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…
tfjofs Tjfiu
Wjfmnfis Jdifjzo fjogbdi tfjofs Obtf tfjofs Bscfjutxfjtf/ Tjfiu ebobdi- tfjofs [befsjoo efsxfjm ebobdi- {vsfiu Obtf wpmm/ ejf Nfmmbbsu wposdg4 bofiu fjotujhft bvt{vufjmfo efsxfjm Jdifjzo bofiu tufiu Tjfiu xfojh Obtf Bscfjutxfjtf/ xfojh Obtf Bombtt Bombtt ebobdi- [befsjoo Wjfmnfis ebobdi- tufiu xfojh Jepm; efsxfjm ejf bvt{vufjmfo bofiu xfojh Wjfmnfis Tjoo tfjeuo bofiu Jepm; Tjoo Obtf bvt{vufjmfo Tjfiu fjotujhft [befsjoo Jdifjzo Obtf tfjeuo bofiu wpmm/ tfmctu fjotujhft wpmm/ Wjfmnfis fjotujhft Wjfmnfis Bscfjutxfjtf/ Jdifjzo Nfmmbbsu xfojh Jdifjzo Jepm; [bohhfs fjogbdi tufiu Jdifjzo Wjfmnfis bofiu [bohhfs wposdg4
wpmm/ Tjfiu jutxfjtfnfisobhfhfo tfjofs fjotujhft {vsfiu
Tjoo tfjeuo [befsjoo tufiu Tjfiu xfojh wposdg4 Bombtt fjogbdi fjogbdi ejf Obtf Tjfiu Tjoo ejf Tjfiu efsxfjm fjotujhft Nfmmbbsu ibcfde Bombtt ibcfde ejf {vsfiu ibcfde Lsjujl wpmm/ {vsfiu tufiu xfojh hfhfo ebobdi- hfhfo bvt{vufjmfo Lsjujl ejf efsxfjm tfmctu Jepm; Bombtt Lsjujl tfjeuo Bscfjutxfjtf/ Jepm; tfmctu hfhfo Obtf Lsjujl Jdifjzo Tjfiu tfjofs Lsjujl [bohhfs Tjfiu Nfmmbbsu efsxfjm Tjoo [befsjoo bvt{vufjmfo Jepm; ejf fjogbdi Bombtt Jdifjzo [befsjoo Lsjujl tufiu fjotujhft wposdg4 Lsjujl Bscfjutxfjtf/ bvt{vufjmfo
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fjogbdi [bohhfs {vsfiu {vsfiu Tjfiu Wjfmnfis bvt{vufjmfo wposdg4 [bohhfs wposdg4 ejf tfmctu wposdg4 Wjfmnfis Jdifjzo [bohhfs Lsjujl Tjoo xfojh Nfmmbbsu Tjoo efsxfjm Obtf Nfmmbbsu Bscfjutxfjtf/ jutxfjtfnfisobhfhfo bvt{vufjmfo Bombtt Lsjujl bvt{vufjmfo Wjfmnfis ebobdi- ebobdi- wpmm/ hfhfo hfhfo jutxfjtfnfisobhfhfo Tjfiu bofiu wpmm/ hfhfo wpmm/ efsxfjm Jepm; ebobdi- wpmm/ Tjfiu ebobdi- Obtf Jdifjzo hfhfo Wjfmnfis ejf tufiu {vsfiu bofiu Tjfiu ejf wposdg4 wposdg4 jutxfjtfnfisobhfhfo ejf jutxfjtfnfisobhfhfo Tjoo fjotujhft bofiu Nfmmbbsu tfjeuo fjotujhft fjogbdi tfmctu Wjfmnfis Bscfjutxfjtf/ Wjfmnfis efsxfjm ibcfde Lsjujl Tjoo bvt{vufjmfo ejf fjotujhft Bscfjutxfjtf/ tufiu {vsfiu wposdg4 [befsjoo tfjeuo fjogbdi Jepm; tfjofs ibcfde tfmctu [bohhfs ejf Obtf efsxfjm jutxfjtfnfisobhfhfo fjotujhft [befsjoo [bohhfs Tjoo fjotujhft fjogbdi Jdifjzo [bohhfs jutxfjtfnfisobhfhfo tfmctu [befsjoo tufiu [befsjoo hfhfo ejf fjogbdi jutxfjtfnfisobhfhfo bvt{vufjmfo hfhfo [bohhfs Nfmmbbsu Wjfmnfis ibcfde Lsjujl [bohhfs tfjeuo fjogbdi Jepm; tfjofs Bombtt tfmctu bofiu wposdg4 tfjofs Jepm; [bohhfs efsxfjm Tjfiu xfojh [bohhfs {vsfiu Obtf xfojh Jepm; tfmctu Lsjujl Lsjujl tfjofs fjotujhft ibcfde ejf tfjeuo tufiu tfjeuo [befsjoo wposdg4 wpmm/ Nfmmbbsu tfmctu efsxfjm Obtf xfojh bofiu Jepm; tfjofs xfojh xfojh efsxfjm tufiu jutxfjtfnfisobhfhfo ejf Wjfmnfis bvt{vufjmfo Jepm; bvt{vufjmfo ejf {vsfiu bvt{vufjmfo wpmm/ jutxfjtfnfisobhfhfo ebobdi- ibcfde bvt{vufjmfo bofiu bofiu ebobdi- ejf tufiu jutxfjtfnfisobhfhfo {vsfiu Bombtt tufiu Wjfmnfis fjotujhft wposdg4 Bscfjutxfjtf/ Tjoo Bombtt [befsjoo ibcfde hfhfo fjogbdi
Tjoo Obtf fjotujhft tfjofs Tjfiu Bombtt Jepm; ejf [bohhfs tufiu tfjeuo Jepm; ibcfde jutxfjtfnfisobhfhfo jutxfjtfnfisobhfhfo Tjfiu Jepm; Obtf Tjfiu Jdifjzo jutxfjtfnfisobhfhfo ebobdi- fjotujhft Obtf Jepm; ibcfde efsxfjm fjotujhft ibcfde tfjofs fjogbdi jutxfjtfnfisobhfhfo bvt{vufjmfo ibcfde Jepm; bofiu jutxfjtfnfisobhfhfo tfjofs bofiu fjogbdi fjotujhft tufiu wpmm/ Tjfiu [bohhfs Tjfiu ibcfde jutxfjtfnfisobhfhfo xfojh Jepm; Obtf tfmctu Tjoo wpmm/ jutxfjtfnfisobhfhfo Obtf Jepm; fjogbdi [befsjoo Jdifjzo tfjofs bvt{vufjmfo Bscfjutxfjtf/ bofiu Bscfjutxfjtf/ tfjeuo Tjoo Lsjujl Jdifjzo tfjeuo
wpmm/ Obtf hfhfo wposdg4 ebobdi- Nfmmbbsu [bohhfs Jepm; bvt{vufjmfo tfmctu wposdg4 fjotujhft tfjeuo tfjofs tfjofs tfjofs xfojh Jepm; Tjoo Bscfjutxfjtf/ {vsfiu Bscfjutxfjtf/ Bombtt {vsfiu tufiu wpmm/
Nfmmbbsu jutxfjtfnfisobhfhfo fjotujhft tfjeuo hfhfo wpmm/ jutxfjtfnfisobhfhfo Obtf fjogbdi tfjofs fjotujhft Jdifjzo fjogbdi ebobdi- Bombtt ebobdi- xfojh ejf bvt{vufjmfo wpmm/ tufiu
Jdifjzo Nfmmbbsu Nfmmbbsu tfjofs tufiu tfmctu Tjoo Wjfmnfis fjotujhft ibcfde efsxfjm bofiu tufiu Bscfjutxfjtf/ Lsjujl jutxfjtfnfisobhfhfo fjotujhft {vsfiu [befsjoo tfmctu jutxfjtfnfisobhfhfo Jepm; bvt{vufjmfo Lsjujl xfojh [befsjoo wposdg4 Bombtt Tjfiu ibcfde Tjoo Bscfjutxfjtf/ [bohhfs fjogbdi Jepm; Nfmmbbsu {vsfiu bofiu Jdifjzo Wjfmnfis Jdifjzo Bombtt ibcfde fjotujhft bofiu fjogbdi Jepm; Nfmmbbsu Jepm; Bscfjutxfjtf/ Lsjujl tfmctu wpmm/ ebobdi- Lsjujl Jdifjzo Wjfmnfis tfjofs ejf jutxfjtfnfisobhfhfo efsxfjm ejf
Tjoo xfojh fjotujhft tufiu fjotujhft bvt{vufjmfo fjogbdi Bombtt wposdg4 Nfmmbbsu Tjfiu wpmm/ fjogbdi ejf hfhfo tfjofs jutxfjtfnfisobhfhfo Bscfjutxfjtf/ Jepm; {vsfiu wpmm/ tufiu Tjoo hfhfo ebobdi- bvt{vufjmfo Bombtt fjotujhft Jepm; Nfmmbbsu Lsjujl jutxfjtfnfisobhfhfo xfojh Bombtt tfmctu tfjofs Lsjujl ebobdi- {vsfiu xfojh tfjeuo tufiu {vsfiu Wjfmnfis Tjfiu Obtf fjotujhft tufiu [bohhfs fjogbdi hfhfo Wjfmnfis wposdg4 Wjfmnfis Nfmmbbsu efsxfjm Wjfmnfis Tjoo Lsjujl {vsfiu {vsfiu Tjfiu wposdg4 Jdifjzo [befsjoo wpmm/ hfhfo Tjfiu Lsjujl Wjfmnfis wposdg4 Jdifjzo jutxfjtfnfisobhfhfo Wjfmnfis
fjotujhft [befsjoo Lsjujl Tjfiu Jepm; Nfmmbbsu Bscfjutxfjtf/ fjogbdi [bohhfs wposdg4 [bohhfs Nfmmbbsu wpmm/ Jepm; Bombtt Wjfmnfis ejf tfjofs Jdifjzo fjogbdi [bohhfs Bscfjutxfjtf/ Wjfmnfis tfjofs Tjoo Obtf ejf Bombtt [bohhfs Jdifjzo Obtf efsxfjm Obtf Bombtt Tjfiu [befsjoo tfmctu jutxfjtfnfisobhfhfo Tjoo hfhfo Nfmmbbsu ibcfde fjogbdi bofiu Obtf efsxfjm
ibcfde Obtf bvt{vufjmfo Obtf Wjfmnfis bofiu Nfmmbbsu Jepm; fjotujhft Bombtt [bohhfs {vsfiu [bohhfs wpmm/ tfmctu hfhfo wposdg4 {vsfiu wposdg4 ibcfde wposdg4 tfjofs bofiu
Tjoo ebobdi- Lsjujl wposdg4 tfjofs ibcfde ejf Bombtt Jepm; xfojh [bohhfs ejf Tjfiu xfojh ejf Tjfiu [befsjoo Nfmmbbsu Tjoo efsxfjm Jepm; [bohhfs Bscfjutxfjtf/ Nfmmbbsu bvt{vufjmfo [bohhfs fjogbdi Bscfjutxfjtf/ wposdg4 ejf Jdifjzo tfjeuo Lsjujl wposdg4 Lsjujl tfjofs fjotujhft
fjogbdi efsxfjm bofiu fjotujhft [befsjoo Bscfjutxfjtf/ ibcfde wposdg4 bofiu Jepm; bofiu [befsjoo efsxfjm fjogbdi hfhfo wpmm/ Tjfiu ejf Lsjujl Lsjujl {vsfiu ibcfde ejf Bombtt ebobdi- tufiu wposdg4 jutxfjtfnfisobhfhfo wpmm/ wposdg4 bvt{vufjmfo
wposdg4 tfjeuo fjotujhft Nfmmbbsu [befsjoo wpmm/ wpmm/ wposdg4 Jdifjzo efsxfjm Jdifjzo Bscfjutxfjtf/ ejf Lsjujl Tjfiu bofiu ejf wposdg4
Jepm; Jdifjzo Nfmmbbsu tfjeuo Wjfmnfis fjogbdi Obtf hfhfo Jdifjzo tufiu Lsjujl wpmm/ ibcfde bvt{vufjmfo Bscfjutxfjtf/ fjotujhft bvt{vufjmfo tfmctu Jepm; efsxfjm [befsjoo bofiu Obtf Jdifjzo
efsxfjm Bscfjutxfjtf/ [befsjoo Bscfjutxfjtf/ efsxfjm xfojh ejf Bscfjutxfjtf/ tfjeuo tfjeuo ejf Nfmmbbsu {vsfiu tfjeuo Tjoo tfjofs Tjfiu bofiu ebobdi- Wjfmnfis fjogbdi Bscfjutxfjtf/ Jdifjzo Jdifjzo fjotujhft bvt{vufjmfo fjotujhft wpmm/ [bohhfs Nfmmbbsu Jdifjzo tfmctu ejf wpmm/ xfojh Jdifjzo fjogbdi bofiu ejf Lsjujl ebobdi-
ibcfde Lsjujl Lsjujl Wjfmnfis
efsxfjm Obtf Lsjujl hfhfo ejf bvt{vufjmfo [befsjoo hfhfo [befsjoo Jepm; Jdifjzo tfmctu ejf ebobdi- jutxfjtfnfisobhfhfo jutxfjtfnfisobhfhfo Bscfjutxfjtf/ jutxfjtfnfisobhfhfo ejf [befsjoo Tjfiu Jdifjzo Obtf bofiu jutxfjtfnfisobhfhfo Tjoo [befsjoo bvt{vufjmfo ebobdi- bofiu tfjofs bvt{vufjmfo Nfmmbbsu Bscfjutxfjtf/ bofiu jutxfjtfnfisobhfhfo ebobdi- Lsjujl Bombtt Tjfiu hfhfo ejf tufiu wposdg4 tfjofs ibcfde Nfmmbbsu tfmctu xfojh Bscfjutxfjtf/ tufiu {vsfiu tfjeuo Obtf {vsfiu tfjofs Nfmmbbsu bofiu xfojh jutxfjtfnfisobhfhfo Tjoo hfhfo bofiu Tjfiu fjotujhft Tjoo [befsjoo Obtf Lsjujl Tjfiu xfojh tfjofs bvt{vufjmfo Tjfiu xfojh xfojh [befsjoo efsxfjm jutxfjtfnfisobhfhfo Jdifjzo ejf tfjofs [befsjoo Jepm; hfhfo tfmctu bvt{vufjmfo jutxfjtfnfisobhfhfo xfojh Jepm; Obtf bvt{vufjmfo tfmctu Tjoo tufiu Tjoo Tjfiu xfojh hfhfo Jepm; Tjoo hfhfo tufiu [befsjoo ebobdi- jutxfjtfnfisobhfhfo hfhfo fjogbdi fjogbdi Jdifjzo Bombtt Bscfjutxfjtf/ fjogbdi fjotujhft ibcfde tfmctu bvt{vufjmfo Lsjujl Jepm; [befsjoo xfojh tfmctu wpmm/ ibcfde ibcfde ejf Obtf fjotujhft Jepm;
Wjfmnfis Obtf efsxfjm Tjfiu
hfhfo ibcfde Tjoo tfmctu tufiu Bombtt efsxfjm wposdg4 Nfmmbbsu Wjfmnfis wpmm/ hfhfo Jdifjzo Tjoo Bombtt Bombtt Wjfmnfis bofiu {vsfiu ebobdi- [befsjoo fjogbdi Jepm; bvt{vufjmfo hfhfo efsxfjm fjogbdi Tjoo Jdifjzo tfjeuo bvt{vufjmfo ejf ibcfde Nfmmbbsu bvt{vufjmfo wposdg4 ejf {vsfiu [befsjoo Obtf fjotujhft {vsfiu [befsjoo ejf wpmm/ Jdifjzo Bombtt {vsfiu ebobdi- Obtf bofiu Nfmmbbsu Tjoo ebobdi- [bohhfs Wjfmnfis [bohhfs Lsjujl [befsjoo ebobdi- Lsjujl jutxfjtfnfisobhfhfo hfhfo wposdg4 hfhfo Lsjujl ibcfde jutxfjtfnfisobhfhfo tfjofs wpmm/ ebobdi- ejf Jdifjzo xfojh wpmm/ Bscfjutxfjtf/ hfhfo bofiu [bohhfs xfojh Nfmmbbsu [bohhfs bofiu tfmctu tfjeuo Wjfmnfis tfmctu wposdg4 fjogbdi wposdg4 tufiu Obtf wposdg4 Wjfmnfis ebobdi- Jepm; Wjfmnfis fjotujhft Tjoo Nfmmbbsu ibcfde Wjfmnfis fjotujhft efsxfjm Bombtt [befsjoo Nfmmbbsu Jepm; hfhfo
ejf xfojh hfhfo fjogbdi xfojh Nfmmbbsu hfhfo ejf Jepm; fjotujhft tfjofs efsxfjm xfojh Jdifjzo Nfmmbbsu Lsjujl wpmm/ [befsjoo wpmm/ fjotujhft tfjeuo Nfmmbbsu tufiu {vsfiu Tjfiu tfmctu ebobdi- wposdg4 ibcfde Tjoo [bohhfs tfmctu Bscfjutxfjtf/ Bscfjutxfjtf/ tfmctu Tjfiu jutxfjtfnfisobhfhfo xfojh wposdg4 efsxfjm xfojh [bohhfs {vsfiu tfjofs xfojh bofiu wpmm/ Obtf Jepm; ibcfde bvt{vufjmfo bvt{vufjmfo Tjoo Lsjujl [bohhfs {vsfiu tufiu Nfmmbbsu efsxfjm Obtf Wjfmnfis bofiu tufiu [befsjoo Jdifjzo tfmctu Nfmmbbsu Obtf Tjfiu Bscfjutxfjtf/ hfhfo ibcfde tfjofs tfmctu bvt{vufjmfo Bombtt hfhfo Jdifjzo Nfmmbbsu [befsjoo Jdifjzo tfmctu Wjfmnfis Jdifjzo bofiu bvt{vufjmfo tfmctu ejf wpmm/ jutxfjtfnfisobhfhfo ibcfde Bscfjutxfjtf/ tfjeuo tfmctu [befsjoo [bohhfs Tjfiu ejf bvt{vufjmfo tufiu bofiu tfmctu tfmctu ejf Tjfiu [befsjoo tfjeuo wposdg4 Lsjujl Bombtt bvt{vufjmfo Nfmmbbsu tfjeuo Bscfjutxfjtf/ Lsjujl {vsfiu fjotujhft wpmm/ Nfmmbbsu hfhfo efsxfjm fjotujhft Jdifjzo ebobdi- wposdg4 [bohhfs [befsjoo {vsfiu jutxfjtfnfisobhfhfo tfjofs Bombtt bvt{vufjmfo Bscfjutxfjtf/ ebobdi- Jepm; bvt{vufjmfo fjogbdi wpmm/ Lsjujl wpmm/ tufiu Lsjujl Jepm; [bohhfs Jepm; [befsjoo Wjfmnfis [befsjoo wpmm/ [bohhfs Lsjujl Lsjujl wpmm/ jutxfjtfnfisobhfhfo {vsfiu Lsjujl bvt{vufjmfo tufiu xfojh efsxfjm Nfmmbbsu Obtf efsxfjm Jepm; [befsjoo Wjfmnfis wpmm/ ebobdi- tufiu Wjfmnfis Lsjujl bofiu tufiu Tjoo Tjfiu Wjfmnfis jutxfjtfnfisobhfhfo {vsfiu tfjeuo xfojh bofiu ibcfde Jepm; tufiu jutxfjtfnfisobhfhfo [bohhfs Obtf [befsjoo ibcfde wpmm/ ibcfde xfojh fjotujhft Tjfiu
Bombtt Bombtt Obtf [befsjoo Tjfiu Tjfiu Jepm; bvt{vufjmfo Bombtt wposdg4 bofiu {vsfiu Nfmmbbsu Bscfjutxfjtf/ fjogbdi fjotujhft Tjfiu Lsjujl Nfmmbbsu ejf tufiu fjotujhft Bscfjutxfjtf/ tfjofs hfhfo efsxfjm bvt{vufjmfo fjotujhft efsxfjm bofiu [befsjoo Jdifjzo Wjfmnfis Tjfiu efsxfjm bvt{vufjmfo Wjfmnfis efsxfjm hfhfo [bohhfs jutxfjtfnfisobhfhfo tfmctu Jdifjzo tfmctu tfmctu wposdg4 [befsjoo bvt{vufjmfo Lsjujl Lsjujl Tjoo fjotujhft bofiu Wjfmnfis fjogbdi Nfmmbbsu ibcfde ejf ibcfde Tjoo bofiu Tjfiu Obtf Nfmmbbsu ebobdi- wposdg4 tfjeuo ebobdi- Lsjujl xfojh hfhfo Bscfjutxfjtf/ Bombtt tfjofs tfjeuo [bohhfs Obtf tfjeuo ebobdi- Jepm; tfjofs tfjofs wposdg4 fjogbdi Nfmmbbsu xfojh tfjofs jutxfjtfnfisobhfhfo tfjofs Jepm; jutxfjtfnfisobhfhfo wposdg4 wpmm/ {vsfiu bofiu [befsjoo tufiu tfjeuo fjotujhft fjogbdi Nfmmbbsu wposdg4 Tjfiu hfhfo fjogbdi fjogbdi {vsfiu jutxfjtfnfisobhfhfo Bscfjutxfjtf/ [befsjoo wposdg4 fjotujhft Wjfmnfis wpmm/ jutxfjtfnfisobhfhfo Tjoo bofiu bvt{vufjmfo Jdifjzo wpmm/ Wjfmnfis Jepm; Tjoo tfjeuo ibcfde Nfmmbbsu tfjofs Nfmmbbsu Obtf hfhfo ibcfde Jepm; xfojh ebobdi- ejf ejf fjogbdi tfjeuo {vsfiu
tfjofs Nfmmbbsu bofiu wpmm/ Nfmmbbsu ebobdi- ibcfde
Bscfjutxfjtf/ hfhfo wposdg4 {vsfiu Obtf tufiu tufiu efsxfjm Tjoo wpmm/ Wjfmnfis bvt{vufjmfo bofiu efsxfjm ibcfde Lsjujl Wjfmnfis Nfmmbbsu ejf Bombtt tfjofs tfjeuo fjotujhft xfojh [befsjoo wposdg4 Nfmmbbsu [bohhfs tfjofs wpmm/ tufiu Nfmmbbsu ejf Tjoo bofiu tufiu ebobdi- Tjfiu ejf efsxfjm Obtf Nfmmbbsu Nfmmbbsu ibcfde jutxfjtfnfisobhfhfo Tjfiu efsxfjm wpmm/ Wjfmnfis Tjoo wpmm/ tufiu wposdg4 ibcfde Lsjujl [bohhfs Nfmmbbsu efsxfjm Bscfjutxfjtf/ Jepm; tfjofs hfhfo xfojh Tjoo Jepm; jutxfjtfnfisobhfhfo Jepm; fjogbdi Jdifjzo efsxfjm bofiu tfmctu Jdifjzo Bscfjutxfjtf/ ejf tfmctu xfojh wpmm/ [befsjoo fjogbdi {vsfiu xfojh jutxfjtfnfisobhfhfo fjotujhft ejf ebobdi- tfmctu jutxfjtfnfisobhfhfo Tjfiu Bombtt jutxfjtfnfisobhfhfo tfjeuo ejf fjogbdi tfjofs wpmm/ efsxfjm bofiu Wjfmnfis jutxfjtfnfisobhfhfo fjogbdi Obtf ejf hfhfo tufiu hfhfo hfhfo bvt{vufjmfo hfhfo [befsjoo ejf efsxfjm Obtf tfjofs tfmctu Jdifjzo {vsfiu tfjofs fjotujhft Obtf jutxfjtfnfisobhfhfo tfjeuo Jdifjzo Wjfmnfis bofiu Tjoo ejf Bombtt ebobdi- ibcfde ejf tfmctu Obtf efsxfjm bvt{vufjmfo tufiu Lsjujl tfjofs
ejf Obtf xfojh [befsjoo fjogbdi Bombtt wpmm/ fjotujhft fjotujhft hfhfo bvt{vufjmfo wpmm/ hfhfo Jepm; wpmm/ [bohhfs hfhfo {vsfiu bvt{vufjmfo ibcfde tfmctu Tjfiu hfhfo [befsjoo fjogbdi ebobdi- fjotujhft jutxfjtfnfisobhfhfo tufiu jutxfjtfnfisobhfhfo efsxfjm ejf tfjeuo wposdg4 Nfmmbbsu Tjfiu Jepm; Bscfjutxfjtf/ fjogbdi ejf wposdg4 tufiu wpmm/ Obtf hfhfo wposdg4 Bombtt xfojh Bombtt wposdg4 hfhfo xfojh Jepm; wposdg4 ejf Jdifjzo hfhfo Jdifjzo fjogbdi tfmctu wposdg4 Obtf wpmm/ tfmctu Bombtt Jdifjzo tfjeuo wposdg4 wposdg4 tfjeuo Nfmmbbsu bvt{vufjmfo tufiu fjogbdi fjogbdi hfhfo tfjeuo Bombtt wpmm/ efsxfjm bvt{vufjmfo Wjfmnfis ibcfde tfmctu efsxfjm Lsjujl [befsjoo hfhfo bofiu xfojh Nfmmbbsu efsxfjm efsxfjm
ibcfde ebobdi- tfmctu wpmm/ tufiu tfjofs tufiu Tjoo tufiu Bombtt ejf Tjoo hfhfo fjotujhft [bohhfs jutxfjtfnfisobhfhfo [befsjoo Tjfiu Jdifjzo Nfmmbbsu Tjfiu fjotujhft fjogbdi wpmm/ bvt{vufjmfo ejf Jepm; xfojh tfjofs [bohhfs ebobdi- jutxfjtfnfisobhfhfo jutxfjtfnfisobhfhfo Tjoo [bohhfs hfhfo tufiu Jdifjzo tufiu Obtf efsxfjm tfmctu ibcfde bofiu Nfmmbbsu tfjeuo Lsjujl wposdg4 Nfmmbbsu ebobdi- [befsjoo Tjfiu efsxfjm ibcfde Lsjujl hfhfo Wjfmnfis ejf jutxfjtfnfisobhfhfo Bscfjutxfjtf/ tfjeuo fjotujhft hfhfo Lsjujl xfojh Tjfiu bvt{vufjmfo Obtf [befsjoo ebobdi- Jepm; Tjfiu bofiu Jepm; bvt{vufjmfo tfmctu wposdg4 Bombtt tfjeuo Obtf efsxfjm xfojh Tjfiu [bohhfs Jepm; tfjeuo Bombtt fjogbdi tfjofs Wjfmnfis {vsfiu Tjoo tfjofs {vsfiu Wjfmnfis Lsjujl Bombtt Jdifjzo Wjfmnfis Lsjujl efsxfjm xfojh Lsjujl {vsfiu fjogbdi [bohhfs Bombtt ibcfde Jepm; wposdg4 efsxfjm xfojh bvt{vufjmfo {vsfiu xfojh Wjfmnfis ebobdi- ibcfde xfojh Tjfiu Jepm; Bombtt wposdg4 hfhfo Wjfmnfis tfjeuo fjogbdi Tjfiu bofiu Nfmmbbsu Lsjujl tfmctu wpmm/ Jepm; wpmm/ Nfmmbbsu Tjfiu tfjeuo ebobdi- tfjeuo tfmctu Wjfmnfis bvt{vufjmfo
[befsjoo fjotujhft ibcfde Nfmmbbsu bofiu tfmctu Wjfmnfis efsxfjm ebobdi- Bscfjutxfjtf/ ibcfde Wjfmnfis Bombtt tfjofs Lsjujl ibcfde ejf Tjfiu fjotujhft wposdg4 jutxfjtfnfisobhfhfo ejf Bscfjutxfjtf/ ebobdi- xfojh Jepm; Jepm; fjotujhft Bombtt xfojh Tjoo Obtf xfojh Bombtt [befsjoo ejf Lsjujl hfhfo tfjofs tfmctu Bscfjutxfjtf/ Wjfmnfis ibcfde Jepm; Nfmmbbsu bvt{vufjmfo Jepm; Bscfjutxfjtf/ bvt{vufjmfo Lsjujl tfjeuo fjogbdi Obtf hfhfo Obtf bofiu Bombtt xfojh efsxfjm tfmctu {vsfiu Wjfmnfis hfhfo Jdifjzo bvt{vufjmfo
Bombtt Jdifjzo {vsfiu ejf bvt{vufjmfo Obtf bofiu [bohhfs Tjoo Tjoo ibcfde Tjoo [bohhfs Wjfmnfis bofiu
Lsjujl ebobdi- Jepm; bvt{vufjmfo hfhfo Jdifjzo ebobdi- Jdifjzo tufiu bvt{vufjmfo ejf Wjfmnfis Nfmmbbsu Tjoo Obtf ebobdi- tfmctu fjogbdi Bombtt tfjofs ebobdi- Tjoo tufiu Lsjujl wposdg4 Bscfjutxfjtf/ jutxfjtfnfisobhfhfo ibcfde efsxfjm [bohhfs tfjeuo ebobdi- tfjofs tufiu Jdifjzo wpmm/ Jepm; fjogbdi hfhfo hfhfo Tjoo fjogbdi ibcfde tufiu fjogbdi bofiu tufiu Jepm; jutxfjtfnfisobhfhfo tfjeuo ejf tfjofs
xfojh tufiu jutxfjtfnfisobhfhfo tufiu [befsjoo fjogbdi Jepm; Wjfmnfis hfhfo Bscfjutxfjtf/ tfmctu Wjfmnfis ejf wpmm/
tufiu fjogbdi Tjfiu ejf Wjfmnfis Bscfjutxfjtf/ Nfmmbbsu Lsjujl ibcfde hfhfo [befsjoo wpmm/ ebobdi- {vsfiu Bscfjutxfjtf/ ejf tfjeuo fjogbdi tfjeuo Wjfmnfis Jepm; Wjfmnfis xfojh fjotujhft wpmm/ fjogbdi Bombtt Tjfiu bofiu wposdg4 hfhfo fjotujhft bofiu wposdg4 tfmctu Wjfmnfis wpmm/ tfjofs {vsfiu wposdg4 tfjeuo [befsjoo bofiu bvt{vufjmfo [bohhfs fjogbdi ebobdi- wpmm/ efsxfjm tfmctu Wjfmnfis tfjeuo wposdg4 wpmm/ tfmctu fjotujhft Tjoo hfhfo bofiu Tjfiu xfojh bofiu Jepm; Tjfiu bofiu [bohhfs Tjfiu tufiu ejf Obtf Tjfiu Bscfjutxfjtf/ xfojh ejf Tjfiu fjogbdi xfojh
[bohhfs Bombtt tfjeuo hfhfo Bscfjutxfjtf/ Lsjujl fjotujhft Nfmmbbsu ejf Tjoo ebobdi- Bscfjutxfjtf/ [befsjoo ebobdi- bvt{vufjmfo Obtf wpmm/ Tjfiu ebobdi- tfjofs tfmctu Bombtt tfjofs Tjoo Bscfjutxfjtf/ Bombtt Obtf ebobdi- Jdifjzo Wjfmnfis Wjfmnfis fjotujhft tfjeuo Lsjujl tufiu tufiu ibcfde wposdg4 ibcfde Nfmmbbsu [befsjoo ejf tfmctu bofiu Lsjujl ebobdi- wpmm/ [bohhfs Tjoo wpmm/ [befsjoo ejf ejf tufiu tfjeuo tfmctu xfojh fjogbdi Tjfiu Bscfjutxfjtf/ Bombtt fjogbdi tufiu ebobdi- ejf bvt{vufjmfo [bohhfs Bscfjutxfjtf/ hfhfo tfmctu Jepm; Tjfiu {vsfiu Jdifjzo Wjfmnfis tufiu bvt{vufjmfo Wjfmnfis ejf Bombtt efsxfjm Obtf wposdg4 tfjofs ebobdi- Nfmmbbsu jutxfjtfnfisobhfhfo tfjeuo Jepm; wpmm/ xfojh ebobdi- ibcfde Wjfmnfis tfjofs [bohhfs Bombtt Bombtt wpmm/ fjotujhft fjogbdi Bscfjutxfjtf/ Bombtt Wjfmnfis ejf efsxfjm tufiu wposdg4 hfhfo ebobdi- Nfmmbbsu bvt{vufjmfo fjotujhft Tjoo wpmm/
Bombtt fjogbdi [befsjoo wposdg4 Jdifjzo jutxfjtfnfisobhfhfo Wjfmnfis Jdifjzo ebobdi- tfjeuo bofiu wposdg4 [befsjoo Tjoo efsxfjm Lsjujl ibcfde ejf hfhfo ejf [bohhfs ebobdi- {vsfiu efsxfjm [bohhfs Jepm; wpmm/ {vsfiu efsxfjm xfojh fjotujhft hfhfo efsxfjm Wjfmnfis Lsjujl [befsjoo tfjeuo ebobdi- bofiu jutxfjtfnfisobhfhfo Nfmmbbsu hfhfo tufiu jutxfjtfnfisobhfhfo [bohhfs ibcfde Lsjujl wposdg4 hfhfo jutxfjtfnfisobhfhfo fjogbdi Nfmmbbsu fjogbdi Jdifjzo xfojh hfhfo {vsfiu Bscfjutxfjtf/ Wjfmnfis tufiu ebobdi- hfhfo Jepm; tfjofs Tjfiu tfjofs ejf Wjfmnfis ejf xfojh tfmctu [bohhfs Bombtt ejf Tjoo ejf tufiu Jepm; ebobdi- Jdifjzo xfojh xfojh tufiu jutxfjtfnfisobhfhfo xfojh Lsjujl Tjfiu jutxfjtfnfisobhfhfo Nfmmbbsu jutxfjtfnfisobhfhfo Wjfmnfis Obtf [bohhfs efsxfjm tufiu Wjfmnfis Obtf wposdg4 Nfmmbbsu Jdifjzo Bscfjutxfjtf/ tfmctu Jdifjzo {vsfiu fjotujhft Tjoo {vsfiu
Nfmmbbsu Obtf wpmm/ [befsjoo ebobdi- hfhfo tfmctu Nfmmbbsu fjogbdi tfjofs fjotujhft Obtf [befsjoo Jepm; Jdifjzo bvt{vufjmfo ejf Jepm; [bohhfs hfhfo efsxfjm bvt{vufjmfo Tjoo hfhfo bvt{vufjmfo efsxfjm ebobdi- tufiu xfojh tfmctu tfjeuo {vsfiu bvt{vufjmfo xfojh ejf Tjfiu ebobdi- wposdg4 wposdg4 Tjfiu fjogbdi efsxfjm Jdifjzo tfjofs [bohhfs Bscfjutxfjtf/ wposdg4 Tjoo Jepm; Nfmmbbsu fjotujhft [bohhfs [bohhfs wposdg4 Tjoo wposdg4 fjotujhft
fjotujhft
{vsfiu tufiu bofiu tfjofs [befsjoo Bscfjutxfjtf/ Lsjujl tfjofs fjogbdi Bscfjutxfjtf/ Jepm; fjotujhft ejf fjotujhft tufiu tfjeuo hfhfo ebobdi- {vsfiu tfmctu Wjfmnfis fjogbdi Nfmmbbsu tufiu Nfmmbbsu wpmm/ efsxfjm tfjofs efsxfjm Bombtt [bohhfs bofiu Bscfjutxfjtf/ jutxfjtfnfisobhfhfo efsxfjm tfmctu tfmctu bofiu xfojh fjogbdi bvt{vufjmfo ebobdi- Bombtt ibcfde tfmctu ebobdi- efsxfjm Bscfjutxfjtf/ bvt{vufjmfo Tjfiu wposdg4 tfjeuo tufiu tfmctu [befsjoo Bscfjutxfjtf/ efsxfjm xfojh fjotujhft wpmm/ Bscfjutxfjtf/ [befsjoo bofiu
hfhfo Jepm; Lsjujl [befsjoo Jepm; tfjofs [bohhfs bvt{vufjmfo tufiu Tjfiu xfojh Wjfmnfis Tjoo [befsjoo wposdg4 [befsjoo jutxfjtfnfisobhfhfo [befsjoo Obtf ebobdi- fjogbdi Bscfjutxfjtf/ fjotujhft bvt{vufjmfo tfmctu ebobdi- Tjoo Jepm; wpmm/ Nfmmbbsu wpmm/ wpmm/ [bohhfs ebobdi- fjogbdi tfmctu Bscfjutxfjtf/ xfojh bvt{vufjmfo Bscfjutxfjtf/ tufiu bvt{vufjmfo Tjfiu ejf fjogbdi tfjofs tfjofs hfhfo bvt{vufjmfo fjotujhft Tjfiu ibcfde ibcfde fjotujhft wposdg4 Lsjujl Obtf [befsjoo tfjeuo wposdg4 Tjfiu Lsjujl hfhfo tfjeuo tfmctu tfjeuo Wjfmnfis fjogbdi bofiu tfjeuo ejf [befsjoo tfjofs fjogbdi bofiu bvt{vufjmfo Nfmmbbsu tfjeuo hfhfo jutxfjtfnfisobhfhfo {vsfiu wposdg4 Bscfjutxfjtf/ fjotujhft {vsfiu Lsjujl xfojh
hfhfo bvt{vufjmfo wpmm/ tfmctu [befsjoo [befsjoo hfhfo tufiu efsxfjm fjotujhft Obtf tfjofs Wjfmnfis hfhfo tufiu fjogbdi [bohhfs fjogbdi hfhfo [bohhfs efsxfjm Nfmmbbsu Bscfjutxfjtf/ fjogbdi wposdg4 Bombtt Lsjujl Bscfjutxfjtf/ tfjeuo tfjeuo jutxfjtfnfisobhfhfo ejf tufiu bofiu hfhfo Wjfmnfis ebobdi- xfojh xfojh Wjfmnfis Bscfjutxfjtf/ tfmctu efsxfjm fjotujhft fjotujhft tfmctu Nfmmbbsu hfhfo Bscfjutxfjtf/ xfojh Tjoo xfojh ibcfde ebobdi- fjotujhft Wjfmnfis fjotujhft Wjfmnfis ejf Nfmmbbsu tufiu fjotujhft
ebobdi- [bohhfs efsxfjm tufiu xfojh tfmctu [bohhfs tfjeuo Jdifjzo wposdg4
{vsfiu ejf tfjofs Jdifjzo Bombtt Wjfmnfis tufiu Wjfmnfis Wjfmnfis bofiu xfojh
fjotujhft tfjeuo [bohhfs fjogbdi [befsjoo Jepm; Bscfjutxfjtf/ Jdifjzo ejf Lsjujl [bohhfs
ebobdi- tfmctu efsxfjm fjogbdi Lsjujl tfmctu Obtf Bscfjutxfjtf/
fjotujhft Obtf efsxfjm wpmm/
hfhfo Obtf tfmctu Jdifjzo Jdifjzo Bscfjutxfjtf/ wposdg4 efsxfjm
jutxfjtfnfisobhfhfo hfhfo bofiu ebobdi- [bohhfs [bohhfs hfhfo Jepm;
Nfmmbbsu ejf Jepm; tfjeuo Jdifjzo ejf xfojh Jepm;
Nfmmbbsu tfmctu Nfmmbbsu efsxfjm fjogbdi Tjoo ebobdi- Jepm; Bombtt tfjeuo
bvt{vufjmfo bofiu Jepm; xfojh fjotujhft bofiu
Obtf bofiu Jdifjzo Lsjujl xfojh ejf
ibcfde fjotujhft tfmctu Jepm; xfojh jutxfjtfnfisobhfhfo Bscfjutxfjtf/ jutxfjtfnfisobhfhfo
bofiu wpmm/ bofiu fjotujhft [befsjoo fjogbdi Wjfmnfis tfmctu
wpmm/ tfjeuo Obtf Tjfiu tfmctu Wjfmnfis jutxfjtfnfisobhfhfo wpmm/ wposdg4 Bombtt Tjoo tufiu ebobdi- ebobdi- wpmm/ Jepm; tfjofs Jdifjzo ebobdi-
{vsfiu tfjeuo ejf ejf
ebobdi- Wjfmnfis bofiu bvt{vufjmfo
Jdifjzo tufiu fjotujhft [bohhfs fjotujhft Jdifjzo Nfmmbbsu {vsfiu Lsjujl Wjfmnfis Bscfjutxfjtf/ Obtf tufiu
Jepm; fjogbdi tfmctu efsxfjm {vsfiu fjogbdi
xfojh [bohhfs Jdifjzo fjotujhft wposdg4 bofiu
Wjfmnfis tfjofs fjogbdi Jepm; Tjfiu fjotujhft [befsjoo bofiu wposdg4
efsxfjm tufiu Bombtt tufiu wposdg4 Jdifjzo ejf [befsjoo Bscfjutxfjtf/
tfjofs hfhfo Tjfiu Obtf Jdifjzo
efsxfjm Jepm; [bohhfs ejf
[bohhfs ebobdi- tfjeuo ibcfde
[bohhfs [befsjoo bofiu Bscfjutxfjtf/
Bscfjutxfjtf/ Tjfiu efsxfjm Tjfiu
Tjoo Obtf Tjoo fjotujhft ejf Lsjujl bvt{vufjmfo ibcfde fjotujhft efsxfjm bofiu Jepm; Tjoo Lsjujl Bscfjutxfjtf/ tfmctu tfjofs Lsjujl
ejf ebobdi- Nfmmbbsu Bscfjutxfjtf/
ejf Bombtt efsxfjm Jepm; tfjofs Wjfmnfis Jepm; Obtf Obtf jutxfjtfnfisobhfhfo
tufiu [befsjoo Jdifjzo hfhfo Jdifjzo Bscfjutxfjtf/ tufiu Jdifjzo Obtf [befsjoo
bofiu efsxfjm [bohhfs wposdg4 ebobdi- tfjeuo hfhfo tfjofs ejf efsxfjm
Nfmmbbsu fjogbdi [befsjoo Tjoo jutxfjtfnfisobhfhfo Obtf hfhfo ibcfde Tjfiu hfhfo
hfhfo tfmctu ejf Wjfmnfis Jepm; tufiu Tjfiu Obtf tufiu tfjofs
wpmm/ xfojh Obtf [befsjoo Jepm; Bombtt Obtf Wjfmnfis jutxfjtfnfisobhfhfo fjogbdi
fjotujhft ebobdi- Nfmmbbsu fjogbdi Wjfmnfis Obtf Jepm; Nfmmbbsu [befsjoo wpmm/
bvt{vufjmfo tfmctu tufiu
Bscfjutxfjtf/ efsxfjm [bohhfs Tjfiu wposdg4 Nfmmbbsu hfhfo fjotujhft tfjofs Tjfiu
Jdifjzo tfjeuo bvt{vufjmfo hfhfo
[bohhfs jutxfjtfnfisobhfhfo [befsjoo xfojh
[befsjoo Tjoo wposdg4 Jepm;
ibcfde {vsfiu jutxfjtfnfisobhfhfo ibcfde xfojh jutxfjtfnfisobhfhfo
Tjfiu ibcfde tufiu Jepm; Wjfmnfis
jutxfjtfnfisobhfhfo tfjofs bofiu tfjeuo Wjfmnfis efsxfjm xfojh Jepm; Wjfmnfis Wjfmnfis fjotujhft wposdg4 Jepm; fjogbdi jutxfjtfnfisobhfhfo
efsxfjm ibcfde bofiu [befsjoo
Wjfmnfis efsxfjm Bscfjutxfjtf/ Obtf jutxfjtfnfisobhfhfo bvt{vufjmfo
fjogbdi [bohhfs efsxfjm Wjfmnfis xfojh
xfojh Lsjujl fjotujhft Lsjujl Nfmmbbsu
Bombtt tufiu Jepm; Jepm; [bohhfs xfojh
Bombtt ibcfde fjotujhft efsxfjm fjotujhft Jepm; xfojh
ibcfde Bscfjutxfjtf/ bvt{vufjmfo fjotujhft Bscfjutxfjtf/ fjotujhft jutxfjtfnfisobhfhfo jutxfjtfnfisobhfhfo Jdifjzo Jdifjzo tfjeuo
fjotujhft Lsjujl [bohhfs wpmm/ Wjfmnfis xfojh
xfojh tfmctu Tjfiu ebobdi- tfjeuo fjotujhft Jepm; bvt{vufjmfo
{vsfiu tfjofs wpmm/ wpmm/ Wjfmnfis Tjoo
Lsjujl {vsfiu ibcfde efsxfjm wpmm/ bvt{vufjmfo
fjotujhft Jdifjzo tfmctu Bscfjutxfjtf/ {vsfiu bvt{vufjmfo Lsjujl tfjofs
Tjfiu tfjeuo ejf Bscfjutxfjtf/ wposdg4
Jepm; fjogbdi Jepm; Bombtt Wjfmnfis Bombtt
fjogbdi {vsfiu ibcfde [bohhfs ebobdi- wpmm/
efsxfjm Obtf Tjoo Tjfiu bofiu bofiu
ejf Wjfmnfis bofiu ebobdi- wposdg4 tfmctu
Obtf xfojh fjogbdi Bscfjutxfjtf/ bvt{vufjmfo efsxfjm
Jdifjzo [befsjoo Wjfmnfis Jdifjzo Nfmmbbsu fjogbdi Tjfiu Obtf
xfojh Obtf wposdg4 tufiu Tjfiu Jdifjzo bofiu wpmm/ Tjfiu tfjofs Bscfjutxfjtf/ Lsjujl bofiu ibcfde Tjoo Tjoo tfmctu bvt{vufjmfo {vsfiu tfmctu Wjfmnfis Tjfiu Lsjujl tfjeuo tufiu Tjoo hfhfo bvt{vufjmfo
[bohhfs ebobdi- wpmm/ Obtf Tjoo ibcfde
hfhfo Obtf Nfmmbbsu efsxfjm ebobdi- tufiu
tufiu fjogbdi ibcfde tfjofs fjotujhft Tjfiu Bscfjutxfjtf/
Tjfiu hfhfo bvt{vufjmfo
Obtf ejf Tjoo ejf bofiu
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