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727 %DGDORQD


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727 %DGDORQD

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5SFOUB BOZT EFM QSJNFS BKVOUBNFOU EFNPDSËUJD EFTQSÏT EF RVBSBOUB BOZT EF GSBORVJTNF "CBOT $VMUVSB BOBWB BNC 1SPUPDPM TFOTF QFSTPOBM OJ QSFTTVQPTU QSPQJ &M QSJNFS QSFTTVQPTU BOVBM WB TFS EF NJMJPOT EF QFTTFUFT QFS UPU * M BOZ TFHàFOU JHVBM 1FSÛ IJ IBWJB QSPHSBNB 1BSUJB EF M FMBCPSBU QFS MB 5BVMB EF $VMUVSB EVSBOU M BOZ BOUFSJPS GPSNBEB QFS QFSTPOFT J FOUJUBUT EFM DBNQ EF MB DVMUVSB VO FRVJQ EJWFST J DPIFTJPOBU % FOUSBEB WB EJTTFOZBS MFT QSJNFSFT 'FTUFT EF .BJH EF MB EFNPDSËDJB RVF T FTUSFOBWFO BMT RVJO[F EJFT EF QSFOESF QPTTFTTJØ FM OPV BKVOUBNFOU * WB FMBCPSBS FM /PNFODMËUPS EF DBSSFST EF MB EFNPDSËDJB TVCTUJUVJOU FMT OPNT GSBORVJTUFT QFMT BOUFSJPST J QFS OPNT EFNPDSËUJDB NFOU J DBUBMBOBNFOU TJHOJmDBUJVT /P FN RVFEB FTQBJ QFS FOVNFSBS MFT BDUVBDJPOT JNQVMTBEFT FO FMT EPT BOZT KVTUPT RVF FO WBJH TFS SFHJEPS mOT B MB NFWB EJNJTTJØ / BQVOUBSÏ UFMFHSËmDBNFOU FMT NÏT TJHOJmDBUJVT t -B OPSNBMJU[BDJØ EFM DBUBMË B M "KVOUBNFOU SÒUPMT JNQSFTPT EJDUËNFOT DMBTTFT EF DBUBMË B QPMÓUJDT GVODJPOBSJT HVËSEJB VSCBOB DPOTFSHFT FUD t -B OPSNBMJU[BDJØ EFM DBUBMË BM DBSSFS BNC JO DFOUJVT mTDBMT QFS B MB SFUPMBDJØ FO DBUBMË EFMT DPNFSÎPT "NC VO TFSWFJ E BTTFTTPSBNFOU TPCSF DPSSFDDJØ MÒYJDB J PSUPHSËmDB t -B DSFBDJØ EF M *OTUJUVU .VOJDJQBM E &EVDBDJØ QFS B JNQVMTBS MB QFEBHPHJB BDUJWB B MFT FTDPMFT QÞCMJRVFT J QSJWBEFT t -B USBOTGPSNBDJØ EF M &TDPMB EF .ÞTJDB FO M BDUVBM $POTFSWBUPSJ 1SPGFTTJPOBM t -B DSFBDJØ EF M &TDPMB EF /BUVSB EF $BO .JSB WJUHFT J MB SFTUBVSBDJØ EF MB NBTJB t -B SFTUBVSBDJØ EF $BO $BCBOZFT J MB 5PSSF .FOB DPN B DBTBMT EF DVMUVSB t - FMBCPSBDJØ EFM $BUËMFH EFM 1BUSJNPOJ )JTUPSJ DPBSUÓTUJD t &M SFUPSO EF MB 7FOVT EF #BEBMPOB J BMUSFT QFDFT TJOHVMBST BM .VTFV t -FT QSJNFSFT HFTUJPOT QFS B M BERVJTJDJØ EFM UFBUSF ;PSSJMMB DPN B UFBUSF NVOJDJQBM t &M EJTTFOZ EFM QSJNFS QMB CJCMJPUFDBSJ OPNÏT IJ IBWJB MB CJCMJPUFDB EF MB $BJYB J MB EF MB %JQVUBDJØ BM .VTFV t -FT +PSOBEFT *OUFSOBDJPOBMT EF $BOU $PSBM MFT QSJNFSFT B $B M "SOÞT t -B 'JSB EFM -MJCSF QFS 4BOU +PSEJ J MFT EF MB 5F SSJTTB J EF M "SSPQ QFS MFT 'FTUFT .BJH t - JNQVMT EFM UFBUSF B MFT FTDPMFT J BMT CBSSJT t -B DSFBDJØ EF MB SFWJTUB DVMUVSBM i$BSSFS EFMT "SCSFTw t -B SFBMJU[BDJØ EF MFT 1SJNFSFT +PSOBEFT EF $VM UVSB EF #BEBMPOB t * M FMBCPSBDJØ EFMT FTUBUVUT EFM $POTFMM .VOJDJQBM EF $VMUVSB BWVJ FODBSB JOFYJTUFOU

"NC M BSSJCBEB EF 4BOU +PSEJ MB DJVUBU nPSFJY EF QVOUB B QVOUB )FN DPNFOÎBU MB TFUNBOB EFM %JB EFM -MJCSF BNC VO QSFMVEJ EFMJDBEBNFOU TB CPSØT FO VOB UBSEB PCFSUBNFOU TFSFOB FONJH E VO EJVNFOHF WBSJBCMF MB QMBÎB EF MB WJMB T IB PNQMFSU EF OPWFT J TVHHFSFOUT DBEÒODJFT EF WFVT J QBSBVMFT QPÒUJRVFT E BDDFOUT EJWFSTPT QFSTPOFT EF #BEBMPOB EF UPUB MB WJEB J QFSTPOFT WJOHVEFT EF GPSB BDBCBEFT E BSSJCBS J RVF GB QPDT BOZT RVF IJ TØO SFDPOFHVEFT J BOÛOJNFT QBSMBOUT EF OPNÏT EVFT MMFOHàFT J QBSMBOUT EF NÏT EF RVBUSF KPWFT J HSBOT IPNFT J EPOFT EFM DFOUSF J EF NPMUT CBSSJT EF MB DJVUBU -B MFDUVSB FO DBUBMË PDDJUË DBTUFMMË GSBODÒT ËSBC QBOKBCJ NBOEBSÓ BOHMÒT J VSEÞ EFM QPFNB i" MB QPFTJBw EF 1POÎ 1POT IB UBODBU VO SFDJUBM FO RVÒ UBNCÏ IFN QPHVU FTDPM UBS 3SPNBOJ HBMMFD EBSJ J FTQFSBOUP J FO RVÒ MB MMFOHVB DBUBMBOB IB FTEFWJOHVU FM QVOU EF USPCBEB FM mM DPOEVDUPS RVF DPTJB BDVSBEBNFOU FMT SFUBMMT GFUT EF UBOUFT MMFOHàFT EFTUBDP QFS TJNCÛMJDB MB HVJUBSSB nBNFODB RVF IB BDPNQBOZBU FMT QPFNFT HJUBOPT J RVF IB FWJEFODJBU FODBSB NÏT MB WPMVOUBU JODMVTJWB EF M BDUF PSHBOJU[BU QFS ¾NOJVN $VMUVSBM J M &TQBJ +PWF EF $POWFSTFT *OUFSDVMUVSBMT /P QVD BNBHBS MB NFWB TBUJTGBDDJØ QFS BDUFT DPN BRVFTUT OP OPNÏT QFM QMBFS EF HBVEJS MPT TJOØ QFS UPU FM TJNCPMJTNF RVF BQPSUFO *ODMÞT QFM MMPD PO FT GBO MFT DPTFT 5SPCP FTQFDJBMNFOU JNQPSUBOU QFS B MB DPIFTJØ EF #BEBMPOB RVF UPUB MB QPCMBDJØ TF TFOUJ TFWB MB UPUBMJUBU EF MB DJVUBU J RVF OJOHÞ FT DSFHVJ RVF MB WJEB DJVUBEBOB FTUË MJNJUBEB B M ÞT E VO UFSSJUPSJ TFHNFOUBU ²T JNQPSUBOU FEVDBS FO M ÞT E FTQBJT EFTDFOUSBMJU[BUT QFS B BDUFT RVF DPOWJEJO MB HFOU B NPCJMJU[BS TF DBOWJBS EF CBSSJ * JHVBMNFOU JNQPSUBOU MB SFBMJU[BDJØ E BDUFT BM DFOUSF RVF BUSFHVJO QÞCMJD EF UPUB MB DJVUBU QFSRVÒ BRVFTU FTQBJ DÒOUSJD ÏT EF UPUT J DBEBTDVO EFMT WFÕOT WJTRVJO BM CBSSJ RVF WJTRVJO * IBO EF TBCFS IP J TFOUJS T IJ DPOWJEBUT ²T FO BRVFTU TFOUJU RVF N BHSBEB MB NBOFSB DPN DPNFODFO MFT 'FTUFT EF .BJH TJ CÏ FM QSPHSBNB T PCMJEB E FTNFOUBS IP MFT GFTUFT DPNFODFO FM QSJNFS EJVNFOHF BNC EVFT DPOWPDBUÛSJFT EF SFGFSÒODJB RVF FT GBO BMT EPT FYUSFNT EF MB DJVUBU 4ØO EVFT DFMFCSBDJPOT NVMUJUVEJOËSJFT QMVSBMT J TJHOJmDBUJWFT VOB BM /PSE J M BMUSB BM 4VE 6OB PQPSUVOJUBU RVF DBM BQSPmUBS FM EJVNFOHF EF NBJH DBM QMBOUFKBS TF M DPN VO JUJOFSBSJ EF QVOUB B QVOUB EF MB DJVUBU J USFQJUKBS FMT EPT FTQBJT MB .PTUSB E &OUJUBUT B 4BOU 3PD OP NÏT NBUÓ J MB 'FTUB EFM #BEJV BM 1BSD EF $BO 4PMFJ UPU FM EJB &MT WFÕOT E "SUJHVFT J 4BOU 3PD IBO EF TBCFS RVF $BO 4PMFJ UBNCÏ FMT QFSUBOZ J T IBO EF TFOUJS NPUJWBUT QFS QBTTFKBS T IJ J DPOÒJYFS MB TFWB WJEB J FMT EFM %JTUSJDUF S IBO EF TBCFS RVF "SUJHVFT J 4BOU 3PD UBNCÏ FMT QFSUBOZ J T IBO EF TFOUJS NPUJWBUT QFS QBTTFKBS T IJ J DPOÒJYFS MB TFWB WJEB "QSPmUFN M PQPSUVOJUBU

727 %DGDORQD


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

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

&21*5e6

%8)$/¬ 3LVR GH P KDELWDFLRQHV EDxR \ FRFLQD UHIRUPDGRV VDOyQ GH P HQ DPELHQWHV DLUH IULR FDORU 72'2 (;7(5,25 %8(1$ =21$ ¼ 376

3LVR 72'2 (;7(5,25 FRQ KDE VDOyQ LQGHSHQGLHQWH $6&(1 625 DPXHEODGR \ FRQ HOHFWURGRPpVWL FRV -8172 0! \ 75$0%$,; ¼ 376

2&$6,Ï1 3LVR P \ KDE EDxR F SODWR GH GXFKD SHTXHxR WUDVWHUR DVFHQVRU SUHFLVD UHIRUPDV HQ JHQHUDO 3,62 &21 08&+$6 326,%,/,'$'(6 ¼ 376

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

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

/$ 025(5$

%8)$/¬

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

/$ &215(5,$ $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( 3LVR P -8172 35(6,'(17 &203$1<6 KDE VDOyQ P $ 5()250$5 $ 68 *8672 ¼ 376

&(175(

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

3LVR FRQ =21$ &2081,7$ 5,$ &21 3,6&,1$ KDE EDxR \ DVHR VDOyQ LQGHS P FRQ EDOFyQ FDOHIDF DOWR \ FRQ DVFHQVRU ¼ 376

&$6$*(0(6

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3LVR GH P -72 $0%8 /$725,2 KDE EDxRV VDOyQ P F VDOLGD D EDOFyQ FDOHIDF DVFHQVRU %8(1$ ',675,%8&,Ï1 ¼ 376

0217*$7

7,$1$

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

3LVR SO EDMD P 3$7,2 P KDE GREOHV JUDQ EDxR \ FRFLQD RI¿FH VDOyQ P FDOHI D D SN RSF ),1&$ 6(0, 18(9$ ¼ 376

/$ 025(5$

&$6$*(0(6

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

6$172 &5,672

0217*$7 3LVR GH P KDELWD FLRQHV (;7(5,25 EDxR \ DVHR VDOyQ F VDOLGD D EDOFyQ FDOHIDFFLyQ DVFHQVRU %,(1 &216(59$'2 ¼

'$/7 /$ 9,/$

&DVD FRQ 08&+$6 326, %,/,'$'(6 GH P -$5',1 GH P KDE WUDVWHUR SDUNLQJ ¼ 376 3LVR GH P KDE VXLWWH EDxR \ DVHR VDOyQ GH P F VDOLGD D EDOFyQ SDUNHW PiUPRO FDOHIDF DPXHEODGR DVF =21$ &20 &21 3,6&,1$ 3. ,1&/ ¼ 376

&DVD 6(0, 18(9$ 7(55$=$6 KDE GREOHV EDxR FRPSOHWR FRFLQD FRPHGRU VDOyQ HVWDU SDUNHW FDOHIDF \ D D /,67$ 3$5$ 9,9,5 ¼ 376

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

025(5$

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

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

È7,&2 P 7(55$=$ P KDE EDxR \ FRFLQD DFDEDGRV GH UHIRU PDU ODYDGHUR ),1&$ &21 $6&(1625 &(5&$ $<817$0,(172 ¼ 376

320$5 3LVR 72'2 (;7(5,25 FRQ KDELWDFLRQHV DOWXUD UHDO FRFLQD GH UREOH DLUH IULR FDORU WROGRV /,672 3$5$ (175$5 $ 9,9,5 ¼ 376

&(175(

%8)$/¬

3LVR GH P \ KDE GREOHV EDxR \ FRFLQD UHIRUPDGRV VDOyQ P VXHOR QXHYR GH JUHV FDOHIDF DLUH IULR FDORU DVFHQVRU -72 %,%/,27(&$ ¼ 376

727 %DGDORQD

6$17 $'5,¬

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