(10 2)(57$6 9É/,'$6 $3(1$6 3$5$ $6 /2-$6 '( 0$1$86 9$/,'$'( $ 28 $17(6 2&255(1'2 2 7e50,12 '2 (67248(
7DEOHW $SSOH ,SDG * * %5
*% '( 0(0Ð5,$ %/8(7227+
:, ),
&2035$ 3527(*,'$
5
352'872 $87È17,&2
*DUDQWLD GR IDEULFDQWH DQR 3URFHV $SSOH $ 'XDO&RUH 0 6LVW 2SHU $SSOH L26 0HP 5$0 0 7HOD /&' /(' ,36 &kP 3UL 6HF 0 9*$ $FHVVyULRV FDER 86% $FHVVyULRV FDUUHJDGRU %DWHULD XVR 6WE\ K K
*% '( 0(0Ð5,$
* *36
%/8(7227+
:, ),
&2035$ 3527(*,'$
5
*%
+' *%
$ YHQGD GD *DUDQWLD ([WUD %HPRO p H[FOXVLYD SDUD SHVVRD ItVLFD
$ 9LVWD 5 [ [ 5 VHP MXURV *DUDQWLD GR IDEULFDQWH DQR &RQH[}HV ZLUHOHVV ZL IL EOXHW /HLWRU &DUWmR 86% 8QLGDGH yWLFD JUDYDGRU &' '9' 'LIHUHQFLDO DXWRQRPLD DWp K &RQVXPR Pi[ .Z K : 6LVW 2SHU 0DF26 ; 6QRZ $12 5
WLD *DUDQ
$
(;75
$126 5
:(%&$0
&2035$ 3527(*,'$
5
3& +(/3 5
*% '( 0(0Ð5,$
* *36
%/8(7227+
:, ),
9(/2&,'$'(
9(/2&,'$'(
*%
*%
+' *%
+' *%
.*
.*
9(/2&,'$'(
1RWHERRN $SSOH 0DFERRN :KLWH 0& %=
352'872 $87È17,&2
03 $SSOH ,SRG 6KXIIOH 0& %= 35 2)
$ 9LVWD 5 [ [ 5 VHP MXURV RX HQWUDGD 5 [ 5 7RWDO D SUD]R 5 *DUDQWLD GR IDEULFDQWH DQR )RUPDWRV FRPSDWtYHLV 03 $$& /X] GH IXQGR &RQH[mR 86% $OLPHQWDomR EDWHULD UHFDUUHJiYHO $XWRQRPLD DSUR[LPDGD DWp K
1RWHERRN /* & * %* 3 37
$12 5
$
(;75
*+=
*%
$ 9LVWD 5 [ [ 5 VHP MXURV
WLD *DUDQ
9(/2&,'$'(
$ 9LVWD 5 [ [ 5 VHP MXURV *DUDQWLD GR IDEULFDQWH DQR &RQH[mR :L )L :LUHOHVV
8QLGDGH yWLFD JUDYDGRU &' '9' /HLWRU FDUWmR PHPyULD SRUWDV 86% %DWHULD 7LSR FpOXODV $XWRQRPLD GD EDWHULD $Wp K
5
1RWHERRN ,WDXWHF ,QIRZD\ : 37
&2035$ 3527(*,'$
5
&2035$ 3527(*,'$
*DUDQWLD GR IDEULFDQWH DQR 3URFHV $SSOH $ 'XDO&RUH 0 6LVW 2SHU $SSOH L26 0HP 5$0 0 7HOD /&' /(' ,36 &kP 3UL 6HF 0 9*$ $FHVVyULRV FDER 86% $FHVVyULRV FDUUHJDGRU %DWHULD 8VR 6WE\ K K
*+=
*+=
352'872 $87È17,&2
*+=
$ 9LVWD 5 [ [ 5 VHP MXURV
*DUDQWLD GR IDEULFDQWH DQR 0HP 5$0 ,QWHUQD 0 *% 7HOD /&' /(' ,36 &kP 3UL 6HF 0 9*$ $FHVVyULRV FDER 86% $FHVVyULRV FDUUHJDGRU %DWHULD 8VR 6WE\ K K 3URFHV $SSOH $ 'FRUH 0K] 6LVW 2SHU $SSOH ,RV
*%
352'872 $87È17,&2
$ 9LVWD 5 [ [ 5 VHP MXURV
$ 9LVWD 5 [ [ 5 VHP MXURV 352'872 $87È17,&2
7DEOHW $SSOH ,SDG * * 37
&2035$ 3527(*,'$
$126 5
5
3& +(/3
*DUDQWLD GR IDEULFDQWH DQR &RQH[}HV :LUHOHVV :L )L %OXHWRWK /HLWRU &DUWmR 86% 8QLGDGH yWLFD JUDYDGRU '9' &' :HEFDP +'0, 0S[ 6: 3URGXWLYLGDGH RIILFH 6: DQWLYtUXV 9DOLGDGH 0LF 6( 'LIHUHQFLDO $Wp K &RQVXPR Pi[ .: K :
5
$12 5
DQWLD
*DU 75$
(;
$126 5
1RWHERRN 6RQ\ 9DLR +' *% 93&<% $% 3 52
.*
$ 9LVWD 5 [ [ 5 VHP MXURV &2035$ 3527(*,'$
5
3& +(/3 5
*DUDQWLD GR IDEULFDQWH DQRV &RQH[mR :L )L :LUHOHVV
/HLWRU FDUWmR PHPyULD 7HOD /(' 3URFHV $0' 'XDO &RUH ( SRUWDV 86% %DWHULD 7LSR ÌRQ GH /tWLR $XWRQRPLD GD EDWHULD $Wp K
)RWRV PHUDPHQWH LOXVWUDWLYDV
7DEOHW $SSOH ,SDG * :,), %5 2)
(&2120,$ 72'26 26 352'8726 '(67( (1&$57( (67®2 &20 35(d26 35202&,21$,6 ( 6,1$/,=$'26 1$6 /2-$6 &20 80$ (7,48(7$ $0$5(/$ 6,1$/,=$'26 1$6 /2-$6 &20 80$ (7,48(7$ $0$5(/$
$ %(02/ (67É 1$6 5('(6 62&,$,6 #EHPRORQOLQH *XLWDUUD 3 3V 0XOWLODVHU 6 )LR -6
/RMDV %HPRO $ 3$57,5 '( $126
ZZZ EHPRO FRP EU 6,*$ 126 ( ),48( 325 '(1752 '( 126626 /$1d$0(1726 ( 35202d¯(6
.LW 9RODQWH 0D[SULQW 3 3V 5DFLQJ *DUDQWLD GR IDEULFDQWH DQR &RPSDWtYHO FRP 3OD\VWDWLRQ 9RODQWH FRP PDQRSOD HPERUUDFKDGD $ 9LVWD 5 [ [ 5 VHP MXURV %RW}HV / H 5 FXVWRPL]DGRV $QWLGHVOL]DQWH RX HQWUDGD 5 5RWDomR GH JUDXV [ 5 0RWRUHV LQWHUQRV SDUD Pi[LPD YLEUDomR 7RWDO D SUD]R 5
9tGHR *DPH 6RQ\ 3OD\VWDWLRQ 6&3+
$ 9LVWD 5 [ [ 5 VHP MXURV *DUDQWLD GR IDEULFDQWH DQR RX HQWUDGD 5 *rQHUR PDVFXOLQR )HPLQLQR [ 5 $OLPHQWDomR HQHUJLD 7RWDO D SUD]R 5 9ROWDJHP ELYROW DXWRPiWLFR
$ 9LVWD 5 [ [ 5 VHP MXURV RX HQWUDGD 5 [ 5 7RWDO D SUD]R 5 *DUDQWLD GR IDEULFDQWH DQR 7HFQRORJLD VHP ILR $OFDQFH P $OoD DMXVWiYHO ,GHDO SDUD *XLWDU +HUR H 5RFN %DQG
*$5$17,$ '( 6$7,6)$d®2 35(),5$ $ 6(*85$1d$ '( 48(0 *$5$17( 2 48( 9(1'(
$ 3$57,5 '( $12 $ 3$57,5 '( $126
&DUUUR 6DUFRS &5 3RZHUIXOO &+7 &
$ 9LVWD 5 [ [ 5 VHP MXURV
0DWHULDO SOiVWLFR 3HUVRQDJHP ; VWHHO $FHVVyULRV
&DUUR 6DUFRS &5 *LURV &+7 &
&DUUR 6DUFRS 5& 7UDFN 5XQJHU 4;
$ 9LVWD 5 [ [ 5 VHP MXURV
$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5
$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5
$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5
0DWHULDO SOiVWLFR 3HUVRQDJHP 3RZHUIXOO $FHVVyULRV
0DWHULDO SOiVWLFR 3HUVRQDJHP )LDW $FHVVyULRV
0DWHULDO SOiVWLFR 3HUVRQDJHP UDQJHU $FHVVyULRV
0DWHULDO SOiVWLFR 3HUVRQDJHP *LURV $FHVVyULRV
&DUUR 6DUFRS ;6 5& 6SR : $ &+7
&DUUR 6DUFRS &5 )LDW & &
$ 3$57,5 $12
'( $ $126
%ULQTXHGR 0DJLF 7R\V &R]LQKD 0iJLFD 52
$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5
%DUXOKLQKR GH IHUYXUD %DUXOKLQKR GH IULWXUD $UPiULR SDUD JXDUGDU ORXoDV H XWHQVtOLRV 6RQV H /X]HV
$ 3$57,5 '( $126
%ULQTXHGR 2UHJRQ /DSWRS %% -5 (/3%- 1)
$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5
$ 3$57,5 '( $126
%ULQTXHGR 2UHJRQ /DSWRS %% % 6PDUW (/3%6 1)
$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5 7LSR GH WHOD FULVWDO 3HUVRQDJHP %DUELH DWLYLGDGHV 6RP GLJLWDO 'HVOLJDPHQWR DXWRPiWLFR $OLPHQWDomR SLOKDV $$ $FHVVyULRV PRXVH
7LSR GH WHOD FULVWDO 3HUVRQDJHP %DUELH 1 GH DWLYLGDGHV 6RP GLJLWDO 'HVOLJDPHQWR DXWRPiWLFR $OLPHQWDomR SLOKDV $$
$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5
$ 3$57,5 '( $126
0DWHULDO SOiVWLFR
$ 3$57,5 '( $126
$ 3$57,5 '( $126
%ULQTXHGR 2UHJRQ /DSWRS %% 6( (/3%% 1 )
%ULQTXHGR 2UHJRQ /DSWRS %% % %5, (/3+% 1)
%ULQTXHGR 2UHJRQ /DSWRS %DWPDQ (/321 1)
$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5
$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5
7LSR GH WHOD FULVWDO 3HUVRQDJHP %DWPDQ DWLYLGDGHV 6RP GLJLWDO )XQFLRQDPHQWR SLOKDV $$
*DUDQWLD GR IDEULFDQWH DQR 7LSR GH WHOD FULVWDO OtTXLGR 3HUVRQDJHP %DUELH 6RP GLJLWDO $OLPHQWDomR SLOKDV $$
$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5 *DUDQWLD GR IDEULFDQWH DQR 7LSR GH WHOD FULVWDO OtTXLGR 3HUVRQDJHP %DUELH 6RP GLJLWDO $OLPHQWDomR SLOKDV $$ $FHVVyULRV
)RWRV PHUDPHQWH LOXVWUDWLYDV
&DUUR 6DUFRS &5 ÉXGLR .LQJ 4; /
%ULQTXHGR 0DJLF 7R\V *HODGHLUD 0DJ 63 52
$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5
2)(57$6 9É/,'$6 $3(1$6 3$5$ $6 /2-$6 '( 0$1$86 9$/,'$'( $ 28 $17(6 2&255(1'2 2 7e50,12 '2 (67248(
$ 3$57,5 $126
$ 3$57,5 $12
(&2120,$ 72'26 26 352'8726 '(67( (1&$57( (67®2 &20 35(d26 35202&,21$,6 ( 6,1$/,=$'26 1$6 /2-$6 &20 80$ (7,48(7$ $0$5(/$
'( $ $126
'( $ $126
0RWR 0DJLF 7R\V 0W 6SHHG $0
7ULFLFOR 0DJLF 7R\V 0HJ 52
$ 9LVWD 5 [ [ 5 VHP MXURV [ 2X [ [ 5 7RWDO D SUD]R 5 3HUVRQDJHP 0HJ 0RYLGR D SHGDO $VVHQWR DQDW{PLFR 0DWHULDO SOiVWLFR $FHVVyULRV KDVWH UHPRYtYHO
&DPLQKmR 0DJLF 7R\V 7UXFN 3HGDO 90 $ 3$57,5 '( $126
$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5 0DWHULDO SOiVWLFR 3HUVRQDJHP 7UXFN
$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5 0DUFKDV IUHQWH H Up 9HORFLGDGH DSUR[ NP K 0RYLGR D EDWHULD VHODGD 9 $VVHQWR DQDW{PLFR 9RODQWH *XLGmR FRP EX]LQD $FHVVyULRV FDUUHJDGRU ELYROW
&$57®2 %(02/ &/,(17( %(02/ 7(0 %Ñ186 1$6 &2035$6
%/8 5$< 7R 'H )pULDV 5
%/8 5$< '9' 2 5HL /HmR 5
%/8 5$< '9' 2 5HL /HmR 5
%/8 5$< '9' 'LJLWDO %/8 5$< '9' 'LJLWDO &RS\ 2 5HL /HmR &RS\ 2 5HL /HmR ' 5 5
%/8 5$< 7KRU ' 5
&; %/8 5$<6 2 5HL /HmR 7ULORJLD 5
5HSURGXomR VRPHQWH HP DSDUHOKRV FRP WHFQRORJLD %OX 5D\
'9'V
/DQoDPHQWR GLD '9' &DVD 'H %ULQTXHGRV 5
'9' 2V 6PXUIV /Lo}HV 'H 0RUDO 5
'9' 3KLQHDV ( )HUE $WUDYpV '$ D ',0 5
&'V
'9' ;X[D 6y 3DUD %DL[LQKRV 5
'9' 3DWDWL 3DWDWi 2V *UDQGHV 6XFHVVRV 5
&; '9'6 3DWDWL 3DWDWi 5
'9' &RFRULFy ,JXDLV 1DV 'LIHUHQoDV 5
'9' :LQQLH 7KH 3RRK )LOPH 5
'9' 2V 3LQJ LQV 'H 0DGDJDVFDU 5
'9' 7KRU 5
'9' *DOLQKD 3LQWDGLQKD 5
'9' %DUELH (VFROD 'H 3ULQFHVDV 5
'9' 1; =HUR 0XOWLVKRZ $R 9LYR $QRV 5
&; '9'6 ;X[D 6y 3DUD %DL[LQKRV $ 5
&' &DQWLJDV 'H 5RGD 5
&' 2V 'HGLQKRV (OLDQD 5
&' &DVD 'H %ULQTXHGRV 5
&' 7UHP 'D $OHJULD 5
&' 'HL[D (X &DQWDU 0HX 6DPED 5
&' 'LVQH\ $GYHQWXUHV ,Q 6DPED 5
&' $OLQH %DUURV ( &LD 5
&' 1; =HUR 0XOWLVKRZ $R 9LYR $QRV 5
&' 3DGUH 0DUFHOR 5RVVL ÉJDSH 0XVLFDO 5
&' 'DQLHO 3UD 6HU )HOL] 5
&' ;X[D 6y 3DUD %DL[LQKRV 5
&' $GULDQD 3DWLPSLP 5
&' 7ULOKD 6RQRUD :LQQLH 7KH 3RRK 5
&' %ODFN $QG :KLWH $PHULFD 5
&' , P :LWK <RX &DUGERDUG 5
&' '9' ;X[D 6y 3DUD %DL[LQKRV 5
/,952 7RGR 0XQGR 3UHFLVD 'H 8P $PLJR 5
/,952 0LQKD 3ULPHLUD 0RFKLOD %URZQ :HOOV 5
/,952 0LQKD 3ULPHLUD )LWD 0pWULFD :HOOV %URZQ 5
3É*,1$6
3É*,1$6
3É*,1$6
3É*,1$6
/,952 *DUILHOG 7RQHODGDV 'H 'LYHUVmR -LP 'DYLV 5
3É*,1$6
/,9526
'9' *RUPLWL 5DL]HV 'R 0DO 5
/,952 4XH $FRQWHFH 4XDQGR )DOR &RP 'HXV 6WRUPLH 2PDUWLDQ 5
3É*,1$6
/,952 %RD 1RLWH 1Rp 0ROO\ 6FKDDU 5
/,952 2 3RGHU 'D &ULDQoD 4XH 2UD 6WRUPLH 2PDUWLDQ 5
3É*,1$6
3É*,1$6
/,952 5DQJR -XVWLQH ( 5RQ )RQWHV 5
/,952 3DQGD 1D &KLQD 5LQNN\ 6FKUHYHU 'H 5
3É*,1$6
3É*,1$6
/,952 'LQRVVDXURV &RP /XSD 5
2)(57$6 9É/,'$6 $3(1$6 3$5$ $6 /2-$6 '( 0$1$86 9$/,'$'( $ 28 $17(6 2&255(1'2 2 7e50,12 '2 (67248(
%/8 5$< 'HX $ /RXFD 1D %UDQFD 'H 1HYH 5
3RU
*$5$17,$ '( 6$7,6)$d®2 35(),5$ $ 6(*85$1d$ '( 48(0 *$5$17( 2 48( 9(1'(
)RWRV PHUDPHQWH LOXVWUDWLYDV
%/8 5$<
( QWUHWHQLPHQWR
/ LQKD %UDQFD /
FP
)ULJREDU (OHFWUROX[ 5( / %5
$ %(02/ (67É 1$6 5('(6 62&,$,6
6,*$ 126 ( ),48( 325 '(1752 '( 126626 /$1d$0(1726 ( 35202d¯(6
$12 5
U
WLD *DUDQ 75$
(;
6SOLW %WXV &RPSUHVVRU URWDWLYR &RQVXO &%9 &%< %%%1$ $FLRQDPHQWR HOHWU{QLFR 7LPHU $ 9LVWD 5 &RQWUROH UHPRWR FP [ [ 5 VHP MXURV *DELQHWH SOiVWLFR 2X [ [ 5 &LFOR GH DU IULR 7RWDO D SUD]R 5 6DtGD GR DU VXSHULRU
FP
&/$66( $ %$,;2 &216802 %786 '( (1(5*,$
9
FP
FP
G R )D E
FP
9
%786
$QRV
ZZZ EHPRO FRP EU
&DVHDGRU 3RQWR LQYLVtYHO 3RQWR WLSR RYHUORFN 3RQWRV GHFRUDWLYRV 3RQWR ]LJ ]DJ
*DUDQWLD GR IDEULFDQWH DQR
WLD
FP
5
&/$66( $
%$,;2 &216802 '( (1(5*,$
%2&$6 FP
FP
FP
&/$66( $
FP
%$,;2 &216802 '( (1(5*,$
$7e .* /DYDGRUD $UQR /DYHWH 0D[[ /970 %5
352*5$0$6 '( /$9$*(0
$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5 *DUDQWLD GR IDEULFDQWH DQR 6LVWHPD GH ODYDJHP WXUELOKmR 7LSR GH FRQWUROH PDQXDO 1tYHO GH iJXD PDQXDO &HVWR HP SROLSURSLOHQR 3URJUDPD GH HQ[iJ HV $12 5
WLD *DUDQ 75$
(;
&2035$ 3527(*,'$
5
$126 5
/DYDGRUD &RQVXO &:, $ %5
&/$66( $
352*5$0$6 '( /$9$*(0
&/$66( $
&/$66( $
%$,;2 &216802 '( (1(5*,$
/DYDGRUD (OHFWUROX[ /7( %5
$7e .* ODYDGRUD *( /9*( ,$ %5 %5
352*5$0$6 '( /$9$*(0
&(175,)8*$d®2
&(175,)8*$d®2
$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5
$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5
*DUDQWLD GR IDEULFDQWH DQR 6LVWHPD GH ODYDJHP 7XUELOKmR &2035$ 3527(*,'$ 7LSR GH FRQWUROH PDQXDO 5 1tYHLV GH iJXD &HVWR HP SROLSURSLOHQR 'LVSHQVHU S DPDFLDQWH DOYHMDQWH 3URJUDPD GH HQ[iJ HV
*DUDQWLD GR IDEULFDQWH DQR 6LVWHPD GH ODYDJHP DJLWDGRU &2035$ 3527(*,'$ 7LSR GH FRQWUROH PHFkQLFR 5 1tYHLV GH iJXD &HVWR HP SROLSURSLOHQR 'LVSHQVHU SDUD DPDFLDQWH DOYHMDQWH 3URJUDPD GH HQ[iJ HV
*DUDQWLD GR IDEULFDQWH DQR 6LVWHPD GH ODYDJHP DJLWDGRU &2035$ 3527(*,'$ 7LSR GH FRQWUROH (OHWU{QLFR 5 1tYHLV GH iJXD &HVWR HP LQR[ 'LVSHQVHU SDUD DPDFLDQWH DOYHMDQWH 3URJUDPD GH ODYDJHP
WLD *DUDQ 75$
(;
$126 5
$12 5
WLD *DUDQ 75$
$126 5
(;
$12 5
WLD *DUDQ 75$
(;
FP
352*5$0$6 '( /$9$*(0
$ 9LVWD 5 [ [ 5 VHP MXURV &(175,)8*$d®2 2X [ [ 5 7RWDO D SUD]R 5
$12 5
FP
%$,;2 &216802 '( (1(5*,$
$7e .*
%$,;2 &216802 '( (1(5*,$
$7e .*
)2512 $872/,03$17(
80 6$%®2 $5,(/ /Ì48,'2
FP FP
$&(1',0(172 $8720É7,&2 727$/
*5É7,6
)RJmR % &RQWLQHQWDO 6SD]LR )*&7 363' %5
$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5 *DUDQWLD GR IDEULFDQWH DQR 0HVD GH LQR[ 3UDWHOHLUDV )L[D 7DPSD GH YLGUR $12 5
$126 5
DQWLD
*DU 75$
(;
&2035$ 3527(*,'$
5
$126 5
(&2120,$ 72'26 26 352'8726 '(67( (1&$57( (67®2 &20 35(d26 35202&,21$,6 ( 6,1$/,=$'26 1$6 /2-$6 &20 80$ (7,48(7$ $0$5(/$
&2035$ 3527(*,'$
5 &2035$ 3527(*,'$
&2035$ 3527(*,'$
/ FP
,62
&216802 '( (1(5*,$
5 0È6 RX : K /,*$'2 K
*DUDQWLD GR IDEULFDQWH DQR 'HJHOR &RQJ 0DQXDO 'HJHOR 5HIULJ 0DQXDO &RQWUROHV H[WHUQRV &DSDFLGDGH FRQJHODGRU / 3UDWHOHLUDV UHJXOiYHLV UHPRYtYHLV 3RUWD ODWD $12 5
WLD *DUDQ 75$
(;
$126 5
FP
/ FP
$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5
WLD *DUDQ 75$
(;
$126 5
8 7 2 & / $
&216802 '( (1(5*,$
5 0È6 RX : K /,*$'2 K
*DUDQWLD GR IDEULFDQWH DQR 'HJHOR &RQJ 5HIULJ 0DQXDO &RQWUROHV ,QWHUQRV 3RUWD UHYHUVtYHO &DSDFLGDGH FRQJHODGRU / 3UDWHOHLUDV UHPRYtYHLV $12 5
35 2 '
FP
35 2 '
FP
35 2 '
5 0È6 RX : K /,*$'2 K
8 7 2 & / $
*HODGHLUD &RQWLQHQWDO )) 5)&7 / %5
6 6 ( $
&216802 '( (1(5*,$
$ 9LVWD 5 [ [ 5 VHP MXURV [ 2X [ [ 5 7RWDO D SUD]R 5
*HODGHLUD &RQVXO &') &5' (%$1$ / %5
6 6 ( $
8 7 2 & / $
FP
5
*HODGHLUD (OHFWUROX[ 5( / %5 9
6 6 ( $
FP
5
2)(57$6 9É/,'$6 $3(1$6 3$5$ $6 /2-$6 '( 0$1$86 9$/,'$'( $ 28 $17(6 2&255(1'2 2 7e50,12 '2 (67248(
(;
6SOLW %WXV &RPSUHVVRU URWDWLYR (OHFWUROX[ &%83( ) 3, ) $FLRQDPHQWR HOHWU{QLFR GLJLWDO 7LPHU $ 9LVWD 5 &RQWUROH UHPRWR [ [ 5 VHP MXURV *DELQHWH SOiVWLFR 2X [ [ 5 &LFOR GH DU IULR 7RWDO D SUD]R 5 6DtGD GR DU IURQWDO
FP
%$,;2 &216802 '( (1(5*,$
WLD *DUDQ 75$
&2035$ 3527(*,'$
$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5
$ YHQGD GD *DUDQWLD ([WUD %HPRO p H[FOXVLYD SDUD SHVVRD ItVLFD
FP
U
FP
&/$66( $
$126 5
/RMDV %HPRO
0iTXLQD GH &RVWXUD 6LQJHU )DFLOLWD &
$126 5
0LFUR 2QGDV &RQVXO &06 $%+ / %5 *DUDQWLD GR IDEULFDQWH DQR 3RWrQFLD : $ 9LVWD 5 $XWR GHVFRQJHODPHQWR [ [ 5 VHP MXURV DTXHFLPHQWR FR]LPHQWR 2X [ [ 5 7HFOD SLSRFD 7RWDO D SUD]R 5 7UDYD GH VHJXUDQoD
$12 5
LF
G R )D E
$
(;75
(;
Q
Q
WLD
WLD *DUDQ
5 WLD *DUDQ 75$
$12 5
* DUD
* DUD
$QRV
$12 5
D QWH
FP
&2035$ 3527(*,'$
*DUDQWLD GR IDEULFDQWH DQR 3UDWHOHLUDV UHPRYtYHLV 3RUWD UHYHUVtYHO 3RUWD ODWD &2035$ 3527(*,'$ &RQWUROH GH WHPSHUDWXUD 5
FP
/ FP
$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5 *DUDQWLD GR IDEULFDQWH DQR 'HJHOR &RQJ UHIULJ IURVW IUHH &RQWUROHV LQWHUQR 3RUWD UHYHUVtYHO &DSDFLGDGH FRQJHODGRU / 3UDWHOHLUDV UHJXOiYHLV 3UDWHOHLUDV UHPRYtYHLV 3RUWD ODWD $12 5
WLD *DUDQ 75$
(;
$126 5
35(),5$ 48(0 6( (6)25d$ ',$5,$0(17( 3$5$ 2)(5(&(5 2 0(/+25 $7(1',0(172
)RWRV PHUDPHQWH LOXVWUDWLYDV
FP
FP
D QWH
5 0È6 RX : K /,*$'2 K
#EHPRORQOLQH
LF
&216802 '( (1(5*,$
321726 '( &26785$
FP
FP
8 7 2 & / $
6 6 ( $
35 2 '
FP
$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5
$ 3$57,5 '( $126
'( $ $126
%RQHFD (VWUHOD %HEr %DQKLQKR %RQHFD (VWUHOD 6XVL 7LWLWL $ 9LVWD 5
$ 9LVWD 5
%RQHFD (VWUHOD D%21(&
3HUVRQDJHP EHEr EDQKLQKR $OWXUD FP 0DWHULDO SOiVWLFR )XQFLRQDPHQWR PHFkQLFR $FHVVyULRV HVSRQMD WRDOKD IUDXGD H EDQKHLUD
3HUVRQDJHP 6XVL $OWXUD FP 0DWHULDO SOiVWLFR )XQFLRQDPHQWR PHFkQLFR
$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5
2)(57$6 9É/,'$6 $3(1$6 3$5$ $6 /2-$6 '( 0$1$86 9$/,'$'( $ 28 $17(6 2&255(1'2 2 7e50,12 '2 (67248(
'( $ $126
$ 3$57,5 '( $126
$ 3$57,5 '( $126
&DUUR (VWUHOD &7 ,URQ 0DQ
$ 9LVWD 5 [ [ 5 VHP MXURV [ 2X [ [ 5 7RWDO D SUD]R 5 0DWHULDO SOiVWLFR )XQFLRQDPHQWR 3LOKD $$$
-RJR (VWUHOD 6XSHU -RJR 'D 9LGD
-RJR (VWUHOD 'HWHWLYH ' 7LSR DomR 0DWHULDO FDUWRQDGR 1 GH SDUWLFLSDQWHV D $FHVVyULRV ÐFXORV ' 7DEXOHLUR ' H &DUWDV '
$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5
$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5
7LSR HOHWU{QLFR H DomR 0DWHULDO FDUWRQDGR H SOiVWLFR 1 GH SDUWLFLSDQWHV D $FHVVyULRV PiTXLQD GH FDUWmR GH FUpGLWR
'( $ $126
%ULQTXHGR *XOOLYHU &DVD 0RLQKR
$ 3$57,5 '( $126
&DGHLUD *XOOLYHU %ULFNV ( .OLFNV
%ULQTXHGR *XOOLYHU 7UHP 'H &RQVWUXomR $ 9LVWD 5
$ 9LVWD 5
$ 9LVWD 5 [ [ 5 VHP MXURV [ 2X [ [ 5 7RWDO D SUD]R 5
1 GH SDUWLFLSDQWHV RX $FHVVyULRV
0DWHULDO 3OiVWLFR 1 GH SDUWLFLSDQWHV D $FHVVyULRV
$ 3$57,5 '( $12
/X]HV H 6RQV GLYHUWLGRV
)RUPDV GLIHUHQWHV GH EULQFDU
$ 3$57,5 '( $12
%ULQTXHGR *XOOLYHU 0ROWR 0RELOH 0XVLFDO
%ULQTXHGR *XOOLYHU 0ROWR &RJXPHOR 3
%ULQTXHGR *XOOLYHU 0ROWR $QGDGRU
$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5
$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5
$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5
(&2120,$ 72'26 26 352'8726 '(67( (1&$57( (67®2 &20 35(d26 35202&,21$,6 ( 6,1$/,=$'26 1$6 /2-$6 &20 80$ (7,48(7$ $0$5(/$
'( $ $126
)RWRV PHUDPHQWH LOXVWUDWLYDV
'( $ $126
$ 3$57,5 '( $126 '( $ $126
7ULFLFOR %DQGHLUDQWH 0HX *DWLQKD
$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5 0RYLGR D SHGDO $VVHQWR DQDW{PLFR 0DWHULDO SROLSURSLOHQR
%RQHFR %DQGHLUDQWH (UD 'R *HOR 6LG
$ 3$57,5 '( $126
$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5
3DWLQHWH %DQGHLUDQWH &DUV
3HUVRQDJHP 6LG $OWXUD FP 0DWHULDO YLQLO )XQFLRQDPHQWR PHFkQLFR
$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5
3HUVRQDJHP FDUV 0RYLGR D ,PSXOVR 0DWHULDO SROLSURSLOHQR
&DUUR %DQGHLUDQWH 6PDUW 5DOO\ 3HGDO
&DUUR %DQGHLUDQWH 6XS 7XQLQJ *DWLQKD
$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5
0RYLGR D SHGDO $VVHQWR DQDW{PLFR 9RODQWH JXLGmR FRP EX]LQD 0DWHULDO SROLSURSLOHQR $FHVVyULRV
0RYLGR D SHGDO 9RODQWH JXLGmR FRP EX]LQD 0DWHULDO SROLSURSLOHQR
$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5
48$/,'$'( 9$/25,=( 6(8 ',1+(,52 &2035$1'2 48$/,'$'(
%RQHFR *URZ %OX 4XH )DOD &0
%RQHFD *URZ 'DQFLQJ 0{QLFD
$ 9LVWD 5 [ [ 5 VHP MXURV [ 2X [ [ 5 7RWDO D SUD]R 5
$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5
3HUVRQDJHP ULR $OWXUD FP 0DWHULDO SDSHO FDUWmR YLQLO )XQFLRQDPHQWR 3LOKDV $$
$ 3$57,5 '( $126
'( $ $126
$OWXUD FP 0DWHULDO YLQLO H ILEUD )XQFLRQDPHQWR SLOKDV 9 $$
'( $ $126
-RJR *URZ :DU (GLomR (VSHFLDO
$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5
7LSR -RJR $GXOWR -XYHQLO 1 GH SDUWLFLSDQWHV D $FHVVyULRV 'DGRV FDUWDV H SLQRV FRORULGRV
%ULQTXHGR '7& 3OD\VHW 6KLSSLQJ 3RUW
$ 3$57,5 '( $126
$ 3$57,5 '( $126
$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5 0DWHULDO 39& 'LHFDVW PHWDO
$ 3$57,5 '( $126
%ULQTXHGR *URZ %ORSHQV &DUURV $ 9LVWD 5
%ULQTXHGR '7& =,3 =RRP
%ULQTXHGR '7& 3LVWD 6NDWH ([WUH 5DGLFDO
%ULQTXHGR '7& )LOKRWHV 0DQLD %RXWLTXH $ 9LVWD 5 [ [ 5 VHP MXURV 0DWHULDO 39& 6LOLFRQH H 3DSHO
0DWHULDO 39& 3DUWHV HOHWU{QLFR
$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5
3HUVRQDJHP &DUURV 0DWHULDO SDSHO FDUWmR )XQFLRQDPHQWR PDQXDO
$ 3$57,5 '( $126
$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5 0DWHULDO 39& (YD
(&2120,$ 72'26 26 352'8726 '(67( (1&$57( (67®2 &20 35(d26 35202&,21$,6 ( 6,1$/,=$'26 1$6 /2-$6 &20 80$ (7,48(7$ $0$5(/$ 72'26 26 352'8726 '(67( (1&$57( (67®2 &20 35(d26 35202&,21$,6 ( 6,1$/,=$'26 1$6 /2-$6 &20 80$ (7,48(7$ $0$5(/$ $ 3$57,5 '( $126 $ 3$57,5 '( $12
7DEHOD %DVTXHWH /tGHU %DUELH & % -RJR /tGHU +: 7DFRV
$ 3$57,5 '( $126
%ULQTXHGR /tGHU )RIR 0yYHO 3DWDWL 3DWDWi
$ 9LVWD 5 [ [ 5 VHP MXURV
$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5
0DWHULDO SOiVWLFR
0DWHULDO SOiVWLFR
0DWHULDO SOiVWLFR
%ULQTXHGR /tGHU 8SD 8SD 3RRK 'LVQH\
$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5
$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5
$ 3$57,5 '( $126
7LSR MRJR 0DWHULDO SROLHWLOHQR 1 GH SDUWLFLSDQWHV
2)(57$6 9É/,'$6 $3(1$6 3$5$ $6 /2-$6 '( 0$1$86 9$/,'$'( $ 28 $17(6 2&255(1'2 2 7e50,12 '2 (67248(
$ 3$57,5 '( $126
$&,0$ '( $126
'( $ $126
$&,0$ '( $126
%RQHFR +DVEUR 7KRU
%ULQTXHGR +DVEUR 3. 03+ 05 ( 056
$ 9LVWD 5 [ [ 5 VHP MXURV $&,0$ '( $126
$ 9LVWD 5 [ [ 5 VHP MXURV [ 2X [ [ 5 7RWDO D SUD]R 5
$ 9LVWD 5 [ [ 5 VHP MXURV [ 2X [ [ 5 7RWDO D SUD]R 5
3HUVRQDJHP 7KRU 0DWHULDO SOiVWLFR H 9LQLO )XQFLRQDPHQWR PDQXDO
7LSR KDELOLGDGH 0DWHULDO SOiVWLFR ERUUDFKD H PHWDO 1 GH SDUWLFLSDQWHV 0DLV GH
$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5 0DWHULDO SHO~FLD 9LQLO 7HFLGR &DEHOR 6LQWpWLFR 3OiVWLFR )XQFLRQDPHQWR HOHWU{QLFR $FHVVyULRV
$&,0$ '( $126
'( $ $126
-RJR +DVEUR &OXH
$ 9LVWD 5 [ [ 5 VHP MXURV [ 2X [ [ 5 7RWDO D SUD]R 5 7LSR MRJR GLGiWLFR 0DWHULDO SOiVWLFR H SDSHO 1 GH SDUWLFLSDQWHV RX PDLV
%RQHFD +DVEUR 3ULPHLURV 'HQWLQKRV %ULQTXHGR +DVEUR 16 /DQoDGRU 6WKXQG
$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5
$ 9LVWD 5 [ [ 5 VHP MXURV [ 2X [ [ 5 7RWDO D SUD]R 5
$&,0$ '( $126
0DWHULDO SOiVWLFR H SDUWHV HOHWU{QLFDV
&5(',É5,2 35Ð35,2 )/(;Ì9(/ ( 3(5621$/,=$'2
0DWHULDO %RUUDFKD 3OiVWLFR 9LQLO )XQFLRQDPHQWR PDQXDO $FHVVyULRV
)RWRV PHUDPHQWH LOXVWUDWLYDV
0DWHULDO SOiVWLFR &RUSR GH EDWDWD H PDLV GH SHoDV SDUD HQFDL[DU $FHVVyULRV
%ULQTXHGR +DVEUR %% 3{QHL 6ZHWWLH %HOO
-RJR +DVEUR %RS ,W
0yYHLV
126626
6(59,d26 &$57®2 ( %Ñ186
3DUFHOH VXDV FRPSUDV FRP FRPRGLGDGH H DFXPXOH SRQWRV SDUD VXDV SUy[LPDV FRPSUDV FP
(6380$ $7e .*
&5(',É5,2 35Ð35,2
2 &2/&+®2 9(1',' ( 6(3$5$'$0(17
FP
*$9(7$6 &2035$ 3527(*,'$
*DUDQWLD GR IDEULFDQWH DQR 0DWHULDO DJORPHUDGR $FDEDPHQWR YHUQL] 89 6LVWHPD GH PRQWDJHP PLQLIL[ &RUUHGLoDV WLSR PHWiOLFDV $ 9LVWD 5 [ [ 5 VHP MXURV 3X[DGRUHV WLSR $%6 2X [ [ 5 'LVSRQtYHO WDPEpP QD FRU EUDQFR FRP URVD 7RWDO D SUD]R 5
#EHPRORQOLQH
ZZZ EHPRO FRP EU 6,*$ 126 ( ),48( 325 '(1752 '( 126626 /$1d$0(1726 ( 35202d¯(6
FP
/RMDV %HPRO
FP
$12 5
3257$6
*$9(7$6
*$9(7$6
3257$6
WLD *DUDQ 75$
(;
0DWHULDO 0') 0'3 $FDEDPHQWR $OWR %ULOKR 5RXSHLUR 3 * %RP (VSHOKR 3DVWRU '3/86 %5 37 5HVSLUR DQWL PRIR 6LVWHPD GH PRQWDJHP JLURIL[ &RUUHGLoDV PHWiOLFDV $ 9LVWD 5 [ [ 5 VHP MXURV &DOFHLUR WLSR PHWiOLFR 0DOHLUR 2X [ [ 5 *DYHWDV 7RWDO D SUD]R 5
*$5$17,$ %(02/ '( 6$7,6)$d®2
9RFr SRGH WURFDU RX FDQFHODU D FRPSUD HP DWp GLDV
3& +(/3
'XDV YLVLWDV WpFQLFDV SDUD LQVWDODomR H VXSRUWH GR VHX FRPSXWDGRU RX QRWHERRN
&2035$ 3527(*,'$
FP FP
5(1(*2&,( 6(86 &2175$726
5HSDFWXDomR GLVSRQtYHO HP TXDOTXHU ORMD GH IRUPD VLPSOHV D MXURV UHGX]LGRV
3URWHMD VHX SURGXWR FRQWUD GDQRV H DFLGHQWHV QmR FREHUWRV SHOR IDEULFDQWH GXUDQWH R SUD]R GH JDUDQWLD
FP
726 &2/&+¯(6 ( 2%-( '$0(17( 9(1','26 6(3$5$
FP
FP
FP $12 5
5RXSHLUR 3 * 'LWDOLD %% %5 $=
(;
$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5 *DUDQWLD GR IDEULFDQWH DQR 0DWHULDO $JORPHUDGR
WLD *DUDQ 75$
$12 5
%LFDPD 'LWiOLD & (VWDQWH %% 7%
$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5
(/(7523257É7(,6
3RU XP SHTXHQR FXVWR DGLFLRQDO YRFr JDUDQWH SURWHomR H[WUD SDUD VHX HOHWURSRUWiWLO $ *DUDQWHFK DVVHJXUD D WURFD HP FDVR GH GHIHLWRV SHVVRDV ItVLFDV VRPHQWH
FP
WLD *DUDQ 75$
$FDEDPHQWR 9HUQL] 89 6LVWHPD GH PRQWDJHP 0LQLIL[ 'REUDGLoDV 3UHVVmR 0HWiOLFDV &RUUHGLoDV 0HWiOLFDV &DOFHLUR 7LSR 0DGHLUD 0DOHLUR 3X[DGRUHV 7LSR $%6 'LVSRQtYHO WDPEpP QDV FRUHV EUDQFR H EUDQFR FRP URVD
(;
*DUDQWLD GR IDEULFDQWH DQR 0DWHULDO DJORPHUDGR %D~ 3LQWXUD 89 $FDEDPHQWR DOWR EULOKR 6LVWHPD GH PRQWDJHP IL[DomR 'LVSRQtYHO WDPEpP QD FRU EUDQFR
QWLD *DUD75$
(;
9,'$ /21*$ 3$5$ 6(86 352'8726
RX DQRV D PDLV GH SURWHomR HP VXDV FRPSUDV SRU XP SHTXHQR FXVWR DGLFLRQDO SHVVRDV ItVLFDV VRPHQWH
(&2120,$ 72'26 26 352'8726 '(67( (1&$57( (67®2 &20 35(d26 35202&,21$,6 ( 6,1$/,=$'26 1$6 /2-$6 &20 80$ (7,48(7$ $0$5(/$
FP
FP
FP
FP
*$9(7$6 FP
FP
726 &2/&+®2 ( 2%-( $'$0(17( 9(1','26 6(3$5
&DPD 6ROWHLUR .DSSHVEHUJ ,- 52 $=
$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5 0DWHULDO 0'3 0') 3LQWXUD 89 $FDEDPHQWR ,PSUHVVmR 6LVWHPD GH PRQWDJHP )L[DomR
3257$6
FP
$12 5
WLD *DUDQ 75$
(;
$12 5
WLD *DUDQ 75$
FP
&{PRGD * .DSSHVEHUJ ,) $=
FP
FP FP
FP
3257$6
*$9(7$6 FP
FP
(;
$12 5
WLD *DUDQ 75$
(;
-RJRV SDJDPHQWRV GH FRQWDV UHFHELPHQWR GH EHQHItFLRV VDTXHV GD &DL[D H %% FUpGLWR GH FHOXODU HWF 3UHVHQWHV HP ORMDV GD %HPRO
/,67$ '( 35(6(17(6
)DFLOLWH D HVFROKD GH VHXV FRQYLGDGRV GHL[DQGR D OLVWD QD %HPRO RX HP QRVVR VLWH ZZZ EHPRO FRP EU
&$57®2 35(6(17(
$FHUWH QD HVFROKD H DJUDGH VHPSUH 'LVSRQtYHO QRV YDORUHV GH 5 5 5 H 5
$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 $ 9LVWD 5 [ [ 5 VHP MXURV 7RWDO D SUD]R 5 2X [ [ 5 0DWHULDO 0') 0'3 7RWDO D SUD]R 5 $FDEDPHQWR LPSUHVVmR (VSHOKR 0DWHULDO 0'3 0') 5HVSLUR DQWL PRIR $FDEDPHQWR LPSUHVVmR 6LVWHPD GH PRQWDJHP IL[DomR 6LVWHPD GH PRQWDJHP IL[DomR &RUUHGLoDV SOiVWLFDV 'REUDGLoDV SUHVVmR PHWiOLFDV &DOFHLUR WLSR DOXPtQLR &RUUHGLoDV PHWiOLFDV 3X[DGRUHV WLSR PHWiOLFRV 3X[DGRUHV WLSR SROLSURSLOHQR
*$9(7$6
5RXSHLUR 3 * .DSSHVEHUJ ,- 52
&{PRGD * .DSSHVEHUJ ,- 52
*$9(7$6
FP
FP
2)(57$6 9É/,'$6 $3(1$6 3$5$ $6 /2-$6 '( 0$1$86 9$/,'$'( $ 28 $17(6 2&255(1'2 2 7e50,12 '2 (67248(
$ %(02/ (67É 1$6 5('(6 62&,$,6
$ YHQGD GD *DUDQWLD ([WUD %HPRO p H[FOXVLYD SDUD SHVVRD ItVLFD
7HFLGR SROLpVWHU 1tYHO GH FRQIRUWR PDFLR 3URWHomR DQWL iFDUR PRIR
FP
*DUDQWLD GR IDEULFDQWH DQR 0DWHULDO 0'3 $FDEDPHQWR YHUQL] 89 6LVWHPD GH PRQWDJHP *LURIL[ %HUoR & 5RGDV 'REUDGLoDV 0DGHLUD UHYHVWLGD 'LWiOLD %% %5 &DOFHLUR 0DGHLUD UHYHVWLGD 5RGDV $ 9LVWD 5 'LVSRQtYHO QD FRU [ [ 5 VHP MXURV EUDQFR FRP URVD 2X [ [ 5 'LVSRQtYHO QD FRU 7RWDO D SUD]R 5 EUDQFR FRP D]XO
&{PRGD * 'LWiOLD %% %5 $=
$ 9LVWD 5 [ [ 5 VHP MXURV
FP
5
FP
FP &ROFKmR %HUoR (XURVRQR (63 ; ; ' 52
)RWRV PHUDPHQWH LOXVWUDWLYDV
&UHGLiULR SUySULR IOH[tYHO H SHUVRQDOL]DGR
FP
FP
WLD *DUDQ 75$
(;
6HUYLoRV H SURGXWRV GLVSRQtYHLV YLD LQWHUQHW K
%HUoR .DSSHVEHUJ ,) $=
$ 9LVWD 5 [ [ 5 VHP MXURV $ 9LVWD 5 2X [ [ 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5 7RWDO D SUD]R 5 0DWHULDO 0'3 0') $FDEDPHQWR LPSUHVVmR 0DWHULDO 0'3 0') &RUUHGLoDV WLSR PHWiOLFDV $FDEDPHQWR 89 3X[DGRUHV 7LSR SROLSURSLOHQR 6LVWHPD GH PRQWDJHP )L[DomR $12 5
ZZZ EHPRO FRP EU
5RXSHLUR 3 * .DSSHVEHUJ ,) $=
$12 5
WLD *DUDQ 75$
(;
$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5 0DWHULDO 0') 0'3 $FDEDPHQWR LPSUHVVmR 5HVSLUR DQWL PRIR 6LVWHPD GH PRQWDJHP IL[DomR 'REUDGLoDV SUHVVmR PHWiOLFDV &RUUHGLoDV SOiVWLFDV &DOFHLUR DOXPtQLR 3X[DGRUHV WLSR SROLSURSLOHQR $12 5
+25É5,26 (67(1','26
)XQFLRQDPRV DRV GRPLQJRV H IHULDGRV SDUD VXD PDLRU FRQYHQLrQFLD
&2035( ( +$%,/,7( 6(8 &(/8/$5
7RGDV DV RSHUDGRUDV QD %HPRO 6HX DSDUHOKR KDELOLWDGR QD KRUD GD FRPSUD
WLD *DUDQ 75$
(;
$*25$ 92&È 32'( $*(1'$5 $ 68$ (175(*$ 3$5$ ',$ ( +25É5,2 '( 68$ &219(1,È1&,$ &2168/7( 2 9$/25 '$ 7$;$ &20 80 '( 126626 9(1'('25(6
606 %(02/
&OLHQWH %HPRO UHFHEH WRUSHGRV VREUH FRPSUDV UHDOL]DGDV HQWUHJDV H OHPEUHWH GH YHQFLPHQWR
( OHWU{QLFRV )81d®2 .$5$2.( 5(352'8= 03
(175$'$
86%
$ 9LVWD 5 [ [ 5 VHP MXURV RX HQWUDGD 5 [ 5 7RWDO D SUD]R 5
,'(17,),&$'25 '( &+$0$'$6
7HOHIRQH 3DQDVRQLF 6 )LR .; 7* /%7
$ 9LVWD 5 [ [ 5 VHP MXURV RX HQWUDGD 5 [ 5 7RWDO D SUD]R 5
$ 9LVWD 5 [ [ 5 VHP MXURV RX HQWUDGD 5 [ 5 7RWDO D SUD]R 5
&' SOD\HU 5HSURGXomR 03 &' 5 5: 5iGLR $0 )0 3RWrQFLD 506 : )XQFLRQDPHQWR HQHUJLD SLOKD
$ 9LVWD 5 [ [ 5 VHP MXURV RX HQWUDGD 5 [ 5 7RWDO D SUD]R 5
&2035$ 3527(*,'$
5
*DUDQWLD GR IDEULFDQWH DQR 9LYD YR] 'LVSOD\ LOXPLQDGR
$12 5
WLD *DUDQ 75$
$126 5
(;
&2035$ 3527(*,'$
5
*DUDQWLD GR IDEULFDQWH DQR 5HJLmR 6LVWHPD GH SRQWXDomR 6LVWHPD GH FRU 0+] %LW 'ROE\ GLJLWDO 5HSURGX] '9' 5 5: 9&' 5HSURGX] IRWR FG &ORVHG FDSWLRQ
*DUDQWLD GR IDEULFDQWH DQR 5HJLmR )RUPDWR FRPS -3(* 03 03 H :0$ 0tGLD FRPS '9' 5: 5 5 3RVVXL GLVSOD\ 6DtGDV YtGHR FRPSRVWR &RQWUROH UHPRWR &RQVXPR 8VR 6WE\ : :
&' 5iGLR 3KLOLSV $= 6 35 37
$SDUHOKR '9' /* .DUDRNH '9
$12 5
WLD *DUDQ 75$
(;
$126 5
&2035$ 3527(*,'$
5 &2035$ 3527(*,'$
5
&$%2 +'0, (175$'$
86%
$SDUHOKR %OX 5D\ 3OD\HU 3DQDVRQLF '03%' /%.
$ 9LVWD 5 [ [ 5 VHP MXURV RX HQWUDGD 5 [ 5 7RWDO D SUD]R 5
327È1&,$ 727$/ 506 :
$12 5
WLD *DUDQ 75$
(;
$12 5
+RPH 7KHDWHU 3DQDVRQLF 37 /% . 37
*DUDQWLD GR IDEULFDQWH DQR )RUPDWR &RPS %' '9' &' 0tGLD &RPS $9&+' ',9; +' 0.9 '/1$ %' /LYH
$ 9LVWD 5 [ [ 5 VHP MXURV RX HQWUDGD 5 [ 5 7RWDO D SUD]R 5
$126 5
(175$'$
&$,;$6 DQWLD
*DU 75$
(;
327È1&,$ 727$/ 506 :
86%
$126 5
*DUDQWLD GR IDEULFDQWH DQR 'LYLVmR VRQRUD FDQDLV 'HFRGHU 'ROE\ 'LJLWDO 5iGLR $0 )0 3URJUHVVLYH 6FDQ &RQWUROH UHPRWR '9' LQWHJUDGR
+RPH 7KHDWHU /* .DUDRNH 86% +7 68
$12 5
$ 9LVWD 5 [ [ 5 VHP MXURV RX HQWUDGD 5 [ 5 7RWDO D SUD]R 5 *DUDQWLD GR IDEULFDQWH DQR
&$,;$6 WLD *DUDQ 75$
(;
(175$'$
86%
$126 5
'LYLVmR VRQRUD &+ 'HFRGHU 'ROE\ 'LJLWDO 5iGLR $0 )0 3URJUHVVLYH 6FDQ &RQWUROH UHPRWR '9' LQWHJUDGR
(&2120,$ 72'26 26 352'8726 '(67( (1&$57( (67®2 &20 35(d26 35202&,21$,6 ( 6,1$/,=$'26 1$6 /2-$6 &20 80$ (7,48(7$ $0$5(/$ 0LQL 6\VWHP 6DPVXQJ 0; ' =' 35 37
$ 9LVWD 5 [ [ 5 VHP MXURV RX HQWUDGD 5 [ 5 7RWDO D SUD]R 5
0LFUR 6\VWHP 3DQDVRQLF 6& $.; 31 .
$ 9LVWD 5 [ [ 5 VHP MXURV [ RX HQWUDGD 5 [ 5 7RWDO D SUD]R 5
*DUDQWLD GR IDEULFDQWH DQR &' 3OD\HU &DSDFLGDGH SDUD &' 5HSURGXomR 03 &' 5 &' 5: (TXDOL]DGRU &RQWUROH UHPRWR 5iGLR $0 )0 &2035$ 3527(*,'$
(175$'$
86%
(175$'$ 3$5$ 0,&52)21(
$12 5
WLD *DUDQ 75$
(;
$126 5
327È1&,$ 727$/ 506 :
(175$'$
86%
)RWRV PHUDPHQWH LOXVWUDWLYDV
5
327È1&,$ 727$/ 506 :
*DUDQWLD GR IDEULFDQWH DQR &DSDFLGDGH SDUD &' 5HSURGXomR 03 &' 5 &' 5: 5iGLR $0 )0 &RQWUROH UHPRWR
79 3DQDVRQLF /&' 7& / & %
$ 9LVWD 5 [ [ 5 VHP MXURV
&DL[D $F~VWLFD +LQRU $PSOLILFDGD %R[ 7ULR
$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5
,62
*DUDQWLD GR IDEULFDQWH DQR 7HPSR GH 5HVSRVWD 06 (QWUDGDV 3& 6' 86% 6DtGDV ÐSWLFD $QDOyJLFD 3RWrQFLD GR iXGLR : 506 )UHT rQFLD +] &RQVXPR 8VR 6WE\ : K : K
*DUDQWLD GR IDEULFDQWH DQR %L DPSOLILFDGR : 506 &2035$ 3527(*,'$
5
+'0, (175$'$6
/&'
&219(5625 ',*,7$/ ,17(*5$'2
&2035$ 3527(*,'$
5
$12 5
WLD *DUDQ 75$
(;
$126 5
35(),5$ 48(0 6( (6)25d$ ',$5,$0(17( 3$5$ 2)(5(&(5 2 0(/+25 $7(1',0(172
$ YHQGD GD *DUDQWLD ([WUD %HPRO p H[FOXVLYD SDUD SHVVRD ItVLFD 2)(57$6 9É/,'$6 $3(1$6 3$5$ $6 /2-$6 '( 0$1$86 9$/,'$'( $ 28 $17(6 2&255(1'2 2 7e50,12 '2 (67248(
$SDUHOKR '9' 6RQ\ 86% '93 65
$ 3$57,5 '( $126
$ 3$57,5 '( $126
%RQHFD 0DWWHO %% & $QHO 0HQLQD 7 $ 9LVWD 5
2)(57$6 9Ã&#x2030;/,'$6 $3(1$6 3$5$ $6 /2-$6 '( 0$1$86 9$/,'$'( $ 28 $17(6 2&255(1'2 2 7e50,12 '2 (67248(
-RJR 0DWWHO 8QR %% : $ 9LVWD 5
%ULQTXHGR 0DWWHO 1%7 0RUGHGRU 0DFDFR / $ 9LVWD 5
%RQHFR 0DWWHO 06 6RUW )LJXUD %DV 9
$ 9LVWD 5
Â&#x2021; 3HUVRQDJHP %DUELH Â&#x2021; $OWXUD FP Â&#x2021; 0DWHULDO SOiVWLFR Â&#x2021; )XQFLRQDPHQWR PHFkQLFR Â&#x2021; $FHVVyULRV DQHO
%ULQTXHGR 0DWWHO 3DFRWH & &DUUR $ 9LVWD 5
%RQHFD 0DWWHO %DUELH 3UDLD 7
%ULQTXHGR 0DWWHO +: 0LQL /DYD 5iSLGR 5
$ 9LVWD 5
$ 3$57,5 '( $126
$ 3$57,5 '( $126
Â&#x2021; 3HUVRQDJHP 0D[ 6WHHO %RQHFR 0DWWHO Â&#x2021; $OWXUD FP 06 6RUW )LJXUD & $FH 9 Â&#x2021; 0DWHULDO SOiVWLFR Â&#x2021; )XQFLRQDPHQWR PHFkQLFR $ 9LVWD 5 Â&#x2021; $FHVVyULRV SURMpWLO
Â&#x2021; 3HUVRQDJHP %DUELH Â&#x2021; $OWXUD FP Â&#x2021; 0DWHULDO SOiVWLFR Â&#x2021; )XQFLRQDPHQWR PHFkQLFR
Â&#x2021; 0DWHULDO SOiVWLFR Â&#x2021; 3HUVRQDJHP +RW :KHHOV Â&#x2021; $FHVVyULRV YHtFXOR
$ 3$57,5 '( $126
%RQHFD 0DWWHO %% (VFROD 3ULQF 6RUW 9
Â&#x2021; 3HUVRQDJHP %DUELH (VFROD Â&#x2021; $OWXUD FP FP Â&#x2021; 0DWHULDO SOiVWLFR $ 9LVWD 5 [ [ 5 VHP MXURV Â&#x2021; )XQFLRQDPHQWR PHFkQLFR
%RQHFR 0DWWHO 06 6RUW )LJ (VS & '9': $ 9LVWD 5
Â&#x2021; 3HUVRQDJHP 0D[ 6WHHO Â&#x2021; $OWXUD FP Â&#x2021; 0DWHULDO SOiVWLFR Â&#x2021; )XQFLRQDPHQWR PHFkQLFR
$ 3$57,5 '( $126
$ 3$57,5 '( $126
'( $ $126
$ 9LVWD 5
Â&#x2021; 3HUVRQDJHP 0D[ 6WHHO Â&#x2021; $OWXUD FP Â&#x2021; 0DWHULDO SOiVWLFR Â&#x2021; )XQFLRQDPHQWR PHFkQLFR Â&#x2021; $FHVVyULRV DUPD SDUD ERQHFR H '9'
%RQHFD 0DWWHO %% 6RUW *OLWWHU 7 $ 9LVWD 5
Â&#x2021; 3HUVRQDJHP %DUELH Â&#x2021; $OWXUD FP Â&#x2021; 0DWHULDO SOiVWLFR Â&#x2021; )XQFLRQDPHQWR PHFkQLFR
%RQHFD 0DWWHO /0 3ULPHLURV 3DVVRV 5
$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5
(&2120,$ 72'26 26 352'8726 '(67( (1&$57( (67®2 &20 35(d26 35202&,21$,6 ( 6,1$/,=$'26 1$6 /2-$6 &20 80$ (7,48(7$ $0$5(/$
)RWRV PHUDPHQWH LOXVWUDWLYDV
$ 3$57,5 '( $126 $&,0$ '( $126
&RQMXQWR 0DWWHO 3ROO\ 70 GD $YHQWXUD 9 3LVWD 0DWWHO +: 5HY 8SV 7UDFN 9
$ 9LVWD 5 [ [ 5 VHP MXURV
$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5
Â&#x2021; 0DWHULDO SOiVWLFR Â&#x2021; 3HUVRQDJHP +RW :KHHOV Â&#x2021; $FHVVyULRV YHtFXOR
Â&#x2021; 0DWHULDO SOiVWLFR Â&#x2021; 3HUVRQDJHP 3ROO\ 3RFNHW Â&#x2021; $FHVVyULRV ILJXUDV
48$/,'$'( 9$/25,=( 6(8 ',1+(,52 &2035$1'2 48$/,'$'(
& HOXODUHV '(6%/248($'2
'(6%/248($'2 3$5$ 7,0 2, ( &/$52
*UiWLV XPD QpFHVVDLUH
*UiWLV XPD QpFHVVDLUH
1RNLD & 37
$ 9LVWD 5 [ [ 5 VHP MXURV
*UiWLV XPD QpFHVVDLUH
$ 9LVWD 5 [ [ 5 VHP MXURV
$ 9LVWD 5 [ [ 5 VHP MXURV
Â&#x2021; &kPHUD 0S[ Â&#x2021; 03 3OD\HU Â&#x2021; 5iGLR )0 Â&#x2021; %OXHWRRWK Â&#x2021; )RQH RXYLGR
Â&#x2021; &kPHUD 9*$ Â&#x2021; 03 3OD\HU Â&#x2021; 5iGLR )0 Â&#x2021; %OXHWRRWK Â&#x2021; )RQH RXYLGR
$12 5
&2035$ 3527(*,'$
WLD *DUDQ 75$
(;
$126 5
5
WLD *DUDQ 75$
$12 5
&2035$ 3527(*,'$
$126 5
(;
5
1RNLD ( 35 '(6%/248($'2
1RNLD ; $=
1RNLD & 52
$ 9LVWD 5 [ [ 5 VHP MXURV
$ 9LVWD 5 [ [ 5 VHP MXURV &2035$ 3527(*,'$
5
*UiWLV XPD QpFHVVDLUH
WLD *DUDQ 75$
(;
$126 5
$12 5
*UiWLV XPD QpFHVVDLUH
WLD *DUDQ 75$
$126 5
(;
&2035$ 3527(*,'$
5
WLD *DUDQ 75$
(;
(;
$126 5
$ 9LVWD 5 [ [ 5 VHP MXURV
Â&#x2021; &kP 03; Â&#x2021; 03 3OD\HU Â&#x2021; 5iGLR )0 Â&#x2021; %OXHWRRWK Â&#x2021; )RQH RXYLGR Â&#x2021; &DER 86% $12 5
WLD *DUDQ 75$
6RQ\ (ULFVVRQ ; 0LQL 3UR 37 $$7
$ 9LVWD 5 [ [ 5 VHP MXURV
/,95(
$12 5
*UiWLV XPD QpFHVVDLUH
0RWRUROD (; 'XDO &KLS &= $$7
Â&#x2021; &kPHUD 0S[ Â&#x2021; 03 3OD\HU Â&#x2021; 5iGLR )0 Â&#x2021; %OXHWRRWK Â&#x2021; :L )L *36 Â&#x2021; )XQomR 0RGHP * Â&#x2021; )RQH RXYLGR Â&#x2021; &DER 86%
'(6%/248($'2
Â&#x2021; &kPHUD 0S[ Â&#x2021; 03 3OD\HU Â&#x2021; 5iGLR )0 Â&#x2021; %OXHWRRWK :L )L Â&#x2021; )XQomR PRGHP * Â&#x2021; )RQH RXYLGR
'(6%/248($'2
Â&#x2021; &kPHUD 0S[ Â&#x2021; %OXHWRRWK Â&#x2021; :L IL Â&#x2021; 03 3OD\HU Â&#x2021; 5iGLR )0 Â&#x2021; )RQH RXYLGR $12 5
$ 9LVWD 5 [ [ 5 VHP MXURV
Â&#x2021; &kPHUD 0S[ Â&#x2021; %OXHWRRWK Â&#x2021; 03 3OD\HU Â&#x2021; 5iGLR )0 Â&#x2021; )RQH RXYLGR
/,95(
$126 5
$12 5
WLD *DUDQ 75$
$126 5
(;
(&2120,$ 72'26 26 352'8726 '(67( (1&$57( (67®2 &20 35(d26 35202&,21$,6 ( 6,1$/,=$'26 1$6 /2-$6 &20 80$ (7,48(7$ $0$5(/$ /,95(
/,95( /* 7 :LQN 91 $$7
5
$ 9LVWD 5 [ [ 5 VHP MXURV
Â&#x2021; &kPHUD 0S[ Â&#x2021; 03 3OD\HU Â&#x2021; 5iGLR )0 Â&#x2021; %OXHWRRWK Â&#x2021; )XQomR 0RGHP Â&#x2021; )RQH RXYLGR Â&#x2021; &DER 86%
Â&#x2021; &kPHUD 0S[ Â&#x2021; 03 3OD\HU Â&#x2021; 5iGLR )0 Â&#x2021; %OXHWRRWK Â&#x2021; )XQomR 0RGHP Â&#x2021; )RQH RXYLGR Â&#x2021; &DER 86%
WLD *DUDQ 75$
(;
$ 9LVWD 5 [ [ 5 VHP MXURV
$12 5
&2035$ 3527(*,'$
/* & 37 $$7
/* & 'XDO &KLS 37 $$7
$126 5
&2035$ 3527(*,'$
5
$12 5
WLD *DUDQ 75$
(;
$ 9LVWD 5 [ [ 5 VHP MXURV
/,95(
Â&#x2021; &kPHUD 0S[ Â&#x2021; %OXHWRRWK Â&#x2021; :L IL Â&#x2021; 03 3OD\HU Â&#x2021; 5iGLR )0 Â&#x2021; )RQH RXYLGR Â&#x2021; &DER 86% $12 5
$126 5
WLD *DUDQ 75$
(;
$126 5
2)(57$6 9Ã&#x2030;/,'$6 $3(1$6 3$5$ $6 /2-$6 '( 0$1$86 9$/,'$'( $ 28 $17(6 2&255(1'2 2 7e50,12 '2 (67248(
Â&#x2021; 0XVLF 3OD\HU ,QWXLWLYR H GLYHUWLGR Â&#x2021; 'HVLJQ PRGHUQR LGHDO SDUD P~VLFD Â&#x2021; %DWHULD SRWHQWH GH ORQJD GXUDomR Â&#x2021; /DQWHUQD
'(6%/248($'2 3$5$ 7,0 2, ( &/$52
$ YHQGD GD *DUDQWLD ([WUD %HPRO p H[FOXVLYD SDUD SHVVRD ItVLFD
1RNLD ; 37
1RNLD & 37
&2035$ 3527(*,'$
/,95(
5
$ 9LVWD 5 [ [ 5 VHP MXURV
$ 9LVWD 5 [ [ 5 VHP MXURV
Â&#x2021; &kPHUD 0S[ Â&#x2021; 03 3OD\HU Â&#x2021; 5iGLR )0 Â&#x2021; %OXHWRRWK Â&#x2021; )RQH RXYLGR Â&#x2021; &DER 86%
Â&#x2021; &kPHUD 0S[ Â&#x2021; 03 3OD\HU Â&#x2021; 5iGLR )0 Â&#x2021; %OXHWRRWK Â&#x2021; :L )L Â&#x2021; )RQH RXYLGR
$12 5
,62
WLD *DUDQ 75$
(;
$126 5
&2035$ 3527(*,'$
/* 2SWLPXV 2QH 3 37 $$7
/* &RRNLH 3 'XDO &KLS 90 $$7
/* ( $= $$7
/,95(
$12 5
WLD *DUDQ 75$
(;
$ 9LVWD 5 [ [ 5 VHP MXURV Â&#x2021; &kP )URQWDO 03[ Â&#x2021; 03 3OD\HU 5iGLR )0 Â&#x2021; %OXHWRRWK :L )L Â&#x2021; )XQomR 0RGHP * Â&#x2021; 6LVW 2SHU *RRJOH $QGURLG Â&#x2021; )RQH RXYLGR Â&#x2021; &DER 86%
$126 5
/,95(
$12 5
WLD *DUDQ 75$
(;
$126 5
35(),5$ 48(0 6( (6)25d$ ',$5,$0(17( 3$5$ 2)(5(&(5 2 0(/+25 $7(1',0(172
)RWRV PHUDPHQWH LOXVWUDWLYDV
5
9DULHGDGHV &KDSD *DPD 7RR &KLF $33 52
$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5
&(5Ç0,&$
$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5
*DUDQWLD GR IDEULFDQWH DQR 3RWrQFLD : 7HFQRORJLD tRQ /kPSDGD SLORWR 7HPSHUDWXUD DXWR UHJXODGD &RPSULPHQWR GR FDER 0
.LW &KDSD 6HF 0RGHO 0DOORU\ 'LVQH\ /, 52
*DUDQWLD GR IDEULFDQWH DQR 3RWrQFLD : 7HFQRORJLD tRQ /kPSDGD SLORWR 7HPSHUDWXUD DXWR UHJXODGD &RPSULPHQWR GR FDER 0
$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5
$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5
7LSR GH FKDSD FHUkPLFD 3RWrQFLD : 7HFQRORJLD tRQ /kPSDGD SLORWR 7HPSR GH DTXHFLPHQWR VHJ 7HPSHUDWXUD DOFDQoDGD & &RPSULPHQWR GR FDER P 7HQVmR ELYROW
3RWrQFLD : QtYHLV GH WHPSHUDWXUD $FDEDPHQWR $%6 &RPSULPHQWR GR FDER P
)RQWH 'H &KRFRODWH $UQR .LGV )&$. /-
$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5
)RWRV PHUDPHQWH LOXVWUDWLYDV
2)(57$6 9É/,'$6 $3(1$6 3$5$ $6 /2-$6 '( 0$1$86 9$/,'$'( $ 28 $17(6 2&255(1'2 2 7e50,12 '2 (67248(
.LW &KDSD 6HFDGRU 0DOORU\ 'LVQH\ /, 52
&(5Ç0,&$
6HFDGRU *DPD 7RR &KLF $66 52
*DUDQWLD GR IDEULFDQWH DQR )XQomR DTXHFHU )XQomR FLUFXODU /X] SLORWR )iFLO GH OLPSDU $12 5
7URFD *DUDQWLGD
$126 5
3LSRTXHLUD $UQR .LGV 3DN
$ 9LVWD 5 0iTXLQD 'H $OJRGmR [ [ 5 VHP MXURV 2X [ [ 5 'RFH $UQR .LGV $GDN 7RWDO D SUD]R 5 $ 9LVWD 5 *DUDQWLD GR IDEULFDQWH DQR [ [ 5 VHP MXURV [ &ROKHU GRVDGRUD 2X [ [ 5 7DPSD WUDQVSDUHQWH 7RWDO D SUD]R 5 %LFR GLUHFLRQDGRU *DUDQWLD GR IDEULFDQWH DQR $12 7URFD $126 3RWrQFLD : 5 *DUDQWLGD 5 $FHVVyULR
$52
$52
$ 3$57,5 '( $126
$ 3$57,5 '( $126
%LFLFOHWD %DQGHLUDQWH )UHLR WLSR D WDPERU 6HOLP HP SROLXUHWDQR *DWLQKD 52
$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5
%LFLFOHWD &DORL =LJELP 90 37 &2035$ 3527(*,'$
5
$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5
*DUDQWLD GR IDEULFDQWH DQR )UHLR WLSR 7DPERU GLDQWHLUR 6HOLP HP (VSXPD
(&2120,$ 72'26 26 352'8726 '(67( (1&$57( (67®2 &20 35(d26 35202&,21$,6 ( 6,1$/,=$'26 1$6 /2-$6 &20 80$ (7,48(7$ $0$5(/$
$52 %LFLFOHWD 0RQDUN %0; $UR 9'
$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5
monark
$ 3$57,5 '( $126
$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5
$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5
)UHLR WLSR 9 %UDNH WUDVHLUR 6HOLP HP 3ROLXUHWDQR DFROFKRDGR
)UHLR WLSR 9 %UDNH 6HOLP HP HVSXPD
%LFLFOHWD &DORL %DUELH 5RVD 9LYR )XFFLD
$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5
4XDGUR HP DoR FDUERQR *DUIR HP DoR FDUERQR *XLGmR HP DoR )UHLR WLSR 9 EUDNH 3HGDLV HP SROLSURSLOHQR 6HOLP HP HVSXPD
$/80Ì1,2
monark
%LFLFOHWD 0RQDUN %0; 5DQJHU $UR 37 9'
%LFLFOHWD %DQGHLUDQWH &DUV 90
$52
$52
$52
&2035$ 3527(*,'$
5
*DUDQWLD GR IDEULFDQWH DQR )UHLR WLSR WDPERU GLDQWHLUR 6HOLP HP SROLXUHWDQR
$52 $52
$52 $/80Ì1,2
%LFLFOHWD &DORL *ORVV 35 52
monark
%LFLFOHWD 0RQDUN %ULVD $UR 9,
$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5
)UHLR WLSR 9 %UDNH 6HOLP HP HVSXPD
%LFLFOHWD &DORL 0D[ 9 37 $=
&2035$ 3527(*,'$
5
*DUDQWLD GR IDEULFDQWH DQR $ 9LVWD 5 4XDGUR HP DoR FDUERQR [ [ 5 VHP MXURV &kPELR WUDVHLUR F 0 6 2X [ [ 5 )UHLRV EUDNH 7RWDO D SUD]R 5 $ODYDQFD FkPELR JULS V\VWHP
$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5 *DUDQWLD GR IDEULFDQWH DQR )UHLR WLSR 9 %UDNH 6HOLP FRQIRUWiYHO
$52
$/80Ì1,2 %LFLFOHWD &DORL +RW :KHHOV *) &2035$ 3527(*,'$
5
$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5
*DUDQWLD GR IDEULFDQWH DQR )UHLR WLSR FDQWLOHYHU 6HOLP HP HVSXPD
&2035$ 3527(*,'$
5
48$/,'$'( 9$/25,=( 6(8 ',1+(,52 &2035$1'2 48$/,'$'(
2)(57$6 9É/,'$6 $3(1$6 3$5$ $6 /2-$6 '( 0$1$86 9$/,'$'( $ 28 $17(6 2&255(1'2 2 7e50,12 '2 (67248( 1mR MRJXH HVWH HQFDUWH HP YLD S~EOLFD
(035(6$ 5(63216É9(/
621(*$5 e &5,0( 2 FLGDGmR FRQVFLHQWH H[LJH 1RWD )LVFDO QDV VXDV FRPSUDV SRLV VDEH TXH R (VWDGR GHSHQGH GD DUUHFDGDomR SDUD PHOKRUDU D VD~GH D HGXFDomR H D VHJXUDQoD (P D %HPRO IRL SHOR Û DQR FRQVHFXWLYR D HPSUHVD FRPHUFLDO TXH PDLV ,&06 DUUHFDGRX SDUD R (VWDGR GR $PD]RQDV
&(57,),&$d®2 ,62
$WHQGLPHQWR H VHUYLoRV FRP D FHUWL¿ FDomR GH TXDOLGDGH ,62
9$5,('$'( '( 352'8726
0DLV GH PLO LWHQV *DUDQWLD GH TXDOLGDGH H YDULHGDGH GHQWUR GR VHX RUoDPHQWR
%(02/ $0$=21$6 6+233,1* %(02/ $9(1,'$ %(02/ %$55262 %(02/ &$0$38 %(02/ &,'$'( 129$ %(02/ ('8&$1'26 %(02/ *5$1'( &,5&8/$5 %(02/ ,7$&2$7,$5$ %(02/ 0$1$8$5$ 6+233,1* %(02/ 0$75,= %(02/ 0,//(11,80 %(02/ 3217$ 1(*5$ %(02/ 32572 9(/+2 &(1752 %(02/ 32572 9(/+2 6+233,1* %(02/ 678',2 %(02/ 72548$72 %(02/ 0$1$&$3858 /2-$ &20
'LVTXH JUiWLV )DOH FRQRVFR H HVFODUHoD VXDV G~YLGDV
ZZZ EHPRO FRP EU
/2-$ &20 &$,;$ (/(75Ñ1,&2 %5$'(6&2
/2-$ &20 *8,&+È '$ &$,;$
/LPLWH PtQLPR SDUD YHQGD D FUpGLWR 5 &DUWmR %HPRO (P FRPSUDV DWp 5 FOLHQWH FRP R &DUWmR %HPRO SRGHUi FRPSUDU VHP HQWUDGD H VHP MXURV H SDUFHODU HP DWp YH]HV SDUD GLDV GHVGH TXH HVWHMD FRP VHX OLPLWH GLVSRQtYHO -XURV 'HVSHVDV 2SHUDomR GH &UpGLWR 3DUD 3DUFHODV ,JXDLV $ 0 $ $ HP DWp [ $ 0 $ $ HP DWp [ $ 0 $ $ HP DWp [ $ 0 $ $ HP DWp [ $ 0 $ $ HP DWp [ $ 0 $ $ HP DWp [ $ 0 $ $ HP DWp [ -XURV GH 0RUD DR PrV D SDUWLU GR GLD 0XOWD GH 0RUD D SDUWLU GR GLD 26 3/$126 '( 3$*$0(172 $35(6(17$'26 (672 68-(,726 $ $3529$d2 '( &5e',72 &21)250( &5,7e5,26 87,/,=$'26 3(/$ %(02/
$ 68$ 0(/+25 (6&2/+$