,03$&7 YLHUQHVGHHQHURGH

,'GHFKDVLV 5XWD
%5b 5HSDUDFLQ%5'(9OYXODVDMXVWH
7DSDGHEDODQFLQHVGHVPRQWDGD
0RGHOR ,GHQWLGDG

)HFKDGHSXEOLFDFLQ 1PRSHUDFLQ
PLUFROHVGHGLFLHPEUHGH 

9OYXODVDMXVWH

7DSDGHEDODQFLQHVGHVPRQWDGD

c1RWD'DGRTXHODVLOXVWUDFLRQHVGHODGRFXPHQWDFLQGHVHUYLFLRVHXWLOL]DQSDUDGLIHUHQWHVYDULDQWHVDOJXQRV
GHWDOOHVSXHGHQGLIHUHQFLDUVHGHODYHUVLQHQFXHVWLQ6LQHPEDUJRODLQIRUPDFLQEVLFDGHODVILJXUDVVLHPSUHHV
WRWDOPHQWHFRUUHFWD

+HUUDPLHQWDVHVSHFLDOHV

k&RS\ULJKW9ROYR3DUWV&RUSRUDWLRQ
/DLQIRUPDFLQFRQWHQLGDDTXHVWDFWXDOL]DGDHQHOPRPHQWRGHVXGLVWULEXFLQRULJLQDOSHURSXHGHVHUFDPELDGD6HDYLVDDOOHFWRUGHTXHODVFRSLDV
LPSUHVDVQRVRQFRQWURODGDV


,03$&7 YLHUQHVGHHQHURGH

4XLWDUHOWDSQMXQWRDOYRODQWH0RQWDUODKHUUDPLHQWDGHJLUR

+HUUDPLHQWDVHVSHFLDOHV

k&RS\ULJKW9ROYR3DUWV&RUSRUDWLRQ
/DLQIRUPDFLQFRQWHQLGDDTXHVWDFWXDOL]DGDHQHOPRPHQWRGHVXGLVWULEXFLQRULJLQDOSHURSXHGHVHUFDPELDGD6HDYLVDDOOHFWRUGHTXHODVFRSLDV
LPSUHVDVQRVRQFRQWURODGDV


,03$&7 YLHUQHVGHHQHURGH

*LUDUHOYRODQWHKDVWDTXHHOSLVWQGHODUDVHHQFXHQWUHHQHOSXQWRPXHUWRVXSHULRU\ODV
YOYXODVGHHVFDSH\DGPLVLQVHVRODSHQHQHOFLOLQGUR

c1RWD(OFLOLQGURGHODSULPHUDHVHOPVFHUFDQRDOYRODQWH

k&RS\ULJKW9ROYR3DUWV&RUSRUDWLRQ
/DLQIRUPDFLQFRQWHQLGDDTXHVWDFWXDOL]DGDHQHOPRPHQWRGHVXGLVWULEXFLQRULJLQDOSHURSXHGHVHUFDPELDGD6HDYLVDDOOHFWRUGHTXHODVFRSLDV
LPSUHVDVQRVRQFRQWURODGDV


,03$&7 YLHUQHVGHHQHURGH

$MXVWDUODVYOYXODV$VHJQORVSDVRV


$IORMDUODWXHUFDGHVHJXULGDGHQHOWRUQLOORGHDMXVWH


$IORMDUHOWRUQLOORGHDMXVWHKDVWDHOLPLQDUHOMXHJR

0RQWDUXQWUDQVSRUWDGRUHQHOWRUQLOORGHDMXVWHGHODYOYXOD3RQHUDFHURHOWUDQVSRUWDGRU

k&RS\ULJKW9ROYR3DUWV&RUSRUDWLRQ
/DLQIRUPDFLQFRQWHQLGDDTXHVWDFWXDOL]DGDHQHOPRPHQWRGHVXGLVWULEXFLQRULJLQDOSHURSXHGHVHUFDPELDGD6HDYLVDDOOHFWRUGHTXHODVFRSLDV
LPSUHVDVQRVRQFRQWURODGDV


,03$&7 YLHUQHVGHHQHURGH

(QURVFDUHOWRUQLOORGHDMXVWHYHUORVJUDGRVHQ(VSHFLILFDFLRQHV

+HUUDPLHQWDVHVSHFLDOHV


$SUHWDUODWXHUFDGHVHJXULGDGFRQHOSDULQGLFDGRHQ(VSHFLILFDFLRQHVFRQXQFDVTXLOORDELHUWRGH
PP0DQWHQHUVXMHWRHOWRUQLOORGHDMXVWHGHIRUPDTXHQRJLUHDOUHDOL]DUHOSDUGHDSULHWH

(VSHFLILFDFLRQHV
PP

k&RS\ULJKW9ROYR3DUWV&RUSRUDWLRQ
/DLQIRUPDFLQFRQWHQLGDDTXHVWDFWXDOL]DGDHQHOPRPHQWRGHVXGLVWULEXFLQRULJLQDOSHURSXHGHVHUFDPELDGD6HDYLVDDOOHFWRUGHTXHODVFRSLDV
LPSUHVDVQRVRQFRQWURODGDV


,03$&7 YLHUQHVGHHQHURGH

*LUDUHOPRWRUrKDVWDTXHODVYOYXODVGHHVFDSH\GHDGPLVLQVRODSHQHQHOFLOLQGUR

c1RWD(OFLOLQGURGHODSULPHUDHVHOPVFHUFDQRDOYRODQWH

(VSHFLILFDFLRQHV
r

$MXVWDUODVYOYXODV%VHJQORVSDVRV


4XLWDUODKHUUDPLHQWDGHJLUR\PRQWDUHOWDSQ

k&RS\ULJKW9ROYR3DUWV&RUSRUDWLRQ
/DLQIRUPDFLQFRQWHQLGDDTXHVWDFWXDOL]DGDHQHOPRPHQWRGHVXGLVWULEXFLQRULJLQDOSHURSXHGHVHUFDPELDGD6HDYLVDDOOHFWRUGHTXHODVFRSLDV
LPSUHVDVQRVRQFRQWURODGDV