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SHUVRQHV i- "KVOUBNFOU IB EF CVTDBS GØSNVMFT QFS BKVEBS FO BRVFTUT NPNFOUT MFT GBNÓMJFT FO SJTD E FYDMVTJØ TPDJBMw $PN WBMPSFT MB EFDJTJØ EFM 5SJCVOBM 4VQFSJPS EF EPOBS MB SBØ BMT NÞTJDT BDPNJBEBUT EF M &TDPMB EF .ÞTJDB .PMU QPTJUJWB 1PU PCSJS FM DBNÓ B MB SFn FYJØ TPCSF MFT DPOEJDJPOT DPOUSBDUVBMT J TPDJBMT EFM TFDUPS EF MB NÞTJDB J QFM RVF GB BM 1BUSPOBU .VOJDJQBM EF MB .Þ TJDB FM GFU E IBWFS QFSEVU QFS TFHPOB WFHBEB DPOTFDVUJWB MFT TFWFT SFDMBNBDJPOT EFNPTUSB RVF MFT DPTFT OP FT WBO GFS CÏ "SB EFT EF $$00 WPMFN NJSBS DBQ B FOEBWBOU J RVF MB NÞTJDB TPOJ TFHPOT FMT BDPSET EF MFT CPOFT QSËDUJRVFT MBCPSBMT J FM CPO SPUMMP $$00 IB EFNBOBU DPOUSPM TPCSF MB DPOUSBDUBDJØ EF QFSTPOBM BSSBO EF MFT PCSFT EFM 1MB ;BQBUFSP /P FOT QPEFN SF m BS EFM HPWFSO MPDBM B M IPSB EF DPNQMJS MB QSPNFTB EF MMPDT EF GFJOB /P IBVSJB EF TPSQSFOESF RVF .BSJB (BMMBSEP FYJHJN DPOUSPM QÞCMJD EFMT EJ 4FDSFUËSJB (FOFSBM EF $$00 B #BEBMPOB OFST QÞCMJDT /P ÏT RàFTUJØ EF SFm BS TF FT SFDMBNB USBOT QBSÒODJB % BRVÓ MB QSPQPTUB -B YJGSB EF CBEBMPOJOT BUVSBUT KB TVQFSB FMT ²T VOB EF MFT E VOB DPNJTTJØ RVF HBSBOUFJYJ DPOTFRàÒODJFT NÏT FWJEFOUT EF MB DSJTJ FDPOÛNJDB RVF BGFDUB UPU FM QBÓT "SB NÏT RVF NBJ FMT TJOEJDBUT IBO JOUFOTJm DBU MB TFWB FM DPSSFDUF GVODJPOBNFOU FYF DVDJØ J BWBMVBDJØ EFMT QSPKFDUFT GFJOB QFS BCBOEFSBS TF DPN B EFGFOTPST EF MB DMBTTF USFCBMMBEP RVF MFT QFSTPOFT PCKFDUF EF SB 6O EFMT NÏT BDUJVT B #BEBMPOB ÏT $PNJTTJPOT 0CSFSFT RVF DPOUSBDUBDJØ TJHVJO MFT EF NBKPS UBNCÏ WB EPOBS TVQPSU BMT NÞTJDT BDPNJBEBUT QFS M &TDPMB EF EJm DVMUBU FDPOÛNJDB J TPDJBM B .ÞTJDB J RVF BSB FM 5SJCVOBM 4VQFSJPS EF +VTUÓDJB EF $BUBMVOZB FMT #BEBMPOB J RVF FT SFTQFDUJO IB EPOBU EFm OJUJWBNFOU MB SBØ FMT ESFUT MBCPSBMT EF TBMVU FO FM

QBH JOEE

727 %DGDORQD


USFCBMM J EF QSFWFODJØ $SFJFN RVF ÏT VOB DPTB OBUVSBM " #BEBMPOB FT NVMUJQMJRVFO FMT BUVSBUT 2VÒ IJ QPU GFS M "KVOUBNFOU QFSTPOFT FO FM NFT EF GFCSFS M "KVOUBNFOU EF #BEBMPOB IB E BQPTUBS QFS M PGFSUB QÞCMJDB E PDVQBDJØ J EF RVBMJUBU FTUJNVMBS MB JOWFS TJØ FO JOOPWBDJØ GFS BUSBDUJWB MB JNQMBOUBDJØ E FNQSFTB EF WBMPS BGFHJU J DPODFSUBS BNC FMT BHFOUT TPDJBMT MFT QPMÓUJ RVFT BDUJWFT OFDFTTËSJFT QFS EPUBS MFT QFSTPOFT FYDMPTFT EFM NFSDBU MBCPSBM MB GPSNBDJØ J BEFRVBDJØ FO FMT TFDUPST FNFSHFOUT

BMUT DËSSFDT FUD -B CBJYBEB E JNQPTUPT SFQSFTFOUBSJB VOB NJOWB FO FM EFTFOWPMVQBNFOU EF M &TUBU EFM #FOFTUBS

)B EF CBJYBS M "KVOUBNFOU FMT JNQPTUPT DPN IB GFU 4BOU #PJ 1FSTPOBMNFOU OP TØD QBSUJ EËSJB EF CBJYBS JNQPTUPT ÏT QSPQJ EF MB ESFUB J EFMT FN QSFTBSJT "SB CÏ EFT EF M "KVOUBNFOU T IBO EF CVTDBS GØSNVMFT QFS BKVEBS FO BRVFTUT NPNFOUT MFT GBNÓMJFT FO SJTD E FYDMVTJØ TPDJBM J QVKBS FMT JNQPTUPT B MFT SFOEFT NÏT BMUFT BERVJSJS FM DPNQSPNÓT EF DPOHFMBDJØ E JNQPTUPT J UBYFT NVOJDJ QBMT QFS B TPMtMJDJUBS BM HPWFSO DFOUSBM MB QVKBEB EF JNQPTUPT B M BMDPIPM FM UBCBD FMT DBSCVSBOUT HSBOT GPSUVOFT DPOHFMBDJØ EFMT TBMBSJT EFMT

DFWXDOLWDW

$BSMFT 5PSOFSP

%JVNFOHF QBTTBU FT WB DFMFCSBS FM %JB JOUFSOBDJPOBM EF MB %POB &ODBSB RVFEB NPMU QFS GFS -FT EPOFT WBN DPNQMJS MB NBKPSJB E FEBU GB NPMUT BOZT 4FHVJS UPU J FMT BWFOÎPT SF DMBNBOU FO FM TFHMF 99* FMT ESFUT FNNBSDBUT FO MB %F DMBSBDJØ 6OJWFSTBM EFMT %SFUT EF M wIPNFw EFNPTUSB JNNB EVSFTB QFSTPOBM J MB SFTJTUÒO DJB EFMT IPNFT B DPNQBSUJS FO JHVBMUBU EF DPOEJDJPOT FM iQPEFSw

2VJFSFT DPMBCPSBS 7PMT DPMrMBCPSBS DPMrMBCPSB

*OGØSNBUF BRVÓ P FO *OGPSNBhU BRVÓ P B

727 %DGDORQD

QBH JOEE

XXX BGSJDBOPTNJSB DPN


DFWXDOLWDW

UHSRUWDWJH

$BSMFT $BSWBKBM

-B 3FWJTUB &M 5PU ÏT FM NJUKË MPDBM BNC NÏT MFDUPST EF MB DPNBSDB EFM #BSDFMPOÒT /PSE #BEBMPOB t -B QSJNFSB POBEB EFM #BSÛNFUSF EF MB $PNVOJ DBDJØ J MB $VMUVSB E BRVFTU BOZ TJUVB FM TFUNBOBSJ HSBUVÕU &M 5PU #BEBMPOB .POUHBU J 5JBOB DPN FM NÏT MMFHJU EF MB DPNBSDB EFM #BSDFMPOÒT /PSE "RVFTUB ÏT MB QSJNFSB WFHBEB RVF FM OPTUSF TFUNBOBSJ mHVSB BM #BSÛNFUSF EF MB $PNVOJDB DJØ -FT EBEFT B OJWFMM DBUBMË TJUVFO &M 5PU FOUSF FMT QSJ NFST HSBUVÕUT NÏT TFHVJUT EF UPU $BUBMVOZB &M TFUNBOBSJ PDVQB MB USFOUFOB QPTJDJØ EFM SËORVJOH EF QVCMJDBDJPOT TFUNBOBMT B UPU $BUBMVOZB RVF JODMPV QVCMJDB DJPOT HSBUVÕUFT J EF QBHBNFOU J RVF FO BRVFTUB POBEB FTUË FO DBQÎBMBU QFS MFT SFWJTUFT 1SPOUP )PMB J -FDUVSBT -ÓEFS BM #BSDFMPOÒT /PSE "NC MFT EBEFT B MB NË &M 5PU

&M3FQPSUBUHF JOEE

MBOB BNC VO NFSDBU QPUFODJBM EF NJMJPOT EF DPOTVNJEPST "RVFTUFT EBEFT SBEJPHSBGJFO MFT BVEJÒODJFT EFMT NJUKBOT EF DPNVOJDBDJØ EJBSJT TVQMF NFOUT QVCMJDBDJPOT QFSJÛEJ RVFT SËEJPT UFMFWJTJØ J JOUFSOFU FOUSF MB QPCMBDJØ NBKPS EF BOZT EVSBOU FM B QBSUJS E VOB ËNQMJB NPTUSB EF QFSTPOFT FOUSFWJTUBEFT B MFT MMBST "RVFTUB QSJNFSB POBEB EF M BOZ EFM #BSÛNFUSF EF MB $PNVOJDBDJØ J MB $VMUVSB FTUSFOB B NÏT VOB TÒSJF EF OPWFUBUT "JYÓ B QBSUJS E BSB FM #BSÛNFUSF EVSË B UFSNF MFT TFWFT IBCJ UVBMT POBEFT EF GPSNB CJNFTUSBM PGFSJOU E BRVFTUB NBOFSB VOFT EBEFT EF EJGVTJØ NÏT BDVSBEFT -B QSPQFSB POBEB EFM #BSÛNF USF TPSUJSË B MB MMVN FM QSPQFS EF NBJH

ÏT FM NJUKB EF DPNVOJDBDJØ MPDBM NÏT TFHVJU J MMFHJU B MB DPNBSDB EFM #BSDFMPOÒT /PSE -B SFWJT UB HBVEFJY BDUVBMNFOU E VOB HSBO JNQMBOUBDJØ B MB DJVUBU EF #BEBMPOB - BMUSF NJUKË FTDSJU EF MB DPNBSDB EFM #BSDFMPOÒT /PSE RVF mHVSB BM #BSÛNFUSF ÏT FM CJNFOTVBM 4ØD FEJDJØ EF 4BOUB $PMPNB EF (SBNFOFU QFSÛ BNC NFOZT MFDUPST RVF &M 5PU &M #BSÛNFUSF UBNCÏ BOBMJU[B M BVEJÒODJB EF 5FMFWJTJØ #BEBMPOB RVF TJUVB B MB UFMFWJTJØ MPDBM FOUSF MB EJTTF UFOB NÏT WJTUB EF MB QSPWÓODJB EF #BSDFMPOB 2VÒ ÏT FM #BSÛNFUSF EF MB $PNVOJDBDJØ &M #BSÛNFUSF FTUVEJB MFT BV EJÒODJFT EFMT NJUKBOT EF DPNV OJDBDJØ J FMT DPOTVNT DVMUVSBMT FO FMT UFSSJUPSJT EF QBSMB DBUB

727 %DGDORQD


3(3 9(1785$

/$ 6$/8'

2)(57$ 3LVR $ 5()25 0$5 $ 68 *8672 KDELWDFLRQHV \ P SRFRV YHFLQRV %,(1 &2081,&$'2 ¼ 376

3(3 9(1785$

3LVR GH KDE GREOHV EDxR \ FRFLQD FRQVHUYDGRV EDOFyQ $/72 < &21 $6&(1625 ,'($/ 3$5(-$6 ¼ 376

3LVR P \ KDE & -8$1 9$/(5$ EDxR \ FRFLQD UHIRUPDGRV

&$1<$'Ï

%8)$/¬ 3LVR HQ '5 52%(57 KDE H[W FRFLQD \ EDxR VDOyQ F EDOFyQ EXHQD GLVWULE %,(1 &21 6(59$'2 -WR ,QGHSHQGHQFLD ¼ 376

VXHOR QXHYR GH JUHV SXHUWDV HPEHUR $08(%/$'2

¼ 376

È7,&2 P 7(55$=$ P KDE FRFLQD RI¿FH DLUH IULR FDORU 08< 62/($'2 DVFHQVRU 'LVSRQLEOH -XOLR ¼ 376

&(175( 3LVR P -8172 35(6,'(17 &203$1<6 KDE VDOyQ P $ 5()25 0$5 $ 68 *8672 ¼ 376

%8)$/¬

%8)$/¬

3LVR KDE ¿QFD FRQ ]RQD

025(5$

320$5

&(175( $SDUWDPHQWR HVWXGLR P & 35,0 KDE FRFLQD HTXLSDGD ¿QFD SRFRV YHFLQRV FRQ DVFHQVRU 683(5 =21$ ¼ 376

3LVR 72'2 (;7(5,25 KDE DOWXUD UHDO FRFLQD UREOH DLUH IULR FDORU WROGRV /,672 3$5$ (175$5 $ 9,9,5 ¼ 376

3LVR KDE GREOHV EDxR \ FRFLQD DUUHJODGRV VXHOR GH JUHV FDUSLQWHULD H[WHULRU GH DOXPLQLR /,672 3$5$ (175$5 $ 9,9,5 ¼ 376

/$ 025(5$ 3LVR FRQ KDE GREOHV /,672 3$5$ 9,9,5 FRFLQD FRQ HOHFWURGRPpVWLFRV SDUNHW DOWXUD UHDO %8(1$ =21$ ¼ 376

&(175(

/$ &215(5Ë$ $SDUWDPHQWRV 18(926 $ (675( 1$5 GH KDE EDxR F SODWR GXFKD FRFLQD HTXLS F HOHFWURGRP JUDQ VDOyQ P DLUH IUtR FDORU ,03(&$%/(6 ¼ 376

&(175( 3,62 P FRQ KDE FRFLQD \ EDxR VDOyQ P FRQ EDOFyQ ¿QFD FRQ DVFHQVRU -8172 $0%8/$725,2 ¼ 376

UHFUHDWLYD FRPXQLWDULD EDOFyQ D OD FDOOH EDxR \ FRFLQD UHIRUPDGRV FDOHIDF D DFRQG DVFHQVRU

¼ 376

&(175(

672 &5,672

3LVR -8172 /$ 5$0%/$ \ 3/$<$ KDE 5()250$'2 FDOHIDF \ DLUH DFRQG 683(5 =21$ /LVWR SDUD YLYLU ¼ 376

È7,&2 'Ò3/(; 6(0, 18(92 P WHUUD]D P KDE GREOHV \ EXKDUGLOOD P FDOHI WHUUD]D DFFHVR VDOyQ \ FRFLQD DVFHQVRU ¼ 376

&(175(

&$6$*(0(6

)5217 0$5Ë7,0

3LVR P KDE GREOHV JUDQ FRFLQD RI¿FH P VDOyQ F VDOLGD D EDOFyQ V SDUNHW DLUH IULR FDORU DVF &(5&$ $0%8/$725,2 ¼ 376

&DVD P EXKDUGLOOD KDE FRFLQD RI¿FH FRQ SDWLR FDOHIDF 683(5 =21$ GLYLGLGD HQ SODQWD EDMD SLVR \ EXKDUGLOOD ¼ 376

3LVR P KDE GREOHV EDxR \ DVHR JUDQ FRFLQD VDOyQ P F VDOLGD D EDOFyQ VXHOR SDUNHW FDOHI D D ¿QFD F DVFHQVRU ]RQD FRPXQLWDULD ),1&$ 6(0,18(9$ ¼ 376

7,$1$

&(175( *UDQ SLVR P KDE VDOyQ P LQGHSHQGLHQWH FRQ OODU GH IRF EDOFyQ \ WHUUD]D FDOHI DVFHQVRU SDUNLQJ \ WUDVWHUR LQFO ¼ 376

7,$1$

727 %DGDORQD

'03."5 /06 JOEE

&$6$ GH P -$5',1 GH P 7(55$=$ P KDE EDxR DVHRV 72'$ (;7(5,25 08< &216(59$'$ ¼ 376

%8)$/¬

%DMRV P -$5'Ë1 P KDE VXLWWH FDOHIDF EDUEDFRD ¿QFD 32&26 $f26 WRGR H[WHULRU ¼ 376

0$6128 &$6$ P KDE EDxRV DVHRV VDOyQ QLYHOHV FRQ OODU GH IRF WHUUD]D P FDOHI D D JDUDMH FRFKHV 72'$ (;7(5,25 ¼ 376

%8)$/¬

È7,&2 FRQ P WHUUD]D KDE 727$/0(17( 5()250$'2 FDOHIDF SDUNHW FDOHIDF SXHUWDV ODFDGDV ¿QFD FRQ DVFHQVRU ¼ 376

/$ 025(5$ &DVD 6(0,18(9$ 7(55$ =$6 KDE GREOHV EDxR FRPSO FRFLQD FRP VDOyQ HVWDU SDUNHW FDOHI \ D D /,67$ 3$5$ 9,9,5 ¼ 376

'Ò3/(; P 75=$ P KDE GREOHV EDxRV JUDQ FRFLQD RI¿FH SDUNHW FDOHI D D DVF 5()250$'2 72'2 (;7 ¼ 376

&DVD D YLHQWRV FRQ SDUFHOD P YLYLHQGD FRQ KDE GREOHV 5()250$'$ SRVLEOH KDFHU SLVFLQD H DPSOLDU HGL¿FDFLyQ 2&$6,Ï1 ¼ 376

&DVD P FRQ SDWLR P HQ &(1752 -XQWR $\WR K \ EXKDUGLOOD EDxRV \ DVHR FDOHIDF VDOyQ FRQ FKLPHQHD JDUDMH WRGD H[WHULRU PX\ VROHDGD ¼ 376

)5217 0$5Ë7,0 3LVR P 6(0,18(92 KDE 72'2 (;7 EDxRV \ DVHR VDOyQ P F EDOFyQ WU]D ]RQD FRPQ F SLVFLQD SN RSF *5$1'(6 9,67$6 ¼ 376


DFWXDOLWDW

OD VHWPDQD HQ LPDWJHV

1MBOUBUT NÏT EF BSCSFT B MB 'FTUB EFM #PTD -B GFTUB EFM #PTD DFMFCSBEB BRVFTU EJVNFOHF WB TFS VO ÒYJU EF QBSUJDJQBDJØ UBOU RVF mOT J UPU BCBOT EF MFT EFM NJHEJB T IBWJFO BDBCBU FMT BSCSFT QFS QMBOUBS &M CPO UFNQT WB BDPNQBOZBS J FMT QBSUJDJQBOUT WBO QPEFS QBSUJDJQBS FO EJWFSTFT BDUJWJUBUT QBSBMtMFMFT DPN MB EF UJSBS TF QFS VOB UJSPMJOB %VSBOU FM NBUJ FT WBO QMBOUBS VOT BSCSFT B MB 4FSSBMBEB EF .BSJOB

%JB EF MB %POB BNC NÞTJDB HPTQFM -B 1MBÎB EF MB 7JMB EF #BEBMPOB WB TFS M FTDFOBSJ EVSBOU FM NBUJ EF EJVNFOHF EF MB DFMFCSBDJØ EFM %JB *OUFSOBDJPOBM EF MB %POB 6OB mSB BNC QBSBEFUFT EF EJWFSTFT FOUJUBUT MB MFDUVSB E VO NBOJGFTU J FM DPODFSU EFM HSVQ EF HPTQFM CBEBMPOÓ i4FOUJUTw WBO PNQMJS MB KPSOBEB DPNNFNPSBUJWB

&MT ÞMUJNFT HBOHVFT SFCBJYBEFT B MB

'JSB 4UPDL -B 1MBÎB EF MB 1MBOB WB BDPMMJS EJWFOESFT J EJTTBCUF MB 'JSB 4UPDL PSHBOJU[B EB QFS MFT BTTPDJBDJPOT EF DPNFSDJBOUT EFM $FOUSF J EFM CBSSJ EFM 1SPHSÏT .PMUT CBEBMPOJOT WBO BQSPmUBS QFS USPCBS FMT EBSSFST QSPEVDUFT SFCBJYBUT J BNC QSFVT NPMU SFEVÕUT 3FDPSEFN RVF FM QBTTBU DBQ EF TFUNBOB WBO BDBCBS MFT SFCBJYFT E IJWFSO

*LFB SFBMJU[BU M ÞMUJNB FOUSFHB EF DBEJSFT BMT DBTBMT EF QFSTPOFT HSBOT EF #BEBMPOB - FNQSFTB TVFDB *LFB IB GFU MB EBSSFSB EPOBDJØ EF MFT DBEJSFT RVF IB EPOBU QFS BMT DBTBMT EF QFSTPOFT HSBOT J QFS B MFT PmDJOFT NVOJDJQBMT EF EJTUSJDUF EF M "KVOUBNFOU EF #BEBMPOB "RVFTUB DBNQBOZB GPSNB QBSU EFM QMB BOVBM E BDDJØ TPDJBM E *LFB B #BEBMPOB RVF IB WPMHVU BDPTUBS TF BM NØO EF MFT QFSTPOFT HSBOT "RVFTUB EBSSFSB EPOBDJØ T IB SFBMJU[BU BM $BTBM EF MB (FOU (SBO EFM $FOUSF

3FOPWBEB MB XFC EFM $ ' #BEBMPOB

-B XFC EFM $MVC EF #BEBMPOB T IBO SFOPWBU J BDUVBMJU[BU %JVNFOHF FT WB QSFTFOUBS BM $BNQ EFM $FOUFOBSJ FM OPV QPSUBM EFM DMVC FTDBQVMBU &M XFC IB JODPSQPSBU VO DBOBM EF UFMFWJTJØ RVF PGFSFJY VO SFTVN EFM EBSSFS QBSUJU EFM QSJNFS FRVJQ EFM #BEBMPOB < > XXX DGCBEBMPOB DPN

-B4FUNBOB&O*NBUHFT JOEE

727 %DGDORQD


287/(7 2%5$ 18(9$ & 0$57Ì 38-2/ %$'$/21$

2%5$ 18(9$ & *8,)5e

2%5$ 18(9$ & %$/'20(52 62/­

)DQWiVWLFRV SLVRV GH HQWUHJD LQPHGLDWD $PSOLRV VDORQHV GRUPLWRULRV DPSOLRV EDxRV &RFLQDV RI¿FH \ HTXLSDGDV 6XHOR GH PiUPRO &OLPDOLW $LUH DFRQGLFLRQDGR \ &DOHIDFFLyQ ,QG D JDV 7RGRV H[WHULRUHV *UDQGHV WHUUD]DV \ 6RODULXP 3DUNLQJ RSFLRQDO (175(*$ ,10(',$7$ 35(&,2 ½

-72 6$/(6,$126 %$'$/21$ &(1752 3LVRV GH \ KDE $FDEDGRV FDOLGDG ([W D FDOOH 0X\ VROHDGRV &OLPDOLW $ $ ERPED GH FDORU 3OD]DV SDUNLQJ RSF (175(*$ ,10(',$7$ 35(&,26 /RIW KDE ½ 3LVR KDE ½ 3LVR KDE \ JUDQ WHUUD]D SOD]D SDUNLQJ ½

%$'$/21$ &(1752 3LVRV GH \ KDE JUDQGHV WHUUD]DV )LQFD REUD YLVWD $FDEDGRV GH FDOLGDG $ $ ERPED GH FDORU 3OD]DV SDUNLQJ RSF HQ OD PLVPD ILQFD (',),&,2 (1 &216 758&&,21 35(&,26 'HVGH ½ KDE ½ KDE ½ KDE \ JUDQ WHUUUD]D

2%5$ 18(9$ -72 0­*,& %'1 2%5$1 18(9$ & -2&6 )/25$/6

2%5$ 18(9$ & 0$5,1$

3LVRV KDE FRQ VRODULXP 3LVRV KDE FRQ VRODULXP 3ODQWDV G~SOH[ \ KDE FRQ WHUUD]D \ HQWUDGD LQGHS $FDEDGRV GH FDOLGDG 0X\ EXHQDV YLVWDV (175(*$ ,10(',$7$ 35(&,26 KDE \ WHUUD]D ½ KDE VRODULXP ½ 3ODQWD EDMD LQGHS JUDQ WHUUD]D ½

%$'$/21$ &(1752 ÒOWLPRV SLVRV \ KDE \ iWLFR F JUDQ WHUUD]D $ $ ERPED FDORU &OLPDOLW &RFLQD HTXLS 9pDORV VLQ FRPSURPLVR )DFLOLGDGHV GH ¿QDQFLDFLyQ SiJXHOR FRPR DOTXLOHU (175(*$ ,10(',$7$ 35(&,26 KDE ½ KDE WRGR H[W \ EDxRV ½ $WLFR KDE EDxRV \ JUDQ WHUUD]D ½

2%5$ 18(9$ 5,(5$ 6$17 -25',

¢1XHVWUD DFWLYLGDG" ([FOXVLYDPHQWH /$ 2%5$ 18(9$ 6L HV XVWHG 35202725 OOiPHQRV \ KDEODPRV

-72 5(1)( 021*$7 3LVRV KDE H[W VRODULXP 3O G~SOH[ KDE \ EDxRV DVHR \ JUDQ WHUUD]D $FDEDGRV H[FHOHQWH FDOLGDG 9LVWD PX\ DJUDGDEOHV ([F ]RQD MWR PDU 3DUNLQJ \ WUDVWHUR LQFO HQ SUHFLR (175(*$ ,10(',$7$ 35(&,26 KDE VRODULXP ½ '~SOH[ KDE \ JUDQ WHUUD]D ½

727 %DGDORQD

. *OUFHSBM QBH JOEE

-72 5(1)( %$'$/21$ &(1752 ÒOWLPRV SLVRV GH KDE ORIW KDE FRQ JUDQ WHUUD]D \ iWLFRV KDE FRQ DPSOLD WHUUD]D 0X\ EXHQRV DFDEDGRV $ $ ERPED GH FDORU &DMD VHJXULGDG &OLPDOLW &RFLQD HTXLS (',),&,2 (1 &216758&&,Ï1 35(&,26 KDE \ WHUUD]D ½ ORIW ÉWLFRV KDE WRGR H[W \ DPSOLD WHUUD]D ½ 3O EDMD PX\ DPSOLD KDE \ EDxRV JUDQ WHUUD]D ½

ZZZ P LQWHJUDO FRP


HVSDL F

GURCK E

FXOWXUD DJHQGD OOLEUHV PÙVLFD FLQHPHV QRWÍFLHV %FTQSÏT EF M ÒYJU EF i- "CBEJB 1SPGBOBEBw .POUTFSSBU 3JDP UPSOB BNC i1BTBKFSPT EF MB /JFCMBw

3PHFS #FOFU UBODB MB QSJNFSB FEJDJØ EFM .VTJDB U

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