5(*8/$0(172 '2 5(0$7(
'HVLJQ 5RJHU &iFHUHV )RWRV 6WXGLR
5HPDWH H 3URYD
$SRLR
/HLORHLUD
3DXOR 0RVVL 75$163257(6
$
GH 0DUoR GH
'XUDQWH R 5RGHLR GR &7* 5LQFmR GH 6mR 3HGUR
/ 2 7 ( 6
SDUFHODV
?aT\XPËÇ^ SP _a^eP)
5HJXODPHQWR GDV 3URYDV 3URYD GD 0RWR H $EHUWD
5(,Ô1$ 5($/ (19,'2 &RORUDGD 53 0DFKR QDVF
/$ ,19(51$'$ (1&20(1'(52 , %7 +(50(6 %7 8%$/',1$ *(1(5$/ '$ 5(,Ò1$ 5,&2 5$&2 783$0%$e $1$+< '$ 5(,Ò1$ 62 0$57,0 52/,7$
3RWUR GH DQRV PXLWR EHP LQLFLDGR GH GRPD GH ERQV DQGDUHV H H[FHOHQWH WHPSHUDPHQWR )LOKR GR ILQDOLVWD GR )UHLR GH 2XUR *HQHUDO GD 5HL~QD HP OLQKD PDWHUQD TXH QRV UHPHWH DR )UHLR GH 2XUR %XWLi $UXQFR
%87,È $581&2 +(5Ï, '$ È*8$ )81'$ &+,0$55,7$ '2 ,9$<
H DR WDPEpP ILQDOLVWD +HUyL GD ÈJXD )XQGD &RP HVVD RULJHP GLVSHQVD PDLRUHV FRPHQWiULRV
'211$ )/25 '$ 5(,Ò1$ 0$/(92 '2 48$57(/ 0(675( )/25 ( )/25 '2 ;,1,48È 6(55$1$ '2 $&(*8È
/RWH
´&ULRXORV GR 5LQFmRµ 3URYD ¶¶ 0HVHV GH 'RPD··
%(/$ )/25 '$ '2,6 3$,6$12 =DLQD &RORUDGD 53 )rPHD QDVF
%7 '(/$17(52
P
%7 3$/+(,52 ,, %7 ,19(-$ ,, +(50$12 '$ 5(,Ò1$ 5,&2 5$&2 783$0%$e $1$+< '$ 5(,Ò1$ 62 0$57,0 52/,7$
&DEDQKD 'RLV 3DLVDQR HP VHX DQR GH UHPDWH RIHUHFH HVWD OLQGD ]DLQD FRORUDGD
2852 '2 $&(*8È 5$3$'85$ '2 $&(*8È
P
GH H[FHOHQWHV OLQKDV H Mi DSUHVHQWD PXLWR ERP WHPSHUDPHQWR )LOKD GH +HUPDQR GD 5HLXQD
%7 %5$=2 '2 -81&2
P
P
P
TXH UHSURGX]LX yWLPRV FDYDORV GH ODoR P
$PDQXQFLDGD
$0$1'$ '$ &$0,/$ +8,)48(1&2 7,5,//(172 ,1&$ '2 0$7$ 2/+2 &$0%21$ '2 0$7$ 2/+2
/RWH
6DtGD
&KHJDGD
'(02&5$&,$ '2 ;,1,48É =DLQD 53 )rPHD QDVF
(/ $5202 '( 3,&+,'e*8$ &$03(52
%7 %(/$ $1$+,
/$ ,19(51$'$ +251(52 %7 0,d$1*$ %7 &$5Ë&,$
5RVLOKD 53 )rPHD QDVF
/$ ,19(51$'$ +251(52
%7 *8=0$1
%7 8%,&$'2
.$'$%5$ '$ '20 &$1','2 12%5( 783$0%$e
3RWUDQFD ]DLQD DPDQXQFLDGD LQGLFDGD SDUD TXHP TXHU JDQKDU D 3URYD GH 'RPD &ULRXORV GR 5LQFmR SRLV GHPRQVWUD JUDQGH KDELOLGDGH IXQFLRQDO 1D VXD OLQKD SDWHUQD UHXQH VDQJXHV GH &DPSHUR H
35(&,26$ '2 &,1&2 6$/626 &(17(1È5,2 '$ 7$/$ /$ ,19(51$'$ +251(52 '(1*26$ '$ $*$3Ç %7 52/(7$
%7 '(/$17(52
%7 ,1',$1$
08&+$&+2 '( 6$17$ $1*e/,&$
&RUDMXGR H 6LQXHOR
7250(172 '$ %$'$1$
$ SRWUDQFD PDLV HTXLOLEUDGD GR ORWH
$0$17( '2 ;,1,48È
'(621(67$ '( 6$17$ $1*e/,&$
WDPEpP 5HJLVWUR GH 0pULWR PXLWR HTXLOLEUDGD H FRP SDSHO LUUHWRFiYHO $PDQXQVLDGD
53 3$5&(,5$ '20 ','2 25$d2
&,*$12 '$ 7,0%$Ò9$ 48$'5$ '2 ;,1,48È
HP PmH 7RUPHQWR GD %DGDQD )XQomR D WRGD SURYD QHVWD URVLOKD
+RUQHUR H VXD OLQKD PDWHUQD 'HODQWHUR %7 3$03$
)LOKD GR 5HJLVWUR GH 0pULWR &HQWHQiULR GD 7DOD
8,5$3858 783$0%$e
/RWH
'20 ','2 *8(55(,5$ 0$5&$ 75Ç6 *5$63$
/RWH
),'$/*2 '$ (50,'$
.$7,&2&$ '$ '20 &$1','2
7RELDQD &RORUDGD 53 0DFKR QDVF
&RORUDGD 53 )rPHD QDVF
*8$03$ %8+2
%7 %5$92
'(/ 2(67( 087$17(
-848,5, '2 38581
'(/ 2(67( 0$/9$
3(802 &+,&2 &$17,1(5$ 25,;È '2 38581 7521*2/ 3,/3,/&2 526,1+$ '$ 75$',d2 526,1+$ '$ 75$',d2
3RWUD FRORUDGD GH PXLWR IXWXUR QDV SLVWDV )HPLQLQD IRUWH H UHWDQJXODU
$/$5,)( '2 38581 /$ ,19(51$'$ +251(52 %7 %$521(6$
&HUWDPHQWH XPD ERD PHVFOD GD GRFLOLGDGH
%7 )8=$5&$
(/ $5202 '( 3,&+,'e*8$ &$03(52
$PDQXQFLDGD
%7 875,//2 '(6&21),$'2 '( (175( 5,26
3HODJHP WRELDQD TXH FKDPD D DWHQomR $PDQXQFLDGR
'$/,/$ '2 /8&(52
2'$/,6&$ 3 $ 6 '2 &21(68/ -85$'2 '$ 75$',d2
3 $ 6 $9(/ '2 %,&2
GHVWDTXHV PRUIROyJLFRV H IXQFLRQDLV
6$/0285$ '(67(6 3$*26
%7 '20,1,48(
*$,927$ 3 $ 6 '2 &21(68/
*HQpWLFD FRQVLVWHQWH TXH GHVFH DWp UHQRPDGRV )RUWH H GH ERDV OLQKDV
GR 2UL[i FRP D PiTXLQD IXQFLRQDO GD 2GDOLVFD %7 ,19(512
3RWUR GH FDXVDU LQYHMD
$*8'2 '( 3$, 3$662
/RWH
3$3$/e*8$ ',5&( 3$3$ /e*8$
/RWH
'20 ','2 25$d®2
'20 *$%5,(/ +$67$ 6,(035(
5RVLOKD 53 )rPHD QDVF
*DWHDGD 53 )rPHD QDVF
6$17$ (/%$ 6(f8(/2
0$1'$17( '( 6$172 Æ1*(/2
08&+$&+2 '( 6$17$ $1*e/,&$ /$ $0$1(&,'$ 08&+$&+,7$ 7250(172 '$ %$'$1$ (175(9(52 &+$558$ 53 3$5&(,5$ 53 7$,1È
&$0% 721&+2
)LOKD GR %RFDO GH %URQ]H H 5HVHUYDGR &DPSHmR &DY $GXOWR GD ([SRLQWHU 7RUPHQWR GD %DGDQD 3RWUR DR Sp GR 2UL[i 0DODQGUR GD 'RP &kQGLGR VHJXLQGR QR PHX DIL[R SRGH FRUUHU R FDUUR HP
12%5( 783$0%$e
H SUHQKD GH %7 $QWDUHV 0DQVD H EHP GRPDGD
8,5$3858 783$0%$e
%7 (63257,9$
=$1$*2 '( 62 %,%,$12
&258-$ '( 62 %,%,$12
'20 ','2 *8(55(,5$
3,5$1+$ '2 ;,1,48È
2,*$/Ç '2 -81&2
/,= '$ 0$5&$
/$ ,19(51$'$ +251(52 &$58$1$ -;
(/ &,' '( 62 %,%,$12
0$1&+$ 783$0%$e
0$5&$ 75Ç6 *5$63$
'20e67,&$ '( 6$172 Æ1*(/2 1$7,92 -;
3RWUDQFD DPDQXQFLDGD HVWD OLQGD JDWHDGD )RUWH HVWUXWXUDGD H WDPEHP FRP JUDQGH SRUWHQFLDO IXQFLRQDO 6XD PmH ILOKD GH (O &LG GH 6mR %LELDQR FDYDOR TXH SURGX]LX JUDQGHV PmHV QD &DEDQKD ;LQLTXi 6HX SDL TXH IRL SUHPLDGR HP YDULDV H[SRVLo}HV p )LOKR GH &DPE 7RQFKR FDYDOR FRQVDJUDGR QD UDoD
&58=(,52 &,*$12
/RWH
&,*$1$ '2 ;,1,48È &$1-,&$ &,*$1$
/RWH
',1'$ '2 ;,1,48É
.$%85e '$ '20 &$1','2
%DLD (QFHUDGD 53 )rPHD QDVF
&HEUXQR 53 0DFKR QDVF
/$ ,19(51$'$ +251(52
%7 %5$92
%7 /8&(52
-848,5, '2 38581
%7 3$03($1$ %7 %(0 $0$'2 %7 $3$&+( %7 /(17,/+$ %7 75,*8(,5$
3(802 &+,&2 &$17,1(5$
3RWUDQFD DPDQXQFLDGD FRP yWLPR WHPSHUDPHQWR XPD GDV PDLV OLQGDV GR ORWH TXH DJUHJD RV JUDQGHV VDQJXHV GD UDoD XPD GDV PDLV GLItFHLV GH
25,;È '2 38581 7521*2/ 3,/3,/&2 526,1+$ '$ 75$',d2 526,1+$ '$ 75$',d2
FRORFDU j YHQGD SRLV LPSUHVVLRQD /$ ,19(51$'$ +251(52
%7 )$55283,/+$ %7 /$0%25*8,1(
HP PmH 6HxXHOR 'HVWDFD VH SHOR VHOR UDFLDO WLSLFLGDGH H PXLWD IXQomR $PDQXQFLDGR
%7 &$1+$'$
%7 3,&$5',$ 35(7(1&,26$ '2 ;,1,48È
5= 7,5$1$ '$ &$5$38d$
0$/(92 '2 48$57(/ 0(675(
%$7$/+$ '2 ;,1,48$
PmHV GD FDEDQKD VHQGR ILOKD GH %7 /DPERUJXLQH
3RWUR TXH PDLV PH DJUDGD QDVFLGR DWp KRMH QD FDEDQKD
SHOR VHX FRQMXQWR
76 /$d$'25
)5217(,5$ '2 ;,1,48È
)LOKR GR 2UL[i HP 5= 7LUDQD GD &DUDSXoD GDV JUDQGHV
6$17$ (/%$ 6(f8(/2
/RWH
$025$ '( 6$17$ $1*(/,&$ &+$55$ '( 6$17$ $1*e/,&$
/RWH
2'$/,6&$ 3 $ 6 '2 &21(68/
'2,'$ '2 ;,1,48É
=DLQD &RORUDGD 53 )rPHD QDVF
*DWHDGD 53 )rPHD QDVF
6$17$ (/%$ %(//$&2
/$ ,19(51$'$ +251(52
(/ $5202 '( 3,&+,'e*8$ &$03(52
%7 /8&(52 %7 3$03($1$ %7 %(0 $0$'2 %7 $3$&+( %7 /(17,/+$ %7 75,*8(,5$
3RWUDQFD JDWHDGD DPDQXQFLDGD
/26 0$48,6 6,(67$
FRP GHVWDFDGD PRUIRORJLD H JDUDQWLD GH IXQomR 1R VHX SDL HQFRQWUDPRV JUDQGHV FDYDORV GD UDoD %7 /XFHUR H %7 %UDYR H QD VXD OLQKD PDWHUQD D PHVPD GH %DOFRQHUR )ORU GR 7DEXOHUR ±
=$1$*2 '( 62 %,%,$12 (/ &,' '( 62 %,%,$12
0DFKR GD ([SRLQWHU 4XH SHGLJUHH
%7 '20,1,48( %7 7523,/+$
&UX]DPHQWR GH SXUD IXQomR 0H UHVHUYR GH XPD ILOKD VXD FRP ËQGLR GR %RHLUR H R PHOKRU SRWUR QDVFLGR QHVVD WHPSRUDGD p HVWH QHWR GD 2GDOLVFD 6KRZ GH IrPHD DR Sp EUDJDGD H ILOKD GR 2UL[i 0DQFKD 3DPSD GD 'RP &kQGLGR
/$ ,19(51$'$ (1&20(1'(52 ,, -85$'2 '$ 75$',d2
6HJXLQGR QR PHX DIL[R SRGH FRUUHU R FDUUR HP (VWD YD]LD
*$,927$ 3 $ 6 '2 &21(68/ %7 %,&2 '( )(552 '2 -81&2
0$/(92 '2 48$57(/ 0(675(
)$17$6,$ &25$/
/$ ,19(51$'$ +251(52
$&8/(2 25*8//26$
&258-$ '( 62 %,%,$12 2)e/,$ '2 ;,1,48È
)217( '2 ;,1,48È
%7 ,19(512
/RWH
3 $ 6 $9(/ '2 %,&2 3/80$ 3 $ 6 3267(,5$
/RWH
3(&$'25 '$ 5(&2148,67$
',$1$ '2 ;,1,48Ã&#x2030; %DLD 53 )rPHD QDVF
7RUGLOKD 53 0DFKR QDVF
75(1 75(1 $55(%2/ /$ ,19(51$'$ +251(52 $&8/(2 1875,$ ,,
/$ ,19(51$'$ +251(52
&OiVVLFR FUX]DPHQWR %7 /XFHUR HP PmH &DPSHUR 3UD TXHP SURFXUD XP IXWXUR SDL FRP D
%7 /8&(52 /$ ,19(51$'$ $1,9(56Ã&#x2C6;5,2 %7 3$03($1$ %7 )8=$5&$
SRVVLELOLGDGH GH SDUWLFLSDU GH SURYDV IXQFLRQDLV ODoR H FRQFRUUHU D GXDV PRWRV H XP FDUUR NP
%7 /8&(52 %7 3$03($1$ %7 %(0 $0$'2 %7 $3$&+( %7 /(17,/+$ %7 75,*8(,5$
%W WRUGLOKR H FRP HVVH SDSHO QmR VDL (/ $5202 '( 3,&+,'e*8$ &$03(52 %7 ,148,6,725 %7 6(5(1$7$
j YHQGD WRGRV RV GLDV $SURYHLWHP
0$/(92 '2 48$57(/ 0(675(
$PDQXQFLDGR
3RVVXL HP VHX SHGLJUHH D PHVPD OLQKDJHP PDWHUQD GH -XUD GR ,WDy )UHLR GH 3UDWD R TXH QRV Gi JDUDQWLD GH IXQFLRQDOLGDGH
*8$03$ '2 ;,1,48Ã&#x2C6;
/$ ,19(51$'$ +251(52
%7 25*,$
FDYDOR GH PRUIRORJLD Mi FRPSURYDGD QDV SLVWDV
'$0$ '$ &2;,/+$
*2',9$ '$ 5(&2148,67$
+257Ã&#x2021;1&,$ '$ 5(&2148,67$
%7 /,1'$d2
3RWUDQFD EDLD DPDQXQFLDGD GH JUDQGH PDQVLGmR )LOKD GH %7 %HP $PDGR
$5$8&$12 '2 &,1&2 6$/626
/RWH
)$17$6,$ &25$/ *8$-89,5$ '( 6Â2 %,%,$12
/RWH
',7$ &8-$ '2 ;,1,48É
.$'(7 '$ '20 &$1','2
%DLD 53 )rPHD QDVF
%DLD 53 0DFKR QDVF
%7 %5$92
/$ ,19(51$'$ +251(52
-848,5, '2 38581 3(802 &+,&2 &$17,1(5$ 25,;È '2 38581 7521*2/ 3,/3,/&2 526,1+$ '$ 75$',d2 526,1+$ '$ 75$',d2
08&+$&+2 '( 6$17$ $1*e/,&$ 7250(172 '$ %$'$1$
%7 /8&(52
8P UDQFKR R FDYDOR EDLR
%7 3$03($1$
%HP HVWUXWXUDGR H PDQVR 3DUD R DPLJR TXH SURFXUD XP SLQJR SUD WRGD OLGD H WDPEpP FRUUHU R ERL ÏWLPD RSRUWXQLGDGH GH FRPSUDU XP FDYDOR H VDLU GH FDUUR NP $PDQXQVLDGR
%7 75,*8(,5$
%7 '$1d$5,12
3RWUDQFD EDLD DPDQXQFLDGD LPSUHVVLRQD SHOD VXD UHWDQJXODULGDGH ( TXH YROXPH eJXD SUD SHFKDU WRXUR 6HP G~YLGD XPD GDV PHOKRUHV TXH FRORFDUHL D YHQGD
%7 &$1+$'$ 7,7$ '2 ;,1,48È
'20 ','2 189(0 8,5$3858 783$0%$e
6$17$ 7+(5(=$ (6325$
%7 $3$&+( %7 /(17,/+$
%7 3$-e
53 3$5&(,5$
'20 ','2 ,03(7826$
%7 %(0 $0$'2
=$1$*2 '( 62 %,%,$12
/RWH
0$*,$ '2 ;,1,48È 526,/+$ &25$/
/RWH
'(7$/+( '2 ;,1,48Ã&#x2030;
.$'8 '$ 9,*$
&RORUDGD 53 )rPHD QDVF
&RORUDGD 'RXUDGLOKD 53 0DFKR QDVF
/$ ,19(51$'$ +251(52
*8$03$ %8+2
%7 /8&(52 %7 3$03($1$ %7 %(0 $0$'2 %7 $3$&+( %7 /(17,/+$ %7 75,*8(,5$
'(/ 2(67( 087$17(
3RWUDQFD FRORUDGD DPDQXQFLDGD
'(/ 2(67( 0$/9$
GH SHODJHP EHOtVVLPD H FRP XP SHGLJUHH LUUHWRFiYHO 1D VXD OLQKD SDWHUQD HQFRQWUDPRV R JUDQGH %7 /XFHUR H QD VXD OLQKD PDWHUQD XPD
$/$5,)( '2 38581Â /$ ,19(51$'$ +251(52 %7 %$521(6$ %7 )8=$5&$
%7 3$-e
%7 3$/+(,52 ,,
8PD GDV PDLV IXQFLRQDLV GR ORWH
+(50$12 '$ 5(,Ã&#x2019;1$
%7 &$1+$'$
$1$+< '$ 5(,Ã&#x2019;1$
7$1*$ '2 ;,1,48Ã&#x2C6;
'(6/,=( '$ 9,*$
0$/(92 '2 48$57(/ 0(675( )250$785$ '2 ;,1,48Ã&#x2C6; $/$ 38;$ '2 ;,1,48Ã&#x2C6;
3RWUR LQGLFDGR WDQWR SDUD WRGD D IDPtOLD GHVGH RV SLD]LWRV DWp R DPLJR ODoDGRU
GDV PHOKRUHV OLQKDJHQV GD UDoD DWUDYpV GH %7 &DQKDGD %7 '$1d$5,12
8P SRWUDoR /LQGR IRUWH PDQVR 'HVWDFD VH SHOD VXD SUHFRFLGDGH H GRFLOLGDGH
(/ &,' '( 6Â2 %,%,$12
/RWH
%(7,1+$ '$ 5(66$&$ ',1'$ '$ %$/$1d$
/RWH
'21$ )/25 '2 ;,1,48É
.$/(1$ '$ 9,*$
%DLD 6DOJD (VTXHUGR 53 )rPHD
12 0( 7248(6
%7 %5$92
/$ ,19(51$'$ $1,9(56È5,2 $&8/(2 *5('$ ,, %7 ,*1È&,2 &203$'521 &+$548( %7 $0$32/$ %7 )8=$5&$
%DLD 53 )rPHD QDVF
-848,5, '2 38581
3RWUDQFD DPDQXQFLDGD GH SHODJHP EHOtVVLPD EDLD H VDOJD GR ROKR HVTXHUGR H TXH SHGLJUHH 1D VXD OLQKD SDWHUQD HQFRQWUDPRV JUDQGHV SDLV FRPR +RUQHUR H $SDFKH H JUDQGHV PmHV FRPR
3(802 &+,&2 &$17,1(5$ 25,;È '2 38581 7521*2/ 3,/3,/&2 526,1+$ '$ 75$',d2 526,1+$ '$ 75$',d2
/$ ,19(51$'$ $1,9(56È5,2
%7 $0$32/$
PDWHUQD %7 (UD 8PD 9H] QRV GDQGR D JDUDQWLD GH PRUIRORJLD H IXQomR
9$,'$'( '2 ;,1,48È
*8$-89,5$ &25$/
FRQVDJURX FDPSHmR GD 3URYD &ULRXORV GR 5LQFmR FXMR SUrPLR IRL XP FDUUR .0 &RQWXGR SUHFLVDPRV
%7 &2148,67$'25 '2 -81&2 '21 &+,&2 '( 6$17$ (0,/,$1$ 785,67$ '2 $5$*$12
VH GHVWDFD D PDQVLGmR e PXLWR IRUWH H LQGLFDGD SDUD DTXHOH TXH JRVWD GH DQGDU EHP PRQWDGR
&+,&$ 0,1+$ )/25 '( 6$17$ (0,/,$1$
76 /$d$'25 2'$/,6&$ '2 ;,1,48È
TXH p LUPm GH *XDVTXHLUR GD 9LJD FDYDOR TXH VH
UHVVDOWDU TXH HQWUH VXDV TXDOLGDGHV SUySULDV
%7 3DPSHDQD H %7 7ULJXHLUD ( QD VXD OLQKD %7 ,*1È&,2
3RGtDPRV UHVXPLU HVVD EDLD GL]HQGR VLPSOHVPHQWH
%$1','2 '2 $&(*8È
/RWH
$ &+$&$5È %8(1$&+$ 35(6,/+$
/RWH
.$/+$1'5$ '$ 9,*$
'21'2&$ '2 ;,1,48Ã&#x2030; %DLD 53 )rPHD QDVF
&RORUDGD 53 )rPHD QDVF
%7 '(/$17(52
/$ ,19(51$'$ +251(52
%7 3$/+(,52 ,,
%7 /8&(52
%7 ,19(-$ ,, +(50$12 '$ 5(,Ã&#x2019;1$ 5,&2 5$&2 783$0%$e $1$+< '$ 5(,Ã&#x2019;1$ 6Â2 0$57,0 52/,7$
%7 3$03($1$
2 SDL GH .DOKDQGUD +HUPDQR GD 5HL~QD TXH GLVSHQVD FRPHQWiULRV QRV SUHVHQWHRX HVVD OLQGD FRORUDGD GH PRUIRORJLD SULYLOHJLDGD &RPSULGD IUHQWH OHYH
%7 %(0 $0$'2 %7 $3$&+( %7 /(17,/+$ %7 75,*8(,5$
FDEHoD ERQLWD H GH ERD HVWUXWXUD ,038/62 '( 3$, 3$662 %7 3(5',*Â2
$FUHGLWDPRV PXLWR QD FDUUHLUD IXQFLRQDO GHVVD SRWUD
&25'(21$ '$ 9,*$
pJXD SDUD SLVWD 1D VXD OLQKD SDWHUQD R FRPSURYDGR HP PRUIRORJLD %7 %HP $PDGR H QD VXD OLQKD PDWHUQD XPD GDV
/$ ,19(51$'$ +251(52 76 /$d$'25
PHOKRUHV pJXDV IXQFLRQDLV GD FDEDQKD
48$57$ '2 ;,1,48Ã&#x2C6;
$/$5,)( 6,1&Ã&#x2021;552
&+8/$ '$ 6(55$
OHYH GH IUHQWH FRP ERD OLQKD VXSHULRU
%7 3,&$5',$
%7 ,0%8,$ ,,
)$Ã&#x2039;6&$ '2 6,/Ã&#x2021;1&,2
3RWUDQFD EDLD DPDQXQFLDGD FRPSULGD
%7 +(5'(,52
/RWH
3$03(,5$ 3$03(,5$
/RWH
.$%$5e '$ 9,*$
'28725$ '2 ;,1,48É &RORUDGD 53 )rPHD QDVF
&RORUDGD 6DOJD %UDJDGD 53 0DFKR QDVF
%7 %5$92
*8$03$ %8+2
-848,5, '2 38581 3(802 &+,&2 &$17,1(5$ 25,;È '2 38581 7521*2/ 3,/3,/&2 526,1+$ '$ 75$',d2 526,1+$ '$ 75$',d2
=$1$*2 '( 62 %,%,$12 (/ &,' '( 62 %,%,$12
'(/ 2(67( 087$17(
3DUD TXHP SURFXUD SrOR
'(/ 2(67( 0$/9$
DTXL YDL XP EUDJDGR FRORUDGR VDOJR (VVH SRWUR LPSUHVVLRQD SHOR VHOR H HVWUXWXUD &RP JDUXSD SRWHQWH H JDUU}HV IRUWHV EHP DQJXODGRV 9HP GDV PHOKRUHV OLQKDJHQV GH ODoR GD &DEDQKD
&258-$ '( 62 %,%,$12
%7 %$521(6$ %7 )8=$5&$
LPSUHVVLRQD SHOD VXD UHWDQJXODULGDGH H VHX YROXPH )LOKD GH $ODULIH GR 3XUXQm SDL GDV &DEDQKDV &ULRXORV GR 5LQFDR H TXH YHP VH GHVWDFDQGR QD VXD UHSURGXomR HP XPD
=$1$*2 '( 62 %,%,$12 (/ &,' '( 62 %,%,$12
GDV pJXDV PDLV OLQGDV GD FULDomR ;LQLTXi 'LILFLO GH FRORFDU j YHQGD
5$1&+(,5$ ,, '2 ;,1,48È
&+$548( *$9,27(52
3('5(*8/+2 257Ç1&,$
/$ ,19(51$'$ +251(52
&258-$ '( 62 %,%,$12
%(7,1+$ '$ 5(66$&$
',1'$ '$ %$/$1d$
$/$5,)( '2 38581
3RWUDQFD FRORUDGD DPDQXQFLDGD
0$/(92 '2 48$57(/ 0(675(
/RWH
-2&$67$ '2 ;,1,48È 6$17$1'(5 '( %$*e
/RWH
'$1$'$ '2 ;,1,48É
2&$6,®2 '$ 5(66$&$
7RUGLOKD 53 )rPHD QDVF
0RXUD 53 )rPHD QDVF
/$ ,19(51$'$ +251(52
6$17$ (/%$ 6(f8(/2
%7 /8&(52 %7 3$03($1$ %7 %(0 $0$'2 %7 $3$&+( %7 /(17,/+$ %7 75,*8(,5$
-$/,6&2 '( 6$17$ $1*e/,&$
3RWUDQFD WRUGLOKD DPDQXQFLDGD FRP GHVWDFDGD PRUIRORJLD
32=2 $=8/ &$67$f8(/$ %87,È 8/7,0$72 6$17$ (/%$ &20(',$17( %87,È /80$
3DUD JDQKDU FDPSHRQDWRV
%7 7250(17$
( TXH WHPSHUDPHQWR %7 /,1'$d2
1278512 783$0%$e 5(/,1&+2 7$580 32/$&$ 7$580
'$0$ '$ &2;,/+$ +,67Ï5,$ '2 ;,1,48È
%LRWLSR IXQFLRQDO IUHQWH OHYH SRVWHULRU SRWHQWH H JDUUmR EHP GREUDGR QmR WHP FRPR GDU UXLP $PDQXQFLDGD
'(1*26$ '$ 62 -$18È5,2
321&+2 '( 6$17$ 587+
&$7,7$
HVWD SRWUD PRXUD FDEHoD SUHWD
'HVFHQGH GH 6HQXHOR H &RPHGLDQWH
)LOKD GD PHOKRU pJXD IXQFLRQDO GD FDEDQKD
0$/(92 '2 48$57(/ 0(675(
*8$-89,5$ &25$/
5DULGDGH D YHQGD
&$67(/+$12 '$ 75$',d2
/RWH
,%e5,&$ '2 62/$5 '21'2&$ '2 62/$5
/RWH
'81$ '2 ;,1,48É
.$%85e '$ 9,*$
&RORUDGD 53 )rPHD QDVF
&RORUDGD 53 0DFKR QDVF
*8$03$ %8+2 '(/ 2(67( 087$17( '(/ 2(67( 0$/9$ $/$5,)( '2 38581 /$ ,19(51$'$ +251(52 %7 %$521(6$ %7 )8=$5&$
%7 %5$92
3RWUDQFD FRORUDGD DPDQXQFLDGD GH JUDQGH PRUIRORJLD )LOKD GH $ODULIH GR 3XUXQm FDYDOR HVWH TXH p ILOKR GH 'HO 2HVWH 0XWDQWH H %7 %DURQHVD ( VXD PmH DJUHJD VDQJXHV GH
-848,5, '2 38581 3(802 &+,&2 &$17,1(5$ 25,;È '2 38581 7521*2/ 3,/3,/&2 526,1+$ '$ 75$',d2 526,1+$ '$ 75$',d2
%7 'HODQWHUR H 7URQJRO 3LOSLOFR %7 '$1d$5,12 %7 3$-e %7 &$1+$'$
5HXQLQGR HP VHX SHGLJUHH R TXH
12%5( 783$0%$e
H[LVWH GH PHOKRU QD $UJHQWLQD H QR %UDVLO
7,$=,1+$ '2 ;,1,48È
6(55$1$ '2 $&(*8È
0$1&+$ 783$0%$e /,&+,*8$1$ '2 '(6&$162 9(/+2
0$/(92 '2 48$57(/ 0(675( +257Ç1&,$ '2 ;,1,48È
8,5$3858 783$0%$e
.DEXUp p XP SRWUR TXH DSUHVHQWD PRYLPHQWRV OHYHV PXLWR IRUWH H PDQVR 'H SHOR PXLWR OLQGR VXDV LUPmV VmR WRGDV EXHQDV GH ODoR ,PSUHVVLRQD SHOD TXDOLGDGH GR VHX VHOR UDFLDO e PXLWR GyFLO H VH PH[H FRPR SRXFRV (VVD FDUDFWHUtVWLFD KHUGRX GH VXD PmH WDPEpP pJXD GR ODoR
&$5'2 '20 0(1'21d$
/RWH
'(63$&+$'$ '2 '(6&$162 9(/+2 ;(5(7$ '$ 0$*1Ï/,$
/RWH
.$/,)$ '$ 9,*$
',1$0,7( '2 ;,1,48É 7RUGLOKD 53 )rPHD QDVF
&RORUDGD 6DOJR (VTXHUGR 53 0DFKR QDVF %7 %5$92
/$ ,19(51$'$ +251(52
-848,5, '2 38581 3(802 &+,&2 &$17,1(5$ 25,;È '2 38581 7521*2/ 3,/3,/&2 526,1+$ '$ 75$',d2 526,1+$ '$ 75$',d2
%7 /8&(52
3RWUR SDUD TXHP GHVHMD ID]HU ERD ILJXUD H SDVVDU EHP PRQWDGR R GH VHWHPEUR /LQGR GH ERD FHUGD PDQVR H FRPR VH Vy LVVR QmR EDVWDVVH VDOJR
%7 3$03($1$ %7 %(0 $0$'2 %7 $3$&+( %7 /(17,/+$ %7 75,*8(,5$
+(50$12 '$ 5(,Ò1$ $1$+< '$ 5(,Ò1$
=$1$*2 '( 62 %,%,$12
FRQIRUPH SURPHWLGR QR 5HPDWH &ULRXORV GR 5LQFmR GH
(59$ '2&( '$ 9,*$
-$55(7(5$ '2 &,1&2 6$/626
(/ &,' '( 62 %,%,$12 &258-$ '( 62 %,%,$12 1,&27,1$ '2 ;,1,48È
DSUHVHQWRX RV PHOKRUHV PRYLPHQWRV 8PD EDOD 3UD JDQKDU SURYD GH GRPD +RUQHUR [ $QLYHUVDULR H QD VXD OLQKD PDWHUQD QDGD PHQRV TXH 1LFRWLQD GR ;LQLTXi JDQKDGRUD GH 3URYD GH 'LDV GH 'RPD
321&+2 '( 6$17$ 587+
'21 &+,&2 '( 6$17$ (0,/,$1$ '21$ &+,&$ '( 6$17$ (0,/,$1$
FRP JUDQGH IXWXUR IXQFLRQDO SRLV GH WRGDV IRL D TXH
SRLV QD VXD OLQKD SDWHUQD HQFRQWUDPRV
$t HVWi D PRQWDULD GLIHUHQFLDGD %7 3$/+(,52 ,,
3RWUDQFD WRUGLOKD DPDQXQFLDGD
/RWH
*8$-89,5$ &25$/ &$7,7$
/RWH
2/+(,5$ '$ 5(66$&$
'$1d$ '2 ;,1,48Ã&#x2030; 7RUGLOKD 53 )rPHD QDVF
5RVLOKD 7RVWDGD 53 )rPHD QDVF
/$ ,19(51$'$ (1&20(1'(52 ,
/$ ,19(51$'$ +251(52 %7 /8&(52
)$7 267,*262 )$7 +251$'$ 5= /$ (6 0$'5,*$/ '$ &$5$38d$ ,'$+8( 267,*262 +257(/Â -% '( 3$/(502 &$521$ '$ %2$ 9,67$
%7 3$03($1$
0XLWR WtSLFD D SRWUD URVLOKD WRVWDGD IUHQWH OHYH H JDUXSD SODQD
%7 %(0 $0$'2 %7 $3$&+( %7 /(17,/+$
WHP PXLWD DJLOLGDGH HP VHXV PRYLPHQWRV
%7 75,*8(,5$
758&2 /$ ,19(51$'$
$PDQXQFLDGD
/$ ,19(51$'$ +251(52 76 /$d$'25
$=$/e$ '2 7,*5(
&RQFHQWUDomR GH VDQJXH %7
3527(*,'$ '2 ;,1,48Ã&#x2C6;
'(1*262 '( 6Â2 %,%,$12
9,'5$d$ '$ 35,0$9(5$
)LOKD GH %7 %HP $PDGR HP PmH %7 /DoDGRU
%7 3,&$5',$
7(/85,&$ '2 9$&$&$,
7(/85,&$ '$ 35,0$9(5$
&RP IUHQWH OHYH H OLQKD VXSHULRU ILUPH 5HXQLQGR HP VHX SHGLJUHH DOWD
*HQpWLFD GH PRUIRORJLD H IXQomR (63,1,/+2 '2 6$,%52
3RWUDQFD WRUGLOKD DPDQXQFLDGD
$5$8&$12 '2 &,1&2 6$/626
/RWH
)$17$6,$ &25$/ *8$-89,5$ '( 6Â2 %,%,$12
/RWH
2)(5(1'$ '$ 5(66$&$
1,1)$ '$ 5(66$&$
7RVWDGD 53 )rPHD QDVF
/$ ,19(51$'$ (1&20(1'(52 ,
08&+$&+2 '( 6$17$ $1*e/,&$
)$7 267,*262
7250(172 '$ %$'$1$
)$7 +251$'$ 5= /$ (6 0$'5,*$/ '$ &$5$38d$ ,'$+8( 267,*262 +257(/ -% '( 3$/(502 &$521$ '$ %2$ 9,67$
*DWHDGD 53 )rPHD QDVF
53 3$5&(,5$
3RWUD WRVWDGD GH PXLWD HVWUXWXUD
'(&,','2 7523(,52
H ERP WHPSHUDPHQWR +RUQHUR QD OLQKD DOWD
,'$+8( )257$&+2 58,9$ 7523(,52 -$1*$'$ 7523(,52
H ,QVyOLWR QD OLQKD EDL[D
+,63$12 '2 $&$03$0(172
$PDQXQFLDGD
12%5( 783$0%$e 8,5$3858 783$0%$e
&$67(/+$1$ '$ 62 -$18È5,2
6XD PmH GHVFHQGH GH 1REUH 7XSDPEDp )UHLR GH 2XUR (VVD SURPHWH
'20 ','2 /8;Ò5,$
52'5,*2 '2 &,1&2 6$/626
-2$1,1+$ '$ 35,0$9(5$
6HX SDL p ILOKR GH 7RUPHQWR GD %DGDQD TXH IRL
0$1&+$ 783$0%$e
,1&$ 783$0%$e
$8,7$ '$ 35,0$9(5$
(VEDQMD WLSLFLGDGH H VHOR UDFLDO 7HUFHLUR 0HOKRU 0DFKR QD ([SRLQWHU H %RFDO GH %URQ]H
*HQpWLFD GH PXLWD IXQomR 6$17$ &58= ,16Ï/,72
3RWUD JDWHDGD GDV PDLV OLQGDV GHVWH UHPDWH
%7 ,/8675(
/RWH
3$75,27$ '2 &248(,52 %7 )$;,1$
/RWH
'2d85$ '2 ;,1,48É
1(*5$ /,1'$ '$ 5(66$&$
7RUGLOKD 53 )rPHD QDVF
=DLQD 53 )rPHD QDVF
/$ ,19(51$'$ +251(52
%7 %5$92
%7 /8&(52 %7 3$03($1$ %7 %(0 $0$'2 %7 $3$&+( %7 /(17,/+$ %7 75,*8(,5$
/$ ,19(51$'$ +251(52 76 /$d$'25
-848,5, '2 38581
3RWUDQFD WRUGLOKD DPDQXQFLDGD 'HPRQVWUD JUDQGH KDELOLGDGH IXQFLRQDO ,QGLFDGD SDUD TXHP TXHU JDQKDU D 3URYD GH 'RPD &ULRXORV GR 5LQFmR )LOKD GH %7 %HP $PDGR %7 /XFHUR [ %7 /HQWLOKD FDYDOR HVWH ILQDOLVWD GD ([SRLQWHU
526,1+$ '$ 75$',d2 526,1+$ '$ 75$',d2
/LQGD SRWUD ]DLQD LUPm SDWHUQD GD JDQKDGRUD GD 3URYD PHVHV GH 'RPD 6HX SDL IRL UHVHUYDGR *UDQGH &DPSHmR HP &DQRLQKDV H *XDUDSXDYD
%7 6$5*(172
$PDQXQFLDGD
%$0%2//(52 '2 62%5$',1+2
(59$ 0$7( '2 7$0%25e
321&+2 '( 6$17$ 587+
&$7,7$
7521*2/ 3,/3,/&2
%7 5(/$1&,1$
%7 3,&$5',$ 2'$/,6&$ '2 ;,1,48È
*8$-89,5$ &25$/
3(802 &+,&2 &$17,1(5$ 25,;È '2 38581
6(1'(52 .$/,)$
/RWH
-$1'$,$ '( 6$17$ (':,*(6 &+$.( 1$ 5(*$/$'$
/RWH
1$1,&$ '$ 5(66$&$
25*,$ '$ 5(66$&$
*DWHDGD 53 )rPHD QDVF
&RORUDGD 53 )rPHD QDVF
%7 %5$92
08&+$&+2 '( 6$17$ $1*e/,&$
-848,5, '2 38581
7250(172 '$ %$'$1$
3(802 &+,&2 &$17,1(5$ 25,;È '2 38581 7521*2/ 3,/3,/&2 526,1+$ '$ 75$',d2 526,1+$ '$ 75$',d2
53 3$5&(,5$
$SHVDU GD SRXFD LGDGH Mi HVWi GRPDGD D SRWUD JDWHDGD &DEHoD ERQLWD FHUGD IDUWD PDQVD H OLJHLUD 7DPEpP p LUPm GD
'(&,','2 7523(,52 ,'$+8( )257$&+2 58,9$ 7523(,52 -$1*$'$ 7523(,52
6$17$ (/%$ &2%5(
12%5( 783$0%$e 8,5$3858 783$0%$e
,'$+8( +,-$ %8(1$
0$1&+$ 783$0%$e
&$53(7$ '$ &$529<
5,7$ /((
7RUPHQWR GD %DGDQD QD OLQKD DOWD 7HP yWLPR WHPSHUDPHQWR $PDQXQFLDGD
'20 ','2 /$6&$
$55(%2/ '( 6$172 Æ1*(/2 &$529, '2 0$5
FRPSULGD VHOXGD H FRP VDQJXH IXQFLRQDO H 1REUH 7XSDPEDp QD OLQKD EDL[D
JDQKDGRUD GD 3URYD PHVHV GH 'RPD ,'$+8( 3$,1e
&RORUDGD PXLWR OLQGD IHPLQLQD
&$03(,52 '26 75Ç6 &Ç5526
/RWH
'20 ','2 5(1$6&(1d$ 5(/,48,$ '$ 0$*1Ï/,$
/RWH
2)e/,$ '$ 5(66$&$
25'(1$1d$ '$ 5(66$&$
*DWHDGD 53 )rPHD QDVF
7RUGLOKD 53 )rPHD QDVF
0(/,1&8( &+8<&2
/$ ,19(51$'$ +251(52
0$f$1(52 3,&$)/25
12%5( 783$0%$e
0$1$1(52 3$/20,7$ $6 0$/.( &2521(/ /$ ,19(51$'$ $1,9(56Ã&#x2C6;5,2 )2548,/+$ '$ ,7$3,72&$, )2548,/+$ '2 ,7$3,72&$,
35(&,26$ '2 &,1&2 6$/626
9DL GDU GH SHFKDU WRXUR HVWD SRWUD JDWHDGD e FRPSULGD EHP DSUXPDGD
&(17(1Ã&#x2C6;5,2 '$ 7$/$ /$ ,19(51$'$ +251(52 '(1*26$ '$ $*$3Ã&#x2021;
H PXLWR SURIXQGD 6HX SDL $6 0DONH &RURQHO
%7 52/(7$
'20 ','2 )$&(,52
$PDQXQFLDGD
&$0% 721&+2
$PDQXQFLDGD
1$7Ã&#x2C6;/,$ '( 6$172 Ã&#x2020;1*(/2
'20 ','2 -85(0$
1,$==, +,/(5$
8/,66(6 '2 &,1&2 6$/626
0$17$ '$ &$1+$'$
&DPE 7RQFKR 7HUFHLUR 0HOKRU 0DFKR GD ([SRLQWHU
'20$'25 '2 ,7$3,72&$,
'20 ','2 5($/(=$
(/(*Ã&#x2020;1&,$ '2 6$,%52
1REUH 7XSDPEDp )UHLR GH 2XUR SRU SDUWH GH SDL H H SDL GH ,QGLR GR %RHLUR SRU SDUWH GH PmH
IH] D EDVH GD &DEDQKD 6RO GH 0DLR 12%5( 783$0%$e
3RWUD WRUGLOKD FRP JHQpWLFD FRPSURYDGD
%7 '(6752 '2 -81&2
/RWH
9$/(1&,$1$ '2 ,9< 0$5$( 62/$1$6 '2 ,9< 0$5$(
/RWH