1 ", -Ê iÃÖÃÊ Û>ÀiâÊ`i Ê >ÃÌ Ê6°ÊÊ À}iÊ Û>ÀiâÊ`i Ê >ÃÌ Ê<°Ê
/", , /",Ê >À ÃÊ Û>ÀiâÊ`i Ê >ÃÌ Ê °Ê
!"Ê$*Ê 2 ,"ÊÎÈ£nn
#
-
$ Ê
-MFHB MB OVFWB ,JB 4PSFOUP 1FVHFPU FT XÊ*?} >Ê` Ã
&- */'03."%03 t $ $&3%"
(6"%"-"+"3" +"- 4~#"%0 %& "#3*- %&
FM NÈT QSFNJVN FO TV DMBTF
XÊ*?} >ÊVÕ>ÌÀ
=QPKO
-Õ«iÀÛ Ã À\Ê-iÀ} Ê" Ûi À>Ê Ûi À>J v À >` À°V ° ÝÉÊ >À Ê >ÃÌ Ê >À °V>ÃÌ J v À >` À°V ° Ý '0504 $035&4¶" t "-'" 30.&0
-"/;".*&/50 "-'" 30.&0 45&-7*0 '0504 $035&4¶" t "-'" 30.&0
5&$/0-0(¶" %JTQPOF EF MP NFKPS FO UÏSNJOPT EF DPOFDUJWJEBE Z TF HVSJEBE BDPNQB×BEP EF VO EJTF×P JOUFSJPS NVZ FYDMVTJWP
%&4&.1&º0 4F USBUB EF VOB DBNJPOFUB MJHFSB HSBDJBT B MB VUJMJ[BDJØO EF DPNQPOFOUFT EF BMVNJOJP FO BMHVOBT [POBT
(MBEJBEPSB JUBMJBOB
Ah hac]`k `alknpeǗk `a aop] beni] ep]he]j] ao hhaǗ]`k ] jqaǗko aspnaiko( _kj h] Íklan] lnei]Î b]iehe]n mqa hhac] ] jqaopnk ian_]`k
&453&/0 -B QSJNFSB 467 EF "MGB 3PNFP ZB FTUÈ B MB WFOUB FO OVFT USP QBÓT
&M QSJNFS 467 EF "MGB 3PNFP ZB FTU² FO .¹YJDP 4F USBUB EFM 4UFMWJP RVF BVORVF UJFOF VOB CSFWF IJTUPSJB FO FM NFSDBEP NVOEJBM ZB UJFOF DSFEFODJBMFT JNQPSUBOUFT TPCSF UPEP FO NBUFSJB EF TFHVSJEBE EPOEF TF BEKVEJDB FM N²YJNP SFDP OPDJNJFOUP EFM &VSP /$"1 DPO DJODP FTUSFMMBT FO EJDIB NBUFSJB 1PS GVFSB MB NBSDB SFTQFUB MB FTFODJB EFQPS UJWB RVF MMFWBO QPS IFSFODJB QFSP MB MMFWB B VO OJ WFM EJTUJOUP BM BEBQUBS MPT USB[PT EF NBOFSB OPWF EPTB QBSB MB BSNBEPSB -B GSPOUBM DPMPDB VO WBTUP DPGSF DPO MPT FYUSFNPT FOTBODIBEPT Z VOB WPMV NJOPTB TVQFSGJDJF MPT HSVQPT ÂQUJDPT TPO HFOF SPTPT Z BMBSHBEPT DPO VO CPSEF JOUFSOP BGJMBEP Z VO IBMP TVQFSJPS EF MFET RVF GVOHFO DPNP GJSNBT EJTUJOUJWBT BEFN²T EF VO GPOEP OFHSP Z VO QSP ZFDUPS QSJODJQBM MB QBSSJMMB FT SFMBUJWBNFOUF QF RVFÁB DPO MB ZB DM²TJDB GPSNB RVF BMVEF B MB GF NJOJEBE BVOBEP B VO QBUSÂO EF QBOBM Z VO BDFOUP NFU²MJDP JOGFSJPS UPEP DPNQMFNFOUBEP QPS VOB QBS EF BENJTJPOFT EF BJSF FO FM CPSEF CBKP EF MB GBTDJB -PT MBUFSBMFT GPSNBO UFOVFT NÈTDVMPT Z TF
BDFOUÈBO QPS SVFEBT EF QVMHBEBT EF EJ²NFUSP NJFOUSBT RVF MB SFUBHVBSEJB BMCFSHB DBSDBTBT FO EPCMF UPOP VOB BNQMJB QVFSUB DBKVFMB Z VO EJGV TPS DPO EPCMF TBMJEB EF FTDBQF -B DBCJOB FTUBS² EFTUJOBEB B PGSFDFS FTQBDJP QBSB IBTUB DJODP QBTBKFSPT BEFN²T EF RVF MB DB TB QSPEVDUPSB QSFUFOEF FM VTP EF NBUFSJBMFT EF BM UB DBMJEBE &M UBCMFSP QPS FKFNQMP TFS² SFDVCJFS UP QBSDJBMNFOUF FO NBUFSJBMFT TVBWFT NJFOUSBT RVF MPT BTJFOUPT TF SFWFTUJS²O EF DVFSP RVF QVF EF TFS UFÁJEP FO EJTUJOUBT UPOBMJEBEFT Z DPOUSBT UBEP QPS DPTUVSBT BQBSFOUFT -BT PSOBNFOUBDJP OFT QSJODJQBMFT TFS²O FO BDBCBEP BMVNJOJP DFQJMMBEP Z TF DPMPDBS² FO MBT WJTUBT JOUFSOBT EF MBT QVFSUBT DPOTPMB DFOUSBM QFEBMFT Z WPMBOUF &M TJTUFNB EF JOGPFOUSFUFOJNJFOUP TFS² QSP WJTUP QPS VOB QBOUBMMB DFOUSBM EF QVMHBEBT RVF UFOES² DBQBDJEBE EF TPQPSUBS JOUFSGBDFT DPNP "OESPJE "VUP Z "QQMF $BS1MBZ BEFN²T EF DPOFD UJWJEBE W½B JOBM²NCSJDB DPOUSPMFT EF BVEJP FO FM WPMBOUF Z TPOJEP EF CPDJOBT GJSNBEP QPS )BS NBO ,BSEPO "EFN²T FYJTUF VOB BNQMJB MJTUB EF
BNFOJEBEFT QBSB MB DPNPEJEBE EF MPT USJQVMBO UFT FOUSF MBT DVBMFT TF FOMJTUB FM UFDIP QBOPS²NJ DP FM BJSF BDPOEJDJPOBEP EJHJUBM QPS [POBT Z BKVT UFT FM¹DUSJDPT EF MPT BTJFOUPT QPS NFODJPOBS BMHVOBT
4FHVSJEBE Z EFQPSUJWJEBE "MGB 3PNFP IBDF ¹OGBTJT FO MBT WJSUVEFT EF VOB EF MBT NBUFSJBT N²T JNQPSUBOUFT MB TFHVSJ EBE %JDIP SVCSP TF DPNQPOF EF VOB HFOFSPTB MJT UB EF FMFNFOUPT FOUSF MPT DVBMFT EFTUBDBO PDIP CPMTBT EF BJSF DPOUSPM EF DSVDFSP BEBQUBUJWP BE WFSUFODJB EF DPMJTJÂO GSPOUBM NPOJUPS EF QVOUP DJFHP Z BMFSUB EF US²GJDP DSV[BEP DPOUSPM EF FTUB CJMJEBE BTJTUFOUF EF BSSBORVF Z EFTDFOTP FO QFO EJFOUFT BMFSUB EF BCBOEPOP EF DBSSJM GSFOPT "#4 BODMBKF QBSB TJMMBT EF JOGBOUFT Z VO MBSHP FUD¹UF SB FO FTUF SBNP #BKP FM DVSWJM½OFP DPGSF TF FODVFOUSB VO NP UPS DPO JOZFDDJÂO EJSFDUB EF DVBUSP DJMJOESPT FO M½OFB EF MJUSPT EF EFTQMB[BNJFOUP Z UVSCP DPNQSFTPS JOUFHSBEP BEFN²T EF TFS IFDIP FO
BMVNJOJP &M QSPQVMTPS TF FODBSHBS² EF EFTBSSP MMBS DBCBMMPT EF GVFS[B Z MC QJF EF UPSRVF RVF TFS² EJTUSJCVJEP B MBT DVBUSP SVFEBT HSBDJBT B VOB USBOTNJTJÂO BVUPN²UJDB EF PDIP WFMPDJEB EFT Z BM TJTUFNB EF USBDDJÂO JOUFHSBM i2 w 0USPT EF MPT BDFOUPT RVF GBWPSFDFO BM EFTFN QFÁP TPO FM BIPSSP EF QFTP DPO DPNQPOFOUFT EF BMVNJOJP DPNP FM UFDIP EFM WFI½DVMP GBNJMJBS FM TFMFDUPS EF NPEPT EF NBOFKP DPO PQDJPOFT %ZOB NJD /BUVSBM Z "EWBODF &GGJDJFODZ MB TVTQFOTJÂO BDUJWB QBMFUBT EF DBNCJP EFUS²T EFM WPMBOUF Z FM FKF EF USBOTNJTJÂO IFDIP EF GJCSB EF DBSCPOP QPS FKFNQMP 6OB TPMB WFSTJÂO 4UFMWJP 5* FT MB RVF MMFHB B .¹YJDP EJSFDUBNFOUF EF MB G²CSJDB FO $BTTJOP *UBMJB MB DVBM TF DPMPDB DPO VO QSFDJP QPS VOJEBE EF VO NJMMÂO NJM QFTPT NFYJDBOPT Z EFTEF FT UF NFT FTUBS² EJTQPOJCMF FO UPEPT MPT DPODFTJPOB SJPT "MGB 3PNFP EFM QB½T DPO DJODP UPOBMJEBEFT FYUFSJPSFT B FMFHJS %F NBOFSB QPTUFSJPS "MGB 3P NFP BÁBEJS² WFSTJPOFT QFSP OP TF IBO IFDIP EFM DPOPDJNJFOUP QÈCMJDP MBT GVUVSBT DBSBDUFS½TUJDBT
Ê ", ", &- */'03."%03
1~(*/" #
4 CBEP EF BCSJM EF '0504 &- */'03."%03 t $ $&3%"
6/ (6*º0 " -" #&--&;" .ÈT BMMÈ EF TV CPOJUB DBSB NFDÈOJDBNFOUF OPT FODPOUSBNPT DPO MB OPWFEBE EF RVF IBZ VOB PQDJØO EF DVBUSP DJMJOESPT RVF TF TVNB B MBT ZB DPOPDJEBT 7
-"/;".*&/50 ,*" 403&/50
1BTP FO MB
EJSFDDJØO DPSSFDUB H] i]tkn `a h]o OQR `a aop] i]n_] _kna]j] na_e^e iafkn]o `a ia`e] Ǘe`] l]n] nabnao_]n oq kbanp] aj I se_k ,JB SFBMJ[Â VOB SFOPWBDJÂO BM 4PSFOUP RVF B QBSUJS EFM BÁP NPEFMP DPOUBS² FOUSF PUSBT DPTBT DPO VOB OVFWB WFSTJÂO EF DVBUSP DJMJOESPT VOB OVFWB DBKB EF PDIP SFMBDJPOFT QBSB MBT WBSJBOUFT 7 Z MB JNBHFO SFNP[BEB EF FTUB 467 RVF TFHÈO MPT EBUPT EF MB BSNBEPSB TF DPMPDB DPNP MB M½EFS JOEJTDVUJ CMF FO WFOUBT EF TV DBUFHPS½B )BZ EJWFSTPT DBNCJPT B OJWFM EJTFÁP RVF QVEJ NPT OPUBS FO OVFTUSB QSVFCB EF NBOFKP -PT N²T FWJEFOUFT TF DPMPDBO FO MB QBSUF EFMBOUFSB EPOEF TF DPMPDB VOB QBSSJMMB N²T HSBOEF Z GBSPT VO UBOUP N²T EFMHBEPT Z FTUJMJ[BEPT RVF BEFN²T JOUFHSBO VOB OVFWB GJSNB MFE JOGFSJPS FO UPOP BNBSJMMP MPT GBSPT EF OJFCMB SFTQFUBO DBTJ FO TV UPUBMJEBE MB GJ HVSB EF BOUBÁP BVORVF VOB WF[ N²T DPO MFWFT WB SJBDJPOFT Z VO OVFWP BEPSOP DSPNBEP BMSFEFEPS EF MPT NJTNPT MB GBTDJB UJFOF VOB EJWJTJÂO FO USFT NÂ EVMPT Z FTP DJFSSB FM QSJNFS UFSDJP EF MB DBNJPOFUB GBNJMJBS -PT DPTUBEPT TPO QS²DUJDBNFOUF MPT NJT NPT Z MB QBSUF USBTFSB BÁBEF DBMBWFSBT DPO MVDFT MFE Z VO OVFWP EJGVTPS JOGFSJPS &M SFTVMUBEP OPT QBSF DF TPCSJP Z CJFO MPHSBEP DPO VO DPOKVOUP BSNÂOJ DP BVORVF OP QSPQPTJUJWP &M JOUFSJPS QSFTFOUB NPEJGJDBDJPOFT N²T NP EFTUBT DPO VO WPMBOUF RVF BÁBEF VO CSB[P FYUSB B TV EJTFÁP QBTBOEP EF USFT B DVBUSP &M SFTUP FT TJ NJMBS B MP RVF ZB DPOPD½BNPT DPO CVFOPT NBUFSJB MFT FO HFOFSBM DPNP DVFSP FO MBT WFTUJEVSBT EF BM HVOBT WFSTJPOFT JOTFSUPT UJQP NBEFSB FO QVFSUBT Z QBSUF EFM UBCMFSP Z VO SFDVCSJNJFOUP BOUJ SFGMFKBO UF FO MB TVQFSGJDJF EFM ÈMUJNP EF MPT DPNQPOFOUFT NFODJPOBEPT &M FRVJQP QVFEF PGSFDFS VOB QBOUBMMB EF TJFUF V PDIP QVMHBEBT EFQFOEJFOEP EFM OJWFM EF FRVJ QP BEFN²T EF RVF FT DPNQBUJCMF DPO EJTQPTJUJWPT DPO TJTUFNB PQFSBUJWP "OESPJE "VUP Z "QQMF $BS 1MBZ " QBSUJS EF MB TFHVOEB WFSTJÂO IBZ DBSHBEPS JOBM²NCSJDP QBSB UFM¹GPOPT JOUFMJHFOUFT BEFN²T EF WPMBOUF DPO DBMFGBDDJÂO TPOJEP )BSNBO ,BSEPO UFDIP QBOPS²NJDP BTJFOUPT UFSNP SFHVMBCMFT BJSF BDPOEJDJPOBEP EJHJUBM QPS [POBT FOUSBEBT 64# EF MBOUFSBT Z VOB N²T FO MB TFHVOEB GJMB TBMJEBT EF BJ SF USBTFSBT FOUSBEB EF DBSHBEPS EF QBSFE FOUSF PUSBT BNFOJEBEFT
&TUB UFSDFSB HFOFSBDJÂO DPOUBS² DPO FMFNFO UPT EF TFHVSJEBE DPNP TFJT CPMTBT EF BJSF BTJTUFO UF EF BTDFOTP FO QFOEJFOUF NPOJUPS EF QVOUP DJF HP D²NBSB DPO WJTJÂO EF HSBEPT GSFOPT "#4 DPOUSPM FMFDUSÂOJDP EF FTUBCJMJEBE DPO HFTUJÂO EF MB NJTNB BMFSUB EF US²GJDP DSV[BEP Z BMHVOPT BTJTUFO UFT N²T %PT TFS²O MBT PQDJPOFT EF NPUPSJ[BDJÂO MB EF DVBUSP DJMJOESPT DPO VO EFTQMB[BNJFOUP EF MJ USPT Z DBCBMMPT Z MJCSBT QJF BDPQMBEP B VOB DBKB BVUPN²UJDB EF TFJT WFMPDJEBEFT -B TFHVOEB UJFOF VO 7 EF MJUSPT Z DBCBMMPT DPO USBOT NJTJÂO BVUPN²UJDB EF PDIP SFMBDJPOFT Z MB QPTJCJMJ EBE EF UFOFS USBDDJÂO JOUFHSBM -BT DJODP WFSTJPOFT EF FTUB VUJMJUBSJB ZB TF FO DVFOUSBO FO MPT DPODFTJPOBSJPT EF MB NBSDB FO UP EP .¹YJDP DPO QSFDJPT RVF WBO EFTEF MPT NJM QFTPT QBSB MB WFSTJÂO EF FOUSBEB Z IBTUB MPT NJM QFTPT QBSB MB WBSJBOUF RVF GVOHF DPNP UPQF EF HBNB
$VNQMF FO UPEP BTQFDUP "DVEJNPT B MB QSVFCB EF NBOFKP EF MBO[B NJFOUP EF MB OVFWB 4PSFOUP Z FM CBMBODF QP ES½B DPOTJEFSBSTF QPTJUJWP FO NVDIPT EF MPT BTQFD UPT RVF PGSFDF FTUB SFOPWBEB DBNJPOFUB GBNJMJBS &M EJTFÁP OPT QBSFDJÂ CVFOP DPO VO QBTP IB DJB MB EJSFDDJÂO DPSSFDUB BVORVF UBM WF[ BMHVOPT IVCJFSBO QSFGFSJEP BMHP N²T BUSFWJEP TPCSF UPEP BM JOUFSJPS RVF QFSNBOFDF DBTJ TJO NPEJGJDBDJPOFT -B DBCJOB FT DÂNPEB Z DPO VO CVFO OJWFM EF WJ TJCJMJEBE Z MB TFHVOEB GJMB EF BTJFOUPT HP[B EF VO FTQBDJP TVGJDJFOUF QBSB QJFSOBT DBEFSBT Z IPN CSPT BEFN²T EF RVF MBT WFOUJMBT EFM BJSF BTJFOUPT SFDMJOBCMFT Z FOUSBEB 64# OPT EFKBSPO DPO VO CVFO TBCPS EF CPDB &M NBOFKP FT CVFOP DPO MPT EPT NPUPSFT FWJ EFOUFNFOUF DPO FM 7 TF TJFOUF VOB NFKPS SFBDDJÂO QPS MB NBZPS EPTJT EF QPUFODJB &O BNCPT DBTPT FM BQMPNP WB EJTNJOVZFOEP NJFOUSBT MB BHVKB EFM WF MPD½NFUSP WB FO BVNFOUP QFSP FTUP TVDFEF QPS BSSJ CB EF MPT LN I WFMPDJEBE B MB RVF QPTJCMFNFO UF OBEJF EFCFS½B NBOFKBS VO WFI½DVMP EF FTUBT DBSBDUFS½TUJDBT -B OVFWB DBKB EF DBNCJPT SFTVMUB VO QPDP MFO UB FO MBT QSJNFSBT EPT NBSDIBT QFSP VOB WF[ QBTB EBT MB EJO²NJDB NFKPSB DPOTJEFSBCMFNFOUF BEF N²T IBZ QBMFUBT EF DBNCJP EFUS²T EFM WPMBOUF RVF QFSNJUFO KVHBS DPO MPT DBNCJPT -B DPOKVODJÂO EF FMFNFOUPT SFTVMUB QPTJUJWB Z EFTEF MB TFHVOEB WFSTJÂO ZB TF PCUJFOF VO QSPEVD UP JOUFSFTBOUF Z DPO QPUFODJBM QBSB QSFWBMFDFS DP NP VOB EF MBT GBWPSJUBT EF TV DBUFHPS½B $¹TBS $FSEB .POUFSSFZ $VBUSP $JFOFHBT
FS
M DVBM NBOUJFOF DJ 4PSFOUP FTUÈ FO TV EJTF×P F
PT FO MB OVFWB BT WJSUVEFT RVF FODPOUSBN &-&("/5& 6OB EF MBT NÈYJN MB QPOFO BM EÓB PT RVF UB TPCSJFEBE QFSP DPO USB[
P FO BSNBEB Z EJTQ UBNCJÏO FTUÈ CJ UF FO N DB HJ MØ OP P OJNJFOU BCMF UFD POFSÓB FT MP QBMQ BTÓ DPNP FOUSFUF EJTUJOUP FO MB CPU OGPSNBDJØO BDFSDB EFM WFIÓDVMP P UJM FT O 6 0 *1 .«4 &26 B FODPOUSBS J BOUBMMB UÈDUJM QBS OFNPT EF VOB Q
Ê ", ", &- */'03."%03
4 CBEP EF BCSJM EF
1~(*/" #
*/%6453*"
Ê ",/"
$035&4¶" t $)&730-&5
.ÈT QPUFOUF $035&4¶" t .";%"
.B[EB IB SFDJCJEP MBT TVHFSFODJBT TPCSF FM .9 P BM NFOPT FTP QBSFDF 4FHÞO BMHVOPT SFQPSUFT MB GJSNB KBQPOFTB BHSF HBSÓB DBCBMMPT BM CJQMB[B QBSB TV B×P NPEFMP Z MP EFKB SÓB FO DBCBMMPT EF GVFS[B &TUP SFQSFTFOUBSÓB VO JODSF NFOUP EF FRVJOPT FO UPUBM BVORVF GBMUB MB DPOGJSNBDJØO QPS QBSUF EF MB NBSDB
-MFHBEB BOUJDJQBEB $035&4¶" t 5&4-"
:B WJTMVNCSBO VO TVDFTPS $IFWSPMFU QVFEF KBDUBSTF EF RVF TV #PMU &7 IB UFOJEP VOB CVFOB SFDFQDJØO FO EJWFS BEFNÈT EF RVF FTQFSBO RVF FM QSFDJP OP UFOHB VO BVNFOUP JNQPSUBOUF QVFT TF TPT NFSDBEPT BM HSBEP EF RVF ZB TF BUSFWFO B BOVODJBS TVT QMBOFT B GVUVSP DPO FTUF NPEF TVQPOF MB UFDOPMPHÓB QFSNJUJSÈ EJTNJOVJS DPTUPT "EFNÈT TF EJDF RVF EJDIB OVFWB WFSTJØO UFOESÈ VOB BVUPOPNÓB NFKPSBEB EF IBTUB MP UPUBMNFOUF FMÏDUSJDP &M WFIÓDVMP ZB UFOESÓB QMBOFBEP FM MBO[BNJFOUP EF VOB OVFWB HFOFSBDJØO QBSB FM B×P DBTJ LJMØNFUSPT QPS DBSHB
"VORVF 5FTMB IB NFKPSBEP TVT OÞNFSPT EF QSPEVDDJØO OP MF IB BMDBO[BEP QBSB SFHVMBSJ[BSTF DPO MB EFNBOEB BDUVBM EFM .PEFM "VO BTÓ MB GJSNB DBMJGPSOJBOB QPESÓB BEFMBOUBS MB QSPEVDDJØO EF TV QSØYJNP DSPTTPWFS MB DVBM TF EJDF DPNFO [BSÓB FO FM QSØYJNP NFT EF OPWJFNCSF EFM B×P
/P TF EBO BCBTUP &41&$*"-
-B DPNQB×ÓB JUBMJBOB "MDBOUBSB 4 Q " EFEJDBEB B QSPWFFS DPO "MDBOUBSB B MBT BSNBEPSBT EF DPDIFT OP TF EB BCBTUP BOUF MB DSFDJFOUF EFNBOEB EF EJDIP NBUFSJBM : FT RVF FTUF SFDVCSJNJFOUP FT DBEB WF[ NÈT QPQVMBS Z MB GJSNB FVSPQFB TF IB WJTUP FO MB OFDFTJEBE EF SFTDJOEJS FM EF TVT DPOUSB UPT DPO NBSDBT BKFOBT B MBT BVUPNPUSJDFT
$VFTUJØO EF UJFNQP $035&4¶" t '03%
)BDF VO QBS EF NFTFT 'PSE QSFTFOUØ B MB OVFWB 3BOHFS 3BQ UPS QBSB 5BJMBOEJB 3FDJFOUFNFOUF TF DBQUØ B EJDIP BVUPNPUPS IBDJFOEP QSVFCBT FO .JDIJHBO &TUBEPT 6OJEPT QPS MP RVF FM BSSJCP EF EJDIP QSPEVDUP B /PSUFBNÏSJDB FTUBSÓB QSÈDUJDB NFOUF TFMMBEP Z TFSÓB DVFTUJØO EF NFTFT QBSB RVF DPNJFODF B TFS WFOEJEP EF FTUF MBEP EFM NVOEP
4FSÓB SFFNQMB[BEP $035&4¶" t $)&730-&5
"VORVF (FOFSBM .PUPST BDBCB EF QSFTFOUBS FM SFEJTF×P EF NFEJB WJEB EFM 4QBSL FYJTUFO BHFODJBT JOGPSNBUJWBT RVF BGJS NBO RVF FM WFIÓDVMP OP UFOESÓB VOB TJHVJFOUF HFOFSBDJØO QVFT EJDIP BVUP DFEFSÓB TV FTQBDJP EF QSPEVDDJØO QBSB FM EF TBSSPMMP Z FOTBNCMF EF VO OVFWP DSPTTPWFS NJTNP RVF MMFHB SÓB FO VO QBS EF B×PT NÈT
Ê ", ", &- */'03."%03
1~(*/" #
4 CBEP EF BCSJM EF
1&6(&05
Aopa oa` j ia`e]jk ]`klp] h] jqaǗ] behkokb ] `a h] i]n_]( mqa lkj`an] ]h _kj`q_pkn t qj] ]l]neaj_e] naiku]`] 5BM Z DPNP TF IB WVFMUP DPTUVNCSF FO MPT ÈMUJNPT UJFN QPT 1FVHFPU OPT TPSQSFOEJÂ DPO MB SFOPWBDJÂO EF VOP EF TVT WFI½DVMPT "IPSB GVF FM UVSOP EFM RVF FOUSF HBS² VO OVFWP EJTFÁP JOUFSOP Z FYUFSOP DPO VOB QSP QVFTUB EF NPUPSFT RVF TF JS² DPNQMFUBOEP DPO FM QBTP EFM UJFNQP FO FM NFSDBEP FVSPQFP -B GBDIBEB EF FTUF BVUPNÂWJM BEPQUB MPT OVFWPT USB[PT Z GPSNBT RVF IFNPT WJTUP FO SFDJFOUFT EFWFMBDJP OFT DPNP MPT EF MBT 467 Z QPS FKFNQMP "VO BT½ IBZ EJGFSFODJBT QVOUVBMFT Z QSPQJBT EF FTUF BVUPNP UPS DPNP VO HFOFSPTP DPGSF DPO VOB EVQMB EF USB[PT FO MB TVQFSGJDJF QBSB QPS EFCBKP DPMPDBS MB MFZFOEB i w KVTUP QPS FODJNB EFM MFÂO RVF PUPSHB JEFOUJEBE B FTUB NBSDB BVUPNPUSJ[ -PT GBSPT TPO BNQMJPT Z DPO VO BQ¹OEJDF MVNJOPTP JOGFSJPS NVZ DBSBDUFS½TUJDP EF FTUF NPEFMP RVF BEFN²T UJFOF VOB QBSSJMMB NFEJBOB DPO VO NBSDP DSPNBEP Z NPUJWPT UJQP DBTDBEB -PT DPTUBEPT NVFTUSBO VO UFDIP DVSWP DPO M½OFBT EF FYQSFTJÂO FO MB QBSUF TVQFSJPS EF MBT QVFSUBT Z SJOFT EF BMFBDJÂO EF BMV NJOJP Z EJTFÁP FYDMVTJWP "US²T TF DPMPDB VOB DBKVFMB DPO VO BMFSÂO MVDFT DPO EJTFÁP USJEJNFOTJPOBM Z VO QB SBHPMQFT BCVMUBEP Z DPO VO EJGVTPS DPO VOB EPCMF TBMJ EB EF FTDBQF &M IBCJU²DVMP TF GPSNBS² DPO VO UBCMFSP DPO VOB BS RVJUFDUVSB EF EJTUJOUPT WPMÈNFOFT QFSP SFDVCJFSUB EF QM²TUJDPT TVBWFT Z QJFM EFQFOEJFOEP EF MB WFSTJÂO BE RVJSJEB -PT BTJFOUPT UBNCJ¹O QPES²O PGSFDFS DVFSP FO MBT WFSTJPOFT UPQF QFSP QPES½B FMFHJSTF UFMB FO DBTP TF BT½ EFTFBSTF -PT SFNBUFT PSOBNFOUBMFT TFS²O MPHSBEPT DPO NBEFSB SFBM UJSBT EF JMVNJOBDJÂO MFE BT½ DPNP DPT UVSBT BQBSFOUFT Z NBOJKBT Z PUSPT WJWPT FO BMVNJOJP &O FM SVCSP EF MBT BNFOJEBEFT TF QPES² FMFHJS FO USF QBOUBMMBT EF Z QVMHBEBT QFSP MBT OPWFEBEFT BCBS DBO FM SFOPWBEP TJTUFNB PQFSBUJWP DPNQBUJCMF DPO "O ESPJE "VUP Z "QQMF $BS1MBZ BEFN²T EF VOB CBOEFKB EF DBSHB JOBM²NCSJDB QBSB UFM¹GPOPT JOUFMJHFOUFT FM TJTUF NB EF TPOJEP GJSNBEP QPS 'PDBM BTJFOUPT DPO GVODJÂO EF NBTBKF BJSF BDPOEJDJPOBEP EJHJUBM Z QPS [POBT D² NBSB EF WJTJÂO EF HSBEPT NPEP EF WJTJÂO OPDUVS OP Z VOB MBSHB MJTUB N²T EF DPNQPOFOUFT RVF NFKPSB S½BO MB FYQFSJFODJB EF NBOFKP TFHÈO EBUPT EF MB QSPQJB DBTB EF QSPEVDDJÂO -B JODMVTJÂO EF NPUPSFT JS² QPS GBTFT Z FO FTUB QSJ NFSB MB EF MBO[BNJFOUP TF JODMVZF VO NPUPS EF HBTP MJOB EF DBCBMMPT EF GVFS[B BT½ DPNP VOB DBKB BVUP N²UJDB EF PDIP SFMBDJPOFT %F NBOFSB QPTUFSJPS FO TFQUJFNCSF QBSB TFS QSFDJTPT TF BÁBEJS²O EPT QSPQVM TPSFT B EJFTFM EF Z PUSB WF[ FRVJOPT QBSB GJOB MJ[BS DPO VOB WBSJBOUF I½CSJEB FODIVGBCMF QBSB FM PUPÁP EFM BÁP TJHVJFOUF 1FTF B RVF MB BSNBEPSB HBMB TF FODVFOUSB FO DPOT UBOUF NFKPSBNJFOUP EF TV QPSUBGPMJP FO OVFTUSP QB½T BÈO OP DPOGJSNB P EFTDBSUB MB JODPSQPSBDJÂO EF FTUF QSPEVDUP BM NFSDBEP OBDJPOBM QPS MP RVF IBCS² RVF FT QFSBS TJ FYJTUF VOB QPUFODJBM MMFHBEB Z EF IBCFSMP DPO RV¹ IPNPMPHBDJÂO MP IBS½B "VSFMJP -ÂQF[ 3PDIB (JOFCSB
'0504 $035&4¶" t 1&6(&05
*.10/& -PT USB[PT RVF BEPQUB MP IBDFO WFS DPNP VOP EF MPT BVUPT NÈT BUSBDUJWPT EF TV TFHNFOUP
1PSUF GSBODÏT NOVEDAD
7&-0; -BT WBSJBOUFT EFM DPOKVOUP NFDÈOJDP MP GPSUBMFDFO BOUF TVT SJWBMFT
.0%&3/0 -B BSRVJUFDUVSB JOUFSJPS NBSDB VOB OVFWB UFOEFODJB FO FM NFSDBEP
"/",Ê Ê ,, +1 -iÀ} Ê" Ûi À>
$VBOEP DPNQSBS VO 'FSSBSJ OP FT TVGJDJFOUF -B HSBO NBZPS½B EF MBT QFSTPOBT VTB FM BVUPNÂWJM TPMP QBSB FM GJO QBSB FM DVBM GVF IFDIP USBOTQPSUBS TF 4JO FNCBSHP N²T EF BÁPT EFTQV¹T EF TV JO WFODJÂO Z DPO TV FOPSNF QPQVMBSJEBE FM BVUP FT PC KFUP EF EFTFP Z DVMUP QBSB NVDIPT &M BNPS QPS ¹M TF QFSDJCF DPO UBM GVFS[B RVF FO MBT DJVEBEFT RVF WJFSPO OBDFS BMHVOBT EF MBT NBSDBT FNCMFN²UJDBT EFM NVOEP FYJTUF UPEB VOB FTUSVDUVSB EFTBSSPMMBEB QBSB SFDJCJS DMJFOUFT Z UVSJTUBT : BMHVOPT MMFHBO B JOWFSUJS NJMMPOFT TJNQMFNFOUF QBSB QBTBS VO CVFO SBUP TJO DPNQSBS BCTPMVUBNFOUF OBEB 6OB EF MBT NBSDBT RVF NFKPS IB EFTBSSPMMBEP FTUF DPODFQUP FT 7PMLTXBHFO DVZB DJVEBE OBUBM 8PMGTCVSHP DVFOUB DPO VOB FTQFDUBDVMBS FTUSVDUV SB BMSFEFEPS EF MB RVF BÈO FT MB QSJODJQBM G²CSJDB QSPEVDUPSB EF WFI½DVMPT EF &VSPQB &M DMJFOUF RVF RVJFSB QVFEF SFDPHFS TV BVUP FO EPT FEJGJDJPT HB SBHF DJM½OESJDPT Z HFNFMPT DPNQMFUBNFOUF SPCPUJ [BEPT "M DPOUSBSJP EF MP RVF NVDIPT QJFOTBO SF DPHFS FM BVUP FO MB G²CSJDB OP FT N²T CBSBUP RVF IBDFSMP FO VO EJTUSJCVJEPS EF IFDIP TF QBHB FYUSB QPS FM iQSJWJMFHJPw : NJMFT EF DMJFOUFT EF UPEP FM NVOEP EFDJEFO BT½ IBDFSMP JODMVZFOEP BMHVOPT EF .¹YJDP &O FM FOPSNF DPNQMFKP IBZ UBNCJ¹O VO NBH O½GJDP NVTFP EFM BVUPNÂWJM OP TPMP EF BVUPT EF MB NBSDB TJOP RVF NVDIPT JNQPSUBOUFT FO MB IJTUPSJB EFM DPDIF FO HFOFSBM IBZ VO DFOUSP EF FYIJCJDJP OFT EF DBEB VOB EF MBT NBSDBT EFM HSVQP PCWJBNFO UF EJTFÁBEPT CBKP MB GJMPTPG½B EF DBEB VOB 5BNCJ¹O IBZ QPS TVQVFTUP IPUFMFT EF MVKP SFTUBVSBOUFT Z UP EP MP RVF VO WJTJUBOUF QVFEF RVFSFS P OFDFTJUBS #.8 UJFOF BMHP TJNJMBS FO .VOJDI BVORVF EF NFOPSFT EJNFOTJPOFT DPO VO NVTFP FYDMVTJWP EF
MBT NBSDBT .*/* #.8 Z 3PMMT 3PZDF IPUFMFT Z UBNCJ¹O VO QSPHSBNB EF FOUSFHB EF BVUPT EJSFDUB BM DMJFOUF GJOBM
7FOEJFOEP FYQFSJFODJBT $VBOEP IBCMBNPT EF BVUPT OP QPEFNPT TFQB SBS MB QBTJÂO : QSPCBCMFNFOUF OJOHVOB NBSDB EFT QJFSUF N²T QBTJPOFT RVF MB JUBMJBOB 'FSSBSJ "MSFEF EPS EF TV ÈOJDB G²CSJDB FO .BSBOFMMP VCJDBEB FO FM DPSB[ÂO EF *UBMJB QPDP B QPDP TF GVF EFTBSSPMMBOEP BMHP TJNJMBS DPO UJFOEBT SFTUBVSBOUFT Z IPUFMFT .²T RVF QMBOFBEP TJO FNCBSHP MP RVF TF EJP FO MB DBTB EF 'FSSBSJ GVF N²T PSH²OJDP OBUVSBM &M IPUFM RVF FTU² BM MBEP EF MB G²CSJDB QPS FKFNQMP QBSB FM WJTJUBOUF UJFOF MB JONFOTB WFOUBKB EF MB VCJDBDJÂO QFSP OP PGSFDF QSFDJTBNFOUF FM BMPKBNJFOUP RVF FM DMJFOUF EF MB NBSDB FTU² BDPTUVNCSBEP B VTBS 1FSP MB DPNJEB EFM 3JTUPSBOUF &M $BCBMMJOP KVTUP BM MBEP FT NBHO½GJDB &M DPOKVOUP OP FTU² NBM QPSRVF BM DPOUSBSJP EF MBT EFN²T NBSDBT MP RVF WFOEF 'FSSB SJ FO FTUF DBTP OP TPO BVUPT BM NFOPT OP EF VOB NB OFSB EJSFDUB TJOP FYQFSJFODJBT : QBSB UFOFSMBT OP FT OFDFTBSJP JS B .BSBOFMMP CBTUB UFOFS EJOFSP .V DIP EJOFSP -B N²T JNQPSUBOUF EF FTBT FYQFSJFODJBT TF MMB NB $PSTF $MJFOUJ BMHP BT½ DPNP iMB QJTUB EFM DMJFO UFw 1BSB TFS QBSUF EF FTF DMVC HFOUF EF UPEP FM NVO EP QBHB FOUSF VO NJMMÂO Z DVBUSP NJMMPOFT EF FVSPT QPS BÁP FOUSF NJMMPOFT Z NJMMPOFT EF QFTPT QBSB RVF VO FRVJQP MMFWF FM BVUP EF MB NBSDB RVF FMJ HJÂ RVF QVFEF TFS VOP EF 'ÂSNVMB 6OP QPS FKFN QMP Z MP QPOHB FO DVBMRVJFS DJSDVJUP EFM QMBOFUB RVF FM DMJFOUF RVJFSB RVF FTU¹ IPNPMPHBEP QBSB ' DMBSP FO FM E½B RVF ¹M EJHB TJFNQSF Z DVBOEP IB ZB EJTQPOJCJMJEBE &M DPTUP WBS½B FO GVODJÂO EFM BV UP RVF RVJFSBO DPOEVDJS /P FT MP NJTNP NBOFKBS VO DPDIF RVF GVF QJMPUFBEP QPS .JDIBFM 4DIVNB DIFS RVF VOP RVF BOEVWP FO MBT NBOPT EF +FBO "MF TJ P 3VCFOT #BSJDIFMMP -B BDUJWJEBE MF EFKB B 'FSSBSJ N²T EJOFSP RVF MB WFOUB EF NFSDBOD½BT DPO TV OPNCSF Z MPHPUJQP FO FMMBT 1PSRVF DVBOEP TF UJFOF NVDIP NVDIP N²T EJOFSP EF MP RVF TF OFDFTJUB MP JOUFSFTBOUF FT FO DPOUSBS FO RV¹ HBTUBSMP : N²T RVF DPTBT MPT NJMMP OBSJPT EF IPZ CVTDBO WJWJS FYQFSJFODJBT "T½ EF TJN QMF W²MJEP Z FOWJEJBCMF
Ê ", ", &- */'03."%03
4 CBEP EF BCSJM EF
/*44"/ *.9 ,630 $0/$&15
$035&4¶" t /*44"/
$PODFQUVBMJTNP QVSP H]o OQR `ah i] ]j] l]n] aop] i]n_] paj`n j qj oejb j `a jkǗa`]`ao t pa_jkhkc ]o lkn ej_knlkn]n 5PEBT MBT NBSDBT UJFOFO MB WJTUB FO FM EFTBSSPMMP B GVUVSP EF UPEBT TVT DBUFHPS½BT FO TVT SFTQFDUJWPT QPSUBGPMJPT EF QSPEVDUP &O /JTTBO OP FT MB FYDFQDJÂO Z ZB USBCBKBO DPO NJSBT BM NBÁBOB EF TVT DSPTTPWFST DPO FM DPODFQUP QSFTFOUBEP FO (JOFCSB FM *.Y ,VSP &M EJTFÁP FO HFOFSBM JNQMFNFOUB VOB JOGMVFODJB GVUVSJTUB Z QSPMJKB QVFT TF DBSFDF EF NVDIBT M½OFBT QFSP TF NBYJNJ[B MB VUJMJ[BDJÂO EF BN QMJBT TVQFSGJDJFT Z ²OHVMPT BHVEPT 6O FKFNQMP FT FM QSJNFS UFSDJP EF MB DBSSPDFS½B RVF UJFOF VO WBTUP DPGSF FO FM DVBM TF JODPSQPSBO VOB EVQMB EF EJNJOVUPT GBSPT VO MBSHP BDFOUP EF MVDFT MFE Z VOB GBTDJB BGJMBEB DPO VOB UFSDJB EF JOHSFTPT EF BJSF -PT MBEPT EFM WFI½DVMP UJFOFO VOPT DVBO UPT USB[PT Z EFTUBDB MB BVTFODJB EF NBOJKBT EF BQFSUVSB EF QVFSUBT Z FM VTP EF VO UFDIP FO VO UPOP PTDVSP QBSB BTFNFKBS MB BVTFODJB EF ¹M -B SFUBHVBSEJB EFM WFI½DVMP GPSNB VO NBSDBEP EFDMJWF MPHSBEP DPO MB MV OFUB USBTFSB RVF B TV WF[ EFTFNCPDB FO VOB M½OFB RVF BHSFHB WPMVNFO B MB QVFSUB EF MB DBKVFMB UPEP DFSSBEP QPS DBMBWFSBT BGJMBEBT VO MPHPUJ QP JMVNJOBEP BM DFOUSP Z EPT QSPNJOFOUFT FYUSBDUPSFT EF DBMPS "M JOUFSJPS EFM WFI½DVMP GBNJMJBS VUJMJUBSJP /JTTBO JOUFHSB MB NJT NB DPSSJFOUF &M UBCMFSP FT EFMHBEP Z TPMP TJSWF QBSB BEPSOBS DPO VO NPUJWP TJNJMBS BM EF MB NBEFSB QFSP DPO JMVNJOBDJÂO -PT BTJFOUPT QB SFDFO FTUBS GPSSBEPT EF QJFM DMBSB DPO NJDSP QFSGPSBDJPOFT Z OP BQB SFDF OJOHÈO UJQP EF DPTUVSBT V PSOBNFOUBDJÂO QBSB DPOUSBTUBSMPT 1B SB GJOBMJ[BS FM WPMBOUF Z DPOTPMB DFOUSBM TPO FO DPMPS OFHSP Z DPO VO FTUJMP NJOJNBMJTUB RVF QBSFDF UPOPT OBEB N²T RVF MP FTFODJBM QBSB MP HSBS NPWJMJ[BS B TVT QBTBKFSPT " OJWFM EF NVMUJNFEJB MB NBSDB PGSFDF TV EFTBSSPMMP MMBNBEP # 7 RVF TPO VOPT TFOTPSFT DFSFCSBMFT RVF UJFOFO EPT GVODJPOFT QSJNB SJBT MB QSJNFSB FT SFEVDJS FM UJFNQP EF SFBDDJÂO EFM DPDIF BM MFFS MB NFOUF EFM DPOEVDUPS QBSB BOUJDJQBS TVT NPWJNJFOUPT MB TFHVOEB FT NFEJS MB DPNPEJEBE EFM DIPGFS QBSB RVF FM WFI½DVMP IBHB MPT BKVTUFT
.# (5 ".( 4 16&35"4 $035&4¶" t .&3$&%&4 #&/;
10%&3 %FQFOEJFOEP MB WFSTJØO TV NPUPS FSPHB IBTUB DBCBMMPT EF QPUFODJB
%FCVU DBUFHØSJDP ian_a`ao) ^aju aslhkn] Qj] jqaǗ] Ǘ]ne]jpa `ah cp ]ic
NOVEDAD
.FSDFEFT #FO[ TPSQSFOEJÂ DPO MB JODPSQPSBDJÂO EF VO OVFWP WFI½DVMP FO VOP EF FTPT TFHNFOUPT RVF SFTVMUBO JODPNQSFOEJEPT QPS MB NBZPS½B EF MPT FO UVTJBTUBT EFM NFSDBEP BVUPNPUPS 4F USBUB EFM (5 ".( 4 VO EFQPSUJWP EF DVBUSP QVFSUBT RVF CVTDB DPOUFOEFS EF NBOFSB EJSFDUB DPO FM RVF FSB FM ÈOJ DP EF FTUB DBUFHPS½B FM 1PSTDIF 1BOBNFSB -B GBDIBEB EFM WFI½DVMP DPNVMHB DPO FM (5 RVF ZB TF DPOPD½B QFSP DPO WBSJBOUFT QVOUVBMFT FO MB QBS UF USBTFSB MB DVBM FT DVSWB Z BÁBEF FTF WPMVNFO FY USB B SB[ÂO EF MB BEJDJÂO EF EPT QVFSUBT FYUSB KVTUP EPOEF UFSNJOB FTB CBKBOUF TF VOFO FO VO W¹SUJDF MB DBKVFMB Z FM UFDIP DPO VO QSPNJOFOUF BMFSÂO TFHVJ EP QPS DBMBWFSBT TFNJ PWBMFT Z VOB WPMVNJOPTB EF GFOTB USBTFSB &M GSFOUF FT TPGJTUJDBEP QFSP BHSFTJWP DPO GVFSUFT USB[PT Z VOB QBSSJMMB NFEJBOB DPO CBSSBT WFSUJDBMFT DSPNBEBT Z FM MPHPUJQP EF MB FTUSFMMB EF MPT USFT QJDPT BM DFOUSP TJO NFODJPOBS MPT NFTVSBEPT GB SPT Z MB GBTDJB EFMBOUFSB DPO FOUSBEBT EF BJSF -B DBCJOB JNQMFNFOUB VOB TFSJF EF NBUFSJBMFT MJHFSPT QFSP B MB WF[ DPO VO FOGPRVF FO MB EFQPSUJ WJEBE EFM WFI½DVMP &M UBCMFSP QPS FKFNQMP IBDF VTP EF BEPSOPT MPHSBEPT DPO JODSVTUBDJPOFT EF GJCSB EF DBSCPOP SFBM BEFN²T EF BMVNJOJP DFQJMMBEP SFBM BNCBT NBUFSJBT TF FYUJFOEFO B MP MBSHP EF UPEP FM IBCJU²DVMP QSJODJQBMNFOUF FO MBT QVFSUBT Z PUSBT DPOTPMBT -PT BTJFOUPT QPS TV QBSUF TFS²O DVCJFS UPT FO DVFSP DPO EJWFSTBT UPOBMJEBEFT B FMFHJS QPS QBSUF EFM DPNQSBEPS &TUB CFSMJOB UFOES² VO NPUPS EF TFJT DJMJOESPT FO i7w BM NFOPT FO MB WBSJBOUF EF NFOPS FRVJQP EJDIP QSPQVMTPS TF BZVEBS² EF VO UVSCPDPNQSFTPS Z HFOFSBS² DBCBMMPT -BT EPT WFSTJPOFT UPQF FN QMFBS²O VO 7 DPO MJUSPT EF EFTQMB[BNJFOUP Z VO UVSCPBMJNFOUBEPS QPS DBEB CBODBEB QFSP DPO QPUFODJBT RVF JS²O FOUSF Z DBCBMMPT OPNJ OBMFT BTJTUJEP QPS VOB DBKB BVUPN²UJDB EF OVFWF NBSDIBT Z USBDDJÂO JOUFHSBM FO MBT DVBUSP SVFEBT &TUF CÂMJEP FTU² DPOGJSNBEP QBSB FM NFSDBEP FVSPQFP Z TF QSFTVQVFTUB RVF UFOES² BM NFOPT VO QBS N²T EF PQDJPOFT EF FRVJQP IBDJB GJOBMFT EF FT UF QFSJPEP /P PCTUBOUF BÈO OP TF EFUFSNJOB VOB MJTUB EF QSFDJPT OJ VO BQBSUBEP RVF JOEJRVF B RVF PUSPT QB½TFT TF FYUFOEFS² MB DPNFSDJBMJ[BDJÂO EF FTUF UPUBMNFOUF OVFWP WFI½DVMP
1~(*/" #
NOVEDAD
"$56"-*;"$*»/ "VORVF ZB TF IBCÓB QSF TFOUBEP FM QSJNFS DPODFQUP FTUF NPEFMP BQVOUB QBSB TFS VOB WFSTJØO EF QSPEVDDJØO
OFDFTBSJPT QBSB TV UPUBM DPOGPSU 5BNCJ¹O IBZ VOB QSPZFDDJÂO FO FM QBSBCSJTBT QFSP FO TV DBSB JOUFSOB QBSB EFTEF BI½ DPOUSPMBS UPEB MB JOGPSNBDJÂO EFM WFI½DVMP Z UBNCJ¹O UPEP MP SFMBDJPOBEP BM FOUSFUF OJNJFOUP Z BNFOJEBEFT EFM NJTNP &M USFO NPUPS TF GPSNBS½B QPS EPT QSPQVMTPSFT BNCPT FM¹DUSJ DPT DPO VO EFTBSSPMMP EF QPUFODJB FTUJNBEP FO MPT DBCBMMPT EF GVFS[B -B DBSHB UPUBM EF CBUFS½BT QFSNJUJS½B VOB BVUPOPN½B EF IBT UB LJMÂNFUSPT BVORVF OP TF FTQFDJGJDB MB DBQBDJEBE EF MPT BDV
NVMBEPSFT Z UBNQPDP FM UJFNQP RVF SFRVJFSFO QBSB TFS SFDBSHBEPT FO TV UPUBMJEBE &TUF WFI½DVMP BVORVF FT VO DPODFQUP UVWP VO BOUFDFTPS FM DV BM TF QSFTFOUÂ FO FM 4BMÂO EF 5PLJP EFM BÁP QBTBEP QFSP FTUB SFQSF TFOUB VOB BDUVBMJ[BDJÂO RVF B GVUVSP QPES½B USBOTGPSNBSTF FO VO DP DIF EF QSPEVDDJÂO BVORVF FO VO UJFNQP OP NFOPS B DJODP BÁPT UJFNQP FO FM RVF MB BSNBEPSB FYQBOEJS² TVT PQDJPOFT FM¹DUSJDBT FO FM NFSDBEP
Ê ", ", &- */'03."%03
1~(*/" #
4 CBEP EF BCSJM EF
#.8 . (3"/ $061² $0/$&15 $035&4¶" t #.8
7BUJDJOJP EF BMUBT QSFTUBDJPOFT
NOVEDAD
"%&-"/50 &TUB TFSÈ MB WFSTJØO NÈT SBEJDBM EFM 4FSJF
h] i]n_] ]hai]j] jko `] qj ]jpe_elk `a `alknpeǗe`]` 4JO EVEB BMHVOB MPT DPDIFT BMFNBOFT TPO TJOÂOJNP EF EFQPSUJWJEBE BVO Z DVBOEP TF IBCMF EF DPODFQ UPT &TUP FT MP RVF PDVSSF DPO #.8 RVF BQSPWFDIÂ FM QBTBEP 4BMÂO EF (JOFCSB QBSB FYIJCJS MP RVF QSF QBSB B GVUVSP )BCMBNPT EF MB RVF TFS² MB WFSTJÂO N²T SBEJDBM EFM 4FSJF FM . (SBO $PVQ¹ $PODFQU
&M EJTFÁP TFS½B SFTQFUBEP FO MB WFSTJÂO EF QSP EVDDJÂO QVFT FTUF QSPUPUJQP FOTFÁB NVDIP EFM MFO HVBKF BDUVBM EF MB GJSNB HFSNBOB FO FTUF BTQFDUP -B GSPOUBM FT BHSFTJWB HSBDJBT B VO DPGSF DVSWP Z DPO USB[PT NBSDBEPT BVOBEPT B GBSPT EPCMF BMBSHBEPT Z VOB QBSSJMMB EF iSJÁÂOw UBNCJ¹O MBSHB Z EJWJEJEB FO EPT QBSUFT DPNP TJFNQSF MB GBTDJB QPS TV QBSUF FT QSPNJOFOUF DPO VOBT FOUSBEBT EF BJSF OBEB EJTDSF UBT -PT MBUFSBMFT UJFOFO VOB CBKBOUF QSPOVODJBEB FO MB QBSUF USBTFSB OP PCTUBOUF UJFOF DVBUSP Z OP EPT
.";%" 8"(0/
QVFSUBT DPNP FM OPNCSF MP TVHJFSF 1BSB DVMNJOBS VOB DBKVFMB DPO VOB DBQSJDIPTB DVSWB RVF GPSNB VO BMFSÂO DBMBWFSBT EF DPSUF BGJMBEP Z VO QBSBDIPRVFT DPO HSBOEFT QMJFHVFT Z DVBUSP TBMJEBT EF FTDBQF %FM JOUFSJPS MB NBSDB OP IB SFWFMBEP OJOHÈO EF UBMMF QVFT OP IVCP OJ TJRVJFSB VOB JNBHFO RVF QVF EB NPTUSBS VO BEFMBOUP EF TV BQBSJFODJB 4JO FN CBSHP MB USBEJDJÂO EF MB NBSDB OPT IBDF QFOTBS FO VOB DBCJOB MVKPTB DPO UFSNJOBEPT EF BMUB DBMJEBE Z NBUFSJBMFT EF QSJNFSB DPNP DVFSP FO BTJFOUPT Z
PUSPT DPNQPOFOUFT BT½ DPNP PSOBNFOUPT FO GJCSB EF DBSCPOP Z P BMVNJOJP QVMJEP NVZ BM FTUJMP EFM USBUBNJFOUP i.w RVF SFDJCF MB GJSNB C²WBSB -BT WJSUVEFT EFM USFO NPUPS TJ TPO VOB DPNQMF UB JODÂHOJUB Z BVORVF QVEJFSB IBCFS NVDIBT WB SJBOUFT Z TVQPTJDJPOFT MB NBSDB EJDF RVF TPSQSFO EFS² DPO MBT QSFTUBDJPOFT EF FTUF BVUPNPUPS RVF WFS² MB MV[ EF NBOFSB PGJDJBM FO FM BÁP DVBO EP DPNQMFUF FM QPSUBGPMJP EF #.8 BM NFOPT IB CMBOEP EF FTF BÁP FO FTQFD½GJDP
50:05" "63*4 $035&4¶" t .";%"
$POTPMJEBDJØO IÓCSJEB Ah _kil]_pk `a _ej_k lqanp]o ao h] jqaǗ] ]lqaop] jelkj] $035&4¶" t 50:05"
" &-&(*3 -B PGFSUB NFDÈOJDB DPOUBSÈ DPO USFT EJGFSFOUFT NPUPSFT
NOVEDAD
"DFOUP FO MB GBNJMJBSJEBE
h] i]n_] ]hai]j] jko `] qj ]jpe_elk `a `alknpeǗe`]` -PT TFEBOFT NFEJBOPT QVFEFO TFS VOB PQDJÂO CVF OB QBSB VOB GBNJMJB QFRVFÁB BVORVF OP DPO FM FT QBDJP RVF PGSFDFS½B VOB 467 /P PCTUBOUF .B[EB UPNB MB CBTF EF TV .B[EB Z MP MMFWÂ B VO TJUJP RVF QPOEFSB MBT DBQBDJEBEFT GBNJMJBSFT EF FTUF BVUP NÂWJM )BCMBNPT EF MB WFSTJÂO 8BHPO RVF TF QSF TFOUÂ IBDF VOPT E½BT &TUB WBHPOFUB DPNCJOB FM EJTFÁP EFM SFDJ¹O SFOPWBEP NPEFMP RVF JODMVZF VO OVFWP GSFOUF DPO VOB QBSSJMMB N²T BGJMBEB Z GBSPT EF DPSUF N²T TPGJTUJDBEP Z DPO VOB NPMEVSB DSPNBEB N²T FTUJ MJ[BEB RVF FO TV WFSTJÂO BOUFDFEFOUF FM DPGSF FT WBTUP Z DPO VO QBS EF QMJFHVFT MBUFSBMFT QBSB BT½ DFSSBS DPO FM QSJNFS UFSDJP EF MB DBSSPDFS½B -PT MB UFSBMFT FYIJCFO MB QBSUJDVMBSJEBE JOOFHBCMF EF FT UF BVUPNPUPS DPO VOB QSPNJOFOUF QBSUF USBTFSB RVF TF WB BNQMJBOEP DPOGPSNF TF BDFSDB B TV GJOBM &T FTUB ÈMUJNB QBSUF MB RVF BHSFHB WPMVNFO FO MB DBKVFMB BEFN²T EF TFS DVMNJOBEB DPO OVFWBT NPM EVSBT Z MVDFT QBSB DSFBS VO DPOKVOUP TPCSJP QFSP EF CVFO WFS
-B DBCJOB OP TPMP TFS½B FTQBDJPTB Z DÂNPEB QBSB IBTUB DJODP USJQVMBOUFT DPO UPEP Z FRVJQBKF UBNCJ¹O BÁBEJS½B VO CVFO OJWFM EF UFSNJOBEPT Z FRVJQP QBSB MB DPNPEJEBE EF MPT RVF WJBKFO FO FT UF OVFWP BVUPNÂWJM %FTUBDB VOB WBSJBOUF DPO WFT UJEVSBT FO QJFM NJTNB RVF SFDVCSJS² BTJFOUPT WP MBOUF QBMBODB QBSUF EFM UBCMFSP Z MPT QBOFMFT JOUFSOPT EF MBT QVFSUBT 5BNCJ¹O IBCS² BNFOJEB EFT DPNP VO UFDIP QBOPS²NJDP TJTUFNB EF JOGPFO USFUFOJNJFOUP DPO NBOEPT FO MB DPOTPMB DFOUSBM Z VOB QBOUBMMB GMPUBOUF EF CVFO UBNBÁPT QPS NFO DJPOBS MP N²T SFNBSDBCMF 5SFT TFS²O MBT PQDJPOFT B FMFHJS QBSB FM JNQVM TP EF FTUB iHVBZ½Ow DPO EPT NPUPSFT B HBTPMJOB VOP EF MJUSPT Z FM PUSP EF NJFOUSBT RVF VOB UFSDFSB BMUFSOBUJWB TFS² EF MJUSPT QFSP DPO BMJ NFOUBDJÂO B EJFTFM -B WBSJBOUF TFE²O Z XBHPO EFM .B[EB WFS²O MB MV[ EFM NFSDBEP IBTUB KVOJP EF FTUF BÁP QFSP MB NBSDB ZB PGSFDF VOB QSFWFOUB EF BNCBT DBSSPDF S½B FO MPT NFSDBEPT QSJODJQBMNFOUF EF &VSPQB
4& "53&7& &TUF BVUP CVTDB SPNQFS DPO MB TPCSJFEBE RVF IB DBSBDUFSJ[BEP B 5PZPUB
%FTEF IBDF UJFNQP 5PZPUB TF IB WVFMUP TJOÂOJNP EF SFOEJNJFOUP QVFT EFTEF IBDF BÁPT MB NBSDB KB QPOFTB IB BQPTUBEP QPS FM EFTBSSPMMP USFOFT NP UPSFT I½CSJEPT &TUP RVFEB NBOJGJFTUP FO VOB PDB TJÂO N²T DPO MB EFWFMBDJÂO EFM OVFWP "VSJT VO DPNQBDUP EF DJODP QVFSUBT Z DPSUF NPEFSOP RVF QSFUFOEF FYUFOEFS MB FTDBMBEB EF MB BSNBEPSB FO FTUB NBUFSJB EF FDPOPN½B EF IJESPDBSCVSPT &M WFI½DVMP CVTDB SPNQFS DPO MB TPCSJFEBE EF MPT EJTFÁPT U½QJDPT EFM GBCSJDBOUF DPO SBTHPT GJS NFT FO FM DPGSF HSVQPT ÂQUJDPT HSBOEFT Z DPO VOB GJSNB EF -&%T EJWJEJEB FO EPT QBSUFT VOB EJNJOV UB QBSSJMMB TVQFSJPS QFSP DPOUSBTUBEB DPO VOB TF HVOEB FO MB QBSUF JOGFSJPS EF QSPQPSDJPOFT HFOF SPTBT Z VO NPUJWP UJQP QBOBM BT½ DPNP GBSPT EF OJFCMB BEZBDFOUFT Z VOB GBTDJB EF DPSUF BFSPEJO² NJDP -PT DPTUBEPT TJ TPO VO QPDP N²T QSPMJKPT BVORVF BDFOUVBEP QPS VO UFDIP FO VO UPOP PTDV SP &M DPOKVOUP WJTVBM TF DJFSSB DPO VOB BCVMUBEB
QBSUF USBTFSB Z MB NJTNB GPSNB EF MPT GBSPT QFSP SFQMJDBEB FO MBT MVDFT EF GSFOP -B DBCJOB BVO OP NVFTUSB FM UPUBM EF TVT FMF NFOUPT QPS MP RVF FT EJG½DJM TBCFS MP RVF PGSFDFS² QFSP BMHVOPT NFEJPT WBUJDJOBO RVF TF DPOUJOÈF DPO MB DPSSJFOUF EF MB NBSDB DPO FMFNFOUPT TJNJ MBSFT FO FRVJQP BM 1SJVT F JODMVTP B MB OVFWB $) 3 )BCS½B GPSSPT EF UFMB Z DVFSP EFQFOEJFOEP EF MB WFSTJÂO BEFN²T EF DBSHBEPS EF UFM¹GPOPT JOB M²NCSJDP Z BJSF BDPOEJDJPOBEP QPS [POBT QPS NFODJPOBS BMHVOBT EF MBT BNFOJEBEFT )BCS² USFT WBSJBOUFT B FMFHJS VOB EF DB CBMMPT JNQVMTBEB TPMP QPS HBTPMJOB DPO VO NPUPS TPCSFBMJNFOUBEP EF MJUSPT %PT PQDJPOFT N²T TFS²O I½CSJEBT MB QSJNFSB EF DBCBMMPT EF GVFS [B NJFOUSBT RVF MB TFHVOEB FSPHBS² VO UPUBM EF FRVJOPT BM NFOPT EF NBOFSB OPNJOBM $PNP FSB EF FTQFSBSTF MB DBKB $75 TFS² QBSFKB EFM HSVFTP EF MPT OJWFMFT EF FRVJQP EF FTUF SFOPWBEP BVUPNÂWJM
4 CBEP EF BCSJM EF
Ê ", ", &- */'03."%03
1~(*/" #
70-,48"(&/ 506"3&( '0504 $035&4¶" t 70-,48"(&/
3FOPWBDJØO HFOFSPTB
NOVEDAD '6&35& &M EJTF×P JNQMFNFOUBEP FO MB 5PVBSFH TF NVFTUSB SPCVTUP
@aolq o `a qj ^qaj peailk `a aolan]( h] ?]o] `a Skhbo^qnc najkǗ ] h] i o cn]j`a `a oqo OQR
01$*0/&4 7PMLTXBHFO EFTBSSPMMØ NPUPSFT B HBTPMJOB Z EJFTFM QFSP OP EFTDBSUB VO IÓCSJEP FODIVGBCMF B GVUVSP
7PMLTXBHFO ZB IBC½B BOVODJBEP NFTFT BUS²T RVF QSFTFOUBS½B BMHP OVFWP FO $IJOB 'VF VO QPDP EFT QV¹T RVF MBT FYQFDUBUJWBT DSFDJFSPO QFSP DVBOEP TF TVQP RVF TF USBUBCB EF MB UFSDFSB HFOFSBDJÂO EFM 5PVBSFH ¹TUBT GVFSPO TVQFSBEBT N²T DVBOEP TF SFBMJ[Â MB QSFTFOUBDJÂO PGJDJBM EFM QSPEVDUP IBDF VOPT DVBOUPT E½BT -B GBDIBEB EF MB VUJMJUBSJB CVTDB JNQSJNJS SP CVTUF[ DPO SBTHPT N²T DPOUVOEFOUFT Z DPO MB JO DMVTJÂO EF MB M½OFB EF EJTFÁP BDUVBM EF MB DBTB QSP EVDUPSB BMFNBOB -B QBSUF EFMBOUFSB JODSVTUB VO HFOFSPTP DPGSF DPO EPT USB[PT NBSDBEPT FO MB TV QFSGJDJF MB QBSSJMMB FT BNQMJB Z DPO NPUJWPT IPSJ [POUBMFT DSPNBEPT MPT DVBMFT TF NJNFUJ[BO DPO MPT HSVQPT ÂQUJDPT GSPOUBMFT TJNVMBOEP DPNP TJ TF USB UBTF EF VOB TPMB QJF[B DPNÈO FM QBSBDIPRVFT FT WPMVQUVPTPT QFSP DPOUSBTUBEP DPO VOB BENJTJÂO EF BJSF VOB WF[ N²T BEPSOBEB QPS FMFNFOUPT DSP NBEPT -PT GMBODPT TPO NVTDVMPTPT TPCSF UPEP FO TV QBSUF QPTUFSJPS EPOEF TF DPMPDB VOB BNQMJB QVFSUB EF DBKVFMB Z DBMBWFSBT EF DPSUF BGJMBEP F JMV NJOBDJÂO MFE QBSB DFSSBS DPO VOB M½NQJEB EFGFOTB Z SFGMFDUPSFT EF MV[ TJN¹USJDPT -B DBCJOB UFOES² VO UBCMFSP RVF TF GPSSBS² EF NBUFSJBMFT TVBWFT MPT DVBMFT TF SFQMJDBS²O FO MPT QBOFMFT JOUFSOPT EF MBT QVFSUBT BT½ DPNP MB DPOTP MB DFOUSBM -PT BTJFOUPT TFS²O SFDVCJFSUPT FO DVFSP DPO DPTUVSBT BQBSFOUFT Z EJTUJOUPT QBUSPOFT EF BEPSOPT BEFN²T EF MBT PSOBNFOUBDJPOFT RVF QP ES²O TFS EF NBEFSB BMVNJOJP QVMJEP Z 1JBOP #MBDL -B CBODB USBTFSB UJFOF NBZPS FTQBDJP QBSB QJFSOBT HSBDJBT BM BVNFOUP FO MBT QSPQPSDJPOFT WFIJDVMB SFT "EFN²T EF MPT UFSNJOBEPT MB GJSNB BDMBSB RVF FM DSFDJNJFOUP EF EJNFOTJPOFT CFOFGJDJB BM SVCSP EF MB DBSHB QVFT BIPSB FTUF WFI½DVMP PGSFDFS V MJUSPT EF DBQBDJEBE WPMVN¹USJDB
7B N T BMM " OJWFM EF FRVJQP OP TÂMP DPOUBS² DPO MP FTQF SBEP DPNP VOB QBOUBMMB U²DUJM EF BMUB SFTPMVDJÂO DPNQBUJCJMJEBE DPO MPT TJTUFNBT PQFSBUJWPT N²T JNQPSUBOUFT EF UFM¹GPOPT JOUFMJHFOUFT P DPO FM TP OJEP EF BMUB GJEFMJEBE DPO DPOUSPMFT EF BVEJP FO FM WPMBOUF 1BSB FTUB HFOFSBDJÂO MB 5PVBSFH FTUSFOB S² TJTUFNB EF WJTJÂO OPDUVSOB RVF QFSNJUJS² MB EF UFDDJÂO EF QFBUPOFT Z BOJNBMFT FO FTQBDJPT TJO MV[ EJSFDDJÂO BDUJDB FO MBT DVBUSP SVFEBT Z FTUBCJMJ[B EPSFT FMFDUSPNFD²OJDPT EFM DIBTJT QPS NFODJPOBS QBSUF EF MBT JNQPSUBOUFT OPWFEBEFT FO FTUF SBNP -B HBNB EF NPUPSJ[BDJPOFT TFS² DPNQVFTUB QPS VOB PQDJÂO B HBTPMJOB Z EPT B EJFTFM -B QSJNF SB EF FMMBT UFOES² VO EFTBSSPMMP EF QPUFODJB EF DBCBMMPT MPHSBEP QPS VO 7 NJFOUSBT TF SFQJUF FM DJMJOESBKF Z FM EPCMF CBODBEB QFSP BMJNFOUBEP B EJF TFM RVF UFOES² VO DBCBMMBKF EF Z FRVJOPT $BCF EFTUBDBS RVF MB NBSDB ZB USBCBKB FO VOB WFSTJÂO I½CSJEB FODIVGBCMF QFSP BÈO OP FYJTUF GF DIB FTUJNBEB EF MBO[BNJFOUP Z NFOPT DPTUPT P JO GPSNBDJÂO EF B RVF NFSDBEPT TFS² PGSFDJEB BVO RVF FWJEFOUFNFOUF &VSPQB FTUBS² FO FTB MJTUB
$0.1"5*#-& " OJWFM UFDOPMØHJDP DVFOUB DPO NVDIBT OPWF EBEFT RVF FNQBUBO DPO MB NPEFSOJEBE EF MPT TNBSUQIPOFT