dal 11 al 26

Page 1

EULFRFHQWHU LW

0DQXHOD *LXVHSSH &KULVWLDQ *LXV\ $QGUHD 6DEULQD $OHVVLD H 9LQFHQ]R LQVLHPH DL ORUR &/,(17,

CC EX

m

1 :

€

DQ]LFKp €

6&2172

68//·$&48,672 0,1,02 ', 3(==,

$UPDGLR LQ SODVWLFD WXWWRSLDQL ‡ DGDWWR SHU LQWHUQR HG HVWHUQR 5HI FP

, SUH]]L VRQR FRPSUHQVLYL GL LYD 2IIHUWH YDOLGH GDOO¶ DO DSULOH )LQR DG HVDXULPHQWR VFRUWH )DWWD FRPXQLFD]LRQH DO FRPXQH *OL VFRQWL QRQ VRQR FXPXODELOL FRQ DOWUH SURPR]LRQL H VFRQWL LOL FRQ DOWUH SURPR]LRQ QL H VFRQWL

2IIHUWH YDOLGH GDOO¶ DO DSULOH 2IIHUWH YDOLGH GDOO¶ DO DSULOH

FP

FP

€

DQ]LFKp €

,GURSLWWXUD WUDVSLUDQWH ³)UHVK´ OW OW LQ RPDJJLR 6FHOWR GD YRL VX FDVDEULFR EULFRFHQWHU LW

‡ ELDQFR VXSHUFRSUHQWH ‡ LGHDOH SHU EDJQR H FXFLQD ‡ SHU VWDQ]H GD [ PW PDQR ‡ SUH]]R DO OW DQ]LFKp € VFRQWR €

*HUDQLR

‡ YDVR GLDPHWUR FP 5HI YDULH

5HI

%ULFRODJH 'HFRUD]LRQH FDVD $UUHGR EDJQR *LDUGLQR


€ FP

DQ]LFKp €

7HQGD GD VROH D FDGXWD

FP

‡ FRQ EDUUD LQ DOOXPLQLR 5HI

<<< m :

€

DQ]LFKp €

7HWWRLD LQ SROLFDUERQDWR VDWLQDWR ‡ VXSSRUWR QHUR 5HI

€

DQ]LFKp €

6LHSH VLQWHWLFD ODXUR YHUGH VFXUR

‡ PLV [ PW ‡ UHDOL]]DWD FRQ IRJOLH VLQWHWLFKH VRVWHQXWH VX XQD UHWH GL SODVWLFD ‡ DGDWWD SHU VFKHUPDUH 5HI

FP

FP

P F

FP

€

.LW ]DQ]DULHUD

‡ FRORUH EURQ]R ‡ ¿VVDJJLR D YLWL FRPSUHVH

5HI 'LVSRQLELOH DQFKH ODWHUDOH PLV [ FP € 5HI

EULFRFHQWHU LW

€

DQ]LFKp €

(UED VLQWHWLFD YHUGH

‡ PLV [ PW ‡ SUHWDJOLDWD ‡ VSHVVRUH PP ‡ SHVR JU PT ‡ DGDWWD SHU JLDUGLQR H WHUUD]]R 5HI


7DYROR

€

DQ]LFKp €

7DYROR ³(QQD´

‡ PLV [ [ FP ‡ LQ DFDFLD ‡ SLHJKHYROH 5HI 'LVSRQLELOH VHGLD ³&LUR´

‡ PLV [ [ FP 5HI

DQ]LFKp € VFRQWR €

€

DQ]LFKp €

6DORWWLQR GD HVWHUQR ³&DUQDE\´

‡ FRPSRVWR GD WDYROR FRQ VHGLH VWUXWWXUD LQ IHUUR VHGXWD H VFKLHQDOH VHGLH ULYHVWLWH LQ 39& SLDQR G¶DSSRJJLR LQ YHWUR 5HI

€

€

DQ]LFKp €

DQ]LFKp €

%DUEHFXH D FDUERQHOOD ³/HGUR´ FP

6HW DWWUH]]L SHU EDUEHFXH 5HI

‡ 0DGH LQ ,WDO\ 5HI FP

6&2172

FP

68//·$&48,672 0,1,02 ', 3(==,

* 352/81*$ 3,(*+(92/( ,'($/( 3(5 7$92/, $//81*$%,/,

&DUERQHOOD NJ

FP

5HI

P F FP

€

DQ]LFKp €

*D]HER

‡ VWUXWWXUD LQ PHWDOOR ‡ WHOR JU PT ‡ ERFFKHWWD GL YHQWLOD]LRQH SHU JDUDQWLUH VWDELOLWj

‘ FP

5HI

FP

2PEUHOORQH

‡ FRQ VLVWHPD GL DSHUWXUD FKLXVXUD D PDQRYHOOD ‡ FRQ VWHFFKH

P F

5HI

FP

€

DQ]LFKp €

*D]HER ³:HHNHQG´

‡ FRQ VLVWHPD GL DSHUWXUD FKLXVXUD UDSLGD ‡ WHOR WHWWR JU PT ‡ DOWH]]D GHOOD SXQWD FP ‡ LGHDOH SHU SLFQLF 5HI

* 6$&&$ &21 5827( 3(5 75$632572

€

DQ]LFKq € DQ]LFKq €

VFRQWR


€

DQ]LFKp €

9DVR ³/DQGKDXV´

‡ GLDPHWUR FP ‡ FRORUL DVVRUWLWL ‡ DGDWWR GD DSSHQGHUH DOOD EDUUD FXFLQD 5HI

<<< $ :

€

DQ]LFKp €

FP

&DVVHWWD ³,PDJQD´

‡ FRQ ULVHUYD G¶DFTXD SHU HYLWDUH OD PDFHUD]LRQH GHOOH UDGLFL 5HI

FP

6&2172

FP

68//·$&48,672 0,1,02 ', 3(==,

FP FP FP

FDG

€

3LFFKHWWR DG HQHUJLD VRODUH ³7REDJR´

DQ]LFKp €

$SSOLTXH ³/LPD´

‡ GLVFHQGHQWH DVFHQGHQWH ‡ LQ DOOXPLQLR ‡ DWWDFFR ( ‡ PD[ : ‡ FRORUH QHUR 5HI

FP

‡ PLV FP ‡ OHG ELDQFR ‡ FODVVH GL SURWH]LRQH ,3 ‡ VL FDULFD DXWRQRPDPHQWH GL JLRUQR SHU LOOXPLQDUVL GL QRWWH ‡ DXWRQRPLD RUH ‡ DGDWWR SHU JLDUGLQR H EDOFRQH 5HI

FP FP

,//80,1$=,21( &20321,%,/(

€

DQ]LFKp €

6IHUD FRQ SDOR H EDVH

€

* $ 5,63$50,2 (1(5*(7,&2

DQ]LFKp €

7HUULFFLR SHU SLDQWH ¿RULWH JHUDQL H VXU¿QLH OW 5HI

%DVH SHU SDOR 5HI

DQ]LFKp € VFRQWR € 3DOR 5HI

* $/2*(1$ $ 5,63$50,2 (1(5*(7,&2

DQ]LFKp € VFRQWR € 6IHUD WUDVSDUHQWH 5HI

FP

DQ]LFKp € VFRQWR € $UWLFROL YHQGLELOL VHSDUDWDPHQWH

€

6IHUD FRQ EUDFFLR

€

DQ]LFKp €

ODPSDGLQH

%UDFFLR 5HI

DQ]LFKp € VFRQWR € $UWLFROL YHQGLELOL VHSDUDWDPHQWH

EULFRFHQWHU LW

DQ]LFKp €

‡ WXEL ‡ DWWDFFR ( ‡ : ‡ OXFH FDOGD R IUHGGD 6IHUD IXPp R RSDOH 5HI

DQ]LFKp € VFRQWR €

5HI

€

DQ]LFKp €

ODPSDGLQH DORJHQH

‡ GLVSRQLELOH DWWDFFR ( : R ( : 5HI


* &216,*/,$72 ),12 $ 04

* &216,*/,$72 ),12 $ 04

6FHOWR GD YRL VX FDVDEULFR EULFRFHQWHU LW

€

DQ]LFKp €

7RVDHUED D VFRSSLR ³ ´

€

‡ PRWRUH %ULJJV 6WUDWWRQ VHULH ‡ FF ‡ D VSLQWD ‡ ODUJKH]]D WDJOLR FP ‡ FDSDFLWj FHVWR OW 5HI

DQ]LFKp €

7RVDHUED HOHWWULFR ³6SHFLDO HGLWLRQ ´

‡ PRWRUH HOHWWULFR 9 +] ‡ D VSLQWD ‡ : ‡ ODUJKH]]D WDJOLR FP ‡ FDSDFLWj FHVWR OW ‡ UHJROD]LRQH DOWH]]D WDJOLR SRVL]LRQL 5HI

6FHOWR GD YRL VX FDVDEULFR EULFRFHQWHU LW

€

€

DQ]LFKp €

DQ]LFKp €

.LW WXER VSLUDODWR * &21 52&&+(772 '(/ 9$/25( ', €

€

DQ]LFKp €

‡ FRPSRVWR GD WXER VSLUDODWR HVWHQVLELOH ¿QR D PW GLDPHWUR PP SLVWROD PXOWLJHWWR FRPSOHWD GL UDFFRUGL DXWRPDWLFL ‡ LGHDOH SHU WHUUD]]R EDOFRQH H SLFFROR JLDUGLQR

&DUUHOOR DYYROJLWXER ³*HQLXV &RPSDFW VSHFLDO´

‡ WHODLR LQ DOOXPLQLR ‡ FRPSOHWR GL PW GL WXER ‡ GLDPHWUR ´ ‡ FRQ UDFFRUGL DXWRPDWLFL ‡ ODQFLD VSUX]]R ‡ SUHVD UXELQHWWR 5HI

5HI

7DJOLDERUGL

‡ : ‡ ODUJKH]]D WDJOLR FP ‡ DOLPHQWD]LRQH ¿OR D SUHVVLRQH ‡ GRSSLD LPSXJQDWXUD ‡ LQFOXVR VHFRQGR URFFKHWWR 5HI * &203/(7$ ', $&&(6625,

* &203/(7$ ', 63$==2/$ /$9$3$9,0(17, 63$==2/$ 527$17( 3,672/$ &21 78%2 07 /$1&( 6(5%$72,2 '(7(5*(17(

€

DQ]LFKq €

VFRQWR

6FHOWR GD YRL VX FDVDEULFR EULFRFHQWHU LW

€

DQ]LFKp €

,GURSXOLWULFH ³670 ´

‡ : ‡ EDU ‡ SRUWDWD PD[ O K ‡ DVVLVWHQ]D D GRPLFLOLR ‡ LGHDOH SHU ULPXRYHUH VSRUFR H LQFURVWD]LRQL LQ JLDUGLQR 5HI

%LGRQH DVSLUDVROLGL %LGRQH DVSLUDVROLGL H OLTXLGL ³9$& 6´

‡ PD[ : ‡ PEDU ‡ DVSLUD]LRQH OW V ‡ VFXRWL¿OWUR SQHXPDWLFR DLR LQR[ ‡ D]LRQH VRI¿DQWH ‡ IXVWR LQ DFFLDLR LQR[ RUL GD OW FRQ SUDWLFR SRUWDFFHVVRUL H SRUWDFDYR ‡ WXER PW ‡ FDYR DOLPHQWD]LRQH PW ‡ 0DGH LQ ,WDO\ 5HI


€

DQ]LFKp €

7ULV HOHWWURXWHQVLOL LQ ERUVD GL WHOD ‡ VHW FRPSRVWR GD WUDSDQR HOHWWULFR : VHJKHWWR DOWHUQDWLYR : VPHULJOLDWULFH GLDPHWUR PP : 5HI

6FHOWR GD YRL VX FDVDEULFR EULFRFHQWHU LW

<<< :

* ,1 20$**,2 5,/(9$725( 3(5 &$9, (/(775,&, ( 78%, ,1 0(7$//2 '(/ 9$/25( ', €

* ,1 20$**,2 )2*/, $%5$6,9, ( 62)7 %$*

* %$77(5,(

€

€

€

DQ]LFKp €

DQ]LFKp €

8WHQVLOH PXOWLIXQ]LRQL ³0RXVH´

7UDSDQR DYYLWDWRUH

‡ : ‡ FRQ WXER UDFFRJOLSROYHUH ‡ FRQ DFFHVVRULR SHU SHUVLDQH 5HI

* 3817( $66257,7(

DQ]LFKp €

‡ 9 ‡ PDQGULQR DXWRVHUUDQWH PP ‡ YHORFLWj YDULDELOH JLUL ‡ WHPSR GL ULFDULFD RUH ‡ UHJROD]LRQL GL FRSSLD ‡ PD[ FDSDFLWj GL IRUDWXUD VX PHWDOOR PP VX OHJQR PP 5HI

€

DQ]LFKp €

7UDSDQR D ¿OR

‡ : ‡ PDQGULQR DXWRVHUUDQWH PP ‡ YHORFLWj HOHWWURQLFD YDULDELOH ‡ FRQ YDOLJHWWD H FRQ ULOHYDWRUH SHU FDYL HOHWWULFL H WXEL LQ PHWDOOR 5HI

6HW FDFFLDYLWL SH]]L

‡ FRQ PDJQHWL]]DWRUH 5HI 'LVSRQLELOH DQFKH FDFFLDYLWL SLQ]H 5HI

€

DQ]LFKp € VFRQWR €

DQ]LFKp €

6YLWRO VXSHU PO

€

FP

5HI

FP FP

DQ]LFKp €

%DQFR GD ODYRUR LQ PHWDOOR ‡ PRQWDJJLR IDFLOLWDWR DG LQFDVWUR 5HI 8WHQVLOL HVFOXVL

EULFRFHQWHU LW

€

€

DQ]LFKp €

DQ]LFKp €

6HW SH]]L SHU IRUDUH H DYYLWDUH 5HI

6HW XWHQVLOL PDQXDOL PXOWLXVR ‡ FRPSOHWR GL SLQ]D H PDUWHOOR ‡ DGDWWR SHU DYYLWDUH PLVXUDUH H WDJOLDUH 5HI


€

DQ]LFKp €

5HJOHWWH VWDJQD

€

‡ FRORUH JULJLR ‡ FRPSOHWD GL QHRQ : ‡ WHQXWD VWDJQD ,3 5HI

DQ]LFKp €

&DUUHOOR WUDVSRUWR

‡ FRQ UXRWH JRQ¿DELOL ‡ SRUWDWD NJ 5HI

€

/DPSDGD GD ODYRUR OHG

‡ FRQ JDQFLR FDODPLWD H DVWD GD DSSRJJLR ‡ SLOH VWLOR $$ QRQ LQFOXVH

‡ LGHDOH SHU DXWR ER[ H FDQWLQD

FP

5HI

FP

€

FP

DQ]LFKp €

2OLR ³)XWXU´ OW

€

‡ SHU PRWRUH EHQ]LQD R GLHVHO OW 5HI

DQ]LFKp €

6FDIIDOH ULSLDQL LQ PHWDOOR D EXOORQL

€

‡ FRQ ULQIRU]R ‡ SRUWDWD NJ D ULSLDQR FRQ FDULFR XQLIRUPHPHQWH GLVWULEXLWR 5HI

DQ]LFKp €

* ,1 20$**,2 9$/,*(77$ ´ '(/ 9$/25( ', €

/LTXLGR DQWLJHOR ³$XWRID´ OW 5HI

€

$K

DQ]LFKp €

7UROOH\ LQ 6WDQOH\

‡ FHUQLHUH LQ PHWDOOR ‡ UXRWH LQ JRPPD ‡ FDVVHWWLQR SRUWDPLQXWHULD 5HI

€

DQ]LFKp €

%DWWHULH $UH[RQV

$+ $ 5HI

$+ $ 5HI $+ $ 5HI

$+ $ 5HI

DQ]LFKp € VFRQWR € $+ $ 5HI

DQ]LFKp € VFRQWR €

DQ]LFKp € VFRQWR € DQ]LFKp € VFRQWR € $+ $ 5HI

DQ]LFKp € VFRQWR €

* ,1 20$**,2 $&&(6625, '(/ 9$/25( ', €

€

DQ]LFKq €

FP

VFRQWR

€

DQ]LFKp €

&RPSUHVVRUH OW

6FDOD JUDGLQL ³$OOXPLQLR SL ´ ‡ FRQ SRUWDRJJHWWL ‡ LGHDOH SHU ODYRUL ¿QR D PW 5HI

‡ KS ‡ OXEUL¿FDWR D ROLR ‡ SHU ODYRUL GL JRQ¿DJJLR SLWWXUD H SLFFROD PDQXWHQ]LRQH 5HI


6FHOWR GD YRL VX FDVDEULFR EULFRFHQWHU LW

€

DQ]LFKp €

3ODIRQLHUD ³$ODEDVWUR´

‡ FRORUH ELDQFR ‡ DWWDFFR ( ‡ PD[ : ‡ GLDPHWUR FP 5HI

'LVSRQLELOH DQFKH GLDPHWUR FP 5HI

DQ]LFKp € VFRQWR €

<<< :

€

6RVSHQVLRQH ³/DPLD´

‡ FRORUH ELDQFR ‡ DWWDFFR ( ‡ : 5HI

€

DQ]LFKp €

$SSOLTXH ³$ODEDVWUR´

‡ FRORUH ELDQFR ‡ DWWDFFR ( ‡ PD[ : ‡ GLDPHWUR FP 5HI

€

DQ]LFKp €

.LW ULORJD

6&2172

6FHOWR GD YRL VX FDVDEULFR EULFRFHQWHU LW

68//·$&48,672 0,1,02 ', 3(==, '(//$ 67(66$ ',0(16,21(

‡ FRORUL QHUR H DUJHQWR ‡ ¿QDOL DVVRUWLWL ‡ FRPSOHWR GL VXSSRUWL WHUPLQDOL HG DQHOOL ‡ GLDPHWUR FP ‡ HVWHQVLELOH GD D FP 5HI

€

DQ]LFKp €

.LW PHQVROH FXER

‡ PLV [ [ [ [ [ [ FP ‡ VSHVVRUH PP ‡ GLVSRQLELOH QHL FRORUL ELDQFR H ZHQJp 5HI

€

DQ]LFKp €

&RUQLFH D JLRUQR 5HI YDULH

&RSSLD WHQGH ³6PHUDOGR´ ‡ PLV [ FP ‡ FRORUL DVVRUWLWL 5HI

PLV [ FP

€

DQ]LFKp €

7DSSHWR EDPERR

‡ FRORUL DVVRUWLWL 5HI

'LVSRQLELOH PLV [ FP 5HI

FP

DQ]LFKp € VFRQWR € 0LV [ FP 5HI FP

EULFRFHQWHU LW

DQ]LFKp € VFRQWR €


6&2172

68// $&48,672 0,1,02 ', 3(==, 68//·$&48,672 0,1,02 ', 3(==,

€

DQ]LFKp €

.LW UXOOR SHUWLFD WHOHVFRSLFD ‡ UXOOR FP ‡ SHUWLFD FP

€ FP

DQ]LFKp €

5HI

6HW SHU LPELDQFDUH

‡ UXOOR FP H UHWH LQ SODVWLFD

FP

5HI

&RSULVHGLD

€

‡ FRORUL DVVRUWLWL 5HI

DQ]LFKp €

6HW SLWWXUD ³1RQ 6WRS´ 3LQW\ ‡ UXOOR FP FRQ VHUEDWRLR FDUDIID

6&2172

5HI

68//·$&48,672 0,1,02 ', 3(==, '(//$ 67(66$ ',0(16,21( * 6, $33/,&$ ',5(77$0(17( 68//$ 58**,1(

€

DQ]LFKp €

3URWHWWLYR FRPSOHWR ³$FTXD *HO´ SHU OHJQR OW

7DYROD ODPHOODUH SLQR DEHWH 5HI YDULH

‡ LPSUHJQD GHFRUD H LPSHUPHDELOL]]D ‡ SURGRWWR DOO¶DFTXD ‡ LQRGRUH ‡ QRQ HPHWWH VRVWDQ]H QRFLYH ‡ QRQ FROD ‡ UDSLGD HVVLFD]LRQH ‡ GLVSRQLELOH LQ YDUL FRORUL ‡ UHVD PT FLUFD SHU PDQR ‡ DGDWWR SHU OHJQL HVWHUQL HG LQWHUQL ‡ LGHDOH SHU SHUVLDQH H ¿QHVWUH LQ OHJQR GHD H SH SH V D H H HVW H HJ R ‡ LGHDOH SHU SHUVLDQH H ¿QHVWUH LQ OHJQR DQ]LFKp € VFRQWR € ‡ SUH]]R DO OW DQ]LFKp € VFRQWR 5HI

€

DQ]LFKp €

6PDOWR JHO DQWLUXJJLQH )HUQRYXV PO

‡ QRQ JRFFLROD ‡ GLVSRQLELOH LQ YDUL FRORUL ‡ LGHDOH SHU EDOFRQH 5HI

6FHOWR GD YRL VX FDVDEULFR EULFRFHQWHU LW

€

DQ]LFKq €

VFRQWR

€

DQ]LFKp €

,GURSLWWXUD ODYDELOH DQWLPXIID OW

‡ ¿QLWXUD YHOOXWDWD ‡ VXSHUFRSUHQWH ‡ DGDWWR SHU VRJJLRUQR H FDPHUD ‡ SHU VWDQ]H GD [ PW PDQR ‡ SUH]]R DO OW DQ]LFKp € VFRQWR € 5HI

6LVWHPD GL YHUQLFLDWXUD L L W D EDVVD SUHVVLRQH ³+9 9(8´

‡ PRWRUH : ‡ SUHVVLRQH EDU ‡ PW GL WXER ‡ LGHDOH SHU YHUQLFLDUH SDUHWL LQWHUQH 5HI


€

FP

* (67(16,%,/( '$ $ &0 ,'($/( 3(5 /(1=82/$

6FHOWR GD YRL VX FDVDEULFR EULFRFHQWHU LW

DQ]LFKp €

FP

FP

6WHQGLELDQFKHULD ³'LQDPLN ´

<<< $ :

‡ LQ DFFLDLR WUDWWDWR ‡ PW GL VWHQGLWXUD ‡ FRQ UXRWH 5HI

* &+,8685$ 5$//(17$7$

€

DQ]LFKp €

€

0LVFHODWRUH ODYDER ³(VSDFH´ ‡ LQ RWWRQH FURPDWR ‡ FRQIRUPH '0

€

3DWWXPLHUD EDJQR

‡ LQ SODVWLFD ‡ HIIHWWR YLPLQL ‡ FRORUH ELDQFR ‡ FDSDFLWj OW

DQ]LFKp € VFRQWR € 9DVFD 5HI DQ]LFKp € VFRQWR €

DQ]LFKp €

DQ]LFKp €

5HI 'LVSRQLELOH DQFKH %LGHW 5HI

5HI

6HGLOH :& ³$LU EDJ´

‡ LQ SODVWLFD ELDQFD ‡ SHU VHGLOL GL IRUPD XQLYHUVDOH 5HI

* &5,67$//2 7(03(5$72 6(5,*5$)$72 00

* ,//80,1$=,21( $/2*(1$

FP

* )5217$/, /$&&$7,

* 81,9(56$/(

FP

FP

FP

FP

FP

€

DQ]LFKp €

%R[ GRFFLD ³2SWLPD´ DQJRODUH

DQ]LFKp €

6DOLVFHQGL ³*HQRYD´

‡ FRQ GRFFHWWD UHJRODELOH D IXQ]LRQL HG DQWLFDOFDUH ‡ ¿QLWXUD FURPDWD ‡ SRUWDVDSRQH 5HI

‡ WHODLR LQ DOOXPLQLR OXFLGR ‡ DSHUWXUD VFRUUHYROH UHYHUVLELOH ‡ FKLXVXUD FDODPLWDWD ‡ HVWHQVLELOH ‡ DQWH VJDQFLDELOL 5HI

EULFRFHQWHU LW

FP FP

FP

€ FP

FP

€

DQ]LFKp €

0RELOH EDJQR ³6XSHU´

‡ ¿DQFKL RSDFKL ‡ DQWH ‡ VSHFFKLR FRQ SHQVLOH GHVWUR 5HI 0LVFHODWRUH HVFOXVR

* %$6( *,¬ 0217$7$ )$&,/( '$ 75$63257$5(

€

DQ]LFKp €

0RELOH EDJQR ³'XUEDQ´

‡ ¿QLWXUD PHODPLQLFD ODULFH ‡ FRPSRVWR GD EDVH DQWH H FDVVHWWR FKLXVXUD UDOOHQWDWD ODYDER LQ FHUDPLFD ELDQFD VSHFFKLR ERUGDWR ODULFH 5HI 0LVFHODWRUH HVFOXVR


€

DQ]LFKp €

&DUUHOOR FXFLQD

FP

‡ GLVSRQLELOH QHL FRORUL ELDQFR H DUDQFLRQH 5HI

FP

FP

FP

FP

€

FP

DQ]LFKp €

3DWWXPLHUD OW ‡ LQ DFFLDLR ‡ D SHGDOH ‡ LGHDOH SHU FXFLQD 5HI

€

DQ]LFKp €

6JDEHOOR FRPSRQLELOH 5HI

FP

€

FP

DQ]LFKp €

€

DQ]LFKp €

DQ]LFKp €

6HW JUXFFH LQ OHJQR ‡ FRORUH QDWXUDOH

€

FP

FP

* $17,6&,92/2

FP

FP

&RQWHQLWRUH ³6LPSO\UROOHU ´

‡ OW ‡ FRQ UXRWH ‡ GLVSRQLELOH DQFKH FRQ FRSHUFKLR WUDVSDUHQWH 5HI

5HI

6FDWROD LQ SYF ‡ FRORUL DVVRUWLWL 5HI

* &21 3257$ &'

€

DQ]LFKq €

VFRQWR

€

5HI

FP

‡ LQ PHWDOOR YHUQLFLDWR ‡ FRORUH ZHQJp

‡ SDOH FRQ OXFH ‡ WHOHFRPDQGR ‡ PRYLPHQWR GHOOH SDOH UHYHUVLELOH HVWDWH OH SDOH IDQQR FLUFRODUH O¶DULD IUHVFD LQYHUQR OH SDOH VSLQJRQR LQ EDVVR O¶DULD FDOGD ‡ GLDPHWUR FP ‡ YHORFLWj ‡ ODPSDGLQD : ‡ DWWDFFR * 5HI

/DPSDGLQD HVFOXVD

DQ]LFKp €

6FULYDQLD SRUWD SF

9HQWLODWRUH GD VRI¿WWR

FP

FP


CC EX

& 1 : )

EY

aEGM SHU XQD VSHVD PLQLPD GL HXUR 1RQ FXPXODELOH FRQ DOWUH SURPR]LRQL VFRQWL H R WHVVHUH VFRQWR 6FRQWR HVFOXVR SHU L FRPEXVWLELOL SHWUROLR SHOOHW H OHJQD

3,(0217( ,95($ 72 9LD *UDQGH 7HO /20%$5',$ &$67(/ *2))5('2 01 9LD &DVWLJOLRQH 7HO &$67,*/,21( '(//( 67,9,(5( 01 9LD &DYRXU 7HO 52Ë 92/&,$12 %6 &HQWUR &RPP OH ³,WDOPDUN´ 6 3 ,9 9LD * 0DUFRQL 7HO DSHUWR WXWWH OH GRPHQLFKH 621,&2 %6 9LD 1D]LRQDOH 7HO DSHUWR WXWWH OH GRPHQLFKH 75(17,12 $/72 $',*( %2/=$12 9LD 0D\U 1XVVHU 7HO &,0(*2 71 /RF 6DQR 7HO 9(1(72 3,(9( ', &$'25( %/ 9LD 0DGRQHWWD 7HO DSHUWR WXWWH OH GRPHQLFKH 529,*2 &HQWUR &RPP OH ³/D )DWWRULD´ 66 Q 7HO DSHUWR WXWWH OH GRPHQLFKH 529,*2 9LDOH GHO /DYRUR 7HO DSHUWR WXWWH OH GRPHQLFKH )5,8/, 9(1(=,$ *,8/,$ /8&,1,&2 *2 9LD 8GLQH 7HO 021)$/&21( *2 9LD *UDGR $ ¿DQFR &LQHPD 0XOWLVDOD 7HO

4XHVWR YRODQWLQR q VWDPSDWR VX FDUWD FHUWL¿FDWD )6& SHU XQD JHVWLRQH VRVWHQLELOH GHOOH IRUHVWH

35(&(1,&&2 8' &HQWUR &RPP OH ³6KRSSLQJ &HQWHU´ 9LD 0DOLJQDQL 7HO 6$1 *,29$11, $/ 1$7,621( 8' 9LD =RUXWWL 7HO (0,/,$ 520$*1$ &233$52 )( 9LD 3ULPLFHOOR 7HO DSHUWR WXWWH OH GRPHQLFKH 6 *,29$11, ,1 0$5,*1$12 51 9LD DO 0DUH 7HO DSHUWR WXWWH OH GRPHQLFKH 726&$1$ %,%%,(1$ $5 /RFDOLWj )HUUDQWLQD ¿DQFR &HQWUR &RPP OH &DVHQWLQR 7HO DSHUWR GRPHQLFD DSULOH 80%5,$ &,77­ ', &$67(//2 3* 9LD 0DUWLUL GHOOD /LEHUWj 7HO DSHUWR WXWWH OH GRPHQLFKH &$03$1,$ %(1(9(172 9LD GHL 0XOLQL =RQD 6WDGLR 7HO DSHUWR GRPHQLFD DSULOH GDOOH DOOH 12/$ 6WUDGD 6WDWDOH ELV DGLDFHQWH VHGH ,136 7HO DSHUWR WXWWH OH GRPHQLFKH &$/$%5,$ %29$/,12 5& 3DUFR &RPPHUFLDOH ³, *HOVRPLQL´ 66 7HO DSHUWR WXWWH OH GRPHQLFKH

&$7$1=$52 9LD 0DJQD *UHFLD DGLDFHQWH &HQWUR &RPP OH ³/H )RUQDFL´ 7HO DSHUWR WXWWH OH GRPHQLFKH &$7$1=$52 3DUFR &RPP OH ³/H )RQWDQH´ 4XDUWLHUH /LGR 66 GLHWUR 'HFDWKORQ /RFDOLWj %DURQH )UDVVR 7HO DSHUWR WXWWH OH GRPHQLFKH &52721( 6 6 /RFDOLWj 3DVVRYHFFKLR 7HO DSHUWR WXWWH OH GRPHQLFKH =803$12 &6 IUD]LRQH 0DODYLFLQD ¿DQFR &DUUHIRXU 7HO DSHUWR WXWWH OH GRPHQLFKH 6,&,/,$ %$5&(//21$ 32==2 ', *2772 0( 9LD - ) .HQQHG\ DQJ 9LD 7HPSHVWD 7HO DSHUWR WXWWH OH GRPHQLFKH 6$5'(*1$ 2/%,$ 66 9LDOH $OGR 0RUR 7HO DSHUWR WXWWH OH GRPHQLFKH 2/%,$ 66 =21$ ,1'8675,$/( 9LD 0DURFFR 6HWWRUH 7HO DSHUWR WXWWH OH GRPHQLFKH 6,1,6&2/$ 18 63 =RQD ,QGXVWULDOH &RPPHUFLDOH 7HO

9LVLWD LO QRVWUR VLWR EULFRFHQWHU LW RSSXUH VFULYL D FRQWDWWDFL#EULFRFHQWHU LW %ULFRFHQWHU ,WDOLD 6 U O 6WUDGD 3DOD]]R 1 5R]]DQR 0, 3 ,YD

, SUH]]L SRVVRQR VXELUH YDULD]LRQL QHO FDVR GL HUURUL WLSRJUD¿FL /H IRWR UDSSUHVHQWDQR RJJHWWL FKH SRVVRQR QRQ FRUULVSRQGHUH D TXDQWR HVSRVWR LQ QHJR]LR

6HJXLFL DQFKH VX IDFHERRN FRP EULFRFHQWHU LWDOLD #%ULFRFHQWHUBLW


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.