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Alex Polari de Alverga Alex Polari de Alverga


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Alex Polari de Alverga Alex Polari de Alverga
 
 
www.hinarios.org www.hinarios.org
 
 
 
 
 
 
 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
 
 
 
 
 
 
www.hinarios.org www.hinarios.org
 
 
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4XHHPWXGRVHHQFHUUD 4XHHPWXGRVHHQFHUUD
 
$SUHVHQWRPHXVWUDEDOKRV $SUHVHQWRPHXVWUDEDOKRV
$WRGRVVHUHVGLYLQRV $WRGRVVHUHVGLYLQRV
3HoRErQomRDPHXSDGULQKR 3HoRErQomRDPHXSDGULQKR
*XDUGLmRGHVVHVHQVLQRV *XDUGLmRGHVVHVHQVLQRV
 
 
 
 
 
1ROXJDURQGHGHYHHVWDU 1ROXJDURQGHGHYHHVWDU
6yDVVLPRGLYLQRDSDUHFH 6yDVVLPRGLYLQRDSDUHFH
4XHHXWHQKRSDUDPRVWUDU 4XHHXWHQKRSDUDPRVWUDU
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4XHPVHJXHHVVDGRXWULQD 4XHPVHJXHHVVDGRXWULQD
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7RGRVRVQRVVRVFDULQKRV 7RGRVRVQRVVRVFDULQKRV
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9DOGHWH0DUFKD 9DOGHWH0DUFKD
 

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(VHS{VHPVHXFDPLQKR (VHS{VHPVHXFDPLQKR
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4XHPDPmHPDQGRXEXVFDU 4XHPDPmHPDQGRXEXVFDU
 
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1RFLSyVHHQURVFRX 1RFLSyVHHQURVFRX
4XDQGRHXEHEHUGHVWH'DLPH 4XDQGRHXEHEHUGHVWH'DLPH
3URQWR20HVWUHGHVWULQFKRX 3URQWR20HVWUHGHVWULQFKRX

 
 
 
 
 
(HVWDVHQKRUDYHQHUDQGD (HVWDVHQKRUDYHQHUDQGD
9DPRVORXYDUD'HXV 9DPRVORXYDUD'HXV
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9DPRVVHFRQFHQWUDU 9DPRVVHFRQFHQWUDU
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/LPSHRFRUDomR /LPSHRFRUDomR
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/DYHVXDVPmRV /DYHVXDVPmRV
 
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1DERFDGDIRUQDOKD 1DERFDGDIRUQDOKD
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6HVRPRVXPKRVSLWDOGLYLQR 6HVRPRVXPKRVSLWDOGLYLQR
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5HFHERHVVDGRXWULQD 5HFHERHVVDGRXWULQD
 
 
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6tOYLR0DUFKD 6tOYLR0DUFKD
 

 
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4XHPPHPDQGDpRSDLHWHUQR 4XHPPHPDQGDpRSDLHWHUQR
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2TXHpPLVHULFyUGLD 2TXHpPLVHULFyUGLD
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2XXPEDQGRGHQHUYRVRV 2XXPEDQGRGHQHUYRVRV
 
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'HFXUDUFRPQRVVDVPmRV 'HFXUDUFRPQRVVDVPmRV
 
 
 
 
 
 
 
&RUULJLQGRRVSHQVDPHQWRV &RUULJLQGRRVSHQVDPHQWRV
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4XHPPHDPRXQHVVHFDPLQKR 4XHPPHDPRXQHVVHFDPLQKR
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7DQWRHOHVFRPRQyV 7DQWRHOHVFRPRQyV
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2PLVWpULRGRXQLYHUVR 2PLVWpULRGRXQLYHUVR

2PLVWpULRGRXQLYHUVR 2PLVWpULRGRXQLYHUVR
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7DQWRHOHVFRPRQyV 7DQWRHOHVFRPRQyV
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9DLJDQKDUXPQRYRJUDX 9DLJDQKDUXPQRYRJUDX
 
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&RUULJLQGRRVSHQVDPHQWRV &RUULJLQGRRVSHQVDPHQWRV
 
 
 
 
&RP'HXVRQLSRWHQWH &RP'HXVRQLSRWHQWH
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9yVVRLVPmHVREHUDQD 9yVVRLVPmHVREHUDQD
$WLWHGRXORXYRU $WLWHGRXORXYRU
2K0LQKDPmHDPDGD 2K0LQKDPmHDPDGD
 
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6RXFKHIHGHXPDDUPDGD 6RXFKHIHGHXPDDUPDGD
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1DFDVDGH'DYL 1DFDVDGH'DYL
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$JRUDHVWRXUHQDVFHQGR $JRUDHVWRXUHQDVFHQGR
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/HYDQWDDVVXDVWHQGDV /HYDQWDDVVXDVWHQGDV
2H[pUFLWRVHSUHSDUD 2H[pUFLWRVHSUHSDUD
 

 

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/HYDQWDDVVXDVWHQGDV /HYDQWDDVVXDVWHQGDV
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2DPRUFRPRRIHUHQGD 2DPRUFRPRRIHUHQGD
 
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$RQGHLUHPRVSDVVDU $RQGHLUHPRVSDVVDU
2SHUGmRpDDODYDQFD 2SHUGmRpDDODYDQFD
3DUDDGLDQWHQyVVHDPDU 3DUDDGLDQWHQyVVHDPDU
 
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4XHPYDLILFDQGRDWUiV 4XHPYDLILFDQGRDWUiV
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1DYLGDHVSLULWXDO 1DYLGDHVSLULWXDO
 

 
 

 
 
 
6HXVVROGDGRVSHUIXPDQGR 6HXVVROGDGRVSHUIXPDQGR
0LQKDPmHTXHYDLQDIUHQWH 0LQKDPmHTXHYDLQDIUHQWH
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$VRUGHQVGDEDWDOKD $VRUGHQVGDEDWDOKD
 
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4XHRWHPSRYDLFKHJDU 4XHRWHPSRYDLFKHJDU
$YLVRDTXHPTXLVHU $YLVRDTXHPTXLVHU
 
1HPTXHUHUXVDUGHPDQKD 1HPTXHUHUXVDUGHPDQKD
1mRDGLDQWDHVFDSXOLU 1mRDGLDQWDHVFDSXOLU
$EDWDOKDYDLVHUJDQKD $EDWDOKDYDLVHUJDQKD
6HILUPDQGRQDYHUGDGH 6HILUPDQGRQDYHUGDGH
 
 
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BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
0G5LWD0DUFKD 0G5LWD0DUFKD
 

 
6HILUPDQGRQDYHUGDGH 6HILUPDQGRQDYHUGDGH
$EDWDOKDYDLVHUJDQKD $EDWDOKDYDLVHUJDQKD
1mRDGLDQWDHVFDSXOLU 1mRDGLDQWDHVFDSXOLU
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4XHRWHPSRYDLFKHJDU 4XHRWHPSRYDLFKHJDU
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0LQKDPmHTXHYDLQDIUHQWH 0LQKDPmHTXHYDLQDIUHQWH
6HXVVROGDGRVSHUIXPDQGR 6HXVVROGDGRVSHUIXPDQGR
 
 
 
 
 
 
 
 
 
6HVHJXUHPPHXVLUPmRV 6HVHJXUHPPHXVLUPmRV
2VHXXVRpVDJUDGR 2VHXXVRpVDJUDGR
eRDPRUGDQRVVDPmH eRDPRUGDQRVVDPmH
(VVDSODQWDpGLYLQD (VVDSODQWDpGLYLQD
 
6HDOLVWHPHPVHXEDWDOKmR 6HDOLVWHPHPVHXEDWDOKmR
$RUGHPpGDUDLQKD $RUGHPpGDUDLQKD
9DLKDYHUXPIXUDFmR 9DLKDYHUXPIXUDFmR
3RUFDXVDGHVVDSODQWLQKD 3RUFDXVDGHVVDSODQWLQKD
 
(RGRPp'HXVTXHPGi (RGRPp'HXVTXHPGi
&XPSUDDVRUGHQVGR&UX]HLUR &XPSUDDVRUGHQVGR&UX]HLUR
-XQWRDPLPSRGHFKHJDU -XQWRDPLPSRGHFKHJDU
4XHPTXLVHUDUPDHFRQVHOKR 4XHPTXLVHUDUPDHFRQVHOKR
 
 
 

 
 
 
4XHPTXLVHUDUPDHFRQVHOKR 4XHPTXLVHUDUPDHFRQVHOKR
-XQWRDPLPSRGHFKHJDU -XQWRDPLPSRGHFKHJDU
&XPSUDDVRUGHQVGR&UX]HLUR &XPSUDDVRUGHQVGR&UX]HLUR
(RGRPp'HXVTXHPGi (RGRPp'HXVTXHPGi
 
3RUFDXVDGHVVDSODQWLQKD 3RUFDXVDGHVVDSODQWLQKD
9DLKDYHUXPIXUDFmR 9DLKDYHUXPIXUDFmR
$RUGHPpGDUDLQKD $RUGHPpGDUDLQKD
6HDOLVWHPHPVHXEDWDOKmR 6HDOLVWHPHPVHXEDWDOKmR
 
(VVDSODQWDpGLYLQD (VVDSODQWDpGLYLQD
eRDPRUGDQRVVDPmH eRDPRUGDQRVVDPmH
2VHXXVRpVDJUDGR 2VHXXVRpVDJUDGR
6HVHJXUHPPHXVLUPmRV 6HVHJXUHPPHXVLUPmRV
 
 
 
 
 
 
 
 
 
(RVTXHQmRTXLVHUHPFUHU (RVTXHQmRTXLVHUHPFUHU
3UDFDVWLJDURVRUJXOKRVRV 3UDFDVWLJDURVRUJXOKRVRV
&RPIRUoDHFRPSRGHU &RPIRUoDHFRPSRGHU
&KHJXHLGHVVDYLDJHP &KHJXHLGHVVDYLDJHP
 
(HPFDGDHVWUHODGRFpX (HPFDGDHVWUHODGRFpX
(OHKDELWDHPWRGRVQyV (OHKDELWDHPWRGRVQyV
2QRPHp-XUDPLGDP 2QRPHp-XUDPLGDP
1RVVRPHVWUHpQRVVDOX] 1RVVRPHVWUHpQRVVDOX]
 
7RGRVGHYHPVHULUPmR 7RGRVGHYHPVHULUPmR
eDFLrQFLDGD5DLQKD eDFLrQFLDGD5DLQKD
'HQWURGRPHXFRUDomR 'HQWURGRPHXFRUDomR
2PHVWUHTXHYHPFKHJDQGR 2PHVWUHTXHYHPFKHJDQGR
 
 
0DUFKD 0DUFKD
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
5(,0$5$&+,0%e BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
5(,0$5$&+,0%e

5(,0$5$&+,0%e
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB 5(,0$5$&+,0%e
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
0DUFKD 0DUFKD
 

 
2PHVWUHTXHYHPFKHJDQGR 2PHVWUHTXHYHPFKHJDQGR
'HQWURGRPHXFRUDomR 'HQWURGRPHXFRUDomR
eDFLrQFLDGD5DLQKD eDFLrQFLDGD5DLQKD
7RGRVGHYHPVHULUPmR 7RGRVGHYHPVHULUPmR
 
1RVVRPHVWUHpQRVVDOX] 1RVVRPHVWUHpQRVVDOX]
2QRPHp-XUDPLGDP 2QRPHp-XUDPLGDP
(OHKDELWDHPWRGRVQyV (OHKDELWDHPWRGRVQyV
(HPFDGDHVWUHODGRFpX (HPFDGDHVWUHODGRFpX
 
&KHJXHLGHVVDYLDJHP &KHJXHLGHVVDYLDJHP
&RPIRUoDHFRPSRGHU &RPIRUoDHFRPSRGHU
3UDFDVWLJDURVRUJXOKRVRV 3UDFDVWLJDURVRUJXOKRVRV
(RVTXHQmRTXLVHUHPFUHU (RVTXHQmRTXLVHUHPFUHU
 
 
 
 
 
 
 
 
 
'RUHL0DUDFKLPEp 'RUHL0DUDFKLPEp
(XLQYRFRDGLVFLSOLQD (XLQYRFRDGLVFLSOLQD
(XPRVWURFRPRp (XPRVWURFRPRp
$OHLGRPHXVHQKRU $OHLGRPHXVHQKRU
 
'R5HL0DUDFKLPEp 'R5HL0DUDFKLPEp
(XLQYRFRDGLVFLSOLQD (XLQYRFRDGLVFLSOLQD
(XPRVWURFRPRp (XPRVWURFRPRp
$OHLGRPHXVHQKRU $OHLGRPHXVHQKRU
 
4XHVHSURYDDGRXWULQD 4XHVHSURYDDGRXWULQD
1mRpVyFDQWDQGRKLQR 1mRpVyFDQWDQGRKLQR
9RFrVYmRUHFRQKHFHU 9RFrVYmRUHFRQKHFHU
3UHVWHPDWHQomRQHVVHEULOKR 3UHVWHPDWHQomRQHVVHEULOKR
 
 
 

 
 
 
3UHVWHPDWHQomRQHVVHEULOKR 3UHVWHPDWHQomRQHVVHEULOKR
9RFrVYmRUHFRQKHFHU 9RFrVYmRUHFRQKHFHU
1mRpVyFDQWDQGRKLQR 1mRpVyFDQWDQGRKLQR
4XHVHSURYDDGRXWULQD 4XHVHSURYDDGRXWULQD
 
$OHLGRPHXVHQKRU $OHLGRPHXVHQKRU
(XPRVWURFRPRp (XPRVWURFRPRp
(XLQYRFRDGLVFLSOLQD (XLQYRFRDGLVFLSOLQD
'R5HL0DUDFKLPEp 'R5HL0DUDFKLPEp
 
$OHLGRPHXVHQKRU $OHLGRPHXVHQKRU
(XPRVWURFRPRp (XPRVWURFRPRp
(XLQYRFRDGLVFLSOLQD (XLQYRFRDGLVFLSOLQD
'RUHL0DUDFKLPEp 'RUHL0DUDFKLPEp
 
 
 
 
 
 
 
 
 
(RGHVWLQRGHFDGDVHU (RGHVWLQRGHFDGDVHU
,OXPLQDRVSHQVDPHQWRV ,OXPLQDRVSHQVDPHQWRV
4XHID]UHVSODQGHFHU 4XHID]UHVSODQGHFHU
eRDPRUGH'HXV eRDPRUGH'HXV
 
1yVVRPRVPDWpULDPRUWD 1yVVRPRVPDWpULDPRUWD
6HPRVHXVRSURGLYLQR 6HPRVHXVRSURGLYLQR
4XHVXVWHQWDRXQLYHUVR 4XHVXVWHQWDRXQLYHUVR
eRSRGHUGH'HXV eRSRGHUGH'HXV
 
3DUDYLUQRVDMXGDU 3DUDYLUQRVDMXGDU
3DUDLVVRQRVPDQGDRVDQMRV 3DUDLVVRQRVPDQGDRVDQMRV
(OHTXHUQRVSHUGRDU (OHTXHUQRVSHUGRDU
6mR-RmRHVWiQRFpX 6mR-RmRHVWiQRFpX
 
 
0DUFKD 0DUFKD
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
$*5$'(d2262)5,0(172 BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
$*5$'(d2262)5,0(172

$*5$'(d2262)5,0(172
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB $*5$'(d2262)5,0(172
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
0DUFKD 0DUFKD
 

 
6mR-RmRHVWiQRFpX 6mR-RmRHVWiQRFpX
(OHTXHUQRVSHUGRDU (OHTXHUQRVSHUGRDU
3DUDLVVRQRVPDQGDRVDQMRV 3DUDLVVRQRVPDQGDRVDQMRV
3DUDYLUQRVDMXGDU 3DUDYLUQRVDMXGDU
 
eRSRGHUGH'HXV eRSRGHUGH'HXV
4XHVXVWHQWDRXQLYHUVR 4XHVXVWHQWDRXQLYHUVR
6HPRVHXVRSURGLYLQR 6HPRVHXVRSURGLYLQR
1yVVRPRVPDWpULDPRUWD 1yVVRPRVPDWpULDPRUWD
 
eRDPRUGH'HXV eRDPRUGH'HXV
4XHID]UHVSODQGHFHU 4XHID]UHVSODQGHFHU
,OXPLQDRVSHQVDPHQWRV ,OXPLQDRVSHQVDPHQWRV
(RGHVWLQRGHFDGDVHU (RGHVWLQRGHFDGDVHU
 
 
 
 
 
 
 
 
 
 
 
 
(DJLUFRPOHDOGDGH (DJLUFRPOHDOGDGH
eDPDURVHXLUPmR eDPDURVHXLUPmR
1mRVHDSUHQGHFRPPDOGDGH 1mRVHDSUHQGHFRPPDOGDGH
6XDOHLpPXLWRVLPSOHV 6XDOHLpPXLWRVLPSOHV
 
(WRGDPDMHVWDGH (WRGDPDMHVWDGH
0HXUHLpTXHWHPQREUH]D 0HXUHLpTXHWHPQREUH]D
4XHPHWUD]WRGDDERQGDGH 4XHPHWUD]WRGDDERQGDGH
(XDJUDGHoRRVRIULPHQWR (XDJUDGHoRRVRIULPHQWR
 
 
 
 
 

 
 
 
 
 
(XDJUDGHoRRVRIULPHQWR (XDJUDGHoRRVRIULPHQWR
4XHPHWUD]WRGDDERQGDGH 4XHPHWUD]WRGDDERQGDGH
0HXUHLpTXHWHPQREUH]D 0HXUHLpTXHWHPQREUH]D
(WRGDPDMHVWDGH (WRGDPDMHVWDGH
 
6XDOHLpPXLWRVLPSOHV 6XDOHLpPXLWRVLPSOHV
1mRVHDSUHQGHFRPPDOGDGH 1mRVHDSUHQGHFRPPDOGDGH
eDPDURVHXLUPmR eDPDURVHXLUPmR
(DJLUFRPOHDOGDGH (DJLUFRPOHDOGDGH
 
 
 
 
 
 
 
 
 
1RVDPDQGRFRPRPmHV 1RVDPDQGRFRPRPmHV
&XPSULYRVVRGHVWLQR &XPSULYRVVRGHVWLQR
2YHQWUHGRXQLYHUVR 2YHQWUHGRXQLYHUVR
9yVVRLVLUPmV 9yVVRLVLUPmV
 
)HFXQGDDFULDomR )HFXQGDDFULDomR
5HVSODQGHFHVREUHD7HUUD 5HVSODQGHFHVREUHD7HUUD
4XHYHPGRQRVVRSDL 4XHYHPGRQRVVRSDL
$OX] $OX]
 
&RPRSRGHUGRFRUDomR &RPRSRGHUGRFRUDomR
&RPRSRGHUGRFRUDomR &RPRSRGHUGRFRUDomR
7HFHUDHWHUQLGDGH 7HFHUDHWHUQLGDGH
eSUHFLVR eSUHFLVR
 
6RXHXTXHPHVWRXPDQGDQGR 6RXHXTXHPHVWRXPDQGDQGR
6RXHXTXHPHVWRXPDQGDQGR 6RXHXTXHPHVWRXPDQGDQGR
2EUHLUDVGD9LUJHP0mH 2EUHLUDVGD9LUJHP0mH
0HHVFXWHP 0HHVFXWHP
 
0DULD6HEDVWLDQD0DUFKD 0DULD6HEDVWLDQD0DUFKD
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
2%5(,5$6'$9,5*(00( BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
2%5(,5$6'$9,5*(00(

2%5(,5$6'$9,5*(00(
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB 2%5(,5$6'$9,5*(00(
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
0DULD6HEDVWLDQD0DUFKD 0DULD6HEDVWLDQD0DUFKD
 

0HHVFXWHP 0HHVFXWHP
2EUHLUDVGD9LUJHP0mH 2EUHLUDVGD9LUJHP0mH
6RXHXTXHPHVWRXPDQGDQGR 6RXHXTXHPHVWRXPDQGDQGR
6RXHXTXHPHVWRXPDQGDQGR 6RXHXTXHPHVWRXPDQGDQGR
 
eSUHFLVR eSUHFLVR
7HFHUDHWHUQLGDGH 7HFHUDHWHUQLGDGH
&RPRSRGHUGRFRUDomR &RPRSRGHUGRFRUDomR
&RPRSRGHUGRFRUDomR &RPRSRGHUGRFRUDomR
 
$OX] $OX]
4XHYHPGRQRVVRSDL 4XHYHPGRQRVVRSDL
5HVSODQGHFHVREUHD7HUUD 5HVSODQGHFHVREUHD7HUUD
)HFXQGDDFULDomR )HFXQGDDFULDomR
 
9yVVRLVLUPmV 9yVVRLVLUPmV
2YHQWUHGRXQLYHUVR 2YHQWUHGRXQLYHUVR
&XPSULYRVVRGHVWLQR &XPSULYRVVRGHVWLQR
1RVDPDQGRFRPRPmHV 1RVDPDQGRFRPRPmHV
 
 
 
 
&RPJUDoDHFRPERQGDGH &RPJUDoDHFRPERQGDGH
'R6ROHGDVHVWUHODV 'R6ROHGDVHVWUHODV
6HGHGLFDPDPDMHVWDGH 6HGHGLFDPDPDMHVWDGH
5DLQKDV 5DLQKDV
 
$QDWXUH]DHRYHQWR $QDWXUH]DHRYHQWR
$/XDHDVPDUpV $/XDHDVPDUpV
'D(VWUHODGR2ULHQWH 'D(VWUHODGR2ULHQWH
6mRDVSRQWDVIHPLQLQDV 6mRDVSRQWDVIHPLQLQDV
 
(QVLQDQGRVHXVLUPmRV (QVLQDQGRVHXVLUPmRV
6HJXLHVWHFDPLQKR 6HJXLHVWHFDPLQKR
eDYRVVDIRUoDQDDomR eDYRVVDIRUoDQDDomR
'HOLFDGH]D 'HOLFDGH]D
 
&RPRRGRPPDLVSUHFLRVR &RPRRGRPPDLVSUHFLRVR
(VWXGHPDPLVHULFyUGLD (VWXGHPDPLVHULFyUGLD
6mRYLUWXGHVGRWHVRXUR 6mRYLUWXGHVGRWHVRXUR
4XDOLGDGH 4XDOLGDGH
 

 

4XDOLGDGH 4XDOLGDGH
6mRYLUWXGHVGRWHVRXUR 6mRYLUWXGHVGRWHVRXUR
(VWXGHPDPLVHULFyUGLD (VWXGHPDPLVHULFyUGLD
&RPRRGRPPDLVSUHFLRVR &RPRRGRPPDLVSUHFLRVR
 
'HOLFDGH]D 'HOLFDGH]D
eDYRVVDIRUoDQDDomR eDYRVVDIRUoDQDDomR
6HJXLHVWHFDPLQKR 6HJXLHVWHFDPLQKR
(QVLQDQGRVHXVLUPmRV (QVLQDQGRVHXVLUPmRV
 
6mRDVSRQWDVIHPLQLQDV 6mRDVSRQWDVIHPLQLQDV
'D(VWUHODGR2ULHQWH 'D(VWUHODGR2ULHQWH
$/XDHDVPDUpV $/XDHDVPDUpV
$QDWXUH]DHRYHQWR $QDWXUH]DHRYHQWR
 
5DLQKDV 5DLQKDV
6HGHGLFDPDPDMHVWDGH 6HGHGLFDPDPDMHVWDGH
'R6ROHGDVHVWUHODV 'R6ROHGDVHVWUHODV
&RPJUDoDHFRPERQGDGH &RPJUDoDHFRPERQGDGH
 
 
 
 

 
 
 
 
&RPDPRUQRFRUDomR &RPDPRUQRFRUDomR
y 'HGLFRHVWHFDQWR y 'HGLFRHVWHFDQWR
 3ULQFHVDVGDOHJLmR  3ULQFHVDVGDOHJLmR
$VPXOKHUHV $VPXOKHUHV
 
2YHUGHGDIORUHVWD 2YHUGHGDIORUHVWD
2EUDQFRGRDVWUDO 2EUDQFRGRDVWUDO
'HVVDVSUHQGDVTXHUHVWDP 'HVVDVSUHQGDVTXHUHVWDP
/HPEUDQGR /HPEUDQGR
 
2YHUGHpRDPRU 2YHUGHpRDPRU
2EUDQFRpDSXUH]D 2EUDQFRpDSXUH]D
4XHRSDLYRVFRQILRX 4XHRSDLYRVFRQILRX
1DVFRUHVGHYRVVDIDUGD 1DVFRUHVGHYRVVDIDUGD
 
 
 

 
 
 
1DVFRUHVGHYRVVDIDUGD 1DVFRUHVGHYRVVDIDUGD
4XHRSDLYRVFRQILRX 4XHRSDLYRVFRQILRX
2EUDQFRpDSXUH]D 2EUDQFRpDSXUH]D
2YHUGHpRDPRU 2YHUGHpRDPRU
 
/HPEUDQGR /HPEUDQGR
'HVVDVSUHQGDVTXHUHVWDP 'HVVDVSUHQGDVTXHUHVWDP
2EUDQFRGRDVWUDO 2EUDQFRGRDVWUDO
2YHUGHGDIORUHVWD 2YHUGHGDIORUHVWD
 
$VPXOKHUHV $VPXOKHUHV
 3ULQFHVDVGDOHJLmR  3ULQFHVDVGDOHJLmR
y 'HGLFRHVWHFDQWR y 'HGLFRHVWHFDQWR
&RPDPRUQRFRUDomR &RPDPRUQRFRUDomR
 
 
 
 
 
 

 
 
 
3DUDHXVHJXLUQRFDPLQKRUHWR 3DUDHXVHJXLUQRFDPLQKRUHWR
0DVPHGrRVHXSHUGmR 0DVPHGrRVHXSHUGmR
&DGDXPQRWHPSRFHUWR &DGDXPQRWHPSRFHUWR
0HOLYUHGRVPHXVSHFDGRV 0HOLYUHGRVPHXVSHFDGRV
 
2EUDGDFDULGDGHYRVVD 2EUDGDFDULGDGHYRVVD
3HORGRPGDFULDomR 3HORGRPGDFULDomR
0HXORXYRUpDOHJULDYRVVD 0HXORXYRUpDOHJULDYRVVD
7XGRTXDQWRHVWipWHX 7XGRTXDQWRHVWipWHX
 
3RUTXHVLJRRVSDVVRVVHXV 3RUTXHVLJRRVSDVVRVVHXV
(XQmRWHPRPDOQHQKXP (XQmRWHPRPDOQHQKXP
0HXGLYLQRVHQKRU'HXV 0HXGLYLQRVHQKRU'HXV
&RPRWXGRpWmRSHUIHLWR &RPRWXGRpWmRSHUIHLWR
 
 
0DUFKD 0DUFKD
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
/289$d2$26(1+25'(86 BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
/289$d2$26(1+25'(86

/289$d2$26(1+25'(86
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB /289$d2$26(1+25'(86
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
0DUFKD 0DUFKD
 

 
&RPRWXGRpWmRSHUIHLWR &RPRWXGRpWmRSHUIHLWR
0HXGLYLQRVHQKRU'HXV 0HXGLYLQRVHQKRU'HXV
(XQmRWHPRPDOQHQKXP (XQmRWHPRPDOQHQKXP
3RUTXHVLJRRVSDVVRVVHXV 3RUTXHVLJRRVSDVVRVVHXV
 
7XGRTXDQWRHVWipWHX 7XGRTXDQWRHVWipWHX
0HXORXYRUpDOHJULDYRVVD 0HXORXYRUpDOHJULDYRVVD
3HORGRPGDFULDomR 3HORGRPGDFULDomR
2EUDGDFDULGDGHYRVVD 2EUDGDFDULGDGHYRVVD
 
0HOLYUHGRVPHXVSHFDGRV 0HOLYUHGRVPHXVSHFDGRV
&DGDXPQRWHPSRFHUWR &DGDXPQRWHPSRFHUWR
0DVPHGrRVHXSHUGmR 0DVPHGrRVHXSHUGmR
3DUDHXVHJXLUQRFDPLQKRUHWR 3DUDHXVHJXLUQRFDPLQKRUHWR
 
 
 
 
 
 
 
 
 
'HVVHVSHQVDPHQWRjWRD 'HVVHVSHQVDPHQWRjWRD
0HOLYUDLGRVPHXVLQLPLJRV 0HOLYUDLGRVPHXVLQLPLJRV
3RLVYRVVDFDXVDpTXHpERD 3RLVYRVVDFDXVDpTXHpERD
9RVFRQVDJURPLQKDFDVD 9RVFRQVDJURPLQKDFDVD
 
&KXYDGHRXURQRPHXODU &KXYDGHRXURQRPHXODU
$JRUDYRVSHoRDErQomR $JRUDYRVSHoRDErQomR
9yVTXHYHPPHDMXGDU 9yVTXHYHPPHDMXGDU
4XDQGRHVWRXDIOLWRHRUR 4XDQGRHVWRXDIOLWRHRUR
 
(UHIOLWRDVXDJOyULD (UHIOLWRDVXDJOyULD
6RXHVSHOKRGRDVWUR6RO 6RXHVSHOKRGRDVWUR6RO
4XHHXHVSDOKRVREUHD7HUUD 4XHHXHVSDOKRVREUHD7HUUD
3URWHMDDPLQKDVHPHQWH 3URWHMDDPLQKDVHPHQWH
 
 
 

 
 
 
3URWHMDDPLQKDVHPHQWH 3URWHMDDPLQKDVHPHQWH
4XHHXHVSDOKRVREUHD7HUUD 4XHHXHVSDOKRVREUHD7HUUD
6RXHVSHOKRGRDVWUR6RO 6RXHVSHOKRGRDVWUR6RO
(UHIOLWRDVXDJOyULD (UHIOLWRDVXDJOyULD
 
4XDQGRHVWRXDIOLWRHRUR 4XDQGRHVWRXDIOLWRHRUR
9yVTXHYHPPHDMXGDU 9yVTXHYHPPHDMXGDU
$JRUDYRVSHoRDErQomR $JRUDYRVSHoRDErQomR
&KXYDGHRXURQRPHXODU &KXYDGHRXURQRPHXODU
 
9RVFRQVDJURPLQKDFDVD 9RVFRQVDJURPLQKDFDVD
3RLVYRVVDFDXVDpTXHpERD 3RLVYRVVDFDXVDpTXHpERD
0HOLYUDLGRVPHXVLQLPLJRV 0HOLYUDLGRVPHXVLQLPLJRV
'HVVHVSHQVDPHQWRjWRD 'HVVHVSHQVDPHQWRjWRD
 
 
 
 
 
 
6ySUDHXPHUHFHU 6ySUDHXPHUHFHU
4XHPHS{VQRPXQGR 4XHPHS{VQRPXQGR
+RQUDURSRGHU +RQUDURSRGHU
6yDVVLPHXSUHWHQGR 6yDVVLPHXSUHWHQGR
 
'RPHXQDVFLPHQWR 'RPHXQDVFLPHQWR
$OHPEUDQoDGLYLQD $OHPEUDQoDGLYLQD
5HWHUSDUDVHPSUH 5HWHUSDUDVHPSUH
(VSHURXPGLD (VSHURXPGLD
 
(YHMRPDPmH (YHMRPDPmH
0HDTXHoRQDOX] 0HDTXHoRQDOX]
(XWRUQRDOHPEUDU (XWRUQRDOHPEUDU
/RJRSRUpP /RJRSRUpP
 
4XHIRLTXHPPHFULRX 4XHIRLTXHPPHFULRX
(VTXHoRSDSDL (VTXHoRSDSDL
1HVWDLOXVmR 1HVWDLOXVmR
4XDQGRHXPHSHUFR 4XDQGRHXPHSHUFR
 
9DOVD 9DOVD
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
352181&,$0(172 BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
352181&,$0(172

352181&,$0(172
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB 352181&,$0(172
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
9DOVD 9DOVD
 
4XDQGRHXPHSHUFR 4XDQGRHXPHSHUFR
1HVWDLOXVmR 1HVWDLOXVmR
(VTXHoRSDSDL (VTXHoRSDSDL
4XHIRLTXHPPHFULRX 4XHIRLTXHPPHFULRX
 
/RJRSRUpP /RJRSRUpP
(XWRUQRDOHPEUDU (XWRUQRDOHPEUDU
0HDTXHoRQDOX] 0HDTXHoRQDOX]
(YHMRPDPmH (YHMRPDPmH
 
(VSHURXPGLD (VSHURXPGLD
5HWHUSDUDVHPSUH 5HWHUSDUDVHPSUH
$OHPEUDQoDGLYLQD $OHPEUDQoDGLYLQD
'RPHXQDVFLPHQWR 'RPHXQDVFLPHQWR
 
6yDVVLPHXSUHWHQGR 6yDVVLPHXSUHWHQGR
+RQUDURSRGHU +RQUDURSRGHU
4XHPHS{VQRPXQGR 4XHPHS{VQRPXQGR
6ySUDHXPHUHFHU 6ySUDHXPHUHFHU
 
 
 
 
9yVTXHVRLVRPHXGRQR 9yVTXHVRLVRPHXGRQR
0HSURVWUDUDWHXVSpV 0HSURVWUDUDWHXVSpV
'LDQWHGRWURQR 'LDQWHGRWURQR
'HYROWDUDHVVHLPSpULR 'HYROWDUDHVVHLPSpULR
 
1RVHXFRUDomR 1RVHXFRUDomR
'HHXYLYHUFiHPEDL[R 'HHXYLYHUFiHPEDL[R
(VVDVDWLVIDomR (VVDVDWLVIDomR
2K0HVWUHPHGr 2K0HVWUHPHGr
 
3DUDUHQDVFHU 3DUDUHQDVFHU
(XIDoRXPHVIRUoR (XIDoRXPHVIRUoR
(XSURFXURVHU (XSURFXURVHU
(VWRXQHVVDIRUoD (VWRXQHVVDIRUoD
 
(OHPHJXLDQD7HUUD (OHPHJXLDQD7HUUD
&RPXPILRGHOX] &RPXPILRGHOX]
&RQILRHP-HVXV &RQILRHP-HVXV
(VWRXHPPDWpULD (VWRXHPPDWpULD

(VWRXHPPDWpULD (VWRXHPPDWpULD
&RQILRHP-HVXV &RQILRHP-HVXV
&RPXPILRGHOX] &RPXPILRGHOX]
(OHPHJXLDQD7HUUD (OHPHJXLDQD7HUUD
 
(VWRXQHVVDIRUoD (VWRXQHVVDIRUoD
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(XIDoRXPHVIRUoR (XIDoRXPHVIRUoR
3DUDUHQDVFHU 3DUDUHQDVFHU
 
2K0HVWUHPHGr 2K0HVWUHPHGr
(VVDVDWLVIDomR (VVDVDWLVIDomR
'HHXYLYHUFiHPEDL[R 'HHXYLYHUFiHPEDL[R
1RVHXFRUDomR 1RVHXFRUDomR
 
'HYROWDUDHVVHLPSpULR 'HYROWDUDHVVHLPSpULR
'LDQWHGRWURQR 'LDQWHGRWURQR
0HSURVWUDUDWHXVSpV 0HSURVWUDUDWHXVSpV
9yVTXHVRLVRPHXGRQR 9yVTXHVRLVRPHXGRQR
 
 
 
 
 
 
 
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2RUYDOKR 2RUYDOKR
eDRUODGRWHXPDQWR eDRUODGRWHXPDQWR
&DLOiGRILUPDPHQWR &DLOiGRILUPDPHQWR
0HHOHYDDWpRDOWR 0HHOHYDDWpRDOWR
 
(XVLQWRDPLQKDPHQWH (XVLQWRDPLQKDPHQWH
0HOHYDQGRDWpRFpX 0HOHYDQGRDWpRFpX
0HOHPEUDQGRGHVVDJOyULD 0HOHPEUDQGRGHVVDJOyULD
(XSURPHWRVHUILHO (XSURPHWRVHUILHO
 
 
 
 
(PTXHPPDQGDHVVHEULOKR (PTXHPPDQGDHVVHEULOKR
9DPRVDFUHGLWDU 9DPRVDFUHGLWDU
1yVWRGRVVRPRVILOKRV 1yVWRGRVVRPRVILOKRV
'HVVDVDQWDWULQGDGH 'HVVDVDQWDWULQGDGH
 
9yVVRLVVHQKRUGRViEDGR 9yVVRLVVHQKRUGRViEDGR
7HGRXDOX]GRPXQGR 7HGRXDOX]GRPXQGR
7XVRLVRPHXDPDGR 7XVRLVRPHXDPDGR
)LOKR )LOKR
 
(HOHpTXHUHOX] (HOHpTXHUHOX]
6mR-RmRDEULXRFDPLQKR 6mR-RmRDEULXRFDPLQKR
1DVFHXRPHX-HVXV 1DVFHXRPHX-HVXV
1DQRLWHGH%HOpP 1DQRLWHGH%HOpP
 
'RQDGHVVDULTXH]D 'RQDGHVVDULTXH]D
5DLQKDGRWHVRXUR 5DLQKDGRWHVRXUR
7XVRLVDQDWXUH]D 7XVRLVDQDWXUH]D
0mH 0mH

0mH 0mH
7XVRLVDQDWXUH]D 7XVRLVDQDWXUH]D
5DLQKDGRWHVRXUR 5DLQKDGRWHVRXUR
'RQDGHVVDULTXH]D 'RQDGHVVDULTXH]D
 
1DQRLWHGH%HOpP 1DQRLWHGH%HOpP
1DVFHXRPHX-HVXV 1DVFHXRPHX-HVXV
6mR-RmRDEULXRFDPLQKR 6mR-RmRDEULXRFDPLQKR
(HOHpTXHUHOX] (HOHpTXHUHOX]
 
)LOKR )LOKR
7XVRLVRPHXDPDGR 7XVRLVRPHXDPDGR
7HGRXDOX]GRPXQGR 7HGRXDOX]GRPXQGR
9yVVRLVVHQKRUGRViEDGR 9yVVRLVVHQKRUGRViEDGR
 
'HVVDVDQWDWULQGDGH 'HVVDVDQWDWULQGDGH
1yVWRGRVVRPRVILOKRV 1yVWRGRVVRPRVILOKRV
9DPRVDFUHGLWDU 9DPRVDFUHGLWDU
(PTXHPPDQGDHVVHEULOKR (PTXHPPDQGDHVVHEULOKR
 
 
 
 
 
 
(HOHpRQRVVRSDL (HOHpRQRVVRSDL
6RPRVWRGRVGH'HXV 6RPRVWRGRVGH'HXV
$FKDQFHTXHHOHQRVWUD] $FKDQFHTXHHOHQRVWUD]
/RXYDLDWRGRGLD /RXYDLDWRGRGLD
 
6RSUDLRVFRUDo}HV 6RSUDLRVFRUDo}HV
$QWHVTXHHVFXUHoD $QWHVTXHHVFXUHoD
)LOKR(VStULWR6DQWR )LOKR(VStULWR6DQWR
3DL 3DL
 
4XHPFRQILUPDVDWLVID] 4XHPFRQILUPDVDWLVID]
(OHVWUD]HPDVPHVPDVPHQVDJHQV (OHVWUD]HPDVPHVPDVPHQVDJHQV
6mRRVPHVPRVOiGHWUiV 6mRRVPHVPRVOiGHWUiV
2VSDVVDULQKRVGHKRMH 2VSDVVDULQKRVGHKRMH
 
1RVSURWHMDGRVLQFUpGXORV 1RVSURWHMDGRVLQFUpGXORV
6XVWHQWDHVWH&UX]HLUR 6XVWHQWDHVWH&UX]HLUR
6HQKRUD,VDEHO 6HQKRUD,VDEHO
9LUJHP0DULD 9LUJHP0DULD

9LUJHP0DULD 9LUJHP0DULD
6HQKRUD,VDEHO 6HQKRUD,VDEHO
6XVWHQWDHVWH&UX]HLUR 6XVWHQWDHVWH&UX]HLUR
1RVSURWHMDGRVLQFUpGXORV 1RVSURWHMDGRVLQFUpGXORV
 
2VSDVVDULQKRVGHKRMH 2VSDVVDULQKRVGHKRMH
6mRRVPHVPRVOiGHWUiV 6mRRVPHVPRVOiGHWUiV
(OHVWUD]HPDVPHVPDVPHQVDJHQV (OHVWUD]HPDVPHVPDVPHQVDJHQV
4XHPFRQILUPDVDWLVID] 4XHPFRQILUPDVDWLVID]
 
3DL 3DL
)LOKR(VStULWR6DQWR )LOKR(VStULWR6DQWR
$QWHVTXHHVFXUHoD $QWHVTXHHVFXUHoD
6RSUDLRVFRUDo}HV 6RSUDLRVFRUDo}HV
 
/RXYDLDWRGRGLD /RXYDLDWRGRGLD
$FKDQFHTXHHOHQRVWUD] $FKDQFHTXHHOHQRVWUD]
6RPRVWRGRVGH'HXV 6RPRVWRGRVGH'HXV
(HOHpRQRVVRSDL (HOHpRQRVVRSDL
 
 
 
 

4XHQRVJXLDQDYLDJHP 4XHQRVJXLDQDYLDJHP
(VVDIRUoDpDFRUUHQWH]D (VVDIRUoDpDFRUUHQWH]D
9HPRVRVOtULRVTXHKiQDVPDUJHQV 9HPRVRVOtULRVTXHKiQDVPDUJHQV
1DYHJDQGRQDFHUWH]D 1DYHJDQGRQDFHUWH]D
 
3UDQyVGHVHPERFDU 3UDQyVGHVHPERFDU
3DUD'HXVDSDJDURVUDVWURV 3DUD'HXVDSDJDURVUDVWURV
(ODVYmRGDUQRPDU (ODVYmRGDUQRPDU
1HVVHULRFRUUHPDViJXDV 1HVVHULRFRUUHPDViJXDV
 
2K0mHVXDYHHFDVWD 2K0mHVXDYHHFDVWD
$JRUDQyVWHORXYDPRV $JRUDQyVWHORXYDPRV
&RPVHXVUDLRVGHERQGDGH &RPVHXVUDLRVGHERQGDGH
/XDSUDWDEDQKDRVDVWURV /XDSUDWDEDQKDRVDVWURV
 
eQRVVDYLUJHPVREHUDQD eQRVVDYLUJHPVREHUDQD
$GRQDGHVWDULTXH]D $GRQDGHVWDULTXH]D
7RGRGLDJORULDPRV 7RGRGLDJORULDPRV
2VSULPRUHVGDEHOH]D 2VSULPRUHVGDEHOH]D
 
6HOPD0DUFKD 6HOPD0DUFKD
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
1$9(*$1'2&20'(86 BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
1$9(*$1'2&20'(86

1$9(*$1'2&20'(86
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB 1$9(*$1'2&20'(86
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
6HOPD0DUFKD 6HOPD0DUFKD
 

2VSULPRUHVGDEHOH]D 2VSULPRUHVGDEHOH]D
7RGRGLDJORULDPRV 7RGRGLDJORULDPRV
$GRQDGHVWDULTXH]D $GRQDGHVWDULTXH]D
eQRVVDYLUJHPVREHUDQD eQRVVDYLUJHPVREHUDQD
 
/XDSUDWDEDQKDRVDVWURV /XDSUDWDEDQKDRVDVWURV
&RPVHXVUDLRVGHERQGDGH &RPVHXVUDLRVGHERQGDGH
$JRUDQyVWHORXYDPRV $JRUDQyVWHORXYDPRV
2K0mHVXDYHHFDVWD 2K0mHVXDYHHFDVWD
 
1HVVHULRFRUUHPDViJXDV 1HVVHULRFRUUHPDViJXDV
(ODVYmRGDUQRPDU (ODVYmRGDUQRPDU
3DUD'HXVDSDJDURVUDVWURV 3DUD'HXVDSDJDURVUDVWURV
3UDQyVGHVHPERFDU 3UDQyVGHVHPERFDU
 
1DYHJDQGRQDFHUWH]D 1DYHJDQGRQDFHUWH]D
9HPRVRVOtULRVTXHKiQDVPDUJHQV 9HPRVRVOtULRVTXHKiQDVPDUJHQV
(VVDIRUoDpDFRUUHQWH]D (VVDIRUoDpDFRUUHQWH]D
4XHQRVJXLDQDYLDJHP 4XHQRVJXLDQDYLDJHP

 
 
3DUDLUDRVHXHQFRQWUR 3DUDLUDRVHXHQFRQWUR
&ROKHPRVHVVDVIORUHV &ROKHPRVHVVDVIORUHV
&RQVDJUHQRVVRSRQWR &RQVDJUHQRVVRSRQWR
0HXVHQKRU-XUDPLGDP 0HXVHQKRU-XUDPLGDP
 
6HWRUQHPPHXDOWDU 6HWRUQHPPHXDOWDU
(QWmRPHWHQKDPDPRU (QWmRPHWHQKDPDPRU
&RPYyVHXTXHURHVWDU &RPYyVHXTXHURHVWDU
0HXVHQKRU-XUDPLGDP 0HXVHQKRU-XUDPLGDP
 
)RLTXHPQRVGHXHVVDOX] )RLTXHPQRVGHXHVVDOX]
/RXYDQGRRQRVVRPHVWUH /RXYDQGRRQRVVRPHVWUH
(XYLYRWmRIHOL] (XYLYRWmRIHOL]
1D7HUUDFRPRQRFpX 1D7HUUDFRPRQRFpX
 
6HQmRQmRYRXHQWUDU 6HQmRQmRYRXHQWUDU
(VWHMDPEHPOLPSLQKRV (VWHMDPEHPOLPSLQKRV
$TXLHXYRXFKDPDU $TXLHXYRXFKDPDU
0HX6HQKRU-XUDPLGDP 0HX6HQKRU-XUDPLGDP
 
0DQRHO0RUDHV0DUFKD 0DQRHO0RUDHV0DUFKD
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
$2(1&21752'(-85$0,'$0 BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
$2(1&21752'(-85$0,'$0

$2(1&21752'(-85$0,'$0
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB $2(1&21752'(-85$0,'$0
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
0DQRHO0RUDHV0DUFKD 0DQRHO0RUDHV0DUFKD
 
0HX6HQKRU-XUDPLGDP 0HX6HQKRU-XUDPLGDP
$TXLHXYRXFKDPDU $TXLHXYRXFKDPDU
(VWHMDPEHPOLPSLQKRV (VWHMDPEHPOLPSLQKRV
6HQmRQmRYRXHQWUDU 6HQmRQmRYRXHQWUDU
 
1D7HUUDFRPRQRFpX 1D7HUUDFRPRQRFpX
(XYLYRWmRIHOL] (XYLYRWmRIHOL]
/RXYDQGRRQRVVRPHVWUH /RXYDQGRRQRVVRPHVWUH
)RLTXHPQRVGHXHVVDOX] )RLTXHPQRVGHXHVVDOX]
 
0HXVHQKRU-XUDPLGDP 0HXVHQKRU-XUDPLGDP
&RPYyVHXTXHURHVWDU &RPYyVHXTXHURHVWDU
(QWmRPHWHQKDPDPRU (QWmRPHWHQKDPDPRU
6HWRUQHPPHXDOWDU 6HWRUQHPPHXDOWDU
 
0HXVHQKRU-XUDPLGDP 0HXVHQKRU-XUDPLGDP
&RQVDJUHQRVVRSRQWR &RQVDJUHQRVVRSRQWR
&ROKHPRVHVVDVIORUHV &ROKHPRVHVVDVIORUHV
3DUDLUDRVHXHQFRQWUR 3DUDLUDRVHXHQFRQWUR
 
 

 
 
 
 
3DUDRVILOKRVTXHDTXLILFDU 3DUDRVILOKRVTXHDTXLILFDU
1RVGHL[DPDLVGRXWULQD 1RVGHL[DPDLVGRXWULQD
4XDQGRIRUHVYROWDU 4XDQGRIRUHVYROWDU
0HXVHQKRU-XUDPLGDP 0HXVHQKRU-XUDPLGDP
 
3DUVHDOLDUFRPDPLQKDUD]mR 3DUVHDOLDUFRPDPLQKDUD]mR
(OHPHPDQGRXDIp (OHPHPDQGRXDIp
(PEXVFDGDSHUIHLomR (PEXVFDGDSHUIHLomR
(XVRXRTXHHOHp (XVRXRTXHHOHp
 
4XHOHYDDTXHPVRXHX 4XHOHYDDTXHPVRXHX
'HQWURGHOHWHPXPDHVWUHOD 'HQWURGHOHWHPXPDHVWUHOD
(VWiRFRUDomRGH'HXV (VWiRFRUDomRGH'HXV
1RFUX]HLURTXHDtEULOKD 1RFUX]HLURTXHDtEULOKD
 
 
 

 
 
 
1RFUX]HLURTXHDtEULOKD 1RFUX]HLURTXHDtEULOKD
(VWiRFRUDomRGH'HXV (VWiRFRUDomRGH'HXV
'HQWURGHOHWHPXPDHVWUHOD 'HQWURGHOHWHPXPDHVWUHOD
4XHOHYDDTXHPVRXHX 4XHOHYDDTXHPVRXHX
 
(XVRXRTXHHOHp (XVRXRTXHHOHp
(PEXVFDGDSHUIHLomR (PEXVFDGDSHUIHLomR
(OHPHPDQGRXDIp (OHPHPDQGRXDIp
3DUVHDOLDUFRPDPLQKDUD]mR 3DUVHDOLDUFRPDPLQKDUD]mR
 
0HXVHQKRU-XUDPLGDP 0HXVHQKRU-XUDPLGDP
4XDQGRIRUHVYROWDU 4XDQGRIRUHVYROWDU
1RVGHL[DPDLVGRXWULQD 1RVGHL[DPDLVGRXWULQD
3DUDRVILOKRVTXHDTXLILFDU 3DUDRVILOKRVTXHDTXLILFDU
 
 
 
 
 
 
 
&RPRRRXURTXHUHOX] &RPRRRXURTXHUHOX]
$ERDQRYDVHPHDQGR $ERDQRYDVHPHDQGR
4XHPDQGDVVHVXDOX] 4XHPDQGDVVHVXDOX]
2URXDRSDLGLYLQR 2URXDRSDLGLYLQR
 
(OHpDPDMHVWDGH (OHpDPDMHVWDGH
2OKRXSDUDRLQILQLWR 2OKRXSDUDRLQILQLWR
6HUHQRXDWHPSHVWDGH 6HUHQRXDWHPSHVWDGH
-HVXVGRPRXRODJR -HVXVGRPRXRODJR
 
3DUDFROKHURVSHFDGRUHV 3DUDFROKHURVSHFDGRUHV
(OHVODQoDPVXDVUHGHV (OHVODQoDPVXDVUHGHV
(VHXVKXPLOGHVSHVFDGRUHV (VHXVKXPLOGHVSHVFDGRUHV
/iYDLR1D]DUHQR /iYDLR1D]DUHQR
 
0RVWUDUDQRYDURWD 0RVWUDUDQRYDURWD
(OHVYmRGHSRUWDHPSRUWD (OHVYmRGHSRUWDHPSRUWD
6HJXLGRGRVVHXVDSyVWRORV 6HJXLGRGRVVHXVDSyVWRORV
/iYDLR1D]DUHQR /iYDLR1D]DUHQR
 
0DUFKD 0DUFKD
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
1(66$6(;7$)(,5$6$17$ BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
1(66$6(;7$)(,5$6$17$

1(66$6(;7$)(,5$6$17$
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB 1(66$6(;7$)(,5$6$17$
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
0DUFKD 0DUFKD
 

/iYDLR1D]DUHQR /iYDLR1D]DUHQR
6HJXLGRGRVVHXVDSyVWRORV 6HJXLGRGRVVHXVDSyVWRORV
(OHVYmRGHSRUWDHPSRUWD (OHVYmRGHSRUWDHPSRUWD
0RVWUDUDQRYDURWD 0RVWUDUDQRYDURWD
 
/iYDLR1D]DUHQR /iYDLR1D]DUHQR
(VHXVKXPLOGHVSHVFDGRUHV (VHXVKXPLOGHVSHVFDGRUHV
(OHVODQoDPVXDVUHGHV (OHVODQoDPVXDVUHGHV
3DUDFROKHURVSHFDGRUHV 3DUDFROKHURVSHFDGRUHV
 
-HVXVGRPRXRODJR -HVXVGRPRXRODJR
6HUHQRXDWHPSHVWDGH 6HUHQRXDWHPSHVWDGH
2OKRXSDUDRLQILQLWR 2OKRXSDUDRLQILQLWR
(OHpDPDMHVWDGH (OHpDPDMHVWDGH
 
2URXDRSDLGLYLQR 2URXDRSDLGLYLQR
4XHPDQGDVVHVXDOX] 4XHPDQGDVVHVXDOX]
$ERDQRYDVHPHDQGR $ERDQRYDVHPHDQGR
&RPRRRXURTXHUHOX] &RPRRRXURTXHUHOX]
 
 
 
 
 
 
 
2VHXVDQJXHpR'DLPH 2VHXVDQJXHpR'DLPH
6HXHYDQJHOKRpDDUPD 6HXHYDQJHOKRpDDUPD
7HVWHPXQKRHPQRVVDFDUQH 7HVWHPXQKRHPQRVVDFDUQH
2&ULVWRHVWiHPQyV 2&ULVWRHVWiHPQyV
 
6HMiQmRRPDWDPRVGHQRYR 6HMiQmRRPDWDPRVGHQRYR
3HUJXQWRDRVPHXVLUPmRV 3HUJXQWRDRVPHXVLUPmRV
(OHIRLPRUWRSHORSRYR (OHIRLPRUWRSHORSRYR
1RGLDGR&DOYiULR 1RGLDGR&DOYiULR
 
0HX-HVXVHXPDWR 0HX-HVXVHXPDWR
6HFRPHWRXPYtFLR 6HFRPHWRXPYtFLR
7RGRGLDHXUHIDoR 7RGRGLDHXUHIDoR
$SDL[mRGH&ULVWR $SDL[mRGH&ULVWR
 
 
 

 
 
 
$SDL[mRGH&ULVWR $SDL[mRGH&ULVWR
7RGRGLDHXUHIDoR 7RGRGLDHXUHIDoR
6HFRPHWRXPYtFLR 6HFRPHWRXPYtFLR
0HX-HVXVHXPDWR 0HX-HVXVHXPDWR
 
1RGLDGR&DOYiULR 1RGLDGR&DOYiULR
(OHIRLPRUWRSHORSRYR (OHIRLPRUWRSHORSRYR
3HUJXQWRDRVPHXVLUPmRV 3HUJXQWRDRVPHXVLUPmRV
6HMiQmRRPDWDPRVGHQRYR 6HMiQmRRPDWDPRVGHQRYR
 
2&ULVWRHVWiHPQyV 2&ULVWRHVWiHPQyV
7HVWHPXQKRHPQRVVDFDUQH 7HVWHPXQKRHPQRVVDFDUQH
6HXHYDQJHOKRpDDUPD 6HXHYDQJHOKRpDDUPD
2VHXVDQJXHpR'DLPH 2VHXVDQJXHpR'DLPH
 
 
 
 
 
 
 
 
 
 
 
 
 
(JUDYDUQRFRUDomR (JUDYDUQRFRUDomR
/HPEUDUGRVHXH[HPSOR /HPEUDUGRVHXH[HPSOR
9DPRVSHGLURSHUGmR 9DPRVSHGLURSHUGmR
1HVVDVH[WDIHLUDVDQWD 1HVVDVH[WDIHLUDVDQWD
 
(HPQyVYDLUHVVXVFLWDQGR (HPQyVYDLUHVVXVFLWDQGR
6yDVVLPRPHVWUHVHDOHJUD 6yDVVLPRPHVWUHVHDOHJUD
&RPRRVKLQRVYHPPDQGDQGR &RPRRVKLQRVYHPPDQGDQGR
9DPRVYLYHUQDGRXWULQD 9DPRVYLYHUQDGRXWULQD
 
 
 
 
 

 
 
 
 
 
9DPRVYLYHUQDGRXWULQD 9DPRVYLYHUQDGRXWULQD
&RPRRVKLQRVYHPPDQGDQGR &RPRRVKLQRVYHPPDQGDQGR
6yDVVLPRPHVWUHVHDOHJUD 6yDVVLPRPHVWUHVHDOHJUD
(HPQyVYDLUHVVXVFLWDQGR (HPQyVYDLUHVVXVFLWDQGR
 
1HVVDVH[WDIHLUDVDQWD 1HVVDVH[WDIHLUDVDQWD
9DPRVSHGLURSHUGmR 9DPRVSHGLURSHUGmR
/HPEUDUGRVHXH[HPSOR /HPEUDUGRVHXH[HPSOR
(JUDYDUQRFRUDomR (JUDYDUQRFRUDomR
 
 
 
 
 
 
 
 
 
 
 
 
3UDQyVVHJXLUDMRUQDGD 3UDQyVVHJXLUDMRUQDGD
$SODFDLRVHOHPHQWRV $SODFDLRVHOHPHQWRV
$TXLHXSHoRHURJR $TXLHXSHoRHURJR
2K0LQKDPmHSLHGRVD 2K0LQKDPmHSLHGRVD
 
'HQWURGHVVDFRQFHQWUDomR 'HQWURGHVVDFRQFHQWUDomR
$TXLHXPHHQWUHJR $TXLHXPHHQWUHJR
&RPWRGRPHXFRUDomR &RPWRGRPHXFRUDomR
2K0LQKDPmH]LQKDHXWHDPR 2K0LQKDPmH]LQKDHXWHDPR
 
6mRSDUWHVGRVWHXVIXQGDPHQWRV 6mRSDUWHVGRVWHXVIXQGDPHQWRV
5DLRVFKXYDVWHPSHVWDGHV 5DLRVFKXYDVWHPSHVWDGHV
2K0LQKDPmHGLYLQD 2K0LQKDPmHGLYLQD
6mRYiULDVDVWXDVFDUtFLDV 6mRYiULDVDVWXDVFDUtFLDV
 
 
9DOVD 9DOVD
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
,17(5&(662 BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
,17(5&(662

,17(5&(662
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB ,17(5&(662
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
9DOVD 9DOVD
 

 
6mRYiULDVDVWXDVFDUtFLDV 6mRYiULDVDVWXDVFDUtFLDV
2K0LQKDPmHGLYLQD 2K0LQKDPmHGLYLQD
5DLRVFKXYDVWHPSHVWDGHV 5DLRVFKXYDVWHPSHVWDGHV
6mRSDUWHVGRVWHXVIXQGDPHQWRV 6mRSDUWHVGRVWHXVIXQGDPHQWRV
 
2K0LQKDPmH]LQKDHXWHDPR 2K0LQKDPmH]LQKDHXWHDPR
&RPWRGRPHXFRUDomR &RPWRGRPHXFRUDomR
$TXLHXPHHQWUHJR $TXLHXPHHQWUHJR
'HQWURGHVVDFRQFHQWUDomR 'HQWURGHVVDFRQFHQWUDomR
 
2K0LQKDPmHSLHGRVD 2K0LQKDPmHSLHGRVD
$TXLHXSHoRHURJR $TXLHXSHoRHURJR
$SODFDLRVHOHPHQWRV $SODFDLRVHOHPHQWRV
3UDQyVVHJXLUDMRUQDGD 3UDQyVVHJXLUDMRUQDGD
 
 
 
 
 

 
 
 
6HWHIRUoDVFRQGX] 6HWHIRUoDVFRQGX]
7RGDYLGDPDQLIHVWD 7RGDYLGDPDQLIHVWD
&ULHLGDPLQKDOX] &ULHLGDPLQKDOX]
(VWHVVHWHUDLRV (VWHVVHWHUDLRV
 
$RVTXHSXGHUHPFUHU $RVTXHSXGHUHPFUHU
'HGDUHVVDJUDoD 'HGDUHVVDJUDoD
6yHXWHQKRSRGHU 6yHXWHQKRSRGHU
6yHXWHQKRIRUoD 6yHXWHQKRIRUoD
 
eRUHLQRGH'HXV eRUHLQRGH'HXV
4XHWRGDEHOH]D 4XHWRGDEHOH]D
9HLRPHGL]HU 9HLRPHGL]HU
2DUFRtULV 2DUFRtULV
 
 
;0DUFKD ;0DUFKD
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
266(7(5$,26'2$5&25,6 BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
266(7(5$,26'2$5&25,6

266(7(5$,26'2$5&25,6
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB 266(7(5$,26'2$5&25,6
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
;0DUFKD ;0DUFKD
 

 
2DUFRtULV 2DUFRtULV
9HLRPHGL]HU 9HLRPHGL]HU
4XHWRGDEHOH]D 4XHWRGDEHOH]D
eRUHLQRGH'HXV eRUHLQRGH'HXV
 
6yHXWHQKRIRUoD 6yHXWHQKRIRUoD
6yHXWHQKRSRGHU 6yHXWHQKRSRGHU
'HGDUHVVDJUDoD 'HGDUHVVDJUDoD
$RVTXHSXGHUHPFUHU $RVTXHSXGHUHPFUHU
 
(VWHVVHWHUDLRV (VWHVVHWHUDLRV
&ULHLGDPLQKDOX] &ULHLGDPLQKDOX]
7RGDYLGDPDQLIHVWD 7RGDYLGDPDQLIHVWD
6HWHIRUoDVFRQGX] 6HWHIRUoDVFRQGX]
 
 
 
 
 
 
 
 
 
 
 
 
4XHQDGDpPDLVEHOR 4XHQDGDpPDLVEHOR
9HQKDPPHDGRUDU 9HQKDPPHDGRUDU
1HVWHVLQDLVVLQJHORV 1HVWHVLQDLVVLQJHORV
(XHVWRXSDUDPHXVVHUYRV (XHVWRXSDUDPHXVVHUYRV
 
&RPHVWHGLDGHPD &RPHVWHGLDGHPD
0DVGHSRLVFRURRD7HUUD 0DVGHSRLVFRURRD7HUUD
'RVKRPHQVWHQKRSHQD 'RVKRPHQVWHQKRSHQD
'XUDQWHDWHPSHVWDGH 'XUDQWHDWHPSHVWDGH
 
 
 
 
 

 
 
 
 
 
'XUDQWHDWHPSHVWDGH 'XUDQWHDWHPSHVWDGH
'RVKRPHQVWHQKRSHQD 'RVKRPHQVWHQKRSHQD
0DVGHSRLVFRURRD7HUUD 0DVGHSRLVFRURRD7HUUD
&RPHVWHGLDGHPD &RPHVWHGLDGHPD
 
(XHVWRXSDUDPHXVVHUYRV (XHVWRXSDUDPHXVVHUYRV
1HVWHVLQDLVVLQJHORV 1HVWHVLQDLVVLQJHORV
9HQKDPPHDGRUDU 9HQKDPPHDGRUDU
4XHQDGDpPDLVEHOR 4XHQDGDpPDLVEHOR
 
 
 
 
 
 
 
 
 
(ODYDLUHLQDU (ODYDLUHLQDU
(ODYDLUHLQDU (ODYDLUHLQDU
ePLQKDPmHTXHGi ePLQKDPmHTXHGi
(VWHPLVWpULR (VWHPLVWpULR
 
9HLRSDUDPRVWUDU 9HLRSDUDPRVWUDU
9HLRSDUDPRVWUDU 9HLRSDUDPRVWUDU
5HVXPHD7HUUD 5HVXPHD7HUUD
2VHXSHUIXPH 2VHXSHUIXPH
 
9HLRSDUDXQLU 9HLRSDUDXQLU
9HLRSDUDXQLU 9HLRSDUDXQLU
4XHPLQKDPmHPDQGRX 4XHPLQKDPmHPDQGRX
6DQWD0DULD 6DQWD0DULD
 
3UDPHDJUDFLDU 3UDPHDJUDFLDU
3UDPHDJUDFLDU 3UDPHDJUDFLDU
4XHYHLRGRFpX 4XHYHLRGRFpX
6DQWD0DULD 6DQWD0DULD
 
9DOVD 9DOVD
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
6$/9(5$,1+$ BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
6$/9(5$,1+$

6$/9(5$,1+$
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB 6$/9(5$,1+$
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
9DOVD 9DOVD
 
6DQWD0DULD 6DQWD0DULD
4XHYHLRGRFpX 4XHYHLRGRFpX
3UDPHDJUDFLDU 3UDPHDJUDFLDU
3UDPHDJUDFLDU 3UDPHDJUDFLDU
 
6DQWD0DULD 6DQWD0DULD
4XHPLQKDPmHPDQGRX 4XHPLQKDPmHPDQGRX
9HLRSDUDXQLU 9HLRSDUDXQLU
9HLRSDUDXQLU 9HLRSDUDXQLU
 
2VHXSHUIXPH 2VHXSHUIXPH
5HVXPHD7HUUD 5HVXPHD7HUUD
9HLRSDUDPRVWUDU 9HLRSDUDPRVWUDU
9HLRSDUDPRVWUDU 9HLRSDUDPRVWUDU
 
(VWHPLVWpULR (VWHPLVWpULR
ePLQKDPmHTXHGi ePLQKDPmHTXHGi
(ODYDLUHLQDU (ODYDLUHLQDU
(ODYDLUHLQDU (ODYDLUHLQDU
 
 
 
 
9yVTXHGHWHUPLQD 9yVTXHGHWHUPLQD
(XDSHQDV]HOR (XDSHQDV]HOR
'RQDGHVVHHQVLQR 'RQDGHVVHHQVLQR
6DOYH5DLQKD 6DOYH5DLQKD
 
3DUDWLEULQGDU 3DUDWLEULQGDU
6RXHXTXHPPDQGR 6RXHXTXHPPDQGR
7UDWHPGHJUDYDU 7UDWHPGHJUDYDU
6HHVFXWDUHPKLQR 6HHVFXWDUHPKLQR
 
9DPRVHVFXWDU 9DPRVHVFXWDU
9DPRVHVFXWDU 9DPRVHVFXWDU
eTXH'HXVHVWi eTXH'HXVHVWi
1HVWHVLOrQFLR 1HVWHVLOrQFLR
 
9DPRVVHFDODU 9DPRVVHFDODU
9DPRVVHFDODU 9DPRVVHFDODU
3UHVHQWHHVWi 3UHVHQWHHVWi
7DQWRSRGHU 7DQWRSRGHU

7DQWRSRGHU 7DQWRSRGHU
3UHVHQWHHVWi 3UHVHQWHHVWi
9DPRVVHFDODU 9DPRVVHFDODU
9DPRVVHFDODU 9DPRVVHFDODU
 
1HVWHVLOrQFLR 1HVWHVLOrQFLR
eTXH'HXVHVWi eTXH'HXVHVWi
9DPRVHVFXWDU 9DPRVHVFXWDU
9DPRVHVFXWDU 9DPRVHVFXWDU
 
6HHVFXWDUHPKLQR 6HHVFXWDUHPKLQR
7UDWHPGHJUDYDU 7UDWHPGHJUDYDU
6RXHXTXHPPDQGR 6RXHXTXHPPDQGR
3DUDWLEULQGDU 3DUDWLEULQGDU
 
6DOYH5DLQKD 6DOYH5DLQKD
'RQDGHVVHHQVLQR 'RQDGHVVHHQVLQR
(XDSHQDV]HOR (XDSHQDV]HOR
9yVTXHGHWHUPLQD 9yVTXHGHWHUPLQD
 
 
 
 
$WXGRHOHUHVLVWH $WXGRHOHUHVLVWH
3RXVDGRHPQRVVDIp 3RXVDGRHPQRVVDIp
4XHR&ULVWRDLQGDH[LVWH 4XHR&ULVWRDLQGDH[LVWH
6yPHUHVWDDFUHGLWDU 6yPHUHVWDDFUHGLWDU
 
1HVVDYLGDWHUUHVWUH 1HVVDYLGDWHUUHVWUH
6XDVDo}HVVmRPLQKDE~VVROD 6XDVDo}HVVmRPLQKDE~VVROD
$VSDODYUDVGRPHXPHVWUH $VSDODYUDVGRPHXPHVWUH
$LQGDYLEUDPQRHVSDoR $LQGDYLEUDPQRHVSDoR
 
8PVHUPXLWRDPDGR 8PVHUPXLWRDPDGR
&RQVLGHURFDGDHVWUHOD &RQVLGHURFDGDHVWUHOD
3DUDHVStULWRVHOHYDGRV 3DUDHVStULWRVHOHYDGRV
2VDVWURVVmRDSDUHOKRV 2VDVWURVVmRDSDUHOKRV
 
4XHRVWHPSRVVmRGHOXWD 4XHRVWHPSRVVmRGHOXWD
%UDGDPOiGRLQILQLWR %UDGDPOiGRLQILQLWR
3RUTXHHOHPHHVFXWD 3RUTXHHOHPHHVFXWD
(XYHQHURRXQLYHUVR (XYHQHURRXQLYHUVR
 
6X]DQD0DUFKD 6X]DQD0DUFKD
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
&5,672&+$0$$25'(0 BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
&5,672&+$0$$25'(0

&5,672&+$0$$25'(0
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB &5,672&+$0$$25'(0
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
6X]DQD0DUFKD 6X]DQD0DUFKD
 
(XYHQHURRXQLYHUVR (XYHQHURRXQLYHUVR
3RUTXHHOHPHHVFXWD 3RUTXHHOHPHHVFXWD
%UDGDPOiGRLQILQLWR %UDGDPOiGRLQILQLWR
4XHRVWHPSRVVmRGHOXWD 4XHRVWHPSRVVmRGHOXWD
 
2VDVWURVVmRDSDUHOKRV 2VDVWURVVmRDSDUHOKRV
3DUDHVStULWRVHOHYDGRV 3DUDHVStULWRVHOHYDGRV
&RQVLGHURFDGDHVWUHOD &RQVLGHURFDGDHVWUHOD
8PVHUPXLWRDPDGR 8PVHUPXLWRDPDGR
 
$LQGDYLEUDPQRHVSDoR $LQGDYLEUDPQRHVSDoR
$VSDODYUDVGRPHXPHVWUH $VSDODYUDVGRPHXPHVWUH
6XDVDo}HVVmRPLQKDE~VVROD 6XDVDo}HVVmRPLQKDE~VVROD
1HVVDYLGDWHUUHVWUH 1HVVDYLGDWHUUHVWUH
 
6yPHUHVWDDFUHGLWDU 6yPHUHVWDDFUHGLWDU
4XHR&ULVWRDLQGDH[LVWH 4XHR&ULVWRDLQGDH[LVWH
3RXVDGRHPQRVVDIp 3RXVDGRHPQRVVDIp
$WXGRHOHUHVLVWH $WXGRHOHUHVLVWH
 
 
 
 
 
 
1DGDGHHVPRUHFHU 1DGDGHHVPRUHFHU
9LYHPRVQHVVDFHUWH]D 9LYHPRVQHVVDFHUWH]D
1mRSRGHPQRVDEDWHU 1mRSRGHPQRVDEDWHU
$VSDODYUDVGRVRXWURV $VSDODYUDVGRVRXWURV
 
(VWiQRQRVVRULWR (VWiQRQRVVRULWR
$FKDYHGHVVHPLVWpULR $FKDYHGHVVHPLVWpULR
7RGRVSRGHPVHUXP&ULVWR 7RGRVSRGHPVHUXP&ULVWR
6HWHQWDUHPDSHUIHLomR 6HWHQWDUHPDSHUIHLomR
 
9DPRV]HODUSRUWRGRVRVKLQRV 9DPRV]HODUSRUWRGRVRVKLQRV
1mREDVWDUHFHEHU 1mREDVWDUHFHEHU
$SXUH]DGDGRXWULQD $SXUH]DGDGRXWULQD
9DPRVWRGRVSUHVHUYDU 9DPRVWRGRVSUHVHUYDU
 
 
 

 
 
 
9DPRVWRGRVSUHVHUYDU 9DPRVWRGRVSUHVHUYDU
$SXUH]DGDGRXWULQD $SXUH]DGDGRXWULQD
1mREDVWDUHFHEHU 1mREDVWDUHFHEHU
9DPRV]HODUSRUWRGRVRVKLQRV 9DPRV]HODUSRUWRGRVRVKLQRV
 
6HWHQWDUHPDSHUIHLomR 6HWHQWDUHPDSHUIHLomR
7RGRVSRGHPVHUXP&ULVWR 7RGRVSRGHPVHUXP&ULVWR
$FKDYHGHVVHPLVWpULR $FKDYHGHVVHPLVWpULR
(VWiQRQRVVRULWR (VWiQRQRVVRULWR
 
$VSDODYUDVGRVRXWURV $VSDODYUDVGRVRXWURV
1mRSRGHPQRVDEDWHU 1mRSRGHPQRVDEDWHU
9LYHPRVQHVVDFHUWH]D 9LYHPRVQHVVDFHUWH]D
1DGDGHHVPRUHFHU 1DGDGHHVPRUHFHU
 
 
 
 
 
 
 
 
 
 
 
 
 
9DPRVFXPSULURVHUYLoR 9DPRVFXPSULURVHUYLoR
&ULVWRFKDPDDRUGHP &ULVWRFKDPDDRUGHP
)pHPQRVVRVULWRV )pHPQRVVRVULWRV
)pHPQRVVDIHVWD )pHPQRVVDIHVWD
 
1mRKiGRTXHVHHQYHUJRQKDU 1mRKiGRTXHVHHQYHUJRQKDU
1RVVDIHVWDpGHDPRU 1RVVDIHVWDpGHDPRU
7HPRVTXHWHVWHPXQKDU 7HPRVTXHWHVWHPXQKDU
'XUDQWHFDGDVHVVmR 'XUDQWHFDGDVHVVmR
 
 
 
 
 

 
 
 
 
 
'XUDQWHFDGDVHVVmR 'XUDQWHFDGDVHVVmR
7HPRVTXHWHVWHPXQKDU 7HPRVTXHWHVWHPXQKDU
1RVVDIHVWDpGHDPRU 1RVVDIHVWDpGHDPRU
1mRKiGRTXHVHHQYHUJRQKDU 1mRKiGRTXHVHHQYHUJRQKDU
 
)pHPQRVVDIHVWD )pHPQRVVDIHVWD
)pHPQRVVRVULWRV )pHPQRVVRVULWRV
&ULVWRFKDPDDRUGHP &ULVWRFKDPDDRUGHP
9DPRVFXPSULURVHUYLoR 9DPRVFXPSULURVHUYLoR
 
 
 
 
 
 
 
 
 
(IRLFUXFLILFDGR (IRLFUXFLILFDGR
'HTXHPSHUGRRX 'HTXHPSHUGRRX
2VLJQLILFDGR 2VLJQLILFDGR
3URFXUHPHQWHQGHU 3URFXUHPHQWHQGHU
 
4XHOKHHQYLRX 4XHOKHHQYLRX
$RVHLRGRSDL $RVHLRGRSDL
2ILOKRYROWRX 2ILOKRYROWRX
6mRWUrVKRUDVGDWDUGH 6mRWUrVKRUDVGDWDUGH
 
3DUDFXPSULURGHGLUHLWR 3DUDFXPSULURGHGLUHLWR
4XHWRGRVVHKXPLOKHP 4XHWRGRVVHKXPLOKHP
3URIXQGRUHVSHLWR 3URIXQGRUHVSHLWR
2PRPHQWRH[LJH 2PRPHQWRH[LJH
 
$JOyULDGH'HXV $JOyULDGH'HXV
(FRDQRVFpXV (FRDQRVFpXV
26ROQHPVHS{V 26ROQHPVHS{V
6mRWUrVKRUDVGDWDUGH 6mRWUrVKRUDVGDWDUGH
 
0DUFKD 0DUFKD
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
127&,$6'2%(,-$)/25 BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
127&,$6'2%(,-$)/25

127&,$6'2%(,-$)/25
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB 127&,$6'2%(,-$)/25
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
0DUFKD 0DUFKD
 
6mRWUrVKRUDVGDWDUGH 6mRWUrVKRUDVGDWDUGH
26ROQHPVHS{V 26ROQHPVHS{V
(FRDQRVFpXV (FRDQRVFpXV
$JOyULDGH'HXV $JOyULDGH'HXV
 
2PRPHQWRH[LJH 2PRPHQWRH[LJH
3URIXQGRUHVSHLWR 3URIXQGRUHVSHLWR
4XHWRGRVVHKXPLOKHP 4XHWRGRVVHKXPLOKHP
3DUDFXPSULURGHGLUHLWR 3DUDFXPSULURGHGLUHLWR
 
6mRWUrVKRUDVGDWDUGH 6mRWUrVKRUDVGDWDUGH
2ILOKRYROWRX 2ILOKRYROWRX
$RVHLRGRSDL $RVHLRGRSDL
4XHOKHHQYLRX 4XHOKHHQYLRX
 
3URFXUHPHQWHQGHU 3URFXUHPHQWHQGHU
2VLJQLILFDGR 2VLJQLILFDGR
'HTXHPSHUGRRX 'HTXHPSHUGRRX
(IRLFUXFLILFDGR (IRLFUXFLILFDGR
 
 
 
 
3DUDRDGRUQDU 3DUDRDGRUQDU
&RPSRGHUHJOyULD &RPSRGHUHJOyULD
2YLHUDPDGRUDU 2YLHUDPDGRUDU
7RGRVRVVDQWRV 7RGRVRVVDQWRV
 
6DLXGRRXWURODGR 6DLXGRRXWURODGR
(QWURXSHOR&UX]HLUR (QWURXSHOR&UX]HLUR
$R&DUUHLURHVWUHODGR $R&DUUHLURHVWUHODGR
-HVXVDVFHQGHX -HVXVDVFHQGHX
 
7RUQDUDPVHJXDUGL}HV 7RUQDUDPVHJXDUGL}HV
2HVFROWDUDPDRDOWR 2HVFROWDUDPDRDOWR
&RPVXDVHYROXo}HV &RPVXDVHYROXo}HV
(QODoDUDPRPHVWUH (QODoDUDPRPHVWUH
 
&RPRDUDXWRVGDOX] &RPRDUDXWRVGDOX]
)RUDPVDQWLILFDGRV )RUDPVDQWLILFDGRV
6REUHYRDUDPDFUX] 6REUHYRDUDPDFUX]
7RGRVRVSDVVDULQKRV 7RGRVRVSDVVDULQKRV

7RGRVRVSDVVDULQKRV 7RGRVRVSDVVDULQKRV
6REUHYRDUDPDFUX] 6REUHYRDUDPDFUX]
)RUDPVDQWLILFDGRV )RUDPVDQWLILFDGRV
&RPRDUDXWRVGDOX] &RPRDUDXWRVGDOX]
 
(QODoDUDPRPHVWUH (QODoDUDPRPHVWUH
&RPVXDVHYROXo}HV &RPVXDVHYROXo}HV
2HVFROWDUDPDRDOWR 2HVFROWDUDPDRDOWR
7RUQDUDPVHJXDUGL}HV 7RUQDUDPVHJXDUGL}HV
 
-HVXVDVFHQGHX -HVXVDVFHQGHX
$R&DUUHLURHVWUHODGR $R&DUUHLURHVWUHODGR
(QWURXSHOR&UX]HLUR (QWURXSHOR&UX]HLUR
6DLXGRRXWURODGR 6DLXGRRXWURODGR
 
7RGRVRVVDQWRV 7RGRVRVVDQWRV
2YLHUDPDGRUDU 2YLHUDPDGRUDU
&RPSRGHUHJOyULD &RPSRGHUHJOyULD
3DUDRDGRUQDU 3DUDRDGRUQDU
 
 
 
 
 
 
 
 
$RVHXHYDQJHOKRGHDPRU $RVHXHYDQJHOKRGHDPRU
9DPRVQRVFRQYHUWHU 9DPRVQRVFRQYHUWHU
2FRUGHLURVHQWRX 2FRUGHLURVHQWRX
$GLUHLWDGRSDL $GLUHLWDGRSDL
 
)RLFXPSULGDDPLVVmR )RLFXPSULGDDPLVVmR
7UHPHXRXQLYHUVR 7UHPHXRXQLYHUVR
8PDWUDQVIRUPDomR 8PDWUDQVIRUPDomR
(QWmRVHRSHURX (QWmRVHRSHURX
 
2ILOKRUHDVVXPLU 2ILOKRUHDVVXPLU
1RHQFRQWURFRPRSDL 1RHQFRQWURFRPRSDL
3XGHUDPDVVLVWLU 3XGHUDPDVVLVWLU
3URVWUDGRVHPr[WDVH 3URVWUDGRVHPr[WDVH
 
 
 

 
 
 
3URVWUDGRVHPr[WDVH 3URVWUDGRVHPr[WDVH
3XGHUDPDVVLVWLU 3XGHUDPDVVLVWLU
1RHQFRQWURFRPRSDL 1RHQFRQWURFRPRSDL
2ILOKRUHDVVXPLU 2ILOKRUHDVVXPLU
 
(QWmRVHRSHURX (QWmRVHRSHURX
8PDWUDQVIRUPDomR 8PDWUDQVIRUPDomR
7UHPHXRXQLYHUVR 7UHPHXRXQLYHUVR
)RLFXPSULGDDPLVVmR )RLFXPSULGDDPLVVmR
 
$GLUHLWDGRSDL $GLUHLWDGRSDL
2FRUGHLURVHQWRX 2FRUGHLURVHQWRX
9DPRVQRVFRQYHUWHU 9DPRVQRVFRQYHUWHU
$RVHXHYDQJHOKRGHDPRU $RVHXHYDQJHOKRGHDPRU
 
 
 
 
 
 
 
 
4XHVHHVWiQHVVHSRGHU 4XHVHHVWiQHVVHSRGHU
eQDXQLmR eQDXQLmR
4XHVHHVWiQHVVHSRGHU 4XHVHHVWiQHVVHSRGHU
eQDXQLmR eQDXQLmR
 
4XDQGRHXGHVoRQDVHVVmR 4XDQGRHXGHVoRQDVHVVmR
6HWXPHQHJDV 6HWXPHQHJDV
0LQKDHVWUHODQRSHLWR 0LQKDHVWUHODQRSHLWR
1mRDGLDQWDERWDU 1mRDGLDQWDERWDU
eSUHFLVRWHUIpQRFRUDomR eSUHFLVRWHUIpQRFRUDomR
6HWRGRVPHTXLVHUHPYHU 6HWRGRVPHTXLVHUHPYHU
 
4XHVHHVWiQHVVHSRGHU 4XHVHHVWiQHVVHSRGHU
eQDXQLmR eQDXQLmR
4XHVHHVWiQHVVHSRGHU 4XHVHHVWiQHVVHSRGHU
eQDXQLmR eQDXQLmR
 
0DUFKD 0DUFKD
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
&03/,&(6'('(86 BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
&03/,&(6'('(86

&03/,&(6'('(86
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB &03/,&(6'('(86
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
0DUFKD 0DUFKD
 
eQDXQLmR eQDXQLmR
4XHVHHVWiQHVVHSRGHU 4XHVHHVWiQHVVHSRGHU
eQDXQLmR eQDXQLmR
4XHVHHVWiQHVVHSRGHU 4XHVHHVWiQHVVHSRGHU
 
6HWRGRVPHTXLVHUHPYHU 6HWRGRVPHTXLVHUHPYHU
eSUHFLVRWHUIpQRFRUDomR eSUHFLVRWHUIpQRFRUDomR
1mRDGLDQWDERWDU 1mRDGLDQWDERWDU
0LQKDHVWUHODQRSHLWR 0LQKDHVWUHODQRSHLWR
6HWXPHQHJDV 6HWXPHQHJDV
4XDQGRHXGHVoRQDVHVVmR 4XDQGRHXGHVoRQDVHVVmR
 
eQDXQLmR eQDXQLmR
4XHVHHVWiQHVVHSRGHU 4XHVHHVWiQHVVHSRGHU
eQDXQLmR eQDXQLmR
4XHVHHVWiQHVVHSRGHU 4XHVHHVWiQHVVHSRGHU
 
 
 
 
 
 
 
 
(DERQGDGHGDVHPSUH9LUJHP0DULD (DERQGDGHGDVHPSUH9LUJHP0DULD
&RPEDWHPRVFRPDHVSDGDGR&ULVWR &RPEDWHPRVFRPDHVSDGDGR&ULVWR
&RQILDPRVSRUTXHRPXQGRGHVFRQILD &RQILDPRVSRUTXHRPXQGRGHVFRQILD
(PSXQKDPRVHVWDEDQGHLUD (PSXQKDPRVHVWDEDQGHLUD
1yVGR'DLPH 1yVGR'DLPH
 
4XHVHHVWiQHVVHSRGHU 4XHVHHVWiQHVVHSRGHU
eQDXQLmR eQDXQLmR
4XHVHHVWiQHVVHSRGHU 4XHVHHVWiQHVVHSRGHU
eQDXQLmR eQDXQLmR
 
3RLVVRPRVWRGRVF~PSOLFHVGH'HXV 3RLVVRPRVWRGRVF~PSOLFHVGH'HXV
1mRDGLDQWDIXJLUGHVVDPLVVmR 1mRDGLDQWDIXJLUGHVVDPLVVmR
(VVDOHPEUDQoDGHQRYRYROWDUi (VVDOHPEUDQoDGHQRYRYROWDUi
&RLWDGRGHTXHPMiVHHVTXHFHX &RLWDGRGHTXHPMiVHHVTXHFHX
 
 

 
 
&RLWDGRGHTXHPMiVHHVTXHFHX &RLWDGRGHTXHPMiVHHVTXHFHX
(VVDOHPEUDQoDGHQRYRYROWDUi (VVDOHPEUDQoDGHQRYRYROWDUi
1mRDGLDQWDIXJLUGHVVDPLVVmR 1mRDGLDQWDIXJLUGHVVDPLVVmR
3RLVVRPRVWRGRVF~PSOLFHVGH'HXV 3RLVVRPRVWRGRVF~PSOLFHVGH'HXV
 
eQDXQLmR eQDXQLmR
4XHVHHVWiQHVVHSRGHU 4XHVHHVWiQHVVHSRGHU
eQDXQLmR eQDXQLmR
4XHVHHVWiQHVVHSRGHU 4XHVHHVWiQHVVHSRGHU
 
1yVGR'DLPH 1yVGR'DLPH
(PSXQKDPRVHVWDEDQGHLUD (PSXQKDPRVHVWDEDQGHLUD
&RQILDPRVSRUTXHRPXQGRGHVFRQILD &RQILDPRVSRUTXHRPXQGRGHVFRQILD
&RPEDWHPRVFRPDHVSDGDGR&ULVWR &RPEDWHPRVFRPDHVSDGDGR&ULVWR
(DERQGDGHGDVHPSUH9LUJHP0DULD (DERQGDGHGDVHPSUH9LUJHP0DULD
 
 
 
 
 
 
&RPRVUDLRVGRVHXSRGHU &RPRVUDLRVGRVHXSRGHU
$IDVWHRVPDOID]HMRV $IDVWHRVPDOID]HMRV
&RPHVVDFULDQoDDQDVFHU &RPHVVDFULDQoDDQDVFHU
6HQKRUD6DQWDQDDTXLHVWRX 6HQKRUD6DQWDQDDTXLHVWRX
 
1DFRQWLQXDomR 1DFRQWLQXDomR
'HWHUYyVDRPHXODGR 'HWHUYyVDRPHXODGR
(VVDVDWLVIDomR (VVDVDWLVIDomR
6mR-RVpYyVPHGr 6mR-RVpYyVPHGr
 
3DUDHXFRQWLQXDU 3DUDHXFRQWLQXDU
(XVyYRVSHoROX] (XVyYRVSHoROX]
'RVPLVWpULRVTXHKi 'RVPLVWpULRVTXHKi
6DQWD,VDEHOPHSURWHMD 6DQWD,VDEHOPHSURWHMD
 
&RQWUDHVVDWHQWDomR &RQWUDHVVDWHQWDomR
(XVyYRVSHoRIRUoD (XVyYRVSHoRIRUoD
$TXLQHVWDTXHVWmR $TXLQHVWDTXHVWmR
6mR0LJXHOPHDMXGH 6mR0LJXHOPHDMXGH
 
9DOVD 9DOVD
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
1266$6(1+25$'23$572 BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
1266$6(1+25$'23$572

1266$6(1+25$'23$572
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB 1266$6(1+25$'23$572
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
9DOVD 9DOVD
 
6mR0LJXHOPHDMXGH 6mR0LJXHOPHDMXGH
$TXLQHVWDTXHVWmR $TXLQHVWDTXHVWmR
(XVyYRVSHoRIRUoD (XVyYRVSHoRIRUoD
&RQWUDHVVDWHQWDomR &RQWUDHVVDWHQWDomR
 
6DQWD,VDEHOPHSURWHMD 6DQWD,VDEHOPHSURWHMD
'RVPLVWpULRVTXHKi 'RVPLVWpULRVTXHKi
(XVyYRVSHoROX] (XVyYRVSHoROX]
3DUDHXFRQWLQXDU 3DUDHXFRQWLQXDU
 
6mR-RVpYyVPHGr 6mR-RVpYyVPHGr
(VVDVDWLVIDomR (VVDVDWLVIDomR
'HWHUYyVDRPHXODGR 'HWHUYyVDRPHXODGR
1DFRQWLQXDomR 1DFRQWLQXDomR
 
6HQKRUD6DQWDQDDTXLHVWRX 6HQKRUD6DQWDQDDTXLHVWRX
&RPHVVDFULDQoDDQDVFHU &RPHVVDFULDQoDDQDVFHU
$IDVWHRVPDOID]HMRV $IDVWHRVPDOID]HMRV
&RPRVUDLRVGRVHXSRGHU &RPRVUDLRVGRVHXSRGHU
 
 
 
 
4XHYmRVHXGHVWLQRUHJHU 4XHYmRVHXGHVWLQRUHJHU
&RPRDVWURVQRFpX &RPRDVWURVQRFpX
(XTXHURDJUDGHFHU (XTXHURDJUDGHFHU
$WRGRVVHUHVGLYLQRV $WRGRVVHUHVGLYLQRV
 
(QFDUQDUQHVVHVHU (QFDUQDUQHVVHVHU
0DQGHXPVHXGLVFtSXOR 0DQGHXPVHXGLVFtSXOR
5HLGHWRGRSRGHU 5HLGHWRGRSRGHU
0HXVHQKRU-HVXV&ULVWR 0HXVHQKRU-HVXV&ULVWR
 
(RHVStULWRHVWiSRUYLU (RHVStULWRHVWiSRUYLU
(XJHVWHLRDSDUHOKR (XJHVWHLRDSDUHOKR
'HVVHEHORMDUGLP 'HVVHEHORMDUGLP
(XVRXIORUPDWHUQD (XVRXIORUPDWHUQD
 
4XHPHIL]HVWHWHU 4XHPHIL]HVWHWHU
2GHVVDFULDQFLQKD 2GHVVDFULDQFLQKD
4XHGHVWLQRYDLVHU 4XHGHVWLQRYDLVHU
1RVVD6HQKRUDGR3DUWR 1RVVD6HQKRUDGR3DUWR

1RVVD6HQKRUDGR3DUWR 1RVVD6HQKRUDGR3DUWR
4XHGHVWLQRYDLVHU 4XHGHVWLQRYDLVHU
2GHVVDFULDQFLQKD 2GHVVDFULDQFLQKD
4XHPHIL]HVWHWHU 4XHPHIL]HVWHWHU
 
(XVRXIORUPDWHUQD (XVRXIORUPDWHUQD
'HVVHEHORMDUGLP 'HVVHEHORMDUGLP
(XJHVWHLRDSDUHOKR (XJHVWHLRDSDUHOKR
(RHVStULWRHVWiSRUYLU (RHVStULWRHVWiSRUYLU
 
0HXVHQKRU-HVXV&ULVWR 0HXVHQKRU-HVXV&ULVWR
5HLGHWRGRSRGHU 5HLGHWRGRSRGHU
0DQGHXPVHXGLVFtSXOR 0DQGHXPVHXGLVFtSXOR
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$WRGRVVHUHVGLYLQRV $WRGRVVHUHVGLYLQRV
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&RPRDVWURVQRFpX &RPRDVWURVQRFpX
4XHYmRVHXGHVWLQRUHJHU 4XHYmRVHXGHVWLQRUHJHU
 
 
 
 
 
 
 
6yYyVFRPVHXSRGHU 6yYyVFRPVHXSRGHU
6yYyVFRPVXDJOyULD 6yYyVFRPVXDJOyULD
6yYyVFRPVHXSRGHU 6yYyVFRPVHXSRGHU
6yYyVFRPVXDJOyULD 6yYyVFRPVXDJOyULD
 
3DUDHXSRGHUVHJXLU 3DUDHXSRGHUVHJXLU
$YRVVDVDQWDOX] $YRVVDVDQWDOX]
$YyVHXYRXSHGLU $YyVHXYRXSHGLU
2K0HXVHQKRU-HVXV 2K0HXVHQKRU-HVXV
 
6yYyVFRPVHXSRGHU 6yYyVFRPVHXSRGHU
6yYyVFRPVXDJOyULD 6yYyVFRPVXDJOyULD
6yYyVFRPVHXSRGHU 6yYyVFRPVHXSRGHU
6yYyVFRPVXDJOyULD 6yYyVFRPVXDJOyULD
 
 
0DUFKD 0DUFKD
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
*/5,$(32'(5(0'(86 BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
*/5,$(32'(5(0'(86

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0DUFKD 0DUFKD
 

 
6yYyVFRPVXDJOyULD 6yYyVFRPVXDJOyULD
6yYyVFRPVHXSRGHU 6yYyVFRPVHXSRGHU
6yYyVFRPVXDJOyULD 6yYyVFRPVXDJOyULD
6yYyVFRPVHXSRGHU 6yYyVFRPVHXSRGHU
 
2K0HXVHQKRU-HVXV 2K0HXVHQKRU-HVXV
$YyVHXYRXSHGLU $YyVHXYRXSHGLU
$YRVVDVDQWDOX] $YRVVDVDQWDOX]
3DUDHXSRGHUVHJXLU 3DUDHXSRGHUVHJXLU
 
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6yYyVFRPVHXSRGHU 6yYyVFRPVHXSRGHU
6yYyVFRPVXDJOyULD 6yYyVFRPVXDJOyULD
6yYyVFRPVHXSRGHU 6yYyVFRPVHXSRGHU
 
 
 
 
 
 
 
 
 
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1DGLYLQDOX]GRDPRU 1DGLYLQDOX]GRDPRU
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2K0HXVDOYDGRU 2K0HXVDOYDGRU
 
 
 

 
 
 
2K0HXVDOYDGRU 2K0HXVDOYDGRU
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BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
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9LHUDPFRQILUPDU 9LHUDPFRQILUPDU
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4XHFRQGX]DXQLmR 4XHFRQGX]DXQLmR
 
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4XHSRYRDPRFRUDomR 4XHSRYRDPRFRUDomR
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'HVVHHVStULWRWHQWDGRU 'HVVHHVStULWRWHQWDGRU
3DUDTXHYyVPHSURWHMD 3DUDTXHYyVPHSURWHMD
eILQFDUQRPHXVHWRU eILQFDUQRPHXVHWRU
1HVVDKRUDHXVyGHVHMR 1HVVDKRUDHXVyGHVHMR
 
3DUDHXQmRPHH[WUDYLDU 3DUDHXQmRPHH[WUDYLDU
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3UDHXILFDUQRPHXOXJDU 3UDHXILFDUQRPHXOXJDU
2K0HXPHVWUHPHGrIRUoD 2K0HXPHVWUHPHGrIRUoD
 
 
 

 
 
 
2K0HXPHVWUHPHGrIRUoD 2K0HXPHVWUHPHGrIRUoD
3UDHXILFDUQRPHXOXJDU 3UDHXILFDUQRPHXOXJDU
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3DUDHXQmRPHH[WUDYLDU 3DUDHXQmRPHH[WUDYLDU
 
1HVVDKRUDHXVyGHVHMR 1HVVDKRUDHXVyGHVHMR
eILQFDUQRPHXVHWRU eILQFDUQRPHXVHWRU
3DUDTXHYyVPHSURWHMD 3DUDTXHYyVPHSURWHMD
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$JUDGHoRD6mR-RmR $JUDGHoRD6mR-RmR
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'R,PSpULR-XUDPLGDP 'R,PSpULR-XUDPLGDP
 
 
 
 
 
 
 
 
 
3DUDWRGRVRVILOKRVGH'HXV 3DUDWRGRVRVILOKRVGH'HXV
5RJRMXVWLoDHDPRU 5RJRMXVWLoDHDPRU
$PLQKDIpQRSDLFULDGRU $PLQKDIpQRSDLFULDGRU
3HGLQGRHXHVWRXDILUPDQGR 3HGLQGRHXHVWRXDILUPDQGR
 
4XHURQGDPRPHXFRUDomR 4XHURQGDPRPHXFRUDomR
3UD-HVXVDIDVWDUDVVRPEUDV 3UD-HVXVDIDVWDUDVVRPEUDV
3DUDREWHUDVDOYDomR 3DUDREWHUDVDOYDomR
(XUH]RFRPIHUYRUUHGREUDGR (XUH]RFRPIHUYRUUHGREUDGR
 
4XDQGRHXHVWRXDIOLWR 4XDQGRHXHVWRXDIOLWR
eHOHTXHPHSURWHJH eHOHTXHPHSURWHJH
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*OyULDD'HXVTXHHVWiQRVFpXV *OyULDD'HXVTXHHVWiQRVFpXV
 
 
(OLDQH9DOVD (OLDQH9DOVD
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
52*$7,92 BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
52*$7,92

52*$7,92
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB 52*$7,92
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
(OLDQH9DOVD (OLDQH9DOVD
 

 
*OyULDD'HXVTXHHVWiQRVFpXV *OyULDD'HXVTXHHVWiQRVFpXV
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eHOHTXHPHSURWHJH eHOHTXHPHSURWHJH
4XDQGRHXHVWRXDIOLWR 4XDQGRHXHVWRXDIOLWR
 
(XUH]RFRPIHUYRUUHGREUDGR (XUH]RFRPIHUYRUUHGREUDGR
3DUDREWHUDVDOYDomR 3DUDREWHUDVDOYDomR
3UD-HVXVDIDVWDUDVVRPEUDV 3UD-HVXVDIDVWDUDVVRPEUDV
4XHURQGDPRPHXFRUDomR 4XHURQGDPRPHXFRUDomR
 
3HGLQGRHXHVWRXDILUPDQGR 3HGLQGRHXHVWRXDILUPDQGR
$PLQKDIpQRSDLFULDGRU $PLQKDIpQRSDLFULDGRU
5RJRMXVWLoDHDPRU 5RJRMXVWLoDHDPRU
3DUDWRGRVRVILOKRVGH'HXV 3DUDWRGRVRVILOKRVGH'HXV
 
 
 
 
 
 
 
 
eSUHFLVRXQLmR eSUHFLVRXQLmR
3UDVXVWHQWDUHVVHVHJUHGR 3UDVXVWHQWDUHVVHVHJUHGR
(DPDQVDURFRUDomR (DPDQVDURFRUDomR
9DPRVWRGRVVHOLPSDU 9DPRVWRGRVVHOLPSDU
 
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$FRUDJHPTXHFRQKHoR $FRUDJHPTXHFRQKHoR
'ROXJDUTXHQyV]HODPRV 'ROXJDUTXHQyV]HODPRV
3UHFLVmRpFRQVFLrQFLD 3UHFLVmRpFRQVFLrQFLD
 
0DVWHQKRTXHFKHJDU 0DVWHQKRTXHFKHJDU
6RXWHPSRHQXQFDSDUR 6RXWHPSRHQXQFDSDUR
(XYRXPHDSUHVHQWDU (XYRXPHDSUHVHQWDU
8PGLDTXHQmRWDUGD 8PGLDTXHQmRWDUGD
 
 
0DUFKD 0DUFKD
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
e7(032'()e BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
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e7(032'()e
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB e7(032'()e
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
0DUFKD 0DUFKD
 

 
8PGLDTXHQmRWDUGD 8PGLDTXHQmRWDUGD
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6RXWHPSRHQXQFDSDUR 6RXWHPSRHQXQFDSDUR
0DVWHQKRTXHFKHJDU 0DVWHQKRTXHFKHJDU
 
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eDIpTXHVXVWHQWDPRV eDIpTXHVXVWHQWDPRV
 
9DPRVWRGRVVHOLPSDU 9DPRVWRGRVVHOLPSDU
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3UDVXVWHQWDUHVVHVHJUHGR 3UDVXVWHQWDUHVVHVHJUHGR
eSUHFLVRXQLmR eSUHFLVRXQLmR
 
 
 
 
 
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eXPGRPGRFULDGRU eXPGRPGRFULDGRU
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1DFDVDGDPmHFHOHVWH 1DFDVDGDPmHFHOHVWH
 
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0HGLVVROYRHPWRGDVHVWUHODV 0HGLVVROYRHPWRGDVHVWUHODV
 
$IORUHVWDHRPDU $IORUHVWDHRPDU
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2VDEHUTXHHODPHGi 2VDEHUTXHHODPHGi
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0DUFKD 0DUFKD
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
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26$%(5'$0217$1+$
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB 26$%(5'$0217$1+$
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
0DUFKD 0DUFKD
 
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2VDEHUTXHHODPHGi 2VDEHUTXHHODPHGi
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$IORUHVWDHRPDU $IORUHVWDHRPDU
 
0HGLVVROYRHPWRGDVHVWUHODV 0HGLVVROYRHPWRGDVHVWUHODV
(VWRXSURFXUDQGRRXP (VWRXSURFXUDQGRRXP
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eGRPHXHXVXSHULRU eGRPHXHXVXSHULRU
 
1DFDVDGDPmHFHOHVWH 1DFDVDGDPmHFHOHVWH
)RLTXHYLWRGRSULPRU )RLTXHYLWRGRSULPRU
/iRVHUTXHH[LVWLD /iRVHUTXHH[LVWLD
0HQXWULDGHDPRU 0HQXWULDGHDPRU
 
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eXPGRPGRFULDGRU eXPGRPGRFULDGRU
(XVRXWXGRTXHH[LVWH (XVRXWXGRTXHH[LVWH
(YRXYHQFHUSUDVHUPHOKRU (YRXYHQFHUSUDVHUPHOKRU
 
 
 
 
 
 
 
 
4XHpSUDQyVVHDOLDU 4XHpSUDQyVVHDOLDU
4XHDVOLQKDVHVWmRDEHUWDV 4XHDVOLQKDVHVWmRDEHUWDV
(OHYHLRDQXQFLDU (OHYHLRDQXQFLDU
9LYDRUHL2JXP 9LYDRUHL2JXP
 
*XHUUHLURPHOKRUQmRKi *XHUUHLURPHOKRUQmRKi
&RPVHXFDYDOREUDQFR &RPVHXFDYDOREUDQFR
6mR-RUJHDTXLHVWi 6mR-RUJHDTXLHVWi
6mR-RUJHHVWiDTXL 6mR-RUJHHVWiDTXL
 
 
 
 
;0DUFKD ;0DUFKD
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
32172'(62-25*( BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
32172'(62-25*(

32172'(62-25*(
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB 32172'(62-25*(
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
;0DUFKD ;0DUFKD
 
 
 
 
6mR-RUJHHVWiDTXL 6mR-RUJHHVWiDTXL
6mR-RUJHDTXLHVWi 6mR-RUJHDTXLHVWi
&RPVHXFDYDOREUDQFR &RPVHXFDYDOREUDQFR
*XHUUHLURPHOKRUQmRKi *XHUUHLURPHOKRUQmRKi
 
9LYDRUHL2JXP 9LYDRUHL2JXP
(OHYHLRDQXQFLDU (OHYHLRDQXQFLDU
4XHDVOLQKDVHVWmRDEHUWDV 4XHDVOLQKDVHVWmRDEHUWDV
4XHpSUDQyVVHDOLDU 4XHpSUDQyVVHDOLDU
 
 
 
 
 
 
 
 
4XHpPmHHpILOKRWDPEpP 4XHpPmHHpILOKRWDPEpP
(VVHSRGHUTXHpSDL (VVHSRGHUTXHpSDL
'HWRGDVHVWUHODVDPpP 'HWRGDVHVWUHODVDPpP
'HQWURGHVVHSULPRU 'HQWURGHVVHSULPRU
 
4XHpPmHHpILOKDGHPLP 4XHpPmHHpILOKDGHPLP
(VVHSRGHUTXHpPmH (VVHSRGHUTXHpPmH
1RIXQGRGRPHXFRUDomR 1RIXQGRGRPHXFRUDomR
'D/XDHXUHFHERROXDU 'D/XDHXUHFHERROXDU
 
4XHpSDLHpILOKRGHPLP 4XHpSDLHpILOKRGHPLP
(VVHSRGHUTXHpSDL (VVHSRGHUTXHpSDL
)RLTXHPPHGHXHVVDOX] )RLTXHPPHGHXHVVDOX]
(XDJUDGHoRDR6RO (XDJUDGHoRDR6RO
 
4XHpSDLHpILOKRGHPLP 4XHpSDLHpILOKRGHPLP
(VVHSRGHUTXHpSDL (VVHSRGHUTXHpSDL
4XHpSDLHpILOKRGHPLP 4XHpSDLHpILOKRGHPLP
(VVHSRGHUTXHpSDL (VVHSRGHUTXHpSDL
 
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BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
$6756)$&(6'232'(5 BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
$6756)$&(6'232'(5

$6756)$&(6'232'(5
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB $6756)$&(6'232'(5
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
6{QLD0DUFKD 6{QLD0DUFKD
 
(VVHSRGHUTXHpSDL (VVHSRGHUTXHpSDL
4XHpSDLHpILOKRGHPLP 4XHpSDLHpILOKRGHPLP
(VVHSRGHUTXHpSDL (VVHSRGHUTXHpSDL
4XHpSDLHpILOKRGHPLP 4XHpSDLHpILOKRGHPLP
 
(XDJUDGHoRDR6RO (XDJUDGHoRDR6RO
)RLTXHPPHGHXHVVDOX] )RLTXHPPHGHXHVVDOX]
(VVHSRGHUTXHpSDL (VVHSRGHUTXHpSDL
4XHpSDLHpILOKRGHPLP 4XHpSDLHpILOKRGHPLP
 
'D/XDHXUHFHERROXDU 'D/XDHXUHFHERROXDU
1RIXQGRGRPHXFRUDomR 1RIXQGRGRPHXFRUDomR
(VVHSRGHUTXHpPmH (VVHSRGHUTXHpPmH
4XHpPmHHpILOKDGHPLP 4XHpPmHHpILOKDGHPLP
 
'HQWURGHVVHSULPRU 'HQWURGHVVHSULPRU
'HWRGDVHVWUHODVDPpP 'HWRGDVHVWUHODVDPpP
(VVHSRGHUTXHpSDL (VVHSRGHUTXHpSDL
4XHpPmHHpILOKRWDPEpP 4XHpPmHHpILOKRWDPEpP
 
 
 
 
 
 
 
3DUDTXHPEXVFDDSHUIHLomR 3DUDTXHPEXVFDDSHUIHLomR
0LQKDFDVDHVWiDEHUWD 0LQKDFDVDHVWiDEHUWD
'R&RUGHLURDPDQVLGmR 'R&RUGHLURDPDQVLGmR
(XEXVFRDSD] (XEXVFRDSD]
 
(OHTXHUQRVYHUIHOL] (OHTXHUQRVYHUIHOL]
eRPHVWUH,PSpULR eRPHVWUH,PSpULR
4XHPPHPDQGD 4XHPPHPDQGD
$FDEDURTXHMiIL] $FDEDURTXHMiIL]
(XYLPHXYLP (XYLPHXYLP
 
 
 
 
5RVD0DUFKD 5RVD0DUFKD
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
%86&$'(3$= BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
%86&$'(3$=

%86&$'(3$=
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB %86&$'(3$=
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
5RVD0DUFKD 5RVD0DUFKD
 
 
 
 
(XYLPHXYLP (XYLPHXYLP
$FDEDURTXHMiIL] $FDEDURTXHMiIL]
4XHPPHPDQGD 4XHPPHPDQGD
eRPHVWUH,PSpULR eRPHVWUH,PSpULR
(OHTXHUQRVYHUIHOL] (OHTXHUQRVYHUIHOL]
 
(XEXVFRDSD] (XEXVFRDSD]
'R&RUGHLURDPDQVLGmR 'R&RUGHLURDPDQVLGmR
0LQKDFDVDHVWiDEHUWD 0LQKDFDVDHVWiDEHUWD
3DUDTXHPEXVFDDSHUIHLomR 3DUDTXHPEXVFDDSHUIHLomR
 
 
 
 
 
 
 
 
 
 
 
 
 
1RFRUDomR 1RFRUDomR
3UDJHUPLQDU 3UDJHUPLQDU
eR&ULVWRHPFDGDXP eR&ULVWRHPFDGDXP
eDIRUoDGH6mR-RmR eDIRUoDGH6mR-RmR
(VVDVHPHQWH (VVDVHPHQWH
 
&RPRHOHpMXVWR &RPRHOHpMXVWR
(YHMDEHP (YHMDEHP
'HSRLVROKHSDUDRVRO 'HSRLVROKHSDUDRVRO
$TXLGHQWURGHVVDIUXWD $TXLGHQWURGHVVDIUXWD
'HVFXEUD'HXV 'HVFXEUD'HXV
 
 
 
 

 
 
 
 
'HVFXEUD'HXV 'HVFXEUD'HXV
$TXLGHQWURGHVVDIUXWD $TXLGHQWURGHVVDIUXWD
'HSRLVROKHSDUDRVRO 'HSRLVROKHSDUDRVRO
(YHMDEHP (YHMDEHP
&RPRHOHpMXVWR &RPRHOHpMXVWR
 
(VVDVHPHQWH (VVDVHPHQWH
eDIRUoDGH6mR-RmR eDIRUoDGH6mR-RmR
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1RFRUDomR 1RFRUDomR
 
 
 
 
 
 
 
 
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$SUHQGDPDVHSDUDU $SUHQGDPDVHSDUDU
)RLFULDGRQRDVWUDO )RLFULDGRQRDVWUDO
7XGRTXHSHQVDPRV 7XGRTXHSHQVDPRV
 
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'HFLIUDUFDGDVHJUHGR 'HFLIUDUFDGDVHJUHGR
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$YLGDpXPMRJR $YLGDpXPMRJR
 
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6HHUUDUVHFDLQRFKmR 6HHUUDUVHFDLQRFKmR
 
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0HXLUPmRRVDEHUGH6DORPmR 0HXLUPmRRVDEHUGH6DORPmR
0HXLUPmRDFLrQFLDpGD5DLQKD 0HXLUPmRDFLrQFLDpGD5DLQKD
 
0HXLUPmRQyVWHPRVTXHYHQFHU 0HXLUPmRQyVWHPRVTXHYHQFHU
4XHMXQWRFRPDYLUJHPPmH 4XHMXQWRFRPDYLUJHPPmH
0HXLUPmRVXVWHQWDHVVHVDEHU 0HXLUPmRVXVWHQWDHVVHVDEHU
0HXLUPmRVXVWHQWDHVVDSXUH]D 0HXLUPmRVXVWHQWDHVVDSXUH]D
 
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0HXVLUPmRVTXHPQmRPHREHGHFHU 0HXVLUPmRVTXHPQmRPHREHGHFHU
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0HXLUPmRDTXLHVWRXGL]HQGR 0HXLUPmRDTXLHVWRXGL]HQGR
 
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0HXLUPmRWUDQTXHHVVHDSDUHOKR 0HXLUPmRWUDQTXHHVVHDSDUHOKR
0HXLUPmRYyVVyWHQKDDPRU 0HXLUPmRYyVVyWHQKDDPRU
0HXLUPmRVXVWHQWDHVVDILUPH]D 0HXLUPmRVXVWHQWDHVVDILUPH]D
 
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0HXLUPmRYyVVyWHQKDDPRU 0HXLUPmRYyVVyWHQKDDPRU
0HXLUPmRWUDQTXHHVVHDSDUHOKR 0HXLUPmRWUDQTXHHVVHDSDUHOKR
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0HXLUPmRDTXLHVWRXGL]HQGR 0HXLUPmRDTXLHVWRXGL]HQGR
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0HXVLUPmRVTXHPQmRPHREHGHFHU 0HXVLUPmRVTXHPQmRPHREHGHFHU
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0HXLUPmRVXVWHQWDHVVHVDEHU 0HXLUPmRVXVWHQWDHVVHVDEHU
4XHMXQWRFRPDYLUJHPPmH 4XHMXQWRFRPDYLUJHPPmH
0HXLUPmRQyVWHPRVTXHYHQFHU 0HXLUPmRQyVWHPRVTXHYHQFHU
 
0HXLUPmRDFLrQFLDpGD5DLQKD 0HXLUPmRDFLrQFLDpGD5DLQKD
0HXLUPmRRVDEHUGH6DORPmR 0HXLUPmRRVDEHUGH6DORPmR
(RPDLRU'HXVGRXQLYHUVR (RPDLRU'HXVGRXQLYHUVR
eRQRVVRHXHPRXWUDGLPHQVmR eRQRVVRHXHPRXWUDGLPHQVmR
 
 
 
 
 
)HOL]HPPHXOXJDU )HOL]HPPHXOXJDU
4XHHXHVWRXDTXL 4XHHXHVWRXDTXL
3UDHXDFUHGLWDU 3UDHXDFUHGLWDU
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$TXLDTXLHVWRX $TXLDTXLHVWRX
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0HOLYUDGHWRGRPDO 0HOLYUDGHWRGRPDO
0HXDQMRPHSURWHJH 0HXDQMRPHSURWHJH
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$TXLYRXWHUPLQDU $TXLYRXWHUPLQDU
 
1mRGHYRPHDVVXVWDU 1mRGHYRPHDVVXVWDU
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2EULOKRGHVWDIRUoD 2EULOKRGHVWDIRUoD
 
 
 
 
 

 
 
 
 
 
2EULOKRGHVWDIRUoD 2EULOKRGHVWDIRUoD
eTXHHXWDPEpPHVWRXOi eTXHHXWDPEpPHVWRXOi
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1mRGHYRPHDVVXVWDU 1mRGHYRPHDVVXVWDU
 
$TXLYRXWHUPLQDU $TXLYRXWHUPLQDU
3XUH]DGHFULVWDO 3XUH]DGHFULVWDO
0HXDQMRPHSURWHJH 0HXDQMRPHSURWHJH
0HOLYUDGHWRGRPDO 0HOLYUDGHWRGRPDO
 
 
 
 
 
 
 
 
 
 
 
 
&RPRPDOQmRWHQKRWUDWR &RPRPDOQmRWHQKRWUDWR
6LJRILUPHFRP6mR0LJXHO 6LJRILUPHFRP6mR0LJXHO
3HODFUX]VHPSUHFRPEDWR 3HODFUX]VHPSUHFRPEDWR
1D-XGpLDMiOXWHL 1D-XGpLDMiOXWHL
 
3UDUHFHEHUFRPDOHJULD 3UDUHFHEHUFRPDOHJULD
9RVDSUHVHQWRRPHXDPRU 9RVDSUHVHQWRRPHXDPRU
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$RVHQKRU'HXVHXGRXORXYRU $RVHQKRU'HXVHXGRXORXYRU
 
8PGLDVHFXPSULU 8PGLDVHFXPSULU
3DUDRWHPSRGH-XUDPLGDP 3DUDRWHPSRGH-XUDPLGDP
7DPEpPHVWiHP'DYL 7DPEpPHVWiHP'DYL
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'DYL0DUFKD 'DYL0DUFKD
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'DYL0DUFKD 'DYL0DUFKD
 
 
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7DPEpPHVWiHP'DYL 7DPEpPHVWiHP'DYL
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8PGLDVHFXPSULU 8PGLDVHFXPSULU
 
$RVHQKRU'HXVHXGRXORXYRU $RVHQKRU'HXVHXGRXORXYRU
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1D-XGpLDMiOXWHL 1D-XGpLDMiOXWHL
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6LJRILUPHFRP6mR0LJXHO 6LJRILUPHFRP6mR0LJXHO
&RPRPDOQmRWHQKRWUDWR &RPRPDOQmRWHQKRWUDWR
 
 
 
 
 
 
 
 
 
 
 
 
(XPHDSUHVHQWRDTXL (XPHDSUHVHQWRDTXL
$RFRPDQGDQWH6mR-RmR $RFRPDQGDQWH6mR-RmR
7DPEpPHVWiHPPLP 7DPEpPHVWiHPPLP
(VWiQRUHL'DYL (VWiQRUHL'DYL
 
(QRVDOmRSDVVRUHYLVWD (QRVDOmRSDVVRUHYLVWD
(XYROWHLHPVXDWURSD (XYROWHLHPVXDWURSD
$JRUDMXURXDR&ULVWR $JRUDMXURXDR&ULVWR
4XHPMiVHUYLXDRVHQKRU 4XHPMiVHUYLXDRVHQKRU
 
 
 
 
 

 
 
 
 
 
4XHPMiVHUYLXDRVHQKRU 4XHPMiVHUYLXDRVHQKRU
$JRUDMXURXDR&ULVWR $JRUDMXURXDR&ULVWR
(XYROWHLHPVXDWURSD (XYROWHLHPVXDWURSD
(QRVDOmRSDVVRUHYLVWD (QRVDOmRSDVVRUHYLVWD
 
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7DPEpPHVWiHPPLP 7DPEpPHVWiHPPLP
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3DUDVDEHUDRQGHHVWRX 3DUDVDEHUDRQGHHVWRX
6LJDRYRRGHVVDDYH 6LJDRYRRGHVVDDYH
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6LQWDRFKHLURGHMDVPLP 6LQWDRFKHLURGHMDVPLP
9HMDDIRUPDYHUGHHURVD 9HMDDIRUPDYHUGHHURVD
7XWDPEpPHVWiHPPLP 7XWDPEpPHVWiHPPLP
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4XHHXPHFKDPRp7DUXPLP 4XHHXPHFKDPRp7DUXPLP
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4XHSURWHJHHVVHMDUGLP 4XHSURWHJHHVVHMDUGLP
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0G&ULVWLQD0DUFKD 0G&ULVWLQD0DUFKD
 

 
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7XWDPEpPHVWiHPPLP 7XWDPEpPHVWiHPPLP
9HMDDIRUPDYHUGHHURVD 9HMDDIRUPDYHUGHHURVD
6LQWDRFKHLURGHMDVPLP 6LQWDRFKHLURGHMDVPLP
 
0LQKDPmHYyVPDLVRPHVWUH 0LQKDPmHYyVPDLVRPHVWUH
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6LJDRYRRGHVVDDYH 6LJDRYRRGHVVDDYH
3DUDVDEHUDRQGHHVWRX 3DUDVDEHUDRQGHHVWRX
 
 
 
 
 
 
 
 
 
 
 
 
-XQWRDYyVTXHPHEULQGRX -XQWRDYyVTXHPHEULQGRX
4XHURDPDUDQRVVDPmH 4XHURDPDUDQRVVDPmH
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7DUXPLPYyVVRLVSULQFHVD 7DUXPLPYyVVRLVSULQFHVD
 
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'RXWULEXWRDWRGRVVHUHV 'RXWULEXWRDWRGRVVHUHV
(XPHOLJRQRDVWUDO (XPHOLJRQRDVWUDO
(PWXDIRUoDFULVWDOLQD (PWXDIRUoDFULVWDOLQD
 
 
 
 
 

 
 
 
 
 
(PWXDIRUoDFULVWDOLQD (PWXDIRUoDFULVWDOLQD
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4XHRPHVWUHYHPPDQVLQKR 4XHRPHVWUHYHPPDQVLQKR
eFKRUDUHWHUUHPRUVR eFKRUDUHWHUUHPRUVR
1HVVDKRUDGHDJRQLD 1HVVDKRUDGHDJRQLD
 
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1HVVDKRUDGHDJRQLD 1HVVDKRUDGHDJRQLD
eFKRUDUHWHUUHPRUVR eFKRUDUHWHUUHPRUVR
4XHRPHVWUHYHPPDQVLQKR 4XHRPHVWUHYHPPDQVLQKR
5HFHEHUQRVVRVHVIRUoRV 5HFHEHUQRVVRVHVIRUoRV
 
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4XHRPHVWUHQRVDPSDUD 4XHRPHVWUHQRVDPSDUD
1RVGiYLGDDWpQDPRUWH 1RVGiYLGDDWpQDPRUWH
 
 
7HPTXHVHFRQIRUPDU 7HPTXHVHFRQIRUPDU
9LYHXHVWiHPPLP 9LYHXHVWiHPPLP
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(XVRXXPERPPHVWUH (XVRXXPERPPHVWUH
 
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7UD]DPLQKDPDUFD 7UD]DPLQKDPDUFD
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(XFULHLRWHPSR (XFULHLRWHPSR
)RLSDUDDSDJDU )RLSDUDDSDJDU
2VYHVWtJLRVGRYHOKR 2VYHVWtJLRVGRYHOKR
3DUDRQRYRFKHJDU 3DUDRQRYRFKHJDU
 
(XVRXXPERPPHVWUH (XVRXXPERPPHVWUH
(PWRGROXJDU (PWRGROXJDU
9LYHXHVWiHPPLP 9LYHXHVWiHPPLP
7HPTXHVHFRQIRUPDU 7HPTXHVHFRQIRUPDU
 
 
 
 
7RGRVVHUHVGRDOWR 7RGRVVHUHVGRDOWR
6mR-RmR-HVXV&ULVWR 6mR-RmR-HVXV&ULVWR
(DYLUJHPDRODGR (DYLUJHPDRODGR
&RPPHXSDLQDIUHQWH &RPPHXSDLQDIUHQWH
 
+DYHUiGHYHQFHU +DYHUiGHYHQFHU
4XHRQRVVRLPSpULR 4XHRQRVVRLPSpULR
9DPRVREHGHFHU 9DPRVREHGHFHU
$EDWDOKDSHVRX $EDWDOKDSHVRX
 
&REUDURMXUDPHQWR &REUDURMXUDPHQWR
eKRUDGRPHVWUH eKRUDGRPHVWUH
(ILUPRQRWHPSR (ILUPRQRWHPSR
6yIDORDYHUGDGH 6yIDORDYHUGDGH
 
$RVTXHIRUHUUDU $RVTXHIRUHUUDU
(GDUXPDFKDQFH (GDUXPDFKDQFH
)RLSDUDMXOJDU )RLSDUDMXOJDU
(XFULHLRWHPSR (XFULHLRWHPSR

(XFULHLRWHPSR (XFULHLRWHPSR
)RLSDUDMXOJDU )RLSDUDMXOJDU
(GDUXPDFKDQFH (GDUXPDFKDQFH
$RVTXHIRUHUUDU $RVTXHIRUHUUDU
 
6yIDORDYHUGDGH 6yIDORDYHUGDGH
(ILUPRQRWHPSR (ILUPRQRWHPSR
eKRUDGRPHVWUH eKRUDGRPHVWUH
&REUDURMXUDPHQWR &REUDURMXUDPHQWR
 
$EDWDOKDSHVRX $EDWDOKDSHVRX
9DPRVREHGHFHU 9DPRVREHGHFHU
4XHRQRVVRLPSpULR 4XHRQRVVRLPSpULR
+DYHUiGHYHQFHU +DYHUiGHYHQFHU
 
&RPPHXSDLQDIUHQWH &RPPHXSDLQDIUHQWH
(DYLUJHPDRODGR (DYLUJHPDRODGR
6mR-RmR-HVXV&ULVWR 6mR-RmR-HVXV&ULVWR
7RGRVVHUHVGRDOWR 7RGRVVHUHVGRDOWR
 
 
 
 
 
 
3RUDPRUD6mR-RmR 3RUDPRUD6mR-RmR
eVHWUDQVIRUPDQGR eVHWUDQVIRUPDQGR
eRUDQGRpVHSHUGRDQGR eRUDQGRpVHSHUGRDQGR
 
3HODVDOYDomR 3HODVDOYDomR
$QRVVDUDLQKD $QRVVDUDLQKD
eORXYDQGRpSHGLQGRpURJDQGR eORXYDQGRpSHGLQGRpURJDQGR
 
(PEDL[RHHPFLPD (PEDL[RHHPFLPD
2TXHHVWDPRVID]HQGR 2TXHHVWDPRVID]HQGR
9DPRVWRGRVHQWHQGHUDGRXWULQD 9DPRVWRGRVHQWHQGHUDGRXWULQD
 
3DVVDUSURYDomR 3DVVDUSURYDomR
&RQILDUQRFRPDQGR &RQILDUQRFRPDQGR
9DPRVWRGRVVHJXLUPHXVLUPmRV 9DPRVWRGRVVHJXLUPHXVLUPmRV
 
 
-RDTXLP9DOVD -RDTXLP9DOVD
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
$/(57$ BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
$/(57$

$/(57$
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB $/(57$
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
-RDTXLP9DOVD -RDTXLP9DOVD
 

 
9DPRVWRGRVVHJXLUPHXVLUPmRV 9DPRVWRGRVVHJXLUPHXVLUPmRV
&RQILDUQRFRPDQGR &RQILDUQRFRPDQGR
3DVVDUSURYDomR 3DVVDUSURYDomR
 
9DPRVWRGRVHQWHQGHUDGRXWULQD 9DPRVWRGRVHQWHQGHUDGRXWULQD
2TXHHVWDPRVID]HQGR 2TXHHVWDPRVID]HQGR
(PEDL[RHHPFLPD (PEDL[RHHPFLPD
 
eORXYDQGRpSHGLQGRpURJDQGR eORXYDQGRpSHGLQGRpURJDQGR
$QRVVDUDLQKD $QRVVDUDLQKD
3HODVDOYDomR 3HODVDOYDomR
 
eRUDQGRpVHSHUGRDQGR eRUDQGRpVHSHUGRDQGR
eVHWUDQVIRUPDQGR eVHWUDQVIRUPDQGR
3RUDPRUD6mR-RmR 3RUDPRUD6mR-RmR
 
 
 
 
 
 
 
 
 
 
3UDQHVVDFDVDPRUDU 3UDQHVVDFDVDPRUDU
6HDSHUIHLoRHPORJR 6HDSHUIHLoRHPORJR
$JUDGHoDPLUPmRVRUJXOKRVRV $JUDGHoDPLUPmRVRUJXOKRVRV
 
2VTXHLUmRFKHJDU 2VTXHLUmRFKHJDU
(PHS{VDFROKHU (PHS{VDFROKHU
)RLHOHTXHYHLRFKDPDU )RLHOHTXHYHLRFKDPDU
 
$TXLQHVVDPRQWDQKD $TXLQHVVDPRQWDQKD
(OHHVWiHPPHXWHUUHLUR (OHHVWiHPPHXWHUUHLUR
6mRMRmRpTXHPPHDFRPSDQKD 6mRMRmRpTXHPPHDFRPSDQKD
 
 
 
 

 
 
 
 
6mRMRmRpTXHPPHDFRPSDQKD 6mRMRmRpTXHPPHDFRPSDQKD
(OHHVWiHPPHXWHUUHLUR (OHHVWiHPPHXWHUUHLUR
$TXLQHVVDPRQWDQKD $TXLQHVVDPRQWDQKD
 
)RLHOHTXHYHLRFKDPDU )RLHOHTXHYHLRFKDPDU
(PHS{VDFROKHU (PHS{VDFROKHU
2VTXHLUmRFKHJDU 2VTXHLUmRFKHJDU
 
$JUDGHoDPLUPmRVRUJXOKRVRV $JUDGHoDPLUPmRVRUJXOKRVRV
6HDSHUIHLoRHPORJR 6HDSHUIHLoRHPORJR
3UDQHVVDFDVDPRUDU 3UDQHVVDFDVDPRUDU
 
 
 
 
 
 
 
 
3UDYROWDUDVHURTXHTXHULD 3UDYROWDUDVHURTXHTXHULD
4XHPSXGHUFRQWHPSOHHVVDJOyULD 4XHPSXGHUFRQWHPSOHHVVDJOyULD
(VWDPRVGHQWURGDVREHUDQLD (VWDPRVGHQWURGDVREHUDQLD
0HXVLUPmRVHPLQKDVLUPmV 0HXVLUPmRVHPLQKDVLUPmV
 
'DUDLQKDHGRSDLRQLSRWHQWH 'DUDLQKDHGRSDLRQLSRWHQWH
'H-HVXV&ULVWRRGRQRGRDPRU 'H-HVXV&ULVWRRGRQRGRDPRU
$SUHQGHPRVRYDORUGHVVDFLrQFLD $SUHQGHPRVRYDORUGHVVDFLrQFLD
$JRUDTXHSDVVDPRV $JRUDTXHSDVVDPRV
0HXVFRPSDQKHLURV 0HXVFRPSDQKHLURV
 
3UDTXHRLQLPLJRQRVDOmRQmRHQWUH 3UDTXHRLQLPLJRQRVDOmRQmRHQWUH
3HoRDWRGRVIHFKDUHVVDSDVVDJHP 3HoRDWRGRVIHFKDUHVVDSDVVDJHP
9DPRVWRGRVID]HUHVVDFRUUHQWH 9DPRVWRGRVID]HUHVVDFRUUHQWH
0HXVLUPmRVHPLQKDVLUPmV 0HXVLUPmRVHPLQKDVLUPmV
 
'HL[DUTXH'HXVGRPLQHDQRVVDPHQWH 'HL[DUTXH'HXVGRPLQHDQRVVDPHQWH
3UDWRGRVQyVID]HUHVVDSDVVDJHP 3UDWRGRVQyVID]HUHVVDSDVVDJHP
9DPRVWRGRVIHFKDUQDFRUUHQWH 9DPRVWRGRVIHFKDUQDFRUUHQWH
0HXVLUPmRVHPLQKDVLUPmV 0HXVLUPmRVHPLQKDVLUPmV
 
3DWUtFLD0DUFKD 3DWUtFLD0DUFKD
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
3$66$*(0 BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
3$66$*(0

3$66$*(0
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB 3$66$*(0
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
3DWUtFLD0DUFKD 3DWUtFLD0DUFKD
 
0HXVLUPmRVHPLQKDVLUPmV 0HXVLUPmRVHPLQKDVLUPmV
9DPRVWRGRVIHFKDUQDFRUUHQWH 9DPRVWRGRVIHFKDUQDFRUUHQWH
3UDWRGRVQyVID]HUHVVDSDVVDJHP 3UDWRGRVQyVID]HUHVVDSDVVDJHP
'HL[DUTXH'HXVGRPLQHDQRVVDPHQWH 'HL[DUTXH'HXVGRPLQHDQRVVDPHQWH
 
0HXVLUPmRVHPLQKDVLUPmV 0HXVLUPmRVHPLQKDVLUPmV
9DPRVWRGRVID]HUHVVDFRUUHQWH 9DPRVWRGRVID]HUHVVDFRUUHQWH
3HoRDWRGRVIHFKDUHVVDSDVVDJHP 3HoRDWRGRVIHFKDUHVVDSDVVDJHP
3UDTXHRLQLPLJRQRVDOmRQmRHQWUH 3UDTXHRLQLPLJRQRVDOmRQmRHQWUH
 
0HXVFRPSDQKHLURV 0HXVFRPSDQKHLURV
$JRUDTXHSDVVDPRV $JRUDTXHSDVVDPRV
$SUHQGHPRVRYDORUGHVVDFLrQFLD $SUHQGHPRVRYDORUGHVVDFLrQFLD
'H-HVXV&ULVWRRGRQRGRDPRU 'H-HVXV&ULVWRRGRQRGRDPRU
'DUDLQKDHGRSDLRQLSRWHQWH 'DUDLQKDHGRSDLRQLSRWHQWH
 
0HXVLUPmRVHPLQKDVLUPmV 0HXVLUPmRVHPLQKDVLUPmV
(VWDPRVGHQWURGDVREHUDQLD (VWDPRVGHQWURGDVREHUDQLD
4XHPSXGHUFRQWHPSOHHVVDJOyULD 4XHPSXGHUFRQWHPSOHHVVDJOyULD
3UDYROWDUDVHURTXHTXHULD 3UDYROWDUDVHURTXHTXHULD
 
 
6yQRHVSLULWXDO 6yQRHVSLULWXDO
0DMHVWDGHGDYLGD 0DMHVWDGHGDYLGD
'RTXHpUHDO 'RTXHpUHDO
(VWRXPHOHPEUDQGR (VWRXPHOHPEUDQGR
 
3DUDSRGHUYLYHU 3DUDSRGHUYLYHU
$YRQWDGHGH'HXV $YRQWDGHGH'HXV
eSDUDFXPSULU eSDUDFXPSULU
(VWRXQHVVDWHUUD (VWRXQHVVDWHUUD
 
$JRUDHVWiDTXL $JRUDHVWiDTXL
$YHUGDGHGDYLGD $YHUGDGHGDYLGD
3DUDSRGHUVHJXLU 3DUDSRGHUVHJXLU
eSUHFLVRORXYDU eSUHFLVRORXYDU
 
(GRGHSRLV (GRGHSRLV
0XLWRDQWHVGRWHPSR 0XLWRDQWHVGRWHPSR
eGRQRVVRSDL eGRQRVVRSDL
(VVHQRVVRLPSpULR (VVHQRVVRLPSpULR
 
0DULD6RFRUUR9DOVD 0DULD6RFRUUR9DOVD
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
129$$181&,$d2 BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
129$$181&,$d2

129$$181&,$d2
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB 129$$181&,$d2
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
0DULD6RFRUUR9DOVD 0DULD6RFRUUR9DOVD
 
(VVHQRVVRLPSpULR (VVHQRVVRLPSpULR
eGRQRVVRSDL eGRQRVVRSDL
0XLWRDQWHVGRWHPSR 0XLWRDQWHVGRWHPSR
(GRGHSRLV (GRGHSRLV
 
eSUHFLVRORXYDU eSUHFLVRORXYDU
3DUDSRGHUVHJXLU 3DUDSRGHUVHJXLU
$YHUGDGHGDYLGD $YHUGDGHGDYLGD
$JRUDHVWiDTXL $JRUDHVWiDTXL
 
(VWRXQHVVDWHUUD (VWRXQHVVDWHUUD
eSDUDFXPSULU eSDUDFXPSULU
$YRQWDGHGH'HXV $YRQWDGHGH'HXV
3DUDSRGHUYLYHU 3DUDSRGHUYLYHU
 
(VWRXPHOHPEUDQGR (VWRXPHOHPEUDQGR
'RTXHpUHDO 'RTXHpUHDO
0DMHVWDGHGDYLGD 0DMHVWDGHGDYLGD
6yQRHVSLULWXDO 6yQRHVSLULWXDO
 
 
7UDLDVLPHVPR 7UDLDVLPHVPR
4XHPWUDLRVHXPHVWUH 4XHPWUDLRVHXPHVWUH
6yYHPFRQILUPDQGR 6yYHPFRQILUPDQGR
(VWHKLQR (VWHKLQR
 
1mRGRPLQDDPHQWH 1mRGRPLQDDPHQWH
4XHPWUDLDVLPHVPR 4XHPWUDLDVLPHVPR
'DTXHOHMXUDPHQWR 'DTXHOHMXUDPHQWR
9DPRVOHPEUDU 9DPRVOHPEUDU
 
'DQRYDDQXQFLDomR 'DQRYDDQXQFLDomR
eFKHJDGRRWHPSR eFKHJDGRRWHPSR
eXPFULPHLOXVmR eXPFULPHLOXVmR
7RGDPDWpULD 7RGDPDWpULD
 
'RVRIULPHQWR 'RVRIULPHQWR
6HOHPEUHPGDVHQKD 6HOHPEUHPGDVHQKD
'HFXPSULUDSUHVHQoD 'HFXPSULUDSUHVHQoD
4XDQGRFKHJDURGLD 4XDQGRFKHJDURGLD
 
3URVILOKRVLUYROWDQGR 3URVILOKRVLUYROWDQGR
'HXVODQoDDVUHGHV 'HXVODQoDDVUHGHV
eRTXHHVWiVHSDVVDQGR eRTXHHVWiVHSDVVDQGR
(VVHWUDEDOKR (VVHWUDEDOKR

(VVHWUDEDOKR (VVHWUDEDOKR
eRTXHHVWiVHSDVVDQGR eRTXHHVWiVHSDVVDQGR
'HXVODQoDDVUHGHV 'HXVODQoDDVUHGHV
3URVILOKRVLUYROWDQGR 3URVILOKRVLUYROWDQGR
 
4XDQGRFKHJDURGLD 4XDQGRFKHJDURGLD
'HFXPSULUDSUHVHQoD 'HFXPSULUDSUHVHQoD
6HOHPEUHPGDVHQKD 6HOHPEUHPGDVHQKD
'RVRIULPHQWR 'RVRIULPHQWR
 
7RGDPDWpULD 7RGDPDWpULD
eXPFULPHLOXVmR eXPFULPHLOXVmR
eFKHJDGRRWHPSR eFKHJDGRRWHPSR
'DQRYDDQXQFLDomR 'DQRYDDQXQFLDomR
 
9DPRVOHPEUDU 9DPRVOHPEUDU
'DTXHOHMXUDPHQWR 'DTXHOHMXUDPHQWR
4XHPWUDLDVLPHVPR 4XHPWUDLDVLPHVPR
1mRGRPLQDDPHQWH 1mRGRPLQDDPHQWH
 
(VWHKLQR (VWHKLQR
6yYHPFRQILUPDQGR 6yYHPFRQILUPDQGR
4XHPWUDLRVHXPHVWUH 4XHPWUDLRVHXPHVWUH
7UDLDVLPHVPR 7UDLDVLPHVPR
 
 
3DUDDTXHOHTXHVHJXLX 3DUDDTXHOHTXHVHJXLX
(QVLQDQGRD6DQWD'RXWULQD (QVLQDQGRD6DQWD'RXWULQD
)RLHOHTXHPDEULX )RLHOHTXHPDEULX
(VWDHVWUDGDpGRPHVWUH (VWDHVWUDGDpGRPHVWUH
 
3DUDWRGRVGRXWULQDU 3DUDWRGRVGRXWULQDU
'DWHUUDHGDVPRQWDQKDV 'DWHUUDHGDVPRQWDQKDV
7DPEpPYLUmRGRPDU 7DPEpPYLUmRGRPDU
(OHVHVWmRYLQGRGRFpX (OHVHVWmRYLQGRGRFpX
 
3DUDRXYLUHHQVLQDU 3DUDRXYLUHHQVLQDU
6HSUHSDUHPDSDUHOKRV 6HSUHSDUHPDSDUHOKRV
3HODOLQKDGHYDJDU 3HODOLQKDGHYDJDU
2VHVStULWRVHVWmRFKHJDQGR 2VHVStULWRVHVWmRFKHJDQGR
 
4XHHXRXYLSXEOLFDU 4XHHXRXYLSXEOLFDU
8PDVSRXFDVSDODYUDV 8PDVSRXFDVSDODYUDV
(XTXHURGHFODUDU (XTXHURGHFODUDU
3HUDQWHHVWHPRPHQWR 3HUDQWHHVWHPRPHQWR
 
0D]XUFD 0D]XUFD
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
26(635,726(672&+(*$1'2 BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
26(635,726(672&+(*$1'2

26(635,726(672&+(*$1'2
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB 26(635,726(672&+(*$1'2
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
0D]XUFD 0D]XUFD
 
3HUDQWHHVWHPRPHQWR 3HUDQWHHVWHPRPHQWR
(XTXHURGHFODUDU (XTXHURGHFODUDU
8PDVSRXFDVSDODYUDV 8PDVSRXFDVSDODYUDV
4XHHXRXYLSXEOLFDU 4XHHXRXYLSXEOLFDU
 
2VHVStULWRVHVWmRFKHJDQGR 2VHVStULWRVHVWmRFKHJDQGR
3HODOLQKDGHYDJDU 3HODOLQKDGHYDJDU
6HSUHSDUHPDSDUHOKRV 6HSUHSDUHPDSDUHOKRV
3DUDRXYLUHHQVLQDU 3DUDRXYLUHHQVLQDU
 
(OHVHVWmRYLQGRGRFpX (OHVHVWmRYLQGRGRFpX
7DPEpPYLUmRGRPDU 7DPEpPYLUmRGRPDU
'DWHUUDHGDVPRQWDQKDV 'DWHUUDHGDVPRQWDQKDV
3DUDWRGRVGRXWULQDU 3DUDWRGRVGRXWULQDU
 
(VWDHVWUDGDpGRPHVWUH (VWDHVWUDGDpGRPHVWUH
)RLHOHTXHPDEULX )RLHOHTXHPDEULX
(QVLQDQGRD6DQWD'RXWULQD (QVLQDQGRD6DQWD'RXWULQD
3DUDDTXHOHTXHVHJXLX 3DUDDTXHOHTXHVHJXLX
 
 

 
4XHWXGRHXSRVVRVHU 4XHWXGRHXSRVVRVHU
%DVWDVHUVHPSUHILHO %DVWDVHUVHPSUHILHO
4XHJOyULDYRVSHUWHQFHU 4XHJOyULDYRVSHUWHQFHU
0HX,PSpULR-XUDPLGDP 0HX,PSpULR-XUDPLGDP
 
(FXOWXDYDRPHVPRSRGHU (FXOWXDYDRPHVPRSRGHU
'LVVHTXHMiIRUDHVFUDYR 'LVVHTXHMiIRUDHVFUDYR
(OHFRPLJRYHLRWHU (OHFRPLJRYHLRWHU
1RPHLRGDPLQKDYLDJHP 1RPHLRGDPLQKDYLDJHP
 
'R9RY{2PXQJXHOr 'R9RY{2PXQJXHOr
6D~GRDSURWHomR 6D~GRDSURWHomR
6yEDVWDHOHTXHUHU 6yEDVWDHOHTXHUHU
7RGRVVmRILOKRVGH'HXV 7RGRVVmRILOKRVGH'HXV
 
4XHDTXLRFHQWURpOLYUH 4XHDTXLRFHQWURpOLYUH
(XGLJRDRVPHXVFDERFORV (XGLJRDRVPHXVFDERFORV
&RQVRODHGiDOtYLR &RQVRODHGiDOtYLR
6DQWR'DLPH6DQWD0DULD 6DQWR'DLPH6DQWD0DULD
 

 

6DQWR'DLPH6DQWD0DULD 6DQWR'DLPH6DQWD0DULD
&RQVRODHGiDOtYLR &RQVRODHGiDOtYLR
(XGLJRDRVPHXVFDERFORV (XGLJRDRVPHXVFDERFORV
4XHDTXLRFHQWURpOLYUH 4XHDTXLRFHQWURpOLYUH
 
7RGRVVmRILOKRVGH'HXV 7RGRVVmRILOKRVGH'HXV
6yEDVWDHOHTXHUHU 6yEDVWDHOHTXHUHU
6D~GRDSURWHomR 6D~GRDSURWHomR
'R9RY{2PXQJXHOr 'R9RY{2PXQJXHOr
 
1RPHLRGDPLQKDYLDJHP 1RPHLRGDPLQKDYLDJHP
(OHFRPLJRYHLRWHU (OHFRPLJRYHLRWHU
'LVVHTXHMiIRUDHVFUDYR 'LVVHTXHMiIRUDHVFUDYR
(FXOWXDYDRPHVPRSRGHU (FXOWXDYDRPHVPRSRGHU
 
0HX,PSpULR-XUDPLGDP 0HX,PSpULR-XUDPLGDP
4XHJOyULDYRVSHUWHQFHU 4XHJOyULDYRVSHUWHQFHU
%DVWDVHUVHPSUHILHO %DVWDVHUVHPSUHILHO
4XHWXGRHXSRVVRVHU 4XHWXGRHXSRVVRVHU
 

 
 
 
 
 
(XGXYLGRGHTXHKi (XGXYLGRGHTXHKi
3RGHUPDLRUTXHRIRJR 3RGHUPDLRUTXHRIRJR
4XHpSDUDWRGRVHVFXWDU 4XHpSDUDWRGRVHVFXWDU
2PHVWUHPDQGRXHXGL]HU 2PHVWUHPDQGRXHXGL]HU
 
(TXHPTXLVHUTXHYHQKDFi (TXHPTXLVHUTXHYHQKDFi
(VVHpTXHpRSRGHU (VVHpTXHpRSRGHU
0DLRUGRTXHHVVDQmRKi 0DLRUGRTXHHVVDQmRKi
(VVDpDFLrQFLD (VVDpDFLrQFLD
 
4XHVRPHQWHPHXSDLGi 4XHVRPHQWHPHXSDLGi
(VVHpXPVHJUHGR (VVHpXPVHJUHGR
'HQWURGDSDQHODHVWi 'HQWURGDSDQHODHVWi
7RGRHVVHPLVWpULR 7RGRHVVHPLVWpULR
 
 
3DXOLQKR0DUFKD 3DXOLQKR0DUFKD
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
$5$,1+$'2)2*2 BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
$5$,1+$'2)2*2

$5$,1+$'2)2*2
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB $5$,1+$'2)2*2
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
3DXOLQKR0DUFKD 3DXOLQKR0DUFKD
 

 
7RGRHVVHPLVWpULR 7RGRHVVHPLVWpULR
'HQWURGDSDQHODHVWi 'HQWURGDSDQHODHVWi
(VVHpXPVHJUHGR (VVHpXPVHJUHGR
4XHVRPHQWHPHXSDLGi 4XHVRPHQWHPHXSDLGi
 
(VVDpDFLrQFLD (VVDpDFLrQFLD
0DLRUGRTXHHVVDQmRKi 0DLRUGRTXHHVVDQmRKi
(VVHpTXHpRSRGHU (VVHpTXHpRSRGHU
(TXHPTXLVHUTXHYHQKDFi (TXHPTXLVHUTXHYHQKDFi
 
2PHVWUHPDQGRXHXGL]HU 2PHVWUHPDQGRXHXGL]HU
4XHpSDUDWRGRVHVFXWDU 4XHpSDUDWRGRVHVFXWDU
3RGHUPDLRUTXHRIRJR 3RGHUPDLRUTXHRIRJR
(XGXYLGRGHTXHKi (XGXYLGRGHTXHKi
 
 
 
 
 
 
 
(HXTXHURHVWDUDYDQWH (HXTXHURHVWDUDYDQWH
6HXFDUURYDLSDVVDUGHQRYR 6HXFDUURYDLSDVVDUGHQRYR
7RGDHVVDOHPEUDQoD 7RGDHVVDOHPEUDQoD
$HODHXDJUDGHoR $HODHXDJUDGHoR
 
$WpGHQWURGDPmHGLYLQD $WpGHQWURGDPmHGLYLQD
3HGLOLFHQoDHIXLHQWUDQGR 3HGLOLFHQoDHIXLHQWUDQGR
+iXPUHLQRVXEWHUUkQHR +iXPUHLQRVXEWHUUkQHR
'HQWURGDIRUQDOKD 'HQWURGDIRUQDOKD
 
/iGRVHJXQGRDQGDU /iGRVHJXQGRDQGDU
eJUDoDVDRIRJR eJUDoDVDRIRJR
4XHERUEXOKDQRFLSy 4XHERUEXOKDQRFLSy
7RGDPDUDYLOKD 7RGDPDUDYLOKD
 
0DLVRIRJRTXHDOLKi 0DLVRIRJRTXHDOLKi
4XHHOHpIROKDFLSyHiJXD 4XHHOHpIROKDFLSyHiJXD
eSDUDWRGRVREVHUYDU eSDUDWRGRVREVHUYDU
2'DLPHTXHHXPDQGHLGHVFHU 2'DLPHTXHHXPDQGHLGHVFHU

2'DLPHTXHHXPDQGHLGHVFHU 2'DLPHTXHHXPDQGHLGHVFHU
eSDUDWRGRVREVHUYDU eSDUDWRGRVREVHUYDU
4XHHOHpIROKDFLSyHiJXD 4XHHOHpIROKDFLSyHiJXD
0DLVRIRJRTXHDOLKi 0DLVRIRJRTXHDOLKi
 
7RGDPDUDYLOKD 7RGDPDUDYLOKD
4XHERUEXOKDQRFLSy 4XHERUEXOKDQRFLSy
eJUDoDVDRIRJR eJUDoDVDRIRJR
/iGRVHJXQGRDQGDU /iGRVHJXQGRDQGDU
 
'HQWURGDIRUQDOKD 'HQWURGDIRUQDOKD
+iXPUHLQRVXEWHUUkQHR +iXPUHLQRVXEWHUUkQHR
3HGLOLFHQoDHIXLHQWUDQGR 3HGLOLFHQoDHIXLHQWUDQGR
$WpGHQWURGDPmHGLYLQD $WpGHQWURGDPmHGLYLQD
 
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9DPRVIXQGDURUHLQRGDVPRQWDQKDV 9DPRVIXQGDURUHLQRGDVPRQWDQKDV
25HL3DVWRUpTXHPYHPDQXQFLDU 25HL3DVWRUpTXHPYHPDQXQFLDU
2HVStULWRYDLYHQFHUVREUHDPDWpULD 2HVStULWRYDLYHQFHUVREUHDPDWpULD
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1RFpXHQDWHUUDSURPHWROXWDU 1RFpXHQDWHUUDSURPHWROXWDU
 
 
 
 
 
 
 
 
 
 
 
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4XHDRPHVWUHPHHQWUHJRX 4XHDRPHVWUHPHHQWUHJRX
 
 
 
 
 
 
 
 
 
 
 
 
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6mR-RmRHVWiQD7HUUD 6mR-RmRHVWiQD7HUUD
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9ROWHLPXLWRIHOL] 9ROWHLPXLWRIHOL]
 
$RXWUDYDLPRUUHU $RXWUDYDLPRUUHU
3RLVHVWDpDYHUGDGHLUDYLGD 3RLVHVWDpDYHUGDGHLUDYLGD
eSUDQXQFDPDLVVHHVTXHFHU eSUDQXQFDPDLVVHHVTXHFHU
(OHGLVVHTXHHXYROWDYD (OHGLVVHTXHHXYROWDYD
 
 
 
 
 

 
 
 
 
 
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$RXWUDYDLPRUUHU $RXWUDYDLPRUUHU
 
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6mR-RmRHVWiQD7HUUD 6mR-RmRHVWiQD7HUUD
9iHFXPSUDRTXHHOHGL] 9iHFXPSUDRTXHHOHGL]
 
 
 
 
 
 
 
 
 
 
 
 
4XHRJDORMiFDQWRX 4XHRJDORMiFDQWRX
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7UrVYH]HVHOHHQYLRX 7UrVYH]HVHOHHQYLRX
7UrVYH]HVHOHYHLR 7UrVYH]HVHOHYHLR
 
3RLVIRL-XUDTXHYROWRX 3RLVIRL-XUDTXHYROWRX
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7UrVYH]HVMXURX 7UrVYH]HVMXURX
7UrVYH]HVHUURX 7UrVYH]HVHUURX
 
0DLVGRTXHXPSHFDGRU 0DLVGRTXHXPSHFDGRU
1mRSHUPLWDQRVDOmR 1mRSHUPLWDQRVDOmR
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7UrVYH]HVPHXUHL 7UrVYH]HVPHXUHL
 
 
&DUPLQKD;0DUFKD &DUPLQKD;0DUFKD
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7UrVYH]HVPHXUHL 7UrVYH]HVPHXUHL
7UrVYH]HVPHXVHQKRU 7UrVYH]HVPHXVHQKRU
1mRSHUPLWDQRVDOmR 1mRSHUPLWDQRVDOmR
0DLVGRTXHXPSHFDGRU 0DLVGRTXHXPSHFDGRU
 
7UrVYH]HVHUURX 7UrVYH]HVHUURX
7UrVYH]HVMXURX 7UrVYH]HVMXURX
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7UrVYH]HVHOHYHLR 7UrVYH]HVHOHYHLR
7UrVYH]HVHOHHQYLRX 7UrVYH]HVHOHHQYLRX
9DPRVVHDUUHSHQGHU 9DPRVVHDUUHSHQGHU
4XHRJDORMiFDQWRX 4XHRJDORMiFDQWRX
 
 
 
 
 
9DLFDLUQDHVFXULGmR 9DLFDLUQDHVFXULGmR
4XHPGHOHIL]HUPDOXVR 4XHPGHOHIL]HUPDOXVR
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3URFXUDQGRHVWDGRXWULQD 3URFXUDQGRHVWDGRXWULQD
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3HoROLFHQoDDPmHFHOHVWH 3HoROLFHQoDDPmHFHOHVWH
3HoROLFHQoDD-XUDPLGDP 3HoROLFHQoDD-XUDPLGDP
 
3RULVVRpTXHPHWUDtUDP 3RULVVRpTXHPHWUDtUDP
6RXIORUHWHQKRHVSLQKR 6RXIORUHWHQKRHVSLQKR
1mRTXHLUDPPHFRQKHFHU 1mRTXHLUDPPHFRQKHFHU
6HQmRVDEHRTXHHVWiID]HQGR 6HQmRVDEHRTXHHVWiID]HQGR
 
3ROOR0DUFKD 3ROOR0DUFKD
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'(86$75$'$ BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
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6HQmRVDEHRTXHHVWiID]HQGR 6HQmRVDEHRTXHHVWiID]HQGR
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6RXIORUHWHQKRHVSLQKR 6RXIORUHWHQKRHVSLQKR
3RULVVRpTXHPHWUDtUDP 3RULVVRpTXHPHWUDtUDP
 
3HoROLFHQoDD-XUDPLGDP 3HoROLFHQoDD-XUDPLGDP
3HoROLFHQoDDPmHFHOHVWH 3HoROLFHQoDDPmHFHOHVWH
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4XHPGHOHIL]HUPDOXVR 4XHPGHOHIL]HUPDOXVR
9DLFDLUQDHVFXULGmR 9DLFDLUQDHVFXULGmR
 
 
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0HGrHVVHGLVFHUQLPHQWR 0HGrHVVHGLVFHUQLPHQWR
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0DVDOX]GRPHX-HVXV 0DVDOX]GRPHX-HVXV
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7RGDULTXH]DGRPXQGR 7RGDULTXH]DGRPXQGR
 
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9ROWHLSDUDRFRPHoR 9ROWHLSDUDRFRPHoR
 
9ROWHDRTXHHVWDYDID]HQGR 9ROWHDRTXHHVWDYDID]HQGR
6HILUPHPQRWUDEDOKR 6HILUPHPQRWUDEDOKR
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6HDPHQWHHVWiFRQIXVD 6HDPHQWHHVWiFRQIXVD
 
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7RGDULTXH]DGRPXQGR 7RGDULTXH]DGRPXQGR
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3UDHXSRUDOX]QRYHODGRU 3UDHXSRUDOX]QRYHODGRU
 
 
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9HLRYHU 9HLRYHU
 
 
 
 
 
 
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7XEULOKDVOiQRDOWR 7XEULOKDVOiQRDOWR
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0HXSDLWHKRQUDUHL 0HXSDLWHKRQUDUHL
 
 

 
 
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(PSUHVWHHVWHDSDUHOKR (PSUHVWHHVWHDSDUHOKR
4XHPHOHYDDDWXDU 4XHPHOHYDDDWXDU
2K0LQKDPmHPLQKDUDLQKD 2K0LQKDPmHPLQKDUDLQKD
 
4XHHVWHHXVRXDTXLVRXHX 4XHHVWHHXVRXDTXLVRXHX
)D]FUHUHVWDPDWpULD )D]FUHUHVWDPDWpULD
4XHPHPDQGDHVWDOX] 4XHPHPDQGDHVWDOX]
2K0HXPHVWUHPHXWHVRXUR 2K0HXPHVWUHPHXWHVRXUR
 
 
 
 
 

 
 
 
 
 
2K0HXPHVWUHPHXWHVRXUR 2K0HXPHVWUHPHXWHVRXUR
4XHPHPDQGDHVWDOX] 4XHPHPDQGDHVWDOX]
)D]FUHUHVWDPDWpULD )D]FUHUHVWDPDWpULD
4XHHVWHHXVRXDTXLVRXHX 4XHHVWHHXVRXDTXLVRXHX
 
2K0LQKDPmHPLQKDUDLQKD 2K0LQKDPmHPLQKDUDLQKD
4XHPHOHYDDDWXDU 4XHPHOHYDDDWXDU
(PSUHVWHHVWHDSDUHOKR (PSUHVWHHVWHDSDUHOKR
3DUD'HXVPDQLIHVWDU 3DUD'HXVPDQLIHVWDU
 
 
 
 
 
 
 
 
 
3DUDVDEHUHPTXDOHVWi 3DUDVDEHUHPTXDOHVWi
eSUHFLVRFRQKHFHU eSUHFLVRFRQKHFHU
)LUPRXEHPDGHFi )LUPRXEHPDGHFi
)LUPRXQDTXHODEDQGD )LUPRXQDTXHODEDQGD
 
6DOYH2JXPGD%HLUD0DU 6DOYH2JXPGD%HLUD0DU
0DQGRXVHXPHQVDJHLUR 0DQGRXVHXPHQVDJHLUR
3DUDQRVOLEHUWDU 3DUDQRVOLEHUWDU
&KHJRX-XUDFKHJRX &KHJRX-XUDFKHJRX
 
2RXWURYDLWUDQFDU 2RXWURYDLWUDQFDU
6HQmRWLYHUDPRU 6HQmRWLYHUDPRU
&XLGDGRTXHPYHPOi &XLGDGRTXHPYHPOi
&KHJRX&UX]DFKHJRX &KHJRX&UX]DFKHJRX
 
4XHRRXWURYHPFREUDU 4XHRRXWURYHPFREUDU
&KHJRXSDUDGL]HU &KHJRXSDUDGL]HU
1XPDQRLWHGHOXDU 1XPDQRLWHGHOXDU
&KHJRX-XUDFKHJRX &KHJRX-XUDFKHJRX
 
(GXDUGR0RWD0DUFKD (GXDUGR0RWD0DUFKD
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
&+(*28-85$&+(*28 BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
&+(*28-85$&+(*28

&+(*28-85$&+(*28
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB &+(*28-85$&+(*28
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
(GXDUGR0RWD0DUFKD (GXDUGR0RWD0DUFKD
 
&KHJRX-XUDFKHJRX &KHJRX-XUDFKHJRX
1XPDQRLWHGHOXDU 1XPDQRLWHGHOXDU
&KHJRXSDUDGL]HU &KHJRXSDUDGL]HU
4XHRRXWURYHPFREUDU 4XHRRXWURYHPFREUDU
 
&KHJRX&UX]DFKHJRX &KHJRX&UX]DFKHJRX
&XLGDGRTXHPYHPOi &XLGDGRTXHPYHPOi
6HQmRWLYHUDPRU 6HQmRWLYHUDPRU
2RXWURYDLWUDQFDU 2RXWURYDLWUDQFDU
 
&KHJRX-XUDFKHJRX &KHJRX-XUDFKHJRX
3DUDQRVOLEHUWDU 3DUDQRVOLEHUWDU
0DQGRXVHXPHQVDJHLUR 0DQGRXVHXPHQVDJHLUR
6DOYH2JXPGD%HLUD0DU 6DOYH2JXPGD%HLUD0DU
 
)LUPRXQDTXHODEDQGD )LUPRXQDTXHODEDQGD
)LUPRXEHPDGHFi )LUPRXEHPDGHFi
eSUHFLVRFRQKHFHU eSUHFLVRFRQKHFHU
3DUDVDEHUHPTXDOHVWi 3DUDVDEHUHPTXDOHVWi
 
 
(EUHYHOiYHPRFDVWLJR (EUHYHOiYHPRFDVWLJR
3RLVRSRYRHVWiUHEHOGH 3RLVRSRYRHVWiUHEHOGH
%XVTXHQDRUGHPRDEULJR %XVTXHQDRUGHPRDEULJR
6HDRUGHPHVWiVHYHUD 6HDRUGHPHVWiVHYHUD
 
(YDPRVYHUTXHPFRQVLGHUD (YDPRVYHUTXHPFRQVLGHUD
3RLVHVWDFDVDWHPRUGHP 3RLVHVWDFDVDWHPRUGHP
6XEMXOJXHHVVDPDWpULD 6XEMXOJXHHVVDPDWpULD
'DLPHFDOPDHREHGLrQFLD 'DLPHFDOPDHREHGLrQFLD
 
(RXYLURFRUDomR (RXYLURFRUDomR
3DUDHXPDQWHUHVWDFHUWH]D 3DUDHXPDQWHUHVWDFHUWH]D
6HPSUHDYRVVDGHYRomR 6HPSUHDYRVVDGHYRomR
'DLPHDPRUPHGiFRUDJHP 'DLPHDPRUPHGiFRUDJHP
 
1HVWHPXQGRGHLOXVmR 1HVWHPXQGRGHLOXVmR
3DUDHXQmRVXFXPELU 3DUDHXQmRVXFXPELU
'DLPHDYRVVDSURWHomR 'DLPHDYRVVDSURWHomR
0HGDLIpPHGiIRUoD 0HGDLIpPHGiIRUoD
 
7kQLD0DUFKD 7kQLD0DUFKD
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
&216(/+26'2%(,-$)/25 BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
&216(/+26'2%(,-$)/25

&216(/+26'2%(,-$)/25
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB &216(/+26'2%(,-$)/25
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
7kQLD0DUFKD 7kQLD0DUFKD
 
0HGDLIpPHGiIRUoD 0HGDLIpPHGiIRUoD
'DLPHDYRVVDSURWHomR 'DLPHDYRVVDSURWHomR
3DUDHXQmRVXFXPELU 3DUDHXQmRVXFXPELU
1HVWHPXQGRGHLOXVmR 1HVWHPXQGRGHLOXVmR
 
'DLPHDPRUPHGiFRUDJHP 'DLPHDPRUPHGiFRUDJHP
6HPSUHDYRVVDGHYRomR 6HPSUHDYRVVDGHYRomR
3DUDHXPDQWHUHVWDFHUWH]D 3DUDHXPDQWHUHVWDFHUWH]D
(RXYLURFRUDomR (RXYLURFRUDomR
 
'DLPHFDOPDHREHGLrQFLD 'DLPHFDOPDHREHGLrQFLD
6XEMXOJXHHVVDPDWpULD 6XEMXOJXHHVVDPDWpULD
3RLVHVWDFDVDWHPRUGHP 3RLVHVWDFDVDWHPRUGHP
(YDPRVYHUTXHPFRQVLGHUD (YDPRVYHUTXHPFRQVLGHUD
 
6HDRUGHPHVWiVHYHUD 6HDRUGHPHVWiVHYHUD
%XVTXHQDRUGHPRDEULJR %XVTXHQDRUGHPRDEULJR
3RLVRSRYRHVWiUHEHOGH 3RLVRSRYRHVWiUHEHOGH
(EUHYHOiYHPRFDVWLJR (EUHYHOiYHPRFDVWLJR
 
 
 
 
(RXYLURVEHLMDIORUHV (RXYLURVEHLMDIORUHV
9DPRVILFDUHPVLOrQFLR 9DPRVILFDUHPVLOrQFLR
8PFRQVHOKRDRVIDODGRUHV 8PFRQVHOKRDRVIDODGRUHV
(QFHUUDQGRHVVHFkQWLFR (QFHUUDQGRHVVHFkQWLFR
 
1DYLWyULDGH6mR-RmR 1DYLWyULDGH6mR-RmR
9ROWHDIpHDDOHJULD 9ROWHDIpHDDOHJULD
7DQWDGHVFRQVRODomR 7DQWDGHVFRQVRODomR
&KHJDGHVVHVRIULPHQWR &KHJDGHVVHVRIULPHQWR
 
3UDVHJXLUPRVQHVVDWULOKD 3UDVHJXLUPRVQHVVDWULOKD
8PERPFRQVHOKRVHPSUHYDOH 8PERPFRQVHOKRVHPSUHYDOH
/HYHRPDOGHVVDIDPtOLD /HYHRPDOGHVVDIDPtOLD
'DLQRVDSD]HDXQLmR 'DLQRVDSD]HDXQLmR
 
(WHUQRVVDFXUDQDVPmRV (WHUQRVVDFXUDQDVPmRV
9DPRVORJRVHUSHUIHLWRV 9DPRVORJRVHUSHUIHLWRV
(DOX]GDPLUDomR (DOX]GDPLUDomR
'DLRSRGHUGDGLYLQGDGH 'DLRSRGHUGDGLYLQGDGH

'DLRSRGHUGDGLYLQGDGH 'DLRSRGHUGDGLYLQGDGH
(DOX]GDPLUDomR (DOX]GDPLUDomR
9DPRVORJRVHUSHUIHLWRV 9DPRVORJRVHUSHUIHLWRV
(WHUQRVVDFXUDQDVPmRV (WHUQRVVDFXUDQDVPmRV
 
'DLQRVDSD]HDXQLmR 'DLQRVDSD]HDXQLmR
/HYHRPDOGHVVDIDPtOLD /HYHRPDOGHVVDIDPtOLD
8PERPFRQVHOKRVHPSUHYDOH 8PERPFRQVHOKRVHPSUHYDOH
3UDVHJXLUPRVQHVVDWULOKD 3UDVHJXLUPRVQHVVDWULOKD
 
&KHJDGHVVHVRIULPHQWR &KHJDGHVVHVRIULPHQWR
7DQWDGHVFRQVRODomR 7DQWDGHVFRQVRODomR
9ROWHDIpHDDOHJULD 9ROWHDIpHDDOHJULD
1DYLWyULDGH6mR-RmR 1DYLWyULDGH6mR-RmR
 
(QFHUUDQGRHVVHFkQWLFR (QFHUUDQGRHVVHFkQWLFR
8PFRQVHOKRDRVIDODGRUHV 8PFRQVHOKRDRVIDODGRUHV
9DPRVILFDUHPVLOrQFLR 9DPRVILFDUHPVLOrQFLR
(RXYLURVEHLMDIORUHV (RXYLURVEHLMDIORUHV
 
 
 
 
 
 
 
(URJRSUDHXSRGHUYROWDU (URJRSUDHXSRGHUYROWDU
2VDQWtVVLPRPLVWpULR 2VDQWtVVLPRPLVWpULR
9LPDTXLSUDDSUHQGHU 9LPDTXLSUDDSUHQGHU
3DUDPHXSDLHXORXYDU 3DUDPHXSDLHXORXYDU
2K'HXVPHGrFRUDJHP 2K'HXVPHGrFRUDJHP
 
3DUDR&ULVWRUHLPHRFXSDU 3DUDR&ULVWRUHLPHRFXSDU
$JRUDHXPHGHVSHoRGHWRGDLOXVmR $JRUDHXPHGHVSHoRGHWRGDLOXVmR
$TXLHVWiRPHXIDODU $TXLHVWiRPHXIDODU
$XQLmRpSRVVtYHO $XQLmRpSRVVtYHO
 
3RUHOHVPHIDFXOWDU 3RUHOHVPHIDFXOWDU
'DQGRJUDoDVD'HXVHVHXVDQMRV 'DQGRJUDoDVD'HXVHVHXVDQMRV
(XYLPIRLSDUDIDODU (XYLPIRLSDUDIDODU
(XGLJRSDUDPHXVLUPmRV (XGLJRSDUDPHXVLUPmRV
 
 
,VDEHOD9DOVD ,VDEHOD9DOVD
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
(8',*23$5$0(86,5026 BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
(8',*23$5$0(86,5026

(8',*23$5$0(86,5026
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB (8',*23$5$0(86,5026
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB

,VDEHOD9DOVD 
,VDEHOD9DOVD
 
(XGLJRSDUDPHXVLUPmRV (XGLJRSDUDPHXVLUPmRV
(XYLPIRLSDUDIDODU (XYLPIRLSDUDIDODU
'DQGRJUDoDVD'HXVHVHXVDQMRV 'DQGRJUDoDVD'HXVHVHXVDQMRV
3RUHOHVPHIDFXOWDU 3RUHOHVPHIDFXOWDU
 
$XQLmRpSRVVtYHO $XQLmRpSRVVtYHO
$TXLHVWiRPHXIDODU $TXLHVWiRPHXIDODU
$JRUDHXPHGHVSHoRGHWRGDLOXVmR $JRUDHXPHGHVSHoRGHWRGDLOXVmR
3DUDR&ULVWRUHLPHRFXSDU 3DUDR&ULVWRUHLPHRFXSDU
 
2K'HXVPHGrFRUDJHP 2K'HXVPHGrFRUDJHP
3DUDPHXSDLHXORXYDU 3DUDPHXSDLHXORXYDU
9LPDTXLSUDDSUHQGHU 9LPDTXLSUDDSUHQGHU
2VDQWtVVLPRPLVWpULR 2VDQWtVVLPRPLVWpULR
(URJRSUDHXSRGHUYROWDU (URJRSUDHXSRGHUYROWDU
 
 
 
 
 

 
 
 
 
 
 
(TXHPYHPGHGHQWURGHYRFr (TXHPYHPGHGHQWURGHYRFr
4XHHVWiQR6ROQD/XDHQDVHVWUHODV 4XHHVWiQR6ROQD/XDHQDVHVWUHODV
1RYDORUTXHWHPQRSRGHU 1RYDORUTXHWHPQRSRGHU
9DPRVWRGRVDFUHGLWDU 9DPRVWRGRVDFUHGLWDU
 
1yVMiWHPRVTXHPXGDU 1yVMiWHPRVTXHPXGDU
1RFpXHQD7HUUD 1RFpXHQD7HUUD
1RSRQWRHPTXHHVWDPRV 1RSRQWRHPTXHHVWDPRV
(XYRXQRYDPHQWHH[SOLFDU (XYRXQRYDPHQWHH[SOLFDU
$JRUDTXHMiYROWHL $JRUDTXHMiYROWHL
 
 
 
 
 

 

 
 
 
 
$JRUDTXHMiYROWHL $JRUDTXHMiYROWHL
(XYRXQRYDPHQWHH[SOLFDU (XYRXQRYDPHQWHH[SOLFDU
1RSRQWRHPTXHHVWDPRV 1RSRQWRHPTXHHVWDPRV
1RFpXHQD7HUUD 1RFpXHQD7HUUD
1yVMiWHPRVTXHPXGDU 1yVMiWHPRVTXHPXGDU
 
9DPRVWRGRVDFUHGLWDU 9DPRVWRGRVDFUHGLWDU
1RYDORUTXHWHPQRSRGHU 1RYDORUTXHWHPQRSRGHU
4XHHVWiQR6ROQD/XDHQDVHVWUHODV 4XHHVWiQR6ROQD/XDHQDVHVWUHODV
(TXHPYHPGHGHQWURGHYRFr (TXHPYHPGHGHQWURGHYRFr
 
 
 
 
 
 
 
 
 
y &DERFORGDV6HWH)OHFKDV y &DERFORGDV6HWH)OHFKDV
 (XYLPHXYLPQHVWDIHVWD  (XYLPHXYLPQHVWDIHVWD
 
6RXHXVRXHXTXHWXDFKD 6RXHXVRXHXTXHWXDFKD
(XYLPHXYLPQRGHVSDFKR (XYLPHXYLPQRGHVSDFKR
 
)XLHXIXLHXTXHDFHUWHL )XLHXIXLHXTXHDFHUWHL
$FHUWHLDFHUWHLPLQKDIOHFKD $FHUWHLDFHUWHLPLQKDIOHFKD
 
)XLHXIXLHXTXHDWLUHL )XLHXIXLHXTXHDWLUHL
$WLUHLDWLUHLPLQKDIOHFKD $WLUHLDWLUHLPLQKDIOHFKD
 
)XLHXIXLHXTXHSHJXHL )XLHXIXLHXTXHSHJXHL
3HJXHLSHJXHLPLQKDIOHFKD 3HJXHLSHJXHLPLQKDIOHFKD
 
)XLHXIXLHXTXHDFKHL )XLHXIXLHXTXHDFKHL
$FKHLDFKHLPLQKDIOHFKD $FKHLDFKHLPLQKDIOHFKD
 
9DOVD 9DOVD
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
32172'2&$%2&/26(7()/(&+$6
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
32172'2&$%2&/26(7()/(&+$6

32172'2&$%2&/26(7()/(&+$6 32172'2&$%2&/26(7()/(&+$6
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
9DOVD 9DOVD
 
$FKHLDFKHLPLQKDIOHFKD $FKHLDFKHLPLQKDIOHFKD
)XLHXIXLHXTXHDFKHL )XLHXIXLHXTXHDFKHL
 
3HJXHLSHJXHLPLQKDIOHFKD 3HJXHLSHJXHLPLQKDIOHFKD
)XLHXIXLHXTXHSHJXHL )XLHXIXLHXTXHSHJXHL
 
$WLUHLDWLUHLPLQKDIOHFKD $WLUHLDWLUHLPLQKDIOHFKD
)XLHXIXLHXTXHDWLUHL )XLHXIXLHXTXHDWLUHL
 
$FHUWHLDFHUWHLPLQKDIOHFKD $FHUWHLDFHUWHLPLQKDIOHFKD
)XLHXIXLHXTXHDFHUWHL )XLHXIXLHXTXHDFHUWHL
 
(XYLPHXYLPQRGHVSDFKR (XYLPHXYLPQRGHVSDFKR
6RXHXVRXHXTXHWXDFKD 6RXHXVRXHXTXHWXDFKD
 
 (XYLPHXYLPQHVWDIHVWD  (XYLPHXYLPQHVWDIHVWD
y &DERFORGDV6HWH)OHFKDV y &DERFORGDV6HWH)OHFKDV
 
 
 
 
 
 
6RX3HQD9HUGHHVWRXDTXL 6RX3HQD9HUGHHVWRXDTXL
6HX3HQD9HUGHHVWiDTXL 6HX3HQD9HUGHHVWiDTXL
 
(DSOXPDJHPGRTXHW]DO (DSOXPDJHPGRTXHW]DO
6RXDiJXLDGRURFKHGR 6RXDiJXLDGRURFKHGR
%DWRDVDVDVSDUDR6RO %DWRDVDVDVSDUDR6RO
'XUPRQDIROKDGRDUYRUHGR 'XUPRQDIROKDGRDUYRUHGR
 
6RX3HQD9HUGHHVWRXDTXL 6RX3HQD9HUGHHVWRXDTXL
6HX3HQD9HUGHHVWiDTXL 6HX3HQD9HUGHHVWiDTXL
 
6RX3HQD9HUGHHVWRXDTXL 6RX3HQD9HUGHHVWRXDTXL
'HVFLGHXPQLQKROiGRDOWR 'HVFLGHXPQLQKROiGRDOWR
(XVRXILOKRGH5LSL (XVRXILOKRGH5LSL
(VWRXQRFpXGHVVDIORUHVWD (VWRXQRFpXGHVVDIORUHVWD
 
 

0DUFKD 0DUFKD
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
12&e8'(66$)/25(67$ BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
12&e8'(66$)/25(67$

12&e8'(66$)/25(67$
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB 12&e8'(66$)/25(67$
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB

0DUFKD 
0DUFKD
 
(VWRXQRFpXGHVVDIORUHVWD (VWRXQRFpXGHVVDIORUHVWD
(XVRXILOKRGH5LSL (XVRXILOKRGH5LSL
'HVFLGHXPQLQKROiGRDOWR 'HVFLGHXPQLQKROiGRDOWR
6RX3HQD9HUGHHVWRXDTXL 6RX3HQD9HUGHHVWRXDTXL
 
6HX3HQD9HUGHHVWiDTXL 6HX3HQD9HUGHHVWiDTXL
6RX3HQD9HUGHHVWRXDTXL 6RX3HQD9HUGHHVWRXDTXL
 
'XUPRQDIROKDGRDUYRUHGR 'XUPRQDIROKDGRDUYRUHGR
%DWRDVDVDVSDUDR6RO %DWRDVDVDVSDUDR6RO
6RXDiJXLDGRURFKHGR 6RXDiJXLDGRURFKHGR
(DSOXPDJHPGRTXHW]DO (DSOXPDJHPGRTXHW]DO
 
6HX3HQD9HUGHHVWiDTXL 6HX3HQD9HUGHHVWiDTXL
6RX3HQD9HUGHHVWRXDTXL 6RX3HQD9HUGHHVWRXDTXL
 
 
 
 
 

 
 
 
 
 
 
 
6RX3HQD9HUGHHVWRXDTXL 6RX3HQD9HUGHHVWRXDTXL
6HX3HQD9HUGHHVWiDTXL 6HX3HQD9HUGHHVWiDTXL
 
'RQRHFKHIHGRWDSLU 'RQRHFKHIHGRWDSLU
6DOYHRUHLVHX6HWH)OHFKDV 6DOYHRUHLVHX6HWH)OHFKDV
'RFKHIHTXHYHPDt 'RFKHIHTXHYHPDt
0HXYRRpXPDIOHFKD 0HXYRRpXPDIOHFKD
 
 
 
 
 

 
 
 
 
 
0HXYRRpXPDIOHFKD 0HXYRRpXPDIOHFKD
'RFKHIHTXHYHPDt 'RFKHIHTXHYHPDt
6DOYHRUHLVHX6HWH)OHFKDV 6DOYHRUHLVHX6HWH)OHFKDV
'RQRHFKHIHGRWDSLU 'RQRHFKHIHGRWDSLU
 
6HX3HQD9HUGHHVWiDTXL 6HX3HQD9HUGHHVWiDTXL
6RX3HQD9HUGHHVWRXDTXL 6RX3HQD9HUGHHVWRXDTXL
 
 
 
 
 
 
 

 
 

 
 
 
 
 
$FXUDURVQHFHVVLWDGRV $FXUDURVQHFHVVLWDGRV
$MXGHDQRVVDVHVVmR $MXGHDQRVVDVHVVmR
$WHQGDDRQRVVRFKDPDGR $WHQGDDRQRVVRFKDPDGR
$SHQDVSRUYRVVRDPRU $SHQDVSRUYRVVRDPRU
 
2K9LUJHPGD&DVWLGDGH 2K9LUJHPGD&DVWLGDGH
$YyVWHGDPRVORXYRU $YyVWHGDPRVORXYRU
$SHQDVSRUFDULGDGH $SHQDVSRUFDULGDGH
$SHQDVSRUYRVVRDPRU $SHQDVSRUYRVVRDPRU
 
 
 
 
1RQDWD;0DUFKD 1RQDWD;0DUFKD
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
$3(1$632592662$025 BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
$3(1$632592662$025

$3(1$632592662$025
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB $3(1$632592662$025
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
1RQDWD;0DUFKD 1RQDWD;0DUFKD
 
 
 
 
$SHQDVSRUYRVVRDPRU $SHQDVSRUYRVVRDPRU
$SHQDVSRUFDULGDGH $SHQDVSRUFDULGDGH
$YyVWHGDPRVORXYRU $YyVWHGDPRVORXYRU
2K9LUJHPGD&DVWLGDGH 2K9LUJHPGD&DVWLGDGH
 
$SHQDVSRUYRVVRDPRU $SHQDVSRUYRVVRDPRU
$WHQGDDRQRVVRFKDPDGR $WHQGDDRQRVVRFKDPDGR
$MXGHDQRVVDVHVVmR $MXGHDQRVVDVHVVmR
$FXUDURVQHFHVVLWDGRV $FXUDURVQHFHVVLWDGRV
 
 
 
 
 
 
 

 
 
 
(HODROKDSRUPLP (HODROKDSRUPLP
(XROKRSRUPDPmH (XROKRSRUPDPmH
(VWiRPHXMDUGLP (VWiRPHXMDUGLP
1RDOWRGDPRQWDQKD 1RDOWRGDPRQWDQKD
 
'DTXLORTXHHXVRX 'DTXLORTXHHXVRX
)RLFRPRPHDWXDVVH )RLFRPRPHDWXDVVH
6HQWLRYRVVRDPRU 6HQWLRYRVVRDPRU
(XYLWRGDVHVWUHODV (XYLWRGDVHVWUHODV
 
4XHHXQmRPHUHFLD 4XHHXQmRPHUHFLD
)RLWDQWDSHUIHLomR )RLWDQWDSHUIHLomR
3RUHVWDSULPR]LD 3RUHVWDSULPR]LD
0HXSDLHXDJUDGHoR 0HXSDLHXDJUDGHoR
 
 
9HULQKD0DUFKD 9HULQKD0DUFKD
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
0(83$,(8$*5$'(d2 BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
0(83$,(8$*5$'(d2

0(83$,(8$*5$'(d2
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB 0(83$,(8$*5$'(d2
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
9HULQKD0DUFKD 9HULQKD0DUFKD
 

 
0HXSDLHXDJUDGHoR 0HXSDLHXDJUDGHoR
3RUHVWDSULPR]LD 3RUHVWDSULPR]LD
)RLWDQWDSHUIHLomR )RLWDQWDSHUIHLomR
4XHHXQmRPHUHFLD 4XHHXQmRPHUHFLD
 
(XYLWRGDVHVWUHODV (XYLWRGDVHVWUHODV
6HQWLRYRVVRDPRU 6HQWLRYRVVRDPRU
)RLFRPRPHDWXDVVH )RLFRPRPHDWXDVVH
'DTXLORTXHHXVRX 'DTXLORTXHHXVRX
 
1RDOWRGDPRQWDQKD 1RDOWRGDPRQWDQKD
(VWiRPHXMDUGLP (VWiRPHXMDUGLP
(XROKRSRUPDPmH (XROKRSRUPDPmH
(HODROKDSRUPLP (HODROKDSRUPLP
 
 
 
 
 
 
 
1RSRQWRHPTXHHVWRX 1RSRQWRHPTXHHVWRX
+RQUDQGRHVWHSUHVHQWH +RQUDQGRHVWHSUHVHQWH
0RVWUDQGRRPHXYDORU 0RVWUDQGRRPHXYDORU
$TXLYRXWHUPLQDU $TXLYRXWHUPLQDU
 
&RQIRUPHRVHQKRUTXLV &RQIRUPHRVHQKRUTXLV
$SUHQGHQGRQHVWDYLGD $SUHQGHQGRQHVWDYLGD
(XYLYRWmRIHOL] (XYLYRWmRIHOL]
6XSUHPRFULDGRU 6XSUHPRFULDGRU
 
$PRUQRFRUDomR $PRUQRFRUDomR
4XHURVHUHWHUQDPHQWH 4XHURVHUHWHUQDPHQWH
(XURJRRVHXSHUGmR (XURJRRVHXSHUGmR
0HXSDLXQLYHUVDO 0HXSDLXQLYHUVDO
 
%DQGHLUDGRPHXSDL %DQGHLUDGRPHXSDL
9LGHVIUDOGDUHPDUFRtULV 9LGHVIUDOGDUHPDUFRtULV
6XELOiQRDVWUDO 6XELOiQRDVWUDO
3DVVHLSRUVRIULPHQWR 3DVVHLSRUVRIULPHQWR

3DVVHLSRUVRIULPHQWR 3DVVHLSRUVRIULPHQWR
6XELOiQRDVWUDO 6XELOiQRDVWUDO
9LGHVIUDOGDUHPDUFRtULV 9LGHVIUDOGDUHPDUFRtULV
%DQGHLUDGRPHXSDL %DQGHLUDGRPHXSDL
 
0HXSDLXQLYHUVDO 0HXSDLXQLYHUVDO
(XURJRRVHXSHUGmR (XURJRRVHXSHUGmR
4XHURVHUHWHUQDPHQWH 4XHURVHUHWHUQDPHQWH
$PRUQRFRUDomR $PRUQRFRUDomR
 
6XSUHPRFULDGRU 6XSUHPRFULDGRU
(XYLYRWmRIHOL] (XYLYRWmRIHOL]
$SUHQGHQGRQHVWDYLGD $SUHQGHQGRQHVWDYLGD
&RQIRUPHRVHQKRUTXLV &RQIRUPHRVHQKRUTXLV
 
$TXLYRXWHUPLQDU $TXLYRXWHUPLQDU
0RVWUDQGRRPHXYDORU 0RVWUDQGRRPHXYDORU
+RQUDQGRHVWHSUHVHQWH +RQUDQGRHVWHSUHVHQWH
1RSRQWRHPTXHHVWRX 1RSRQWRHPTXHHVWRX
 
 
 
 

 
 
 
3UDSDVVDUQHVVDYHUWLJHP 3UDSDVVDUQHVVDYHUWLJHP
3HoRIRUoDDRSDLHWHUQR 3HoRIRUoDDRSDLHWHUQR
3UDYROWDUDPLQKDRULJHP 3UDYROWDUDPLQKDRULJHP
9RXEXVFDUPLQKDFHUWH]D 9RXEXVFDUPLQKDFHUWH]D
 
-iDQGDEHPFHUWLQKR -iDQGDEHPFHUWLQKR
4XHPDQGDFRQIRUPDGR 4XHPDQGDFRQIRUPDGR
(OHIDODEHPEDL[LQKR (OHIDODEHPEDL[LQKR
2PHVWUHMiYHPDYLVDQGR 2PHVWUHMiYHPDYLVDQGR
 
9DPRVDVGRUHVVXSRUWDU 9DPRVDVGRUHVVXSRUWDU
9DPRVDVJUDoDVUHFHEHU 9DPRVDVJUDoDVUHFHEHU
(pSUHFLVRVHKXPLOKDU (pSUHFLVRVHKXPLOKDU
2WHPSRYHPDQXQFLDQGR 2WHPSRYHPDQXQFLDQGR
 
 
7DGHX0DUFKD 7DGHX0DUFKD
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
27(0329(0$181&,$1'2 BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
27(0329(0$181&,$1'2

27(0329(0$181&,$1'2
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB 27(0329(0$181&,$1'2
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
7DGHX0DUFKD 7DGHX0DUFKD
 

 
2WHPSRYHPDQXQFLDQGR 2WHPSRYHPDQXQFLDQGR
(pSUHFLVRVHKXPLOKDU (pSUHFLVRVHKXPLOKDU
9DPRVDVJUDoDVUHFHEHU 9DPRVDVJUDoDVUHFHEHU
9DPRVDVGRUHVVXSRUWDU 9DPRVDVGRUHVVXSRUWDU
 
2PHVWUHMiYHPDYLVDQGR 2PHVWUHMiYHPDYLVDQGR
(OHIDODEHPEDL[LQKR (OHIDODEHPEDL[LQKR
4XHPDQGDFRQIRUPDGR 4XHPDQGDFRQIRUPDGR
-iDQGDEHPFHUWLQKR -iDQGDEHPFHUWLQKR
 
9RXEXVFDUPLQKDFHUWH]D 9RXEXVFDUPLQKDFHUWH]D
3UDYROWDUDPLQKDRULJHP 3UDYROWDUDPLQKDRULJHP
3HoRIRUoDDRSDLHWHUQR 3HoRIRUoDDRSDLHWHUQR
3UDSDVVDUQHVVDYHUWLJHP 3UDSDVVDUQHVVDYHUWLJHP
 
 
 
 
 
 
 
 
 
9RXFROKHQGRRPHXFDPLQKR 9RXFROKHQGRRPHXFDPLQKR
(VVHMDUGLPpDHVFROD (VVHMDUGLPpDHVFROD
3DUDRXWURDOpPGHPLP 3DUDRXWURDOpPGHPLP
1mRTXHLUD'HXVTXHHXROKH 1mRTXHLUD'HXVTXHHXROKH
 
3UDHXRXYLURSURIHVVRU 3UDHXRXYLURSURIHVVRU
'DLPH'HXVPDLVKXPLOGDGH 'DLPH'HXVPDLVKXPLOGDGH
/iQRVSpVGRPHXVHQKRU /iQRVSpVGRPHXVHQKRU
(XVRXEHPSHTXHQLQLQKR (XVRXEHPSHTXHQLQLQKR
 
1HPPXGHDGLUHomR 1HPPXGHDGLUHomR
0DVQmRSHUFDRFDPLQKR 0DVQmRSHUFDRFDPLQKR
4XHYHPOiGRFRUDomR 4XHYHPOiGRFRUDomR
2XoDDSULPHLUDYR] 2XoDDSULPHLUDYR]
 
 
 

 
 
 
2XoDDSULPHLUDYR] 2XoDDSULPHLUDYR]
4XHYHPOiGRFRUDomR 4XHYHPOiGRFRUDomR
0DVQmRSHUFDRFDPLQKR 0DVQmRSHUFDRFDPLQKR
1HPPXGHDGLUHomR 1HPPXGHDGLUHomR
 
(XVRXEHPSHTXHQLQLQKR (XVRXEHPSHTXHQLQLQKR
/iQRVSpVGRPHXVHQKRU /iQRVSpVGRPHXVHQKRU
'DLPH'HXVPDLVKXPLOGDGH 'DLPH'HXVPDLVKXPLOGDGH
3UDHXRXYLURSURIHVVRU 3UDHXRXYLURSURIHVVRU
 
1mRTXHLUD'HXVTXHHXROKH 1mRTXHLUD'HXVTXHHXROKH
3DUDRXWURDOpPGHPLP 3DUDRXWURDOpPGHPLP
(VVHMDUGLPpDHVFROD (VVHMDUGLPpDHVFROD
9RXFROKHQGRRPHXFDPLQKR 9RXFROKHQGRRPHXFDPLQKR
 
 
 
 
 
 
(TXHPHQWHQGHUYDLPHDOFDQoDQGR (TXHPHQWHQGHUYDLPHDOFDQoDQGR
$JRUDHXIDORQDPLQKDOtQJXD $JRUDHXIDORQDPLQKDOtQJXD
(XHQVLQDYDHHOH]RPEDYD (XHQVLQDYDHHOH]RPEDYD
6mR-RmRUHVSRQGHXDRPHVWUH 6mR-RmRUHVSRQGHXDRPHVWUH
 
2HQWHQGLPHQWRDLQGDYHPYLQGR 2HQWHQGLPHQWRDLQGDYHPYLQGR
0DVWHGRXHVVDQRYDOtQJXD 0DVWHGRXHVVDQRYDOtQJXD
1mRFDVWLJXHHVVHSRYRDLQGD 1mRFDVWLJXHHVVHSRYRDLQGD
-HVXV&ULVWRGLVVHD6mR-RmR -HVXV&ULVWRGLVVHD6mR-RmR
 
0DVRPHVWUHPDQGRXSDUDU 0DVRPHVWUHPDQGRXSDUDU
(OHLDGDURFDVWLJR (OHLDGDURFDVWLJR
'HWDQWRHOHSUHJDU 'HWDQWRHOHSUHJDU
6mR-RmRMiHVWDYDFDQVDGR 6mR-RmRMiHVWDYDFDQVDGR
 
4XHQLQJXpPQmRHVFXWDYD 4XHQLQJXpPQmRHVFXWDYD
0DVRSRYRHVWDYDUHEHOGH 0DVRSRYRHVWDYDUHEHOGH
(PRXWUDVOtQJXDVHOHSUHJDYD (PRXWUDVOtQJXDVHOHSUHJDYD
6mR-RmRHVWDYDQD7HUUD 6mR-RmRHVWDYDQD7HUUD
 
,VDEHO0DUFKD ,VDEHO0DUFKD
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
$129$92='2'(6(572 BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
$129$92='2'(6(572

$129$92='2'(6(572
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB $129$92='2'(6(572
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
,VDEHO0DUFKD ,VDEHO0DUFKD
 
6mR-RmRHVWDYDQD7HUUD 6mR-RmRHVWDYDQD7HUUD
(PRXWUDVOtQJXDVHOHSUHJDYD (PRXWUDVOtQJXDVHOHSUHJDYD
0DVRSRYRHVWDYDUHEHOGH 0DVRSRYRHVWDYDUHEHOGH
4XHQLQJXpPQmRHVFXWDYD 4XHQLQJXpPQmRHVFXWDYD
 
6mR-RmRMiHVWDYDFDQVDGR 6mR-RmRMiHVWDYDFDQVDGR
'HWDQWRHOHSUHJDU 'HWDQWRHOHSUHJDU
(OHLDGDURFDVWLJR (OHLDGDURFDVWLJR
0DVRPHVWUHPDQGRXSDUDU 0DVRPHVWUHPDQGRXSDUDU
 
-HVXV&ULVWRGLVVHD6mR-RmR -HVXV&ULVWRGLVVHD6mR-RmR
1mRFDVWLJXHHVVHSRYRDLQGD 1mRFDVWLJXHHVVHSRYRDLQGD
0DVWHGRXHVVDQRYDOtQJXD 0DVWHGRXHVVDQRYDOtQJXD
2HQWHQGLPHQWRDLQGDYHPYLQGR 2HQWHQGLPHQWRDLQGDYHPYLQGR
 
6mR-RmRUHVSRQGHXDRPHVWUH 6mR-RmRUHVSRQGHXDRPHVWUH
(XHQVLQDYDHHOH]RPEDYD (XHQVLQDYDHHOH]RPEDYD
$JRUDHXIDORQDPLQKDOtQJXD $JRUDHXIDORQDPLQKDOtQJXD
(TXHPHQWHQGHUYDLPHDOFDQoDQGR (TXHPHQWHQGHUYDLPHDOFDQoDQGR
 
 
 
 
$YR]YHPYLQGRHHODpRDPRU $YR]YHPYLQGRHHODpRDPRU
2GHVHUWRpFDGDXP 2GHVHUWRpFDGDXP
'DUHVVDSURYDDQRVVRSDVWRU 'DUHVVDSURYDDQRVVRSDVWRU
9DPRVWRGRVPHXVILOKRV 9DPRVWRGRVPHXVILOKRV
 
(PHHVFXWHPEHPGHSHUWLQKR (PHHVFXWHPEHPGHSHUWLQKR
3RQKDRRXYLGROiQDSDQHOD 3RQKDRRXYLGROiQDSDQHOD
4XHHODpDYR]GRQRVVRSDGULQKR 4XHHODpDYR]GRQRVVRSDGULQKR
6LJDPDYR]GRGHVHUWR 6LJDPDYR]GRGHVHUWR
 
(P-HVXV&ULVWRHQRSDLFULDGRU (P-HVXV&ULVWRHQRSDLFULDGRU
&RQILDUHPPDPmHGRFpX &RQILDUHPPDPmHGRFpX
6ypSUHFLVRpWHUDPRU 6ypSUHFLVRpWHUDPRU
5HVXPLQGRWXGR 5HVXPLQGRWXGR
 
(VyYDLSDVVDUTXHPMiHVWiGHVSHUWR (VyYDLSDVVDUTXHPMiHVWiGHVSHUWR
3RUTXHHVWHpRILQDOGRVWHPSRV 3RUTXHHVWHpRILQDOGRVWHPSRV
(QWHQGDPDQRYDYR]GRGHVHUWR (QWHQGDPDQRYDYR]GRGHVHUWR
0HXSRYRSUHVWHDWHQomR 0HXSRYRSUHVWHDWHQomR

0HXSRYRSUHVWHDWHQomR 0HXSRYRSUHVWHDWHQomR
(QWHQGDPDQRYDYR]GRGHVHUWR (QWHQGDPDQRYDYR]GRGHVHUWR
3RUTXHHVWHpRILQDOGRVWHPSRV 3RUTXHHVWHpRILQDOGRVWHPSRV
(VyYDLSDVVDUTXHPMiHVWiGHVSHUWR (VyYDLSDVVDUTXHPMiHVWiGHVSHUWR
 
5HVXPLQGRWXGR 5HVXPLQGRWXGR
6ypSUHFLVRpWHUDPRU 6ypSUHFLVRpWHUDPRU
&RQILDUHPPDPmHGRFpX &RQILDUHPPDPmHGRFpX
(P-HVXV&ULVWRHQRSDLFULDGRU (P-HVXV&ULVWRHQRSDLFULDGRU
 
6LJDPDYR]GRGHVHUWR 6LJDPDYR]GRGHVHUWR
4XHHODpDYR]GRQRVVRSDGULQKR 4XHHODpDYR]GRQRVVRSDGULQKR
3RQKDRRXYLGROiQDSDQHOD 3RQKDRRXYLGROiQDSDQHOD
(PHHVFXWHPEHPGHSHUWLQKR (PHHVFXWHPEHPGHSHUWLQKR
 
9DPRVWRGRVPHXVILOKRV 9DPRVWRGRVPHXVILOKRV
'DUHVVDSURYDDQRVVRSDVWRU 'DUHVVDSURYDDQRVVRSDVWRU
2GHVHUWRpFDGDXP 2GHVHUWRpFDGDXP
$YR]YHPYLQGRHHODpRDPRU $YR]YHPYLQGRHHODpRDPRU
 
 
 
 

 
 
 
9yVVRLVGRPLQDGRU 9yVVRLVGRPLQDGRU
9ROWDVWHFRPRXWURQRPH 9ROWDVWHFRPRXWURQRPH
0HXPHVWUHLPSHUDGRU 0HXPHVWUHLPSHUDGRU
0HXUHLPHXUHLPHXUHL 0HXUHLPHXUHLPHXUHL
 
'DFRUWHGHFULVWDO 'DFRUWHGHFULVWDO
6RLV'HXVDDPRURVD 6RLV'HXVDDPRURVD
5DLQKDXQLYHUVDO 5DLQKDXQLYHUVDO
0LQKDPmHPLQKDPmHPLQKDPmH 0LQKDPmHPLQKDPmHPLQKDPmH
 
0HHQVLQDDWHUDPRU 0HHQVLQDDWHUDPRU
0HOLYUDGDVDQJ~VWLDV 0HOLYUDGDVDQJ~VWLDV
2K0HXSDLFULDGRU 2K0HXSDLFULDGRU
0HXSDLPHXSDLPHXSDL 0HXSDLPHXSDLPHXSDL
 
 
0LULP0DUFKD 0LULP0DUFKD
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
0(83$, BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
0(83$,

0(83$,
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB 0(83$,
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
0LULP0DUFKD 0LULP0DUFKD
 

 
0HXSDLPHXSDLPHXSDL 0HXSDLPHXSDLPHXSDL
2K0HXSDLFULDGRU 2K0HXSDLFULDGRU
0HOLYUDGDVDQJ~VWLDV 0HOLYUDGDVDQJ~VWLDV
0HHQVLQDDWHUDPRU 0HHQVLQDDWHUDPRU
 
0LQKDPmHPLQKDPmHPLQKDPmH 0LQKDPmHPLQKDPmHPLQKDPmH
5DLQKDXQLYHUVDO 5DLQKDXQLYHUVDO
6RLV'HXVDDPRURVD 6RLV'HXVDDPRURVD
'DFRUWHGHFULVWDO 'DFRUWHGHFULVWDO
 
0HXUHLPHXUHLPHXUHL 0HXUHLPHXUHLPHXUHL
0HXPHVWUHLPSHUDGRU 0HXPHVWUHLPSHUDGRU
9ROWDVWHFRPRXWURQRPH 9ROWDVWHFRPRXWURQRPH
9yVVRLVGRPLQDGRU 9yVVRLVGRPLQDGRU
 
 
 
 
 
 
 
 
 
$PpPDPpPDPpP $PpPDPpPDPpP
6DOYHDOX]GHVVHFUX]HLUR 6DOYHDOX]GHVVHFUX]HLUR
9LYDD7HUUDWDPEpP 9LYDD7HUUDWDPEpP
+RVDQDQDVDOWXUDV +RVDQDQDVDOWXUDV
 
/iYHPOiYHPOiYHP /iYHPOiYHPOiYHP
-HVXV&ULVWR5HGHQWRU -HVXV&ULVWR5HGHQWRU
6DXGDGHGH%HOpP 6DXGDGHGH%HOpP
2K0LQKDVDQWDHVWUHOD 2K0LQKDVDQWDHVWUHOD
 
-iYHPUDVJDQGRRYpX -iYHPUDVJDQGRRYpX
6RXHXHXVRXVRXHX 6RXHXHXVRXVRXHX
/iHXHVWRXWDPEpP /iHXHVWRXWDPEpP
1RDOWROiGRFpX 1RDOWROiGRFpX
 
 
 

 
 
 
1RDOWROiGRFpX 1RDOWROiGRFpX
/iHXHVWRXWDPEpP /iHXHVWRXWDPEpP
6RXHXHXVRXVRXHX 6RXHXHXVRXVRXHX
-iYHPUDVJDQGRRYpX -iYHPUDVJDQGRRYpX
 
2K0LQKDVDQWDHVWUHOD 2K0LQKDVDQWDHVWUHOD
6DXGDGHGH%HOpP 6DXGDGHGH%HOpP
-HVXV&ULVWR5HGHQWRU -HVXV&ULVWR5HGHQWRU
/iYHPOiYHPOiYHP /iYHPOiYHPOiYHP
 
+RVDQDQDVDOWXUDV +RVDQDQDVDOWXUDV
9LYDD7HUUDWDPEpP 9LYDD7HUUDWDPEpP
6DOYHDOX]GHVVHFUX]HLUR 6DOYHDOX]GHVVHFUX]HLUR
$PpPDPpPDPpP $PpPDPpPDPpP
 
 
 
 
 
 
4XHHQVLQDHGRPLQD 4XHHQVLQDHGRPLQD
9LYDRSDSDLGRFpX 9LYDRSDSDLGRFpX
4XHYHPOiGHFLPD 4XHYHPOiGHFLPD
(XGRXYLYDDHVVHPLVWpULR (XGRXYLYDDHVVHPLVWpULR
 
3DUDHODGDUQRPDU 3DUDHODGDUQRPDU
6RSUDHVVDEDUTXLQKD 6RSUDHVVDEDUTXLQKD
4XHSUDPLPFKHJDU 4XHSUDPLPFKHJDU
6DQWD%iUEDUDPHSURWHMD 6DQWD%iUEDUDPHSURWHMD
 
4XHpTXHPJXLDDWUDYHVVLD 4XHpTXHPJXLDDWUDYHVVLD
7HUIpQDYLUJHPPmH 7HUIpQDYLUJHPPmH
'DHVSHUDQoDGHXPGLD 'DHVSHUDQoDGHXPGLD
(XTXHURDFHUWH]D (XTXHURDFHUWH]D
 
1mRWHUiDSHODomR 1mRWHUiDSHODomR
$JRUDGDTXLSUDIUHQWH $JRUDGDTXLSUDIUHQWH
(WRGRVSUHVWHPDWHQomR (WRGRVSUHVWHPDWHQomR
(XGLJRDRVPHXVLUPmRV (XGLJRDRVPHXVLUPmRV
 
0DUOHQH0DUFKD 0DUOHQH0DUFKD
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
35(/(d2 BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
35(/(d2

35(/(d2
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB 35(/(d2
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
0DUOHQH0DUFKD 0DUOHQH0DUFKD
 
(XGLJRDRVPHXVLUPmRV (XGLJRDRVPHXVLUPmRV
(WRGRVSUHVWHPDWHQomR (WRGRVSUHVWHPDWHQomR
$JRUDGDTXLSUDIUHQWH $JRUDGDTXLSUDIUHQWH
1mRWHUiDSHODomR 1mRWHUiDSHODomR
 
(XTXHURDFHUWH]D (XTXHURDFHUWH]D
'DHVSHUDQoDGHXPGLD 'DHVSHUDQoDGHXPGLD
7HUIpQDYLUJHPPmH 7HUIpQDYLUJHPPmH
4XHpTXHPJXLDDWUDYHVVLD 4XHpTXHPJXLDDWUDYHVVLD
 
6DQWD%iUEDUDPHSURWHMD 6DQWD%iUEDUDPHSURWHMD
4XHSUDPLPFKHJDU 4XHSUDPLPFKHJDU
6RSUDHVVDEDUTXLQKD 6RSUDHVVDEDUTXLQKD
3DUDHODGDUQRPDU 3DUDHODGDUQRPDU
 
(XGRXYLYDDHVVHPLVWpULR (XGRXYLYDDHVVHPLVWpULR
4XHYHPOiGHFLPD 4XHYHPOiGHFLPD
9LYDRSDSDLGRFpX 9LYDRSDSDLGRFpX
4XHHQVLQDHGRPLQD 4XHHQVLQDHGRPLQD
 
 
 
 
1mRGHL[DRPDOGHUULEDU 1mRGHL[DRPDOGHUULEDU
6XVWHQWDHVVHILOKR 6XVWHQWDHVVHILOKR
3UDHXFRQWLQXDU 3UDHXFRQWLQXDU
0HXPHVWUHPHGiIRUoD 0HXPHVWUHPHGiIRUoD
 
/iGHGHQWURGHXPFLSy /iGHGHQWURGHXPFLSy
5HSODQWRX6DQWDV'RXWULQDV 5HSODQWRX6DQWDV'RXWULQDV
6HXVDQJXHpRXURHPSy 6HXVDQJXHpRXURHPSy
-HVXV&ULVWRYHLRD7HUUD -HVXV&ULVWRYHLRD7HUUD
 
4XHDJRUDHVWiQRUHOKR 4XHDJRUDHVWiQRUHOKR
)XQGHPMiRUHLQR )XQGHPMiRUHLQR
+HUGHLURVGDVHVWUHODV +HUGHLURVGDVHVWUHODV
+RPHQVHPXOKHUHV +RPHQVHPXOKHUHV
 
9LYD6DQWD,VDEHO 9LYD6DQWD,VDEHO
6mR-RmRFKHJRXQD7HUUD 6mR-RmRFKHJRXQD7HUUD
2VHXIDYRGHPHO 2VHXIDYRGHPHO
)RLHOHTXHPDQGRX )RLHOHTXHPDQGRX

)RLHOHTXHPDQGRX )RLHOHTXHPDQGRX
2VHXIDYRGHPHO 2VHXIDYRGHPHO
6mR-RmRFKHJRXQD7HUUD 6mR-RmRFKHJRXQD7HUUD
9LYD6DQWD,VDEHO 9LYD6DQWD,VDEHO
 
+RPHQVHPXOKHUHV +RPHQVHPXOKHUHV
+HUGHLURVGDVHVWUHODV +HUGHLURVGDVHVWUHODV
)XQGHPMiRUHLQR )XQGHPMiRUHLQR
4XHDJRUDHVWiQRUHOKR 4XHDJRUDHVWiQRUHOKR
 
-HVXV&ULVWRYHLRD7HUUD -HVXV&ULVWRYHLRD7HUUD
6HXVDQJXHpRXURHPSy 6HXVDQJXHpRXURHPSy
5HSODQWRX6DQWDV'RXWULQDV 5HSODQWRX6DQWDV'RXWULQDV
/iGHGHQWURGHXPFLSy /iGHGHQWURGHXPFLSy
 
0HXPHVWUHPHGiIRUoD 0HXPHVWUHPHGiIRUoD
3UDHXFRQWLQXDU 3UDHXFRQWLQXDU
6XVWHQWDHVVHILOKR 6XVWHQWDHVVHILOKR
1mRGHL[DRPDOGHUULEDU 1mRGHL[DRPDOGHUULEDU
 
 
 
 
 
 
%ULOKRFODURQRSURIXQGR %ULOKRFODURQRSURIXQGR
9LYDDOX]GDVYLUJHQV 9LYDDOX]GDVYLUJHQV
7UHPXODQGRQHVVHPXQGR 7UHPXODQGRQHVVHPXQGR
9LYDDOX]GHVVHVPHQLQRV 9LYDDOX]GHVVHVPHQLQRV
 
(DJRUDTXHPYDLSDJDU" (DJRUDTXHPYDLSDJDU"
4XLVHUDPYLRODU 4XLVHUDPYLRODU
)RLSDUDVXDYL]DU )RLSDUDVXDYL]DU
6DQWD0DULDYHLRDRPXQGR 6DQWD0DULDYHLRDRPXQGR
 
(HXQmRYRXPDLVUHSHWLU (HXQmRYRXPDLVUHSHWLU
2MRJRHVWiDEHUWR 2MRJRHVWiDEHUWR
'RPHXUHL'DYL 'RPHXUHL'DYL
,VVRDTXLpSUHOHomR ,VVRDTXLpSUHOHomR
 
(pSURVPHXVLUPmRVVHJXLU (pSURVPHXVLUPmRVVHJXLU
(VWRXWUDYDQGRXPDVEDWDOKDV (VWRXWUDYDQGRXPDVEDWDOKDV
3UDTXHPTXLVHURXYLU 3UDTXHPTXLVHURXYLU
&RQWLQXDQGRGLJR &RQWLQXDQGRGLJR

&RQWLQXDQGRGLJR &RQWLQXDQGRGLJR
3UDTXHPTXLVHURXYLU 3UDTXHPTXLVHURXYLU
(VWRXWUDYDQGRXPDVEDWDOKDV (VWRXWUDYDQGRXPDVEDWDOKDV
(pSURVPHXVLUPmRVVHJXLU (pSURVPHXVLUPmRVVHJXLU
 
,VVRDTXLpSUHOHomR ,VVRDTXLpSUHOHomR
'RPHXUHL'DYL 'RPHXUHL'DYL
2MRJRHVWiDEHUWR 2MRJRHVWiDEHUWR
(HXQmRYRXPDLVUHSHWLU (HXQmRYRXPDLVUHSHWLU
 
6DQWD0DULDYHLRDRPXQGR 6DQWD0DULDYHLRDRPXQGR
)RLSDUDVXDYL]DU )RLSDUDVXDYL]DU
4XLVHUDPYLRODU 4XLVHUDPYLRODU
(DJRUDTXHPYDLSDJDU" (DJRUDTXHPYDLSDJDU"
 
9LYDDOX]GHVVHVPHQLQRV 9LYDDOX]GHVVHVPHQLQRV
7UHPXODQGRQHVVHPXQGR 7UHPXODQGRQHVVHPXQGR
9LYDDOX]GDVYLUJHQV 9LYDDOX]GDVYLUJHQV
%ULOKRFODURQRSURIXQGR %ULOKRFODURQRSURIXQGR
 
 
 
 
 
 
eRVHQKRUUHL6DORPmR eRVHQKRUUHL6DORPmR
4XHPHVWiH[HFXWDQGR 4XHPHVWiH[HFXWDQGR
(VWiHPH[HFXomR (VWiHPH[HFXomR
-XVWLoDpSDUDWRGRV -XVWLoDpSDUDWRGRV
 
(XDJRUDYRXFREUDU (XDJRUDYRXFREUDU
0DVRTXHPHGLVVHUHP 0DVRTXHPHGLVVHUHP
3UDSRGHUHQVLQDU 3UDSRGHUHQVLQDU
9RXGDUSURYDGRTXHGLJR 9RXGDUSURYDGRTXHGLJR
 
(VHWRUQDUVHXFDYDOHLUR (VHWRUQDUVHXFDYDOHLUR
6HVDJUDUHP6mR-RmR 6HVDJUDUHP6mR-RmR
'R6ROHPHQVDJHLURV 'R6ROHPHQVDJHLURV
6HOHPEUDPTXHVmRLUPmRV 6HOHPEUDPTXHVmRLUPmRV
 
(XQLmRGHQyVHP&ULVWR (XQLmRGHQyVHP&ULVWR
$OHJULDQRWUDEDOKR $OHJULDQRWUDEDOKR
&XPSULPHQWRGRMiGLWR &XPSULPHQWRGRMiGLWR
9LYDRUHVSHLWRHDOHDOGDGH 9LYDRUHVSHLWRHDOHDOGDGH

9LYDRUHVSHLWRHDOHDOGDGH 9LYDRUHVSHLWRHDOHDOGDGH
&XPSULPHQWRGRMiGLWR &XPSULPHQWRGRMiGLWR
$OHJULDQRWUDEDOKR $OHJULDQRWUDEDOKR
(XQLmRGHQyVHP&ULVWR (XQLmRGHQyVHP&ULVWR
 
6HOHPEUDPTXHVmRLUPmRV 6HOHPEUDPTXHVmRLUPmRV
'R6ROHPHQVDJHLURV 'R6ROHPHQVDJHLURV
6HVDJUDUHP6mR-RmR 6HVDJUDUHP6mR-RmR
(VHWRUQDUVHXFDYDOHLUR (VHWRUQDUVHXFDYDOHLUR
 
9RXGDUSURYDGRTXHGLJR 9RXGDUSURYDGRTXHGLJR
3UDSRGHUHQVLQDU 3UDSRGHUHQVLQDU
0DVRTXHPHGLVVHUHP 0DVRTXHPHGLVVHUHP
(XDJRUDYRXFREUDU (XDJRUDYRXFREUDU
 
-XVWLoDpSDUDWRGRV -XVWLoDpSDUDWRGRV
(VWiHPH[HFXomR (VWiHPH[HFXomR
4XHPHVWiH[HFXWDQGR 4XHPHVWiH[HFXWDQGR
eRVHQKRUUHL6DORPmR eRVHQKRUUHL6DORPmR
 
 
 
 
 
 
9DPRVQRVSHUGRDUWDPEpP 9DPRVQRVSHUGRDUWDPEpP
0DPmHPHSHUGRRX 0DPmHPHSHUGRRX
3URVILQDLVGRWHPSR 3URVILQDLVGRWHPSR
2FDVWLJRLDVHUGDGR 2FDVWLJRLDVHUGDGR
 
1yVYDPRVSRGHUORXYDU 1yVYDPRVSRGHUORXYDU
4XDQGRIRUPRVPHOKRUDQGR 4XDQGRIRUPRVPHOKRUDQGR
4XHQmRSXGHUDPHVWDU 4XHQmRSXGHUDPHVWDU
'RXYLYDDWRGRVVDQWRV 'RXYLYDDWRGRVVDQWRV
 
(YLYDWRGDHVVDJHQWH (YLYDWRGDHVVDJHQWH
9LYD6mR6HEDVWLmR 9LYD6mR6HEDVWLmR
3UDYHUVHQyVMiYHQFH 3UDYHUVHQyVMiYHQFH
(VWRXPHDSXUDQGR (VWRXPHDSXUDQGR
 
(TXDVHQLQJXpPDJHQWD (TXDVHQLQJXpPDJHQWD
%ULOKRGHXPD6DQWD&ODUD %ULOKRGHXPD6DQWD&ODUD
$KRUDGDWRUPHQWD $KRUDGDWRUPHQWD
0DQGHLPDLVXPDSURYD 0DQGHLPDLVXPDSURYD

0DQGHLPDLVXPDSURYD 0DQGHLPDLVXPDSURYD
$KRUDGDWRUPHQWD $KRUDGDWRUPHQWD
%ULOKRGHXPD6DQWD&ODUD %ULOKRGHXPD6DQWD&ODUD
(TXDVHQLQJXpPDJHQWD (TXDVHQLQJXpPDJHQWD
 
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3UDYHUVHQyVMiYHQFH 3UDYHUVHQyVMiYHQFH
9LYD6mR6HEDVWLmR 9LYD6mR6HEDVWLmR
(YLYDWRGDHVVDJHQWH (YLYDWRGDHVVDJHQWH
 
'RXYLYDDWRGRVVDQWRV 'RXYLYDDWRGRVVDQWRV
4XHQmRSXGHUDPHVWDU 4XHQmRSXGHUDPHVWDU
4XDQGRIRUPRVPHOKRUDQGR 4XDQGRIRUPRVPHOKRUDQGR
1yVYDPRVSRGHUORXYDU 1yVYDPRVSRGHUORXYDU
 
2FDVWLJRLDVHUGDGR 2FDVWLJRLDVHUGDGR
3URVILQDLVGRWHPSR 3URVILQDLVGRWHPSR
0DPmHPHSHUGRRX 0DPmHPHSHUGRRX
9DPRVQRVSHUGRDUWDPEpP 9DPRVQRVSHUGRDUWDPEpP
 
 
 
 

 
 
 
 
(GHL[HPRWHPSRHVWDU (GHL[HPRWHPSRHVWDU
)LUPHPHP-XUDPLGDP )LUPHPHP-XUDPLGDP
3UDSUHOHomRDFDEDU 3UDSUHOHomRDFDEDU
2PHX~OWLPRYHUVR 2PHX~OWLPRYHUVR
 
1mRGHVLVWDPSRUIDYRU 1mRGHVLVWDPSRUIDYRU
$KRUDpGDPXGDQoD $KRUDpGDPXGDQoD
3HGLQGRPXLWRDPRU 3HGLQGRPXLWRDPRU
$TXLYRXWHUPLQDU $TXLYRXWHUPLQDU
 
4XHDHVVHLPSpULRVHILUPDU 4XHDHVVHLPSpULRVHILUPDU
9LYDWRGDVDOLDQoDV 9LYDWRGDVDOLDQoDV
4XHpRPDLRUTXHKi 4XHpRPDLRUTXHKi
'RXYLYDDQRVVRPHVWUH 'RXYLYDDQRVVRPHVWUH
 
 
 

 
 
 
'RXYLYDDQRVVRPHVWUH 'RXYLYDDQRVVRPHVWUH
4XHpRPDLRUTXHKi 4XHpRPDLRUTXHKi
9LYDWRGDVDOLDQoDV 9LYDWRGDVDOLDQoDV
4XHDHVVHLPSpULRVHILUPDU 4XHDHVVHLPSpULRVHILUPDU
 
$TXLYRXWHUPLQDU $TXLYRXWHUPLQDU
3HGLQGRPXLWRDPRU 3HGLQGRPXLWRDPRU
$KRUDpGDPXGDQoD $KRUDpGDPXGDQoD
1mRGHVLVWDPSRUIDYRU 1mRGHVLVWDPSRUIDYRU
 
2PHX~OWLPRYHUVR 2PHX~OWLPRYHUVR
3UDSUHOHomRDFDEDU 3UDSUHOHomRDFDEDU
)LUPHPHP-XUDPLGDP )LUPHPHP-XUDPLGDP
(GHL[HPRWHPSRHVWDU (GHL[HPRWHPSRHVWDU
 
 
 
 

 
 

 
 
 
/X]HVD~GHHSURWHomR /X]HVD~GHHSURWHomR
3RUHOHVYHQKDGRDVWUDO 3RUHOHVYHQKDGRDVWUDO
)RUoDYLYDQRVDOmR )RUoDYLYDQRVDOmR
9LYDRVPHQLQRVSHUILODGRV 9LYDRVPHQLQRVSHUILODGRV
 
4XHpTXHPHXSDLTXHU 4XHpTXHPHXSDLTXHU
9LYDDFRUDJHPHDOHDOGDGH 9LYDDFRUDJHPHDOHDOGDGH
1RVJUDXVTXHVHHVWLYHU 1RVJUDXVTXHVHHVWLYHU
6DOYHRVJXHUUHLURVLOXVWUHV 6DOYHRVJXHUUHLURVLOXVWUHV
 
4XHID]HPH[LVWLUSHUGmR 4XHID]HPH[LVWLUSHUGmR
9LYDYLUWXGHHRHVIRUoR 9LYDYLUWXGHHRHVIRUoR
$TXLQHVWHVDOmR $TXLQHVWHVDOmR
*OyULDDVVHQKRUDV *OyULDDVVHQKRUDV
 
 
$QD$PpOLD0DUFKD $QD$PpOLD0DUFKD
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
2648$752%5$d26'$&58= BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
2648$752%5$d26'$&58=

2648$752%5$d26'$&58=
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB 2648$752%5$d26'$&58=
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
$QD$PpOLD0DUFKD $QD$PpOLD0DUFKD
 

 
*OyULDDVVHQKRUDV *OyULDDVVHQKRUDV
$TXLQHVWHVDOmR $TXLQHVWHVDOmR
9LYDYLUWXGHHRHVIRUoR 9LYDYLUWXGHHRHVIRUoR
4XHID]HPH[LVWLUSHUGmR 4XHID]HPH[LVWLUSHUGmR
 
6DOYHRVJXHUUHLURVLOXVWUHV 6DOYHRVJXHUUHLURVLOXVWUHV
1RVJUDXVTXHVHHVWLYHU 1RVJUDXVTXHVHHVWLYHU
9LYDDFRUDJHPHDOHDOGDGH 9LYDDFRUDJHPHDOHDOGDGH
4XHpTXHPHXSDLTXHU 4XHpTXHPHXSDLTXHU
 
9LYDRVPHQLQRVSHUILODGRV 9LYDRVPHQLQRVSHUILODGRV
)RUoDYLYDQRVDOmR )RUoDYLYDQRVDOmR
3RUHOHVYHQKDGRDVWUDO 3RUHOHVYHQKDGRDVWUDO
/X]HVD~GHHSURWHomR /X]HVD~GHHSURWHomR
 
 
 
 
 
 
 
 
 
4XHPMiYLXDPDHHVWUHPHFH 4XHPMiYLXDPDHHVWUHPHFH
9HUiVHXVHUGLYLQR 9HUiVHXVHUGLYLQR
4XHPILUPRXVHHVWDEHOHFH 4XHPILUPRXVHHVWDEHOHFH
(QODoDGRQDFRUUHQWH (QODoDGRQDFRUUHQWH
 
$TXLQRVDOmREDLODQGR $TXLQRVDOmREDLODQGR
6DOYHPHX-XUDPLGDP 6DOYHPHX-XUDPLGDP
4XHRFLSyYHPWUDQoDQGR 4XHRFLSyYHPWUDQoDQGR
6mRTXDWUREUDoRVGDFUX] 6mRTXDWUREUDoRVGDFUX]
 
ePRVWUDUDGXUDomR ePRVWUDUDGXUDomR
9RVVDJUDoDQHVWHPXQGR 9RVVDJUDoDQHVWHPXQGR
$PRUIORUHERWmR $PRUIORUHERWmR
6DOYHDVPHQLQDVHDVPRoDV 6DOYHDVPHQLQDVHDVPRoDV
 
 
 

 
 
 
6DOYHDVPHQLQDVHDVPRoDV 6DOYHDVPHQLQDVHDVPRoDV
$PRUIORUHERWmR $PRUIORUHERWmR
9RVVDJUDoDQHVWHPXQGR 9RVVDJUDoDQHVWHPXQGR
ePRVWUDUDGXUDomR ePRVWUDUDGXUDomR
 
6mRTXDWUREUDoRVGDFUX] 6mRTXDWUREUDoRVGDFUX]
4XHRFLSyYHPWUDQoDQGR 4XHRFLSyYHPWUDQoDQGR
6DOYHPHX-XUDPLGDP 6DOYHPHX-XUDPLGDP
$TXLQRVDOmREDLODQGR $TXLQRVDOmREDLODQGR
 
(QODoDGRQDFRUUHQWH (QODoDGRQDFRUUHQWH
4XHPILUPRXVHHVWDEHOHFH 4XHPILUPRXVHHVWDEHOHFH
9HUiVHXVHUGLYLQR 9HUiVHXVHUGLYLQR
4XHPMiYLXDPDHHVWUHPHFH 4XHPMiYLXDPDHHVWUHPHFH
 
 
 
 
 
 
9RXFRORFDUDPLQKDPHQWH 9RXFRORFDUDPLQKDPHQWH
 
6yIRJRHDPRU 6yIRJRHDPRU
6DLDPRVOiGHQRYR 6DLDPRVOiGHQRYR
'DYLGDHGRYDORU 'DYLGDHGRYDORU
(VWHpRMRJR (VWHpRMRJR
 
9RXFRORFDUDPLQKDPHQWH 9RXFRORFDUDPLQKDPHQWH
 
4XHPpTXHYDLDFKDU 4XHPpTXHYDLDFKDU
(VWDDFKDGHOX] (VWDDFKDGHOX]
1RIRJRTXHHVWi 1RIRJRTXHHVWi
$VVLPHXYRXPHPDQWHU $VVLPHXYRXPHPDQWHU
 
3DUDRPHXSDGULQKR 3DUDRPHXSDGULQKR
1DERFDGDIRUQDOKD 1DERFDGDIRUQDOKD
&ODUDHEHPOLPSLQKD &ODUDHEHPOLPSLQKD
9RXFRORFDUDPLQKDPHQWH 9RXFRORFDUDPLQKDPHQWH
 
0DUFKD 0DUFKD
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
$)251$/+$'2$025 BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
$)251$/+$'2$025

$)251$/+$'2$025
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB $)251$/+$'2$025
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
0DUFKD 0DUFKD
 
9RXFRORFDUDPLQKDPHQWH 9RXFRORFDUDPLQKDPHQWH
&ODUDHEHPOLPSLQKD &ODUDHEHPOLPSLQKD
1DERFDGDIRUQDOKD 1DERFDGDIRUQDOKD
3DUDRPHXSDGULQKR 3DUDRPHXSDGULQKR
 
$VVLPHXYRXPHPDQWHU $VVLPHXYRXPHPDQWHU
1RIRJRTXHHVWi 1RIRJRTXHHVWi
(VWDDFKDGHOX] (VWDDFKDGHOX]
4XHPpTXHYDLDFKDU 4XHPpTXHYDLDFKDU
 
9RXFRORFDUDPLQKDPHQWH 9RXFRORFDUDPLQKDPHQWH
 
(VWHpRMRJR (VWHpRMRJR
'DYLGDHGRYDORU 'DYLGDHGRYDORU
6DLDPRVOiGHQRYR 6DLDPRVOiGHQRYR
6yIRJRHDPRU 6yIRJRHDPRU
 
9RXFRORFDUDPLQKDPHQWH 9RXFRORFDUDPLQKDPHQWH
 
 
 
 
3DUDRPHXSDGULQKR 3DUDRPHXSDGULQKR
1DERFDGDIRUQDOKD 1DERFDGDIRUQDOKD
&ODUDHEHPOLPSLQKD &ODUDHEHPOLPSLQKD
9RXFRORFDUDPLQKDPHQWH 9RXFRORFDUDPLQKDPHQWH
 
'DIRUQDOKDGRDPRU 'DIRUQDOKDGRDPRU
4XHQyVVRPRVDOHQKD 4XHQyVVRPRVDOHQKD
1mRWHPDPRDUGHUHDGRU 1mRWHPDPRDUGHUHDGRU
$JRUDQmRHVPRUHoDP $JRUDQmRHVPRUHoDP
 
3DUDRPHXSDGULQKR 3DUDRPHXSDGULQKR
1DERFDGDIRUQDOKD 1DERFDGDIRUQDOKD
&ODUDHEHPOLPSLQKD &ODUDHEHPOLPSLQKD
9RXFRORFDUDPLQKDPHQWH 9RXFRORFDUDPLQKDPHQWH
 
2SDGULQKRQRVSUHJRX 2SDGULQKRQRVSUHJRX
$YLGDVHMDDVHQKD $YLGDVHMDDVHQKD
'H'HXVQRVVRVHQKRU 'H'HXVQRVVRVHQKRU
(VWHpRPLVWpULR (VWHpRPLVWpULR

(VWHpRPLVWpULR (VWHpRPLVWpULR
'H'HXVQRVVRVHQKRU 'H'HXVQRVVRVHQKRU
$YLGDVHMDDVHQKD $YLGDVHMDDVHQKD
2SDGULQKRQRVSUHJRX 2SDGULQKRQRVSUHJRX
 
9RXFRORFDUDPLQKDPHQWH 9RXFRORFDUDPLQKDPHQWH
&ODUDHEHPOLPSLQKD &ODUDHEHPOLPSLQKD
1DERFDGDIRUQDOKD 1DERFDGDIRUQDOKD
3DUDRPHXSDGULQKR 3DUDRPHXSDGULQKR
 
$JRUDQmRHVPRUHoDP $JRUDQmRHVPRUHoDP
1mRWHPDPRDUGHUHDGRU 1mRWHPDPRDUGHUHDGRU
4XHQyVVRPRVDOHQKD 4XHQyVVRPRVDOHQKD
'DIRUQDOKDGRDPRU 'DIRUQDOKDGRDPRU
 
9RXFRORFDUDPLQKDPHQWH 9RXFRORFDUDPLQKDPHQWH
&ODUDHEHPOLPSLQKD &ODUDHEHPOLPSLQKD
1DERFDGDIRUQDOKD 1DERFDGDIRUQDOKD
3DUDRPHXSDGULQKR 3DUDRPHXSDGULQKR
 
 
 
 
 
 
3DUDRPHXSDGULQKR 3DUDRPHXSDGULQKR
1DERFDGDIRUQDOKD 1DERFDGDIRUQDOKD
&ODUDHEHPOLPSLQKD &ODUDHEHPOLPSLQKD
9RXFRORFDUDPLQKDPHQWH 9RXFRORFDUDPLQKDPHQWH
 
e&ULVWRQRVVRVHQKRU e&ULVWRQRVVRVHQKRU
4XHPHVWiQRJDPELWR 4XHPHVWiQRJDPELWR
'RGLYLQRFULDGRU 'RGLYLQRFULDGRU
(VWDpDIRUQDOKD (VWDpDIRUQDOKD
 
3DUDRPHXSDGULQKR 3DUDRPHXSDGULQKR
1DERFDGDIRUQDOKD 1DERFDGDIRUQDOKD
&ODUDHEHPOLPSLQKD &ODUDHEHPOLPSLQKD
9RXFRORFDUDPLQKDPHQWH 9RXFRORFDUDPLQKDPHQWH
 
2VHUGHFDGDXP 2VHUGHFDGDXP
1DSDQHODHVWiIHUYHQGR 1DSDQHODHVWiIHUYHQGR
0DQWHQKDPRDUGRU 0DQWHQKDPRDUGRU
1mRWHPDPHVWDVHQGD 1mRWHPDPHVWDVHQGD

1mRWHPDPHVWDVHQGD 1mRWHPDPHVWDVHQGD
0DQWHQKDPRDUGRU 0DQWHQKDPRDUGRU
1DSDQHODHVWiIHUYHQGR 1DSDQHODHVWiIHUYHQGR
2VHUGHFDGDXP 2VHUGHFDGDXP
 
9RXFRORFDUDPLQKDPHQWH 9RXFRORFDUDPLQKDPHQWH
&ODUDHEHPOLPSLQKD &ODUDHEHPOLPSLQKD
1DERFDGDIRUQDOKD 1DERFDGDIRUQDOKD
3DUDRPHXSDGULQKR 3DUDRPHXSDGULQKR
 
(VWDpDIRUQDOKD (VWDpDIRUQDOKD
'RGLYLQRFULDGRU 'RGLYLQRFULDGRU
4XHPHVWiQRJDPELWR 4XHPHVWiQRJDPELWR
e&ULVWRQRVVRVHQKRU e&ULVWRQRVVRVHQKRU
 
9RXFRORFDUDPLQKDPHQWH 9RXFRORFDUDPLQKDPHQWH
&ODUDHEHPOLPSLQKD &ODUDHEHPOLPSLQKD
1DERFDGDIRUQDOKD 1DERFDGDIRUQDOKD
3DUDRPHXSDGULQKR 3DUDRPHXSDGULQKR
 
 
 
 

 
 
 
 
2SDGULQKRPHPDQGRX 2SDGULQKRPHPDQGRX
6DOYH'HXVOiQDVDOWXUDV 6DOYH'HXVOiQDVDOWXUDV
)RLRPHVWUHTXHPPDQGRX )RLRPHVWUHTXHPPDQGRX
$TXLHXPHHQWUHJR $TXLHXPHHQWUHJR
 
3DUDRPHXSDGULQKR 3DUDRPHXSDGULQKR
1DERFDGDIRUQDOKD 1DERFDGDIRUQDOKD
&ODUDHEHPOLPSLQKD &ODUDHEHPOLPSLQKD
9RXFRORFDUDPLQKDPHQWH 9RXFRORFDUDPLQKDPHQWH
 
7HQWDDEULURVHXFRUDomR 7HQWDDEULURVHXFRUDomR
'RGLYLQRVRLVUDLQKD 'RGLYLQRVRLVUDLQKD
(ID]HQGRDSXUDomR (ID]HQGRDSXUDomR
(VWDPRVOKHHVSHUDQGR (VWDPRVOKHHVSHUDQGR
 
 
 

 
 
 
(VWDPRVOKHHVSHUDQGR (VWDPRVOKHHVSHUDQGR
(ID]HQGRDSXUDomR (ID]HQGRDSXUDomR
'RGLYLQRVRLVUDLQKD 'RGLYLQRVRLVUDLQKD
7HQWDDEULURVHXFRUDomR 7HQWDDEULURVHXFRUDomR
 
9RXFRORFDUDPLQKDPHQWH 9RXFRORFDUDPLQKDPHQWH
&ODUDHEHPOLPSLQKD &ODUDHEHPOLPSLQKD
1DERFDGDIRUQDOKD 1DERFDGDIRUQDOKD
3DUDRPHXSDGULQKR 3DUDRPHXSDGULQKR
 
$TXLHXPHHQWUHJR $TXLHXPHHQWUHJR
)RLRPHVWUHTXHPPDQGRX )RLRPHVWUHTXHPPDQGRX
6DOYH'HXVOiQDVDOWXUDV 6DOYH'HXVOiQDVDOWXUDV
2SDGULQKRPHPDQGRX 2SDGULQKRPHPDQGRX
 
 
 
 
 
 

 
 
 
$WUDYHVVHRILUPDPHQWR $WUDYHVVHRILUPDPHQWR
3UDTXHDIRUoDGRRXWURSODQR 3UDTXHDIRUoDGRRXWURSODQR
(OHPEUDUQRSHQVDPHQWR (OHPEUDUQRSHQVDPHQWR
9DPRVILUPDURTXHHOHGLVVH 9DPRVILUPDURTXHHOHGLVVH
 
/iSUDRQGHRHXQRVWHP /iSUDRQGHRHXQRVWHP
3UDTXHDPHQWHGRHXQRVOHYH 3UDTXHDPHQWHGRHXQRVOHYH
9DPRVTXHUHURPHVPREHP 9DPRVTXHUHURPHVPREHP
9DPRVDPDUYDPRVOHPEUDU 9DPRVDPDUYDPRVOHPEUDU
 
4XHHVWiQRQRVVRDPRU 4XHHVWiQRQRVVRDPRU
&RQILHPRVQRSRGHU &RQILHPRVQRSRGHU
'HXPSDGULQKRTXHVHIRL 'HXPSDGULQKRTXHVHIRL
1HVVHGLDGDSDVVDJHP 1HVVHGLDGDSDVVDJHP
 
 
1RUPD0DUFKD 1RUPD0DUFKD
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
0,1+$52&+$ BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
0,1+$52&+$

0,1+$52&+$
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB 0,1+$52&+$
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
1RUPD0DUFKD 1RUPD0DUFKD
 

 
1HVVHGLDGDSDVVDJHP 1HVVHGLDGDSDVVDJHP
'HXPSDGULQKRTXHVHIRL 'HXPSDGULQKRTXHVHIRL
&RQILHPRVQRSRGHU &RQILHPRVQRSRGHU
4XHHVWiQRQRVVRDPRU 4XHHVWiQRQRVVRDPRU
 
9DPRVDPDUYDPRVOHPEUDU 9DPRVDPDUYDPRVOHPEUDU
9DPRVTXHUHURPHVPREHP 9DPRVTXHUHURPHVPREHP
3UDTXHDPHQWHGRHXQRVOHYH 3UDTXHDPHQWHGRHXQRVOHYH
/iSUDRQGHRHXQRVWHP /iSUDRQGHRHXQRVWHP
 
9DPRVILUPDURTXHHOHGLVVH 9DPRVILUPDURTXHHOHGLVVH
(OHPEUDUQRSHQVDPHQWR (OHPEUDUQRSHQVDPHQWR
3UDTXHDIRUoDGRRXWURSODQR 3UDTXHDIRUoDGRRXWURSODQR
$WUDYHVVHRILUPDPHQWR $WUDYHVVHRILUPDPHQWR
 
 
 
 
 
 
 
(GRRXWURODGRR6ROVHS{V (GRRXWURODGRR6ROVHS{V
$TXLDYLGDLOXPLQD $TXLDYLGDLOXPLQD
(QWUHRpHRMiVHIRL (QWUHRpHRMiVHIRL
&DGDPHQWHpDIURQWHLUD &DGDPHQWHpDIURQWHLUD
 
$EULOKDUQRDUUHERO $EULOKDUQRDUUHERO
6DOYHDIRUoDGHVWDURFKD 6DOYHDIRUoDGHVWDURFKD
(OiGHRQGHYHPR6RO (OiGHRQGHYHPR6RO
9LYDDEDQGDGR2ULHQWH 9LYDDEDQGDGR2ULHQWH
 
6yVHFROKHUiDPRU 6yVHFROKHUiDPRU
5HJDQGRHPHGLWDQGR 5HJDQGRHPHGLWDQGR
2XoDEHPREHLMDIORU 2XoDEHPREHLMDIORU
-DUGLQHLURDWHQFLRVR -DUGLQHLURDWHQFLRVR
 
1DVFHURXWUDHUYDGDQLQKD 1DVFHURXWUDHUYDGDQLQKD
1mRGHL[HQRSHQVDPHQWR 1mRGHL[HQRSHQVDPHQWR
'RFRUDomRGHYDJDULQKR 'RFRUDomRGHYDJDULQKR
1mRHVPRUHoDPQDEDWDOKD 1mRHVPRUHoDPQDEDWDOKD

1mRHVPRUHoDPQDEDWDOKD 1mRHVPRUHoDPQDEDWDOKD
'RFRUDomRGHYDJDULQKR 'RFRUDomRGHYDJDULQKR
1mRGHL[HQRSHQVDPHQWR 1mRGHL[HQRSHQVDPHQWR
1DVFHURXWUDHUYDGDQLQKD 1DVFHURXWUDHUYDGDQLQKD
 
-DUGLQHLURDWHQFLRVR -DUGLQHLURDWHQFLRVR
2XoDEHPREHLMDIORU 2XoDEHPREHLMDIORU
5HJDQGRHPHGLWDQGR 5HJDQGRHPHGLWDQGR
6yVHFROKHUiDPRU 6yVHFROKHUiDPRU
 
9LYDDEDQGDGR2ULHQWH 9LYDDEDQGDGR2ULHQWH
(OiGHRQGHYHPR6RO (OiGHRQGHYHPR6RO
6DOYHDIRUoDGHVWDURFKD 6DOYHDIRUoDGHVWDURFKD
$EULOKDUQRDUUHERO $EULOKDUQRDUUHERO
 
&DGDPHQWHpDIURQWHLUD &DGDPHQWHpDIURQWHLUD
(QWUHRpHRMiVHIRL (QWUHRpHRMiVHIRL
$TXLDYLGDLOXPLQD $TXLDYLGDLOXPLQD
(GRRXWURODGRR6ROVHS{V (GRRXWURODGRR6ROVHS{V
 
 
 
 

 
 
 
1DJXHUUDGHVWDGLYLQDPLOtFLD 1DJXHUUDGHVWDGLYLQDPLOtFLD
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+HUGDGRQHVWHFODPRUGHMXVWLoD +HUGDGRQHVWHFODPRUGHMXVWLoD
$PRUTXHHVWiMXQWRDHVWDYHUGDGH $PRUTXHHVWiMXQWRDHVWDYHUGDGH
 
2SHUGmRSDUDPLPHRVPHXVLUPmRV 2SHUGmRSDUDPLPHRVPHXVLUPmRV
(XSHoRSHORDPRUGDPLQKDPmH (XSHoRSHORDPRUGDPLQKDPmH
0LVWpULRTXHHVWiQRFRUDomR 0LVWpULRTXHHVWiQRFRUDomR
0LVWpULRTXHHVWiQRFRUDomR 0LVWpULRTXHHVWiQRFRUDomR
 
(XTXHURHVWDUFRPYyVMXQWRGHPLP (XTXHURHVWDUFRPYyVMXQWRGHPLP
(XTXHURHVWDUFRPYyVMXQWRGHPLP (XTXHURHVWDUFRPYyVMXQWRGHPLP
2K6HUHVTXHHVWmRQHVWHMDUGLP 2K6HUHVTXHHVWmRQHVWHMDUGLP
2K6HUHVTXHHVWmRQHVWHMDUGLP 2K6HUHVTXHHVWmRQHVWHMDUGLP
 
 
3G:LOVRQ0DUFKD 3G:LOVRQ0DUFKD
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
',9,1$0,/&,$ BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
',9,1$0,/&,$

',9,1$0,/&,$
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB ',9,1$0,/&,$
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
3G:LOVRQ0DUFKD 3G:LOVRQ0DUFKD
 

 
2K6HUHVTXHHVWmRQHVWHMDUGLP 2K6HUHVTXHHVWmRQHVWHMDUGLP
2K6HUHVTXHHVWmRQHVWHMDUGLP 2K6HUHVTXHHVWmRQHVWHMDUGLP
(XTXHURHVWDUFRPYyVMXQWRGHPLP (XTXHURHVWDUFRPYyVMXQWRGHPLP
(XTXHURHVWDUFRPYyVMXQWRGHPLP (XTXHURHVWDUFRPYyVMXQWRGHPLP
 
0LVWpULRTXHHVWiQRFRUDomR 0LVWpULRTXHHVWiQRFRUDomR
0LVWpULRTXHHVWiQRFRUDomR 0LVWpULRTXHHVWiQRFRUDomR
(XSHoRSHORDPRUGDPLQKDPmH (XSHoRSHORDPRUGDPLQKDPmH
2SHUGmRSDUDPLPHRVPHXVLUPmRV 2SHUGmRSDUDPLPHRVPHXVLUPmRV
 
$PRUTXHHVWiMXQWRDHVWDYHUGDGH $PRUTXHHVWiMXQWRDHVWDYHUGDGH
+HUGDGRQHVWHFODPRUGHMXVWLoD +HUGDGRQHVWHFODPRUGHMXVWLoD
(XVLQWRDVDQWDSD]GHVWDSUHVHQoD (XVLQWRDVDQWDSD]GHVWDSUHVHQoD
1DJXHUUDGHVWDGLYLQDPLOtFLD 1DJXHUUDGHVWDGLYLQDPLOtFLD
 
 
 
 
 
 
 
 
 
$JUDGHoRDTXHPPHWURX[HDHVWDFDVD $JUDGHoRDTXHPPHWURX[HDHVWDFDVD
(XDPRD-HVXV&ULVWRPHXVHQKRU (XDPRD-HVXV&ULVWRPHXVHQKRU
([DOWRHVWDSD]TXHPHDEUDVD ([DOWRHVWDSD]TXHPHDEUDVD
(ORXYRHVWDJOyULDTXHSUHVVLQWR (ORXYRHVWDJOyULDTXHSUHVVLQWR
 
5RVWRQDWHUUDHRHXQRHVSDoR 5RVWRQDWHUUDHRHXQRHVSDoR
4XHpPHXPHVWUH 4XHpPHXPHVWUH
0HSURVWURDHVWHSRGHU 0HSURVWURDHVWHSRGHU
4XHYHQFHDWHQWDomRTXHDLQGDIDOWD 4XHYHQFHDWHQWDomRTXHDLQGDIDOWD
2K)pTXHDYLGDFULDHVXVWHQWD 2K)pTXHDYLGDFULDHVXVWHQWD
 
(URJRSUDQmRPDLVSHUGHUGHYLVWD (URJRSUDQmRPDLVSHUGHUGHYLVWD
(XSHoRTXHQXQFDPDLVQDGDHXROKH (XSHoRTXHQXQFDPDLVQDGDHXROKH
3HUIHLWRFRPRDYLGDIRLSUHYLVWD 3HUIHLWRFRPRDYLGDIRLSUHYLVWD
6HJUHGRTXHHVWiDOpPGDPHQWH 6HJUHGRTXHHVWiDOpPGDPHQWH
 
 

 
 
6HJUHGRTXHHVWiDOpPGDPHQWH 6HJUHGRTXHHVWiDOpPGDPHQWH
3HUIHLWRFRPRDYLGDIRLSUHYLVWD 3HUIHLWRFRPRDYLGDIRLSUHYLVWD
(XSHoRTXHQXQFDPDLVQDGDHXROKH (XSHoRTXHQXQFDPDLVQDGDHXROKH
(URJRSUDQmRPDLVSHUGHUGHYLVWD (URJRSUDQmRPDLVSHUGHUGHYLVWD
 
2K)pTXHDYLGDFULDHVXVWHQWD 2K)pTXHDYLGDFULDHVXVWHQWD
4XHYHQFHDWHQWDomRTXHDLQGDIDOWD 4XHYHQFHDWHQWDomRTXHDLQGDIDOWD
0HSURVWURDHVWHSRGHU 0HSURVWURDHVWHSRGHU
4XHpPHXPHVWUH 4XHpPHXPHVWUH
5RVWRQDWHUUDHRHXQRHVSDoR 5RVWRQDWHUUDHRHXQRHVSDoR
 
(ORXYRHVWDJOyULDTXHSUHVVLQWR (ORXYRHVWDJOyULDTXHSUHVVLQWR
([DOWRHVWDSD]TXHPHDEUDVD ([DOWRHVWDSD]TXHPHDEUDVD
(XDPRD-HVXV&ULVWRPHXVHQKRU (XDPRD-HVXV&ULVWRPHXVHQKRU
$JUDGHoRDTXHPPHWURX[HDHVWDFDVD $JUDGHoRDTXHPPHWURX[HDHVWDFDVD
 
 
 
 
 
 
 
 
 
2QGHpRPHXOXJDU 2QGHpRPHXOXJDU
1HODSHUPDQHFHU 1HODSHUPDQHFHU
8PGLDDOFDQoDU 8PGLDDOFDQoDU
(XTXHURHVVDOX] (XTXHURHVVDOX]
 
eVHUQHVVHPRPHQWR eVHUQHVVHPRPHQWR
0HX'HXVTXHDOHJULD 0HX'HXVTXHDOHJULD
'HWXGRTXHHVWiVHQGR 'HWXGRTXHHVWiVHQGR
(XVRXDWHVWHPXQKD (XVRXDWHVWHPXQKD
 
(XVRXPXLWRPDLV (XVRXPXLWRPDLV
(XQmRVRXXPFRUSR (XQmRVRXXPFRUSR
2HXXQLYHUVDO 2HXXQLYHUVDO
(XVRXGRTXHpIHLWR (XVRXGRTXHpIHLWR
 
 
6ZDPL6LYDQDQGD0DUFKD 6ZDPL6LYDQDQGD0DUFKD
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
2(881,9(56$/ BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
2(881,9(56$/

2(881,9(56$/
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB 2(881,9(56$/
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
6ZDPL6LYDQDQGD0DUFKD 6ZDPL6LYDQDQGD0DUFKD
 
 
(XVRXGRTXHpIHLWR (XVRXGRTXHpIHLWR
2HXXQLYHUVDO 2HXXQLYHUVDO
(XQmRVRXXPFRUSR (XQmRVRXXPFRUSR
(XVRXPXLWRPDLV (XVRXPXLWRPDLV
 
(XVRXDWHVWHPXQKD (XVRXDWHVWHPXQKD
'HWXGRTXHHVWiVHQGR 'HWXGRTXHHVWiVHQGR
0HX'HXVTXHDOHJULD 0HX'HXVTXHDOHJULD
eVHUQHVVHPRPHQWR eVHUQHVVHPRPHQWR
 
(XTXHURHVVDOX] (XTXHURHVVDOX]
8PGLDDOFDQoDU 8PGLDDOFDQoDU
1HODSHUPDQHFHU 1HODSHUPDQHFHU
2QGHpRPHXOXJDU 2QGHpRPHXOXJDU
 
 
 
 
 
 
 
(DRVVHUHVGRDVWUDO (DRVVHUHVGRDVWUDO
$RVVDQWRVHQFDUQDGRV $RVVDQWRVHQFDUQDGRV
(XDJUDGHoRDPHXSDL (XDJUDGHoRDPHXSDL
7XGRTXHDSUHQGL 7XGRTXHDSUHQGL
 
6DOYHR5HLQRGH&ULVWDO 6DOYHR5HLQRGH&ULVWDO
9LYDRVHQKRU6KLYD 9LYDRVHQKRU6KLYD
(D/LQKD2ULHQWDO (D/LQKD2ULHQWDO
'RXYLYDDR6DQWR'DLPH 'RXYLYDDR6DQWR'DLPH
 
1yVYDPRVSDVVDU 1yVYDPRVSDVVDU
)LUPHQR(VStULWR6DQWR )LUPHQR(VStULWR6DQWR
4XHDPDWpULDTXHUSURYDU 4XHDPDWpULDTXHUSURYDU
$PRUWHpXPDPHQWLUD $PRUWHpXPDPHQWLUD
 
3DUDSRGHUPHDPDU 3DUDSRGHUPHDPDU
7HQKDPDLVFRQVFLrQFLD 7HQKDPDLVFRQVFLrQFLD
0HUHVSLUDQGRQHVVHDU 0HUHVSLUDQGRQHVVHDU
9RFrTXHHVWiDt 9RFrTXHHVWiDt

9RFrTXHHVWiDt 9RFrTXHHVWiDt
0HUHVSLUDQGRQHVVHDU 0HUHVSLUDQGRQHVVHDU
7HQKDPDLVFRQVFLrQFLD 7HQKDPDLVFRQVFLrQFLD
3DUDSRGHUPHDPDU 3DUDSRGHUPHDPDU
 
$PRUWHpXPDPHQWLUD $PRUWHpXPDPHQWLUD
4XHDPDWpULDTXHUSURYDU 4XHDPDWpULDTXHUSURYDU
)LUPHQR(VStULWR6DQWR )LUPHQR(VStULWR6DQWR
1yVYDPRVSDVVDU 1yVYDPRVSDVVDU
 
'RXYLYDDR6DQWR'DLPH 'RXYLYDDR6DQWR'DLPH
(D/LQKD2ULHQWDO (D/LQKD2ULHQWDO
9LYDRVHQKRU6KLYD 9LYDRVHQKRU6KLYD
6DOYHR5HLQRGH&ULVWDO 6DOYHR5HLQRGH&ULVWDO
 
7XGRTXHDSUHQGL 7XGRTXHDSUHQGL
(XDJUDGHoRDPHXSDL (XDJUDGHoRDPHXSDL
$RVVDQWRVHQFDUQDGRV $RVVDQWRVHQFDUQDGRV
(DRVVHUHVGRDVWUDO (DRVVHUHVGRDVWUDO
 
 
 
 

 
 
 
3DUDVHPSUHHXTXHURHVWDU 3DUDVHPSUHHXTXHURHVWDU
&RPHVWDVHQKRUDQDSURD &RPHVWDVHQKRUDQDSURD
(ODHVWiSDUDYROWDU (ODHVWiSDUDYROWDU
$FDQRDGHRXURHSUDWD $FDQRDGHRXURHSUDWD
 
3DUDTXHPQmRVHILUPDU 3DUDTXHPQmRVHILUPDU
2HVWURQGRYDLVHUJUDQGH 2HVWURQGRYDLVHUJUDQGH
'RTXHHOHGHFODUDU 'RTXHHOHGHFODUDU
$TXLILTXHPFLHQWHV $TXLILTXHPFLHQWHV
 
(HOHYHPMXVWLILFDU (HOHYHPMXVWLILFDU
2PHVWUHMiFKHJRX 2PHVWUHMiFKHJRX
(WUDWHPWRGRVGHHVFXWDU (WUDWHPWRGRVGHHVFXWDU
(XGLJRDRVPHXVLUPmRV (XGLJRDRVPHXVLUPmRV
 
 
7kQLD0DUFKD 7kQLD0DUFKD
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
2852(35$7$ BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
2852(35$7$

2852(35$7$
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB 2852(35$7$
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
7kQLD0DUFKD 7kQLD0DUFKD
 

 
(XGLJRDRVPHXVLUPmRV (XGLJRDRVPHXVLUPmRV
(WUDWHPWRGRVGHHVFXWDU (WUDWHPWRGRVGHHVFXWDU
2PHVWUHMiFKHJRX 2PHVWUHMiFKHJRX
(HOHYHPMXVWLILFDU (HOHYHPMXVWLILFDU
 
$TXLILTXHPFLHQWHV $TXLILTXHPFLHQWHV
'RTXHHOHGHFODUDU 'RTXHHOHGHFODUDU
2HVWURQGRYDLVHUJUDQGH 2HVWURQGRYDLVHUJUDQGH
3DUDTXHPQmRVHILUPDU 3DUDTXHPQmRVHILUPDU
 
$FDQRDGHRXURHSUDWD $FDQRDGHRXURHSUDWD
(ODHVWiSDUDYROWDU (ODHVWiSDUDYROWDU
&RPHVWDVHQKRUDQDSURD &RPHVWDVHQKRUDQDSURD
3DUDVHPSUHHXTXHURHVWDU 3DUDVHPSUHHXTXHURHVWDU
 
 
 
 
 
 
 
e-HVXV&ULVWR5HGHQWRU e-HVXV&ULVWR5HGHQWRU
4XHPpILOKRGH'HXV 4XHPpILOKRGH'HXV
4XHWURX[HREHLMDIORU 4XHWURX[HREHLMDIORU
(VWDpDPHQVDJHP (VWDpDPHQVDJHP
 
3DUDYLYHUDYLGDVDQWD 3DUDYLYHUDYLGDVDQWD
6HFRQIRUPHPDSDUHOKRV 6HFRQIRUPHPDSDUHOKRV
9HMRDIRUoDHPWRGRFDQWR 9HMRDIRUoDHPWRGRFDQWR
)LUPRHP-XUDPLGDP )LUPRHP-XUDPLGDP
 
'HSRLVTXHWXGRVHDUUXPDU 'HSRLVTXHWXGRVHDUUXPDU
$JRUDVyYRXHPERUD $JRUDVyYRXHPERUD
(VWRXFDQVDGRGHIDODU (VWRXFDQVDGRGHIDODU
(XYLPHMiYROWHL (XYLPHMiYROWHL
 
6HFRPSRQKDHPVHXOXJDU 6HFRPSRQKDHPVHXOXJDU
4XHPIRUILOKRGHVWDYHUGDGH 4XHPIRUILOKRGHVWDYHUGDGH
1LQJXpPSRGHEDJXQoDU 1LQJXpPSRGHEDJXQoDU
$FDVDGRPHXSDL $FDVDGRPHXSDL

$FDVDGRPHXSDL $FDVDGRPHXSDL
1LQJXpPSRGHEDJXQoDU 1LQJXpPSRGHEDJXQoDU
4XHPIRUILOKRGHVWDYHUGDGH 4XHPIRUILOKRGHVWDYHUGDGH
6HFRPSRQKDHPVHXOXJDU 6HFRPSRQKDHPVHXOXJDU
 
(XYLPHMiYROWHL (XYLPHMiYROWHL
(VWRXFDQVDGRGHIDODU (VWRXFDQVDGRGHIDODU
$JRUDVyYRXHPERUD $JRUDVyYRXHPERUD
'HSRLVTXHWXGRVHDUUXPDU 'HSRLVTXHWXGRVHDUUXPDU
 
)LUPRHP-XUDPLGDP )LUPRHP-XUDPLGDP
9HMRDIRUoDHPWRGRFDQWR 9HMRDIRUoDHPWRGRFDQWR
6HFRQIRUPHPDSDUHOKRV 6HFRQIRUPHPDSDUHOKRV
3DUDYLYHUDYLGDVDQWD 3DUDYLYHUDYLGDVDQWD
 
(VWDpDPHQVDJHP (VWDpDPHQVDJHP
4XHWURX[HREHLMDIORU 4XHWURX[HREHLMDIORU
4XHPpILOKRGH'HXV 4XHPpILOKRGH'HXV
e-HVXV&ULVWR5HGHQWRU e-HVXV&ULVWR5HGHQWRU
 
 
 
 
4XHSDUHFLDDSRXFRVPHWURV 4XHSDUHFLDDSRXFRVPHWURV
7XGRHVWDYDWmRGHVSHUWR 7XGRHVWDYDWmRGHVSHUWR
9LD/XDHRXQLYHUVR 9LD/XDHRXQLYHUVR
)RLHQWmRTXHROKHLR6RO )RLHQWmRTXHROKHLR6RO
 
3UDQmRPDLVPRUUHUDPtQJXD 3UDQmRPDLVPRUUHUDPtQJXD
3URPHWLTXHPHFDODYD 3URPHWLTXHPHFDODYD
0RUDQDSRQWDGDOtQJXD 0RUDQDSRQWDGDOtQJXD
'HVFREULTXHRGHP{QLR 'HVFREULTXHRGHP{QLR
 
(RSRYRDSHQDVULD (RSRYRDSHQDVULD
(UD-HVXVTXHIDODYD (UD-HVXVTXHIDODYD
0DVRPXQGRQmRRXYLD 0DVRPXQGRQmRRXYLD
(XTXHULDDPDURPXQGR (XTXHULDDPDURPXQGR
 
(FDQWDYDHVVHKLQR (FDQWDYDHVVHKLQR
'HXPVRQKRHXDFRUGDYD 'HXPVRQKRHXDFRUGDYD
&RPDVHVWUHODVOiHPFLPD &RPDVHVWUHODVOiHPFLPD
$FRUGHLGHPDGUXJDGD $FRUGHLGHPDGUXJDGD
 
0DUFKD 0DUFKD
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
2621+2 BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
2621+2

2621+2
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB 2621+2
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
0DUFKD 0DUFKD
 
$FRUGHLGHPDGUXJDGD $FRUGHLGHPDGUXJDGD
&RPDVHVWUHODVOiHPFLPD &RPDVHVWUHODVOiHPFLPD
'HXPVRQKRHXDFRUGDYD 'HXPVRQKRHXDFRUGDYD
(FDQWDYDHVVHKLQR (FDQWDYDHVVHKLQR
 
(XTXHULDDPDURPXQGR (XTXHULDDPDURPXQGR
0DVRPXQGRQmRRXYLD 0DVRPXQGRQmRRXYLD
(UD-HVXVTXHIDODYD (UD-HVXVTXHIDODYD
(RSRYRDSHQDVULD (RSRYRDSHQDVULD
 
'HVFREULTXHRGHP{QLR 'HVFREULTXHRGHP{QLR
0RUDQDSRQWDGDOtQJXD 0RUDQDSRQWDGDOtQJXD
3URPHWLTXHPHFDODYD 3URPHWLTXHPHFDODYD
3UDQmRPDLVPRUUHUDPtQJXD 3UDQmRPDLVPRUUHUDPtQJXD
 
)RLHQWmRTXHROKHLR6RO )RLHQWmRTXHROKHLR6RO
9LD/XDHRXQLYHUVR 9LD/XDHRXQLYHUVR
7XGRHVWDYDWmRGHVSHUWR 7XGRHVWDYDWmRGHVSHUWR
4XHSDUHFLDDSRXFRVPHWURV 4XHSDUHFLDDSRXFRVPHWURV
 
 
 
 
'D/XDVHDWXRX 'D/XDVHDWXRX
(DVHPSUH9LUJHP0DULD (DVHPSUH9LUJHP0DULD
4XHQDVFHXRVDOYDGRU 4XHQDVFHXRVDOYDGRU
)RLQXPDQRLWHFRPRHVVD )RLQXPDQRLWHFRPRHVVD
 
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,JXDOGLUHLWRQyVWHPRV ,JXDOGLUHLWRQyVWHPRV
(FRQVDJUDUQRFRUDomR (FRQVDJUDUQRFRUDomR
%DVWDWRGRV]HODU %DVWDWRGRV]HODU
 
eGHOHHWDPEpPpPLQKD eGHOHHWDPEpPpPLQKD
3RLVHVWDFDVDGLYLQD 3RLVHVWDFDVDGLYLQD
6D~GHDRPHXSDGULQKR 6D~GHDRPHXSDGULQKR
$PHXSDLSHGLDMXGD $PHXSDLSHGLDMXGD
 
(FRQILUPHLDPLQKDPHWD (FRQILUPHLDPLQKDPHWD
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4XHGHDPRUIL]HVWHYHUVR 4XHGHDPRUIL]HVWHYHUVR
(XVHQWLWDQWDDOHJULD (XVHQWLWDQWDDOHJULD

(XVHQWLWDQWDDOHJULD (XVHQWLWDQWDDOHJULD
4XHGHDPRUIL]HVWHYHUVR 4XHGHDPRUIL]HVWHYHUVR
1RDVWUDOHXYLDMHL 1RDVWUDOHXYLDMHL
(FRQILUPHLDPLQKDPHWD (FRQILUPHLDPLQKDPHWD
 
$PHXSDLSHGLDMXGD $PHXSDLSHGLDMXGD
6D~GHDRPHXSDGULQKR 6D~GHDRPHXSDGULQKR
3RLVHVWDFDVDGLYLQD 3RLVHVWDFDVDGLYLQD
eGHOHHWDPEpPpPLQKD eGHOHHWDPEpPpPLQKD
 
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(FRQVDJUDUQRFRUDomR (FRQVDJUDUQRFRUDomR
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)RLQXPDQRLWHFRPRHVVD )RLQXPDQRLWHFRPRHVVD
4XHQDVFHXRVDOYDGRU 4XHQDVFHXRVDOYDGRU
(DVHPSUH9LUJHP0DULD (DVHPSUH9LUJHP0DULD
'D/XDVHDWXRX 'D/XDVHDWXRX
 
 
 
 
 
 
 
 
&DGDXPGRVVHXVHOHLWRV &DGDXPGRVVHXVHOHLWRV
/HYDUiSDUDDVDOWXUDV /HYDUiSDUDDVDOWXUDV
9DLID]HUVXDFROKHLWD 9DLID]HUVXDFROKHLWD
2SDVWRUGRXQLYHUVR 2SDVWRUGRXQLYHUVR
 
(QWUHQyVDLQGDYLYH (QWUHQyVDLQGDYLYH
2ILOKRGRSDLHWHUQR 2ILOKRGRSDLHWHUQR
'HWDQWRUHJR]LMR 'HWDQWRUHJR]LMR
2FpXHD7HUUDWUHPHUDP 2FpXHD7HUUDWUHPHUDP
 
ePDLRUTXHRRXURHMRLDV ePDLRUTXHRRXURHMRLDV
0DVDJOyULDGHVVHPHQLQR 0DVDJOyULDGHVVHPHQLQR
4XHFKHJDUDPQDDXURUD 4XHFKHJDUDPQDDXURUD
9LYDRV5HLVGR2ULHQWH 9LYDRV5HLVGR2ULHQWH
 
 
 

 
 
 
9LYDRV5HLVGR2ULHQWH 9LYDRV5HLVGR2ULHQWH
4XHFKHJDUDPQDDXURUD 4XHFKHJDUDPQDDXURUD
0DVDJOyULDGHVVHPHQLQR 0DVDJOyULDGHVVHPHQLQR
ePDLRUTXHRRXURHMRLDV ePDLRUTXHRRXURHMRLDV
 
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'HWDQWRUHJR]LMR 'HWDQWRUHJR]LMR
2ILOKRGRSDLHWHUQR 2ILOKRGRSDLHWHUQR
(QWUHQyVDLQGDYLYH (QWUHQyVDLQGDYLYH
 
2SDVWRUGRXQLYHUVR 2SDVWRUGRXQLYHUVR
9DLID]HUVXDFROKHLWD 9DLID]HUVXDFROKHLWD
/HYDUiSDUDDVDOWXUDV /HYDUiSDUDDVDOWXUDV
&DGDXPGRVVHXVHOHLWRV &DGDXPGRVVHXVHOHLWRV
 
 
 
 
 
 

 
 
 
eVyTXHPYRXVHJXLU eVyTXHPYRXVHJXLU
2PHVWUHGRVPHVWUHV 2PHVWUHGRVPHVWUHV
4XHYHLRVHFXPSULU 4XHYHLRVHFXPSULU
)RLRPDLRUSURIHWD )RLRPDLRUSURIHWD
 
%DODQoRXHHVWUHPHFHX %DODQoRXHHVWUHPHFHX
8PDJOyULDQXQFDYLVWD 8PDJOyULDQXQFDYLVWD
0LOFODU}HVQRFpX 0LOFODU}HVQRFpX
$WURPEHWDGHPLODQMRV $WURPEHWDGHPLODQMRV
 
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)RLTXDQGRGHVFREUL )RLTXDQGRGHVFREUL
1DPHQWHGH-HVXV 1DPHQWHGH-HVXV
(XHVWLYHHPSHQVDPHQWR (XHVWLYHHPSHQVDPHQWR
 
 
0DUFKD 0DUFKD
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$12,7('(1$7$/ BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
$12,7('(1$7$/

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BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB $12,7('(1$7$/
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
0DUFKD 0DUFKD
 

 
(XHVWLYHHPSHQVDPHQWR (XHVWLYHHPSHQVDPHQWR
1DPHQWHGH-HVXV 1DPHQWHGH-HVXV
)RLTXDQGRGHVFREUL )RLTXDQGRGHVFREUL
4XHHOHHUDDOX] 4XHHOHHUDDOX]
 
$WURPEHWDGHPLODQMRV $WURPEHWDGHPLODQMRV
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8PDJOyULDQXQFDYLVWD 8PDJOyULDQXQFDYLVWD
%DODQoRXHHVWUHPHFHX %DODQoRXHHVWUHPHFHX
 
)RLRPDLRUSURIHWD )RLRPDLRUSURIHWD
4XHYHLRVHFXPSULU 4XHYHLRVHFXPSULU
2PHVWUHGRVPHVWUHV 2PHVWUHGRVPHVWUHV
eVyTXHPYRXVHJXLU eVyTXHPYRXVHJXLU
 
 
 
 
 
 
 
'H0DULDPmHGH'HXV 'H0DULDPmHGH'HXV
%HQGLWRVHMDRYHQWUH %HQGLWRVHMDRYHQWUH
9LYD6mR,ULQHX 9LYD6mR,ULQHX
9LYDDQRLWHGH1DWDO 9LYDDQRLWHGH1DWDO
 
(RUHLGRVMXGHXV (RUHLGRVMXGHXV
6DOYHRVWUrV5HLVGR2ULHQWH 6DOYHRVWUrV5HLVGR2ULHQWH
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&ULVWRILOKRGH'HXV &ULVWRILOKRGH'HXV
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(VWiR&ULVWRYHUGDGHLUR (VWiR&ULVWRYHUGDGHLUR
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'DIRJXHLUDGH6mR-RmR 'DIRJXHLUDGH6mR-RmR
&RQILDQGRQRPLVWpULR &RQILDQGRQRPLVWpULR
&RPKXPLOGDGHHVWDOLomR &RPKXPLOGDGHHVWDOLomR
$JUDGHoRD6DQWR$QW{QLR $JUDGHoRD6DQWR$QW{QLR
 
 
 

 
 
 
$JUDGHoRD6DQWR$QW{QLR $JUDGHoRD6DQWR$QW{QLR
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'DIRJXHLUDGH6mR-RmR 'DIRJXHLUDGH6mR-RmR
 
(QWUHDPRUWHHDORXFXUD (QWUHDPRUWHHDORXFXUD
(VWiR&ULVWRYHUGDGHLUR (VWiR&ULVWRYHUGDGHLUR
eSUHFLVRWHUFHUWH]D eSUHFLVRWHUFHUWH]D
3DUDDQGDUEHPSHORPHLR 3DUDDQGDUEHPSHORPHLR
 
6mR3HGURH6mR3DXOR 6mR3HGURH6mR3DXOR
eTXHPQRVWUD]HPDVROXomR eTXHPQRVWUD]HPDVROXomR
3UDWRGRVFDQWDUKLQiULR 3UDWRGRVFDQWDUKLQiULR
&RPDPRUQRFRUDomR &RPDPRUQRFRUDomR
 
 
 
 
 
 

 
 
 
6HQmRRRXWURYDLIHFKDU 6HQmRRRXWURYDLIHFKDU
6HWLYHUDPRUHXDEUR 6HWLYHUDPRUHXDEUR
eSDUDPLPFRQVDJUDU eSDUDPLPFRQVDJUDU
$FKDYHTXHHXUHFHER $FKDYHTXHHXUHFHER
 
eRPHVPRTXHYRXGDU eRPHVPRTXHYRXGDU
2DPRUTXHHXUHFHER 2DPRUTXHHXUHFHER
1DGDSRGHPHDOWHUDU 1DGDSRGHPHDOWHUDU
(VWRXVHJXLQGRRPHXFDPLQKR (VWRXVHJXLQGRRPHXFDPLQKR
 
/RJRYmRSRGHUHQWUDU /RJRYmRSRGHUHQWUDU
6HWLYHUHPSDFLrQFLD 6HWLYHUHPSDFLrQFLD
3UDQRVDOmRGRPHVWUHHVWDU 3UDQRVDOmRGRPHVWUHHVWDU
6RXDVDODGHHVSHUD 6RXDVDODGHHVSHUD
 
 
0DUFKD 0DUFKD
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0DUFKD 0DUFKD
 

 
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6HWLYHUHPSDFLrQFLD 6HWLYHUHPSDFLrQFLD
/RJRYmRSRGHUHQWUDU /RJRYmRSRGHUHQWUDU
 
(VWRXVHJXLQGRRPHXFDPLQKR (VWRXVHJXLQGRRPHXFDPLQKR
1DGDSRGHPHDOWHUDU 1DGDSRGHPHDOWHUDU
2DPRUTXHHXUHFHER 2DPRUTXHHXUHFHER
eRPHVPRTXHYRXGDU eRPHVPRTXHYRXGDU
 
$FKDYHTXHHXUHFHER $FKDYHTXHHXUHFHER
eSDUDPLPFRQVDJUDU eSDUDPLPFRQVDJUDU
6HWLYHUDPRUHXDEUR 6HWLYHUDPRUHXDEUR
6HQmRRRXWURYDLIHFKDU 6HQmRRRXWURYDLIHFKDU
 
 
 
 
 
 
 
$LQGDGHYRGL]HUQmR $LQGDGHYRGL]HUQmR
6RXSHTXHQRHJXDUGRRVIODQFRV 6RXSHTXHQRHJXDUGRRVIODQFRV
1DGDpFRQWUDHWHPUD]mR 1DGDpFRQWUDHWHPUD]mR
0HXSDGULQKRpKRPHPVDQWR 0HXSDGULQKRpKRPHPVDQWR
 
(VHQGRLJXDOQHVWHVDOmR (VHQGRLJXDOQHVWHVDOmR
0XOWLSOLFDQGRRVWDOHQWRV 0XOWLSOLFDQGRRVWDOHQWRV
6HKXPLOKDUHWHUSHUGmR 6HKXPLOKDUHWHUSHUGmR
$FUHGLWDUQHVWDYHUGDGH $FUHGLWDUQHVWDYHUGDGH
 
0HOKRUHXYRXDMXGDU 0HOKRUHXYRXDMXGDU
0HXVLUPmRVPHDMXGDQGR 0HXVLUPmRVPHDMXGDQGR
7HQKRIpTXHYRXFKHJDU 7HQKRIpTXHYRXFKHJDU
5HDOL]DUDGLYLQGDGH 5HDOL]DUDGLYLQGDGH
 
(KXPLOGDGHGHPXGDU (KXPLOGDGHGHPXGDU
$FHUWH]DGHVHJXLU $FHUWH]DGHVHJXLU
4XHpSUDSRGHUEULOKDU 4XHpSUDSRGHUEULOKDU
3RVLWLYRHQHJDWLYR 3RVLWLYRHQHJDWLYR

3RVLWLYRHQHJDWLYR 3RVLWLYRHQHJDWLYR
4XHpSUDSRGHUEULOKDU 4XHpSUDSRGHUEULOKDU
$FHUWH]DGHVHJXLU $FHUWH]DGHVHJXLU
(KXPLOGDGHGHPXGDU (KXPLOGDGHGHPXGDU
 
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7HQKRIpTXHYRXFKHJDU 7HQKRIpTXHYRXFKHJDU
0HXVLUPmRVPHDMXGDQGR 0HXVLUPmRVPHDMXGDQGR
0HOKRUHXYRXDMXGDU 0HOKRUHXYRXDMXGDU
 
$FUHGLWDUQHVWDYHUGDGH $FUHGLWDUQHVWDYHUGDGH
6HKXPLOKDUHWHUSHUGmR 6HKXPLOKDUHWHUSHUGmR
0XOWLSOLFDQGRRVWDOHQWRV 0XOWLSOLFDQGRRVWDOHQWRV
(VHQGRLJXDOQHVWHVDOmR (VHQGRLJXDOQHVWHVDOmR
 
0HXSDGULQKRpKRPHPVDQWR 0HXSDGULQKRpKRPHPVDQWR
1DGDpFRQWUDHWHPUD]mR 1DGDpFRQWUDHWHPUD]mR
6RXSHTXHQRHJXDUGRRVIODQFRV 6RXSHTXHQRHJXDUGRRVIODQFRV
$LQGDGHYRGL]HUQmR $LQGDGHYRGL]HUQmR
 
 
 
 
 
 
(URJRD'HXVSUDWRGRVVHU (URJRD'HXVSUDWRGRVVHU
$JUDGHoRDRQRVVRLPSpULR $JUDGHoRDRQRVVRLPSpULR
9RXFXPSULQGRRPHXGHYHU 9RXFXPSULQGRRPHXGHYHU
&RPILUPH]DHOHDOGDGH &RPILUPH]DHOHDOGDGH
 
$DOHJULDGHYLYHU $DOHJULDGHYLYHU
8PGLDMXQWRVFRPSUHHQGHPRV 8PGLDMXQWRVFRPSUHHQGHPRV
3HODVTXHYmRHVVHVRIUHU 3HODVTXHYmRHVVHVRIUHU
$VRYHOKDVUHXQLQGR $VRYHOKDVUHXQLQGR
 
3DUDWRGRVVHDPDU 3DUDWRGRVVHDPDU
6HWRUQDQGRRPHVPRVHU 6HWRUQDQGRRPHVPRVHU
&DGDXPHPVHXOXJDU &DGDXPHPVHXOXJDU
&RQILDQoDHHQWUHJD &RQILDQoDHHQWUHJD
 
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/LJDUDFRUUHQWHGRVLP /LJDUDFRUUHQWHGRVLP
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/LJDUDFRUUHQWHGRVLP /LJDUDFRUUHQWHGRVLP
&RPPHQRVIDODHPDLVDomR &RPPHQRVIDODHPDLVDomR
 
&RQILDQoDHHQWUHJD &RQILDQoDHHQWUHJD
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6HWRUQDQGRRPHVPRVHU 6HWRUQDQGRRPHVPRVHU
3DUDWRGRVVHDPDU 3DUDWRGRVVHDPDU
 
$VRYHOKDVUHXQLQGR $VRYHOKDVUHXQLQGR
3HODVTXHYmRHVVHVRIUHU 3HODVTXHYmRHVVHVRIUHU
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$DOHJULDGHYLYHU $DOHJULDGHYLYHU
 
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9RXFXPSULQGRRPHXGHYHU 9RXFXPSULQGRRPHXGHYHU
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(URJRD'HXVSUDWRGRVVHU (URJRD'HXVSUDWRGRVVHU
 
 
 
 

 
 
 
7HQGHSLHGDGHGHPLP 7HQGHSLHGDGHGHPLP
6HQKRU-HVXV&ULVWRILOKRGH'HXV 6HQKRU-HVXV&ULVWRILOKRGH'HXV
 
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7HQGHSLHGDGHGHPLP 7HQGHSLHGDGHGHPLP
6HQKRU-HVXV&ULVWRILOKRGH'HXV 6HQKRU-HVXV&ULVWRILOKRGH'HXV
 
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6HQKRU-HVXV&ULVWRJXLHPHXFRUDomR 6HQKRU-HVXV&ULVWRJXLHPHXFRUDomR
 
7HQGHSLHGDGHGHPLP 7HQGHSLHGDGHGHPLP
6HQKRU-HVXV&ULVWRILOKRGH'HXV 6HQKRU-HVXV&ULVWRILOKRGH'HXV
 
 
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25$d2'2&25$d2 BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
25$d2'2&25$d2

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7HQGHSLHGDGHGHPLP 7HQGHSLHGDGHGHPLP
 
6HQKRU-HVXV&ULVWRJXLHPHXFRUDomR 6HQKRU-HVXV&ULVWRJXLHPHXFRUDomR
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6HQKRU-HVXV&ULVWRILOKRGH'HXV 6HQKRU-HVXV&ULVWRILOKRGH'HXV
7HQGHSLHGDGHGHPLP 7HQGHSLHGDGHGHPLP
 
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(OHDJLUiRGRQRGRVDOmR (OHDJLUiRGRQRGRVDOmR
 
6HQKRU-HVXV&ULVWRILOKRGH'HXV 6HQKRU-HVXV&ULVWRILOKRGH'HXV
7HQGHSLHGDGHGHPLP 7HQGHSLHGDGHGHPLP
 
 
 
 
 
 
 
 
 
 
y 7HQGHSLHGDGHGHPLP y 7HQGHSLHGDGHGHPLP
 6HQKRU-HVXV&ULVWRILOKRGH'HXV  6HQKRU-HVXV&ULVWRILOKRGH'HXV
 
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6DOYHRVPRQJHV 6DOYHRVPRQJHV
 
7HQGHSLHGDGHGHPLP 7HQGHSLHGDGHGHPLP
6HQKRU-HVXV&ULVWRILOKRGH'HXV 6HQKRU-HVXV&ULVWRILOKRGH'HXV
 
4XHQRVFROKHUiGHQWURGDPLUDomR 4XHQRVFROKHUiGHQWURGDPLUDomR
2'DLPHVXEMXJDHSHGHDWHQomR 2'DLPHVXEMXJDHSHGHDWHQomR
 
 
 
 

 
 
 
 
2'DLPHVXEMXJDHSHGHDWHQomR 2'DLPHVXEMXJDHSHGHDWHQomR
4XHQRVFROKHUiGHQWURGDPLUDomR 4XHQRVFROKHUiGHQWURGDPLUDomR
 
6HQKRU-HVXV&ULVWRILOKRGH'HXV 6HQKRU-HVXV&ULVWRILOKRGH'HXV
7HQGHSLHGDGHGHPLP 7HQGHSLHGDGHGHPLP
 
6DOYHRVPRQJHV 6DOYHRVPRQJHV
'RGHVHUWRHRVSHUHJULQRV 'RGHVHUWRHRVSHUHJULQRV
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 6HQKRU-HVXV&ULVWRILOKRGH'HXV  6HQKRU-HVXV&ULVWRILOKRGH'HXV
y 7HQGHSLHGDGHGHPLP y 7HQGHSLHGDGHGHPLP
 
 
 
 
 
 
 
eRPHXVHQKRU-XUDPLGDP eRPHXVHQKRU-XUDPLGDP
9HMRDSDPSDLOXPLQDGD 9HMRDSDPSDLOXPLQDGD
5DGLDQWHGDPDQKm 5DGLDQWHGDPDQKm
2QRVVRPHVWUHpXPDHVWUHOD 2QRVVRPHVWUHpXPDHVWUHOD
 
1DVSDVVDGDVGRMDJXDU 1DVSDVVDGDVGRMDJXDU
6DQWR'DLPHYHPFKHJDQGR 6DQWR'DLPHYHPFKHJDQGR
4XHGHYHPRVQRVILUPDU 4XHGHYHPRVQRVILUPDU
eQR6RO/XDHVWUHOD eQR6RO/XDHVWUHOD
 
'DIORUHVWDDRVPHXVLUPmRV 'DIORUHVWDDRVPHXVLUPmRV
7UDJRRUHLHDUDLQKD 7UDJRRUHLHDUDLQKD
&RPDPRUQRFRUDomR &RPDPRUQRFRUDomR
9RXWUDQVSRUWRGDHVWDWHUUD 9RXWUDQVSRUWRGDHVWDWHUUD
 
3DUDHXVHURPHQVDJHLUR 3DUDHXVHURPHQVDJHLUR
'DLPHIRUoDHGDLPHOX] 'DLPHIRUoDHGDLPHOX]
3UDOHYDUDRPXQGRLQWHLUR 3UDOHYDUDRPXQGRLQWHLUR
2PHXPHVWUHWHPSRGHU 2PHXPHVWUHWHPSRGHU
 
0DUFKD 0DUFKD
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
263$6626'2-$*8$5 BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
263$6626'2-$*8$5

263$6626'2-$*8$5
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB 263$6626'2-$*8$5
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
0DUFKD 0DUFKD
 
2PHXPHVWUHWHPSRGHU 2PHXPHVWUHWHPSRGHU
3UDOHYDUDRPXQGRLQWHLUR 3UDOHYDUDRPXQGRLQWHLUR
'DLPHIRUoDHGDLPHOX] 'DLPHIRUoDHGDLPHOX]
3DUDHXVHURPHQVDJHLUR 3DUDHXVHURPHQVDJHLUR
 
9RXWUDQVSRUWRGDHVWDWHUUD 9RXWUDQVSRUWRGDHVWDWHUUD
&RPDPRUQRFRUDomR &RPDPRUQRFRUDomR
7UDJRRUHLHDUDLQKD 7UDJRRUHLHDUDLQKD
'DIORUHVWDDRVPHXVLUPmRV 'DIORUHVWDDRVPHXVLUPmRV
 
eQR6RO/XDHVWUHOD eQR6RO/XDHVWUHOD
4XHGHYHPRVQRVILUPDU 4XHGHYHPRVQRVILUPDU
6DQWR'DLPHYHPFKHJDQGR 6DQWR'DLPHYHPFKHJDQGR
1DVSDVVDGDVGRMDJXDU 1DVSDVVDGDVGRMDJXDU
 
2QRVVRPHVWUHpXPDHVWUHOD 2QRVVRPHVWUHpXPDHVWUHOD
5DGLDQWHGDPDQKm 5DGLDQWHGDPDQKm
9HMRDSDPSDLOXPLQDGD 9HMRDSDPSDLOXPLQDGD
eRPHXVHQKRU-XUDPLGDP eRPHXVHQKRU-XUDPLGDP
 
 
 
 
 
 
(pSDUDVHHQWUHJDU (pSDUDVHHQWUHJDU
$TXLGHVVHWHUUHLUR $TXLGHVVHWHUUHLUR
4XH-HVXV&ULVWRpRGRQR 4XH-HVXV&ULVWRpRGRQR
9HLRSUDDYLVDU 9HLRSUDDYLVDU
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/iGRV2UL[iV /iGRV2UL[iV
9HLRDEULUDEDQFD 9HLRDEULUDEDQFD
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(LDHXYRXFKHJDU (LDHXYRXFKHJDU
9HPDTXLFRPRUHOKR 9HPDTXLFRPRUHOKR
(LDYHPDTXLQRPHLR (LDYHPDTXLQRPHLR
 
 
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0DUFKD 0DUFKD
 
 
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9HLRDEULUDEDQFD 9HLRDEULUDEDQFD
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9HLRSUDDYLVDU 9HLRSUDDYLVDU
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$TXLGHVVHWHUUHLUR $TXLGHVVHWHUUHLUR
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)RLSDUDDSXUDU )RLSDUDDSXUDU
2ILVFDOTXHYHLR 2ILVFDOTXHYHLR
3HLDSUDTXHPpUHEHOGH 3HLDSUDTXHPpUHEHOGH
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(LD6mR0LJXHOTXHYHLR (LD6mR0LJXHOTXHYHLR
 
 
 

 
 
 
(LD6mR0LJXHOTXHYHLR (LD6mR0LJXHOTXHYHLR
%DODQoDQGRDWURSD %DODQoDQGRDWURSD
9HLRGRPLQDU 9HLRGRPLQDU
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2ILVFDOTXHYHLR 2ILVFDOTXHYHLR
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4XHQHVVH&UX]HLUR 4XHQHVVH&UX]HLUR
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1R6DQWR'DLPHHVWi 1R6DQWR'DLPHHVWi
 
 
 
 
 
 
 

 
 
 
eHVWDUMXQWRDRVPHXVLUPmRV eHVWDUMXQWRDRVPHXVLUPmRV
0LQKDPDLRUDOHJULD 0LQKDPDLRUDOHJULD
6HWUDEDOKDUFRPSHUIHLomR 6HWUDEDOKDUFRPSHUIHLomR
7RGRVSRGHPYLUDPLP 7RGRVSRGHPYLUDPLP
 
(WUDEDOKDUSHODXQLmR (WUDEDOKDUSHODXQLmR
7HUUHVSHLWRHFRQILDQoD 7HUUHVSHLWRHFRQILDQoD
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$FKDYHGHVVHVHJUHGR $FKDYHGHVVHVHJUHGR
 
4XHSXGHUHPPHDFHLWDU 4XHSXGHUHPPHDFHLWDU
4XHHXVRXPHVWUHGHWRGRV 4XHHXVRXPHVWUHGHWRGRV
3DUDWRGRVHVFXWDU 3DUDWRGRVHVFXWDU
(XDTXLHVWRXGL]HQGR (XDTXLHVWRXGL]HQGR
 
 
0DUFKD 0DUFKD
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0DUFKD 0DUFKD
 

 
(XDTXLHVWRXGL]HQGR (XDTXLHVWRXGL]HQGR
3DUDWRGRVHVFXWDU 3DUDWRGRVHVFXWDU
4XHHXVRXPHVWUHGHWRGRV 4XHHXVRXPHVWUHGHWRGRV
4XHSXGHUHPPHDFHLWDU 4XHSXGHUHPPHDFHLWDU
 
$FKDYHGHVVHVHJUHGR $FKDYHGHVVHVHJUHGR
eWHUDPRUQRFRUDomR eWHUDPRUQRFRUDomR
7HUUHVSHLWRHFRQILDQoD 7HUUHVSHLWRHFRQILDQoD
(WUDEDOKDUSHODXQLmR (WUDEDOKDUSHODXQLmR
 
7RGRVSRGHPYLUDPLP 7RGRVSRGHPYLUDPLP
6HWUDEDOKDUFRPSHUIHLomR 6HWUDEDOKDUFRPSHUIHLomR
0LQKDPDLRUDOHJULD 0LQKDPDLRUDOHJULD
eHVWDUMXQWRDRVPHXVLUPmRV eHVWDUMXQWRDRVPHXVLUPmRV
 
 
 
 
 
 
 
 
 
 
 
 
(RPXQGRYDLEDODQFHDU (RPXQGRYDLEDODQFHDU
9RXEDWHUFRPPHXFDMDGR 9RXEDWHUFRPPHXFDMDGR
9HURPHXSRYREULJDU 9HURPHXSRYREULJDU
0DVPHGiPXLWDWULVWH]D 0DVPHGiPXLWDWULVWH]D
 
(PWRGRPXQGREURWDU (PWRGRPXQGREURWDU
$VUDPLQKDVGRFLSy $VUDPLQKDVGRFLSy
(PYHUPHXSRYREDLODU (PYHUPHXSRYREDLODU
7HQKRJUDQGHVDWLVIDomR 7HQKRJUDQGHVDWLVIDomR
 
 
 
 
 

 
 
 
 
 
7HQKRJUDQGHVDWLVIDomR 7HQKRJUDQGHVDWLVIDomR
(PYHUPHXSRYREDLODU (PYHUPHXSRYREDLODU
$VUDPLQKDVGRFLSy $VUDPLQKDVGRFLSy
(PWRGRPXQGREURWDU (PWRGRPXQGREURWDU
 
0DVPHGiPXLWDWULVWH]D 0DVPHGiPXLWDWULVWH]D
9HURPHXSRYREULJDU 9HURPHXSRYREULJDU
9RXEDWHUFRPPHXFDMDGR 9RXEDWHUFRPPHXFDMDGR
(RPXQGRYDLEDODQFHDU (RPXQGRYDLEDODQFHDU
 
 
 
 
 
 
 
 
 
 
 
 
3DUDVHJXLURFKHIHGDPLVVmR 3DUDVHJXLURFKHIHGDPLVVmR
$JRUDpD~OWLPDFKDPDGD $JRUDpD~OWLPDFKDPDGD
(VSDWLIDGDHTXHEUDGDSHORFKmR (VSDWLIDGDHTXHEUDGDSHORFKmR
(XMiHVWRXFKHLRGHWDQWDSDODYUD (XMiHVWRXFKHLRGHWDQWDSDODYUD
 
9DLEULOKDUDYHUGDGHGDGRXWULQD 9DLEULOKDUDYHUGDGHGDGRXWULQD
6yVHJXLQGRDVSHJDGDVGRPHXPHVWUH 6yVHJXLQGRDVSHJDGDVGRPHXPHVWUH
(QmRDSHQDVDEHOH]DGHXPDULPD (QmRDSHQDVDEHOH]DGHXPDULPD
2VKLQRVVmRRFDPLQKRHDYLGD 2VKLQRVVmRRFDPLQKRHDYLGD
 
(VHQGRGHOHWDPEpPVHUiDPLQKD (VHQGRGHOHWDPEpPVHUiDPLQKD
3RLVHVWDpDGRXWULQDGRPHXSDL 3RLVHVWDpDGRXWULQDGRPHXSDL
(FDPLQKDUSHODVHEHGHHVSLQKRV (FDPLQKDUSHODVHEHGHHVSLQKRV
9DPRVWRGRVSUDWLFDURTXHMiVDEH 9DPRVWRGRVSUDWLFDURTXHMiVDEH
 
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0DUFKD 0DUFKD
 
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(FDPLQKDUSHODVHEHGHHVSLQKRV (FDPLQKDUSHODVHEHGHHVSLQKRV
3RLVHVWDpDGRXWULQDGRPHXSDL 3RLVHVWDpDGRXWULQDGRPHXSDL
(VHQGRGHOHWDPEpPVHUiDPLQKD (VHQGRGHOHWDPEpPVHUiDPLQKD
 
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(QmRDSHQDVDEHOH]DGHXPDULPD (QmRDSHQDVDEHOH]DGHXPDULPD
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9DLEULOKDUDYHUGDGHGDGRXWULQD 9DLEULOKDUDYHUGDGHGDGRXWULQD
 
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(VSDWLIDGDHTXHEUDGDSHORFKmR (VSDWLIDGDHTXHEUDGDSHORFKmR
$JRUDpD~OWLPDFKDPDGD $JRUDpD~OWLPDFKDPDGD
3DUDVHJXLURFKHIHGDPLVVmR 3DUDVHJXLURFKHIHGDPLVVmR
 
 
 
 
 
 
 
 
 
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2VPXQGRVVmRDVFRQWDVGRFRODU 2VPXQGRVVmRDVFRQWDVGRFRODU
4XHKDELWDFDGDVHUHFDGDHVWUHOD 4XHKDELWDFDGDVHUHFDGDHVWUHOD
7RGDYLGDpXPDVyHPHVPDFRLVD 7RGDYLGDpXPDVyHPHVPDFRLVD
 
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9DPRVVHJXLURH[HPSORGHVVHVVDQWRV 9DPRVVHJXLURH[HPSORGHVVHVVDQWRV
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2TXHRHQWHQGLPHQWRQmRDOFDQoD 2TXHRHQWHQGLPHQWRQmRDOFDQoD
 
 

 
 
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eDFKDYHSDUDDIpSRGHUEURWDU eDFKDYHSDUDDIpSRGHUEURWDU
9DPRVVHJXLURH[HPSORGHVVHVVDQWRV 9DPRVVHJXLURH[HPSORGHVVHVVDQWRV
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7RGDYLGDpXPDVyHPHVPDFRLVD 7RGDYLGDpXPDVyHPHVPDFRLVD
4XHKDELWDFDGDVHUHFDGDHVWUHOD 4XHKDELWDFDGDVHUHFDGDHVWUHOD
2VPXQGRVVmRDVFRQWDVGRFRODU 2VPXQGRVVmRDVFRQWDVGRFRODU
4XHRVHQKRUFRORFRXQRVHXSHVFRoR 4XHRVHQKRUFRORFRXQRVHXSHVFRoR
 
 
 
 
 
 

 
 
 
 
 
 
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6HFRUULMDPHFRPWRGDOHDOGDGH 6HFRUULMDPHFRPWRGDOHDOGDGH
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9HUDXP'HXVHQFDUQDGR 9HUDXP'HXVHQFDUQDGR
(PFDGDKRPHP (PFDGDKRPHP
$SUHQGHUDUHVSHLWDURVHXLUPmR $SUHQGHUDUHVSHLWDURVHXLUPmR
 
 
 
 
 

 

 
 
 
 
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$TXLWHUPLQRURJDQGRDLUPDQGDGH $TXLWHUPLQRURJDQGRDLUPDQGDGH
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6HFRUULMDPHFRPWRGDOHDOGDGH 6HFRUULMDPHFRPWRGDOHDOGDGH
2EHGHoDPDRSDGULQKR6HEDVWLmR 2EHGHoDPDRSDGULQKR6HEDVWLmR
 
 
 
 
 
 
 
 
'HVDLUGRSDOiFLR 'HVDLUGRSDOiFLR
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2+9,5*(00( BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
2+9,5*(00(

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8PQRYRFRPHoR 8PQRYRFRPHoR
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9DOVD 9DOVD
 

 
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0HS{VXPVDFRQRRPEUR 0HS{VXPVDFRQRRPEUR
 
4XDQGRVHQWLRSHVR 4XDQGRVHQWLRSHVR
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(URJRD6mR-RmR (URJRD6mR-RmR
8PQRYRFRPHoR 8PQRYRFRPHoR
'HDPRUHSHUGmR 'HDPRUHSHUGmR
 
 
 
 
 
 
 
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0DQGRXHVVHPDQGDPHQWR 0DQGRXHVVHPDQGDPHQWR
2GRQRGDEDQGHLUD 2GRQRGDEDQGHLUD
 
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0HXSDLWHDILUPR 0HXSDLWHDILUPR
 
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9LHDILUPHL 9LHDILUPHL
 
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4XHpSDUDPHUHFHU 4XHpSDUDPHUHFHU
 
0HXSDLWHDILUPR 0HXSDLWHDILUPR
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4XHHXSURPHWRVHUILHO 4XHHXSURPHWRVHUILHO
 
2GRQRGDEDQGHLUD 2GRQRGDEDQGHLUD
0DQGRXHVVHPDQGDPHQWR 0DQGRXHVVHPDQGDPHQWR
-XUHPRV0LGDP -XUHPRV0LGDP
3DUDVHUHWHUQDPHQWH 3DUDVHUHWHUQDPHQWH
 
 
 
 

 
 
 
(XPFRQIRUWRDWRGRVQyV (XPFRQIRUWRDWRGRVQyV
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9HQKDYyVGHRQGHHVWi 9HQKDYyVGHRQGHHVWi
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)LUPDUEHPQRSHQVDPHQWR )LUPDUEHPQRSHQVDPHQWR
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&RPRGHYRWHFKDPDU &RPRGHYRWHFKDPDU
9HPDTXLSDUDPHGL]HU 9HPDTXLSDUDPHGL]HU
9HPFiYHPFi 9HPFiYHPFi
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;0DUFKD ;0DUFKD
 

 
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9HPFiYHPFi 9HPFiYHPFi
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0HXLQFHQVRSHUIXPRVR 0HXLQFHQVRSHUIXPRVR
9HQKDYyVGHRQGHHVWi 9HQKDYyVGHRQGHHVWi
1RVWUD]HUDVDQWDFXUD 1RVWUD]HUDVDQWDFXUD
(XPFRQIRUWRDWRGRVQyV (XPFRQIRUWRDWRGRVQyV
 
 
 
 
 
 
 
 
 
 
$GRQDLD(PDQXHO $GRQDLD(PDQXHO
6DOYHDV6DQWDV0LOtFLDV 6DOYHDV6DQWDV0LOtFLDV
$TXLQDWHUUDHQRFpX $TXLQDWHUUDHQRFpX
eKRUDGDEDWDOKD eKRUDGDEDWDOKD
 
%HPGHWUiVGR6RO %HPGHWUiVGR6RO
7RGRVVHMXQWDQGR 7RGRVVHMXQWDQGR
)DODQJHGH*DEULHO )DODQJHGH*DEULHO
)DODQJHGH5DIDHO )DODQJHGH5DIDHO
)DODQJHGH6mR0LJXHO )DODQJHGH6mR0LJXHO
 
 
 
 
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6$17$60,/&,$6

6$17$60,/&,$6
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;0DUFKD ;0DUFKD
 
 
 
 
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7RGRVVHMXQWDQGR 7RGRVVHMXQWDQGR
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6DOYHDV6DQWDV0LOtFLDV 6DOYHDV6DQWDV0LOtFLDV
$GRQDLD(PDQXHO $GRQDLD(PDQXHO
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
eXPDIpTXHHQ[HUJDHSRGHYHU eXPDIpTXHHQ[HUJDHSRGHYHU
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4XHDVXDYLVWDWRGRPDOKiGHFRUUHU 4XHDVXDYLVWDWRGRPDOKiGHFRUUHU
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[0DUFKD [0DUFKD
 
 
 
 
 
 
(XWHQKRIpQRSRGHUGH-HVXV&ULVWR (XWHQKRIpQRSRGHUGH-HVXV&ULVWR
4XHDVXDYLVWDWRGRPDOKiGHFRUUHU 4XHDVXDYLVWDWRGRPDOKiGHFRUUHU
 
$PLQKDIpQmRpXPDIpFHJD $PLQKDIpQmRpXPDIpFHJD
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&pXGR0DSLi &pXGR0DSLi
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3DUDRSRYRVHXQLU 3DUDRSRYRVHXQLU
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6HS{VDFODPDU 6HS{VDFODPDU
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;0DUFKD 

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3DUDRSRYRVHXQLU 3DUDRSRYRVHXQLU
(VDEHUWUDEDOKDU (VDEHUWUDEDOKDU
 
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9DPRVVHILUPDU 9DPRVVHILUPDU
 
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9DPRVWULXQIDU 9DPRVWULXQIDU
 
 
 
 
 
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$PLQKDIDPtOLDHPHXVLUPmRV $PLQKDIDPtOLDHPHXVLUPmRV
(SHoRD'HXVSRUPHXVILOKRV (SHoRD'HXVSRUPHXVILOKRV
 
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8PDSURPHVVDHXYRXID]HU 8PDSURPHVVDHXYRXID]HU
1RGLDGRPHXDQLYHUViULR 1RGLDGRPHXDQLYHUViULR
 
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8PDSURPHVVDHXYRXID]HU 8PDSURPHVVDHXYRXID]HU
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3DUDTXHPTXLVHUPHRXYLU 3DUDTXHPTXLVHUPHRXYLU
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9LGDVD~GHHHVSHUDQoD 9LGDVD~GHHHVSHUDQoD
3UDYHQFHURVWHPSRVTXHYLUmR 3UDYHQFHURVWHPSRVTXHYLUmR
 
 
 
 
 
 
 
&UHVFHUEHPPDLVGHSUHVVD &UHVFHUEHPPDLVGHSUHVVD
3URUHL-DJXEH 3URUHL-DJXEH
7LUDQGRWRGDVDVHUYDVGDQLQKDV 7LUDQGRWRGDVDVHUYDVGDQLQKDV
&RPDOLFHQoDGDUDLQKDGDIORUHVWD &RPDOLFHQoDGDUDLQKDGDIORUHVWD
(XYRXFRUWDQGRRPDWREHPEDL[LQKR (XYRXFRUWDQGRRPDWREHPEDL[LQKR
 
6mRDVWUHYDVGRSDOiFLRGDLOXVmR 6mRDVWUHYDVGRSDOiFLRGDLOXVmR
3RLVQDVPDUJHQVGHVVDEHODHVWUDGD 3RLVQDVPDUJHQVGHVVDEHODHVWUDGD
(YRXSUHVWDQGRWRGDDWHQomR (YRXSUHVWDQGRWRGDDWHQomR
(XYRXDQGDQGRSHORPHXFDPLQKR (XYRXDQGDQGRSHORPHXFDPLQKR
 
 
 
 
0DUFKD 0DUFKD
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
-$5',0'(%(/$6)/25(6 BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
-$5',0'(%(/$6)/25(6

-$5',0'(%(/$6)/25(6
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB -$5',0'(%(/$6)/25(6
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
0DUFKD 0DUFKD
 
 
 
 
(XYRXDQGDQGRSHORPHXFDPLQKR (XYRXDQGDQGRSHORPHXFDPLQKR
(YRXSUHVWDQGRWRGDDWHQomR (YRXSUHVWDQGRWRGDDWHQomR
3RLVQDVPDUJHQVGHVVDEHODHVWUDGD 3RLVQDVPDUJHQVGHVVDEHODHVWUDGD
6mRDVWUHYDVGRSDOiFLRGDLOXVmR 6mRDVWUHYDVGRSDOiFLRGDLOXVmR
 
(XYRXFRUWDQGRRPDWREHPEDL[LQKR (XYRXFRUWDQGRRPDWREHPEDL[LQKR
&RPDOLFHQoDGDUDLQKDGDIORUHVWD &RPDOLFHQoDGDUDLQKDGDIORUHVWD
7LUDQGRWRGDVDVHUYDVGDQLQKDV 7LUDQGRWRGDVDVHUYDVGDQLQKDV
3URUHL-DJXEH 3URUHL-DJXEH
&UHVFHUEHPPDLVGHSUHVVD &UHVFHUEHPPDLVGHSUHVVD
 
 
 
 
 
 
 
 
 
 
 
 
 
3DUDHVWDUMXQWRDQyVQHVWDPLVVmR 3DUDHVWDUMXQWRDQyVQHVWDPLVVmR
4XHOKHGrPXLWDVD~GH 4XHOKHGrPXLWDVD~GH
5RJDQGRD'HXV 5RJDQGRD'HXV
'RPHXSDGULQKR6HEDVWLmR 'RPHXSDGULQKR6HEDVWLmR
(ILQDOPHQWHHXYRXPHOHPEUDQGR (ILQDOPHQWHHXYRXPHOHPEUDQGR
 
(XTXHURHVWDU (XTXHURHVWDU
&RPPHXVLUPmRVXQLGRV &RPPHXVLUPmRVXQLGRV
1HVWHMDUGLPGHWmREHODVIORUHV 1HVWHMDUGLPGHWmREHODVIORUHV
(YLYHUVHPSUHDOHJUHDFDQWDU (YLYHUVHPSUHDOHJUHDFDQWDU
(XTXHURVHUEHPSHTXHQLQLQKR (XTXHURVHUEHPSHTXHQLQLQKR
 
 
 
 

 
 
 
 
(XTXHURVHUEHPSHTXHQLQLQKR (XTXHURVHUEHPSHTXHQLQLQKR
(YLYHUVHPSUHDOHJUHDFDQWDU (YLYHUVHPSUHDOHJUHDFDQWDU
1HVWHMDUGLPGHWmREHODVIORUHV 1HVWHMDUGLPGHWmREHODVIORUHV
&RPPHXVLUPmRVXQLGRV &RPPHXVLUPmRVXQLGRV
(XTXHURHVWDU (XTXHURHVWDU
 
(ILQDOPHQWHHXYRXPHOHPEUDQGR (ILQDOPHQWHHXYRXPHOHPEUDQGR
'RPHXSDGULQKR6HEDVWLmR 'RPHXSDGULQKR6HEDVWLmR
5RJDQGRD'HXV 5RJDQGRD'HXV
4XHOKHGrPXLWDVD~GH 4XHOKHGrPXLWDVD~GH
3DUDHVWDUMXQWRDQyVQHVWDPLVVmR 3DUDHVWDUMXQWRDQyVQHVWDPLVVmR
 
 
 
 
 
 
 
 

 
 
 
&RPIpQDUHVVXUUHLomR &RPIpQDUHVVXUUHLomR
&HOHEUDQGRDSiVFRD &HOHEUDQGRDSiVFRD
eRSRGHUGDXQLmR eRSRGHUGDXQLmR
$OHOXLD(VSHUDQoD $OHOXLD(VSHUDQoD
 
1DPHVPDFRQVDJUDomR 1DPHVPDFRQVDJUDomR
'HFDGDGLDVDJUDGR 'HFDGDGLDVDJUDGR
-XQWRVUHSDUWLQGRRSmR -XQWRVUHSDUWLQGRRSmR
2SRYRSRU'HXVDPDGR 2SRYRSRU'HXVDPDGR
 
7XGRHPSD]HDOHJULD 7XGRHPSD]HDOHJULD
9HURQDVFHUGDDXURUD 9HURQDVFHUGDDXURUD
eDHVSHUDQoDGHXPGLD eDHVSHUDQoDGHXPGLD
$SDODYUDGR&ULVWR $SDODYUDGR&ULVWR
 
 
0DUFKD 0DUFKD
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
$3$/$95$'2&5,672 BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
$3$/$95$'2&5,672

$3$/$95$'2&5,672
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB $3$/$95$'2&5,672
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
0DUFKD 0DUFKD
 

 
$SDODYUDGR&ULVWR $SDODYUDGR&ULVWR
eDHVSHUDQoDGHXPGLD eDHVSHUDQoDGHXPGLD
9HURQDVFHUGDDXURUD 9HURQDVFHUGDDXURUD
7XGRHPSD]HDOHJULD 7XGRHPSD]HDOHJULD
 
2SRYRSRU'HXVDPDGR 2SRYRSRU'HXVDPDGR
-XQWRVUHSDUWLQGRRSmR -XQWRVUHSDUWLQGRRSmR
'HFDGDGLDVDJUDGR 'HFDGDGLDVDJUDGR
1DPHVPDFRQVDJUDomR 1DPHVPDFRQVDJUDomR
 
$OHOXLD(VSHUDQoD $OHOXLD(VSHUDQoD
eRSRGHUGDXQLmR eRSRGHUGDXQLmR
&HOHEUDQGRDSiVFRD &HOHEUDQGRDSiVFRD
&RPIpQDUHVVXUUHLomR &RPIpQDUHVVXUUHLomR
 
 
 
 
 
 
 
 
 
 
 
 
(MXQWRVUHDOL]DU (MXQWRVUHDOL]DU
eSDUDFDGDXPVHU eSDUDFDGDXPVHU
'RMRJRSUDVHMRJDU 'RMRJRSUDVHMRJDU
$UDLQKDPDQGDDVUHJUDV $UDLQKDPDQGDDVUHJUDV
 
6HURILHOGHVVDEDODQoD 6HURILHOGHVVDEDODQoD
&RPPXLWDSHUIHLomR &RPPXLWDSHUIHLomR
eQDIpTXHVHDOFDQoD eQDIpTXHVHDOFDQoD
(VVDYHUGDGH (VVDYHUGDGH
 
 
 
 
 

 
 
 
 
 
(VVDYHUGDGH (VVDYHUGDGH
eQDIpTXHVHDOFDQoD eQDIpTXHVHDOFDQoD
&RPPXLWDSHUIHLomR &RPPXLWDSHUIHLomR
6HURILHOGHVVDEDODQoD 6HURILHOGHVVDEDODQoD
 
$UDLQKDPDQGDDVUHJUDV $UDLQKDPDQGDDVUHJUDV
'RMRJRSUDVHMRJDU 'RMRJRSUDVHMRJDU
eSDUDFDGDXPVHU eSDUDFDGDXPVHU
(MXQWRVUHDOL]DU (MXQWRVUHDOL]DU
 
 
 
 
 
 
 
 
 

 
 
 
1DOX]GR6RODEULOKDU 1DOX]GR6RODEULOKDU
6HUHQRFRPRDViJXDVFODUDV 6HUHQRFRPRDViJXDVFODUDV
3DUDQHVVDDOHJULDHVWDU 3DUDQHVVDDOHJULDHVWDU
7HQGRRDPRUFRPRJXDUGLmR 7HQGRRDPRUFRPRJXDUGLmR
 
7HQGRRDPRUFRPRJXDUGLmR 7HQGRRDPRUFRPRJXDUGLmR
2QGHKDELWDDYHUGDGHGLYLQD 2QGHKDELWDDYHUGDGHGLYLQD
eQRIXQGRGRVHXFRUDomR eQRIXQGRGRVHXFRUDomR
(P'HXVDRQGHHVWi (P'HXVDRQGHHVWi
 
(P'HXVDRQGHHVWi (P'HXVDRQGHHVWi
)LUPDQGRRVHXSHQVDPHQWR )LUPDQGRRVHXSHQVDPHQWR
4XHHVFXWHPHVWDLQVWUXomR 4XHHVFXWHPHVWDLQVWUXomR
(XSHoRDRVPHXVLUPmRV (XSHoRDRVPHXVLUPmRV
 
 
0DUFKD 0DUFKD
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
,16758d2 BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
,16758d2

,16758d2
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB ,16758d2
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
0DUFKD 0DUFKD
 

 
(XSHoRDRVPHXVLUPmRV (XSHoRDRVPHXVLUPmRV
4XHHVFXWHPHVWDLQVWUXomR 4XHHVFXWHPHVWDLQVWUXomR
)LUPDQGRRVHXSHQVDPHQWR )LUPDQGRRVHXSHQVDPHQWR
(P'HXVDRQGHHVWi (P'HXVDRQGHHVWi
 
(P'HXVDRQGHHVWi (P'HXVDRQGHHVWi
eQRIXQGRGRVHXFRUDomR eQRIXQGRGRVHXFRUDomR
2QGHKDELWDDYHUGDGHGLYLQD 2QGHKDELWDDYHUGDGHGLYLQD
7HQGRRDPRUFRPRJXDUGLmR 7HQGRRDPRUFRPRJXDUGLmR
 
7HQGRRDPRUFRPRJXDUGLmR 7HQGRRDPRUFRPRJXDUGLmR
3DUDQHVVDDOHJULDHVWDU 3DUDQHVVDDOHJULDHVWDU
6HUHQRFRPRDViJXDVFODUDV 6HUHQRFRPRDViJXDVFODUDV
1DOX]GR6RODEULOKDU 1DOX]GR6RODEULOKDU
 
 
 
 
 
 
 
+DYHUiPXLWDVH[SLDo}HV +DYHUiPXLWDVH[SLDo}HV
6HQmRIRUPRVXPSRYRXQLGR 6HQmRIRUPRVXPSRYRXQLGR
7HPSRVGHJUDQGHVWULEXODo}HV 7HPSRVGHJUDQGHVWULEXODo}HV
3RLVHPEUHYHLUHPRVSDVVDU 3RLVHPEUHYHLUHPRVSDVVDU
 
4XHSURGX]DPDLVXQLmR 4XHSURGX]DPDLVXQLmR
&KHJDQGRDXPFRQKHFLPHQWR &KHJDQGRDXPFRQKHFLPHQWR
eSURYDQGRDPRUDRVHXLUPmR eSURYDQGRDPRUDRVHXLUPmR
3DUDR&ULVWRLQWHUQRDOFDQoDU 3DUDR&ULVWRLQWHUQRDOFDQoDU
 
3DUDR&ULVWRLQWHUQRDOFDQoDU 3DUDR&ULVWRLQWHUQRDOFDQoDU
3HUGRDQGRHVHDUUHSHQGHQGR 3HUGRDQGRHVHDUUHSHQGHQGR
eSUHFLVRORJRVHKXPLOKDU eSUHFLVRORJRVHKXPLOKDU
5HQDVFHQGRQDJOyULDGH'HXV 5HQDVFHQGRQDJOyULDGH'HXV
 
3UDUHQDVFHUQDJOyULDGH'HXV 3UDUHQDVFHUQDJOyULDGH'HXV
'LVVROYHUVHHPWXGRTXHKi 'LVVROYHUVHHPWXGRTXHKi
,QYRFDUDSUHVHQoDGRVHU ,QYRFDUDSUHVHQoDGRVHU
1DOX]GR6RODEULOKDU 1DOX]GR6RODEULOKDU

1DOX]GR6RODEULOKDU 1DOX]GR6RODEULOKDU
,QYRFDUDSUHVHQoDGRVHU ,QYRFDUDSUHVHQoDGRVHU
'LVVROYHUVHHPWXGRTXHKi 'LVVROYHUVHHPWXGRTXHKi
3UDUHQDVFHUQDJOyULDGH'HXV 3UDUHQDVFHUQDJOyULDGH'HXV
 
5HQDVFHQGRQDJOyULDGH'HXV 5HQDVFHQGRQDJOyULDGH'HXV
eSUHFLVRORJRVHKXPLOKDU eSUHFLVRORJRVHKXPLOKDU
3HUGRDQGRHVHDUUHSHQGHQGR 3HUGRDQGRHVHDUUHSHQGHQGR
3DUDR&ULVWRLQWHUQRDOFDQoDU 3DUDR&ULVWRLQWHUQRDOFDQoDU
 
3DUDR&ULVWRLQWHUQRDOFDQoDU 3DUDR&ULVWRLQWHUQRDOFDQoDU
eSURYDQGRDPRUDRVHXLUPmR eSURYDQGRDPRUDRVHXLUPmR
&KHJDQGRDXPFRQKHFLPHQWR &KHJDQGRDXPFRQKHFLPHQWR
4XHSURGX]DPDLVXQLmR 4XHSURGX]DPDLVXQLmR
 
3RLVHPEUHYHLUHPRVSDVVDU 3RLVHPEUHYHLUHPRVSDVVDU
7HPSRVGHJUDQGHVWULEXODo}HV 7HPSRVGHJUDQGHVWULEXODo}HV
6HQmRIRUPRVXPSRYRXQLGR 6HQmRIRUPRVXPSRYRXQLGR
+DYHUiPXLWDVH[SLDo}HV +DYHUiPXLWDVH[SLDo}HV
 
 
 
 
 
 
 
 
 
 
0DVYROWRSUDFRQWLQXDomR 0DVYROWRSUDFRQWLQXDomR
3RUKRMHYRXPHGHVSHGLQGR 3RUKRMHYRXPHGHVSHGLQGR
'D5DLQKDSHODVDOYDomR 'D5DLQKDSHODVDOYDomR
(VWHpRMRJRGLYLQR (VWHpRMRJRGLYLQR
 
3DUDTXHQyVGRLVSRVVDVHWUDQVIRUPDU 3DUDTXHQyVGRLVSRVVDVHWUDQVIRUPDU
2XWURQRSHQVDPHQWR 2XWURQRSHQVDPHQWR
4XHHXQmRWUDQTXH 4XHHXQmRWUDQTXH
3RVVDYyVKRMHPHLOXPLQDU 3RVVDYyVKRMHPHLOXPLQDU
6DQWR'DLPHPHX-XUDPLGDP 6DQWR'DLPHPHX-XUDPLGDP
 
 
 
 
 

 
 
 
 
 
6DQWR'DLPHPHX-XUDPLGDP 6DQWR'DLPHPHX-XUDPLGDP
3RVVDYyVKRMHPHLOXPLQDU 3RVVDYyVKRMHPHLOXPLQDU
4XHHXQmRWUDQTXH 4XHHXQmRWUDQTXH
2XWURQRSHQVDPHQWR 2XWURQRSHQVDPHQWR
3DUDTXHQyVGRLVSRVVDVHWUDQVIRUPDU 3DUDTXHQyVGRLVSRVVDVHWUDQVIRUPDU
 
(VWHpRMRJRGLYLQR (VWHpRMRJRGLYLQR
'D5DLQKDSHODVDOYDomR 'D5DLQKDSHODVDOYDomR
3RUKRMHYRXPHGHVSHGLQGR 3RUKRMHYRXPHGHVSHGLQGR
0DVYROWRSUDFRQWLQXDomR 0DVYROWRSUDFRQWLQXDomR
 
 
 
 
 
 
 
 
1R6DQWR'DLPHWRGRVWUrVXQLILFRX 1R6DQWR'DLPHWRGRVWUrVXQLILFRX
(RPHVWUHQRILQDOGRVWHPSRV (RPHVWUHQRILQDOGRVWHPSRV
6mR-RmRIRLTXHPPHUHYHORX 6mR-RmRIRLTXHPPHUHYHORX
2[DOi6KLYD-XUDPLGDP 2[DOi6KLYD-XUDPLGDP
 
6HHVFXWDRUXIDUGHPLOWDPERU 6HHVFXWDRUXIDUGHPLOWDPERU
1R+LPDODLDQRV$QGHVQDIORUHVWD 1R+LPDODLDQRV$QGHVQDIORUHVWD
(DJOyULDGHOHVWRGRVGRXORXYRU (DJOyULDGHOHVWRGRVGRXORXYRU
(XVD~GRRV%XGDVH2UL[iV (XVD~GRRV%XGDVH2UL[iV
 
(IRLQHOHTXHWXGRVHHQFRQWURX (IRLQHOHTXHWXGRVHHQFRQWURX
22ULHQWHYHLRSUR2FLGHQWH 22ULHQWHYHLRSUR2FLGHQWH
-HVXV&ULVWRpPHXPHVWUHLPSHUDGRU -HVXV&ULVWRpPHXPHVWUHLPSHUDGRU
(XVLQWRRSHUIXPHGHVWDIORU (XVLQWRRSHUIXPHGHVWDIORU
 
(WHUQDSDUDRVWHPSRVTXHKmRGHYLU (WHUQDSDUDRVWHPSRVTXHKmRGHYLU
3DUDILUPDUHVWDDOLDQoD 3DUDILUPDUHVWDDOLDQoD
1HVWDQRLWHYmRVHUHXQLU 1HVWDQRLWHYmRVHUHXQLU
2[DOi6KLYD-XUDPLGDP 2[DOi6KLYD-XUDPLGDP
 
*XVWDYR0DUFKD *XVWDYR0DUFKD
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
$/,$1d$ BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
$/,$1d$

$/,$1d$
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB $/,$1d$
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
*XVWDYR0DUFKD *XVWDYR0DUFKD
 
2[DOi6KLYD-XUDPLGDP 2[DOi6KLYD-XUDPLGDP
1HVWDQRLWHYmRVHUHXQLU 1HVWDQRLWHYmRVHUHXQLU
3DUDILUPDUHVWDDOLDQoD 3DUDILUPDUHVWDDOLDQoD
(WHUQDSDUDRVWHPSRVTXHKmRGHYLU (WHUQDSDUDRVWHPSRVTXHKmRGHYLU
 
(XVLQWRRSHUIXPHGHVWDIORU (XVLQWRRSHUIXPHGHVWDIORU
-HVXV&ULVWRpPHXPHVWUHLPSHUDGRU -HVXV&ULVWRpPHXPHVWUHLPSHUDGRU
22ULHQWHYHLRSUR2FLGHQWH 22ULHQWHYHLRSUR2FLGHQWH
(IRLQHOHTXHWXGRVHHQFRQWURX (IRLQHOHTXHWXGRVHHQFRQWURX
 
(XVD~GRRV%XGDVH2UL[iV (XVD~GRRV%XGDVH2UL[iV
(DJOyULDGHOHVWRGRVGRXORXYRU (DJOyULDGHOHVWRGRVGRXORXYRU
1R+LPDODLDQRV$QGHVQDIORUHVWD 1R+LPDODLDQRV$QGHVQDIORUHVWD
6HHVFXWDRUXIDUGHPLOWDPERU 6HHVFXWDRUXIDUGHPLOWDPERU
 
2[DOi6KLYD-XUDPLGDP 2[DOi6KLYD-XUDPLGDP
6mR-RmRIRLTXHPPHUHYHORX 6mR-RmRIRLTXHPPHUHYHORX
(RPHVWUHQRILQDOGRVWHPSRV (RPHVWUHQRILQDOGRVWHPSRV
1R6DQWR'DLPHWRGRVWUrVXQLILFRX 1R6DQWR'DLPHWRGRVWUrVXQLILFRX
 
 

 
 
 
&RPRDVYLUJHQVQRVVDVLUPmV &RPRDVYLUJHQVQRVVDVLUPmV
7RPDQGRFDGDXPDGHQyV 7RPDQGRFDGDXPDGHQyV
$FKDYHGRVHXSHUGmR $FKDYHGRVHXSHUGmR
4XH-HVXV&ULVWRQRVGHX 4XH-HVXV&ULVWRQRVGHX
 
4XHWURX[HRDPDGR-RmR 4XHWURX[HRDPDGR-RmR
3RLVWUDJRRWHVWHPXQKR 3RLVWUDJRRWHVWHPXQKR
&XPSUDEHPDPLQKDPLVVmR &XPSUDEHPDPLQKDPLVVmR
6DQWD0DGDOHQDPHGLVVH 6DQWD0DGDOHQDPHGLVVH
 
&RPRXPDDYH]LQKDQRQLQKR &RPRXPDDYH]LQKDQRQLQKR
(VWRXQRVHXFRUDomR (VWRXQRVHXFRUDomR
1mRVHHVTXHoDGRVSHTXHQLQLQKRV 1mRVHHVTXHoDGRVSHTXHQLQLQKRV
6DQWD7HUH]LQKDPHGLVVH 6DQWD7HUH]LQKDPHGLVVH
 
 
6{QLD9DOVD 6{QLD9DOVD
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
',9,1$&21&(3d2 BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
',9,1$&21&(3d2

',9,1$&21&(3d2
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB ',9,1$&21&(3d2
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
6{QLD9DOVD 6{QLD9DOVD
 

 
6DQWD7HUH]LQKDPHGLVVH 6DQWD7HUH]LQKDPHGLVVH
1mRVHHVTXHoDGRVSHTXHQLQLQKRV 1mRVHHVTXHoDGRVSHTXHQLQLQKRV
(VWRXQRVHXFRUDomR (VWRXQRVHXFRUDomR
&RPRXPDDYH]LQKDQRQLQKR &RPRXPDDYH]LQKDQRQLQKR
 
6DQWD0DGDOHQDPHGLVVH 6DQWD0DGDOHQDPHGLVVH
&XPSUDEHPDPLQKDPLVVmR &XPSUDEHPDPLQKDPLVVmR
3RLVWUDJRRWHVWHPXQKR 3RLVWUDJRRWHVWHPXQKR
4XHWURX[HRDPDGR-RmR 4XHWURX[HRDPDGR-RmR
 
4XH-HVXV&ULVWRQRVGHX 4XH-HVXV&ULVWRQRVGHX
$FKDYHGRVHXSHUGmR $FKDYHGRVHXSHUGmR
7RPDQGRFDGDXPDGHQyV 7RPDQGRFDGDXPDGHQyV
&RPRDVYLUJHQVQRVVDVLUPmV &RPRDVYLUJHQVQRVVDVLUPmV
 
 
 
 
 
 
 
 
 
 
 
 
$SURPHVVDGH-XUDPLGDP $SURPHVVDGH-XUDPLGDP
(SRGHUiVHFXPSULU (SRGHUiVHFXPSULU
2VRQKRGDYLUJHPPmH 2VRQKRGDYLUJHPPmH
$VVLPYDLVHUHDOL]DU $VVLPYDLVHUHDOL]DU
 
'LYLQDHQRYDFRQFHSomR 'LYLQDHQRYDFRQFHSomR
3UDTXHDSXUH]DUHQDVoD 3UDTXHDSXUH]DUHQDVoD
1RYHQWUHGDYLUJHPPmH 1RYHQWUHGDYLUJHPPmH
4XHRVFDPLQKRVGRDPRUVHDFKHP 4XHRVFDPLQKRVGRDPRUVHDFKHP
 
 
 
 
 

 
 
 
 
 
4XHRVFDPLQKRVGRDPRUVHDFKHP 4XHRVFDPLQKRVGRDPRUVHDFKHP
1RYHQWUHGDYLUJHPPmH 1RYHQWUHGDYLUJHPPmH
3UDTXHDSXUH]DUHQDVoD 3UDTXHDSXUH]DUHQDVoD
'LYLQDHQRYDFRQFHSomR 'LYLQDHQRYDFRQFHSomR
 
$VVLPYDLVHUHDOL]DU $VVLPYDLVHUHDOL]DU
2VRQKRGDYLUJHPPmH 2VRQKRGDYLUJHPPmH
(SRGHUiVHFXPSULU (SRGHUiVHFXPSULU
$SURPHVVDGH-XUDPLGDP $SURPHVVDGH-XUDPLGDP
 
 
 
 
 
 
 
 
 

 
 
 
2MDUGLPGHEHODVIORUHV 2MDUGLPGHEHODVIORUHV
1RILQDOGDFDPLQKDGD 1RILQDOGDFDPLQKDGD
4XHpDHVWUDGDGRDPRU 4XHpDHVWUDGDGRDPRU
9RXVHJXLQGRQHVWDHVWUDGD 9RXVHJXLQGRQHVWDHVWUDGD
 
7XGRDRVSpVGRPHXVHQKRU 7XGRDRVSpVGRPHXVHQKRU
eVHQWLQGRHHQWUHJDQGR eVHQWLQGRHHQWUHJDQGR
$FKDYHGRDPRU $FKDYHGRDPRU
5HFHELFRPDOHJULD 5HFHELFRPDOHJULD
 
(PERWmRQDTXHODIORU (PERWmRQDTXHODIORU
(XYLDYLUJHPPmH (XYLDYLUJHPPmH
(KRMHVHUHDOL]RX (KRMHVHUHDOL]RX
7DQWRWHPSRHXSHGL 7DQWRWHPSRHXSHGL
 
 
-RDQD0DUFKD -RDQD0DUFKD
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
7560$5,$6 BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
7560$5,$6

7560$5,$6
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB 7560$5,$6
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
-RDQD0DUFKD -RDQD0DUFKD
 

 
7DQWRWHPSRHXSHGL 7DQWRWHPSRHXSHGL
(KRMHVHUHDOL]RX (KRMHVHUHDOL]RX
(XYLDYLUJHPPmH (XYLDYLUJHPPmH
(PERWmRQDTXHODIORU (PERWmRQDTXHODIORU
 
5HFHELFRPDOHJULD 5HFHELFRPDOHJULD
$FKDYHGRDPRU $FKDYHGRDPRU
eVHQWLQGRHHQWUHJDQGR eVHQWLQGRHHQWUHJDQGR
7XGRDRVSpVGRPHXVHQKRU 7XGRDRVSpVGRPHXVHQKRU
 
9RXVHJXLQGRQHVWDHVWUDGD 9RXVHJXLQGRQHVWDHVWUDGD
4XHpDHVWUDGDGRDPRU 4XHpDHVWUDGDGRDPRU
1RILQDOGDFDPLQKDGD 1RILQDOGDFDPLQKDGD
2MDUGLPGHEHODVIORUHV 2MDUGLPGHEHODVIORUHV
 
 
 
 
 
 
 
 
 
 
 
 
$SXUH]DGRDPRU $SXUH]DGRDPRU
5HSUHVHQWDPDTXLQDWHUUD 5HSUHVHQWDPDTXLQDWHUUD
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2$FUHWRUQRXVHPHO 2$FUHWRUQRXVHPHO
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$L0HX'HXV $L0HX'HXV
2GLYLQRSDLPHGHX 2GLYLQRSDLPHGHX
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/XD%UDQFDLOXPLQRX /XD%UDQFDLOXPLQRX
8PWHVRXURDQFHVWUDO 8PWHVRXURDQFHVWUDO
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$L0HX'HXV $L0HX'HXV
2GLYLQRSDLPHGHX 2GLYLQRSDLPHGHX
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9DOHLPH6mR,ULQHX 9DOHLPH6mR,ULQHX
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9HUGHD]XOHEUDQFR 9HUGHD]XOHEUDQFR
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4XHRPHVWUHpRDPRU 4XHRPHVWUHpRDPRU
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2GLYLQRSDLPHGHX 2GLYLQRSDLPHGHX
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2GLYLQRSDLPHGHX 2GLYLQRSDLPHGHX
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&RPDPRUHXHVSHURYHQFHU &RPDPRUHXHVSHURYHQFHU
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(VFXWHPPHXVLUPmRV (VFXWHPPHXVLUPmRV
 
 
0DUFKD 0DUFKD
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(1&21752 BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
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BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
0DUFKD 0DUFKD
 

 
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&RPDPRUHXHVSHURYHQFHU &RPDPRUHXHVSHURYHQFHU
 
 
 
 
 
 
 
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3HORPHXYHOKR-XUDPLGDP 3HORPHXYHOKR-XUDPLGDP
 
 
 
 

 
 
 
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2K0DPmHSUDPHJXLDU 2K0DPmHSUDPHJXLDU
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'iYRQWDGHGHFKRUDU 'iYRQWDGHGHFKRUDU
 
 
 
 
 
 
 
 
 
 
 
 
1DIORUHVWDDPHILUPDU 1DIORUHVWDDPHILUPDU
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3UDHVVHFkQWLFRHQFHUUDU 3UDHVVHFkQWLFRHQFHUUDU
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3UDTXHHXWHSURFXUHPDLV 3UDTXHHXWHSURFXUHPDLV
$JUDGHoRDSD]HDVD~GH $JUDGHoRDSD]HDVD~GH
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3RURQGHpTXHHVVDLUPDQGDGHYDL 3RURQGHpTXHHVVDLUPDQGDGHYDL
 
0XLWRREULJDGRSDSDL 0XLWRREULJDGRSDSDL
0XLWRREULJDGRPDPmH 0XLWRREULJDGRPDPmH
0XLWRREULJDGRSRUWXGR2K3DSDL 0XLWRREULJDGRSRUWXGR2K3DSDL
0XLWRREULJDGRSRUWXGR2K3DSDL 0XLWRREULJDGRSRUWXGR2K3DSDL
 
 
0DUFKD 0DUFKD
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$*5$'(&,0(172

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0DUFKD 0DUFKD
 

 
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0XLWRREULJDGRSRUWXGR2K3DSDL 0XLWRREULJDGRSRUWXGR2K3DSDL
0XLWRREULJDGRPDPmH 0XLWRREULJDGRPDPmH
0XLWRREULJDGRSDSDL 0XLWRREULJDGRSDSDL
 
3RURQGHpTXHHVVDLUPDQGDGHYDL 3RURQGHpTXHHVVDLUPDQGDGHYDL
3RURQGHpTXHHVVDLUPDQGDGHYDL 3RURQGHpTXHHVVDLUPDQGDGHYDL
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*XLDLVHXVSDVVRVSDSDL *XLDLVHXVSDVVRVSDSDL
 
(XDJUDGHoRDYLGD2K3DSDL (XDJUDGHoRDYLGD2K3DSDL
(XDJUDGHoRDYLGD2K3DSDL (XDJUDGHoRDYLGD2K3DSDL
$JUDGHoRDSD]HDVD~GH $JUDGHoRDSD]HDVD~GH
3UDTXHHXWHSURFXUHPDLV 3UDTXHHXWHSURFXUHPDLV
 
 
 
 
 
 
 
 
 
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3UDHXH[SODQGLUSURVGHPDLV 3UDHXH[SODQGLUSURVGHPDLV
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1DPLUDomRTXHVHHVWHQGHDRUHDO 1DPLUDomRTXHVHHVWHQGHDRUHDO
 
3UDUHQDVFHUQRILQDO 3UDUHQDVFHUQRILQDO
eVHUHQmRSDUHFHU eVHUHQmRSDUHFHU
1DSRUWDDEHUWDTXHVHDEUHDRDVWUDO 1DSRUWDDEHUWDTXHVHDEUHDRDVWUDO
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1DSRUWDDEHUWDTXHVHDEUHDRDVWUDO 1DSRUWDDEHUWDTXHVHDEUHDRDVWUDO
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1DPLUDomRTXHVHHVWHQGHDRUHDO 1DPLUDomRTXHVHHVWHQGHDRUHDO
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'DLPHVXDOX]2K0DPmH 'DLPHVXDOX]2K0DPmH
3UDHXH[SODQGLUSURVGHPDLV 3UDHXH[SODQGLUSURVGHPDLV
 
&RP6mR0LJXHODFXUDDJRUDYDL &RP6mR0LJXHODFXUDDJRUDYDL
%RWDQGRIRJRQDRULJHPGRPDO %RWDQGRIRJRQDRULJHPGRPDO
eWHUFDOPDHDPRUQRVH[DPHV eWHUFDOPDHDPRUQRVH[DPHV
3UDSDVVDUQDSURYDILQDO 3UDSDVVDUQDSURYDILQDO
 
 
 
 
 
 
9DLFKHJDUFKHJRX 9DLFKHJDUFKHJRX
9DLFKHJDUGDIORUHVWD 9DLFKHJDUGDIORUHVWD
9DLFKHJDUGD/XD 9DLFKHJDUGD/XD
9DLFKHJDUGR6RO 9DLFKHJDUGR6RO
 
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6RXREULOKRGRPDU 6RXREULOKRGRPDU
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6RXDOX]GH'HXV 6RXDOX]GH'HXV
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(VWRXDTXLQD7HUUD (VWRXDTXLQD7HUUD
 
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6RXDOX]GH'HXV 6RXDOX]GH'HXV
6RXDOX]GH'HXV 6RXDOX]GH'HXV
 
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628$/8='('(86

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BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB 628$/8='('(86
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(VWRXDTXLQD7HUUD (VWRXDTXLQD7HUUD
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9DLFKHJDUFKHJRX 9DLFKHJDUFKHJRX
 
 

 
 
 
$FKDQFHHVWiDTXLDJRUD $FKDQFHHVWiDTXLDJRUD
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$TXLORTXHXPGLDIRPRV $TXLORTXHXPGLDIRPRV
 
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2PHVWUHYDLVHHPERUD 2PHVWUHYDLVHHPERUD
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6HLTXHLVVRDTXLpWRUD 6HLTXHLVVRDTXLpWRUD
7HPTXHVHJXUDUDEDUUD 7HPTXHVHJXUDUDEDUUD
 
 
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$TXLORTXHXPGLDIRPRV $TXLORTXHXPGLDIRPRV
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$FKDQFHHVWiDTXLDJRUD $FKDQFHHVWiDTXLDJRUD
 
 
 
 
 
 
 
 
 
 
 
 
1mRIDODUPDOGRPHXLUPmR 1mRIDODUPDOGRPHXLUPmR
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0HUJXOKRQHVWHVHUSURIXQGR 0HUJXOKRQHVWHVHUSURIXQGR
 
 
 
 
 

 
 
 
 
 
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1mRIDODUPDOGRPHXLUPmR 1mRIDODUPDOGRPHXLUPmR
 
 
 
 
 
 
 
 
 
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$VVLPQD7HUUDFRPRQRFpX $VVLPQD7HUUDFRPRQRFpX
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26RODVVLPFRPRGRXURX 26RODVVLPFRPRGRXURX
4XDQGRHXYLWXGRDEULOKDU 4XDQGRHXYLWXGRDEULOKDU
 
 
0DUFKD; 0DUFKD;
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
(17$5'(&(512)(,7,2 BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
(17$5'(&(512)(,7,2

(17$5'(&(512)(,7,2
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB (17$5'(&(512)(,7,2
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
0DUFKD; 0DUFKD;
 
 
4XDQGRHXYLWXGRDEULOKDU 4XDQGRHXYLWXGRDEULOKDU
26RODVVLPFRPRGRXURX 26RODVVLPFRPRGRXURX
(XDGRUHLDTXHODOX] (XDGRUHLDTXHODOX]
4XHPHIH]WDQWRIHOL] 4XHPHIH]WDQWRIHOL]
 
(XGHVFREULDYLGDDVVLP (XGHVFREULDYLGDDVVLP
4XDVHQmRFRXEHPDLVHPPLP 4XDVHQmRFRXEHPDLVHPPLP
$)RUoDGR3RGHU'LYLQR $)RUoDGR3RGHU'LYLQR
4XHFRPRRDUQmRWHPPDLVILP 4XHFRPRRDUQmRWHPPDLVILP
 
(QWmRHQWUHLQHVWH3DOiFLR (QWmRHQWUHLQHVWH3DOiFLR
4XHPLQKDPmHDEULXSUDPLP 4XHPLQKDPmHDEULXSUDPLP
(XYLR7URQRGH0DUILP (XYLR7URQRGH0DUILP
/XDUGHSUDWDHMDVPLP /XDUGHSUDWDHMDVPLP
 
 
 
 
 
 
 
 
 
 
 
4XDQWRPDLVYHMRHXDFKRHPPLP 4XDQWRPDLVYHMRHXDFKRHPPLP
6DEHGRULDRWHPSRWUD] 6DEHGRULDRWHPSRWUD]
&XLGDGRSUDQmRVHSHUGHUHP &XLGDGRSUDQmRVHSHUGHUHP
$PHXVLUPmRVHXGLJRDVVLP $PHXVLUPmRVHXGLJRDVVLP
 
 
4XHUHVSODQGHFHHPPLQKDSD] 4XHUHVSODQGHFHHPPLQKDSD]
&pXGHHVWUHODHVWDTXLHWXGH &pXGHHVWUHODHVWDTXLHWXGH
(TXHUHSRXVRHODQRVWUD] (TXHUHSRXVRHODQRVWUD]
1RILPGHWXGRDQRLWHFKHJD 1RILPGHWXGRDQRLWHFKHJD
 
 
 
 
 

 
 
 
 
 
1RILPGHWXGRDQRLWHFKHJD 1RILPGHWXGRDQRLWHFKHJD
(TXHUHSRXVRHODQRVWUD] (TXHUHSRXVRHODQRVWUD]
&pXGHHVWUHODHVWDTXLHWXGH &pXGHHVWUHODHVWDTXLHWXGH
4XHUHVSODQGHFHHPPLQKDSD] 4XHUHVSODQGHFHHPPLQKDSD]
 
 
$PHXVLUPmRVHXGLJRDVVLP $PHXVLUPmRVHXGLJRDVVLP
&XLGDGRSUDQmRVHSHUGHUHP &XLGDGRSUDQmRVHSHUGHUHP
6DEHGRULDRWHPSRWUD] 6DEHGRULDRWHPSRWUD]
4XDQWRPDLVYHMRHXDFKRHPPLP 4XDQWRPDLVYHMRHXDFKRHPPLP
 
 
 
 
 
 
 
 
 
 
 
1DIHEUHGRDPRU 1DIHEUHGRDPRU
$TXHFHRFRUDomR $TXHFHRFRUDomR
9LVLWRDPLQKDGRU 9LVLWRDPLQKDGRU
0HGLWRQRYD]LR 0HGLWRQRYD]LR
 
(X6RXH7XGRe (X6RXH7XGRe
3RURQGHHXYRXVHJXLQGR 3RURQGHHXYRXVHJXLQGR
1mRVHLTXHPPHRUGHQRX 1mRVHLTXHPPHRUGHQRX
&DPLQKRHWHQKRIp &DPLQKRHWHQKRIp
 
(XVHLTXHYRXFKHJDU (XVHLTXHYRXFKHJDU
1DOX]GR6DQWR$PRU 1DOX]GR6DQWR$PRU
'HVSHUWRFRUDomR 'HVSHUWRFRUDomR
$TXLSUHVHQWHHVWRX $TXLSUHVHQWHHVWRX
 
 
2IHUWDGRD-RDTXLP/HmR0DUFKD 2IHUWDGRD-RDTXLP/HmR0DUFKD
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
'(63(572&25$d2 BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
'(63(572&25$d2

'(63(572&25$d2
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB '(63(572&25$d2
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
2IHUWDGRD-RDTXLP/HmR0DUFKD 2IHUWDGRD-RDTXLP/HmR0DUFKD
 
 
$TXLSUHVHQWHHVWRX $TXLSUHVHQWHHVWRX
'HVSHUWRFRUDomR 'HVSHUWRFRUDomR
1DOX]GR6DQWR$PRU 1DOX]GR6DQWR$PRU
(XVHLTXHYRXFKHJDU (XVHLTXHYRXFKHJDU
 
&DPLQKRHWHQKRIp &DPLQKRHWHQKRIp
1mRVHLTXHPPHRUGHQRX 1mRVHLTXHPPHRUGHQRX
3RURQGHHXYRXVHJXLQGR 3RURQGHHXYRXVHJXLQGR
(X6RXH7XGRe (X6RXH7XGRe
 
0HGLWRQRYD]LR 0HGLWRQRYD]LR
9LVLWRDPLQKDGRU 9LVLWRDPLQKDGRU
$TXHFHRFRUDomR $TXHFHRFRUDomR
1DIHEUHGRDPRU 1DIHEUHGRDPRU
 
 
 
 
 
 
 
 
 
1RIXQGRGRPHXVHU 1RIXQGRGRPHXVHU
$FKHLRTXHSURFXUDYD $FKHLRTXHSURFXUDYD
6ySDUDDJUDGHFHU 6ySDUDDJUDGHFHU
(GLJRPDLVDLQGD (GLJRPDLVDLQGD
 
eVWXPHXFRUDomR eVWXPHXFRUDomR
$SpURODTXHDFKHL $SpURODTXHDFKHL
$FDOPDHVWDFDQomR $FDOPDHVWDFDQomR
2K0DUGDPLQKDDOPD 2K0DUGDPLQKDDOPD
 
9LGDGHQWURGHPLP 9LGDGHQWURGHPLP
5HVSLURQHVVHDU 5HVSLURQHVVHDU
$VVLPFRPRVRUULU $VVLPFRPRVRUULU
$WpSDUHFHVLPSOHV $WpSDUHFHVLPSOHV
 
 
 

 
 
 
$WpSDUHFHVLPSOHV $WpSDUHFHVLPSOHV
$VVLPFRPRVRUULU $VVLPFRPRVRUULU
5HVSLURQHVVHDU 5HVSLURQHVVHDU
9LGDGHQWURGHPLP 9LGDGHQWURGHPLP
 
2K0DUGDPLQKDDOPD 2K0DUGDPLQKDDOPD
$FDOPDHVWDFDQomR $FDOPDHVWDFDQomR
$SpURODTXHDFKHL $SpURODTXHDFKHL
eVWXPHXFRUDomR eVWXPHXFRUDomR
 
(GLJRPDLVDLQGD (GLJRPDLVDLQGD
6ySDUDDJUDGHFHU 6ySDUDDJUDGHFHU
$FKHLRTXHSURFXUDYD $FKHLRTXHSURFXUDYD
1RIXQGRGRPHXVHU 1RIXQGRGRPHXVHU
 
 
 
 
 
 

9HUVmR$JRVWRGH 9HUVmR$JRVWRGH

 

 

 

 
 

 

(VWH+LQiULRSHUWHQFHD (VWH+LQiULRSHUWHQFHD

 
 

 

 

 

 
(VWH+LQiULRSHUWHQFHD (VWH+LQiULRSHUWHQFHD

 

 
 

 

 

 

9HUVmR$JRVWRGH 9HUVmR$JRVWRGH

 

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