M, 8,* (5,@W 0(*#* - 5, 5@/5,05>*080(*2*--**P*'56-*(*8,27(5-08G5,5>*8,*'8-0)8,0W,5G*270(*28'508,'8-0-W5,@ 8,0(*80(*#(5,@080(*2*--8#5,@)#8)*#07G5,5>*#P*'56-*-*)5#50*P22,>,828,>*#(5-08P*-*0 6)H+(*#*-(862@P*5'2*5#@33*#*,'*P*0U**,522O,#*,05,@3b*@3**-H\0-52-8G)8#05,008-)*'37 U(500(*#*,052)#'*-U0(#*-)*'0080(*-*#/'*'8-0-H DEH ;-%)5#0')508,d#-%)5#0')50*@-*#/'*'8-0-G*0(8@f ;-%)5#0')50*@ -*#/'*'8-0G*0(8@- 5#* /*#7 -G25# 08 0(* 3b*@ 3** G8@*2H =8U*/*# U0( 0(- G*0(8@52-80(*#*52*-050*G5,5>*#05%*-'*#05,#-%H+(*#*52*-050*G5,5>*#-0(*#*38#*G8#* 5U5#*83(*U8#%(*@8*-H+(-'5,P*5))2*@08P80(0(*'6##*,0-*#/'*G8@*25-U*225-0(*3b*@ 3**5,@0(-G*0(8@'5,P**b0*,@*@085,*UP6-,*--G8@*238#0(*#*52*-050*G5,5>*#H DKH DiH T5'%5>*-83-*#/'*'8-0--(862@P*5@5)0*@08U5#@-0(*'(5,>,>G5#%*0 V*b0080(*35'00(5025,@28#@5,@)#8)*#07G5,5>*#-(862@)#8/@*2*--**U0(0#5@08,52-*#/'* '8-0-)5'%5>*d'2*5,,>W-*'6#07WG5,0*,5,'*W*0'Hf0-52-8,*''*-5#7080(,%5P8600(*5@@*@ /526*83-*#/'*'8-0-H+(*25,@28#@5,@)#8)*#07G5,5>*#-(862@0(,%,0*#G-83@-0,'0/*,*--2%* 0#*,@-,'#8--O'(5,,*25,@8G,O'(5,,*2-(8)),>5,@(8U0(*7'5,35'2050*0(*-*-*#/'*-H 9))27,>0(*h,%*2'*,0#6GmU520*0-G8,08# R7G*5,-830(*k65207G8,08#W-(8)),>G522-'5,P*'8G)5#*@08*5'(80(*#,0(*V*0(*#25,@-H +(* '*,0*#- 5#* G5,27 '8G)5#*@ 8, k65207w 5@@08,52 -*#/'*- 5,@ '8,-6G*# )*#'*)08,H \, 5@@08,W0(*-(8)),>'*,0*#k65207G8,08#-(862@P**b0*,@*@0852-8'8G)5#*0(*-*#/'*'8-0-50 /5#86--(8)),>'*,0*#-U0(*5'(80(*#H D]H dr@@,>38#d25#>*o-'52*fg5,0*,5,'*'8,0#5'0- g5#>*o-'52* P@@,> '5, P* 5 U57 08 ->,3'5,027 #*@6'* -*#/'* '8-0-H =8U*/*#W 0(*#* 5#* 52-8 @-5@/5,05>*--6'(5-)8--P2*)#'*3b,>5,@G8,8)827W2*--k652075,@G5,5>,>830(*U8#%-H +(-G6-0P*G5@*'2*5#5>#**G*,0-U0(0(*#*2*/5,0)5#0*-H DpH "-05P2-(G*,083#*52*-050*G5,5>*G*,08#>5,-508,5,@)#8'*--*- h(*,0(*3b*@o3**8##-%o)5#0')508,g*0(8@-'(8-*,w0(*#*52*-050*g5,5>*g*,08#>5,-508, U22(5/*0805%*->,3'5,0G*5-6#*-,8#@*#08-*06)0(*-7-0*G5))#8)#50*27H\0@*)*,@-8,G5,7 35'08#-W5,@0(*'6##*,0-*#/'*'8-0--7-0*GU22@#5-0'5227'(5,>*H+(*-7-0*GU22P*'8G*G8#* )#85'0/*,-0*5@ 83 #*5'0/*W 5,@ G6'( G8#* '6-08G*#O38'6-*@H \, 0(-W 38# *b5g)2*w #-% G5,5>*G*,0P70(*2*--**W2*--8#5,@)#8)*#07G5,5>*#)257-5,G)8#05,0#82*H &05%*(82@#O 8#>5,-50, ;*52 *-050*O G5,5>*#X &05%*(82@#O 8#>5,-50, &05%*(82@#O 8#>5,-50, g5,@28#@x &05%*(82@#O 8#>5,-50, g5,@28#@x #*52 *-050* G5,5>*#X -05%*(82@#O 8#>5,-50, g5,@28#@x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b*@O5,@522O,-*#/'*'8-0-@6*0(*'8,-*k6*,'*-38#0(*2*--8#W2*--**5,@)#8)*#07G5,5>*#H "#%#&"'(%")#**'""#+,#-+,#.,/0*/,"1%%'1*./2%"&",2"#*'"#3'"/*,4"'."#1*./2%"&5*#*2"'.& "&

LEESWIJZER =*08,@*#N8*%-8)>*P86U@/5,60**,P*%,8)0*5,527-**,#*2*/5,0*/5,(*0)#8P2**GW@8*2-0*22,>/5, (*08,@*#N8*%*,@*@55#PL(8#*,@*8,@*#N8*%-/#5>*,8G080**,8)28--,>/5,(*0)#8P2**G0*%8G*,H 155#,55-0-,@0**#-0*(883@-06%#**@-(*08,@*#N8*%-G8@*208*>*2'(0W52-88%@*53P5%*,,>/5,(*0 8,@*#N8*%H S88# @0 8,@*#N8*% U8#@0 @* -0#6'066# 8)>*P86U@ /5,60 @* (6@>* -0650* 8G0#*,0 @* -*#/'*%8-0*,*,(*#,U8#@0>*%*%*,U*2%*,>#*)*,*,)8>,>*,*##**@-NL,>*@55,8G(*0)#8P2**G 8G0#*,0-*#/'*%8-0*,*,(6-/*-0,>-25-0*,8)0*28--*,H \,(883@-06%B%8G*,@*d)25,G50>8,0U%%*2@*fU,%*2'*,0#5,V*@*#25,@55,P8@H=*08,0-055,/5,@* '*,0#5*,08*%8G-0/5,(*0U,%*225,@-'(5),V*@*#25,@U8#@*,(*#,P*%,8)0P*-'(#*/*,HM8%U8#@0@* 07)828>*/5,U,%*2'*,0#5,V*@*#25,@P*-'(#*/*,52-G*@*@*/*#5,@*#*,@*G5#%0/5,@*#*052-*'08#, (*052>*G**,,@*N*/*#5,@*#*,@**'8,8G-'(*0L@*,H=*#,U8#@0@*#*250*>*2*>@06--*,/*#-'(22*,@* 07)*,U,%*2'*,0#5*,@*-*#/'*%8-0*,H S*#/82>*,-U8#@0,(883@-06%j-)*'3*%-02>*-055,PL-*#/'*%8-0*,/88#U,%*2'*,0#5,V*@*#25,@H1* -05%*(82@*#-*,(55#P*25,>*,U8#@*,P*,8*G@W*#U8#@0**,60**,N*00,>>*>*/*,G*0P*0#*%%,>080@* (6-/*-0,>-25-0*,/5,@*(66#@*#W-*#/'*%8-0*,WU*0O*,#*>*2>*/,>dL6#@-'(5-)*'0f*,U*2%*35'08#*, /5,,/28*@ NL, 8) @* -*#/'*%8-0*,H +*/*,- U8#@*,, @0 (883@-06% @* /*#-'(22*,@* -*#/'*%8-0*,G*0(8@*%*,>*5,527-**#@*,P*-'(#*/*,H \,(*0/*#@*(883@-06%-055,@*-*#/'*%8-0*,,(*0P60*,25,@'*,0#552*,U8#@0*#**,5,527-*>*G55%0 8/*#Bi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dBHCf8)>*,8G*,H S*#/82>*,- U8#@0, (883@-06% K @* 55,N*0 /88# **, P*,'(G5#% /88# -*#/'*%8-0*, PL U,%*2'*,0#5 P*-'(#*/*,*,U8#@*,,050*/*,/5,hT:*,Agg>*5,527-**#@*,08*>*)5-08)@08,@*#N8*%H=*#, U8#@00*/*,-P*-)#8%*,U55#8G(*08,0U%%*2*,/5,**,P*,'(G5#%PLU,%*2'*,0#5N825-0>P2L%00*NL, *,U8#@*,@*N*35'08#*,88%P*,8*G@HM8%U8#@*,@*07)*-*#/'*%8-0*,>*@*3,**#@WU*2%*G8*0*, 2*@*,080G**#0#5,-)5#5,0**,6,38#G0*0*,(*#%*,,,>,@*G5#%0H155#,55-0U8#@0*#**,**#-0*W >2*P52*WP*,'(G5#%>*088,@8/*#@*P*(**#)8#0*3*622*/5,QR;"H \,(883@-06%i*,]U8#@0(*0*G)#-'(*>*@**20*/5,(*08,@*#N8*%W0*U*0*,@*'5-*-06@*-W,0*#/*U- *,3**@P5'%#8,@*/5,*b)*#0-WP*-'(#*/*,H"*,5,527-*/5,@*-*#/'*%8-0*,P,,*,@*)8#0*3*622*/5, QR;">550-)*'3*%,8)@*(88>0*/5,@*-*#/'*%8-0*,,#*250*080@*U,%*2'*,0#5H=*00U**@* 8,@*#N8*% P*0#*30 **, @*)>55,@*# '5-* -06@7 8,@*#N8*%W -)*'3*% >*#'(0 8) @#* /*#-'(22*,@* U,%*2'*,0#5H=*#60U8#@*,'8,'26-*->*0#8%%*,U*2%*,@*@**2'8,'26-*,(*0N*/*,@*(883@-06%55, P8@%8G*,H1*,0*#/*U-NL,53>*,8G*,PL@/*#-*G5#%0)5#0L*,*,P*25,>*,8#>5,-50*-@*522*G552 G*0-*#/'*%8-0*,PLU,%*2'*,0#50*G5%*,(*PP*,H 1*'8,'26-*-/5,(*08,@*#N8*%U8#@*,P*-'(#*/*,,(883@-06%p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

INHOUD Q82838,HHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHB S88#U88#@HHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHj :5,5>*G*,0&6GG5#7HHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHJ g**-uln*#hhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhdk 4>6#*,HHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHBC +5P*22*,HHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHBD DH M,@*#N8*%-8)N*0FT#8P2**G-0*22,><55,2*@,>HHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHBB DHD \,2*@,>HHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHBj DHDHD 95,2*@,>HHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHBj DHDHB T#8P2**GP*-'(#L/,>HHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHBE DHDHj M,@6@*2L%*@*3,0*/5,-*#/'*%8-0*,HHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHB] DHDHJ 93P5%*,,>HHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHBp DHB =883@/#55>HHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHjC DHj 1**2/#5>*,HHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHjC DHJ 18*2<#*-620550HHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHjD DHE ;*2*/5,0*HHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHjD DHEHD :550-'(5))*2L%*#*2*/5,0*HHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHjD DHEHB h*0*,-'(5))*2l%*#*2*/5,0*hhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhjb DHKH M,@*#N8*%-55,)5%HHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHjJ BH h,%*2'*,0#5,v*@*#25,@hhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhji BHD M,0-055,<8,0U%%*2,>/5,(*0U,%*225,@-'(5)HHHHHHHHHHHHHHHHHHHHHHHHHHHHHHj] BHB S*#5,@*#*,@*#*052G5#%0HHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHJC BHBHD V*6U*U,%*2)25,,,>HHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHJC BHBHB 1>052-*#,><0*'(,828>*HHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHJD BHBHj Q8,-6G*,0*,>*@#5>HHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHJB BHj +7)*,U,%*2'*,0#5HHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHJj BHjHD +7)828>*,55#2>>,>W/8#G*,55,P8@HHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHJj BHJ +8*)5--*,/5,@*h,%*2'*,0#6GmU520*0-G8,08#HHHHHHHHHHHHHHHHHHHHHHHHHHJJ BHE ;*250*06--*,07)*U,%*2'*,0#6G*,-*#/'*%8-0*,HHHHHHHHHHHHHHHHHHHHHHHHHHHHJK BHK ;*250*06--*,U,%*2'*,0#5W-*#/'*%8-0*,<@66#N55G(*@HHHHHHHHHHHHHHHJK BHi 1**2'8,'26-*HHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHJ] jh &*#/'*%8-0*,PLU,%*2'*,0#5F,*@*#25,@HHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHJp jhd&05%*(82@*#-5,527-**,-5g*,u*#%,>hhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhec jhdhd&05%*(82@*#-5,527-*hhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhec jhdhb&5g*,u*#%,>06--*,-05%*(82@*#-hhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhej jhb;*250*-*#/'*%8-0*,w(66#)#l-<(6-/*-0,>-25-0*,hhhhhhhhhhhhhhhhhhhhhhhhhhhhhhej jhj A6#@-'(%5@*#HHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHEE "#%#&"'(%")#**'""#+,#-+,#.,/0*/,"1%%'1*./2%"&",2"#*'"#3'"/*,4"'."#1*./2%"&5*#*2"'.& "&

jhj 4,5,'**2%5@*#HHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHEE jhe 9,527-*/5,07)*,-*#/'*%8-0*,HHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHEK jhk 9,527-*/5,@*/*#-'(22*,@*-*#/'*%8-0*,G*0(8@*,HHHHHHHHHHHHHHHHHHHHHHHHE] jhi 1**2'8,'26-*HHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHKB JH &*#/'*%8-0*,PLU,%*2'*,0#5FR60*,25,@HHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHKj JHDV*@*#25,@/*#-6-R60*,25,@HHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHKJ JHB&*2*'0*/5,07)*%8-0*,/82>*,-@*\Q&QHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHKJ JHBHD+7)*,%8-0*,HHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHKE JHBHB&*#/'*%8-0*,53#*%*,,>W,%8G-0*,*,/*#5,0U88#@,>%8-0*,HHHHHHHHHHKK JHj9,527-*8,@*#N8*%\Q&QF&*#/'*%8-0*,,"6#8)*-*25,@*,HHHHHHHHHHHHHHHHHHHHKi JHJ9,527-*;\Q&Q8@*83&*#/'*Q(5#>*HHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHK] JHER*-0)#5'0'*-HHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHK] JHK1**2'8,'26-*HHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHKp EH :5#%0,>#*)*,Fg*@#55@/88#-*#/'*%8-0*,PLU,%*2'*,0#5HHHHHHHHHHHHHHHHHHHHHHHiC EHD g*@#55@/88#-*#/'*%8-0*,plu,%*2'*,0#5,v*@*#25,@hhhhhhhhhhhhhhhhhhid EHB 9,527-*2*@#55@/88#-*#/'*%8-0*,PLU,%*2'*,0#5HHHHHHHHHHHHHHHHHHHHHHHHHHiB EHj V88@N5%*2L%*55,/622,>*,8)@*2*@#55@HHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHiB EHJ M,0U%%*2,>/5,-05))*,)25,/88#@*g*@#55@BHCHHHHHHHHHHHHHHHHHHHHHHHHHHHij EHE 9'0*)6,0*,/88#g*@#55@/88#-*#/'*%8-0*,PLU,%*2'*,0#5BHCHHHHij EHK M)N*00*,/5,%U520*0-G*0,>*,HHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHiJ EHi1**2'8,'26-*HHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHiE KH :5#%0,>#*)*,FR*,'(G5#%*,/5,-*#/'*%8-0*,HHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHiK KHD R*,'(G5#%*,/5,-*#/'*%8-0*,PLU,%*2'*,0#5HHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHii KHB V60*,,88@N55%/5,P*,'(G5#%,>HHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHii KHj R*,'(G5#%Agg,",>*25,@HHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHi] KHJ +7)*%8-0*,*,/*#@*2,>HHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHip KHE45'08#*,/5,,/28*@8)@*-*#/'*%8-0*,HHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH]C KHK R*,'(G5#%*,*,/*#>*2L%*,HHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH]B KHi1**2'8,'26-*HHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH]j ih Q5-*-06@*-HHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH]J ihd Q5-*-06@78,@*#N8*%HHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH]E ihb 9,527-*/5,j]U,%*2'*,0#5,U,%*2P*(**#)8#0*3*622*/5,QR;"HHHH]E ihj1#*u,%*2'*,0#5,v*@*#25,@,5@*#p*%*%*,hhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhh]p ihj1**2'8,'26-*hhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhpb ]H \,0*#/*U-<*b)*#0#8,@*HHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHpj ]HD\,0*#/*U-HHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHpJ ]HB4**@P5'%#8,@**b)*#0-HHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHDCC ]Hj1**2'8,'26-*-HHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHDCj "#%#&"'(%")#**'""#+,#-+,#.,/0*/,"1%%'1*./2%"&",2"#*'"#3'"/*,4"'."#1*./2%"&5*#*2"'.& "&

ph Q8,'26-*-HHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHDCJ phd Q8,'26-**,P*5,0U88#@,>8,@*#N8*%-/#5>*,HHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHDCE WARAS X"*#/+%%'&,#2Y%%<&1'**2HHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHDCp phb &*#/'*%8-0*,PLU,%*2'*,0#5,V*@*#25,@HHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHDDB phj &*#/'*%8-0*,PLU,%*2'*,0#5,(*0P60*,25,@HHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHDDj phj &*#/'*%8-0*,,@*)#5%0L%HHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHDDJ DCH 1-'6--*HHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHDDi DCHD:8>*2L%*/*#P*0*#)6,0*,*,G*0(8@*,/88#-*#/'*%8-0*,HHHHHHHHHHHHHHHDD] DCHB+#*,@-HHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHDDp DCHjT#8G80*%8-0*,*,-*#/'*%8-0*,HHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHDDp DCHJR*,'(G5#%,>/5,-*#/'*%8-0*,HHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHDBC DCHEm*6N*/#L(*@,-*#/'*%8-0*,HHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHDBC DDH 95,P*/*2,>*,HHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHDBD DDHD95,P*/*2,>*,/88#@*G5#%0HHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHDBB DDHB95,P*/*2,>*,/88#/*#/82>8,@*#N8*%HHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHDBE DBH ;*32*'0*HHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHDBK DH92>*G**,HHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH&&0&IJ00:>*&:.08-(2#.(-K BH:*0(8@82>*/5,(*08,@*#N8*%HHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHDBi g0*#5066#2l-0hhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhdjc RL25>*,HHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHDjJ "#%#&"'(%")#**'""#+,#-+,#.,/0*/,"1%%'1*./2%"&",2"#*'"#3'"/*,4"'."#1*./2%"&5*#*2"'.& "&

FIGUREN \,@08,@*#N8*%NL,@*/82>*,@*3>6#*,8)>*,8G*,F Figuur 1 Researchmodel Figuur 2 Service costs methods in the Netherlands Figuur 3 Huisvestingscyclus van vastgoed (Wamelink et al., 2009). Figuur 4 Quote interview Figuur 5 Citaat literatuur (De Boer, 2008) Figuur 6 Quote interview Figuur 8 Quote interview Figuur 9 Citaat RICS Code of Service Charge (RICS, 2009) Figuur 10 Onderzoeksmodel Figuur 11 Schemastische weergave verzorgingsgebied volgens Christaller (Mastop, 2012, p. 6). Figuur 12 Stakeholders winkelcentrum Figuur 13 Consumentengedrag en koopgedrag (Van Soest, 2014) Figuur 14 Functie en bezoekmotieven type winkelcentrum (Evers, 2010) Figuur 15 Kwaliteitsmodel van Prasuraman ((Vermeulen & Wieman, 2010) Figuur 16 Opbouw huisvestingslasten huurder Figuur 17 Duurzaamheid & bedrijfsethiek (Vermeulen & Wieman, 2010) Figuur 18 Het drie P-model van Triodos (Triodos Bank, 2011) Figuur 19 De vastgoedmanament piramide volgens Graaf (2011) Figuur 20 Vastgoedbeleidsproces (Vermeulen & Wieman, 2010, p. 18) Figuur 21 Vier groeistrategieen voor vastgedmanagement volgens Ansoff (Vermeulen & Wieman, 2010) Figuur 23 Overzicht stakeholders en actoren Figuur 24 De cyclus van winkelvastgoed (Vermeulen & Wieman, 2010) Figuur 25 Servicekostenproces in diagram Figuur 26 Huisvestingslasten in diagram Figuur 27 Overzicht huisvestingslasten en investeringen volgens NEN. naar (Verkerk, 2012) Figuur 28 Cyclus correct en efficient energymanagement (Evers, 2010) Figuur 29 Analyse servicekostenmethoden in Nederland Figuur 30 Servicekostenvergelijking Europa met meest voorkomende posten (ICSC, 2012) Figuur 31 Quote interview Figuur 32 Quote interview Figuur 33 Kostenpostenverdeling servicekostenafrekening Figuur 34 Kostenpostenverdeling volgens WPM (WPM, 2014) Figuur 36 Analyse servicekosten per m2 per type winkelgebied (WPM, 2014) Figuur 37 Analyse servicekosten per m2 naar ruimtelijke opzet (WPM, 2014) Figuur 38 Analyse gemiddelde servicekosten in Nederland (WPM, 2014) Figuur 39 Bandbreedte Servicekosten Figuur 40Uitkomsten huurprijs vs servicekosten bij open/gesloten centrum Figuur 41 Huurprijs en servicekosten naar grootte winkelcentrum Figuur 42 Huurprijs en servicekosten naar binnen/buitenstedelijke context Figuur 43 Huurprijs en servicekosten naar footfall Figuur 44 Voorbeeld servicekostenverlaging (verlaging ingezet vanaf 2010) (CBRE, 2014) Figuur 45: Bandbreedte Servicekosten "#%#&"'(%")#**'""#+,#-+,#.,/0*/,"1%%'1*./2%"&",2"#*'"#3'"/*,4"'."#1*./2%"&5*#*2"'.& "&

TABELLEN \,@08,@*#N8*%NL,@*/82>*,@*05P*22*,8)>*,8G*,F Tabel 1 overview interviewees Tabel 2 overview feedbackround experts Tabel 3 SWOT Analysis of the service costs methods Tabel 4 list of possible service costs with respect tot the total Tabel 5 Overzicht interviews Tabel 6 Overzicht feedbackronde experts Tabel 7 Stakeholdersanalyse en belangen Tabel 8 Analyse belangenorganisaties en hun belangen Tabel 9 Overzicht overige stakeholders en belangen Tabel 10 Voorbeeld uitwerking financiele relevantie Tabel 11 Opsomming kostenposten servicekostenafrekening Tabel 12 Matrix voor- en nadelen per servicekostenmethode Tabel 13 SWOT Analyse van de servicekostenmethoden Tabel 14 Analyse aanzet benchmark servicekosten portefeuille CBRE Tabel 15 Analyse servicekostenposten tov totaal Tabel 16 Huurprijs versus servicekosten Tabel 17 Criteria case study analyse Tabel 18 Criteria cross case study analyse Tabel 19 Specifieke kenmerken case studies (1) Tabel 20 Specifieke kenmerken case studies (2) Tabel 21 Analyse vergelijk case studies tov afrekening Tabel 22 Vergelijking servicekostenpakketten en afrekening cross case study analyse Tabel 23 Overzicht servicekostenposten tov totaal verdeling Tabel 24 Overzicht interviewees Tabel 25 Conclusie samengetrokken antwoorden respondenten Tabel 26 Overzicht experts voor feedbackronde Tabel 27 Overzicht standaardisatie servicekostenposten "#%#&"'(%")#**'""#+,#-+,#.,/0*/,"1%%'1*./2%"&",2"#*'"#3'"/*,4"'."#1*./2%"&5*#*2"'.& "&

1. ONDERZOEKSOPZET: PROBLEEMSTELLING & AANLEIDING \,@0**#-0*(883@-06%-@*,2*@,>W55,2*@,>*,)#8P2**G-0*22,>/5,(*08,@*#N8*%08*>*2'(052-G*@* @*/*#-'(22*,@*8,@*#N8*%-G*0(8@*,@*NL,>*P#6%0,@08,@*#N8*%HM8%NL,@*%5@*#-U55#P,,*,(*0 8,@*#N8*%)2550-/,@*,@*#*2*/5,0*/5,(*08,@*#N8*%,@0(883@-06%8)>*,8G*,H "#%#&"'(%")#**'""#+,#-+,#.,/0*/,"1%%'1*./2%"&",2"#*'"#3'"/*,4"'."#1*./2%"&5*#*2"'.& &

1.1 Inleiding 1.1.1 Aanleiding \,/*-0*#*, *, P*2*>>*,, /5-0>8*@W (*0 /*#(6#*, /5, P*@#L3-#6G0*, *, U,%*2)5,@*, *, (*0 /5-0>8*@G5,5>*G*,0>*P*6#052**,>*#6G*0L@*,-,*0,*6UHM8%(*0U*#%>*P*@/5,G5,5>*#-*, @55#G**/*#P8,@*,**#-0*G5,5>*G*,00(*8#**,NL,#**@-55,(*0P*>,/5,@*BC***6U8,0-055,@88# 8,@*#N8*%*#-52-+5728#dh5G*2,%*052HWBCCpfH=*#,U*#@*,#*>*2->*,0#8@6'**#@/88#(*0,#'(0*, /5,*33'*,0*)#8'*--*,U55#PL@*-)*'52-50*-W05%*,*,/*#5,0U88#@*2L%(*@*,U*#@*,08*>*U*N*,55, G*@*U*#%*#-H:,0NP*#>dh5G*2,%*052HWBCCpf-0*2@*,DpiKL6-0@50G5,5>*#-/**2G**#P*N>NL,G*0 (*0Z8,@*#(5,@*2*,G*0(6,)*#-8,**2*,*,(*08)28--*,/5,)#8P2*G*,[HRL@*-06#,>/5,)#8'*--*,- (*0#'(0,>>*/*,55,(*0)#8'*-**,)#G5#@8*2H10@8*2%5,/*#-'(22*,WG55#@*%*,,-/5,(*00* -06#*,)#8'*--/5,>#880P*25,>8G(*0>8*@,0*%6,,*,#'(0*,HS5-0>8*@G5,5>*G*,0-*'(0*#)5-250*#8,0-055,*,)5-08*,>,>G*,,5@*,%*,8/*#@*(6-/*-0,>-'7'26-/5,/5-0>8*@HS82>*,-;*52"-050* < =86-,> dh5g*2,% *0 52HW BCCpf P*-0550 @* (6-/*-0,>-'7'26-60 /*# (883@5'0/0*0*,W 0* U*0*,F,0*#*,W/88#P*#*@*,W60/8*#*,*,>*P#6%*,XP*(*#*,H beheren en gebruiken uitvoeren P*(*#*, G60*#*, initieren voorbereiden Figuur 3 huisvestingscyclus van vastgoed /A*>(6#.:LM(&*(-8)LN05>*LO0%)5(&LPQ(R0.L9SST3K 1*5'0/0*0*,/88#P*#*@*,*,60/8*#*,#'(0*,N'(G*0,5G*8)P86UG5,5>*G*,0*,P*>*2*@*,/5, (*0 P86U)#8'*-H S5-0>8*@G5,5>*G*,0 #'(0 N'( /88#,5G*2L% 8) (*0 >*P#6%*, *, P*(*#*,H \, @*,0*#*,@*35-**,8,0U%%*2,>/5,/5-0>8*@%8G*,(*0P86UG5,5>*G*,0*,/5-0>8*@G5,5>*G*,0PL *2%55#H\,@*P*(**#35-*U8#@0(*0/5-0>8*@88%@55@U*#%*2L%>*P#6%0^,(*0>*/52/5,U,%*2'*,0#5 P*0*%*,0@0@6-U5,,**#*#@55@U*#%*2L%**b)28050*)2550-/,@*,*#(66#@*#-NL,@*)#8@6'0*,55,@* '8,-6G*,055,P*@*,^*,U55#PL(*0P*25,>#L%-@50@*P*0#8%%*,*,d/*#(66#@*#*,(66#@*#-fG5bG52* U55#@**,**,N8*33'*,0*,*33*'0*3G8>*2L%U*#%)#8'*-*,#*,@*G*,0%6,,*,P*U*#%0-0*22>*,H\,@*N* )#8'*--*,%6,,*,%,*2)6,0*,8,0-055,*,%5,G*,@-'6--*G*0*2%55#%#L>*,WN852-PL@*-*#/'*%8-0*,H 92>*G**,P*%*,@-@50@*/5-0>8*@-*'08#*,G*0,5G*@*#*052-*'08#/828),P*U*>,>-HS5-0>8*@*, U,%*2>*P*@*, /*#5,@*#*, 52- >*/82> /5, @*G8>#53-'(*OW *'8,8G-'(*WO 0*'(,828>-'(*W *, G550-'(5))*2L%*8,0U%%*2,>*,dS5,&8*-0WBCDJfH=*#@88#8,0-0550**,,*6U*U,%*2-0#6'066#U55#, @*55,@5'(0/88#%U520*0PLU,%*2-WU,%*2'*,0#5*,U,%*2'8,'*,0#50*-P*25,>#L%NL,*,@*N*G8*0*, G**P*U*>*,G*0@*P*(8*30*,*,/*#25,>*,-/5,'8,-6G*,0*,8G88%,@*08*%8G-0**,55,0#*%%*2L%* U,%*283U,%*2'*,0#6G0*NL,HZ"*,>*/82>@55#/5,-@5037-*%*U,%*2-,*0-2*'(0-**,Z)25'*08P67[NL,W G55#*/*,**,-**,Z)25'*83*b)*#*,'*[dV*)#8GWBCDBfH10>*2@0,*0522**,/88#@*37-*%*U,%*2-53N8,@*#2L%WG55#88%/88#@*)25,G50>8)>*N*00*U,%*2'*,0#552-/*#P,@*,@*35'08#/5,(*0>*(**2[ ds5,&8*-0wbcdjfh :*@*@88#@*N*38'6-8)%U520*0*,8,@*#-'(*@*,@/*#G8>*,8,0-0550*#55,@* 3,5,'v2*%5,0/5,(*0U,%*2/5-0>8*@88%55,@5'(0/88#(6-/*-0,>-25-0*,*,5,@*#*%8-0*,/5,(*0 U,%*2/5-0>8*@83N852-@*N*/82>*,-=88>25,@dBCDJf-0**@-G**#U8#@0>*,8*G@FZ@*8,@*#,*G,>[H10 P*0*%*,@@50(*0#*,@*G*,0/5,)5#0L*,d(66#@*#W/*#(66#@*#*,/5-0>8*@G5,5>*#f8,@*#@#6%%8G00* -055,*,G*,*#G**#8)>550-06#*,8G(*0#*,@*G*,0>*N8,@0*(86@*,H&*#/'*%8-0*,NL,-*#/'*-*, "#%#&"'(%")#**'""#+,#-+,#.,/0*/,"1%%'1*./2%"&",2"#*'"#3'"/*,4"'."#1*./2%"&5*#*2"'.& "&

2*/*#,>*,@*/5,60@*/*#(66#@*#U8#@*,55,>*P8@*,55,@*(66#@*#-H1*N*(6-/*-0,>*,-*#/'* P*Y,/28*@*,,)8-0*/*N,(*0P*@#L3-#*-620550/5,**,(66#@*#W(LG8*0GG*#-**,)2*%(*PP*,8GNL, )#8@6'0*,0*/*#%8)*,*,0*%6,,*,8,@*#,*G*,H1*-*#/'*-G8*0*,@55#8G,*060-260*,@52-%8-0*, U8#@*,>*N*,W55,>*N*,*#U*2@*>*2L%/88#@*2*,55,@*-*#/'*-N00*,H\,#*250*080)#8@6'0/0*0%5,@0 G8>*2L%N*23->*2@8)2*/*#*,H1*%*#,/#55>@*PL@*G5#%0)5#0L*,@55#8GN86G8*0*,-)*2*,-ZU55#/88# P*0552%-*#/'*%8-0*,s[W>*/82>@@88#@*/#55>FZ/,@%@*-*#/'*@*%8-0*,U55#@W*,*/*,06**2W%5,% d,@/@6*2*f-06#,>%#l>*,8)u50%u*2*,,*053,**gs[h?*n*,(*0**#-0*5-)*'0/5,@*/#55>p2l%0@50,@*g5#%025,>,*0520l@@6@*2l%-u55#/88#g*,-*#/'*%8-0*,p*0552@h155#@88#8,0-0550*#u#l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d;55@V*@*#25,@-*1*052(5,@*2WBCC]fH =*0*'8,8G-'(*)*#-)*'0*3(**30@*53>*28)*,L5#*,**,/*#5,@*#,>8,@*#>55,*,@**'8,8G-'(*@) (**30>*2*@080**,/*#5,@*#*,@60>5/*,)50#88,/5,'8,-6G*,0*,W,/*-0**#@*#-*,P*2*>>*#-dS*#%*#%W BCDBfH"#-**,/*#5,@*#*,@*G5#%0WU55#,P*@#L/*,W#*052*#-W,/*-0**#@*#-*,P*2*>>*#-**,5,@*#*P2% (*PP*,>*%#*>*,8)(*0#*@6'*#*,/5,%8-0*,*,G**#@*38'6-(*PP*,>*2*>@8)#*,@*G*,0-/*#P*0*#,> ds*#%*#%wbcdbfh188#@**'8,8g-'(*g525-*-*#p*(8*30*>*%8g*,55,(*#-0*2*,(*08,0u%%*2*,/5,,*6u*w,,8/*#*,@*g5,*#*,8gg*0/5-0>8*@*,2**>-05,@8g0*>55,hg5,>n55g/*#5,@*#0@55#g** 88%(*0/5-0>8*@P*2*@*,8,0-055,*#,*6U*G5,*#*,*,53-)#5%*,8/*#55,(6#*,*,/*#(6#*,WU55#PL (*0/88#,5G*2L%>5508G0L@*2L%**,32*bP*2*'8,0#5'0*,W,*6U*,050*/*,*,,*6U*0#*,@-8)(*0 >*P*@/5,#*052*,32*bP*2*U,%*2#6G0*,dR#*--*#-WBCDJfH:*@*>*/8*@@88#@*08*,*G*,@*2**>-05,@ *, @* 255>'8,L6,'066# dq*,0#552 T25,P6#*56 /88# @* 2**38G>*/,>W BCDjf - *# G**# 55,@5'(0 /88# (6-/*-0,>-25-0*,*,*b)28050*%8-0*,>*%8G*,,@*/5-0>8*@G5#%0d@*R8*#WBCC]fH M)@/*#-*3#8,0*,U8#@0>*)#8P**#@8GG**#6,38#G0*0*,**,@6@>(*@0*%#L>*,8/*#@*-*#/'*-*, 2*/*#,>*,HS88#52-,8>,**G0,*G5,@@*N*/*#5,0U88#@*2L%(*@8)N'(8G@*)#8'*--*,0*8)0G52-*#*, *,0*N8#>*,@50*@*#**,>550U*#%*,55,**,@6@*2L%/*#(552*,0#5,-)5#5,0)#8'*-dS*#%*#%WBCDBfHMG @*N*)#8P2*G*,@6@*2L%,P**2@0*P#*,>*,*,55,@*(5,@@55#/5,**,G*0(8@*835@/*-0*%6,,*, -'(#L/*,W-@08,@*#N8*%/5,53@*ZP8008G2,*[>*-'(#*/*,Hh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

1.1.2 Probleembeschrijving Z6EFY[8Z8\UZB\Z6Y[[6]6E7B6^I\BB6\Y[[6]6E7B6^I 1* (6@>* /5-0>8*@G5#%0 - /*#5,@*#@H 155# @* G5#%0 /88# @* *'8,8G-'(* G525-* /88#52,8> **, /*#(66#@*#-G5#%0U5-W-@*N*G5#%00L@*,-*,,5@*N**'8,8G-'(*@)/88#52/*#-'(8/*,,55#**, (66#@*#-G5#%0H188#@50@*(66#@*#*/*,**,-G**#'*,0#552-0550,@*(6@>*G5#%0*,(55#38'6-G**# /*#-'(630,55#(6-/*-0,>-OX*b)28050*%8-0*,G5%*,@*-*#/'*%8-0*,**,P*25,>#L%8,@*#@**260/5,(*0 )#8>#5GG5H\,(*052>*G**,@#550(*0PL@*)#8P2*G50*%,@*-*#/'*%8-0*,8GG**#6,38#G0*0W (*2@*#* *, @6@*2L%* 53-)#5%*, *, **, 6,38#G* G*0(8@* *, Z(5,@2*@,>[ @* @88# @* G5#%0 U8#@0 >*5''*)0**#@d@*R8*#WBCC]fH1*)#8P2*G*,G*0P*0#*%%,>080@*-*#/'*%8-0*,NL,,(*0/*#2*@*, 7"/>"/'")),#2/%/&":0,&,2"."'1,;")%./"#%#/./**#"' 1%%'#*5"4,V)&,.;0..,".&%%'? O 2">'")**#/'*#.=*'*#/,"C O 2""#'"2"42"1,#2C O >"4*#2"#1"'./'"#2"4,#21*#&"*;/%'"#C O 2""# 0#,<%'5 ='%;". ",2"# %=>%0+A GY%%24*#&3SaRbH Figuur 4 quote interview /88#,5G*2L% 8,0-055, @88# (*0 8,0P#*%*, /5, L6-0*O G55#/88#5288%0#5,-)5#5,0*,38#G50*G*0P*0#*%%,> 080(6-/*-0,>-25-0*,*,-*#/'*%8-0*,H1**'8,8G-'(* @)(**30*#08*>*2*@@50*#**,08*,*G*,@*P*(8*30* -8,0-055,55,,38#G50*/5,@*-05%*(82@*#-*,,N'(0, (*0, (*0 -*#/'*%8-0*,)#8'*-H &*#/'*%8-0*, 2L%*, @55#G**/88#52-,8>8,/82@8*,@*8,@*#@*55,@5'(00* %8G*,PL@*5'08#*,H1*-*#/'*%8-0*,U8#@*,-0**@-P*25,>#L%*#/5,U*>*8,@*#5,@*#*dS*#G*62*,< h*g5,wbcdcw)hbckff Z-*#/'*%8-0*,,/*#(86@,>080@*0*P*052*,(66#H.0@*P*,'(G5#%->*P2*%*,@50-*#/'*%8-0*, PLU,%*2'*,0#5>*G@@*2@N8[,DCcODEc/5,@*(66#)#L-NL,*,@0P*0*%*,0@50(*0>5508G ->,3'5,0*P*@#5>*,[n Z/*#5,@*#*,@*U*0O*,#*>*2>*/,>WP*0#*308,@*#5,@*#*(*0,/8*#*,/5,@*)*#DL5,65#BCDJ d;l%-8/*#(*@wbcdjpfwu55#pl@*/*#(66#@*#pl@*u5#g0*2*/*#,>@*%8-0*,/88#0#5,-)8#0*, /*#2*-/5,U5#G0*/88#NL,#*%*,,>G8*0,*G*,*,(L@0,*025,>*#G5>@88#P*25-0*,55,@* (66#@*#[n Z@*-0*#%08*>*,8G*,*,PLU*0>*#*>62**#@*55,@5'(0/88#*,*#>*/*#P#6%*,QMB60-0880[H 155#,55-0NL,*#,8>**,55,052N5%*,@**--*,0**2NL,8G@*-*#/'*%8-0*,*,@*)#8P2*G50*%P*0*#0* P*>#L)*,dS*#G*62*,<h*G5,WBCDCW)HBDDfF Z=*0/*#-'(206--*,@*N8>*,8*G@*%52*(66#)#L-*,@*-*#/'*%8-0*,n 1*/*#)2'(0,>*,/5,@*/*#(66#@*#*,(66#@*#,#*250*080@*-*#/'*%8-0*,n 1*#/,>/5,,%8G-0*,/88#@*/*#(66#@*#52->*/82>/5,2**>-05,@n S55%8,0P#**%0(*055,@6@*2L%*'8GG6,'50*8/*#@*-*#/'*%8-0*,*,@*>*G55%0*53-)#5%*,[H =*#,5-/*#@*#,>*>55,8)@*)#8P2**G5,527-*U55#,8,@*#5,@*#*@*P8/*,>*,8*G@*N5%*,/*#@*# NL,60>*U*#%0H UX6^BB\I6B\EJB6B\I8\_\][8]@8`^Y8]8\] 6X@BEI8\U3Z6]@8\U\EIBOO@ 1*@88#P*25-0,>*,53#*%*,,>/5,-*#/'*%8-0*,-060,@*)#5%0L%/55%8))#8P2*G*,WU55#PL**,55,052 *2*G*,0*,0*#6>%*#*,@*)#8P2*G*,P2L/*,,@0)#8'*-dS*#%*#%WBCDBfH1*,%(*#PL55,(*08,0P#*%*, /5,**,@6@*2L%*8G-'(#L/,>/5,(*0P*>#)-*#/'*%8-0*,W(*0>*P#*%55,**,6,38#G*U*#%ULN*,(*0 -*#/'*%8-0*,)#8'*-W@*@-'6--*#8,@8G@*/*#@**2-2*60*2W08*#*%*,,>/5,@*N*%8-0*,*,@*/#55>U* @*(88>0**,%U520*0/5,@*-*#/'*%8-0*,P*)5520d486UWBCCJfH&*#/'*%8-0*,P2L/*,88%P*-055,8)(*0 G8G*,0@50*#2**>-05,@-,**,U,%*2'*,0#6GH1*%8-0*,/88#2**>-05,@@*,*,DCCc,#*%*,,>0* U8#@*,>*P#5'(0PL@*/*#(66#@*#dS*#G*62*,<h*G5,WBCDCW)HBCEf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d;*,0 ;*/*U"G)8U*#,>+*,5,0-WBCDjfH"*,-0533*2U8#@0>*@*3,**#@52-**,ZP*)552@*(8*/**2(*@>8*@*#*, 83 @*,-0*,, **, -7-0**G /5, %U5,06G%8#0,>, '8GG*#'*[ ds*#%*#%w BCDBfH "*, -0533*2, @* -*#/'*%8-0*,(86@0,@50PL/88#P**2@(66#@*#-/88#**,U,%*2#6G0*8)@*/*#@*),>83%*2@*##6G0* **,25>*#P*@#5>55,-*#/'*%8-0*,P*052*,@5,(66#@*#-8)@*P*>5,*>#8,@HM8%U8#@0/55%/88#**, "#%#&"'(%")#**'""#+,#-+,#.,/0*/,"1%%'1*./2%"&",2"#*'"#3'"/*,4"'."#1*./2%"&5*#*2"'.& "&

8)P*#>#6G0*W83/88#(66#@*#-@*>**,@#*'0**,0#**,**,U,%*2'*,0#6G(*PP*,G55#L6-055,@* #5,@W**,P*)552@*%8#0,>P*#*%*,@H"*,-0533*22*@0*#@6-08*@50,*0*@*#*>*(66#@*/*#%5,0*G*0*# /88#DCCcU8#@0@88#P*#*%*,@H1*Z-0533*2[2*@0080**,P*)552@*#*%*,G*0(8@**,/*#(86@,>G*0 P*0#*%%,>080@*-*#/'*%8-0*,HR8/*,@*,(*PP*,(66#@*#-G**#*,G**#@*U*,-8G0*U*0*,U*2%* %U520*0*#U8#@0>*P8@*,/88#(*0@88#(*,P*0552@*P*@#5>55,-*#/'*%8-0*,dS*#%*#%WBCDBfH\,@* g*@#55@/88#&*#/'*%8-0*,d;v1*052hwbccpf-0550>*-'(#*/*,@50,@*,[*#>*p#6%u8#@0>*g55%0/5, **,-0533*2WU8#@0PL**,*/*,06*2*ULN>,>/5,@*6,0>#8800*-@88#G@@*2/5,-5G*,/8*>,>83-)20-,> /88#@*(66#@*#-,N'(0*2L%U50@*'8,-*k6*,0*-N622*,NL,/88#@*/*#@*2,>/5,@*-*#/'*%8-0*,H 155#PLU8#@0>*5@/-**#@,@*-0533*28)0*,*G*,(8*(*0@88#0*P*25-0*,P*@#5>)*#**,(*@- 8)>*P86U@[Hh5,,**#*#-)#5%*-/5,**,G62036,'08,**2U,%*2'8G)2*bU8#@*,@*%8-0*,/55%/*#@*# >*-)*'3'**#@ @88# @* 55,U*N>(*@ /5, U,%*2-W %5,08#*,W U8,,>*, *, )5#%*#*, *, U8#@*, @*N* /*#@**2@8/*#@*/*#5-)*'0*,H10U8#@*,88%U*2@*%8-0*,@#5>*#->*,8*G@H=*#@88#G8*0*,*#88% G**#@*#* d2**- (*#F /*#f -*#/'*%8-0*,P*>#80,>*, *, 53#*%*,,>*, U8#@*, >*G55%0 G*0 522*#2* /*#-'(22*,@*/*#@**2-2*60*2-H1*)#5%0L%2**#0@50@0/55%**,25-0>*53U*>,>-*,/55%2*@0080@-'6--*- 06--*,/*#(66#@*#*,(66#@*#H_8#>/62@>*53-)#5%*,*,'8GG6,'50*%6,,*,@*@-'6--*->#80*,@**2- /88#%8G*,dS*#G*62*,<h*G5,WBCDCW)HBDCfH UX6^BB\\][8]8UY8]\[\8O_678I8I 188#@50*#>**,**,@6@>*@*3,0*/5,-*#/'*%8-0*,,@*G5#%0P*-0550WNL,-*#/'*%8-0*,@55#8G88%8) /*#-'(22*,@*G5,*#*,>*Y,0*#)#*0**#@H10#*-620**#0, 8,@6@*2L%* 53-)#5%*, 06--*, (66#@*# *, /*#(66#@*#H "# - >**, -05,@55#@G8@*2 /88# (5,@*, 8G0#*,0 @* 53#*%*,,>/5,-*#/'*%8-0*,*,-*#>**,@6@*2L%*U*0O *, #*>*2>*/,>W /*#)2'(0* 5''86,05,0-'8,0#82* *,X83 @6@*2L%*L6#@-'(*%5@*#-d@*R8*#WBCC]f Figuur 5 Citaat literatuur (De Boer, 2008) +*/*,-N8#>0**,>*P#*%55,0#5,-)5#5,0*,(*0)#8'*-*#/88#@50(*0,*0520L@@6@*2L%-U*2%*%8-0*, *,)8-0*,,@*-*#/'*%8-0*,N00*,*,U8#@*,@*N*/55%55,>*@6@52-**,Z>#L->*P*@[d&,*2@*#-WBCDJfH \,0L@*,/5,*'8,8G-'((*#-0*2-055,%8-0*,8,@*#@#6%*,/**252#'(0*,@*N*N'(8)P*N6,>,>*,0*, %8-0*/5,%U520*0H1-'6--*-@*8,0-055,8/*#%U520*0*,)#L-*,P*N6,>*,2*@008025>*#*%U520*0/5, @* -*#/'*- *, @55#G** /88# 25>*#* %U520*0 /5, @* U,%*2'*,0#5 N*23H 1* U,%*2'*,0#5 U8#@*, @5, 5608G50-'(52-G,@*#55,0#*%%*2L%>*N*,H&*#/'*%8-0*,-055,@6-,P*25,>#L%*G50*,#*250*080@* %U520*0*,U55#@*/5,**,U,%*2'*,0#6GdS25-/*2@WBCDJfH+80-280-*#>**,-05,@55#@G8@*2/88# (5,@*,8G0#*,0@*53#*%*,,>/5,-*#/'*%8-0*,*,-*#>**,@6@*2L%*U*0O*,#*>*2>*/,>W/*#)2'(0* 5''86,05,0-'8,0#82**,X83@6@*2L%*L6#@-'(*%5@*#-d@*R8*#WBCC]fH \8IZ_@@]8U8\O_67BI8_Z6-\I8`]8UBO6^\8\U 1*@88#P*25-0,>*,53#*%*,,>/5,-*#/'*%8-0*,-060,@*)#5%0L%/55%8))#8P2*G*,WU55#PL**,55,052 *2*G*,0*,0*#6>%*#*,@*)#8P2*G*,P2L/*,,@0)#8'*-dS*#%*#%WBCDBfH1*,%(*#PL55,(*08,0P#*%*, /5,**,@6@*2L%*8G-'(#L/,>/5,(*0P*>#)-*#/'*%8-0*,W(*08,0P#*%*,**,6,38#G*U*#%ULN*,(*0 -*#/'*%8-0*,)#8'*-W@*@-'6--*#8,@8G@*/*#@**2-2*60*2W08*#*%*,,>/5,@*N*%8-0*,*,@*/#55>U* @*(88>0**,%U520*0/5,@*-*#/'*%8-0*,P*)5520dS*#%*#%WBCDBfH=*#@88#-/88#**,(66#@*#,*0520L@ @6@*2L%(8*@*53#*%*,,>080-05,@->*%8G*,*,U*2%*%8-0*,U*283,*0,@*-*#/'*%8-0*,NL, G**>*,8G*,H102*@0080**,>#L->*P*@N8,@*#@6@*2L%*%5@*#-,@*-*#/'*%8-0*,H1*)#8P2*G*,G*0 P*0#*%%,>080@*-*#/'*%8-0*,NL,,(*0/*#2*@*,/88#,5G*2L%8,0-055,@88#(*08,0P#*%*,/5,L6-0*,38#G50*G*0P*0#*%%,>080(6-/*-0,>-25-0*,*,-*#/'*%8-0*,H1**'8,8G-'(*@)(**30*#08*>*2*@0 @50*#**,08*,*G*,@*P*(8*30*-8,0-055,55,,38#G50*/5,@*-05%*(82@*#-*,,N'(0,(*0,(*0 -*#/'*%8-0*,)#8'*-HM8%8,0-055,*#/55%@-'6--*-06--*,@*/*#(66#@*#*,@*(66#@*#8G0#*,0@* @*3,0*/* -*#/'*%8-0*,53#*%*,,> 8/*# (*0 L55# *, @* */*,06*2*,5(*33,>H _8 /,@0 @* @*3,0*/* -*#/'*%8-0*,53#*%*,,>,(*0>6,-0>-0*>*/52/55%)5-)2550-KG55,@*,,553288)/5,(*0L55#WG55# -8G-@66#0@088%,8>/**225,>*#H E6Z8F^_EI\c8`\_\Z_@]_\]8\UX]8\]ZBEIU_]7B6^I &*#/'*%8-0*,NL,8,/82@8*,@*,>*P*@,@*/5-0>8*@G5#%0*,-(*0/**2G**#**,)8-0@**#G55#PL %8G0*,U8#@0Z>*5''*)0**#@[@88#@*G5#%0dS*#%*#%WBCDBfH=66#8/*#**,%8G-0*,U8#@*,PL/88#P**2@ /**2G**#>*-05,@55#@-**#@U55#@88#@*N*88%G**#25@,>%#L>*,*,G**#6,38#GU8#@*,>*G55%0H &*#/'*%8-0*,%8G*,U*2-0**@-G**#8,@*#@*55,@5'(0PL@*5'08#*,*,(*0-@55#PL/5,P*25,>@50 G*,U**0U*2%*%U520*0*#U8#@0>*P8@*,G*0@*>*2*/*#@*-*#/'*-H "#%#&"'(%")#**'""#+,#-+,#.,/0*/,"1%%'1*./2%"&",2"#*'"#3'"/*,4"'."#1*./2%"&5*#*2"'.& "&

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m2*,R*@#L3d:mRf-066#08) G**#%U520*0H=*0/*#-'(2,@*8)/500,>*,'HkHP*25,>*,06--*,@*)5#0L*,-/88#,5G*2L%F =66#@*#F N8 (88> G8>*2L%* %U520*0n 25>* )#L-W U55#PL NL, @8*2-8G NL, #*,@*G*,0 0* 8)0G52-*#*,H155#,55-0@*,%0@*(66#@*#/88#5255,(*0,@/@6*2*P*25,>n S5-0>8*@G5,5>*#FNL,055%-(*0N8>8*@G8>*2L%G5,5>*,/5,(*0)#8'*-*,%#L>0/88#(*0 G5,5>*,/5,*,@*5@G,-0#50*/*U*#%N55G(*@*,**,/*#>8*@,>/5,Ec8/*#(88>0*/5,@* -*#/'*%8-0*,53#*%*,,>n S*#(66#@*#F>8*@*)#L-/88#@*-*#/'*%8-0*,WU55#PLNL,@8*2-8G**,N85''*)05P*2G8>*2L% -*#/'*,/*560*P*@*,55,NL,(66#@*#-*,NL,/5-0>8*@,8)0G52*-05500*8,@*#(86@*,*, @55#PLNL,#*,@*G*,00*8)0G52-*#*,H1*/*#(66#@*#@*,%0@55#,55-0/88#5255,(*0'822*'0*3n M,0U%%*255#F(5,0**#0/55%**,0*255>P*@#5>PL(*0P*>,-05@6G/5,**,d(*#f8,0U%%*2,>U50 2*@0080-'(*/*P525,-,**#-0*53#*%*,,>H 1*@-'6--*-G*0P*0#*%%,>080@*-*#/'*%8-0*,U8#@*,(*/>*#*,@*/#55>,55#,*6U*W,,8/*#*,@**, *33'v,0*#*G5,*#*,U8#@0>#80*#dV*)#8GWBCDBfH1*@/*#-*/*#-'(22*,@*P*25,>*,/5,/*#(66#@*#W (66#@*#*,/5-0>8*@G5,5>*#N8#>*,#*>*2G50>/88#'8,32'0*,06--*,@*5'08#*,@*P*0#8%%*,NL,PL@0 )#8'*-dm8'%WDppKfH10#*-620**#0,**,>*P#*%55,>#)8)(*0-*#/'*%8-0*,)#8'*-*,,8,@6@*2L%(*@ *,8,0*/#*@*,(*@PL/*#(66#@*#-W(66#@*#-*,/5-0>8*@G5,5>*#-dS*#%*#%WBCDBfH J6_X@7\ZB\BO_\IM8^^@8\UZB\M8\^@F\I6B 1*)#8P2*G50*%/5,@*-*#/'*%8-0*,8,0-0550#**@-PL @* 88#-)#8,> /5, @* U,%*2'*,0#5H "*, 8,0U%%*255# 8,0U%%*20**,U,%*2'*,0#6G8)**,P*)552@*)2*%*, M,#)"4;"#/'* +%'&"# 2"/*D""'& %= &" :00'./'%%53 :00'&"'."#24%>**4%#&"':%0&"'.)%./"#A;:/"'+%'&"#."'1,;")%./"#1%%'*4.#%2#,"/5""2"#%5"#,#&"/*D*/,"A Figuur 6 quote interview & /*#%88)0@*N*/55%**,)5#0'62*#*83,-00608,*2*P*2*>>*#HS55%U8#@*,/5,60@*8,0U%%*255#@* 53-)#5%*,8G0#*,0(*0)5%%*0/5,2*/*#,>*,*,@*,-0*,W@*-*#/'*%8-0*,@6-W>28P552/5-0>*2*>@H"'(0*# U5,,**#@0,*0(*2@*#*,@6@*2L%U8#@053>*-)#8%*,*,*#>**,08*N'(08)-W2*@0@0250*#/55%080 @-'6--*-d+88#,*,@WBCCiW)HBJfH1*N*@-'6--*-8,0-055,/**252@88#@50*#25>*#*-*#/'*)5%%*00*,G*0 @55#,25>*%8-0*,U8#@*,/5-0>*-0*2@8G@50@0/5,60**,'8GG*#'**288>)6,0/88#**,8,0U%%*255# /**2/88#@*2>*#-H=*02L%0(*#@88#,5G*2L%**,(88>U55#@>U,%*2'*,0#6GG*0Z25>*[-*#/'*%8-0*,H 155#,55-0U8#@0@*U55#@*/5,/5-0>8*@W*,G*0,5G*U,%*2'*,0#5WU8#@*,P*)552@55,@*(5,@/5, 28'50*W /*#(66#P55# /28*#8))*#/25%W P*-0*GG,>-)25,W (*0 >*P#6%W @* G5#%0 *, @* -0550 /5, (*0 U,%*2'*,0#6G,#*250*0808,@*#(86@-%8-0*,d+88#,*,@WBCCiW)HBJfH"'(0*#U8#@*,-*#/'*%8-0*,(*#, /88#52-,8>,*0G**>*,8G*,H=*#@88#-,*0520L@(*0L6-0*P**2@/88#(5,@*,H92-G*,,5G*2L%@* 8,@*#(86@-%8-0*, G**#, @* -*#/'*%8-0*, %5, -08))*,W U8#@*, @* 8,@*#(86@-%8-0*, 8) (*0 >*P86U,/*56G--'(*,25>*#WG55#,(*0080552,*0H=*0N86@55#8G>8*@NL,52-@*G5#%088%@0-88#0 @,>*,G**N86,*G*,,(*0P*)52*,/5,@*dP*2*>>,>-fU55#@*/5,(*0U,%*2'*,0#6GH \8I8\F_\I6_@c8`\ S*#@*#P2L%0(*0/88#)5#0L*,,*0520L@@6@*2L%*, PM*##""' "' ""# &0,&"4,V)".=";,<,;*/," 1*# 4"1"',#2"# &,"#./"# "#,#./*44*/,". +%'&/ %=2"#%5"# >,V ""# (*2@*# 0* NL, G*0 U*2%*,-052250*- G*, 0* G5%*, :00'%1"'""#)%5./3 >,V1%%'>""4&,# &" 1%'5 1*# ""# (**30W U*2%* 8,@*#(86@-'8,0#5'0*, NL, 53>*-280*,W &"5*';*/,"4,V./3(*4&,/4",&"#/%/5,#&"'&,.;0..,""#""# 35'06#50*W*0'*0*#5H10)#8P2**GU8#@0,@*G5#%0 &0,&"4,V)"'='%;".N 8,@*#%*,0 *, @#55>0 @*#(52/*,*0 PL 55, @* Figuur 7 quote interview & 0#5,-)5#5,0*/5,@*-*#/'*%8-0*,*,(*0Z,'8,0#82[NL,/5,(*0)#8'*-H\,8,@*#5,@*#*@*,0*#/*U-- "#%#&"'(%")#**'""#+,#-+,#.,/0*/,"1%%'1*./2%"&",2"#*'"#3'"/*,4"'."#1*./2%"&5*#*2"'.& "&

,55# /8#*, >*%8G*, @50 *# **, @*G5#'50*2L-0 8)>*-0*2@ N86 G8*0*, U8#@*, U55#, @* '8,0#5'0*,W,-052250*-*,@*#>*2L%*NL,8)>*,8G*,*,U55#,0*/*,-@*/*#-'(22*,@*53-)#5%*,G*0)5#0L*,*, 8,@*#(86@-)5#0L*,,NL,/5-0>*2*>@H"*,@*#>*2L%*2L-0%5,**,60%8G-0P*@*,/88#(*08)28--*,/5,@* )#8P2*G50*%*,(*0/*#%#L>*,/5,@6@*2L%(*@,(*0)#8'*-H"*,@*#>*2L%*2L-0N868,@*#@**2G8*0*, 60G5%*,/5,@*(66#8/*#**,%8G-0N8@50@6@*2L%-U*2%*53-)#5%*,*#NL,*,U8#@*,>*G55%0G*0 )5#0L*,*,@*#@*,H O@[FBI[BI8ZB\^_EI\\UX6^BB\OO8F8\Fd =*0)#8P2**GPL@*-*#/'*%8-0*,N088%,(*03*0@50 @*-*#/'*%8-0*,326'06*#*,H1*/88#-'(800*,NL,,*0 520L@,2L,G*0@*53#*%*,,>*,*,-8G-U8#@*,@88# **, /*#(66#@*#X/5-0>8*@G5,5>*# 88% >*@6#*,@* (*0 L55# P*)552@*,*6U* 83 >*ULN>@* 53-)#5%*, >*G55%0 @*,/28*@ (*PP*, 8) @* -*#/'*%8-0*,H 1* @-'6--*-8G0#*,0@*-*#/'*%8-0*,*,@*53#*%*,,>*,U8#@*,@55#G**@6-)5-5'(0*#53>*/8*#@U5,,**# @*%8-0*,52>*G55%0NL,G55#@*N*,8>U*2P*0552@G8*0*,U8#@*,@88#@*(66#@*#-HR8/*,@*,-*# /88#52-,8>>**,>8*@*P*,'(G5#%P*-'(%P55#U55#55,@*-*#/'*%8-0*,>*G*0*,%6,,*,U8#@*,*,@88# G@@*2/5,**,P*)552@*P5,@P#**@0*G*0*2%55#/*#>*2*%*,%6,,*,U8#@*,dS*#%*#%WBCDBfH 1*@-'6--*8G0#*,0-*#/'*%8-0*,U8#@0@6-(*/>*#*,,0*#*--5,0*#*,(*0-@55#8G/5,P*25,>@50(*0 5-)*'0-*#/'*%8-0*,/*#@*#U8#@0P*%*%*,*,8,@*#N8'(0*,88%0*%L%*,,55#**,520*#,50*/*G5,*#*, G8>*2L%*,*6U*G*0(8@*/88#(*0-*#/'*%8-0*,)#8'*-HM8%/5,60@*/*#(66#@*#U8#@0@*N*/#55>,55# -*#/'*%8-0*,P*-)5#,>*,*,>*2*/*#@*%U520*0>#80*#W@55#/*#(66#@*#-G**#G8*0*G8*0*,@8*,8G@* (66#@*# P,@*, 55, (*0 U,%*2'*,0#6G *, (55# @* 2*/*#,>*, *, @*,-0*, N8 8)0G552 G8>*2L% U2 55,P*@*,HM8%NL,/*#(66#@*#-@55#8G-0**@-G**#52*#08)@*(88>0*/5,@*-*#/'*%8-0*,*,U8#@0 G*,#*52-0-'(*#H1*N8>*(*0*,]CXBC#*>*2/5,T5#*08dm8'(WBCDDf0#**@0(*#PL,U*#%,>H1*N*-0*20@50 P<<,;,e#/,",#."'1,;")%./"#,.""#1*#&">"4*#2',V)./"=',%',/",/"#1*# 1*./2%"&5*#*2"'. 1*# +,#)"4;"#/'*3 +**'&%%' &" +**'&" 1%%' &" ",2"#*'"#3:"/2"#"'"'"#1*#=*..,">,V:00'&"'."#:"/1"'/"44"#1*#""# #,"0+1"':**4**#:0#)4*#/"#"4)"&*2AJ'%&0;/%#/+,))"4,#2,.&**'5"" 5""' &*# /";:#,.;:" )+*4,/",/.;%#/'%4" "# 2**/ :"/ %5 &" ;%#/,#0" 1"'>"/"',#21*#&"/"1'"&"#:",&1*#)4*#/"#NAG68FE3SaRbH Figuur 9 citaat RICS Code of Service Charge (RICS, 2009) *#BCc*,*#>*,8@>-8G/5,**,K**,]0* G5%*,WG55#]Cc,8@>-8G/5,**,]**, DC0*G5%*,dm8'(WBCDDf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nduidelijke definitie van servicekosten ' +%'&"# )%./"# 2"5**)/3 &," =*.,# ""# 1""4 4*/"'./*&,05 G%= (,V# 1'%"2./ (". 5**#&"# 4*/"'H +%'&"# *<2"'")"#&3 /"'+,V4 &" <,#*#;,e4">%")"#1*# &":00'&"' &*#'""&.2".4%/"#(,V# Figuur 8 quote interview &*#/'*%8-0*,NL,%8-0*,@*/5,60@*2*/*#,>*,*,@*,-0*,/5,**,/*#(66#@*#55,**,(66#@*#U8#@*, @88#P*25-0H95,@*(5,@/5,**,/88#P**2@U8#@0(*0-*#/'*%8-0*,)#8'*-08*>*2'(0F "# G%1"'&")/H +,#)"4;"#/'05 5%"/.;:%%#2":%0&"# +%'&"#A ]" :00'&"'. )0##"# :,"'1%%' ("4< &" 1"'*#/+%%'&"4,V):",&=*))"#35**':"/2":""4)*#%%);%44";/,"<+%'&"#%=2"=*)/A8#&*/2"1*4+%'&/1""4*4 &%%'&"1"':00'&"'"#&,"#.1*./2%"&5*#*2"'""#<*;,4,/9=*'/#"'**#2"/'%))"#&,"(%'2&'**2/1%%'&" "#%#&"'(%")#**'""#+,#-+,#.,/0*/,"1%%'1*./2%"&",2"#*'"#3'"/*,4"'."#1*./2%"&5*#*2"'.& "&

.;:%%#5**)+"')(**5:"&"#,#:"/+,#)"4;"#/'05A]")%./"#&,":,"'5""2"5%",&(,V#+%'&"#>"/**4&&%%' &" 1"':00'&"' "# +%'&"# 1"'1%42"#. &%%'>"4*./ **# &" :00'&"'.A ]" :00'&"'. :">>"# ";:/"' +",#,2 ("22"#.;:*=:,"'%1"'"#5%"/"#P1"'/'%0+"#N%=&"1"':00'&"';ALA&,"#.1*./2%"&5*#*2"'A]%%'&*/"'/*4 1*#+"')(**5:"&"#(,V#%=2"#%5"#,#&"."'1,;")%./"#%#/./**/"'""#2',V.2">,"&"#,."'1**)2""#,#(,;:/"#/'*#.=*'*#/,"5""'AY"/."'1,;")%./"#='%;".%51*/&0.:"/2":"4"/'*V";/1*#*<**#>"./"&,#2/%/ *<'")"#,#2>,V&":00'&"'A'(,V#0,/",#&"4,V)&0.:""41""4=*'/,V"#&,":">>"#>,V2"&'*2"#**#&,/='%;".A 188#@50 (*0 P*>#) -*#/'*%8-0*,,(86@*2L% 8) @/*#-* G5,*#*, U8#@0 >*Y,0*#)#*0**#@, @* /5-0>8*@G5#%0W8,0P#**%0(*00808)(*@*,55,**,**,@6@>*@*3,0*U55#@88#@*@-'6--*8G0#*,0(*0 )#8'*-/5,-*#/'*%8-0*,*,@*53#*%*,,>(*/>*#U8#@0H1*/88#,55G-0*@*3,0*-/5,-*#/'*%8-0*,NL,F S5,152*dBCDCf>**30@*/82>*,@*@*3,0*FZw%8-0*,/5,8,@*#(86@*,@*,-0/*#2*,,>Huh55#PL @*@*3,0*/5,@*,-0/*#2*,,>-FZw(*05283,*00*>*,P*052,>/*##'(0*,/5,@*,-0*,Hu S*#G**#dBCCKf@*3,**#0(*0P*>#)60>*P#*@*#Ftw522*'8,0#5'06**28/*#**,>*%8G*,%8-0*, /5,@*,-0*,*,2*/*#,>*,@*,#*250*-055,G*0(*08PL*'0*,(*0>*P#6%@55#/5,*,@88# /*#(66#@*#-, #*%*,,> U8#@*, >*P#5'(0W 0*, >6,-0* /5, @*,@/@6*2* (66#@*# *,X83 (*0 '822*'0*3/5,(66#@*#-Hu S;M:dBCCif(5,0**#0(*0P*>#)52-/82>0Ftw522*%8-0*,W@*8)>#8,@/5,@*(66#8/*#**,%8G-0 P8/*,8)@*d%52*f(66#)#L-55,@*(66#@*#,#*%*,,>G8>*,U8#@*,>*P#5'(0@*P*0#*%%,> (*PP*,8)@*2*/*#,>*,*,@*,-0*,/5,U*>*@*(66#@*#Hu ;V1W\SRV*,S5-0>8*@G5,5>*G*,0V*@*#25,@Ft&*#/'*%8-0*,NL,%8-0*,/88#2*/*#,>*,*, @*,-0*,W,'26-*35@G,-0#50*/*/*#>8*@,>*,@55#/88#W@*06--*,/*#(66#@*#*,(66#@*#NL, 8/*#**,>*%8G*,*,@88#@*/*#(66#@*#,#*@*2L%(*@NL,>*G55%0*,P*0552@*,@*U8#@*, @88#P*25-055,@*>*P#6%*#Hud;V1*052HWBCCpf 1*;\Q&8G-'(#L30(*052-/82>0FPL-*#/'*%8-0*,-(*0 @8*2(*0 /*#2*,*,/5,2*/*#,>*,*, @*,-0*,8G0*>5#5,@*#*,@50@*N***,P*)552@*08*>*/8*>@*U55#@*P*@*,*,/88#N*,,@* P*(8*3@*/5,(*0/5-0>8*@W@**>*,55#W>*P#6%*#-*,@*'8,-6G*,0Hd;\Q&WBCDJf =5,@P8*%S5-0>8*@G5,5>*G*,08G-'(#L30@*-*#/'*%8-0*,52-NL,@*@*Z%8-0*,@*P*0#*%%,> (*PP*, 8) 522* 5'0/0*0*,W @*,-0*, *, G@@*2*, @*,8@> NL, 8G (*0 8,L*'0, N8@5,>* d0*'(,-'(*f-05500*(86@*,w@50(*0>*p#6%/5,(*08pl*'0>*u55#p8#>@-hm8%@*%8-0*,/88# U50*# *, *2*%0#'0*0 *, @*,3#5-0#6'066# (*#/5, U8#@*, 080 @* -*#/'*%8-0*, >*#*%*,@H ds*#g*62*,<h*g5,wbcdcf =8*U*2P8/*,-055,@*@*3,0*-8)@*G**-0*)6,0*,G*0*2%55#8/*#**,%8G*,W2>0@**--*,0*,*2%/5, P8/*,>*,8*G@* @*3,0*- 5,@*#- U55#@88# -*#/'*%8-0*, 8) /*#-'(22*,@* G5,*#*, U8#@*, >*Y,0*#)#*0**#@ @88# @* G5#%0H S5,60 @* 60%8G-0*, /5, @0 8,@*#N8*% - @* /82>*,@* @*3,0* /5, -*#/'*%8-0*,522*-8G/500*,@F fe"'1,;")%./"#(,v#)%./"#1%%')4",#&*2"4,v).%#&"':%0&34"1"',#2"#"#&,"#./"#3,#;40.,"<*&5,#,./'*/,"1" 1"'2%"&,#2"#&**'1%%'3&,"/0.."#1"':00'&"'"#:00'&"'(,V#1*./2"4"2&"#%1"'""#2")%5"#"#&%%'&" 1"':00'&"'(,V#>"/**4&"#&,"+%'&"#&%%'>"4*./**#&":00'&"';ALA2">'0,)"'Ag 1.1.4 Afbakening =*08,@*#N8*%--)*'552>*#'(08))25,G50>8,0U%%*2@*U,%*2'*,0#5WG*0**,83*,%*2**>*,55#d*,f dt25038#gjd*052hwbcdjfw*,38'6-0n'(8)@*v*@*#25,@-*g5#%0hh5,,**#>*-)#8%*,u8#@0/5,**, U,%*2'*,0#6GW>*2@*,@*/82>*,@**2*G*,0*,d&LP*#0-G5WBCDDW)HD]fF O "*,'8,'*,0#50*83P6,@*2,>/5,G**#@*#*U,%*2-n O :@@*2-)25,G50>*8,0U%%*2,>*,X83>*35-**#@080-05,@>*%8G*,n O S8#G0**,55,**,>*-280*,>*(**2n O 46,'08,**#052-xx,>*(**2n O 95,U*N>(*@/5,**,Z8)*,P55#>*P*@[@50*#/88#N8#>0@50U,%*2-36,'08,**2/*#P8,@*, NL,/88#@*'8,-6G*,0H =*0U,%*2'*,0#6G%5,8/*#@*%0*,X83>*-280*,NL,WG55#%5,88%**,8)*,'*,0#6GNL,@508,@*#@**2 60G55%0/5,**,>#80*#>*(**2d&LP*#0-G5WBCDDW)HD]fHMG*'(0*#**,@*>*2L%*,>*U8>*,5@/*-0* -'(#L/*,/88#@*G5#%0WN52*#88%,55#(*0P60*,25,@G8*0*,U8#@*,>*%*%*,*,0*/*,-(8*G*,@55# G*0-*#/'*%8-0*,8G>550,/*#>*2L%P5#*U,%*2'*,0#5H"#U8#@0,55#)25,G50>8,0U%%*2@*U,%*2'*,0#5 "#%#&"'(%")#**'""#+,#-+,#.,/0*/,"1%%'1*./2%"&",2"#*'"#3'"/*,4"'."#1*./2%"&5*#*2"'.& "&

>*%*%*,8G@50G*,(*#0*G5%*,(**30G*0-*#/'*%8-0*,/88#'822*'0*3>*#*>*2@*2*/*#,>*,*,@*,-0*, /5,60@*/*#(66#@*#H\,@*0#5@08,*2*U,%*2-0#550-@0/55%,*055,@*8#@*W8G@50G*,(*#/55%>**, '822*'0*/*>*P*@*,(**30*,(*08)*,P5#*>*P*@/55%8,@*#/*#5,0U88#@*2L%(*@/5,@*>*G**,0*/520H 1.2 Hoofdvraag 1*(883@/#55>@*'*,0#552-0550,@08,@*#N8*%26@052-/82>0F PNM"4)" )#"4=0#/"# "'1*'"# &" :00'&"'3 1"':00'&"' "# 1*./2%"&5*#*2"',# &"."'1,;")%./"# >,V =4*#5*/,2 %#/+,))"4&" +,#)"4;"#/'*K M*/ (,V# 5%2"4,V)" 1"'>"/"'=0#/"# "# 5"/:%&"# 1%%' ""# "<<";/,"1"'"#"<<,;,e#/"'."'1,;")%./"#='%;".32"',;:/%=5""'/'*#.=*'*#/,""#""#>'"&"'&'**214*)>,V &"./*)":%4&"'.KNN 1*(883@/#55>-0U**2*@>H=*0**#-0*@**2>550,8)@*%,*2)6,0*,*,)#8P2*G*,@*@*5'08#*,*#/5#*, PL @* -*#/'*%8-0*, *, (*0 0U**@* @**2 >550 G**#, 8) @* G8>*2L%* 8)28--,>-#'(0,>*, *, /*#P*0*#)6,0*,55,>55,@*(*0-*#/'*%8-0*,)#8'*-H1*(883@/#55>U8#@0P*5,0U88#@@88#@*5,0U88#@*, 8)@*J@**2/#5>*,*,@*@**2/#5>*,U8#@*,P*5,0U88#@55,@*(5,@/5,20*#5066#8,@*#N8*%W,0*#/*U-W '5-*-06@*-*,**,#*32*'0*/5,*b)*#0-8)(*08,@*#N8*%H 1.3 Deelvragen DH h50-@*(6@>*-0650*8g0#*,0@*v*@*#25,@-*u,%*2'*,0#5*,@*-*#/'*%8-0*,s DHD =8*N*0(*0-*#/'*%8-0*,)#8'*-*#60*,(8*NL,@*-*#/'*%8-0*,8)>*P86U@s DHB =8*NL,@*V*@*#25,@-*U,%*2'*,0#58,0-055,*,8)>*P86U@*,U55#%8G*,@*-*#/'*%8-0*, /5,@55,s DHj =8*-@*V*@*#25,@-*U,%*2)25,,,>080-05,@>*%8G*,*,U50NL,@*/*#U5'(0*0#*,@-, /5,U,%*2/5-0>8*@/88#@*08*%8G-0G*@*,#*250*080@*-*#/'*%8-0*,s DHJ =8*N*0(*0L6#@-'(%5@*#8G0#*,0@*-*#/'*%8-0*,*#60s DHE =8*N*0(*03,5,'**2%5@*#8G0#*,0@*-*#/'*%8-0*,*#60s DHK h*nl,@*-05%*(82@*#-,(*0)#8'*-*,u50nl,(6,p*25,>*,s DHi =8*N*0(*0-*#/'*%8-0*,)#8'*-*#P60*,V*@*#25,@d,0*#,508,552f60*,U*2%*R*-0T#5'0-* %6,,*,U*(*#60/88#V*@*#25,@2*#*,s DH] h50-@*,/28*@/5,,0*#,**,*b0*#,*)#8'*--*,8)-*#/'*%8-0*,s DHp h50 - @* 08*>*/8*>@* U55#@* d5@@*@ /526*f /5, @* /*#5,@*#,>X(*#@*3,v#,> /5, (*0 (6@>*-7-0**Gs BH h50-*#>*u*,-0*,#**@->*)#8p**#@8g@*)#8p2*g50*%8g0#*,0@*-*#/'*%8-0*,8)0*28--*,s BHD h*2%* 55,)5--,>*, 8G0#*,0 (*0 -*#/'*%8-0*,)#8'*- NL, >*U*,-0 @88# @* /*#-'(22*,@* -05%*(82@*#-s",U55#8Gs BHB h55#8g(**30@*g*@#55@&*#/'*%8-0*,h,%*2'*,0#5,*0>*2*@0080**,8)28--,>/88#(*0 )#8P2**Gs=8*W@88#WU5,,**#*,G*0U*2%@8*2-@*N*>*G55%0s BHj h55#8g-@*n*2*@#55@u*2x,*008*>*)5-0,@*)#5%0l%s188#u*2%*)5#0l*,u8#@0@*n*u*2 >*P#6%0*,@88#U*2%*,*0s BHJ =8*%5,@*2*@#55@/88#-*#/'*%8-0*,U*2**,PL@#5>*(*#55,2*/*#*,sh*2%*55,)5--,>*, G8*0*,@55#,U8#@*,@88#>*/8*#@s jh h50 (*PP*, G5#%0P*U*>,>*, 52- @* P*,'(G5#% /88# -*#/'*%8-0*, *, @* U,%*2'*,0#6G%U520*0-G8,08#080-05,@>*P#5'(0s jhd R*,'(G5#%,-*#/'*%8-0*,F jhdhd h50-@*(6@>*-05,@/5,n5%*,8g0#*,0@*p*,'(g5#%-*#/'*%8-0*,/88# U,%*2'*,0#5s",N52@*N*P*,'(G5#%U*22*@*,080**,-0#6'06#*2*8)28--,>/88# (*0)#8P2**Gs jhdhb =8*%5,**,R*,'(G5#%&*#/'*%8-0*,h,%*2'*,0#5PL@#5>*,55,**,8)28--,> /88#(*0,*0O0#5,-)5#5,0*-*#/'*%8-0*,)#8'*-s jhb h,%*2'*,0#6gmu520*0-g8,08#f "#%#&"'(%")#**'""#+,#-+,#.,/0*/,"1%%'1*./2%"&",2"#*'"#3'"/*,4"'."#1*./2%"&5*#*2"'.& "&

jhbhd =**30@*U,%*2'*,0#6G%U520*0-G8,08#,/28*@8)@*%U520*0*,@*>*2*/*#@* -*#/'*- *, @*,-0*, d-*#/'*%8-0*,f *, (8* %5, @* U,%*2'*,0#6G %U520*0-G8,08#(*#55,PL@#5>*,s jhbhb h8#@0@*u,%*2'*,0#6g%u520*0-g8,08##**@-08*>*)5-0,u,%*2'*,0#5*,%5, @*N*52-%U520*0-G*0*#PL@#5>*,55,**,8)28--,>/88#(*08),*6U,#'(0*, /5,(*0-*#/'*%8-0*,)#8'*-s JH h50nl,g8>*2l%*8)28--,>-#'(0,>*,*,8)28--,>--'*,5#8[-*,u50-**,g8>*2l%*g*0(8@* /88#**,*33*'0*/*#*,*33'v,0*#-*#/'*%8-0*,)#8'*-s JHD h50nl,@*#*-62050*,6020*#5066#8,@*#n8*%w,0*#/*u-w*b)*#0g**0,>-*,'5-*-06@*-s JHB =8* )5--*, @* -*#/'*%8-0*, P,,*, @* /*#5,@*#*,@* 0#*,@- *, 8,0U%%*2,>*,, dv*@*#25,@-*fu,%*2'*,0#5s JHj m5,*#**,60>*p#*@**,52>*g*,*@*3,0*/88#-*#/'*%8-0*,plu,%*2'*,0#5u8#@*, >*38#G62**#@,5@*P*5,0U88#@,>/5,P8/*,-055,@*/#5>*,s JHJ h50 NL, @*,>#*@v,0*,w,5@50 P8/*,-055,@* @**2/#5>*, NL, P*5,0U88#@W 8G (*0 -*#/'*%8-0*,)#8'*-8),*6U,0*#'(0*,s JHE h*2%*-05))*,g8*0*,*#,8>u8#@*,>*,8g*,8g0*%8g*,080**,*33'*,0*#*,*33*'0*/*# -*#/'*%8-0*,)#8'*->*#'(08)G**#0#5,-)5#5,0**,@#55>/25%PL@*-05%*(82@*#-s 1.4 Doel & resultaat =*0 @8*2 /5, @0 8,@*#N8*% - 8G #'(0,> 0* >*/*, 55, **, G8>*2L%* 8)28--,> *, **, @6@*2L%W 8,@*#P86U@*602*>*,5@/*-0*>*/*,/88#(*0-*#/'*%8-0*,)#8'*-H=*#/88#N52(*0(6@>*G8@*2 >*5,527-**#@U8#@*,N8@50@6@*2L%U8#@0U55#@*@-'6--*-8,0-055,*,U50G8*0*#/*#P*0*#@U8#@*,H 1*N*60**,N*00,>/5,G*0(8@*,G8*02*@*,080**,P*0*#*G5,*#/5,P*(**#-,>*,G5,5>,>/5,@* -*#/'*%8-0*,N8@50@88#G@@*2/5,@08,@*#N8*%88%**,08*>*/8*>@*%U520*0U8#@0>*P8@*,8)@0 /25% *, (*0 0*/*,- N8#>0 /88# **, P*0*#* -5G*,U*#%,> 06--*, 522* 5'08#*, d/*#(66#@*#w (66#@*#W /5-0>8*@G5,5>*#fH_852-#**@->*-0*2@/8#G*,@*-*#/'*%8-0*,**,P*25,>#L%8,@*#@**2/5,@*d08052*f (6-/*-0,>-25-0*, /5, #*052*#- *, P*@*, @55#8G /88#52 /88# @* /*#(66#@*# *, /5-0>8*@G5,5>*# G8>*2L%(*@*,8G/5,8,@*#-'(*@*,@P*25,>0*U8#@*,,@*'8GG*#'v2*/5-0>8*@@*,-0/*#2*,,>H=*0- P*25,>#L%@50@55#/88#88%8,@*#N8*%U8#@0>*@55,,55#@*(6@>*-0#6'06#*,/5,U,%*2'*,0#5W(*0 8,0-055,*#/5,*,U50@*/*#U5'(0,>-/88#08*%8G-0H=*#,5%5,U8#@*,>*5,527-**#@83(*0(6@>* G8@*2/82-0550W83@5055,)5--,>*,>*@55,G8*0*,U8#@*,*,N8L5U*2%*55,)5--,>*,H=*#55,N622*,@* /88#@*2*,W,5@*2*,*,#5,@/88#U55#@*,U8#@*,>*%8))*2@H1*60*,@*2L%*60%8G-0/5,(*08,@*#N8*% N52 @* /8#G (*PP*, /5, **, 60**,N*00,> 8G0#*,0 @* )#8P2*G50*%W P*2'(0,> /5, @* /*#-'(22*,@* -*#/'*%8-0*,G*0(8@*,*,**,Z-*#/'*%8-0*,G*,6[G*0@55#,#5,@/88#U55#@*,W/88#@*2*,*,,5@*2*, )*#-05%*(82@*#H155#,55-0-*#**,-05))*,)25,>*-'(#*/*,/88#**,,*6U*2*@#55@/88#-*#/'*%8-0*, BHCH10N52(*2)*,8G(*0)#8'*-0#5,-)5#5,0*#0*G5%*,WG**#55,@5'(00*>*/*,*,08*%8G-0P*-0*,@>0* G5%*,55,@*/*#5,@*#*,@*/#55>/5,U,%*2'*,0#5*,@*08*%8G-0*,@55#PL(8#*,@*-*#/'*%8-0*,H=*# 2>>*,%5,-*,/88#@*G5#%08G080**,P*0*#)#8'*-0*%8G*,H15,%8G*,@*-*#/'*%8-0*,*#,*0G**# N8G55#PLWG55#%5,(*0U8#@*,8,0U%%*2@080**,'8GG*#'**2)#8@6'0@*)5#0L*,d/5-0>8*@G5,5>*#-f %6,,*,/*#%8)*,55,(6,8)@#5'(0>*/*#-*,(*2)0@088%8G(*0**,'8G)*00*3*,>*-05,@55#@-**#@ )#8@6'0U50*#08*2*@0@50@*@-'6--*8G0#*,0@*-*#/'*%8-0*,N52/*#G,@*#*,H 1.5 Relevantie 1.5.1 Maatschappelijke relevantie =*0P*>#)-*#/'*%8-0*,P*-055052-,@-(*0P*>,/5,@*0U,0>-0***6UH;**@-,@*L5#*,[jC(**30@* (**#=H4H=5/2%**,P8*%Z&*#/'*Q(5#>*-,?5-5,@"2*'0#';50*-[d=5/2%WDpKBf60>*P#5'(08G0#*,0 -*#/'*%8-0*,*,@*)#8P2*G50*%8G0#*,0(*08,@*#U*#)-*#/'*%8-0*,HS#5>*,@*@55#,8,0-08,@*, P*0#833*,8,@*#5,@*#*U*2%*%8-0*,U*283,*055,**,(66#@*#G8>*,U8#@*,@88#P*25-0HM8%@* @-'6--* 8G0#*,0 0#5,-)5#5,0* PL -*#/'*%8-0*, U*#@ @*-0L@- 52 52- **, )#8P2**G >*N*,H =*0 -*#/'*%8-0*,)5%%*0WG*05,@*#*U88#@*,@*2*/*#,>*,*,@*,-0*,/5,60/*#(66#@*#55,(66#@*#W- "#%#&"'(%")#**'""#+,#-+,#.,/0*/,"1%%'1*./2%"&",2"#*'"#3'"/*,4"'."#1*./2%"&5*#*2"'.& "&

*'(0*#U*260>*P#*@,@*L5#*,@*/82>@*,H1*>*#6'(0*,,@*G5#%0>*/*,*'(0*#55,@50(*0)#8P2**G,8>-0**@-55,U*N>-HM8%@*>*Y,0#8@6'**#@*g*@#55@/88#&*#/'*%8-0*,PLU,%*2'*,0#5d;V1*052HW BCCpf(**30,8>,*0080**,-0#6'06#*2*8)28--,>/88#(*0)#8P2**G>*2*@HS*#@*#NL,*#,8>**,55,052,-)5,,,>*,/*##'(0,@*G5#%0WN852-@*@88#A8,*-g5,>g5&522*dAggf8,0U%%*2@*M&Q9;#5))8#05>*dAH R#*--*#- < :H =*-)W BCDBfW U55#, P*,'(G5#% G*0 **, /*#%5,0* G*0*# )#L- /88# -*#/'*%8-0*, /5, %5,08#*,G*0@55#PL(*0)5%%*0/5,@*,-0*,U8#@0>*>*/*,H188#@50(*255-,8>U*,>G5#%0)5#0L*,N'( 55,-260*,PL@*N*G5#%0,>#*)*,P2L30(*0@*/#55>83@0#*)#*-*,050*3-/88#@*#*-0/5,/5-0>8*@ V*@*#25,@H155#,55-0NL,P#5,'(*8#>5,-50*&0'(0,>&06@*'*,0#6G:5#%08,0U%%*2,>;*052T25038#G d&&: ;*052 T25038#Gf *, ht: ;*052 P*N> G*0 8,@*#N8*%,55# **, 52>*G*,* P*,'(G5#% /88# -*#/'*%8-0*,PLU,%*2'*,0#5H=*08,@*#U*#)-*#/'*%8-0*,-,G@@*2-**,8,@*#U*#)>*U8#@*,@50 (88>8)@*5>*,@5-0550H=*08,@*#U*#)(**30,@*N*0L@/5,*'8,8G-'(*#*'*--*G**#'8GG*#'v2* #*2*/5,0*>*%#*>*,@5,/88#(**,*,@55#8G-/*#@*#8,@*#N8*%,55#@*)#8P2*G50*%(*#8G0#*,0N,/82H +*/*,--)**20,G550-'(5))*2L%P*25,>@66#N55G(*@W%U520*0*,%8-0*,**,P*25,>#L%*#82H166#N55G /*#5,0U88#@/5-0>8*@*,@66#N55G/*#5,0U88#@8,@*#,*G*,U8#@0>*N*,52-**,P*25,>#L%*-05),@* 08*%8G-0W*,*>*,5#*,/5,/5-0>8*@-0*22*,*#-0**@-(8>*#**-*,55,HR8/*,@*,U8#@0@05-)*'0/55%,>*N*052-G5#%*0,>0882/88#*>*,5#*,8G(*0/5-0>8*@0*)#8G80*,*,*#@66#N55GG**8G0*>55,H _*%*#, U,%*2'*,0#5 -)**20 (*0 **, #82W 8G@50 G*, (*# @'(0 8) @* '8,-6G*,0 N0W *, @55#, **, P*25,>#L%* P88@-'(5) %5, 8/*#P#*,>*,H "'(0*# 55, @* 5,@*#* %5,0 U8#@0 /828) P*N6,>@H 10 >550 /*#/82>*,-0*,%8-0*/5,%U520*0*,@66#N55G(*@HM8%**,55,052)#5%0-'(*/88#P**2@*,@6@*,8)**, %#0-'(*P*,5@*#,>*,P2%8)@*-*#/'*%8-0*,H15,U8#@0*#PL/88#P**2@8,0@*%0@50**,QS%*0*2@* 8,/*#G8*@P2L30@88#P#5,@*,,@*N8G*#8G@50*#**,#*>*2,-052250*,*0>8*@-53>*-0*2@H=*#,U8#@0 88%(*0%8-0*,5-)*'0/88#@*#*052*#*,*>*,55#52-**,P*25,>#L%8,@*#@**2>*N*,H155#G**-(*0 )#8P2**G88%,G550-'(5))*2L%*'8,0*b0#*2*/5,0@88#@*5'08#*,P*U6-00*250*,U8#@*,/5,@*>*/5#*, @*G*,288)0U5,,**#G*,,*0%#0-'(-8)@*%8-0*,*,53#*%*,,>*,@*P*0552@G8*0*,U8#@*,H=*0 8,@*#U*#)-*#/'*%8-0*,-P#**@*,NU55#>*,8*>WG*@*@88#@*-05,@)6,0*,*,@/*#-*8)G*#%,>*, /5,60@*G5#%0@**#NL,>*/8#G@8/*#-*#/'*%8-0*,H 1.5.2 Wetenschappelijke relevantie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b)*#0-WP#5,'(*8#>5,-50*-*,5,@*#*P*0#8%%*,*,PL(*0-*#/'*%8-0*,)#8'*-/5,U,%*2'*,0#5H =*#,U8#@0(*08,@*#N8*%/5,60@*0(*8#*0-'(*%5,0U8#@*,>*08*0-055,@*)#5%0L%*,N5288%(*0 L6#@-'(*5-)*'0/5,-*#/'*%8-0*,*,(6-/*-0,>-25-0*,U8#@*,>*08*0-0H+*,@*#@*(**30(*08,@*#N8*% **,%U52050*3*,%U5,0050*3%5#5%0*#H=*0%U5,0050*/*8,@*#N8*%>550/88#,5G*2L%,8)/*#>*2L%,> /5,(6-/*-0,>-25-0*,*,-*#/'*%8-0*,PL@*#*052*#-,@*U,%*2'*,0#58G@55#G**@*P5,@P#**@0*/5, @*-*#/'*%8-0*,55,0*%6,,*,>*/*,H=*0%U52050*/*@**2>550G**#,8)@*G5#%0P*U*>,>*,W@* @-'6--*-@**#NL,W>*-)#*%%*,G*0*b)*#0-W*,@*#>*2L%*HM)P5--/5,@*60(*020*#5066#8,@*#N8*% /*#%#*>*,%*,,-U8#@0**,,0*#/*U/#5>*,2L-0/88#@*/*#-'(22*,@*5'08#*,8)>*-0*2@H=*0,0*#/*U- 53>*,8G*,PL/*#-'(22*,@*/-50>8*@)5#0L*,@*,55,#5%,>%8G*,G*0(*0-*#/'*%8-0*,)#8'*-H"#- P*U6-0**,P#*@*-*2*'0*>*G55%08G(*08,@*#U*#)/5,60522*5'08#*,0*P*2'(0*,*,8GN8**,>8*@ P**2@ 0* %#L>*, /5, @* )#8P2*G50*%, @* -*#/'*%8-0*, *, (*0 250*# 38#G62*#*, /5, **, G8>*2L%* 8)28--,>XG*0(8@* /88# (*0 )#8P2**GH +80-280 (**30 **, '5-*O-06@7 8,@*#N8*% )2550->*/8,@*, *, >*v/526**#@8g(*08,@*#n8*%0*08*0-*,w08*)5-p55#w60/8*#p55#*,u*#%p55#0*g5%*,h=*#pl-0*/*,- @*P5,@P#**@0*,@*-*#/'*%8-0*,*,#*250*080@*(66#)#L-8,@*#N8'(0H MG**,*,5,@*#05-0P55#*,60/8*#P55#0*G5%*,NL,@#*U,%*2'*,0#552-'#8--O'5-*-06@7P*-0*G)*2@ *,NL,0*/*,-j]U,%*2'*,0#5>*5,527-**#@8G@*N*/*#>*2L%,>,P5,@P#**@0*0*%6,,*,G5%*,H1* "#%#&"'(%")#**'""#+,#-+,#.,/0*/,"1%%'1*./2%"&",2"#*'"#3'"/*,4"'."#1*./2%"&5*#*2"'.& "&

U*0*,-'(5))*2L%* #*2*/5,0* /5, @0 53-06@**#8,@*#N8*% - /*#@*# >*/8#G@ @88# **, 55,/622,> 8) P*-055,@*8,@*#N8*%*,*,0(*8#*v,0*8,0U%%*2*,*,8)@*G5,*#**,PL@#5>*2*/*#*,55,@*8)28--,> /5,@*@-'6--*-@*8,0-055,8G0#*,0@*-*#/'*%8-0*,PLU,%*2'*,0#5H1*0(*8#*0-'(*P5--/5,(*0 8,@*#U*#)-*#/'*%8-0*,PLU,%*2'*,0#5--'(55#-WG55#@55#@88#N52*#88%,55#,0*#,508,52*20*#5066# U8#@*,>*N8'(0W8G@55#PL88%@*ZP*-0)#5'0'*-[0*8,@*#N8*%*,*,8)0*,*G*,,(*08,@*#N8*%*, 8)28--,>H =8*U*2 @*,38#G50* -'(55#- -W - *# U*2 8/*# (*0 8,@*#U*#) -*#/'*%8-0*, >*-'(#*/*,H M,@*#N8*%(**30G*0,5G*)2550->*/8,@*,8)(*0>*P*@/5,%5,08#*,*,U8,,>*,H=*#PL(**30&L8*#@ m8'%ddppkf**,8,@*#n8*%>*@55,,55#@*(6-/*-0,>-25-0*,pl>*)25,@*u,%*2'*,0#5hs82>*,-m8'% ddppkf-z55,@*(5,@/5,@508,@*#n8*%-**,**#-0*,8#g>*-0*2@55,@*(88>0*/5,>*g@@*2@*-*#/'*ow *,*#>*O*,)#8G80*25-0*,[H&)5,,%-dDppJf(**30**,5,5270-'(8,@*#N8*%60>*/8*#@,55#-*#/'*%8-0*, PLG6200*,5,0%5,088#>*P86U*,H:55#08'(U5#*,@*/*#%#*>*,#*-62050*,60@*N*8,@*#N8*%*,,*0 08*#*%*,@H1*P*25,>#L%-0*88#N55%(*#/88#U5#*,@*8,@88#N'(0>(*@/5,@*'L3*#-@*P*-'(%P55# U5#*,*,P*-'(%P55#U*#@*,>*-0*2@H;*'*,0*#(**30S*#G**#dBCCKf**,8,@*#N8*%60>*/8*#@,55# -*#/'*%8-0*,PLG6200*,5,0>*P86U*,PL%5,08#*,H=*#,(**30S*#G**#N'(-)*'552>*#'(08)@* 8,0U%%*2,>/5,@#*G*0(8@*,8G-*#/'*%8-0*,G**0P55#0*G5%*,*,0*N8#>*,/88#G**#0#5,-)5#5,0*,@*-*#/'*%8-0*,H M)(*0>*P*@/5,-*#/'*%8-0*,PLU,%*2'*,0#5(**30M25/@*R8*#dBCC]fNL,53-06@**#0(*-->*-'(#*/*, G*052-8,@*#U*#)@*Z?*@#5>-'8@*/88#-*#/'*%8-0*,/88#'8GG*#'**2/5-0>8*@,V*@*#25,@[HM8% (**301*R8*#(**30(*#/88#,55#(*0P60*,25,@>*%*%*,dG*0,5G*",>*25,@f*,(**30(L@*/*#>*2L%,> >*G55%0G*0(*0-7-0**G@50,V*@*#25,@U8#@0>*(5,0**#@H:*0(*08,@*#N8*%@50(L(**30/*##'(0W (**30(L(*0,60*,,88@N55%/5,**,(5,@2*@,>/88#-*#/'*%8-0*,8,@*#N8'(0*,N8PL>*@#5>*,55,@* 8,0U%%*2,>/5,@*Zg*@#55@/88#&*#/'*%8-0*,PLh,%*2'*,0#5[H1*N*2*@#55@N52,@08,@*#N8*%/*#@*# U8#@*,P*-'(#*/*,*,8,@*#N8'(0WU5,0@*2*@#55@(**30,8>,*0>*2*@080**,8)28--,>/88#(*0 )#8P2**G8G0#*,0@*-*#/'*%8-0*,H"*,/5,@*2550-0*W*,G**-0#*'*,0*W8,@*#N8*%*,,55#-*#/'*%8-0*, U5-(*08,@*#N8*%/5,S*#%*#%dBCDBf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g*@#55@&*#/'*%8-0*,/88#h,%*2'*,0#5*,@* P*,'(G5#%-*#/'*%8-0*,/88#U,%*2'*,0#5U*2%*8,0U%%*2@N86U8#@*,@88#:'(*52_U*0-/5,hT: ;*052H1*N*,>#*)*,(*PP*,0808)(*@*,,8>,*0080**,8)28--,>%6,,*,2*@*,H=*0>*(**2N52**, PL@#5>*2*/*#*,55,@*%*,,-G*0P*0#*%%,>080@08,@*#U*#)*,**,55,/622,>NL,8)P*-055,@* 20*#5066#H+80-280U8#@0>*0#5'(0G*0@08,@*#N8*%G**#@6@*2L%(*@*,6,38#G0*00*P*@*,55,(*0 -*#/'*%8-0*,)#8'*-PLU,%*2'*,0#5H "#%#&"'(%")#**'""#+,#-+,#.,/0*/,"1%%'1*./2%"&",2"#*'"#3'"/*,4"'."#1*./2%"&5*#*2"'.& &

1.6. Onderzoeksaanpak =*08,@*#N8*%-G8@*2*,8,@*#N8*%-G*0(8@*%/88#@08,@*#N8*%--'(*G50-'(U**#>*>*/*,,**, '8,'*)06**2G8@*2F "#%&'(#)*+,+-"-./0* ""#%&'##()* g0*#5066# -*#/'*%8-0*,< (6-/*-0,>-25-0*, +(*8#*0-'(3#5G*U8#% g0*#5066# h,%*2'*,0#5 +(*8#*X%*,,-/8#G,>DHC^ %*,,-/8#G,>DHC^ @**2'8,'26-*-20*#5066# g0*#5066# G5#%0P*U*>,>*, 95,P*/*2,>*,X5@/*- \,0*#/*U- Q5-*-06@*- "G)#-'(3#5G*U8#% +(*8#*X%*,,-/8#G,>BHC 4**@P5'%#8,@* *b)*#0- Q8,'26-*-*,8)28--,>*, Q8,'26-*X55,P*/*2,>*, */*2 *2,>*, Figuur 10 Onderzoeksmodel (eigen bewerking) \*&"'"/%"4,;:/,#2%=%#&"'(%").-5%&"4? )#8P2**G-0*22,>FP*0#*30@*(883@/#55>/5,(*08,@*#N8*%H 20*#5066#-06@* -*#/'*%8-0*, *, (6-/*-0,>-25-0*,F 20*#5066# 8/*# (6-/*-0,>-O *, *b)28050*25-0*,w-*#/'*%8-0*,w*0'*0*#5h 20*#5066#U,%*2'*,0#5F8,0-055,/5,U,%*2'*,0#5W)2*%%*,W28'50*-WP*(8*30*,W/88#N*,,>*,W *0'*0*#5H10(**30G**#/8#G/5,**,60**,N*00,>H 20*#5066# G5#%0P*U*>,>*,F U*2%* G5#%0P*U*>,>*, 8,0-055, *# dn852- **, P*,'(G5#%W %U520*0-G8,08#*,2*@#55@/88#-*#/'*%8-0*,f*,U*2%*,/28*@(*PP*,@*N*>*(5@8)@* -*#/'*%8-0*,s 0(*8#*X%*,,-/8#G,>DHCF@88#G@@*2/5,Z@*-%O#*-*5#'([-#**@-5,0U88#@>*>*/*,8)**, 55,052 @**2/#5>*,H 1*N* **#-0* '8,'26-*- (*PP*, 52- @8*2 8G,)60 0* 2*/*#*, /88# @*,0*#/*U-*,3**@P5'%#8,@*/5,@**b)*#0-H,0*#/*U-F P*0#*30 (*0 (86@*, /5,,0*#/*U- G*0 @* 5'08#*, d(66#@*#w /*#(66#@*#W *, /5-0>8*@G5,5>*#f 3**@P5'%#8,@* *b)*#0-f /88#,5G*2L% @*)0*O,0*#/*U- G*0 @* /*#(66#@*#-W (66#@*#- *, /5-0>8*@G5,5>*#-*,3**@P5'%#8,@*8)@*P*/,@,>*,/5,(*08,@*#N8*%H '5-*-06@*-F8,@*#N8*%,55#-*#/'*%8-0*,WG*0(8@*,W53(5,@*2,>*,WG5,*#*,W*,@*#>*2L%*H 0(*8#*X%*,,-/8#G,>BHCFP*5,0U88#@,>@**2/#5>*,W(*#N*,/5,@*>*/8#G@*%*,,-/5, 0(*8#*/8#G,>DHC*,**,(*#L%,>G5%*,@88#0*#6>0*>55,,55#0(*8#*X%*,,-/8#G,>DHC *,@*/*#@*#*-05))*,@*@55#,5>*G55%0NL,H "#%#&"'(%")#**'""#+,#-+,#.,/0*/,"1%%'1*./2%"&",2"#*'"#3'"/*,4"'."#1*./2%"&5*#*2"'.& "&

'8,'26-*-*,8)28--,>*,F60**,N*00,>8/*#@*8)28--,>/5,(*0)#8P2**G*,'8,'26-*-H h*2%*g*0(8@*,nl,*#wu*2%*#5,@/88#u55#@*,nl,(*#55,/*#p8,@*,*,u50nl,@*/88#o*,,5@*2*,hs*#/82>*,->**30@0@*8)28--,>,@*/8#g/5,g**#@#55>%#5'(0w(*2@*#*p*>#))*, *,%*,,-8/*#@*G*0(8@*%*,#5,@/88#U55#@*,H 95,P*/*2,>*,*,5@/*-F'#0*#5/*#/82>8,@*#N8*%W60-'(#L/*,/5,5@/*-8G6,38#G0*00* P*@*,55,@*G5#%08G0#*,0@*-*#/'*%8-0*,dPLU,%*2'*,0#5fH _#&"'(%").5"/:%&"#h&*/**#*49." =*0 8,@*#N8*%,55# -*#/'*%8-0*, PL U,%*2'*,0#5 U8#@0 >*@55, @88# G@@*2 /5, **, 55,052 8,@*#N8*%-G*0(8@*,H1*/88#@08,@*#N8*%>*P#6%0*G*0(8@*,NL,@*/82>*,@*H @,/"'*/00'./0&,"? 1*20*#5066#-06@*,@08,@*#N8*%@*,052-0(*8#*0-'(36,@5G*,08G@*>*-'(*@*,-/5,-*#/'*%8-0*,W d)25,g50>8,0u%%*2@*fu,%*2'*,0#5w@*8,0u%%*2,>*,*,0#*,@-8)(*0>*p*@/5,u,%*2/5-0>8*@w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j]U,%*2'*,0#5*,(*#,NL,@*-*#/'*%8-0*,G*0*2%55# /*#>*2*%*,,#*250*080@*(66#)#L-W>#8800*W/*#@**2-2*60*2-W*,@*#>*2L%*H155#,55-0-**,'5-*-06@7 8,@*#N8*%08*>*)5-08)@#*/*#-'(22*,@*U,%*2'*,0#5G*0/*#-'(22*,@*d>*8>#53-'(*f2>>,>W#6G0*2L%* 8)N*0W5'0/0*0*,*,07)828>**,>#8800*H188#G@@*2/5,@*N*,0*#,*'5-*5,527-*/*#-'(530@*N* @*)>55,@*,38#G50*8/*#@*N*@#*07)*,U,%*2'*,0#5H1*N*'5-*-06@*-NL,/*#@*#60>*U*#%0G*0 P*(62)/5,8,@*#5,@*#*>*-'(#*/*,20*#5066#/5,"-*,(5#@0*,q,dDp]pf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h&F S*#(66#@*#- QR;"?28P52\,/*-08#-dVgfRS m2*)*##* =RQ5)052 &7,0#6-9'(G*5 =66#@*#- +(*&0,>XQ8-0*- S5,=5#*, &5'(5&'(8*,*, :*@5:5#%0 S5-0>8*@G5,5>*#-F QR;" 1+_ Agg m2*)*##* ht: R*25,>*,8#>5,-50*- S?:Vg \SRV ;V1 M/*#> M#5,>*3*2@ Tabel 5 Overzicht interviews (eigen bewerking) "#%#&"'(%")#**'""#+,#-+,#.,/0*/,"1%%'1*./2%"&",2"#*'"#3'"/*,4"'."#1*./2%"&5*#*2"'.& "&

1*60%8G-0*,*,5,527-*-/5,@*,0*#/*U-NL,8)>*,8G*,,(883@-06%]H=*#,-)*#5'08#55,>*>*/*, U50@*G**-0>*>*/*,5,0U88#@*,NL,/5,@*#*-)8,@*,0*,*,U8#@0*#**,/*#>*2L%>*G55%006--*,@* 5,0U88#@*,/5,@*/*#-'(22*,@*-05%*(82@*#-H O""&>*;)'%#&""D="'/. V55-0 @*,0*#/*U- (*PP*, **, 55,052 *b)*#0-,8>g552-3**@p5'% *, '8GG*,055# >*>*/*, 8) @* P*/,@,>*,/5,(*08,@*#N8*%*,@*#*-6250*,/5,@*N*'8GG*,055##8,@*NL,/*#U*#%0,@*'8,'26-*- /5,(*08,@*#N8*%H95,@*'8GG*,055##8,@*(*PP*,@*/82>*,@*)5#0L*,@**2>*,8G*,F \V+";S\"h&F S*#(66#@*#- =RQ5)052 m2*)*##* &7,0#6-9'(G*5 =66#@*#- +(*&0,>XQ8-0*- &5'(5&'(8*,*, S5-0>8*@G5,5>*#-F QR;" R*25,>*,8#>5,-50*- S?:Vg \SRV ;V1 M/*#> M#5,>*3*2@ Tabel 6 Overzicht feedbackronde experts (eigen bewerking) 1* 60%8G-0*, 60 (*0 20*#5066#8,@*#N8*%W @* '5-* -06@*-W,0*#/*U- *, 3**@P5'%#8,@* G*0 *b)*#0-2*/*#*,522*g552**,p*25,>#l%*pl@#5>*55,(*0p*5,0u88#@*,/5,@*(883@o*,@**2/#5>*,h188#(*0 8,@*#N8*%-#5))8#0NL,@*N*/#5>*,P*5,0U88#@*,-@*N*,38#G50*/*#>55#@8G8G(*#G**@*(883@O *,@**2/#5>*,0*%6,,*,P*5,0U88#@*,,@*'8,'26-*-,(883@-06%pH "#%#&"'(%")#**'""#+,#-+,#.,/0*/,"1%%'1*./2%"&",2"#*'"#3'"/*,4"'."#1*./2%"&5*#*2"'.& "&

2. WINKELCENTRA IN NEDERLAND 188#G@@*2/5,@0(883@-06%U8#@0@*5'(0*#>#8,@/5,(*08,0-055,/5,U,%*2'*,0#5W@*/*#5,@*#*,@* #*052G5#%0W07)828>**,/5,U,%*2'*,0#5*,@*#*250*06--*,U,%*2'*,0#5*,-*#/'*%8-0*,U**#>*>*/*,H 10(883@-06%>**30@55#G**5,0U88#@8)@*@**2/#5>*,DHDODHjWjHB*,JHBH "#%#&"'(%")#**'""#+,#-+,#.,/0*/,"1%%'1*./2%"&",2"#*'"#3'"/*,4"'."#1*./2%"&5*#*2"'.& "&

2.1 Ontstaan & ontwikkeling van het winkellandschap "##%%"&'%"&()"*+,-"#% h,%*2-8,@*#p#*,>*,,xx,>*p86u83'*,0#6gw(*0n8>*,8*g@*u,%*2'*,0#6gwu8#@052**,25,>*0l@ >*@55,H1*?#80*R5N55#/5,\-)5(5,,\#5,W**,G5#%0@*>#80*,@**2-8/*#@*%0-W@50**#0PL/88#P**2@52 60@*DC***6U,5Q(#-06-H1*N*ZG5#%0*,[/8,@*,)2550-8)Z'*,0#52*28'50*-P,,*,@*-05@WU55#@* P*U8,*#- d'8,-6g*,0*,f /88#,5G*2L%, @* @8#)*, *# 8G (**, U88,@*,H 1*N* @8#)*, (5@@*, **, U,%*2P*-05,@ @50 >*#'(0 U5-8) @* @5>*2L%-* P88@-'(5))*, /88# @* P*U8,*#-[ d90n*g5w M2@*,W < &)*#,>-WBCDBfH\,@*-0*@*,8,0-08,@*,/*#/82>*,-,@*55,288)-0#50*,,55#@*G5#%008*W-0**@-G**# U,%*2-H\,(*0P*>,U5#*,@*/#L%2*,W0808)**,>*>*/*,G8G*,088%(*0U5#*,(6-NL,,0#*@*@**@ d*,@dp * **6UfHZ1*8,0U%%*2,>/5,,*6U*U,%*2>*P*@*,,V*@*#25,@/*#288)0-,@-@*+U**@* h*#*2@88#28>-0*#%)25,g50>zd90n*g5*052hwbcdbfhs82>*,-t#83h1#hm*@n>*90n*g5d90n*g5*052hwbcdbf U5-(*060>5,>-)6,0@50ZU,%*2-[,U,%*2'*,0#50(6-(8#*,H=v#5#'(**,3L,G5N>(*@U5#*,(*#PL P*25,>#L%* 8#@*,@* )#,')*- @* U*#@*, 08*>*)5-0H T25,828>*, 8,0U%%*2@*, (*0 '8,'*)0 /5, @* 36,'08,*2*(v#5#'(*U*2%*U5->*P5-**#@8)@*Z'*,0#52*)2550-*,0(*8#*[/5,Q(#-0522*#dBCDBfH90N*G5 d90n*g5 *0 52HW BCDBfH S82>*,- 90N*G5 dbcdbf 25> @* Z'*,0#52* )2550-*,0(*8#*[ 0*, >#8,@-25> 55, @* 3L,G5N>*U,%*2-0#6'066#*,U55#,@*#*250*06--*,(*0#6G0*2L%)50#88,/5,,*@*#N*00,>*,d-0*@*,*, @8#)*,PL/88#P**2@*,U55#@*'8,-6G*,0*,U8,*,f*,@*G5#%036,'0*dU55#2*/*#5,'*#-N'(P*/,@*,f '*,0#552-0550dm#5PP*,WBCDjfHV55#G50*-0*@*,>#80*#U8#@*,*,G**#,U8,*#-(*PP*,W%#L>*,NL88% G**# d/*#n8#>*,@*f 36,'0*- *, - (*0 /*#N8#>,>->*P*@ @6-60>*-0#*%0*# d:5-08)w BCDBW )H KfH 1*N* '*,0#552>*2*>*,U,%*2-0#50*,8,0U%%*2@*,N'(N*23080(*0%*#,U,%*2>*P*@/5,@*-05@d90N*G5*052HW BCDBfH188##6G0*>*P#*%,@*-05@-'*,0#58,0-08,@*,#8,@83#**@-/88#@*0U**@*U*#*2@88#28>U,%*2- *,U,%*2'*,0#525,>-@*P*25,>#L%*60/52-U*>*,/5,@*-0*@*,HM8%,,*6U*U88,UL%*,/*#-'(*,*,@* N8>*(*0*,ZP66#0U,%*2-[HV5@*+U**@*h*#*2@88#28>%#*>*,@*N*>#80*#*U88,UL%*,*,P66#0*,(6, *>*,U,%*2'*,0#6Gd&)**0L*,-<T8-0WBCDBfH "#%#&'(("#))#*)""#% S82>*,-Q(#-0522*#-*#/88#*@*#*/88#N*,,>**,G,G6G@#55>/25%W@*@#*G)*2U55#@*W,88@N5%*2L% /88#@50@*N*%5,U8#@*,55,>*P8@*,H1*N*@#*G)*2U55#@*/5#**#0)*#/88#N*,,>U5,0PL/88#P**2@**, P5%%*#(**30**,25>*#*@#*G)*2U55#@*@5,**,U5#*,(6-d:5-08)WBCDBW)HKfHR8/*,@*,-(*055,052 '8,-6G*,0*,@50**,/88#N*,,>,55#N'(08*%5,0#*%%*,53(5,%*2L%/5,@*G5bG52*53-05,@@***, '8,-6G*,0P*#*@-530*2*>>*,/88#**,P*N8*%55,@*N*/88#N*,,>dg5,>*/*2@WBCCKfH10U8#@088%U*2 @*#*%UL@0*/5,@*/88#N*,,>>*,8*G@d"/*#-Wm88LG5,W<m#5PP*,WBCDDW)HEifH "#%&'()(*'+,"+-&.-"#%#& 1*28'50*/88#U,%*2/5-0>8*@-P*25,>#L%H1*U,%*228'50*P*)552@ GG*#-@*55#@*,8G/5,>/5,@*'8,-6G*,0*,-0#88Gd:5-08)WBCDBW )H KfH 10-0550 88%, #*250* G*0 (*0 /*#N8#>,>->*P*@ /5, **, U,%*2'*,0#6GHZ=*0/*#N8#>,>->*P*@/5,@*/88#N*,,>U8#@0P*)552@ @88#@*@#*G)*2U55#@**,@*#*%UL@0*/5,@*/88#N*,,>H1*P*(8*30* /88# **, U,%*2 83 U,%*2'*,0#6G %8G0, P*>,-*2 /88#0 /5,60 @* P*(8*30*/5,@*'8,-6G*,0*,U50@*'8,-6G*,0,8@>(**308G,NL, P*(8*30*0*/88#N*,[d:5-08)WBCDBW)HKfHZMG@*#>*2L%*)#8@6'0*,55, 0*P*@*,55,@*'8,-6G*,0G8*0*#**,)2550-U8#@*,>*/8,@*,,@* >*P86U@*8G>*/,>W830*U*2@*U,%*2-H1*0(*8#*/5,Q(#-0522*#>**30 @0-'(*G50-'(U**#,@*/8#G/5,'#%*2-#8,@8G@*/88#N*,,>H1* '#%*2/88#@*@#*G)*2U55#@*(**30**,%2*,*#*-0#552@5,@*/5,@* #*%UL@0*[d:5-08)WBCDBW)HKfH "#"%&#'"(#")&*%+&"#%&'()&((' Figuur 11 Schemastische weergave verzorgingsgebied volgens Christaller /U*)80<L9S'9L<KV3K 1*(6@>*V*@*#25,@-*@*052(5,@*2-0#6'066#-,8>-0**@-/88#**,>#880@**2>*P5-**#@8)@*0(*8#* /5,Q(#-0522*#H100*#UL2@*N*0(*8#*,@*(6@>*0L@,*0G**#520L@/5,08*)5--,>-/5,U*>*@*,/28*@ /5, 0(*8#*v, 52- @* /5, V*2-8,W :7#@52W 928,-8W ;*227 *, Q(#-0522*#H =*#G** - (*0 U,%*225,@-'(5)@*53>*28)*,@*'*,,5-0*#%>*-0#6'06#**#@55,@*(5,@/5,#508,52*55,,5G*-d/5,@*# "#%#&"'(%")#**'""#+,#-+,#.,/0*/,"1%%'1*./2%"&",2"#*'"#3'"/*,4"'."#1*./2%"&5*#*2"'.& "&

h**#@wbcddw)hjbfh\,@*(6@>*g5#%0%*-0@*'8,-6g*,0,*0g**#/5,n*23-)#*%*,@522**,/88#(*0 @'(0-0PLNL,@* U,%*2>*P*@H _8 U8#@*, U,%*2*, /88# )2*N*# *, /*#G55% -0**@- P*25,>#L%*# dh8233w BCDjfHM8%G8P20*0*,U*2/55#0/5,@*'8,-6G*,0(*PP*,52->*/82>@50@*53-05,@06--*,@*U8,,>/5, @* '8,-6G*,0 *, @* /88#N*,,> d(*0 U,%*2'*,0#6Gf >**, @*#G50* >#80* #82 G**# -)**20 *, @50 @* 53-05,@-G,G52-50*@6-,*0G**#,88@N5%*2L%-d/5,@*#h**#@WBCDDW)HjBfH1*0(*8#*/5,Q(#-0522*# U8#@0/55%)#5%0-'(,>*N*0PL@*P#5,'(*-5G*,-0*22,>/5,**,U,%*2>*P*@U55#PL*b)2'*0U8#@0 60>*>55,/5,**,(v#5#'(*W#*%*,,>(86@*,@G*0@*@#*G)*2U55#@**,#*%UL@0*d:5-08)WBCDBfH\,@* L5#*,[KCP2**%@50522*-88#0*,-0*@*,*,'*,0#555,/*#,*6U,>08*U5#*,H188#*'8,8G-'(*>#8*U*#@ 5608P*#*%P55#(*@/5,@*-05@'*,0#5P*25,>#L%d"/*#-*052HWBCDDfH=*05''*,0/*2@55#8GG**#*,G**# 8)-05@-/*#,*6U,>*,(*#,#'(0,>WU55#PL(*0/8*0>5,>*#->*P*@P*25,>#L%*#U*#@*,5608/*#%**# -0**@- G**# U*#@ >*U**#@ 60 @* P,,*,-05@H S82>*,- 90N*G5 dbcdbf >,> /5,60 (*0 /*#2*@*, @* (*#8,0U%%*2,>/5,U,%*2-0#50*,*,'*,0#5>*)55#@G*0(*008*/8*>*,/5,U,%*2G*0*#-WN8,@*#@* (-08#-'(*%*#,55,0*05-0*,HS88#,5G*2L%8)9D28'50*-8)@*>#80*U,%*2-0*@*,/5,V*@*#25,@-*# U*,>P*(8*30*G**#55,,*6U*U,%*2G*0*#-dV*@*#25,@-*;55@/5,h,%*2'*,0#5WBCDJfH_8@8*,@*N52 @*55,@5'(0/*#-'(6/*,/5,>#8**,60P#*@,>/5,U,%*2G*0*#-,55#(*#8,0U%%*2,>W0#5,-38#G50**, 8,00#*%%,>/5,@*P*-055,@*U,%*2/88##55@dT25,P6#*56/88#@*g**38G>*/,><9G-0*#@5G&'(88283 ;*52"-050*WBCDjW)HjCfH "#%#&'()*&+',,-"."#%&'(%)*+ T25,G50> 8,0U%%*2@* U,%*2'*,0#5 (5,>*, /88#,5G*2L% -5G*, Huurder G*0 (66#@*#-W /*#(66#@*#- d*>*,55#fw /5-0>8*@G5,5>*#- d/5-0>8*@g5,5>*#f *, @* '8,-6G*,0*,H 10 NL, 0*/*,- @* P*25,>#L%-0*-05%*(82@*#-@*,@08,@*#N8*%,55#-*#/'*%8-0*, '*,0#552-055,H"#U*#@080@*BC * Consument **6UU*,>>*#*>62**#@*,@* %*6N**,/*-0>,>/5,U,%*2-U*#@55,@*G5#%0N*238/*#>*250*,H verhuurder/ =*#@88# U5#*, @* G**-0* U,%*2- >*/*-0>@, (-08#-'(* beheerder eigenaar P,,*,-0*@*, *, 25,>- d)#8/,'52*f P*25,>#L%* @88#>5,>-U*>*, d/5,&'(6))*,wbcdcw)hjjfhv5@*+u**@*h*#*2@88#28>w8g-0#**%- Figuur 12 Stakeholders winkelcentrum DpECW U*#@*, >#80* -0*@*2L%* 60P#*@,>*, >*)25,@ *, 60 (eigen bewerking) 8,0U8#)*, *, >*#*52-**#@ d/5, &'(6))*,W BCDCW )H jjfh 155#PL U*#@ >*%8N*, /88# **, 3L,G5N>* U,%*2-0#6'066#G*052-@8*28G8)**,N8%8#0G8>*2L%*53-05,@/5,@*U8,,>/5,@*'8,-6G*,0**,N8 '8G38#05P*2G8>*2L%)5%%*055,/88#N*,,>*,0*P*@*,d:HAH4H/5,=5>*,WBCDDfH\,G@@*2-(*PP*,U* '#'5 pec )25,G50> 8,0U%%*2@* U,%*2'*,0#5, V*@*#25,@[ dr66#-,%w DppKfH 188#@50 /82>*,- @* V*@*#25,@-*U,%*2)25,,,>*@*#*'8,-6G*,08)288)O@5,U*23*0-53-05,@NL,@5>*2L%-*P88@-'(5))*, G8*-0 %6,,*, @8*,W -, 8,- 25,@ **, /**2 3L,G5N>*# @*052(5,@*2--0#6'066# 8,0-055, @5,, (*0 P60*,25,@[d&)**0L*,-<T8-0WBCDBfHR*%*,@*)25,G50>W8)>*N*00**,8,0U%%*2@*U,%*2'*,0#5/5,@* P*>,)*#8@*NL,@*gL,P55,;800*#@5G*,U,%*2'*,0#6G/5,9G-0*2/**,H;8,@DpiCU*#@,9G-0*#@5G R60*,/*2@*#0 (*0 U,%*2'*,0#6G?*2@*#25,@)2*, 8,0U%%*2@ *, U*#@, @*N*23@* )*#8@* 88% (*0 U,%*2'*,0#6G =88> Q50(*#L,* 8,0U%%*2@ d+88#,*,@w BCCiW )H DJifH 1*N* 2550-0* U8#@0 G8G*,0**2 (*#8,0U%%*2@080**,>*(**2,*6UU,%*2'*,0#6Gd;*0*#WBCDJfH "#%&'(#)'*)+,"-%,"#"%&#'()*#+%&))'"#"%#&'&(")*+#&,"#%&'()*'))( 1*08*>*/8*>@*U55#@*/5,37-*%*U,%*2-P*-055060(*055,%6,,*,>55,/5,@#*'0W)*#-88,2L%'8,05'0 G*0 '8,-6G*,0*, 8G '8,-6G*,0*,P,@,> *,,0*#5'0* 080-05,@ 0* 250*, %8G*,W 52-G*@* @* 55,U*N>(*@/5,37-*%*)#8@6'0*,W(*0/*#%#L>*,/5,,55G-P*%*,@(*@*,(*0P*@*,/5,P*2*/,> d=55#*,wbcdjw))hjjojdfhm)u,%*2>*p*@2>0@*08*>*/8*>@*u55#@*/**2g**#,(*0/*#-0*#%*,/5, @*N*37-*%*,@/@6*2*U,%*2-H1*%#5'(0/5,(*037-*%*U,%*2>*P*@-@*G8>*2L%(*@8G@#*'0, '8,05'00*0#*@*,G*0@*'8,-6G*,0*,N8,0*#5'0*0*%#L>*,06--*,@*'8,-6G*,0*,@*U,%*2*# d:82*,55#w BCDCfH ZMG @* -8'52*,0*#5'0* 06--*, '8,-6G*,0*, 8,@*#2,> 0* P*/8#@*#*, %6,,*, 55,>*,5G* /*#P2L3-)2*%%*, U8#@*, >*'#*v*#@h M8% (*0 /*#-'(533*, /5, @7,5G*% *, 8,@*#-'(*@*,@ /*#G8>*, NL, P*25,>#L% /88# (*0 37-*%* U,%*2>*P*@H 17,5G*% %5, >*#*52-**#@ U8#@*, @88# (*0-5G*,-)*2/5,>*P86U*,W)2*,*,W,5066#*,G*,-*,[d&(8)),>BCBCWBCDJW)HEfH=*#@88#/*#-'(630@* 0#*,@ -0**@- G**#,55# #*'#*50*3 U,%*2*,W Z(*0 P*N8*%*, /5, /*#-'(22*,@* U,%*2- G*0 52- @8*2 8,0-)5,,,>*,/*#G55%[dT25038#GjD*052HWBCDJfH=*037-*%*U,%*2%5,552G8*0-0**@-G**#%U520*0*, P*N00*,8G@*'8,-6G*,0080**,P*N8*%0*/*#2*@*,*,@*0#5@08,*2*U,%*2-*,U,%*2'*,0#5G8*0*, "#%#&"'(%")#**'""#+,#-+,#.,/0*/,"1%%'1*./2%"&",2"#*'"#3'"/*,4"'."#1*./2%"&5*#*2"'.& "&

G**P*U*>*,G*0@*P*(8*30*,*,/*#25,>*,-/5,'8,-6G*,0*,8G88%,@*08*%8G-0**,55,0#*%%*2L% U,%*2520*#,50*30*NL,dV*)#8GWBCDBW)HifHS82>*,-90N*G5dS*#G*62*,<h*G5,WBCDCW)HDJif-**, /052*U,%*2-0#6'066#G*0>8*@*P*#*%P55#(*@W)5#%**#>*2*>*,(*@*,>*/8*2/5,/*2>(*@*--*,0**2*, 0*/*,-G8*0*,@*8,@*#,*G*#-,(*0U,%*2>*P*@,,8/50*3NL,*,5'0*3G*0G5#%*0,>*,)#8G80*8G N'(N8U*28,2,*O52-8332,*0*%6,,*,)#832*#*,dV*@*#25,@-*;55@/5,h,%*2'*,0#5WBCDJW)HKfH&0**@- G**#U,%*2-*,U,%*2%*0*,->55,N'(/*#P#*@*,*,8,0U%%*2*,'8,'*)0*,U55#G**#@*#*36,'0*-, 8,@*#>*P#5'(0U8#@*,H=*#PLU8#@088%@*'8GP,50*>*G55%0/5,@*36,'0*-(8#*'5W@*052(5,@*2*, 2*-6#* dt25038#g jd *0 52HW BCDJW )H JpfH =*0 U,%*2>*P*@ 52- >*(**2 G8*0 8,@*#-'(*@*,@ @88# **, 36,'0*Gb /5, 55,P8@ @50 U8#@0 /*#U5'(0 *, @50 /*##5-0 d&(8)),> BCBCW BCDJW )H EfH M8%,*6U*,050*/*,N852-0L@*2L%*U,%*2-d)8)O6)-08#*-fG55#88%*/*,*G*,0*,*,G*0(8#*'5W'62066#W60>55, *,(-08#*dV*)#8GWBCDBW)HifNL,P*25,>#L%*35'08#*,/88#**,36,'0*GbHV55-0(*055,P8@@50U8#@0 /*#U5'(0*,U55#G**@*'8,-6G*,0U8#@0/*##5-0W%6,,*,88%U8,,>*,*,@*,-0/*#2*,,>WN852-'62066# *, -8'552O G*@-'(* /88#N*,,>*,W (*0 8,@*#-'(*@*,@ /*#G8>*, /5, (*0 U,%*2>*P*@ /*#-0*#%*, /5,U*>*(*0G62036,'08,*2*%5#5%0*#U50@55#G**080-05,@%8G0dV*@*#25,@-*;55@/5,h,%*2'*,0#5W BCDJW )H KfH M,@*#N8*%,55# /88#N*,,>*,, U,%*2'*,0#5 @* @* P*N8*%3#*k6*,0* *, /*#P2L3-@66# /*#>#80*,(**3055,>*088,@@50@*,/28*@/5,@*/88#N*,,>*,,(*08,@*#P*U6-0*/5,@*'8,-6G*,0 )2550-/,@0d9H:H@*S#*-WDp]pW)HDjfH1*S#*->**3088%55,@50P*)552@*/88#N*,,>*,WN852-082*00*,W N0>*2*>*,(*@*, *, @#55@288-,0*#,*0 55,U*N> G8*0*, NL,, P*25,>#L%* U,%*2>*P*@*,H 9,@*#* /88#P**2@*,/5,G8>*2L%*/88#N*,,>*,NL,**,%,@*#-)**2>*2*>*,(*@W8)255@)6,0*,/88#*2*%0#-'(* 5608[-W8)255@)6,0*,/88#G8P*2*0*2*388,-W%26-L*-W-020*#6G0*W#82-08*2O*,P6>>7O602**,*,**,P5P7 /*#-'(88,#6G0*d9H:H@*S#*-WDp]pW)HDjfH188#(*0P*@*,/5,PLN8,@*#*/88#N*,,>*,*,-*#/'*-*, %5,8,@*#-'(*@*,@/*#G8>*,,PL/88#P**2@**,2**-(8*%W53(552O*,)5-(8*%/88#8,2,*55,>*%8'(0* )#8@6'0*,W*0'*0*#5dV*@*#25,@-*;55@/5,h,%*2'*,0#5WBCDJW)HKf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eranderende retailmarkt 2.2.1 Nieuwe winkelplanning 1* /5-0>8*@G5,5>*# %5,W 52- /*#0*>*,U88#@>*,@* )5#0L /5, @* /5-0>8*@*>*,55#W @* -5G*,U*#%,> 55,>55,G*0@*#*052*#-/5,(*0U,%*2'*,0#6GHMG(*0P*(**#/5,(*0U,%*2'*,0#6G*'(0*#080**, -6''*-0*G5%*,-(*0/5,P*25,>@50@*/5-0>8*@G5,5>*#,N'(0%#L>0,@*0#*,@-/5,@*/*#-'(6/*,@* P*(8*30*,/5,#*052*#-*,'8,-6G*,0*,WU*2%**2%55#P*Y,/28*@*,dS*#G*62*,<h*G5,WBCDCW)HDEpfH \]6@B\]EM8\^@@B\]EFYBJ ;*'*,0*2L% (**30 \V? R5,% d\v? R5,% VSW BCDJf **, 8,@*#N8*% >*@55,,55# (*0 V*@*#25,@-* U,%*225,@-'(5)H\,@08,@*#N8*%-,55#/8#*,>*%8G*,@50(*0V*@*#25,@-*U,%*225,@-'(5)55,**, 32,%*/*#5,@*#,>8,@*#(*/>-*,@50@88#@*P*)*#%0**'8,8G-'(*>#8*W@*8)%8G-0/5,*O'8GG*#'* *,@*08*,*G*,@*/*#>#LN,>@*%288306--*,%5,-#L%**,%5,-5#G*U,%*2>*P*@*,,V*@*#25,@522**, G55#/*#>#880HZ=*008052*U,%*2/28*#8))*#/25%dU/8fP*@#55>0#6GjDG2L8*,/*#%5,0*G*0*#HRL,5JCc @55#/5,P*/,@0N'(,@*;5,@-05@H?*G@@*2@-*##6GDH]EC/*#%5,0*G*0*#dGBfU/8)*#DHCCC,U8,*#-H\,@*;5,@-05@NL,#*250*3G,@*#U,%*2G*0*#-dDHKECGBf@5,,_**25,@dBHJECGBf831#*,0(* dbhjccgbf*,88%(*055,052/*#%88))6,0*,2>0,55#/*#(86@,>25>*#hm,@*#5,@*#*@88#@50#6g0* -'(55#-*#-*,@*(66#)#LN*,(8>*#2>>*,-,@*;5,@-05@@*,88@N55%8GU,%*2G*0*#-N8*33'v,0 G8>*2L%,0*@*2*,>#80*#H[=*08,@*#N8*%255088%N*,@50WG*@*@88#@*08*,5G*/5,(*0U,%*255,P8@W 25>*#*'8,-6G*,0*,P*-0*@,>*,*,@*G8O>#53-'(*0#*,@-52-/*#>#LN,>*,%#G)W@*2**>-05,@8)25,@*2L%,/*5608*,**G0H;*>8,552>*N*,NL,@*/*#-'(22*,>#880*,-0550PL/88#P**2@,>*P*@*,52-M8-0O?#8,,>*,*,_6@U*-0OM/*#L--*2PL,5DJc/5,@*U,%*2#6G0*-2**>0*#UL2@*N*2**>-05,@,PL/88#P**2@.0#*'(0W9G-0*#@5G*,92G*#*W830*U*2@*;5,@-05@8)8,>*/**#E5Kc2>0H:*@*(*#@88#>**30(*0 "#%#&"'(%")#**'""#+,#-+,#.,/0*/,"1%%'1*./2%"&",2"#*'"#3'"/*,4"'."#1*./2%"&5*#*2"'.& "&

8,@*#N8*%55,@50@*,88@N55%080(*#-0#6'06#*#,>/5,U,%*2>*P*@*,-0*#%/*#-'(20/5,>*P*@080 >*P*@U55#>*G**,0*,88%#*%*,,>G**G8*0*,(86@*,H Z6B\]6\]6IB8@7B6^I M8% 2550 @* /*#5,@*#*,@* #*052G5#%0 N*, @50 8,2,* 8GN*0P*-0*@,>*,, (*0 52>*G**, 53,*G*,@* 8GN*00*,080>*/82>(**308)@*37-*%*U,%*228'50*W*'(0*#/*#-'(20@0U*2)*#P#5,'(**,28'50*H_8 N622*,ZP#6,O*,U0>8*@WG*@5*,G8@*/*#@*#8,@*#@#6%%8G*,0*-055,@88#G620O'(5,,*2d8,2,*f U,%*2*,H1*N*P#5,'(*-)#*-0*#*,,652>8*@8),0*#,*0*,N622*,,@*08*%8G-0G8*0*,5,0')*#*,8) G**# 8,2,* P*-0*@,>*,[ d_l2g5,-w BCDCW ))H ]io]pfh S82>*,- _L2G5,- NL, Z>*/8*2>* P#5,'(*- /88#,5G*2L%55,U*N>,P,,*,-0*@*,W-05@-@**2'*,0#5*,%*#,/*#N8#>*,@*'*,0#5*,@*N*U,%*228'50*- N622*,,@*08*%8G-0@*>*/82>*,G*#%*,/5,8,2,*U,%*2*,[d_L2G5,-WBCDCW))H]iO]pfH150(**30080 >*/82>@50@*%5,-8)ULN>,>*,,@*P*-055,@*U,%*2-0#6'066#08*,**G0*,@55#8GU8#@0*#>*)2*0 /88#(*0(*#-0#6'06#*#*,/5,G*0*#-WU55#,*0(*060P#*@*,G55#(*0N8#>*,/88#/*#,*6U,>'*,0#552-0550 d?6'(0w BCC]W ))H KO]fH 1* >*P86U@* 8G>*/,> N52 /0520*0 G8*0*,,5-0#*/*, @88# N'( 0* (*#8#v,0*#*,*,55,0*)5--*,55,@*U*,-*,/5,@*d08*%8G-0>*f>*,*#50*N8@50@*N*@**'8,8G-'(* )80*,0*- U**0 0* P*,600*, *, U,%*2-0#6'066#, **, #*>8 83-05@ /0552 - dv*@*#25,@-* ;55@ /5, h,%*2'*,0#5wbcdjw)hdkfhm8%(**30@0*33*'0*,8)@*(66#8/*#**,%8g-0*,*,@*(66#/*#>8*@,>*,h_8 8,0-0550*#PL/88#P**2@,(*0P60*,25,@52-0**@-G**#8GN*0(66#U*2%*>*2L%-55,>*G@@*2@K080ic /5,@*8GN*0@***,#*052*#@#550W0*#UL2@0,V*@*#25,@,8>U*,>/88#%8G0H "#"%&'( S5,53 @* L5#*, [pc -)**20 %U520*0-/*#(8>,> **, -0**@- P*25,>#L%*#* #82W G*0,5G*, @* '8,'6##*,0*-0#L@8G@*'8,-6G*,0*,HM8%8,0-08,@@*0#*,@/5,(*05-)*'0ZP*2*/,>[,U,%*2'*,0#5*, U,%*2-0#50*,WU55#PL(8#*'5*,2*-6#*,*0G8>*,8,0P#*%*,*,@*-0**@-P*25,>#L%*#U8#@0,@* )25,,,>*,8,0U%%*2,>/5,U,%*2>*P*@*,d90N*G5*052HWBCDBfH:*0%#5'(0/5,37-*%*U,%*2'*,0#5*, /*#P2L3-@66#*,P*N8*%3#*k6*,0*U8#@088%-0**@-/5%*#@*P*2*/,>/5,**,U,%*2'*,0#6G55,>*(552@ 52-P*25,>#L%*35'08#Hh,%*2'*,0#5N622*,>*0#5,-38#G**#@G8*0*,U8#@*,080-0*#%*/*#P2L3-)2*%%*,WU55# @*'8,-6G*,0N'(0(6-*,/*2>/8*20WU55#U500*P*2*/*,/520*,U55#(L83NL>#55>0*#6>%8G0dT82G5,W BCDjW )H BfH R*2*/,> U8#@0 /82>*,- S*#G**# dbcdbw )H ibf /*#-055, Z, @#* 8,@*#@*2*,W 0* U*0*, *G808,*2*OW -8'52*O *, 36,'08,*2* P*2*/,>-U55#@*H M,@*# @* *G808,*2* P*2*/,>-U55#@* U8#@0 /*#-055,@*G5>,5#*P*2*/,>-U55#@*d>*-0G62**#@/8*2*,W/*##5-0*,>*v,0(86-5-G**#@fW#508,*2* P*2*/,>-U55#@*dN*%*#(*@*,>*G5%f*,533*'0*/*P*2*/,>-U55#@*d>*/8*2/5,**,)2*%fHM,@*#-8'52* P*2*/,>-U55#@* P*(88#0 @#*'0*O *,,@#*'0* -8'52*,0*#5'0*H ", 080-280 U8#@0 @* 36,'08,*2* P*2*/,>-U55#@*W>*N*,52-**,#5,@/88#U55#@*/88#U,%*2>*P*@*,*,(**30P*0#*%%,>8)**,Z-'(88,W /*2>*,(**2[U,%*2>*P*@[dS*#G**#WBCDBW)HiBfH"*,(8>*P*2*/,>-U55#@*/5,**,U,%*2>*P*@%5, U8#@*,P*#*%0@88#(*08)@*L6-0*ULN*08*)5--*,8360U*#%*,/5,P*2*/,>-5-)*'0*,dS*#G**#WBCDBW )HiJfH1*P*2*>>*#%5,8)0G52*P*2*/,>*,**,>*/8*2/5,U55#@*#,>P*@*,U5,,**#(LNL,@8*2>#8*) %*,0*,P*)552@**2*G*,0*,(*#8)%5,53-0*GG*,dT82G5,WBCDjW)HBfH=*#P,,*,U8#@0>*%*%*,,55#F Q8,-6G*,0*,'8,-6G*,0*,P*2*/,>8)2*/*#,>*,*,@*,-0*,n T#8G80*/88#5'0/0*0*,*,G5#%*0,>n R*25,>*,/*#(66#@*#W(66#@*#*,/5-0>8*@G5,5>*# T#L-*,G*0,5G*%U520*0/5,>*2*/*#@*@*,-0*,*,@*N*NL,**,P*)52*,@*35'08#(*#, 2.2.2 Digitalisering & technologie ]8U8IB@8E68\U M,0U%%*2,>*,, 0*'(,828>* *, \Q+ /82>*, *2%55#, (88> 0*G) 8)H 1* G8>*2L%(*@*, /5, @*N* 8,0U%%*2,>*,@#,>*,-0**@-/*#@*#@88#,@*d-8'52*f-5G*,2*/,>*,(*0P*@#L3-2*/*,H155#,55-0- @88#@*-0**@-/*#@*#>55,@*8,0U%%*2,>*,0*'(,828>*88%@*37-*%*U*#*2@**,BJO66#-*'8,8G* >*U8#@*,*,-0550,0*#,*0@55#,'*,0#552U55#@88#0L@W53-05,@*,28'50*>**,#82G**#-)*2*,dS5, &8*-0WBCDJfHZ?*P#6%*#-/5,,0*#,*0%6,,*,8)*2%>*U*,-0G8G*,0,38#G50*N8*%*,W%*,,-@*2*,W )#8@6'0*,%8)*,*,/*#%8)*,W-8'52*'8,05'0*,55,>55,*,N'(/*#G5%*,dS5,&8*-0WBCDJfH "#%#&"'(%")#**'""#+,#-+,#.,/0*/,"1%%'1*./2%"&",2"#*'"#3'"/*,4"'."#1*./2%"&5*#*2"'.& "&

IFY\_@_U8 +*'(,828>* -,*0 G**# U*> 0* @*,%*, 60 8,- @5>*2L%-* 2*/*,H S82>*,- =55#*, dbcdjw )H BEf %5, 0*'(,828>*U8#@*,,>*N*0Z0*,*,@*(*0/*#-0#*%%*,/5,,38#G50*W(*0P*@*,/5,P*2*/,>*,>*G5% d3#8,0833'*f*,,(*02*#*,%*,,*,/5,@*'8,-6g*,0u55#@88#)*#-88,2l%*55,p*@,>*,*,,38#g50* /*#-0#*%0 %6,,*, U8#@*, dp5'% 833'*f[H Z=*0 55,2*>>*, /5, **, P5'%833'* -7-0**G G*0 '8,-6G*,0*,>*>*/*,- P*@0 #*2*/5,0* @505-0#8G*, U55#G** (*0 G8>*2L% - 8G 08*%8G-0> '8,-6G*,0*,>*@#5>0*/88#-)*22*,*,P*Y,/28*@*,H1*N*@505-0#8G*,%6,,*,N8U*28))*#-88,2L%O52- >*,*#*%,/*56U8#@*,>*5,527-**#@8G@*P*(8*30*-/5,-)*'3*%*d>#8*)*,f'8,-6G*,0*,0*/*#052*,,55#>*#'(0*,38#G50*WG5#%*0,>*,@*,-0/*#2*,,>dT25038#GjD*052HWBCDJW)HJKfH[ 2.2.3 Consumentengedrag =*0U,%*2>*@#5>'8,-6G*,0*,U8#@0,@*G5#%0>*5,527-**#@8)P5--/5,@*Z'6-08G*#L86#,*7[W@*#*- 8)U*>,55#**,55,%88)W>*P#6%G5%*,/5,G**#@*#*%5,52*,HS82>*,-_L2G5,-dBCDCW)HJjfP*0*%*,0@0 @50@*Z37-*%*U,%*228'50*W(*08332,*%5,552W,/**2>*/522*,-2*'(0-0L@*,-**,83*,%*2*-05))*,,@* '6-08G*#L86#,*7,P**2@-/88#@*'8,-6G*,0HM3@*'8,-6G*,052@5,,*0%*-0/88#(*037-*%* U,%*2%5,552-G*@*53(5,%*2L%/5,@*55,0#*%%,>-%#5'(0WP*#*%P55#(*@*,55,U*N>*P#5,'(*-[H\,@0 8,@*#N8*%U8#@0-2*'(0-**,%2*,@**2/5,(*0'8,-6G*,0*,>*@#5>08*>*2'(0W8G@50@0#*2*/5,0-/88# 08*%8G-0>*U,%*2)25,,,>*,@*P*2*/,>*,55,0#*%%,>-%#5'(0/5,@*37-*%*U,%*2'*,0#5H YIF_\E[7\I\U]6BU S82>*,-h*P*#dh*P*#WBCCKW)Hjif(**30Z'8,-6G*,0*,>*@#5>P*0#*%%,>8)522*G*,-*2L%*(5,@*2,>*, @*0*G5%*,(*PP*,G*0(*0/*#U*#/*,W>*P#6%*,*,53@5,%*,/5,>8*@*#*,*,@*,-0*,0*#P*/#*@>,> /5,(6,P*(8*30*,H1*N*>8*@*#*,*,@*,-0*,d(*#,5F)#8@6'0*,f%6,,*,/88#**,G52>>*P#6%83/88# **,25,>*#*)*#8@*U8#@*,55,>*-'(530H[S82>*,-1*S#*-d9H:H@*S#*-WDp]pW))HBBDOBJjfNL,Z@* 35'08#*,@*(*0'8,-6G*,0*,>*@#5>P*Y,/28*@*,**,U--*2U*#%,>06--*,)-7'(828>*d@*'8,-6G*,052-,@/@6fW -8'828>* d'8,-6g*,0 52-2@ /5, **, >#8*)XG550-'(5))Lf *, *'8,8G* d(*0-0#*/*,,55# G5bG552,60fH[ J6_FEZB\F_\E[7\I\U]6BU =*#60 %5, U8#@*, 53>*2*@ @50 '8,-6G*,0*,>*@#5> 8,@*#/*#@**2@%5,U8#@*,,(*0P*-260/8#G,>-)#8'*-*, (*0%88))#8'*-HS82>*,-S5,&8*-0dS5,&8*-0WBCDJf(**30 (*0ZP*-260/8#G,>-)#8'*-P*0#*%%,>8)@*P*-2--,>*,@* U8#@*,>*,8G*,*,60*,@*2L%%6,,*,2*@*,080(*052 @5,,*055,%8)*,/5,**,)#8@6'0H?*@6#*,@*@0)#8'*- U8#@0,38#G50* >*N8'(0 *, U8#@*, @* 520*#,50*/*, >*v/526**#@h1*g50*/5,p*0#8%%*,(*@/5,@*'8,-6g*,0 P*)552@@*60>*P#*@(*@/5,(*0)#8'*-[dS5,&8*-0WBCDJfH =*0%88))#8'*-(**30P*0#*%%,>8)Z(*0(5,@*2*,/5,@* '8,-6G*,08)@*)2550-/5,@*55,%88)838)U*>@55#,55# Figuur 13 Consumentengedrag en koopgedrag (Van Soest, 2014) 08*[dh*P*#WBCCKW)HjifHZR*@*)#8'*--*,/8#G*,-5G*,@*'6-08G*#L86#,*7n1*#*-@*'8,-6G*,0*, 532*>>*,8)U*>,55#**,55,%88)[d\,;*052WQRh:0*bW<=883@P*@#L3-'(5)1*052(5,@*2WBCDBW)HBfH Z188#@*N*,*6*U*)#8'*--*,-(*0,88@N5%*2L%>*U8#@*,8G@*/*#-'(22*,@*%5,52*,8)*2%55#530* -0*GG*,H"*,,*6U*W8)%8G*,@*-0#50*>*@*@0,@*)#5%0L%G8>*2L%G55%08G%5,52*,8)*2%55#530* -0*GG*,U8#@08G,'(5,,*2#*052,>>*,8*G@HZ188#8G,'(5,,*2#*052,>%5,**,'8,-6G*,0U8#@*, P*#*%0/5G**#@*#*%5,52*,H1*%5,52*,-260*,,55@288-8)*2%55#55,WU55#PL@*P*(8*30*d,f/5,@* '8,-6G*,08,>*G*#%08)*@*#G8G*,0U8#@*,,>*/62@H1*%5,52*,/*#-0*#%*,*2%55#*,@*P*2*/,>/5, (*0G*#%W)#L-*,5--8#0G*,0-6,38#GW8,>*5'(0(*0%5,552[dS5,&8*-0WBCDJfH:*0P*0#*%%,>080@* %*6N*/88#8332,*O838,2,*U,%*2*,NL,*#@#*'50*>8#**,/5,,/28*@8)(*0>*@#5>/5,'8,-6G*,0*,W 0*U*0*,P*2*/,>X*#/5#,>W/*#0#86U*,*,>*G5%HS88#52-,8>>**30@*'8,-6G*,0/88#P*2*/,>X*#/5#,> *,/*#0#86U*,@*/88#%*6#55,(*08332,*U,%*2%5,552H=*08,2,*U,%*2%5,552-'88#0@55#,55-0(88>8) >*G5%W*,88%,08*,*G*,@*G50*8)/*#0#86U*,H "#%#&"'(%")#**'""#+,#-+,#.,/0*/,"1%%'1*./2%"&",2"#*'"#3'"/*,4"'."#1*./2%"&5*#*2"'.& "&

2.3 Typen winkelcentra =*0U,%*2'*,0#6GP*0#*30@*'26-0*#,>/5,U,%*2-*,-W83G55%08,@*#@**260W/5,**,U,%*228'50*H1* U,%*2'*,0#5%6,L*,@*2*,,/*#-'(22*,@*07)*,H1*N*8,@*#/*#@*2,>N*0*#/82>*,-g8'506-dBCCif52- /82>060*,U8#@0,@*/82>*,@*)5#5>#53*,/*#@*#60**,>*N*0F O P,,*,-0*@*, O (883@U,%*2>*P*@*, O %*#,/*#N8#>*,@*'*,0#5 O -05@-@**2'*,0#5 O P,,*,-0*@*2L%*U,%*2-0#550 O UL%'*,0#5 O P66#0'*,0#5 O >#880-'(52>*'8,'*,0#50*- O 8/*#>*U,%*228'50*-H 155#,55-0 (*PP*, @*N* /*#-'(22*,@* 07)*, U,%*2'*,0#5 88%,/28*@ 8) @* -*#/'*%8-0*,H \GG*#-W (883@U,%*2>*P*@*, *, >#88-'(52>* '8,'*,0#50*-W N622*, 5,@*#* *-*, -0*22*, 55, @* 2*/*#,>*, *, @*,-0*,@5,@*UL%O*,P66#0'*,0#5H\,PL25>*DNL,@*N*/*#@*#08*>*2'(0H 2.3.1 Typologie naar ligging, vorm en aanbod S82>*,-"/*#-dS*#G*62*,<h*G5,W BCDCW )H DJ]f /*#/620 *2% U,%*2'*,0#6G NL, *>*, 36,'0* *, 8,02**,0 (*0 NL, P*055, 55, **, 83 G**#@*#P*N8*%G80*/*,H"*,P*%*,@ Verspreide Overig Run Fun 8,@*#-'(*@ /5, P*N8*%G80*/*, - Ondersteunend Doel Z#6,[d*/*,-,*2**,P88@-'(5)@8*,fW Z36,[ d#*'#*5'0*3 U,%*2*,f *, Z@8*2[ Centraal Leegstand d>*#'(0 55,%8)*, @8*,fH \, P8/*,-055,@* 3>66# NL, @*N* 0% 20% 40% 60% 80% 100% P*N8*%G80*/*, >*%8))*2@ 55, @* Figuur 14 Functie en bezoekmotieven type winkelcentrum (Evers, 2010) U,%*2'8,'*,0#50*-dS*#G*62*,<h*G5,WBCDCW)HDJ]fH =*0->8*@8G0*#*52-*#*,/5,U*2%07)*U,%*2'*,0#6G(*00*P*(*#*,/5-0>8*@**,8,@*#@**260G55%0H 10P*)5520(*007)*'8,-6G*,0@50%8G0U,%*2*,W(*007)*8,@*#,*G*#@50N'(U2/*-0>*,*,88%(*0 (66#,/*56 *, @55#PL(8#*,@* %8-0*, /88# 2*/*#,>*, *, @*,-0*,H V55-0 @* **#@*#* 07)*#,> /5, U,%*2'*,0#5/82>*,-g8'506-WU8#@*,U,%*2'*,0#588%/*#>*2*%*,8)P5--/5,-05,@)2550-%U520*0*, ds*#g*62*, < h*g5,w BCDCW )H DJ]fH S82>*,- R820 ds*#g*62*, < h*g5,w BCDCW )H DJ]f - **, /**2>*P#6%0*,@*2,>/5,-05,@)2550-%U520*0*,@*/82>*,@*F 9D-05,@%U520*0F 1*U,%*2-0#50*,d83>*@**20*,@55#/5,f@*P,,*,**,'*,0#6G@*(88>0*P*N8*%*#-55,0522*,W 60>*@#6%0,**,,@*b28)*,@/5,DCCd-@#6%-0*)6,0W>*G*0*,8/*#@*/822*P#**@0*/5,@* -0#550W080iEP*(52*,n R*(88#0080/8*0>5,>*#-@8G*,n :8@*O*,U5#*,(6N*,NL,#6G-'(880-/*#0*>*,U88#@>@H 9B-05,@%U520*0F g8'50*- G*0 **, @#6%0*,@*b /5, /5, ie 080 EC 0*, 8)N'(0* /5, (*0 @#6%-0* )6,0, (*0 U,%*2>*P*@n :8@*P#5,'(*-#6G/*#0*>*,U88#@>@n g5,@*2l%**,#*>8,5528)*#*#*,@*p*@#l/*,nl,#6g/*#0*>*,u88#@>@h RD-05,@%U520*0 g8'50*-g*0@#6%0*,@*b/5,ec080be0*,8)n'(0*/5,(*0@#6%-0*)6,0,(*0u,%*2>*p*@n S55% 88% 5,@*#* /88#N*,,>*, N852- (8#*'5W @*,-0/*#2*,,> *, P52* 36,'0*- d#*-p6#*56-w 60N*,@P6#*56-W*,@*#>*2L%*fH "#%#&"'(%")#**'""#+,#-+,#.,/0*/,"1%%'1*./2%"&",2"#*'"#3'"/*,4"'."#1*./2%"&5*#*2"'.& "&

RB-05,@%U520*0 g8'50*-g*0@#6%0*,@*b/5,be080dc0*,8)n'(0*/5,(*0@#6%-0*)6,0,(*0u,%*2>*p*@h Q-05,@%U520*0 g8'50*-g*0@#6%0*,@*b/5,dc080e0*,8)n'(0*/5,(*0@#6%-0*)6,0,(*0u,%*2>*p*@n _L,/55%55,288)X55,#L-0#50*,G*0**,(8>*36,'0*G*,>,>H "#-**,-0*#%*#*250*06--*,(*007)*U,%*2'*,0#6GU55#**,U,%*2)5,@->*2*>*,W@*-05,@%U520*0/5, @* 28'50* P,,*, (*0 U,%*2'*,0#6G @* (6-/*-0,>-25-0*, d(66# *, -*#/'*%8-0*,f /5, **, )5,@ ds*#g*62*,<h*g5,wbcdcw)hdjpfh 2.4 Toepassen van de Winkelcentrum Kwaliteitsmonitor 1* U,%*2'*,0#6G %U520*0-G8,08# - **, 0882 @* 8,0U%%*2@ - @88# QR;" dqr;"w BCDJPf 8G @* U,%*2'*,0#5, V*@*#25,@ 0* %6,,*, G*0*, 8) %U520*0W -*#/'*- *, @*,-0*,H 188# G@@*2 /5, @* U,%*2'*,0#6G%U520*0-G8,08#%6,,*,U,%*2'*,0#5,V*@*#25,@U8#@*,/*#>*2*%*,G*0*2%55#HM) P5-- /5, /*#-'(22*,@* 8,@*#@*2*, *, 07)828>*v, /5, U,%*2'*,0#5 - **, -*2*'0* /5, U,%*2'*,0#5 >*G55%0*,@*N*NL,0*/*,-P*88#@**2@8)(6,%U520*0*,H1*'*,0#5U8#@*,/88#,5G*2L%>*G*0*,8) P5--/5,%U520*0W55,/622*,@*-*#/'*-*,'8,-6G*,0*,P*2*/,>H=*#,U8#@0@*%U520*0/5,@*'*,0#5 >*G*0*,55,@*(5,@/5,KE/5#5P*2*,*,@*NL,-5G*,>*/50,@#*%*#,%U520*0*,W0*U*0*,P5--W -*#/'**,P*2*/,>dQR;"WBCDJPfF XBE8E& ZR5--%U520*0->*#'(08)@*ZP86U-0*,*,[/5,**,U,%*2'*,0#6GWN8U*2P,,*,(*0U,%*2'*,0#6G 52-,@*@#*'0*8G>*/,>/5,(*0'*,0#6GH1*P*>#))*,-'(88,*,(**2-)*2*,(*#PL**,P*25,>#L%* #82[H E6Z8F& Z&*#/'*%U520*0U8#@0P*)552@@88#@*P*88#@*2,>/5,08*/8*>,>*,55,@*P5--%U520*0*,@*(*0 /*#P2L3,(*0U,%*2'*,0#6G/*#55,>*,5G*,H=*0>550(*#PL8GG50*#v2*N5%*,*,@*,-0*,,*,8G (*0U,%*2'*,0#6GWU55#G**(*0N'(8)**,)8-0*/*G5,*#%5,8,@*#-'(*@*,[H X@Z8\U& Z1*P*2*/,>-U55#@*U8#@0>*'#*v*#@@88#*2*G*,0*,*,>*P*6#0*,--*,@*@*'8,-6G*,08)**, )*#-88,2L%* G5,*# 55,-)#*%*,H m*,g*#%*,@ - @* @7,5G*% /5, @* P*2*/*,--*,W N* @*,*, @88#28)*,@Z>*#*>--**#@[0*U8#@*,[H 1* %U520*0-G8,08# - 080-05,@ >*%8G*, 8) P5-- /5, 20*#5066#8,@*#N8*%W )#5%0L%*#/5#,> *, **, @*-%6,@>*,)5,*2H=*#,(**30*/*,**,-g8'506-**,P*25,>#L%*PL@#5>*,>*2*/*#@Kg8'506-/*#N5G*20 N*23,38#G50* 8/*# 522* U,%*2- *, '8,-6G*,0>*#'(0*W @*,-0/*#2*,*,@* P*@#L/*,H 1* /*2@U*#%*#- P*N8*%*, *, 8,@*#N8*%*, L55#2L%- 522* U,%*2>*P*@*,, @* R*,*26bH 1* /*#N5G*2@* >*>*/*,-W N852- du,%*2f,55gw U,%*2/*#%88)/28*#8))*#/25% *, P#5,'(* U8#@*, >*#*>-0#**#@, @* @505P5-*H 1*N*,38#G50*U8#@0/*#N5G*2@*,08*>5,%*2L%>*G55%0/88#%25,0*,dg8'506-WBCCifH1*,38#G50*@*(*#PL /#L%8G0-P*25,>#L%/88#(*08,@*#N8*%*,2*/*#0(*#/88#>8*@*,)60H 1* U,%*2'*,0#6G %U520*0-G8,08# U8#@0 #**@- 08*>*)5-0, U,%*2'*,0#5H "'(0*# - @*N* )#G5# 8,0U%%*2@/88#(*0G*0*,/5,%U520*0*,/5,U,%*2'*,0#58,@*#2,>*,%5,@*N*U*2@*55,0#*%%*2L%(*@ *,08*>*/8*>@*U55#@*/5,**,'*,0#6GG*0*,H&*'6,@5#(5,>*,@55#@6-@*2*/*#,>*,*,@*,-0*,55, /5-0N852--'(88,G55%WP*/*2>,>W*,@*#>*2L%*H1*U,%*2'*,0#6G%U520*0-G8,08#%5,@55#8GG8>*2L%W G*0**,55,05255,)5--,>*,W,>*N*0U8#@*,8G@*%U520*055,@*(5,@/5,mT\[-/5,@*>*2*/*#@* -*#/'*-*,@*,-0*,0*G*0*,*,0*/*#>*2L%*,H102550-0*>*2@0@5,G*0,5G*,(*0G*0*,/5,@* >*2*/*#@*%U520*0*,,#*250*080@*)#L-%U520*0/*#(86@,>H155#G**%5,@*N*52-%U520*0-G*0*# PL@#5>*,55,**,8)28--,>/88#(*08),*6U,#'(0*,/5,(*0-*#/'*%8-0*,)#8'*-H ^+*4,/",/ M,N*U*-0*#-*-5G*,2*/,>-**,P*2*/,>-*'8,8G*H=*0/88#P**2@@50@*P*@*,%*#-WT,*<?2G8#*, ds*#g*62*,<h*g5,wbcdcw)hjpcfw/5,@0p*>#)55,(552@*,-(*0/88#p**2@/5,**,**,%8)l*%833* @50 8) **, 0*##5-, S*,*0* /**2 G**# 8)P#*,>0 @5,, **, #*-056#5,0 **, )55# -0#50*, /*#@*# 8)H +*'(,-'(*)#*-050*-/5,)#8@6'0*,NL,@6-,*0520L@*/*,P*25,>#L%52-P*2*/,>,@*P*88#@*2,>/5, "#%#&"'(%")#**'""#+,#-+,#.,/0*/,"1%%'1*./2%"&",2"#*'"#3'"/*,4"'."#1*./2%"&5*#*2"'.& &

**,)#8@6'0H&0506-W,0*#5'0**,>*2*/*#@*-*#/'*--)*2*,**,P*25,>#L%*#82*,-/5,>#80*,/28*@8) U50G*,8,@*#%U520*0/*#-0550H=*0-@55#G****,-6PL*'0*/*#P*>#)>*U8#@*,@5,/#8*>*#H"*,@*,-0 -,*0520L@05-0P55#*,@*P*88#@*2,>/5,%U520*0>*P*6#0,*0522**,G55#55,@*(5,@/5,-)*'3'50*- /82>*,- +*00*#88, ds*#g*62*, < h*g5,w BCDCW )H jpcfh 1* @*3,0* /5, %U520*0 /82>*,- \&M]JCB,8#G*#,>-FZ(*0>*(**2/5,*>*,-'(5))*,*,%*,G*#%*,/5,**,)#8@6'083@*,-0@50/5,P*25,>-/88# (*0/82@8*,55,/5-0>*-0*2@*83/5,N*23-)#*%*,@*P*(8*30*,[dS*#G*62*,<h*G5,WBCDCW)HjpCfH 155#PL-)**20(*0P*>#)%U520*0PLU,%*2'*,0#5**,,8>/**2>#80*#*#82@5,PL5,@*#*07)*,/5-0>8*@ N852- U8,,>*, 83 %5,08#*,H h,%*2'*,0#5 NL,,8> /**2 >*/8*2>*# 8G0#*,0 (*0 5-)*'0 %U520*0W @55# U,%*2'*,0#5/5,/**2,/28*@*,53(5,%2L%NL,H1*%*#,%U520*0*,/5,**,U,%*2'*,0#6G,@*/8#G/5, -'(88,W(**2W/*2>*,>*N*22>NL,@55#PL/5,P*25,>*,8)@*N*5-)*'0*,G8*0@*%U520*0(88>NL,HM8% G8*0 *# **, %U52050*3 (88>U55#@>* 60-0#52,> NL, G*0 >8*@* U,%*2-8G (*0 **, 55,0#*%%*2L% U,%*2>*P*@ 0* 250*, NL, @* 88% /**2 '8,-6G*,0*, 0#*%0H mu520*0 - @6- **,,0*>#552 G5,5>*G*,0/#55>-06% >*U8#@*, /88# @* /5-0>8*@G5,5>*# 8G@50 @* )#*-050* 8) 522* 8,@*#@*2*, P*)52*,@ - /88# @* *#/5#,> /5, @* %25,0 d2**-f (66#@*# *, /*#(66#@*#fH =*0 60*,@*2L%* @8*2-0*/#*@*,(*@/5,@*%25,0*,'8,-6G*,0,(*0U,%*2'*,0#6GH\,@508)N'(0NL,U,%*2'*,0#5@6-/**2 G**#@5,/5-0>8*@W*,2L%0(*0**#@*#8)**,8,@*#,*G,>W@*@#55*,@*>*(86@*,G8*0U8#@*,HM8% @55#PL-0#**30G*,,55#(8>*%U520*0W*33'*,0**,**,55,P8@@*55,-2608)@*U*,-*,/5,@*G5#%0 d'8,-6g*,0fhs5-0>8*@g5,5>*g*,0/5,u,%*2'*,0#5-@*,-0/*#2*,*,@,55#@*p*2*>>*#x/*#(66#@*#*,@* (66#@*#H:55#88%,55#@*'8,-6G*,0-@*/5-0>8*@G5,5>*#@*,-0/*#2*,*,@W55,>*N*,(L*#/88#G8*0 N8#>*,@50(*0U,%*2'*,0#6G/*2>-W>*8)*,@-G55#PL/88#P**2@88%-'(88,-HM)(*0-06#*,/5, %U520*0 U8#@0 88% U*2(*0%U520*0-G8@*2/5, T#5-6#5G5,*H5H Dp]], ds*#g*62*, < h*g5,w BCDCW)H jpdfh10g8@*2-(*#,55-0u**#>*>*/*,hv55#fds*#g*62*,<h*g5,wbcdcw)hjpdf "2%)#8@6'0*,*2%)#8L*'0-5,@*#-WG55#08'(%8G*,/**2N5%*,U*28/*#**,HMG(*#,**,(*@55,0* P#*,>*,*,/*#-'(22*,55,0*P#*,>*,%5,**,P*,5@*#,>/5,)#8@6'0OG5#%0'8GP,50*-U8#@*,8)>*N*0H 9-)*'0*,52->*P#6%*#->#8*)*,dG5#%0-*>G*,0*,fW 28'50* *>*,-'(5))*,W >*P86U*>*,-'(5))*,W,0*#5'0* G*0 >*P#6%*#-, >*P86U 83 8G>*/,>W G5,5>*G*,0 /5, >*P86U *, 8G>*/,> *, @* -*#/'*- *, @*,-0*, NL, (*#, P*25,>#L%* '50*>8#***,dS*#G*62*,<h*G5,WBCDCW)HjpBfH \,(883@-06%E/5,@08,@*#N8*%-@55#/*#@*#8),>*>55, *, NL, mt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iguur 15 Kwaliteitsmodel van Prasuraman ((Vermeulen & Wieman, 2010) (*0 U,%*2'*,0#6GW G*0 5,@*#* U88#@*, @* Z8,@*#,*G,>[H 1* U,%*2'*,0#6G%U520*0-G8,08# %5,@6-**,P*25,>#L%*#82-)*2*,52-(*0>5508G(*0G*0*,/5,@*%U520*0*,@*>*2*/*#@*-*#/'*-*, @*,-0*, d-*#/'*%8-0*,f *, @55#55, %5, @* %U520*0-G8,08# **, P*25,>#L%* PL@#5>* 2*/*#*, PL (*0 8)28--*,/5,@*)#8P2*G*,PL-*#/'*%8-0*,H "#%#&"'(%")#**'""#+,#-+,#.,/0*/,"1%%'1*./2%"&",2"#*'"#3'"/*,4"'."#1*./2%"&5*#*2"'.& "&

2.5 Relatie tussen type winkelcentrum en servicekosten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b)28050*%8-0*,*,8,@*#(86@-%8-0*,d90N*G5*052HWBCDBfH188#@*8,0U%%*2,>/5, U,%*2'*,0#5W/55%UL%U,%*2'*,0#5P60*,(*0-05@-'*,0#6G>*2*>*,WU8#@0@0@88#ZP,,*,-05@#*052*#-[ >*N*,52-'8,'6##*,0*/*#/52-,>8G@50@*(6-/*-0,>-25-0*,*,>#8,@)#LN*,)*#GB@55#/55%25>*#NL,H 1*/*#>*2L%,>>550(*#,*'(0*#,*0(*2*G5528)8G@50*#8))*#3*#*@*052(5,@*2/88#N*,,>*,dT1Sf*, >#80*@*052(5,@*2/88#N*,,>*,d?1SfG**#G*0*#-NL,W@*N*/55%(8>*#*53P86U%8-0*,%*,,*,*,/55% 88%U8#@*,>*'8,3#8,0**#@G*0(8>*#*)*#-8,**2-O*,G5#%*0,>%8-0*,d90N*G5*052HWBCDBfHg550-055, U50(*0*33*'0/5,(*0/*#N8#>,>->*P*@*,@*/*#U5'(0*38803522N52NL,H:*0,5G*@88#@508,0U%%*255#- 60>55,/5,d0*f25>*(6-/*-0,>-%8-0*,/88#@**,@>*P#6%*#-W/55%8G%8)*#-8/*#0*(52*,@50(*0 '*,0#6GPL/88#P**2@8,@*#(86@-5#G-W8,0-055,*#/*#%**#@*/*#(86@,>*,,@*%8-0*,*,P50*,/5,@* 5'08#*,dm8*0WBCDJfHS5,60@0P*>,-*22*@0@0080-0650*-@*,*0U*,-*2L%NL,*,U55#@88#*#/5%*#@* @-'6--*8,0-05508/*#@*(88>0*/5,@*(6-/*-0,>-%8-0*,*,@88#P*25-0*%8-0*,W@*-*#/'*%8-0*,W/5,60 @*/*#(66#@*#,55#@*(66#@*#H (Promoti e- kosten) Huurkosten Servicekosten Huisvestings -lasten Figuur 16 Opbouw huisvestingslasten huurder (eigen bewerking) Y[8EZEI8\UE@BEI\\E6Z8F^_EI\ =6-/*-0,>-25-0*,*,*b)28050*%8-0*,%6,,*,P*(88#2L%/*#-'(22*,)*##*052*#*,)*#U,%*2'*,0#6GH1* @*3,0*U8#@052-/82>0>*>*/*,FZ=6-/*-0,>-25-0*,NL,25-0*,/5,8,@*#,*G*#-@*/88#0/28**,60(*0 )#8@6'0*G@@*2(6-/*-0,>[dm8*0WBCDJfH"b)28050*%8-0*,U8#@*,>*@*3,**#@52-Z%8-0*,@*>*G55%0 U8#@*,/88#8,@*#(86@W2**>-05,@W/*#N*%*#,>*,P*(**#*,@*#>*2L%*/5,(*08,#8*#*,@>8*@*,U8#@0 /55%60>*@#6%0,**,)*#'*,05>*/5,@*(66#)#L-[dm8*0WBCDJfHM,@*#(6-/*-0,>-25-0*,/522*,88%@* -*#/'*%8-0*,H1*(6-/*-0,>O*,-*#/'*%8-0*,NL,dL55#2L%-*f%8-0*,@*/88#0/28**,60(*0(6#*,/5,**, U,%*2#6G0*H1*N*%8-0*,%8G*,/88#060@*)8-0*,(6-/*-0,>*,-*#/'*-H1*N*%8-0*,P*0#*33*,@* N5%*,@*P*0#*%%,>(*PP*,8)(*0>*P#6%/5,**,P*@#L3-OW%5,088#OWU88,W83U,%*2#6G0*H 2.6 Relatie tussen winkelcentra, servicekosten & duurzaamheid Z166#N55G(*@-/55%**,8,@*#U*#)@50U8#@0>*5--8'**#@G*0>*P86U*,*,(*0#*@6'*#*,/5,QMB*, *,*#>*>*P#6%HM)N'(-@50L6-0WG55#(*0P*>#)Z@66#N55G(*@[>550/*#@*#@5,@50H166#N55G(*@ (**3088%0*G5%*,G*0@*P*@#L3-*0(*%WG550-'(5))*2L%/*#5,0U88#@8,@*#,*G*,W@66#N55GP*2*>>*, *,60*,@*2L%Z>#8*,*>*P86U*,[dS*#G*62*,<h*G5,WBCDCW)HjpBfF bedrijfsethiek maatschappelijk verantwoord ondernemen duurzaam beleggen 'groene gebouwen' Figuur 17 Duurzaamheid & bedrijfsethiek (Vermeulen & Wieman, 2010) 1*,%(*#PL55,(*0G**0P55#G5%*,/5,(*0*,*#>*/*#P#6%@88#-2GG*G*0*#-W(*0P*0*#,@*(5,@ (86@*,/5,(*0*,*#>*G5,5>*G*,0*,/*#P#6%*,(*0-06#*,/5,@*)*#'*)0**,/*#5,0U88#@*2L%(*@ PL @* '8,-6G*,0, (*0 U,%*2'*,0#6GH R8/*,@*, >*2@0 8) (*0 /25% /5, /*2>(*@ 88% @* -8'52* "#%#&"'(%")#**'""#+,#-+,#.,/0*/,"1%%'1*./2%"&",2"#*'"#3'"/*,4"'."#1*./2%"&5*#*2"'.& "&

@66#N55G(*@W*0-U55#,U,%*2'*,0#588%**,P*25,>#L%*#82%6,,*,/*#/622*,H1*)8-0*/*>*/82>*,/5, @66#N55G(*@W,0*#G*,/5,**,G,@*#*P*25-0,>8)(*0G2*6*,%8-0*,P*)5#,>G55#,0*#G*,/5, /*2>(*@ *, G550-'(5))*2L%* /*#5,0U88#@,>W %8G*, 0*, >6,-0* /5, N8U*2 @* (66#@*# 52-88% @* /*#(66#@*#dS*#G*62*,<h*G5,WBCDCW)HBDJfH 150@66#N55G(*@**,5'06**28,@*#U*#)-,@*/5-0>8*@O*,P*2*>>,>-U*#*2@-,*0,*6UHS25-/*2@ (**30 #*'*,0*2L% **, 60>*P#*@ 8,@*#N8*% 60>*/8*#@,55# @*,/28*@ /5, @66#N55G(*@ *, *,*#>*)#*-050*/5,U,%*2'*,0#5dS25-/*2@WBCDjfH1*5'06520*0/5,(*08,@*#U*#)->8*@/*#%255#P55# 8G@5088%PL@*>#80*Z,-00608,*2*P*2*>>*#-G550-'(5))*2L%/*#5,0U88#@P*2*>>*,-0**@-P*25,>#L%*# U8#@0*,0*,0U**@*8G@50@*>*P86U@*8G>*/,>**,P*(88#2L%*,/28*@(**308)(*0G2*6*,(*0 U*2NL,/5,@*>*P#6%*#-dS25-/*2@WBCDjfHM8%@*d"6#8)*-*f8/*#(*@(**30U*0>*/,>8,0U%%*2@G*0 P*0#*%%,>080*,*#>*/*#P#6%W53/52*,QMB#*@6'0*H1*P*%*,@-0*60,>/5,U*0>*/,>-080,608*@*,/8*#,> /5, (*0 N8>*,8*G@* *,*#>*)#*-050*'*#03'550 d"tqf /88# >*P86U*,H 1*N* >**30 /5 **, 2*00*#'8@*#,> 55, (8* *,*#>*N6,> (*0 >*P86U - d;l%-8/*#(*@w BCDJ5fH S5-0>8*@ - /82>*,-.V"T ds25-/*2@w BCDjf /*#5,0U88#@*2L% /88# 8,>*/**# jcc /5, @* U*#*2@UL@* '8BO60-0880W JCc /5, (*0 U*#*2@UL@* *,*#>*/*#P#6% d6,*)w BCCpf *, 8,>*/**# EEc /5, @* U*#*2@UL@* >*P#6% /5, (860H 166#N55G(*@U8#@0/55%8G-'(#*/*,52-NL,@*@50(*0P*>#)P*-055060Z)*8)2*W)25,*0W)#830[HS25-/*2@ (**30, NL, 8,@*#N8*% ds25-/*2@w BCDjf 55,>*>*/*, @50 L6-0 @* Z)#830[ %5,0 (*#/5, PL @66#N55G(*@-,/*-0*#,>*, /55% G8*2L% - /5-0 0* -0*22*,H 10 0*#UL2 L6-0 @* Z)#830[ %5,0 /88# /5-0>8*@P*2*>>*#-P*25,>#L%-W8G@50(*0P*(52*,/5,**,d(88>f#*,@*G*,0**,)#G5#@8*2/5,(*0 P*2*>>*,-H?#8**,N*%*##*,@*G*,08)@*,/*-0*#,>*,-,8@>8G25,>*0*#GL,'8,0,60*00*%6,,*, >5#5,@*#*,H"'(0*#8,0-0550(*0,60*,,88@N55%/5,(*0G)2*G*,0*#*,/5,@66#N55G(*@88%-0**@- G**#PL@*/5-0>8*@G5,5>*#H=*0>550*#@55#PL/88#,5G*2L%8G@50@**b)28050*/5,(*0/5-0>8*@83 U,%*2'*,0#6GN8@66#N55GG8>*2L%U8#@0>*@55,H10%5,**,/5-0>8*@G5,5>*#*'(0*#,*0522**,H=*0- /5,P*25,>@5088%@*P*2*>>*#*,@*(66#@*#-(*#55,G**U*#%*,*,@50G*,N'(G*0*2%55#,N*0/88# (*0N8@66#N55GG8>*2L%U,%*2'*,0#6GH S82>*,- +#8@8- R5,% d+#8@8- R5,%W BCDDf - **, >*P86U - @66#N55GU5,,**#F @* >*P#6%*#- *# )#*00> *, >*N8,@, %6,,*, U*#%*, dt*8)2*f (*0G2*6,*0P8/*,G50>U8#@0P*25-0dT25,*0f (*0/82@8*055,@**-*,8)37-*%*,#6G0*2L%,/*56 dt#8l*'0f *,U5,,**#(*0**,>8*@#*,@*G*,0(**30dT#830f =*0G8@*2/5,+#8@8-G55%0/88#52@6@*2L%@50**,**,NL@>* P*,5@*#,>,*0 /82-0550 *, @50 *# @6- /88# **,,0*>#52* P*,5@*#,> G8*0 U8#@*, >*%8N*, 8G 0* %8G*, 080 @* L6-0* -05))*,,(*0/*#@66#N5G*,/5,(*0/5-0>8*@H=*0-/5,P*25,> 8G 88% (*0 *,*#>*O *, U50*#G5,5>*G*,0W %2*, @5>*2L%- 8,@*#(86@W53/52/*#U*#%,>*,,%88)G5,5>*G*,0/5,8,@*#(86@-'8,0#5'0*,*,@*#>*2L%*,(*05-)*'0 @66#N55G(*@G**0*,*G*,G*0(*0-*#/'*%8-0*,)#8'*-Hh25G:'18,86>(N*>0,NL,P8*%ZQ#5@2*B Q#5@2*[@50@0-Z[U55##*@*->,P*>,0,522**#,-0WU55#U*-08))*,G*0)#8P*#*,G,@*#-2*'(00*NL,*, U*P*>,,*,G*0(*060N8*%*,(8*U*>8*@P*N>NL,yd:'18,86>(<R#56,>5#0WBCDCfH1*N*@*3,0* >**305255,@50(*0/55%,*0522**,%5,WG55#(*0>*N5G*,2L%8)>*)5%0@*,00*U8#@*,H :99+&Q=9TT"g\Am"1..;_99:="\1 M8%(*0-8'552OG550-'(5))*2L%*5-)*'0/5,@66#N55G(*@U8#@0-0**@-P*25,>#L%*#H+#5,-)5#5,0*- (*#PL(*0-2*60*2U88#@H10(86@0,@50G*,0#5,-)5#5,0G8*0NL,,55#@*P60*,U*#*2@U55#G****, 8#>5,-50* NL, >*2@ /*#@*,0 *, U*2%* P*@#L3-5'0/0*0*, *# )2550- /,@*,H 10 U8#@0 8,@*# 5,@*#* 55,>*@6@,**,:SMd:550-'(5))*2L%S*#5,0U88#@M,@*#,*G*,fO#5))8#0/5,**,8#>5,-50*H&0**@- G**#/5-0>8*@G5,5>*#-WU55#8,@*#QR;"W/#5>*,@*#>*2L%*#5))8#0*,*,/*#%25#,>*,8)/5,(55#8,@*# 55,,*G*#-*,@*#>*2L%*H10P*0*%*,@@50(*05-)*'0-8'552*,G550-'(5))*2L%/*#5,0U88#@8,@*#,*G*, 88%**,>#80*#82-)**20,@*-*#/'*%8-0*,*,,*08,@*#>*-'(8/*,G5>U8#@*,H profit people sustainable property project planet Figuur 18 Het drie P-model van Triodos (Triodos Bank, 2011) "#%#&"'(%")#**'""#+,#-+,#.,/0*/,"1%%'1*./2%"&",2"#*'"#3'"/*,4"'."#1*./2%"&5*#*2"'.& "&

2.7 Deelconclusie h,%*2-8,@*#p#*,>*,,xx,>*p86u83'*,0#6gw(*0n8>*,8*g@*u,%*2'*,0#6gwu8#@052**,25,>*0l@ >*@55,W*,@***#-0*U,%*2-8,0-08,@*,,@*/8#G/5,G5#%0*,*,@*#>*2L%*HV55#G50*-0*@*,>#80*# U8#@*,*,G**#,U8,*#-(*PP*,W%#L>*,NL88%G**#d/*#N8#>*,@*f36,'0*-*,-(*0/*#N8#>,>->*P*@ @6-60>*-0#*%0*#d:5-08)WBCDBW)HKfH1*28'50*/88#U,%*2/5-0>8*@-*#>P*25,>#L%*,@*(6@>* V*@*#25,@-* @*052(5,@*2-0#6'066# -,8> -0**@- /88# **, >#880 @**2 >*P5-**#@ 8) @* 0(*8#* /5, Q(#-0522*#HZ188#@50/82>*,-@*V*@*#25,@-*U,%*2)25,,,>*@*#*'8,-6G*,08)288)O@5,U*23*0-53-05,@ NL,@5>*2L%-*P88@-'(5))*,G8*-0%6,,*,@8*,W-,8,-25,@**,/**23L,G5N>*#@*052(5,@*2--0#6'066# 8,0-055,@5,,(*0P60*,25,@[d:5-08)WBCDBW)HKfH1*U,%*228'50*P*)552@GG*#-@*55#@*,8G/5,> /5,@*'8,-6G*,0*,-0#88Gd:5-08)WBCDBW)HKfH 1*)25,G50>8,0U%%*2@*U,%*2'*,0#5(5,>*,/88#,5G*2L%-5G*,G*0(66#@*#-W/*#(66#@*#-d*>*,55#fW /5-0>8*@G5,5>*#-*,@*'8,-6G*,0*,HMG**,>8*@36,'08,*#*,@U,%*2'*,0#6G0*(*PP*,W@*,*,@*N* 5'08#*,>8*@/*#0*>*,U88#@>@0*NL,HM8%#'(0*,d)25,G50>8,0U%%*2@*fU,%*2'*,0#5N'(-0**@-G**# 8)8,@*#-'(*@*,@/*#G8>*,*,)#8P*#*,*>*,5#*,/5,U,%*2'*,0#5@*'8,-6G*,0-0**@-25,>*#,(55# U,%*2'*,0#6G0*(86@*,H=*#@88#/*#-'(630@*0#*,@-0**@-G**#,55##*'#*50*3U,%*2*,Hg8'506- dg8'506-wbccif@**20u,%*2'*,05*,u,%*2>*p*@*,,n*/*,/*#-'(22*,@*07)*,u,%*2'*,0#5hs82>*,- "/*#-ds*#g*62*,<h*g5,wbcdcw)hdj]f/*#/620*2%u,%*2'*,0#6gnl,*>*,36,'0**,8,02**,0(*0nl, P*055,55,**,83G**#@*#P*N8*%G80*/*,H1*N*P*N8*%G80*/*,NL,Z#6,[d*/*,-,*2**,P88@-'(5) @8*,fWZ36,[d#*'#*5'0*3U,%*2*,f*,Z@8*2[d>*#'(055,%8)*,@8*,fHM,@*##*'#*50*3U,%*2*,U8#@0 /*#-055,Z(*0P*N8*%*,/5,/*#-'(22*,@*U,%*2-G*052-@8*28,0-)5,,,>*,/*#G55%[dT25038#GjDWBCDJW )HjDfH1*0#5@08,*2*U,%*2-*,U,%*2'*,0#5G8*0*,G**P*U*>*,G*0@*P*(8*30*,*,/*#25,>*,-/5, '8,-6G*,0*,8G88%,@*08*%8G-0**,55,0#*%%*2L%U,%*2520*#,50*30*NL,d&)**0L*,-<T8-0WBCDBfH MG *#/88# 0* N8#>*, @50 @* '8,-6G*,0 88% 25,>*#, (*0 U,%*2'*,0#6G P2L30W - (*0 P*25,>#L% @50 (*#P,,*,U8#@0>*%*%*,*,#*%*,,>U8#@0>*(86@*,G*0d&)**0L*,-<T8-0WBCDBfF Q8,-6G*,0*,'8,-6G*,0*,P*2*/,>8)-*#/'*%8-0*,n T#L-*,%U520*0/5,>*2*/*#@*@*,-0*,d-*#/'*%8-0*,fn T#8G80*%8-0*,/88#5'0/0*0*,*,G5#%*0,>n R*25,>*,/5,@*5'08#*,d/*#(66#@*#W(66#@*#</5-0>8*@G5,5>*#fH 155#,55-02550@*/*#5,@*#*,@*#*052G5#%0N*,@508,2,*8GN*0P*-0*@,>*,,(*052>*G**,53,*G*,@* 8GN*00*,080>*/82>(**308)@*37-*%*U,%*228'50**'(0*#/*#-'(20@0U*2)*#P#5,'(*H1*>*P86U@* 8G>*/,>N52/0520*0G8*0*,,5-0#*/*,@88#N'(0*(*#8#v,0*#*,*,55,0*)5--*,55,@*U*,-*,/5,@* d08*%8g-0>*f>*,*#50*n8@50@*n*@**'8,8g-'(*)80*,0*-u**00*p*,600*,*,u,%*2-0#6'066#,**, #*>883-05@/0552-dV*@*#25,@-*;55@/5,h,%*2'*,0#5WBCDJW)HDKf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dS*#G*62*,<h*G5,WBCDCW)HJCBfHM8%(*0-8'552OG550-'(5))*2L%* 5-)*'0/5,@66#N55G(*@U8#@0-0**@-P*25,>#L%*#H+#5,-)5#5,0*-(*#PL(*0-2*60*2U88#@H10(86@0, @50G*,0#5,-)5#5,0G8*0NL,,55#@*P60*,U*#*2@U55#G****,8#>5,-50*NL,>*2@/*#@*,0*,U*2%* P*@#L3-5'0/0*0*,*#)2550-/,@*,H 10(883@-06%(**30G*@*5,0U88#@>*>*/*,8)@*@**2/#5>*,DHD080*,G*0DHj*,@**2/#55>jHB*,JHBH "#%#&"'(%")#**'""#+,#-+,#.,/0*/,"1%%'1*./2%"&",2"#*'"#3'"/*,4"'."#1*./2%"&5*#*2"'.& "&

3. SERVICEKOSTEN BIJ WINKELCENTRA: NEDERLAND 188#G@@*2/5,@0(883@-06%-(*0-*#/'*%8-0*,)#8'*-PLU,%*2'*,0#5,V*@*#25,@>*5,527-**#@H =*#PLNL,@*-05%*(82@*#->*@*3,**#@W-@*-5G*,U*#%,>06--*,@*-05%*(82@*#-P*-'(#*/*,*,NL,@* L6#@-'(**,3,5,'*2*%5@*#-*,@*/*#-'(22*,@*-*#/'*%8-0*,G*0(8@*,P*-'(#*/*,H10(883@-06%>**30 @55#G**5,0U88#@8)@*@**2/#5>*,DHDWDHJODHKWBHD*,JHjH "#%#&"'(%")#**'""#+,#-+,#.,/0*/,"1%%'1*./2%"&",2"#*'"#3'"/*,4"'."#1*./2%"&5*#*2"'.& "&

3.1 Stakeholdersanalyse en samenwerking 3.1.1 Stakeholdersanalyse R,,*, d)25,g50> 8,0U%%*2@*f U,%*2'*,0#5 U8#@*, @* (66#@*#W /*#(66#@*#W /5-0>8*@G5,5>*# *, '8,-6G*,052-@*P*25,>#L%-0*-05%*(82@*#->*N*,H=8*U*2NL522*/*#5,@*#*P*25,>*,(*PP*,WNL,NLU*2 /5,*2%55#53(5,%*2L%H\,@*N*)5#5>#553U8#@*,@*/*#-'(22*,@*-05%*(82@*#-08*>*2'(0*,U8#@*,**, 55,052-0#6'06#*,08*>*2'(0@*/5,08*)5--,>NL,PLU,%*2'*,0#5H & 8U\]_7\7B\BU7\IZB\M8\^@F\I6B "#NL,#*250*3U*,>U,%*2-,*>*,@8G/5,@*d*,@f>*P#6%*#dT25,P6#*56/88#@*g**38G>*/,>< 9G-0*#@5G&'(88283;*52"-050*WBCDjW)HBjfH"*,U,%*2'*,0#6G-G**-052*>*,@8G/5,)#83*--8,*2* P*2*>>*#-@*/**252)*,-8*,>*2@*,P*2*>>*,,/5-0>8*@H=*#PL%5,@*P*2*>>*#'HkH*>*,55#(*0P*(**# /5, (*0 U,%*2'*,0#6G /88# *>*, #*%*,,>,*G*,W G55# %5, @0 88% 60P*-0*@*, 55, **, *b0*#,* /5-0>8*@G5,5>*#HM,@*#(*0/5-0>8*@G5,5>*G*,0U8#@0/82>*,-m86-*G5*%*#dBCCBf/*#-055,(*0>*(*2* G5,5>*G*,0)#8'*-@50080@8*2(**308GP*2*>>,>*,,/5-0>8*@N8>8*@G8>*2L%0*250*,#*,@*#*,H S82>*,-S5,1#*2dBCDCW))HBEOBif-/5-0>8*@G5,5>*G*,08,@*#0*/*#@*2*,,-0#50*>-'(OW05'0-'(OW*, 8)*#508,**2,/*56H +80 (*0 8)*#508,**2,/*56P*(88#0(*0 /5-0>8*@G5,5>*G*,0 /5, @* P*2*>>,>W @6-, @0 >*/52 (*0 U,%*2'*,0#6GH 155#G** - @* /5-0>8*@G5,5>*# @'(0 PL (*0 U,%*2'*,0#6G P*0#8%%*, *, G8*0 (L *# @5>*2L%- /88# N8#>@#5>*, @50 (*0 /5-0>8*@ 8)0G552 #*,@**#0 d/5, 1#*2W BCDCW))HBEOBifH =*0 /5-0>8*@G5,5>*G*,0 -, @* 288) @*# L5#*, P*(88#2L% /*#5,@*#@ ds*#g*62*, < h*g5,w BCDCfH h55# /88#(**, Figuur 19 De vastgoedmanament piramide volgens Graaf (2011) (*0 /5-0>8*@P*(**# -2*'(0-,-05,@(86@,>/5,(*0/5-0>8*@U*#@P*@8*2@W8G/50(*00*>*,U88#@>**,>#80*@/*#-0*055,05%*,W8) /*#-'(22*,@*P*2*@-,/*56-dA5,--*,W\\\,>#@W<&G0-WBCC]fH1*N*P*2*@-,/*56-NL,F &0#50*>-'(,/*56d)8#0*3*622*G5,5>*G*,0f o =*#U8#@0(*0)25,>*/8#G@/88#@*(*2*/5-0>8*@)8#0*3*622**,@*,0**,60/28*-*20* NL,/5,@*@8*2-0*22,>*,/5,@*8,@*#,*G,>H +5'0-'(,/*56d5--*0G5,5>*G*,0f o =*# /,@0 @* /*#052,> )2550- /5, (*0-0#50*>-'( )8#0*3*622*)25,, **, '8,'#**0 8PL*'0P*2*@H92-P5--(*#/88#@*,*,@*)*#38#G5,'*5,527-*-/5,@*8PL*'0*,,@* )8#0*3*622*H=*#60%8G0PL/88#P**2@(*0P*-2608G@88#0**b)280*#*,W0*#*,8/*#*,W (*#8,0U%%*2*,W/*#%8)*,*,5k6-0*H M)*#508,**2,/*56d)#8)*#07G5,5>*G*,0f o =*#/,@@*60/8*#,>/5,(*08PL*'0P*2*@)2550-HM)@0,/*56N*L*)5->8*@(8* G620@-')2,5#(*0/5%>*P*@-H=*08)*#508,*2*,/*56N*L*0*#6>,(*05@G,-0#50*3 G5,5>*G*,0W 3,5,'**2 G5,5>*G*,0W 0*'(,-'(X35'205# G5,5>*G*,0 *, '8GG*#'**2 G5,5>*G*,0d?#553WBCDDW)HDCfH 1*/5-0>8*@)#5G@*088,0-0*#%*>*2L%*,--*,G*0@*G5,5>*G*,00#5@*WN852-@*,@*P*@#L3-%6,@* U8#@0 >*07)**#@H :*0 @* )#5G@* U8#@0 @* >*255>@(*@ 55,>*>*/*, G*0 P*0#*%%,> 080 P*2*@ *, P*-260/8#G,>HS82>*,-S5,M-dS*#G*62*,<h*G5,WBCDCW)HDpf@6@0@*)#5G@*/8#G*#8)@50@* -0#50*>-'(*255>/5,@*G**-0*8#>5,-50*-/55%%2*,*#-,8G/5,>@5,@*05'0-'(**,8)*#508,*2*255>W G55#k65P*-260/8#G,>@*(88>-0*-,@*(*#5#'(*H "#%#&"'(%")#**'""#+,#-+,#.,/0*/,"1%%'1*./2%"&",2"#*'"#3'"/*,4"'."#1*./2%"&5*#*2"'.& "&

S5,60 @*N* )#83*--8,52-*#,> /5, (*0 /5-0>8*@G5,5>*G*,0 U2 @* /5-0>8*@G5,5>*# **, >*2L%U55#@>* #*250* 55,>55, G*0 @* P*2*>>*#*,8)N8*%>55,,55#,*6U*%5,-*,, P*-055,@* *,,*6U* G5#%0*, 8G (55# @*,-0/*#2*,,> 60 0* %6,,*, P#*@*,H \, 8,@*#-055,@*3>66#-(*0/5-0>8*@P*2*@-)#8'*- U**#>*>*/*,H S88#(*0P*-'(#L/*,/5,@*N*%5,-*,/88#(*0 /5-0>8*@G5,5>*G*,0P*@0(*0>#8*G8@*2/5, 9,-833dA5,--*,*052HWBCC]f**,>8*@(86/5-0H Figuur 20 Vastgoedbeleidsproces /W(&>(%6(. P A#(>*.L 9S'SL<K'X3 9,-8338,@*#-'(*@/*#/*#-'(22*,@*>#8*-0#50*>**,25,>-@*@G*,-*-/5,)#8@6'0*,G5#%0/88#(*0 /*#P*0*#*, /5, @* G5#%0)8-0* /5, **, 8#>5,-50*H h5,,**# U* @*N* @G*,-*- 08*)5--*, 8) (*0 /5-0>8*@G5,5>*G*,0@5,8,-0550(*0-'(*G5/5,(*#,55-0dS*#G*62*,<h*G5,WBCDCW)HD]fH 1*/*#>#8*-0#50*>**,/88#@*/5-0>8*@G5,5>*G*,08#>5,-50*%6,,*,52-/82>0U8#@*,>*@*3,**#@ ds*#g*62*,<h*g5,wbcdcw)hd]ff DH :5#%0)*,*0#50*F G**# /5, @* (6@>* G5,5>*G*,05'0/0*0*, 55,P*@*, 55, P*-055,@* 8)@#5'(0>*/*#-n BH M,0U%%*2,> d*, 8)0G52-50*f /5, @*,-0*,F,*6U* G5,5>*G*,05'0/0*0*, 55,P*@*, 55, P*-055,@*8)@#5'(0>*/*#-n jh :5#%08,0U%%*2,>F (6@>* G5,5>*G*,05'0/0*0*, 55,P*@*, 55,**,,*6U07)*8)@#5'(0>*/*#n JH 1/*#-3'50*F,*6U* G5,5>*G*,05'0/0*0*, 55,P*@*, 55,**,,*6U07)*8)@#5'(0>*/*#H h5,,**#@*/5-0>8*@g5,5>*g*,0)#5g@* U8#@0 >*)2550-0, (*0 >#8*G8@*2 /5, 9,-833W @5, U8#@0 @6@*2L% 8) U*2% P*2*@-,/*56 @* P8/*,>*,8*G@* >#8*-0#50*>**, /5, 08*)5--,> NL,H ds*#g*62*,<h*g5,wbcdcw)hd]f Figuur 21 Vier groeistrategieen voor vastgedmanagement volgens Ansoff (Vermeulen & Wieman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`0,./&*/5**)/:"/.%5.%%) -*#/'*%8-0*, (5,>0 G*0 /**2 35'08#*, *, 5'08#*, (%;%5=4"DNA -5G*,H=*0-@55#8G/5,P*25,>8G0*U*0*,(8*@* Figuur 22 quote interview /*#-'(22*,@*P*0#8%%*,5'08#*,(6,#82,/622*,,(*0 & -*#/'*%8-0*,)#8'*-HMG-05%*(82@*#-,N'(0*2L%0*G5%*,-(*#08*(*0/82>*,@*-'(*G58)>*-0*2@F "#%#&"'(%")#**'""#+,#-+,#.,/0*/,"1%%'1*./2%"&",2"#*'"#3'"/*,4"'."#1*./2%"&5*#*2"'.& "&

Huurder Huurder Verhuurder Beheerder Consument Consument Winkelcentrum Beheerder Grote ketens Banken vastgoedmanag ers de 'klant' Verhuurder/ eigenaar Franchisers Pensioenfondse n/beleggers verhuurder/ beheerder ineen Belegger/ financierder zelfstandig ondernemers Private investeerders particuliere beheerders Figuur 23 Overzicht stakeholders en actoren (eigen bewerking) \,(*0P*25,>*,-'(*G5NL,52-(883@5'08#*,@*(66#@*#W/*#(66#@*#W/5-0>8*@G5,5>*#*,'8,-6G*,0H 1*N*U8#@*,>*N*,52-P*25,>#L%-0*-05%*(82@*#-,**,U,%*2'*,0#6GHMG(*0/*#-'(2,@*P*25,>*,*, 60>5,>-)6,00*,55,N*,/5,@*-*#/'*%8-0*,@6@*2L%0*G5%*,U8#@*,@*N*(*#,5/*#@*#P*%,8)0 60**,>*N*0H"*,60>*P#*@*#*P*-'(#L/,>/5,@*-05%*(82@*#--8)>*,8G*,,PL25>*jH R"g9V?"V&9:"V?"S9+ \,(*0/82>*,@*-'(*G5NL,@*P*25,>*,/5,@*/*#-'(22*,@*5'08#*,8)>*,8G*,*,-0*/*,-@*G5'(0@* NL%6,,*,60/8*#*,8)(*0)#8'*-WP*%,8)0U**#>*>*/*,F "#%&'()%* "#%& "#% ""#%# ON8255>G8>*2L%*)#L-W(88>-0*%U520*0n/88#52,@/@6**2P*25,> O0#5,-)5#5,0*,(*0)#8'*- O>**,-*#/'*%8-0*,WG55#Z(6-/*-0,>-25-0*,[ O>#80*#*#*052*#-/55%(*02*3-0Z53>*08)0[@5,U*2>*3b**#@ O"#""%&'(")*'("+,'-./&.,#," "#%%#&"#' "#%&'()"*"%'+ "#%&'#( O/**2)8-0*,,-*#/'*%8-0*,W*'(0*#U*28)/*#5,0U88#@*ULN*n'822*'0*3P*25,> O25>*-*#/'*%8-0*,,'*,0#6GW'8GG*#'**2/88#@**2 O"#%&"'()"*+,"-#.%'"*+/0+12/#'")%*,)((03 O:,@*#5@G,-0#50**,Z#8G)-28G)[ O"""#%&"'%("(())*%+,)(,+"-."*/01"2%.-"(34*".-)-0"/"*,%"50(,6 O"#%""#%&'() O%U52050*3>8*@U,%*2P**2@*,'*,0#5 O"#%&'#(()'(%'*(+)+, Tabel 7 Stakeholdersanalyse en belangen (eigen bewerking) R*(52/*@*dP*25,>#L%-0*f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abel 8 Analyse belangenorganisaties en hun belangen (eigen bewerking) "## "## "## "#% "## "##% "## "## "#%#&"'(%")#**'""#+,#-+,#.,/0*/,"1%%'1*./2%"&",2"#*'"#3'"/*,4"'."#1*./2%"&5*#*2"'.& "&

R60*,@*P*25,>*,8#>5,-50*-NL,*#,8>**,55,0528/*#>*-05%*(82@*#-@*/5,P*25,>NL,8G8)0*,*G*,,(*08/*#N'(0*,@*,/28*@608*3*,*,8)@*-*#/'*%8-0*,*,(*0@55#PL(8#*,@*)#8'*-F "#%&#'()*+#,-.#( "#%& "#% "#%&'( "#%#& T*,-8*,38,@-*,X,/*-0**#@*#- O,*6U*/8#G*,/5,(6#*,*,'8,0#5'0*, O"#%#&'()(*%+(,-./+,') O/5-0*)#L-W/5-0>*>*/*, O""#%"&&'(()#"#*''&+,,&&)()-,."/"&01*,&+1 O""#%&'(#)*+,)&)-.*/),(%)0&).)-%&1(#)-&-)02)')0%&3*+& "#%%& "##% "##% ""#%#&'%#%()*)(*%(+,-%)./0,1#2(*%3)%4 "#%&"'()*"+,%+-%"+,.+,/00#1"#) "##% Tabel 9 Overzicht overige stakeholders en belangen (eigen bewerking) 3.1.2 Samenwerking tussen stakeholders Z=*0'8GG*#'**2G5,5>*G*,0/5,U,%*2'*,0#5(**30N'(@*53>*28)*,@*'*,,5-0*#%8,0U%%*2@H=*0 U,%*2'*,0#6GG5,5>*G*,0-**,-)*'3*%/5%>*P*@>*U8#@*,H155#(*0/#8*>*#P*-08,@60/*#(6#*, /5, **, U,%*2#6G0* N8@#5 @*N* U5- /#L>*%8G*,W - (*0 U,%*2'*,0#6GG5,5>*G*,0 0*>*,U88#@> )#85'0*3*,'8GG*#'**2>*-066#@[dS*#G*62*,<h*G5,WBCDCW)HDJKfH1*,5@#6%U8#@0G**#>*2*>@8) @*>*G**,-'(5))*2L%*P*25,>*,/5,N8U*2@*/*#(66#@*#52-@*(66#@*#*,8GN8(*0U,%*2'*,0#6G**, '8GG*#'**2-6''*-0*G5%*,H\,8,@*#-055,@*3>66#-@6@*2L%0*N*,U55#8GU,%*2/5-0>8*@**, -)*'52*55,@5'(0/*#%#L>0P8/*,8)@*%5,08#*,*,U8,,>*,G5#%0dS*#G*62*,<h*G5,WBCDCW)HDJKfH Figuur 24 De cyclus van winkelvastgoed (Vermeulen & Wieman, 2010) "*,>8*@*#*250*G*0@*(66#@*#-/5,P*25,>*,8G,N'(00*%6,,*,%#L>*,,@*'8,0,60*0/5,@* (66#-0#88G@*,0@*/5-0>8*@G5,5>*#N'(88%0*/*#@*)*,,**,@*#@*G5#%0F@*@*052(5,@*2W830U*U*2 @*37-*%*U,%*2U55#@*'8,-6G*,0*,8,@*#,*G*#*2%55#0#*33*,dS*#G*62*,<h*G5,WBCDCW)HDJKfH 6_@Z6]@8\U S82>*,- T25038#G jd dt25038#g jd *0 52HW BCDJW )H Bjf NL, Z, @* 2550-0* @*'*,,5 /**2 #822*, *, /*#5,0U88#@*2L%(*@*,, U,%*2>*P*@*, PL -)*'3*%* -)*2*#- %8G*, 0* 2>>*,W dhhhhfw *'(0*# @*N* d,@/@6*2*f05%*,*,/*#5,0u88#@*2l%(*@*,g5%*,-5g*,,8>>**,>8*@u,%*2>*p*@[h=*0-@55#pl,8@>@50)5#0l*,@*5'0*-8)*2%55#53-0*gg*,*,@88#8,0u%%*2*,n8@50nl*2%55#%6,,*,/*#-0*#%*,*, **,G**#U55#@*8)2*/*#*,HS82>*,-@*S5-0>8*@G5#%0,BCDD-Z@*N*%*,,-/5,#*052*#-8/*#(6, @8*2>#8*)-@55#/88#/5,U55#@*/822*,)60[d/5,@*#h**#@WBCDDW)HjBfHZ1*,)60/5,@*P*0#8%%*, -)*2*#-2*/*#0,*0522**,G**#,N'(0WG55#P*@0G8>*2L%(*@*,8G(*0U,%*2>*P*@52-**,>*(**20* )8-08,*#*,#'(0,>@*'8,-6G*,0H=*0/88#@**2/5,**,)25,G50>8,0U%%*2@U,%*2'*,0#6G-@50*# -)#5%*-/5,xx,83**,%2*,55,052*>*,5#*,[dS5,&8*-0WBCDJfH=*#@88#-(*0#*250*3**,/86@>8G@* -5G*,U*#%,> G*0 #*052*#- 55, 0* >55, /5 **, U,%*2*#-/*#*,>,>H Z=*0 @8*2 /5, **, U,%*2*#-/*#*,>,>-(*0P*(5#0>*,/5,@*P*25,>*,/5,@*#*052*#-*,(*0P*#*%*,/5,@8*2*,@* >*N5G*,2L%U8#@*,,5>*-0#**3@[dS5,&8*-0WBCDJfH "## "#%#&"'(%")#**'""#+,#-+,#.,/0*/,"1%%'1*./2%"&",2"#*'"#3'"/*,4"'."#1*./2%"&5*#*2"'.& "&

EB7\M6^8\UI[EE\6IB8@6\ZBEIU_]7B\BU6 RL@*-5G*,U*#%,>06--*,@*/5-0>8*@G5,5>*#*,@*#*052*#NL,/82>*,-95#@*,dBCDjf@*/82>*,@*@#* 5-)*'0*,/5,P*25,>F RA8#<%'5*/,"&"4,#2? =*0,5-0#*/*,/5,**,-5G*,U*#%,>@*>*#'(0-8)(*0@*2*,/5,,38#G50*WN852-P*N8*%*#-55,0522*,W P*N8*%*#->*>*/*,-*,8GN*0,38#G50*HM)@*G5,*#U8#@0,N'(0/*#%#*>*,,@*)*#38#G5,'*/5,(*0 U,%*2'*,0#6GH\,V*@*#25,@>*2@0**,0*#6>(86@*,@(*@/5,d8GN*0f,38#G50*@*2,>d95#@*,WBCDjW)H pcfh155#8g%5,(*0,600>nl,8g@*-5g*,u*#%,>*,(*0@*2*,/5,,38#g50*-05)->*ul-55,0*-)8#*,h h5,,**#@0>8*@u8#@08,0/5,>*,wnl,)5#0l*,p*#*@8gg**#,38#g50*0*>55,@*2*,h SAE"'1,;")+*4,/",/? =*0,5-0#*/*,/5,**,-5G*,U*#%,>@*>*#'(0-8)(*0/*#P*0*#*,/5,@*-*#/'*%U520*0,@*)6P2*%* #6G0*/5,(*0U,%*2'*,0#6GH TA7*')"/,#2? =*0,5-0#*/*, /5, **, -5G*,U*#%,> @* >*#'(0-8G 0* %8G*, 080 U,%*2'*,0#6G P#*@* G5#%*0,>5'0/0*0*, 8) PL/88#P**2@ -8'52 G*@5W U*P-0*W */*,0-W G5#%*0,>'5G)5>,*-W 287520*0-)#8>#5GG5[-H 3.2 Relatie servicekosten, huurprijs & huisvestingslasten =*0 -*#/'*%8-0*,)#8'*- P*/50 (*0 /*#288) /5, @88#P*25-0*, /5, %8-0*, /88# (*0 60/8*#*, /5, U*#%N55G(*@*,W2*/*#,>*,*,@*,-0*,@*@88#@*/*#(66#@*#U8#@*,P*0552@*,@*/*#/82>*,-G*0@* (66#@*#53>*#*%*,@G8*0*,U8#@*,H\,8,@*#-055,@@5>#5GU8#@0@0/*#@6@*2L%0F Verhuurder/eigenaar Beheerder Huurder servicekostenpakket contracteren van samenstellen partijen/aannemers werkzaamheden zorgen voor overdragen aan administratieve beheerder verwerking afrekening van de servicekosten Figuur 25 Servicekostenproces in diagram (eigen bewerking) moet betalen voor geleverde diensten dmv de servicekostenafreken ing heeft verder geen zeggenschap (Promotie -kosten) Huurkosten Servicekosten Huisvestingslasten Figuur 26 Huisvestingslasten in diagram (eigen bewerking) Y[8EZEI8\UE@BEI\\iJ@_8IBI8@BEI\ =6-/*-0,>-25-0*,*,*b)28050*%8-0*,%6,,*,P*(88#2L%/*#-'(22*,)*##*052*#*,)*#U,%*2'*,0#6GH1* @*3,0*U8#@052-/82>0>*>*/*,FZ=6-/*-0,>-25-0*,NL,25-0*,/5,8,@*#,*G*#-@*/88#0/28**,60(*0 )#8@6'0*G@@*2 (6-/*-0,>[ d@* R8*#W BCC]fH "b)28050*%8-0*, U8#@*, >*@*3,**#@ 52- Z%8-0*, @* >*G55%0U8#@*,/88#8,@*#(86@W2**>-05,@W/*#N*%*#,>*,P*(**#*,@*#>*2L%*/5,(*08,#8*#*,@>8*@ *,U8#@0/55%60>*@#6%0,**,)*#'*,05>*/5,@*(66#)#L-[d@*R8*#WBCC]fHM,@*#(6-/*-0,>-25-0*, /522*,88%@*-*#/'*%8-0*,H1*(6-/*-0,>O*,-*#/'*%8-0*,NL,dL55#2L%-*f%8-0*,@*/88#0/28**,60(*0 (6#*,/5,**,U,%*2#6G0*H1*N*%8-0*,%8G*,/88#060@*)8-0*,(6-/*-0,>*,-*#/'*-H1*N*%8-0*, P*0#*33*, @* N5%*, @* P*0#*%%,> (*PP*, 8) (*0 >*P#6% /5, **, P*@#L3-OW %5,088#OW U88,W 83 U,%*2#6G0*H \\-\_6768\U\OBF8@8Id7B\BU7\I S82>*,- @* V"VO,8#GW V"VO"V DEBBD 45'207 :5,5>*G*,0 dq"vw BCDBf *, @* @55#55, /*#P8,@*, @**28,@*#U*#)*,G*0P*0#*%%,>080(6-/*-0,>-25-0*,*,-*#/'*%8-0*,WNL,@*N*52-/82>08)>*P86U@H 1*(*#P8/*,>*,8*G@*V"VO,8#G*#,>>550G**#@*)*#,8)(*0/*2@/5,35'207G5,5>*G*,0*, @55#55, /*#P8,@*, @* N8>*(*0*, -*#/'* 2*/*2 5>#**G*,0-H \, @*#>*2L%* 8/*#**,%8G-0*, U8#@*, 2*/*#,>*,*,@*,-0*,06--*,@*)5#0L*,/5-0>*2*>@W*,U8#@*,(*#88%/55%%*7)*#38#G5,'*,@'508#- dmt\[-f8)>*-0*2@u55#55,@*)5#0l*,n'(g8*0*,'8,3g*#*,dm8'%wdppkfh "#%#&"'(%")#**'""#+,#-+,#.,/0*/,"1%%'1*./2%"&",2"#*'"#3'"/*,4"'."#1*./2%"&5*#*2"'.& "&

Huisvestingslasten (Facilities) Investeringen Huisvesting Services Middelen Gebouw (huurlast) Gebouwinstallaties (collectief) Belastingen Heffingen Verzekeringen Energie onderhoud schoonmaak vuilafvoer receptie beveiliging etc. Inrichting kantoorbenodigdheden telecommunicatie datacommunicatie Figuur 27 Overzicht huisvestingslasten en investeringen volgens NEN. naar (Verkerk, 2012) en eigen bewerking 3.3 Juridisch kader U\][8]@8`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bG552 **, 55,052 8,@*#(86@-P*6#0*,G5>(*PP*,)*#L55#W*,@50@*N*,50*,L55#PL/88#P**2@U**#/*#/5,>*,G8*0 U8#@*,8G@505,@*#-@*8,@*#(86@-%8-0*,8,*/*,#*@>(88>U8#@*,H IX6]_7EFY6Z\\Z@B@GIH_JJ6Z@B^^8U :*,,**G0/55%**,N8@5,>>#80*2L-08)55,2*/*#,>*,*,@*,-0*,8),@*(66#8/*#**,%8G-0*,@* G8>*2L%,@*-*#/'*%8-0*,%6,,*,U8#@*,@88#>*/8*#@WG55#U55#/*#/82>*,-,8>**,*b0#55#0%*2 U8#@08)>*,8G*,U55#,-0550FZP8/*,-055,@*8)-8GG,>-,*02G050*3[H:*05,@*#*U88#@*,W(*#55, %6,,*,>**,#*'(0*,U8#@*,8,02**,@*,U5,,**#**,/*#(66#@*#**,@6@*2L%/*#(552(**30%5,**, /*#(66#@*#X*>*,55#@*N*%8-0*,52-,8>,@*-*#/'*%8-0*,@88#/8*#*,H 3.4 Financieel kader =*0 3,5,'v2* %5@*# PL @* -*#/'*%8-0*, G,-0*,- N8 P*25,>#L% 52- (*0 L6#@-'( %5@*#H &*#/'*%8-0*, @#6%%*,8)(*0#*,@*G*,0/5,@*(66#@*#*,@*/*#(66#@*#H=*03,5,'v2*%5@*#U8#@0PLP*@*)5#0L*, U*25,@*#-P*,5@*#@HS88#**,(66#@*#G5%*,-*#/'*%8-0*,@**260/5,NL,(6-/*-0,>-25-0*,HS88#**, /*#(66#@*#NL,-*#/'*%8-0*,*/*,**,-%8-0*,@*@#6%%*,8)NL,#*,@*G*,0H=*0#*,@*G*,0/5,@* /*#(66#@*#-0550@6-8,@*#@#6%,55#G50*@*-*#/'*%8-0*,(8>*#U8#@*,H &*#/'*%8-0*,X(66#)#LN*, =66#)#L-F rkecwo &*#/'*%8-0*,F recwo 408**6Y Z[SSL\ m8-0*,=66#@*#f riccwo \,%8G-0*,S*#(66#@*#F rkecwo Tabel 10 Voorbeeld uitwerking financiele relevantie (eigen bewerking) ]6[^_J6\]7\I 1*@#6%8)(*0#*,@*G*,0/5,)5#0L*,U8#@0>#80*#8)(*0G8G*,0@50G*,3b*@3**-53-)#**%0*,*#@6- @88#(66#@*#G55#D/5-0P*@#5>U8#@0P*0552@H\,P8/*,-055,@-'(*G5-@0U**#>*>*/*,G*0**, /88#P**2@P*#*%*,,>H=*#,NL,@*/*#-'(22*,@*8)/500,>*,/88#@*/*#(66#@*#*,(66#@*#@6@*2L%0* N*,H V5G*2L% (*0 8G255> P#*,>*, /5, @* %8-0*,H h5,,**# @* -*#/'*%8-0*, 25>*# NL, (86@0 **, /*#(66#@*#G**#,%8G-0*,8/*#*,@6-**,P*0*##*,@*G*,0HS88#@*(66#@*#@088%**,/*#P*0*#,> 8G@50(L,8>G55#DP*@#5>(8*30530*#*%*,*,*,N'(,*0G**#P*N>(8*300*(86@*,G*0**,/88#-'(80 "#%#&"'(%")#**'""#+,#-+,#.,/0*/,"1%%'1*./2%"&",2"#*'"#3'"/*,4"'."#1*./2%"&5*#*2"'.& &

*,**,53#*%*,,>H=*0-@6-/88#N8U*2(66#@*#52-/*#(66#@*#/5,P*25,>8G@*-*#/'*%8-0*,255>0* (86@*,WN8@50(*0#*,@*G*,0(88>P2L30H=*03,5,'**2%5@*#PL@*-*#/'*%8-0*,->#880W*,-/5,,/28*@ 8)(*0P*@#L3-#*-620550/5,)5#0L*,H _\`[8EIXB@B\E =*0-@55#8GPL@*-*#/'*%8-0*,-0**@-P*25,>#L%*#*#/88#0*N8#>*,@50*#**,L6-0*P525,-U8#@0 >*/8,@*,, >*2*/*#@* %U520*0, #*250* 080 @* %8-0*,H =*#PL - 0*/*,- @* ]CXBC #*>*2 /5, T5#*08 P*25,>#L%8G%8-0*,*,%U520*0530*U*>*,HS55%%8-0(*0,5G*2L%G55#BCc*,*#>*8G/5,**,B**,] 0*G5%*,WG55#%8-0(*0]Cc*,*#>*8G/5,**,]**,DC0*G5%*,dm8'(WBCDDfH4-'552>*N*,(**30@0 /88#O*,,5@*2*,H55,>*N*,PL%8-0*,*,8)P#*,>-0*,5,@*#*3-'52*#*>*2->*2@*,W-(*0,P*)552@* >*/522*, /88#@*2>*# 8G **, P*0*# #*,@*G*,0 0* (*PP*, *,, 5,@*#* -0650*- - (*0 3-'552 >*N*, /88#@*2>*#8G**,25>*##*,@*G*,00*(*PP*,Hh*0O*,#*>*2>*/,>/*#5,@*#0-,*28)@0>*P*@H=*0-/5, P*25,>8G@0/88#**,3b*@3**G*0P*0#*%%,>080(66#25-0*,*,-*#/'*%8-0*,@6@*2L%60**,0*N*00*, *, @0 - **, 55,P*/*2,> /88# @* G5#%0 8G (*#8/*# **, -05,@)6,0, 0*,*G*,H RL **, 3b*@ 3** -*#/'*%8-0*,G*0(8@*G8*0U*2**,@6@*2L%/*#-'(2U8#@*,>*G55%006--*,522O,(6#*,*,3b*@3**-HRL 522O,(6#*,NL,@*-*#/'*%8-0*,PL@*(66#)#L-,P*>#*)*,WPL3b*@3**U8#@0**,/5-0P*@#5>55, -*#/'*%8-0*,,55-0@*(66#)#L-53>*-)#8%*,H=*0-@55#,55-0/5,P*25,>8G55,0*>*/*,U50(*055,@**2 -*#/'*%8-0*,-0*,8)N'(0*/5,@*(66#)#L-H=*0*33*'0/88#**,/*#(66#@*#->#80*#@5,/88#**, (66#@*#H "*, /*#(66#@*# >550,5G*2L% PL **, 522O, (66# 60 /5, **, (8>*#* (66#)#L- d,'26-*3 -*#/'*%8-0*,f0*#UL255,NL,%8-0*,(8>*#U8#@*,dP*052*,/5,55,@**2-*#/'*%8-0*,fHS88#**,(66#@*# P2L30@0*'(0*#G,G552W55,>*N*,NL,(66#*,-*#/'*%8-0*,WP*@*,%8-0*,NL,H 3.5 Analyse van typen servicekosten S82>*,-S*#G*62*,dBCDCf%6,,*,@*-*#/'*%8-0*,%6,,*,,@*>*(*2*/5->8*@G5#%0>#83U*>U8#@*,,>*@**2@,N*/*,(883@%8-0*,)8-0*,W0*U*0*,dS*#G*62*,<h*G5,WBCDCW)HBCKfF DH 5@G,-0#50*%8-0*, BH *,*#>*%8-0*,d,'26-*3U50*#f jh,>*(66#@*@*,-0*, JH 8,@*#(86@-'8,0#5'0*, EH (*33,>*,*,P*25-0,>*, KH /*#N*%*#,>*, ih @/*#-*, \,PL25>*B-/*#@*#8,@*#-'(*@>*G55%08/*#U55#@*N*%8-0*,/82>*,-S*#G*62*,dS*#G*62*,< h*g5,wbcdcw)hbckf60p*-055,h &T"Q\4\"m"&\+.9+\"&R\Ah\Vm"gQ"V+;9 RL **, 55,052-0650*-W *, -)*'3*% PL U,%*2'*,0#5W /#5>*, @* -*#/'*%8-0*, #**@- 8G 55,/622*,@* 53-)#5%*,H1*N*53-)#5%*,NL,/88#,5G*2L%/5,08*)5--,>PLG62036,'08,*2*'8G)2*b*,W'8GG*#'*2* 53-)#5%*,*,P,,*,/-P60*,U,%*2-dS*#G*62*,<h*G5,WBCDCW)HBDCfF RA704/,<0#;/,%#"4";%5=4"D"#? h5,,**#*#-)#5%*-/5,**,g62036,'08,**2'8g)2*bu8#@*,@*%8-0*,/55%/*#@*#>*-)*'3'**#@@88# @*55,U*N>(*@/5,U,%*2-W%5,08#*,WU8,,>*,*,)5#%*#*,*,U8#@*,@*N*/*#@**2@8/*#@*/*# %8-0*,@#5>*#-H=*0-@55#PLG8>*2L%@50*#88%/*#@**2-2*60*2-U8#@*,>*G55%08/*#U*2%*%8-0*,@#5>*# 55, U*2%* %8-0*,)8-0 PL N52 @#5>*,W U5,0 PL/88#P**2@ @* 230 /5,60 @* )5#%**#>5#5>*,55# (*0 U,%*2'*,0#6G-0550/88#P*@*8,@*#@*2*,,@*,-0H",-'(88,G55%/88#**,52>*G*,*)5--5>*@*88% >*2@0/88#@*U8,,>*,*,%5,08#*,WN5288%8/*#@*U8,,>*,*,%5,08#*,/*#@**2@G8*0*,U8#@*,H =*#@88# G8*0*, *# 88% G**#@*#* d2**- (*#F /*#f -*#/'*%8-0*,P*>#80,>*, *, 53#*%*,,>*, U8#@*, >*G55%0G*0522*#2*/*#-'(22*,@*/*#@**2-2*60*2-dS*#G*62*,<h*G5,WBCDCW)HBDCfH SAF%55"';,"4"*<.='*)"#? RL'8GG*#'*2*53-)#5%*,G*0N8>*(*0*,Z5,'(8#0*,5,0-[%8G0(*0-0**@-/5%*#/88#@50*#88%53-)#5%*, U8#@*,>*G55%08/*#(*02G0*#*,*,G5bG52-*#*,/5,@*-*#/'*%8-0*,HS**252NL,@0>#80*#*(66#@*#-W N852--6)*#G5#%0*,W>#80**2*'0#8,'5N5%*,*,>#80*G8@*%*0*,-H1*N*Z5,'(8#0*,5,0-[(*PP*,**,-0**@- >#80*#*G5'(0,@*(6@>*G5#%0*,%6,,*,@55#8G/5,@*/*#(66#@*#*-*,@50NLG55#**,P*)552@ P*@#5>55,(66#25-0*,*,-*#/'*%8-0*,U22*,P*052*,WPL/88#P**2@@50(LG5bG552rECCWO)*#GBU2 "#%#&"'(%")#**'""#+,#-+,#.,/0*/,"1%%'1*./2%"&",2"#*'"#3'"/*,4"'."#1*./2%"&5*#*2"'.& "&

P*052*,/88#(66#*,-*#/'*%8-0*,H"#U8#@0,@*G5#%0/88#@*N*(66#@*#-88%U*2**,-0533*2>*G55%0 8)P5--/5,U55#60NLPL@#5>*,55,@*-*#/'*%8-0*,H"*,/88#P**2@F C^ECCGBF522*-*#/'*%8-0*,U8#@*,P*0552@ ECC^DCCCGBFECc/5,522*-*#/'*%8-0*,U8#@*,P*0552@ DCCC^DECCGBFBEc/5,522*-*#/'*%8-0*,U8#@*,P*0552@ zdeccgbf>**,-*#/'*%8-0*,u8#@*,p*0552@h 1*'8,-*k6*,0*(*#/5,-@50@*>#80*(66#@*#-W/55%88%@*>#880-0*>*P#6%*#-*,/*#/62*#-W*#, /*#(86@,>(*0G,-0/88#P*052*,H10/*#-'(2N52>*@#5>*,G8*0*,U8#@*,@88#@*8/*#>*W/55%%2*,*#*W (66#@*#-83@88#@*/*#(66#@*#Hh5,,**#@*%8-0*,U8#@*,/*#@**2@8/*#@*8/*#>*(66#@*#--/55%(*0 5#>6G*,0@50@*%2*,*(66#@*#*#P550PL(**30@50@*>#80*(66#@*#*/*,**,-,(*0'*,0#6GN0*,@50NL @55#8G@55#55,G**G8*0*,P*052*,dS*#G*62*,<h*G5,WBCDCW)HBDCfH TAX,##"#1.A>0,/"#+,#)"4. 9,@*#*'8GG*#'*2*53-)#5%*,%6,,*,NL,@50*#PLU,%*2'*,0#588%6,0-NL,@*55,@*P60*,%5,0/5, (*0'*,0#6G2>>*,W*,@55#@88#>**,83,G,@*#*G50*>*P#6%G5%*,/5,@*'822*'0*/*2*/*#,>*,*, @*,-0*,/88#@*U,%*2-,(*0'*,0#6GHS88#@*N*U,%*2-G8*0*,5)5#0*/*#@**2-2*60*2-8)>*-0*2@@* #*'(0@8*,55,@50/*#-'(2,>*P#6%/5,@*2*/*#,>*,*,@*,-0*,dS*#G*62*,<h*G5,WBCDCW)HBDCfH M) P5-- /5, @*N* )5#5>#553 NL, @* /82>*,@* -*#/'*%8-0*,)8-0*, >*@*3,**#@W U*2%* 0*/*,-, **, -05,@55#@*,6,38#G*-*#/'*%8-0*,53#*%*,,>,55#/8#*,G8*0*,%8G*,F m8-0*,)8-0*,-*#/'*%8-0*,53#*%*,,> DH 9@G,-0#50* BH "2*%0#5 jh?5- JH =6-G**-0*# EH d#*>62*#f&'(88,g55% KH S62/*#U*#%,> ih M,>*@*#0*P*-0#L@,> ]H R*/*2>,>*,-6#/*225,'* ph R#5,@P*/*2>,> DCH &)#,%2*#,-052250* DDH g30*, DBH ;820#5))*, Dj d5608g50-'(*f+8*>5,>-@*6#*, DJH M/*#>*0*'(,-'(*,-052250*-d-)*'3'50*,88@N5%*2L%f DEH M/*#>*)8-0*,d-)*'3'50*,88@N5%*2L%f Tabel 11 Opsomming kostenposten servicekostenafrekening (eigen bewerking) MS";\?"TM&+"VdS*#G*62*,<h*G5,WBCDCW)HJCif RA#"'2,""#+*/"'5*#*2"5"#/ =*0*,*#>*G5,5>*G*,0-/82>*,-"/*#-dS*#G*62*,<h*G5,WBCDCW)HJCif **,'8,0,6)#8'*-/5,F \,/*,05#-*#*,F B44"*.=";/"#&,">"/'")),#2:">>"#%=:"/2">'0,)1*#"#"'2,">,##"# ""#2">%0+5%"/"#+%'&"#2",#1"#/*',.""'&A :*0*,F ],/2**/%5:"/5"/"#1*#2*.-3+*/"'-3"#"4")/'*1"'>'0,)*4.%%) %5&"'"&0;/,"1*#F_S0,/./%%/A ;*>-0#*#*,F 6"2,./'"'"#1*#&"5"/,#2"# S*#P*0*#*,F _= >*.,. 1*# &" 0,/)%5./"#,# &" 1%%'2**#&" <*."# )0##"# Figuur 28 Cyclus correct ct en efficient energymanagement (Evers, 2010) 1"'1%42"#.1%%'./"44"#1%%'1"'>"/"',#2"#+%'&"#2"&**#A "/52652*#*,F c,v#&">".=*',#2"#&**&+"')"4,v)2"'"*4,.""'&a SA^4",#&*2"4,V).%#&"':%0& RL 8,@*#(86@ *, #*,8/50* >550 (*0 /88#,5G*2L% 8G /*# )#,')* 5-)*'0*, @* (*0 %2*, @5>*2L%- 8,@*#(86@%6,,*,/*#@66#N5G*,dS*#G*62*,<h*G5,WBCDCW)HJCifH=*0>550(*#PL8GF 1*>*P#6%0*G50*#52*,F U">'0,)1*#&00'(*5"5*/"',*4"#"#2""#.;:*&"4,V)"5*/"',*4"#%<./%<<"#A "#%#&"'(%")#**'""#+,#-+,#.,/0*/,"1%%'1*./2%"&",2"#*'"#3'"/*,4"'."#1*./2%"&5*#*2"'.& "&

:8>*2L%(*@*,080(*#>*P#6%F F%#/'%4""'%=5%2"4,V):"&"#5"/>"/'")),#2/%/:"'2">'0,)1*#5*/"',*4"#"#&"'2"4,V)"A ;*-0)#8@6'0*,*,53/52F _=""#V0,./"5*#,"'%52**#5"/'"./='%&0;/"#"#*<1*4A^0##"#&"("5%2"4,V)+%'&"#2"'";9;4"&K Q8GG6,'50*G*0(66#@*#- TAB<1*41"'+"'),#2 1* 53/52/*#U*#%,> - */*,**,- **, )8-0 @*, -*#/'*%8-0*, PL U,%*2'*,0#5 /88#%8G0H 1* /5-0>8*@G5,5>*#%5,**,53/52G5,5>*G*,0-7-0**G,N*00*,@502*@0080**,*33'0*,0W*33*'0*/*#**, @66#N5G*/*#U*#%,>/5,53/52H=*053/52,N5G*2*,8)**,@66#N5G*G5,*#'#*v*#0G**#P*U6-0NL,PL @*(66#@*#-H:*05,@*#*U88#@*,W@0-**,>8*@*-05),@*#'(0,>/5,-*#/'*%8-0*,P*-)5#,>*,*, @66#N55G(*@*,-(*0,@50%5@*#@6-**,ZU,OU,[-0650*H ba8#)%%=5*#*2"5"#/1*#%#&"':%0&.;%#/'*;/"#"#&"'2"4,v)" =*0>8*@,%8)*,/5,2*/*#,>*,*,@*,-0*,-*--*,0**2/88#@*P*(**#-,>/5,@*-*#/'*%8-0*,H jhk 9,527-*/5,@*/*#-'(22*,@*-*#/'*%8-0*,G*0(8@*, \,@*/82>*,@*)5#5>#53*,U8#@*,@*@#*/*#-'(22*,@*-*#/'*%8-0*,G*0(8@*2*,'HkHG*0(8@*,60**, >*N*0H1*/*#-'(22*,@*G*0(8@*,NL,F 1*(6@>*-*#/'*%8-0*,G*0(8@* 1*3b*@3**-*#/'*%8-0*,G*0(8@* 1*#-'8)5#0')*#*,@-*#/'*%8-0*,G*0(8@* S5,*2%*G*0(8@*U8#@0**,602*>>*>*/*,8/*#(*0G8@*2*,U8#@*,@*/88#O*,,5@*2*,/5,@*(66#@*#W /*#(66#@*#*,/5-0>8*@G5,5>*#,5@*#08*>*2'(0H Servicekostenmethoden Huidige servicekostenmethode Fixed Fee - methode Partnership - methode Randvoorwaarden / SWOT analyse Randvoorwaarden / SWOT analyse Randvoorwaarden / SWOT analyse voordelen nadelen voordelen nadelen voordelen nadelen Figuur 29 Analyse servicekostenmethoden in Nederland (eigen bewerking) 155#,55-0-,PL25>*J/5,@08,@*#N8*%**,60>*P#*@*60**,N*00,>>*>*/*,G*0P*0#*%%,>080@* /*#-'(22*,@*-*#/'*%8-0*,G*0(8@*,W/88#O*,,5@*2*,)*#5'08#W**,&hM+5,527-*)*#G*0(8@**,@* #5,@/88#U55#@*,*,#-'8[-)*#G8@*2H RA]":0,&,2"."'1,;")%./"#5"/:%&" RL@*(6@>*-*#/'*%8-0*,G*0(8@*8,0P#**%0(*0/88#,5G*2L%55,0#5,-)5#5,0*,(*0)#8'*-*,@* 53#*%*,,>H150->**,>8*@*G50'(PL(*0/822*@>*#-'8@50**,(66#@*#PL@0G8@*2@#55>0H"#G8*0 @55#8G55,@5'(0%8G*,/88#F :**#0#5,-)5#5,0*8G0#*,0@*53-)#5%*,8/*#@*2*/*#,>*,*,@*,-0*,n :**#0#5,-)5#5,0*,@*53#*%*,,>W@88#P*25-0,>*,602*>/5,@*%8-0*,)8-0*,n "*,G**#6,38#G**,-05,@55#@53#*%*,,>G*0/5-0*%8-0*,)8-0*,*,@6@*2L%*8G-'(#L/,>n S5-02*>>*,/5,8,@*#@*2*,*,53-)#5%*,,@*2*/*#,>*,*,@*,-0*,,**,@*G5#'50*2L-0n S5-0>*-0*2@*53#*%*,0*#GL,WPL/88#P**2@P,,*,j080G5bG552KG55,@*,,553288)/5,(*0L55#n =*0P*@#5>55,08,*,*,8,@*#P86U*,G*0'8,0#5'0*,8G@*)#L-X%U520*0/*#(86@,>0*08*0-*,n :8>*2L%(*@*,080'8,0#82*/5,*b0*#,*W8,53(5,%*2L%*)5#0L*,n?8*@*dL6#@-'(*f/5-02*>>,>,@*(66#8/*#**,%8G-0WP*(**#8/*#**,%8G-0*,,%88)'8,0#5'0*,n =*0 (6@>* -*#/'*%8-0*,)#8'*- G8*0 /88#,5G*2L% 8) P8/*,>*,8*G@* )6,0*, U8#@*, 55,>*)5-0 *, 60>*P#*@WU2(*0*#08*2*@*,@50*#G,@*#U#L/,>,@*G5#%0-*,)5#0L*,G**#/*#0#86U*,%#L>*,, "#%#&"'(%")#**'""#+,#-+,#.,/0*/,"1%%'1*./2%"&",2"#*'"#3'"/*,4"'."#1*./2%"&5*#*2"'.& "&

**, L6-0* *, '8##*'0* -*#/'*%8-0*,53#*%*,,>H R8/*,@*, N86@*, @*N* 53-)#5%*, /5-0>*2*>@ G8*0*, U8#@*,, **, @6@*2L%* 2*@#55@W U55#55, )5#0L*, N'( '8,3#G*#*, *, @* 0*/*,- @88# @* P*25,>*,8#>5,-50*-U8#@060>*#82@*,>*@#5>*,H922**,@5,%5,*#G**#@#55>/25%8,0-055,*,/8*2*, )5#0L*,**#@*#@*,88@N55%8GN'(@55#55,0*'8,3#G*#*,H SAO,D"&<""."'1,;")%./"#5"/:%&"? RL(*03b*#*,/5,@*-*#/'*%8-0*,G8*0#*%*,,>U8#@*,>*(86@*,G*0@*P*25,>*,/5,@*5'08#*,H10 P*0*%*,08,@*#5,@*#*F S88#530#5,-)5#5,0**,,N'(0/*#%#L>*,,(*0>*3b**#@*P*@#5>n =*0P*@#5>55,08,*,*,8,@*#P86U*,G*0'8,0#5'0*,8G@*)#L-X%U520*0/*#(86@,>0*08*0-*,n 1*)#L-X%U520*0/*#(86@,>G*0@*U,%*2*#-/*#*,>,>X(66#@*#-53/55#@>,>/5-0-0*22*,n 1*,%88)%#5'(0*,N88)0G552G8>*2L%P*,600*,8G-'(552/88#@*2*,0*P*(52*,n h,-0@*2,>*,p*-)#**%p55#g5%*,*,@6@*2l%/5-02*>>*,n M)-25>/88##-'8@*%%,>0#5,-)5#5,0G5%*,n :8>*2L%(*@*,080'8,0#82*/5,*b0*#,*W8,53(5,%*2L%*)5#0L*,n?8*@*dL6#@-'(*f/5-02*>>,>,@*(66#8/*#**,%8G-0WP*(**#8/*#**,%8G-0*,,%88)'8,0#5'0*,n S5-02*>>*,/5,%U520*0@88#G@@*2/5,8)-0*22*,/5,mT\[-n Q#***#*,/5,**,P*,'(G5#%G*0>8*@**,/52@*>*>*/*,-n _8#>*,/88#**,0L@>*53#*%*,,>*,8,@*#P86U*,83*#>*2@0*#6>/28*083,*0n S5-02*>>*,/5,%U520*0/5,@*@*,-0*,*,-*#/'*-*,53-)#5%*,G*0@*/5-0>8*@G5,5>*#H "*,/5,@*P*25,>#L%-0*)6,0*,@*U*#@P*,5@#6%0,@*,0*#/*U--@50(*0/88#P*2*>>*#-dG*0**,4R\O -0506-o4-'52*R*2*>>,>-\,-0*22,>f,*0-08*>*-055,8G(*03b*@O3**-7-0**G08*0*)5--*,H4-'52-0*, >*/*,55,@50G*,,@50>*/5255,(*08,@*#,*G*,-*,,*0G**#55,(*0P*2*>>*,H=*#/88#N86**, #62,>/5,@*P*25-0,>@*,-0G8*0*,%8G*,HR8/*,>*,8*G@*NL,,>#*@v,0*,8G(*0)#8'*-0*250*, -25>*,*,(*088%,>8*@*P5,*,0*2*@*,H155#,55-0N52(*0/88#,5G*2L%/5P*25,>*,8#>5,-50*->*@**20 G8*0*,U8#@*,8G(*0,@*G5#%0P#*@*#600*@#5>*,H 155#,55-0-(*03b*@3**G8@*2/88#@*/5-0>8*@G5,5>*#**,G**##-'8/822*55,)5%H=*0-@55#8G P*25,>#L%8G52-/5-0>8*@G5,5>*#>8*@*53-)#5%*,0*G5%*,G*0@*/*#(66#@*#*,(66#@*#8G0#*,0F =88>0*/5,(*0>*3b**#@*P*@#5>*,55,)5--,>/5,(*0P*@#5>n \,@*b50*g8>*2l%(*@*,/5,(*0>*3b**#@*p*@#5>n S5-02*>>*,U*2%*2*/*#,>*,*,@*,-0*,U*2*,X83,*0/522*,8,@*#(*0>*3b**#@*@**2n =8*>550G*,8GG*0U,-0@*2,>83/*#2*N*,U5,,**#@*P*@#5>*,25>*#83(8>*#60/522*,n S5-02*>>,> /5, 53-)#5%*, 8G0#*,0 U5#G0*O *, *2*%0#'0*0-2*/*#,>*, *, @* +*'5/"+"/ d;l%-8/*#(*@wbcdjpf@*-,@-dl5,65#bcdj/*#)2'(0->*-0*2@n S5-02*>>,>/5,@*-)20-,>06--*,-*#/'*%8-0*,'822*'0*3*,,@/@6**2n S*#>8*@,> /5, @* /5-0>8*@G5,5>*#W (*0 U8#@0 GG*#- **,,*6U G8@*2W @6- @* /5-0>8*@G5,5>*#G8*0G8>*2L%NL,/*#@*,G8@*2@55#8)55,)5--*,n 1*055%8G-'(#L/,>/5,@*/5-0>8*@G5,5>*#n*#G8*0*,@6@*2L%*53-)#5%*,U8#@*,>*G55%0 8/*#@*0*P*052*,P*@#5>*,WU,-0@*2,>*,WG5,*#/5,53#*%*,*,83P*>#80*,W*0'*0*#5n?8*@**,@6@*2L%*53-)#5%*,G5%*,8G0#*,0#-'8@*2,>*,/*#>8*@,>H RL@*3b*@3**G*0(8@*G8*0U*2**,@6@*2L%/*#-'(2U8#@*,>*G55%006--*,522O,(6#*,*,3b*@3**-H RL522O,(6#*,NL,@*-*#/'*%8-0*,PL@*(66#)#L-,P*>#*)*,WPL3b*@3**U8#@0**,/5-0P*@#5>55, -*#/'*%8-0*,,55-0@*(66#)#L-53>*-)#8%*,H=*0-@55#,55-0/5,P*25,>8G55,0*>*/*,U50(*055,@**2 -*#/'*%8-0*,-0*,8)N'(0*/5,@*(66#)#L-H TA]"',.,;%=*'/,;,="'"#&"."'1,;")%./"#5"/:%&" =*0#-'8)5#0')*#*,@*/5-0>8*@G8@*2-,8>**,#*250*38,P*%*,@G8@*2,@*G5#%0H=*0-G*@* 8,0-055,@88#8,@*#N8*%/5,"@&'(8*,G5%*#-*,h22*Gm**#-d"H&'(8*,G5%*#-<m**#-WBCDDfWNL (*PP*,8,@*#N8*%>*@55,,55#@*(552P55#(*@/5,**,@*#>*2L%G8@*2HRL(*0#-'8)5#0')*#*,@8G>55, G*0@*-*#/'*%8-0*,U8#@0@*/5-0>8*@G5,5>*#88%**,#-'8@#5>*#-5G*,G*0@*/*#(66#@*#H=*0-/5, P*25,>8G@55#8/*#@6@*2L%*53-)#5%*,0*G5%*,F S88#530#5,-)5#5,0**,,N'(0/*#%#L>*,,>*3b**#@*P*@#5>n =*0P*@#5>55,08,*,*,8,@*#P86U*,G*0'8,0#5'0*,8G@*)#L-X%U520*0/*#(86@,>0*08*0-*,n "#%#&"'(%")#**'""#+,#-+,#.,/0*/,"1%%'1*./2%"&",2"#*'"#3'"/*,4"'."#1*./2%"&5*#*2"'.& "&

1*,%88)%#5'(0*,*,-'(552/88#@*2*,8)0G552P*,600*,8GN8-'(552/88#@*2*,0*P*(52*,n =*0G8@*2G8*0/88#@*2*,8)2*/*#*,/88#522*)5#0L*,U2@0G8@*2>*G)2*G*,0**#@U8#@*,n =8*G*,G8*08G>55,G*02**>-05,@W3522--*G*,0/5,(66#@*#-W*,@*#>*2L%*n M)-25>/88##-'8@*%%,>0#5,-)5#5,0G5%*,n?8*@*dL6#@-'(*f/5-02*>>,>,@*(66#8/*#**,%8G-0WP*(**#8/*#**,%8G-0*,,%88)'8,0#5'0*,n S5-02*>>*,/5,%U520*0@88#G@@*2/5,8)-0*22*,/5,mT\[-n?8*@*53-)#5%*,G5%*,8G0#*,0#-'8@*2,>W/*#>8*@,>W*0'H,@*P*(**#8/*#**,%8G-0n _8#>*,/88#**,0L@>*53#*%*,,>*,8,@*#P86U*,83*#>*2@0*#6>/28*083,*0n mu520*0/5,@*>*2*/*#@*@*,-0*,*,-*#/'*-*,@*/5-0>8*@g5,5>*#h 155#,55-0-(*0/5,P*25,>8G**,>8*@*055%8G-'(#L/,>/5,@*/5-0>8*@G5,5>*#/5-00*-0*22*,*,N52 @*/*#>8*@,>/5,@*/5-0>8*@G5,5>*#55,>*)5-0G8*0*,U8#@*,H=*0U8#@0GG*#-**,,*6UG8@*2W @6-@*/5-0>8*@G5,5>*#G8*0G8>*2L%88%NL,P6-,*--G8@*2@55#8)55,)5--*,H M)P5--/5,@08,@*#N8*%*,@*/*#%#*>*,%*,,--/5,*2%G8@*2**,&hM+O5,527-*>*G55%0U55#,@* %#5'(0*,W NU5%0*-W %5,-*, *, P*@#*>,>*, /5, *2%* G*0(8@* NL,,**#>*N*0H 1*N* 5,527-* - 0*2%*,- 8)>*P86U@/5,60(*0/88#>55,@*,@*)5#5>#553->*-'(*0-0*,U508,@*#5,@*#*60@*,0*#/*U-,55# /8#*,->*%8G*,H\,@*&hM+O5,527-*U8#@*,8,@*#@*-0*#%0*-*,NU5%0*-@*)6,0*,/*#-055,@* #*'(0-0#**%-P*0#*%%,>(*PP*,8)@*>*-'(*0-0*G*0(8@*HM,@*#%5,-*,*,P*@#*>,>*,NL,)6,0*, 8)>*,8G*,@*,8>,5@*#8,@*#N8'(0G8*0*,U8#@*,W@5,U*2U55##*%*,,>G**G8*0U8#@*,>*(86@*, 0L@*,-(*0>*P#6%83G)2*G*,050*/5,(*0-7-0**GH.0@*&hM+O5,527-*U8#@0>*'8,'26@**#@(8*(*0 -*#/'*%8-0*,-7-0**G%5,U8#@*,>*G)2*G*,0**#@*,(8*(*0-7-0**G-6''*-/82%5,NL,d1H@*S#*-W BCDCfH=*#PLG8*0*,@*/82>*,@*)6,0*,,5'(0U8#@*,>*,8G*,F 1*-0*#%0*-/5,@*G*0(8@*G8*0*,P*(86@*,P2L/*,n 1*NU5%0*-G8*0*,U8#@*,8G>*P86U@,55#-0*#%0*-n m5,-*,g8*0*,>*yg)2*g*,0**#@u8#@*,,@*g*0(8@*n R*@#*>,>*,G8*0*,,>*'52'62**#@U8#@*,*,#-'8[-G8*0*,N8255>G8>*2L%NL,H =*#60U8#@*,@*'8,'26-*->*0#8%%*,G*0P*0#*%%,>080@*/88#O*,,5@*2*,*,#5,@/88#U55#@*,/88# *@*#-7-0**GH1*@#*-7-0*G*,G*0@*/88#*,,5@*2*,)*#5'08#NL,,8,@*#-055,@*G50#b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d@*S#*-WBCDCfn O"33'v,0*#*5@G,-0#50*W'8,0#82**,P*052,>*,P,,*, @*P*0#*33*,@*53@*2,>H=*0-G5%%*2L%*# /88#(*0P6@>*00*#*,d(66#e-%-5G*,fH OR*@0G8>*2L%(*@*,G*0P*0#*%%,>080(*08)N*00*,/5, &g9d&*#/'*g*/*29>#**g*,0f8g%u520*00*g*0*, O;-'8@50>*P8@*,-*#/'*,*0>8*@-*,8,/82@8*,@* %U520*0(**30H10#-'8%5,U8#@*,53>*@*%0@88#(*0 53@U,>*,/5,**,>8*@*&g9d&*#/'*g*/*29>#**G*,0f d@*s#*-wbcdcfn O V*0 0#5,-)5#5,0 @88# >*P#*% 55, 8,@*#P86U,> *, /*#@*),>H OS*#(66#@*#%5,%8#0,>>*/*,8)-*#/'*%8-0*,,)2550- /5,(*0>*/*,/5,(66#%8#0,>d8))5--*,/88#P525,-fn O:8>*2L%*P*-)5#,>*,%6,,*,U8#@*,>*P#6%0/88#,/*-0*#,>*,,(*0>*P86UWU55#@88#@* %U520*0,8>G**#N52/*#P*0*#*,n O=*0-**,0#>>*#8G*33'v,0*,-'(*#),0*%8)*,H O;-'8@50/*#>8*@,>,*0@*%%*,@-n -,*>50*3/88#@*P525,-/5,/*#(66#@*#n8,L6-0*P525,- 06--*,,%8G-0*,d(66#e-%f*,(8>*#*60>5/*,d-%f -:8*0L6#@-'(/5-0>*2*>@U8#@*,*,@6@*2L%NL,U55# @*/*#5,0U88#@*2L%(*@*,2>>*,H O=*0-**,0#>>*#8G*33*'0*3*,*33'*,0,0*%8)*,n OS5-0>8*@G5,5>*#-P*0*#,-05508G**,N8/88#@*2> *'8,8G-'()5%%*0-5G*,0*-0*22*,n O=L(8*30,*025,>*#**,53#*%*,,>0*G5%*,U5,0522*-- #**@-P*0552@d@*S#*-WBCDCfn OR*@0%5,-*,/88#@*8,0U%%*2,>/5,**,P*,'(G5#% @88#/5-0*%8-0*,H O"#%5,/*#U5##,>8,0-055,@88#G)2*G*,050*/5,G**# -7-0*G*,)/6,38#G-7-0**Gn OdP*-055,@*f'8,0#5'0*,d(66#8/*#**,%8G-0*,W 8,@*#(86@-'8,0#5'0*,*,P*(**#8/*#**,%8G-0*,f G8*0*,U8#@*,(*#N*,n O#-'8/*#@*2,>06--*,/*#(66#@*#W(66#@*#*, /5-0>8*@G5,5>*#U55#PL(*0#-'8-@50/*#>8*@,>,*0 @*%%*,@-/88#/5-0>8*@G5,5>*# Tabel 12 Matrix voor- en nadelen per servicekostenmethode (eigen bewerking) O =66#@*# @#55>0,*0 G**# 52**, #-'8H ;-'8 U8#@0 >*-)#*@ 8/*# /*#(66#@*# *, /5-0>8*@G5,5>*# OP*0*#*%8-0*,P*(**#-,>*,%U520*0-P*(86@ O=**30>**,/*#-'(2,%8-0*,X53#*%*,,>/88# (66#@*#W0*,NL(*0>*@**20*2L%>*3b**#@U8#@0 O;-'8@50>*P8@*,-*#/'*,*0>8*@-*, 8,/82@8*,@*%U520*0(**30H10#-'8%5,U8#@*, 53>*@*%0@88#(*053@U,>*,/5,**,>8*@*&g9 d&*#/'*g*/*29>#**g*,0fn O?*,0*>#**#@ 55,P*@*, /5, @*,-0*, *, @*#>*2L%*n O&7,*#>*/88#@*2*, -mu520*0(88>(86@*, O1#55>0N*2388%#-'8 -V*0G**#522**,N*23P*-2--*, OR*@0-7,*#>*/88#@*2*, -;-'8U8#@0>*-)#*@ O=**3088%,/28*@8))5%%*0/5,2*/*#,>*,*, @*,-0*, OR*@0G8>*2L%(*@*,8G@*,-0/*#2*,,>0*,,8/*#*, O1#55>0N*2388%#-'8 OG8*0G**#,8/*#2*>G*0/*#(66#@*#53-0*GG*, d'8,0#5'0*#*,/5,)5#0l*,wg5,5>*,/5,)5#0l*,w *0'Hf "#%#&"'(%")#**'""#+,#-+,#.,/0*/,"1%%'1*./2%"&",2"#*'"#3'"/*,4"'."#1*./2%"&5*#*2"'.& "&

155#,55-0NL,@*/*#-'(22*,@*&hM+O5,527-*-)*#G*0(8@*60**,>*N*0,8,@*#-055,@*G50#bF Y0,&,2"5%&"4 O,D"&<""5%&"4 6,.,;%=*'/,;,="'"#&5%&"4 m#5'(0*, d-0#*,>(0-f m5,-*, d8))*#06, 0*-f _U5%0*- du*5%,*-- *-f R*@#*>,> *, d0(#*50-f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d@#*'0*f,/28*@8)@*-*#/'*%8-0*,h OV*0520L@@6@*2L%U*U*2%*%8-0*,G8*0 @#5>*, O93#*%*,,>%8G0)5-U5,,**#@*P8*%*,52 >*-280*,NL, O=66#@*#G8*0/*#0#86U*,8) /*#(66#@*#X/5-0>8*@G5,5>*#8G0#*,0@*%8-0*, O#-'8/*#@*2,>06--*,/*#(66#@*#W(66#@*#*, /5-0>8*@G5,5>*#>550,@*(6@>*G5#%0 G8>*2L%/*#-'(6/*, O0L@>53#*%*,*,P2L%025-0>/5,U*>*8G-25'(0>* -7-0*G*,*,(5,@*2,>*, O@*(6@>*G5#%0/*#5,@*#@U55#@88#@0-7-0**GG8>*2L%(*#N*,G8*0U8#@*,H OS55%>**,/*#>*2L%,>G8>*2L%@88#@50522* 5'08#*,d*,)5#0L*,P,,*,@*5'08#*,f*#5,@*#- G**8G>55, OS*#(66#@*#*,/5-0>8*@G5,5>*#@#5>*,0* U*,>#-'8*,(*PP*,/#L-)*2H O)#L-O%U520*0/*#(86@,> O/5-0*X>*G5bG52-**#@*)#L- OU,-0@*2,>G8>*2L%06--*,)5#0L*, O,%88)/88#@*2*,/88#*33'*,0*,*33*'0*3,%8)*,H O*'8,8G-'(/88#@*2>)5%%*0-5G*,-0*22*, OG8>*2L%*%8#0,>*,)/(66#/#Ld2*0U*28)P525,-`f O\,N'(0*2L%(*@/88#53*,P*0*#*P6@>*0#5G,> O&'(552/88#@*2*,*,G,@*#5@G,-0#50*/*(5,@*2,> OQ8,0#82*G8G*,0*,,P86U*, OM,0U%%*2*,/5,P*,'(G5#%@88#/5-0*%8-0*, OM)N*00*,/5,&g9d&*#/'*g*/*29>#**G*,0f8G %U520*00*G*0*, O/*#U5##,>@88#G)2*G*,050*/5,G**#-7-0*G*,)/ 6,38#G-7-0**G O%U520*0/5-0>8*@G5,5>*#d%25,0>*#'(0(*@*,*, )#85'0*/*U*#%,>f OL6#@-'(*/*#5,0U88#@*2L%(*@d@*S#*-WBCDCfn OV*00#5,-)5#5,0@88#>*P#*%55,8,@*#P86U,>*, /*#@*),>d@*s#*-wbcdcfn O'#***#08,L6-0*P525,-/88#/*#(66#@*#d(66#e-%52-,%8G-0*,*,(8>*#*-%55,%8-0*,%5,0f OP*0*%*,08GN*00*,/5,dP*-055,@*f,%88)O*, 8,@*#(86@-'8,0#5'0*, OP*0*%*,08GN*00*,/5,dP*-055,@*f (66#8/*#**,%8G-0*, OP*0*%*,08GN*00*,/5,dP*-055,@*f P*(**#8/*#**,%8G-0*, O#-'8/*#@*2,>06--*,/*#(66#@*#W(66#@*#*, /5-0>8*@G5,5>*#d@*S#*-WBCDCfn O;-'8@50/*#>8*@,>,*0@*%%*,@-/88#/*#(66#@*# *,/5-0>8*@G5,5>*#H O0L@>53#*%*,*,8G0*/88#%8G*,@50%8-0*,@88# *2%55#>55,28)*,,/*#-'(22*,@*P8*%L5#*,H O/88#P*2*>>*#-G*0**,4R\O-0506-d4-'52*R*2*>>,>- \,-0*22,>f-(*0,*008*>*-055,8G3b*@O3**08*0* )5--*,H:*,-@5,8,@*#,*G*#*,,*0G**#P*2*>>*#H =*#/88#G8*055,)5--,>%8G*,/5,@*R*25-0,>@*,-0 OG**##-'8@*2,>PL/*#(66#@*#*, /5-0>8*@G5,5>*# O-0G62**#0(*0@*,%*,,@*/8#G/5,@*2*/*,-'7'26- /5,/5-0>8*@ O@**2-/5-0*X>*G5bG52-**#@*)#L- OU,-0@*2,>G8>*2L% O,%88)/88#@*2*,/88#*33'*,0*,*33*'0*3,%8)*,H O&'(552/88#@*2*,WG,@*#5@G,-0#50*/*(5,@*2,> O;-'8)5#0')50*U55#PL#-'8[-U8#@*,>*-)#*@ O-0G62**#08G0*,,8/*#*,,@*N*-0**@-G**# '8G)*00*3U8#@*,@*G5#%0 OU*#%*,55,**,>8*@*)#L-O%U520*0/*#(86@,> OG**#0#5,-)5#5,0*@88##-'8-)#*@,>*,,-)#55% O/*#U5##,>@88#G)2*G*,050*/5,G**#-7-0*G*, )/6,38#G-7-0**G O(8>*%U520*0*,>8*@*U*#%,>/5-0>8*@G5,5>*#- *--*,0**2 O'8G)2*b8G@*L6#@-'(*/*#5,0U88#@*2L%(*@/5-0 0*2*>>*, OG8*0/88#@*2*,8)2*/*#*,/88#522*)5#0L*,W5,@*#- N52@0G8@*2,*0>*G)2*G*,0**#@U8#@*, O P*0*%*,0 8GN*00*, /5, dp*-055,@*f,%88)o *, 8,@*#(86@-'8,0#5'0*, OP*0*%*,0 8GN*00*, /5, dp*-055,@*f (66#8/*#**,%8G-0*, O P*0*%*,0 8GN*00*, /5, dp*-055,@*f P*(**#8/*#**,%8G-0*, O#-'8/*#@*2,> 06--*, /*#(66#@*#W (66#@*# *, /5-0>8*@G5,5>*#G8*0@6@*2L%U8#@*,8G-'(#*/*, 8GP*25,>*,/*#-0#*,>*2,>*,@-'6--*0*/88#%8G*, O,5@*,%*,8/*#(8*8G0*>55,G*02**>-055,@* 6,0-*,X83**,3522--*G*,0/5,(66#@*#-H Tabel 13 SWOT Analyse van de servicekostenmethoden (eigen bewerking) 188#522*5'08#*,W*,G*@*/5,60@*,0*#/*U-*,*b)*#0G**0,>-W%8G0,55#/8#*,@50(*0(6@>* -*#/'*%8-0*,)#8'*-08*-55,/*#,*6U,>*,*#P*0*#*53-0*GG,>8G0#*,00#5,-)5#5,0**,,N'(0,@* %8-0*,W@88#P*25-0,>W53#*%*,,>W*0'*0*#5G8*0%8G*,H188#@*#*-)8,@*,0*,U8#@*,N*%*#88%@* /88#@*2*,/5,**,8)0G52-50*/5,(*0(6@>*-7-0**G83**,G**#3b*@3**-7-0**G>*N*,Hh*2(*PP*, @*5'08#*,(6,P*@*,%,>*,PL(*03*083**,3b*@3**-7-0**G83#-'8)5#0')*#*,@-7-0**GU*#%*2L% >*G)2*G*,0**#@N52U8#@*,H10/5,U*>*@*>#80*/*#5,@*#,>*,@*(*0G*0N'(G**P#*,>0W@*/5, >#80*,/28*@NL,8)@*(6@>*-7-0*G*,*,G*0(8@*,H:8>*2L%@50**,@*#>*2L%-7-0**G52-**,)280%5, U8#@*,>*G)2*G*,0**#@*,8)@*G5,*#/*#@*#%5,U8#@*,@88#8,0U%%*2@Hh5,0(*0-7-0**G,**, %**#W,522*U,%*2'*,0#5W@88#/8*#*,-,*0G8>*2L%H155#,55-0G8*0*,*#6,38#G*#'(02L,*,U8#@*, 8)>*-0*2@@*PL@#5>*,55,G**#0#5,-)5#5,0**,,N'(0,@*-*#/'*%8-0*,)#8'*--*,H "#%#&"'(%")#**'""#+,#-+,#.,/0*/,"1%%'1*./2%"&",2"#*'"#3'"/*,4"'."#1*./2%"&5*#*2"'.& "&

3.7 Deelconclusie 1*-*#/'*%8-0*,U8#@*,-0**@-P*25,>#L%*#/5,U*>*8,@*#5,@*#*dS*#G*62*,<h*G5,WBCDCW)HBCKfF 1*/*#(86@,>/5,@*-*#/'*%8-0*,0*,8)N'(0*/5,@*0*P*052*,(66#H.0@*,0*#,*P*,'(G5#% ->*P2*%*,@50-*#/'*%8-0*,PLU,%*2'*,0#5>*G@@*2@N8[,DCcODEc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dS*#G*62*,<h*G5,WBCDCW)HBCKfDH5@G,-0#50*%8-0*,WBH*,*#>*%8-0*, d,'26-*3 U50*#fW jh,>*(66#@* @*,-0*,W JH 8,@*#(86@-'8,0#5'0*,W EH (*33,>*, *, P*25-0,>*,W KH /*#N*%*#,>*,WiH@/*#-*,H1*N*%8-0*,)8-0*,U8#@*,/*#@**208/*#@*(66#@*#-*,@*N*U8#@*,@88# G@@*2/5,@#*/*#-'(22*,@*-*#/'*%8-0*,G*0(8@*,53>*#*%*,@H1*/*#-'(22*,@*G*0(8@*,NL,F DH 1*(6@>*-*#/'*%8-0*,G*0(8@* BH 1*3b*@3**-*#/'*%8-0*,G*0(8@* jh 1*#-'8)5#0')*#*,@*-*#/'*%8-0*,G*0(8@* S5,*2%*G*0(8@*-,)5#5>#553jHK**,602*>>*>*/*,8/*#(*0G8@*2H"*,P*%,8)0*-5G*,/500,>)*# G8@*2-(*#8,@*#U**#>*>*/*,H DH1*(6@>*-*#/'*%8-0*,G*0(8@* RL@*(6@>*-*#/'*%8-0*,G*0(8@*8,0P#**%0(*0/88#,5G*2L%55,0#5,-)5#5,0*,(*0)#8'*-*,@* 53#*%*,,>H150->**,>8*@*G50'(PL(*0/822*@>*#-'8@50**,(66#@*#PL@0G8@*2@#55>0H=*0(6@>* -*#/'*%8-0*,)#8'*-G8*0/88#,5G*2L%8)@*)6,0*,52->*,8*G@,)5#5>#553jHKU8#@*,55,>*)5-0*, 60>*P#*@WU2(*0*#08*2*@*,@50*#G,@*#U#L/,>,@*G5#%0-*,)5#0L*,G**#>*2883%#L>*,,**, L6-0**,'8##*'0*-*#/'*%8-0*,53#*%*,,>H BH1*3b*@3**-*#/'*%8-0*,G*0(8@*F RL(*03b*#*,/5,@*-*#/'*%8-0*,G8*0G*,#*%*,,>(86@*,G*0@*P*-'(#*/*,)6,0*,,)5#5>#553jHKH 155#,55-0N52**,G)2*G*,050*/5,(*0)#8'*-/88#,5G*2L%/5P*25,>*,8#>5,-50*-60>*@#5>*,G8*0*, U8#@*,HM8%%5,@*/5-0>8*@G5,5>*#N'(8,@*#-'(*@*,0*,8)N'(0*/5,@*#*-0@88#(*0)#8@6'00* /*#%8)*,55,NL,8)@#5'(0>*/*#H=*#PLG8*0(LU*2,'8,0#82NL,W(*0)#8'*--'(*#)(*PP*,*,(*0#-'8 *,G5,5>*G**,0/822*@>,55#N'(08*%6,,*,0#*%%*,HRL@*3b*@3**G*0(8@*G8*0U*2**,@6@*2L% /*#-'(2U8#@*,>*G55%006--*,522O,(6#*,*,3b*@3**-HRL522O,(6#*,NL,@*-*#/'*%8-0*,PL@* (66#)#L-,P*>#*)*,WPL3b*@3**U8#@0**,/5-0P*@#5>55,-*#/'*%8-0*,,55-0@*(66#)#L-53>*-)#8%*,H =*0-@55#,55-0/5,P*25,>8G55,0*>*/*,U50(*055,@**2-*#/'*%8-0*,-0*,8)N'(0*/5,@*(66#)#L-H jh1*#-'8)5#0')*#*,@*-*#/'*%8-0*,g*0(8@* =*0 #-'8)5#0')*#*,@* /5-0>8*@G8@*2 -,8> **, #*250*3 8,P*%*,@ G8@*2, @* G5#%0H RL (*0 #-'8)5#0')*#*,@8G>55,G*0@*-*#/'*%8-0*,U8#@0@*/5-0>8*@G5,5>*#88%**,#-'8@#5>*#-5G*, G*0@*/*#(66#@*#H=*0-/5,P*25,>8G@55#8/*#@6@*2L%*53-)#5%*,0*G5%*,N852-@*N*NL,>*,8*G@, )5#5>#553jHKH155#,55-0-(*0/5,P*25,>8G**,>8*@*055%8G-'(#L/,>/5,@*/5-0>8*@G5,5>*#/5-00* -0*22*,HM8%N52@*/*#>8*@,>/5,@*/5-0>8*@G5,5>*#55,>*)5-0G8*0*,U8#@*,H=*0U8#@0GG*#-**,,*6UG8@*2W@6-@*/5-0>8*@G5,5>*#G8*0G8>*2L%88%NL,P6-,*--G8@*2@55#8)55,)5--*,H 188#522*5'08#*,W*,G*@*/5,60@*,0*#/*U-*,*b)*#0G**0,>-W%8G0,55#/8#*,@50(*0(6@>* -*#/'*%8-0*,)#8'*-08*-55,/*#,*6U,>*,P*0*#*53-0*GG,>8G0#*,00#5,-)5#5,0**,,N'(0,@* %8-0*,W@88#P*25-0,>W53#*%*,,>W*0'H188#@*#*-)8,@*,0*,U8#@*,N*%*#88%@*/88#@*2*,/5,**, 8)0G52-50*/5,(*0(6@>*-7-0**G83**,G**#3b*@3**-7-0**G>*N*,H 10(883@-06%(**30G*@*5,0U88#@>*>*/*,8)@*@**2/#5>*,DHDWDHJODHKWBHD*,JHjH "#%#&"'(%")#**'""#+,#-+,#.,/0*/,"1%%'1*./2%"&",2"#*'"#3'"/*,4"'."#1*./2%"&5*#*2"'.& "&

4. SERVICEKOSTEN BIJ WINKELCENTRA: BUITENLAND S88#@08,@*#N8*%-,*0522**,,55#V*@*#25,@>*%*%*,WG55#-*#88%,0*#,508,552**,/*#>*2L%,> >*G55%0/5,@*-*#/'*%8-0*,WG*0(8@*%*,*,53#*%*,,>*,H188#G@@*2/5,@0J * (883@-06%-(*0 -*#/'*%8-0*,)#8'*- PL U,%*2'*,0#5, (*0 P60*,25,@ >*5,527-**#@H =*#PL NL, @* /*#-'(22*, 06--*, V*@*#25,@*,(*0R60*,25,@>*5,527-**#@*,U8#@0,>*>55,8)8,@*#N8*%*,/5,@*\Q&Q*,@*;\Q&8G 8)@*G5,*#@*-*#/'*%8-0*,)#8'*--*,,(*0P60*,25,@U**#0*>*/*,H+80-280NL,@*)#8P2*G*,@*, (*0P60*,25,@8)0#*@*,W/*#>*2*%*,G*0@*)#8P2*G*,@*,V*@*#25,@-)*2*,H10(883@-06%/8#G0 @55#G**/*#/82>8)@*(883@-06%%*,B*,j*,>**305,0U88#@8)@*@**2/#5>*,DHiWBHD*,JHD*,JHJH "#%#&"'(%")#**'""#+,#-+,#.,/0*/,"1%%'1*./2%"&",2"#*'"#3'"/*,4"'."#1*./2%"&5*#*2"'.& "&

4.1 Nederland versus Buitenland Z"*#2L%(*@*,0#5,-)5#5,0*,(*0P*(**#/5,@*,-0*,%8-0*,-*--*,0**2W/88#5252-@*G**#@*#(*@/5, @* 8,0U%%*255#- *, U,%*2'*,0#6GG5,5>*G*,0 P*@#L/*, ^ */*,52- -0**@- G**# #*052*#- O >#*,-8/*#-'(#L@*,@8)*#*#*,H?#80*#**b)2805,0*,(*PP*,@6@*2L%*#'(02L,*,@*U8#@*,P*>#*)*,*, >*#*-)*'0**#@ @88# (6, G5,5>*G*,0 *, (66#@*#-H :55# @* -*#/'*%8-0*,-'(*G5{- /5, *,%*2*W /55% %2*,*#*W8)*#508#-,"6#8)5-/55%G,@*#@6@*2L%*,60(*08,@*#8,@*#N8*%/5,@*\Q&Q->*P2*%*,@50 *#**,>#880/*#-'(2N0,60/8*#,>*,G5,5>*G*,0G8@*22*,,(**2"6#8)5H1*\Q&Q&*#/'*Q(5#>*?6@*W>*-'(#*/*,@88#@*\Q&QWN52(*2)*,(*0)#8P2**G0*/*#@6@*2L%*,N852-@50-/*#88#N55%0,(*0 @*P5006--*,/*#(66#@*#-*,(66#@*#-[d\Q&Q"6#8)*WBCDB:5#07,Q(5-*WQ(5#G5,W"6#8)*5,;*052&*'08# =*5@W1+_5,@Q(5#G5,W\Q&Q;*0529--*0:5,5>*G*,0Q8GG00**fH S5,60 (*0 8,@*#N8*% /5, @* \Q&Q - >*P2*%*, @50 88%, "6#8)5W,*0 52-, V*@*#25,@W )#8P2*G*, 8,0-08,@*,PL@*-*#/'*%8-0*,,55#U,%*2'*,0#5d\Q&Q"6#8)*WBCDBfH:*,2*)0*>*,/#LU*2@*N*23@* )#8P2*G*,/5,U*,>0#5,-)5#5,0*W>**,@6@*2L%8G-'(#*/*,)5%%*0/5,2*/*#,>*,*,@*,-0*,W>*P#*% 55,U*0O*,#*>*2>,>W*,@*#>*2L%*55,HMG@*#*@*,-88%8,@*#N8*%>*@55,,55#@*-*#/'*%8-0*,,(*0 P60*,25,@*,U8#@0,5>*>55,83@*N*G*0(8@*,XG8@*22*,U*22'(088%,V*@*#25,@08*>*)5-0%6,,*, U8#@*,H_8-*#**,"6#8)*5,&*#/'*Q(5#>*?6@*8,0U%%*2@@88#@*\Q&Q,BCDBd\Q&Q"6#8)*WBCDBfH 1*P*25,>#L%-0*53-)#5%*,*,60>5,>-)6,0*,U8#@*,,@0@8'6G*,0P*-'(#*/*,*,(*#55,G8*0*,@* )5#0L*,N'('8,3#G*#*,H1*%*6N*8G88%,55#(*0P60*,25,@0*%L%*,U8#@0G*@*>*/8*@@88#(*03*0 @50 **, 55,052 #*052*#- *, /5-0>8*@P*2*>>*#- -0**@- G**#,0*#,508,552 >*#'(0 NL,H M8% (**30 \Q&Q 55,>*>*/*,0*8/*#U*>*,8G**,/88#-0*2/88#**,>*@#5>-'8@*/88#-*#/'*%8-0*,,U,%*2'*,0#5/88# @*"6#8)*-*,@6-0#*0*G)2*G*,0*#*,d\Q&Q"6#8)*WBCDBfH1*;\Q&8G-'(#L30(*052-/82>0F(*0@8*2/5, (*0/*#2*,*,/5,@*2*/*#,>*,*,@*,-0*,-8G0*>5#5,@*#*,@50@*N***,P*)552@*08*>*/8*>@*U55#@* P*@*,*,/88#N*,,@*P*(8*3@*/5,(*0/5-0>8*@W@**>*,55#W>*P#6%*#-*,@*'8,-6G*,0d;\Q&WBCDJfH 1*"6#8)*5,&*#/'*Q(5#>*?6@**,@*;\Q&Q8@*83&*#/'*Q(5#>*/8#G*,/88#@*N*)5#0L*,@6-**, (86/5-08G0*U*0*,(8*G*,G*0@*-*#/'*%8-0*,G8*08G>55,*,U*2%*2*/*#,>*,*,@*,-0*,,(*0 )5%%*0G**>*,8G*,%6,,*,U8#@*,H 8\I6\BI8_\BB@U_68\I6]JB6I8`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d\Q&Q"6#8)*WBCDBfH 4.2 Selectie van type kosten volgens de ICSC Z?8*@P*(**#/5,@*-*#/'*%8-0*,-'#6'552/88#@*)#*-050*-/5,U,%*2'*,0#5,(**2"6#8)5WG55# "6#8)5-U*2**,>*P*@U55#/55%**,>#80*%2883N006--*,@*)#*-050*-/5,@*P*-0**,-2*'(0-0* G5,5>*#-H1*\Q&Q&*#/'*Q(5#>*?6@*-P*@8*2@8G@*G5,5>*#-/5,@*U,%*2'*,0#50*(*2)*,G*0**, (5,@>*(5,@2*@,>/88#(8*-*#/'*%8-0*,U*#%*,,522*Bi25,@*,,"6#8)5H=*0-,*0@*P*@8*2,>8G >*-05,@55#@-**#@* -*#/'*%8-0*, )#8'*@6#*- 8) 0* 2*>>*, 8G@50 **, >#880 55,052 "6#8)*-* 25,@*, /*#-'(22*,@*G5#%0)#5%0L%*,(*PP*,*,5,@*#*U*00*2L%**-*,*,0#5@0*-%*,,*,WG55#(*0>**30U*2 **,55,052[P*-0)#5'0'*-[@*@*/*#(66#@*#-*,G5,5>*#-G8*0*,55,,*G*,[d\Q&Q"6#8)*WBCDB9-(2*7 R25%*W=*5@83;*052T8#03828:5,5>*G*,0Wg5,@&*'6#0*-fH "#%#&"'(%")#**'""#+,#-+,#.,/0*/,"1%%'1*./2%"&",2"#*'"#3'"/*,4"'."#1*./2%"&5*#*2"'.& "&

4.2.1 Typen kosten 1*\Q&Q(**30@*-*#/'*%8-0*,8,@*#/*#@**2@,**,55,05207)*%8-0*,H=*#G**%6,,*,@*N*U8#@*, >*@*,03'**#@*,%5,G*,W53(5,%*2L%/5,@*-0650*,*2%25,@WP*)52*,U*2%*-88#0*,%8-0*,NL,,P*>#*)*,,-*#/'*%8-0*,P6@>*00*,H1*N*2L-0W>*P5-**#@8)(*08,@*#N8*%/5,@*\Q&Qd\Q&Q"6#8)*W BCDBf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v,d)*#-8,**2W60#6-0,>W/*#P#6%->8*@*#*,*, 5,@*#*,fHM)@*N*G5,*#%5,G*,U55#P8#>*,@50@*/*#(8>,>*,NL,>*Y,@*b**#@,55#(6,%8-0*,*,,*0,@*52>*G*,*8/*#**,%8G-0H10-PL/88#P**2@(*0>*/52PL)*#-8,**2-%8-0*,H O"# 93/52->*#*250**#@55,(*0#*250*/*>*U'(0*,@*G8>*2L%(*@8G@55#/88#55,)5--,>*,@88#0*/8*#*, @*/88#0/28**,60U*0>*/,>H"*,*b0#5G5,*#8GU55#@*08*0*/8*>*,-@*G5,5>*#@*G8>*2L%(*@ P*@*,8G(*008*N'(08)@*G2*6%8-0*,0*(86@*,*,-)*'3*%*)#*-050*O,@'508#*,/5-00*-0*22*, dmt\{-f8g@*g2*6)#*-050*-*,3,5,'*2*#*,@*g*,0/5,(*0'*,0#6g0*/*#p*0*#*,h10-05500*/*,-, (*00*%*,/5,#*'7'2,>/5,/*#-'(22*,@*G50*#52*,d)5)*#W/*#)5%%,>*,W>25-*,5,@*#*fH O"##"%&'%&()*+"#%#?*N*,(*03*0@50*2%25,@NL,*>*,U*0>*/,>G*0P*0#*%%,>080P*25-0,>8)8,#8*#*,@*>8*@*#*,%*,0W G8*0*, @*N* 'L3*#- /88# *2% 25,@ 5)5#0 U8#@*, P*(5,@*2@W *, @*N* U8#@*, /55% P*0552@ /5,60 @* -*#/'*%8-0*,H O"#%&''(#()"'"# MG@50(*0#6,,*,/5,**,U,%*2'*,0#6G**,'8G)2*b*055%-WU8#@0**,G5,5>*G*,00*5G55,P*/82*, /88#*2%)#8L*'0H1*N*0*5G-WU55#/5,@*>#8800*%5,/5#v#*,,55#>*25,>@*-0#50*>*/5,@*8,@*#,*G,> *,@*>#8800*/5,(*0'*,0#6GWNL,NL/*#5,0U88#@*2L%/88#(*0>8*@*P*(**#W08*N'(08)@*@5>*2L%-* >5,>/5,N5%*,*,@*@#*'0*'8,0#82*/5,@*(66#@*#-*,'8,-6G*,0*,H O"#"%%#&'()&%#*+,""#"%&'()(*+'+)&,-"#%#%&#'##()#(*+#"#%# :5,5>*G*,0%8-0*,NL,>*#*250**#@55,(66#W-88#0*,(66#@*#-W(66#'8,0#5'0*,WG5,5>*G*,0%8-0*,*, 5,@*#*5'0/0*0*,@*/*#P5,@(86@*,G*0@*/*#(66#@*#H45'207G5,5>*G*,0P*-055060@*,-0*,G*0 P*0#*%%,>080@**b)28050*/5,**,>*P86UH108G/50U*#%N55G(*@*,52-8,@*#(86@W/*2>(*@*, -'(88,G55%H :**-052 - @* P*(**#/*#>8*@,> **, )*#'*,05>* /5, @* -*#/'*%8-0*, %8-0*,H MG /*#-'(22*,@* 0#>>*#- 0* >*,*#*#*, /88# @* /5-0>8*@G5,5>*# (5,0*#*, -8GG>* /*#(66#@*#- *b0#5 P8,6--*, U5,,**# @* -*#/'*%8-0*, >8*@ U8#@*, P*(**#@ *, 8,@*# '8,0#82* NL,H M8% %6,,*, @*N* P8,6--*,,/*#P5,@U8#@*,>*P#5'(0G*0dG8>*2L%*f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b0#5,%8G-0*,55,@*/*#(66#@*#H "#%#&"'(%")#**'""#+,#-+,#.,/0*/,"1%%'1*./2%"&",2"#*'"#3'"/*,4"'."#1*./2%"&5*#*2"'.& "&

Oi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ervicekostenafrekening, inkomsten en verantwoording kosten \, (*0 8,@*#N8*% /5, @* \Q&Q - >*%*%*, *, /*#>*2*%*, 8) P5-- /5, @* 53#*%*,,> *,,N5G*2,>W /*#5,0U88#@,>/5,@*-*#/'*%8-0*,*,(*0(*PP*,/5,#*-*#/*-*,/*#N*%*#,>*,H=*#8,@*#NL,@*N* )8-0*,/*#@*#08*>*2'(0*,@0/8#G0@55#G**@*'8,'26-*/5,@*5,527-*/5,(*08,@*#N8*%,PL25>*] d\q&q"6#8)*wbcdbfh "#%&'&()&)'&*+"# S82>*,-@*\Q&QU8#@*,@*%8-0*,@*>*)55#@>55,G*0@*#*>62*#*U*#%,>/5,**,U,%*2'*,0#6GW U55#/5,N8U*2@*(66#@*#-52-88%@*'8,-6G*,0)#830*#*,WP*0552@@88#@*(66#@*#-,(*0'*,0#6GH1* G**-0/88#%8G*,@*G*0(8@*/5,/*#@*2,>/5,@*%8-0*,/88#*2%*(66#@*#-8G@*08052*%8-0*,/5,@* 0*/*#@*2*,8/*#@*P#608/*#(66#P5#*8))*#/25%0*dRSMf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d\Q&Q"6#8)*WBCDBf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b0*#,@88#8,53(5,%*2L%*P*@#L/*,H+*%8#0*, /5,3b*@3**-55,(66#@*#-%6,,*,83U*2/822*@>U8#@*,>*@*%0@88#@*/*#(66#@*#83U8#@*,/*#-)#*@ 8/*# @* 5,@*#* (66#@*#-H h5,,**# -*#/'*%8-0*, /88#53 U8#@*, >*35'06#**#@W %5, *# #*,0* U8#@*, /*#%#*>*,8/*#@*-*#/'*%8-0*,P5,%#*%*,,>*,H1*N*#*,0*%5,U8#@*,P*0552@8G@*P5,%%8-0*,0* /*##*%*,*, 83 52- *b0#5 d%2*,*f,%8g-0*, /88# @* /*#(66#@*#H 155#,55-0 @*,0 @* 55,P*-0*@,> /5, 8)@#5'(0*,*,'8,0#5'0*,/88#2*/*#,>*,*,@*,-0*,0#5,-)5#5,00*NL,*,@*/5-0>8*@G5,5>*#@*,0 *#/88#0*U5%*,@50@*P*@#5>*,@*U8#@*,P*0552@WG5#%0'8,38#GNL,d\Q&Q"6#8)*WBCDBfH "#""% \,-8GG>*25,@*,-(*0>*P#6%*2L%8G**,#*-*#/*,0*P86U*,U*2%*U8#@0>*P#6%08G8,/*#U5'(0* *b0#5%8-0*,@*n'(%6,,*,/88#@8*,,@*08*%8g-00*%6,,*,@*%%*,h1*n*#*-*#/*-/88#52p*@8*2@8g 8,/*#U5'(0*%8-0*,83P60*,>*U8,*U*#%N55G(*@*,0*%6,,*,/*##'(0*,*,P*052*,d\Q&Q"6#8)*WBCDBfH "#"%"#&'( MG@*U55#@*/5,**,U,%*2'*,0#6G0*P*(86@*,*,8G@*/*2>(*@*,#-'8[-/5,@*/*#-'(22*,@* )5#0L*, d(66#@*#-w /*#(66#@*#-W '8,-6G*,0*, *, /5-0>8*@G5,5>*#-f 0* U55#P8#>*, NL, /*#-'(22*,@* P*,5@*#,>*,/5,/*#N*%*#,>*,G8>*2L%H1*N*/*#N*%*#,>%5,N5%*,P*/500*,52-@*%%,>/5,>25--'(5@*W 2*%%5>*-W*,@*#>*2L%*H&8GG>*25,@*,%6,,*,8,@*#88%-'(5@*/*#N*%*#,>*,*,X83@*%8-0*,/5,**, /*#N*%*#,>-)#*G*/88#PL/88#P**2@0*##8#-G*,@*-*#/'*%8-0*,G**,*G*,d\Q&Q"6#8)*WBCDBfH "#%#&"'(%")#**'""#+,#-+,#.,/0*/,"1%%'1*./2%"&",2"#*'"#3'"/*,4"'."#1*./2%"&5*#*2"'.& &

4.3 Analyse onderzoek ICSC: Servicekosten in Europese landen R*>, BCDD (**30 @* \Q&Q **, 8,@*#N8*% >*(86@*, 8,@*# @* Bi "6#8)*-* 25,@*, 8G N8 @* G**-0 /88#%8G*,@* -*#/'*%8-0*,0*@*,03'*#*,, @*N* 25,@*,H 1* G**-0* -*#/'*%8-0*, U8#@*, >*@*%0 @88# @* (66#@*#-H \, @* 05P*2 (*#,55-0 NL, @* G**-0 /88#%8G*,@* %8-0*, U**#>*>*/*, ][[6cBB7Y8] 1*U*#*2@/*#5,@*#0'8,0,6*,U,%*2'*,0#5NL,N'((*#/5,P*U6-0H\,@*2550-0*)55#L55#WNL,@*G**-0* 088,55,>*/*,@*P*@#L/*,**,P*2*@55,(*08,0U%%*2*,0*,55,N*,/5,@66#N55G(*@d\Q&Q"6#8)*W BCDBfH=*0P*2*@/5,@66#N55G(*@U8#@08,0U%%*2@8,@*#@*+#)2*R8008Gg,*G8@*2H@*+#)2*R8008G g,*g8@*2d+rgfw>*@*3,**#@@88#a8(,"2%,>08,*,8)>*,8g*,,@*@66#n55g(*@@*3,0*/5,@* R#6,@025,@Q8GG--*/5,@*S*#*,>@*V50*-,Dp]id:6,,WDp]pfH10-**,P*%*,@*@*3,0*/88#(*0 P*>#L)*,/5,-8'52*/*#5,0U88#@*2L%(*@06--*,P*@#L/*,*,(*08),*G*,U55#@*,,(6,P6-,*-- G8@*2H10G8@*2P*-'(86U0@*G)5'0/5,P*-2--,>*,,0*#G*,/5,-8'52**,*'828>-'(*U55#@*W */*,52- *'8,8G-'(* U55#@*H "*, @66#N55G(*@-P*2*@ G8*0 @* 60%8G-0 /5, **, #**%- /5-0>*2*>@* )#,')*(86@,>*,/5,U,%*2*#-W*>*,5#*,WP*N8*%*#-WU*#%,*G*#-W@*>*G**,-'(5)*,@*,-0/*#2*,*#- 08,*,H155#,55-0>**30(*05,0U88#@8)@*-0#50*>-'(*/#55>-06%%*,52-F/*2>(*@W-'(88,G55%W(7>v,* *, >*N8,@(*@W *,*#>*W /*#/8*#W %U520*0 /5, @*,-0*, *, )#8@6'0*,W -5G*,U*#%,> G*0 28%52* 8#>5,-50*-*,P*/8#@*#,>/5,,,8/50*d\Q&Q"6#8)*WBCDBfH166#N55G(*@G8*0>**,5608,88G)#8'*- NL,WG55#G8*0L6-0,0*>#552@88#U*#%*,*,@88#522*>*P*@*,(**,/5,%#5'(0NL,H15,NL,@*#*-62050*, G**#/822*@>*,G)5'0(*PP*,8)(*0P*@#L3-2*/*,d\Q&Q"6#8)*WBCDBfH [6_JBB@U7\ V55,527-*/5,@*-*#/'*%8-0*,,@*"6#8)*-*25,@*,%5,U8#@*,>*'8,'26@**#@@508/*#(*052>*G**,, "6#8)5@-'6--*-8,0-055,8/*#-*#/'*%8-0*,*,G5,*#/5,53#*%*,*,/5,@*N*%8-0*,H"#P2L%0>**, 6,38#G*,0#5,-)5#5,0)#8'*-0*NL,@*60%8G-0P*@0Hh*2NL,U,%*2'*,0#5,"6#8)5WG*0,5G*'*,0#5, 4#5,%#L% *, \052*W P*0*# G*0 *2%55# 0* /*#>*2L%*,H =*0 NL, /**252 >#80* -(8)),> G522- @* **, /*#>*2L%P5#*8)P86U*,-0#6'066#dZ-'(8*,*,@88-[f(*PP*,HM8%-@*'8,'*,0#50*/5,@*N*'*,0#525>*# *,%*,,*,N***,N*23@*/*#N8#>,>->*P*@H1*35'08#*,NL,@6-/**2G**#>*-05,@55#@-**#@@5,@50@*N*,V*@*#25,@NL,H=*0-@55#8G/88#@*N*U,%*2'*,0#5**,/86@>*#8G@*-*#/'*%8-0*,G*0*2%55#0* /*#>*2L%*,*,8)P5--@55#/5,/5-00*-0*22*,H Figuur 30 Servicekostenvergelijking Europa met meest voorkomende posten (ICSC, 2012) [6_JBZE\]6@B\] =*0 0*>*,8/*#>*-0*2@* -, V*@*#25,@ /5, 08*)5--,>H \, V*@*#25,@ NL, G**# /*#-'(22*,@* 07)*,U,%*2'*,0#5W-@*'8,'*,0#50*/5,@*'*,0#5 PE"'1,;")%./"#"#&"*<'")"#,#25%"/"#0#,<%'5+%'&"# **#2"=*)/ "# =*'/,V"# 5%"/"# :*#&"4"# #**' ""# 1*./2"./"4&"+"')+,V("A]*/(%'2/1%%'5""'&0,&"4,V):",& "#/'*#.=*'*#/,"1*#:"/='%;".AN Figuur 31 Quote interview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ic/5,@*P#6088GN*0/5,**,(66#@*#W0*#UL2UL @0,V*@*#25,@,8>,*0/**20*>*,%8G*,H "#%#&"'(%")#**'""#+,#-+,#.,/0*/,"1%%'1*./2%"&",2"#*'"#3'"/*,4"'."#1*./2%"&5*#*2"'.& "&

4.4 Analyse RICS Code of Service Charge 68FE?F_]_OJ6BFI8F +*/*,-(**30@*;\Q&N'(P*N>>*(86@*,G*0-*#/'*%8-0*,,",>*25,@H=*#/88#(*PP*,NL**,@*#>*2L%* Z&*#/'* Q(5#>* Q8@*[ d;\q&w BCDJf 8,0U%%*2@ U55#, NL 55,>*/*, (8* 522* -05%*(82@*#- G*0 @* -*#/'*%8-0*, G8*0*, 8G>55,H M8% @*N* '8@* - 8,0U%%*2@ G*0 @* P*@8*2,> 8G 0#5,-)5#5,0* 0* /*#>#80*,*,@-'6--*0*/*#G,@*#*,8G0#*,0@*-*#/'*%8-0*,H1*;\Q&d;\Q&WBCDJf8G-'(#L30(*052- /82>0FZ(*0@8*2/5,(*0/*#2*,*,/5,@*2*/*#,>*,*,@*,-0*,-8G0*>5#5,@*#*,@50@*N***,P*)552@* 08*>*/8*>@*U55#@*P*@*,*,/88#N*,,@*P*(8*3@*/5,(*0/5-0>8*@W@**>*,55#W>*P#6%*#-*,@* '8,-6G*,0[ d;\q&w BCDJfH 1*N* ;\Q& '8@* - 3*0*2L% **, /*#@*# *, P#*@*# 8,0U%%*2@* g*@#55@ /88# &*#/'*%8-0*,N852-U*@*,V*@*#25,@%*,,*,*,@*250*#,@08,@*#N8*%88%55,@*8#@*%8G0H\, ",>*25,@N8#>0@*N*'8@**#/88#@50*#G**#@6@*2L%(*@U8#@0/*#-'(5308/*#@*-*#/'*%8-0*,WG**# 0#5,-)5#5,0*U8#@0>*'#*v*#@*,@*53#*%*,,>>*-0#6'06#**#@,*2%55#N0H+*/*,-%6,,*,)5#0L*,**, N8>*(*0*,'*#03'550%#L>*,U5,,**#NLN'('8GG00*#*,55,@*N*Q8@**,@#5>*,NL@6-PL55,**, @6@*2L%**,6,38#G*602*>/5,@*-*#/'*%8-0*,H 1*;\Q&Q8@*83T#5'0'*-**,@8'6G*,0@*-8)>*-0*2@*,>8*@>*%*6#@@88#@*;\Q&*,U8#@0*#%*,@ @88#>*#*,8GG**#@*G5#%0)5#0L*,d;\Q&WBCDJfH=*02*/*#0>*P#6%*#-/5,@*N*Q8@*83T#5'0'*(86/5-0 *,/8#G0**,2*@#55@/88#(8*@*)5#0L*,G8*0*,(5,@*2*,H=*0@8*2/5,@*;\Q&Q8@*83T#5'0'*d;\Q&W BCDJf-8GF O @*-05,@55#@*,WZP*-0)#5'0'*-[W6,38#G0*0W**#2L%(*@*,0#5,-)5#5,0*,50*-0#*/*,, -*#/'*%8-0*,PL'8GG*#'**2/5-0>8*@n O -*#/'*%8-0*,P6@>*00*,8)0L@/5-00*-0*22*,W52-88%@*53#*%*,,>*,8)0L@530*#8,@*,n O )#8P2*G*,*,>*-'(22*,0*/88#%8G*,*,8G#'(0,>0*P*@*,55,@*8)28--,>/5,@*N* )#8P2*G*,n O #'(0,>0*P*@*,G5,5>*#-W%25,0*,d(66#@*#-f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iU**#>*>*/*,H1*N*/82>*,60@*;\Q&Q8@*83 T#5'0'*W&*#/'*Q(5#>*-,Q8GG*#'52T#8)*#07d;\Q&WBCDJfH1*N*-/*#/82>*,-,PL25>*K>*P#6%08G (*0-05))*,)25,/88#@*2*@#55@/88#-*#/'*%8-0*,BHC,V*@*#25,@0*-'(#L/*,HM)P5--/5,@*(6@>* 2*@#55@W@*;\Q&Q8@*83T#5'0'**,@*V"VDEBBD-**,)#8>#5GG5/5,*-*,,@*/8#G/5,**, -05))*,)25,/88#@*N*2*@#55@BHC>*-'(#*/*,H 4.5 Best practices "*,P*-0)#5'0-*@*V*@*#25,@(*#-8U*-8/5,%5,2*#*,-(*0/*#P*0*#*,/5,@*(6@>*2*@#55@/88# -*#/'*%8-0*,PLU,%*2'*,0#5*,,@*N*2*@#55@*b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

4.6 Deelconclusie MG@50 -*#/'*%8-0*,,*0 522**, **, )#8P2**G, V*@*#25,@ /8#G*,W G55# 88%, (*0 P60*,25,@ *, V*@*#25,@@55#U*22'(0,8>U50/5,%5,2*#*,W-,@08,@*#N8*%88%**,/*#>*2L%,>>*G55%0G*0(*0 P60*,25,@*,-(*#/88#@*;\Q&Q8@*83&*#/'*Q(5#>*d;\Q&fWBCDJf*,@*\Q&Q"6#8)*5,&*#/'*Q(5#>*?6@*d\Q&Q"6#8)*WBCDBf>*5,527-**#@H 1*\Q&Q(**30@*-*#/'*%8-0*,8,@*#/*#@**20,**,55,052-05,@55#@07)*%8-0*,U*2%*W53(5,%*2L%/5,@* -0650*,*2%25,@WP*)52*,U*2%*-88#0*,%8-0*,NL,,P*>#*)*,,-*#/'*%8-0*,P6@>*00*,H1*N*)8-0*, NL,G*0*2%55#/*#>*2*%*,,Bi"6#8)*-*25,@*,@*,(*08,@*#N8*%/5,@*\Q&QNL,G**>*,8G*,d\Q&Q "6#8)*WBCDBfH"#%5,U8#@*,>*'8,'26@**#@@508/*#(*052>*G**,,"6#8)5*#88%@-'6--*-8,0-055, 8/*#-*#/'*%8-0*,*,G5,*#/5,53#*%*,*,/5,@*N*%8-0*,H"#P2L%0>**,6,38#G*,0#5,-)5#5,0)#8'*-- 0*NL,@*60%8G-0P*@0H155#,55-0(**30@*\Q&Q>*%*%*,,55#Z@66#N55G(*@[W@*U*#*2@/*#5,@*#0*, U,%*2'*,0#5NL,N'((*#/5,d8,/82@8*,@*fP*U6-0H166#N55G(*@G8*0>**,5608,88G)#8'*-NL,WG55# G8*0L6-0,0*>#552/5,%#5'(0NL,,(*0P*@#L3HM)P5--/5,@08,@*#N8*%P2L%0@50*#>**,6,38#G )#8'*--PL@*U,%*2'*,0#5,"6#8)5*,*@*#25,@@8*0(*08)NL,*>*,G5,*#W*,*@*#25,@P*)552@ N*23U50U*283,*0,@*-*#/'*%8-0*,U8#@08)>*,8G*,WU50U*283,*08/*#@*(66#@*#83/*#(66#@*# U8#@0/*#@**20*,U*U*283>**,#-'8@#55>0HR8/*,@*,(**30*@*#25,@0*%5G)*,G*0NL,*>*,U*0O *,#*>*2>*/,>H=*0P2L%0@55#8G25-0>8G**,'8,26-*0*0#*%%*,8/*#@*/*#-'(22*,@*25,@*,/5,"6#8)5H \, PL25>* ] - (*0 /*#>*2L% /5, @* Bi 25,@*, 25,@*, *, @* 60%8G-0 /5, @* BJ /*#-'(22*,@* )8-0*, 8)>*,8G*,H 155#,55-0->*%*%*,,55#@*;\Q&Q8@*83&*#/'*Q(5#>*-d;\Q&fWBCDJf,",>*25,@*,-@*'8@*88% >*5,527-**#@H=*#,-55,>*/*,(8*522*-05%*(82@*#-G*0@*-*#/'*%8-0*,G8*0*,8G>55,*,@*N*'8@* -8,0U%%*2@G*0@*P*@8*2,>8G0#5,-)5#5,0*0*/*#>#80*,*,@*@-'6--*8G0#*,0@*-*#/'*%8-0*,0* /*#G,@*#*,H\,PL25>*i-@*/*#>*2L%,>/5,@*;\Q&Q8@*83&*#/'*Q(5#>*-8)>*,8G*,*,-0*/*,-**, V*@*#25,@-*U**#2*>>,>8)>*,8G*,/5,@*)6,0*,N852->*,8*G@,@*;\Q&Q8@*83&*#/'*Q(5#>*-H S88#,55G-0*'8,-26-*-@50@*;\Q&**,@6@*2L%P**2@>**30/5,F U*2%* %8-0*, U*2 83,*0, @* -*#/'*%8-0*, 0(6-(8#*, *, >**30 (*#/5, 88% **, @6@*2L% 8/*#N'(0n U50@*53-)#5%*,NL,8G0#*,053#*%*,,>W0L@W/*#@**2-2*60*2-W*0'*0*#5n (8*@*%8-0*,/*#@*2,>080-05,@%8G0*,U*#-'8@#5>*#(88#00*NL,n **,6,38#G*-*#/'*%8-0*,53#*%*,,>*,(8*@*N**#60(88#00*N*,WG*0**,@6@*2L%*602*> *#PL(8*@*%8-0*,*,@88#P*25-0,>*#/5,080-05,@->*%8G*,n >**30**,'*#03'55060U5,,**#G*,N'(55,@*Q8@*(86@0WN8@50)5#0L*,N'(*#55,'8,3#G*#*, *,N'(*#PL55,-260*,H102*@0080*#%*,,,>,@*G5#%0n @88#@*-)*'3*%*P*,5@*#,>,@*Q8@**,60>*P#*@*8G-'(#L/,>W>**30@*Q8@*5,@0U88#@8) (**2 /**2 /#5>*, P,,*, @* -*#/'*%8-0*,)#8P2*G50*%H R8/*,@*, 2*@0 @* Q8@* 080 G**# 0#5,-)5#5,0**,6,38#G0*0(*0>**,@*-*#/'*%8-0*,0*,>8*@*%8G0*,U55#,88%/88#,5G*2L% @*>#8800-0*)L,)6,0*,N00*,H "*,P*-0)#5'0-*@*V*@*#25,@(*#/5,%5,2*#*,-(*0-0*#%/*#P*0*#*,/5,@*(6@>*2*@#55@/88# -*#/'*%8-0*,PLU,%*2'*,0#5*,,@*N*2*@#55@*b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iWBHD*,JHD*,JHJH "#%#&"'(%")#**'""#+,#-+,#.,/0*/,"1%%'1*./2%"&",2"#*'"#3'"/*,4"'."#1*./2%"&5*#*2"'.& "&

5. MARKTINGREPEN: LEIDRAAD VOOR SERVICEKOSTEN BIJ WINKELCENTRA \,@0E * (883@-06%U8#@0@*g*@#55@/88#-*#/'*%8-0*,)#8'*-PLU,%*2'*,0#5,V*@*#25,@>*5,527-**#@H Z\,/**2U,%*2'*,0#58,0-055,#*>*2G50>@-'6--*-06--*,(66#@*#-W/*#(66#@*#-*,/5-0>8*@G5,5>*#- 8/*#@*-*#/'*%8-0*,H1*N*-*#/'*%8-0*,NL,@*53>*28)*,L5#*,38#->*-0*>*,*,G5%*,,G@@*2-**, >#880@**260/5,@*(6-/*-0,>-25-0*,/88#U,%*2*#-[d;V1*052HWBCCpfH1*g*@#55@/88#&*#/'*%8-0*, PL U,%*2'*,0#5-8,0-055, @88# (*0 3*0 @50 *# /**2 @-'6--* *, 8,@6@*2L%(*@ P*-0550 8/*# @* -*#/'*%8-0*, *, @* 53#*%*,,> *#/5,H M,@*# 5,@*#* @* ;55@ V*@*#25,@-* 1*052(5,@*2W S5-0>8*@G5,5>*G*,0V*@*#25,@*,@*V*@*#25,@-*S*#*,>,>/5,\,-00608,*2*R*2*>>*#-,V*@*#25,@ (*PP*, @* g*@#55@ /88# &*#/'*%8-0*, PL h,%*2'*,0#5 8,0U%%*2@H M8% -0550 @* U,%*2'*,0#6G %U520*0-G8,08#@*-P*-'(#*/*,,(883@-06%B,@0(883@-06%'*,0#55252-(*0>5508G(*0G**0P55# G5%*,/5,@*%U520*0/5,@*-*#/'*%8-0*,H=*0(883@-06%>**30(*#G**8,@*#*5,0U88#@*,8)@* @**2/#5>*,DH]ODHpWBHB^BHJWjHB*,JHB^JHEH "#%#&"'(%")#**'""#+,#-+,#.,/0*/,"1%%'1*./2%"&",2"#*'"#3'"/*,4"'."#1*./2%"&5*#*2"'.& "&

5.1 Leidraad voor servicekosten bij winkelcentra in Nederland MBI8E]@8]6BB] 1*2*@#55@/88#-*#/'*%8-0*,-**,@8'6G*,0U55#,@*#'(02L,*,U8#@*,8)>*-0*2@@*PLG8*0*, @#5>*,55,**,**#2L%*#*,0#5,-)5#5,0*#)#8'*-H=*0(**30@*/8#G/5,**,P#8'(6#*U55#,**,55,052 60>5,>-)6,0*,U8#@*,>*,8*G@*,>*@#5>-#*>*2-U8#@*,>*@*3,**#@H"'(0*#2*@0@*2*@#55@/88# -*#/'*%8-0*,,@*)#5%0L%,8>,*0080**,->,3'5,0*PL@#5>*55,@*8)28--,>/88#@*#**@->*-'(*0-0* )#8P2*G50*%8G0#*,0@*-*#/'*%8-0*,H ]_@EI@@8\UZB\]@8]6BB] =*0@8*2/5,@*2*@#55@-(*0P*#*%*,/5,G**#0#5,-)5#5,0**,*33'v,0*/5,@*-*#/'*%8-0*,PL U,%*2'*,0#5U55#PL(*088%/5,P*25,>-8G@6@*2L%*60>5,>-)6,0*,0*38#G62*#*,8/*#U*2%*%8-0*, /522*,8,@*#-*#/'*%8-0*,H"*,5,@*#P*25,>#L%)6,0-(8*@*-05%*(82@*#-d(66#@*#W/*#(66#@*#*, /5-0>8*@G5,5>*#f N86@*, G8*0*, '8GG6,'*#*, 8/*# (*0 P*)52*, /5, (*0 -*#/'*,/*56 *, @* @88#P*25-0,>(*#/5,,55#@*-*#/'*%8-0*,53#*%*,,>H [8IUB\UEJ[\I\ 1* ;55@ V*@*#25,@-* 1*052(5,@*2 d;v1f *, @* S*#*,>,> /5, \,-00608,*2* R*2*>>*#-, S5-0>8*@W V*@*#25,@d\SRVf(*PP*,(*0,050*3>*,8G*,8G8)P5--/5,**,55,05260>5,>-)6,0*,@*2*@#55@ /88#-*#/'*%8-0*,PLU,%*2'*,0#5/8#G0*>*/*,H95,>*N*,(*0/5-0>8*@G5,5>*G*,0/5,U,%*2'*,0#5 N8U*2 @88# *>*,5#*, N*23 52- @88# *b0*#,* /5-0>8*@G5,5>*#- U8#@0 60>*/8*#@W - 88% S5-0>8*@G5,5>*G*,0V*@*#25,@,0*,-*3P*0#8%%*,>*U**-0PL@*080-05,@%8G,>/5,@*2*@#55@H1* 60>5,>-)6,0*,/88#@*8,0U%%*2,>/5,@*2*@#55@/88#-*#/'*%8-0*,U5#*,/88#,5G*2L%d;V1*052HW BCCpfF P""#='%<"..,%#"4"0,/1%"',#21*#4"1"',#21*#(*)"#"#&,"#./"#5"/*4.&%"4%=/,5*4,."',#21*#:"/ <0#;/,%#"'"#1*#+,#)"4;"#/'*C""#)%./"#"<<,;,e#/"+"')+,V("G=*'/,V"#./'"1"##**':"/1%%')%5"# 1*#%##%&,2")%./"#HNC P%="#:",& "# /'*#.=*'*#/,"C ""# ""'4,V)" 1"'&"4,#2 1*# &"."'1,;")%./"# /0.."# &" :00'&"'. G>"./**#&" ;%#/'*;/0"4" *<.='*)"# /0.."# 1"':00'&"' "# :00'&"' +%'&"#,# &*/ )*&"' 2"'".=";/""'&HNC P""#""#&0,&,2"&"<,#,e',#21*#."'1,;")%./"#"#""#,#(,;:/"4,V)"'*==%'/*2"1*#."'1,;")%./"#AN 10G8*-02*@*,080(*0'#*v#*,/5,G**#0#5,-)5#5,0**,**,@6@>*53-)#5%*,U55#55,@*-05%*(82@*#- N'(%6,,*,*,G8*0*,(86@*,d;V1*052HWBCCpfH _\IM8^^@8\UG\HZB\]@8]6BB] 1* 2*@#55@ /88# -*#/'*%8-0*, - 8,0U%%*2@,55# 55,2*@,> /5, (*0 8,@*#N8*% /5, 1* R8*# dbcc]fh =*#@88#-*#G**#55,@5'(0>*%8G*,/88#@*@-'6--*8G0#*,0@*-*#/'*%8-0*,*,(**30G*,(*0,050*3>*,8G*,8G**,2*@#55@/88#-*#/'*%8-0*,0*8,0U%%*2*,H I_JBEE\ZB\]@8]6BB] 1*2*@#55@/88#-*#/'*%8-0*,2*@0,@*)#5%0L%,8>,*0 080 **, ->,3'5,0* 8)28--,> /88# @* PY00'&"'. 5%"/"# #,"/,# :"/ ='%;". 1"'+,))"4& '*)"#A ]" 1"':00'&"'"#1*./2%"&5*#*2"':">>"#("22"#.;:*=%1"':"/ ='%;".3#,"/&":00'&"'N Figuur 32 quote interview& )#8P2*G50*%8G0#*,0@*-*#/'*%8-0*,HT5#0L*,'8,3#G*#*,N'(U*22'(0,8>0*U*,>55,@*N*2*@#55@W 83@6#/*,N'(d,8>f,*0P28800*>*/*,H:8>*2L%605,>-0@50*#,*0520L@**#2L%U8#@08G>*>55,G*0 -*#/'*%8-0*,WG8>*2L%8G@50@*'8,0#5'0*,G*0@*#@*,@*0*,>#8,@-25>2>>*,55,@*-*#/'*%8-0*,,*0 G**#5'06**2NL,HR8/*,@*,P2L%060G5#%08,@*#N8*%@50/*#(66#@*#-@508,O0#5,-)5#5,0*)#8'*-,*0*#> /,@*,*,U22*,@*2*@,>G8*0*,(86@*,8/*#(*0)#8'*-*,@*P*-2--,>*,G8*0*,,*G*,H X8`]6BU\BB\_J@_EE8\UG\H S82>*,-@*2*@#55@/88#-*#/'*%8-0*,d;V1*052HWBCCpf-0L@*,-@*8/*#2*>>*,06--*,@*>*,8*G@* )5#0L*,>*'8,-050**#@@50(*0/5,P*25,>-@50*#@6@*2L%U8#@0>*'8GG6,'**#@8/*#@*-*#/'*%8-0*, 06--*,/*#(66#@*#-*,/5-0>8*@G5,5>*#-*,*#NL@-*,(66#@*#-5,@*#NL@-H"*,/5,@*P*25,>#L%#L%-0* 55,P*/*2,>*,/5,@*2*@#55@-Z@*080-05,@%8G,>/5,-*#/'*%8-0*,'8GG--*-,U,%*2'*,0#5H=*#@88# G8*0*,(66#@*#-P*0*#N'(0%#L>*,8)@*ULN*U55#8)@*-*#/'*,U,%*2'*,0#5->*#*>*2@H10@8'6G*,0 P*@0@55#8G**,(5,@#*%,>PL(*0P*)52*,/5,-*#/'*%8-0*,*,>**3055,(8**#8G>*>55,@*,00* U8#@*,G*0(*0/*#@*2*,/5,%8-0*,*,(*0,N'(0P*@*,(*#,[d;V1*052HWBCCpfH "#%#&"'(%")#**'""#+,#-+,#.,/0*/,"1%%'1*./2%"&",2"#*'"#3'"/*,4"'."#1*./2%"&5*#*2"'.& "&

5.2 Analyse leidraad voor servicekosten bij winkelcentra [8IUB\UEJ[\I\ 1*60>5,>-)6,0*,/88#@*8,0U%%*2,>/5,@*2*@#55@/88#-*#/'*%8-0*,U5#*,/88#,5G*2L%F O Q#*v#*,/5,**,0#5,-)5#5,0*#-*#/'*%8-0*,)#8'*-n O "*,@6@>*53-)#5%*,n O "*,@8'6G*,0U55#55,@*-05%*(82@*#-N'('8,3#G*#*,H "'(0*#,5(*08,0U%%*2*,*,)6P2'*#*,/5,@*2*@#55@,BCCpXBCDC-(*0U*@*#8G>*U8#@*,*,(**30*# >**,6)@50*)2550->*/8,@*,'HkH-*#>**,55,@5'(0P*-0**@55,(*0,@*G5#%0(86@*,/5,@*N*2*@#55@H V5**,,0*#/*UG*0@*\SRV-*'(0*#55,>*>*/*,@50*#8)%8#0*0*#GL,U**#**,53-)#55%N52%8G*, G*0@*/*#-'(22*,@*P#5,'(*/*#*,>,>*,8G8),*6U,50*@*,%*,8/*#@*-*#/'*%8-0*,PLU,%*2'*,0#5 *,*/*,06**2**,2*@#55@BHCH U\Z_@@]8UI_JBEE8\UZB\]@8]6BB] S*#(66#@*#-NL,/5,G*,,>@50NL@*2*@,>G8*0*,(86@*,8/*#(*0)#8'*-*,@*P*-2--,>*,G8*0*,,*G*,d;V1*052HWBCCpfH188#@50@*2*@#55@>**,/*#)2'(0@8'6G*,0-*,)5#0L*,*#,*0/88#U8#@*, P*288,@,U*2%*/8#G@5,88%WU8#@0@*2*@#55@,*06,38#G08*>*)5-0*,P2L%0@*2*@#55@,*0/88#522* )5#0L*,**,08*>*/8*>@*U55#@*0*NL,H92-@*2*@#55@52U8#@0>*P#6%0W@5,U8#@0@*N*/88#,5G*2L% >*P#6%0@88#@*>#80*#*W25,@*2L%*)5#0L*,@*N'(*#55,'8,3#G*#*,60/**252*0(-'(*8/*#U*>,>*,H Y[8]8U@8]6BB]\8IB@E_J@_EE8\UZ 6YIJ6_X@7 188#@50@*2*@#55@0*/#LP2L/*,@-*,*#>**,'8,-*k6*,0*-55,U8#@*,/*#P8,@*,WN8#>0@*2*@#55@*#,*0/88#@50)5#0L*,88%@*/88#(*,G,@*#>6,-0>*53-)#5%*,,52*/*,H10N52)5->*P*6#*,U5,,**# @*#>*2L%*53-)#5%*,/*#)2'(0U8#@*,>*-0*2@H1*2*@#55@-U*2>*G55%0G*052-@8*28G(*0)#8'*-0* /*#P*0*#*,*,0*N8#>*,/88#**,0#5,-)5#5,0*#)#8'*-WG55#@88#@50(*0,6,*0G**#>*P#6%0*,*#G55# **,55,05255,P*/*2,>*,NL,,>*P*@*,,*0/822*@>W(**30@*2*@#55@,*0>*N8#>@/88#**,%*,0*#,>, @*G5#%0HMG**,>8*@*-*#/'*%8-0*,'8GG--*0*(*PP*,-5'0*/*P*0#8%%*,(*@/5,U,%*2P*@#L/*, PL@*N*'8GG--*-xx,/5,@*60>5,>-)6,0*,d;V1*052HWBCCpf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d;V1*052HWBCCpfHZV55-0@*-*#/'*%8-0*,'8GG--* U8#@0, @*N* 2*@#55@ 88% >*U*N*, 8) (*0 P*25,> /5, **, @6@*2L%* *, N'(0P5#* /*#@**2-2*60*2 *, **,@6@>(*@8/*#U*2%*%8-0*,U*2*,,*0080-*#/'*%8-0*,P*(8#*,H_8@*,*,*>*,55#-25-0*,,*0/5 @*-*#/'*%8-0*,53>*U*,0*2@0*U8#@*,8)(66#@*#-W*,)#8G80*%8-0*,,*0/*#G*,>@0*U8#@*,G*0 -*#/'*%8-0*,d;V1*052HWBCCpfH 5.3 Noodzakelijke aanvullingen op de leidraad h5,,**#@*2*@#55@**,6,38#gg8@*2u8#@0*,)5#0l*,n'(*#55,'8,3#g*#*,%5,@*2*@#55@n*%*#**, PL@#5>*2*/*#*,H"'(0*#080(*0G8G*,0@50(L>**,8,@*#@**260G55%0/5,@*(66#8/*#**,%8G-0*,*, )5#0L*,N*23G8>*,U*0*,8)U*2%*G5,*#G*,@*-*#/'*%8-0*,53#*%*,0WU8#@0@*2*@#55@,*083,56U*2L%-08*>*)5-0H=*0P*25,>#L%-0*-@6-(*0/*#)2'(0*,/5,(*0(5,@*2*,,55#@*2*@#55@*,)5#0L*, (*#/88#88%0*P*28,*,830**#%*,,*,N8@50*#G**#'8G)*00*8,0-0550*,)5#0L*,(*0)#8@6'0>55, /*#%8)*,,)2550-/5,(*0522**,G55#**,28-)#8'*-0*250*,NL,HMG*'(0*#**,2*@#55@0*%#L>*,@*88% /*#)2'(0U8#@0>*-0*2@*,U8#@08)>*,8G*,,@*8/*#**,%8G-0*,W@*,0@*N*@88#P*25,>*,/*#*,>,>*, 52-S?:W\SRVW*,@*#>*2L%*0*U8#@*,8)>*-0*2@H\GG*#-WPL,050*/*,/5,G5#%0)5#0L*,N52/88#52-,8> 520L@**,-'*)0-'(*(86@,>P2L/*,P*-055,Hh5,,**#*'(0*#P*25,>*,/*#*,>,>*,@*-05)G5%*,W-@* %5,->#80*#@50(*0U8#@08)>*,8G*,,@*G5#%0*,)5#0L*,N'(*#55,'8,3#G*#*,HR*25,>*,/*#*,>,>*, G8*0*,@55#8G(*0,050*3,*G*,*,**,-05))*,)25,8,0U%%*2*,/88#@*g*@#55@/88#&*#/'*%8-0*, PLh,%*2'*,0#5BHCH\,)5#5>#553EHJU8#@0(*#/*#@*#8),>*>55,*,,PL25>*K-**,)25,/5,55,)5%, @*/8#G/5,**,-05))*,)25,8)>*,8G*,/88#**,/*#P*0*#@*2*@#55@/88#-*#/'*%8-0*,H "#%#&"'(%")#**'""#+,#-+,#.,/0*/,"1%%'1*./2%"&",2"#*'"#3'"/*,4"'."#1*./2%"&5*#*2"'.& "&

5.4 Ontwikkeling van stappenplan voor de Leidraad 2.0 =*0 - P*25,>#L% 8G **, -05))*,)25, 0* (*PP*, /88# (*0 >8*@,#'(0*, /5, @* '7'26- /5, (*0 -*#/'*%8-0*,)#8'*-H10G8*0**,6,38#G-05))*,)25,NL,WU55#55,@*G5#%0N'(%5,(86@*,*,@50@* -*#/'*%8-0*,)#8'*--*,52-N8@5,>**,@6@*2L%*'7'26-@88#28)*,@*PL522*)5#0L*,P*%*,@-HR8/*,@*, G8*0@55#,@6@*2L%U8#@*,8)U*2%*ULN*@*%8-0*,U8#@*,@88#P*25-055,@*@/*#-*%8-0*,@#5>*#-W U55#8,@*#@*(66#@*#-dS*#G*62*,<h*G5,WBCDCW)HBDBfH;**@-/88#@50**,,*6UU,%*2'*,0#6G U8#@08)>*2*/*#@G8*0*#NL,,5>*@5'(08/*#(*0)5%%*0/5,2*/*#,>*,*,@*,-0*,55,@*(66#@*#-*, G8*0 *# U8#@*,,5>*@5'(0 8/*# **, >8*@* P*>#80,>H S82>*,- (*0 =5,@P8*% S5-0>8*@G5,5>*G*,0 ds*#g*62*,<h*g5,wbcdcw)hbdbfu8#@*,,@00#5l*'0/l3-05))*,8,@*#-'(*@*,h1*n*-05))*,nl, (*#8,@*#/*#@*#55,>*/62@080]-05))*,W,55#55,2*@,>/5,@08,@*#N8*%H"*,60>*P#*@*P*-'(#L/,> /5,@*/*#-'(22*,@*-05))*,-8)>*,8G*,,PL25>*KU55#0*/*,-**,5,527-*/5,@*(6@>*2*@#55@- 8)>*,8G*,H1*N*/8#G*,-5G*,**,>8*@60>5,>-)6,0/88#(*08)-0*22*,/5,@*2*@#55@BHCH &+9TDF.\+_"++"VS9Vm91";&"V;9V1SMM;h99;1"V =*08)-0*22*,/5,**,-05))*,)25,P*>,0G*0(*060N*00*,/5,@*%5@*#-*,#5,@/88#U55#@*,H &+9TBF\VS"V+9;\&";"VS9V="+&";S\Q"mM&+"VT;MQ"& =*0-*--*,0**28G522*5'0/0*0*,@*P,,*,(*0%5@*#/5,@*-*#/'*%8-0*,53#*%*,,>0*,/*,05#-*#*, *,@*N*&:9;+0*38#G62*#*,d;88N*,P6#><"*%*2-WDpp]fH &+9TJF1"4\V\";"VS9VS9&+"mM&+"VTM&+"V "#G8*0*,/5-0*-*#/'*%8-0*,)8-0*,*,-05,@55#@*,U8#@*,/5-0>*-0*2@H &+9TKFS9&+g"??\V?S9VR"1;9?"V"V94&T;9m"V\V1"=..;MS";""VmM:&+"V "#G8*0*,@6@*2L%*53-)#5%*,U8#@*,>*G55%08/*#@*P*@#5>*,*,53UL%,>*,0*,8)N'(0*/5,@* 60*,@*2L%*53#*%*,,>H &+9TiF&T"Q\4\"m""\&"V99V?99V1"1"&";S\Q"mM&+"V94;"m"V\V? S88#**,0#5,-)5#5,0**,@6@*2L%*53#*%*,,>*,G8*0*,*#-0#5%%*#'(02L,*,U8#@*,8)>*-0*2@G*0 P*0#*%%,>080@*-*#/'*%8-0*,53#*%*,,>H &+9TjFS9&+g"??"VS9V+"V1";T;Q"1.;"&"VM44";+"+;9A"Q+"Vd:9;m+QMV4M;:\+"\+f =*0-P*25,>#L%8G0*,@*#)#8'*@6#*-*,mT\[-/5-00*2*>>*,U*2%*U8#@*,8,@*#P86U@@88#G@@*2/5, @*U,%*2'*,0#6G%U520*0-G8,08#*,@*QR;"?28P52T#*G*#T#8)*#0*-5,527-*dN*PL25>*EfH &+9TEFM:?99V:"+:9;m++;"V1&"VS";9V1";\V?"V 1*/5-0>8*@G5,5>*#*,/*#(66#@*#G8*0*,G**>55,G*0@*/*#5,@*#*,@*/#55>/5,60@*G5#%0*, G8*0*,@*N*35'20*#*,55,@*(66#@*#-H &+9T]F4\V9g\&";"VF:"";+;9V&T9;9V+\""V&Q=;\AS"VS9V1"g"\1;991SMM;&";S\Q"mM&+"VBHC :55% *, P*-'(#L3 @6@*2L%* *, >8*@* 53-)#5%*, 8G0#*,0 @* -*#/'*%8-0*, *, @* 522* 53-)#5%*, @* @55#8G0#*,0U8#@*,>*G55%0H 5.5 Actiepunten voor Leidraad voor servicekosten bij winkelcentra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

155#,55-0-,(883@-06%J#**@->*%*%*,,55#@*;\Q&Q8@*83&*#/'*Q(5#>*-d;\Q&WBCDJf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pzetten van kwaliteitsmetingen _852-#**@-P*-'(#*/*,-(*0P*25,>#L%@50*#%#0-'(*)#*-050*,@'508#*,U8#@*,/5-0>*-0*2@8G@* %U520*0/5,@*>*2*/*#@*-*#/'*-*,@*,-0*,0*%6,,*,G*0*,H\,-5G*,U*#%,>G*0QR;"-(*#/88# #*'*,0*2L%**,**#-0*55,N*0>*2*/*#@@88#(*0)#8>#5GG5ZQR;"?28P52T#*G*#T#8)*#0*-[8)0*-05#0*, *,-/88#@0)#8>#5GG5**,Zl65207:*5-6#*G*,0[dQR;"WBCDJ5f)#8>#5GG58)>*-0*2@dN*PL25>*EfH\, @0 )#8>#5GG5 U8#@*, )*# 8,@*#U*#) @* %#0-'(* -6''*-35'08#*,W 8G>*/,>-/88#U55#@*,W %U520*0-P*,5@*#,>*,*,)#*-050*O,@'508#*,/5-0>*-0*2@dQR;"WBCDJ5fH+*/*,--@060>*P#*@G*0**, -88#0G*,6%55#0U55#,@*/*#-'(22*,@*@*,-0*,NL,8)>*,8G*,*,@*/88#**,P*)552@>*P86UU*283,*0#*2*/5,0NL,8G55,0*P*@*,H"*,/88#P**2@/5,@0Zl65207:*5-6#*G*,0[)#8>#5GG5*,**, /88#P**2@2L-0'HkHG*,6%55#0/5,@*2*/*#,>*,*,@*,-0*,-8)>*,8G*,,PL25>*EH RL(*08)-0*22*,/5,%U520*0-G*0,>*,-88%(*08)/8*@*,/5,55,,*G*#-*,2*/*#5,'*#-/5,P*25,>H_8 G8*0*,*#*,%*235'06#*,U8#@*,>*-066#@/88#@*U*#%N55G(*@*,@*88%@55@U*#%*2L%'8,38#G@* -*#/'*'8,0#5'0*, NL, 60>*/8*#@H MG **, *, 5,@*# G**0P55# 0* G5%*, - (*0 PL/88#P**2@ PL 230*, G8>*2L%8G@*230P*U*>,>*,0*G*0*,WN8@50@*8,@*#(86@-%8-0*,G**#,#*250*%6,,*,U8#@*, >*P#5'(0 G*0 (*0 55,052 230P*U*>,>*, @* @55@U*#%*2L% (*PP*, )2550->*/8,@*,H 10 P*@0 P*-)5#,>-G8>*2L%(*@*, *, /*#P*0*#,>*, 0*, 55,N*, /5, N8U*2 @* (66#@*#W /*#(66#@*# 52- @* /5-0>8*@G5,5>*#H 1*U,%*2'*,0#6G%U520*0-G8,08#%5,(*#,*/*,**,-**,P*25,>#L%*PL@#5>*2*/*#*,G*0P*0#*%%,> 080@*60-0#52,>/5,(*0U,%*2'*,0#6GW28'50*W*-*,/5,@*N*0L@W*0'*0*#5H155#,55-0-(*0/5,P*25,> @50@*2*/*#,>*,*,@*,-0*,8)N'(N*2388%U8#@*,>*5,527-**#@*,G**0P55#U8#@*,>*G55%0H"*, G8>*2L% '8GP,50* 06--*, @* U,%*2'*,0#6G%U520*0-G8,08# *, (*0 Zl65207 G*5-6#*G*,0 )#8>#5GG5[dQR;"WBCDJ5f%5,@55#,60%8G-0P*@*,H V55-0@*h,%*2'*,0#6GmU520*0-G8,08#*,(*0QR;"l65207:*5-6#*G*,0)#8>#5GG5(**3088%@*V"V **,,8#G8,0U%%*2@U55#,%U520*0-G*0,>*,NL,8)>*,8G*,H1*N*V"V,8#G-/88#528,0U%%*2@/88# 35'207G5,5>*G*,0*,P*@0(883@2L,*,55,/88#(*0G*0*,/5,%U520*0WP*@*,/5,-05,@55#@*,W*0 '*0*#5H1*N*V"VDEBBD-/*#@*#55,P8@>*%8G*,,PL25>*K*,/8#G0-5G*,G*0@*5,527-*/5,(6@>* 2*@#55@*,@*;\Q&Q8@*83&*#/'*Q(5#>*W**,P*25,>#L%*PL@#5>*/88#@*2*@#55@/88#-*#/'*%8-0*,BHCH "#%#&"'(%")#**'""#+,#-+,#.,/0*/,"1%%'1*./2%"&",2"#*'"#3'"/*,4"'."#1*./2%"&5*#*2"'.& "&

5.7 Deelconclusie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dS*#G*62*, <h*g5,wbcdcw)hbdbfh10-05))*,)25,n*0*#52-/82>060f -05)DF60N*00*,/5,%5@*#-*,#5,@/88#U55#@*, -05)BF,/*,05#-*#*,/5,(*0-*#/'*%8-0*,)#8'*- -05)jF@*3,*#*,/5,/5-0*%8-0*,)8-0*, -05)JF/5-02*>>,>/5,P*@#5>*,*,53-)#5%*,,@*(66#8/*#**,%8G-0*, -05)EF-)*'3*%**-*,55,>55,@*@*-*#/'*%8-0*,53#*%*,,> -05)KF/5-02*>>*,/5,0*,@*#)#'*@6#*-*,833*#0*0#5L*'0*,dG5#%0'8,38#G0*0f -05)iF8G>55,G*0G5#%00#*,@-*,/*#5,@*#,>*, -05)]F3,52-*#*,FG**#0#5,-)5#5,0**,-'(#L/*,/5,@*2*@#55@/88#-*#/'*%8-0*,BHC h5,,**#@*-*#/'*%8-0*,8)**,@*#>*2l%*g5,*#u8#@*,8)>*p86u@*,*#'8,-*k6*,0g**8gu8#@0 >*>55,WN52G**#0#5,-)5#5,0**,6,38#G0*0U8#@*,>*'#***#@,@*-*#/'*%8-0*,'7'26-*,N52*#G,@*# @-'6--*W3#6-0#50**,**,-'*)0-'(*(86@,>8,-055,PL@*(66#@*#-*,5,@*#*5'08#*,H155#,55-0-(*0 /5,>#880P*25,>@50F (*0@6@*2L%-U*2%*)8-0*,*#,@*-*#/'*%8-0*,N00*,*,2*>@088%>8*@/5-0n (*0@6@*2L%-U*2%*2*/*#,>*,*,@*,-0*,U8#@*,55,>*P8@*,dG*,6%55#0G*08)-8GG,>fn P*%*,@-U*2%*,-052250*-W/88#N*,,>*,*,@*#>*2L%**,G*0U*2%*)5#0L*,G*,N5%*,@8*0*, U55#8Gd/5-02*>>*,,**,@*G5#'50*2L-0fn P*%*,@-U50@*53-)#5%*,NL,8G0#*,0@*2*/*#,>*,*,@*,-0*,*,@*53#*%*,,>dG*,6%55#0/5, @*-*#/'*%8-0*,,'8GP,50*G*0G*0(8@*fn (*0@6@*2L%-(8*@*%8-0*,/*#@*2,>080-05,@%8G0*,U**##-'8@#5>*#-n (*0>*U*,-0*%U520*0-,/*56>*@*3,**#@*,P*%*,@-d/5-02*>>,>@88#G@@*2/5,mT\[-fn *#**,>*-05,@55#@-**#@*P*>#80,>/5,@*-*#/'*%8-0*,U8#@0>*>*/*,n *#**,6,38#G**,>*-05,@55#@-**#@*53#*%*,,>U8#@0>*>*/*,G*0**,@6@*2L%*602*>n @6@*22L%-U50@*53-)#5%*,NL,8G0#*,053#*%*,,>W0L@W/*#@**2-2*60*2-W*0'*0*#5n *#**,*#%*,,,>83'*#03'550U8#@060>*>*/*,U5,,**#G*,N'(55,@*2*@#55@(86@0WN8@50 )5#0L*,N'(*#55,'8,3#G*#*,*,N'(*#PL55,-260*,H102*@0080d(f*#%*,,,>,@*G5#%0H 188#@*-)*'3*%*P*,5@*#,>,@*2*@#55@*,60>*P#*@*8G-'(#L/,>>**30@*N*5,0U88#@8)/**2 /#5>*,P,,*,@*-*#/'*%8-0*,)#8P2*G50*%*,2*@0@0080G**#0#5,-)5#5,0**,6,38#G0*0H _852-#**@-P*-'(#*/*,,@08,@*#N8*%-(*0P*25,>#L%@50*#mT\[-U8#@*,/5-0>*-0*2@8G@*%U520*0 /5,@*>*2*/*#@*-*#/'*-*,@*,-0*,0*%6,,*,G*0*,H\,-5G*,U*#%,>G*0QR;"-(*#/88##*'*,0*2L% **,**#-0*55,N*0>*2*/*#@@88#**,Zl65207:*5-6#*G*,0[dQR;"WBCDJ5f)#8>#5GG58)0*-0*22*,H1* U,%*2'*,0#6G%U520*0-G8,08#%5,*/*,**,-**,P*25,>#L%*PL@#5>*2*/*#*,G*0P*0#*%%,>080@* 60-0#52,>/5,(*0U,%*2'*,0#6GW28'50**,@**-*,/5,@*N*0L@G55#88%G*0(*0G*0*,/5,@*%U520*0 /5,@*2*/*#,>*,*,@*,-0*,H"*,G8>*2L%'8GP,50*06--*,@*U,%*2'*,0#6G%U520*0-G8,08#*,(*0 Zl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pWBHB^BHJWjHB*,JHB^JHEH "#%#&"'(%")#**'""#+,#-+,#.,/0*/,"1%%'1*./2%"&",2"#*'"#3'"/*,4"'."#1*./2%"&5*#*2"'.& "&

6. MARKTINGREPEN: BENCHMARKEN VAN SERVICEKOSTEN 188#G@@*2/5,@0(883@-06%-(*0)#8'*-8G0#*,0(*0P*,'(G5#%*,/5,-*#/'*%8-0*,PLU,%*2'*,0#5, V*@*#25,@P*(5,@*20H=*#PL-(*0,60*,,88@N55%/5,P*,'(G5#%*,WP*,'(G5#%55,N*00*,/5,Agg*, ht:>*5,527-**#@*,-p*-'(#*/*,g*0u*2%*35'08#*,g*,#*%*,,>g8*0(86@*,pl(*0p*,'(g5#%*, /5,-*#/'*%8-0*,PLU,%*2'*,0#5H10(883@-06%>**30@55#G**5,0U88#@8)@*@**2/#5>*,DH]WjHDWJHD*, JHBH "#%#&"'(%")#**'""#+,#-+,#.,/0*/,"1%%'1*./2%"&",2"#*'"#3'"/*,4"'."#1*./2%"&5*#*2"'.& "&

6.1 Benchmarken van servicekosten bij winkelcentra :8G*,0**2P*-0550*#,8>>**,*'(0*P*,'(G5#%/88#-*#/'*%8-0*,PLU,%*2'*,0#5H=*08,0P#*%*,/5, @*P*,'(G5#%-0*>*2L%*#0L@88%(*0)#8P2**GH"#NL,,@508)N'(0@6-U*,>#*3*#*,0*-P*-'(%P55#H h*2->*)#8p**#@8g**,p*,'(g5#%0*8,0u%%*2*,@88#ht:;*052dht:?#8*)wbcdjfwg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d53(5,%*2L%/5,(*0)*#'*,05>*/5,@*P5,@P#**@0*f[d",'7'28WBCDJfHS88#-*#/'*%8-0*,N52 @*N*P5,@P#**@0*U8#@*,>*N8'(0,**,G5bG552d(88>-0*fP*@#5>@50/88#**,-*#/'*U8#@0P*0552@*, **,G5bG552d255>-0*fP*@#5>@50/88#**,P*)552@*-*#/'*U8#@0P*0552@H\,(883@-06%iU8#@0/*#@*#,>*>55,8)@*N*P5,@P#**@0*,@*-*#/'*%8-0*,5,527-*8/*#@*)8#0*3*622*/5,QR;"H 6.2 Nut en noodzaak van benchmarking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ds*#g*62*, < h*g5,wbcdcw)hbdjfh=*0p*,'(g5#%*,/5,@*-*#/'*%8-0*,/5,u,%*2'*,0#5,@0(883@-06%/*#@*# 60**,>*N*0HS82>*,-"@A*,%,-/5,&05,@5#@g3*\,/*-0G*,0-dAggWBCDjf-(*0Z\,@*N*G8*2L%* *'8,8G-'(*0L@*,G8*0*,U,%*2'*,0#5'8,'6##*#*,8G>8*@*%U520*0P*N8*%*#-0*0#*%%*,H155#8G- (*0/5,*--*,0**2P*25,>/88#*>*,5#*,8G@*(88>-0*%U520*0/5,@*@*,-0/*#2*,,>0*>*,@*G**-0 *33'v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gg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

@* @#6% *, -'*)0-'(* (86@,> /5, @* (66#@*#- /*#G,@*#*,H 1* -*#/'*%8-0*, %6,,*,, @* >*(*2* /5->8*@G5#%0>#83U*>U8#@*,,>*@**20,N*/*,(883@%8-0*,)8-0*,W0*U*0*,dS*#G*62*,<h*G5,W BCDCW)HBCKfF DH 9@G,-0#50*%8-0*,n BH ",*#>*%8-0*,d,'26-*3U50*#fn jh \,>*(66#@*@*,-0*,n JH M,@*#(86@-'8,0#5'0*,n EH =*33,>*,*,P*25-0,>*,n KH S*#N*%*#,>*,n ih 1/*#-*,H R8/*,>*,8*G@*%8-0*,)8-0*,NL,*'(0*#*,8#GP#**@H=*0N*>0,8>,*0-8/*#@*%8-0*,)8-0*,WU* U55#/88#G8*0P*052*,*,(8*(88>@*N*%8-0*,>*G@@*2@G8>*,NL,H1*@*3,0*/5,%8-0*,)8-0*,N852- @*N*,)5#5>#553jHi->*@*3,**#@G8*0@55#8GG**#52-8,@*#2>>*#*,60P#*@,>0*U8#@*,>*2*N*,8) P8/*,>*,8*G@*)8-0*,F m8-0*,)8-0*,-*#/'*%8-0*,53#*%*,,> DH 9@G,-0#50* BH "2*%0#5 jh?5- JH =6-G**-0*# EH d#*>62*#f&'(88,g55% KH S62/*#U*#%,> ih M,>*@*#0*P*-0#L@,> ]H R*/*2>,>*,-6#/*225,'* ph R#5,@P*/*2>,> DCH &)#,%2*#,-052250* DDH g30*, DBH ;820#5))*, Dj d5608g50-'(*f+8*>5,>-@*6#*, DJH M/*#>*0*'(,-'(*,-052250*-d-)*'3'50*,88@N5%*2L%f DEH M/*#>*)8-0*,d-)*'3'50*,88@N5%*2L%f Figuur 33 Kostenpostenverdeling servicekostenafrekening (eigen bewerking) \`[8EIXB\]X6]I :*0**,>8*@*P*,'(G5#%%6,,*,@*-*#/'*%8-0*,G*0*2%55#U8#@*,/*#>*2*%*,*,%5,8)@*G5,*#8) 0*#GL, (*0 /88#-'(80 *, 53#*%*,,> P*0*#, 2L, U8#@*, >*P#5'(0 *, U*0*, )5#0L*, U50 G*, %5, /*#U5'(0*,H"*,>8*@*P*,'(G5#%%5,0*/*,-**,@6@*2L%*P5,@P#**@0*08,*,/5,@*-*#/'*%8-0*,H1* P5,@P#**@0*, -*#/'*%8-0*, /*#-'(20 )*# U,%*2'*,0#6GW )*# 07)* U,%*2'*,0#6G *, /55% 88% )*# *>*,55#H10(**30*#G**0*G5%*,@50*2%'*,0#6G*,*2%**>*,55#5,@*#--W*,*#>**,-05,@55#@G8@*2 83)5%%*0/88#(5,@*,-H 6.3 Benchmark JLL in Engeland Agg (**30W,55-0 @50 (*0 #**@- *,%*2* L5#*, **, P*,'(G5#% /88# %5,08#*, (**30 8,0U%%*2@W 88% **, P*,'(G5#% /88# U,%*2'*,0#5 8,0U%%*2@H 1*N* - U*2-U55# >*P5-**#@ 8) D]E U,%*2'*,0#5 *,%*2, ",>*25,@WG55#(*0>**30U*2@50NL)#8P*#*,8G@*-*#/'*%8-0*,88%PLU,%*2'*,0#5G**#/*#>*2L%P55# U22*,G5%*,dAggWBCDjfH\,PL25>*p-**,P*%,8)0*5,527-*/5,@*N*P*,'(G5#%8)>*,8G*,H M8\^@F\I6Bc8`\[\8^ZBEIU_] =*06,*%*/5-0>8*@%5#5%0*#/5,*2%U,%*2'*,0#6GG55%0(*025-0>/*#>*2L%*,H45'08#*,52-2**30L@WP86UW @*,/*56-/5,G*'(5,-'(**,*2*%0#-'(*5))5#5066#W>*G**,-'(5))*2L%*#6G0**,#6G0*-)*'3*%* %*,G*#%*,N622*,55,N*,2L%/*#-'(22*,PL(*0/*#>*2L%*,G*0,@/@6*2*U,%*2'*,0#5[dAggWBCDjfH U78]]@]E6Z8F^_EI\ 1*P*,'(G5#%@*-8,0U%%*2@#'(0N'(/88#,5G*2L%8)>*G@@*2@*-*#/'*%8-0*,PLU,%*2'*,0#5H Z=*#PLG8*0@5,88%8)>*G*#%0U8#@*,@50(*0>*P#6%/5,>*G@@*2@*,N8#>0/88#**,53UL%,>*, U55#PL,*0522*'*,0#560>5/*,@8*,8,@*#522*%8-0*,'50*>8#*v,W*,*#88%%8-0*,U8#@*,>*P8*%0 8,@*#8/*#>*60>5/*,H1*N*8/*#>*60>5/*,U8#@*,PL/88#P**2@@5,88%522**,/*#>*2*%*,G*05,@*#* U,%*2'*,0#5@*88%**,)8-08/*#>*60>5/*,(5,0*#*,[dAggWBCDjfH "#%#&"'(%")#**'""#+,#-+,#.,/0*/,"1%%'1*./2%"&",2"#*'"#3'"/*,4"'."#1*./2%"&5*#*2"'.& "&

E6Z8F^_EI\Z6U@8`^XBB67B^\ MG@*-*#/'*%8-0*,PLU,%*2'*,0#5*,>-N,-G*0*2%55#0*/*#>*2L%*,(**30G*,**,@#*052/*#-'(22*,@* 5,527-*->*G55%0dAggWBCDjfF?*G@@*2@*%8-0*,8)P5--/5,)*#'*,05>*-F o (*#G**>**30G*,55,U*2%07)*-*#/'*%8-0*,(8*NU55#G**U*>*,,@*>*G@@*2@* -*#/'*%8-0*,53#*%*,,>H &*#/'*%8-0*,0*,8)N'(0*/5,>#8800*/5,@*'*,0#5F o =*0-@6@*2L%60@*>*>*/*,->*P2*%*,@50*#>**,55,088,P5#*-'(552/88#@*2*,NL, U55#0*,*G*,,>#80*#*'*,0#5H\,-8GG>*>*/522*,-N*23-(*08G>*%**#@*U55#H10 %5,G*@*U8#@*,/*#%255#@@88#@*'8G)2*b0*0*,@*-)*'3'50*/5,@*,-0*,P,,*, >#80*#*'*,0#5H &*#/'*%8-0*,0*,8)N'(0*/5,07)**,28'50*F o =*#, U8#@0 55,>*088,@ U50 @* 28'50* *, 07)* U,%*2'*,0#5 /5,,/28*@ NL, 8) @* -*#/'*%8-0*,H"'(0*#>55088%@08)P5--/5,>*G@@*2@*,*,)*#'*,05>*- ^_EI\E 6I\\FBIU_68\ +80-280 - PL @* P*,'(G5#% **, 8/*#N'(0 8)>*,8G*, G*0 **, /5-0 55,052 ddbf %8-0*,-88#0*, *, '50*>8#**,H 6.4 Type kosten en verdeling S82>*,@8)@*P*,'(G5#%/5,Agg-*#88%@88#hT:;*052dhT:?#8*)WBCDJf**,55,N*0080**, P*,'(G5#%/88#U,%*2'*,0#5,V*@*#25,@>*G55%0H=*#,5/82>0**,/*#@*2,>/5,@*-*#/'*%8-0*,,55# 07)*U,%*2'*,0#6GW28'50*W>*-'(500*38803522*,)5%%*055,2*/*#,>*,*,@*,-0*,/82>*,-@*G550-05/*, @*ht:(**30>*p#6%0,(55#z%*,>*0522*,/88#-*#/'*%8-0*,[dht:?#8*)wbcdjfh _JX_[MZB\]E6Z8F^_EI\\E6Z8F^_EI\BO6^\8\U 1* 07)* %8-0*, @* PL -*#/'*%8-0*,53#*%*,,>*, U8#@*,>*)#*-*,0**#@28)*, -0*#% 60**,H Z&8G- NL, *# G**#@5,BDE%8-0*,-88#0*, P*-'(%P55#, @* 5@G,-0#50*-7-0*G*, d8h5h ;":&f /88# 522**, -*#/'*%8-0*,H=*#@88#-*# **,8,@6@*2L%*8)P86U*, @0 2*@0 *#08* @50 %8-0*, G8*2L% 0* /*#>*2L%*, NL, G*0 @* /*#-'(22*,@* U,%*2'*,0#5[ dht:?#8*)w BCDJfH ht: (**30 /88# @* Figuur 34 Kostenpostenverdeling volgens WPM (WPM, 2014) P*,'(G5#% **, **#-0* 55,N*0 >*G55%0 G*0 @* 5,527-* /5, @* *>*, )8#0*3*622*H Z\, @*N* **#-0* 35-* NL, 522* -*#/'*%8-0*,53#*%*,,>*, P,,*, @* P*(**#)8#0*3*622* /5, ht: ddbe )#8L*'0*,f >*5,527-**#@H 1* /*#-'(22*,@*%8-0*,)8-0*,NL,>*#6P#'**#@*,,>*@**2@,/*#-'(22*,@*>#8*)*,%8-0*,)8-0*,H155#PL NL,j]G8>*2L%*-*#/'*%8-0*,)8-0*,>*(5,0**#@H"'(0*#P2**%88%@*N*-*2*'0*/5,j])8-0*,0*/**20* NL,*,-@00*#6>>*P#5'(0,55#DK)8-0*,/88#@*-*#/'*%8-0*,*,53#*%*,,>[dhT:?#8*)WBCDJf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

8/*#@*%0*)5--5>*W/55%G,@*#%8-0*,08*P*@**20%#L>*,W@5,U,%*2-@*@55@U*#%*2L%55,@*)5--5>* NL,>*/*-0>@H"*,/*#@**2-2*60*2%5,*#52-/82>060N*,F Z%%':"/>"=*4"#1*#:"/,#*'/,)"4RjAT1*#&"*42"5"#">"=*4,#2"#2"#%"5&"**#&""43+%'&/%=&"&%%':00'&"'2":00'&">'0/% >"&',V<.14%"'%=="'14*)/"""#:"'4",&,#2<*;/%'/%"2"=*./,#1"'>*#&5"/4,22,#2"#k%<2'%%//"1*#:"/2":00'&"A M,#)"4'0,5/"? Y"'4",&,#2.<*;/%'? ""'./"Sla5m RAaa =40.1%%'&"&**'%=1%42"#&"SlR-laa5m a3nl =40.1%%'&"&**'%=1%42"#&"laR-RAaaa5m a3jw =40.&"&**'%=1%42"#&"RAaaR5m"#5""' a3lt -Z%%'+,#)"4'0,5/"#&,"2"4"2"#(,V#**#&">0,/"#(,V&"1*#:"/+,#)"4;"#/'05"#*44""#1,*&"./'**/(,V&"/%"2*#)"4,V)(,V#3,.&" :"'4",&,#2<*;/%'a3lT1*#/%"=*..,#2A -7*2*(,V#"#"#/"''*.."#:">>"#""#:"'4",&,#2<*;/%'1*#a3SjA Y"/&%%':00'&"'1"'.;:04&,2&""1"#'"&,2&""41*#&"."'1,;")%./"#,.2"4,V)**#&":"'4",&&">'0/%>"&',V<.14%"'%=="'14*)/"3/"#>":%"1" +**'1*#&" &".>"/'"<<"#&"."'1,;")%./"#+%'&"#2"5**)/A8#&,"# 1"'*#&"',#2"#%=/'"&"#,#&" /%/*4" 1"':00'>*'" '".=";/,"1"4,V) :"'4",&&"%=="'14*)/"#3%<,#&"/%"'")"#>**':",&**#*<(%#&"'4,V)"'0,5/"#3,.1"':00'&"'2"'";:/,2&:"/&%%':00'&"'/">"/*4"# "1"#'"&,2&""41*#&"."'1,;")%./"#%1"'""#)%5./,2/":"'(,"#A]":"'4",&&"%=="'14*)/"1*#:"/&%%':00'&"'2":00'&">"&'**2/;,';* oooaa5sa Figuur 35 Voorbeeld omschrijving staffel in huurovereenkomst (CBRE, 2014) 155#,55-0-(*0G8>*2L%@50**,/*#(66#@*#@*N*/*#@**2-2*60*2%5,ULN>*,*,@55#@88#88%(*055,@**2 -*#/'*%8-0*,/5,@*(66#@*#-%5,ULN>*,HM8%%5,(*0/88#%8G*,@50>#80*(66#@*#-**,%8#0,>%#L>*, 8) @* -*#/'*%8-0*,W U5,,**# PL/88#P**2@ >#80* %*0*,- G**#@*#* U,%*26,0- (6#*, *, @0 8) **, (66#8/*#**,%8G-053-260*,H=*#@88#%#L>*,NL**,G5'#8/88#@**2*,P*052*,NL@6-,/*#(86@,>G,@*# dht:?#8*)wbcdjfh=*0n86/88#@*g5#%0>8*@nl,u5,,**#88%(*#**,@6@*2l%*-0*22,>,5g*,u8#@0 >*,8G*,W N8@50 @*N* 8,@6@*2L%(*@*, U8#@*, #*'(0>*0#8%%*,W @5,U*2 @50 @*N* 53-)#5%*,,N'(0*2L% U8#@*,>*G55%0N8@50*#>**,@-'6--*G**#8/*#N528,0-055,H 6.5 Factoren van invloed op de servicekosten MG**,>8*@*P*,'(G5#%0*8,0U%%*2*,NL,**,55,052#5,@/88#U55#@*,/5,08*)5--,>F =*055,2*/*#*,/5,/52@*>*>*/*,-n S*#N5G*2*,/5,5'06*2*>*>*/*,-*,5'06*2*8,@*#(86@-'8,0#5'0*,n _8#>*,/88#**,0L@>*53#*%*,,>N8@50*#>**,8/*#25)-n S5-0-0*22*, /5, **, /5-0 55,052 %8-0*,)8-0*, U55#8) >*P*,'(G5#%0 %5, U8#@*,W 8G (*0 8/*#N'(0*2L%0*(86@*,N86**,55,052/5,06--*,@*DE*,BC%8-0*,)8-0*,@*552NL,n 1*'L3*#-U8#@*,55,>*2*/*#@/82>*,-**,/5-0*,>*-05,@55#@-**#@38#G50n "#**,@6@*2L%*8G-'(#L/,>-8)U*2%U,%*2'*,0#6GW(*007)*U,%*2'*,0#6GW@*@/*#-0*0/5, U,%*2-W@*)5--5,0*,-0#88GW@*>*P86U%*,G*#%*,*,@*28'50*@*'L3*#-/5,08*)5--,>NL,H "#NL,/*#-'(2*,@*35'08#*,/5,,/28*@8)@*-*#/'*%8-0*,H1*N*35'08#*,NL,8,@*#5,@*#*28'50**, 2>>,>W 8)*,O 83 >*-280*, U,%*2'*,0#5W >*U*,-0 %U520*0-,/*56W 8))*#/25%0*W *, @*#>*2L%*H S88# @* P*,'(G5#%@*hT:(**308)>*-0*2@NL,@*U,%*2>*P*@*,>*07)**#@/82>*,->5,>P5#*,@*2,>*,dhT:?#8*)WBCDJfF S82>*,- @* #*>62*#*,@*2,>*, dp66#0ow UL%U,%*2'*,0#5W >#880-'(52>* '8,'*,0#50*-W P,,*,-0*@*2L%*)#8L*'0*,*0'Hfn g5,@*2l%*2>>,>x#*>8,52*2>>,>n R86UL55#/5,(*0U,%*2'*,0#6Gn V55#>#8800*/5,(*0'*,0#6Gd,'26-*383*b'26-*3>*G**,-'(5))*2L%*#6G0*-nP/8080552fn V55# #6G0*2L% 8)N*0W 0* U*0*, 8)*, 83 8/*#@*%0 G55#, #*250* 080 >#8800* /5, >*G**,-'(5))*2L%*#6G0*n?*U*,-0%U520*0-,/*56H =*#,5/82>0**,/*#@*#*60**,N*00,>8)P5--/5,@*(*#P8/*,>*,8*G@*)6,0*,H "#%#&"'(%")#**'""#+,#-+,#.,/0*/,"1%%'1*./2%"&",2"#*'"#3'"/*,4"'."#1*./2%"&5*#*2"'.& "&

@_FBI8IdJ S82>*,- (*0 8,@*#N8*% /5, ht: dbcdjf NL, *# Z/*#-'(22*, U55# 0*,*G*,,55# 28'50*07)*H 1*N* /*#-'(22*,06--*,'*,0#52*U,%*2>*P*@*,*,P66#0O*, UL%U,%*2>*P*@*, d8,@*#-0*6,*,@* U,%*2>*P*@*,f NL,,*0 N8 >#880H =*0 /*#-'(2 G*0 >#880-'(52>* '8,'*,0#50*--*'(0*#*55,N*,2L%[dhT:?#8*)WBCDJfH \,05P*2(*#,55-0-/*#-'(2,N'(0*2L%>*G55%0dhT:?#8*)WBCDJfH1*>*,8*G@*)#LN*,%8G*,8/*#**,G*0 @* >*,8*G@* 55,N*0 /88# P*,'(G5#% 8/*# @* )8#0*36*22*/5,QR;"H X_[M`BB6 =*0-8)G*#%*2L%@50W/82>*,-(*08,@*#N8*%/5,hT:dBCDJfZ(*0P86UL55#/5,@*U,%*2'*,0#5>**, @#*'0*,/28*@ (**30 8) @* -*#/'*%8-0*, )*# GBH 10 (**30 /*#G8*@*2L% 0* G5%*, G*0 (*0 3*0 @50 8,@*#,*G*#-,U,%*2'*,0#5/55%N*23/*#5,0U88#@*2L%NL,/88#(6,*>*,U,%*26,0W*,@*N*%8-0*,@6-,*0 U8#@*, G**>*,8G*,, @* -*#/'*%8-0*,H 1* -*#/'*%8-0*, NL, *,%*2 /5, 08*)5--,> 8) @* >*G**,-'(5))*2L%*Z%8-0*,[,(*0'*,0#6G[H _J\_O_Z6]^IM8\^@F\I6B =*0 /*#-'(2 06--*, 8/*#@*%0* *,,*0O 83 >*@**20*2L% 8/*#@*%0* U,%*2'*,0#5 - >#880H Z10 /*#-'(2-0* /*#%25#*, @88# (*0 3*0 @50 PL/88#P**2@ PL,*0 8/*#@*%0*U,%*2'*,0#5(*08)*,P55#>*P*@/55%PL@* >*G**,0* (88#0H 10 -'(**20 @5, /88#,5G*2L% -'(88,G55%O*,P*/*2>,>-%8-0*,[dhT:?#8*)WBCDJfH 10 /*#-'(2-88% >*/8,@*,, @* 5,527-* /5, @* )8#03*622*/5,QR;"H 6U8_\B@@8UU8\U S82>*,-hT:dBCDJf(**30Z@*)#8/,'**,#*>8U55#, **, U,%*2'*,0#6G - >*2*>*, @#*'0,/28*@ 8) @* (88>0* /5, @* -*#/'*%8-0*,O53#*%*,,>H 1* )#8/,'* ggp6#>->8*@%8)*#,/*#(86@,>080(*0>*g@@*2@* /5,V*@*#25,@*,,@*;5,@-05@NL,@*-*#/'*%8-0*, 0*, 8)N'(0* /5, (*0 >*G@@*2@* /5, V*@*#25,@ (*0 (88>-0H _* %55#0 /88# @* >*G@@*2@* )#LN*, /5, -*#/'*%8-0*,,V*@*#25,@,BCDJ[dhT:?#8*)WBCDJfH _JJ6Z@B^I ht:dbcdjf>**3055,,(*08,@*#n8*%@50nl(*pp*, >*@55,@50(*0Z8)/522*,@-@50U,%*2'*,0#5@***, 8))*#/25%0*(*PP*,0808,>*/**#DDHCCCG}P/8>**, /*#-'(208,*,H155#*,0*>*,-U*2(*0P**2@0*N*,@50 /88#U,%*2'*,0#5@*>#80*#NL,@5,8,>*/**#DDHCCCG} @*-*#/'*%8-0*,)*#/*#%5,0*G*0*#25>*#2>>*,H[ I_JBEE\ZB\]^MB@8I8IE7_\8I_6\_JEI@@\ ZB\^J8NE _852-#**@-P*-'(#*/*,-(*0P*25,>#L%@50*#%#0-'(* )#*-050*,@'508#*,U8#@*,/5-0>*-0*2@8G@*%U520*0 *,(*0>*U*,-0*,/*56/5,@*>*2*/*#@*-*#/'*-*, @*,-0*, 0* %6,,*, G*0*,H 1* U,%*2'*,0#6G %U520*0-G8,08# %5, (*#, **, P*25,>#L%* PL@#5>* Figuur 36 Analyse servicekosten per m2 per type winkelgebied (WPM, 2014) Figuur 37 Analyse servicekosten per m2 naar ruimtelijke opzet (WPM, 2014) gemiddeld: 10,97 9,41 12,37 17,22 5,02 7,86 5,03 11,35 7,25 3,05 9,12 5,93 Figuur 38 Analyse gemiddelde servicekosten in Nederland (WPM, 2014) "#%#&"'(%")#**'""#+,#-+,#.,/0*/,"1%%'1*./2%"&",2"#*'"#3'"/*,4"'."#1*./2%"&5*#*2"'.& "&

2*/*#*,*,@88#QR;"-#*'*,0*2L%**,**#-0*55,N*0>*2*/*#@/88#(*08)-0*22*,/5,mT\[-@88#(*0 )#8>#5GG5ZQR;"?28P52T#*G*#T#8)*#0*-[8)0*-05#0*,G*0**,Zl65207:*5-6#*G*,0[)#8>#5GG5 dqr;"w BCDJ5fW N* PL25>* EH \, @0 )#8>#5GG5 U8#@*, )*# 8,@*#U*#) @* %#0-'(* -6''*-35'08#*,W 8G>*/,>-/88#U55#@*,W %U520*0-P*,5@*#,>*,W *, )#*-050*O,@'508#*, /5-0>*-0*2@ dqr;"w BCDJ5fH =*#55, U8#@*, /*#/82>*,- @* U55#@*#,>*, >*%8))*2@ *, >#5@50*- /5, (*0 07)* >*P86U G*0 PLP*(8#*,@*@*,-0/*#2*,,>dQR;"WBCDJ5fH 6.6 Benchmarken en vergelijken "*,P*25,#L%*#*@*,/88#(*0/88#52-,8>,*0080-05,@%8G*,/5,**,P*,'(G5#%/88#-*#/'*%8-0*,PL U,%*2'*,0#5,V*@*#25,@-8G@50@*-*#/'*%8-0*,/5,V*@*#25,@-*U,%*2'*,0#5G8*2L%G*0*2%55#0* /*#>*2L%*,NL,H X\FY7B6^\ZB\E6Z8F^_EI\X8`M8\^@F\I6B &*#/'*%8-0*,PLU,%*2'*,0#5250*,N'(,/*#(86@,>G*0%5,08#*,83U8,,>*,25-0>P*,'(G5#%*,H10 %8G0G*0,5G*@88#@50U,%*2'*,0#5/55%U8#@*,>*N*,52-**,Z6,*%[-06%/5-0>8*@HS82>*,-=88>25,@ d=88>25,@wbcdjfg8*0l***,zu,%*2'*,0#6gn*,52-**,8,@*#,*g,>h=*0-**,p*@#l3@*@*%25,0g8*0 P*@*,*,*,U55#@*%25,0N'()#*00>/8*20H10P*0*%*,0@50**,%25,0N'(/*#0#86U@G8*0/8*2*,W*# >#55>%8G0d*,0*#6>%8G0fW**,%25,0/*#G55%0G8*0U8#@*,*,/*#2*@0080(*0%8)*,/5,@*)#8@6'0*, @*U8#@*,55,>*P8@*,*,G8*0(*0U,%*2'*,0#6G**,L6-0*P*2*/,>*,%5#5%0*#60-0#52*,Hh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`^\ZB\E6Z8F^_EI\X8`M8\^@F\I6B =*0/*#>*2L%*,/5,-*#/'*%8-0*,PLU,%*2'*,0#5-G8*2L%@88#@50*#522**,,V*@*#25,@528,@*#-'(*@ U8#@0>*G55%0,N*/*,/*#-'(22*,@*07)*,U,%*2'*,0#5H"2%U,%*2'*,0#6G-5,@*#-8)>*P86U@*,(**30 0*G5%*,G*05,@*#*35'08#*,*,,/28*@*,@*/5,08*)5--,>NL,F O 5,@*#*55,0522*,P*N8*%*#-U55#@88#@*38803522@6-/*#-'(22*,@-n O /*#-'(22*,@*-5G*,-0*22,>*,/5,U,%*2-(**30d5--8#0G*,0*,@/*#-0*0fn O /5,5,@*#*8#@*/5,>#8800*-dGB[-fn O -8G-U*2*,-8G-,*0/88#N*0,@*2*/*#,>/5,*2*%0#5*,*,*#>*83@50*2%*U,%*2 @55#,N'(0N*23G8*0/88#N*,n O 8)**,5,@*#*28'50*-0550n O **,5,@*#*%U520*0U2,5-0#*/*,n O **,5,@*#*P*2*/,>*,P*2*/,>-U55#@*%*,0n O 8)*,83>*-280*,%5,NL,n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

6.7 Deelconclusie =*0,60 *,,88@N55% /5, P*,'(G5#%*, *, @*,88@N55% 8G0#*,0 /*#%#L>*, /5, 0#5,-)5#5,0*, @* -*#/'*%8-0*,PLU,%*2'*,0#5-*/@*,0H155#,55-0N86@*,*#%*,>*0522*,G8*0*,U8#@*,8,0U%%*2@8G @*-*#/'*%8-0*,0*G*0*,*,-(*0,0*#*--5,08G0*%L%*,U50@*/*#-'(22*,NL,,@*(88>0*/5,@* -*#/'*%8-0*,06--*,/*#-'(22*,@*U,%*2'*,0#5*,U55#@88#@*N*/*#-'(22*,U8#@*,/*#88#N55%0H"'(0*#- (*025-0>*PLU,%*2'*,0#5@50Z*2%U,%*2'*,0#6G6,*%-*,N'(@55#@88#G8*2L%2550/*#>*2L%*,dAggW BCDjfH155#,55-0-(*08,0U%%*2*,/5,**,P*,'(G5#%G8*2L%8G@50*#,8>U*,>6,38#G0*0,@* -*#/'*%8-0*,-*,@*53#*%*,,>*,,*08)**,6,38#G*G5,*#U8#@*,8)>*-0*2@H"#N52@6-**#-0G8*0*, U8#@*,>*%*%*,55,(*0G**#6,38#G*,-05,@55#@)#*-*,0*#*,/5,@*-*#/'*%8-0*,*,53#*%*,,> 52/8#*,-*#/52@*>*>*/*,-%6,,*,U8#@*,>*P#6%0/88#**,P*,'(G5#%H :*0**,>8*@*P*,'(G5#%%6,,*,@*-*#/'*%8-0*,*'(0*#U*2G*0*2%55#U8#@*,/*#>*2*%*,*,%5,8)@* G5,*#8)0*#GL,(*0/88#-'(80*,53#*%*,,>P*0*#,2L,U8#@*,>*P#5'(0H"*,>8*@*P*,'(G5#%%5, 0*/*,-**,@6@*2L%*P5,@P#**@0*250*,N*,/5,@*-*#/'*%8-0*,@*/88#0/28**,60@*2*/*#,>*,*, @*,-0*,H1*P5,@P#**@0*,-*#/'*%8-0*,/*#-'(20)*#d07)*fU,%*2'*,0#6G*,/55%88%)*#*>*,55#H10 (**30*#G**0*G5%*,@50*2%'*,0#6G*,*2%**>*,55#5,@*#--*,*#>**,-05,@55#@G8@*283)5%%*0 /88#(5,@*,-HS88#-*#/'*%8-0*,N52@*N*P5,@P#**@0*U8#@*,>*N8'(0,**,G5bG552d(88>-0*fP*@#5> @50/88#**,-*#/'*U8#@0P*0552@*,**,G5bG552d255>-0*fP*@#5>@50/88#**,P*)552@*-*#/'*U8#@0 P*0552@HAgg(**30W,55-0@50(*0#**@-*,%*2*L5#*,**,P*,'(G5#%/88#%5,08#*,(**308,0U%%*2@W88%**, P*,'(G5#% /88# U,%*2'*,0#5, ",>*25,@ 8,0U%%*2@ daggw BCDjfH =8*U*2 (*0,8> >**, 60>*P#*@* P*,'(G5#% -W >**30 (*0 U*2 55, @50 NL )#8P*#*, 8G @* -*#/'*%8-0*, 88% PL U,%*2'*,0#5 G**# 0* /*#>*2L%*,HMG**,>8*@*P*,'(G5#%0*8,0U%%*2*,NL,**,55,052#5,@/88#U55#@*,/5,08*)5--,>H 1*N*NL,8,@*#5,@*#*F (*055,2*/*#*,/5,/52@*>*>*/*,-n N8#>*,/88#5'06*2*>*>*/*,-*,5'06*2*8,@*#(86@-'8,0#5'0*,n (*08)0L@G5%*,/5,**,53#*%*,,>N8@50*#>**,8/*#25)-n /5-055,052%8-0*,)8-0*,U55#8)>*P*,'(G5#%0%5,U8#@*,W06--*,@*DE*,BC)8-0*,-@*552n 'L3*#-G8*0*,U8#@*,55,>*2*/*#@/82>*,-**,/5-0*,/82>*,-**,>*-05,@55#@-**#@38#G50n N8#>*,/88#@6@*2L%*8G-'(#L/,>8)U*2%U,%*2'*,0#6GW(*007)*U,%*2'*,0#6GW@*@/*#-0*0 /5,U,%*2-W@*)5--5,0*,-0#88GW@*>*P86U%*,G*#%*,*,@*28'50*@*'L3*#-/5,08*)5--,>NL,H "#NL,@55#,55-0@/*#-*35'08#*,/5,,/28*@8)@*-*#/'*%8-0*,H1*N*35'08#*,NL,8,@*#5,@*#*28'50* *,2>>,>W8)*,O83>*-280*,U,%*2'*,0#5W>*U*,-0%U520*0-,/*56W8))*#/25%0*W*,@*#>*2L%*HS88#@* P*,'(G5#%@*hT:dBCDJf(**308)>*-0*2@NL,@*U,%*2>*P*@*,>*07)**#@/82>*,->5,>P5#*,@*2,>*,F ~\,@*2,>/82>*,-@*#*>62*#*U,%*2'*,0#507)*,@*2,>*,/5,28'506-n ~g5,@*2l%*83#*>8,52*2>>,>n ~\,@*2,>,55#>#8800*/5,(*0080552G*0#5>*-dP/8080552fn ~\,@*2,>,55##6G0*2L%8)N*0W0*U*0*,8)*,838/*#@*%0H =*055,(86@*,/5,**,/5-0*,@*2,>N52PL@#5>*,55,(*08/*#N'(0*2L%*,/*#>*2L%P55#G5%*,/5,@* /*#-'(22*,@*%8-0*,)8-0*,*,@55#G**88%(*0/*#>*2L%P55#G5%*,/5,@*-*#/'*%8-0*,53#*%*,,>HMG G**#**,@6@>(*@*,6,38#G0*00*8,0U%%*2*,-8)P5--/5,(*08,@*#N8*%/5,hT:dBCDJf**, /*#@*#* -*2*'0* >*G55%0,55# -*#/'*%8-0*,)8-0*,H M) P5-- (*#/5, *, 8) P5-- /5, @* /*#%#*>*, #*-62050*, 60 @0 8,@*#N8*% - **, -*2*'0* >*G55%0 /5, DE %8-0*,)8-0*, @* >*(5,0**#@ U8#@*, PL -*#/'*%8-0*,53#*%*,,>*,H10NL,@*DEP*25,>#L%-0*)8-0*,WU55#,/*#60@*G**-0**,(88>-0*)8-0*, NL,8)>*,8G*,@*/5,,/28*@NL,8)@*-*#/'*%8-0*,53#*%*,,>H1*N*%8-0*,)8-0*,NL,P*-'(#*/*,, )5#5>#553KHBH155#,55-0NL,,PL25>*B@*N*-05,@55#@%8-0*,8)>*,8G*,*,-,PL25>*E**,-05,@55#@ -*#/'*%8-0*,#*%*,,>8)>*-0*2@H=*0(5,0*#*,/5,**,-05,@55#@53#*%*,,>*,/5-0*%8-0*,)8-0*,N52 2*@*,080G**#6,38#G0*0H155#,55-0-@0/5,P*25,>8G**,>8*@**,/52@*P*,'(G5#%0*%6,,*, 8)-0*22*,H 10(883@-06%(**30G*@*5,0U88#@>*>*/*,8)@*@**2/#5>*,DH]WjHDWJHD*,JHBH "#%#&"'(%")#**'""#+,#-+,#.,/0*/,"1%%'1*./2%"&",2"#*'"#3'"/*,4"'."#1*./2%"&5*#*2"'.& "&

7. CASE STUDIES 188#G@@*2/5,(883@-06%iNL,@*'5-*-06@78,@*#N8*%*,@*P,,*,/5-0>8*@5@/-*6#QR;"NL,>*@55,W P*-'(#*/*,HS88#@08,@*#N8*%NL,0U**-88#0*,'5-*-06@78,@*#N8*%/*##'(0H\,@0(883@-06%-@* G*0(8@*/5,@0*G)#-'(8,@*#N8*%P*-'(#*/*,*,@*'5-*-06@*-/8#G*,-5G*,**,%U52050*3G55# 88%**,G**#%U5,0050*38,@*#@**2/5,@*8,@*#N8*%-G*0(8@*,,@08,@*#N8*%H10(883@-06%>**30 5,0U88#@8)@*@**2/#5>*,DH]WBHDWjHDWJHD<JHJH "#%#&"'(%")#**'""#+,#-+,#.,/0*/,"1%%'1*./2%"&",2"#*'"#3'"/*,4"'."#1*./2%"&5*#*2"'.& "&

=*0'5-*O-06@78,@*#N8*%>**305,0U88#@8)@*/*#-'(22*,,@*G5,*#*,/5,-*#/'*%8-0*,)#8'*--*,W@* U,%*2'*,0#5 N*23W 28'50*W P*/82%,>W 38803522W 8G-05,@>(*@*, *, *>*,5#*,H "# - **, 5,527-* /5, @* -*#/'*%8-0*,P,,*,**,)8#0*3*622*/5,QR;">*G55%0W(*#,-,@*U,%*2P*(**#)8#0*3*622*8,@*#N8*% >*@55,,55#@*-*#/'*%8-0*,PL@*N*U,%*2'*,0#5H=*0'5-*-06@78,@*#N8*%-**,8,@*#N8*%U55#, @*)*#-,>*N88G@8)jU,%*2'*,0#5H1*N*'5-*-06@*-NL,/*#@*#60>*U*#%0G*08,@*#5,@*#*P*(62) /5,>*-'(#*/*,20*#5066#/5,"-*,(5#@0d"-*,(5#@0WDp]pf*,q,dq,WBCCpfH188#G@@*2/5,(*0'5-* -06@78,@*#N8*%U8#@0*#G**#,N'(0,@*G5#%0/*#%#*>*,*,%5,@0**,08*/8*>,>P*@*,8)@* G5,*#(8*-*#/'*%8-0*,,**,G8>*2L%,*6U*G*0(8@*8)>*,8G*,%6,,*,U8#@*,HR,,*,(*0'5-* -06@78,@*#N8*%NL,@*/82>*,@*/#5>*,>*-0*2@F h50/88#-88#0'5-*-u8#@*,*#>*p#6%0s Y"/ ""'./" ;*."./0&9 %#&"'(%"),. ""# 1"'2"4,V),#2 1*# &"."'1,;")%./"# 1*# Tn +,#)"4;"#/'*A]**'#**./(,V#&',"1"'.;:,44"#&"+,#)"4;"#/'*5"/1"'.;:,44"#&")"#5"')"# G*44""#%="#+,#)"4;"#/'0532"&""4/"4,V)%="#"#2"&""4/"4,V)2".4%/"#+,#)"4;"#/'05"# ""#2".4%/"#+,#)"4;"#/'055"/)*#/%'"#"#+%#,#2"#HA]"("(,V#*44"#1"'.;:,44"#&1*# 4%;*/,""#<0#;/,"A h50-(*0@8*2/5,@*'5-*-06@7s Y"/ &%"4 1*# &" *#*49." 1*# &"."'1,;")%./"#,. %5 5""' 2"1%"4 /" )',V2"# >,V &"."'1,;")%./"#"#&":%%2/"1*#&">"&'*2"#AY"/&%"41*#:"/;*."./0&9%#&"'(%"),.%5 #*/"2**#:%":"/."'1,;")%./"#='%;".,#&"("+,#)"4;"#/'*/%/./*#&)%5/"#:%"&"(" +,#)"4;"#/'*(,;:/"#%=(,;:/"1*#"4)**'='%<,4"'"#A h*2%*%*,,-u8#@0/*#u5'(00*u8#@*,/*#%#*>*,s Y"/ ;*."-./0&9 %#&"'(%") (*4 %#&"' *#&"'" *#/+%%'&"# 2"1"# %= &" 1"'.;:,44"#,# &" 5*#,"'"# 1*#."'1,;")%./"#='%;".."#3 &" +,#)"4;"#/'* ("4<3 4%;*/,".3 >"1%4),#2.-.*5"#/./"44,#23&"<%%/<*443>0,/"#2"+%#"%5./*#&,2:"&"#"#,#14%"&1*#&"",2"#**'A =8*U8#@*,@*'5-*O-06@*-60>*/8*#@s ]" ;*."./0&,". +%'&"# 0,/2"1%"'& >,##"# FX6 "# 5*)"# 2">'0,) 1*# &" &*/* &," &**'>,##"#1%%':*#&"#,.A_=&,"5*#,"'2""</:"/%#&"'(%")2%"&,#(,;:/,#&"='*)/,V)"# :%"&**',#5"/&"."'1,;")%./"#+%'&/%52"2**#A =8**,8)U*2%*G5,*#U8#@0@*%*,,-/*#>55#@s ]%%'&"&*/*1*#&"",2"#=%'/<"0,44"/"*#*49."'"#"#&"+,#)"4;"#/'*/"#%=(,;:/"1*# "4)**'/"1"'2"4,V)"#1%'5/&,/""#2%"&"='*)/,V)/%"/.1%%':%"&"."'1,;")%./"#*<'")"#,#2 /%/./*#&)%5/"#+"4)"=%./"#"',#&"."'1,;")%./"#+%'&"#5""2"#%5"#A 7.1 Case study onderzoek "# - **, 5,527-* >*G55%0 PL QR;" U55#,j] /*#-'(22*,@* U,%*2'*,0#5 NL, 8,@*#N8'(0 *, *# (**30 @55#,55-0**,'5-*-06@78,@*#N8*%)2550->*/8,@*,H1*>*>*/*,-NL,/*#N5G*2@PL/5-0>8*@5@/-*6# QR;"H1*5,527-*#'(0N'(8)**,U22*%*6#>*-*2*'0*/5,j])25,G50>8,0U%%*2@*U,%*2'*,0#5G*0, 080552'#'5pEC(66#@*#-@*8,@*#(*0P*(**#/5,QR;"/522*,H.0@*N*5,527-*%8G0**,P5,@P#**@0* /88#0@***,**#-0*55,N*0>**30/88#(*08,0U%%*2*,/5,**,P*,'(G5#%/5,@*-*#/'*%8-0*,H=*0'5-* -06@78,@*#N8*%->*P5-**#@8)**,-*2*'0*/5,@#*)25,G50>*U,%*2'*,0#5@*-055,8)**,5,@*#* 28'50*W5,@*#*/8#G*,07)82>*%*,,*,*,88%**,5,@*#@8*2(*PP*,H"#-/88#,5G*2L%>*%*%*,,55#@* G@@*2 *, 25,>* 0*#GL, /-*W #6G0*2L%* 8)N*0W 28'50*W 07)828>*W P*N8*%*#-55,0522*,W *, @* -*#/'*%8-0*,d53#*%*,,>*,f*,-*#/'*%8-0*,)5%%*00*,H 7.2 Analyse van 38 winkelcentra in winkelbeheerportefeuille van CBRE "*,N*23@*-25>52-@*hT:(**30>*G55%0*,@*-P*-'(#*/*,,(883@-06%K/5,@08,@*#N8*%W-88% >*G55%0/88#**,@**2/5,@*P*(**#)8#03*622*/5,QR;"&Q:H10%5,WG*@*G*0@*5,527-**,(*0 8,@*#N8*%/5,hT:dhT:?#8*)WBCDJfW@*55,2*@,>/8#G*,/88#(*08,0U%%*2*,/5,**,25,@*2L%* P*,'(G5#%H\,@*5,527-*@*->*G55%08/*#@*)8#0*3622*/5,QR;"&Q:-,**#-0*,-05,0*>*%*%*,,55#@*(88>0*/5,@*-*#/'*%8-0*,H=*#60-**,>*G@@*2@*P5,@P#**@0*8,0-055,@*(*#,5/*#@*# U8#@08*>*2'(0H "#%#&"'(%")#**'""#+,#-+,#.,/0*/,"1%%'1*./2%"&",2"#*'"#3'"/*,4"'."#1*./2%"&5*#*2"'.& "&

U78]]@]XB\]XX6]I M,@*#-055,@*05P*2-8)P5--/5,j]U,%*2'*,0#5/5-0>*-0*2@U55#PL->*%*%*,,55#'5HpEC (66#'8,0#5'0*,F ANALYSE COMPLEXEN aantal complexen: 38 totaal aantal m2's 464.241 aantal huurders 956 Gem. Grootte (m2) 490 Gem. huurprijs: 91.926,24 Gem. servicekosten 9.644,47 Gem. promotiekosten 6.152,05 huurprijs per m2 187,54 servicekosten per m2 19,68 promotiekosten per m2 12,55 Bandbreedte servicekosten per m2: 8,81-79,13 % servicekosten incl promotie tov huurprijs 17,18% % servicekosten excl promotie tov huurprijs 10,72% Tabel 14 Analyse aanzet benchmark servicekosten portefeuille CBRE (eigen bewerking) 1*5,527-*@*(*#U8#@0>*)#*-*,0**#@-**,60>*P#*@*5,527-*8/*#j]U,%*2'*,0#5G*0'5HpEK (66#@*#-H 1*N* 5,527-* N52-8,@*#/*#@**2@, 8/*#@*%0X,*0 8/*#@*%0 U,%*2'*,0#6GW /*#-'(22*,@* -*#/'*%8-0*,53-)#5%*,W*,@*#>*2L%*H"'(0*#>**30(*0**,>8*@*,@'50*/5,>*G@@*2@@88#(*025,@ >*,8G*,)#LN*,@*/88#-*#/'*%8-0*,U8#@*,>*#*%*,@HR8/*,@*,N0*#**,/*#-'(2,@*)#LN*,83 *,*#>*%8-0*,PL@*-*#/'*%8-0*,,U8#@*,>*#*%*,@W83@50*#522**,2*/*#,>*,*,@*,-0*,U8#@*, 8)>*,8G*,,@*-*#/'*%8-0*,H c-*#/'*%8-0*,)8-0*,08/080552 DH 9@G,-0#50* jc BH "2*%0#5 D]c jh?5- DJc JH =6-G**-0*# Jc EH d#*>62*#f&'(88,g55% BDc KH S62/*#U*#%,> Ec ih M,>*@*#0*P*-0#L@,> Dc ]H R*/*2>,>*,-6#/*225,'* Djc ph R#5,@P*/*2>,> Ec DCH &)#,%2*#,-052250* Jc DDH g30*, Bc DBH ;820#5))*, Bc Dj d5608g50-'(*f+8*>5,>-@*6#*, jc DJH M/*#>*0*'(,-'(*,-052250*- Bc DEH M/*#>*)8-0*,d-)*'3'50* jc,88@n5%*2l%f DCCc Tabel 15 Analyse servicekostenposten tov totaal (eigen bewerking) 25% 20% 15% 10% 5% 0% "#NL,j]U22*%*6#>*U,%*2'*,0#5/5,60@*)8#0*3*622*/5,QR;">*5,527-**#@8)*,%*2@*-*#/'*%8-0*,, #*250* 080 @* (66#)#LN*,W >#8800*W /*#@**2-2*60*2-W *, @*#>*2L%*H 1*N* /*#>*2L%,> (**30 55,2*@,> >*>*/*, /88# (*0 8,0U%%*2*, /5, **, **#-0* P*,'(G5#% 8/*# @* )8#0*3*622* /5, QR;"H 1* 8,@*#N8*%-#*-62050*, /5, **, U22*%*6#>* -*2*'0* /5, pek (66#@*#-, j] /*#-'(22*,@* U,%*2'*,0#5 d8/*#@*%0w,*08/*#@*%0w/**2*,u*,>8)*,p5#*#6g0*w*0'hf250*,n*,@50@*>*g@@*2@*-*#/'*%8-0*, 8)DCWiBcN00*,0*,8)N'(0*/5,@*>*G@@*2@*(66#)#L-H1*>*G@@*2@*-*#/'*%8-0*,)*#GB8/*#@* (*#P8/*,>*,8*G@*-0**%)#8*32550N*,@50@*N*8)rDpWK]N0U55#PL@*>*G@@*2@*(66#)#L-8)r D]iW]J)*#/*#%5,0*G*0*#60%8G0H?*G@@*2@%5,G*,'8,-050*#*, @50@*U,%*26,0-G*0**,>*G@@*2@*>#8800*/5,jCCXjECGB**, (8>*#*(66#)#L-(*PP*,@5,@*U,%*26,0-G*0>#8800*-P8/*,@* DCCCGBH1*P5,@P#**@0*P,,*,@*N*U,%*2'*,0#5/5#**#0/5,r]W]B )*#GBd(66#)#L-rDjiWJJ)*#GBf/88#**,8)*,U,%*2'*,0#6G*,r ipwdj )*# GB d(66#)#l- r piiwpk )*# GBf /88# **, >*-280*, U,%*2'*,0#6GH R8/*,@*, U8#@0 PL @*#>*2L%* U,%*26,0- @* -*#/'*%8-0*,/55%8)P5--/5,**,-0533*2P*)552@H=*0P8/*,-055,@* -, @* /82>*,@* >#53*%*, U**#>*>*/*,H 1*,38#G50*05P*2 G*0 %*,>*0522*,-,PL25>*p8)>*,8G*,H Administratie % servicekostenposten tov totaal "#%#&"'(%")#**'""#+,#-+,#.,/0*/,"1%%'1*./2%"&",2"#*'"#3'"/*,4"'."#1*./2%"&5*#*2"'.& "& Gas (regulier) Ongediertebestrijdin Brandbeveiliging Liften (automatische) Overige posten 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 1314. 15. % servicekostenpost Figuur 39 Bandbreedte Servicekosten

'#</(>+"&"#&.#./0>"&-.#&@A&:+#="/<"#%.& Y[[6J68`E\E6Z8F^_EI\\BB6_J\kUE@_I\F\I6[7 \,8,@*#-055,@*>#53*%NL,@*/*#-'(22*,U**#>*>*/*,@*8)0#*@*,PL@*/*#>*2L%,>06--*,**,8)*,*, >*-280*,U,%*2'*,0#6GH=*#PL-@*>*G@@*2@*(66#)#L-/*#>*2*%*,G*0@*>*G@@*2@*-*#/'*%8-0*,@* @55#PL(8#*,H Huurprijs en servicekosten naar open/gesloten centrum % servicekosten tov huurprijs 120.000,00 100.000,00 80.000,00 60.000,00 40.000,00 20.000,00 0,00 gemiddelde huurprijs gemiddelde servicekosten 13,25% 7,71% open winkelcentrum gesloten winkelcentrum Figuur 40 Uitkomsten huurprijs vs servicekosten bij open/gesloten centrum (eigen bewerking) &*#/'*%8-0*, 0H8H/H @* Y[[6J68`E\E6Z8F^_EI\\BB6U6 IIZB\YI (66#)#L- M8\^@F\I6[7 M)*, >*-280*,?*G@@*2@* rpkhdjewie rpjh]jkwjj \,8,@*#-055,@*>#53*%NL,@*/*#-'(22*,U**#>*>*/*,@* (66#)#L- 8)0#*@*,PL@*/*#>*2L%,>,55#>#8800*/5,(*0U,%*2'*,0#6GH rihjcpwjj rdbhjjjwep =*#PL-@*>*G@@*2@*(66#)#L-/*#>*2*%*,G*0@*>*G@@*2@*?*G@@*2@* -*#/'*%8-0*, Tabel 16 Huurprijs vs servicekosten -*#/'*%8-0*,@*@55#PL(8#*,H Huurprijs en servicekosten naar grootte winkelcentrum % servicekosten tov huurprijs 180.000,00 160.000,00 140.000,00 120.000,00 100.000,00 80.000,00 60.000,00 40.000,00 20.000,00 0,00 gemiddelde huurprijs gemiddelde servicekosten 9,95% 10,28% 12,02% 12,12% grootte (0 < 5000 m2) grootte (5001 < 10000 m2) grootte (10001 < 20000 m2) grootte ( > 20000 m2) Figuur 41 Huurprijs en servicekosten naar grootte winkelcentrum (eigen bewerking) "#%#&"'(%")#**'""#+,#-+,#.,/0*/,"1%%'1*./2%"&",2"#*'"#3'"/*,4"'."#1*./2%"&5*#*2"'.& "&

Y[[6J68`E\E6Z8F^_EI\\BB6X8\\\EI]@8`^\X[8I\EI]@8`^M8\^@F\I6[7 \,8,@*#-055,@*>#53*%NL,@*/*#-'(22*,U**#>*>*/*,@*8)0#*@*,PL@*/*#>*2L%,>,55# P60*,XP,,*,-0*@*2L%U,%*2'*,0#6GH=*#PL-@*>*G@@*2@*(66#)#L-/*#>*2*%*,G*0@*>*G@@*2@* -*#/'*%8-0*,@*@55#PL(8#*,H Huurprijs en servicekosten naar binnen/buitenstedelijk winkelcentrum % servicekosten tov huurprijs 100.000,00 90.000,00 80.000,00 70.000,00 60.000,00 50.000,00 40.000,00 30.000,00 20.000,00 10.000,00 0,00 gemiddelde huurprijs gemiddelde servicekosten 13,11% 10,76% binnenstedelijk winkelcentrum buitenstedelijk winkelcentrum Figuur 42 Huurprijs en servicekosten naar binnen/buitenstedelijke context (eigen bewerking) Y[[6J68`E\E6Z8F^_EI\\BB6Xc_^6EBB\IB@@\8\YIM8\^@F\I6[7 \,8,@*#-055,@*>#53*%NL,@*/*#-'(22*,U**#>*>*/*,@*8)0#*@*,PL@*/*#>*2L%,>,55# P*N8*%*#-55,0522*,,(*0U,%*2'*,0#6GH=*#PLNL,@*)*#'*,05>*-U**#>*>*/*,/5,@*-*#/'*%8-0*,0*, 8)N'(0*/5,@*P*N8*%*#-55,0522*,H % servicekosten t.o.v. footfall % servicekosten t.o.v. footfall 14,00% 12,00% 10,00% 8,00% 6,00% 4,00% 2,00% 8,60% 11,83% 10,66% 9,62% footfall 11,83% 10,66% 8,60% 9,62% footfall (0-2 mln) footfall (2-4 mln) footfall (4-6 mln) footfall (6-8 mln) 0,00% footfall (0-2 mln) footfall (2-4 mln) footfall (4-6 mln) footfall (6-8 mln) Figuur 43 Huurprijs en servicekosten naar footfall (eigen bewerking) "#%#&"'(%")#**'""#+,#-+,#.,/0*/,"1%%'1*./2%"&",2"#*'"#3'"/*,4"'."#1*./2%"&5*#*2"'.& &

7.3 Drie winkelcentra in Nederland nader bekeken &*#/'*%8-0*,U8#@*,-0**@-5'06*2*#,@*G5#%0*,88%@*/*#(66#@*#/*#25,>0G**#,-)5,,,>/5,(55# /5-0>8*@G5,5>*# 8G @* -*#/'*%8-0*, 8,@*# '8,0#82* 0* %#L>*, *, 0* (86@*,H 188# (*0 )5%%*0 /5, 2*/*#,>*,*,@*,-0*,W'8,0#5'0*,W*0'*0*#5-'(*#)0*5,527-*#*,*,,50*28)*,(**30QR;"**,P*-)5#,> >*2*/*#@/5,#6GBEc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` &88#0U,%*2'*,0#6G M/*#@*%0X,*0?#8800* g8'50* 9,@*#-W,2H 8/*#@*%0 h,%*2'*,0#6gdf V*08/*#@*%0 EHCCCGB hl%'*,0#6g O h,%*2'*,0#6gbf R*@* DEHCCCGB hl%u,%*2'*,0#6g O h,%*2'*,0#6gfj M/*#@*%0 exoechcccgb R,,*,-0*@*2L% U,%*2'*,0#6G \,'26-*3 U8,,>*, *, %5,08#*, Tabel 17 Criteria case study analyse (eigen bewerking) =*#PL-#*%*,,>>*(86@*,G*0(*0'#0*#6G@50(*0@#*/*#-'(22*,@*U,%*2'*,0#5NL,WG*05,@*#* 36,'0*-W5,@*#*28'50*-W/*#-'(22*,@*>#8800*-*,PLN8,@*#*%*,G*#%*,H_8U8#@0*#**,P#*@*-'88) >*>*/*,/5,@*U,%*2'*,0#5N*23G55#88%/5,@*-*#/'*%8-0*,@*@55#/5,08*)5--,>NL,H *+#' *,#, ',+ ',+&./0123/4567/89/0:' Figuur 44 Voorbeeld servicekostenverlaging (verlaging ingezet vanaf 2010) (CBRE, 2014)

F%#;40.,";*."./0&9%#&"'(%")?&',"+,#)"4;"#/'*,#\"&"'4*#&#*&"'>")")"# 1*@#*U,%*2'*,0#5@*G*0*2%55#NL,/*#>*2*%*,NL,522*@#*/5,@*N*23@**>*,55#H"'(0*#/*#-'(22*,@* 07)*,U,%*2'*,0#5U*255,N*,2L%/5,*2%55#H_8-055,NL522*@#*8)**,5,@*#*28'50*WG*05,@*#*28'50* *>*,-'(5))*, N852- /*#N8#>,>->*P*@W P*#*%P55#(*@W @8*2>#8*)W 38803522W U,%*255,P8@W P*2*/,> *, (8#*'5W*,(*PP*,NL522*@#***,080525,@*#*8)N*0H_8(**30U,%*2'*,0#6Gj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j,8>#*@*2L%@6@*2L%*, (*0G**-055,0*-260*,PL@*(66#8/*#**,%8G-0WG55#/5,U,%*2'*,0#6G-@052D*,B52/**2G,@*#H 155#-G**#%*,,-/88#,8@>8G@*N*53#*%*,,>0*P*>#L)*,*,*#G8*088%**,@6@*2L%*602*>PL >*>*/*,8G,50*>55,U55#G*,/88#P*0552@H102550-0*P2L%0,*0520L@(*0>*/52W*,@50/*#%255#@@#*'0 U55#8G(66#@*#-WG55#88%/*#(66#@*#-W@*53#*%*,,>*,@0,*0520L@P*>#L)*,H=*0-@55#8G/5,P*25,> *, U*22'(0 N*23-,88@N5%*2L% @50 *# /82>*,- **, /5-0 -7-0**GW G*0 /5-0* %8-0*,)8-0*, *, /5-0* 53#*%*,G*0(8@*U8#@0>*U*#%08GN8G**#0#5,-)5#5,0**,6,38#G0*00*P*(52*,,@*G5#%0*,@* -'*)0'0*0*,8,@6@*2L%*53#*%*,,>*,0*>*,0*>55,H.0@0'5-*-06@78,@*#N8*%NL,-5G*,>*/50@*/82>*,@*)6,0*,,55#/8#*,>*%8G*,F @*/88#,55G-0*'8,'26-*-@50@*2L-0@*-8)>*,8G*,,@*(66#8/*#**,%8G-0W,*0>*2L%-55, (*0>**,88%@55@U*#%*2L%U8#@0>*2*/*#@H\,@*(66#8/*#**,%8G-0U8#@0(*0)5%%*0/55%P#*@*# 8G-'(#*/*,8G@50P*)552@*2*/*#,>*,*,@*,-0*,PL(*0*,*'8G)2*bU*2U8#@*,>*2*/*#@W*, PL(*05,@*#*'8G)2*b,*0H_8(**30G*,PL/88#P**2@,'*,0#6GD>**,P*/*2>,>d/5,U*>* 8)*,P55#>*P*@fG55#-@*)8-0ZP*/*2>,>[U*28)>*,8G*,,@*-*#/'*%8-0*,2L-0n @*53#*%*,,>*,NL,,*06,38#G*,@*ULN*/5,)#*-*,0*#*,/5,@*53#*%*,,>%5,/*#-'(22*,n *#-,*0520L@**,08*2'(0,>>*>*/*,8/*#U*2%55,@**2**,P*)552@*(66#@*#(**30*,*#->**, 08*2'(0,>>*>*/*,PL@*)8-0*,n *#->**,@*G5#'50*2L-08)>*-0*2@U55#,-8)>*,8G*,U50U*283,*0,@*-*#/'*%8-0*,N0n (*0)5%%*0/5,2*/*#,>*,*,@*,-0*,-/88#**,(66#@*#@55#G**,*0@#*'0N'(0P55#n U,%*2'*,0#5/*#-'(22*,P*(88#2L%,8)P86U*,8G/5,>H_8(**30(*0*,*'*,0#6G#82)5@*,*, 230*,W0*#UL2@*,5,@*#*'*,0#5,*055,U*N>NL,H10-'(**2055,N*,2L%,@*-*#/'*%8-0*,n @*53#*%*,,>*,@55@U*#%*2L%*2*/*#,>*,*,@*,-0*,/*#-'(22*,*,@0-0*/*#%25#*,@88#@50F o '*,0#6GDF**,60>*P#*@)5%%*0(**308)>*,8G*,,@*(66#8/*#**,%8G-0WG55#**, %2*, )5%%*0 55, @55@U*#%*2L%* 2*/*#,>*, *, @*,-0*, %*,0H 10 - **, 8)*, U,%*2'*,0#6G*,U8#@0*#PL/88#P**2@>**,P*/*2>,>55,>*P8@*,H o '*,0#6GBF**,60>*P#*@)5%%*0(**308)>*,8G*,,@*(66#8/*#**,%8G-0WG55#**, >*G50>@)5%%*055,@55@U*#%*2L%*2*/*#,>*,*,@*,-0*,%*,0W(8*U*2@0'*,0#6GU*2 8/*#@*%0-H o '*,0#6GjF**,60>*P#*@)5%%*0(**308)>*,8G*,,@*(66#8/*#**,%8G-0W*,88%**, 60>*P#*@)5%%*055,2*/*#,>*,*,@*,-0*,d8H5H88%'*,0#6GG5,5>*G*,0W(8-)05207W *0'Hf%*,0H10'*,0#6G(**30@55#,55-088%/**2#820#5))*,*,230*,*,(**30@6-**, 55,N*,2L% (8>*#* )#L- /88# @* -*#/'*%8-0*, )*# GBH 10 '*,0#6G (**30 (*0 G**-0 6>*P#*@*)5%%*055,2*/*#,>*,*,@*,-0*,*,@55#,55-02>0@0'*,0#6G,(*0G@@*, /5,@*-05@*,(**30(*0**,>#80*38803522H=*0'*,0#6G-0*/*,-/822*@>8/*#@*%0H "#0,/""#("//,#2%5/")%5"#/%/""#+,#-+,#-+,#.,/0*/,"5"/>"/'")),#2/%/."'1,;")%./"#1%%'G\"&"'4*#&."H+,#)"4;"#/'*A "& &

W(&(6#G:#.(.07(&((.:0>)8(.Y hq hq hq D B j DH(*0@8*,60/8*#*,/5,*,(*008*N'(08)@*%#5'(0*,-@05#0%*2600*/8*#*,U*#%N55G(*@*,HBH@*@*,-0*,*,PL%8G*,@*%8-0*,/5,**, b b b (6-G**-0*#H jh@*g*0,>wp*g*0*#,>*,g*0*#(66#/5,(*0/*#p#6%/88#n8/*#,8@>h b b b JH5@G,-0#50*/5,P*(**#W8,@*#(86@*,/*#P#6%H b b b EHP*U5%,>/5,@*>*G**,-'(5))*2L%*>*@**20*,H b b b KH@*@*,-0*,/5,**,-*#/'*'*,0#6GH b b b PHM,@*#(86@WU55#8,@*#U8#@0/*#-055,F DH@5>*2L%-8,@*#(86@55,@*>*@**20*,G*0**,>*G**,-'(5))*2L%*36,'0*H b b b BH(*052>*G**,0*'(,-'(8,@*#(86@d,'26-*3,-)*'0*W%*6#,>*,*/*,06**2G50*#**2f/5,@*>*G**,-'(5))*2L%*F OG*'(5,-'(*,-052250*-n b b b OU*#%06>P86U%6,@>*,-052250*-n b b b O*2*%0#-'(*,-052250*-n b b b O*2*%0#50*'(,-'(*,-052250*-n b b b O>5-XU50*#X*,*#>*O,-052250*-n b b b O-5,05#*,-052250*-n b b b O/*#U5#G,>-,-052250*-n b b b O%8*2U50*#,-052250*-n b b b O26'(0P*(5,@*2,>,-052250*-n b b b O26'(053N6>,>,-052250*-n b b b O-)#,%2*#,-052250*-n b b b O@#6%/*#(8>,>,-052250*-n b b b O52>*G*,*/*#2'(0,>,>*G**,-'(5))*2L%*#6G0*,*,,@*P60*,#6G0*/88#N8/*#55,U*N>W@55#8,@*#P*>#*)*,@*%8-0*,/5,/*#/5,>,>/5, b b b OP#5,@P*/*2>,>O*,P#5,@G*2@,>,-052250*-n 5#G506#*,WP6N*,*,25G)*,n b b b O#8226%*,*,P#5,@/*,0250*n b b b O*/*,06*2*)25,0*,P5%%*,*,8/*#>-0#550G*6P25#n b b b O#82*#,>*,(*G*2U50*#53/8*#*,G*060N8,@*#,>/5,/*#/5,>,>n b b b O>*26@-O*,8G#8*),-052250*-n b b b O,0*#,*^*,*b0*#,*P*U*>ULN*#,>n b b b O5))5#5066#0*,P*(8*/*/5,@*P*U5%,>n b b b O8/*#>*,-052250*-*,5))5#5066#W/88#N8/*#55,U*N>H b b b jh=*052>*g**,(7>v,-'(8,@*#(86@/5,@*>*g**,-'(5))*2l%*#6g0*,w0*u*0*,f O(*0#*,>*,/5,@*52>*G**,08*>5,%*2L%*/8*0>5,>*#->*P*@*,*,@*8/*#>*>*G**,-'(5))*2L%*>*@**20*,*,/88#N*,,>*,d,'26-*3(*0/*#UL@*#*, b b b O(*0#*,>*,*,P*U5--*,/5,522*#60*,*,%8NL,*,/5,@*52>*G*,*OW>*G**,-'(5))*2L%*O*,@*,-0#6G0*,55,@*P,,*,O*,P60*,NL@*,n /5,NU*#3/62fW/88#N8/*#@*#@*,(*#/88#,*08,@*#(86@-)2'(0>NL,n b b b O(*0N8,8@>#*,>*,/5,@*-0#50*,8,@*#@*5#'5@*,*,/5,@*8,@*#@88#>5,>*,,(*0>*P*@W/88#N8/*#@*#@*,(*#/88#,*08,@*#(86@-)2'(0>NL,n b b b O(*02*@>*,/5,*/*,06*2*)#622*,P5%%*,*H@Hn b b b O(*0#*,>*,/5,*/*,06*2*/26'(0U*>*,n b b b O(*0#*,>*,/5,263*2-W2'(0-0#50*,OX%5))*,0*,P*(8*/*/5,>*G**,-'(5))*2L%*#6G0*,*,X83)5--5>*-H b b b 'HS*#P#6%WU55#8,@*#U8#@0/*#-055,F DH(*0/*#P#6%/5,*2*%0#'0*00*,P*(8*/*/5,O@*/*#U5#G,>W%8*2U50*#W26'(053N6>,>W-)#,%2*#W@#6%/*#(8>,>,-052250*-W52>*G*,*/*#2'(0,>*, b b b BH(*0/*#P#6%/5,P#5,@-0830*,P*(8*/*/5,@*>*G**,-'(5))*2L%*/*#U5#G,>-,-052250*-n 8/*#>*>*G**,-'(5))*2L%*/88#N*,,>*,n b b b jh(*0/*#p#6%/5,u50*#0*,p*(8*/*/5,@*/*#u5#g,>w%8*2 U50*#W-)#,%2*#W-'(88,G5%*,*,@/*#-*,n b b b JH'*,0#52**,*#>*,%88)H b b b @HM/*#>*25-0*,WU55#8,@*#U8#@0/*#-055,F DH%8-0*,/5,)#*'5#8#*'(0*,n b b b BH%8-0*,#*,>,>-#*'(0*,W#882#*'(0*,WG2*6(*33,>*,*,P550P*25-0,>n b b b jh%8-0*,/5,@*>*g**,-'(5))*2l%*,-052250*-0*,p*(8*/*/5,-08#,>*,w#88%*,p#5,@g*2@,>n b b b JH%8-0*,>25-O*,,P8*@*2/*#N*%*#,>/5,@*>*G**,-'(5))*2L%*#6G0*,W-0#550G*6P25#*H@Hn b b b EH%8-0*,/5,>*G**,-'(5))*2L%*/6253/8*#n b b b KH%8-0*,/5,8,>*@*#0*P*-0#L@,>n b b b ih%8-0*,/5,2'(0#*'25g*n b b b ]H8,@*#(86@/5,>#8*,/88#N*,,>*,*,8/*#>*@*'8#50*/**2*G*,0*,n b b b ph%8-0*,/5,@*>*g**,-'(5))*2l%*>*26@-o*,8g#8*),-052250*,@*/8*0>5,>*#->*p*@*,n b b b DCH@*5,@*#*U*#%N55G(*@*,*,X83@*,-0*,d*,(*008*N'(0@55#8)fW@*#*@*2L%*#UL-,(*0P*25,>/5,@*(66#@*#-NL,n b b b DDH@*@88#P*25-00*%8-0*,/5,@*G8*@*#/*#*,>,>H b b b 1*P8/*,>*,8*G@*8)-8GG,>-,*02G050*3H b b b *H9@G,-0#50*%8-0*,P*@#5>*,Ec/5,@*08052*%8-0*,/5,@*8,@*#50XG@/*#G*2@*2*/*#,>*,*,X83@*,-0*,H b b b Tabel 18 Vergelijking servicekostenpakketten en afrekening cross case study analyse (eigen bewerking) "#0,/""#("//,#2%5/")%5"#/%/""#+,#-+,#-+,#.,/0*/,"5"/>"/'")),#2/%/."'1,;")%./"#1%%'G\"&"'4*#&."H+,#)"4;"#/'*A "& &

7.4 Deelconclusie R,,*,@*)8#03*622*/5,QR;"NL,j]U,%*2'*,0#5>*5,527-**#@8)*,%*2@*-*#/'*%8-0*,,#*250*080 8,@*# G**# @* (66#)#LN*,W >#8800* *,/*#@**2-2*60*2-H 1* 8,@*#N8*%-#*-62050*, /5, **, U22*%*6#>* -*2*'0*/5,'5HpEK(66#@*#-,j]/*#-'(22*,@*U,%*2'*,0#5d8/*#@*%0W,*08/*#@*%0W/**2*,U*,> 8)*,P5#*#6G0*W*0'Hf250*,N*,@50@*>*G@@*2@*-*#/'*%8-0*,8)DCWiBcN00*,0*,8)N'(0*/5,@* >*G@@*2@*(66#)#L-H1*>*G@@*2@*-*#/'*%8-0*,)*#GB8/*#@*(*#P8/*,>*,8*G@*-0**%)#8*32550 N*,@50@*N*8)rDpWK]U55#PL@*>*G@@*2@*(66#)#L-8)rD]iW]J)*#/*#%5,0*G*0*#60%8G0H1* P5,@P#**@0*P,,*,@*N*U,%*2'*,0#5/5#**#0/5,r]W]D)*#GB/88#**,8)*,U,%*2'*,0#6G*,ripWDj )*#GB/88#**,>*-280*,U,%*2'*,0#6GH=*0P2L%0@50W8,@5,%-@*U,%*2'*,0#5/5,**,N*23@**>*,55# NL,W*#88%@55#,@*-*#/'*%8-0*,,8>U,-00*P*(52*,-H1*/*#-'(22*,#'(0*,N'(G*0,5G*8)(*0 07)*U,%*2'*,0#6GW28'50*W38803522W,-052250*-*,8,@*#(86@-'8,0#5'0*,W55,U*N>(*@/5,-'(88,G55%W P*/*2>,>W*,@*#>*2L%*,@*#6G0*2L%*8)N*0H1*'8,'26-*-(*#/5,NL,,)5#5>#553iHjHB8)>*,8G*,H 155#,55-0-**,/5-0*/*#@*2,>/5,%8-0*,)8-0*,P*25,>#L%H\,(*08,@*#-055,@*-'(*G5-@*N*/5-0* /*#@*2,>>*G55%0*,-0*/*,-(*055,@**2/5,@*%8-0*,)8-0*,0*,8)N'(0*/5,(*0080552U**#>*>*/*,F c-*#/'*%8-0*,)8-0*,08/080552 DH 9@G,-0#50* jc BH "2*%0#5 D]c % servicekostenposten tov totaal jh?5- DJc JH =6-G**-0*# Jc EH d#*>62*#f&'(88,g55% BDc KH S62/*#U*#%,> Ec ih M,>*@*#0*P*-0#L@,> Dc ]H R*/*2>,>*,-6#/*225,'* Djc ph R#5,@P*/*2>,> Ec DCH &)#,%2*#,-052250* Jc DDH g30*, Bc DBH ;820#5))*, Bc Dj d5608g50-'(*f+8*>5,>-@*6#*, jc DJH M/*#>*0*'(,-'(*,-052250*- Bc d-)*'3'50*,88@n5%*2l%f DEH M/*#>*)8-0*,d-)*'3'50* jc,88@n5%*2l%f DCCc 2% 2% 5% 5% 4% 1% Tabel 19 Overzicht servicekostenposten tov totaal verdeling (eigen bewerking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l65207:*5-6#*G*,0[dQR;"WBCDJ5f)#8>#5GG58)>*-0*2@dN*PL25>*EfH MG@*>*,8*G@*#*@*,*,,@0(883@-06%-(*0G8*2L%8G**,L6-0*/*#>*2L%,>*,X83P*,'(G5#%0* G5%*,/88#-*#/'*%8-0*,PLU,%*2'*,0#5Hh*2%5,*#U8#@*,/*#>*2*%*,8)5P-0#5'0*,/*56[-WN852-66#28,*,/5,P*/*2>,>*,-'(88,G55%*,@*#>*2L%**,%5,*#@88#G@@*2/5,%*,>*0522*,*,@88# G@@*2/5,mT\[-**,P*0*#/*#>*2L%/5,@*-*#/'*%8-0*,U8#@*,>*>*/*,N852-8G-'(#*/*,,(883@-06%EH =8*G**#G*,,-0550(*0)#8'*-0*/*#**,/86@>*,*,@6@*2L%*#*W0#5,-)5#5,0*53-)#5%*,%5,G5%*,W (8***#@*#G*,,55#**,'8##*'0**,>*5''*)0**#@*P*,'(G5#%%5,>55,HQ8,--0*,0*W**,@6@>(*@*, /5-0>*2*>@*53-)#5%*,NL,(*#/88#,88@N5%*2L%` 10(883@-06%(**30G*@*5,0U88#@>*>*/*,8)@*@**2/#5>*,DH]WBHDWjHDWJHD<JHJH "#0,/""#("//,#2%5/")%5"#/%/""#+,#-+,#-+,#.,/0*/,"5"/>"/'")),#2/%/."'1,;")%./"#1%%'G\"&"'4*#&."H+,#)"4;"#/'*A "& & 13% 3% 2% 3% 21% 3% 18% 14% 4% 1. Administratie 2. Elektra 3. Gas 4. Huismeester 5. (regulier) Schoonmaak 6. Vuilverwerking 7. Ongediertebestrijding 8. Beveiliging en surveillance 9. Brandbeveiliging 10. Sprinklerinstallatie 11. Liften 12. Roltrappen 13 (automatische) Toegangsdeuren 14. Overige technische installaties (specificatie noodzakelijk) 15. Overige posten (specificatie noodzakelijk)

8. INTERVIEWS & EXPERTRONDE \,@0] * (883@-06%U8#@*,@*,0*#/*U-P*-'(#*/*,@*NL,>*(86@*,G*0@/*#-*G5#%0)5#0L*,*, P#5,'(*8#>5,-50*-H=*0)#8'*-/5,,0*#/*U-W/#5>*,2L-0*,W60%8G-0*,*,@*3**@P5'%#8,@*G*0@* *b)*#0-@*(**30)2550->*/8,@*,,555,2*@,>/5,@***#-0*'8,'26-*-8)(*08,@*#n8*%nl,p*-'(#*/*,h 10(883@-06%/8#G0@55#G****,5,0U88#@8)@*@**2/#5>*,DHDWDHJWDHKWDH]WDHpWBWj<JH "#0,/""#("//,#2%5/")%5"#/%/""#+,#-+,#-+,#.,/0*/,"5"/>"/'")),#2/%/."'1,;")%./"#1%%'G\"&"'4*#&."H+,#)"4;"#/'*A "& &

8.1 Interviews S88#@08,@*#N8*%NL,G**#@*#*,0*#/*U-53>*,8G*,PL@/*#-*)5#0L*,*,)*#-8,*,H\,@0(883@-06%- @*G*0(8@*P*-'(#*/*,/5,(*0*G)#-'(8,@*#N8*%H1*,0*#/*U-/8#G*,**,%U52050*38,@*#@**2/5, @*8,@*#N8*%-G*0(8@*,HMG**,>8*@P**2@0*%#L>*,/5,@*)#8P2*G*,8G0#*,0@*-*#/'*%8-0*,PL U,%*2'*,0#5NL,/88#@*-*2*'0*/5,@*,0*#/*U-N8U*2(66#@*#-W/*#(66#@*#-W/5-0>8*@G5,5>*#-52- P*25,>*,/*#*,>,>*,>*,0*#/*U@@*G*0-*#/'*%8-0*,,U,%*2'*,0#50*G5%*,(*PP*,H1*,38#G50* 60@*,0*#/*U-->*P#6%052-,)60*,@505/88#@*'5-*-06@*-WG55#88%/88#(*0%U52050*308*0-*,/5, (*020*#5066#8,@*#N8*%H nararj_j[@bi8u6 II 1*,0*#/*U-NL,53>*,8G*,8,@*#BD)*#-8,*,*,/88#55,-055,@*G5#%)5#0L*,'HkHP*25,>*,8#>5,-50*- @*522*,0*G5%*,(*PP*,G*0-*#/'*%8-0*,*,55,/*#U5,0*)#8'*--*,H1*/82>*,@*)5#0L*,*,)*#-8,*, (*PP*,@**2>*,8G*,55,(*08,@*#N8*%F JHQF^R" ahf=bb? C]4BFbHcaHF4^=H DH QR;"RHSH 1(#H=88>25,@ S5-0>8*@G5,5>*#nM,0U%%*2,>g*@#55@H BH QR;"RHSH 1(#H"2@*#- S5-0>8*@G5,5>*#nU,%*2'*,0#6G%U520*0-G8,08#nQ\RM; jh QR;"RHSH 1(#HS*#/*# S5-0>8*@G5,5>*# JH QR;"RHSH 1(#H@*l65'% 93#*%*,,>-*#/'*%8-0*,*,(*0)#8'*-X%5,08#*, EH QR;"RHSH 1(#HR6,,% S5-0>8*@G5,5>*#n53#*%*,,>-*#/'*%8-0*, KH QR;"?28P52\,/*-08#-dVgfRHSH 1(#HS25-/*2@ S*#(66#@*# ih Q8#8VSXm2*)*##* 1(#H;*0*# S*#(66#@*# ]H =RQ5)052RS 1(#H1522,>5 S*#(66#@*# ph &7,0#6-9'(G*5d&9;"4f 1(#H&U5>*G5%*#- S*#(66#@*# DCH ht:;*052rs 1(#H_U*0- S5-0>8*@G5,5>*# DDH 1+_RS 1(#H=56)0G*L*# S5-0>8*@G5,5>*# DBH S5,=5#*,RS 1(#H/5,&*P22* ;*052*# DjH &5'(5&'(8*,*,RS 1(#H+*#G**# ;*052*# DJH +(*&0,>Q8-0*-RS 1(#H@*,M- ;*052*# DEH :*@5:5#%0RS 1(#H;*,52@5 ;*052*# DKH &*@'8RS 1(#H:62@*#- R*25,>*,8#>5,-50*W&*#/'*%8-0*,5,527-* DiH M#5,>*3*2@RS 1(#H/5,@*,R#5%*2 R*25,>*,8#>5,-50*W&*#/'*%8-0*,5,527-* D]H \SRV 1(#H"#G*#,- R*25,>*,8#>5,-50* DpH S?:Vg :*/#H4#*(* R*25,>*,8#>5,-50* BCH ;V1 1(#H/5,&*P22* R*25,>*,8#>5,-50* BDH AggRS 1(#HR*#0*,- M&Q9;R*,'(G5#%m5,08#*, Tabel 20 Overzicht interviewees (eigen bewerking) & narat]7iy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

narab]8\i6z8mz6bu\ =*0,0*#/*U-,>*@**2@,N*-8,@*#@*2*,G*0,080552BB/#5>*,F M,@*#@**2DF1*(6@>*-*#/'*%8-0*,G*0(8@* DH S82-0550(*0(6@>*-*#/'*%8-0*,-7-0**G/5,/88#-'(80*,53#*%*,,>G*0P*0#*%%,>080@* -*#/'*%8-0*,sh55#8GU*2X,*0s BH h*2%*)#8p2*g*,*#/55#06,(*0-*#/'*%8-0*,)#8'*-sh55#n0@*(883@88#n55%s jh "#U8#@0**,/5,Ec55,5@G,-0#50*%8-0*,8/*#@*(88>0*/5,@*-*#/'*%8-0*,P*#*%*,@0*, >8*@*/5,@*/5-0>8*@G5,5>*#HR*,06(*0(*#G****,-83N86@*N*/*#>8*@,>G**#8)@* G5,*# /5, **, )#*-050*P*28,,> *, %U520*0-G*0,> G8*0*, U8#@*, >*@55,s h*2%* /*#5,@*#,>*,N86@*,/82>*,-6(*#,@88#>*/8*#@G8*0*,U8#@*,s JH h*2%*5-)*'0*,*,8,@*#@*2*,/5,@*2*/*#,>*,*,@*,-0*,g8*0*,u*2g**>*,8g*,u8#@*,, (*0-*#/'*%8-0*,)5%%*0*,U*2%*,*0s EH S82@8*,@*(6@>*(66#'8,0#5'0*,55,@*/*#5,@*#*,@*/#55>/5,@*G5#%0G*0P*0#*%%,>080 -*#/'*%8-0*,s _L, @* )5%%*00*, /5, 2*/*#,>*, *, @*,-0*, /82@8*,@* 53>*@*%0, @* (66#8/*#**,%8G-0*,*,@55#PL(8#*,@*52>*G*,*P*)52,>*,d'8,38#G;M_fs M,@*#@**2BFS*#5,@*#*,@*G5#%0*,-*#/'*%8-0*,G*0(8@* KH 1*(6@>*G5#%0-/**2G**#**,(66#@*#-G5#%0>*U8#@*,H:8*0*,U*(*0)#8P2**G@55#8G,*0 /5,60(*088>)6,0/5,@*(66#@*#8)28--*,*,G**#%L%*,,55#NL,P*25,>sh*2%*/*#5,@*#,>*, N86@*,@5,@88#>*/8*#@G8*0*,U8#@*,s ih h*2%*,>#*)*,*,/*#5,@*#,>*,nl,/82>*,-6,8@>*,n86@*,@88#>*/8*#@g8*0*,u8#@*,8g @*)#8P2*G50*%*,-'*)0-'(*(86@,>/5,@*5'08#*,0*@8*,/*#5,@*#*,s ]H h50-6u/-*g*0p*0#*%%,>0803b*#,>'hkh5308)),>/5,-*#/'*%8-0*,*,g8*0g*,@6-8/*# >55,,55#522O,(6#*,U55#,(66#25-0*,*,-*#/'*%8-0*,52-**,)#L-U8#@*,>*#*%*,@s ph h50-6u/-*g*0p*0#*%%,>080#-'8)5#0')*#*,@p*(**#,(*0/5-0>8*@g5,5>*g*,08gn8 %8-0*,8/*#-'(#L@,>*,0*>*,0*>55,*,#-'8[-0*-)#*@*,8,@*#@*5'08#*,s DCH h55#2>>*,*#,@*g5#%0%5,-*,8g080**,p*0*#)#8'*-0*%8g*,@***,n8@5,>/88#@**2p*@0 @50/88#522*)5#0L*,,0*#*--5,0N52NL,s M,@*#@**2jFS*#5,@*#*,@*)8-0*-/5,)5#0L*,*,)#8'*--*, DDH h*2%*-05))*,g8*0*,*#u8#@*,>*,8g*,g*0p*0#*%%,>080@*2*/*#,>*,*,@*,-0*,wu55#@* (66#@*#,3*0*>**,N*>>*,-'(5)8)(**30W/5,/*#(66#@*#55,(66#@*#s DBH _52 @* d,/28*@-f)8-0* /5, **, (66#@*# /*#5,@*#*, 0*, 8)N'(0* /5, @* )8-0* /5, **, /*#(66#@*#s:8*0**,/*#(66#@*#5,@*#-8G>55,G*0@*/*#5,0U88#@,>8/*#(*0>*2@/5,**, (66#@*#s DjH h50-@*,/28*@/5,,0*#,**,*b0*#,*)#8'*--*,8)@*-*#/'*%8-0*,pl**,/*#(66#@*#'hkh /5-0>8*@G5,5>*#s",U50-(*0#*-620550@55#,8)@*P*(**#-,>*,(*0,'8,0#82NL,/5,@* -*#/'*%8-0*,*,(*0)#8'*-s M,@*#@**2JF:5#%0P*U*>,>*,*,-*#/'*%8-0*, DJH "# - **, g*@#55@ &*#/'*%8-0*, /88# h,%*2'*,0#5 8)>*-0*2@H R*,0 6 G** P*%*,@ G*0 @*N* 2*@#55@s=5,@*206*,X83@*G5#%0(*#88%,55#s DEH "#-**,h,%*2'*,0#6gmu520*0-g8,08#8,0u%%*2@u55#g**u,%*2'*,0#50*,8)n'(0*/5, *2%55#U8#@*,/*#>*2*%*,H1*,%06@50**,@*#>*2L%*G*0(8@*%5,PL@#5>*,55,(*0,N'(0*2L%*, G**0P55#G5%*,/5,@*-*#/'*%8-0*,s DKH MGP*0*#,N'(0*2L%0*G5%*,*,G**#0#5,-)5#5,0*0*/*#%#L>*,U*2%*53-)#5%*,0*>*,U*2%* %8-0*,WG*0U**,U55#/88#@*N*NL,>*G55%0G*0P*0#*%%,>080@*-*#/'*%8-0*,WN86**, @*G5#'50*2L-0 /88# **, U,%*2'*,0#6G 8)>*-0*2@ %6,,*, U8#@*, N8@50 )#*'*- @6@*2L% - U55#/88#G*,P*0552@HR*,06/5,G*,,>@50@55#G****,>#880>*@**20*/5,@*8,@6@*2L%(*@ U*>0*,*G*,-s1*,%06P8/*,@*,@50@*G5#%0@55#%255#/88#-s DiH =8*%6,LLL*8,@*#-'(*@*,0*,8)N'(0*/5,@*(6@>*G5#%0*,N86L***,/88#P**2@/88# 5,@*#*,%6,,*,U8#@*,G*0P*0#*%%,>080@*-*#/'*%8-0*,)#8'*--*,sh*2%*-05))*,N86L* G8*0*,,*G*,8G0*%8G*,080**,G**#6,38#G)#8'*-s "#0,/""#("//,#2%5/")%5"#/%/""#+,#-+,#-+,#.,/0*/,"5"/>"/'")),#2/%/."'1,;")%./"#1%%'G\"&"'4*#&."H+,#)"4;"#/'*A "& &

M,@*#@**2EFV*@*#25,@/-HR60*,25,@ D]H.P*,08,@*#@**2/5,**,,0*#,508,52*8#>5,-50*Hm6,0655,>*/*,(8**#,(*0P60*,25,@W*, G*0,5G*,h*-0O"6#8)5WG*0-*#/'*%8-0*,U8#@08G>*>55,*,U*2%*)#8P2*G*,@55#-)*2*,s d,@*,/5,08*)5--,>f DpH S*#/82>8)/#55>D]nh*2%*P*-0)#5'0-*N86@*,U*@55#/5,U*22'(088%,V*@*#25,@%6,,*, 08*)5--*,sd,@*,/5,08*)5--,>f BCH R*,0 6 P*%*,@ G*0 ;\Q& &*#/'* Q(5#>*-, Q8GG*#'52 T#8)*#07[-s _8 L5W %5, **, @*#>*2L% 60>*P#*@@8'6G*,088%,V*@*#25,@U8#@*,08*>*)5-0sd,@*,/5,08*)5--,>f BDH 1*,%06@50)5#0L*,N'(*/*,**,-,V*@*#25,@55,**,@*#>*2L%*-05,@55#@%6,,*,*,U22*, /*#P,@*,sd,@*,/5,08*)5--,>f M,@*#@**2KF&28)8)G*#%,>*, BBH. (**30,G@@*2- **, >#880 55,052 /#5>*, P*5,0U88#@H :8>*2L% (**30 6,8> **, 2550-0* -2808)G*#%,>d*,fG*0P*0#*%%,>080-*#/'*%8-0*,W)#8'*--*,W/*#5,@*#*,@*G5#%0P*U*>,>*,W*0 '*0*#5U*2%*6,6%6,055,>*/*,H naraleb7\ui6_^^\b\im 6]\_J]Z6BU\ =*#8,@*# NL, @* -5G*,>*0#8%%*, 5,0U88#@*, /5, @* /*#(66#@*#W (66#@*# *, /5-0>8*@G5,5>*# U**#>*>*/*,H1*5,0U88#@*,)*#5'08#NL,8)>*,8G*,,PL25>*DCH /#55> &5G*,/500,>60%8G-0*,08*2'(0,> DH BH jh 1*#*-)8,@*,0*,>*/*,8/*#(*052>*G**,55,@50(*0-7-0**GU*2/82-0550H"'(0*#-G*0,5G*(*0)#8'*-*,@*0#5,-)5#5,0***, >#880)#8P2**GH=*#,N86@*,-25>*,>*G55%0G8*0*,U8#@*,*,G8*0(*0N*%*#PL@*)#83*--8,*2*)5#0L*,/**2P*0*#%6,,*, U5,,**#G*,*#-*#*6N*#G**8G>550*,%#0-'(*#%L%0,55#@*%8-0*,O%U520*0/*#(86@,>H 1*#*-)8,@*,0*,>*/*,55,0*>*,)#8P2*G*,55,0*28)*,52-8,L6-0**,8,0*#*'(0*@88#P*25-0,>W53#*%*,,>*,/5,B-8G-j83J L55#0*#6>W>**,830*U*,>,38#G50**,08*2'(0,>PL@*53#*%*,,>WU*,>080>**,0#5,-)5#5,0*U55#@88#G*,>**,>*/8*2 (**30U55#/88#G*,P*0552@*,@*/88#-'(800*,2>>*,,*0520L@,2L,G*0@*53#*%*,,>H155#,55-0-(*0)5%%*0/5,2*/*#,>*,*, @*,-0*,/55%60>*P#*@WG55#@*-*#/'*-@*G*,%#L>0/82@8*,@55#25,>,*0520L@55,H "#P*-0550**,>#80*53%**#G*0P*0#*%%,>080@*Ec5@G,-0#50*/*#>8*@,>H1*#*-)8,@*,0*,>*/*,55,(*0**,-0*NL,G*0**, P*28,,>--0#6'066#WGG*#-G8*0*@*#**,P*0552@U8#@*,/88#(*0U*#%@50(L83NL@8*0WG55#@*5@G,-0#50*P*28,,>/5,Ec 8/*#@*(88>0*/5,@*-*#/'*%8-0*,-**,)*#/*#-*)#%%*2H:*,N86G**#/8*2*,/88#**,>*@**20*/5-0W)66#/88#(*08)G5%*, /5,@*53#*%*,,>*,/*#@*#**,P*28,,>,@*/8#G/5,**,)#*-050*/*#>8*@,>d52@5,,*0@88#(66#@*#83/*#(66#@*#P*0552@fH JH 1* 5,0U88#@*, 8) @*N* /#55> 28)*, 60**,H ",%*2*, N*>>*, @50 @* /*#(66#@*# 522* -*#/'*O *, 8,@*#(86@-%8-0*,W @6-88% 8,@*#(86@-'8,0#5'0*,W/88#NL,#*%*,,>*,#-'8G8*0,*G*,H9,@*#*,>*/*,55,@50*#**,2G*08)G8*0%8G*,080**, G5bG552P*@#5>*,U**#5,@*#*,N*,@*-*#/'*%8-0*,52-)8-0*,@*/822*@>PL@*(66#@*#2>>*,H=*0G55%0(*#PLU*,> /*#-'(2U*2%*5'08#d(66#@*#W/*#(66#@*#83/5-0>8*@G5,5>*#f@*N*/#55>(**30P*5,0U88#@H EH KH ih 1*#*-)8,@*,0*,>*/*,55,(*0**,-0*NL,@50G*,0#5,-)5#5,0*#*,G**#'8,'#**0(*0)5%%*0/5,2*/*#,>*,*,@*,-0*,G8*0 53-0*GG*,Hh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b*#*,(*G,**,522O, (66#)#L-H1*G*,,>*,/5,@*#*-)8,@*,0*,d/88#52(66#@*#-f(8*G*,@5,/*#/82>*,-G*0@*-*#/'*%8-0*,8G>550NL,-'*)0-'(H 4*0*2L%N52@*/*#(66#@*#@*N*%8-0*,/88#(55##*%*,,>G8*0*,,*G*,WG55#(*0>*/8*2(**#-0@50@0,*0520L@>*P*6#0H155#PL /*#U5'(0G*,U*2@50,@*08*%8G-0(*0(6@>*-7-0**GN52/*#5,@*#*,,55#**,3b*@3**-7-0**GW@55#G*,N*%*#(*@U2*, >**,8,/*#U5'(0*%8-0*,83G**/522*#-,**,,*6UP8*%L55#H ph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

DDH 1* 2*/*#,>*, *, @*,-0*,W @* -*#/'*%8-0*,W %6,,*, /**2 -)*'3*%*# U8#@*, P*,8*G@ *, G8*0*, U8#@*, >*08*0-0 55, %U520*0-G*0,>*,>*/*,@*#*-)8,@*,0*,55,H150-88%,8@>8GG**#>#)8)*,'8,0#82*8)(*0)#8'*-0*%#L>*,H DBH 1*N*/#55>-**,/*#2*,>,>8)/#55>DDH1*#*-)8,@*,0*,>*/*,6,5,*G55,@50@*/5-0>8*@G5,5>*#@*2*5@G8*0(86@*,8/*# (*0 -*#/'*%8-0*,)#8'*- *, (L **, @6@*2L%* 8,@*#P86U,> /5, (*0 -*#/'*%8-0*,)5%%*0 G8*0 >*/*,H "'(0*# G8*0 @* /5-0>8*@G5,5>*#@55#PLU*20#5,-)5#5,0NL,H Dj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dP*2*/,>f0*%6,,*,G*0*,HM)@*G5,*#%6,,*,*#@6@*2L%*mT\[-U8#@*,8,0U%%*2@U55#55,@*-*#/'*%8-0*, >*G*0*,%6,,*,U8#@*,Hh5,0(*0%8-0/55%G**#*,*#>*8G/5,**,],55#**,DC0*>55,W,)2550-/5,**,B,55#**,KH 155#8GN86(*0>8*@NL,)*#U,%*2'*,0#6G/5-00*-0*22*,U50@*>*U*,-0*%U520*0-,/*56-NL,*,G8*0G*,(*#/*#/82>*,-@* )5%%*00*,8)53-0*GG*,H DKH S#LU*2522*#*-)8,@*,0*,>5/*,55,@50*#G**#0#5,-)5#5,0*G8*0%8G*,8G0#*,0@*-*#/'*%8-0*,H1*/5-0>8*@G5,5>*#-(*#, /88#52-,8>0*#6>(86@*,@WG55#(L>**30*/*,**,-55,@50G**#0#5,-)5#5,0*,8@>-*,@50G*,G**#8)*,%55#0G8*0-)*2*,H1* #*-)8,@*,0*,>*/*,55,@50**,@*G5#'50*2L-0(*#,N*%*#**,>8*@(62)G@@*2N52NL,W*'(0*#2>0(*0*#55,080(8*/*#G*,N52 >55,W@*N*0*#6>(86@*,@(*@(**#-0/88#,5G*2L%PL@*/5-0>8*@G5,5>*#*,@*/*#(66#@*#H1*(66#@*#N86>#55>N*,@50*# /822*@>,N'(0U8#@0>*>*/*,H Di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pH 1*#*-)8,@*,0*,%8,@*,,*0@#*'0**,P*-0)#5'0'*>*/*,H"2%25,@(**30NL,*>*,U*00*,*,#*>*2-*,@55#8G-(*0N**#G8*2L% 8G**,6,38#G)#8'*-,**#0*2*>>*,/88#522*"6#8)*-*25,@*,838G**,P*-0)#5'0'*8/*#0*,*G*,Hh*2>**30G*,55,@50*#, (*052>*G**,G**#8G0#*,00#5,-)5#5,0*G8*0U8#@*,/*#%#*>*,HM8%NL,**,55,05225,@*,W/88#,5G*2L%@*&'5,@,5/-'(* 25,@*,W/**2/*#@*#52-(*0>5508G3b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abel 21 Conclusie samengetrokken antwoorden respondenten (eigen bewerking) naralf_\f@[e8e\[8i^_7ei\8\i6z8me 1*,0*#/*U- P*/*-0>*, @* '8,'26-*- *, @* )#8P2**G-0*22,> @* #**@- **#@*# - >*-'(*0-0, (*0 8,@*#N8*%*,/#LU*2522*5'08#*,d(66#@*#W/*#(66#@*#*,P*(**#@*#fNL,(*0**,-8/*#@*>*-'(*0-0* )#8P2*G50*% 8G0#*,0 @* -*#/'*%8-0*,H 1* (6-/*-0,>-25-0*, P*0#*33*, *,%*2 @* 25-0*, @* /5,60 @* 8/*#**,%8G-006--*,@*(66#@*#*,@*/*#(66#@*#/88#0%8G*,W*,@55#,55-0(**30@*(66#@*#88%,8> 522*#2*5,@*#*25-0*,H=*0-*#/'*%8-0*,)#8P2**G-**,>#8**,@)#8P2**G*,0#*%0-0**@-G**#55,@5'(0 /5,@*P*0#*33*,@*5'08#*,,@*G5#%0*,@*)#8P2*G*,,@*G5#%0'8,'*,0#*#*,N'(8)**,>*P#*%55, 0#5,-)5#5,0*W/*#-'(2,P*25,>*,W8,@6@*2L%*U*0*,#*>*2>*/,>*,**,-*#/'*%8-0*,)#8'*-@50,*0 G**#%28)0G*0@*N*0L@*,@*8,0U%%*2,>*,8)@*/5-0>8*@G5#%0H1*(6@>*G5#%0/#55>08G@6@*2L%* 53-)#5%*,W0#5,-)5#5,0**,>**,/*##5--,>*,5'(0*#53d"H&'(8*,G5%*#-<m**#-WBCDDfH:*,-G**# %8-0*,P*U6-0*,(*0#*,@*G*,0/5,@*8,@*#,*G,>-0550/88#8)H1*G5#%0-55,(*0/*#5,@*#*,/5,**, /*#(66#@*#-G5#%0,55#G**#**,(66#@*#-G5#%0U55#,@*(66#@*#G**#'*,0#552-0550*,P*U6-08G>550 G*0(*0#*,@*G*,0/5,NL,8,@*#,*G,>dS*#%*#%WBCDBfH "#0,/""#("//,#2%5/")%5"#/%/""#+,#-+,#-+,#.,/0*/,"5"/>"/'")),#2/%/."'1,;")%./"#1%%'G\"&"'4*#&."H+,#)"4;"#/'*A "& &

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v2*P*25,>G*0N'(G**@50G*,@6@*2L%(*@U*,-00*(*PP*,8/*#(*03*083P*)552@*%8-0*,,@* -*#/'*%8-0*, N00*, 83,*0 *, @6-52- N8@5,> *33*'0 (*PP*, 8) (*0 #*,@*G*,0 83,*0H =66#@*# *, /*#(66#@*#(*PP*,@6-2*/*#>*3b**#@*)#LN*,U55#,@*-*#/'*%8-0*,NL,8)>*,8G*,WN8@50NL,*0 G**#5'(0*#53U8#@*,>*'8,3#8,0**#@G*0**,-*#/'*%8-0*,53#*%*,,>HM3@0,/8#G/5,3b*@3**-83 @88#G@@*2/5,#-'8)5#0')*#*,@*G8*0(8@*,>*P*6#0G55%0**,(66#@*#3*0*2L%,*060W52-(LG55# U**0(8*(88>NL,(6-/*-0,>-25-0*,NL,HR8/*,@*,NL,(66#@*#--'*)0-'(8/*#@*P*28,,>--0#6'066# /88# @* P*(**#@*#H =L %#L>0,5G*2L% Ec /*#>8*@,> 8/*# @* (88>0* /5, @* -*#/'*%8-0*,53#*%*,,>H h5,,**#@*-*#/'*%8-0*,25>*#60/522*,w8,0/5,>0@*p*(**#@*#@6-88%**,25>*#*/*#>8*@,>h10-**, )*#/*#-*)#%%*2@*(*0U5,0#86U*,,@*G5#%0522**,G55#/*#>#880H =*0)5%%*0/5,2*/*#,>*,*,@*,-0*,-/88#N8U*2@*(66#@*#52-/88#@*/*#(66#@*#-8G-**,>#L- >*P*@*,(*#@88#8,0-0550**,-'*)0-'(*(86@,>06--*,@*N*)5#0L*,8G@50NL,*0520L@U*0*,U55#N* /88#P*052*,H155#,55-0NL,-*#/'*%8-0*,P*25,>#L%/88#(*0P*(552@*#*,@*G*,0/5,@*P*0#*33*,@* )5#0LH M8% - /55%, **#-0* 88>8)-25>,*0,N'(0*2L% U*2%* 53-)#5%*,W '8,0#5'0*, *, @*#>*2L%* NL, >*G55%0WU55#@88#(*0)#8'*-/*#0#8*P*2@*,G8>*2L%%8-0*,U8#@*,>*P8*%08)-*#/'*%8-0*,@*>**, -*#/'*%8-0*,NL,W835,@*#-8GH=*#/88#N86**,@6@*2L%8/*#N'(0G8*0*,U8#@*,>*G55%0G*0U*2%* '8,0#5'0*,*,53-)#5%*,*#NL,*,(8**#U8#@08G>*>55,G*0@*N*%8-0*,HM8%,#*250*080@*3b*#,> /5,@*-*#/'*%8-0*,WU50G8>*2L%**,,*6U*08*%8G-0-/88#@*G5#%0WG8*0@6@*2L%NL,(8**#G*0 >*3b**#@*-*#/'*%8-0*,G8*0U8#@*,8G>*>55,*,U*2%*#-'8[-@0G*0N'(G**P#*,>0H10%5,/5, 8,@*#-'(*@*,@P*25,>U8#@*,#'(0,>@*08*%8G-0N8250*,@*60%8G-0*,/5,@*,0*#/*U-N*,H=*0- @55#,55-0/5,P*25,>8GG**#0*38'6--*,8)(*0P*(52*,/5,#*-6205500*>*,-'(5))*2L%*%8-0*,H=*#/88# @*]CXBC#*>*2/5,T5#*08**,>8*@*G550-053WU55#PL(*0G55#BCc%8-0*,8G/5,**,%U520*0-,/*56B,55#%U520*0-,/*56]0*>55,WG55#5,@*#-8G(*0]Cc%8-0*,8G/5,**,],55#**,DC0*>55,dm8'(W BCDDfH:*,G8*0N'(53/#5>*,83@50#***2*,U*,-*2L%/88#(*0U,%*2'*,0#6G-H MG0#*,0@*-*#/'*%8-0*,NL,)5#0L*,(*0*#8/*#**,-@50(*0L6#@-'(%5@*#/88#52-,8>G5>*#-H"#-d0*f U*,>U*0O*,#*>*2>*/,>U55#@88#)5#0L*,/55%(6,*>*,'8,'26-*-0#*%%*,G*0P*0#*%%,>080@* -*#/'*%8-0*,H102*@0*#08*@50*#>**,08*N'(0-*,)5#0L*,*2%55#G8*2L%8)P*)552@*P*-2--,>*,83 >*@#5>-#*>*2-%6,,*,55,-)#*%*,*,-0550*#PL/88#P**2@>**,P8*0*P*)52,>0*>*,8/*#U5,,**#**, -*#/'*%8-0*,53#*%*,,>)5-jL55#250*#U8#@053>*#*%*,@Hh5,,**#@*-*#/'*%8-0*,,*0522**,,@* (66#8/*#**,%8G-0*,U8#@*,/5-0>*2*>@WG55#(*#88%U*0O*,#*>*2>*/,>8/*#%8G0WN852-(*0(66##*'(0 PL(66#8/*#**,%8G-0*,*,@*#>*2L%*WN52@*N*@-'6--*P2L/*,8,0-055,H.0@*,0*#/*U-%8G00*/*,-,55#/8#*,@50*#/*#-'(22*,@*G5#%0,>#*)*,*,8,@*#N8*%*,NL,>*@55,,55#@*-*#/'*%8-0*,G55#@*N*(*PP*,,8>,*0522*G552>*2*@080**,8)28--,>/88#@*)#8P2*G*,H_8- *#**,2*@#55@8,0U%%*2@*,>*/*,)5#0L*,-06%/88#-06%55,*#G**P*%*,@0*NL,*,*#,55#0*U*#%*,W G55#(86@*,NLN'(,*0520L@55,@*N*>*@#5>-#*>*2-U5,,**#@*N*d0*/**2f,(6,,5@**2U*#%*,H10 %8G0/*#G8*@*2L%@88#(*03*0@50@*N*2*@#55@*,@*>*@#5>-#*>*2-,*0/*#)2'(0U8#@*,>*-0*2@PL@* /*#-'(22*,@*5'08#*,H=*0N*23@*>*2@0/88#@*P*,'(G5#%H"#-**,P*,'(G5#%>*U**-0G55#@*N*--02 >*/522*, @88#@50 @* 'L3*#- /*#0#8*P*2,>*, 2*0*, N*, *, @55#@88# >**, #*v*2 P**2@ G**# 2*0 N*,H R8/*,@*,NL,#*'*,0*8,0U%%*2,>*,8G0#*,0**,P*,'(G5#%U*@*#8G-02%8G*,0*/522*,@88#@5088% (*#ht:n*23@*-0*%%*#*#60(**30>*0#8%%*,h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

"*, #*-)8,@*, /5,60 **, /5-0>8*@G5,5>*# >**30 55, @50 (*0W 8G (*0 )#8'*- >8*@ 8) 0* )5%%*,W,88@N5%*2L%-@50*#**,*b)*#00*5GG8*0%8G*,/88#@*-*#/'*%8-0*,H=*#PL%6,L*@*,%*,55,**, -*#/'*%8-0*,'8GG--*8353@*2,>@*N'(/5,60@*/5-0>8*@G5,5>*#*#G**P*N>(86@0W5'0*3-066#08) '8,0#5'0*,W@6@*2L%*53-)#5%*,G55%0*,N8#>0/88#**,>*-0#88G2L,@W,N'(0*2L%W*33'v,0*,*33*'0*3 -*#/'*%8-0*,)#8'*-H h5,,**# **, /5-0>8*@G5,5>*# (*0 )#8'*- 8,@*# '8,0#82* (**30 )5#0L*, '8,0,6,38#G**#08/*#@*-0506-*,53-)#5%*,WN52@00*,>8*@*%8G*,/5,@*-*#/'*%8-0*,*,@*53#*%*,,>H M8%P*/*-0>*,@*,0*#/*U-@*)#8P2*G50*%,(*0P60*,25,@H\,(*0,0*#/*UG*0=88>25,@W_U*0-*, 1*,M--,55#/8#*,>*%8G*,@50@*)#8P2*G*,#8,@@*-*#/'*%8-0*,88%,(*0P60*,25,@-)*2*,Hh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d/5-0>8*@G5,5>*#-f%6,,*,/*#%8)*,55,(6,8)@#5'(0>*/*#-*,(*2)0 @088%8G(*0**,'8G)*00*3*,>*-05,@55#@-**#@)#8@6'0U50*#08*2*@0@50@*@-'6--*8G0#*,0@* -*#/'*%8-0*,N52/*#G,@*#*,H Q8,'26@*#*,@%8G0*#60@*,0*#/*U-,55#/8#*,@50*>*,2L%>**,*,%*2*)5#0L/822*@>%255#/88#-8G 8/*# 0* -05))*, 8) **,,*6U G8@*2H :55# U5,,**# **, )5#0L @* -05) G55%0W /*#G8*@*2L% @* /5-0>8*@G5,5>*#8GN'(0*8,@*#-'(*@*,,@*G5#%0W%5,@0080**,,0*#*--5,0*U*,@,>2*@*,,@* G5#%0H1*/5-0>8*@G5,5>*#-,N*%*#*N,/*#5,0U88#@*2L%/88#@*-*#/'*%8-0*,53#*%*,,>*,(*0)#8'*- *,(**30@55#G**@*-2*60*2,(5,@*,8G0*250*,N*,@50(L,'8,0#82-*,U**0U55#(L(*08/*#(**30 U5,,**#(*08G(*0)#8@6'0-*#/'*%8-0*,>550H=L(**30(*#PL**,>#80*055%8G@*)#8P2*G*,*, -'*)0-'(*(86@,>*,PLN8U*2@*(66#@*#52-@*/*#(66#@*#U*>0*,*G*,@88#F O 0*N8#>*,/88#**,-05,@55#@W0#5,-)5#5,0*,6,38#G-*#/'*%8-0*,)#8'*-n O (*0>*P#6%*,/5,-05,@55#@@*3,0*-n O (*0-'(*))*,/5,@6@*2L%*%5@*#-@88#G@@*2/5,@6@*2L%*U*0O#*>*2>*/,>n O (*0,%55#0P#*,>*,/5,3,5,'v2**,3-'52*'8,-*k6*,0*-n O )5#0L*,(55#/*#5,0U88#@*2L%(*@*,250*,,*G*,n O (*0 '#*v#*, /5, **, /*#P*0*#@* *, /*#)2'(0 >*-0*2@* 2*@#55@ 83 -*#/'*%8-0*, '8@*W @5,U*2**,2*@#55@U55#55,)5#0L*,N'(%6,,*,'8,3#G*#*,*,@*PL@#55>055,G**# 0#5,-)5#5,0**,-05,@55#@-50*n O @*-*#/'*%8-0*,G**#**,'8GG*#'**2)#8@6'0250*,NL,WN8@50*#**,G**#'8G)*00*/* -0#L@8,0-0550*,)5#0L*,N'(*#88%G**#08*,N622*,-)5,,*,n O %#0-'(*(86@,>,0*,*G*,0*,8)N'(0*/5,@*@#*)5#0L*,*,@55#PL55,>*/*,U55# G*,,0*%8#0-'(*083U55#*#%5,-*,2>>*,,@*G5#%0@*0*/*,-(*2)*,080(*0'#*v#*, /5,**,@6@*2L%W0#5,-)5#5,0*,6,38#G-*#/'*%8-0*,)#8'*-H "#0,/""#("//,#2%5/")%5"#/%/""#+,#-+,#-+,#.,/0*/,"5"/>"/'")),#2/%/."'1,;")%./"#1%%'G\"&"'4*#&."H+,#)"4;"#/'*A & &

8.2 Feedbackronde experts V55-0 @*,0*#/*U- (*PP*, **, 55,052 *b)*#0-,8>g552-3**@p5'% *, '8GG*,055# >*>*/*, 8) @* P*/,@,>*,/5,(*08,@*#N8*%H95,@*'8GG*,055##8,@*(*PP*,@*/82>*,@*)5#0L*,@**2>*,8G*,F 4""1R9Qm;MV1" S*#(66#@*#- =RQ5)052 m2*)*##* &7,0#6-9'(G*5 =66#@*#- +(*&0,>XQ8-0*- S5,=5#*, S5-0>8*@G5,5>*#-F QR;" R*25,>*,8#>5,-50*- S?:Vg \SRV M/*#> M#5,>*3*2@ Tabel 22 Overzicht experts voor feedbackronde (eigen bewerking) 1*/88#,55G-0*#*-62050*,60@*N*3**@P5'%#8,@*NL,(*#8,@*#U**#>*>*/*,H Z6Y[[6]6E? YXF*=,/*4? =**030U*,>8)G*#%,>*,*,-)8-0*38/*#@*60%8G-0*,/5,(*08,@*#N8*%H"*,/5,@*P*25,>#L%-0* )6,0*,@*U*#@P*,5@#6%0PL@*3**@P5'%#8,@*-@50PL(*0t'8,32'0,P*25,>*,uU8#@0>*G)2'**#@@50 @* 8,0U%%*255#,38#G50* 5'(0*#(86@0H 10 - G-2*@*,@W/55% >*P*6#0@0 8,P*U6-0H 155#,55-0 -(*0 PL **,3b*@3**G8@*2/5,*--*,0**2P*25,>8G@*%U520*0W3#*k6*,0*W*,@*#>*2L%*/5-00*2*>>*,H F%',%G^4"=,"''"H? =**30U*,>8)G*#%,>*,*,-)8-0*38/*#@*60%8G-0*,/5,(*08,@*#N8*%H"*,/5,@*P*25,>#L%-0* )6,0*,@*U*#@P*,5@#6%0-@50(*0/88#P*2*>>*#-dG*0**,4R\O-0506-o4-'52*R*2*>>,>-\,-0*22,>f52- Q8#8,*0-08*>*-055,8G(*03b*@O3**-7-0**G08*0*)5--*,H4-'52-0*,>*/*,55,@50L*,@50>*/5255, (*08,@*#,*G*,P*,0*,,*0G**#55,(*0P*2*>>*,H=*#/88#N86**,#62,>/5,@*P*25-0,>@*,-0 G8*0*,%8G*,H155#,55-0N0(*0'8,32'0,P*25,>*,06--*,**,/*#(66#@*#*,(66#@*#/88#,5G*2L%,(*0 3*0@50**,/*#(66#@*#8)N8*%-,55#'822*'0/0*0PL-*#/'*%8-0*,W*,**,(66#@*#/88#,5G*2L%(*0,@/@6d*>*,P*25,>f,5-0#**30H E9#/'0.B;:5"* =**30U*,>8)G*#%,>*,*,-)8-0*38/*#@*60%8G-0*,/5,(*08,@*#N8*%H=*0->8*@8G%#0-'(,55#@*-*#/'*%8-0*,0*%L%*,WU5,0(*0-,8>0*/55%**,8,@*#>*-'(8/*,%,@L*H.0*,@*2L%%L%0@* #*0522*#,55#U50(LP*0552@55,(66#W-*#/'**,)#8G80*%8-0*,-5G*,H1*/*#(66#@*#(**30*#@6- U*2@*>*2L% P*25,> PL @50 @* -*#/'* *, )#8G80*%8-0*, N8 255> G8>*2L% P2L/*, U55#PL (*0 /88#N*,,>*,,/*56 U*2 )5--*,@ P2L30H 155#,55-0 - G*, )8-0*3 >*-0*G@ 8/*# @* 3b*@ 3** /88# -*#/'*%8-0*,W%5,00*%*,,>(*#PLU*2-@50*#@6@*2L%*53-)#5%*,>*G55%0G8*0*,U8#@*,8G0#*,0@* %8-0*,W%U520*0*,53-)#5%*,8G0#*,0(*0)5%%*0/5,2*/*#,>*,*,@*,-0*,*,@*60/8*#*#/5,HT6,0/5, 55,@5'(0NL,(*#PL@**,*#>*%8-0*,H=*0-N**#@*/#55>83G*,@0U*2G8*0U22*,*,6P*#(56)0%6,,*, 3b*#*,HM8%N86@*,(*#PL%U520*0-G*0,>*,G8*0*,U8#@*,8,0U%%*2@W*,U55#G**(*0%U520*0O*, )#L-,/*56 >*U55#P8#>@ %5, U8#@*, U8#@*, *, @50 (*0 88% PL@#55>0 55, 0#5,-)5#5,0*H "*, >8*@* 8)/8*@,>*,'8,0#82*/5,55,,*G*#-*,2*/*#5,'*#--(*#PL*--*,0**2WN8@50*,%*2U8#@0P*0552@/88# @*@55@U*#%*2L%>*2*/*#@*-*#/'*-*,@*,-0*,*,@50*#>**,)#838#G535'06#*,U8#@*,>*-066#@Ht"# /520,V*@*#25,@,8>/**2U,-00*P*(52*,8)@0)6,0H"*,P8**,@8,@*#U*#)`t "#0,/""#("//,#2%5/")%5"#/%/""#+,#-+,#-+,#.,/0*/,"5"/>"/'")),#2/%/."'1,;")%./"#1%%'G\"&"'4*#&."H+,#)"4;"#/'*A ""& &

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b*@3**-*#/'*%8-0*,G*0(8@*08*0*%6,,*,)5--*,,@*)#5%0L%H10P*0*%*,0**,,*6U P6-,*--G8@*2 'HkH G*0(8@* /88# @* -*#/'*%8-0*,53#*%*,,> G55# 88% /88# (*0 /5-0>8*@G5,5>*G*,0,NL,>*(**2H X@B\U\_6UB\8EBI8E? ZU7\@ S?: Vg - (*0 **,- G*0 @* P*/,@,>*, *, 60%8G-0*, /5, (*0 8,@*#N8*%H 1* @-'6--* 8G0#*,0 -*#/'*%8-0*,PLU,%*2'*,0#5U8#@0-0**@-P*25,>#L%*#*,G*,38'6-0-0**@-G**#8)(*0/*#%#L>*,/5, G**#0#5,-)5#5,0*W(*0G5%*,/5,@6@*2L%*53-)#5%*,8G0#*,0@*2*/*#,>*,*,@*,-0*,55,@*(66#@*#- *,U50*#8,@*#@*-*#/'*)5%%*00*,/520H&05,@55#@-50*-@55#PL,88@N5%*2L%H155#,55-0U8#@0*#P,,*, S?:Vg>*%*%*,83*#**,G8>*2L%*P*,'(G5#%%5,U8#@*,8,0U%%*2@/88#@*-*#/'*%8-0*,*,@55#,55-0 -(*0,050*3>*P8#*,8GU*@*#8G,55#@*g*@#55@/88#&*#/'*%8-0*,PLh,%*2'*,0#50*>55,%L%*,H =*#/88#N622*,/*#-'(22*,@*P*25,>*,/*#*,>,>*,P,,*,%8#0PL*2%55#%8G*,8G@55#/*#@*#8/*#0* -)5##*,H 8ZX\ =**30 U*,> 8)G*#%,>*, *, - )8-0*3 8/*# @* 60%8G-0*, /5, (*0 8,@*#N8*%H 155#,55-0 - **, 8/*#N'(0*2L%* *,,0*#*--5,0* &hm+o5,527-* /5, /*#-'(22*,@* -*#/'*%8-0*,G*0(8@*, **, U*2%8G* P*/,@,>H"*,/5,@*P*25,>#L%-0*)6,0*,@*U*#@P*,5@#6%0>5508/*#(*0'8,32'0,P*25,>*,H\,@* )#5%0L%%28))*,#*052*#-/55%PL/*#(66#@*#8)@*@*6#8)(*0G8G*,0@50(*0-2*'(0>550*,*#8)(66#e -*#/'*%8-0*,P*N6,>0G8*0U8#@*,H"'(0*#-(*088%@*/*#5,0U88#@*2L%(*@/5,@*#*052*#8GPL(*0-260*,/5,@*(66#8/*#**,%8G-0dU55#PL88%/88#@*-*#/'*%8-0*,U8#@0>*0*%*,@f>8*@8)0*2*00*,(8* @*-*#/'*%8-0*,8G-'(#*/*,NL,WU50(*#)#*'*-8,@*#/520W*,@55#*/*,06**2,5@*#*53-)#5%*,8/*#0* G5%*,H1*)#8P2*G*,U8#@*,,6*,%*2,-'(8*,*,/*#(66#@*#>*-'(8/*,H155#,55-0>55,P,,*,%8#0 *,%*2*P#5,'(*8#>5,-50*-8),050*3/5,\SRVG*0*2%55#8G053*28G0*%L%*,83U*080**,#6P#'*#,> "#0,/""#("//,#2%5/")%5"#/%/""#+,#-+,#-+,#.,/0*/,"5"/>"/'")),#2/%/."'1,;")%./"#1%%'G\"&"'4*#&."H+,#)"4;"#/'*A "& &

-*#/'*%8-0*,W -05,@55#@G8@*2 /88# @* -*#/'*%*,53#*%*,,>W @6@*2L%*#* *, -0#5%%*#* #*>62*#,> -*#/'*%8-0*,)#8'*--*,W 8)-0*22*, /5, )#*-050*>*#'(0* /*#>8*@,>*,W 6)@50*, /5, @* 2*@#55@ -*#/'*%8-0*, 6)@50*, d@6- >xx, P*,'(G5#%f *, U*22'(0 88% U*2 **, 5,@*# /*#@*,G8@*2 /88# @* /5-0>8*@G5,5>*#H+80-280-(*08)-0*22*,/5,**,P*,'(G5#%PLU,%*2'*,0#5G8*2L%Hh,%*2'*,0#5NL, 6,*% *, /**2 %8-0*, %6,,*, d(*255-f,8>,*0 G*0 *2%55# /*#>*2*%*, U8#@*, 8G@50 88% **, -06%L* 6,38#G0*0*,-05,@55#@*,(*#,8,0P#*%*,H155#,55-0G8*0@*,#'(0,>/5,@*/5-0>8*@G5,5>*G*,0 8#>5,-50**,)#8'*--*,@55#,88%U8#@*,P*%*%*,d(*0->**,>8*@@**8G/5-0>8*@G5,5>*#-(*#,,8>G**#/#L(*@0*>*/*,*,@55#,55-0>55,/*#(66#@*#-0*>*,U88#@>U**#-0**@-G**#N*23-06#*,fH _Z68U? _'*#2"<,"4& S5,60@*&hM+5,527-*/5,@*/*#-'(22*,@*G*0(8@*,P2**%@50(*0**,-0*#%)6,0-@50@*/*#(66#@*# *,/5-0>8*@G5,5>*#U*,>#-'8@#5>*,,@*(6@>*-*#/'*%8-0*,G*0(8@*HM#5,>*3*2@-L6-0/5, G*,,>@50@0**,P*@#*>,>/8#G0/88#@*-*#/'*%8-0*,PLU,%*2'*,0#5HMGG**#0#5,-)5#5,0**, @6@*2L%(*@ 0* %#L>*, 8G0#*,0 @* -*#/'*%8-0*, PL U,%*2'*,0#5 N86 @* 2*@#55@ 8,@*#@**2 G8*0*, 60G5%*,/5,@*92>*G*,*R*)52,>*,d;M_OG8@*22*,fH155#,55-0-/82>*,-M#5,>*3*2@(*0)#8P2**G@50 PL(*053-260*,/5,**,(66#8/*#**,%8G-0@*-*#/'*%8-0*,>**,)#8#0*0(*PP*,PLN8U*2@*(66#@*#52- @*/*#(66#@*#H=*0-G55#PLN55%HM#5,>*3*2@N*0@55#,55-0@50**,>#880@**2/5,@*/*#(66#@*#-,*0 **,-@*G8*0*,**G08G**,P*>#80,>8)0*-0*22*,HS88#-'(800*,U8#@*,P*)552@55,@*(5,@/5,@* G**-0#*'*,0*53#*%*,,>*,dU*2%*-8G-N*23-P*0#*%%,>(*PP*,8)**,)*#8@*jL55#>*2*@*,fHg550-055, @50N*P*,'(G5#%*,8)-0*22*,)*#%8-0*,-88#0H+80-280U8#@0**,/*#(66#@*#PL**,3b*@3**88%@#*'0 P*288,@/88#**,>8*@*P*(**#-,>/5,@*-*#/'*%8-0*,H?8*@%8)*#*'8,0#5'0*,(*PP*,**,@#*'0*,/28*@8)(6,#*-620550*,@55#,55-0G8>*,/88#@*2*,/88#P*)552@*(66#@*#-,*0>*@#5>*,U8#@*,@88# @*8/*#>*(66#@*#-WG55#@88#@*/*#(66#@*#H&5G*,>*/50-*#-@6-,8>/**2#6G0*/88#/*#P*0*#,>` "#0,/""#("//,#2%5/")%5"#/%/""#+,#-+,#-+,#.,/0*/,"5"/>"/'")),#2/%/."'1,;")%./"#1%%'G\"&"'4*#&."H+,#)"4;"#/'*A "#& &

8.3 Deelconclusies 1*,0*#/*U- P*/*-0>*, @* '8,'26-*- *, @* )#8P2**G-0*22,> @* #**@- **#@*# - >*-'(*0-0, (*0 8,@*#N8*%*,/#LU*2522*5'08#*,d(66#@*#W/*#(66#@*#*,P*(**#@*#f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dS*#%*#%WBCDBfH 155#,55-0>*/*,@*,0*#/*U**-55,@50/88#,5G*2L%@*/5-0>8*@G5,5>*#55,N*0-8G0*N8#>*,/88# **, P*0*# -*#/'*%8-0*,)#8'*-H 1*N* G8*0 /82@8*, 55, **, G**# -05,@55#@W 0#5,-)5#5,0 *, 6,38#G -*#/'*%8-0*,)#8'*-F (*0>*P#6%*,/5,-05,@55#@@*3,0*-n (*0-'(*))*,/5,@6@*2L%*%5@*#-@88#G@@*2/5,@6@*2L%*U*0O#*>*2>*/,>n (*0,%55#0P#*,>*,/5,3,5,'v2**,3-'52*'8,-*k6*,0*-/88#522*)5#0L*,n )5#0L*,(55#/*#5,0U88#@*2L%(*@*,250*,,*G*,n (*0'#*v#*,/5,**,/*#P*0*#@**,/*#)2'(0>*-0*2@*2*@#55@83-*#/'*%8-0*,'8@*W@5,U*2**, 2*@#55@U55#55,)5#0L*,N'(%6,,*,'8,3#G*#*,*,@*PL@#55>055,G**#0#5,-)5#5,0**, -05,@55#@-50*n @*-*#/'*%8-0*,G**#**,'8GG*#'**2)#8@6'0250*,NL,WN8@50*#**,G**#'8G)*00*/*-0#L@ 8,0-0550*,)5#0L*,N'(*#88%G**#08*,N622*,-)5,,*,n %#0-'(*(86@,>,0*,*G*,0*,8)N'(0*/5,@*@#*)5#0L*,*,@55#PL55,>*/*,U55#G*,,0* %8#0-'(*083U55#*#%5,-*,2>>*,,@*G5#%0@*0*/*,-(*2)*,080(*0'#*v#*,/5,**,@6@*2L%W 0#5,-)5#5,0*,6,38#G-*#/'*%8-0*,)#8'*-H 155#,55-0NL,@***#-0*60%8G-0*,/5,(*08,@*#N8*%,8>G552-/88#>*2*>@55,**,55,052#*-)8,@*,0*,H M8% (*#/88# - **, -*2*'0* >*G55%0 N8@5,> @50 522* 5'08#*, U*@*#8G /*#0*>*,U88#@>@ NL,H 1* 60%8G-0*,/5,@*N*3**@P5'%#8,@*55,*b)*#0--)5#5>#553]HB8)>*,8G*,HM/*#(*052>*G**,%5, U8#@*,>*'8,'26@**#@@50)5#0L*,(*0**,-NL,G*0@*60%8G-0*,*,55,P*/*2,>*,/5,(*08,@*#N8*%H 155#,55-0>*/*,NL55,@508/*#**,55,052)6,0*,WN852-)#*-050*/*#>8*@,>*,/88#@*/5-0>8*@G5,5>*# *,(*0G)2*G*,0*#*,/5,**,3b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mT\[--@5,88%,88@N5%*2L%H 10(883@-06%(**30G*@*5,0U88#@>*>*/*,8)@*@**2/#5>*,DHDWDHJWDHKWDH]WDHpWBWj<JH "#0,/""#("//,#2%5/")%5"#/%/""#+,#-+,#-+,#.,/0*/,"5"/>"/'")),#2/%/."'1,;")%./"#1%%'G\"&"'4*#&."H+,#)"4;"#/'*A "#& &

9. CONCLUSIES \,(883@-06%pU8#@*,@*'8,'26-*-60(*020*#5066#8,@*#N8*%W,0*#/*U-W3**@P5'%#8,@*G*0*b)*#0-*, @*'5-*-06@*-@*,@08,@*#N8*%55,P8@NL,>*%8G*,WP*-'(#*/*,H10(883@-06%/8#G0@55#G**/88#52 **,5,0U88#@8)@**2/#55>JWU55#G**/88#>55,@*@**2/#5>*,#**@-NL,P*5,0U88#@H "#0,/""#("//,#2%5/")%5"#/%/""#+,#-+,#-+,#.,/0*/,"5"/>"/'")),#2/%/."'1,;")%./"#1%%'G\"&"'4*#&."H+,#)"4;"#/'*A "#& &

phd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h50-@*(6@>*-0650*8g0#*,0@*v*@*#25,@-*u,%*2'*,0#5*,@*-*#/'*%8-0*,s DHD =8*N*0(*0-*#/'*%8-0*,)#8'*-*#60*,(8*NL,@*-*#/'*%8-0*,8)>*P86U@s Y"/."'1,;")%./"#='%;".,. 5"/ 0,/1%"',2 >":*#&"4&,# =*'*2'**< TAn "# &**',#,. >".;:'"1"# :%" &"."'1,;")%./"#"#&"."'1,;")%./"#*<'")"#,#2,.%=2">%0+&AY"/."'1,;")%./"#='%;".%51*/&"2":"4";9;40. 1*#>,V1%%'>""4&:"/**#./"44"#1*#""#.;:%%#5*)"'1%%':"/.;:%%#:%0&"#1*#:"/+,#)"4;"#/'05/%/"# 5"/ &" &%%'>"4*./,#2 "# *<'")"#,#2 1*# &"(" )%./"#A E"'1,;")%./"# +%'&"# &0. >",#14%"& &%%' 1""4 1"'.;:,44"#&"*.=";/"#"#(,V#1*#1""4<*;/%'"#*<:*#)"4,V)G.;:%%#5**)3>"1"4,2,#23)+*4,/",/3"/;"/"'*HA DHB h55#%8g*,-*#/'*%8-0*,/5,@55,*,(8*nl,@*v*@*#25,@-*u,%*2'*,0#58,0-055,*, 8)>*P86U@s M,#)"4.%#&"'>'"#2"#,#pp#2">%0+%<;"#/'053:"/(%2"#%"5&"+,#)"4;"#/'053+%'&/*4""#4*#2"/,V& 2"&**#"#&"""'./"+,#)"4.%#/./%#&"#,#&"1%'51*#5*')/"#A\**'5*/"./"&"#2'%/"'+%'&"#"#5""',#+%#"'.:">>"#3)',V2"#(,V%%)5""'G1"'(%'2"#&"H<0#;/,"."#,.:"/1"'(%'2,#2.2">,"&&0.0,/2"./'")/"' G7*./%=3 SaRS3 =A jha Z%42"#. F:',./*44"',. "' 1%%',"&"'" 1%%'(,"#,#2 ""# 5,#,505 &'**214*)3 &" &'"5="4+**'&"3#%%&(*)"4,V)1%%'&*/&"(")*#+%'&"#**#2">%&"#"#&"("&'"5="4+**'&"1*',""'/="' 1%%'(,"#,#2G7*./%=3SaRS3=AjHA7"/:"/%#/./**#1*#&"("+,#)"4;"#/'*(,V#%%)&"."'1,;")%./"#%#/./**#A Y0,.1"./,#2.4*./"#"#."'1,;")%./"#(,V#%#4%.5*)"4,V)5"/"4)**'1"'>%#&"#"#1%'5"#&"GV**'4,V)."H)%./"# &,"1%%'/14%","#0,/:"/:0'"#1*#""#+,#)"4'0,5/"A DHj =8*-@*V*@*#25,@-*U,%*2)25,,,>080-05,@>*%8G*,*,U50NL,@*/*#U5'(0*0#*,@-,/5,U,%*2/5-0>8*@/88#@*08*%8G-0s 8#\"&"'4*#&(,V#&"+,#)"4;"#/'*"#4%;*/,".1%%'/2")%5"#0,/""#=4*#5*/,2""#<0#;/,%#""43:,e'*';:,.;:"3 &"/*,4:*#&"4../'0;/00' GZ"'5"04"# h M,"5*#3 SaRa3 =A RbqHA P]%%'&*/ 1%42"#. &" \"&"'4*#&." +,#)"4=4*##,#2,"&"'";%#.05"#/%=4%%=-&*#+"4<,"/.*<./*#&(,V#&*2"4,V).">%%&.;:*=="#5%"./)0##"# &%"#3,.,#%#.4*#&""#1""4<,V#5*(,2"'&"/*,4:*#&"4../'0;/00'%#/./**#&*#,#:"/>0,/"#4*#&NG^'*>>"#3 SaRTHA]"2">%0+&"%52"1,#2(*41,/*4,/",/5%"/"##*./'"1"#&%%'(,;:/":"'%',e#/"'"#"#**#/"=*.."# **#&"+"#."#1*#&"G/%")%5./,2"H2"#"'*/,"G1"'."/*4A3SaRRHA_%)./**/&"&,2,/*4,."',#2"#/";:#%4%2," #,"/./,4"#1"'*#&"'/&,/,#'*=/"5=%:"/+,#)"4;"#/'05A],/>",#14%"&/%%):"/;%#.05"#/"#2"&'*2"#)*# (,V./""&.5""'),"("#1%%'%<<4,#"%<%#4,#"+,#)"4"#A],/:""</%%)2"1%42"#1%%'&"."'1,;")%./"#"#:"/ **#>,"&"#1*#4"1"',#2"#"#&,"#./"#&,":,"'%=,#.="4"#1%%'&":00'&"'.A DHJ =8*N*0(*0L6#@-'(%5@*#8G0#*,0-*#/'*%8-0*,*#60s Y"/V0',&,.;:)*&"'>,V:"/."'1,;")%./"#='%;".,.>".;:'"1"#,#:%%<&./0)TAT1*#&,/%#&"'(%")"#"')*# 2";%#;40&""'&+%'&"#&*/"'1%%'*4.#%2+",#,2V0',&,.;:"2'%#&"#(,V#+**'%=&"."'1,;")%./"#/%/./*#& )%5"#A_%),."'#*0+"4,V).+"/"#'"2"42"1,#2%=&,/2">,"&A_5=*'/,V"#5""'1"'*#/+%%'&"4,V):",&/" 4*/"# #"5"# 5%"/"# "'./'*))" '"2"4. "# ',;:/4,V#"# +%'&"# %=2"./"4&3 &," /"1"#. V0',&,.;: +%'&"# "#0,/""#("//,#2%5/")%5"#/%/""#+,#-+,#-+,#.,/0*/,"5"/>"/'")),#2/%/."'1,;")%./"#1%%'G\"&"'4*#&."H+,#)"4;"#/'*A "#& &

1*./2"4"2&(%&*/=*'/,V"#(,;:"'**#5%"/"#;%#<,'5"'"#A],/.;:"=/&**'5""&0,&"4,V):",&1%%'(%+"4&" :00'&"'*4.&"1"':00'&"'A DHE =8*N*0(*03,5,'**2%5@*#8G0#*,0@*-*#/'*%8-0*,*#60s c%*4.:"/+%%'&."'1,;")%./"#:"/*4("2/3(,v#"'<,#*#;,"e#5"/&"."'1,;")%./"#2"5%",&ay"/<,#*#;,""4 )*&"'>,V:"/."'1,;")%./"#='%;".,.2'%%/Ac")"'+*##""'0,/&,1"'."%#&"'(%")"#"#&"5*')/>4,V)/&*/&" :00'=',V.;ALA&":0,.1"./,#2.4*./"#1*#""#:00'&"';,';*Rar1*#&">'0/%%5("/&,"""#:00'&"')*# 5*)"#,#(,V#+,#)"43>"&'*2"#A]"."'1,;")%./"#>"/'"<<"#;,';*n-Rbr1*#&":0,.1"./,#2.4*./"#1*#""# :00'&"'A'5%"/&**'%5%=""#1"'*#/+%%'&"5*#,"'+%'&"#%52"2**#5"/&"."'1,;")%./"#"#&"2"4&"# 5%"/"#"<<,;,"#/3"<<";/,"<"#/'*#.=*'*#/+%'&"#>"./""&A]**'#**./1*',""'/&">*#&>'""&/">,##"#&"(" +,#)"4;"#/'*1*#;*Asn3nR="'5S1%%'%="#+,#)"4;"#/'*"#;*AsqW3RT="'5S1%%'2".4%/"#+,#)"4;"#/'*A DHK h*nl,@*-05%*(82@*#-,(*0)#8'*-*,u50nl,(6,p*25,>*,s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i =8*N*0(*0-*#/'*%8-0*,)#8'*-*#P60*,V*@*#25,@d,0*#,508,552W\Q&Qf60*,U*2%*R*-0 T#5'0-*%6,,*,U*(*#60/88#V*@*#25,@2*#*,s Y"/."'1,;")%./"#='%;".,#:"/>0,/"#4*#&,.%#&"'(%;:/%=>*.,.1*#&"*#*49.".1*#%#&"'(%")"#1*#8FEF3 68FE"#&%%'5,&&"41*#"5=,',.;:%#&"'(%")%#&"'&"'".=%#&"#/"#1*#&",#/"'1,"+.A]"0,/)%5./"# :,"'1*# (,V# >".;:'"1"#,# :%%<&./0) b 1*# &,/ %#&"'(%")A Y"/ >4,V)/ &*/ :"/ 1%%'*4.#%2 4*./,2,. %5."'1,;")%./"#,#:"/>0,/"#4*#&/"='%V";/"'"#%=\"&"'4*#&A],/:""</"'1%%'#*5"4,V)5""/"5*)"#&*/&" +"/-"#'"2"42"1,#2#,"/%1"'*42"4,V)(,V#3"#:"/:00''";:/="'4*#&>":%%'4,V)1"'.;:,44"#&,.AM,#)"4;"#/'*,# :"/>0,/"#4*#&4*/"#(,;:%5&,"'"&"#&0.4*./,21"'2"4,V)"#5"/+,#)"4;"#/'*,#\"&"'4*#&A DH] h50-@*,/28*@/5,,0*#,**,*b0*#,*)#8'*--*,8)-*#/'*%8-0*,s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p h50 - @* 08*>*/8*>@* U55#@* d5@@*@ /526*f /5, @* /*#5,@*#,>X(*#@*3,v#,> /5, (*0 (6@>*-7-0**Gs ]"/%"2"1%"2&"+**'&""#:"'&"<,#,e',#21*#:"/.9./""5(,/1%%'#*5"4,V),#:"/<",/&*/&"='%>4"5*/,") %5/'"#/&"."'1,;")%./"#,#&"5*')/+%'&/%=2"4%./"#&*/"'""#2'%/"'"5*/"**#/'*#.=*'*#/,"+%'&/ 2">%&"#**#&"*;/%'"#A],/%#&"'(%"),.2"&**#>,##"#&"*<&"4,#26"*4./*/"7*#*2"5"#/G67H1*# 6"*4./*/"hY%0.,#2**#&"I";:#,.;:"[#,1"'.,/",/]"4</"#:"/.=";,<,")"%#&"'(%").2">,"&>"/'"</P*&&"& 1*40"NA ]" *&&"& 1*40" 1*#0,/ &,/ %#&"'(%") ',;:/ (,;: 1%%'#*5"4,V) %= :"/ %=/,5*4,."'"# 1*# :"/."'1,;")%./"#='%;". >,V +,#)"4;"#/'*,# \"&"'4*#&A M*##""' "' ""# &0,&"4,V)" **#>"1"4,#2k*&1,". )*# +%'&"# 2"<%'504""'&3 &," (*4 4",&"# /%/ ""# /'*#.=*'*#/3 "<<";/,"< "# "<<,;,e#/" >"#*&"',#2 1*# :"/."'1,;")%./"#='%;".3>,"&/&,/)*#."#1%%'&">"4*#2',V)./"./*)":%4&"'.,#&,/='%;".A]**'#**./,.:"/""# **#>"1"4,#2 1%%' &" 5*')/ %5 :"/ =*))"/ 1*# 4"1"',#2"# "# &,"#./"# 5""' *< /"./"55"# **# &" 1"'*#&"'"#&"5*')/"#%=&,"5*#,"'%%)5""')+*4,/",/"#&,"#./1"'4"#,#2/%"/"1%"2"#**#:"/=*))"/ 1*#4"1"',#2"#"#&,"#./"#A "#0,/""#("//,#2%5/")%5"#/%/""#+,#-+,#-+,#.,/0*/,"5"/>"/'")),#2/%/."'1,;")%./"#1%%'G\"&"'4*#&."H+,#)"4;"#/'*A "#& &

BH h50->*u*,-0*,#**@->*)#8p**#@8g@*)#8p2*g50*%8g0#*,0@*-*#/'*%8-0*,8)0*28--*,s BHD h*2%* 55,)5--,>*, 8G0#*,0 (*0 -*#/'*%8-0*,)#8'*- NL, >*U*,-0 @88# @* /*#-'(22*,@* -05%*(82@*#-s",U55#8Gs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j5**#&"##**<4%%=1*#:"/V**'C _#&"'>%0+,#21*#)%./"#5"/;%#/'*;/"#"#*<.='*)"#%5&"=',V.k)+*4,/",/1"':%0&,#2/"/%"/."#C 7%2"4,V):"&"#/%/;%#/'%4"1*#"D/"'#"3%#*<:*#)"4,V)"=*'/,V"#C U%"&"1*./4"22,#23%%)%=V0',&,.;:2">,"&3(%+"4,#&":00'%1"'""#)%5./3>":""'%1"'""#)%5./"#,#)%%=;%#/'*;/"#(%&*/"'5,#&"''0,5/"%#/./**/,#&",#/"'='"/*/,"1*#&"."'1,;")%./"#A BHB h55#8g(**30@*g*@#55@&*#/'*%8-0*,h,%*2'*,0#5,*0>*2*@080**,8)28--,>/88#(*0 )#8P2**Gs=8*W@88#U*WU5,,**#*,G*0U*2%@8*2-@*N*>*G55%0s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jA BHj h55#8g-@*n*2*@#55@u*2x,*008*>*)5-0,@*)#5%0l%s188#u*2%*)5#0l*,u8#@0@*n*u*2 >*P#6%0*,@88#U*2%*,*0s ]%%'&*/&"4",&'**&/"1',V>4,V1"#&,."#"'2""#;%#."L0"#/,".**#+%'&"#1"'>%#&"#3(%'2/&"4",&'**&"' #,"/1%%'&*/=*'/,V"#%%)&"1%%':"#5,#&"'20#./,2"*<.='*)"#+%'&"##*2"4""<&A],/(*4=*.2">"0'"# +*##""'&"'2"4,V)"*<.='*)"#1"'=4,;:/+%'&"#2"./"4&A_%)+%'&"#=*'/,V"#"'#,"/1%%'>"4%%#&+*##""'(,V +"41%42"#.&"4",&'**&+"')"#"#+%'&"#=*'/,V"#&0.#,"/2"/',22"'&%5(,;:"'**#/";%#<,'5"'"#A BHJ =8*%5,@*2*@#55@/88#-*#/'*%8-0*,U*2**,PL@#5>*(*#55,2*/*#*,sh*2%*55,)5--,>*, G8*0*,@55#,U8#@*,@88#>*/8*#@s Y"/,.>"4*#2',V)%5""#&0,&"4,V)='%;"."#./*=="#=4*#/":">>"#3(%&*/:"4&"'+%'&/%=+"4)"+,V("&" )%./"#+%'&"#&%%'>"4*./**#&"&,1"'.")%./"#&'*2"'.3+**'%#&"'&":00'&"'.GZ"'5"04"#hM,"5*#3 SaRa3=ASRSHAM*##""'&">"4*#2"#%'2*#,./*/,".&"*&1,"("#"#2"40,&"#0,/&"5*')//"':*'/"#"5"#)*# "'""#:"4&"'"',;:/4,V#%=2"./"4&+%'&"#+**'**#*44"=*'/,V"#(,;::%0&"#AY,"',#5%"/&0,&"4,V)>".;:'"1"#./**#+"4)"=%./"#+"4"##,"//:0,.:%'"#,#&"."'1,;")%./"#A]**'#**./(*4&"4",&'**&1"'=4,;:/2"./"4& 5%"/"#+%'&"#35%"/"#&">"=*4,#2"#+%'&"#%1"'2"#%5"#,#&"6_c-:00'%1"'""#)%5./"#"#5%"/"#&" *<.='*)"#GV0',&,.;:H+%'&"#**#2".;:"'=/(%&*/&"("5,#&"''0,5/"%="#4*/"#1%%'*#&"'",#/"'='"/*/,". %<5%2"4,V):"&"#>":%0&"#1%%'=*'/,V"#%5(,;:"'#,"/**#/"1"'>,#&"#AY,"'1%%',.""#=4*#1*#**#=*),#&"1%'51*#""#./*=="#=4*#>".;:'"1"#,#>,V4*2"j1*#&,/%#&"'(%")A jh h50(*pp*,g5#%0p*u*>,>*,52-@*/88#-*#/'*%8-0*,*,@*u,%*2'*,0#6g%u520*0-g8,08#080-05,@>*p#5'(0s jhd R*,'(G5#%,-*#/'*%8-0*,F jhdhd h50-@*(6@>*-05,@/5,n5%*,8g0#*,0@*p*,'(g5#%-*#/'*%8-0*,/88#u,%*2'*,0#5s ",N52@*N*P*,'(G5#%U*22*@*,080**,-0#6'06#*2*8)28--,>/88#(*0)#8P2**Gs ]">"#;:5*')"#&"%#/+,))"4,#2"#(,V#>".;:'"1"#,#:%%<&./0)jA'>"./**/*42"'0,5"/,V&""#>"#;:5*') 1%%'."'1,;")%./"#>,V)*#/%'"#+"4)",.%#/+,))"4&&%%'`@@A;:/"'"'>"./**/5%5"#/""4#%22""#";:/" >"#;:5*')1%%'."'1,;")%./"#>,V+,#)"4;"#/'*+**'&%%'"'+",#,2'"<"'"#/,".>".;:,)>**'(,V#A',.&%%' MJ7GMJ7U'%"=3SaRbH3+"4""#>"#;:5*')%#/+,))"4&35**'&"(",.#%2#,"/1"'&"'&%%'%#/+,))"4&"#,../,4)%5"#/"4,22"#AZ""4=*'/,V"#(,V#.;"=/,.;:%1"':"/**#4"1"'"#1*#2"2"1"#.:,"'1%%'AM"4+%'&/1,*&" ZU72"/'*;:/""##,"0+">"#;:5*')%=/"./"44"#A"#>"#;:5*')(*4%%>,V&'*2"#**#5""'/'*#.=*'*#/,"A "#0,/""#("//,#2%5/")%5"#/%/""#+,#-+,#-+,#.,/0*/,"5"/>"/'")),#2/%/."'1,;")%./"#1%%'G\"&"'4*#&."H+,#)"4;"#/'*A "#& &

jhdhb =8*%5,**,R*,'(G5#%&*#/'*%8-0*,h,%*2'*,0#5PL@#5>*,55,**,8)28--,>/88#(*0,*0O0#5,-)5#5,0*-*#/'*%8-0*,)#8'*-s 7"/""#2%"&">"#;:5*'))0##"#&"."'1,;")%./"#5"/"4)**'+%'&"#1"'2"4")"#"#)*#%=&,"5*#,"'%= /"'5,V# :"/ 1%%'.;:%/ "# *<'")"#,#2 >"/"',# 4,V# +%'&"# 2">'*;:/ "# +"/"# =*'/,V"# +*/ 5"# )*# 1"'+*;:/"#A"#2%"&">"#;:5*'))*#/"1"#.""#&0,&"4,V)">*#&>'""&/"/%#"#1*#&"."'1,;")%./"#"# &**'1%%' )"#2"/*44"# /%#"#A ]" >*#&>'""&/",#."'1,;")%./"# 1"'.;:,4/ ="' +,#)"4;"#/'053 ="' /9=" +,#)"4;"#/'05"#1**)%%)="'",2"#**'A],/:""</"'5""/"5*)"#&*/"4);"#/'05"#"4)"",2"#**'*#&"'.,."#"'2""#./*#&**'&5%&"4%<=*))"/1%%':*#&"#,.AZ%%'."'1,;")%./"#)*#&"(">*#&>'""&/"+%'&"# 2"(%;:/,#""#5*D,5**4G:%%2./"H>"&'*2&*/1%%'""#."'1,;"+%'&/>"/**4&"#""#5*D,5**4G4**2./"H >"&'*2 &*/ 1%%' ""# >"=**4&"."'1,;" +%'&/ >"/**4&A ]" >*#&>'""&/" >,##"# &,/ %#&"'(%") 1%%' +,#)"4;"#/'*1*',""'/1*#;*Asn3nR="'5S1%%'""#%="#+,#)"4;"#/'05"#;*AsqW3RT="'5S1%%'""# 2".4%/"#+,#)"4;"#/'05A]"2"5,&&"4&"."'1,;")%./"#(,//"#%=Ra3qSr/"#%=(,;:/"1*#&"2"5,&&"4&" :00'=',V.A E"'1,;")%./"# >,V +,#)"4;"#/'* 4*/"# (,;:,# 1"':%0&,#2 5"/ )*#/%'"# %< +%#,#2"# 4*./,2 >"#;:5*')"#A],/)%5/5"/#*5"&%%'&*/+,#)"4;"#/'*1**)+%'&"#2"(,"#*4.""#P0#,")N./0)1*./2%"&"# "',.2""#0#,<%'5,/",/A]"("1'**2,.1%%'#*5"4,V)>":*#&"4&,#&":%%<&./0))"#j"#q1*#&,/%#&"'(%")A jhb h,%*2'*,0#6gmu520*0-g8,08#f jhbhd =**30@*U,%*2'*,0#6G%U520*0-G8,08#,/28*@8)@*%U520*0*,@*>*2*/*#@*-*#/'*- *,@*,-0*,d-*#/'*%8-0*,f(8*%5,@*U,%*2'*,0#6G%U520*0-G8,08#(*#55,PL@#5>*,s ]"+,#)"4;"#/'05)+*4,/",/.5%#,/%',.>".;:'"1"#,#=*'*2'**<RASAR"#,#=*'*2'**<SAbASA]%%'5,&&"41*# &"+,#)"4;"#/'05)+*4,/",/.5%#,/%')0##"#+,#)"4;"#/'*,#\"&"'4*#&+%'&"#1"'2"4")"#5"/"4)**'A]" +,#)"4;"#/'05)+*4,/",/.5%#,/%',.""#/%%4&,"%#/+,))"4&,.%5&"+,#)"4;"#/'*,#\"&"'4*#&/")0##"# 5"/"# %= )+*4,/",/3."'1,;". "# &,"#./"#A _= >*.,. 1*# 1"'.;:,44"#&" %#&"'&"4"# "# /9=%4%2,"e# 1*# +,#)"4;"#/'*,.""#."4";/,"1*#+,#)"4;"#/'*2"5**)/"#(,V#&"("/"1"#.>"%%'&""4/%=:0#)+*4,/",/"#A]" ;"#/'* +%'&"# 1%%'#*5"4,V) 1"'2"4")"# %= )+*4,/",/3 **#1044"#&"."'1,;". "# ;%#.05"#/"#>"4"1,#2A ]**'#**./(%0&"+,#)"4;"#/'05)+*4,/",/.5%#,/%'5%"/"#+%'&"#0,/2">'",&%5%%)&"."'1,;")%./"#%= 1"'.;:,44"#&"+,#)"4;"#/'*5"/"4)**'/")0##"#1"'2"4,V)"#A]"**#("/,.,55"'.*42"2"1"#t jhbhb h8#@0@*u,%*2'*,0#6g%u520*0-g8,08##**@-08*>*)5-0,u,%*2'*,0#5*,%5,@*n*52- %U520*0-G*0*# PL@#5>*, 55, **, 8)28--,> /88# (*0 8),*6U,#'(0*, /5, (*0 -*#/'*%8-0*,)#8'*-s Z%%'*4.#%2 +%'&/ &" +,#)"4;"#/'05)+*4,/",/.5%#,/%' /%"2"=*./ %5 "#)"4 +,#)"4;"#/'* 5"/ "4)**' /" 1"'2"4,V)"#A ]" +,#)"4;"#/'05)+*4,/",/.5%#,/%' +%'&/ #%2 #,"/ >,V +,#)"4;"#/'* /%"2"=*./ %5 &"."'1,;")%./"#/"1"'2"4,V)"#A]"5%2"4,V):"&"#5%"/"#+%'&"#%#&"'(%;:/%<&")+*4,/",/.5%#,/%'%%))*# +%'&"#,#2"("/%5&")+*4,/",/1*#&"."'1,;")%./"#/"5"/"#"#5"/"4)**'/")0##"#1"'2"4,V)"#A JH h50nl,g8>*2l%*8)28--,>-#'(0,>*,*,8)28--,>--'*,5#8[-*,u50-**,g8>*2l%*g*0(8@* /88#**,*33*'0*/*#*,*33'v,0*#-*#/'*%8-0*,)#8'*-s JHD h50nl,@*#*-62050*,60,0*#/*u-w*b)*#0g**0,>-*,20*#5066#8,@*#n8*%s ]".=";,<,")"'".04/*/"#(,V#,#&">,V4*2"#1*#&,/%#&"'(%")%=2"#%5"#"#&"("1'**2,.1%%'#*5"4,V) >"*#/+%%'&,#=*'*2'**<TAj"#TAq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dv*@*#25,@-*fu,%*2'*,0#5 ]"+,#)"4;"#/'*,#\"&"'4*#&(,V#**#1"'*#&"',#2%#&"':"1,2A]**'#**./',;:/:"/+,#)"4>""4&(,;:./""&. 5""'%=>"4"1,#23<0#.:%=="#"#;%#.05"#/"#>,#&,#2A]"."'1,;"3:"/%=V"2"5*)"#1",4,21%"4"#"#""# 2%"&"0,/./'*4,#2:">>"#+%'&/./""&.>"4*#2"',#&"\"&"'4*#&."+,#)"4;"#/'*A]%%'&*/"'5""'",."# +%'&"#2"./"4&**#+,#)"4;"#/'*"#&"./*)":%4&"'.3:""</&,/%%),#14%"&%=&"=*))"//"#1*#4"1"',#2"#"# "#0,/""#("//,#2%5/")%5"#/%/""#+,#-+,#-+,#.,/0*/,"5"/>"/'")),#2/%/."'1,;")%./"#1%%'G\"&"'4*#&."H+,#)"4;"#/'*A "#& &

&,"#./"#**#&":00'&"'.A]"."'1,;")%./"#(044"#,#&"/%")%5./1*#&"\"&"'4*#&."+,#)"4;"#/'*""##%2 G1""4H>"4*#2',V)"'%4.="4"#AJ4*#5*/,2%#/+,))"4&"+,#)"4;"#/'*',;:/"#(,;:./""&.5""'%=%#&"'.;:",&"#& 1"'5%2"#"#",2"#*'"#1*#+,#)"4;"#/'*='%>"'"#&";%#.05"#/./""&.4*#2"',#:**'+,#)"4;"#/'05/" :%0&"#A7"#5%"/&**'%5&">":%"</"#"#1"'4*#2"#.1*#;%#.05"#/"#,#%1"'+"2,#2#"5"#%5%%),# &"/%")%5./""#**#/'"))"4,V)+,#)"42">,"&/"(,V#GE=""/V"#.hJ%./3SaRSHAY,"'%=5%"/"#%#&"'*#&"'"&" 5%2"4,V):"&"#+%'&"#*<2"./"5&"#5%"/"#&"1"':00'&"'"#1*./2%"&5*#*2"'&**'%=,#.="4"#A JHj m5,*#**,60>*p#*@**,52>*g*,*@*3,0*/88#-*#/'*%8-0*,plu,%*2'*,0#5u8#@*, >*38#G62**#@,5P*5,0U88#@,>/5,P8/*,-055,@*/#5>*,s E"'1,;")%./"#+%'&"#2"1%'5&&%%'&"P."'1,;"."#&,"#./"#&,"&"1"':00'&"'4"1"'/**#&":00'&"'N"#5"/ &"0,/)%5./"#1*#&,/%#&"'(%"),.&"1%42"#&"&"<,#,/,"1*#."'1,;")%./"#*44".%51*//"#&G=*'*2'**<TARaH? fe"'1,;")%./"#(,v#)%./"#1%%')4",#&*2"4,v).%#&"':%0&34"1"',#2"#"#&,"#./"#3,#;40.,"<*&5,#,./'*/,"1" 1"'2%"&,#2"#&**'1%%'3&,"/0.."#1"':00'&"'"#:00'&"'(,V#%1"'""#2")%5"#"#&%%'&"1"':00'&"'(,V# >"/**4&"#&,"+%'&"#&%%'>"4*./**#&"2">'0,)"'Ag JHJ h50 NL, @*,>#*@v,0*,w,5@50 P8/*,-055,@* @**2/#5>*, NL, P*5,0U88#@W 8G (*0 -*#/'*%8-0*,)#8'*-8),*6U,0*#'(0*,s c,"*#/+%%'&bara],/,.="'5"/:%&"*<:*#)"4,v)"#,#&"."'1,;")%./"#5"/:%&"1"'2"4,v),#23=*'*2'**<qab3,. &,/'""&.+""'2"2"1"#A 9.1.2 Beantwoording Hoofdvraag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e-*#/'*%8-0*, P*N6,>@G8*0U8#@*,H=*0-*'(0*#88%@*/*#5,0U88#@*2L%(*@/5,@*#*052*#8GPL(*0-260*,/5,@* (66#8/*#**,%8G-0 du55#pl 88% /88# @* -*#/'*%8-0*, U8#@0 >*0*%*,@f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d/*#(66#@*#W(66#@*#W/5-0>8*@G5,5>*#*, 8,0U%%*255#f/*#-'(22*,@NL,H1*/*#(66#@*#@*,%055,(*0'822*'0*3W0*#UL2@*(66#@*#/88#,5G*2L%55, (*0,@/@6d*>*,P*25,>f@*,%0H:*,-0*20@50)#8P2*G*,528,0-055,PL@*8,0U%%*2,>/5,U,%*2'*,0#5W U55#,-2*'(0*53-)#5%*,U8#@*,>*G55%08/*#@*(88>0*/5,@*-*#/'*%8-0*,*,@*8,0U%%*255#@*N* %8-0*,/55%dP*U6-0838,P*U6-0f25>*#(86@0@5,@*N*60*,@*2L%P2L%*,0*NL,H155#,55-0-G*,(6/*#> "#0,/""#("//,#2%5/")%5"#/%/""#+,#-+,#-+,#.,/0*/,"5"/>"/'")),#2/%/."'1,;")%./"#1%%'G\"&"'4*#&."H+,#)"4;"#/'*A "#& &

8/*#@*#-'8/*#@*2,>*,HRL(*0(6@>*W0#5@08,*2*WG8@*2@#55>0/88#,5G*2L%@*(66#@*#@*N*#-'8[-W PL**,3b*@3**G8@*22>0@0#-'8/**2G**#PL**,/*#(66#@*#H155#,55-0>**30**,/5-0>8*@G5,5>*# 55,>**,#-'80*U22*,@#5>*,H10-/#**G@WU5,052-(LN*%*#-/5,NL,N55%N86(L@0U*22'(0U*2 G8*0*,8/*#U*>*,HA6-08)@*N*)6,0*,%5,,@*08*%8G-0(*0/*#-'(2U8#@*,>*G55%0W@55#8)@0/25% @*>50*,,@*G5#%08,0-055,*,U55#@*/5-0>8*@G5,5>*#/5,%5,)#830*#*,HT5#0L*,N86@*,*2%55#G**# G8*0*,8)N8*%*,*,0*>*G8*0G8*0*,%8G*,55,*2%55#-P*25,>*,8GG**#0#5,-)5#5,0*0*/*#%#L>*,H &0#%0>*,8G*,NL,@*P*25,>*,/5,**,/*#(66#@*#*,**,(66#@*#,*0**,-N8/*#-'(22*,@*,NL,*#U*2 @*>*2L%8/*#**,%8G-0*,52-(*0>5508G**,>8*@*%8-0*,O*,%U520*0/*#(86@,>`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d8)NL,/#8*>-0N*-G55,@*, 250*#fU8#@*,53>*#*%*,@H10-*,*#NL@-28>-'(W55,>*N*,P*)552@*%8-0*,N852-*2*'0#5W>5-*,U50*#88% )5-250*#U8#@*,53>*#*%*,@W5,@*#NL@-2*@0@088%080)#8P2*G*,,@*L55#53-260,>*,/5,@*(66#@*#-H =66#@*#->*/*,55,@50@*53#*%*,,>25,>,*0520L@,2L,-G*0@*P*0552@*/88#-'(800*,WU55#@88#G*, G8*0PLP*052*,83>*2@0*#6>%#L>0H"*,520*#,50*3-8G0*U*#%*,G*03b*@-*#/'*%8-0*,WU55#PL*#**, /5-0P*@#5>U8#@053>*-)#8%*,06--*,(66#@*#*,/*#(66#@*#*,*#3*0*2L%>**,53#*%*,,>G**#(8*30 )2550-0*/,@*,H=*0-U*2/5,P*25,>8G@6@*2L%*53-)#5%*,0*G5%*,52-(*0>5508G%U520*0-G*0,>*, *,(*0U55#P8#>*,/5,@*%U520*0*,%8-0*,,#*250*080@*2*/*#,>*,*,@*,-0*,H155#,55-0G8*0(**2 )#*'*-U8#@*,8G-'(#*/*,U*2%@**2/5,@*@88#(66#@*#P*0552@*)#L-60(66#)L-P*-0550*,U*2%@**2 60-*#/'*%8-0*,HS88#**,/*#(66#@*#P*0*%*,@(*0,5G*2L%(8>*#*,%8G-0*,d(66#)#L-e-*#/'*%8-0*,f G55# 55, @* %8-0*,%5,0 P*0*%*,@ @0 (8>*#* %8-0*,W (*0>**,,*>50*/*# 8) NL,,/*-0*#,>-X P*2*>>,>-G8@*2@#6%0H155#,55-0G8*0G*,,5@*,%*,8/*#(*0U*283,*03b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bay00'=',v.q."'1,;")%./"#?.0(*020*#5066#8,@*#n8*%*,@*,0*#/*u-%8g0,55#/8#*,@50pl(*0-260*,/5,**,(66#@*52@88#**, (66#@*#,*0G**#522**,U8#@0>*%*%*,,55#@*(66#-8G/5,(*0>*(66#@*HM8%@*-*#/'*%8-0*,-)*2*, **,P*25,>#L%*#82W@55#@*N*/88#**,55,N*,2L%@**2P*)52*,@NL,/88#@*(6-/*-0,>-25-0*,/5,@* (66#@*#*,@6-**,-0*#%*33*'0(*PP*,8)(*0#*,@*G*,0/5,@*(66#@*#H1*(6-/*-0,>-25-0*,/5,**, (66#@*#P*-055,W%L%*,@,55#(*0Z(6-/*-0*,[8)@*28'50*W60@*(66#)#L-W@*-*#/'*%8-0*,*,@* )#8G80*%8-0*,H.0(*08,@*#N8*%P2L%0@50@*N*@88#**,(66#@*#52- één)8-0u8#@0>*n*,w0*#ul2,@* G5#%0U8#@0>*-)#8%*,8/*#@#*/*#-'(22*,@*)8-0*,HM,@*#@*(66#)#L-U8#@0/*#-055,*,%*2(*0(6#*, /5,@*U,%*2#6G0*HM,@*#@*-*#/'*%8-0*,U8#@*,@*2*/*#,>*,*,@*,-0*,/*#-055,*,8,@*#@* "#0,/""#("//,#2%5/")%5"#/%/""#+,#-+,#-+,#.,/0*/,"5"/>"/'")),#2/%/."'1,;")%./"#1%%'G\"&"'4*#&."H+,#)"4;"#/'*A "& &

)#8G80*%8-0*,/522*,@*)#8G808,*2*5'0/0*0*,N852-*/*,*G*,0*,HT#8G80*%8-0*,G5%*,*'(0*#>**, @**260/5,@*-*#/'*%8-0*,*,NL,/55%**,/5-0*PL@#5>*/5,**,(66#@*#d*,/*#(66#@*#fH"#/,@08)@* )#8G808,*2*5'0/0*0*,@6->**,53#*%*,,>)2550-HMG@*N*@#*)8-0*,52-**,)8-00*)5%%*,G8*0*,, @*08*%8G-0@*-*#/'*%8-0*,>*3b**#@U8#@*,N8@50/88#**,(66#@*#W/*#(66#@*#*,/5-0>8*@G5,5>*# @6@*2L%-U50@*%8-0*,*,8)P#*,>-0*,NL,H10N8628>-'(NL,W55,>*N*,8)@*N*G5,*#PL*2%*5,@*#* /8#G/5,,%8G-0*,*,60>5/*,,8#G520*#88%U8#@0>*U*#%0Hh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fe"'1,;")%./"#(,v#)%./"#1%%')4",#&*2"4,v).%#&"':%0&34"1"',#2"#"#&,"#./"#3,#;40.,"<*&5,#,./'*/,"1" 1"'2%"&,#2"#&**'1%%'3&,"/0.."#1"':00'&"'"#:00'&"'(,V#1*./2"4"2&"#%1"'""#2")%5"#"#&%%'&" 1"':00'&"'(,V#>"/**4&"#&,"+%'&"#&%%'>"4*./**#&":00'&"';ALA2">'0,)"'Ag &5G*,>*/50G8*0*,/88#**,*33'*,0*#*,*33*'0*/*#-*#/'*%8-0*,)#8'*-WG*0G**#0#5,-)5#5,0**,**, P#*@*#@#55>/25%@*/82>*,@*)6,0*,,5'(0U8#@*,>*,8G*,F ~.,38#G*'50*>8#-*#,>/5,@*%8-0*,)8-0*,n ~&05,@55#@G8@*2G*0-05,@55#@'50*>8#-*#,>/5,%8-0*,)8-0*,/88#@*-*#/'*%8-0*,53#*%*,,>n M)-0*22*, /5, **, @*G5#'50*2L-0 U55#, U8#@0 /5-0>*2*>@ U*2%*,-052250*-W -*#/'*- *, 2*/*#,>*,U8#@*,>*P8@*,55,@*(66#@*#-,(*0U,%*2'*,0#6Gn ~+L@>53#*%*,*,dP,,*,**,/5-0>*-0*2@*0*#GL,fn ~M)-0*22*,/5,)#*-050*>*#'(0*/*#>8*@,>*,/88#@*/5-0>8*@G5,5>*#n ~M)-0*22*,/5,**,P*,'(G5#%d,@*,*#**,>8*@*/*#>*2L%,>%5,U8#@*,>*G55%0fn ~+8*)5--*,/5,522O,(66#)#LN*,d3b*@3**-fU55#,@6@*2L%*53-)#5%*,>*G55%0U8#@*,8/*# 8,@*#5,@*#*%U520*0W)5%%*0/5,2*/*#,>*,*,@*,-0*,W)5%%*0(*#N*,,>*,*,/*#@**2-2*60*2-Wn "33*'0*/*#**,*33'*,0*#*,#'(0,>/5,@*/5-0>8*@G5,5>*G*,08#>5,-50**,(*08)-0*22*, /5,U*#%>#8*)*,@*@*-*#/'*%8-0*,G8,08#*,G8,08#*,@88#(*0L55#(**,n ~&*#/'*%8-0*,NL,)8-0*,@***,%#0-'(**,,56U%*6#>*P2%/*#*-*,n &0#5%%*G8,08#,>/5,@*%8-0*,@88#(*0L55#(**,n ~d?#880f95,p*-0*@*,/5,8,@*#(86@-'8,0#5'0*,8gn8-'(*#)*#,0*%6,,*,%8)*,n ~&*#/'*g*/*29>#**g*,0-53-260*,u55#,%u520*0w-*#/'*w*,@*#>*2l%*u8#@*,/5-0>*2*>@n ~93-)#5%*,G5%*,8/*#(8*G*,8GG8*0>55,G*0%2*,8,@*#(86@n 16@*2L%*53-)#5%*,8G0#*,0-0533*2%8#0,>*,*,/*#-'(22*,@*-*#/'*%8-0*,G*0(8@*%*,n Q#**#*,/5,@#55>/25%PLP#5,'(*8#>5,-50*-/5,(66#@*#W/*#(66#@*#*,/5-0>8*@G5,5>*#8G **,@6@>(*@*,6,38#G0*00*%#L>*,,@*-*#/'*%8-0*,H R8/*,>*,8*G@*)6,0*,NL,P*25,>#L%*/*#P*0*#)6,0*,*,G*0(8@*,/88#**,*33*'0*/*#*,*33'v,0*# -*#/'*%8-0*,)#8'*-W>*#'(08)G**#0#5,-)5#5,0**,**,P#*@*#@#55>/25%PL@*-05%*(82@*#-H "#0,/""#("//,#2%5/")%5"#/%/""#+,#-+,#-+,#.,/0*/,"5"/>"/'")),#2/%/."'1,;")%./"#1%%'G\"&"'4*#&."H+,#)"4;"#/'*A & &

phb &*#/'*%8-0*,PLU,%*2'*,0#5,V*@*#25,@ G\"&"'4*#&."HM,#)"4;"#/'* 1*U,%*2'*,0#5NL,,V*@*#25,@NL,/88#0>*%8G*,60**,)25,G50>**,36,'08,**2W(v#5#'(-'(*W @*052(5,@*2--0#6'066#*,@*N*-/88#**,>#880@**2,8>-0**@->*P5-**#@8)@*0(*8#*/5,Q(#-0522*# ds*#g*62*, < h*g5,w BCDCW )H DJifH 1* U,%*228'50* P*)552@ GG*#- @* 55#@ *, 8G/5,> /5, @* '8,-6G*,0*,-0#88G ds*#g*62*, < h*g5,w BCDCW)H JCBfH 1* >*P86U@* 8G>*/,> N52/0520*0 G8*0*,,5-0#*/*,@88#N'(0*(*#8#v,0*#*,*,55,0*)5--*,55,@*U*,-*,/5,@*d08*%8G-0>*f>*,*#50*N8@50 @*N* @* *'8,8G-'(* )80*,0*- U**0 0* P*,600*, *, U,%*2-0#6'066#, **, #*>8 83-05@ /0552 - dv*@*#25,@-*;55@/5,h,%*2'*,0#5wbcdjw)hdkfhs88#52-,8>>**30@*'8,-6g*,0/88#p*2*/,>x*#/5#,> *,/*#0#86U*,@*/88#%*6#55,(*08332,*U,%*2%5,552HMG@*'8,-6G*,0,(*0U,%*2'*,0#6G0*(86@*, G8*0*##*%*,,>U8#@*,>*(86@*,G*0F Q8,-6G*,0*,'8,-6G*,0*,P*2*/,>8)-*#/'*%8-0*,n T#L-*,/88#52%U520*0/5,>*2*/*#@*@*,-0*,d-*#/'*%8-0*,fn T#8G80*5'0/0*0*,WG5#%*0,>*,@*#>*2L%*n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d,@/@6*2*f -06#,>%#L>*,8)U50%U*2*,,*053,**GH?*N*,(*0**#-0*5-)*'0/5,@*/#55>P2L%0@50,@*G5#%0 25,>,*0520L@@6@*2L%-U55#/88#G*,-*#/'*%8-0*,P*0552@H155#@88#8,0-0550*#U#L/,>*,@-'6--*, @*G5#%08G0#*,0@*-*#/'*%8-0*,*,-(*0/88#52-,8>,*0G8>*2L%8G@*N*%8-0*,88%0*/*#>*2L%*,8) %U520*0H=*0P*0#*33*,@55#,55-0>*N5G*,2L%*W'822*'0*/*-*#/'*-@*522*5'08#*,,**,U,%*2'*,0#6G83 %5,088#>*P#6%*,H=*0-/5,>#880P*25,>@50*#G**#@6@*2L%(*@*,0#5,-)5#5,0*U8#@0/*#%#*>*, 8G0#*,0@*-*#/'*%8-0*,PLU,%*2'*,0#5*,@88#,*6U*8,0U%%*2,>*,,@*G5#%0/*#5,@*#*,@55#,55-0 88%,N*%*#*G50*@*-*#/'*%8-0*,W2*/*#,>*,*,@*,-0*,*,@*/*#-'(22*,@*-*#/'*%8-0*,G*0(8@*,@* @55#55,0*,>#8,@-25>2>>*,H E"'1,;")%./"#"#5"/:%&,")"# M)@0G8G*,0U8#@*,,@*V*@*#25,@-*/5-0>8*@G5#%0@*/82>*,@*-*#/'*%8-0*,G*0(8@*,*#%*,@F DH @*(6@>*-*#/'*%8-0*,G*0(8@* BH @*3b*@3**-*#/'*%8-0*,G*0(8@* jh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h5,,**#g*,-*#/'*%8-0*,>5503b*#*,g8*0g*,#*%*,,>(86@*,g*0@*p*25,>*,/5,@*(66#@*#w /*#(66#@*# *, /5-0>8*@G5,5>*#H RL (*0 3b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

%6,,*,0#*%%*,H1*8)@#5'(0>*/*#G8*08)NL,P*6#0(*0)#8'*-/822*@>PL@*/5-0>8*@G5,5>*#,**# %6,,*,2*>>*,*,(*0(*G08*/*#0#86U*,H155#,55-0-(*0*--*,0**28G,55#@*(66#@*#/82@8*,@* 0#5,-)5#5,0*0*U55#P8#>*,,(*0)#8'*-/5,@*-*#/'*%8-0*,H=*#/88#N52*'(0*#U*2**,L6#@-'(*08*0- G8*0*,U8#@*,>*@55,8G0#*,0@*53-)#5%*,W/*#)2'(0,>*,*,@*#>*2L%*/5,)5#0L*,H TA&"',.,;%=*'/,;,="'"#&"."'1,;")%./"#5"/:%&" 1*#-'8)5#0')*#*,@*G*0(8@*-,8>**,#*250*38,P*%*,@G8@*2,@*G5#%0H=*0-G*@*8,0-055,@88# 8,@*#N8*%/5,"@&'(8*,G5%*#-*,h22*Gm**#-dS*#%*#%WBCDBfWNL(*PP*,8,@*#N8*%>*@55,,55#@* (552P55#(*@/5,**,@*#>*2L%G8@*2HRL(*0#-'8)5#0')*#*,@8G>55,G*0@*-*#/'*%8-0*,U8#@0@* /5-0>8*@G5,5>*#88%**,#-'8@#5>*#-5G*,G*0@*/*#(66#@*#H=*0-/5,P*25,>8G@55#8/*#@6@*2L%* 53-)#5%*,0*G5%*,*,**,>8*@*055%8G-'(#L/,>/5,@*/5-0>8*@G5,5>*#/5-00*2*>>*,HM8%G8*0@* /*#>8*@,>/5,@*/5-0>8*@G5,5>*#55,>*)5-0U8#@*,/5,U*>*(*0#-'8)#83*2H=*0U8#@0GG*#-**,,*6UG8@*2W@6-@*/5-0>8*@G5,5>*#G8*0G8>*2L%88%NL,P6-,*--G8@*2@55#8)55,)5--*,H=*#/88# N52 *'(0*# U*2 **, L6#@-'(* 08*0- G8*0*, U8#@*, >*@55, 8G0#*,0 @* 53-)#5%*,W /*#)2'(0,>*, *, @*#>*2L%*/5,)5#0L*,H RL**,3b*@3**O*,#-'8)5#0')*#*,@*-*#/'*%8-0*,G*0(8@*G8*0U*2**,@6@*2L%/*#-'(2U8#@*, >*G55%006--*,522O,(6#*,*,3b*@3**-HRL522O,(6#*,NL,@*-*#/'*%8-0*,PL@*(66#)#L-,P*>#*)*,W PL3b*@3**U8#@0**,/5-0P*@#5>55,-*#/'*%8-0*,,55-0@*(66#)#L-53>*-)#8%*,H=*0-@55#,55-0/5, P*25,>8G55,0*>*/*,U50(*055,@**2-*#/'*%8-0*,-0*,8)N'(0*/5,@*(66#)#L-H=*0*33*'0/88#**, /*#(66#@*#->#80*#@5,/88#**,(66#@*#H"*,/*#(66#@*#>550PL**,522O,(66#60/5,**,(8>*#* (66#)#L-d,'26-*3-*#/'*%8-0*,f0*#UL255,NL,%8-0*,(8>*#U8#@*,dP*052*,/5,55,@**2-*#/'*%8-0*,fH S88#**,(66#@*#P2L30@0*'(0*#G,G552W55,>*N*,NL,(66#*,-*#/'*%8-0*,WP*@*,%8-0*,NL,H @",&'**&1%%'."'1,;")%./"#>,V+,#)"4;"#/'* 1*2*@#55@/88#-*#/'*%8-0*,-**,@8'6G*,0U55#,#'(02L,*,NL,8)>*-0*2@@*G8*0*,PL@#5>*,55, **,**#2L%*#*,0#5,-)5#5,0*#)#8'*-H188#@50@*2*@#55@0*/#LP2L/*,@-*,*#>**,'8,-*k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phj &*#/'*%8-0*,PLU,%*2'*,0#5,(*0P60*,25,@ MG@50-*#/'*%8-0*,,*0522**,**,)#8P2**G,V*@*#25,@/8#G*,W-,@08,@*#N8*%88%**,/*#>*2L%,> >*G55%0G*0(*0P60*,25,@H=*#/88#-@*;\Q&Q8@*83&*#/'*Q(5#>*-*,@*\Q&Q"6#8)*5,&*#/'* Q(5#>*?6@*>*5,527-**#@H1*\Q&Q(**30@*-*#/'*%8-0*,8,@*#/*#@**2@,**,55,052-05,@55#@07)* %8-0*,U*2%*W53(5,%*2L%/5,@*-0650*,*2%25,@WP*)52*,U*2%*-88#0*,%8-0*,NL,,P*>#*)*,, -*#/'*%8-0*,P6@>*00*,H1*N*)8-0*,NL,G*0*2%55#/*#>*2*%*,,Bi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b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

phj &*#/'*%8-0*,,@*)#5%0L% F%#;40.,".0,/&",#/"'1,"+.? 1*,0*#/*U- P*/*-0>*, @* )#8P2**G-0*22,> @* #**@- **#@*# - >*-'(*0-0, (*0 8,@*#N8*%H =*0 -*#/'*%8-0*,)#8P2**G - **, >#8**,@ )#8P2**G *, 0#*%0-0**@- G**# 55,@5'(0 /5, @* P*0#*33*,@* 5'08#*,, @* G5#%0H =66#@*#-W G55# 88% /*#(66#@*#-W >*/*, 55, @50 -*#/'*%8-0*, *, (66#25-0*, >*N5G*,2L%U8#@*,>*N*,52-(6-/*-0,>-25-0*,*,(*PP*,@55#G**@6-*33*'08)(*0#*,@*G*,0/5, )5#0L*,H10P#*,>088%(*03,5,'v2*P*25,>G*0N'(G***,G*,U2@6@*2L%(*@(*PP*,8/*#(*03*083 P*)552@*%8-0*,,@*-*#/'*%8-0*,N00*,83,*0*,(8*(88>@*N*%8-0*,60/522*,H=66#@*#->*/*,@* /88#%*6#55,#**2*d>*3b**#@*f)#LN*,U55#,@*-*#/'*%8-0*,NL,8)>*,8G*,WN8@50NL,*0G**#5'(0*#53 U8#@*,>*'8,3#8,0**#@G*0**,-*#/'*%8-0*,53#*%*,,>W*'(0*#NL,/*#(66#@*#-,8>,*0N8/*#@50NL(6, P*2*>>,>-O *,,/*-0*#,>-G8@*22*, @55#8), %6,,*, #'(0*,H 155#,55-0 - G*, -'*)0-'( 8/*# @* P*28,,>--0#6'066#/5,@*/5-0>8*@G5,5>*#H1*/5-0>8*@G5,5>*#%#L>0Ec5@G,-0#50*/*#>8*@,>8/*# @* (88>0* /5, @* -*#/'*%8-0*,53#*%*,,>H h5,,**# -*#/'*%8-0*, 25>*# 60/522*,W 8,0/5,>0 @* /5-0>8*@G5,5>*#@6-88%**,25>*#*/*#>8*@,>H10-**,)*#/*#-*)#%%*2@*(*0U5,0#86U*,,@* G5#%0522**,G55#/*#>#880H =*0)5%%*0/5,2*/*#,>*,*,@*,-0*,-/88#N8U*2@*(66#@*#52-/88#@*/*#(66#@*#-8G-**,>#L- >*P*@H_8G8*0**,(66#@*#/55%P*052*,/88#(*08,@*#(86@/5,**,P*)552@*,-052250*WG55#-**, /*#(66#@*#/*#5,0U88#@*2L%/88#@*/*#/5,>,>*#/5,H1*/*#/5,>,>-0*#GL,-,*0520L@/5-0>*2*>@*, 88%/,@0**,/*#(66#@*#8)NL,P*6#0@50(L(*#/88#(8>*%8-0*,,55#N'(08*0#*%0*,@*(66#@*#@5, @6- **, /88#@**2 >**30H M8% P2L%0, @* )#5%0L% @50 (*0,*0 520L@ @6@*2L% - 83 -*#/'*%8-0*, 88% @55@U*#%*2L%8)-*#/'*%8-0*,U8#@*,>*P8*%0*,%8G0(*0/88#@50**,/*#@*2,>,*0520L@L6-0-H=*0- @55#8G/5,P*25,>@50(*#-'(*#)*#*,%#0-'(*#,55#U8#@0>*%*%*,H=*0-@55#,55-0/5,P*25,>8GG**# 0*38'6--*,8)(*0P*(52*,/5,**,>8*@#*-6205500*>*,-'(5))*2L%*%8-0*,H=*#/88#-@*]CXBC#*>*2/5, T5#*08dm8'(WBCDDf**,>8*@*G550-053WU55#PL(*0G55#BCc%8-0*,8G/5,**,%U520*0-,/*56B,55# %U520*0-,/*56]0*>55,WG55#5,@*#-8G(*0]Cc%8-0*,8G/5,**,],55#**,DC0*>55,H:*,G8*0 N'(@6-53/#5>*,U50#***2*,U*,-*2L%-/88#(*0U,%*2'*,0#6GH MG0#*,0@*-*#/'*%8-0*,NL,)5#0L*,(*0*#8/*#**,-@50(*0L6#@-'(%5@*#/88#52-,8>0*G5>*#-*,*#- d0*fu*,>u*0o*,#*>*2>*/,>-u55#@88#)5#0l*,/55%(6,*>*,'8,'26-*-0#*%%*,g*0p*0#*%%,>080@* -*#/'*%8-0*,H102*@0*#08*@50*#>**,08*N'(0-*,)5#0L*,*2%55#G8*2L%8)P*)552@*P*-2--,>*,83 >*@#5>-#*>*2-%6,,*,55,-)#*%*,Hh5,,**#*#>**,U*0O*,#*>*2>*/,>%8G08G0#*,0@*-*#/'*%8-0*,W N852- (*0 (66##*'(0 PL (66#8/*#**,%8G-0*,W N52 @*N* @-'6--* P2L/*, P*-055,H S82>*,- **, /5, @* #*-)8,@*,0*,-(*0,88@N5%*2L%-@50*#**,*b)*#00*5G%8G0/88#@*-*#/'*%8-0*,H10%5,**,53@*2,> NL,/5,60@*/5-0>8*@G5,5>*#@*N'(P*N>(86@0G*0-*#/'*%8-0*,*,5'0*3-066#08)'8,0#5'0*,W @6@*2L%*53-)#5%*,G55%0*,N8#>@#55>0/88#**,,N'(0*2L%W*33'v,0*,*33*'0*3-*#/'*%8-0*,)#8'*-H 155#,55-0>**30**,#*-)8,@*,055,@5088%@*)8-0*/*5-)*'0*,/5,@*-*#/'*%8-0*,P*,8*G@G8*0*, U8#@*,N852-@*'822*'0*/*/88#@*2*,@***,U,%*2'*,0#6GU*2(**30WG55#**,0#5@08,*2*U,%*2-0#550,*0H\,**,,8#G52*U,%*2-0#550G8*0G*,**,55,052@*,-0*,N*23#*>*2*,W0*#UL2PL**,U,%*2'*,0#6G @*N* N5%*, 522*G552 55,>*P8@*, U8#@*,H.0 @*,0*#/*U- %8G0 88%,55# /8#*, @50 (*0 (6@>* -*#/'*%8-0*,)#8'*-08*-55,/*#,*6U,>Hh*2(*PP*,@*5'08#*,(6,P*@*,%,>*,PL(*03*083**, 3b*@3**-7-0**G83#-'8)5#0')*#*,@-7-0**GU*#%*2L%>*G)2*G*,0**#@N52U8#@*,H10%8G0G*@* /5,U*>*@*>#80*/*#5,@*#,>*,@*(*0G*0N'(G**P#*,>0*,U*2%*,/28*@@0(**308)@*(6@>* G*0(8@*,*,)#8'*--*,H Q8,'26@*#*,@%8G0*#60@*,0*#/*U-,55#/8#*,@50@*/5-0>8*@G5,5>*#@*-2*60*2,(5,@*,(**308G 0*250*,N*,@50(L,'8,0#82-8/*#@*-*#/'*%8-0*,H=L(**30(*#PL**,>#80*055%8G@*)#8P2*G*,*, -'*)0-'(*(86@,>PLN8U*2@*(66#@*#52-@*/*#(66#@*#U*>0*,*G*,@88#F O 0*N8#>*,/88#**,-05,@55#@W0#5,-)5#5,0*,6,38#G-*#/'*%8-0*,)#8'*-n O (*0>*P#6%*,/5,-05,@55#@@*3,0*-n O (*0-'(*))*,/5,@6@*2L%*%5@*#-@88#G@@*2/5,@6@*2L%*U*0O#*>*2>*/,>n O (*0,%55#0P#*,>*,/5,3,5,'v2**,3-'52*'8,-*k6*,0*-n O )5#0L*,(55#/*#5,0U88#@*2L%(*@*,250*,,*G*,n "#0,/""#("//,#2%5/")%5"#/%/""#+,#-+,#-+,#.,/0*/,"5"/>"/'")),#2/%/."'1,;")%./"#1%%'G\"&"'4*#&."H+,#)"4;"#/'*A "& &

O (*0'#*v#*,/5,**,/*#P*0*#@**,/*#)2'(0>*-0*2@*2*@#55@83'8@*U55#55,)5#0L*,N'( %6,,*,'8,3#G*#*,*,@*PL@#55>055,G**#0#5,-)5#5,0**,-05,@55#@-50*n O @*-*#/'*%8-0*,G**#**,'8GG*#'**2)#8@6'0250*,NL,WN8@50*#**,G**#'8G)*00*/* -0#L@8,0-0550*,)5#0L*,N'(*#88%G**#08*,N622*,-)5,,*,n O %#0-'(*(86@,>,0*,*G*,0*,8)N'(0*/5,@*@#*)5#0L*,*,@55#PL55,>*/*,U55# G*,,0*%8#0-'(*083U55#*#%5,-*,2>>*,,@*G5#%0@*0*/*,-(*2)*,080(*0'#*v#*, /5,**,@6@*2L%W0#5,-)5#5,0*,6,38#G-*#/'*%8-0*,)#8'*-H F%#;40.,".0,/&""D="'/5""/,#2. 155#,55-0NL,@***#-0*60%8G-0*,/5,(*08,@*#N8*%,8>G552-/88#>*2*>@55,**,55,052#*-)8,@*,0*,H =*#/88#-**,-*2*'0*>*G55%0/5,#*-)8,@*,0*,N8@5,>@50522*5'08#*,(*#,/*#0*>*,U88#@>@NL,H 1*60%8G-0*,/5,@*N*3**@P5'%#8,@*55,*b)*#0--)5#5>#553]HB8)>*,8G*,HM/*#(*052>*G**,%5, U8#@*,>*'8,'26@**#@@50@*#*-)8,@*,0*,(*0**,-NL,G*0@*60%8G-0*,*,55,P*/*2,>*,/5,(*0 8,@*#N8*%H 155#,55-0 >*/*, NL 55, @50 8/*# **, 55,052 )6,0*,W N852- )#*-050*/*#>8*@,>*, /88# @* /5-0>8*@G5,5>*#*,(*0G)2*G*,0*#*,/5,**,3b*@3**G*0(8@*W,8>U*2,5>*@5'(0G8*0U8#@*,8/*# (8***,@*#>*2L%)#8'*-/8#GG8*0%#L>*,H=*#PL(88#0@5,88%@*-05,@55#@-*#/'*%8-0*,53#*%*,,> N852-@*N*-8)>*,8G*,,PL25>*EH M8%%8G0/5,60@*3**@P5'%#8,@*/5,@**b)*#0-,55#/8#*,@50(*0(6@>*-*#/'*%8-0*,)#8'*-08*-55, /*#,*6U,>*,*#P*0*#*53-0*GG,>G8*0%8G*,8G0#*,0(*0/*#%#L>*,/5,0#5,-)5#5,0**,,N'(0,@* %8-0*,W@88#P*25-0,>W53#*%*,,>W*,@*#>*2L%*H155#,55-0G8*0*#G**#6,38#G0*0U8#@*,/*#%#*>*, @88#(*08)N*00*,/5,**,-05,@55#@55,052-*#/'*%8-0*,)8-0*,H188#@*#*-)8,@*,0*,U8#@*,88%@* /88#@*2*,/5,**,8)0G52-50*/5,@*(6@>*G*0(8@*83**,G**#3b*@3**G*0(8@*>*N*,Hh*2(*PP*, @*5'08#*,(6,P*@*,%,>*,PL(*03*083**,3b*@3**G*0(8@*83#-'8)5#0')*#*,@*G*0(8@*U*#%*2L% >*G)2*G*,0**#@N52U8#@*,H10%8G0G*@*/5,U*>*@*>#80*/*#5,@*#,>*,@*(*0G*0N'(G**P#*,>0 *,@*/5,>#80*,/28*@NL,8)@*(6@>*G*0(8@*,H:8>*2L%@50**,@*#>*2L%G*0(8@*52-**,)280%5, U8#@*,>*G)2*G*,0**#@*,8)@*G5,*#/*#@*#%5,U8#@*,@88#8,0U%%*2@H=*0-7-0**G,**,%**#W, 522*U,%*2'*,0#5W@88#/8*#*,-,*0G8>*2L%,/*#P5,@G*0-7-0*G*,W)#8'*@6#*-WL6#@-'(*'(*'%-*, 3,5,'*2*-0#8G*,d(66#e-*#/'*%8-0*,fH155#,55-0G8*0*,*#6,38#G*#'(02L,*,U8#@*,8)>*-0*2@ N8@50@50PL@#55>055,G**#0#5,-)5#5,0**,,N'(0,@*-*#/'*%8-0*,)#8'*--*,H F%#;40.,".0,/&";*."-./0&9%#&"'(%")"# R,,*,@*)8#03*622*/5,QR;"NL,*#j]U,%*2'*,0#5>*5,527-**#@8)*,%*2@*-*#/'*%8-0*,,#*250*080 @*(66#)#LN*,W>#8800*W/*#@**2-2*60*2-WH\,@*5,527-*@*->*G55%08/*#@*)8#0*3622*/5,QR;"-, **#-0*,-05,0*>*%*%*,,55#@*(88>0*/5,@*-*#/'*%8-0*,H=*#60-**,>*G@@*2@*P5,@P#**@0* 8,0-055,8/*#**,U22*%*6#>*-*2*'0*/5,pEK(66#@*#-,j]/*#-'(22*,@*U,%*2'*,0#5d8/*#@*%0W,*0 8/*#@*%0W/**2*,U*,>8)*,P5#*#6G0*W*0'HfH=*#60%8G0,55#/8#*,@50@*>*G@@*2@*-*#/'*%8-0*, 8)DCWiBcN00*,0*,8)N'(0*/5,@*>*G@@*2@*(66#)#L-H1*>*G@@*2@*-*#/'*%8-0*,)*#GB8/*#@* (*#P8/*, >*,8*G@* -0**%)#8*3NL,rDpWK]U55#PL@*>*G@@*2@* (66#)#L- 8) r D]iW]J )*# GB -H 1* P5,@P#**@0* P,,*, @*N* U,%*2'*,0#5/5#**#0/5,'5Hr]W]D)*#GBd(66#)#L-rDjiWJJf/88#**, 8)*,U,%*2'*,0#6G*,'5HripWDj)*#GBd(66#)#L-rpiiWpKf/88#**, >*-280*,U,%*2'*,0#6GH1*(6-/*-0,>-25-0*,d(66#)#L-e-*#/'*%8-0*, e)#8g80*%8-0*,f/5,**,#*052*#p*0#*33*,@55#,55-0'#'5dcc/5, P#6088GN*0/5,**,#*052*#H155#,55-0-,@*P*,'(G5#%/5,hT: dbcdjf*,@*)8#0*3*622*/5,qr;">*%*%*,,55#**,6,38#g-*#,>/5, @*%8-0*,)8-0*,*,-@*/82>*,@*/*#@*2,>080-05,@>*%8G*,F Figuur 45 Bandbreedte servicekosten "#0,/""#("//,#2%5/")%5"#/%/""#+,#-+,#-+,#.,/0*/,"5"/>"/'")),#2/%/."'1,;")%./"#1%%'G\"&"'4*#&."H+,#)"4;"#/'*A "& &

c-*#/'*%8-0*,)8-0*,08/080552 DH 9@G,-0#50* jc BH "2*%0#5 D] jh?5- DJ c JH =6-G**-0*# c Jc EH d#*>62*#f&'(88,g55% BD KH S62/*#U*#%,> c Ec ih M,>*@*#0*P*-0#L@,> Dc ]H R*/*2>,>*,-6#/*225,'* Dj ph R#5,@P*/*2>,> c Ec DCH &)#,%2*#,-052250* Jc DDH g30*, Bc DBH ;820#5))*, Bc Dj d5608g50-'(*f+8*>5,>-@*6#*, jc DJH M/*#>*0*'(,-'(*,-052250*-d-)*'3'50*,88@N5%*2L%f Bc DEH M/*#>*)8-0*,d-)*'3'50*,88@N5%*2L%f jc DC Cc \, @0 8,@*#N8*% - 88% **, '5-* -06@7 8,@*#N8*% >*@55,,55# **, @#*052 U,%*2'*,0#560@*)8#0*3*622*/5,QR;"H =*#60 %8G0,55# /8#*, @50 *# /*#-'(22*,@*35'08#*,/5,,/28*@NL,8) @*-*#/'*%8-0*,H1*N*35'08#*,NL,8,@*# 5,@*#*DH28'50**,>*8>#53-'(*2>>,>W BH 8)*,O 83 >*-280*, U,%*2'*,0#6GW jh >*U*,-0 %U520*0-,/*56W JH 8))*#/25%0* *,#6G0*2L%*8)N*0WEH8)*,P55#>*P*@ 83,*0W KH 55,U*N>(*@ /5, >#80* #*052*#-WiH1*38803522*,]H53UL%*,@* 53-)#5%*,8G0#*,0@*-*#/'*%8-0*,%*,0H 1*#*-62050*,(*#/5,NL,8)>*,8G*,, (883@-06%iH Tabel 23 Overzicht standaardisatie servicekostenposten =*0,60 *,,88@N55% /5, P*,'(G5#%*, *, @*,88@N55% 8G0#*,0 /*#%#L>*, /5, 0#5,-)5#5,0*, @* -*#/'*%8-0*,PLU,%*2'*,0#5-*/@*,0H155#,55-0-(*0,0*#*--5,08G0*%L%*,U50@*/*#-'(22*,NL,, @*(88>0*/5,@*-*#/'*%8-0*,06--*,/*#-'(22*,@*U,%*2'*,0#5*,U55#@88#@*N*/*#-'(22*,U8#@*, /*#88#N55%0H+*/*,--(*0>8*@8G%*,>*0522*,/5,@*-*#/'*%8-0*,0*(*PP*,N8@508)P5--@55#/5, -*#/'*%8-0*, P*0*# G*0 *2%55# /*#>*2*%*, %6,,*, U8#@*,H =*0 25-0>* PL U,%*2'*,0#5 - @50 Z*2% U,%*2'*,0#6G6,*%-*,(*0/55%U8#@0>*N*,52-**,)#8@6'0838,@*#,*G,>@*NL,>*2L%*,*0%*,0H =*0U,%*2'*,0#6G-/5,/**235'08#*,53(5,%*2L%*,(*0-P*25,>#L%8G0*U*0*,@50@*N*/*#-'(22*, 250*, N*, PL @* %8-0*,[ daggw BCDjfH 1*N* 35'08#*, %8G*, G*@* @88# (*0 3*0 @50 *#, V*@*#25,@ 8,@*#-'(*@U8#@0>*G55%0,N*/*,/*#-'(22*,@*07)*,U,%*2'*,0#5HR8/*,@*,(**30*2%U,%*2'*,0#6G 5,@*#*35'08#*,*,,/28*@*,@*/5,08*)5--,>NL,F O 5,@*#*55,0522*,*,07)*,P*N8*%*#-55,0#*%0*,@55#G**@*38803522@6-/*#-'(22*,@-n O /*#-'(22*,@*-5G*,-0*22,>*,/5,U,%*2-(**30d5--8#0G*,0*,@/*#-0*0fn O /5,5,@*#*8#@*/5,>#8800*-dGB[-fn O -8G-U*2*,-8G-,*0/88#N*0,@*d'822*'0*/*f2*/*#,>/5,*2*%0#5*,*,*#>*n O 8)**,5,@*#*28'50*d>*8>#53-'(*2>>,>f-0550n O **,5,@*#*%U520*0U2,5-0#*/*,n O **,5,@*#*P*2*/,>*,P*2*/,>-U55#@*%*,0n O 8)*,83>*-280*,%5,NL,n O >#880>*G**,-'(5))*2L%8)*,P55#>*P*@(**3083L6-0/**2%2*,*#n O *,U55#,2**30L@W#6G0*2L%*8)N*0WG*'(5,-'(**,*2*%0#-'(*5))5#5066#*,,-052250*-H h*2%5,*#u8#@*,/*#>*2*%*,8)5p-0#5'0*,/*56[-wn852-66#28,*,/5,p*/*2>,>*,-'(88,g55%*, @*#>*2L%**,%5,*#@88#G@@*2/5,mT\[-**,P*0*#/*#>*2L%/5,@*-*#/'*%8-0*,U8#@*,>*>*/*,H:*0 **,>8*@*P*,'(G5#%%6,,*,@*-*#/'*%8-0*,G*0*2%55#U8#@*,/*#>*2*%*,*,%5,8)@*G5,*#8) 0*#GL,(*0/88#-'(80*,53#*%*,,>P*0*#,2L,U8#@*,>*P#5'(0HMG**,>8*@*P*,'(G5#%0*8,0U%%*2*, NL,**,55,052#5,@/88#U55#@*,/5,08*)5--,>F O 55,2*/*#*,/5,/52@*>*>*/*,-n O 5'06*2*>*>*/*,-*,5'06*2*8,@*#(86@-'8,0#5'0*,n O 0L@>*53#*%*,,>N8@50*#>**,8/*#25)-n O **,/5-055,052dDEOBCf%8-0*,)8-0*,U55#8)>*P*,'(G5#%0U8#@08G(*08/*#N'(0*2L%0*(86@*,n O O 'L3*#-G8*0*,U8#@*,55,>*2*/*#@/82>*,-**,/5-0*,>*-05,@55#@-**#@38#G50n @6@*2L%*8G-'(#L/,>/5,(*0U,%*2'*,0#6GW(*007)*U,%*2'*,0#6GW@*@/*#-0*0/5,U,%*2-W @*)5--5,0*,-0#88GW@*>*P86U%*,G*#%*,*,@*28'50*@*'L3*#-/5,08*)5--,>NL,H =8*G**#G*,,-0550-(*0)#8'*-0*/*#**,/86@>*,*,@6@*2L%*#*W0#5,-)5#5,0*53-)#5%*,%5,G5%*,W (8***#@*#G*,,55#**,'8##*'0**,>*5''*)0**#@*P*,'(G5#%%5,>55,H155#,55-0-,PL25>*K**,)25, /5,55,)5%,@*/8#G/5,**,-05))*,)25,>*-'(#*/*,H "#0,/""#("//,#2%5/")%5"#/%/""#+,#-+,#-+,#.,/0*/,"5"/>"/'")),#2/%/."'1,;")%./"#1%%'G\"&"'4*#&."H+,#)"4;"#/'*A "& &

10. DISCUSSIE \,@0DC * (883@-06%NL,@*0#*,@-,@*#*052/5-0>8*@G5#%0%8#0P*@-'6--**#@WU8#@*,@*P*>#))*, P*,'(G5#%,>*,(6-/*-0,>-25-0*,%#0-'(P*%*%*,*,U8#@*,G8>*2L%*/*#P*0*#)6,0*,*,G*0(8@*, /88# **, *33*'0*/*# *, *33'v,0*# -*#/'*%8-0*,)#8'*-W >*#'(0 8) G**# 0#5,-)5#5,0* *, **, P#*@*# @#55>/25%PL@*-05%*(82@*#-P*@-'6--**#@H "#0,/""#("//,#2%5/")%5"#/%/""#+,#-+,#-+,#.,/0*/,"5"/>"/'")),#2/%/."'1,;")%./"#1%%'G\"&"'4*#&."H+,#)"4;"#/'*A "& &

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b**#@ 83 >*G5bG52-**#@ G8*0*, U8#@*,HT5#0L,*,G8*0*,-,@-@**'8,8G-'(*'#--G*0G**#N*%*#(*@**,,/*-0*#,>@8*,G55# @88#@50@*-*#/'*%8-0*,,8>0*/**2326'06*#*,U8#@0@50*'(0*#G8*2L%*#H188#@*-*#/'*%8-0*,*,@* )#8'*--*,@55#8G>8*@*,(*2@*#8)0*-'(#L/*,W)5#0L*,0*/*#)2'(0*,8GN'(0*'8,3#G*#*,55,**, 6,38#G*U*#%ULN**,@6@*2L%*53-)#5%*,WN52@02*@*,080G,@*#'8,3#8,050**,G,@*#@-'6--*8) (*0>*P*@/5,-*#/'*%8-0*,HM3(*0*'(0*#N8/*#>550%8G*,*,83)5#0L*,8)*,-055,/88#,*6U* G*0(8@*,*,P*#*@NL,8G(6,P*@#L3-/8*#,>8)*,*,P2880,**#0*2*>>*,-*'(0*#,8>G55#@*/#55>H 1*G5#%0(**30P*(8*30*55,**,@6@*2L%*60**,N*00,>/5,@*/*#-'(22*,@*-*#/'*%8-0*,G8@*22*,G*0 #5,@/88#U55#@*,W/88#@*2*,*,,5@*2*,H.0(*08,@*#N8*%P2L%0@50*#P*(8*30*-55,**,/5-0*-0#6'066# /88# @* -*#/'*%8-0*, G*0 @55#PL @6@*2L%* U*0O *, #*>*2>*/,> 8G0#*,0 @* -*#/'*%8-0*,H 188# (*0 G)2*G*,0*#*,/5,**,-05,@55#@-*#/'*%8-0*,53#*%*,,>G*0/5-0*)8-0*,G8*0@0(*0>*P#*%55, 0#5,-)5#5,0*/*#P*0*#*,H155#,55-0-(*03,5,'v2*%5@*#PL@*-*#/'*%8-0*,/5,>#880P*25,>H_852-(*0 U88#@(*052N*>0NL,-*#/'*%8-0*,%8-0*,H1*N*%8-0*,@#6%%*,8)(*0#*,@*G*,0/5,@*(66#@*#*,@* /*#(66#@*#H 10 P*0*%*,0 @50 **, /*#(66#@*# *, /5-0>8*@G5,5>*# N**# %#0-'( G8*0*, NL, 8) @* -*#/'*%8-0*,*,G*,%#0-'(G8*0%L%*,,55#@*%8-0*,*,%U520*0/*#(86@,>H\,V*@*#25,@%*,0G*, **,@#*052-*#/'*%8-0*,G*0(8@*,W*2%G*0**,5,@*#*8)N*0*,5,@*#*G5,*#/5,53#*%*,*,H=66#@*#- dg55# 88% /*#(66#@*#-f >*/*, /5%*# @* /88#%*6# 55, (*0 3b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dPL/88#P**2@rDCCWO(66#erBCWO -*#/'*%8-0*,f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bP20*0W G**# %U520*0 *, G**# 8,@*#-'(*@*,@ /*#G8>*,H 10 #55%0 88% @* -*#/'*%8-0*,H h5,,**# *# G**# 32*b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h455,P*@*,W(*035'20*#*,*, '8GP,*#*, /5, @* G8>*2L%(*@*, 06--*, 8332,* *, 8,2,* U,%*2*,W (*0 '#***#*, /5, 53(552)6,0*,W -*#/'*U,%*2-*,(*08,@*#-'(*@*,0*,8)N'(0*/5,8,2,*U,%*2*,@88#0*-06#*,8)@*P*2*/,>/5,(*0 '*,0#6GH M8% NL, 082*00*,W N0>*2*>*,(*@*,W %,@*#-)**2>*2*>*,(*@*,W 8)255@)6,0*, /88# *2*%0#-'(* 5608[-WG8P*2*0*2*388,-05P2*0-*,25)08)-W(*055,P*@*,/5,U3W%26-L*-W-020*#6G0*-W#82-08*2O*, "#0,/""#("//,#2%5/")%5"#/%/""#+,#-+,#-+,#.,/0*/,"5"/>"/'")),#2/%/."'1,;")%./"#1%%'G\"&"'4*#&."H+,#)"4;"#/'*A "& &

P6>>7O602**,-*#/'**,**,P5P7/*#-'(88,#6G0*G8>*2L%(*@*,U55#55,>*@5'(0%5,U8#@*,H188#(*0 P*@*,/5,55,/622*,@*/88#N*,,>*,*,-*#/'*-%5,*#08*>*/8*>@*U55#@*/5,@*-*#/'*%8-0*,U8#@*, P*(552@H1*N*,*>50*/*>*@5'(0*G8*0@55#8GU8#@*,8G>*P8>*,,55#**,)8-0*/*>*@5'(0**,U55#, G*,@*,%0,08*>*/8*>@*-*#/'*-*,@*,-0*,@*0*,>8*@*%8G*,/5,522*5'08#*,,(*0U,%*2'*,0#6GH "*,%#0-'(*%5,00*%*,,>(*#PL-U*2@50G8>*2L%,*0522*(66#@*#-(*#,U*,-*,G**0*>55,*,@50 (*0P8/*,@*,,*08)*2%U,%*2'*,0#6G/5,08*)5--,>-H"#G8*0@55#8G)*#U,%*2'*,0#6GU8#@*, P*%*%*,U50@*P*(8*30*-*,(8*@55#55,0*>*G8*0>*%8G*,%5,U8#@*,H DCHB+#*,@- 1*(6@>*G5#%0-55,/*#5,@*#,>8,@*#(*/>*,@*0#*,@-,@*G5#%0/82>*,*2%55#,(88>0*G)88)H 1*G8>*2L%(*@*,/5,@*N*8,0U%%*2,>*,@#,>*,-0**@-/*#@*#@88#,@*d-8'52*f-5G*,2*/,>*,(*0 P*@#L3-2*/*,*,@55#,55-0-@88#@*-0**@-/*#@*#>55,@*8,0U%%*2,>*,0*'(,828>*88%@*37-*%* U*#*2@**,BJO66#-*'8,8G*>*U8#@*,*,-0550,0*#,*0@55#,'*,0#552U55#@88#0L@W53-05,@*,28'50* @55#,>**,#82G**#-)*2*,dS5,&8*-0WBCDJf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mT\[--@5,88%,88@N5%*2L%H"#U8#@0*'(0*#,8>0*/55%>*@5'(0 /5,60@*)#8P2*G*,W(*0>**,88%(*060>5,>-)6,0U5-,@08,@*#N8*%WG55#,**,/*#/82>8,@*#N8*% N86(*#/*#@*#8),>*N88G@G8*0*,U8#@*,H4*0*2L%G8*0*,U,%*2'*,0#5,@508)N'(0G**#@*-0#L@ G*0*2%55#8)N8*%*,*,/88#N*,,**,-06%L*8,@*#-'(*@*,@/*#G8>*,8G@*'8,-6G*,00*P,@*,55, (*0'*,0#6GH"#G8*0)*#U,%*2'*,0#6GU8#@*,P*%*%*,U50@*P*(8*30*-*,(8*@55#55,0*>*G8*0 >*%8G*, %5, U8#@*,H =*# 2>>*, %5,-*,W G55# @0 U8#@0 /88#52-,8> 0* U*,> >*@55,F -*#/'*- *, 2*/*#,>*,BHC` DCHjT#8G80*%8-0*,*,-*#/'*%8-0*, M,@*#@*(6-/*-0,>-25-0*,U8#@*,/*#-055,@*-8G/5,@*(66#)#L-W-*#/'*%8-0*,*,)#8G80*%8-0*,H\, -8GG>*>*/522*,%8G0@55#88%,8>**,)5#%**#PL@#5>*PLU5,,**#*#**,)5#%**#>5#5>*0*,@*,-0*/5, (*0U,%*2'*,0#6G55,U*N>-H1*/#55>#L-0*'(0*#83@*N*%8-0*,,*052-**,/5-0*)8-0G8*0*,U8#@*, 8)>*,8G*,W @* N8>*(*0*, Z3b*@ )#'*- 83 Z522O, (6#*,[H \, @* G5#%0 NL, @55#, @* G*,,>*,,8> /*#-'(22*,@WG55#G*,/*#U5'(0U*2@50(*0@*N*%5,08)>550H=*0N*23@*>*2@0/88#@*)#8G80*%8-0*,H1* )#8G80*%8-0*,NL,,@08,@*#N8*%,*060/8*#>P*(5,@*2@WG55#)#8G80*%8-0*,U8#@*,@88#**, (66#@*# P*0552@ *, /5, @*N* >*2@*, U8#@*,, (*0 '822*'0*3 P*25,> )#8G808,*2* 5'0*- *, d>*p*@-f*/*,*g*,0*,p*%8-0>@h155#,55-0@8*0/55%**,/*#(66#@*#88%**,p*)552@*pl@#5>*,@* )#8G80*%8-0*,H=*0-/**252**,/5-0*PL@#5>*@*@*(66#@*#,55-0NL,(66#)#L-*,-*#/'*%8-0*,P*0552@ 55, @* /*#(66#@*#H 1* /*#(66#@*# -08#0 @*N* >*2@*, /*#/82>*,- @88#,55# **, U,%*2*#-O 83 8,@*#,*G*#-/*#*,>,>WU55#@*(66#@*#d/*#)2'(0f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h*2 N86@*, *# %*,>*0522*, /5, @* -*#/'*%8-0*,G8*0*,%8G*,8G@*-*#/*'*%8-0*,G**#G*0*2%55#0*%6,,*,/*#>*2L%*,H=*08,0P#*%*, /5, @*N* P*,'(G5#% *, %*,>*0522*, %8G0 /88#,5G*2L% @88# (*0 3*0 @50 U,%*2/5-0>8*@ /55% 6,*% /5-0>8*@-*,@*N*,*0**,8)**,G*0*2%55#0*/*#>*2L%*,NL,Hh,%*2/5-0>8*@*,U,%*2'*,0#5NL, @55#,55-0 88% /**2 @7,5G-'(*# @5, PL/88#P**2@ %5,08#*,H 188# @* /*#-'(22*, 06--*, U,%*2'*,0#5 8,@*#2,> - (*0,*0 G8>*2L% 8G **, 2L, 0* 0#*%%*, *, @* -*#/'*%8-0*, 0* %6,,*, /*#>*2L%*,H &*#/'*%8-0*, PL U,%*2'*,0#5 U8#@*, @55#,55-0 522*G552 8) 5,@*#* ULN*, 8)>*-0*2@ *, 53>*#*%*,@W (*0>**,/*#>*2L%*,/5,@*%8-0*,G8*2L%G55%08G@50*#>**,6,38#G*%8-0*,'8@*#,>P*-0550H1* -*#/'*%8-0*,,@08,@*#N8*%NL,@55#8G*,%*28)(883@2L,*,G*0*2%55#/*#>*2*%*,Hh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m*6N*/#L(*@,-*#/'*%8-0*, "#8,0-0550/5%*#@*/#55>,@*G5#%083*#G**#%*6N*/#L(*@,(*0-*#/'*%8-0*,)5%%*0%5,%8G*,W 55,>*N*, (66#@*#- (*0 /88#52 /5,60 (*, N*23 52- **,,@/@6**2 P*25,> P*-0*G)*2*,H &*#/'*%8-0*, U8#@*,*'(0*#'822*'0*355,(66#@*#-55,>*P8@*,H=*0-@55#8G/88#52-,8>,@*G5#%0/#LU*28,G8>*2L% 8G @0,@/@6**2 55, 0* P*@*,H h*2 N86 **, G8>*2L%* -05,@55#@ P5-- 55, 2*/*#,>*, *, @*,-0*, 55,>*P8@*,%6,,*,U8#@*,W*,@50(66#@*#-N*23-)*'3*%%*N*,/88#*b0#5@*,-0*,52-)*#-88,2L%* P*/*2>,>Wh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` "#0,/""#("//,#2%5/")%5"#/%/""#+,#-+,#-+,#.,/0*/,"5"/>"/'")),#2/%/."'1,;")%./"#1%%'G\"&"'4*#&."H+,#)"4;"#/'*A "#& &

11. AANBEVELINGEN \,@0(883@-06%U8#@*,@*55,P*/*2,>*,/88#@*G5#%0*,/*#/82>8,@*#N8*%P*-'(#*/*,H "#0,/""#("//,#2%5/")%5"#/%/""#+,#-+,#-+,#.,/0*/,"5"/>"/'")),#2/%/."'1,;")%./"#1%%'G\"&"'4*#&."H+,#)"4;"#/'*A "& &

11.1 Aanbevelingen voor de markt =*0 -*#/'*%8-0*,)#8'*- P*/50 (*0 /*#288) /5, (*0 @88#P*25-0*, /5, %8-0*, /88# (*0 60/8*#*, /5, U*#%N55G(*@*,W2*/*#,>*,*,@*,-0*,@*@88#@*/*#(66#@*#U8#@*,P*0552@*,@*/*#/82>*,-G*0@* (66#@*#53>*#*%*,@G8*0*,U8#@*,H1*N*(6-/*-0,>O*,*b)28050*%8-0*,%6,,*,P*(88#2L%/*#-'(22*, )*##*052*#*,)*#U,%*2'*,0#6GHM8%NL,*#,@*G5#%0@/*#-*@*3,0*-/5,-*#/'*%8-0*,P*%*,@H"'(0*# 2>0,*2%*@*3,0*@**--*,0**,P*0*%*,-5,@*#-U55#@88#-*#/'*%8-0*,8)/*#-'(22*,@*G5,*#*, U8#@*,>*Y,0*#)#*0**#@@88#@*G5#%0H+#5,-)5#5,0**,6,38#G0*0-(*#PL(*0-2*60*2U88#@080-6''*- /88#**,>*8)0G52-**#@*#-*#/'*%8-0*,)#8'*-` S82>*,- @* Zm*,>*0522*, -088%O *, -*#/'*%8-0*,[ /5, ht: dht:?#8*)w BCDJf *, 8) P5-- /5, @0 8,@*#N8*%/88#-*#/'*%8-0*,PLU,%*2'*,0#5NL,@*/82>*,@*55,P*/*2,>*,/88#@*G5#%0>*@*3,**#@F C*.5(7(6#.(. B.-(&1(&< C+8#( DH.,38#G*'50*>8#-*#,>%8-0*,)8-0*,.0(*08,@*#N8*%P2L%0@50/88#@*-*#/'*%8-0*,/**2/*#-'(22*,@*,@*2,>*,*,'8@*#,>*,P*-055,H _8P*@*,@*G5,5>*G*,0O*,5@G,-0#50*-7-0*G*,/55%(8,@*#@*,-*#/'*%8-0*,)8-0*,H10N8#>0 /88#/*#U5##,>PL(*0,P8*%*,/5,35'06#*,H\,@*)#5%0L%P2L%0@50*#-2*'(0-**,55,052d'5HDEOBCf/5, @*N*)8-0*,88%@55@U*#%*2L%U8#@*,>*P#6%0N852-@*N*88%,@*P*,'(G5#%/88#%5,08#*,U8#@0 8G-'(#*/*,H=*0-@55#,55-0/5,P*25,>@50P*%*,@-U*2%*,-052250*-W/88#N*,,>*,*,@*#>*2L%* 55,U*N>NL,*,G*0U*2%*)5#0L*,G*,N5%*,@8*0*,U55#8Gd8)-0*22*,/5,**,@*G5#'50*2L-0fH_* 0*/*,-PL25>*B/5,@08,@*#N8*%H BH +L@>53#*%*,*,dP,,*,**,/5-0>*-0*2@*0*#GL,f "#P*-055,/88#52-,8>>**,(5#@*#*>*2-8/*#(*00L@>53#*%*,*,/5,@*-*#/'*%8-0*,H=*0NL,G**# #'(02L,*,U55#55,>**,'8,-*k6*,0*-NL,/*#P8,@*,H?8*@*53-)#5%*,8/*#U5,,**#@*@*3,0*/* 53#*%*,,>U8#@0/*#-0#*%0N8#>0*#/88#@50522*)5#0L*,G**#@6@*2L%(*@(*PP*,8/*#U55#NL55,08* NL,H1*U8,,>G5#%0-(*#,**,/88#P**2@n@55#-#**@-/5-0>*2*>@@50P,,*,KG55,@*,,553288) /5,(*0L55#G*0@*(66#@*#-53>*#*%*,@H:5#%0)5#0L*,*,#*-62050*,60@08,@*#N8*%250*,8/*#>*,- U*2N*,@50NL*#,55#-0#*/*,8G@*N*0*#GL,U*2/*#@*#0*/*#%8#0*,080PL/88#P**2@j080KG55,@*,,5*,@*/5,(*0L55#H jh &05,@55#@G8@*2/88#@*-*#/'*%8-0*,53#*%*,,> 1*>#80*/5#50*55,/8#G>*/,>*,8)P86U/5,-*#/'*%8-0*,53#*%*,,>*,G8*0P*)*#%0U8#@*,@88# G@@*2/5,(*0,/8*#*,/5,**,-05,@55#@G8@*2/88#@*-*#/'*%8-0*,H155#,55-0-(*0,88@N5%*2L% @50(*0@6@*2L%-U*2%*2*/*#,>*,*,@*,-0*,U8#@*,55,>*P8@*,55,@*(66#@*#dG*,6%55#0*, @*G5#'50*2L-0fHS*#/82>*,-%5,*@*#*P*(**#@*#NL,-7-0*G*,N8,#'(0*,@50@*53#*%*,,>*#/82>*,- **,-05,@55#@38#G5060%8G0H\,PL25>*E/5,@08,@*#N8*%-**,-05,@55#@53#*%*,,>8)>*,8G*,H JH :5#%0'8,38#G0*0 =*0-P*25,>#L%@50L55#2L%-G*0**,%#0-'(*P2%,55#@*-*#/'*%8-0*,U8#@0>*%*%*,H_L,PL/88#P**2@ @*%8-0*,,8>,2L,G*0@*%U520*0@*U8#@0>*2*/*#@s155#,55-0G8*0G*,#*>*2G50>d8G@*jL55#f 8),*6U55,P*-0*@*,83G8*0G*,**,ZG5#%008*0-[@8*,8G,50*>55,83@*)#LN*,/5,'8,0#5'0*,,8>G5#%0'8,38#GNL,H_8G8*0G*,*#/88#N8#>*,@50*#**,-'(*#)*#*WG5#%0'8,38#G*)#L-%8G0, )2550-/5,(*0L55#2L%-G**>#8**,G*0,@*b*#,>*,HR8/*,@*,-(*08)-0*22*,/5,mT\[-**,>8*@*,@'508# @* %5, (*2)*, @* -*#/'*%8-0*,,/*56-0* G*0*, *, G*0 *2%55# 0* /*#>*2L%*,H 1* U,%*2'*,0#6G %U520*0-G8,08# %5, (*#, **, P*25,>#L%* PL@#5>* 2*/*#*, G*0 P*0#*%%,> 080 @* 60-0#52,>/5,(*0U,%*2'*,0#6GW28'50*W*-*,/5,@*N*0L@W*0'*0*#5H155#,55-0-(*0/5,P*25,>@50 @*2*/*#,>*,*,@*,-0*,8)N'(N*2388%U8#@*,>*5,527-**#@*,G**0P55#U8#@*,>*G55%0H\, -5G*,U*#%,> G*0 QR;" - (*#/88# #*'*,0*2L% **, **#-0* 55,N*0 >*2*/*#@ @88# (*0 Zl65207 :*5-6#*G*,0[dQR;"WBCDJ5f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

/5-0>8*@G5,5>*#- G8*0*, (*#/88# @* **#-0* 55,N*0 2*/*#*, *, U5,,**# @*N* )5#0L*, (*#, 8/*#**,-0*GG,>P*#*%*,W-@*%5,-/5,-25>*,>#80*#@50*#**,8)28--,>U8#@0>*P8@*,H ih 16@*2L%**,-0#5%%*#*#*>62*#,>/5,@*-*#/'*%8-0*,)#8'*--*, \,",>*25,@%*,0G*,@*t&*#/'*Q(5#>*Q8@*u@*-8)>*-0*2@@88#;\Q&H1*N*'8@*>**30,N'(0,@* -*#/'*%8-0*, *, - 8)>*-0*2@ G*0 52- @8*2 @* -*#/'*%8-0*,)#8P2*G50*%, ",>*25,@ 0* P*)*#%*,H h*22'(0-**,-88#0>*2l%8,0u*#)/88#v*@*#25,@**,>8*@*8)28--,>*,%5,@*n*080**,2*@#55@bhc U8#@*,@88#8,0U%%*2@H=*0-/5,P*25,>@50)5#0L*,N8/**2G8>*2L%/*#)2'(0*,N'(55,0*-260*,PL **,6,38#G*U*#%ULN**,(*,@55#/88#88%0*P*28,*,@88#G@@*2/5,**,'*#3'550H:8>*2L%(*@*, (*#08*NL,8G@*N*53-)#5%*,55,>55,@*@*-*#/'*%8-0*,88%,@*52>*G*,*P*)52,>*,/5,@*;M_ 8)0*,*G*,H ]H m2*,@5>*2l%-*,)*#8@*%8,@*#(86@ MG@*@-'6--*8/*#@*/#55>83*0-U*283>**,%2*,8,@*#(86@-0*P*)*#%*,WG8*0*,P*0*#* 53-)#5%*, U8#@*, >*G55%0H =*#PL /520 0* @*,%*, 55, (*0 /5-0-0*22*, /5, **, )*#'*,05>* /5, @*,/*-0*#,>83**,P*@#5>@5052->#*,-U8#@0/5-0>*-0*2@H=*0N*23@*>*2@0/88#)*#8@*%8,@*#(86@55,,-052250*-*,@*#>*2L%*U*2%*,8#G520*#U*28,@*#@*-*#/'*%8-0*,U8#@*,>*#*%*,@H&)*'3'50**, /*#5,0U88#@,>/5,@*N*%8-0*,-@55#PL*--*,0**2H=*0%2*,@5>*2L%-*,)*#8@*%8,@*#(86@G8*0 @6@*2L%8G-'(#*/*,U8#@*,N8G,G8>*2L%@-'6--*0*%#L>*,H ph 16@*2L%*53-)#5%*,8G0#*,0-0533*2%8#0,>*, RL'8GG*#'v2*53-)#5%*,G*0N8>*(*0*,Z5,'(8#0*,5,0-[%8G0(*0-0**@-/5%*#/88#@50*#88% 53-)#5%*,U8#@*,>*G55%08/*#(*02G0*#*,*,G5b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kH@*(66#@*#-*,U50(*055,@**2-*#/'*%8-0*,-0*,8)N'(0* /5,@*(66#)#L-H DCH &*#/'*g*/*29>#**g*,0-g*0mt\[-53-260*, =*053-260*,/5,t&*#/'*g*/*29>#**G*,0-uG*0@*#@*,dN852-55,,*G*#-*,8,@*#(86@-)5#0L*,fN8#>0 /88#P*0*#*53-)#5%*,G*0)5#0L*,@**/*,06*2*#*)5#50*-G8*0*,/*##'(0*,83-08#,>*,G8*0*, U8#@*,/*#(82)*,H=*#PL%5,U8#@*,/5-0>*2*>@U*2%*)#L-G5>U8#@*,>*#*%*,@W(8*-,*2**,)5#0L 0*#)2550-*G8*0NL,*,U50(*0%U520*0-,/*56-H:55#@0-88%/5,P*25,>8G53-)#5%*,0*G5%*, G*0(66#@*#-H=*08)-0*22*,/5,>8*@*mT\[-N52PL@#5>*,8G@*-*#/'*%8-0*,P*0*#0*G5,5>*,*,8G 88%**,(8>*#*%U520*00*(52*,H DDH S*#P*0*#@*2*@#55@/88#-*#/'*%8-0*, 188#@*-)*'3*%*P*,5@*#,>,@*Q8@*83&*#/'*Q(5#>*-,",>*25,@*,@*60>*P#*@*8G-'(#L/,> @55#/5,>**30@*N*5,0U88#@8)/**2/#5>*,P,,*,@*-*#/'*%8-0*,)#8P2*G50*%*,2*@0@0080G**# 0#5,-)5#5,0**,6,38#G0*0H=*0N86@55#8G>8*@NL,52-88%,V*@*#25,@**,@*#>*2L%*'8@*X 2*@#55@ U8#@0 8)>*-0*2@ U55# )5#0L*, N'( 55, '8,3#G*#*, *, @* /*#)2'(0 U8#@0 >*-0*2@, @* (66#8/*#**,%8G-0'HkH52>*G*,*P*)52,>*,H\,PL25>*K-**,)25,/5,55,)5%,/8#G/5,**, -05))*,)25,8)>*,8G*,/88#@*g*@#55@&*/'*%8-0*,BHCH1*N*-8)>*-0*2@8)P5--/5,@*;\Q&Q8@* 83&*#/'*Q(5#>**,@*V"VDEBBD*,P*@0@*P5--8G@*2*@#55@BHC/*#@*#0*8,0U%%*2*,H DBH M)-0*22*,/5,)#*-050*>*#'(0*/*#>8*@,>*, MG @* -*#/'*%8-0*, G5#%0'8,38#G *,, @* (5,@ 0* (86@*,W N52 **, )#%%*2,8@> NL, /88# 522* P*0#8%%*, )5#0L*, *, @*,0 @* )*#/*#-* )#%%*2 /5, Ec 5@G,-0#50*/*#>8*@,> 8/*# @* (88>0* -*#/'*%8-0*,53#*%*,,>0*U8#@*,/*#/5,>*,@88#PL/88#P**2@**,)#*-050*>*#'(0*/*#>8*@,>H=*#, U8#@0**,/5-0>8*@G5,5>*#d*b0#5fP*288,@52-(LP*)552@*@8*2-0*22,>*,(5520N852-/*#25>,>/5,@* -*#/'*%8-0*,W/*#P*0*#*,/5,mT\[-*,(*#8,@*#(5,@*2,>*,8/*#@*-*#/'*'8,0#5'0*,H DjH M)-0*22*,/5,**,P*,'(G5#%d*,%*2,@*,*#**,>8*@**,(*2@*#*/*#>*2L%,>%5,U8#@*,>*G55%0f =*0 0#5,-)5#5,0*# G5%*,W '#*v#*, /5, G**# P*U6-0U8#@,>W @6@*2L%(*@ *,,N'(0*2L%(*@W NL, 55,P*/*2,>*,@*@*)#8P2*G50*%8G0#*,0@*-*#/'*%8-0*,-0*#%N622*,/*#G,@*#*,H"*,P*,'(G5#% >**30(*#/88#>8*@*,@'50*-W*'(0*#-(*0/88#52-,8>25-0>8G**,P*,'(G5#%/88#U,%*2'*,0#58) 0*-0*22*,,/*#P5,@G*0@*6,*%*-0506-/5,U,%*2'*,0#5*,(*08,0P#*%*,/5,6,38#G0*0,%8-0*,H DJH 922O,(66#)#LN*,d3b*@3**-*#/'*%8-0*,G*0(8@*f 922O,(66#)#LN*,NL,U*22'(0**,G5,*#8G@*-*#/'*%8-0*,)#8P2*G50*%U*>0*,*G*,*,@0U8#@0 R*25,>*,O /*#*,>,> S*#(66#@*# X P*25,>*,O /*#*,>,> S*#(66#@*# X/5-0>8*@O G5,5>*# S*#(66#@*# X/5-0>8*@O G5,5>*# R*25,>*,O /*#*,>,> S5-0>8*@O G5,5>*# X P*25,>*,O /*#*,>,> R*25,>*,O /*#*,>,> S*#(66#@*# "#0,/""#("//,#2%5/")%5"#/%/""#+,#-+,#-+,#.,/0*/,"5"/>"/'")),#2/%/."'1,;")%./"#1%%'G\"&"'4*#&."H+,#)"4;"#/'*A "#& &

52-0**@-G**#08*>*)5-0H"'(0*#N52(*#@88#G8>*2L%@*@-'6--*/5,-*#/'*%8-0*,,55#@*(88>0*/5, @*(66#)#LN*,/*#)2550-*,H10%5,*'(0*#/88#N8U*2(66#@*#52-/*#(66#@*#**,'8GG*#'**2/88#@**2 P*@*,H",*#NL@-/88#@*(66#@*#N8@50(LG55#(8*300*8,@*#(5,@*2*,8/*#D)8-0W,5G*2L%@* (6-/*-0,>-25-0*,W*,5,@*#NL@-@*/*#(66#@*#*,/5-0>8*@G5,5>*#8G@50*#,*025,>*#**,53#*%*,,> (8*300*U8#@*,8)>*-0*2@H=*#PLG8*0U*2**,@6@*2L%/*#-'(2U8#@*,>*G55%006--*,522O,(6#*, *,3b*@3**-H=*0-@55#,55-0/5,P*25,>8G55,0*>*/*,U50(*055,@**2-*#/'*%8-0*,-0*,8)N'(0* /5,@*(66#)#L-H DEH ;-'8)5#0')50*d#-'8)5#0')*#*,@*-*#/'*%8-0*,G*0(8@*f ;-'8)5#0')*#*,@*-*#/'*%8-0*,G*0(8@*,2L%*,-0*#%8)(*03b*@3**G8@*2W*'(0*#@#55>0PL@* #-'8)5#0')*#*,@*-*#/'*%8-0*,G*0(8@*,55-0@*/*#(66#@*#88%@*/5-0>8*@G5,5>*#**,P*)552@ #-'8H1*/5-0>8*@G5,5>*#U8#@0@6-*/*,**,-#-'8@#5>*#*,8G@*#*@*,G**#P*U6-0/5,(*0U*#% U50(LXNL@8*0H10%5,/88#N8U*2(*0(6@>*-*#/'*%8-0*,G*0(8@*52-88%@*3b*@3**G*0(8@* U8#@*,08*>*)5-0*,%5,U8#@*,60>*P#*@,55#**,,*6U/*#@*,G8@*2/88#@*/5-0>8*@G5,5>*#H DKH T5%%*00*,/5,2*/*#,>*,*,@*,-0*,55,)5--*,55,@*/*#5,@*#*,@*G5#%0 V55-0 (*0 3*0 @50 /*#(66#@*#- *, /5-0>8*@G5,5>*#- (*0 0#5@08,*2* -*#/'*%8-0*,)5%%*0 d230 8,@*#(86@W-'(88,G55%WP*/*2>,>W*0'HfG8*0*,-5G*,-0*22*,W-(*088%P*25,>#L%@50@*/*#(66#@*# *,/5-0>8*@G5,5>*#,5@*,%08/*#@*08*>*/8*>@*%U520*0/5,@*2*/*#,>*,*,@*,-0*,H=*#PL G8*0*,NL,5@*,%*,8/*#(*08,@*#-'(*@*,@/*#G8>*,/5,U,%*2'*,0#5*,#*%*,,>(86@*,G*0 8)%8G*,@*0#*,@-52-'#8--O'(5,,*2*,8G,O'(5,,*2-(8))*,H DiH +8*)5--*,/5,@*U,%*2'*,0#6G%U520*0-G8,08# 188# G@@*2 /5, @* U,%*2'*,0#6G %U520*0-G8,08# %6,,*, U,%*2'*,0#5, V*@*#25,@ U8#@*, /*#>*2*%*,G*0*2%55#H1*'*,0#5U8#@*,/88#,5G*2L%/*#>*2*%*,8)%U520*0W55,/622*,@*-*#/'*-*, '8,-6G*,0*,P*2*/,>H155#,55-0N86@*U,%*2'*,0#6G%U520*0-G8,08#60>*P#*@G8*0*,U8#@*,8G 88% @* -*#/'*%8-0*, 8) /*#-'(22*,@* U,%*2'*,0#5 G*0 *2%55# 0* %6,,*, /*#>*2L%*,H 1* 55,N*0 - GG*#-52>*>*/*,` D]H d?#880f95,p*-0*@*,/5,8,@*#(86@-'8,0#5'0*,?#88055,p*-0*@*,%5,**,g5,*#nl,8g@*-*#/'*%8-0*,55,n*,2l%0*#*@6'*#*,h:*,g8*0n'(u*2 #*52-*#*,@50(*#88%,5@*2*,55,%6,,*,N00*,N852-*/*,06*2*)#L-53-)#5%*,*,G8,8)82*W(*0 P8#>*,/5,@*%U520*0*,@*'8,0#82*(*#8)H=*#8/*#G8*0*,@6@*2L%*53-)#5%*,U8#@*,>*G55%0 G*0@*P*0#*33*,@*)5#0L*,H DpH \,#'(0,>/5-0>8*@G5,5>*G*,08#>5,-50**,U*#%)#8'*--*, h5,,**# U8#@0 >*%8N*, /88# @* 3b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p)6,0*,G*055,P*/*2,>*,U8#@*,@*/82>*,@*-&#(55,P*/*2,>*,>*N*,52-@*P*25,>#L%-0**, G**-0*--*,0*2*/*#P*0*#)6,0*,/88#**,0#5,-)5#5,0*#-*#/'*%8-0*,)#8'*-W*'(0*#P*0*%*,0@0,*0@50@* 8/*#>*55,P*/*2,>*,>**,08*>*/8*>@*U55#@*P*@*,F DH 1*P*25,>*,/*#*,>,>*,G8*0*,-05#0*,G*0(*08)-0*22*,/5,**,/*#P*0*#@*2*@#55@/88#&*#/'*%8-0*, PLh,%*2'*,0#5BHCdN*PL25>*KfH BH "# G8*0 **, 6,38#G* '50*>8#-*#,> /5, @* -*#/'*%8-0*, *, **, -05,@55#@ -*#/'*%8-0*,53#*%*,,> U8#@*,8)>*-0*2@dN*PL25>*B<En5'0*/*#(66#@*#*,/5-0>8*@G5,5>*#fH jh "#G8*0,5>*@5'(0U8#@*,8/*#(*08)-0*22*,/5,)#*-050*>*#'(0*/*#>8*@,>*,*,mT\[-/88#(*0G*0*, /5,@*%8-0*,O*,%U520*0HdP*25,>*,/*#*,>,>H-HGH/*#(66#@*#*,/5-0>8*@G5,5>*#fH ]0.+6%)#((.*+8#(<%.8(.<(&)8*:(,06-(&Y Y00'&"'? =*0-/88#52@*055%/5,@*(66#@*#8G@*-*#/'*%8-0*,53#*%*,,>>8*@0*d%6,,*,f'8,0#82*#*,*,@50(*0 @6@*2L% - U*2% 55,@**2 NL (**30, @* 08052* %8-0*,H 155#,55-0 G8*0 @* (66#@*# (55# G*@*U*#%,> *, /*#5,0U88#@*2L%(*@,*G*,,(*055,@#5>*,/5,/*#P*0*#,>*,WP*)52*,/5,%U520*0-,/*56-W*,@*#>*2L%*H Z"':00'&"'? 1*/*#(66#@*#(**3052->#80*055%8G@*/5-0>8*@G5,5>*#0*'8,0#82*#*,d52-(L@*U*#%N55G(*@*,60P*-0**@W (**30@*/*#(66#@*#>**,*b0*#,*P*(**#@*#H1*/*#(66#@*#P*-2-060*,@*2L%8/*#@*53-)#5%*,8G0#*,0@* 2*/*#,>*,W@*,-0*,W@88#P*25-0,>/5,%8-0*,,55#(66#@*#-*,-/*#5,0U88#@*2L%/88#@*(66#8/*#**,%8G-0H "#0,/""#("//,#2%5/")%5"#/%/""#+,#-+,#-+,#.,/0*/,"5"/>"/'")),#2/%/."'1,;")%./"#1%%'G\"&"'4*#&."H+,#)"4;"#/'*A "#& &

Z*./2%"&5*#*2"'? 1*/5-0>8*@G5,5>*#(**3052->#880-0*055%(*0,N'(0*2L%*,0#5,-)5#5,0G5%*,/5,@*%8-0*,*,@88#P*25-0,>,55# @* (66#@*#-H 155#,55-0 G8*0 @* /5-0>8*@G5,5>*# (55# /*#5,0U88#@*2L%(*@*,,*G*,, (*0 0L@> 53#*%*,*,W(*0/82>*,/5,)#8'*@6#*-*,(*0PL/88#P**2@0L@>55,P*-0*@*,/5,'8,0#5'0*,/5,@*2*/*#,>*,*, @*,-0*,H1*/5-0>8*@G5,5>*#-,>#80*G50*/*#5,0U88#@*2L%/88#(*0-*#/'*%8-0*,)#8'*-*,@*,0NL,055% @55#8GN**#-*#*6-0*,*G*,`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anbevelingen voor vervolgonderzoek \,@08,@*#N8*%-**,P#**@5-)*'0/5,@*-*#/'*%8-0*,PLU,%*2'*,0#58,@*#N8'(0H"'(0*#-/*#/82>8,@*#N8*%,55#-*#/'*%8-0*,PLU,%*2'*,0#5,88@N5%*2L%H10G8*08,@*#5,@*#*@6@*2L%G5%*,83(*0@55@U*#%*2L% G8>*2L%-8G**,>8*@*P*,'(G5#%/88#-*#/'*%8-0*,PLU,%*2'*,0#58)0*-0*22*,WN8@50%8-0*,P*0*#G*0 *2%55# /*#>*2*%*, %6,,*, U8#@*, *, *# 52- N8@5,> G**# @6@*2L%(*@ *, 0#5,-)5#5,0* %8G0 /88# @* -*#/'*%8-0*,PLU,%*2'*,0#5,V*@*#25,@H\,@08,@*#N8*%NL,(*#/88#U*2@*%5@*#->*-'(*0-0W*'(0*#G8*0,5@*#8,@*#N8*%60ULN*,83*#**,P*,'(G5#%/88#-*#/'*%8-0*,PLU,%*2'*,0#5%5,U8#@*,8)>*-0*2@H 155#,55-0-@*3b*@3**G*0(8@*,8>**,)6,0/5,55,@5'(0Hh5,,**#**,@*#>*2L%*G*0(8@*U8#@008*>*)5-0 G8*0@6@*2L%**,/*#-'(2U8#@*,>*G55%006--*,522O,(6#*,*,3b*@3**-HRL522O,(6#*,NL,@*-*#/'*%8-0*, PL@*(66#)#L-,P*>#*)*,WPL3b*@3**U8#@0**,/5-0P*@#5>55,-*#/'*%8-0*,,55-0@*(66#)#L-53>*-)#8%*,H =*0-/5,P*25,>8G55,0*>*/*,U50(*055,@**2-*#/'*%8-0*,-0*,8)N'(0*/5,@*(66#)#L-HS88#**, (66#@*#-@0**,#*250*3%2*,/*#-'(28G@50N8U*2NL,(66#%8-0*,52--*#/'*%8-0*,Z%8-0*,[NL,HS88#**, /*#(66#@*#(**30(*0/**2>#80*#*'8,-*k6*,0*-W55,>*N*,NL,,%8G-0*,08*,*G*,d(66#)#L-e-*#/'*%8-0*,f G55#55,@*5,@*#*%5,0NL,%8-0*,)8-088%-0L>0d(8>*#-*#/'*%8-0*,55,@**2fH10G55%0/88#**,/*#(66#@*# **,/*#-'(2,NL,,/*-0*#,>-O*,P*2*>>,>-G8@*22*,H1*G)2*G*,050*/5,**,@*#>*2L%-7-0**GP*0*%*,@ /88#**,/5-0>8*@G5,5>*#@50NL,/*#@*,G8@*2*#5,@*#-60>550N*,*,(L#*%*,,>G8*0(86@*,G*0 #-'8[-W*,@*#>*2L%*HS*#@*#N622*,*#88%@/*#-*L6#@-'(*5-)*'0*,>*08*0-0G8*0*,U8#@*,*,88%(8*G*, 8G>550G*0P*-055,@*(66#O*,P*(**#8/*#**,%8G-0*,W*0'*0*#5H=*#/5,G8*0*,@*#-'8[-,%55#0U8#@*, >*P#5'(0H M8%G8*0*,P*25,>*,8#>5,-50*->55,-5G*,U*#%*,8G0*%8G*,080**,55,/622*,@*W55,>*)5-0*2*@#55@ /88#-*#/'*%8-0*,BHCWN8@50*#G**#6,38#G0*08,0-0550*,*#P*0*#*53-)#5%*,U8#@*,>*G55%08G0#*,0@* -*#/'*%8-0*,PLU,%*2'*,0#5H\,PL25>*K-**,**#-0*55,N*0(*#08*>*>*/*,,@*/8#G/5,**,)25,/5, 55,)5%/88#@*2*@#55@BHC*,-*#88%**,5,527-*/5,@*(6@>*2*@#55@*,@*;\Q&Q8@*83&*#/'*Q(5#>* 8)>*,8G*,,PL25>*i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` "#0,/""#("//,#2%5/")%5"#/%/""#+,#-+,#-+,#.,/0*/,"5"/>"/'")),#2/%/."'1,;")%./"#1%%'G\"&"'4*#&."H+,#)"4;"#/'*A "#& &

12. REFLECTIE \,@0(883@-06%-%#0-'(>*#*32*'0**#@8)(*08,@*#N8*%W@*60%8G-0*,*,@*G*0(8@*%*,@*NL, 08*>*)5-0,@08,@*#N8*%H "#0,/""#("//,#2%5/")%5"#/%/""#+,#-+,#-+,#.,/0*/,"5"/>"/'")),#2/%/."'1,;")%./"#1%%'G\"&"'4*#&."H+,#)"4;"#/'*A "#& &

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dS*#%*#%WBCDBfHMG@*N*)#8P2*G*,@6@*2L%,P**2@ 0*P#*,>*,*,55,@*(5,@@55#/5,**,G*0(8@*835@/*-0*%6,,*,-'(#L/*,WNL,,@08,@*#N8*%@* (6-/*-0,>-25-0*,d2**-F(66#)#L-e-*#/'*%8-0*,e)#8G80*%8-0*,f>*5,527-**#@HM8%-*#>*%*%*,,55# @*G5#%0P*U*>,>*,*,(8*@*#>*2L%*N5%*,/5,,/28*@NL,8)(*0>*P*@/5,@*(6-/*-0,>-25-0*,*, -*#/'*%8-0*,H155#,55-0NL,@*@#*-*#/'*%8-0*,G*0(8@*,@*,V*@*#25,@U8#@*,>*P#6%0W60/8*#> P*-'(#*/*, *, 55, P8@ >*%8G*,, @0 8,@*#N8*%H =*#/88# - >*P#6% >*G55%0 /5, 20*#5066# 8/*# -*#/'*%8-0*,W U,%*2'*,0#5 *, (6-/*-0,>-25-0*, *, G5,5>*G*,0 0(*8#*v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p55,P*/*2,>*,/88#@* G5#%0P*-'(#*/*,*,@55#,55-0**,55,052*--*,0v2*)6,0*,/88#/*#/82>8,@*#N8*%55,>*%55#08G(*0 )#8'*-/*#@*#0*/*#P*0*#*,*,*/*,06*2*,*6U*G*0(8@*,0*250*,-25>*,H BH:*0(8@82>*/5,(*08,@*#N8*% =*08,@*#N8*%(**30#*-62050*,/*#%#*>*,6020*#5066#8,@*#N8*%*,*G)#-'(8,@*#N8*%@88#G@@*2/5,,0*#/*U-W'5-*-06@*-*,3**@P5'%/5,*b)*#0-H=*#60NL,@*%,*2)6,0*,@*,(*0-*#/'*%8-0*,)#8'*- -)*2*,@6@*2L%>*U8#@*,*,-*#@55#,55-0>*%*%*,,55#@*G8>*2L%(*@*,/88#**,*33*'0*/*#*, *33'v,0*#-*#/'*%8-0*,)#8'*->*#'(08)G**#0#5,-)5#5,0**,6,38#G0*0H\%P*,G*0(*08,@*#U*#), 55,#5%,>>*%8G*,0L@*,-GL,-05>*)*#8@*PLQR;"HV5@50%(*0**,*,5,@*#/5,-*#/'*%8-0*,(5@ G**>*%#*>*,WP*,%GL/*#@*#>55,/*#@*)*,,(*08,@*#U*#)@88#G@@*2/5,20*#5066#H92-,*2P2**% @50@*(8*/**2(*@20*#5066#8/*#-*#/'*%8-0*,PLU,%*2'*,0#5-6GG*#U5-H155#8G-8,@*#5,@*#*88% >*%*%*,,55#@*%5,08#*,G5#%0*,NL,55,@*(5,@@55#/5,(5,@/500*,>*'#*v*#@@*88%/5,08*)5--,> NL,/88#U,%*2'*,0#5HS#LU*20*>*2L%G*0(*020*#5066#8,@*#N8*%P*,%>55,-)5##*,G*0@/*#-*G*,-*, 8/*#(*08,@*#N8*%*,@*)#8P2**G-0*22,>W8G0*)#8P*#*,G**#0*U*0*,0*%8G*,/5,@*)#8P2*G*,@* *#-)*2*,*,@*@*G5#%0@5>*2L%-0*>*,%8G0H=*020*#5066#8,@*#N8*%-,@08)N'(0@6--5G*,>*>55, G*0**,>*@**20**G)#-'(8,@*#N8*%H10(**3088%>*2*@080P*)552@*5-)*'0*,/5,(*08,@*#N8*%@* U*283,*0U*#@*,P*2'(0*,55,@*(5,@@55#/5,-/*#@*#,>*>55,8)@*20*#5066#H=*#/88#P2**%@* >*-'(*@*,-/5,U,%*2'*,0#5*,(6@>*/*#5,@*#*,@*G5#%0,88@N5%*2L%0*NL,H1*20*#5066#-06@*,55# 8,@*#N8*%/5,(*08,0-055,/5,U,%*2'*,0#5*,@*#*250*080-*#/'*%8-0*,-@55#@88#)5-250*#,(*0 8,@*#N8*%60>*U*#%0*,-@55#G**>*0#5'(08G@6@*2L%*/*#P5,@*,0*2*>>*,06--*,U,%*2'*,0#5*, -*#/'*%8-0*,HMG@5055,(*0P*>,/5,(*08,@*#N8*%/55%,8>,*0P*%*,@U*2%*%5,08)>550W(*P% *#/5#*, @50 L* (*0 #-'8 288)0 8G d0*f P#**@ 0* >55,H \% (*P >*2**#@ 8G @55#8G @'(0PL @* 8,@*#N8*%-/#5>*,0*P2L/*,H155#,55-0(*P%j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b)*#0G**0,>83%2*,'8,>#*->*N*,@*@66#/5, (*08,@*#N8*%,*0G8>*2L%H"*,@*#>*2L%@*P50N86U*2,0*#*--5,0NL,>*U**-0*,**,5,@*#*U*,@,> "#0,/""#("//,#2%5/")%5"#/%/""#+,#-+,#-+,#.,/0*/,"5"/>"/'")),#2/%/."'1,;")%./"#1%%'G\"&"'4*#&."H+,#)"4;"#/'*A "#& &

55,(*08,@*#N8*%%6,,*,>*/*,H\,)2550-(*#/5,-*#/88#>*%8N*,8G,)2550-/5,**,'8,>#*-W**, 3**'P5'%#8,@*0*(86@*,G*0@*N**b)*#0-*,NL,@***#-0*#*-62050*,/5,(*08,@*#N8*%@55#,G*0(*, P*-)#8%*,*,(*PP*,NL@55#,8>G552-8)>*#*5>**#@H188#@*N*3**@P5'%#8,@*-**,*/*,U'(0>P**2@ 8,0-055, /5, @* )#8P2*G*, @* -)*2*, PL @* -*#/'*%8-0*, PL U,%*2'*,0#5 *, NL, 88% @* G8>*2L%* 8)28--,>*,WG*0(8@*,*,55,P*/*2,>*,,8>G552->*/*#3**#@@88#@*N**b)*#0-H1*3**@P5'%#8,@*G*0 @**b)*#0--(*#pl60*,@*2l%@*08*0->*u8#@*,,(8*/*##*@*g5#%0)5#0l*,n'(%8,@*,/,@*,,@* #*-62050*,/5,(*08,@*#N8*%HT*#-88,2L%P*,%/5,G*,,>@50@0>8*@->*26%0*,(*P%,55-0@* '8,'26-*-*,55,P*/*2,>*,0*/*,-**,-05,@55#@-*#/'*%8-0*,2L-0*,6,38#G*-*#/'*%8-0*,53#*%*,,> 8)>*-0*2@dN*PL25>*Bf*,(*P%**,P*25,>#L%*PL@#5>*>*2*/*#@55,(*0-'(#L/*,/5,**,)#8>#5GG5 /5,*-*,/88#@*2*@#55@/88#-*#/'*%8-0*,BHCdN*PL25>*KfH=*0U5-/88#5288%/88#GLN*232**#N55G 8G@*N*>*(*2*'7'26-@88#0*28)*,H92-%0*#6>%L%8)(*08,@*#N8*%(*P%>*2**#@@50(*0/5,>#880 P*25,>-8G**,(*2@*#**,#*v*2*8,@*#N8*%-8)N*00*(5,0*#*,G*0**,@6@*2L%0L@-)5@H155#,55-0U5- (*0W>*N*,@*'8G)2*b0*0/5,(*08,@*#N8*%/5,G**#@*#*5'08#*,*,d/*#-'(22*,@*f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kH55,P*/*2,>*,/88#@*G5#%0N8>8*@G8>*2L%,P**2@0*P#*,>*,*,/5, @55#60,@*20*#5066#0*N8*%*,,55#8)28--,>*,/88#@*N*)#8P2*G*,HT*#-88,2L%P*,%/5,G*,,>@50 @0->*26%0*,(*P%**,60>*P#*@20*#5066#8,@*#N8*%>*@55,U55#,%@0(*P%6,,*,%8))*2*,55,@* )#8P2*G*,@*-)*2*,PL@*-*#/'*%8-0*,HQ8,'26@*#*,@%5,%N*>>*,@50%(*P>*2**#@@50(*0/5,>#880 P*25,>-8G**,@6@*2L%*,/622,>*,%5@*#-0*-0*22*,55,(*00(*8#*0-'(*#55GU*#%H155#@88#P2L3L* @'(0*#PL(*0@8*2/5,(*08,@*#N8*%*,N8*%L*/**2>*#'(0*#,55#,38#G50*H10/88#%8G0@50L*0*P#**@ >5508,@*#N8*%*,*,(*0(*2)0@55#,55-08G**,>8*@*P5--,**#0*2*>>*,/88#(*0*G)#-'(>*@**20* /5,(*08,@*#N8*%*,8G@55#G**@*60%8G-0*,0*%6,,*,/*#3v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v*#@8G,55-0@*>*-0*2@*/#5>*,88%/**2*b0#5,38#G50*0* /*#%#L>*,@*P60*,@**--*,0*/5,@*/#55>25>H"'(0*#@88#(*08)*,%5#5%0*#/5,@*/#5>*,2*)*,@* 5,0U88#@*,60**,*,P2**%(*025-0>8G'8,'#*0**,G**0P5#*>*>*/*,-60@*5,0U88#@*,0*(52*,H 9'(0*#53 >*N*, G8*0 % @55#8G '8,'26@*#*, @50 **, *,k6 0*,55-0 @*,0*#/*U- **, U55#@*/822* 55,/622,>N86NL,>*U**-0H15,-@*G50*/5,5,0U88#@*,W0*/#*@*,(*@W08*>*/8*>@*U55#@**,G50* /5,8/*#**,-0*GG,>)*#5'08#P*0*#0*5,527-*#*,NL,*,%5,*#G*0G**#@5055,527-*8)**,#*250*3 **,/86@>*G5,*#**,(5#@*#*'8,'26-*55,U8#@*,/*#P8,@*,HRL(*#(52,>/5,(*08,@*#N8*%N86%*# @55#8G/88#%*N*,8G,55-0@*,0*#/*U-88%**,/5-0>*-0*2@*/#5>*,2L-0'HkH*,k6 0*530*,*G*,PL@*,0*#/*U**-H155#,55-0N86(*0,0*#*--5,0NL,>*U**-08G@08,@*#N8*%0*%8))*2*,55,@*'8,-6G*,0 8GN888%@*G*,,>/5,@*'8,-6G*,0@*,@*U,%*2'*,0#5%8G0G**0*,*G*,HM8%N86@*,@* 8,@*#,*G*#-@*@55@U*#%*2L%8)@*U,%*2/28*#-055,WG**>*,8G*,%6,,*,U8#@*,,(*08,@*#N8*%H =8*U*2 @*N* G*0(8@*, P*U6-0 P60*, (*0 8,@*#N8*% NL, >*(86@*,, /*#P5,@ G*0 (*0 P*)*#%0* "#0,/""#("//,#2%5/")%5"#/%/""#+,#-+,#-+,#.,/0*/,"5"/>"/'")),#2/%/."'1,;")%./"#1%%'G\"&"'4*#&."H+,#)"4;"#/'*A "#& &

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v#*,8G,38#G50*60@*N*'5-*->*-0#6'06#**#@*#,55#P8/*,0*(52*,*,%6,,*,@*N* >*>*/*,--,*22*#U8#@*,08*>*)5-08)5,@*#*@*2*,/5,(*08,@*#N8*%H O]XBF^6_\]iJ6IE \, **#-0*,-05,0* U5-, (*0 8,@*#N8*%-G8@*2 8)>*,8G*, 8G @* #*-62050*, /5, (*0 8,@*#N8*% 0* )#*-*,0*#*, 55, **, 55,052 *b)*#0- G@@*2- **, *b)*#0g**0,> 'HkH %2*, '8,>#*-H =*255- U5- **, *b)*#0g**0,>83%2*,'8,>#*->*n*,@*@66#/5,(*08,@*#n8*%*,@*g50*/5,/*#%#l>*,/5,>8*@* 5,0U88#@*,,*0G**#G8>*2L%*,-*#>*%8N*,8G@*N*0*/*#/5,>*,@88#**,3**@P5'%#8,@*/5,@* *b)*#0-h95,@*(5,@/5,**,>*-'(#*/*,g5,5>*g*,0-5g*,/500,>g*0@55#,/88#28)>*'8,'26-*-*, 55,P*/*2,>*,(*PP*,@**b)*#0-(6,3**@P5'%>*>*/*,8)@*P*/,@,>*,/5,(*08,@*#N8*%H\,/**2 >*/522*,%8,@*,NLN'(/,@*,,@*60%8G-0*,/5,(*08,@*#N8*%*,(*#%*,@*G*,N'(,@*#*-62050*, *,'8,'26-*-/5,(*08,@*#N8*%H10-/88#GL@*P*/*-0>,>@50@*)#8P2*G*,@6@*2L%,%55#0NL, >*P#5'(0*,*#0*/*,->8*@*8)28--,>*,NL,55,>*@#5>*,/88#@*G5#%0H155#,55-0(*PP*,**,55,052 )5#0L*,WU55#8,@*#PL/88#P**2@S?:VgW55,>*>*/*,(*08,@*#N8*%0*U22*,>*P#6%*,8G**,@6@*2L%* -0*22,>,0*,*G*,*,@*N*@-'6--*8G0#*,0@*-*#/'*%8-0*,,@*G5#%0/*#@*#55,0*U22*,L5>*,H.0*#55#@U5#*,*#88%**,55,052%#0-'(*8)G*#%,>*,*,NL,@*N*@55#,50*/*,->*v/526**#@H188#@* \SRVP*,%0*/*,-#**@-60>*,8@>@8GGL,P*/,@,>*,08*0*2'(0*,8)**,PL**,%8G-0U55#,@* P#5,'(*8#>5,-50*-/*#@*#N622*,)#50*,8/*#@*-*#/'*%8-0*,PLU,%*2'*,0#5H155#,55-0-88%PLQR;" (*0 8,@*#U*#) (8>*# 8) @* 5>*,@5 >*%8G*, *, U8#@0 *# >*%*%*,,55# (8* *# P*0*# G*0 (*0 -*#/'*%8-0*,)#8'*-8G>*>55,%5,U8#@*,H \,@*N*P#*@*WG550-'(5))*2L%*'8,0*b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` "#0,/""#("//,#2%5/")%5"#/%/""#+,#-+,#-+,#.,/0*/,"5"/>"/'")),#2/%/."'1,;")%./"#1%%'G\"&"'4*#&."H+,#)"4;"#/'*A "#& &

LITERATUURLIJST 95#@*,W+HdBCDjfH]".*5"#+"'),#2/0.."#+,#)"4,"'."#;"#/'055*#*2"5"#/>,V+,#)"4;"#/'*A d:5-0*#+(*--fw+*'(,-'(*.,/*#-0*01*230w1*230h 90N*G5WM*@N>*WM2@*,W=W<&)*#,>-WRHdBCDBfHm5,-*,/88#P,,*,-0*@*,,/*#5,@*#*,@* G5#%0*,n*--57/88#@*08*%8G-0/*#%*,,,>P,,*,-0*@*,+#*,@P6#*56M/*#L--*2HHDKDODpBH R#*--*#-WAHdBCDJWKG55#0BCDJfH &&:g6,'(pl**,%8g-0fr*,'(g5#%,&*#/'*%8-0*,hƒh R66#-,%WAHdDppKfH1*P*0#*%%*2L%(*@/5,@*55,0#*%%*2L%(*@/5,@*P,,*,-05@52- %88)'*,0#6GHY"/X":%0&1*#&"X,##"#./*&*4.M,#)"4:*'/AB.."#3Z*#U%';05WjjOJ]H QR;"HdBCDJ5fHFX6U4%>*4J'"5,"'J'%="'/,".-u0*4,/97"*.0'"5"#/H9--*0&*#/'*-HQR;"H 9G-0*#@5GH QR;"HdBCDJPfHh,%*2'*,0#6GmU520*0-G8,08#H;*0#*/*@jDODCOBCDJW3#8G (00)-FXX'P#*)#8L*'0-H,2XU'%GX-0*X,@*bX U'%GO@*O60-25> Q"VHdBCDBfHV"V"VDEBBDOin45'207:5,5>*G*,0T5#0iF?6@*2,*-38#T*#38#G5,'* R*,'(G5#%,>HR#6--*2FQ"VH Q*,0#552T25,P6#*56/88#@*2**38G>*/,>HdBCDjfH92>*G*,*2*@#55@/88#G550-'(5))*2L%* %8-0*,OP50*,5,527-*H1*,=55>FQTRH 152*WS5,HdBCDCfHS5,152*>#880U88#@*,P8*%@*#V*@*25,@-*0552nN8*%0*#G{-*#/'*%8-0*,{H @*R8*#WM25/HdBCC]fHU"&'*2.;%&"1%%'."'1,;")%./"#1%%';%55"';,""41*./2%"&,#\"&"'4*#&A dg5-0*#0(*--fw9g-0*#@5g&'(88283;*52"-050*w9g-0*#@5gh @*S#*-W9H:HdDp]pfHQ8,-6G*,0*,>*@#5>H**,,0*>#50*/5,0(*8#**,H`**'>%")7*')/%#&"'(%") B..%;,*/,"RWnW-RWWaWBBDOBJEH @*S#*-W1HdBCDCfHO,D"'"#E/%%)"#E"'1,;")%./"#Ad53-06@**#/*#-25>fW&5b8,=8>*-'(882W ",-'(*@*H "H&'(8*,G5%*#-W<m**#-WhHdBCDDfH;-'8)5#0')*#*,@P*(**#@88#/5-0>8*@G5,5>*G*,0HS5, @*,88@**,@*6>@>*G55%0HI,*.\,5>*.6"*4./*/"E=";,*43SaRR-RqH "-*,(5#@0Wm50(2**,:HdDp]pfHR62@,>0(*8#*-3#8G'5-*-06@7#*-*5#'(HB;*&"59%< 5*#*2"5"#/'"1,"+3RbdJfWEjBOEECH "/*#-W1HWm88LG5,W1HW<m#5PP*,W"HdBCDDfHJ4*##,#21*#+,#)"4"#+,#)"42">,"&"#,#\"&"'4*#&H 1*,=55>F&1..0>*/*#-RSH 4*#H3GHdBCDBfH_*/*,-6''*-35'08#*,/88#**,-6''*-/822*35'205#*8#>5,-50*dS82HV;jCCOBCDB h""mrg9149q\g\+9\;w))hjcojbfh92)(*,55,@*,;l,h 4::HdBCDEfH\,N'(0,6U-*#/'*%8-0*,H;*0#*/*@CJOCKOBCDEW3#8G (00)FXX5'5@*G7H3GGH,2X8)2*@,>X,N'(0O6UO-*#/'*%8-0*, 486UW9@*HdBCCJfH&*#/'*%8-0*,/88#P*@#L3-#6G0*/8#G*,-0**@-/5%*#0*>#880@**2/5, (66#)#L-HZ*./2%"&5*')/GZU7H3O">'0*',SaabWjjH?#553W+H@*HdBCDDfH_=/,5*4,.*/,"1*#/*)"#"#1"'*#/+%%'&"4,V):"&"#/0.."#>"4"22"'"# 1*./2%"&5*#*2"'Ad:5-0*#0(*--fW9G-0*#@5G&'(88283;*52"-050*W9G-0*#@5GH?6'(0W?HdBCC]fH]"\%/*60,5/""#&"\"&"'4*#&."&"/*,4:*#&"4../'0;/00'A]"0,/+"'),#21*#""# >"4",&.+,V(,2,#2Ad:5-0*#0(*--fW:5-0*#83;*52"-050*W9G-0*#@5GH =55#*,WAH/5,HdBCDjfH]"/%"2"1%"2&"+**'&"1*#""#<9.,")"+,#)"41%%'""#%#4,#"'"/*,4"'AZ*# %#4,#"#**'%<<4,#"Ad:5-0*#0(*--fW9G-0*#@5G&'(88283;*52"-050*W9G-0*#@5GH =5/2%W=6P*#04#5,%HdDpKBfH&*#/'*'(5#>*-,>5-5,@*2*'0#'#50*-HF%405>,*E/0&,".,#Y,./%'93 ;%#%5,;.*#&J0>4,;@*+3#%AbTlWBjJOBiEH "#0,/""#("//,#2%5/")%5"#/%/""#+,#-+,#-+,#.,/0*/,"5"/>"/'")),#2/%/."'1,;")%./"#1%%'G\"&"'4*#&."H+,#)"4;"#/'*A "#& &

\Q&Q"6#8)*HdBCDDfH\Q&Q'522-38#G8#*0#5,-)5#*,'75,@'*#03'508,HI:"_<<,;,*48FEFX4%23 E"=/"5>"'SW3SaRRH \Q&Q"6#8)*HdBCDBfH\,0*#,508,52Q86,'283&(8)),>Q*,0*#-F"6#8)*5,&*#/'*Q(5#>*?6@*d))H joejfhg8,@8,f\,0*#,508,52q86,'283&(8)),>q*,0*#-x"6#8)*ggqh \V?R5,%VSHdBCDJfHh,%*2#*/8260*,@*#*>8OM)%8G-0*O'8GG*#'*-0G62**#0#*>8,52* P5,*,>#8*8\U;%#%5,.;:X0'"*0-^+*'/**4>"',;:/6"2,%v.dS82H96>6-06-BCDJfH \,;*052WQRh:0*bW<=883@P*@#L3-'(5)1*052(5,@*2HdBCDBfHQ6-08G*#A86#,*7BCDBF**, /*#>*2L%,>06--*,%8)*#-/5,G8@*W-'(8*,*,*,-)8#0Hd))HjOBEfH_*-0FQRhO:\+" H AHR#*--*#-W<:H=*-)HdBCDBfHM&Q9;FV*@*#25,@-*P*,'(G5#%/88#-*#/'*%8-0*,/5,%5,08#*,H _EFB6SaRSwO">'0*'9SaRSH A5,--*,W\\\,>#@W<&G0-HdBCC]fHM60-86#',>P7;*52"-050*,/*-08#-F'(5,'*-38##*52*-050* G5,5>*#-sJ'%;""&,#2.%</:"Rl/:6ESaan;%#<"'"#;"WDiH AggHdBCDjfH;*052<g*-6#*T5#%M&Q9;BCDjH`@@C6"/*,4h@",.0'"J*')_EFB6SaRTWEOBjH m*,,-)8#052"6#8)*-*95,p*-0*@,>*,hdbcdjfh95,p*-0*@*,/5,u*#%*,o1r4:mg8@*2h ;*0#*/*@BCDJODBOCjW3#8G (00)FXX*6#8)*-*55,P*-0*@,>*,H*6X*6#8)*-*55,P*-0*@,>*,X*6#8)*-*a55,P*-0*@,>X55,P*-0*@*,a/5,aU*#%*, m8'(w;'(5#@hdbcddfhi:"naksa=',#;,=4"?/:".";'"//%*;:,"1,#25%'"+,/:4"..hv*uq8#%f 186P2*@57H m8'%w&hvh4hddppkfhy0,.1"./,#2.4*./"#2"=4*#&"+,#)"4;"#/'*?5*2v/,"/.v"5""'(,v#h1*230f1*230-*.,/*#-05#*t*#-h m86-*g5*%*#w4hah:h@*hdbccbfhj'*)/,v)*.=";/"#1*./2%"&?4",&'**&1%%'./0&,""#='*)/,v)h h5>*,,>*,f?#8,,>*,x=860*,wh820*#-v88#@(833h m#5pp*,w"hdbcdjfh+8*%8g-0p,,*,-0*@*,f@7,5g*%*,8,0u%%*2,>-0#50*>**,hi'"#&>0'"*0 _1"',V.."4WjDOjJH g5,>*/*2@wq**-hdbcckfh;%#%5,"1*#:"//:"*/"'?1"./,2,#23=',v.1%'5,#2"#";%#%5,".%<.;*4",# ""#+"'"4&5"/>"(,"4,#2F"#5-G6-&'(88283=-08#7WQ6206#*5,@Q8GG6,'508,d"&=QQfH g8'506-hdbccifh45'0-<4>6#*-v*@*#25,@w@505p5-*07)828>*/5,u,%*2'*,0#5hh8*#@*,f g8'506-h :HAH4H/5,=5>*,HdBCDDfH\,N5%*@*)25,,,>/5,V*@*#25,@,5@*hM\\HX,V4*2">,V,#/"'#"#%/,/," ;%55,..,"'"2,%#*4"+,#)"4=4*##,#2\%%'&Y%44*#&c0,&H :5-08)W;HdBCDBfH\,"/.&%"#,.2""#%=/,"?%1"'&":"'%#/+,))"4,#2.%=/,"."#>00'/-"# >"4",&.,#./'05"#/*',051%%')4",#">00'/-"#+,V)+,#)"4;"#/'*AdG5-0*#0(*--fW9G-0*#@5G&'(882 83;*52"-050*W9G-0*#@5GH :'18,86>(Wh225GW<R#56,>5#0W:'(5*2HdBCDCfHF'*&4"/%;'*&4"?6"5*),#2/:"+*9+"5*)" /:,#2.F:5':225,H :82*,55#WQ8#HdBCDCfHY"/#,"0+"+,#)"4"#H9G-0*#@5GFT*5#-8,"@6'508,R*,*26bH :6,,W;H"HdDp]pfHI%+*'&..0./*,#*>4"&"1"4%=5"#/?B#"#1,'%#5"#/*4="'.=";/,1"dS82HS826G*DW Dp]pW))JpOiBfH9G-0*#@5GF&)#,>*#V*0(*#25,@-H V*@*#25,@-*;55@/5,h,%*2'*,0#5HdBCDJfH1*,88@N55%/5,-0#6'06#*2*/*#,*6U,>/5,@* U,%*2-0#6'066#HI*.)<%';"&9#*5,.;:"'"/*,4%#/+,))"4,#2SaRbWjODKH V"VHdBCDjfHSL3G5,*#*,8G%8-0*,0*P*-)5#*,8)/5-0>8*@H;*0#*/*@CJOCKOBCDEW3#8G (00)-FXX(00)FXXUUUH,*,H,2XV"VO&(8)XS5%>*P*@*,XR86UXR86U,*6U-P*#'(0*,XSL3OG5,*#*,O 8GO%8-0*,O0*OP*-)5#*,O8)O/5-0>8*@H(0G V*)#8GHdBCDBfHS5,)25'*-08P67,55#)25'*-08P*H6"/*,41,.,"SaRSWJODKH T(2)Wm802*#HdDppJfH7*')"/,#25*#*2"5"#/?*#*49.,.=4*##,#2,5=4"5"#/*/,%#*#&;%#/'%4dS82H ]0(*@08,fFT#*,0'*O=52283\,@5H "#0,/""#("//,#2%5/")%5"#/%/""#+,#-+,#-+,#.,/0*/,"5"/>"/'")),#2/%/."'1,;")%./"#1%%'G\"&"'4*#&."H+,#)"4;"#/'*A "& &

T25,P6#*56/88#@*g**38G>*/,>W<9G-0*#@5G&'(88283;*52"-050*HdBCDjfHU">,"&.%#/+,))"4,#2 "#;%55"';,"4"1*./2%"&5*')/"#dS82HTRg)6P2'50*,6GG*#FpJDfH1*,=55>F.0>*/*#LTRgH T25038#GjDW1*052(5,@*2V*@*#25,@W<&0*@*,,*0U*#%?jBHdBCDJfHh,%*2>*P*@/5,@*08*%8G-0F P86U-0*,*,/88#**,)6P2*%)#/50*-5G*,U*#%,>Hd))HJpODBjfH1*,=55>FT25038#GjDH T82G5,WTH9H:HdBCDjfH8/v.*.5*44+%'4&C""#%#&"'(%")#**'/%"=*.>*'">"4"1,#2."4"5"#/"#1%%',#""#'"2,%#**4+,#)"4;"#/'05Ad:5-0*#+(*--fW9G-0*#@5G&'(88283;*52"-050*W9G-0*#@5GH ;55@V*@*#25,@-*1*052(5,@*2HdBCC]fHA55#/*#-25>BCC]d))HDpOBCfHg*@-'(*,@5GF;V1H 92>*G*,*R*)52,>*,(66#8/*#**,%8G-0h,%*2#6G0*WBODCOBCDBWV*@*#25,@WEpXBCDB&050Hd;M_ BCDBfH ;*,0;*/*U"G)8U*#,>+*,5,0-HdBCDjfH=883@)L,@8--*#F&*#/'*%8-0*,H;*0#*/*@BJOCjOBCDJW BCDJW3#8G(00)FXXUUUH#*,0#*/*UH,2XP28>X(883@)L,@8--*#O-*#/'*%8-0*,X ;\Q&W;8752\,-00608,83Q(5#0*#*@&6#*/*78#-dBCDJfH&*#/'*Q(5#>*-,'8GG*#'52)#8)*#07H68FE F%&"%<J'*;/,;"3[^H ;L%-8/*#(*@HdBCDJ5fHS*#)2'(0*,*#>*25P*2/88#>*P86U*,H3#8G (00)FXXUUUH#L%-8/*#(*@H,2X8,@*#U*#)*,X*,*#>*25P*2O>*P86U*, ;L%-8/*#(*@HdBCDJPfHh5#G0*U*0H;*0#*/*@DCOCBOBCDEW3#8G (00)FXXU*00*,H8/*#(*@H,2XRhR;CCjjiBpX>*2@>(*@-@506GaDCOCBOBCDE ;V1W\SRVW<S?:HdBCCpfHg*@#55@/88#-*#/'*%8-0*,PLU,%*2'*,0#5H ;88N*,P6#>WVH4H:HW<"*%*2-WAHdDpp]fHJ'%&0;/%#/+"'=3./'0;/00'"#5"/:%&"#dS82H0U**@*@#6%fH 1*,=55>F.0>*/*#Lg*GG5RSH &(8)),>BCBCHdBCDJfH1*,*6U*U,%*2-0#550d))HjOEfH_*-0F\,;*052H &LP*#0-G5W4H?HdBCDDfH_5("/:00'*4.5*#*2"5"#//%%4A]"+"')"4,V)"+**'&"1*#%5("/:00'A d:5-0*#0(*--fw9g-0*#@5g&'(88283;*52"-050*w9g-0*#@5gh &,*2@*#-W=dBCDJfH &&:g6,'(pl**,%8g-0fr*,'(g5#%,&*#/'*%8-0*,ƒh &)5,,%-WAH:HdDppJfHE"'1,;")%./"#*#*49."504/,-/"#*#/)*#/%%'2">%0+"#?""#**#("//%/ 5%&"4%#/+,))"4,#21%%'&">":""'.,#21*#."'1,;")%./"#AdG5-0*#0(*--?#5@6508,fW+*'(,-'(*.,/*#-0*0",@(8/*,W",@(8/*,H &)**0L*,-WAHhHW<T8-0WhH/5,@*#HdBCDBfH=*0V*@*#25,@-*U,%*225,@-'(5),U8#@,>H\,F V8N*G5,W"HWhH/5,@*#T8-0*,:Hg5,>*,@8*,W=*0V*@*#25,@-*U,%*225,@-'(5),0#5,-0*n 5'08#*,8)**,@7,5G-'(-)**2/*2@HWDpOE]H &0'(0,>Q822*'0*3M,@*#,*G*#-'(5),;*052HdBCDDfHM,2,*U,%*2-N*00*,0L@*2L%*37-*%* /*-0>,>*,8)HEF_6"\,"0+.>',"<3SaRR-aR-SRH +88#,*,@W9HdBCCifH]"+**'&"1*#%#'%"'"#&2%"&C:*#&4",&,#21%%':"/>"%%'&"4"#1*#&" +**'&"1*#%#'%"'"#&2%"&H9G-0*#@5GF1#6%%*#L:5#0H&)#6L0H +#8@8-R5,%HdBCDDfHjTOG8@*2/82>*,-+#8@8-R5,%H;*0#*/*@]ODOBCDEW3#8G (00)-FXX(00)FXXUUUH0#8@8-H,2X,2X)5#0'62*#*,XP*2*>>*,XU55#8GO@66#N55GOP*2*>>*,X /5,@*#h**#@WAHdBCDDfHS5,-7-0**G,55#'8,0*b0>*@#*/*,U,%*2)25,,,>HZ*./2%"&5*')/3 SaRRkajkaqH /5,1#*2W9@HdBCDCfHE/'*/"2,.;:",#("/1*#1*./2%"&?%1"'&00'(**5>"4",&"#5*#*2"5"#/dS82H K*@#6%fH9G-0*#@5GFh*%5.0>*/*#LRSH /5,&'(6))*,W:HdBCDCfH"#5"2*5*44,#\"&"'4*#&?&":**4>**':",&1*#&"%#/+,))"4,#21*#""# ="',<"'"5"2*5*44AdG5-0*#0(*--fW9G-0*#@5G&'(88283;*52"-050*W9G-0*#@5GH S5,&8*-0W:5#*%*HdBCDJfHI:"F0./%5"'`%0'#"9?&"'%41*#='%="'/95*#*2"5"#/,#%5#,;:*##"4 +,#)"4;"#/'*Ad53-06@**#/*#-25>fW48,07-=8>*-'(82*,W",@(8/*,H S*#%*#%W"H\HdBCDBfHE"'1,;")%./"#>,V1"':00'1*#)*#/%'"#AdG5-0*#0(*--fW9G-0*#@5G&'(88283 ;*52"-050*W9G-0*#@5GH "#0,/""#("//,#2%5/")%5"#/%/""#+,#-+,#-+,#.,/0*/,"5"/>"/'")),#2/%/."'1,;")%./"#1%%'G\"&"'4*#&."H+,#)"4;"#/'*A "#& &

S*#G**#WRHdBCCKfHE"'1,;")%./"#1*#504/,-/"#*#/)*#/%%'2">%0+"#?v,<9%0;*#5*#*2",/39%0 ;*#5"*.0'",/vAdG5-0*#0(*--fW+*'(,-'(*.,/*#-0*0",@(8/*,W",@(8/*,H S*#G**#WRHdBCDBfHY%")0##"#+"&">"4"1,#2.+**'&"1*#:"/1"'>4,V<.2">,"&,#+,#)"4;"#/'* 1"'>"/"'"#KdG5-0*#0(*--fW+5-VGP5-R6-,*--&'(882W+2P6#>H S*#G*62*,W:H"HW<h*G5,W9H=H:HdBCDCfHY*#&>%")Z*./2%"&5*#*2"5"#/H?#8,,>*,F V88#@(833.0>*/*#-?#8,,>*,H S25-/*2@W:HdBCDjfHE0./*,#*>4"'"/*,4="'<%'5*#;"?E0./*,#*>,4,/9*#&/:"="'<%'5*#;"%<*'"/*,4 ='%="'/9,#1"./5"#/=%'/<%4,%AdG5-0*#0(*--fW9G-0*#@5G&'(88283;*52"-050*W9G-0*#@5GH SM?MVHdBCDBfH;*52"-050*;*-*5#'(l65#0*#273SaRS-ab3)HiO]H S;M:HdBCCifHX'%;:0'"E"'1,;")%./"#HS;M:H1*,=55>H;*0#*/*@3#8G (00)FXXUUUH-*#/'*%8-0*,H,38X@8'X&*#/'*%8-0*,/5,DL62BCCJ080DL62BCCEH)@3 h5g*2,%wahhh4hw?*#5*@0-w;hthw=8pg5w4h9h:hwg86-p*#>wgh=h:hahw<1*a8,>wthdbccpfh8#4",&,#2 X%0+5*#*2"5"#/H1*230FS&&1H h*p*#w9h9hdbcckfhf%#.05"#/"#2"&'*23&">*.,.h?#8,,>*,fh820*#-ov88#@(833h h8233w:h@*hdbcdjfh@""2./*#&,#&"/*,4adg5-0*#0(*--fw.,/*#-0*0.0#*'(0w.0#*'(0h ht:?#8*)hdbcdjfhm*,>*0522*,-088%o*,-*#/'*%8-0*,fs*#**,/86@>,>*,6,38#g*#,>,8@>h O%;0.%=Z*./2%"&3`0#,SaRbH q,w;hmhdbccpfhf*."./0&9'"."*';:?]".,2#*#&5"/:%&.ds82heff&5>*t6p2'508,-h _L2G5,-WMH:HdBCDCfH]"1"'*#&"'"#&"1'**2#**'+,#)"41*./2%"&%#&"',#14%"&1*#%#4,#" +,#)"4"#?""#%#&"'(%")#**'&"/%")%5././'*/"2,""#1*#'"/*,4"'.AdG5-0*#0(*--fW",@(8/*,.,/*#-0783+*'(,828>7W",@(8/*,H "*,2L-0G*0>*,0*#/*U@*)*#-8,*,*,8#>5,-50*--8)>*,8G*,,(883@-06%]H "#0,/""#("//,#2%5/")%5"#/%/""#+,#-+,#-+,#.,/0*/,"5"/>"/'")),#2/%/."'1,;")%./"#1%%'G\"&"'4*#&."H+,#)"4;"#/'*A ""& &

BIJLAGEN "#0,/""#("//,#2%5/")%5"#/%/""#+,#-+,#-+,#.,/0*/,"5"/>"/'")),#2/%/."'1,;")%./"#1%%'G\"&"'4*#&."H+,#)"4;"#/'*A "#& &

\,(86@-8)>5/*PL25>*,F DH +7)*#,>U,%*2'*,0#5,V*@*#25,@ BH 9,527-**,/5-0-0*22,>-*#/'*%8-0*,)8-0*, jh &05%*(82@*#-5,527-**,-5G*,U*#%,> JH 9,527-*/*#-'(22*,@*-*#/'*%8-0*,G*0(8@*,W,'26-*3@*Z-*#/'*%8-0*,G*0(8@*/*#>*2L%,>[ EH &05,@55#@-*#/'*%8-0*,53#*%*,,>G*0-05,@55#@%8-0*,)8-0*,,'26-*3%U520*0-G*0,> d@**2-/*#0#86u*2l%*pl25>*f KH 9,527-*/5,O*,-05))*,)25,/88#(*0/*#P*0*#*,/5,@*(6@>*g*@#55@/88#&*#/'*%8-0*, PLh,%*2'*,0#5,V*@*#25,@ ih 9,527-*;\Q&Q8@*83&*#/'*Q(5#>* ]H 9,527-*&*#/'*%8-0*,)#8'*--*,,"6#8)5'8,38#G8,@*#N8*%/5,@*\Q&Q ph 9,527-*P*,'(G5#%)8#0*3*622*QR;"<Aggd",>*25,@fd@**2-/*#0#86U*2L%*PL25>*f DCH.0U*#%,>*,'8,'26-*,0*#/*U- DDH Q5-*-06@78,@*#N8*%j/*#-'(22*,@*U,%*2'*,0#5,V*@*#25,@d/*#0#86U*2L%*PL25>*f "#0,/""#("//,#2%5/")%5"#/%/""#+,#-+,#-+,#.,/0*/,"5"/>"/'")),#2/%/."'1,;")%./"#1%%'G\"&"'4*#&."H+,#)"4;"#/'*A "#& &

"#0,/""#("//,#2%5/")%5"#/%/""#+,#-+,#-+,#.,/0*/,"5"/>"/'")),#2/%/."'1,;")%./"#1%%'G\"&"'4*#&."H+,#)"4;"#/'*A & "#& 1. TYPERING WINKELCENTRA IN NEDERLAND h,%*2'*,0#5*,u,%*2>*p*@*,u8#@*,@88#g8'506-,v*@*#25,@8,@*#/*#@**2@,dc/*#-'(22*,@*07)*, dg8'506-wbcciff RAX8\\\EIB] M,@*#@*P,,*,-05@U8#@*,@*>#80*#*d(883@dU,%*2'*,0#5,V*@*#25,@/*#-055,U55#G**#@5,JCC U,%*2-NL,>*/*-0>@H155#,55-0%5,G*,8,@*#-'(*@G5%*,06--*,@*>#80*#*-0*@*,d9G-0*#@5GW1*, =55>W",@(8/*,W;800*#@5G*,.0#*'(0f*,@*%2*,*#*-0*@*,d9#,(*GWR#*@5W1*,R8-'(W?#8,,>*,W g*@*,w:55-0#'(0*,vlg*>*,fh=*0u,%*2--8#0g*,0-/88#,5g*2l%,8,o388@*,@*'8,-6g*,0%8g0 (*#/88#,5G*2L%8G#*'#*50*30*U,%*2*,H S88#P**2@F=88>Q50(*#L,*.0#*'(0H SAY O]M8\^@UX8]GU6 Ik^@8\H 10P*0#*30@*U,%*2>*P*@*,,(*0-05@-'*,0#6G/5,**,G@@*2>#80*O83%2*,*-05@G*0'5HDCC^JCC U,%*2-HS**252,8,O388@*,/88#,5G*2L%P*-0*G@/88##*'#*50*3U,%*2*,H S88#P**2@F=".S"g",@(8/*, TA^6\Z6c_6U\]M8\^@UX8]GU6 Ik^@8\H m*#,/*#n8#>*,@*'u,%*2*,0#5u8#@*,,*052-(883@u,%*2'*,0#5>*n*,52-(*0(883@u,%*2>*p*@,**, U88,)2550-Hm*#,/*#N8#>*,@*'*,0#528)*,60**,/5,E080'5DCCU,%*2-H S88#P**2@FQ82G-'(50*1*/*,0*# ba^6\z6c_6u\]e[j67b6^if\i6[7 =*#8,@*#U8#@0/*#-055,**,%2*,*U,%*2'8,'*,0#50*G*0@#*080/*#U,%*2-HS5,@*N*U,%*2--*# G,G552DP*-0*G@52--6)*#G5#%0H1*N*/,@L*/88#,5G*2L%,838G5))5#0*G*,0*,>*P86U*,U55#**, U,%*2-0#)8,@*#->*/*-0>@H laeib]e]@f\i6[7 M,@*#(*0-05@-@**2'*,0#6GU8#@*,U,%*2'*,0#5>*#*%*,@G*0G**#@5,ECU,%*2-*,@0-520L@**, 55,/622,>8)**,P,,*,-05@83(883@U,%*2'*,0#6GHS82>*,-d:5-08)WBCDBW)HDBf/5#**#0(*055,P8@ /5,388@O080,8,O388@5#0%*2*,WU55#PL(*0,8,O388@55,P8@/**252P#**@G55#8,@*)-H10P*0*%*,@@50 *#/55%G,G552**,U5#*,(6-55,U*N>*,0U**080@#*-6)*#G5#%0*,H S88#P**2@FQ8##@8#T5--5>*S**,*,@552 jax8\\\ei]@8`^m8\^@ei6bbi RL**,P,,*,-0*@*2L%*U,%*2-0#550U8#@*,EC83G**#U,%*2->*#*%*,@Hm*,G*#%*,@55,@007)*-@50 @*N*,*0)25,G50>-8,0U%%*2@*,@6-/55%**,/*#@**2@*>*,@8G%*,0H S88#P**2@FU,%*2-0#50*,,-0*@*,52-9G*#-388#0W_U822*W9G-0*#@5GW*0'H qam8`^m8\^@f\i6[7 1*N*(**30/55%**,8,@*#-0*6,*,@*36,'0*,55-0**,P,,*,-05@83(883@U,%*2>*P*@*,/88#N*0@* '8,-6G*,0/55%,@5>*2L%-**,U*%*2L%-*P88@-'(5))*,H1*N*UL%U,%*2'*,0#5NL,/**252>*2*>*,,@* U88,UL%*,/5,-0*@*,*,@8#)*,*,%*,G*#%*,N'(/82>*,-d:5-08)WBCDBW)HDBf/55%@88#>8*@* )5#%**#>*2*>*,(*@*,*,>*G5%/5,P8@-'(5))*,@8*,HhL%U,%*2'*,0#5P*-055,/**25260DC080EC U,%*2-8306--*,@*E*,DCU,%*2-G*00U**-6)*#G5#%0*,H S88#P**2@FQ82G-'(50*,1*/*,0*#

nax[[6im8\^@f\i6[7 1*P66#0U,%*2'*,0#5NL,8/*#(*052>*G**,%2*,*#@5,UL%U,%*2'*,0#5*,(*PP*,/55%(*0%5#5%0*#/5, **,Z8,@*#-0*6,*,@*36,'0*[@*/88#N*0,@*@5>*2L%-*P*(8*30*/5,@*'8,-6G*,0HR66#0U,%*2'*,0#5 NL,G**-052'*,0#552>*2*>*,,**,P66#083@**2/5,**,UL%U55#PL(*0>5508GU,%*2'8,'*,0#50*-/5, G,G552E080G5bG552pU,%*2-H155#,55-0-*#/55%xx,-6)*#G5#%0,@007)*'*,0#6G55,U*N>H S88#P**2@F:82*,UL%9G-0*#@5G WAU6 IEFYB@8UM8\^@F_\F\I6BI8 M,@*#**,>#880-'(52>*'8,'*,0#50*U8#@0/**252?1Sd?#880-'(52>*1*052(5,@*2S*-0>,>*,f/*#-055,H =*0>550(*#PL/55%8GU,%*2/88#N*,,>*,@*/55%8))*#3*#*28'50*-NL,>*/*-0>@*,U55#>8*@*#*, 8) **, >#880 U,%*28))*#/25% U8#@*, /*#%8'(0H 1*N* 28'50*- U8#@*, >*%*,G*#%0 @88# @* >8*@* P*#*%P55#(*@*,U55#G*,/55%>#50-%5,)5#%*#*,H S88#P**2@F92*b5,@#6G;800*#@5G RaAEJF8B@M8\^@UX8]\_O_Z68UF\I6B M,@*# @*N* '50*>8#* /522*, 522* -88#0*, U,%*2'*,0#5 @* **, 5)5#0* )8-0* (*PP*, P,,*, @* /88#N*,,>*,,**,-05@83@8#)HS**252-@0U*2T1SdT*#3*#*1*052(5,@*2S*-0>,>*,fU55#PL@* U,%*26,0-@6-/55%%2*,*#NL,@5,ECCGBH1*N*'*,0#5'8,'*,0#*#*,N'(/55%8)%,88))6,0*,/5, 0#*,*,W/2*>/*2@*,W*,@*#>*2L%**,NL,/55%>*#'(08)G)62->*#'(0U,%*2*,83@8*2>*#'(0U,%*2*,H 1*N* '*,0#5 /*#-'(22*, 0*, 8)N'(0* /5, *2%55#, P*#*%P55#(*@ d88% G*0-88#0 /*#/8*#fW )5#%**#G8>*2L%(*@*,W 55,0#*%%*2L%(*@ /5, (*0 U,%*2>*P*@ *, G8*0*, /55% '8,'6##*#*, G*0 U,%*2'*,0#5,@*,5PL*8G>*/,>dT25038#GjD*052HWBCDJW)HjDfH S88#P**2@F&'()(82T25N5nR505/5-05@g*27-05@ "#0,/""#("//,#2%5/")%5"#/%/""#+,#-+,#-+,#.,/0*/,"5"/>"/'")),#2/%/."'1,;")%./"#1%%'G\"&"'4*#&."H+,#)"4;"#/'*A "#& &

2. ANALYSE EN VASTSTELLING SERVICEKOSTENPOSTEN =*#8,@*#-/*#@*#8,@*#-'(*@>*G55%08/*#U55#@*-*#/'*%8-0*,/82>*,-S*#G*62*,dS*#G*62*,< h*g5,wbcdcw)hbckf60p*-055,f DH 91:\V\&+;9+\"mM&+"V 1*/5-0>8*@G5,5>*#-/*#5,0U88#@*2L%/88#(*08)-0*22*,/5,**,-*#/'*%8-0*,P*>#80,>W52-88%/88# 522*53G,-0#50*/**,0*'(,-'(*U*#%N55G(*@*,@*(*#60/88#0/28**,83G**-5G*,(5,>*,H155#G** -(L@6-88%/*#5,0U88#@*2L%/88#@*,%88)/5,@*2*/*#,>*,*,@*,-0*,*,(*0'8,0#5'0P*(**#(*#/5,H 1*/5-0>8*@G5,5>*#G5>(*#/88#**,/*#>8*@,>/5,Ec/5,@*%8-0*,,#*%*,,>P#*,>*,@*/88#@*N* -*#/'*%8-0*,U8#@*,>*G55%0dS*#G*62*,<h*G5,WBCDCW)HBCKfH jh "V";?\"mM&+"V 1* %8-0*, /88#,@/@6**2 83 '822*'0*3 /*#P#6% /5, *,*#>* *, U50*# U8#@*, @88#P*25-0, @* -*#/'*%8-0*,53#*%*,,>H1*%8-0*,/88#*,*#>*/*#P#6%/5,,@/@6*2*(66#@*#-U8#@*,/**252P*)552@ G*006--*,G*0*#-83@*(66#@*#-(*PP*,**,*>*,55,-260,>H1*%8-0*,/88#*,*#>*G*0P*0#*%%,>080 @*>*G**,-'(5))*2L%*#6G0*WPL/88#P**2@**,)5--5>*WU8#@*,/**252@88#P*25-08)P5--/5,/*#(66#@* GB[-/28*#8))*#/25%H=*0N*23@*>*2@0(*#,/88#(*0U50*#/*#P#6%HdS*#G*62*,<h*G5,WBCDCW)HBCKfH JH \V?"=..;1"1\"V&+"V M,@*# @*,>*(66#@* @*,-0*, U8#@*, 8,@*# 5,@*#* /*#-055, @* -'(88,G55%W P*/*2>,>W >#8*,/88#N*,,>W8,>*@*#0*P*-0#L@,>W53/52/*#U*#%,>*,*,*#>*G5,5>*G*,0H1*N*@*,-0*,U8#@*, >*2*/*#@0*,P*(8*/*/5,522*(66#@*#-,(*0U,%*2'*,0#6GH\GG*#-W*2%*(66#@*#U2@50@*)5--5>**, 52>*G*,* #6G0* -'(88,W (**2W /*2> *, 88% Z>*N*22>[ NL,H 1*N* @*,-0*, U8#@*,, @* 0#5@8,*2* -*#/'*%8-0*,53#*%*,,>@88#P*25-08)P5--/5,/*#%5,0*G*0*#-W52@5,,*0G*0**,P*)552@*/*#@*2,>83-0533*2 d%8#0,>f 55,>55,@* (*0 >*(66#@* 55,052 /*#%5,0* G*0*#-H 155#,55-0 %#L>0 @* )8-0 P*/*2>,> 0*>*,U88#@> *b0#5 55,@5'(0 /5,U*>* @* (6@>* 0*##8#-0-'(* @#*>,>*,, V*@*#25,@H 92- /5-0>8*@G5,5>*# *, /*#(66#@*# G8*0 L* @* /*#5,0U88#@*2L%,*G*, 8G 88% (*#/88# @*,8@>* G550#*>*2*,0*0#*33*,dS*#G*62*,<h*G5,WBCDCW)HBCKfH EH MV1";=M.1&QMV+;9Q+"V h,%*2'*,0#5(*pp*,@/*#-*,-052250*-*,/88#n*,,>*,@*#*>*2g50>8,@*#(86@,8@>(*pp*,*, U55#/88#-*#/'*O*,8,@*#(86@-'8,0#5'0*,U8#@*,53>*-280*,G*0(*#/88#>*-)*'52-**#@*P*@#L/*,H1*,-052250*--055,G**-052,@*,-0/5,522*(66#@*#-*,@55#8G%8G*,@*%8-0*,/88#(*08,@*#(86@*#/5, 0*,25-0*/5,@*(66#@*#-H92>*G**,P*-'(86U@%8G*,@*/82>*,@*8,@*#(86@-'8,0#5'0*,,55,G*#%,> /88#@*-*#/'*%8-0*,53#*%*,,>F?*P86UP*(**#-7-0**Gn &)#,%2*#,-052250*n R#5,@G*2@,-052250*n 9608G50-'(*@*6#*,n R#5,@P26-G@@*2*,n Q5G*#5-7-0*G*,n +#5,-)8#0,-052250*-d230*,W#82)5@*,*,#820#5))*,fn \,P#55%P*/*2>,>n 1#6%/*#(8>,>-,-052250*-n R2%-*G532*@,>-,-052250*n QSO,-052250*n g6'(0p*(5,@*2,>,-052250*-n 15%8,@*#(86@H R8/*,-055,@*)8-0*,U8#@*,,8#G520*#8)@*N*23@*G5,*#@88#P*#*%*,@52-P*-'(#*/*,8,@*#)6,0j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

/5@*-*#/'*%8-0*,53#*%*,,>*,G8>*,U8#@*,P*0552@*,NL,@0%8-0*,/88#@*/*#(66#@*#83*>*,55#H _852->*N*>@-(*0/88#'8GG*#'**2/5-0>8*@*,/88#,5G*2L%PLU,%*2'*,0#5W,*0/5-0>*2*>@83@*N* %8-0*,U*283,*0U8#@*,@88#P*25-0*,@0%5,@55#8G)*#/*#(66#@*#83)*#(66#'8,0#5'0/*#-'(22*,H h55#plg8*0u8#@*,8)>*g*#%0@50/88#**,>#80*g**#@*#(*@>*2@0@50@*%8-0*,(*#/88#u*2u8#@*, @88#P*25-055,@*(66#@*#-dS*#G*62*,<h*G5,WBCDCW)HBCKfH KH ="44\V?"V"VR"g9&+\V?"V 1*(*33,>*,NL,52-(*0U5#*@*P*25-0,>*,@*G8*0*,U8#@*,P*0552@*,P*0#*%%,>(*PP*,8)8,@*# 5,@*#*U50*#*,#82*#,>H10U8#@0/55%'822*'0*3P*0552@55,*,*#NL@-(*0U50*#-'(5)*,5,@*#NL@-@* >*G**,0*H 155#,55#-0 (**30 @* (66#@*# 88% NL,,@/@6*2* (*33,>*,H 1* P*25-0,>*, @* U8#@*, @88#P*25-055,@*(66#@*#-NL,PL/88#P**2@P*25-0,>*,,#*250*080#*'25G*60,>*,H=*0P*0#*33*,520L@ >*G**,0*2L%*P*25-0,>*,W@*)*#>*P86U*,)*#)2550-/*#-'(22*,dS*#G*62*,<h*G5,WBCDCW)HBCKfH ih S";_"m";\V?"V S*#N*%*#,>*,@*/88#>*P86U*,U8#@*,53>*-280*,*,/5@*-*#/'*%8-0*,53#*%*,,>@88#P*25-0U8#@*, NL,@*>25-/*#N*%*#,>W8)-052/*#N*%*#,>*,h9O/*#N*%*#,>H1*>25-/*#N*%*#,>-/5,08*)5--,>8)52(*0 >25-,@*>*G**,-'(5))*2L%*#6G0*/5,**,U,%*2'*,0#6GH1*8)-052/*#N*%*#,>>*2@0/88#522*-'(5@*- @*55,(*0>*P86U%6,,*,8,-055,WPL/88#P**2@@88#P#5,@83/*#,*2,>H1*h9O/*#N*%*#,>(**30 P*0#*%%,>8)-0650*-U55#PL@*#@*,55,-)#5%*2L%>*-0*2@%6,,*,U8#@*,/88#>*2*@*,-'(5@*55,(*0 >*P86UHM/*#>*,-%8G0(*0/55%/88#@50*,%*2@*>25-/*#N*%*#,>,@*-*#/'*%8-0*,U8#@0@88#P*25-0H 1*8)-052O*,h9O/*#N*%*#,>U8#@*,/**252/5@*/*#(66#@*#X*>*,55#53>*-280*,dS*#G*62*,<h*G5,W BCDCW)HBCKfH ]H 1\S";&"V M,@*#@/*#-*,U8#@*,%8-0*,/*#-055,@*@88#(*0-)*'3*%*%5#5%0*#/5,(*0>*P86UW@88#@50P*)552@* 35'20*0*,55,U*N>NL,WU8#@*,@88#P*25-0,@*-*#/'*%8-0*,H=*#PL/5200*@*,%*,55,@*%8-0*,/88# PL/88#P**2@**,,88@-0#88G5>>#*>550@*(*0U,%*2'*,0#6G/88#N*0/5,-0#88G8)(*0G8G*,0@50@* -0#88G60/520HM8%%5,(*0NL,@50@*%8-0*,/88#**,)5#%**#>5#5>*8,@*#U,%*2'*,0#6G>*(**283 >*@**20*2L%0*,25-0*%8G*,/5,@*-*#/'*%8-0*,H=*#PL>550(*0,(*0-)*'3*%*>*/52/5,)5#%**#%8-0*, 8GPL/88#P**2@%8-0*,/88#F T5#%**#,-052250*n V88@-0#88G5>>#*>550n \,P#55%P*/*2>,>*,'5G*#5-7-0*G*,n +#5,-)8#0-7-0*G*,d230*,W#820#5))*,W*0'Hfn S62U50*#)8G)*,n T5#%**#%55#0%8-0*,n S*#2'(0,>n "0'*0*#5H 1*N*%8-0*,U8#@*,,8#G520*#@88#P*25-08)**,N*23@*G5,*#52-8,@*#)6,0jHZ,>*(66#@*@*,-0*,[ P*-'(#*/*,dS*#G*62*,<h*G5,WBCDCW)HBCKfH "#0,/""#("//,#2%5/")%5"#/%/""#+,#-+,#-+,#.,/0*/,"5"/>"/'")),#2/%/."'1,;")%./"#1%%'G\"&"'4*#&."H+,#)"4;"#/'*A "#& &

3. STAKEHOLDERSANALYSE & SAMENWERKING \, @*N* PL25>* U8#@*,, (*0 /*#2*,>@* /5, (883@-06% jhd *, jhb @* -05%*(82@*#- P,,*, (*0 -*#/'*%8-0*,)#8'*-/5,U,%*2'*,0#5/*#@*#60**,>*N*0H Y00'&"'? ;*052*#- (6#*, U,%*2#6G0* 8G @55#G** **, )2*% 0* (*PP*, U55#G** NL (6, >8*@*#*, *, )#8@6'0*, %6,,*, 55,P*@*,55,@*'8,-6G*,0HMGP5500*(*PP*,PL(*0*b)280*#*,,**,37-*%*U,%*2-(*0/88#@* #*052*#/5,P*25,>@50(L'8,0,6Y0*0%5,P*(52*,60NL,*b)28050**,@*U,-0%5,G5bG52-*#*,dT(2)W DppJfH :55# @* #82 /5, @* 37-*%* U,%*2 - P*(88#2L% /*#5,@*#@, @* 53>*28)*, 0L@W G*@*,5 @* *'8,8G-'(*@)@**#->*U**-0H1*'8,-6G*,0/*#%*-0,8>-0**@-@*37-*%*U,%*2P8/*,(*0,0*#,*0 *,P*@0@*#*052*#@*G8>*2L%(*@8G'8,-6G*,0*,0*/88#N*,/5,5@/*-W(*055,P*@*,/5,@*37-*%* )#8@6'0*,*,@*@55@U*#%*2L%*P*2*/,>dT25038#GjD*052HWBCDJW))HijODBpfHMG@*'8,-6G*,0*,,@* 37-*%*U,%*2-0*%#L>*,(**30@*#*052*#P*25,>PL(*0>8*@36,'08,*#*,/5,(*0U,%*2>*P*@H=*#PL G8*0(*0**,55,0#*%%*2L%>*P*@NL,G*0**,)5--*,@55,P8@d/5,U,%*2-W(8#*'5*,/88#N*,,>*,fW >5-0/#L(*@WP*#*%P55#(*@W-)5,,,>*,8,0-)5,,,>W0#5,-)5#5,0**,-*#/'*d,*,P60*,@*U,%*2f d=55#*,w BCDjf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b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b*#*,*,Z530*08))*,X3b*#*,[8) **,/88#53/5-0>*-0*2@*G5bG52*(88>0*HR8/*,@*,%#L>0@* (66#@*#(*#G****,P*0*#*8,@*#(5,@*2,>-)8-0*W*,-(*0 55, @* /88#%5,0 (*2@*# *, @6@*2L% (8* (88> @* 08052* (6-/*-0,>-25-0*,/88#(*G60/522*,H PZ"':00'&"'.+,44"#&"'"2,":%0&"#%1"'&"."'1,;")%./"#"# )0##"#>"=*4"#+*/&")+*4,/",/,.1*#&"."'1,;"."#&,"#./"#A "#2%"&%#&"':%0&"#+,#)"4;"#/'05,.1%%'&"+**'&""'1*# 1*#2'%%/>"4*#2AN '5-(328Ud@#*'0*,%8G-0*,f*,**,U55#@*>#8*/5,(*0/5-0>8*@8PL*'0d,@#*'0*,%8G-0*,fdT25038#GjD *052HWBCDJW))HijODBpfH=*0)#G5#*@8*2/5,**,/5-0>8*@*>*,55#'HkHP*2*>>*#-8G@*@#*'0*O*,,@#*'0*,%8G-0*,0*8)0G52-*#*,*,N8(88>G8>*2L%*,%8G-0*,0*P*(52*,H+*>*2L%*#0L@(**30(L*# P*25,>PL8G@*3,5,'v2*#-'8[-*,P*(**#-%8-0*,0*G,G52-*#*,HMG@*N*U55#@*>#8*G8>*2L%0* G5%*, - (*0 /5, P*25,> @50 @*N* U,%*2>*P*@*, 83 U,%*2'*,0#5 @* **, *>*,55# 'Hk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

Z*./2%"&5*#*2"'? 1*/5-0>8*@G5,5>*#-@*>*,*@*,8)@#5'(0/5,**, 83 G**#@*#* d,0-0608,*2*f P*2*>>*#- (*0 G5,5>*G*,0 /5, @* /5-0>8*@)8#0*3*622* /88# (55# #*%*,,>,**G0*,608*3*,0H1*/5-0>8*@G5,5>*#-, (*0)#8'*-/5,-*#/'*%8-0*,/*#5,0U88#@*2L%/88#@* 8,@*#(86@-'8,0#5'0*, @* U8#@*, 53>*-280*, G*0 @* /*#-'(22*,@* )5#0L*,H =*0 P*25,> /5, @* /5-0>8*@G5,5>*#-8GG,@*##8G)-28G),@*5@G,-0#50*0*(*PP*,*,@55#,N86**,>*3b**#@ P*@#5>55,-*#/'*%8-0*,PL%6,,*,@#5>*,HMG@*/5-0>8*@G5,5>*#0*G80/*#*,8G-'(*#)0*NL,8)@* 8,@*#(86@-'8,0#5'0*,*,-*#/'*%8-0*,(**30@*/5-0>8*@G5,5>*#P*(8*30*55,**,)#*-050*P*28,,> /88#@*-*#/'*%8-0*,,)2550-/5,**,Ec3**/88#@*5@G,-0#50*/*/*#U*#%,>*#/5,H102*/*#00*/*,- -'(*#)*#* *, G**# 5'06*2* '8,0#5'0*, 8) /88# @* P*0#*33*,@* 8,@*#(86@-'8,0#5'0*,H +*/*,- %5, @* /5-0>8*@G5,5>*#N'(@5,/*#@*#,N*00*,8)%U520*0-/*#P*0*#,>*,@*,-0/*#2*,,>,55#@*(66#@*#H F%#.05"#/? 1*'8,-6G*,0(**30/88#,5G*2L%P*(8*30*55,**, %U52050*3 *, >8*@ 8,@*#(86@*, U,%*2'*,0#6GH &'(88,W (**2 *, /*2> -055, (*#PL '*,0#552 *, 0#*%%*, @* '8,-6G*,0,55# (*0 '*,0#6G 08*H :*0 Plr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h";m\V?+.&&"V&+9m"=Mg1";& MGU,%*2>*P*@*,0*/*#-0*#%*,--5G*,U*#%,>06--*,@*/*#(66#@*#W/5-0>8*@G5,5>*#*,#*052*# P*25,>#L%HZS88#25,@*2L%*#*052O8#>5,-50*-P*0*%*,0@50**,8G-25>WNL>55,GG*#-60/5,(6,*>*, %#5'(0W 0*#UL2 *# -0**@- G**#,>*-)**2@ G8*0 U8#@*, 8) '8,-6G*,0*,0#*%%#5'(0 8) 28%552,/*56[ d&0'(0,>q822*'0*3m,@*#,*g*#-'(5),;*052wbcddfhzg5,@*2l%*#*0528#>5,-50*-(*pp*,d/55%f**, -0*#%* 8,2,*O *, 8332,* 55,U*N>(*@ *, /82@8*,@* dg5#%*0,>fg@@*2*, /88# @* L6-0* #*-*5#'( *, @*/*28)G*,08G@*55,@5'(0/5,(6,@8*2>#8*)0*>#L)*,dwHf(*0/*#>0*'(0*#**,>#80*,/*-0*#,>8G /88#0@6#*,@5'0*30*NL,8)@/*#-*G5#%*0,>O*,/*#%88)%5,52*,[dT25038#GjD*052HWBCDJW)HJpfH=*0 P*,600*,/5,@*8,2,*G5#%*0,>%5,52*,@88#U,%*2>*P*@*,WN852-,0*#,*0*,-8'52G*@5W%5,**, )8-0*/*60U*#%,>(*PP*,8)@*'8,-6G*,0*,P,@,>*,@*8GN*00*,/5,#*052*#-H155#8G%5,>*%8N*, U8#@*,/88#>*N5G*,2L%*/*#0*>*,U88#@>,>/5,(*0U,%*2>*P*@8)8,2,*%5,52*,[dSM?MVWBCDBW))H io]fh MG@*)#8P2*G50*%PL@*-*#/'*%8-0*,8)0*28--*,-(*0P*25,>#L%8G-05)->*UL-,55#**,P*0*#* -5G*,U*#%,>W(*0*,@@8*2W0*U*#%*,H95#@*,dBCDjfP*-'(#L30/L3-05))*,W0*U*0*,/*#%*,,,>W@*2*,W 8/*#**,%8G*,W/8#G>*/*,*,60/8*#*,F E/*=RCZ"')"##,#2? =*#G**)#8P**#0G*,,N'(00*%#L>*,,@*@8*2*,*,5GP0*-/5,P*@*)5#0L*,HMG@0,N'(0 0*%#L>*,NL,@6@*2L%*53-)#5%*,06--*,)5#0L*,/5,>#880P*25,>H E/*=SC]"4"#? "#G8*0**,P**2@U8#@*,/*#%#*>*,/5,@*(6@>*-5G*,U*#%,>HM8%-(*0/5,P*25,>@50 )5#0L*,N'(0(*PP*,8)*,P*>#)(*PP*,/88#*2%55#-P*25,>*,H E/*=TC_1"'""#)%5"#? :*0@*@*#@*-05)G8*0G*,**,%8*#-P*)52*,*,8)(883@2L,*,53-)#5%*,G5%*,8/*#@* >*@**2@*P*25,>*,*,(8*G*,@55#G**8G>550H E/*=bCZ%'52"1"#? :*0@*/*#@*-05)N52@*55,-06#,>W,3#5-0#6'066#*,L6#@-'(*%5@*#-U8#@*,/5-0>*-0*2@HMG /*#/82>*,- 0* %8G*, 080 **, '8,'#**0-5G*,U*#%,>-)25, - (*0 P*%25,>#L% @50 )5#0L*, 8,@*#(5,@*2*,8)P5--/5,*2%55#-P*25,>*,*,@*N8/**2G8>*2L%#*-)*'0*#*,H E/*=lC[,/1%"'"#? \,@*/L3@**,2550-0*-05)G8*0(*0-5G*,U*#%,>-)25,U8#@*,60>*/8*#@*,-(*0P*25,>#L%@50 *#**,-88#0#860,*8,0-0550H10P*0*%*,@@50@*)#8'*--*,*,53-)#5%*,-0#5%>*G8,08#@G8*0*, U8#@*,H "#0,/""#("//,#2%5/")%5"#/%/""#+,#-+,#-+,#.,/0*/,"5"/>"/'")),#2/%/."'1,;")%./"#1%%'G\"&"'4*#&."H+,#)"4;"#/'*A "& &

4. ANALYSE VERSCHILLENDE SERVICEKOSTENMETHODEN, INCLUSIEF DE SERVICEKOSTENMETHODE VERGELIJKING 1.1 De servicekostenmethode vergelijking =*#8,@*#NL,@*/*#-'(22*,@*-*#/'*%8-0*,G*0(8@*,N852-U*@*,V*@*#25,@%*,,*,W60**,>*N*0H Servicekostenmethoden Huidige servicekostenmethode Fixed Fee - methode Partnership - methode Randvoorwaarden / SWOT analyse Randvoorwaarden / SWOT analyse Randvoorwaarden / SWOT analyse voordelen nadelen voordelen nadelen voordelen nadelen \,@*/82>*,@*)5#5>#53*,NL,@*N*G*0(8@*,/*#@*#60**,>*N*0WG*0**,%8#0*08*2'(0,>8)(*0G8@*2W #-'8)#83*2W/88#*,,5@*2*,*,**,&hM+5,527-*H155#,55-0-(*0/*#>*2L%*,'8,'26-/*/5,@*N*G8@*22*, 8)>*,8G*,,(883@-06%j/5,@08,@*#N8*%H 1.2 Analyse van de verschillende servicekostenmethoden 1.2.1 Analyse van de huidige servicekostenmethode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kH )#8G80*PL@#5>*H \, (*0 /82>*,@* P8*%L55#WU5,,**#@*/5-0>8*@G5,5>*#*,/*#(66#@*#522*@55@U*#%*2L%>*G55%0*%8-0*,,N'(0*2L%(*PP*, >*G55%0W/,@*#**,53#*%*,,>)2550-G*0@*(66#@*#H1*N*53#*%*,,>%5,)8-0*3NL,WN8@50(66#@*#**, >*@**20*/5,NL,P*0552@*/88#-'(800*,0*#6>%#L>0WG55#@*53#*%*,,>%5,88%,*>50*3NL,WU5,,**#**, (66#@*#,8>*b0#5G8*0P*052*,P8/*,8)NL,#**@-P*0552@*/88#-'(80HS88#,5G*2L%8/*#@*53#*%*,,>/5,@* -*#/'*%8-0*,8,0-0550/55%@-'6--*H155#,55-0-(*0/88#**,(66#@*#WG55#88%/88#**,/*#(66#@*#-8G-W 25-0>8G,0*-'(500*,U55#@*-*#/'*%8-0*,8)60%8G*,*,@55#8G-(*0/88#@*N*5'08#*,88%G8*2L%8G @0G**0*,*G*,,@**b)28050*P*>#80,>*,/5,U,%*2-HM8%NL,(*0@*(66#@*#-@*G8*0*,P*052*,/88#@* 2*/*#,>*,*,@*,-0*,WG55#(*PP*,NL*#/55%U*,>N*>>*,-'(5)8/*#H+80-28028)*,@*G*,,>*,,@*G5#%0 "#0,/""#("//,#2%5/")%5"#/%/""#+,#-+,#-+,#.,/0*/,"5"/>"/'")),#2/%/."'1,;")%./"#1%%'G\"&"'4*#&."H+,#)"4;"#/'*A "#& &

60**,8G0#*,0@*(6@>*-*#/'*%8-0*,G*0(8@*H"*,55,052>*/*,55,@50(*0G8@*2-/*#86@*#0*,,*0G**# /82@8*0 55, @* P*(8*30*, /5, @* G5#%0H 9,@*#*, /,@*, @50 @0,8> U*2 /82@8*0W G0- *# G55# G**# 0#5,-)5#5,0*W@6@*2L%(*@W6,38#G0*0*,'8,0#82*8)@*-*#/'*%8-0*,*,@*53#*%*,,>%8G0H 68E8F_J6_O8@ \, 8,@*#-055,@* 3>66# U8#@0 @* #-'8O/*#@*2,> 06--*, @* -05%*(82@*#- d/*#(66#@*#w (66#@*# *, /5-0>8*@G5,5>*#f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dE 188#G@@*2/5,**,&hM+5,527-*U8#@*,@*P*25,>#L%-0*-0#*,>0(-WU*5%,*--*-W%5,-*,*,P*@#*>,>*,/5, @*N*G*0(8@*60**,>*N*0H &0#*,>(0- :*,P*0552@/88#U50G*,U*#%*2L%/*#P#6%0 =*0-**,P*%*,@*G*0(8@*@*PL/88#P**2@88%PL *,*#>*2*/*#5,'*#-/5,08*)5--,>- R*@0/**2/#L(*@/88#/*#(66#@*#*,/5-0>8*@G5,5>*# S*#(66#@*#*,/5-0>8*@G5,5>*#@#5>*,U*,>#-'8H M))*#06,0*- h*5%,*--*- +(#*50- V8>U*,>L6#@-'(*/*#5,0U88#@*2L%(*@ V*00#5,-)5#5,0@88#>*P#*%55,8,@*#P86U,>*,/*#@*),> :*0(8@*P*@0U*,>'8,0#82*G8G*,0*,W53#*%*,,>/,@0)5- )2550-55,*,@*/5,(*0L55#?**,6,38#G**,-05,@55#@53#*%*,,> =66#@*#@#55>0522*#-'8[-*,(**30>**,d@#*'0*f,/28*@8)@* -*#/'*%8-0*,H V*0520L@@6@*2L%U*U*2%*%8-0*,G8*0@#5>*, R*@0%5,-*,/88#**,(66#@*#8G,-)#55%0*(*PP*,,(*0 )5%%*0/5,2*/*#,>*,*,@*,-0*, :**#0#5,-)5#5,0*/*#-'(533*,8/*#(*0)5%%*0*,@*53#*%*,,> *,@88#P*25-0,> M)N*00*,/5,**,6,38#G*2L-0/5,-*#/'*%8-0*,)8-0*,*, -05,@55#@53#*%*,,> 93#*%*,,>%8G0)5-U5,,**#@*P8*%*,52>*-280*,NL, =66#@*#G8*0/*#0#86U*,8)/*#(66#@*#X/5-0>8*@G5,5>*#8/*# @*%8-0*, #-'8/*#@*2,>06--*,/*#(66#@*#W(66#@*#*,/5-0>8*@G5,5>*# >550,@*(6@>*G5#%0G8>*2L%/*#-'(6/*,,*00L@>53#*%*,*, @*(6@>*G5#%0-N855,/*#5,@*#,>8,@*#(*/>@5088%@0-7-0**GG8>*2L%(*#N*,G8*0U8#@*,H S55%>**,/*#>*2L%,>G8>*2L%@88#@50522*5'08#*,d*,)5#0L*, P,,*,@*5'08#*,f*#5,@*#-G**8G>55, "#0,/""#("//,#2%5/")%5"#/%/""#+,#-+,#-+,#.,/0*/,"5"/>"/'")),#2/%/."'1,;")%./"#1%%'G\"&"'4*#&."H+,#)"4;"#/'*A "#& &

+8*2'(0,>&h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dpl/88#p**2@ P,,*, @#* G55,@*,,5 53288) /5, (*0 L55#f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d*,)5#0L*,P,,*,@*5'08#*,f5,@*#-8G>55,G*0@* -*#/'*%8-0*,*,@*53#*%*,,>H M"*)#"..".? 1*NU5%0*-/5,@*(6@>*-*#/'*%8-0*,G*0(8@*,N00*,/88#,5G*2L%,(*03*0@50*#,8>U*,>dL6#@-'(*f 53-)#5%*, *, /*#5,0U88#@*2L%(*@*, U8#@*, >*G55%0 *, /5-0>*2*>@H 155#,55-0 - (*0-7-0**G /55%,*0 0#5,-)5#5,0@88#>*P#*%55,8,@*#P86U,>*,/*#@*),>,@*@88#P*25-0,>*,53#*%*,,>HM8% P*@0@* G*0(8@*/55%G55#U*,>'8,0#82*G8G*,0*,8G@50@*53#*%*,,>)5-)2550-/,@,553288)/5,(*0L55#*, U5,,**#522*%8-0*,52>*G55%0NL,HS*#@*#-*#>**,6,38#G**,-05,@55#@53#*%*,,>/88#@*-*#/'*%8-0*, U55#@88#*#U*,>/*#>*2L%,>*,%6,,*,U8#@*,>*G55%0*,0*/*,-88%U*,>0#5,-)5#5,0*U8#@0>*P8@*,H\, (*0(6@>*-7-0**G@#55>0@*(66#@*#522*#-'8[-WG55#(**30(L>**,d@#*'0*f,/28*@8)@*-*#/'*%8-0*,*, @*53#*%*,,>H150-,*0G**#)5--*,@,@*(6@>*G5#%0*,@55#8GG8*0@0-7-0**GU8#@*,(*#N*,H+80-280 -,*0520L@@6@*2L%U*U*2%*%8-0*,G8*0@#5>*,*,P2L30@50/55%,(*0G@@*,*,%8G*,@*%8-0*,/55%0*,,5@*2*/5,@*(66#@*#H 1.2.2. Analyse van het fixed fee model ^_6II_@8FYI8\U_JYI7_]@ "#%8G*,-0**@-G**#)5#0L*,@*/5-0*)#LN*,U22*,*,%6,,*,55,P*@*,HS5,**,522O,(66#W83U*23b*@O3**-W --)#5%*U5,,**#*#>**,-)20-,>U8#@*,>*G55%006--*,(66#)#L-*,PL%8G*,@*%8-0*,WU55#8,@*#5,@*#* @*-*#/'*%8-0*,8,@*#/522*,H1*(66#)#L-'HkH-*#/'*%8-0*,%6,,*,,*0@88#(*0L55#(**,55,>*)5-0U8#@*,W )5-55,(*0*,@*/5,(*0L55#%5,@*)#L-U8#@*,55,>*)5-0HZ1*(66#@*#288)0>**,3,5,'**2#-'8*,(8*30 PL/88#P**2@ >**, #*%*,,> 0* (86@*, G*0 (66#)#L-(*#N*,,>H 1* 8)%8G-0 /5, 3b*@ 3**- - **, 0#*,@, V*@*#25,@H"*,3b*@3**-**,/5-0*/*#>8*@,>/88#**,2*/*#,>,**,/88#53/5-0>*-0*2@*)*#8@*W@* G@@*2- **, /5-0 P*@#5>, #*%*,,> U8#@0 >*P#5'(0H 1* (66#@*# U8#@0,*0 >*'8,3#8,0**#@ G*0 *,>* "#0,/""#("//,#2%5/")%5"#/%/""#+,#-+,#-+,#.,/0*/,"5"/>"/'")),#2/%/."'1,;")%./"#1%%'G\"&"'4*#&."H+,#)"4;"#/'*A ""& &

,5'52'6250*,@*/8#G/5,#*-0060*83,5P*052,>H=*0/5-0N*00*,/5,-*#/'*%8-0*,(**3052-#*-620550@50*# >**,53#*%*,,>*,G**#NL,H9#>6G*,0*,/88#@*N*U*#%ULN*NL,(*0/88#%8G*,/5,@-'6--*-*,8,/*#U5'(0 (8>*%8-0*,8/*#/88#>55,@*L5#*,55,(*0*,@/5,**,P8*%L55#@5,U*2(66#)*#8@*H155#,55-0(**30(*0**, )8-0*/*G)5'08)@*5@G,-0#50*/5,@*/*#(66#@*#H1*/*#(66#@*#/*#-066#0*,%*2,8>**,G55,@O83 %U5#0552,805H1*N*U*#%ULN*,**G0**,-06%8,N*%*#(*@U*>PL@*(66#@*#W*'(0*#(*02*>0**,-06%#-'8PL @*/*#(66#@*#H:*0P*0#*%%,>080@*-*#/'*%8-0*,-@*N*U*#%ULN*G*0,5G*/5,08*)5--,>8)@*8/*#>* 8,@*#(86@-%8-0*,*,,*08)>*P#6%/5,*2*%0#5W>5-*,U50*#H"#NL,*'(0*#)5#0L*,@*88%@*N*%8-0*,0*>*, **,3b*@3**55,P*@*,[d1H@*S#*-WBCDCfH 1*Z3b*@O3**[-*#/'*%8-0*,G*0(8@*-8,0-055,,5@50G*,(**3053>*-)#8%*,8G,*0G**#8)P5--/5,**, /88#-'(80*,**,53#*%*,,>0*P*052*,WG55#@50NL(*#/88#**,/5-0P*@#5>(*PP*,53>*-)#8%*,HRL**, @*#>*2L%*Z3b*@3**[(8*30*#@6-,*0G**#8)P5--/5,**,/88#-'(80*,**,53#*%*,,>0*U8#@*,/*##*%*,@H S55%P2L30(*#PL(*0)5%%*0/5,2*/*#,>*,*,@*,-0*,8,>*ULN>@/5,%#5'(0H=*053-)#*%*,/5,**,3b*@3** %5,/88#**,/*#(66#@*#/88#@*2>NL,U5,,**#(L**,P*-)5#,>U**00*#*52-*#*,8)NL,-*#/'*%8-0*,H"'(0*# %5, (*0 5,@*#-8G 88% /88# (66#@*# /88#@*2> U8#@*, U5,,**# P2L%0 @50 @* -*#/'*%8-0*, -0L>*, *, @50 /*#(66#@*#@0/*#2*-@5,G8*0,*G*,H=*0/88#@**2/88#P*@*)5#0L*,-@50G*,U**0(8*(88>@*%8-0*,*,,%8G-0*,NL,H"'(0*#-@0G8@*2/88#P*@*)5#0L*,@55#G**U*2**,#-'8H "*,5,@*#*/8#G/5,**,3b*@3**-(*0/5-0-0*22*,/5, **, G5bG552 P*@#5> @50 (66#@*# 55, -*#/'*%8-0*, P*0552@H=*#PLU8#@0(*0P*@#5>@6-Z53>*08)0[8)**, 53>*-)#8%*, P*@#5>H :8'(0*, @* -*#/'*%8-0*, @6-6"/*,4"'.+,44"##**'1*./"*<.='*)"#"#+"/"#+**'("**#/%" (,V# "# +"4)" >"&'*2"# (" )0##"# 1"'+*;:/"#A Z%%' 1"':00'&"'.>4,V)/&,/";:/"'4*./,2/"(,V#%5&,/',.,;%,#/" ;*4;04"'"#A PL/88#P**2@rJjWO)*#GBNL,W*,*#-G*0(66#@*#53>*-)#8%*,@50(66#@*#G5bG552rJCWOP*0552@W@5,G8*0 /*#(66#@*#**,/*#2*-,*G*,/5,rjWO)*#GBH=*0%5,88%5,@*#-8GNL,WU5,,**#@*U*#%*2L%*-*#/'*%8-0*, PL/88#P**2@G55#rjiWO)*#GBNL,*,/*#(66#@*#@6-**,U,-0G55%0/5,rjWO)*#GBH"'(0*#U8#@*,88% (*#,60N8,@*#,>*,>*G55%0*,%#L>0**,(66#@*#PL/88#P**2@U*2(*0/*#-'(20*#6>U5,,**#(*0/88#(*G )8-0*360)5%0*,@50/*#(66#@*#@6-P#*5%O*/*,@#550H=*#G**)5%0**,(66#@*#@5,522**,@*P50*,*,,*0 @*25-0*,H 68E8F_J6_O8@ \, 8,@*#-055,@* 3>66# U8#@0 @* #-'8O/*#@*2,> 06--*, @* -05%*(82@*#- d/*#(66#@*#w (66#@*# *, /5-0>8*@G5,5>*#fU**#>*>*/*,H\,@0G8@*2@#55>0/88#,5G*2L%@*/*#(66#@*#(*0#-'8W@55#(LG55#**, P*)552@P*@#5>83)*#'*,05>*8,0/5,>052-PL@#5>*,@*-*#/'*%8-0*,HS522*,@*-*#/'*%8-0*,(8>*#60@5,(*0 P*@#5>@50@*/*#(66#@*#8,0/5,>0W@5,N52@*/*#(66#@*#PLG8*0*,@#5>*,,@**b0#5%8-0*,H Z 6-\\B]@\Z 6]BFI_6\ S88#@*2*,(66#@*#?**,8,/*#U5'(0*(8>*#*%8-0*,8/*#@*/88#>55,@*L5#*,H=*0%5, 88%25>*#60/522*,W(*#G8*0@*(66#@*##*%*,,>G**(86@*,n "33'v,0*#*5@G,-0#50*W'8,0#82**,P*052,>*,P,,*,@* P*0#*33*,@*53@*2,>H:5%%*2L%*#P6@>*00*#*,H R*@0G8>*2L%(*@*,G*0P*0#*%%,>080(*08)N*00*,/5,&g9Z- d&*#/'*g*/*29>#**g*,0f8g%u520*00*g*0*, V5@*2*,(66#@*# ;-'8@50>*P8@*,-*#/'*,*0>8*@-H10#-'8%5,U8#@*, 53>*@*%0@88#(*053@U,>*,/5,**,>8*@*&g9d1*S#*-WBCDCfn V*00#5,-)5#5,0@88#>*P#*%55,8,@*#P86U,>*,/*#@*),>H d\q&q"6#8)*wbcddfwd1h@*s#*-wbcdcf S88#@*2*,/*#(66#@*# S*#(66#@*#%5,%8#0,>>*/*,8)-*#/'*%8-0*,,)2550-/5,(*0 >*/*,/5,(66#%8#0,>n :8>*2L%*P*-)5#,>*,%6,,*,U8#@*,>*P#6%0/88#,/*-0*#,>*,,(*0>*P86UWU55#@88#@*%U520*0,8>G**#N52/*#P*0*#*,n V5@*2*,/*#(66#@*# ;-'8@50/*#>8*@,>,*0@*%%*,@-n V*00#5,-)5#5,0@88#>*P#*%55,8,@*#P86U,>*,/*#@*),>H "#0,/""#("//,#2%5/")%5"#/%/""#+,#-+,#-+,#.,/0*/,"5"/>"/'")),#2/%/."'1,;")%./"#1%%'G\"&"'4*#&."H+,#)"4;"#/'*A "& &

=*0-**,0#>>*#8GN8*33'v,0*,-'(*#)G8>*2L%,0*%8)*,H :8*0L6#@-'(/5-0>*2*>@U8#@*,G*0/*#5,0U88#@*2L%(*@*,H d\q&q"6#8)*wbcddfwd1h@*s#*-wbcdcf S88#@*2*,/5-0>8*@G5,5>*# =*0-**,0#>>*#8G*33*'0*3*,*33'*,0,0*%8)*,H S5-0>8*@G5,5>*#-P*0*#,-05508G**,N8/88#@*2>*'8,8G-'( )5%%*0-5G*,0*-0*22*, =L(8*30,*025,>*#**,53#*%*,,>0*G5%*,U5,0522*--#**@- P*0552@H R*@0%5,-*,/88#@*8,0U%%*2,>/5,**,P*,'(G5#%@88#/5-0* %8-0*, R*@0G8>*2L%-'(552/88#@*2*,@88#>#880,%8)*, 9'0*3-06#*,8)**,>8*@*)#L-O%U520*0/*#(86@,> d\q&q"6#8)*wbcddfwd1h@*s#*-wbcdcf V5@*2*,/5-0>8*@G5,5>*# "#%5,/*#U5##,>8,0-055,@88#G)2*G*,050*/5,G**#-7-0*G*, )/**,6,38#G-7-0**G dp*-055,@*f'8,0#5'0*,d(66#8/*#**,%8g-0*,w 8,@*#(86@-'8,0#5'0*,*,P*(**#8/*#**,%8G-0*,fG8*0*,U8#@*, (*#N*, #-'8/*#@*2,>06--*,/*#(66#@*#W(66#@*#*,/5-0>8*@G5,5>*# U55#PL(*0#-'8-@50/*#>8*@,>,*0@*%%*,@-/88# /5-0>8*@G5,5>*# EM_IB\B@dE 188#G@@*2/5,**,&hM+5,527-*U8#@*,@*P*25,>#L%-0*-0#*,0(-WU*5%,*--*-W%5,-*,*,P*@#*>,>*,/5, @*N*G*0(8@*60**,>*N*0d1H@*S#*-WBCDCfF &0#*,>(0- )#L-O%U520*0/*#(86@,> /5-0*X>*G5bG52-**#@*)#L- U,-0@*2,>G8>*2L%,%88)%#5'(0/88#*33'*,0*#*,*33*'0*/*#,%8)*,H *'8,8G-'(/88#@*2>)5%%*0-5G*,-0*22*, G8>*2L%*%8#0,>)/(66#/#L "#0,/""#("//,#2%5/")%5"#/%/""#+,#-+,#-+,#.,/0*/,"5"/>"/'")),#2/%/."'1,;")%./"#1%%'G\"&"'4*#&."H+,#)"4;"#/'*A "#& & M))*#06,0*- h*5%,*--*- +(#*50- /*#U5##,>@88#G)2*G*,050*/5,G**#-7-0*G*,)/ 6,38#G-7-0**G %U520*0/5-0>8*@G5,5>*#d%25,0>*#'(0(*@*,*, )#85'0*/*U*#%,>f L6#@-'(*/*#5,0U88#@*2L%(*@ V*00#5,-)5#5,0@88#>*P#*%55,8,@*#P86U,>*, /*#@*),>H \,N'(0*2L%(*@/88#53*,P*0*#*P6@>*0#5G,> &'(552/88#@*2*, Q8,0#82*G8G*,0*, M,0U%%*2*,/5,P*,'(G5#%@88#/5-0*%8-0*, M)N*00*,/5,&g9d&*#/'*g*/*29>#**G*,0f8G%U520*0 0*G*0*, 8GN*00*,/5,dP*-055,@*f,%88)O*, 8,@*#(86@-'8,0#5'0*, 8GN*00*,/5,dP*-055,@*f(66#8/*#**,%8G-0*, 8GN*00*,/5,dP*-055,@*fP*(**#8/*#**,%8G-0*, #-'8/*#@*2,>06--*,/*#(66#@*#W(66#@*#*, /5-0>8*@G5,5>*# ;-'8@50/*#>8*@,>,*0@*%%*,@-/88#/*#(66#@*#*, /5-0>8*@G5,5>*#H 0L@>53#*%*,*, +8*2'(0,>&hM+O9,527-* E/'"#2/:.? =*03b*@3**G8@*2N852-U**#>*>*/*,,@*&hM+O5,527-*P*@0N*%*#G8>*2L%(*@*,/88#@*)#8P2*G*,@* -)*2*,,@*G5#%0H"'(0*#G8*0*#W/88#**,>*8@*G)2*G*,050*/5,(*0-7-0**GWU*2#*%*,,>U8#@*, >*(86@*,G*0@*NU5%0*-*,P*@#*>,>*,H=*0>#880-0*/88#@**2*,%#5'(0@50G*0**,3b*@3**-7-0**GU8#@0 P*(552@-(*03b*#*,83G5bG52-*#*,/5,@*%8-0*,*,(*0-06#*,8)**,P*0*#*)#L-%U520*0/*#(86@,>H10 2550-0*/88#,5G*2L%8G@508)/88#(5,@)#*'*-@6@*2L%-U5060>*>*/*,G5>U8#@*,W*,@55#8)G8*0*,@* 8,@*#(86@O*,2*/*#,>-'8,0#5'0*,U8#@*,53>*-0*G@H155#PL-(*0,%88))#8'*-/88#N8*33'*,0*,/88#@*2> G8>*2L%,%8)*, 8G N8 **, *'8,8G-'( /88#@*2> )5'%*0-5G*, 0* -0*22*,W *--*,0**2 G55# N*%*#,*0 8,G8>*2L%H &'(552/88#@*2*, %6,,*, *# /88# N8#>*, @50 @* 2*/*#,>*, *, @*,-0*, >8*@%8)*# 55,>*P8@*, %6,,*,U8#@*,d1H@*S#*-WBCDCfH10%5,U8#@*,/*#>*G5%%*2L%0U5,,**#@*%U520*0*,%U5,00*0U8#@0 /5-0>*2*>@,**,&*#/'*g*/*29>#**G*,0d&g9fU*2%*@5,88%**,>8*@*%5,-@55#/88#P*@0H155#PL%6,,*, G8>*2L%*P*-)5#,>*,U8#@*,>*P#6%0/88#,/*-0*#,>*,,(*0>*P86UWU55#@88#@*%U520*0,8>G**#N52 /*#P*0*#*,H1*U,-0@*2,>%5,)8-0*360)5%%*,WU5,,**#@*-'(552/88#@*2*,,8>P*0*#60)5%%*,@5,/88#53 0L@*,-(*0/5-0-0*22*,/5,@*P*>#80,>*,(*0P*@#5>U*#@/*#U5'(0H=*0%5,*'(0*#88%,*>50*360)5%%*,W U5,,**# @* /5-0>8*@G5,5>*# (*0 P*@#5> 0* (88>,N*0 U55#@88# *# d-0#6'06#**2f P6@>*0 8/*# P2L30H 1* G5,5>*G*,08#>5,-50*N52G8>*2L%>*,*>@NL,(*0P*@#5>(8>*#0*(86@*,8G(*0#-'8U50>*28)*,U8#@0PL

@*/5-0>8*@G5,5>*#83/*#(66#@*#0*'8G)*,-*#*,H10P*0*%*,@@50**,>8*@*#-'8/*#@*2,>>*G55%0G8*0 U8#@*,*,@50P*)552@U8#@0U*/88#U*2%*G**#83G,@*#%8-0*,N528)@#55*,d1H@*S#*-WBCDCfH+80-280 P*@(*03b*#*,/5,(*0-7-0**GG8>*2L%(*@*,/88#@*/*#(66#@*#G*0P*0#*%%,>080(*0>*/*,/5,%8#0,>*, 8)@*-*#/'*%8-0*,,)2550-/5,(66#%8#0,>*,N8**,522O,(66#)#L-#*52-*#*,/88#@*(66#@*#H _==%'/0#,/,". "*,%5,-/88#(*03b*@3**-7-0**G-8G**,P*0*#**,,N'(0*2L%*#*P*>#80,>0*%6,,*,>*/*,/5,(*0 -*#/'*%8-0*,)#8'*-*,%5,WU5,,**#G*,(*0-*#/'*%8-0*,P*@#5>>8*@8,@*#P86U@W(*0**,PL@#5>*2*/*#*, 55,**,0#5,-)5#5,0*#-*#/'*%8-0*,)#8'*-HM8%%5,@*%U520*0>*08*0-0U8#@*,@88#@*/5-0>8*@G5,5>*#W /*#(66#@*#*,(66#@*#55,@*(5,@/5,@*8)>*-0*2@*&g9[-*,%6,,*,*#-'(552/88#@*2*,U8#@*,P*(552@N852- #**@-8,@*#@*-0#*,>0(-P*-'(#*/*,HMG0*/88#%8G*,@50*#8,P*@8*2@*%8-0*,,@*-*#/'*%8-0*,U8#@*, >*-08)0W%5,*#**,'8,0#82*G8G*,0U8#@*,,>*P86U@*,@*,*,*#0*/*,-dL6#@-'(*f53-)#5%*,0*U8#@*, >*G55%0U55#G*,N'(55,N52(86@*,d1H@*S#*-WBCDCfH+80-280(*0-7-0**G%5,-*,/88#(*08)N*00*,/5,**, P*,'(G5#% h5,,**# @* )#L-X%U520*0 /*#(86@,> N852- P*-'(#*/*, 8,@*# @* -0#*,>0(-W 0#5,-)5#5,0 U8#@0 >*G55%0PLG**#@*#*-)*'3*%/*#>*2L%P5#*U,%*2'*,0#5%5,**,/*#>*2L%,>U8#@*,>*G55%08/*#U*2%* %U520*0>*2*/*#@U8#@0/88#**,P*)552@P*@#5>H=*#,%5,G8>*2L%@*h,%*2'*,0#6GmU520*0-G8,08#88% **,P*25,>#L%*#82-)*2*,H I:'"*/.? 1*P*@#*>,>*,%6,,*,@*-0*#%*)6,0*,/5,(*03b*@3**-7-0**G8,@*#60(52*,*,P*@#*>*,H=*0-7-0**GN52 PL/88#P**2@,880 2*/*,-/50P55# NL, U5,,**# (*0,*0 U8#@0 U8#@0 /5-0>*2*>@, @* 8/*#**,%8G-0*, *, '8,0#5'0*,HMG@00*/88#%8G*,N52/88#@*G)2*G*,050*/5,**,,*6U-7-0**GN8/**2G8>*2L%8,@*#P86U@ G8*0*,U8#@*,G*03*0*,W'L3*#-*,/88#@*2*,U55#G**G*,%5,P*5#>6G*,0*#*,0*%*N*,/88#(*03b*@3** -7-0**GH"*,@6@*2L%*#-'8/*#@*2,>06--*,@*(66#@*#W/*#(66#@*#*,/5-0>8*@G5,5>*#-*--*,0**2W@55# @*N*,P*)552@*53-)#5%*,dN852-P6@>*08,@*#O838/*#-'(#L@,>f88%88%**,,5@*2>*U*#%,>%5,(*PP*,8) @*U,-0@*2,>Hh5,,**#(8>*#-'8O8)-25>*,@88#P*#*%*,@U8#@*,,(*0-7-0**GN52**,(66#@*#PL/88#P**2@,*05%%88#@>55,G*0(*03b*@3**-7-0**Gd1H@*S#*-WBCDCfH155#8G-(*0*--*,0**28GdP*-055,@*f,%88)O *,8,@*#(86@-'8,0#5'0*,WdP*-055,@*f(66#8/*#**,%8G-0*,*,@*dP*-055,@*fP*(**#8/*#**,%8G-0*,8G0* N*00*,*,@55#,8)0*,*G*,@50G*,U*#%0/82>*,-(*03b*@3**-7-0**GHMG>**,8,,8@>**b0#5%8-0*,52-,'5--8*,@*#>*2L%*835'(0*#-05,@*,,P6@>*00*,0*%#L>*,*,@*)#L-O%U520*0,*/*,U'(00*(86@*,W@*,0 *#0L@>53>*#*%*,@0*U8#@*,G*0)5#0L*,H155#,55-0P*-0550(*0#-'8@50@*/*#>8*@,>,*0@*%%*,@-/88# **,/*#(66#@*#*,G8*0*,*#53-)#5%*,U8#@*,>*G55%0(8*G*,@55#G**8GG8*0>55,H S88#@50(*0-7-0**G N52U8#@*,>*G)2*G*,0**#@G8*0**#-0U8#@*,>*%*%*,,55#@*G)2*G*,050*P,,*,@*8#>5,-50*HRL /88#%*6#>*P*6#0@0%2*,-'(52>*,52-0*-0)280W52/8#*,-@0>#880-'(52>U8#@0,>*/8*#@8GN8)#8P2*G*,0* /88#%8G*,*,0*/*,--7-0*G*,@55#8),0*%6,,*,#'(0*,d1H@*S#*-WBCDCfH M"*)#"..". 1*>#880-0*NU5%(*@*,N00*,/88#,5G*2L%,(*0%#L>*,/5,/*#U5##,>@88#G)2*G*,050*/5,G**#@*#* -7-0*G*,H108,0-0550G8G*,0**252*,@55#8G-(*0/5,P*25,>8G,N'(0*2L%0*(*PP*,U50@*/88#O*,,5@*2*,/5,@*/*#-'(22*,@*-*#/'*%8-0*,-7-0*G*,NL,H155#,55-0%8G0@*%U520*0/5,@*/5-0>8*@G5,5>*#, (*0%5@*#/5,%25,0>*#'(0(*@*,**,)#85'0*/*U*#%(86@,>G8>*2L%,(*0>*@,>U5,,**#G*,8/*#>550,55# **, 3b*@ 3** -7-0**GH :8>*2L% G8*0 (L @55#/88# *b0#5 U8#@*, P*288,@ @88# G@@*2 /5, **, )#*-050*/*#>8*@,>8G@50NL,P*@#L3-/8*#,>*#(*#@88#U*25,@*#-60N52>55,N*,H155#,55-0-*#/88#@* -*#/'*%8-0*,,8>U*,>L6#@-'(*/*#5,0U88#@*2L%(*@*,8,@*#P86U,>H10N52WN*%*#U5,,**#G*0(*0>550 3b*#*,W@6@*2L%60>*P#*@G8*0*,U8#@*,8GN8@*#-'8[-*,/*#5,0U88#@*2L%(*@*,/88#*2%*)5#0L/5-00* 2*>>*,*,N*%*#88%/5-00*2*>>*,U50U*2*,,*0080-*#/'*%8-0*,>*#*%*,@G5>U8#@*,d1H@*S#*-WBCDCfH +80-280P*-0550@*G8>*2L%(*@@50*#U*,>0#5,-)5#5,0*U8#@0/*#%#*>*,#'(0,>@*(66#@*#W@88#**, >*P#*%55,8,@*#P86U,>*,/*#@*),>/5,(*0-*#/'*%8-0*,)5%%*0d1H@*S#*-WBCDCfH+*G**#U5,,**#**, (66#@*#**,/5-0*)#L-P*0552@WN8,@*#0*#6>>5/*83*0-@*#>*2L%-*,U5,,**#@*/*#5,0U88#@,>*,#-'8[- /822*@>PL@*/*#(66#@*#2>0H 1.2.3. Analyse van de risicoparticiperende servicekostenmethode ^_6II_@8FYI8\U_JYI7_]@ "@ &'(8*,G5%*#- *, h22*g m**#- dq"vw BCDBf (*PP*, **, 8,@*#N8*% 60>*/8*#@,55# **,,*6U* -*#/'*%8-0*,G*0(8@*W,5G*2L% **, #-'8 )5#0')*#*,@ -*#/'*%8-0*,G*0(8@*H _L (*PP*, @0 8,@*#N8*% 60>*/8*#@8G@50G*,/8,@@50@*0#5@08,*2*ULN*/5,/*##*%*,,>/5,-088%O*,-*#/'*%8-0*,,8@>08*- 55,/*#,*6U,>H155#,-0**@-G**#(66#@*52-U8#@0>*-)#8%*,8/*#**,G5bG52-50*P*)52,>WN852-3b*@ "#0,/""#("//,#2%5/")%5"#/%/""#+,#-+,#-+,#.,/0*/,"5"/>"/'")),#2/%/."'1,;")%./"#1%%'G\"&"'4*#&."H+,#)"4;"#/'*A "#& &

3**-W2*@0@0*#08*@50*#5'0*3G8*0U8#@*,>*N8'(0,55#G5,*#*,/5,%8-0*,P*(**#-,>8G(*0#*,@*G*,0,*08,,8@>8,@*#@#6%0*250*,N*00*,@88#%8-0*,8/*#-'(#L@,>*,,@*-*#/'*%8-0*,H\,(*08,@*#N8*%@50NL (*PP*,60>*/8*#@(*PP*,NL>*N8'(0,55#G8>*2L%(*@*,8G@*%8-0*,P*(**#-,>0*>5#5,@*#*,W*,**,G8@*2 0* 8,0U%%*2*, @50 G**#, >550 8) #-'8 )5#0')*#*,@ P*(**#H 155#,55-0 P*@0 (*0 #-'8)5#0')*#*,@* /5-0>8*@G8@*2 G8>*2L%(*@*, 8G,%88)/88#@*2*, 0* P*(52*,H h5,,**# @* )8#0*3*622* /5, **, /5-0>8*@G5,5>*# 83 *>*,55# @*#G50* >#880 -W %6,,*, *#,%88)/88#@*2*, U8#@*, P*(552@ PL 25,@*2L%* )5#0L*,H188#@0>#880-'(52>,0*%8)*,%5,(*0,0*#*--5,0NL,8G,55#@*N*)5#0L*,8/*#0*-05))*,H*# >#880-'(52>U8#@0,>*%8'(0W%5,@50/55%>8*@%8)*#@5,/88#**,*,%*2U,%*2'*,0#6GH:*05,@*#*U88#@*,W U5,,**#G*,(*03b**#@*,>#80*#>550,%8)*,W8,0-055,*#,%88)/88#@*2*,@*@88#G@@*2/5,U,-0@*2,> U8#@*,/*#@**20d1H@*S#*-WBCDCfH10%5,/88#52-,8>522**,U5,,**#@*%8-0*,25>*#NL,@5,@*,%8G-0*,H h5,,**#@*/5-0>8*@g5,5>*#@*n*055%8)n'(,**g0wn52(l#-'8@#5>*#u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dT6P2*%T#/50*&5G*,U*#%,>fH1*N*G5,*#/5, U*#%*,U8#@060>*/8*#@,**,TT&'8,-0#6'0*WU55#PLTT&-0550/88#T6P2*%T#/50*&5G*,U*#%,>H188#@* 08*)5--,>/5,TT&%5,(*0N*23@*>*P86U**,P*0*#>*P86UNL,/88#@*N*23@*)#L-83U*2>8*@%8)*#U8#@*, >*#*52-**#@HRL@*N*G5,*#/5,-5G*,U*#%*,06--*,8/*#(*@*,@*G5#%0U8#@0>*-0#**3@,55#**,8)0G52* /*#@*2,> /5, /*#5,0U88#@*2L%(*@ *, #-'8[-H \, (*0 P86UO *, P*(**#)#8'*- %6,,*, /L3 05%*, U8#@*, 8,@*#-'(*@*,U55#/88#**,8)@#5'(0>*/*#@88#>55,-8)@#5'(0*,55,@*#@*,/*#-0#*%0[dQ"VWBCDBfF ]XO7_./**/1%%'? O1*->,d8,0U*#)f OR62@d60/8*#,>f O4,5,'*d3,5,'*#,>f O:5,05,d8,@*#(86@f OM)*#50*dP*(**#X*b)28050*/5,(*0/5-0>8*@f 1*N*,*6U*/8#G(**30N'(,@*53>*28)*,L5#*,P*(88#2L%@88#8,0U%%*2@*,U,0-0**@-G**#0*##*,HM8% N* L* @*N* /8#G /5, >*Y,0*>#**#@* '8,0#5'0/8#G,> -0**@- /5%*# /88#%8G*, PL d>#80*f P*@#L/*,W U55#PL 8,0U*#)W60/8*#,>W3,5,'*#,>W8,@*#(86@*,P*(**#d1R4:MfU8#@*,52-xx,)5%%*0U8#@*,55,>*P8@*, dm*,,-)8#052 "6#8)*-* 95,P*-0*@,>*,W BCDJfH Z1* U*#%ULN* /5, (*0 >*Y,0*>#**#@ 55,P*-0*@*, /5, /*#-'(22*,@*35'*00*,/5,(6-/*-0,>2*/*#0-7,*#>*/88#@*2*,8)HmU52050*3,@*N,/5,P*0*#*>*P86U*, G55#88%3,5,'**2H.0*#55#@53>*-0*G@8)@*U*,-*,/5,@*08*%8G-0>*>*P#6%*#[dS*#%*#%WBCDBfH =*01R4:MG8@*2P*@088%G8>*2L%(*@*,/88#(*0-*#/'*%8-0*,)#8'*-H=*01R4:M-0G62**#0(*0@*,%*,, @*/8#G/5,@*2*/*,-'7'26-/5,/5-0>8*@HR8/*,@*,-0G62**#0(*08G0*,,8/*#*,,@*N*-0**@-G**# '8G)*00*3U8#@*,@*G5#%0*,P#*,>0(*0**,>8*@*/*#@*2,>/5,@*#-'8[-G*0N'(G**H=*#,%5,88% U8#@*,,5>*@5'(08/*#(*0>*U*,-0*,/*56/5,@*>*2*/*#@*-*#/'*-*,@*,-0*,*,#*-620**#0PL-6''*-,**, >8*@*)#L-O%U520*0/*#(86@,>H "#0,/""#("//,#2%5/")%5"#/%/""#+,#-+,#-+,#.,/0*/,"5"/>"/'")),#2/%/."'1,;")%./"#1%%'G\"&"'4*#&."H+,#)"4;"#/'*A "#& &

68E8F_J6_O8@ \, 8,@*#-055,@* 3>66# U8#@0 @* #-'8O/*#@*2,> 06--*, @* -05%*(82@*#- d/*#(66#@*#w (66#@*# *, /5-0>8*@G5,5>*#fU**#>*>*/*,H\,@0G8@*2(52*,/88#52@*/*#(66#@*#*,@*/5-0>8*@G5,5>*#@*#-'8[-,55# N'(08*H Z 6-\\B]@\Z 6]BFI_6\ S88#@*2*,(66#@*# =66#@*#@#55>0,*0G**#52**,#-'8H;-'8U8#@0>*-)#*@8/*# /*#(66#@*#*,/5-0>8*@G5,5>*# R*0*#*%8-0*,P*(**#-,> V5@*2*,(66#@*# =**30>**,/*#N-'(2,%8-0*,X53#*%*,,>/88#(66#@*#W0*,NL(*0 >*@**20*2L%>*3b**#@U8#@0 S88#@*2*,/*#(66#@*#?*,0*>#**#@55,P*@*,/5,@*,-0*,*,@*#>*2L%* &7,*#>*/88#@*2*,%6,,*,U8#@*,P*(552@ mu520*0(88>(86@*, S88#@*2*,/5-0>8*@G5,5>*# R*@0-7,*#>*/88#@*2*, ;-'8U8#@0>*-)#*@ =**3088%,/28*@8))5'%*0/5,2*/*#,>*,*,@*,-0*, R*@0G8>*2L%(*@*,8G0*,,8/*#*, V5@*2*,/*#(66#@*# 1#55>0N*2388%#-'8 V*0G**#522**,,*>*,(5,@ V5@*2*,/5-0>8*@G5,5>*# 1#55>0N*2388%#-'8 V*0G**#522**,,*>*,(5,@ EM_IB\B@dE 188#G@@*2/5,**,&hM+5,527-*U8#@*,@*P*25,>#L%-0*-0#*,0(-WU*5%,*--*-W%5,-*,*,P*@#*>,>*,/5, @*N*G*0(8@*60**,>*N*0H &0#*,>(0- M))*#06,0*- G**#8)0G52*/*#@*2,>/5,#-'806--*,@*P*0#8%%*, )5#0L*, -0G62**#0(*0@*,%*,,@*/8#G/5,@*2*/*,-'7'26- /5,/5-0>8*@ @**2-/5-0*X>*G5bG52-**#@*)#L- U,-0@*2,>G8>*2L%,%88)%#5'(0/88#*33'*,0*#*,*33*'0*/*#,%8)*, h*5%,*--*- +(#*50- /*#U5##,>@88#G)2*G*,050*/5,G**#-7-0*G*,)/ 6,38#G-7-0**G (8>*%U520*0*,>8*@*U*#%,>/5-0>8*@G5,5>*#- *--*,0**2 L6#@-'(*/*#5,0U88#@*2L%(*@GP0@*2*,/5,#-'8[- G8*0/88#@*2*,8)2*/*#*,/88#522*)5#0L*,W5,@*#-N52 @0G8@*2,*0>*G)2*G*,0**#@U8#@*, &'(552/88#@*2*,NL,0*P*(52*, ;-'8)5#0')50*U55#PL#-'8[-U8#@*,>*-)#*@ -0G62**#08G0*,,8/*#*,,@*N*-0**@-G**# '8G)*00*3U8#@*,@*G5#%0 U*#%*,,55#**,>8*@*)#L-O%U520*0/*#(86@,> /*#%#L>*,/5,G**#0#5,-)5#5,0* 8GN*00*,/5,dP*-055,@*f,%88)O*, 8,@*#(86@-'8,0#5'0*, 8GN*00*,/5,dP*-055,@*f(66#8/*#**,%8G-0*, 8GN*00*,/5,dP*-055,@*fP*(**#8/*#**,%8G-0*, #-'8/*#@*2,>06--*,/*#(66#@*#W(66#@*#*, /5-0>8*@G5,5>*# (8*8G0*>55,G*02**>-055,@*6,0-*,X83**, 3522--*G*,0/5,(66#@*#- +8*2'(0,>&hM+O9,527-* E/'"#2/:.? 1* %#5'(0*, /5, (*0 #-'8)5#0')*#*,@* G8@*2 2>>*, /88#,5G*2L%, (*0 %#L>*, /5, **, G**# 8)0G52* /*#@*2,>/5,#-'8[-06--*,@*P*0#8%%*,)5#0L*,H155#,-0**@-G**#(66#@*52-U8#@0>*-)#8%*,8/*#**, G5bG52-50*P*)52,>WN852-3b*@3**-W2*@0@0*#08*@50*#5'0*3G8*0U8#@*,>*N8'(0,55#G5,*#*,/5, %8-0*,P*(**#-,>8G(*0#*,@*G*,0,*08,,8@>8,@*#@#6%0*250*,N*00*,@88#%8-0*,8/*#-'(#L@,>*,,@* -*#/'*%8-0*,H=*0#-'8)5#0')*#*,@*G8@*2-0G62**#0(*0@*,%*,,@*/8#G/5,@*2*/*,-'7'26-/5,/5-0>8*@ "#0,/""#("//,#2%5/")%5"#/%/""#+,#-+,#-+,#.,/0*/,"5"/>"/'")),#2/%/."'1,;")%./"#1%%'G\"&"'4*#&."H+,#)"4;"#/'*A "#& &

*,@55#G**@6-88%N*%*#(*0P*(**#*,>*P#6%/5,(*0/5-0>8*@H155#,55-0P*@0(*0#-'8)5#0')*#*,@* /5-0>8*@G8@*2G8>*2L%(*@*,8G,%88)/88#@*2*,0*P*(52*,@88#*33'*,0*#*,*33*'0*/*#,0*%8)*,H:*0 (*0 #-'8)5#0')*#*,@* /5-0>8*@G8@*2 >550 G*, @**2-60 /5, **, /5-0*X>*G5bG52-**#@* )#L- /88# @* -*#/'*%8-0*,*,@**2-/5#5P*2dN852-*,*#>*fH188#@50@*/5-0>8*@G5,5>*#(*#,88%#-'8@#5>*#U8#@0W*, @55#@88#88%>*'8G)*,-**#@G8*0U8#@*,WG8*0*#88%**,U,-0@*2,>G8>*2L%>*G55%0U8#@*,d1H@*S#*-W BCDCf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b*@O3** -*#/'*%8-0*,G*0(8@*H10%8G0/88#,5G*2L%8G@5088%@0**,,*6UG8@*2P*0#*30@***,>#80*G)5'0(**30 8)@*P*@#L3-/8*#,>/5,@*5'08#*,H_8G8*0*,8,@*#5,@*#*@*dP*-055,@*f,%88)O*,8,@*#(86@-'8,0#5'0*, U8#@*,8G>*N*0,55#**,-0650*@*)5--*,@-/88#@0G8@*2*,U55#PL88%>5#5,0*-/5,60@*8,@*#(86@-O 832*/*#,>-)5#0LU8#@*,>*>*/*,H1*dP*-055,@*f(66#8/*#**,%8G-0*,G8*0*,*/*,**,-U8#@*,8G>*N*0*, U55#,88%#*%*,,>G8*0U8#@*,>*(86@*,G*0**,@*#>*2L%G8@*2H",(*0N*23@*>*2@0/88#(*08GN*00*,/5, dp*-055,@*f P*(**#8/*#**,%8G-0*,H +80-280 - @* #-'8/*#@*2,> 06--*, /*#(66#@*#W (66#@*# *, /5-0>8*@G5,5>*#/5,*--*,0**2P*25,>8G@55#250*#>**,@-'6--*8/*#0*%#L>*,d1H@*S#*-WBCDCfH155#, G8*08,@*#5,@*#*@6@*2L%U8#@*,/5-0>*2*>@(8*G*,8GG8*0>55,G*02**>-055,@*6,0-*,X83**, 3522--*G*,0/5,(66#@*#-H155#,55-0NL,)5#0L*,P*25,>(*PP*,@*,(6/*#>/88#@*,#'(0,>*,%U520*0/5, @*/5-0>8*@G5,5>*G*,08#>5,-50*HS88#@50(*0-7-0**GN52U8#@*,>*G)2*G*,0**#@G8*0**#-0U8#@*, >*%*%*,,55#@*G)2*G*,050*P,,*,@*8#>5,-50*H M"*)#"..". 1*>#880-0*NU5%(*@*,N00*,/88#,5G*2L%,(*0%#L>*,/5,/*#U5##,>@88#G)2*G*,050*/5,G**#@*#* -7-0*G*,H108,0-0550G8G*,0**252*,@55#8G-(*0/5,P*25,>8G,N'(0*2L%0*(*PP*,U50@*/88#O*,,5@*2*,/5,@*/*#-'(22*,@*-*#/'*%8-0*,-7-0*G*,NL,H155#,55-0-*#/88#@*-*#/'*%8-0*,,8>U*,> L6#@-'(*/*#5,0U88#@*2L%(*@*,8,@*#P86U,>G*0P*0#*%%,>080(*0@*2*,/5,#-'8[-H10N52WN*%*#U5,,**# G*,G*0@0G8@*255,@*-25>>550W@6@*2L%*,60>*P#*@/5-0>*2*>@G8*0*,U8#@*,8GN8@*#-'8[-*, /*#5,0U88#@*2L%(*@*,/88#*2%*)5#0L/5-00*2*>>*,HM8%(**30@*/*#(66#@*#G*0@*N*#-'8)5#0')*#*,@* -*#/'*%8-0*,G*0(8@*,*0 G**# 522*-, *>*, (5,@W G55# P2L30 (L U*2 **, #-'8@#5>*#H :*0 @0 #-'8)5#0')*#*,@*G8@*2-**,(8>*%U520*0*,>8*@*U*#%,>/5,**,/5-0>8*@G5,5>*#*--*,0**28G, *@*#>*/52NL,#-'8[-0*P*)*#%*,d1H@*S#*-WBCDCfH155#,55-0G8*0@0G8@*2/88#@*2*,8)2*/*#*,/88#522* )5#0L*,W5,@*#-N52@0G8@*2,*0>*G)2*G*,0**#@U8#@*,,@*G5#%0H "#0,/""#("//,#2%5/")%5"#/%/""#+,#-+,#-+,#.,/0*/,"5"/>"/'")),#2/%/."'1,;")%./"#1%%'G\"&"'4*#&."H+,#)"4;"#/'*A "#& &

5. STANDAARD SERVICEKOSTENAFREKENING MET STANDAARD KOSTENPOSTEN INCLUSIEF KWALITEITSMETING MG@*)#8P2*G50*%G*0P*0#*%%,>080@*-*#/'*%8-0*,8)0*28--*,W0*N8#>*,/88#G**#0#5,-)5#5,0**, 6,38#G0*0-,@08,@*#N8*%,55#/8#*,>*%8G*,@50*#**,-05,@55#@-*#/'*%8-0*,53#*%*,,>@*,00* U8#@*,8)>*-0*2@WU55#55,)5#0L*,N'(%6,,*,(86@*,*,@*0*/*,-**,PL@#5>*P*@055,**,0#5,-)5#5,0*# -*#/*%8-0*,)#8'*-H:*@*,55#(*0/88#P**2@/5,@*-05,@55#@53#*%*,,>/5,@*;\Q&dBCDJfW-(*#8,@*#**, **#-0*55,N*0*,/88#P**2@53#*%*,,>8)>*-0*2@F =(&7#+(:0)8(.*2&(:(.#.dK V55G(66#@*#F 9@#*-F \,>5,>-@506G'8,0#5'0F 95,052>*(66#@*GB[-F 95,052(*#2*@*GB[-F RLN8,@*#(*@*,F CKU*.*(>(.8/0.-(&50%1#.7(&(#)83 e0)8(. J(&08#. DHQ*,0#6GG5,5>*G*,0 G5,5>*G*,0/*#>8*@,>*, BH9@G,-0#50*/*#>8*@,> 5@G,-0#50*-*#/'*%8-0*,53#*%*,,> jh=62)g@@*2*,/88#'*,0#6gg5,5>*g*,0 #*'*)08,-0*X(6-G**-0*# )*#-8,**2d-0533f /88#N*,,>*,d0*2*388,W)8-0W*0'f JH S*>(*@*,8G>*/,> m*6#g*#%/*2>8,@*#,*g*, ;-'8,/*,5#-50*'*,0#6GX>*P*@ &6P080552 JK?%8)\700&f#(.#.(./0.-(&50%1#.7(&(#)83 e0)8(. J(&08#. EH "2*%0#'0*0 "2*%0#'0*0-%8-0*, ",*>*'8,0#5'0G5,5>*G*,0 92>*G*,**2*%0#5 KH?5-?5-/*#P#6%%8-0*,?5-'8,0#5'0G5,5>*G*,0 ih h5#g0*2*/*#,> /*#P#6%-%8-0*, ]H h50*# h50*#/*#p#6% d;*,>,>-f(*33,>*, &6P080552 ]Kg=028h)(&7#+()/0.-(&50%1#.7(&(#)83 e0)8(. J(&08#. ph R*/*2>,> P*/*2>,> P*/*2>,>--7-0*G*, DCH &'(88,G55%*,8G>*/,> &'(88,G55%P,,*, &'(88,G55%P60*,?25N*,U5--*, =7>*,*X082*00*, 93/52/*#U*#%,> M,>*@*#0*P*-0#L@,> 1*'8#50*X55,%2*@,> "#0,/""#("//,#2%5/")%5"#/%/""#+,#-+,#-+,#.,/0*/,"5"/>"/'")),#2/%/."'1,;")%./"#1%%'G\"&"'4*#&."H+,#)"4;"#/'*A "& &

DDH &6P080552?#8*,/88#N8*,,>*,P,,*,?#8*,/88#N*,,>*,P60*,?25@(*@-P*-0#*@,>?*/*2#*,>,> :5#%*0,><)#8G80*d,@*,>**,)#8G80*%8-0*,f :5#%*0,>*,)#8G80*%8-0*, QKgN*&-(h)(&7#+()/0.-(&50%1#.7(&(#)83 e0)8(. J(&08#. DBH :*'(5,-'(**,*2*%0#-'(*,-052250*- h<"8,@*#(86@-'8,0#5'0*, h<",'@*,0*2*%8-0*, h<",-)*'0*-*,%*6#,>*, S*2>(*@-7-0*G*,8,@*#(86@-'8,0#5'0*, S*2>(*@--7-0*G*,,'@*,0*2*%8-0*, DjH g30*,*,#82)5@*, g308,@*#(86@-'8,0#5'0*, g30,'@*,0*2*%8-0*, ;82)5@*,8,@*#(86@-'8,0#5'0*, ;82)5@*,,'@*,0*2*%8-0*, DJH 9608G50-'(*08*>5,>-@*6#*, 8,@*#(86@-'8,0#5'0*,,'@*,0*2*%8-0*, DEH ;*)5#50*-*,8,@*#(86@X,'@*,0*2*%8-0*,Z(5#@*-*#/'*-[ \,0*#,*#*)5#50*-*,8,@*#(86@ "b0*#,*#*)5#50*-*,8,@*#(86@ 1*'8#50*U--2,>*,X2**>-05,@-P*-0'%*#,>?*/*2#*)5#50*-*,8,@*#(86@ T5#%**#)2550-X>5#5>*8,@*#(86@-%8-0*, &6P080552 HK^.:0>)8(. ^.:0>)8(. J(&08#. DKH S88#-'(80(66#@*# P*0552@*/88#-'(800*, DiH ;*,0*,%8G-0*, #*,0*-*#/'*%8-0*,P5,%#*%*,,> D]H M/*#>*,%8G-0*, \,%8G-0*,60@*#@*,W#*'25G*>*2@*,W*0'H &6P080552 "KW(&f(:(&#. e0)8(. J(&08#. DpH M)-052/*#N*%*#,>*, 8)-052/*#N*%*#,> BCH 95,-)#5%*2L%(*@-/*#N*%*#,>*, 55,-)#5%*2L%(*@-/*#N*%*#,> BDH S*#N*%*#,>*,0*>*,0*##8#-G* -)*'52*/*#N*%*#,>0*>*,0*##8#-G* &6P080552 MKJ%#8(.(10.((.0.700&f#(.(%#8*7(. /0.-(&50%1#.7(&(#)83 BBH 95,)5--,>*,2*/*#,>*,*,@*,-0*,X8,@*#(86@ whh BjH ;*-*#/*-*,8)P86U #*-*#/*- &6P080552 408**6:0)8(.Y R+h 408**6*2&(:(.#./#.+6J4A3 e0)8(. J(&08#. C2&(:(.#. ZKKKL\ rhwwo ZKKKL\ J(&08#. ZKKKL\ rhwwo ZKKKL\ "#0,/""#("//,#2%5/")%5"#/%/""#+,#-+,#-+,#.,/0*/,"5"/>"/'")),#2/%/."'1,;")%./"#1%%'G\"&"'4*#&."H+,#)"4;"#/'*A "#& &

Quality Measurement Programma CBRE (vertrouwelijk) 155#,55-0-P,,*,QR;">*%*%*,,55#Z%U520*0-G*0,>*,[/5,@*2*/*#,>*,*,@*,-0*,*,@*)#8L*'0* 8)@*/*#-'(22*,@*>*P86U*,d-)*'3*%@*/88#55,-055,@*%5,088#>*P86U*,W@*T#*G*#T#8)*#0*-f P,,*,@*)8#0*3*622*/5,QR;"HS*#/82>*,-NL,(*#/88#-05,@55#@*,8,0U%%*2@U*2%*,@*N*PL25>* /*#@*#60**,U8#@*,>*N*0H=8*U*2@*N*,**#-0*,-05,0*->*G55%0/88#%5,08#*,WU8#@0@*N*/*#@*# 08*>*-)0-08)U,%*2'*,0#5H MGU22*/5,>*/8*2>**,/*#0#86U*2L%*,38#G50*G5>522*,38#G50*,@*N*PL25>*8G@*#*@*,,*0 8)*,P55#U8#@*,>*)6P2'**#@H "#0,/""#("//,#2%5/")%5"#/%/""#+,#-+,#-+,#.,/0*/,"5"/>"/'")),#2/%/."'1,;")%./"#1%%'G\"&"'4*#&."H+,#)"4;"#/'*A "#& &

6. PLAN VAN AANPAK VOOR HET VERBETEREN VAN DE HUIDIGE LEIDRAAD VOOR SERVICEKOSTEN BIJ WINKELCENTRA IN NEDERLAND S82>*,-(*045'207:5,5>*G*,0:5>5N,*NL,Z-*#/'*%8-0*,06--*,(66#@*#*,/*#(66#@*#8/*#**,>*%8G*, %8-0*,/88#PL%8G*,@*2*/*#,>*,*,@*,-0*,0*,P*(8*/*/5,(*0>*(66#@*W@*@*/*#(66#@*#/*#N8#>0*,55, (66#@*#,#*%*,,>P#*,>0H1*%8-0*,@55#/5,(*PP*,,**#-0*,-05,0*P*0#*%%,>8)>*P86U>*P8,@*,%8-0*, @*/*#(66#@*#G55%0/88#@*(66#@*#H1*,%(*#PL55,%8-0*,/88#@*-'(88,G55%*,P*/*2>,>/5,@* 52>*G*,*#6G0*,W8,@*#(86@55,,-052250*-*,@**,*#>*/88#N*,,>*,H\,@*)#5%0L%P2L%0@50(66#@*#-/**252 -*#/'*%8-0*,O53#*%*,,>*, %#L>*, @* U*,> 0#5,-)5#5,0 NL, *, >**,,N'(0 >*/*, (8* @*N* 080-05,@ - >*%8G*,H"#P*-0550/**28,@6@*2L%(*@8/*#U50-*#/'*%8-0*,)#*'*-NL,*,,V*@*#25,@P*-0550>**,U*0O83 #*>*2>*/,>/88#/5-0>8*@*>*,5#*,*,P*(**#@*#-U55#)#*'*-P*-'(#*/*,-0550U55#NLN'(55,@*,*,0* (86@*,HS88#(66#@*#-NL,@*-*#/'*%8-0*,*'(0*#**,-6P-05,0**2@**2/5,@*L55#2L%-*%8-0*,/88#@* (6-/*-0,>[d4::WBCDEfH\,@*N*PL25>*U8#@0@*2*@#55@/88#-*#/'*%8-0*,PLU,%*2'*,0#5,V*@*#25,@d;V1 *052HWBCCpf60**,>*N*0WU55#,55#,(883@-06%E-/*#U*N*,*,U55#60@*,8@>*'8,'26-*-NL,>*0#8%%*,H S82>*,-(*0=5,@P8*%S5-0>8*@G5,5>*G*,0dS*#G*62*,<h*G5,WBCDCW)HBDBfU8#@*,*#@55#,55-0/L3-05))*,8,@*#-'(*@*,/88#(*0-*#/'*%8-0*,)#8'*-H:*@*,55#@*5,527-*/5,@*;\Q&Q8@*,",>*25,@ dpl25>* ifw @* V"V,8#G DEBBDW @* 2*@#55@ /88# -*#/'*%8-0*,, V*@*#25,@ *, @0 8,@*#N8*% NL, *# 60>5,>-)6,0*,*,**,-05))*,)25,/5,]-05))*,8,0U%%*2@/88#@*2*@#55@/88#-*#/'*%8-0*,BHCF DF60N*00*,/5,%5@*#-*,#5,@/88#U55#@*,n BF,/*,05#-*#*,/5,(*0-*#/'*%8-0*,)#8'*-n jf@*3,*#*,/5,/5-0*%8-0*,)8-0*,n JF/5-02*>>,>/5,P*@#5>*,*,53-)#5%*,,@*(66#8/*#**,%8G-0*,n EF-)*'3*%**-*,55,>55,@*@*-*#/'*%8-0*,53#*%*,,>n KF/5-02*>>*,/5,0*,@*#)#'*@6#*-*,833*#0*0#5L*'0*,dG5#%0'8,38#G0*0fn if8g>55,g*0g5#%00#*,@-*,/*#5,@*#,>*,n ]F3,52-*#*,F/*#%#L>*,/5,0#5,-)5#5,0**,-'(#L/*,/5,@*2*@#55@/88#-*#/'*%8-0*,BHCH =*#,5U8#@*,@*/*#-'(22*,@*-05))*,/*#@*#8G-'(#*/*,*,60>*U*#%0*,NL,88%@*5'0*(86@*#-)*#-05) 08*>*/8*>@H+*/*,-%8G0@55#,5@*5,527-*/5,@*(6@>*2*@#55@/88#-*#/'*%8-0*,55,P8@H &+9TDF.\+_"++"VS9Vm91";&"V;9V1SMM;h99;1"V =*08)-0*22*,/5,**,-05))*,)25,P*>,0G*060N*00*,/5,%5@*#-dS*#G*62*,<h*G5,WBCDCW)HBDBfF M)N*00*,/5,**,6,38#G-*#/'*%8-0*,)#8'*-dP*25,>*,/*#*,>,>*,/5-0>8*@G5,5>*#fF o @*N*G8*0PL522*-05%*(82@*#-P*%*,@NL,*,)5#0L*,G8*0*,N'(*#55,'8,3G*#*, o (*0-P*25,>#L%8G*#%*,,,>*,(*#%*,P55#(*@,@*G5#%00*%#L>*,@88#G@@*2/5,**, /5-0>*-0*2@*,6,38#G)#8'*-G*0**,%*6#G*#%83'*#03'550H?*'*#03'**#@*53#*%*,,>*, @*,*,8G**,)#*'*N**,,56U%*6#>*#*>-0#50*/5,@*%8-0*,0*/*#0*>*,U88#@>*,*, G8*0*,)#83*--8,**2U8#@*,P*(5,@*20H 1*3,**#**,-05,@55#@-*#/'*%8-0*,53#*%*,,>dP*25,>*,/*#*,>,>*,/5-0>8*@G5,5>*#fF o N8#>/88#**,0#5,-)5#5,0*53#*%*,,>HS5,/5-0>8*@G5,5>*#-U8#@0/*#U5'(0@50NL**, @6@*2L%*/*#@*2,>(5,0*#*,@*@*/*#@*2,>/5,*2%*(66#@*#P,,*,(*0'8G)2*b088,0H _8#>/88#**,**,@6@>*8G-'(#L/,>/5,%8-0*,)8-0*,dP*25,>*,/*#*,>,>*,/5-0>8*@G5,5>*#fF o *# G8*0 **, (*2@*#* *, @6@*2L%* 8G-'(#L/,> /5, @* 2*/*#,>*, *, @*,-0*,, @* (66#8/*#**,%8G-0*, U8#@*, 8)>*,8G*, U55#, @* /#L(*@ U8#@0 P*)*#%0 N8@50 @0,*0 N8G55#55,>*)5-0%5,U8#@*,*,(*0520L@@6@*2L%-U55#G*,/88#P*0552@n o (8*U*2@**>*,55#@*53-)#5%*,/88#(55#*>*,@8G%5,55,)5--*,WG8*0*#U*2G*0@* (66#@*#-U8#@*,8/*#2*>@8G0#*,0(*0,/*56*,@*%U520*0/5,@*-*#/'*-*,@*,-0*,n o @*%8-0*,)8-0*,G8*0*,@6@*2L%*,>8*@8,@*#P86U@NL,n o U55#G8>*2L%%5,*,N52**,P*,'(G5#%(*#,60-260-*2>*/*,H _8#>/88#**,@6@*2L%*@*G5#'50*2L-0/5,(*0U,%*2'*,0#6Gd/5-0>8*@G5,5>*#fF o N8#>/88#**,8/*#N'(0/5,@*2*/*#,>*,*,@*,-0*,d-*#/'*%8-0*,G*,6%55#0fH _8#>/88#@6@*2L%*/*#-25>2*>>,>*,U**-8)*,*,0#5,-)5#5,0,d/5-0>8*@G5,5>*#fF o (*055,>55,/5,'8,0#5'0*,n o @88#P*25-0*,/5,@*%8-0*,n o (8*@*/*#@**2-2*60*2*,-0533*2,*2%55#N0n "#0,/""#("//,#2%5/")%5"#/%/""#+,#-+,#-+,#.,/0*/,"5"/>"/'")),#2/%/."'1,;")%./"#1%%'G\"&"'4*#&."H+,#)"4;"#/'*A "#& &

o (8*@*53#*%*,,>080-05,@%8G0n o U50@*0*#GL,/5,53#*%*,*,-n o @*08*2'(0,>*,/*#5,0U88#@,>/5,@*%8-0*,)8-0*,PL@*53#*%*,,>n o @*(*2@*#(*@,@*2*/*#,>*,*,@*,-0*,*,@55#PL(8#*,@*%8-0*,H g*> /5-0 U*2%* G*0(8@* d0#5@08,**2w 3b*@3**W #-'8)5#0')*#*,@G8@*2f U8#@0 >*(5,0**#@ d/5-0>8*@g5,5>*#f o g*>dl6#@-'(f/5-0u*@*%8-0*,@#55>0*,g55%@*@88#p*25-0,>/5,%8-0*,,n'(0*2l%n o g*>/5-0(8*g*,8g>550g*0/*#@**2-2*60*2-w%8#0,>*,w3b*@*,,*03b*@-*#/'*%8-0*,w*0'h 8GN8>*-'(22*,0*/88#%8G*,*,)5#0L*,>**,-'*)0-'(*>*/8*2*,-(*#8/*#%#L>*, :5,5>*#- G8*0*, /*#%25#*, @50 NL N'( '8,3#G*#*, 55, @* 2*@#55@ *, @50 NL 0#5,-)5#5,0 N622*, (5,@*2*,d/5-0>8*@G5,5>*#*,P*25,>*,/*#*,>,>f N<+"7'(,"%O>P8& 8#&"("./*=(,V#1%%'#*5"4,V)&"1*./2%"&5*#*2"'."#>"4*#2"#1"'"#,2,#2"#>"4*#2',V)"#".."#/,""4%5""#2%"&" >*.,.1%%'&"."'1,;")%./"#*<'")"#,#25*)"#A ]**'#**./5%"/"# &"1*./2%"&5*#*2"'. "#1"':00'&"'..*5"# #*&"#)"#%1"'(*)"#*4.:"/1"'.;:*<<"#1*#&0,&"4,V):",&"#/'*#.=*'*#/,"3:"/=*))"/1*#4"1"',#2"#"#&,"#./"# "#:"/%="#>**'5*)"#&**'1*#**#&":00'&"'.A &+9TBF\VS"V+9;\&";"VS9V="+&";S\Q"mM&+"VT;MQ"& Z1*N*-05)P*0#*30(*0,/*,05#-*#*,/5,522*5'0/0*0*,@*P,,*,(*0%5@*#/5,@*-*#/'*%8-0*,53#*%*,,> G8*0*, U8#@*, 60>*/8*#@H 10 - /88#,5G*2L%*2L% 53(5,%*2L% /5, @* 55#@ /5, (*0 8PL*'0 *, @* >*%8N*, G50*#52*,WG55#-88%53(5,%*2L%/5,@*55,U*N>*,-052250*-*,/88#N*,,>*,[dS*#G*62*,<h*G5,WBCDCW )H BDBfH S*#@*# @*,0 *# /88# @* /*#-'(22*,@* 2*/*#,>*, *, @*,-0*,W N852- PL/88#P**2@ -'(88,G55% *, P*/*2>,>W**,@6@*2L%*,>8*@8G-'(#*/*,)25,/5,55,)5%0*U8#@*,8)>*-0*2@H\,@0)25,/5,55,)5%@*,0 88% (*0 %U520*0-,/*56 0* NL, /5-0>*2*>@W (*0>**, @88# G@@*2 /5, mt\[- *, U55# G8>*2L% G*0 @* U,%*2'*,0#6G%U520*0-G8,08#U8#@0/5-0>*-0*2@HM)P5--/5,@*mT\[-@*(*#55,U8#@*,/*#P8,@*,W-(*0 G8>*2L%8G(*0)25,/5,55,)5%/88#@*N*2*/*#,>*,*,@*,-0*,&:9;+d;88N*,P6#><"*%*2-WDpp]f0* G5%*,HM,@*#&:9;+U8#@0/*#-055,d;88N*,P6#><"*%*2-WDpp]fF &)*'3*% o c%'2&*/&"",2"#.;:*=="#1*#&"2"+"#./".,/0*/,"#*0+)"0',2(,v#%5.;:'"1"#ac%5%"/>,v >,V1%%'>""4&.;:%%#5**)""#&0,&"4,V)+"')='%2'*55*5"/>"=**4&"^J8N.1*./4,22"#A :**0P55# o c%'2&*/"'%=""#&0,&"4,v)""#%=""#(%%>v";/,"<5%2"4,v)"5*#,"'+%'&/2")")"##**'&" 2"4"1"'&"."'1,;"."#&,"#./"#"#&"("%>V";/,"<+%'&"#2"5"/"#A 9''*)05P*2 o c%'2&*/:"/2"+"#./")+*4,/",/.#,1"*0,.1*./2"4"2&"#&*/=*'/,v"#:"/:,"'%1"'""#.(,v#a]%" &,/>,V1%%'>""4&,#""#*42"5"#"4"&"#1"'2*&"',#235"/&"+,#)"4,"'.1"'"#,2,#2%<&%%'5,&&"4 1*#""#"#L0"/"%#&"'&":00'&"'."#4"2&**',#:"/2"+"#./"#,1"*01*./A ;*52-0-'( o c%'2"'1%%'&*/:"/:**4>**',.+*/v"*<.='"")/"#&*/"'""#2%"&"3""'4,v)""#5*')/;%#<%'5" =',V.+%'&/>"/**4&A +L@>*P8,@*, o c%'2&*/&"."'1,;")%./"#*<'")"#,#2%=/,v&+%'&/*<2"'")"#&3>,##"#&"2"./"4&"/"'5,v#ac%'2 "'&0.1%%'&*/*4.&,"/"'5,V#./**/%=j5**#&"##**<4%%=1*#:"/V**'3&"."'1,;")%./"#&*# %%)";:/%=&*/5%5"#/(,V#*<2"'")"#&Ac%'2>%1"#&,"#1%%'""#/0.."#/,V&."0=&*/"="' )+*'/**4%5#*/"2**#%<:"/#%2,#4,V#,.5"/&">"2'%/,#2A N<+"7'(,"%O>P8& ]"*;/,":%0&'.:,"',#(,V#1%%'#*5"4,V)&">"4*#2"#1"'"#,2,#2"#&,"5"/"4)**'5%"/"#+"')"#**#""#./*#&**'& 5"/&0,&"4,V)"*<.='*)"#"#+**',#)+*4,/",/.5"/,#2"#+%'&"#5""2"#%5"#G(%*4.>,V1%%'>""4&&"+,#)"4;"#/'05 )+*4,/",/.5%#,/%'HA "# &"'2"4,V),#./'05"#/ 5%"/ %%) 1%%' &"."'1,;")%./"# +%'&"# %#/+,))"4& +**'5"" &" 2"+"#./")+*4,/",/)*#+%'&"#>"=**4&"#+**'1"'1%42"#.%%)',;:/=',V("#**#2")%=="4&5%"/"#+%'&"#A &+9TjF1"4\V\";"VS9VS9&+"mM&+"VTM&+"V Z=*0-P*25,>#L%@50*#U8#@0>*%*%*,U*2%*%8-0*,-88#0*,*,%8-0*,)8-0*,*#NL,8)@*53#*%*,,>*,(8*@*N* /*#@**20 U8#@*, 8/*# G**#@*#* %8-0*,@#5>*#-H "# G8*0 **, >*-05,@55#@-**#@* P*>#80,> %8G*, /88# @* -*#/'*%8-0*, N8@50 *# G**# 6,38#G0*0 8,0-0550 *, G8*0*, *# /5-0* %8-0*,)8-0*, U8#@*, >*@*3,**#@H "#0,/""#("//,#2%5/")%5"#/%/""#+,#-+,#-+,#.,/0*/,"5"/>"/'")),#2/%/."'1,;")%./"#1%%'G\"&"'4*#&."H+,#)"4;"#/'*A ""& &

&*#/'*%8-0*, P2L%*, -8G- 25-0> 0* /88#-)*22*,W @*,% 55, *,*#>*%8-0*, *, @*#>*2L%*H _*%*# PL,*6U* 8,0U%%*2,>*,NL,@*%8-0*,25-0>0*/88#-)*22*,H155#,55-0G8*0-'(*#)8)(*0>*P#6%/5,(*0U,%*2'*,0#6G U8#@*,>*2*0H"*,P*25,>#L%55,@5'(0-)6,0-@50/55%**,8,0U%%*255#**,0*#88-%2*6#>P**2@-'(*0-0/5,@* -*#/'*%8-0*,)*#GB55,(*0P*>,/5,**,8,0U%%*2,>*,@50(*#/88#/55%PL55,/5,>/5,@**b)28050**#52 -)#5%*-/5,**,-'(*/*/*#(86@,>/5,@*%8-0*,*,*,@53#*%*,,>[dS*#G*62*,<h*G5,WBCDCW)HBDjfH N<+"7'(,"%O>P8& Z%%'&"("./*=(,V#1%%'#*5"4,V)&">"4*#2"#1"'"#,2,#2"#"#1*./2%"&5*#*2"'.1"'*#/+%%'&"4,V)AY"/,.>"4*#2',V) &*/&">"4*#2"#1"'"#,2,#2"#2"(*5"#4,V)""#./*#&**'&."'1,;")%./"#*<'")"#,#23(%*4.%=2"#%5"#,#>,V4*2"l1*# &,/%#&"'(%")3%=./"44"#A]**'#**./5%"/&"1*./2%"&5*#*2"'"#1"':00'&"'>,V%#/+,))"4,#2"#&"."'1,;")%./"# #,1"*0.;%#/'%4"'"#"#*#*49."'"#%5/"1%%')%5"#&*/5"#4*/"'1%%'1"''*..,#2"#)%5//"./**#A &+9TJFS9&+g"??\V?S9VR"1;9?"V"V94&T;9m"V\V1"=..;MS";""VmM:&+"V Zh5,,**#(66#@*#-PL@*8,@*#0*%*,,>/5,@*(66#8/*#**,%8G-0(*0-*#/'*%8-0*,,/*56)*#GB(*PP*, >*5''*)0**#@W@5,%6,,*,8)P5--@55#/5,@*/88#-'(800*,55,@*(66#@*#-U8#@*,>*35'06#**#@HS*#/82>*,- @*,*,@*N*/88#-'(800*,,2L,0*NL,G*0@*P*>#80,>8G/*##5--,>*,PL@*53#*%*,,>0*/88#%8G*,H:8'(0 (*0N8NL,@50@*P*>#80,>,*0,2L,2>0G*0@*d/*#U5'(0*f53#*%*,,>W@5,@*,*,@*(66#@*#-(*#/5,0L@> 8)@*(88>0*0*U8#@*,>*-0*2@*,G8*0(*0G8>*2L%NL,8G@*/88#-'(800*,,55#P8/*,83P*,*@*,PL0* -0*22*,HR8/*,@*,G8*0*,*#P*)552@*mT\[-8353-)#5%*,U8#@*,>*G55%08G0#*,0@*G5bG52*53UL%,>0*, 55,N*,/5,@*P*>#80,>*,@*U*#%*2L%*53#*%*,,>H:*,%5,PL/88#P**2@53-)#*%*,@50@*P*>#80,>,*0G**# @5,DCcG5>53UL%*,/5,@*53#*%*,,>H\,@*,@50U*2(*0>*/52-N52@*/5-0>8*@G5,5>*#83/*#(66#@*#@*N* *b0#5%8-0*,/88#nl,#*%*,,>g8*0*,,*g*,h102*/*#0g**#n*%*#(*@8)/88#@*(66#@*#*,n8#>00*/*,- /88#G**#P*U6-0NL,*,)#*'-*PL@*/5-0>8*@G5,5>*#*,/*#(66#@*#[dS*#G*62*,<h*G5,WBCDCW)HBDjfH N<+"7'(,"%O>P8& Y,"',#4,2/&"*;/,"1%%'#*5"4,V)>,V&"1*./2%"&5*#*2"'AY,V5%"/(%'2"#1%%'&0,&"4,V)""#V0,./"%#&"'>%0+,#21*# &"."'1,;")%./"#"#&"("%=""#V0,./"5*#,"'5*#*2"#"#%#&"';%#/'%4":%0&"#AY"/,.&"/**)1*#&":00'&"'%5 &")%./"#/";%#/'%4"'"#"#,#&,"##%&,2"#2"+"#./&%%':"/V**':""#&"0=&*/".1*#0,/&"1*./2%"&5*#*2"'%= /"1'*2"#"#/";%#/'%4"'"#A]**'#**./5%"/&"1*./2%"&5*#*"'"4)V**'""#>"2'%/,#21*././"44"#A &+9TEF&T"Q\4\"m""\&"V99V?99V1"1"&";S\Q"mM&+"V94;"m"V\V? M)@*-*#/'*%8-0*,53#*%*,,>NL,@*@55@U*#%*2L%>*G55%0*%8-0*,/*#G*2@52-88%@*%8-0*,@*/88#@* -)*'3*%*W,@/@6*2*(66#@*#>*2@*,H95,(*0*,@*/5,(*0L55#N52@*P525,-U8#@*,8)>*G55%0*,@*,0*#N8 -)8*@>52-G8>*2L%0*U8#@*,53>*#*%*,@H"*,>8*@*0*#GL,N86NL,8GP,,*,j080G5b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bG52-**#@*833b*@3**-*#/'*%8-0*,(*PP*,H N<+"7'(,"%O>P8& ]"1*./2%"&5*#*2"',.1"'*#/+%%'&"4,V)1%%':"//,V&,2"#;%''";/*<'")"#"#1*#&"."'1,;")%./"##**'&":00'&"' "#1"':00'&"'"#&**'#**./%5/"(%'2"#1%%'""#&0,&"4,V)""#/'*#.=*'*#/"1"'&""4.4"0/"4%5&,.;0..,"./" 1%%')%5"#A ]" >"4*#2"#1"'"#,2,#2"# (,V# 1"'*#/+%%'&"4,V) 1%%' :"/ 1*./4"22"# 1*# &" *<.='*)"# %5/'"#/ *<'")"#/"'5,V#"#G0,/"'4,V)>,##"#j5**#&"##**<4%%=1*#:"/V**'H"#%5:,"'.*#;/,".%=/"4"22"#.*5"#5"/&" 1"':00'&"'A]**'#**./5%"/#*2"&*;:/+%'&"#%1"'&"1"'2%"&,#21*#&"1*./2%"&5*#*2"'A &+9TKFS9&+g"??"VS9V+"V1";T;Q"1.;"&"VM44";+"+;9A"Q+"Vd:9;m+QMV4M;:\+"\+f S88#P*)552@*U*#%N55G(*@*,WN852-8,@*#(86@*,'8,0#82*/5,@*-)#,%2*#,-052250*W-@*%*6N*,55,P*@*#- 832*/*#5,'*#-P*)*#%0/5,U*>*(*0-)*'52-0-'(*%5#5%0*#*#/5,HS55%%6,,*,0U**83@#*833*#0*-(*#PL /82-055,H?550 (*0 *'(0*# 8G >#80* P*@#5>*, *, 60>*P#*@* U*#%N55G(*@*,W @5, %5, G*, U*#%*, G*0 G**#@*#*833*#0*-W83**,0*,@*#60-'(#L/*,U55#PL60*,@*2L%U8#@0>*%8N*,/88#@*)5#0L@*(*0@'(0-0, @*P66#0%8G0/5,@*8)>*-0*2@*mT\[-,(*0)25,/5,55,)5%dS*#G*62*,<h*G5,WBCDCW)HBDjfH10>*2@0 PL/88#P**2@ /88# -'(88,G55% *, P*/*2>,>-'8,0#5'0*,H 1*N* mt\[- %6,,*, 60>*P#*@ U8#@*, G*0 @* %U520*0-G*0(8@*-*,@*N*%6,,*,U8#@*,8,@*#P86U@G*0@*U,%*2'*,0#6G%U520*0-G8,08#83@*QR;"?28P52T#*G*#T#8)*#0*-5,527-*dPL25>*BfH "#0,/""#("//,#2%5/")%5"#/%/""#+,#-+,#-+,#.,/0*/,"5"/>"/'")),#2/%/."'1,;")%./"#1%%'G\"&"'4*#&."H+,#)"4;"#/'*A "#& &

N<+"7'(,"%O>P8& Z%%'#*5"4,V) &" 1*./2%"&5*#*2"',. 1"'*#/+%%'&"4,V) 1%%' &" /"#&"' ='%;"&0'". "# &" %#&"':%0&- "# <*;,4,/9=*'/#"'.A]**'#**./),V)/&"1"':00'&"'5""#**'&">"/**4&"=',V("#A;:/"'(044"#&"("+"')(**5:"&"# 5%"/"#+%'&"#1*./2"./"4&"#+%'&"#2"5%#,/%'&**#&":*#&1*#>"=**4&"^J8N."#5%"/"#&"(";%#/'*;/"# >,V1%%'>""4&%5&"TV**'+%'&"#:"'(,"#%5&"("5*')/;%#<%'5/":%0&"#AY,"'5%"/"#&">"4*#2"#1"'"#,2,#2"# 1%%'+**'&"#1%%'%=./"44"#%5&"("5*')/;%#<%'5,/",//"+**'>%'2"#A &+9TiFM:?99V:"+:9;m++;"V1&"VS";9V1";\V?"V ]00'(**5:",& 1*;\Q&dBCDJf-0*20#'(02L,*,8)/88#(8*G*,8GG8*0>55,G*0@66#N55G(*@*,@*G8>*2L%**b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k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d-8'52*f-5G*,2*/,>*,(*0P*@#L3-2*/*,H155#,55-0-@88#@* -0**@-/*#@*#>55,@*8,0U%%*2,>*,0*'(,828>*88%@*37-*%*U*#*2@**,BJO66#-*'8,8G*>*U8#@*,*, -0550,0*#,*0'*,0#552H=*#@88#-)*2*,0L@W53-05,@*,28'50*>**,#82G**#dS5,&8*-0WBCDJfW*,-@0/5,,/28*@8)@*-*#/'*%8-0*,HM8%8,0-055,-0**@-G**#,050*/*,8G@*37-*%*U,%*20*%8))*2*,G*0@* @>052* U,%*2 d'#8--o'(5,,*2 -(8)),>f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

d>*p*@-f*/*,*g*,0*,u8#@*,p*%8-0>@h=*0-/**252**,/5-0*pl@#5>*@*@*(66#@*#,55-0nl,(66#)#l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h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h*2N86**,G8>*2L%*-05,@55#@P5--55,2*/*#,>*,*,@*,-0*,55,>*P8@*, %6,,*,U8#@*,W*,@50(66#@*#-N*23-)*'3*%%*N*,/88#*b0#5@*,-0*,52-)*#-88,2L%*P*/*2>,>Wh4W 53(552)6,0*,W-'(88,G55%W%,@*#35'20*0*,W*,@*#>*2L%*H1*N*%6,,*,88%,@/@6**255,@*(66#@*#-, #*%*,,>U8#@*,>*P#5'(0Hh5,,**#*#U8#@0>*N8'(0,55#@*08*>*/8*>@*%U520*0/5,@*-*#/'*%8-0*,W-(*0 P*@*,83(*PP*,/5,%*6N*/#L(*@**,,0*#*--5,0*-05)` N<+"7'(,"%O>P8& Z%%'*4&"1*./2%"&5*#*2"'5%"/,#.*5"#.='**)5"/&"1"':00'&"'&"'2"4,V)""D/'*&,"#./"#**#>,"&"#**#&" :00'&"'.*4.&**'1'**2#**',."#:"/+,#)"4;"#/'05:"//%"4**/A]**'#**./,.:"/1*#2'%%/>"4*#2&*/&" *<'")"#,#2:"4&"'"#&0,&"4,V)&"(""D/'*)%./"#%5.;:',V</"#&%%'>"4*./**#&",#&,1,&0"4":00'&"'.3(%&*/*#&"'" :00'&"'.:,"'#,"/&"&0="1*#+%'&"#A &+9T]F4\V9g\&";"VF:"";+;9V&T9;9V+\""V&Q=;\AS"VS9V1"g"\1;991SMM;&";S\Q"m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dS*#G*62*,<h*G5,WBCDCW)HBDjfH 15,N52*#/**2G**#0#5,-)5#5,0**,6,38#G0*0U8#@*,>*'#***#@,(*0-*#/'*%8-0*,)#8'*-*,N52*#G,@*# @-'6--**,3#6-0#50*8,-055,PL@*(66#@*#-*,5,@*#*5'08#*,H"*,*#%*,@Z%*6#G*#%[%5,@55#,55-055,>*/*, @50G*,0#5,-)5#5,0G*0@*-*#/'*%8-0*,8G>550*,G*,@*2*@#55@/88#-*#/'*%8-0*,(5,0**#0H "#0,/""#("//,#2%5/")%5"#/%/""#+,#-+,#-+,#.,/0*/,"5"/>"/'")),#2/%/."'1,;")%./"#1%%'G\"&"'4*#&."H+,#)"4;"#/'*A "#& &

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lSSR 1*V"VDEBBD>55060>*P#*@,8)@*35'205#*@*,-0*,*,-*#/'*%8-0*,H188#@*N*,8#G%5,G*,P*0*# -06#*,8)@*%8-0*,*,@*%U520*0/5,@*35'205#*@*,-0*,H1*N*,8#GP*-055060dV"VWBCDjfF V"VO"VDEBBDODF>**30@*0*#G*,*,@*3,0*-@*-)*2*,P,,*,45'207G5,5>*G*,0n V"VO"VDEBBDOBF>**30**,2*@#55@/88#(*08)-0*22*,/5,8/*#**,%8G-0*,n V"VO"VDEBBDOjFP*/50**,2*@#55@/88#(*0G*0*,/5,%U520*0/5,@*,-0*,*,)#8@6'0*,n V"VO"VDEBBDOJF(**30@*38'6-8)(*0**,@6@>,@*2*,*,#*>-0#*#*,/5,%8-0*,d/*#/5,>0V"VBiJ]f V"VO"VDEBBDOEF(*2)08G@*8,0U%%*2,>/5,@/*#-*35'205#*)#8'*--*,0*8,@*#-0*6,*,n V"VO"VDEBBDOKFP*-'(#L30@*G*0(8@*8G,(86@*,/5,>*P86U*,8)6,38#G*ULN*0*G*0*,d2*0 U*2n@0->**,/*#/5,>,>/5,@*V"VBE]Cfn V"VO"VDEBBDOiF>**30#'(02L,*,/88#(*0P*,'(G5#%*,/5,)#*-050*-*,%8-0*,H \,@*N*,8#GNL,**,55,052(5,@/500*,>*'#**#@U*2%*88%NL,G**>*,8G*,,@***#-0*2*@#55@/88# -*#/'*%8-0*,*,U*2%*0*/*,-/88#@*(*#N*,*2*@#55@BHCP*25,>#L%NL,H"'(0*#NL,@*V"VO,8#G*#,>*, @6-@5,>60>*P#*@*,P#**@08*>*)5-08)35'207G5,5>*G*,0@50@0/**2/*#@*#>550@5,-*#/'*%8-0*,H1*N*,8#GU8#@0,0*#,508,552*#%*,0*,@*V"VDEBBD#'(0N'(8)P*)552@*5-)*'0*,WN852-@*3,0*-W(*0G*0*, /5,%U520*0W#*>-0#50*/5,%8-0*,d)8-0*,f*,(*08)-0*22*,/5,#'(02L,*,/88#P*,'(G5#%,>dV"VWBCDjfH S88#,5G*2L% 8) (*0 >*P*@ /5, )#*-050*- P*,'(G5#%*, >**30 @* V"VDEBBDOi @6@*2L%* (5,@/500*, *, #'(02L,*,H1*V"VDEBBDOB*,jP*@*,@55#,55-0/88#52(*2@*#(*@*,@6@*2L%(*@,(*0/5-02*>>*,/5, 53-)#5%*, *, 5@/*N*, 0*# /88#%8G,> /5, >*-'(22*,H 1* DEBBDOE P*@ 35'205#* 8#>5,-50*-, "6#8)5 (5,@/500*,8G@*8#>5,-50*8)@/*#-*,/*56-8)@*N*23@*G5,*#0*@*3,v#*,*,5@G,-0#50*3,0*#'(0*, *, P*@0 @6@*2L%* (5,@/50*, /88# (*0 /*#P*0*#*, /5, )#8'*--*, 8) /*#-'(22*,@* dg5,5>*g*,0f,/*56[-h m8#08gw@*v"vdeobbdp*@#55gu*#%*,/88#@/*#-*5-)*'0*,wn852-(*08)-0*22*,/5,&g9[-wmt\[-w%u520*0o*, )#8'*-G5,5>*G*,0Z*,(*0->8*@8G@052-P5--G**0*,*G*,/88#@*g*@#55@BHCdV"VWBCDjfH N<+"7'(,"%O>P8& Y"/,.1%%'#*5"4,V)**#&">"4*#2"#1"'"#,2,#2"#%5&";%5=%#"#/"#&,"1*#/%"=*..,#2"#(,V#%=&"."'1,;")%./"#3 (%*4.&"\\-\RlSSR-R3-S3-T3-b"#-q3/",5=4"5"#/"'"#,#&"4",&'**&1%%'."'1,;")%./"#SAa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t X"4*#2"#1"'"#,2,#2"#? ]">"4*#2"#1"'"#,2,#2"#:">>"#1%%'*4*4.2'%/"/**)%5&"%1"')%"="4"#&"(*)"#%=/"=*))"#"#*</"./"55"#3(%*4.:"/<%'504"'"#1*#""#4",&'**&SAa"#:"/**#=*.."#"#1"'=4,;:/./"44"#1*#&"("4",&'**&,# :00'%1"'""#)%5./"#3%=./"44"#1*#)+*4,/",/.5"/,#2"#30,/2"1"#1*#;"'/,<,;"',#2"#"#)"0'5"')"#3%=./"44"#1*# ""#./*#&**'&*<'")"#,#2"#)%./"#=%./"#3"#&"'2"4,V)"A "#0,/""#("//,#2%5/")%5"#/%/""#+,#-+,#-+,#.,/0*/,"5"/>"/'")),#2/%/."'1,;")%./"#1%%'G\"&"'4*#&."H+,#)"4;"#/'*A "#& &

C?CO`=HOH^QFCCQWBBF=HFW^]HeB=4H? \,@*(*#,5/82>*,@*05P*2-@*(6@>*2*@#55@/88#-*#/'*%8-0*,>*5,527-**#@*,NL,60>5,>-)6,0*,/88#@* 2*@#55@/88#BHC8)>*,8G*,H1*N*P*0#*33*,/88#,5G*2L%**,55,/622,>*,60P#*@,>8)@*(6@>*2*@#55@ *,-8)>*-0*2@55,@*(5,@/5,@*;\Q&Q8@*83T#5'0'*d;\Q&WBCDJf*,V"VDEBBDdV"VWBCDjfF C.*6D)(6(#-&**-700&)(&7#+(:0)8(.5#G1#.:(6+(.8&* &0*22,>,5G*,@*(6@>*g*@#55@d;V1*052HWBCCpf.0>5,>-)6,0*,55,/622,>/88#@*g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d;V1fW @* @*,-0*, - G**>*,8G*,, @* -)*'3*%* 53-)#5%*,H m8-0*, @* S*#*,>,> /5, \,-00608,*2* R*2*>>*#-, S5-0>8*@W V*@*#25,@ d\srvf *, /88#0/28**,60(*055,P*@*,/5,2*/*#,>*,*,@*,-0*,WU8#@0@88#@* S5-0>8*@G5,5>*G*,0V*@*#25,@dS?:f(*PP*,(*0,050*3>*,8G*,8G G5,5>*# >*3,5,'*#@ G*0 >*2@ /5, @* (66#@*#-H S5, G5,5>*#- U8#@0 8)P5--/5,**,55,05260>5,>-)6,0*,@*N*2*@#55@/8#G0*>*/*,H1*N* @55#8G /*#U5'(0 @50 NL **, (8>* G50* /5, P*%U55G(*@ 08,*,W 2*@#55@-P*@8*2@52-/88#P**2@/88#N8/**2G8>*2L%P*0#8%%*,)5#0L*,, )#83*--8,**2W,0*>*#WN8#>/62@>W8PL*'0*3*,0#5,-)5#5,0NL,,(*08G>55, @*U,%*2/5-0>8*@G5#%0H+L@*,-@*8/*#2*>>*,06--*,@*>*,8*G@*)5#0L*, G*0 @* %8-0*, *, -*#/'*%8-0*,53#*%*,,>*,H 1* G5,5>*# N52 @5, 88% ->*'8,-050**#@@50(*0/5,P*25,>-@50*#@6@*2L%U8#@0>*'8GG6,'**#@ 0#5'(0*, *#/88# 0* N8#>*, @50 522* %8-0*, @* NL, >*G55%0 L6-0 *, 8/*# @* -*#/'*%8-0*, 06--*, /*#(66#@*#- *, P*(**#@*#- *,*#NL@- *, 8/*#**,%8G-0>@*(66#8/*#**,%8G-0*,@55#,/*#)2'(0>*-0*2@*2*@#55@ (66#@*#-5,@*#NL@-H U8#@*,@88#P*25-0H =*0,-0*22*, /5, **, -*#/'*%8-0*,'8GG--* 05-0,*0 @* 38#G*2* #*'(0->*2@>*53-)#5%*,06--*,(66#@*#*,/*#(66#@*#55,WN852-@*NL, /5-0>*2*>@,@*P*-055,@*(66#8/*#**,%8G-0*,H1*N*P2L/*,8,/*#%8#0/5, 08*)5--,>HM8%%5,**,,@/@6*2*(66#@*#P*NU55#G5%*,0*>*,**,,@/@6*2* 53#*%*,,>H 1* -*#/'*%8-0*,'8GG--* N52,55# /*#U5'(0,> *'(0*#36,>*#*,52-**,P633*#(*#/88#HV55-0@*-*#/'*%8-0*,O'8GG--* U8#@0,@*N*2*@#55@88%>*U*N*,8)(*0P*25,>/5,**,@6@*2L%**, N'(0P5#*/*#@**2-2*60*2*,**,@6@>(*@8/*#U*2%*%8-0*,U*2*,,*0080 -*#/'*%8-0*,P*(8#*,H_8@*,*,*>*,55#-25-0*,,*0/5@*-*#/'*%8-0*, 53>*U*,0*2@0*U8#@*,8)(66#@*#-W*,)#8G80*%8-0*,,*0/*#G*,>@0* U8#@*,G*0-*#/'*%8-0*,H 95,>*N*,@*2*@#55@N'(#'(08),*6U*-0650*-W-@*N*/88#>*2*>@55, @*V"T;M:H1*;V1W\SRV*,S5-0>8*@G5,5>*G*,0V*@*#25,@/,@*,@50 **,/*#(66#@*#,@*)#*'8,0#5'06*2*35-*d/55%@*)#8L*'08,0U%%*255#f/5, **, (66#8,@*#(5,@*2,>-)#8'*-,N5>* G8*0 P*@*,, **, #*v2*w 8,@*#P86U@*@88##*%*,,>/5,@*-*#/'*%8-0*,/5,(*0U,%*2'*,0#6GH _#8*.)<%.8(.Y.0>5,>-)6,0*,0*,55,N*,/5,@*ULN*U55#8)(66#@*#-W/*#(66#@*#-*, /5-0>8*@G5,5>*#-, @* )#5%0L% G*0 @* 60/8*#,> /5, (*0 8,@*#U*#) -*#/'*%8-0*,N86@*,G8*0*,8G>55,NL,F ^**,)#83*--8,*2*60/8*#,>/5,2*/*#,>/5,N5%*,*,@*,-0*,G*052- @8*2 8)0G52-*#,> /5, (*0 36,'08,*#*, /5, U,%*2'*,0#5n **, %8-0*,*33'v,0* U*#%ULN* d)5#0l*, -0#*/*,,55# (*0 /88#%8G*, /5, 8,,8@>*%8-0*,fH ^8)*,(*@*,0#5,-)5#5,0*n**,**#2L%*/*#@*2,>/5,@*-*#/'*%8-0*, 06--*,@*(66#@*#-dP*-055,@*'8,0#5'06*2*53-)#5%*,06--*,/*#(66#@*#*, (66#@*#U8#@*,,@50%5@*#>*#*-)*'0**#@fH ^ **, **,@6@>* @*3,v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r DECHCCCW^ *b'26-*3 P0U )*# L55#H S*#(66#@*#-X /5-0>8*@G5,5>*#- U22*, @50 (66#@*#- >*N5G*,2L%**,/*#0*>*,U88#@>*#55,ULN*,,@*-*#/'*%8-0*,'8GG--*W {=66#@*#-/5,'8GG*#'**2/5-0>8*@%6,,*,,*083,56U*2L%-#*%*,*,8) *,>*/8#G/5,U*00*2L%*#*>*2,>*,83P*-'(*#G,>H1*53-)#5%*,,@* (66#8/*#**,%8G-0*,@*92>*G*,*R*)52,>*,NL,@55#8GP,@*,@d4::W BCDE5f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dBCDJf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rDECHCCCWOP*@#5>*,H=*0 2>0*'(0*#88%55,@*5,G8/5,60@*(66#@*#-*,G55#**,%2*,@**2/5, @* (66#@*#- - (*#, 5'0*3H 155#,55-0 G8*0 @* -*#/'*%8-0*,'8GG--* %*,,-/5,N5%*,(*PP*,*,G8*0*,@*60>5,>-)6,0*,(*2@*#NL,*,G8*0 "#0,/""#("//,#2%5/")%5"#/%/""#+,#-+,#-+,#.,/0*/,"5"/>"/'")),#2/%/."'1,;")%./"#1%%'G\"&"'4*#&."H+,#)"4;"#/'*A "#& &

@*,5G*,-@*(66#@*#-(*0%25,%P8#@/8#G0/5,@*-*#/'*%8-0*,H =*>(.)8(66#.7*.-()(&7#+(:0)8(.+0>>#))#( 95,P*/82*, U8#@0 8G @* -*#/'*%8-0*,'8GG--* 0* 250*, P*-055, 60F G,G552xx,WG5bG5520U**53>*/55#@>@*d,f,5G*,-@*8,@*#,*G*#-O83 U,%*2*#-/*#*,>,>^PL/88#%*6#P*-066#@*#d-fn*,G,G552xx,WG5bG552 0U**)*#-8d8f,d*,f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v2*,@'50*/5,@*n*0*#gl,w/88#n*,/5,8,@*#p86u,>h W00&)+,088(. \,N5%*(*0/88#-'(80P*@#5>/88#-*#/'*%8-0*,@50@*/*#(66#@*#,#*%*,,> P#*,>0 PL @* (66#@*#W -0*20 @* /*#(66#@*#X/5-0>8*@G5,5>*# **, #*v2* 8,@*#P86U,> /5, @0 /88#-'(80 P*-'(%P55#W 60-260*,@ 8) /*#N8*% /5, (66#@*#H \, (*0 >*/52 @50 *#,8> >**, -)#5%* - /5, **, (66##*250* d)#*'8,0#5'06*2* 35-*fW -0*20 /*#(66#@*#X/5-0>8*@G5,5>*# **, @*>*2L%* 8,@*#P86U,>8)/5,(*008052*-*#/'*%8-0*,,/*56/5,(*0U,%*2'*,0#6G U55#@*#6G0*P*(88#0W,'26-*3/*#@**2-2*60*2W55,@*(66#@*#P*-'(%P55#H H(.8&*.)<*&*.8(7(&-((6)6(%8(6 1* -*#/'*%8-0*, U8#@*, 53>*#*%*,@ 8) P5-- /5, **, 0#5,-)5#5,0* *, '8,--0*,0* /*#@**2-2*60*2H \,@*, (*#PL >*P#6% U8#@0 >*G55%0 /5, **, -0533*2WU8#@0PL**,*/*,06*2*ULN>,>/5,@*6,0>#8800*-@88#G@@*2/5, -5G*,/8*>,>83-)20-,>/88#@*(66#@*#-,N'(0*2L%U50@*'8,-*k6*,0*- N622*,NL,/88#@*/*#@*2,>/5,@*-*#/'*%8-0*,H155#PLU8#@0>*5@/-**#@,@*-0533*28)0*,*G*,(8*(*0P*@#5>)*#**,(*@-8)>*P86U@H\,@*,@/@6*2* (66#8/*#**,%8G-0*, U8#@0 /*#G*2@ 8) U*2%* ULN* *# U8#@0 53>*#*%*,@ *, U8#@0 *# **, /*#G*2@,> /5, (*0 55,052 >*(66#@* GB U**#>*>*/*,H"*,ULN>,>/5,@*/*#@**2-2*60*2/5,@*-*#/'*%8-0*,%5, @*/*#(66#@*#)5-@88#/8*#*,,58/*#2*>G*0@*-*#/'*%8-0*,'8GG--*H B7(&6( S*#(66#@*#X/5-0>8*@G5,5>*# 8/*#2*>0 L55#2L%- G*0 @* -*#/'*%8-0*,'8GG--* 52/8#*,- @* -*#/'*%8-0*,P*>#80,> /5, (*0 /82>*,@*L55#U8#@08)>*-0*2@HS*#(66#@*#X/5-0>8*@G5,5>*#N52/88#-0*22*, 08060P#*@,>83,%#G),>/5,2*/*#,>*,*,@*,-0*,W83080(*0@*3,0*3 >8*@%*6#*,/5,@*08052*-*#/'*%8-0*,O53#*%*,,>*,P6@>*00*#,>@55#/5,W /88#2*>>*,55,@*-*#/'*%8-0*,'8GG--*@***,5@/*-%5,60P#*,>*,H10 5@/*- N52 P,,*, N*- U*%*, @*,*, 0* U8#@*, 60>*P#5'(0H S*#(66#@*#X /5-0>8*@G5,5>*#,38#G**#0@*-*#/'*%8-0*,'8GG--*0L@*,-(*028)*,@* L55#N8-,*2G8>*2L%N8@#5-6P-05,0v2*53UL%,>*,@#*>*,8)0*0#*@*, 06--*,P6@>*0*,#*52-50*HM,@*#-6P-05,0v2*53UL%,>*,U8#@0P*@8*2@ **, 53UL%,> /5, G,G552 DCc 0*, 8)N'(0* /5, (*0 08052* P6@>*0H 1* 88#N55%/88#8/*#-'(#L@,>U8#@0(*#PLP*,8*G@H @*%U520*0/5,@*>*2*/*#@*-*#/'*-*,@*,-0*,G**0P55#NL,H 1* -*#/'*%8-0*,'8GG--* G8*0 @* #*052*#- /*#0*>*,U88#@>*,H =*0 - @55#8GP*25,>#L%**,*/*,U'(0>*-5G*,-0*22,>*,53/55#@>,>0*%*N*,H =*0-0*/*,- /5, P*25,> @50 @* )*#-8,*, @* @**2,*G*,, @* -*#/'*%8-0*,'8GG--*/*#-05,@/5,-*#/'*%8-0*,(*PP*,N8@50NL(*08) **,>8*@*G5,*#%6,,*,P*88#@*2*,HV*0522*(66#@*#-d/88#,5G*2L%@* %2*,*#*8,@*#,*G*#-f(*PP*,0*U*,>%*,,-/5,@*-*#/'*%8-0*,H"*, >*P525,'**#@*-5G*,-0*22,>-@55#8GP*25,>#L%H S*#(66#@*#X/5-0>8*@G5,5>*#G8*08)*,(*@/5,N5%*,>*/*,H10G8*0@* 0#5,-)5#5,0*/*#>#80*,*,@6@*2L%G5%*,U55#8GP*)552@*%8-0*,U*283,*0 U8#@*, @88#P*25-0H 10 - @* 055% /5, @* /5-0>8*@G5,5>*# 'HkH /*#(66#@*# *, @* 53-)#5%*, 8G0#*,0 @* 2*/*#,>*, *, @*,-0*,, **, U,%*2'*,0#6GG8*0*,@6@*2L%NL,/5-0>*2*>@*,/822*@>,N'(0*2L%NL, /88#@*(66#@*#-H 1*53#*%*,,>/5,@*-*#/'*%8-0*,G8*0P,*,,KG55,@*,,553288)/5, (*0-*#/'*%8-0*,L55#U8#@*,>*)#*-*,0**#@55,@*(66#@*#-H\,@*,@0,*0 26%0 N52 *# **, -5,'0* 83 @6@*2L%* 602*> /5, @* /*#(66#@*# 83 @*,- /5-0>8*@G5,5>*#U8#@*,/*#25,>0HS82>*,-@*;\Q&dBCDJf-0#5,-)5#5,0* *--*,0**2*,N52@*/5-0>8*@G5,5>*#(*2)*,8G>*-'(22*,0*/88#%8G*,H 1*/*#(66#@*#G8*0(*0/88#-'(80@50(L,#*%*,,>P#*,>0PL@*(66#@*#W /88#N*,/5,**,#*v2*8,@*#P86U,>/5,@0/88#-'(80H10G8*00*/*,- /88#N*,U8#@*,/5,**,/*#@**2-2*60*28/*#@*%8-0*,N8@50,N'(0*2L%- U*2%55,@**255,-*#/'*%8-0*,@*-)*'3*%*(66#@*#d-fG8*0P*052*,H_8 NL, (66#@*#- 8) /88#(5,@ P*%*,@ G*0 @* /*#@*2,>W (6, 55,@**2, @* %8-0*,*,-(*0G8>*2L%8G**,P*0*#*,-'(500,>/5,@*0*/*#U5'(0*, (88>0*/5,@*%8-0*,/88#(*0L55#H 1* -*#/'*%8-0*, @*,*, 0* U8#@*, 53>*#*%*,@ 8) P5-- /5, **, 0#5,-)5#5,0* *, '8,--0*,0* /*#@**2-2*60*2H "*, ULN>,> /5, @* /*#@**2-2*60*2 /5, @* -*#/'*%8-0*, G5> @* /*#(66#@*# 83 @*,- /5-0>8*@G5,5>*#)5-@88#/8*#*,,58/*#2*>G*0@*-*#/'*%8-0*,'8GG--* 83@*(66#@*#d-fH155#,55-0G8*0@6@*2L%NL,U*2%55,@**2,55#@*(66#@*#- >550*,U*2%55,@**2,55#@*/*#(66#@*#-H_*%*#,6*#G**#522O,@*52- U8#@*,>*@55,G*0/88#,5G*2L%>#80*#*#*052*#--(*0/5,P*25,>@50(*0,N'(0*2L%(8*@*N**b0#5%8-0*,U8#@*,@88#P*25-0,55#@*/*#(66#@*#H 1*N*-0533*2%8#0,>*,*,/*#@**2-2*60*2-G8*0*,0#5,-)5#5,0*,,N'(0*2L% NL,H 1* /*#(66#@*# 83 @*,- /5-0>8*@G5,5>*# N52 L55#2L%- G*0 @* -*#/'*%8-0*,'8GG--* 83 @* (66#@*#- G8*0*, 8/*#2*>>*, 8/*# @* P*>#80,>/5,@*-*#/'*%8-0*,/88#(*0/82>*,@*L55#HS*#(66#@*#83@*,- /5-0>8*@G5,5>*#,38#G**#0@*-*#/'*%8-0*,'8GG--*0L@*,-(*028)*,@* L55#N8-,*2G8>*2L%N8@#5-6P-05,0v2*53UL%,>*,@#*>*,8)0*0#*@*, 06--*,P6@>*0*,#*52-50*HM,@*#-6P-05,0v2*53UL%,>*,U8#@0P*@8*2@ **, 53UL%,> /5, G,G552 DCc 0*, 8)N'(0* /5, (*0 08052* P6@>*0H 1* 88#N55%/88#8/*#-'(#L@,>U8#@0(*#PLP*,8*G@HS82>*,-@*;\Q&dBCDJf G8*0@55#,55-055,@*/5-0>8*@G5,5>*#@*G8>*2L%(*@U8#@*,>*P8@*, 8G5'0*30*%6,,*,-06#*,8)%U520*0*,)#L-/5,@*-*#/'*%8-0*,HMG@* /5-0>8*@G5,5>*# (*#/88# 0* G80/*#*, N86 **, )#*-050*>*#'(0* /*#>8*@,>/88#@*-*#/'*%8-0*,**,>8*@*-05)NL,H N(880(&(:(.(.7*.:0)8(.(.:1*6#8(#8 S82>*,-@*;\Q&dBCDJf-@*%U520*0/5,@*@*,-0/*#2*,,>53>*-0*G@8)@* 28'50*W(*0>*P#6%*,%5#5%0*#/5,(*0/5-0>8*@U55#,%U520*0-,8#G*, /88#@*@*,-0/*#2*,,>*,)#L-O%U520*0%6,,*,U8#@*,>*>5#5,@**#@H H;8&*0<(.#.)8#G-(. =66#@*#- @* P60*, @* @88# /*#(66#@*#X/5-0>8*@G5,5>*# /5-0>*-0*2@* 8)*,,>-0L@*,(6,P*@#L3608*3*,*,%#L>*,@*G*0(6,*b0#58)*,-0*22,> >*G8*@* *b0#5 -*#/'*%8-0*,W G0-08*UL-P55#W 53N8,@*#2L% @88#P*25-0H S*#(66#@*#X/5-0>8*@G5,5>*# )5-0 @* #*>62*#* 8)*,,>-0L@*, /5, (*0 U,%*2'*,0#6G,*055,N8,@*#8/*#2*>G*0@*-*#/'*%8-0*,'8GG--*H1* /*#(66#@*#X/5-0>8*@G5,5>*#-P*/8*>@8G(66#@*#-@*>*@6#*,@*@* #*>62*#*6#*,W/88#(*0)6P2*%>*-280*,NL,W,522*>*/522*,(*055,@**2, @*%8-0*,/5,2*/*#,>*,*,@*,-0*,@88#0*P*25-0*,W52-U5#*NL>*8)*,@H e0&8#.(. "/*,06*2*%8#0,>*,W5,@*#-@5,@*#**@-,0*>#5528,@*#@**2NL,/5,@* /5-0>*-0*2@*08052*/*#@**2-2*60*2/5,(*0U,%*2'*,0#6GW@***,/*#(66#@*# 1*/*#(66#@*#83@*,-/5-0>8*@G5,5>*#G5>(66#@*#-@*>*@6#*,@*@* #*>62*#* 6#*,W N852- @88# /*#(66#@*# - /5-0>*-0*2@W /88# (*0 )6P2*% >*-280*,NL,W,522*>*/522*,(*055,@**2,@*%8-0*,/5,2*/*#,>*,*, @*,-0*, @88# 0* P*25-0*,W 52- U*2 >*8)*,@ >*U**-0H +*/*,- %5, @* /*#(66#@*#83@*,-/5-0>8*@G5,5>*#(66#@*#-@**b0#58)*,U22*,NL,@* *b0#5%8-0*,@55#/5,@88#p*25-0*,55,@*p*0#*33*,@*(66#@*#hm8%(*#/88# -(*0P*25,>#L%8G**,0#5,-)5#5,0**,L6-0*P8*%(86@,>PL0*(86@*, G*00L@*,U55#8)@*U,%*2-NL,>*8)*,@83,*0WN8@5055,(*0*,@*/5, (*0L55#**,L6-0*53#*%*,,>%5,U8#@*,8)>*G55%0H "/*,06*2*%8#0,>*,@*@*/*#(66#@*#/*#-0#*%055,P*)552@*(66#@*#-N52 @* /*#(66#@*# /88# *>*, #*%*,,> G8*0*,,*G*,H 1*N* G8>*,,*0 "#0,/""#("//,#2%5/")%5"#/%/""#+,#-+,#-+,#.,/0*/,"5"/>"/'")),#2/%/."'1,;")%./"#1%%'G\"&"'4*#&."H+,#)"4;"#/'*A "& &

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dn* 88% 52>*G*,* P*)52,>*, (66#8/*#**,%8G-0;M_d;55@M,#8*#*,@*_5%*,WBCDBfF 5f%8-0*,/88#2**>-05,@n Pf)#8G80*%8-0*,WU55#PL@*,00*U8#@*,8)>*G*#%0@50F-'(88,G55%O*, P*/*2>,>-%8-0*,,)#,')*520L@-*#/'*%8-0*,NL,*,52-N8@5,>U8#@*, >*P8*%0W0*,NL@*N*,0*>#5528,@*#@**2NL,/5,)#8G808,*2*5'0/0*0*,n 'f%8-0*,/88#*b0#58,@*#(86@u5,,**#,88@n5%*2l%*/*#/5,>,>u8#@0 60>*-0*2@dZ/*#/5,>,>-8,@*#(86@[fHRL(*0-260*,/5,N8>*,55G@*Z522O, 8,@*#(86@-'8,0#5'0*,[@*,0**,60-)20-,>0*U8#@*,>*G55%0,@5>*2L%- 8,@*#(86@d-*#/'*%8-0*,f*,/*#/5,>,>-8,@*#(86@d*>*,55#-25-0fn @f %8-0*, /88# N5%*, U55#60 8)P#*,>-0*, >*>*,*#**#@ U8#@*, @*,*0 08*/28**, 55, -*#/'*%8-0*, dpl/88#p**2@?&:og5-0*,w %8-%*,, >*G**,-'(5))*2L%*#6G0*,W)5#%**#0*##*,*,W*0'*0*#5fn *f%8-0*,/88#p*u*>uln*#,>nl,)#8g80*x*>*,55#-%8-0*,n 3f 55,G5,,>-%8-0*,W 0*,NL @*N* G*0 #*@*,*,W @*,*0 55, /*#(66#@*#X/5-0>8*@G5,5>*#08*0*#*%*,*,NL,WU8#@*,8G%2**@n >f%8-0*,8)-052/*#n*%*#,>*,h F*<<0&8*(7*.)(&7#+(:0)8(. 1* /82>*,@* 55,P*/*2,>*, U8#@*, >*@55, /88# (*0 60P#*,>*, /5, #5))8#05>*-,N5%*-*#/'*%8-0*,F 5H=*0)#*-*,0*#*,/5,**,8/*#N'(0U55#PLN8U*2@*P*>#80,>/5,(*0530* #*%*,*, L55#W @* 53#*%*,,> /5, @50 L55#W 52-88% @* P*>#80,> /88# (*0 %8G*,@*L55#W)*#%8-0*,)8-0,55-0*2%55#U8#@*,U**#>*>*/*,dPL,*6U 8,0U%%*2@*U,%*2'*,0#5)5-G8>*2L%PL0U**@*-*#/'*%8-0*,L55#fH PHRL-6P-05,0v2*8)@#5'(0*,/88#2*/*#,>/5,N5%*,*,@*,-0*,dN852- PL/88#P**2@ *,*#>*OW P*/*2>,>-O *, -'(88,G55%'8,0#5'0*,f G55%0 /*#(66#@*#X/5-0>8*@G5,5>*# 8) /*#N8*% @* 833*#0*- 55, @* -*#/'*%8-0*,'8GG--*P*%*,@H 'H S*#(66#@*#X/5-0>8*@G5,5>*# 08*0-0 -6P-05,0v2* '8,0#5'0*, dn852- PL/88#P**2@ *,*#>*OW P*/*2>,>-O *, -'(88,G55%'8,0#5'0*,f G*0 *,>* #*>*2G5508)G5#%0'8,38#G0*0*,,38#G**#0@*-*#/'*%8-0*,'8GG--*H @H RL **, -6P-05,0v2* 08*,5G* /5, -08#,>*,X%25'(0*, @#55>0 /*#(66#@*#X/5-0>8*@G5,5>*# G8>*2L%* 88#N5%*, *, 8)28--,>*, (*#/88# 55,*,P*-)#**%0@0G*0@*-*#/'*%8-0*,'8GG--*H *HS*#(66#@*#X/5-0>8*@G5,5>*#>**30PL@*P*>#80,>NL,N*,-ULN*8/*# */*,06*2*P*-)5#,>-G8>*2L%(*@*,H 3H S*#(66#@*#X/5-0>8*@G5,5>*# >**30 /88# )8-0*, U55#/88#,8> >**, 53#*%*,,>>*G55%0%5,U8#@*,W**,8,@*#P86U@*#*v2*-'(500,>H >H RL */*,06*2* 8/*#-'(#L@,> /5, @* P*>#80,> @*,0 @* /*#(66#@*#X/5-0>8*@G5,5>*#(*#/88#**,G80/50*0*>*/*,H N8,@*#G**#U8#@*,@88#P*25-055,@*5,@*#*#*052*#-H10G8*088%60@* -*#/'*%8-0*,53#*%*,,> P2L%*, U55#PL (*0 080552 55, GB[-,*0 G5> /*#5,@*#*,*,U55#PL@*/*#(66#@*#@6-@*Z%8#0,>*,[/88#NL,#*%*,,>,**G0H10>*2@00*/*,-/88#522O,(6#*,HM8%/5,@*N*(66#@*#-@*,0@* /*#(66#@*#(*055,@**2-*#/'*%8-0*,/88#NL,#*%*,,>0*,*G*,H\GG*#-W @*/*#(66#@*#(**30@*N*>*2@*,#**@-8,0/5,>*,/5,@*(66#@*#H t&*#/'*%8-0*, NL, %8-0*, /88# %2*, @5>*2L%- 8,@*#(86@W 2*/*#,>*, *, @*,-0*,W,'26-*3 5@G,-0#50*/* /*#>8*@,>*, @55#/88#W @* 06--*, /*#(66#@*# *, (66#@*# NL, /5-0>*2*>@ *, 8/*#**,>*%8G*, *, @88# @* /*#(66#@*# NL, P*0552@ *, @* U8#@*, @88#P*25-0 55, @* (66#@*# 'HkH >*P#6%*#Hu "#U8#@0522**,8G-'(#*/*,U50,*0PL@*-*#/'*%8-0*,(88#0H"'(0*#N86 (*0>8*@NL,8G88%/5-00*-0*22*,U50U*28,@*#-*#/'*%8-0*,N86G8>*, /522*,H 1*N* %8-0*,)8-0*, %6,,*,,55-0 @* Z-05,@55#@[%8-0*, )*# U,%*2'*,0#6G/*#-'(22*,H=*0-@55#8G/5,P*25,>8G)*#U,%*2'*,0#6G (*0 )5%%*0 /5, 2*/*#,>*, *, @*,-0*, 0* 5,527-*#*, *, /5-0 0* -0*22*,H 155#,55-0G8*0*,@*N*53-)#5%*,W'8,0#5'0*,W)5#0L*,d55,,*G*#-fW)#LN*, *,@*#>*2L%*U8#@*,/5-0>*2*>@,**,@*G5#'50*2L-0HM8%G8*0(*0)5%%*0 /5, 2*/*#,>*, *, @*,-0*, @6@*2L% U8#@*, 8G-'(#*/*,, @* (66#8/*#**,%8G-0 *, @*,0 *# >*P#6% 0* U8#@*, >*G55%0 /5, **, 2G050*/* 8)-8GG,>H _8-0550 (*0 )5#0L*,,*0 25,>*# /#L 8G N8,@*# 08*-0*GG,>(*0)5%%*0/5,2*/*#,>*,*,@*,-0*,55,0*)5--*,HS88#(*0 8/*#>*G8*0*,@*P*)52,>*,52-8G-'(#*/*,,@*(6@>*2*@#55@dN* (*#,55-f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s =*#/88# G8*0 **, 0*#GL, U8#@*, 53>*-)#8%*,WP/HDb)*#B83jL55#HM/*#-05))*,-,*0,88@N5%*2L%WG55# U*2@*,0*#**,G5#%008*0-0*U8#@*,>*@55,55,>55,@*@*)#LN*,H @H?8*@*55,)5%WG55#*#N0>**,/88#@**2/88#@*(66#@*#55,H=*0N86 P*0*#NL,52-@*2*/*,-@66#/5,,-052250*-U8#@*,/*#(88>@*,@50*#**, %U520*0-,/*56/88#P*/*2>,>*,-'(88,G55%U8#@053>*-)#8%*,H *H>8*@*-05),@*#'(0,>8G-*#/'*%8-0*,,55#P*,*@*,0*P#*,>*,H "'(0*#-60@08,@*#N8*%>*P2*%*,@50,*0522**,8)%8-0*,G8*0U8#@*, P*-)55#@WG55#88%%#0-'(G8*0U8#@*,>*%*%*,,55#>*2*/*#@*%U520*0H 3H=*#PLN8688%G8*0*,U8#@*,55,>*>*/*,@50@*53UL%,>G5bG552DCc G5>NL,WN8@50@50)5#0L*,@55##*%*,,>G**%6,,*,(86@*,,(6,%8-0*,H >H@6@*2L%*53-)#55%U55#PLU*2G8*0U8#@*,55,>*>*/*,(8*G*,G*0 @*N*%8-0*,-0L>,>8GN52>55,H S82>*,-@*;\Q&dBCDJf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

7. ANALYSE RICS CODE OF SERVICE CHARGE \,@*N*PL25>*U8#@0@*;\Q&Q8@*83&*#/'*Q(5#>*-d;\Q&WBCDJf60**,>*N*0WU55#,55#,(883@-06%JU8#@0 /*#U*N*,*,U55#60@*,8@>*'8,'26-*-NL,>*0#8%%*,H 1"g"\1;991n H.(6)(8(:)8706(.)-(/F^]=3L9S'E3?(-(&6*.-)/7(&8*6#.3 Q7"&>"%-+<"&<'>>& DHR*-0)#5'0'*#*'8GG*,@-0(50-*#/'*-5#*)#8'6#*@8, 5, 5))#8)#50* /526*O38#OG8,*7 P5--W 5,@ 0(50 '8G)*00/* k680508,- 5#* 8P05,*@ 8# 0(* '8-0- P*,'(G5#%*@H BHMU,*#--(862@,80)#8303#8G0(*)#8/-8,8#-6))2783 -*#/'*-H&5/*38#5#*5-8,5P2* '8GG*#'52G5,5>*G*,03**0(50#*32*'0-0(*5'0652'8-0- 83 G5,5>,> 0(* -*#/'*-W 0(* 5G86,0 5, 8U,*# G57 #*'8/*# - 2G0*@ 8,27 08 0(* )#8)*# 5,@ 5'0652 '8-0,'6##*@,0(*)#8/-8,8#-6))2783-*#/'*-H jh922'8-0-5#*08p*0#5,-)5#*,0-80(50522)5#0*-w8u,*#-w 8''6)*#-5,@G5,5>*#-W5#*5U5#*83(8U0(*'8-0-5#* G5@*6)H:5,5>*G*,03**-5#*08P*8,53b*@)#'*P5-- U0(,8(@@*,G5#%6)-H N//'<.+'#&.#,&.66'%+'#5"#>& JHQ8-0--(862@P*5228'50*@080(*#*2*/5,0*b)*,@06#* '50*>8#7Hh(*#*#*5-8,5P2*5,@5))#8)#50*W'8-0--(862@ P* 5228'50*@ 08 -*)5#50* -'(*@62*- 5,@ 0(* '8-0- 5))8#08,*@080(8-*U(8P*,*303#8G0(8-*-*#/'*-H EH +(* P5-- 5,@ G*0(8@ 83 5))8#08,G*,0 -(862@ P* @*G8,-0#5P2735#5,@#*5-8,5P2*08*,-6#*0(50,@/@652 8''6)*#- P*5# 5, 5))#8)#50* )#8)8#08, 83 0(* 08052 -*#/'* '(5#>* *b)*,@06#* 0(50 '2*5#27 #*32*'0-0(* 5/525P207WP*,*305,@6-*83-*#/'*-H KH :5,5>*#- 5#* *b)*'0*@ 08 G5%* 5/525P2* 08 522 8''6)*#- 5 3622 5))8#08,G*,0 G50#b 0(50'2*5#27-(8U- 0(*P5--83'52'62508,5,@0(*080525))8#08,G*,0)*# -'(*@62*38#*5'(6,0U0(,0(*)#8)*#07X'8G)2*bH "%+F+<.+'#& ihq*#03*@5''86,0-83*b)*,@06#*5#*08#*)#*-*,050#6* 5,@ 5''6#50* #*'8#@ 83 *b)*,@06#*,'6##*@h +(8-* '*#037,> -*#/'* '(5#>* 5''86,0- -(862@ #*'8>,-* 0(50 0(*7(5/*5@60783'5#*08P80(8U,*#-5,@8''6)*#-5'0 U0()#83*--8,52'5#*W@2>*,'*W,0*>#075,@8PL*'0/07H '55(#+<.+'#&.#,&<'#>(/.+'#& ]Hh(2*0(*8U,*#(5-0(*#>(008-*00(*-05,@5#@-P7 U('((-8#(*#,/*-0G*,0U22P*G5,5>*@5,@(5-5 @607 08 G5,5>*W G5,5>*#- 5#* 5@/-*@ 08 '8,-620 U0( 8''6)*#-U0(#*>5#@080(*-05,@5#@5,@k6520783-*#/'* '(5#>*)#8/-8,#*k6#*@H ph:5,5>*#-5#**b)*'0*@08'8gg6,'50*u0(8''6)*#- 08*,-6#*-*#/'*-5#*@*2/*#*@*33*'0/*2738#0(*P*,*30 83522W5,@08*,-6#*0(508''6)*#-6,@*#-05,@U(500(*7 '5,*b)*'008#*'*/*5,@(8UG6'(0(*75#*#*k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jh 922*%8-0*, NL, 0#5,-)5#5,0W N8@50 522*)5#0L*,W d*>*,55#w (66#@*# *, G5,5>*#f N'( P*U6-0 NL, /5, (8* @* %8-0*, 8)>*P86U@@*,*,0*NL,HR*(**#/*#>8*@,>*,NL,**,/5-0*W 8/*#**,>*%8G*,)#L-WN8,@*#/*#P8#>*,G5#%*#,>*,H & JH1*%8-0*,G8*0*,U8#@*,08*>*#*%*,@55,@*(*#/88# P*-0*G@*'50*>8#*Hh55##*@*2L%*,08*)5-P55#@*,*,@* %8-0*,0*U8#@*,08*>*#*%*,@55,53N8,@*#2L%*-'(*G5[-*, G8*0*, @* %8-0*, U8#@*, 08*>*#*%*,@ 55, @*>*,*, @* )#830*#*, /5, @*N* @*,-0*,H EH 1* P5-- *, @* >*/82>@* G*0(8@* /5, /*#@*2,> G8*0 55,088,P55#W**#2L%*,#*@*2L%NL,8G*#/88#0*N8#>*,@50,@/@6*2*(66#@*#-**,*/*,#*@>@**2@#5>*,/5,@*08052* -*#/'*%8-0*,60>5/*,*,@***,@6@*2L%*53-)*>*2,>-/5, @*P*-'(%P55#(*@*,>*P#6%/5,@*@*,-0*,H KH S5, G5,5>*#- U8#@0 /*#U5'(0 @50 NL **, /822*@>* /*#@*2,>-G50#b (5,0*#*, @* @6@*2L% @* P5-- /5, @* P*#*%*,,>*,@*08052*/*#@*2,>/88#*2%***,(*@P,,*, (*08PL*'0X'8G)2*b0*#P*-'(%%,>-0*22*,55,@*N*(66#@*#-H & ih?*'*#03'**#@*#*%*,,>*,/5,@*60>*>*/*,%8-0*,@*,*, 8G**,)#*'*N**,,56U%*6#>*#*>-0#50*/5,@*%8-0*,0* /*#0*>*,U88#@>*,H 1* >*'*#03'**#@* -*#/'*%8-0*,53#*%*,,>*, G8*0*, *#%*,,*, @50 N* **, N8#>)2'(0,55#N8U*2*>*,5#*,52-(66#@*#-8G0*(5,@*2*, G*0)#83*--8,*2*N8#>W08*UL@,>W,0*>#0*0*,8PL*'0/0*0H & ]H=8*U*2@**>*,55#(*0#*'(0(**308G@*-05,@55#@*,@*,8)@#5'(0/5,NL,83(55#,/*-0*#,>N52U8#@*,P*(**#@W U8#@*, G5,5>*#- U*2 >*5@/-**#@ 8G 0* 8/*#2*>>*, G*0 (66#@*#-8/*#(*0,/*56*,@*%U520*0/5,@*/*#2**,@* -*#/'*- *, @*,-0*,H ph S5, G5,5>*#- U8#@0 /*#U5'(0 8G G*0 >*P#6%*#- 0* '8GG6,'*#*, 0* '8GG6,'*#*, 8/*# @* 2*/*#,>*, *, @*,-0*, *, @*N* *33*'0*3, (*0 /88#@**2 /5, *@*#**, 0* G5,5>*,W*,8G*#/88#0*N8#>*,@50@*(66#@*#-P*>#L)*, U50N*%6,,*,/*#U5'(0*,G*0P*0#*%%,>0808,0/5,>-083 P*052,>/5,P*@#5>*,H DCH:5,5>*#-/*#%25#*,@50NLN'('8,3#G*#*,55,@*N*Q8@* *,@50NL0#5,-)5#5,0N622*,(5,@*2*,H "#0,/""#("//,#2%5/")%5"#/%/""#+,#-+,#-+,#.,/0*/,"5"/>"/'")),#2/%/."'1,;")%./"#1%%'G\"&"'4*#&."H+,#)"4;"#/'*A "#& &

J(0&'F&<.%"& DDH+(*8U,*#5,@X8#G5,5>*#(5-5@60708G5,5>*0(* )#8)*#07W5-U*225-5@60783'5#*08P80(0(*8''6)*#-W U(8*,0#6-00(*-)*,@,>830(*#8U,P6-,*--8/*#(*5@ 5,@'5-(328UP736,@,>0(*-*#/'*-W5,@080(*8U,*# U(8-*,/*-0G*,00(*75#*-*#/',>H DBH+(*#*U22P*'2*5#)82'*-5-08(8U0(*-*#/'*'(5#>* U22P*G5,5>*@H R+#.#<+./&<'56""#<"& DjH \,,'6##,> '8-0-, 0(* )#8/-8, 83 -*#/'*-W 0(* G5,5>*#--)*,@,>0(*8''6)*#-[G8,*7H:5,5>*#-5#* 0(*#*38#* *b)*'0*@ 08 @*G8,-0#50* 5 (>( @*>#** 83 '8G)*0*,'*W )#83*--8,52-GW,0*>#07W @2>*,'*W 8PL*'0/07 5,@ 0#5,-)5#*,'7, @*52,> U0( 0(* -*#/'* '(5#>*5''86,0-H DJHh(*,--6,>-050*G*,0-835''86,0-5,@X8#'*#037,> *b)*,@06#*wg5,5>*#-5#*6#>*@@8-8,5,8,o)5#0-5, -)#0W 5'0,> 5- *b)*#0-h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bW*0'H DiH +(* #*'8GG*,@*@ \,@6-0#7 &05,@5#@ Q8-0 =*5@,>- -(862@P*6-*@,#*)8#0,>P6@>*05,@5'0652*b)*,@06#*H S<<(6+"%&%">6'#>+;+/++">& D]HM''6)*#-5#*8P2>*@08*,-6#*)#8G)0)57G*,083522 -*#/'*'(5#>*8,O5''86,05,@P525,',>'(5#>*-Hh(*#*5 2*>0G50*@-)60**b-0-W5,7)57G*,0)#8)*#27U0((*2@ -(862@#*32*'08,270(*5'0652-6G-,@-)60*H DpH M''6)*#- U22 #*'8>,-* 0(50 0(* -*#/'* '(5#>* )#8/-8,835,72*5-*(5-2*>52*33*'0W5,@-(862@*,-6#* 0(505,7#*)#*-*,050/*-,/82/*@,@-'6--8,-WG**0,>-W *0'H (5/* 5, 5))#8)#50* 2*/*2 83 #*-)8,-P207 5,@ 560(8#07 08 G5%* @*'-8,- '8,'*#,,> -*#/'* '(5#>* G500*#-H BCH\,#*'8>,08,0(50/526*O38#OG8,*75,@G5,0*,5,'* 83k65207-05,@5#@-U22P**,(5,'*@0(#86>()5#0,*#-()W 8''6)*#-5#*6#>*@08P*)#85'0/*,5---0,>8U,*#-, 0(* 8)*#508, 5,@ 602-508, 83 -*#/'*- 5,@ -*#/'* -7-0*G- ^ 38#*b5G)2*W P7-*)5#50,> U5-0* 08 35'2050* 5))#8)#50*5,@'8-0O*33*'0/*#*'7'2,>W5@8)0,>*,*#>7O -5/,>G*5-6#*-W*0'H T+17&'&<7.//"#1"9./"%#.+-"&,+>6("&%">'/(+'#&ONJTP& BDH 922,*U 2*5-*- d,'26@,> #*,*U52-f -(862@ G5%* )#8/-8, 38# *0(*# )5#07 08 #*k6#* 0(* #*-82608, 83 @-5>#**G*,0-0(#86>( 0(* 6-* 83 520*#,50/* @-)60* #*-82608, d91;f 5-5 '8-0 *33*'0/*520*#,50/*08'86#0 5'08,H BBH\30(*)5#0*-'5,,805>#**5G*@508#8#,@*)*,@*,0 *b)*#008@*0*#g,*0(*@-)60*0(*t#*-@*,0830(*;\q& -(862@ d8, #*k6*-0f,8g,50* 5-605P2* )*#-8,H h(*#* 2*5-*-@8,805228U38#91;W)5#0*-5#*#*G,@*@0(50 0(*#* -,80(,> 08-08) 0(*G 5>#**,> 08 6-* 91; 08 & DDH1**>*,55#*,X83/5-0>8*@G5,5>*#(**30@*)2'(08G(*0 /5-0>8*@W 52-G*@* **, N8#>)2'(0,55# @* (66#@*#- 08*W @* P*-0*@,> /5, (6, *>*, 8/*#(*5@ *, '5-(328U 08* 0* /*#0#86U*,@88#(*0P*(**#/5,@*,-0*,0*3,5,'*#*,*,0* P*(*#*,W*,88%,5G*,-@**>*,55#U*,-,/*-0*#,>@*,00* U8#@*, 8,@*#(86@*,H DBH"#N52**,@6@*2L%P*2*@0*,>#8,@-25>2>>*,8/*#(8*@* -*#/'*%8-0*,N622*,U8#@*,P*(**#@H DjHm8-0*,@*/88#0/28**,60(*055,P*@*,/5,2*/*#,>*, *,@*,-0*,WU8#@0@88#@*G5,5>*#>*3,5,'*#@G*0>*2@/5, @*(66#@*#-HS5,G5,5>*#-U8#@0@55#8G/*#U5'(0@50NL**, (8>* G50* /5, P*%U55G(*@ 08,*,W )#83*--8,**2W,0*>*#W N8#>/62@>W8PL*'0*3*,0#5,-)5#5,0NL,,(*08G>55,G*0@* %8-0*, *, -*#/'*%8-0*,53#*%*,,>*,H DJHRL(*053>*/*,/5,/*#%25#,>*,/5,@*#*%*,,>*,*,X83 '*#03'*#,>/5,@*60>5/*,WU8#@*,G5,5>*#-55,>*-)88#@ 8G52-*b)*#0-0*(5,@*2*,H1*G5,5>*#N52@5,88%0#5'(0*, *#/88# 0* N8#>*, @50 522* %8-0*, @* NL, >*G55%0 L6-0 *, 8/*#**,%8G-0>@*(66#8/*#**,%8G-0U8#@*,@88#P*25-0H DEH?*2@P*-0*G@/88#-*#/'*%8-0*,N528)**,53N8,@*#2L%* P5,%#*%*,,>U8#@*,>*-08#0*,@*>*2@*,U8#@*,P*-0**@ /88# @*,%88) *, 2*/*#,> /5, @* @*,-0*,H DKH 922* #*,0* 8) -*#/'*%8-0*,#*%*,,>*, O 83 U55# **, 53N8,@*#2L%*P8*%(86@,>)*#(66#@*#>*2@0N52**,'8##*'0 *,#*@*2L%P*@#5>/5,@*#*,0*U8#@*,P*#*%*,@/82>*,-@*,8#G52*'8GG*#'v2*05#*/*,ON52,5530#*%/5,@*%8-0*, U8#@*,PL>*-'(#*/*,8)@*-*#/'*%8-0*,#*%*,,>H10>*2@0 PL/88#P**2@ /88# P5,%%8-0*,W R+hW *0'H DiH1*55,P*/82*,Z\,@6-0#7&05,@5#@Q8-0=*5@,>-[G8*0*, U8#@*,>*P#6%0PL(*0#5))8#0*#*,/5,@*P*>#80,>*,@* U*#%*2L%*60>5/*,H D]H =66#@*#- NL, /*#)2'(0 8G @* -*#/'*%8-0*, 0L@> 0* P*052*,Hh5,,**#*#**,2*>0*G>*-'(2P*-0550W@*,0*2%* P*052,> 522**, @* U*#%*2L%* P*@#5>*, 0* P*/500*, U*2%* U8#@*,,>*(86@*,H Dp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d,'26-*3/*#2*,>,>*,f G8*0*,/88#N*,,**,#*-8260*/5,P*@*)5#0L*,8GN8 G*,,>-/*#-'(22*, @88# G@@*2 /5, (*0 >*P#6% /5, 520*#,50*/*>*-'(22*,P*-2*'(0,>d9?Rf52-88%**,520*#,50*3 /88#@*#*'(0P5,%/*#*-*,W0*U**#2*>>*,H BBH \,@*, )5#0L*, **, P*G@@*255# 83 **, 8,53(5,%*2L%* @*-%6,@>*,*0 (*0 >*-'(2 %6,,*, 8)28--*, G*0 @* ;\Q& G8*0*,)5#0L*,8)55,/#55>**,>*-'(%0)*#-88,,8G,*#*,H h55# >**, (66#'8,0#5'0*, >**, 9?R (*PP*, 8)>*,8G*,W U8#@*, )5#0L*, *#55, (*#,,*#@ @50 *#,*0- - 8G N* 0* "#0,/""#("//,#2%5/")%5"#/%/""#+,#-+,#-+,#.,/0*/,"5"/>"/'")),#2/%/."'1,;")%./"#1%%'G\"&"'4*#&."H+,#)"4;"#/'*A "#& &

#*-82/*5@-)60*H Q+5"/+#">> BjH Q8GG6,'508, 5,@ '8,-620508, P*0U**, G5,5>*#- 5,@8''6)*#--08P*0G*275,@#*>625#08*,'86#5>*5,@ )#8G80* >88@ U8#%,> #*2508,-()- 5,@ 6,@*#-05,@,> U0(#*>5#@080(*)#8/-8,W#*2*/5,'*W'8-05,@k6520783 -*#/'*-H BJH:5,5>*#-U22--6*P6@>*0-088''6)*#-W,'26@,>5, *b)25,508#7'8gg*,05#7502*5-08,*g8,0()#8#080(* -05#0830(*-*#/'*'(5#>*7*5#H1*052*@-050*G*,0-83 5'0652*b)*,@06#*W08>*0(*#U0(5''86,0,>)82'*-5,@ *b)25,508#7 0*b0W U22 P* --6*@ U0(, 386# G8,0(- 83 0(* *#/'*'(5#>*7*5#O*,@H Q%.#>6.%"#<0& BEH +#5,-)5#*,'7 - *--*,052 08 5'(*/,> >88@ '8GG6,'508,H R7 P*,> 0#5,-)5#*,0, 0(* 5''86,0-W 0(* *b)25,508#7,80*-w)82'*- 5,@@57O08O@57 G5,5>*G*,0W 0(* G5,5>*# U22 (*2) )#*/*,0 @-)60*-H T#8G)0,803'508, 83 G50*#52 /5#5,'*- 08 )25,- 8# 38#*'5-0- *,-6#*- P*00*# U8#%,> #*2508,-()- P*0U**, 8U,*#W G5,5>*#5,@8''6)*#H U./("&F'%&5'#"0& BKH&*#/'*k65207-08P*5))#8)#50*080(*28'508,W6-* 5,@ '(5#5'0*# 83 0(* )#8)*#07H +(* 5,5>*# - 6#>*@ 08 )#8'6#*k65207-*#/'*-05,@5#@-08*,-6#*0(50/526*38# G8,*7-5'(*/*@ 50 522 0G*-H +(* 5G - 08 5'(*/* *33*'0/*W/526*O38#OG8,*7-*#/'*#50(*#0(5,G*#*270(* 28U*-0)#'*H 4+5+.+'#>&'F&7"&',"& D,./,#24"*."/"'5. +(- Q8@* '5,,80 8/*##@* 0(* 2*5-* P60W 3 #*5@, '8,L6,'08,U0(0W0'5,*,5P2*6-*#-08@*,0370(*P*-0 U5738#U5#@,,0*#)#*0,>0(502*5-*08*,-6#**33*'0/* G5,5>*G*,083-*#/'*-H9-P6-,*--)#5'0'*'8,-05,027 */82/*-W-80-U0(-*#/'*'(5#>*-HV*>8050,>5,*U 2*5-*W8#0(*#*,*U52835,*b-0,>2*5-*W)#8/@*-5,@*52 8))8#06,07 08 *,-6#* 0(50 G8@*#, 5,@ 32*bP2* P*-0)#5'0'*-*#/'*'(5#>*'256-*-5#*,'8#)8#50*@U0(, 0(*2*5-*'8,0#5'00835'2050**33*'0/*G5,5>*G*,0830(* )#8)*#075,@5@0(*#*2508,-()-P*0U**,0(*)5#0*-H9, 91;'256-*U22*,5P2*5,7@33'620*-@6#,>0(*0*#G83 0(*2*5-*08P*#*-82/*@*33'*,027H J'%=%'/,%#*4,/9 +(**b0*,008u('(8u,*#-5,@g5,5>*#--(862@-**%08 '8G)27U0(0(*#*'8GG*,@*@P*-0)#5'0'*)#8'*--*-5,@ )#8'*@6#*--*0@8U,,0(-Q8@*U22830*,@*)*,@8,5 /5#*07 83 --6*-W -6'( 5-0(* -N*W,506#* 5,@ 07)* 83 )#8)*#07n0(*5>>#*>50*830(*08052-*#/'*'(5#>*'8-0-n 5,@0(*5G86,0-)575P2*P7,@/@6528''6)*#-WU('( 5#*2%*2708P*'8,--0*,0U0(P*-0O/526*)#,')2*-H V*/*#0(*2*--W8U,*#-WG5,5>*#-5,@8''6)*#--(862@50 5220G*--**%08'8G)27U0(0(*'8#*)#,')2*--*0@8U,,0(-Q8@*H -08))*,8G,0*-0*GG*,G*0**,9?R*,@*N*>*P#6%*,8G **,>*-'(28)0*28--*,H BjHQ8GG6,'50**,'8,-62050*06--*,G5,5>*#-*,(66#@*#- @*,00L@>*,#*>*2G50>)2550-0*/,@*,*,@*,08G>8*@* U*#%#*250*- 0* P*/8#@*#*, G*0 P*0#*%%,> 080 2*/*#,>W #*2*/5,0*W%8-0*,*33*'0/0*0*,%U520*0/5,@*@*,-0*,0* U55#P8#>*,H BJH:5,5>*#-N622*,@*P6@>*00*,W/88#N*,/5,**,/*#%25#,>W 0*,G,-0***,G55,@/88#55,/5,>/5,(*0-*#/'*%8-0*,L55# /*#-0#*%%*,H?*@*0522**#@*/*#%25#,>*,*,53#*%*,,>*,/5, @*U*#%*2L%*60>5/*,W-5G*,G*03,5,'v2*/*#-25>>*/,>*, @*/*#%25#*,@*0*%-0WN622*,P,,*,/*#G55,@*,,5*,@*/5, (*0-*#/'*%8-0*,L55#U8#@*,/*#-0#*%0H BEH +#5,-)5#5,0* - *--*,0**2 /88# (*0 P*#*%*, /5, **, >8*@* '8GG6,'50*H 188# 0#5,-)5#5,0 0* NL,, @* P8*%(86@,>W@*08*2'(0,>W(*0P*2*@*,@5>*2L%-P*(**#WN52 @0@*/5-0>8*@G5,5>*#(*2)*,8G>*-'(22*,0*/88#%8G*,H M,G@@*22L%*G*2@,>/5,53UL%,>*,83/88#60N'(0*,N8#>0 /88#**,P*0*#*U*#%#*250*06--*,*>*,55#W/5-0>8*@G5,5>*# *,(66#@*#H BKHmU520*0/5,@*@*,-0/*#2*,,>-53>*-0*G@8)@*28'50*W (*0>*P#6%*,(*0%5#5%0*#/5,(*0/5-0>8*@H1*G5,5>*# U8#@0 55,>*-)88#@ 8G %U520*0-,8#G*, /88# @* @*,-0/*#2*,,>*,)#L-O%U520*00*,522*,0L@*0*>5#5,@*#*,H =*0 @8*2-8G **, *33*'0*/*W )#L-O%U520*0 @*,-0 0* #*52-*#*,,)2550-/5,522**,@*255>-0*)#L-H & X"./**#&" :00'1%%'+**'&"# 1*N*'8@*%5,,*0@*(66#8/*#**,%8G-08/*#-'(#L/*,G55# %5, U*2, -5G*,(5,> G*0 @* (66#8/*#**,%8G-0 U8#@*, >*2*N*,H =*0 %5, (66#@*#- (*2)*, 8G @* P*-0* -05))*, /88#U55#0-0*G5%*,,(*0P*(**#/5,@*N*@*,-0*,*,@*N* 0*/*,-0*@*,03'*#*,*,0*U55#P8#>*,,**,)#5%0L%@* /88#0@6#*,@ 55, /*#5,@*#,> 8,@*#(*/> -H M,@*#(5,@*2*, 8/*#**,,*6U*(66#8/*#**,%8G-0W83@*/*#2*,>,>/5,**, P*-055,@* (66#8/*#**,%8G-0W P*@0 **, @*52* >*2*>*,(*@ 8G*#/88#0*N8#>*,@50@*G8@*#,**,32*bP*2*P*-0)#5'0'* -*#/'*%8-0*, '256-62*- U8#@*, 8)>*,8G*,, (*0 (66#'8,0#5'08GN8**,@8*20#*33*,@P*(**#/5,(*0/5-0>8*@ 0* /*#>*G5%%*2L%*,H "*, 91;O'256-62* N52 >*@6#*,@* @* 288)0L@/5,(*0(66#'8,0#5'0(*2)*,8G>*-'(22*,*33'v,08) 0*28--*,H 1"#'"&,2:",& 1*G50*U55#,*>*,5#*,*,G5,5>*#-G8*0*,-0#*/*,8G0* /82@8*, 55, @* 55,P*/82*, P*-0 )#5'0'* )#8'*--*, *, )#8'*@6#*- @* NL, /5-0>*2*>@, @*N* Q8@*W - G*, /55% 53(5,%*2L%/5,**,/*#-'(*@*,(*@55,8,@*#U*#)*,WN852- @*8G/5,>W55#@*,07)*/5,*>*,@8GH=*0080552/5,@* -*#/'*%8-0*,%8-0*,-,'26-*3@*#*%*,,>/5,@*,@/@6*2* (66#@*#- @* NL, /5-0>*-0*2@H M8% G8*0*, *>*,5#*,W /5-0>8*@G5,5>*#- *, (66#@*#- 0* 522*,0L@*)#8P*#*,0*/82@8*,55,@*P5--)#,')*-N852-@* NL,/5-0>*2*>@,@*N*Q8@*H "#0,/""#("//,#2%5/")%5"#/%/""#+,#-+,#-+,#.,/0*/,"5"/>"/'")),#2/%/."'1,;")%./"#1%%'G\"&"'4*#&."H+,#)"4;"#/'*A "#& &

=*#8,@*#U8#@*,@*P*)52,>*,60@*Q8@*83&*#/'*Q(5#>*d;\Q&fWBCDJf/*#@*#60**,>*N*0H=*0>550 (*#PL8G**,/*#052,>/5,(*0",>*2-,55#(*0V*@*#25,@-/5,@*#'(02L,*,N852-@*NL,8)>*,8G*,,@* ;\Q&Q8@*83&*#/'*Q(5#>*d;\Q&fWBCDJfH B]78\8EI6BI8Z68FYI@8`\\G68FESaRb3=AWwRlH 1*;\Q&Q8@*83&*#/'*Q(5#>*->**30#'(02L,*,/88#(8*0*(5,@*2*,G*0@*5@G,-0#50*/*/*#U*#%,>/5, -*#/'*%8-0*,HS5,G5,5>*#-*,>*P#6%*#-U8#@0/*#U5'(0@50NL@*'8G)2*b0*0W-05,@55#@*,*,>*2*/*#@* -*#/'*%*,,*,/5,(*0P*0#*33*,@*'8G)2*bH1*;\Q&-0*20@50@*G5,5>*#/*#5,0U88#@*2L%-F O /88#(*0N8#>*,@50@*-05,@55#@*,/5,@*/*#2**,@*@*,-0*,>*G8,08#@U8#@*,n O /88#@*%8-0*,*,%U520*0/5,@*@*,-0*,%#0-'(*,,*60#552U8#@*,P*%*%*,n O /88#(*03*0@50U8#@055,>*088,@@50@*G,G52*-*#/'*-05,@55#@*,U8#@*,>*(552@*,@50 @*U55#@*,#*250*-0550080@*%8-0*, =*0U8#@0@88#@*;\Q&55,P*/82*,8G(*0P*2*@*,@*)#8'*@6#*-/5-00*-0*22*,*,8G@*5@G,-0#50*W P*(**#/5,@*,-0*,*,(*0N8#>*,/88#,5%8G,>/5,/*#)2'(0,>*,/5,*>*,55#*,(66#@*#*,@50@*@*,-0*, U8#@*, 55,>*P8@*, 8) **, *33'v,0*W *'8,8G-'(*W %8-0*,O/*#5,0U88#@*2L%* *, /*2>* G5,*#H "33*'0*/* '8GG6,'50*-@*-2*60*2080-6''*-H=*0@8*2/5,@6@*2L%*'8GG6,'50*-@5,88%8G0#5,-)5#5,0*06--*, @*/5-0>8*@G5,5>*#*,@*(66#@*#0*%#L>*,8GN888%55,0*08,*,(8*2*/*#,>*,*,@*,-0*,U8#@*, 55,>*P8@*, *, >*G5,5>*@H S*#@*# >550 @* ;\Q& 88%, 8) G5,5>*G*,0 3**- *, @*#>*2L%* U*2%* U8#@*, P*-0*G)*2@52-%8-0*,/88#(*0G5,5>*,/5,*,/*#2*,*,*b0#5-*#/'*0*#)2*%%*H1*N*(86@*,,F O /*#>8*@,>/88#(*0P*88#@*2*,/5,U*#%N55G(*@*,0*#)2*%%*n O %8-0*,/5,Z8,O-0*[G5,5>*G*,0WN852-'*,0#6GO*,35'207G5,5>*#-H =*#PL-(*0U*2/5,P*25,>8G*#/88#0*N8#>*,@50@55#U55#**,#*>8,55235'205#G5,5>*#U8#@0,>*N*0 8G**,55,052N5%*,0*#*>*2*,*,0*G5,5>*,W@*,*,@*/*#5,0U88#@*2L%*G5,5>*#-N'(*#U*2/5,P*U6-00* NL,@50@**b0#5%8-0*,@*@55#/88#,8@>NL,W,8/*#**,-0*GG,>-G*0@*)#L-O%U520*0/*#(86@,>H=*0- @55#8G P*25,>#L% @50 *# 0#5,-)5#5,0* - 8/*# @*N* %8-0*, *, @50 *# **, @6@*2L%* G5,5>*G*,0-0#6'066# 55,U*N> - U55#, @* %8-0*, @6@*2L% U8#@*, >*Y@*,03'**#@ *, U8#@*, 08*>*2'(0H =*0 U8#@0 @55#8G 55,P*/82*,8G@*N*>*>*/*,-8)0*,*G*,,@*08*2'(0,>*,P*>#80,>WG*0@55#,**,@6@*2L%*/*#%25#,> /5, @* U*#%*2L%* 60>5/*, 55, @*N* 35'207O *, '*,0#6GG5,5>*#-H 1* ;\Q& >550,8> /*#@*#, 8) @* G5,5>*G*,0%8-0*,*,-0*20@55##'(02L,*,/88#8)H1*N*>55,,8)(*0@88#P*25-0*,/5,G5,5>*G*,0%8-0*, *,@55@U*#%*2L%>*G55%0*%8-0*,W28'50*O%8-0*,/88#35'207O*,'*,0#6GG5,5>*#-W-*'#*05#*--*-W(8-0*--*-W*0 '*0*#5H1*;\Q&>5500*/*,-,8)Z'8,0#5'0)#8'6#*G*,0[W-05,@55#@-50**,@*(*#/88#P*,8@>@*53-)#5%*,@* @55#/88#/5,P*25,>NL,HS5,@*G5,5>*#83,%88)-)*'52-0U8#@0/*#U5'(0@50NL(55#/*#5,0U88#@*2L%(*@,**G0/88#F O 1*/*#-0#*%%,>/5,/822*@>*)#*O%U523'50*5--*--G*,0-/5,2*/*#5,'*#-*,55,,*G*#-8) (*0/25%/5,(6,3,5,'v2*@#55>%#5'(0*,P*U*N*,,52*/,>>*N8,@(*@*,/*2>(*@n O?*)5-0* -'(5@*/*#>8*@,> 0*, 55,N*, /5, @* @*,-0*, /88#N*,W 8,@*# G**# /5 8,@*#55,,*G*#- @* 8,@*#,*G,>*, dg*0 /88#N*,,>*, /88# /88#53>55,@* >8*@%*6#,> @55#/5,fn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

F_77[\8FBI8\F_\E[@IBI8G68FESaRb3=ARjH 1*;\Q&Q8@*83&*#/'*Q(5#>*->**300*/*,-#'(02L,*,/88#'8GG6,'50**,'8,-62050*/5,@*-*#/'*%8-0*,H &2*'(0*'8GG6,'50*8/*#-*#/'*%8-0*,>**30/55%55,2*@,>080>*-'(22*,H"33*'0*/*'8GG6,'50*-@* -2*60*2080-6''*-W(*0@8*2-8G0#5,-)5#5,0*0*P*@*,06--*,@*G5,5>*#*,@*(66#@*#,@*G5,*#U55#8) @*-*#/'*%8-0*,U8#@*,@88#P*25-055,@*(66#@*#-H1*;\Q&-0*20@55#8G@50@*'8GG6,'50*-0#88G0L@>*, '8,0,6G8*0)2550-/,@*,H10U*#%0(*0P*-0*U5,,**#G5,5>*#-*,(66#@*#->8*@8G>55,G*0*2%55#-/#5>*, *,U*@*#NL@-*/*#)2'(0,>*,H:5,5>*#-U8#@*,>*5@/-**#@8G3**@P5'%/5,(66#@*#-G**0*,*G*,*,@*N* @88#0*/8*#*,,@*-*#/'*%8-0*,H=*#PLG8*0*,NL5'0*8,@*#,*G*,*,(66#@*#-/88#N*,/5,3**@P5'%U55#,8@>H \8[M\XEIBB\]@BEEG68FES-Rb3=ARqhRn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h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v,0*,dN8U*2(66#@*#-52-/*#(66#@*#-f*,@*G5,5>*#-/5,@*-*#/'*%8-0*,,8/*#**,-0*GG,> G*0@*ZP*-0)#5'0'*-[0*5@/-*#*,H=*0U8#@055,P*/82*,8G-5G*,G*0@**>*,5#*,W(66#@*#-*,(6, 5@/8'50*,0*N8#>*,@508)(*0>*P*@/5,-*#/'*%8-0*,@*(66#8/*#**,%8G-0U8#@0>*-)*>*2@55,@*N*'8@*H 10N522*@*,080**,*33*'0*/*#-*#/'*%8-0*,O)#8'*-HM)(*0G8G*,0/5,**,G8>*2L%(66#8/*#**,%8G-0O /*#,*6U,>N622*,@*-*#/'*%8-0*,'256-62*-N*%*#PL>*U*#%0G8*0*,U8#@*,55,@*(6@>*8,0U%%*2,>*,, @* G5#%0H =*0 U8#@0 55,P*/82*, 8G,*6U* (66#'8,0#5'0*, 8) 0* -0*22*, G*0 /82@8*,@* 32*bP20*0 8G /*#5,@*#,>*,*,ZP*-0)#5'0'*-[@88#0*%6,,*,/8*#*,H =*0-/55%G8*2L%8G)#*'*-0*/88#-)*22*,U*2%*@*,-0*,%6,,*,U8#@*,/*#-0#*%0*,@*G8*0*,U8#@*, >*@*%0@88#@*-*#/'*%8-0*,H=*#PL-(*0/*#GL@*,/5,#-'8[-/5,(*055,>55,/5,@*%8-0*,@*P60*,@* -*#/'*%8-0*,%6,,*,/522*,WP*25,>#L%H+*,NL**,(66#8/*#**,%8G-0@6@*2L%*38#G62*#,>P*/508/*#@*N* %8-0*,Hh5,,**#@55#*,0*>*,@**>*,55#,>*@5'(0*,8GP*)552@*-*#/'*%8-0*,@88#0*P*25-0*,WN52(L83NL,(*052>*G**,,*0,-0550NL,8G@*N*'256-62*0*>*P#6%*,*,@*N*%8-0*,@88#0*P*25-0*,H O8\B\F8@F_\I6_@\F_7JI\I8EG68FESaRb=ARWwSbH 1* ;\Q& Q8@* 83 &*#/'* Q(5#>*- -0*20 #'(02L,*, 8) /88# 3,5,'v2* '8,0#82* *, '8G)*0*,0*- /5, @* -*#/'*%8-0*,H1*N*'8,0#82*2*@0080**,**,@6@>)#8'*-*,@#55>0PL55,0#5,-)5#5,0*/5,(*0)#8'*-*, P*25-0,>/5,@*-*#/'*%8-0*,HA55#8)>5/*,/5,-*#/'*%8-0*,@*,*,0*/88#N*,NL,/5,**,60>*P#*@*2L-0 G*0P8*%(86@,>W(*0P*2*@@50->*/8*#@*,@*P*>,-*2*,U55#8)@*-*#/'*%8-0*,53#*%*,,>-8)>*-0*2@F O @*L55##*%*,,>-8)>*-0*2@8)%5-P5--838/*#288))8-0*,n O @**>*,55#/#L-0*22,>(**308G/*#/522*,R+h55,0*#*%*,*,n O **,P*-'(#L/,>/5,(*0P*88>@*@8*2/88#*2%*#*-*#/*)8-0W-5G*,G*0 **,602*>8/*#@*3-'52*53(5,@*2,>/5,@*N*PL@#5>*,n O **,8/*#N'(0/5,522*60>5/*,/5,@*#*-*#/*-W-5G*,G*0(*08)*,*,/5,**,#*%*,,>*,**, *,@P525,-W*,(*0P*@#5>/5,@*#*,0**,@*P*0552@*P*25-0,>,@*P*0#*33*,@*)*#8@*n O **, 5,527-* /5, 522* /*#-'(22*, 06--*, @* P*>#80,> *, @* U*#%*2L%* 60>5/*,W G*0 **, >*@*0522**#@'8GG*,055#8)0#*,@-*,53UL%,>*,n "#0,/""#("//,#2%5/")%5"#/%/""#+,#-+,#-+,#.,/0*/,"5"/>"/'")),#2/%/."'1,;")%./"#1%%'G\"&"'4*#&."H+,#)"4;"#/'*A "#& &

O >*0*%*,@*/*#%25#,>*,/5,@*5''86,05,0-*,X83G5,5>*#G*0P*0#*%%,>080'8G)25,'*W 3,5,'v2*,56U%*6#>(*@*,(*0>*P#6%/5,(*0L6-0*P8*%(86@%6,@>*P*2*@n O A55#2L%-*/*#%25#,>*,/5,@*-*#/'*%8-0*,60>5/*,G8*0*,U8#@*,>*'*#03'**#@@88#@* G5,5>*#8G0*P*/*-0>*,@50NL**,'8G)2**0*,,56U%*6#>P**2@/5,@*60>5/*,>*/*,@* @88#@**>*,55#,-*#/'*%8-0*,/5,(*0>*P86UNL,8)>*,8G*,W*,@50@**>*,55#, 8/*#**,-0*GG,>-G*0@*/88#U55#@*,/5,@*(66#'8,0#5'0*,H O A55#2L%-* /*#%25#,>*, /5, -*#/'*%8-0*, 60>5/*, @*,*, 0* U8#@*, P*88#@**2@ @88# **, 8,53(5,%*2L%*5''86,05,0H"'(0*#W8G,8/*#**,-0*GG,>G*0@*ZP*-0)#5'0'*-[55,@*N**- 0*/82@8*,G8*0@08/*#U8>*,U8#@*,52-8)0*/88#%2*,*#*/5-0>8*@8PL*'0*,*,NL,@*N* 53(5,%*2L%/5,@*%U5,06G*,@*55#@/5,@*60>5/*,H O \,(*0'*#03'*#*,/5,@*-*#/'*%8-0*,W(*PP*,G5,5>*#-**,N8#>)2'(0/88#N8U*2*>*,5#*, 52-(66#@*#-8G0*(5,@*2*,G*0)#83*--8,*2*N8#>W08*UL@,>W,0*>#0*0*,8PL*'0/0*0H O 92- @* (66#8/*#**,%8G-0 (*0 /*#*-0 8G **, 56@0 60 0* /8*#*,W @5, G8*0 @0 U8#@*, 60>*/8*#@W 0*,NL @* (66#@*#- -'(#30*2L% P*/*-0>*, @50 @0,*0 /*#*-0 -H \, @*N* 8G-05,@>(*@*,G8*0**,8,53(5,%*2L%/*#-25>/5,@*5''86,05,0-U8#@*,/88#P*#*@H RL(*0/*#-0#*%%*,/5,@*-*#/'*-*,@*,-0*,WU8#@0@**>*,55#X/5-0>8*@G5,5>*#0*,522*,0L@*55,>*#5@*, 0*-0#*/*,,55#@*Z/526*38#G8,*7[*,8G**,*33*'0*/*@*,-0/*#2*,,>0*P*#*%*,,)2550-/5,@*255>-0* )#L-H{S526*38#G8,*7{%5,**,/86@>U8#@*,>*@*3,**#@52-{(*0P*052*,/5,,*0G**#@5,,8@>-/88#,*0 G,@*#@5,,8@>-{H=66#@*#-NL,)#8O5'0*3,(*0PL-055,/5,G5,5>*#-G*0(*060/8*#*,*,>*P#6%*,@* @*,-0*,@*,8/*#**,-0*GG,>NL,G*0(*0@8*2/5,(*0P*#*%*,/5,ZU55#/88#L*>*2@[WNL,PL/88#P**2@W(*0 -'(*@*,/5,53/52,55#>*-'(%0**,#*,@5P*2*#*'7'2,>0*/*#>*G5%%*2L%*,NL,H=*0-@*/*#5,0U88#@*2L%(*@ /5,@*G5,5>*#8G522*%8-0*,,(*088>(86@*,W*,,/88#%8G*,@>*/52dG**-0528G@*@#*L55#fW/5,@* '8,0#5'05,0*,*,2*/*#5,'*#-8G'8,'6##*#*,@*833*#0*-,0*@*,*,H "#%&%'(##"()#'*#+"#%&#"'()*+%(),('"#"%&%'(%)%'#""#%"#%%#&'""#%&"#%&"#"##%& R*>#80,>*,)#8/-*/88#08*%8G-0>*60>5/*,*,#'(02L,*,/88#/*#/5,>,>*,/*#P*0*#,>/5,,-052250*- U8#@*,@88#@*;\Q&/8#G>*>*/*,,**,(5,@2*@,>@55#/88#H1*N*(5,@2*@,>G8*0N8#>*,/88#@6@*2L%(*@ *,0#5,-)5#5,0*,@*P*>#80,>*,0*'(,-'(*'HkH3,5,'v2*2*/*,-@66#/5,0*'(,-'(*,-052250*-H"#8,0-055, @-'6--*-8/*#N5%*,83@*,-0*,@**,25-0*830*,>8*@*,@/@6**283'822*'0*3U8#@*,@88#P*25-0HS55% 2*@*,@*#>*2L%*@-'6--*-,*0080#*'(0-N5%*,W@55#@*N*/55%0L@#8/*,@*,@66#NL,*,(*0P*@#5>55,0* P*052*,-*#/'*%8-0*,@50,*0#*'(0/55#@>0H155#8G%*N*,)5#0L*,W/88#52(66#@*#-W*#/55%/88#@*%8-0*, G55#>*U88,0*P*052*,,)2550-/5,@*N*N5%*,55,0*/*'(0*,H1*;\Q&5@/-**#0(66#@*#-8GWP*(86@*,-@* P*@#5>*,@*8,0*#*'(0U8#@*,@88#P*25-0W@*8/*#>*-*#/'*%8-0*,U*20*P*052*,8G@50NL@500*,-2800* /*#)2'(0 NL,H "*, 5,@*#* /8#G /88# (*0 8)28--*, /5, >*-'(22*, PL -*#/'*%8-0*, - @* 91; d520*#,50*/* >*-'(22*,P*-2*'(0,>fH 1*N* P*@ **, G**# %8-0*,*33*'0*/* G5,*# /5, (*0 8)28--*, /5, -*#/'*%8-0*, >*-'(22*,*,(*0U8#@0@88#@*;\Q&55,P*/82*,8G@0)#8'*-,8>/*#@*#600*%#-0522-*#*,*,,0*N*00*,8) /88#,5G*2L%@*)6,0*,U55#(*0(66#'8,0#5'0>**,60-260-*2P*@0HS55%U8#@0/*#/82>*,-**,8,53(5,%*2L% *b)*#0p*)52*,u**#>*2l%(**30*,u50*#-53>*-)#8%*,,@*(66#8/*#**,%8g-0h \,@*53>*28)*,L5#*,NL,@*(66#'8,@0*-*,2*,>0*/5,(66#'8,0#5'0*,55,/*#5,@*#,>8,@*#(*/>H"'(0*#NL, /**28,@*#(86@-)8-0*,WP6@>*0*,W/-*-*,8,@*#(86@-'8,0#5'0*,>*2L%>*P2*/*,H102*@0*#08*@50*>*,5#*,W G5,5>*#-*,(66#@*#-/5,/5-0>8*@N8#>/62@>G8*0*,8/*#U*>*,(8*NLN'(N622*,(*#-0*22*,*,(8*@*#>*2L%* N5%*,(*#-0*2@@*,*,0*U8#@*,W@5,U*2@*%*6N*G8*0*,G5%*,83(*0>*2@,@*#@55@U8#@060>*>*/*,H=*0 U8#@0@55#8G@88#@*;\Q&55,P*/82*,8G**,>8*@*)25,,,>/88#)#*/*,0*3*,)25,G50>8,@*#(86@0* G5%*,WN8@50,55-0@*#*>62*#*60>5/*,/88#*>*,5#*,W(66#@*#-*,@*#@*,%5,U8#@*,P*)552@83**,G52>*W,'@*,0*2*60>5/*,55,/*#/5,>,>/5,P*25,>#L%*5))5#5066#52-#820#5))*,83/*#U5#G,>--7-0*G*,U8#@*, 60>*>*/*,H?#80*60>5/*,G*0**,0*#6>%*#*,@%5#5%0*#%6,,*,0*/*,-2*@*,08055,N*,2L%*-'(8GG*2,>*,, @* -*#/'*%8-0*,H =*0 - @55#8G /5, P*25,> @50 *# @6@*2L% 8,@*#-'(*@ U8#@0 >*G55%0 06--*, /*#/5,>,>-%8-0*,*,8,@*#(86@-%8-0*,@*/88##*%*,,>/5,**,*>*,55#NL,W83/*#/5,>,>-%8-0*,@*/88# #*%*,,> /5, **, (66#@*# NL,H RL P*@*, G8*0 (*0 @6@*2L% U8#@*, /5-0>*2*>@ U* U55#/88# NL, /*#5,0U88#@*2L%(*@*,*,)2'(0*,(**30H=*#08*-**,/82>*,@*2L-08)>*-0*2@@*,>5508)/*#/5,>,>*, P6@>*0P*>#80,>*,'HkHZ-)55#)80L*-[F O 1*>*2@*,@*/5,(66#@*#-U8#@*,/*#N5G*2@*,@*,*,/88#@*-*#/'*%8-0*,W@*,*,8)**, 53N8,@*#2L%**,@-'#*0*P5,%#*%*,,>0*U8#@*,>*-08#0n O S5,@**>*,55#83/5-0>8*@G5,5>*#U8#@0/*#U5'(0@50(L**,#*@*2L%*-'(500,>%5,G5%*, /5, P*,8@>@* PL@#5>*, d/88#-'(800*,f U*2%* @* -)*'3*% P*0#*%%,> (*PP*, 8) /88#53 "#0,/""#("//,#2%5/")%5"#/%/""#+,#-+,#-+,#.,/0*/,"5"/>"/'")),#2/%/."'1,;")%./"#1%%'G\"&"'4*#&."H+,#)"4;"#/'*A "#& &

P*)552@*60>5/*,dPL/88#P**2@#*)5#50*83/*#/5,>,>/5,(*0@5%WP82*#-W230W*0'Hf,)2550- /5,@*5,@*#*>*Y@*,03'**#@**,,'@*,0*2*08*%8G-0>*60>5/*,n O 1**>*,55#83G5,5>*#-/*#)2'(08G**,@6@*2L%*602*>/5,@*P*#*%*,,>/5,@*PL@#5>* *,@*)6,0*,U55#8)@*N*P*0#*%%,>(**300*>*/*,W*,N52**,#*52-0-'(*,-'(500,>G5%*, /5,@*/*#U5'(0*2*/*,-@66#/5,@*5))5#5066#83@*,-0U55#/88#(*0>*2@U8#@0>*P#6%0n O RL@*53#*%*,,>/5,@*-*#/'*%8-0*,N52**,@6@*2L%*/*#%25#,>/5,@*8)>*,8G*,P*@#5>*, *, 60>5/*, /5, (*0 P6@>*0W -5G*, G*0 @* -52@ 55, (*0 P*>, *, *,@ /5, @* -*#/'*%8-0*,#*%*,,>n O RL@*/*#%88)/5,(*0/5-0>8*@N52@*/*#%8)*#@*>*#*-*#/**#@*>*2@*,8/*#@#5>*,55,@* %8)*#W-5G*,G*0*/*,06*2*8)>*P86U@*#*,0*H=*0-#55@N55G8G5@/*-0*/#5>*,55,**, 55,**,*b)*#08G0*U55#P8#>*,*,*#8)08*0*N*,@50*#8)**,)5--*,@*ULN*G*0@* >*2@*,U8#@08G>*>55,H MG>*-'(22*,0*/88#%8G*,*,8/*#**,-0*GG,>0*P*#*%*,-(*0P*25,>#L%@50@*-*#/'*%8-0*,U8#@*, G**>*,8G*,,@*53-)#5%*,@*U8#@*,>*G55%0G*0@*(66#@*#-*,/88#@50@*(66#@*#-88%@*3,5,'v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cBB7Y8]G68FESaRb3=ATThTbH 1*;\Q&-0*20#'(02L,*,8)/88#(8*G*,8GG8*0>55,G*0@66#N55G(*@*,G8>*2L%**b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n O 1* 60/8*#,> /5, U*#%N55G(*@*, @* @66#N55G(*@-)#*-050*- *, G2*6)#*-050*- 0* /*#P*0*#*,WG8>*2L%0*G5%*,n O &05>,50*8)U*#%N55G(*@*,G*052-@8*2@*G2*6)#*-050*-0*/*#P*0*#*,W0*/88#%8G*,H \,8/*#**,-0*GG,>G*0@*P*>,-*2*,/5,@*Q8@*@*@*;\Q&(**308)>*-0*2@U8#@*,(*#,/*#P*0*#@* @66#N55G(*@-G550#*>*2*,*,5,@*#*G550#*>*2*,/88#/*#P*0*#,>/5,(*0G2*6,55,G*#%,>>*,8G*,PL @*P*88#@*2,>/5,**,P*)552@*@*,-083)#8/@*#H1*N*N86@*,@55#8G88%52-N8@5,>52-**,*2*G*,0,@* %8-0*,O*,P50*,5,527-*/*#U*#%0G8*0*,U8#@*,8GN8@**b0#5%8-0*,P8/*,8)@*,8#G52*%8-0*,/5, 8,@*#(86@W#*)5#50**,/*#/5,>,>0*%6,,*,#*'(0/55#@>*,H",*#>*)#*-050*'*#03'50*,G8>*,*'(0*#,*0, @*-*#/'*%8-0*,U8#@*,8)>*,8G*,W@0NL,%8-0*,-)*'3*%/88#**,*>*,55#H "#%&'()#'*+&*&%%"##%&'())*(+#*&"#%&"'()*+(,*'#"-"#%"#%"#%"#%#&#' +80-280>**30@*;\Q&,8>-)*'52*60>5,>-)6,0*,@*-)*'3*%>*2@*,/88#U,%*2'*,0#5H1*;\Q&-0*20#'(02L,*, 8)/88#(8*G*,G8*08G>55,G*0-)*'3*%*N5%*,@*>*2@*,/88#U,%*2'*,0#5*,(8*G*,@55#G**G8*0 8G>55,H188#@50@*;\Q&(*#/88#**,(5,@2*@,>8)-0*202*@0@0080*b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

*/*,0- *, @*#>*2L%*H 1* -*#/'*O *, )#8G808,*2* 60>5/*, @*,*, 0#5,-)5#5,0 0* NL, *, >*N*, (*0 **, >*N5G*,2L%/88#@**2P*@/88#522*)5#0L*,W@*,088%@**>*,55#(*#,**,PL@#5>*0*@8*,Hh55#PLU*2 @6@*2L% U8#@0 >*G55%0 @50 PL/88#P**2@ #*OP#5,@,> /5, **, U,%*2'*,0#5 080 *>*,55#-25-0*, P*(88#0 *, )#8G80* /5, 5'0/0*0*, PL/88#P**2@ U*2 '822*'0*3 U8#@0 P*0552@H =*0 - P*25,>#L% @50 G5#%*0,>O *, )#8G80*)25,,*,/88#53>55,@55,@*)*#8@*U55#8)@*N*P*0#*%%,>(*PP*,WU8#@*,>*'8GG6,'**#@G*0@* (66#@*#-H+*/*,--(*0N,/828G#*>*2G50>@*)25,,*,G*0@*U,%*2*#-/*#*,>,>*,(66#@*#-0*5,527-*#*, 8)*33*'0/0*0*,*#N8/88#0*N8#>*,@50@*>*-0*2@*@8*2*,U8#@*,>*#*52-**#@H=*0-88%P*25,>#L%/88# N8U*2@**>*,55#52-@*(66#@*#@50NL*#%*,,*,@50(*0**,>*N5G*,2L%@8*2(**30*,(*0@55#8G0*/*,-**, >*N5G*,2L%* /*#)2'(0,> - 8G )#85'0*3 0* '8GG6,'*#*, 8/*# @* P*-0* 55,)5% /88# G5#%*0,> /5, @* U,%*2'*,0#5H+*/*,-U8#@0@88#@*;\Q&55,P*/82*,8G/88#*2%)25,@50**,'*,0#6G**,,*6U*G)62-%5, >*/*,W@0U8#@0P*-)#8%*,06--*,@**>*,55#XG5,5>*#*,@*(66#@*#N8@50G*,%5,,-0*GG*,G*0@* /*#@*2,> /5, %8-0*, *, @*#>*2L%*H 1* %8-0*, /5, *,0*#05,G*,0W 500#5'0*-W %*#-0@*'8#50*-W *, 5,@*#* -*N8*,->*P8,@*,@*'8#50*-*,>*P*6#0*,--*,P,,*,U,%*2'*,0#5U8#@*,G**-052,*0P*-'(86U@52-NL,@* G5#%*0,>O*,)#8G80*%8-0*,WG55#@*,*,U*20*U8#@*,P*-'(86U@52-NL,@*/88#N*,,>*,8335'20*0*,H "#U8#@*,,5G*2L%88%,%8G-0*,/*#%#*>*,605,@*#*P#8,,*,WN852-PL/88#P**2@/*#%88)/5,#*'7'2*P55# 53/52W #*'25G*60,>*,W @-)257-W )5#%**#/88#N*,,>*,W %,@*#500#5'0*- *, %8)**#G5'(,*-H =8* @*#>*2L%*,%8G-0*,U8#@*,/*#@**20W/*#-'(20)*#*>*,55#H=*0-@55#8G/88#@*(66#@*#-/5,P*25,>@50*#**, @6@*2L%* /*#%25#,> 2>0 U55#8G @*N*,%8G-0*, /88# *>*,55# NL, *, U55# @*N* /88# U8#@*,,>*N*0H +#5,-)5#5,0*-(*#/88#/*#*-0Hh55#@**>*,55#U*2@*N*,%8G-0*,N*23G5>(86@*,W*,@*P*0#*33*,@* #6G0*8328'50*8)**,)*#G5,*,0*83-*G)*#G5,*,0*P5--U8#@0>*P#6%0W@*,0@*N*#6G0*0*U8#@*, 8)>*,8G*,,@*-*#/'*%8-0*,G50#bH"*,520*#,50*3%5,NL,@50*>*,55#**,)5--*,@*,>*2L%U55#@>%#*@*0 G8*0>*/*,/88#@*%8-0*,/5,@*#6G0*0*,P*(8*/*/5,@*-*#/'*%8-0*,H">*,5#*,/*#%25#*,(*#/88#**, PL@#5>*55,@*-*#/'*%8-0*,0*>*/*,W*,@*G5,5>*#-NL,/*#5,0U88#@*2L%/88#(*0@6@*2L%55,>*/*,/5, (6,P*2*@0*,55,N*,/5,(8*@*%8-0*,*,,%8G-0*,60@*N*@*,-0*,*,5'0/0*0*,NL,08*>*U*N*,H1* /82>*,@*#*>*2-NL,(*#08*/82>*,-@*;\Q&/5,08*)5--,>F O 92-(*00*G,*0U8#@0>*3,5,'*#@60@*-*#/'*%8-0*,W,8'(>*P#6%G55%0/5,@*,-0*,WN52 DCCc/5,@*,%8G-0*,,55#@*/*#(66#@*#>55,n O 92-(*00*GU8#@0>*3,5,'*#@@88#@*-*#/'*%8-0*,W%8G*,@*,%8G-0*,88%DCCc0*, >8*@*/5,@*-*#/'*%8-0*,n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h5,,**#>*P#6% U8#@0>*G55%0/5,**,@*#>*2L%*-0533*2-(*0P*25,>#L%@50@*N*#*>*2,> 88% U8#@0 /5-0>*2*>@H "*, /88#P**2@ /5, **, -0533*2 - (*#,55-0 U**#>*>*/*,F ""#%%&'()*+,,%&(%"#"%& "O""" ""# "#"""" "# """""" "# ""#"""" "# """" "# \,@0/88#P**2@U8#@0/88#**,U,%*26,0/5,DCCCGB**,>*-0533*2@*/28*#8))*#/25%0*/5,pCCGB @HUHNH deccbdcccfedeccb]ccfƒ>*(5,0**#@0*#ul2**,6,0/5,dchcccgb**,>*u8>*,8))*#/25%0*/5,n52(*pp*, KHCCCGBH=8*U*2@*N*0*,%**#>#80*#,8))*#/25%0*-WN52@*DCHCCCGB6,08,>*/**#N*-*,**,(523%**#@* -*#/'*%8-0*,P*052*,/5,@*/5,**,%2*,*#***,(*@HM8%@*8))*#/25%0*/5,PL%8G*,@*%*2@*##6G0*-*, #6G0*, 8) @* /*#@*),> 83 /5, *b0*#,* 8)-25>W %6,,*, U8#@*, /*#@-'8,0**#@ 55, @* (88>0* /5, @* -*#/'*%8-0*,H "#0,/""#("//,#2%5/")%5"#/%/""#+,#-+,#-+,#.,/0*/,"5"/>"/'")),#2/%/."'1,;")%./"#1%%'G\"&"'4*#&."H+,#)"4;"#/'*A "#& &

8. ANALYSE SERVICEKOSTENPROCESSEN IN EUROPA CONFORM ONDERZOEK VAN DE ICSC \,@*N*PL25>*NL,/5,@*Bi"6#8)*-*25,@*,@*-*#/'*%8-0*,)#8'*--*,>*5,527-**#@*,60**,>*N*0*,NL,8) P5--(*#/5,@*'8,'26-*->*0#8%%*,,(883@-06%JH1*5,527-*)*#25,@@*(*#,5U8#@0>*,8*G@->*P5-**#@ 8)@*#*-62050*,/5,(*08,@*#N8*%/5,@*\Q&Q,BCDB,@*Z"6#8)*5,&*#/'*Q(5#>*?6@*[W*,-(*#8,@*# )*#25,@@*/*#052,>/5,@08,@*#N8*%/5,@*\Q&Q8)>*,8G*,d\Q&Q"6#8)*WBCDBfH95,(*0*,@*/5,@*N* PL25>*-**,/*#>*2L%,>)*#25,@8)>*,8G*,*,U50@*G)5'0/5,@*#>*2L%*53-)#5%*,)*#25,@NL,*,,U*2%* G50**#8/*#**,-0*GG,>-06--*,@*-*#/'*%8-0*,)#8'*--*,H 'KJHOM^H "#""%&"#'"#%&'(()*+,-,."# 1*>*G**,-'(5))*2L%*%8-0*,/88#*2*%0#'0*0W>5-*,U50*#U8#@*,,8#G552/*#(552@,@*-*#/'*%8-0*,8)@*(66#@*#-H=*0N*23@*>*2@0 /88#@*P*/*2>,>W-'(88,G55%W>#8*,/88#N*,,>W8,@*#(86@WP*25-0,>*,*,'*,0#6GX28'50*%8-0*,H1*%8-0*,/88#(*0'*,0#6GNL, 0*#6>/8#@*#P5#*83,*0O0*#6>/8#@*#P5#*%8-0*,nP*@*NL,(*#,G8>*2L%H1*P*(**#/*#>8*@,>/88#-*#/'*%8-0*,-G**-052>*P5-**#@8) **,)*#'*,05>*/5,@*-*#/'*%8-0*,H=*0/5-0>8*@P*(**#*,35'207G5,5>*G*,0U8#@*,88%,8#G552/*#(552@8)@*(66#@*#-H=*0P*(**# /5,(*0G5#%*0,>P6@>*0-G**-052/5**,(66#@*#-{/*#*,>,>*,@*PL@#5>*/5,@*/*#(66#@*#8G@*G5#%*0,>P6@>*0-@-'#**0H"b0#5,%8G-0*,/88#(*0U,%*2'*,0#6GU8#@*,,>*(86@*,@88#@*/*#(66#@*#52-*b0#5,%8G*,Hm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b0*#,>*'8,0#82**#@H&*#/'*%8-0*,0*%8#0*,@* /88#0/28**,60>*G5bG52-**#@*P*@#5>*,55,(66#@*#-U8#@*,/*#-)#*@8,@*#@*(66#@*#-H1*#*,0*8)-*#/'*%8-0*,P5,%#*%*,,>*,- /822*@>0*,>6,-0*/5,@*-*#/'*%8-0*,H?*-'(22*,55,>55,@*(*0-*#/'*%8-0*,)#8'*-06--*,**,/*#(66#@*#*,(66#@*#W,(*0>*/52/5, G*,,>-/*#-'(22*,8/*#-*#/'*%8-0*,53#*%*,,>WNL,N*2@N55G8G@50522*-U8#@0>*@*%0@88#@*(66#8/*#**,%8G-0H"#-,*0**,P*-0 )#5'0'*>@-83(5,@2*@,>60>*>*/*,@88#**,)#83*--8,*2*8#>5,-50*8)@0G8G*,0H ;"&";S"4MV1& h,%*2'*,0#5,r*2>vu*#%*,,*0g*0**,#*-*#/*38,@-h S";_"m";\V? M)-052/*#N*%*#,>*,)#*G*-/88#PL/88#P**2@/*#N*%*#,>*,0*>*,0*##8#-G*U8#@*,G**-052/*#(552@8)@*(66#@*#-,@*-*#/'*%8-0*,H 99VS.gg"V1"MT:";m\V?"V 1*8)*,,>/5,U,%*2-8)N8,@5>-53(5,%*2L%/5,@*>*8>#53-'(*2>>,>/5,@*28'50*-,R*2>*,/*#P5,@G*0>*2883-8/*#06>,>*,H\, R*2>*U*#%0G*,*/*,**,-G*0(*0-7-0**G/5,**,/88#-'(80*,53#*%*,,>H=*0)#8P2**G-@55#,*0N8>#88052-,V*@*#25,@*,/82>*,- **,55,052)*#-8,*,N*23-,8>>#80*#H_8-(*0,*0@6@*2L%U*2%*)8-0*,U*283,*0,@*-*#/'*%8-0*,N00*,W*,%5,(*0/88#%8G*,@50**, 53#*%*,,>)5-8)**,/**2250*#G8G*,0)2550-/,@H 9KJ%6*&#G( 1":""&+"?":""V&Q=9TT"g\Am"m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b0#5,%8G-0*, /5,60(*0U,%*2'*,0#6GU8#@*,,>*(86@*,@88#@*/*#(66#@*#52-NL,@**b0#5,%8G-0*,W*,@*%8-%*,P*052*,88%**,PL@#5>*55,@* -*#/'*%8-0*,Hm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b0*#, >*'8,0#82**#@W G**-052 @88# >*#*,8GG**#@* P*@#L/*,H &*#/'*%8-0*, 0*%8#0*, @* /88#0/28**, 60 >*G5b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h,%*2'*,0#5(*PP*,*,@*/*#(66#@*#-*,(66#@*#-(*PP*,U*2P*(8*30* 55,**,'8@*83(5,@2*@,>/88#@*-*#/'*%8-0*,W@55#*#-0**@-/5%*#>*-'(22*,8,0-055,*,/*#/**2d#*>8,52*f/*#-'(22*,NL,H ;"&";S"4MV1& &8GG>*U,%*2'*,0#5,R62>5#L*G5%*,>*P#6%/5,**,#*-*#/*38,@-WG55#@*G**#@*#(*@,*0H S";_"m";\V? M)-052/*#N*%*#,>*,55,/622*,@*/*#N*%*#,>*,/88#0*##8#-G*U8#@*,G**-052/*#(552@8)@*(66#@*#-8,@*#@*-*#/'*%8-0*,H 99VS.gg"V1"MT:";m\V?"V h,%*2-nl,g**-0528)*,8)n8,@5>h "#0,/""#("//,#2%5/")%5"#/%/""#+,#-+,#-+,#.,/0*/,"5"/>"/'")),#2/%/."'1,;")%./"#1%%'G\"&"'4*#&."H+,#)"4;"#/'*A "& &

@KQ(.(>*&:(. 1":""&+"?":""V&Q=9TT"g\Am"m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b0#5,%8g-0*, /88# (*0 U,%*2'*,0#6G U8#@*,,>*(86@*, @88# @* /*#(66#@*# 52- *b0#5,%8g*,h m8-0*,, /*#P5,@ G*0 @66#N55G(*@NL,0*#6>/8#@*#P5#*%8-0*,/5,(66#@*#-H 1":""&+SMM;mM:"V1"&";S\Q"mM&+"V1\&+;\R.+\"W\V_9:"g\V?"VS";9V+hMM;1\V? S*#@*2,>/5,@*-*#/'*%8-0*,/,@0)2550-8)P5--/5,GB[-*,(*0->*P#6%*2L%@50*#>*P#6%U8#@0>*G55%0/5,**,-0533*2H+*%8#0*,55, >*#*250**#@*2**>-055,@*6,0-U8#@*,/822*@>/*#>8*@@88#@*/*#(66#@*#H1*P*052,>*,U8#@*,G**-052)*#G55,@83%U5#0552/88#53 /82@55,H1*P*>#80,>*,)#*-*,050*/5,@*-*#/'*%8-0*,/,@*,G**-052xx,080@#*G55,@*,/ #(*0P*>,/5,(*0L55#)2550-H1* -*#/'*%8-0*,53#*%*,,>U8#@0,0*#,>*'8,0#82**#@H&*#/'*%8-0*,0*%8#0*,@*/88#0/28**,60>*G5bG52-**#@*-*#/'*%8-0*,P*@#5>*,PL P*)552@*(66#@*#-U8#@*,/822*@>/*#>8*@@88#@*/*#(66#@*#H1*#*,0*8)-*#/'*%8-0*,P5,%#*%*,,>*,-/822*@>0*,>6,-0*/5,@* -*#/'*%8-0*,H?*-'(22*,55,>55,@*(*0-*#/'*%8-0*,)#8'*-06--*,**,/*#(66#@*#*,(66#@*#W,(*0>*/52/5,G*,,>-/*#-'(22*,8/*# -*#/'*%8-0*,53#*%*,,>WU8#@*,8)>*28-0/5**,>*#*'(0*2L%*)#8'*@6#*H"#-,*0**,P*-0)#5'0'*>@-83(5,@2*@,>60>*>*/*,@88#**, )#83*--8,*2*8#>5,-50*8)@0G8G*,0H ;"&";S"4MV1& h,%*2'*,0#5,1*,*g5#%*,g5%*,>*p#6%/5,**,#*-*#/*38,@-h S";_"m";\V? M)-052/*#N*%*#,>*,55,/622*,@*/*#N*%*#,>*,/88#0*##8#-G*U8#@*,G**-052/*#(552@8)@*(66#@*#-/5@*-*#/'*%8-0*,H 99VS.gg"V1"MT:";m\V?"V 1*8)*,,>/5,U,%*2-8)N8,@5>-53(5,%*2L%/5,(6,>*8>#53-'(*28'50*W55,>*N*,*# #*>8,52*/*#-'(22*,NL,H EKH)86*.- 1":""&+"?":""V&Q=9TT"g\Am"m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b0#5,%8G-0*,/88#(*0U,%*2'*,0#6G %8G*,0*,>8*@*/5,@*-*#/'%*8-0*,*,U8#@*,@6-52-/*#G,@*#,>8)@*%8-0*,>*>*/*,Hm8-0*,,/*#P5,@G*0@66#N55G(*@NL,,*0O 0*#6>/8#@*#P5#*%8-0*,/5,(66#@*#-WG*060N8,@*#,>/5,@*%8-0*,/88#>#8*,*-0#88GH 1":""&+SMM;mM:"V1"&";S\Q"mM&+"V1\&+;\R.+\"W\V_9:"g\V?"VS";9V+hMM;1\V? S*#@*2,>/5,@*-*#/'*%8-0*,/,@0)2550-8)P5--/5,GB[-*,(*0->*P#6%*2L%@50*#>*P#6%U8#@0>*G55%0/5,**,-0533*2H+*%8#0*, @88# 2**>-055,@* 6,0- U8#@*, /822*@> /*#>8*@ @88# @* /*#(66#@*#H 1* P*052,>*, U8#@*, G**-052 G55@*2L%- 5'(0*#53 /82@55,H 1* P*>#80,> *, )#*-*,050* /5, @* -*#/'*%8-0*, /,@*, G**-052 xx, 080 @#* G55,@*, / # (*0 P*>, /5, (*0 L55# )2550-H 1* -*#/'*%8-0*,53#*%*,,> U8#@0,0*#, >*'8,0#82**#@ /82>*,- **, Z8)*, P8*% P*2*@[H &*#/'*%8-0*, 0*%8#0*, @* /88#0/28**, 60 >*G5bG52-**#@* -*#/'*%8-0*,P*@#5>*, PL P*)552@* (66#@*#- U8#@*, /822*@> /*#(552@ 8) @* (66#@*#-H 1* #*,0* 8) -*#/'*%8-0*, P5,%#*%*,,>*,-/822*@>0*,>6,-0*/5,@*-*#/'*%8-0*,H?*-'(22*,55,>55,@*(*0-*#/'*%8-0*,)#8'*-06--*,**,/*#(66#@*#*,(66#@*# U8#@*,8)>*28-0/58,53(5,%*2L%8,@*#N8*%@88#@*-%6,@>*,H"#-8)@0G8G*,0>**,P*-0)#5'0'*>@-83(5,@2*@,>60>*>*/*,@88# **,)#83*--8,*2*8#>5,-50*H ;"&";S"4MV1& h,%*2'*,0#5,"-025,@g5%*,>*p#6%/5,**,#*-*#/*38,@-h S";_"m";\V? M)-052/*#N*%*#,>*,55,/622*,@*)#*G*-/88#0*##8#-G*NL,G**-052,*0O0*#6>/8#@*#P5#*%8-0*,/5,@*(66#@*#-H 99VS.gg"V1"MT:";m\V?"V h,%*2-nl,g**-0528)*,8)n8,@5>h ik"#.6*.- 1":""&+"?":""V&Q=9TT"g\Am"mM&+"V 1*>*G**,-'(5))*2L%*%8-0*,/88#*2*%0#'0*0W>5-*,U50*#U8#@*,,8#G552/*#(552@8)@*(66#@*#-/5@*-*#/'*%8-0*,H=*0N*23@*>*2@0 /88#@*P*/*2>,>W-'(88,G55%W>#8*,/88#N*,,>W8,@*#(86@*,'*,0#6GG5,5>*G*,0%8-0*,H?#8,@P*25-0,>*,#*)5#50*-NL,%8-0*, /88#@*/*#(66#@*#H1*%8-0*,/88#(*0'*,0#6GG5,5>*G*,0%5,088#U8#@*,>*N*,52-%8-0*,/88#>*G**,-'(5))*2L%*#6G0*-G55#@0 %5,/5#v#*,/5,'*,0#6G080'*,0#6GH1*P*(**#/*#>8*@,>/88#-*#/'*%8-0*,-G**-052**,/5-0*/*#>8*@,>H1*G5,5>*G*,0*,35'207 G5,5>*G*,0%8-0*,U8#@*,88%/*#(552@8)@*(66#@*#-/5@*-*#/'*%8-0*,H=*0P*(**#/5,(*0G5#%*0,>P6@>*0>550G**-052/5@* U,%*2*#-/*#*,>,>WG55#P2L3088%8,@*#'8,0#82*/5,@*/*#(66#@*#*,@*/*#(66#@*#@#55>0G**-052U*2**,P*)552@P*@#5>PL55,(*0 G5#%*0,>P6@>*0H"b0#5,%8G-0*,/88#(*0U,%*2'*,0#6G%8G*,0*,>8*@*/5,@*/*#(66#@*#H 1":""&+SMM;mM:"V1"&";S\Q"mM&+"V1\&+;\R.+\"W\V_9:"g\V?"VS";9V+hMM;1\V? S*#@*2,>/5,@*-*#/'*%8-0*,/,@0)2550-8)P5--/5,GB[-*,(*0->*P#6%*2L%@50*#>*P#6%U8#@0>*G55%0/5,**,-0533*2H+*%8#0*,55, >*#*250**#@*2**>-055,@*6,0-U8#@*,G**-052/822*@>/*#>8*@@88#@*/*#(66#@*#H1*P*052,>*,U8#@*,G**-052G55@*2L%-/88#53 /82@55,H1*P*>#80,>*,)#*-*,050*/5,@*-*#/'*%8-0*,/,@*,G**-052xx,080@#*G55,@*,/ #(*0P*>,/5,(*0L55#)2550-H1* -*#/'*%8-0*,53#*%*,,>U8#@0*b0*#,>*'8,0#82**#@H&*#/'*%8-0*,0*%8#0*,@*/88#0/28**,60>*G5b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

;"&";S"4MV1& =*#8/*#->**,,38#G50*/*#-0#*%0H S";_"m";\V? M)-052/*#N*%*#,>*,55,/622*,@*/*#N*%*#,>*,/88#0*##8#-G*U8#@*,G**-052/*#(552@8)@*(66#@*#-8,@*#@*-*#/'*%8-0*,H 99VS.gg"V1"MT:";m\V?"V h,%*2-nl,g**-0528)*,8)n8,@5>h VK"&*.:&#G: 1":""&+"?":""V&Q=9TT"g\Am"m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b0#5,%8G-0*,/88#(*0U,%*2'*,0#6G%8G*,0*, >8*@*/5,@*/*#(66#@*#WG55#>55,-8G-88%0*#6>,55#@*-*#/'*%8-0*,53#*%*,,>Hm8-0*,G*0P*0#*%%,>080@66#N55G(*@NL,**, P*25,>#L%*%U*-0*06--*,/*#(66#@*#-*,(66#@*#-8G@50NL522*G552(6,*>*,/88#U55#@*,(*PP*,H155#8G/*#-'(20@0/5,0L@0800L@H 1":""&+SMM;mM:"V1"&";S\Q"mM&+"V1\&+;\R.+\"W\V_9:"g\V?"VS";9V+hMM;1\V? S*#@*2,>/5,@*-*#/'*%8-0*,/,@0)2550-8)P5--/5,GB[-*,(*0->*P#6%*2L%@50*#>*P#6%U8#@0>*G55%0/5,**,-0533*2H=66#@*#-@* *b0#58)*,nl,dn8,@5>*,w-5/8,@-w*@fp*052*,g**-052-)*'3*%*>*g**,-'(5))*2l%*-*#/'*%8-0*,u*2%*/88#0%8g*,60@*n**b0#5 8)*,,>-0L@*,dP*/*2>,>W/*2>(*@W/*#U5#G,>W/*,0250**,5#'8,@08,,>fH+*%8#0*,>*#*250**#@55,2**>-055,@*6,0-U8#@*,G**-052 /822*@>/*#>8*@@88#@*/*#(66#@*#H1*P*052,>*,U8#@*,G**-052)*#%U5#0552W83-8G-)*#G55,@W/88#53/82@55,H1*P*>#80,>*, )#*-*,050*/5,@*-*#/'*%8-0*,/,@*,G**-052xx,080@#*G55,@*,/ #(*0P*>,/5,(*0L55#)2550-WU55#PL#*052*#-@*'L3*#-/5,@* >*#55G@* P*>#80,> P2L/*, /#5>*,W G55# -2*'(0- *,%*2* U,%*2'*,0#6GG5,5>*G*,0 P*@#L/*, -06#*, @*N* 88% @55@U*#%*2L% 55, @* (66#@*#-H1*-*#/'*%8-0*,53#*%*,,>U8#@0,*0520L@*b0*#,>*'8,0#82**#@HM8%U8#@*,@*53#*%*,,>*,-8G-@88#*b0*#,*@*-%6,@>*, >*'8,0#82**#@ 8),52*/,> /5, U*00*,W P*-0 )#5'0'*-W *,NH &*#/'*%8-0*, 0*%8#0*, @* /88#0/28**, 60 >*G5bG52-**#@* -*#/'*%8-0*,P*@#5>*,PLP*)552@*(66#@*#-U8#@*,/822*@>/*#>8*@@88#@*/*#(66#@*#H1*#*,0*8)-*#/'*%8-0*,P5,%#*%*,,>*,- /822*@>0*,>6,-0*/5,@*-*#/'*%8-0*,H?*-'(22*,55,>55,@*(*0-*#/'*%8-0*,)#8'*-06--*,**,/*#(66#@*#*,(66#@*#U8#@*,G**-052 /5**,>*#*'(0*2L%*)#8'*@6#*8)>*28-0H"#-**,P*-0)#5'0'*>@-X(5,@2*@,>/88#-*#/'*%8-0*,>*00*2@yQ(5#0*@*-#*2508,-P522*6#-OH 28'505#*-yd(5,@2*@,>/88#P*-0)#5''*-06--*,/*#(66#@*#-*,(66#@*#-f=*0@8'6G*,0-60>*>*/*,@88#QVQQ*,U*#@,BCDC(*#N*,H ;"&";S"4MV1& \,-8GG>*>*/522*,G5%*,U,%*2'*,0#5,4#5,%#L%>*P#6%/5,**,#*-*#/*38,@-W*'(0*#-@053(5,%*2L%/5,@*(66#'8,0#5'0*,H S";_"m";\V? M)-052/*#N*%*#,>*,55,/622*,@*/*#N*%*#,>*,/88#0*##8#-G*U8#@*,G**-052/*#(552@8)@*(66#@*#-8,@*#@*-*#/'*%8-0*,W*'(0*#- @053(5,%*2L%/5,@*(66#'8,0#5'0*,H 99VS.gg"V1"MT:";m\V?"V \, -8GG>* -)*'3*%* >*P*@*, d08*#-0-'(* >*P*@*, 83 >#80* -0*@*2L%* >*P*@*,W N852- :5#-*22* 83 T5#L-f *, /88# P*)552@* #*052 5'0/0*0*,WN852-(6-(86@*2L%*5#0%*2*,*,G*6P*2-W%6,,*,U,%*2-*,U,%*2'*,0#58)*,NL,8)N8,@5>HM8%NL,@*G**-0*'*,0#5**, 55,052N8,@5>*,)*#L55#8)*,WPL/88#P**2@0L@*,-@*%*#-0)*#8@*H1*G**-0*U,%*2'*,0#5,4#5,%#L%NL,G*@*O*>*,@8GH155#8GNL,*# /55%0U**,/*56-/5,G5,5>*G*,0%8-0*,H1*N55%/8*#@*#U8#@0P*,8*G@@88#@*G*@*O*>*,55#-*,**,55,052(66#@*#-H [KQ%#8)6*.- 1":""&+"?":""V&Q=9TT"g\Am"mM&+"V 1*>*G**,-'(5))*2L%*%8-0*,/88#*2*%0#'0*0W>5-*,U50*#U8#@*,,8#G552/*#(552@8)@*(66#@*#-/5@*-*#/'*%8-0*,H=*0N*23@*>*2@0 /88#@*P*/*2>,>W-'(88,G55%W>#8*,/88#N*,,>W8,@*#(86@*,'*,0#6GG5,5>*G*,0%8-0*,d,@*,8)>*>*/*,W080**,P*)552@P*@#5>fH 1* %8-0*, /88# (*0 '*,0#6GG5,5>*G*,0 %5,088# U8#@*, >*N*, 52- %8-0*, /88# >*G**,-'(5))*2L%* #6G0*-H "# - >**, 5)5#0* P*(**#/*#>8*@,>/88#@*-*#/'*%8-0*,H=*0/5-0>8*@P*(**#*,35'207G5,5>*G*,0%8-0*,U8#@*,/*##*%*,@/5@*(66#@*#-H=*0P*(**# /5,(*0G5#%*0,>P6@>*0>550G**-052/5@*U,%*2*#-/*#*,>,>Wd@*>*-)#*%%*,/,@*,)2550-G*0(*0G5,5>*G*,0fW*,@*/*#(66#@*# G**-052@#55>0PL55,(*0G5#%*0,>P6@>*0H;*'25G*%8-0*,U8#@*,,8#G552>*-)#8%*,@88#@*U,%*2*#-/*#*,>,>P*0552@/5,60(*0 G5#%*0,>P6@>*0H;*'25G*%8-0*,G5%*,8/*#>*,->**,@**260/5,@*-*#/'*%8-0*,H=*02@G550-'(5)/5,@*U,%*2*#-/*#*,>,>- 8)>*,8G*,,**,53N8,@*#2L%'8,0#5'0PL(*0(66#'8,0#5'0H"b0#5,%8G-0*,/88#(*0U,%*2'*,0#6G%8G*,0*,>8*@*/5,@*/*#(66#@*#W G55#>55,-8G-88%0*#6>,55#@*-*#/'*%8-0*,53#*%*,,>Hm8-0*,G*0P*0#*%%,>080@66#N55G(*@%6,,*,,*0U8#@*,0*#6>>*/8#@*#@ /5,@*(66#@*#-83-*#/'*%8-0*,H 1":""&+SMM;mM:"V1"&";S\Q"mM&+"V1\&+;\R.+\"W\V_9:"g\V?"VS";9V+hMM;1\V? S*#@*2,>/5,@*-*#/'*%8-0*,/,@0)2550-8)P5--/5,GB[-/88#U,%*26,0-8,@*#@*DHCCCGB*,@55#P8/*,>*2@0/55%**,-0533*2H 155#,55-0U8#@0*#**,/5-0W>*G5bG52-**#@P*@#5>/88#@*08*#*%*,,>/5,@*-*#/'*%8-0*,%8-0*,8,@*#,55#@*(66#@*#-H+*%8#0*,55, >*#*250**#@*2**>-055,@*6,0-U8#@*,G**-052/822*@>/*#>8*@@88#@*/*#(66#@*#H1*P*052,>*,U8#@*,G**-052)*#%U5#0552W83-8G- )*#G55,@W5'(0*#53/82@55,H=66#@*#-%#L>*,@*L55#2L%-**,@53#*%*,,>/5,@*-*#/'*%8-0*,,-*)0*GP*#/5,(*0/82>*,@*L55#H1* -*#/'*%8-0*,53#*%*,,>U8#@0,0*#,>*'8,0#82**#@H&*#/'*%8-0*,0*%8#0*,@*/88#0/28**,60>*G5bG52-**#@*-*#/'*%8-0*,P*@#5>*,PL P*)552@*(66#@*#-U8#@*,/822*@>/*#>8*@@88#@*/*#(66#@*#H?*-'(22*,55,>55,@*(*0-*#/'*%8-0*,)#8'*-06--*,**,/*#(66#@*#*, (66#@*#U8#@*,,**#-0*,-05,0*G**-052/5>*-)#*%06--*,P*@*)5#0L*,8)>*28-0H92-@0,*02*@0080**,8)28--,>U8#@0**, >*#*'(0*2L%*)#8'*@6#*8)>*-05#0H"#-**,P*-0)#5'0'*>@-X(5,@2*@,>/88#-*#/'*%8-0*,60>*>*/*,@88#**,)#83*--8,*2*8#>5,-50*H ;"&";S"4MV1& h,%*2'*,0#5,160-25,@u*#%*,,*0g*0**,#*-*#/*38,@-h S";_"m";\V? M)-052/*#N*%*#,>*,55,/622*,@*/*#N*%*#,>*,/88#0*##8#-G*U8#@*,G**-052/*#(552@8)@*(66#@*#-8,@*#@*-*#/'*%8-0*,H 99VS.gg"V1"MT:";m\V?"V "#0,/""#("//,#2%5/")%5"#/%/""#+,#-+,#-+,#.,/0*/,"5"/>"/'")),#2/%/."'1,;")%./"#1%%'G\"&"'4*#&."H+,#)"4;"#/'*A "#& &

h,%*2-nl,g**-0528)n8,@5>>*-280*,wg*060n8,@*#,>/5,26'(0(5/*,-*,0#*,-0508,-h\,(*052>*g**,nl,n*522*g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g\Am"mM&+"V 1*>*G**,-'(5))*2L%*%8-0*,/88#*2*%0#'0*0W>5-*,U50*#U8#@*,,8#G552/*#(552@8)@*(66#@*#-/5@*-*#/'*%8-0*,H=*0N*23@*>*2@0 /88#@*P*/*2>,>W-'(88,G55%W>#8*,/88#N*,,>W8,@*#(86@*,'*,0#6GG5,5>*G*,0%8-0*,H:*0P*0#*%%,>080%8-0*,/88#**,08052* /*#5,@*#,>83/*#P86U,>*,W8,@*#(86@*,P*25-0,>*,WNL,@0,*00*#6>/8#@*#P5#*%8-0*,/5,@*(66#@*#-H=*0'*,0#6GG5,5>*G*,0 %5,088#U8#@0>*(66#@@88#@*/*#(66#@*#H1*P*(**#/*#>8*@,>/88#-*#/'*%8-0*,-G**-052>*P5-**#@8)**,)*#'*,05>*/5,@* -*#/'*%8-0*,H=*0/5-0>8*@P*(**#*,35'207G5,5>*G*,0%8-0*,U8#@*,/*##*%*,@8)@*(66#@*#-H=*0P*(**#/5,(*0G5#%*0,>P6@>*0 >550G**-052/5@*/*#(66#@*#*,@*PL@#5>*@*@*/*#(66#@*#@8*0-/**252@-'#**0H"b0#5,%8G-0*,/88#(*0U,%*2'*,0#6G%8G*,0*, >8*@*/5,@*/*#(66#@*#Hm8-0*,G*0P*0#*%%,>080@66#N55G(*@%6,,*,,*0U8#@*,0*#6>>*/8#@*#@/5,@*-*#/'*%8-0*,H :""&+SMM;mM:"V1"&";S\Q"mM&+"V1\&+;\R.+\"W\V_9:"g\V?"VS";9V+hMM;1\V? S*#@*2,>/5,@*-*#/'*%8-0*,/,@0)2550-8)P5--/5,GB[-*,(*0->*P#6%*2L%@50*#>*P#6%U8#@0>*G55%0/5,**,-0533*2H+*%8#0*,55, >*#*250**#@*2**>-055,@*6,0-U8#@*,G**-052/822*@>/*#>8*@@88#@*/*#(66#@*#H1*P*052,>*,U8#@*,G**-052)*#G55,@/88#53 /82@55,H1*P*>#80,>*,)#*-*,050*/5,@*-*#/'*%8-0*,/,@*,G**-052xx,080@#*G55,@*,/ #(*0P*>,/5,(*0L55#)2550-H1* -*#/'*%8-0*,53#*%*,,>U8#@0,0*#,>*'8,0#82**#@H&*#/'*%8-0*,0*%8#0*,@*/88#0/28**,60>*G5bG52-**#@*-*#/'*%8-0*,P*@#5>*,PL P*)552@*(66#@*#-U8#@*,/822*@>/*#(552@8)@*(66#@*#-H1*#*,0*8)-*#/'*%8-0*,P5,%#*%*,,>*,-/822*@>0*,>6,-0*/5,@* -*#/'*%8-0*,H?*-'(22*,55,>55,@*(*0-*#/'*%8-0*,)#8'*-06--*,**,/*#(66#@*#*,(66#@*#U8#@*,8)>*28-0/5**,>*#*'(0*2L%* )#8'*@6#*H"#-,*0**,P*-0)#5'0'*>@-83(5,@2*@,>60>*>*/*,@88#**,)#83*--8,*2*8#>5,-50*8)@0G8G*,0H ;"&";S"4MV1& h,%*2'*,0#5,?#*%*,25,@u*#%*,g*0**,#*-*#/*38,@-h S";_"m";\V?"V M)-052/*#N*%*#,>*,55,/622*,@*/*#N*%*#,>*,/88#0*##8#-G*U8#@*,G**-052/*#(552@8)@*(66#@*#-8,@*#@*-*#/'*%8-0*,H 99VS.gg"V1"MT:";m\V?"V h,%*2-nl,g**-0528)n8,@5>>*-280*,h TKN0.*&#G( 1":""&+"?":""V&Q=9TT"g\Am"mM&+"V 1*>*G**,-'(5))*2L%*%8-0*,/88#*2*%0#'0*0W>5-*,U50*#U8#@*,,8#G552/*#(552@8)@*(66#@*#-/5@*-*#/'*%8-0*,H=*0N*23@*>*2@0 /88#@*P*/*2>,>W-'(88,G55%W>#8*,/88#N*,,>W8,@*#(86@*,'*,0#6GG5,5>*G*,0%8-0*,H1*%8-0*,/88#(*0'*,0#6GG5,5>*G*,0 %5,088#U8#@*,>*N*,52-%8-0*,/88#>*G**,-'(5))*2L%*#6G0*-*,%8G*,@6-0*,25-0*/5,@*-*#/'*%8-0*,H1*P*(**#/*#>8*@,>/88# -*#/'*%8-0*,-G**-052**,/5-0*/*#>8*@,>H=*0G5,5>*G*,0/5,(*0/5-0>8*@35'205#*@*,-0*,U8#@*,,*0/5@*-*#/'*%8-0*,8)@* (66#@*#-/*#(552@H=*0P*(**#/5,(*0G5#%*0,>P6@>*0>550G**-052/5@*U,%*2*#-/*#*,>,>G55#%5,88%/5@*/*#(66#@*#U8#@*, >*@55, *, @* /*#(66#@*# @#55>0 G**-052 U*2 **, P*)552@ P*@#5> PL 55, (*0 G5#%*0,> P6@>*0 d@-'#**0fh "b0#5,%8g-0*, /88# (*0 U,%*2'*,0#6G%8G*,0*,>8*@*/5,@*/*#(66#@*#HM8%%8G*,-8G-*b0#5)#8G80*%8-0*,0*,>8*@*/5,@*/*#(66#@*#Hm8-0*,,/*#P5,@ G*0@66#N55G(*@U8#@*,0*#6>>*/8#@*#@/5,@*(66#@*#-H :""&+SMM;mM:"V1"&";S\Q"mM&+"V1\&+;\R.+\"W\V_9:"g\V?"VS";9V+hMM;1\V? S*#@*2,>/5,@*-*#/'*%8-0*,/,@0)2550-8)P5--/5,GB[-*,(*0->*P#6%*2L%@50*#>*P#6%U8#@0>*G55%0/5,**,-0533*2U55#,**, 35'08#-8)>*,8G*,@*53(5,>0/5,@*)8-0**,(*007)*/5,@*6,0H+*%8#0*,55,>*#*250**#@*2**>-055,@*6,0-U8#@*,G**-052/822*@> /*#>8*@@88#@*/*#(66#@*#H1*P*052,>*,U8#@*,G**-052)*#G55,@/88#53/82@55,H1*P*>#80,>*,)#*-*,050*/5,@*-*#/'*%8-0*, U8#@*,,*0 55, @* (66#@*#- /*#-0#*%0H 1* -*#/'*%8-0*,53#*%*,,> U8#@0,0*#, 83 *b0*#, >*'8,0#82**#@H 1* #*,0* 8) -*#/'*%8-0*, P5,%#*%*,,>*,-/822*@>0*,>6,-0*/5,@*/*#(66#@*#H"#-,*0**,P*-0)#5'0'*>@-83(5,@2*@,>60>*>*/*,@88#**,)#83*--8,*2* 8#>5,-50*8)@0G8G*,0H ;"&";S"4MV1& h,%*2'*,0#5,=8,>5#l*g5%*,>*p#6%/5,**,#*-*#/*38,@-h S";_"m";\V?"V M)-052/*#N*%*#,>-%8-0*,NL,G**-052/*#(552P55#8)@*(66#@*#-/5@*-*#/'*%8-0*,H 99VS.gg"V1"MT:";m\V?"V h,%*2-nl,g**-0528)*,8)n8,@5>h 'SK^8*6#j 1":""&+"?":""V&Q=9TT"g\Am"mM&+"V 1*>*G**,-'(5))*2L%*%8-0*,/88#*2*%0#'0*0W>5-*,U50*#U8#@*,,8#G552/*#(552@8)@*(66#@*#-/5@*-*#/'*%8-0*,H=*0N*23@*>*2@0 /88#@*P*/*2>,>W-'(88,G55%W>#8*,/88#N*,,>W8,@*#(86@*,'*,0#6GG5,5>*G*,0%8-0*,H1*\05255,-*U*0G55%08,@*#-'(*@06--*, >*U88,*,P60*,>*U88,8,@*#(86@W*,%*2@*>*U8,*8,@*#(86@-%8-0*,d@*#*)5#50*-P*/500*,f%6,,*,U8#@*,@88#P*25-055,(66#@*#-H R*25-0,>*,NL,,*0G*0@*(66#@*#-0*/*##*%*,*,*,'*,0#6GG5,5>*G*,0U8#@0*/*,**,-,*0@88#@*/*#(66#@*#@88#P*25-0H1* P*(**#/*#>8*@,> /88# -*#/'*%8-0*, - G**-052 >*P5-**#@ 8) **, )*#'*,05>* /5, @* -*#/'*%8-0*,W @*)#8'*,06*2* /*#>8*@,>*, 8) -*#/'*%8-0*,%6,,*,/5#v#*,06--*,@*jc*,KcW53(5,%*2L%/5,@*>#8800*/5,@*-*#/'*%8-0*,53#*%*,,>HS5-0*/*#>8*@,>*,U8#@*, -8G-,%2*,*'*,0#508*>*)5-0U55#88%P*)*#%0*(66#,%8G-0*,/5,08*)5--,>NL,H1*%8-0*,/88#35'205#*@*,-0*,U8#@*,/5@* -*#/'*%8-0*,8)@*(66#@*#-/*#(552@H=*0P*(**#/5,(*0G5#%*0,>P6@>*0>,>G**-052/5@*U,%*2*#-/*#*,>,>G55#U8#@0-0**@- /5%*#/5@*/*#(66#@*#>*@55,*,@*/*#(66#@*#@#55>0G**-052U*2**,P*)552@P*@#5>PL55,(*0G5#%*0,>P6@>*0d@-'#**0fH\,522* >*/522*,U8#@0(*0G5#%*0,>P6@>*0P*-)#8%*,G*0@*U,%*2*#-/*#*,>,>H"b0#5,%8G-0*,/88#(*0U,%*2'*,0#6G%8G*,0*,>8*@*/5, @*/*#(66#@*#W83U8#@*,0*#6>>*>*/*,/5@*-*#/'*%8-0*,53#*%*,,>55,@*(66#@*#-H1*/5-0>8*@G5,5>*#8,0/5,>0**,/*#>8*@,>@* /5#**#006--*,@*DCc*,BCc8)@*(66#-0#88GH :""&+SMM;mM:"V1"&";S\Q"mM&+"V1\&+;\R.+\"W\V_9:"g\V?"VS";9V+hMM;1\V? "#0,/""#("//,#2%5/")%5"#/%/""#+,#-+,#-+,#.,/0*/,"5"/>"/'")),#2/%/."'1,;")%./"#1%%'G\"&"'4*#&."H+,#)"4;"#/'*A "#& &

S*#@*2,>/5,@*-*#/'*%8-0*,/,@0)2550-8)P5--/5,GB[-*,(*0->*P#6%*2L%@50*#>*P#6%U8#@0>*G55%0/5,**,-0533*2U55#,**, 35'08#-8)>*,8G*,@*53(5,>0/5,@*)8-0**,(*007)*/5,@*6,0H=*#,U8#@00*/*,-#*%*,,>>*(86@*,G*0P*0#*%%,>080@*P#5,'(* /5,@*P*0#*33*,@*(66#@*#H=*0N*23@*)#8'*-U8#@0>*/82>0/88#G5#%*0,>WG55#@*N*(5,>*,88%53/5,@*G50*U55#,U,%*2*#-N*23 N8#>*,/88#)#8G80*HRL/88#P**2@@*>#80*-6)*#G5#%0*,d(7)*#G5#%0fP*052*,>*G@@*2@DCODEc55,G5#%*0,>%8-0*,W0*#UL25,@*#* (66#@*#-52N00*,8)'5HBCOjCcH1*P*052,>*,U8#@*,G**-052)*#%U5#0552/88#53/82@55,H=*0N*23@*>*2@0/88@*P*052,>/5,@* (66#-8GG*,W8GN*0(66#U8#@0/**252,3*P#65#XG55#0/5,(*08)/82>*,@*L55#P*0552@H1*P*>#80,>*,)#*-*,050*/5,@*-*#/'*%8-0*, U8#@*, **, 080 @#* G55,@*, /88#53 55, (*0 -*#/'*%8-0*,L55# 55, @* (66#@*#- /*#>8*@H 1* -*#/'*%8-0*,53#*%*,,> U8#@0,*0 >*'8,0#82**#@H&*#/'*%8-0*,0*%8#0*,@*/88#0/28**,60>*G5bG52-**#@*-*#/'*%8-0*,P*@#5>*,PLP*)552@*(66#@*#-U8#@*,/822*@> /*#(552@8)@*(66#@*#-W,*,%*2*>*/522*,,**G0@*/*#(66#@*#@*N*%8-0*,/88#NL,#*%*,,>H1*#*,0*8)-*#/'*%8-0*,P5,%#*%*,,>*, U8#@0/*##*%*,@G*0@*-*#/'*%8-0*,*,%8G*,8H5H0*,>8*@*/5,@*P5,%%8-0*,H?*-'(22*,55,>55,@*(*0-*#/'*%8-0*,)#8'*-06--*,**, /*#(66#@*#*,(66#@*#U8#@*,8)>*28-0/5**,>*#*'(0*2L%*)#8'*@6#*H"#-,*0**,P*-0)#5'0'*>@-83(5,@2*@,>60>*>*/*,@88#**, )#83*--8,*2*8#>5,-50*8)@0G8G*,0H ;"&";S"4MV1& h,%*2'*,0#5,\052vg5%*,>*p#6%/5,**,#*-*#/*38,@-h S";_"m";\V?"V M)-052/*#N*%*#,>%8-0*,NL,G**-052%8-0*,@*,*0/5,@*(66#@*#-/5@*-*#/'*%8-0*,%5,U8#@*,/*#(552@W8G@50(*0@*)2'(0/5,@* (66#@*#--{/82>*,-@*(66#8/*#**,%8G-0*,8G(6,*>*,8)-052/*#N*%*#,>*,/88#(6,U,%*2530*-260*,H95,/622*,@*/*#N*%*#,>*,/88# PL/88#P**2@0*##8#-G*U8#@*,G**-052U*2/*#(552@8)@*(66#@*#-/5@*-*#/'*%8-0*,H 99VS.gg"V1"MT:";m\V?"V 1*8)*,,>-0L@*,/5,U,%*2-8)N8,@5>-53(5,%*2L%/5,@*>*8>#53-'(*2>>,>W55,>*N*,*##*>8,52*/*#-'(22*,NL,H\,\052vN8#>*, #*>8,52*U*00*,*#/88#@50U,%*2-**,G5bG6G/5,DBN8,@5>*,>*2@0*,@50PL3**-0*2L%*>*2*>*,(*@*,*2%L55#PL**,L55#2L%-8/*#2*> U8#@0/5-0>*-0*2@06--*,>*G**,0*,*,P#5,'(*8#>5,-50*-/5,#*052HS55%P*@*,@*N*U*00*,U*2**,G8>*2L%(*@8G**,55,052*b0#5 N8,@5>*,*,X833**-0*2L%*8)*,,>*,%6,,*,U8#@*,08*>*-055,@88#@*>*G**,0*2L%*8/*#(*@*,W8),*6U,8/*#2*>G*0#*052*#-*, P#5,'(*/*#*,>,>*,H ''KO(86*.- 1":""&+"?":""V&Q=9TT"g\Am"mM&+"V 1*>*G**,-'(5))*2L%*%8-0*,/88#*2*%0#'0*0W>5-*,U50*#U8#@*,,8#G552/*#(552@8)@*(66#@*#-/5@*-*#/'*%8-0*,H=*0N*23@*>*2@0 /88#@*P*/*2>,>W-'(88,G55%W>#8*,/88#N*,,>W8,@*#(86@*,'*,0#6GG5,5>*G*,0%8-0*,H1*%8-0*,/88#(*0'*,0#6GG5,5>*G*,0 %5,088#U8#@*,>*N*,52-%8-0*,/88#>*G**,-'(5))*2L%*#6G0*-*,%8G*,@6-0*,25-0*/5,@*-*#/'*%8-0*,H\,g*025,@W#*%*,*, P*@#L/*,52-g,-08U>**,G5,5>*G*,0/*#>8*@,>/88#@*,-0*,WG55##*%*,*,**,)*#'*,05>*/5,@*(66#H9,@*#*P*@#L/*,P#*,>*,**, )*#'*,05>*/5,-*#/'*%8-0*,83/5-0*/*#>8*@,>,#*%*,,>H1*35'205#*@*,-0*,U8#@*,88%/5@*-*#/'*%8-0*,8)@*(66#@*#- /*#(552@H=*0P*(**#/5,(*0G5#%*0,>P6@>*0>550G**-052/5@*U,%*2*#-/*#*,>,>WG55#P2L3088%8,@*#'8,0#82*/5,@*/*#(66#@*#*, @*/*#(66#@*#@#55>0G**-052U*2**,P*)552@P*@#5>PL55,(*0G5#%*0,>P6@>*0W@0P*@#5>%5,*'(0*#P*(88#2L%/5#*#*,H"b0#5,%8G-0*,/88#(*0U,%*2'*,0#6G%8G*,0*,>8*@*/5,@*/*#(66#@*#H"*,55,052P*@#L/*,N852-g,-08U/*#@*2*,@**b0#5,%8G-0*,52- ECc*b0#5(66#,%8G-0*,WJCc52-*b0#5/88#G5#%*0,>%8-0*,*,DCc/88#@*P5,%%8-0*,/5,@*-*#/'*%8-0*,Hm8-0*,,/*#P5,@G*0 @66#N55G(*@U8#@*,,*00*#6>>*/8#@*#@/5,@*(66#@*#-H 1":""&+SMM;mM:"V1"&";S\Q"mM&+"V1\&+;\R.+\"W\V_9:"g\V?"VS";9V+hMM;1\V? S*#@*2,>/5,@*-*#/'*%8-0*,/,@0)2550-8)P5--/5,GB[-*,(*0->*P#6%*2L%@50*#>*P#6%U8#@0>*G55%0/5,**,-0533*2U55#,**, 35'08#-8)>*,8G*,@*53(5,>0/5,@*)8-0**,(*007)*/5,@*6,0H+*%8#0*,55,>*#*250**#@*2**>-055,@*6,0-U8#@*,G**-052/822*@> /*#>8*@@88#@*/*#(66#@*#H1*P*052,>*,U8#@*,G**-052G55,@*2L%-W83-8G-)*#G55,@W5'(0*#53/82@55,H1*P*>#80,>*,)#*-*,050* /5,@*-*#/'*%8-0*,/,@*,G**-052xx,080@#*G55,@*,/ #(*0P*>,/5,(*0L55#)2550-W0*/*,-U8#@0*#*@*#L55#**,#5))8#0 55,>55,@*@*-*#/'*%8-0*,60>*>*/*,H1*-*#/'*%8-0*,53#*%*,,>*,U8#@*,,*0>*'8,0#82**#@8G@50*#G*0Z8)*,P8*%*,[U8#@0 >*U*#%0H+*%8#0*,55,>*#*250**#@*2**>-055,@*6,0-U8#@*,G**-052/822*@>/*#>8*@@88#@*/*#(66#@*#W52-88%@*-)*'52*'8,0#5'0*, U55#,G5bG52-50*-NL,8)>*,8G*,0*,55,N*,/5,@*-*#/'*%8-0*,H1*#*,0*8)-*#/'*%8-0*,P5,%#*%*,,>*,-/822*@>0*,>6,-0*/5, @*/*#(66#@*#H?*-'(22*,55,>55,@*(*0-*#/'*%8-0*,)#8'*-06--*,**,/*#(66#@*#*,(66#@*#W,(*0>*/52/5,G*,,>-/*#-'(22*,8/*# -*#/'*%8-0*,53#*%*,,>WU8#@*,8)>*28-0/5**,>*#*'(0*2L%*)#8'*@6#*H"#-,*0**,P*-0)#5'0'*>@-83(5,@2*@,>60>*>*/*,@88#**, )#83*--8,*2*8#>5,-50*8)@0G8G*,0H"#NL,jOJP*25,>#L%*-)*2*#-8)@*G5#%0U55#PL*2%*)5#0L(*05,@*#-@8*0H ;"&";S"4MV1& ",%*2*U,%*2'*,0#5,g*025,@G5%*,>*P#6%/5,**,#*-*#/*38,@-H S";_"m";\V?"V M)-052/*#N*%*#,>-%8-0*,NL,/*#(552P55#8)@*(66#@*#-/5@*-*#/'*%8-0*,H95,/622*,@*/*#N*%*#,>*,/88#PL/88#P**2@0*##8#-G* %6,,*,,*08)@*(66#@*#-U8#@*,/*#(552@H 99VS.gg"V1"MT:";m\V?"V h,%*2-nl,g**-0528)*,8)n8,@5>h '9KO#80%1(. 1":""&+"?":""V&Q=9TT"g\Am"m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d@-'#**0fH"b0#5,%8G-0*,/88#(*0 U,%*2'*,0#6G%8G*,0*,>8*@*/5,@*/*#(66#@*#Hm8-0*,,/*#P5,@G*0@66#N55G(*@NL,U8#@*,,*00*#6>>*/8#@*#@/5,@*(66#@*#-H 1":""&+SMM;mM:"V1"&";S\Q"mM&+"V1\&+;\R.+\"W\V_9:"g\V?"VS";9V+hMM;1\V? S*#@*2,>/5,@*-*#/'*%8-0*,/,@0)2550-8)P5--/5,GB[-*,(*0->*P#6%*2L%@50*#>*P#6%U8#@0>*G55%0/5,**,-0533*2H+*%8#0*,55, >*#*250**#@*2**>-055,@*6,0-U8#@*,G**-052/822*@>/*#>8*@@88#@*/*#(66#@*#H1*P*052,>*,U8#@*,G**-052)*#G55,@/88#53 /82@55,H 1* P*>#80,> *, )#*-*,050* /5, @* -*#/'*%8-0*, U8#@*, **, G55,@ /88# (*0,*6U* L55# 55, @* (66#@*#- /*#-0#*%0H 1* -*#/'*%8-0*,53#*%*,,>U8#@0,0*#,>*'8,0#82**#@H&*#/'*%8-0*,0*%8#0*,@*/88#0/28**,60>*G5bG52-**#@*-*#/'*%8-0*,P*@#5>*,PL P*)552@*(66#@*#-U8#@*,/822*@>P*0552@@88#@*/*#(66#@*#H1*#*,0*8)-*#/'*%8-0*,P5,%#*%*,,>*,-/822*@>0*,>6,-0*/5,@* /*#(66#@*#H?*-'(22*,55,>55,@*(*0-*#/'*%8-0*,)#8'*-06--*,**,/*#(66#@*#*,(66#@*#W,(*0>*/52/5,G*,,>-/*#-'(22*,8/*# "#0,/""#("//,#2%5/")%5"#/%/""#+,#-+,#-+,#.,/0*/,"5"/>"/'")),#2/%/."'1,;")%./"#1%%'G\"&"'4*#&."H+,#)"4;"#/'*A "#& &

-*#/'*%8-0*,53#*%*,,>WU8#@*,8)>*28-0/5**,@*-%6,@>*,8,@*#N8*%H"#-,*0**,P*-0)#5'0'*>@-83(5,@2*@,>60>*>*/*,@88#**, )#83*--8,*2*8#>5,-50*8)@0G8G*,0H ;"&";S"4MV1& h,%*2'*,0#5,g086u*,u*#%*,,*0g*0**,#*-*#/*38,@-h S";_"m";\V?"V M)-052/*#N*%*#,>-%8-0*,NL,-8G-W53(5,%*2L%/5,(*0>**,-8)>*,8G*,,@*(66#8/*#**%8G-0W/*#(552P55#8)@*(66#@*#-/5@* -*#/'*%8-0*,H95,/622*,@*/*#N*%*#,>*,/88#PL/88#P**2@0*##8#-G*%6,,*,G**-052,*08)@*(66#@*#-U8#@*,/*#(552@H 99VS.gg"V1"MT:";m\V?"V h,%*2-nl,g**-0528)*,8)n8,@5>h '@KO%;(>5%& 1":""&+"?":""V&Q=9TT"g\Am"m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b0#5,%8G-0*,/88#(*0U,%*2'*,0#6G%8G*,0*,>8*@*/5,@*/*#(66#@*#Hm8-0*,,/*#P5,@G*0 @66#N55G(*@NL,U8#@*,,*00*#6>>*/8#@*#@/5,@*(66#@*#-H 1":""&+SMM;mM:"V1"&";S\Q"mM&+"V1\&+;\R.+\"W\V_9:"g\V?"VS";9V+hMM;1\V? S*#@*2,>/5,@*-*#/'*%8-0*,/,@0)2550-8)P5--/5,GB[-*,(*0->*P#6%*2L%@50*#>*P#6%U8#@0>*G55%0/5,**,-0533*2H+*%8#0*,55, >*#*250**#@*2**>-055,@*6,0-U8#@*,G**-052/822*@>/*#>8*@@88#@*/*#(66#@*#W*'(0*#,*0520L@H1*P*052,>*,U8#@*,G**-052)*# G55,@/88#53/82@55,H1*P*>#80,>*,)#*-*,050*/5,@*-*#/'*%8-0*,U8#@*,**,G55,@/88#(*0,*6U*L55#55,@*(66#@*#-/*#-0#*%0H 1*-*#/'*%8-0*,53#*%*,,>U8#@0,0*#,>*'8,0#82**#@H&*#/'*%8-0*,0*%8#0*,@*/88#0/28**,60>*G5bG52-**#@*-*#/'*%8-0*,PL P*)552@*(66#@*#-U8#@*,/822*@>P*0552@@88#@*8/*#>*(66#@*#-H1*#*,0*8)@*-*#/'*%8-0*,P5,%#*%*,,>*,-/822*@>0*,>6,-0*/5, @*/*#(66#@*#H?*-'(22*,55,>55,@*(*0-*#/'*%8-0*,)#8'*-06--*,**,/*#(66#@*#*,(66#@*#U8#@*,8)>*28-0/5**,)#83*--8,**20*5G /5,@*-%6,@>*,H"#-,*0**,P*-0)#5'0'*>@-83(5,@2*@,>60>*>*/*,@88#**,)#83*--8,*2*8#>5,-50*8)@0G8G*,0H ;"&";S"4MV1& h,%*2'*,0#5,g6b*gp6#>8)*#*#*,,*0g*0**,#*-*#/*38,@-h S";_"m";\V?"V M)-052/*#N*%*#,>-%8-0*,NL,/*#(552P55#8)@*(66#@*#-/5@*-*#/'*%8-0*,H95,/622*,@*/*#N*%*#,>*,/88#PL/88#P**2@0*##8#-G* U8#@*,*/*,**,-8)@*(66#@*#-/*#(552@H 99VS.gg"V1"MT:";m\V?"V h,%*2-nl,g**-0528)*,8)n8,@5>hwg55#*#nl,*,%*2*60n8,@*#,>*,h 'EK?(-(&6*.- 1":""&+"?":""V&Q=9TT"g\Am"mM&+"V 1*>*G**,-'(5))*2L%*%8-0*,/88#*2*%0#'0*0W>5-*,U50*#U8#@*,/*#(552@8)@*(66#@*#-/5@*-*#/'*%8-0*,H=*0N*23@*>*2@0/88#@* P*/*2>,>W-'(88,G55%W>#8*,/88#N*,,>W8,@*#(86@*,'*,0#6GG5,5>*G*,0%8-0*,HR*25-0,>*,*,@*#>*2L%*%6,,*,,*08)@*(66#@*#- U8#@*,/*#(552@H1*%8-0*,/88#(*0'*,0#6GG5,5>*G*,0%5,088#U8#@*,>*N*,52-%8-0*,/88#>*G**,-'(5))*2L%*#6G0*-*,U8#@*, /*#(552@8)@*(66#@*#-H1*P*(**#/*#>8*@,>/88#-*#/'*%8-0*,-G**-052>*P5-**#@8)**,)*#'*,05>*/5,@*-*#/'*%8-0*,53#*%*,,>W G**-052EcH=*0G5,5>*G*,0*,@*35'205#*@*,-0*,U8#@*,/5@*-*#/'*%8-0*,8)@*(66#@*#-/*#(552@W*'(0*#(*0P*(**#/5,(*0 U,%*2'*,0#6GN*23,*0H=*0P*(**#/5,(*0G5#%*0,>P6@>*0>550G**-052/5@*/*#(66#@*#*,@*N*@#55>0,/**2>*/522*,88%PL55,(*0 G5#%*0,>P6@>*0H"b0#5,%8G-0*,/88#(*0U,%*2'*,0#6G%8G*,0*,>8*@*/5,@*/*#(66#@*#Hm8-0*,,/*#P5,@G*0@66#N55G(*@NL, U8#@*,,*00*#6>>*/8#@*#@/5,@*(66#@*#-H 1":""&+SMM;mM:"V1"&";S\Q"mM&+"V1\&+;\R.+\"W\V_9:"g\V?"VS";9V+h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bG52-**#@*-*#/'*%8-0*,P*@#5>*,PLP*)552@*(66#@*#-U8#@*, -8G-P*0552@@88#/*#(66#@*#G55#-8G-88%@88#@*8/*#>*(66#@*#-H1*#*,0*8)@*-*#/'*%8-0*,P5,%#*%*,,>*,-/822*@>0*,>6,-0* /5,@*-*#/'*%8-0*,H?*-'(22*,55,>55,@*(*0-*#/'*%8-0*,)#8'*-06--*,**,/*#(66#@*#*,(66#@*#U8#@*,8)>*28-0/5**,>*#*'(0*2L%* )#8'*@6#*H"#->**,P*-0)#5'0'*>@-83(5,@2*@,>60>*>*/*,@88#**,)#83*--8,*2*8#>5,-50*WU*2-*#**,/#LP2L/*,@*2*@#55@ 8,0U%%*2@@*G8>*2L%(5,@/50*,%5,P*@*,/88#/*#(66#@*#*,(66#@*#-H ;"&";S"4MV1& h,%*2'*,0#5,v*@*#25,@g5%*,>*p#6%/5,**,#*-*#/*38,@-h"*,@8*2/5,@038,@-n86pl/88#p**2@%6,,*,nl,8g%*#-0/*#-*#,>*,55, 0*-'(533*,H S";_"m";\V?"V M)-052/*#N*%*#,>-%8-0*, *, 55,/622*,@* /*#N*%*#,>*, /88# PL/88#P**2@ 0*##8#-G* U8#@*, G**-052,*0 8) @* (66#@*#- /*#(552@W 60N8,@*#,>(*#PL-*'(0*#@*>25-/*#N*%*#,>H 99VS.gg"V1"MT:";m\V?"V 1*8)*,,>/5,U,%*2-8)N8,@5>(5,>053/5,(6,>*8>#53-'(*28'50*W55,>*N*,*##*>8,52*/*#-'(22*,NL,H1*N*NL,8,@*#5,@*#* >*P5-**#@8)@*/#55>83**,>*P*@%5,U8#@*,>*@*3,**#@52-**,08*#-0-'(*P*-0*GG,>83,*0H 'ik?00&1((. 1":""&+"?":""V&Q=9TT"g\Am"mM&+"V 1*>*G**,-'(5))*2L%*%8-0*,/88#*2*%0#'0*0W>5-*,U50*#U8#@*,/*#(552@8)@*(66#@*#-/5@*-*#/'*%8-0*,H=*0N*23@*>*2@0/88#@* P*/*2>,>W-'(88,G55%W>#8*,/88#N*,,>W8,@*#(86@*,'*,0#6GG5,5>*G*,0%8-0*,HR*25-0,>*,*,@*#>*2L%*%6,,*,,*08)@*(66#@*#- U8#@*,/*#(552@H1*%8-0*,/88#(*0'*,0#6GG5,5>*G*,0%5,088#U8#@*,>*N*,52-%8-0*,/88#>*G**,-'(5))*2L%*#6G0*-*,U8#@*, /*#(552@8)@*(66#@*#-H1*P*(**#/*#>8*@,>/88#-*#/'*%8-0*,-G**-052>*P5-**#@8)**,)*#'*,05>*/5,@*-*#/'*%8-0*,53#*%*,,>H =*0G5,5>*G*,0*,P*(**#%8-0*,U8#@*,/5@*-*#/'*%8-0*,8)@*(66#@*#-/*#(552@W*'(0*#35'205#*@*,-0*,/5,(*0U,%*2'*,0#6G "#0,/""#("//,#2%5/")%5"#/%/""#+,#-+,#-+,#.,/0*/,"5"/>"/'")),#2/%/."'1,;")%./"#1%%'G\"&"'4*#&."H+,#)"4;"#/'*A "#& &

,*0H=*0P*(**#/5,(*0G5#%*0,>P6@>*0>550G**-052/5@*/*#(66#@*#*,@*N*@#55>0,/**2>*/522*,88%PL55,(*0G5#%*0,>P6@>*0W /**252@-'#**0H"b0#5,%8G-0*,/88#(*0U,%*2'*,0#6G%8G*,0*,>8*@*/5,@*/*#(66#@*#Hm8-0*,,/*#P5,@G*0@66#N55G(*@U8#@*, 0*#6>>*/8#@*#@/5,@*(66#@*#-H 1":""&+SMM;mM:"V1"&";S\Q"mM&+"V1\&+;\R.+\"W\V_9:"g\V?"VS";9V+hMM;1\V? S*#@*2,>/5,@*-*#/'*%8-0*,/,@0)2550-8)P5--/5,GB[-*,(*0->*P#6%*2L%@50*#>*P#6%U8#@0>*G55%0/5,**,-0533*2U55#PLP8/*, **,P*)552@55,052GB[-**,-88#0%8#0,>/5,08*)5--,>-H+*%8#0*,55,>*#*250**#@*2**>-055,@*6,0-U8#@*,G**-052/822*@>/*#>8*@ @88#@*/*#(66#@*#H1*P*052,>*,U8#@*,G**-052)*#%U5#0552/88#53/82@55,H1*P*>#80,>*,)#*-*,050*/5,@*-*#/'*%8-0*,U8#@*,,*0 /*#-0#*%0H 1* -*#/'*%8-0*,53#*%*,,> U8#@0 *b0*#, >*'8,0#82**#@H &*#/'*%8-0*, 0*%8#0*, @* /88#0/28**, 60 >*G5bG52-**#@* -*#/'*%8-0*,P*@#5>*,PLP*)552@*(66#@*#-U8#@*,/822*@>P*0552@@88#@*/*#(66#@*#H1*#*,0*8)@*-*#/'*%8-0*,P5,%#*%*,,>*,- /822*@>0*,>6,-0*/5,@*-*#/'*%8-0*,H?*-'(22*,55,>55,@*(*0-*#/'*%8-0*,)#8'*-06--*,**,/*#(66#@*#*,(66#@*#WU8#@*,8)>*28-0 /5**,>*#*'(0*2L%*)#8'*@6#*H"#-**,P*-0)#5'0'*>@-83(5,@2*@,>60>*>*/*,@88#**,)#83*--8,*2*8#>5,-50*8)@0G8G*,0H ;"&";S"4MV1& h,%*2'*,0#5,v88#u*>*,u*#%*,,*0g*0**,#*-*#/*38,@-h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b0#5,%8G*,Hm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b0*#,>*'8,0#82**#@H&*#/'*%8-0*,0*%8#0*,@*/88#0/28**,603b*@ 3**-*,@*NL,08*>*%*,@55,(66#@*#-U8#@*,/*#-)#*@8,@*#(66#@*#-H1*#*,0*8)-*#/'*%8-0*,P5,%#*%*,,>*,U8#@0,>*(86@*,@88# @*/*#(66#@*#H?*-'(22*,06--*,/*#(66#@*#*,(66#@*#8/*#-*#/'*%8-0*,NL,N*2@N55GW*,/,@*,/#LU*2522**,)2550-G*0>#80*#*052*#- @*(6,*>*,35'205#*53@*2,>*,(*PP*,H10U8#@0G**-052P250*#552>*#*>*2@@88#G@@*2/5,,0*#,*@*-%6,@>*,HS88#'8,0#5'0*,G*0 P*0#*%%,>080@*2*/*#,>*,*,@*,-0*,U8#@*,G5#%0'8,38#G>*#*>*2@H"#->**,P*-0)#5'0'*>6@*83(5,@2*@,>/88#-*#/'*%8-0*, 60>*>*/*,@88#**,)#83*--8,*2*8#>5,-50*H "#""% h,%*2'*,0#5,m8-0*,#l%u*#%*,,*0g*0**,#*-*#/*p6@>*0h "#"%"#&'("' M)-052/*#N*%*#,>*,*,/*#N*%*#,>*,/88#0*##8#-G*U8#@*,G**-052/*#(552@8)@*(66#@*#-,@*-*#/'*%8-0*,H "#%%&"'&()*+&,-.""# h,%*2-nl,g**-0528)n8,@5>>*-280*,h '[Ka06(. 1":""&+"?":""V&Q=9TT"g\Am"mM&+"V 1*>*G**,-'(5))*2L%*%8-0*,/88#*2*%0#'0*0W>5-*,U50*#U8#@*,/*#(552@8)@*(66#@*#-/5@*-*#/'*%8-0*,H=*0N*23@*>*2@0/88#@* P*/*2>,>W-'(88,G55%W>#8*,/88#N*,,>W8,@*#(86@*,'*,0#6GG5,5>*G*,0%8-0*,HR*25-0,>*,*,@*#>*2L%*%6,,*,,*08)@*(66#@*#- U8#@*,/*#(552@H1*%8-0*,/88#(*0'*,0#6GG5,5>*G*,0%5,088#U8#@*,>*N*,52-%8-0*,/88#>*G**,-'(5))*2L%*#6G0*-*,U8#@*, /*#(552@8)@*(66#@*#-H1*P*(**#/*#>8*@,>/88#-*#/'*%8-0*,-G**-052**,/5-0P*@#5>8)P5--/5,(66#8)P#*,>-0*,H1*35'205#* @*,-0*,/5,(*0U,%*2'*,0#6G%6,,*,88%U8#@*,/*#(552@8)@*(66#@*#-/5@*-*#/'*%8-0*,H=*0P*(**#/5,(*0G5#%*0,>P6@>*0>550 G**-052/5@*/*#(66#@*#*,@*N*@#55>0,/**2>*/522*,88%PL55,(*0G5#%*0,>P6@>*0W/**252@-'#**0H"b0#5,%8G-0*,/88#(*0 U,%*2'*,0#6G%8G*,0*,>8*@*/5,@*/*#(66#@*#Hm8-0*,,/*#P5,@G*0@66#N55G(*@U8#@*,,*00*#6>>*/8#@*#@/5,@*(66#@*#-H 1":""&+SMM;mM:"V1"&";S\Q"mM&+"V1\&+;\R.+\"W\V_9:"g\V?"VS";9V+h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d3b*@f-*#/'*%8-0*,PLP*)552@* (66#@*#-U8#@*,/822*@>P*0552@@88#@*/*#(66#@*#H1*#*,0*8)@*-*#/'*%8-0*,P5,%#*%*,,>*,-0*,>6,-0*/5,@*-*#/'*%8-0*,H?*-'(22*,55,>55,@*(*0-*#/'*%8-0*,)#8'*-06--*,**,/*#(66#@*#*,(66#@*#U8#@*,8)>*28-0/5**,>*#*'(0*2L%*)#8'*@6#*H"#->**, P*-0)#5'0'*>@-83(5,@2*@,>60>*>*/*,@88#**,)#83*--8,*2*8#>5,-50*8)@0G8G*,0H ;"&";S"4MV1& h,%*2'*,0#5,t82*,u*#%*,,*0g*0**,#*-*#/*38,@-h S*#N*%*#,>*, M)-052/*#N*%*#,>-%8-0*,U8#@*,/*#(525@8)@*(66#@*#-W55,/622*,@*/*#N*%*#,>*,/88#PL/88#P**2@0*##8#-G*U8#@*,G**-052,*08) @*(66#@*#-/*#(552@H 99VS.gg"V1"MT:";m\V?"V h,%*2-nl,g**-0528)*,8)n8,@5>h "#0,/""#("//,#2%5/")%5"#/%/""#+,#-+,#-+,#.,/0*/,"5"/>"/'")),#2/%/."'1,;")%./"#1%%'G\"&"'4*#&."H+,#)"4;"#/'*A ""& &

'XKa0&8%*6 1":""&+"?":""V&Q=9TT"g\Am"m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b0#5,%8G-0*,/88#(*0U,%*2'*,0#6G%8G*,0*,>8*@*/5,@*/*#(66#@*#Hm8-0*,,/*#P5,@G*0@66#N55G(*@U8#@*,>*N*,8)*#508,*2* %8-0*,*,%6,,*,U8#@*,0*#6>>*/8#@*#@/5,@*(66#@*#-H\,/*-0*#,>-%8-0*,U8#@*,P*0552@@88#@**>*,55#H 1":""&+SMM;mM:"V1"&";S\Q"mM&+"V1\&+;\R.+\"W\V_9:"g\V?"VS";9V+hMM;1\V? S*#@*2,>/5,@*-*#/'*%8-0*,/,@0)2550-8)P5--/5,**,/*#@*2,>/5,@*%8-0*,8,@*#@*(66#@*#-*,-(*0>*P#6%*2L%@50*#**, P*)552@*U*>,>-H+*%8#0*,55,>*#*250**#@*2**>-055,@*6,0-U8#@*,G**-052/822*@>/*#>8*@@88#@*/*#(66#@*#H1*P*052,>*,U8#@*, G**-052G55,@*2L%-/88#53P*0552@H1*P*>#80,>*,)#*-*,050*/5,@*-*#/'*%8-0*,U8#@*,**,080@#*G55,@*,/88#5355,(*0,*6U* L55#>*)#*-*,0**#@H1*-*#/'*%8-0*,53#*%*,,>U8#@0,*0>*'8,0#82**#@H&*#/'*%8-0*,0*%8#0*,@*/88#0/28**,60>*G5bG52-**#@* -*#/'*%8-0*,P*@#5>*,PLP*)552@*(66#@*#-U8#@*,/822*@>P*0552@@88#@*/*#(66#@*#H1*#*,0*8)@*-*#/'*%8-0*,P5,%#*%*,,>*,- /822*@>0*,>6,-0*/5,@*-*#/'*%8-0*,H?*-'(22*,55,>55,@*(*0-*#/'*%8-0*,)#8'*-06--*,**,/*#(66#@*#*,(66#@*#U8#@*,8)>*28-0 /5**,>*#*'(0*2L%*)#8'*@6#*H"'(0*#U8#@0/55%/*#U*N*,,55#(*0(*0>*-280*,(66#'8,0#5'0H"#->**,P*-0)#5'0'*>@-83(5,@2*@,> 60>*>*/*,@88#**,)#83*--8,*2*8#>5,-50*8)@0G8G*,0H ;"&";S"4MV1& h,%*2'*,0#5,t8#06>52u*#%*,,*0g*0**,#*-*#/*38,@-h S*#N*%*#,>*, M)-052/*#N*%*#,>-%8-0*,*,55,/622*,@*/*#N*%*#,>*,/88#PL/88#P**2@0*##8#-G*U8#@*,G**-052,*08)@*(66#@*#-/*#(552@H 95,/622*,@*8)G*#%,>*, h,%*2-nl,g**-0528)*,8)n8,@5>h 'TKF0(>(.#j 1":""&+"?":""V&Q=9TT"g\Am"m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b0#5,%8G-0*,/88#(*0U,%*2'*,0#6G%8G*,0*,>8*@*/5,@*/*#(66#@*#Hm8-0*,,/*#P5,@G*0 @66#N55G(*@%6,,*,,*0U8#@*,0*#6>>*/8#@*#@/5,@*(66#@*#-H\,/*-0*#,>-%8-0*,U8#@*,P*0552@@88#@**>*,55#H 1":""&+SMM;mM:"V1"&";S\Q"mM&+"V1\&+;\R.+\"W\V_9:"g\V?"VS";9V+hMM;1\V? S*#@*2,>/5,@*-*#/'*%8-0*,/,@0)2550-8)P5--/5,**,/*#@*2,>/5,@*%8-0*,8,@*#@*(66#@*#-*,-(*0>*P#6%*2L%@50*#**, P*)552@*U*>,>-H+*%8#0*,55,>*#*250**#@*2**>-055,@*6,0-U8#@*,G**-052/822*@>/*#-)#*@8,@*#@*(66#@*#-WG55#@0-53(5,%*2L% /5,@*(66#8/*#**,%8G-0*,H1*P*052,>*,U8#@*,G**-052G55,@*2L%-/88#53/82@55,H1*P*>#80,>*,)#*-*,050*/5,@*-*#/'*%8-0*, U8#@*,,*0/*#-0#*%0H1*-*#/'*%8-0*,53#*%*,,>U8#@0-8G-*b0*#,>*'8,0#82**#@WG55#@0U8#@0G8,@L*-G550@88#@*G5#%008*>*)5-0H &*#/'*%8-0*, 0*%8#0*, @* /88#0/28**, 60 >*G5bG52-**#@* -*#/'*%8-0*,P*@#5>*, PL P*)552@* (66#@*#- U8#@*, P*0552@ @88# @* (66#@*#-W53(5,%*2L%/5,@*(66#8/*#**,%8G-0*,H1*#*,0*8)@*-*#/'*%8-0*,P5,%#*%*,,>*,-/822*@>0*,>6,-0*/5,@*-*#/'*%8-0*,H?*-'(22*,55,>55,@*(*0-*#/'*%8-0*,)#8'*-06--*,**,/*#(66#@*#*,(66#@*#U8#@*,8)>*28-0/5**,@*-%6,@>*,8,@*#N8*%H"#->**, P*-0)#5'0'*>@-83(5,@2*@,>60>*>*/*,@88#**,)#83*--8,*2*8#>5,-50*8)@0G8G*,0H ;"&";S"4MV1&?**,,38#G50*-/*#-0#*%0H S";_"m";\V?"V M)-052/*#N*%*#,>-%8-0*,*,55,/622*,@*/*#N*%*#,>*,/88#PL/88#P**2@0*##8#-G*U8#@*,8)@*(66#@*#-/*#(552@H 99VS.gg"V1"MT:";m\V?"V h,%*2-nl,g**-0528)*,8)n8,@5>h 9SKF%)6*.- 1":""&+"?":""V&Q=9TT"g\Am"mM&+"V 1*>*G**,-'(5))*2L%*%8-0*,/88#*2*%0#'0*0W>5-*,U50*#U8#@*,/*#(552@8)@*(66#@*#-/5@*-*#/'*%8-0*,H&*#/'*%8-0*,G8*0*, /55% 5)5#0 U8#@*, >*35'06#**#@ 55, @* >*P#6%*#-H =*0N*23@* >*2@0 /88# 8,@*#(86@-%8-0*, d52- @50 88% N8-53>*-)#8%*,, @* 8/*#**,%8G-0f*,/88#P*25-0,>*,H1*P*/*2>,>-OW-'(88,G55%OW>#8*,/88#N*,,>OW8,@*#(86@O*,'*,0#6GG5,5>*G*,0%8-0*,NL,,*0 /*#(552P55#HR*25-0,>*,*,@*#>*2L%*%6,,*,,*08)@*(66#@*#-U8#@*,/*#(552@H1*%8-0*,/88#(*0'*,0#6GG5,5>*G*,0%5,088# U8#@*,,*0 /*#(552@ 8) @* (66#@*#-H1* P*(**#/*#>8*@,> /88# -*#/'*%8-0*, U8#@0 G**>*,8G*,, @* -*#/'*%8-0*,P*>#80,>H 1* P*(**#%8-0*,*,35'205#*@*,-0*,/5,(*0U,%*2'*,0#6G%6,,*,U*2U8#@*,/*#(552@8)@*(66#@*#-/5@*-*#/'*%8-0*,H=*0P*(**#/5, (*0G5#%*0,>P6@>*0>550G**-052/5@*-*#/'*%8-0*,*,-05508,@*#08*N'(0/5,@*/*#(66#@*#H"b0#5,%8G-0*,/88#(*0U,%*2'*,0#6G %8G*, 0*, >8*@* /5, @* /*#(66#@*#H m8-0*,, /*#P5,@ G*0 @66#N55G(*@ %6,,*,,*0 U8#@*, 0*#6>>*/8#@*#@ /5, @* (66#@*#-H \,/*-0*#,>-%8-0*,U8#@*,P*0552@@88#@**>*,55#H 1":""&+SMM;mM:"V1"&";S\Q"mM&+"V1\&+;\R.+\"W\V_9:"g\V?"VS";9V+h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bG52-**#@*-*#/'*%8-0*,P*@#5>*,PLP*)552@*(66#@*#-U8#@*,P*0552@@88#@* /*#(66#@*#H 1* #*,0* 8) @* -*#/'*%8-0*, P5,%#*%*,,>*, - /822*@> 0*, >6,-0* /5, @* /*#(66#@*#H?*-'(22*, 55,>55,@* (*0 "#0,/""#("//,#2%5/")%5"#/%/""#+,#-+,#-+,#.,/0*/,"5"/>"/'")),#2/%/."'1,;")%./"#1%%'G\"&"'4*#&."H+,#)"4;"#/'*A "#& &

-*#/'*%8-0*,)#8'*--*,06--*,**,/*#(66#@*#*,(66#@*#U8#@*,8)>*28-0/5**,>*#*'(0*2L%*)#8'*@6#*H"#->**,P*-0)#5'0'*>@-83 (5,@2*@,>60>*>*/*,@88#**,)#83*--8,*2*8#>5,-50*8)@0G8G*,0H ;"&";S"4MV1& h,%*2'*,0#5,;6-25,@8)*#*#*,,*0g*0**,#*-*#/*38,@-h S";_"m";\V?"V M)-052/*#N*%*#,>-%8-0*,U8#@*,@88#@*(66#@*#-P*0552@W55,/622*,@*/*#N*%*#,>*,/88#PL/88#P**2@0*##8#-G*NL,/55%,*0/5, 08*)5--,>H 99VS.gg"V1"MT:";m\V?"V h,%*2-nl,g**-0528)*,8)n8,@5>h 9'K=(&7#j 1":""&+"?":""V&Q=9TT"g\Am"m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b0#5,%8G-0*,/88#(*0 U,%*2'*,0#6G%8G*,0*,>8*@*/5,@*-*#/'*%8-0*,Hm8-0*,,/*#P5,@G*0@66#N55G(*@U8#@*,,*00*#6>>*/8#@*#@/5,@*(66#@*#-H 1":""&+SMM;mM:"V1"&";S\Q"mM&+"V1\&+;\R.+\"W\V_9:"g\V?"VS";9V+h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bG52-**#@*-*#/'*%8-0*,P*@#5>*,PLP*)552@*(66#@*#- U8#@*,/822*@>P*0552@@88#@*(66#@*#-H1*#*,0*8)@*-*#/'*%8-0*,P5,%#*%*,,>*,-0*,>6,-0*/5,@*-*#/'*%8-0*,H?*-'(22*, 55,>55,@*(*0-*#/'*%8-0*,)#8'*-06--*,**,/*#(66#@*#*,(66#@*#-U8#@*,8)>*28-0/5**,>*#*'(0*2L%*)#8'*@6#*H"#->**,P*-0 )#5'0'*>@-83(5,@2*@,>60>*>*/*,@88#**,)#83*--8,*2*8#>5,-50*8)@0G8G*,0H ;"&";S"4MV1& h,%*2'*,0#5,&*#/vg5%*,>*p#6%/5,**,#*-*#/*38,@-h S";_"m";\V?"V M)-052/*#N*%*#,>-%8-0*,U8#@*,@88#@*(66#@*#-P*0552@W55,/622*,@*/*#N*%*#,>*,/88#PL/88#P**2@0*##8#-G*NL,/55%,*0/5, 08*)5--,>H 99VS.gg"V1"MT:";m\V?"V h,%*2-nl,g**-0528)*,8)n8,@5>h 99K=601*:#G( 1":""&+"?":""V&Q=9TT"g\Am"m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b0#5,%8g-0*, /88# (*0 U,%*2'*,0#6G %8G*, 0*, >8*@* /5, @* -*#/'*%8-0*,H m8-0*,, /*#P5,@ G*0 @66#N55G(*@U8#@*,,*00*#6>>*/8#@*#@/5,@*(66#@*#-H 1":""&+SMM;mM:"V1"&";S\Q"mM&+"V1\&+;\R.+\"W\V_9:"g\V?"VS";9V+hMM;1\V? S*#@*2,>/5,@*-*#/'*%8-0*,/,@0)2550-8)P5--/5,**,/*#@*2,>/5,@*%8-0*,8,@*#@*(66#@*#-W*,(*0->*P#6%*2L%@50*#**, P*)552@*U*>,>-H+*%8#0*,55,>*#*250**#@*2**>-055,@*6,0-U8#@*,G**-052/822*@>P*0552@@88#@*(66#@*#-H1*P*052,>*,U8#@*, G**-052G55,@*2L%-)*#G55,@83%U5#0552/88#60>*G55%0H1*P*>#80,>*,)#*-*,050*/5,@*-*#/'*%8-0*,U8#@*,G**-052**,080@#* G55,@*, /88#53 55, (*0 /82>*,@* L55# /*#-0#*%0H 1* -*#/'*%8-0*,53#*%*,,> U8#@0 *b0*#, >*'8,0#82**#@H &*#/'*%8-0*, 0*%8#0*, @* /88#0/28**,60>*G5bG52-**#@*-*#/'*%8-0*,P*@#5>*,PLP*)552@*(66#@*#-U8#@*,/*#-)#*@8,@*#@*(66#@*#-H1*#*,0*8)@* -*#/'*%8-0*, P5,%#*%*,,>*, - /822*@> 0*, >6,-0* /5, @* -*#/'*%8-0*,H?*-'(22*, 55,>55,@* (*0 -*#/'*%8-0*,)#8'*- 06--*, **, /*#(66#@*#*,(66#@*#U8#@*,8)>*28-0/5**,>*#*'(0*2L%*)#8'*@6#*H"#->**,P*-0)#5'0'*>@-83(5,@2*@,>60>*>*/*,@88#**, )#83*--8,*2*8#>5,-50*8)@0G8G*,0H ;"&";S"4MV1& h,%*2'*,0#5,&28u5%l*g5%*,>*p#6%/5,**,#*-*#/*38,@-h S";_"m";\V?"V M)-052/*#N*%*#,>-%8-0*,*,55,/622*,@*/*#N*%*#,>*,/88#PL/88#P**2@0*##8#-G*U8#@*,8)@*(66#@*#-/*#(552@H 99VS.gg"V1"MT:";m\V?"V h,%*2-nl,g**-0528)*,8)n8,@5>h 9@K=<*.G( 1":""&+"?":""V&Q=9TT"g\Am"mM&+"V 1*>*G**,-'(5))*2L%*%8-0*,/88#*2*%0#'0*0W>5-*,U50*#U8#@*,/*#(552@8)@*(66#@*#-/5@*-*#/'*%8-0*,H=*0N*23@*>*2@0/88#@* P*/*2>,>W-'(88,G55%W>#8*,/88#N*,,>W8,@*#(86@*,'*,0#6GG5,5>*G*,0%8-0*,H1*%8-0*,/88#(*0'*,0#6GG5,5>*G*,0%5,088# U8#@*,>*N*,52-%8-0*,/88#>*G**,-'(5))*2L%*#6G0*-*,U8#@*,/*#(552@8)@*(66#@*#-H1*P*(**#/*#>8*@,>/88#-*#/'*%8-0*,- G**-052**,/5-0*/*#>8*@,>)26-**,/5#5P*2*/*#>8*@,>/5,@**b0#5,%8G-0*,H1*35'205#*@*,-0*,/5,(*0U,%*2'*,0#6G%6,,*, 88%U8#@*,/*#(552@8)@*(66#@*#-/5@*-*#/'*%8-0*,W*'(0*#@**>*,G5,5>*G*,0%8-0*,/5,**,/*#(66#@*#83/5-0>8*@G5,5>*#,*0H =*0P*(**#/5,(*0G5#%*0,>P6@>*0>550G**-052/5@*/*#(66#@*#*,@*N*@#55>0,/**2>*/522*,88%PL55,(*0G5#%*0,>P6@>*0W@*N* "#0,/""#("//,#2%5/")%5"#/%/""#+,#-+,#-+,#.,/0*/,"5"/>"/'")),#2/%/."'1,;")%./"#1%%'G\"&"'4*#&."H+,#)"4;"#/'*A "#& &

PL@#5>*-U*2@-'#**0H"b0#5,%8G-0*,/88#(*0U,%*2'*,0#6G%8G*,0*,>8*@*/5,@*/*#(66#@*#Hm8-0*,,/*#P5,@G*0@66#N55G(*@ U8#@*,/*#(552@8)@*(66#@*#-H 1":""&+SMM;mM:"V1"&";S\Q"mM&+"V1\&+;\R.+\"W\V_9:"g\V?"VS";9V+hMM;1\V? S*#@*2,>/5,@*-*#/'*%8-0*,/,@0)2550-8)P5--/5,GB[-*,(*0->*P#6%*2L%@50*#>*P#6%U8#@0>*G55%0/5,**,-0533*2U55#PLP8/*, **, P*)552@ 55,052 GB[- **, -88#0 %8#0,> /5, 08*)5--,> - U55#@88# @* >#80*#* **,(*@*, 25>*#* 05#*/*, P*052*,H +*%8#0*, 55, >*#*250**#@*2**>-055,@*6,0-U8#@*,G**-052/822*@>/*#>8*@@88#@*/*#(66#@*#H1*P*052,>*,U8#@*,G**-052G55,@*2L%-/88#53 /82@55,H 1* P*>#80,> *, )#*-*,050* /5, @* -*#/'*%8-0*, U8#@*, /88#53>55,@ 55, (*0,*6U* L55# >*G55%0 *, /*#-)#*@H 1* -*#/'*%8-0*,53#*%*,,>U8#@0,*0>*'8,0#82**#@H&*#/'*%8-0*,0*%8#0*,@*/88#0/28**,60>*G5bG52-**#@*-*#/'*%8-0*,P*@#5>*,PL P*)552@*(66#@*#-U8#@*,/822*@>P*0552@@88#@*/*#(66#@*#H1*#*,0*8)@*-*#/'*%8-0*,P5,%#*%*,,>*,-/822*@>0*,>6,-0*/5,@* -*#/'*%8-0*,H?*-'(22*,55,>55,@*(*0-*#/'*%8-0*,)#8'*-06--*,**,/*#(66#@*#*,(66#@*#U8#@*,8)>*28-0/5**,>*#*'(0*2L%* )#8'*@6#*H"#->**,P*-0)#5'0'*>@-83(5,@2*@,>60>*>*/*,@88#**,)#83*--8,*2*8#>5,-50*8)@0G8G*,0H ;"&";S"4MV1& h,%*2'*,0#5,&)5,l*g5%*,>*p#6%/5,**,#*-*#/*38,@-h S";_"m";\V?"V M)-052/*#N*%*#,>-%8-0*,U8#@*,@88#@*(66#@*#-P*0552@W55,/622*,@*/*#N*%*#,>*,/88#PL/88#P**2@0*##8#-G*NL,/55%,*0/5, 08*)5--,>H 99VS.gg"V1"MT:";m\V?"V 1*8)*,,>-0L@*,/5,U,%*2-8)N8,@5>-53(5,%*2L%/5,(6,>*8>#53-'(*28'50*W55,>*N*,*##*>8,52*/*#-'(22*,NL,,&)5,L*H 9EKk1(-(. 1":""&+"?":""V&Q=9TT"g\Am"mM&+"V 1*>*G**,-'(5))*2L%*%8-0*,/88#*2*%0#'0*0W>5-*,U50*#U8#@*,/*#(552@8)@*(66#@*#-/5@*-*#/'*%8-0*,Hm8-0*,/88#@* P*/*2>,>W-'(88,G55%W>#8*,/88#N*,,>W8,@*#(86@*,'*,0#6GG5,5>*G*,0%8-0*,%6,,*,,*0520L@U8#@*,/*#(552@8)@*(66#@*#- /5@*-*#/'*%8-0*,H"'(0*#-@0P**2@U*255,(*0/*#5,@*#*,*,/82>*,NL@*"6#8)*-*U*>*,@55#,8G(*0U*20*/*#(52*,8)@* (66#@*#-H1*%8-0*,/88#(*0'*,0#6GG5,5>*G*,0%5,088#U8#@*,>*N*,52-%8-0*,/88#>*G**,-'(5))*2L%*#6G0*-*,U8#@*,/*#(552@ 8)@*(66#@*#-H1*P*(**#/*#>8*@,>/88#-*#/'*%8-0*,-G**-052**,/5-0*/*#>8*@,>H1*35'205#*@*,-0*,/5,(*0U,%*2'*,0#6G %6,,*,,*0U8#@*,/*#(552@8)@*(66#@*#-/5@*-*#/'*%8-0*,H=*0P*(**#/5,(*0G5#%*0,>P6@>*0>550G**-052/5@*/*#(66#@*#*, @*N*@#55>0,/**2>*/522*,88%PL55,(*0G5#%*0,>P6@>*0W@*N*PL@#5>*->*G**,-'(5))*2L%H"b0#5,%8G-0*,/88#(*0U,%*2'*,0#6G %8G*,0*,>8*@*/5,@*/*#(66#@*#Hm8-0*,,/*#P5,@G*0@66#N55G(*@U8#@*,,*00*#6>>*/8#@*#@/5,@*(66#@*#-H 1":""&+SMM;mM:"V1"&";S\Q"mM&+"V1\&+;\R.+\"W\V_9:"g\V?"VS";9V+hMM;1\V? S*#@*2,>/5,@*-*#/'*%8-0*,/,@0)2550-8)P5--/5,GB[-*,(*0->*P#6%*2L%@50*#>*P#6%U8#@0>*G55%0/5,**,-0533*2*,/*#@*2,>H +*%8#0*,55,>*#*250**#@*2**>-055,@*6,0-U8#@*,G**-052/822*@>/*#>8*@@88#@*/*#(66#@*#H1*P*052,>*,U8#@*,G**-052)*# %U5#0552/88#53/82@55,H1*P*>#80,>*,)#*-*,050*/5,@*-*#/'*%8-0*,U8#@*,**,080@#*G55,@*,/88#53>55,@55,(*0,*6U*L55# >*G55%0H 1* -*#/'*%8-0*,53#*%*,,> U8#@0 *b0*#, >*'8,0#82**#@H &*#/'*%8-0*, 0*%8#0*, @* /88#0/28**, 60 >*G5bG52-**#@* -*#/'*%8-0*,P*@#5>*,PLP*)552@*(66#@*#-U8#@*,/822*@>P*0552@@88#@*/*#(66#@*#H1*#*,0*8)@*-*#/'*%8-0*,P5,%#*%*,,>*,- /822*@>0*,>6,-0*/5,@*-*#/'*%8-0*,H?*-'(22*,55,>55,@*(*0-*#/'*%8-0*,)#8'*-06--*,**,/*#(66#@*#*,(66#@*#W,(*0>*/52/5, G*,,>-/*#-'(22*,8/*#-*#/'*%8-0*,53#*%*,,>WU8#@*,8)>*28-0/5**,)#83*--8,**2@*-%6,@>*,)25038#GH"#->**,P*-0)#5'0'*>@-83 (5,@2*@,>60>*>*/*,@88#**,)#83*--8,*2*8#>5,-50*8)@0G8G*,0H ;"&";S"4MV1& h,%*2'*,0#5,_u*@*,u*#%*,,*0g*0**,#*-*#/*38,@-h S";_"m";\V?"V M)-052/*#N*%*#,>-%8-0*,*,55,/622*,@*/*#N*%*#,>*,/88#PL/88#P**2@0*##8#-G*%6,,*,/55%,*08)@*(66#@*#-U8#@*,/*#(552@H 99VS.gg"V1"MT:";m\V?"V h,%*2-nl,g**-0528)*,8)n8,@5>h\,@*&'5,@,5/-'(*25,@*,%*,0g*,(*0-7-0**g/5,/88#-'(80*,53#*%*,,>u*2wg55#u8#@*,*# 88%#**@-/**2522O,'8,0#5'0*,53>*-280*,H\,@*N*'8,0#5'0*,NL,@*-*#/'*%8-0*,@6->*3b**#@*,/,@*#,*0520L@**,53#*%*,,>)2550-W @55#@*(66#@*#-2*'(0-**,P*@#5>55,-*#/'*%8-0*,P*0552@55,@*/*#(66#@*#H10-7-0**G-@*,0*%55,(*03b*@3**G8@*2@*NL, 8)G5#-G55%0,V*@*#25,@H 9iK4G(+,#( 1":""&+"?":""V&Q=9TT"g\Am"mM&+"V 1*>*G**,-'(5))*2L%*%8-0*,/88#*2*%0#'0*0W>5-*,U50*#U8#@*,/*#(552@8)@*(66#@*#-/5@*-*#/'*%8-0*,H=*0N*23@*>*2@0/88#@* P*/*2>,>W-'(88,G55%W>#8*,/88#N*,,>W8,@*#(86@WP*25-0,>*,*,'*,0#6GG5,5>*G*,0%8-0*,H1*'*,0#6GG5,5>*G*,0%8-0*,*, %5,088#U8#@*,P*0552@@88#@*/*#(66#@*#H1*P*(**#/*#>8*@,>/88#-*#/'*%8-0*,-G**-052>*P5-**#@8)@*(66#,%8G-0*,H1* G5,5>*G*,0*,35'207G5,5>*G*,0%8-0*,U8#@*,88%/*#(552@8)@*(66#@*#-/5@*-*#/'*%8-0*,H=*0G5#%*0,>P6@>*0>550/5@* -*#/'*%8-0*,*,-05508,@*#'8,0#82*/5,@*/*#(66#@*#H1*/*#(66#@*#-@#5>*,G**-052U*2PL55,@*G5#%*0,>P6@>*00*,/88#(*0 /5-0>8*@ U55#G** /88#,5G*2L% @* (6@>* G5#%0)8-0* /5, (*0 U,%*2'*,0#6G /*#-0*#%0 @*,0 0* U8#@*,H "b0#5,%8g-0*, 60 (*0 U,%*2'*,0#6GNL,/88#@*/*#(66#@*#52-*b0#5,%8G-0*,Hm8-0*,G*0P*0#*%%,>080@66#N55G(*@NL,,8>,*0>*Y,0#8@6'**#@H 1":""&+SMM;mM:"V1"&";S\Q"mM&+"V1\&+;\R.+\"W\V_9:"g\V?"VS";9V+hMM;1\V? S*#@*2,>/5,@*-*#/'*%8-0*,/,@0)2550-8)P5--/5,GB[-*,(*0->*P#6%*2L%@50*#>*P#6%U8#@0>*G55%0/5,**,-0533*2H+*%8#0*,55, >*#*250**#@*2**>-055,@*6,0-U8#@*,/822*@>/*#>8*@@88#@*/*#(66#@*#WG55#*,%*2*0*%8#0*,/5@*>#80*-)*2*#-8)@*G5#%0U8#@*, /*#(552@/5@*5,@*#*(66#@*#-H1*P*052,>*,U8#@*,G**-052)*#%U5#0552/88#53/82@55,H1*P*>#80,>/5,@*-*#/'*%8-0*,U8#@0,*0 / #(*0P*>,/5,(*0L55#>*@**20H1*-*#/'*%8-0*,53#*%*,,>U8#@0,0*#,>*'8,0#82**#@WG55#522**,@88#@*/*#(66#@*#H&*#/'*%8-0*, 0*%8#0*,@*8,0-055,52->*/82>/5,>*G5bG52-**#@*-*#/'*%8-0*,@*55,P*)552@*(66#@*#-U8#@*,>*>*/*,WU8#@*,/*#@**208,@*#@* (66#@*#-H1*#*,0*8)-*#/'*%8-0*,P5,%#*%*,,>*,-**,N**#255>P*@#5>*,%8G00*,>8*@*/5,@*/*#(66#@*#-H?*-'(22*,8/*#@* -*#/'*%8-0*,06--*,**,/*#(66#@*#*,(66#@*#U8#@*,G**-0528,@*#2,>8)>*28-0H"#->**,P*-0)#5'0'*>@-83(5,@2*@,>/88# -*#/'*%8-0*,60>*>*/*,@88#**,)#83*--8,*2*8#>5,-50*H ;"&";S"4MV1& h,%*2'*,0#5,@*+-l*'(-'(*;*)6p2*%u*#%*,,*0g*0**,#*-*#/*38,@-h S";_"m";\V? M)-052/*#N*%*#,>*,55,/622*,@*/*#N*%*#,>*,/88#0*##8#-G*U8#@*,G**-052/*#(552@8)@*(66#@*#-8,@*#@*-*#/'*%8-0*,H 99VS.gg"V1"MT:";m\V?"V h,%*2-nl,g**-0528)*,8)n8,@5>h "#0,/""#("//,#2%5/")%5"#/%/""#+,#-+,#-+,#.,/0*/,"5"/>"/'")),#2/%/."'1,;")%./"#1%%'G\"&"'4*#&."H+,#)"4;"#/'*A "#& &

9VK4%&:#G( 1":""&+"?":""V&Q=9TT"g\Am"mM&+"V 1*>*G**,-'(5))*2L%*%8-0*,/88#*2*%0#'0*0W>5-*,U50*#U8#@*,/*#(552@8)@*(66#@*#-/5@*-*#/'*%8-0*,H=*0N*23@*>*2@0/88#@* P*/*2>,>W-'(88,G55%W>#8*,/88#N*,,>W8,@*#(86@*,'*,0#6GG5,5>*G*,0%8-0*,H1*%8-0*,/88#(*0'*,0#6GG5,5>*G*,0%5,088# U8#@*,>*N*,52-%8-0*,/88#>*G**,-'(5))*2L%*#6G0*-*,U8#@*,/*#(552@8)@*(66#@*#-HR*25-0,>*,%6,,*,,8#G520*#,*0U8#@*, >*/8#@*#@/5,@*(66#@*#-H"'(0*#@*P*25-0,>8)0#5,-)8#0-7-0*G*,d#820#5))*,W#82)5@*,*,230*,fNL,U*28)@*(66#@*#-0*/*#(52*,H1* P*(**#/*#>8*@,>/88#-*#/'*%8-0*,-G**-052**,/5-0*/*#>8*@,>H1*35'205#*@*,-0*,/5,(*0U,%*2'*,0#6G%6,,*,88%U8#@*, /*#(552@8)@*(66#@*#-/5@*-*#/'*%8-0*,W*'(0*#@**>*,G5,5>*G*,0%8-0*,*,/5-0>8*@G5,5G>*G*,0%8-0*,/5,**,/*#(66#@*#83 /5-0>8*@G5,5>*#,*0H=*0P*(**#/5,(*0G5#%*0,>P6@>*0>550G**-052/5@*/*#(66#@*#*,@*N*@#55>0,/**2>*/522*,88%PL55,(*0 G5#%*0,>P6@>*0W@*N*PL@#5>*->*G**,-'(5))*2L%H"b0#5,%8G-0*,/88#(*0U,%*2'*,0#6G%8G*,0*,>8*@*/5,@*/*#(66#@*#Hm8-0*,,/*#P5,@G*0@66#N55G(*@U8#@*,0*#6>>*/8#@*#@/5,@*(66#@*#-H 1":""&+SMM;mM:"V1"&";S\Q"mM&+"V1\&+;\R.+\"W\V_9:"g\V?"VS";9V+hMM;1\V? S*#@*2,>/5,@*-*#/'*%8-0*,/,@0)2550-8)P5--/5,GB[-*,(*0->*P#6%*2L%@50*#>*P#6%U8#@0>*G55%0/5,**,-0533*2*,/*#@*2,>H +*%8#0*, 55, >*#*250**#@* 2**>-055,@* 6,0- U8#@*, G**-052 /822*@> /*#>8*@ @88# @* /*#(66#@*#H 1* P*052,>*, U8#@*, G**-052 G55,@*2L%-/88#53/82@55,H1*P*>#80,>*,)#*-*,050*/5,@*-*#/'*%8-0*,U8#@*,,*0/*#-0#*%0H1*-*#/'*%8-0*,53#*%*,,>U8#@0,0*#, >*'8,0#82**#@H&*#/'*%8-0*,0*%8#0*,@*/88#0/28**,60>*G5bG52-**#@*-*#/'*%8-0*,P*@#5>*,PLP*)552@*(66#@*#-U8#@*,/822*@> P*0552@@88#@*/*#(66#@*#H1*#*,0*8)@*-*#/'*%8-0*,P5,%#*%*,,>*,-/822*@>0*,>6,-0*/5,@*-*#/'*%8-0*,H?*-'(22*,55,>55,@* (*0-*#/'*%8-0*,)#8'*-06--*,**,/*#(66#@*#*,(66#@*#NL,,*0/5,08*)5--,>H"#-**,P*-0)#5'0'*>@-83(5,@2*@,>60>*>*/*,@88# **,)#83*--8,*2*8#>5,-50*8)@0G8G*,0H ;"&";S"4MV1& h,%*2'*,0#5,+6#%l*u*#%*,,*0g*0**,#*-*#/*38,@-h S";_"m";\V?"V M)-052/*#N*%*#,>-%8-0*,U8#@*,,*0@88#@*(66#@*#-P*0552@W55,/622*,@*/*#N*%*#,>*,/88#PL/88#P**2@0*##8#-G*%6,,*,*/*,06**2 U*28)@*(66#@*#-U8#@*,/*#(552@H 99VS.gg"V1"MT:";m\V?"V h,%*2-nl,g**-0528)*,8)n8,@5>h 9[KH.(6*.- 1":""&+"?":""V&Q=9TT"g\Am"m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b0#5,%8g-0*, /88# (*0 U,%*2'*,0#6G%8G*,0*,>8*@*/5,@*/*#(66#@*#Hm8-0*,,/*#P5,@G*0@66#N55G(*@U8#@*,0*#6>>*/8#@*#@/5,@*(66#@*#-H 1":""&+SMM;mM:"V1"&";S\Q"mM&+"V1\&+;\R.+\"W\V_9:"g\V?"VS";9V+h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bG52-**#@* -*#/'*%8-0*,P*@#5>*,PLP*)552@*(66#@*#-U8#@*,/822*@>P*0552@@88#@*/*#(66#@*#H1*#*,0*8)@*-*#/'*%8-0*,P5,%#*%*,,>*,- /822*@>0*,>6,-0*/5,@*-*#/'*%8-0*,H?*-'(22*,55,>55,@*(*0-*#/'*%8-0*,)#8'*-06--*,**,/*#(66#@*#*,(66#@*#U8#@*,8)>*28-0 /5**,>*#*'(0*2L%*)#8'*@6#*H"#-**,P*-0)#5'0'*>@-83(5,@2*@,>60>*>*/*,@88#**,)#83*--8,*2*8#>5,-50*8)@0G8G*,0 60>*>*/*,@88#@*;\Q&*,@*N*(**0@*;\Q&Q8@*83T#5'0'*H ;"&";S"4MV1& h,%*2'*,0#5,(*0s*#*,>@m8,,%#l%u*#%*,,*0g*0**,#*-*#/*38,@-h"'(0*#nl,,*6u*#*'*,0#5u*2>*,*>@8gg*0**,-88#0#*-*#/* 0*U*#%*,H S";_"m";\V?"V M)-052/*#N*%*#,>-%8-0*,*,55,/622*,@*/*#N*%*#,>*,/88#PL/88#P**2@0*##8#-G*%6,,*,8)@*(66#@*#-U8#@*,/*#(552@WG55#@5,U*2 8,@*#8/*#>*)8-0*,H 99VS.gg"V1"MT:";m\V?"V h,%*2-nl,g**-0528)*,8)n8,@5>h\,",>*25,@u8#@*,-*#/'*%8-0*,8)@*n*23@*uln*>*)#*-*,0**#@52-,v*@*#25,@h=*0-7-0**gu*#%0 88%,",>*25,@8)P5--/5,**,/88#-'(80*,**,53#*%*,,>H\,",>*25,@-U*2@*;\Q&Q8@*83&*#/'*Q(5#>*-8,0U%%*2@H1*N*Q8@*%5, /*#>*2*%*,U8#@*,G*0@*g*@#55@/88#&*#/'*%8-0*,PLU,%*2'*,0#5,V*@*#25,@*,@*2*@#55@,V*@*#25,@-88%/88#0>*%8G*,60@* ;\Q&Q8@*H1*;\Q&Q8@*83&*#/'*Q(5#>*-**,60>*P#*@*'8@*U55#,,5>*,8*>522*-8/*#-*#/'*%8-0*,-8)>*,8G*,HT*#)8-0-60**, >*N*0U50*#U*283,*0,@*-*#/'*%8-0*,0(6-(88#0*,P*@(*0(5,@/500*,8G0*%8G*,080**,P*0*#)#8'*-H155#,55-0-,@*N*'8@* 88%*#%*,,,>8)>*,8G*,,@*/8#G/5,**,'*#303'55083%*6#G*#%/88#)5#0L*,U5,,**#NLN'((86@*,55,@*'8@**,N'('8,3G*#*, 55,@*/88#>*-'(#*/*,U*#%ULN*H+80-280-*#88%**,/88#P**2@-*#/'*%8-0*,53#*%*,,>8)>*,8G*,@*@55#G****,P*25,>#L%*PL@#5>* 2*/*#0,(*0/*#%#L>*,/5,G**#0#5,-)5#5,0*,@*-*#/'*%8-0*,H "#0,/""#("//,#2%5/")%5"#/%/""#+,#-+,#-+,#.,/0*/,"5"/>"/'")),#2/%/."'1,;")%./"#1%%'G\"&"'4*#&."H+,#)"4;"#/'*A "& &

W(&(6#G:#.(.+0.+6%)#(Y \,@*/82>*,@*05P*2NL,@*60%8G-0*,/5,@*/88#>55,@*5,527-/5,@*Bi"6#8)*-*25,@*,/82>*,-@*\Q&Q 60**,>*N*0*,)*#/#55>,>*@**20,'50*>8#**,d\Q&Q"6#8)*WBCDBfHS*#/82>*,--)*#8,@*#@**2U**#>*>*/*,,(8*/*##*@08/*#**,%8G0G*05,@*#*25,@*,F D B j J E K i ] p D C D D D B D j D J D E D K D i D ] D p B C B D B B B j B J B E B K B i DH?5-WU50*#W*2*'0#5,-*#/'*%8-0*, BH&'(88,W(**2/*2>,-*#/'*%8-0*, jhq*,0#6gg>g0/*#@**208/*# (66#@*#-X/*#(66#@*#X,HPH JHS*#>8*@,>P*(**#/5,-%, -*#/'*%8-0*,53#*%*,,>dDf83/5-0dBf EHS5-0>8*@G5,5>*G*,0N0,-*#/'*%8-0*, KHR*25-0,>*,,-*#/'*%8-0*, ih:5#%*0,>/5/*#(66#@*#s ]H:5#%*0,>P6@>*0e8/*#5>*8)P#*,>-0*,,55# /*#(66#@*#s phrl@#5>*/*#(66#@*#8)*,p55#s DCH*b0#5,%8G-0*,hQ/88#/*#(66#@*#s DDH166#N55G(*@,-*#/'*%8-0*, R*2>* D B j D D j B D B D B D D D D B D D D j B B D j R62>5#L* D B D B D j D D D D D D D D D D j B D D B j D D +L*'(* D D B D D j D D D D j D D D B D j D D j B B D D 1*,*G5#% *, DBHS*#@*2,>-%GBs D D D D D j B D D D D D D D D D D D D D B D D j ",>*25,@ D D D D B j D j B D D D D D D D D B D D D B D D "-025,@ D D D B D D D D j B B D D B D D D D D j B D B D 4,25,@ D D j B D B D D j D D D D D D j D j B D B j D D 4#5,%#L% D D D j D j D D B j j D D D j D D B D D D j D j 160-25,@ D D j B D j B j D j B D D B j j D B D D D B D j?#*%*,25, @ D D B D D j D D B D B D D D D D D D D D B D D B =8,>5#L* D D D B B j j j B D D D D D B B D j D j B D D D \052* D D D D B B D D B D j D D D D D B D B D B D D j g*025,@ D D D D D j D D j D B D D B D B D B B D B B D D g086u*, D D B D D j D D B D B D D D D B D B D B B B B D g6b*gp6# > D D D D D j B D B D B D D D D B B B D B B B D D V*@*#25,@ D D D D B B D D D D B D D D B D B D B D D D B j V88#U*>*, D D D D D B D D B D D D D D B D D B D D D B B B M8-0*,#L% D D D B B D B D B D B D B D B B D B B B B B D B T82*, D D D B j j D D B D B D D D B D D B D D B B B D T8#06>52 D D D D B B D D B D D D D D D D D B B D B B B D ;8*G*,* D D D D D B D D B D B D D D B D D D B B B j D D ;6-25,@ D B B D D D D D j D B D B B D B D B B D B B D D &*#/* D D D D D B D j D B B D B D D D B D D D B D D D &28U5%L* D D D D D j D j B B B D D D D D D D D D B D D D &)5,L* D D D B B j D D B D D D D D D D D B B D B D D j _U*@*, D j B B B j D D D D B D D D D D D B D B B B B D +6#%L* D D D B B B D j D D D D D D B D D B D j D B B D A5 Bi Bj BB DK Di j BD BD ] BB p Bi BJ Bj Di D] BD p D] Di K p Dp Di V** C j j DC p ] E C DE j DE C j J ] i J DE p E BD DJ ] j V*0 P*%*,@ C D B D D DK D K J B j C C C B B B j C E C J C i 080552 Bi Bi Bi Bi Bi Bi Bi Bi Bi Bi Bi Bi Bi Bi Bi Bi Bi Bi Bi Bi Bi Bi Bi Bi DoL5 Bo,** jou**0,*0 DjH&0533*2s \,8,@*#-055,@*3>6#*,-)*#8,@*#@**2U**#>*>*/*,,(8*/*##**#8/*#**,-0*GG,>-G*05,@*#*25,@*,F DJHR*052,>*,G55,@*2L%-X%U5#0552/88#53dDf 5'(0*#53dBfs DEHR6@>*0/*#-0#*%%*,AXV DKH;*,0*P5,%#*%*,,>0>/&ms DiH+*%8#0*,@88#PL/2**>-05,@#-'8/*#(66#@*#s D]H:5bG52-50*/*#2*N*,/*#-)#*@*,8/*# (66#@*#-s DpHQ8,0#82*,0*#X*b0*#,83,*0 BCH?*-'(22*,,#*'(0-N552X@*-%6,@>*,'8GG--* 838,@*#2,>ss BDH=5,@2*@,>-*#/'*%8-0*,55,U*N>s BBH;*-*#/*AXV BjHS*#N*%*#,>,&mdAXVf BJHM)*,8)N8,@5>sAXV "#0,/""#("//,#2%5/")%5"#/%/""#+,#-+,#-+,#.,/0*/,"5"/>"/'")),#2/%/."'1,;")%./"#1%%'G\"&"'4*#&."H+,#)"4;"#/'*A "#& &

1. Gas, water, electra in servicekosten 0 27 Ja Nee Niet bekend 23 2. Schoon, heel veilig in servicekosten 3 1 Ja Nee Niet bekend 3. Centrumanagement verdeelt over huurders/ verhuurder/n.b. 3 2 22 Ja Nee Niet bekend 4. Vergoeding beheer van sk in sk-afrekening (ja) of vast (nee) 10 1 16 Ja Nee Niet bekend 5. Vastgoedmanagement zit in servicekosten 9 1 17 Ja Nee Niet bekend 6. Belastingen in servicekosten 16 3 8 Ja Nee Niet bekend 7. Marketing via verhuurder? 5 1 21 Ja Nee 9. Bijdrage verhuurder openbaar? 4 15 8 Niet bekend Ja Nee Niet bekend 8. Marketingbudget + overage opbrengsten naar verhuurder? 0 6 21 Ja Nee Niet bekend 10. extra inkomsten WC voor verhuurder? 3 2 22 Ja Nee Niet bekend "#0,/""#("//,#2%5/")%5"#/%/""#+,#-+,#-+,#.,/0*/,"5"/>"/'")),#2/%/."'1,;")%./"#1%%'G\"&"'4*#&."H+,#)"4;"#/'*A "#& &

11. Duurzaamheid in servicekosten 3 15 9 Ja Nee Niet bekend 12. Verdeling sk m2? 0 Ja Nee 27 Niet bekend 13. Staffel? 0 3 24 Ja Nee Niet bekend 14. Betalingen maandelijks/ kwartaal vooraf (ja) achteraf (nee)? 4 0 23 Niet bekend Ja Nee 15. Budgetverstrekken Ja / Nee 8 2 17 Ja Nee Niet bekend 16. Rente bankrekening tgv SK? 7 2 18 Ja Nee Niet bekend 17. Tekorten door bijv leegstand risico verhuurder? 4 2 21 Ja Nee Niet bekend 19. Controle inter/extern of niet 9 0 18 Ja Nee 18. Maximalisatie verliezen verspreiden over huurders? 3 9 15 Niet bekend Niet bekend 5 17 Ja Nee 20. Geschillen in rechtszaal/ deskundigencommissie of onderling? 5 Ja Nee "#0,/""#("//,#2%5/")%5"#/%/""#+,#-+,#-+,#.,/0*/,"5"/>"/'")),#2/%/."'1,;")%./"#1%%'G\"&"'4*#&."H+,#)"4;"#/'*A "#& &

21. Handleiding servicekosten aanwezig? 21 0 6 Ja Nee Niet bekend 22. Reserve Ja / Nee 4 9 Ja 14 Nee Niet bekend 23. Verzekering in SK (Ja/ Nee) 8 0 19 Ja Nee Niet bekend 3 17 24. Open op zondag? Ja/ Nee 7 Ja Nee Niet bekend

9. ANALYSE BENCHMARK CBRE & JLL (ENGELAND) DEELS VERTROUWELIJKE BIJLAGE phd9,527-*p*,'(g5#%55,n*0qr;"^/*#0#86u*2l%pl25>* R,,*,QR;"->*%*%*,,55#@*)8#0*3*622*@*QR;",P*(**#(**30H10P*0#*30**,-*2*'0*/5,pED(66#@*#-W,@/*#-*'*,0#5H\,/*#P5,@G*0/*#0#86U*2L%*,38#G50*G5>@08G@*#*@*,,*08)*,P55#U8#@*, >*)6P2'**#@H phbr*,'(g5#%agg,",>*25,@ Agg(**30,55-0**,P*,'(G5#%/88#%5,08#*,W88%**,P*,'(G5#%/88#U,%*2'*,0#58,0U%%*2@dAggWBCDjfH10 >**30U*255,@50NL)#8P*#*,8G@*-*#/'*%8-0*,88%PLU,%*2'*,0#5G**#/*#>*2L%P55#0*G5%*,dAggWBCDjfH =*#8,@*#-@*/*#052,>/5,@*P*,'(G5#%dAggWBCDjf8)>*,8G*,F M8\^@F\I6Bc8`\[\8^ZBEIU_] =*06,*%*/5-0>8*@%5#5%0*#/5,*2%*U,%*2'*,0#6GG55%0(*025-0>H45'08#*,52-2**30L@W@*P86UW@*,/*56- /5,G*'(5,-'(**,*2*%0#-'(*5))5#5066#W>*G**,-'(5))*2L%*#6G0**,#6G0*-)*'3*%*%*,G*#%*,N622*, 55,N*,2L%/*#-'(22*,PL(*0/*#>*2L%*,G*0,@/@6*2*U,%*2'*,0#5[dAggWBCDjfH U6 IIX\FY7B6^ 1*P*,'(G5#%@*-8,0U%%*2@->*P5-**#@8)D]EU,%*2'*,0#5,",>*25,@*,@*%8-0*,(*PP*,P*0#*%%,>8) (*0L55#BCDjHS*#@*#NL,@*U,%*2'*,0#5/*#@**208,@*#%2*,W>*G@@*2@W>#880*,*b0#5>#80*'*,0#5dAggWBCDjfH 922)#8)*#0*- ",'28-*@d9XQf ",'28-*@ d,8, 9XQf T5#0 8)*,X)5#0 *,'28-*@9XQ T5#0 8)*,X)5#0 *,'28-*@,8, 9XQ M)*, +8052 &G522 C ] C B DC BC :x@6g DC Bi D E Bj KK g5#>* BK je B Dj p ]E S*#725#>* i E C B C DJ 08052 Jj ie j BB JB D]E daggwbcdjf &G522*'*,0#*- ECHCCCˆppHppp-k30 :x@6g'*,0*- DCCHCCCˆBJpHppp-k30 g5#>*'*,0#*- BECHCCCˆiJpHppp-k30 S*#725#>*'*,0#*- ziechccc-k30 daggwbcdjf @_FBI8\6U8_NE 1*/*#-'(22*,@*U,%*2'*,0#5NL,/*#@**208/*#@#*@*2*,/5,",>*25,@W 55,>*N*, @* %8-0*,,*0 8/*#52 >*2L% NL, *, /5, /*#-'(22*,@* 35'08#*, du*2/55#0w 5#P*@-%8-0*,W *, @*#>*2L%*f 53(5,%*2L% NL,H T*# #*>8 - /*#/82>*,-,>*N88G@8)@*P*,'(G5#%H ;*>8,D g8,@8,5,@0(*&860("5-0^5#*5u0(,0(*:bew&860( 83g8,@8,5,@*5-0830(*:jG808#U57H ;*>8,B &860(5,@&860(h*-0Wh52*-W:@25,@-5,@"5-09,>25^522 5#*5-,8#0(5,@U*-083Zg8,@8,5,@0(*&860("5-0[W5,@-860( 830(*ZV8#0(W&'8025,@5,@V8#0(*#,\#*25,@H[ ;*>8,j V8#0(W&'8025,@5,@V8#0(*#,\#*25,@^5#*5,8#0(83Q(*-(#*W 1*#P7-(#*WV800,>(5G-(#*5,@g,'82,-(#*H daggwbcdjfh U78]]@]E6Z8F^_EI\ 1*P*,'(G5#%@*-8,0U%%*2@#'(0N'(/88#,5G*2L%8)>*G@@*2@*-*#/'*%8-0*,PLU,%*2'*,0#5HZ=*#PL G8*0@5,88%8)>*G*#%0U8#@*,@50(*0>*P#6%/5,>*G@@*2@*,N8#>0/88#**,53UL%,>*,U55#PL,*0522*

'*,0#560>5/*,@8*,8,@*#522*%8-0*,'50*>8#*v,W*,*#88%%8-0*,U8#@*,>*P8*%08,@*#8/*#>*60>5/*,H 1*N*8/*#>*60>5/*,U8#@*,PL/88#P**2@@5,88%522**,/*#>*2*%*,G*05,@*#*U,%*2'*,0#5@*88%**,)8-0 8/*#>* 60>5/*, (5,0*#*,H 92- >*/82> (*#/5, %5, @* -8G /5, @*,@/@6*2* >*G@@*2@* %8-0*, 8,@*# /*#-'(22*,@*%8-0*,-88#0*,53UL%*,/5,@*08052*>*G@@*2@*%8-0*,[dAggWBCDjfH S*#@*2,>P*,'(G5#%Agg?*-280*,G*05#'8?*-280*,N8,@*# 5#'8?*@**20*2L% 8)*,X>*-280*,G*0 5#'8?*@**20*2L% 8)*,X>*-280*,N8,@*# 5#'8 S*#>8*@,> CWJD CWjp CWjK CWjD CWjD '*,0#6GG5,5>*G*,0 CW]K CW]J CW]] CWii CWK] :5,5>*G*,0080552 DWBi DWBB DWBJ DWC] CWp] &830-*#/'*-FP*/*2>,> DWDD CWpJ CW]D CW]K CWKB &830-*#/'*-F-'(88,G55% DWDD DWCE CWpj CW]D CWK] &830-*#/'*-FG5#%*0,> CWJD CWji CWCJ CWBi CWjB &830-*#/'*-08052F BWKB BWjj DWi] DWpJ DWEK \,-052250*- CWKC CWJp CWjJ CWjJ CWD] =5#@-*#/'*-Fh<" CWKB CWEC CWjD CWjE CWBB =5#@-*#/'*-F230*,<#820#5))*, CWDB CWC] CWDC CWCi CWCK =5#@-*#/'*-F9608G50-'(*@*6#*, CWCD CWCD CWCD CWCD CWCD =5#@-*#/'*-F8,@*#(86@</*#/5,>*, CWjD CWBK CWjj CWBi CWB] =5#@-*#/'*-+80552F DWCC CW]j CWK] CWKK CWEB \,%8G-0*, CWCi CWDB O CWCj CWCJ M/*#>*60>5/*, CWK] CWJC CWDC CWjC CWDi +80552 EWpK EWCi JWDD JWDJ jwb] +80552*b'2H,%8G-0*, KWCC EWDj JWDD JWDE jwjc +80552*b'2H8/*#5>*60>5/*, EWJE JW]D JWCE JWCC jwbj daggwbcdjf IdJ\M8\^@F\I6B8\]X\FY7B6^ R,,*,@*M&Q9;U8#@*,/L3/*#-'(22*,@*07)*,/*#-055,F >*-280*,G*05#'8 >*-280*,N8,@*#5#'8 >*@**20*2L%>*-280*,G*05#'8 >*@**20*2L%>*-280*,N8,@*#5#'8 8)*, daggwbcdjf E6Z8F^_EI\Z6U@8`^XBB67B^\ MG@*-*#/'*%8-0*,PLU,%*2'*,0#5*,>-N,-G*0*2%55#0*/*#>*2L%*,(**30G*,**,@#*052/*#-'(22*,@* 5,527-*->*G55%0F?*G@@*2@*'8G)8,*,0%8-0*,8)P5--/5,)*#'*,05>*-F o (*#G**>**30G*,55,U*2%07)*-*#/'*%8-0*,,@*>*G@@*2@*-*#/'*%8-0*,53#*%*,,>H &*#/'*%8-0*,0*,8)N'(0*/5,>#8800*/5,@*'*,0#5F o =*0-@6@*2L%60@*>*>*/*,->*P2*%*,@50*#>**,55,088,P5#*-'(552/88#@*2*,NL,, >#80*#* '*,0#5H \, -8GG>* >*/522*, - N*23- (*0 8G>*%**#@* U55#W G8>*2L% @88# @* '8G)2*b0*0*,@*-)*'3'50*/5,@*,-0*,P,,*,>#80*#*'*,0#5H &*#/'*%8-0*,0*,8)N'(0*/5,07)**,28'50*F o 1*28'50**,07)*U,%*2'*,0#5NL,88%/5,,/28*@8)@*>*G@@*2@*-*#/'*%8-0*,H ^_EI\E 6I\\FBIU_68\ +80-280-PL@*P*,'(G5#%**,8/*#N'(08)>*,8G*,G*0522*G8>*2L%*%8-0*,-88#0*,*,'50*>8#**,F DH4** B&0*:5,5>*G*,0 j&830-*#/'*-f-*'6#07 J&830&*#/'*-OQ2*5,,><",/#8,G*,052 E&830&*#/'*-O:5#%*0,><T#8G808,- K.020*- i=5#@&*#/'*-o:<" ]=5#@&*#/'*-Og30<"-'52508# p=5#@&*#/'*-o&6-)*,@*@9''*--"k6)g*,0 DC=5#@&*#/'*-O45P#';*)5#-<:5,0*,5,'* DD\,'8G* DB"b'*)08,52"b)*,@06#* "#%&"'()"*+,%-+.%"#%#&'()*##*(("#%&'()#"''*+'""#*"##"%%&"'(&O"O"#%"&'(&") "# M)*, 9H",'28-*@9XQ EWJE)*#-k30 RH",'28-*@,8,9XQ JW]D)*#-k30 QHT5#0*,'28-*@ JWCE)*#-k30 1HT5#0*,'28-*@,8,9XQ JWCC)*#-k30 "HM)*, jwbj)*#-k30

10. UITWERKING EN CONCLUSIE INTERVIEWS Uitkomsten respondenten verhuurder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`X<%'(%`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`^a.=%^(%<10)34#(,%?"+c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`^a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b%PPJ[%''(%#()*++",%6'CC'(%'''(%03%,'E'%"##%+4,+'(,'%C'#()*++",=% "#%&"'()"*+,%-+.%"#%#&'()*##*(("#%&'()#"''*+'""#*"##"%%&"'(&F"F"#%"&'(&")% "#

Uitkomsten respondenten huurders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c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

::=% >% % % <'%4''"0('(%'(%,0'(3)'(A%,'%3'"05'2+3)'(A%21(('(%''4%3?'5080'2'"%*+",'(%C'(+'/,%'(%*+",'(%')+')3)%##(%2*#40)'0)3/')0('(%''(%,'%"'3?+(,'()'(%##(=%<#)% 03%++2%(+,0%+/%/''"%"0?%+?%'(%5+()"+4'%+?%6')%?"+5'3%)'%2"07'(=%<##"(##3)%/+')%0','"''(%E056%C07%E07(%#2%6+1,'(=%/##"%/+')%''(%#3)+',/#(#'"%'(%'"611",'"% *'4%'"#()*++",%+/##(%/')%6')%'4,%#(%,'%611",'"=% :G=% >% % % <'E'%"##%''(%'"4'(0(%+?%"##%::=%<'%"'3?+(,'()'(%''(%1(#(0'/%##(%,#)%,'%#3)+',/#(#'"%,'%4'#,%/+')%6+1,'(%+'"%6')%3'"05'2+3)'(?"+5'3%'(%607%''(%,10,'4072'%+(,'"C+1*0(%#(%6')%3'"05'2+3)'(?#22')%/+')%''(=%<##"(##3)%/+')%6')%++"%''(%611",'"%,10,'4072%'(%4+0356%E07(%'(%/+')'(%'"%(0')%)'42'(3% "##)'2'(3%2+/'(%C07%,'%3'"05'2+3)'(#8"'2'(0(=% :H=% % >% % X0')%#44'%"'3?+(,'()'(%2+(,'(%,'E'%"##%+',%C'#()*++",'(=%<##"(##3)%C4''2%,'E'%"##%6''4%3?'5080'2%0(%)'%##(%+?%,'%'0'(%+"#(03#)0'%'(%6+'%,0'%03%0('"056)%'(% 3?''4)%6')%?"+C4''/%(#1*'40723%C07%,'%611",'"A%#4%03%'"%*'4%,'%,1?'%#(=% 9(,'",''4%L;%K#"2)C'*'0('(%'(%3'"05'2+3)'(% :L=% % >% % O"07*'4%#44'%"'3?+(,'()'(%''(%##(%C'2'(,%)'%E07(%/')%,'%4'0,"##,A%'56)'"%03%,0'%/+'4072%)'%"07C407'(,%'(%E+1%,0'%10)'C"'0,%/+')'(%*+",'(%(##"%''(%/''"% 3)#(,##",%'(%1(08+"/%/+,'4=%O'",'"%''(%E07%##(%,#)%,0)%++"(#/'4072%C07%,'%#3)+',/#(#'"%40)A%'(%,#)%E07%'"%#(10)%##(%,#)%,'E'%'"%,13%++2%(##"%6#(,'4)=%<'% 611",'"%6''8)%60'"%(#1*'40723%0(4+',%+?=% :I=% % >% % X0')%#44'%"'3?+(,'()'(%2+(,'(%,'E'%"##%+',%C'#()*++",'(=%X#%10)4'%+/)"'()%,'%*0(2'45'()"1/%2*#40)'0)3/+(0)+"%''(%E07%##(%,#)%''(%,'"'4072%0(3)"1/'()% +',%E+1%E07(%+/%,##"/''%,'%2*#40)'0)%#(%,'%3'"05'2+3)'(A%/')%(#/'%356++(A%6''4A%'040%'(%Y'E'440T%ZC'4'0([%)'%21(('(%/')'(=%9?%,0'%/#(0'"%21(('(%'"%,10,'4072'%\]^T3%*+",'(%+()*022'4,%*##"##(%,'%3'"05'2+3)'(%'/')'(%21(('(%*+",'(=%B56)'"%6''8)%++2%60'"%,'%611",'"%(#1*'40723%0(4+',%+?%6')%?"+5'3=% :P=% % >% % O"07*'4%#44'%"'3?+(,'()'(%#'(%##(%,#)%'"%/''"%)"#(3?#"#()0'%/+')%2+/'(%+/)"'()%,'%3'"05'2+3)'(=%O++"(#/'4072%,'%611",'"%'(%,##"(#%++2%,'%'"611",'"%3)##(% +?'(%+/%''(%,'"'4072'%4073)%+?%)'%/#2'(%'(%E+%/''"%0(E056)%)'%'"2"07'(%0(%,'%3'"05'2+3)'(%'(%,'%#83?"#2'(%,0'%E07(%'/##2)=%<'%"'3?+(,'()'(%''(%##(%,#)%''(%,'/#"5#)0'4073)%60'"0(%E'2'"%''(%+',%614?/0,,'4%E#4%E07(A%/##"%++2%60'"%40)%,'%C#4%++"(#/'4072%C07%,'%#3)+',/#(#'"=%% :Q=% % % >% <'%"'3?+(,'()'(%''(%##(%,#)%0','"''(%6')%'"%+'"%''(3%03%,#)%/'(%/''"%)"#(3?#"#()%/+')%E07(A%/##"%)''4072%4')%(0'/#(,%E07(%C',"0783+'"0(%C4++)=%<++"%(0'1*'% /+,'44'(%'(%3)#(,##",'(%)'%+()*022'4'(%'(%)'%4#)'(%E0'(%,#)%/'(%*'')%6+'%/'(%/')%3'"05'2+3)'(%/+')%+/##(=%^(%5+()"+4%E07(A%''(%(0'1*%'",0'(/+,'4%/')%''(% )"#(3?#"#()%'(%1(08+"/%?"+5'3%+?E'))'(%21(%7'%'56)'"%(0')%#44''(=%d'%E+1%60'"++"%#43%0(0)0#)+"%21(('(%81('"'(A%/##"%10)'0(,'4072%E144'(%,'E'%3)#??'(%/+')'(%+4'(% C07%,'%C'4#('(+"#(03#)0'3%#43%O_KA%^O&XA%`X<%'(%`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`^a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b%PPJ[%''(%#()*++",%6'CC'(%'''(%03%,'E'%"##%+4,+'(,'%C'#()*++",=% % % "#%&"'()"*+,%-+.%"#%#&'()*##*(("#%&'()#"''*+'""#*"##"%%&"'(&F"F"#%"&'(&")% "

Uitkomsten respondenten vastgoedmanager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e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

,10,'4072'%+(,'"C+1*0(%#(%6')%3'"05'2+3)'(?#22')%/+')%''(=%<'%#3)+',/#(#'"%/+')%E056%,##"C07%#(,'"3%+?3)'44'(%'(%+?%++"6#(,%,'%(+,0'%0(8+"/#)0'% '"3)"'22'(=% :H=% % % >% X0')%#44'%"'3?+(,'()'(%2+(,'(%,'E'%"##%+',%C'#()*++",'(=%<##"(##3)%C4''2%,'E'%"##%6''4%3?'5080'2%0(%)'%##(%+?%,'%'0'(%+"#(03#)0'%'(%6+'%,0'%03%0('"056)=% D')%?"+5'3%03%+()E'))'(,%0('*022'4,A%'(%E+*'4%,'%#3)+',/#(#'"%#43%,'%'"611",'"%/+')%6')%''(3%E07(%/')%,'%3'"05'2+3)'(#8"'2'(0(%'(%,##"##(%'"'4#)''",'% #83?"#2'(=%<##"C07%"#2'(%,'%3'"05'2+3)'(%'42'%,0350?40('%Z5+//'"50'A%)'56(0'2A%#,/0(3)"#)0'[%'(%+/%,#)%+',%)'%4#)'(%'"4+?'(%C')'2'(,%,#)%''(%+','%3)"++/407(% #(%6')%?"+5'3=% 9(,'",''4%L;%K#"2)C'*'0('(%'(%3'"05'2+3)'(% :L=% >% % % O"07*'4%#44'%"'3?+(,'()'(%''(%##(%C'2'(,%)'%E07(%/')%,'%4'0,"##,A%'56)'"%03%,0'%/+'4072%)'%"07C407'(,%'(%E+1%,0'%10)'C"'0,%/+')'(%*+",'(%(##"%''(%/''"% 3)#(,##",%'(%1(08+"/%/+,'4=%K'(%''8)%+'"%6')%#4'/''(%##(%'"%++2%(##"%)'%6#(,'4'(A%/##"%/+')%6')%/''"%''(%4'0,"##,%*+",'(%*##"##(%/'(%E056%2#(% 5+(80"/'"'(%'(%,#)%6')%/''"%''(%#4'/'('%3)#)13%+8%'"2'((0(%*+",)=%% :I=% % % >% X0')%#44'%"'3?+(,'()'(%2+(,'(%,'E'%"##%+',%C'#()*++",'(=%X#%10)4'%+/)"'()%,'%*0(2'45'()"1/%2*#40)'0)3/+(0)+"%''(%E07%##(%,#)%''(%,'"'4072%0(3)"1/'()% +',%E+1%E07(%+/%,##"/''%,'%2*#40)'0)%#(%,'%3'"05'2+3)'(A%/')%(#/'%356++(A%6''4A%'040%'(%Y'E'440T%ZC'4'0([%)'%21(('(%/')'(=%9?%,0'%/#(0'"%21(('(%'"%,10,'4072'%\]^T3%*+",'(%+()*022'4,%*##"##(%,'%3'"05'2+3)'(%'/')'(%21(('(%*+",'(=%<##"+/%E+1%6')%+',%E07(%?'"%*0(2'45'()"1/%#3)%)'%3)'44'(%*#)%,'%'*'(3)'% 2*#40)'0)3(0'#13%E07(%'(%60'"%'"+4'(3%,'%?#22'))'(%+?%#83)'//'(= % :P=% >% % % O"07*'4%#44'%"'3?+(,'()'(%#'(%##(%,#)%'"%/''"%)"#(3?#"#()0'%/+')%2+/'(%+/)"'()%,'%3'"05'2+3)'(=%O++"(#/'4072%,'%611",'"%'(%,##"(#%++2%,'%'"611",'"%3)##(% +?'(%+/%''(%,'"'4072'%4073)%+?%)'%/#2'(%'(%E+%/''"%0(E056)%)'%'"2"07'(%0(%,'%3'"05'2+3)'(%'(%,'%#83?"#2'(%,0'%E07(%'/##2)=%<'%#3)+',/#(#'"%03%60'"0(% ++"#43(+%)'"16+1,'(,A%/##"%''8)%''(''(3%##(%,#)%/''"%)"#(3?#"#()0'%(+,0%03%'(%,#)%/'(%/''"%+?'(%2##")%/+')%3?'4'(=%<'%"'3?+(,'()'(%''(%##(%,#)%''(%,'/#"5#)0'4073)%60'"0(%E'2'"%''(%+',%614?/0,,'4%E#4%E07(A%/##"%++2%60'"%40)%,'%C#4%++"(#/'4072%C07%,'%#3)+',/#(#'"=% :Q=% % % >% <'%"'3?+(,'()'(%''(%##(%,#)%0','"''(%6')%'"%+'"%''(3%03%,#)%/'(%/''"%)"#(3?#"#()%/+')%E07(A%/##"%)''4072%4')%(0'/#(,%E07(%C',"0783+'"0(%C4++)=%9+2%/+')'(% '"%#83?"#2'(%*+",'(%'/##2)%+'"%6+'%/'(%,++"%6')%7##"%6''(%,'%C1,'))'(%2#(%C073)'44'(%'(%,'"'4072'=%<++"%(0'1*'%/+,'44'(%'(%3)#(,##",'(%)'%+()*022'4'(%'(% 6')%?"+,15)%'"2+?'(%##(%,'%+?,"#56)''"A%2#(%C'6''",'"%E056%+(,'"356'0,'(=%B'(%(0'1*%'",0'(/+,'4%/')%''(%)"#(3?#"#()%'(%1(08+"/%?"+5'3%+?E'))'(%21(%7'% '56)'"%(0')%#44''(A%7'%E+1%60'"++"%#43%0(0)0#)+"%21(('(%81('"'(A%/##"%10)'0(,'4072%E144'(%,'E'%3)#??'(%/+')'(%+4'(%C07%,'%C'4#('(+"#(03#)0'3%#43%O_KA%^O&XA%`X<% '(%`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`^a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f%,0)%03%''(%+','%2#(3%++"%,'%#3)+',/#(#'"=% 9(,'",''4%P;%.4+?+?/'"20('(% GG=% % >% % O"07*'4%''(%34+)+?/'"20('(%#43%,#)%/'(%6++?)%,#)%6')%+(,'"E+'2%4'0,)%)+)%/''"%##(,#56)%++"%,'%3'"05'2+3)'(%?"+C4'/#)0'2%,0'%'"%3?''4)%0(%,'%/#"2)%'(%,#)% '"+4'(3%,++"%,'%/#"2)?#")07'(%*+",)%+?'?#2)=% -*#((''"%/0(0/##4%:L%?'"3+('(%Zb%PPJ[%''(%#()*++",%6'CC'(%'''(%03%,'E'%"##%+4,+'(,'%C'#()*++,=%% % % "#%&"'()"*+,%-+.%"#%#&'()*##*(("#%&'()#"''*+'""#*"##"%%&"'(&F"F"#%"&'(&")% "#

11. CASE STUDY ONDERZOEK VERTROUWELIJKE BIJLAGE "#%&'"'#()*+,)"-.+"/0&,)-1"0"-'%2133",)"41,/"3%",#-&1,5")"-3&,)1'(1#6"0+"-)7189:;<=>,)"."%&'" '#()*4+-)",.18,)"0"-'%213",)"41,/"3%",#-&#",+?.1%2#"0&,"3/&&-0"-6"3"/",",1''?"%1@1"/1,6".++A)+? )" &@'?-&/", +A#-",# )" '"-01%"/+'#",= B&&-,&&'# 1' 0&, "3/ 41,/"3%",#-(A )" '"-01%"/'+#",&@-"/",1,6 6",&3&*'""-)",.18,)&&-%+,%3('1"'(1#6"#-+//",4"3/"1,2++@)'#(/C.18,7"'?-+/",= DA4133"0&,6"0+"316"",0"-#-+(4"318/"1,@+-A&#1"A&6&33"1,@+-A&#1"1,)"."7183&6"+A)1"-")",,1"# +?",7&&-4+-)",6"?(731%""-)=