',5(&725,22),&,$/81,'$'1$&,21$/3$5$/$*(67,Ï1'(/5,(6*2'('(6$675(6 ',5(&&,Ï1*(1(5$/ &$5*2 ',5(&725 *(1(5$/ 6(5(7$5,$ (-(&87,9$ $6,67(17('( ',5(&&,Ï1 120%5(&203/(72 7HOpIRQRILMR &DUORV,YiQ0iUTXH]3pUH] 0DUWKD)RQVHFD 1RGH([WHQVLyQ )D[ &RUUHRHOHFWUyQLFR /DXUD*DUFtD &HOXODU ,QVWLWXFLRQDO FDUORVPDUTXH]#JHVWLRQGHOULHVJRJRYFR 3,1 $%( PDUWKDIRQVHFD#JHVWLRQGHOULHVJRJRYFR $%) ODXUDJDUFLD#JHVWLRQGHOULHVJRJRYFR $' )D[ &RUUHRHOHFWUyQLFR &HOXODU ,QVWLWXFLRQDO 3,1 HOLHFHUDUJXHOOR#JHVWLRQGHOULHVJRJRYFR OXLVDRVRULR#JHVWLRQGHOULHVJRJRYFR 12$3/,&$ (' 12$3/,&$ )D[ &RUUHRHOHFWUyQLFR &HOXODU ,QVWLWXFLRQDO 3,1 DQGUHDJDUFLD#JHVWLRQGHOULHVJRJRYFR DQGUHDJRQ]DOH]#JHVWLRQGHOULHVJRJRYFR 12$3/,&$ 12$3/,&$ 12$3/,&$ )D[ &RUUHRHOHFWUyQLFR &HOXODU ,QVWLWXFLRQDO 3,1 ROJDDUDJRQ#JHVWLRQGHOULHVJRJRYFR SDXODULRV#JHVWLRQGHOULHVJRJRYFR 12$3/,&$ $)& 12$3/,&$ 2),&,1$$6(625$-85,',&$ &$5*2 120%5(&203/(72 -()('($5($ 6(&5(7$5,$ 6HJXQGR(OLHFHU$UJXHOOR$QJXOR /XLVD)HUQDQGD2VRULR$ODUFyQ 7HOpIRQRILMR 1RGH([WHQVLyQ *5832'(*(67,Ï1&2175$&78$/ &$5*2 120%5(&203/(72 -()('($5($ 6(&5(7$5,$ $QGUHD*DUFtD9HJD $QGUHD*RQ]iOH]6DUPLHQWR 7HOpIRQRILMR 1RGH([WHQVLyQ 2),&,1$'(&21752/,17(512 &$5*2 120%5(&203/(72 -()('($5($ 6(&5(7$5,$ 2/*$<$1(7+$5$*Ï16È1&+(= 3$8/$$1'5($5,26*$5&,$ 7HOpIRQRILMR 1RGH([WHQVLyQ 2),&,1$$6(625$'(3/$1($&,Ï1(,1)250$&,Ï1 &$5*2 120%5(&203/(72 -()('($5($ 6(&5(7$5,$ (-(&87,9$ *HUDUGR-DUDPLOOR0RQWHQHJUR /DG\3DROD&XELGHV6XiUH] 7HOpIRQRILMR 1RGH([WHQVLyQ &RUUHRHOHFWUyQLFR &HOXODU ,QVWLWXFLRQDO 3,1 JHUDUGRMDUDPLLOR#JHVWLRQGHOULHVJRJRYFR % ODG\FXELGHV#JHVWLRQGHOULHVJRJRYFR 12$3/,&$ $( &RUUHRHOHFWUyQLFR &HOXODU ,QVWLWXFLRQDO 3,1 GLDQDORQGRQR#JHVWLRQGHOULHVJRJRYFR $& FDUROLQDDJXGHOR#JHVWLRQGHOULHVJRJRYFR %' MRKDQDURMDV#JHVWLRQGHOULHVJRJRYFR 12$3/,&$ 12$3/,&$ &RUUHRHOHFWUyQLFR &HOXODU ,QVWLWXFLRQDO 3,1 )D[ 2),&,1$$6(625$'(&2081,&$&,21(6 &$5*2 120%5(&203/(72 &225',1$'25$ 6(&5(7$5,$ (-(&87,9$ 'LDQD0DUFHOD/RQGRxR(VSLQHO &(1752'( '2&80(17$&,Ï1 <HLP\&DUROLQD$JXGHOR&DPSRV -RKDQD5RMDV 7HOpIRQRILMR 1RGH([WHQVLyQ )D[ $6(625(6 &$5*2 $6(625'( 352<(&726 $6(625 ),1$1&,(52 $6(625 $'0,1,675$7,92 $6(625$ -85,',&$ )1*5' $6(625 -85,',&2 81*5' -()(2),&,1$ $6(625$'( &2081,&$&,21(6 120%5(&203/(72 7HOpIRQRILMR 1RGH([WHQVLyQ )D[ <DFLU$QWRQLR5DPLUH]/XHQJDV \DFLUUDPLUH]#JHVWLRQGHOULHVJRJRYFR $''% MXOLR,JQDFLR*XWLHUUH] MXOLRJXWLHUUH]#JHVWLRQGHOULHVJRJRYFR 12$3/,&$ 12$3/,&$ -RUJH,YiQ1RYD*yPH] MRUJHQRYD#JHVWLRQGHOULHVJRJRYFR ) UHLQDJDOOHJR#JHVWLRQGHOULHVJRJRYFR 12$3/,&$ 5HLQD$PSDUR*DOOHJR %HQMDPLQ5LFDUGR&ROODQWH)HUQiQGH] EHQMDPLQFROODQWH#JHVWLRQGHOULHJRJRYFR 12$3/,&$ 6DQGUD&ULVWLQD&DOYR3LQ]RQ VDQGUDFDOYR#JHVWLRQGHOULHVJRJRYFR $(&% 68%',5(&&,Ï1*(1(5$/ *5832'(&223(5$&,Ï1,17(51$&,21$/ &$5*2 120%5(&203/(72 7HOpIRQRILMR 1RGH([WHQVLyQ )D[ &RUUHRHOHFWUyQLFR &HOXODU ,QVWLWXFLRQDO 3,1 -()('($5($ 0DUtD0DUJDULWD$ULDV6DQFKH] PDUJDULWDDULDV#JHVWLRQGHOULHJRJRYFR $ 6(&5(7$5,$ (ULND%HGR\D3RVDGD HULNDEHGR\D#JHVWLRQGHOULHVJRJRYFR 12$3/,&$ 12$3/,&$ )D[ &RUUHRHOHFWUyQLFR &HOXODU ,QVWLWXFLRQDO 3,1 IDQQ\WRUUHV#JHVWLRQGHOULHVJRJRYFR JLQQDVXDUH]#JHVWLRQGHOULHVJRJRYFR $) 12$3/,&$ *5832'(7$/(172+80$12 &$5*2 120%5(&203/(72 -()('($5($ 6(&5(7$5,$ )DQQ\7RUUHV(VWXSLxDQ *LQQD3DROD6XDUH]$OEDxLO 7HOpIRQRILMR 1RGH([WHQVLyQ *5832'(*(67,Ï1),1$1&,(5$<&217$%/( &$5*2 120%5(&203/(72 7HOpIRQRILMR 1RGH([WHQVLyQ -()('($5($ 6(&5(7$5,$ 352)(6,21$/ 81,9(56,7$5,2 3DXOLQD+HUQDQGH]$OGDQD /HLG\-XOLHWK2FDPSR+HUQiQGH] 1HOVRQ$ORQVR%RWHOOR 352)(6,21$/ 81,9(56,7$5,2 (PLOFH3HxD &RUUHRHOHFWUyQLFR &HOXODU ,QVWLWXFLRQDO 3,1 SDXOLQDKHUQDQGH]#JHVWLRQGHOULHVJRJRYFR OHLG\RFDPSR#JHVWLRQGHOULHVJRJRYFR $$ $' QHOVRQERWHOOR#JHVWLRQGHOULHVJRJRYFR 12$3/,&$ 12$3/,&$ 12$3/,&$ 12$3/,&$ )D[ HPLOFHSHQD#JHVWLRQGHOULHVJRJRYFR *5832'(*(67,Ï1$'0,1,675$7,9$ &$5*2 120%5(&203/(72 -()('($5($ 352)(6,21$/ '($32<2 $5&+,92 352)(6,21$/ (63(&,$/,=$'2 /X]$QJHOD0DULD*RPH]*RPH] &$5*2 120%5(&203/(72 7HOpIRQRILMR /XLV-DYLHU%DUUHUD &RUUHRHOHFWUyQLFR &HOXODU ,QVWLWXFLRQDO 3,1 DQJHODJRPH]#JHVWLRQGHOULHVJRJRYFR &($&% VWHOODWRUR#JHVWLRQGHOULHVJRJRYFR 12$3/,&$ 12$3/,&$ DUFKLYR#JHVWLRQGHOULHVJRJRYFR 12$3/,&$ 12$3/,&$ OXLVEDUUHUD#JHVWLRQGHOULHVJRJRYFR 12$3/,&$ )D[ 6WHOOD7RUR*DUFLD *HUDUGR6XHVFXP 1RGH([WHQVLyQ 5(&(3&,Ï181*5' $8;,/,$5 'LDQDQ0LOHQD4XLQWHUR9HOH]$OHMDQGUD+HUQiQGH] $'0,1,675$7,92 7HOpIRQRILMR 1RGH([WHQVLyQ )D[ &RUUHRHOHFWUyQLFR &HOXODU ,QVWLWXFLRQDO 3,1 GLDQDTXLQWHUR#JHVWLRQGHOULHVJRJRYFR 12$3/,&$ 12$3/,&$ 7HOpIRQRILMR 1RGH([WHQVLyQ )D[ &RUUHRHOHFWUyQLFR &HOXODU ,QVWLWXFLRQDO 3,1 $GPLQLVWUDWLYD KHUQDQFRUWHV#JHVWLRQGHOULHVJRJRYFR 12$3/,&$ 12$3/,&$ &RUUHRHOHFWUyQLFR &HOXODU ,QVWLWXFLRQDO 3,1 SLODUJDUFLD#JHVWLRQGHOULHVJRJRYFR $ ORUHQDFDUGHQDV#JHVWLRQGHOULHVJRJRYFR $7(1&,Ï1$/&,8'$'$12 &$5*2 5(63216$%/( +HUQiQ'DUtR&RUWpV&KDSDUUR 68%',5(&&,Ï13$5$(/&212&,0,(172'(/5,(6*2 &$5*2 -()('($5($ 120%5(&203/(72 7HOpIRQRILMR 1RGH([WHQVLyQ )D[ &RQWURO ,QWHUQR &RQWURO ,QWHUQR 3LODUGHO5RFtR*DUFtD*DUFtD 6(&5(7$5,$ (-(&87,9$ /RUHQD&iUGHQDV5RGUtJXH] &$5*2 120%5(&203/(72 -()('($5($ 6(&5(7$5,$ (-(&87,9$ $OHMDQGUD3DROD0HQGR]D$JXGHOR 68%',5(&&,Ï13$5$/$5('8&&,Ï1'(/5,(6*2 9LYLDQD$QGUHD*DLWDQ%RFDFKLFD 7HOpIRQRILMR 1RGH([WHQVLyQ &RUUHRHOHFWUyQLFR &HOXODU ,QVWLWXFLRQDO 3,1 DOHMDQGUDPHQGR]D#JHVWLRQGHOULHVJRJRYFR '(&& YLYLDQDJDLWDQ#JHVWLRQGHOULHVJRJRYFR )D[ *5832$32<2(&21Ï0,&20,//2148,1,(1726 120%5(&203/(72 7HOpIRQRILMR 1RGH([WHQVLyQ )D[ &RUUHRHOHFWUyQLFR &HOXODU ,QVWLWXFLRQDO 3,1 5(63216$%/(6 -DYLHU$OH[LV&DxRQ*XLRYDQQD6DQFKH] MDYLHUFDQRQ#JHVWLRQGHOULHVJRJRYFRJXLRYDQQD VDQFKH]#JHVWLRQGHOULHVJRJRYFR 12$3/,&$ &$5*2 120%5(&203/(72 7HOpIRQRILMR -()('($5($ 6(&5(7$5,$ <2$6,67(17( &RQWUDWLVWD $ERJDGD $GULDQD&XHYDV0DUtQ DGULDQDFXHYDV#JHVWLRQGHOULHVJRJRYFR &HOXODU ,QVWLWXFLRQDO $% DQJHOLFDURVDGR#JHVWLRQGHOULHVJRJRYFR $) DPSDURPDQ]DQR#JHVWLRQGHOULHVJRJRYFR $($ &$5*2 68%',5(&&,Ï13$5$(/0$1(-2'('(6$675(6 $QJpOLFD5RVDGR%D\RQD $PSDUR0DQ]DQR 1RGH([WHQVLyQ )D[ &RUUHRHOHFWUyQLFR 3,1 3URIHVLRQDO (VSHFLDOL]DGR 0LJXHO/XHQJDV PLJXHOOXHQJDV#JHVWLRQGHOULHVJRJRYFR $' &RUUHRHOHFWUyQLFR &HOXODU ,QVWLWXFLRQDO 3,1 SDXODFRQWUHUDV#JHVWLRQGHOULHVJRJRYFR $ PDXULFLRVDQDEULD#JHVWLRQGHOULHVJRJRYFR 12$3/,&$ 12$3/,&$ &RUUHRHOHFWUyQLFR &HOXODU ,QVWLWXFLRQDO 3,1 FDQG\EHOOR#JHVWLRQGHOULHVJRJRYFR &(% URFLREDUULHQWRV#JHVWLRQGHOULHVJRJRYFR 12$3/,&$ 12$3/,&$ &RUUHRHOHFWUyQLFR &HOXODU ,QVWLWXFLRQDO 3,1 VDODGHFULVLV#JHVWLRQGHOULHVJRJRYFRDOYDUR JDULWD#JHVWLRQGHOULHVJRJRYFR $( NDUHQDYLOD#JHVWLRQGHOULHVJRJRYFR VDODGHFULVLV#JHVWLRQGHOULHVJRJRYFR $%(& *58325(81,'26 &$5*2 120%5(&203/(72 5(63216$%/( 352)(6,21$/ '($32<2 /X]3DXOD&RQWUHUDV0XUFLD 0DXULFLR6DQDEULD 7HOpIRQRILMR 1RGH([WHQVLyQ )D[ *5832,1)5$(6758&785$ &$5*2 7pFQLFR $GPLQLVWUDWLYR $X[LOLDU $GPLQLVWUDWLYR 120%5(&203/(72 7HOpIRQRILMR &DQG\0DU\%HOOR*RQ]DOH] 1RGH([WHQVLyQ )D[ 5RFLR%DUULHQWRV 6$/$'(&5,6,6 &$5*2 &225',1$'25 6$/$'( &5,6,6 021,7256$/$ '(&5,6,6 120%5(&203/(72 7HOpIRQRILMR $OYDUR*DULWD6ROLV 1RGH([WHQVLyQ 12$3/,&$ .DUHQ3DWULFLD$YLOD )D[ R 12$3/,&$ 6$/$'(5$',26 &$5*2 5$',223(5$'25 '(78512 120%5(&203/(72 7HOpIRQRILMR 1RGH([WHQVLyQ )D[ &RUUHRHOHFWUyQLFR &HOXODU ,QVWLWXFLRQDO 3,1 23(5$'25'(78512 R UDGLRF#JHVWLRQGHOULHVJRJRYFR $%( &RUUHRHOHFWUyQLFR &HOXODU ,QVWLWXFLRQDO 3,1 JUDFLHODXVWDUL]#JHVWLRQGHOULHVJRJRYFR RVFDUVDODPDQFD#JHVWLRQGHOULHVJRJRYFR OLOLDQDKHUHGLD#JHVWLRQGHOULHVJRJRYFR 352<(&726(63(&,$/(6,19,$6&$/'$60,7,*$&,Ï1 &$5*2 &225',1$'25$ 352<(&726 &225',1$'25 7e&1,&2 $6,67(17( 352<(&726 120%5(&203/(72 7HOpIRQRILMR *UDFLHOD0DULD8VWDUL]0DQMDUUH] 2VFDU6DODPDQFD&RUUHGRU 1RGH([WHQVLyQ )D[ /LOLDQD+HUHGLD 12$3/,&$ 12$3/,&$ 352<(&726(63(&,$/(66(1$('8&$&,Ï1$*5,&8/785$ &$5*2 -()('($5($ &225',1$'25$ &219(1,2 6(1$ $8;,/,$5 $'0,1,675$7,92 &219(1,2 6(1$ &225',1$'25$ &219(1,2 0,1('8&$&,Ï1 $8;,/,$5 $'0,1,675$7,92 &219(1,2 0,1('8&$&,Ï1 &225',1$'25$ &219(1,2 $*5,&8/785$ $8;,/,$5 $'0,1,675$7,92 &219(1,2 $*5,&8/785$ .DW\D$OED-LQHWH NDW\MLQHWH#JHVWLRQGHOULHVJRJRYFR &HOXODU ,QVWLWXFLRQDO (ULNDJXWLHUUH] HULNDJXWLHUUH]#JHVWLRQGHOULHVJRJRYFR &ODXGLD0DWRPD FODXGLDPDWRPD#JHVWLRQGHOULHVJRJRYFR 12$3/,&$ 0DUJDULWD5RVD%HOOR PDUJDULWDEHOOR#JHVWLRQGHOULHVJRJRYFR R 120%5(&203/(72 7HOpIRQRILMR 1RGH([WHQVLyQ )D[ &RUUHRHOHFWUyQLFR 12$3/,&$ 3,1 12$3/,&$ ,QJULG-HDQHWK6LOYD LQJULGVLOYD#JHVWLRQGHOULHVJRJRYFR *XLRYDQQD'HOJDGR JXLRYDQQDGHOJDGR#JHVWLRQGHOULHVJRJRYFR 6DQGUD'LD] VDQGUDGLD]#JHVWLRQGHOULHVJRJRYFR