Catálogo Ésika Costa Rica C15

Page 1

&267$ 5,&$ & ZZZ HVLND EL]

)bO OAJOQ=H U OA@Q?PKN= LKN IbO DKN=O KJ KHKN T )=TPEIA I=MQEHH=FA @A IbTEI= @QN=?EäJ PK@KO JKP=J PQ LNAOAJ?E=

EOBNQP= DKN=O ?KJPEJQ=O @A OAJOQ=HE@=@ AJ PQO H=>EKO (HÛJ=HKO @A ?KHKN U >AHHAV= OEJ LNAK?QL=NPA LKN HKO NAPKMQAO CN=?E=O = H= PA?JKHKCß= )=CJAPE? EK ?PERA

/22. &2/25 3ULPHU SDVR $SOLFD HO FRORU \ GHMD VHFDU PLQXWRV

0A R= = CQOP=N LKNMQA !H ?KHKN NAO=HP= PQO H=>EKO = PK@= DKN= OEJ JA?AOE@=@ @A NAPKMQAO

!H >bHO=IK DQIA?P= PQO H=>EKO PK@=O H=O RA?AO MQA MQEAN=O

*K PN=JO˜ ANA JE @AF= DQAHH=O

K

V

6HJXQGR SDVR $SOLFD HO EULOOR KXPHFWDQWH FRQ DJUDGDEOH VHQVDFLyQ

V

'( '85$&,Ä1

(YDOXDFLyQ VHQVRULDO GH GXUDFLyQ UHDOL]DGD EDMR FRQGLFLRQHV GH ODERUDWRULR

0½;,0$ '85$&,Ä1 0½;,0$ 6(168$/,'$' /DELDO G~R WDWWRR LQWHQVH

SURPRFLyQ (VWXFKH =HQVDWLRQ SiJ

/22. &2/25

'( '(6&8(172

@AIbO *K JA?AOEP= NAPKMQAO *K PN=JOBEANA

„

&yG

$+ +( 0! %*0!*/!

&yG

.+/ .! )

,%)%!*0 (%!*0!

&yG

/DELDO G~R WDWWRR PO J IO R] R] 9DORUL]DGR HQ „

K

V

'( '85$&,Ä1

+. ( ) #%

"1 /% /3!!0

.+&+ $%,*+0%

"1 /% $+0

.+/ $%

2%*+ !(%//

&yG

&yG

&yG

&yG

&yG

&yG

.+/ (%#$0

.+&+ , //%+*

.+/ )%/0!.5

&yG

&yG

+. ( 00. 0%+*

%.1!( !/%.!

&yG

(YDOXDFLyQ VHQVRULDO GH GXUDFLyQ UHDOL]DGD EDMR FRQGLFLRQHV GH ODERUDWRULR V

&yG

&yG

/AJOQ=HE@=@ MQA =?=L=N= IEN=@=O PK@K AH @ß= 4XLQWHWR GH VRPEUDV SURIHVLRQDO PRFFD IDVKLRQ

4XLQWHWR GH VRPEUDV SURIHVLRQDO JODPRXU EODFN

SURPRFLyQ (VWXFKH =HQVDWLRQ SiJ

0iVFDUD VHFUHWRV GH VHQVXDOLGDG QHJUR

* $ * ! ! . 1

/22. &2/25

0i[LPD GXUDFLyQ \ FRORU 3URWHJH WXV SiUSDGRV

'( '(6&8(172

0i[LPD H[WHQVLyQ \ FXUYD ´ MD HO FRORU SRU PXFKR PiV WLHPSR

0

0 G * &y

.! ) "+.!/0 &yG

$ 358(%$ '(

$*8$

K

V

'( '85$&,Ä1

9LHQH FRQ LQVWUXFFLRQHV SDUD PDTXLOODUWH

4XLQWHWR GH VRPEUDV SURIHVLRQDO J R] 9DORUL]DGR HQ „

0iVFDUD SDUD SHVWDxDV VHFUHWRV GH VHQVXDOLGDG J R] 9DORUL]DGR HQ „

„

V

„

61( )5/0!.5

"!/0%2 ( #+(

#( )+1. ( '

.+/! ,.+(+*#

,1.,(! .0%/0%

+.+ ) #*!0%

-1 ,!.) *!*0

)+ " /$%+*

&yG

&yG

&yG

&yG

&yG

&yG

&yG

&yG

) ..¨* %*0!*/+

*!#.+ %*0!*/+

&yG

&yG

*!#.+ ) ..¨* %*0!*/+ &yG

(YDOXDFLyQ VHQVRULDO GH GXUDFLyQ UHDOL]DGD EDMR FRQGLFLRQHV GH ODERUDWRULR

/DELDO GH Pi[LPD GXUDFLyQ FDQGHOLW

'HOLQHDGRU SDUD RMRV GH Pi[LPD GXUDFLyQ QHJUR

0Q LK@AN @A =PN=??EäJ JK PEAJA BEJ /DELDO GH Pi[LPD GXUDFLyQ YLQR FKLF

0iVFDUD SDUD SHVWDxDV VHFUHWRV GH VHQVXDOLGDG QHJUR \ ODELDO Pi[LPD GXUDFLyQ FDQGHOLW

SURPRFLyQ (VWXFKH =HQVDWLRQ SiJ

/22. &2/25

'( '(6&8(172

,( 0 . % *0! &yG

.+&+ !40. 2 # *6

0i[LPD DGKHUHQFLD GH FRORU WH[WXUD H[WUD VHGRVD

&yG

&yG

+.+ #( )+1.

&yG

&yG

*!#.+ ^ *+

) ..¨* *+# (

&RORU LQWHQVR SRU PXFKR PiV WLHPSR SURYRFDWLYD VXDYLGDG IiFLO DSOLFDFLyQ

$!..5 &yG

.+&+ /! 1 0+. &yG

$+ +( 0! / 0¤* &yG

K

)%!( #( ^

V

&yG

'( '85$&,Ä1

) ..¨* 2% . *0!

'HOLQHDGRU SDUD RMRV GH Pi[LPD GXUDFLyQ J R] 9DORUL]DGR HQ „

„

V

01.-1!/ )!0¡(% +

2!. ! +0+_+

&yG

&yG

61( 6 "%.+ &yG

)+. + ,.+"1* +

%.1!( !* *0+

&yG

&yG

/DELDO GH Pi[LPD GXUDFLyQ J R] 9DORUL]DGR HQ „

„

.+/ (%#$0

"1 /% ,%*'

+,+.0+

* !(%0

+

2%*+ $%

&yG

&yG

&yG

&yG

&yG

&yG

2%*+ #+( !*

.+/ + *1 !

"1 /% !4,.!//

$+ +( 0! , //%+*

)+. + *%#$0

&yG

&yG

&yG

&yG

&yG

(YDOXDFLyQ VHQVRULDO GH GXUDFLyQ UHDOL]DGD EDMR FRQGLFLRQHV GH ODERUDWRULR

SURPRFLyQ (VWXFKH =HQVDWLRQ SiJ

&yG

$ ), #*! # (

&yG

(%( )¡#% +

&yG

.+/ .+) * !

&yG

.+/ ,.%) 2!.

&yG

.+/ /!

&yG

) #!*0 2% . *0!

&yG

61( )¤/0% +

&yG

,«.,1. , /%¨*

&yG

.+/ + .* 2 (

&yG

.+/ 2% . *0!

&yG

"1 /% 0.!2%

&yG

". ) 1!/ %(1/%¨*

&yG

/ ()¨* !/0!(( *0!

&yG

12 !.*!0

&yG

)+. + "%!/0

&yG

12 /! 1 0+.

&yG

,( 0 (14!

&yG

*!#.+ +/ +

(VPDOWH SURIHVLRQDO HQ SDUD XxDV URMR VHQVXDO

!H NKFK JQJ?= PA B=HH=

(HAR= PQ OAJOQ=HE@=@ = OQ IbTEI= ATLNAOEäJ HHAR= AH NKFK AJ PQO I=JKO

$ 0,7$'

'( 35(&,2 (VPDOWH SURIHVLRQDO HQ SDUD XxDV PO IO R] 9DORUL]DGR HQ „

„

/ *#.! ( 0%* &yG

.+&+ /!*/1 ( &yG

1XWUH IRUWDOHFH ODUJD GXUDFLyQ H[WUD EULOOR VHFDGR UiSLGR DFDEDGR XQLIRUPH

.1 ¤ %*0!*/+ &yG

5HGXFH HO EULOOR \ HO H[FHVR GH JUDVD HQ OD ]RQD 7

&RUULJH DUUXJDV \ SHTXHxDV LPSHUIHFLRQHV

1J= LEAH HEJ@= PEAJA OQO PNQ?KO !H OA?NAPK AOPb AJ O=>AN AHACEN H= >=OA E@A=H L=N= PQ LEAH %DVH HQ WRQR URVD

SURPRFLyQ (VWXFKH =HQVDWLRQ SiJ

/22. &2/25

!%#! &yG

.+/ &yG

!H I=MQEHH=FA PA ?=I>E= AH bJEIK

*5$7,6 %URFKD SDUD EDVH 3RU OD FRPSUD GH OD EDVH HQ

%URFKD SDUD EDVH &yG

9DORUL]DGR HQ

KNNECA EILANBA??EKJAO Q>NA U AIL=NAF= KJPNKH= AH >NEHHK U BEF= AH I=MQEHH=FA ,NKPACA @AH OKH U H= ?KJP=IEJ=?EäJ !%#! %DVH GH PDTXLOODMH SDUD URVWUR HQ SUR J R] 9DORUL]DGR HQ

&yG

!%#!

!%#!

!%#!

!%#!

&yG

&yG

&yG

&yG

.+/

.+/

.+/

.+/

.+/

&yG

&yG

&yG

&yG

&yG

!H ?KHKN AO QJ CN=J =HE=@K L=N= D=?ANPA OAJPEN IbO OACQN= IbO DANIKO= IbO BAHEV U ?KJBE=@= L=N= ?KJMQEOP=N =H IQJ@K KILNQÛ>=HK PK@KO HKO @ß=O IßN=PA =H AOLAFK ?KJ H= ?=N= H=R=@= U @AOLQÛO I=MQEHH=@= !H ?KHKN PA LANIEPA QJ ?=I>EK @A HKKG U @A bJEIK EJIA@E=PK

0AJC=O AH ?QPEO MQA PAJC=O

'( '(6&8(172

/22. &2/25

&8$/48,(5$ $ 62/2

&RQWUROD HO EULOOR DFDEDGR VXDYH \ ´ MD HO PDTXLOODMH

0!.. +0

0. */(« % +/

&yG

&yG

)$&725 '( 3527(&&,Ä1 62/$5

)36

3ROYRV VXHOWRV SDUD URVWUR SLHO GH VHGD J R] 9DORUL]DGR HQ „

„ %URQFHDGR QDWXUDO FREHUWXUD XQLIRUPH VH DGDSWD D WX WRQR GH SLHO

3ROYRV IDFLDOHV HQ SHUODV HIHFWR EURQFHDGR J R] 9DORUL]DGR HQ „

„

* 01. ( .+*6! &yG

3ROYRV VXHOWRV WUDQVO~FLGRV UXERU FRPSDFWR FRUDO

SURPRFLyQ (VWXFKH =HQVDWLRQ SiJ

/22. &2/25 0i[LPD DGKHUHQFLD WH[WXUD VXDYH \ VHGRVD \ FRQWUROD HO H[FHVR GH EULOOR

.1 ¤ &yG

$ 0,7$'

'( 35(&,2

5 L=N= PANIEJ=N

KHKN

Ã’ J=PQN=H ?KJ ?KILKJAJPAO IEJAN=HAO !H PKMQA @A REP=HE@=@ U ?KHKN L=N= HQ?EN QJ NKOPNK N=@E=JPA

%URFKD SDUD 5XERU &yG

9DORUL]DGR HQ „

„

5XERU FRPSDFWR HIHFWR JHPDV \ PLQHUDOHV J R] 9DORUL]DGR HQ „

„

¡) .

+. (

&yG

&yG

1 .6+ .+/ &yG

)+ &yG

#. * 0! .+/^ &yG

z äIK H=O MQEANAO !HECA PQ IbO?=N= OACéJ AH =?=>=@K MQA LNABEAN=O H=NC=O EIL=?P=JPAO K BQANPAO

Pé @A?E@AOÎÎÎ 3(67$f$6 0½6 )8(57(6 0iVFDUD IRUWDOHFLPLHQWR FRQWLQXR J R] 9DORUL]DGR HQ

*!#.+ ) ..¨*

3HVWDxDV PiV IXHUWHV &RQ DFHLWH GH ULFLQR \ ROLYD

) ..¨* &yG

&yG

$ 358(%$ '(

$*8$

*!#.+ &yG

3(67$f$6 0½6 /$5*$6 0iVFDUD SDUD SHVWDxDV HIHFWR H[WHQVLRQHV J R] 9DORUL]DGR HQ

3HVWDxDV PiV ODUJDV JUDGRV PiV UL]DGDV 61(

) ..¨*

&yG &yG

*!#.+ ) ..¨* &yG

$ 358(%$ '(

$*8$

*!#.+ &yG

SURPRFLyQ (VWXFKH =HQVDWLRQ SiJ

/22. &2/25 0iVFDUD GH LPSDFWR HQ QHJUR

>AJABE?EKO AJ QJ= OKH= IbO?=N=

'( '(6&8(172

0iVFDUD GH LPSDFWR HQ J R] 9DORUL]DGR HQ „

„

$ 358(%$ '(

*!#.+ ) ..¨*

) ..¨*

$*8$

*!#.+ &yG

H=NC= .EV= /AL=N= ,AEJ= ,NKPACA PQO LAOP=ã=O

&yG

&yG

3(67$f$6 &21 0½6 92/80(1

3(67$f$6 0½6 )8(57(6

*!#.+ &yG

*!#.+ &yG

*!#.+ ) ..¨* &yG

7H GD XQD Pi[LPD SURWHFFLyQ HQ YDULHGDG GH WRQRV

*!#.+ &yG

$ 358(%$ '(

$*8$

0!.. +0

) ..¨*

&yG

&yG

01.-1!/

61(

&yG

&yG

0i[LPR YROXPHQ VLQ DXPHQWDU HO SHVR GH WXV SHVWDxDV

$ 358(%$ '(

$*8$

61(

*!#.+

&yG

&yG

*!#.+ ) ..¨*

&yG

) ..¨*

&yG

0iVFDUD HIHFWR PD\RU YROXPHQ J R] 9DORUL]DGR HQ „

0iVFDUD WUDWDQWH D SUXHED GH DJXD J R] 9DORUL]DGR HQ „

„

„

KILHAIAJP= PQO IbO?=N=O ?KJ 5L]DGRU SDUD SHVWDxDV &XUO\ ([SHUW &yG 5L]D WXV SHVWDxDV DQWHV GH DSOLFDU WX PiVFDUD

SURPRFLyQ (VWXFKH =HQVDWLRQ SiJ

9DORUL]DGR HQ „

„

&yG

) ..¨* . )!(

* . *& $%

2%*+ %* %0 *0!

&yG

&yG

&yG

#1%* .! ( &yG

&HMDV

.+/ !(% 0!

) ..¨* ( *+

&yG

/22. &2/25

.+&+ ) *$ 00 *

&yG

*!#.+

* 01. (

&yG

&yG

/DELRV

+. ( #( ^ &yG

"1 /% 2%2 6 &yG

ABEJA PQ >AHHAV=

$ 62/2

„

%JPAJOEBE?= AH ?KHKN AJ PQO KFKO ?AF=O U H=>EKO L=N= QJ =?=>=@K IbO EIL=?P=JPA

'HOLQHDGRU HQ OiSL] SDUD RMRV SDUD FHMDV SDUD ODELRV J R] 9DORUL]DGR HQ „ F X

*!#.+ %*0!*/+ &yG

2MRV

!(!/0! ,.% ! &yG

"^ (14

,( 0! + . 0

&yG

) ..¨* "^

&yG

61( (14

*!#.+ (14

&yG

&yG

&yG

+. + ,.! %(! 0+

01.-1!/ ) #%

&yG

&yG

2!. ! (14 &yG

61( )! %0!..¡*!+ &yG

) ..¨* +.#+_

2!. ! /% *!5

&yG

&yG

$ 358(%$ '(

$*8$

z-QÛ IEN=@= MQEANAO Pé /KBEOPE?=@= K EIL=?P=JPA KO @AHEJA=@KNAO ?KJ @EOPEJPK =?=>=@K L=N= HKCN=N H= IEN=@= MQA @AOAAO

3XQWD SLQFHO

*!#.+ !40.!)+ &yG

$&$%$'2 352)(6,21$/

'HOLQHDGRU DFDEDGR SURIHVLRQDO QHJUR

(ßJA=O @AHE?=@=O ?=>=@K IbO LNA?EOK

,=N= QJ HKKG IbO OKBEOPE?=@K

'HOLQHDGRU OtTXLGR GH DFDEDGR SURIHVLRQDO PO IO R] 9DORUL]DGR HQ

$ 358(%$ '(

61( /!*/%0%2!

+. + !* *0+

#.%/ ,( 0

) ..¨* +0+_+

)+. + #( )+1.

2%+(!0 )%/0!.%+

&yG

&yG

&yG

&yG

&yG

&yG

*!#.+ /, .'

) ..¨* /, .'

61( /, .'

,( 0 /, .'

&yG

&yG

&yG

&yG

72126 */,77(5

SURPRFLyQ (VWXFKH =HQVDWLRQ SiJ

$*8$

78 2)(57$ (675(//$

3XQWD SOXPyQ

*!#.+ !40.!)+ &yG

)½&,/ $3/,&$&,Ä1

'HOLQHDGRU IiFLO DSOLFDFLyQ QHJUR

$ 358(%$ '(

$*8$

,QJP= LHQIäJ L=N= Bb?EH =LHE?=?EäJ AJI=N?= PQ IEN=@= AJ QJ OKHK PN=VK 'HOLQHDGRU OtTXLGR GH IiFLO DSOLFDFLyQ PO IO R] 9DORUL]DGR HQ „

„

61( /!*/%0%2! &yG

+. + !* *0+

#.%/ ,( 0

) ..¨* +0+_+

&yG

&yG

&yG

*!#.+ /, .'

) ..¨* /, .'

61( /, .'

,( 0 /, .'

&yG

&yG

&yG

&yG

)+. + #( )+1.

2%+(!0 )%/0!.%+

&yG

&yG

72126 */,77(5

'HOLQHDGRU NRKO FRQ GLIXPLQDGRU QHJUR PiVFDUD PHJD ODVKHV QHJUR

0K@K HK MQA JA?AOEP=O L=N= QJ HKKG ?KILHAPK AHEJA=@KN IbO?=N= U H=>E=H

JK PA LQA@AJ B=HP=N

SURPRFLyQ (VWXFKH =HQVDWLRQ SiJ

/22. &2/25

)+. + '+$(

&yG

&yG

&yG

01.-1!/ '+$(

,!.( '+$(

&yG

*!#.+ '+$(

'( '(6&8(172

!(% % ! ".!/ &yG

$ 358(%$ '(

$*8$

) * .%* ,.+2+ %¨*

3HLQD

$ODUJD

&yG

AHE?EKOK O=>KN !TMQEOEPK =NKI= NEHHK PAJP=@KN AHEJA= AH EJPANEKN U ATPANEKN @AH KFK ,QA@AO QO=NHK ?KIK OKI>N=

'HOLQHDGRU NRKO FRQ GLIXPLQDGRU J R] 9DORUL]DGR HQ „

„

) ..¨* '+$( &yG

61( '+$( &yG

Ã’ IbO RKHQIAJ Ã’ LAOP=ã=O IbO H=NC=O LHE?=?EäJ QJEBKNIA U LNA?EO=

%ULOOR ODELDO VDERU LUUHVLVWLEOH PO IO R] 9DORUL]DGR HQ „

„

0iVFDUD 0HJD /DVKHV J R] 9DORUL]DGR HQ „

„

) ..¨* &yG

*!#.+ ) ..¨* &yG

*!#.+ &yG

+. ( ! * . *&

!.!6 ". ) 1!/ %.1!( /! 1 %¨* #+(+/ %..!/%/0% (!

&yG

&yG

,.% $+ ! )+.

) *& . * 01. (

&yG

&yG

&yG

&yG

) *6 * 0!*0 %¨* ! !* *!( $+ +( 0! &yG

&yG

(Q WRQRV OX[

'HOLQHDGRU HQ OiSL] SDUD RMRV J R] 9DORUL]DGR HQ „

„

*UDQ DGKHUHQFLD FRORUHV LQWHQVRV VH GHVOL]D VXDYHPHQWH

$ 358(%$ '(

/E MQEANAO HQ?EN QJKO KFKO EJPAJOKO U >NEHH=JPAO AOPKO OKJ PQO @AHEJA=@KNAO

&XDUWHWR GH VRPEUDV D]XO ZDYHV GHOLQHDGRU HQ OiSL] SDUD RMRV QHJUR LQWHQVR PiVFDUD PLUDGD KHFKL]DQWH QHJUR \ ODELDO GHVWHOORV GH FRORU QDWXUDO GHVWHOORV

SURPRFLyQ (VWXFKH =HQVDWLRQ SiJ

&yG

*!#.+ (14

61( (14

&yG

2!. ! (14

,( 0! + . 0

!(!/0! ,.% !

01.-1!/ ) #%

+. + ,.! %(! 0+

&yG

&yG

&yG

&yG

2!. ! 61( /% *!5 )! %0!..¡*!+ &yG

&yG

"^ (14

1J= IEN=@= @AOHQI>N=JPA

&yG

$*8$

&yG

) ..¨* "^

) ..¨* +.#+_

*!#.+ %*0!*/+

&yG

&yG

&yG

'( '(6&8(172

/22. &2/25

*!#.+ &yG

&XDUWHWR GH VRPEUDV J R] 9DORUL]DGR HQ „

0iVFDUD PLUDGD KHFKL]DQWH J R] 9DORUL]DGR HQ „

„

„

6~SHU GH´QLFLyQ 0i[LPR YROXPHQ QR KDFH JUXPRV

&RPELQDFLyQ LGHDO GH WRQRV $SOLFDFLyQ XQLIRUPH \ PD\RU FDUJD GH FRORU \ DGKHUHQFLD

(%( !)+0%+* &yG

$ 358(%$ '(

$*8$

*!#.+ ) ..¨*

) ..¨* &yG

&yG

&8$57(72 '( 620%5$6

"+.!/0 "!!(%*#/

.+/ 2%*0 #!

.+/ %((1/%+*

.+/ #(+.%+1/

#. * 0! + !

2%+(!0 , //%+*

#.%/ .+) * !

61( 3 2!/

01.-1!/ !/%#*

) .%*+ %*0!*/+

2!. ! &1*#(!

) ..¨* * 0%2!

&yG

&yG

&yG

&yG

&yG

&yG

&yG

&yG

&yG

&yG

&yG

&yG

KILHAIAJP= PQ HKKG ?KJ .+/ !/0!((+/ &yG

"1 /% !/0!((+/ &yG

/DELDO HQ EDUUD GHVWHOORV GH FRORU J R] 9DORUL]DGR HQ „

„

* 01. ( !/0!((+/

, (+ .+/ !/0!((+/

&yG

&yG

2%*+ !/0!((+/ &yG

.+&+ $+ +( 0! !/0!((+/ !/0!((+/ &yG

&yG

z-QÛ IEN=@= HQ?ENbO DKU 0EAJAO P=JP=O ?KI>EJ=?EKJAO L=N= ?NA=N ?KIK IKPERKO L=N= RANPA HEJ@=

'( '(6&8(172

1 .!(( $%

+(+. ,+,

&yG

$+0 / $ . &yG

&yG

2=NEA@=@ @A ?KHKNAO 0KJKO OéLAN ?KI>EJ=>HAO #N=J =@DANAJ?E= U OQ=RE@=@ (VWXFKH GH VRPEUDV J R] 9DORUL]DGR HQ „

„

$FXDUHOOD &KLF

SURPRFLyQ (VWXFKH =HQVDWLRQ SiJ

&RORU 3RS

+RW 6DKDUD

/22. &2/25

'( '(6&8(172

)$&725 '( 3527(&&,Ä1 62/$5

)36 ".!/ /3!!0 &yG

2%+(!0 " /$%+* &yG

.+&+ , /%¨* &yG

* 01. ( 1*!

.+/ "%+.!((!

&yG

&yG

.+&+ "%!/0

* . *& + /!//%+*

&yG

&yG

) ..¨* " * 0%

"1 /% /1 (%)!

&yG

&yG

"1 /% !(%.%+

) ..¨* ) «

&yG

&yG

/DELDO GH ODUJD GXUDFLyQ J R] 9DORUL]DGR HQ „

„

"1 /% !1"+.%

(VWXFKH GH VRPEUDV DFXDUHOOD FKLF \ ODELDO ODUJD GXUDFLyQ IXFVLD GHOLULR

"1 /% 0!*0 %¨*

&yG

&yG

) ..¨* $ 2 *

) ..¨* 1.#1* 5

&yG

&yG

#. * 0! $% &yG

.+/ /! 1 %¨*

2%*+ !/!+

&yG

&yG

.+&+ /!45

2%*+ +1-1!0

&yG

&yG

8/75$ 68$9,=$17(

+,'5$7$17( (;75(02

+.#+_ /!45

%RUJRxD VH[\

.+/ + )¡#% +

5RVDGR PiJLFR

AF= PQO H=>EKO OQLANOQ=RAO KJ =?AEPAO J=PQN=HAO

$E@N=P= PQO H=>EKO D=OP= LKN DKN=O /DELDO KLGUDWDQWH H[WUHPR J R] 9DORUL]DGR HQ „

/DELDO XOWUD VXDYL]DQWH J R] 9DORUL]DGR HQ „

„

„

)$&725 '( 3527(&&,Ä1 62/$5

)$&725 '( 3527(&&,Ä1 62/$5

)36

)36

"1 /% " *0 /¤

"1 /% /! 1 0+.

) (2 %(1/%¨*

) ..¨* +0+_+

&yG

&yG

&yG

&yG

) ..¨* .+&+ 0!*0 %¨* ,.+2+ %¨* &yG

&yG

.+/ + )¡#% +

.+&+ 2%2 6

.+/ +-1!0

.+/ %*0.%#

)+. + + /!/%¨*

2%*+ /!*/1 (

&yG

&yG

&yG

&yG

&yG

&yG

SURPRFLyQ (VWXFKH =HQVDWLRQ SiJ

+.#+_ /!45

"^ )+

+. ( $%

"1 /% 10%2 *0!

"1 /% #( )

#. * 0! /! 1 0+.

&yG

&yG

&yG

&yG

&yG

&yG

) ..¨* #( )+1.

* . *& ,.%) 2!.

.+&+ !/!+

.+&+ %*0.%# *0!

.+/ %2

.+/ !* *0+

&yG

&yG

&yG

&yG

&yG

&yG

0½;,02 &2/25

/22. &2/25

3(5)(&7 0$7&+

)XFVLD IHPPH

5RMR FKHUU\

/DELDO GH DSOLFDFLyQ SUHFLVD

.+&+ $!..5

"1 /% "!))!

'( '(6&8(172

!JI=N?= U LEJP= PQO H=>EKO ?KJ AH ?KHKN AT=?PK

KHKNAO EJPAJOKO @AO@A H= LNEIAN= =LHE?=?EäJ

3HUIHFW 0DWFK /DELDO GHOLQHDGRU J R] 9DORUL]DGR HQ „

'HOLQHDGRU GH ODUJD GXUDFLyQ

/DELDO HQ EDUUD Pi[LPR FRORU J R] 9DORUL]DGR HQ „

„

„

)$&725 '( 3527(&&,Ä1 62/$5

)$&725 '( 3527(&&,Ä1 62/$5

)36

)36

$!..5 ( //

+""!! /3!!0

+. ( /! 1 0%+*

1. 6*+ #( )

&yG

&yG

&yG

&yG

.+/ * 5

.+/ !((!

.! /1,.!)!

"1 /% "!))!

&yG

&yG

&yG

&yG

!.!6 !!, &yG

* . *& 2%2 6

.+&+ $!..5

+. ( /$%*!

) ..¨* ¡(% +

)+ )%/0!.%+

&yG

&yG

&yG

&yG

&yG

.+&+ )+.

"1 /% " * 5

.+/ %2%*

2%*+ #( )+1.

) #!*0 0.!2%

&yG

&yG

&yG

&yG

&yG

!J=I채N=PA @A PQ LEAH *K D=U J=@= IbO HEJ@K MQA HQ?EN QJ ?QPEO OQ=RA U QJEBKNIA

3ROYRV FRPSDFWRV GREOH DFDEDGR EHLJH

35202&,Ä1 ,1683(5$%/( 3ROYRV GREOH DFDEDGR D VROR

.+/

3ROYRV FRPSDFWRV GREOH DFDEDGR J R] 9DORUL]DGR HQ „

&yG

„ !%#! &yG

.+/ &yG

!%#! &yG

!%#! &yG

&RPR EDVH

&RPR SROYRV

.+/ &yG

0A R= = CQOP=N LKNMQA /KJ LKHRKO U >=OA AJ QJ OKHK LNK@Q?PK AF=J PQ LEAH I=PA Q>NA EILANBA??EKJAO 3URPRFLyQ YiOLGD KDVWD DJRWDU VWRFN

)5$*$1&,$6

$&7,9$6

)KIAJPKO éJE?KO =NKI=O éJE?KO 020(1726 9,%5$17(6 (DX GH WRLOHWWH DWRPLVHXU PO IO R] &yG

9DORUL]DGR HQ „

„

020(1726 /,%(57$' (DX GH WRLOHWWH DWRPLVHXU PO IO R] &yG

9DORUL]DGR HQ „

„

'( '(6&8(172

)UXWDO $FWLYD 9LWDOLGDG \ DOHJUtD JUDFLDV D OD IUHVFD µ RU GH QDUDQMR

SURPRFLyQ ,W V \RX SiJ

)UXWDO $FWLYD 3ODFHQWHURV DFRUGHV GH PDQGDULQD OLPyQ \ FDVVLV

(6(1&,$6 $520$6 NKI=O MQA ?KJA?P=J ?KJ PQO OAJPEIEAJPKO

"HKN @A HEIäJ 0K@= H= BNAO?QN= @A AOP= KN AO LANBA?P= L=N= =?PER=NPA U L=N= @AOLANP=N AJ PE AOA KLPEIEOIK MQA PA IQARA PK@K AH @ß=

!J ?=@= LANBQIA D=U QJ= AOAJ?E= MQA JK OKHK @ABEJA AH ?=Nb?PAN @A AOA =NKI= OEJK P=I>EÛJ H= AIK?EäJ MQA AO ?=L=V @A @AOLANP=N AJ PE 1J= BHKN K QJ= JKP= MQA D=?AJ FQACK ?KJ PQO OAJPEIEAJPKO IbO LNKBQJ@KO U DANIKOKO

AO?Q>NA AJ HKO =NKI=O @A ^OEG= AO=O JKP=O MQA ATLNAO=J P=J >EAJ HK MQA OEAJPA PQ ?KN=VäJ

z-QÛ =NKI= R= IAFKN ?KJPECK

/ 5$ 2 / )

)/ 25 $/

,9$ &7 $

6(1 68$ / $ & , 7 1 ½ 0 2 5

( /& '8

'8 /& (

/ $ 87 )5

2 ,& 75 &À

&À 75 ,& 2

'2 $ &, ( 3 (6

(6 3( &, $' 2

)5 87 $/

(/(* $1 7(

AO?é>NAHK AJ AH >=JE?K @A NKI=O @A ^OEG=

)/25$/

'8/&(

)587$/ (63(&,$'2 &À75,&2

&À75,&2 (63(&,$'2 )587$/

'8/&(

)/25$/

«O=HK =Oß 1>E?= QJK @A HKO CNQLKO OACéJ PQ AOPEHK !HAC=JPA .KIbJPE?= /AJOQ=H K ?PER=

(QACK AHECA AH PELK @A =NKI= OACéJ H= B=IEHE= KHB=PER= "HKN=H QH?A "NQP=H !OLA?E=@K K ßPNE?K

!OP=O OAã=HAO PA =UQ@=NbJ = AJ?KJPN=N PQ =NKI= AJ AH ?=PbHKCK )5$*$1&,$6

(/(*$17(6

,PiJHQHV ,PiJHQHV 'LDPRQGV 6SHFLDO ;LDQD

)5$*$1&,$6

520½17,&$6

*UD]]LD 5RPDQ]L )LRUL 9DQLOOD 6FHQW $wQQDUD

)5$*$1&,$6

6(168$/(6

*UD]]LD ([RWLF *UD]]LD 3DUDGLVH 3DVVLRQ 0XVN 9HKHPHQFH SDUD HOOD 5RVH 5RVH 6H[\ *ROG 'DQ]]tD 5HG ,QWHQVH ,QFLWDQW -DGLVV 6HFUHW 0XVN

)5$*$1&,$6

$&7,9$6

([SUHVVLRQ eODQLH *\UD 0RPHQWRV 9LEUDQWHV 0RPHQWRV /LEHUWDG ,W­V <RX ,W­V <RX /LYH

(6(1&,$6 $520$6

!HAC=JPA U AOLA?E=H

'( '(6&8(172

#=N@AJE=O (= AHAC=J?E= U H= OK>NEA@=@ OA ATLNAO=J @A QJ= BKNI= LANBA?P= AJ AH =NKI= @A H=O C=N@AJE=O ,KN AOK AO MQA AH LANBQIA @A /LA?E=H PEAJA P=JPK MQA RAN ?KJPECK

520$1=, (DX GH SDUIXP DWRPLVHXU PO IO R] &yG

9DORUL]DGR HQ ย

ย

'( '(6&8(172 (1 520$1=,

%)ยก#!*!/ % )+* /

)ORUDO 5RPiQWLFD 9LROHWDV URVDV \ ViQGDOR FUHDQ HO PDUFR SHUIHFWR SDUD HO DPRU

)ORUDO (OHJDQWH 'HVOXPEUD FRQ URVDV GH %XOJDULD \ JDUGHQLDV

SURPRFLyQ ,W V \RX SiJ

(6(1&,$6 $520$6

!HAC=JPA D=OP= AJ PQ LANBQIA %)¡#!*!/

'( '(6&8(172 (1 ,0½*(1(6

,0½*(1(6 ',$021'6 (DX GH SDUIXP DWRPLVHXU PO IO R] &yG

9DORUL]DGR HQ „

„

/RFLyQ SHUIXPDGD PO IO R] &yG

9DORUL]DGR HQ „

„

,0½*(1(6 (DX GH SDUIXP DWRPLVHXU PO IO R] &yG

9DORUL]DGR HQ „

„

/RFLyQ SHUIXPDGD PO IO R] )ORUDO (OHJDQWH /XMRVR HQFXHQWUR GH \ODQJ \ODQJ \ MD]PLQHV

&yG

9DORUL]DGR HQ „

„

)5$*$1&,$6

6(168$/(6

&QAC= = ?KJMQEOP=NHK 3$66,21 086. (DX GH SDUIXP DWRPLVHXU PO IO R] &yG

9DORUL]DGR HQ „

„

'HVRGRUDQWH UROO RQ PO IO R] &yG

9DORUL]DGR HQ „

„

)ORUDO 6HQVXDO &RTXHWDV QRWDV GH LULV \ RUTXtGHDV MXHJDQ FRQ XQ WRTXH GH PXVN

)527$ $48À < 6,(17( (/ $520$ (1 78 3,(/

SURPRFLyQ ,W V \RX SiJ

78 2)(57$ (675(//$

%NEO U KNMQß@A=O !OK MQA PA IQARA = =I=NHK U MQA D=?A MQA ÛH PA =IA AO H= L=OEäJ AOAJ?E= @A H= RE@= ,KN AOK AJ H= J=PQN=HAV= HKO =NKI=O @A =HCQJ=O KNAO ?KJA?P=J LANBA?PK ?KJ AOA OAJPEIEAJPK P=J EJPAJOK MQA RERA AJ PE

e/$1,( (DX GH SDUIXP DWRPLVHXU PO IO R] &yG

9DORUL]DGR HQ „

„

'( '(6&8(172 (1 ($8 '( 3$5)80

$720,6(85 '( '(6&8(172

)ORUDO $FWLYD $OHJUH IXVLyQ GH JDUGHQLDV \ DPRU SRU OD YLGD

SURPRFLyQ ,W V \RX SiJ

(6(1&,$6 $520$6

0Q OAJOQ=HE@=@ PA D=?A >NEHH=N '( '(6&8(172

6('$ 252 /RFLyQ OXPLQRVD PO IO R] &yG

9DORUL]DGR HQ

6(;< *2/' (DX GH SDUIXP PO IO R] &yG

9DORUL]DGR HQ

)ORUDO 6HQVXDO 6HQVXDOHV RUTXtGHDV EODQFDV \ µ RU GH QDUDQMR

+NMQß@A= 1J= @A H=O KNAO IbO =PN=?PER=O @A H= J=PQN=HAV= PEAJA P=I>EÛJ QJK @A HKO =NKI=O IbO OA@Q?PKNAO MQA AJ PE D=?A MQA ENN=@EAO PK@= H= OAJOQ=HE@=@ MQA HHAR=O ?KJPECK

)5$*$1&,$6

6(168$/(6

!J ?=@= NKO= OEAILNA D=U =HCK @A PE

SURPRFLyQ ,W V \RX SiJ

(6(1&,$6 $520$6

'( '(6&8(172

526( 526( (DX GH SDUIXP DWRPLVHXU PO IO R] &yG

9DORUL]DGR HQ „

„

)ORUDO 6HQVXDO 'HOLFDGDV URVDV XQ WRTXH GH YDLQLOOD \ PXVN

.KO=O NKF=O *K ATEOPA IAFKN BKNI= @A ATLNAO=N PK@= H= L=OEäJ A EJPAJOE@=@ @A QJ= IQFAN MQA ?KJ AH =NKI= @A H=O NKO=O NKF=O

5 OE BQAN=O QJ= BHKN

z?QbH OANß=O +NMQß@A= ATäPE?= BHKN @A 0E=NÛ K .KO= @A QHC=NE=

#. 66% !4+0%

)ORUDO 6HQVXDO $WUDFWLYD \ QDWXUDO FRPR OD SDUDGLVtDFD µ RU GH 7LDUp

)ORUDO 6HQVXDO 0LVWHULR \ VHQVXDOLGDG HQ XQD IXVLyQ GH RUTXtGHDV \ H[yWLFDV IUXWDV

SURPRFLyQ ,W V \RX SiJ

(6(1&,$6 $520$6

$ 0,7$'

'( 35(&,2 #. 66% , . %/!

#. 66%

*5$==,$ (;27,& (DX GH SDUIXP DWRPLVHXU PO IO R] &yG

*5$==,$ 3$5$',6( (DX GH SDUIXP DWRPLVHXU PO IO R] &yG

*5$==,$ (DX GH SDUIXP DWRPLVHXU PO IO R] &yG

9DORUL]DGR HQ „ F X

„ F X )ORUDO 5RPiQWLFD 'HOLFDGDV URVDV GH %XOJDULD UHYHODQ WX HVHQFLD IHPHQLQD

-QA AOP= JK?DA OA= PQ JK?DA 6(&5(7 086. (DX GH SDUIXP DWRPLVHXU PO IO R] &yG

9DORUL]DGR HQ „

„

'HVRGRUDQWH UROO RQ PO IO R] 9DORUL]DGR HQ „

*5$7,6 'HVRGRUDQWH UROO RQ SRU OD FRPSUD GHO HDX GH SDUIXP 6HFUHW 0XVN 9DORUL]DGR HQ „

=@= QJ= ?KJ OQ LNKLE= LANOKJ=HE@=@ (VSHFLDGD 6HQVXDO $SDVLRQDQWHV HVSHFLDV SHUIXPDQ WX SLHO SDUD JXLDU VXV EHVRV

SURPRFLyQ ,W V \RX SiJ

LANK ?KIL=NPEAJ@K AH IEOIK =NKI=

/$ &2035$

723

(;35(66,21 (DX GH SDUIXP DWRPLVHXU PO IO R] &yG

9DORUL]DGR HQ „

„ )ORUDO $FWLYD ([SUHVD WXV VHQWLPLHQWRV FRQ µ RU GH QDUDQMR MD]PtQ \ PLPRVDV

/RFLyQ SHUIXPDGD PO IO R] &yG

9DORUL]DGR HQ „ )527$ $48À < 6,(17( (/ $520$ '( (;35(66,21 (1 78 3,(/

„

7DOFR SHUIXPDGR J R] &yG

9DORUL]DGR HQ „

„

)5$*$1&,$6

6(168$/(6

35202&,Ä1 ,1683(5$%/(

KJ PQ NEPIK U ?KJ PQ =NKI=

'DQ]]tD D VROR &yG

?KJMQßOP=HK L=OK = L=OK Pé O=>AO ?äIK '$1==À$ (DX GH SDUIXP DWRPLVHXU PO IO R] 9DORUL]DGR HQ

'XOFH 6HQVXDO 3URYRFDWLYR µ LUWHR GH RUTXtGHD FDOLSVR \ VRUEHWH GH SHUD

)527$ $48À < 6,(17( (/ $520$ (1 78 3,(/

3URPRFLyQ YiOLGD KDVWD DJRWDU VWRFN

)E =NKI= PAOPECK @A JQAOPNK =IKN

'( '(6&8(172 (1 9$1,//$ 6&(17

9$1,//$ 6&(17 (DX GH SDUIXP DWRPLVHXU PO IO R] &yG

9DORUL]DGR HQ „

„

7DOFR SHUIXPDGR J R] &yG

9DORUL]DGR HQ „

„

/RFLyQ SHUIXPDGD PO IO R] &yG

9DORUL]DGR HQ „

„

SURPRFLyQ ,W V \RX SiJ

'XOFH 5RPiQWLFD /D IHOLFLGDG WLHQH DURPD D YDLQLOOD MD]PLQHV \ OLULRV

(6(1&,$6 $520$6

AF= MQA PQ LANBQIA HK ?KJMQEOPA

'( '(6&8(172 (1 -$',66

(VSHFLDGR 6HQVXDO 6HFUHWDV HVSHFLDV \ µ RU GH QHUROL DWUDHQ OR TXH PiV GHVHDV

-$',66 (DX GH SDUIXP DWRPLVHXU PO IO R] &yG

9DORUL]DGR HQ „

„

/RFLyQ SHUIXPDGD PO IO R] &yG

9DORUL]DGR HQ „

„

(63(&,$/ '( )5(6&85$

'( '(6&8(172

0é Oß O=>AO >NEHH=N !HECA AJPNA AOPKO PNAO BNAOMQßOEIKO =NKI=O MQA @AF=J LNA?EKOKO >NEHHKO AJ PQ LEAH

SURPRFLyQ ,W V \RX SiJ

NEHHKO AJ PQ LEAH

/¤ K /¤ (KO PNAO =NKI=O @A H=O ?KHKJE=O .AOLH=J@AOO PA NABNAO?=J AJ ?Q=HMQEAN IKIAJPK @AH @ß= {!HECA H= MQA IbO PA CQOP=Î 5 HK IAFKN AO MQA @AF=J HEJ@KO U @EO?NAPKO >NEHHKO AJ PK@= PQ LEAH

5(63/$1'(66 &RORQLD GH EDxR PO IO R] &yG

5(63/$1'(66 ,//86,21 &RORQLD FRQ EULOORV PO IO R] &yG

5(63/$1'(66 )/25(66 &RORQLD FRQ EULOORV PO IO R] )ORUDO /LPD YHUGH \ JDUGHQLDV WH OOHQDQ GH DOHJUtD \ RSWLPLVPR

)ORUDO )UDJDQWHV OLULRV WH HQYXHOYHQ HQ HQVXHxR

)ORUDO 6HQVXDOHV µ RUHV GHO 2ULHQWH GHVSLHUWDQ WX VHQVXDOLGDG

&yG

9DORUL]DGDV HQ F X F X

(63(&,$/ '( )5(6&85$

'( '(6&8(172

)UXWDO ([yWLFDV JRWDV GH O\FKHH \ JUDQDGD

)527$ $48À < 6,(17( (/ $520$ '( 0<67,& &2&.7$,/ (1 78 3,(/

/EAJPA H= J=PQN=HAV= /EÛJPAH= AJ PQ LEAH ?KJ HKO =NKI=O @A "NQEPO Ó "HKSANO

SURPRFLyQ ,W V \RX SiJ

/¤ K /¤

)ORUDO 'HOLFDGR DURPD GH DPRURVDV IUHHVLDV HQ WX SLHO

)UXWDO 'LVIUXWD GHO UHYLWDOL]DQWH DURPD D PDUDFX\i HQ WX SLHO

(=O AOAJ?E=O @A BNQP=O BNAO?=O U =HCQJ=O ™ KNAO EJ™ QUAJ LKOEPER=IAJPA AJ JQAOPNK AOP=@K @A bJEIK LKNMQA H=O NAH=?EKJ=IKO ?KJ H= REP=HE@=@ @A H= LNKLE= J=PQN=HAV=

)58,76 )/2:(56 &RORQLD PO IO R] 0\VWLF &RFNWDLO &yG

)UHHVLD %RXTXHW &yG

7URSLFDO 0DUDFX\i &yG

9DORUL]DGDV HQ „ F X „ F X

(63(&,$/ '( )5(6&85$

'( '(6&8(172

(HAR= H= OAJOQ=HE@=@ @A H=O BHKNAO KJ OQO PNAO =NKI=O IbO ATMQEOEPKO

SURPRFLyQ ,W V \RX SiJ

/¤ K /¤ (= OAJOQ=HE@=@ P=I>EÛJ OA @AOLEANP= = PN=RÛO @AH KHB=PK KILHAIAJP= H= OAJOQ=HE@=@ @A PQ ?KHKJE= B=RKNEP= ?KJ H= HK?EäJ @AH IEOIK =NKI= éO?=HKO AJ H= LbC

&RORQLD PO IO R] 3DVVLRQ /LOO\ &yG

6HQVXDOO\ 5RVH &yG

6HGXFLQJ 2UFKLGHD )ORUDO ([yWLFD HVHQFLD GH LQVLQXDQWHV SpWDORV

)ORUDO ([TXLVLWD FRPELQDFLyQ GH URVDV \ DFHLWHV DURPiWLFRV

)ORUDO 3URYRFDWLYDV RUTXtGHDV SHUIXPDQ WX SLHO

&yG

9DORUL]DGDV HQ „ F X „ F X

35202&,Ä1 /RFLyQ FRUSRUDO PO µ R]

$ 62/2

„ F X 9DORUL]DGR HQ „ F X

)ORUDO 3URYRFDWLYDV RUTXtGHDV SHUIXPDQ WX SLHO

3RU OD FRPSUD GH ODV FRORQLDV HQ OD SDJ 6HGXFLQJ 2UFKLGHD

&yG

3DVVLRQ /LOO\

&yG

6HQVXDOO\ 5RVH

&yG

(63(&,$/ '( )5(6&85$

6L GHVHDV FRPSUDU VROR XQD /RFLyQ &RUSRUDO VLQ FRQGLFLyQ GH SURPRFLyQ StGHOD DVt 6HGXFLQJ 2UFKLGHD &yG 3DVVLRQ /LOO\ &yG 6HQVXDOO\ 5RVH &yG 3UHFLR „ F X

SURPRFLyQ ,W V \RX SiJ

)ORUDO ([yWLFD HVHQFLD GH LQVLQXDQWHV SpWDORV

)ORUDO ([TXLVLWD FRPELQDFLyQ GH URVDV \ DFHLWHV DURPiWLFRV

HHAJ=NOA @A AJANCß=Î KJ KJOEÛJPAPA !JANCU

&UHPD SDUD PDQRV /DV GHMD VHGRVDV \ SURWHJLGDV GH OD UHVHTXHGDG

-DEyQ OtTXLGR SDUD PDQRV 'HMD WXV PDQRV OLPSLDV VXDYHV FRPR OD VHGD \ FRQ XQ H[TXLVLWR DURPD

'( '(6&8(172

&216,e17(7(

/RFLyQ FRUSRUDO 6HQVDFLyQ GH VXDYLGDG FRQ XQ UHYLWDOL]DQWH DURPD IUXWDO

(QHUJ\ &UHPD SDUD PDQRV PO IO R] &yG

9DORUL]DGR HQ

&RORQLD $QLPD WX GtD FRQ XQ UHYLWDOL]DQWH DURPD IUXWDO

-DEyQ OtTXLGR SDUD PDQRV PO IO R] &yG

9DORUL]DGR HQ

/RFLyQ FRUSRUDO PO IO R] &yG

9DORUL]DGR HQ

&RORQLD PO IO R] &yG

9DORUL]DGR HQ

(O GLMH WDPELpQ HV SUHQGHGRU

(O GLMH WDPELpQ HV SUHQGHGRU

&2//$5(6 &ROODU $GDULV (Q EDxR SODWHDGR \ HVPDOWH FUHPD FRQ FULVWDOHV JULVHV /DUJR UHJXODEOH D FP

&ROODU /LEHOOD &RQ FDGHQD GREOH \ GLMH HQ IRUPD GH OLEpOXOD FRQ FULVWDOHV PXOWLFRORUHV /DUJR UHJXODEOH D FP

&ROODU %ODFN 5RVH &ROODU YHUViWLO FRQ GLMH HQ IRUPD GH IORU TXH SXHGH XVDUVH FRPR SUHQGHGRU /DUJR UHJXODEOH D FP

&yG

&yG

&yG

&ROODU 1DFDU (Q EDxR GH SODWD \ SLH]D SULQFLSDO FRORU QiFDU FRQ ILOLJUDQD (O GLMH WDPELpQ HV SUHQGHGRU /DUJR UHJXODEOH D FP

9DORUL]DGR HQ „

9DORUL]DGR HQ „

9DORUL]DGR HQ „

&yG

„

„

SURPRFLyQ (VWXFKH =HQVDWLRQ SiJ

„

9DORUL]DGR HQ „

„

'( $&&(625,26

'( '(6&8(172

??AOKNEKO QJ OEJBßJ @A KL?EKJAO L=N= RANPA B=>QHKO=

(O GLMH WDPELpQ HV SUHQGHGRU

&ROODU %ORVVRP (Q EDxR SODWHDGR FRQ SHUODV FRORU FUHPD /DUJR UHJXODEOH D FP &yG

9DORUL]DGR HQ

$&&(625,26 (67,/2

)(67,9$/

&ROODU 5HOLJLRVR 5R]]D (Q EDxR GRUDGR FRQ SLHGUDV URVDGDV SHUODV GRUDGDV H LPDJHQ GH OD 9LUJHQ GH )iWLPD /DUJR UHJXODEOH D FP &yG

9DORUL]DGR HQ

z*A?AOEP=O QJ ?KHH=N L=N= AOP= JK?DA z 1JKO HAJPAO L=N= AH BEJ @A OAI=J= -QÛ P=H QJKO =NAPAO MQA ?KI>EJAJ ?KJ HK MQA PEAJAO LQAOPK

*K >QOMQAO IbO ^OEG= PEAJA L=N= PE PK@KO AOKO =??AOKNEKO MQA P=JPK JA?AOEP=O {0A R=O = OKNLNAJ@AN ?KJ OQO JKRA@KOKO U HEJ@KO @EOAãKOÎ

18(675$ %,-287(5,( (6

/,%5( '( 3/202

+DVWD DJRWDU VWRFN

z)A RAO @EBANAJPA (= I=JAN= IbO Bb?EH @A HQ?EN QJ JQARK HKKG AO ?KJ QJ OEILHA ?=I>EK @A =NAPAO 0A RANbO @EOPEJP= ?=@= @ß= {!O AH =??AOKNEK EJ@EOLAJO=>HA @A PK@= IQFANÎ

$5(7(6 $UHWHV ODUJRV +HOHQD (Q EDxR GRUDGR FRQ SHUODV FUHPDV \ FULVWDOHV /DUJR DSUR[ FP

&yG

9DORUL]DGR HQ

$UHWHV ODUJRV $GDULV &RQ EDxR SODWHDGR HVPDOWH FRORU FUHPD \ XQ FULVWDO LQFUXVWDGR /DUJR DSUR[ FP &yG

9DORUL]DGR HQ

$UHWHV ODUJRV /LEHOOD (Q EDxR SODWHDGR FRQ ILQRV FULVWDOHV PXOWLFRORU /DUJR DSUR[ FP &yG

9DORUL]DGR HQ

$UHWHV ODUJRV /XPLHUH (Q EDxR GH SODWD FRQ GRV SLHGUDV JULVHV \ FULVWDOHV WUDQVO~FLGRV /DUJR DSUR[ FP

$UHWHV $GDULV (Q EDxR SODWHDGR FRQ ILQRV FULVWDOHV FRORU QHJUR

&yG

9DORUL]DGR HQ

9DORUL]DGR HQ

18(675$ %,-287(5,( (6

/,%5( '( 3/202

SURPRFLyQ (VWXFKH =HQVDWLRQ SiJ

&yG

$UHWHV ODUJRV &DIIH (Q EDxR GH RUR FRQ SLHGUDV FRORU FDIp FULVWDOHV WUDQVO~FLGRV \ FXHQWDV GH RUR /DUJR DSUR[ FP &yG

9DORUL]DGR HQ

$&&(625,26 (67,/2

)(67,9$/ '( $5(7(6

'( '(6&8(172

$UHWHV ODUJRV $GGRUD (Q EDxR GH RUR FRQ FULVWDOHV WUDQVO~FLGRV \ SHUODV FUHPDV &yG

9DORUL]DGR HQ „

„

+DVWD DJRWDU VWRFN

$UHWHV /DUJRV 'LDPDQWL (Q EDxR SODWHDGR FRQ ILQRV FULVWDOHV FRORU JULV /DUJR DSUR[ FP

&yG

9DORUL]DGR HQ „

„

{(=O MQEANK PK@=OÎ z(=O LQHOAN=O OKJ PQ @A>EHE@=@ ,NALbN=PA R=O = MQA@=N B=O?EJ=@= ?KJ AOPA BAOPER=H

38/6(5$6 3XOVHUD 0DWKLV (Q EDxR SODWHDGR FRQ ODEUDGRV /DUJR UHJXODEOH D FP

3XOVHUD $GGRUD (Q EDxR GH RUR FRQ FULVWDOHV WUDQVO~FLGRV \ SHUODV FUHPDV (OiVWLFD

&yG

&yG

9DORUL]DGR HQ

9DORUL]DGR HQ

18(675$ %,-287(5,( (6

/,%5( '( 3/202

SURPRFLyQ (VWXFKH =HQVDWLRQ SiJ

$&&(625,26 (67,/2

)(67,9$/ '( $&&(625,26

'( '(6&8(172

3XOVHUD ;LDQH (Q EDxR GRUDGR FRQ SHUODV FRORU FUHPD /DUJR UHJXODEOH D FP &yG

9DORUL]DGR HQ „

„

+DVWD DJRWDU VWRFN

3XOVHUD $GDULV &RQ EDxR SODWHDGR \ FROJDQWH GH PDULSRVD FRQ HVPDOWH \ FULVWDOHV 'H DUR GXUR

3XOVHUD /LEHOOD &RQ FROJDQWH HQ IRUPD GH OLEpOXOD FRQ FULVWDOHV 'H DUR GXUR

&yG

9DORUL]DGR HQ „

9DORUL]DGR HQ „

„

&yG

„

3XOVHUD %RXTXHW &RQ SLH]D FHQWUDO FRQ SLHGUD FRORU ERUJRxD \ IORUHV FRQ HVPDOWHV \ ODEUDGRV 'H DUR SDUWLGR &yG

9DORUL]DGR HQ „

„

3XOVHUD 1DFDU &RQ EDxR GH SODWD \ WUHV GLMHV GRV GH WLSR ILOLJUDQD \ HO FHQWUDO GH IORU GH QiFDU /DUJR UHJXODEOH D FP &yG

9DORUL]DGR HQ „

„

18(9$ &2/(&&,Ä1 '-$1,5$ &ROODU /DUJR UHJXODEOH D FP &yG

9DORUL]DGR HQ „

„

$UHWHV ODUJRV /DUJR [ FP &yG

9DORUL]DGR HQ „

„

3XOVHUD /DUJR UHJXODEOH D FP &yG

9DORUL]DGR HQ „

„

'( '(6&8(172

SURPRFLyQ (VWXFKH =HQVDWLRQ SiJ

(Q EDxR SODWHDGR FRQ SLHGUDV \ SHUODV JULVHV

78 2)(57$ (675(//$

18(92 (VWXFKH 2FHDQV ,QFOX\H SDUHV GH DUHWHV &yG

9DORUL]DGR HQ

(Q EDxR GH RUR \ SODWD FRQ SLHGUDV HVPDOWHV \ FULVWDOHV

{(EJ@= PK@= H= OAI=J=Î L=NAO @A =NAPAO @ß=O MQA PA RANbO LNA?EKO= ?KJ AH JQARK AOPQ?DA +?A=JO

18(675$ %,-287(5,( (6

/,%5( '( 3/202

(Q EDxR SODWHDGR FRQ SLHGUDV \ HVPDOWH D]XO

'( '(6&8(172 (1 (678&+( '( &2//$5 < $5(7(6

(VWXFKH 0DGDP ,QFOX\H SDUHV GH DUHWHV

&XDWUR DUHWHV HQ EDxR GH SODWD \ RUR

&yG

9DORUL]DGR HQ „

„

&2/(&&,Ä1 '848(6$

18(92

(VWXFKH GH FROODU \ DUHWHV /DUJR UHJXODEOH GHO FROODU D FP &yG

9DORUL]DGR HQ „

„

18(926

$UHWHV ODUJRV /DUJR [ FP &yG

9DORUL]DGR HQ „

„

3XOVHUD /DUJR UHJXODEOH D FP &yG

9DORUL]DGR HQ „

„

18(675$ %,-287(5,( (6

/,%5( '( 3/202

SURPRFLyQ (VWXFKH =HQVDWLRQ SiJ

35202&,Ä1 (VWXFKH =HQVDWLRQ D VROR

„ &yG &yG

3RU OD FRPSUD GH FXDOTXLHU SUR GXFWR GH PDTXLOODMH \ ELMRXWHULH DGXOWRV

18(92 (VWXFKH =HQVDWLRQ ,QFOX\H FROODU \ DUHWHV /DUJR UHJXODEOH GHO FROODU D FP 0HGLGDV GHO GLMH [ FP 9DORUL]DGR HQ „

(Q EDxR SODWHDGR FRQ HVPDOWH FRORU URMR \ SLHGUD

›8VD HO GLMH GH IRUPDV GLVWLQWDV

3URPRFLyQ YiOLGD KDVWD DJRWDU VWRFN 6L GHVHDV FRPSUDU VROR HO (VWXFKH =HQVDWLRQ VLQ FRQGLFLyQ GH SURPRFLyQ StGHOR FRQ HO &yG 3UHFLR „

'( '(6&8(172

48e 7(;785$ (6 /$ 0(-25 3$5$ 7," 'HOLFLRVD \ VHQVRULDO ORFLyQ

'HOLFDGR JHO

5HVWDEOHFH OD SXUH]D VXDYLGDG \ IUHVFXUD GH WX URVWUR VLQ LUULWDU OD SLHO 6H SXHGH XVDU HQ WRGR WLSR GH FXWLV LQFOXVR HO PiV VHQVLEOH &RQ H[WUDFWRV GH DOJRGyQ \ OLPSLDGRUHV QDWXUDOHV

'HVPDTXtLOOD WX URVWUR VLQ PDOWUDWDU OD EHOOH]D GH WX SLHO FXLGDQGR \ SURWHJLHQGR OD GHOLFDGD ]RQD GH ORV ODELRV \ HO FRQWRUQR GH RMRV &RQ HPROLHQWHV GH H[WUDFWRV GH PDQ]DQLOOD \ ODYDQGD

&$%(//2 3,(/ /AN >AHH= AO PQ IAFKN AHA??EäJ NAI=O HK?EKJAO OD=ILKKO D=U IQ?DKO O=>AN ?QbH AO AH MQA IAFKN HA D=Nb = PQ LEAH = PQ ?=>AHHK K = PQ B=IEHE= AO PQ @A?EOEäJ MQA @A>A AOP=N >EAJ EJBKNI=@= ^OEG= PA KBNA?A =MQß OQO IAFKNAO ?KJOAFKO U NA?KIAJ@=?EKJAO L=N= MQA PA IQAOPNAO >AHH= L=N= MQA RER=O ?KJ O=PEOB=??EäJ

!OLA?E=HIAJPA L=N= PE MQA PA CQOP= ?QE@=N PK@= PQ LEAH 0NELHA ??EäJ )=T PA KBNA?A >AJABE?EKO EJ?NAß>HAO AJ ?=@= QJ= @A OQO LNAOAJP=?EKJAO

(67$6 &5(0$6 6( &203/(0(17$1 $ /$ 3(5)(&&,Ä1

(PEHOOHFH WX FXHUSR

5HQXHYD WX URVWUR

1R KD\ QDGD PiV OLQGR TXH DFDULFLDU WX SLHO \ VHQWLUOD H[TXLVLWD /D &UHPD GH EHOOH]D KXPHFWD WX SLHO OD QXWUH VXDYL]D UHYLWDOL]D \ UHDILUPD D OD YH] DGHPiV OD SURWHJH GH ODV DJUHVLRQHV GHO PHGLR DPELHQWH &RQ YLWDPLQD ( FROiJHQR VLOLFRQDV DFHLWHV SpWDORV GH URVD HODVWLQD \ ILOWURV 89

4Xp LPSRUWDQWH HV WHQHUOR OLEUH GH LPSXUH]DV \ VXDYH /D 0DVFDULOOD UHGXFH OD DSDULHQFLD GH SXQWRV QHJURV \ SRURV DELHUWRV D\XGD D UHPRYHU FpOXODV PXHUWDV UHGXFH HO EULOOR KXPHFWD \ VXDYL]D WX SLHO &RQ SpWDORV GH URVD H[WUDFWR SXULILFDQWH GH OLPyQ JHQFLDQD \ YLWDPLQD (

(PEHOOHFH WXV PDQRV \ IRUWDOHFH WXV XxDV 7XV PDQRV WH SRQHQ HQ FRQWDFWR FRQ HO PXQGR /D &UHPD SDUD 0DQRV KLGUDWD WXV PDQRV ODV QXWUH VXDYL]D UHYLWDOL]D \ D\XGD D SURWHJHU PLHQWUDV IRUWDOHFH ODV XxDV &RQ JOOLFHULQD YLWDPLQD ( SpWDORV GH URVD PHQWRO \ TXHUDWLQD

'( '(6&8(172

&$%(//2 3,(/

/,752

1$785$/ &$5( &UHPD DFODUDGRUD IDFLDO )36 J R] &yG

9DORUL]DGR HQ „

„

$FODUD OD SLHO HQ VHPDQDV \ PHMRUD VX WRQR &RQ URVD PRVTXHWD \ FRQFKD GH QiFDU

3UXHED GH HILFDFLD GHUPDWROyJLFD UHDOL]DGD HQ ODERUDWRULRV &ODLP FRQ PXMHUHV HQWUH \ DxRV GXUDQWH VHPDQDV XVDQGR HO SURGXFWR YHFHV DO GtD

SURPRFLyQ 7ULSOH $FFLyQ %HOOH]D R 7ULSOH $FFLyQ -XYHQWXG SiJ

0DVFDULOOD IDFLDO KLGUDWDFLyQ LQPHGLDWD J R]

*HO UHIUHVFDQWH SDUD HO FRQWRUQR GH RMRV J R]

&UHPD KLGUDWDQWH IDFLDO J R]

&yG

&yG

9DORUL]DGR HQ „

9DORUL]DGR HQ „

9DORUL]DGR HQ „

„

„

'( '(6&8(172

&yG

„

$QWHV

'HVSXpV

+XPHFWD \ VXDYL]D OD SLHO GHO URVWUR GH IRUPD LQPHGLDWD FRQ EDUUR RUJiQLFR \ DORH

&$%(//2 3,(/

/EAJPA H= =??EäJ @A HKO IAFKNAO EJCNA@EAJPAO J=PQN=HAO AJ PQ LEAH

+LGUDWD WXV SiUSDGRV ORV UHIUHVFD \ D\XGD D PHMRUDU OD DSDULHQFLD GH EROVDV RMHUDV \ OtQHDV GH H[SUHVLyQ FRQ SHSLQR \ Wp YHUGH

+LGUDWD WX SLHO \ D\XGD D SURWHJHUOD GH OD DSDULFLyQ GH ORV VLJQRV GH OD HGDG FRQ SHSLQR \ FHUDPLGDV

+25$6

GH KLGUDWDFLyQ

GH SDQHOLVWDV SUHVHQWy PHMRUD HQ OD KLGUDWDFLyQ GH OD SLHO D ODV KRUDV 5HVXOWDGRV GH SUXHED LQVWUXPHQWDO GH H´ FDFLD UHDOL]DGD D ODV KRUDV GHVSXpV GH DSOLFDU HO SURGXFWR HQ YROXQWDULDV HQ ORV ODERUDWRULRV %HOFRUS

0Q LEAH PEAJA =JPKFK @A =HCK BNAO?K U J=PQN=H AHE?EKO=O HK?EKJAO ?KNLKN=HAO MQA @AF=J PQ LEAH OQ=RA U ?KJ QJ ATMQEOEPK =NKI= BNQP=H

+LGUDWD \ VXDYL]D OD SLHO &RQ UHIUHVFDQWH DURPD GH µ RU GH QDUDQMR \ OLWFKL

1$785$/ &$5( )ORU GH 1DUDQMR /LWFKL /RFLyQ KXPHFWDQWH FRUSRUDO OLWUR IO R] &yG

'XUD]QR $oDt /RFLyQ KXPHFWDQWH FRUSRUDO OLWUR IO R] &yG

9DLQLOOD -D]PtQ /RFLyQ KXPHFWDQWH FRUSRUDO OLWUR IO R] &yG

9DORUL]DGR HQ „ F X

„ F X

)527$ $48À < 6,(17( (/ $520$ (1 78 3,(/

SURPRFLyQ 7ULSOH $FFLyQ %HOOH]D R 7ULSOH $FFLyQ -XYHQWXG SiJ

/,752

78 2)(57$ (675(//$ 6XDYL]D \ UHYLWDOL]D OD SLHO &RQ GHOLFLRVR DURPD GH GXUD]QR \ DoDt

/,752

6XDYL]D \ KXPHFWD OD SLHO &RQ UHODMDQWH DURPD GH YDLQLOOD \ MD]PtQ

0K@=O LK@AIKO PAJAN QJ= LEAH DANIKO= !HECA H= HK?EäJ E@A=H L=N= PQ PELK @A LEAH

8QD ORFLyQ SHUIHFWD SDUD FDGD WLSR GH SLHO 1R PiV SLHO GH QDUDQMD

3DUD WRGD WX IDPLOLD

+LGUDWD OD SLHO H[WUD VHFD

/D SLHO GH QDUDQMD \D QR VHUi PiV XQ SUREOHPD SDUD WL $TXDORWLRQ WLHQH H[WUDFWR GH FRUDO \ DOJDV PDULQDV TXH WH D\XGDQ D HOLPLQDU ODV LPSHUIHFFLRQHV GH WX SLHO \ OD GHMD VXDYH \ KHUPRVD

0XOWLFUHP 0LON WLHQH SURWHtQDV GH OHFKH TXH KLGUDWDQ WX SLHO SRU KRUDV $GHPiV VX VXDYH SHUR HIHFWLYD IyUPXOD HV LGHDO SDUD JUDQGHV \ FKLFRV

/D SLHO H[WUD VHFD HV PiV GHOLFDGD \ SURSHQVD D VXIULU SRU ODV LQFOHPHQFLDV GHO FOLPD 0XOWLFUHP 1XWULHQWV FRQWLHQH PLHO DYHQD \ WULJR TXH EULQGDQ Pi[LPD KLGUDWDFLyQ \ UHYLWDOL]DQ WX SLHO

$48$/27,21

08/7,&5(0

08/7,&5(0

3LHO /LVD /RFLyQ FRUSRUDO H[WUD KXPHFWDQWH OLWUR IO R]

0LON /RFLyQ FRUSRUDO KXPHFWDQWH OLWUR IO R]

1XWULHQWV /RFLyQ FRUSRUDO QXWULWLYD OLWUR IO R]

&yG

&yG

9DORUL]DGR HQ „

9DORUL]DGR HQ „

9DORUL]DGR HQ „

„

„

&yG

„

SURPRFLyQ 7ULSOH $FFLyQ %HOOH]D R 7ULSOH $FFLyQ -XYHQWXG SiJ

&$%(//2 3,(/

'( '(6&8(172

/,752

/,752

0K@KO @AOA=NbJ QJ= ?=NE?E= PQU= ,KNMQA PQO I=JKO MQA@=NbJ OQ=RAO A DE@N=P=@=O

0DQRV 6XDYL]D WXV PDQRV \ D\XGD D IRUWDOHFHU WXV XxDV FRQ YLWDPLQDV $ ( NHUDWLQD \ FDOFLR

&UHPD PXOWLDFWLYD SDUD PDQRV J R] &yG

9DORUL]DGR HQ

$KU >NEHH=NbO @A ?QANLK AJPANKÎ (K?EKJAO ?KNLKN=HAO MQA @AF=J PQ LEAH OQ=RA U ?KJ QJ AHAC=JPA >NEHHK

SURPRFLyQ 7ULSOH $FFLyQ %HOOH]D R 7ULSOH $FFLyQ -XYHQWXG SiJ

&$%(//2 3,(/

+XPHFWD VXDYL]D H LOXPLQD WX SLHO FRQ GHVWHOORV SHUODGRV

6XDYL]D KXPHFWD WX SLHO \ GHMD XQ VHQVXDO EULOOR GRUDGR

'( '(6&8(172

(1&$172 '( 3(5/$6 /RFLyQ OXPLQRVD PO IO R] &yG

6('$ 252 /RFLyQ OXPLQRVD PO IO R] &yG

9DORUL]DGR HQ „ F X „ F X

EOBNQP= @AH OKH ?KJ PKP=H LNKPA??EäJ EOBNQP= @AH =ENA HE>NA LNKPACEÛJ@KPA @A HKO N=UKO OKH=NAO

3(5)(&7 681 .LGV 3URWHFWRU VRODU SDUD QLxRV URVWUR \ FXHUSR )36 3$ J R] &yG

9DORUL]DGR HQ „

„

SURPRFLyQ 7ULSOH $FFLyQ %HOOH]D R 7ULSOH $FFLyQ -XYHQWXG SiJ

3URWHJH OD GHOLFDGD SLHO GH ORV QLxRV GHO VRO (YLWD HO HQURMHFLPLHQWR H LUULWDFLyQ

(K?EKJAO MQA @AF=J PQ LEAH OQ=RA U ?KJ AH =NKI= @A PQ BN=C=J?E= B=RKNEP=

&$%(//2 3,(/

0K@= IQFAN MQEANA QJ= LEAH ATMQEOEP=

$ 0,7$'

'( 35(&,2 /RFLRQHV SHUIXPDGDV PO IO R] 9DORUL]DGDV HQ „ F X „ F X

&yG

&yG

&yG

&yG

&yG

&yG

&yG

&yG

,EAO DANIKOKO = ?=@= L=OK

,NQA>= H= HßJA= ?KILHAP= L=N= MQA HQV?=O QJKO LEAO DANIKOKO

SURPRFLyQ 7ULSOH $FFLyQ %HOOH]D R 7ULSOH $FFLyQ -XYHQWXG SiJ

&$%(//2 3,(/

(OLPLQD LPSXUH]DV \ FpOXODV PXHUWDV &RQ FiVFDUD GH QXH] SLHGUD SyPH] \ PHQWRO

'( '(6&8(172

/À1($ 3$5$ 3,(6 &UHPD H[IROLDQWH SDUD SLHV J R] 6XDYL]D \ UHIUHVFD &RQ H[WUDFWR GH RUTXtGHD ODYDQGD \ PHQWRO

&yG

&UHPD KXPHFWDQWH J R] &yG

&UHPD SDUD SLHV FRQ DVSHUH]DV \ FDOORVLGDGHV J R] &yG

9DORUL]DGR HQ F X F X

1J= ?EP= ?KJPECK IEOI= !O IKIAJPK @A ?QE@=N PQO LEAO

(OLPLQD FDOORV \ DVSHUH]DV &RQ H[WUDFWR GH DYHQD iFLGR VDOLFtOLFR \ PHQWRO

!ILEAV= @bJ@KHAO QJ OQ=RA I=O=FA ?KJ ?NAI= ATBKHE=JPA

!JFQbC=HKO U OÛ?=HKO OQ=RAIAJPA

KHä?=HAO QJ LK?K @A ?NAI= DQIA?P=JPA U MQA@=NbJ {IbO OQ=RAO MQA JQJ?=Î !H PKMQA J=H Û?D=HAO P=H?K =Oß HKO OAJPENbO BNAO?KO PK@K AH @ß=

QE@= H=O =L=NEAJ?E=O ABEJA = H= LANBA??EäJ H= BKNI= @A PQ ?=>AHHK ?KJ /LA?EBEG=H

HEO= PQ ?=>AHHK

'( '(6&8(172

63(&,),.$/ 6KDPSRR PO IO R] /LVR DO 0i[LPR &yG 5L]RV DO 0i[LPR &yG 5HIOH[ &yG 9DORUL]DGR HQ „ F X „ F X $FRQGLFLRQDGRU PO IO R] /LVR DO 0i[LPR &yG 5L]RV DO 0i[LPR &yG 5HIOH[ &yG 9DORUL]DGR HQ „ F X „ F X 7UDWDPLHQWR HQ FUHPD PO IO R] /LVR DO 0i[LPR &yG 5L]RV DO 0i[LPR &yG 5HIOH[ &yG 9DORUL]DGR HQ „ F X „ F X

SURPRFLyQ 7ULSOH $FFLyQ %HOOH]D R 7ULSOH $FFLyQ -XYHQWXG SiJ

&$%(//2 3,(/

= >NEHHK AOLA?P=?QH=N

.A=HV= PQO NEVKO

0Q ?=>AHHK HQ?A LANBA?PK KJ QJ OD=ILKK AJ HK HEILE=O =?KJ@E?EKJ=O U D=OP= =DKNN=O PEAILK

SURPRFLyQ 7ULSOH $FFLyQ %HOOH]D R 7ULSOH $FFLyQ -XYHQWXG SiJ

/,752

78 2)(57$ (675(//$

HQ 7RGR WLSR GH FDEHOOR $XPHQWD HO EULOOR FRQ DOPHQGUDV \ IRUWDOHFH OD ´ EUD FDSLODU FRQ JHUPHQ GH WULJR

$/9,(172 HQ 3DUD WRGR WLSR GH FDEHOOR 6KDPSRR DFRQGLFLRQDGRU OLWUR IO R] &yG

9DORUL]DGR HQ „

„

/,752

/,752

/,752

&DEHOOR ([WUD 6HFR +XPHFWD \ GD EULOOR FRQ DFHLWH GH MRMRED SURWHJH OD ´ EUD FDSLODU FRQ NLZL

&DEHOOR 6HFR 6XDYL]D \ DFRQGLFLRQD FRQ DFHLWH GH FRFR KXPHFWD \ GHMD GyFLO HO FDEHOOR FRQ DJXDFDWH

&DEHOOR 1RUPDO )RUWDOHFH OD ´ EUD FDSLODU FRQ DYHQD \ OH GD VXDYLGDG \ YLGD FRQ PLHO

$/9,(172 &DEHOOR 6HFR 6KDPSRR OLWUR IO R]

&DEHOOR ([WUD 6HFR 6KDPSRR OLWUR IO R]

&DEHOOR 1RUPDO 6KDPSRR OLWUR IO R]

&yG

&yG

&yG

9DORUL]DGR HQ „

9DORUL]DGR HQ „

9DORUL]DGR HQ „

„

„

„

SURPRFLyQ 7ULSOH $FFLyQ %HOOH]D R 7ULSOH $FFLyQ -XYHQWXG SiJ

>N=V= ?KJ ?KJBE=V= &DEHOOR *UDVR &RQWUROD HO QLYHO GH JUDVD FRQ OLPyQ \ UHIUHVFD FRQ ViELOD

$=OP= DKN=O @A LNKPA??EäJ ?KJPN= H= PN=JOLEN=?EäJ

8QLVH[ &RQ IUDJDQFLD QHXWUD

3DUD pO &RQ UHIUHVFDQWH IUDJDQFLD PDVFXOLQD

81,6(;

3$5$ e/

&$%(//2 3,(/

/,752

'( '(6&8(172

3DUD HOOD &RQ GHOLFDGR DURPD µ RUDO

3$5$ (//$

727$/ 6(& 81,6(;

&DEHOOR *UDVR 6KDPSRR OLWUR IO R] &yG

9DORUL]DGR HQ „

„

'HVRGRUDQWH DQWLWUDQVSLUDQWH UROO RQ PO IO R] 8QLVH[ &yG +RPEUH &yG 0XMHU &yG 9DORUL]DGR HQ „ F X „ F X

)bTEI= LNKPA??EäJ ?KJ PQO =NKI=O B=RKNEPKO

3DUD (OOD

AOK@KN=JPAO L=N= PE U L=N= ÛH MQA PA LNKPACAJ @A H= PN=JOLEN=?EäJ U AH I=H KHKN

&yG

&yG

&yG

&yG

&yG

&yG

&yG

&yG

&yG

&yG

&yG

&yG

&yG

&yG

,NKPACAJ @AH I=H KHKN %JPAJOEBE?=J AH =NKI= @A PQ BN=C=J?E= B=RKNEP=

SURPRFLyQ 7ULSOH $FFLyQ %HOOH]D R 7ULSOH $FFLyQ -XYHQWXG SiJ

&$%(//2 3,(/

3DUD (O

'( '(6&8(172

'HVRGRUDQWHV UROO RQ PO IO R] 9DORUL]DGRV HQ „ F X „ F X

&yG

&yG

&yG

8QLVH[

&yG

&yG

&yG

&yG &yG

&yG

&yG

&yG

&yG

&yG

0K@K HK MQA PQ LEAH MQEANA AJ QJ= OKH= ?NAI= KJ OQO >AJABE?EKO 0NELHA ??E채J )=T AO H= =UQ@= IbO ?KILHAP= L=N= RAJ?AN =H PEAILK

J

.AOQHP=@KO ?KILNK>=@KO

GH ODV PXMHUHV VLQWLy OD SLHO PiV KXPHFWDGD GH ODV PXMHUHV VLQWLy PHQRV LPSXUH]DV HQ OD SLHO

>AJABE?EKO

35202&,Ä1 7ULSOH $FFLyQ 0D[ FUHPDV IDFLDOHV D VyOR

F X

3RU OD FRPSUD GH FXDOTXLHU SUR GXFWR GHO FDWiORJR 1R LQFOX\H RWUDV SURPRFLRQHV

>AJABE?EKO

J

.AOQHP=@KO ?KILNK>=@KO

GH ODV PXMHUHV VLQWLy PHMRUtD HQ OD DSDULHQFLD GH DUUXJDV GH ODV PXMHUHV SHUFLELy VX SLHO PiV FODUD

Qß@=HK ?KJ HK IAFKN Cé ,KNMQA PEAJA PNAO HßJA=O AOLA?E=HEV=@=O ?KJ PK@K HK MQA PQ >A>Û JA?AOEP= @AO@A OQ J=?EIEAJPK z5= O=>AO ?QbH AO H= IbO =@A?Q=@= L=N= ?=@= A@=@ U ?=@= JA?AOE@=@ @A PQ >A>Û MQß PA HK ATLHE?=IKO

Cé )bTEIK QE@=@K .A?EÛJ J=?E@KO (K ?QE@= @AO@A MQA J=?A D=OP= HKO IAOAO ?KJ EJCNA@EAJPAO J=PQN=HAO OEJ =H?KDKH {U OEJ ENNEP=N OQO HEJ@KO KFEPKOÎ GH D PHVHV

Cé =>U .AH=T .AH=F= = PQ >A>Û /QO @AHE?=@=O JKP=O @A F=VIßJ I=JV=JEHH= U ?=JAH= HA @=J QJ= OAJO=?EäJ @A ?KJBKNP U >EAJAOP=N *K PEAJA =H?KDKH JE ?KHKN=JPAO =NPEBE?E=HAO

GH D PHVHV

Cé ,=N= AH ?QE@=@K @E=NEK /KJ LNK@Q?PKO ?KJ EJCNA@EAJPAO OQ=RAO U @AHE?EKOKO =NKI=O L=N= IEI=NHK U ?NA=N AOA H=VK P=J AOLA?E=H AJPNA I=Ib A DEFK { AO?é>NAHKOÎ GH D PHVHV

SURPRFLyQ (VWXFKH +DOORZHHQ R &DGHQD )RUFH SiJ

6KDPSRR $J~ &RQ HVHQFLDV GH PLHO \ WULJR SDUD TXH WHQJD HO FDEHOOR PiV IXHUWH \ VDQR

/,752

6KDPSRR $J~ %DE\ 5HOD[ 8Q VROR SURGXFWR TXH FXLGD VX FDEHOOR \ SLHO LGHDO SDUD HO EDxR DQWHV GH GRUPLU

6KDPSRR $J~ 0i[LPR &XLGDGR )yUPXOD H[WUD VXDYH 8Q VROR SURGXFWR TXH QXWUH VXDYL]D \ SURWHJH VX SLHO \ FDEHOOR

1,f26 %(%e6

/,752

GH D PHVHV

83$

83$

83$

6KDPSRR FRQ PLHO \ WULJR OLWUR IO R]

%DE\ 5HOD[ 6KDPSRR FDEHOOR \ FXHUSR OLWUR IO R]

0i[LPR &XLGDGR 6KDPSRR FDEHOOR \ FXHUSR OLWUR IO R]

&yG

&yG

&yG

„

9DORUL]DGR HQ „

9DORUL]DGR HQ „

'H PO IO R]

'H PO IO R]

'H PO IO R]

&yG

&yG

&yG

9DORUL]DGR HQ „

9DORUL]DGR HQ „

9DORUL]DGR HQ „

9DORUL]DGR HQ „

„

„

„

„

„

'( '(6&8(172 (1 (/ 6+$0322 %$%< 5(/$; 0/ )/ 2=

*=?A PQ >A>Û J=?A AH IAFKN ?QE@=@K QE@= OQ LEAH ?KJ H= HßJA= AOLA?E=HEV=@= 1L= )bTEIK QE@=@K

83$

&UHPD &RQ DYHQD \ SURWHtQDV GH OHFKH 'HMD VX SLHO VXDYH \ SURWHJLGD WRGR HO GtD

&RORQLD 7LHUQR DURPD QDWXUDO FRQ IyUPXOD VXDYH \ YLWDPLQD ( SDUD HO UHFLpQ QDFLGR

/,752

0i[LPR &XLGDGR &UHPD FRUSRUDO KXPHFWDFLyQ KRUDV J R] &yG

9DORUL]DGR HQ

'H J R] &yG

9DORUL]DGR HQ

&RORQLD VLQ DOFRKRO OLWUR IO R] &yG

9DORUL]DGR HQ

'H PO IO R] &yG

9DORUL]DGR HQ

/RV SURGXFWRV GH HVWD SiJLQD SRGUiQ OOHJDUWH FRQ HO QRPEUH 8SD R $J~

/¤ K /¤ !H OKJ=FANK AO AH LNEIAN FQCQAPA E@A=H L=N= PQ >A>Û (A AJ?=JP=Nb LKNMQA =H I=JELQH=NHK K>PEAJA OKJE@KO U HK LQA@A IKN@AN U PEN=N

SURPRFLyQ (VWXFKH +DOORZHHQ R &DGHQD )RUFH SiJ

GH D PHVHV

1,f26 %(%e6

0Q >A>Û @KNIENb NEMQßOEIK

/,752

KJ AH PEANJK =NKI= @A HKO LNK@Q?PKO 1L= =>U .AH=T

83$ %DE\ 5HOD[ /RFLyQ KLGUDWDQWH SDUD PDVDMHV PO IO R] &yG

9DORUL]DGR HQ /RFLyQ 'HOLFDGD FDULFLD TXH VXDYL]D VX SLHO \ OR D\XGD D GRUPLU SURIXQGDPHQWH

&RORQLD 7LHUQR DURPD µ RUDO FRQ QRWDV GH MD]PtQ \ YDLQLOOD TXH OR UHIUHVFD \ OR UHODMD

7DOFR 3URWHJH VX SLHO FRQ IpFXODV GH PDt] DORH PDQ]DQLOOD µ RUHV GH D]DKDU \ FDQHOD

&RORQLD OLWUR IO R] &yG

9DORUL]DGR HQ

'H PO IO R] &yG

9DORUL]DGR HQ

7DOFR J R] &yG

9DORUL]DGR HQ

/RV SURGXFWRV GH HVWD SiJLQD SRGUiQ OOHJDUWH FRQ HO QRPEUH 8SD R $J~

/¤ K /¤

GH D PHVHV

/E PQ >A>Û HHKN= AJ H= JK?DA D=VHA PEANJ=O ?=NE?E=O D=OP= MQA AOPÛ = LQJPK @A RKHRAN = @KNIEN ,NK?QN= JK MQA@=NPA IbO @A IEJQPKO

GH D PHVHV

&RORQLD 7LHUQR DURPD FRQ µ RUHV GH PDQ]DQLOOD TXH OR GHMDUi IUHVFR \ UHODMDGR

"NAOMQEPK U ?KJPAJPK Oß OA OEAJPA PQ >A>Û ?Q=J@K HK NABNAO?=O ?KJ H= PANJQN= @A 1L=

SURPRFLyQ (VWXFKH +DOORZHHQ R &DGHQD )RUFH SiJ

/,752

1,f26 %(%e6

/,752

&RORQLD 6XDYH DURPD FtWULFR TXH OR UHIUHVFD D WRGD KRUD

'( '(6&8(172

83$ &RORQLD IUHVFD 'H PO IO R] &yG

9DORUL]DGR HQ „

„

&RORQLD IUHVFD OLWUR IO R] &yG

9DORUL]DGR HQ „

„

&RORQLD FRQ IORUHV GH PDQ]DQLOOD OLWUR IO R] &yG

9DORUL]DGR HQ „

„

'H PO IO R] &yG

9DORUL]DGR HQ „

„

7DOFR FRQ IpFXODV GH PDt] J R] &yG

9DORUL]DGR HQ „

„

/RV SURGXFWRV GH HVWD SiJLQD SRGUiQ OOHJDUWH FRQ HO QRPEUH 8SD R $J~

&ROODU 3HTXHxD IH

(Q EDxR GRUDGR \ SODWHDGR FRQ HVPDOWHV OLQGDV SLHGUDV \ FULVWDO WUDVO~FLGR

,QFOX\H GLMH FRQ IRUPD GH DQJHOLWR 0HGLGDV DSUR[ [ FP &yG

9DORUL]DGR HQ „

„

(VWXFKH GH DQLOORV 3ULQFHVV 7UHV SDUHV GH DQLOORV FRQ IRUPDV GH SULQFHVD HVWUHOOD \ FRURQD 7DOOD UHJXODEOH &yG

9DORUL]DGR HQ „

„ &ROODU HQ EDxR GH RUR \ GLMH FRQ XQ FULVWDO WUDVO~FLGR

(VWXFKH &DQG\ $SSOH ,QFOX\H FROODU \ DUHWHV /DUJR GHO FROODU FP 0HGLGDV DSUR[ GHO GLMH [ FP &yG (Q EDxR GRUDGR FRQ HVPDOWH GH FRORUHV \ ´ QR FULVWDO WUDQVO~FLGR

9DORUL]DGR HQ „

„

18(675$ %,-287(5,( (6

/,%5( '( 3/202

SURPRFLyQ (VWXFKH +DOORZHHQ R &DGHQD )RUFH SiJ

1,f26 %(%e6

'( '(6&8(172 (1 (/ &2//$5 67$5(//$

(Q EDxR GH RUR FRQ FULVWDOHV \ HVPDOWHV SLQWDGRV D PDQR GH FRORU PRUDGR \ WXUTXHVD

&2/(&&,Ä1 67$5(//$ &ROODU ,QFOX\H GLMH FRQ IRUPD GH PDULSRVD \ FULVWDO FHOHVWH 0HGLGDV DSUR[ GHO GLMH FP [ FP

$UHWHV

$UHWHV ODUJRV

&yG

&yG

9DORUL]DGR HQ „

9DORUL]DGR HQ „

„

„

3XOVHUD ,QFOX\H GLMH GH PDULSRVD \ FULVWDO FHOHVWH 0HGLGDV GHO GLMH FP [ FP

&yG

&yG

9DORUL]DGR HQ „

9DORUL]DGR HQ „

„

„

)=IE MQEANK OAN ?KIK PéÎ )QU IQU HEJ@= U ?KJ )EJE DE?O IA OEAJPK =Oß PK@KO HKO @ß=O

&RQ PDQ]DQLOOD \ SURWHtQDV GH WULJR UHVDOWD HO FRORU QDWXUDO GHO FDEHOOR FODUR

0RGHUQR DURPD µ RUDO IUXWDO VROR SDUD FKLFDV FRRO

/¤ K /¤ ,=N= MQA PQ LAMQAã= AOPÛ OEAILNA N=@E=JPA @EHA MQA AHH= AO AOLA?E=H LKNMQA AO éJE?= EHA ?QbJ BAHEV PA OEAJPAO @A OAN OQ I=IE U JK KHRE@AO ?AHA>N=N U BAOPAF=N PK@KO OQO HKCNKOÎ

&DQG\ \ .HOO\ 6KDPSRR PDQ]DQLOOD HQ PO IO R]

.HOO\ 7HFK 5XEL 'LYLQH &RORQLD FRQ FKLVSHDQWHV &RORQLD FRQ FKLVSHDQWHV HVWUHOODV PO IO R] HVWUHOODV PO IO R]

&yG

&yG

&yG

9DORUL]DGR HQ

9DORUL]DGR HQ

9DORUL]DGR HQ

SURPRFLyQ (VWXFKH +DOORZHHQ R &DGHQD )RUFH SiJ

1,f26 %(%e6

'( '(6&8(172 (1 /$ &2/21,$ .(//< 7(&+

8Q DURPD GH GHOLFLRVDV µ RUHV \ IUXWDV SDUD ODV FKLFDV PiV IDVKLRQ

3DUD TXH HOOD SXHGD OXFLU HO SHLQDGR PiV GLYHUWLGR \ FRQ EULOORV PX\ PRGHUQRV

(Q XQ VROR SDVR VX FDEHOOR TXHGDUi OLPSLR VHGRVR \ FRQ XQ ULTXtVLPR DURPD D WXWWL IUXWWL

'HVHQUHGD HO FDEHOOR OH GD XQ EULOOR IDEXORVR \ OR GHMD OLVWR SDUD ORV SHLQDGRV PiV OLQGRV

'HMD VX SLHO PX\ VXDYH FRQ XQ RORU ULTXtVLPR \ FRQ SUHFLRVRV EULOORV

0,1, &+,&6 7LQD \ /LVD /LVD &RRO *HO FRQ FKLVSLWDV SDUD HO 6KDPSRR HQ FDEHOOR PO IO R] PO IO R]

7LQD 'DQFH 'HVHQUHGDQWH PiJLFR PO IO R]

&DQG\ 6ZHHW /RFLyQ SDUD HO FXHUSR FRQ FKLVSLWDV PO IO R]

&yG

&yG

&yG

&yG

9DORUL]DGR HQ „

9DORUL]DGR HQ „

9DORUL]DGR HQ „

9DORUL]DGR HQ „

„

„

„

„

(= BQANV= AOPb ?KJPECK KI=J@K "KN?A PA =UQ@= = I=JPAJAN HEILEK U CQ=LK = PQ OQLANDÛNKA

SURPRFLyQ (VWXFKH +DOORZHHQ R &DGHQD )RUFH SiJ

1,f26 %(%e6

'( '(6&8(172 (1 *(/

8Q KXUDFiQ GH IUHVFXUD FRQ DURPD D GHOLFLRVDV IUXWDV

5HIUHVFDQWH DURPD SDUD VXSHUKpURHV TXH GHVLQWHJUD D ORV 0XJU\[

3HUPLWH KDFHU ORV SHLQDGRV PiV GLYHUWLGRV \ PRGHUQRV

0i[LPD HVSXPD TXH HOLPLQD WRGR UDVWUR GH VXFLHGDG HQ HO FDEHOOR

)527$ $48À < 6,(17( (/ $520$ ;3/$6+ (1 78 3,(/

&20$1'2 )25&( 6SXPDWDN 6KDPSRR HQ PO IO R]

;SODVK &RORQLD PO IO R]

$URPD[ &RORQLD PO IO R]

3DUDJHOL[ *HO J R]

&yG

&yG

&yG

&yG

9DORUL]DGR HQ „

9DORUL]DGR HQ „

9DORUL]DGR HQ „

9DORUL]DGR HQ „

„

„

„

„

PQO LAMQAãKO HAO CQOP= KHAN BNAOMQEPK

6X ULFR DURPD D QDUDQMD OD YD D GHMDU ROLHQGR GHOLFLRVR

KJOEÛJPAHKO ?KJ H=O ?KHKJE=O U HKO @ERANPE@KO LANOKJ=FAO @A $=LLU HQ>

+$33< &/8% &RFR]LxR &RORQLD SDUD QLxRV PO IO R] &yG

6X DURPD D OLPyQ OR KDUi VHQWLUVH PX\ IUHVFR GHVSXpV GHO EDxR

SURPRFLyQ (VWXFKH +DOORZHHQ R &DGHQD )RUFH SiJ

+LSRSRYD &RORQLD SDUD QLxDV PO IO R] &yG

9DORUL]DGDV HQ „ F X „ F X

35202&,Ä1

(VWXFKH +DOORZHHQ D VROR

„

(Q EDxRV GH RUR \ SODWD FRQ HVPDOWHV GH FRORUHV SLQWDGRV D PDQR FRQ FULVWDO \ SHUOD

&yG

&DGHQD )RUFH &RGH D VROR

„

&yG SRU OD FRPSUD GH XQ SURGXFWR GH QLxRV GH OD SiJ D OD SiJ

&DGHQD HQ EDxR SODWHDGR \ GLMH FRQ HVPDOWH SLQWDGR D PDQR

&DGHQD )RUFH &RGH SDUD QLxR (O GLMH WLHQH OD LPDJHQ GH &RPDQGR )RUFH \ VX ERUGH EULOOD HQ OD RVFXULGDG 0HGLGDV DSUR[ [ FP 9DORUL]DGR HQ „

›%ULOOD HQ OD RVFXULGDG

18(9$ (VWXFKH GH DUHWHV +DOORZHHQ ,QFOX\H VLHWH SDUHV GH DUHWHV FRQ GLIHUHQWHV GLVHxRV \ XQ IROOHWR TXH FXHQWD XQD KLVWRULD GH +DOORZHHQ 9DORUL]DGR HQ „ %ULOOD HQ OD RVFXULGDG 6L GHVHDV FRPSUDU HVWRV SURGXFWRV SRU VHSDUDGR VLQ FRQGLFLyQ GH SURPRFLyQ StGHORV DVt (VWXFKH +DOORZHHQ &yG 9DORUL]DGR HQ „ 3UHFLR „ &DGHQD )RUFH &RGH &yG 9DORUL]DGR HQ „ 3UHFLR „

3URPRFLyQ YiOLGD KDVWD DJRWDU VWRFN

)5$*$1&,$6

(/(*$17(6

/$ (/(*$1&,$ 7,(1( 0½6 '( 81 (67,/2

'( '(6&8(172 (1 &2/2*1( $720,6(85 '­$5,(1

,03(5,80 &RORJQH DWRPLVHXU PO IO R] &yG

9DORUL]DGR HQ „

„

' $5,(1 &RORJQH DWRPLVHXU PO IO R] &yG

9DORUL]DGR HQ „

„

SURPRFLyQ ,W V SURPRFLyQ ,W V <RX SiJ SiJ

e/ e/ (= I=CE= @A HKO =NKI=O 1J= >QAJ= BN=C=J?E= PEAJA AH LK@AN @A @AOLANP=N OAJPEIEAJPKO NAREREN NA?QAN@KO U LKN OQLQAOPK =QIAJP=N AH =PN=?PERK ,KN AOK QJ LANBQIA JK AO OKHK QJ KHKN =CN=@=>HA OEJK QJ IQJ@K IbCE?K HHAJK @A OAJO=?EKJAO

.%!*

(/(*,5 81$ )5$*$1&,$ $/ $=$5" -$0½6

(6 3( &, $ ' 2

0 $ ' (5 2 62

2 ,& 75 &À

&À 75 ,& 2

/ $ 5% +(

+( 5% $ /

62 2 (5 ' $ 0

7,9 $&

6 ('8 2 &7 51 25 ( ' 2 0 2 ' $ &, 3( (6

(/ (* $1 7(

!J AH >=JE?K @A NKI=O @A ^OEG= AJ?QAJPN= OQ BN=C=J?E= E@A=H

(63(&,$'2

0$'(5262

+(5%$/

&À75,&2

&À75,&2

+(5%$/

0$'(5262

(63(&,$'2

«O=HK =Oß 1>E?= QJK @A HKO CNQLKO OACéJ OQ AOPEHK !HAC=JPA )K@ANJK /A@Q?PKN K ?PERK

(QACK AHECA AH PELK @A =NKI= OACéJ H= B=IEHE= KHB=PER= !OLA?E=@K )=@ANKOK $AN>=H K ßPNE?K

!OP=O OAã=HAO PA =UQ@=NbJ = AJ?KJPN=N PQ =NKI= AJ AH ?=PbHKCK )5$*$1&,$6

(/(*$17(6 ,PSHULXP $]DEDN '­DULHQ

)5$*$1&,$6

02'(51$6 :LQQHU %ODFN +LJKZD\ &DUGLJDQ

)5$*$1&,$6

6('8&725$6 6WURQJ 0XVN 9DQLOOD +RPEUH :LQQHU 7RQLJKW 9HKHPHQFH SDUD pO ,PiQHP ([XV 3XOVR 6DOYDMH ,QQDWR

)5$*$1&,$6

$&7,9$6

$YHQWRXU )RU]H :LQQHU 6SRUW $OWKHXV ,W­V <RX ,W­V <RX /LYH

'( '(6&8(172

!OK AO OAN AOLKJPbJAK AOK AO =N@EC=J

e/ e/

6(5 812 0,602 6,1 3(16$5/2 '26 9(&(6

+,*+:$< &RORJQH DWRPLVHXU PO IO R]

:,11(5 %/$&. &RORJQH DWRPLVHXU PO IO R]

&yG

&yG

9DORUL]DGR HQ „

9DORUL]DGR HQ „

„

0DGHURVR 0RGHUQR $XGDFHV QRWDV GH PXVN WRQND \ YHWLYHU LQYLWDQ D YLYLU LQWHQVDPHQWH

'( '(6&8(172 (1 +,*+:$<

SURPRFLyQ ,W V <RX SiJ

„

(VSHFLDGR 0RGHUQR 0DGHUDV H[FOXVLYDV \ HVSHFLDV ~QLFDV SDUD HO KRPEUH GLVWLQJXLGR

e/ e/ ,7 6 <28 /,9( )UDJDQFLD XQLVH[ &RORJQH DWRPLVHXU PO IO R]

:,11(5 63257 &RORJQH DWRPLVHXU PO IO R]

&yG

9DORUL]DGR HQ „

9DORUL]DGR HQ „

„

&yG

„

7DOFR SHUIXPDGR J R] &yG

9DORUL]DGR HQ „

„ &tWULFD $FWLYD /D IUHVFXUD GH XQD QRFKH GH YHUDQR PDQGDULQDV LWDOLDQDV QRWDV PDULQDV \ KRMDV GH EDPE~

'( '(6&8(172 (1 ,7­6 <28 /,9(

+HUEDO $FWLYR (QpUJLFDV QRWDV FtWULFDV FHGUR YHWLYHU \ PXVN

'( '(6&8(172 (1 /$ )5$*$1&,$ :,11(5 63257

)5$*$1&,$6

$&7,9$6

)527$ $48À < 6,(17( (/ $520$ (1 78 3,(/

SURPRFLyQ ,W V <RX SiJ

78 2)(57$ (675(//$

$9(17285 &RORJQH DWRPLVHXU PO IO R] &yG

9DORUL]DGR HQ „

„

(63À5,78 /,%5( RAJPKQN !H RAN@=@ANK RE=FA AOPb LKN ?KIAJV=N

$520$6 )5(6&26 (02&,21(6 ,17(16$6

+HUEDO $FWLYR 3RWHQWHV QRWDV GH OLPyQ WRQND \ FHGUR EODQFR

*5$7,6 'HVRGRUDQWH UROO RQ 3RU OD FRPSUD GH OD IUDJDQFLD $OWKHXV 9DORUL]DGR HQ „

)25=( &RORJQH DWRPLVHXU PO IO R] &yG

9DORUL]DGR HQ „

„

$/7+(86 &RORJQH DWRPLVHXU PO IO R] &yG

9DORUL]DGR HQ „

„

'HVRGRUDQWH UROO RQ PO IO R] 9DORUL]DGR HQ „

SURPRFLyQ ,W V <RX SiJ

+HUEDO $FWLYR 'LQiPLFD IUHVFXUD FRQ YLJRURVDV QRWDV GH ODYDQGD

e/ e/

'( '(6&8(172

48e /2 +$&( 7$1 ,55(6,67,%/(" 38/62 &+5,67,$1 0(,(5 &RORJQH DWRPLVHXU PO IO R] &yG

9DORUL]DGR HQ

+HUEDO 6HGXFWRU (QYROYHQWHV DFRUGHV GH FDUGDPRPR WDEDFR \ VHGXFWRU FHGUR URMR

-8172 $ e/ (/ 7,(032 6( '(7,(1(

'( '(6&8(172

9$1,//$ +20%5( &RORJQH DWRPLVHXU PO IO R] &yG

9DORUL]DGR HQ „

„

(VSHFLDGR 6HGXFWRU &iOLGD YDLQLOOD VH PH]FOD FRQ DLUHV PDGHURVRV

SURPRFLyQ ,W V <RX SiJ

e/ e/

(/ 25,*(1 '( /$ 3$6,Ä1 !H LK@AN @A H= OA@Q??EäJ

'( '(6&8(172

67521* 086. &RORJQH PO IO R] &yG

9DORUL]DGR HQ „

„ (VSHFLDGR 6HGXFWRU 1RWDV GH PXVN \ EHUJDPRWD VH XQHQ HQ XQ H[FLWDQWH DURPD

'HVRGRUDQWH UROO RQ PO IO R] &yG

9DORUL]DGR HQ „

„

7DOFR SHUIXPDGR J R] &yG

9DORUL]DGR HQ „

„

,0½1(0 &RORJQH DWRPLVHXU PO IO R] &yG

9DORUL]DGR HQ „

„

'( '(6&8(172

(VSHFLDGR 6HGXFWRU /D LQWHQVLGDG GHO ViQGDOR \ HO FDVKPqUH VH FRPELQDQ HQ XQD IUDJDQFLD LUUHVLVWLEOH

SURPRFLyQ ,W V <RX SiJ

18(9$

'( '(6&8(172

&$87,9$ 6('8&( &2148,67$ ,KN OQO RAJ=O ?KNNA NEPIK U L=OEäJ AOA AJ?=JPK H=PEJK MQA HK D=?A @QAãK @A QJ LK@AN éJE?K

!O ÛH MQEAJ LKJA H=O NACH=O U AHH=O =I=J NAJ@ENOA =JPA H= ENNAOEOPE>HA PAJP=?EäJ

,11$72 (DX GH WRLOHWWH DWRPLVHXU PO IO R] &yG

9DORUL]DGR HQ „

„

+HUEDO 6HGXFWRU 3DWFKRXOL \ FDUGDPRPR VH XQHQ HQ OD PiV LUUHVLVWLEOH HVHQFLD PDVFXOLQD

(/ &8,'$'2 48( (/ +20%5( 1(&(6,7$

6KDPSRR HQ /LPSLD SURIXQGDPHQWH \ D\XGD D SUHYHQLU OD FDVSD

6KDPSRR &RQWURO (IHFWLYR /LPSLD SURIXQGDPHQWH \ IRUWDOHFH HO FDEHOOR

6KDPSRR 0i[LPD )XHU]D 5HGXFH OD FDtGD GHO FDEHOOR HQ XQ

e6,.$ 0(1 6KDPSRR PXOWLDFFLyQ HQ PO IO R] &yG

9DORUL]DGR HQ „

„

6KDPSRR FRQWURO HIHFWLYR PO IO R]

6KDPSRR Pi[LPD IXHU]D PO IO R]

&yG

&yG

9DORUL]DGR HQ „

9DORUL]DGR HQ „

„

&DtGD GHO FDEHOOR SRU TXLHEUH UHVXOWDGRV D SDUWLU GH OD WD ODYDGD YV HO FRQWURO EDVDO

SURPRFLyQ ,W V <RX SiJ

„

e/ e/

'( '(6&8(172 (1 75$7$0,(172 )$&,$/ 08/7,$&&,Ä1 (1 /2&,Ä1

*HO SDUD HO FDEHOOR %ULQGD Pi[LPD ´ MDFLyQ \ KXPHFWDFLyQ

/RFLyQ FDSLODU )RUWDOHFH HO FXHUR FDEHOOXGR H LQFHQWLYD HO FUHFLPLHQWR FDSLODU

/RFLyQ IRUWDOHFLPLHQWR DQWLFDtGD PO IO R]

*HO ILMDGRU SDUD HO FDEHOOR J R]

&yG

„

9DORUL]DGR HQ „

„

&yG

7UDWDPLHQWR IDFLDO PXOWLDFFLyQ &RQWUROD HO H[FHVR GH JUDVD SUHYLHQH OD DSDULFLyQ GH DUUXJDV GHO URVWUR \ UHIUHVFD OXHJR GHO DIHLWDGR

7UDWDPLHQWR IDFLDO PXOWLDFFLyQ HQ ORFLyQ PO IO R] &yG

9DORUL]DGR HQ „

„

&202 5(&,e1 6$/,'2 '( /$ '8&+$ ^OEG= )AJ "NAOD )bTEI= BNAO?QN= ?Q=J@K IbO HK JA?AOEP=

SURPRFLyQ ,W V <RX SiJ

18(9$ '( '(6&8(172

&RORQLD )UHVFDV QRWDV GH EHUJDPRWD PHQWD WRURQMD \ ODYDQGD TXH UHIUHVFDQ \ UHFDUJDQ GH HQHUJtD

(A R= = CQOP=N LKNMQA

)527$ $48À < 6,(17( (/ $520$ (1 78 3,(/

0EAJA QJ IK@ANJK U NAOEOPAJPA AJR=OA @A CN=J ?=L=?E@=@

!O E@A=H L=N= HHAR=NH= AJ AH I=HAPßJ @ALKNPERK K =H PN=>=FK

0EAJA QJ NABNAO?=JPA =NKI= NAREP=HEV=JPA

e6,.$ 0(1 )UHVK %RG\ VSODVK UHIUHVFDQWH PO IO R] &yG

9DORUL]DGR HQ

&DGHQD 0DQWKUD (Q EDxR GH SODWD \ GH RUR FRQ XQ FULVWDO QHJUR FXDGUDGR /DUJR FP 'LMH [ FP

&DGHQD &UX]DGDV (Q EDxR GH SODWD FRQ GLMH HQ IRUPD GH FUX] \ HVPDOWH QHJUR DO FHQWUR /DUJR UHJXODEOH FP 0HGLGDV GHO GLMH [ FP

&DGHQD +HOLRV &RQ EDxR GH SODWD \ GLMH UHFWDQJXODU FRQ GLVHxR GH IORU GH OLV /DUJR FP 'LMH [ FP

&DGHQD &UX]DGH (Q EDxR GH SODWD FRQ GLMH HQ IRUPD GH FUX] \ GHWDOOH GH FULVWDO QHJUR HQ HO FHQWUR /DUJR FP

&yG

&yG

&yG

&yG

9DORUL]DGR HQ „

9DORUL]DGR HQ „

9DORUL]DGR HQ „ 9DORUL]DGR HQ „

„

„

SURPRFLyQ ,W V <RX SiJ

„

„

$&&(625,26 (67,/2

,=N= ÛH @AP=HHAO MQA HK D=?AJ éJE?K

)(67,9$/ '( $&&(625,26

'( '(6&8(172

(VFODYD 0DQWKUD (Q EDxR GH SODWD \ GLMH UHFWDQJXODU HQ EDxR GH RUR FRQ FULVWDO QHJUR HQ IRUPD GH ª8« 'LMH [ FP

(VFODYD /DQGHQ (Q EDxR GH SODWD \ RUR 'LMH FRQ WH[WXUD GH DOWD MR\HUtD \ FULVWDOHV QHJURV LQFUXVWDGRV 0HGLGD GHO GLMH [ FP

(VFODYD +HOLRV &RQ EDxR GH SODWD \ GLMH UHFWDQJXODU FRQ GLVHxR GH IORU GH OLV 0HGLGDV GHO GLMH [ FP

(VFODYD 3LUHR &RQ EDxR GH SODWD \ HVPDOWH GH FRORU QHJUR FRQ GLVHxR GH FXDGUDGRV 'LMH [ FP

&yG

&yG

&yG

9DORUL]DGR HQ „

9DORUL]DGR HQ „

9DORUL]DGR HQ „

9DORUL]DGR HQ „

„

„

„

&yG

„

18(675$ %,-287(5,( (6

/,%5( '( 3/202

+DVWD DJRWDU VWRFN

9(+(0(1&( 3$5$ (//$ (DX GH SDUIXP DWRPLVHXU PO IO R] &yG

9DORUL]DGR HQ „

„

,0½*(1(6 7DOFR SHUIXPDGR J R] &yG

9DORUL]DGR HQ „

„

3(5)(&7 681 3URWHFWRU VRODU FRUSRUDO HQ VSUD\ )36 PO IO R] &yG

9DORUL]DGR HQ „

„

,1683( 5$%/(6

;,$1$ (DX GH SDUIXP DWRPLVHXU PO IO R] &yG

9DORUL]DGR HQ „

„

'( '(6&8(172

9$1,//$ +20%5( 7DOFR SHUIXPDGR J R]

:,11(5 63257 7DOFR SHUIXPDGR J R]

&yG

&yG

9DORUL]DGR HQ „

9DORUL]DGR HQ „

„

+DVWD DJRWDU VWRFN

„

&tWULFR $FWLYR (VSRQWiQHDV QRWDV FtWULFDV GH OLPyQ \ WRURQMD HQ VX SXQWR PiV UHIUHVFDQWH

,7 6 <28 )UDJDQFLD XQLVH[ (DX GH WRLOHWWH DWRPLVHXU PO IO R] 9DORUL]DGR HQ „ 'HVRGRUDQWH UROO RQ PO IO R] &yG

9DORUL]DGR HQ „

„

)527$ $48À < 6,(17( (/ $520$ (1 78 3,(/

35202&,Ä1 ,W­V <RX D VROR

&yG

3RU OD FRPSUD GH FXDOTXLHU SURGXFWR GH FDWiORJR 1R LQFOX\H RWUDV SURPRFLRQHV

6,03/(0(17( 7Ç 3URPRFLyQ YiOLGD KDVWD DJRWDU VWRFN

35(&,2 7(17$&,Ä1

0QO H=>EKO OKJ H= AOPNAHH=

D VROR

/DELDO OtTXLGR EULOOR IDQWiVWLFR PO IO R] 9DORUL]DGR HQ

&267$ 5,&$ & +$= 78 3(','2 $ 75$9e6 '( 78 &2168/725$ 2 //$0$ $/ &$7½/2*2 9,*(17(

eVLND FRPXQLFD D VXV FOLHQWHV TXH DPERV ORJRV GH OD PDUFD HVWiQ YLJHQWHV \ SRGUi UHFLELU SURGXFWRV FRQ FXDOTXLHUD GH HOORV PDQWHQLHQGR HO PLVPR QLYHO GH FDOLGDG 6tJXHQRV HQ ZZZ HVLND EL]

ZZZ IDFHERRN FRP HVLND EHOFRUS

ZZZ \RXWXEH FRP (VLND9LGHRV

#(VLND%HOFRUS

,035(6,Ð1 0(752&2/25 '( 0e;,&2 6 $ GH & 9

$!..5 ) #% &yG

$=VHKO >NEHH=NÎÎÎ

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