/RV(QLJPDVGHO&DUPHQ&RQGH U G P Q K E W N Q .CUU ¢&8$17$60$6&27$67(1*2"(QPLFDVDWHQJRYDULRVDQLPDOHV7R GRV VRQ SHUURV PHQRV GRV WRGRV VRQ JDWRV PHQRV GRV \ WRGRV VRQ ORURV PHQRVGRV ¢&XiQWRVDQLPDOHVWHQJRHQFDVD" &RPRKDEUiVGHVFXELHUWRWHQJRXQSHUURXQJDWR\XQORUR (1&8(1752$/$68QUHORMGHDJXMDVWLHQHVXVGRVDJXMDVMXQWDV \PDUFDODVHQSXQWR¢&XiQWDVYHFHVYROYHUiQODVDJXMDVDHVWDUMXQWDV DQWHVGHVHDQGHQXHYRODV" 3DUWLHQGRGHODVKRUDVVHYROYHUiQDMXQWDUDOD\DODV\ DODV\DODV\DODV\DODV\DODV\ DODV\DODV\\DODV\\DODVGHQXHYR(QWRWDO YHFHVDQWHVGHTXHYXHOYDQDVHUODV (/5(/2-'(0,$0,*2/H\HQGRHODQWHULRUHQLJPDPHKHDFRUGDGRGH XQEXHQDPLJReORGLDODWHFQRORJtDQRWLHQHUHORMGHSXOVHUDQLGHEROVL OOR \ SRU VXSXHVWR QR WLHQH RUGHQDGRU QR WHOHYLVLyQ QL UDGLR QL WHOpIRQR QLPyYLOQLFDVLQDGD(QVXFDVDWDQVRORWLHQHXQDQWLJXRUHORMGHSDUHG TXHGHELGRDTXHVHROYLGDGHGDUOHFXHUGDVHSDUDFRQIUHFXHQFLD&XDQGR RFXUUHHVWRPLDPLJRYLHQHDPLFDVDGHVGHVXEDUULRDORWURODGRGH/DV 5R]DV3DVDODWDUGHFRQPLJR\GHYXHOWDDVXFDVDSRQHHOUHORMHQKRUD 6LQRVDEHHOWLHPSRTXHLQYLHUWHHQHOFDPLQR¢FyPRHVSRVLEOHTXHQRVH HTXLYRTXHHQDMXVWDUODKRUDGHOUHORM" $OVDOLUGHFDVDPLDPLJRGDFXHUGDDOUHORM\HVFULEHODKRUDTXHPDUFDHQ XQSDSHO&XDQGROOHJDDPLFDVDDSXQWDODKRUDTXHHVHQHVHPRPHQWR 9XHOYHDDSXQWDUODKRUDDOVDOLUGHPLFDVD/OHJDDVXFDVDPLUDHOUHORM GHSDUHG\DVtDYHULJXDHOWLHPSRTXHKDHVWDGRIXHUD5HVWDGHOWLHPSR FDOFXODGRHOTXHKDHVWDGRHQPLFDVD$VtVDEHHOSHUtRGRLQYHUWLGRHQLU \YROYHU'LYLGHHVWHHQWUHGRV\HOUHVXOWDGRVHORVXPDDODKRUDTXHHUD FXDQGRVDOLyGHPLFDVD(VWHUHVXOWDGRHVHOTXHFRORFDHQVXUHORMGHSD UHG 352172&212&(5(,6/26$&(57$17(6