01enero 04/01/2015 9:00 Pรกgina 1
01enero 04/01/2015 9:00 Pรกgina 2
01enero 04/01/2015 9:00 Pรกgina 3
01enero 04/01/2015 9:00 Pรกgina 4
01enero 04/01/2015 9:00 Pรกgina 5
01enero 04/01/2015 9:00 Pรกgina 6
)4'%(,//25 ! /%:% 7)8%
%
932
"
E5,'% %)564%1:%
>
>
,C25
=
=
1 %
>
7)46%
1 )/ )%642 () /%
>
1
%5% () /%
)024,%
" # E5,'%
& % "
)%642
E5,'%
)%642
%1:%
1 )%642 () /%
%)564%1:%
1 %
%4&21)4B%
932 E5,'% )%642
)48%16)5
" ?
=
1 )%642 23) () )+% 1 ()
E5,'%
%
53%',2 ()
7624
1 )%642 23) () )+%
)%642
932 ;
;
)%642 % 71(,',D1
932
932 %/)4B%
;
1
)%642
&
)48%16)5
1 )%642
/%0)(% ()
%*%)/
) 6 ;
#
1
46,: 1
)1642 ()
46)
216)0324A1)2
01enero 04/01/2015 9:00 Pรกgina 7
E5,'%
)%642 () /%
E5,'%
)%642 () /%
)%642
!
$
"
2)5B% %41%8%/)5
)%642
? ,'75 )%642 %//% ;
?
1
@ #
E5,'%
1 )%642
)1642 E5,'% ;
1
;
#
" 26,(,%1% ,6%)
"
1
)%642
2-2 #)1
%,.2
<
+/)5,% () /%
= 1(%/7: ()
&
? 1 %-%52/ 171',%',D1
E5,'% 171',%',D1
K
%
/%0)(%
,C25 E5,'%
932 )1642
&
%-%52/
7,16)42
,%-)5
)%642 )%642
#
1 )%642 23) () )+%
,%-)5 ? " () 16)434)6%',D1 () /% 7()4B%
21*
%)564%1:%
)%642 23) () )+%
?
,C25
"
%)564%1:%
+/)5,% () /% # 46)
! 216)0324A1)2
1 ,)162 74
1
% "
01enero 04/01/2015 9:00 Pรกgina 8
0;:062>@;? @2.@>; 1.:F. 362?@.?'>.1606;:.82? 2D<;?606;:2? >@2 06:2 ?@>2:;? .>@282>. .0@6B61.12?#.>."6J;? 86/>;?";B21.12? 0;:32>2:06.? 0;:4>2?;? ;>:.1.? 2>6.? :0A2:@>;? 0A>?;? 12<;>@2? 9216; 9/62:@2&.8A1 B6.72? >2?@.A>.:@2? <6?@.? 0;9<>.? %..)
#
%4'- <4);
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
,662
01enero 04/01/2015 9:00 Pรกgina 9
(51>:1? !
&
: 8-
"
#
<>;3>-9- " $ ' ( $%
'%
%-:
&$ !$ & + 1>:-:0; 4
;:/51>@; 5:-A3A>-8 018 '% - B5;8- 5:?@>A91:@; 01 ->/; E 0- 3-9.- @;/-0; 1:@>1 8-? <51>:-? ?1 -?;/5- 2A:0-91:@-8 91:@1 -8 .->>;/; ? A: 5:?@>A91:@; =A1 :; /;:@5:AM ?A 0525/A8@-0 @J/:5/E 91:;> B;8A91: ?;:;>; 81 45F; <1> 01> 8- .-@-88- -:@1 8-? :A1B-? E 961?@A;?-? ?-8-? 01 /;:/51>@;? =A1 1D53K-: 8- 2A1>F- 01 8;? :A1B;? 5:?@>A 91:@;? A>-:@1 ?A? @>1? ?538;? 01 >15:-0; 1D5?@51>;: A:- 5:25:50-0 01 @5<;8;3K-? :@>1 ?A? 5:5/5;? -?;/5-0;? - 8;? 9N ?5/- 9;>5?/- 1: ?<-L- E 18 B5>@A;?; >1<1>@;>5; .1>85:J? 018 *( <-?-:0; <;> 8-? 05?95:A/5;:1? 5@-85-:-? E 18 >1<1>@;>5; <;<A8-> 5:38J? 018 *( 8- B5;8- ?1 <>1?@M - @;0-? 8-? 2;>9-? @-9-L;? ;>3I:5/;? E -25:-/5;:1? 59-35:-.81? ";> 188; :; 1? 8;/; 18 05/4; =A1 6-9I? 4A.; 0;? B5;8-? 53A81? -495 <>;<;:1 A: <>;3>-9- 01?01 8- 9N?5/- 018 *( 1?<-L;8 -8 >1<1>@;>5; 9I? /8I ?5/; 01 8- B5;8- 2>-:/1?- <-?-:0; <;> -/4 E $-91-A E <>;E1/@I:0;?1 4-/5- 8; <; <A8-> E 8- 9N?5/- -/@A-8
&$ !$
& +! & ;:/51>@; 5:-A3A>-/5M: # $$! ! ">;3>-9- " $ ">1?1:@-/5M: 0 1: %1B588" &$ , !( !H ! ( &$ % ' &'$ % ">;3>-9' $ % %"P % ->@5: ;0-D -:@;? 01 8-? @>-05/5;:1? ?12->0K E 9A0J6-> $( % !$ & + ! & ">;3>-9% S% % ' %' H! N?5/-? 1: @;>:; - 8- 253A >- 01 )-?45:3@;: >B5:3 8-? 4 : " ' ( $% / %-: 1>:-:0; % (
5>5350- <;> $5/->0; $;0>K3A1F 5?;95:3; 018 &519<; !>05:->5; /;: &! $ !$ ! ?@- -/@5B50-0 01 8- %/4;8- >13;>5-:- 5?<-81:?5? 1? 4-.5 @A-8 8;? N8@59;? 0;95:3;? 01 /-0- 91? 1: 18 8A3-> 8-? 4 % !% "" $ & % "8-F- 018 A1: %A/1?; % ( 018
5>5350; <;> $5/->0; $;0>K3A1F N?5/- /;>-8 018 ?538; ** >18535;?- E <>;2-:4 :@>-0- 85.>1 " & % !%G A:@; - -881 %51><1? % (
( & $' (% S% &$ $! & $ % % ! *( *( : '% ! $& % " P%& % &! ! ! ,P , !$ -881 -8-:/4? : 8-? 4 ! ! $ ! ' & $$! ! %" H! : '% ! $& % " P%& % &! ! ! ,P , !$ -881 -8-:/4- ? : 8-? 4 S $
$ %& Q , ! ,P , 5/8; 01 6MB1:1? <5-:5?@-? 4 ' ! "5-:; 5/8; 01 6MB1:1? <5-:5?@-? 4 ">195-0; 1: B->5;? /;:/A>?;? 5:@1>:-/5;:-81? 4- >185F-0; 3>-.-/5;:1? <->- -@-8AL- N?5/- E -:-8 ?A> &181B5?5M: E 2A1 ?181//5;:-0; <->-/@A-> 1: 18 "-8-A 01 8- N?5/- 01 ->/18;:- 01:@>; 018 /5/8; ">591> "-8-A !.>-? 01 %/4A9-:: ;:@?-8B-@31 E ">;7;251B : "->=A1 01 O A5?- B0"18-E; ? : % (
"5-:;
" ! ! $1-8 !>=A1?@%5:2M:5/- 01 %1B588- !.>-? 01 4-57;B?75 ">;7;251B :@;:5 )5@ 5>1/@;> 1 - T 4 ! $&! ( P $ !.>-? 01 -E0: E >-49? 4 T "-?1; 01 >5?@M.-8 ;8M: &18 ;>->5; 01 @-=A588-? 1 8A:1? - ?I.-0; E 0;95:3;? E 21?@5B;? /;: 2A:/5M: 01 E 01 4 CCC @1-@>;018-9-1?@>-:F- 1? % ( !
$&!
&$! ' &'$ %! -881 ->-L!.>-? 01 11@4;B1: B;: )1.1> E 1:018??;4: %;85?@- :@;:5; %-83A1>; & &$! ' &!$ ! $ $ % ' $ -95:; "18-E ;>>1- ? : P ' Q$ % ( ;:/51>@; 01 -L; :A1B; ;: 8- -:0- 01 N?5/- ' !$R &>-:?<;>@->I - 8;? 1?<1/@-0;>1? 8- (51:- 018 ?538; * * 4 T E <;0>I: -0=A5>5>?1 A:- 4;>- -:@1? 018 /;:/51>@; 1: @-=A588- ; 1: B1:@- -:@5/5<-0- 88-9-:0; -8 @18J2;:; 01 8- A:0-/5M: 1>:-:0; (588-8M: 9->@1? ; 6A1B1? 01 4;>-? & &$! !$ & !$R $! & $ 01 <5-:; % (
4
&
#
! ! ;:/51>@; ! % ( !>258CCC -@1:1;01?1B588- 1?
01enero 04/01/2015 9:00 Pรกgina 10
?/@/= C N <3=>K,+6 96K8
6+= $ '
$!&E$ 2 /
$& F # + U 8%
%#
#"& $% $
S $%#
*
$ ' !+=/9 ./
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
" !3+89 9= .+8D+= /=:+J96+= 9: ./ 8<3;?/ <+8+.9= $+86?-+< ./ +<<+7/.+ =98+>+ :38>9</=-+ :+<+ :3+89 9: ./ 9+;?I8 %?<38+ C /8 6+ =/1?8.+ :+<>/ 6+ $?3>/ /=:+J96+ 9: ./ =++- 6,H83D 2 $ & & ! T$ ) #% $ #+7,6+ ./6 ,3=:9 <,/<+ #R
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
%2/ 9<3138+6 $><+?== /=>3@+6 <-2/=><+ -98 +66/> 2 U % %# & ! ! # &F * $ /<8G8 +,+66/<9 !& #% $ % M ! ' #$ # ,<+= ./ % '$ ) C $ & 3<31/ & # Q *$ ' 2 U /8 % %# ' #% #97/<9 +<>I8/D $ # * &89 ./ 69= 7/49</= -984?8>9= 7?=3-+6/= ./ <+8 </>+J+ 8-/ 7L=3-9= ./ -?/<.+ ./ 6+= 9<;?/=>+= 7G= 0+79=+= ./6 7?8.9 * #% 2 U /8 ! # $ $ * #% ) $ & #% !3+89 /3 )3 99 $ $ ) !# # # % $ U >+;?366+ ./=./ 2 8 % %# %R% # * #% # Q # U >+;?366+ ./=./ 2 8 % %# %R% # !3+89 /3 )3 99 Q *
01enero 04/01/2015 9:00 Pรกgina 11
(40=90> 09 $ & &$! Q$ ! 7,> 3 :.,74/,/0> ,2: ?,/,> A094/, /07 =,9 ,;4?G9 &07 Q$ ! :8492: 09 & &$! % &$ + 7,> 3 09 ",>0: /0 =4>?L -,7 :7L9 0 , R 0>.@09?:> ;,=, /0>08;70,/:> :=,=4: /0 ?,<@477,> 0 7@90> , >G-,/: D /:8492:> D 10>?4A:> .:9 1@9.4L9 /0 , D /0 , 3 &07H1:9: /0 ?,<@477,> % (
, )0>? ,>?0=9 4A,9 !=.30>?=, 09 0>;,K:7 !=<@0>?, /07 4AG9 /0 !=409?0 D !..4/09?0 9:8-=0 49>;4 =,/: 09 @9 74-=: /0 ;:08,> /0 :0?30 0> @9 ;=:D0.?: 4/0,/: ;:= 07 8M>4.: ,9407 ,=09-:48 D 07 147L>:1: /B,=/ %,4/ 09 ;,=, =0@94= .:9 0>;J=4?@ /0 .:9.:=/4, , 5LA090> ?,709?:> 8@>4 .,70> ;,70>?49:> G=,-0> 0 4>=,07J0> ,>J .:8: @9 1:=: ;,=, 07 /4G7:2: D 7, =0170 C4L9 >:-=0 07 .:9174.?: 4>=,07J ;,70> ?49: %@> ;=480=,> 0/4.4:90> ?=,9>.@==40=:9 09?=0 )048,= D 34.,2: 3,>?, <@0 09 >0 0>?,-70.4L /014 94?4A,809?0 09 %0A477,
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
@90> $ %& P + ! ' +O + 4H=.:70> O ! 7,> 3 9 '( &' % '% % ",=<@0 /0 ,=J, @4>, A/, "07,D: > 9 &07H1:9: 5@8@>0A477, D,3:: 0> BBB 58>0A477, .:8 % (
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
01enero 04/01/2015 9:00 Pรกgina 12
@,9 ,=7:> 3:=90? 17,@?, D 9?:94: 0>M> =@E ;4,9: 7 =0.4?,7 <@0 :1=0.09 -,5: 07 ?J?@7: '9, 9:.30 09 7, L;0=, 1:=8, ;,=?0 /0 7, ;=: 2=,8,.4L9 /07 .4.7: 9?=0 .7H>4.:> D 8:/0= 9:> /0 7, '94A0=>4/,/ /0 ,I9 3 ' ' ( $% F ,8;@> ,> ,2@9477,> > 9 F
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
! :9.40=?: -09014.4: /0 09,78H/09, 00?3:A09 >491:9J, 9 7 2=@;: 7: 1:=8,9 ;=:10>:=0> /0 7, >0. .4L9 /0 A409?: /0 7, !=<@0>?, 47,=8L94., /0 H7,2, 3 % $ $ %& ' ,770 ,=<@I> /0 (,7/0.,K,> O ! (4.?:=4, :>01, '% ! @=,77,
. ! $ ,=J, H=<@0E &:==0> 09 ;4,9: D ,=J, :9?=0=,> H80E 09 :-:0 3 R & $ & (! Q% "7,E, /0 7, ,=49, &07 BBB 8488, 0> O
-&%'* " $! + ! ! 3 8,K,9, 3 ;:= 7, ?,=/0 R D R ;,=, 7:> 809:=0> /0 ,K:> () %) !& !(% + D 3 ' &!$ ! $ ( ,770 ",.J14.: BBB 8,7,2,09?=,/,> .:8 H7,2,
4=0.?:=
,9407 ,=09-:48 " !-=,> /0 0-@>>D "40==0 :@70E D ,@=4.0 $,A07 $ & &$! P$ ! A =,9 ,;4?H9 &07 ?0,?=:.:=/:-, .:8 L=/:-, !-=,> /0 :E,=? 0 , R 3 4=0.?:= D ;4,9: ,9407 ,=09-:48 !-:0 =4>?49, L80E :/:D ",>0: /0 =4> ?L-,7 :7L9 &07 &,<@477,> 0 7@90> , >H-,/: D /:8492:> D 10>?4A:> .:9 1@9.4L9 /0 , D /0 , 3 BBB ?0,?=:/07,8,0>?=,9E, 0> % (
()
3
%) 0
,
R
!$
P;0=,
! $&! G! ' (! 9 /=I> %,7,/: 4=0.?:= $,<@07 :509/4: 09 7, 48,209 %:;=,9: !-=,> /0 3,;J @9, ,=<@49, O7A,=0E 48I90E %?=,@>> A: =,6 3 0 , R ",>0: /0 =4>?L-,7 :7L9 &07 &,<@477,> 0 7@90> , >H-,/: D /:8492:> D 10>?4A:> .:9 1@9.4L9 /0 , D /0 , 3 BBB ?0,?=:/07,8,0>?=,9E, 0> % ( " 7,> 3 9 & &$! ( &! %'$ :>I /0 ,7,>,9E BBB A409?:>@=?0,?=: .:8 % (
!$ %,9
%0 /, .:9?49@4/,/ ,7 .4.7: /0 .:9.40=?:> <@0 >0 /0>,==:77, 09 7, 270>4, /0 7, 9@9.4,.4L9 09 0>?, :.,>4L9 .:9 7, ,.?@,.4L9 /07 .:=: /0 .H8,=, /0 7, ;=0>?424:>, '94A0=>4/,/ 9:=?0, 80=4.,9, /0 "=49.0?:9 <@0 /@=,9?0 07 80> /0 090=: D 10-=0=: >0 09.@09?=, /0 24=, 09 /410=09?0> .4@/,/0> /0 >;,K, ,.?@,9/: 09 /4A0=>,> @94A0=>4/,/0> 7 .:=: 0>?,=H .:9> ?4?@4/: ;:= @9,> A:.0> D >0=H /4=424/: ;:= "099, $:>0 ;=0>09?,9/: @9 ;=:2=,8, A,=4,/: .:9 7, 49?0=;=0?,.4L9 /0 :-=,> ;=:1, 9,> D >,.=,> ;=0/:849,9/: 0>?,> M7?48,> 3 9?=,/, 74-=0 3,>?, .:8;70?,= ,1:=: % ' P ,=,K, >9 % (
" ! $&! G! ' (! ! !-=,> /0 %?=,@>> $:>>494 D (0=/4 :9 74,9, ,DL9 /0 >:;=,9: 3 ",>0: /0 7:> H=?4=0> > 9 &07 BBB 8,9@07/01,77, :=2 $ " + !$#' %& ' $ !-=,> /0 ,9/07 -07 =,@9 ,.3 =,E407, 4-0774 >:;=,9: ( &&!$ ! A4:7, /0 2,8-, D /4=0.?:= 3 ",>0: /0 7:> H=?4=0> > 9 &07 BBB 8,9@07/01,77, :=2 $
" , ! " :=,7 ?=, %=, /0 7, 9.,=9,.4L9 /0 "0,7 /0 "0,7 /0 0.0==: 4=0..4L9 9, 7-@>,. 3 & &$! $ $& " $$! # , ! " :9 7, !$#' %& % P ' $ %& :9 (4=247 ":;, /0 /4=0.?:= D %A0?7,9, ,>>:A, /0 >:;=,9: !-=,> /0 %?=,@>> 3 & &$! "$ " Q $ "7,E, ,8;492 Q $
01enero 04/01/2015 9:00 PĂĄgina 13
#0,84,9 2;4,9 30A8*52,9 > 9@)(+5 4 ,2 ! ! ! ' 2(9 / +, ( I 58(805 +, :(7;022(9 , 2;4,9 ( 9@)(+5 > +5304.59 > -,9:0<59 *54 -;4*0D4 +, ( / > +, ( / !,2A-545 #
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
( 87;,9:( 04-D40*( +, ;*(8,9: +080.0+( 658 #08.02 56( 5-8,*, ,2 8(4 54*0,8:5 +, C5 ;,<5 ,4 ,2 :,(:85 (,9:85 H2<(8,? 25495 *54 2( (*:;(*0D4 +, 2( 9568(45 8;9( <,:2(4( (995<( 7;0,4 +,9+, ,2 (C5 22,<( 8,(20?(4+5 <0<, > (*:E( ,4 4;,9:85 6(B9 > 2( 04:,8<,4*0D4 +,2 (*:58 #(2,4:B4 5:80<0:; / ! ! " ! H# ' !
2()(3( 596,2 /508 -583(+5 658 <,04:, +, 2(9 3,158,9 <5*,9 +,2 *58(?D4 +, 2()(3( /(*, 8,*5880+5 3;90*(2 E40*5 658 2(9 8(B*,9 +, ;4 .A4,85 7;, -;9054( *535 404.E4 5:85 25 <09*,8(2 > 25 ,96080:;(2 85654, ;4 8,*5 880+5 04:,495 +,9+, 259 ,96080:;(2,9 +,2 90.25 % % +, 685-;4+(9 8(B*,9 8,20.059(9 /(9:( ;4 /53,4(1, ( 2(9 *(4*054,9 +, 685:,9:( > 3(8*/(9 658 2( 20),8:(+ / , ( I ! ! # ! (359 (8B4 9 4 !,2 H
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
01enero 04/01/2015 9:00 PĂĄgina 14
" #C*),6 N ):-6 ,- 91:;G*)3 63G5 ) .<5+1G5 ,- ) @ ,-
5 $ $" #$" ( 3): 0 - ) $)8<133): - 3<5-: ) :C*),6 @ ,6415/6: @ .-:;1=6: +65 0 $-3D.656 ,- ;)8<133): # &
3 -:7-+;C+<36 ,- 33-=) -5 :< 796716 564*9- :< :-5;1,6 3) 4-4691) 3 .3)4-5+6 -: 76:1*3- ) 36: :-;-5;) @ 4C: -5 3) -,), ,- :<: )9;1:;): 6 8<- :- )41569) -5 E47-;< :- /)5) -5 +656+141-5;6 @ 3) 4-4691) 9-+<-9,) 9-+656+- @ 4)5,) 8<E :- 4<-:;9) 769 3): ;9-: =-9;1-5;-: <5) )5;636/E) ,-3 )9;- :-/H5 3) 15;-979-;)5 4)-:;9): @ 4)-:;96: 8<- .<-965 @ :65 /9)5,-: 3 1+36 ,- 3)4-5+6 796765- -:;) ;-4769),) ;9)A)9 <5 )9+6 8<- -53)+- -3 7):),6 @ -3 .<;<96 ,-3 /D5-96 7<-5;- ,- +65-?1G5 15,<,)*3- 8<- ,-:,- 3) ;9),1+1G5 ,- 3) =1-2) :)*1,<9E) .3)4-5+) 796@-+;) )3 )9;- 0)+1) :<: 5<-=): )=-5;<9): +65;-4769C 5-): -5 <5 /-:;6 ,- 9-56=)+1G5 +65;15<) 336: :65 3) .<-5;- ,- 15:719)+1G5 7)9) 5<-:;9): .<;<9): 7964-:): 3) *):- -3 -:7-26 ,65,- .12)9:)5-3) ,- #)5 "68<- )99-;- ,- C3)/) -5 3) 14)/-5 G4-A ,- -9-A 3 6 8<-9G5 6:D -5-:- -9-5/<- ,- G9,6*) )+6 ,-3 ):;69 )+6 $)9)5;6 @ -3 <),96 ,- 3): &1-2): ,-3 )9916 ,- #)5;1)/6 ,- -9-A +65 3) +63)*69)+1G5 -:7-+1)3 ,- ")4G5 4),69 %5 -:7-+;C+<36 7)9) +65;-473)9 3) 4),<9-A )9;E:;1+) 8<- :-9C -3 +65;9)7<5;6 ,-3 -:7-+;C+<36 ,- .-*9-96 ;1;<3),6 1=156 $-:696 :E -3 .3)4-5+6 0)+- J -4691)K @ 56 63=1,) 8<- -: <5 )9;- ,- 4),<9-A =1=) -5 <5) 9-<51G5 )5;63G /1+) ,- /9)5,-: 4)-:;96: 8<- .<-965 @ 36 :1/<-5 :1-5,6 )H5 ) :<: 4C: ,- )F6:
'& ,1+1G5 )+;<)+165-:
&
#%" )9;1:;): -5 <5 ;6;)3 ,-
""% 1 0-9-5+1) #B # 6:D ,- C3=-A : 5 >>> ;-);96+-5;9)3 -: # & 6 4C: ;9),1+165)3 ,-3 +)5;- *)13- @ /<1;)99) " M # # " % $" M % #$ "$ ) +):) 6.9-+- ),-4C: ,1.-9-5;-: )+;1=1,) ,-: ) 36 3)9/6 ,- ;6,6 -3 ,E) 8<- )@<,)9C5 )3 =1:1;)5;- ) +6479-5,-9 4-269 -:;- )9;,-:,- -3 691/-5 -=63<+1G5 @ ;9),1+1G5 3): @ 0 *1-9;6 ;6,6: 36: ,E): ,3<5-: ) :C*),6 ) ) 0 @ ,6415/6 ,0 ) 0 @ ,) 0 <5) >>> +):),-3)4-4691) -: # &
N
0
"
-
)
& $ # " 0 N ):-6 ,91:;G*)3 63G5 $-3 $)8<133): ,- 3<5-: ) :C *),6 @ ,6415/6: @ .-:;1=6: +65 .<5+1G5 ,) @ ,) 0 >>> ;-);96,3)4)-:;9)5A) -: # &
)
3 ,E) )+;<)+1G5 -:7-+1)3 3): 0 - ) N -5 !% "M ):;133) 5I ;-3D.656 >>> .3)4-58<91) -: # & #
$" @
%
1-:;) .3)4-5+) =)5/-31:;) # &
0
5<*-5:- ,- 7),9-: -41/9)5;-: ) :1,6 )3<45) ,- 3) :+<-3) ,- 9;3)4-5+6 91:;15) --9-5 0 $ $" %$ B"" ( ;9) #-F69) ,-3 L/<13) $-3 >>> +1<,),)3+)3) 69/ L % M" 9-:-5;)9C :< 5<-=6 ,1:+6 % & # " ( 0 ) N $ $" & =,) )9E) <1:) : 5 $-3 >>> ;-);96367-,-=-/) 69/ # &
01enero 04/01/2015 9:00 Pรกgina 15
'1>@A85- 28-91:/- @19- !5J; 01 81?<AH? /-:@1 1:@>1 8;? -?5?@1:@1? %1/5@-8 - /->3; 01 -5?1:5@- /;: 83A5@->>- 01 A-: 53A18 ,->EA18- #-89-? 01 ;?1 %A.5/45 D ;?1 #1JB 01 &1B588CCC 6A-: @-813- /;9 "& % ! & 4A1>@-
( " ) % ;: A:5/5<-8 D 8- /-:@-:@1 - P & " O! '18 (
8- -:0- &5:2K:5/:- #58-> 4 1 8-910- &A:04159 )
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
! 8-91:/; <;< /;9<-J-0; <;> A-: )-/- - 8- 3A5@->>8-? 4 & '% ( B-:3185?@D & )
! & 5>- 01 5:B51>:; 01 ?A L8@59; @>-.-6; & ! "! & $( & % N !'% & )" 4 1: & ) !'( -881 A1>:-B-/:@>-0-? 1: @5/71@1- /;9 M
-6; 18 @I@A8; 56; 018 1B-:@1 1?@1 1? 18 @>.-6; 01 ;?H A5? 53A1>1; >-:/; @>-? @>1? -J;? " 4 &1B588- # O! & ! # " : B1:50- -:?-? 5@D ? : # " #"%' & "&F %N %'N! %# ! 53A18 01 1>50- !5/;85/4 4 M " 1>1E 01 8- >;:@1>- #-8-/5; A:5/5<-8 01 1<;>@1? 01 4-<I: 1: 8- *1. CCC 18135>4;D /;9 :@>-0-? 1: /;>@15:381? 1? @5/71@9-?@1> 1? 9->/-1: @>-0-? /;9 @5/71@1- /;9 "
&
& M , ( '"% " M! " & &( ! 4 :@ '-=A588- P & ) " & "# % % ! M ( '"% ( M
(& P (
%->1 ;87 ?1 4- >1B18-0; /;9; A:- 01 8-? 2;>9-/5;:1? 01 9L?5/- 5:? @>A91:@-8 9-? />1-@5B-? 1 5:/8-?525/-.81? 01 8- 1?/1:- 1?<-J;8- -? 01 -J;? D @>4 5:5/5; 4 .-6;? P -<1>@A>-
?<1/@G/A8; <A>-91: @1 5>8-:0H? /;: 9L?5/- 1: 05>1/@; 8 05>1/@;> 9A?5/-8 &1-: / ->@4D D 8- /;>1K3>-2-/5:@4- &4-><1 /;9.5:-: 8- @>-05/5K: 01 8- 0-:E- /;: 8- 9L?5/- 1: B5B; 4 1 P ' '%" %) !' & %-9;? ->I: ? : '18 M
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
( );E &
'-:3A1-:0; 1 4 :@>-0- 85.>1 & "%%" #>;/A>-0;> '>5-:'18 CCC ?-8-18 /-/4;>>; /;9 & ) # 8 0L; 2;>9-0; <;> %-2-18 >>13A5 -8 <5-:; D 1?851 ;>0-: -8 B5;8I: :;? @>-1: 8- 9L?5/- 01 ?@;> #5-E;884 P /;: /;:?A95/5K: % ! O! ( " #->>-? & )
01enero 04/01/2015 9:00 PĂĄgina 16
H "# %1-:6-; ,- /-;<1F6 )6<1+18),) -6 <1+3-<-) +75
6" #7:6-7
" %
!
4);
0 J 5B; /);<7;
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
%1-:6-; #! $# " % ! !I $ ( 87: $" ' ( ! 6 " 4); 0 J )6<1+18),) ;- 8=-,- +758:): -6 4) &-* ;16 /);<7; ,- /-;<1F6 @ J -6 <)9=144) 4)A) ,-4 =5):-27 ; 6 " %
1-4 @ 5=@ 41581) ;D ,-;+:1*- -4 <:7>),7: +=*)67 "14>17 !7,:D/=-A -4 075-6)29=- -;<7; ;->144)67; 6<7617 5=-,7 @ 7)9=D6 )4,-:F6 44->)6 :-)41A)6,7 ,-;,87: 6=5-:7;); ;)4); ,- +76+1-:<7 6 ;= 0)*-: @) +=-6<)6 +76 5B; ,- +)6+176-; ,-4 :-8-:<7:17 ,-4 +)6<)=<7: ;1 *1-6 ,-*-6 -;+7/-: =6) ;-4-++1F6 ,<-5); 8):) 4); +);1 ,7; 07:); ,- +76+1-:<7 "14>17 !7,:D/=-A +76 5B; ,- +=)<:7 ,C +),); ,- +)::-:) 5=;1+)4 -; =67 ,- 47; +)6<)=<7:-; ,- 5)@7: <:);+-6,-6+1) 16<-: 6)+176)4 ,-4 0)*4) 01;8)6) @ -4-/1,7 -6 +757 :<1;<) $6-;+7 87: 4) )A ;<)57; )6<- =67 ,- 47; +)6<)=<7:-; 5B; :-;8-<),7; @ ),51:),7; 67 ;F47 @) 87: ;= 5G;1+) ;167 87: ;= +)=;) 6 -4 -;8-+<B+=47 )+G;<1+7 ,- /=1<)::) @ >7A ,1;.:=<):-57; <)5*1C6 ,- ,-<)44-; ,>174D6 8):) 47/:): 4) 51;5) 5)/1) 9=- -4 +)6<)6<- ,-5B; ,- 4) .1,-41,), ,- 4) 16 <-:8:-<)+1F6 ,- 47; <-5); )5*7; 57;<:):B6 ;= .:-;+=:) @ +-:+)6D) -6<:- +)6+1F6 @ +)6+1F6 57;<:)6,7 +75841+1,), @ ;-6<1,7 ,-4 0=57: 8):) 0)+-: 8);): ) 47; );1; <-6<-; =6 :)<7 1674>1,)*4- $6 :)<7 ,76,- 87,:-57; -;<): 5B; +-:+) ,-4 16+)6;)*44=+0),7: ):/-6<167 ;=; 8)4)*:); +757 ):5); ;=; 1,-); +757 :-.-:-6<-; B;)<- 87: 4) 6=->) ;)4) ,- +76+1-:<7; ,- "->144) =6) ;)4) 9=- ;=:/1F <:); -4 C?1<7 ,- 4) 8B/16) ,- )+-*773 +76 5B; ,;-/=1,7:-; ') 67 -; ;F47 =6 4=/): ,76,- 87,-: -6<-:):67; ,- 47 9=- 8);) -6 "->144) <)5*1C6 -; =6) ;)4) ,76,- <:)-: 8:78=-;<); @ 6=->); 27@); ,- 6=-;<:7 8)67:)5) )+<=)4
01enero 04/01/2015 9:00 Pรกgina 17
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
/<17O< 23 6
:4=<A= ( + !!
:0/13B3N= 6/ A72= B3:= <3@= 23 "/@:/<5= =<B 57D3 C> 4C3 AC >@7 ;3@ 3:3>L ( ! " ! # ' )=@<3= EEE A/:/;/:/<2/@ <3B ( + !!
- < AC ;PA71/ 4CA7=</ >@7< 17>/:;3<B3 :/ 8=B/ /@/5=<3A/ 3: 8/HH :/ ;PA71/ /<2/:CAM 3: 4:/;3<1= G =B@/A 1=@@73< B3A ;CA71/:3A =< AC 3A>31BK1C:= % 'S( ! % #$ 6 T T /<B717>/2/ ! $ ' ' ) D2/ 23 :=A C7<2=A #Q ):4 EEE :/1=163@/1/ 0/@3B 1=; "R! 3< ( ! + #)* ! "*( /::3 C3@</D/1/ EEE 3D3<BC/:;CA71 1=; "K:/5/
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
01enero 04/01/2015 9:00 Pรกgina 18
*;=.< $ >7.< $$! !" ( 5*< *;G* >2<* < 7 % (
$ 1 -.
! #' & & *;=.< !& % ' $ .7 5* 26*0.7 7 & &$! * N 7 .7.;*5=2,4.=< ,86 A2<=. *+878 ?-*
!
.<-. 8,=>+;. .<=E+*68< <27 3*CC B ,87 .5 3*CC -*68< 5* +2.7?.72-* *5 7>.?8 *H8 %27 =.68; * .:>2?8,*;6. >7 <.62 -28< 55*66*-8 -859. 81*77.< ;*7,878,2-8 9;26.;8 ,868 855*; ;*7-. B 98<=.;28;6.7=. ,868 +->55*1 +;*126 .< >7 92*72<=* <*A8/872<=* ?28587,1.52<=* /5*>=2<=* ,*7=*7=. B ,8698<2=8; 7*,2-8 .7 5* $.9J+52,* %>-*/;2,*7* .7 7,*7<*+5. -./.7<8; -. 58< -.;.,18< 1>6*78< <> 6J<2,* .< .7 ,2.;=* 6.-2-* >7 ;./5.38 -. 5* 9;8/>7-2-*- -.5 .<9G;2=> 1>6*78 >7 0;2=8 * 5* 6.68;2* -.5 M/;2,* <8H*-* 5.?* -.5*7=. -. >7 92*78 -.<-. 58< *H8< B <> =;*+*38 1* ;.,8;;2-8 =*7=8 .5 3*CC ,868 5* 6J<2,* ,5E<2,* 8 5* ,8698<2,2I7 -. +*7-*< <878;*< *+5*7-8 -. <> .<=258 K ,868 */2;6* "12529. *;5.< <> 6J<2,* *<>6. <2.69;. >7* -26.7<2I7 8;:>.<=*5 0;*7-28<* -87-. 5* 6.58-G* .A2<=. .7 9;26.; 5>0*; .7 5* ;.9. =2,2I7 *7=.< -. <.; =;*7<98;=*-* 98; >7 *52.7=8 5G;2,8 B ,*<2 6G<=2,8L "8; <> 9*;=. $2,1*;- *552*78 .5 *,8;-.872<=* /;*7,8 2=*52*78 .5 .=.;78 *6208 -. <=8; "2*C855* <.;E .5 9;26.;8 .7 55.0*; * %.?255* 7=.;9;.=*;E * 278 $8=* . 2;E *,869*H*-8 -. <> +*7-* <=. 9*;=2,>5*; 186.7*3. .7 ,5*?. -. 3*CC *5 ,8698<2=8; 2=*52*78 -. 6J<2,* ,5E<2,* B ,27.6*=80;E/2,* .<=E 0;*+*-8 ,87 .5 <.558 .>=<,1. ;*6689187 B B* 1* 9*<*-8 98; ?*;28< /.<=2?*5.< -. 3*CC -.5 9*G< 278 $8=* >7 ,8698<2=8; :>. -. 1*+.; .<,;2=8 <858 5* 6J<2,* -. * %=;*-* =.7-;G* .<9*,28 20>*5 6.7=. .7 5*< *7=8580G*< -. 58< ,8698<2=8;.< ,27.6*=80;E/2,8< .>;89.8<
*CC
$
$
%1>//5. 5>.<
% % &$ *;-.< -. 6J<2,* 9*;=2,29*=2?* 5*< 1 ?*70.52<=* % (
/><2I7
!% #'
#' $& &
,2'
*CC
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
87 *?2.; .50*-8 %@270 &;28 * 2-.* -. /8;6*; %@270 %8>=1 <>;02I ?2.7-8 .5 ,;.,2.7=. 27=.;F< :>. 1* 1*+2-8 .7 %.?255* .<=8< J5=268< *H8< 98; 5* ,>5=>;* %@270 '78 -. 58< 9;27,29*5.< /27.< -. 5* <8,2*,2I7 .< 5* /8;6*,2I7 -. 58< +*2 5*;27.< "*;* .<8 %@270 %8>=1 =;*+*3*;E ,87 5* .<,>.5* %.?255* %@270 *7,. ,>;<8< .<9.,2*5.< =*55.;.< ,87=*,=8 ,87 8=;*< .<,>.5*< B 6>,18 6E< 9.;=>;* 9>.;=*< 1 N 78 <8,28< <8,28< -. %@270 *7<8>=1 N % 95*C* -.5 ">6*;.38 < 7 @@@ ,87,2.;=8<.7<?: ,86 % (
01enero 04/01/2015 9:00 Pรกgina 19
" ' ><84=I0 BD =D4E0 68A0 &* '$ $#) ') 7 34 0 V !+ !! $) %0A0 ?A4 B4=C0A BD =D4E> B8=6;4 "06>B 34 <>A ;0B 7 34 0 V E30 "0AM0 !D8B0 B = )4; FFF C40CA>;>?434E460 >A6 ( + !!
>;01>A0 BB490II ; B0G>5>=8BC0 H 2><?> B8C>A 4B 34 ;>B 0AC8BC0B 4<4A64=C4B <KB 8<?>AC0=C4B 34 ;0 4B24=0 90IIMBC820 34 #D4E0 .>A: ?>A B4A D=> 34 ;>B <PB82>B <KB >A868=0;4B H P=82>B 34 BD 64=4A028O= #0283> 4= !>B =64;4B 0;85>A=80 H 2A803> 4= D<020> %D4AC> '82> "0A8> 0BCA> 4<?4IO 2>= 4; B0G>5O= 0 ;>B 3>24 0N>B H 2>=B86D8O D=0 1420 ?0A0 8A 0 4BCD380A 0; 4A:;44 >;;464 >5 "DB82 34 >BC>= 4= ;;M 4<?4IO 4; "0A8> 0BCA> &D8=C4C 2>= 4; @D4 C>20A>= 4= E0A8>B 34 ;>B <KB 8<?>AC0= C4B 54BC8E0;4B 34; KA40 #4F?>AC 0II 4BC8E0; ">=CA40; 0II 4BC8E0; )>A>=C> 0II 4BC8E0; "0AC70 B +8=4H0A3 0II 4BC8E0; 4=CA4 >CA>B 7 V V ><D=8303 *=8E4AB8C0A80 +4=C0 34 4=CA030B 34B34 7>A0B 0=C4B 4= *( *( "03A4 34 8>B FFF 282DB DB 4B ( + !!
($ U# $$! . $$ " ! %'$ ) 34B34 2;KB82>B 34 ;0 5DB8O= 4=CA4 4; 90II H 4; ?>? 2><> 4; %0C "4C74=H A>D? ?0B0=3> ?>A 0AA46;>B 0AA84B603>B 34 C4<0B 2;KB82>B 34; <8B<> "8;4B 0E8B 70BC0 ;0 0?>AC028O= 34 2><?>B828>=4B ?A>?80B 34 ;>B <84<1A>B 34 ;0 10=30 2>= 4; 34=><8=03>A 2><P= 34 ;0 5DB8O= 34; 90II 2>= 4; A>2: ?A>6A4B8E> " $ $ %'$ ) / &* ! ' !* 0II 2>=C4<?>AK=4> " $(J # $ '#S# / )'T$ %' % ' # ".( ! = 4BC0 >20B8O= 4; ?80=8BC0 >BL 6=028> 4A =K=34I ?A4B4=C0 4= 5>A<0C> 2;KB82> 34 CAM> 34 90II Q%A4?0A8=6 <HB4;5R = 0;;4 >2C>A $;>A8I ' #
&*
#
! ' # $
! ! )'T$ ! ( $ ! '$$+ $# ,$$ ( ! '$ ')$ #) '$ '$$ + # &* ') ) 184AC> C>30B ;0B =>274B 34B34 ;0B 7 %A8<4A ?0B4 0 ;0B 7 )49O= H '>3AM 6D4I FFF II?D1 4B "S!
'0<?0B 34 B:0C4 4G78 1828>=4B 34 1A40: 30=24 H 6A0558C8 ?0C8=094 <PB820 FFF E8E4E820A 4B +T '
184AC> C>30B ;0B =>274B 34B34 ;0B 7 %A8<4A ?0B4 0 ;0B 7 ( ! //%* )49O= H '>3AM6D4I FFF II?D1 4B "S!
-% ' # 0 8<8 4=3A8G V 7
# ' - )A81DC> 8=828>
'' )- '' "0;0B #>C8280B 4= 4DB:4A0 4B D= 6AD?> =0E0AA> 34 A>2: 2DH0B 20=28>=4B 4BCK= 20=C030B 4= 4DB:4A0 H @D4 5D4 5D=303> 4= 4= !4:D=14AA8 #0E0AA0 V 0=C828?030 4= <DB8:0I4 2>< ?4ACDA0 7 )>A=4> )4;L5>=> ( + !!
V 7 '0180
#J' ." ! . V 0=C 4=LA820 ?A4B4=C0 E8C4 ">A8A 34
) %'$" ( # )A81DC> 0 AD24 (?A8=6C4= 7 !*%*!$ 7 V '>2: 0;C4A=0C8 E> 2>= 34C0;;4B B8=CLC82>B H B>=83>B 4=E>; E4=C4B 024 0?4=0B D=>B <4B4B @D4 2D028O= ? E8> ;0 ;DI H !D?D;> H0 2><84=I0 0 A42>64A ;>B 5ADC>B 34 BD CA0109> D4 4;468 3> 4= 4; >=2DAB> %>? '>2: 4B4=2090 34; ">=:4H ,44: =CA030B 4=CA038D< 2>< %; 34; %D<0A49> B = FFF 2>=284AC>B4=BE@ 2>< ( + !!
# # # 7 %>? A>2: 2>= 6>C0B 34 BF8=6 '$ '$( 7 %>? H '>2: '>;; ( ( ;0B 7 ><8=6 ><4 (4<8 02>DBC82 B7>F 34 ?>? A>2: 0;C4A=0C8E> ' $($( # 7 "PB820 34 6D0C4@D4 )' # . ' $ ;0B 7 '>2: C4<0B ?A>?8>B 4= 8=6;LB $ * ' ;0B 7 %>? A>2: 4= 20BC4;;0=> )4<0B ?A>?8>B H E4A B8>=4B E0=64;8BC0 H ( + !! ! ( !+ "$#)$. '>2: BDA5 60A094 2D<180 H ?D=: 4BC4 6AD?> 20C0;K= C84=4 <D27> A8C<> 7 V "$ !$ ' (%* () %$! ' 7 0?4ACDA0 ?D4AC0B ;0<430 34 LA2D;4B FFF 5D=2;D1B4E8;;0 2>< ( + !! !
" ;0B 7 (% #) % '' $( ! # '$ #)U $ E30 34 D10 # FFF >A? 74DBA>2: 2>< " ' # ! ! ' !
'$ '$" '$ G (D=30H A8E4AB 7 V = )82:4C40 2>< ! ) ' # ( 7 = >BL M0I ( + !!
01enero 04/01/2015 9:00 Pรกgina 20
A1B1? %'# $%' $! 1:@>; 018 <>;3>-9#'% $" P , : 0525/5; ;:?@5@A/5K: 01 8-? 4 S S /;: /->:1@ A:5B1>?5@->5; :@>-0-? 1: CCC @5/7@-/7@5/71@ /;9 P , (51>:1? :# " "! $ %"% % " R! #8-F- 018 #A:@; 8-? 4 S ' (
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
$ &$" & !" 4 S %"'& % $ "$ %& 4 S >A<;? /;9; !& ! $ !"$ &+ " "! ! ! $ % #" $ $ % * ! #! ), $ 4 S : / A>-:5; CCC ?-8-4; 88-:01> 1? % ( ;? B51>:1? E ?G.-0;? /;:/51>@;? 01 >;/7 ?C5:3 .8A1? '$ !" " * -@-4-/-? % ( >A<; 01 >;/7 =A1 >5:01 4;91:-61 - 8;? -J;? /;: B1>?5;:1? 01 3>A<;? /;9; 8-/7 %-..-@4 11< #A><81 '2; 10 ,1<<185: >11 >-:0 A:7 $-58>;-0 4 $ '! R! #A>1F% ( ! 1 - (;F 50? 4 :@>1 E S & &$" ' &"$ " $ $ % ' Q$ -95:; #18-E ;>>1? : &18 CCC @1-@>;>5.1>-?018 3A-0-5>- /;9 P ' Q$
;: 8- <A.85/-/5K: 01 A: :A1B; 05?/; -? #A1>@-? 018 518; 4 $ ! & &$" R$ " B >-: -<5@G: &18 @1-@>; /;>0;.- /;9 R$ "
&41 1-@81? (;8A91 &41 1-@81? (;8A91 /;:/51>@;? ?1 -:A:/5-: - 8-? 4 /;: -<1>@A>- 01 <A1>@-? - 8-? 4 % "" ' %-:@- G>.->$ !
@-=A588-
P!
%& !
4
S
S
"! # $ 1?01 18 >;/7 /8G?5/; -8 ?5:2K:5/; 4 @-=A588- S -:@ S : ;>:; 01 .-0 &18 CCC <8-:@.-6- :1@ $ ! ;: ;? :;/41? 1: 18 #>5/1 5: 01 35>- 4 E S 1: &5/71@9-?@1> ' &"$ " !' #-?1; 01 8;? G>@5>1? ? : &18 CCC 9-:A18012-88- ;>3 $ ! &>1? -J;? 01?<AH? 01 ?A L8@59; G8.A9 A?@-9-:@1 @51:1 85?@; ?A ;/@-B; 05?/; ( ( $ 4 1 - S 3-?@;? 01 05?@>5.A/5K: # " *#"% "! % + "! $ %"% $ ! #-?1; 018 (5;8K: ? : &18 :@>-0-? 1: @5/71@9-?@1> 1? E @5/71@1- /;9 $ !
01enero 04/01/2015 9:00 Pรกgina 21
A:1? ) #' 8-? 4 01 - S B0- !->5- A5?- ? : CCC @1-@>;8;<101B13- ;>3 & ) )
:'
'%# #$
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
;:/51>@;? 8;? B51>:1? E ?H.-0;? /;: 3>A<;? /;9; ' ( &% %& &#"#% #&G % # " &$ % ", .51>@; @;0-? 8-? :;/41? 01?01 8-? 4 '16L: E %;0>J3A1F CCC FF<A. 1? !Q 1 @18;:1>;? #& $ "'#" & /;: ?A <>591> 05?/; %A50; %;?4 S # % % ' B0- 01 8;? A5:0;? "N !Q 1:@>-0-? /;9 !Q
&
CCC 9-8-3'% " %
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
'>-? <-?->?1 8- 9-E;> <->@1 01 E 35>-:0; A>;<- 9I>5/1: ?@-0;? (:50;? /;: >E?@-8 534@1>? -<L: E 18 16-:; #>51:@1 1: 1:1>; 01 <A.85/->;: 18 $ & /;: A: 9H? 9->/-0; -/1:@; 181/@>L:5/; E /A-@>; 91?1? 01?<AI? 8813L ?A ?13A:0; 8->3- 0A>-/5L: ! ) " 1: 18 =A1 -K-051>;: 9H? <>; 2A:050-0 S 9H? 3-?@;? 01 31?@5L: S -:@5/5<-0- <1>@A>- <A1>@-? 4 : & ! " % ';>:1; & ) A.?@1< >A9 -?? -?? #'# ")# ) ' % & ! " # :@>-0-? S <A1>@- S A:381 18B5: &> 7>-91> ";A?1 &1817@-4 -7 &/>-@/4 >A9 -?? >1-7? &181/@>1-7? %1/;>0? <>1?1:@- ' !'%(" & % >1-7?9-25- &-B1 '41 %-B1 6 ;:-E 0>5-: A@:-: :@5/5<-0- S <A1>@- S !M?5/- 181/@>L:5/- >A9 -?? A-8 &4;/7 ;81/@5B;
!A?5/ " && -:@5/5<-0-
1 4- 4 : 8-2-:-@5/ /;9 & )
1>>-951:@-?
CCC ?-
01enero 04/01/2015 9:00 PĂĄgina 22
,3 (3 90:;F)(3 63F5 *65 -<5*0F5 +,
(
$,3
3(: @ +,
/ +,
( I ,5 $ $" #$" ' !(:,6 +, $(8<033(: , 3<5,: ( :B)(+6 @ +6405.6: @ -,:;0=6: ( / >>> ;,(;96+,3(4(,:;9(5A( ,: # &
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
&0,95,: @ $(5;;(2( $,( ;96 $(5;(9(5;(5( $,(;9, 3),5( $,(;9, # " # & ,#; #, *656*,5 ,5 73,5( *90:0: 05=63<5;( 90(4,5;, ,5 <5 36*(3 +, 46+( 3 +,:;056 *65 3(: 7,907,*0(: +, <5 -05 +, :,4(5( /(9B 8<, 7<,+(5 *64,5A(9 ( =0:3<4)9(9 <5 5<,=6 /690A65;, ,5;9, ,3 ,:7,:69 +, 3( 33<=0( ,:*6*,:( :;, /690A65;, 3,: 7,940;09B 9,*< 7,9(9 3(: .(5(: +, =0=09 @ 3( 76:0)030+(+ +, 409(9 ,3 4<5+6 *65 <5( :6590:(
#B)(+6 @ ;033( 67( $
$"
, <(5 <0: ( $" # &
: <5( ,?79,:0F5 0;(30(5( 8<, :0.50-0*( 56 :C %5 :636 +, +(5A( *69,6.9(-0(+6 , 05;,979,;( +6 769 <(5 <0: (;033( 8<, )<*,( ( ;9(=C: +, *9,(+69,: *3B:0*6: *646 !(3<**( 6 !,99,(<3; 7(9( :(309 ( -36;, 05;,9*(3(5+6 @ 9,4,A*3(5+6 ,:;9<*;<9(: +, +(5A( (*;<(3,: *646 3(: +, 6:,- (+1 (9;05 !0:(50 $/64(: (<,9; :05 +,1(9 +, 3(+6 ,:;036: <9)(56: *646 ,3 -66;>692 6 ,3 )9,(2+(5*,
$
,3
(3 $"
!
, 69+0 (3*,9B5 & # &
, 69+0 (3*,9B5 6: 7,9:65(1,: +, ,:;( *64,+0( :, =(5 ( (5*G5 +, =(*(*065,: ,:*(5:(9B5 ;64(9B5 ,3 :63 *656*,9B5 3<.(9,: 5<,=6: @ (3 =63=,9 76+9B5 *65;(936 ( 36: (40.6: 7(9( 8<, 3,: ;,5.(5 ,5=0+0( !,96 05,:7,9(+(4,5;, :, 3,: 73(5;,( (33D 3( .9(5 79,.<5;( H :6 36: /(9B 4B: -,30*,: H : ,:6 36 8<, ,336: ,:7,9()(5 +, :<: =0+(: 7(:(9 +0,A +D(: ,5 (5*G5 *65 ,:6: 05+0=0+<6: *65 ,:( 7(9,1(
&0,95,: @ ,.9( $,(;96 #
"
, ( (1( # &
,#; ( *90:0: /( 33,.(+6 ( 3( 9+,5 +, 3(: #0,9=(: +,3 #(5;6 ,4)90336 <5 *65=,5;6 +, *3(<:<9( +090.0+6 769 <5( (<;690;(90( @ +640 5(5;, 4(+9, :<7,9069( +0:7<,:;( ( *<(3 8<0,9 *6:( 7(9( :(*(9 3( *65.9,.(*0F5 (+, 3(5;, $6+6 *(4)0( *<(5+6 33,.( (3 *65=,5;6 <5( 5<,=( (:709(5;, 8<, 76*6 ( 76*6 09B +,:*<)90,5+6 36: :,*9,;6: +, *(+( <56
&0,95,: 9<4( $
@ $"
/650 *0( 3(4,5*( &( $" # &
69., (996:6 ( /650 (5<,3( 6.(3,: @ 4<*/6: 4B: :, <5,5 7(9( 9,765,9 ,:, ,:7,*;B*<36 8<, /( 8<,+(+6 ,5 3( 4,4690( (5A( *65;,4769B5,( 7,9-694(5*, +0:*0 7305(: *09*,5:,: @ 769 :<7<,:;6 (09,: -3( 4,5*6: 3 ,:7,*;(+69 (*647(E( ,5 :< =0(1, ( (3.(4( <5 :,9 5(*0+6 +,3 76A6 +,3 63=0+6 3<.(9 +, +,:;0,996 7(9( 36: 8<, :, :(3,5 36: *B565,: ,:;()3,*0+6:
<,=,: %# # &
,! "
%"
!96@,*;6 +, @ :6)9, 3( +(5A( ,+0(5;, 3( <;030A(*0F5 +, *<(;96 *69,6.9(-D(: 0*F50*(: +, 3( /0:;690( +, 3( +(5A( @ +, 3( /0:;690( 7,9:6 5(3 +,3 *9,(+69 ,3 ,:7,*;B*<36 796765, 9, ,5*(95(93(: @ 9, )(03(93(: *646 .,:;6 /0:;F 90*6 @ :04)F30*6 +, (+409(*0F5 @ 9,*656*0 40,5;6 7,96 ;(4)0C5 *646 <5 ,1,9*0*06 +, (<;6 *9D;0*( /<469D:;0*( +,3 4<5+6 @ 36: 9,-, 9,5;,: +, 3( +(5A(
01enero 04/01/2015 9:00 Pรกgina 23
F # ! G *+ ;'4 '8259 ;(/5
F K % % G 2+= H 5-.+8:>
F ! ! # ! G *+ ;'4 '>58-'
F " " G *+ I4-+2 ;/?
F L G *+ 58*/ '8)+2A4
F G !.+ 36+8/'2 )+ :'89
F & ! G *+ !+44+99++ $/22/'39
% F! G
F # J G *+ ;-+4+ H +/22
F "! G *+ 8/9:E,'4+9 F # G *+ $/22/'3 .'1+96+'8+ F G !*+ 2/9:'/8 +':54 & F # % " G *+ +8(+8: 585:+
& F ! G *+ /-;+2 *+ +8<'4:+9 & F # G *+ +84'4*5 '9:+:9 > ;'4 '36'4+22' & FL ! K G *+ *;'8*5 '2A4 > '(8/+2 2/<'8+9 & F ! " " G *+ 2,5495 &;885 % F G *+ '::.+; +2'658:+ > 2+='4*8+ *+ 2' ':+22/B8+ % F % # % G *+ 8'4)/9)5 *+ 50'9 &588/22' 536'DC' ')/54'2 *+ !+':85 2A9/)5 > " ! F ! G
" I # ! " K ! " K & !" % & % " ! # F # G *+ /5<'44/ '6::/9:' +8-52+9/
" ! ! 62'>9 ! ! " & ! ! " ! ! F 525;89G & # ! F G ! % # ! " "
" & ! # & 87;+9:' *+ A3'8' *+ ;0+8+9 @ +4 G
K ! "
! % " % K " % J "
! ! B > B !7/2+897+ % 3+74 :3/4& 4(7'8 *+8):+394 4(7'8 *+8) $$ % +85+)9?):148& *+8):+394 34 8+ 5:+*+3 .')+7 )42(/3')/43+8 +397+ 148 */89/3948 '(4348 ! " + . ' . > *+ . ' . +77'*4 *42/3-4 1:3+8 > ,+89/;48 8/3 ,:3)/A3 47'7/4 *+ ';/*'* +2'3' '39' > +7/' )438:19'7 +3 9'6:/11'8 3,472')/A3 *+ 9'6:/11'
# ! ! ! <<< -+3+7'19/)0+98 )42 %+=)+594 '(4348 > 5'7'@84 1'9+7'1& 89+ 574-7'2' +8 8:8)+59/(1+ *+ 24*/,/)')/A3
01enero 04/01/2015 9:00 PĂĄgina 24
-4 )4 $" & >-/) 7:/ # &
4); >,)
0 ;C*),7 A 0 ):E) =1;) ; 6 $-4D.767
7516/7
0 - ) M -6 $ ??? <-)<:7478-,-
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
&1-:6-; <:7 $ $" &
A %!%
1;<:1G6 $-) " #
&1-:6-; -:A -4/),7 >C6 ,-B ):47; /=,7 7;D I ):-,-; %# # &
-#< +758)F)57; ) 4) :-16) ) 47 4):/7 ,=6 ,E) ,-4 >-:)67 ,;)*-4 ,);<144) )+)*) ,- <-6-: 4) ,1;8=<) ,-.161<1>) +76 ;= 012) =)6) 8-:7 ;= ,747: +757 5),:67 >) ) 0)+-: 9=- .4)9=-- ;= :1/7: +757 :-16)
&1-:6-; A $ $" !% $ "
# &
- );3):),)
6
%6) 7*:) 9=- )*:- 16<-::7/)6<-; ;7*:- 47; 51-,7; +76<-587:C6-7; 47; 8:-2=1+17; A 4) +76.1)6B) %6 5761<7: ,- 6)<)+1G6 )*:)B) A ,) =6 *-;7 ) =6 61F7 -6 4) 81;+16) J%6 ;15 84- /-;<7 ,- <-:6=:) 7 )4/7 5C; 8):<1: ,)0E ;- 4->)6<) :C81,)5-6<- =6) <7:5-6<) ,;=87;1+176-; 5)4-6<-6,1,7; A ,-;+76.1)6 B); 9=- )<=:,-6 )4 8:7<)/761;<) ) ;=; )51 /7; - 16+4=;7 )4 -;8-+<),7: -;<7; )8):-6 <-5-6<- 167+-6<-; 9=- ;=5),7; ) =6) 158-6-<:)*4- +)8) ,- 8:-2=1+17; ;- <:)6;.7: 5)6 -6 51-,7 A >174-6+1) A 9=- 67 ,-2)6 ) 6),1- 16,1.-:-6<-
-4 $"
)4
&
%6) .)5141) ,-;-;<:=+<=:),) %6) 5),:7*;-;176),) +76 4) .-)4,), ,- ;= 0127 A =6 8),:- 9=- 6=6+) 44-/):C 0)6 +:1),7 ) =6 61F7 9=- ) 8-;): ,- ;-: =6 576;<:=7 )4 9=<7,7 -4 5=6,7 :-8=,1) 8:-;-6<) =6) 67*4-B) A =6) 167+-6+1) 1587;1*4- ,- )4+)6B): 87: +=)49=1-: ;-: 0=5)67 >1>7 A 8-:.-+<7 <:) >D; ,- >):17; -81;7,17; ,- 4) >1,) ,-4 61F7 ;1:C6 ,-;+=*:1-6,7 47; ;-+:-<7; ,- -;<) -@<:) F) .)5141)
- =)6 )A7:/) $ # &
- =)6 )A7:/) -+141) :-+1*- -6 8:D;<) 57 =6) +C5):) ,- >E,-7 8):) 0)+-: =6 <:) *)27 -;+74): =6) -6<:->1;<) 615),) 87: ;= 5),:- K )=4) 4) ),74-;+-6<- -6+1-6,- 4) +C5):) )6<- ;= )*=-4) K"7;) ;) -6<:->1; <) ,-;-6+),-6):C 7<:); ,-;-;<)*141B)6,7 8):) ;1-58:- 4) >1,) .)5141): A 0)+1-6,7 9=-+141) )=4) A "7;) ;- >-)6 +757 6=6+) )6<-; ;- 0)*E)6 >1;<7
$
-4
$"
)4
%
L
- -41@ ;<)1:# &
%6 8741+E) )6<1,1;<=:*17; :-+1D6 2=*14),7 0)+=6 :-8);7 ,- ;= >1,) ) <:)>D; ,- ,-<-:516) ,7; )+76<-+151-6<7; ,- ;= >1,) A ,- 4) 01;<7 :1) ,-4 8)E; 51-6<:); ;- 8:-8):) 8):) :-+1*1: 4) -,)44) ,- :7 ,-4 76/:-;7 )4 D:1<7 :7.-;176)4 6;<1/),7 87: ;= 012) ;- 84)6<-) -4 ;1/61.1+),7 ,- 4) 0767:)*141,), A -4 5-:-+1 51-6<7 ,- ,1+0) +76,-+7:)+1G6 @1;<- =6) -;8-+1- ,- .1/=:) ,-67;<),) ,-4 )6<1,1;<=: *17; +757 *:)B7 -2-+=<7: ,- 4); 8:-<-6;176-; 874E<1+); 8-:7 ;- <:)<) ,- =6 ;-: 0=5)67
&1-:6-; A - ) ():)6,) $-)<:7 6-;<)*4- 6,)4=+E) ) )2) $ $" $" # & :1;176-:7; ,- 4) 0-:-6+1) /-6D<1+) 47; 01; <7:1),7:-; 5D,1+7; A ,-4 +76;=57 -;<),E;<1 +7 9=- ),5161;<:) ;= <1-587 -;<7; +=-:87; ,-;)0=+1),7; )+)*):76 ,-87;1<),7; -6 -;<)45)+D6 ,- G:/)67; ,-<-:17:),7; ;16 87;1*4:-/-6-:)+1G6 %6) +76.7:<)*4- A );D8<1+) )6<-;)4) ,- 4) 5=-:<-
01enero 04/01/2015 9:00 PĂĄgina 25
=->-; *)6)
A - :;-61+ :< %<=,17 &)6<):)6<)6) &-)<:- -6<:7 ,-4 .-%< 4); 0 ,7516/7 ) 4); 0 N N :-,=+1,) & &$! ' M ) ??? .=6,1+176,-;->144) -; A ??? ;->144).-;< +75 &-4 % (
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
4 A &$!
'
M
- ,-6<:7 &-)<:7 & % (
-%< '6) 51:),) =-/7 =6 )*:)B7I 9=)*:- -4 <)6/7 H 7; +758)E-:7; ,- >1)2- 7 ,7; 6C=.:)/7; 7; 8-:;76); -6 -4 8=6<7 ,67 :-<7:67 A ) 8-;): ,- -447 C>1,); ,- )>-6 <=:) A 787:<=61,),-; 4 8=6<7 -@)+<7 -6 9==67 ,-+1,- 67 ,-;)6,): -4 +)5167 ;167 ) 8-;): ,- <7,7 ;-/=1: +76;<:=A-6,7
%C*),7 &$! (
D) &! %'$ % (
:-)54)6, &
=)6 67 4->)6<) +)*-B) ,-;,- ;= 67>1) "7: .16 0) +76;-/=1,7 9=-,): +76 =6) +01+) 7 9=- 67 ;)*- -; 9=- 44-/):C6 ,1;8=-;<7; ) 16;<)4):;- -6 ;= +);) ;=; )51/7; 8-4-),7; +76 ;=; :-;8-+<1>); 8):-2); 61 9=- ;= 0-: 5)6) 0) +76+-:<),7 )44D =6) +1<) +76 =6 075*:- 9=- 67 +767+- 1 9=- -4 -6+):/),7 ,- 5)6<-6151-6<7 ;F47 ,1;876- ,- -;<- ,D) 8):) 876-: =6 81+)87:<- -6 4) 8=-:<) ,-6<:),) 61 +75-,1) ,- -6:-6,7
(1-:6-; A 6),-:7 ,- 4) )*),D) & % (
&-)<:7 ,-4 6>-: &$! &$
'6) .)6<);D) ,- ):74, "16<-: 9=- +76 -4 <1-587 ;- 0) +76>-:<1,7 -6 :-)41,), "16<-: 67; 8:-;-6<) =6) ;C<1:) ,-4 .=6+176)51-6<7 *=:7+:C<1+7 A -4 /7*1-:67 )=<7:1<):17 ,- =6 ;)6)<7:17 +=A) 6)<=:)4-B) -@)+<) 67 ;- ,-; >-4)
(1-:6-; A & &$! '#'
" $
D) -1 =:*1 % (
-%< ;8-+<C+=47 ,- <-)<:7 A 5G;1+) +76 )::-/47 ,- 4); 8):<-; 5=;1+)4-; ) +)88-44) -6 -;<- 575-6<7 -6 9=- 4) J16/-61-:D) .16)6 +1-:)K 4- :7*) -4 8:7<)/761;57 ) 4) J0=5)61 ,),K 7B):< 67; -@8:-;) ,- .7:5) +4):) A 8:-+1;) 9=- -; /:)+1); )4 87,-: ,- 4) 5G;1+) ,-4 ):<- 9=- 47; 8-:;76)2-; 87,:C6 )<:)>;): )4-/:-; 4) 7;+=:) 67+0- ,-4 51-,7
01enero 04/01/2015 9:00 PĂĄgina 26
= F
$-)62)7 0%7 ,
0&)683 !%2 9%2 ")%863 ()0 %66-3 )2863 ()0 *)!8 F 6)(9'-(% " " " :(% %659) () )74)B%4)6637 ")0 ;;; %8%0%=% 828 '31 = ;;; 7):-00%*)78 '31 ! $
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
"
A%7 "
=
$
)
%6037 9&-3 ! $
% 19)68) () 79 4%(6) 3&0-+% % %:-( % ,%')67) '%6+3 () 79 0)+%(3 286) 797 4)6 8)2)2'-%7 )2'9)286% %0+3 -2)74)6%(3 0%7 '%68%7 () %136 () 3863 ,31&6) )7'32')68%(3 436 )0 ()7'9&6-1-)283 ()'() ()7'9&6-6 0% :)6(%(
)0 )-00 "
%0 "
) 9+)2) $ ! $
$-)62)7 0%77-'7 " ! $
"
=
# #
) 6%**-8-
)!8 9)6(%7 () 9)+3 74)'8?'903 (32() %0 *-2%0 ()0 '9%0 0%7 '9)6(%7 () 037 -27 8691)2837 %'%&%2 )',%2(3 ,913 D7-'% 4%6% 83(37 037 +97837 ()7() )0 '0?7-'3 8)1% () 3,22= %7, % ! %',
"
)0
%0
#
) -)+3 2-(3 " ! $
E
7 92 (A% () %+3783 () )2 '%7% () %1)7 "=632) '@0)&6) %'836 () 8)%863 63() %(3 () 79 )7437% = 797 (37 ,-.37 3 59) '31-)2>% '313 92% 40?'-(% .362%(% () :)6%23 )2 0% '%7% .9283 %0 1%6 -6? '32:-68-@2 (37) 43'3 % 43'3 )2 92 '31&%8) ()7'%62% (3 % 1)(-(% 59) :%=% %:%2>%2(3 0% .362% (% = 037 ()132-37 *%1-0-%6)7 7%0+%2 % 0% 09>
)!8 #2% -2'6)A&0) ,-7836-% () ()1)2'-% '328%(% '32 ,9136 !=132 '-69.%23 %983((%'8% () +6%2 8%0)283 2%') 1)7)7 (A%7 = ,36%7 ()749@7 () 0% 19)68) () 3863 !=132 @(A'6A 79 ,)61%23 = ,31C2-13 '32 '9=% 731&6% 7) &%8) (96%28) 83(% 79 :-(% !%&)(36 () 59) 79 3863 =3 89:3 59) 136-6 4%6% 59) 797 4%(6)7 03 '32'-&-)7)2
$-)62)7 = " " "! $
$-)62)7 = " " "! $
) %61) ")%86)
)!8 )0C03+37 )0)'863%'D78-'37 )2 83623 % 377)%9 '31&-2%'-C2 () 132C03+3 8)%86%0 = 1D7-'% % *-+96% () )%2 %'59)7 3977)%9 430-*%'@8-'3 = %983(-(%'8% 1%)7 863 -09786%(3 86%27*361%(36 () 0% *-0373*A% 0% 430A8-'% 0% 4)(%+3+A% 0% 1D7-'% = 0% &38?2'% 7) 6)()7'9&6) % 03 0%6+3 () 0% 3&6%
92)7 " "
=
$
0)< 3+,)68 ! $
#2 4-%23 1?+-'3 ()0 59) 7%0)2 1-0)7 () -27 8691)2837 7)6? )0 ')2863 () 92 )74)'8?'903 (32() )0 7;-2+ )0 434 )0 *92/= = )0 63'/ 7) %0A%2 '32 )0 ,9136 #2 :-%.) % 79 -1%+-2% '-C2 %'314%B%(3 () 0% ->%66)6A%
) 'A% 66-)6-837
)!8 "6%7 %B37 )2 )7')2% ,% 59)6-(3 6)'3+)6 )737 -278%28)7 -230:-(%&0)7 59) ,%2 1%6'%(3 79 86%=)'836-% %68A78-'% % *92'-C2 &97'% ,%')6 4%68A'-4) %0 4D&0-'3 () 0% 4)673 2%0 = +)29-2% *361% () )28)2()6 0% (%2>% () 66-)6-837 59) )2 79 131)283 ()'-(-C (%6 92 4%73 *-61) )2 )0 192(3 ()0 *0%1)2'3
9):)7 #
=
E
! $
31% %0()6C2
)!8 ",) 3:)67 )7 92 32) ;31%2 7,3; () 86)7 %'837 31% %0()6C2 -2:-8% % 037 )74)'8%(36)7 % 92 :-%.) -230:-(%&0) % 03 0%6+3 () 79 :-(% %13637% 40%+%(% () )2'9)28637 %1%28)7 *3689-837 '69')7
01enero 04/01/2015 9:00 Pรกgina 27
, ,8:52+ 8,*/: 8(3(:;8.0( 59B (4;,2 58( $" %' $ $" ,2 (2 8,*05 K $ $" $" * 59, A2<,@
08,**0E4 (8259 2<(8,@ 995805 58(805 / 5304.59 ? / 8,9:5 $,2 # &
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
2 ? +;**054,9 $
$"
, ( ;4+0*0E4 85 # &
,#: ,82C4 ;4( *0;+(+ +,9:8;0+( ,9:8;**0E4 +,9580,4:(*0E4 3;,8:, -04 +, ;4( ,:(6( 909:0359 ( 259 6852,.E3,459 6(8( ,2 685*,95 7;, 22,<(8A ( *()5 2( 53090E4 4:04(@0 6(8( 259 8:09:(9 549:8;0+( 95)8, ,9*53)859 ,9:( 5)8( 8,-2,>054( 95)8, 2( 8,*549:8;**0E4 358(2 ? 2( )G97;,+( +, ;459 <(258,9 4;,<59 8,305 9*,4(8059 +, #,<022( (2 ,158 96,*:A*;25 ( 536(DC( ;4+0*0E4 85+;**054,9 22,<( +,9+, 68535<0,4+5 685?,*:59 *54 2,4.;(1, *54:,3658A4,5
&0,84,9 ? " # &
&0,84,9 ? 5 2(9 +,1(9 #
# &
, (9 $53(9
,#: ( 04:,4*0E4 +, (<0+ 8+04(9 ? ()25 ;?52 ,8( I20(82( *54 (2.5 .(3),885 ? 685<5 *(+58I ;4 ,96,*:A*;25 +0-,8,4:, 7;, /(8A 7;, 2(9 3(+8,9 68,.;4:,4 ( 259 (909:,4:,9 +E4+, /(4 ,9:(+5H 5 9, :8(:( +, ;4 *54 *0,8:5 40 +, ;4 354E25.5 9C +, ;4 I+,9*515 4, *54 ;4(9 *54<,89(*054,9 ,4:8, +59 *52, .(9 ? 2(9 *(4*054,9 3A9 ),9:0(9J 7;, 9, 6;,+(4 ,9*;*/(8 95)8, ;4 ,9*,4(805 ,95 9C *54 80:35 ? 6,.(+0@(9 ( 0+,( +, ,9:59 +59 04:B868,:,9 ,9 +, 8,C89, +, ,2259 309359 +,2 6G)20*5 ? I+, 2( 3(+8, 7;, 459 6(80E ( :5+59I *54 ;4 9/5= -8,9*5 ? +,9,4-(+(+5
0( $,+,9*5 #
,#: %4 3;90*(2 7;, -;9054( 1(@@ ? :,(:85 %4( 3;1,8 1;.(4+5 (2 2C30:, +, 2( 9,49;(20 +(+ ,2 +,9*(85 ? 2( 03(.04(*0E4 %4 <0(1, 658 259 *()(8,:9 +, 3B80*( ? ;856( ( :8( <B9 +, 9; 3G90*( ? +, 2(9 /09:580(9 3A9 +,9 *(),22(+(9 ( (*:80@ *(4:(4:, ? 60(409:( C( $,+,9*5 ,9 8,*545*0+( (*:;(23,4:, *535 ;4( +, 2(9 ,9:8,22(9 +,2 .B4,85 +,2 *()(8,: +, (;:58 ,4 96(D( 4 ,9:( 5*(90E4 2( (*536(D(4 ;(4 ;(**0 (2 60(45 ? 59/;( C(@ (2 *2(804,:, +0:/ 0(- (8+,2 #(8( 54:0,2 ? ,2 80:35 +,2 9=04. (2,.8(8A4 :;9 5C+59
"
$
? $" !% $ "
, 54*/5 588(15 # &
4 ;4( 25*;8( +, <,8959 +, (4:,9 ? +, (/58( 54*/5 588(15 ,9 ? 45 ,9 !;,<,+5 +,6,4+, +,2 353,4:5 ? +, 2( 6,8954( 7;, 2, <090:( 5 2, (:0,4+( ,4 ,2 ,9*,4(805 )0,4 9,( ;4( ,4-,83,8( ;4 3541, 5 ;4( *58:,9(4( :,(:8,8( 2 6G)20*5 65+8A .5@(8 +, 2( ,9*( :525.C( 3A9 7;,<,+0(4( ? +,2 04.,405 +, 2( 03685<09(*0E4 (2 3A9 6;85 ,9:025 +,2 #0.25 +, 85 ,96(D52 2 *545*0+5 /;35809:( (8259 (:8, 6(8:0*06( ,4 ,9:( *53,+0( 6540,4+5 2(9 <5*,9 +, 4;3,85959 6,8954(1,9
01enero 04/01/2015 9:00 PĂĄgina 28
$B)(+6 3C-656
$ '
D( '0,5;6 $<9 % %# ' % $&# $(5 6:C +, (3(:(5A %, $ ' @ (3 ,5 % %# "& % # <5( 5H %,3
, # (97(.F5 /64)9, (=(90*06:6 @ 90*6 ,:;B 79,6*<7(+6 769 *(:(9 ( :<: /016: *65 )<,5( +6;, ,336: 769 ,3 *65;9(906 ,:;B5 ,5(469(+6: +, 7,9:65(: (7(9,5;,4,5;, /<403+,: @ +, 6;96 ,:;(4,5;6 :6*0(3 (+,4B: ,3 90*6 (=(96 :, 4<,=, 769 3( .9(5 4(5:0F5 *,36:6 +, :< (98<033( @ +, :<: )0,5,: 7,5:(5+6 8<, (3.G5 *90(+6 3, 7<,+, 96)(9 65 3( (:;<;( 70*(9+D( +, 96:05( @ +,3 *90(+6 3,*/( 3( (=,5;<9( +,:,4)6*(9B ,5 <5 9,D9 *65;05<6 +, 4(3,5;,5+0+6: @ ,59,+6: /(:;( 8<, ,5 ,3 G3;046 464,5;6 *65 -05 +, -0,:;( 05*3<0+6 :, +,:*<)9, 3( =,9+(+ @ ;6+6: ;,9 405(5 ;(5 *65;,5;6:
#
'
@ % %# "& % # 65 !(A +, 3(9*F5 $ '
( 4(+9<.(+( +,3 +, .6:;6 +, 694( ,(5 (2,9 (903@5 6596, ( 3( ,+(+ +, (E6: (7(9,*, 4<,9;( ,5 :< *(4( ( *(<:( :,.G5 36: 05+0*06: +, <5( :6)9,+6:0: +, )(9)0;G90*6: (903@5 3( 4<1,9 8<, :, *6+,F *65 3(: 4B: (3;(: ,:-,9(: +, 3( 763D;0*( (4(5;, +,3 79,:0+,5;, +, 36: :;(+6: &50+6: @ 76:;,90694,5;, +, :< /,9 4(56 *65 (40.6: ,5 3( (-0( ,5 3( @ ,5 ,3 !(9;0+6 64<50:;( /69( 8<, :< =0+( 3()69(3 0)( /(*0( (990)( I(3.<0,5 :, *9,, 3( =,9:0F5 6-0*0(3
,3 (3 ! #
$ '
%
%#
&"&
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
,3
(3
$
#
$ '
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
01enero 04/01/2015 9:00 Pรกgina 29
& $ ! & "!$N ! + ! " % 01 ! O ( $' 7-> 4 R ! ! % #$" (& % %P $&'$! ' 1 19?=: 90-7@E 01 &1-?=: 4 0:8593: 4 R & ( $ $! &1-?=: 017 9A1=9-01=: &1-?=: 01 7- -.-0J- 4 R & ! 1 @-9 @5> -?577- :;- 4 R
& $ &! ! 1 - ,-=-90- &1-?=: 91>?-.71 90-7@/J- -6- 4 R &$ N ' ! ,' 19?=: =-8H?5/: -/5:9-7 5/:85/L9 4 R :>I 01 H7A1E > 9 &17 BBB 6@9?-01-90-7@/5- 1> /@7?@=- ?1-?=:/19 ?=-7 % ( !
! % ' % 17 & ! %&! 1 - R 4 & ! ! $1-7 !=<@1>?%592L95/- 01 %1A577- 7H>5/- 1 - R 4 ! !$ 1 R 4 ) %& %& $ ( 1 R 4 9 "->1: 01 =5>?L.-7 :7L9 &17 &-<@577-> 1 7@91> - >H .-0: D 0:8593:> D 21>?5A:> /:9 2@9/5L9 01 - D 01 4 BBB ?1-?=:01 7-8-1>?=-9E- 1> % ( ,
& % $ % ( &! 01 @-9 -=7:> $@.5: 4 & $& &$ ( % & 01 @-9 -D:=34 0:8593: 4 $ 4 01 - R ! ! Q 01 :=05 -7/1=H9 7 D - 7-> 4 - 7-> D 4 7 0:8593: - 7-> 4 & *! ! $&+ P + +! 4 01 - R ! ! ,!! $ %& 01 &1991>>11 )5775-8> 4 >H.-0: D 4 :8593: 4 '$ !% N % 7-819/: 4 01 - R ! ! $ !( O ! 01 @3191 ! 1577 4 0:8593: 4 ( !& 4 01 - R $ $ ! #' & & ;7-D> ! $!& 4 01 - R ' $ -EE 4 01 - R "=1/5: ?1-?=: 01 - R 9 A0- -=J@5>- > 9 &17 BBB ?1-?=:7:;1 01A13- :=3 % (
%&$ % R R '
$! %&$! #' & & 4 &-<@577- 0:> 4:=-> -9?1>
&$ %& !% 4 9?=-0-9@17 -=?J9 /:9 45<@1?1?1 , $ + 01 " $ '$ 4 (19?- 01 19?=-0-> 01>01 4:=-> -9?1> R R /:8@950-0 '95A1=>5?-=5G! % ! >?=I9-?1 1=D 173-0: AH9 1=9H901E -=7:> 3@0: :>I -=J- "-=101> 4 R 19?=0- 3191=-7 D R :8@950-0 @95A1=>5?-=5- 01 7- '95A1=>50-0 01 %1A577- D -7@89:> 01 7% %1A577!$#' %& $$! % ( 4 R 19 1 7- 9@9/5-/5L9 !$! "$ &! " ! $ 4 9?=-0- 75.=1 9 371>5- 01 79@9/5-/5L9 18H> 1A19?:> 19 '% -0=1 01 5:> &17 D BBB /5/@> @> 1> % ( 75.=1
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
01enero 04/01/2015 9:00 Pรกgina 30
>1-98-:0 &;0; - 8-? -8-?-:F @1-@>; /;9
"$! ! 9<>;B5?-/5M: @1-@>-8 *&$ H!% O &!% K;9105- 01 1:>10; ( $! K- (51:@; %A> 4 E R : %-: ;?J 01 CCC B51:@;?A> % (
&' $!
%' %&! ! ! 1 %P !) (51>:1? ?I.-0;? - 8-? E 4 E 0;95:3;? - 8-? 4 &,-* (&, 1%@ %;8 & CCC ?-8-/1 >; /;9 % ( .+%)-& &' (&, 21%@ &' %' & %&'$ !% 1 185D ?@-5>1 : -.-:&18J2;:; CCC 2A:05/5;:01?1B588- /;9 % ( "
/ $ +
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
& + "!"Q& ! % * %! % %& %" $!% % !$! B >-: -<5@I: &18 @1@>;/;>0;.- /;9 Q$ !
"
" "
% * ( (G !$! 1?N? E ->K-
" " # % "
/ $ % ( $ %Q / ;85:;?
% -?5:; ? :
Q$ !
%
! G G$ !% &$ % $ ! % %! $ G !( / (& $&'$! ' ' !$ % $
$
&Q
-881
;9105- 01 1:>10; ' &!$ ! !$ ! " % ' &'$ % & "! % (
&
&$! /
# "
/
# " #' % #
+
/
/
& &$! /1>- 018
' +!
$( & % ( ;91:-61 -881@ ( " 8? ;38->? 4 %! Q 4 4 %O &$!"! ( 4 % ' & $, 4 +! ! 4 %&!$ ' ' $! ,!! $ %& 4 & + "!"Q& ! ! & ' !% " 4 $ !( ! % 4 4 ! + $ ( !% !% 4
4
4 4 4 $ P !
%
&1-@>; 1: 4-.5@-/5; <->@5> 01 8-? 4 6A1B1? E 01 8-? B51>:1? ?I.-0; E 0;95:3; R <;> 0;? <51F-? R <;> /A-@>; ; A: -.;:; <->@;0-? <;> R >J05@; % (
:1?
;? 6A3-0;>1? 59<>;B5?->I: 1?/1:-? /;: 8;? @K@A8;? 018 <N.85/; E /;9<1@5>I: - 9A1>@1 <;> 881B->?1 8;? B;@;? =A1 81? 4->I: 3-:-0; >1? 018 <->@50; ?<1/5-8 9<>;0A/@5B;? (? >-:-0- %-8- !..5; 4 5?@1> 59<>; %-8- !..5; 4 %-8- !..5; 4 R 1D5?@1: 01?/A1:@;? % ! ! &>-?@-9->&18 CCC 59 <>;0A/@5B;? /;9 % ( ?@>1:; 4 :@>1 E R & &$! ' &!$ ! $ $ % ' P$ -95:; "18-E ;>>1?: CCC @1-@>;>5.1>-?0183A-0-5>- /;9 O ' P$
" / % 4 & &$!
! ( + '
! (
4
$ + &% !& 4 R " / ! !% ' $' ! 4 % ! % 4 " / % $ $ ! % $ % 4 $Q <; &1-@>; 4 % &P&' ! '% 4 # / ' (! & "$! 9<>;9-0>50 &1-@>; 4 " / $ ,! ( - 8-? 4 % 8-? 4 % "$ !% % $ P ' % 1 ;85J>1 4 " / $ Q 1:@>; >-9I@5/; -/5;:-8 E &>-?<-?-0- ( 4 % 4 :2; /;9<81@- 1: CCC 18135>4;E /;9
01enero 04/01/2015 9:00 Pรกgina 31
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
01enero 04/01/2015 9:00 Pรกgina 32
+2 '2 # # </+84+9 *+ ' . ? 9C('*5 *+ === *+ )53 ! $
#!" ' .
*+ ! '9'0+ *+ &'358'
#"
+ ;4+9 '
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
! *+ # !#J & ;4+9 *+ ' . '8:+9 ' </+84+9 *+ ' . ? *+ ' . !C('*5 *+ ' . 4 C8352+9 "+2 === -'2+8/'8','+258:/@ )53 ! $
M2:/3'9 5(8'9 *+2 6/4:58 ;4+9 *+ . + 3'8:+9 ' </+84+9 *+ ' *+ ' . !C('*59 *+ ' . 4+8'2 '9:'F59 "+2 === 2')'0')./4' 4+: ! $
'
! ? +
BJ )54 " 583'2 9+ *+9'88522' +4 2' '(9:8'))/G4 -+53D:8/)' 540;-' 2'9 ,583'9 3C9 6;8'9 )54 259 )5258+9 ? 2'9 :+>:;'9 ;4 2+4-;'0+ 7;+ 9/8<+ )535 6;+4:+ 6'8' 2' :8'493/9/G4 *+ 259 9+4:/3/+4:59 3C9 /4:+4 959 + 2;4+9 ' </+84+9 *+ ' . ? *+ ' . !C('*59 *+ ' . $+2'8*+ 4 "+2D,545 === '2'8)54 )8/'*5 )53 ! $ #!" " +2')/54+9 *+ 2' '8:/9:' )54 9; 5(8' +2 6'/9'0+ 2' 9+49')/G4 *+ /4,/4/:5 ? 534/68+ 9+4)/' )54 2' '?;*' *+ C*/@ + 2;4+9 ' </+84+9 *+ ' . ? *+ ' . !C('*59 *+ ' . ;@3C4 +2 ;+45 === -'2+8/'.';8/+ )53 ! $
! + "K ! !J & ' ('9'*5 9; )54)+6:5 6/) :G8/)5 6'8:/+4*5 *+2 +>68+9/54/935 '2+3C4 /4:;8' </52+4:' ? 9':E8/)' +4 )54:8' *+ :5*'9 35*'9 ? )588/+4:+9 *+2 353+4:5 4 *+ ;4 G2+5 9;?5 *+ 3+:859 ,;+ +2+-/ *5 )535 658:'*' *+ 2 'E9 52+9 === -'2+8/')'<+ )'4+3 +9 ! $
-8',E' 8+:8':59 + ' </+84+9 *+ ' *+ C*/@ "+2 =2 +; ! $
& " & 5:5 #A % ! '8:+9 . 8'? /+-5 === -'2+8/'
# # L # $ ! ' -'2+8E' ':8/)/' )'2 9+ +9:'(2+)+ +4 '*8/* +4 ? +4 */)/+3 (8+ *+ /4';-;8' 9; 4;+<' 9+*+ +4 +2 )+4:85 *+ !+</22' +*/)'*' '2 8:+ 54:+3658C4+5 +9:C +96+)/'2/@'*' +4 6/4 :;8' ,/-;8':/<' *+ '8:/9:'9 4')/54'2+9 + /4:+8 4')/54'2+9 4;+<59 <'258+9 ? '8:/9:'9 )549' -8'*59 4 "53C9 *+ ('88' === -'2+8/'6':8/)/'')'2 )53 ! $
01enero 04/01/2015 9:00 Pรกgina 33
17 -7 " ' # (# # & ' #&( , !F=8:71> @91> 01 & - 4 'F.-0: 01 4 (17 =5-=-2-17:=?5E /:8 ' *
" '# 01 ) " ')P& , 9 &Q 4 !-=?1> - A51=91> 01 4 D 01 BBB 3-71=5-=-2-17:=?5E /:8 592: 3-71
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
01enero 04/01/2015 9:00 Pรกgina 34
/6 +6 %" * &!% ./ & & N ( $ * 8 $O ? ;?/=+ ./ :+<-/8> +J+8+= ./ 6?8/= + =G,+.9= ./ + 2 &+<./= ./ 6?8/= + @3/<8/= ./ + 2 &/6H0989 AAA 1+6/<3+47 -97 N
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
F!% $ ! %& P !,<+ 1<G03-+ C .3,?49= + =3.9 :<9<<91+.+ 98 1<+,+.9= ;?/ 2+=>+ +29<+ 89 =/ 2+,I+8 :</=/8>+.9 /8 6+ -3? .+. ,+<-+8 :<G->3-+7/8>/ >9.+ 6+ ><+C/>9<3+ ./6 +?>9< ?8/= + @3/<8/= + 2 C ./ + 2 %G,+.9= + 2 +@3/< %+8D 1+6/<3++-+8>9 -97 $O ! & $% Q6 >379 ><+,+49 ./6 +<>3=>+ +67/<3/8=/ ' 'F!* %? ><+,+49 =/ 2+ -+<+->/<3D+.9 =3/7:</ :9< ?8+ -984?1+-3K8 ./ -98-/:>9= C /=>369= ;?/ 2+8 .+.9 -979 </=?6>+.9 ?8+ 9,<+ 7?C :/<=98+6 ?8/= + (3/<8/= 2 C 2 %G,+.9= 2 ./ 6+= &3/8 .+= 8M AAA +7 1+66/<C /= $O
! ( % 97:9=3-398/= -98 =?:/<:9=3 -3K8 ./ =9:9<>/= /= ?8+ 8?/@+ :<9:?/=>+ ./6 :38>9< .98./ 6+ =?:/<03-3/ ./ .9= .37/8 =398/= =/ ><+8=09<7+ :+<+ .+< :+=9 + ?8 8?/@9 -+7389 ./ 38@/=>31+-3K8 ./8><9 ./ =? :38>?<+ $ #' ' $$ @.+ $+7K8 ./ +<<+8D+ &/6 N *
& %& ' B :9=3-3K8 ./ $% ( ! / + 2 C ./ + 2 98./ ./ $9 ,6/.9 &/6 AAA 1+6/<3+-+< 7/8./6-+7:9 -97 P$ ! &! ! % $ "$ % & P ./ !%E $O * "+<>/ ./ 6+= /B:/<37/8>+-398/= </+63D+.+= :9< 6+= @+81?+<.3+= /8 /6 -+7:9 ./ 6+ :9/=I+ :+<+ /8-98><+< :+<+6/63=79= :6G=>3-9= =I 89= /8-98><+79= +8>/ ?8 /=:98>G8/9 4?/19
.98./ /6 -969< 6+ :+6+,<+ C 6+ 09<7+ =/ =?:/<:98/8 :+<+ -</+< ?8 +-/<>+.9 /;?363,<39 <I>73-9 /8></ 6+= 6I8/+= 29<3D98>+6/= C @/<>3 -+6/= /8></ 69 </1?6+< C 69 3<</1?6+< 69 </->9 C 69 ;?/,<+.9 +-?6>+. ./ 369=90I+ C /><+= "6+D+ ./6 +<./8+6 = 8 P$ ! $ (%! % 96/>3@+ ./ +<>3=>+= ./ 6+ 1+6/<I+ /=./ /6 </+ 63=79 + 6+ 7G= :?<+ +,=><+--3K8 / 6?8/= + @3/<8/= ./ + 2 %G,+.9= ./ + 2 :</@3+ -3>+ + 8.+6?D+ &/6 ! &
+=>+ /6 -96/->3@+
$&
?/=><+
" $! $Q = -/8+<39= ./ G6+1+ /D-6+ ./ -969</= C 7+ 8/49 ./ 6+ /=:G>?6+ =? =/J+ ./ 3./8>3.+. 3J9 ?/@+<+ N
96/->3@+ ./ ?/@+ )9<5
' % +@3.+. %9,</
%' F! 9<-+ /8
'% ' :38>? <+ !$& %& ' $ -/<G73 -+ ?8/= + =G,+.9 + 2 ?/@/= + C + 2 $9=+<3-9 + 9+;?I8 &/6 <31363+8+ N %&!$ % $! ! % +<69= 3<+8.+ =/ -?/6+ /8 /=>? .39= C >+66/</= /8 =? 8?/@9 :<9C/->9 :3->K<3 -9 .98./ 2+C ?8 8/B9 -97L8 ;?/ 69= ?8/ -98 ?8 2369 38@3=3,6/ ?/@+ @?/6>+ ./ >?/<-+ + =? </@3=3K8 ./ 6+ :38>?<+ ./ 38>/<39</= %" * &!% / & & N ( $ * +J+8+= ./ 6?8/= + =G ,+.9= ./ + 2 &+<./= ./ 6?8/= + @3/<8/= ./ + 2 ?;?/=+ ./ :+<-/8> &60 AAA 1+6/<3+47 -97 N
01enero 04/01/2015 9:00 Pรกgina 35
-3 )3 % "$ # # & 5 -3 $ !% " % #<*:<-36 ,- -;96763 )9):63 ,- 3) 3)A) ,- 3) 5+)95)+1F5 <5-: @ +-99),6 - 4)9;-: ) :B*),6: ,- ) 0 @ ,- ) 0 6415/6: @ .-:;1=6: ,- ) 0 $-3C.656 ,- 15.694)+1F5 @ 9:-9=) ,- =1:1;): /<1),): # &
3
# +65 3) +63)*69)+1F5 ,- 3) <5,)+1F5 3) )1?) <5,)+165 @ 5 :- 796,<+- -5 #-=133) <5 0-+06 01:;F91+6 8<- +)4*1)9B 7)9) :1-479- -3 +<9:6 ,- -:;) +1<,), ,-991*)9 3) 4<9)33) 3460),- @ :<: 7<-9;): 3=)5;),): -5 -3 :1/36 ' #- ;64) 8<1AB 3) ,-+1:1F5 <9*)5D:;1+) 4B: 14769;)5;- ,:< 01:;691) -5 :1/36: )5;-9169-: @ =-51,-96: -96 ;)4*1C5 .<- <5) ,-+1:1F5 +<3;<9)3 7);914651)3 763D;1+) @ :6+1)3 #-=133) ,-2)9D) ,- ;-5-9 <5 +15;<9F5 7C;9-6 8<- 3- 147-,D) H-5/69,)9I /-6/9B.1+)4-5;- @ :- +64-5A)*) ) ,-99)4)9 :<: 3)9/): )=-51,): 0)+1) 36: *)9916: 7-91.C91+6: 8<- )/<)9,)*)5 ) :<: 7<-9;): #1-;- :1/36: +65 <56: 0B*1;6: @ +6:;<4*9-: 79B+;1+)4-5;- 1,C5;1+6: -5 -3 8<- +<)38<1-9) :)*D) -5:-/<1,) ,65,-:;)*) -3 -,16,D) +F46 :- 1*) ) )9465) 769 ,F5,- :)3D)5 36: 4<-9;6: 6 769 ,F5,- -5;9)*) 3) )95- #1-;- #1/36: @ 51 :18<1-9) 33-=)46: ,6: :15 -:- +15;<9F5 6@ -5 ,D) ;-5-46: 3) :-5:)+1F5 ,- 8<- -3 ;1-476 7):) 4<+06 4B: 9B71,6 @ 36 8<- 0)++<)9-5;) )E6: -9) <5) -;-951,), 06@ :65 :F36 +15+6 415<;6: 6:1*3-4-5;- -5 -:;G3;146 :1/36 @ 4-,16 :- 0)@) )=)5A),6 4<+06 4B: 8<- -5 )8<-336: :1-;- :1/36: 7-96 7)9) 3) 71-,9) -: :F36 ;1-476 @ 3): 7<-9;): :1/<-5 )0D ;-:;1/6 4<,6 ,- -:7):6 ,-3 ;1-476 :;) -?76:1+1F5 +641:)91),) 769 -3 7-916,1:;) <)5 1/<-3 &-/) -)3 -3 .6;F/9).6 5;6516 ,-3 <5+6 @ -3 ,19-+;69 ,- 96@-+;6: ,-3 # 6:C <+): 0)=-:
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
01enero 04/01/2015 9:00 Pรกgina 36
"
/6
+6 !"#E&$ / ?8/= + @3/<8/= ./ + 2 C ./ 2 %G,+.9= C .973819= ./ + 2 383>/<<<?7:3.+7/8>/ R 1<?:9= ./ 7G= R -98 @3=3>+ 1?3+.+ /89</= ./ +J9= $ & % &/6H0989= 8# Q! ! ( Q! % (
9
+
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
9>91<+0I+ M 3 =/B9 73 33./8>3.+. 73 -+>/19<I+ 73 23=>9<3+ H8/<9 ;?/ 2/ </-2+D+.9 9.3+.9 +-/:>+.9 </-2+ D+.9 9.3+.9 +-/:>+.9 </-2+D+.9 N / + 2 6 /=>+<G 6+ +<>3=>+ %# " "$! +66/ %96 AAA +638/: /? % ( ./ "! % &"$$ % !9= 7?/=><+ =? @3=3K8 ./ 6+ -<3=3= + ><+@H= ./ ></= :<9C/->9= 09>91<G03-9= C ?8 @I./9 /8 =>9:79>398 6 9,4/>3@9 /= ./79= ><+< ;?/ 6+ 23=>9<3+ /= -I-63-+ C ;?/ 69 ;?/ 89= /=>G :+=+8.9 C+ 2+ 9-?<<3.9 +8>/<39<7/8>/ / + ( ./ + 2 C ./ + 2 % %& $ +=>/6+< % (
!& % $% % !( ! % %&O! ! &" % # $& % '!"% $ &"% &$ !% ' &'$ % + </6+-3K8 /8></ +<>/ :9:? 6+< C -98>/7:9<G8/9 /8></ +?>K->989 C +6K>989 6+ 9,<+ -979 :<9.?->9 -979 +<>/=+ 8I+ /8 69= >3/7:9= ./ -<3=3= /8 ?<9:+ C -98-</>+7/8>/ /8 8.+6?-I+ ! ! $ * F"% "! % %" $ $ "$ "! % * 98>/8/.9</= +<>/ ./ +--3K8 # % ) ' $ / $ ! "! #</=/8>+ =?= L6>37+= -</+-398/= .?<+8>/ C 9,<+= 38H.3>+= = 6+ 7+C9< /B:9=3-3K8 </+63 D+.+ =9,</ /=>+ :38>9<+ /8 8.+6?-I+ 2+=>+ 6+ 0/-2+ "!%&$' Q! %" # % #38>?<+= /=-?6>?<+= 38=>+6+-398/= C @I./9 + 3./+ ./6 :+3=+4/ ./=./ .30/</8>/= :/<=:/->3@+= $P & $ * ( % +<>/= + =G,+.9= + 2 973819= + 2 (3=3>+= 1<+>?3>+= +<>/= + @3/<8/= ./ + 2 %G,+.9= ./ + 2 8 7H<3-9 (/=:?-39 =6+ ./ 6+ +<>?4+ &/6 AAA -++- /= % (
01enero 04/01/2015 9:00 Pรกgina 37
"
*#"&
7> 3> %b$,!($' ?AD 67 ;AE "K
+-*
B!
!&,*-+'+ ! > DAEFDA K >3 ?PE53D3 7> 3> + $'%M $ %(' .! ,'*! !$ K ( ( *- !' 7 >G@7E 3 H;7D@7E 67 3 : + .!$$
@ ! -+
> ! -+ 7EFD7@3 3TA 5A@ G@3 6A4>7 ?G7EFD3 !&,*-+'+ ! 5A?;E3D;363 BAD >7<3@6DA $GCG7 7E5D;FAD K B7D;A6;EF3 :35;7@6A G@ 7EFG6;A 67> BA7F3 K B;@FAD 5G43@A "'+M (M* 2 '$!. * + 67 >3 8;9GD3 67> 7E5D;FAD 3DF;EF3 A 3DF;EF3 7E5D;FAD BG7E 5A@E;67D3 CG7 E; 4;7@ E7 :3 7E5D;FA ?G5:A EA4D7 >3 ;@8>G7@5;3 67 3?43E 6;E5;B>;@3E BA5A E7 :3 :75:A 67 >3 8;9GD3 67 CG;7@ >A D73>;L3 Y)GR ?AF;H3 3 G@ 7E5D;FAD 3 B;@F3D Y(AD CGR E3>F343@ 67 G@ 53?BA 3 AFDA CGR D7@G@5;3@ A 93@3@ 3> :357D>A @ >3 +3>3 ( E7 3@3>;L3DP@ >3E A4D3E 67 FD7E 3DF;EF3E 67 ;@;5;AE 67 >AE ?G<7 D7E CG7 D78>7<343@ F7@E;A@7E 67 9R@7DA 3 6;87D7@F7 7E53>3 F7@;7@6A 5A?A 67@A?; @36AD 5A?V@ 7> B3DF;D 67 7JB7D;7@5;3E BDAB;3E K 5A@ 7>>A 67 G@3 D78>7J;U@ 3 B3DF;D 67 EG 5A@6;5;U@ 67 ?G<7D A?;E3D;36A BAD %3D .;>>37EB7E3 BA6D7?AE A4E7DH3D 5A?A B3DF;5;B343@ 67 ?7FA6A>A9S3E 5A?G@7E 5A?A >3 GF;>;L35;U@ 67 A4<7FAE 6A?RE F;5AE A 67 ;?P97@7E 67 >AE ?76;AE 67 5A?G@;535;U@ B3D3 BDAHA53D 7JFD3T7L3 K B7D FGD43D @G7EFD3 ?;D363
03 -3 (* %!' !&, *& !'& $ (!&,-* ' -+ & ' +7>755;U@ 67 A4D3E %G7EFD3 7@ G@ >G93D 67EF3536A >3 A4D3 67 aE53D +75A %36D;6 $;FF>7 &7?A ;@ +75A>3@6 93@36AD 67 7EF3 76;5;U@ @FD363 >;4D7 03 -3 ( *' %( N 1 ( ' +7 7JBA@6DP@ 6AE A4D3E 67 3GFAD7E CG7 ;@8>GK7DA@ ?G5:A 7@ >3 A4D3 67 .7>PLCG7L D;EFA 3F36A 3 >3 5A>G? @3 67> 3DF;EF3 8>3?7@5A ( *' %( N K G@3 !@?35G>363 67 ( ' (> 67 >AE .7@7D34>7E 7 :3 :K 67 : 3 : + .!$$
-9:- 03 2 + $-!+ '* ! $$' 'D93@;L36A BAD >3 G@635;U@ 3<3EA> >3 '4D3 +A5;3> $3 3;J3 K 7> (3FDA@3FA 67> *73> >5PL3D -@ FAF3> 67 A4D3E 7@FD7 B;@ FGD3E K 7E5G>FGD3E 3ES 5A?A @G?7DAEAE 4A57FAE 67 EG BDA57EA 5D73F;HA G@ 5A?B>7 FA D7B3EA 3 EG FD3K75FAD;3 67E67 >3 6R5363 67 >AE K :3EF3 EG BDA6G55;U@ ?PE D75;7@ F7 FA63 7>>3 57@FD363 7@ >3 D7BD7E7@F35;U@ 67> 5G7DBA :G?3@A K ?PE 5A@5D7F3?7@F7 4GEFAE K 5347L3E 03 -3 % !' +! $' % & 2 ' -$,-* $ $ '$ !a& -$,-* $ *, $ -& !a& + .!$$ & & + $3 7JBAE;5;U@ ?G7E FD3 BAD BD;?7D3 H7L G@3 3?B>;3 E7>755;U@ 67 B;7L3E B7DF7@75;7@F7E 3 >3 5A>755;U@ 67 A4D3E 67 3DF7 CG7 :3 E;6A 3F7EAD363 BAD >3 G@635;U@ 6GD3@F7 6R5363E ?G5:3E 67 7>>3E BDA5767@F7E 67 >AE (D7?;AE 5A@576; 6AE BAD >3 G@635;U@ 7@ >3 JBAE;5;U@ 67 'FATA 67 >3 *73> 5367?;3 67 7>>3E DF7E 67 +3@F3 !E347> 67 G@9DS3 7EF353@ >3E A4D3E 67 3GFAD7E 5A?A :;>>;63 7D@3@6A 2U47> $G;E AD6;>>A "AER G7DD7DA (3F;A 67 3@67D3E E @ ,7> III 3>53L3DE7H;>>3 AD9 + .!$$
01enero 04/01/2015 9:00 Pรกgina 38
!
&
! %"
7>
3> % *` , * 2 $. + $ $ * @ &,*' & $-2 *, '&, %('*_& 67 >3 3DFG<3 %3DF7E 3 EP436AE 3 : A?;@9AE 3 H;7D@7E 67 3 : +P436AE 67 3 : III 5335 7E BD7@E3 5335 <G@F3673@63>G5;3 7E + .!$$
' %!&' 0! ' ' ?RD;5A .7EBG5;A !E>3 : .;E;F3E 9D3FG;F3E %3DF7E 3 ,7>
3DS3 ,:7D7L3 >H7E +3A (3G>A 7E G@3 3DF;EF3 4D3E;>7T3 CG7 35FG3>?7@ F7 D7E;67 7@ 7D>S@ DF;EF3 7 ;@H7EF;936AD3 :3 D3EFD736A >AE 7@8D7@F3?;7@FAE K >G5:3E EA5;3>7E CG7 A5GDD;7DA@ 7@ B3SE7E EG63?7D;53@AE > .3>>7 67 0;5A 7@ 7> EF36A 67 %RJ;5A :3 E;6A BAD EG G4;535;U@ 97A9DP8;53 K EGE BDA6G5FAE ?GK 5A6;5;36A 67E67 RBA53E B3E363E E;7@6A E;F;A 7EFD3FR9;5A B3D3 7> B3EA 67 3LF753E FA>F753E JA5:;?;>53E A F7J5A53@AE B7DA 5A@ >3 >>79363 67 >AE 7EB3TA>7E >3 D79;U@ CG76U D76G5;63 3 G@ 67E;7DFA ?3D9;@36A %3DS3 ,:7D7L3 7@ EG 38P@ 67 5A@E;67D3D 7> 3DF7 5A?A G@ ?76;A 67 5A@A5;?;7@FA >>793 3 +7H;>>3 5A@ >3 7JBAE;5;U@ $ $ * ' %!&' 0! ' CG7 BA6D7?AE 6;E8DGF3D 7@ 7> 7@FDA @63>GL 67 DF7 A@F7?BADP@7A :3EF3 67 ?3KA @ >3 ;?397@ G@3 8AFA9D38S3 67 AFD3 7JBAE;5;U@ 67 >3 3GFAD3 > >39A 67> .3>>7 67 0;5A CG7 3B3D75;U K HA>H;U 3 3B3D757D 7@ 7> E;9>A 00!
03 -3 -&!.!, $!&'+ 7 ( -$ * * (3DF7 67 >3 7JB7D;7@5;3 B7DEA@3> 67 (3G>3 5A?A 97?7>3 $3 ;673 7E 5D73D 3> 7EB75F36AD 5;7DF3E BD79G@F3E K :357D GEA 67 7E3E 6;87D7@5;3E K DA>7E CG7 BA67?AE 3BD75;3D 3 FD3HRE 67 7EFAE D7FD3FAE K CG7 DA?B7@ >3 ;673 67 CG7 >AE E7D7E :G?3 @AE EA?AE V@;53?7@F7 97@RF;53 ! -+ $A@3E 67> (3F;A 03 -3 $ * (- &, AFA9D38S3E 6A@67 7> 7EB75F36AD :357 G@ 7<7D5;5;A 67 ;@F7DBD7F35;U@ (DAK75FA 93@36AD 67> !! A@5GDEA 67 ;673E B3D3 7JBAE;5;U@ 67 >A@3E 67 7JF7D;AD 7@ 7> 76;8;5;A ! -+ ! -+ 03 -3 !&,*-+'+ ! > DAEFDA K >3 5P?3D3 7 "AER (RD7L '>;H3D7E BA7F3 K B;@FAD 5G43@A (DAK75FA E7>755;A@36A 7@ >3 A@HA53FAD;3 67 (DAK75FAE JBAE;F;HAE 67> ! -+ A?;E3D;363 BAD >7<3@6DA $GCG7 03 -3 %b$,!($' + $'%M $ %(' .! ,'*! !$ ( ( *- !' 7 3 :AD3E %36D7 67 ;AE ,7> III 5;5GE GE 7E + .!$$ % % "& & ( '(% & !'% &'"% + '" > %GE7A 67 P6;L H;3<3 7@ 7EF3 A53E;U@ 3> %GE7A DCG7A>U9;5A 67 +7H;>>3 5A@ G@3 F7DD35AF3 87@;5;3 ;@F7DBD7F363 5A?A 'E;D;E A 33> (3D3 EG 7J:;4;5;U@ E7 5A@F3DP 5A@ G@3 B;7L3 67> BDAB;A ?GE7A E7H;>>3@A >3 >>3?363 %PE53D3 67 ,:3DE;E 7 ?3DF7E EP436A 67 3 : A?;@9AE 67 3 : $G@7E 57DD36A 8ADA >;?;F36A %-+ ' *)- '$a ! ' (>3L3 67 ?RD;53 E @ ,7> III ?GE7AE673@63>G5;3 7E + .!$$ &
&' JBAE;5;U@ 67 B;@FGD3 67 $- ` -).;3<7 BAD >AE BG74>AE ?7J;53@AE 67 )G;@F3@3 *AA %-+ ' '+-& +7H;>>3 '+-&
-9:AFA9D38S3E 67 ( *b % *,`& % ! +,*' (*! ,' 03 -3 !-&! ;7@3> -@;H7DE;F3D;3 @63>GL3 67 D735;U@ (>PEF;53 A@F7?BADP@73 03 -3 $ %-& ' & -& $! # *75D73D 3>9G@AE 67 >AE BD;@5;B3>7E ?A?7@FAE 67 >3 :G?3@;636 *A?3 D75;3 K 9;BFA :3EF3 @G7EFDAE 6S3E H 67 %3DS3 $G;E3 E @ + .!$$ &" % " "% A?;E3D;363 BAD * % & *%'& '4D3E 67 *& & ' **!'&- .' ( ( ** & "'+ - ** *' % &- $ + $!& + K * & & ' N'+ $3 ;?BADF3@5;3 67> 5A>AD 7@ >3 :;EFAD;3 67> 3DF7 -& !a& -$,* & $-2 +3>?76;@3 + .!$$ #"% "% %' '4D3E 67 G;>>7D?A (RD7L .;>>3>F3 > >7936A 67 G;>>7D?A (RD7L .;>>3>F3 7@ >3 5A>755;U@ 67> 7 >G@7E 3 H;7D@7E 67 3 : K 67 3 : 7DD36A >G@7E BAD >3 F3D67 +P436A 6A?;@ 9A K 87EF;HAE 67 3 : K 67 3 : %-+ ' $ $_ `* (3DCG7 7@FDA $ $_ `* #% (& % ( &' G;EF7 7> BD;?7DA 7@ DA673D?7 $3 ?G7EFD3 D75D73 3 FD3HRE 67 B;7L3E >AE BD7B3D3F;HAE K >3E 5;D 5G@EF3@5;3E 67 >3 BD;?7D3 HG7>F3 3> ?G@6A 67 "G3@ +743EF;P@ >53@A 'D93@;L363 BAD >3 G@635;U@ &3A .;5FAD;3 K 7> D5:;HA 67 !@6;3E *75A@EFDGK7 3 B3DF;D 67 6A5G?7@FAE 7> H;3<7 CG7 7?BD7@6;U >3 >>3?363 D?363 67 >3 EB75;7DS3 K CG7 7@FD7 AFDAE :3>>3L9AE 67E5G4D;U 7> EFD75:A 67 %393>>3@7E 7 >G@7E 3 EP436A 67 3 : K >AE 6A?;@9AE 67 3 : * !.' !& ! + H7@;63 67 >3 A@EF;FG5;U@ E @ + .!$$
B
01enero 04/01/2015 9:00 Pรกgina 39
# %&"! & ! !"& ! " %" !"& A@ ?AF;HA 67> 4;?;>7@3D;A 67 >3 ?G7DF7 67> ?B7D36AD G9GEFA 7> %GE7A 67 >?7DS3 BD7E7@F3 G@ 3?B>;A BDA9D3?3 67 >3E 35F;H;6367E 7@ FAD@A 3> F7?3 67 >3 ?G<7D 67E67 >3 *A?3 3G9VE %-+ ' F73 3> F;7?BA BD7E7@F7 _$% *` (> 3D>AE 3@A E @ $% *`
"&<
#% & ! " -@A 67 >AE 3DF;EF3E 7EB3TA>7E ?3E 67EF3536AE 67 >3 5ADD;7@F7 7JBD7E;A@;EF3 34EFD35FA 7 ?3DF7E 3 EP43 3 K 67 3 : 6A K 87EF;HAE 67 A?;@9AE 67 3 : 7DD36A >G@7E K 6A?;@9AE BAD >3 F3D67 K 67 7@7DA D3FG;FA &,*' "'+M - ** *' K ( $ !' *$'+ . '8;5;AE <G@FA 3 >3 3B;>>3 *73> K 7> (3>35;A 67 3D>AE . 7@ 7> A@<G@FA %A@G?7@F3> 67 >3 >:3?4D3 K 7> 7@7D3>;87 !@8AD?35;U@ * &
$$
3 >3
67E
03
-3 '+ $ !+,'*! $ ',' * ` & $ '$ !a& * $ ' ,'* *'& *' 03 -3 & $- ` ('* !$ & /'$ E G@3 E7D;7 D73>;L363 5A@ 5P?3D3 7EF7@AB7;53 6A@67 E7 D7V@7@ ;?P97@7E 67 >G93D7E K B7DEA@3<7E E;@9G>3D7E 67 >3E A5:A BDAH;@5;3E 3@63>GL3E (;@FAD ;3L %A>;@3 III 57@FDA3@63 >GL67>38AFA9D38;3 7E $% *` !( )"& "! "& " B! 7 7@FD7 >3E A4D3E CG7 E7 BA6DP@ H7D ( 7@ >3 7JBAE;5;U@ EA@ 67EF3534>7E 6AE 8AFA 9D38S3E 67> BD7?;A @35;A@3> 67 8AFA9D38S3 3D>AE (RD7L +;CG;7D 7 3 : ',' $ *` H7@;63 G7DL3E D?363E $% *`
< )" % 7 3H;6 3F3 3?BGE P6;L AFA9D38S3 $G@7E 3 H;7D@7E 67 3 : ! ! !' '&+,!,- !a& _ !2 C" $3 6G3>;636 7@ 7> 3DF7 5A@F7?BADP @7A @FD363 >;4D7 :3EF3 5A?B>7F3D 38ADA ' +( !' * !'& '&, %('*_& (3E7A 3D>AE !!! III 755A536;L 4>A9EBAF 5A? 7E _ !2 & % ! & '"%"& & ! & @;?3>7E D73>7E 7 ;?39;@3D;AE 7@ 7> ?G@6A 3@F;9GA ?76;3@F7 G@3 5A>755;U@ 67 B3@7>7E 5A@ ;?P97@7E K F7JFAE D787D;6AE 3 >AE 3@F;9GAE 7FDGE5AE 9D;79AE K DA?3@AE 7 ?3DF7E 3 H;7D@7E 67 3 :AD3E K 67 3 : K >AE EP436AE K 6A?;@9AE EU>A BAD >3 ?3T3@3 %-+ ' *)- '$a ! ' %-&! !( $ " * 2 " * 2
(! " ! ! '(% b>F;?3E @AH763 67E 67 6AE 3DF;EF3E >A53>7E ?;>;3@A %GTAL 7EB75;3>;L36A 7@ ?3CG7F3E 67 43D5AE K ;A@;E;A 7D@P@67L 7@ ?3CG7F3E 67 7D?;F3E 7 ;9>7E;3E %-+ ' $ ( +,'* (36D7 3D?7>A .!$$ * $,' &' ( " 67 % &- $ "-* ' A@ G@3 BD;?7D3 67 7EF;>A 8;9GD3F;HA 67E 3DDA>>3 7@ EGE 3TAE ;@;5;3>7E G@3 A4D3 3 5343>>A 7@FD7 >3 ;>GEFD35;U@ K >3 B;@FGD3 5A@ 9D3@ ;@8>G7@5;3 67> 6;E7TA 9DP8;5A +( !' !&! ! *, a* ' 3B;FG>3D7E ! % %A"& 7 3 : 7@ + $ !* + D9G;TP@ ,7> III 3;D7E675AD6A43 5A? a* '
( %% %"
!'%" &# %G<7D7E FD3@E7JG3>7E BD;H36A ( $ !' ! + $ _,! ' *
" 7 .3>>7 3>7D3 BAE3@ 7@ EG 7EB35;A $'+ '& + (>3L3 67 >AE ;DA@7E &
)" ! " % & ! ) (3D3 57>74D3D >AE 5;7@ 3TAE 67 7ECGS 7@ +;7DD3 7 ?3DF7E 3 H;7D@7E 67 3 : +P436AE 6A?;@9AE K 87EF;HAE 67 3 K 67 3 : $G@7E 57DD36A &,*' 0('+! !'& + " * & (- *, * $ 57D3 67> 3E;@A III ?7?AD;3 673@63>G5;3 7E * &
' #" *# % !' " '4D3E 67 *'% *' $ *'+ "G3@ *A?7DA 67 >3 *AE3 ;@A<AE G7>H3 +7 ?G7EFD3 G@ D75ADD;6A BAD >3E 5G3FDA 6R53 63E 67 EG FD343<A @ R> BA67?AE 3BD75;3D >3 7HA>G5;U@ 67 EG A4D3 67E67 7> D73>;E?A 67 EG BD;?7D3 7F3B3 :3EF3 >3 34EFD355;U@ 67 EG V>F;?A FD343<A %3DF7E 67 3 : 7 ?;RD5A>7E 3 EP436AE 67 3 : A?;@9AE 67 3 : %-+ ' - $. >3?763 +G@6:7;? ,7>
03 -3 % &- $ _& $ + '*,!2 *75G7D6A 67> 3@;H7DE3D;A 67> 6<:*-* 83>>75;?;7@FA 67> B;@FAD H3@9G3D6;EF3 4 03 -3 **! ' % *,`& 2 '4D3E D75;7@F7E 03 -3 * !&, *(* , %'+ $ !+,'*! > 3BADF7 67 >3E ?G<7D7E 3 >3 ?;E?3 A@ 7> >7@9G3<7 67 >3E 3DF7E B>PEF; 53E %3DF7E 67 3 : %;7D5A>7E 3 EP436A 67 3 : A?;@9AE K 7EF;HAE 67 3 : %-+ ' " M& (3E7A 67 >3 EF35;U@ ,7> III ?GE7AE673@63>G5;3 7E " M& ! & ! %"& + ! % & (3@7>7E 9DP8;5AE 7JB>;53F;HAE 5A@ 5A@F7@;6AE EA4D7 7> >34AD7A 67 >3E ?;@3E B>3@AE 6A5G?7@ FAE B3DF7E 67 355;67@F7E D79;EFDAE 5DACG;E 67 ?3CG;@3D;3 7F5 :7DD3?;7@F3E K AFDAE A4<7FAE GF;>;L36AE 7@ 7> FD343<A 6;3D;A 3ES 5A?A G@3 5A>755;U@ 67 ?;@7D3>7E 7 3 K 67 3 : %-+ ' *)- '$a ! ' $ *'$!& (>3L3 !9>7E;3 E @ $ *'$!&
<
.
01enero 04/01/2015 9:00 Pรกgina 40
!
@
7E67 7> * %$ $$ @ &,*' *, '&, %('*_& ' >7?3@;3 E @ III 535?3>393 AD9 $G@7E 57DD36A %3DF7E 3 A?;@9A 67 : 3 : ,7>R8A@A 535?3>393 535?3>393 7G %_$
EA 67 5A>AD7E ;@F7@EAE B;@57>363E 3FD7H;63E 5A?BAE;5;A@7E 34;7DF3E E7@EG3 >;636 K 39;F35;U@ 4D3:3? $353>>7 @357 7@ >?7DS3 7@ 3 7EF36A BD7 E7@F7 67E67 >AE 3TAE F3@FA 7@ 7JBAE;5;A@7E 5A>75F;H3E 5A?A ;@6;H;6G3>7E 7@ +7H;>>3 >7 :7?AE BA6;6A H7D 7@ $3 3<3 :;@3 %75P@;53 3>7DS3 67 3DF7 A 7> ! -+ @ EGE F7>3E :3K D787D7@5;3E 3 9D3@67E ?37EFDAE 5A?A G5:3?B (;53EEA %A@6D;3@ A (:;>;B GEFA@ H3>;7@6AE7 67 G@3 7EB75;3> EG4<7F;H;636 EA4D7 FA6A 7@ 7> FD3F3?;7@FA 67> 5A>AD EG H7L :3K 67 8AD?3 ;DU@;53 K E3D5PEF;53 5A@EF3@F7E D787 D7@5;3E 3 >AE 9D3@67E ?AH;?;7@FAE 3DFSEF;5AE K >;F7D3D;AE 67> E;9>A 00 K G@3 P5;63 5DS F;53 EA5;3> > B;@FAD >>7H3 7JBA@;7@6A 7@ * ' 3 FD3HRE 67 6;EF;@F3E 93>7DS3E 67E67 K 5A>34AD3 67E67 :357 3TAE 5A@ >3 3>7DS3 %3>4ADAG9: 67 %36D;6 $3 7JBAE;5;U@ 6;E7T363 7EB75;3>?7@F7 B3D3 7EF7 7EB35;A 7EF3DP H;97@F7 67E67 ?76;36AE 67 ?7E
03 -3 *7FDAEB75F;H3 67 *' *, '!+& 03 -3 *'% + 0 ,' (-&# %G7EFD3 EA4D7 7> BG@= 5A?A ?AH;?;7@FA ?GE;53> K EA5;3> -9:- 03 -& N' ','( *!' !+%' %P>393 03 -3 N'+ % $ FD3HRE 67 EG 5D736AD )G;@A 7 >G@7E 3 EP436A 67 3 :AD3E K 6A?;@ 9AE 67 3 :AD3E H7@;63 67 >AE G;@6AE >3F7D?;53?3>393 5A? %_$ "% % ! " > 9D;FA 67 _8D;53 7 3 K 67 3 : %-+ -% "'* * & ' DGL 67> %A>;@;>>A %_$ & & %(& =" "& ) & "! & " %! &' & GD9G7E7E 4A:7?;AE B;@ FAD7E 67 RJ;FA 7@ EB3T3 K GDAB3 K BD;@5;B3 >7E D7BD7E7@F3@F7E 67> ?A67D@;E?A 53F3>P@ *3?U@ 3E3E K +3@F;39A *GE;TA> EA@ 6AE 67 >AE 9D3@67E 3DF;EF3E 7EB3TA>7E 67 8;@3>7E 67> E;9>A 0!0 D7@AH36AD7E 67> B3@AD3?3 B;5FUD; 5A 7 ;@FDA6G5FAD7E 67 >3 ?A67D@;636 CG7 5A@ 6G5;DS3 3 >3 H3@9G3D6;3 7@ 7> 00 7 ?3DF7E 3 6A?;@9A 67 3 : $G@7E 57DD36A 7J57BFA 87EF;HAE %-+ ' *% & , 1++ & @ (> 3D?7@ ,:KEE7@ A?B3TS3 ,7>R8A@A III 53D?7@F:KEE7@?3>393 AD9 %_$ %( , & " %( , # &&" %!$$' & + ( $'% + ;4G<AE K B;@FGD3E 67 "AER *G;L >3E5A K EG :;<A (34>A *G;L (;53EEA 7 3 : ;@5>GK7@6A 87EF;HAE 7DD36A 67 7@7DA K FA6AE >AE ?3DF7E -& !a& (! ++' %-+ ' + & , $ (>3L3 67 >3 %7D576 %_$
03 -3 % -*!2!' ,, $ & (36V3 !F3>;3 +7>755;U@ 67 B;7L3E 67 3DF7 5A@57BFG3> 03 -3 +,!& " +b+ 67 *!+,! & " &#'+/#! AF;@93 >7?3@;3 .;67ABDAK755;U@ 67 ?;@GFAE 03 -3 % &- $ $ a& .;>>3@G7H3 67> D;E53> +7H;>>3 -& %-& ' +!& $-2 35G3D7>7E K >;7@LAE ;9GD3E K FD3LAE 43DDA5AE 67 >3 +7?3@3 +3@F3 +7H;>>3@3 03 -3 *! & &! :7@;7 5D75;U 43<A 7> DR9;?7@ 67 73GE7E5G >A CG7 >7 :;LA ;@F7D7E3DE7 7EB7 5;3>?7@F7 7@ 7> 7EFG6;A 67> H35SA 7J;EF7@F7 7@FD7 7> :75:A K 7> D75G7D6A EG4<7F;HA K 7JB>AD3D>A 3 FD3HRE 67 EG FD343<A 5D73F;HA ) * % $ $$ >?7DS3 DF;EF3 GD43@A CG7 3 B3DF;D 67 >3 8;9G D35;U@ 5D73 G@ ?G@6A 67 D73>;6367E EGB7D BG7EF3E 7 3 : >7?3@;3 E @ ,7> %_$ -9:- 03 (! ++' ,. 03 -3 %'.!%! &,'+ 1 + - & ! + '4D3E 7@FD7 K %3DF7E 3 <G7H7E K 6A?;@9AE 67 3 : .;7D@7E K EP436AE 67 3 : +3@ 9GEFS@ ,7> %_$ " & "% !' +7>755;U@ CG7 D3EFD73 >3 ;@8>G7@5;3 67 >3 5G>FGD3 27@ 7@ >3 9DP8;53 7EB3TA>3 5A@F7?BADP@73 3 FD3HRE 67 A4D3E 67 "A3@ %;DU @FA@S ,QB;7E @FA@; >3HR 7@FD7 AFDAE U?A 7> 27@ ;@8>GK7 7@ @G7EFD3 5A@F7?BAD3@7;636 %GE7A 67> D3436A EB3TA> A@F7?BADP@7A AEB;F3> 3L3@ E@ % * $$
01enero 04/01/2015 9:00 Pรกgina 41
@
;FF
E
E
7>
01enero 04/01/2015 9:00 Pรกgina 42
"!
!
7> 3> * +'$- !a& -& !a& ,* + -$,-* + $ % !, (>3@5= !E>3 67 >3 3DFG<3 ,7> AD3D;AE K 6S3E 67 H;E;F3 B3D3 >3 7JBAE;5;U@ : +P436AE 6A?;@9AE K 87EF;HAE 57DD36A + .!$$
%-" * + ( 2 1 + -*! @ **_& ' @ 7> (347>>U@ 3EE3@ !! 53>>7 %3J III FD7E5G>FGD3E AD9 ;@8A FD7E5G>FGD3E AD9 7 >G@7E 3 "G7H7E 67 3 : .;7D@7E 67 3 @FD363 >;4D7 K 9D3FG;F3 :3EF3 5A?B>7F3D 7> 38ADA
>7<3@6DA .;5A 7E >;57@5;36A 7@ 7>>3E DF7E BAD >3 -@;H7DE;636 67 D3@363 6A@67 D7E;67 K FD343<3 35FG3>?7@F7 34;7@6A D75;4;6A 7> (D;?7D (D7?;A 67> A@5GDEA &35;A@3> 67> %;@;EF7D;A 67 787@E3 7@ EG FD343<A 7EFP 5>3DA +7@E;4;>;L3D 3> BV4>;5A EA4D7 >3 E;FG35;U@ CG7 EG8D7@ >3E ?G<7D7E 7@ >3E LA@3E 67 5A@8>;5FA K BAEF5A@8>;5FA 3D?36A D7;H;@6;53@6A 7> B3B7> 67 REF3E 5A?A BDAF39A@;E F3E 7@ >3E 355;A@7E 7@53?;@363E 3 >3 5A@E75G5;U@ 67 >3 B3L > 3DF;EF3 ;@@AH3 GE3@6A >3 BU>HAD3 5A?A ?3F7D;3> 3DFSEF;5A +79V@ EGE B3>34D3E 4GE53 >3 5D735;U@ 3 B3DF;D 67 7>7?7@FAE CG7 53GE3@ 67EFDG55;U@ K ?G7DF7 67?PE 67 >3E A5:A A4D3E 67 9D3@ 8AD?3FA CG7 BA6D7?AE H7D :34DP ;@8AD?35;U@ EA4D7 >3 *7EA>G5;U@ 3BDA4363 BAD 7> A@E7<A 67 +79GD;636 67 >3E &35;A@7E -@;63E 6A@67 E7 BDABA@7 ;@5ADBAD3D 3 >AE BDAK75FAE 5G7EF;A@7E D7>35;A@363E 5A@ >3E ?G<7D7E >3 B3L K >3 E79GD;636
! %' ! + &" $3 -@;H7DE;636 67 +7H;>>3 :3 5A?7@L36A >3 D7EF3GD35;U@ 67 >3E 5A>755;A@7E 67 H35;36A 7@ K7EA CG7 E7 7@5G7@FD3@ G4;5363E 7@ 7> 76;8;5;A 67 >3 3@F; 9G3 *73> P4D;53 67 ,3435AE B3D3 7JBA@7D >3E B7D?3@7@F7?7@F7 3 B3DF;D 67> BD;?7D FD; ?7EFD7 67> $3 -@;H7DE;636 67 +7H;>>3 BAE77 G@ 5A@<G@FA ?GK ;?BADF3@F7 67 B;7 L3E G4;5363E 7EB75;3>?7@F7 >3E 35G>F367E 67 ;>A>A9S3 67 7A9D38S3 7 ;EFAD;3 K 67 7>>3E DF7E > A4<7F;HA 67 7EF3 7JBAE;5;U@ BD7H;EF3 B3D3 7E BD7E7@F3D 3> BV4>;5A >AE D7EG>F36AE ;@;5;3>7E 67> BDA9D3?3 67 ;@H7EF;935;U@ EA4D7 >AE H35;36AE 67 >3 -+ 3 >3 H7L CG7 >AE D7EG>F36AE 67> 7EFG6;A EA4D7 7> GEA K 8G@5;U@ 67 >3E 5A>755;A@7E 67 K7EAE 7@ +7H;>>3 3 >A >3D9A 67 >3 :;EFAD;3 D75;7@F7 K D7H3>AD;L3D 3ES >3 5A>755;U@ G@;H7DE;F3D;3 &,! - _ *! , '+ +3@ 7D@3@6A + .!$$
" "!&' %& A>75F;HA 67 3DF;EF3E 47>93E 5A@ E767 7@ DGE7>3E +GE 6;4G<AE EA4D7 B3B7> ?GDA A ?367D3 <G793@ 3 ?7@G6A 5A@ >3E F7@E;A@7E 67> 7CG;>;4D;A 8SE; 5A ?AD3> A ?AD8A>U9;5A >3 ABAE;5;U@ A 6;5A FA?S3 67 >3E 8G7DL3E A >AE 5A@57BFAE F3>7E 5A?A >3 :A@7EF;636 >3 3B3D;7@5;3 >3 H35G; 636 7> E7@F;6A 7> ABF;?;E?A A >3 67E3875 5;U@ "RDA?7 %7K@7@ D3@5A;E ;7>F;7@E K @FA;@7 7F3;>>7 $G@7E 3 +P436AE 67 3 K 3 : @ $!% ' $$ *1 (RD7L 3>6UE @ F>8 III 67>;?4A 5A? + .!$$
' "%A " "% 7 B;@FGD3 .;5FAD;3 %7>7DA +G F7?PF;53 7E 3?B>;3 5A?A >A EA@ EGE FR5@;53E U>7A 35DS>;5A 35G3D7>3 F;@F3 FR5@;53 ?;JF3 K AFD3E 7 3 : ?;RD 5A>7E 67 3 : , ,*' %-&! ! ( $ % *` "'+M " * %!$$' * %`* 2 ,7@;7@F7 >53>67 "AER 3DD;6A III ?7>7DABD363E 5A? $. +
A>75F;H3 67 B;@FGD3 BAD % *` ** * 1 '&2 $' & *! $3 6G3>;636 67> :A?4D7 4;7DFA FA6AE >AE 6S3E 67E67 >3E : , *& _&!% %;9G7> ;6 + .!$$
' "% "& & /3>6A E5D;HP 6;E7T3 6AD 7 ;@F7D;AD;EF3 ;@F7D@35;A@3> (3D3 5A@A57D ?PE 3> 3DF;EF3 BA6R;E H;E;F3D EG BP9;@3 I74 III I3>6A7E5D;H3 5A? * +, -* &, . *AE3D;A .793 + .!$$
)A& % A&' G36DAE 67 B7CG7TA 8AD?3FA 67 FR5@;53 ?;JF3 $ '% * $ %3F3 + .!$$
01enero 04/01/2015 9:00 Pรกgina 43
03 -3 $ !& & ! E5G>FGD3E B;@FGD3E K 6;4G<AE 67 >3 ;@83@5;3 H;EF3 BAD >AE A<AE 67 E;7F7 3DF;EF3E 'D93@;L3 @FD7 3DF;EF3E 03 -3 + ' ' 1 +-%! 3>;9D38S3 K B;@FGD3 AD;7@F3> A>75F;H3 @;H7DE3D;A 67 >3 EA5;35;U@ /3=7; 03 -3 '$'* + $ % !, **_& ' (;@FGD3 7@ E763 7 %3DS3 67> 3D?7@ *3?U@ %7E36A 03 -3 ',' * ` + + ,* , + 7 _@97>3 A@FD7D3E 7 >G@7E 3 H;7D@7E 67 3 : K 67 3 : +P436AE 67 3 : >3?763 67 RD5G>7E + .!$$ -9:- 03 %-" * + &- + ,* .! 7 &REFAD %GTAL ";?R@7L (;@FGD3 K 7E5G>FGD3 +A@ D7FD3FAE 67 ?G<7D7E :75:AE 7@ U>7A EA4D7 >;7@LA K F34>3 K >3 7E5G>FGD3 7E G@ 4GEFA 67 3>343EFDA K ?7F3>
03 -3 & - *(' 1 $% 7 *`+ +! $ 7E@G6AE 3DFSEF;5AE >3 B;7> K 7> 5G7DBA 7@ 7EF36A BGDA 7> 3>?3 7JBG7E F3 D78>7<3@6A >3 >GL CG7 3 H757E B3D757 63@ L3D EA4D7 7> 5G7DBA 7JB>AD3@6A >3 87?;@; 636 7> ?G@6A A@SD;5A K 7> ?;EF7D;A 357@FG3 6A BAD >3 3GE7@5;3 67 DAEFDA G@ 3@A@;?3FA ;@F7@5;A@36A CG7 BD7F7@67 BA@7D 8A5A 7@ >3 7JBD7E;U@ 67> 5G7DBA 3<7>7E III >3E76767 5A? + .!$$ ) $
! " # % A&" -(' %-* $ *,!+, % *` '*, &% * ' & $ (*'1 ,' , $ 1 1 & $ !!! +,!. $ %!* + %-" * + @FD363 9D3FG;F3 -&!. *+! ( $' '$ .! FD3 67 -FD7D3 =? ,7> + .!$$ *#"& B! > 57@FDA 67 ;@F7DBD7F35;U@ 67 >3 <G67DS3 7JBA@7 5G36DAE 9D3436AE 6A5G ?7@FAE AD;9;@3>7E 67 >3 !@CG;E;5;U@ A4<7FAE 3@F;9GAE D7>35;A@36AE 5A@ >3 5G>FGD3 E783D6S >;4DAE K >3 A4D3 67 3DF7 $ 0(-$+!a& $'+ "- `'+ + .!$$ 67 "A3CGS@ ,GD;@3 K D73> (DA434>7?7@F7 7> V@;5A 5G3 6DA CG7 D78>7<3 >3 7JBG>E;U@ 67 @G7EFDAE 3@F7B3E36AE <G6SAE @ + $ % %'*! &,*' -$,-* $ $ % & ' G@3 AD3D;A 67 3 : 7@ 7EB3TA> ;@9>RE K 8D3@5RE III 53E367>3?7?AD;3 7E + .!$$
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a& %-" * + ( 2 1 + -*! 7 $ " & *' .! ' (7DE;9G7 >3 E7@E;4;>;L35;U@ 67> BV4>;5A EA4D7 >3 E;FG35;U@ CG7 EG8D7@ >3E ?G<7D7E 7@ >3E LA@3E 67 5A@8>;5FA K BAEF5A@8>;5FA 3D?36A 03 -3 $ & $-+ (DAF39A@;EF3E 67 @G7EFD3 :;EFAD;3 JBAE;5;U@ 67 "'+M % &- $ .! - * + *'$ _& -@3 E7D;7 67 ;>GEFD35;A@7E 5A@ >3 FR5@;53 67 >3 35G3D7>3 K CG7 BD7F7@67@ D7@ 6;D :A?7@3<7 3 3>9G@3E 67 >3E ?PE 67EF353 63E 8;9GD3E D7BD7E7@F3F;H3E 67> D7@35;?;7@FA :G?3@;EF3 CG7 EGBGEA 3> _@63>GE 7 >G@7E 3 "G7H7E 67 3 :AD3E .;7D@7E 67 3 :AD3E +P436AE 6A?;@9AE K 87E F;HAE 57DD36A %3J (>3@5= !E>3 67 $3 3DFG<3 ,7> + .!$$ %' &"& %" & ) JBAE;5;U@ 5A>75F;H3 EA>;63D;3 '4D3E 67 57DP?;53 U>7A 8AFA9D38S3 35DS>;5A 35G3D7 >3E K ?;JF3E DF7+'+>;63D;A 7E G@3 3EA5;3 5;U@ ;?BG>E363 BAD BDA87E;A@3>7E 67> ?G@6A 67> 3DF7 >3 5G>FGD3 K >3 5;7@5;3 M % 1' ?AD 67 ;AE + .!$$ (! "% ,B! $( !" " JBAE;5;U@ 67 (7B7BRD7L !@3G9GD35;U@ 3 >3E : @FD363 >;4D7 7@ + $ $ '**' (DA5GD36AD + .!$$ " ' !' JBAE;5;U@ 67 ;>GEFD35;A@7E 7 ! $ % &, ;>GEFD36AD3 K 6;E7T3 6AD3 67 ?A63 $ + , ')- , *79;@3 + .!$$ #( %' & & ) > ! + 5A@ >3 5A>34AD35;U@ 67 >3 G@635;U@ >3 3;J3 G@635;A@ '& K ! ' @ &,!)*!-% +G4EG7>A 67 %7FDABA> (3D3EA> 67 >3 B>3L3 67 >3 @53D@35;U@ $G@7E K 57DD36A 7 ?3DF7E 3 EP436AE 67 3 : K 67 3 : A?;@9AE K 87EF; HAE 67 3 : !@8AD?35;U@ K D7E7DH3 67 H;E;F3E 9G;363E + .!$$
01enero 04/01/2015 9:00 Pรกgina 44
!
7> 3> - $ $
% "! %A
(*'1 ,' * '& *` 5 $7HS7E
!
&,! ,7>
AFA9D38S3E 67 % &- $ $ ! % & 7 : 3 ?36DG9363 + .!$$
7 FD3F3 67 D7FD3FAE 7@ >AE CG7 7> DAEFDA @A ;67@F;8;53 3 G@ EG<7FA D73> E;@A 3 G@ EG<7FA 67E8;9GD3 6A 3@U@;?A K @A D75A@A5;4>7 3<A 7EF7 B>3@F73?;7@FA 7EFRF;5A >AE A4<7F;HAE 67 >3 E7D;7 EA@ D78>7J;A@3D EA4D7 >3 6;EA>G5;U@ 67> 1A K >3 3>F7 D35;U@ 67 >3 ;67@F;636 ;@FDA6G5;D 7@ 7> D7FD3FA 7>7?7@FAE 67 H;A>7@5;3 K ABD7E;U@ CG7 D7?;F7@ 3 >3 BD7E7@5;3 67 G@3 F7D57D3 7@F;636 @A D7FD3F363 D7EBA@E34>7 V>F;?3 67 >3 67E8;9GD3 5;U@ 67 >AE DAEFDAE EF3 EG97D7@5;3 E7 D7B7F;DP 3 >A >3D9A 67 FA63 >3 E75G7@5;3 5A?A G@ 7>7?7@FA 5A?V@ 3 FA63E >3E ;?P97@7E EFA CG;7D7 D78>7<3D >3 67EB7DEA@3>;L35;U@ 3>;7@3@F7 67 >3E EA5;76367E 5A@F7?BADP @73E > 67<3D 67 >36A FG 1A EGBA@7 >3 FD3@E8AD?35;U@ 67> ;@6;H;6GA 7@ 3>9A 6;EF;@ FA 67 >A CG7 7@ D73>;636 7E >3 3>F7D35;U@ K 678AD?35;U@ 67 EG 3GFR@F;53 5A@5;7@5;3 7 ;67@F;636 E 7> FD;G@8A 67 >3 ?G>F;FG6 EA4D7 7> ;@6;H;6GA E 7> 3GFA7@93TA 5AF;6;3@A 67 >3 ?3@;BG>35;U@ 35A?7F;63 EA4D7 7> E7D :G?3@A $3 3>F7D35;U@ 67 @G7EFDA 1A BDAHA53 G@ 7EF36A 67 67E3EAE;79A 5A?V@ 3 @G7EFD3 5A@F7?BAD3@7;636 (7DA 7E EU>A 67E67 7EF7 BAE;5;A@3?;7@FA 67E67 6A@67 BA67 ?AE DA?B7D 7EF3 7JF7D@3 ;67@F;636
" " ! (DABG7EF3 67 *A5SA +;>H3 K D3@ +;>H3 JBAE;5;U@ 67 E7D;9D38S3E 67 GFDU@ 6;87D7@F7E 3DF;EF3E $ -,*a& + .!$$
( ! < @ +7H;>>3 BG6;?AE H7D>3E 7@ 7> (3DCG7 67 %3D;3 $G;E3 5A@ ?AF;HA 67> 57@F7@3D;A ( + ' $ .! ,'*! a* '
%%" & ' + ( " 7 >G@7E 3 H;7D@7E 67 3 K 67 3 +P436AE K 6A?;@9AE 67 3 : (!& ', %-&! !( $ * '+ $ *'&, *
"& % "& & ) E G@3 ?G7EFD3 67 ?PE 67 8AFA9D38S3E 67> ! + 67@FDA 67 >3 >S@73 67 BDAK75FAE 7JBAE;F;HAE 6;HG>93F;HAE CG7 B7DE;9G7@ >3 BG7EF3 7@ H3>AD K BDA?A5;U@ 67 >AE 6;EFD;FAE 67 >3 5;G 636 +A4D7 >3 :;EFAD;3 67 >AE *7?76;AE ,A63E 7>>3E :3@ 7EF36A 43E363E 7@ >AE 8A@ 6AE 67 >3 AFAF753 %G@;5;B3> K :3@ 5A@F36A 5A@ >3 5A>34AD35;U@ 67 B7DEA@3E H;@5G>363E 3> 43DD;A 3ES 5A?A ;@H7EF;936AD7E > 43DD;A E7DP 7> BDAB;A >G93D 7JBAE;F;HA > (3F;A $;4D7DS3 (3>3E +GB7D?7D536A !E347> K 3D?35;3 EG@5;U@ 7@FD7 AFDAE * #"! % & % AFA9D38S3 K BA7ES3 GFAD3E *A5SA A?S@9G7L %7<S3E ;?P97 @7E %3DS3 *G;L 3DA B3>34D3E > F;7?BA B3E3 K E;@ 7?43D9A E79G;?AE 53?;@3@6A :3K CG;7@ E7 ?G7H7 BAD 67E7A BAD 87 CG;7@ EU>A 4GE53 G@3 >GL CG7 >7 AD;7@F7 (7DA 367 ?PE :3K CG;7@ :3 675;6;6A 5A>93D 67 EG H;63 >3 43@67D3 67 >3 >;47DF36 5A@ 7EB7D3@L3 K G@ ;DD7BD;?;4>7 67E7A 67 HA>3D + $ $ ,* H3@97>;EF3 + .!$$
"& " "& ' #" JBAE;5;U@ 67 >3 A>755;U@ %73@3 $3DDG573 7@ 6;P>A9A 5A@ >3 5;G636 67 P6;L $G@7E 3 6A?;@9A 67 3 : .7D3@A :3EF3 >3E : ;3E 67 5A@5;7DFA :3EF3 >3E : +,!$$' + &, , $!& 3?BA 7 $3E 3>3E E @ ,7> _ !2
!' AFA9D38S3 67 % & - $ 7 :3 * '& *` $7HS7E + .!$$
%' % " C '# '4<7F;HA 67?A5D3F;L3D 7> 3DF7 +7>755;U@ 67 ?V>F;B>7E 67 3DF7 K 76;5;A@7E E7D;363E 3557 E;4>7E 3 FA6AE >AE BV4>;5AE K 3 FA6AE >AE 4A> E;>>AE 7 3 K 67 3 : .!&', $ & ' ,!&,' H & $- ! ! * $ a&
@% & &'% B! + % AFA9D38S3E 67 !9@35;A 43>AE &G7HA 7 >G@7E 3 EP436AE 67 3 : A?;@9AE K 87EF;HAE 67 3 K 67 3 : + $ $! *' .7>3LCG7L ,7> + .!$$
" ( !'" & JB76;7@F7 B7D EA@3> 67 6A@ $G;E $UB7L *G763 ?R6;5A F;FG >3D 67 %A9G7D K 5A@ CG;7@ "G3@ *3?U@ ";?R@7L ?3@FGHA G@3 7EFD75:3 D7>35;U@ 7 >G@7E 3 H;7D@7E 67 3 : * !.' !+,a*! ' %-&! !( $ %' - *
#%"+ '" % &- $ $ ! ?36DG9363 $ ,7>
@
01enero 04/01/2015 9:00 Pรกgina 45
!
( %'
GD3@F7 7@7DA
@$
- *,
(>3L3 67 >AE ,7D57DAE
,7>R8A@A
+ .!$$
;@5G7@F3 3TAE @A EA@ @363 CG7 6;DS3 G@ 53EF;LA 1 B3D757@ @A E7D>A E; F7@7?AE >3 ABADFG@; 636 67 7@F34>3D 5A@H7DE35;U@ 5A@ @D;CG7 *A>6P@ 7@FGE;3EF3 K H;F3>;E F3 7?B767D@;6A 3?3@F7 67> 3DF7 7@ 6A@67 CG;7D3 CG7 E7 ?3@;8;7EF7 K 8G@636AD 67 >3 BD;?7D3 93>7DS3 67 3DF7 5A@F7?BADP@7A CG7 34D;U 7@ +7H;>>3 G@ 67 7@7DA 67 :357 3:AD3 5;@5A 6R5363E B3D3 FD37D G@3 4A53@363 67 3;D7 8D7E5A 3> 3@CG;>AE36A B3@AD3?3 67> 3DF7 E7H;>>3@A K 3@63>GL D3@ F;7?BAE :7DA;5AE B3D3 5G3>CG;7D <AH7@ 93>7 D;EF3 CG7 5A@ G@3 EU>;63 8AD?35;U@ 7@ 7>>3E DF7E K [>7 9D3@6 FAGD\ :75:A BAD GDAB3 K &ADF73?RD;53 E7 367@FD3E7 7@ 7> :7D?RF;5A ?G@6A 67> 3DF7 E7H;>>3@A (7DA 7@FGE;3E?A 7@ 9D3@67E 6AE;E K 7> 67E7A ;DD78D7@34>7 67 CG7 @G7H3E BDA?7 E3E 8D3@CG73D3@ >3E 3>F3E ?GD3>>3E 67 7EB7T3B7DDAE 675;6;7DA@ 3 @D;CG7 *A>6P@ 3 34D;D $3 (3E3D7>3 CG7 BDA@FA E7 5A@H;DF;U 7@ 7> 7E53B3D3F7 7@ 7> CG7 7JBGE;7DA@ BAD BD;?7D3 H7L 7@ 7EF3 5;G636 B;@FAD7E 5GKAE 5G36DAE F3B;L3@ :AK 6S3 >AE BD;@5; B3>7E ?GE7AE 67> ?G@6A 34>3D 67 $G;E AD6;>>A 2U47> 7D3D6A 7>936A $G5;A %GTAL +3GD3 CG;BA DU@;53 A 3D?7@ $388A@ 7@FD7 AFDAE 3DF;EF3E CG7 B3E3DA@ BAD $3 (3E3D7>3 7E 5>3D3 ?G7EFD3 67 >3 ;?BADF3@5;3 CG7 FGHA 7EF3 93>7DS3 7@ 7> B3@AD3?3 67> 3DF7 5A@F7?BADP@7A 7FDPE H;@;7DA@ AFDAE B7DA >3 4D75:3 K3 7EF343 34;7DF3 :AD3 5A@ 7> D75;R@ 7EFD7@36A $3 (3E3D7>3 D7B3E3 G@3 :;EFAD;3 CG7 E7 ;@;5;U :357 3TAE F3?4;R@ 7EFD7@3@6A G@ 3TA @G7HA 7> 67 1 >A :357 7@ G@ 7E57@3D;A E;@9G>3D $3 G7DF3 G@ 43D 7@5>3H36A 7@ B>7@A 57@FDA E7H;>>3@A 6A@67 3DF7 K 93EFDA@A?S3 E7 8G@67@ 7@ B7D875F3 E;?4;AE;E @D;CG7 *A>6P@ :3 7>7 9;6A 3 $3 G7DF3 CG7 :3 5GEFA6;36A 7@ EGE B3D767E >AE 53DF7>7E 67 >3E 7JBAE; 5;A@7E CG7 E7 57>74D3DA@ 7@ $3 (3E3D7>3 5A?A 7> >G93D 7@ 7> CG7 7JBA@7D 7> >793 6A CG7 FA63HS3 57>AE3?7@F7 5A@E7DH3 67 3CG7>>AE 3TAE $3 ;?397@ 5ADD7EBA@67 3> 53DF7> 67 >3 BD;?7D3 7JBAE;5;U@ CG7 E7 :;LA 7> 67 7@7DA 67
) % "! & &" % % A! #"!<& ,;7@7 EG AD;97@ 7@ >3 5A@F7? B>35;U@ 67> <3D6S@ L7@ 67 *KA3@ <; 7@ #KAFA G@ <3D6S@ E75A 67> E;9>A 0. =3D7E3@EG; 3> CG7 E7 355767 EU>A 5A@ >3 ?;D363 -@ <3D6S@ 34EFD35FA CG7 ;?;F3 >3 7E7@5;3 ;@F7D@3 67 >3 @3FGD3>7L3 .3D;35;A@7E EA4D7 7> <3D6S@ <3BA @RE 36ABF3 G@ FRD?;@A ?GE;53> B3D3 BD7E7@ F3D G@3 5A?BAE;5;U@ >;4D7 G@ 6;P>A9A 7@FD7 3GFAD7E 67 RBA53E 5G>FGD3E K 6;E5;B>;@3E ?GK 6;87D7@F7E 3 B3DF;D 67 >3 8;9GD3 67 %;D7;+:;97?AD; 7 >G@7E 3 6A?;@9A 67 3 : ( $ !' * $'+ . A@<G@FA %A@G?7@F3> 67 >3 >:3?4D3 K 7> 7@7D3>;87 * & " & , +,! '+ $ ( + ' (DA6G55;U@ BDAB;3 67> (3DCG7 67 >3E ;7@5;3E 7@ >3 CG7 5A>34AD3@ 7@F;6367E 67 FA6A 7> ?G@6A A>755;U@ 67 ?A?;3E K D7EFAE AD;9;@3>7E B3D3 ;>GEFD3D@AE EA4D7 >3 5G>FGD3 67 EA5;76367E 7JF;@F3E K B3D3 5A? BD7@67D ?7<AD 5A?A 9D35;3E 3 EG 7EFG6;A 6;EBA@7?AE 67 G@3 9D3@ 53@F;636 67 63FAE 67> B3E36A 7 ?3DF7E 3 EP436A 67 3 : A?;@9AE K 87EF;HAE 67 3 : ( * )$ + ! & ! + H63 67 >3E 5;7@ 5;3E E @ ,7> * & (! ) %&" "% !' D735;U@ K H;63 67 @D;CG7 %AD7@F7 7D53 67 B;7L3E CG7 5A?4;@3@ EG >36A ?PE B7DEA@3> K >3E 57E;A @7E F7?BAD3>7E 67 AFDAE 3DF;EF3E CG7 ?3D53 DA@ EG BDA6G55;U@ 5A?A (;53EEA 3>S A $AD53 .;E;F3E 9G;363E EP436AE 67 3 : K 6A?;@9A 67 3 : +3>3 67 7JBAE;5;A @7E F7?BAD3>7E 67> %GE7A 67 7>>3E DF7E (3>35;A 67 3D>AE . A@<G@FA %A@G?7@F3> 67 >3 >:3?4D3 K 7@7D3>;87 7@FDA 67 A5G?7@F35;U@ %GE;53> 67 @63>G5S3 3DD7D3 67> 3DDA * &
)" ! <! %" A>34AD3 7@FDA @63>GL 67 >3 AFA9D38S3 7@G@5;3@ >3E 39D7E;A@7E 5A@ P5;6A EG8D;63E BAD ?G<7D7E B3=;EF3@S7E 67 >3 ?3@A 67 EGE ?3D;6AE 7JB3D7<3E 7 ;@5>GEA 83?;>;3D7E 3 E;6A 93>3D6A@363 $G@7E %3DF7E %;RD5A>7E 7DD36A "G7H7E 3 +P436AE 3 : +P436AE K A?;@9AE 3 : &,*' -$,-* $ + * ` .! % (>3L3 67 >3 GDAD3 E @ III 57@FDA3@63>GL 67>38AFA9D38;3 7E *%!$$
!" ( % & ,SFG>A 67 >3 @G7H3 7JBAE; 5;U@ 67> DGBA AFA9D38S3 $3 7JBAE;5;U@ ;@FDA6G57 3> H;E;F3@F7 7@ 7EB35;AE CG7 7EFP@ 678;@;6AE 53E; 7J5>GE;H3?7@F7 BAD 7> B3EA 67 ;@6;H;6GAE K >3 D7>35;U@ CG7 ?3@F;7@7@ 5A@ 7>>AE (G767 H;E;F3DE7 67 ?;RD5A>7E 3 6A?;@9A 67 3 :AD3E K 67 3 $ (a+!,' 3>>7 !9>7E;3 $!& * + "'" @ -@ 3TA ?PE 7> G>3 67 3BG5:;@A 35A97 7EF3 7JBAE;5;U@ 8AFA9DP8; 53 7@ >3 CG7 BG767@ H7DE7 3>9G@AE 67 >AE FD343<AE D73>;L36AE BAD 8AFU9D38AE 3>53>3S@AE 3 >A >3D9A 67 6;3D;A 67 3 K >AE EP436AE K 6A?;@9AE 67 3 :AD3E -$ % & (- !&'+ '4;EBA 743>>AE $ $_ $ * $
% '%"&# ' ) *7FDAEB75F;H3 67 >3 53DD7D3 3DFSEF;53 67 >3 B;@FAD3 :767E +GTR *7V@7 ?PE 67 A4D3E U>7A EA4D7 >;7@LA 7 3 :K @FD363 9D3FG;F3 ( $ !' '& * +'+ 1 0('+! !'& + ,'** %'$!&'+ %RJ;5A ,7> ,'** %'$!&'+
01enero 04/01/2015 9:00 Pรกgina 46
$ "
&
% " "
*,. &
$- !
(
"(%
( %' &
"
+ .!$$
& $ +-*
& "&
#
(* ++ '%
)-`
%"
"&< @!
$ '** '
+ .!$$ %
2!&
&
$- !
& A! >47DFA *A6DS9G7L '"& & ) 3?;P@ +L;8DU@
%
&
"& A & (! !" " K $ 3D67@@7 (, /AA6K >>7@ "%' "+ "3H;7D 7EE7D
B!
!" %(, ;7FD;5: DW997?3@@ !) ! @97>;@3 "A>;7 %" :D;E /;>>;3?E K A@ 3>> "& # ! > !"& +;?A@ " +?;F: K D;5 3D@7>>
K
& ' %% / /7@67DE K " * +3>936A "& A" ?# %" $(< (:;>;BB7 67 :3GH7DA@ " + 03H;7D A>3@
"
(& % = & @6DRE K *A7>
*" (& *;6>7K +5AFF
"
'
'
"& ( "& D3@5;E $3ID7@57
(*
!
!
$&" !
$ '* & $ + ( $` -$ + ,! & % 1'* % &'* ! @ " & H ( %GTAL +3@ *A?P@ ,7> @! (& ( ' ! & "% ( "& H *7BV4>;53 D97@F;@3 ,7> @! (& ( ' ! & ('% % $AE %A>;@AE E @ ,7> % "& ( ' ! & $AE D5AE ,7> ( ' ! & >3?763 67 RD5G>7E K ,7>
( # & +-+ ('*
) ! ! & %3DCGRE 67 (3D363E ,7> %) !' & ?AD 67 ;AE ,7> ! @#" & ( ' ! & H7@;63 67 EB3T3 ,7> ! @#" & "%B! -D43@A 7@F7D ,7> ( ' ! & %' & ' < 7@FDA A?7D5;3> & ,7>
)
! #'
&, " +
.',
!a&
! ,"! >AD;7F3 (3>35;A 67 A@9D7EAE ,7> '%" % ! & H 7E5G4D;?;7@FAE E @ ,7> ! &(% ! %) B! # , H $G;E 67 %AD3>7E E @ ,7> ! & #3 % & (>3L3 $3 $79;U@ ,7> ! @#" & "!' $( !'" ;@7)G;@FA ,7>
01enero 04/01/2015 9:00 Pรกgina 47
$ "
!
!
"G3@ "AER *A>6P@
> ?;E?A 3TA 7@ CG7 D36 (;FF BDAF39A@;L3 AD3LA@7E 67 357DA 7@ 7> 8D7@F7 3>7?P@ 67 >3 +79G@63 G7DD3 %G@6;3> @97>;@3 "A>;7 6;D;97 7EF7 6D3?3 3?4;7@F3@6A 7@ 7> (35S8;5A %G<7D 8G7DF7 K 5A?BDA?7F;63 D7EG>F3 E;@FA?PF;5A CG7 :3K3 7>79;6A 7> 9R@7DA 4R>;5A B3D3 EGE 6AE V@;53E ;@5GDE;A@7E :3EF3 7> ?A?7@ FA 7@ >3 D73>;L35;U@ K E; @ F;7DD3 67 E3@9D7 K ?;7> 5A@F343 G@3 :;EFAD;3 67 3?AD 7@ 7> FDP9;5A B3;E3<7 67 >3 G7DD3 67 >AE 3>53@7E 3:AD3 E7 EG?7D97 E;@ FD79G3 @; 5A?B>7<AE 7@ >3E 6GDSE;?3E 5A@6;5;A@7E 67 >AE EA>636AE 3?7D;53@AE 7@ >AE 53?BAE 67 5A@57@FD35;U@ @;BA@7E +; 3CG7>>3 @A >7 D7BADFU 67?3E;363E E3F;E8355;A@7E REF3 ?7D757 FA63 @G7EFD3 3F7@5;U@ K D7EB7FA :35;3 >A CG7 7E G@ FD343<A F3@ EU>;6A 5A?A 5A@H;@57@F7 +;9G;7@6A 3 D3<3F34>3 >AE ?A67>AE @3DD3F;HAE 67> 5;@7 5>PE;5A "A>;7 F7<7 G@3 5>3GE FDA8U4;53 K 67E3EAE793@F7 5DU@;53 67 EGB7DH;H7@5;3 D7E;EF7@5;3 K D767@5;U@ 5A?A ;@6;53 7> FSFG>A AD;9;@3> 67> >;4DA 67 $3GD3 ;>>7@4D3@6 7@ 7> CG7 E7 43E3 7@ G@ ?3D5A 7JFD7?363?7@F7 :AEF;> K 67H3EF36AD (3D3 7>>A E7 DA673 67 G@ 7CG;BA 67 BD;?7D3 53F79ADS3 >A CG7 3KG63 3> 4G7@ 353436A 67 >3 7?BD7E3 B7DA 3 >3 H7L EGBA@7 G@ D7FA B3D3 CG;7@ 7EFP 3> 8D7@F7 67 7>>AE ?B7L3@6A BAD G@ BU=7D 67 3E7E 67 >3 7E5D; FGD3 5;@7?3FA9DP8;53 >AE A7@ &;5:A>EA@ K $3 D3H3@7E7 CG7 @A ;?BA@7@ EGE 8G7DF7E B7DEA@3>;6367E B3D3 E;?B>7?7@F7 363BF3DE7 3 7EF3 ;@5D7S4>7 K 7JFD7?3 :;E FAD;3 5A@ D7EB7FA K EA4D;7636 *A97D 73=;@E 5A?A D7EBA@E34>7 67 G@3 8AFA9D38S3 >;?B;3 K >G?;@AE3 K >7J3@6D7 7EB>3F 6AE;8;53@6A >3 7?A5;U@ 5A@ G@3 67>;5363 B3DF;FGD3 5A?B>7F3@ G@ 7CG;BA ;@EGB7D34>7 7@ 7> CG7 67EF353 F3?4;R@ G@ 7J57>7@ F7 353436A FR5@;5A (7DA EA@ "A>;7 K 7> BDAF39A@;EF3 "35= '^ A@@7>> 3> CG7 3B7@3E :7?AE H;EFA 5A?A E75G@63D;A 7@ > AD;97@ 67 G@ ;?B7D;A CG;7@7E 7>7H3@ 7> 7EB75FP5G>A 3 G@ 9D3@ @;H7> $3 BD;?7D3 @AE EG?7D97 7@ 7> EG8D;?;7@FA 67 $AG;E 23?B7D;@; K >3 ?AD3> ?;@363 67 >AE 5A?43F;7@F7E E;@ 3B7@3E FD79G3 >AE 4D7H7E K ?GK 5A@F36AE 8>3E :435=E CG7 7@ 67F7D?;@36A ?A?7@FA 67<3@ 67 EGD9;D B3D3 3>;H;3D F3@FA FAD?7@FA !F3>AA3?7D;53@A CG7 H;H;U EG ;@83@5;3 K 36A>7E57@5;3 7@FD7 B;>>3<7E K FD3H7EGD3E K CG7 ?AF;H36A BAD EG :7D?3@A ?3KAD E7 5A@H;DF;U 7@ 7EFD7>>3 67> 3F>7F;E?A K 67 >3E A>;?B;363E @3L;E 67> 23?B7D;@; EG8D;U G@3 3GFR@F;53 FD3976;3 7@ ?76;A 67> A5R 3@A K 67 G@ 53?BA 67 5A@57@FD35;U@ <3BA@RE 6A@67 7EFGHA 7JBG7EFA 3 >3 E3T3 7 ;@CG;@3 67 G@ A8;5;3> 7JFD3AD6;@3D;A ,3=3?3E3 !E:;:3D3 :3EF3 7JFD7?AE :G?3@3 ?7@F7 ;@EABADF34>7E EFA 7E >A CG7 ?PE ;@F7D7E3 67 7EF3 3B3E;A@3@F7 B7>S5G>3 >3 53B35;636 67> :A?4D7 B3D3 :357D 63TA 3 EG E7?7<3@F7 >A CG7 E79V@ >3 5AKG@FGD3 7@ >3 CG7 E7 H;H3 :3DP 7> 5D;?7@ ?PE 7H;67@F7 A ?PE EGF;> BG7E ;@5>GEA 7@ F;7?BAE 67 B3L 7EF3?AE EA?7 F;6AE 3> KG9A 67 CG;7@7E 7<7D57@ 7> BA67D 3 ?7@G6A B3D3B7F36AE 7@ >3 D7EBA@E3 4;>;636 B3D3 BDABAD5;A@3D EU>A 6A>AD 7 ;@<GEF;5;3 "35= '^ A@@7>> 7J:;47 G@ FD343<A BDA6;9;AEA 67 5A@F7@5;U@ ;@F7DBD7F3F;H3 E;@ BAD 7>>A 67<3D 67 FD3@E?;F;D 7> EG8D;?;7@ FA 67 G@ :A?4D7 53B3L @A EU>A 67 EGB7D3D F3@FA :ADDAD E;@A 67 B7D6A@3D 3 EGE H7D 6G9AE 5A@H7DF;DE7 7@ BD7EF;9;AEA AD36AD 7 ;@EB;D36AD 67 >AE ?PE @A4>7E ;@EF;@FAE :G?3@AE K D75ADD7D 5A@ 7?A5;U@ E7E7@F3 3TAE 67EBGRE >3E 53>>7E 67 ,A=;A 6A@67 :34DS3 67BAE;F36A FA63E EGE 7EB7D3@L3E 5A?A <AH7@ 3F>7F3 E; >3 ;EFAD;3 :G4;7D3 E;6A 6;87D7@F7 % '"% @97>;@3 "A>;7 ( B! F:3@ A7@ "A7> A7@ *;5:3D6 $3 D3H3@7E7 K /;>>;3? &;5:A>EA@ E79V@ 7> >;4DA [-@4DA=7@ /AD>6 /3D !! +FADK A8 3 +GDH;H3> *7E;>;3@57 3@6 *767?BF;A@\ 67 $3GD3 ;>>74D3@6 "'" % A *A97D 73=;@E C& >7J3@6D7 7EB>3F % # %'" "35= ' A@@7>> A?:@3>> >77EA@ 3DD7FF 76>G@6 ,3=3?3E3 !E:;:3D3 ;@@ /;FFDA5= "3; AGDF@7K %3663>7@3 !E5:;3>7 .;@57@LA ?3FA "A:@ %393DA
01enero 04/01/2015 9:00 Pรกgina 48
7436AE BAD >3 3?4;5;U@ &;5= 3>7 K #GDF 675;67@ E7D EGE BDAB;AE <787E >3@L3@6A EG BDA B;A @79A5;A (7DA G@ ;@H7DEAD ?GK >;EF;>>A 75:3 3 B7D67D EGE B>3@7E .7@5;6AE K 67E7EB7D36AE K E;@ D75GDEAE >793>7E >AE FD7E 3EB;D3@F7E 3 7?BD7E3D;AE FD3?3@ G@ B>3@ ;@E7@E3FA !* ,'* +73@ @67DE * ( *,' "3EA@ 3F7?3@ :3D>;7 3K "3EA@ +G67;=;E "7@@;87D @;EFA@ EF36AE -@;6AE '% ! &<#' " " !* ,'* +7D97K A6DAH * ( *,' "788 D;697E "G>;3@@7 %AAD7 7@ 3D@7E *7;@A -@;6A &,_+,! ' ( "% ;D75FAD *GB7DF /K3FF !@FRDBD7F7E %3D= /3:>47D9 --
D;7 $3DEA@ %;5:37> #7@@7F: /;>>;3?E
' ' ' "! 7E5;8D3@6A 7@;9?3 *7;@A -@;6A ;D75FAD %ADF7@ ,K>6G? !@FRDBD7F7E %3D= +FDA@9 7@76;5F G?47D43F5: *ADK #;@@73D &&
EB3T3
%A" ! ( " +:3I --
;D75FAD _>7J 67 >3 !9>7E;3
' -% &, $
;D75FAD ";? %;5=>7 !@FRDBD7F7E
A@ "A:@EA@ %;5:37>
3>> .;@7EE3
& !"& ( & !"& ;D75FAD &;5A>3E 7@3?AG (:;>;BB7 $35:73G !@FRDBD7F7E (:;>;BB7 $35:73G ,3D7= AG63>; "G>;7@ DDGF; D3@5;3
4D;> %;7@FD3E >AE >;36AE ;@;5;3@ EG A87@E;H3 8;@3> 7@ 7> 8D7@F7 7GDAB7A G@ 39G7DD; 6A E3D97@FA 67 3DF;>>7DS3 >>3?36A /3D6366K D36 (;FF E7 7@5G7@FD3 3> ?3@6A 67 G@ F3@CG7 +:7D?3@ K 67 >AE 5;@5A :A?4D7E CG7 5A?BA @7@ EG 6AF35;U@ 7@ G@3 ?;E;U@ ?ADF3> 67FDPE 67 >3E >S@73E 7@7?;93E !* ,'* 3H;6 K7D * ( *,' D36 (;FF $A93@ $7D?3@ +:;3 $3 7AG8 "A@ 7D@F:3> %;5:37> (7T3 EF36AE -@;6AE M$! % ! " ! &# % ) %'( A@LP>7L !TPDD;FG * ( *,' %;5:37> #73FA@
!"% ! ??3 +FA@7
!* ,'* >7<3@6DA EF36AE -@;6AE '% !
, % ) & !* ,'* D36 @67DEA@ * ( *,' #3F7 75=;@E3>7 ";? +FGD97EE D7@63@ >77EA@ %;5:37> 3;@7 7@ #;@9E>7K EF36AE -@;6AE , *!$$ * (! ! % & !* %;D3@63 'FFA D3E;> $(< ' DA?I7>>
,'*
DG@A 3DD7FA * ( *,' ,D35K %;667@6AD8
"! " ;D75FAD %;5:37> %5 AI3@ * ( *,' :G5= +:3?3F3 3@36P
:D;EFAB:7D (>G??7D
>7?3@;3
'%
!
>AD;3 (;D7E
7@7H;7H7 G<A>6 "3?7E
R5FAD 7E G@ <AH7@ BE;CG;3FD3 CG7 3F;7@67 G@3 5A@EG>F3 8D75G7@F363 BAD >3 5>;7@F7>3 ?PE E7>75 F3 67 $A@6D7E G@CG7 >3 ?3KAD B3DF7 67 EGE B35;7@F7E >>7H3 G@3 H;63 3B3D7@F7?7@F7 B7D875 F3 FA6AE 7EFP@ ;@E3F;E875:AE R5FAD @A 5A@E; 9G7 CG7 E73@ 87>;57E K 7EA >7 67BD;?7 ES 5A?;7@L3 3 BD79G@F3DE7 Y(AD CGR @A EA?AE 53B357E 67 3BD75;3D >A CG7 F7@7?AE K @AE B3E3?AE 7> F;7?BA EAT3@6A 5A@ G@3 H;63 ?7<AD B3D3 7>>A 7?BD7@67 G@ H;3<7 BAD FA6A 7> ?G@6A B3D3 4GE53D H7D6367DA E75D7FA 67 >3 87>;5;636 !* ,'* (7F7D :7>EA@ * ( *,' +;?A@ (799 *AE3?G@6 (;=7 ,A@; A>>7FF7
' "%A '" " !* ,'* "3?7E %3DE: * ( *,' "A@7E ?;>K /3FEA@ 3H;6 ,:7I>;E *7;@A -@;6A * %
66;7 *76?3K@7 7>;5;FK
& #% !* ,'* *;5:3D6 >3FL7D /3E: /7EF?AD7>3@6 * ( *,' "G>;3@@7 %AAD7 >75 3>6I;@ #D;EF7@ +F7I3DF EF36AE -@;6AE * % ! ' % % # %&"! !* ,'* (3G> 399;E * ( *,' $;3? &77EA@ %;>3 #G@;E 6D;7@ DA6K '>;H;3 /;>67 "3?7E D3@5A %AD3@ F;3E EF36AE -@;6AE *'% & ) ! !, !* ,'* '>;H;7D %793FA@ * ( *,' %399;7 D357 $;3? &77EA@ 3?=7 "3@EE7@ D3@5;3 ,* !$$ * &'"% & ) # <& A>>3@F7E G;>>7D?A ,A>76A
!* ,'* *3?A@ $GCG7 * ( *,' *3837> *73TA +3@6D3 EB3T3
67
01enero 04/01/2015 9:00 Pรกgina 49
!@FA F:7 /AA6E 7E G@3 H7DE;U@ ?A67D@3 67 >AE 7@FD3T34>7E 5G7@FAE 67 :363E 67 >AE 7D?3@AE D;?? CG7 7@FD7>3L3 >3E FD3?3E 67 3>9G@3E :;EFAD;3E E7>755;A@363E K 7JB>AD3 >3E 5A@E75G7@5;3E 67 >AE 67E7AE K >3E ;@CG;7FG67E 67 >AE B7DEA@3<7E EF7 ?GE;53> :G?ADSEF;5A K 5A@?AH76AD E;9G7 >AE 5G7@FAE 5>PE;5AE 67 7@;5;7@F3 3B7DG5;F3 *A<3 "35= K >3E <G6S3E ?P9;53E K *3BG@L7> ,A6AE 7>>AE E7 5A?4;@3@ 7@ G@3 :;EFAD;3 AD;9;@3> CG7 BDAF39A@;L3@ G@ B3@367DA K EG 7EBAE3 !* ,'* *A4 %3DE:3>> * ( *,' ?;>K >G@F %7DK> +FD77B "A:@@K 7BB EF36AE -@;6AE %-+! $ % "!&'%( B! !* ,'* "G3@ ,3D3FGFA * ( *,' A@FP@ >8D76A 3E7DA D97@F;@3 * %
;79A (7D7FF;
>3G6;3
('B ' ;D75FAD 347 !4PT7L * ( *,' @FA@;A 3@67D3E %7>3@;7 D;88;F: <ADF +XD7@E7@ EB3T3 EF36AE -@;6AE ! & ! ! !a& , *!$$ *
;D9;FF7
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
D3?3
A@ *77E7
7> 6;D75FAD >3G6;3 $>AE3
01enero 04/01/2015 9:00 Pรกgina 50
(!
B! )
%- +,*
. $G@7E
$G@7E
$G@7E
:
@FD363
_
%36D7 67 ;AE $;4D7 :3EF3 5A?B>7F3D 38ADA ! -+ III 5;5GE GE 7E 5;5GE GE 7E + .!$$
,7>
> ! -+ 35A97 6GD3@F7 7> ?7E 67 7@7DA FD7E @G7H3E E7E;A@7E 67 >3 %G7EFD3 H3 CG7 D7V@7 6;H7DE3E BDAK755;A@7E 67 3G6;AH;EG3>7E 3@63>G57E [+M .!$$ & $3 +7H;>>3 67> 6;34>A\ 67 %3DS3 3T3E E7DP >3 7@53D9363 67 34D;D 7> 5;5>A -@ ?G7EFD3D;A D747>;U@ EA4D7 >3 ;@6GEFD;3 67 >AE 83@3F;E?AE K G@ :A?7@3<7 3 >3 :G?3@;636 ?PE ]3B7DD7P >3 5D735;U@ BABG>3D 3 >3 8G7DL3 67 >AE 6R4;>7E B7DDAE H7D67E BA7F3E 7J;>;36AE >A5AE BDAEF;FGF3EZ > BG74>A @A EU>A 5A?A 53@F7D3 67 ?3F7D;3>7E 8A>5>UD;5AE E; @A 5A?A 3GFR@F;5A BDAF39A@;EF3 67 >3 :;EFAD;3 K CG7 F;7@7 7> BA67D 67 67F7@7D 7> FD7@ 67 >3 :;EFAD;3 A?B>7F3 >3 E7E;U@ >3 BDAK755;U@ [ > 67E AD67@ 67 >AE E7@F;6AE\ 67 >7<3@6DA +3>936A G@ H;3<7 ?PE 3>>P 67 >AE 5;@5A E7@ F;6AE B3D3 ?AEFD3D >3 D73>;636 67> ?G@6A 67 6AE <UH7@7E 6;E53B35;F36AE CG7 E7 7@8D7@F3@ 3 >3 DGF3 8D3@57E3 67> 3?;@A 67 +3@F;39A 7@ 4;5;5>7F3 > BDA9D3?3 6A5G?7@F3> [%36D7E\ 67 (76DA A>>36A E7DP >3 BDAF39A@;EF3 67 >3 E79G@63 E7E;U@ 3 FD3HRE 67> 5G3> H3D;3E ?36D7E 63DP@ 3 5A@A57D EG BDAB;3 :;EFA D;3 @ >3 V>F;?3 E7E;U@ 67> ?7E E7 BDAK75F3DP [ 7 :A?4D7E >;4D7E K 93>9AE\ 67 >8D76A (7@7>>3 G@ 6A5G?7@F3> EA4D7 >3 :;EFAD;3 67> 67BADF7 67 >3 53L3 67 >;74D7E 5A@ 93> 9AE ES @AE FD3@EBADF3 3 G@ 5A?43F7 7@ >3 @3FGD3>7L3 67 >3 ?PE 7JFD3AD6;@3D;3 47>>7L3 ;@H;FP@6A@AE 3 5A@A57D 7@ BDA8G@6;636 >3 53DD7D3 BAD >3 EGB7DH;H7@5;3 67 >3 >;74D7 K 7> ;@EF;@FA ;@@3FA 67> 53L36AD 7> 93>9A
(
% &
!
&' &
% *, + !& GD3@F7 7EF7 ?7E @FD363 >;4D7 :3EF3 5A?B>7F3 38ADA -& !a& ,* + -$,-* + %3J (>3@5= !E>3 67 $3 3DFG<3 ,7> III FD7E5G>FG D3E AD9 ;@8A FD7E5G>FGD3E AD9 + .!$$
9;BFA >3 ?PE H7F7D3@3 67 >3E ;@6GEFD;3E 5;@7?3FA9DP8;53E PD347E E7DP >3 BDAF3 9A@;EF3 67 >3 @G7H3 76;5;U@ 67 >AE %3DF7E 67 ;@7 AD93@;L36AE BAD >3 G@635;U@ ,D7E G>FGD3E > 5;5>A [%G<7D7E D73>;L36AD3E 7@ 7> 5;@7 79;B5;A 35FG3>\ BDA9D3?36A AD;9;@3>?7@F7 BAD 3E3 _D347 E7 5A@H;7DF7 7@ G@3 ?39@S8;53 ?G7EFD3 67 7EF3 ;@6GEFD;3 D787D7@F7 7@ 7> 5;@7 PD347 $3E FD7E B7>S5G>3E E7>755;A@363E B3D3 ?AEFD3D >3 BDA6G55;U@ 79;B5;3 67> ?A?7@FA :3@ E;6A 6;D;9;63E BAD ?G<7D7E D78>7<A 67 >3 7HA>G5;U@ 35FG3> 67> ERBF;?A 3DF7 67 >3 D79;U@ 67 'D;7@F7 (DUJ;?A K 7> &ADF7 67 _8D;53 6A@67 7@ >3 35FG3>;636 G@ @V?7DA 5D75;7@F7 67 ?G<7D7E E7 5A>A53@ 67FDPE 67 >3E 5P?3D3E 4;7@ 5A?A 9G;A@;EF3E A D73>;L36AD3E $3 8;@3> 67 AB3 67 _8D;53 67 CG7 6;EBGF3DA@ 9;BFA K 3?7DV@ 7E 7> BG@FA 67 B3DF;63 67 [-@A 7DA\ 67 #3?>3 4G 27=DK CG7 B>3E?3 >3 H;63 67 G@3 E7D;7 67 B7DEA@3<7E 67 6;H7DEAE 7EFD3FAE EA5;3>7E K 5U?A E7 <G793@ EGE BDAB;3E D7>35;A@7E ?;7@FD3E 4GE53@ E3>;D 67 >3 D73>;636 5AF;6;3@3 A@F;@V3 7> 5;5>A 5A@ >3 BDAK755;U@ 67 [.;>>3 \ 67 KF7@ ?;@ G@3 FD39;5A?76;3 EA4D7 >3 7@87D?7636 >3 ;@F;?;636 K >3 ?G7DF7 ;7DD3 7> 5;5>A [ E:3? G@ :A?4D7 >>3?36A EB7D3@L3\ 67 %399;7 %AD93@ K CG7 @3DD3 >3 :;EFAD;3 67 H3D;3E ?G<7D7E 7@FD7 7>>3E 3>;3 G@3 <AH7@ CG7 CG;7D7 34D;D G@3 93>7DS3 67 3DF7
01enero 04/01/2015 9:00 Pรกgina 51
# $G;E %;T3DDA
!*!%-& ' !% !& & ' $ 7>H75;A %3D;@E "D >3D;EE3 .! 3?BA>;@3 : ;@7 (A>35A A@F7?BADP@7A ( (-+2 : !% !& : %G7EFD3 H3
+ .!$$ & $ + .!$$ $ ! $' %3DS3 3T3E EA5;35;U@ "A@ *A4S $ +'* & $'+ + &,! '+ : % * + (76DA A>>36A : '% * + $! * + 1 $ '+ >8D76A (7@7>>3 : ;5GE A5 > 6A5G?7@F3> 67> ?7E . *1 1 * $$!'& D3E: K D?3@ , *;3:; Y)GR F;7@7@ 7@ 5A?V@ 7> ?AH;?;7@FA '55GBK /3>> +FD77F 5A@ >AE ;@6;9@36AE 67 EB3T3 A >3 (D;?3H7D3 _D347 : @FD363 >;4D7 :3EF3 5A?B>7F3D 38ADA ! -+ %36D7 67 ;AE ,7> III 5;5GE GE 7E + .!$$ ;5>A AD93@;L36A BAD >3 G@635;U@ 3<3EA> 5A@ >3 5A>34AD35;U@ 67 ;@7 >G4 .;63 5086 !, !a& '& .!+, + 67 "3?7E !HADK 5086 $ ! $' +' * *$`& 67 /;@ /7@67D 5086 $ '% * $$ ' 7 %3D;3@A A:@ K 3EFA@ GBD3F (DAK755;A@7E K : 7@FD363 >;4D7 :3EF3 5A?B>7F3D 38ADA + $ ! ** *'+ (>3L3 67 +3@ D3@5;E5A +7H;>>3 EF3 76;5;U@ 7EFP 676;5363 3 >3E %G<7D7E D73>;L36AD3E 7@ 7> 5;@7 79;B5;A 35FG3> @ 5A>34AD35;U@ 5A@ 3E3 _D347 -&' *' #3?>3 4G 27=DK .!$$ KF7@ ?;@ + % -& '% * $$ % ' +( * &2 %399;7 %AD93@ -& !a& ,* + -$,-* + %3J (>3@5= !E>3 67 $3 3DFG<3 ,7> + .!$$ "' !$' 36<A 6;>A E;9@;8;53 7> B3KA >A5A 7@ DA?3@S 0!, , *'- , ! , + '( : @FD363 >;4D7 :3EF3 5A?B>7F3D 38ADA +( !' -$,-* $ '$'% * ,*! & 7@FD7 EB7D3@L3 67 ,D;3@3 K 74A ,7> + .!$$ "& " % & % & A@ ?AF;HA 67> S3 67 >3 %7?AD;3 67> A>A53GEFA K >3 (D7H7@5;U@ 67 >AE DS?7@7E 5A@FD3 >3 G?3@;636 ,D3E >3 BDAK755;U@ 67 >3 B7>S5G >3 43E363 7@ :75:AE D73>7E 6743F7 EA4D7 7> A>A53GEFA : @FD363 9D3FG;F3 -& !a& ,* + -$,-* + %3J (>3@5= !E>3 67 $3 3DFG<3 ,7> + .!$$ '% &' ! (DAK755;U@ 67 >3 B7>S5G >3 5A@ 9G;U@ 67 >8A@EA ";?R@7L (D7H;3?7@F7 5:3D>3 67 BD7E7@F35;U@ EA4D7 >AE FD343<AE D73>;L36AE B3D3 7> 5;@7 BAD 7> 6D3?3FGD9A 3 53D9A 67 %3DS3 EG@5;U@ (7T3 U?7L : @FD363 >;4D7 :3EF3 5A? B>7F3D 38ADA -& !a& *& & ' .!$$ $a& (L3 67> (A>HADU@ + & %'*a& $ *'&, *
(D7E7@F35;U@ 67> 6A5G?7@F3> &,* * & $ %-& ' %(-+ _ !2 : * %(-+ $ !* + : %(-+ " * 2 : -&!. *+! _ !2 6;8;5;A A@EF;FG5;U@ @F;9GA G3DF7> 67 >3 A?43 (3E7A 3D>AE !!! ,7> III G53 7E 7JF7@E;A@ _ !2 ' -% &, $ &,* * & $ %-& '
*75ADD;6A BAD >AE 5;@5A 5A@F;@7@F7E H;E;F3@ 6A 6;87D7@F7E 5;G6367E A >G93D7E 7?4>7?PF; 5AE 67> B>3@7F3 CG7 CG763@ D78>7<36AE 7@ >3E B7>S5G>3E ?G5:3E H757E 5A?A B3DF7 ;?BAD F3@F7 67 EGE 3D9G?7@FAE A 3?4;7@F35;A@7E %! &! , !& ( *!+ /AA6K >>7@ #'& ,!#! "A35:;? *A@@;@9 K EB7@ +3@647D9 : %(-+ &,'&!' % ' (>3L3 67 +3@F3 DGL E @ (3>35;A 67 "343>CG;@FA III G@;3 7E 2
* $ . &-+ $ + (! $ + 7 *A?3@ (A>3@E=; * ! 7 (3I7>> (3I>;=AIE=; , ,*' +! ** * & H7@;63 67 G7>H3 ,7> * &
'<% ! % '"% & (' +7 BDAK75F3DP , $ 0,* , ** +,* 67 +F7H7@ +B;7>47D9 K $ & 67 *;6>7K +5AFF . ' + : c - !,'*!' * & .!$$ H7@;63 67 >AE G;@6AE III >3F7D?;53?3>393 5A? %_$
?;E;U@ 7@ 6;D75FA 67 >3 BDA9D3?35;U@ 67 >3 BD7EF;9;AE3 *AK3> 'B7D3 AGE7 67 $A@6D7E & * M&! * 67 -?47DFA ;AD63@A $ '$ & M+ ** &, 67 /39@7D !& + 1 $%' !& + #!&M('$!+ !& +-* K AFD3E E3>3E &, )- * _ !2 a* ' - & !*'$ * & %_$ *')- , + K + .!$$
01enero 04/01/2015 9:00 Pรกgina 52
!' &A
$ - & $ ,`& 7> 3> S3 67 %3D;@3 A>>3S@ DR6;FA , $ . 3 >3E K : 3 >3E : , ,*' $ % III F73FDA3>3?763E7H;>>3 AD9 F3>3?763 E7H;>>3 AD9 + .!$$
7 3 3TAE " K
@ B7CG7TA 6G7@67 >>793 HA>3@6A 3 G@ >G93D ?GK 7EB75;3> 7> AECG7 A@EF;B36A >>S >AE PD4A>7E >7 5G7@F3@ CG7 7EFP@ ?GK BD7A5GB36AE BADCG7 BDA@FA >>793DP 7> D3@ DSA K @A F;7@7@ 5A@ CGR 34D;93DE7 E 7@FA@57E 5G3@ 6A 3> 6G7@67 E7 >7 A5GDD7 G@3 ;673 ;D 3 4GE53D 53>57F;@7E B3D3 5G4D;D >3E D3?3E K :A<3E 67 >AE PD4A>7E K 3ES 63D>7E 53>AD BDAF797D>AE 67> 8DSA ;EBG7EFA 3 5A@E79G;D EG BDABUE;FA ;@;5;3 G@3 4VECG763 CG7 >A >>7H3DP 3 H;E;F3D 7> *7;@A 67> *7HRE 7> (3SE LG> 7> (3SE A@67 &G@53 $>G7H7 -@ E;@8;@ 67 ?G@6AE ?P9;5AE 6A@67 EU>A 5A@ F3DP 5A@ >3 5A?B3TS3 67 >3E 53@5;A@7E 67 FA63 >3 H;63 -@3 7@FD3T34>7 :;EFAD;3 6A@67 >AE ?PE B7CG7E 67 >3 53E3 E7 67<3DP@ >>7H3D BAD >3 ?39;3 67> F73FDA 67 >A ;@7EB7D36A 67 >3 83@F3ES3 A?B>7F3 >3 BDA9D3?35;U@ 67 7@7DA [#G4;=\ 67 >3 S3 ,73FDA (3D3SEA -@ 7EB75FP 5G>A BDAF39A@;L36A BAD 6AE 35FAD7E CG7 ?76;3@F7 G@3 3DCG;F75FGD3 7@ ?AH;?;7@FA 7@ >3 CG7 >AE HA>V?7@7E K >3E 8AD?3E 5D73@ B7CG7T3E B3@F3>>3E ?UH;>7E 8AD?3@ ;?P97@7E 67 >A ?PE ;@EU>;FA G@3 ;@H;F35;U@ 3 G@ G@;H7DEA E7@EAD;3> 3 EAT3D
% ! & ( ( % .;E;F3E 9G;363E B3D3 7E5A>3D7E 6GD3@F7 FA6A 7> 3TA ;H7DE3E 35F;H;6367E 6;6P5F;53E 4;7DFA 67 3 : * &" + - $ $ - * !$$ (3DCG7 A?7D5;3> >3H7D3 ,7> III >353E3;@9>7E3 5A? + & "- & 2& $ *
" & - &, - &,'+ FD3HRE 67 D7>3FAE ;@83@F;>7E ;@F7@F3D7?AE G@ 357D53 ?;7@FA 3 >AE >;4DAE 67 ?3@7D3 ?GK 6;H7DF;63 3TAE & ,!(+ $%! a& 3DPE 5D735;A @7E ?GK AD;9;@3>7E 5A@ 3>?;6U@ H797F3> (A6DPE 5ADF3D ?A67>3D BD7@E3D 7F5 $3 ;?3 9;@35;U@ @A F;7@7 >S?;F7E 3TAE & # %!+ ! ! Y-@ >;4DA Y-@ F73 FDA 7E5G4D7 >3 ?3@7D3 FD36;5;A@3> 67 5A@ F3D 5G7@FAE 7@ "3BU@ 636 3TAE : (>3L3E >;?;F363E !@E5D;B5;U@ BAD AD67@ 67 >>79363 67E67 ?;@GFAE 3@F7E 67> 5A?;7@LA 67 >3 35F;H;636 ! ' (39RE 67> ADDA ,7> III 6;67 5A 7E + .!$$ % E5G7>3 E7H;>>3@3 67 ,7D3B;3 7EF3>F &G7HAE 9DGBAE 7@ 6;5;7?4D7 DGBAE 67 %36GD35;U@ B3D3 BD7 36A>7E57@F7E 3TAE K 36A>7E57@F7E 3TAE A@EG>F3 :AD3D;AE K F3D;83E E79V@ 9DGBA 67 7636 +79G;?;7@FA ;@6;H;6G3>;L36A K AD;7@F35;U@ 83?;>;3D " * + - $ + .!$$ & , * (! +, $, +AD %;>39DAE $A53> ,7> III <7D3 97EF3>F 5A? + .!$$
' (& "(& (DA9D3?3 ?GE;53> B3D3 @;TAE 67E67 3TAE > 5A8D7 ?GE;53> 8AD?35;U@ BDP5F;53 K 6;H7DF;63 7@ >3 CG7 >AE @;TAE 7E5G5:3@ FA53@ 7@ 7> F75>36A D;F?AE :357@ F73FDA ?GE;53> K 67E3DDA>>3@ 7> F3>7@FA >3 ?7?AD;3 K >3 5A@57@FD35;U@ H63 >7?3@;3 $AE 7D?7<3>7E ,7> III F:7?GE; 5:AGE7 7E + .!$$ ) % " $3 ?7<AD 8AD?3 67 3BD7@67D ;@9>RE 7E 6;H;DF;R@6AE7 >3E7E K 6;H7DF;63E 35F;H;6367E 7@ ;@9>RE 7@ 9DGBAE ?GK D76G5; 6AE K 5A@ BDA87EAD7E @3F;HAE 7 3 3TAE !. * ' (3E7A 67 >3E 7>;5;3E 6;8;5;A D;EF;@3 ,7> III 6;H7D4A 7E + .!$$ ' '%" ) !'" &(% 7 3 3TAE -@3 7JB7D;7@5;3 5D73F;H3 B3D3 67E3DDA>>3D >3 BAF7@5;3>;636 7JBD7E;H3 K 5A?G@;53F;H3 67 5363 @;TA 7> FD343<A 7@ 9DGBA K >AE H3>AD7E CG7 7> F73FDA 67E3DDA>>3 ,A6AE >AE EP436AE 7 3 : c , ,*' .! &,' +-* 3>>7 +3@ "AER 67 3>3E3@L III H;7@FAEGDF73FDA 5A? + .!$$ (%&"& "&'(% % ' ) '+ ,-* G@ 39D3 634>7 7EB35;A 6A@67 ;@97@;3D 3BD7@67D K 5A?B3DF;D 6;E7 TAE ?76;3@F7 F3>>7D7E D7>35;A @36AE 5A@ >3 ?3F7D;3 GDEAE 67 5AEFGD3 5A@F;@G3 FGFAD;3 >7E B3FDA@3<7 43E;5A K 5>G4 67 5AEFGD3 B3D3 @;@ E AD3D;A 67 ?3T3@3 A F3D67 67 >G@7E 3 <G7H7E @;TAE EA>A H;7D@7E F3D67E FGFAD;3>7E E3436AE ?3T3@3 ?3E ;@8AD?35;A@ F>8 5 6D;3@A E7H;>>3 III5A E7 5A@?;9A 5A? + .!$$
>
01enero 04/01/2015 9:00 Pรกgina 53
" ( !,=?0> :9>@7?,= ;=JC48,> >0>4:90> 0 , 3 @H, /4/F.?4., $=:D0..4J9 :7:<@4: =,?@4?, & P" '#& &# $7,E, /0 &,9 =,9.4>.: BBB .,5,>:7 0> =0>0=A,> 09.,=?0;=:/@..4:90> .:8 & ) '07
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
4=424/: $,=?4.4;,9 =,964 @,9 &:?: !,90?0 0 >8,07 !:9?:=: +## !O R ' '%# ! 24,D8@>4., 0> & )
;:= !,=4: 07 !,2: 70C4> !072,= $0I@ @A07 /=4F9 !. =::8 3 # 3 =G/4?: ' BBB ,8>8,
:9.40=?:> /4/F.?4.:> /0 &0A477, , F/4E #"# % ! " # /@,=/: %0-:77,= ,7 ?:<@0 !,9@07 %:80=: ,7 .,9?0 D *:7,9/, :=09E: !Q& ! =?01,.?@8 >.:7,=0> /0 $=48,=4, D &# !(" # $ % (& P" =@;: ,?4/:> 91,9?47 D $=48,=4, & "'% &# $=:8:.4J9 /07 3:==: L' & " & ( "' & 91,9?47 D $=48,=4, 490 D 8@9/: ,.?@,7 ! " ( $=48,=4, &# D ,.34770=,?: (" P" &# ,770 ,=,I, '07 BBB .,5,>:7 0> & )
'=,/4.4:9,7 .:9.40=?: 491,9?47 .:9 8K>4., /0 5,EE 30.3, 09 /4=0.?: ;:= 077:> 84>8:> ?:.,9/: ?08,> /0 7,> ;07H.@7,> /0 4>90D D /0 >0=40> /0 /4-@5:> ,948,/:> .:8: :> =4>?:2,?:> D 8@.3,> :?=,> 3 9?=,/, 2=,?@4?, ++ #%" % %:/4: $:7H2:9: 49/@>?=4,7 ,7:920 E:9, ,9>,> 4?D 5@9?: , $0@20:? '07 BBB 5,EE.:= 90=>0A477, .:8 & ) " P;0=, 49>?=@ 809?,7 D 9,==,/, 4A0=?4/, :-=, 8@>4.,7 =0;=0>09?,/, ;:= 7:> ;=:;4:> 49>?=@809?4> ?,> <@0 /0>,==:77,9 7, ,..4J9 >:-=0 07 0>.0 9,=4: , ?=,AG> /0 7, 8K>4., D >@> 8:A4 8409?:> .:9 7, ,D@/, 0A09?@,7 /0 @9, 9,==,/:=, D 3 R & ! !#% "'%# ( '(% ! " # @9, '07 BBB .,>,/07,808:=4, 0> & )
01enero 04/01/2015 9:00 Pรกgina 54
O! (! (& ! 06 ,6 % ! ' '%" P% " @ <,8 ,:4>E8 AAA >0,><9.9</9-, .97 P% "
&E-,/9 '06
3
974829
B
3
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
! ! ( G, '0,><9 #,<,G=9 0 , ,H9= ! ! ( ! 'O! G, /0 ,<48, 966,G8 0 , ,H9= ! ! " G, , ?,=, 4<.9 '0,><9 0=/0 ,H9=
=:0.>E.?69 481,8>46 7?=4.,6 G, , ,<,H, '0,><9 :,<>4< /0 ,H9= 64.4, <97:0 69 .6E=4.9 B =0 ,@08>?<, , 06024< , ,.>?,< B =0< 64-<0 , =0< ?8, 84H, ,8>0= ;?0 ?8, :<48.0=, 3 84H9= R ,/?6>9= R !'%" '!' @/, #,<;?0 /0 0=:0H,:0<<9= '06 AAA ,>,6,B, >8> .97 & )
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
# (8 7?=4.,6 2084,6 % ! ' '%" P% " @ <,8 ,:4>E8 '06 >0,><9.9</9-, .97 P% "
! ! N% " ) G, #,>, '0,><9 #,<, >9/9= 69= :J-64.9= 3 #( % '" (! ( !'" "! ( G, '0,><9 #,<,G=9 #J-64.9 1,7464,< B 3 # '" * '( #N! $?,=,< '0,><9 :,<>4< /0 ,H9= B 3 /06 .4.69 @4>,6 !" '<,2,602?,= '0,><9 :,<>4< /0 ,H9= B 3 & ,.>9<G, '0,><9 :,<>4< /0 ,H9= B 3 R ' '%" % * .302,<,B '06 AAA >0,><90.302,<,B .97 N
01enero 04/01/2015 9:00 Pรกgina 55
$%5'2 ) % %=25 5'2/%4)5
; ; , %0-/-%4 ? ,
() %(4-( ) % %=25 5'2/%4)5 ; ; , %0-/-%4 ? ,
>4(2&% )5() %=25 5'2/%4)5 ; ; , %0-/-%4 ? ,
:64)0 ? % %1',% ? 1(%/ ) % %=25 5'2/%4)5 ; ; , %0-/-%4 ? ,
4%1%(% ) % %=25 5'2/%4)5 ; ; , %0-/-%4
? ,
")8-//% </+-'% ) % %=25 5'2/%4)5 ;
; , %0-/-%4 ! ? ,
$%/)1'-%1% ) % %=25 5'2/%4)5 ; ! ; , %0-/-%4 ! ? ,
%6%/7=% )5() %=25 5'2/%4)5 ; ! ; , %0-/-%4 ! ? ,
$%5'2 )5() %=25 5'2/%4)5 ; ! ; , %0-/-%4
! ? ,
! -=25 @ (7/625 @ " ; ()5'7)162 $ # # #)%642 23) () $)+% ; 999 +)1)4%/6-'.)65 '20 $ # # #! ()5() ,24% %16)5 () '%(% *71'->1 5- 12 5) %+26%1 )1 /% $)16% 16-'-3%(%
4<(-62 ")8-//% #)/
6%/%0)(% 5)8-//% 24+ 999 6)%642%/%0)(%5)8-//% 24+
01enero 04/01/2015 9:00 Pรกgina 56
6503 03(& !&1&%" "55&340/ %*503*"-
-"/&5" <(*/"4
3&$*0
" #&--&;" %& *-&/" 5".#*=/ '6& 46 1&3%*$*@/ 0/7&35*%" &/ &4$-"7" 4&96"- %&4%& -" "%0-&4$&/ $*" */5&/5" )6*3 $6"/%0 .6&3& 46 1305&$503 6/ ."(/"5& %& -" $0.6/*$"$*@/ 26& 46'3& 6/ '"--0 $"3%*"$0 .*&/53"4 )"$& &- ".03 $0/ &--" / 46 "/(645*04" '6(" 4& $36;" $0/ -04 ;6-&4 6/ 53>0 %& +645*$*&304 '03."%0 103 &- 1&3*0%*45" 0.<4 3*;.&/%* -" 10->5*$" .&-*" "7"330 : &- &41&$*" -*45" &/ "-5" 4&(63*%"% "*.& &.64 --04 %&4& "/ -*#&3"3-" 1&30 *-&/" (6"3%" $0/ 3&$&-0 6/ &41*/040 .*45&3*0 26& "5&403" &/ 46 -*#3&5" /&(3" : 26& 4610/& 46 4"-7"$*@/ : 40#3& 50%0 46 7&/ ("/;" "/"%03" %&- 3&.*0 -"/&5" /04 &/$0/ 53".04 "/5& /07&-" %& "$$*@/ : ".03 26& %&/6/ $*" -04 "#6404 %& 10%&3 : -" $03361$*@/ 1&30 26& 40#3& 50%0 /04 .6&453" &- "-." "#*&35" %& 6/" .6+&3 7&+"%" $0.0 5"/5"4 053"4 &/ 6/ .6/%0 $"%" 7&; .<4 (-0#" -*;"%0 6 "6503 03(& !&1&%" "55&340/ &$0/0.*45" : 40$*@-0(0 )*;0 ."&453>" &/ -" -"$40 "$6-5"% "5*/0".&3*$"/" %& *&/$*"4 0$*"-&4 : &456%*04 %& %0$503"%0 &/ *&/$*" 0->5*$" &/ -" 03#0/" %& "3>4 6/%@ : %*3*(*@ -" 3&7*45" >" *&5& : &4 "/" -*45" &/ 3"%*0 5&-&7*4*@/ : 13&/4" &4$3*5"
6503
"630
6*--=/ : %3*"/ 4$)0&(- %*503*"-
<(*/"4
3&$*0
" $0/$&/53"$*@/ #"/$"3*" $0.A/ &/ 50%04 -04 1">4&4 &/ #64$" %& &$0/0.>"4 %& &4$"-" : 104* $*0/&4 %& %0.*/*0 10%3>" &91-*$"3 1"35& %&- $3& $*.*&/50 %&- "/$0 "/5"/%&3 &30 &- &/03.& 4"-50 $6"/5*5"5*70 '3&/5& "&- 0530 (3"/ #"/$0 &41"?0- 5*&/& 6/"4 $"64"4 &41&$>'*$"4 -" $0.#*/"$*@/ %& &9$&-&/5&4 &26*104 %& 130'&4*0 /"-&4 #"/$"3*04 26& 4& )"/ */$03103"%0 3&$*&/5& .&/5& -" *%&/5*'*$"$*@/ 70-6/5"3*" %& -04 &.1-&" %04 $0/ 6/ &45*-0 1&340/"- 26& 4& &+&.1-*'*$" $0/ &- 640 %& -" $03#"5" 30+" B&- :6(0 30+0B : -" 130 1*" 1&340/"-*%"% %& 46 .<9*.0 %*3*(&/5& .*-*0 05>/ 26& "6/"#" 6/" *.13&4*0/"/5& ".#*$*@/ : 5&/"$*%"% $0/ 6/ &45*-0 %& /&(0$*"$*@/ : %& (&4 5*@/ '3>0 & *.1-"$"#-& @-0 %04 130'&403&4 %& -" )"350/ 64*/&44 $)00- %&4%& -" -&+"/>" : -" */%&1&/ %&/$*" 26& %" 6/" 13&45*(*04" 6/*7&34*%"% ".&3*$"/" 10%>"/ "53&7&34& " 1&/&53"3 $0/ 0#+&5*7*%"% : 130'6/%*%"% &/ &45" "1"4*0/"/5& "7&/563" "630 6*--=/ : %3*"/ 4$)0&(- "/"-*;"/ &- /"$*.*&/50 : &91"/4*@/ %& &45& #"/$0 &45& 3&$033* %0 46."/ &- '"--&$*.*&/50 3&1&/5*/0 %& .*-*0 05>/ : -04 3&504 26& 5*&/& "- '3&/5& 46 )*+" /" $0.0 )&3&%&3" %& 6/ *.1&3*0 26& " #6&/ 4&(630 4&(6*3< 53"#"+"/%0 103 461&3"34& : /"7&("3 103 /6&704 %&4"'>04
6503
"5)-&&/ &%8*$, %*503*"-
"&7" <(*/"4
3&$*0
&4%& 464 */*$*04 -" /"563"-&;" "1"4*0/"%" %& &3&4" %& C7*-" : 46 */5&/4*%"% : &/&3(>" -" --& 7"30/ " 4&3 6/" .6+&3 %&5&3.*/"%" " -0(3"3 50%0 -0 26& 4& 130164*&3" &3&4" &3" 6/" '*3.& )*+" %& -" (-&4*" : %& 46 =10$" : &40 -" $0/7&35>" &/ 6/" 46." .6: )6."/" %& $0/53"%*$$*0/&4 '6& 6/" 03("/*;"%03" 13<$5*$" : &'*$*&/5& : "- .*4.0 5*&.10 /0 %6%"#" &/ 4"-5"34& -"4 3&(-"4 %& -" 7*%" .0/<45*$" $0/ &- '*/ %& $0/4&(6*3 464 0#+& 5*704 .*&/53"4 *#" 6/ 1"40 103 %&-"/5& %& -" /26*4*$*@/ / &45" )*4503*" '"4$*/"/5& -" "6503" /04 .6&453" 6/" "/5" &3&4" .<4 $0.1-&+" : " -" 7&; .<4 $&3$"/" %& $@.0 /04 -" )"/ 13&4&/ 5"%0 )"45" ")03" 04 .6&453" " -" .6+&3 1*"%0 4" : .6/%"/" #"+0 -" -6; %& -" 4&$6-"3 *$0/0(3" '>" %& -" "/5" 45" 0#3" $0/45*56:& 6/" %& -"4 #*0(3"'>"4 .<4 &95&/4"4 : 3*(6304"4 26& 4& )"/ 16#-*$"%0 40#3& &45& 1&340/"+& 46 "6503" &%*503" -*5&3"3*" )" %&%*$"%0 26*/$& "?04 %& 46 7*%" " */7&45*("3 40#3& &3&4" %& C7*-" / &45" #*0(3"'>" 4& "1035"/ %"504 /6&704 40#3& -" 7*%" %& -" 1305"(0/*45" 40#3& 50%0 &/ -0 3&'&3&/5& " -" 3&-"$*@/ $0/ 46 1"%3& %&.<4 &- )&$)0 %& 26& -" "6503" 4&" +6%>" "6/26& /0 13"$5*$"/5& "103 5" /6&7"4 1&341&$5*7"4 " -" %*.&/4*@/ %& -" 4"/5" %& &3&4" %& &4A4
01enero 04/01/2015 9:00 Pรกgina 57
<;69 <30,5 (0),*2 +0;690(3
+(-
B.05(:
9,*06
L
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
<;69 <0: ,95<+( 3<:;9(*065,: #/,33,@ 044,3:;,05 +0*0F5 +, ,+96 $(),95,96 B.05(: 9,*06 L :;( ,: 3( 7904,9( ,+0*0F5 4<5+0(3 03<:;9(+( +, *56: :;B *65*,)0+( D5;,.9(4,5;, +,:+, ,3 4<5+6 +, 3( 03<:;9(*0F5 #<765, <5( 04769;(5;, (769;(*0F5 .9B-0*( 8<, ;9(5:769;( 3( 6)9( ( <5( +04,5:0F5 =0:<(3 /(:;( (/69( 05C+0;( 6: +0)<16: +, #/,33,@ 044,3:;,05 3(: 3D5,(: +, :< ;9(A6 3, (E(+,5 <5( =0:0F5 05<:<(3 ( 3( =,A 8<, 3( /(*,5 7(9;D*07, +, <5( (7(:065(5;, 4,A*3( +, (9;,: : ,3 :,?;6 ;D;<36 +, 3( *63,**0F5 6,;(: @ 0<+(+,: 8<, +090., *646 ,+0;69 @ +09,*;69 .9B-0*6 ,+96 $(),95,96 3 30)96 9,*6., 79F36.6: +, <306 (5<,3 +, 3( "6:( &0*,5;, !<09(9;, 5;6506 "0=,90 $(9(=0336 (4,: &,3,5+,9 @ 5( '(5.<(: K3=(9,A +, $63,+6 <0: ,95<+( #,=033( J C?0*6 ,: 8<0AB: ,3 76,;( 4B: (3,1(+6 +, 3( ,5,9(*0F5 +,3 :0 )0,5 56 (1,56 ;6;(34,5;, ( ,33( #< 76,:D( ,: <5( 76,:D( +, 3( 4,+0;(*0F5 ):,:065(+6 *65 :<: 9,*<,9+6: :,=033(56: ,3()69( *56: *<@( 7904, 9( ,+0*0F5 +(;( +, 7,96 8<, *<,5;( *65 +6: ,+0*065,: 76:;,9069,: (4730(+(: ,5 @ 5 ,:;, 30)96 :, 9,*6.,5 76,4(: +, ,:;(: ;9,: ,+0*065,: 9,:7, ;(5+6 :< 69+,5 690.05(3 8<, 9,*<7,9( 9,*<,9+6: +, :< 05-(5*0( @ 1<=,5;<+ 9,*6.0+6: 769 ,:*90;6 +,:+, 40,5;9(: ,95<+( =0=D( ,5 3( 33<=06:( 9(5 9,;(E( @ (E6 9()( :< *B30+( @ :63,(+( 5+(3<*D( 5(;(3
<;69 K5.,3 (33,:;,96: +0;690(3 ,;9(: +, <;69 B.05(:
9,*06
L
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
01enero 04/01/2015 9:00 PĂĄgina 58
% $%" !! -3 )3 -3 )3 %# ),9- ,- 16: ).696 - ) 0 >>> +1+<: <: -: +1+<: <: -: # &
$-3
5;9),) 31*9- 0):;) +6473-;)9
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
" $ # #-+)
( " " ' $" # - )916 )=1-9 )9+D) <E6A
& $ " " "6,63.6 "-+16 6@) % " " # $ # - 6:C )9D) <8<- @ )9D) 6369-: ")4D9-A 0 $ # & 9.13) >>> );-5-6,-:-=133) -: # &
"-.-9-5;- ,- 3) 76-:D) +65;-476 9B5-) -5 :7)E) 5 -3 )+;6 15;-9=-5,9B5 3) ,19-+;69) ,-3 %# 65+-7+1F5 -95B5,-A @ -3 ,19-+;69 ,- 3) 7<*31+)+1F5 5;6516 "1=-96 $)9)=1336 ,-4B: 7)9;1+17) +1F5 ,- )3/<56: +63)*69),69-: -5 -:;5G4-96 8<- 3--9B5 :<: 76-4): 0 %# ),9- ,- 16: $-3 >>> +1+<: <: -: # & # %" ;15;) 0
# " !"L ! - ").)-3 #B5+0-A , !<9)
! " # " # " - 6:C "<1A );) !9-:-5;) -3 -:+91;69 #)<36 "<1A 69-56 0 & & " ! ( " ,- !)63) K3=)9-A @ 3),6: "-5)+-9 6:+<96 ,- 31::) 965;- ) 79-:-5;)+1F5 +699-9B ) +)9/6 ,</-51) 69),) ,1;691)3 9-),69-: ,:<-E6: 0 # " L 1+36 ,- 76-:D) 0 " "L -=D-: $-3 >>> 3)+)9*65-91)3-=1-: *36/: 76; +64 # &
3.65:6 14C5-A "64-96 -5;96 ,)E6: ,-:7<C: 695),): :6*9- 3) =1,) @ 3) 6*9) ,- 3.65:6 14C5-A "64-96J 0 % M " & M !A) ,-3 !63=69F5 # >>> .<5,)+165.-95)5,6=1 33)365 -: "M " $ "
!9-:-5;)+1F5 ,-3 5H ,- -:;) 9-=1:;) 7)9) -3 )5B31:1: ,- 3) +<3;<9) @ -3 ;-991;6916 0 # $ $% M K ( !):-6 )936: $-3 >>> <+) -: K (
01enero 04/01/2015 9:00 Pรกgina 59
) #%" & &# % #!(" Q" + $#%' 18 :?/>5</5L: 3>-@A5@- A>-:/5L: 4 (' #!(" <A/5; ? : '18 CCC /;9A:5/-/5;:E01<;>@1 ;>3 /;9A:5/-/5;:E01<;>@1 39-58 /;9 & )
-8
4 Q" B1:50- 9I>5/; )1?
A>-:@1 @>1? 0J-? 1: 18 &-8L: 01 >-0;? 01 8-/A8@-0 01 ;9A:5 /-/5L: ?1 881B->H: /-.; 8-? ) ;>:0-? &;.>1 ;9A:5//5L: E 1<;>@1 =A1 :-/1: /;: 18 ;.61@5B; 01 /;:B1>@5>?1 1: A: /;9<8191:@; - 8- 2;> 9-/5L: 1?<1/5-85F-01: 18 1?@A05; 01 8-? >18-/5;:1? 1:@>1 8/;9A:5/-/5L: E 18 01 <;>@1 E -?J 1B5@-> 18 1?/-?; @>-@-951:@; >53A>;?; - :5B18 -/-0I95/; E /51:@J25/; =A1 @51:1 1: 8- -/@A-850-0 ?J 1?@-? ;>:-0-? BA18B1: <->- /;:B1>@5>?1 1: A: 2;>; 01 01.-@1 ?;.>1 8-? >18/5;:1? 1:@>1 8- /;9A:5/-/5L: E 18 01<;>@1 /;9; 4- B1:50; ?A/1051:0; 1: 8-? -:@1 >5;>1? ?51@1 105/5;:1? $->- 188; /;:@->H /;: 8- <->@5/5<-/5L: 01 01?@-/-0;? <>;21?5;:-81? 018 H9.5@; 01 8- /;9A:5/-/5L: E 018 01<;>@1 /;9; $-8;9- 018 %J; 05 >1//5L: 01 1<;>@1? 01 ') ; !->J- $A6;8 @>5-@81@- <>;21?5;:-8 E 1:@>1:-0;>- <1> ?;:-8 1:@>1 ;@>;? -? ;>:-0-? <>1@1:01: 59<A8?-> 8;? -:H85?5? />J@5/;? -8>1010;> 018 21:L91:; 01 <;>@5B; 01?01 8-? <1>?<1/@5B-? /51:@J25/-? 01 8- ;9A:5/-/5L: E 01 8- /@5B50-0 J ?5/- E 18 1<;>@1 - 8- B1F =A1 0->H - /;:;/1> 1D<1>51:/5-? 881B-0-? - /-.; <;> <>;21?5;:-81? 01 0521>1:@1? 9105;? 01 /;9A:5/-/5L: 1 5:?@5@A/5;:1? =A1 01?1:BA18 B1: ?A -/@5B50-0 1: >18-/5L: /;: 18 01<;>@1 ?@-? ;>:-0-? 4-: ?50; ;>3-:5F-0-? <;> 8- (:5B1>?50-0 01 &1B588- 18 )5/1>>1/@;>-0; 01 %18-/5;:1? :?@5@A/5;:-81? E 18 1<->@-91:@; 01 ;9A:5/-/5L: A05;B5?A-8 $A .85/50-0 E 5@1>-@A>-
91:/@1? $ G B588#&
" G# ( %' '1>@A85- 288 25:-85F-> /-:@1 1:@>1 8;? -?5?@1: % ' ! " %! " &
/->3; 01 !-5?1:5@( "' B 01 &1 CCC 6A-:@-813- /;9
"' %$ % :5/5-@5B- &->-4&<;71: *;>0 9A8@505?/5<85:-> ?<1/@H/A8; J:@59; E ?1:?5.81 =A1 35>->H ?;.>1 8- 253A>018 <;1@- ->8;? 09A:0; 01 #>E E %-2-18 01 LF-> $;> ;?I !-:A18 1>>1>- B;F E ';K; %;0>J3A1F 3A5@->>) #!$ %' $# &P A-@>; <;1@-? 9;@5B-0;>1? 8- <->@5/5<-/5L: B;8A: @->5- 018 <M.85/; -?5?@1:@1 #%" & ! %#%% '#& A-@>; :->>-0;>1? 9;@5B-0;>1? 5:B5@-0;? <M.85/; 4 '% ( B-:3185?@& )
%#& #!# ) "'# $;> !-:A18 ->>50; 01 $5>-@-? 01 816-:0>J?<1/@H/A8; 01 /A1:@;? E :->>-/5L: ;>-8 $#% # N!( % $ , $;> A31:5- !-:F-:1>- 5?@;>5-? 05B1>@50-? 05?<->-@-0-? <;I@5/-? ?1:?A-81? E /;: A: @;=A1 01 5>;:J4 R &$ # ( '(% # #! % '% " -8816L: ;8;9.>1 1:@>1 ?<1>-:F- 01 '>5-:E 1.; 4@@<? 1? 8- 2-/1.;;7 /;9 ?<-/5; A8@A>-8 ;8;9.>1 & )
! 5/8; 01 81/@A>- <->@5/5<@5B- 01 8- ;.>- @1-@>-8 /;9<81@- 018 -A@;> >A?; - <->@5> 018 85.>; '1-@>; ;9<81@; 01 8105@;>5-8 ;?-04 & %# )18-F=A1F '18 CCC /-?-01885.>; /;9 & )
" 1 $-.8; $;>@588; &@>19<18 4 & Q" '#& (" $8-F- 01 8- !->5:- '18 CCC A:5/-6- 1? !O
# ;9<8191:@; - 8- 2;>9-/5L: 1?<1/5-85F-0- 1: 18 1?@A05; 01 8-? >18-/5;:1? 1:@>1 8- /;9A:5/-/5L: E 18 01<;>@1 /;: 1?/-?; @>-@-951:@; >53A>;?; - :5B18 -/-0I 95/; E /51:@J25/; 4 (' #!(" Q" B1:50- 9I>5/; )1?<A/5; ? : '18 CCC /;9A :5/-/5;:E01<;>@1 ;>3 & )
01enero 04/01/2015 9:00 PĂĄgina 60
#
:.14)
" # 6<:),) /:)<=1<) $-4
!# N # # &1-:6-; 0 #-516):17; 8:-+17 P ??? )<-6-7,-;->144) -; # &
&1-:6-; ) 0 $
A &1-:6-; # &
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
% I ; ;1-58:- -4 7:1/16)4 5-27: 9=- 4) ),)8<)+1G6 6 -;<) ;-++1G6 ;- ,-*)<1:C ;7*:- 4) 8-4E+=4) ) !1)61;<) ,- 1+0)-4 )6-3- A 4) 67>-4) 075G615) ,- 4.:1-,- -416-3 0 6<:),) 41*:- 0);<) +7584-<): ).7:7 %# ),:,- 17; $-4 ??? +1+=; =; -; # &
6;+:18+1G6 0);<) ) +=4<=:) 67 8=-,51:): 0)+1) 7<:7 4),7 .:-6<- ) 47; +76<16=7; +)5*17; 9=- ;- -;<C6 8:7,=+1-6,7 +76 4) 8:741.-:)+1G6 ,- 47; #7+1)4 -,1) A 4); =->); $-+6747/E); 7:6),) ;7*:- +=4<= :) A #7+1)4 -,1) -6 -4 %# 8-:;76)41,) ,-; ,-4 .4)5-6+7 -4 +16- A 4) 41<-:)<=:) I!%" # ( %$% $
# #%#
# $ " $%" "N $ " # - ) 0 :)<=1<7 17; $-4 ??? +1+=; =; -; # &
# %#
% $ +-:+)51-6<7 ) 4) +16-5)<7/:).E) <)14)6,-;) ,-;,- 4) 44-/),) ,-4 +16-5)<G/:).7 0);<) 6=-;<:7; ,E); #- )*7:,):C6 +=-;<176-; :-4)+176-; +76 4) :-8:-;-6<)+1G6 +=4<=:)4 1,-74G/1+) ,-4 8)E; ) <:)>D; ,- ;= +16- );E +757 -4 )6C41;1; -;<D<1+7 A <-5C<1+7 ,- =6) ;-:1- ,- 7*:); ;1/61.1+)<1>); %$ % O >-61,) 5D:1+7 &-;8=+17 ;6 $-4 ??? .+75 =; -; # &
"
# " $%" ),:- ,-
# -*)<-; ;7*:4) +:-)+1G6 ):<E;<1+) 0 # " &-4)B9=-B $-4 ??? +);),-441*:7 +75 # &
$-:<=41) ,+16- #- +75-6<):C6 4); 8-4E+=4); )/1) ) 4) 4=B ,- 4) 4=6) ,- '77,A 44-6 -6 +):<4-:) : $=:6-: ,- 13- -1/0 0 # " &-4)B9=-B $-4 ??? +);),-441*:7 +75 # &
!
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
01enero 04/01/2015 9:00 Pรกgina 61
6/@:/A B3;IB71/A < 3AB/ 32717M< : (=@@3M< 23 :/A /07/A $=@ *3</<17= /:I< =@BJA 6 !)' # ! & &3/: 23 :/ :6/;0@/ A < (3: EEE /:6/;0@/ >/B@=</ B= 3A & "
=< 3: /CB=@ 23 /:1M< "35@= C/< $32@= 3:5/2= A>/2/ /:1M< "35@= 3A C</ <=D3:/ 8CD3 <7: 67ABM@71/ /;073<B/2/ 3< :/ <5:/B3@@/ 23: A75:= , 3< :/ J>=1/ 23 :/ 7<D/A7M< <=@;/< 2/ 3< :/ ?C3 3< ;327= 23 :/ 5C3@@/ G :/A :C16/A AC@53 :/ 475C@/ 23: D3@2/23@= 6J@=3 6 ' &# *3:/H?C3H EEE 1/A/23::70@= 1=; (3: ' *
% $3@3H 3@</: #@47:/ ::/ 3A ' *
30/B3 1==@27</2= >=@ =AJ 6 ( " # ' * EEE /B3<3=23A3D7
% < <5:JA / 7<B@=2C117M< 23 3A>3 173A 3FMB71/A 7<D/A=@/A >=@ >/@B3 23: 6=; 0@3 3A 6=G 3< 2K/ C</ 23 :/A >@7<17>/:3A /;3</H/A 1=< ?C3 A3 3<4@3<B/< :=A 31=A7A 6 B3;/A </BC@/:3A G :/ 07=27D3@A72/2 ' " ' D2/ !/@K/ C7A/ A < $/03::=< 23 $3@N (3: ' *
#
% 1/@5= 23 !/@K/ 317:7/ =@?C3@/ /@/;7::= 6 #" ' &* (#& # ')$ & #& !T' ! ") '( # /L=A (3: EEE 0/@3<0=7; A/72 =@5 ' * 1/@5= 23 $/0:= */GM< 3<B@= 23: (/::3@ 23 =<B3FBC/:7H/17M< 7ABM@71= C:BC@/: G >@317/17M< 23 :/ !NA71/ 6 )' !/2@3 23 7=A (3: EEE 171CA CA 3A ' *
/ ::/D3 / C</ D72/ ::3</ 23 >/A7M< =<43@3<17/ >@3 A3<B/17M< 1C@A= !IA !IA M;= 3<13< 23@ 3: 4C35= 23 :/ >/A7M< 6 ' ) !#& ' & # $32@= 23: (=@= 0/8= (3: EEE /;=@A/5@/2= ' * # % =<43@3<17/ A=0@3 :=A 03<34717=A 23 :/ ;327 B/17M< 7;>/@B72/ >=@ :=A ;/3AB@=A 0C27AB/A C3< &7523< G $/1= &C7H <B@/2/ 5@/BC7B/ "(&# ) ()& !#"( %) "(# *3<317/ (3: EEE !327B/3<'3D7::/ =@5 !#"( %) "(# $
$ % <4=?C3 A7ABJ;71= 6 "(&# "( & 1 !/2C3L= 23 :=A 7@3A /<B75C/ 1 /<2C: (:4<=A G EEE 1=<AB3:/17=<3A4/;7:7/ @3AG53AB/:B 1=; 7<4= 13<B@= 7<B35@/: 3A Q ) & #
"
!
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
$
;>/@B72/ >=@ 3: ;=<83 .3< -D3A '6=A67< @3BB/H G =@5/<7H/2/ >=@ 3: =8= .3< 23 '3D7::/ O #P 6 "(&# R* # ' '& " ' :/;32/ 23 3@1C:3A 3<B@/2/ 5@/BC7B/ (3: * ' G @3B7@= 23 >@=4C<27H/17=< 3< :/ >@/1B71/ .3< 27@7572= >=@ 3: !/3AB@= .3< &/>6/3: =9= (@73B < 3: (3;>:= ' -) !=@=< 23 :/ @=<B3@/ <4=@;/17=< 3 7<A1@7>17=< 3< A=B=H3<A3D7 ::/ B3GB3 <3B <717/17M< / :/ ;327B/17M< H3< 5@/BC7B/ 3< 3: =8= .3< '3D7::/ /79= C<3A G ;7J@1=:3A / :/A G ;/@B3A G 8C3D3A / :/A '3 @C35/ /A7AB3<17/ 1=< ;327/ 6=@/ 23 /<B3:/17M< "(&# " ! #@B7H 23 .NL75/ ' *
#@5/<7H/2/A >=@ :/ )<7D3@A72/2 23 '3D7::/ $' # &! (#' ' & # " ' ! "( - $ 1/@5= 23 <B=<7= &=2@K5C3H $716/@2= & ( & )" $&# ! '" '# ) S" 1/@5= 23 &/4/3: 'I<163H !/<B3@= 6 ) )" * &' ( & ! ' &# & # <B75C/ />7::/ 23: =A>7B/: '/< $32@= (3: EEE 1/@;=</ =@5 &!#"
01enero 04/01/2015 9:00 PĂĄgina 62
%$ ! !" === ;),+( ,9 ;),+( J
I
!
"
,2
(2
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
8.(40@(+5 658 362,5 *5453C( ?;4:(30,4:5 +, !,<022( ? ,+,8(*0E4 8:,9(4(2 +, !,<022( 9:, 3,8 *(+5 5-8,*,8 ;4( .8(4 +0<,890-0*(*0E4 +, 5-0 *059 ;,85 5?,8C( ",>:02 2-(8,8C( ,8A30*( (6,2 4*;(+,84(*0E4 8()(+59 593B:0*( 258,9 9,*(9 (3)F !53)8,8,8C( 3(+,8( $0+805 581( ,:(2 ( ( ' # $ ",2 === (8:, 9(40(9,<022(4( 58. ! $
?
856;,9:( *;204(80( 7;, 68,:,4+, +(8 ( *545*,8 2( 807;,@( +, 2( .(9 :85453C( 8,4(*,4:09:( ,:(6( +58(+( ,4 2( /09:580( +, 2( 25*(20+(+ === ;),+( ,9 J
,4+030,4:5 ,658:0<5 >6,80,4*0(9 +;*(:0<(9 ,4 +;*(*0E4 C90*( ! " ! " <,40+( 809:5 ,? 9 4 ",2 J
2 3,8*(+5 5-8,*,8A ;4 (36205 685.8(3( +, :(22,8,9 ? ,96,*:A*;259 3;90*(2,9 ? :,(:8(2,9 6(8( 40D59 ? 3(?58,9 ' ",2 === (?;4*58+5)( ,9 I
,8:(3,4 +, 5+( 2(3,4*( +, !,<022( 4 ,9:( ,+0*0E4 9, *54:(8A *54 259 +09,D(+58,9 -04(209:(9 +,2 *54*;895 +, 45<,2,9 7;, 68,9,4:(8A4 9;9 *52,**054,9 ,4 +,9-02,9 +54+, 9, 65+8A4 (68,*0(8 2(9 4;,<(9 :,4+,4*0(9 6(8( 2( 68E >03( :,3658(+( 59 -54+59 8,*(;+(+59 9, +,9:04(8A4 ( 2(9 ;4+(*054,9 " ! % !(4 ,84(4+5 ! $
01enero 04/01/2015 9:00 PĂĄgina 63
"# -3 >>> 1.-4) -:
)3
=,) ,-3 )9;-5H5
"-3
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
! && !)3H5 5;-95)+165)3 ,- 6,) 3)4-5+)
! (
!
& $ L
"
"#
" #" " J !)3H5 ,-3 $-0F+<36 3D:1+6 ,B76+) @ 63-++1H5 ! !' & ! ! J $ " ' !! " " %%% ' J
F) ,- ) @ ,- ) 0 & ' &&&$ ?76:1+1H5 ,- 6:;-3-9F) @ 9;F+<36: ,3)@) - ) 0 B& " %%% ! ! " ! 0
& ( # -91) ,- 3) -33-A) !)3<, @ 1-5-:;)9 ! L 5 -3 4)9+6 ,- 3) )9);H5 ,- !-=133) & ! !' ! ! ! $ #!# # C# " %%% ! !! $ K
F):
5;-95)+165)3 ,6473-4-5;6:
# & -91) 1,D+;1+) @ ,-3 +16 B & -91) ,- 6/)9 6,) @ -3-*9)+165-: L " ! " %%% B 5;-9)+;1=)
3)
!#" & !)3H5 1:<;-9F) @
' !)3H5 5;-95)+165)3 ,- 6@-9F) @ -362-9F) #9*)5): @ ,- "-5,-5+1): "# -91) 5;-95)+165)3 ,- "<91:46 $ " L "
01enero 04/01/2015 9:00 Pรกgina 64
!
!
%"# % " K !"J $ /5 +5 7<-;39-3H7 2+<=+ /5 9;HA368 /<->/7=8< 9+;+ 9+;/4+< 9+;+.8< B /<=>.3+7=/< % "$ @@@ 5+2>/;=+-87-3/7-3+ /< $/5 3708 5+2>/;=+-87-3/7-3+ /< # " #
,=/7/; ?/;.>;+< B 0;>=+< ./ -+ 53.+. <37 9;8.>-=8< :>F63-8< +G+.3.8< -869;/7./; 6/48; /5 0>7-387+63/7=8 ./5 <>/58 /5 +3;/ B /5 +1>+ :>/ 5+< ;8./+ B -87</1>3; >7 /:>353,;38 /-85H13-8 <87 58< 9;37 -39+5/< 8,4/=3?8< ./5 >;<8 +7>+5 ./ 1;8/-8581F+ !;D-=3-+ :>/ 8;1+73C+ + >/;=+ 87 3/7-3+ %7+ 898;=> 73.+. ./ -869;/7./; 5+ 6/=8.858 1F+ ./5 ->5=3?8 /-85H13-8 B 58< 9;8-/<8< +6,3/7=+5/< 36953-+.8< /7 /5 0>7-387+63/7=8 ./ >7+ C87+ ./ ->5=3?8 63/7 =;+< </ .3<0;>=+ ./ 5+ ;/-85/--3H7 B /5 -87<>68 ./ 58< 9;8.>-=8< :>/ .+ 5+ 2>/;=+ ) <3/69;/ >=353C+7.8 =E-73-+< ,D<3-+< ./5 ->5=3?8 ./ 28;=+53C+< :>/ ;/<9/=/7 =+7=8 5+ <+5>. -868 /5 6/.38+6,3/7=/ 5 ->;<8 </ ./<+;;855+ /7 .8< ,58:>/< 98; >7+ 9+;=/ -87=3/7/ -5+</< =/H;3-8 9;D-=3 -+< 1;>9+5/< + =;+?E< ./ 5+< ->+5/< </ 9;80>7.3C+;D /7 /5 =/6+;38 B 98; 8=;+ -+.+ +5>678 -87=+;D -87 >7+ C87+ +1;F-85+ 9/;<87+5 0+-353=+.+ .>;+7=/ /5 ->;<8 9+;+ :>/ 9>/.+7 55/?+; + 5+ =3/;;+ 58< -878-363/7=8< +9;/7.3.8< /7 5+< -5+</< +< ?/;.>;+< B 0;>=+< /-85H13-+< 0;>=8 ./ /<=+< -5+</< 9;D-=3-+< 98.;D7 55/?D;</5+< + -+<+ ./6D< /5 ->;<8 37-5>B/ =8.8 58 7/-/<+;38 9+;+ /5 ->5=3?8 ./ 5+ =3/;;+ ./<./ </6355+< /-85H 13-+< ./ 28;=+53C+< B +;86D=3-+< 2+<=+ 5+< 2/;;+63/7=+< ./ 5+,;+7C+ 9+<+7.8 98; /5 +,878 B 8=;8< 6+=/;3+5/< 7/-/<+;38< 9+;+ /5 -8;;/-=8 0>7-387+63/7=8 ./ >7 2>/;=8 5 037+53C+; /5 ->;<8 58< +<3<=/7=/< <+,;D7 1/<=387+; B 95+7303-+; >7 2>/;=8 +./6D< ./ -878-/; <> 0>7-387+63/7=8 -868 +1;8<3<=/6+ $;+< +.:>3;3; =8.+< 5+< 2/;;+ 63/7=+< 7/-/<+;3+< 9+;+ /5 +9;/7.3C+4/ B .3<0;>=/ /A9/;36/7=+;D7 /</ 95+-/; ./ ->5 =3?+; <>< 9;893+< ?/;.>;+<
3</G8 / 37<=+5+-3H7 ./ >7 /<9+-38 /<-E73-8 .3<=;3,>3.8 #/ +9;/7./;D + .3</G+; -87031>;+; / 37<=+5+; >7 -+7+5 ./ =/5/9;/</7 -3+ /7=;/ =;/< /<9+-38< ;/68=8< =;+?E< ./ /<=/ -+7+5 </ 98.;D7 =;+7<63=3; /7 =3/698 ;/+5 </G+5/< ./ +>.38 ?F./8 B .+=8< 7<-;39-3H7 2+<=+ M M -86>73.+. >73?/;<3=+;3+ %# +.;/ ./ 38< $/5 @@@ -3->< >< /< # &
$
" 2
M
L
87 6D< ./ +G8< ./ /A9/;3/7 -3+ #+6+2 /< 9387/;+ 37=/;7+-387+5 /7 5+ .+7C+ ./5 ?3/7=;/ B <853<=+ 9;80/<387+5 ./ /<=/ 1E7/;8 /7 9+F</< D;+,/< 69+;=/ -5+ </< ;/1>5+;/< 9+;+ =8.8< 58< 73?/5/< 37-5>3.8 9;80/<387+5 $/5 <+6+2*</?3 55+ 28=6+35 -86 # &
# " !
$ " % # " ! )'$ 2 M $ " $ $ # #$" ## 2 M $ " ) %$ 87 >;3+ 87C+5/C 2 $ " ( 2 M $ " "& # # 2 M 7-5>B/ =8.8< 58< 6+=/;3+5/< /<I< ./5 ;+7 !8./; $/5 @@@ <@/ /=->=/+7.-885 -86 #/?355+
5+</< ./ +7C+ J;+,/ B 5+</< ./ 5+6/7-8 -87 234/+ 87<>5=+; 9;/-38< B 28;+;38< # L " $/5 @@@ .+7 C+8;3/7=+5</?355+,581<98= -86 # &
01enero 04/01/2015 9:00 Pรกgina 65
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
01enero 04/01/2015 9:00 Pรกgina 66
! # & ' ' ) !! (07 491: 107/091=,4>>0A477, 0> ' ) !!
BBB 107/096=,4>>0A477, 0>
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
01enero 04/01/2015 9:00 Pรกgina 67
09?=: /0 *:2, 0>;0.4,74 $# E,/: 09 *:2,?0=,;4, D 49/1@790>> .:9 "=:10>:=0> ?4?@7,/:> D >,7,> 09 ;709: .:=,EJ9 /0 $0A477, 7,>0> /0 *:2,?0=,;4, ,?3, *:2, '49D,>, *:2, D >3?,92, *:2, "47,?0> 34 6@9 D %,4 34 :=8,.4J9 0=?414.,/, "=:10>:= /0 (492 3@9 "=:10>:= /0 346@9 D %,4 34 *:2,?0=,;4, .:9 '4.?:= :=0=, :.@>492 %G.94.: 09 @?=4.4J9 D ,>,50 D@=AG/4.: 9>?=@.?:= /0 *:2, 49F84.: '49D,>, D >3?,92, .:9 #4.,=/: 0==0= %,770=0> .:9?49@:> *:2,?0=,;4, ;,=, 07 9>:894: 9/1@790>> $# *:2, :=8:9,7 346@9 D %,4 .34 .:9 (&% $0A477, :9>@7?,> :,.3492 %=,9>;0=>:9,7 D@=A0/, 4>4:?0=,;4, D .@;@9?@=, 3,=7,> 0A09?:> D 7<@470= /0 0=J948: 0=9F9/0E , $,7,> 9.,=9,.4J9 %07 BBB 0>,9,D:2, 0> $ ' %,770= :.49, 90=2G?4., ' , 7,> 3 @=>: 9?=:/@..4J9 ,7 %,9?=, ' /0 , 3 %,770= :.49, .:A020?,=4,9, ' , 7,> 3 %,770= 9?09>4A: , :=,E, "G7A4., $ /0 , 3 %,770= 7,-:=,.4J9 /0 ;,9 ' , 7,> 3 %,770= 0/4.49, /07 78, 9?@4.4J9 7 /4:8, =0,?4A: 9?0=4:= $ /0 , 3 A40= 90> ;=0A4: .3,=7, 2=,?@4?, /0 ;=0>09?,.4J9 , 7,> 3 7,>0> >08,9,70> +@8-, D ) , 3 D /0 , 3 "47,?0> /0 08-,=,E,/,> /0 , 3 "47,?0> ;:> ?;,=?: /0 , 3 "47,?0> D ) /0 , D /0 , 3 D /0 , 3 D , 3 346@92 ) /0 , 3 /0 0/4?,.4J9 +09 /0 , 3 0/4?,.4J9 @/4>?, ) /0 , 3
D092,= *:2, D ) /0 @4> /0 ',=2,> %07 $ '
,
3
4A07 ,A,9E,/: 8;,=?4/: ;:= 0=,=/: #:/=H2@0E @09?0> D & ! % # 71:9>: 07 $,-4: -,5: % BBB ,@7,7,8:9?0=, .:8 $ ' %,770=0> 49?0=,.?4A:> &9, :.,>4J9 ;,=, .:8;,=?4= 0C;0=409.4,> D .:9:.48409?:> >:-=0 ?08,> ;=F.?4.:> ;,=, 07 ,78, D 07 .@0=;: 3 9?=,/, 2=,?@4?, ! $ $ ! % :;0 /0 ' '02, ;0=;09/4.@7,= , :>G ,2@477: BBB A,.,.4:90>/0>.:90. %07 ?, .:8 $ '
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
01enero 04/01/2015 9:00 Pรกgina 68
A>?; 9;:;3>I25/; 01 $10-3;3K- &5?@J95/9<->@50; <;> P:318 '>53A1>;? ( 82;:?; 18 &-.5; .-6; !#"' % ' CCC -A88-9;:@1>- /;9 & )
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
#:85:1 .51>@; <8-F; 01 <>1 5:/>5</5M: ;951:F; -.>58 01 'K@A8;? <>;<5;? 01 8- (:5B1>?50-0 01 &1B588- 59<->@50;? - 05?@-:/5- :2; 1:@>; 01 ;>9-/5M: $1>9-:1:@1 01 8- (:5B1>?50-0 01 &1B588- $-?1; 01 8-? 185/5-? $-.188M: 01 !JD5/; (" ) %& & ) CCC /2< A? 1? & )
8-?1? 01 -@- 01 /;8- /;: A5?- $-8-/5; 8;? ! E 01 4 :5/5-/5M: -8 28-91:/; <->- -0A8@;? 8;? E * 01 /;: ;8-9->588; E ! E 01 /;: 1-@>5F &-:@5-3; 8-91:/; !105; B-:F-0; @;0;? 8;? 0K-? 01 - 4 /;: -B50 $J>1F 8-91:/; 9105; 01 - * 01 - 4 /;: -B50 $J>1F E -581 <;> A81>K-? E 251?@- 8;? E * 01 - 4 8-91:/; 5:5/5-/5M: <->:5L;? 8;? ! 01 - 4 /;: 1-@>5F &-:@5-3; E &1B588-:-? <->- :5L;? 8;? E * 01 /;: ;8- ->-9588; A>?588; 5:@1:?5B; 01 .-581 /;: ->@5?@- 5:B5@-0; O E O ?19-:- 01 1:1>; 8-?1? 01 3A5@->>- 2891:/- /;: !1>; 9-0;> <>5B-0-? E 3>A<81? @;0- 8- ?19-:- -881@ /8I?5/; /;: :-18 !->@K: 8;? * E ) 01 E E * 01 - 4 -?@588'>5-:- '18 & )
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
;: 9I? 01 -L;? 01 1D<1>51:/5- 8- 1?/A18- ?1 05? @5:3A1 <;> ?A /-850-0 8- <>1<->-/5M: 01 ?A <>;21?;>-0; :-@5B; E 8- 91@;0;8;3K- <>;<501 8- >10 5:@1>:-/5;:-8 :@1>:-@5;:-8 ;A?1 A>?;? 01 5:38J? 2>-:/J? -819I: 1?<-L;8 /45:; 6-<;:J? <;>@A3AJ? 1 5@-85-:; <->-0A8@;? 2;>9-/5M: 1: 19<>1?-? /A>?;? E ' 2;>9-/5M: 01 <>;21?;>1? 01 1?<-L;8 1 5:38J? ?@1 -L; -019I? ;2>1/1 .;:;? 01 /;:B1>?-/5M: E @-881>1? 01 ;>51:@/5M: <->- .N?=A10- 01 @>-.-6; 1: A: <-K? 01 4-.8- 5:381?- $->- :5L;? E 6MB1:1? 81?/A18- ;2>1/1 /A>?;? 01 5:38J? 2>-:/J? E -819I: @;0; 18 -L; 019I? /A>?;? 1: 18 1D@>-:61>; <->- :5L;? E -0A8@;? @;0; 18 -L; - 1?/A18- @51:1 /1:@>;? 1: &1B588- E I05F 8.->106A:@; - $8-F- "A1B- '18 & ) /-/5-? -4K- 8-:/- '18 P , CCC /85/ 1? CCC /-05F505;9-? /85/ 1? & ) + P , $>;3>-9- 9A?5/-8 <->- :5L;? 01?01 -L;? 8 /;2>1 9A?5/-8 2;>9-/5M: <>I/@5/- E 05B1>@50- 1: 8- =A1 8;? :5L;? 1?/A/4-: @;/-: 1: 18 @1/8-0; >5@9;? 4-/1: @1-@>; 9A?5/-8 E 01?->>;88-: 18 @-81:@; 8- 919;>5- E 8- /;:/1:@>-/5M: B0819-:5;? 1>916-81? '18 CCC @419A?5 /4;A?1 1? & )
01enero 04/01/2015 9:00 Pรกgina 69
927G> 1=,9.G> D ,708F9 "4I:> /0>/0 ,I:> , ,/@7?:> ',8-4G9 49?09>4A:> ?=480> ?=,70> CF8090> /0 ,8-=4/20 '07 491: 08,.,=09, .:8 & )
4A0=-: 4/> '009> , 805:= 1:=8, /0 ,;=09/0= 4927G> 0> /4A4=?4G9/:>0 0 , ,I:> =@;:> 8@D =0/@.4/:> ;=: 10>:=0> >408;=0 9,?4A:> $,=, ,/@7?:> -40=?, 8,?=H.@7, ;,=, 7,>0> /0 927G> 09 2=@;:> =0/@.4/:> /0 8FC48: ,7@89:> ;=:10>:=0> >408;=0 9,?4A:> ',8-4G9 ?0 ;=0 ;,=,8:> ;,=, 0CF8090> :14.4,70> ) % # $,>0: /0 7,> 074.4,> /414.4: =4>?49, '07 BBB /4A0=-: 0> & )
7 ;=480=: ?4090 07 :-50?4A: ;=49.4;,7 /0 ;=: ;:=.4:9,= 7,> 9:.4:90> 90.0>,=4,> <@0 9:> ;0=84?,9 /0>09A:7A0=9:> 09 7, A4/, /4,=4, /0 !,==@0.:> 7 >02@9/: :1=0.0 7:> .:9: .48409?:> 90.0>,=4:> >:-=0 20:2=,1H, >:.4:7:2H, D ,.:9?0.48409?:> 34>?J=4.:> 8F> 48;:=?,9?0> ,/08F> /0 3F-4?:> 8:/:> /0 A4/, D 9:.4:90> /0 7092@, F=,-0 07 ,7 (" L" '% & ( '(% & !,C $7,9.6 >7, /0 , ,=?@5, '07 BBB ?=0>.@7?@=,> :=2 & )
!,?=H.@7, ,-40=?, .@=>:> @=>: >;0.4,7 &0/0 /0 CF8090> /0 0=?414.,.4J9 #14.4,7 @=>: >;0.4,7 :=8,.4J9 /0 $=:10>:=0> /0 ?,74,9: &4 ?=,0> , @9 ,842: /0>.@09?: 09 ?@ .@=>: 0>.@09?:> ;,=, /0>08;70, /:> 0.,> ;,=, .@=>:> 09 ?,74, =@;:> =0/@.4/:> $=:10>:=0> 9,?4A:> D ?4?@7,/:> @=>:> ;,=, 08;=0>,> ':/:> 7:> 94A070> !,?409E: ,>, /0 7, !:90/, '07 BBB .09?=:.@7?@=,74?,74,9: .:8 & )
7@- /0 70.?@=, D /0 74?0=,?@=, 2=0.:7,?49, %0,74E,.4J9 D D D M 7 ;=0.4: 49.7@D0 8,?0=4,7 D D ?=0> /0 7:> 74-=:> ;=:;@0>?:> 0 , 3 8;,=?4/: ;:= =,9.4>.: ,=.H, ':=?:>, (74>0> >02K9 7, .=H?4., 8F> =0;@?,/, 0> 7, 805:= 9:A07, 0>.=4?, 09 4927G> 09 07 >427: ** 9>.=4;.4J9 3,>?, %0,74E,.4J9 D D D D D M 7 ;=0.4: 49.7@D0 @9 0508;7,= /07 (74>0> 0 3 (& !,/=0 /0 4:> '07 BBB .4.@> @> 0> & )
',770= /0 ;0=4: /4>8: .@7?@=,7 3 (" L" %# #" ,-,770=:> '07 BBB 1.-:9,7/ .:8 % + %#"' %
01enero 04/01/2015 9:00 Pรกgina 70
# """ %=G/?5/- /:71/?5A01 7- 58;=:A5>-/5K9 19 6-EE @=-9?1 7:> 81>1> 01 -.=57 8-D: D 6@95: >1 =1-75E-=G9 6-8 >1>5:9> >18-9-71> 01 2:=8-/5K9 7->1> 01 7@91> - A51=91> 19 4:=-=5: 01 ?-=01 ':75/5?@01> 4->?- 17 &1-75E-/5K9 01 91=: - @95:
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
!
7->1> ;-=- .-.D> -J:> :9 ;=:21>:=1> 1>;1/5-75>?-> 01>01 4-/1 -J:> 19 17 ?=-.-6: 8@>5/-7 /:9 95J:> 7 :.61?5A: 1> 7- 595/5-/5K9 19 7- 8L>5/- - ?=-AH> 01 7- ;=G/?5/- /:9 @9 59>?=@819?: (:/-9 /:9 7- -.D -EE -90 7->1> ;-=- 6@95:=> -J:> %1=21/?: ;-=- <@519 D- 4- =1/5 .50: /7->1> 01 >:721: D 01 59>?=@819?: ;1=: ?-8.5H9 ;@1019 59?13=-=>1 -7@89:> /:9 .@19 :I0: D /@-750-01> ;-=- ?:/-= -@9<@1 9: ?193-9 ?:0-AI- 1>?@05:> 01 8L>5/(:/-9 19 7- @95:= -EE -90 7->1> ;-=-0@7?:> 9 /@-?=: 95A171> 595/5-/5K9 .G>5/: 59?1=8105: -A-9E-0: D /:9 7- ;:>5.5750-0 01 ?:/-= 19 7:> 0521=19?1> /:8.:> 9>?=@819?:> ;5-9: 3@5?-==- A:E /:9?=-.6: .-6: >-C:> .-?1=I- -=8K95/- 01 .7@1> "1?:0:7:3I- 8@D ;=G/?5/- .->-0- 19 17 8-916: 017 59>?=@819?: D- 01>01 17 95A17 ;=59/5;5-9?1 %=G/?5/-> 01 /:8.: 01>01 /@-=?1?:> D <@59?1?:> 4->?- -3=@;-/5:91> /:9 A-=5:> 81?-71> -8 >1>>5:9> 01 7:> 6@1 A1> ,, $&# & / &:05: -9>-> 5?D 01?=G> 017 10525/5: *57->1= (17 BBB 1>/@17-018@>5/-6-EE/:= 91= 1> ' * !! # F?95/: 27-819/: /7G>5 /: 8:01=9: 592-9?57 ?1-?=: >-7@0 59?13=-7 (:0:> 7:> 95A171> ' # " (&O )! :9>@7?- 01>/@19?:> /:9 &# ( '$ $ :9?59@-8:> -.=5190: 3=@;:> ?:0: 17 /@=>: ! ( $' =->57 @>5K9 /:9 !577D %5?- 5>2=@?- 19 7- /-771 /:9 3=-901> HC5?:> 017 ;:; - =5?8: .=->571J: :8;-=?5190: 7-9E- 19 2-8575- /:9 !-@=- !5E/-9: (-771= 01 9?1=;=1?-/5K9 /:9 >- &-8I=1E 7->1> 01 '-8.- /:9 !@/5-9- 0: '-9?:> '15?-5 /:9 "M 1>L> 01 7:> &1D1> "-9E-9: -9E- /7G >5/- -0@7?:> D 95J:> /:9 "-=I- !K;1E %1=/@>5K9 ;-=- 95J:> /:9 1=9-90: %1=/@ -9E- 905- /:9 1-?=5E =1>;: :=: :>;17 ;-=- 6KA191> /:9 "K95/- &@?4 (-771= 01 0-9E- -2=5/-9- &5?8:> 01 0618.1 D '-.-= /:9 '-065: ' 01 4 (-771= 01 7:B9?1=-;5- /:9 %-/- !K;1E ' 01 )?575E- $#$' & !$ 1>/@19?: ;-=- 1>?@05-9?1> ;-=-0:> D 2-8575-> / :=?-71E(=5-9(2 BBB 1>/@17-7-?5 0:> 1> ' * !!
" #@1A:> /:9?1C?:> #@1A-> 91/1>5001> #@1A-> 1==-8519?-> (1/9:7K35/-> %:>3=-0: <@1 9-/1 /:9 17 :.61?5A: 01 -01 /@-= >@ 2:=8-/5K9 ?1K=5/: ;=G/?5/- - 7-> 1C5 319/5-> 017 81=/-0: 7-.:=-7 D 01 19=5<@1/1= >@ /@==I/@7@8 ;-=- 2-/575?-= 17 -//1>: -7 81= /-0: 7-.:=-7 : 7- ;=:8:/5K9 ;=:21>5:9-7 " )+ ! & ! $( A0- &-8K9 D -6-7 N (17 BBB -@C575-=01.5 .75:?1/- /:8 -@C57:5-=01.5.75:?1/- -@C575-= 01.5.75:?1/- /:8 ' * !!
01enero 04/01/2015 9:00 PĂĄgina 71
,4:85 +, $,8(60( ,9:(2: 036(8:, $(22,8 <0<,4*0(2 +, ;4 +B( ",4(*030,4:5 ,2 # #, :8(:( +, ;4( :A*40*( 7;, 3,+0(4:, 2( 8,9608(*0D4 *549*0,4:, > *54,* :(+( -(*020:( 8,*;6,8(8 2( 8,9608(*0D4 ,9654 :@4,( > 4(:;8(2 ?4(2*@?(8 4E E+*/( ,97;04( #(4 8(4*09*5 (<0,8 $,2 # &
"%! ! # " #%! " 36(8:0+5 658 4:5405 @30? ! % " # "G # ;895 ! " " 3545.8@-0*5 +, 549:,2(*054,9 (3020(8,9 36(8:0+5 658 4:5405 @30? > F4.,2 (8:B4,? 2-5495 ,2 #()05 )(15 $ === (;2(2(354:,8( *53 # & &#H
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
01enero 04/01/2015 9:00 Pรกgina 72
%% ! !'" &D+*-8 ' :>27* &*7 ;*7,2<,8 *?2.; '.5
! % C7*5,DC*; 7J J-,1* .< 7*-2;9<2,8 ,8;;.8 ,89 .< & )
5 %.7*,262.7=8 .< >7* =E,72,* :>. 6. -2*7=. 5* ;.<92;*,2H7 ,87<,2.7=. B ,8 7.,=*-* 78< /*,252=* ;.,>9.;*; 5* ;.<92;*,2H7 .<987=D7.* B 7*=>;*5 :>. =;*. 68< *5 7*,.; !>.<=;* 6*7.;* -. ;.<92;*; 271*5*; B .A1*5*; <. 1* 2-8 -./8;6*7-8 .7 .5 9;8,.<8 -. *-*9=*,2H7 *5 6.-28 >*7-8 .5 72G8 <. .7/;.7=* * <2=>*,287.< *?.;<*< <2=>*,287.< -. 27<.0>;2-*- -. *2< 5*62.7=8 */.,=2?8 -. -.<,87/2*7C* .7 -./272=2?* <2=>*,287.< 0.7.;*-8;*< -. *7 0><=2* <. *-*9=* * 5* <2=>*,2H7 +><,*7-8 ,*56*; 8 78 *,;.,.7=*; .<=* *70><=2* -.< *;;855*7-8 *,=2=>-.< 6D< 8 6.78< ;F02-*< %.9;262.7-8 <.7=262.7=8< 9.7<*62.7=8< -.<.8< <. 92.;-. 5* .<987=*7.2-*- -.5 <.; 27-2?2->*5 B I72,8 :>. <868< 78< .7*3.7* 68< <=8 8,>;;. -. /8;6* 27,87<,2.7=. 868 -2,. 52,. 255.; .7 K 5 >.;98 7>7,* 62.7=.L .5 27,87<,2.7=. -. ,*-* 9.;<87* 78 .< 8=;* ,8<* :>. <> 12<=8;2* *56*,.7*-* .7 <> =8=*52-*- .7 .5 ,>.;98 *<.:>2+5. * 7>.<=;* ,87,2.7,2* .7 9.:>.G8< 98;,28 7.< <F 5* ;.<92;*,2H7 20>*56.7=. 1* 9.;-2-8 .<=* .<987=*7.2-*- *B>-*7-8 * 5* ;. 9;.<2H7 *5 +58:>.8 -. .68,287.< .=, * =E,72,* -. %.7*,262.7=8 78< -* 5* 98<2+252-*- -. *,,.-.; * 9*;=. -. 7>.<=;* 12<=8;2* :>. .<=D 0;*+*-* .7 7>.<=;* ;.< 92;*,2H7 *5 20>*5 :>. .7 8=;*< 9*;=.< -. 7>.<=;8 <.; * .<=*5= ,87=.695* *5 <.; 1>6*78 ,87 >7* ?2<2H7 1852<=2,* .7 .5 :>. =8-*< 5*< 9*;=.< .<=D7 27=.;,87.,=*-*< .7=;. <F 5 %.7*,262.7=8 .< >7* =E,72,* :>. -.7=;8 -. >7 9;8,.<8 -. -.<*;;8558 9.;<87*5 8 27,5><8 =.;*9E>=2,8 .< -. 0;*7 *B>-* < >7 0;*7 /*,252=*-8; :>. 78< 9.;62=. ;.<,*=*; .<,.7*< 27,87<,2.7=.< 0;*+*-*< .7 7>.< =;8 ;.<92;*,2H7 ;.?2?2; 5*< .68,287.< -. *:>.5 686.7=8 1*,.;5*< ,87<,2.7=.< . 27 =.0;*;5*< 9*;=2; -. ,878,.; 7>.<=;8 9*<*-8 98-.68< .7=.7-.; 7>.<=;8 9;.<.7=. B .5.02; 7>.<=;8 />=>;8
.7=;8 .<9. ,2*52C*-8 .7 #<2,87>=;2,2H7 6E=8-8 -. =;*=* 62.7=8 27=.0;*5 7>=;2,2H7 9<2,8580F* *,=2?2 -*- /F<2,* -. *5=.;*,287.< *<8,2*-*< * 5* *52 6.7=*,2H7 ';*=*62.7=8 -. 8+.<2-*- 7>=;2 ,2H7 9.-2D=;2,* =;*<=8;78< -. 5* ,87->,=* *52 6.7=*;F* *-*9=*,2H7 * 27=85.;*7,2*< B *5.; 02*< <.0>262.7=8 7>=;2,287*5 -.5 .6+*;*C8 B 98<=9*;=8 #;868,2H7 -. 1D+2=8< <*5>-*+5.< ->,*,2H7 *526.7=*;F* 27-2?2->*5 =*55.;.< B ,85.028< <.<8;*62.7=8 7>=;2,287*5 B ;.<=*> ;*,2H7 9*;* ,85.,=2?8< '.5 @@@ 78;=.<*5>- .< & )
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
01enero 04/01/2015 9:00 PĂĄgina 73
&
"#
!# $%# % $! # & M ) # % # # ) ( $&! # M $ D 9;.7-.; * 1*+5*; .7 9I+52,8 6.38;*7-8 5*< 1*+252-*-.< -. 8;*=8;2* B <>9.;*7-8 .5 62.-8 .<,F72,8 !;.<.7,2*5 N "# !# &#$ !# ' # K$ % $ .38;*; 58< ;.<>5=* -8< .7 5* .7/.;6.-*- =;*>6E=2,* ;.->,2.7 -8 5* 68;+252-*- 5* 68;=*52-*- B 5*< <.,>. 5*< .7 58< 9*,2.7=.< -. =;*>6* 6.-2*7=. 5* ,8;;.,=* ?*58;*,2H7 ;.*52C*,2H7 -. 27=.;?.7 ,287.< +E<2,*< 68?252C*,2H7 B =;*7<98;=. <*72=*;28 $.629;.<.7,2*5 N !&$ #K !*;*3. * #E+2-* %.5 #K
$ % % 69*;=2-8 98; 5/;.-8 *7=8?*72 2;202-8 * *,=8;.< .<=>-2*7=.< -. =.*=;8 B 6872=8;.< 8 *726*-8;.< :>. -.<..7 >7* /8;6*,2H7 9.-*0H02,* 9*;* 6*.<=;8< B 9;8 /.<8;.< -. -2<=27=8< 72?.5.< .->,*=2?8< :>. -.<..7 >7* /8;6*,2H7 =.*=;*5 ' -. * 1 $ -. * B -. * -. * 1 % %# ' % $&# $*7 8<F -. *5*<*7C <: #>+F7 *;G8 5 %*;-H7 %;2*7* %.5 B @@@ 9;8.A-;* ,86 $ '
& +2.;=8 95*C8 -. 27<,;29,2H7 & & ' # $ $ % # $ !*<.8 *;58< %.5 K )
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
$
# $ # K$ # M ! % $ ! 69*;=2-8 98; ;6*7-8 ;*7,.< $ $ M ( $ !$ ! # $ %D $ # M #! # 69*;=2-8 98; 5*-28 H6.C ! % $ ! ! #% % %& 69*;=2-8 98; *52<=.8 # $ # %# & M #% % %& 69*;=2-* 98; +.5 $.?255* % # L ! #% % %& 69*;=2-8 98; >*74* ;8@7 -. * @@@ <.?255* <9*27=*==88 ,87?.7=287< ,86 $ '
>;<8 9;8/.<287*5 -. 6*:>255* 3. $>9.;27=.7<2?8 -. 6*:>255*3. >;<8 -. ,*;*,=.;2C*,2H7 >;<8 /27 -. <.6*7* B >=86*:>255*3. $ & "& % %# "& % # , *7=255*7* 7 J %.5 $ '
01enero 04/01/2015 9:00 PĂĄgina 74
&&&
! "" # ! #K 6405.6 >>> *96::05;,95(*065(3+,0;(30*( ,: " #
96:: 67<3(9 N #,3
5 (E6 4B: 3( *0<+(+ 964(5( +, ;B30*( (*6., <56 +, 36: ,=,5;6: +,769;0=6: 8<, :<:*0;(5 4B: 05;,9C: ,5;9, 36: (4(5;,: +,3 (;3,;0:46 3( 96:: 5;,95(*06 5(3 +, ;B30*( $5( -0,:;( +,3 +,769;, 8<, *(+( (E6 :<:*0;( 4(?69 05;,9C: ' ,: 8<, ,5;9, 36: 7(9 ;0*07(5;,: :, 7<,+,5 ,5*65;9(9 .9(5+,: -0.<9(: ;(5;6 ( 50=,3 5(*065(3 *646 05;,9 5(*065(3 +,3 4<5+6 +,3 (;3,;0:46 +,4B: +, 3( ;9(+0*065(3 96:: 67<3(9 ? 96:: 5;,95(*065(3 ,:;, (E6 *<,5;( *65 3( *9,(*0F5 +, 3( H 67( +, 5+(3<*D( 769 :, 3,**065,: 796=05*0(3,: $5 9,*6990+6 ,46*065(5;, 8<, 33,=(9B ( 36: 7(9;0*07(5;,: 769 36: 3<.(9,: 4B: ,4)3,4B;0*6: +, "(5;0765*, 7(9( -05(30@(9 3( 79<,)( ,5 ,3 65 1<5;6 98<,3F.0*6 +, ;B30*( "0;<(+( ( 76*6: 203F4,;96: +, ",=033( ,:;B *65:0+,9(+( <56 +, 36: (:,5;(40,5;6: 964(56: 4B: 04769;(5;,: +, 3( ,5D5:<3( )C90*( <, -<5+(+( ,5 ,3 (E6 ( ;9(: 3(: <,99(: G50*(: 769 ,3 .,5,9(3 <)306 695,306 :*070F5 I,3 -90*(56J (<5 8<, :< C76*( +, ,:73,5+69 3( =0=0F *65 36: ,47,9(+69,: #9(1(56 ? +90(56 :6)9, ;6+6 ,:;, G3;046 8<, 3( *65=09;0F ,5 *63650( 964(5( ,30( <.<:;( ;B30*( 6: =,:;0.06: (98<,63F.0*6: 8<, 56: /(5 33,.(+6 +, ,:( C76*( +69(+( :,9B5 ,3 ,: *,5(906 +, ,:;( 96:: 5;,95(*065(3 +, ;B30*( 69.(50@(+( 769 3( 07<;(*0F5 +, ",=0 33( 3( 65:,1,9D( +, #<90:46 ? 64,9*06 1<5;6 *65 3( 65:,1,9D( +, +<*(*0F5 <3;<9( ? ,769;, +, 3( <5;( +, 5+(3<*D( ? ,3 ?<5;(40,5;6 +, ",=033(
9.(50@(+6 769 3( ,+,9(*0F5 ",=033( +, 1,+9,@ ? " " 3 .(5(+69 N ? ,3 :,.<5+6 *3(:0-0*(+6 N ( 7(9;09 +, 3(: / !,:;6 ( 7(9;09 +, 3(: / # $" # " " = +, 3( (34,9( : 5 <5;6 (3 ,:;(+06 +, -G;)63 ,50;6 %033(4(9D5 #,3 >>> -:(1,+9,@ *64 " %
96:: 67<3(9 ? 96:: 5;,95(*065(3 +,4B: ,:;, (E6 :, =( ( *9,(9 3( H 67( +, 5+(3<*D( 769 :,3,**065,: 796=05*0(3,: 96:: 67<3(9 N $ # ! $ M #K #,3 /;;7 >>> *96::05;,95(*065(3+,0;(30*( ,: " #
)0,9;6 73(@6 +, 05:*907*0F5 / "# " $ " # !!K " #,3 >>> 4,+064(9(;65(3,4,90( *64 !L
7(9;09
996?6 9D6 7,+(5D( +, ( 9<,3( (*6., ,3 (50*96:: >>> ;<90:46,5*(@693( *64 !! ' !L &&& (99,9( $9)(5( 5;,95(*065(3 (*0+( *646 <5 *6473,4,5;6 ( 3(: ;9(+0*065(3,: 3<4)9,: 3( (99,9( $9)(5( 5;,95(*065(3 >>> (?;6 1(,5 ,: A !,*6990+6 ,5 73,5( "0,99( 69,5( 36 8<, 7,940;, (3 7(9;0*07(5;, *656 *,9 :< ),336 ? =(90(+6 7(0:(1, (:D *646 (3.<5(: .(5(+,9D(: +, ;696: )9(=6: #,3 >>> 5(=(:+,;636:( >69+ 79,:: *64 % " # "
7(9;09 +, 3(: / *64,5@(9B 3( (99,9( 67<3(9 %09.,5 +, 3(: 5.<:;0(: ' ( 3(: / 4,+0( 4(9(;F5 "# " # #,3 >>> 4,+0(4(9(;65(?(465;, *64 ' # !,*6990+6 +, 24 !# " $ % = +, 3(: <,9@(: 94(+(: >>> 4,+0(4(9(;65/<,3=( *64 $ %
01enero 04/01/2015 9:00 Pรกgina 75
'
"$ 862708 $ 6*;F7 $.5
$ " " ) % # & .5 *5 * 9*;=2; -. 5*< 1 ".<=8 * 9*;=2; -. 5*< 1 $ L %# ! ## ?-* -. 5* !*56.;* < 7 >7=8 *5 .<=*-28 -. /I=+85 .72=8 &255* @@@ /<*3.-;.C ,86 /<*3.-;.C 06*25 ,86 # &
5 +2.;=8 7=.;7*,287*5 -. 3.-;.C J 2>-*- -. #.?255*K 8;0*72C*-8 98; 5* .-. ;*,2H7 <.?255*7* -. 3.-;.C .<=D -. *72?.;<*;28 >*;.7=* ,2=*< ,87 5* =D,=2,* 5* .<=;*=.02* B 5* 5H02,* %7* =;2*-* -. 1*+252-*-.< 277*=*< .7 58< +>.78< *3.-;. ,2<=*< ( .< :>. .7 .5 *3.-;.C 78 1*B 5>0*; 9*;* .5 *C*; ,*-* 68?262.7=8 .< 6.-2 =*-8 98; .5 3>0*-8; <>987. 9*;=. -. >7* =D,=2,* 6>B +2.7 125*-* 5 .< >7 3>.08 -. 0;*7 -2/2,>5=*- ,8695.38 .7 .5 :>. 72 <2:>2.;* 58< 6.38;.< 3>0*-8;.< 8 58< 6D< 98 =.7=.< 8;-.7*-8;.< 9>.-.7 55.0*; * ?2<>*52C*; =8-*< 5*< ,86+27*,287.< 98<2+5.< 7 .5 +2.;=8 7=.;7*,287*5 -. 3.-;.C 2>-*- -. #.?255* <. -*7 ,2=* =*7=8 9;.<=2 028<*< 9.;<87*52-*-.< -.5 6>7-8 -.5 *3.-;.C * 72?.5 27=.;7*,287*5 ,868 3H?.7.< B 3>0*-8;.< 272,2*-8< ( .<=8 .< 9;.,2<*6.7=. >78 -. 58< 9;27,29*5.< *=;*,=2?8< -. 5* ,869.=2,2H7 B* :>. 58< 3>0*-8;.< */2,287*-8< 9>.-.7 .7/;.7=*;<. * 3>0*-8;.< -. ;. ,878,2-8 9;.<=2028 27=.;7*,287*5 . 27,52<8 6*.<=;8< ,87<*0;*-8< -. .<=. /*<,27*7=. -.98;=. !*;* ,878,.; 58< 8;20.7.< -.5 *3.-;.C =*5 ,868 58 ,878,.68< .7 5* *,=>*52-*- 78< =.7.68< :>. ;.687=*; * 5* >;89* -.5 <2058 '& >7:>. 1>7-. <>< ;*2,.< .7 >7* 9;*,=2,* 27-I -.5 <2058 & ,878,2-* ,868 1*=>;*70* :>. 27=;8->3.;87 58< D;*+.< .7 ,,2-.7=.
".,8;;2-8 -. 46 98; 58< 687=.< -. 5* 58,*52-*- #*52-* -.<-. 5* !5*B* -.5 "27,H7 #. 98-;D -2</;>=*; -. ?2<=*< .<9., =*,>5*;.< -. 5* *;86* &E5.C D5*0* $8;;8A 5* #2.;;* -. $.3.-* . 27,5><8 #2.;;* .?*-* O" N & $ "
869.=2,2H7 -. <:>F -. 87=*G* <9;27= B ,;878.<,*5*-* <=. =;8/.8 ?*;F* .5 /8;6*=8 ,87 ;.<9.,=8 * .-2,287.< *7=.;28;.< 27=.0;*7-8 >7* 7>.?* 9;>.+* 27-2?2->*5 7<,;29,2H7 1*<=* 262=*-* * ,8;;.-8;.< ;0*72C* 5>+ 59278 .-7*56D-.7* ;87=;2*=1 @@@ 0;> 98*59278+.7*56*-.7* ,86 # "" &
& $;*?.<F* * 7*-8 * <8,2*,2H7 ;*C*-*< #852-*;2*< 9.;=.7.,2.7=. * 5* >7-*,2H7 &2,.7=. .;;.; 8;0*72C* 3>7=8 ,87 .5 L;.* -. -.98;=.< -.5 B>7=*62.7=8 -. D5*0* !*;=2,29*;D7 .7 5* 9;>.+* *50>78< -. 58< 6.38;.< 7*-*-8;.< -. D5*0* B 7-*5>,F* 5 .<9.,=D,>58 .<=D 0*;*7=2C*-8 !% "$ L >.55. L
7 ,*-* 38; 7*-* <. ,.5.+;*;D7 ,*;;.;*< -. ,*+*558< * ;*CH7 -. ,*;;.;*< 98; 38;7*-* F*< B " !N " % M ?.72-* %72?.;<2-*- !*+58 -. 5*?2-. < 7 $.5 @@@ 0;*71298-;868 -.*7-*5>,2* .< # " #
!;27,29*5.< ,869.=2,287.< -.98;=2?*< :>. =.7-;D7 5>0*; .7 5* .<=*,2H7 *7-*5>C* ->;*7=. <> =.698;*-* -. 27?2.;78 8,4.B <8+;. 12.58 >;5270 9*=27*3. *;=F<=2,8 <:>F *59278 8 .<:>F *,;8+D=2,8 <87 *50>78< -. 58< -.98;=.< :>. <. -*7 ,2=* .7 .<=. .?.7=8 -.98;=2?8 # "" &
01enero 04/01/2015 9:00 PĂĄgina 76
# C
"!
!
M! %" $
"
L& "
) =6<) ,- 6,)4=+F) ,-;,- ;= 76;-2-:F) ,- -,17 5*1-6<- A ":,-6)+1H6 ,-4 &-::1<7:17 876- -6 5):+0) =6) +)58)G) ,- +76+1-6+1)+1H6 ;7*:- -4 +)5*17 +415D<1+7 9=- ;- -65):+) ,-6<:7 ,-4 #4)6 6,)4=B ,- ++1H6 87: -4 415) ;<) +)58)G) ,1:1/1,) ) 4) +1=,),)6F) )6,)4=B) 6)+- +76 4) 16<-6+1H6 ,- ;-6;1*141B): ;7*:- 4); +76;-+=-6+1); 9=- 6=-;<:); )++176-; 8:7>7+)6 -6 -4 5-,17 )5*1-6<- A -6 ;-G):67; +H57 87,-57; 516151B): 6=-;<:7 158)+<7 ;F +76 -;<7; 7*2-<1>7; +757 :-.-:-6+1) +7 E:7-; ;- ):<1+=4) -6 ,7; 4F6-); ,- )++1H6 ) 8:15-:) 16.7:5): ;7*:4); +76,=+<); ;7;<-61*4-; 5-,1)6<- 2=-/7; 8-,)/H/1+7; A +76 =6) 44)5),) ) 4) )+ +1H6 ) <:)>E; ,- 4) ?-* A 4); :-,-; ;7+1)4-; ,- 4) 76;-2-:F) ) ;-/=6,) -;<)*4+-: =6) ;-:1- ,- )++176-; ,1:-+<); ,- 8):<1+18)+1H6 +1=,),)6) -6 4); 7+07 +)81<)4-; ,- 8:7>16+1) ,- 6,)4=+F) #):) +76;-/=1: -;<7; 7*2-<1>7; 4) =6<) 0) .1+0),7 ) 4) .)5141) +7 E:7-; +16+7 8-:;76)2-; +76 J-+787,-:-;K +=A) 7*41/)+1H6 -; ,-.-6,-: )4 5=6,7 ,-4 +)5*17 +415D<1+7 4 +)5*17 +415D<1+7 +76;<1<=A- =67 ,- 47; 8:16+18)4-; 8:7*4-5); 5-,17)5*1-6<)4-; ,- -;<- ;1/47 =6) 44)5),) ,- )<-6+1H6 ;7*:- 6=-;<:7 16;7;<-61*4- :1<57 ,- >1,) #7: -447 4) +75=61,), 16<-:6)+176)4 -;<D <:)*)2)6,7 ;7*:- -;<) 8:7*4-5D<1+) ,-;,-6 -4 ;-67 ,- 4) 76>-6+1H6 ):+7 ,- 4); !)+176-; '61,); ;7*:- -4 )5*17 41 5D<1+7 !' -;,- 0)+- ,7; )G7; +=)6,7 ,-2H ,- -;<): -6 >1/-6+1) -4 #:7 <7+747 ,- 17<7 4); 8):<-; .1:5)6<-; ,- -;<) 76>-6+1H6 -;<D6 <:)*)2)6,7 -6 =6 6=->7 ,7+=5-6<7 ,- +758:751;7 9=- 67; 44->- 0)+1) =6 6=->7 57,-47 -6-:/E<1+7 A ,- +76;=57 #7: ;= 8):<- 4) =6<) ,- 6,)4=+F) 8:75=->- -;<) +)58)G) 8):) *=;+): +7 E:7-; )9=-44); 8-:;76); +)8)+-; ,- +)5*1): -4 5=6,7 ;16 ;)41: ,- +);) 9=- ) *);- ,/-;<7; ;-6+1447; +757 :-+1+4): 8)8-4 A >1,:17 7 =;): *75*144); ,- *)27 +76;=57 8=,-6 )A=,): ) +76;<:=1: =6 .=<=:7 ;7;<-61*4-
6 ;<=:1); )41+1) 6,)4=+F) A =:+1) 4)*7:),7 87: %-7 1:, 1.- -; .:=<7 ,-4 8:7A-+<7 +7<=:1;57 A *=-6); 8:D+<1+); 8-;9=-:); =6) )8=-;<) 87: 4) ;7;<-61*141,), ;7+17-+76H51+) A )5*1-6 <)4 ,-4 ;-+<7: 8-;9=-:7 +7.16)6+1),7 87: -4 76,7 =:78-7 ,- #-;+) A -4 161;<-:17 ,- /:1+=4<=:) 415-6<)+1H6 A -,17 5*1-6<- ) <:)>E; ,- 4) =6,)+1H6 17,1>-:;1,), -49=F),-; 1-6+16<7 &-4 D; 16.7 -6 ??? ;-7 7:/ $
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
01enero 04/01/2015 9:00 Pรกgina 77
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
&"0&/0
. 10.& &+*&/0
.&/"(! "..".+ +("$& ! *<
.08*
01enero 04/01/2015 9:00 PĂĄgina 78
D !$ "K #!$ *;;.=.;* ">.+5* -.5 #G8 * <5* *B8; 46 %.5 @@@ ,*7*-*-.58<9*3*;8< ,86 ,*7*-*-.58<9*3*;8< ,*7*-*-.58<9*3*;8< ,86 #L!
"&
.,5*;*-* #.<.;?* *=>;*5 87,.;=*-* 98; 5* 87<.3.;G* -. .-28 6+2.7=. .7 *,=>*56.7=. 5* *H*-* -. 58< "E3*;8< .<=E 27,5>2-* .7 5* # " #.-. <9*,28< *=>;*5.< -. 7-*5>,G* .7 .5 7?.7=*;28 -. )87*< J6.-*< -. 7-*5> ,G* B .7 .5 "5*7 7-*5>C -. >6.-*5.< $. .7,>.7=;* .7 .5 =F;6278 6>72,29*5 -. * ">.+5* -.5 #G8 B .< /;>=8 -. 5* =;*7</8;6* ,2I7 -. >7* *7=20>* 0;*?.;* .7 >7 1>6. -*5 18B -. >7 27,*5,>5*+5. ?*58; 6.-28*6+2.7=*5 * *H*-* -. 58< "E3*;8< 08C* -. >7* <2 =>*,2I7 9;2?25.02*-* 3>7=8 *5 "*;:>. *,287*5 -. 8H*7* .7 95.7* ;>=* 620;*=8;2* -. 5*< *?.< :>. ?2.7.7 * 8H*7* >7 5>0*; -. 27?.;7*-* 9*;* .<*< .<9.,2.< B -. 72-2 /2,*,2I7 9*;* 8=;*< 6>,1*< 7 <>< <.2< 1.,=E;.*< <. 55.?*7 * ,*+8 *,=2?2-*-.< -. 6*;,*3. .<=>-28< -. ,86 98;=*62.7=8 -. 1E+2=*=< B .->,*,2I7 *6+2.7=*5 *<G ,868 ,;G* .7 ,*>=2?2-*- -. .< 9.,2.< .7 9.520;8 -. .A=27,2I7 ( .< :>. -.7=;8 -. 58< 5G62=.< -. 5* #.<.;?* *=>;*5 9>.-. 55.0*; * 8+<.;?*;<. >7* -. 5*< 6>.<=;*< 6E< ?*;2*-*< -. *?2/*>7* .>;89.* 55.0E7-8<. * ,87=*+252C*; 1*<=* .<9.,2.< -2<=27=*< 7=;. <>< 9.,>52*;2-*-.< 55*6* 5* *=.7,2I7 -. 58< ?2<2=*7=.< 5* *,=2=>- -. ,87/2*7C* :>. 6>.<=;*7 5*< *?.< 1*+2=>*-*< * 5* 9;.<.7,2* 1>6*7* .7 5* C87* 5 -. /.+;.;8 ,87 68=2?8 -. 5* .5.+;*,2I7 -.5 G* >7-2*5 -. 58< >6.-*5.< <. 55.?*;E * ,*+8 5* 5.,=>;* -. >7 6*72/2.<=8 1*+5*7-8 -. 5* 2698;=*7,2* -. 58< 1>6. -*5.< B 98<=.;28;6.7=. 52+.;*,2I7 -. 5*< *?.< -. <9.,2.< 6.7*C*-*< 7*,2-*< .7 .5 *H8 -.7=;8 -. 58< ";80;*6*< -. #.9;8->,,2I7 -. .<9.,2.< *6.7*C*-*< .7 .<=. ,*<8 8,1* ,8;7>-* B .;,.=* 9*;-255* * 52+.;*,2I7 ,8;;.;E * ,*;08 -. -8< 9*-;278< -8< 9.;<87*< ;.5.?*7=.< -.5 6>7-8 -. 5* ,87<.;?*,2I7 8 -2;.,=*6.7=. 26 952,*-8< ,87 5* #.<.;?* -. ?.<
6+2.7=. *62<=8<8 ;>98< 9.:>.H8< #2=68 =;*7:>258 $ ## !#% $ ' 46 2?.5 /E,25 2;,>5*; $& $ M .<-. ;*C*5.6* 46 2?.5 6.-28 /E,25 & ' & #! ( % ! #! 2?.5 /E,25 "!# $ ! $ $ 46 E,25 !D 46 2?.5 /E,25 $ % D! & ! #!) $% D! $.62,2;,>5*; 46 2?.5 +*38 $& $ %!# ! K !$ )& $ $ %! # #! # ) 46 2?.5 /E,25 6.-28 @@@ 5*0*,.5* ,86 %.5 $ '
K ) 6 # ! $% # ! % ! $% %!$ 6 & % 6 *<=255* @@@ ?2*95*=* 8;0 $ ' $ '
%
K
&
8;I7 -. 5* ;* .7.;8 8;7*-* -. *=>;*5.C* B *5 .7 .5 .7=8;78 -. 8;I7 -. 5* ;* "8; 5* 6*H*7* *,869*H*-8< -. >7 +2I5808 >7 9*<.8 ,87 *9.;2=2?8 27,5>2-8 98; 5* $2.;;* -. <9*;=.;8< ( 98; 5* =*;-. ?2<2=*;.68< .5 ><.8 -. 5* *5 -. 8;I7 !;0*72C* ;..7 %8>; 5 7-*5> ! ;.<.;?*< 0;..7=8> ;*5*7-*5>< ,86 .<,>+;. 5* /*>7* B /58;* -. $.?255* .7 >7* ;>=* 98; 58< 9*;:>.< 6E< .6+5.6E=2,8< -. 5* ,2>-*- $E+*-8< -.5 *5 7<,;29,287.< 1*<=* .5 & #% ! %.5 @@@ 5*1>.;=*,87,2.7,2* .< !$ # $
L#
# & #L %& L 6 #! & % %!$ )
.7.;8 #>=* 27=.;9;. =*=2?* *,869*H*-8< 98; >7 +2I5808 98; .5 87>6.7=8 *=>;*5 -.5 %8;,*5 -. 7=.:>.;* >7* 898;=>72-*- J72,* 9*;* ,878,.; 58< <.,;.=8< B 6*;*?255*< -. .<=. <270>5*; 9*2<*3.
#
!$ $% D # $ ! $ % 46 ' # #L! M )& #!$ 46 #! ## % 46 ! $% # ! ! % ! 46 @@@ 9*<8<.7=28 .< $ '
5:>25.; -. +2,2,5.=*< B 9*=27.< 9*;* ,878,.; -. >7* /8;6* .,85I02,* <*7* B -2?.;=2-* 5* ,2>-*- B <>< *5;.-.-8;.< "*;* =8-*< 5*< .-*-.< ";.,28 .7 />7,2I7 -.5 9;8->,=8 .<,802-8 -.<-. N 18;* %( %!&# >H8C B "*+I7 @@@ ,2=B+24.=8>;<.?255* ,86 $ '
01enero 04/01/2015 9:00 Pรกgina 79
%" M! "% &.5 <*52-*< .7 *0.7-* % '
!" % !& " ' # & *<=255* @@@ ?2*95*=* 8;0 ?2*95*=* ?2*95*=* 8;0 87<>5=*; 9;HA26*<
* 1*< 1.,18 .5 *6278J IB *18;* :>. * .A9.;2.7,2* -. 1*,.; .5 *6278 -. %*7=2*08 -. >7* > 8=;* /8;6* <2.69;. -.3* 1>.55* .7 :>2.7 58 ;.*52C* < ?.; -*- :>. :>2.7 58 1*B* 1.,18 ,868 >7 <2695. ;.=8 98; -.98;=. 8 ,868 8=;* /8;6* -. 9*<*; 5*< ?*,*,287.< 9;87=8 58 85?2-*;D "=;8< <27 .6+*;08 -.<.*7 ;.9.=2; 5* .A9.;2.7,2* 98; *50>7* -. 5*< 6>,1*< ;>=*< 3*,8+.*< :>. .A2<=.7 7 .<=. <.7=2-8 7*,. .7 5* <8,2*,2H7 -. 6208< -.5 *6278 -. %*7=2*08 '2* -. 5* #5*=* ,87 >7 8+3.=2?8 ,5*;8 *98B*; 5*< *,=2?2-*-.< =;*+*38< . 27?.<=20*,287.< 12<=H;2,8 <8,28 ,>5=>;*5.< ;.5*,287*-*< ,87 .5 *6278 -. %*7=2*08 6>B .<9.,2*5 6.7=. -.-2,*-8< * 5* *,=>*52C*,2H7 B ;.?2=*52C*,2H7 -.5 12<=H;2,8 *6278 -. 5* 'F* -. 5* #5*=* <262<68 9;.=.7-. 98=.7,2*; =8-*< 5*< =*;.*< :>. =.70*7 ,868 /27 ;.<*5 =*; B -2/>7-2; 58< <F6+858< -. %.?255* B <>< 9>.+58< ,87 %*7=2*08 B <>< *6278< .< 9.,2*56.7=. .7 5* 'F* -. 5* #5*=* .7 12<=8;2* =;*-2,287.< *;=. 52=.;*=>;* /85458;. 8 ,>*5:>2.; 8=;8 =298 -. 6*72/.<=*,287.< * <8,2*,2H7 -. 6208< -.5 *6278 -. %*7=2*08 'F* -. 5* #5*=* -. %.?255* .< 1. ;.-.;* -.5 .<9F;2=> -. 5*< *7=20>*< ,8/;*-F*< -. 9.;.0;278< <=D /8;6*-* 98; 0.7=. *6*7=. -.5 *6278 B 8;0*72C*7 ,87/.;.7,2*< <2698<28 B =8-8 =298 -. =;*+*38< 9> +52,*,287.< ,868 5* >F* -. 5* 'F* -. 5* #5*=* B .5 85.=F7 6.7<>*5 K' # & L B *,=8< ,>5=>;*5.<
.<52C*;<. <8+;. >7 7.>6D=2,8 * =8-* ?.58,2-*- 98; 5* 72.?* 9*;=2; -. *G8< 7 5* C87* -. 8;;.0>25.< 58< -F*< -. =.698;*-* *5=* N 98; 9.;<87* % $$ ! ' &.5 % $$ ! '
$.=2;8 -. (80* B .-2=*,2H7 -.5 *5 '*,*,287.< %.6*7* %*7=* -.5 *5 7 .5 85278 -. 5* %2.;;* -. ;*,.7* (80* .-2=*,287.< &E,72,*< -. ;.5*3*,2H7 B A9;.<2H7 ,8;98;*5 *25.< >.08< B $2<*< A,>;<287.< '2<2=*< =>;F<=2,*< #*;* -.<,8 7.,=*; ;.5*3*;<. B ,878,.; 0.7=. B !&$" (" ' , %*7 .;6.7.025-8 7/8 B ;.<.;?*< @@@ B80*9*;* ?2?2; .< % '
7 >7 .7,5*?. -. 0;*7 +.55.C* 7*=>;*5 <. ,*;*,=.;2C* 98; ;.< 9.=*; *5 ?2*3.;8 B ,>2-*; <> <*5>- "/;.,. >7* -.52,28<* ,862-* ,*<.;* .5*+8;*-* ,87 9;8 ->,=8< .,85H02,8< 1*+2=*,287.< ,87 .7,*7 =8 *6+2.7=. *,80.-8; B =;*7:>258 2</;>=* -.5 95*,.; -. ;.,80.; 58< /;>=8< -. 5* 1>.;=* 8 ;.,*;0*; 925*< ,87 >7 6*<*3. ;.5*3*7=. # ! -. 58< 5,8;78,*5.< @@@ ,*<*;>;*5*18 ;* ,86 "$ & % $"!& $
'2<2=*< 0>2*-*< *5 27=.;28; -.5 &.*=;8 -. 6*; =.< * -862708 9*;* -.<,>+;2; 58< <.,;.=8< :>. .<,87-. .<=. .6+5.6D=2,8 .-2/2,28 B 1< & &$" % &$ !) #*<.8 -. ;2<=H+*5 85H7 &.5 8;*;28 -. =*:>255*< . 5>7.< * <D+*-8 B -862708< B /.<=2?8< ,87 />7,2H7 -. * B -. * 18;*< % '
01enero 04/01/2015 9:00 Pรกgina 80
O& + N# % '% & ' N! A>-:@1 1?@1 91? &'% !, #-?1; 01 >5?@K.-8 ;8K: '18 CCC @1-@>;018-9-1?@>-:F- 1? & )
E
4? '
'%"
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
01enero 04/01/2015 9:00 Pรกgina 81
& &( !$& -?@CCC 9A?1A9;28;:0;: ;>3 A7 ! $ %
'% ' !
!
!
;:0;: )-88
8 4;9.>1 =A1 :A:/- B5B5K E =A1 :A:/- 9;>5>G ?1 1? %41>8;/7 ;891? 18 5: 9;>@-8 01@1/@5B1 5:38H? -8 =A1 05; B50- ;:-: ;E81 E 1? 18 @I@A8; 01 8- <>591>3>-: 1D<;?5/5K: =A1 81 0105/- ;:0>1? 1: 9G? 01 -J;? - ?A 01@1/@5B1 9G? 2-9;?; ;: 1?@- 1D<;?5/5K: 18 A?1; 01 ;:0>1? 4- <>1@1:050; >1/>1-> 8;? 1?<-/5;? /;@5 05-:;? <;> 8;? =A1 @>-:?5@-.- 18 01@1/@5B1 %A 01?<-/4; /;: A:- 1?@A<1:0- .5.85; @1/- <1>?;:-8 ; ?A .;@5/- 0;:01 <;0I- 1:/;:@>-> 8-? 0>;3-? =A1 /;:?A9I- 1:@>1 /-?; E /-?; <->- ?A<1>-> 18 @105; ?;: -83A:-? 01 8-? 1?@-:/5-? >1/>1-0-? - 9A1? @>- 1?@G 05B5050- 1: @>1? <->@1? - <>591>- 0105/-0- - 8- ;.>- E -8 813-0; 018 01 @1/@5B1 - ?13A:0- 9A1?@>- - 8- /5A0-0 01 ;:0>1? 1: H<;/- B5/@;>5-:- E 25:-891:@1 8- @1>/1>- >1/;<58- A:- ?1>51 01 ;.61@;? <1>?;:-81? /;9; 18 5:?@>A91:@-8 E >;<- =A1 A@585F-.- 18 01@1/@5B1 ;E81 ?1 5:?<5>K 1: ?A /;9<-J1>; 01 ':5B1>?50-0 ;?1<4 188 /;:;/50; <;> ?A? 5: />1I.81? 4-.5850-01? 010A/@5B-? <->- />1-> 1: - %41>8;/7 ;891? %5: 19 .->3; 8- 59-31: 018 <;<A8-> 01@1/@5B1 =A1 @1:19;? 256-0- 1: :A1?@>- 91:@1 2A1 05?1J-0- <;> 18 58A?@>-0;> %E0:1E "-31@ %A 8->3- <5<- ?A 3;>>- 01 <-J; E ?A @>-61 01 @C110 ?;: 5/;:;? 9G? =A1 >1/;:;/50;? 1: 8- -/@A-850-0 019G? 01 8-? 58A?@>/5;:1? 018 <;<A8-> 01@1/@5B1 "-31@ <5:@K -8 K81; - ?A />1-0;> ;.>- =A1 ?1 /;:?1>B1: 18 A?1; 01 ;:0>1?
" ;.>-? 9-1?@>-? 01 ->@5?@-? 01?01 (-: 01> )1E01: - :@;:5; K<1F " !$ $ -58H: ? : &18 $
";> <>591>- B1F 1: ?<-J- A:?181//5K: 01 05.A6;? 1?<-J;81? 01?01 18 ?538; *( 4-?@- /;951:F;? 018 * * @;0;? 188;? <>;/101:@1? 01 8- A:?@4-881 01 -9.A>3; '% ! "$ ! -881 $A5F 01 8->/K: &18 CCC 9A?1;018<>-0; 1? $
! -?- %-:/4I? 01 K>0;.- E 1 A/4->- E &1:10;> 01 %1B588- 1:@>1 8;? 916;>1? 018 9A:0; 1: 18-.;>-> <-188% ( + N$ !
">591>- C1. 1?<1/5-85F-0- 1: ;2>1/1> @;A>? 3-?@>;:K95/;? 01 A: 0I- <;> @;0;? 8;? >5: /;:1? 01 G8-3- CCC 3-?@>;3A5-? /;9 L
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
01enero 04/01/2015 9:00 Pรกgina 82
! %
. 8:= /0 4:> '07 >28=0 "0AA>@DM & )
B?4280;8303 4= )09M= >DB >DB %8=27>B W ">AD=>B %0BC4;0 0A8A8 4C2 "4=P 0
&" '" #"&'" % &'"% !' ;0<430 34 LA2D;4B # ++ %H !0 0DCL=C820 2>28 (4E8;;0 )4; =0 8C0;80=0 C0<18L= B8= 6;DC4= %;0C>B CA038 28>=0;4B 2>= ;>B <49>A4B ?A>3D2C>B 8C0;80=>B 4= D=0 8==>E03>A0 5DB8O= #D4E0 20AC0 34 C4<?>A030 >C>N> 8=E84A=>
( @<@0
"! '07
;:9?0 #7 & )
"4=P 34 ;D=4B 0 9D4E4B ?>A BO;> W +84A=4B W >B 7>A0B 34 0?0A20<84=C> 6A0C8B ?>A D=0 2>=BD<828O= <0H>A 0 W 8B?>=4 34 A0<?0 ?0A0 <8=DBEJ;83>B 4 H 34 0 7 0
) !'"%% " ! % " A /0 C?=08,/@=, '07 & !' #"! <?;80 20AC0 %;0C>B 20=0 A8>B 20A=4B 0; 7>A=> H BD 4B?4280;8303 0 ;0 1A0B0 4= 20A1O= 34 4=28=0 6D8B>B 4C2 4 0 34 0 7 ?A>G W A4=C4 0 ;0B 'D8=0B 34 CJ;820
"
J " %
7/7;D
#-4
%4B203>B H <0A8B 2>B 34 =D4BCA0B 2>BC0B "0AC4B 0 3><8=6> 34 0 H 34 0 7 W
( %' & )
4B2D1A4 ;0B C0?0B 2>= C>3> 4; B01>A 34; <438C4AAJ=4> B4AE83> 2>= 34B4=503> H 2A40 C8E8303 4= D= 0<184=C4 M=C8<> H 02>643>A 2>= C4AA0I0 4B0HD=>B C0?0B 4=B0;030B <>=C038C>B A4ED4;C>B E464C0A80=> 4C2 4 0< 0< #> 284AA0
&# ' & '07 7,>;470?,> .:8
><830 E464C0A80=0 E460=0 H 42>;O6820 A0= E0A84303 34 ?;0C>B B8= 6;DC4= B?4280;8I03> 4= 4;01>A0A ?;0C>B 0342D03>B 0 2030 384C0 "4=PB 346DBC028O= "4=P " '45A4B2>B 42>;O682>B
'07
&,9?, ,=M, , 7,9., 6,0/0 >34 ?0==, ?;
B?4280;8303 4= BDB78 C4<?DA0 H B0B78<8 )>3>B ;>B 3M0B 34 0 H 34 0 7 "4=P 34 ;0 20B0 W
"% %0>?,@=,9?0 ,;:9L> /414.4: =,9 ,>49: 75,=,10 A /0 7, =-:70/, > 9 '" % & ): 5-279-: =1:;): :7*9- 4) +7961:) ,-4 42)9).- <6) -?;-6:) +)9;) 2)876:) #-88)6@)31 8)9) +75-6:)4-: -6G :8-+1)4 2-+<;1=7 K "741+E;) 4) ;)92-;) ,- .1,-41A)+1F6 @ 7*;-6,9D: 5-6G: /9);<1;7: 79)917 0 ) 0 0) 0 ! " !% "
,=<@L> /0 #,=,/,> BBB =0>?,@=,9?0
G@D8B8C>B 34B0HD=>B 34 C>BC030B 2>= 90<O= 81LA82> G24;4=C4 20AC0 34 ?;0C>B 0=30;D24B 27028=0B 34 ;0 (84AA0 34 D4;E0 <0A8B2>B 34 B;0 A8BC8=0 20A=4B H ?4B203>B B4;42C>B '4?>BC4AM0 20B4A0 %A>3D2C>B 34 ?A8<4A0 20;8303 <184=C4 C0D W A8=> )>3>B ;>B 3M0B 34 0 7 ?A>G
"G& = #0/=: ),7749, '07 & ) BBB =0> ?,@=,9?08,7,8-:> 0> =B?8A03>B 4= ;>B 08A4B <0B 2A8>;;>B H 60D274B2>B 34 ;0 %0C06>=80 34 ;>B 20<?>B ?0<?40=>B H ;0B <>=C0N0B <4=3>28=0B 8A4B 34 ;0 %0<?0 ?4ACDA0 34 =D4E0 C4AA0I0 34 C0?0B 3>=34 3>=34 38B5ADC0A 34 D=0 0<?;80 E0A84303 34 C0?0B ?;0C>B H A028>=4B 2>= ;0 20;8303 34 B84<?A4 H 0 D= ?A428> P=82> H B>A?A4=34=C4 8B?>=4 34 <82A>2;8<0 ?4=B03> ?0A0 7024A <JB ;;4E034A0B ;0B 0;C0B C4<?4A0CDA0B 34; E4A0=> B4E8;;0=> 4 "0AC4B 0 ><8=6> 0; <438>380 ><8=6>B =>274 H ;D=4B 24AA03>
!(% @4> /0 ),=2,> &0A477, '07 %0>?,@=,9?0 .:7O24.:
#7,E, /0 7:> '0=.0=:> '07
A
/0 K7,2, '07 BBB 2=@;:/4:94 .:8
& )
4B34 B?4280;83034= >;0 34 )>A> '4ED4;C> 34 6DAD<4;>B H B4C0B 34 ;0 B84AA0 34 D4;E0 >3460 2>= ;0B <49> A4B 2>B4270B 0 ?A428>B 0B4@D81;4B #D<4A>B>B ?A4<8>B 4= ;0 4A80 34 ;0 )0?0 4 0 7 ?A>G W%%
' %! ) %" 4 4): 6.)6;#-4 >>> -4=-4-97 6-; B?4280;83034B CM?820B 34 ;0 2><0A20 34 >N0=0 AA>24B 34 20A0 18=4A>B 1>60E0=C4B <0A8B2> 0 ;0 ?>ACD6D4 B0 ?0C> H 2A>@D4C0B 34 14A4=94=0 ! %* ! ! 'T$
% ' # ' =,9 ,>49: 75,=,10 A /0 7, =-:70/, > 9 '" % & ))8): "<:01 @ :;9): *1-9;7 ,- 2<-=-: ) :D*),7 ,0) 0 !-:-9=): >>> /9)6+):167)42)9).- -:
'
':=90:
& )
'07
<?;8> ;>20; 2>= 20?028303 ?0A0 2><4=B0;4B <4=PB 4B?4280;4B 34B34 W ?4AB>=0 8=2;DH4 02CD028>=4B 4= 38A42C> 34 30=I0 78=3P CA03828>=0;
01enero 04/01/2015 9:00 Pรกgina 83
V1430 34;
34 4=4A> 0;
34 <0AI> 34
A2B2 >2?@.A>.:@2? <.>@606<.>G: 2: 8. 1H069; 0A.>@. 21606K: 12 8.? ;>:.1.? .?@>;:K960.? 2: 28 %2:.06962:@; 12 P/21. 06A1.1 #.@>69;:6; 12 8. A9.:61.1 P/21. 0;: 8;? >202@.>6;? .0@A.86F.1;? 12 8;? ?648;? +) E +) 5. 0>2.1; A: <>;1A0@; @A>I?@60; 0;92>06.8 E 0A8@A>.8 2D02<06;:.8 =A2 >20;42 A:; 12 8;? <2>6;1;? 9G? 320A:1;? 12 8. 0A8@A>. 8;0.8 =A2 @AB; ?A <A:@; 9G? .8@; 2: 8. H<;0. >2:.02:@6?@. <2>6;1; 56?@K>60; 2: 28 =A2 8. 4.?@>;:;9I. ?2 0;:B62>@2 2: <>; 32?6K: 2 5205; ?24L: 8. 56?@;>6. 0A86:.>6. 12 8. 06A1.1 8;? ?2J;>2? 6:?@.8.1;? 2: P/21. 2: 28 ?648; +) 0;:@./.: <.>. 8.? >202<06;:2? E /.:=A2@2? 0;: 8. 0;8./;>. 06K: 12 8;? .>@6?@.? E .>@2?.:;? 9G? :;@./82? 12 8. H<;0. #.>@606<.: 8;? >2?@.A>.:@2? 8 -.4AG: :@6=A2 .:@6:. 8. ?@.06K: -26@A9 #.>.1;> 12 'A>6?9; ;:12?@./82 GB.8;? .? .?.? 128 K:?A8 9.>.:@; 8 '>A7.8 :;B2 1.1 2: 2?@. 21606K: E ?.1;> 12 &.:@6.4; 129G? 28 .026@2 12 ;86B. B6>42: 2D@>. B;8B2>G . @;9.> 28 <>;@.4;:6?9; =A2 12?12 8. 21606K: .:@2>6;> ?2 5. .J.161; 0;9; A: 3.0@;> 9G? <.>. <;@2:06.> 28 ;82;@A>6? 9; E 9;?@>.> .8 9A:1; A:; 12 8;? 4>.:12? .@>.0@6B;? 12 8. F;:.
01enero 04/01/2015 9:00 Pรกgina 84
) ,=90
(%"# '07
#@0=?, /0 7, &0A477,
>28=0 34 <4A203> 0AC0 02CD0;8I030 2030 C4<?>A030 %A4<8> 4A80 34 ;0 )0?0 34 (4E8;;0
"
,77,:
'=4,9,
& ) % (%"# '07
&40?0 %0A@07?,> &0A477, 4B0HD=>B
C0?0B +8=>B H 20E0B
%) % 7, 7,9.,
4B34
+$( ' '07
&F ,=4, & )
!0B <49>A4B C0?0B H ?;0C>B CM?82>B 34 =D4BCA0 C84AA0 4= 4; 2>A0IO= 34 (4E8;;0 ?AD414 4; 5;0<4=@DM= 2>A3>1LB ;0 4B?4280 ;8303 34 ;0 20B0 !>B <49>A4B ?0=4B 34 ;0 20B0 A01> 34 CA> ?0AA8;;030 81LA820 > 14A4= 94=0B 0 ;0 <84;
& % "& A/, 09L9/0E '07 #07,D: & ) >28=0 <438C4AAJ=40 2>= 4; B01>A <JB 02CD0; C0?0B H 34B0HD=>B 34B34 W 0 ;0 W 20AC0 ?AD410 =D4BCA> <4=P ?>A 4B2D1A4 4; ?;0C> 4BCA4;;0 34 ;0 20B0 !0 %4A>;J
%) % #( %' %! A/ 09L9/0E #07,D: '07 =C86D0 0B0 & ) >1> B?4280;8303 4= <0A8B2>B 2>28=0 2A40C8E0 H 34B0HD=>B 4B?4280;4B 4B2D1A4 ;>B <>=C038C>B 4B?4280;4B ;>B 0AA>24B H B0;0I>=4B 34 0A10C4 0BM 2><> D=0 0<?;80 B4;4228O= 34 ?4B203>B H 20A=4 4= 64=4A> B0B C0?0B H A028>=4B
"& " " % # % #7,E, /0 7, 7,80/, /0 L=.@70> > 9 '07 & ) B?4280;8303 4= C0?0B H ?4B203>B 5A4B2>B %AD414 BDB 1>@D4A>=4B A4;;4=>B 34 ?D4AA>B H <0=I0=0 "0AC4B 0 3><8=6>B 34 0
"! 4=0>
!& ,/@0N: /0 7:> 7.,7K /0 @,/,4=, %D1
8A;0=3LB A0= E0A84303 34 24AE4I0B H 4G@D8B8C>B 205LB D= 0<184=C4 <DH 06A030 1;4 ?0A0 B0;8A 0 C><0A D=0 2>?0 4B34 ;0B 7
)0?0B @D4 701;0= ?>A B8 B>;0B D= 4B?028> 3854A4=C4 9D=C> 0; 0BC8;;> 34 (0= >A64 3>=34 38B5ADC0A 34 ;0 <D;C82D;CDA0;8 303 ;6D=>B 9D4E4B 70H <JB <>C8E>B ?0A0 701;0A
" '% ! ',;,> :;,> #7 /07 7?:E,9: '07 >28=0 CA03828>=0; 0=30;DI0 2>= & ) D= 4G@D8B8C> C>@D4 34 38BC8=28O= 4= ?;4=> 2>A0IO= 34 )A80=0 46DBC028O= 34 ;0B <49>A4B 20A=4B H ?4B203>B 34BC020=3> ;0 Q20AA8;;030 0; %43A> -8<L=4IR > ;0B Q?>?84C0 34 ;4=6D03> 0 ;0 B0;B0 34 >;4CDBR C>3> 4;;> A4603> 2>= ;>B <49>A4B E8=>B =028>=0 ;4B !0 A4?>BC4AM0 CA80=4A0 9D=C> 0 D= 0<?;8> BDAC83> 4= 34BC8;4AM0 34 ?A8<4A0B <0A20B H %A4<8D< 2><?;4C0= D=0 >54AC0 A820 H E0A8030 ?0A0 38B5ADC0A 34 ;0 E830 2>C8 380=0 34 D= 10AA8> 2>= 4=20=C>
&" " '07
J!
0=9,9/: & )
:7O9
)84=30 >DA<4C 4B?4280;8I030 4= 0<O= 1LA82> 34 4;;>C0 @D4B>B %0H>H>B E8=>B H 141830B !D=4B 0 9D4E4B H 3><8=6>B 34 0 7 +84A=4B H BJ103>B 70BC0 ;0B 7
) %:>,=4: )02, '07 /0 %0>0=A,> : >28=0 0CA4E830 H 34 5DB8O= 2>= & ) B4=C83> "DH 8=C4A4B0=C4 4; "020AAO= 34 )>A> ?;0C> ?A4<803> 4= ;0 >A=030 34; )>A> 34 !8380 4; C0AC0A 34 B0;<O= H <0=6> > ;0B 2A>@D4C0B 34 20N0 34 ;><> 81LA82> 34 14;;>C0 D4A0 34 20AC0 B4 >5A424= C0?0B 2>= 8=6A4384=C4B 5A4B2>B 34 C4<?>A030 <?;80 1>3460 34 E8=>B =028>=0;4B
I ) %
%0,7 '07 ,>?47705, /0 7, @0>?,
*=0 2;JB82> ?0A0 38B5ADC0A 34; 90II <84=CA0B C4 C><0B D=0 2>?0 !>B 3><8=6>B ?>A ;0B C0A34B 2><84=I> 34 (4BB8>= 2>= <82A> 0184AC> H 2>;>5O= 70284=3> <PB820 4= E8E> 184AC> 3M0B 34B34 ;0B 7>A0B
01enero 04/01/2015 9:00 Pรกgina 85
% "! %H 0AM0> '07 &0A477, *= ;D60A 34 4=2D4= CA> 4=2;0E03> 4= ;0 CA0B4A0 > 2D03A0 34 ;0 0B0 %0;028> 34 (0<D4; !4EM 4 0 7
++ "%! % %:/4: +:9, ,9>,> 4?D 5@9?: , # ( "' &0A477, )>3>B ;>B 9D4 '07 7 !>B E84A=4B E4B 90< B4BB8>= 0 ;0B Q=>B>;>90IIR 2>=284AC>B 34 >CA0B <PB820B H ;>B BJ103>B 02CD028>=4B 34 90II H 1;D4B +84A=4B H BJ103> ?0B4B 0 ;0B 7H 7 )0<18L= 4B2D4;0 34 90II E4A B42 28O= 2DAB>B 34 <PB820 =5> FFF 90II2>A =4AB4E8;;0 4B 4 7 0 <03AD6030
+ &( ' ! 0=.,/: /07 =09,7 ;@0>?: #,>?:= D ,9/0=: > 9 '07 BBB .7@-/0?0 0> 491: .7@-/0?0 0> !0 2014I0 34 ;0 (D;C0=0 2>64 & )
?A4BC03> BD =><1A4 34 D= ;>20; ;>=38=4=B4 34; 0N> ?A42DAB>A 4= ;0 E4=C0 H 2>= BD<> ?P1;82> 34 CL @D4 0?>HO ;0 ?A4B4=280 34 <D94A4B 4= 4;;>B BC4 4B?028> 34=CA> 34 D= ?D4BC> 34 <4A203> CA03828>=0; >5A4 24 D=0 0<?;80 E0A84303 34 8=5DB8>=4B H 27>2>;0C4B 0BM 2><> 2><?;4<4=C>B H <4=094 (4<0=0;<4=C4 ?A>H42C0 D=0 B4A84 34 02C8E83034B C0=C> ?0A0 ?4@D4N>B 2><> ?0A0 <0H>A4B 4= 7>A0A8> 34 C0A34 $5A424= CL 34 2D;C8E> 18>;O682> 8=5DB8>=4B <43828=0;4B H 34 A424C0B ?4AB>=0;8I030B H 27>2>;0C4B H <0C4A80B ?0A0 ?>BCA4B H A4?>B C4AM0
" & %"'
"!' ! & "# & ) &0A477, 77, 8:9?,9,.:7:=> .:8
=5:9, >0A4
&,9 @4> '07 %0=034AM0 H & )
?0BC4;4AM0 42>;O6820 4 8=C46A0; 34 ?A>3D2C>B 0;4<0=4B 4;01>A03>B 0AC4B0=0;<4=C4 )0<18L= 501A820= C0AC0B H ?0BC4;4B ?0A0 E464C0A80=>B H E460=>B 4BC020= BD E0A84303 34 ?0=4B 0;6D=>B 2D184AC>B 2>= =D424B 5ADC>B B42>B > B4<8;;0B 34 BLB0<> > 0<0?>;0 0BM 2><> BDB <D558=B ;0 C0AC0 0;4<0=0 34 <0=I0=0 > ;0 34 I0=07>A80 CM?820 34 (D8I0
B?4280;8I03>B 4= ?A>3D2C>B 34 20;8303 ?0A0 4B2A8C>A4B 34 6A0558C8 4 8=C4A4B03>B 4= ?8=CDA0 4= 04A>B>; %8=C0A 342>A0A H ?A>C4 64A 4B =D4BCA0 <8B8O= 34B34 C4=C>B 0 ;0 =D4E0 60<0 ">=C0=0 =3DBCA80; %8=CDA0 C8=C0 A>CD;03>A4B ?D1;82028>=4B 43828>=4B ;8<8C030B 4C2
&(# % % " " J " @4> /0 ),=2,> D & ) '07
! '(% '07
!'
7.,4.0=M, & )
%4A5D<4B 0 6A0=4; H 2>B<LC820 =0CDA0; 901>=4B 0248 C4B 0A28;;0B 4C2 %A4?0A0<>B 24BC>B 34 A460;>B ?0A0 C>3> C8?> 34 >20B8O= H 4E4= C>B 4B2D1A4 ;>B <49>A4B ?4A5D<4B 4@D8 E0;4=C4B 8=5> FFF =0CDA0;<4=C40A><0B 2><
" ! " +
% & )
:>L 0>?:>:
;>A4B H ?;0=C0B 0AC858280;4B 34 0;C0 20;8303 0 ?A428>B 2><?4 C8C8E>B ?0A0 ?0AC82D;0A4B H ?A>54B8>=0;4B 34; B42C>A B4B>A0<84=C> ?0A0 C>3> C8?> 34 4E4=C>B 24;41A028>=4B 74A<0=3034B 4<?A4B0B ;>20;4B 4C2 B?4280;8BC0 4= 5;> A4B 34 5;0<4=20 H A0<8;;4C4B
'4?0AC> 0 3><828;8> 6A0CD8C> ADC0B H E4A3DA0B 5A4B20B 3>B E424B 4= B4<0=0 ;8<4=C028O= +460=0 H (8= ;DC4= $A6J=820 ;8<4=C028O= =50=C8; 2>;O6820 <?;8> BDA C83> 4= 4A40;4B !46D<1A4B H (4<8;;0B $A6J=820B >A0A8> 0<?;803> H <0H>A BD?4A58284 343820 30 0 ;8<4=C028O= AD3ME>A0 '0F >>3 0A=4B H %4B203>B 2>;O682>B 4AC858203>B &D4B>B <1DC83>B H 7028=0B (4AA0=0B 2>;O6820B
! "
*=0 C84=30 34 9D6D4C4B ?0A0 C>30B ;0B 430 34B H ?0A0 C>3>B ;>B 6DBC>B (DB ?A>3D2C>B B4 030?C0= 0 BD ;4<0 383J2C820 8;DB8O= 38E4AB8303 H 42>;>6M0 83J2C820 ?>A@D4 0?D4BC0 ?>A ;>B 9D6D4C4B H ;81A>B E8=2D;03>B 2>= 4; 2>=>28<84=C> 8;DB8O= 2>=E8AC84=3> 4; 0?A4=38I094 4= 0;6> 38E4AC83> 38E4AB8303 0 CA0ELB 34 9D6D4C4B 34 C>30B ?0AC4B 34; <D=3> H 42>;>6M0 0?>AC0=3> BD ?4@D4N> 6A0=8C> 34 0A4=0 0 ;0 2>=B4AE028O= 34; ?;0 =4C0
' ('* 09?=: L/4.: >?L?4.: 0770E, D &,7@/ ,70=, ==>E03>A 24=CA> & )
34 B0;D3 H 4BCLC820 =2>A?>A0 P;C8<>B B8BC4 <0B ?0A0 ;0 34BCAD228O= 34 ;0 6A0B0 10B0 3> 4= ;0 2A8>;8?O;8B8B C>C0;<4=C4 8=3>;>A> H B8= 4542C>B B42D=30A8>B %A><>28O= 4B?4 280; B4B8>=4B 34 4A<>?;0BC80 ?0A0 <49>A0A ;0 ?84; 34 =0A0=90 H ?4A34A 70BC0 D=0 C0;;0 B8= 4B5D4AI> =5> FFF 24=CA>14 ;;4I0HB0;D3 4B
#,20> /07 :==: '07 BBB /4/0.: 0> & )
7-,=0/,
% %H '07
"
& . & )
!81A>B H <0C4A80;4B 383J2C82>B ?0A0 4; 0?A4=38I094 34 838><0B
01enero 04/01/2015 9:00 Pรกgina 86
8 12 160629/>2 12 ?2 2D@6:4A62>;: 8;? 12:;96:.1;? ;:@>.@;? >>2:1.962:@; 12 %2:@. :@64A. .320@.:1; . @;1;? .=A288;? 0;:@>.@;? 12 .>>2:1.962:@; 12 8;0.82? 0;92>06.82? 36>9.1;? 0;: .:@2>6;>61.1 . 9.E; 12 ?@. 92161. =A2 .7A?@. 28 B.8;> 128 .8=A682> .8 =A2 12@2>96:2 28 M92> 0.1;N .320@. . 9.? 12 0;92>06;? 2: @;1; 28 <.6? E ;/864. . >2:2 4;06.> ?A/>;4.> ; 2: 28 <2;> 12 8;? 0.?;? . 02>>.> 9A8@6@A1 12 2?@./8206 962:@;? .84A:;? 12 8;? 0A.82? ?2 5.: 0;:?@6@A61; 2: B2>1.12>.? ?2J.? 12 612:@61.1 12 8.? 8;0.861.12? 2: =A2 ?2 A/60.: : 2?@.? <G46:.? 1.>29;? A: >2<.?; . .84A:;? 12 2?@;? 2?@./8206962:@;? =A2 E. 3;>9.: <.>@2 12 :A2? @>; <.@>69;:6; 0A8@A>.8
.E @62:1.? 12 @;1. 8. B61. 12 2?.? =A2 >20;>1.9;? 12?12 =A2 @2:29;? 929;>6. : &2B688. A:; 12 8;? 2?@./8206962:@;? 9G? 29/829G@60;? 12 8. 06A1.1 2? 28 .F.> )60@;>6. =A2 2: ?A? 4>.:12? 2?0.<.>.@2? :;? 9A2?@>. @;1. A:. 0;82006K: 12 0.056B.052? =A2 88.9.: 8. .@2:06K: 128 <.?2 .:@2 ;: 062: .J;? 12 56?@;>6. 2?@2 /.F.> ?2 2>642 0;9; A:; 12 8;? 4>.: 12? 08G?60;? 12 8. 0.<6@.8 56?<.82:?2 8 .F.> )60@;>6. =A2 .:@.J; 3A2>. 8. 2>>2@2>I. ?.I.? &.6:F E I. 0;9; >2F. 28 0.>@28 =A2 <>2?612 28 2D@2>6;> 128 2?@./8206962:@; ?2 2:0A2:@>. ?6@A.1; 2: 8. 2?=A6:. =A2 3;>9.: 8. 0.882 :@>20G>0282? E 8. 0.882 O8B.>2F $A6:@2>; 2: A: 2163606; <>;E20@.1; <;> 28 .>=A6@20@; .0;/; .86 .??.82@@. . <>6:06<6;? 128 ?648; ++ ? A: 0;92>06; =A2 E. 9A05;? 0;:?6 12>.: A:. M32>>2@2>I. 9A?2;N <A2? ?A 0.@G8;4; 12 ;/72@;? 2? 164:; 12 A: 9A?2; 2@:;4>G360; , 2? =A2 ?6: 1A1. A:. 12 8.? 9.E;>2? 0.>.0@2>I?@60.? 12 2?@. @62:1. 2? =A2 ?64A2 0;92>06.86F.:1; <>;1A0@;? =A2 ?;: 163I0682? 12 2:0;:@>.> 2: ;@>;? 8A4.>2? ?I 2:@>2 ?A? 2D<;?6@;>2? <;129;? 2:0;:@>.> 9;86:688;? 12 0.3H 5A2B;? 12 FA>06> 2: 9.12>. /;@67;? 9;>@2>;? /;@.? 12 B6:; .129G? 12 A:. .9<86. 4.9. 12 8;? <>;1A0@;? 9G? 9;12>:;? 128 92>0.1; 0;9; 9;8 12? 12 ?6860;:. .>@I0A8;? 12 >2<;?@2>I. 0.7.? 3A2>@2? 0.9A38.1.? ; 0A.8=A62> ;@>; @6<; 12 A@2:?686; =A2 :202?6@29;? <.>. 28 5;4.> A:=A2 28 /.F.> ;32>@. @;1; @6<; 12 <>;1A0@;? <.>. 8. 0.?. ?6: 1A1. ?A 0.@G8;4; 9G? 0;9<82@; 2? 28 12 A@2:?686;? E .<.>27;? 12 0;06:. #;1>29;? 2:0;:@>.> 12?12 A: 0.?0.:A202? . A:. <60.1;>. 12 0.>:2 <.?.:1; <;> @;1; @6<; 12 ;88.? ?.>@2:2? 0A/62>@;? E A: 8.>4; 2@0H@2>. ';1;? 8;? =A2 8. 0;:;02: 0;6:0612: 2: =A2 2? A:. @62:1. =A2 5.02 8.? 128606.? 12 8;? 0;06 :688.? E 12 8;? .9.:@2? 12 8; 08G?60; (:; 12 8;? 2?@./8206962:@;? 9G? .:@6 4A;? 12 8. 06A1.1 =A2 :;? 882B.>G .@>G? 2: 28 @629<; 0;: ?K8; 0>AF.> ?A A9/>.8
) . 5 E . .882 :@>20G>0282? E '28 CCC /.F.>B60@;>6. 2? & )
5 &
.
5
"A2B; 86/>; 12 >60 %;83 28 0>2.1;> 12 8. !21606:. 128 89. ? A: >20;<68.@;>6; 12 3>.?2? <>;1A0@; 12 8.? 2D<2>62:06.? B6B61.? E 12 8;? 0;:;06962:@;? .1=A6>61;? <;> >60 #>;1A0@; 12 B2:@. 2D08A?6B. 2: .6.
A6? 12 ).>4.? '28
E & )
01enero 04/01/2015 9:00 Pรกgina 87
;: 28 .82:1.>6; &A<2> ;:4 ;? 12?2.9;? A: 2?@A<2:1;
-.>.4;F. & ) '28 9.?<.<282?
9.?<.<282? 2?
%24.8. 2?@.? ".B61.12? .>@2?.:I. E 16?2J; 0;: 8. *2/ >@2 !;/682 1;:12 <;1>G? 2:0;:@>.> 0A.1>;? 0.96?2@.? /;8?;? 16?2J. 1;? <.>. @6 0@A.892:@2 5.E A:. 0;82006K: 12 ?A<2>5H>;2?
.7;? 128 #A2:@2
>6?@; 12 8. D<6>.06K: ;0.8 &2B688. ?<.J. '28H3;:; 9KB68 6:3; 1.:F.9;/682 2? CCC .>@29;/682 2?
. A8@69. @2:12:06. 12:@>; 128 9A:1; 0>.3@E ; 12 8.? 9.:A. 861.12? (:. <6:@A>. =A2 ?2 .<860. ?6: :202?61.1 <>2B6. 12 867.> 120. <.> ; 69<>69.> 8. ?A<2>36062 . 120;>.> %21A02 28 2?3A2>F;
2?A? 128 >.: #;12> &2B688. '28 #>206; CCC ?C22@0A@2.:10;;8 0;9 6:3;
?C22@0A@2.:10;;8 0;9
01enero 04/01/2015 9:00 Pรกgina 88