,167,7872 1$&,21$/ '( (67$'67,&$ < *(2*5$)$ ',5(&&,1 *(1(5$/ '( (67$'67,&$6 (&210,&$6 &$7/2*2 '( 352'8&726 &21 &/$6,),&$'25 6&,$1 1 &/$6( (/$%25$&,1 '( $/,0(1726 3$5$ $1,0$/(6 7RWDO GH SURGXFWRV 30 ᤢ ᤢ ᤢ ᤢ ᤢ ᤢ ᤡ ᤡ ᤡ ᤡ $/,0(1726 3$5$ $9(6 '( &255$/ %DODQFHDGRV 3DUD SRQHGRUDV 3DUD FUHFLPLHQWR \ HQJRUGD 3DUD JDOORV GH SHOHD 3DUD SDYRV 'H RWUR WLSR HVSHFLILFDU $/,0(1726 3$5$ *$1$'2 %29,12 %DODQFHDGRV 3DUD FUHFLPLHQWR 3DUD HQJRUGD 3DUD SURGXFFLµQ GH OHFKH 'H RWUR WLSR HVSHFLILFDU $/,0(1726 3$5$ *$1$'2 325&,12 %DODQFHDGRV 3DUD FUHFLPLHQWR 3DUD HQJRUGD 'H RWUR WLSR HVSHFLILFDU $/,0(1726 3$5$ 2752 7,32 '( *$1$'2 (TXLQR 2YLQR 2WURV HVSHFLILFDU $/,0(1726 %$/$1&($'26 3$5$ 27526 $1,0$/(6 3HUURV *DWRV &DPDUµQ &RQHMRV 3HFHV 2WURV HVSHFLILFDU &203/(0(1726 $/,0(17,&,26 0H]FODV 0ROLGRV 3LJPHQWRV 2WURV HVSHFLILFDU 27526 '(6(&+26 < 68%352'8&726 27526 352'8&726 12 *(15,&26 ᤡ '(120,1$&,1 '(/ 352'8&72 ᤡ &/$9( '(/ 352'8&72 &/$9( '( 81,'$' 81,'$' '( 0(','$ 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD ,167,7872 1$&,21$/ '( (67$'67,&$ < *(2*5$)$ ',5(&&,1 *(1(5$/ '( (67$'67,&$6 (&210,&$6 &$7/2*2 '( 352'8&726 &21 &/$6,),&$'25 6&,$1 1 &/$6( %(1(),&,2 '(/ $552= 7RWDO GH SURGXFWRV 15 ᤢ ᤢ ᤢ ᤡ $552= %(1(),&,$'2 0HGLR JUDQR 6XSHULRU 6XSHULRU 6XSHULRU ,QWHJUDO 'H RWUR WLSR HVSHFLILFDU 68%352'8&726 '(/ %(1(),&,2 '( $552= &DVFDULOOD *UDQLOOR 6DOYDGR GH DUUR] 3XOLGR GH DUUR] 2WURV HVSHFLILFDU 27526 352'8&726 %(1(),&,$'26 )ULMRO 2WURV HVSHFLILFDU 27526 '(6(&+26 < 68%352'8&726 27526 352'8&726 12 *(15,&26 ᤡ '(120,1$&,1 '(/ 352'8&72 ᤡ &/$9( '(/ 352'8&72 &/$9( '( 81,'$' 81,'$' '( 0(','$ 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD ,167,7872 1$&,21$/ '( (67$'67,&$ < *(2*5$)$ ',5(&&,1 *(1(5$/ '( (67$'67,&$6 (&210,&$6 &$7/2*2 '( 352'8&726 &21 &/$6,),&$'25 6&,$1 1 &/$6( (/$%25$&,1 '( +$5,1$ '( 75,*2 7RWDO GH SURGXFWRV 13 ᤢ ᤢ +$5,1$ '( 75,*2 '( 3ULPHUD 6HJXQGD ,QWHJUDO 7HUFHUD 2WUR WLSR HVSHFLILFDU 27526 352'8&726 '( /$ 02/,(1'$ '( 75,*2 6DOYDGR GH WULJR *HUPHQ 6HPLWD R DFHPLWH 6«PROD R VHPROLQD 6HPLWLOOD R JUDQLOOR 2WURV HVSHFLILFDU 27526 '(6(&+26 < 68%352'8&726 27526 352'8&726 12 *(15,&26 ᤡ '(120,1$&,1 '(/ 352'8&72 ᤡ &/$9( '(/ 352'8&72 &/$9( '( 81,'$' 81,'$' '( 0(','$ 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD ,167,7872 1$&,21$/ '( (67$'67,&$ < *(2*5$)$ ',5(&&,1 *(1(5$/ '( (67$'67,&$6 (&210,&$6 &$7/2*2 '( 352'8&726 &21 &/$6,),&$'25 6&,$1 1 &/$6( (/$%25$&,1 '( +$5,1$ '( 0$= &/$9( '(/ 352'8&72 '(120,1$&,1 '(/ 352'8&72 +$5,1$ '( 0D¯] 27526 '(6(&+26 < 68%352'8&726 27526 352'8&726 12 *(15,&26 7RWDO GH SURGXFWRV 3 &/$9( '( 81,'$' 81,'$' '( 0(','$ 7RQHODGD ,167,7872 1$&,21$/ '( (67$'67,&$ < *(2*5$)$ ',5(&&,1 *(1(5$/ '( (67$'67,&$6 (&210,&$6 &$7/2*2 '( 352'8&726 &21 &/$6,),&$'25 6&,$1 1 &/$6( (/$%25$&,1 '( 0$/7$ 7RWDO GH SURGXFWRV 8 ᤢ ᤢ ᤢ ᤡ 0$/7$ (Q JUDQR SDUD FHUYH]D (Q SROYR ([WUDFWR 'H RWUR WLSR HVSHFLILFDU '(5,9$'26 '( /$ 352'8&&,1 '( 0$/7$ 6DOYDGR R FDVFDULOOD 2WURV HVSHFLILFDU 27526 '(6(&+26 < 68%352'8&726 27526 352'8&726 12 *(15,&26 ᤡ '(120,1$&,1 '(/ 352'8&72 ᤡ &/$9( '(/ 352'8&72 &/$9( '( 81,'$' 81,'$' '( 0(','$ 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD ,167,7872 1$&,21$/ '( (67$'67,&$ < *(2*5$)$ ',5(&&,1 *(1(5$/ '( (67$'67,&$6 (&210,&$6 &$7/2*2 '( 352'8&726 &21 &/$6,),&$'25 6&,$1 1 &/$6( (/$%25$&,1 '( )&8/$6 < 27526 $/0,'21(6 < 686 '(5,9$'26 7RWDO GH SURGXFWRV 19 ᤢ ᤢ ᤢ ᤢ ᤡ ᤡ $/0,'21(6 '( 0D¯] 7ULJR 2WURV HVSHFLILFDU )&8/$6 '( 0D¯] 2WUDV FODVHV HVSHFLILFDU '(5,9$'26 '( /$ 02/,(1'$ &DVFDULOODV 6DOYDGR \R VDOYDGLOOR *HUPHQ *OXWHQ $FHLWH 'H[WULQDV $PLVRO 2WURV HVSHFLILFDU $=&$5(6 <2 -$5$%(6 *OXFRVD )UXFWXRVD 'H[WURVD 2WURV HVSHFLILFDU 27526 '(6(&+26 < 68%352'8&726 27526 352'8&726 12 *(15,&26 ᤡ '(120,1$&,1 '(/ 352'8&72 ᤡ &/$9( '(/ 352'8&72 &/$9( '( 81,'$' 81,'$' '( 0(','$ 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD ,167,7872 1$&,21$/ '( (67$'67,&$ < *(2*5$)$ ',5(&&,1 *(1(5$/ '( (67$'67,&$6 (&210,&$6 &$7/2*2 '( 352'8&726 &21 &/$6,),&$'25 6&,$1 1 &/$6( (/$%25$&,1 '( $&(,7(6 < *5$6$6 9(*(7$/(6 &20(67,%/(6 &/$9( '( 81,'$' 7RWDO GH SURGXFWRV 34 ᤢ ᤢ ᤢ ᤢ ᤢ ᤡ ᤡ ᤡ ᤢ ᤡ $&(,7(6 5(),1$'26 &20(67,%/(6 '( $MRQMRO¯ &£UWDPR *LUDVRO 0D¯] 6HPLOOD GH DOJRGµQ 6R\D 1DER \R FDQROD 2OLYR 0H]FODV GH DFHLWHV HVSHFLILFDU 27526 $&(,7(6 5(),1$'26 '( &RFR 3DOPD 2WURV HVSHFLILFDU $&(,7(6 &58'26 3$5$ /$ 9(17$ '( 6R\D 1DER \R FDQROD &£UWDPR *LUDVRO 0H]FODV &RFR 0D¯] 2WURV HVSHFLILFDU *5$6$6 9(*(7$/(6 &20(67,%/(6 0DQWHFD 0DUJDULQD 2WUDV HVSHFLILFDU 3$67$6 '( &£UWDPR 6R\D 1DER \R FDQROD *LUDVRO 2WUDV HVSHFLILFDU 27526 '(5,9$'26 < 68%352'8&726 +DULQD GH VHPLOOD GH ROHDJLQRVDV %RUUDV GH ROHDJLQRVDV &DVFDULOOD 2WURV HVSHFLILFDU 27526 '(6(&+26 < 68%352'8&726 27526 352'8&726 12 *(15,&26 ᤡ '(120,1$&,1 '(/ 352'8&72 ᤡ &/$9( '(/ 352'8&72 81,'$' '( 0(','$ 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 1 ,167,7872 1$&,21$/ '( (67$'67,&$ < *(2*5$)$ ',5(&&,1 *(1(5$/ '( (67$'67,&$6 (&210,&$6 &$7/2*2 '( 352'8&726 &21 &/$6,),&$'25 6&,$1 &/$6( (/$%25$&,1 '( &(5($/(6 3$5$ (/ '(6$<812 7RWDO GH SURGXFWRV 22 ᤢ ᤢ ᤢ ᤢ ᤢ ᤢ ᤢ ᤡ ᤡ ᤡ ᤡ ᤡ +2-8(/$6 '( 0$= $O QDWXUDO $]XFDUDGDV &RQ PLHO &RQ VDERU D FKRFRODWH 2WUDV HVSHFLILFDU 27526 &(5($/(6 '( 0$= ,QIODGRV 2WURV HVSHFLILFDU &(5($/(6 '( 75,*2 (Q KRMXHODV ,QIODGRV 2WURV HVSHFLILFDU &(5($/(6 '( $9(1$ (Q KRMXHODV ,QWHJUDOHV 2WURV HVSHFLILFDU &(5($/(6 '( $552= ,QIODGRV (Q KRMXHODV 2WURV HVSHFLILFDU 27526 &(5($/(6 0H]FODV 2WURV HVSHFLILFDU 27526 352'8&726 $ %$6( '( &(5($/(6 %DUUDV 2WURV HVSHFLILFDU 27526 '(6(&+26 < 68%352'8&726 27526 352'8&726 12 *(15,&26 ᤡ '(120,1$&,1 '(/ 352'8&72 ᤡ &/$9( '(/ 352'8&72 &/$9( '( 81,'$' 81,'$' '( 0(','$ 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 1 ,167,7872 1$&,21$/ '( (67$'67,&$ < *(2*5$)$ ',5(&&,1 *(1(5$/ '( (67$'67,&$6 (&210,&$6 &$7/2*2 '( 352'8&726 &21 &/$6,),&$'25 6&,$1 &/$6( (/$%25$&,1 '( $=&$5 '( &$$ 7RWDO GH SURGXFWRV 11 ᤢ ᤢ ᤡ ᤢ $=&$5 (VW£QGDU 0DVFDEDGR 5HILQDGD 2WUD HVSHFLILFDU 0,(/(6 '( &$$ &ULVWDOL]DEOHV ,QFULVWDOL]DEOHV PHOD]D 2WUDV HVSHFLILFDU $/&2+2/ (W¯OLFR '(5,9$'26 '( /$ 02/,(1'$ '( /$ &$$ %DJD]R 27526 '(6(&+26 < 68%352'8&726 27526 352'8&726 12 *(15,&26 ᤡ '(120,1$&,1 '(/ 352'8&72 ᤡ &/$9( '(/ 352'8&72 &/$9( '( 81,'$' 81,'$' '( 0(','$ 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 0LO OLWURV 7RQHODGD 1 ,167,7872 1$&,21$/ '( (67$'67,&$ < *(2*5$)$ ',5(&&,1 *(1(5$/ '( (67$'67,&$6 (&210,&$6 &$7/2*2 '( 352'8&726 &21 &/$6,),&$'25 6&,$1 &/$6( (/$%25$&,1 '( &+2&2/$7( < 352'8&726 '( &+2&2/$7( $ 3$57,5 '( &$&$2 7RWDO GH SURGXFWRV 36 ᤢ ᤢ ᤢ ᤢ ᤢ ᤡ ᤡ ᤡ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ᤡ '(120,1$&,1 '(/ 352'8&72 ᤡ &/$9( '(/ 352'8&72 &/$9( '( 81,'$' 81,'$' '( 0(','$ 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD ,167,7872 1$&,21$/ '( (67$'67,&$ < *(2*5$)$ ',5(&&,1 *(1(5$/ '( (67$'67,&$6 (&210,&$6 &$7/2*2 '( 352'8&726 &21 &/$6,),&$'25 6&,$1 1 &/$6( (/$%25$&,1 '( 352'8&726 '( &+2&2/$7( $ 3$57,5 '( &+2&2/$7( 7RWDO GH SURGXFWRV 32 ᤢ ᤢ ᤢ ᤢ ᤢ ᤡ ᤡ ᤡ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ᤡ '(120,1$&,1 '(/ 352'8&72 ᤡ &/$9( '(/ 352'8&72 &/$9( '( 81,'$' 81,'$' '( 0(','$ 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 1 ,167,7872 1$&,21$/ '( (67$'67,&$ < *(2*5$)$ ',5(&&,1 *(1(5$/ '( (67$'67,&$6 (&210,&$6 &$7/2*2 '( 352'8&726 &21 &/$6,),&$'25 6&,$1 &/$6( (/$%25$&,1 '( '8/&(6 &+,&/(6 < 352'8&726 '( &21),7(5$ 48( 12 6($1 '( &+2&2/$7( ᤢ ᤢ ᤢ ᤢ ᤢ ᤢ ᤢ ᤡ ᤡ ᤡ ᤡ ᤡ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ᤡ '(120,1$&,1 '(/ 352'8&72 ᤡ &/$9( '(/ 352'8&72 &/$9( '( 81,'$' 81,'$' '( 0(','$ 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 1 ,167,7872 1$&,21$/ '( (67$'67,&$ < *(2*5$)$ ',5(&&,1 *(1(5$/ '( (67$'67,&$6 (&210,&$6 &$7/2*2 '( 352'8&726 &21 &/$6,),&$'25 6&,$1 &/$6( (/$%25$&,1 '( '8/&(6 &+,&/(6 < 352'8&726 '( &21),7(5$ 48( 12 6($1 '( &+2&2/$7( &DMHWD 2WURV HVSHFLILFDU 27526 '(6(&+26 < 68%352'8&726 27526 352'8&726 12 *(15,&26 7RWDO GH SURGXFWRV 39 ᤢ '(120,1$&,1 '(/ 352'8&72 ᤡ &/$9( '(/ 352'8&72 &/$9( '( 81,'$' 81,'$' '( 0(','$ 7RQHODGD 7RQHODGD ,167,7872 1$&,21$/ '( (67$'67,&$ < *(2*5$)$ ',5(&&,1 *(1(5$/ '( (67$'67,&$6 (&210,&$6 &$7/2*2 '( 352'8&726 &21 &/$6,),&$'25 6&,$1 1 &/$6( &21*(/$&,1 '( )587$6 < 9(5'85$6 7RWDO GH SURGXFWRV 28 ᤢ ᤡ ᤡ ᤢ ᤢ ᤢ &/$9( '( 81,'$' )587$6 &21*(/$'$6 )UHVD 0DQJR 0HOµQ *XD\DED 'XUD]QR =DU]DPRUD 3DSD\D $JXDFDWH 2WUDV HVSHFLILFDU +257$/,=$6 <2 9(5'85$6 &21*(/$'$6 %UµFROL &DODED]D 3LPLHQWR &ROLIORU (VSLQDFDV =DQDKRULD 3DSDV $SLR 2WUDV HVSHFLILFDU /(*80,126$6 < &(5($/(6 &21*(/$'26 &K¯FKDURV (ORWHV \ JUDQRV GH PD¯] (MRWHV 2WUDV HVSHFLILFDU 0(=&/$6 &21*(/$'$6 '( )587$6 2 /(*80%5(6 35,1&,3$/0(17( '( )UXWDV /HJXPLQRVDV +RUWDOL]DV \ YHUGXUDV 2WUDV HVSHFLILFDU 27526 '(6(&+26 < 68%352'8&726 27526 352'8&726 12 *(15,&26 ᤡ '(120,1$&,1 '(/ 352'8&72 ᤡ &/$9( '(/ 352'8&72 81,'$' '( 0(','$ 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 1 ,167,7872 1$&,21$/ '( (67$'67,&$ < *(2*5$)$ ',5(&&,1 *(1(5$/ '( (67$'67,&$6 (&210,&$6 &$7/2*2 '( 352'8&726 &21 &/$6,),&$'25 6&,$1 &/$6( &216(59$&,1 '( )587$6 < 9(5'85$6 325 352&(626 ',67,1726 $ /$ &21*(/$&,1 < /$ '(6+,'5$7$&,1 ᤢ ᤢ ᤢ ᤢ ᤡ ᤡ /(*80%5(6 $FHLWXQDV SUHSDUDGDV )587$6 (1 &216(59$ 'XUD]QR )UHVD *XD\DED 0DQJR 0DQ]DQD 3DSD\D 3L³D 7RURQMD 0H]FOD GH IUXWDV 3XOSD GH DJXDFDWH 2WUDV HVSHFLILFDU &+,/(6 (1 &216(59$ -DODSH³RV 6HUUDQRV &KLSRWOHV 2WURV HVSHFLILFDU +257$/,=$6 (1 &216(59$ (1 6$/08(5$ $OFDFKRID &KDPSL³RQHV (VS£UUDJRV 3LPLHQWR PRUUµQ 7RPDWHV HQ SXU« R HQ RWUDV IRUPDV 0H]FODV GLYHUVDV 1RSDOHV =DQDKRULDV 2WUDV HVSHFLILFDU /(*80%5(6 < 27526 9(*(7$/(6 (1 &216(59$ (1 6$/08(5$ %UµFROL &K¯FKDURV (ORWHV )ULMROHV *DUEDQ]RV 0H]FODV 2WUDV HVSHFLILFDU -8*26 < 1&7$5(6 '( )587$6 '( 0DQJR 1DUDQMD 3L³D 0H]FODV 8YD ᤡ '(120,1$&,1 '(/ 352'8&72 ᤡ &/$9( '(/ 352'8&72 &/$9( '( 81,'$' 81,'$' '( 0(','$ 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 0LO OLWURV 0LO OLWURV 0LO OLWURV 0LO OLWURV 0LO OLWURV ,167,7872 1$&,21$/ '( (67$'67,&$ < *(2*5$)$ ',5(&&,1 *(1(5$/ '( (67$'67,&$6 (&210,&$6 &$7/2*2 '( 352'8&726 &21 &/$6,),&$'25 6&,$1 1 &/$6( &216(59$&,1 '( )587$6 < 9(5'85$6 325 352&(626 ',67,1726 $ /$ &21*(/$&,1 < /$ '(6+,'5$7$&,1 7RWDO GH SURGXFWRV 67 ᤢ ᤢ ᤢ ᤡ ᤡ ᤡ ᤡ ᤢ ᤢ ᤢ &/$9( '( 81,'$' 0DQ]DQD 'XUD]QR *XD\DED 2WURV HVSHFLILFDU -8*26 '( +257$/,=$6 < /(*80%5(6 '( 7RPDWH 9HUGXUDV 2WURV HVSHFLILFDU 27526 352'8&726 $ %$6( '( )587$6 +257$/,=$6 < /(*80%5(6 6DOVDV GH GLYHUVRV WLSRV 6LGUD 1DUDQMDGDV 2WURV HVSHFLILFDU 0(50(/$'$6 '( )587$6 '( 'XUD]QR )UHVD 3L³D 2WUDV HVSHFLILFDU +257$/,=$6 (1 &216(59$ 325 352&(626 ',67,1726 $ /$ 6$/08(5$ $OFDFKRID &KDPSL³RQHV (VS£UUDJRV 3LPLHQWR PRUUµQ 7RPDWHV HQ SXU« \ HQ RWUDV IRUPDV &ROLIORU 0H]FODV GLYHUVDV 2WUDV HVSHFLILFDU /(*80%5(6 < 27526 9(*(7$/(6 (1 &216(59$ 325 352&(626 ',67,1726 $ /$ 6$/08(5$ %UµFROL &K¯FKDURV (ORWHV )ULMROHV 2WUDV HVSHFLILFDU 27526 '(6(&+26 < 68%352'8&726 27526 352'8&726 12 *(15,&26 ᤡ '(120,1$&,1 '(/ 352'8&72 ᤡ &/$9( '(/ 352'8&72 81,'$' '( 0(','$ 0LO OLWURV 0LO OLWURV 0LO OLWURV 0LO OLWURV 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 0LO OLWURV 0LO OLWURV 0LO OLWURV 7RQHODGD 0LO OLWURV 0LO OLWURV 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD ,167,7872 1$&,21$/ '( (67$'67,&$ < *(2*5$)$ ',5(&&,1 *(1(5$/ '( (67$'67,&$6 (&210,&$6 &$7/2*2 '( 352'8&726 &21 &/$6,),&$'25 6&,$1 1 &/$6( &216(59$&,1 '( $/,0(1726 35(3$5$'26 325 352&(626 ',67,1726 $ /$ &21*(/$&,1 ᤢ ᤢ ᤢ ᤢ ᤢ ᤢ ᤢ ᤢ ᤢ ᤡ ᤡ ᤡ ᤡ ᤡ ᤡ ᤡ 623$6 &21'(16$'$6 '( &KDPSL³RQHV (ORWH (VS£UUDJRV 9HUGXUDV GLYHUVDV &KLOH SREODQR 3ROOR 2WUDV HVSHFLILFDU 623$6 '(6+,'5$7$'$6 '( 3DVWD 2WUDV HVSHFLILFDU )5,-2/(6 (QODWDGRV 2WURV HVSHFLILFDU &21&(175$'26 3$5$ &$/'26 < 623$6 $ %$6( '( 3HVFDGRV \ PDULVFRV 3ROOR 5HV 7RPDWH URMR 2WURV HVSHFLILFDU $/,0(1726 (63(&,$/(6 &RODGRV 3LFDGRV 2WURV HVSHFLILFDU -8*26 '( 9HUGXUDV 6R\D 2WURV HVSHFLILFDU 27526 352'8&726 0ROHV 2WURV HVSHFLILFDU 623$6 ,167$171($6 '( 3DVWD $UUR] 9HUGXUDV 2WUDV HVSHFLILFDU 6$/6$6 1R SLFDQWHV 3LFDQWHV *XDFDPROH 2WUDV HVSHFLILFDU 27526 '(6(&+26 < 68%352'8&726 27526 352'8&726 12 *(15,&26 ᤡ '(120,1$&,1 '(/ 352'8&72 ᤡ &/$9( '(/ 352'8&72 &/$9( '( 81,'$' 81,'$' '( 0(','$ 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 0LO OLWURV 0LO OLWURV 0LO OLWURV 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD ,167,7872 1$&,21$/ '( (67$'67,&$ < *(2*5$)$ ',5(&&,1 *(1(5$/ '( (67$'67,&$6 (&210,&$6 &$7/2*2 '( 352'8&726 &21 &/$6,),&$'25 6&,$1 1 &/$6( &216(59$&,1 '( $/,0(1726 35(3$5$'26 325 352&(626 ',67,1726 $ /$ &21*(/$&,1 &/$9( '(/ 352'8&72 '(120,1$&,1 '(/ 352'8&72 7RWDO GH SURGXFWRV 34 &/$9( '( 81,'$' 81,'$' '( 0(','$ ,167,7872 1$&,21$/ '( (67$'67,&$ < *(2*5$)$ ',5(&&,1 *(1(5$/ '( (67$'67,&$6 (&210,&$6 &$7/2*2 '( 352'8&726 &21 &/$6,),&$'25 6&,$1 1 &/$6( (/$%25$&,1 '( /(&+( /48,'$ 7RWDO GH SURGXFWRV 28 ᤢ ᤢ ᤢ ᤢ ᤢ ᤢ ᤡ ᤡ ᤡ ᤡ 5(+,'5$7$&,1 '( /(&+( (QWHUD 'HVFUHPDGD )µUPXOD O£FWHD 6HPLGHVFUHPDGD 2WUD HVSHFLILFDU 3$67(85,=$&,1 '( /(&+( (17(5$ 3DVWHXUL]DGD 3DVWHXUL]DGD \ KRPRJHQHL]DGD 8OWUDSDVWHXUL]DGD 2WUD HVSHFLILFDU 3$67(85,=$&,1 '( /(&+( '(6&5(0$'$ 3DVWHXUL]DGD 3DVWHXUL]DGD \ KRPRJHQHL]DGD 8OWUDSDVWHXUL]DGD 2WUD HVSHFLILFDU /(&+( (1 275$6 )250$6 'HVKLGUDWDGD /HFKH GH VDERUHV 2WUD HVSHFLILFDU '(5,9$'26 /&7(26 &UHPD R JUDVD EXW¯ULFD <RJXUW 4XHVR 0DQWHTXLOOD 2WURV HVSHFLILFDU 27526 352'8&726 -XJRV 1DUDQMDGDV $JXD SXULILFDGD &HUHDO O¯TXLGR 2WURV HVSHFLILFDU 27526 '(6(&+26 < 68%352'8&726 27526 352'8&726 12 *(15,&26 ᤡ '(120,1$&,1 '(/ 352'8&72 ᤡ &/$9( '(/ 352'8&72 &/$9( '( 81,'$' 81,'$' '( 0(','$ 0LO OLWURV 0LO OLWURV 0LO OLWURV 0LO OLWURV 0LO OLWURV 0LO OLWURV 0LO OLWURV 0LO OLWURV 0LO OLWURV 0LO OLWURV 0LO OLWURV 0LO OLWURV 0LO OLWURV 7RQHODGD 0LO OLWURV 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 0LO OLWURV 0LO OLWURV 0LO OLWURV 0LO OLWURV 0LO OLWURV 1 ,167,7872 1$&,21$/ '( (67$'67,&$ < *(2*5$)$ ',5(&&,1 *(1(5$/ '( (67$'67,&$6 (&210,&$6 &$7/2*2 '( 352'8&726 &21 &/$6,),&$'25 6&,$1 &/$6( (/$%25$&,1 '( /(&+( (1 32/92 &21'(16$'$ < (9$325$'$ 7RWDO GH SURGXFWRV 20 ᤢ ᤢ ᤢ ᤡ /(&+( (1 32/92 (QWHUD 'HVFUHPDGD 6HPLGHVFUHPDGD 3DUD ODFWDQWHV 'LHW«WLFD 6DERUL]DGD 2WUD HVSHFLILFDU /(&+( &RQGHQVDGD /(&+( (9$325$'$ (QWHUD 'HVFUHPDGD 6HPLGHVFUHPDGD 2WUD HVSHFLILFDU '(5,9$'26 /&7(26 &UHPD R JUDVD EXW¯ULFD 3URGXFWRV DOLPHQWLFLRV YLWDPLQDGRV \ VDERUL]DQWHV HQ SROYR 6XVWLWXWR GH FUHPD HQ SROYR SDUD FDI« 6XSOHPHQWRV DOLPHQWLFLRV 6XHUR 2WURV HVSHFLILFDU 27526 '(6(&+26 < 68%352'8&726 27526 352'8&726 12 *(15,&26 ᤡ '(120,1$&,1 '(/ 352'8&72 ᤡ &/$9( '(/ 352'8&72 &/$9( '( 81,'$' 81,'$' '( 0(','$ 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 1 ,167,7872 1$&,21$/ '( (67$'67,&$ < *(2*5$)$ ',5(&&,1 *(1(5$/ '( (67$'67,&$6 (&210,&$6 &$7/2*2 '( 352'8&726 &21 &/$6,),&$'25 6&,$1 &/$6( (/$%25$&,1 '( '(5,9$'26 < )(50(1726 /&7(26 ᤢ ᤢ ᤢ ᤢ ᤢ ᤢ ᤡ ᤡ ᤡ ᤡ &5(0$ '( /(&+( 1DWXUDO FLGD 2WUD HVSHFLILFDU 48(626 '( /(&+( '( 9$&$ $PDULOOR &KLKXDKXD &UHPD 'REOH FUHPD )UHVFR 0DQFKHJR 2D[DFD 3DQHOD $VDGHUR &RWWDJH &RWLMD 0R]DUHOD 5HTXHVµQ 2WURV HVSHFLILFDU 27526 '(5,9$'26 /&7(26 (;&(372 <2*857 0DQWHTXLOOD 6XHURV 2WURV HVSHFLILFDU 352'8&726 $ %$6( '( *5$6$6 9(*(7$/(6 &UHPD GXOFH WLSR FKDQWLOO\ &UHPD 0DUJDULQD 2WURV HVSHFLILFDU <2*857 (1 ',9(56$6 )250$6 1DWXUDO VµOLGR &RQ IUXWDV \R FHUHDOHV 3DUD EHEHU /LFXDGRV &UHPD R TXHVR 2WURV HVSHFLILFDU 27526 )(50(1726 /&7(26 /HFKH E¼OJDUD %HELGDV D EDVH GH ODFWREDFLORV 2WURV HVSHFLILFDU 27526 352'8&726 /&7(26 )ODQHV \ SRVWUHV D EDVH GH OHFKH +HODGRV %DVH SDUD KHODGRV ᤡ '(120,1$&,1 '(/ 352'8&72 ᤡ &/$9( '(/ 352'8&72 &/$9( '( 81,'$' 81,'$' '( 0(','$ 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 0LO OLWURV 0LO OLWURV 0LO OLWURV 7RQHODGD 7RQHODGD 7RQHODGD 1 ,167,7872 1$&,21$/ '( (67$'67,&$ < *(2*5$)$ ',5(&&,1 *(1(5$/ '( (67$'67,&$6 (&210,&$6 &$7/2*2 '( 352'8&726 &21 &/$6,),&$'25 6&,$1 &/$6( (/$%25$&,1 '( '(5,9$'26 < )(50(1726 /&7(26 7RWDO GH SURGXFWRV 45 ᤢ ᤢ ᤢ ᤡ 2WURV HVSHFLILFDU /(&+( /¯TXLGD (Q SROYR 2WUD HVSHFLILFDU -8*26 1«FWDUHV D EDVH GH IUXWD &RQ VDERU D IUXWD 2WURV HVSHFLILFDU 27526 '(6(&+26 < 68%352'8&726 27526 352'8&726 12 *(15,&26 ᤡ '(120,1$&,1 '(/ 352'8&72 ᤡ &/$9( '(/ 352'8&72 &/$9( '( 81,'$' 81,'$' '( 0(','$ 7RQHODGD 0LO OLWURV 7RQHODGD 0LO OLWURV 0LO OLWURV 0LO OLWURV 1 ,167,7872 1$&,21$/ '( (67$'67,&$ < *(2*5$)$ ',5(&&,1 *(1(5$/ '( (67$'67,&$6 (&210,&$6 &$7/2*2 '( 352'8&726 &21 &/$6,),&$'25 6&,$1 &/$6( 0$7$1=$ '( *$1$'2 $9(6 < 27526 $1,0$/(6 &20(67,%/(6 7RWDO GH SURGXFWRV 26 ᤢ ᤢ ᤢ ᤢ ᤢ ᤡ ᤡ ᤡ &$51(6 52-$6 (1 &$1$/ '( %RYLQR 3RUFLQR (TXLQR PXODU \ DVQDO 2YLQR &DSULQR 2WUDV HVSHFLILFDU &$51(6 '( $9( (1 &$1$/ '( 3ROOR 3DYR 2WUDV HVSHFLILFDU &257( < '(6+8(6$'2 '( &$51(6 52-$6 '( %RYLQR 3RUFLQR (TXLQR PXODU \ DVQDO 2YLQR &DSULQR 2WUR HVSHFLILFDU &257( < '(6+8(6$'2 '( &$51(6 '( $9( '( 3ROOR 3DYR 2WUR HVSHFLILFDU 27526 352'8&726 '(5,9$'26 '( /$ 0$7$1=$ 0DQWHFD GH FHUGR &XHURV \ SLHOHV 9¯VFHUDV +DULQD GH VDQJUH FDUQH R KXHVRV 6HERV 2WURV HVSHFLILFDU 27526 '(6(&+26 < 68%352'8&726 27526 352'8&726 12 *(15,&26 ᤡ '(120,1$&,1 '(/ 352'8&72 ᤡ &/$9( '(/ 352'8&72 &/$9( '( 81,'$' 81,'$' '( 0(','$ 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD ,167,7872 1$&,21$/ '( (67$'67,&$ < *(2*5$)$ ',5(&&,1 *(1(5$/ '( (67$'67,&$6 (&210,&$6 &$7/2*2 '( 352'8&726 &21 &/$6,),&$'25 6&,$1 1 &/$6( &257( < (03$&$'2 '( &$51( '( *$1$'2 $9(6 < 27526 $1,0$/(6 &20(67,%/(6 7RWDO GH SURGXFWRV 32 ᤢ ᤢ ᤢ ᤢ ᤢ ᤢ ᤡ ᤡ ᤡ ᤡ &257(6 '( &$51(6 52-$6 6,1 '(6+8(6$5 '( %RYLQR (TXLQR PXODU \ DVQDO 3RUFLQR 2YLQR &DSULQR 2WURV HVSHFLILFDU &257(6 '( &$51(6 52-$6 '(6+8(6$'$6 '( %RYLQR (TXLQR PXODU \ DVQDO 3RUFLQR 2YLQR &DSULQR 2WURV HVSHFLILFDU &257(6 6,1 '(6+8(6$5 '( &$51(6 '( $9( '( 3ROOR 3DYR 2WURV HVSHFLILFDU &257(6 '(6+8(6$'26 '( &$51(6 '( $9( '( 3ROOR 3DYR 2WURV HVSHFLILFDU 27526 352'8&726 '(5,9$'26 '( /$ $&7,9,'$' &XHURV \ SLHOHV 9¯VFHUDV 0DQWHFD GH FHUGR +DULQDV 6HERV 2WURV HVSHFLILFDU &$51(6 35(3$5$'$6 3DUD KDPEXUJXHVD 0DULQDGDV $GREDGDV 6DODGDV (PEXWLGRV 2WUDV HVSHFLILFDU 27526 '(6(&+26 < 68%352'8&726 27526 352'8&726 12 *(15,&26 ᤡ '(120,1$&,1 '(/ 352'8&72 ᤡ &/$9( '(/ 352'8&72 &/$9( '( 81,'$' 81,'$' '( 0(','$ 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 1 ,167,7872 1$&,21$/ '( (67$'67,&$ < *(2*5$)$ ',5(&&,1 *(1(5$/ '( (67$'67,&$6 (&210,&$6 &$7/2*2 '( 352'8&726 &21 &/$6,),&$'25 6&,$1 &/$6( 35(3$5$&,1 '( (0%87,'26 < 275$6 &216(59$6 '( &$51( '( *$1$'2 $9(6 < 27526 $1,0$/(6 &20(67,%/(6 ᤢ ᤢ ᤢ ᤢ ᤢ ᤢ ᤡ ᤡ ᤡ ᤡ (0%87,'26 < &216(59$6 '( &$51(6 '( $9( -DPµQ 6DOFKLFKD (PEXWLGRV 3LHUQD 3HFKXJD 2WURV HVSHFLILFDU -$021(6 '( &$51(6 52-$6 $KXPDGR $PHULFDQR +RUQHDGR &RFLGR 6HUUDQR 9LUJLQLD <RUN 2WURV HVSHFLILFDU 275$6 &$51(6 )5$6 < (0%87,'26 3DVWHOHV GH FDUQH 4XHVR GH SXHUFR 7RFLQR 6DOFKLFKD &KRUL]R \ ORQJDQL]D 0RUWDGHOD 6DODPL 6DOFKLFKµQ 3DW«V GLYHUVRV 2WUDV HVSHFLILFDU &$51(6 35(3$5$'$6 (1 275$6 )250$6 $GREDGDV &KXOHWDV DKXPDGDV /RPR DKXPDGR 3LHUQD DKXPDGD 3DYR DKXPDGR 2WUDV HVSHFLILFDU &$51(6 (1/$7$'$6 (QGLDEODGDV 6DOFKLFKDV 2WUDV HVSHFLILFDU 27526 352'8&726 '(5,9$'26 '( /$ $&7,9,'$' &XHURV \ SLHOHV 0DQWHFD GH FHUGR 2WURV HVSHFLILFDU 27526 '(6(&+26 < 68%352'8&726 ᤡ '(120,1$&,1 '(/ 352'8&72 ᤡ &/$9( '(/ 352'8&72 &/$9( '( 81,'$' 81,'$' '( 0(','$ 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 1 ,167,7872 1$&,21$/ '( (67$'67,&$ < *(2*5$)$ ',5(&&,1 *(1(5$/ '( (67$'67,&$6 (&210,&$6 &$7/2*2 '( 352'8&726 &21 &/$6,),&$'25 6&,$1 &/$6( 35(3$5$&,1 '( (0%87,'26 < 275$6 &216(59$6 '( &$51( '( *$1$'2 $9(6 < 27526 $1,0$/(6 &20(67,%/(6 &/$9( '(/ 352'8&72 '(120,1$&,1 '(/ 352'8&72 27526 352'8&726 12 *(15,&26 7RWDO GH SURGXFWRV 38 &/$9( '( 81,'$' 81,'$' '( 0(','$ 1 ,167,7872 1$&,21$/ '( (67$'67,&$ < *(2*5$)$ ',5(&&,1 *(1(5$/ '( (67$'67,&$6 (&210,&$6 &$7/2*2 '( 352'8&726 &21 &/$6,),&$'25 6&,$1 &/$6( 35(3$5$&,1 < (19$6$'2 '( 3(6&$'26 < 0$5,6&26 7RWDO GH SURGXFWRV 29 ᤢ ᤢ ᤢ ᤢ ᤢ ᤢ ᤡ ᤢ ᤡ ᤡ ᤡ ᤡ 3(6&$'26 02/86&26 < &5867&(26 (19$6$'26 $W¼Q 6DUGLQD $EXOµQ &DPDUµQ /DQJRVWD -DLED 2WURV HVSHFLILFDU 3(6&$'26 < 0$5,6&26 $+80$'26 $EXOµQ 2WURV HVSHFLILFDU 27526 352'8&726 < 68%352'8&726 +DULQD GH SHVFDGR $FHLWH GH SHVFDGR 2WURV HVSHFLILFDU &$0$51 &21*(/$'2 (QWHUR 6LQ FDEH]D (Q RWUDV IRUPDV HVSHFLILFDU 27526 &5867&(26 02/86&26 < 0$5,6&26 &21*(/$'26 /DQJRVWD 3XOSR &DUDFRO $OPHMD &DODPDU 2WURV HVSHFLILFDU 3(6&$'26 &21*(/$'26 )LOHWHDGRV \R UHEDQDGRV (QWHURV (PSDQL]DGRV (Q RWUDV IRUPDV HVSHFLILFDU 352'8&726 6(&26 <2 6$/$'26 $OHWD GH WLEXUµQ 2WURV HVSHFLILFDU 27526 '(6(&+26 < 68%352'8&726 27526 352'8&726 12 *(15,&26 ᤡ '(120,1$&,1 '(/ 352'8&72 ᤡ &/$9( '(/ 352'8&72 &/$9( '( 81,'$' 81,'$' '( 0(','$ 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 1 ,167,7872 1$&,21$/ '( (67$'67,&$ < *(2*5$)$ ',5(&&,1 *(1(5$/ '( (67$'67,&$6 (&210,&$6 &$7/2*2 '( 352'8&726 &21 &/$6,),&$'25 6&,$1 &/$6( 3$1,),&$&,1 ,1'8675,$/ 7RWDO GH SURGXFWRV 22 ᤢ ᤢ ᤢ ᤢ ᤢ ᤡ ᤡ ᤡ 3$1 %/$1&2 '( 75,*2 '( &DMD VLQ WRVWDU &DMD WRVWDGR 3DUD KDPEXUJXHVDV 3DUD VDOFKLFKDV 2WUR WLSR HVSHFLILFDU 3$1 ,17(*5$/ '( 75,*2 '( &DMD VLQ WRVWDU &DMD WRVWDGR 2WUR HVSHFLILFDU *$//(7$6 'H VDO 'XOFHV 2WUDV HVSHFLILFDU 3$1 'XOFH 3$67(/(6 < 3$67(/,//26 3DQTX«V 3DVWHOHV 3D\V SLHV 3DVWHOLOORV UHFXELHUWRV 2WURV HVSHFLILFDU 27526 352'8&726 3DQ PROLGR 7RUWLOODV GH KDULQD GH WULJR 7257,//$6 '( +DULQD GH PD¯] 27526 '(6(&+26 < 68%352'8&726 27526 352'8&726 12 *(15,&26 ᤡ '(120,1$&,1 '(/ 352'8&72 ᤡ &/$9( '(/ 352'8&72 &/$9( '( 81,'$' 81,'$' '( 0(','$ 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 1 ,167,7872 1$&,21$/ '( (67$'67,&$ < *(2*5$)$ ',5(&&,1 *(1(5$/ '( (67$'67,&$6 (&210,&$6 &$7/2*2 '( 352'8&726 &21 &/$6,),&$'25 6&,$1 &/$6( 3$1,),&$&,1 75$',&,21$/ 7RWDO GH SURGXFWRV 27 ᤢ ᤢ ᤢ ᤢ ᤢ ᤢ ᤢ ᤡ ᤡ ᤡ ᤡ ᤡ 3$1 %/$1&2 '( 75,*2 %ROLOOR WHOHUD \ VLPLODUHV 'H FDMD (Q EDUUD 2WUR HVSHFLILFDU 3$1 ,17(*5$/ '( 75,*2 'H FDMD (Q EDUUD 2WUR HVSHFLILFDU 27526 3$1(6 '( 6$/ 'H FHQWHQR 'H VDOYDGR 2WURV HVSHFLILFDU 3$1 '8/&( $ JUDQHO (PSDTXHWDGR 2WUR HVSHFLILFDU 3$67(/(6 3DQTX«V &RPXQHV )LQRV 3D\V SLHV 3DVWHOLOORV 2WURV HVSHFLILFDU 352'8&726 '( 5(3267(5$ %RFDGLOORV (PSDQDGDV 3DVWDV VHFDV *DOOHWDV *HODWLQDV 2WURV HVSHFLILFDU 27526 '(6(&+26 < 68%352'8&726 27526 352'8&726 12 *(15,&26 ᤡ '(120,1$&,1 '(/ 352'8&72 ᤡ &/$9( '(/ 352'8&72 &/$9( '( 81,'$' 81,'$' '( 0(','$ 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV .LORJUDPR .LORJUDPR 0LO SLH]DV 0LO SLH]DV .LORJUDPR .LORJUDPR 7RQHODGD 7RQHODGD 0LO SLH]DV 1 ,167,7872 1$&,21$/ '( (67$'67,&$ < *(2*5$)$ ',5(&&,1 *(1(5$/ '( (67$'67,&$6 (&210,&$6 &$7/2*2 '( 352'8&726 &21 &/$6,),&$'25 6&,$1 &/$6( (/$%25$&,1 '( *$//(7$6 < 3$67$6 3$5$ 623$ 7RWDO GH SURGXFWRV 20 ᤢ ᤢ ᤢ ᤢ ᤢ ᤡ ᤡ ᤡ *$//(7$6 '8/&(6 &RQ PDOYDYLVFR &RQ UHOOHQR &XELHUWDV 6LQ UHOOHQR 'H VRGD 6XUWLGR 2WUDV HVSHFLILFDU *$//(7$6 6$/$'$6 *DOOHWDV VDODGDV 2WUDV HVSHFLILFDU *$//(7$6 ,17(*5$/(6 *DOOHWDV LQWHJUDOHV 2WUDV HVSHFLILFDU 3$67$6 3$5$ 623$6 &RPXQHV ,QVWDQW£QHDV 5HOOHQDV 2WUDV HVSHFLILFDU +$5,1$6 35(0(=&/$'$6 3DUD SDVWHOHV SDQTX«V \ VLPLODUHV 3DUD KRW FDNHV 2WUDV HVSHFLILFDU 27526 '(6(&+26 < 68%352'8&726 27526 352'8&726 12 *(15,&26 ᤡ '(120,1$&,1 '(/ 352'8&72 ᤡ &/$9( '(/ 352'8&72 &/$9( '( 81,'$' 81,'$' '( 0(','$ 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 1 ,167,7872 1$&,21$/ '( (67$'67,&$ < *(2*5$)$ ',5(&&,1 *(1(5$/ '( (67$'67,&$6 (&210,&$6 &$7/2*2 '( 352'8&726 &21 &/$6,),&$'25 6&,$1 &/$6( (/$%25$&,1 '( 7257,//$6 '( 0$= < 02/,(1'$ '( 1,;7$0$/ 7RWDO GH SURGXFWRV 10 ᤢ ᤢ ᤢ ᤡ 02/,(1'$ '( 1,;7$0$/ 0DVD 2WUD HVSHFLILFDU 7257,//$6 '( 0D¯] 7ULJR 2WUDV HVSHFLILFDU 7267$'$6 < 7272326 7RVWDGDV 7RWRSRV 2WURV HVSHFLILFDU 27526 '(6(&+26 < 68%352'8&726 27526 352'8&726 12 *(15,&26 ᤡ '(120,1$&,1 '(/ 352'8&72 ᤡ &/$9( '(/ 352'8&72 &/$9( '( 81,'$' 81,'$' '( 0(','$ 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 1 ,167,7872 1$&,21$/ '( (67$'67,&$ < *(2*5$)$ ',5(&&,1 *(1(5$/ '( (67$'67,&$6 (&210,&$6 &$7/2*2 '( 352'8&726 &21 &/$6,),&$'25 6&,$1 &/$6( (/$%25$&,1 '( %27$1$6 7RWDO GH SURGXFWRV 25 ᤢ ᤢ ᤢ ᤢ ᤡ ᤡ %27$1$6 < )5,785$6 '( 0$= &KXUULWRV 7RVWDGDV 7RWRSRV ,QIODGDV 3DORPLWDV ([WUXLGRV 2WUDV IULWXUDV HVSHFLILFDU &$&$+8$7(6 )ULWRV (QFKLODGRV )ULWRV \ VDODGRV (VWLOR MDSRQ«V 2WURV HVSHFLILFDU %27$1$6 )5,7$6 7267$'$6 6$=21$'$6 <2 (1&+,/$'$6 &KLFKDUUµQ GH FHUGR &KLFKDUUµQ GH KDULQD GH WULJR *DUEDQ]RV +DEDV 1XHFHV \ DOPHQGUDV IULWDV 3DSDV IULWDV 6HPLOODV GH FDODED]D 2WUDV HVSHFLILFDU 3$67$6 3$5$ )5,785$6 '( 25,*(1 9HJHWDO $QLPDO 2WUDV HVSHFLILFDU 27526 '(6(&+26 < 68%352'8&726 27526 352'8&726 12 *(15,&26 ᤡ '(120,1$&,1 '(/ 352'8&72 ᤡ &/$9( '(/ 352'8&72 &/$9( '( 81,'$' 81,'$' '( 0(','$ 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 1 ,167,7872 1$&,21$/ '( (67$'67,&$ < *(2*5$)$ ',5(&&,1 *(1(5$/ '( (67$'67,&$6 (&210,&$6 &$7/2*2 '( 352'8&726 &21 &/$6,),&$'25 6&,$1 &/$6( %(1(),&,2 '(/ &$) 7RWDO GH SURGXFWRV 14 ᤢ ᤢ ᤢ ᤡ &$) 3(5*$0,12 /DYDGR 6HFR 0RUWHDGR 2WUR HVSHFLILFDU &$) 252 1$785$/ 7,32 1DFLRQDO 'HVPDQFKH ([SRUWDFLµQ 2WUR HVSHFLILFDU &$) 252 /$9$'2 7,32 ([SRUWDFLµQ 'HVPDQFKH 1DFLRQDO 2WUR HVSHFLILFDU 27526 '(6(&+26 < 68%352'8&726 27526 352'8&726 12 *(15,&26 ᤡ '(120,1$&,1 '(/ 352'8&72 ᤡ &/$9( '(/ 352'8&72 &/$9( '( 81,'$' 81,'$' '( 0(','$ 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 1 ,167,7872 1$&,21$/ '( (67$'67,&$ < *(2*5$)$ ',5(&&,1 *(1(5$/ '( (67$'67,&$6 (&210,&$6 &$7/2*2 '( 352'8&726 &21 &/$6,),&$'25 6&,$1 &/$6( (/$%25$&,1 '( &$) 7267$'2 < 02/,'2 7RWDO GH SURGXFWRV 11 ᤢ ᤢ &$) 7267$'2 &RQ D]¼FDU 6LQ D]¼FDU &$) 7267$'2 < 02/,'2 &RQ D]¼FDU 6LQ D]¼FDU 2WUR HVSHFLILFDU &$) '(6&$)(,1$'2 %HQHILFLDGR 7RVWDGR 7RVWDGR \ PROLGR 2WUR HVSHFLILFDU 27526 '(6(&+26 < 68%352'8&726 27526 352'8&726 12 *(15,&26 ᤡ '(120,1$&,1 '(/ 352'8&72 ᤡ &/$9( '(/ 352'8&72 &/$9( '( 81,'$' 81,'$' '( 0(','$ 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 1 ,167,7872 1$&,21$/ '( (67$'67,&$ < *(2*5$)$ ',5(&&,1 *(1(5$/ '( (67$'67,&$6 (&210,&$6 &$7/2*2 '( 352'8&726 &21 &/$6,),&$'25 6&,$1 &/$6( (/$%25$&,1 '( &$) ,167$171(2 &$) 62/8%/( &RQ FDIH¯QD 6LQ FDIH¯QD 27526 352'8&726 3ROYRV SDUD SUHSDUDU EHELGDV 6XVWLWXWRV GH FUHPD SDUD FDI« 3ROYRV SDUD SUHSDUDU FDI« 2WURV HVSHFLILFDU 27526 '(6(&+26 < 68%352'8&726 27526 352'8&726 12 *(15,&26 7RWDO GH SURGXFWRV 8 ᤢ '(120,1$&,1 '(/ 352'8&72 ᤡ &/$9( '(/ 352'8&72 &/$9( '( 81,'$' 81,'$' '( 0(','$ 7RQHODGD 7RQHODGD 7RQHODGD .LORJUDPR 7RQHODGD 1 ,167,7872 1$&,21$/ '( (67$'67,&$ < *(2*5$)$ ',5(&&,1 *(1(5$/ '( (67$'67,&$6 (&210,&$6 &$7/2*2 '( 352'8&726 &21 &/$6,),&$'25 6&,$1 &/$6( (/$%25$&,1 '( &21&(175$'26 32/926 -$5$%(6 < (6(1&,$6 '( 6$%25 3$5$ %(%,'$6 7RWDO GH SURGXFWRV 25 ᤢ ᤢ ᤢ ᤢ ᤢ ᤡ ᤡ ᤡ &21&(175$'26 3$5$ /$ (/$%25$&,1 '( 5()5(6&26 '( &ROD )UXWDV 2WURV HVSHFLILFDU -$5$%(6 35(3$5$'26 3$5$ 275$6 %(%,'$6 $JXDV IUHVFDV 2WURV HVSHFLILFDU -8*26 &21&(175$'26 '( )587$6 '( 0DQ]DQD 1DUDQMD 7RURQMD 8YD /LPµQ 3L³D 0DQJR 7DQJHULQD 2WURV HVSHFLILFDU 27526 352'8&726 3$5$ 35(3$5$5 $/,0(1726 &RORUDQWHV QDWXUDOHV &RORUDQWHV DUWLILFLDOHV ([WUDFWRV HQ SROYR $FHLWHV HVHQFLDOHV 6DERUL]DQWHV QDWXUDOHV 6DERUL]DQWHV DUWLILFLDOHV 2WURV HVSHFLILFDU 32/926 3$5$ 35(3$5$5 %(%,'$6 'H VDERUHV IUXWDOHV 2WURV HVSHFLILFDU 27526 '(6(&+26 < 68%352'8&726 27526 352'8&726 12 *(15,&26 ᤡ '(120,1$&,1 '(/ 352'8&72 ᤡ &/$9( '(/ 352'8&72 &/$9( '( 81,'$' 81,'$' '( 0(','$ 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 0LO OLWURV 0LO OLWURV 0LO OLWURV 0LO OLWURV 0LO OLWURV 0LO OLWURV 0LO OLWURV 0LO OLWURV 0LO OLWURV 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 1 ,167,7872 1$&,21$/ '( (67$'67,&$ < *(2*5$)$ ',5(&&,1 *(1(5$/ '( (67$'67,&$6 (&210,&$6 &$7/2*2 '( 352'8&726 &21 &/$6,),&$'25 6&,$1 &/$6( (/$%25$&,1 '( &21',0(1726 < $'(5(=26 ᤢ ᤢ ᤢ ᤢ ᤢ ᤢ ᤡ ᤡ ᤡ ᤡ 0$<21(6$6 %DMD HQ FDORU¯DV &RQ MXJR GH OLPµQ &RQ RWURV DGHUH]RV 6LQ DGHUH]RV 2WUDV HVSHFLILFDU 27526 $'(5(=26 35(3$5$'26 3DUD HQVDODGDV 0RVWD]D HQ SDVWD R K¼PHGD 0RVWD]D HQ SROYR 2WURV HVSHFLILFDU 27526 $'(5(=26 < &21',0(1726 $EODQGDGRUHV GH FDUQH 6DOVD GH VR\D 6D]RQDGRUHV SUHSDUDGRV (PSDQL]DGRUHV /LJDGRUHV 6DERUL]DQWHV 2WURV HVSHFLILFDU 9,1$*5( '( &D³D 0DQ]DQD 2WUR HVSHFLILFDU 6$/ (Q EORTXH (Q JUDQR 'H PHVD &RQ HVSHFLDV 2WUD HVSHFLILFDU (63(&,$6 < 27526 &21',0(1726 6(&26 <2 (1 32/92 &KLOHV HQ SROYR 2U«JDQR 3LPLHQWD QHJUD &LODQWUR HQ SROYR $MR &DQHOD &RPLQR &ODYR 2WUDV HVSHFLILFDU 27526 352'8&726 0HUPHODGDV 9DLQLOOD 6DOVDV SLFDQWHV ᤡ '(120,1$&,1 '(/ 352'8&72 ᤡ &/$9( '(/ 352'8&72 &/$9( '( 81,'$' 81,'$' '( 0(','$ 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 0LO OLWURV 0LO OLWURV 0LO OLWURV 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD .LORJUDPR .LORJUDPR .LORJUDPR .LORJUDPR .LORJUDPR .LORJUDPR .LORJUDPR .LORJUDPR 7RQHODGD .LORJUDPR 7RQHODGD ,167,7872 1$&,21$/ '( (67$'67,&$ < *(2*5$)$ ',5(&&,1 *(1(5$/ '( (67$'67,&$6 (&210,&$6 &$7/2*2 '( 352'8&726 &21 &/$6,),&$'25 6&,$1 1 &/$6( (/$%25$&,1 '( &21',0(1726 < $'(5(=26 6DOVDV QR SLFDQWHV 2WURV HVSHFLILFDU 27526 '(6(&+26 < 68%352'8&726 27526 352'8&726 12 *(15,&26 7RWDO GH SURGXFWRV 40 ᤢ '(120,1$&,1 '(/ 352'8&72 ᤡ &/$9( '(/ 352'8&72 &/$9( '( 81,'$' 81,'$' '( 0(','$ 7RQHODGD ,167,7872 1$&,21$/ '( (67$'67,&$ < *(2*5$)$ ',5(&&,1 *(1(5$/ '( (67$'67,&$6 (&210,&$6 &$7/2*2 '( 352'8&726 &21 &/$6,),&$'25 6&,$1 1 &/$6( (/$%25$&,1 '( *(/$7,1$6 < 27526 32675(6 (1 32/92 7RWDO GH SURGXFWRV 10 ᤢ ᤢ *(/$7,1$6 (1 32/92 62/8%/(6 (1 $JXD /HFKH 27526 32675(6 (1 32/92 )ODQHV %XGLQHV 2WURV HVSHFLILFDU *5(1(7,1$6 &20(67,%/(6 '( 25,*(1 $QLPDO 9HJHWDO 2WUDV HVSHFLILFDU 27526 '(6(&+26 < 68%352'8&726 27526 352'8&726 12 *(15,&26 ᤡ '(120,1$&,1 '(/ 352'8&72 ᤡ &/$9( '(/ 352'8&72 &/$9( '( 81,'$' 81,'$' '( 0(','$ 7RQHODGD 7RQHODGD 7RQHODGD .LORJUDPR 7RQHODGD 7RQHODGD ,167,7872 1$&,21$/ '( (67$'67,&$ < *(2*5$)$ ',5(&&,1 *(1(5$/ '( (67$'67,&$6 (&210,&$6 &$7/2*2 '( 352'8&726 &21 &/$6,),&$'25 6&,$1 1 &/$6( (/$%25$&,1 '( /(9$'85$ &/$9( '(/ 352'8&72 '(120,1$&,1 '(/ 352'8&72 /(9$'85$6 6HFDV +¼PHGDV 32/926 3$5$ +RUQHDU 27526 '(6(&+26 < 68%352'8&726 27526 352'8&726 12 *(15,&26 7RWDO GH SURGXFWRV 5 &/$9( '( 81,'$' 81,'$' '( 0(','$ 7RQHODGD 7RQHODGD 7RQHODGD ,167,7872 1$&,21$/ '( (67$'67,&$ < *(2*5$)$ ',5(&&,1 *(1(5$/ '( (67$'67,&$6 (&210,&$6 &$7/2*2 '( 352'8&726 &21 &/$6,),&$'25 6&,$1 1 &/$6( (/$%25$&,1 '( 27526 $/,0(1726 7RWDO GH SURGXFWRV 34 ᤢ ᤢ ᤢ ᤢ ᤡ ᤡ +8(92 352&(6$'2 (Q SROYR /¯TXLGR &RQJHODGR (Q RWUDV IRUPDV HVSHFLILFDU 0$7(5,$6 35,0$6 3$5$ 5(3267(5$ 3ROYRV SDUD KRUQHDU $]¼FDU JODVV &REHUWXUD GH FKRFRODWH 0HUPHODGD &UHPD GXOFH WLSR FKDQWLOO\ &RORUDQWHV +DULQDV SUHSDUDGDV -DUDEHV GH VDERUHV 0HMRUDQWHV (VHQFLDV /LJDGRUHV *UDQXODGRV &RQVHUYDGRUHV 2WUDV HVSHFLILFDU &203/(0(1726 1875,&,21$/(6 352&(6$'26 *HUPHQ GH WULJR 6R\D 7ULJR LQWHJUDO 6DOYDGR &HEDGD *UDQROD /LQD]D $PDUDQWR 2WURV HVSHFLILFDU 0,(/ < 686 '(5,9$'26 0LHO &HUD -DOHD UHDO 3URSµOHR 2WUD HVSHFLILFDU 27526 '(6(&+26 < 68%352'8&726 27526 352'8&726 12 *(15,&26 ᤡ '(120,1$&,1 '(/ 352'8&72 ᤡ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ᤢ ᤢ ᤢ ᤢ ᤢ ᤡ ᤡ ᤡ 5()5(6&26 '( &2/$ 5HWRUQDEOHV 1R UHWRUQDEOHV 'H ODWD 2WURV HVSHFLILFDU 5()5(6&26 '( 6$%25(6 5HWRUQDEOHV 1R UHWRUQDEOHV 'H ODWD 2WURV HVSHFLILFDU $*8$6 0,1(5$/(6 *DVLILFDGDV 4XLQDGDV 2WUDV HVSHFLILFDU $*8$ (19$6$'$ 6,1 *$6,),&$5 3XULILFDGD 'H VDERU 2WUD HVSHFLILFDU %(%,'$6 12 0(1&,21$'$6 $17(5,250(17( (QHUJ«WLFDV \R GHSRUWLYDV -XJRV 1DUDQMDGDV 2WUDV HVSHFLILFDU 27526 '(6(&+26 < 68%352'8&726 27526 352'8&726 12 *(15,&26 ᤡ '(120,1$&,1 '(/ 352'8&72 ᤡ &/$9( '(/ 352'8&72 &/$9( '( 81,'$' 81,'$' '( 0(','$ 0LO OLWURV 0LO OLWURV 0LO OLWURV 0LO OLWURV 0LO OLWURV 0LO OLWURV 0LO OLWURV 0LO OLWURV 0LO OLWURV 0LO OLWURV 0LO OLWURV 0LO OLWURV 0LO OLWURV 0LO OLWURV 0LO OLWURV 0LO OLWURV 0LO OLWURV 0LO OLWURV ,167,7872 1$&,21$/ '( (67$'67,&$ < *(2*5$)$ ',5(&&,1 *(1(5$/ '( (67$'67,&$6 (&210,&$6 &$7/2*2 '( 352'8&726 &21 &/$6,),&$'25 6&,$1 1 &/$6( 385,),&$&,1 < (0%27(//$'2 '( $*8$ 7RWDO GH SURGXFWRV 10 ᤢ ᤢ ᤡ ᤢ $*8$ (19$6$'$ 6,1 *$6,),&$5 3XULILFDGD 0LQHUDO 'H VDERU 2WUD HVSHFLILFDU +,(/2 (1 %DUUD R EORTXH &XERV R FLOLQGURV 7ULWXUDGR IUDS« 2WUR HVSHFLILFDU 27526 '(6(&+26 < 68%352'8&726 27526 352'8&726 12 *(15,&26 ᤡ '(120,1$&,1 '(/ 352'8&72 ᤡ &/$9( '(/ 352'8&72 &/$9( '( 81,'$' 81,'$' '( 0(','$ 0LO OLWURV 0LO OLWURV 0LO OLWURV 0LO OLWURV 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD ,167,7872 1$&,21$/ '( (67$'67,&$ < *(2*5$)$ ',5(&&,1 *(1(5$/ '( (67$'67,&$6 (&210,&$6 &$7/2*2 '( 352'8&726 &21 &/$6,),&$'25 6&,$1 1 &/$6( (/$%25$&,1 '( &(59(=$ &(59(=$ (1 %RWHOOD UHWRUQDEOH %RWHOOD QR UHWRUQDEOH /DWD %DUULO 2WUD HVSHFLILFDU 27526 '(6(&+26 < 68%352'8&726 27526 352'8&726 12 *(15,&26 7RWDO GH SURGXFWRV 7 ᤢ '(120,1$&,1 '(/ 352'8&72 ᤡ &/$9( '(/ 352'8&72 &/$9( '( 81,'$' 81,'$' '( 0(','$ 0LO OLWURV 0LO OLWURV 0LO OLWURV 0LO OLWURV 0LO OLWURV ,167,7872 1$&,21$/ '( (67$'67,&$ < *(2*5$)$ ',5(&&,1 *(1(5$/ '( (67$'67,&$6 (&210,&$6 &$7/2*2 '( 352'8&726 &21 &/$6,),&$'25 6&,$1 1 &/$6( (/$%25$&,1 '( %(%,'$6 $/&2+/,&$6 $ %$6( '( 89$ 7RWDO GH SURGXFWRV 25 ᤢ ᤢ ᤢ ᤢ ᤢ ᤢ ᤢ ᤡ ᤡ ᤡ ᤡ ᤡ %(%,'$6 '(67,/$'$6 $ %$6( '( 89$ $JXDUGLHQWHV %UDQG\V 2WUDV HVSHFLILFDU 9,126 '( 0(6$ 7LQWR %ODQFR 5RVDGR 2WURV HVSHFLILFDU 9,126 %/$1&26 (6380$17(6 7LSR FKDPSD³D 2WURV HVSHFLILFDU 27526 9,126 < /,&25(6 *HQHURVR \R OLFRURVR /LFRUHV 2WURV HVSHFLILFDU %(%,'$6 35(3$5$'$6 $ %$6( '( 9,12 'H VDERUHV IUXWDOHV 2WUDV HVSHFLILFDU %(%,'$6 $/&2+/,&$6 35(3$5$'$6 $ %$6( '( $JXDUGLHQWH %UDQG\ 2WUDV HVSHFLILFDU 275$6 %(%,'$6 $/&2+/,&$6 5RQ 7HTXLOD 9RGND *LQHEUD 0H]FDO 2WUDV HVSHFLILFDU 27526 '(6(&+26 < 68%352'8&726 27526 352'8&726 12 *(15,&26 ᤡ '(120,1$&,1 '(/ 352'8&72 ᤡ &/$9( '(/ 352'8&72 &/$9( '( 81,'$' 81,'$' '( 0(','$ 0LO OLWURV 0LO OLWURV 0LO OLWURV 0LO OLWURV 0LO OLWURV 0LO OLWURV 0LO OLWURV 0LO OLWURV 0LO OLWURV 0LO OLWURV 0LO OLWURV 0LO OLWURV 0LO OLWURV 0LO OLWURV 0LO OLWURV 0LO OLWURV 0LO OLWURV 0LO OLWURV 0LO OLWURV 0LO OLWURV 0LO OLWURV 0LO OLWURV 0LO OLWURV ,167,7872 1$&,21$/ '( (67$'67,&$ < *(2*5$)$ ',5(&&,1 *(1(5$/ '( (67$'67,&$6 (&210,&$6 &$7/2*2 '( 352'8&726 &21 &/$6,),&$'25 6&,$1 1 &/$6( (/$%25$&,1 '( 521 < 275$6 %(%,'$6 '(67,/$'$6 '( &$$ 7RWDO GH SURGXFWRV 18 ᤢ ᤢ ᤢ ᤡ $*8$5',(17( 'H FD³D 521 %ODQFR 2UR \ £PEDU $³HMR 6ROHUD 'H RWUR WLSR HVSHFLILFDU %(%,'$6 35(3$5$'$6 $ %$6( '( 521 &RFWHOHV &RQ UHIUHVFR GH FROD 2WUDV HVSHFLILFDU 275$6 %(%,'$6 $/&2+/,&$6 %UDQG\ 7HTXLOD 9RGND /LFRUHV 0H]FDO *LQHEUD 2WUDV HVSHFLILFDU 27526 '(6(&+26 < 68%352'8&726 27526 352'8&726 12 *(15,&26 ᤡ '(120,1$&,1 '(/ 352'8&72 ᤡ &/$9( '(/ 352'8&72 &/$9( '( 81,'$' 81,'$' '( 0(','$ 0LO OLWURV 0LO OLWURV 0LO OLWURV 0LO OLWURV 0LO OLWURV 0LO OLWURV 0LO OLWURV 0LO OLWURV 0LO OLWURV 0LO OLWURV 0LO OLWURV 0LO OLWURV 0LO OLWURV 0LO OLWURV 0LO OLWURV 0LO OLWURV ,167,7872 1$&,21$/ '( (67$'67,&$ < *(2*5$)$ ',5(&&,1 *(1(5$/ '( (67$'67,&$6 (&210,&$6 &$7/2*2 '( 352'8&726 &21 &/$6,),&$'25 6&,$1 1 &/$6( (/$%25$&,1 '( %(%,'$6 '(67,/$'$6 '( $*$9( 7RWDO GH SURGXFWRV 21 ᤢ ᤢ ᤢ ᤢ ᤡ ᤡ $*8$5',(17( 'H DJDYH 7(48,/$ $³HMR %ODQFR -RYHQ 5HSRVDGR 2WUR HVSHFLILFDU 0(=&$/ $³HMR 5HSRVDGR -RYHQ 2WURV HVSHFLILFDU %(%,'$6 35(3$5$'$6 $ %$6( '( 7(48,/$ &RQ UHIUHVFR GH FROD &RQ UHIUHVFR GH WRURQMD &RFWHOHV 2WUDV HVSHFLILFDU 6$1*5,7$ 3LFDQWH 1R SLFDQWH 275$6 %(%,'$6 $/&2+/,&$6 %UDQG\ 5RQ 2WUDV HVSHFLILFDU 27526 '(6(&+26 < 68%352'8&726 27526 352'8&726 12 *(15,&26 ᤡ '(120,1$&,1 '(/ 352'8&72 ᤡ &/$9( '(/ 352'8&72 &/$9( '( 81,'$' 81,'$' '( 0(','$ 0LO OLWURV 0LO OLWURV 0LO OLWURV 0LO OLWURV 0LO OLWURV 0LO OLWURV 0LO OLWURV 0LO OLWURV 0LO OLWURV 0LO OLWURV 0LO OLWURV 0LO OLWURV 0LO OLWURV 0LO OLWURV 0LO OLWURV 0LO OLWURV 0LO OLWURV 0LO OLWURV 0LO OLWURV ,167,7872 1$&,21$/ '( (67$'67,&$ < *(2*5$)$ ',5(&&,1 *(1(5$/ '( (67$'67,&$6 (&210,&$6 &$7/2*2 '( 352'8&726 &21 &/$6,),&$'25 6&,$1 1 &/$6( (/$%25$&,1 '( 275$6 %(%,'$6 '(67,/$'$6 7RWDO GH SURGXFWRV 12 ᤢ ᤢ %(%,'$6 '(67,/$'$6 *LQHEUD 9RGND :KLVN\ 2WUDV HVSHFLILFDU /,&25(6 < %$6( 3$5$ /,&25(6 ([WUDFWR KLGURDOFRKµOLFR SDUD OD YHQWD /LFRUHV GH FDI« /LFRUHV GH IUXWDV 5RPSRSH 2WURV HVSHFLILFDU &2&7(/(6 3UHSDUDGRV GLYHUVRV 27526 '(6(&+26 < 68%352'8&726 27526 352'8&726 12 *(15,&26 ᤡ '(120,1$&,1 '(/ 352'8&72 ᤡ &/$9( '(/ 352'8&72 &/$9( '( 81,'$' 81,'$' '( 0(','$ 0LO OLWURV 0LO OLWURV 0LO OLWURV 0LO OLWURV 0LO OLWURV 0LO OLWURV 0LO OLWURV 0LO OLWURV 0LO OLWURV 0LO OLWURV ,167,7872 1$&,21$/ '( (67$'67,&$ < *(2*5$)$ ',5(&&,1 *(1(5$/ '( (67$'67,&$6 (&210,&$6 &$7/2*2 '( 352'8&726 &21 &/$6,),&$'25 6&,$1 1 &/$6( %(1(),&,2 '(/ 7$%$&2 7$%$&2 %(1(),&,$'2 'HVYHQDGR 6HFR 2WUR HVSHFLILFDU 27526 '(6(&+26 < 68%352'8&726 27526 352'8&726 12 *(15,&26 7RWDO GH SURGXFWRV 5 ᤢ '(120,1$&,1 '(/ 352'8&72 ᤡ &/$9( '(/ 352'8&72 &/$9( '( 81,'$' 81,'$' '( 0(','$ 7RQHODGD 7RQHODGD 7RQHODGD ,167,7872 1$&,21$/ '( (67$'67,&$ < *(2*5$)$ ',5(&&,1 *(1(5$/ '( (67$'67,&$6 (&210,&$6 &$7/2*2 '( 352'8&726 &21 &/$6,),&$'25 6&,$1 1 &/$6( (/$%25$&,1 '( &,*$5526 &/$9( '(/ 352'8&72 '(120,1$&,1 '(/ 352'8&72 &,*$5526 &RQ ILOWUR 6LQ ILOWUR 27526 '(6(&+26 < 68%352'8&726 27526 352'8&726 12 *(15,&26 7RWDO GH SURGXFWRV 4 &/$9( '( 81,'$' 81,'$' '( 0(','$ 0LO 0LO ,167,7872 1$&,21$/ '( (67$'67,&$ < *(2*5$)$ ',5(&&,1 *(1(5$/ '( (67$'67,&$6 (&210,&$6 &$7/2*2 '( 352'8&726 &21 &/$6,),&$'25 6&,$1 1 &/$6( 35(3$5$&,1 ( +,/$'2 '( ),%5$6 %/$1'$6 1$785$/(6 7RWDO GH SURGXFWRV 21 ᤢ ᤢ 35(3$5$&,1 '( ),%5$6 %/$1'$6 9(*(7$/(6 /LQR 5DPLR $OJRGµQ 2WUDV HVSHFLILFDU 35(3$5$&,1 '( ),%5$6 %/$1'$6 '( 25,*(1 $1,0$/ /DQD 6HGD +,/$'26 '( ),%5$6 $57,),&,$/(6 <2 6,177,&$6 '( $FU¯OLFR 1\ORQ 3ROL«VWHU 5D\µQ 3ROLSURSLOHQR 2WURV HVSHFLILFDU +,/$'26 '( 0(=&/$ '( ),%5$6 %/$1'$6 35,1&,3$/0(17( '( $OJRGµQ )LEUDV DUWLILFLDOHV \R VLQW«WLFDV )LEUDV QDWXUDOHV (67$0%5(6 '( )LEUDV DUWLILFLDOHV \R VLQW«WLFDV )LEUDV EODQGDV 7(/$6 $FDEDGDV (Q FUXGR 27526 '(6(&+26 < 68%352'8&726 27526 352'8&726 12 *(15,&26 ᤡ '(120,1$&,1 '(/ 352'8&72 ᤡ &/$9( '(/ 352'8&72 &/$9( '( 81,'$' 81,'$' '( 0(','$ 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD ,167,7872 1$&,21$/ '( (67$'67,&$ < *(2*5$)$ ',5(&&,1 *(1(5$/ '( (67$'67,&$6 (&210,&$6 &$7/2*2 '( 352'8&726 &21 &/$6,),&$'25 6&,$1 1 &/$6( )$%5,&$&,1 '( +,/26 3$5$ &26(5 < %25'$5 7RWDO GH SURGXFWRV 23 ᤢ ᤢ ᤡ ᤡ ᤡ ᤢ ᤢ ᤢ ᤢ ᤡ +,/26 3$5$ &26(5 '( ),%5$6 1$785$/(6 '( $OJRGµQ 2WURV HVSHFLILFDU +,/26 3$5$ &26(5 '( ),%5$6 $57,),&,$/(6 <2 6,177,&$6 '( 1\ORQ 3ROL«VWHU 5D\µQ 2WURV HVSHFLILFDU +,/26 3$5$ &26(5 '( 0(=&/$ '( ),%5$6 %/$1'$6 35,1&,3$/0(17( '( )LEUDV QDWXUDOHV )LEUDV DUWLILFLDOHV \R VLQW«WLFDV +,/26 3$5$ %25'$5 < 7(-(5 '( $OJRGµQ $FU¯OLFR )LEUDV DUWLILFLDOHV \R VLQW«WLFDV 0H]FOD GH ILEUDV EODQGDV 2WURV HVSHFLILFDU +,/$=$6 3$5$ 7(-(5 '( ),%5$6 1$785$/(6 '( $OJRGµQ 2WUDV HVSHFLILFDU +,/$=$6 3$5$ 7(-(5 '( ),%5$6 $57,),&,$/(6 <2 6,177,&$6 '( 1\ORQ 3ROL«VWHU 2WUDV HVSHFLILFDU +,/$=$6 3$5$ 7(-(5 '( 0(=&/$ '( ),%5$6 %/$1'$6 35,1&,3$/0(17( '( )LEUDV QDWXUDOHV )LEUDV DUWLILFLDOHV \R VLQW«WLFDV 2WUDV HVSHFLILFDU 27526 '(6(&+26 < 68%352'8&726 27526 352'8&726 12 *(15,&26 ᤡ '(120,1$&,1 '(/ 352'8&72 ᤡ &/$9( '(/ 352'8&72 &/$9( '( 81,'$' 81,'$' '( 0(','$ 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD ,167,7872 1$&,21$/ '( (67$'67,&$ < *(2*5$)$ ',5(&&,1 *(1(5$/ '( (67$'67,&$6 (&210,&$6 &$7/2*2 '( 352'8&726 &21 &/$6,),&$'25 6&,$1 1 &/$6( )$%5,&$&,1 '( 7(/$6 $1&+$6 '( 75$0$ &/$9( '( 81,'$' ᤢ ᤢ ᤢ ᤢ ᤢ ᤡ ᤡ ᤡ +,/$'26 '( /DQD $OJRGµQ )LEUDV DUWLILFLDOHV \R VLQW«WLFDV 0H]FOD GH ILEUDV EODQGDV 2WURV HVSHFLILFDU 7(/$6 (1 &58'2 '( /DQD $OJRGµQ )LEUDV DUWLILFLDOHV \R VLQW«WLFDV 0H]FOD GH ILEUDV EODQGDV 2WUDV HVSHFLILFDU &$6,0,5(6 < 6,0,/$5(6 '( /DQD )LEUDV DUWLILFLDOHV \R VLQW«WLFDV 0H]FOD GH ILEUDV EODQGDV 2WURV HVSHFLILFDU 3$26 '( /DQD )LEUDV DUWLILFLDOHV \R VLQW«WLFDV 0H]FOD GH ILEUDV EODQGDV 7(/$6 $&$%$'$6 '( $/*2'1 'ULO *DEDUGLQD 0DQWD \ EUDPDQWH 0H]FOLOOD 3RSHOLQD \ VLPLODUHV )UDQHOD 2WUDV HVSHFLILFDU 7(/$6 $&$%$'$6 '( ),%5$6 $57,),&,$/(6 <2 6,177,&$6 '( $FU¯OLFR 1\ORQ 3ROL«VWHU 5D\µQ 0H]FOD GH ILEUDV DUWLILFLDOHV \R VLQW«WLFDV $FHWDWR (ODVWDQR 3HOXFKH 2WUDV HVSHFLILFDU 7(/$6 $&$%$'$6 '( 0(=&/$ '( ),%5$6 %/$1'$6 35,1&,3$/0(17( '( )LEUDV QDWXUDOHV )LEUDV DUWLILFLDOHV \R VLQW«WLFDV ᤡ '(120,1$&,1 '(/ 352'8&72 ᤡ &/$9( '(/ 352'8&72 81,'$' '( 0(','$ 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD ,167,7872 1$&,21$/ '( (67$'67,&$ < *(2*5$)$ ',5(&&,1 *(1(5$/ '( (67$'67,&$6 (&210,&$6 &$7/2*2 '( 352'8&726 &21 &/$6,),&$'25 6&,$1 1 &/$6( )$%5,&$&,1 '( 7(/$6 $1&+$6 '( 75$0$ ᤢ ᤢ ᤢ ᤡ 7,/0$6 0$17$6 < &2%(5725(6 '( /DQD )LEUDV DUWLILFLDOHV \R VLQW«WLFDV 0H]FOD GH ILEUDV EODQGDV $OJRGµQ (175(7(/$6 7(-,'$6 '( 0(=&/$ '( ),%5$6 %/$1'$6 35,1&,3$/0(17( '( )LEUDV QDWXUDOHV )LEUDV DUWLILFLDOHV \R VLQW«WLFDV ),(/7526 7(-,'26 '( ),%5$6 $57,),&,$/(6 <2 6,177,&$6 '( 3ROL«VWHU 2WUDV ILEUDV 7(/$6 3$5$ 7$3,&(5$ '( )LEUDV EODQGDV QDWXUDOHV )LEUDV DUWLILFLDOHV \R VLQW«WLFDV 0H]FOD GH ILEUDV EODQGDV 0$17(/(6 '( $OJRGµQ 3ROL«VWHU 0H]FOD GH ILEUDV EODQGDV 2WURV HVSHFLILFDU 6%$1$6 ,QGLYLGXDO 0DWULPRQLDO 4XHHQ VL]H .LQJ VL]H 2WUDV HVSHFLILFDU )81'$6 3$5$ $/02+$'$ '( $OJRGµQ 3ROL«VWHU 0H]FOD GH ILEUDV EODQGDV 0H]FOD GH ILEUDV DUWLILFLDOHV \R VLQW«WLFDV 72$//$6 '( %D³R FRPSOHWR 0HGLR ED³R 0DQRV 2WUDV HVSHFLILFDU &2/&+$6 &DSLWRQDGDV 1R FDSLWRQDGDV (GUHGRQHV &RRUGLQDGRV GH URSD GH FDPD )XQGD HGUHGµQ ᤡ '(120,1$&,1 '(/ 352'8&72 ᤡ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ᤢ ᤢ ᤢ ᤡ -XHJR GH FXQD 2WUDV HVSHFLILFDU &21)(&&,21(6 &$3,721$'$6 2 $)(/3$'$6 3URWHFWRU SDUD FROFKµQ &RELMDV $OPRKDGDV \ FRMLQHV &ROFKRQHWDV 5RGDSL«V %DWDV GH ED³R -XHJR GH ED³R 2WUDV HVSHFLILFDU &2%(5725(6 3DUD EHE« ,QIDQWLO ,QGLYLGXDO 0DWULPRQLDO 4XHHQ VL]H .LQJ VL]H 2WURV HVSHFLILFDU 27526 '(6(&+26 < 68%352'8&726 27526 352'8&726 12 *(15,&26 ᤡ '(120,1$&,1 '(/ 352'8&72 ᤡ &/$9( '(/ 352'8&72 &/$9( '( 81,'$' 81,'$' '( 0(','$ -XHJR 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D -XHJR 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D ,167,7872 1$&,21$/ '( (67$'67,&$ < *(2*5$)$ ',5(&&,1 *(1(5$/ '( (67$'67,&$6 (&210,&$6 &$7/2*2 '( 352'8&726 &21 &/$6,),&$'25 6&,$1 1 &/$6( )$%5,&$&,1 '( 7(/$6 $1*267$6 '( 75$0$ < 3$6$0$1(5$ 7RWDO GH SURGXFWRV 32 ᤢ ᤢ ᤢ ᤢ ᤢ ᤢ ᤢ ᤡ ᤡ ᤡ ᤡ ᤡ &,17$6 12 (/67,&$6 %LHV /LVWRQHV %RUGDGDV 6LQ ERUGDU 2WUDV HVSHFLILFDU &,17$6 (/67,&$6 '( +DVWD FP GH DQFKR 0£V GH FP GH DQFKR (1&$-(6 '( $OJRGµQ )LEUDV DUWLILFLDOHV \R VLQW«WLFDV %DQGDV GH HQFDMH 0H]FOD GH ILEUDV EODQGDV 2WURV HVSHFLILFDU (7,48(7$6 '( 7(/$ %RUGDGDV 6LQ ERUGDU 2WUDV HVSHFLILFDU 3$6$0$1(5$ *DORQHV \ VLPLODUHV )OHFRV 3RPSRQHV 2WUDV HVSHFLILFDU 7(/$6 $1*267$6 (O£VWLFDV %RUGDGDV 6LQ ERUGDU 7XO 2WUDV HVSHFLILFDU +,/26 '( +8/( 'HVQXGR (QWRUFKDGR 2WURV HVSHFLILFDU &$%/(6 < &25'(/(6 7(;7,/(6 $JXMHWDV &RUGRQHV FRUGHOHV \ FDEOHV UHWRUFLGRV \ WUHQ]DGRV 2WURV HVSHFLILFDU 27526 '(6(&+26 < 68%352'8&726 27526 352'8&726 12 *(15,&26 ᤡ '(120,1$&,1 '(/ 352'8&72 ᤡ &/$9( '(/ 352'8&72 &/$9( '( 81,'$' 81,'$' '( 0(','$ 0LO PHWURV 0LO PHWURV 0LO PHWURV 0LO PHWURV 0LO PHWURV 0LO PHWURV 0LO PHWURV 0LO PHWURV 0LO PHWURV 0LO PHWURV 0LO PHWURV 0LO PHWURV 0LO PHWURV 0LO PHWURV 0LO PHWURV 0LO PHWURV 0LO PHWURV 0LO PHWURV 0LO PHWURV 0LO PHWURV 0LO PHWURV 0LO PHWURV 0LO PHWURV 0LO PHWURV .LORJUDPR .LORJUDPR .LORJUDPR 0LO SLH]DV 0LO PHWURV 7RWDO GH SURGXFWRV 11 ᤢ ᤢ 7(/$6 12 7(-,'$6 3$5$ 862 'RP«VWLFR ,QGXVWULDO 4XLU¼UJLFR 6DQLWDULR 2WUDV HVSHFLILFDU &21)(&&,1 &21 7(/$6 12 7(-,'$6 (1 /$ 0,60$ 3/$17$ 7(;7,/ 5RSD TXLU¼UJLFD 2WUDV HVSHFLILFDU ),(/7526 < (175(7(/$6 12 7(-,'$6 (QWUHWHODV DJOXWLQDGDV )LHOWURV DJOXWLQDGRV 27526 '(6(&+26 < 68%352'8&726 27526 352'8&726 12 *(15,&26 ᤡ '(120,1$&,1 '(/ 352'8&72 ᤡ &/$9( '(/ 352'8&72 &2035,0,'$6 ᤡ &/$6( )$%5,&$&,1 '( 7(/$6 12 7(-,'$6 1 ᤢ ,167,7872 1$&,21$/ '( (67$'67,&$ < *(2*5$)$ ',5(&&,1 *(1(5$/ '( (67$'67,&$6 (&210,&$6 &$7/2*2 '( 352'8&726 &21 &/$6,),&$'25 6&,$1 &/$9( '( 81,'$' 81,'$' '( 0(','$ 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 0LO SLH]DV 0LO SLH]DV 7RQHODGD .LORJUDPR ,167,7872 1$&,21$/ '( (67$'67,&$ < *(2*5$)$ ',5(&&,1 *(1(5$/ '( (67$'67,&$6 (&210,&$6 &$7/2*2 '( 352'8&726 &21 &/$6,),&$'25 6&,$1 1 &/$6( )$%5,&$&,1 '( 7(/$6 '( 38172 7RWDO GH SURGXFWRV 20 ᤢ ᤢ ᤢ ᤢ ᤡ ᤡ 7(/$6 '( 38172 '( ),%5$6 1$785$/(6 '( $OJRGµQ /DQD 2WUDV HVSHFLILFDU 7(/$6 '( 38172 '( ),%5$6 $57,),&,$/(6 <2 6,177,&$6 '( $FHWDWR )LEUDV DFU¯OLFDV 1\ORQ 3ROL«VWHU 5D\µQ 2WUDV HVSHFLILFDU 7(/$6 '( 0(=&/$ '( ),%5$6 %/$1'$6 35,1&,3$/0(17( '( $OJRGµQ 3ROL«VWHU /DQD 2WUDV HVSHFLILFDU +,/$'26 '( $OJRGµQ 3ROL«VWHU )LEUDV $FU¯OLFDV 0H]FODV GH ILEUDV DUWLILFLDOHV \R VLQW«WLFDV 2WURV HVSHFLILFDU 27526 '(6(&+26 < 68%352'8&726 27526 352'8&726 12 *(15,&26 ᤡ '(120,1$&,1 '(/ 352'8&72 ᤡ &/$9( '(/ 352'8&72 &/$9( '( 81,'$' 81,'$' '( 0(','$ 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD ,167,7872 1$&,21$/ '( (67$'67,&$ < *(2*5$)$ ',5(&&,1 *(1(5$/ '( (67$'67,&$6 (&210,&$6 &$7/2*2 '( 352'8&726 &21 &/$6,),&$'25 6&,$1 1 &/$6( $&$%$'2 '( 352'8&726 7(;7,/(6 &/$9( '( 81,'$' 7RWDO GH SURGXFWRV 25 ᤢ ᤢ ᤢ ᤢ ᤢ ᤡ ᤡ ᤡ +,/$'26 +,/26 ( +,/$=$6 '( $/*2'1 %ODQTXHDGRV 0HUFHUL]DGRV 7H³LGRV 2WURV HVSHFLILFDU +,/$'26 +,/26 ( +,/$=$6 '( ),%5$6 $57,),&,$/(6 <2 6,177,&$6 %ODQTXHDGRV (QJRPDGRV 7H³LGRV 7H[WXUL]DGRV (QGXUHFLGRV 2WURV HVSHFLILFDU 7(/$6 '( $/*2'1 %ODQTXHDGDV (VWDPSDGDV 3UHDUUXJDGDV 6DQIRUL]DGDV 7H³LGDV 2WUDV HVSHFLILFDU 7(/$6 '( ),%5$6 $57,),&,$/(6 <2 6,177,&$6 (VWDPSDGDV 7H³LGDV 2WUDV HVSHFLILFDU $&$%$'2 '( 35(1'$6 /DYDGR 'HFRORUDGR 3ODQFKDGR 2WUR HVSHFLILFDU 27526 '(6(&+26 < 68%352'8&726 27526 352'8&726 12 *(15,&26 ᤡ '(120,1$&,1 '(/ 352'8&72 ᤡ &/$9( '(/ 352'8&72 81,'$' '( 0(','$ 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV ,167,7872 1$&,21$/ '( (67$'67,&$ < *(2*5$)$ ',5(&&,1 *(1(5$/ '( (67$'67,&$6 (&210,&$6 &$7/2*2 '( 352'8&726 &21 &/$6,),&$'25 6&,$1 1 &/$6( )$%5,&$&,1 '( 7(/$6 5(&8%,(57$6 7(/$6 3/67,&$6 &RQ VRSRUWH WH[WLO 6LQ VRSRUWH WH[WLO 7(/$6 5(&8%,(57$6 ( ,03(50($%,/,=$'$6 $KXODGDV ,PSUHJQDGDV FRQ UHVLQD 3ODVWLILFDGDV $OXPLQL]DGDV /RQDV \ ORQHWDV 2WUDV HVSHFLILFDU 27526 '(6(&+26 < 68%352'8&726 27526 352'8&726 12 *(15,&26 7RWDO GH SURGXFWRV 10 ᤢ '(120,1$&,1 '(/ 352'8&72 ᤡ &/$9( '(/ 352'8&72 &/$9( '( 81,'$' 81,'$' '( 0(','$ 0LO PWVt 0LO PWVt 0LO PWVt 0LO PWVt 0LO PWVt 0LO PWVt 0LO PWVt 0LO PWVt ,167,7872 1$&,21$/ '( (67$'67,&$ < *(2*5$)$ ',5(&&,1 *(1(5$/ '( (67$'67,&$6 (&210,&$6 &$7/2*2 '( 352'8&726 &21 &/$6,),&$'25 6&,$1 1 &/$6( )$%5,&$&,1 '( $/)20%5$6 < 7$3(7(6 7RWDO GH SURGXFWRV 26 ᤢ ᤡ ᤡ ᤢ ᤢ ᤢ &/$9( '( 81,'$' $/)20%5$6 < 7$3(7(6 '( ),%5$6 1$785$/(6 '( $OJRGµQ /DQD 0H]FOD GH ILEUDV EODQGDV $/)20%5$6 < 7$3(7(6 '( ),%5$6 $57,),&,$/(6 <2 6,177,&$6 '( $FU¯OLFR 1\ORQ 0H]FOD GH ILEUDV DUWLILFLDOHV \R VLQW«WLFDV 3ROL«VWHU 3ROLSURSLOHQR 3ROLHWLOHQR 2WUDV HVSHFLILFDU $/)20%5$6 < 7$3(7(6 '( +(1(481 $OIRPEUDV 7DSHWHV %DMR DOIRPEUDV 2WUDV HVSHFLILFDU $/)20%5$6 < 7$3(7(6 '( 0(=&/$ '( ),%5$6 %/$1'$6 35,1&,3$/0(17( 1DWXUDOHV $UWLILFLDOHV \R VLQW«WLFDV 7(/$6 3$5$ 7$3,&(5$ '( )LEUDV QDWXUDOHV )LEUDV DUWLILFLDOHV \R VLQW«WLFDV 0H]FOD GH ILEUDV EODQGDV 2WUDV HVSHFLILFDU 27526 352'8&726 $ %$6( '( +(1(481 )LHOWURV 6DFRV \ FRVWDOHV 7HODV SDUD HPSDTXH 2WURV HVSHFLILFDU 27526 '(6(&+26 < 68%352'8&726 27526 352'8&726 12 *(15,&26 ᤡ '(120,1$&,1 '(/ 352'8&72 ᤡ &/$9( '(/ 352'8&72 81,'$' '( 0(','$ 0HWURt 0HWURt 0HWURt 0HWURt 0HWURt 0LO PWVt 0LO PWVt 0HWURt 0LO PWVt 7RQHODGD 3LH]D 7RQHODGD 0HWURt 0HWURt 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD ,167,7872 1$&,21$/ '( (67$'67,&$ < *(2*5$)$ ',5(&&,1 *(1(5$/ '( (67$'67,&$6 (&210,&$6 &$7/2*2 '( 352'8&726 &21 &/$6,),&$'25 6&,$1 1 &/$6( &21)(&&,1 '( &257,1$6 %/$1&26 < 6,0,/$5(6 ᤢ ᤢ ᤢ ᤢ ᤢ ᤡ ᤡ ᤡ 0$17(/(6 '( $OJRGµQ 3ROL«VWHU 0H]FOD GH ILEUDV EODQGDV 2WURV HVSHFLILFDU 6%$1$6 ,QGLYLGXDO 0DWULPRQLDO 4XHHQ VL]H .LQJ VL]H 2WUDV HVSHFLILFDU )81'$6 3$5$ $/02+$'$ '( $OJRGµQ 3ROL«VWHU 0H]FOD GH ILEUDV EODQGDV 0H]FOD GH ILEUDV DUWLILFLDOHV \R VLQW«WLFDV 72$//$6 '( %D³R FRPSOHWR 0HGLR ED³R 0DQRV 2WUDV HVSHFLILFDU &2/&+$6 &DSLWRQDGDV 1R FDSLWRQDGDV (GUHGRQHV &RRUGLQDGRV GH URSD GH FDPD )XQGD HGUHGµQ -XHJR GH FXQD 2WUDV HVSHFLILFDU &21)(&&,21(6 &$3,721$'$6 2 $)(/3$'$6 3URWHFWRU SDUD FROFKµQ &RELMDV $OPRKDGDV \ FRMLQHV &ROFKRQHWDV 5RGDSL«V %DWDV GH ED³R -XHJR GH ED³R 2WUDV HVSHFLILFDU &2%(5725(6 3DUD EHE« ,QIDQWLO ,QGLYLGXDO 0DWULPRQLDO ᤡ '(120,1$&,1 '(/ 352'8&72 ᤡ &/$9( '(/ 352'8&72 &/$9( '( 81,'$' 81,'$' '( 0(','$ 3LH]D 3LH]D 3LH]D 3LH]D -XHJR -XHJR -XHJR -XHJR -XHJR -XHJR -XHJR -XHJR -XHJR 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV 3LH]D 3LH]D -XHJR -XHJR 3LH]D -XHJR 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D -XHJR 3LH]D 3LH]D 3LH]D 3LH]D ,167,7872 1$&,21$/ '( (67$'67,&$ < *(2*5$)$ ',5(&&,1 *(1(5$/ '( (67$'67,&$6 (&210,&$6 &$7/2*2 '( 352'8&726 &21 &/$6,),&$'25 6&,$1 1 &/$6( &21)(&&,1 '( &257,1$6 %/$1&26 < 6,0,/$5(6 7RWDO GH SURGXFWRV 48 ᤢ ᤢ 4XHHQ VL]H .LQJ VL]H 2WURV HVSHFLILFDU 275$6 &21)(&&,21(6 3$5$ (/ +2*$5 7UDSRV SDUD FRFLQD *XDQWHV SDUD FRFLQD &XELHUWDV SDUD HOHFWURGRP«VWLFRV 6HUYLOOHWDV &RUWLQDV &XELHUWDV SDUD VLOOµQ 2WUDV HVSHFLILFDU 27526 '(6(&+26 < 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3$5$ &$%$//(52 &DPLVHWDV &DO]RQFLOORV 7UXVDV \ VLPLODUHV %µ[HU 2WUD HVSHFLILFDU ᤡ '(120,1$&,1 '(/ 352'8&72 ᤡ &/$9( '(/ 352'8&72 &/$9( '( 81,'$' 81,'$' '( 0(','$ 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D -XHJR 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D -XHJR 3LH]D -XHJR 3LH]D -XHJR 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 1 ,167,7872 1$&,21$/ '( (67$'67,&$ < *(2*5$)$ ',5(&&,1 *(1(5$/ '( (67$'67,&$6 (&210,&$6 &$7/2*2 '( 352'8&726 &21 &/$6,),&$'25 6&,$1 &/$6( &21)(&&,1 (1 6(5,( '( 523$ ,17(5,25 < '( '250,5 7RWDO GH SURGXFWRV 60 ᤢ ᤢ ᤢ ᤢ ᤡ ᤡ &21)(&&,1 '( 523$ ,17(5,25 3$5$ 1,26 3DQWDOHWDV \ VLPLODUHV &DO]RQFLOORV &DPLVRQHV &DPLVHWDV 7UXVDV \ VLPLODUHV %µ[HU 2WUD HVSHFLILFDU &21)(&&,1 '( 3,-$0$6 < 6,0,/$5(6 3$5$ &DEDOOHUR 'DPD 1L³RV %HE« 2WUD HVSHFLILFDU &21)(&&,1 '( %$7$6 3$5$ &DEDOOHUR 'DPD 1L³RV %HE« 2WUD HVSHFLILFDU 275$6 &21)(&&,21(6 '( 38172 3OD\HUDV 7UDMHV GH ED³R 2WUDV HVSHFLILFDU 27526 '(6(&+26 < 68%352'8&726 27526 352'8&726 12 *(15,&26 ᤡ '(120,1$&,1 '(/ 352'8&72 ᤡ &/$9( '(/ 352'8&72 &/$9( '( 81,'$' 81,'$' '( 0(','$ 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D -XHJR -XHJR -XHJR -XHJR -XHJR 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 0LO SLH]DV 3LH]D 3LH]D 1 ,167,7872 1$&,21$/ '( (67$'67,&$ < *(2*5$)$ ',5(&&,1 *(1(5$/ '( (67$'67,&$6 (&210,&$6 &$7/2*2 '( 352'8&726 &21 &/$6,),&$'25 6&,$1 &/$6( &21)(&&,1 (1 6(5,( '( &$0,6$6 7RWDO GH SURGXFWRV 20 ᤢ ᤢ ᤢ ᤢ ᤡ ᤡ &$0,6$6 'H YHVWLU 6SRUW *XD\DEHUDV 9DTXHUDV 'H RWUR WLSR HVSHFLILFDU &21)(&&,1 '( 275$6 35(1'$6 '( 9(67,5 3OD\HUDV 3DQWDORQHV 6KRUW \ VLPLODUHV 6XGDGHUDV &RQMXQWR YDTXHUR 2WUD HVSHFLILFDU 523$ ,17(5,25 &DPLVHWDV &DO]RQFLOORV 7UXVDV 2WUD HVSHFLILFDU $&&(625,26 '( 9(67,5 &RUEDWDV 0R³RV 2WURV HVSHFLILFDU 27526 '(6(&+26 < 68%352'8&726 27526 352'8&726 12 *(15,&26 ᤡ '(120,1$&,1 '(/ 352'8&72 ᤡ &/$9( '(/ 352'8&72 &/$9( '( 81,'$' 81,'$' '( 0(','$ 0LO SLH]DV 0LO SLH]DV 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D -XHJR 3LH]D 0LO SLH]DV 3LH]D 0LO SLH]DV 3LH]D 3LH]D 3LH]D 3LH]D 1 ,167,7872 1$&,21$/ '( (67$'67,&$ < *(2*5$)$ ',5(&&,1 *(1(5$/ '( (67$'67,&$6 (&210,&$6 &$7/2*2 '( 352'8&726 &21 &/$6,),&$'25 6&,$1 &/$6( &21)(&&,1 (1 6(5,( '( 81,)250(6 ᤢ ᤢ ᤢ ᤢ ᤢ ᤡ ᤡ ᤡ ᤢ 81,)250(6 'HSRUWLYRV (VFRODUHV 0LOLWDUHV \ VLPLODUHV 3DUD P«GLFRV \ HQIHUPHUDV 3DUD SHUVRQDO GH VHUYLFLR 3DUD SHUVRQDO HPSUHVDULDO 'H VHJXULGDG SDUD REUHURV &RPXQHV SDUD REUHURV 2WURV HVSHFLILFDU 523$ '( 75$%$-2 %DWDV &DPLVRODV \ FDPLVDV )LOLSLQDV 0DTXLQRII 2YHUROHV 3DQWDORQHV 6DFRV ,PSHUPHDEOHV 3OD\HUDV &KDPDUUDV 2WUD HVSHFLILFDU $&&(625,26 '( 75$%$-2 &RILDV JRUUDV \ VLPLODUHV 0DQGLOHV \ VLPLODUHV 2WURV HVSHFLILFDU 275$ 523$ '(3257,9$ 3OD\HUDV &KDPDUUDV 6KRUWV 3DQWDORQHV SDQWV 3DQWV SDQWDOµQ \ FKDPDUUD 6XGDGHUDV 5RPSHYLHQWRV 2WUD HVSHFLILFDU 275$ 523$ (6&2/$5 &DPLVDV 3DQWDORQHV 6X«WHUHV %OXVDV )DOGDV -XPSHUV &KDOHFRV ᤡ &/$9( '( 81,'$' ᤡ '(120,1$&,1 '(/ 352'8&72 ᤡ &/$9( '(/ 352'8&72 81,'$' '( 0(','$ -XHJR -XHJR -XHJR -XHJR -XHJR -XHJR -XHJR -XHJR -XHJR 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D -XHJR 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D ,167,7872 1$&,21$/ '( (67$'67,&$ < *(2*5$)$ ',5(&&,1 *(1(5$/ '( (67$'67,&$6 (&210,&$6 &$7/2*2 '( 352'8&726 &21 &/$6,),&$'25 6&,$1 1 &/$6( &21)(&&,1 (1 6(5,( '( 81,)250(6 2WUD HVSHFLILFDU 27526 '(6(&+26 < 68%352'8&726 27526 352'8&726 12 *(15,&26 7RWDO GH SURGXFWRV 41 ᤢ '(120,1$&,1 '(/ 352'8&72 ᤡ &/$9( '(/ 352'8&72 &/$9( '( 81,'$' 81,'$' '( 0(','$ 3LH]D ,167,7872 1$&,21$/ '( (67$'67,&$ < *(2*5$)$ ',5(&&,1 *(1(5$/ '( (67$'67,&$6 (&210,&$6 &$7/2*2 '( 352'8&726 &21 &/$6,),&$'25 6&,$1 1 &/$6( &21)(&&,1 (1 6(5,( '( 275$ 523$ (;7(5,25 '( 0$7(5,$/(6 7(;7,/(6 ᤢ ᤢ ᤢ ᤢ ᤢ ᤢ ᤢ ᤡ ᤡ ᤡ ᤡ ᤡ 523$ '( &$//( 3$5$ &$%$//(52 $EULJRV &RRUGLQDGRV &KDPDUUDV 3DQWDORQHV 3OD\HUDV 6DFRV 7UDMHV *DEDUGLQDV 6KRUW \ EHUPXGD 6PRNLQJ &KDOHFRV 2WUD HVSHFLILFDU 523$ &21)(&&,21$'$ &21 7(/$ '( 38172 &KDOHFRV &KDPDUUDV 3OD\HUDV 6X«WHUHV 2WUD HVSHFLILFDU 523$ '(3257,9$ 3DQWV SDQWDOµQ \ FKDPDUUD 6KRUW 6XGDGHUD 7UDMHV GH ED³R &KDPDUUDV 3DQWDOµQ SDQWV 2WUD HVSHFLILFDU 275$6 35(1'$6 &DPLVDV ,PSHUPHDEOHV 523$ '( &8(52 < 3,(/ $EULJRV &KDPDUUDV 6DFRV 2WUD HVSHFLILFDU $&&(625,26 '( 9(67,5 &RUEDWDV 0R³RV 2WURV HVSHFLILFDU 523$ '( &$//( 3$5$ '$0$ $EULJRV %OXVDV &RQMXQWRV ᤡ '(120,1$&,1 '(/ 352'8&72 ᤡ &/$9( '(/ 352'8&72 &/$9( '( 81,'$' 81,'$' '( 0(','$ 3LH]D -XHJR 3LH]D 0LO SLH]DV 3LH]D 3LH]D -XHJR 3LH]D 3LH]D -XHJR 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D -XHJR 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D -XHJR ,167,7872 1$&,21$/ '( (67$'67,&$ < *(2*5$)$ ',5(&&,1 *(1(5$/ '( (67$'67,&$6 (&210,&$6 &$7/2*2 '( 352'8&726 &21 &/$6,),&$'25 6&,$1 1 &/$6( &21)(&&,1 (1 6(5,( '( 275$ 523$ (;7(5,25 '( 0$7(5,$/(6 7(;7,/(6 ᤢ ᤢ ᤢ ᤢ ᤢ ᤢ ᤢ ᤡ ᤡ ᤡ ᤡ ᤡ &KDPDUUDV )DOGDV *DEDUGLQDV 3DQWDORQHV 3OD\HUDV 6DFRV 7UDMHV VDVWUH -XPSHUV 2YHUROHV 6KRUWV \ EHUPXGDV &KDOHFRV ,PSHUPHDEOHV &KDOHV 2WUD HVSHFLILFDU &21)(&&,1 '( 9(67,'26 '( &DOOH 1RFKH 1RYLD &RFNWDLO 0DWHUQLGDG 2WUD HVSHFLILFDU 523$ '(3257,9$ 3DQWV SDQWDOµQ \ FKDPDUUD 6KRUW 6XGDGHUDV 7UDMHV GH ED³R 3OD\HUDV 3DQWDOµQ SDQWV &KDPDUUDV 2WUD HVSHFLILFDU 523$ &21)(&&,21$'$ &21 7(/$ '( 38172 $EULJRV &KDPDUUDV 3DQWDORQHV 3DQWV SDQWDOµQ \ FKDPDUUD 3OD\HUDV 6DFRV 6X«WHUHV 9HVWLGRV 7UDMHV GH ED³R 2WUD HVSHFLILFDU 523$ '( &8(52 < 3,(/ $EULJRV ᤡ '(120,1$&,1 '(/ 352'8&72 ᤡ &/$9( '(/ 352'8&72 &/$9( '( 81,'$' 81,'$' '( 0(','$ 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D -XHJR 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D -XHJR 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D -XHJR 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D ,167,7872 1$&,21$/ '( (67$'67,&$ < *(2*5$)$ ',5(&&,1 *(1(5$/ '( (67$'67,&$6 (&210,&$6 &$7/2*2 '( 352'8&726 &21 &/$6,),&$'25 6&,$1 1 &/$6( &21)(&&,1 (1 6(5,( '( 275$ 523$ (;7(5,25 '( 0$7(5,$/(6 7(;7,/(6 ᤢ ᤢ ᤢ ᤢ ᤢ ᤢ ᤡ ᤡ ᤡ ᤡ ᤢ &KDPDUUDV 6DFRV 2WUD HVSHFLILFDU 523$ '( &$//( 3$5$ 1,26 $EULJRV %OXVDV &DPLVDV &RQMXQWRV &KDPDUUDV )DOGDV 3DQWDORQHV 3OD\HUDV 2YHUROHV \ MDUGLQHURV 6DFRV 7UDMHV SDQWDOµQ \ VDFR 9HVWLGRV 6X«WHUHV 6KRUWV \ EHUPXGDV &KDOHFRV ,PSHUPHDEOHV 2WUD HVSHFLILFDU 523$ '(3257,9$ 3DQWV SDQWDOµQ \ FKDPDUUD 6KRUWV \ EHUPXGDV 7UDMHV GH ED³R 6XGDGHUDV 3OD\HUDV 3DQWDOµQ SDQWV &KDPDUUDV 2WUD HVSHFLILFDU 523$ '( &8(52 < 3,(/ $EULJRV &KDPDUUDV 6DFRV 2WUD HVSHFLILFDU 523$ 3$5$ %(% %DEHURV \ VLPLODUHV &KDPEUDV 3OD\HUDV \ FDPLVHWDV &REHUWRUHV 0DPHOXFRV 3D³DOHUR 5RSµQ ᤡ &/$9( '( 81,'$' ᤡ '(120,1$&,1 '(/ 352'8&72 ᤡ &/$9( '(/ 352'8&72 81,'$' '( 0(','$ 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D -XHJR 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D -XHJR 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D -XHJR 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D ,167,7872 1$&,21$/ '( (67$'67,&$ < *(2*5$)$ ',5(&&,1 *(1(5$/ '( (67$'67,&$6 (&210,&$6 &$7/2*2 '( 352'8&726 &21 &/$6,),&$'25 6&,$1 1 &/$6( &21)(&&,1 (1 6(5,( '( 275$ 523$ (;7(5,25 '( 0$7(5,$/(6 7(;7,/(6 7RWDO GH SURGXFWRV 124 ᤢ ᤢ 2WUD HVSHFLILFDU 523$ ,17(5,25 3LMDPDV 0DPHOXFRV %DWDV 7UXVDV 3DQWDOHWDV 3D³DOHURV 2WUD HVSHFLILFDU 27526 '(6(&+26 < 68%352'8&726 27526 352'8&726 12 *(15,&26 ᤡ '(120,1$&,1 '(/ 352'8&72 ᤡ &/$9( '(/ 352'8&72 &/$9( '( 81,'$' 81,'$' '( 0(','$ 3LH]D -XHJR 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D ,167,7872 1$&,21$/ '( (67$'67,&$ < *(2*5$)$ ',5(&&,1 *(1(5$/ '( (67$'67,&$6 (&210,&$6 &$7/2*2 '( 352'8&726 &21 &/$6,),&$'25 6&,$1 1 &/$6( &21)(&&,1 '( 620%5(526 < *255$6 7RWDO GH SURGXFWRV 19 ᤢ ᤢ ᤢ ᤡ 620%5(526 '( 3DMD 3DOPD 3DSHO /DQD 3HOR GH FRQHMR $OJRGµQ 2WURV HVSHFLILFDU *255$6 '( 7(/$ '( /DQD 2WUDV ILEUDV QDWXUDOHV )LEUDV DUWLILFLDOHV \R VLQW«WLFDV 0H]FOD GH ILEUDV EODQGDV 2WUDV HVSHFLILFDU &$&+8&+$6 '( 7(/$ /DQD 2WUDV ILEUDV QDWXUDOHV )LEUDV DUWLILFLDOHV \R VLQW«WLFDV 0H]FOD GH ILEUDV EODQGDV 2WUDV HVSHFLILFDU 27526 '(6(&+26 < 68%352'8&726 27526 352'8&726 12 *(15,&26 ᤡ '(120,1$&,1 '(/ 352'8&72 ᤡ &/$9( '(/ 352'8&72 &/$9( '( 81,'$' 81,'$' '( 0(','$ 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D ,167,7872 1$&,21$/ '( (67$'67,&$ < *(2*5$)$ ',5(&&,1 *(1(5$/ '( (67$'67,&$6 (&210,&$6 &$7/2*2 '( 352'8&726 &21 &/$6,),&$'25 6&,$1 1 &/$6( &21)(&&,1 '( 27526 $&&(625,26 < 35(1'$6 '( 9(67,5 12 &/$6,),&$'26 (1 275$ 3$57( 7RWDO GH SURGXFWRV 34 ᤢ ᤢ ᤢ ᤢ ᤢ ᤢ ᤢ ᤡ ᤡ ᤡ ᤡ ᤡ &25%$7$6 '( 3ROL«VWHU 6HGD QDWXUDO )LEUDV DUWLILFLDOHV \R VLQW«WLFDV 0H]FOD GH ILEUDV EODQGDV 2WUDV HVSHFLILFDU *8$17(6 '( &8(52 2 3,(/ '( 3LHO &XHUR &DUQD]D 2WURV HVSHFLILFDU *8$17(6 '( 0$7(5,$/(6 7(;7,/(6 '( /DQD )LEUDV DFU¯OLFDV $OJRGµQ 2WUDV ILEUDV DUWLILFLDOHV \R VLQW«WLFDV 2WURV HVSHFLILFDU 3$8(/26 '( 0$12 <2 '( %2/6,//2 3$5$ &DEDOOHUR 'DPD 2WURV HVSHFLILFDU 0$6&$'$6 3$/,$&$7(6 < 6,0,/$5(6 '( 3ROL«VWHU 6HGD QDWXUDO 2WUDV HVSHFLILFDU %8)$1'$6 '( )LEUDV DFU¯OLFDV /DQD 0H]FOD GH ILEUDV EODQGDV 2WUDV HVSHFLILFDU 27526 $&&(625,26 7(;7,/(6 '( 9(67,5 'LDGHPDV 'RQDV 0R³RV 3HFKHUDV &KDOHV &KDOLQDV 7LUDQWHV 2WURV HVSHFLILFDU 27526 '(6(&+26 < 68%352'8&726 27526 352'8&726 12 *(15,&26 ᤡ '(120,1$&,1 '(/ 352'8&72 ᤡ &/$9( '(/ 352'8&72 &/$9( '( 81,'$' 81,'$' '( 0(','$ 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3DU 3DU 3DU 3DU 3DU 3DU 3DU 3DU 3DU 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D ,167,7872 1$&,21$/ '( (67$'67,&$ < *(2*5$)$ ',5(&&,1 *(1(5$/ '( (67$'67,&$6 (&210,&$6 &$7/2*2 '( 352'8&726 &21 &/$6,),&$'25 6&,$1 1 &/$6( &857,'2 < $&$%$'2 '( &8(52 < 3,(/ ᤢ ᤢ ᤡ ᤢ ᤢ ᤢ ᤢ ᤢ ᤢ ᤡ ᤢ ᤡ ᤡ ᤡ ᤡ ᤡ &/$9( '( 81,'$' &857,'2 < $&$%$'2 '( 9$48(7$ 2 6,//(52 68(/$ '( %HFHUUR 5HV 2WUR HVSHFLILFDU &8(52 3$5$ &$/=$'2 (;&(372 68(/$ '( %HFHUUR &DEUD &HUGR 5HV 7HUQHUD 2WUR HVSHFLILFDU &8(52 3$5$ 35(1'$6 '( 9(67,5 '( %HFHUUR %RUUHJR &DEUD 5HV 2WUR HVSHFLILFDU &8(52 3$5$ 0$55248,1(5$ '( %RUUHJR &DEUD &HUGR 7HUQHUD %HFHUUR 5HV 2WUR HVSHFLILFDU &857,'2 < $&$%$'2 '( &8(52 3$5$ 27526 8626 ,1'8675,$/(6 '( %HFHUUR &HUGR 5HV %RUUHJR &DEUD 2WUR HVSHFLILFDU &$51$=$ '( 5HV &HUGR &DEDOOR 2WUD HVSHFLILFDU &8(52 3$5$ 7$3,&(5,$ '( &DEUD 5HV 2WUR HVSHFLILFDU 27526 '(6(&+26 < 68%352'8&726 ᤡ '(120,1$&,1 '(/ 352'8&72 ᤡ &/$9( '(/ 352'8&72 81,'$' '( 0(','$ 'HF¯PHWURt 'HF¯PHWURt 'HF¯PHWURt 'HF¯PHWURt 'HF¯PHWURt 'HF¯PHWURt 'HF¯PHWURt 'HF¯PHWURt 'HF¯PHWURt 'HF¯PHWURt 'HF¯PHWURt 'HF¯PHWURt 'HF¯PHWURt 'HF¯PHWURt 'HF¯PHWURt 'HF¯PHWURt 'HF¯PHWURt 'HF¯PHWURt 'HF¯PHWURt 'HF¯PHWURt 'HF¯PHWURt 'HF¯PHWURt 'HF¯PHWURt 'HF¯PHWURt 'HF¯PHWURt 'HF¯PHWURt 'HF¯PHWURt 'HF¯PHWURt 'HF¯PHWURt 'HF¯PHWURt 'HF¯PHWURt 'HF¯PHWURt 'HF¯PHWURt 'HF¯PHWURt ,167,7872 1$&,21$/ '( (67$'67,&$ < *(2*5$)$ ',5(&&,1 *(1(5$/ '( (67$'67,&$6 (&210,&$6 &$7/2*2 '( 352'8&726 &21 &/$6,),&$'25 6&,$1 1 &/$6( &857,'2 < $&$%$'2 '( &8(52 < 3,(/ &/$9( '(/ 352'8&72 '(120,1$&,1 '(/ 352'8&72 27526 352'8&726 12 *(15,&26 7RWDO GH SURGXFWRV 36 &/$9( '( 81,'$' 81,'$' '( 0(','$ ,167,7872 1$&,21$/ '( (67$'67,&$ < *(2*5$)$ ',5(&&,1 *(1(5$/ '( (67$'67,&$6 (&210,&$6 &$7/2*2 '( 352'8&726 &21 &/$6,),&$'25 6&,$1 1 &/$6( )$%5,&$&,1 '( &$/=$'2 &21 &257( '( 3,(/ < &8(52 ᤢ ᤢ ᤢ ᤢ ᤢ ᤢ ᤢ ᤢ ᤢ ᤡ ᤡ ᤡ ᤡ ᤡ ᤡ ᤡ &$/=$'2 3$5$ &$%$//(52 '( 9$&812 &21 68(/$ '( &XHUR +XOH 2WUR HVSHFLILFDU &$/=$'2 3$5$ &$%$//(52 '( &$35,12 &21 68(/$ '( &XHUR +XOH 2WUR HVSHFLILFDU &$/=$'2 3$5$ &$%$//(52 '( %29,12 &21 68(/$ '( &XHUR +XOH 2WUR HVSHFLILFDU &$/=$'2 3$5$ &$%$//(52 '( 275$6 3,(/(6 &21 68(/$ '( &XHUR +XOH 2WUR HVSHFLILFDU &$/=$'2 3$5$ &$%$//(52 &21 &257( 6LQW«WLFR &$/=$'2 3$5$ '$0$ '( 9$&812 &21 68(/$ '( &XHUR +XOH 2WUR HVSHFLILFDU &$/=$'2 3$5$ '$0$ '( &$35,12 &21 68(/$ '( &XHUR +XOH 2WUR HVSHFLILFDU &$/=$'2 3$5$ '$0$ '( %29,12 &21 68(/$ '( &XHUR +XOH 2WUR HVSHFLILFDU &$/=$'2 3$5$ '$0$ '( 275$6 3,(/(6 &21 68(/$ '( &XHUR +XOH 2WUR HVSHFLILFDU &$/=$'2 3$5$ '$0$ &21 &257( 6LQW«WLFR &$/=$'2 3$5$ 1,26 '( 9$&812 &21 68(/$ '( &XHUR +XOH 2WUR HVSHFLILFDU &$/=$'2 3$5$ 1,26 '( &$35,12 &21 68(/$ '( &XHUR +XOH ᤡ '(120,1$&,1 '(/ 352'8&72 ᤡ &/$9( '(/ 352'8&72 &/$9( '( 81,'$' 81,'$' '( 0(','$ 0LO SDUHV 0LO SDUHV 0LO SDUHV 0LO SDUHV 3DU 3DU 0LO SDUHV 0LO SDUHV 0LO SDUHV 3DU 3DU 3DU 3DU 0LO SDUHV 0LO SDUHV 0LO SDUHV 0LO SDUHV 3DU 3DU 0LO SDUHV 0LO SDUHV 0LO SDUHV 3DU 3DU 3DU 3DU 0LO SDUHV 0LO SDUHV 0LO SDUHV 0LO SDUHV 3DU ,167,7872 1$&,21$/ '( (67$'67,&$ < *(2*5$)$ ',5(&&,1 *(1(5$/ '( (67$'67,&$6 (&210,&$6 &$7/2*2 '( 352'8&726 &21 &/$6,),&$'25 6&,$1 1 &/$6( )$%5,&$&,1 '( &$/=$'2 &21 &257( '( 3,(/ < &8(52 7RWDO GH SURGXFWRV 47 ᤢ ᤢ ᤢ ᤢ ᤡ ᤡ 2WUR HVSHFLILFDU &$/=$'2 3$5$ 1,26 '( %29,12 &21 68(/$ '( &XHUR +XOH 2WUR HVSHFLILFDU &$/=$'2 3$5$ 1,26 '( 275$6 3,(/(6 &21 68(/$ '( &XHUR +XOH 2WUR HVSHFLILFDU &$/=$'2 3$5$ 1,26 &21 &257( 6LQW«WLFR %27$6 ,QGXVWULDOHV 9DTXHUDV 9HVWLU 2WUDV HVSHFLILFDU 3$57(6 3$5$ &$/=$'2 7DFRQHV 6XHODV 27526 '(6(&+26 < 68%352'8&726 27526 352'8&726 12 *(15,&26 ᤡ '(120,1$&,1 '(/ 352'8&72 ᤡ &/$9( '(/ 352'8&72 &/$9( '( 81,'$' 81,'$' '( 0(','$ 3DU 0LO SDUHV 0LO SDUHV 0LO SDUHV 3DU 3DU 3DU 3DU 0LO SDUHV 0LO SDUHV 0LO SDUHV 0LO SDUHV 0LO SDUHV 0LO SDUHV 1 ,167,7872 1$&,21$/ '( (67$'67,&$ < *(2*5$)$ ',5(&&,1 *(1(5$/ '( (67$'67,&$6 (&210,&$6 &$7/2*2 '( 352'8&726 &21 &/$6,),&$'25 6&,$1 &/$6( )$%5,&$&,1 '( &$/=$'2 &21 &257( '( 7(/$ 7RWDO GH SURGXFWRV 12 ᤢ ᤢ &$/=$'2 &21 68(/$ '( +8/( 1$785$/ < &257( '( $OJRGµQ )LEUDV DUWLILFLDOHV \R VLQW«WLFDV 7HODV SO£VWLFDV \R YLQ¯OLFDV 3LHO \ WHOD 2WUR HVSHFLILFDU &$/=$'2 &21 68(/$ '( +8/( 6,177,&2 < &257( '( $OJRGµQ )LEUDV DUWLILFLDOHV \R VLQW«WLFDV 7HODV SO£VWLFDV \R YLQ¯OLFDV 3LHO \ WHOD 2WUR HVSHFLILFDU 27526 '(6(&+26 < 68%352'8&726 27526 352'8&726 12 *(15,&26 ᤡ '(120,1$&,1 '(/ 352'8&72 ᤡ &/$9( '(/ 352'8&72 &/$9( '( 81,'$' 81,'$' '( 0(','$ 3DU 3DU 3DU 3DU 3DU 0LO SDUHV 0LO SDUHV 0LO SDUHV 0LO SDUHV 0LO SDUHV 1 ,167,7872 1$&,21$/ '( (67$'67,&$ < *(2*5$)$ ',5(&&,1 *(1(5$/ '( (67$'67,&$6 (&210,&$6 &$7/2*2 '( 352'8&726 &21 &/$6,),&$'25 6&,$1 &/$6( )$%5,&$&,1 '( &$/=$'2 '( 3/67,&2 7RWDO GH SURGXFWRV 15 ᤢ ᤢ ᤢ ᤡ &$/=$'2 02/'($'2 (1 3/67,&2 '( 862 &2081 3$5$ &DEDOOHUR 'DPD 1L³RV 2WUR HVSHFLILFDU &$/=$'2 02/'($'2 (1 3/67,&2 3$5$ 862 ,1'8675,$/ =DSDWRV %RWDV &$/=$'2 35,1&,3$/0(17( '( 3/67,&2 6DQGDOLDV 2WUR HVSHFLILFDU 3$57(6 '( 3/67,&2 3$5$ &$/=$'2 7DFRQHV 6XHODV 7DSDV 3ODQWLOODV 2WUDV HVSHFLILFDU 27526 '(6(&+26 < 68%352'8&726 27526 352'8&726 12 *(15,&26 ᤡ '(120,1$&,1 '(/ 352'8&72 ᤡ &/$9( '(/ 352'8&72 &/$9( '( 81,'$' 81,'$' '( 0(','$ 0LO SDUHV 0LO SDUHV 0LO SDUHV 0LO SDUHV 0LO SDUHV 0LO SDUHV 0LO SDUHV 3DU 3DU 3DU 3LH]D 3DU 1 ,167,7872 1$&,21$/ '( (67$'67,&$ < *(2*5$)$ ',5(&&,1 *(1(5$/ '( (67$'67,&$6 (&210,&$6 &$7/2*2 '( 352'8&726 &21 &/$6,),&$'25 6&,$1 &/$6( )$%5,&$&,1 '( %2/626 '( 0$12 0$/(7$6 < 6,0,/$5(6 7RWDO GH SURGXFWRV 31 ᤢ ᤢ ᤢ ᤢ ᤢ ᤢ ᤡ ᤡ ᤡ ᤡ 0$/(7$6 < 6,0,/$5(6 '( &8(52 < 3,(/ 0DOHWDV 3RUWDIROLRV 3RUWDWUDMHV 2WUDV HVSHFLILFDU 0$/(7$6 < 6,0,/$5(6 '( 0$7(5,$/(6 68&('1(26 0DOHWDV 3RUWDIROLRV 2WUDV HVSHFLILFDU %2/626 < 6,0,/$5(6 '( &8(52 2 3,(/ 0RFKLODV 0RQHGHURV %ROVRV GH PDQR 2WURV HVSHFLILFDU %2/626 < 6,0,/$5(6 '( 0$7(5,$/(6 68&('1(26 0RFKLODV 0RQHGHURV %ROVRV GH PDQR 2WURV HVSHFLILFDU 27526 $57&8/26 '( &8(52 2 3,(/ %LOOHWHUDV &DUSHWDV GH HVFULWRULR &DUWHUDV (VWXFKHV )XQGDV SDUD WHO«IRQR FHOXODU &LQWXURQHV 2WURV HVSHFLILFDU 27526 $57&8/26 '( 0$7(5,$/(6 68&('1(26 &DUSHWDV %LOOHWHUDV (VWXFKHV &DUSHWDV GH HVFULWRULR 3RUWDGRFXPHQWRV &LQWXURQHV 2WURV HVSHFLILFDU 27526 '(6(&+26 < 68%352'8&726 27526 352'8&726 12 *(15,&26 ᤡ '(120,1$&,1 '(/ 352'8&72 ᤡ &/$9( '(/ 352'8&72 &/$9( '( 81,'$' 81,'$' '( 0(','$ 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 1 ,167,7872 1$&,21$/ '( (67$'67,&$ < *(2*5$)$ ',5(&&,1 *(1(5$/ '( (67$'67,&$6 (&210,&$6 &$7/2*2 '( 352'8&726 &21 &/$6,),&$'25 6&,$1 &/$6( )$%5,&$&,1 '( 27526 352'8&726 '( &8(52 3,(/ < 0$7(5,$/(6 68&('1(26 7RWDO GH SURGXFWRV 36 ᤢ ᤢ ᤡ ᤡ ᤡ ᤢ ᤢ ᤢ $57&8/26 '( 862 3(5621$/ ',9(5626 '( &8(52 2 3,(/ &LQWXURQHV /ODYHURV (VWXFKHV 3XOVHUD SDUD UHORM 2WURV HVSHFLILFDU $57&8/26 '( 7$/$%$57(5$ &DUSHWD GH HVFULWRULR 3RUWDGRFXPHQWRV 3RUWDREMHWRV )XQGD SDUD WHO«IRQR FHOXODU )XQGDV GH SLHO SDUD PXHEOHV 2WURV HVSHFLILFDU $57&8/26 '( &$032 '( &8(52 2 3,(/ 6LOODV GH PRQWDU /£WLJRV 3DUD PDVFRWDV 2WURV HVSHFLILFDU $57&8/26 '( &8(52 2 3,(/ '( 862 ,1'8675,$/ *XDQWHV LQGXVWULDOHV &HUTXLOORV 3RUWDKHUUDPLHQWDV 6XHODV 0DQGLOHV 3HFKHUDV 2WURV HVSHFLILFDU $57&8/26 ',9(5626 '( 0$7(5,$/(6 68&('1(26 '( &8(52 2 3,(/ &LQWXURQHV &XELHUWDV SDUD YRODQWH &DUSHWDV &DUWHUDV (VWXFKHV 3RUWDGRFXPHQWRV 3ODQWLOODV 3RUWDKHUUDPLHQWDV (WLTXHWDV 7DFRQHV SDUD FDO]DGR 6XHODV 2WURV HVSHFLILFDU 27526 '(6(&+26 < 68%352'8&726 27526 352'8&726 12 *(15,&26 ᤡ '(120,1$&,1 '(/ 352'8&72 ᤡ &/$9( '(/ 352'8&72 &/$9( '( 81,'$' 81,'$' '( 0(','$ 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3DU 0HWUR 3LH]D 3DU 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 0LO SLH]DV 3DU 3LH]D 3LH]D 3DU 3DU 3LH]D 1 ,167,7872 1$&,21$/ '( (67$'67,&$ < *(2*5$)$ ',5(&&,1 *(1(5$/ '( (67$'67,&$6 (&210,&$6 &$7/2*2 '( 352'8&726 &21 &/$6,),&$'25 6&,$1 &/$6( $6(55$'(526 ,17(*5$'26 7RWDO GH SURGXFWRV 19 ᤢ ᤢ ᤢ ᤡ &/$9( '( 81,'$' 0$'(5$6 &20(5&,$/(6 $6(55$'$6 /21*,78',1$/0(17( 3$5$ /$ 9(17$ 'H SLQR 2WUDV HVSHFLILFDU 0$'(5$6 35(&,26$6 $VHUUDGDV ORQJLWXGLQDOPHQWH SDUD OD YHQWD 75,3/$< '( 0$'(5$6 &20(5&,$/(6 3$5$ /$ 9(17$ +DVWD PP GH HVSHVRU 'H P£V GH \ KDVWD PP GH HVSHVRU 2WUDV HVSHFLILFDU 352'8&726 '( $6(55$'(52 3XHUWDV GH PDGHUDV FRPHUFLDOHV 'XHODV \ SDUTXHWV /DPEULQHV &DMDV \ FDMRQHV UHIRU]DGRV &DMDV \ FDMRQHV VLQ UHIRU]DU 7DULPDV 0XHEOHV 5HGRQGRV SDUD HVFREDV 3RVWHV LPSUHJQDGRV 3DUWHV SDUD PXHEOHV 2WURV HVSHFLILFDU 27526 '(6(&+26 < 68%352'8&726 27526 352'8&726 12 *(15,&26 ᤡ '(120,1$&,1 '(/ 352'8&72 ᤡ &/$9( '(/ 352'8&72 81,'$' '( 0(','$ 0HWURu 0HWURu 0HWURu 0LO PWVt 0HWURt 0HWURt 3LH]D 0HWURt 0HWURt 0LO SLH]DV 0LO SLH]DV 3LH]D 3LH]D 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV 1 ,167,7872 1$&,21$/ '( (67$'67,&$ < *(2*5$)$ ',5(&&,1 *(1(5$/ '( (67$'67,&$6 (&210,&$6 &$7/2*2 '( 352'8&726 &21 &/$6,),&$'25 6&,$1 &/$6( $6(55$'2 '( 7$%/$6 < 7$%/21(6 7RWDO GH SURGXFWRV 8 ᤢ ᤢ 7$%/$6 < 7$%/21(6 '( 0$'(5$6 &20(5&,$/(6 $6(55$'$6 /21*,78',1$/0(17( 'H SLQR 'H HQFLQR 'H FHGUR EODQFR 2WUDV HVSHFLILFDU 7$%/$6 < 7$%/21(6 'H PDGHUDV SUHFLRVDV DVHUUDGDV 27526 352'8&726 '( 0$'(5$ 2WURV HVSHFLILFDU 27526 '(6(&+26 < 68%352'8&726 27526 352'8&726 12 *(15,&26 ᤡ '(120,1$&,1 '(/ 352'8&72 ᤡ &/$9( '(/ 352'8&72 &/$9( '( 81,'$' 81,'$' '( 0(','$ 0HWURu 0HWURu 0HWURu 0HWURu 0HWURu 1 ,167,7872 1$&,21$/ '( (67$'67,&$ < *(2*5$)$ ',5(&&,1 *(1(5$/ '( (67$'67,&$6 (&210,&$6 &$7/2*2 '( 352'8&726 &21 &/$6,),&$'25 6&,$1 &/$6( 75$7$0,(172 '( /$ 0$'(5$ < )$%5,&$&,1 '( 3267(6 < '850,(17(6 7RWDO GH SURGXFWRV 14 ᤢ ᤢ ᤢ ᤡ ᤡ ᤡ 0$'(5$6 '( 3,12 ,035(*1$'$6 &21 &UHRVRWD &KDSRSRWH 6XOIDWR GH FREUH 2WURV PDWHULDOHV HVSHFLILFDU 3267(6 '( 0$'(5$ ,035(*1$'26 &21 &UHRVRWD 6XOIDWR GH FREUH 2WURV PDWHULDOHV HVSHFLILFDU 3267(6 '( 0$'(5$ 6LQ LPSUHJQDU '850,(17(6 '( 0$'(5$ ,035(*1$'26 &21 &UHRVRWD 2WURV PDWHULDOHV HVSHFLILFDU '850,(17(6 '( 0$'(5$ 6LQ LPSUHJQDU 27526 352'8&726 '( 0$'(5$ 2WURV HVSHFLILFDU 27526 '(6(&+26 < 68%352'8&726 27526 352'8&726 12 *(15,&26 ᤢ '(120,1$&,1 '(/ 352'8&72 ᤡ &/$9( '(/ 352'8&72 &/$9( '( 81,'$' 81,'$' '( 0(','$ 0HWURu 0HWURu 0HWURu 0HWURu 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 1 ,167,7872 1$&,21$/ '( (67$'67,&$ < *(2*5$)$ ',5(&&,1 *(1(5$/ '( (67$'67,&$6 (&210,&$6 &$7/2*2 '( 352'8&726 &21 &/$6,),&$'25 6&,$1 &/$6( )$%5,&$&,1 '( /$0,1$'26 < $*/87,1$'26 '( 0$'(5$ &/$9( '( 81,'$' 7RWDO GH SURGXFWRV 23 ᤢ ᤢ ᤢ ᤢ ᤢ ᤡ ᤡ ᤡ 75,3/$< '( 3,12 'H KDVWD PP GH HVSHVRU 'H P£V GH KDVWD PP GH HVSHVRU 'H P£V GH PP GH HVSHVRU 75,3/$< '( &('52 <2 &$2%$ 'H KDVWD PP GH HVSHVRU 2WURV HVSHFLILFDU 75,3/$< '( 275$6 0$'(5$6 'H KDVWD PP GH HVSHVRU 2WURV HVSHFLILFDU 7$%/(526 $*/20(5$'26 6,1 5(9(67,5 'H KDVWD PP GH HVSHVRU 'H P£V GH KDVWD PP GH HVSHVRU 'H P£V GH PP GH HVSHVRU 7$%/(526 $*/20(5$'26 5(9(67,'26 &RQ FKDSD \ FRQWUDFKDSD &RQ ODPLQDGR SO£VWLFR &RQ PDGHUDV FRPHUFLDOHV 27526 352'8&726 '( ),%5$6 <2 /0,1$ '( 0$'(5$ 7DEOHURV GH ILEUD GH PDGHUD &KDSD \ O£PLQD GH PDGHUDV GLYHUVDV 27526 352'8&726 '( 0$'(5$ 3XHUWDV 3DUWHV SDUD PXHEOHV HVSHFLILFDU 2WURV HVSHFLILFDU 0$'(5$6 $6(55$'$6 3LQR &DRED 2WUDV HVSHFLILFDU 27526 '(6(&+26 < 68%352'8&726 27526 352'8&726 12 *(15,&26 ᤡ '(120,1$&,1 '(/ 352'8&72 ᤡ &/$9( '(/ 352'8&72 81,'$' '( 0(','$ 0LO PWVt 0HWURt 0HWURt 0HWURt 0HWURt 0HWURt 0HWURt 0LO PWVt 0LO PWVt 0LO PWVt 0LO PWVt 0LO PWVt 0HWURt 0LO PWVt 0LO PWVt 3LH]D 3LH]D 3LH]D 0HWURu 0HWURu 0HWURu 1 ,167,7872 1$&,21$/ '( (67$'67,&$ < *(2*5$)$ ',5(&&,1 *(1(5$/ '( (67$'67,&$6 (&210,&$6 &$7/2*2 '( 352'8&726 &21 &/$6,),&$'25 6&,$1 &/$6( )$%5,&$&,1 '( 352'8&726 '( 0$'(5$ 3$5$ /$ &216758&&,1 &/$9( '( 81,'$' 7RWDO GH SURGXFWRV 32 ᤢ ᤢ ᤢ ᤢ ᤢ ᤡ ᤢ ᤡ ᤡ ᤡ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ᤡ '(120,1$&,1 '(/ 352'8&72 ᤡ &/$9( '(/ 352'8&72 81,'$' '( 0(','$ 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 0HWURt 0HWURt 0HWURt 0HWURt 3LH]D 0HWURt 3LH]D 3LH]D 0HWURu 0HWURt 1 ,167,7872 1$&,21$/ '( (67$'67,&$ < *(2*5$)$ ',5(&&,1 *(1(5$/ '( (67$'67,&$6 (&210,&$6 &$7/2*2 '( 352'8&726 &21 &/$6,),&$'25 6&,$1 &/$6( )$%5,&$&,1 '( 352'8&726 3$5$ (0%$/$-( < (19$6(6 '( 0$'(5$ &/$9( '( 81,'$' 7RWDO GH SURGXFWRV 17 ᤢ ᤢ ᤢ ᤢ ᤢ ᤡ ᤡ ᤡ &$-$6 < &$-21(6 &2081(6 '( 3,12 'H WDEODV GH KDVWD 'H WDEODV GH P£V GH KDVWD 'H WDEODV GH P£V GH &$-$6 < &$-21(6 &2081(6 'H RWUDV PDGHUDV &$-$6 < &$-21(6 5()25=$'26 &RQ PDOOD DODPEUH &RQ RWURV UHIXHU]RV HVSHFLILFDU +8$&$/(6 '( 0$'(5$ (VW£QGDU FP 'H RWUR WLSR HVSHFLILFDU 7$5,0$6 '( 0$'(5$ 'H HQFLQR 'H SLQR 'H R\DPHO 'H RWUDV HVSHFLILFDU 27526 (19$6(6 < &217(1('25(6 '( 0$'(5$ +LHOHUDV &DMDV SDUD EDIOHV 2WURV HVSHFLILFDU 27526 '(6(&+26 < 68%352'8&726 27526 352'8&726 12 *(15,&26 ᤡ '(120,1$&,1 '(/ 352'8&72 ᤡ &/$9( '(/ 352'8&72 81,'$' '( 0(','$ 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 1 ,167,7872 1$&,21$/ '( (67$'67,&$ < *(2*5$)$ ',5(&&,1 *(1(5$/ '( (67$'67,&$6 (&210,&$6 &$7/2*2 '( 352'8&726 &21 &/$6,),&$'25 6&,$1 &/$6( )$%5,&$&,1 '( 352'8&726 '( 0$'(5$ '( 862 ,1'8675,$/ 7RWDO GH SURGXFWRV 11 ᤢ ᤢ ᤢ ᤡ 0$1*26 < 6,0,/$5(6 5HGRQGRV SDUD HVFREDV 3DUD KHUUDPLHQWDV 2WURV HVSHFLILFDU 27526 $57&8/26 '( 862 ,1'8675,$/ &DUUHWHV 7DULPDV 2WURV HVSHFLILFDU 27526 $57&8/26 '( 0$'(5$ $EDWHOHQJXDV ([KLELGRUHV 2WURV HVSHFLILFDU 27526 '(6(&+26 < 68%352'8&726 27526 352'8&726 12 *(15,&26 ᤡ '(120,1$&,1 '(/ 352'8&72 ᤡ &/$9( '(/ 352'8&72 &/$9( '( 81,'$' 81,'$' '( 0(','$ 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV 3LH]D 0LO SLH]DV 3LH]D 3LH]D 1 ,167,7872 1$&,21$/ '( (67$'67,&$ < *(2*5$)$ ',5(&&,1 *(1(5$/ '( (67$'67,&$6 (&210,&$6 &$7/2*2 '( 352'8&726 &21 &/$6,),&$'25 6&,$1 &/$6( )$%5,&$&,1 '( 3$3(/ $ 3$57,5 '( 38/3$ ᤢ ᤢ ᤢ ᤢ ᤡ ᤢ ᤢ ᤡ ᤡ ᤡ 3$3(/(6 3$5$ (6&5,785$ ( ,035(6,1 $«UHR %RQG 3DUD OLEUR GH WH[WR 3HULµGLFR &DUWXOLQD &RSLD 2WURV HVSHFLILFDU 3$3(/ .5$)7 < 6(0,.5$)7 3$5$ (03$48( < (0%$/$-( &RUUXJDGR /LQHU SDUD FDMDV 3DUD VDFRV \ EROVDV 3DUD HQYROWXUD &DUWRQFLOOR 0«GLXP (VWUD]D 3DUD RWURV XVRV HVSHFLILFDU 3$3(/(6 +,*,1,&26 )$&,$/(6 < 6,0,/$5(6 )DFLDO +LJL«QLFR 3DUD VHUYLOOHWDV 7RDOODV WLVVXH 7RDOODV VHPLNUDIW 2WURV HVSHFLILFDU 3$3(/(6 (63(&,$/(6 &KLQD *ODVVLQH 3DUD FLJDUULOORV +HOLRJU£ILFR 0DQLOD 2WURV HVSHFLILFDU 352'8&726 '( 3$3(/ &XDGHUQRV 2WURV HVSHFLILFDU &(/8/26$ 480,&$ '( 0$'(5$ $O VXOIDWR GH ILEUD FRUWD SDUD XVR SURSLR $O VXOIDWR GH ILEUD FRUWD SDUD OD YHQWD $O VXOIDWR GH ILEUD ODUJD SDUD XVR 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2WURV HVSHFLILFDU ,03(50($%,/,=$17(6 6LQW«WLFRV 0LQHUDOHV 2WURV HVSHFLILFDU 27526 '(6(&+26 < 68%352'8&726 27526 352'8&726 12 *(15,&26 ᤡ '(120,1$&,1 '(/ 352'8&72 ᤡ &/$9( '(/ 352'8&72 &/$9( '( 81,'$' 81,'$' '( 0(','$ .LORJUDPR /LWUR /LWUR 7RQHODGD 7RQHODGD 1 ,167,7872 1$&,21$/ '( (67$'67,&$ < *(2*5$)$ ',5(&&,1 *(1(5$/ '( (67$'67,&$6 (&210,&$6 &$7/2*2 '( 352'8&726 &21 &/$6,),&$'25 6&,$1 &/$6( )$%5,&$&,1 '( $'+(6,926 7RWDO GH SURGXFWRV 30 ᤢ ᤢ ᤢ ᤢ ᤢ ᤢ ᤢ ᤢ ᤡ ᤡ ᤡ ᤡ ᤡ ᤡ $'+(6,926 < 3(*$0(1726 $ %$6( '( 5(6,1$6 6,177,&$6 '( $FHWDWR GH SROLYLQLOR SYD &LDQRDFULODWRV (Sµ[LFDV 3ROLXUHWDQRV 6LOLFRQHV 8UHDIRUPDOGHKLGR 2WURV HVSHFLILFDU $'+(6,926 < 3(*$0(1726 $ %$6( '( +8/(6 6,177,&26 '( 3ROLFORURSUHQRV 7HUPRIXVLEOHV 2WURV HVSHFLILFDU $'+(6,926 1$785$/(6 $ %$6( '( 'H[WULQDV &DVH¯QDV $VIDOWR 2WURV HVSHFLILFDU $35(6726 3$5$ 3URGXFWRV WH[WLOHV &XHURV \ SLHOHV 2WURV XVRV HVSHFLILFDU ,03(50($%,/,=$17(6 6LQW«WLFRV 0LQHUDOHV 2WURV HVSHFLILFDU $',7,926 3$5$ &21&5(72 $GLWLYRV SDUD FRQFUHWR 6(//$'25(6 < 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&2607,&26 3(5)80(6 < 275$6 35(3$5$&,21(6 '( 72&$'25 &/$9( '( 81,'$' ᤢ ᤢ ᤢ ᤢ ᤢ ᤢ ᤡ ᤡ ᤡ ᤡ ᤢ ᤡ 3(5)80(6 /2&,21(6 < 6,0,/$5(6 $JXD GH FRORQLD /RFLRQHV 3HUIXPHV &UHPDV \ OHFKHV GH WRFDGRU LQFOXVR PDVFDULOODV IDFLDOHV &UHPDV \ OHFKHV GH WRFDGRU SDUD ODV PDQRV \ FXHUSR &UHPDV \ OHFKHV GH WRFDGRU GH RWUR WLSR HVSHFLILFDU &2607,&26 3$5$ (/ &$%(//2 6KDPSRR \ HQMXDJXHV DFRQGLFLRQDGRUHV 7LQWHV \ GHFRORUDQWHV )LMDGRUHV 2WURV HVSHFLILFDU &2607,&26 3$5$ 0$48,//$-( %DVHV \ SROYRV /£SLFHV ODELDOHV 'HOLQHDGRUHV 6RPEUDV SDUD S£USDGRV 5¯PHO 2WURV HVSHFLILFDU '(62'25$17(6 < $17,75$163,5$17(6 /¯TXLGRV HQ DHURVRO 6µOLGRV 5ROORQ 'H RWUR WLSR HVSHFLILFDU 352'8&726 3$5$ 75$7$0,(172 &$3,/$5 $FHLWHV &UHPDV 2WURV HVSHFLILFDU 27526 &2607,&26 < 352'8&726 '( 72&$'25 $FHLWHV EURQFHDGRUHV $FHLWHV SDUD OLPSLH]D IDFLDO &UHPDV SDUD DIHLWDU (VPDOWHV \ HQGXUHFHGRUHV GH X³DV -DERQHV GH WRFDGRU 4XLWDHVPDOWHV &HUDV GHSLODGRUDV 7DOFR SHUIXPDGR 2WURV HVSHFLILFDU 27526 352'8&726 &HSLOORV GHQWDOHV &HSLOORV SDUD HO FDEHOOR %DQGDV 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0LO PWVt 0LO PWVt 0LO PWVt 0LO PWVt 0LO PWVt 0LO SLH]DV .LORJUDPR ,167,7872 1$&,21$/ '( (67$'67,&$ < *(2*5$)$ ',5(&&,1 *(1(5$/ '( (67$'67,&$6 (&210,&$6 &$7/2*2 '( 352'8&726 &21 &/$6,),&$'25 6&,$1 1 &/$6( )$%5,&$&,1 '( 27526 352'8&726 480,&26 ᤢ ᤢ ᤢ ᤢ ᤢ ᤢ ᤢ ᤢ ᤢ ᤡ ᤡ ᤡ ᤡ ᤡ ᤡ ᤡ $&(,7(6 < /8%5,&$17(6 (63(&,$/(6 $FHLWHV W«FQLFRV LQGXVWULDOHV /XEULFDQWHV 2WURV HVSHFLILFDU $&(,7(6 (6(1&,$/(6 '( &75,&26 'H OLPµQ FHQWULIXJDGR 'H OLPµ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ᤡ '(120,1$&,1 '(/ 352'8&72 ᤡ &/$9( '(/ 352'8&72 &/$9( '( 81,'$' 81,'$' '( 0(','$ .LORJUDPR .LORJUDPR .LORJUDPR .LORJUDPR .LORJUDPR .LORJUDPR 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD .LORJUDPR .LORJUDPR .LORJUDPR .LORJUDPR 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 0LO OLWURV 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD .LORJUDPR .LORJUDPR .LORJUDPR .LORJUDPR 0LO OLWURV 0LO OLWURV 0LO OLWURV 0LO OLWURV ,167,7872 1$&,21$/ '( (67$'67,&$ < *(2*5$)$ ',5(&&,1 *(1(5$/ '( (67$'67,&$6 (&210,&$6 &$7/2*2 '( 352'8&726 &21 &/$6,),&$'25 6&,$1 1 &/$6( )$%5,&$&,1 '( 27526 352'8&726 480,&26 7RWDO GH SURGXFWRV 62 ᤢ ᤢ ᤢ ᤢ ᤢ ᤢ ᤢ ᤡ ᤡ ᤡ ᤡ ᤡ 7,17$6 3DUD HVFULWXUD \ GLEXMR 3DUD FDO]DGR 7µQHU WLQWD HQ SROYR 2WUDV HVSHFLILFDU 27526 352'8&726 '( 862 ,1'8675,$/ $OFRKROHV GLYHUVRV $SUHVWRV \ VXDYL]DQWHV WH[WLOHV 3URGXFWRV SDUD WUDWDPLHQWR GH DJXDV &DUEµQ DFWLYDGR 2WURV HVSHFLILFDU 27526 352'8&726 480,&26 &HUDV ,QVHFWLFLGDV 'HVRGRUDQWHV 'HWHUJHQWHV 'HVWDSDFD³RV /LPSLDGRUHV 'HVPROGDQWHV 2WURV HVSHFLILFDU 9$6(/,1$ /¯TXLGD DURPDWL]DGD 6µOLGD DURPDWL]DGD 2WUDV HVSHFLILFDU )8(*26 $57,),&,$/(6 %HQJDODV 2WURV HVSHFLILFDU 68%352'8&726 -XJRV GH F¯WULFRV 3DVWD GH FRFR 5HVLGXRV YHJHWDOHV 2WURV HVSHFLILFDU 27526 '(6(&+26 < 68%352'8&726 27526 352'8&726 12 *(15,&26 ᤡ '(120,1$&,1 '(/ 352'8&72 ᤡ &/$9( '(/ 352'8&72 &/$9( '( 81,'$' 81,'$' '( 0(','$ 0LO OLWURV 0LO OLWURV .LORJUDPR /LWUR 7RQHODGD .LORJUDPR .LORJUDPR .LORJUDPR 3LH]D 0LO SLH]DV .LORJUDPR .LORJUDPR .LORJUDPR 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 0LO SLH]DV 0LO SLH]DV 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 1 ,167,7872 1$&,21$/ '( (67$'67,&$ < *(2*5$)$ ',5(&&,1 *(1(5$/ '( (67$'67,&$6 (&210,&$6 &$7/2*2 '( 352'8&726 &21/$6,),&$'25 6&,$1 &/$6( )$%5,&$&,1 '( %2/6$6 < 3(/&8/$6 '( 3/67,&2 )/(;,%/( &/$9( '( 81,'$' ᤢ ᤢ ᤢ ᤢ ᤢ ᤢ ᤢ ᤢ ᤡ ᤢ ᤢ ᤡ ᤡ ᤡ ᤢ ᤡ ᤡ ᤡ ᤡ ᤡ %2/6$6 < 6$&26 '( 32/,(7,/(12 6,1 ,035(6,1 %ROVDV 6DFRV \ FRVWDOHV 2WURV HVSHFLILFDU %2/6$6 < 6$&26 '( 32/,(7,/(12 ,035(626 %ROVDV 6DFRV \ FRVWDOHV 2WURV HVSHFLILFDU 3(/&8/$6 78%8/$5(6 '( 32/,(7,/(12 (1 52//2 3DUD EROVDV 3DUD HPEXWLGRV 3DUD RWURV XVRV HVSHFLILFDU 3(/&8/$6 3/$1$6 '( 32/,(7,/(12 (Q KRMDV (Q UROOR (Q RWUDV IRUPDV HVSHFLILFDU %2/6$6 < 6$&26 '( 32/,3523,/(12 6,1 ,035(6,1 %ROVDV 6DFRV \ FRVWDOHV 2WURV HVSHFLILFDU %2/6$6 < 6$&26 '( 32/,3523,/(12 ,035(626 %ROVDV 6DFRV \ FRVWDOHV 2WURV HVSHFLILFDU 3(/&8/$6 78%8/$5(6 '( 32/,3523,/(12 (1 52//2 3DUD EROVDV 3DUD RWURV XVRV HVSHFLILFDU 3(/&8/$6 3/$1$6 '( 32/,3523,/(12 (Q KRMDV (Q UROOR (Q RWUDV IRUPDV HVSHFLILFDU 27526 352'8&726 )RUURV SDUD FXDGHUQRV 'H SROLHWLOHQR 'H SROLSURSLOHQR (QYROWXUDV YLQ¯OLFDV %ROVDV GH FHORI£Q 'H RWURV PDWHULDOHV SO£VWLFRV HVSHFLILFDU 3(/&8/$6 9,1/,&$6 39& &RQ VRSRUWH 6LQ VRSRUWH 2WUDV HVSHFLILFDU 3(/&8/$6 7(/$6 < +2-$6 3/67,&$6 ᤡ '(120,1$&,1 '(/ 352'8&72 ᤡ &/$9( '(/ 352'8&72 81,'$' '( 0(','$ 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 0LO SLH]DV 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD ,167,7872 1$&,21$/ '( (67$'67,&$ < *(2*5$)$ ',5(&&,1 *(1(5$/ '( (67$'67,&$6 (&210,&$6 &$7/2*2 '( 352'8&726 &21 &/$6,),&$'25 6&,$1 1 &/$6( )$%5,&$&,1 '( %2/6$6 < 3(/&8/$6 '( 3/67,&2 )/(;,%/( 7RWDO GH SURGXFWRV 40 ᤢ ᤢ 6LQ VRSRUWH WH[WLO 3HO¯FXODV 7HODV 2WUDV HVSHFLILFDU 3$57(6 < 3,(=$6 '( 39& 3DUD XVR LQGXVWULDO 3DUD RWURV XVRV HVSHFLILFDU 27526 '(6(&+26 < 68%352'8&726 27526 352'8&726 12 *(15,&26 ᤡ '(120,1$&,1 '(/ 352'8&72 ᤡ &/$9( '(/ 352'8&72 &/$9( '( 81,'$' 81,'$' '( 0(','$ 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 0LO SLH]DV ,167,7872 1$&,21$/ '( (67$'67,&$ < *(2*5$)$ ',5(&&,1 *(1(5$/ '( (67$'67,&$6 (&210,&$6 &$7/2*2 '( 352'8&726 &21 &/$6,),&$'25 6&,$1 1 &/$6( )$%5,&$&,1 '( 78%(5$ < &21(;,21(6 < 78%26 3$5$ (0%$/$-( 7RWDO GH SURGXFWRV 17 ᤢ ᤢ ᤢ ᤢ ᤢ ᤢ ᤢ ᤢ ᤡ ᤡ ᤡ ᤡ ᤡ ᤡ 3(5),/(6 'H FORUXUR GH SROLYLQLOR SYF 'H SROLHWLOHQR 'H RWUDV UHVLQDV HVSHFLILFDU 78%(5$6 'H FORUXUR GH SROLYLQLOR SYF 'H SROLHWLOHQR 'H RWUDV UHVLQDV HVSHFLILFDU &21(;,21(6 'H FORUXUR GH SROLYLQLOR SYF 'H SROLHWLOHQR 'H SROLSURSLOHQR 'H RWUDV UHVLQDV HVSHFLILFDU 27526 352'8&726 0DQJXHUDV GH XVR DJU¯FROD 0DQJXHUDV GH XVR LQGXVWULDO /DPLQDGRV 2WURV HVSHFLILFDU 27526 352'8&726 '( 3/67,&2 2WURV HVSHFLILFDU 27526 '(6(&+26 < 68%352'8&726 27526 352'8&726 12 *(15,&26 ᤡ '(120,1$&,1 '(/ 352'8&72 ᤡ &/$9( '(/ 352'8&72 &/$9( '( 81,'$' 81,'$' '( 0(','$ 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD ,167,7872 1$&,21$/ '( (67$'67,&$ < *(2*5$)$ ',5(&&,1 *(1(5$/ '( (67$'67,&$6 (&210,&$6 &$7/2*2 '( 352'8&726 &21 &/$6,),&$'25 6&,$1 1 &/$6( )$%5,&$&,1 '( /$0,1$'26 '( 3/67,&2 5*,'2 7RWDO GH SURGXFWRV 16 ᤢ ᤢ ᤢ ᤢ ᤢ ᤡ ᤡ ᤡ /$0,1$'26 '(&25$7,926 &RQ VXSHUILFLH SODQD &RQ VXSHUILFLH WH[WXUL]DGD 2WURV HVSHFLILFDU /$0,1$'26 3/67,&26 '( 862 ,1'8675,$/ 'H DOWD SUHVLµQ 'H EDMD SUHVLµQ 2WURV HVSHFLILFDU /$0,1$'26 3/67,&26 3$5$ 8626 ',9(5626 $FU¯OLFRV 'H HVSXPD GH SROLXUHWDQR 'H SROL«VWHU 2WURV HVSHFLILFDU '2026 75$*$/8&(6 < 6,0,/$5(6 'RPRV 2WURV HVSHFLILFDU 27526 $57&8/26 '( 3/67,&2 0ROGHDGRV DFU¯OLFRV SDUD DQXQFLR 2WURV HVSHFLILFDU 27526 '(6(&+26 < 68%352'8&726 27526 352'8&726 12 *(15,&26 ᤡ '(120,1$&,1 '(/ 352'8&72 ᤡ &/$9( '(/ 352'8&72 &/$9( '( 81,'$' 81,'$' '( 0(','$ 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD ,167,7872 1$&,21$/ '( (67$'67,&$ < *(2*5$)$ ',5(&&,1 *(1(5$/ '( (67$'67,&$6 (&210,&$6 &$7/2*2 '( 352'8&726 &21 &/$6,),&$'25 6&,$1 1 &/$6( )$%5,&$&,1 '( (6380$6 < 352'8&726 '( 32/,(67,5(12 &/$9( '( 81,'$' 7RWDO GH SURGXFWRV 26 ᤢ ᤢ ᤢ ᤢ ᤡ ᤢ ᤢ ᤡ ᤡ ᤡ $57&8/26 '( 862 '2067,&2 9DVRV 3ODWRV +LHOHUDV )LJXUDV &KDURODV &RQWHQHGRUHV (QYDVHV 2WURV HVSHFLILFDU $57&8/26 3$5$ /$ ,1'8675,$ '( /$ &216758&&,1 &DVHWRQHV 3DQHOHV SDUD PXURV \ WHFKRV %ORTXHV SDUD UHOOHQR 2WURV HVSHFLILFDU $57&8/26 3$5$ 275$6 ,1'8675,$6 $LVODQWHV W«UPLFRV $LVODQWHV DF¼VWLFRV 7DEOHURV 2WURV HVSHFLILFDU $57&8/26 3$5$ (03$48( < (0%$/$-( %ORTXHV &DMDV )OHMHV /£PLQDV 7DSDV \ WDSRQHV 2WURV HVSHFLILFDU $&&(625,26 < 3$57(6 3$5$ 275$6 ,1'8675,$6 3DUD RWUDV LQGXVWULDV HVSHFLILFDU $57&8/26 3$5$ 27526 8626 ,1'8675,$/(6 2WURV SURGXFWRV GH SO£VWLFR HVSHFLILFDU 27526 '(6(&+26 < 68%352'8&726 27526 352'8&726 12 *(15,&26 ᤡ '(120,1$&,1 '(/ 352'8&72 ᤡ &/$9( '(/ 352'8&72 81,'$' '( 0(','$ 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV 0HWURu 0HWURt 7RQHODGD .LORJUDPR .LORJUDPR 0LO SLH]DV 7RQHODGD 0LO SLH]DV 7RQHODGD 7RQHODGD 7RQHODGD ,167,7872 1$&,21$/ '( (67$'67,&$ < *(2*5$)$ ',5(&&,1 *(1(5$/ '( & (67$'67,&$6 (&210,&$6 &$7/2*2 '( 352'8&726 &21 &/$6,),&$'25 6&,$1 1 &/$6( )$%5,&$&,1 '( (6380$6 < 352'8&726 '( 85(7$12 7RWDO GH SURGXFWRV 21 ᤢ ᤢ (6380$6 85(7$1,&$6 )/(;,%/(6 (Q EORFNV (Q RWUDV IRUPDV (6380$6 85(7$1,&$6 6(0,5*,'$6 (Q EORFNV (Q RWUDV IRUPDV (6380$6 85(7$1,&$6 5*,'$6 (Q EORFNV (Q RWUDV IRUPDV $&&(625,26 < 3$57(6 '( (6380$6 85(7$1,&$6 3$5$ /$ ,1'8675,$ $VLHQWRV )RUUR SDUD WROGRV )RUUR SDUD SXHUWDV 2WURV HVSHFLILFDU 27526 352'8&726 '( (6380$6 85(7$1,&$6 3DUD DFRMLQDPLHQWRV FRPXQHV 3DUD DLVODPLHQWRV W«UPLFRV 3DUD DLVODPLHQWRV DF¼VWLFRV 3DUD ERWHV \ ODQFKDV %DMR DOIRPEUDV 3DUD HPSDTXHV 3DUD IRUURV 3DUD MXJXHWHV 2WURV HVSHFLILFDU 27526 '(6(&+26 < 68%352'8&726 27526 352'8&726 12 *(15,&26 ᤡ '(120,1$&,1 '(/ 352'8&72 ᤡ &/$9( '(/ 352'8&72 &/$9( '( 81,'$' 81,'$' '( 0(','$ 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 0LO SLH]DV 3LH]D 3LH]D 3LH]D 7RQHODGD 7RQHODGD 0LO SLH]DV 7RQHODGD 7RQHODGD 0LO SLH]DV .LORJUDPR 7RQHODGD ,167,7872 1$&,21$/ '( (67$'67,&$ < *(2*5$)$ ',5(&&,1 *(1(5$/ '( (67$'67,&$6 (&210,&$6 &$7/2*2 '( 352'8&726 &21 &/$6,),&$'25 6&,$1 1 &/$6( )$%5,&$&,1 '( %27(//$6 '( 3/67,&2 7RWDO GH SURGXFWRV 20 ᤢ ᤢ ᤢ ᤡ )5$6&26 < %27(//$6 'H KDVWD OLWUR 'H P£V GH KDVWD OLWUR 'H P£V GH KDVWD OLWUR 'H P£V GH KDVWD OLWUR 'H P£V GH KDVWD OLWURV %27(//21(6 < 6,0,/$5(6 'H P£V GH KDVWD OLWURV 'H P£V GH KDVWD OLWURV 'H P£V GH KDVWD OLWURV 'H P£V GH OLWURV 2WURV HVSHFLILFDU 35()250$6 3DUD ERWHOODV 2WUDV HVSHFLILFDU 27526 (19$6(6 < $&&(625,26 &DMDV (VWXFKHV 7DSDV \ WDSRQHV %LEHURQHV &XEHWDV 2WURV HVSHFLILFDU 27526 '(6(&+26 < 68%352'8&726 27526 352'8&726 12 *(15,&26 ᤡ '(120,1$&,1 '(/ 352'8&72 ᤡ &/$9( '(/ 352'8&72 &/$9( '( 81,'$' 81,'$' '( 0(','$ 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV ,167,7872 1$&,21$/ '( (67$'67,&$ < *(2*5$)$ ',5(&&,1 *(1(5$/ '( (67$'67,&$6 (&210,&$6 &$7/2*2 '( 352'8&726 &21 &/$6,),&$'25 6&,$1 1 &/$6( )$%5,&$&,1 '( 352'8&726 '( 3/67,&2 3$5$ (/ +2*$5 &21 < 6,1 5()25=$0,(172 ᤢ ᤢ ᤢ ᤢ ᤢ ᤢ ᤡ ᤡ ᤡ ᤡ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³R 2WURV HVSHFLILFDU 08(%/(6 '( 3/67,&2 6,1 5()25=$5 0HVDV 6LOODV 3RUWDJDUUDIRQHV 2WURV HVSHFLILFDU 27526 $57&8/26 '( 3/67,&2 (QYDVHV ᤡ '(120,1$&,1 '(/ 352'8&72 ᤡ &/$9( '(/ 352'8&72 &/$9( '( 81,'$' 81,'$' '( 0(','$ 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV 7RQHODGD 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV 3LH]D 3LH]D 0LO SLH]DV 3LH]D 0LO SLH]DV 3LH]D 3LH]D 0LO SLH]DV 3LH]D 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV 3LH]D 0LO SLH]DV 0LO SLH]DV 3LH]D 3LH]D 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV ,167,7872 1$&,21$/ '( (67$'67,&$ < *(2*5$)$ ',5(&&,1 *(1(5$/ '( (67$'67,&$6 (&210,&$6 &$7/2*2 '( 352'8&726 &21 &/$6,),&$'25 6&,$1 1 &/$6( )$%5,&$&,1 '( 352'8&726 '( 3/67,&2 3$5$ (/ +2*$5 &21 < 6,1 5()25=$0,(172 7RWDO GH SURGXFWRV 45 ᤢ ᤢ &DMDV %ROVDV 2WURV HVSHFLILFDU 0$17(/(6 &$53(7$6 < 6,0,/$5(6 &DUSHWDV VHPLHQFDMH 0DQWHOHV LQGLYLGXDOHV &RUWLQDV 2WURV HVSHFLILFDU 27526 '(6(&+26 < 68%352'8&726 27526 352'8&726 12 *(15,&26 ᤡ '(120,1$&,1 '(/ 352'8&72 ᤡ &/$9( '(/ 352'8&72 &/$9( '( 81,'$' 81,'$' '( 0(','$ 0LO SLH]DV 7RQHODGD 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D ,167,7872 1$&,21$/ '( (67$'67,&$ < *(2*5$)$ ',5(&&,1 *(1(5$/ '( (67$'67,&$6 (&210,&$6 &$7/2*2 '( 352'8&726 &21 &/$6,),&$'25 6&,$1 1 &/$6( )$%5,&$&,1 '( $8723$57(6 '( 3/67,&2 &21 < 6,1 5()25=$0,(172 7RWDO GH SURGXFWRV 28 ᤢ ᤢ $57&8/26 < 3$57(6 3$5$ /$ ,1'8675,$ $8720275,= $LVODQWHV $VLHQWRV %DVH SDUD HVSHMRV %LVHOHV &DSXFKRQHV &DODYHUDV &RQWUDSXHUWD &RQVRODV 'HIHQVDV 'HSµVLWRV 'LUHFFLRQDOHV ([WHQVLµQ GH GHIHQVDV *XDQWHUDV /£PSDUDV /RGHUDV 0DQLMDV 0ROGXUDV 3DQHOHV 3DUULOODV 7DEOHURV 7DQTXHV GH JDVROLQD 7DSHWHV 7ROGRV 3LH]DV FRPSOHPHQWDULDV SDUD OD LQGXVWULD DXWRPRWUL] 2WURV 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LGHQWLILFDFLµQ *DQFKRV SDUD URSD %RWRQHV 3ODVWLIOHFKDV ([KLELGRUHV 2WURV HVSHFLILFDU $57&8/26 3/$67,),&$'26 'H SDSHO 'H FDUWµQ 'H PHWDO 2WURV HVSHFLILFDU 3,(=$6 < 3$57(6 '( 3/67,&2 *DOYDQRSODVWLD VREUH SO£VWLFR 2WUDV HVSHFLILFDU 5('(6 < 0$//$6 3$5$ 3HVFD 8VR LQGXVWULDO +RUWLFXOWXUD \ IORULFXOWXUD ,QVWDODFLRQHV GHSRUWLYDV 8VR DXWRPRWUL] 2WURV HVSHFLILFDU 27526 '(6(&+26 < 68%352'8&726 27526 352'8&726 12 *(15,&26 ᤡ '(120,1$&,1 '(/ 352'8&72 ᤡ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ᤢ ᤢ ᤢ ᤡ ᤢ ᤡ //$17$6 1(807,&$6 3$5$ $87209,/(6 &RQYHQFLRQDOHV 5DGLDOHV 5DGLDOHV FRQ FLQWXUµQ GH DFHUR 2WUDV HVSHFLILFDU //$17$6 1(807,&$6 3$5$ &$0,21(6 &RQYHQFLRQDOHV 5DGLDOHV 3HVDGDV //$17$6 1(807,&$6 3$5$ &$0,21(7$6 &RQYHQFLRQDOHV 5DGLDOHV 5DGLDOHV FRQ FLQWXUµQ GH DFHUR //$17$6 1(807,&$6 3$5$ 27526 8626 3DUD ELFLFOHWDV 3DUD PRWRFLFOHWDV 3DUD WUDFWRUHV \ PDTXLQDULD DJU¯FROD 2WUDV HVSHFLILFDU &0$5$6 1(807,&$6 3DUD ELFLFOHWDV 3DUD PRWRFLFOHWDV 3DUD DXWRPµYLOHV 3DUD FDPLRQHV 3DUD RWURV XVRV HVSHFLILFDU 27526 352'8&726 '( +8/( &RUEDWDV %DQGDV GH URGDGXUD 0DWHULDO SDUD YXOFDQL]DFLµQ /ODQWDV VHPLQHXP£WLFDV 2WURV HVSHFLILFDU 27526 '(6(&+26 < 68%352'8&726 27526 352'8&726 12 *(15,&26 ᤡ '(120,1$&,1 '(/ 352'8&72 ᤡ &/$9( '(/ 352'8&72 &/$9( '( 81,'$' 81,'$' '( 0(','$ 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV 3LH]D 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV 3LH]D 7RQHODGD 7RQHODGD 7RQHODGD 0LO SLH]DV .LORJUDPR ,167,7872 1$&,21$/ '( (67$'67,&$ < 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HVSHFLILFDU 27526 $57&8/26 '( 3/67,&2 3DUD XVR GRP«VWLFR HVSHFLILFDU 2WURV HVSHFLILFDU 27526 '(6(&+26 < 68%352'8&726 27526 352'8&726 12 *(15,&26 ᤡ '(120,1$&,1 '(/ 352'8&72 ᤡ &/$9( '(/ 352'8&72 81,'$' '( 0(','$ 0LO SLH]DV 7RQHODGD 0HWUR 0HWUR 0HWUR 0HWUR 0HWUR 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV 0HWUR 0HWUR .LORJUDPR .LORJUDPR 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 0LO SLH]DV 7RQHODGD 0LO SLH]DV ,167,7872 1$&,21$/ '( (67$'67,&$ < *(2*5$)$ ',5(&&,1 *(1(5$/ '( (67$'67,&$6 (&210,&$6 &$7/2*2 '( 352'8&726 &21 &/$6,),&$'25 6&,$1 1 &/$6( )$%5,&$&,1 '( 27526 352'8&726 '( +8/( 7RWDO GH SURGXFWRV 30 ᤢ ᤢ ᤢ ᤢ ᤢ ᤡ ᤡ ᤡ $57&8/26 '( +8/( '( 862 '2067,&2 *ORERV *XDQWHV GH OLPSLH]D 7DSHWHV 2WURV HVSHFLILFDU $57&8/26 '( 862 ,1'8675,$/ &RQH[LRQHV (PSDTXHV /£PLQDV /LJDV 5RGLOORV 7DFRQHV SDUD FDO]DGR 7DSDV \ WDSRQHV 6XHODV 2WURV HVSHFLILFDU $57&8/26 3$5$ /$ ,1'8675,$ $8720275,= (PSDTXHV *RPDV SDUD VXVSHQVLµQ 3DVLOORV 3HUILOHV 6HOORV 9£OYXODV SDUD OODQWDV 0DQJXHUDV 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68%352'8&726 27526 352'8&726 12 *(15,&26 ᤡ '(120,1$&,1 '(/ 352'8&72 ᤡ &/$9( '(/ 352'8&72 &/$9( '( 81,'$' 81,'$' '( 0(','$ 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV ,167,7872 1$&,21$/ '( (67$'67,&$ < *(2*5$)$ ',5(&&,1 *(1(5$/ '( (67$'67,&$6 (&210,&$6 &$7/2*2 '( 352'8&726 &21 &/$6,),&$'25 6&,$1 1 &/$6( )$%5,&$&,1 '( $=8/(-26 < /26(7$6 12 5()5$&7$5,$6 7RWDO GH SURGXFWRV 16 ᤢ ᤢ ᤢ ᤢ ᤡ ᤡ $=8/(-26 %ODQFRV VLQ GHFRUDU 'H FRORU VLQ GHFRUDU 'HFRUDGRV 'H RWUR WLSR HVSHFLILFDU /26(7$6 &(50,&$6 6LQ GHFRUDU 'HFRUDGDV 7H[WXUL]DGDV 2WUDV HVSHFLILFDU %$/'26$6 &(50,&$6 'HFRUDGDV /LVDV 7H[WXUL]DGDV 2WUDV HVSHFLILFDU 27526 352'8&726 '( /2=$ 2 &(50,&$ *XDUQLFLRQHV 2WURV HVSHFLILFDU 27526 '(6(&+26 < 68%352'8&726 27526 352'8&726 12 *(15,&26 ᤡ '(120,1$&,1 '(/ 352'8&72 ᤡ &/$9( '(/ 352'8&72 &/$9( '( 81,'$' 81,'$' '( 0(','$ 0LO PWVt 0LO PWVt 0LO PWVt 0HWURt 0HWURt 0HWURt 0HWURt 0HWURt 0HWURt 3LH]D ,167,7872 1$&,21$/ '( (67$'67,&$ < *(2*5$)$ ',5(&&,1 *(1(5$/ '( (67$'67,&$6 (&210,&$6 &$7/2*2 '( 352'8&726 &21 &/$6,),&$'25 6&,$1 1 &/$6( )$%5,&$&,1 '( 352'8&726 5()5$&7$5,26 7RWDO GH SURGXFWRV 17 ᤢ ᤢ /$'5,//26 5()5$&7$5,26 FLGRV %£VLFRV 1HXWURV 2WURV HVSHFLILFDU 27526 352'8&726 5()5$&7$5,26 &HPHQWR 0RUWHUR 6RSRUWHV &RQFUHWR /RVDV 7HMDV 3ODFDV GHVOL]DQWHV $LVODQWH GH XVR HO«FWULFR &ULVROHV %RTXLOODV 2WURV HVSHFLILFDU 27526 '(6(&+26 < 68%352'8&726 27526 352'8&726 12 *(15,&26 ᤡ '(120,1$&,1 '(/ 352'8&72 ᤡ &/$9( '(/ 352'8&72 &/$9( '( 81,'$' 81,'$' '( 0(','$ 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 0HWURu 0HWURt 0LO SLH]DV 3LH]D 0LO SLH]DV 3LH]D 3LH]D ,167,7872 1$&,21$/ '( (67$'67,&$ < *(2*5$)$ ',5(&&,1 *(1(5$/ '( (67$'67,&$6 (&210,&$6 &$7/2*2 '( 352'8&726 &21 &/$6,),&$'25 6&,$1 1 &/$6( )$%5,&$&,1 '( 9,'5,2 &/$9( '( 81,'$' 9,'5,2 3/$12 /,62 9LGULR SODQR OLVR &5,67$/ )/27$'2 /,62 &ULVWDO IORWDGR OLVR 9,'5,2 3/$12 $17,55()/(&7$17( 9LGULR SODQR DQWLUUHIOHFWDQWH 9,'5,2 7(03/$'2 2 ,1$67,//$%/( 3DUD OD LQGXVWULD DXWRPRWUL] UHIRU]DGR SRU FDORU ᤡ 7HPSODGR ᤢ 9,'5,2 '( 6(*85,'$' /DPLQDGR 7RWDO GH SURGXFWRV 23 ᤢ ᤢ 352'8&726 '( 9,'5,2 < &5,67$/ '( 862 $8720275,= 3DUDEULVDV 0HGDOORQHV 9LGULRV ODWHUDOHV $OHWDV 2WURV HVSHFLILFDU 27526 352'8&726 '( 9,'5,2 < &5,67$/ 'XRYHQG (VSHMR &XELHUWDV SDUD O¯QHD EODQFD 2WURV HVSHFLILFDU 27526 '(6(&+26 < 68%352'8&726 27526 352'8&726 12 *(15,&26 ᤡ '(120,1$&,1 '(/ 352'8&72 ᤡ &/$9( '(/ 352'8&72 81,'$' '( 0(','$ 0LO PWVt 7RQHODGD 0LO PWVt 7RQHODGD 0LO PWVt 7RQHODGD 0LO PWVt 7RQHODGD 0LO PWVt 7RQHODGD 0LO PWVt 7RQHODGD 3LH]D 3LH]D 3LH]D 3LH]D 0LO PWVt 0LO PWVt 0LO PWVt 1 ,167,7872 1$&,21$/ '( (67$'67,&$ < *(2*5$)$ ',5(&&,1 *(1(5$/ '( (67$'67,&$6 (&210,&$6 &$7/2*2 '( 352'8&726 &21 &/$6,),&$'25 6&,$1 &/$6( )$%5,&$&,1 '( (19$6(6 < $032//(7$6 '( 9,'5,2 %27(//$6 '( 9,'5,2 3DUD YLQRV \ VLGUDV 3DUD FHUYH]D GH KDVWD PLOLOLWURV 3DUD FHUYH]D GH P£V GH PLOLOLWURV %27(//$6 3$5$ 5()5(6&26 < $*8$6 *$6(26$6 'H KDVWD PLOLOLWURV 'H P£V GH KDVWD PLOLOLWURV 'H P£V GH PLOLOLWURV %27(//$6 3$5$ 27526 8626 'H KDVWD PLOLOLWURV 'H P£V GH KDVWD PLOLOLWURV 'H P£V GH PLOLOLWURV )5$6&26 < (19$6(6 '( 9,'5,2 'H KDVWD PLOLOLWURV 'H P£V GH KDVWD PLOLOLWURV 'H P£V GH KDVWD PLOLOLWURV 'H P£V GH PLOLOLWURV 27526 352'8&726 '( 9,'5,2 $PSROOHWDV GH YLGULR 7XERV GH YLGULR *DUUDIDV \ JDUUDIRQHV 2WURV HVSHFLILFDU 27526 '(6(&+26 < 68%352'8&726 27526 352'8&726 12 *(15,&26 7RWDO GH SURGXFWRV 19 ᤢ '(120,1$&,1 '(/ 352'8&72 ᤡ &/$9( '(/ 352'8&72 &/$9( '( 81,'$' 81,'$' '( 0(','$ 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV 1 ,167,7872 1$&,21$/ '( (67$'67,&$ < *(2*5$)$ ',5(&&,1 *(1(5$/ '( (67$'67,&$6 (&210,&$6 &$7/2*2 '( 352'8&726 &21 &/$6,),&$'25 6&,$1 &/$6( )$%5,&$&,1 '( ),%5$ '( 9,'5,2 ),%5$ < /$1$ '( 9,'5,2 )LEUD GH YLGULR SDUD OD YHQWD /DQD GH YLGULR SDUD OD YHQWD 352'8&726 '( ),%5$ < /$1$ '( 9,'5,2 &ROFKRQHWDV 7HODV 5RYLQJ SDUD UHIXHU]R GH SO£VWLFR $LVODQWHV W«UPLFRV -XHJRV \ DUW¯FXORV GHSRUWLYRV 7XEXODUHV 3DUWHV DXWRPRWULFHV 2WURV HVSHFLILFDU 27526 '(6(&+26 < 68%352'8&726 27526 352'8&726 12 *(15,&26 7RWDO GH SURGXFWRV 12 ᤢ '(120,1$&,1 '(/ 352'8&72 ᤡ &/$9( '(/ 352'8&72 &/$9( '( 81,'$' 81,'$' '( 0(','$ 7RQHODGD 7RQHODGD 7RQHODGD 3LH]D 7RQHODGD 3LH]D 3LH]D 3LH]D 3LH]D 1 ,167,7872 1$&,21$/ '( (67$'67,&$ < *(2*5$)$ ',5(&&,1 *(1(5$/ '( (67$'67,&$6 (&210,&$6 &$7/2*2 '( 352'8&726 &21 &/$6,),&$'25 6&,$1 &/$6( )$%5,&$&,1 '( $57&8/26 '( 9,'5,2 '( 862 '2067,&2 &/$9( '( 81,'$' ᤢ ᤢ ᤢ ᤢ ᤢ ᤢ ᤡ ᤡ ᤡ ᤡ 9$-,//$6 '( 9,'5,2 5()5$&7$5,2 +DVWD SHUVRQDV 3DUD P£V GH KDVWD SHUVRQDV 3DUD P£V GH KDVWD SHUVRQDV 3DUD P£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£PSDUDV )ORUHURV 0DFHWDV PDFHWRQHV \ VLPLODUHV 2WURV HVSHFLILFDU 27526 352'8&726 '( 9,'5,2 &DQLFDV \ VLPLODUHV )LJXUDV GH YLGULR VRSODGR (VIHUDV QDYLGH³DV 3DQWDOODV GH WRGR WLSR SDUD O£PSDUDV 2WURV HVSHFLILFDU 27526 '(6(&+26 < 68%352'8&726 ᤡ '(120,1$&,1 '(/ 352'8&72 ᤡ &/$9( '(/ 352'8&72 81,'$' '( 0(','$ -XHJR -XHJR -XHJR -XHJR -XHJR 3LH]D 3LH]D 3LH]D 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV 3LH]D 3LH]D 0LO SLH]DV 3LH]D 3LH]D 3LH]D 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 7RQHODGD 0LO SLH]DV &DMD 3LH]D ,167,7872 1$&,21$/ '( (67$'67,&$ < *(2*5$)$ ',5(&&,1 *(1(5$/ '( (67$'67,&$6 (&210,&$6 &$7/2*2 '( 352'8&726 &21 &/$6,),&$'25 6&,$1 1 &/$6( )$%5,&$&,1 '( $57&8/26 '( 9,'5,2 '( 862 '2067,&2 &/$9( '(/ 352'8&72 '(120,1$&,1 '(/ 352'8&72 27526 352'8&726 12 *(15,&26 7RWDO GH SURGXFWRV 37 &/$9( '( 81,'$' 81,'$' '( 0(','$ 1 ,167,7872 1$&,21$/ '( (67$'67,&$ < *(2*5$)$ ',5(&&,1 *(1(5$/ '( (67$'67,&$6 (&210,&$6 &$7/2*2 '( 352'8&726 &21 &/$6,),&$'25 6&,$1 &/$6( )$%5,&$&,1 '( 27526 352'8&726 '( 9,'5,2 ᤢ ᤢ ᤢ ᤢ ᤢ ᤡ ᤡ ᤡ 9,75$/(6 (03/20$'26 3$5$ %LRPERV &DQFHOHV 'RPRV /£PSDUDV 3XHUWDV 3ODIRQHV 9HQWDQDV 9HQWDQDOHV 2WURV HVSHFLILFDU 9,75$/(6 %,6(/$'26 3$5$ 0XHEOHV &DQFHOHV &XDGURV 'RPRV 3XHUWDV 3ODIRQHV 9HQWDQDV 9HQWDQDOHV 2WURV HVSHFLILFDU 9,75$/(6 '( *5$%$'2 $5767,&2 3$5$ 'RPRV 3XHUWDV 9HQWDQDOHV 2WURV HVSHFLILFDU 9,'5,2 &5,67$/ < (63(-2 (VPHULODGR %LVHODGR 6LQ ELVHODU \ VLQ HVPHULODU '(&25$'26 (1 0$7(5,$/ 975(2 9DVRV %RWHOODV (QYDVHV 3ODFDV 2WURV HVSHFLILFDU 27526 352'8&726 '( 9,'5,2 3ROYR 3LH]DV SDUD PXHEOHV GH O¯QHD EODQFD \ HOHFWUµQLFD 3DUD DFDEDGRV HQ OD FRQVWUXFFLµQ 0RVDLFRV GHFRUDWLYRV 2WURV HVSHFLILFDU 27526 '(6(&+26 < 68%352'8&726 27526 352'8&726 12 *(15,&26 ᤡ '(120,1$&,1 '(/ 352'8&72 ᤡ &/$9( '(/ 352'8&72 &/$9( '( 81,'$' 81,'$' '( 0(','$ 0HWURt 0HWURt 0HWURt 3LH]D 0HWURt 0HWURt 0HWURt 0HWURt 3LH]D 0HWURt 3LH]D 0HWURt 0HWURt 0HWURt 0HWURt 0HWURt 0HWURt 0HWURt 0HWURt 0HWURt 0HWUR 0HWURt 3LH]D 0LO SLH]DV 3LH]D 3LH]D .LORJUDPR 0LO SLH]DV 0LO SLH]DV 0HWURt ,167,7872 1$&,21$/ '( (67$'67,&$ < *(2*5$)$ ',5(&&,1 *(1(5$/ '( (67$'67,&$6 (&210,&$6 &$7/2*2 '( 352'8&726 &21 &/$6,),&$'25 6&,$1 1 &/$6( )$%5,&$&,1 '( 27526 352'8&726 '( 9,'5,2 &/$9( '(/ 352'8&72 '(120,1$&,1 '(/ 352'8&72 7RWDO GH SURGXFWRV 37 &/$9( '( 81,'$' 81,'$' '( 0(','$ 1 ,167,7872 1$&,21$/ '( (67$'67,&$ < *(2*5$)$ ',5(&&,1 *(1(5$/ '( (67$'67,&$6 (&210,&$6 &$7/2*2 '( 352'8&726 &21 &/$6,),&$'25 6&,$1 &/$6( )$%5,&$&,1 '( &(0(172 < 352'8&726 $ %$6( '( &(0(172 (1 3/$17$6 ,17(*5$'$6 7RWDO GH SURGXFWRV 10 ᤢ ᤢ ᤢ ᤡ &(0(172 *ULV %ODQFR 0RUWHUR 'H RWURV WLSRV HVSHFLILFDU &/,1.(5 &/1&$ 3DUD XVR SURSLR 3DUD OD YHQWD 27526 352'8&726 $ %$6( '( &(0(172 $GKHVLYRV 2WURV HVSHFLILFDU 27526 '(6(&+26 < 68%352'8&726 27526 352'8&726 12 *(15,&26 ᤡ '(120,1$&,1 '(/ 352'8&72 ᤡ &/$9( '(/ 352'8&72 &/$9( '( 81,'$' 81,'$' '( 0(','$ 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 1 ,167,7872 1$&,21$/ '( (67$'67,&$ < *(2*5$)$ ',5(&&,1 *(1(5$/ '( (67$'67,&$6 (&210,&$6 &$7/2*2 '( 352'8&726 &21 &/$6,),&$'25 6&,$1 &/$6( )$%5,&$&,1 '( &21&5(72 &/$9( '(/ 352'8&72 '(120,1$&,1 '(/ 352'8&72 &21&5(72 3UHPH]FODGR 27526 '(6(&+26 < 68%352'8&726 27526 352'8&726 12 *(15,&26 7RWDO GH SURGXFWRV 3 &/$9( '( 81,'$' 81,'$' '( 0(','$ 0HWURu 1 ,167,7872 1$&,21$/ '( (67$'67,&$ < *(2*5$)$ ',5(&&,1 *(1(5$/ '( (67$'67,&$6 (&210,&$6 &$7/2*2 '( 352'8&726 &21 &/$6,),&$'25 6&,$1 &/$6( )$%5,&$&,1 '( 78%26 < %/248(6 '( &(0(172 < &21&5(72 7RWDO GH SURGXFWRV 31 ᤢ ᤢ ᤢ ᤢ ᤢ ᤢ ᤢ ᤢ ᤢ ᤢ ᤢ ᤢ ᤢ ᤢ ᤢ ᤢ ᤡ ᤡ ᤡ ᤡ ᤡ ᤡ ᤡ ᤡ ᤡ ᤡ ᤡ ᤡ ᤡ ᤡ 78%26 &21 5()8(5=2 'H FPV GH GL£PHWUR 'H FPV GH GL£PHWUR 'H FPV GH GL£PHWUR 'H FPV GH GL£PHWUR 'H FPV GH GL£PHWUR 'H FPV GH GL£PHWUR 'H P£V GH FPV GH GL£PHWUR 78%26 6,1 5()8(5=2 'H FPV GH GL£PHWUR 'H FPV GH GL£PHWUR 'H FPV GH GL£PHWUR 'H FPV GH GL£PHWUR 'H FPV GH GL£PHWUR 'H FPV GH GL£PHWUR 'H P£V GH FPV GH GL£PHWUR 026$,&26 /RVHWDV GH FHPHQWR 0RVDLFRV FDOF£UHRV OLVRV 0RVDLFRV FDOF£UHRV GHFRUDGRV 0RVDLFRV JUDQ¯WLFRV 2WURV HVSHFLILFDU 3,(=$6 35()$%5,&$'$6 2 35(02/'($'$6 %ORTXHV 7DELFµQ \ WDELTXH $GRTX¯Q \ DGRFUHWR %RYHGLOODV &HORVLDV %URFDO 7DSDV SDUD EURFDO 2WURV HVSHFLILFDU 9,*$6 < 9,*8(7$6 3UHWHQVDGDV GH D KLORV 3UHWHQVDGDV GH D KLORV 27526 '(6(&+26 < 68%352'8&726 27526 352'8&726 12 *(15,&26 ᤡ '(120,1$&,1 '(/ 352'8&72 ᤡ &/$9( '(/ 352'8&72 &/$9( '( 81,'$' 81,'$' '( 0(','$ 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 0HWURt 0HWURt 0HWURt 0HWURt 0LO SLH]DV 0LO SLH]DV 3LH]D 0LO SLH]DV 3LH]D 3LH]D 3LH]D 0HWUR 0HWUR 1 ,167,7872 1$&,21$/ '( (67$'67,&$ < *(2*5$)$ ',5(&&,1 *(1(5$/ '( (67$'67,&$6 (&210,&$6 &$7/2*2 '( 352'8&726 &21 &/$6,),&$'25 6&,$1 &/$6( )$%5,&$&,1 '( 352'8&726 35((6)25=$'26 '( &21&5(72 7RWDO GH SURGXFWRV 20 ᤢ ᤢ ᤡ ᤢ ᤢ ᤡ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ᤡ '(120,1$&,1 '(/ 352'8&72 ᤡ &/$9( '(/ 352'8&72 &/$9( '( 81,'$' 81,'$' '( 0(','$ 0HWURt 0HWUR 0HWUR 0HWUR 0HWUR 0HWUR 3LH]D 3LH]D 0HWUR 0LO SLH]DV 3LH]D 3LH]D 3LH]D 3LH]D 1 ,167,7872 1$&,21$/ '( (67$'67,&$ < *(2*5$)$ ',5(&&,1 *(1(5$/ '( (67$'67,&$6 (&210,&$6 &$7/2*2 '( 352'8&726 &21 &/$6,),&$'25 6&,$1 &/$6( )$%5,&$&,1 '( &$/ 7RWDO GH SURGXFWRV 15 ᤢ ᤢ ᤢ ᤢ ᤡ ᤢ ᤡ ᤡ (/$%25$&,1 '( &$/ &DO YLYD SDUD XVR SURSLR &DO YLYD SDUD OD YHQWD &$/ +,'5$7$'$ 2 $3$*$'$ $«UHD +LGU£XOLFD 'H RWUR WLSR HVSHFLILFDU 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SHUIRUDGRUDV 3DSHO FDUEµQ 8³DV GHVHQJUDSDGRUDV &DUSHWDV GH DUJROODV &RUUHFWRUHV 6HSDUDGRUHV (VW«QFLOHV &OLSV JUDSDV \ EURFKHV SDUD SDSHO 2WURV HVSHFLILFDU $57&8/26 3$5$ 3,1785$ $5767,&$ < ',%8-2 3LQWXUDV 3LQFHOHV EURFKDV \ VLPLODUHV /£SLFHV \ FRORUHV SDUD SLQWXUD $&&(625,26 3L]DUURQHV \ URWDIROLRV 5HVWLUDGRUHV 3LQWDUURQHV 0DPSDUDV 2WURV HVSHFLILFDU 3,(=$6 < $&&(625,26 3$5$ 5(38(672 3XQWDV GH DFHUR SDUD ERO¯JUDIRV 5HSXHVWRV SDUD ERO¯JUDIRV &DUWXFKRV GH WLQWD 3XQWLOODV PLQDV 2WUDV HVSHFLILFDU ᤡ '(120,1$&,1 '(/ 352'8&72 ᤡ &/$9( '(/ 352'8&72 &/$9( '( 81,'$' 81,'$' '( 0(','$ 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV 0LO MXHJRV 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV 7RQHODGD 3LH]D 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV 0LO FDMDV /LWUR 0LO SLH]DV 0LO SLH]DV 3LH]D 3LH]D 3LH]D 0HWURt 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV ,167,7872 1$&,21$/ '( (67$'67,&$ < *(2*5$)$ ',5(&&,1 *(1(5$/ '( (67$'67,&$6 (&210,&$6 &$7/2*2 '( 352'8&726 &21 &/$6,),&$'25 6&,$1 1 &/$6( )$%5,&$&,1 '( $57&8/26 < $&&(625,26 3$5$ (6&5,785$ 3,1785$ ',%8-2 < $&7,9,'$'(6 '( 2),&,1$ 27526 $57&8/26 (6&2/$5(6 < '( 2),&,1$ 3ODVWLOLQD &RMLQHV *LVHV *RPDV GH ERUUDU )ROGHUV %RUUDGRUHV SDUD SL]DUUµQ 7LQWD FKLQD 2WURV HVSHFLILFDU 27526 '(6(&+26 < 68%352'8&726 27526 352'8&726 12 *(15,&26 7RWDO GH SURGXFWRV 47 ᤢ '(120,1$&,1 '(/ 352'8&72 ᤡ &/$9( '(/ 352'8&72 &/$9( '( 81,'$' 81,'$' '( 0(','$ .LORJUDPR 3LH]D 0LO FDMDV 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV 0LO OLWURV ,167,7872 1$&,21$/ '( (67$'67,&$ < *(2*5$)$ ',5(&&,1 *(1(5$/ '( (67$'67,&$6 (&210,&$6 &$7/2*2 '( 352'8&726 &21 &/$6,),&$'25 6&,$1 1 &/$6( )$%5,&$&,1 '( &,(55(6 %2721(6 < $*8-$6 7RWDO GH SURGXFWRV 27 ᤢ ᤢ ᤢ ᤡ &,(55(6 35,1&,3$/0(17( '( $/80,1,2 6,1 (60$/7$5 +DVWD FPV 'H P£V GH \ KDVWD FPV 'H P£V GH FPV &,(55(6 35,1&,3$/0(17( '( /$71 6,1 (60$/7$5 +DVWD FPV 'H P£V GH \ KDVWD FPV 'H P£V GH \ KDVWD FPV 'H P£V GH \ KDVWD FPV 'H P£V GH FPV &,(55(6 0(7/,&26 (60$/7$'26 'H P£V GH FPV 2WURV HVSHFLILFDU &,(55(6 35,1&,3$/0(17( '( 3/67,&2 +DVWD FPV 'H P£V GH \ KDVWD FPV 'H P£V GH \ KDVWD FPV 'H P£V GH \ KDVWD FPV 'H P£V GH FPV &,(55(6 '( 27526 0$7(5,$/(6 'H P£V GH \ KDVWD FPV 2WURV HVSHFLILFDU %2721(6 'H SO£VWLFR 'H PHWDO $&&(625,26 0(7/,&26 *DQFKRV \ DJXMDV SDUD WHMHU 35(1'('25(6 %URFKHV GH SUHVLµQ 27526 352'8&726 +HELOODV $OILOHUHV 2WURV HVSHFLILFDU 3$57(6 3$5$ &,(55(6 &DGHQDV SDUD FLHUUH GH ODWµQ 27526 '(6(&+26 < 68%352'8&726 27526 352'8&726 12 *(15,&26 ᤡ '(120,1$&,1 '(/ 352'8&72 ᤡ &/$9( '(/ 352'8&72 &/$9( '( 81,'$' 81,'$' '( 0(','$ 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV 0LO PHWURV ,167,7872 1$&,21$/ '( (67$'67,&$ < *(2*5$)$ ',5(&&,1 *(1(5$/ '( (67$'67,&$6 (&210,&$6 &$7/2*2 '( 352'8&726 &21 &/$6,),&$'25 6&,$1 1 &/$6( )$%5,&$&,1 '( (6&2%$6 &(3,//26 < 6,0,/$5(6 7RWDO GH SURGXFWRV 15 &/$9( '( 81,'$' ᤢ ᤢ ᤢ ᤢ ᤡ ᤡ (6&2%$6 'H ILEUD SO£VWLFD 'H SDMD PLMR R VRUJR &(3,//26 '( ),%5$ 3/67,&$ 3DUD HO FDEHOOR 3DUD GLHQWHV 3DUD OLPSLH]D HQ JHQHUDO 3DUD RWURV XVRV HVSHFLILFDU &(3,//26 '( 27526 0$7(5,$/(6 &HSLOORV GH RWURV PDWHULDOHV HVSHFLILFDU %52&+$6 3,1&(/(6 < 6,0,/$5(6 %URFKDV GH FHUGDV 5RGLOORV SDUD SLQWDU 2WUDV HVSHFLILFDU 27526 352'8&726 3$5$ /,03,(=$ )LEUDV \ HVSRQMDV GH ILEUDV VLQW«WLFDV 7UDSHDGRUHV 2WURV HVSHFLILFDU 27526 '(6(&+26 < 68%352'8&726 27526 352'8&726 12 *(15,&26 ᤡ '(120,1$&,1 '(/ 352'8&72 ᤡ &/$9( '(/ 352'8&72 81,'$' '( 0(','$ 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV ,167,7872 1$&,21$/ '( (67$'67,&$ < *(2*5$)$ ',5(&&,1 *(1(5$/ '( (67$'67,&$6 (&210,&$6 &$7/2*2 '( 352'8&726 &21 &/$6,),&$'25 6&,$1 1 &/$6( )$%5,&$&,1 '( 9(/$6 < 9(/$'25$6 7RWDO GH SURGXFWRV 19 ᤢ ᤢ ᤢ ᤢ ᤡ ᤡ 9(/$6 '( &(5$ &RPXQHV 3DUD GHFRUDFLµQ 9(/$6 '( 3$5$),1$ &RPXQHV 3DUD GHFRUDFLµQ 2WUDV HVSHFLILFDU 9(/$'25$6 '( &(5$ &RQ YDVR 6LQ YDVR 9(/$'25$6 '( 3$5$),1$ &RPXQHV FRQ YDVR $URP£WLFDV &RPXQHV VLQ YDVR 2WUDV HVSHFLILFDU &,5,26 3DUD LJOHVLDV 2WURV HVSHFLILFDU 27526 $57&8/26 &HUD 3DUDILQD 0DUTXHWDV GH SDUDILQD 2WURV HVSHFLILFDU 27526 '(6(&+26 < 68%352'8&726 27526 352'8&726 12 *(15,&26 ᤡ '(120,1$&,1 '(/ 352'8&72 ᤡ &/$9( '(/ 352'8&72 &/$9( '( 81,'$' 81,'$' '( 0(','$ 0LO SLH]DV 3LH]D 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV 7RQHODGD 7RQHODGD 7RQHODGD 7RQHODGD 1 ,167,7872 1$&,21$/ '( (67$'67,&$ < *(2*5$)$ ',5(&&,1 *(1(5$/ '( (67$'67,&$6 (&210,&$6 &$7/2*2 '( 352'8&726 &21 &/$6,),&$'25 6&,$1 &/$6( 275$6 ,1'8675,$6 0$18)$&785(5$6 7RWDO GH SURGXFWRV 29 ᤢ ᤡ ᤢ ᤢ ᤢ ᤡ &/$9( '( 81,'$' 352'8&726 '( 3(/2 1$785$/ 2 6,177,&2 3URGXFWRV GH SHOR QDWXUDO R VLQW«WLFR 3$5$*8$6 < 620%5,//$6 3DUDJXDV \ VRPEULOODV $57&8/26 '(&25$7,926 )ORUHV \ SODQWDV DUWLILFLDOHV 0H]FOD GH QDWXUDOH]D PXHUWD FRQ DURPD SRSXUU¯ $57&8/26 '( 0(7$/ 3$5$ 862 3(5621$/ $UW¯FXORV GH PHWDO SDUD XVR SHUVRQDO (1&(1'('25(6 'HVHFKDEOHV 1R GHVHFKDEOHV 27526 352'8&726 )LJXUDV DUWHVDQDOHV 2WURV HVSHFLILFDU )$%5,&$&,1 '( 0$5&26 3 &8$'526 )272*5$)$6 (63(-26 < 6,0,/$5(6 'H DOXPLQLR 'H PDGHUD 'H SO£VWLFR 'H RWURV PDWHULDOHV -817$6 < (03$48(6 $8720275,&(6 'H FRUFKR 'H KXOH 'H DVEHVWR 'H PHWDO 'H RWURV PDWHULDOHV HVSHFLILFDU -817$6 < (03$48(6 3$5$ 27526 8626 'H FRUFKR 'H KXOH 'H DVEHVWR 'H PHWDO 'H RWURV PDWHULDOHV HVSHFLILFDU 27526 352'8&726 0(7/,&26 5HWHQHV 27526 352'8&726 '( 27526 0$7(5,$/(6 0XHVWUDULRV GH DOIRPEUDV \ WHODV 275$6 0$18)$&785$6 12 &/$6,),&$'$6 $17(5,250(17( 0£TXLQDV GH HQWUHWHQLPLHQWR SRU PRQHGDV 0DQLTX¯HV 27526 '(6(&+26 < 68%352'8&726 27526 352'8&726 12 *(15,&26 ᤡ '(120,1$&,1 '(/ 352'8&72 ᤡ &/$9( '(/ 352'8&72 81,'$' '( 0(','$ 3LH]D 3LH]D 0LO SLH]DV 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 3LH]D 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV 0LO SLH]DV -XHJR -XHJR -XHJR -XHJR -XHJR -XHJR -XHJR -XHJR 3LH]D 3LH]D 8QLGDG 3LH]D