Sie sind auf Seite 1von 16

&$7È/2*2'(352'872663'$

&$37$d­2
&$37257,32)5$1./,1&203217$6(526&$ô´

021 /DWmRQLTXHODGRGHVFLGD PP


021 /DWmRQLTXHODGRGHVFLGD PP
021 /DWmRQLTXHODGRGHVFLGDV PP
021 /DWmRQLTXHODGRGHVFLGDV PP

0,1,&$3725(6

0LQLFDSWRUGHDoRJDOYDQL]DGRjIRJR '1 PP


021 )L[DomR+25,=217$/FIXUR K PP
021 )L[DomR+25,=217$/FIXURV K PP
021 )L[DomR+25,=217$/FIXURV K PP
021 )L[DomR+25,=217$/FIXURV K PP
021 )L[DomR9(57,&$/FIXURV K PP
021 )L[DomR9(57,&$/FIXURV K PP
021 )L[DomR9(57,&$/FIXURV K PP
021 %DVH$57,&8/$'$FIXURV 
021 )L[DomR526&$62%(5%$ K PP
021 )L[DomR526&$62%(5%$ K PP
021 )L[DomR526&$0(&$1,&$ K PP
021 )L[DomR526&$0(&$1,&$ K PP
021 )L[DomR,16(5d­2526&$ K PP
021 )L[DomR,16(5d­2526&$ K PP

0LQLFDSWRUGHDOXPtQLR
021 )L[DomRKRUL]RQWDO´[´[PP
021 )L[DomRKRUL]RQWDO´[´[PP
021 )L[DomRKRUL]RQWDO´[´[PP
021 )L[DomRKRUL]RQWDO´[´[PP

3267(6$872683257È9(,6'($d2*)&5('8d­2ô´
&$3725)5$1./,1
5('8d­2[
( 021 3RVWHPyGXORV ´´ K P
021 3RVWHPyGXORV ´´ K P
3267(+ HP/,95(6
3267(+ HP/,95(6

'
021 3RVWHPyGXORV ´´ K P
021 3RVWHPyGXORV ´´´ K P
3267(+ /,95(6

&
021 3RVWHPyGXORV ´´´ K P
FP

021 3RVWHPyGXORV ´´´ K P


%
021 3RVWHPyGXORV ´´´´ K P
$
021 3RVWHPyGXORV ´´´´ K P
021 3RVWHPyGXORV ´´´´ K P




&21&5(72


0$67526

0DVWURVVLPSOHVDoRJDOYDQL]DGRjIRJRFRPUHGXomRô´
021 0DVWURVLPSOHVPRGXOR ´[P
021 0DVWURVLPSOHVPyGXORV ´[P
021 0DVWURVLPSOHVPyGXORV ´[P
021 0DVWURVLPSOHVPyGXORV ´[P
021 0DVWURVLPSOHVPyGXOR ´[P
021 0DVWURVLPSOHVPyGXORV ´[P
021 0DVWURVLPSOHVPyGXORV ´[P
021 0DVWURVLPSOHVPyGXORV ´[P
0DVWURVWHOHVFySLFRDoRJDOYDQL]DGRjIRJRFRPUHGXomRô´
021 0DVWURWHOHVFySLFR´´ P
021 0DVWURWHOHVFySLFR´´ P


,62/$'25(628683257(*8,$($%5$d$'(,5$

,VRODGRUHVRXVXSRUWHJXLDSDUDPDVWURJDOYDQL]DGDDIRJR
021 6LPSOHVGHVFLGDSPDVWUR ‘´
021 5HIRUoDGRGHVFLGDSPDVWUR ‘´
021 6LPSOHVGHVFLGDSPDVWUR ‘´
021 5HIRUoDGRGHVFLGDSPDVWUR ‘´
021 6LPSOHVGHVFLGDVSPDVWUR ‘´
021 5HIRUoDGRGHVFLGDSPDVWUR ‘´
021 6LPSOHVGHVFLGDVSPDVWUR ‘´
021 5HIRUoDGRGHVFLGDSPDVWUR ‘´
$EUDoDGHLUDSDUDDWHUUDPHQWRGHPDVWURVJDOYDQL]DGDDIRJR
021 $EUDoDGHLUDSDUDGHPDVWURV¡
021 $EUDoDGHLUDSDUDGHPDVWURV¡

(67$,$0(1726

(VWDLDPHQWRUtJLGRWXEXODU
021 HVWDLVGHPSPDVWURV ‘´
021 HVWDLVGHPSPDVWURV ‘´
021 HVWDLVGHPSPDVWURV ‘´
021 HVWDLVGHPSPDVWURV ‘´
021 HVWDLVGHPSPDVWURV ‘´
021 HVWDLVGHPSPDVWURV ‘´
(VWDLDPHQWRÀH[tYHOGHFDERGHDoR
021 HVWDLVGHPSPDVWURV ‘´
021 HVWDLVGHPSPDVWURV ‘´
021 HVWDLVGHPSPDVWURV ‘´
021 HVWDLVGHPSPDVWURV ‘´
021 HVWDLVGHPSPDVWURV ‘´
021 HVWDLVGHPSPDVWURV ‘´

%$6(6($32,26

%DVHGH$/80Ë1,2IXQGLGRSDUDPDVWURV
021 %DVHDOXPtQLRSPDVWURV ‘´
021 %DVHDOXPtQLRSPDVWURV ‘´
%DVHGH$d2JDOYDQL]DGRjIRJR
021 %DVH$d2*)SPDVWURV ‘´
021 %DVH$d2*)SPDVWURV ‘´
%DVHSRUWDEDQGHLUD*)VLPSOHVSDUDPDVWURV
021 %DVHSRUWDEDQGHLUD6,03/(6SPDVWURV‘´
021 %DVHSRUWDEDQGHLUD6,03/(6SPDVWURV ‘´
%DVHSRUWDEDQGHLUDUHIRUoDGDJDOYDQL]DGDDIRJR
021 %DVHSRUWDEDQGHLUD5()25d$'$SPDVWURV ‘´
021 %DVHSRUWDEDQGHLUD5()25d$'$SPDVWURV ‘´
$SRLRSRUWDEDQGHLUDJDOYDQL]DGDDIRJR
021 $SRLRSRUWD%DQGHLUDSPDVWURV ‘´
021 $SRLRSRUWD%DQGHLUDSPDVWURV ‘´

6,1$/,=$d­2$e5($

021 6LQDOL]DGRUVLPSOHV OkPSDGD FUHOpHEDVH


021 6LQDOL]DGRUGXSOR OkPSDGDV FUHOpHEDVH
021 0DVWUR%DOL]DGRU$pUHRGHDoR*)K PFRPURVFDô´
021 6XSRUWHSDUDVLQDOL]DGRUHVSPDVWURVGH¡´
021 6XSRUWHSDUDVLQDOL]DGRUHVSPDVWURVGH¡´
127$6LQDOL]DGRUQmRDFRPSDQKD021GHYHQGRVHUDGTXLULGR
VHSDUDGDPHQWH
ZZZPRQWDOFRPEU 
&$37$d­2
*8,$'(0217$*(0'(0$67526($&(66Ï5,26

5DLRGHSURWHomRHPIXQomRGDFODVVH

$OWXUDGR0DVWUR
Įƒ
GHSURWHomR1%5
$/785$'2
, ,, ,,, ,9
0$6752 P
ϯ ϲ͕ϳϰ ϴ͕ϳϭ ϭϬ͕ϲϰ ϭϮ͕Ϭϯ
ϰ ϳ͕ϱϮ ϵ͕ϵ ϭϮ͕ϯϭ ϭϯ͕ϵϱ
ϲ ϴ͕ϵ ϭϭ͕Ϯϴ ϭϰ͕ϴϱ ϭϳ͕ϰϯ
ϵ ϭϬ ϭϯ͕ϯϰ ϭϲ͕ϵϯ ϮϬ͕Ϯϭ
5DLRGH3URWHomR


ZZZPRQWDOFRPEU 
&21'8725(6
&21'8725(6'(&2%5(($d2&2%5($'2

&DERQ~
021 &DERGHFREUHQXPPð ¿RV¡PP±1%5
021 &DERGHFREUHQXPPð ¿RV¡PP±1%5
021 &DERGHFREUHQXPPð ¿RV¡PP±1%5
021 &DERGHFREUHQXPPð ¿RV¡PP±1%5
021 &DERGHFREUHQXPPð ¿RV¡PP±1%5
021 &DERGHFREUHQXPPð ¿RV¡PP±1%5
&DERLVRODGR
021 &DERGHFREUHÀH[tYHOLVRODGRPPðFRUYHUGH
021 &DERGHFREUHÀH[tYHOLVRODGRPPðFRUYHUGH
021 &DERGHFREUHÀH[tYHOLVRODGRPPðFRUYHUGH
%DUUDFKDWDGHFREUH
021 %DUUDFKDWDGHFREUHHOHWUROtWLFR´[´[P PPð
021 %DUUDFKDWDGHFREUHHOHWUROtWLFR´[´[P PPð
&RQGXWRUHVGH$d2&2%5($'2
021 &DERDoRFREUHDGR,$&6PPð [PP1%5
021 &DERDoRFREUHDGR,$&6PPð [PP1%5

&21'8725(6'($/80Ë1,2

&DERQ~
021 &DERGHDOXPtQLRQXVHPDOPD$:*
PPð¿RV[¡PP1%5
%DUUDFKDWD¿WD
021 %DUUDFKDWDFIXURVHHQFDL[H´[´[P PPð
021 %DUUDFKDWDFIXURVHHQFDL[H´[´[P PPð
021 %DUUDFKDWDFIXURVHHQFDL[H´[´[P PPð
021 &XUYDKRUL]RQWDOÛ[FP´[´
021 &XUYDKRUL]RQWDOÛ[FP´[´
021 &XUYDKRUL]RQWDOÛ[FP´[´
021 &XUYDYHUWLFDOÛ[FP´[´
021 &XUYDYHUWLFDOÛ[FP´[´
021 &XUYDYHUWLFDOÛ[FP´[´
021 *UDPSRSODQRWLSR;SEDUUDFKDWDGHDOXPtQLR

&21'8725(6'($d2(63'$(6758785$/

&DERQ~
021 &RUGRDOKDGHDoR¿RV*DOYDQL]DGDjIRJR¡´±PPð
021 &RUGRDOKDGHDoR¿RV*DOYDQL]DGDjIRJR¡´±PPð
9HUJDOKmR5(%$5
021 9HUJDOKmR5(%$5*)PPð ‘PP [P
021 9HUJDOKmR5(%$5*)PPð ‘PP [P
021 9HUJDOKmR5(%$5*)´[P PPð
021 9HUJDOKmR5(%$5*)´[P PPð
&RQH[mR63'$(VWUXWXUDO
021 &RQHFWRU(VWUXWXUDO,QVHUW´UHJXODJHPPP
021 &RQHFWRU(VWUXWXUDO*DQFKR,QVHUWSDoRGHDPP
021 *UDPSRJDOYDQL]DGR‘´SHPHQGDGHEDUUDV
021 &RQHFWRUFUDELFKRURVFD81&PPð
021 3ULVLRQHLURUHGXWRUSDUD
021 3DUDIXVRLQR[[
021 3DUDIXVRLQR[[


),;$d­2
),;$d­2'(&21'8725(6

3UHVLOKDV
021 3UHVLOKDGHODWmRFRPIXURPPSFDERVPPð
021 3UHVLOKDGHODWmRFRPIXURPPSFDERVPPð
021 3UHVLOKDGHODWmRFIXURPPSFDERVPPð
021 3UHVLOKDODWmRHVWDQKDGRFRPIXURPPSDUDFDERVPPð
021 3UHVLOKDODWmRHVWDQKDGRFRPIXURPPSDUDFDERVPPð
8QKDV
021 8QKDGHODWmRFRPIXURPPSFDERVPPð
021 8QKDGHODWmRFRPIXURPPSFDERVPPð

2PHJDV
021 2PHJDGHODWmRFRPIXURPPSFDERVPPð
021 2PHJDGHODWmRFRPIXURPPSFDERVPPð

$FHVVyULRV
021 6XSRUWHSULVLRQHLURGHODWmRURVFDVREHUEDó´;PP
021 *UDPSRWUDYDFDERODWmRHVWDQKDGRPPðIXURV¡PP
021 'LVFR,QR[(VSDoDGRUFRPSDUDIXVRó´
021 (VSDoDGRUDOXPtQLRž[PPFIXURPP

6HODQWHV&RODV
021 6HODQWHGHSROLXUHWDQRELVQDJDPOJ
021 6HODQWH06PO
021 $GHVLYR(SR[L7HFERQG7L[NJ±&RPSRQHQWHV$%

,62/$'25(6

,VRODGRUHVVXSRUWHJXLDVLPSOHVFP
021 ,VRODGRUVLPSOHVFKDSDGHHQFRVWR
021 ,VRODGRUVLPSOHVURVFDVREHUED
021 ,VRODGRUVLPSOHVURVFDPHFkQLFD
021 ,VRODGRUVLPSOHVSDUDFKXPEDU

,VRODGRUHVVXSRUWHJXLDUHIRUoDGRVFP
021 ,VRODGRUUHIRUoDGRFKDSDGHHQFRVWR*)
021 ,VRODGRUUHIRUoDGRURVFDVREHUED*)
021 ,VRODGRUUHIRUoDGRURVFDPHFkQLFD*)
021 ,VRODGRUUHIRUoDGRSDUDFKXPEDU*)
021 ,VRODGRUUHIRUoDGR¿[DomRž*)

,VRODGRUHVVXSRUWHJXLDFXUWRVFP
021 ,VRODGRUFXUWRVLPSOHVFKDSDGHHQFRVWR*)
021 ,VRODGRUFXUWRVLPSOHVURVFDVREHUED*),
021 ,VRODGRUFXUWRVLPSOHVURVFDPHFkQLFD*)
021 ,VRODGRUFXUWRVLPSOHVSDUDFKXPEDU*)
021 ,VRODGRUFXUWR¿[DomRžSDUDTXLQDV*)

7HQVLRQDGRUGHFDERV
021 7HQVLRQDGRUSFDERGHFREUHDWp00

ZZZPRQWDOFRPEU 
),;$d­2
3$5$)862325&$6$558(/$6%8&+$6

$XWRDWDUUD[DQWHVURVFDVREHUED
021 3DUDIXVRLQR[FDEHoDSDQHOD3KLOLSVDXWRDWDUUD[DQWH
;PP
021 3DUDIXVRLQR[URVFDVREHUEDFDEHoDVH[WDYDGD0;PP
021 3DUDIXVRVH[WDYDGRDXWREURFDQWHFDUUXHODYXOFDQL]DGD
ó´;´

5RVFDPHFkQLFD
021 3DUDIXVRLQR[´;´ 3%$55$&+$/80´H´
021 3DUDIXVRLQR[[´ 3%$55$&+$/80´[´
021 3DUDIXVRLQR[FDEHoDVH[WDYDGD‘´;´
021 3DUDIXVRLQR[FDEHoDVH[WDYDGD‘´;´
021 3DUDIXVRDOXPtQLR´;´ 3%$55$&+$/80´´
021 3DUDIXVRDOXPtQLR´;´ 3%$55$&+$/80´
021 3RUFDVH[WDYDGDLQR[‘´
021 3RUFDVH[WDYDGDLQR[‘
021 $UUXHODOLVDLQR[‘´
021 $UUXHODOLVDLQR[‘´
021 $UUXHODSUHVVmRLQR[‘´
021 $UUXHODSUHVVmRLQR[‘´
021 $UUXHODIXQLOHLURLQR[‘´
021 $UUXHODUHWDGHERUUDFKD‘´
021 $UUXHODOLVDDEDODUJD‘0,12;

/DWmR
021 3DUDIXVRODWmRFDEHoDFKDWD´;´
021 3DUDIXVRODWmRFDEHoDFKDWD´;´
021 3RUFDVH[WDYDGDODWmR‘´
021 $UUXHODOLVDODWmR‘´

5HELWHV
021 5HELWHGHUHSX[R;
021 5HELWHGHUHSX[R;
021 5HELWHGHUHSX[R;
021 5HELWHGHUHSX[R;

%XFKDV
021 %XFKDGHQ\ORQ6
021 %XFKDGHQ\ORQ6
021 %XFKDGHQ\ORQ6
021 %XFKDGHQ\ORQ6
021 %XFKDGHQ\ORQ.
021 %XFKDGHQ\ORQ8;FRPDED
021 %XFKDGHQ\ORQ8;FRPDED

6HODQWHV
021 6HODQWHGHSROLXUHWDQRELVQDJDPOJ
021 6HODQWH06PO


&21(;­2
6SOLWEROW
1DWXUDO (VWDQKDGR %LPpWDOLFR
0211 021( 021 &RQHFWRUVSOLWEROWPPð
0211 021( 021 &RQHFWRUVSOLWEROWPPð
0211 021( 021 &RQHFWRUVSOLWEROWPPð
0211 021( 021 &RQHFWRUVSOLWEROWPPð
0211 021( 021 &RQHFWRUVSOLWEROWPPð
0211 021( 021 &RQHFWRUVSOLWEROWPPð
3DUDOHORV
021 8QLmRSDUDOHODGHDOXPtQLRFSDUDIXVRPPð
021 8QLmRSDUDOHODGHDOXPtQLRFSDUDIXVRVPPð
021 &RQHFWRUSDUDOHORGHEURQ]H$:* PPð
021 &RQHFWRUSDUDOHORGHEURQ]HHVWDQKDGRDZJ PP
)L[DomR
021 &RQHFWRUSDUDIXVRIHQGLGRFVDSDWDHPODWmRHVWDQKDGR
PPð ¿[DGRUXQLYHUVDO
021 &RQHFWRUSDUDIXVRIHQGLGRFVDSDWDHPODWmRHVWDQKDGR
PPð ¿[DGRUXQLYHUVDO
021 &RQHFWRUSDUDIXVRIHQGLGRHPODWmRFRPUDELFKR
URVFDVREHUEDó´SFDERVPPð
021 &RQHFWRUSDUDIXVRIHQGLGRHPODWmRHVWDQKDGRFRPUDELFKR
URVFDPHFkQLFD´SDUDFDERVPPð
021 &RQHFWRUSDUDIXVRIHQGLGRHPODWmRHVWDQKDGRFRPUDELFKR
URVFDPHFkQLFD0SDUDFDERVPPð

(PHQGDHPHGLomR
0213 &RQHFWRUGHODWmRFSDUDIXVRVSFDERVDPPð
0213 &RQHFWRUGHODWmRFSDUDIXVRVSFDERVDPPð
021 &RQHFWRUGH%URQ]HFSDUDIXVRVSFDERVDPPð
021 &RQHFWRUSDUDOHORGHEURQ]HHVWDQKDGRDZJ PP

&RQH[mRGHPLQLFDSWRUHVHYHUJDOK}HV
021 &RQHFWRU0LQL*UDPSRHPODWmRHVWDQKDGR´
SFDERVDPPð
021 *UDPSRHPODWmRHVWDQKDGR´´SFDERVDPPð
021 &RQHFWRUSDUDIXVRIHQGLGRELPHWiOLFRFIXURPP
SFDERVDPPð
021 &RQHFWRUSDUDIXVRIHQGLGRFVDSDWDHPODWmRHVWDQKDGR
PPð ¿[DGRUXQLYHUVDO
021 *UDPSRJDOYDQL]DGR´ HPHQGDGH5(%$5
021 &RQHFWRUSDUDIXVRIHQGLGRFVDSDWDHPODWmRHVWDQKDGR
PPð ¿[DGRUXQLYHUVDO

&UX]DPHQWR
021 *UDPSRSFUX]DPHQWRGHFDERVGHDoRFREUHDOXPtQLQLR
DPPð
021 7HUPLQDOGHSUHVVmRHPFUX]SGRLVFDERVGH&2%5(PPð
021 8QLmRSDUDOHODGHDOXPtQLRPXOWLGLUHFLRQDOPP
021 *UDPSRSODQRWLSR;SEDUUDFKDWDGHDOXPtQLR

*UDPSRV
021 &RQHFWRUWHUUDVLPSOHVGHEURQ]HFDERPPð
WLSRJEP
021 &RQHFWRUWHUUDGXSORGHEURQ]HFDERPPðWLSRJE
021 *UDPSRFDERKDVWHGHODWmRWLSRDQHOSDUDKDVWH

ZZZPRQWDOFRPEU 
&21(;­2($7(55$0(172
7(50,1$/(/89$6
7HUPLQDOGHSUHVVmR
021 7HUPLQDOGHSUHVVmRHPODWmRPPð
021 7HUPLQDOGHSUHVVmRHPODWmRPPð
021 7HUPLQDOGHSUHVVmRHPODWmRPPð
021 7HUPLQDOGHSUHVVmRHPODWmRPPð
021 7HUPLQDOGHSUHVVmRHPODWmRPPð
7HUPLQDOGHFRPSUHVVmRFRPRXIXURV
)XUR )XURV
021 021 7HUPLQDOFRPSUHVVmRPPð
021  7HUPLQDOFRPSUHVVmRPPð
021 021 7HUPLQDOFRPSUHVVmRPPð
021 021 7HUPLQDOFRPSUHVVmRPPð
021 021 7HUPLQDOFRPSUHVVmRPPð
/XYDDFRPSUHVVmR
021 /XYDHVWDQKDGDFRPSUHVVmRPPð
021 /XYDHVWDQKDGDFRPSUHVVmRPPð
021 /XYDHVWDQKDGDFRPSUHVVmRPPð
021 /XYDHVWDQKDGDFRPSUHVVmRPPð
021 /XYDHVWDQKDGDFRPSUHVVmRPPð

*5$0326&$%2+$67(

*UDPSRVSDUDFDER
021 *UDPSR/DWmR1DWXUDOFDERPPðHKDVWH¡´´
021 *UDPSR/DWmR1DWXUDOFDERPPðHKDVWH¡´´
021 *UDPSR/DWmRHVWDQKDGRFDERPPðHKDVWH¡´´
021 *UDPSR/DWmRHVWDQKDGRFDERPPðHKDVWH¡´
021 *UDPSRFDERKDVWHGHODWmRWLSRDQHOSDUDKDVWH¡´´
*UDPSRVSDUDFDERV
021 *UDPSR/DWmR(VWDQKDGRFDERVPPðHKDVWH¡´´
021 *UDPSR%URQ]H1DWXUDOFDERVPPðHKDVWH¡´´

+$67(6

021 +DVWHDOWDFDPDGD0&´ ‘00 ;0


021 +DVWHDOWDFDPDGD0&´ ‘00 ;0
021 +DVWHDOWDFDPDGD0&´ ‘00 ;0
021 +DVWHDOWDFDPDGD0&´ ‘00 ;0
021 +DVWHFDQWRQHLUD*)3DGUmR&(0,*[[PP

7$03$6&$,;$6'(,163(d­2%(1721,7$
&DL[DVGHLQVSHomRWLSRVROR
021 &DL[DLQVSHomRVRORVHPWDPSD¡KPP
021 &DL[DLQVSHomRVRORVHPWDPSD39&¡KPP
021 &DL[DLQVSHomRVRORVHPWDPSD39&¡KPP
021 &DL[DLQVSHomRVRORVHPWDPSD39&¡KPP
&DL[DVGHLQVSHomRWLSRVROR
021 7DPSmRVLPSOHV‘PP
021 7DPSmRVLPSOHV‘PP
021 7DPSmRUHIRUoDGRDUWLFXODGRHTXDGUDGR‘FP
021 7DPSmRVXSHUUHIRUoDGRDUWLFXODGR7‘FP
%HQWRQLWDHWHUUDJHOSDUDGLPLQXLUUHVLVWrQFLDHOHWULFD
021 %HQWRQLWDVyGLFDDWLYDGD±VDFRNJ
021 7HUUDJHO±VDFRNJ


(48,327(1&,$/,=$d­2(036
&$,;$6'(,163(d­23$5$'(6&,'$6

021 &RQGXOHWHWLSR³&´HPDOXPtQLRVHPURVFDFRPWDPSD´
021 &DL[DGHLQVSHomRVXVSHQVDGHSROLDPLGD[±¡
021 &DL[DGHLQVSHomRVXVSHQVDGHSROLDPLGD[±¡
021 &DL[DGHLQVSHomRVXVSHQVDGHDOXPtQLR[±´
021 &DL[DGHLQVSHomRVXVSHQVDGHDOXPtQLR[±´

&$,;$6'((48,327(1&,$/,=$d­2
3527(d­2(%$55$0(172
&DL[DVGHHTXLSRWHQFLDOL]DomR
021 &DL[D;;FPFEDUUDPHQWRHWHUPLQDLV
XVRLQWHUQRH[WHUQR 
021 &DL[D;;FPFEDUUDPHQWRHWHUPLQDLV
XVRLQWHUQR
021 &DL[D;;FPFEDUUDPHQWRHWHUPLQDLV
XVRLQWHUQR
&DL[DVSDUDSURWHomRFRQWUDVXUWRV
021 &DL[DGH3URWHomRH(TXLSRWHQFLDOL]DomR[[
75,32/$5FRP)XVtYHLV'36FODVVH —V 
9N$HEDUUDPHQWR
021 &DL[DGH3URWHomRH(TXLSRWHQFLDOL]DomR[[
7(75$32/$5FRP)XVtYHLVH'36FODVVH —V 
9N$HEDUUDPHQWR
021 &DL[DGH3URWHomRH(TXLSRWHQFLDOL]DomR[[
75,32/$5FRP)XVtYHLVH'36FODVVH —V 
9N$HEDUUDPHQWR
021 &DL[DGH3URWHomRH(TXLSRWHQFLDOL]DomR[[
7(75$32/$5FRP)XVtYHLVH'36FODVVH —V 
9N$HEDUUDPHQWR
%DUUDPHQWRVGHFREUH
021 %DUUDPHQWR;PPFRPWHUPLQDLV 
021 %DUUDPHQWR;PPFRPWHUPLQDLV 
021 %DUUDPHQWR;PPFRPWHUPLQDLV 

'36±',6326,7,923527(725&2175$685726

021 '36N$±&ODVVH,,9
021 '36N$±&ODVVH,,9
021 '36N$±&ODVVH,,9
021 '36N$&ODVVHV,,,9

ZZZPRQWDOFRPEU 
(48,327(1&,$/,=$d­2(036
&20321(17(63$5$(48,327(1&,$/,=$d­2

021 )LWDSHUIXUDGDGHODWmRQLTXHODGR;PPURORFP
021 &RUGRDOKD)OH[tYHOGHFREUHQDWXUDO´±PP
021 &RUGRDOKD)OH[tYHOGHFREUHHVWDQKDGR´±PP
021 7HOD,QR[SHUIXUDGDHVSHVVXUD PPODUJXUD PP
021 *DUUDQHJDWLYDODWmRiPSHUHV
021 &RPSRVWRDQWLy[LGR±J
021 $WHUUDPHQWRPyYHOFPGHFDERPPð9

021

(/(752'8726($%5$d$'(,5$6

021 $EUDoDGHLUD³'´FRPFXQKD‘´35e=,1&$'$
021 $EUDoDGHLUD³'´FRPFXQKD‘´35e=,1&$'$
021 $EUDoDGHLUD³'´FRPFXQKD‘´35e=,1&$'$
021 $EUDoDGHLUD39&SDUDHOHWURGXWR‘´
021 $EUDoDGHLUD39&SDUDHOHWURGXWR‘´
021 $EUDoDGHLUD39&SDUDHOHWURGXWR‘
021 (OHWURGXWR39&‘´;0
021 (OHWURGXWR39&‘´;0
021 (OHWURGXWR39&‘´;0
021 /XYD39&‘´
021 /XYD39&‘´
021 /XYD39&‘
021 &XUYD39&ž‘´
021 &XUYD39&ž‘´
021 &XUYD39&ž‘´

6,1$/,=$d­2

021 )LWDVXEWHUUkQHDSDWHUUDPHQWRODUJXUDPP5RORP
021 3ODFDGHDGYHUWrQFLD39&DPDUHOR[FP
021 3ODFDGHDGYHUWrQFLD39&)272/80,1(6&(17([FP
021 3ODFDGHDGYHUWrQFLDHPYLQLODXWRFRODQWH[FP
021 3ODFDGHDGYHUWrQFLDÈ5($6$%(57$6GH39&
DPDUHOR[FP
021 6XSRUWH*)FSODFDPRQK P


62/'$(;27e50,&$
3Ï(;27e50,&2$/,&$7(6($&(66Ï5,26

3yH[RWpUPLFR
021 3yH[RWpUPLFRQž
021 3yH[RWpUPLFRQž
021 3yH[RWpUPLFRQž
021 3yH[RWpUPLFRQž
021 3yH[RWpUPLFRQž
021 3yH[RWpUPLFRQž
021 3yH[RWpUPLFRQž
021 3yH[RWpUPLFRQž
021 3yH[RWpUPLFRQž
$OLFDWHV
021 $OLFDWHSDUDPROGHVGHVROGDH[RWpUPLFD3(48(12
021 $OLFDWHSDUDPROGHVGHVROGDH[RWpUPLFD*5$1'(
021 *UDPSRDOLQKDGRUGHFDERVKDVWHV
021 *UDPSRDOLQKDGRUGHFDERV

3DOLWRGLVFRHVFRYDVDFHQGHGRUDFHVVyULRV
021 (VFRYDWLSRSODQDSOLPSH]DGHFRQGXWRUHV
021 (VFRYDHP9SDUDOLPSH]DGHFRQGXWRUHV
021 /LPSDGRUSDUDPROGHVXQLYHUVDO
021 3DOLWRLJQLWRUSDUDVROGDH[RWpUPLFD±FDL[DFRP
021 'LVFRGHUHWHQomRSDUDVROGDH[RWpUPLFD±FDL[DFRP
021 0DVVDGHYHGDomRSDUDVROGDH[RWpUPLFD±.J
021 /kPLQDGHDMXVWHGHGLkPHWURGHFRQGXWRUHV
021 %DWHGRUSFUDYDUKDVWHVGHDWHUUDPHQWRDWp‘
021 $FHQGHGRUGHSDOLWRLJQLWRU

&RQVXOWHQRVVRFDWiORJRHVSHFL¿FRGHVROGDH[RWpUPLFD
0XLWRPDLVRSo}HVGHFRQH[mRHLQIRUPDo}HV

&21(;®(602/'(6'(*5$),7(

ZZZPRQWDOFRPEU 
(
&RQHFWRUHVWUXWXUDO0217$/
FyGLJR021

RX

(
&RQHFWRUHVWUXWXUDO0217$/
FyGLJR021

ZZZPRQWDOFRPEU 
63'$(6758785$/
*XLDGHRULHQWDWLYRGHLQVWDODomR FRQIRUPH1%5

263'$(6758785$/FRPRXVRGRDoRGDHVWUXWXUDGHFRQFUHWRDUPDGRpRPDLVH¿FLHQWHGLVSHUVRUGDFRUUHQWHGDVGHVFDUJDV
DWPRVIpULFDVLQFHQWLYDGRLQFOXVLYHSHOD1%5(QWUHWDQWRpQHFHVViULRJDUDQWLUDFRQWLQXLGDGHHOpWULFDGHVGHRWRSRDWpD
IXQGDomR GD HGL¿FDomR 3DUD LVVR FRPR IRUPD VHJXUD FRQ¿iYHO H SUiWLFD GH DVVHJXUDU RV UHTXLVLWRV QRUPDWLYRV DGRWDVH R
YHUJDOKmRJDOYDQL]DGRjIRJR5(%$5GRLQJOrV5HLQIRUFLQJ%DU EDUUDGHUHIRUoR 25(%$5MXQWDPHQWHFRPR&21(&725
(6758785$/,16(57HSURFHGLPHQWRVHVSHFt¿FRVGHFRQH[mRHDPDUUDomRSURSRUFLRQDUiPi[LPDH¿FLrQFLDUHGXomRGUiVWLFD
GHFXVWRHLPSDFWRHVWpWLFRQDREUD

$REUDGHYHLQLFLDUFRPSURMHWRHVSHFt¿FRGH63'$FRPUHVSRQVDELOLGDGHUHJLVWUDGDMXQWRDR&5($&21)($SHORHQJHQKHLUR
HOpWULFRSURMHWLVWD

$TXDQWLGDGHGHSLODUHVXVDGRVFRPRGHVFLGDpGLPHQVLRQDGDSHODGLYLVmRGRSHUtPHWURGDHVWUXWXUDSHORHVSDoDPHQWRHQWUH
GHVFLGDVHPIXQomRGDFODVVHGR63'$ ,,, ,,, RX,9 P PXOWLSOLFDGRSRUGRLV([HPSOR3HUtPHWURGHPGLYLGLGRSHOR
HVSDoDPHQWRGHP FODVVH PXOWLSOLFDGRSRUGRLV ·[  SLODUHV$¿PGHPLQLPL]DURVULVFRVGHWHQVmRGHWRTXHHSDVVR
pPXLWRLPSRUWDQWHDXWLOL]DomRGHQRPtQLPRSLODUHVPHVPRTXDQGRRFiOFXORLQGLFDUXPDTXDQWLGDGHPHQRU263'$LGHDO
FRQVLGHUD72'26RVSLODUHVGDHVWUXWXUDFRPRGHVFLGDVHQGRDFRQVHOKiYHODDGRomRGHVWDSUiWLFDVHPSUHTXHSRVVtYHO

$7(55$0(1721$)81'$d­2

y 5HSUHVHQWDGRQRGHVHQKRSHODFRUYHUGHRDWHUUDPHQWRVHUiVHPSUHXPDQHOIHFKDGRFRP5(%$5021FLUFXODQGRR
SHUtPHWURGDIXQGDomRLQWHUOLJDQGRWRGDVDVGHVFLGDV25(%$5GHYH VHU DPDUUDGRIRUWHPHQWHFRPDUDPHUHFR]LGRDRV
HVWULERVHGHPDLVDoRV1DHPHQGDHQWUHEDUUDVXVDUWUrVFOLSV 021 REHGHFHQGRXPWUHVSDVVHGHFPFRQIRUPH
GHWDOKH$
y 8PWXEXOmRSRUSLODUXWLOL]DGRFRPRGHVFLGDGHYHUiWHUR5(%$5GHDWHUUDPHQWR021TXHWDPEpPGHYHUiVHULQVWDODGR
KRUL]RQWDOPHQWHQRIXQGRGDYLJDEDOGUDPHMXQWRFRPDVGHPDLVDUPDGXUDV$FRQH[mRHQWUHDEDUUDYHUWLFDO WXEXOmR H
KRUL]RQWDO YLJDGHFLQWDPHQWREDOGUDPH VHGiFRQIRUPHRGHWDOKH%
y 1DEDVHGRVSLODUHVGHYHUiVHULQVWDODGR&21(&725(6758785$/,16(57 021 SDUDPHGLo}HV GH FRQWLQXLGDGH
HOpWULFDGRVLVWHPDFRQIRUPHGHWDOKH(

'(6&,'$61263,/$5(6

y 5HSUHVHQWDGRQRGHVHQKRDEDL[RSHODFRUDPDUHODD5(%$5PPð 021 RX 021 GHYHUiVHUHPEXWLGR


QRVSLODUHVGDWRUUHGRSUpGLRHPVXDIDFHPDLVH[WHUQDDPDUUDGRIRUWHPHQWHFRPDUDPHUHFR]LGRDRVHVWULERVVHQGRDHPHQGD
HQWUHEDUUDVFRQIRUPHGHWDOKH$25(%$5GDVGHVFLGDVGHYHVHULQWHUOLJDGRDR5(%$5GDIXQGDomRFRQIRUPHRGHWDOKH%
y 2VYHUWDOK}HV5(%$5HGDVDUPDGXUDVGHDoRGHWRGRVSLODUHVODMHVHYLJDVGHYHPVHULQWHUOLJDGDVHQWUHVLHPWRGRVRV
SDYLPHQWRVDWUDYpVGHSHoDVGHDoRFRPXPPPHPIRUPD/PHGLQGR[FPFRQHFWDQGRDOWHUQDGDPHQWHDVIHUUDJHQV
YHUWLFDLVHKRUL]RQWDLVFRQIRUPHGHWDOKHV&H'$VIHUUDJHQVKRUL]RQWDLVGDVYLJDVH[WHUQDVGHYHPVHUVREUHSRVWDVSRUFPH
¿UPHPHQWHDPDUUDGDVFDUDPHIHFKDQGRXPDQHO

321726'(&21(;­2(0(',d­2

y 3RQWRVGHOLJDomRjDUPDGXUDDWUDYpVGH&RQHFWRU(VWUXWXUDO,QVHUW 021±GHWDOKH( GHYHPVHUSUHYLVWRVQRWRSRGHWRGRV


RVSLODUHVXVDGRVFRPRGHVFLGDSDUDFRQH[mRGDFDSWDomRQDEDVHGRVSLODUHVFRPRSRQWRGHPHGLomRHHPSRQWRVHVSHFt¿FRV
SDUDFRQH[mRGH%(3 HPPpGLDDFDGDP HHTXLSRWHQFLDOL]DomRGHPDVVDV
y &RPRXVRGHPLOLRKPtPHWURRXPLFURRKPtPHWURFDSD]HVGHLQMHWDUFRUUHQWHVHQWUH$H$DSyVDFRQFOXVmRGDHVWUXWXUD
GHYHPVHUIHLWRVWHVWHVGHFRQWLQXLGDGHHOpWULFDFRQIRUPHDQH[R)GD1%5HPWRGRVRVSLODUHVHIXQGDomRQmRGHYHQGRR
GHYHPVHUIHLWRVWHVWHVGHFRQWLQXLGDGHHOpWULFD
UHVXOWDGRVHUVXSHULRUDŸ
UHV
UH
UHVX
VX
XOW
OWD
DGGR
RVVH
H
HUUVX
VXSH
SHUL
ULRU
LRRUUDŸ


Ÿ

63'$(6758785$/$&(66Ï5,26
9HUJDOKmR5(%$5
021 9HUJDOKmR5(%$5*)PPð ‘PP [P
021 9HUJDOKmR5(%$5*)PPð ‘PP [P
021 9HUJDOKmR5(%$5*)´[P PPð
021 9HUJDOKmR5(%$5*)´[P PPð
&RQH[mR63'$(VWUXWXUDO
021 &RQHFWRU(VWUXWXUDO,QVHUW´UHJXODJHPPP
021 &RQHFWRU(VWUXWXUDO*DQFKR,QVHUWSDoRGHDPP
021 *UDPSRJDOYDQL]DGR‘´SHPHQGDGHEDUUDV
021 &RQHFWRUFUDELFKRURVFD81&PPð
021 3ULVLRQHLURUHGXWRUSDUD
021 3DUDIXVRLQR[[
021 3DUDIXVRLQR[[


$0217$/pXPDHPSUHVDHVSHFLDOL]DGDHP63'$6LVWHPDVGH
3URWHomRFRQWUD'HVFDUJDV$WPRVIpULFDVQRUPDWL]DGRSHOD1%5
DWXDQGRQRPHUFDGREUDVLOHLURGHVGH

1RVVRVSURGXWRVHVWmRSUHVHQWHVHPPLOKDUHVGHREUDVQRVPDLV
GLYHUVRVVHJXLPHQWRVLQG~VWULDVPLQHUDGRUDVVLGHU~UJLFDVSDUTXHV
IRWRYROWDLFRVXVLQDVHyOLFDVHVWDo}HVGHUiGLRH79PHWU{REUDV
SUHGLDLV

&RQ¿UDHPQRVVRVFDWiORJRVPDLVSURGXWRVHVHUYLoRVHVSHFLDOL]DGRV

FRPHUFLDO#PRQWDOFRPEU
5XD&DVWHOR6LQWUD%DLUUR&DVWHOR
%HOR+RUL]RQWH0*&(3

   

5(35(6(17$17($8725,=$'2

Das könnte Ihnen auch gefallen