&21&85622326,&,Ð1$/&8(532'(0$(67526

35,0(5$358(%$ &5,7(5,26*(1(5$/(63$57(´$µ6838(67235É&7,&2 38178$&,Ð1'($ WXDFLyQHVVFR FROD ODU DU ,GHQWLILFDODVLWXDFLyQSURSXHVWD'DUHVSXHVWDDODVLWXDFLyQHVFRODU SODQWHDGD \ FODUDFR FR RQ IO IOXL XLGH GH G H]HQOD 3UHVHQWDODUHVROXFLyQGHPDQHUDRUJDQL]DGD\FODUDFRQIOXLGH]HQOD QWWD  XQ QWD X Q QD  D GHFXDGD  UHGDFFLyQ  XVD  FRUUHFWDPHQWH  HO  OHQJXDMH  \  SUHVHQW SUHVHQWD XQD DGHFXDGD FRQVWUXFFLyQVLQWiFWLFD FQLFR  \  H VVS SH HF FtI ILF LF  SURSLR  G LFR   8VD  FRQ  SURSLHGDG  HO  OHQJXDMH  WpFQLFR HVSHFtILFR GH  OD  HVSHFLDOLGDG DXWRUHV HVV \ ELE EOL OLRJ OLRJ RJUDI UD DItD TXH  )XQGDPHQWDODUHVROXFLyQFRQDXWRUHV\ELEOLRJUDItDTXHUHDOPHQWH  FXHVWWLy yQ Q DVt DVt Vt FRPR FR KDFHQ UHIHUHQFLD DO FRQWHQLGR HQ FXHVWLyQ FRQ ODQRUPDWLYD  YLJHQWH HOHPH P QWRV RVV  G R HOO FX H FXUUtFXOXP XUU UUtF t XOXP FRQ  HO  VXSXHVWR    5HODFLRQD  WRGRV  ORV  HOHPHQWRV GHO SODQWHDGR &RQVLGHUDODVFDUDFWHUtVWLFDVGHODOXPQRRDOXPQD\VXVQHFHVLGDGHV UDFWH HUt UtVWLF LLF FDVV GHO HODOX OX XPQ QR RD QWHDP DP PLHQ LHQW QWR GLG GiFWWLF LFRR RUULLJ JLQ 5HDOL]DXQSODQWHDPLHQWRGLGiFWLFRRULJLQDO

&5,7(5,263$57($(63(&,$/,'$''(0Ó6,&$ ,263$ 3$ 3 $57 57( ($ (6 ( 3( (&, & $ $/ / ($1É/ $1É/,6,6