1RPEUH1LYHOž

)HFKD

 'LYLGLUXQQ~PHURGHFLPDOHQWUHXQR QDWXUDO

3DUDGLYLGLUXQQ~PHURGHFLPDOHQWUHXQQ~PHURQDWXUDOVHKDFHODGLYLVLyQFRPRVL
IXHUDQQ~PHURVQDWXUDOHV\DOEDMDUODSULPHUDFLIUDGHFLPDOVHSRQHXQDFRPDHQHO
FRFLHQWH

&DOFXOD

   

  

    

 'LYLGLUXQQ~PHURQDWXUDOHQWUHXQGHFLPDO

3DUDGLYLGLUXQQ~PHURQDWXUDOHQWUHXQQ~PHURGHFLPDOVHVXSULPHODFRPDHQHOGLYLVRU
\VHDxDGHQWDQWRVFHURVHQHOGLYLGHQGRFRPRFLIUDVGHFLPDOHVWHQJDHOGLYLVRU

&DOFXOD

   

   

  

 

 'LYLGLUXQQ~PHURGHFLPDOHQWUHXQGHFLPDO
3DUDGLYLGLUXQQ~PHURGHFLPDOHQWUHXQQ~PHURGHFLPDOVHVXSULPHODFRPDGHOGLYLVRU
\VHGHVSOD]DODFRPDGHOGLYLGHQGRWDQWRVOXJDUHVDODGHUHFKDFRPRFLIUDVGHFLPDOHV
WHQJDHOGLYLVRU6LHVQHFHVDULRVHDxDGHQFHURVHQHOGLYLGHQGR

&DOFXOD

   

   

   

 

 

 

&DOFXODHOIDFWRUGHVFRQRFLGRHQFDGDPXOWLSOLFDFLyQ

[  [ 

(MHPSOR

  

    
 

[ 

 $SUR[LPDORVVLJXLHQWHVFRFLHQWHVFRQGRVFLIUDVGHFLPDOHV

     

    

&DOFXODORVVLJXLHQWHVFRFLHQWHVKDVWDFRQVHJXLUTXHHOUHVWRVHDFHUR

     

   

 (VFULEHODVVLJXLHQWHVIUDFFLRQHVHQIRUPDGHQ~PHURGHFLPDO

  

  
(MHPSOR

  
 

 
 

(VFULEHODVIUDFFLRQHV TXHDSDUHFHQHQODVVLJXLHQWHVIUDVHVFRQQ~PHURGHFLPDOHV

x +HFRPSUDGRXQDERWHOODGHWUHVFXDUWRVGHOLWURGHYLQDJUH

x /DSL]DUUDGHFODVHPLGHGHODUJRWUHVTXLQWRVGHPHWUR

x (QHVWHYDVRFDEHXQFXDUWRGHOLWURGHOHFKH
 3UREOHPDV

x (QODFODVHGH-XDQMRKDQRUJDQL]DGRXQDFDPSDxDGHUHFRJLGDGHSDSHO(QWRWDOKDQ
UHFRJLGRNJ\ORVKDQHPSDTXHWDGRHQFDMDVFRQHOPLVPRQ~PHURGHNLORVHQ
FDGDXQD¢&XiQWRVNLORVKDQSXHVWRHQFDGDFDMD"

x /DXUDWLHQHHQVXKXFKDPRQHGDVGHOPLVPRYDORU(QWRWDOWLHQH¼¢&XiOHVHO
YDORUGHFDGDPRQHGD"

x -DLPHKDFRPSUDGRERWHVLJXDOHVGHWRPDWH\XQDERWHOODGHUHIUHVFRTXHFXHVWD
¼3DUDSDJDUKDHQWUHJDGRXQELOOHWHGH¼ \OHKDQGHYXHOWR¼¢&XiQWROHKD
FRVWDGRFDGDERWHGHWRPDWH"

x (YDQHFHVLWDPGHFLQWD/DFLQWDTXHYDDFRPSUDUVHYHQGHHQUROORVGHP
¢&XiQWRVUROORVYDDQHFHVLWDU"