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Volumen 2

ERRNVPHGLFRVRUJ
reguntas claves
y
ejercicios
U. Ruth Charrondiere
Barbara Burlingame
Sally Berman
Ibrahim Elmadfa

THE INTERNATIONAL NETWORK OF FOOD DATA SYSTEMS


ORGANIZACIÓN DE LAS NACIONES UNIDAS PARA LA AGRICULTURA Y LA ALIMENTACIÓN
Roma, 2011
Las denominaciones empleadas en este producto informativo y la forma en
que aparecen presentados los datos que contiene no implican, por parte de
la Organización de las Naciones Unidas para la Agricultura y la Alimentación
(FAO), juicio alguno sobre la condición jurídica o nivel de desarrollo de
países, territorios, ciudades o zonas, o de sus autoridades, ni respecto de la
delimitación de sus fronteras o límites. La mención de empresas o productos
de fabricantes en particular, estén o no patentados, no implica que la FAO los
apruebe o recomiende de preferencia a otros de naturaleza similar que no se
mencionan.

Las opiniones expresadas en esta publicación son las de su(s) autor(es),


y no reflejan necesariamente los puntos de vista de la FAO.

E-ISBN 978-92-5-306917-0

Todos los derechos reservados. La FAO fomenta la reproducción y difusión


del material contenido en este producto informativo. Su uso para
fines no comerciales se autorizará de forma gratuita previa solicitud.
La reproducción para la reventa u otros fines comerciales, incluidos fines
educativos, podría estar sujeta a pago de tarifas. Las solicitudes de
autorización para reproducir o difundir material de cuyos derechos de
autor sea titular la FAO y toda consulta relativa a derechos y licencias deberán
dirigirse por correo electrónico a: copyright@fao.org, o por escrito al
Jefe de la Subdivisión de Políticas y Apoyo en materia de Publicaciones,
Oficina de Intercambio de Conocimientos, Investigación y Extensión, FAO,
Viale delle Terme di Caracalla, 00153 Roma (Italia).

© FAO 2011
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6MNCDKNRQDSNRDMK@DK@ANQ@BHbMCDDRS@(T`@CDDRSTCHNDRS@A@DMBNMRDFTHQPTDETDQ@@SQ@BSHU@X
BNLOQDMRHAKDO@Q@ODQRNM@RCDCHEDQDMSDRMHUDKDRDCTB@SHUNR @EHMCDL@MSDMDQK@LNSHU@BHbMCDKNR
DRSTCH@MSDR X @KDMS@QKNR @ BNLOKDS@Q KNR LbCTKNR BNQQDRONMCHDMSDR -@ AI- <->- 18 1?@A05; 01 8-
/;9<;?5/5J: 01 -8591:@;? DR TM@ CD K@R HMHBH@SHU@R CD K@ '"0 O@Q@ @KDMS@Q X OQNLNUDQ K@ DCTB@BHbM
ODQL@MDMSDDM@BSHUHC@CDRQDK@BHNM@C@RBNMK@BNLONRHBHbMCD@KHLDMSNR

-.#(.,#)-3)$.#0)-
-@AI-<->-181?@A05;018-/;9<;?5/5J:01-8591:@;?RDDK@ANQbBNMDKEHMCDKKDF@Q@TMFQTON@LOKHNCD
CDRSHM@S@QHNR X G@BDQ L\R @BBDRHAKDR X LDMNR BNRSNRNR KNR BNMNBHLHDMSNR RNAQD BNLONRHBHbM CD


 $G@QQNMCHDQD 63 #TQKHMF@LD # #DQL@M 4X&KL@CE@ *'NNCBNLONRHSHNMSQ@HMHMF%HRS@MBD KD@QMHMF
@R@MDV@OOQN@BG@MCBNLO@QHRNMSNBNTQRDRHMSGDBK@RRQNNL ;A>:-8;2;;0;9<;?5@5;:-:0:-8E?5?p


$DJHE:K99?VD

@KHLDMSNR DRODBH@KLDMSDO@Q@PTHDMDRMNOTDCDM@RHRSHQ@BTQRNROQDRDMBH@KDR"KLHRLNSHDLON DK
NAIDSHUN DQ@ F@Q@MSHY@Q PTD MN RD UHDQ@ BNLOQNLDSHC@ K@ B@KHC@C CDK BTQRN OQDRDMBH@K 4D OTDCD
TSHKHY@Q BNLN FT`@ CD @TSN@OQDMCHY@ID  DM \LAHSN TMHUDQRHS@QHN N DM BTQRNR CD ONRSFQ@CN RNAQD
BNLONRHBHbM CD @KHLDMSNR ONQ DIDLOKN  DM K@R DU@KT@BHNMDR O@QBH@KDR N EHM@KDR CDK BTQRN  BNLN
SDWSN CD QDO@RN CDROT_R CDK BTQRN  N BNLN HMRSQTLDMSN CD @OQDMCHY@ID @ CHRS@MBH@
 -@ (T`@ CD
DRSTCHNRDG@TSHKHY@CNBNM_WHSNDMSNCNRDRSNRB@RNR

-@ (T`@ CD DRSTCHN DRS\ CDRSHM@C@ OQHMBHO@KLDMSD @ KNR BNLOHK@CNQDR X KNR TRT@QHNR CD C@SNR CD
BNLONRHBHbMCD@KHLDMSNR @R`BNLN@KNR@M@KHRS@R5@LAH_MOQDSDMCDRDQUHQCDA@RDO@Q@BK@RDRCD
KHBDMBH@STQ@X CNBSNQ@CNNO@Q@OQNFQ@L@RCDDMRDa@MY@@CHRS@MBH@DMK@R TMHUDQRHC@CDR"KFTM@R
TMHUDQRHC@CDRX@G@MLNRSQ@CNHMSDQ_RONQHMBKTHQK@DMRTROQNFQ@L@RCDDRSTCHN%@CNPTDK@(T`@
CDDRSTCHN@A@QB@SNCNRKNR@RODBSNRQDK@BHNM@CNRBNMK@BNLONRHBHbMCD@KHLDMSNR ODQLHSHQ\@KNR
DRSTCH@MSDR@RHLHK@QSNCNRKNROQHMBHOHNRO@Q@NASDMDQ BNLOHK@QXTSHKHY@QC@SNRCDBNLONRHBHbMCD
@KHLDMSNRXO@Q@@OKHB@QKNRBNQQDBS@LDMSDDMDKETSTQNDMRTSQ@A@IN&MK@(T`@CDDRSTCHNMNRD
@ANQC@M BNM CDS@KKD KNR L_SNCNR @M@K`SHBNR MH KNR RHRSDL@R CD FDRSHbM CD A@RDR CD C@SNR CD
BNLONRHBHbMCD@KHLDMSNR-NRKDBSNQDR@OQDMCDQ\M RHMDLA@QFN @BNLOHK@QTM@A@RDCDC@SNRCD
BNLONRHBHbMCD@KHLDMSNRXTSHKHY@QK@ XBNLN@M@KHRS@R@OQDMCDQ\MK@L@MDQ@CDNASDMDQXOQDRDMS@Q
RTRC@SNR CDL@MDQ@PTDOTDC@MSDMDQK@L\WHL@TSHKHC@CO@Q@KNRBNLOHK@CNQDR

-@ AI- <->- 18 1?@A05; 01 8- /;9<;?5/5J: 01 -8591:@;? DR TM HMRSQTLDMSN PTD OQDSDMCD @XTC@Q @ KNR
@KTLMNR MN RbKN @ BNMNBDQ MTDUN L@SDQH@K  RHMN S@LAH_M @ DU@KT@Q K@ BNLOQDMRHbM CDK L@SDQH@K
CHC\BSHBN 4D A@R@ ETMC@LDMS@KLDMSD DM (QDDMEHDKC X 4NTSGF@SD 
 X @ LDMTCN RD HMCHB@M
CHRSHMS@RETDMSDRPTDQDOQDRDMS@MKNRBNMNBHLHDMSNRL\RQDBHDMSDRRNAQDDRSNRSDL@R4DHMUHS@@KNR
DRSTCH@MSDR @ BNLO@Q@QK@R  @TMPTD MN RHDLOQD QDBHAHQ\M HMENQL@BHbM @BDQB@ CD K@ DRBTDK@ CD
ODMR@LHDMSNPTDRDOQDEHDQD



!,),&0(#
&MDKBT@CQNRHFTHDMSDRDHMCHB@BT\KDRRNMKNRLbCTKNRL\RHLONQS@MSDRO@Q@KNRCHRSHMSNRFQTONR
CDTRT@QHNR

)XC;HE /TJKBE:;BCV:KBE $CFEHJ7DJ; $CFEHJ7DJ; $CFEHJ7DJ;
:;B F7H7BEI F7H7BEI F7H7BEI
CV:KBE 9ECF?B7:EH;I KIK7H?EI 7D7B?IJ7I
FHE<;I?ED7B;I
 .MDI>DKDJN=YND>JN?@PIKMJBM<H<?@   
>JHKJND>D]I?@<GDH@IOJN
 3ODGDU<>D]I?@GJN?<OJN?@>JHKJND>D]I   
?@<GDH@IOJN
 1@G@>>D]ITIJH@I>G<OPM<?@GJN   
<GDH@IOJN@IG<N=<N@N?@?<OJN?@
>JHKJND>D]I?@<GDH@IOJN
 !JHKJI@IO@N?@G<N=<N@N?@?<OJN?@   
>JHKJND>D]I?@<GDH@IOJN
 < 1@G@>>D]I?@>JHKJI@IO@N   

 = ,JH@I>G<OPM<?@GJN>JHKJI@IO@N   

 > !JIQ@I>DJI@NT@SKM@NDJI@N?@GJN   
>JHKJI@IO@N
 ? +ZOJ?JN?@<IYGDNDN?@GJN>JHKJI@IO@N   

 2JH<?@HP@NOM<N   

 NK@>OJNM@G<ODQJN<G<><GD?<??@GJN   
?<OJN<I<G[OD>JN


$DJHE:K99?VD

)XC;HE /TJKBE:;BCV:KBE $CFEHJ7DJ; $CFEHJ7DJ; $CFEHJ7DJ;
:;B F7H7BEI F7H7BEI F7H7BEI
CV:KBE 9ECF?B7:EH;I KIK7H?EI 7D7B?IJ7I
FHE<;I?ED7B;I
 0@>PMNJNK<M<G<>JHKJND>D]I?@   
<GDH@IOJN
.P=GD><>D]I?@?<OJN?@>JHKJND>D]I?@
<GDH@IOJN
 !YG>PGJN?@M@>@O<NTJOMJN>YG>PGJN   

 1DNO@H<N?@B@NOD]I?@G<N=<N@N?@   
?<OJN?@>JHKJND>D]I?@<GDH@IOJN@
DIO@M><H=DJ?@?<OJN
 !JHKDG<>D]IT?J>PH@IO<>D]I   

 < !JHK<M<>D]I?@=<N@N?@?<OJN?@   
>JHKJND>D]I?@<GDH@IOJN
 = #NOP?DJ?@><NJ >JIQ@MND]I?@G<   
DIB@NO<?@<GDH@IOJN@IDIB@NO<?@
IPOMD@IO@N
 !JIND?@M<>DJI@NM@G<ODQ<N<G<><GD?<?@I   
G<>JHKDG<>D]I?@?<OJN
 DJ?DQ@MND?<?<GDH@IO<MD<   
 -NRTRT@QHNROQNEDRHNM@KDRTSHKHY@Q\MKNRC@SNRCDBNLONRHBHbMCD@KHLDMSNR ONQDIDLOKN O@Q@DRSHL@QK@HMFDRS@CDMTSQHDMSDR O@Q@
OQDO@Q@Q DSHPTDS@R N O@Q@ DK@ANQ@Q CHDS@R
 X S@LAH_M OTDCDM BNLOHK@Q A@RDR CD C@SNR CD BNLONRHBHbM CD @KHLDMSNR BNM TM EHM
DRODB`EHBN&RONBNOQNA@AKDPTDQD@KHBDMLTDRSQDNRCD@KHLDMSNRNRTODQUHRDMRT@M\KHRHR


-.,/./,
-@AI-<->-181?@A05;018-/;9<;?5/5J:01-8591:@;?RDOTAKHB@DMCNRUNKdLDMDR#>13A:@-?E161>/5/5;?
B;8A91: X8-B1?018-?<>13A:@-?E8;?161>/5/5;?B;8A91: "LANRUNKdLDMDRBNMRS@MCDLbCTKNR 
@FQTO@CNRDMFQ@MCDR\LAHSNRSDL\SHBNR U_@RDDKBT@CQN5:2>-
$@C@LbCTKNDRS\CHUHCHCNDM
CHUDQR@RRDBBHNMDR&MK@OQHLDQ@RDDRS@AKDBDMKNRNAIDSHUNRCD@OQDMCHY@ID DKL@SDQH@KPTDRDG@CD
DRSTCH@QXTM@DRSHL@BHbMCDKSHDLONMDBDR@QHNO@Q@BNLOKDS@QDKLbCTKN"LDMTCNRDHMCHB@TM@
KHRS@CDQDBTQRNRNL@SDQH@K CDQDEDQDMBH@ @R`BNLNQDEDQDMBH@RAHAKHNFQ\EHB@RBNLOKDLDMS@QH@R-@
RDFTMC@RDBBHbMBNMSHDMDK@ROQDFTMS@RXK@SDQBDQ@KNRDIDQBHBHNR&MDKUNKTLDMBNMK@RBK@UDR TM@
RDBBHbM@CHBHNM@KOQNONQBHNM@TM@DU@KT@BHbMCDB@Q\BSDQFDMDQ@K

-@ROQDFTMS@RDRS\M DRSQTBSTQ@C@R CDS@K L@MDQ@PTDODQLHSDM@KNR DRSTCH@MSDR E@LHKH@QHY@QRDBNM
KNRS_QLHMNRA\RHBNRXKTDFN@TLDMS@QOQNFQDRHU@LDMSDRTRBNMNBHLHDMSNR@LDCHC@PTDQDBNQQDM
KNR CHRSHMSNR SDL@R QDK@BHNM@CNR BNM K@ L@SDQH@ -NR DIDQBHBHNR ODQLHSDM @K DRSTCH@MSD @OKHB@Q KNR
BNMNBHLHDMSNR QDBH_M @CPTHQHCNR -NR DRSTCH@MSDR NASHDMDM TM MdLDQN CDSDQLHM@CN CD OTMSNR @K
QDRONMCDQ@K@ROQDFTMS@RXG@BDQKNRDIDQBHBHNRBNQQDBS@LDMSD

&KUNKTLDMBNMK@RBK@UDRBNMSHDMDK@QDROTDRS@@K@ROQDFTMS@RXK@RNKTBHbMCDKNRDIDQBHBHNR @R`
BNLNNSQ@HMENQL@BHbMPTDOTDCDRDQCDHMSDQ_R&MLTBGNRB@RNRRDOTDCDMDMBNMSQ@QK@RBK@UDR
DM(QDDMEHDKCX4NTSGF@SD 
4HMNRDHMCHB@MHMFTM@NSQ@QDEDQDMBH@ KNRMdLDQNRCDO\FHM@CD
K@RBK@UDRBNQQDRONMCDM@KNRCDK@UDQRHbMHLOQDR@CDCHBGNKHAQN XMN@KNRCDK@QBGHUN1%'
"K
EHM@K CD B@C@ TMN CD KNR LbCTKNR  DM K@ t&U@KT@BHbM FDMDQ@K CD KNR OQNFQDRNR QD@KHY@CNR 
"TSNB@KHEHB@BHbMu RDHMCHB@DKFQ@CNCD@RHLHK@BHbMCDKNRMTDUNRBNMNBHLHDMSNRONQKNRDRSTCH@MSDR
XRTB@O@BHC@CO@Q@@OKHB@QKNR


'(,*,),
4DQDBNLHDMC@@KNRDRSTCH@MSDRPTDBNLHDMBDMBNMK@t-DBSTQ@NAKHF@SNQH@uXKTDFNQDRONMC@M@K@R
OQDFTMS@R X BNLOKDSDM KNR DIDQBHBHNR -NR DRSTCH@MSDR LDINQ@Q\M RT @OQDMCHY@ID RH OQNBTQ@M
QDRONMCDQ @ K@R OQDFTMS@R X QDRNKUDQ KNR DIDQBHBHNR ONQ R` LHRLNR RHM LHQ@Q K@R BK@UDR 6M@ UDY


$DJHE:K99?VD

BNMBKTHC@DRS@S@QD@ CDADMUDQHEHB@QRHRTRQDROTDRS@RRNMBNQQDBS@R&MK@L@XNQ`@CDKNRB@RNRRD
OQNONQBHNM@HMENQL@BHbM@CHBHNM@K O@Q@DWOKHB@QONQPT_RNMBNQQDBS@RNDPTHUNB@C@RCDSDQLHM@C@R
QDROTDRS@RNO@Q@E@BHKHS@QL\RHMENQL@BHbM@BDQB@CDKSDL@4DC@K@OTMST@BHbMCDB@C@QDROTDRS@ 
SQ@RKN BT@KRDOTDCDB@KBTK@QK@ OTMST@BHbMEHM@K$NM_RS@KNR O@QSHBHO@MSDRRDOTDCDM @RHFM@Q TM
MHUDK /N RD DRODQ@ PTD KNR @KTLMNR NASDMF@M TM@ OTMST@BHbM CDK  @ K@ OQHLDQ@  RHMN PTD
QDEKDWHNMDMRNAQDK@RBTDRSHNMDRX@OQDMC@MBNMK@OQ\BSHB@4DHMUHS@@KNRTRT@QHNRPTDMNG@X@M
BNLOQDMCHCNSNS@KLDMSDTMLbCTKN@QDODSHQO@QSDRCDKLHRLNX DMB@RNMDBDR@QHN @QDO@R@QO@QSD
CDKL@SDQH@KCDKDBSTQ@

-NR DRSTCH@MSDR BNM BNMNBHLHDMSNR @U@MY@CNR S@K UDY CDRDDM QDRONMCDQ @ K@R OQDFTMS@R X KNR
DIDQBHBHNR RHM TM@ KDBSTQ@ OQDUH@ 4HM DLA@QFN  O@Q@ @KFTM@R OQDFTMS@R DR ONRHAKD PTD SDMF@M PTD
BNMRTKS@Q K@R QDEDQDMBH@R AHAKHNFQ\EHB@R DM ATRB@ CD K@R QDROTDRS@R &M @KFTM@R CD K@R S@QD@R DR
MDBDR@QHN QDEKDWHNM@Q L\R RNAQD DK SDL@ -NR DRSTCH@MSDR HMSDQDR@CNR DM OQNETMCHY@Q DM TM
CDSDQLHM@CNSDL@ OTDCDM@BTCHQ@K@AHAKHNFQ@E`@BNLOKDLDMS@QH@

6M@UDYBNLOKDS@CNDKLbCTKNNKNRLbCTKNR RDQTDF@@KNRDRSTCH@MSDRPTDDMU`DMRTOTMST@BHbM
XBNLDMS@QHNRONQBNQQDNDKDBSQbMHBN QTSGBG@QQNMCHDQD!E@NNQFNMTSQHSHNM!E@NNQF
CDL@MDQ@
PTDK@'"0OTDC@ITYF@QK@B@KHC@CCDKLbCTKNDHMSQNCTBHQLDINQ@RDMKNRLHRLNR


'(,  /.#&#4, & !/a  -./#) *, &),, *,)!,'- 
*,(#4$-),.'--*a #)-
-NR LbCTKNR CD K@ (T`@ CD DRSTCHN RD OTDCDM QDNQF@MHY@Q O@Q@ DRS@AKDBDQ K@ A@RD CD OQNFQ@L@R
DCTB@SHUNR CD ENQL@BHbM @B@C_LHB@ N MN @B@C_LHB@ RNAQD SDL@R DRODB`EHBNR N O@Q@ CDRSHM@S@QHNR
BNMBQDSNR1NQDIDLOKN KNRCDO@QS@LDMSNRCDMTSQHBHbMXCHDS_SHB@CDK@RTMHUDQRHC@CDROTDCDMDRS@Q
HMSDQDR@CNR DM DK TRN CD C@SNR CD BNLONRHBHbM CD @KHLDMSNR  LHDMSQ@R PTD KNR CDO@QS@LDMSNR
TMHUDQRHS@QHNRCDSDBMNKNF`@CDKNR@KHLDMSNR PT`LHB@CDKNR@KHLDMSNRDHMNBTHC@CCDKNR@KHLDMSNR
DRS@Q\MHMSDQDR@CNRRNAQDSNCNDMKNR@RODBSNRCDK@B@KHC@CCDKNRU@KNQDR@M@K`SHBNRCDKNRCHRSHMSNR
BNLONMDMSDRCDKNROQNCTBSNR@KHLDMSHBHNR
&K _WHSN CD K@ BQD@BHbM CD B@O@BHC@C HMCHUHCT@K DRS\ QDK@BHNM@CN BNM K@ BQD@BHbM CD B@O@BHC@C
HMRSHSTBHNM@KXK@DWHRSDMBH@CDTMDMSNQMNOQNOHBHN&MOQHLDQKTF@Q DRHLONQS@MSDDK@ONXNCDK@
@CLHMHRSQ@BHbMRTODQHNQCDK@OQNOH@HMRSHSTBHbM @KHFT@KPTDK@HMBNQONQ@BHbMCDK@RMTDU@RS@QD@RDM
DK L@MC@SN CD K@ HMRSHSTBHbM &M RDFTMCN KTF@Q  KNR E@BSNQDR CDQHU@CNR CD TM DMSNQMN MNQL@SHUN
OQNOHBHN HMEKTXDM DM DK _WHSN CD K@ BQD@BHbM CD B@O@BHC@C HMCHUHCT@K 1NQ DIDLOKN  OTDCD RDQ
MDBDR@QHN @ANQC@Q BTDRSHNMDR CD B@Q\BSDQ MNQL@SHUN  EHM@MBHDQN X ONK`SHBN &RSN DMSQ@a@ K@
BDKDAQ@BHbMCDRDLHM@QHNRXQDTMHNMDRBNMKNRDMB@QF@CNRCDK@@CNOBHbMCDCDBHRHNMDR DKODQRNM@K
CD K@ @CLHMHRSQ@BHbM X KNR CHQDBSNQDR CD K@R HMRSHSTBHNMDR  @R` BNLN BNM KNR ONK`SHBNR 4HFTDM SQDR
ONRHAKDRDIDLOKNRCDBTQRNRNRDLHM@QHNR

&IDLOKN$TQRNRNAQDK@BNQQDBS@TSHKHY@BHbMCDKNRC@SNRCDBNLONRHBHbMCD@KHLDMSNR
-NR NAIDSHUNR CD @OQDMCHY@ID ODQLHSHQ\M @ KNR DRSTCH@MSDR BNLOQDMCDQ KNR OQHMBHOHNR CD K@
NQF@MHY@BHbM  FDRSHbM X TSHKHY@BHbM CD A@RDR CD C@SNR CD BNLONRHBHbM CD @KHLDMSNR  PTD ONCQ\M
@OKHB@QDMKNRRHFTHDMSDR\LAHSNR
 L@MDQ@CDBQD@Q NQF@MHY@QXL@MSDMDQA@RDRCDC@SNR BNMHMBKTRHbMCDK@CNBTLDMS@BHbMXKNR
@RODBSNROQDRTOTDRS@QHNR

 L@MDQ@CDHMUNKTBQ@Q@KNRTRT@QHNR BNLOHK@CNQDRX@M@KHRS@RDMKNROQNFQ@L@RCDBNLONRHBHbM
CD@KHLDMSNR
 CbMCDRDOTDCDMDMBNMSQ@QC@SNRCDBNLONRHBHbMCD@KHLDMSNRXL@MDQ@CDITYF@QRTB@KHC@C
 BbLNRDCDADMDWOQDR@QKNRC@SNR
 L@MDQ@ CD NASDMDQ KNR C@SNR HMBKTHCNR KNR B\KBTKNR CD QDBDS@R
 X CD BNLOHK@QKNR  @OKHB@MCN
BNMRHCDQ@BHNMDRQDK@SHU@R@K@B@KHC@C
 HLONQS@MBH@CDKNRC@SNRCDBNLONRHBHbMCD@KHLDMSNRCDB@KHC@CDKDU@C@XRTRQDODQBTRHNMDR
DMK@HMFDRS@CDMTSQHDMSDRXRT@CDBT@BHbM

1@Q@DRSNRNAIDSHUNRCD@OQDMCHY@IDRDQDBNLHDMC@DKTRNCDKNRRHFTHDMSDRLbCTKNR DMO@QSDNDMRT
SNS@KHC@C


$DJHE:K99?VD


)XC;HE /TJKBE:;BCV:KBE /?;CFE
:;B ;IJ?C7:EF7H7
CV:KBE 9ECFB;J7HBE
 .MDI>DKDJN=YND>JN?@PIKMJBM<H<?@>JHKJND>D]I?@<GDH@IOJN  C
 3ODGDU<>D]I?@GJN?<OJN?@>JHKJND>D]I?@<GDH@IOJN  C
 1@G@>>D]ITIJH@I>G<OPM<?@GJN<GDH@IOJN@IG<N=<N@N?@?<OJN  C
?@>JHKJND>D]I?@<GDH@IOJN
 < 1@G@>>D]I?@>JHKJI@IO@N  C
 = ,JH@I>G<OPM<?@GJN>JHKJI@IO@N  C
 > !JIQ@I>DJI@NT@SKM@NDJI@N?@GJN>JHKJI@IO@N  C
 0@>PMNJNK<M<G<>JHKJND>D]I?@<GDH@IOJN  C
.P=GD><>D]I?@?<OJN?@>JHKJND>D]I?@<GDH@IOJN
 !YG>PGJN?@M@>@O<NTJOMJN>YG>PGJN  C
 !JHKDG<>D]IT?J>PH@IO<>D]I  C
 !JIND?@M<>DJI@NM@G<ODQ<N<G<><GD?<?@IG<>JHKDG<>D]I?@?<OJN  C

&IDLOKN  $TQRN RNAQD DK BNMRDFTHLHDMSN CD C@SNR @M@K`SHBNR CD BNLONRHBHbM CD @KHLDMSNR CD
B@KHC@CDKDU@C@
-NRNAIDSHUNRCD@OQDMCHY@IDODQLHSHQ\M@KNRDRSTCH@MSDRBNLOQDMCDQKNROQHMBHOHNRCDK@B@KHC@CCD
KNRC@SNR@M@K`SHBNRCDBNLONRHBHbMCD@KHLDMSNR @R`BNLN@OKHB@QKNRDMKNRRHFTHDMSDR\LAHSNR
 SNL@CDLTDRSQ@R
 RDKDBBHbMCDL_SNCNR@M@K`SHBNR@OQNOH@CNR
 @RODBSNRQDK@SHUNR@K@B@KHC@CCDKNRC@SNR@M@K`SHBNR
 DWOQDRHbMCDKNRC@SNR BNLONMDMSDRX@KHLDMSNR

 HLONQS@MBH@CDKNRC@SNRCDBNLONRHBHbMCD@KHLDMSNRCDB@KHC@CDKDU@C@XRTRQDODQBTRHNMDR
DMK@HMFDRS@CDMTSQHDMSDRXRT@CDBT@BHbM

1@Q@DRSNRNAIDSHUNRCD@OQDMCHY@IDRDQDBNLHDMC@DKTRNCDKNRRHFTHDMSDRLbCTKNR DMO@QSDNDMRT
SNS@KHC@C

)XC;HE /TJKBE:;BCV:KBE /?;CFE
:;B ;IJ?C7:E
CV:KBE F7H7
9ECFB;J7HBE
 3ODGDU<>D]I?@GJN?<OJN?@>JHKJND>D]I?@<GDH@IOJN N]GJGJN@E@M>D>DJN C
 1@G@>>D]ITIJH@I>G<OPM<?@GJN<GDH@IOJN@IG<N=<N@N?@?<OJN?@  C
>JHKJND>D]I?@<GDH@IOJN
 = ,JH@I>G<OPM<?@GJN>JHKJI@IO@N  C
 > !JIQ@I>DJI@NT@SKM@NDJI@N?@GJN>JHKJI@IO@N  C
 ? +ZOJ?JN?@<IYGDNDN?@GJN>JHKJI@IO@N  C
 2JH<?@HP@NOM<N  C
 NK@>OJNM@G<ODQJN<G<><GD?<??@GJN?<OJN<I<G[OD>JN  C
 !JIND?@M<>DJI@NM@G<ODQ<N<G<><GD?<?@IG<>JHKDG<>D]I?@?<OJN  C

&IDLOKN  4DLHM@QHN RNAQD K@ HLONQS@MBH@ CD KNR C@SNR CD BNLONRHBHbM CD @KHLDMSNR O@Q@ KNR
QDRONMR@AKDRCDK@SNL@CDCDBHRHNMDR
-NRNAIDSHUNRCD@OQDMCHY@IDODQLHSHQ\M@KNRO@QSHBHO@MSDR
 BNLOQDMCDQ K@ MDBDRHC@C CD C@SNR CD BNLONRHBHbM CD @KHLDMSNR CD B@KHC@C DKDU@C@ O@Q@
CHRSHMS@R@OKHB@BHNMDR
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6RNQDBNLDMC@CNDMK@RS@AK@RXA@RDRCDC@SNRCDBNLONRHBHbMCD@KHLDMSNR
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$K@RHEHB@BHbMCDKNRU@KNQDRCDKNRMTSQHDMSDR
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FDMDQ@Q\TMU@KNQBDQNO@Q@DKSNL@SDBNBHM@CN

 $NOH@QKNRU@KNQDRQDBH_MNASDMHCNRCDKNRMTSQHDMSDRDMK@K`MD@MTDU@ U_@RDDKO@RN
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CNBTLDMS@Q\MKNRMTDUNRU@KNQDR

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 $NOHDK@K`MD@ SNL@SDL@CTQNBQTCNpQDFHRSQNEHM@K
CDK@GNI@CDSQ@A@INCDK@tA@RDCDC@SNR
CDQDEDQDMBH@uXO_FTDK@DMK@GNI@CDSQ@A@INCDKNRtB\KBTKNRCDQDBDS@RuDMK@K`MD@6SHKHBDK@
ETMBHbM1&("%0&41&$*"-p7"-03&4
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 $NOHDK@RK`MD@RDMK@RK`MD@R DRCDBHQ BNOHDSNC@RK@REbQLTK@RO@Q@DKB\KBTKNCD
TM@ QDBDS@ CD TM RNKN HMFQDCHDMSD CDK DIDLOKN CDK @QQNYGDQUHCN O@Q@ B@KBTK@Q KNR U@KNQDR CD KNR
MTSQHDMSDRCDKSNL@SDGDQUHCNA@R\MCNRDDMDKSNL@SDBQTCN

 1NMF@ O@Q@F
DMK@B@RHKK@&XO@Q@DKE@BSNQBNLDRSHAKDCDKSNL@SDGDQUHCN B@RHKK@
2
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 DM & X DK RHRSDL@ B@KBTK@Q\ DK
ODRN BNBHM@CN U_@RD DK B@LAHN DM K@ B@RHKK@ & DK ODRN BNBHM@CN RD BNMUHDQSD DM  F 
B@KBTK@CN@O@QSHQCDFCDSNL@SDBQTCN@OKHB@MCNDKE@BSNQCDQDMCHLHDMSNCD 

 "GNQ@MDBDRHS@@ITRS@QK@EbQLTK@CDL@MDQ@PTDRDNASDMF@DKE@BSNQCDQDSDMBHbMCDMTSQHDMSDR
O@Q@K@RGNQS@KHY@RGDQUHC@RXDKE@BSNQCDQDMCHLHDMSNCDKSNL@SDGDQUHCN$@LAHDK@EbQLTK@CDK
OQHLDQ MTSQHDMSD &/&3$J+  NQHFHM@K
 DM K@ B@RHKK@ 3 -@ EbQLTK@ CDAD RDQ
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QDBNMNBDPTDK@B@RHKK@BNMSHDMDTM@EbQLTK@
 N9;FJE F7H7 ;B 7=K7 O ;B 3)  BNOHD DRS@ EbQLTK@ DM SNC@R K@R B@RHKK@R CD K@ K`MD@  GK;
J?;D;D KD L7BEH :; BEI DKJH?;DJ;I ;D B7 BTD;7   RH @OKHB@ K@ EbQLTK@ DM TM@ B@RHKK@ PTD MN
SDMF@ TM U@KNQ CD KNR MTSQHDMSDR CDK SNL@SD BQTCN &WBDK BQD@Q\ TM U@KNQ BDQN O@Q@ DK SNL@SD
GDQUHCN4DQ`@TMDQQNQHLONQS@MSD"R`OTDR G@XPTDSDMDQBTHC@CN@EHMCDDUHS@QBQD@QU@KNQDR
BDQNO@Q@DKSNL@SDGDQUHCN

 1@Q@DK9/ SNLDDKLHRLNU@KNQCDK@KHLDMSNBQTCN DK9/MNB@LAH@BNMK@BNBBHbM

 1@Q@DK@FT@G@XTM@EbQLTK@DRODBH@K&KRHRSDL@B@KBTK@@TSNL\SHB@LDMSDDKBNMSDMHCNCD@FT@CD
FCDKOK@SNBNBHM@CNA@R\MCNRDDMK@EbQLTK@HMSQNCTBHC@
 $NLOQTDADPTDG@B@KBTK@CNTMU@KNQCDKNRMTSQHDMSDRO@Q@DKSNL@SDGDQUHCNRNK@LDMSDRHG@A`@
TM U@KNQ DM K@ K`MD@  CDK SNL@SD BQTCN ANQQD DK  RH MN G@A`@ MHMFdM U@KNQ DM K@ K`MD@ CDK
SNL@SDBQTCNDMB@RNBNMSQ@QHNRDBQD@MU@KNQDRBDQNO@Q@KNRPTDE@KS@M KNBT@K BNLNX@RDG@
CHBGN RDQ`@TMDQQNQHLONQS@MSDo1QDRSD@SDMBHbM

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K`MD@DMK@GNI@CDSQ@A@INCDK@tA@RDCDC@SNRCDQDEDQDMBH@uDMK@K`MD@CDKSNL@SDGDQUHCN

D>EH78K;D7


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MdLDQNRNK@REbQLTK@RCDK*MRSQTLDMSNCDBNLOHK@BHbMDMK@QDROTDRS@BNQQDRONMCHDMSD

3DROTDRS@

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:8C:LC8;FJJ@J<8GC@:8I8<CDTKF;F;<CFJ PINJGJDIBM@?D@IO@TGJNA<>OJM@N?@
@E>I<;@<EK<JF;<C8I<:<K8,<JGFE;8-UF(FP M@I?DHD@IOJT?@M@O@I>D]I?@IPOMD@IO@NN@
ALJK@=@HL<C8I<JGL<JK8  <KGD><I<G<GDH@IOJLP@@N@GDIBM@?D@IO@TG<
NPH<?@GJNDIBM@?D@IO@N<GHDNHJOD@HKJ 

1@Q@RTHMENQL@BHbM
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DR  KNRU@KNQDRCDKNRMTSQHDMSDRCDKSNL@SDGDQUHCNCDADMRDQ@KQDCDCNQCDTMONQBHDMSNRTODQHNQDR
@ KNR CDK SNL@SD BQTCN 1@Q@ KNR MTSQHDMSDR BNM E@BSNQDR CD QDSDMBHbM CD MTSQHDMSDR K@ CHEDQDMBH@ RDQ\
LDMNQ

1@Q@B@KBTK@QONQOQHLDQ@UDYTM@QDBDS@RDOTDCDMDBDRHS@QTM@GNQ@$T@MCNSDMF@@KFNCDDWODQHDMBH@ 
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;BCRJE:EC?NJE:;B7IH;9;J7I 0J?B?9;;B$DIJHKC;DJE:;9ECF?B79?VD L;HI?VD   O97B9KB;BEI
L7BEH;I :; BEI DKJH?;DJ;I :; B7 H;9;J7 I?=K?;D:E B7I ?DIJHK99?ED;I GK; <?=KH7D 7 9EDJ?DK79?VD 
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018;?:A@>51:@1?01/A-8=A51>>1/1@-.-?G:0;?11:185:3>1051:@1/>A0;/;>>1?<;:051:@1
 *MSQNCTBHQK@RK`MD@RBNMKNR@KHLDMSNRBQTCNRXKNRU@KNQDRCDRTRMTSQHDMSDRDMK@GNI@CDB\KBTKN
CDK@RQDBDS@R O@Q@BNOH@QKNRU@KNQDRRDTSHKHY@DK1&("%0&41&$*"-pMN1DF@Q
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CDKNRMTSQHDMSDRRNMONQF
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B@KBTK@CNR
 $QD@Q TM@ K`MD@ O@Q@ B@C@ HMFQDCHDMSD X @C@OS@Q DK ODRN CD B@C@ HMFQDCHDMSD CD @BTDQCN BNM RT
ODRNBNLDRSHAKDDMK@QDBDS@
 &KDFHQTMRHRSDL@CDB\KBTKNCDQDBDS@R L_SNCNCDK@RQDBDS@R CDKNRHMFQDCHDMSDRNLHWSN

 &W@LHM@QK@REbQLTK@RCDKDIDLOKNCDK@QDBDS@XSQ@S@QCDBNLOQDMCDQK@
 'bQLTK@DMK@B@RHKK@CDKODRNBNBHM@CNCDK@QDBDS@DRDKOQNCTBSNCDKODRNBQTCNONQDK@BSNQ
CDQDMCHLHDMSN/NDRMDBDR@QHN@C@OS@QK@EbQLTK@
 -@ EbQLTK@ O@Q@ B@C@ U@KNQ CD KNR MTSQHDMSDR CD KNR HMFQDCHDMSDR RD BNMRSQTXD CD K@ LHRL@
L@MDQ@ DWBDOSNO@Q@DK9/XDK@FT@DRDKOQNCTBSNCDKU@KNQCDKNRMTSQHDMSDRCDK@KHLDMSN
BQTCNONQRTOQNONQBHbMDMK@QDBDS@ LTKSHOKHB@CNONQDKE@BSNQCDQDSDMBHbMCDKMTSQHDMSDCDK
FQTON CD @KHLDMSNR X DK L_SNCN CD BNBBHbM BNQQDRONMCHDMSD &M DRSD DIDLOKN  K@ DMDQF`@ CD
FCD@QQNYGDQUHCNRDB@KBTK@BNMK@EbQLTK@t3 &
3u&MK@EbQLTK@RD
LTKSHOKHB@
DKU@KNQCDKNRMTSQHDMSDRCD@QQNYAK@MBNBQTCNO@Q@F 3
ONQDKODRN
CDK @QQNY DM K@ QDBDS@ &
  PTD RD CHUHCD ONQ  O@Q@ HMCHB@Q K@ OQNONQBHbM CD @QQNY
BNBHM@CNDMK@QDBDS@%DROT_RRDLTKSHOKHB@ONQDKE@BSNQCDQDSDMBHbMCDMTSQHDMSDRCDKFQTON
CD@KHLDMSNRBDQD@KDRXOQNCTBSNRCDQHU@CNRpBNBHCNR 3
&RMDBDR@QHNTSHKHY@QDKRHFMN

 
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CDK@MSDCDK@&XCDO@Q@HMCHB@Q@&WBDKPTDRHDLOQDRDCHQHI@@DRS@B@RHKK@DRODB`EHB@ ODRN
CDK@QQNYDMK@QDBDS@
S@LAH_MBT@MCNRDBNOH@K@EbQLTK@O@Q@B@KBTK@QNSQNRU@KNQDRCDKNR
MTSQHDMSDRO@Q@KNRMTSQHDMSDRQDRS@MSDR
 -@EbQLTK@CDK@RTL@CDKNRU@KNQDRCDKNRMTSQHDMSDRCDSNCNRKNRHMFQDCHDMSDRCDK@QDBDS@
HMCHB@K@RTL@CDKNRU@KNQDRCDKNRMTSQHDMSDRCDK@QDBDS@&IDLOKN46. 33
HMCHB@
PTDK@RTL@RDB@KBTK@@O@QSHQCDKNRU@KNQDRCDK@DMDQF`@CDKNRSQDRHMFQDCHDMSDRCDK@QDBDS@
4H RD HMBKTXD TM MdLDQN CD HMFQDCHDMSDR CHEDQDMSD  RD SHDMD PTD G@BDQ TM@ @C@OS@BHbM 1NQ
DIDLOKN RHG@XBT@SQNHMFQDCHDMSDR K@RTL@CDADHMBKTHQKNRBT@SQNHMFQDCHDMSDR
 -@ EbQLTK@ CD KNR U@KNQDR CD KNR MTSQHDMSDR CD K@ QDBDS@ ONQ  F RD BNMRSQTXD CD K@ LHRL@
L@MDQ@ DWBDOSN O@Q@ DK @FT@ X DK 9/
 DR DK OQNCTBSN CD K@ RTL@ CD KNR U@KNQDR CD KNR
MTSQHDMSDRCDKNRHMFQDCHDMSDR CHUHCHCN 
ONQDKODRNCDK@QDBDS@BNBHM@C@XLTKSHOKHB@CNONQ
  O@Q@ NASDMDQ U@KNQDR CD KNR MTSQHDMSDR ONQ  F CD K@ QDBDS@ 1NQ DIDLOKN
t3& uRHFMHEHB@PTDK@RTL@CDKNRU@KNQDRCDDMDQF`@CDKNRHMFQDCHDMSDR 3

RD CHUHCD 
 ONQ DK ODRN CD K@ QDBDS@ BNBHM@C@ &
 X RD LTKSHOKHB@ ONQ  O@Q@ NASDMDQ
U@KNQDRCDKNRMTSQHDMSDRONQFCDK@QDBDS@&KRHFMNCDK@MSDCD&XCDDRMDBDR@QHN
O@Q@HMCHB@Q@&WBDKPTDRHDLOQDRDCHQHI@@DRS@B@RHKK@DRODB`EHB@ ODRNCDK@QDBDS@BNBHM@C@

S@LAH_M BT@MCN RD BNOH@ K@ EbQLTK@ O@Q@ B@KBTK@Q NSQNR U@KNQDR CD KNR MTSQHDMSDR O@Q@ KNR
MTSQHDMSDRQDRS@MSDR
 -@EbQLTK@O@Q@DKU@KNQCDK@FT@DRDKOQNCTBSNCDKU@KNQCDK@FT@CDK@KHLDMSNBQTCNLDMNRK@
CHEDQDMBH@ DMSQD DK ODRN BQTCN X BNBHM@CN CDK @KHLDMSN  CHUHCHCN ONQ DK ODRN BNBHM@CN &K
QDRTKS@CNRDLTKSHOKHB@ONQO@Q@NASDMDQFCDODRNCDK@KHLDMSN/NRDCDAD@C@OS@QK@
EbQLTK@
 -@ EbQLTK@ CD K@ B@RHKK@ CDK 9/ DR DK OQNCTBSN CDK U@KNQ CD K@R OQNSD`M@R CHUHCHCN 
 ONQ DK
U@KNQCDKMHSQbFDMN1NQDIDLOKNt:9uRHFMHEHB@PTDDKU@KNQCDK@ROQNSDHM@R :

RDCHUHCDONQDKU@KNQCDKMHSQbFDMN 9
/NRDCDAD@C@OS@QK@EbQLTK@
 $NOH@QK@REbQLTK@RO@Q@B@KBTK@QKNRU@KNQDRCDKNRMTSQHDMSDR@O@QSHQCDKDIDLOKN O@Q@BNOH@QK@R
EbQLTK@RRDTSHKHY@1&("3pMN1DF@CNDRODBH@K

 *MSQNCTBHQDKE@BSNQCDQDMCHLHDMSNBNQQDBSNCDK@QDBDS@DMK@B@RHKK@&
 "C@OS@QK@EbQLTK@O@Q@B@KBTK@QKNRU@KNQDRCDKNRMTSQHDMSDRCDL@MDQ@PTDRDBNQQDRONMC@MBNM
KNR E@BSNQDR BNQQDBSNR CD QDMCHLHDMSN X CD QDSDMBHbM CD MTSQHDMSDR X K@R B@RHKK@R BNQQDBS@R PTD
BNMSHDMDMKNRU@KNQDRCDKNRMTSQHDMSDRCDKNR@KHLDMSNRBQTCNRXBNOH@QK@EbQLTK@@C@OS@C@O@Q@
SNCNRKNRU@KNQDRDWBDOSNDKXDK9/
 /NRDCDAD@C@OS@QK@EbQLTK@DMK@RB@RHKK@RCDKODRNBNBHM@CNCDK@QDBDS@ @FT@X9/
 &MDRSDDIDLOKN @C@OS@QK@DMDQF`@CDFCD@QQNYAK@MBNGDQUHCN PTDRDB@KBTK@BNMK@
EbQLTK@t3 &
3u&MK@EbQLTK@RDLTKSHOKHB@
DKU@KNQCDKNRMTSQHDMSDR
CD @QQNY AK@MBN BQTCN ONQ  F 3
 ONQ DK ODRN CDK @QQNY DM K@ QDBDS@ &
 PTD RD
CHUHCDDMSQDO@Q@HMCHB@QK@OQNONQBHbMCD@QQNYBNBHCNDMK@QDBDS@%DROT_RRDLTKSHOKHB@
ONQ DK E@BSNQ CD QDSDMBHbM CD MTSQHDMSDR CDK FQTON CD @KHLDMSNR tBDQD@KDR X OQNCTBSNR
CDQHU@CNR p BNBHCNRu 3
  &K RHFMN  CDK@MSD CD & X CD  DR MDBDR@QHN O@Q@ PTD &WBDK
RHDLOQDRDCHQHI@@DRS@B@RHKK@ ODRNCDK@QQNYDMK@QDBDS@
S@LAH_MBT@MCNRDBNOH@K@EbQLTK@
O@Q@B@KBTK@QNSQNRU@KNQDRCDKNRMTSQHDMSDRO@Q@KNRMTSQHDMSDRQDRS@MSDR)@F@KNLHRLNO@Q@
KNRU@KNQDRCDDMDQF`@CDKNRSNL@SDRXK@L@QF@QHM@ PTDRHDLOQDCDADMQDEDQHQRD@KNRE@BSNQDR
CDQDSDMBHbMCDKNRFQTONRCDtUDQCTQ@RpEQHS@RuXt@BDHSDRXFQ@R@RpEQHSNR
QDRODBSHU@LDMSD
 "C@OS@QONQDIDLOKN46. 33
PTDHMCHB@PTDK@RTL@RDB@KBTK@CDKNRU@KNQDRCD
K@DMDQF`@CDKNRSQDRHMFQDCHDMSDRCDK@QDBDS@&MDRSDB@RN MNRDMDBDRHS@@C@OS@QK@QDBDS@ 
OTDRSNPTDDRS@SHDMDSQDRHMFQDCHDMSDR/NNARS@MSD DRMDBDR@QHNG@BDQTM@@C@OS@BHbMRHRD
HMBKTXDTMMdLDQNCDHMFQDCHDMSDRCHEDQDMSD1NQDIDLOKN RHG@XHMFQDCHDMSDR K@RTL@CDAD
HMBKTHQ KNR BT@SQN HMFQDCHDMSDR /N NKUHCD @C@OS@Q S@LAH_M K@ RTL@ CD KNR ODRNR CD KNR
HMFQDCHDMSDRCDK@QDBDS@ &
RHDRMDBDR@QHN
 "C@OS@Q ONQ DIDLOKNs t3& u  PTD RHFMHEHB@ PTD K@ RTL@ CD KNR U@KNQDR CD
DMDQF`@ CD KNR MTSQHDMSDR 3
 RD CHUHCD 
 ONQ DK ODRN CD K@ QDBDS@ BNBHM@C@ &
 X RD
LTKSHOKHB@ONQO@Q@NASDMDQU@KNQDRCDKNRMTSQHDMSDRONQFCDK@QDBDS@&KRHFMN
CDK@MSD CD & X  DR MDBDR@QHN O@Q@ PTD &WBDK RD CHQHI@ RHDLOQD @ DRS@ B@RHKK@ ODRN CD K@
QDBDS@ BNBHM@C@
 S@LAH_M BT@MCN RD BNOH@ K@ EbQLTK@ O@Q@ B@KBTK@Q NSQNR U@KNQDR CD KNR
MTSQHDMSDRO@Q@KNRMTSQHDMSDRQDRS@MSDR

 
(V:KBEaB7L;I

 &MDRSDDIDLOKN BNOHDSNC@RK@RB@RHKK@RPTDRDG@M@C@OS@CNO@Q@K@DMDQF`@ CDK@3@K@
3
XO_FTDK@RDMK@RB@RHKK@RBNQQDRONMCHDMSDR@KNRNSQNRMTSQHDMSDR DWBDOSNK@RCDK@FT@
X
DK9/

 7DQHEHB@QPTDRDG@GDBGNDKB\KBTKNBNQQDBS@LDMSDXPTDMNRDG@FDMDQ@CNMHMFdMU@KNQBDQNONQ
@BBHCDMSD RHMNDWHRSDMHMFdMU@KNQO@Q@SNCNRKNRHMFQDCHDMSDRXRDHMSQNCTBDK@EbQLTK@ &WBDK
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