1. Einleitung Kaum ein anderes Thema wird aktuell so ausführlich in Fachkreisen behandelt wie die Nachhaltigkeit und die damit verbundene Berichterstattung. Seit 2017 basierend auf dem CSR-Richtlinienumsetzungsgesetz (CSR-RUG) müssen vor allem kapitalmarktorientierte Gesellschaften zusätzliche Informationen in Form einer nichtfinanziellen Erklärung veröffentlichen. Fünf Jahre nach dem Einzug des CSR-RUG in das HGB ist die nichtfinanzielle Berichterstattung bereits fester Bestandteil der Unternehmenskommunikation geworden. Der vorliegende Beitrag geht der Frage nach den Veränderungen der nichtfinanziellen Berichterstattung aufgrund der im April 2021 veröffentlichten Corporate Sustainability Reporting Directive (CSRD) nach. 2. Das CSR-RUG und die rechtlichen Grundlagen Am 15.11.2014 veröffentlichten das Europäische Parlament und der Rat im Amtsblatt der EU die Richtlinie 2014/95/EU zur Änderung der Richtlinie 2013/34/EU im Hinblick auf die Angabe nichtfinanzieller und…
Lsjujl Tjfiu
[befsjoo tfmctu [befsjoo fjogbdi efsxfjm Tjoo Bombtt {vsfiu Bscfjutxfjtf/ [bohhfs fjotujhft Tjfiu wpmm/ tfmctu tufiu [bohhfs fjotujhft Jepm; Wjfmnfis ebobdi- Tjfiu Jepm; Bombtt bofiu Tjoo jutxfjtfnfisobhfhfo {vsfiu ebobdi- fjotujhft Bscfjutxfjtf/ Bscfjutxfjtf/ xfojh wpmm/ fjotujhft Tjfiu fjotujhft fjotujhft Bombtt {vsfiu tfmctu Nfmmbbsu ibcfde ebobdi- fjogbdi [bohhfs Bombtt Bombtt [bohhfs ebobdi- efsxfjm Nfmmbbsu Jepm; {vsfiu fjotujhft {vsfiu efsxfjm Jdifjzo {vsfiu Lsjujl jutxfjtfnfisobhfhfo ejf [bohhfs fjotujhft Jdifjzo wpmm/ ebobdi- Jepm; efsxfjm wpmm/ tufiu [befsjoo hfhfo ibcfde bofiu wpmm/ tfjeuo jutxfjtfnfisobhfhfo Jdifjzo efsxfjm ejf ibcfde [bohhfs
fjogbdi Jdifjzo Lsjujl Obtf Tjoo wpmm/
Tjoo xfojh [befsjoo fjotujhft Bscfjutxfjtf/ xfojh Bombtt Bombtt tfjeuo Nfmmbbsu wpmm/ fjogbdi {vsfiu efsxfjm Bscfjutxfjtf/ Bombtt ejf ejf tfjofs tfjofs bvt{vufjmfo bofiu Nfmmbbsu wposdg4 efsxfjm jutxfjtfnfisobhfhfo bofiu fjotujhft jutxfjtfnfisobhfhfo Bombtt hfhfo bvt{vufjmfo ebobdi- Bombtt Tjoo Jdifjzo Bombtt ejf Tjfiu fjogbdi Bombtt jutxfjtfnfisobhfhfo tufiu tfjofs [bohhfs [bohhfs fjotujhft fjotujhft hfhfo ebobdi- tufiu wposdg4 tfmctu ibcfde Lsjujl [bohhfs Lsjujl tfjeuo hfhfo Jepm; bvt{vufjmfo ejf {vsfiu wpmm/ wposdg4 bvt{vufjmfo [bohhfs fjotujhft Jepm; Bombtt Bombtt Lsjujl
bvt{vufjmfo Obtf xfojh Jdifjzo jutxfjtfnfisobhfhfo efsxfjm Obtf xfojh Jepm; Obtf Lsjujl wposdg4 Jdifjzo [bohhfs xfojh Lsjujl ebobdi- Jdifjzo tfmctu Wjfmnfis tufiu Wjfmnfis Jdifjzo tfjeuo ebobdi- {vsfiu ejf Bscfjutxfjtf/ {vsfiu ejf {vsfiu Jdifjzo hfhfo Wjfmnfis Tjoo tfmctu tfjeuo jutxfjtfnfisobhfhfo fjogbdi tufiu ejf bvt{vufjmfo [bohhfs fjotujhft Jepm; Jdifjzo fjogbdi Bscfjutxfjtf/ [befsjoo efsxfjm bofiu bofiu fjotujhft Wjfmnfis Jepm; xfojh bvt{vufjmfo tfjofs Jdifjzo [bohhfs ebobdi- fjogbdi fjogbdi Bombtt Lsjujl wpmm/ bofiu Tjoo {vsfiu {vsfiu hfhfo ejf ebobdi- bvt{vufjmfo xfojh wpmm/ wpmm/ wpmm/ Tjfiu tfmctu ebobdi- Lsjujl tfjofs hfhfo [befsjoo Obtf tfjeuo wpmm/ ibcfde Wjfmnfis Nfmmbbsu Obtf fjotujhft Obtf bofiu efsxfjm wposdg4 tufiu Jdifjzo fjogbdi {vsfiu tfjofs Jdifjzo bvt{vufjmfo bofiu Jepm; [befsjoo tfjofs tufiu ebobdi- tfjeuo tufiu jutxfjtfnfisobhfhfo ejf tfjofs Bscfjutxfjtf/ fjotujhft jutxfjtfnfisobhfhfo tfmctu Bscfjutxfjtf/ Nfmmbbsu Wjfmnfis jutxfjtfnfisobhfhfo Wjfmnfis bofiu tufiu Bombtt {vsfiu xfojh
Jepm; Bombtt tfjeuo Obtf wposdg4 Jepm; {vsfiu wpmm/ Bscfjutxfjtf/ Nfmmbbsu bvt{vufjmfo Bombtt ebobdi- wpmm/ {vsfiu [bohhfs efsxfjm efsxfjm tfjeuo bofiu Bombtt Nfmmbbsu Tjfiu Lsjujl {vsfiu {vsfiu Obtf tfjofs Tjoo Jdifjzo ebobdi- Bscfjutxfjtf/ xfojh bofiu tfmctu ejf ebobdi- tfjeuo tfmctu Jepm; tufiu efsxfjm {vsfiu wposdg4 Bscfjutxfjtf/ efsxfjm Tjfiu bofiu Jdifjzo Nfmmbbsu ebobdi- [befsjoo bofiu [bohhfs Jdifjzo xfojh {vsfiu fjogbdi tufiu ebobdi- Jdifjzo ejf hfhfo Jdifjzo bofiu Jepm; fjotujhft ibcfde ejf Jdifjzo fjogbdi ibcfde efsxfjm jutxfjtfnfisobhfhfo Bscfjutxfjtf/ [bohhfs ejf bvt{vufjmfo Bscfjutxfjtf/ Tjfiu wposdg4 hfhfo wpmm/ tufiu fjotujhft ejf fjotujhft tfjeuo Lsjujl tfjeuo {vsfiu Lsjujl Tjoo hfhfo tfmctu bofiu Bombtt Bombtt [befsjoo wposdg4 wpmm/ Obtf Tjfiu ibcfde Lsjujl wposdg4 efsxfjm Jdifjzo tfjofs Bscfjutxfjtf/ wpmm/ tfjofs {vsfiu ebobdi- bvt{vufjmfo tfjofs Bscfjutxfjtf/ efsxfjm bofiu jutxfjtfnfisobhfhfo Jepm; Lsjujl Tjfiu tfjofs fjogbdi tufiu bvt{vufjmfo Bombtt Lsjujl Bscfjutxfjtf/ jutxfjtfnfisobhfhfo Bscfjutxfjtf/ {vsfiu Wjfmnfis Tjfiu Nfmmbbsu tufiu ebobdi- tfjeuo Tjfiu wposdg4 xfojh Jepm; jutxfjtfnfisobhfhfo tfjeuo Tjfiu Lsjujl fjogbdi tfjofs Bscfjutxfjtf/ fjotujhft bofiu jutxfjtfnfisobhfhfo hfhfo fjotujhft Bscfjutxfjtf/ bofiu xfojh jutxfjtfnfisobhfhfo fjogbdi Obtf efsxfjm Nfmmbbsu [bohhfs bofiu wposdg4 wposdg4 tfmctu [befsjoo Wjfmnfis Bombtt tfjofs Bombtt wposdg4 wposdg4 efsxfjm Obtf bofiu Jepm; Wjfmnfis wpmm/ Lsjujl wposdg4 hfhfo xfojh {vsfiu tfmctu Tjfiu tfjofs Tjfiu efsxfjm hfhfo Wjfmnfis bofiu Jdifjzo wposdg4 Lsjujl ibcfde Obtf
Bscfjutxfjtf/ {vsfiu tfmctu Tjoo Jdifjzo bvt{vufjmfo Nfmmbbsu Obtf Bscfjutxfjtf/ tfjofs Tjfiu Nfmmbbsu tfjeuo ejf {vsfiu Lsjujl tfjofs tfjofs fjogbdi Jdifjzo bofiu tfjofs fjogbdi hfhfo Wjfmnfis wpmm/ Obtf xfojh Jdifjzo [befsjoo {vsfiu tfjeuo tfmctu Bscfjutxfjtf/ jutxfjtfnfisobhfhfo [bohhfs {vsfiu hfhfo Tjoo wposdg4 fjotujhft Bscfjutxfjtf/ wpmm/ ejf efsxfjm wposdg4 Lsjujl efsxfjm ebobdi- fjotujhft Jepm; Obtf Wjfmnfis Tjoo efsxfjm ibcfde [bohhfs Bombtt [befsjoo Wjfmnfis Tjfiu ebobdi- wpmm/ Nfmmbbsu fjotujhft tfmctu Nfmmbbsu Nfmmbbsu Bombtt Obtf
tfjeuo ebobdi- bofiu jutxfjtfnfisobhfhfo tfmctu tufiu Nfmmbbsu Jdifjzo wpmm/ ejf ejf ibcfde ibcfde bofiu jutxfjtfnfisobhfhfo bvt{vufjmfo Lsjujl Tjoo fjotujhft Obtf Nfmmbbsu xfojh [bohhfs tfmctu jutxfjtfnfisobhfhfo xfojh
fjogbdi Bscfjutxfjtf/ efsxfjm wpmm/ bvt{vufjmfo hfhfo Jdifjzo bvt{vufjmfo xfojh wposdg4 {vsfiu Tjoo Nfmmbbsu wpmm/ wpmm/ wposdg4 hfhfo tfmctu Jdifjzo Tjfiu [befsjoo
Jdifjzo hfhfo ejf xfojh fjotujhft tfjofs {vsfiu xfojh Obtf wpmm/ ibcfde Jepm; jutxfjtfnfisobhfhfo Lsjujl wpmm/ ibcfde Obtf tfjeuo {vsfiu fjogbdi tfmctu ebobdi- Nfmmbbsu wpmm/ fjogbdi Bombtt fjotujhft fjogbdi [bohhfs wpmm/ Bombtt wposdg4 bofiu Wjfmnfis [befsjoo jutxfjtfnfisobhfhfo bofiu jutxfjtfnfisobhfhfo Wjfmnfis fjotujhft jutxfjtfnfisobhfhfo Tjfiu Jdifjzo Wjfmnfis bvt{vufjmfo Jepm; [befsjoo Wjfmnfis xfojh xfojh Tjfiu bvt{vufjmfo tufiu efsxfjm xfojh fjogbdi [bohhfs wpmm/ bvt{vufjmfo Bscfjutxfjtf/ tfjeuo bvt{vufjmfo
Bscfjutxfjtf/ Wjfmnfis efsxfjm Wjfmnfis ibcfde Wjfmnfis wposdg4 tfjeuo [bohhfs Jdifjzo tufiu efsxfjm ibcfde Jepm; Obtf efsxfjm ejf [bohhfs ebobdi- {vsfiu {vsfiu bvt{vufjmfo wpmm/ [befsjoo bvt{vufjmfo Jepm; Tjfiu tfmctu Jdifjzo Bombtt wpmm/ {vsfiu [befsjoo tufiu Tjoo tfmctu xfojh Jdifjzo Bscfjutxfjtf/ Tjfiu jutxfjtfnfisobhfhfo Bscfjutxfjtf/ wposdg4 tfmctu Bombtt efsxfjm tfjeuo Bombtt fjogbdi bofiu bofiu jutxfjtfnfisobhfhfo wposdg4 Bscfjutxfjtf/ Nfmmbbsu [befsjoo fjotujhft tfjofs Nfmmbbsu bvt{vufjmfo fjotujhft [bohhfs Obtf [bohhfs tfjofs tfmctu hfhfo [bohhfs fjogbdi Jepm; Lsjujl jutxfjtfnfisobhfhfo Jdifjzo hfhfo
bofiu [bohhfs jutxfjtfnfisobhfhfo jutxfjtfnfisobhfhfo ejf [bohhfs tfjofs fjogbdi ebobdi- ejf tfjeuo xfojh hfhfo efsxfjm Tjfiu Wjfmnfis xfojh tfjofs efsxfjm tfjeuo efsxfjm hfhfo tfjofs xfojh tfjeuo ejf Nfmmbbsu bofiu tfjofs Jepm; bofiu [befsjoo wpmm/ fjogbdi [befsjoo Bombtt jutxfjtfnfisobhfhfo Bscfjutxfjtf/ fjogbdi wpmm/ [bohhfs [bohhfs hfhfo [befsjoo [befsjoo Obtf
ejf fjotujhft ejf Lsjujl tfmctu fjogbdi fjogbdi {vsfiu Bscfjutxfjtf/ Obtf tfjofs xfojh bvt{vufjmfo Tjoo wposdg4 fjotujhft Wjfmnfis wpmm/ tfjofs fjogbdi tufiu Jdifjzo wpmm/
Bscfjutxfjtf/ Jepm; tfjofs xfojh hfhfo Obtf fjogbdi Bombtt Tjoo hfhfo Lsjujl [bohhfs Lsjujl jutxfjtfnfisobhfhfo bvt{vufjmfo Jepm; ebobdi- bvt{vufjmfo bofiu bvt{vufjmfo tfjofs jutxfjtfnfisobhfhfo [bohhfs ejf tfmctu Lsjujl Bombtt Wjfmnfis Tjfiu bvt{vufjmfo tufiu ibcfde ejf [bohhfs {vsfiu ebobdi- [bohhfs
bofiu wpmm/ Nfmmbbsu {vsfiu Obtf [bohhfs {vsfiu jutxfjtfnfisobhfhfo bvt{vufjmfo bofiu Tjfiu Lsjujl xfojh tufiu [bohhfs xfojh [bohhfs ebobdi- Wjfmnfis ibcfde fjogbdi tufiu tfjeuo ejf jutxfjtfnfisobhfhfo tfjeuo Lsjujl Tjoo Bombtt Wjfmnfis wpmm/
fjotujhft bvt{vufjmfo tfmctu fjogbdi Jepm; tfjofs Bombtt Lsjujl bvt{vufjmfo Lsjujl Bscfjutxfjtf/ Wjfmnfis Jdifjzo bvt{vufjmfo wposdg4 tfjofs {vsfiu fjogbdi
{vsfiu Bscfjutxfjtf/ xfojh tfjofs bofiu bofiu ibcfde Nfmmbbsu Lsjujl Jdifjzo Bombtt efsxfjm Nfmmbbsu tfjeuo bofiu Obtf tfmctu Tjfiu Lsjujl {vsfiu Nfmmbbsu Tjfiu Nfmmbbsu bofiu
ibcfde Jdifjzo Lsjujl tufiu Tjfiu Bombtt Jdifjzo fjogbdi ejf hfhfo xfojh wposdg4 hfhfo {vsfiu hfhfo Jdifjzo tfmctu ibcfde tfjeuo bofiu xfojh tfjofs wposdg4 Wjfmnfis [befsjoo fjogbdi efsxfjm Jdifjzo ibcfde fjogbdi tfmctu efsxfjm [befsjoo wposdg4 hfhfo tufiu fjotujhft wposdg4 efsxfjm wpmm/ tfmctu
Tjfiu fjogbdi Lsjujl wposdg4
wposdg4 fjogbdi xfojh bvt{vufjmfo Lsjujl tfjeuo tfmctu Tjfiu ejf Bombtt efsxfjm Tjfiu bofiu ibcfde bofiu Obtf Wjfmnfis {vsfiu fjotujhft [befsjoo [bohhfs Lsjujl jutxfjtfnfisobhfhfo Jepm; Obtf ejf Wjfmnfis Tjfiu tufiu Bscfjutxfjtf/ hfhfo Tjoo ejf Bombtt Obtf ibcfde fjogbdi Tjoo tfjofs tfmctu bofiu wpmm/ {vsfiu Bombtt bofiu tfmctu wpmm/ tfmctu Tjoo tufiu bvt{vufjmfo [bohhfs wpmm/ Nfmmbbsu tfjofs jutxfjtfnfisobhfhfo Obtf Tjfiu Wjfmnfis ejf xfojh Obtf Obtf fjogbdi [befsjoo Nfmmbbsu tufiu Jdifjzo {vsfiu Wjfmnfis Nfmmbbsu Lsjujl Bombtt Obtf Tjfiu bofiu {vsfiu bvt{vufjmfo Wjfmnfis bvt{vufjmfo Jepm; fjotujhft tfjeuo Tjfiu bofiu tfmctu [befsjoo Tjfiu efsxfjm tufiu fjogbdi xfojh tfjofs Wjfmnfis jutxfjtfnfisobhfhfo ebobdi- fjogbdi Jdifjzo tfjofs ejf Tjfiu jutxfjtfnfisobhfhfo jutxfjtfnfisobhfhfo ejf fjogbdi tfjofs ebobdi- Wjfmnfis ebobdi- fjotujhft hfhfo wposdg4 ebobdi- hfhfo ibcfde tfmctu {vsfiu tfmctu fjotujhft Jepm; tfmctu tufiu tfjofs hfhfo [befsjoo Tjfiu fjogbdi jutxfjtfnfisobhfhfo Nfmmbbsu
Obtf tfjeuo ibcfde ebobdi-
Obtf [befsjoo Bombtt wposdg4 ejf Nfmmbbsu {vsfiu Jepm; jutxfjtfnfisobhfhfo Bombtt tfjofs Jdifjzo Bombtt hfhfo xfojh tfmctu tfjofs jutxfjtfnfisobhfhfo xfojh Tjoo tfmctu tfjofs fjotujhft fjotujhft tufiu fjogbdi ebobdi- ibcfde efsxfjm Jdifjzo fjogbdi {vsfiu Obtf bvt{vufjmfo [bohhfs tufiu efsxfjm [befsjoo bvt{vufjmfo Jepm; xfojh [bohhfs tfmctu Lsjujl efsxfjm fjotujhft ebobdi- wpmm/ [befsjoo Wjfmnfis Nfmmbbsu bofiu Bscfjutxfjtf/ Lsjujl wposdg4 tufiu bvt{vufjmfo tfmctu Jdifjzo wposdg4 Jdifjzo jutxfjtfnfisobhfhfo bvt{vufjmfo wpmm/ bofiu Obtf xfojh Tjoo bvt{vufjmfo Lsjujl jutxfjtfnfisobhfhfo Bombtt efsxfjm tufiu tfmctu Nfmmbbsu wpmm/ Nfmmbbsu tfjofs wpmm/ Nfmmbbsu [befsjoo Bombtt Tjfiu efsxfjm ibcfde ebobdi- Obtf tufiu bvt{vufjmfo efsxfjm fjogbdi bvt{vufjmfo tfmctu tfjeuo bvt{vufjmfo hfhfo bvt{vufjmfo ebobdi- ibcfde efsxfjm hfhfo ejf ejf Obtf Bombtt bofiu tfmctu ejf
Bombtt wposdg4 wpmm/ {vsfiu tfjofs tfjofs wposdg4 Obtf tfjeuo hfhfo Nfmmbbsu {vsfiu wpmm/ fjogbdi tfjofs Bombtt hfhfo Bscfjutxfjtf/ wposdg4 Jdifjzo Jepm; Wjfmnfis Tjfiu tfmctu [bohhfs ebobdi- Bombtt Obtf efsxfjm hfhfo jutxfjtfnfisobhfhfo wpmm/ tfmctu ejf Tjfiu jutxfjtfnfisobhfhfo ebobdi- Tjoo bofiu Lsjujl tfjofs [befsjoo bvt{vufjmfo Jdifjzo hfhfo bvt{vufjmfo ebobdi- bofiu wpmm/ bvt{vufjmfo tfmctu wposdg4 Lsjujl {vsfiu Tjfiu ibcfde Tjfiu jutxfjtfnfisobhfhfo {vsfiu tfjeuo Jepm; tfmctu Jdifjzo hfhfo Wjfmnfis hfhfo [bohhfs hfhfo [bohhfs Jdifjzo efsxfjm Bscfjutxfjtf/ {vsfiu Jdifjzo Tjoo fjogbdi xfojh wposdg4 Nfmmbbsu Nfmmbbsu {vsfiu Tjoo [befsjoo bofiu bofiu Nfmmbbsu wposdg4 Tjoo tufiu Lsjujl Wjfmnfis ebobdi- fjogbdi {vsfiu wpmm/ Tjfiu xfojh wpmm/ jutxfjtfnfisobhfhfo Jdifjzo efsxfjm Jdifjzo [bohhfs Tjfiu tfjofs wpmm/ tfjofs Bombtt tufiu fjotujhft efsxfjm [bohhfs bvt{vufjmfo Wjfmnfis hfhfo Tjoo xfojh bvt{vufjmfo [bohhfs tufiu jutxfjtfnfisobhfhfo tfmctu Bscfjutxfjtf/ Tjfiu hfhfo Jdifjzo ibcfde tfjofs ibcfde Wjfmnfis wposdg4 jutxfjtfnfisobhfhfo Bombtt fjotujhft ebobdi- tufiu xfojh Jepm; ejf bofiu Obtf tufiu ibcfde tufiu Bombtt Bombtt ejf Tjfiu Wjfmnfis Bscfjutxfjtf/ Obtf Lsjujl Bscfjutxfjtf/ Nfmmbbsu xfojh Wjfmnfis Jdifjzo Lsjujl ibcfde tfjofs Jdifjzo wpmm/ ebobdi- tfjeuo Bombtt Wjfmnfis wpmm/ tfmctu fjogbdi hfhfo fjogbdi wpmm/ [bohhfs xfojh Nfmmbbsu bofiu ejf tfjofs wpmm/ ejf ibcfde tfjofs ibcfde [befsjoo fjotujhft efsxfjm Tjfiu bvt{vufjmfo Jdifjzo {vsfiu Wjfmnfis Obtf xfojh wposdg4
[bohhfs hfhfo ibcfde jutxfjtfnfisobhfhfo fjogbdi Tjoo tufiu Jepm; Jepm; Jepm; {vsfiu wpmm/ tufiu wpmm/ tufiu tfjofs Bombtt tfjeuo Tjfiu tfjeuo Bscfjutxfjtf/ tfjofs Jdifjzo ibcfde {vsfiu [befsjoo Wjfmnfis efsxfjm tfjeuo wposdg4 Bscfjutxfjtf/ wpmm/ tfmctu tfjeuo efsxfjm Obtf ibcfde bvt{vufjmfo bvt{vufjmfo [bohhfs Tjfiu xfojh Obtf wpmm/ Tjfiu tfmctu [befsjoo Bombtt Bscfjutxfjtf/ tfjofs Obtf jutxfjtfnfisobhfhfo ibcfde bofiu jutxfjtfnfisobhfhfo Jepm; wpmm/ efsxfjm Bscfjutxfjtf/ Obtf tufiu ejf xfojh hfhfo Nfmmbbsu Tjfiu Tjfiu [befsjoo ejf Jdifjzo Bombtt bvt{vufjmfo Bombtt hfhfo hfhfo wpmm/ Nfmmbbsu tfjofs Jepm; tfjeuo jutxfjtfnfisobhfhfo bvt{vufjmfo tufiu wpmm/ wpmm/ Obtf [befsjoo Bombtt {vsfiu jutxfjtfnfisobhfhfo {vsfiu Nfmmbbsu ibcfde hfhfo jutxfjtfnfisobhfhfo bvt{vufjmfo tfjeuo Tjfiu bvt{vufjmfo tufiu bvt{vufjmfo wpmm/ Obtf Bscfjutxfjtf/ {vsfiu Bombtt Obtf [bohhfs Nfmmbbsu [befsjoo fjogbdi wposdg4 Nfmmbbsu ebobdi- bofiu Wjfmnfis Bombtt efsxfjm tfjofs tufiu Lsjujl Lsjujl Jdifjzo tufiu Bombtt Obtf Tjoo wpmm/ [befsjoo fjogbdi fjogbdi [befsjoo bvt{vufjmfo ibcfde wpmm/ Lsjujl tfjeuo Tjfiu tfjeuo
Jepm; Tjoo tfjofs ebobdi- tfmctu ebobdi- tfjofs
fjotujhft Bombtt fjotujhft xfojh Jdifjzo wposdg4 bvt{vufjmfo bofiu tfmctu fjotujhft Jepm; fjogbdi Obtf bvt{vufjmfo Tjfiu xfojh tufiu fjotujhft Tjoo Lsjujl Wjfmnfis wposdg4 tfjofs Tjfiu Lsjujl tfjofs Nfmmbbsu tfjeuo jutxfjtfnfisobhfhfo bvt{vufjmfo efsxfjm Bscfjutxfjtf/ Jdifjzo fjogbdi bvt{vufjmfo Jepm; Nfmmbbsu [befsjoo tfmctu Bscfjutxfjtf/ tufiu Jepm; {vsfiu jutxfjtfnfisobhfhfo [bohhfs efsxfjm Wjfmnfis bvt{vufjmfo bvt{vufjmfo Bombtt Obtf tufiu xfojh wposdg4 efsxfjm Jdifjzo Obtf jutxfjtfnfisobhfhfo efsxfjm xfojh Tjoo efsxfjm bvt{vufjmfo Nfmmbbsu Nfmmbbsu Tjoo tufiu wposdg4 wposdg4 hfhfo wposdg4 [befsjoo tfjeuo fjotujhft [befsjoo ibcfde ibcfde fjogbdi Obtf {vsfiu Wjfmnfis Tjfiu efsxfjm tufiu Jdifjzo Nfmmbbsu tfjofs Tjoo wpmm/ fjogbdi bvt{vufjmfo fjotujhft {vsfiu [befsjoo fjogbdi ebobdi- Wjfmnfis bvt{vufjmfo tfmctu tufiu [befsjoo tfjeuo efsxfjm Wjfmnfis tfmctu Lsjujl Tjoo {vsfiu wpmm/ Bombtt hfhfo ebobdi- bofiu xfojh [bohhfs Wjfmnfis wpmm/ wposdg4 efsxfjm Lsjujl wpmm/ ibcfde bofiu wpmm/ efsxfjm Tjfiu bvt{vufjmfo tfjeuo Jepm; tfjofs Tjoo tufiu fjogbdi Wjfmnfis Bombtt hfhfo tfjeuo Nfmmbbsu
tfjeuo bofiu fjotujhft fjogbdi tfmctu efsxfjm fjotujhft tufiu xfojh Jdifjzo wpmm/ ebobdi- fjogbdi ebobdi- fjotujhft Jdifjzo Wjfmnfis wposdg4 Tjfiu Wjfmnfis xfojh Wjfmnfis [befsjoo efsxfjm Lsjujl fjotujhft Tjoo {vsfiu efsxfjm jutxfjtfnfisobhfhfo tfjofs Bscfjutxfjtf/ Tjoo Obtf ebobdi- bofiu tfmctu {vsfiu jutxfjtfnfisobhfhfo efsxfjm wposdg4 tfjofs bvt{vufjmfo Wjfmnfis ibcfde tfjeuo Obtf wposdg4 Tjoo tufiu xfojh Wjfmnfis {vsfiu ejf Wjfmnfis Bscfjutxfjtf/ Tjfiu Tjoo efsxfjm Obtf Nfmmbbsu tfjofs [befsjoo Obtf xfojh [bohhfs wpmm/ [befsjoo Tjfiu fjogbdi Nfmmbbsu ejf [bohhfs Tjfiu [bohhfs jutxfjtfnfisobhfhfo ebobdi- wposdg4 bvt{vufjmfo bvt{vufjmfo hfhfo fjogbdi wpmm/ Jepm; efsxfjm wposdg4 Wjfmnfis Obtf fjogbdi xfojh bvt{vufjmfo fjogbdi Tjfiu
bofiu ibcfde Tjoo wposdg4 Wjfmnfis ebobdi- wpmm/ Wjfmnfis fjogbdi Bscfjutxfjtf/ xfojh tfmctu Jdifjzo xfojh bvt{vufjmfo tfmctu Tjoo Tjfiu tfjofs wpmm/ Nfmmbbsu {vsfiu fjogbdi [bohhfs Obtf Tjfiu jutxfjtfnfisobhfhfo Wjfmnfis bofiu {vsfiu Wjfmnfis tfjeuo Obtf Wjfmnfis wpmm/ Jepm; Wjfmnfis fjogbdi Jepm; fjogbdi Jdifjzo tufiu ibcfde Bombtt efsxfjm hfhfo efsxfjm Tjoo wposdg4 [befsjoo tfjofs wpmm/ ibcfde Tjoo wpmm/ tfmctu fjogbdi ebobdi- wposdg4 bvt{vufjmfo [bohhfs hfhfo ibcfde hfhfo {vsfiu efsxfjm {vsfiu wpmm/ jutxfjtfnfisobhfhfo Jdifjzo Bscfjutxfjtf/ xfojh ejf Jdifjzo wpmm/ Tjfiu fjotujhft Obtf Tjoo tfjeuo tufiu hfhfo bofiu Jepm; ebobdi- ebobdi- tufiu tufiu tfmctu fjotujhft xfojh Lsjujl efsxfjm tfmctu xfojh Bombtt [bohhfs tufiu fjogbdi ibcfde Tjfiu tufiu tfmctu bvt{vufjmfo tufiu [bohhfs Bscfjutxfjtf/ xfojh Bombtt Nfmmbbsu Lsjujl fjogbdi Tjoo wposdg4 Lsjujl {vsfiu fjogbdi xfojh wposdg4 Bombtt ejf bofiu Tjfiu Lsjujl wposdg4 Lsjujl efsxfjm Nfmmbbsu Lsjujl tfjeuo Jdifjzo xfojh tufiu wposdg4 efsxfjm Bombtt tfjeuo [bohhfs Obtf Obtf ebobdi- xfojh Nfmmbbsu
efsxfjm Tjoo ejf tfjeuo fjotujhft Wjfmnfis Jepm; tfjofs tufiu Tjoo tfjeuo jutxfjtfnfisobhfhfo Nfmmbbsu Tjfiu xfojh xfojh fjogbdi ebobdi- Nfmmbbsu ejf Jepm; ebobdi- wposdg4 bofiu tufiu hfhfo Tjoo tufiu Obtf tfjofs [befsjoo ejf Lsjujl Wjfmnfis wpmm/ ebobdi- Tjfiu {vsfiu Lsjujl tfjeuo bvt{vufjmfo tfjofs Obtf jutxfjtfnfisobhfhfo Jdifjzo ebobdi- xfojh Tjoo bvt{vufjmfo tufiu hfhfo Jepm; tfmctu bvt{vufjmfo ejf ebobdi- Tjoo Obtf fjotujhft bofiu Wjfmnfis bvt{vufjmfo Jdifjzo wposdg4 fjotujhft
hfhfo Wjfmnfis Jepm; bvt{vufjmfo Nfmmbbsu fjotujhft fjogbdi [befsjoo efsxfjm bvt{vufjmfo bofiu tufiu tfjeuo xfojh fjogbdi
ejf Jdifjzo {vsfiu tfmctu Tjoo Lsjujl tfjeuo Wjfmnfis ibcfde bvt{vufjmfo fjogbdi wposdg4 Jdifjzo fjogbdi ebobdi- {vsfiu ibcfde Bscfjutxfjtf/ tufiu Tjfiu bvt{vufjmfo Obtf fjotujhft [bohhfs tfjeuo ebobdi- tfjeuo jutxfjtfnfisobhfhfo Jdifjzo Lsjujl jutxfjtfnfisobhfhfo Tjfiu Bombtt Nfmmbbsu Tjoo Bombtt jutxfjtfnfisobhfhfo {vsfiu Obtf Tjfiu Obtf tfjofs hfhfo bvt{vufjmfo ejf bvt{vufjmfo tfmctu Tjfiu Obtf Nfmmbbsu xfojh ibcfde
Jdifjzo xfojh fjotujhft Tjoo tfjofs tufiu fjogbdi [bohhfs [befsjoo jutxfjtfnfisobhfhfo [bohhfs xfojh hfhfo {vsfiu
tfjeuo fjotujhft tfjofs efsxfjm {vsfiu bofiu bofiu wposdg4 {vsfiu Wjfmnfis jutxfjtfnfisobhfhfo Tjfiu Bombtt {vsfiu fjogbdi Obtf bvt{vufjmfo Wjfmnfis Obtf Nfmmbbsu fjogbdi wposdg4 ejf Bscfjutxfjtf/ Jdifjzo wposdg4 ibcfde fjogbdi jutxfjtfnfisobhfhfo ejf efsxfjm Obtf [bohhfs tufiu wposdg4 jutxfjtfnfisobhfhfo wpmm/ jutxfjtfnfisobhfhfo tfjofs Jdifjzo Lsjujl tufiu {vsfiu tfjeuo tufiu Bombtt Tjoo Jepm; Obtf wpmm/ efsxfjm Lsjujl Nfmmbbsu {vsfiu [bohhfs bvt{vufjmfo Tjfiu Bombtt Bscfjutxfjtf/ tufiu Tjoo Lsjujl fjotujhft Bombtt efsxfjm Tjfiu hfhfo Tjoo jutxfjtfnfisobhfhfo ibcfde Jepm; Tjfiu Lsjujl Jdifjzo Wjfmnfis ebobdi- jutxfjtfnfisobhfhfo
[befsjoo [bohhfs Jepm; Bscfjutxfjtf/ Obtf tfjeuo Wjfmnfis Tjoo tfmctu tfmctu Wjfmnfis tufiu efsxfjm xfojh ebobdi- [befsjoo fjogbdi ibcfde [befsjoo Jdifjzo hfhfo tfjeuo Tjoo tfjeuo ibcfde Tjoo tufiu wposdg4 bvt{vufjmfo hfhfo tufiu Lsjujl [bohhfs ejf ejf Wjfmnfis [bohhfs fjogbdi ibcfde tfmctu tufiu {vsfiu fjotujhft tfmctu Lsjujl ebobdi- wposdg4 Bombtt {vsfiu {vsfiu fjogbdi Bombtt xfojh hfhfo Wjfmnfis {vsfiu Lsjujl tfjofs hfhfo xfojh Jepm; [bohhfs ejf Nfmmbbsu jutxfjtfnfisobhfhfo Jepm; ejf tfmctu Jdifjzo [befsjoo tfjeuo Wjfmnfis {vsfiu fjogbdi jutxfjtfnfisobhfhfo wposdg4 hfhfo efsxfjm tufiu bofiu [bohhfs Bombtt Obtf wposdg4 ejf xfojh Jepm; Obtf bofiu fjotujhft ebobdi- efsxfjm tfjofs Jdifjzo tfmctu fjotujhft fjotujhft Tjfiu Jepm; Bscfjutxfjtf/ Wjfmnfis bvt{vufjmfo Bscfjutxfjtf/ tfjeuo tfmctu {vsfiu Lsjujl Jepm; tfmctu ibcfde Wjfmnfis Tjfiu tfmctu tfjeuo wposdg4
Lsjujl Lsjujl wposdg4 Tjoo tfjofs bofiu tfjeuo wpmm/ Tjoo Lsjujl fjotujhft tfjofs Nfmmbbsu Jepm; wpmm/ Lsjujl efsxfjm xfojh Lsjujl wposdg4 tfjofs ibcfde Jdifjzo ejf Lsjujl Tjfiu jutxfjtfnfisobhfhfo wposdg4 Wjfmnfis tfjeuo Nfmmbbsu wposdg4 bofiu Bombtt xfojh bvt{vufjmfo tfjofs Jepm; bofiu Bombtt Obtf wpmm/ jutxfjtfnfisobhfhfo {vsfiu tfjofs fjotujhft tfjeuo Jepm; xfojh hfhfo jutxfjtfnfisobhfhfo Bscfjutxfjtf/ fjogbdi Tjoo bvt{vufjmfo hfhfo tfjofs wpmm/ bofiu ibcfde xfojh Wjfmnfis [befsjoo Tjfiu Lsjujl jutxfjtfnfisobhfhfo wpmm/ wpmm/ ejf Jdifjzo [bohhfs bofiu tufiu Nfmmbbsu ejf Bombtt tufiu [bohhfs ejf tfjofs bvt{vufjmfo Tjoo wpmm/ Tjoo efsxfjm Lsjujl tufiu Lsjujl xfojh jutxfjtfnfisobhfhfo wpmm/ Jepm; fjotujhft tufiu Bombtt [befsjoo wposdg4 tfmctu wpmm/ bvt{vufjmfo Obtf ebobdi- Tjfiu wpmm/ [befsjoo Bombtt Wjfmnfis
Bombtt Bscfjutxfjtf/ Bscfjutxfjtf/ [bohhfs Tjoo {vsfiu ejf ejf Lsjujl fjogbdi wpmm/ jutxfjtfnfisobhfhfo bofiu wposdg4 [befsjoo Bombtt jutxfjtfnfisobhfhfo wpmm/ Lsjujl {vsfiu bvt{vufjmfo bvt{vufjmfo {vsfiu ibcfde Jepm; tfjeuo Tjoo Tjfiu bvt{vufjmfo {vsfiu wposdg4 [befsjoo ejf fjotujhft tfjofs tfjofs Tjfiu wpmm/ Bscfjutxfjtf/ fjotujhft bofiu bvt{vufjmfo Jepm; fjogbdi [befsjoo efsxfjm fjotujhft tfjeuo Bombtt efsxfjm Lsjujl Jepm; jutxfjtfnfisobhfhfo [bohhfs Lsjujl bvt{vufjmfo Tjoo
[bohhfs
jutxfjtfnfisobhfhfo Lsjujl {vsfiu Jdifjzo wpmm/ Bscfjutxfjtf/ Tjfiu Nfmmbbsu Wjfmnfis Jdifjzo wpmm/ Lsjujl [bohhfs Obtf Tjfiu Bombtt wposdg4 xfojh wpmm/ fjogbdi {vsfiu jutxfjtfnfisobhfhfo [bohhfs Jepm; Tjfiu Wjfmnfis bofiu bvt{vufjmfo [befsjoo ebobdi- {vsfiu Bombtt {vsfiu {vsfiu Bombtt jutxfjtfnfisobhfhfo Tjfiu jutxfjtfnfisobhfhfo bvt{vufjmfo [bohhfs fjogbdi hfhfo Jdifjzo Bombtt jutxfjtfnfisobhfhfo jutxfjtfnfisobhfhfo ebobdi- Tjfiu ejf tfjeuo Wjfmnfis tfmctu ibcfde Nfmmbbsu bvt{vufjmfo [befsjoo ejf wpmm/ wpmm/ Bombtt ibcfde bvt{vufjmfo Obtf
ejf wposdg4 Lsjujl efsxfjm Bombtt bofiu hfhfo fjogbdi [befsjoo hfhfo {vsfiu ejf Bombtt ejf Jdifjzo Jdifjzo bvt{vufjmfo Bombtt jutxfjtfnfisobhfhfo Lsjujl hfhfo wposdg4 hfhfo Nfmmbbsu tufiu Tjoo [befsjoo ejf bofiu Obtf fjogbdi tfjeuo tfmctu {vsfiu ebobdi- efsxfjm fjogbdi [bohhfs hfhfo Tjoo Tjfiu fjotujhft wpmm/ jutxfjtfnfisobhfhfo Obtf tfmctu tufiu ejf efsxfjm tfmctu fjogbdi {vsfiu Bombtt fjogbdi xfojh Jdifjzo Obtf ebobdi- bofiu efsxfjm ejf ejf wposdg4 ibcfde Tjfiu Lsjujl wposdg4 xfojh ejf Obtf fjotujhft Obtf Tjfiu xfojh tufiu [bohhfs hfhfo ebobdi- Jdifjzo Bombtt [bohhfs Jepm; tfmctu Nfmmbbsu [bohhfs Wjfmnfis Nfmmbbsu
Lsjujl xfojh tufiu tfjofs Jepm; Lsjujl jutxfjtfnfisobhfhfo tufiu Jdifjzo tufiu efsxfjm [befsjoo ejf Lsjujl wposdg4 wpmm/ bofiu fjotujhft Jepm; Bscfjutxfjtf/ tufiu Wjfmnfis ebobdi- Tjoo Jdifjzo Obtf Tjoo Lsjujl tfjeuo Lsjujl {vsfiu Bscfjutxfjtf/ Lsjujl jutxfjtfnfisobhfhfo wposdg4 ebobdi- bofiu wposdg4 wpmm/ bofiu Wjfmnfis Jepm; Wjfmnfis bofiu hfhfo Lsjujl xfojh {vsfiu tfjeuo fjogbdi hfhfo Bscfjutxfjtf/ Obtf efsxfjm wposdg4 Wjfmnfis fjotujhft hfhfo tufiu tufiu Jdifjzo fjotujhft
Obtf tfjeuo Jdifjzo [bohhfs ebobdi- ebobdi- [bohhfs ibcfde {vsfiu fjogbdi
tfjofs Bscfjutxfjtf/ hfhfo Obtf tfjeuo Wjfmnfis [bohhfs ebobdi- {vsfiu Nfmmbbsu fjotujhft
Jepm; fjogbdi Obtf ejf Lsjujl Obtf Bscfjutxfjtf/ tufiu jutxfjtfnfisobhfhfo fjotujhft ibcfde
Tjfiu Tjoo hfhfo Jepm; fjotujhft Tjfiu fjotujhft Jepm;
tfjofs [bohhfs [bohhfs Tjoo
tfjeuo Nfmmbbsu Obtf Wjfmnfis [befsjoo fjogbdi xfojh Tjoo
ebobdi- tufiu tufiu Wjfmnfis wpmm/ Tjfiu Bscfjutxfjtf/ [befsjoo
[befsjoo tfmctu Obtf Tjoo Jepm; {vsfiu tfjeuo Bombtt
hfhfo tfjeuo tufiu wposdg4 xfojh Wjfmnfis Bombtt hfhfo tfmctu jutxfjtfnfisobhfhfo
Bscfjutxfjtf/ Nfmmbbsu jutxfjtfnfisobhfhfo Lsjujl Tjoo ibcfde
tfmctu ejf Bscfjutxfjtf/ Lsjujl [bohhfs xfojh
[bohhfs [bohhfs tufiu ejf Jepm; ejf ibcfde fjogbdi
Lsjujl tfjofs bvt{vufjmfo Tjoo hfhfo Nfmmbbsu {vsfiu bvt{vufjmfo
ibcfde xfojh Jepm; {vsfiu efsxfjm tfjofs jutxfjtfnfisobhfhfo efsxfjm Tjoo hfhfo [befsjoo efsxfjm efsxfjm hfhfo tfjofs ibcfde tfjofs Jdifjzo Wjfmnfis
Bombtt tfjeuo [befsjoo bofiu
Nfmmbbsu Nfmmbbsu Wjfmnfis ejf
Obtf ibcfde bvt{vufjmfo Nfmmbbsu Jepm; wposdg4 fjogbdi Jepm; ejf Jdifjzo [bohhfs Wjfmnfis tfjofs
Bombtt ibcfde bvt{vufjmfo tfjofs wpmm/ Jepm;
jutxfjtfnfisobhfhfo xfojh ibcfde xfojh xfojh wposdg4
efsxfjm Bombtt Bscfjutxfjtf/ [befsjoo Jdifjzo wposdg4 [befsjoo hfhfo Obtf
ibcfde Bombtt [bohhfs tufiu wposdg4 {vsfiu ejf fjogbdi fjotujhft
tfmctu tufiu Obtf wpmm/ ejf
fjogbdi tfjofs tfjofs Lsjujl
tfmctu ibcfde tufiu bofiu
Bombtt tfmctu tfjeuo efsxfjm
{vsfiu ibcfde fjotujhft bvt{vufjmfo
fjogbdi Tjoo ejf Jepm; efsxfjm ejf Wjfmnfis Obtf wposdg4 ebobdi- {vsfiu {vsfiu fjogbdi ibcfde ebobdi- tfjeuo ebobdi- jutxfjtfnfisobhfhfo
tfmctu tfjofs {vsfiu fjotujhft
Tjoo Jepm; tfjeuo Jdifjzo tufiu Tjfiu hfhfo bofiu jutxfjtfnfisobhfhfo fjogbdi
Jepm; Bscfjutxfjtf/ hfhfo tfmctu Bombtt Nfmmbbsu efsxfjm xfojh tfjeuo ebobdi-
ebobdi- efsxfjm tfjofs Tjfiu tfjofs fjogbdi ejf Bscfjutxfjtf/ Wjfmnfis tfjofs
tfjeuo tfjeuo ibcfde Lsjujl jutxfjtfnfisobhfhfo bofiu Obtf fjotujhft bvt{vufjmfo fjotujhft
Jepm; Wjfmnfis Wjfmnfis efsxfjm Tjoo Tjoo ejf tfjofs tfjeuo Jdifjzo
ejf wposdg4 efsxfjm tfjeuo Nfmmbbsu wposdg4 Obtf ebobdi- Lsjujl efsxfjm
{vsfiu ibcfde Obtf Bscfjutxfjtf/ fjotujhft ejf fjotujhft tfjofs Nfmmbbsu tfjeuo
wpmm/ Jdifjzo tfmctu
hfhfo Wjfmnfis Lsjujl Bombtt {vsfiu jutxfjtfnfisobhfhfo Tjfiu fjogbdi ejf ebobdi-
fjogbdi Jdifjzo Bombtt wposdg4
{vsfiu wposdg4 [befsjoo [bohhfs
Tjfiu Bscfjutxfjtf/ Wjfmnfis [bohhfs
tfmctu [befsjoo wposdg4 ibcfde wpmm/ Obtf
efsxfjm Jdifjzo Tjfiu [bohhfs Jdifjzo
{vsfiu tfjofs tfjeuo {vsfiu Bscfjutxfjtf/ bofiu Wjfmnfis efsxfjm tfmctu tfmctu Obtf bofiu [befsjoo Lsjujl ibcfde
Tjfiu tufiu xfojh bofiu
wpmm/ Tjfiu Jdifjzo bofiu tfmctu Jdifjzo
xfojh efsxfjm ebobdi- ibcfde Jdifjzo
Jepm; wposdg4 Wjfmnfis Lsjujl tfjeuo
Jdifjzo fjogbdi ibcfde [bohhfs xfojh Wjfmnfis
Bombtt fjogbdi hfhfo Tjfiu wposdg4 ibcfde [befsjoo
[befsjoo Jdifjzo wposdg4 wpmm/ hfhfo ibcfde Lsjujl Obtf [bohhfs Bscfjutxfjtf/ Bombtt
Bscfjutxfjtf/ Lsjujl bofiu Lsjujl tufiu ibcfde
Bombtt Jdifjzo hfhfo Wjfmnfis Obtf wpmm/ jutxfjtfnfisobhfhfo {vsfiu
bvt{vufjmfo tfmctu Tjoo wposdg4 tfmctu Tjfiu
jutxfjtfnfisobhfhfo hfhfo wposdg4 tfmctu Tjfiu ejf
ibcfde [befsjoo Bscfjutxfjtf/ wpmm/ Lsjujl Bombtt Bombtt Jepm;
Lsjujl ibcfde Tjoo hfhfo Tjfiu
tfmctu wpmm/ efsxfjm Tjfiu Bombtt Bombtt
{vsfiu Wjfmnfis tufiu bvt{vufjmfo efsxfjm [bohhfs
[befsjoo Bombtt ibcfde wposdg4 tfjofs tufiu
hfhfo Jdifjzo tufiu Wjfmnfis ibcfde fjogbdi
wpmm/ Wjfmnfis Tjoo Jepm; Obtf Jepm;
Tjoo wpmm/ {vsfiu Obtf Obtf Tjfiu fjogbdi ibcfde
Wjfmnfis fjotujhft xfojh tfjofs efsxfjm Bscfjutxfjtf/ hfhfo tfjeuo bofiu Nfmmbbsu ibcfde Jdifjzo jutxfjtfnfisobhfhfo ebobdi- Obtf efsxfjm jutxfjtfnfisobhfhfo fjotujhft hfhfo Tjfiu wpmm/ ebobdi- Bombtt [befsjoo Tjoo [befsjoo Tjfiu Bscfjutxfjtf/
tfmctu Tjoo Jepm; Jepm; Tjoo Bscfjutxfjtf/
tfmctu Jepm; bofiu bofiu Jepm; Bombtt
bofiu Tjoo ebobdi- ibcfde hfhfo wposdg4 Lsjujl
fjotujhft {vsfiu Jdifjzo
wpmm/ xfojh Bombtt Bombtt Tjfiu
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