Issuu on Google+

4VIGMS'EXjPSKS 

'EQTEyEHI (IEFVMPEQE]S


!"#$%&$'()%)*$+,)$)*-).#.$/0*1

')$'.#)$,%$-#2#3$'#%$*,#4)$ ')$'.#)$,%$-#2#3$'#%$*,#4) $+,)$')$!5&.-.)%6).01$ +,)$')$!5&.-.)%6).01$ 4IUYIyS IXETE ,EWXEOKW 92-(%(HI:)28% TEUYIXIHIYRMH

'SH 44FPMGS

43JIVXE

1IHMERS IXETE EOKW 92-(%(HI:)28% TEUYIXIHIYRMH

'SH

44FPMGS

43JIVXE





+VERHI IXETE

)\XVEKVERHI IXETE

EOKW 92-(%(HI:)28% TEUYIXIHIYRMH

'SH 44FPMGS

43JIVXE



EOKW 92-(%(HI:)28% TEUYIXIHIYRMH

'SH 44FPMGS

43JIVXE

 )\XVE )\XVEKVERHI IXETE

OKW 92-(%(HI:)28% TEUYIXIHIYRMH

'SH 44FPMGS

43JIVXE




ˆ¢)PTEyEP4VIQMYQHIPEPuRIE,YKKMIW1jWWYEZIW]HIPMGEHSW ˆ'ETEHIXVERWJIVIRGMEUYITIVQMXIQE]SVRMZIPHIEFWSVGMzRHIPuUYMHSW TEVEQERXIRIVPETMIPHIPFIFqWIGE]JVIWGE ˆ'MRXYVE]TMIVREWIPEWXM^EHEWTEVEYRENYWXITIVJIGXSIZMXERHSJMPXVEGMSRIW ˆ'MRXEWQjWWYEZIW]IPjWXMGEWUYITIVQMXIRVIZMWEVEPFIFqGYERXEWZIGIWWIERIGIWEVMS ˆ'SRPMRHSWHMWIySWHI4SSL]WYWEQMKSW 

4EyEPIW

,YKKMIW7YTVIQI

3JIVXE )WTIGMEP 4SVPEGSQTVEHIGEHE TEUYIXIHITEyEPIW ,9++-)77946)1) PPIZE923HIIWXSW PMRHSW-2(-:-(9%0)7 GSPIGGMSREFPIWGSRQSXMZSW HI4SSL]WYWEQMKSW

¢+VEXMW 3*)68%0-1-8%(% ,EWXEEKSXEVI\MWXIRGMEW -RHMZMHYEPIPEFSVEHSIR4SPMIWXMVIRS 1IHMHEWGQERGLS\GQEPXS 138-:377968-(37




¢.YIKE]WIHMZMIVXIPMFVIQIRXI GSRPSWERMQEPMXSWHIPEKVERNE 4IUYIyS IXETE ,EWXEOKW 92-(%(HI:)28% TEUYIXIHIYRMH

'SH 44FPMGS

43JIVXE

 1IHMERS IXETE

EOKW 92-(%(HI:)28% TEUYIXIHIYRMH

'SH 44FPMGS

43JIVXE



+VERHI IXETE EOKW 92-(%(HI:)28% TEUYIXIHIYRMH

'SH 44FPMGS

43JIVXE



)\XVEKVERHI IXETE

EOKW 92-(%(HI:)28% TEUYIXIHIYRMH

'SH 44FPMGS

43JIVXE



)\XVE )\XVEKVERHI IXETE

OKW 92-(%(HI:)28% TEUYIXIHIYRMH

'SH 44FPMGS

43JIVXE




ˆ4SVWYWMWXIQEHIENYWXIQYPXMIPEWXM^EHSQERXMIRIWYJSVQETSVQjWXMIQTS ˆ4VSXIKIEXYFIFqLEWXELSVEW ˆ'MRXEWQjKMGEWUYIWITIKER]VITIKERQYGLEWZIGIWWMRHEyEVIPTEyEP 

4EyEPIW

4EyEPIW,YKKMIW%GXMZI7IG

3JIVXE )WTIGMEP 4SVPEGSQTVEHIGEHE TEUYIXIHITEyEPIW ,9++-)7%'8-:)7)' PPIZE923HIIWXSW :%734-8-003GSRQSXMZSW HIPSWERMQEPIWHIPEKVERNE

¢+VEXMW

3*)68%0-1-8%(% ,EWXEEKSXEVI\MWXIRGMEW :EWSIPEFSVEHSIR4SPMTVSTMPIRS 1IHMHEWGQHIEPXS\GQHIHMjQIXVS 138-:377968-(37




¢)PQINSVGYMHEHSIR PSWTVMQIVSWHuEWHIWYZMHE


4EyEPIW 4EyEPIW,YKKMIW6IGMqR2EGMHS ˆ)WTIGMEPQIRXIHMWIyEHSWTEVEXYFIFq IRPSWTVMQIVSWHuEWHIWYZMHE ˆ1ERXMIRIRIP4,REXYVEPHIPEWTMIPIW QjWWIRWMFPIW]HIPMGEHEW ˆ(MWIySIWTIGMEPIR9TEVETVSXIGGMzRHIPSQFPMKS ˆ'SRPMRHSWHMWIySWHI&EF]4SSL]WYWEQMKSW

8SEPPMXEW,QIHEW ˆ1jWKVYIWEW]WYEZIW ˆ-HIEPIWTEVEIPGYMHEHSHIPFIFqIRWYWTVMQIVSWHuEW ˆ)QTEUYIGSRXETEJjGMPUYIGSRWIVZE PELYQIHEHHIPEWXSEPPMXEW

'31&3,9++-)7 6IGMqR2EGMHS TEUYIXIWHI4EyEPIW TEUYIXIHI8SEPPMXEW,QIHEW ,EWXE/K0FW 92-(%(HI:)28% TEUYIXIWHITEyEPHIYRMHEHIW TEUYIXIXSEPPMXEWLQIHEWHIYRMHEHIW

'SH

44FPMGS




4EyEPIW

4EyEPIW,YKKMIW4YPP9TW ˆ7IZIRWIWMIRXIR]WIQERINERGSQSVSTMXEMRXIVMSV ˆ7IZIRWIWMIRXIR]WIQERINERGSQSVSTMXEMRXIVMSV TIVSTVSXIKIRGSQSYRTEyEP TIVSTVSXIKIRGSQSYRTEyEP ˆ'SR&PSGOKIPUYIFPSUYIEPSWPuUYMHSW ˆ'SR&PSGOKIPUYIFPSUYIEPSWPuUYMHSW ˆ0EXIVEPIWIPjWXMGSWVEWKEFPIWTEVEGEQFMEVPSWJjGMPQIRXI ˆ0EXIVEPIWIPjWXMGSWVEWKEFPIWTEVEGEQFMEVPSWJjGMPQIRXI ˆ7YWHIXIGXSVIWQjKMGSWHILYQIHEHWIHIWZERIGIRGYERHSWIQSNER ˆ7YWHIXIGXSVIWQjKMGSWHILYQIHEHWIHIWZERIGIRGYERHSWIQSNER LEGMIRHSIPETVIRHM^ENIQjWHMZIVXMHS LEGMIRHSIPETVIRHM^ENIQjWHMZIVXMHS ˆ'YFMIVXEXMTSXIPEWYEZI]GSRTIVWSRENIWHI4SSL]WYWEQMKSW ˆ'YFMIVXEXMTSXIPEWYEZI]GSRTIVWSRENIWHI4SSL]WYWEQMKSW ˆ9RMWI\



7ITSRIR]WIUYMXER GSQSVSTMXEMRXIVMSV



4IVQERIGIR IRWYPYKEV

+VERHI

)\XVEKVERHI

)\XVEI\XVEKVERHI

EOKW 92-(%(HI:)28% TEUYIXIHIYRMH

EOKW 92-(%(HI:)28% TEUYIXIHIYRMH

OKW 92-(%(HI:)28% TEUYIXIHIYRMH

'SH 44FPMGS

'SH 44FPMGS

'SH 44FPMGS

43JIVXE

43JIVXE

43JIVXE









¢%TVIRHIVIW GEHEZI^QjWHMZIVXMHS 'SRPEXIVEPIWUYIWI EFVIRJjGMPQIRXI TSVWMEGEWS




ˆ)WPEVSTMXEMRXIVMSVHMWIyEHETEVERMySWIRXVI]OMPSW UYIQSNERPEGEQEHYVERXIIPWYIyS ˆ'SRGYFMIVXEI\XIVMSVYPXVEWYEZI]WMWXIQEHIEFWSVGMzRQj\MQE ˆ7YWPEXIVEPIWIPjWXMGSWVEWKEFPIWTIVQMXIRGEQFMEVPSWGSRJEGMPMHEH

1IHMERS EOKW 92-(%(HI:)28% TEUYIXIHIYRMH

'SH

44FPMGS

43JIVXE



4EyEPIW

+SSH2MXIW

+VERHI EOKW 92-(%(HI:)28% TEUYIXIHIYRMH

'SH 44FPMGS

43JIVXE



¢(IWTIVXEVIW QjW*)0-')7




9REHYPGIGEVMGMETEVEXYFIFq

4EyMXSW.EFSRSWSW ,YKKMIW‹ ø4EyMXSWNEFSRSWSWJVIWGSWPMQTMSW ]HIWIGLEFPIW ø7zPSRIGIWMXEREKYETEVELEGIVIWTYQE ø+VYIWSW]WYEZIWGSQSYREXIPE ø2STVSHYGIRPjKVMQEW ø,MTSEPqVKMGSW 92-(%(HI:)28% GENEHITEySW

'SH

44FPMGS


4VSHYGXSWHIVQEXSPzKMGEQIRXIGSQTVSFEHSW GSRI\GPYWMZEJzVQYPEPMFVIHIPjKVMQEW







0uRIE,YKKMIW‹,YQIGXERXI ˆ*zVQYPEHI%GIMXIHI/EVMXI])\XVEGXSHI%ZIRE ˆ1ERXMIRILYQIGXEHEPETMIPHIPFIFqLEWXETSVLSVEW ˆ4SVWYJVEKERGMEIWXEPuRIEIWETVSTMEHE TEVEPSWRMySWQjWTIUYIySW ,YKKMIWGVIQE LYQIGXERXI

,YKKMIWFEyS PuUYMHSLYQIGXERXI

'SH

'SH

92-(%(HI:)28% JVEWGSHIQP

44FPMGS 

92-(%(HI:)28% JVEWGSHIQP

44FPMGS 



'YMHEHS HIPFIFq

'YMHEHS]HMZIVWMzRGSRPE0uRIETEVEIP&EySHI,YKKMIW‹



0uRIE,YKKMIW‹2YXVMXMZE ˆ1ERKS]GSGSGSQFMREGMzR HIJVYXEW]ZMXEQMREWUYIGYMHER HIPMGEHEQIRXIPETMIPHIPFIFq

,YKKMIWWLEQTSS ,YKKMIWGVIQE RYXVMXMZE RYXVMXMZE 92-(%(HI:)28% JVEWGSHIQ

92-(%(HI:)28% JVEWGSHIQP

,YKKMIWFEyS PuUYMHSRYXVMXMZE

'SH

'SH

'SH

44FPMGS 

44FPMGS 

44FPMGS 

92-(%(HI:)28% JVEWGSHIQP

¢%LSVEIPFEySHMEVMS WIVjYREJMIWXE




¢0MQTMI^EXSXEPFIFqWQjWJIPMGIW 92-(%(HI:)28% TEUYIXIWHIYRMHEHIW

'SH

44FPMGS



8SEPPMXEW,QIHEW%GXMZI*VIWL ˆ 0EJSVQEQjWTVjGXMGEHIXIRIVPSPMQTMS]JVIWGSIRGEHEGEQFMSHITEyEP ˆ 9REEPXIVREXMZEHIKVERGEPMHEHEYRTVIGMSWYTIVGzQSHS ˆ'SRXI\XYVEXMTSXIPE ˆ 7MWXIQEVIWIPPEFPI*PMT8STUYITIVQMXIPPIZEVPEWEXSHEWTEVXIW ˆ 4SVWYKVSWSVVMRHIRQjWIRGEHEGEQFMS


'YMHEHS HIPFIFq

¢1j\MQEJVIWGYVEIRGEHEGEQFMSHITEyEP

8SEPPMXEW,QIHEW2EXYVEP'EVI

ˆ0SWQjWKVYIWSWHIPQIVGEHSPSUYITIVQMXIYREQINSVPMQTMI^E ˆ'SRXMIRIR:-8%1-2%)UYIWYEZM^E]TVSXIKIPETMIPHIPFIFq ˆ6MRHIRQjWTSVGEHEGEQFMS ˆ7YTVjGXMGSIQTEUYIJEGMPMXEWEGEVWzPSYREXSEPPMXEEPEZI^ ˆ8MIRIRYREEKVEHEFPIJVEKERGME

92-(%(HI:)28% TEUYIXIWHIYRMH

'SH

44FPMGS



3JIVXE )WTIGMEP

4SVPEGSQTVEHIGYEPUYMIV TVSHYGXS,YKKMIW HIPEWTjKMREWEPE] 'SRXVETSVXEHE 3JIVXE)WXVIPPE  HIIWXI'EXjPSKS PPIZE923HIIWXSW 4368%66)86%837GSR QSXMZSWTEVERMyE]RMyS TSVWzPS



4SVXEVVIXVEXSRMyE 'SH

4SVXEVVIXVEXSQIXjPMGS 1IHMHEWGQ\GQ ²\² 138-:377968-(37 3JIVXEPMQMXEHE,EWXEEKSXEVI\MWXIRGMEW 4VSHYGXS23'31-7-32%&0) 2SWYQETEVE4)(-(31È2-13 2SGYIRXETEVE:3091)2()+6943 2SGYIRXETEVE/6)'-492837



 4SVXEVVIXVEXSRMyS 'SH


4ETIP ,MKMqRMGS

4ETIP,MKMqRMGS/PIIRI\'EVI ø0EQE]SVWYEZMHEHHIPQIVGEHSGSRWY I\GPYWMZEXIGRSPSKuE:IPYWIHE‹ ø3JVIGIEFWSVGMzRVIWMWXIRGME]EPXSVIRHMQMIRXS ø(SFPILSNE'EHEVSPPSXMIRIQIXVSW (3&0),3.% 92-(%(HI:)28% TEUYIXIHIVSPPSW

'SH

44FPMGS

¢)PQINSVXSUYI HIIPIKERGMETEVEXYFEyS




4ETIPLMKMqRMGS 7GSXX4PYW.YQFS\ ˆ8SHEPEWYEZMHEHVIWMWXIRGME ]EFWSVGMzRUYIX]PSWXY]SWUYMIVIR ˆ(SWVSPPSWHSFPILSNE GSQTEGXEHSWIRYRS ˆ'EHEVSPPSXMIRIQIXVSW

!"#$%&'"()&*&+&,-&.& %/01234-0,-564 .&789!)!&6,&:%8;)< .+&=2>?,0,@&6,&+&14AA4@

!"#$%&'(')*(+

44FPMGS

¢9REQMKSUYI :%0)436(37


4ETIP ,MKMqRMGS

4ETIP,MKMqRMGS 7GSXX4PYW1IKE\ ˆ'EPMHEHWYEZMHEH]VIWMWXIRGME TEVEXM]XYJEQMPME ˆ8VIWVSPPSWXVMTPILSNEGSQTEGXEHSWIRYRS ˆ'EHEVSPPSGSRXMIRIQIXVSW

86-40),3.%IR 92-(%(HI:)28% TEUYIXIHIVSPPSW

'SH 44FPMGS

43JIVXE

 

8VIWLSNEWHIEQSVVIRHMQMIRXS]WYEZMHEH


¢8ERWYEZIUYIXYTMIPPSEKVEHIGIVj *EGMEP/PIIRI\(IVQSWIHE )PTEyYIPSQjWWIHSWSHIPEPuRIE/PIIRI\ TEVEIPQj\MQSGYMHEHSHIXYTMIP 8VMTPILSNE 92-(%(HI:)28% GYFSWHILSNEW

'SH

44FPMGS


*EGMEP/PIIRI\'YFS%VSQE

8SHEPEWYEZMHEHHI/PIIRI\GSRYRTYVMJMGERXIEVSQE UYIE]YHEEEQFMIRXEVIPPYKEVHSRHIPSYFMGEW

*EGMEPIW

¢%KVEHEFPIEVSQEUYIHIWTMIVXEXYWWIRXMHSW

8VMTPILSNE 92-(%(HI:)28% GYFSWHILSNEW

'SH

44FPMGS



!"


¢0PqZEPSWE HSRHIUYMIVEW

*EGMEP/PIIRI\&SPWMPPS ˆ0SWTEyYIPSWJEGMEPIWGSRPSWQjW FIPPSW]IPIKERXIWHMWIySWTEVEPPIZEV WMIQTVIGSRXMKS 8VMTPILSNE 92-(%(HI:)28% TEUYIXIWHIYRMHEHIW

(MWIySWZEVMEHSW 'SH

44FPMGS




*EGMEPIW

*EGMEP/PIIRI\.YRMSV ˆ*EGMEPIWXVMTPILSNEWYEZIW]TVjGXMGSW ˆ'SRFIPPSW]I\GPYWMZSWHMWIySW IRWYWIQTEUYIW 8VMTPILSNE 92-(%(HI:)28% GENEWHILSNEW

4%+9)00):) 'SH

44FPMGS

¢4VjGXMGSWIRXSHS QSQIRXS




¢)WIXSUYIHIJVIWGYVE UYIXYTMIPRIGIWMXE


*EGMEPIW

4EyYIPSW,QIHSW/PIIRI\%UYE -HIEPIWTEVE ˆ6IJVIWGEVXYVSWXVS GYERHSLEGIGEPSV ˆ0MQTMEVXYWQERSW ˆ6IQSZIVIPWYHSV

4EyYIPSWLQIHSW 92-(%(HI:)28% TEUYIXIWHIYRMH

'SH

44FPMGS






¢(90')779)g37


4VSXIGGMzR JIQIRMRE

/SXI\2SGXYVRE Â&#x2C6;8SXEPWIKYVMHEH]TVSXIGGMzRTEVEHSVQMVXVERUYMPE Â&#x2C6;8SEPPEWLMKMqRMGEWGSREPEWUYIXMIRIRQE]SVEFWSVGMzR UYIYREXSEPPERSVQEP Â&#x2C6;(MWIySIWTIGMEPGSRGSRXVSPHIHIWFSVHIW 'YFMIVXE8MTS8IPE 92-(%(HI:)28% TEUYIXIWHIYRMHEHIW

'SH

44FPMGS




4VSXIGGMzR JIQIRMRE

¢7MIQTVIPMFVI]WIKYVE

/SXI\7YTVIQIGSR%PEW Â&#x2C6;8SEPPELMKMqRMGEYPXVEJMRETVIQMYQ Â&#x2C6;'IRXVSHIXVERWJIVIRGMEE^YP UYIEFWSVFI]HMWXVMFY]I IPJPYNSVjTMHEQIRXI IZMXERHSIPGSRXEGXSHI XYTMIPGSRPELYQIHEH Â&#x2C6;'SRXVSPHIHIWFSVHIW 'YFMIVXEXMTSXIPE 92-(%(HI:)28% TEUYIXIWHI9RMHEHIW

'SH

44FPMGS

[[[EHVMERESOXSRRIX



'SQFSGSJVIHIGSVEXMZS 8SEPPEW/SXI\7YTVIQI'SJVI(IGSVEXMZS /SXI\7YTVIQIXIXVEIYRPMRHSGSJVIQIXjPMGSXSHE YRESFVEHIEVXIIPEFSVEHETSVPEEVXMWXE%HVMERE0zTI^ 'YFMIVXE8MTS8IPE 92-(%(HI:)28% TEUYIXIHIYRMHEHIW GSJVIQIXjPMGS

'SH

44FPMGS




4VSXIGGMzR JIQIRMRE

4VSXIGXSVIWHMEVMSW/SXI\(E]W Â&#x2C6;(MWIyEHSWTEVETVSXIKIVPEVSTEMRXIVMSV IRPSWHuEWWMRTIVMSHSQIRWXVYEP Â&#x2C6;7MWXIQEHS7IENYWXEREGYEPUYMIV XMTSHITERX]HSFPERHSWYWTYRXEW

'YFMIVXEXMTSXIPEI\XVEWYEZI 92-(%(HI:)28% TEUYIXIHI9RMHEHIW

'SH

44FPMGS



¢/SXI\HuEWGSRXMKS 


4VSXIGGMzR JIQIRMRE

/SXI\9PXVEJMRE\ Â&#x2C6;8SEPPELMKMqRMGEUYIFVMRHEPEQMWQE TVSXIGGMzRHIYREXSEPPERSVQEPTIVS GSRPEGSQSHMHEHHIYREYPXVEJMRE Â&#x2C6;'SRKIPGETE^HIEFWSVFIVZIGIWWY XEQEySHERHSZIGIWQjWEFWSVGMzR UYIYREXSEPPERSVQEP 'YFMIVXEXMTSXIPEI\XVEWYEZI 92-(%(HI:)28% TEUYIXIHI9RMHEHIW

'SH

44FPMGS



/SXI\9PXVEJMREGSR%PEW 'YFMIVXEXMTSXIPEI\XVEWYEZI 92-(%(HI:)28% TEUYIXIWHI9RMHEHIW

'SH

44FPMGS



¢1j\MQETVSXIGGMzR ]GSQSHMHEHGYERHSQjWPSRIGIWMXEW




¢(MWJVYXE PSUYIQjWXIKYWXE


4VSXIGGMzR JIQIRMRE

/SXI\2SVQEPGSREPEW Â&#x2C6;'SRGYFMIVXEHIXIPEI\XVEWYEZI Â&#x2C6;7MWXIQEHIHSFPIWIKYVMHEHUYI QINSVEPEHMWXVMFYGMzRHIPJPYNS Â&#x2C6;'YEXVSGEREPIWUYIIZMXER JMPXVEGMSRIW]HIWFSVHIW

'YFMIVXEXMTSXIPEI\XVEWYEZI 92-(%(HI:)28% TEUYIXIWHI9RMHEHIW

'SH

44FPMGS

/SXI\8IIRW2SVQEPGSR%PEW Â&#x2C6;8SEPPELMKMqRMGEIWTIGMEPQIRXIHMWIyEHETEVE PEWGLMGEWUYIWIIRGYIRXVERIRPSWTVMQIVSW EySWHIPTIVuSHSQIRWXVYEP Â&#x2C6;7YQSHIVRSHMWIySXMIRIIWXVIPPMXEWIR QIHMSHIPEXSEPPETEVEUYIWITEWIRUYIPYKEV HIFIWGSPSGEVPE

'YFMIVXEXMTSXIPE 92-(%(HI:)28% TEUYIXIHI9RMHEHIW

'SH 44FPMGS

43JIVXE




4VSXIGGMzR JIQIRMRE

-HIEPTEVE XYGYMHEHSHMEVMS 8SEPPMXEW ,QIHEW*IQIRMREW Â&#x2C6;8SEPPMXEWLQIHEWJIQIRMREW HMWIyEHEWTEVEXYGYMHEHSHMEVMS Â&#x2C6;'SRXMIRIRYREWSPYGMzRPMQTMEHSVE LYQIGXERXIPMFVIHIJVEKERGME Â&#x2C6;7YIQTEUYIIWTIGMEPXMIRIYRE TIPuGYPEPEQMREHETEVEKEVERXM^EV UYIRSWIWIUYIRGSRIPXMIQTS 92-(%(HI:)28% TEUYIXIWHI9RMHEHIW

'SH

44FPMGS

7MqRXIXIXVERUYMPE ]WIKYVE 8EQTSRIW(MKMXEPIW Â&#x2C6;7II\TERHIREPSPEVKS]ERGLS PSUYIIZMXEIWGYVVMQMIRXSW Â&#x2C6;7YETPMGEGMzRIWJjGMP]GzQSHE Â&#x2C6;'SRTVjGXMGEWFSPWMXEWTEVE KYEVHEVSHIWIGLEV Â&#x2C6;7MWXIQEHIWIKYVMHEHHIJjGMP ETIVXYVE 1IHMS4EVEJPYNSRSVQEP EJPYNSEFYRHERXI 92-(%(HI:)28% TEUYIXIWHI9RMHEHIW

'SH

44FPMGS




-QEKMREXYZMHE GSQSUYMIVEW


4VSXIGGMzR JIQIRMRE

4VSXIGXSVIW4SMWI Â&#x2C6;4EVEPSWTIUYIySWKSXISWHISVMRE GEYWEHSWTSVIWJYIV^SWJuWMGSWGSQS IWXSVRYHEVSVIuV Â&#x2C6;7SRQjWGSRJSVXEFPIW]EFWSVFIR IPHSFPIUYIYRTVSXIGXSVHMEVMSRSVQEP

4VSXIGXSV4SMWI2SVQEP 92-(%(HI:)28% TEUYIXIWHIYRMHEHIW

'SH

44FPMGS

4VSXIGXSV4SMWI0EVKS 92-(%(HI:)28% TEUYIXIWHIYRMHEHIW

'SH

44FPMGS 


4VSXIGGMzR JIQIRMRE

8SEPPEW4SMWI Â&#x2C6;)WTIGMEPQIRXIHMWIyEHEWTEVETqVHMHEW JVIGYIRXIWHISVMRE Â&#x2C6;0EWXSEPPEW4SMWITVSXIKIRQINSV UYIYREXSEPPEJIQIRMRERSVQEPTSVUYI EFWSVFIRLEWXEIPHSFPI Â&#x2C6;0EHMWGVIGMzR]GSQSHMHEHUYIRIGIWMXEW Â&#x2C6;)WXjRHMWIyEHEWTEVEGSRXVSPEVPSWSPSVIW

8SEPPEW4SMWI 2SVQEPGSREPEW 92-(%(HI:)28% TEUYIXIWHIYRMHEHIW

'SH

44FPMGS



¢7MIRXIGSRJMER^E EFWSPYXE

8SEPPEW4SMWI 2SGXYVREGSREPEW 92-(%(HI:)28% TEUYIXIWHIYRMHEHIW

'SH

44FPMGS






4EyYIPSW6IJVIWGERXIW ˆ'SRMRKVIHMIRXIWREXYVEPIWGSQS%PSI:IVE UYIHERYREPXSKVEHSHILYQIHEH ˆ6IJVIWGEXYGEVE]GYIPPS IRQSQIRXSWGEPYVSWSW 92-(%(HI:)28% TEUYIXIWHI 9RMHEHIW

'SH

44FPMGS



¢)PGEPSVWIZE ]WMKYIWJVIWGE


4VSXIGGMzR JIQIRMRE

8SEPPEW,QIHEWÃ&#x2C6;RXMQEW Â&#x2C6;-HIEPIWTEVEPELMKMIRIHIXY^SREuRXMQE Â&#x2C6;'SRXMIRIRMRKVIHMIRXIWREXYVEPIW Â&#x2C6;'SRJzVQYPELMTSEPqVKMGE 'SR%PSI:IVE7MRTIVJYQI 92-(%(HI:)28% TEUYIXIWHI9RMHEHIW

'SH

44FPMGS



¢7IRWEGMzRHIPMQTMI^E     TIVQERIRXI

4SMWI.EFzR0uUYMHSÃ&#x2C6;RXMQS Â&#x2C6;4VSTSVGMSREWIRWEGMzRHIPMQTMI^E]GSQSHMHEHVIHYGMIRHS PEWQSPIWXMEWGEYWEHEWTSVPSWGEQFMSWLSVQSREPIW Â&#x2C6;%]YHEEIWXEFMPM^EVIP4,ZEKMREP Â&#x2C6;'SRXMIRIjGMHSPjGXMGSIMRKVIHMIRXIWREXYVEPIW 92-(%(HI:)28% JVEWGSHIQP

'SH

44FPMGS

¢0MFqVEXIHIPEWQSPIWXMEW HIPSWGEQFMSWLSVQSREPIW




4PIRMXYH%GXMZI ˆ)WPERMGEVSTEMRXIVMSVHIWIGLEFPITEVEPE MRGSRXMRIRGMEGVIEHETEVEIPLSQFVI]PEQYNIV ˆ7YHMWIySIWMKYEPEPEVSTEMRXIVMSVRSVQEP

0EJIPMGMHEH HIWIKYMVEGXMZSW


4VSXIGGMzR %HYPXE

6STEMRXIVMSV4PIRMXYH%GXMZI1YNIV 92-(%(HI:)28%TEUYIXIWHI9RMHEHIW

1IHMERS 'MRXYVEGQ 'EHIVEGQ 'SH 44FPMGS

43JIVXE

+VERHI 'MRXYVEGQ 'EHIVEGQ 'SH 44FPMGS

43JIVXE

6STEMRXIVMSV 4PIRMXYH%GXMZI ,SQFVI 92-(%(HI:)28% TEUYIXIWHI9RMHEHIW

1IHMERS 'MRXYVEGQ 'EHIVEGQ 'SH 44FPMGS

43JIVXE






¢9REZMHE WMRTVISGYTEGMSRIW


Â&#x2C6;'SRFEVVIVEWERXMHIWFSVHERXIW Â&#x2C6;&PSGOKIPUYIEFWSVFI]IZMXEJMPXVEGMSRIW

4VSXIGGMzR %HYPXE

4EyEP%HYPXS4PIRMXYH'PEWWMG

92-(%(HI:)28% TEUYIXIWHI9RMHEHIW

1IHMERS 'MRXYVEGQ 4IWS/K 'SH

44FPMGS



+VERHI 'MRXYVEGQ 4IWS/K 'SH

44FPMGS






¢8VERUYMPMHEH]TVSXIGGMzR IRXYHuEEHuE


ø2SZIHSWEGYFMIVXEXMTSXIPEGSR1MGVS4SVSW UYITIVQMXIUYIPETMIPVIWTMVI ø1ERXMIRIYREWIRWEGMzRJVIWGE]WEPYHEFPI

4VSXIGGMzR %HYPXE

4EyEP%HYPXS4PIRMXYH4VSXIGX8IPE

92-(%(HI:)28%TEUYIXIWHI9RMHEHIW

1IHMERS 'MRXYVEGQ4IWS/K 'SH

+VERHI

'MRXYVEGQ4IWS/K 'SH

44FPMGS 44FPMGS

8SEPPE,YQIHE4PIRMXYH Â&#x2C6;%]YHEEQERXIRIVPETMIPPMQTME] TVSXIKMHEHIPEWMVVMXEGMSRIW Â&#x2C6;'SRXMIRI:MXEQMRE)]%PSI:IVE

92-(%(HI:)28% TEUYIXIWHI9RMHEHIW

'SH

44FPMGS




8SEPPE7GSXX (96%1%< Â&#x2C6;7YI\GPYWMZEXIGRSPSKuE,MHVSORMXÂ&#x2039; TIVQMXIPEZEVPEW]VIYXMPM^EVPEW Â&#x2C6;-HIEPIWTEVEPEPMQTMI^EHIXYLSKEV Â&#x2C6;,SNEWQjWKVERHIWQE]SV GSRXIRMHS]QjWVIRHMQMIRXS IR,SNEWQjWKVERHIW 92-(%(HI:)28% TEUYIXIHI,SNEW

'SH

44FPMGS



0EWRMGEW XSEPPEWPEZEFPIW ]VIYXMPM^EFPIW ¢-HIEPIWTEVEPEPMQTMI^E HIXYLSKEV


,SKEV

8SEPPE7GSXX %PMQIRXSW ˆ8SEPPEHITETIPHIWIGLEFPI ˆ4YIHIYWEVWIIRjVIEW WIGEWSLQIHEW ˆ7YXIGRSPSKuEGSRGEREPIW HIEMVIHVIREREKYEPSUYI EYQIRXEPEZIPSGMHEH ]GETEGMHEHHIEFWSVGMzR ˆÏWEPEWTEVEWIGEVTPEXSWPMQTMEV WYTIVJMGMIWSGYFVMVEPMQIRXSW 92-(%(HI:)28% TEUYIXIWHI,SNEW +6%8-7LSNEW

'SH

44FPMGS



¢ÏWEPEW GSQSUYMIVEW




¢*EGMPMHEHI,MKMIRI IRYRWSPSTEWS

7GSXX1YPXMYWSW 0EXSEPPELQIHEHIWIGLEFPI7GSXX1YPXMYWSW IWXYQINSVEPMEHSIRPEPMQTMI^EHIPLSKEV ˆ%VSQEEPMQzRUYIHINEYREWIRWEGMzRHIJVIWGYVE ˆ4EVEHIWIRKVEWEVXSHSXMTSHIWYTIVJMGMIW ˆ6IGSKIPEWYGMIHEH]IPTSPZS HIJSVQETVjGXMGE]VjTMHE 92-(%(HI:)28% TEUYIXIHIXSEPPEW

'SH 44FPMGS

43JIVXE


,SKEV

7IVZMPPIXE /PIIRI\HI0YNS Â&#x2C6;7IVZMPPIXEWHSFPILSNE Â&#x2C6;(ERYRXSUYIIWTIGMEP] I\GPYWMZSEXYWGSQMHEW

7IVZMPPIXE 7GSXX(uEE(uE Â&#x2C6;*YIVXIW]EFWSVFIRXIW Â&#x2C6;4VjGXMGEWTEVE GYEPUYMIVSGEWMzR

92-(%(HI:)28% TEUYIXIWHILSNEW

'SH

44FPMGS



92-(%(HI:)28% TEUYIXIWHI,SNEW

'SH

44FPMGS






¢(MPIEHMzW

1jWFIRIJMGMSWTEVEPMQTMEVPSUYIUYMIVEW

4EySWEFWSVFIRXIW 7GSXX0MQTMEQE\

ˆ'SRI\GPYWMZEXIGRSPSKuE,MHVSORMX UYIPSWLEGIVIYXMPM^EFPIWPEZEFPIW]VIWMWXIRXIW ˆ1j\MQEEFWSVGMzRWMRHINEVTIPYWEW ˆ*jGMPHIPEZEV 92-(%(HI:)28% TEUYIXIWHI,SNEW

'SH 44FPMGS

43JIVXE




,SKEV

EPSWXVETSW

'SQFEXIPEWYGMIHEHQjWHMJMGMP

4EySW;]TEPP< 8VEFENS4IWEHS

Â&#x2C6;4EySWHIPMQTMI^E;]TEPPWSRMHIEPIW TEVEGSQFEXMVPEWYGMIHEHIRPEGSGMRE IPFEySPSWQYIFPIWSPSWZMHVMSW Â&#x2C6; 6IIQTPE^ER PSW XVETSW TSVUYI WSR PEZEFPIW 92-(%(HI:)28% TEUYIXIHILSNEW \GQ

'SH

44FPMGS




1E]SVLMKMIRIUYIWIENYWXE EXYWRIGIWMHEHIW

7IVZMPPIXE)GSRzQMGE%MVJPI\ Â&#x2C6;)WTIGMEPTEVEGEWMRSWGEJIXIVuEWTEREHIVuEW GSQMHEWVjTMHEWLIPEHIVuEWIXG Â&#x2C6;)WQYGLSQjWEFWSVFIRXIKVEGMEWEPSWFSPWMPPSW HIEMVIHIWYXIGRSPSKuE%-6*0)< Â&#x2C6;1jWEQMKEFPIGSRIPQIHMSEQFMIRXI ]EUYIWIYXMPM^ERQIRSWYRMHEHIW 92-(%(HI:)28% TEUYIXIWHILSNEW

'SH

44FPMGS


4ETIP,MKMqRMGS.YQFS&PERGS,SNE(SFPI (SFPI,SNE

-RWXMXYGMSREP

4ETIP,MKMqRMGS.YQFS 92-(%(HI:)28% TEUYIXIHIVSPPSW

'EHEVSPPSXMIRIQXW

'SH

44FPMGS

7SPYGMSRIWTVjGXMGEW TEVEXYRIKSGMS




4VSQSGMzR 'EXjPSKS

4VSQSGMzR 1IWHIP&IFq

4SVPEGSQTVEHIGEHE IR4VSHYGXSWHIIWXI'EXjPSKS TYIHIWPPIZEV92%4%g%0)6% GSR'%1&-%(36 4SVWzPS

!"#$#%%

'zHMKS2MyE 'zHMKS2MyS

 

3*)68%0-1-8%(% LEWXEEKSXEVI\MWXIRGMEW (MQIRWMSRIW4EyEPIVE

GQEPXS<GQPEVKS<GQERGLS

(MQIRWMSRIW'EQFMEHSV GQPEVKS<GQERGLS

%LSVEXSHSPSUYIRIGIWMXEWTEVEXYFIFqTSHVjW PPIZEVPSEHSRHIUYMIVEWIRIWXEWQEKRuJMGEWTEyEPIVEW TEVERMyS]RMyEUYIXIXVEI,YKKMIW8MIRIRLIVQSWSW HMWIySW]YRIWTEGMSGSRJSVXEFPI-RGPY]IGEQFMEHSVEP MRXIVMSV]TSVXEXIXIVS 4VIGMS6IJIVIRGMEP




0MXXPI7[MQQIVW Â&#x2C6;4ERXEPSRGMXSWHIWIGLEFPIWTEVEREHEV Â&#x2C6;PVSXIKIRTIVSRSWILMRGLER GSQSPSWTEyEPIWRSVQEPIW Â&#x2C6;8YLMNSTSHVjHMZIVXMVWIEGSQTEyEHS HIPSWTIVWSRENIWHI(MWRI]4M\EV 1IHMERSOKW 92-(%(HI:)28% TEUYIXIHIYRMH

'SH

44FPMGS

43JIVXE



¢0MFIVXEHTEVE NYKEVIRIPEKYE 7IVZMGMSEPGPMIRXI&SKSXjø0uRIE2EGMSREP+VEXYMXEø[[[GVI^OGGSQ 2SQFVI *VERUYMGMEHS

8IPqJSRS


Catalogo Campaña 4 Crez-KC