08 Annexe 8 Des Collectivites

ANNEXE 8 : CONCOURS FINANCIERS AUX COLLECTIVITES ET AUX
DISTRICTS AUTONOMES
LOI DE FINANCES N° 2021-899 DU 21 DECEMBRE
2021 PORTANT BUDGET DE L’ETAT
POUR L’ANNEE 2022
ANNEXE 8 : CONCOURS FINANCIERS AUX COLLECTIVITES ET AUX

DISTRICTS AUTONOMES
1
ANNEXE A LA LOI DE FINANCES N° 2021-899 DU 21 DECEMBRE 2021 PORTANT BUDGET DE L’ETAT POUR L’ANNEE 2022
RELATIVE AUX COLLECTIVITES TERRITORIALES ET AUX DISTRCITS AUTONOMES
Propos liminaires
L’annexe relative aux concours financiers de l’Etat aux collectivités territoriales et aux districts autonomes est un document budgétaire qui accompagne la loi
de finances et permet d’apprécier les moyens déployés pour mettre en œuvre les politiques publiques au niveau local.
Ces concours financiers sont logés dans le programme « Décentralisation » du Ministère de l’Intérieur et de la Sécurité.
I. DISPOSITIONS GENERALES RELATIVES AUX COLLECTIVITES TERRITORIALES ET AUX DISTRICTS AUTONOMES
La loi n° 2014-451 du 05 août 2014 portant orientation de l'organisation générale de l'Administration Territoriale définit trois (03) types d’entités décentralisées
décomposées en collectivités territoriales et districts autonomes comme suit :
- quatorze (14) districts autonomes;
- trente-et-une (31) régions;
- deux-cent une (201) communes.
Par ailleurs, conformément à la législation en vigueur, l’Etat concourt aux budgets des différentes collectivités territoriales et districts autonomes en leur
octroyant une quote-part du produit de certains impôts et des dotations provenant du budget général, pour leur fonctionnement et la réalisation des opérations
d’investissement.
Cet appui financier de l’Etat vient en complément des ressources propres collectées localement par les collectivités territoriales et districts autonomes.
L’ensemble de ces ressources alimente le budget élaboré par chacune de ces entités. Ce budget est approuvé par le Ministère de l’Intérieur et de la Sécurité,
avant son exécution.
II. APPUI FINANCIER DE L’ETAT AUX COLLECTIVITES TERRITORIALES ET AUX DISTRCITS AUTONOMES
Au titre de la gestion 2022, il est prévu un montant de 250,95 milliards comprenant 154, 20 milliards de recettes affectées et 96,75 milliards au titre des
dotations budgétaires de l’Etat aux collectivités territoriales et aux districts autonomes. Comparativement à l’exercice 2021 dont le montant prévisionnel est de
236,63 milliards, cet appui financier connaît une progression de 6,05%.
Ainsi, l’évolution de l’appui financier prévisionnel de 2021 à 2022 des collectivités territoriales et districts autonomes se présentent comme suit :
Ϯ

^ƵďǀĞŶƚŝŽŶĚĞůΖƚĂƚ /ŵƉƀƚƐƉĂƌƚĂŐĠƐ ƉƉƵŝƐĨŝŶĂŶĐŝĞƌƐ
ϮϱϬ͕ϵϱ
Ϯϯϲ͕ϲϯ
ϭϰϵ͕Ϯ ϭϱϰ͕Ϯ
ϵϲ͕ϳϱ
ϴϳ͕ϰϯ

6RXUFH'RQQpHV'*%)

+"

9

.

&'&&7

'#($ &

>

#
8

*
9

7

$ / !
" #

$

ϯ
+"

8

.
.?

0('2 4

&'&(
6

.
.?
7 ?

*
9

/
7

7

, -./ &

.
.? &'(;

>

?

@.?
6
4

7
%&'&(*&A; 'B? &'&(

4

7

9

&'&&
6 &'&&7

7

*
*40(B(2 7

01(27

.
C D
E

7

.
.?7

$
7

&'&&7

%)$*# &

: %$.' &
8 &'&(

0*$(. &7

'$)#1"

3

• 2!!& !3.$*# 3
Ǧ 6 3;7&' 5
Ǧ /
3&;7++

8

3

Ǧ

.
3+7'A 5
Ǧ F3()7'& 5
Ǧ 3(&7B) 5
Ǧ 63'7A&

• #3!,!!,4)( 3

Ǧ

.
C D3(7'' 5
Ǧ F31+7(A 5
Ǧ &&7)A 5
Ǧ 63+71;
ϰ

7
"

&'()$
7

"

>
7

:
:

/
7

7 C D

'ƌĂƉŚŝƋƵĞϮ͗WƌŽƉŽƌƚŝŽŶĚĞůĂĚŽƚĂƚŝŽŶĚƵďƵĚŐĞƚŐĠŶĠƌĂůĚĞůΖƚĂƚƉĂƌƚǇƉĞĚĞĐŽůůĞĐƚŝǀŝƚĠ
;ŚŽƌƐƉƌŽǀŝƐŝŽŶƐͿ
/^dZ/d^hdKEKD^
ϲ͕ϲϵй
KDDhE^
ϯϵ͕Ϭϱй
Z'/KE^͙
ϱϰ͕Ϯϲй

56!'RQQpHV'*%)

6 7

7

?

(

*

ϭ
hŶĞĚŝǀŝƐŝŽŶĞƐƚĐŽŶƐŝĚĠƌĠĞĐŽŵŵĞƵŶŽďũĞĐƚŝĨŐĠŶĠƌĂůĚ͛ƵŶĞĂĚŵŝŶŝƐƚƌĂƚŝŽŶƉƵďůŝƋƵĞ
Ϯ
hŶĞŵŝƐƐŝŽŶĐŽŵƉƌĞŶĚƵŶĞŶƐĞŵďůĞĚĞƉƌŽŐƌĂŵŵĞƐĐŽŶĐŽƵƌĂŶƚăƵŶĞƉŽůŝƚŝƋƵĞƉƵďůŝƋƵĞĚĠĨŝŶŝĞ͘
ϱ

7! 5'42 ,,&! &, ,&3!,!!, &3!, -83/

'13G
$
%%'*#*#0
!#$$#GH& 7$

I

5,, %%'*#*#0
'(3$

(0(%*0..

.

@

!#$$#GH1 ')3. 0.#*)%')

5,, . '.'#('*(*(%
'B3
'%(%*0.(
!#$$#GH)
7J

F::
5,, ( '%(%*0.(
'A3$
%'..%'(%*
!#$$#GH+ $

.
('36

'%)*'%
5,, # %('''(%*

7I 7$
7
'K37

*#(0'''
!#$$#GH;
5,, ) *#(0'''

#

';3

''0**
!#$$#GHA

5,, * ''0**

7L
6

'+36

-
%*'0)0%(
!#$$#GHB
H
5,, % %*'0)0%(
#0).)'#*.(

ϲ

7:

7

3
'ZW,/Yhϯ͗ZWZd/d/KE>Kdd/KEΖ/Es^d/^^DEdWZ/s/^/KE;^dhZΖd/s/d^Ϳ
ŝǀŝƐŝŽŶϭϬ ŝǀŝƐŝŽŶϬϭ
^ĞƌǀŝĐĞƐŐĠŶĠƌĂƵǆ
WƌŽƚĞĐƚŝŽŶƐŽĐŝĂůĞ
ĚĞƐ
ĂĚŵŝŶŝƐƚƌĂƚŝŽŶƐ
ƉƵďůŝƋƵĞƐ
ŝǀŝƐŝŽŶϬϯKƌĚƌĞ
ĞƚƐĠĐƵƌŝƚĠ
ŝǀŝƐŝŽŶϬϵ
ŶƐĞŝŐŶĞŵĞŶƚ
ŝǀŝƐŝŽŶϬϰ
ĨĨĂŝƌĞƐ
ĠĐŽŶŽŵŝƋƵĞƐ
ŝǀŝƐŝŽŶ Ϭϴ
>ŽŝƐŝƌƐ͕ĐƵůƚƵƌĞĞƚ ŝǀŝƐŝŽŶϬϱ
ĐƵůƚĞ WƌŽƚĞĐƚŝŽŶĚĞ
ůΖĞŶǀŝƌŽŶŶĞŵĞŶƚ
ŝǀŝƐŝŽŶϬϲ
ŝǀŝƐŝŽŶ Ϭϳ >ŽŐĞŵĞŶƚƐĞƚ
^ĂŶƚĠ ĠƋƵŝƉĞŵĞŶƚƐ
ĐŽůůĞĐƚŝĨƐ

56!'RQQpHV'*%)

7

?

*?

SYNTHESE DES DOTATIONS DES
COLLECTIVITES TERRITORIALES ET
DES DISTRICTS AUTONOMES
--- Année 2022 ---
SYNTHESE DES DOTATIONS DES COLLECTIVITES TERRITORIALES WĂŐĞϭͬϴ
ET DES DISTRICTS AUTONOMES

En Franc CFA
Personnel Transfert Investissement TOTAL DOTATIONS
Districts /Régions Administratives 2022 2022 2022 2022
District Autonome de Yamoussoukro 485 316 543 2 639 143 401 1 312 762 322 4 437 222 266
District Autonome de Yamoussoukro 485 316 543 1 585 000 000 1 000 000 000 3 070 316 543
Commune de Yamoussoukro 0 1 000 000 000 207 461 694 1 207 461 694
Commune d'Attiégouakro 0 54 143 401 105 300 628 159 444 029
Région du N'zi 204 343 802 419 568 357 1 401 078 457 2 024 990 616
Conseil Régional du N'zi (Dimbokro) 204 343 802 237 668 262 1 058 566 985 1 500 579 049
Commune de Dimbokro 0 70 280 400 127 355 137 197 635 537
Commune de Bocanda 0 56 660 088 108 740 195 165 400 283
Commune de Kouassi-Kouassikro 0 54 959 607 106 416 140 161 375 747
Région du Moronou 102 171 901 549 535 045 1 652 616 289 2 304 323 235
Conseil Régional du Moronou (Bongouanou) 102 171 901 247 576 170 1 083 414 746 1 433 162 817
Commune de Bongouanou 0 70 208 214 127 256 480 197 464 694
Commune de Tiémélékro 0 55 296 474 106 876 538 162 173 012
Commune de M'Batto 0 62 013 865 116 057 226 178 071 091
Commune d'Arrah 0 60 830 715 114 440 210 175 270 925
Commune d'Anoumaba 0 53 609 607 104 571 089 158 180 696
Région de l'Iffou 204 343 802 532 593 391 1 625 051 503 2 361 988 696
Conseil Régional de l'Iffou (Daoukro) 204 343 802 243 711 220 1 073 721 948 1 521 776 970
Commune de Daoukro 0 68 821 488 125 361 235 194 182 723
Commune de Ouéllé 0 55 373 092 106 981 252 162 354 344
Commune d'Ettrokro 0 52 908 328 103 612 649 156 520 977
Commune de M'Bahiakro 0 56 386 542 108 366 339 164 752 881
Commune de Prikro 0 55 392 721 107 008 080 162 400 801
Région du Bélier 204 343 802 592 718 142 1 742 307 927 2 539 369 871
Conseil Régional du Bélier (Toumodi) 204 343 802 247 024 547 1 082 031 345 1 533 399 694
Commune de Didiévi 0 55 115 376 106 629 031 161 744 407
Commune de Tié N'Diékro 0 53 029 588 103 778 374 156 807 962
Commune de Tiébissou 0 60 893 402 114 525 885 175 419 287
Commune de Toumodi 0 66 976 635 122 839 867 189 816 502
Commune de Djékanou 0 54 750 331 106 130 123 160 880 454
Commune de Kokumbo 0 54 928 263 106 373 302 161 301 565
Région de Gbêkè 306 515 703 947 366 615 2 361 096 289 3 614 978 607
Conseil Régional de Gbêkè (Bouaké) 306 515 703 309 665 241 1 239 126 168 1 855 307 112
SYNTHESE DES DOTATIONS DES COLLECTIVITES TERRITORIALES WĂŐĞϮͬϴ

En Franc CFA
Commune de Bouaké 0 233 435 401 350 339 808 583 775 209
Commune de Djébonoua 0 54 497 365 105 784 392 160 281 757
Commune de Brobo 0 55 472 189 107 116 689 162 588 878
Commune de Diabo 0 55 360 111 106 963 511 162 323 622
Commune de Botro 0 56 188 664 108 095 899 164 284 563
Commune de Béoumi 0 65 519 306 120 848 129 186 367 435
Commune de Bodokro 0 55 028 310 106 510 037 161 538 347
Commune de Sakassou 0 62 200 028 116 311 656 178 511 684
Région du Hambol 204 343 802 876 545 006 2 295 685 218 3 376 574 026
Conseil Régional du Hambol (Katiola) 204 343 802 254 873 393 1 101 715 244 1 560 932 439
Commune de Katiola 0 68 210 442 124 526 116 192 736 558
Commune de Fronan 0 60 142 417 113 499 511 173 641 928
Commune de Tortiya 0 58 203 217 110 849 196 169 052 413
Commune de Niakara 0 56 596 450 108 653 222 165 249 672
Commune de Tafiré 0 56 394 140 108 376 724 164 770 864
Commune de Satama-Sokoro 0 52 006 956 102 380 739 154 387 695
Commune de Dabakala 0 57 100 801 109 342 520 166 443 321
Commune de Boniérédougou 0 55 328 451 106 920 241 162 248 692
Commune de Satama-Sokora 0 52 218 764 102 670 219 154 888 983
Commune de Bassawa 0 51 394 327 101 543 456 152 937 783
Commune de Foumbolo 0 54 075 648 105 208 030 159 283 678
Région de Worodougou 102 171 901 685 210 398 1 923 310 426 2 710 692 725
Conseil Régional de Worodougou (Séguela) 102 171 901 240 003 419 1 064 423 258 1 406 598 578
Commune de Séguela 0 70 456 115 127 595 288 198 051 403
Commune de Massala 0 52 235 228 102 692 719 154 927 947
Commune de Dualla 0 51 799 580 102 097 318 153 896 898
Commune de Sifié 0 56 424 534 108 418 263 164 842 797
Commune de Worofla 0 52 031 968 102 414 923 154 446 891
Commune de Kani 0 54 629 705 105 965 262 160 594 967
Commune de Morondo 0 55 252 466 106 816 392 162 068 858
Commune de Djibrosso 0 52 377 383 102 887 003 155 264 386
Région du Béré 102 171 901 600 400 590 1 757 435 124 2 460 007 615
Conseil Régional du Béré (Mankono) 102 171 901 251 079 660 1 092 201 048 1 445 452 609
Commune de Mankono 0 63 595 619 118 219 017 181 814 636
Commune de Dianra 0 60 951 341 114 605 070 175 556 411
SYNTHESE DES DOTATIONS DES COLLECTIVITES TERRITORIALES WĂŐĞϯͬϴ

En Franc CFA
Commune de Sarhala 0 57 401 575 109 753 589 167 155 164
Commune de Tiéningboué 0 58 094 305 110 700 346 168 794 651
Commune de Kongasso 0 55 551 973 107 225 730 162 777 703
Commune de Kounahiri 0 53 726 117 104 730 324 158 456 441
Région du Bafing 102 171 901 604 652 850 1 772 298 366 2 479 123 117
Conseil Régional du Bafing (Touba) 102 171 901 231 581 254 1 043 301 549 1 377 054 704
Commune de Touba 0 58 594 856 111 384 452 169 979 308
Commune de Booko 0 52 850 073 103 533 031 156 383 104
Commune de Borotou 0 51 010 603 101 019 019 152 029 622
Commune de Koro 0 52 295 066 102 774 500 155 069 566
Commune de Koonan 0 51 238 558 101 330 566 152 569 124
Commune de Guintéguela 0 52 597 106 103 187 300 155 784 406
Commune de Ouaninou 0 54 485 334 105 767 949 160 253 283
Région du Kabadougou 102 171 901 716 330 730 1 988 644 772 2 807 147 403
Conseil Régional du Kabadougou (Odienné) 102 171 901 232 554 425 1 045 742 136 1 380 468 462
Commune d'Odienné 0 63 920 455 118 662 972 182 583 427
Commune de Bako 0 52 333 375 102 826 858 155 160 233
Commune de Séguelon 0 54 114 590 105 261 252 159 375 842
Commune de Dioulatiédougou 0 51 011 236 101 019 884 152 031 120
Commune de Madinani 0 54 690 810 106 048 774 160 739 584
Commune de Tiémé 0 53 172 060 103 973 091 157 145 151
Commune de Seydougou 0 51 657 109 101 902 601 153 559 710
Commune de Samatiguila 0 51 798 314 102 095 587 153 893 901
Commune de Gbléleban 0 51 078 356 101 111 617 152 189 973
Région du Folon 100 000 000 433 423 094 1 435 044 786 1 968 467 880
Conseil Régional du Folon 100 000 000 223 409 527 1 022 807 907 1 346 217 434
Commune de Kaniasso 0 51 909 126 102 247 034 154 156 160
Commune de Minignan 0 52 746 544 103 391 537 156 138 081
Commune de Goulia 0 52 398 912 102 916 427 155 315 339
Commune de Tienko 0 52 958 985 103 681 881 156 640 866
Région du Poro 102 171 901 964 899 876 2 452 379 434 3 519 451 211
Conseil Régional du Poro (Korhogo) 102 171 901 286 366 783 1 180 696 624 1 569 235 308
Commune de Korhogo 0 132 170 186 211 940 184 344 110 370
Commune de M'Bengué 0 58 558 763 111 335 123 169 893 886
SYNTHESE DES DOTATIONS DES COLLECTIVITES TERRITORIALES WĂŐĞϰͬϴ

En Franc CFA
Commune de Niofoin 0 52 417 275 102 941 524 155 358 799
Commune de Sinématiali 0 57 603 252 110 029 222 167 632 474
Commune de Karakoro 0 53 211 952 104 027 612 157 239 564
Commune de Napié 0 55 382 907 106 994 666 162 377 573
Commune de Koumborodougou 0 52 538 851 103 107 683 155 646 534
Commune de Guiembé 0 53 536 788 104 471 567 158 008 355
Commune de Dikodougou 0 55 520 313 107 182 460 162 702 773
Commune de Sirasso 0 53 358 223 104 227 522 157 585 745
Commune de Tioroniaradougou 0 54 234 583 105 425 247 159 659 830
Région de la Bagoué 204 343 802 650 117 479 1 855 171 377 2 709 632 658
Conseil Régional de la Bagoué (Boundiali) 204 343 802 249 752 386 1 088 872 416 1 542 968 604
Commune de Boundiali 0 63 910 957 118 649 990 182 560 947
Commune de Kolia 0 54 103 509 105 246 108 159 349 617
Commune de Gbon 0 53 309 149 104 160 452 157 469 601
Commune de Kouto 0 55 660 885 107 374 580 163 035 465
Commune de Kasséré 0 53 784 372 104 809 942 158 594 314
Commune de Tengrela 0 66 124 970 121 675 892 187 800 862
Commune de Kanakono 0 53 471 251 104 381 997 157 853 248
Région du Tchologo 102 171 901 619 686 652 1 792 211 134 2 514 069 687
Conseil Régional du Tchologo (Ferké) 102 171 901 258 456 022 1 110 700 019 1 471 327 942
Commune de Ferké 0 68 818 322 125 356 908 194 175 230
Commune de Niellé 0 56 907 356 109 078 137 165 985 493
Commune de Diawala 0 60 052 502 113 376 622 173 429 124
Commune d'Ouangolo 0 67 199 841 123 144 923 190 344 764
Commune de Koumbala 0 51 352 852 101 486 772 152 839 624
Commune de Kong 0 56 899 757 109 067 753 165 967 510
Région du Gontougo 204 343 802 698 674 405 1 952 911 993 2 855 930 200
Conseil Régional du Gontougo (Bondoukou) 204 343 802 277 248 485 1 157 829 105 1 639 421 392
Commune de Bondoukou 0 82 137 227 143 559 915 225 697 142
Commune de Sandégué 0 51 901 210 102 236 216 154 137 426
Commune de Kouassi-Datékro 0 53 905 315 104 975 235 158 880 550
Commune de Tanda 0 62 292 476 116 438 006 178 730 482
Commune d'Assuéfri 0 58 176 622 110 812 849 168 989 471
Commune de Koun-Fao 0 54 605 327 105 931 944 160 537 271
Commune de Transua 0 58 407 743 111 128 723 169 536 466
SYNTHESE DES DOTATIONS DES COLLECTIVITES TERRITORIALES WĂŐĞϱͬϴ

En Franc CFA
Région du Bounkani 102 171 901 461 108 448 1 491 262 697 2 054 543 046
Conseil Régional du Bounkani (Bouna) 102 171 901 239 516 032 1 063 200 954 1 404 888 887
Commune de Bouna 0 57 607 368 110 034 847 167 642 215
Commune de Doropo 0 56 565 107 108 610 384 165 175 491
Commune de Téhini 0 52 427 407 102 955 371 155 382 778
Commune de Nassian 0 54 992 534 106 461 141 161 453 675
Région du Haut-Sassandra 306 515 703 881 966 670 2 285 633 194 3 474 115 567
Conseil Régional du Haut-Sassandra (Daloa) 306 515 703 349 293 005 1 338 507 514 1 994 316 222
Commune de Daloa 0 131 111 145 210 492 788 341 603 933
Commune de Zoukougbeu 0 64 890 530 119 988 778 184 879 308
Commune de Bédiala 0 59 904 014 113 173 684 173 077 698
Commune de Gboguhé 0 56 834 220 108 978 183 165 812 403
Commune de Saïoua 0 68 789 511 125 317 532 194 107 043
Commune de Vavoua 0 80 623 859 141 491 588 222 115 447
Commune d'Issia 0 70 520 386 127 683 127 198 203 513
Région du Gôh 204 343 802 656 514 747 1 855 177 016 2 716 035 565
Conseil Régional du Gôh (Gagnoa) 204 343 802 296 956 391 1 207 254 002 1 708 554 195
Commune de Gagnoa 0 103 631 485 172 936 214 276 567 699
Commune d'Ouragahio 0 58 606 570 111 400 462 170 007 032
Commune de Guibéroua 0 60 820 900 114 426 796 175 247 696
Commune de Diégonéfla 0 67 406 267 123 427 047 190 833 314
Commune d'Oumé 0 69 093 134 125 732 495 194 825 629
Région du Lôh-Djiboua 204 343 802 619 000 417 1 788 088 127 2 611 432 346
Conseil Régional du Lôh-Djiboua (Divo) 204 343 802 283 095 243 1 172 492 023 1 659 931 068
Commune de Lakota 0 61 459 174 115 299 128 176 758 302
Commune de Zikisso 0 53 335 427 104 196 367 157 531 794
Commune de Divo 0 92 907 468 158 279 652 251 187 120
Commune de Guitry 0 61 994 868 116 031 264 178 026 132
Commune d'Hiré 0 66 208 237 121 789 693 187 997 930
Région de la Marahoué 306 515 703 662 262 244 1 861 549 580 2 830 327 527
Conseil Régional de la Marahoué (Bouaflé) 306 515 703 295 657 227 1 203 995 865 1 806 168 795
Commune de Bouaflé 0 77 301 098 136 950 356 214 251 454
Commune de Bonon 0 85 923 813 148 735 059 234 658 872
Commune de Sinfra 0 78 984 482 139 251 045 218 235 527
SYNTHESE DES DOTATIONS DES COLLECTIVITES TERRITORIALES WĂŐĞϲͬϴ

En Franc CFA
Commune de Gohitafla 0 57 525 051 109 922 344 167 447 395
Commune de Zuénoula 0 66 870 573 122 694 911 189 565 484
Région de Tonkpi 306 515 703 898 689 733 2 323 903 728 3 529 109 164
Conseil Régional de Tonkpi (Man) 306 515 703 307 940 474 1 234 800 673 1 849 256 850
Commune de Man 0 105 271 494 175 177 622 280 449 116
Commune de Logoualé 0 57 006 769 109 214 007 166 220 776
Commune de Sangouiné 0 58 325 743 111 016 653 169 342 396
Commune de Biankouma 0 61 016 561 114 694 207 175 710 768
Commune de Sipilou 0 52 941 572 103 658 083 156 599 655
Commune de Gbonné 0 53 321 813 104 177 761 157 499 574
Commune de Danané 0 76 318 358 135 607 242 211 925 600
Commune de Zouan-Hounien 0 67 259 046 123 225 839 190 484 885
Commune de Bin Houyé 0 59 287 903 112 331 641 171 619 544
Région du Guémon 102 171 901 588 496 503 1 735 571 817 2 426 240 221
Conseil Régional du Guémon (Bangolo) 102 171 901 301 038 387 1 217 491 125 1 620 701 413
Commune de Bangolo 0 62 998 820 117 403 369 180 402 189
Commune de Kouibli 0 60 594 845 114 117 845 174 712 690
Commune de Facobly 0 60 842 746 114 456 653 175 299 399
Commune de Duékoué 0 103 021 705 172 102 825 275 124 530
Région du Cavally 204 343 802 522 880 019 1 596 439 381 2 323 663 202
Conseil Régional du Cavally (Guiglo) 204 343 802 257 701 973 1 108 808 960 1 570 854 735
Commune de Guiglo 0 79 426 778 139 855 533 219 282 311
Commune de Bloléquin 0 73 014 277 131 091 539 204 105 816
Commune de Taï 0 55 703 943 107 433 428 163 137 371
Commune de Toulepleu 0 57 033 048 109 249 921 166 282 969
Région de San-Pédro 204 343 802 574 773 563 1 706 835 332 2 485 952 697
Conseil Régional de San-Pédro (San-Pédro) 204 343 802 292 291 832 1 195 555 887 1 692 191 521
Commune de San-Pédro 0 109 034 018 180 319 881 289 353 899
Commune de Grand-Béréby 0 56 455 245 108 460 236 164 915 481
Commune de Tabou 0 59 815 049 113 052 094 172 867 143
Commune de Grabo 0 57 177 419 109 447 234 166 624 653
Région du Gbôklé 100 000 000 374 423 264 1 324 568 881 1 798 992 145
Conseil Régional du Gbôklé (Sassandra) 100 000 000 252 121 028 1 094 812 667 1 446 933 695
Commune de Sassandra 0 64 541 632 119 511 938 184 053 570
SYNTHESE DES DOTATIONS DES COLLECTIVITES TERRITORIALES WĂŐĞϳͬϴ

En Franc CFA
Commune de Fresco 0 57 760 604 110 244 276 168 004 880
Région de la Nawa 102 171 901 718 997 611 1 990 924 439 2 812 093 951
Conseil Régional de la Nawa (Soubré) 102 171 901 313 649 137 1 249 117 268 1 664 938 306
Commune de Soubré 0 88 655 157 152 468 000 241 123 157
Commune de Méadji 0 78 993 347 139 263 161 218 256 508
Commune de Buyo 0 64 380 798 119 292 124 183 672 922
Commune de Grand-Zattry 0 62 811 391 117 147 208 179 958 599
Commune de Mayo 0 54 548 971 105 854 923 160 403 894
Commune de Guéyo 0 55 958 810 107 781 755 163 740 565
Région de l'Indénié-Djuablin 204 343 802 536 515 131 1 625 889 204 2 366 748 137
Conseil Régional de l'Indénié-Djuablin (Abengourou) 204 343 802 267 178 807 1 132 575 644 1 604 098 253
Commune de Abengourou 0 86 056 786 148 916 795 234 973 581
Commune de Niablé 0 57 350 918 109 684 356 167 035 274
Commune de Béttié 0 56 117 428 107 998 540 164 115 968
Commune d'Agnibilékrou 0 69 811 192 126 713 869 196 525 061
Région du Sud-Comoé 306 515 703 769 645 404 2 078 566 731 3 154 727 838
Conseil Régional du Sud-Comoé (Aboisso) 306 515 703 274 931 345 1 152 018 015 1 733 465 063
Commune d'Aboisso 0 70 316 176 127 404 032 197 720 208
Commune d'Ayamé 0 54 569 550 105 883 048 160 452 598
Commune de Maféré 0 56 685 733 108 775 244 165 460 977
Commune de Grand-Bassam 0 76 868 616 136 359 282 213 227 898
Commune de Bonoua 0 66 827 198 122 635 630 189 462 828
Commune d'Adiaké 0 61 214 122 114 964 215 176 178 337
Commune d'Assinie-Mafia 0 55 558 939 107 235 250 162 794 189
Commune de Tiapoum 0 52 673 725 103 292 015 155 965 740
Région de l'Agnéby-Tiassa 204 343 802 712 353 541 1 965 112 920 2 881 810 263
Conseil Régional de l'Agnéby-Tiassa (Agboville) 204 343 802 271 557 461 1 143 556 746 1 619 458 009
Commune d'Agboville 0 71 690 238 129 281 969 200 972 207
Commune de Rubino 0 56 016 115 107 860 075 163 876 190
Commune d'Azaguié 0 56 603 099 108 662 309 165 265 408
Commune de Tiassalé 0 65 171 675 120 373 019 185 544 694
Commune de Taabo 0 56 771 216 108 892 075 165 663 291
Commune de Sikensi 0 66 235 465 121 826 906 188 062 371
Commune de N'Douci 0 68 308 272 124 659 821 192 968 093
SYNTHESE DES DOTATIONS DES COLLECTIVITES TERRITORIALES WĂŐĞϴͬϴ

En Franc CFA
Région de la Mé 204 343 802 643 229 971 1 829 419 329 2 676 993 102
Conseil Régional de la Mé (Adzopé) 204 343 802 262 865 050 1 121 757 294 1 588 966 146
Commune d'Adzopé 0 68 856 631 125 409 265 194 265 896
Commune d'Agou 0 59 163 794 112 162 021 171 325 815
Commune d'Afféry 0 59 163 794 112 162 021 171 325 815
Commune d'Akoupé 0 70 355 435 127 457 688 197 813 123
Commune de Yakassé Attobrou 0 64 221 546 119 074 473 183 296 019
Commune d'Alépé 0 58 603 721 111 396 567 170 000 288
Région des Grands Ponts 306 515 703 443 331 080 1 445 279 203 2 195 125 986
Conseil Régional des Grands Ponts (Dabou) 306 515 703 247 942 064 1 084 332 362 1 638 790 129
Commune de Dabou 0 72 672 028 130 623 785 203 295 813
Commune de Grand-Lahou 0 60 289 638 113 700 718 173 990 356
Commune de Jacqueville 0 62 427 350 116 622 338 179 049 688
District Autonome d'Abidjan 0 3 232 589 373 411 788 738 3 644 378 111
District Autonome d'Abidjan 0 0 3 000 000 000
Commune d'Anyama 0 88 103 632 151 714 229 239 817 861
Commune de Bingerville 0 79 176 977 139 514 129 218 691 106
Commune de Songon 0 65 308 764 120 560 380 185 869 144
Projets communs à un ensemble de Régions 0 719 933 349 5 363 984 266 6 083 917 615
Provisions pour l'ensemble des Collectivités 0 6 083 917 615
Total Général 6 202 599 197 26 547 577 099 64 000 000 000 96 750 176 296
RECAPITULATIF DES DOTATIONS DES
COLLECTIVITES TERRITORIALES ET DES
DISTRICTS AUTONOMES EN 2022 PAR
ACTION
3DJH
Récapitulatif des Dotations des Collectivités Territoriales et des

Districts Autonomes en 2022 par Action
Exercice: 2022

3HUVRQQHO 7UDQVIHUWV ,QYHVWLVVHPHQWV 727$/
'LVWULFWV$XWRQRPHV
&RRUGLQDWLRQGHVVHUYLFHVGHVGLVWULFWVDXWRQRPHV
&RRUGLQDWLRQGXGpYHORSSHPHQWGHO
RUGUHHWGHODVpFXULWpGDQVOHVGLVWULFWVDXWRQRPHV
&RRUGLQDWLRQGXGpYHORSSHPHQWGHVDIIDLUHVpFRQRPLTXHVGDQVOHVGLVWULFWVDXWRQRPHV
&RRUGLQDWLRQGXGpYHORSSHPHQWGHVORJHPHQWVHWpTXLSHPHQWVFROOHFWLIVGDQVOHVGLVWULFWVDXWRQRPHV
&RRUGLQDWLRQGXGpYHORSSHPHQWGHODVDQWpGDQVOHVGLVWULFWVDXWRQRPHV
HQVHLJQHPHQWGDQVOHVGLVWULFWVDXWRQRPHV
5pJLRQV
&RRUGLQDWLRQGHVVHUYLFHVGHVUpJLRQV
&RRUGLQDWLRQGXGpYHORSSHPHQWGHVVHUYLFHVJpQpUDX[GDQVOHVUpJLRQV
RUGUHHWGHODVpFXULWpGDQVOHVUpJLRQV
&RRUGLQDWLRQGXGpYHORSSHPHQWGHVDIIDLUHVpFRQRPLTXHVGDQVOHVUpJLRQV
&RRUGLQDWLRQGXGpYHORSSHPHQWGHODSURWHFWLRQGHO
HQYLURQQHPHQWGDQVOHVUpJLRQV
&RRUGLQDWLRQGXGpYHORSSHPHQWGHVORJHPHQWVHWpTXLSHPHQWVFROOHFWLIVGDQVOHVUpJLRQV
&RRUGLQDWLRQGXGpYHORSSHPHQWGHODVDQWpGDQVOHVUpJLRQV
&RRUGLQDWLRQGXGpYHORSSHPHQWGHVORLVLUVFXOWXUHHWFXOWHGDQVOHVUpJLRQV
HQVHLJQHPHQWGDQVOHVUpJLRQV
&RRUGLQDWLRQGXGpYHORSSHPHQWGHODSURWHFWLRQVRFLDOHGDQVOHVUpJLRQV
&RPPXQHV
&RRUGLQDWLRQGHVVHUYLFHVGHVFRPPXQHV
&RRUGLQDWLRQGXGpYHORSSHPHQWGHVVHUYLFHVJpQpUDX[GDQVOHVFRPPXQHV
RUGUHHWGHODVpFXULWpGDQVOHVFRPPXQHV
&RRUGLQDWLRQGXGpYHORSSHPHQWGHVDIIDLUHVpFRQRPLTXHVGDQVOHVFRPPXQHV
HQYLURQQHPHQWGDQVOHVFRPPXQHV
&RRUGLQDWLRQGXGpYHORSSHPHQWGHVORJHPHQWVHWpTXLSHPHQWVFROOHFWLIVGDQVOHVFRPPXQHV
&RRUGLQDWLRQGXGpYHORSSHPHQWGHODVDQWpGDQVOHVFRPPXQHV
&RRUGLQDWLRQGXGpYHORSSHPHQWGHVORLVLUVFXOWXUHHWFXOWHGDQVOHVFRPPXQHV
HQVHLJQHPHQWGDQVOHVFRPPXQHV
&RRUGLQDWLRQGXGpYHORSSHPHQWGHODSURWHFWLRQVRFLDOHGDQVOHVFRPPXQHV
(QVHPEOHGHVFROOHFWLYLWpV
3DJH

Districts Autonomes en 2022 par Action
Exercice: 2022

3HUVRQQHO 7UDQVIHUWV ,QYHVWLVVHPHQWV 727$/
$SSXLSRXUOHIRQFWLRQQHPHQWGHVFROOHFWLYLWpV
$SSXLSRXUOHGpYHORSSHPHQWGHVFROOHFWLYLWpV

Total Général
RECAPITULATIF DES DOTATIONS DES
COLLECTIVITES TERRITORIALES ET DES
DISTRICTS AUTONOMES EN 2022 PAR
G R AND E NATU R E D E D E P E NS E S
3DJH

Districts Autonomes en 2022 par grande nature de dépenses
Exercice: 2022
%XGJHW)LQDO&S

1 Personnel

3301 Districts Autonomes

3303 Régions

3 Transferts


3303 Régions

3306 Communes

3316 Ensemble des collectivités (Provisions)

4 Investissements


3303 Régions

3306 Communes

3316 Ensemble des collectivités (Provisions)
Total Général 96.750.176.296
SOMMAIRE
6200$,5(
'LVWULFWV5pJLRQVHW&RPPXQHV 3DJHV
'LVWULFW$XWRQRPHG
$ELGMDQ
'LVWULFW$XWRQRPHGH<DPRXVVRXNUR
&RQVHLO5pJLRQDOGX7FKRORJR)HUNHVVHGRXJRX
&RQVHLO5pJLRQDOGX0RURQRX%RQJRXDQRX
&RQVHLO5pJLRQDOGX*XpPRQ'XHNRXp
&RQVHLO5pJLRQDOGHOD1DZD6RXEUp
&RQVHLO5pJLRQDOGX*E{NOq6DVVDQGUD
&RQVHLO5pJLRQDOGX%DILQJ7RXED
&RQVHLO5pJLRQDOGX*ErNr%RXDNp
&RQVHLO5pJLRQDOGX&DYDOO\*XLJOR
&RQVHLO5pJLRQDOGHO
,QGHQLp'MXDEOLQ$EHQJRXURX
&RQVHLO5pJLRQDOGX*{K*DJQRD
&RQVHLO5pJLRQDOGHO
$JQHE\7LDVVD$JERYLOOH
&RQVHLO5pJLRQDOGX.DEDGRXJRX2GLHQQp
&RQVHLO5pJLRQDOGX%pUp0DQNRQR
&RQVHLO5pJLRQDOGX/RK'MLERXD'LYR
&RQVHLO5pJLRQDOGX)RORQ0LQLJQDQ
&RQVHLO5pJLRQDOGX%RXQNDQL%RXQD
&RQVHLO5pJLRQDOGX+DXW6DVVDQGUD'DORD
&RQVHLO5pJLRQDOGX%HOLHU72802',
&RQVHLO5pJLRQDOGX*RQWRXJR%RQGRXNRX
&RQVHLO5pJLRQDOGHO
,IIRX'DRXNUR
&RQVHLO5pJLRQDOGX3RUR.RUKRJR
&RQVHLO5pJLRQDOGX1
]L'LPERNUR
&RQVHLO5pJLRQDOGHOD%DJRXp%RXQGLDOL
&RQVHLO5pJLRQDOGHOD0DUDKRXp%RXDIOp
&RQVHLO5pJLRQDOGH/D0p$G]RSp
&RQVHLO5pJLRQDOGX+DPERO.DWLROD
&RQVHLO5pJLRQDOGX7RQNSL0DQ
1/8
&RQVHLO5pJLRQDOGX:RURGRXJRX6pJXHOD
&RQVHLO5pJLRQDOGHV*UDQGV3RQWV'DERX
&RQVHLO5pJLRQDOGX6XG&RPRp$ERLVVR
&RQVHLO5pJLRQDOGH6DQ3HGUR6DQSHGUR
&RPPXQHGH*RXOLD
&RPPXQHGH1LRIRLQ
&RPPXQHGH%X\R
&RPPXQHGH/DNRWD
&RPPXQHGH.RXQDKLUL
&RPPXQHGH%RXQGLDOL
&RPPXQHGH%RGRNUR
&RPPXQHG
2XPp
&RPPXQHGH'LGLpYL
&RPPXQHGH6LQpPDWLDOL
&RPPXQHGH7LDVVDOp
&RPPXQHGH*ERQQp
&RPPXQHGH*UDER
&RPPXQHGH7DDER
&RPPXQHGH<DPRXVVRXNUR
&RPPXQHGH.DQDNRQR
&RPPXQHGH'DEDNDOD
&RPPXQHG
$EHQJRXURX
&RPPXQHGH7RXED
&RPPXQHG
$JERYLOOH
&RPPXQHGH0DGLQDQL
&RPPXQHGH'LDQUD
&RPPXQHGH6LSLORX
&RPPXQHGH%RXQD
&RPPXQHGH.RPERURGRXJRX
&RPPXQHGH%DQJROR
&RPPXQHGH%RQLpUpGRXJRX
2/8
&RPPXQHGH.DVVpUp
&RPPXQHGH1LDEOp
&RPPXQHGH5XELQR
&RPPXQHGH=RXDQ+RXQLHQ
&RPPXQHGH0
%DWWR
&RPPXQHGH'MLEURVVR
&RPPXQHG
$JQLELOpNUR
&RPPXQHGH0D\R
&RPPXQHG
$VVLQLH0DILD
&RPPXQHGH6RQJRQ
&RPPXQHG
$QRXPDED
&RPPXQHGH=LNLVVR
&RPPXQHGH0DVVDOD
&RPPXQHGH%DVVDZD
&RPPXQHGH.RXLEO\
&RPPXQHGH*XLWU\
&RPPXQHGH%HGLDOD
&RPPXQHGH%LQ+RX\p
&RPPXQHG
$Q\DPD
&RPPXQHGH'MpNDQRX
&RPPXQHGH0DQNRQR
&RPPXQHGH.RXPEDOD
&RPPXQHGH.DQLDVVR
&RPPXQHGH*UDQG/DKRX
&RPPXQHGH*ERQ
&RPPXQHGH=XpQRXOD
&RPPXQHGH'LNRGRXJRX
&RPPXQHGH*XLEHURXD
&RPPXQHGH)UHVFR
&RPPXQHGH7HKLQL
&RPPXQHGH6LQIUD
3/8
&RPPXQHGH2XHOOp
&RPPXQHGH%HWWLp
&RPPXQHGH*UDQG%DVVDP
&RPPXQHGH%RQJRXDQRX
&RPPXQHGH*XLHPEp
&RPPXQHGH'LRXODWLHGRXJRX
&RPPXQHGH*RKLWDIOD
&RPPXQHGH1LDNDUDPDGRXJRX
&RPPXQHGH'XDOOD
&RPPXQHGH%LDQNRXPD
&RPPXQHGH%LQJHUYLOOH
&RPPXQHGH)HUNHVVHGRXJRX
&RPPXQHGH'LDZDOD
&RPPXQHGH'LYR
&RPPXQHGH/RJRXDOp
&RPPXQHGH.DQL
&RPPXQHGH2XUDJDKLR
&RPPXQHGH-DFTXHYLOOH
&RPPXQHGH.RXDVVL.RXDVVLNUR
&RPPXQHGH0
EHQJXp
&RPPXQHGH'DRXNUR
&RPPXQHGH.DUDNRUR
&RPPXQHGH'LPERNUR
&RPPXQHGH'LpJRQHIOD
&RPPXQHGH*ERJXKp
&RPPXQHGH6DQJRXLQp
&RPPXQHGH%pRXPL
&RPPXQHGH*XLJOR
&RPPXQHGH6pJXpOD
&RPPXQHGH<DNDVVp$WWREURX
&RPPXQHGH'DORD
4/8
&RPPXQHGH0LQLJQDQ
&RPPXQHGH+LUp
&RPPXQHGH0RURQGR
&RPPXQHGH.RUKRJR
&RPPXQHGH1
GRXFL
&RPPXQHGH)RXPEROR
&RPPXQHGH%URER
&RPPXQHG
2GLHQQp
&RPPXQHGH.RUR
&RPPXQHGH.RXQ)DR
&RPPXQHGH*UDQG=DWU\
&RPPXQHGH7DQGD
&RPPXQHG
$UUDK
&RPPXQHGH6DQ3HGUR
&RPPXQHGH7LpPpOpNUR
&RPPXQHGH.DWLROD
&RPPXQHG
$IIHU\
&RPPXQHGH6DQGHJXp
&RPPXQHG
$G]RSp
&RPPXQHGH%OROHTXLQ
&RPPXQHGH3ULNUR
&RPPXQHGH%RQGRXNRX
&RPPXQHGH6pJXpORQ
&RPPXQHGH%RQRQ
&RPPXQHGH0DQ
&RPPXQHGH$VVXHIU\
&RPPXQHGH%RFDQGD
&RPPXQHGH1DSLp
&RPPXQHGH7LHQNR
&RPPXQHGH*XH\R
&RPPXQHG
$]DJXLp
5/8
&RPPXQHGH.RRQDQ
&RPPXQHGH6DWDPD6RNRXUD
&RPPXQHGH7DILUp
&RPPXQHGH0DIpUp
&RPPXQHGH%DNR
&RPPXQHGH6H\GRXJRX
&RPPXQHGH7RXOHXSOHX
&RPPXQHGH%RXDIOp
&RPPXQHG
(WWURNUR
&RPPXQHG
$NRXSp
&RPPXQHGH2XDQJRORGRXJRX
&RPPXQHGH)DFREO\
&RPPXQHGH%RXDNp
&RPPXQHGH.RQJ
&RPPXQHGH1DVVLDQ
&RPPXQHGH2XDQLQRX
&RPPXQHGH.RQJDVVR
&RPPXQHGH.RNRXPER
&RPPXQHGH7LHQLQJERXp
&RPPXQHG
$WWLpJRXDNUR
&RPPXQHGH6DPDWLJXLOD
&RPPXQHGH'MpERQRXD
&RPPXQHGH*XLQWpJXHOD
&RPPXQHGH$OpSp
&RPPXQHGH%RWUR
&RPPXQHGH*DJQRD
&RPPXQHGH6DNDVVRX
&RPPXQHGH6LUDVVR
&RPPXQHGH%RRNR
&RPPXQHGH9DYRXD
&RPPXQHGH.RXWR
6/8
&RPPXQHGH'DQDQp
&RPPXQHG
$\DPp
&RPPXQHGH6LNHQVL
&RPPXQHGH7RXPRGL
&RPPXQHG
$GLDNp
&RPPXQHGH'RURSR
&RPPXQHGH7Dw
&RPPXQHGH0
%DKLDNUR
&RPPXQHGH'LDER
&RPPXQHGH%RURWRX
&RPPXQHGH=RXNRXJEHX
&RPPXQHGH7LDSRXP
&RPPXQHGH6DVVDQGUD
&RPPXQHGH0pDGML
&RPPXQHGH6LILp
&RPPXQHGH)URQDQ
&RPPXQHG
,VVLD
&RPPXQHGH7LpPp
&RPPXQHG
$JRX
&RPPXQHGH'XHNRXp
&RPPXQHGH7LRURQLDUDGRXJRX
&RPPXQHGH*UDQG%pUpE\
&RPPXQHGH6RXEUp
&RPPXQHGH7Lp1
GLpNUR
&RPPXQHGH7HQJUpOD
&RPPXQHGH%RQRXD
&RPPXQHGH.RXDVVL'DWpNUR
&RPPXQHGH7LpELVVRX
&RPPXQHGH7DERX
&RPPXQHGH6DUKDOD
&RPPXQHGH1LHOOp
7/8
&RPPXQHGH7UDQVXD
&RPPXQHGH6DWDPD6RNRUR
&RPPXQHG
$ERLVVR
&RPPXQHGH.ROLD
&RPPXQHGH6DLRXD
&RPPXQHGH*EpOpEDQ
&RPPXQHGH:RURIOD
&RPPXQHGH'DERX
&RPPXQHGH7RUWL\D
'*''/*HVWLRQGHV3URYLVLRQVGHV&ROOHFWLYLWpV
8/8
DETAIL DES DOTATIONS DES
COLLECTIVITES TERRITORIALES ET
DES DISTRICTS AUTONOMES
--- Année 2022 ---

0%3( 3DJH

'LUHFWLRQ*pQpUDOHGX%XGJHWHWGHV)LQDQFHV
7LUDJHGX
Dotations des Collectivités Territoriales et des Districts Autonomes en 2022

Exercice: 2022
&3
'LVWULFWV$XWRQRPHV
'LVWULFW$XWRQRPHG
$ELGMDQ
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGXGLVWULFWDXWRQRPHG
$ELGMDQ
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGXGLVWULFWDXWRQRPHG
$ELGMDQ
'LVWULFW$XWRQRPHGH<DPRXVVRXNUR
3HUVRQQHO
$VVXUHUOHWUDLWHPHQWVDODULDOGXSHUVRQQHOGXGLVWULFWGH\DNUR
$VVXUHUOHWUDLWHPHQWVDODULDOGXSHUVRQQHOGX'LVWULFW$XWRQRPHGH<DPRXVVRXNUR
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGXGLVWULFWGH<DNUR
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGXGLVWULFWGH<DNUR
,QYHVWLVVHPHQWV
RUGUHHWGHODVpFXULWpGDQVOHVGLVWULFWVDXWRQRPHV
'pYHORSSHUOHVVHUYLFHVGHSROLFHGDQVOHGLVWULFWGH\DNUR
&RQVWUXFWLRQHWDPpQDJHPHQWG
XQVLWHGHYDQWVHUYLUGHIRXULqUHSRXUOH'LVWULFW$XWRQRPHGH<DPRXVVRXNUR
&RRUGLQDWLRQGXGpYHORSSHPHQWGHVDIIDLUHVpFRQRPLTXHVGDQVOHVGLVWULFWVDXWRQRPHV
'pYHORSSHUOHVWUDQVSRUWVURXWLHUVGDQVOHGLVWULFWGH\DNUR
5HSURILODJHORXUGVXUURXWHVHQWHUUHGDQVOH'LVWULFW$XWRQRPHGH<DPRXVVRXNUR
&RQVWUXFWLRQGHURXWHGXUDEOHHQWHUUHDYHFGXEODFNWDFGDQVOH'LVWULFW$XWRQRPHGH<DPRXVVRXNUR,WLQpUDLUHNPELWXPH
ERXDIOp&DPSHPHQW*pRIURLGGHODSODQWDWLRQGH7RXPERNUR
(TXLSHPHQWGHWURLVFDUUHIRXUVHQIHX[WULFRORUHVGDQVODYLOOHGH<DPRXVVRXNUR3KDUPDFLH+HUJLQDOH3HWLWFDIp)RQGDWLRQ%XUHDX%1(7'
/\FpHVFLHQWLILTXH.SDQJEDVVRX
5pKDELOLWDWLRQGHVRXYUDJHVGHGUDLQDJHGHIUDQFKLVVHPHQWHWG
DVVDLQLVVHPHQWGDQVOH'LVWULFW$XWRQRPHGH<DPRXVVRXNUR
'pYHORSSHUO
DJULFXOWXUHGDQVOHGLVWULFWGH\DNUR
&RQVWUXFWLRQGHIHUPHVG
pOHYDJHHQPDWHULDX[ORFDX[jODSODQWDWLRQGH7RXPERNURGHYDQWVHUYLUG
LQFXEDWHXUSRXUO
LQVHUWLRQGHVMHXQHVGX
'LVWULFW$XWRQRPHGH<DPRXVVRXNURSKDVH
&RRUGLQDWLRQGXGpYHORSSHPHQWGHVORJHPHQWVHWpTXLSHPHQWVFROOHFWLIVGDQVOHVGLVWULFWVDXWRQRPHV
'pYHORSSHUO
pFODLUDJHSXEOLFGDQVOHGLVWULFWGH\DNUR
([WHQVLRQGHO
pOHFWULILFDWLRQGH.RVVRXDQFLHQYLOODJH
'pYHORSSHUO
DOLPHQWDWLRQHQHDXGDQVOHGLVWULFWGH\DNUR
5pKDELOLWDWLRQGHSRPSHVjPRWULFLWpKXPDLQHGDQVOHVYLOODJHVGX'LVWULFWDXWRQRPHGH<DPRXVVRXNUR
>6,*2%(@>$$$(ODERUDWLRQ%XGJHW3URJUDPPH6,*2%(@>$QQH[HGHV&ROOHFWLYLWpV@
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
5pDOLVDWLRQG
XQV\VWqPH+9$j$ERNRXDPpNUR
'pYHORSSHUOHVpTXLSHPHQWVFROOHFWLIVGDQVOHGLVWULFWGH\DNUR
,QGHPQLVDWLRQSRXUH[SURSULDWLRQHQYXHGHODUpDOLVDWLRQGHVSURMHWVGHGpYHORSSHPHQWFRPPLVVDULDWGHSROLFHORJHPHQWVRFLDX[HWO\FpHGH
MHXQHILOOOHVG
DWWLHJRXDNUR
&RRUGLQDWLRQGXGpYHORSSHPHQWGHODVDQWpGDQVOHVGLVWULFWVDXWRQRPHV
'pYHORSSHUGHVGLVSHQVDLUHVHWGHVPDWHUQLWpVGDQVOHGLVWULFWGH\DNUR
&RQVWUXFWLRQGHODFO{WXUHGXFHQWUHGHVDQWpGH*RXURXPLQDQNUR
&RQVWUXFWLRQG
XQFHQWUHGHVDQWpLQWHJUpGHW\SHj'LDPDQVDNDVVRXGDQVODVRXVSUpIHFWXUHGH/RORER
$FTXpULUGHVDSSDUHLOVHWGXPDWpULHOWKpUDSHXWLTXHGDQVOHGLVWULFWGH\DNUR
(TXLSHPHQWHQPDWpULHOELRPpGLFDOGHVFHQWUHVGHVDQWpGDQVOH'LVWULFW$XWRQRPHGH<DPRXVVRXNUR'LRXODNUR*RIDER'LDPDQ6DNDVVRX
*EpOLVVRX
HQVHLJQHPHQWGDQVOHVGLVWULFWVDXWRQRPHV
'pYHORSSHUOHSUHPLHUF\FOHGDQVO
HQVHLJQHPHQWVHFRQGDLUHGDQVOHGLVWULFWGH\DNUR
&RQVWUXFWLRQGHFROOqJHVGHSUR[LPLWpGDQVOH'LVWULFWGH<DPRXVVRXNUR$WWLpJRXDNUR.RVVRXHW0RORQRXEOH
(TXLSHPHQWHQPRELOLHUVDGPLQLVWUDWLIVGHFROOqJHVGDQVOH'LVWULFW$XWRQRPHGH<DPRXVVRXNURDUPRLUHVGHUDQJHPHQWFODVVHXUVILFKLHUV
IDXWHXLOVVDORQDFFXHLOFDQDSpSODFHVIDXWHXLOVURXODQWVHWSLYRWDQWVEXUHDX[DYHFUHWRXUIDXWHXLOVVHFUpWDLUHFKDLVHVUHPERXUUpHV
WDEOHVHWFKDLVHVHQSODVWLTXH
(TXLSHPHQWHQPRELOLHUVVFRODLUHVGHVFROOqJHVGDQVOH'LVWULFW$XWRQRPHGH<DPRXVVRXNURWDEOHVEDQFVEXUHDX[SURIHVVHXUV
FKDLVHVUHPERXUUpHVWDEOHVWDERXUHWVUpJODEOHV
5HKDELOLWDWLRQGXEkWLPHQWDGPLQLVWULWLIHWGHVVDOOHVGHFODVVHGXFROOqJHPRGHUQHGH.RVVRX
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVOHGLVWULFWGH\DNUR
&RQVWUXFWLRQGHWURLVFODVVHVSULPDLUHVSOXVEXUHDXHWODWULQHVj1
GHERGDQVODVRXVSUpIHFWXUHGH/RORER
3URMHWSLORWHGHFRQVWUXFWLRQGHORJHPHQWVVRFLDX[HWpFRORJLTXHVHQ%7&6jXVDJHG
KDELWDWLRQSRXUOHVLQVWLWXWHXUVGDQVOH'LVWULFW$XWRQRPH
GH<DPRXVVRXNUR*RJRNUR63<DPRXVVRXNURHW$JXLEUL63GH/RORER
(TXLSHPHQWHQPRELOLHUVVFRODLUHVGHVpFROHVSULPDLUHVGDQVOH'LVWULFW$XWRQRPHGH<DPRXVVRXNUR7DEOHVEDQFV7DEOHVHQVHLJQDQWV
&KDLVHVUHPERXUUpHV
5pJLRQV
&RQVHLO5pJLRQDOGX7FKRORJR)HUNHVVHGRXJRX

3HUVRQQHO
$VVXUHUOHWUDLWHPHQWVDODULDOGXSHUVRQQHOGXFRQVHLOUpJLRQDOGXWFKRORJR
$VVXUHUOHWUDLWHPHQWVDODULDOGXSHUVRQQHOGX&RQVHLO5pJLRQDOGX7FKRORJR
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGXFRQVHLOUpJLRQDOGXWFKRORJR
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODUHJLRQGX7FKRORJR
,QYHVWLVVHPHQWV
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
'pYHORSSHUO
DOLPHQWDWLRQHQHDXGDQVODUpJLRQGXWFKRORJR
5pDOLVDWLRQGHTXDWUHYLQJWGHX[IRUDJHVpTXLSpVGHSRPSHVK\GUDXOLTXHVjPRWULFLWpKXPDLQHGDQVODUpJLRQ
5pDOLVDWLRQGHTXDUDQWHFLQTIRUDJHVpTXLSpVGHSRPSHVK\GUDXOLTXHVjPRWULFLWpKXPDLQHGDQVODUpJLRQ
$OLPHQWDWLRQHQpQHUJLHVRODLUHGHVL[V\VWqPH+9$GDQVODUpJLRQ
5pDOLVDWLRQGHVHSWV\VWqPHV+9$K\GUDXOLTXHYLOODJHRLVHDPpOLRUpHGDQVODUpJLRQ
'pYHORSSHUGHVGLVSHQVDLUHVHWGHVPDWHUQLWpVGDQVODUpJLRQGXWFKRORJR
&RQVWUXFWLRQG
XQGLVSHQVDLUHj1DPELQJXp2XDQJRORGRXJRXSOXVGHX[ORJHPHQWVHWXQHPDWHUQLWpj6pIRQLpNDKD7RJRQLpUpSOXV
ORJHPHQW
&RQVWUXFWLRQGHWURLVFHQWUHVGHVDQWpGDQVODUpJLRQ)HUNp.RQJHW2XDQJROR
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODUpJLRQGXWFKRORJR
&RQVWUXFWLRQG
XQEkWLPHQWGHTXDWUHFODVVHVODWULQHVHWEXUHDXj.DIDOR%DF
HQVHLJQHPHQWVHFRQGDLUHGDQVODUpJLRQGXWFKRORJR
([WHQVLRQGHVFROOqJHVGH1DPELQJXpEkWLPHQWVGHFODVVHVHW.RQJEkWLPHQWVGHFODVVHV
&RQVHLO5pJLRQDOGX0RURQRX%RQJRXDQRX
3HUVRQQHO
$VVXUHUOHWUDLWHPHQWVDODULDOGXSHUVRQQHOGXFRQVHLOUpJLRQDOGXPRURQRX
$VVXUHUOHWUDLWHPHQWVDODULDOGXSHUVRQQHOGX&RQVHLO5pJLRQDOGX0RURQRX
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGXFRQVHLOUpJLRQDOGXPRURQRX
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODUpJLRQGX0RURQRX
,QYHVWLVVHPHQWV
'pYHORSSHUOHVVHUYLFHVGHSROLFHGDQVODUpJLRQGXPRURQRX
&RQVWUXFWLRQG
XQFRPPLVVDULDWGHSROLFHj0
EDWWR
'pYHORSSHUOHVVHUYLFHVGHSURWHFWLRQFLYLOHGDQVODUpJLRQGXPRURQRX
(TXLSHPHQWGX&HQWUHGH6HFRXUVG
8UJHQFHGH%RQJRXDQRXHQPRELOLHUVGHEXUHDX
5DFFRUGHPHQWGX&HQWUHGH6HFRXUVG
8UJHQFHGH%RQJRXDQRXDXUpVHDXG
DGGXFWLRQG
HDX
'pYHORSSHUOHVWUDQVSRUWVURXWLHUVGDQVODUpJLRQGXPRURQRX
5HSURILODJHORXUGHWWUDLWHPHQWGHVSRLQWVFULWLTXHVGHNPGHURXWHVXUO
D[H$UUDK'DORVVR(URER$VVDOpNRXDVVLNUR.UpJEp
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
'pYHORSSHUO
DOLPHQWDWLRQHQHDXGDQVODUpJLRQGXPRURQRX
&RQVWUXFWLRQG
+9$GDQVOHVORFDOLWpVG
$VVLqNRNRUpGH.RQJRWW\G
$QJEDQRXHWGH.RXEpER
5pDOLVDWLRQGHFLQTSRPSHVjPRWULFLWpKXPDLQHj(ORXER$GLIDL631
JXHVVDQNUR1
JRUDQNUR1
]DQIRXpQRX63.RWRELHW(KRXPDQNUR
63%RQJRXDQRX
7UDYDX[G
pTXLSHPHQWHWGHUDFFRUGHPHQWGHFLQTIRUDJHVG
DGGXFWLRQG
HDXSRWDEOHGDQVOHVORFDOLWpVGH.UpJEpDVVDOpNRXDVVLNUR(URER
1
JXHVVDQNURHW7DQRVVR
5pDOLVDWLRQGHVL[V\VWqPHV+9$7DQRVVR%RXDGLNUR)URQRER1LDQGLDQ$JQDOLHVVRXHW.RXDGLRNURHWLOpNUR
'pYHORSSHUGHVGLVSHQVDLUHVHWGHVPDWHUQLWpVGDQVODUpJLRQGXPRURQRX
(TXLSHPHQWHQPDWpULHOELRPpGLFDOGHVFHQWUHVGHVDQWpGH0
EDRXFHVVRXGH.LQLPRNURGH%RXDGLNURGH1
JUDPDQVDERG
$VVDOpNURG
(KXLNUR
630
EDWWRG
$NDNURGH<DIIR$ERQJRXDG
$VVDOpNURG
(KXLNUR630
EDWWRG
$NDNURGH<DIIR$ERQJRXDG
DKRXQDQHWGHODPDWHUQLWpGH
0
JEULER7DNLNUR
&RQVWUXFWLRQGHVL[FHQWUHVGHVDQWpLQWpJUpVGDQVOHVORFDOLWpVGH1
JUDPDQVDER$KRXQDQ(KXLNUR630
EDWWR$GLEURER.DWFKHQRXHW
<DIIR$ERQJRXD
&RQVWUXFWLRQGHTXDWUHFHQWUHVGHVDQWpGDQVOHVYLOODJHVGH0
EDRXFHVVRX.LQLPRNUR$VVRDNURHWODPDWHUQLWpGH0
JEULER7DNLNUR
'pYHORSSHUGHVVHUYLFHVGHPpGHFLQHJpQpUDOHGDQVODUpJLRQGXPRURQRX
&RQVWUXFWLRQGHFLQTORJHPHQWVGHTXDWUHSLqFHVSRXUOHSHUVRQQHOGHVDQWpGH7DQRVVRGH1
JUDPDQVDERG
$KRURVVRG
(KXLNUR63
0
EDWWRHWGH0
JEULER7DNLNUR
HQVHLJQHPHQWVHFRQGDLUHGDQVODUpJLRQGXPRURQRX
&RQVWUXFWLRQGHFLQTEkWLPHQWVGHVDOOHVVSpFLDOLVpHVGDQVOHV&ROOqJHV0RGHUQHVG
$QGpGH1
JXHVVDQNURGH.UpJEpGH%RXDIRXNURHW
G
$VVLqNRXPDVVL
&RQVWUXFWLRQGHGHX[EkWLPHQWVGHTXDWUHVDOOHVGHFODVVHEXUHDXDXFROOqJHPRGHUQHG
$JQLDHWDXO\FpHPRGHUQHG
$ERQJRXD
&RQVWUXFWLRQG
XQEkWLPHQW5GHKXLWFODVVHVSOXVGHX[EXUHDX[XQEORFVDQLWDLUHGHVL[FDELQHVHWXQEkWLPHQW
DGPLQLVWUDWLIDX&ROOqJH0RGHUQHGH%RXDGLNUR
&RQVWUXFWLRQG
XQEkWLPHQW5GHKXLWFODVVHVSOXVGHX[EXUHDX[XQEORFVDQLWDLUHGHVL[FDELQHVHWXQEkWLPHQWDGPLQLVWUDWLIDX
&ROOqJH0RGHUQHGH.RWREL
&RQVWUXFWLRQG
XQEkWLPHQW5GHKXLWFODVVHVGHX[EXUHDX[XQEORFVDQLWDLUHGHVL[FDELQHVHWXQEkWLPHQWDGPLQLVWUDWLIDX
&ROOqJH0RGHUQHG
$VVLqDSNpVVp
&RQVWUXFWLRQGHGHX[EORFVVDQLWDLUHVGHGRX]HFDELQHVDX[FROOqJHV0RGHUQHVG
$JQLDHWGH%RXDIIRXNUR
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODUpJLRQGXPRURQRX
&RQVWUXFWLRQGHFLQTXDQWHTXDWUHFODVVHVHWFLQTEXUHDX[GDQVOHV(33GHOD5pJLRQ1
GULNUR$OODJEDNUR<DIIR$ERQJRXD$VVLNUR
$OORQJR$NSRNUR$NREDNDER%pQpQp%pQpQp$JERVVRX$JRXD.RPDPER$VVRXDNUR63.UpJEp1
GURVVRX%rWLPER1
]DQIRXpQRX(WLOpNURHW
)LQGLPDQRX
'pYHORSSHUO
DOLPHQWDWLRQHQHDXGDQVODUpJLRQGXPRURQRX
5pDOLVDWLRQGHVHSWIRUDJHVSRXUOHVV\VWqPHVG
K\GUDXOLTXHYLOODJHRLVHDPpOLRUpH+9$j.RQJRWW\$QJEDQRX.RXEHER$VVLqNRNRUH
1
*RKLQRX$VVDOHNUR<RERXHVVRXHWTXDWUHIRUDJHVSRXUXQV\VWqPHG
K\GUDXOLTXHXUEDLQHKXj(URER.UHJEH$VVDOH.RXDVVLNURHW1
*XHVVDQNUR
$FTXLVLWLRQGHVHSWFHQWWDEOHVEDQFVSRXUOHV&ROOqJHVGHODUpJLRQ
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
'pYHORSSHUOHGHX[LqPHF\FOHGHO
$FTXLVLWLRQGHWURLVFHQWWDEOHVEDQFVSRXUOHV/\FpHVGHODUpJLRQ
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODUpJLRQGXPRURQRX
$FTXLVLWLRQGHPLOOHWDEOHVEDQFVSRXUOHV(33GHOD5pJLRQ
&RQVHLO5pJLRQDOGX*XpPRQ'XHNRXp
3HUVRQQHO
$VVXUHUOHWUDLWHPHQWVDODULDOGXSHUVRQQHOGXFRQVHLOUpJLRQDOGXJXHPRQ
$VVXUHUOHWUDLWHPHQWVDODULDOGXSHUVRQQHOGXFRQVHLOUpJLRQDOGX*XpPRQ
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGXFRQVHLOUpJLRQDOGXJXHPRQ
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODUpJLRQGX*XHPRQ
,QYHVWLVVHPHQWV
'pYHORSSHUODGLVWULEXWLRQOHVHQWUHS{WVHWOHVPDJDVLQVGDQVODUpJLRQGXJXHPRQ
&RQVWUXFWLRQGHGHX[PDUFKpVFRXYHUWj%pRXp7RWURGURXHW3RPEO\.RXLEO\
'pYHORSSHUOHVWUDQVSRUWVURXWLHUVGDQVODUpJLRQGXJXHPRQ
&RQVWUXFWLRQGHGDORWVHWSRVHGHEXVHVVXUOHVD[HV7RWURGURXDQFLHQ7RXDQGURX.LURXVXUODULYLqUH6RXpJERX%DQJXLpKL*RXpO\
%pRXQ'RPLQLTXHNUR
5HSURILODJHORXUGGDQVOD5pJLRQGX*XpPRQ
5HSURILODJHORXUGGHGHX[FHQWNPGHVD[HV'RXLPEO\6pPLHQ7LpQ\6LDEO\=LRQGURX7URNSDGURX3RXPEO\)DFREO\7RWURGURX
DQFLHQ7RXDQGURX.LURX.RXLEO\7DFRXUDEO\3LpEO\&DUUHIRXU*Xp]RQ&DUUHIRXU%DKRX%DQJXLpKL%ORWLOp
%pRXQ*RKRXR/pRQNUR0DWKLHXNUR'RPLQLTXHNUR*XpKRXR*ORGp*RKRXR=DJQD*UDQG3LQ7DRXEO\*DKp*XLQJOR7DKRXDNp<RERXpNUR2XVVRXNUR
7DKDEO\*ORGp6FLHULH%pOpPRLQ*XpKLpEO\'LpKLED%DKp6pERQ%DFKH%OHX3RQDQ)OHXYH6DVVDQGUD
5HSURILODJHORXUGGHNPGHO
D[H&DUU'XHNRXp%DJRKRXR%OpQLPpRXLQ.RXLEO\.ODQJERODEO\7LHEO\)DFREO\7RWURGURX
'RXpNSp%OpQLPpRXLQ
5HSURILODJHORXUGGHNPGDQVOD5pJLRQGX*XpPRQD[H7LpQp%DNDULNUR'XpNRXpD[H.RXLEO\'LpRX]RQ%DQJROR.RXLEO\%DQJROR
D[H*XLQJOR*EpDQ.HVVDEO\.RXLEO\D[H1LGURX3DQL6DLGURX.RXLEO\D[H*Ep]LR*Xp]RQ)DFREO\D[H*Xp]RQ:RQVpD)DFREO\7RWURGURX7LpVVDQ
NP)DFREO\'DWRX]RQ.RUGURX6LDPEO\NP.RXLEO\
&RQVWUXFWLRQGHGDORWVHWSRVHGHEXVHVGDQVOD5pJLRQGX*XpPRQ
&RQVWUXFWLRQGHGDORWHWSRVHGHEXVHVVXUOHVD[HV*RQLp'RXpNSpHW=pR=RXDQGURX
3RVHGHTXDWUHEXVHVDYHFUHPEODLVG
DFFqVVXUO
D[H%DQJROR*RKRXR=DJQD*ORSORX'RXpNSp'LpRX]RQ.RXLEO\HW
%DQJOR%pRXp=LELDR*ORSORX=LELDR
&RQVWUXFWLRQG¢XQGDORW[VXUO
D[H'RXpNSp*RQLp7DKRXDNp
'pYHORSSHUOHVpTXLSHPHQWVFROOHFWLIVGDQVODUpJLRQGXJXHPRQ
&RQVWUXFWLRQGHFLQTEkWLPHQWVjXVDJHDGPLQLVWUDWLIGDQVODUpJLRQGX*XpPRQ
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
&RQVWUXFWLRQG
XQEkWLPHQWjXVDJHDGPLQLVWUDWLIj%DJRKRXR'XpNRXp
&RQVWUXFWLRQGHVFO{WXUHVGHVEkWLPHQWVjXVDJHDGPLQLVWUDWLIGDQVODUpJLRQGX*XHPRQ
&RQVWUXFWLRQGHTXDWUHEkWLPHQWVjXVDJHDGPLQLVWUDWLIGDQVOD5pJLRQGX*XpPRQ
&RQVWUXFWLRQG
XQEkWLPHQWjXVDJHDGPLQLVWUDWLIj'XpNRXp
&RQVWUXFWLRQGHGHX[EkWLPHQWVjXVDJHDGPLQLVWUDWLIVj%OpQLPpRXLQHW=RX%DQJROR
'pYHORSSHUO
DOLPHQWDWLRQHQHDXGDQVODUpJLRQGXJXHPRQ
&RQVWUXFWLRQGHWURLV+9$j7RD=HR6LEDEO\9DK\3RQDQHW'DK
5pDOLVDWLRQGHTXDWUH+9$j7URNSDGURX7LpVVDQ)ODQVREO\)DFREO\HW1LGURX.RXLEO\
&RQVWUXFWLRQG
XQ+9$j'LRXURX]RQ'XpNRXp
&RQVWUXFWLRQGHGHX[+9$j6RDNSH'RXHG\HW.DQHEO\
5pDOLVDWLRQG
XQHK\GUDXOLTXHXUEDLQHj'DK%DQJROR
'pYHORSSHUO
pFODLUDJHSXEOLFGDQVODUpJLRQGXJXHPRQ
(OHFWULILFDWLRQGHVYLOODJHVGH6HPLHQ2X\DEO\*QRQGURX.DQHEO\0DNDKHEO\'LRWURXNRXLEO\HW7LHQ\6LDEO\
([WHQVLRQGXUpVHDXpOHFWULTXHGH'LpEO\'XpNRXp
'pYHORSSHUOHORJHPHQWGDQVODUpJLRQGXJXHPRQ
5pKDELOLWDWLRQGXORJHPHQWGX6RXVSUpIHWGH6HPLHQ)DFREO\
'pYHORSSHUGHVVHUYLFHVGHPpGHFLQHVSpFLDOLVpHGDQVODUpJLRQGXJXHPRQ
&RQVWUXFWLRQGXEORFFKLUXUJLFDOGHO
K{SLWDOGH.RXLEO\
'pYHORSSHUGHVGLVSHQVDLUHVHWGHVPDWHUQLWpVGDQVODUpJLRQGXJXHPRQ
&RQVWUXFWLRQGHGHX[PDWHUQLWpVjNHNOREO\HWWDNRUDEO\
&RQVWUXFWLRQGHTXDWUHFHQWUHVGHVDQWpLQWHJUpVjVHEDEDQJRORVHED]RQEDQJRORWXHZRNRXLEO\HWVHDEO\NRXLEO\
&RQVWUXFWLRQGHGHX[FHQWUHVGHVDQWpLQWpJUpVj0DNDLEO\HW.HLWHQDPEO\
&RQVWUXFWLRQGHFHQWUHVGHVDQWpj*ORSORX%DQJRORHW7LpEO\)DFREO\
(TXLSHPHQWGHTXDWUHFHQWUHVGHVDQWpj=RX%DQJROR1LGURX'XpNRXp%LELWD)DFREO\HW%DWLpEO\.RXLEO\
&RQVWUXFWLRQGHGHX[GLVSHQVDLUHVSOXVGHX[EORFVODWULQHVGHFDELQHVSOXVGHX[GLVSRVLWLIVODYHPDLQj0DUWLQNURHW6pED
%DQJROR
&RQVWUXFWLRQG
XQORJHPHQWGHVDJHIHPPHj*XH]RQ)DFREO\
&RQVWUXFWLRQGHTXDWUHPDWHUQLWpVTXDWUHEORFVODWULQHVGHFDELQHVTXDWUHGLVSRVLWLIVODYHPDLQj=LRQGURX%DEO\
%DQJROR'LDKRXLQ'XpNRXpHW%pRXp.RXLEO\
&RQVWUXFWLRQGHGHX[PDWHUQLWpVj*Xp]RQ)DFREO\HWj%pRXp=LELDR%DQJROR
$FTXLVLWLRQG
XQHDPEXODQFHSRXUOHFHQWUHGHVDQWpGH.RUGURX.RXLEO\
'pYHORSSHUGHVVHUYLFHVKRVSLWDOLHUVJpQpUDX[GDQVODUpJLRQGXJXHPRQ
&RQVWUXFWLRQGXODERUDWRLUHGHO
K{SLWDOJpQpUDOGH.RXLEO\
'pYHORSSHUGHVVHUYLFHVFXOWXUHOVGDQVODUpJLRQGXJXHPRQ
(TXLSHPHQWGHKXLWIR\HUVGHVMHXQHVGDQVOHVYLOODJHVGH\DEOLJXLQJORNDHGURX]LRQGURXJEDSOHX]rJXLQJORYLOOHQHQDQG\WHEDRHW
EHRXH)DFREO\
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
&RQVWUXFWLRQGHWURLVIR\HUVGHVMHXQHVj*RXpGML=DJQD*R]RQHW*XLQJOR*EpDQ
&RQVWUXFWLRQG
XQIR\HUGHVMHXQHVj1LDPEO\'XHNRXp
'pYHORSSHUGHVVHUYLFHVUpFUpDWLIVHWVSRUWLIVGDQVODUpJLRQGXJXHPRQ
&RQVWUXFWLRQGXWHUUDLQGHVSRUWGH%DKp6pERQ'XpNRXp
HQVHLJQHPHQWVHFRQGDLUHGDQVODUpJLRQGXJXHPRQ
&RQVWUXFWLRQGHWURLVFROOqJHVGHSUR[LPLWpj]HRWRWURGURXHWRX\DEO\JQRQGURX
&RQVWUXFWLRQGHGHX[FROOqJHVGHSUR[LPLWpEXUHDX[jWLHVVDQ)DFREO\HWEOHQLPHRXLQEDQJROR
&RQVWUXFWLRQG
XQFROOqJHGHSUR[LPLWpj*RKRXR=DJQD
&RQVWUXFWLRQGHGHX[FROOqJHVGHSUR[LPLWpj=RX%DQJRORHW*EDSOHX'XpNRXp
&RQVWUXFWLRQG
XQFROOqJHGHSUR[LPLWpEDVHDXTXDUWLHU'LD\H%HUQDUG
&RQVWUXFWLRQG
XQFROOqJHjEDVHj%pRXp=LELDR
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODUpJLRQGXJXHPRQ
&RQVWUXFWLRQGHTXDUDQWHGHX[VDOOHVGHFODVVHEXUHDX[GDQVODUpJLRQGX*XpPRQ%ORWLOH7KHR%DKH'DKNDKHQ2XODwSRXSOHX
7DKDEO\*ORGH/RNRVVR.RXDGLRNUR'RXDQGURX%RXREO\$NORPLDQEOD'DRXNUR*EDSOHX.RQWURXHW%OHG\SRXUOHV(33
&RQVWUXFWLRQGHWUHQWHVDOOHVGHFODVVHHWEXUHDX[GDQVOD5pJLRQGX*XpPRQ
5pKDELOLWDWLRQGHGHX[EkWLPHQWVGHVDOOHVGHFODVVHGHX[EXUHDX[HWGHX[ODWULQHVjO
(333DQ\.RXLEO\HW1DQDG\=LD
.RXLEO\
&RQVWUXFWLRQGHVDOOHVGHFODVVHVEXUHDX[HWODWULQHVGDQVOHVpFROHVSULPDLUHVSXEOLTXHVGH'RXLPEO\)DFREO\7RXDQGURX*EpDQ.RXLEO\
3DSDGRXJRX'XpNRXp'RXpNSp%DQJROR%DEO\%DQJROR.RXLVUD%DQJROR
5pKDELOLWDWLRQGHVDOOHVGHFODVVHEXUHDXGDQVOD5pJLRQGX*XpPRQ
&RQVWUXFWLRQGHGRX]HVDOOHVGHFODVVHTXDWUH%XUHDX[HWTXDWUHODWULQHVGDQVOHV(FROHV3ULPDLUHVSXEOLTXHVGH*XpNSp
%DQJROR%pRQ*RKRXR%DQJROR3RQDQ2XLQOR'XpNRXp*ERNSp.RXLEO\
5pKDELOLWDWLRQGHGL[KXLWVDOOHVGHFODVVHj7pDG\%DQJROR6LpEO\%DWKLEO\HW7RWURGURX%pRXp.RXLEO\
&RQVWUXFWLRQGHGL[KXLWVDOOHVGHFODVVHHWEXUHDXVL[EORFVODWULQHVGHFDELQHVVL[GLVSRVLWLIVODYHPDLQj%pOpPRLQ
6pRXQ*XLQJORHW)HQJROR'XpNRXp7DKREO\qPHpFROH)DFREO\*RKRXR=DUDEDRQ%DQJRORHW'RXDJXp.RXLEO\
&RQVWUXFWLRQGHGL[KXLWVDOOHVGHFODVVHSOXVEXUHDXj5REHUNUR*ORXEO\%RKR=pUpJER'LpGURXHW*RXpWLOp
HQVHLJQHPHQWVHFRQGDLUHGDQVODUpJLRQGXJXHPRQ
&RQVWUXFWLRQGHVDOOHVPXOWLPHGLDGDQVOHVO\FpHVGH'XHNRXH%DQQJROR.RXLEO\HW)DFREO\
5pKDELOLWDWLRQGHVO\FpHVGH)DFREO\HW.RXLEO\
3URWpJHUOHVIDPLOOHVHWOHVHQIDQWVGDQVODUpJLRQGXJXHPRQ
&RQVWUXFWLRQG
XQRUSKHOLQDWj'XHNRXH
&RQVHLO5pJLRQDOGHOD1DZD6RXEUp
3HUVRQQHO
$VVXUHUOHWUDLWHPHQWVDODULDOGXSHUVRQQHOGXFRQVHLOUpJLRQDOGHODQDZD
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
$VVXUHUOHWUDLWHPHQWVDODULDOGXSHUVRQQHOGHODUpJLRQGHOD1DZD
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGXFRQVHLOUpJLRQDOGHODQDZD
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODUpJLRQGHOD1DZD
,QYHVWLVVHPHQWV
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODUpJLRQGDQVODQDZD
&RQVWUXFWLRQGHEkWLPHQWVGHFODVVHVHWEXUHDXGDQVOHVpFROHVSULPDLUHVSXEOLTXHVGH3HWLW/LEUHYLOOH.RGD\DHW:RQVpDO\
'REUp2EURXD\R,,,1
*XHVVDQ.DPNUR<DRFDUUHIRXUHW=RXJRX]RD
&RQVWUXFWLRQG
pFROHVSULPDLUHVGHFODVVHVDYHFEXUHDX[j2XSR\R2NURX\R.RVVRX6EUpHW%DEDpURXD
&RQVWUXFWLRQG
XQHFDQWLQHVFRODLUHj<DFROL'DERXR
&RQVWUXFWLRQGHEkWLPHQWVGHFODVVHVHWEXUHDXGDQVOHVpFROHVSULPDLUHVSXEOLTXHVGH2WWDZD*EOpWLD<DRFDUUHIRXU
*QDSR\R:HQpGRXJRX7RXUpNUR%OHVVpRXD*ED]RD2XUpKLR2XSR\R*UDJEDVRHW.RXDNRXNUR
&RQVWUXFWLRQGHEkWLPHQWVGHFODVVHVHWEXUHDXGDQVOHVpFROHVSULPDLUHVSXEOLTXHVGH/D]RD*ELVVR'DERX\R%DOpNR
1LRURXKLR7DQRNUR&PGW1
*XHVV*EDWLQD2XSDJXL
&RQVWUXFWLRQGHFDQWLQHVVFRODLUHVGDQVOHVpWDEOLVVHPHQWVSULPDLUHVSXEOLFVGH7FKpWDO\%DOpNR1pJUpDJXL%HOOHYLOOH*ELVVR7DJED\R
1LRURXKLR*QLWLWRXDJXL7RXDJXL.DJQpQDNR2WWDZDHW%OpVVpRXD
'pYHORSSHUGHVVHUYLFHVKRVSLWDOLHUVVSpFLDOLVpVGDQVODUpJLRQGDQVODQDZD
&RQVWUXFWLRQGHODFO{WXUHGHO
DQWHQQHGHWUDQVIXVLRQVDQJXLQHGH6RXEUp
'pYHORSSHUGHVGLVSHQVDLUHVHWGHVPDWHUQLWpVGDQVODUpJLRQGDQVODQDZD
$FTXLVLWLRQG
XQHDPEXODQFHSRXUOHFHQWUHGHVDQWpGH%DOpNR
&RQVWUXFWLRQGHFHQWUHVGHVDQWpLQWpJUpVj*EDWLQD*QDPDJXLHW*EDGD.RXDPpNUR2NURX\R
&RQVWUXFWLRQGHFHQWUHVGHVDQWpLQWpJUpVj$QJDJXL7DJED\R*EOpWLD=LZD\RHW*EOLJOR
&RQVWUXFWLRQGHWURLVORJHPHQWVGHVDJHIHPPHj/LOOL\R'REUpHW.LSLUL*UDQG=DWWU\
'pYHORSSHUGHVVHUYLFHVKRVSLWDOLHUVJpQpUDX[GDQVODUpJLRQGDQVODQDZD
&RQVWUXFWLRQG
XQEORFPDWHUQLWpjO
K{SLWDOJpQpUDOGH%X\R
HQVHLJQHPHQWVHFRQGDLUHGDQVODUpJLRQGDQVODQDZD
&RQVWUXFWLRQG
XQFROOqJHjEDVHj%X\REkWLPHQWGHVDOOHVVSpFLDOLVpHVDLUHGHMHX[
&RQVWUXFWLRQGHFROOqJHVjEDVHGDQVOHVGpSDUWHPHQWVGHOD5pJLRQ
&RQVWUXFWLRQG
XQHpFROHSURIHVVLRQQHOOHGpQRPPpH
(FROHGHODLqPHFKDQFH
j0D\R
&RQVWUXFWLRQGHIR\HUVVFRODLUHVGDQVOHVFROOqJHVGH0D\R%X\R*Xp\RHW2XSR\R
&RQVWUXFWLRQGHVFO{WXUHVGHVFROOqJHVjEDVHGH0D\R%X\R*Xp\RHW2XSR\R
&RQVWUXFWLRQGHEkWLPHQWVGHFODVVHVHWEXUHDXGDQVOHVFROOqJHVPRGHUQHVGH*UDQG=DWWU\%X\RHW0pDJXL
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
'pYHORSSHUOHVVHUYLFHVGHSROLFHGDQVODUpJLRQGDQVODQDZD
&RQVWUXFWLRQGHVFO{WXUHVGHVEULJDGHVGHJHQGDUPHULHGH/LOL\RHW2NURX\R
&RQVWUXFWLRQGHGHX[EULJDGHVGHJHQGDUPHULHj*QDPDJXLHW2XSR\R
3URYLVLRQSRXULQYHVWLVVHPHQWGHODUpJLRQGDQVODQDZD
3URYLVLRQSRXULQYHVWLVVHPHQW
'pYHORSSHUOHVDXWUHVVHUYLFHVJpQpUDX[GDQVODUpJLRQGHODQDZD
([WHQVLRQGXUpVHDX&kEODJH,QWHUQHW9LGpRVXUYHLOODQFHFLUFXLWRQGXOpDXVLqJHGHOD5pJLRQ
$FKDWGHYpKLFXOHVSRXUOHVVHUYLFHVGHOD5pJLRQYpKLFXOHV
7UDYDX[G
DPpQDJHPHQWGHO
K{WHOGH5pJLRQGHOD1DZD
&RQVWUXFWLRQG
XQHQWUHS{WSRXUOHVHUYLFHWHFKQLTXHDXVLqJHGHOD5pJLRQ
$FTXLVLWLRQG
HQJLQVORXUGVSRXUHQWUHWLHQURXWLHUQLYHOHXVHSHOOHPpFDQLTXHFRPSDFWHXUVjSLHGVGHPRXWRQDLJXLOOHVYLEUDQWHV
EpWRQQLqUHV3RQGHXVHXQLYHUVHOOH
&RQVHLO5pJLRQDOGX*E{NOq6DVVDQGUD
3HUVRQQHO
$VVXUHUOHWUDLWHPHQWVDODULDOGXSHUVRQQHOGXFRQVHLOUpJLRQDOGXJERNOH
$VVXUHUOHWUDLWHPHQWVDODULDOGXSHUVRQQHOGXFRQVHLOUpJLRQDOGXJERNOH
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGXFRQVHLOUpJLRQDOGXJERNOH
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODUHJLRQGX*ERNOH
,QYHVWLVVHPHQWV
'pYHORSSHUOHVDXWUHVVHUYLFHVJpQpUDX[GDQVODUpJLRQGXJERNOH
$FTXLVLWLRQGHFLQTYpKLFXOHVSRXUOHVVHUYLFHVGX&RQVHLO5pJLRQDOSUHPLqUHWUDQFKHYpKLFXOHVSRXUO
DQQpH
$FTXLVLWLRQGHFLQTPRWRVSRXUOHVDJHQWVFROOHFWHXUVGHOD5pJLRQGX*E{NOq
$FTXLVLWLRQGHPDWpULHOVWHFKQLTXHVSRXUODUDGLRUpJLRQDOHXQpPHWWHXU)PDPSOLILFDWHXUUDGLRDQWHQQHGXSOH[HXUFDYLWpS\O{QHOLDLVRQ
pTXLSHPHQWGHVWXGLR)PDXGLRSURFHVVHXUWDEOHGHPL[DJHOHFWHXUHQUHJLVWUHXU&'03DPSOLILFDWHXUGHUHWRXUVWXGLRLQIRUPDWLTXHGHGLIIXVLRQFRGHXU
5'6
'pYHORSSHUOHVWUDQVSRUWVURXWLHUVGDQVODUpJLRQGXJERNOH
5HSURILODJHORXUGGHVYRLHVGHODUHJLRQJRPHQHEHUL]HULEHULERQMRXUNP
5HSURILODJHORXUGGHVYRLHVGHODUHJLRQJRPHQHEHULJEDJEDP\DNDVVHNP
5HSURILODJHORXUGGHVYRLHVGHODUHJLRQSDXO\EURXVVHVDKRXDDKXHNURSHWLWEHRXPLHGRXDUNURODEDNX\DNP
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
5HSURILODJHORXUGGHVYRLHVGHODUHJLRQOREDNX\DVLDORXNURF{WHEDRXOHNP
'pYHORSSHUO
DOLPHQWDWLRQHQHDXGDQVODUpJLRQGXJERNOH
5pKDELOLWDWLRQGHSRPSHVYLOODJHRLVHVHWUpDOLVDWLRQGHTXDWRU]HIRUDJHVGDQVOHVYLOODJHV
5pDOLVDWLRQGHQHXIIRUDJHVj%RXWRXEUp%RXWRXEUp*DURXEUp/DEDNX\D*QDJR&{WH%DRXOp7DQRp$NDNUR'DKLULHW/RKLUL*RGLp
'pYHORSSHUOHVpTXLSHPHQWVFROOHFWLIVGDQVODUpJLRQGXJERNOH
([WHQVLRQGXUpVHDXpOHFWULTXHGXFRPSOH[H2O\PSH$IULFD
&RQVWUXFWLRQG
XQPDUFKpj*EDJEDP
$FTXpULUGHVDSSDUHLOVHWGXPDWpULHOWKpUDSHXWLTXHGDQVODUpJLRQGXJERNOH
$FTXLVLWLRQGHPDWpULHOVELRPpGLFDX[SRXUOHVFHQWUHVGHVDQWpGH=X]XRNRHW0pGRQOLWVGHPLVHHQREVHUYDWLRQPDWpULHOVWDEOHV
G
DFFRXFKHPHQWWDEOHVGHSDQVHPHQWXULQRLUVVWpWKRVFRSHVKDULFRWVWHQVLRPqWUHVHWF
'pYHORSSHUGHVGLVSHQVDLUHVHWGHVPDWHUQLWpVGDQVODUpJLRQGXJERNOH
([WHQVLRQGXFHQWUHGHVDQWpXUEDLQGH'DNSDGRX
&RQVWUXFWLRQGHGHX[PDWHUQLWpVj0HGRQHW*QDJR
&RQVWUXFWLRQG
XQFHQWUHGHVDQWpj2NURPRXGRXGLVSHQVDLUHHWPDWHUQLWp
5pKDELOLWDWLRQGHVK{SLWDX[GH)UHVFRHW6DVVDQGUD
$FTXLVLWLRQGHPRELOLHUVSRXUOHVFHQWUHVGHVDQWpGH/DWpNRHW=HJEDQIDXWHXLOVDJHQWVGRX]HDUPRLUHVjEDWWDQWVKXLW
EXUHDX[DJHQWVGRX]HFKDLVHVYLVLWHXUVGRX]HEDQFVSRXUVDOOHG
DWWHQWHTXDUDQWHFKDLVHVHWF
&RQVWUXFWLRQG
XQGLVSHQVDLUHj\DNDVVp
&RQVWUXFWLRQG
XQFHQWUHGHVDQWpj.RXDWpSUHPLqUHWUDQFKHFRQVWUXFWLRQG
XQGLVSHQVDLUH
HQVHLJQHPHQWVHFRQGDLUHGDQVODUpJLRQGXJERNOH
$FTXLVLWLRQGHWDEOHVEDQFVSRXUOHVpWDEOLVVHPHQWVVHFRQGDLUHVGHODUpJLRQWDEOHVEDQFV
$FTXLVLWLRQGHPDWpULHOVLQIRUPDWLTXHVSRXUOHVpWDEOLVVHPHQWVVHFRQGDLUHVGHOD5pJLRQ*ULKLUL*EDJEDP/\FpH)UHVFRHW'DVVLRNRGL[KXLW
SDFNVG
RUGLQDWHXUVFRPSOHWVGL[KXLWLPSULPDQWHVPXOWLIRQFWLRQV
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODUpJLRQGXJERNOH
&RQVWUXFWLRQGHVL[pFROHVGHWURLVFODVVHVFKDFXQHSOXVEXUHDXSOXVODWULQHVj<DR$SHODNUR/REDNX\D*QDNDVVp*ULKLUL'DOLH]HOLHW
*DURXEUp
$FTXLVLWLRQGHPRELOLHUVGHEXUHDXSRXUOHVpFROHVSULPDLUHVGHOD5pJLRQ
&RQVWUXFWLRQGHTXDWUHpFROHVGHWURLVFODVVHVFKDFXQHSOXVEXUHDXSOXVODWULQHVSOXVPDJDVLQj.SDWD$ELERX.SOHNRXDPHNUR
.RXDPHNURHW*RGMLERXH
&RQVWUXFWLRQGHGHX[pFROHVGHWURLVFODVVHVDGPLQLVWUDWLRQj7ULNSRNRHW*EDGMLERXD
&RQVWUXFWLRQGHKXLWpFROHVSULPDLUHVj,QDKLUL.HLWDGRXJRX*ULKLUL+HQULNUR%DOLERQ%DORNX\D.DPERXQRXNURHW1LDSLGRXSUHPLqUHWUDQFKH
DFKqYHPHQWGHVL[FODVVHVj.pLWDGRXJRXH[SURMHWV338
&RQVWUXFWLRQG
XQEkWLPHQWGHWURLVFODVVHVEXUHDXODWULQHVj.RXDGLREDORXNUR
&RQVWUXFWLRQG
XQEkWLPHQWGHWURLVFODVVHVEXUHDXODWULQHVj6HKLEO\
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
$FTXLVLWLRQGHWDEOHVEDQFVSRXUOHVpWDEOLVVHPHQWVSULPDLUHVGHOD5pJLRQWDEOHVEDQFV
HQVHLJQHPHQWVHFRQGDLUHGDQVODUpJLRQGXJERNOH
&RQVWUXFWLRQG
XQFROOqJHGHSUR[LPLWpjJEDJEDPWURLVFODVVHVODWULQHVVL[FDELQHV
&RQVWUXFWLRQG
XQFROOqJHGHSUR[LPLWHjOREDNX\DWURLVFODVVHVODWULQHVVL[FDELQHV
&RQVWUXFWLRQG
XQFROOqJHjEDVHjJULKLULGHX[VDOOHVVSHFLDOLVHHVHWVL[FDELQHV
&RQVWUXFWLRQG
XQFROOqJHGHSUR[LPLWpjPHGRQWURLVFODVVHVSODWHIRUPHEORFDGPLQLVWUDWLI
&RQVWUXFWLRQG
XQFROOqJHGHSUR[LPLWpjGDVVLRNRWURLVFODVVHVXQHVDOOHVSpFLDOLVpHODWULQHVVL[FDELQHV
$PpQDJHPHQWGXVLWHGXFROOqJHGHSUR[LPLWpj/REDNX\D
$OLPHQWDWLRQGXEORFDGPLQLVWUDWLIGXFROOqJHGH'DVVLRNRHQpQHUJLHVRODLUH
$FTXLVLWLRQGHPRELOLHUVGHEXUHDXSRXUOHVFROOqJHVGH*ULKLULHW'DVVLRNREXUHDX[DUPRLUHVjEDWWDQWVFKDLVHVUHPERXUpHVHW
WDEOHDX[PRELOHV
&RQVWUXFWLRQG
XQORJHPHQWVRFLDODXFROOqJHGH*ULKLUL
5DFFRUGHPHQWGXFROOqJHGH*EDJEDPDXUpVHDXpOHFWULTXH
$FTXLVLWLRQGHPDWpULHOVGLGDFWLTXHVSRXUOHVpWDEOLVVHPHQWVVHFRQGDLUHV*ULKLUL*EDJEDPO\FpH)UHVFRHW'DVVLRNRVL[PLFURVFRSHV
RSWLTXHVVL[RVFLOORVFRSHVVL[PXOWLPqWUHVVL[DJLWDWHXUVPDJQpWLTXHVVL[pYDSRUDWHXUVURWDWLIVVL[ORXSHVjPDLQVL[ORXSHV
ELQRFXODLUHVVL[SURMHFWHXUVGHGLDSRVLWLYHVVL[UpWURSURMHFWHXUVHWVL[RVFLOODWHXUVPpFDQLTXHVHWF
5DFFRUGHPHQWGXFROOqJHGH*EDJEDPDXUpVHDXG
DGGXFWLRQG
HDX
'pYHORSSHUOHVVHUYLFHVGHSURWHFWLRQFLYLOHGDQVODUpJLRQGXJERNOH
7UDYDX[G
DVVDLQLVVHPHQWGXVLWHGXFHQWUHUpJLRQDOGHVHFRXUVG
XUJHQFH
$FTXLVLWLRQGHPRELOLHUVGHEXUHDXSRXUOHFHQWUHGHVHFRXUVG
XUJHQFHGH6DVVDQGUDWURLVIDXWHXLOVGHEXUHDXFLQTXDQWHFKDLVHV
YLVLWHXUVFLQTFOLPDWLVHXUVGH&9FLQTSODFDUGVPpWDOOLTXHVWURLVYHQWLODWHXUV¢
$FTXLVLWLRQGHPDWpULHOVWHFKQLTXHVSRXUOHFHQWUHUpJLRQDOGHVHFRXUVG
XUJHQFHGH6DVVDQGUD
&RQVHLO5pJLRQDOGX%DILQJ7RXED
3HUVRQQHO
$VVXUHUOHWUDLWHPHQWVDODULDOGXSHUVRQQHOGXFRQVHLOUpJLRQDOGXEDILQJ
$VVXUHUOHWUDLWHPHQWVDODULDOGXSHUVRQQHOGHODUpJLRQGX%DILQJ
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGXFRQVHLOUpJLRQDOGXEDILQJ
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODUpJLRQGX%DILQJ
,QYHVWLVVHPHQWV
'pYHORSSHUOHVWUDQVSRUWVURXWLHUVGDQVODUpJLRQGXEDILQJ
7UDYDX[GHWUDLWHPHQWGHVRL[DQWHFLQTSRLQWVFULWLTXHVFRQVWUXFWLRQGHGDORWHWGH%XVHGDQVOHV'pSDUWHPHQWVGH7RXEDGH2XDQLQRXHW
GH.RUR
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
5HSURILODJHORXUGGHNPGHURXWHDYHFWUDLWHPHQWGHSRLQWVFULWLTXHVVXUO
$[H*DQKRXp6pULILQD7LDKRXp%pNRVVR9D\DVVR7RXEDNR*RXpNDQ
6RXJRXpNDQ
'pYHORSSHUO
DOLPHQWDWLRQHQHDXGDQVODUpJLRQGXEDILQJ
&RQQH[LRQDXUpVHDXG
HDXSRWDEOHGX6LqJHGX&RQVHLO5pJLRQDOGX%DILQJ
&RQVWUXFWLRQGHVHL]HSRPSHV+\GUDXOLTXHV9LOODJHRLVHVGDQVOD5pJLRQGX%DILQJ1LpQDQ*XpQLPDQ]R.DPDOR%RQWRPDQ%DDGDODGDQV
OH'pSDUWHPHQWGH7RXED*XHK6DKRXpOD2XDORX6pNRXGRXJRX7LpRXOpGRXJRXHW'URGRXJRXGDQVOH'pSDUWHPHQWGH2XDQLQRX6RNRXUDQL.RIILQD
%RURNHVVLHQNR%RQDJRURHW6LODIHVVRGDQVOH'pSDUWHPHQWGH.RUR
&RQVWUXFWLRQGHQHXISRPSHV+\GUDXOLTXHV9LOODJHRLVHV$PpOLRUpHV+9$GDQVOHVQRXYHOOHV6RXVSUpIHFWXUHV1LRNRVVR0DKDQGRXJRX
6DERXGRXJRX*RXpNDQ*EpOR6DQWDHWGDQVOHVORFDOLWpVGH%RQLQJRXp630DKDQGRXJRXGH%RQ]R63*XLQWpJXHODHW7RUDQRX63%RRNR
&RQVWUXFWLRQGHWUHQWHSRPSHVjPRWULFLWpKXPDLQHGDQVOD5pJLRQGX%DILQJ)HQDQ*RXUDOR)DNDNR7LpNRXUDVVR.RXURXNRURGLRPDQ
*EDPRXOD%DQJRIr*RGRXIRXPD6DDODNDPDVVHODHW.RKLGRXJRXGDQVOH'pSDUWHPHQWGH7RXED0LDPERGRXJRX2XD\qUp'LDOD.HVVHVVR6DJEDQLNUR
*EDODGRXJRX7DPDGRXJRX0RU\WLqGRXJRX:RURVVRXNUR7RXUHVVRGDQVOH'pSDUWHPHQWGH.RUR*RXpNUR%DVVDP6RXOD2XDORXJDQKRXp.RXQJEpNUR
0DVVpGRXJRX6pULILQD6LILp%RXQWD6HHVRGDQVOH'pSDUWHPHQWGH2XDQLQRX
$GGXFWLRQHQHDXSRWDEOHGX&HQWUHGH6HFRXUVG
8UJHQFHGHOD5pJLRQGX%DILQJ
5pKDELOLWDWLRQGHFLQTXDQWHSRPSHVjPRWULFLWpKXPDLQHGDQVOD5pJLRQGX%DILQJ%pPDVVR<RK.RKLGRXJRX=RGRXIRXPDQ'ROOD
6RXDWLpVVR*RXpOD%RXWLVVR.RQLPDQ:DJQDJRUR<DPDWRXOR'pSDQRQGDQVOH'pSDUWHPHQWGH7RXED0LVVDGRXJRX.RVVDQJXL/DVVpGRXJRX6pIHVVR
%D\ROD.RQLJRUR.SRKR6LQNRUR%DVVDP%pNRVVR%RXQGDGDQVOH'pSDUWHPHQWGH2XDQLQRX'LHQJXpUp2XDVVLNR0DVVDODEDUDOD0DIDQGRXJRX
2XD\pUp%ULPDOD.DODVVL1LDPRXWRX0DVVDODVRNRXUDQLGDQVOH'pSDUWHPHQWGH.RUR
'pYHORSSHUO
pFODLUDJHSXEOLFGDQVODUpJLRQGXEDILQJ
&RQQH[LRQDXUpVHDXQDWLRQDOG
pFODLUDJHSXEOLFGXVLWHGX6LqJHGX&RQVHLO5pJLRQDOGX%DILQJ
(OHFWULILFDWLRQGX&HQWUHGH6HFRXUVG
8UJHQFHGHOD5pJLRQGX%DILQJ
'pYHORSSHUGHVGLVSHQVDLUHVHWGHVPDWHUQLWpVGDQVODUpJLRQGXEDILQJ
5pKDELOLWDWLRQGHVORJHPHQWVGHVLQILUPLHUVGHGRKGHVLODNRURGHPRDPEDVVRHWGHNRIILQD
5pKDELOLWDWLRQGHVGLVSHQVDLUHVGHGRKGHVLODNRURGHPRDPEDVVRHWGHNRIILQD
&RQVWUXFWLRQGHTXDWUHGLVSHQVDLUHVj0DVVDODj=DEDQDJRURj%DGDODHWj:RURVVDQLVVR
&RQVWUXFWLRQGHTXDWUHGLVSHQVDLUHVj0DVVHGRXJRX=RGRIRXPD)RXDOD%DUDODVVRED
&RQVWUXFWLRQGHGHX[&HQWUHVGH6DQWpj7RXO{63'LRPDQHWj.RQLJRXHOR63%RRNR
&RQVWUXFWLRQGHGHX[&HQWUHVGH6DQWpj7RKDHWj)HQDQGDQVOH'pSDUWHPHQWGH7RXED
&RQVWUXFWLRQGHTXDWUH&HQWUHVGH6DQWpj*ERQ]R%RXWLVVR*XHQLPDQ]RHW%RXLQGDODGDQVOHGpSDUWHPHQWGH7RXED
&RQVWUXFWLRQGHWURLV&HQWUHVGH6DQWpj%RXQGD2XDORXJRXHNDQHW7RXEDFRJRXHNDQGDQVOHGpSDUWHPHQWGH2XDQLQRX
&RQVWUXFWLRQG
XQFHQWUHGH6DQWpj.UDPRWLHGRXJRXGDQVOHGpSDUWHPHQWGH.RUR
&RQVWUXFWLRQGHWURLV&HQWUHVGH6DQWpGDQVOD5pJLRQGX%DILQJ6HULILQD632XDQLQRX6RXOD63.RRQDQHW7RUDQRX63%RRNR
&RQVWUXFWLRQG
XQORJHPHQWG
LQILUPLHUXQEORFGHODWULQHVj*RXpNUR63.RRQDQ
&RQVWUXFWLRQGHGHX[ORJHPHQWVG
LQILUPLHUVj7RXORHW)rQDQGDQVOHGpSDUWHPHQWGH7RXED
LQILUPLHUVj6pULILQDHW6RXODGDQVOHGpSDUWHPHQWGH2XDQLQRX
LQILUPLHUVj7RUDQRXHW.RQLQJRXpORGDQVOHGpSDUWHPHQWGH.RUR
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
&RQVWUXFWLRQGHRQ]HORJHPHQWVG
LQILUPLHUVGDQVOD5pJLRQGX%DILQJ2XpEDVVR=DEDQDJRUR'ROOD0DVVDOD7pQpPDVVD0RULILQJVR
%DGDOD*RXDQD0DQGRXJRX7LHQNRHW7LHQNR
&RQVWUXFWLRQGHGHX[ORJHPHQWVGHVDJHIHPPHj7RXORHW)rQDQGDQVOHGpSDUWHPHQWGH7RXED
&RQVWUXFWLRQGHGHX[ORJHPHQWVGHVDJHIHPPHj6pULILQDHW6RXODGDQVOHGpSDUWHPHQWGH2XDQLQRX
&RQVWUXFWLRQGHGHX[ORJHPHQWVVDJHIHPPHj7RUDQRXHW.RQLQJRXpORGDQVOHGpSDUWHPHQWGH.RUR
&RQVWUXFWLRQGHORJHPHQWVGHVDJHIHPPHj0RDPEDVVRj'RKj%DNDQGHVVRHWj6LODNRUR
&RQVWUXFWLRQGHVHSWORJHPHQWVG
LQILUPLHUGDQVOHVORFDOLWpVGH/DQGRXpGH:RURVVDQLVVRGH7RKDGH*RORXWRXO{GH*EpQpPDGH
'pVVqQpHW%DPEDGRXJRX
&RQVWUXFWLRQGHTXDWUHORJHPHQWVG
LQILUPLHUGDQVOHVORFDOLWpVGH0DVVHGRXJRX632XDQLQRX=RGRIRXPD63.RRQDQ)RXDOD63
7RXED%DUDODVVRED632XDQLQRX
&RQVWUXFWLRQGHVHSWORJHPHQWVGH6DJHIHPPHGDQVOHVORFDOLWpVGH*RXORXWRXO{GH*EpQpPDGH'pVVqQpGH/DQGRXpGH.RIILQDGH
*RXDQDHWGH7RKD
&RQVWUXFWLRQG
XQORJHPHQWGHODVDJHIHPPHj*RXHNUR
&RQVWUXFWLRQGHTXDWUHPDWHUQLWpVGDQVOHVORFDOLWpVGH'MRPDQ637RXEDGH0DQGRXJRX632XDQLQRXGH0DKDQGRXJRX63%RRNR
HWGH%RURNHVVLHQNR63%RRNR
&RQVWUXFWLRQGHTXDWUHORJHPHQWVGHVDJHIHPPHGDQVOHVORFDOLWpVGH'MRPDQ637RXEDGH0DQGRXJRX632XDQLQRXGH
0DKDQGRXJRX63%RRNRHWGH%RURNHVVLHQNR63%RRNR
$FTXpULUGHVDSSDUHLOVHWGXPDWpULHOWKpUDSHXWLTXHGDQVODUpJLRQGXEDILQJ
(TXLSHPHQWGHVGLVSHQVDLUHVGH0DVVHGRXJRX632XDQLQRX=RGRIRXPD63.RRQDQ)RXDOD637RXED%DUDODVVRED630DKDQGRXJRX
HQPDWpULHOVELRPpGLFDX[
(TXLSHPHQWGHVFHQWUHVGHVDQWpGH7RXOR637RXED)rQDQ63*XLQWHJXHOD6pULILQD632XDQLQRX6RXOD632XDQLQRX7RUDQRX63
%RRNRHW.RQLQJRXpOR63%RRNRHQPDWpULHOVELRPpGLFDX[
HQVHLJQHPHQWVHFRQGDLUHGDQVODUpJLRQGXEDILQJ
7UDYDX[G
DFKqYHPHQWG
XQEkWLPHQWGHWURLVFODVVHVDX/\FpH0RGHUQH$ODVVDQH2XDWWDUDGH2XDQLQRX
HQVHLJQHPHQWVHFRQGDLUHGDQVODUpJLRQGXEDILQJ
&RQVWUXFWLRQGHFLQTFROOqJHVjEDVHGDQVOD5pJLRQGX%DILQJqUHSKDVH XQEkWLPHQWGHTXDWUHVDOOHVGHFODVVHj
*EpOR0DQGRXJRXj1LRNRVVRj)RXQJEHVVRj'LRPDQHWj*DQKRXp6pULILQDQ
&RQVWUXFWLRQGHGHX[FROOqJHVjEDVHj0DKDQGRXJRXHWGH*RXpNDQqUHSKDVH XQEkWLPHQWGHTXDWUHVDOOHVGHFODVVH
&RQVWUXFWLRQGHTXDWUHFROOqJHVjEDVHGDQVOD5pJLRQGX%DILQJqUHSKDVH XQEkWLPHQWGHTXDWUHVDOOHVGHFODVVHj
6DERXGRXJRX632XDQLQRX7LHQNR637RXED7LDKRXp632XDQLQRXHW)HUHQWHOOD632XDQLQRXGDQVOHGpSDUWHPHQWGH2XDQLQRX
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODUpJLRQGXEDILQJ
&RQVWUXFWLRQGHGHX[EkWLPHQWVGHWURLVVDOOHVGHFODVVHEXUHDXXQEORFGHODWULQHVGHGHX[FDELQHVSRXUOHVpFROHVSULPDLUHV
GHVORFDOLWpVGH1LHQGRXJRX630DKDQGRXJRXHWGH0DGLDOR63*XLQWpJXHOD
&RQVWUXFWLRQGHQHXIEkWLPHQWVGHWURLVVDOOHVGHFODVVH%XUHDXODWULQHSRXUOHVpFROHVSULPDLUHVGHVORFDOLWpVGH.DDNRGH%DQJRIr
GH73%RPLVVRGH%HQJRURGH.RQJRUGH6DQDQGRXJRXGH6DQDQNRURGH1LpQDQHWGH%RQWRPDQGDQVOH'pSDUWHPHQWGH7RXED
&RQVWUXFWLRQGHVL[EkWLPHQWVGHWURLVVDOOHVGHFODVVH%XUHDXODWULQHSRXUOHVpFROHVSULPDLUHVGHVORFDOLWpVGH*ERNR%RURQWRXORGH
6pULIRXODGH0RQ]RQDQGH%D\RODGH9DVVDPDGRXJRXHWGH2XDORXGDQVOH'pSDUWHPHQWGH2XDQLQRX
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
&RQVWUXFWLRQGHTXDWUHEkWLPHQWVGHWURLVVDOOHVGHFODVVH%XUHDXODWULQHSRXUOHVpFROHVSULPDLUHVGHVORFDOLWpVGH.DODVVLGH
PRDNR%RRNRGH0LDPERQGRXJRXHWGH7LDQDGDQVOH'pSDUWHPHQWGH.RUR
&RQVWUXFWLRQGHGHX[EkWLPHQWVGHWURLVVDOOHVGHFODVVHEXUHDXODWULQHSRXUOHVpFROHVSULPDLUHVGHVORFDOLWpVGH%pNRVV{63
2XDQLQRXHWGH7LpPDVVR637RXED
5pKDELOLWDWLRQGHO
(336RNRXUDODVL[VDOOHVGHFODVVHEXUHDXXQEORFGHODWULQHVGDQVOH'pSDUWHPHQWGH7RXED
5pKDELOLWDWLRQG
XQEkWLPHQWGHWURLVVDOOHVGHFODVVH%XUHDXj.RXQJEpNURGDQVOH'pSDUWHPHQWGH2XDQLQRX
&RQVWUXFWLRQGHGHX[EkWLPHQWGHWURLVVDOOHVGHFODVVHEXUHDXXQEORFODWULQHGHGHX[FDELQHVj*DWDVVRHWj7DDNRGDQVOH
GpSDUWHPHQWGH7RXED
&RQVWUXFWLRQGHGHX[EkWLPHQWVGHWURLVVDOOHVGHFODVVHEXUHDXXQEORFODWULQHGHGHX[FDELQHVj:LQWRXORHW6LQLJRURGDQVOH
GpSDUWHPHQWGH2XDQLQRX
&RQVWUXFWLRQG
XQEkWLPHQWGHWURLVVDOOHVGHFODVVHEXUHDXXQEORFODWULQHGHGHX[FDELQHVj%RQDQJRURGDQVOHGpSDUWHPHQW
GH.RUR
'pYHORSSHUOHVDXWUHVVHUYLFHVJpQpUDX[GDQVODUpJLRQGXEDILQJ
(TXLSHPHQWHQPDWpULHOV,QIRUPDWLTXHVGHVVHUYLFHVGX&RQVHLO5pJLRQDOGX%DILQJHWPLVHHQUpVHDX
(TXLSHPHQWGHODSUpVLGHQFHGX&RQVHLO5pJLRQDOHQPRELOLHUVGH%XUHDX[
'pYHORSSHUGHVVHUYLFHVFXOWXUHOVGDQVODUpJLRQGXEDILQJ
&RQVWUXFWLRQGHVL[IR\HUVGHMHXQHVGDQVOHVORFDOLWpVGH7pQpPDVVD2XDQLQRX'LRPDQ)RXpQDQ.RXQWLJXLVVRHW*RXDNp
&RQVWUXFWLRQG
XQIR\HUGHMHXQHj*EpORGDQVOHGpSDUWHPHQWGH2XDQLQRX
&RQVHLO5pJLRQDOGX*ErNr%RXDNp
3HUVRQQHO
$VVXUHUOHWUDLWHPHQWVDODULDOGXSHUVRQQHOGXFRQVHLOUpJLRQDOGXJErNr
$VVXUHUOHWUDLWHPHQWVDODULDOGXSHUVRQQHOGX&RQVHLO5pJLRQDOGX*ErNr
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGXFRQVHLOUpJLRQDOGXJErNr
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGXFRQVHLOUpJLRQDOGX*ErNr
,QYHVWLVVHPHQWV
3URYLVLRQSRXULQYHVWLVVHPHQWGHODUpJLRQGXJErNr
3URYLVLRQSRXULQYHVWLVVHPHQWGHODUpJLRQGX*ErNr
&RQVHLO5pJLRQDOGX&DYDOO\*XLJOR
3HUVRQQHO
$VVXUHUOHWUDLWHPHQWVDODULDOGXSHUVRQQHOGXFRQVHLOUpJLRQDOGXFDYDOO\
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
$VVXUHUOHWUDLWHPHQWVDODULDOGXSHUVRQQHOGX&RQVHLO5pJLRQDOGX&DYDOO\
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGXFRQVHLOUpJLRQDOGXFDYDOO\
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODUpJLRQGX&DYDOO\
,QYHVWLVVHPHQWV
'pYHORSSHUOHVLQGXVWULHVPDQXIDFWXULqUHVGDQVODUpJLRQGXFDYDOO\
7UDYDX[GHFRQVWUXFWLRQGHTXDWUHXQLWpVGHIDEULFDWLRQGHFRPSRVWH*XLJOR%OROpTXLQ7RXOHSOHX7Dw
'pYHORSSHUOHVWUDQVSRUWVURXWLHUVGDQVODUpJLRQGXFDYDOO\
2XYHUWXUHGHNPGHUXHVGDQVOHYLOODJHGH3HNDQ%DUUDJH
'pYHORSSHUO
DJULFXOWXUHGDQVODUpJLRQGXFDYDOO\
$FTXLVLWLRQGHPDWpULHOVDJULFROHVLQWUDQWVSRXUOHFKDPSpFROH
$FTXLVLWLRQGHPDWpULHOVDJULFROHVHWRXWLOODJHSRXUOHFKDPSpFROH
'pYHORSSHUOHORJHPHQWGDQVODUpJLRQGXFDYDOO\
&RQVWUXFWLRQG
XQORJHPHQWVRFLDOj*R\D
'pYHORSSHUO
DOLPHQWDWLRQHQHDXGDQVODUpJLRQGXFDYDOO\
&RQVWUXFWLRQG
XQIRUDJHDX&HQWUHGH6HFRXUVG
8UJHQFH&68GH*XLJOR
'pYHORSSHUO
pFODLUDJHSXEOLFGDQVODUpJLRQGXFDYDOO\
([WHQVLRQGXUpVHDXpOHFWULTXHGXVLqJHGX&RQVHLO5pJLRQDOGX&DYDOO\
([WHQVLRQGXUpVHDXpOHFWULTXHGDQVOHV&ROOqJHVGHOD5pJLRQ=URHW*R\D
([WHQVLRQGXUpVHDXpOHFWULTXHDX&ROOqJHGHV-HXQHV)LOOHVGH*XLJOR
$FTXpULUGHVDSSDUHLOVHWGXPDWpULHOWKpUDSHXWLTXHGDQVODUpJLRQGXFDYDOO\
(TXLSHPHQWGHVFHQWUHVGHVDQWpGHODUpJLRQHQPDWpULHOVELRPpGLFDX[=DJQH=HDJOR7LQKRX3HKH%DNRXEOL'LERNH3HWLW*XLJORHW%HRXD
'pYHORSSHUGHVGLVSHQVDLUHVHWGHVPDWHUQLWpVGDQVODUpJLRQGXFDYDOO\
$FTXLVLWLRQGHUDGLRRVSRXPRQSRXUO
+{SLWDO*pQpUDOGH7Dw
&RQVWUXFWLRQGHWURLVFHQWUHVGHVDQWpGDQVOHVYLOODJHVGHOD5pJLRQ7UR\D=ULJORHW%DEOL9D\D
&RQVWUXFWLRQG
XQFHQWUHGHVDQWpj*RORX
&RQVWUXFWLRQGHVFHQWUHVGHVDQWpGDQVOHVYLOODJHVGHOD5pJLRQ0RQD3DULVOpRQD'HSRXWD'RXDQGURX&,%7DKLEO\$.HNURHW3DXOp2XOD
'pYHORSSHUGHVVHUYLFHVFXOWXUHOVGDQVODUpJLRQGXFDYDOO\
7UDYDX[GHFRQVWUXFWLRQGHOD0DLVRQGHOD&XOWXUHHWGHV$UWVGHOD5pJLRQj*XLJOR
&RQVWUXFWLRQG
XQPXUFO{WXUHGXIR\HUGHVMHXQHVGH7LQKRX
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
HQVHLJQHPHQWVHFRQGDLUHGDQVODUpJLRQGXFDYDOO\
&RQVWUXFWLRQGX&ROOqJHPRGHUQHGH<R\D%OROpTXLQ
&RQVWUXFWLRQG
XQLQWHUQDWDX&ROOqJHGHVMHXQHVILOOHVGH*XLJOR
(TXLSHPHQWGHO
LQWHUQDWGX&ROOqJHGHVMHXQHVILOOHVGH*XLJORHQOLWHULHHWDSSDUHLOVpOHFWURPpQDJHUV
&RQVWUXFWLRQGHTXDWUHEORFVODWULQHVDX&ROOqJHMHXQHVILOOHVGH*XLJOR
(TXLSHPHQWGX&ROOqJHGHVMHXQHVILOOHVGH*XLJORHQPRELOLHUGHEXUHDXHWPDWpULHOVLQIRUPDWLTXHV
&RQVWUXFWLRQG
XQEORFDGPLQLVWUDWLIGXFROOqJHGH'RNp
&RQVWUXFWLRQG
XQEkWLPHQWGHTXDWUHVDOOHVGHFODVVHEXUHDXDX&ROOqJH-HXQHV)LOOHVGH*XLJOR
&DUUHODJHGHVFROOqJHVGHSUR[LPLWpGHOD5pJLRQ&ROOqJH'DJREHUW%$1=,2GH.DDGp&ROOqJH0RGHUQHGH%HG\*RD]RQ&ROOqJH0RGHUQHGH
=pDJOR&ROOqJH0RGHUQHGH7LQKRX&ROOqJH0RGHUQHGH7LREOL&ROOqJH0RGHUQHGH3pKp&ROOqJH0RGHUQHGH%DNRXOEOL&ROOqJH0RGHUQHGH=DJQp&ROOqJH
0RGHUQHGH=URHWOH&ROOqJH0RGHUQHGH*R\D
HQVHLJQHPHQWVHFRQGDLUHGDQVODUpJLRQGXFDYDOO\
(TXLSHPHQWHQPDWpULHOLQIRUPDWLTXHGHVO\FpHVHWFROOqJHVGHOD5pJLRQ'DJREHUW%$1=,26(.$$'(%HG\*RD]RQ%DNRXEOL7LREOL1H]REOL
3pKp=DJQp7LQKRX=pDJOR'LERNp1L]DKRQ=UR*R\D'RNp.HLEO\QGH7DL*LOOHV7KDQU\GH*XLJOR/\Fpp0RGHUQHGH*XLJOR/\FpH0RGHUQHGH
7RXOHSOHX/\FpH0RGHUQHGH7DL
5pKDELOLWDWLRQGXIR\HUGXO\FpH0RGHUQHGH*XLJOR
$FTXLVLWLRQGHPLOOHGHX[FHQWWDEOHVEDQFVSRXUOHVpWDEOLVVHPHQWVVHFRQGDLUHVGHOD5pJLRQ*XLJOR7Dw%OROHTXLQ
7RXOHSOHX
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODUpJLRQGXFDYDOO\
5pKDELOLWDWLRQGHEkWLPHQWVGHWURLVFODVVHVEXUHDXODWULQHVGDQVOHVpFROHVSULPDLUHVSXEOLTXHVGHOD5pJLRQ%DEO\YD\D&,%=UR
0DLVRQEODQFKH9=DJQp*URXSHVFRODLUHGH.HLEO\7DL%OHG\'LH\D*ULHHW6DKLEO\
&RQVWUXFWLRQG
XQEkWLPHQWGHWURLVVDOOHVGHFODVVHEXUHDXODWULQHVGDQVOHVpFROHVSULPDLUHVSXEOLTXHVGHOD5pJLRQ3pKp*XLEREOL
3DULVOHRQD'RNp'RXHSOHX.RXODEOL*ULH=LOHEO\=DJQp%9RGROREO\HW7LROpRXOD
7UDYDX[GHFRQVWUXFWLRQG
XQEkWLPHQWGHWURLVVDOOHVGHFODVVHODWULQHVGDQVOHVpFROHVSULPDLUHVSXEOLTXHVGHOD5pJLRQ*ULp%RXVRXPDQ
'RXDQGURX7UR\D*XH\D7RXOHSOHX%pDEOR
$FTXLVLWLRQGHPLOOHFLQTFHQWWDEOHVEDQFVSRXUOHVpFROHVSULPDLUHVGHOD5pJLRQ*XLJOR7Dw%OROHTXLQ7RXOHSOHX

'pYHORSSHUOHVDXWUHVVHUYLFHVJpQpUDX[GDQVODUpJLRQGXFDYDOO\
&RQVWUXFWLRQG
XQEkWLPHQW5jXVDJHGHEXUHDX[GDQVODFRXUGHOD'670*GX&RQVHLO5pJLRQDO
&RQVHLO5pJLRQDOGHO
,QGHQLp'MXDEOLQ$EHQJRXURX
3HUVRQQHO
$VVXUHUOHWUDLWHPHQWVDODULDOGXSHUVRQQHOGXFRQVHLOUpJLRQDOGHO
LQGHQLHGMXDEOLQ
,QGHQLp'MXDEOLQ
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGXFRQVHLOUpJLRQDOGHO
LQGHQLHGMXDEOLQ
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODUHJLRQGHO
,QGHQLp'MXDEOLQ
,QYHVWLVVHPHQWV
'pYHORSSHUO
DOLPHQWDWLRQHQHDXGDQVODUpJLRQGHO
LQGHQLHGMXDEOLQ
5pDOLVDWLRQGHV\VWqPHVG
K\GUDXOLTXHYLOODJHRLVHDPpOLRUpV+9$j3RNRXNUR$Q]LDQNUR.RXDNUR3.HW$NSRXHVVRHWUpKDELOLWDWLRQGH
V\VWqPHV+9$j'LDPDUDNUR(KXDVVRHW=DPDND
5DFFRUGHPHQWDXUpVHDXpOHFWULTXHGXIRUDJHGXV\VWqPH+9$G
$SSRLVVR$SSRXpED
'pYHORSSHUOHORJHPHQWGDQVODUpJLRQGHO
LQGHQLHGMXDEOLQ
&RQVWUXFWLRQGHORJHPHQWVVRFLDX[j1
]LNUR$VVpPDQRX7DKDNUR.RXDGLRNUR'XIIUpER<rUr\r\r$QH\NURHW$VVqNURORJHPHQWV
&RQVWUXFWLRQG¢XQORJHPHQWVRFLDOj3UDNUR
'pYHORSSHUO
pFODLUDJHSXEOLFGDQVODUpJLRQGHO
LQGHQLHGMXDEOLQ
([WHQVLRQGHUpVHDXpOHFWULTXHj$SSURPSURQRX$ND&RPRpNUR7DKDNUR$SSURPSURQ$IIrZD$PRULDNUR.RXDNRXQGUDPDQNUR%pERX
.RWRNRVVRX.RGMLQDQ1JXHVVDQNUR$QJRXDNUR'LDPDUDNURHW(ERXDVVXpORFDOLWpV
'pYHORSSHUGHVGLVSHQVDLUHVHWGHVPDWHUQLWpVGDQVODUpJLRQGHO
LQGHQLHGMXDEOLQ
&RQVWUXFWLRQGHORJHPHQWVGHVDJHIHPPHj$NDW\%RURER$WWLpNUR3DGLpJQDQHW1
JUDORJHPHQWV
&RQVWUXFWLRQGHORJHPHQWVG
LQILUPLHUj$NDW\%RURER'MDKDNRQDQNURHW.DEUDQNURORJHPHQWV
&RQVWUXFWLRQG
XQGLVSHQVDLUHUXUDOj'MDKDNRQDQNURHWGHTXDWUHFHQWUHVGHVDQWpLQWpJUpVj.DEUDQNUR$GDPD(FROH6RXNRXVRXNRX
HW0RXVVDNUR
&RQVWUXFWLRQG
XQGLVSHQVDLUHj0EDVVR$JQL
5DFFRUGHPHQWDXUpVHDXG
DGGXFWLRQG
HDXSRWDEOHGHVFHQWUHVGHVDQWpGH=DPDND(ELODVVRNUR1
GMRUpNUR$JQLHW1
JRXDQGDNRXDGLRNUR
&RQVWUXFWLRQGHORJHPHQWGHVDJHIHPPHj(OLQVRORJHPHQW
5DFFRUGHPHQWDXUpVHDXpOHFWULTXHGHVFHQWUHVGHVDQWpGH=DPDND(ELODVVRNUR1
GMRUpNUR$JQLHW1
JRXDQGDNRXDGLRNUR
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODUpJLRQGHO
LQGHQLHGMXDEOLQ
&RQVWUXFWLRQGHVL[EkWLPHQWVGHWURLVFODVVHVSULPDLUHVSOXVEXUHDXDYHFODWULQHVj0RULNUR$WWLpNUR$GRXNUR0RXVVDNUR6DWLNUDQHW
(33<RERXDNURFODVVHV
5pKDELOLWDWLRQG
XQEkWLPHQWGHWURLVFODVVHVSULPDLUHVj$GDKDPDHWj3DGLpJQDQG
XQEkWLPHQWGHWURLVFODVVHVSOXVEXUHDXj
%ULQGRXNUR1LDEOpHWj$NSRNURHWGHO
pFROHPDWHUQHOOHGH=DUDQRX
$FTXLVLWLRQGHWURLVFHQWVWDEOHVEDQFVSRXUOHVpWDEOLVVHPHQWVSULPDLUHVGHODUpJLRQ,(3$EHQJRXURX,(3$JQLELOHNURX,(3
%pWWLp
&RQVWUXFWLRQGHKXLWEkWLPHQWVGHWURLVFODVVHVEXUHDXDYHFODWULQHVj.RQDQNRQDQNUR$KLQLQNUR(SRQRQNUR1GMRUpNUR$EH\(33
'DPp7DQNRXDNDQNUR.DQJDNURHW$NDNURFODVVHV
&RQVWUXFWLRQGHVHSWEkWLPHQWVGHWURLVFODVVHVEXUHDXDYHFODWULQHVj$VVDNUR$EDGMLQDQNUR(33=DUDQRX$SSRXpED0DVVDNUR
'XIIUpERHW7DQRNUR
HQVHLJQHPHQWVHFRQGDLUHGDQVODUpJLRQGHO
LQGHQLHGMXDEOLQ
&RQVWUXFWLRQG
XQFROOqJHPRGHUQHj$JQLELOHNURXFODVVHV
&RQVWUXFWLRQG
XQFROOqJHPRGHUQHj$EHQJRXURXTXDWLHU+.%FODVVHV
$FTXLVLWLRQGHPRELOLHUVGHEXUHDXSRXUOHVFROOqJHVPRGHUQHVG
$IIDOLNURHWG
$PRULDNUR(TXLSHPHQWGHVEXUHDX[GHVEkWLPHQWVDGPLQLVWUDWLIV
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
$FTXLVLWLRQGHPDWpULHOVGHEXUHDXSRXUOHVFROOqJHVPRGHUQHVG
$IIDOLNURHWG
$PRULDNURSKRWRFRSLHXVHVWLUDJHVPLQVSOLWVGH&9
VSOLWVGH&9
$FTXLVLWLRQGHPDWpULHOVLQIRUPDWLTXHVSRXUOHVFROOqJHVPRGHUQHVG
$IIDOLNURHWG
$PRULDNURRUGLQDWHXUVFRPSOHWVGHEXUHDXHW
LPSULPDQWHVQRLUEODQF
5DFFRUGHPHQWDXUpVHDXpOHFWULTXHGHVFROOqJHVPRGHUQHV$EHQJRXURXTXDUWLHU+.%$JQLELOpNURXHW$NRERLVVXp
DGGXFWLRQG
HDXSRWDEOHGHVFROOqJHVPRGHUQHVG
$IIDOLNURHWG
$PRULDNUR
5DFFRUGHPHQWDXUpVHDXpOHFWULTXHGHVFROOqJHVPRGHUQHVG
$IIDOLNURHWG
$PRULDNUR
&RQVWUXFWLRQGHVL[EkWLPHQWVGHWURLVFODVVHVDX[FROOqJHVPRGHUQHVGH=DUDQRX$QLDVVXp(ELODVVRNUR<DNDVVp)p\DVVp$PpOpNLDHW
1LDEOpFODVVHV
LQGHQLHGMXDEOLQ
5pKDELOLWDWLRQG
XQEkWLPHQWGHWURLVFODVVHVDXFROOqJHPRGHUQHG
$EHQJRXURXHWG
XQEkWLPHQWGHTXDWUHFODVVHVDX/\FpH
PRGHUQHGH7DQJXpODQFODVVHV
&RQVWUXFWLRQGHWURLVEkWLPHQWVGHTXDWUHFODVVHVDXO\FpHGpSDUWHPHQWDOG
$EHQJRXURXDXO\FpHPRGHUQHGH%pWWLpHWDXFROOqJH
GpSDUWHPHQWDOG
$JQLELOpNURXFODVVHV
&RQVHLO5pJLRQDOGX*{K*DJQRD
3HUVRQQHO
$VVXUHUOHWUDLWHPHQWVDODULDOGXSHUVRQQHOGXFRQVHLOUpJLRQDOGXJRK
$VVXUHUOHWUDLWHPHQWVDODULDOGXSHUVRQQHOGXFRQVHLOUpJLRQDOGXJRK
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGXFRQVHLOUpJLRQDOGXJRK
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODUpJLRQGX*RK
,QYHVWLVVHPHQWV
'pYHORSSHUO
DOLPHQWDWLRQHQHDXGDQVODUpJLRQGXJRK
5pDOLVDWLRQGHWUHQWHTXDWUHIRUDJHVpTXLSpVGHSRPSHVK\GUDXOLTXHVjPRWULFLWpKXPDLQHGDQVOHVYLOODJHVGHODUpJLRQ
5pKDELOLWDWLRQGHSRPSHVK\GUDXOLTXHVYLOODJHRLVHVGDQVODUpJLRQ
'pYHORSSHUO
pFODLUDJHSXEOLFGDQVODUpJLRQGXJRK
5pDOLVDWLRQG
XQHOLJQHGHPR\HQQHWHQVLRQHQWUHJRXHGDHWJRXHGDFKDQWLHU
([WHQVLRQGHO
pOHFWULILFDWLRQDXVLqJHGHODUpJLRQHWj.RNRXH]R
([WHQVLRQGHO
pOHFWULILFDWLRQGDQVOHVYLOODJHVGHODUpJLRQ
(OHFWULILFDWLRQGH.RXDPpIODHW%DUWKpOpPLNUR
'pYHORSSHUOHVVHUYLFHVGHSROLFHGDQVODUpJLRQGXJRK
$PpQDJHPHQWGHODFDVHUQHGHO
H[218&,SRXUOD*HQGDUPHULH1DWLRQDOH
5pKDELOLWDWLRQGXEkWLPHQWDGPLQLVWUDWLIHWGXGRUWRLUGHOD&RPSDJQLH5pSXEOLFDLQHGH6pFXULWp&56
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
'pYHORSSHUODGLVWULEXWLRQOHVHQWUHS{WVHWOHVPDJDVLQVGDQVODUpJLRQGXJRK
&RQVWUXFWLRQGHYLQJWPDUFKpVFRXYHUWVGDQVOHVORFDOLWpVGHODUpJLRQGpSDUWHPHQWG
2XPpHWGpSDUWHPHQWGH*DJQRD
'pYHORSSHUOHVWUDQVSRUWVURXWLHUVGDQVODUpJLRQGXJRK
5pSURILODJHORXUGHWWUDLWHPHQWGHSRLQWVFULWLTXHVGHODURXWH.RXDPpIOD)UDWLqNURGDQVOH'pSDUWHPHQWG
2XPpNP
5pSURILODJHORXUGHWWUDLWHPHQWGHSRLQWVFULWLTXHVVXUOHVURXWHVHQWHUUHGHODUpJLRQ
$FTXpULUGHVDSSDUHLOVHWGXPDWpULHOWKpUDSHXWLTXHGDQVODUpJLRQGXJRK
(TXLSHPHQWGHVFHQWUHVGHVDQWpHWGLVSHQVDLUHVUXUDX[GHODUpJLRQHQPDWpULHOVELRPpGLFDX[
(TXLSHPHQWHQPDWpULHOVPHGLFDX[GHVFHQWUHVGHVDQWpGHEDVVHKRDVFLHULHMDFRENRNRXH]RNSDSHNRXJQDPDJQRDHWGLNRXHKLSDOHJQRD
$FTXLVLWLRQGHPDWpULHOVPpGLFDX[SRXUOHVFHQWUHVGHVDQWpUXUDX[GH%RRGD0pQpNUp*UpEUp.RERXRHW0DERXR
'pYHORSSHUGHVGLVSHQVDLUHVHWGHVPDWHUQLWpVGDQVODUpJLRQGXJRK
LQILUPLHUVHWGHVDJHIHPPHVGDQVODUHJLRQ
&RQVWUXFWLRQGHWURLVFHQWUHVGHVDQWpLQWHJUpVj.RNRXH]R.SDSpNRX%DVVpKRDHW.SRJURERXR
&RQVWUXFWLRQGHODFO{WXUHGXFHQWUHGHVDQWpGH'DKLpSD.pKL
&RQVWUXFWLRQGHSDYLOORQVG
KRVSLWDOLVDWLRQGDQVOHVFHQWUHVGHVDQWpUXUDX[GHOD5pJLRQ
5pKDELOLWDWLRQGHVHSWORJHPHQWVVRFLDX[G
LQILUPLHUHWGHVDJHIHPPHGDQVOHVYLOODJHVGHODUpJLRQ
&RQVWUXFWLRQGHGHX[FHQWUHVGHVDQWpLQWpJUpVj'LNRXHKLSDOpJQRDHW.RERXR
&RQVWUXFWLRQGHWURLVPDWHUQLWpVj%LOpDQLDQGD*RXGL*QDQGLHW*RXHGDFKDQWLHU
'pYHORSSHUGHVVHUYLFHVFXOWXUHOVGDQVODUpJLRQGXJRK
&RQVWUXFWLRQGHGHX[IR\HUVSRO\YDOHQWVj*ERJRXDKLRHW*RXpGD
$PpQDJHPHQWGXIR\HUGHVMHXQHVGH6DNDKRXR
5pKDELOLWDWLRQG
XQIR\HUSRO\YDOHQWjPDJXHKLR
$PpQDJHPHQWGHODSODWHIRUPHGXIR\HUGHVMHXQHVGH.RNRXp]R
&RQVWUXFWLRQGHODFO{WXUHGXIR\HUSRO\YDOHQWGH.RNRXp]R
&RQVWUXFWLRQGHFLQTIR\HUVSRO\YDOHQWVGDQVOD5pJLRQ
'pYHORSSHUGHVVHUYLFHVUpFUpDWLIVHWVSRUWLIVGDQVODUpJLRQGXJRK
$PpQDJHPHQWGHGHX[WHUUDLQVGHVSRUWj*ERJRXDKLRHW.DEpKRDGDQVODUpJLRQ
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODUpJLRQGXJRK
(33.RNRXp]R
&RQVWUXFWLRQGHFODVVHVHWEXUHDX[G
(33GDQVOHVYLOODJHVGHODUpJLRQ
5pKDELOLWDWLRQGHFODVVHVG
(33GDQVOHVYLOODJHVGHODUpJLRQ
&RQVWUXFWLRQGHVL[EkWLPHQWVGHWURLVFODVVHVHWEXUHDX[jORJRELD]LULZDGRQGLJERPHQHGDEURQGDHWYDORXD(33
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
&RQVWUXFWLRQGHKXLWEkWLPHQWVGHWURLVFODVVHVHWEXUHDX[GDQVOHV(33GHODUpJLRQ
&RQVWUXFWLRQG
XQEkWLPHQWGHWURLVFODVVHVjO
(33DWRQLKLR
5pKDELOLWDWLRQG
XQEkWLPHQWGHVL[FODVVHVEXUHDXj'RXJURXSDOpJQRD
&RQVWUXFWLRQGHEkWLPHQWVGHFODVVHVEXUHDXj'DQGDQNURVSGH7RQOD*RXpGDFKDQWLHUVSGH'LpJRQpIOD<DQNDGLVSGH
*XpSDKRXRHWGH'RXJURXSDOpJQRD
&RQVWUXFWLRQGHORJHPHQWVVRFLDX[GDQVOD5pJLRQ
HQVHLJQHPHQWVHFRQGDLUHGDQVODUpJLRQGXJRK
&RQVWUXFWLRQGHRQ]HFROOqJHVPRGHUQHVGDQVODUHJLRQ
&RQVWUXFWLRQG
XQFROOqJHj'DKLHSD.HKL
HQVHLJQHPHQWVHFRQGDLUHGDQVODUpJLRQGXJRK
([WHQVLRQGHVpWDEOLVVHPHQWVVHFRQGDLUHVSXEOLFVGHOD5pJLRQ
&RQVHLO5pJLRQDOGHO
$JQHE\7LDVVD$JERYLOOH
3HUVRQQHO
DJQHE\WLDVVD
$VVXUHUOHWUDLWHPHQWVDODULDOGXSHUVRQQHOGX&RQVHLO5pJLRQDOGHO
$JQHE\7LDVVD
7UDQVIHUWV
DJQHE\WLDVVD
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODUpJLRQGHO
$JQHE\7LDVVD
,QYHVWLVVHPHQWV
'pYHORSSHUOHVDXWUHVVHUYLFHVJpQpUDX[GDQVODUpJLRQGHO
DJQHE\WLDVVD
$TXLVLWLRQGHPRELOLHUVGHEXUHDX[SRXUODSDLHULHGH7LDVVDOp
'pYHORSSHUOHVVHUYLFHVGHSROLFHGDQVODUpJLRQGHO
DJQHE\WLDVVD
&RQVWUXFWLRQGHVORFDX[GHO
HVFDGURQGH*HQGDUPHULHj$JERYLOOHHWGHX[EULJDGHVGHJHQGDUPHULHj*RPRQHW7LDVVDOp
$FKDWGHGHX[YpKLFXOHVSRXUOHVEULJDGHVGHJHQGDUPHULHGH&HFKLHW/RYLJXLp
'pYHORSSHUOHVLQGXVWULHVPDQXIDFWXULqUHVGDQVODUpJLRQGHO
DJQHE\WLDVVD
&RQVWUXFWLRQGHVL[XQLWpVGHWUDQVIRUPDWLRQGHPDQLRFGDQVODUpJLRQ0RURNUR(U\PDNRXJXLp*RPRQ/pOpEOp0RULp<DSR
&RQVWUXFWLRQGHQHXIXQLWpVGHWUDQVIRUPDWLRQGHPDQLRFGDQVQHXIORFDOLWpVGHODUpJLRQ$ERXGp$QDQJXLp$WWREURX%LQDR$WWLJXpKL
3DFRER(OLERX6DKXp%URXEURX
'pYHORSSHUO
DJULFXOWXUHGDQVODUpJLRQGHO
DJQHE\WLDVVD
$PpQDJHPHQWG
XQHUHWHQXHG
HDXSRXUODFXOWXUHGHYLYULHUVGDQVOHYLOODJHG
$KRXDNUR
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
'pYHORSSHUODGLVWULEXWLRQOHVHQWUHS{WVHWOHVPDJDVLQVGDQVODUpJLRQGHO
DJQHE\WLDVVD
&RQVWUXFWLRQGHKXLWPDUFKpVGDQVKXLWORFDOLWpVGHODUpJLRQOHVPDUFKpVG
$QQR*RPRQ$WWREURX$ERXGp3DFRER/pOpEOp6DKXp
HWEURXEURX
'pYHORSSHUO
DJQHE\WLDVVD
([WHQVLRQGXUpVHDXpOHFWULTXHGHVYLOODJHVGH&pFKLHW%RWLQGp
'pYHORSSHUO
DJQHE\WLDVVD
([WHQVLRQGXUpVHDXG
DGGXFWLRQG
HDXSRWDEOHGXYLOODJHGH%RWLQGp
5HQIRUFHPHQWGHVV\VWqPHV+9$GHVYLOODJHVG
$WWREURXHW2IID
5HQIRUFHPHQWGXUpVHDXGHGLVWULEXWLRQGXV\VWqPHG
DGGXFWLRQHQHDXSRWDEOHG
2GRJXLp
5pDOLVDWLRQGHVL[V\VWqPHV+9$GDQVVL[YLOODJHVGHOD5pJLRQ.RXDGMDNUR$KRQGR3DFRER$ELpKRX3.2WWRSp
5pDOLVDWLRQGHVL[UpVHUYRLUVG
HDXSRWDEOHGDQVVL[YLOODJHVGHOD5pJLRQ.DVVLJXLpHW'pQLVHNUR
$FTXpULUGHVDSSDUHLOVHWGXPDWpULHOWKpUDSHXWLTXHGDQVODUpJLRQGHO
DJQHE\WLDVVD
(TXLSHPHQWHQPDWpULHOVELRPpGLFDX[HWWHFKQLTXHVGHGL[VWUXFWXUHVVDQLWDLUHVGHOD5pJLRQ+{SLWDX[JpQpUDX[GH7LDVVDOp7DDERHW
6LNHQVL
DJQHE\WLDVVD
&RQVWUXFWLRQGHODPDWHUQLWpGH/pOpEOp
5pKDELOLWDWLRQGHVVWUXFWXUHVVDQLWDLUHVGHOD5pJLRQOHFHQWUHGHVDQWpG
$WWREURX
&RQVWUXFWLRQGHODPDWHUQLWpG
$KRQGR
5DFFRUGHPHQWGHFLQTVWUXFWXUHVVDQLWDLUHVGHODUpJLRQDXUpVHDXpOHFWULTXH3DFRERHW'HQLVHNUR
&RQVWUXFWLRQGHTXDWRU]HORJHPHQWVG
LQILUPLHUVHWGHVDJHVIHPPHVGDQVGRX]HYLOODJHVGHOD5pJLRQ%DNDQRX%*RPRQHW%URXEURX
$FTXLVLWLRQGHVSOLWVSRXUOHVFHQWUHVGHVDQWpGHOD5pJLRQVSOLWV0RURNUR3DNRER&+5G
$JERYLOOHHW6NHQVL
'pYHORSSHUGHVVHUYLFHVGHUDGLRGLIIXVLRQGHWpOpYLVLRQHWG¢pGLWLRQGDQVODUpJLRQGHO
DJQHE\WLDVVD
(TXLSHPHQWHQPDWpULHOVWHFKQLTXHVGHOD5DGLR5pJLRQDOH
5DFFRUGHPHQWGHOD5DGLR5pJLRQDOHDXUpVHDXpOHFWULTXH
&RQVWUXFWLRQG
XQHFO{WXUHSRXUOD5DGLR5pJLRQDOH
DJQHE\WLDVVD
&RQVWUXFWLRQGHGL[FROOqJHVGDQVOHVFKHIVOLHX[GHVRXVSUpIHFWXUHVHWOHVJURVYLOODJHVGHOD5pJLRQ&RQVWUXFWLRQGHVFROOqJHV
G
2UHVV.URERXEkWGHVDOOHVGHFODVVHEkWGHVDOOHVGHFODVVHGHVFROOqJHVGH%DNDQRX(OLERX/pOpEOp%kWSRXUO
$GPLQLVWUDWLRQ
VDOOHVGHFODVVHHWGHVFROOqJHVGH<DSRHW$ERXGpVDOOHVGHFODVVH
'pYHORSSHUO
DJQHE\WLDVVD
$FTXLVLWLRQGHWURLVPLOOHWDEOHVEDQFVSRXUTXDUDQWHpFROHVSULPDLUHVSXEOLTXHVGHODUHJLRQ
$FTXLVLWLRQGHTXDWUHPLOOHWDEOHVEDQFVSRXUVL[O\FpHVHWKXLWFROOqJHVGHOD5pJLRQ/\FpHPRGHUQHG
$]DJXLp/\FpH%$'GH
1
'RXFL/\FpHPRGHUQH6LNHQVL/\FpHPRGHUQH7LDVVDOp/\FpHPRGHUQHHWG
$JERYLOOH&ROOqJHGH.DWDGML&ROOqJHGH&pFKL&ROOqJHDERXGp&ROOqJHGH
<DSR&ROOqJHGH7DDERYLOODJH&ROOqJHGH*UDQG0RULp&ROOqJHGH$WWREURX&ROOqJHGH(OLERX
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
&RQVWUXFWLRQGHWUHQWHTXDWUHVDOOHVGHFODVVHRQ]HEXUHDX[GDQVWUHL]H(33GHODUpJLRQVL[VDOOHVGHFODVVHHWGHX[j
%pNRLQNUR
&RQVWUXFWLRQGHYLQJWTXDWUHVDOOHVGHFODVVHHWKXLWEXUHDX[GDQVKXLW(33GHODUpJLRQOHV(33G
2IIRXP
SR
$]DJXLp$KRXD<DGLR1
]LDQRXDQHW6pJXLp
5pKDELOLWDWLRQGHGHX[ORJHPHQWVGHPDvWUHj$EEp%pJQLQL
DJQHE\WLDVVD
5pKDELOLWDWLRQGHVO\FpHVHWFROOqJHVGHOD5pJLRQO\FpHPRGHUQHG
$JERYLOOHEkWLPHQWVGHVDOOHVGHFODVVH/\FpH%$'GH1
'RXFL
EkWLPHQWGHFODVVHVO\FpHPRGHUQHGH6LNHQVLEkWLPHQWGHFODVVHVHWDXFROOqJHGH7DDERFODVVHVEXUHDX[
&RQVWUXFWLRQG
pWDEOLVVHPHQWVVHFRQGDLUHVTXLQ]HEkWLPHQWVSRXUO
DGPLQLVWUDWLRQGHX[FHQWVRL[DQWHQHXIVDOOHVGHFODVVHHW
VRL[DQWHVL[EXUHDX[G
pGXFDWHXUVGDQVODUpJLRQOHV&ROOqJHVGH/RYLJXLpHW$WWREURXFODVVHEXUHDX[OHVFROOqJHVGH*UDQG0RULp(OLERX
%DNDQRXEkWLPHQWSRXUO
$GPLQLVWUDWLRQVDOOHVGHFODVVHEXUHDX[HWGXFROOqJH%LQDRVDOOHVGHFODVVHXQHVDOOHVSpFLDOLVpH
&RQVWUXFWLRQG
pWDEOLVVHPHQWVVHFRQGDLUHVVHSWEkWLPHQWVSRXUO
DGPLQLVWUDWLRQYLQJWKXLWVDOOHVGHFODVVHHWWUHL]HEXUHDX[
G
pGXFDWHXUVGDQVODUpJLRQ&ROOqJHVGH&pFKLFODVVHVHWEXUHDX[$QDQJXLpHW%URXEURXEkWSRXUO
$GPLQLVWUDWLRQVDOOHVGHFODVVHHW
EXUHDX[
5DFFRUGHPHQWGHVFROOqJHVGH<DSRHW$ERXGpDXUpVHDXpOHFWULTXH
5DFFRUGHPHQWGHVFROOqJHVGH<DSRHW$ERXGpDXUpVHDXG
DGGXFWLRQHQHDXSRWDEOH
$FTXLVLWLRQGHPRELOLHUVGHEXUHDX[SRXUO
DGPLQLVWUDWLRQGHVFROOqJHVPRGHUQHVGH&pFKL0RURNUR<DSR$ERXGp
$FTXLVLWLRQGHVSOLWVSRXUO
$GPLQLVWUDWLRQOHVO\FpHVHWFROOqJHVGHODUpJLRQ2UHVV.URERXOHVO\FpHVPRGHUQHVHWG
$JERYLOOHVSOLWV
([WHQVLRQGHO
LQILUPHULHGXO\FpHPRGHUQHG
$JERYLOOH
'pYHORSSHUO
HQVHLJQHPHQWSUppOpPHQWDLUHGDQVODUpJLRQGHO
DJQHE\WLDVVD
&RQVWUXFWLRQGHO
pFROHPDWHUQHOOHOHV3RXVVLQVG
$GDKRX
&RQVHLO5pJLRQDOGX.DEDGRXJRX2GLHQQp
3HUVRQQHO
$VVXUHUOHWUDLWHPHQWVDODULDOGXSHUVRQQHOGXFRQVHLOUpJLRQDOGXNDEDGRXJRX
$VVXUHUOHWUDLWHPHQWVDODULDOGXSHUVRQQHOGX&RQVHLO5pJLRQDOGX.DEDGRXJRX
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGXFRQVHLOUpJLRQDOGXNDEDGRXJRX
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODUHJLRQGX.DEDGRXJRX
,QYHVWLVVHPHQWV
'pYHORSSHUO
DJULFXOWXUHGDQVODUpJLRQGXNDEDGRXJRX
&UpDWLRQGHYLQJWKDGHSODQWDWLRQGHWHFNjGDEDGRXJRXGDQVOHGpSDUWHPHQWGH0DGLQDQLGHODUpJLRQ
$FKDWHWLQVWDOODWLRQGHPRXOLQVDXWLWUHGHO
DJULFXOWXUHGDQVODUpJLRQ2GLHQQp0DGLQDQL6DPDWLJXLOD6HJXHORQHW*EpOpEDQ
'pYHORSSHUOHORJHPHQWGDQVODUpJLRQGXNDEDGRXJRX
&RQVWUXFWLRQGHGRX]HORJHPHQWVVRFLDX[GDQVOD5pJLRQ)pUpPDQGRXJRX.LPELULOD6XGHW*EDQJDKD
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
&RQQVWUXFWLRQGHTXDWUHORJHPHQWVVRFLDX[GDQVFLQTORFDOLWpVGHODUpJLRQ/LQJRKR)HQJROR.RNRXQ6H\GRXJRXHW1
JROREODVVR
'pYHORSSHUO
pFODLUDJHSXEOLFGDQVODUpJLRQGXNDEDGRXJRX
(OHFWULILFDWLRQGHWURLVORFDOLWpVGHODUpJLRQ%HQJR1DPDVVRHW6LUHGHQL
(OHFWULILFDWLRQGHWURLVORFDOLWpVGHODUpJLRQ0RXVVDGRXJRX.DILQJXpHW1LDQ]RQJRQ
([WHQVLRQGHO
pOHFWULILFDWLRQDXFHQWUHGHVDQWpGHFKDFXQHGHVWURLVORFDOLWpVGHODUpJLRQ1
JDSLp/RVVLQJXpHW1LHQHVVR
'pYHORSSHUO
DOLPHQWDWLRQHQHDXGDQVODUpJLRQGXNDEDGRXJRX
5pDOLVDWLRQG
XQIRUDJHjPRWULFLWpKXPDLQHGDQVFKDFXQHGHVGL[ORFDOLWpVGHODUpJLRQ6DUDNRURGRXJRX)RXOD7DKDQVR&65.RNRXQ6HOOp
%ODPDGRXJRX0DVVDGRXJRXGH'LRXODWLqGRXJRXHW1LHQHVVR
5pDOLVDWLRQGHIRUDJHGRWpGHV\VWqPHjPRWULFLWpKXPDLQHGDQVFKDFXQHGHVGL[ORFDOLWpVGHODUpJLRQ7RXURQL1qJXqOD)DUDNR7LQGLNRUR
VRNRXUD.RXQJEpQL'RPED'DJDED=pEpQLQ7RPEDHW%{J{ED
5pDOLVDWLRQG
XQIRUDJHGRWpGHV\VWqPHjPRWULFLWpKXPDLQHGDQVGL[ORFDOLWpVGHODUpJLRQ7LQGLNRURVRNRUR1DIDQD=DQGRXJRX
7LpPRNRVVR.DKDQOR.RQD1DPDVVR6RNRXUDED6LHQVRNRURQL*EDKDQODHW0RKLPRXVVDGRXJRX
5pDOLVDWLRQG
XQIRUDJHGRWpGHV\VWqPHjPRWULFLWpKXPDLQHGDQVGL[ORFDOLWpVGHOD5pJLRQ%HQJR%{J{GRXJRX)DUDOD0DKDQGRXQL
0
EpJEpOp6DQGMRXJRXQD.DGLDVVR.RURQGRXJRX6DPHVVRHW1DIDQD1LpQpVVR
5pDOLVDWLRQG
XQIRUDJHGRWpGHV\VWqPHjPRWULFLWpKXPDLQHGDQVGHX[ORFDOLWpVGHODUpJLRQ/RVVLQJXpHW.RJRQD
5pDOLVDWLRQG
XQIRUDJHpTXLSpG
XQPLQLV\VWqPH+9$GDQVWURLVFHQWUHVGHVDQWpGHODUpJLRQ1
JDSLp/RVVLQJXpHW1LHQHVVR
'pYHORSSHUOHVpTXLSHPHQWVFROOHFWLIVGDQVODUpJLRQGXNDEDGRXJRX
7UDYDX[G
H[WHQVLRQGHORWLVVHPHQWGDQVWUHL]HORFDOLWpVGHOD5pJLRQ%ODPDGRXJRX%{J{GRXJRX'MLULOD)DUDOD0
EpJEpOp.{J{QD
/LQJXHVVR6HOOp*ERQGLqGRXJRXGH0DGLQDQL)HQJROR7LRODVVR.RURQGRXJRXHW.LPELULOD6XGTXDUWLHU.RQpNUR
'pYHORSSHUGHVGLVSHQVDLUHVHWGHVPDWHUQLWpVGDQVODUpJLRQGXNDEDGRXJRX
&RQVWUXFWLRQG
XQGLVSHQVDLUHUXUDOGDQVFKDFXQHGHVFLQTORFDOLWpVGHODUpJLRQ*EDQJXp)DQGDVVR/RVVLQJXp2XDQGpJXpHW1LHQpVVR
&RQVWUXFWLRQG
XQHPDWHUQLWpGDQVFKDFXQHGHVVHSWORFDOLWpVGHODUpJLRQ)HQJROR.DUDELUL.RQD.RNRXQ6LDQVRED0DQGLDQDNRXUD
0DKDQGRXQL
&RQVWUXFWLRQG
XQGLVSHQVDLUHUXUDOODWULQHVGDQVFKDFXQHGHVTXDWUHORFDOLWpVGHODUpJLRQ.DKDQOR7RXURQL6DQJEDQLHW*ErUrGRXJRX
&RQVWUXFWLRQG
XQGLVSHQVDLUHUXUDOODWULQHVGDQVFKDFXQHGHVFLQTORFDOLWpVGHODUpJLRQ.pOpGMDQ7LHVVHUHOD7LpPR]RPRQ%RXURXPDVVRHW
7LRODVVR
&RQVWUXFWLRQG
XQGLVSHQVDLUHUXUDOODWULQHVGDQVTXDWUHORFDOLWpVGHOD5pJLRQ%ODPDGRXJRX0DKDQGRXPL)DUDODHW*EpVVDVVR
$FTXLVLWLRQGHWURLVDPEXODQFHVGHWUDQVIHUWSRXUOHV&HQWUHVGHVDQWpUXUDX[GHOD5pJLRQ/LQJRKR1
*ROREODVVRHW)HQJROR
'pYHORSSHUGHVVHUYLFHVFXOWXUHOVGDQVODUpJLRQGXNDEDGRXJRX
&RQVWUXFWLRQGHIR\HUVGHMHXQHVGDQVOHVYLOODJHV6LUDQD6DUDOD.DUDELULHW1
*ROREODVVRGHODUpJLRQ
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODUpJLRQGXNDEDGRXJRX
&RQVWUXFWLRQGHTXDWUHpFROHVSULPDLUHVSXEOLTXHVGHWURLVFODVVHVEXUHDXODWULQHVGDQVODUpJLRQ=HJXHWLHOD6LpQLQL.DILQJXpHW6DUDOD
5pKDELOLWDWLRQGHVHSW(33GDQVOHVORFDOLWpVGHODUpJLRQ/LQJRKR*EDJD.{J{QD0DKDQGRXQL'MLULOD7LpPRNRVVRHW6HOOp
&RQVWUXFWLRQG
XQEkWLPHQWGHWURLVFODVVHVEXUHDXODWULQHVG
pFROHSULPDLUHGDQVFKDFXQHGHVFLQTORFDOLWpVGHODUpJLRQ
%{J{ED%RXJRXVVR2XDQGpJXp0DPRXJRXODHW6LUDQD
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
&RQVWUXFWLRQG
XQEkWLPHQWGHWURLVFODVVHVEXUHDXG
pFROHSULPDLUHGDQVFKDFXQHGHVVHSWORFDOLWpVGHODUpJLRQ6DPHVVR.pUp
)RXOD*RXDULQL6DQGMRXJRXQDQ6pJXpEpHW/RVVRJR
5pKDELOLWDWLRQGHV(FROHV3ULPDLUHV3XEOLTXHVGDQVVHSWORFDOLWpVGHOD5pJLRQ)pUpGRXJRX=HJXHWLHOD)DQGDVVR6DPDQJR*ERQJDKD
)DUDODHW%ODPDQGRXJRX
HQVHLJQHPHQWVHFRQGDLUHGDQVODUpJLRQGXNDEDGRXJRX
&RQVWUXFWLRQG
XQEkWLPHQW5GHKXLWFODVVHVEXUHDX[ODWULQHVDX/\FpH0RGHUQHG
2GLHQQp
HQVHLJQHPHQWVHFRQGDLUHGDQVODUpJLRQGXNDEDGRXJRX
&RQVWUXFWLRQG
XQ&ROOqJHGHSUR[LPLWpjEDVHGHX[DGPLQLVWUDWLRQODWULQHVGDQVGHX[ORFDOLWpVGHOD5pJLRQ/LQJRKRHW.RNRXP
&RQVHLO5pJLRQDOGX%pUp0DQNRQR
3HUVRQQHO
$VVXUHUOHWUDLWHPHQWVDODULDOGXSHUVRQQHOGXFRQVHLOUpJLRQDOGXEHUH
$VVXUHUOHWUDLWHPHQWVDODULDOGXSHUVRQQHOGHODUpJLRQGX%pUp
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGXFRQVHLOUpJLRQDOGXEHUH
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODUHJLRQGX%HUH
,QYHVWLVVHPHQWV
'pYHORSSHUOHVWUDQVSRUWVURXWLHUVGDQVODUpJLRQGXEHUH
7UDYDX[G
RXYHUWXUHGHYRLHGH'LDQUDYLOODJHGH6RQR]RHWGHVD[HV6RQR]RHW&LVVHGRXJRX&DPSHPHQW&KRORNDKD6DPRXNDKD
XQGDORWHQWUHOHVYLOODJHVGH6LHNRXQRQHW0DQDGRXJRX
'pYHORSSHUO
DOLPHQWDWLRQHQHDXGDQVODUpJLRQGXEHUH
5pKDELOLWDWLRQGHSRPSHVjPRWULFLWHKXPDLQHGDQVORFDOLWpVGHODUpJLRQGX%(5(
$FKDWGHSRPSHVjPRWULFLWpKXPDLQHSRXUOHVYLOODJHVGHOD5pJLRQGX%pUpj.RXJEpUp.DQJQpGRXJRX7DEDNRUR'LpUp
.DPDUDOD'DQWRJR7RXORXNUR'DQJEDVVR'MpGMpGRX68$162)(/,$3/$.28'-2'28HW'$172*2
$FTXpULUGHVDSSDUHLOVHWGXPDWpULHOWKpUDSHXWLTXHGDQVODUpJLRQGXEHUH
(TXLSHPHQWGHO
K{SLWDOJpQpUDOGH0$1.212HQPDWpULHOG
LPDJHULHPpGLFDOH
&RQVWUXFWLRQG
LQFLQpUDWHXUjO
K{SLWDOJpQpUDOGH0DQNRQR
'pYHORSSHUGHVGLVSHQVDLUHVHWGHVPDWHUQLWpVGDQVODUpJLRQGXEHUH
&RQVWUXFWLRQGHPDWHUQLWpVGDQVOHVORFDOLWpVGH6LUKLR6RPRNRUR*RQDHWGH1DNDUD
&RQVWUXFWLRQGHGLVSHQVDLUHVGDQVOHVORFDOLWpVGH.RGRXP)LODVVR'LDUDODOD%RUR]RPED'MDQJRGRXJRX.DUDPRJROD
6DQDNRUR%RERVVRWLHQLQJEH3RNRXQGRXJRX.DQVRNRUDHW6DIRGRXJRX
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
&RQVWUXFWLRQGHKXLWORJHPHQWVVRFLDX[GHVDJHIHPPHVHWLQILUPLHUVGDQVOHVORFDOLWpVGH.SHVVR'LDQUDYLOODJH)RXWRXQRX
HW%LpORXFDUUHIRXU
&RQVWUXFWLRQGHPDWHUQLWpVGDQVOHVYLOODJHVGHODUpJLRQGX%pUp7UDIHVVRNDPRUR2XHGDOODK'LDQUDYLOODJH$FKHYHPHQWGHODPDWHUQLWpGH
NREDGDOODK
&RQVWUXFWLRQGXGLVSHQVDLUHGH'MHGRXJRXVVR63GH%RXDQGRXJRX
&RQVWUXFWLRQGHODWULQHVDXFHQWUHGHVDQWpGH%LpORXFDUUHIRXUHWGH.DPRUR
HQVHLJQHPHQWVHFRQGDLUHGDQVODUpJLRQGXEHUH
&RQVWUXFWLRQGHFROOqJHVGHSUR[LPLWpjEDVHEXUHDX[G
DGPLQLVWUDWLRQVDOOHVVSpFLDOLVpHVODWULQHVGDQVOHVORFDOLWpVGH
)L]DQORXPDGH%RD\DRNURHWGH.DJQHUH
&RQVWUXFWLRQGHVDOOHVGHFODVVHVGDQVOHVO\FpHVHWFROOqJHVGHODUpJLRQFODVVHVDXFROOqJHGH7RQRXOpDGPLQLVWUDWLRQODWULQHV
VDOOHVGHFODVVHVDXFROOqJHGH6DUKDODODWULQHV
&RQVWUXFWLRQGHEORF$GPLQLVWUDWLIDX&ROOqJHGH.RQJDVVR
&RQVWUXFWLRQG
XQFROOqJHGHSUR[LPLWpj'MHQHGMDQ
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODUpJLRQGXEHUH
$FTXLVLWLRQGHWDEOHVEDQFVSRXUOHV(33GHODUpJLRQ
&RQVWUXFWLRQGHVDOOHVGHFODVVHEXUHDX[ODWULQHVGDQVOHV(33GHVORFDOLWpVGH1DYLJXHYRJR1LQDNLUL.RXDNRXGRXJRX
7RJEDVVR%DVVDSOD6RJWEHQL7FKRORNDKD'LDUUDGRXJRX'LDQUDYLOODJH*RPLQDVVRHW1LQDNUL
&RQVWUXFWLRQGHWUHQWHWURLVVDOOHVGHFODVVHVGDQVOHVpFROHVSULPDLUHVSXEOLTXHVGHODUpJLRQGX%pUpFODVVHVEXUHDXODWULQHVjO
(33
7XOpVDOOHVGHFODVVHVEXUHDXODWULQHVjO
(33GH)RXDQJDVDOOHGHFODVVHVEXUHDXj6LULNLNDKDVDOOHVGHFODVVHVEXUHDXj6RQR]RNRXUD
VDOOHVGHFODVVHVjO
(330LQDQNRURVDOOHVGHFODVVHVEXUHDXODWULQHVjO
(33%DQDJRURVDOOHVGHFODVVHVEXUHDXODWULQHVjO
(337DEDNRURVDOOHV
GHFODVVHVEXUHDXODWULQHVjO
(33%DSODVDOOHVGHFODVVHVEXUHDXODWULQHVjO
(337LHQGDVDOOHVGHFODVVHVEXUHDXODWULQHVjO
(337DNDQD]R
%DPEDORXPDVDOOHVGHFODVVHVEXUHDXODWULQHVjO
(337DNDQD]R
$FKqYHPHQWGHFODVVHVGDQVOHV(33GHOD5pJLRQFODVVHVj((31LQLNULVVRFODVVHVj%LNDVVLHWFODVVHVj7LqILGRXJRX
&RQVWUXFWLRQGHEDWLPHQWVGHVDOOHVGHFODVVHVEXUHDXODWULQHVjO
(33%DUDGRXJRX'LHUUH)RXURXJEDNRUR7LRQLIHUHNDKD
$FKqYHPHQWGHFODVVHVEXUHDXODWULQHVjO
(SS.DWLDOLHW%RDND
&RQVWUXFWLRQGHVDOOHVGHFODVVHVGDQVOHV(33GHODUpJLRQVDOOHVGHFODVVHEXUHDX/DWULQHD782)5(.$+$63GH7,(1,1*%28(HW
VDOOHVGHFODVVHVEXUHDXODWULQHD(331,1$.5,
'pYHORSSHUOHVVHUYLFHVJpQpUDX[GHSODQLILFDWLRQHWGHVWDWLVWLTXHVGDQVODUpJLRQGXEHUH
(ODERUDWLRQGHODFDUWRJUDSKLHGHVpTXLSHPHQWVHWGXUpVHDXURXWLHUGHOD5pJLRQGX%pUp
(WXGHG
LGHQWLILFDWLRQGHVEHVRLQVHQHDXSRWDEOHGDQVOD5pJLRQGX%pUp
'pYHORSSHUOHVDXWUHVVHUYLFHVJpQpUDX[GDQVODUpJLRQGXEHUH
$FTXLVLWLRQG
XQHPDFKLQHjIRUDJHSRXUOHVWUDYDX[K\GUDXOLTXHVGDQVOD5pJLRQGX%(5(
'pYHORSSHUGHVVHUYLFHVFXOWXUHOVGDQVODUpJLRQGXEHUH
&RQVWUXFWLRQGHIR\HUVGHMHXQHVj.RXDVVLGRXJRXHW'LDQUD9LOODJH
&RQVHLO5pJLRQDOGX/RK'MLERXD'LYR
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
3HUVRQQHO
$VVXUHUOHWUDLWHPHQWVDODULDOGXSHUVRQQHOGXFRQVHLOUpJLRQDOGXORKGMLERXD
$VVXUHUOHWUDLWHPHQWVDODULDOGXSHUVRQQHOGX&RQVHLO5pJLRQDOGX/{K'MLERXD
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGXFRQVHLOUpJLRQDOGXORKGMLERXD
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODUpJLRQGX/RK'MLERXD
,QYHVWLVVHPHQWV
'pYHORSSHUOHVVHUYLFHVJpQpUDX[GHSODQLILFDWLRQHWGHVWDWLVWLTXHVGDQVODUpJLRQGXORKGMLERXD
5pDOLVDWLRQGHVSODQVG
XUEDQLVPHGLUHFWHXUGH2JRXGRX*DJRUp'DLURGLGL]R1LDEp]DULDHW&KLpSR
'pYHORSSHUOHVDXWUHVVHUYLFHVJpQpUDX[GDQVODUpJLRQGXORKGMLERXD
([WHQWLRQGXUDFFRUGHPHQWpOHFWULTXHGXVLqJHGHODUpJLRQ
'pYHORSSHUOHVVHUYLFHVGHSURWHFWLRQFLYLOHGDQVODUpJLRQGXORKGMLERXD
(TXLSHPHQWGXFHQWUHGHVHFRXUVG
XUJHQFHGHODUHJLRQ
'pYHORSSHUOHVVHUYLFHVGHSROLFHGDQVODUpJLRQGXORKGMLERXD
(TXLSHPHQWGHVVHUYLFHVGHVpFXULWpGHOD5pJLRQHQPDWpULHOVLQIRUPDWLTXHV
'pYHORSSHUOHVWUDQVSRUWVURXWLHUVGDQVODUpJLRQGXORKGMLERXD
5HSURILODJHORXUGHWWUDLWHPHQWGHVSRQWVFULWLTXHVGH.0GHYRLHVGDQVOD5pJLRQ
'pYHORSSHUO
DOLPHQWDWLRQHQHDXGDQVODUpJLRQGXORKGMLERXD
&RQVWUXFWLRQGHSRPSHVj'DJURP,SRXNRXDGLRNURHW%RELDGRXJRX
&RQVWUXFWLRQG
XQFKkWHDXG
HDXj*QDNRXERXpVS/DNRWD
&RQVWUXFWLRQG
XQFKkWHDXG
HDXj*DJRUp
&RQVWUXFWLRQGHVL[SRPSHVj.SDGDJQRDj'DJRGRXj'MHNRXDPHNURj2XDWWDUDNURHWj$EDWRXOLOLH
&RQVWUXFWLRQG
XQFKkWHDXG
HDXj+HUPDQNRQR*DUR
&RQVWUXFWLRQG
XQFKkWHDXG
HDXj'LJR*EDJERWWD
&RQVWUXFWLRQG
XQFKkWHDXG
HDXj6LEHFDUUHIRXUHW+HUPDQNRQR:DJDQD
5KpDELOLWDWLRQGHVL[SRPSHVjPRWULFLWpKXPDLQHGDQVOD5pJLRQ
'pYHORSSHUO
pFODLUDJHSXEOLFGDQVODUpJLRQGXORKGMLERXD
(OHFWULILFDWLRQGXYLOODJHGH'LJR*EDJERWWD
(OHFWULILFDWLRQGHKXLWYLOODJHVGDQVOHGpSDUWHPHQWGH/DNRWD
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
(OHFWULILFDWLRQGHVYLOODJHVGH&KLHSRHWGH/DERGRXJRX
(OHFWULILFDWLRQGXYLOODJHGH%ULKLULVS/DNRWD
$FTXpULUGHVDSSDUHLOVHWGXPDWpULHOWKpUDSHXWLTXHGDQVODUpJLRQGXORKGMLERXD
$FTXLVLWLRQG
XQIDXWHXLOGHQWDLUHDYHFpTXLSHPHQWVSRXUOH&+5GH',92
'pYHORSSHUGHVVHUYLFHVGHPpGHFLQHVSpFLDOLVpHGDQVODUpJLRQGXORKGMLERXD
&RQVWUXFWLRQG
XQHDQWHQQHGHWUDQVIXVLRQVDQJXLQHDX&+5GH'LYR
&RQVWUXFWLRQG
XQEkWLPHQWGHSpGLDWULHjO
K{SLWDOJpQpUDOGH*XLWU\
'pYHORSSHUGHVGLVSHQVDLUHVHWGHVPDWHUQLWpVGDQVODUpJLRQGXORKGMLERXD
&RQVWUXFWLRQG
XQHPDWHUQLWpj%URXGRXNRX3HQGD
&RQVWUXFWLRQG
XQGLVSHQVDLUHj'RXJRGRX
5pKDELOLWDWLRQGXFHQWUHGHVDQWpGH=DWRERXDVS*DJRUH
&RQVWUXFWLRQG
XQHPDWHUQLWpj$GDKLGRXJRXHWj'LGRNR
&RQVWUXFWLRQG
XQGLVSHQVDLUHj1LDNREORJQRD&RFKHP'LGDHW&KLHSR
&RQVWUXFWLRQG
XQGLVSHQVDLUHj/LJURKRLQHWUpKDELOLWDWLRQG
XQGLVSHQVDLUHj*QLJXHGRXJRX
&RQVWUXFWLRQGHWURLVFHQWUHVGHVDQWpLQWpJUpj*EHJD7URNR%REROLOLHHW*RJQH
&RQVWUXFWLRQGHTXDWUHORJHPHQWVGHVDJHIHPPHG
LQILUPLHUHWGHPpGHFLQj*QDPD%RELDGRXJRXHW'DLUR'LGL]R
5pKDELOLWDWLRQGXFHQWUHGHVDQWpLQWpJUpGH*XLJXpGRX
HQVHLJQHPHQWVHFRQGDLUHGDQVODUpJLRQGXORKGMLERXD
&RQVWUXFWLRQGHWURLVFROOqJHVGHSUR[LPLWpGDQVOD5pJLRQEkWLPHQWDGPLQLVWUDWLISOXVGHX[EkWLPHQWVGHTXDWUHFODVVHVSOXVGHX[
EXUHDX[SOXVGHX[VDOOHVVSpFLDOLVpHVSOXVEORFWRLOHWWHVVL[FDELQHVFKDFXQ
&RQVWUXFWLRQG
XQFROOqJHjEDVHj2JRXGRXEkWLPHQWDGPLQLVWUDWLISOXVGHX[EkWLPHQWVGHTXDWUHFODVVHVSOXVGHX[EXUHDX[
SOXVGHX[EXUHDX[HWGHX[VDOOHVVSpFLDOLVpHVSOXVEORFVWRLOHWWHVGHVL[FDELQHV
([WHQVLRQGXFROOqJH0RGHUQHGH'LYRKXLWVDOOHVGHFODVVHSOXVGHX[EXUHDX[HWXQHVDOOHVSpFLDOLVpHSOXVXQEORFODWULQHSOXVXQ
EkWLPHQWDGPLQLVWUDWLI
([WHQVLRQGXFROOqJHjEDVHG
2JRXGRX
HQVHLJQHPHQWVHFRQGDLUHGDQVODUpJLRQGXORKGMLERXD
&RQVWUXFWLRQGXO\FpHGpSDUWHPHQWDOGH/DNRWD
&RQVWUXFWLRQGHKXLWVDOOHVGHFODVVHDX/\FpH0XQLFLSDOGH+LUpHWDXFROOqJH0RGHUQHGH'LYR
5pKDELOLWDWLRQGHGHX[VDOOHVGHFODVVHDX/\FpH0RGHUQHGH'LYR
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODUpJLRQGXORKGMLERXD
&RQVWUXFWLRQGHORJHPHQWVVRFLDX[jXVDJHDGPLQLVWUDWLISRXUOHVHQVHLJQDQWVjNULNSRNRFDUUHIRXU
$FTXLVLWLRQGHWDEOHVEDQFVSRXUOHV(33GHODUpJLRQ
&RQVWUXFWLRQGHGHX[ORJHPHQWVVRFLDX[jXVDJHDGPLQLVWUDWLISRXUOHVHQVHLJQDQWVj*XLJXHGRX
&RQVWUXFWLRQG
XQJURXSHVFRODLUHj'LJR*EDJERWWDFODVVHVSOXVEXUHDX[
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
5pKDELOLWDWLRQGHQHXIVDOOHVGHFODVVHSOXVEXUHDX[jO
(33&HOLERXDO
(33'DJRGRXHWO
(33NULNSRNR
&RQVWUXFWLRQGHWURLVFODVVHVSOXVEXUHDXHWUpKDELOLWDWLRQGHVL[FODVVHVjO
(330RXVVDGRXJRX
&RQVWUXFWLRQGHWURLVFODVVHVSOXVEXUHDXjO
(33$PDQLNURVS2JRXGRXGHWURLVFODVVHVSOXVEXUHDXjO
(33*UDJEUpWURLV
FODVVHVSOXVEXUHDXjO
(33*ERJERVVRXWURLVFODVVHVSOXVEXUHDXjO
(33.DLKXpWURLVFODVVHVSOXVEXUHDXjO
(33$PDQLNURVS+LUp
&RQVWUXFWLRQGHTXLQ]HFODVVHVSOXVEXUHDXSOXVODWULQHVHWFDQWLQHGDQVOHVORFDOLWpVGH*RJRNRWURLVFODVVHVHWFDQWLQH*REHULWURLV
FODVVHV/R]RXDWURLVFODVVHV1
'DORXNRXNURWURLVFODVVHV.RXDVVLOLOLpWURLVFODVVHV'MHNROLOLOLpEORFODWULQHGHKXLWFDELQHV
&RQVWUXFWLRQGHWURLVFODVVHVjO
(331
'ULNURHWFODVVHVEXUHDXj1LD]DUDNR
&RQVWUXFWLRQGHWURLVFODVVHVEXUHDXj.RSLpGRXJRX*O\
5pKDELOLWDWLRQGHVL[VDOOHVGHFODVVHSULPDLUHVGDQVOHVORFDOLWpVGH1pNR7LpJEDFODVVHVHW6DNRWDFODVVHV
5pKDELOLWDWLRQGHVHSWVDOOHVGHFODVVHVSULPDLUHGHX[EXUHDX[FDQWLQHj=pUpGRXJRXFODVVHVEXUHDX'LJRFODVVHV
EXUHDX*REpULFODVVHEXUHDXHW1pERFDQWLQH
&RQVWUXFWLRQGHGHX[VDOOHVGHFODVVHEXUHDXj2XDJDOLOLp
&RQVHLO5pJLRQDOGX)RORQ0LQLJQDQ
3HUVRQQHO
$VVXUHUOHWUDLWHPHQWVDODULDOGXSHUVRQQHOGXFRQVHLOUpJLRQDOGXIRORQ
$VVXUHUOHWUDLWHPHQWVDODULDOGXSHUVRQQHOGX&RQVHLO5pJLRQDOGX)RORQ
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGXFRQVHLOUpJLRQDOGXIRORQ
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODUHJLRQGX)RORQ
,QYHVWLVVHPHQWV
'pYHORSSHUOHVDXWUHVVHUYLFHVJpQpUDX[GDQVODUpJLRQGXIRORQ
&RQVWUXFWLRQGHEkWLPHQWDGPLQLVWUDWLIjEXUHDX[j0LQLJQDQ
5pKDELOLWDWLRQGHEkWLPHQWVDGPLQLVWUDWLIVjEXUHDX[j*RXOLDHW6RNRUR
$FTXLVLWLRQGHGHX[YpKLFXOHVGHW\SH;SRXUOD'LUHFWLRQGHV6HUYLFHV7HFKQLTXHV
'pYHORSSHUOHVVHUYLFHVJpQpUDX[GHSODQLILFDWLRQHWGHVWDWLVWLTXHVGDQVODUpJLRQGXIRORQ
(ODERUDWLRQGXSODQ5pJLRQDOGHGpYHORSSHPHQW
'pYHORSSHUOHVVHUYLFHVGHSURWHFWLRQFLYLOHGDQVODUpJLRQGXIRORQ
&RQVWUXFWLRQG
XQHFDVHUQHGHVDSHXUVSRPSLHUVFLYLOV
'pYHORSSHUOHVWUDQVSRUWVURXWLHUVGDQVODUpJLRQGXIRORQ
5pSURILODJHHWWUDLWHPHQWGHSRLQWVFULWLTXHVGHVURXWHVHQWHUUHVXUOHVD[HV*RXOLD0EHEODODNP7DKDUDQ7KLHQQ\NP
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
&RQVWUXFWLRQG
RXYUDJHVVHPLGHILQLWLIVXUO
D[H*RXOLD6DPDNRQD
'pYHORSSHUO
pFODLUDJHSXEOLFGDQVODUpJLRQGXIRORQ
(OHFWULILFDWLRQGHVYLOODJHVGH)LpOD.RULDQL&ROOqJHGH6RNRUR
'pYHORSSHUOHORJHPHQWGDQVODUpJLRQGXIRORQ
/RWLVVHPHQWGHVYLOODJHVGH.DEDQJRXHORWV0LQLJQDQORWV.RUR2XOHORWV
'pYHORSSHUO
DOLPHQWDWLRQHQHDXGDQVODUpJLRQGXIRORQ
5pDOLVDWLRQG
XQHSRPSHK\GUDXOLTXHYLOODJHRLVHDPpOLRUpH+9$j.ROLNR
5pDOLVDWLRQGHIRUDJHVGDQVOHVYLOODJHVGH.HKL6DPEDGRXJRX
$FTXpULUGHVDSSDUHLOVHWGXPDWpULHOWKpUDSHXWLTXHGDQVODUpJLRQGXIRORQ
$FTXLVLWLRQGHPDWpULHOVELRPpGLFDX[SRXUOHVFHQWUHVGHVDQWp'LHQWHJXHOD)DQKDOD0DGLQD.RUR2XOHHW7RXED7URQ
'pYHORSSHUGHVGLVSHQVDLUHVHWGHVPDWHUQLWpVGDQVODUpJLRQGXIRORQ
&RQVWUXFWLRQGHODFO{WXUHGHODPDWHUQLWpGH.DEDQJRXp
&RQVWUXFWLRQGHORJHPHQWVVRFLDX[GHWURLVSLqFHVSRXUOHSHUVRQQHOVDQLWDLUHGDQVOHVYLOODJHVGH'LHQWHJXHODHW)DKDQOD
&RQVWUXFWLRQGHFHQWUHVGHVDQWpGDQVOHVYLOODJHVGH)LHODHW.HKL
&RQVWUXFWLRQGHORJHPHQWVVRFLDX[GHTXDWUHSLqFHVSRXUOHSHUVRQQHOVDQLWDLUHGDQVOHVYLOODJHVGH6RNRXUDED7KURQ7RXED7KURQ)LHODHW
.LPELULOD1RUG
&RQVWUXFWLRQGHODFO{WXUHGXFHQWUHGHVDQWpGH0DKDQGLDQD6RNRXUDQL
'pYHORSSHUGHVVHUYLFHVFXOWXUHOVGDQVODUpJLRQGXIRORQ
5pKDELOLWDWLRQGXFHQWUHSRO\YDOHQWGHNDQLDVVR
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODUpJLRQGXIRORQ
(TXLSHPHQWGHVpFROHVSULPDLUHVSXEOLTXHVGHODUpJLRQHQWDEOHVEDQFV6RNRURWDEOHVEDQFV630LQLJQDQWDEOHVEDQFV63
.LPELULOD1RUGWDEOHVEDQFVHW63*RXOLDWDEOHVEDQFV
&RQVWUXFWLRQGHVpFROHVSULPDLUHVSXEOLTXHVGDQVOHVYLOODJHVGH'RXPEDODFODVVHVEXUHDXODWULQHV0DQDGRXQ
FODVVHVEXUHDXODWULQHV6HPpFODVVHVEXUHDXODWULQHV
5pKDELOLWDWLRQGHVpFROHVSULPDLUHVSXEOLTXHVGDQVOHVYLOODJHVGH'MHULODFODVVHV7LHILQ]RFODVVHV'MRORODFODVVHV/HOH
FODVVHV1
*RORQGLpFODVVHV0DQDGRXQFODVVHV.RKRPDFODVVHV
&RQVWUXFWLRQGHODWULQHVGDQVOHVpFROHVSULPDLUHVSXEOLTXHVGHODUpJLRQ'RXPEDOD0DQDGRXQ.HPLVVLJD
HQVHLJQHPHQWVHFRQGDLUHGDQVODUpJLRQGXIRORQ
&RQVWUXFWLRQG
XQEkWLPHQWDGPLQLVWUDWLIjXVDJHGHEXUHDX[DXFROOqJHGH6DQDQIpUpGRXJRX
$FTXLVLWLRQGHPRELOLHUVGHEXUHDXIDXWHXLOVGLUHFWHXUVIDXWHXLOVDJHQWVFKDLVHVYLVLWHXUVEXUHDX[DYHFUHWRXUEXUHDX[VLPSOHV&KDLVHVGH
UpXQLRQHW7DEOHVGHFRQIpUHQFHSRXUOHVFROOqJHV6RNRUR0LQLJQDQ6DQDQIpUpGRXJRXHW.LPELULOD1RUG
&RQVWUXFWLRQGHEkWLPHQWVGHTXDWUHFODVVHVDX[FROOqJHVGH*RXOLDHW7LHQNR
&RQVHLO5pJLRQDOGX%RXQNDQL%RXQD
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
3HUVRQQHO
$VVXUHUOHWUDLWHPHQWVDODULDOGXSHUVRQQHOGXFRQVHLOUpJLRQDOGXERXQNDQL
$VVXUHUOHWUDLWHPHQWVDODULDOGXSHUVRQQHOGX&RQVHLO5pJLRQDOGX%RXQNDQL
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGXFRQVHLOUpJLRQDOGXERXQNDQL
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODUHJLRQGX%RXQNDQL
,QYHVWLVVHPHQWV
'pYHORSSHUOHVWUDQVSRUWVURXWLHUVGDQVODUpJLRQGXERXQNDQL
5HSURILODJHHWWUDLWHPHQWGHSRLQWVFULWLTXHVVXUURXWHVHQWHUUHGDQVODUHJLRQGX%RXQNDQLNP
'pYHORSSHUO
DJULFXOWXUHGDQVODUpJLRQGXERXQNDQL
&UpDWLRQGHUHWHQXHVG
HDXGDQVOHVORFDOLWpVGH:RXQDQKLGRXR'RURSRHWGHNSLURPL%RXQD
'pYHORSSHUO
DOLPHQWDWLRQHQHDXGDQVODUpJLRQGXERXQNDQL
$FTXLVLWLRQGHWUHQWHSRPSHVjPRWULFLWpKXPDLQHSRXUIRUDJHG
HDXSRWDEOHGDQVOD5pJLRQGX%RXQNDQL
5pDOLVDWLRQGHTXDWUHV\VWqPHVG
K\GUDXOLTXHVYLOODJHRLVHVDPpOLRUpHVGDQVOD5pJLRQGX%RXQNDQLj9DUJER%DQYD\R%ROpHW+LUpZHGRXR
$FTXLVLWLRQGHGHX[SRPSHVjPRWULFLWpKXPDLQHGDQVOD5pJLRQGH*ERQNRGRXRHWGH0DVVLWpRQ
'pYHORSSHUGHVGLVSHQVDLUHVHWGHVPDWHUQLWpVGDQVODUpJLRQGXERXQNDQL
$FTXLVLWLRQG
pTXLSHPHQWVELRPpGLFDX[SRXUTXLQ]HGLVSHQVDLUHVGHOD5pJLRQGX%RXQNDQL1RPLGRXR'LKLQWpGRXR.RQWRGRXR6LSkOGRXR
.RGR/DJER%URPELUpGRXR*ERURQNLOGRXR6DERXNSD<DOOqGRXR6DEJD%ROp2XDQJRNRUR%RQGR\RHW7DQWDPD
$FTXLVLWLRQGHGHX[DPEXODQFHVSRXUOHVFHQWUHVGHVDQWpGH.RXWRXEDHWGH9DUJERGDQVODUpJLRQGX%RXQNDQL
&RQVWUXFWLRQGHGL[GLVSHQVDLUHVHWG
XQFHQWUHGHVDQWpGDQVODUpJLRQ*ERURPNLOGRXR6DERXNSD'RYLWDQ2XDQJRNRUR
/DJERWFKDGMRWp/DJER1RPLGRXR%RQGR\R.URPLDQELUD6DJEDHWOHFHQWUHGHVDQWpXUEDLQGH7pKLQL
&RQVWUXFWLRQGHTXDWUHGLVSHQVDLUHVGDQVODUpJLRQGX%RXQNDQL'LNRWpGRXR*DQVp'DELHOGRXR%DQLpGRXR
5pKDELOLWDWLRQGHTXDWUHGLVSHQVDLUHVGDQVODUpJLRQGX%RXQNDQL6\DOOqGRXR$QJD\H6HZpHW'DQRD
&RQVWUXFWLRQGHTXDWUR]HORJHPHQWVVRFLDX[GDQVOD5pJLRQGX%RXQNDQL.LQWDQ/DQNLR9DUJER0DVVLWpRQ%LHOSLQH'RJEq.RXpERQRX
%DQLD%D\DQD6LULNLEDQJR%DQYD\R6DQVDQGRXR/DWURXJR7RXJERHW.RLQWDQ
&RQVWUXFWLRQGHGL[QHXIORJHPHQWVVRFLDX[GDQVOD5pJLRQGX%RXQNDQL1RPLGRXR'LKLQWpGRXR.RXQWRGRXR*DQVp%RXGRX<DQGRWLpNRXp
*RJR2XDQJRNRUR1LDQGpJXp6\DOOqGRXR%LQDQGRXR0{URP{UR.RXWFKDQQD%URPELUHGRXR<DOR)DSLpUpGRXR/JERWDGMRWp+LHUHZHGRXRHW.DOWRXGRXR
'pYHORSSHUGHVVHUYLFHVKRVSLWDOLHUVJpQpUDX[GDQVODUpJLRQGXERXQNDQL
&RQVWUXFWLRQGHO
K{SLWDOJpQpUDOGH'RURSR
'pYHORSSHUGHVVHUYLFHVFXOWXUHOVGDQVODUpJLRQGXERXQNDQL
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
&RQVWUXFWLRQGXIR\HUGHVMHXQHVj&DPDUDVVR
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODUpJLRQGXERXQNDQL
&RQVWUXFWLRQGHVpFROHV3ULPDLUHV3XEOLTXHVGH.RSHQJXp<RXQGRXR/DJER/pRPLGRXR2XQDQNRXGRXR.RXDNRXGRXR7LHQJXpOp3pQRXGRXR
HWGH%ROp
5pKDELOLWDWLRQG
pFROHVSULPDLUHVSXEOLTXHVGH/DPELUD%RWRX%RXGRX.RXOPLWDQ1LDPRLQ0{URP{UR'DQRD9RQNRURHW6\DOOqGRXR
&RQVWUXFWLRQGHFLQTpFROHV3ULPDLUHV3XEOLTXHVGHFODVVHVEXUHDXGDQVODUpJLRQGX%RXQNDQL'DJEDNRXGRXR.RORJRER*RURGRXR
.LUDPLVVpHW0{URP{UR
5pKDELOLWDWLRQGHVHSW(FROHV3ULPDLUHV3XEOLTXHVGDQVODUpJLRQGX%RXQNDQL/pRPLGRXR=DPRX.DODPRQ'LKLQWpGRXR9DUJER.RXQ]LpHW
7LQJXLUD
$FTXLVLWLRQGHPRELOLHUVSRXUTXLQ]HpFROHV3ULPDLUHV3XEOLTXHVGHODUpJLRQGX%RXQNDQL*RPLGRXR7LHQJXpOp)DSLUpGRXR+LPELp
3pQRQGRXR.pUDPLVVp'DJEDNRXGRXR*RURGRXR7RXJER.RORJRER%URYLOOD.RXUELQL*ERURQWFKDUD%ROpHW.DODQ
HQVHLJQHPHQWVHFRQGDLUHGDQVODUpJLRQGXERXQNDQL
&RQVWUXFWLRQHWH[WHQVLRQGHVFROOqJHVGHVRPLQDVVHGRURSRWHKLQLGDQVODUHJLRQGX%RXQNDQL
'pYHORSSHUOHVDXWUHVVHUYLFHVJpQpUDX[GDQVODUpJLRQGXERXQNDQL
$FTXLVLWLRQGHTXDWUHVYpKLFXOHVGHW\SHV[SRXUOHVVHUYLFHVGHOD5pJLRQGX%RXNDQL'LUHFWLRQ*pQpUDOH
&RQVHLO5pJLRQDOGX+DXW6DVVDQGUD'DORD
3HUVRQQHO
$VVXUHUOHWUDLWHPHQWVDODULDOGXSHUVRQQHOGXFRQVHLOUpJLRQDOGXKDXWVDVVDQGUD
$VVXUHUOHWUDLWHPHQWVDODULDOGXSHUVRQQHOGXFRQVHLOUpJLRQDOGX+DXW6DVVDQGUD
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGXFRQVHLOUpJLRQDOGXKDXWVDVVDQGUD
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODUHJLRQGX+DXW6DVVDQGUD
,QYHVWLVVHPHQWV
'pYHORSSHUOHVVHUYLFHVGHSROLFHGDQVODUpJLRQGXKDXWVDVVDQGUD
&RQVWUXFWLRQGXSRVWHGHJHQGDUPHULHGH*ERJXKp'DORD
'pYHORSSHUOHVVHUYLFHVGHSURWHFWLRQFLYLOHGDQVODUpJLRQGXKDXWVDVVDQGUD
&RQVWUXFWLRQG
XQGRUWRLUDXFHQWUHGHVHFRXUVG
XUJHQFHj'DORD
'pYHORSSHUOHVWUDQVSRUWVURXWLHUVGDQVODUpJLRQGXKDXWVDVVDQGUD
5HSURILODJHORXUGGHNPVGHURXWHDYHFSRVHGHEXVHVHWWUDLWHPHQWGHVSRLQWVFULWLTXHVGHVURXWHV=pEUD.RXDVVLNDQNUR7RURJXKp
'DJEDERXD=LJXLGLD3.%RXDVVDPEUDNUR'DORD=HJD*D]pKLRHW%ROLD*RJRXDJXKp,VVLD
&RQVWUXFWLRQG
XQGDORW[P[PVXUODULYLqUH3.HW*R]LGDQVOHGpSDUWHPHQWGH9DYRXD
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
2XYHUWXUHGHVYRLHVVXUNPj=RNRJXKpGDQVOHGpSDUWHPHQWGH'DORD
5pKDELOLWDWLRQGHWURLVSDVVDJHVEXVpVHQWUH%URPDHW'pUDKLR,VVLD
7UDYDX[G
RXYHUWXUHGHVYRLHVVXUNPj'LJEDSLD
3URPRXYRLUODUHFKHUFKHHWOHGpYHORSSHPHQWGDQVOHGRPDLQHGHO
DJULFXOWXUHODV\OYLFXOWXUHODSrFKHHWODFKDVVHGDQVODUpJLRQGXKDXWV
(WXGHVSRXUODPLVHHQ¢XYUHGHVSURMHWVDJULFROHVGHOD5pJLRQ
'pYHORSSHUO
DOLPHQWDWLRQHQHDXGDQVODUpJLRQGXKDXWVDVVDQGUD
5pDOLVDWLRQGHGHX[SRPSHVjPRWULFLWpKXPDLQHj1LDPD\RGDQVOHGpSDUWHPHQWGH'DORDHWjO
(33<DODGDQVOHGpSDUWHPHQWGH
9DYRXD
5DFFRUGHPHQWGH0LPLDDXUpVHDXVRGHFLGH%RJXHGLDGDQVOHGHSDUWHPHQWG
,VVLD
5pKDELOLWDWLRQGHFLQTIRUDJHVPXQLVGHSRPSHVjPRWULFLWpKXPDLQHj.ULGDNR]DKLRHW0DNXD,VVLDj7UDIOD*RWWURQ9DDIOD
HW'RXIOD9DYRXD
5pDOLVDWLRQG
XQV\VWqPHG
K\GUDXOLTXHYLOODJHRLVHDPpOLRUpH+9$j0LJQRUpGDQVOHGpSDUWHPHQWGH9$928$
([WHQVLRQGXUpVHDXG
HDXSRWDEOHGH=RERXDGDQVOHGpSDUWHPHQWGH'DORD
5pDOLVDWLRQGHWURLVV\VWqPHVG
K\GUDXOLTXHYLOODJHRLVHj*RXpWLIODj<DODGDQVOHGpSDUWHPHQWGH9DYRXDHWj/RXRERXD,VVLD
'pYHORSSHUO
pFODLUDJHSXEOLFGDQVODUpJLRQGXKDXWVDVVDQGUD
([WHQVLRQGXUpVHDXpOHFWULTXHj=RNRJXKpGDQVOHGpSDUWHPHQWGH'DORD
3URPRXYRLUODUHFKHUFKHHWOHGpYHORSSHPHQWGDQVOHGRPDLQHGXORJHPHQWHWGHVpTXLSHPHQWVFROOHFWLIVGDQVODUpJLRQGXKDXWVDVVDQGUD
(WXGHVSRXUWUDYDX[G
H[WHQVLRQGXUpVHDXK\GUDXOLTXHj.RUpNLSUpD
'pYHORSSHUGHVGLVSHQVDLUHVHWGHVPDWHUQLWpVGDQVODUpJLRQGXKDXWVDVVDQGUD
&RQVWUXFWLRQG
XQHPDWHUQLWpj%RQRXIODGDQVOHGpSDUWHPHQWGH9DYRXD
&RQVWUXFWLRQGHGHX[FHQWUHVGHVDQWpj.DEDGRXJRXGDQVOHGpSDUWHPHQWGH'DORDHW*EHKLEO\GDQVOHGpSDUWHPHQWGH9DYRXD
DVWUHLQWHSRXUODVDJHIHPPHGH=RERXDGDQVOHGpSDUWHPHQWGH'DORDHWj7UDIOD*RWWURQGDQVOH
GpSDUWHPHQWGH9DYRXD
5pKDELOLWDWLRQGHODPDWHUQLWpGH=DvERGDQVOHGpSDUWHPHQWGH'DORD
&RQVWUXFWLRQGHGHX[FHQWUHVGHVDQWpGHW\SH,j6HGLELD1DPDQpHWj.pOpPDJQH1DKLRGDQVOHGpSDUWHPHQWG
,VVLD
'pYHORSSHUGHVVHUYLFHVFXOWXUHOVGDQVODUpJLRQGXKDXWVDVVDQGUD
&RQVWUXFWLRQGHWURLVIR\HUVGHMHXQHVj*RQDWHHW7FKHEORJXKHGDQVOHGHSDUWHPHQWGH'DORDHW*D]HKLRGDQVOHGHSDUWHPHQWG
,VVLD
HQVHLJQHPHQWVHFRQGDLUHGDQVODUpJLRQGXKDXWVDVVDQGUD
$FTXLVLWLRQGHPDWpULHOVHWPRELOLHUVGHEXUHDXSRXUOHVFROOqJHVPRGHUQHVGHJXHVVDERHWGHJUHJEHXGDQVOHGHSDUWHPHQWGH]RXNRXJEHX
&RQVWUXFWLRQGHGHX[FROOqJHVPRGHUQHVj*XHVVDERHWj*UHJEHXGDQVOHGHSDUWHPHQWGH=RXNRXJEHX
&RQVWUXFWLRQG
XQEORFIR\HUELEOLRWKqTXHLQILUPHULHEORFVDQLWDLUHDX[&ROOqJHVPRGHUQHVGH*ERJXKpHWGH*DGRXDQGDQVOHGpSDUWHPHQWGH
'DORD
$FTXLVLWLRQGHPLOOHTXDWUHYLQJWVWDEOHVEDQFVSRXUOHVFROOqJHVPRGHUQHVGH=DvER'DORD*XHVVDERHW*UpJEHX=RXNRXJEHX
&RQVWUXFWLRQG
XQFROOqJHPRGHUQHj0DSrVSGH6DLRXD,VVLD
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
([WHQVLRQGXUpVHDXpOHFWULTXHGDQVOHVFROOqJHVPRGHUQHVGHOD5pJLRQ
HQVHLJQHPHQWVHFRQGDLUHGDQVODUpJLRQGXKDXWVDVVDQGUD
$FTXLVLWLRQGHPLOOHQHXIFHQWFLQTXDQWHGHX[WDEOHVEDQFVSRXUOHVpWDEOLVVHPHQWVVHFRQGDLUHVSXEOLFVGH'DORD,VVLD9DYRXDHW
=RXNRXJEHX
'pYHORSSHUO
HQVHLJQHPHQWVXSpULHXUGRFWRUDOGDQVODUpJLRQGXKDXWVDVVDQGUD
&RQVWUXFWLRQG
XQEkWLPHQWDGPLQLVWUDWLIjO
XQLYHUVLWp-HDQ/RURXJQRQ*XpGpGH'DORD
&RQVWUXFWLRQG
XQHVDOOHSRO\YDOHQWH$ODVVDQH2XDWWDUDjO
XQLYHUVLWp-HDQ/RURXJQRQ*XpGpGH'DORD
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODUpJLRQGXKDXWVDVVDQGUD
&RQVWUXFWLRQGHFLQTEkWLPHQWVGHWURLVFODVVHVSULPDLUHVEXUHDX[j]DOLRKRXDQGDORDQLDRXUDKLRGRELDLVVLDGRPDQJEHXHW
GqGqJEHX]RXNRXJEHX
&RQVWUXFWLRQGHGRX]HEkWLPHQWVGHWURLVFODVVHVSULPDLUHVEXUHDX[j%UL]HERXDj=DLERj=HWRGLJEDHWj=DOLRKRXDQ'DORDj
'RKDQHWj.HUDUHJXLH,VVLDj$ODGMHNURHWj%URXDIODQDWLV9DYRXDHWj%ODLVHNUR=RXNRXJEHX
5pKDELOLWDWLRQGHWURLVEkWLPHQWVGHVL[FODVVHVSULPDLUHVEXUHDX[j=pSUpJXKp=DKHW%RORXJXKpGDQVOHGpSDUWHPHQWGH'DORD
&RQVWUXFWLRQGHGRX]HEkWLPHQWVGHWURLVFODVVHVSULPDLUHVEXUHDX[ODWULQHVj%rIODHW=RNRJXKp'DORDj1LRERJXKp
*ROLKRDHW0DNXD,VVLDj'LDIOD'pGLDIODHW0RQRNR]RKL9DYRXDj*RURGL%DKLJEHX%HOOHYLOOHHWj.RXDVVLEOpNUR6,32
=RXNRXJEHX
$FTXLVLWLRQGHGHX[PLOOHTXDWUHFHQWGHX[WDEOHVEDQFVSRXUOHVpWDEOLVVHPHQWVSULPDLUHVSXEOLFVGH'DORD,VVLD9DYRXDHW=RXNRXJEHX
5pKDELOLWDWLRQGHKXLWEkWLPHQWVGHWURLVFODVVHVSULPDLUHVEXUHDX[j.pNpJR]D'DORDj'pUDKLR'DJRXUDKLRHW*XLERXR$OORNRNRIILNUR
,VVLDj'pUDJRQHW%DJRXUL9DYRXDHWj'qER=RXNRXJEHX
&RQVWUXFWLRQG
XQEORFODWULQHGHTXDWUHFDELQHVjO
(33%RNDUpJXKpGDQVOHGpSDUWHPHQWG
,VVLD
&RQVWUXFWLRQGHTXLQ]HEkWLPHQWVGHWURLVFODVVHVEXUHDX[ODWULQHVGDQVOHV,(3GHOD5pJLRQ
&RQVHLO5pJLRQDOGX%HOLHU72802',
3HUVRQQHO
$VVXUHUOHWUDLWHPHQWVDODULDOGXSHUVRQQHOGXFRQVHLOUpJLRQDOGXEpOLHU
$VVXUHUOHWUDLWHPHQWVDODULDOGXSHUVRQQHOGX&RQVHLO5pJLRQDOGX%pOLHU
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGXFRQVHLOUpJLRQDOGXEpOLHU
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODUHJLRQGX%HOLHU
,QYHVWLVVHPHQWV
'pYHORSSHUOHVDXWUHVVHUYLFHVJpQpUDX[GDQVODUpJLRQGXEpOLHU
'pYHORSSHUOHVDXWUHVVHUYLFHVJpQpUDX[GDQVOD5pJLRQGX%pOLHU
'pYHORSSHUOHVVHUYLFHVGHSROLFHGDQVODUpJLRQGXEpOLHU
&RQVWUXFWLRQGHODEULJDGHGH.RNXPERHWGHVSRVWHVGHJHQGDUPHULHGH%ROL$QJRGD<DNSDER6DNDVVRXHW/RPRNDQNUR
5DFFRUGHPHQWpOHFWULTXHGHVSRVWHVGHJHQGDUPHULHGH0RORQRX.SRXpERHW%RQLNURSRWHDX[
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
(TXLSHPHQWGHVSRVWHVHWEULJDGHVGH*HQGDUPHULHGHODUpJLRQHQRXWLOVLQIRUPDWLTXHVEULJDGHVHWSRVWHVGHJHQGDUPHULH
'pYHORSSHUO
DJULFXOWXUHGDQVODUpJLRQGXEpOLHU
5pDOLVDWLRQGHODIHUPHpFROHGH5DYLDUWHWVHVDQQH[HV
'pYHORSSHUOHVWUDQVSRUWVURXWLHUVGDQVODUpJLRQGXEpOLHU
7UDYDX[GHUHSURILODJHORXUGHWWUDLWHPHQWGHSRLQWVFULWLTXHVVXUOHVD[HV3OrVVRX1JXHVVDQEDNUR%RQLNURHW1JRLPER%RXpNUR:DZDNUR.RVVRX
$FTXLVLWLRQHWSRVHGHSDQQHDX[LQGLFDWHXUVGHVOLPLWHVWHUULWRULDOHVGHOD5pJLRQ
'pYHORSSHUOHORJHPHQWGDQVODUpJLRQGXEpOLHU
&RQVWUXFWLRQGHORJHPHQWVVRFLDX[GDQVOHVYLOODJHVGHOD5pJLRQ/DQGRQRX1JEDQ.DVVp$\DSULNUR6DZD7RQWRQRX.RIILNUR$KRXpNURHW/RPR
6XG
$FKqYHPHQWGHVWUDYDX[GHFRQVWUXFWLRQGHVL[ORJHPHQWVVRFLDX[j$EREODNUR
&RQVWUXFWLRQGHGHX[ORJHPHQWVVRFLDX[j.URX2NRXNUR
&RQVWUXFWLRQGHVHSWORJHPHQWVVRFLDX[j$WWLHQNRIILNUR1GDNUR$NDQGL<DORPEL.RXDVVLNURHW1JRXLPER
$FKqYHPHQWGHVWUDYDX[GHFRQVWUXFWLRQGHWURLVORJHPHQWVVRFLDX[j.RXDPp%RQRX
5pKDELOLWDWLRQGHORJHPHQWVVRFLDX[j%HQGUHVVRXHW.SRXpER
'pYHORSSHUO
DOLPHQWDWLRQHQHDXGDQVODUpJLRQGXEpOLHU
5pDOLVDWLRQG
XQH+\GUDXOLTXH9LOODJHRLVH$PpOLRUpH+9$HWG
XQH+\GUDXOLTXH8UEDLQH+8GDQVOHVYLOODJHVGHOD5pJLRQ+9$ *ERKXD
/RPR1RUGHW0RORQRX+8 /RPRNDQNUR.pWpNUp%RQLNUR$\DSULNURHW&KkWHXG
HDXGH%RQLNUR
5pDOLVDWLRQGHIRUDJHVGDQVOHVYLOODJHVGHOD5pJLRQ<RERXpER5DYLDUW%HGH7DQRNUR*URNUR1JEDQ.DVVp.RQGRNUR6UDNDNURHW
.RIIL1*RUDQNUR
$FTXLVLWLRQHWSRVHGHWX\DX[HQDFLHULQR[SRXUO
pTXLSHPHQWGX&KkWHDXG
(DXGH/RPRNDQNUR
'pYHORSSHUO
pFODLUDJHSXEOLFGDQVODUpJLRQGXEpOLHU
(OHFWULILFDWLRQGHVYLOODJHVGHOD5pJLRQ1NORLGMR.SOHNUR$NDIRXNUR'RXJED$ND'MHPHOHNUR%ULQJDNUR%pULDERXNUR%RIUHERHW
<DSNDER6DNDVVRX
([WHQVLRQGXUpVHDXpOHFWULTXHG
$QJRGDSRWHDX[
3URPRXYRLUODUHFKHUFKHHWOHGpYHORSSHPHQWGDQVOHGRPDLQHGXORJHPHQWHWGHVpTXLSHPHQWVFROOHFWLIVGDQVODUpJLRQGXEpOLHU
5pDOLVHUGHVpWXGHVWRSRJUDSKLTXHVHWpODERUDWLRQGHVGRVVLHUVWHFKQLTXHVGHVWHUUDLQVGHODUpJLRQj7LpELVVRXHW7RXPRGL
$FTXpULUGHVDSSDUHLOVHWGXPDWpULHOWKpUDSHXWLTXHGDQVODUpJLRQGXEpOLHU
$FTXLVLWLRQGHPDWpULHOVELRPpGLFDX[SRXUOHVFHQWUHVGHVDQWpGH7RWRNURHW%pULDERXNUR
(TXLSHPHQWGHV&HQWUHVGHVDQWpG
$VVp0ER$ND.RXDPpNURHW*ERQWL6pUpPpHQPDWpULHOELRPpGLFDO
'pYHORSSHUGHVGLVSHQVDLUHVHWGHVPDWHUQLWpVGDQVODUpJLRQGXEpOLHU
&RQVWUXFWLRQGHWURLVPDWHUQLWpVj$VVDNUD$PDQ6DOqNURHW.RXDVVL.RQJRNUR
&RQVWUXFWLRQGHGHX[PDWHUQLWpVGDQVOHVYLOODJHVGH/RPRQRUGHW*ERKXD
&RQVWUXFWLRQGHGL[ORJHPHQWVSRXUOHSHUVRQQHOGHVDQWpGDQVOHVYLOODJHVGH$ERXDNDNUR2XPRLQVRX*ERQWL$VVLKXH1JRP$VVDNUD
$PDQ6DOHNUR.RXDVVL.RQJRNUR7ROODNURHW$VVqPER
&RQVWUXFWLRQGHWURLVFHQWUHVGHVDQWpGDQVOHVYLOODJHVGHNRNURNRXDVVLNUR$VVLKXpHW1
*XHVVDQEDNUR
&RQVWUXFWLRQGHFHQWUHVGHVDQWpGDQVOHVYLOODJHVGH1JRP$OODQLNUR1]LVVLqVVRX7RWRNUR
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
&RQVWUXFWLRQG
XQFHQWUHGHVDQWpj7ROODNUR
&RQVWUXFWLRQHWUpKDELOLWDWLRQGHFHQWUHVGHVDQWpGDQVOD5pJLRQGX%pOLHUFHQWUHVGHVDQWpjFRQVWUXLUH&68jUpKDELOLWHU
&RQVWUXFWLRQGHORJHPHQWVVRFLDX[SRXUOHSHUVRQQHOGHVDQWpGDQVOHVYLOODJHVGHOD5pJLRQORJHPHQWV
5pKDELOLWDWLRQGHV0DWHUQLWpVGH1JX\DNURHWGH<DDNUR
&RQVWUXFWLRQG
XQ&HQWUHGH6DQWp8UEDLQj%ROL
5pKDELOLWDWLRQGHVGLVSHQVDLUHVGH7RQWRQRX.RIILNURHWGH1JRLPER
&RQVWUXFWLRQGHORJHPHQWVVRFLDX[SRXUOHSHUVRQQHOGHVDQWpj<DDNUR%RQLNUR7RWRNUR.RVVRX1GD.RXDVVLNUR.URNR.RXDVVLNUR$VVLQ]pHW
$NDNRXDPpNUR
'pYHORSSHUGHVVHUYLFHVGHPpGHFLQHJpQpUDOHGDQVODUpJLRQGXEpOLHU
&RQVWUXFWLRQGHOD&O{WXUHGX0pGLFRVFRODLUHGH7RXPRGL
(TXLSHPHQWGX0pGLFRVFRODLUHGH7RXPRGLHQ0RELOLHUVGHEXUHDX%XUUHWRXUFKDLVHVYLVLWDUPRLUHVIDXWHXLOVDJHQWVWDEOHGH
UpXQLRQFKDLVHVUHPERXUpHVWDEOHDX3DGH[EDQFV
'pYHORSSHUGHVVHUYLFHVFXOWXUHOVGDQVODUpJLRQGXEpOLHU
&RQVWUXFWLRQGHIR\HUVSRO\YDOHQWVGDQVOHVFKHIVOLHX[GHVRXVSUHIHFWXUHHWYLOODJHVGHODUHJLRQIR\HUVSRO\YDOHQWV
&RQVWUXFWLRQGHTXDWUHIR\HUVj$OORFRNUR0RXJQDQ$VVp1JXDWWDNURHW1JRXLPER
HQVHLJQHPHQWVHFRQGDLUHGDQVODUpJLRQGXEpOLHU
&RQVWUXFWLRQGHEORFVDGPLQLVWUDWLIVGDQVOHVFROOqJHVHWO\FpHVGHOD5pJLRQEORFVDGPLQLVWUDWLIVNSRXpER5DYLDUW$QJRGD%RQLNUR0RORQRX
&RQVWUXFWLRQGHGHX[EkWLPHQWVGHTXDWUHVDOOHVGHFODVVHDXO\FpH&2)),*$'($8GH7LpELVVRXHWDXO\FpHGH7Lp1GLpNUR
&RQVWUXFWLRQGHTXDWUHVDOOHVGHFODVVHDXO\FpHGH7Lp1
'LpNURHW$FKqYHPHQWGHWURLVVDOOHVGHFODVVHDXO\FpHGH.RNXPER
&RQVWUXFWLRQGHVDOOHVVSpFLDOLVpHVGDQVOHVFROOqJHVGH/RPRNDQNURGH%RQLNURHWOHVO\FpHVGH'MpNDQRXHWG
$EOL
&RQVWUXFWLRQGHGHX[EORFVGHWRLOHWWHVDXO\FpH&DPLOOH$OOLDOLGH7RXPRGLHWDX&ROOqJHGH0RORQRX
$FTXLVLWLRQGHWDEOHVEDQFVSRXUOHVO\FpHVGHOD5pJLRQ'MpNDQRX7RXPRGL7LpELVVRX'LGLpYL.RNXPER7Lp1GLpNURHW&DPLOOH$OOLDOL
7RXPRGL
'pYHORSSHUO
HQVHLJQHPHQWSUppOpPHQWDLUHGDQVODUpJLRQGXEpOLHU
&RQVWUXFWLRQG
XQEkWLPHQWGHGHX[VDOOHVGHFODVVHV%XUHDXDXMDUGLQG
HQIDQWVG
$QRNRL'MH]RXGH%ROL
&RQVWUXFWLRQG
XQEkWLPHQWGHGHX[VDOOHVGHFODVVHV%XUHDXDXMDUGLQG
HQIDQWVGH$QLNUR.DGLRNUR
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODUpJLRQGXEpOLHU
&RQVWUXFWLRQGHFDQWLQHVVFRODLUHVGDQVOHVpFROHVSULPDLUHVGHOD5pJLRQ
&RQVWUXFWLRQGHEkWLPHQWVGHWURLVVDOOHVGHFODVVHVEXUHDX[GDQVOHVpFROHVSULPDLUHVSXEOLTXHVGHVYLOODJHVGHODUpJLRQ
&RQVWUXFWLRQGHFDQWLQHVVFRODLUHVGDQVOHVpFROHVSULPDLUHVSXEOLTXHVGH/DOLqNURHW0ERXpGLR
&RQVWUXFWLRQGHEkWLPHQWVGHWURLVVDOOHVGHFODVVHGDQVOHVpFROHVSULPDLUHVSXEOLTXHVGHVYLOODJHVGH*EDQJERVVRX0ERXpGLRNSqER
NDQJUDVVRX1JRXDQ$PRLQNUR$VVRXDNUR.RVVRX$NRXNUR$VVRNR1JXHVVDQNURHW.RQDQVXLNUR
$FKqYHPHQWGHVWUDYDX[GHFRQVWUXFWLRQG
XQEkWLPHQWGHWURLVVDOOHVGHFODVVHj7RQWRQRX
$FTXLVLWLRQGHWDEOHVEDQFVSRXUOHVpFROHVSULPDLUHVSXEOLTXHVGHODUpJLRQ
&RQVWUXFWLRQGHEkWLPHQWVGHWURLVVDOOHVGHFODVVHVEXUHDXGDQVOHVpFROHVSULPDLUHVGXGHSDUWHPHQWGHWRXPRGL
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
&RQVWUXFWLRQHWUpKDELOLWDWLRQGHEkWLPHQWVGHWURLVVDOOHVGHFODVVHHWGHEXUHDX[GDQVOHVpFROHVSULPDLUHVGHOD5pJLRQGX%pOLHU
FRQVWUXFWLRQVHWUpKDELOLWDWLRQ
$FKqYHPHQWGHGHX[EkWLPHQWVGHWURLVVDOOHVGHFODVVH%XUHDXj$NDNUR1JEDQHWj*ERILD
&RQVWUXFWLRQGHEkWLPHQWVGHWURLVVDOOHVGHFODVVHEXUHDX[GDQVOHVpFROHVSULPDLUHV3XEOLTXHVGH1JEDQ%pGUHVVRX%RQLDQNUR
$\HQJULPER$WWLpJRXDNUR%RQLNUR1*ORERHW2NR
&RQVWUXFWLRQGHODWULQHVGHWURLVFDELQHVGDQVOHV(33GH7DILVVRX*ERILD1JXHVVDQEDNUR1LHQNURHW$QRNRL'MH]RX
HQVHLJQHPHQWVHFRQGDLUHGDQVODUpJLRQGXEpOLHU
&RQVWUXFWLRQGHVDOOHVVSpFLDOLVpHVGDQVOHVFROOqJHVGHOD5pJLRQ
(TXLSHPHQWGHVFDQWLQHVGHVFROOqJHVGH/RPRNDQNUR0RORQRXHW$QJRGD
$FKqYHPHQWGHVWUDYDX[GHFRQVWUXFWLRQGXFROOqJHPRGHUQHGH'LGDNRXDGLRNUR
$FKqYHPHQWGHVWUDYDX[GH&RQVWUXFWLRQG
XQORJHPHQWVRFLDODX&ROOqJHGH/RPRNDQNUR
&RQVHLO5pJLRQDOGX*RQWRXJR%RQGRXNRX
3HUVRQQHO
$VVXUHUOHWUDLWHPHQWVDODULDOGXSHUVRQQHOGXFRQVHLOUpJLRQDOGHJRQWRXJR
$VVXUHUOHWUDLWHPHQWVDODULDOGXSHUVRQQHOGXFRQVHLOUpJLRQDOGH*RQWRXJR
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGXFRQVHLOUpJLRQDOGHJRQWRXJR
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODUHJLRQGH*RQWRXJR
,QYHVWLVVHPHQWV
'pYHORSSHUOHVDXWUHVVHUYLFHVJpQpUDX[GDQVODUpJLRQGHJRQWRXJR
$FTXLVLWLRQGH7URLVYpKLFXOHVSRXUOHVVHUYLFHVGHOD5pJLRQSKDVH
'pYHORSSHUOHVVHUYLFHVJpQpUDX[GHSODQLILFDWLRQHWGHVWDWLVWLTXHVGDQVODUpJLRQGHJRQWRXJR
7UDYDX[GHUHQIRUFHPHQWGXUpVHDXpOHFWULTXHGHVEXUHDX[GX&RQVHLO5pJLRQDO
'pYHORSSHUOHVVHUYLFHVGHSROLFHGDQVODUpJLRQGHJRQWRXJR
&RQVWUXFWLRQGHODFO{WXUHGXEkWLPHQWjXVDJHGHEXUHDXSRXUOD*HQGDUPHULHGH%RQGRXNRX7UDYDX[FRPSOpPHQWDLUHV
&RQQH[LRQDXUpVHDXpOHFWULTXHGHVEXUHDX[GHVJHQGDUPHULHVGH7DQGD6RUREDQJR7DEDJQH/DRXGL%k%RQGRXNRX6DQGpJXpHW7UDQVXD
$FTXLVLWLRQGHPRELOLHUVSRXUOHVVHSW%XUHDX[GHJHQGDUPHULHUpDOLVpVSDUOH&RQVHLO5pJLRQDO
'pYHORSSHUOHVWUDQVSRUWVURXWLHUVGDQVODUpJLRQGHJRQWRXJR
&RQVWUXFWLRQG
RXYUDJHVGHIUDQFKLVVHPHQWGDQVOD5pJLRQ.RUpD6RXURPDQL$PSRXQRX*DQNUR$ERNRXPDQ.URNREDQJR'LQJEL.DQGHQD
*RO\*XLPLQL7DEDJQH$PDQYL%LUDRXGL1pJUp1DJDUpHW/pQDJDUp7DRXGLSRQWV
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
'pYHORSSHUO
DOLPHQWDWLRQHQHDXGDQVODUpJLRQGHJRQWRXJR
5pDOLVDWLRQGHFKkWHDX[G¢HDXGDQVOD5pJLRQ$SSLPDQGRXP3LQGD%RURNR<DRNRNRURNRHW'LQDRXGL
5pDOLVDWLRQGHGL[IRUDJHVpTXLSpVGHSRPSHVjPRWULFLWpKXPDLQHGDQVOHVYLOODJHVGHOD5pJLRQ6DQJXLHERVS6RUREDQJR%RWLDPDVS
<RURERGL0RULGRXJRXVS6DQGpJXp*EDQpVS7DEDJQH.UpELR.HVVLpVS$SSLPDQGRXP'MDWRNUR.RXQ)DR'MLPSUHGRXR/DRXGL%k*EUpGDVS
6DSOL6HSLQJR'MDQGRXEDQJRVS7LqGLRHW0DJDPVS7DEDJQH
5pDOLVDWLRQGHGL[IRUDJHVpTXLSpVGHSRPSHVjPRWULFLWpKXPDLQHGDQVOHVYLOODJHVGHOD5pJLRQ6LHNRXD\HVS6RUREDQJR)DNDOD6S
/DRXGL%k.RIILEDQJR6S'LDPED$GRXEDQJR6S'LDPED'DOpZDUp6S<RURERGL7RNDQJD6S<RURERGL2XDWWp6S.RXQ)DR$OLNRXDVVXp6S
7LHQNRLNUR6DQDQJD6S<p]LPDODHW'DULNRXVVRX6S/DRXGL%k
'pYHORSSHUO
pFODLUDJHSXEOLFGDQVODUpJLRQGHJRQWRXJR
(OHFWULILFDWLRQGHTXDWRU]HYLOODJHVGDQVOD5pJLRQ1DJDEDUp=HOPDQ<DRNRNRURNR.DQGHQD7DODKLQL7RPRUD6RJR9DJQH$JXLQGD'MRP
$ERQJXL*EDQp$WWUDPp*XLQDQNUR/RJRQp.RWLRHW7DQRKNRIILNUR
$FTXpULUGHVDSSDUHLOVHWGXPDWpULHOWKpUDSHXWLTXHGDQVODUpJLRQGHJRQWRXJR
(TXLSHPHQWHQPDWpULHOVELRPpGLFDX[GHVPDWHUQLWpVG
,JXHODHWGH7DJDGL6SGH7DJDGLHWGHVFHQWUHVGHVDQWpGDQVOHVYLOODJHVGH
.RKRGLR6S7DJDGL*EDQJER636DQGpJXp.LUDPLVVp6SGH7DRXGL.DPDOD6S7DJDGLHW.LHQGLZROpRJR636RUREDQJR
'pYHORSSHUGHVVHUYLFHVKRVSLWDOLHUVJpQpUDX[GDQVODUpJLRQGHJRQWRXJR
&RQVWUXFWLRQG¢XQEkWLPHQWKRVSLWDOLHUSRXUO¢K{SLWDO*pQpUDOGH.RXQ)DR
'pYHORSSHUGHVGLVSHQVDLUHVHWGHVPDWHUQLWpVGDQVODUpJLRQGHJRQWRXJR
&RQVWUXFWLRQG
XQHPDWHUQLWpj,JXHODHWKXLWFHQWUHVGHVDQWpGDQVOHVYLOODJHVGH.RKRGLRVS7DJDGL*EDQJERVS6DQGHJXH6DQOR
VS<RURERGL.UHELR$GRXPNURPVS$SSLPDQGRXP'RPDQEDQJRVS'LDPED%DRXOHNRIILNURVS.RXDVVLD1LDJXLQL.LHQGL:ROHRJRVS6RUREDQJRHW
6RQJRULVS%RQGRXNRXHWUpKDELOLWDWLRQGXFHQWUHGHVDQWpGH1
*XHVVDQ%ULQGRXNURVS7LHQNRLNUR
&RQVWUXFWLRQGHVHSWFHQWUHVGHVDQWpGDQVOHVYLOODJHVGH'XH]Xp6SGH'LPDQGRXJRX1DQJERGRQJERVS.RXDVVL'DWpNUR<RPDQNUR
63NRXQ)DR7DODKLQL7RPRUD63VDQGpJXp.UHELR$GRXPNURP63$SSLPDQGRXP%DRXOpNRIILNUR63.RXDVVLD1LDJXLQLHW<DRWURNUR63
.RXDVVL'DWpNUR
&RQVWUXFWLRQGHORJHPHQWVVRFLDX[SRXUDJHQWVGHVDQWpGDQVOHVYLOODJHVGHOD5pJLRQ'DOpZDUp6S<RURERGL,JXHODVS7DQGD.RKRGLR6S
7DJDGL*EDQJER636DQGpJXp.LUDPLVVpVS7DRXGL.LHQGLZROpRJR636RUREDQJR7DJDGLHW*RQGLDVS7LqGLR
5pKDELOLWDWLRQG
XQORJHPHQWVRFLDOSRXUDJHQWGHVDQWpGDQVOHYLOODJHGH6DSLD
HQVHLJQHPHQWVHFRQGDLUHGDQVODUpJLRQGHJRQWRXJR
&RQVWUXFWLRQGHTXDWUHFROOqJHVGDQVOHV6RXVSUpIHFWXUHV7DQNHVVp7LpGLR$PDQYLHW7LHQNRLNURGDQVOH'pSDUWHPHQWGH7DQGD
&RQVWUXFWLRQGX&ROOqJH0RGHUQH5pJLRQDOGH%RQGRXNRX
&RQVWUXFWLRQGHTXDWUHFROOqJHVGDQVOD5pJLRQ)ODNLqGRXJRX63/DRXGL%k7DJDGL637DJDGL'LDPED63'LDPEDHW%RDKLD63
%RDKLD
&RQVWUXFWLRQGHWURLV&ROOqJHV0RGHUQHVGDQVOHV6RXVSUpIHFWXUHVGH'LPDQGRXJRX<RURERGLHWGH%DQGDNDJQL7RPRUD'pSDUWHPHQWGH
6DQGpJXp
(TXLSHPHQWHQPLOOHWDEOHEDQFVSRXUOHVpWDEOLVVHPHQWVVHFRQGDLUHVHWSURIHVVLRQQHOVSXEOLFVGHOD5pJLRQ.RXDVVLD1LDJXLQL
$PDQYL7LHQNRLNUR6RUREDQJR6DSOL6HSLQJR$SSLPDQGRXP.RXQ)DR6DQGpJXpHW7UDQVXD
&RQVWUXFWLRQGHODFO{WXUHGX&ROOqJH0RGHUQH5pJLRQDOGH%RQGRXNRX7UDYDX[FRPSOpPHQWDLUHV
5pKDELOLWDWLRQG
XQEkWLPHQWjpWDJHDX&ROOqJH0RGHUQHGH%RQGRXNRX
HQVHLJQHPHQWVHFRQGDLUHGDQVODUpJLRQGHJRQWRXJR
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
&RQVWUXFWLRQGHQHXIEkWLPHQWVGHWURLVFODVVHVGDQVOHV/\FpHVHW&ROOqJHV0RGHUQHVGHOD5pJLRQ7DQGD.RXQ)DR6DQGpJXp
$VVXHIU\3LQGD%RURNR.RXDVVL'DWpNUR7DEDJQH7UDQVXDHW*RXPpUp
&RQVWUXFWLRQDFKqYHPHQWHWUpKDELOLWDWLRQGHEkWLPHQWVDGPLQLVWUDWLIVGDQVGHVpWDEOLVVHPHQWVVHFRQGDLUHVSXEOLFVGHOD5pJLRQ3LQGD%RURNR
%RQGRXNRX7UDQVXD7DRXGL/DRXGL%k<H]LPDODHW6DQGpJXp
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODUpJLRQGHJRQWRXJR
&RQVWUXFWLRQGHWURLVEkWLPHQWVGHWURLVFODVVHVDYHFEXUHDXGDQVOHVYLOODJHVGHOD5pJLRQ$EULNRNUR'DGLDVVp6S7UDQVXD
$GMpLEDQJRVS$PDQYLHW'DQJXLUDVS6RUREDQJR
&RQVWUXFWLRQGHGL[EkWLPHQWVGHWURLVFODVVHVDYHFEXUHDXGDQVOHVYLOODJHVGHOD5pJLRQ6DNSDWURX6S7DRXGL7DPEL6S
6RUREDQJR7DNLNUR637LHQNRLNUR.DUDEHQJXp637DQGD%LUDRXGL63%RQGR7DJDGL637DJDGL'DGLDVVp63$VVXpIU\*EDQKXL63/DRXGL%k
1
GHWLHVVR6RNRXUD637UDQVXDHW6DSOL636DSOL6HSLQJR
&RQVWUXFWLRQGHKXLWEkWLPHQWVGHWURLVFODVVHVDYHFEXUHDXGDQVOHVYLOODJHVGHOD5pJLRQ6RUREDQJR6S6RUREDQJR%RXDWLDVS
*RXPpUp<DRERXRVS7DQGD,QVHELVS$PDQYL%DQGDNDJQL7RPRUDVS%DQGDNDJQL7RPRUD<RERXDNUR6S.RXQ)DR)DNDOD/DRXGL%kHW$ERNUR
6S.RXQIDR
(TXLSHPHQWHQWDEOHEDQFVDUPRLUHVWDEOHVGHPDvWUHSRXUOHVpWDEOLVVHPHQWVSULPDLUHVSXEOLFVGHOD5pJLRQ6LDQOL'MLPLQL%RDKLD
'MLPSRXQLQGRXR6DNSDWURXHW)RGMD
&RQVWUXFWLRQGHVHSWEkWLPHQWVGHWURLVFODVVHVDYHFEXUHDXGDQVOHVYLOODJHVGHOD5pJLRQ%ROL%UDKLPDQGRXJRXVS7LpGLR
$VVRXPDQEDQJRVS'LDPEUD'LPDQGRXJRX.DQJDNUR6S.RXQ)DR'DELOD\R6S$PDQYL0DQWRXNRXD6S*RXPpUpHW3HWLW$ELGMDQ6S.RXQ)DR
5pKDELOLWDWLRQGHVL[EkWLPHQWVGHWURLVFODVVHVj$GRXNURVS.RXQ)DR*RXPpUp'MREUL%RNRQL*EDQJURXPDQHW%RIIRXRNUR6S
7DQNHVVp
&RQVWUXFWLRQGHORJHPHQWVVRFLDX[SRXUOHVHQVHLJQDQWVGXSULPDLUHGDQVOHVYLOODJHVGH=DJDODVS6RUREDQJR*XLPLQL63%RQGRXNRX
.LHQGLKXLVVpUpVS6RUREDQJR<RPDQNUR6SGH.RXQ)DR6RJRER6S%RQGRXNRXHW.DPDOD6S7DJDGL3DOD6S6DQGpJXpERKXL6S
$SSLPDQGRXP6LDJR6S*RXPpUp'HLPED6S7LHQNRLNURHW0DJDP6S7DEDJQH
3URWpJHUOHVIDPLOOHVHWOHVHQIDQWVGDQVODUpJLRQGHJRQWRXJR
&RQVWUXFWLRQGHVFO{WXUHVGHVFHQWUHVGHSURWHFWLRQGHODSHWLWHHQIDQFHGH7DEDJQHHWG
$PDQYL
(TXLSHPHQWGXFHQWUHGHSURWHFWLRQGHODSHWLWHHQIDQFHG
$PDQYLHQPDWpULHOVGLYHUV
&RQVHLO5pJLRQDOGHO
,IIRX'DRXNUR
3HUVRQQHO
LIIRX
$VVXUHUOHWUDLWHPHQWVDODULDOGXSHUVRQQHOGX&RQVHLO5pJLRQDOGHO
,IIRX
7UDQVIHUWV
LIIRX
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODUHJLRQGHO
,IIRX
,QYHVWLVVHPHQWV
'pYHORSSHUGHVVHUYLFHVGHUDGLRGLIIXVLRQGHWpOpYLVLRQHWG¢pGLWLRQGDQVODUpJLRQGHO
LIIRX
$PpQDJHPHQWGHVEXUHDX[GHODUDGLRUpJLRQDOH
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
'pYHORSSHUOHVWUDQVSRUWVURXWLHUVGDQVODUpJLRQGHO
LIIRX
2XYHUWXUHGHNPGHURXWHGDQVOD5pJLRQ7LRNRQRX.RIIL$NDNURNP.RXDVVLNURSUL1
JRGMRXNP%REOHQRX.RQDQGL1
GDNURNP
$WWRXPDER$IIRXQYDVVRXNP$GLDNSqPL2XHOOp3ULNURNP
5HSURILODJHORXUGGHNPGHURXWHHWWUDLWHPHQWGHSRLQWVFULWLTXHVGDQVOD5pJLRQ.RIIL$PRQNUR$OOXLQDPRXHQRX$VVRXPRX
.RXDVVLNUR1DIDQDNP&DUUHIRXU%pWLp<DRNUR.RQDQGLNURNP%HWLp3qUq3HGHRXDNP$OORNRNUR$JQL$VVLNDVVRX%LWXPH%HQDQRXNP
'DRXNUR$NULQJRXDHWFDPSHPHQWVNP%LWXPH1
WqNqOqIqNP.RIIL$NDNUR$KRXDQ%RYRLQVRX$KRXDQ'HEDUFDGqUHNP$KRXDQ
%RYRLQVRX6DPDQ]DNP&RPRp1
JRXD$NSRNUR.SpWUpNUR6FDINP.SpWUpNUR&DUUHIRXU.RQLHQ.RXDPpNURNP
%LWXPH'MHGRXDER'RXWLNUR.RXDNRXVVqNUR3DQLJRNURNP1
GMRUHNUR1
]L1DPRXHQRXNP&DUUHIRXU.RXDPp
$NHVVHNUR)qWqVVRX.RXDPHNUR'DORXHER7UDKDQKRXOHWNP.RXDVVLNUR.RQRPLQRX%D\DVVL:DOqERNP.RQRPLQRX1
]L1DPRXHQRXNP
%RQJXHUD'RQGRQL1
GRGRXJRX0DQLGRXJRX6DQGRXJRX.RVVLDNP
'pYHORSSHUOHORJHPHQWGDQVODUpJLRQGHO
LIIRX
&RQVWUXFWLRQGHORJHPHQWVVRFLDX[GDQVOD5pJLRQ$VVDEOL.RPHQDQNUR1
JRGMRX0DUWLQNUR2XDNDEHVVL$GMpNUR.RXDGLR.RXDVVLNUR
.RPHQDQ\DRNUR1
*XHVVDQNUR3DQLJRNUR2XHOOpHW6DPDQ]D
&RQVWUXFWLRQGHORJHPHQWVVRFLDX[GDQVODUpJLRQ$JQL$VVLNDVVRX$OODQJRXDVVRX%HQLDQ'DGLpNUR'DRXNUR'MHGRXDER'DGLpNUR
0
EDKLDNUR)RXWRX.RXWRXNRXQRX.RXDNRXVVqNUR.RQGRVVRX/DJRXNUR1
JDWWDNUR3RWRVVRXHW7pWHVVL
&RQVWUXFWLRQG
XQORJHPHQWVRFLDOj0RURNUR
'pYHORSSHUO
LIIRX
&RQVWUXFWLRQGHIRUDJHVpTXLSpVjPRWULFLWpKXPDLQHGDQVYLOODJHVGHODUpJLRQ$OORNRNUR$WRNUR$VVDFPRHNUR%RULEDQD
.RXDGLR1GULNUR/DJRXNUR/LQGRXNUR1DQJRNURVS(WWURNUR2NRXNUR6DUDNDNUR7FKRXPRXNURHW=DQ]DQVRX
&RQVWUXFWLRQGHIRUDJHVpTXLSpVGHSRPSHVjPRWULFLWpKXPDLQHGDQVYLOODJHVGHOD5pJLRQ
'pYHORSSHUO
LIIRX
5DFFRUGHPHQWGHIR\HUVGHMHXQHVDXUpVHDXpOHFWULTXH$JQL$VVLNDVVRX$QRXPDER.RQJRWL.DWLPDQVRX.RXDNRXVVqNUR.RIIL$PRQNUR
2XHOOp3HSUHVVRXHW=DQ]DQVRX
'pYHORSSHUOHVpTXLSHPHQWVFROOHFWLIVGDQVODUpJLRQGHO
LIIRX
3URGXFWLRQGHWURLVFHQWVRL[DQWHORWVYLDELOLVpHVSRXUODUpJLRQ
$FTXLVLWLRQGHKHFWDUHVGHUpVHUYHVIRQFLqUHVSRXUODUpJLRQ
$FTXpULUGHVDSSDUHLOVHWGXPDWpULHOWKpUDSHXWLTXHGDQVODUpJLRQGHO
LIIRX
(TXLSHPHQWGHFHQWUHVGHVDQWpHQPRELOLHUGHEXUHDX$PRLNRQNUR$ELGMDQ.RQJRGMDQ'HQJEq'DRXOqER,IIRXQRXHW2XDNDEHVVL
LIIRX
&RQVWUXFWLRQGHTXDWUHGLVSHQVDLUHVGDQVODUHJLRQGHQJEq,IIRXQRXNRIILDNDNURHWRXHOOHSURNUR
(TXLSHPHQWGHPDWHUQLWpVUXUDOHVGHOD5pJLRQHQPDWpULHOVPpGLFDX[HWELRPpGLFDX[1DIDQD.RXDVVLNUR*EDQJER1¢GDNURNRQGRVVRX
$OODQJRXDVVRX.RXDNRXVVqNUR.RIIL$PRQNUR1
JDWWDNUR$JQL$VVLNDVVRX.RQLHQ.RXDPpNUR)RXWRX.RIILHSUL6DKqERHW3RWRVVRX
&RQVWUXFWLRQG
XQGLVSHQVDLUHj0RURNUR
'pYHORSSHUO
LIIRX
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
&RQVWUXFWLRQGHFDQWLQHVVFRODLUHVGDQVOHVYLOODJHVG
$QRXPDER$GL<DSLNUR$WWRXPDER$OODQJRXDVVRX$NSDVVDQRX$PDQNUR$GLNDQNUR
$NHVVpNUR%pWLp%R\DER&RPRH1
JRXD*ROL1¢]LNUR0¢EDKLD\DRNUR6RQDQRX6DQGRXJRX.RVVLDHW<DSL%RQLNUR
&RQVWUXFWLRQGHEkWLPHQWVGHFODVVHVDYHFEXUHDX[GDQVOHVpFROHVSULPDLUHVGHYLOODJHV$OORNRNUR$NDNUR'DRXNUR
$ND&RPRHNUR$WWRNUR.DQGROL.RXDVVLNUR'MRQNUR'DLJEDL%D\DQRX+{SLWDO.RIIL$NDNUR)ORORQRX3ODWHDXHW6DUDNDNUR
5pKDELOLWDWLRQGHEkWLPHQWVGHFODVVHVHWEXUHDX[GDQVOHVpFROHVSULPDLUHVSXEOLTXHVGH.RGL$QGR.RQDQ0DUWLQ$NSDVVDQRX
%HQGLqNRPHQDQNURHW0RXVVREDGRXJRX
&RQVWUXFWLRQGHFODVVHVHWEXUHDXGDQVpFROHVSULPDLUHVGHOD5pJLRQ$NSRXp%RXpHW7RWRGRXJRX
5pKDELOLWDWLRQGHVDOOHVGHFODVVHHWGHEXUHDX[GLUHFWHXUVGDQVOHVpFROHVSULPDLUHVGH0
EDKLD<DRNURHW6DQGRXJRX.RVVLD
5pKDELOLWDWLRQGHVpFROHVSULPDLUHVGH1DQJRNUR%DwPL1
]L1
]LEOpNURHW%R\DER
&RQVWUXFWLRQGHVDOOHVGHFODVVHHWEXUHDX[GLUHFWHXUVGDQVpFROHVSULPDLUHVSXEOLTXHVGHOD5pJLRQ$QJRXDNUR$VVRXDGLp%HQDQRX
%RULEDQD.RPLHQNUR.SpWUpNUR'MHGRXDER63GH'DRXNURHW<DERXDNLNUR
&RQVWUXFWLRQGHVDOOHVGHFODVVHHWEXUHDX[GLUHFWHXUVGDQVpFROHVSULPDLUHVGHOD5pJLRQ(WWLHQ(JXHVVDQNUR$Q]DQ.RXDPpNUR
*ERGRVVRX$IIRGMD.DPLNUR.RGL$QDQGD%URXNUR=DQKRXNUR.RNRVVRXHW$GLDRX
LIIRX
(TXLSHPHQWGHVL[FROOqJHVjEDVHGHOD5pJLRQHQPLOOHQHXIFHQWTXDUDQWHTXDWUHWDEOHVEDQFVHWVRL[DQWHGRX]HEXUHDX[
7UDYDX[GHWHUUDVVHPHQWGDQVVL[ORFDOLWpVGHOD5pJLRQSRXUODFRQVWUXFWLRQGHVL[FROOqJHVjEDVH
&RQVWUXFWLRQGHVL[FROOqJHVjEDVHGDQVVL[ORFDOLWpVGHOD5pJLRQ
'pYHORSSHUOHVVHUYLFHVGHSURWHFWLRQFLYLOHGDQVODUpJLRQGHO
LIIRX
$PpQDJHPHQWGHODFRXUGX&HQWUHGH6HFRXUVG
8UJHQFHGH'DRXNUR
&RQVWUXFWLRQG
XQ&HQWUHGH6HFRXUVG
8UJHQFHj'DRXNUR
'pYHORSSHUOHVDXWUHVVHUYLFHVJpQpUDX[GDQVODUpJLRQGHO
LIIRX
$FTXLVLWLRQG
XQYpKLFXOHGHWRXUQpHSRXUOHVVHUYLFHVGHOD5pJLRQ
$FTXLVLWLRQGHPRELOLHUVGHEXUHDXSRXUOHVVHUYLFHVGHOD5pJLRQ
&RQVWUXFWLRQG
XQJDUDJHSRXUOHVHQJLQVGH7UDYDX[3XEOLFVGHOD5pJLRQ
&RQVHLO5pJLRQDOGX3RUR.RUKRJR
3HUVRQQHO
$VVXUHUOHWUDLWHPHQWVDODULDOGXSHUVRQQHOGXFRQVHLOUpJLRQDOGXSRUR
$VVXUHUOHWUDLWHPHQWVDODULDOGXSHUVRQQHOGX&RQVHLO5pJLRQDOGX3RUR
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGXFRQVHLOUpJLRQDOGXSRUR
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODUHJLRQGX3RUR
,QYHVWLVVHPHQWV
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
$FTXpULUGHVDSSDUHLOVHWGXPDWpULHOWKpUDSHXWLTXHGDQVODUpJLRQGXSRUR
(TXLSHPHQWHQPDWpULHOVELRPpGLFDX[GXEORFRSpUDWRLUHGHO
K{SLWDOJpQpUDOGH'LNRGRXJRX
(TXLSHPHQWHQPDWpULHOVELRPpGLFDX[GHVFHQWUHVGHVDQWpGH%RXJRX63%RXJRX%LQJXHERXJRX63.RUKRJR7DKRXDUD63.RUKRJR
.LpUp63.DQRUREDHW.RNR631DSLp
(TXLSHPHQWHQPDWpULHOVELRPpGLFDX[GHTXDWUHFHQWUHVGHVDQWpj3LWLHQJRPRQ.RPERORNRUR631LRIRLQ3HJQDQNDKD636LQpPDWLDOL
1RQILJXHNDKD63.DJERORGRXJRX
'pYHORSSHUOHVVHUYLFHVJpQpUDX[GHSODQLILFDWLRQHWGHVWDWLVWLTXHVGDQVODUpJLRQGXSRUR
(WXGHGHSURMHWVGHGpYHORSSHPHQWSODQGHGpYHORSSHPHQWUpJLRQDO
'pYHORSSHUGHVGLVSHQVDLUHVHWGHVPDWHUQLWpVGDQVODUpJLRQGXSRUR
&RQVWUXFWLRQGHVHSWORJHPHQWVSRXUOHSHUVRQQHOGHVDQWpGDQVODUpJLRQGX3RUR0DUKD63%RURQ1DPELUD630
EHQJXp%rYRJR
63.RUKRJR=DQJDKD631DIRXQ2GLD6S1DIRXQ1RQJRWLpQpNDKD3D\VDQNDKD
5pKDELOLWDWLRQGHFLQTFHQWUHVGHVDQWpUXUDX[j%RXJRX63%RXJRX%LQJXHERXJRX63.RUKRJR7DKRXDUD63.RUKRJR.LpUp63
.DQRUREDHW.RNR631DSLp
&RQVWUXFWLRQGHGL[ORJHPHQWVSRXUOHSHUVRQQHOGHVDQWpGDQVODUpJLRQGX3RURj1RJRWDKD63'LNRGRXJRX)DSDKD6S.RUKRJR2GLD
631DIRXQ*DPD63.DQRURED6DQGUHJXp630
EHQJXp/DYRQRQNDKD6S.DUDNRUR7DUDWR631LRIRLQ3LJQRQ6SNRUKRJR3HJQDQNDKD63
%DKRXDNDKD
5pKDELOLWDWLRQGHVFHQWUHVGHVDQWpUXUDX[GH3LWLHQJRPRQ.RPERORNRUR631LRIRLQ.LpUp63.DQRURED
&RQVWUXFWLRQGHGHX[FHQWUHVGHVDQWpj6DNSpOp636LUDVVRHW1RQILJXpNDKD63.DJERORGRXJRX
'pYHORSSHUGHVVHUYLFHVKRVSLWDOLHUVJpQpUDX[GDQVODUpJLRQGXSRUR
&RQVWUXFWLRQG
XQEORFRSpUDWRLUHjO
K{SLWDOJpQpUDOGH'LNRGRXJRX
HQVHLJQHPHQWVHFRQGDLUHGDQVODUpJLRQGXSRUR
&RQVWUXFWLRQGHGHX[EkWLPHQWVG
DGPLQLVWUDWLRQGHFLQTEXUHDX[FKDFXQDXFROOqJHGH.DJERORGRXJRX63.DJERORGRXJRX
&RQVWUXFWLRQGHGHX[EkWLPHQWVGHTXDWUHFODVVHVEXUHDXDYHFODWULQHVDXFROOqJHPRGHUQH7LpPRNR\DGp636LQpPDWLDOL
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODUpJLRQGXSRUR
&RQVWUXFWLRQGHVL[pFROHVSULPDLUHVj)HEHKR637LRURQLDUDGRXJRX1
JDQRQ631
JDQRQ%DKRXDNDKD63%DKRXDNDKD9RQRQORKR
630
EHQJXp=DQJEDQRX630
EHQJXpHW.DIRQRQ637LRUR
&RQVWUXFWLRQGHQHXIEkWLPHQWVGHWURLVFODVVHVEXUHDXj1DEHNRXQRXYRJR63/DWDKD2XDWWDUDGRXJRX63'LNRGRXJRX
/DKRXRURNDKD63.DJERORGRXJRX1DIRXQVS1DIRXQ<LQJQLQULNDKDVS.DQRURED6pIRQ63'LNRGRXJRX%pYRJR63.RQL
(TXLSHPHQWGHGHX[pFROHVSULPDLUHVGHODUpJLRQHQWDEOHVEDQFV(33.UDJQHQp(332E{OR
&RQVWUXFWLRQGHKXLWEkWLPHQWVGHWURLVFODVVHVEXUHDXODWULQHVGDQVOHVpFROHVSULPDLUHVGH1DJ{ULJ{7RSOHYRJR*QLQqIRORYRJR
%HUNDKD636LQpPDWLDOL7LRUWLpUL63.DWRJR'MHOLVVR631DIRXQ)RQDQYRJR63'DVVRXPJERKR
HQVHLJQHPHQWVHFRQGDLUHGDQVODUpJLRQGXSRUR
&RQVWUXFWLRQGHVHSWEkWLPHQWVGHTXDWUHFODVVHVSOXVEXUHDXGDQVOHVO\FpHVHWFROOqJHVGHODUpJLRQO\FpHV7LRURQLDUDGRXJRX
.DUDNRUR1DSLpO\FpHPRGHUQHNRUKRJR
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
&RQVWUXFWLRQGHGHX[EkWLPHQWVGHTXDWUHFODVVHVEXUHDXDYHFODWULQHVDXO\FpHPRGHUQH6RUR1
GRVVRXORX636RKRXRHWDXO\FpH
'RPLQLTXH2XDWWDUD63.RUKRJR
&RQVWUXFWLRQGHFO{WXUHVGHO\FpHVHWFROOqJHVGHODUpJLRQFROOqJHPRGHUQHGH.RUKRJRO\FpHPXQLFLSDO6LQpPDWLDOL
&RQVHLO5pJLRQDOGX1
]L'LPERNUR
3HUVRQQHO
$VVXUHUOHWUDLWHPHQWVDODULDOGXSHUVRQQHOGXFRQVHLOUpJLRQDOGXQ
=L
$VVXUHUOHWUDLWHPHQWVDODULDOGXSHUVRQQHOGX&RQVHLO5pJLRQDOGX1
=L
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGXFRQVHLOUpJLRQDOGXQ
=L
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODUHJLRQGX1
=L
,QYHVWLVVHPHQWV
'pYHORSSHUOHORJHPHQWGDQVODUpJLRQGXQ
]L
&RQVWUXFWLRQGHWURLVORJHPHQWVVRFLDX[GHWURLVSLqFHVFKDFXQj.DQRXNUR'pSGH%RFDQGD
&RQVWUXFWLRQGHVL[ORJHPHQWVVRFLDX[GHTXDWUHSLqFHVFKDFXQj%HQJDVVRX$PRURNL%URX$KRXVVRXNUR.RWRNRXQRX
%pERXVVRX'pSGH%RFDQGDHW0pNURGpSDUWHPHQWGH.RXDVVL.RXDVVLNUR
'pYHORSSHUOHVpTXLSHPHQWVFROOHFWLIVGDQVODUpJLRQGXQ
]L
$FTXLVLWLRQGHGHX[FHQWFLQTNLWVFRPSRVpVFKDFXQGHXQDEULEkFKHFLQTXDQWHFKDLVHVHQSODVWLTXHSRXUO
pTXLSHPHQWGHV
&KHIIHULHVWUDGLWLRQQHOOHV
'pYHORSSHUO
DOLPHQWDWLRQHQHDXGDQVODUpJLRQGXQ
]L
5pDOLVDWLRQG
XQV\VWqPH+9$j$GDRXGpSDUWHPHQWGH'LPERNUR
5pDOLVDWLRQG
XQV\VWqPH+9$j%URX$KRXVVRXNUR'pSDUWHPHQWGH%RFDQGD
5pDOLVDWLRQGHTXDWUHSRPSHVjPRWULFLWpKXPDLQHj1DQGpNURGpSDUWHPHQWGH.RXDVVL.RXDVVLNUR$ER1
JXHVVDQNURHW.RXDGMDQLNUR
'pSDUWHPHQWGH%RFDQGDHW)DDIRXHW(WWLHQNUR'pSDUWHPHQWGH'LPERNUR
5pDOLVDWLRQGHGHX[V\VWqPHVG
+9$j7FKLPRXNUR'pS%RFDQGDHW*XLPER1
GROLNUR'pSGH.RXDVVL.RXDVVLNUR
5pDOLVDWLRQGHWURLVV\VWqPHVG
+\GUDXOLTXH9LOODJHRLVH$PpOLRUpH+9$j.RQDQ1
GULNURHW6RXDPpNUR'pSDUWHPHQWGH%RFDQGDHW$GL
.RIILNUR'pSWGH.RXDVVL.RXDVVLNUR
'pYHORSSHUO
pFODLUDJHSXEOLFGDQVODUpJLRQGXQ
]L
(OHFWULILFDWLRQ+7$07%7GXYLOODJHG
$JED6DNLDUp'pSDUWHPHQWGH'LPERNUR
'pYHORSSHUGHVVHUYLFHVGHPpGHFLQHVSpFLDOLVpHGDQVODUpJLRQGXQ
]L
&RQVWUXFWLRQGHWURLVEkWLPHQWVSRXUOHVVHUYLFHVGH1pRQDWDORJLHGHO
$QWHQQHGH7UDQVIXVLRQ6DQJXLQHHWGX&HQWUH$QWLWXEHUFXOHX[DX
&+5GH'LPERNUR
$FTXpULUGHVDSSDUHLOVHWGXPDWpULHOWKpUDSHXWLTXHGDQVODUpJLRQGXQ
]L
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
$FTXLVLWLRQGHWURLVJURXSHVpOHFWURJqQHVGH.9$HWGHWURLVEkFKHVjHDXGHPSRXUO
pTXLSHPHQWGX&+5GH'LPERNURGX&HQWUH
GHVDQWpXUEDLQGH.RXDVVL.RXDVVLNURHWGHO
K{SLWDOJpQpUDOGH%RFDQGD
'pYHORSSHUGHVGLVSHQVDLUHVHWGHVPDWHUQLWpVGDQVODUpJLRQGXQ
]L
&RQVWUXFWLRQGHGHX[PDWHUQLWpVj%URX$KRXVVRXNUR'pSDUWHPHQWGH%RFDQGDHW'MDQJRNUR'pSDUWHPHQWGH'LPERNUR
&RQVWUXFWLRQGHFLQTORJHPHQWVVRFLDX[SRXUVDJHVIHPPHVGH'MDQJRNUR'pSDUWHPHQWGH'LPERNUR'LGD0RXHVVRX1
GR.RXDVVLNURHW
<D.RXDVVLNUR'pSDUWHPHQWGH%RFDQGDHW%RFDER'pSDUWHPHQWGH'LPERNUR
&RQVWUXFWLRQG
XQEORFGHODWULQHVjWURLVFDELQHVDXFHQWUHGHVDQWpGH7ULDQLNURGpSDUWHPHQWGH'LPERNUR
&RQVWUXFWLRQG
XQHPDWHUQLWpj$GDRX'pSWGH'LPERNUR
'pYHORSSHUO
HQVHLJQHPHQWSUppOpPHQWDLUHGDQVODUpJLRQGXQ
]L
&RQVWUXFWLRQGHTXDWUHEkWLPHQWVGHWURLVVDOOHVGHFODVVHEXUHDXGRQWWURLVjXVDJHGHFODVVHG
pFROHPDWHUQHOOHj1
]qFUq]HVVRX
'pSDUWHPHQWGH%RFDQGD0pNUR'pSDUWHPHQWGH.RXDVVL.RXDVVLNURHW'MDQJRNUR'pSWGH'LPERNURHWXQSRXUO
pFROHSULPDLUHGH.RXDVVL1
]LNUR
'pSGH%RFDQGD
&RQVWUXFWLRQGHTXDWUHEkWLPHQWVGHWURLVVDOOHVGHFODVVHEXUHDX[FKDFXQGRQWWURLVjXVDJHGHFODVVHG
pFROHPDWHUQHOOHj
1RIRX'pSDUWHPHQWGH'LPERNUR<D.RXDVVLNUR'pSDUWHPHQWGH%RFDQGDHW*XLPER1
GROLNUR'pSDUWHPHQWGH.RXDVVL.RXDVVLNURHWXQSRXUO
(33
G
$VVpUpNURGpSDUWHPHQWGH'LPERNUR
HQVHLJQHPHQWVHFRQGDLUHGDQVODUpJLRQGXQ
]L
&RQVWUXFWLRQG
XQEkWLPHQW5GHKXLWVDOOHVGHFODVVHSOXVGHX[EXUHDX[DX&ROOqJH0RGHUQHGH'LPERNUR
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODUpJLRQGXQ
]L
&RQVWUXFWLRQGHYLQJWEkWLPHQWVGHWURLVVDOOHVGHFODVVHG
pFROHSULPDLUHEXUHDXj(VVH.RXDGLRNUR.RQJRVVRX.RXDGLR.RQDQNURHW
.D\DER'pSDUWHPHQWGH'LPERNUR$OLq.ROLq1
]LNUR1
JRXDQODWq'MLQDQGMLNUR1
JDVVRNUR%RQL.RXDVVLNUR.RQJRQRXDQ*XLPER<DSLNUR'MR1
JDWWDNUR
$EpDQRX0HQRXHW'LGLDVVD'pSDUWHPHQWGH%RFDQGDHW6DKDJXLNUR$NRWLDNUR$GL.RIILNUR'LRQDQ<DKDNURHW.RQDQ2XSKRXpNUR'pSDUWHPHQWGH
.RXDVVL.RXDVVLNUR
&RQVWUXFWLRQGHWURLVEORFVGHODWULQHVjVL[FDELQHVFKDFXQSRXUOHVpOqYHVGDQVOHV(33G
$GDRXGpSGH'LPERNURG
$EpDQRXHWGH
'LGDND\DERGpS%RFDQGDHWGHTXDWUHEORFVGHODWULQHVGRXFKHSRXUOHVHQVHLJQDQWVjO
(33G
$GDRX'pSGH'LPERNURHWjO
(33G
$ERXWRXNUR
'pSGH%RFDQGD
5pKDELOLWDWLRQGHTXDWUHEkWLPHQWVGHWURLVFODVVHVEXUHDX[GX*URXSH6FRODLUH1
JDVVRNURGpSWGH%RFDQGD
$FTXLVLWLRQGHPLOOHFLQTFHQWVWDEOHEDQFVSRXUOHVpWDEOLVVHPHQWVVFRODLUHVGHOD5pJLRQ,(3'LPERNUR,(3%RFDQGD,(3
.RXDVVL.RXDVVLNUR
5pKDELOLWDWLRQGHODFDQWLQHGXJURXSHVFRODLUHGH1
JDVVRNUR'pSW%RFDQGD
5pKDELOLWDWLRQG
XQEkWLPHQWGHWURLVFODVVHVEXUHDXjO
(33GH%URX$KRXVVRXNURGpSDUWHPHQWGH%RFDQGD
&RQVWUXFWLRQGHGHX[FDQWLQHVFKDFXQHjO
(33GH%pERXVVRXHWjO
(33G
$EpDQRX'pSW%RFDQGD
'pYHORSSHUOHVDXWUHVVHUYLFHVJpQpUDX[GDQVODUpJLRQGXQ
=L
&RQVWUXFWLRQG
XQEkWLPHQWDGPLQLVWUDWLIjXVDJHGHEXUHDXj1]qFUH]HVVRX
&RQVWUXFWLRQGHTXDWUHKDQJDUVHWG
XQSDUNLQJDXWRPRELOHjOD'LUHFWLRQGHV6HUYLFHV7HFKQLTXHVHWGHV0R\HQV*pQpUDX[
7UDYDX[G
H[WHQVLRQGHVORFDX[DEULWDQWOD'LUHFWLRQGHV6HUYLFHV7HFKQLTXHVHWGHV0R\HQV*pQpUDX[GHOD5pJLRQ
(TXLSHPHQWHQPDWpULHOVLQIRUPDWLTXHVGHVVHUYLFHVGHOD5pJLRQ
(TXLSHPHQWHQPRELOLHUVGHEXUHDXGHVVHUYLFHVGHOD5pJLRQ
(TXLSHPHQWHQPDWpULHOVHWRXWLOODJHVWHFKQLTXHVGHVVHUYLFHVGHOD5pJLRQ
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
(TXLSHPHQWHQPDWpULHOVDGPLQLVWUDWLIVGHVVHUYLFHVGHOD5pJLRQ
&RQVHLO5pJLRQDOGHOD%DJRXp%RXQGLDOL
3HUVRQQHO
$VVXUHUOHWUDLWHPHQWVDODULDOGXSHUVRQQHOGXFRQVHLOUpJLRQDOGHODEDJRXH
$VVXUHUOHWUDLWHPHQWVDODULDOGXSHUVRQQHOGHODUpJLRQGHOD%DJRXp
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGXFRQVHLOUpJLRQDOGHODEDJRXH
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODUHJLRQGHOD%DJRXH
,QYHVWLVVHPHQWV
'pYHORSSHUOHVDXWUHVVHUYLFHVJpQpUDX[GDQVODUpJLRQGHODEDJRXH
&RQVWUXFWLRQGXVLqJHGXFRQVHLOUpJLRQDOj%RXQGLDOL
'pYHORSSHUOHVVHUYLFHVJpQpUDX[GHSODQLILFDWLRQHWGHVWDWLVWLTXHVGDQVODUpJLRQGDQVODEDJRXH
(ODERUDWLRQGXSODQVWUDWpJLTXHGHGpYHORSSHPHQWORFDOGHODUpJLRQ
'pYHORSSHUOHVVHUYLFHVGHSROLFHGDQVODUpJLRQGDQVODEDJRXH
$FTXLVLWLRQGHWURLVYpKLFXOHVGH7\SHV[SRXUOHVEULJDGHVGHJHQGDUPHULHGHODUpJLRQ%RXQGLDOL*ERQHW7HQJUHOD
'pYHORSSHUOHVLQGXVWULHVPDQXIDFWXULqUHVGDQVODUpJLRQGHODEDJRXH
$FTXLVLWLRQHWLQVWDOODWLRQGHYLQJWKXLWXQLWpVGHVpFKDJHHWGpFRUWLFDJHGHODQRL[GHFDMRX[GDQVOHVTXDWRU]H6RXVSUpIHFWXUHGHOD
UpJLRQ
'pYHORSSHUOHWRXULVPHGDQVODUpJLRQGDQVODEDJRXH
&RQVWUXFWLRQG
XQSDUFVRFLRFXOWXUHOWUDGLWLRQQHOHWWRXULVWLTXHUHJLRQDOj%RXQGLDOL
'pYHORSSHUOHVWUDQVSRUWVURXWLHUVGDQVODUpJLRQGDQVODEDJRXH
2XYHUWXUHGHNPOLQpDLUHVGHYRLHVGDQVODUpJLRQ
5HSURILODJHORXUGGHNPGHSLVWHVGDQVOD5pJLRQ%D\D1RQJDQDNPHW0
EDVVRIURQWLqUH0DOLNP
'pYHORSSHUOHORJHPHQWGDQVODUpJLRQGDQVODEDJRXH
&RQVWUXFWLRQGHTXLQ]HQRXYHDX[ORJHPHQWVVRFLDX[GDQVOHVORFDOLWpVGHODUpJLRQ.pOpJEDOD6DQ1DQJDNDKD'DQ]RXURX'HQGUDVVR
=DQDVVR3RXQGLRX)pQL,ULEDVVR)ODERXJRX3LQGMR'DUDQLDQL3LQYRUR1LHPSXUJXpHW1¢GDUD
'pYHORSSHUO
DOLPHQWDWLRQHQHDXGDQVODUpJLRQGDQVODEDJRXH
5pDOLVDWLRQGHGL[QRXYHDX[IRUDJHVpTXLSpVGHSRPSHVYLOODJHRLVHVjPRWULFLWpKXPDLQHGDQVOHVORFDOLWpVGH.DPELDOD/RURNDKD.DQLpQp
6DQDKRXOp3RXURX.RXURXNRUR)DKDQGRXGRX.RGLDJD7DEDNRURQLHW'HQGUDVVR
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
5pKDELOLWDWLRQGHVRL[DQWHTXLQ]HSRPSHVK\GUDXOLTXHVYLOODJHRLVHVGHOD5pJLRQ>EXGJHWSRPSHV*DQDRQLVLHPSXUJR
%OpVVpJXp6LDQKDOD3DSDUD'pEpWp@
'pYHORSSHUGHVGLVSHQVDLUHVHWGHVPDWHUQLWpVGDQVODUpJLRQGDQVODEDJRXH
5pKDELOLWDWLRQGHVL[FHQWUHVGHVDQWpGDQVODUpJLRQ.DQLKpQp.DQLWpOLJXp.RIUp%RORQD6LRQIDQHW3DSDUD
&RQVWUXFWLRQGHQHXIGLVSHQVDLUHVUXUDX[GDQVOD5pJLRQ.DWLDOL7DEDNRURQL%RQJDPD6LRQIDQNRXQRXPRQ)pQL3RXURX*EDQGRHW
6LHQUq
&RQVWUXFWLRQGHVL[PDWHUQLWpVGDQVOD5pJLRQ7LQDVVR:RPRQ7DPDQLD/DIL.pOpJEDODHW'RXJED
&RQVWUXFWLRQGHTXLQ]HQRXYHDX[ORJHPHQWVG
LQILUPLHUVHWGHVDJHVIHPPHVGDQVOHVORFDOLWpVGHOD5pJLRQ)pQLNpOpJEDOD:RPRQ
3RQRQGRXJRX.DWLHQGp'RXJED3RQLDNpOp'HQGUDVVR.pOpJEDOD7DPDQLD.RXQRXPRQ7DEDNRURQL%RQJDPD*XLQJUpQLHW%RQJDPD
$FTXpULUGHVDSSDUHLOVHWGXPDWpULHOWKpUDSHXWLTXHGDQVODUpJLRQGDQVODEDJRXH
$FTXLVLWLRQGHGRX]HQRXYHOOHVDPEXODQFHVSRXUOHVVWUXFWXUHVVDQLWDLUHVGHOD5pJLRQ%RORQD6DQ'LDPDNDQL)pQL2XD]RPRQ/DIL6RJR
1RQNSDUDGRXJRX.pOpJEDOD7LQDVVR3RQRQGRXJRXHW'HPEDVVR
(TXLSHPHQWGHVVWUXFWXUHVVDQLWDLUHVGHOD5pJLRQHQPDWpULHOVELRPpGLFDX[*EDOR7LRUR6pOpKR7LRQJROL1DPLDVVR.pOpJEDOD:RPRQ
.DQLKpQp.DQLWpOLJXp.RIUp1pJXpSLp0RXJQLQL3RQRQGRXJRXHW'LDPDNDQL
HQVHLJQHPHQWVHFRQGDLUHGDQVODUpJLRQGDQVODEDJRXH
&RQVWUXFWLRQGHTXLQ]HQRXYHDX[EkWLPHQWVGHTXDWUHFODVVHVEXUHDX[GDQVOHVO\FpHVHWFROOqJHVGHOD5pJLRQ3DSDUD'pEpWp6DQ
7HQJUpOD%OpVVpJXp.RXWR1
'pRX.ROLD*ERQ.DVVpUp/DQGLMRXJRXHW%RXQGLDOL
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODUpJLRQGDQVODEDJRXH
$FTXLVLWLRQGHGHX[PLOOHWDEOHVEDQFVSRXUOHVpFROHVGHODUHJLRQ
&RQVWUXFWLRQGHKXLWEkWLPHQWVGHWURLVFODVVHVEORFODWULQHSRXUO
H[WHQVLRQGHV(33GDQVOD5pJLRQ=DJXLQDVVR)pQL+DvGDUD
1RQGDUD0DUDQDPD'pEpWp'RXDVVR6pOqKR
&RQVWUXFWLRQGHGL[FDQWLQHVVFRODLUHVGDQVOHV(33GHODUpJLRQ1pJXpSLp*DQDRQL.pEL.DWLHQGp7DPDQLD'HQGUDVVR7LDVVR)LPELDVVR
%RQJDPDHW/DQGMRXJRX
&RQVWUXFWLRQGHGL[EORFVODWULQHVGDQVOHV(33GHODUpJLRQ'pEpWp0DUDQDPD.DPRQRQ0LULPLUL)pQL.DWLpUp6RJR)DKDQGRXJRX)pQL
HW%RJRPD
&RQVWUXFWLRQGHQHXIEkWLPHQWVGHWURLVFODVVHVEXUHDXEORFODWULQHGDQVOHVpFROHVSULPDLUHVSXEOLTXHVGHOD5pJLRQ.RXQGLQ
.pOpJEDOD%R\R3LQGMR:RUD.RORQ]DNDPRQRQ'RXJEDHW.DSpJXp
5pKDELOLWDWLRQGHTXLQ]HpFROHVSULPDLUHVSXEOLTXHVGHOD5pJLRQ.RXORXVVRQ6LQJR7LDPD,ULEDVVR'HPEDVVR3RXQGLRX=LpGRXJRX
3RXURX0DQLDVVR7LQGDUD.DUDNSR:RUD.DQLWpOLJXp%RXJRXODHW<pOp
'pYHORSSHUO
HQVHLJQHPHQWSUppOpPHQWDLUHGDQVODUpJLRQGDQVODEDJRXH
&RQVWUXFWLRQGHGL[pWDEOLVVHPHQWVSUpVFRODLUHVGHWURLVFODVVHVGDQVOD5pJLRQ*DQDRQL6LVVqGRXJRX1LHPSXUJXp%RORQD/RPDUD
1qJXqSLp1
'pRX7RXQYUp0DKDOpHW%OHVVpJXp
'pYHORSSHUOHORJHPHQWGDQVOHFDGUHGHODSURWHFWLRQVRFLDOHGDQVODUpJLRQGDQVODEDJRXH
&RQVWUXFWLRQG
XQRUSKHOLQDWGDQVOD5pJLRQGH%RXQGLDOL
HQYLURQQHPHQWGDQVOHVUpJLRQV
3URPRXYRLUODUHFKHUFKHHWOHGpYHORSSHPHQWGDQVOHGRPDLQHGHODSURWHFWLRQGHO
HQYLURQQHPHQWGDQVODUpJLRQGDQVODEDJRXH
(WXGHSRXUO
DPpQDJHPHQWGHVVLWHVG
RUSDLOODJHFODQGHVWLQVGHODUpJLRQ
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
&RQVHLO5pJLRQDOGHOD0DUDKRXp%RXDIOp
3HUVRQQHO
$VVXUHUOHWUDLWHPHQWVDODULDOGXSHUVRQQHOGXFRQVHLOUpJLRQDOGHODPDUDKRXH
$VVXUHUOHWUDLWHPHQWVDODULDOGXSHUVRQQHOGX&RQVHLO5pJLRQDOGHOD0DUDKRXp
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGXFRQVHLOUpJLRQDOGHODPDUDKRXH
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODUHJLRQGHOD0DUDKRXH
,QYHVWLVVHPHQWV
'pYHORSSHUOHVDXWUHVVHUYLFHVJpQpUDX[GDQVODUpJLRQGHODPDUDKRXH
$FTXLVLWLRQGHPDWpULHOWHFKQLTXHSRXUOD'LUHFWLRQGHV6HUYLFHV7HFKQLTXHVHWGHV0R\HQV*pQpUDX[GHOD5pJLRQ
$FTXLVLWLRQG
pTXLSHPHQWVSRXUODUDGLRUpJLRQDOH
$FTXLVLWLRQG
pTXLSHPHQWVGHSURWHFWLRQGHVLQVWDOODWLRQVpOHFWULTXHVGXVLqJHGHOD5pJLRQ
3RVHGHJULOOHVDQWLYROGHEDUEHOpVHWGHVHUUXUHVGHVXUHWpDXVLqJHGHOD5pJLRQ
'pYHORSSHUOHVVHUYLFHVJpQpUDX[GHSODQLILFDWLRQHWGHVWDWLVWLTXHVGDQVODUpJLRQGDQVODPDUDKRXH
(ODERUDWLRQGXSODQVWUDWpJLTXHGHGpYHORSSHPHQWGHOD5pJLRQGHOD0DUDKRXp
'pYHORSSHUO
DJULFXOWXUHGDQVODUpJLRQGDQVODPDUDKRXH
0LVHHQSODFHGHFKDPSVpFROHVDJULFROHVGDQVORFDOLWpVGHOD5pJLRQj%RXDIOpj6LQIUDHWj=XpQRXOD
'pYHORSSHUOHVWUDQVSRUWVURXWLHUVGDQVODUpJLRQGDQVODPDUDKRXH
3RVHGHEXVHVHQEpWRQVXUD[HVURXWLHUVGHOD5pJLRQ'pSDUWHPHQWGH%RXDIOp()$'¢1¢GRXIRXNDQNUR(FROHG¢H[FHOOHQFH)OHXYH
$QFLHQQHURXWH%RXDIOp=XpQRXOD.DQJUHWWD¢,ULEDIOD%R]L¢%ODQIOD3DNRXDER¢'LDFRKRX1RUG'pSDUWHPHQWGH6LQIUD6LQIUD¢7RWRNRIILNUR=pPpQDIOD
%¢1¢*DWWDNUR'pSDUWHPHQWGH=XpQRXOD=DQ]UD%RXDWD'H]UD¢9DDIOD9UHQKHQIOD=DQ]UD.DQ]UD=RURIOD.RXDGLRNUR
3RVHGHEXVHVHQEpWRQVXUOHVD[HVURXWLHUVGDQVOHVGpSDUWHPHQWVGH%RXDIOp6LQIUDHW=XpQRXOD
'pYHORSSHUO
DOLPHQWDWLRQHQHDXGDQVODUpJLRQGDQVODPDUDKRXH
$FTXLVLWLRQHWLQVWDOODWLRQGHSRPSHVpOHFWULTXHVLPPHUJpHVVXUOHVIRUDJHVGHVORFDOLWpVGHODUpJLRQ
5pDOLVDWLRQGHIRUDJHVpTXLSpVGHSRPSHVjPRWULFLWpKXPDLQHGDQVTXDWUHORFDOLWpVGHODUpJLRQ
5pDOLVDWLRQGHV\VWqPHVG
K\GUDXOLTXHXUEDLQH+8j0DQIODHW<DRNUR
&RQVWUXFWLRQG
XQFKkWHDXG
HDXj0LQIOD
'pYHORSSHUGHVVHUYLFHVGHPpGHFLQHJpQpUDOHGDQVODUpJLRQGDQVODPDUDKRXH
$FTXLVLWLRQGHDPEXODQFHVSRXUOHVGLVWULFWVVDQLWDLUHVGH%RXDIOp6LQIUDHW=XpQRXD
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
'pYHORSSHUGHVGLVSHQVDLUHVHWGHVPDWHUQLWpVGDQVODUpJLRQGDQVODPDUDKRXH
&RQVWUXFWLRQGHORJHPHQWVSRXUOHSHUVRQQHOGXFHQWUHGHVDQWpGXYLOODJHGH%RQJRIOD
&RQVWUXFWLRQGHGHX[FHQWUHVGHVDQWpUXUDX[GDQVGHX[YLOODJHVGHODUpJLRQ
&RQVWUXFWLRQGHWURLVORJHPHQWVSRXUOHSHUVRQQHOGHFHQWUHVGHVDQWpGHWURLVYLOODJHVGHODUpJLRQ
HQVHLJQHPHQWVHFRQGDLUHGDQVODUpJLRQGDQVODPDUDKRXH
&RQVWUXFWLRQG
HWDEOLVVHPHQWVGHVDOOHVGHFODVVHVEXUHDX[VDOOHVVSHFLDOLVHHVLQILUPLHUVHWFO{WXUHVSRXUO
HQVHLJQHPHQWVHFRQGDLUHFROOqJHV
GDQVODUHJLRQ
&RQVWUXFWLRQGH6DOOHVGHFODVVHHW%XUHDX[GDQVFROOqJHVGHOD5pJLRQ&ROOqJH&.'GH%RXDIOp/\FpH0RGHUQH+.%GH6LQIUD/\FpH
PRGHUQHGH=XpQRXOD&ROOqJH0RGHUQHGH.RXpWLQIODHW&ROOqJH0RGHUQHGH%D]Up
&RQVWUXFWLRQGH6DOOHVGHFODVVHHW%XUHDX[GDQVFROOqJHVGDQVOHVGpSDUWHPHQWVGH%RXDIOp6LQIUDHW=XpQRXOD
$FTXLVLWLRQGHPDWpULHOLQIRUPDWLTXHSRXUOHVFROOqJHVGDQVOHVGpSDUWHPHQWVGH%RXDIOp6LQIUDHW=XpQRXOD
$FTXLVLWLRQGHPRELOLHUGHEXUHDXSRXUOHVFROOqJHVGDQVOHVGpSDUWHPHQWVGH%RXDIOp6LQIUDHW=XpQRXOD
&RQVWUXFWLRQGHEORFVGHODWULQHVGDQVFROOqJHVGDQVOHVGpSDUWHPHQWVGH%RXDIOp6LQIUDHW=XpQRXOD
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODUpJLRQGDQVODPDUDKRXH
(TXLSHPHQWGHVpWDEOLVVHPHQWVSULPDLUHVSXEOLFVGDQVOHVYLOODJHVGHOD5pJLRQHQWDEOHVEDQFVWDEOHVEDQFV
5pKDELOLWDWLRQGHVDOOHVGHFODVVHHWEXUHDX[GDQVOHVpFROHVSULPDLUHVGHVYLOODJHVGHOD5pJLRQ
&RQVWUXFWLRQGH6DOOHVGHFODVVHHW%XUHDX[GDQVpFROHVSULPDLUHVGHVYLOODJHVGHOD5pJLRQ
&RQVWUXFWLRQGHVDOOHVGHFODVVHVHWEXUHDX[G
pFROHVSULPDLUHVSXEOLTXHVGDQVGHVYLOODJHVGHOD5pJLRQ'pSDUWHPHQWGH%RXDIOp.DPL
=DQRXIOD'LDFRKRX6XG1
GpQRXNUR7XDQNUR$QJRYLD.DYLpVVRX3DNRXDER%R]LHW*EpJEpVVRX'pSDUWHPHQWGH6LQIUD6DQpJRXULIOD<DRNUR3UR]LEODQIOD
*RXpQRXIOD$NDNUR63.RXpWLQIOD'LpQpGRXIOD1¢]XpNUR7Lp]DQNURHW7LpNRURGRXJRX'pSDUWHPHQWGH=XpQRXOD=LGXR%RXpQRX9RXpERXIOD
9DQLpERWLIOD6pL]UD'XFHLIOD*RKLWDIOD0DQIOD%ODEODWD63.DQ]UD7UDKRQIOD=RURIODSRXU=XpQRXOD*RXHQIOD=XpQRXOD
&RQVWUXFWLRQGH6DOOHVGHFODVVHHW%XUHDX[DYHFEORFVGHODWULQHVGDQVpFROHVSULPDLUHVGHVYLOODJHVGDQVOHVGpSDUWHPHQWVGH%RXDIOp
6LQIUDHW=XpQRXOD
HQVHLJQHPHQWVHFRQGDLUHGDQVODUpJLRQGDQVODPDUDKRXH
5pKDELOLWDWLRQG
XQEkWLPHQWDGPLQLVWUDWLIHWGHVDOOHVGHFODVVHDYHFEXUHDX[DXO\FpHPRGHUQHGH%RXDIOp
&RQVHLO5pJLRQDOGH/D0p$G]RSp
3HUVRQQHO
$VVXUHUOHWUDLWHPHQWVDODULDOGXSHUVRQQHOGXFRQVHLOUpJLRQDOGHOD0p
$VVXUHUOHWUDLWHPHQWVDODULDOGXSHUVRQQHOGX&RQVHLO5pJLRQDOGHOD0p
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGXFRQVHLOUpJLRQDOGHOD0p
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODUHJLRQGH/D0H
,QYHVWLVVHPHQWV
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
'pYHORSSHUO
DJULFXOWXUHGDQVODUpJLRQGDQVODPp
&UpDWLRQG
XQLWpVG
DSSUHQWLVVDJHDJURSDVWRUDOHVGDQVOHVFROOqJHVGHSUR[LPLWpGHODUpJLRQGHOD0p$FKL-pU{PH$FKL3DWULFN$ERLVVR&RPRp
'pYHORSSHUODGLVWULEXWLRQOHVHQWUHS{WVHWOHVPDJDVLQVGDQVODUpJLRQGDQVODPp
$PpQDJHPHQWHWFRQVWUXFWLRQGHVDLUHVGHFRPPHUFHGDQVODUpJLRQGH/D0HSKDVH<DNDVVH0H$ELH%HFHGL%ULJQDQ%HFRXHILQ
%HQDQKRXLQ$ORVVR$ERLVVR&RPRH2JKOZDSR%LHE\$ERQJRXD
'pYHORSSHUOHVpTXLSHPHQWVFROOHFWLIVGDQVODUpJLRQGDQVOD0p
&RQVWUXFWLRQGHKDQJDUVSXEOLFVGDQVODUpJLRQGHOD0pDVVLNRLDEUDGLQHDEUDGLQHDGMDPHDQGRX0
%DWWRPHPQLRJRXHGRXPHGDEUH
LQJUDNRQDKRXWRXHGDQJXLUDDGRQNRLPHELIRQNRVVDQGMLDGLNRNRLQJRNURQRXJRXVVLGLDSH\DNDVVHPHDELHDQDQJXLHDQQHSH
'pYHORSSHUGHVGLVSHQVDLUHVHWGHVPDWHUQLWpVGDQVODUpJLRQGDQVOD0p
&RQVWUXFWLRQGXGLVSHQVDLUHGH<DSRNRL
UpKDELOLWDWLRQGXFHQWUHGHVDQWpGH'LDSp
'pYHORSSHUGHVVHUYLFHVKRVSLWDOLHUVJpQpUDX[GDQVODUpJLRQGDQVOD0p
&RQVWUXFWLRQGHODFO{WXUHGHVL[FHQWUHVGHVDQWpGHODUpJLRQGHOD0pSKDVHFHQWUHGHVDQWpGH.RVVDQGMLP%RQDKRXLQP
%RXDSpP$QDQJXLpHWGHO
K{SLWDOJpQpUDOGH<DNDVVp$WWREURXP
'pYHORSSHUO
HQVHLJQHPHQWSUppOpPHQWDLUHGDQVODUpJLRQGDQVODPp
&RQVWUXFWLRQG
XQHpFROHPDWHUQHOOHGDQVOHVORFDOLWpVGH0RDSp%pFpGL$QRQHW%DVVDG]LQ
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODUpJLRQGDQVODPp
&RQVWUXFWLRQGHWURLVVDOOHVGHFODVVHVGDQVOHV(33GHORERDNRXG]LQORERKRSHPRDSHERXGHSH(33EDGEDFRQ(33EDGDRXORX
FKDQWLHUDQJREHNRLHJQDPERFDUUHIRXUGLDSHDVVHXGMLJDOHNURDQRNURNRXDGLRNRXDVVLNURVL[FODVVHVjFRQVWUXLUH
5pKDELOLWDWLRQGHVDOOHVGHFODVVHVGDQVOHV(33GHODUpJLRQGH/D0pGDQJXLUD6XGGDQJXLUDQRUGERXDSHDIIHU\PRDSHGLDVVRQDJRX
PHPQLHWFRQVWUXFWLRQGHWURLVFODVVHVjO
(33GHEHFHGLEULJQDQTXLQ]HFODVVHVjUpKDELOLWHU
5pKDELOLWDWLRQGHWUHQWHVDOOHVGHFODVVHVGDQVOHV(33GHODUpJLRQGHOD0p0RSRGML=HXGML1
VDQNRL&DUGRQQD1
NRXSp0DIDPDIRX
6RULEDGRXJRX$QDQJXLp$VVLNRLHW<NDVVp&RPRpVL[FODVVHVjUpKDELOLWHU
&RQVWUXFWLRQGHVDOOHVGHFODVVHVEXUHDXEORFODWULQHVGDQVOHV(33%LpE\Q%RQDKRXLQ%pFRXpILQ1
JRNUR0RSRGML0RWREp
2JXpGRXPp$ORVVR'DQJXLUD6XGFODVVHVj1
JRNUR
&RQVWUXFWLRQGHFDQWLQHVVFRODLUHVGDQVOHV(33GHODUpJLRQGHOD0pSKDVH%pFRXpILQ2JXpGRXPp/RER+RSp3KDVH$VVLNRXQ
$ERQJRXD%DVVDG]LQ
$FTXLVLWLRQGHWDEOHVEDQFVSRXUOHV(33GHOD5pJLRQWDEOHVEDQFSRXU
HQVHLJQHPHQWVHFRQGDLUHGDQVODUpJLRQGDQVODPp
&RQVWUXFWLRQGHVDOOHVGHFODVVHVGHEkWLPHQWVDGPLQLVWUDWLIVGHVDOOHVVSpFLDOLVpHVHWGHVODWULQHVGDQVOHVO\FpHVHWFROOqJHVPRGHUQHV$FKL
3DWULFNG
$QQpSp$G]RSp$OpSp$NRXSp$IIpU\0RQWp]R0RDSp$QDQJXLpHW$FKL-pU{PHGH*UDQG$NRXG]LQ$QGpWURLVFODVVHVHWGHX[VDOOHV
VSpFLDOLVpHVjFRQVWUXLUH
$FTXLVLWLRQGHWDEOHVEDQFVSRXUOHVFROOqJHVHWO\FpHVGHODUpJLRQWDEOHVEDQFVSRXUO
DQQpH
HQVHLJQHPHQWVHFRQGDLUHGDQVODUpJLRQGDQVODPp
&RQVWUXFWLRQGHVDOOHVVSpFLDOLVpHVGDQVOHVFROOqJHVGH$ERQJRXD$ERLVVR&RPRp$VVLNRXQ$ORVVRGHX[VDOOHVVSpFLDOLVpHVjFRQVWUXLUH
HQ
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
&RQVWUXFWLRQGXFROOqJHGHSUR[LPLWpGH.RVVDQGMLHWGXO\FpHPRGHUQHGH'DQJXLUD6HSWFODVVHVjFRQVWUXLUHHQ
&RQVWUXFWLRQGHFROOqJHVGHSUR[LPLWpj%RXGpSpEDVHHW'LDSpEDVHFODVVHVjFRQVWUXLUHj'LDSpHWVDOOHVVSpFLDOLVpHVj%RXGpSp
(TXLSHPHQWGHVFDQWLQHVGHVFROOqJHVPRGHUQHVGH%pFpGL%ULJQDQ$&+,-pU{PH$QQpSp<DNDVVp0p%pFRXpILQ$ERQJRXD$ERLVVRFRPRp
$VVLNRXQ0RDSp$QDQJXLp
&RQVWUXFWLRQGHVFROOqJHVGHSUR[LPLWpVGH%LDVVRHW$NRXSpVDOOHVGHFODVVHHWEkWLPHQWVDGPLQLVWUDWLIV
&RQVWUXFWLRQGHVL[SUpDX[GDQVOHVFROOqJHVPRGHUQHVGHODUHJLRQ%pFpGL%ULJQDQ$QQpSp<DNDVVp0p%pFRXpILQ$ERQJRXD$ERLVVR
FRPRpSUpDX[jFRQVWUXLUH
'pYHORSSHUGHVVHUYLFHVUpFUpDWLIVHWVSRUWLIVGDQVODUpJLRQGDQVOD0p
&RQVWUXFWLRQG
XQIR\HUGHVMHXQHVGDQVOHVORFDOLWpVGH.RGLRXVVRXHW0DVVDQGML
'pYHORSSHUGHVVHUYLFHVFXOWXUHOVGDQVODUpJLRQGDQVOD0p
&RQVWUXFWLRQG
XQPDJDVLQHWG
XQHVDOOHG
HDXDXIR\HUGHVMHXQHVGH%pFpGL%ULJQDQ
&RQVHLO5pJLRQDOGX+DPERO.DWLROD
3HUVRQQHO
$VVXUHUOHWUDLWHPHQWVDODULDOGXSHUVRQQHOGXFRQVHLOUpJLRQDOGXKDPERO
$VVXUHUOHWUDLWHPHQWVDODULDOGXSHUVRQQHOGXFRQVHLOUpJLRQDOGX+DPERO
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGXFRQVHLOUpJLRQDOGXKDPERO
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODUHJLRQGX+DPERO
,QYHVWLVVHPHQWV
'pYHORSSHUOHVpTXLSHPHQWVFROOHFWLIVGDQVODUpJLRQGXKDPERO
&RQVWUXFWLRQG
XQHSLVFLQH'pSDUWHPHQWDOHj1LDNDUD
'pYHORSSHUO
DOLPHQWDWLRQHQHDXGDQVODUpJLRQGXKDPERO
5pDOLVDWLRQGH)RUDJHVGDQVOD5pJLRQ*EDGRXJRX/DQGHGRXJRX.SDQDJDQD.DJERQRQ.RZDUDVRNRXUD.D\RXOR.DZRORGLRXODVVR
0DVVDGRXJRX1DSLp6LUDNRUR7LQJXHGRXJRX.DVVRXJRQRQ%DNRURVHRXOD%RURPDNRWq%RNDKD1DQGMOHVpJEqUq.RZDUDVDQDNRUR%RNDODQRXPRXVVR
.HQJXHOHGRXJRX.RXURXNRXQRGLRXODVVR7RVVLRQGRXJRXGDPDNDKD1
JRQNDKD%RXJRXO3DQJDOD)DOQDQNDKD.DIRXPRXNDKD6DEDERXGRXJRX
'RXVVROR.DJXHNDKD.RXDPHNDKD7LHQDQNDKD7LHGLDULNDKD7RXURYLOODJH.LNRXQNDKD6LqJHGXFRQVHLO
5pKDELOLWDWLRQGHSRPSHVjPRWULFLWpKXPDLQHGDQVYLOODJHVGHODUpJLRQ/DQGHGRXJRX7RUURNLQNLQQLQ.DGLpRXOHVRXUGLDQ
7HQGHQHEDPEDUDVVR%RNDOD1LDPSRXGRXJRX.DZRORVREDUD6RNDODVREDUD)HQHVVLJXHGRXJRX$WWLHQNDKD1DQJRQLpNDKD
/RKR.DQDZROR1LDQJER/RXJERQRX7LPEp1LpPpQp
5pDOLVDWLRQGHIRUDJHVGDQVYLOODJHVGHOD5pJLRQ.DILJXp:RJRVVR$WLVVD.DVVLDZDJD'RPEDGRXJRX*RXPERGRXJRX%DQLIRWRJRGD
.LQJXLQLNRKRNR7RUURNLQJXLQLQ7LVVHOpQRXPRXVVR.SDQDPDQJRURVVR.DQLpJXHPD=DQDNDKD6HUHORNDKD6LELULNDKD/\FpHPRGHUQH.DWLROD
1DORXUJRNDKD1DYLJXpNDKD)RXQJDNDKD
'pYHORSSHUGHVGLVSHQVDLUHVHWGHVPDWHUQLWpVGDQVODUpJLRQGXKDPERO
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
&RQVWUXFWLRQGHVFHQWUHVGHVDQWpGH'MHPHUHVVHGRXJRX6HEROR2XDGUDPDQGLRXODVVR2XpUpJXpODKD.RORNDKD2XQDQGLpNDKHW5pKDELOLWDWLRQ
GX&HQWUHGH6DQWpGH.RIILVVLRODKD
&RQVWUXFWLRQGHORJHPHQWVGH6DJHIHPPHVGDQVYLOODJHVGHOD5pJLRQ'MHPHUHVVHGRXJRX6HEROR2XDGUDPDQGLRXODVVR.RORNDKD
/RWLDOJD2XpUpJXpNDKD$ULNRNDKD6DQJDGLRNDKD%DGLRNDKD2XQDQGLpNDKD
,QILUPLHUVGDQVYLOODJHVGHOD5pJLRQ/RWLDOJD'MHPHUHVVHGRXJRX6HEROR2XDGUDPDQGLRXODVVR.RORNDKD
2XpUpJXpNDKD6DQJDGLRNDKD%DGLRNDKD2XQDQGLpNDKD
&RQVWUXFWLRQGHFO{WXUHVSRXUFHQWUHVGHVDQWpGHOD5pJLRQ'LPEpNDKD.RXURXNRXQDQ6pOLOpNDKD6DWDPDVRNRXUD
&RQVWUXFWLRQGHFHQWUHVGHVDQWpGDQVYLOODJHVGHOD5pJLRQ6DQJDGLRNDKD%DGLRNDKDHWG
XQSUpDXSRXUOH6HUYLFHGH6DQWp6FRODLUHHW
8QLYHUVLWDLUH6668GH.DWLROD
'pYHORSSHUO
HQVHLJQHPHQWSUppOpPHQWDLUHGDQVODUpJLRQGXKDPERO
&RQVWUXFWLRQG
XQHpFROHPDWHUQHOOHj1LHPHQH
&RQVWUXFWLRQG
pFROHVPDWHUQHOOHVGDQVOHVVRXVSUpIHFWXUHVGHODUpJLRQ7LPEHHW%DGLRNDKD
HQVHLJQHPHQWVHFRQGDLUHGDQVODUpJLRQGXKDPERO
&RQVWUXFWLRQGHWURLVVDOOHVGHFODVVHGDQVTXDWUHO\FpHVPRGHUQHVGHODUpJLRQ/\FpHVPRGHUQHVGH.DWLROD1LDNDUD'DEDNDODHW
7DILUp
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODUpJLRQGXKDPERO
5pKDELOLWDWLRQGHpFROHVSULPDLUHVSXEOLTXHVGHOD5pJLRQ/DKRJRUD1LDQJRXURXJERQRQ6HULJRNDKD/RQJR*EqUqNRURQRXPRXVVR.DVVHPp
'LpPHUHVVHGRXJRX1DQJRQLpNDKD/RXJERQRX'DUDNRNDKD.DQDQJRQRQ0DWHUQHOOHHWGH6DQGRRJRUD
&RQVWUXFWLRQGHVDOOHVGHFODVVHSOXVEXUHDX[GDQVOHVpFROHVSULPDLUHVSXEOLTXHVGH7RXUR9LOODJH%RNDKD2XURXJEDQNDKD6LELULNDKD
)RQRQNDKD.RXURXNRXQRQJDUH=DQDNDKD)HGLQLQ6HQGHNRX7RQJEpGRXJRX2XDGUDPDQEDPEDUUDVVR
&RQVWUXFWLRQG
pFROHVSULPDLUHVSXEOLTXHVGDQVOHVYLOODJHVGHODUpJLRQVDOOHVGHFODVVHVEXUHDXj<RGDQNDKD6RUROR%DQJRORHW
/RXJERQRXHWFODVVHVEXUHDXj.RKRXDUD6DPDVVRJRVVR'LQJDVVR3LQVRORGRXJRXHW3HVVDQGRXJRX
&RQVWUXFWLRQGHVDOOHVGHFODVVHEXUHDX[G
pFROHVSULPDLUHVSXEOLTXHVGDQVYLOODJHVGHOD5pJLRQ1
JRUOD*RXPERGRXJRX
3DQDJDQD*EqUqNRUREDPEDUDVVR%RUR\DUDGRXJRX.DIRXJRXJRX6RXOH\PDQHNDKD7DNDOD.ORJQLNDKD<pODNDQNDKD1LQJRXNDKD.DQDJRQQRQHW
.RXDPpNDKD
&RQVWUXFWLRQGHORJHPHQWVVRFLDX[GDQV(FROHV3ULPDLUHV3XEOLTXHVGHYLOODJHVGHOD5pJLRQ7RXSp6HEROR6RUROR*RXPERGRXJRX
/RWLDOJD6DQJDGLRNDKD6LELULNDKD=DQDNDKD%RNDKDHW.ORJQLNDKD
5pKDELOLWDWLRQGH(FROHV3ULPDLUHV3XEOLTXHVVDOOHVGHFODVVHGDQVYLOODJHVGHOD5pJLRQ6DQDVVLGRXJRXHW.DGLpRXOpVRXUGLDQ
&RQVWUXFWLRQGHpFROHVSULPDLUHVSXEOLTXHVGHVDOOHVGHFODVVHEXUHDX[VDOOHVGHFODVVHEXUHDX[GDQVYLOODJHVGHOD5pJLRQ
$OODVVR6RQJRURNDKD6HUHORNDKD)RXQJRXNDKD1DORXUJRNDKD6DQJDGLRNDKD1DYLJXHNDKD.LKRQ+DOQDQNDKD.DQLpJXHPD.DWLGRXJRX)DQJROLVRNRXUD
'LHGDJDQD'DUDNRNDKD.DGLpRXOpOROH]R1
JXHVVDQNUR.SDQDRXRURJQDJEHOH'RXDGLRUL1DPEDWHGRXJRX
HQVHLJQHPHQWVHFRQGDLUHGDQVODUpJLRQGXKDPERO
7UDYDX[G
H[WHQVLRQGDQVOHVpWDEOLVVHPHQWVVHFRQGDLUHVGHODUpJLRQ)URQDQ7RUWL\D6XFDI%RQLHUH6RNDODVREDUDHW1LHPHQH
&RQVWUXFWLRQGHTXDWUHFROOqJHVPRGHUQHVjEDVHj<DRVVHGRXJRX7HQGHQHEDPEDUDVVR$ULNRNDKD7LPEp
&RQVWUXFWLRQG
XQFROOqJHPRGHUQHjEDVHVDOOHVGHFODVVHHQUDLVRQGHVDOOHVGHFODVVHSDUQLYHDXj/RXJERQRX
'pYHORSSHUODOXWWHFRQWUHOHFK{PDJHGDQVODUpJLRQGXKDPERO
&RQVWUXFWLRQG
XQ&HQWUHG
pFRXWHHWG
LQVHUWLRQGHVMHXQHVGHODUpJLRQGX+DPEROj.DWLRODEXUHDX[VDOOHVG
HDX
&RQVHLO5pJLRQDOGX7RQNSL0DQ
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
3HUVRQQHO
$VVXUHUOHWUDLWHPHQWVDODULDOGXSHUVRQQHOGXFRQVHLOUpJLRQDOGXWRQNSL
$VVXUHUOHWUDLWHPHQWVDODULDOGXSHUVRQQHOGX&RQVHLO5pJLRQDOGX7RQNSL
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGXFRQVHLOUpJLRQDOGXWRQNSL
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODUHJLRQGX7RQNSL
,QYHVWLVVHPHQWV
'pYHORSSHUOHORJHPHQWGDQVODUpJLRQGXWRQNSL
&RQVWUXFWLRQGHRQ]HORJHPHQWVVRFLDX[GDQVOD5pJLRQ%RXqQHX.DQWD\ROHX.LpOp*RXUDQp%RJRXLQp%RJRXLQpDpURSRUW*RXLQp
.RNLDORHW%OqJRXLQ%RJRXLQpDpURSRUW%OqJRXLQ.RNLDOR.DQWD\ROHX.LpOp%RXHQHX%RJRXLQpHW*RXLQp
&RQVWUXFWLRQG
XQORJHPHQWVRFLDOGDQVVHSWYLOODJHVGHOD5pJLRQ6RKRXSOHX'LHPSOHX*ODQOp6HLOHX*DED*ODQJRXDOpHW*RXDQp
*RXDQp
'pYHORSSHUGHVGLVSHQVDLUHVHWGHVPDWHUQLWpVGDQVODUpJLRQGXWRQNSL
(TXLSHPHQWGHWUHL]HFHQWUHVGHVDQWpGHOD5pJLRQHQPDWpULHOVELRPpGLFDX[<HSOHX%DQWpDSOHX*RSRXSOHX%RXDSOHX9HWRXR.RXOLQOp
.DQWD\ROHX.LpOp.RNLDOR%OqJRXLQ<DOOR2XHOOHXHW'DQLSOHX
&RQVWUXFWLRQG
RQ]HPDWHUQLWpVGDQVODUpJLRQ6RKRXSOHX*ODQJRXDOp*OqJRXLQp%RIHVVR6DQGRXJRXVRED*ODQJOHX*RXDQp%OLWD
=LRJRXLQp'LHPSOHXHW=DJXLQHX
&RQVWUXFWLRQGHGL[GLVSHQVDLUHVGDQVOD5pJLRQ%OqSOHX*EqQp%LpOp%RXqQHX=DQWRQJRXLQ'LJRXDOp6RNRXUDOD'RXDJXpUp
.SDVVDJRGLpHW.RNLDOR
HQVHLJQHPHQWVHFRQGDLUHGDQVODUpJLRQGXWRQNSL
$FTXLVLWLRQGHVHSWFHQWWUHQWHWDEOHVEDQFVSRXUOHVFROOqJHVGHOD5pJLRQ&ROOqJHVGH0DQJRXLQ.LpOp*RXODOHX%DQQHX
/\FpHMHXQHVILOOHV0DQ*RXUDQp
&RQVWUXFWLRQGHFROOqJHVGHSUR[LPLWpjEDVHGHX[GDQVFLQTYLOODJHVGHODUpJLRQ0DQJRXLQ*RWRQJRXLQp=RXWRXRGDUUD6HLOHXHW
*ODQKRX\pXQEkWLPHQWGHTXDWUHFODVVHVEXUHDXXQEORFGHODWULQHVGHVL[FDELQHVDXFROOqJHGH6HLOHX=RXWRXRGDUUD*ODQKRX\pHW
*RWRQJRXLQpHWXQEkWLPHQWDGPLQLVWUDWLIDXFROOqJHGH6HLOHX
&RQVWUXFWLRQGHFROOqJHVjEDVHGHX[j%LpOp=DJRXpHW=LRJRXLQpHWH[WHQVLRQGHVFROOqJHVGH0DKDSOHXHW'RPLQLTXH2XDWWDUDGH0DQXQ
EkWLPHQWGHTXDWUHFODVVHVEXUHDXXQEORFGHODWULQHVGHVL[FDELQHVDXFROOqJHGH=DJRXpHW%LpOp
HQVHLJQHPHQWVHFRQGDLUHGDQVODUpJLRQGXWRQNSL
&RQVWUXFWLRQG
XQFROOqJHGHSUR[LPLWpjEDVHGHX[GDQVVHSWYLOODJHV<DSOHX'DLQHX*EDOOHX%OLWD)DJQDPSOHX*XLDPDSOHXHW
=RXSOHXHWH[WHQVLRQGXO\FpHGH0DQXQEDWLPHQWGHFODVVHVEXUHDXXQEORFGHODWULQHVGHFDELQHVDXO\FpHGH0DQ
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODUpJLRQGXWRQNSL
$FTXLVLWLRQGHVHSWFHQWWDEOHVEDQFVSRXUOHV(33GHOD5pJLRQ.UR]LDOp6DQWD/RXDOpED*DED.RNLDOR
0DQWRQJRXLQp
5pKDELOLWDWLRQG
XQEkWLPHQWGHWURLVFODVVHVEXUHDXGDQVTXDWUH(33GHOD5pJLRQ*DRWp=RQOp<HSOHXHW'RXOp<HSOHXHW'RXOp
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
&RQVWUXFWLRQG
XQEkWLPHQWGHWURLVFODVVHVEXUHDXGDQVQHXI(33GHOD5pJLRQ*DQJEDSOHX7pDSOHX6RXDPSOHX6RXDSOHX
=RXWRXR1DQQp*ODQJRXDOp%DPSOHXHW6RED1DQQp*DQJEDSOHXHW*ODQJRXDOp
5pKDELOLWDWLRQG
(33GDQVYLQJWHWXQYLOODJHVGHOD5pJLRQ0DKDSOHX<DQJXLOHX/LJDOHX*DQOHX%LDQKLWRXR.DQJEDSOHX%LDQWRXR
%LDQWRXR9HWRXR*EqOp%HSOHX7URJOHX*RXUDQp*RXDNDWRXR*EHXQWD/HNSpOHX*EORDOHX%ORQOHX7DKDSOHX*EOHSOHXHW*ERSHX/RXOp0DKDSOHX
/LJDOHX<DQJXLOHXHW*DQOHX
&RQVWUXFWLRQG
XQEkWLPHQWGHWURLVFODVVHVEXUHDXGDQVYLQJWHWXQ(33GHOD5pJLRQ.SRQJRXLQp6DPDSOHX%RXLPSOHX2XpPD
3HX]LJXL'MDORSOHX<DQJXLOHX'LpWD%pKLSOHX=DQKRXQLHQ*ORJOHX*EDPSOHX*EDWpDJEHXSOHX'RXpSOHX*XHXWLDJEHXSOHX.DQWD/RXDOpED.ODSOHX
.RXLWRQJRXLQp=RXSOHXHW'RXROp*EDWpDJEHXSOHX*ORJOHX*EDPSOHX'RXHSOHX6DPDSOHX.SRQJRXLQp<DQJXLOHX.DQWD/RXDOHED3HX]LJXLHW
*XHWLDJEHXSOHX
&RQVHLO5pJLRQDOGX:RURGRXJRX6pJXHOD
3HUVRQQHO
$VVXUHUOHWUDLWHPHQWVDODULDOGXSHUVRQQHOGXFRQVHLOUpJLRQDOGXZRURGRXJRX
$VVXUHUOHWUDLWHPHQWVDODULDOGXSHUVRQQHOGXFRQVHLOUpJLRQDOGX:RURGRXJRX
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGXFRQVHLOUpJLRQDOGXZRURGRXJRX
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGXFRQVHLOUpJLRQDOGX:RURGRXJRX
,QYHVWLVVHPHQWV
'pYHORSSHUOHVWUDQVSRUWVURXWLHUVGDQVODUpJLRQGXZRURGRXJRX
5HSURILODJHORXUGGHNPGHURXWHHQWHUUHD[H)DGLDGRXJRX1LRQGMp63GH)DGLDGRXJRX
'pYHORSSHUODGLVWULEXWLRQOHVHQWUHS{WVHWOHVPDJDVLQVGDQVODUpJLRQGX:RURGRXJRX
5pKDELOLWDWLRQGXPDUFKpGH'LRUKROp63GH0DVVDOD
'pYHORSSHUO
DOLPHQWDWLRQHQHDXGDQVODUpJLRQGXZRURGRXJRX
5pDOLVDWLRQGHRQ]HIRUDJHVK\GUDXOLTXHVGDQVODUHJLRQWRQKRXOHVSPDVVDODKDPHGNURHWEDJDEDVVRVSZRURIODNDWRJERHWHXJqQHNUR
VSNDQLKHUPDQNRQRHWQRWRXVSPRURQGRGULVVDVVRVSVLILHEDFVHPLHQVSNDPDORPLQLJQLGHQLHWQLRQGMHVSIDGLDGRXJRX
5pDOLVDWLRQG
XQHSRPSHK\GUDXOLTXHYLOODJHRLVHGDQVGL[ORFDOLWpVGHOD5pJLRQ'MRPRQ63GH.DPDOR0DPpULVVR63GH6LILp-DFTXHNURHW
(YDULVWHNUR63GH.DQL0RXLQD63GH6pJXpOD3HWLW%pRXPL1
*RQZRHW%pQRvNUR63GH:RURIOD)LPDQDHW'LHQIq63GH0DVVDOD
'pYHORSSHUO
pFODLUDJHSXEOLFGDQVODUpJLRQGXZRURGRXJRX
eOHFWULILFDWLRQGHVFROOqJHVPRGHUQHVGH'XDOOD0DVVDOD'MLEURVVRHW)DGLDGRXJRX
eOHFWULILFDWLRQGHVFROOqJHVPRGHUQHVGH'XDOOD0DVVDOD'MLEURVVRHW)DGLDGRXJRX7UDYDX[FRPSOpPHQWDLUHV
'pYHORSSHUGHVGLVSHQVDLUHVHWGHVPDWHUQLWpVGDQVODUpJLRQGXZRURGRXJRX
&RQVWUXFWLRQGHVFHQWUHVGHVDQWpUXUDX[GH6RWLpPD63GH6pJXpODHW0RQJEDUD63GH'LDUDEDQD
5pKDELOLWDWLRQGXFHQWUHGHVDQWpXUEDLQGH%REL63GH%REL
&RQVWUXFWLRQGHWURLVGLVSHQVDLUHVUXUDX[GDQVOD5pJLRQ%DEDVVR63GH.DQL*ERKRYR63GH6pJXpODHW7RWp63GH'MLEURVVR
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
5pKDELOLWDWLRQGHVFHQWUHVGHVDQWpGH0DVVDOD*RXUDQ63GH.DPDORHW0DQDEUL63GH.DQL
&RQVWUXFWLRQGHTXDWUHGLVSHQVDLUHVUXUDX[GDQVOD5pJLRQ0R\DNR63GH'MLEURVVR6RNR63GH:RURIOD1DQGDOD63GH'XDOODHW'MHOLVVR
63GH)DGLDGRXJRX
$FTXpULUGHVDSSDUHLOVHWGXPDWpULHOWKpUDSHXWLTXHGDQVODUpJLRQGXZRURGRXJRX
(TXLSHPHQWGHVFHQWUHVGHVDQWpXUEDLQGH6DPLQD.RKLPRQ/RKRX1RWRXHW*EpQDQHQPDWpULHOVELRPpGLFDX[
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODUpJLRQGXZRURGRXJRX
&RQVWUXFWLRQGHGHX[EkWLPHQWVGHWURLVFODVVHVSOXVEXUHDXSOXVODWULQHVGDQVVHSWORFDOLWpV(331LpRX63GH%REL(33*EpODGH0DVVDOD(33
<DPRQ]R63GH:RURIOD(330DVVDODDVVROR63GH'LDUDEDQD(33/LQJXpNUR63GH6pJXpOD(33.UDPRKDVVR63GH0DVVDOD'DEDOD63GH:RURIOD
&RQVWUXFWLRQG
XQEkWLPHQWGHWURLVFODVVHVSOXVEXUHDXSOXVEORFODWULQHVGDQVKXLW(33GHODUpJLRQ.DQJDQD%DQJDUDHW3DXONUR63GH
:RURIOD6RJRXUD'RXJRXODHW7RXQDQ63GH.DPDOR6LDNDVVR63GH6pJXpOD7LKLPDHW2XVVRXJRXOD63GH'LDUDEDQD
&RQVWUXFWLRQG
(33GH'RXJRXJEq
&RQVWUXFWLRQG
XQEkWLPHQWGHWURLVFODVVHVSOXVEXUHDXSOXVODWULQHVjO
(336pODNRUR636LILp
&RQVWUXFWLRQG
XQEkWLPHQWGHWURLVFODVVHVGDQVOHV(33GH6RXURXPDQD63GH'LDUDEDQD*ERJROR63GH0DVVDODHW2XDKL63GH6pJXpOD
&RQVWUXFWLRQG
XQEkWLPHQWGHWURLVFODVVHVSOXVEXUHDXSOXVEORFODWULQHVGDQVWURLV(33GHOD5pJLRQ7LpGMHVVR63GH.DQL6XLQYLOD63GH
'XDOOD.DPDQD63GH6pJXpOD
HQVHLJQHPHQWVHFRQGDLUHGDQVODUpJLRQGXZRURGRXJRX
&RQVWUXFWLRQG
XQEkWLPHQWGHTXDWUHFODVVHVDXFROOqJHGH7pPDVVRED63GH0DVVDOD
&RQVWUXFWLRQG
XQFROOqJHPRGHUQHj6LDQD63GH6pJXpOD
&RQVWUXFWLRQG
XQEkWLPHQWGHTXDWUHVDOOHVGHFODVVHSOXVEORFODWULQHVDXFROOqJHPRGHUQHGH'LDUDEDQD
&RQVWUXFWLRQG
XQEkWLPHQWGHTXDWUHFODVVHVSOXVEXUHDXDX&ROOqJH0RGHUQH%DQDQGMp
HQVHLJQHPHQWVHFRQGDLUHGDQVODUpJLRQGXZRURGRXJRX
(TXLSHPHQWGHVpWDEOLVVHPHQWVVHFRQGDLUHVGHODUpJLRQHQGHX[PLOOHFLQTFHQWVWDEOHVEDQFV6pJXpOD.DQL)DGLDGRXJRX'MLEURVVR0RURQGR
'pYHORSSHUGHVVHUYLFHVFXOWXUHOVGDQVODUpJLRQGXZRURGRXJRX
5pKDELOLWDWLRQG
XQIR\HUGHVMHXQHVj.RXPEDUD63GH'MLEURVVR
&RQVHLO5pJLRQDOGHV*UDQGV3RQWV'DERX
3HUVRQQHO
$VVXUHUOHWUDLWHPHQWVDODULDOGXSHUVRQQHOGXFRQVHLOUpJLRQDOGHVJUDQGVSRQWV
$VVXUHUOHWUDLWHPHQWVDODULDOGXSHUVRQQHOGHODUpJLRQGHVJUDQGVSRQWV
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGXFRQVHLOUpJLRQDOGHVJUDQGVSRQWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODUHJLRQGHV*UDQGV3RQWV
,QYHVWLVVHPHQWV
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
'pYHORSSHUOHVVHUYLFHVGHSROLFHGDQVODUpJLRQGHVJUDQGVSRQWV
(TXLSHPHQWHQPRELOLHUVGHEXUHDXGHODEULJDGHGHOD*HQGDUPHULHG
$KRXDQRX
'pYHORSSHUOHVLQGXVWULHVPDQXIDFWXULqUHVGDQVODUpJLRQGHVJUDQGVSRQWV
,QVWDOODWLRQGHKXLWXQLWpVGHWUDQVIRUPDWLRQGHPDQLRFGDQVOHVGpSDUWHPHQWVGH*UDQG/DKRXHWGH-DFTXHYLOOH&RRSpUDWLYHGHV$FWHXUVGH
OD&KDLQHGH9DOHXU0DQLRF
'pYHORSSHUODSrFKHGDQVODUpJLRQGHVJUDQGVSRQWV
&UpDWLRQGHTXDWUHIHUPHVDTXDFROHVGDQVOH'pSDUWHPHQWGH-DFTXHYLOOHXQj7LDJEDXQj1LJXL6DIIXQj7DERWKHWXQ
j.RXYp
'pYHORSSHUO
DJULFXOWXUHGDQVODUpJLRQGHVJUDQGVSRQWV
&UpDWLRQGHVL[FDJHVIORWWDQWHVSLVFLFROHVSRXUOHV&RRSpUDWLYHVGHV(OHYHXUVGHOD5pJLRQGHV*UDQGV3RQWVGDQVOHVORFDOLWpVVXLYDQWHVXQ
j/DKRX.SDQGDXQj1LJXL$VVRNRXQj%RGRXXQj0RSR\HPXQj1
JDWW\HWXQj&RVURX
5pKDELOLWDWLRQGHFLQTIHUPHVDYLFROHVHWGHGHX[IHUPHVFXQLFROHVGDQVOH'HSDUWHPHQWGH*UDQG/DKRX7RXNRX]RXSRXUOHV
&RRSpUDWLYHVGHV(OHYHXUVGHOD5pJLRQGHV*UDQGV3RQWV
'pYHORSSHUOHVWUDQVSRUWVURXWLHUVGDQVODUpJLRQGHVJUDQGVSRQWV
2XYHUWXUHGHNPGHYRLHGDQVOHVORFDOLWpVVXLYDQWHV$NURPLDQEODNP1RXYHO2XVVURXNP3HWLW%DGLHQNP<RXKRXOLONP
HW1LJXLVDIINP
'pYHORSSHUO
DOLPHQWDWLRQHQHDXGDQVODUpJLRQGHVJUDQGVSRQWV
5pDOLVDWLRQG
XQHSRPSHjPRWULFLWpKXPDLQHj,UDjNURXIILDQj$GDQJED(E\j<RZPLGMLj&RVURXO\j.RIILNUR*{j*QDQNDQNUR*{j
0RGMHEOR$KRXJQDQIRXWRXj*ROLNUR(33HWj'DPHNRXDPHNUR
([WHQVLRQGXUpVHDXG
HDXSRWDEOHGDQVGLYHUVHVORFDOLWpVGHOD5pJLRQ7LDKD1LJXL1DQRX<DVVDS$2UEDII$GRXPDQJQDQ$NURXSHWLW%DGLHQ
%RXERXU\1LDPLDPER%UDIIpGRQHW$NUDGLR9LHODNORGMDYHQDQW
5pDOLVDWLRQGH+9$j7RXSDK%RQQj'MDFpj%DFDQGDHWj7LpYLHVVRX
5pDOLVDWLRQG
XQV\VWqPH+9$j.DNDj$OODEDHWj7HIIUHGML
'pYHORSSHUO
pFODLUDJHSXEOLFGDQVODUpJLRQGHVJUDQGVSRQWV
(OHFWULFDWLRQGHGL[ORFDOLWpV$KRXJQDQIRXWRX%DRXOpVVR%pWpVVR1DQGLERNDWFKHSNOL'MLGMLNUR*RGHVVR%RWLQGLQ7DPDER6LNDVVRHW
7DPDER1RUGWUDQVIRUPDWHXUGH.9$SRWHDX[HQ%$HWGHODQWHUQHV6+3:DLQVLTXHOHXUVDFFHVVRLUHVSRXUFKDTXHORFDOLWp
$FTXpULUGHVDSSDUHLOVHWGXPDWpULHOWKpUDSHXWLTXHGDQVODUpJLRQGHVJUDQGVSRQWV
(TXLSHPHQWHQPDWpULHOVELRPpGLFDX[GHV&HQWUHVVDQWpGHN{W{NRGML7DERKWHW*UDQGMDFTXHV
(TXLSHPHQWHQPRELOLHUVGHVFHQWUHVGHVDQWpGH.{W{NRGML7DERWKHW*UDQG-DFTXHV
(TXLSHPHQWHQPDWpULHOVWHFKQLTXHVGHVEXUHDX[GHVSKDUPDFLHVHWGHVODERUDWRLUHVGHV&HQWUHVGH6DQWp8UEDLQGH%DFDQGDHWGH7RXNRX]RX
'pYHORSSHUGHVGLVSHQVDLUHVHWGHVPDWHUQLWpVGDQVODUpJLRQGHVJUDQGVSRQWV
&RQVWUXFWLRQGHODFO{WXUHGHODPDWHUQLWpG
(ERXQRXHWG
$KRXDQRX
5pKDELOLWDWLRQGXFHQWUHGHVDQWpGH1LJXL$VVRNRHWGH%RQQ
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
DVWUHLQWHSRXUO
LQILUPLHUHWODVDJHIHPPHGDQVFKDFXQHGHVORFDOLWpVjN{W{NRGMLj7DERWKj
*UDQGMDFTXHVjNDNDj0RSR\HPjFRVURXj$NUDGLRHW$GGDK
&RQVWUXFWLRQG
XQFHQWUHGHVDQWpGDQVFKDFXQHGHVORFDOLWpVGH.{W{NRGMLGH7DERKGH'RNSRGDQGHO
vOH$YLNDPHWG
XQHPDWHUQLWpj
$WWRXWRX%
DVWUHLQWHSRXUO
LQILUPLHUHWODVDJHIHPPHGDQVFKDFXQHGHVORFDOLWpVGH'RNSRGRQHWGHO
vOH$YLNDPHW
FRQVWUXFWLRQG
XQORJHPHQWG
DVWUHLQWHSRXUODVDJHIHPPHGDQVFKDFXQHGHVORFDOLWpVGHNURNURPHWGH'RQJER7DPDER
'pYHORSSHUGHVVHUYLFHVFXOWXUHOVGDQVODUpJLRQGHVJUDQGVSRQWV
&RQVWUXFWLRQG
XQIR\HUSRO\YDOHQWj2UEDIIHWj<RXKRXOLO
'pYHORSSHUO
HQVHLJQHPHQWSUppOpPHQWDLUHGDQVODUpJLRQGHVJUDQGVSRQWV
(TXLSHPHQWHQPDWpULHOVGLGDFWLTXHVGHO
pFROHPDWHUQHOOHGH2UEDII
HQVHLJQHPHQWVHFRQGDLUHGDQVODUpJLRQGHVJUDQGVSRQWV
&RQVWUXFWLRQGHGHX[EkWLPHQWVGHWURLVFODVVHVEXUHDXHWGHX[EORFVODWULQHVGHWURLVFDELQHVGDQVFKDFXQGHVFROOqJHVGH
%DFDQGDHWG
(ERXQRX
&RQVWUXFWLRQGHVFROOqJHVGHSUR[LPLWpjEDVHGH$NUDGLRG
2UEDIIHWG
,URER
/RWLVVHPHQWGHGL[vORWVGHVSDUFHOOHVGHVORFDOLWpVGH1
GMHP$GpVVp7RXNRX]RX/RSRX$NUDGLR7RXSDK$KRXDQRX%DFDQGD(ERQRXHW
,URERUpVHUYpHVDX[pWDEOLVVHPHQWVVHFRQGDLUHVGHODUpJLRQ
&RQVWUXFWLRQG
XQEkWLPHQWGHTXDWUHVDOOHVGHFODVVHVGDQVOHVFROOqJHVGH1
GMHPHWG
$GpVVp
&RQVWUXFWLRQGXFROOqJHGH7RXNRX]RXTXDWUHVDOOHVGHFODVVHXQEkWLPHQWDGPLQLVWUDWLIGHGL[EXUHDX[HWGHX[EORFVGH
ODWULQHVGHTXDWUHFDELQHV
&RQVWUXFWLRQG
XQEkWLPHQWGHTXDWUHVDOOHVGHFODVVHVEXUHDXDXFROOqJHPRGHUQHGH7RXSDK
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODUpJLRQGHVJUDQGVSRQWV
5pKDELOLWDWLRQG
XQEkWLPHQWGDQVFKDFXQHGHVpFROHVSULPDLUHV(33$JQLPHO-%G
2UEDIIHW(33*URJXLGD
$TXLVLWLRQGHWDEOHVEDQFVSRXUO
pTXLSHPHQWGHFODVVHVGDQVOHVpFROHVSULPDLUHVSXEOLTXHVGXGpSDUWHPHQWGH'DERX
5pKDELOLWDWLRQG
XQEkWLPHQWGHFODVVHVHWXQEXUHDXj1RXPRX]RXHWjO
(33%DFDQGD
&RQVWUXFWLRQG
XQEkWLPHQWGHWURLVVDOOHVGHFODVVHEXUHDXj$WWRXWRX%jO¢(330DNH\j*ROLNURj'RNSRGRQHWj*QDQJRXVVRXHW
FRQVWUXFWLRQG
XQEkWLPHQWG
XQHVDOOHGHFODVVHj.RXYp
&RQVWUXFWLRQG¢XQEORFODWULQHGHVL[FDELQHVjO
(331LDPLDPER
'pYHORSSHUOHVDXWUHVVHUYLFHVJpQpUDX[GDQVODUpJLRQGHVJUDQGVSRQWV
$FTXLVLWLRQG¢HQJLQVEXOOGR]HUJUDGHUFKDUJHXUFRPSDFWHXUjURXOHDXYLEUDQWFRPSDFWHXUPDQXHOHWFDPLRQVEHQQHV

&RQVHLO5pJLRQDOGX6XG&RPRp$ERLVVR
3HUVRQQHO
$VVXUHUOHWUDLWHPHQWVDODULDOGXSHUVRQQHOGXFRQVHLOUpJLRQDOGXVXGFRPRH
$VVXUHUOHWUDLWHPHQWVDODULDOGXSHUVRQQHOGX&RQVHLO5pJLRQDOGX6XG&RPRp
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGXFRQVHLOUpJLRQDOGXVXGFRPRH
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODUpJLRQGX6XG&RPRH
,QYHVWLVVHPHQWV
'pYHORSSHUOHVDXWUHVVHUYLFHVJpQpUDX[GDQVODUpJLRQGXVXGFRPRH
&RQVWUXFWLRQGXVLqJHGX&RQVHLO5pJLRQDOGX6XGFRPRpj$ERLVVR
5pKDELOLWDWLRQGHVEkWLPHQWVGXVLqJHHWGHGHX[DQWHQQHVGHOD5pJLRQ
7UDYDX[G
DVVDLQLVVHPHQWHWGHGUDLQDJHjO
DQWHQQHGH*UDQG%DVVDP
'pYHORSSHUOHVVHUYLFHVGHSROLFHGDQVODUpJLRQGXVXGFRPRH
&RQVWUXFWLRQG
XQHEULJDGHGHJHQGDUPHULHj.ULQGMDER
'pYHORSSHUOHVVHUYLFHVGHSURWHFWLRQFLYLOHGDQVODUpJLRQGXVXGFRPRH
&RQVWUXFWLRQGHVEkWLPHQWVGXFHQWUHGHVHFRXUVG
XUJHQFHGHODUpJLRQGX6XGFRPRH
(TXLSHPHQWGXFHQWUHGHVHFRXUVG
XUJHQFHHQPDWpULHOWHFKQLTXH
'pYHORSSHUODGLVWULEXWLRQOHVHQWUHS{WVHWOHVPDJDVLQVGDQVODUpJLRQGXVXGFRPRH
&RQVWUXFWLRQGXPDUFKpGH6RQJDQ
'pYHORSSHUOHVWUDQVSRUWVSDUYRLHG
HDXGDQVODUpJLRQGXVXGFRPRH
$FTXLVLWLRQGHWURLVHPEDUFDWLRQVWRXULVWLTXHVSRXUOHSODQG
HDXODJXQDLUHGHODUHJLRQ
&RQVWUXFWLRQG
XQGpEDUFDGqUHGDQVODORFDOLWpGH'DKRPH\
'pYHORSSHUO
DOLPHQWDWLRQHQHDXGDQVODUpJLRQGXVXGFRPRH
5pDOLVDWLRQGHWUDYDX[G
XQV\VWqPH+9$GDQVOHYLOODJHGH0DQPDQ
5pKDELOLWDWLRQGXV\VWqPH+9$GDQVOHYLOODJHGH.RGLDNUR
5pKDELOLWDWLRQGXV\VWqPH+9$GXYLOODJHG
$NURDED
'pYHORSSHUOHORJHPHQWGDQVODUpJLRQGXVXGFRPRH
&RQVWUXFWLRQGHGL[ORJHPHQWVVRFLDX[GDQVODORFDOLWHG
DIILHQRXLQLWLHHSDUOHJURXSHMDFTXHVEDWWHUVEDX[jOR\HUV
'pYHORSSHUO
pFODLUDJHSXEOLFGDQVODUpJLRQGXVXGFRPRH
([WHQVLRQGXUpVHDXpOHFWULTXHjPRQGRXNRX
(OHFWULILFDWLRQGHTXDWUHYLOODJHVGDQVODUpJLRQNRXDPHNURDOORKRUHEDELDQLKDHWPRKRXDSODWHDXHWGHO
XVLQHGHSRLVVRQ
([WHQVLRQGHO
pOHFWULILFDWLRQGXYLOODJHG
(KRXHVVHER
(OHFWULILFDWLRQGXYLOODJHGHWFKDQWFKrYr
5DFFRUGHPHQWDXUpVHDXpOHFWULTXHDXFROOqJHPRGHUQHGHPDIpUpDYHFSRVHGHSRWHDX[
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
'pYHORSSHUOHVpTXLSHPHQWVFROOHFWLIVGDQVODUpJLRQGXVXGFRPRH
$FTXLVLWLRQIRQFLqUHSRXUODUHJLRQ
/RWLVVHPHQWGHWURLVORFDOLWpVGDQVODUpJLRQ9LWUp9LWUpHW*QDQNHGRXJRX
&RQVWUXFWLRQGHGHX[DSSDWDPHVj(WXHVVLNDHWj1
JDOZD
$PpQDJHPHQWIRQFLHUGHWURLVVLWHVSRXUODUpDOLVDWLRQG
pGLILFHVGDQVODUpJLRQ
$FTXpULUGHVDSSDUHLOVHWGXPDWpULHOWKpUDSHXWLTXHGDQVODUpJLRQGXVXGFRPRH
$FTXLVLWLRQG
XQIDXWHXLOGHQWDLUHSRXUO
K{SLWDOJpQpUDOGH%2128$
'pYHORSSHUGHVVHUYLFHVKRVSLWDOLHUVJpQpUDX[GDQVODUpJLRQGXVXGFRPRH
&RQVWUXFWLRQG
XQGLVSHQVDLUHj0
EUDWW\H[WHQVLRQGHO
K{SLWDOJpQpUDOGH%RQRXDDFKqYHPHQWGXFHQWUHGHVDQWpj(WXHERXpHW&RQVWUXFWLRQ
G
XQHVDOOHVSpFLDOLVpHjO
K{SLWDOJpQpUDOGH7LDSRXP
'pYHORSSHUGHVGLVSHQVDLUHVHWGHVPDWHUQLWpVGDQVODUpJLRQGXVXGFRPRH
&RQVWUXFWLRQGHTXDWUHFHQWUHVGHVDQWpGDQVOHVORFDOLWpVG
(KLD(KRXHVVHER$NDNURHW$OORKRUH
&RQVWUXFWLRQGHGHX[ORJHPHQWVVRFLDX[MXPHOpVGHWURLVSLqFHVFKDFXQSRXUOHFHQWUHGHVDQWpG
DIILHQRX
&RQVWUXFWLRQGHGHX[EORFVRSpUDWRLUHVjPDIpUpHWERQRXDGHFHQWUHVGHVDQWpGDQVOHVORFDOLWpVGHDIILHQRXVDQKRXNURWRXPDQJXLH
PRQGRXNRXPRGHVWHHSOHPDQ0
%UDWW\DELDW\HWXHVVLNDGDGLHVVRPRX\DVVRXHVDQKRXPDQEHQLDNUHDNRXQRXJEHHWNDNRXNURODJXQHHWG
XQGLVSHQVDLUH
jPRKDPH
&RQVWUXFWLRQGHFLQTPDWHUQLWpVGDQVOHVORFDOLWHVGHQ]LNURG
DSSRXHVVRGHGMLPLQLNRIILNURGHNDNRXNURHWGHODUDELD
&RQVWUXFWLRQGHGHX[FHQWUHVGHVDQWpLQWpJUpVj$PDQLNURHWj'LDWRNUR
&RQVWUXFWLRQGHWURLVPDWHUQLWpVGDQVOHVORFDOLWpVGHDELDW\]RXPDQDGRXJRXPDODPDODNUR
5pKDELOLWDWLRQGXGLVSHQVDLUHGH/DUDELD
'pYHORSSHUGHVVHUYLFHVFXOWXUHOVGDQVODUpJLRQGXVXGFRPRH
&RQVWUXFWLRQG
XQFHQWUHFXOWXUHOjVDPR
&RQVWUXFWLRQGXFHQWUHFXOWXUHOGH'LE\
&RQVWUXFWLRQGXIR\HUSRO\YDOHQWG
$VVRXED
&RQVWUXFWLRQG
XQFHQWUHFXOWXUHOGDQVOHYLOODJHG
$IILpQRX
&RQVWUXFWLRQGHODFO{WXUHGXFHQWUHFXOWXUHOG
$E\OLQpDLUHPHWKDXWHXUP
'pYHORSSHUGHVVHUYLFHVGHUDGLRGLIIXVLRQGHWpOpYLVLRQHWG¢pGLWLRQGDQVODUpJLRQGXVXGFRPRH
&RQVWUXFWLRQGHVEkWLPHQWVGHODUDGLRUHJLRQDOHGX6XG&RPRH
(TXLSHPHQWGHODUDGLR5pJLRQDOH
'pYHORSSHUO
HQVHLJQHPHQWQRQGpILQLSDUQLYHDXGDQVODUpJLRQGXVXGFRPRH
&RQVWUXFWLRQG
XQEkWLPHQWGHTXDWUHVDOOHVGHFODVVHDXFHQWUHGHIRUPDWLRQDJULFROHGHPDIpUp
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODUpJLRQGXVXGFRPRH
&RQVWUXFWLRQGHVHL]HVDOOHVGHFODVVHVVFRODLUHVGDQVOHVpFROHVSULPDLUHVGHODUpJLRQ
&RQVWUXFWLRQGHGHX[FDQWLQHVVFRODLUHVGDQVOHV(33GHPRRVVRXHWG
HERLQGD
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
&RQVWUXFWLRQG
pFROHSULPDLUHSXEOLTXHGHGLDWRNUR
&RQVWUXFWLRQGHVL[FDQWLQHVVFRODLUHVGDQVOHVORFDOLWHVGHYLWUHG
D]XUHWWLG
HEUDG
DVVLQLHIUDQFHGHPRKRXDHWGHDNURDED
&RQVWUXFWLRQGHWURLVFODVVHVXQEXUHDXHWGHX[ODWULQHVSRXUODQRXYHOOHpFROHSULPDLUHGH%LOHNUR.DOHQVR
5pKDELOLWDWLRQG
XQEkWLPHQWGHWURLVVDOOHGHFODVVHVjO
(33)UDPER
&RQVWUXFWLRQGHWURLVFODVVHVHWXQEXUHDXjO
pFROHSULPDLUHGH.RGMRNUR
5pKDELOLWDWLRQGHO
pFROHSULPDLUHGH0RKDPp
&RQVWUXFWLRQG
XQEkWLPHQWGHWURLVFODVVHVODWULQHHWXQEXUHDXjO
pFROHSULPDLUHG
(ERNR
&RQVWUXFWLRQG
XQEORFGHODWULQHVDX&$&(GH.RXDNUR
(33$NRXQRXJEH
&RQVWUXFWLRQGHVHSWpFROHVSULPDLUHVGDQVOHVORFDOLWpVG
$GDRX$IILpQRX.ULQGMDER%DNRX(WXHERXp$QJERXGMRXHW%DIILD
&RQVWUXFWLRQG
XQHFDQWLQHVFRODLUHGDQVODORFDOLWpG
$]XUHWWLqPHSKDVH
5pKDELOLWDWLRQG
XQEkWLPHQWGHWURLVVDOOHVGHFODVVHjO
(337ROLHVVR
$FTXLVLWLRQGHWDEOHVEDQFVSRXUOHVpWDEOLVVHPHQWVSULPDLUHVGHOD5pJLRQ(336RXEUp(331
GDNUR(33*DRXVVRXNURHW(33.RKRXURX
&RQVWUXFWLRQG
pFROHSULPDLUHGH0DIpUp
5pKDELOLWDWLRQGHGHX[EkWLPHQWVGHWURLVVDOOHVGHFODVVHjO
pFROHSULPDLUHG
$GLKDR6SGH%RQRXD
&RQVWUXFWLRQG
XQHODWULQHGHVL[FDELQHVjO
(33%,$.$
HQVHLJQHPHQWVHFRQGDLUHGDQVODUpJLRQGXVXGFRPRH
&RQVWUXFWLRQGHRQ]HFROOqJHVG
XQO\FpHGHVL[EkWLPHQWVGHFODVVHGHWUHQWHVL[VDOOHVGHFODVVHHWGHWURLVFO{WXUHVGDQVOD
UpJLRQ
&RQVWUXFWLRQGHODFO{WXUHGXO\FpHPXQLFLSDOGHPDIHUH
&RQVWUXFWLRQG
XQEkWLPHQWpYROXWLIGHTXDWUHVDOOHVGHFODVVHEXUHDXODWULQHVDX/\FpH0XQLFLSDOG
$GLDNp
5pKDELOLWDWLRQGXEkWLPHQW5GX/\FpH0XQLFLSDOG
$GLDNp
5pKDELOLWDWLRQGHO
LQILUPHULHGXO\FpHPXQLFLSDOGH7LDSRXP
5pKDELOLWDWLRQGHEkWLPHQWVGHVHL]HFODVVHVDXO\FpHG
$ERLVVRWURLVEkWLPHQWVHWDXFROOqJHPRGHUQHG
$ERLVVRXQEkWLPHQWpYROXWLI
&RQVWUXFWLRQG
XQSUpDXDXO\FpHPRGHUQHGH*UDQG%DVVDP
5pKDELOLWDWLRQGHODFO{WXUHDYHFSRVHG
RXYUDJHVGHGUDLQDJHDXO\FpHPXQLFLSDOGH%RQRXD
&RQVWUXFWLRQGHTXDWUHVDOOHVGHFODVVHVDXO\FpHPRGHUQHGH%RQRXD
(TXLSHPHQWHQPDWpULHOLQIRUPDWLTXHGHWURLVO\FpHVGHODUpJLRQ$.$$28(/(GH%LDQRXDQ$GLDNpHW7LDSRXP
5pKDELOLWDWLRQGXEkWLPHQW5GXO\FpHPXQLFLSDOG
$GLDNp.21$1&DPLOOHG
$GLDNp
3URPRXYRLUODUHFKHUFKHHWOHGpYHORSSHPHQWGDQVOHGRPDLQHGHO
HQVHLJQHPHQWGDQVODUpJLRQGXVXGFRPRH
(WXGHVDUFKLWHFWXUDOHVGXFHQWUHGHIRUPDWLRQUpJLRQDODJULFROH
HQVHLJQHPHQWVHFRQGDLUHGDQVODUpJLRQGXVXGFRPRH
$FKqYHPHQWG
XQEkWLPHQWGHTXDWUHFODVVHVDXFROOqJHPRGHUQHGHELDQRXDQ
&RQVWUXFWLRQGHODFO{WXUHGXFROOqJHDNDDRXHOHGHELDQRXDQ
&RQVWUXFWLRQGHTXDWUHFODVVHVDYHFGHX[EXUHDX[DYHFXQHWRLOHWWHDXFROOqJHPRGHUQHGHQRXDPRX
5pDOLVDWLRQGHSDVVHUHOOHVDXFROOqJHPRGHUQHG
DVVLQLHPDILD
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
5pIHFWLRQGXUpVHDXpOHFWULTXHGXFROOqJHG
$VVLQLH0DILD
5pKDELOLWDWLRQGXEkWLPHQW5GXFROOqJHPRGHUQH$KLJEH.RIILNUR
&RQVWUXFWLRQGHTXDWUHFODVVHVDXHUpWDJHGXFROOqJHPRGHUQHGH1Rp
&RQVWUXFWLRQGHGHX[FROOqJHVDVVRXLQGHHWYLWUHHWGHGHX[EkWLPHQWVpYROXWLIVGHFODVVHVDX[FROOqJHVPRGHUQHVG
DERLVVRHWGH
NRXDNUR
(TXLSHPHQWHQPRELOLHUVGHEXUHDXGHVEkWLPHQWVDGPLQLVWUDWLIVGHVFROOqJHVG
$GMRXDQ0DIpUpHW.HWHVVR
&RQVWUXFWLRQG
XQEkWLPHQWpYROXWLIGHTXDWUHVDOOHVGHFODVVHEXUHDXODWULQHVDXFROOqJHPRGHUQH$GMRXDQ0RKRXD
&RQVWUXFWLRQG
XQEkWLPHQWpYROXWLIGHTXDWUHVDOOHVGHFODVVHEXUHDXODWULQHVDXFROOqJHPRGHUQHGH$E\$ELDW\
&RQVWUXFWLRQG
XQEkWLPHQWpYROXWLIGHTXDWUHVDOOHVGHFODVVHEXUHDXEkWLPHQW%DXFROOqJHPRGHUQHGH<DRX63%RQRXD
&RQVWUXFWLRQGHGHX[EORFVVDQLWDLUHVGDQVOHVFROOqJHVGH9LWUpHW$VVRXLQGH
&RQVWUXFWLRQGHTXDWUHEORFVVDQLWDLUHVGDQVOHVQRXYHDX[FROOqJHVGH0DIpUp$GMRXDQ0RKRXD$E\$ELDW\HW$SSRXHVVR
&RQVWUXFWLRQG
XQEkWLPHQWpYROXWLIGHTXDWUHVDOOHVGHFODVVHEXUHDXODWULQHVDXFROOqJHPRGHUQHG
$SSRXHVVR
&RQVWUXFWLRQG
XQEkWLPHQWpYROXWLIGHTXDWUHVDOOHVGHFODVVHGHX[EXUHDX[XQHWRLOOHWWHDXFROOqJHPRGHUQHGH6DPR
5pKDELOLWDWLRQGXFROOqJHPRGHUQHG
$VVLQLH0DILD
&RQVWUXFWLRQGXEORFVDQLWDLUHGXFROOqJHPRGHUQHGH<DRX63%RQRXD
$FTXLVLWLRQGHTXDWUHFHQWWDEOHVEDQFVSRXUWURLVFROOqJHVGHOD5pJLRQ1Rp$IILpQRX$GMRXDQ
5pKDELOLWDWLRQGHVJDUGHVFRUSVGHVEkWLPHQWV$HW%GXFROOqJH0RGHUQH-DFTXHV%$77(56G
$IILpQRX
&RQVWUXFWLRQGHTXDWUHVDOOHVGHFODVVHGHX[EXUHDX[XQHODWULQHDXHUpWDJHGXEkWLPHQWpYROXWLIGXFROOqJHPRGHUQH
1
]LNUR$KLJEp.RIILNUR
&RQVWUXFWLRQG
XQEkWLPHQWpYROXWLIGHTXDWUHVDOOHVGHFODVVHEXUHDXODWULQHVDXFROOqJHPRGHUQHG
$NDNUR
5pKDELOLWDWLRQGXEkWLPHQWDGPLQLVWUDWLIGXFROOqJH0RGHUQH-DFTXHV%$77(56G
$IILpQRX
&RQVHLO5pJLRQDOGH6DQ3HGUR6DQSHGUR
3HUVRQQHO
$VVXUHUOHWUDLWHPHQWVDODULDOGXSHUVRQQHOGXFRQVHLOUpJLRQDOGHVDQSHGUR
$VVXUHUOHWUDLWHPHQWVDODULDOGXSHUVRQQHOGX&RQVHLO5pJLRQDOGH6DQ3HGUR
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGXFRQVHLOUpJLRQDOGHVDQSHGUR
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODUpJLRQGH6DQ3HGUR
,QYHVWLVVHPHQWV
'pYHORSSHUOHVWUDQVSRUWVURXWLHUVGDQVODUpJLRQGHVDQSHGUR
5HSURILODJHORXUGGH.PVGHURXWHGHWHUUHGDQVOD5pJLRQ
5HSURILODJHORXUGGH.PVGHURXWHVHQWHUUHGDQVOD5pJLRQ$[H6pNUpNp*QpQDKRXORNp3DWDNp+\UUp,ERNpY.P$[H
F{WLqUH0pQROp7DNRUR2XUR1pWURJERXSp*UDQGEpUpE\.P$[HFDUUHIRXU*OLJEHXDGML'RED.P
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
'pYHORSSHUODGLVWULEXWLRQOHVHQWUHS{WVHWOHVPDJDVLQVGDQVODUpJLRQGHVDQSHGUR
&RQVWUXFWLRQGHGL[PDUFKpVGHW\SH)5$5GDQVOHVORFDOLWpVGH*URERQRXGDQ*DJQ\%ODKRX*DELDGML2XHRXOR%RLJQ\NUR7RXLK2ORGLR
'MRXURXWRXHW3DUD
'pYHORSSHUOHVpTXLSHPHQWVFROOHFWLIVGDQVODUpJLRQGHVDQSHGUR
&RQVWUXFWLRQGHODOLJQHPR\HQQHWHQVLRQGH5RFj0DQ\EpUpE\
WUDYDX[GHORWLVVHPHQWHWG
DERUQHPHQWGHVORFDOLWpVGH0DULHFKDQWLHUORWV6RNORGRJEDORWV1LDPNH\NURORWV0DGLp
ORWV*EpOpWRORWV3RXQLpORWV*EDKLURORWV*UDQGGMRXURXORWVHW'RXRSRORWV
'pYHORSSHUO
pFODLUDJHSXEOLFGDQVODUpJLRQGHVDQSHGUR
(OHFWULILFDWLRQGHYLQJWORFDOLWpVGDQVODUpJLRQ%UD]DYLOOH2XDWp.ODQD*QDZOD2XLOLVVR.DNR7RXUpGRXJRX3HWLWSpGUR%ODKRX5RF
1pURPHU%RXSp6RXEODNp'DKRUR*DJQ\.RXDGLRNUR1pKLRQQLp%RXEpOpHW<RXZDVVRFRQVWUXFWLRQGHOD071DQp.ODQD
'pYHORSSHUOHORJHPHQWGDQVODUpJLRQGHVDQSHGUR
&RQVWUXFWLRQG
XQORJHPHQWVRFLDOj<pRXNSD
'pYHORSSHUO
DOLPHQWDWLRQHQHDXGDQVODUpJLRQGHVDQSHGUR
5pDOLVDWLRQHWpTXLSHPHQWGHVHL]HSRPSHVK\GUDXOLTXHVYLOODJHRLVHVGDQVOHVORFDOLWpVGH3RSRNR3RGLR.SRWp6DLQW
'RPLQLTXH3RWRX7DKDGML'RWRXHW.R\pNUR2XpRXOR3HWLW1DGR1pUR%RXSp2XURHW.RQRXNR
'pYHORSSHUGHVGLVSHQVDLUHVHWGHVPDWHUQLWpVGDQVODUpJLRQGHVDQSHGUR
&RQVWUXFWLRQGHWUHL]HLQIUDVWUXFWXUHVVDQLWDLUHVFHQWUHVGHVDQWpj.UpPRXp2XpOpNp*URERQRXGDQHW%RLJQ\NURGLVSHQVDLUHVj1RQRXDHW
<pRXNSDFO{WXUHGX&+5GH6DQSpGURSDYLOORQG
KRVSLWDOLVDWLRQjO
K{SLWDOGH7DERX
&RQVWUXFWLRQG
XQHPDWHUQLWpGDQVOHVORFDOLWpVGH*R]RQHW1pND
&RQVWUXFWLRQGHWUHL]HLQIUDVWUXFWXUHVVDQLWDLUHVPDWHUQLWpGH'RJER2XpJXLUp3RGRXpGH'DSR,ERNpHWGH*QDWR
$FTXpULUGHVDSSDUHLOVHWGXPDWpULHOWKpUDSHXWLTXHGDQVODUpJLRQGHVDQSHGUR
$FTXLVLWLRQGHPDWpULHOVELRPpGLFDX[SRXUOHVpWDEOLVVHPHQWVVDQLWDLUHVGHODUpJLRQVHUYLFHGHUpDQLPDWLRQDX&+5GH6DQSpGURVHUYLFH
G
KpPRGLDO\VHDX&+5GH6DQSpGURFHQWUHGHVDQWpXUEDLQGH*UDQGEpUpE\FHQWUHGHVDQWpGH'REDHWOHFHQWUHGHVDQWpG
,ERNp
HQVHLJQHPHQWVHFRQGDLUHGDQVODUpJLRQGHVDQSHGUR
&RQVWUXFWLRQGHVHSWFROOqJHVj'MRXURXWRX'RED2ORGLR'RJER'DSR,ERNp0RXVVDGRXJRXHW'MDPDGLRNp
&RQVWUXFWLRQG
XQFROOqJHPRGHUQHDXTXDUWLHU=LPEDEZp
HQVHLJQHPHQWVHFRQGDLUHGDQVODUpJLRQGHVDQSHGUR
$FTXLVLWLRQGHFLQTPLOOHVL[FHQWVWDEOHVEDQFVFHQWWUHQWHWDEOHVHWFHQWWUHQWHFKDLVHVSRXUOHVO\FpHVHWFROOqJHVGHODUpJLRQ,(3
6DQ3pGUR,(3%pUpE\,(3*DELDGML,(3'RED,(3'RJER
&RQVWUXFWLRQG
LQIUDVWUXFWXUHVVFRODLUHVGDQVOHVO\FpHVHWFROOqJHVGHOD5pJLRQFODVVHV5DXFROOqJHGH*UDEREkWLPHQWDGPLQLVWUDWLIDX
O\FpHPXQLFLSDOGH6DQSpGURODFO{WXUHGHVO\FpHVPXQLFLSDX[HWGH6DQSpGURXQEkWLPHQWGHKXLWVDOOHVGHFODVVHV5XQEORFODWULQHVDX
O\FpHSURIHVVLRQQHOGH6DQSpGUR
&RQVWUXFWLRQGHO\FpHVHWFROOqJHVGDQVODUpJLRQWURLVEkWLPHQWVGHKXLWFODVVHV5DXFROOqJHGH*DELDGMLHWO\FpHPXQLFLSDOGH6DQ
SpGURGHX[EkWLPHQWVGHWURLVFODVVHVDXFROOqJHPXQLFLSDOGH*UDQGEpUpE\HWDXFROOqJHPXQLFLSDOGH6DQ3pGUREkWLPHQWDGPLQLVWUDWLI
EORFODWULQHDXFROOqJHGH*DELDGMLHWXQIR\HUSRO\YDOHQWDXO\FpHPXQLFLSDOGH*UDQG%pUpE\
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODUpJLRQGHVDQSHGUR
$FTXLVLWLRQGHTXDWUHPLOOHFLQTFHQWWDEOHVEDQFVFHQWFLQTXDQWHWDEOHVHWFHQWFLQTXDQWHFKDLVHVSRXUOHVpFROHVSULPDLUHVGH
OD5pJLRQ,(36DQ3pGUR,(3%pUpE\,(3*DELDGML,(3'RED,(3'RJER
&RQVWUXFWLRQGHGHX[VDOOHVGHFODVVHEXUHDX[ODWULQHVSRXUOHVpFROHVGH*QLW\HWGH'MRXURXWRX
&RQVWUXFWLRQG
XQEkWLPHQWGHWURLVVDOOHVGHFODVVHEXUHDXODWULQHVGDQVOHVORFDOLWpVGH3DUDHW6RNORGRJED
&RQVWUXFWLRQG
pFROHVSULPDLUHVSXEOLTXHVGDQVODUpJLRQ6RXEODNp'pKLpNp3RSRNR'RED7DKDGML'RWRX*URERQRXGDQ7RXR,ERNp2XDWp
3RGLR%RLJQ\NUR.DNR0DULHFKDQWLHU1RXQRXD'MDSDGMLHWj'R6DNDVVRX
'pYHORSSHUO
HQVHLJQHPHQWSUppOpPHQWDLUHGDQVODUpJLRQGHVDQSHGUR
&RQVWUXFWLRQG
XQEkWLPHQWGHWURLVVDOOHVGHFODVVHEXUHDXODWULQHVFO{WXUHjO
pFROHSUpVFRODLUHGH1LJUp'MRXURXWRXHW1pND
'pYHORSSHUOHVVHUYLFHVGHSROLFHGDQVODUpJLRQGHVDQSHGUR
&RQVWUXFWLRQGHVHSWSRVWHVGHVXUYHLOODQFHGHJHQGDUPHULHGDQVODUpJLRQ0RXVVDGRXJRX'RED'RJER*DELDGML3UROOR3DUDHWj1LSORX
&RPPXQHV
&RPPXQHGH*RXOLD
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHJRXOLD
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH*RXOLD
,QYHVWLVVHPHQWV
'pYHORSSHUOHORJHPHQWGDQVODFRPPXQHGHJRXOLD
&RQVWUXFWLRQGHORJHPHQWVVRFLDX[GHSLqFHVj6DPDNRQDHWj*RXOLD
'pYHORSSHUOHVpTXLSHPHQWVFROOHFWLIVGDQVODFRPPXQHGHJRXOLD
/RWLVVHPHQWGHORWVj1LDUDODHWj.RKRPD
'pYHORSSHUO
DOLPHQWDWLRQHQHDXGDQVODFRPPXQHGHJRXOLD
5pDOLVDWLRQGHSRPSHVK\GUDXOLTXHVjPRWULFLWpKXPDLQHGDQVOHVYLOODJHVGH0¢%pEODODHW.RKRPDGDQVODFRPPXQHGH*RXOLD
'pYHORSSHUODGLVWULEXWLRQOHVHQWUHS{WVHWOHVPDJDVLQVGDQVODFRPPXQHGHJRXOLD
5pKDELOLWDWLRQGHVGHX[KDQJDUVHWG¢XQPDJDVLQDXPDUFKpGH*28/,$
'pYHORSSHUGHVGLVSHQVDLUHVHWGHVPDWHUQLWpVGDQVODFRPPXQHGHJRXOLD
5pKDELOLWDWLRQGXEkWLPHQWGHVVXLWHVGHFRXFKHVDXFHQWUHGHVDQWpXUEDLQ&68GH*28/,$
'pYHORSSHUGHVVHUYLFHVFXOWXUHOVGDQVODFRPPXQHGHJRXOLD
5pKDELOLWDWLRQGXIR\HUSRO\YDOHQWGH*RXOLD
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
'pYHORSSHUOHVDXWUHVVHUYLFHVJpQpUDX[GDQVODFRPPXQHGHJRXOLD
5pIHFWLRQGXEkWLPHQWGHOD0DLULH
$FTXLVLWLRQGHWURLVPRWRVSRXUOHVHUYLFHILQDQFLHUHWODSROLFHPXQLFLSDO
&RPPXQHGH1LRIRLQ
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHQLRIRLQ
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH1LRIRLQ
,QYHVWLVVHPHQWV
'pYHORSSHUODGLVWULEXWLRQOHVHQWUHS{WVHWOHVPDJDVLQVGDQVODFRPPXQHGHQLRIRLQ
&RQVWUXFWLRQGHTXLQ]HPDJDVLQVDXPDUFKpGH1LRIRLQ
'pYHORSSHUO
pFODLUDJHSXEOLFGDQVODFRPPXQHGHQLRIRLQ
([WHQVLRQGXUpVHDXpOHFWULTXHGDQVODYLOOH1LRIRLQ
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODFRPPXQHGHQLRIRLQ
&RQVWUXFWLRQGHKXLWEORFVVDQLWDLUHVjWURLVFDELQHVFKDFXQGDQVOHVpFROHVSULPDLUHVGHODFRPPXQHGH1LRIRLQ(331LRIRLQ(33
1LRIRLQ(33NDOqKq(337ROPDQ(336L\HOLKRXR(33/RXNSDQ(33.DPDQKDQ(339RJR
&RPPXQHGH%X\R
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHEX\R
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH%X\R
,QYHVWLVVHPHQWV
'pYHORSSHUOHVWUDQVSRUWVURXWLHUVGDQVODFRPPXQHGHEX\R
5HSURILODJHORXUGGHNPGHSLVWHVGHODFRPPXQHGH%X\RHWRXYHUWXUHGHNPGHYRLHVj%X\R
'pYHORSSHUO
pFODLUDJHSXEOLFGDQVODFRPPXQHGHEX\R
([WHQVLRQGXUpVHDXpOHFWULTXHGDQVOHVTXDUWLHUVGH%X\REHOOHYLOOHDYLDWLRQWFKHPDVVR%X\RODFGMLQDVVR
'pYHORSSHUGHVGLVSHQVDLUHVHWGHVPDWHUQLWpVGDQVODFRPPXQHGHEX\R
&RQVWUXFWLRQG
XQGLVSHQVDLUHj$VVDPRLNUR
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
&RQVWUXFWLRQG
XQGLVSHQVDLUHj$GRXNRXDVVLNUR
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODFRPPXQHGHEX\R
&RQVWUXFWLRQG
XQEkWLLPHQWGHWURLVVDOOOHVGHFODVVHXQEORFGHODWULQHVjWURLVFDELQHVjO
(330XQLFLSDOLWp
&RQVWUXFWLRQG
XQEkWLPHQWGHWURLVVDOOHVGHFODVVHVXQEXUHDXXQEORFGHODWULQHjTXDWUHFDELQHVjTXDUWLHU%HOOHYLOOH
&RPPXQHGH/DNRWD
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHODNRWD
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH/DNRWD
,QYHVWLVVHPHQWV
'pYHORSSHUODGLVWULEXWLRQOHVHQWUHS{WVHWOHVPDJDVLQVGDQVODFRPPXQHGDQVODNRWD
&RQVWUXFWLRQGHGL[PDJDVLQVDXPDUFKpGH'DKLULGDQVOD&RPPXQHGH/DNRWD
3RVHGHPGHSDYpVDXPDUFKpGH.RXGRXOLOLpH[WHQVLRQ
5pKDELOLWDWLRQGXPDUFKp86$,'HQIDFHGHOD0DLULH
'pYHORSSHUOHVWUDQVSRUWVURXWLHUVGDQVODFRPPXQHGDQVODNRWD
5HSURILODJHORXUGGHVHSWNPGHURXWHGDQVODFRPPXQHGH/DNRWD
'pYHORSSHUODJHVWLRQGHVGpFKHWVGDQVODFRPPXQHGDQVODNRWD
&RQVWUXFWLRQGHTXLQ]HEDFVjRUGXUHVGDQVOHVTXDUWLHUVGHODYLOOHGH/DNRWD
'pYHORSSHUO
DOLPHQWDWLRQHQHDXGDQVODFRPPXQHGDQVODNRWD
([WHQVLRQGXUpVHDXG
DGGXFWLRQG
HDXSRWDEOHGDQVOHVTXDUWLHUVVXGGHODYLOOHGH/DNRWD=HJDH[WHQWLRQKDELWDQW&DQDOHWFDQDO
'pYHORSSHUGHVGLVSHQVDLUHVHWGHVPDWHUQLWpVGDQVODFRPPXQHGDQVODNRWD
&RQVWUXFWLRQG
XQHPDWHUQLWpDXFHQWUHGHVDQWpXUEDLQGXTXDUWLHUNRXGRXOLOLHYLOODJH
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODFRPPXQHGDQVODNRWD
5pKDELOLWDWLRQGHVUDPSHVG
HVFDOLHUVGHV(33GLVSHQVDLUHHWGH/DNRWD
&RQVWUXFWLRQGHTXDWUHFDQWLQHVVFRODLUHVGDQVOHV(33GH'MLGMp%RXNp$NDEUHERXDHW'MURJDOLWOLpGDQVODFRPPXQHGH/DNRWD
5pKDELOLWDWLRQGHWURLVVDOOHVGHFODVVHSOXVTXDWUHFDELQHVGHWRLOHWWHVGHODPDWHUQHOOHGXJURXSHVFRODLUHGLVSHQVDLUHGH/DNRWD
'pYHORSSHUGHVVHUYLFHVUpFUpDWLIVHWVSRUWLIVGDQVODFRPPXQHGDQVODNRWD
&RQVWUXFWLRQGHGHX[SUpDX[j=pJDqUHH[WHQVLRQ
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
'pYHORSSHUOHVVHUYLFHVGHSURWHFWLRQFLYLOHGDQVODFRPPXQHGDQVODNRWD
3RVHGHWURLVSRWHDX[G
LQFHQGLHj/DNRWDDXJUDQGFDUUHIRXUHQIDFHGHOD0DLULHHWHQIDFHGHVEXUHDX[GHOD3RVWHGH&{WHG
,YRLUH
&RPPXQHGH.RXQDKLUL
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHNRXQDKLUL
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH.RXQDKLUL
,QYHVWLVVHPHQWV
'pYHORSSHUODGLVWULEXWLRQOHVHQWUHS{WVHWOHVPDJDVLQVGDQVODFRPPXQHGHNRXQDKLUL
&RQVWUXFWLRQGHKDQJDUVGDQVOHPDUFKpGH.RXQDKLUL
'pYHORSSHUOHVpTXLSHPHQWVFROOHFWLIVGDQVODFRPPXQHGHNRXQDKLUL
$FKDWG¢pTXLSHPHQWGHODUDGLRFRPPXQDOH
$PpQDJHPHQWGHVORFDX[GHOD5DGLRFRPPXQDOHj.RXQDKLUL
'pYHORSSHUO
pFODLUDJHSXEOLFGDQVODFRPPXQHGHNRXQDKLUL
([WHQVLRQGXUpVHDXpOHFWULTXHGHODYLOOHGH.281$+,5,PqWUHVOLQpDLUHV
'pYHORSSHUGHVGLVSHQVDLUHVHWGHVPDWHUQLWpVGDQVODFRPPXQHGHNRXQDKLUL
5pKDELOLWDWLRQGXFHQWUHGHVDQWpGH.RXQDKLUL
'pYHORSSHUGHVVHUYLFHVFXOWXUHOVGDQVODFRPPXQHGHNRXQDKLUL
5pKDELOLWDWLRQGXIR\HUSRO\YDOHQWGH.RXQDKLUL
'pYHORSSHUGHVVHUYLFHVUpFUpDWLIVHWVSRUWLIVGDQVODFRPPXQHGHNRXQDKLUL
$PpQDJHPHQWG
XQWHUUDLQPXOWLVSRUWDYHFODWULQHVHWYHVWLDLUHVj.281$+,5,
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODFRPPXQHGHNRXQDKLUL
&RQVWUXFWLRQG
XQEkWLPHQWGHWURLVVDOOHVGHFODVVHVEXUHDXGDQVFKDFXQHGHVpFROHVSULPDLUHVGH.281$+,5,HW
628528.28662HW*2/,3$
5pKDELOLWDWLRQWRWDOHGHVEkWLPHQWVGHVpFROHVGH*%(:$*5$+,3/$HW628528.28662
&RQVWUXFWLRQG¢XQEkWLPHQWGHWURLVVDOOHVGHFODVVHDYHFEXUHDXHWODWULQHVDXTXDUWLHU./$1*2
&RPPXQHGH%RXQGLDOL
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHERXQGLDOL
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH%RXQGLDOL
,QYHVWLVVHPHQWV
'pYHORSSHUOHVWUDQVSRUWVURXWLHUVGDQVODFRPPXQHGHERXQGLDOL
5HSURILODJHORXUGHWRXYHUWXUHGHVUXHVNPGHWRXVOHVYLOODJHV1LDQLRQD[H%RXQGLDOL.RUKRJR7RPERXJRX6DPRURVVRD[H7HQJUHOD
%RXQGLDOL1RQGDUDD[H%RXQGLDOL2GLpQp
'pYHORSSHUO
K{WHOOHULHHWODUHVWDXUDWLRQGDQVODFRPPXQHGHERXQGLDOL
$PpQDJHPHQWG¢XQHVSDFHJDVWURQRPLTXHDXTXDUWLHU+DLGDUD
'pYHORSSHUOHVDIIDLUHVpFRQRPLTXHVQRQFODVVpHVDLOOHXUVQFDGDQVODFRPPXQHGHERXQGLDOL
5pKDELOLWDWLRQGXPDUFKpFHQWUDOGH%RXQGLDOL
$FTXpULUGHVDSSDUHLOVHWGXPDWpULHOWKpUDSHXWLTXHGDQVODFRPPXQHGHERXQGLDOL
eTXLSHPHQWGXFHQWUHGHVDQWpGXTXDUWLHU%pOpHQPDWpULHOVGHVDQWp
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODFRPPXQHGHERXQGLDOL
&RQVWUXFWLRQGHVFDQWLQHVVFRODLUHVGHVpFROHVSULPDLUHVSXEOLTXHV7LRJRQDH[WHQVLRQ'RVVDIq)RIDQD%DNDU\'DR7DUDJR.RQp
5pKDELOLWDWLRQGHVODWULQHVGHVpFROHVSULPDLUHVSXEOLTXHV'RVVDIH)RIDQD6RPD.RQDWp%DNDU\'DR7DUDJR.RQp
&RQVWUXFWLRQGHVODWULQHVGHVpFROHVSULPDLUHVSXEOLTXHV,EUDKLP.RQp7RPERXJRX6DPRURVVR1RQGDUD1LDQLRQ
'pYHORSSHUODSUpVHUYDWLRQGHODGLYHUVLWpELRORJLTXHHWODSURWHFWLRQGHODQDWXUHGDQVODFRPPXQHGHERXQGLDOL
$PpQDJHPHQWG¢XQMDUGLQSXEOLFSUqVGHOD3UpIHFWXUH
'pYHORSSHUODJHVWLRQGHVHDX[XVpHVGDQVODFRPPXQHGHERXQGLDOL
&RQVWUXFWLRQGHPGHFDQLYHDX[FPDXTXDUWLHU+DLGDUD
&RPPXQHGH%RGRNUR
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHERGRNUR
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH%RGRNUR
,QYHVWLVVHPHQWV
'pYHORSSHUOHVWUDQVSRUWVURXWLHUVGDQVODFRPPXQHGHERGRNUR
5HSURILODJHORXUGGHNPGHYRLHVj%RGRNUR(QWUpH6RUWLHGH%RGRNURNPPDLULHVRUWLHGH%RGRNURNP,ORW,ORW
P*DUHURXWLqUH,ORWNPLORWLORWNPPRVTXpHLORWPFDUUHIRXUFROOqJHPRGHUQHLORWNP
'pYHORSSHUO
DOLPHQWDWLRQHQHDXGDQVODFRPPXQHGHERGRNUR
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
5pDOLVDWLRQG
XQIRUDJHDXTXDUWLHUFRPPHUFHGH%RGRNUR
&RQVWUXFWLRQG
XQH3RPSHj0RWULFLWp+XPDLQH30+j'MRXNRXNURGDQVODFRPPXQHGH%RGRNUR
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODFRPPXQHGHERGRNUR
$FTXLVLWLRQGHWDEOHEDQFVEXUHDX[SRXUVL[VDOOHVGHFODVVHVGDQVOHV(333ODWHDXFODVVHVHW(33.RQJRVVRXFODVVHV
&RQVWUXFWLRQG
XQEkWLPHQWGHWURLVVDOOHVGHFODVVHODWULQHVjWURLVFDELQHVjO
(33.RQJRVVRX
&RPPXQHG
2XPp
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHG
RXPH
2XPH
,QYHVWLVVHPHQWV
'pYHORSSHUOHVWUDQVSRUWVURXWLHUVGDQVODFRPPXQHG
RXPH
7UDLWHPHQWGHSRLQWVjWHPSVGHFHUWDLQHVUXHVGHODYLOOHP$UWqUHpFROH%HKLEURDXFDUUHIRXU6.'2$WqUHPDTXLVOHYLOODJHDXSHWLW
PDUFKp%HKLEUR$UWqUHK{SLWDOJpQpUDOj+{WHOSDYLOORQ
'pYHORSSHUODGLVWULEXWLRQOHVHQWUHS{WVHWOHVPDJDVLQVGDQVODFRPPXQHG
RXPH
&RQVWUXFWLRQG
XQPDUFKpGHQXLWFRXYHUWGHWUDYpHV;j%pKLEUR
'pYHORSSHUOHVpTXLSHPHQWVFROOHFWLIVGDQVODFRPPXQHG
RXPH
5pKDELOLWDWLRQGHODPRUJXHPXQLFLSDO
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODFRPPXQHG
RXPH
&RQVWUXFWLRQG
XQEkWLPHQWGHFODVVHVEXUHDXHWXQHODWULQHjFDELQHVDXTXDUWLHU'MHPHOL
'pYHORSSHUGHVVHUYLFHVUpFUpDWLIVHWVSRUWLIVGDQVODFRPPXQHG
RXPH
&RQVWUXFWLRQG
XQWHUUDLQGHPDUUDFDQD
'pYHORSSHUOHVDXWUHVVHUYLFHVJpQpUDX[GDQVODFRPPXQHG
RXPH
5pKDELOLWDWLRQGHODVDOOHGHPDULDJH
(TXLSHPHQWGHVVHUYLFHVGHODPDLULHHQPRELOLHUV
$FTXLVLWLRQGHJUDQGVWULF\FOHVGH7SRXUODFROOHFWHGHVRUGXUHVPpQDJqUHV
&RPPXQHGH'LGLpYL
7UDQVIHUWV
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHGLGLHYL
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHGLGLpYL
,QYHVWLVVHPHQWV
'pYHORSSHUO
DOLPHQWDWLRQHQHDXGDQVODFRPPXQHGHGLGLHYL
([WHQVLRQGXUpVHDXG
DGGXFWLRQG
HDXGHVTXDUWLHUV/pRQ.RQDQ.RIILHWj'LGLpYL
'pYHORSSHUO
pFODLUDJHSXEOLFGDQVODFRPPXQHGHGLGLHYL
([WHQVLRQGHNPVGXUpVHDXpOHFWULTXHGHVTXDUWLHUV/pRQ.RQDQ.RIILHWj'LGLpYL
'pYHORSSHUO¢HQVHLJQHPHQWSUppOpPHQWDLUHGDQVODFRPPXQHGHGLGLHYL
&RQVWUXFWLRQGHWURLVVDOOHVGHFODVVHVEXUHDXSRXUODPDWHUQHOOHjO
(33623,0GDQVODYLOOHGH'LGLpYL
'pYHORSSHUOHVVHUYLFHVGHSROLFHGDQVODFRPPXQHGHGLGLHYL
&RQVWUXFWLRQG
XQFRPPLVVDULDWGHSROLFHGDQVODFRPPXQHGH',',(9,
&RPPXQHGH6LQpPDWLDOL
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHVLQHPDWLDOL
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH6LQHPDWLDOL
,QYHVWLVVHPHQWV
'pYHORSSHUOHVDXWUHVVHUYLFHVJpQpUDX[GDQVODFRPPXQHGHVLQHPDWLDOL
&RQVWUXFWLRQG¢XQSDUNLQJFRXYHUWGHPqWUHVGHORQJGDQVODFRXUGHOD0DLULH
'pYHORSSHUGHVVHUYLFHVUpFUpDWLIVHWVSRUWLIVGDQVODFRPPXQHGHVLQHPDWLDOL
$FTXLVLWLRQG¢XQHSDUFHOOHGHKDSRXUODFRQVWUXFWLRQG¢XQFRPSOH[HVSRUWLI
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODFRPPXQHGHVLQHPDWLDOL
&RQVWUXFWLRQG¢XQEkWLPHQWGHWURLVFODVVHVODWULQHVjO¢(33/RNDKD
5pKDELOLWDWLRQG¢XQEkWLPHQWGHFODVVHVEXUHDXjO
(337LRQJRIRORNDKD
$FTXLVLWLRQGHWDEOHVEDQFVFKDLVHVPDLWUHEXUHDX[PDvWUHHWDUPRLUHVGHUDQJHPHQWSRXUOHVpFROHVSULPDLUHVSXEOLTXHVGH
/RNDKDHWO¢(33&KkWHDXG¢HDX
'pYHORSSHUODGLVWULEXWLRQOHVHQWUHS{WVHWOHVPDJDVLQVGDQVODFRPPXQHGHVLQHPDWLDOL
&RQVWUXFWLRQG¢XQHODWULQHjFDELQHVDXPDUFKpGH6LQpPDWLDOL
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
&RQVWUXFWLRQG¢XQHERXFKHULHDXPDUFKpGH6LQpPDWLDOL
'pYHORSSHUOHVWUDQVSRUWVURXWLHUVGDQVODFRPPXQHGHVLQHPDWLDOL
5HSURILODJHHWRXYHUWXUHGHVYRLHVNPGHUXHGDQVODYLOOHGH6LQpPDWLDOLNPj/RNDKDHWPOGHYRLHVDXTXDUWLHU%HOOHYLOOH
H[WHQVLRQ
&RPPXQHGH7LDVVDOp
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHGHWLDVVDOH
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH7LDVVDOH
,QYHVWLVVHPHQWV
'pYHORSSHUGHVVHUYLFHVFXOWXUHOVGDQVODFRPPXQHGHGHWLDVVDOH
$FTXLVLWLRQGHPDWpULHOVLQIRUPDWLTXHVSRXUOH&HQWUHGH/HFWXUHHWG
$QLPDWLRQV&XOWXUHOOHV&/$&GH7LDVVDOp
$FTXLVLWLRQGHPDWpULHOVGLGDFWLTXHVSRXUOH&HQWUHGH/HFWXUHHWG
,QVWDOODWLRQGXV\VWqPHGHYLGpRVXUYHLOODQFHGX&HQWUHGH/HFWXUHHWG
'pYHORSSHUGHVVHUYLFHVUpFUpDWLIVHWVSRUWLIVGDQVODFRPPXQHGHGHWLDVVDOH
&UpDWLRQG
XQFHQWUHLQWpJUpGHVSRUWVHWORLVLUVGDQVODYLOOHGH7LDVVDOp
'pYHORSSHUO
HQVHLJQHPHQWSUppOpPHQWDLUHGDQVODFRPPXQHGHGHWLDVVDOH
&RQVWUXFWLRQG
XQHpFROHPDWHUQHOOHj1LDPRXpYLOODJHGHODFRPPXQHGH7LDVVDOp
'pYHORSSHUODOXWWHFRQWUHOHFK{PDJHGDQVODFRPPXQHGHGHWLDVVDOH
&RQVWUXFWLRQGHFHQWUHVG
pFRXWHVHWG
DOSKDEpWLVDWLRQj.RPHQDQNSp$NDNUR$YLpNURHW1
=XpNURYLOODJHVGHOD&RPPXQHGH7LDVVDOp
&RPPXQHGH*ERQQp
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHJERQQH
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH*ERQQH
,QYHVWLVVHPHQWV
'pYHORSSHUOHVDXWUHVVHUYLFHVJpQpUDX[GDQVODFRPPXQHGH*ERQQp
5pKDELOLWDWLRQGHV/RFDX[GHOD0DLULHGH*ERQQp
$FTXLVLWLRQGHVL[GpEURXVDLOOHXVHVSRXUOHVVHUYLFHVWHFKQLTXHVGHOD0DLULH
'pYHORSSHUODGLVWULEXWLRQOHVHQWUHS{WVHWOHVPDJDVLQVGDQVODFRPPXQHGHJERQQH
5pKDELOOLWDWLRQGX0DUFKpGH*ERQQp
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODFRPPXQHGHJERQQH
(TXLSHPHQWGHVpFROHVSULPDLUHVSXEOLTXHVGH*ERQQpHQWURLVFHQWWDEOHVEDQFV
'pYHORSSHUOHVWUDQVSRUWVURXWLHUVGDQVODFRPPXQHGHJERQQH
5pSURILODJHORXUGGHVUXHNPj*ERQQpYRLHGHODSODFHGHODSDL[jO
(33*ERQQpHQSDVVDQWSDUOHFHQWUHGHVDQWpHWODPRVTXpHYRLH
GHODSODFHGHODSDL[DXTXDUWLHU*EHQ=rJRXLQ
2XYHUWXUHGHVUXHVQHXINPj*ERQQpTXDUWLHUV.UHZDODWHFKQLTXHVGHOD0DLULH
'pYHORSSHUO
pFODLUDJHSXEOLFGDQVODFRPPXQHGHJERQQH
([WHQVLRQGHO
pOHFWULFLWpj*ERQQp
'pYHORSSHUGHVGLVSHQVDLUHVHWGHVPDWHUQLWpVGDQVODFRPPXQHGHJERQQH
&RQVWUXFWLRQG
XQFHQWUHGHVDQWpj'R]HUH*RXHWRPED
&RPPXQHGH*UDER
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHJUDER
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH*UDER
,QYHVWLVVHPHQWV
'pYHORSSHUODGLVWULEXWLRQOHVHQWUHS{WVHWOHVPDJDVLQVGDQVODFRPPXQHGHJUDER
&RQVWUXFWLRQGHFLQTPDJDVLQVj*UDERDXTXDUWLHU%DVLOHURXWHGX/\FpH
'pYHORSSHUOHVWUDQVSRUWVURXWLHUVGDQVODFRPPXQHGHJUDER
2XYHUWXUHGHVYRLHVGHORWLVVHPHQWj*UDERH[WHQVLRQHWDXTXDUWLHUEDRXOpORWV
5HSURILODJHORXUGGHTXDWUHNPGHYRLHGDQVODYLOOHGH*UDERTXDUWLHU%DRXOp%DVLOH5pVLGHQWLHOHW3ODWHDX
'pYHORSSHUO
DOLPHQWDWLRQHQHDXGDQVODFRPPXQHGHJUDER
5pDOLVDWLRQG
XQFKkWHDXG
HDXGHPqWUHVFXEHVpTXLSpG
XQV\VWqPHGHSRPSDJHDXWRPDWLTXHDX&HQWUHGH6DQWp,QWpJUp&6,GH*UDER
'pYHORSSHUO
pFODLUDJHSXEOLFGDQVODFRPPXQHGHJUDER
7UDYDX[G
H[WHQVLRQGXUpVHDXpOHFWULTXHDXTXDUWLHUGH*UDERH[WHQVLRQ
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODFRPPXQHGHJUDER
$FTXLVLWLRQGHTXDWUHFHQWFLQTXDQWHWDEOHVEDQFVSRXUOHVpFROHVSULPDLUHVGHODFRPPXQHGH*UDERUHPLVHGHVEDQFVjO
LQVSHFWLRQ
SULPDLUHGH*UDERTXLIDLWOHVDIIHFWDWLRQV
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
&RPPXQHGH7DDER
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHGHWDDER
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH7DDER
,QYHVWLVVHPHQWV
'pYHORSSHUO
pFODLUDJHSXEOLFGDQVODFRPPXQHGHGHWDDER
([WHQVLRQGXUpVHDXpOHFWULTXHGDQVOHVYLOODJHVGH1GHQRX.RNRWLNRXDPHNURHWGXQRXYHDXORWLVVHPHQWGpQRPPp7DDERRIIOqER
([WHQVLRQGXUpVHDXpOHFWULTXHGDQVOHVYLOODJHVGH7DDERHW1
'HQRX
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODFRPPXQHGHGHWDDER
&RQVWUXFWLRQGHVL[VDOOHVGHFODVVHHWG
XQEXUHDXjO
(339$+28.28$66,GXYLOODJHGH7DDER
&RQVWUXFWLRQG
XQEkWLPHQWGHWURLVVDOOHVGHFODVVHEXUHDXj1
'HQRX
'pYHORSSHUGHVVHUYLFHVFXOWXUHOVGDQVODFRPPXQHGHGHWDDER
&RQVWUXFWLRQGX&HQWUHGH/HFWXUHHWG
$QLPDWLRQ&XOWXUHOOH&/$&
&RPPXQHGH<DPRXVVRXNUR
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH<DPRXVVRXNUR
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH<DPRXVVRXNUR
,QYHVWLVVHPHQWV
'pYHORSSHUOHVWUDQVSRUWVURXWLHUVGDQVODFRPPXQHGH<DPRXVVRXNUR
5pKDELOLWDWLRQGHODYRLULHFRPPXQDOH.PGHYRLHVHQWHUUH
'pYHORSSHUODGLVWULEXWLRQOHVHQWUHS{WVHWOHVPDJDVLQVGDQVODFRPPXQHGH<DPRXVVRXNUR
$PpQDJHPHQWGXQRXYHDXPDUFKpURXWHG
2XPp
'pYHORSSHUGHVGLVSHQVDLUHVHWGHVPDWHUQLWpVGDQVODFRPPXQHGH<DPRXVVRXNUR
&RQVWUXFWLRQGHODFO{WXUHGXGLVSHQVDLUHGH.2.5(128
&RQVWUXFWLRQGHODFO{WXUHGXGLVSHQVDLUHGH0$,5,(
'pYHORSSHUO¢HQVHLJQHPHQWSULPDLUHGDQVODFRPPXQHGH<DPRXVVRXNUR
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
$FKDWGHPRELOLHUVVFRODLUHVSRXUOHVpFROHVPDWHUQHOOHVHWSXEOLTXHVGHODFRPPXQHVPLOOHFLQTFHQWWDEOHVEDQFVGHGHX[SODFHV
FLQTFHQWFKDLVHV
&RQVWUXFWLRQGHVL[FODVVHVHWXQEXUHDXjO
pFROHSULPDLUHSXEOLTXHG
DOODQJRXD1
*EHVVRX
&RQVWUXFWLRQGHVL[FODVVHVHWXQEXUHDXjO
pFROHSULPDLUHSXEOLTXHGHGMDKDNUR
5pIHFWLRQGHFLQTpFROHVSULPDLUHVSXEOLTXHVGDQVOD&RPPXQHSXEOLTXHVGDQVOD&RPPXQHGH<DPRXVVRXNUR0RURIp6LQ]LER(QHUJLH
1¢]XHVV\HW)RQGDWLRQ
&RQVWUXFWLRQG¢XQH(FROH3ULPDLUH3XEOLTXHDXTXDUWLHU0RURIp(%(1(=(5
5pKDELOLWDWLRQGHO¢(FROH3ULPDLUH3XEOLTXHDXTXDUWLHU0RURIp1¢.ORLKLGMR
&RPPXQHGH.DQDNRQR
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHNDQDNRQR
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH.DQDNRQR
,QYHVWLVVHPHQWV
'pYHORSSHUOHVDXWUHVVHUYLFHVJpQpUDX[GDQVODFRPPXQHGHNDQDNRQR
5pKDELOLWDWLRQGXEkWLPHQWGHVVHUYLFHVWHFKQLTXHVGHOD0DLULH
'pYHORSSHUOHVWUDQVSRUWVURXWLHUVGDQVODFRPPXQHGHNDQDNRQR
2XYHUWXUHGHVYRLHVj.DQDNRQR3RSRHW6LVVHQJXpNP
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODFRPPXQHGHNDQDNRQR
(33.DQDNRQRNDUJD
5pKDELOLWDWLRQGHVpFROHVSULPDLUHV$EGRXOD\H.21(HW.DUJD
&RQVWUXFWLRQGHODFO{WXUHGHO¢(33=DQLNDKD
'pYHORSSHUO
HQVHLJQHPHQWSUppOpPHQWDLUHGDQVODFRPPXQHGHNDQDNRQR
&RQVWUXFWLRQG
XQHpFROHPDWHUQHOOHGHWURLVVDOOHVGHFODVVHVEXUHDXj6LVVHQJXp
&RPPXQHGH'DEDNDOD
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH'DEDNDOD
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH'DEDNDOD
,QYHVWLVVHPHQWV
'pYHORSSHUODGLVWULEXWLRQOHVHQWUHS{WVHWOHVPDJDVLQVGDQVODFRPPXQHGH'DEDNDOD
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
&RQVWUXFWLRQGHPDJD]LQVDXPDUFKpGH'DEDNDOD
'pYHORSSHUOHVWUDQVSRUWVURXWLHUVGDQVODFRPPXQHGH'DEDNDOD
&RQVWUXFWLRQGHODJDUHURXWLqUHGH'DEDNDOD
2XYHUWXUHGHNPGHUXHVDXTXDUWLHU6DQJEDGMLQ
3RVHGHGHX[EXVHVDXTXDUWLHU1RPSOpHWXQHEXVHDXTXDUWLHU6pJDODDYHFPqWUHVGHUHPEODLVG
DFFqVGHSDUWHWG
DXWUHGHFKDTXH
EXVH
'pYHORSSHUO
pFODLUDJHSXEOLFGDQVODFRPPXQHGH'DEDNDOD
([WHQVLRQGXUpVHDXpOHFWULTXHDXTXDUWLHU5pVLGHQWLHOSRWHDX[ODQWHUQHVHWDFFHVVRLUHV
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODFRPPXQHGH'DEDNDOD
5pKDELOLWDWLRQGHVL[FODVVHVEXUHDXj(336DQDVLGRXJRXGH'DEDNDOD
&RPPXQHG
$EHQJRXURX
7UDQVIHUWV
DEHQJRXURX
$EHQJRXURX
,QYHVWLVVHPHQWV
'pYHORSSHUO
HQVHLJQHPHQWSUppOpPHQWDLUHGDQVODFRPPXQHG
DEHQJRXURX
&RQVWUXFWLRQG
XQHpFROHPDWHUQHOOHGHWURLVVDOOHVGHFODVVHSHWLWHPR\HQQHHWJUDQGHVHFWLRQXQSUpDXHWOHEXUHDXGX'LUHFWHXUj,QGpQLp
'pYHORSSHUO
DEHQJRXURX
&RQVWUXFWLRQGHWURLVVDOOHVGHFODVVHSOXVOHEXUHDXGX'LUHFWHXUj7LJRULNUR
&RQVWUXFWLRQGHWURLVVDOOHVGHFODVVHSOXVOHEXUHDXGX'LUHFWHXUj$VVRXPRXNUR
&RQVWUXFWLRQGHWURLVVDOOHVGHFODVVHDXJURXSHVFRODLUHFKkWHDX
&RQVWUXFWLRQGHWURLVVDOOHVGHFODVVHSOXVOHEXUHDXGX'LUHFWHXUj(NUDNUR
&RPPXQHGH7RXED
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHWRXED
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH7RXED
,QYHVWLVVHPHQWV
'pYHORSSHUOHVpTXLSHPHQWVFROOHFWLIVGDQVODFRPPXQHGHWRXED
&RQVWUXFWLRQG
XQDSDWDPGHUpXQLRQj6DKDOD
'pYHORSSHUO
DOLPHQWDWLRQHQHDXGDQVODFRPPXQHGHWRXED
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
([WHQVLRQGXUpVHDXG
DGGXFWLRQG
HDXSRWDEOHDX[TXDUWLHUV'DUHV6DODPHW5pVLGHQWLHOH[WHQVLRQ
5pDOLVDWLRQGHGHX[IRUDJHVpTXLSpVGHSRPSHK\GUDXOLTXHjPRWULFLWpKXPDLQHGDQVOHVYLOODJHVGH0$+$1$1HWGH<2+
'pYHORSSHUOHVWUDQVSRUWVURXWLHUVGDQVODFRPPXQHGHWRXED
5pDOLVDWLRQGHIHX[WULFRORUHVDXURQGSRLQWFHQWUDOGH7RXED
'pYHORSSHUGHVVHUYLFHVUpFUpDWLIVHWVSRUWLIVGDQVODFRPPXQHGHWRXED
&RQVWUXFWLRQG
XQFRPSOH[HVSRUWLIj7RXED
'pYHORSSHUGHVVHUYLFHVFXOWXUHOVGDQVODFRPPXQHGHWRXED
&RQVWUXFWLRQG
XQIR\HUGHVMHXQHVj1
*RORGRXJRX
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODFRPPXQHGHWRXED
&RQVWUXFWLRQG
(33/DPLQH%DK
&RQVWUXFWLRQG
XQEkWLPHQWGHWURLVVDOOHVGHFODVVHSOXVEXUHDXGDQVOHVYLOODJHVGH0LPEDODHW)REHGRXJRX
&RQVWUXFWLRQGHGHX[FDQWLQHVVFRODLUHVjO
(336DQDQNRURHWjO
(33.RXURXNRUR
'pYHORSSHUO
HQVHLJQHPHQWSUppOpPHQWDLUHGDQVODFRPPXQHGHWRXED
&RQVWUXFWLRQG
XQHpFROHSUpVFRODLUHXQEkWLPHQWGHWURLVVDOOHVGHFODVVHSOXVEXUHDXHWFLQTODWULQHVjO
(33.DPDVVHOD
'pYHORSSHUOHVDXWUHVVHUYLFHVJpQpUDX[GDQVODFRPPXQHGHWRXED
$FTXLVLWLRQGHGHX[PRWRVSRXUOHVVHUYLFHV7HFKQLTXHVGHOD0DLULH
&RPPXQHG
$JERYLOOH
7UDQVIHUWV
DJERYLOOH
$JERYLOOH
,QYHVWLVVHPHQWV
DJERYLOOH
2XYHUWXUHGHYRLHVNPGDQVOHVYLOODJHVFRPPXQDX[*UDQG0RXWFKR%DQJXLpHW$GDKRX
5pKDELOLWDWLRQGHVL[NPGHYRLHVFRPPXQDOHVHWSRVHGHSDVVDJHVGHEXVHV
'pYHORSSHUODJHVWLRQGHVGpFKHWVGDQVODFRPPXQHG
DJERYLOOH
$FTXLVLWLRQGHWULF\FOHVFDUJRSRXUOHUDPDVVDJHGHVRUGXUHVPpQDJqUHV
DJERYLOOH
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
$FTXLVLWLRQG¢XQHSDUFHOOHGHKHFWDUHVSRXUO¢H[WHQVLRQGXFLPHWLqUHPXQLFLSDO
'pYHORSSHUGHVGLVSHQVDLUHVHWGHVPDWHUQLWpVGDQVODFRPPXQHG
DJERYLOOH
&RQVWUXFWLRQG¢XQORJHPHQWG¢LQILUPLHUj(U\PDNRXJXLpGDQVODFRPPXQHG¢$JERYLOOH
'pYHORSSHUO
DJERYLOOH
&RQVWUXFWLRQG
XQEkWLPHQWGHFODVVHVHWXQEORFGHWRLOHWWHVjO
pFROHPDWHUQHOOHG
$GDKRXYLOODJH
'pYHORSSHUO
DJERYLOOH
&RQVWUXFWLRQG
XQEkWLPHQWGHWURLVFODVVHVXQEXUHDXjO
(33SODWHDX
5pKDELOLWDWLRQGHGHX[EkWLPHQWVXQGHWURLVFODVVHVHWXQGHGHX[FODVVHVXQEXUHDXjO
(33GH/DRJXLpGDQVODFRPPXQH
G
$JERYLOOH
&RQVWUXFWLRQG¢XQEkWLPHQWGHFODVVHVXQEXUHDXDYHFXQEORFGHWRLOHWWHVHQWUHOHVYLOODJHV$.$032HW',%20¢32
&RQVWUXFWLRQG¢XQHVDOOHGHFODVVHjO¢(SS2028+232GDQVODFRPPXQHG¢$JERYLOOH
&RPPXQHGH0DGLQDQL
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHPDGLQDQL
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH0DGLQDQL
,QYHVWLVVHPHQWV
'pYHORSSHUO
DOLPHQWDWLRQHQHDXGDQVODFRPPXQHGHPDGLQDQL
5pDOLVDWLRQGHTXDWUHV\VWqPHVK\GUDXOLTXHVYLOODJHRLVHVDPpOLRUpHVGDQVODFRPPXQHGH0DGLQDQL
5pKDELOLWDWLRQGXEDUUDJHK\GUDXOLTXHGH0DGLQDQL
'pYHORSSHUO
pFODLUDJHSXEOLFGDQVODFRPPXQHGHPDGLQDQL
(OHFWULILFDWLRQGXTXDUWLHUUpVLGHQWLHOGHODYLOOHGH0DGLQDQL
'pYHORSSHUOHVDXWUHVVHUYLFHVJpQpUDX[GDQVODFRPPXQHGHPDGLQDQL
5pKDELOLWDWLRQGHGL[pWDQJVSLVFLFROHVGHOD0DLULH
'pYHORSSHUODGLVWULEXWLRQOHVHQWUHS{WVHWOHVPDJDVLQVGDQVODFRPPXQHGHPDGLQDQL
$FKDWGHVL[EUR\HXVHVSRXUOHVYLOODJHVGHODFRPPXQH
'pYHORSSHUOHVWUDQVSRUWVURXWLHUVGDQVODFRPPXQHGHPDGLQDQL
5HSURILODJHORXUGGHNPGHUXHVGDQVODFRPPXQHGH0DGLQDQL
&RPPXQHGH'LDQUD
7UDQVIHUWV
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHGLDQUD
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH'LDQUD
,QYHVWLVVHPHQWV
'pYHORSSHUOHVWUDQVSRUWVURXWLHUVGDQVODFRPPXQHGHGLDQUD
$PpQDJHPHQWG¢XQHJDUHURXWLqUHDXTXDUWLHU'RKRWFKpQpSLHQ
'pYHORSSHUODGLVWULEXWLRQOHVHQWUHS{WVHWOHVPDJDVLQVGDQVODFRPPXQHGHGLDQUD
&RQVWUXFWLRQG
XQJUDQGPDUFKpPRGHUQHj'LDQUD
'pYHORSSHUGHVVHUYLFHVFXOWXUHOVGDQVODFRPPXQHGHGLDQUD
&RQVWUXFWLRQG
XQHFO{WXUHDXIR\HU3RO\YDOHQWGH'LDQUD
&RQVWUXFWLRQG
XQFHQWUHFXOWXUHOPXQLFLSDO
'pYHORSSHUGHVVHUYLFHVUpFUpDWLIVHWVSRUWLIVGDQVODFRPPXQHGHGLDQUD
&RQVWUXFWLRQG
XQPLQLFRPSOH[HVSRUWLIPXQLFLSDO
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODFRPPXQHGHGLDQUD
&RQVWUXFWLRQG¢XQEkWLPHQWGHWURLVVDOOHVGHFODVVHVjO¢pFROHSULPDLUHSXEOLTXH'LDQUD1RXYHOOH(33
&RQVWUXFWLRQG¢XQEkWLPHQWGHWURLVVDOOHVGHFODVVHVHWXQEXUHDXj.DWLDOL1RXYHOOH(33
'pYHORSSHUOHVDXWUHVVHUYLFHVJpQpUDX[GDQVODFRPPXQHGH'LDQUD
&RQVWUXFWLRQGHWURLVSDUNLQJVHWG
XQHSDVVHUHOOHj0DLULHGH'LDQUD
$FTXLVLWLRQG
XQORJLFLHOGHJHVWLRQGHVDFWHVGHO
pWDWFLYLO
$FTXLVLWLRQGHPDWpULHOVLQIRUPDWLTXHVSRXUO
DGPLQLVWUDWLRQJpQpUDOH
&RPPXQHGH6LSLORX
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHVLSLORX
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH6LSLORX
,QYHVWLVVHPHQWV
'pYHORSSHUOHVWUDQVSRUWVURXWLHUVGDQVODFRPPXQHGHVLSLORX
2XYHUWXUHGHVYRLHVGDQVOHTXDUWLHU+RXSKRXHWYLOOHKXLWNP
'pYHORSSHUODGLVWULEXWLRQOHVHQWUHS{WVHWOHVPDJDVLQVGDQVODFRPPXQHGHVLSLORX
&RQVWUXFWLRQGXPDUFKpGH6LSLORX
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODFRPPXQHGHVLSLORX
(336LSLORX
5pKDELOLWDWLRQGHVpFROHVSULPDLUHVSXEOLFV%ORPDVL[FODVVHVHW6HPDWURLVFODVVHV
(TXLSHPHQWGHVL[pFROHVSULPDLUHVGH6LSLORXHQWURLVFHQWYLQJWWDEOHVEDQFVHWHQPRELOLHUV/HV(336LSLORX6LSLORX6LSLORX
%ORPD6HPDHW,EDYLOOH
'pYHORSSHUOHVDXWUHVVHUYLFHVJpQpUDX[GDQVODFRPPXQHGH6LSLORX
$FKDWG
LQVWUXPHQWVPXVLFDX[SRXUODIDQIDUHPXQLFLSDOH
&RPPXQHGH%RXQD
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHERXQD
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH%RXQD
,QYHVWLVVHPHQWV
'pYHORSSHUOHVDXWUHVVHUYLFHVJpQpUDX[GDQVODFRPPXQHGHERXQD
5pKDELOLWDWLRQGXJDUDJHPXQLFLSDOGH%RXQD
'pYHORSSHUOHVWUDQVSRUWVURXWLHUVGDQVODFRPPXQHGHERXQD
2XYHUWXUHGHYLQJWNLORPqWUHVGHYRLHVGDQVOHVTXDUWLHUVGHODYLOOH
'pYHORSSHUO
K{WHOOHULHHWODUHVWDXUDWLRQGDQVODFRPPXQHGHERXQD
5pKDELOLWDWLRQGHO
DXEHUJHPXQLFLSDOHGH%RXQD
'pYHORSSHUOHVpTXLSHPHQWVFROOHFWLIVGDQVODFRPPXQHGHERXQD
$PpQDJHPHQWGXFLPpWLqUHPXQLFLSDOGH%RXQD
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODFRPPXQHGHERXQD
(TXLSHPHQWHQPRELOLHUVVFRODLUHVGHO
(33'MHPLWpGRXR
(TXLSHPHQWGHGHX[EkWLPHQWVGHWURLVFODVVHVEXUHDXHWFDQWLQHHQPRELOLHUVjO
(336(+2
'pYHORSSHUGHVGLVSHQVDLUHVHWGHVPDWHUQLWpVGDQVODFRPPXQHGHERXQD
&RQVWUXFWLRQGXORJHPHQWGHODVDJHIHPPHGHODPDWHUQLWpG
$VVRXP
&RPPXQHGH.RPERURGRXJRX
7UDQVIHUWV
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHNRPERURGRXJRX
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH.RPERURGRXJRX
,QYHVWLVVHPHQWV
'pYHORSSHUOHVWUDQVSRUWVURXWLHUVGDQVODFRPPXQHGHNRPERURGRXJRX
&RQVWUXFWLRQG
XQSRQFHDXGDORWVXUO
D[H.RPERURGRXJRX/DJERNDKD
5HSURILODJHDYHFFKDUJHPHQWGHUXHVj.RPERURGRXJRXNPGH=RQKRXDNDKj1DJELQNDKDGH'RURNDKDj6L]DPEOpHW/DQYLDUDj/DJERNDKD
'pYHORSSHUODGLVWULEXWLRQOHVHQWUHS{WVHWOHVPDJDVLQVGDQVODFRPPXQHGH.RPERURGRXJRX
&RQVWUXFWLRQGHDSSkWkPHVDXPDUFKpGH.RPERURGRXJRX
'pYHORSSHUO
DOLPHQWDWLRQHQHDXGDQVODFRPPXQHGHNRPERURGRXJRX
&RQVWUXFWLRQG
XQIRUDJHG
HDXpTXLSpjPRWULFLWpKXPDLQHj'DEDNDKD
&RQVWUXFWLRQG
XQIRUDJHG
HDXpTXLSpjPRWULFLWpKXPDLQHj1DELpULJXpNDKD
'pYHORSSHUOHVpTXLSHPHQWVFROOHFWLIVGDQVODFRPPXQHGHNRPERURGRXJRX
([WHQVLRQGXORWLVVHPHQWjVLELULNDKDORWV
'pYHORSSHUGHVVHUYLFHVFXOWXUHOVGDQVODFRPPXQHGHNRPERURGRXJRX
$PpQDJHPHQWG
XQHDLUHGHMHX[DXIR\HUGHVMHXQHVGH.RPERURGRXJRX
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODFRPPXQHGHNRPERURGRXJRX
5pKDELOLWDWLRQGHODWRLWXUHG
(336LELULNDKD
&RQVWUXFWLRQGXqPHEkWLPHQWGHWURLVFODVVHVSOXVFDQWLQHjO
(33/DJERNDKD
&RQVWUXFWLRQG
XQHFDQWLQHjO
(33.RPERURGRXJRX
'pYHORSSHUOHVDXWUHVVHUYLFHVJpQpUDX[GDQVODFRPPXQHGH.RPERURGRXJRX
$FTXLVLWLRQGHFKDLVHVPDODJDHWGHFKDLVHVGRUpHVSRXUODVDOOHGHPDULDJHGHOD0DLULHGH.RPERURGRXJRX
(TXLSHPHQWHQPRELOLHUVGHVEXUHDX[GHO
K{WHOGHYLOOH0DLUH$GMRLQWVHWDJHQWV
'pYHORSSHUODJHVWLRQGHVGpFKHWVGDQVODFRPPXQHGH.RPERURGRXJRX
&RQVWUXFWLRQGHEDFVjRUGXUHVj.RPERURGRXJRX&RPPHUFH/DQYLDUD6H]DPEOp1DJELQNDKDHW0DUFKp
'pYHORSSHUODJHVWLRQGHVHDX[XVpHVGDQVODFRPPXQHGH.RPERURGRXJRX
&RQVWUXFWLRQG
RXYUDJHG
DVVDLQLVVHPHQWFDQLYHDX[VXUPj.RPERURGRXJRX
&RPPXQHGH%DQJROR
7UDQVIHUWV
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHEDQJROR
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH%DQJROR
,QYHVWLVVHPHQWV
'pYHORSSHUODGLVWULEXWLRQOHVHQWUHS{WVHWOHVPDJDVLQVGDQVODFRPPXQHGHEDQJROR
&RQVWUXFWLRQG
XQ$EDWWRLU0XQLFLSDOj%DQJROR
'pYHORSSHUOHVpTXLSHPHQWVFROOHFWLIVGDQVODFRPPXQHGHEDQJROR
$PpQDJHPHQWGHOD3ODFH+HQUL.RQDQ%pGLp
'pYHORSSHUO
pFODLUDJHSXEOLFGDQVODFRPPXQHGHEDQJROR
([WHQVLRQGXUpVHDXpOHFWULTXHj%DQJROR
'pYHORSSHUGHVGLVSHQVDLUHVHWGHVPDWHUQLWpVGDQVODFRPPXQHGHEDQJROR
&RQVWUXFWLRQG
XQHPDWHUQLWpj*UDQG3LQ
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODFRPPXQHGHEDQJROR
&RQVWUXFWLRQG
XQEkWLPHQWGHWURLVFODVVHVODWULQHVDXJURXSHVFRODLUH(330XQLFLSDOLWpHWGH%DQJROR
&RQVWUXFWLRQG
XQEkWLPHQWGHWURLVFODVVHVODWULQHVEXUHDXjO¢(337LHPEO\*ORSORX
&RQVWUXFWLRQGHFODVVHVHWODWULQHVEXUHDXDXJURXSHVFRODLUH%DQJROR
&RPPXQHGH%RQLpUpGRXJRX
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHERQLHUHGRXJRX
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH%RQLHUHGRXJRX
,QYHVWLVVHPHQWV
'pYHORSSHUOHVDXWUHVVHUYLFHVJpQpUDX[GDQVODFRPPXQHGHERQLHUHGRXJRX
$FKDWGHWURLVFHQWVFKDLVHVSRXUOHVVHUYLFHVVRFLRFXOWXUHOV
'pYHORSSHUODGLVWULEXWLRQOHVHQWUHS{WVHWOHVPDJDVLQVGDQVODFRPPXQHGHERQLHUHGRXJRX
&RQVWUXFWLRQGX0DUFKpGH%RQLpUpGRXJRX
'pYHORSSHUO
DOLPHQWDWLRQHQHDXGDQVODFRPPXQHGHERQLHUHGRXJRX
&RQVWUXFWLRQGHGHX[3RPSHVjPRWULFLWpKXPDLQHj%RQLpUpGRXJRXDX[TXDUWLHUVUpVLGHQWLHOHWK{SLWDO
'pYHORSSHUO
pFODLUDJHSXEOLFGDQVODFRPPXQHGHERQLHUHGRXJRX
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
([WHQVLRQGXUpVHDXpOHFWULTXHDXTXDUWLHU$QFLHQYLOODJHH[WHQVLRQGH%RQLpUpGRXJRX
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODFRPPXQHGHERQLHUHGRXJRX
5pKDELOLWDWLRQGHO
pFROHSULPDLUHSXEOLTXHGH.RXQGRGRXJRX
'pYHORSSHUGHVGLVSHQVDLUHVHWGHVPDWHUQLWpVGDQVODFRPPXQHGHERQLHUHGRXJRX
&RQVWUXFWLRQG
XQFHQWUHGHVDQWpj2XDOqJXHUD
&RPPXQHGH.DVVpUp
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHNDVVHUH
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH.DVVHUH
,QYHVWLVVHPHQWV
'pYHORSSHUOHVDXWUHVVHUYLFHVJpQpUDX[GDQVODFRPPXQHGHNDVVHUH
&RQVWUXFWLRQG
XQEkWLPHQWSRXUOHVVHUYLFHVWHFKQLTXHVGHOD0DLULHGH.DVVpUp
(TXLSHPHQWHQPRELOLHUVGHVEXUHDX[HWGHODVDOOHGHPDULDJHVGHOD0DLULHGH.DVVHUp
$FTXLVLWLRQG
XQYpKLFXOHGHOLDLVRQGHW\SH[GRXEOHFDELQHSRXUOD0DLULHGH.DVVpUp
$FTXLVLWLRQGHPRWRV.70HWGH7ULF\FOHVSRXUOHVVHUYLFHVWHFKQLTXHVGHOD0DLULHGH.DVVpUp
(TXLSHPHQWHQPRELOLHUVDGPLQLVWUDWLIVGHVVHUYLFHVPLQLFLSDX[GHOD0DLULHGH.DVVpUp
'pYHORSSHUO
K{WHOOHULHHWODUHVWDXUDWLRQGDQVODFRPPXQHGHNDVVHUH
&RQVWUXFWLRQGH.LRVTXHVjFDIpj.DVVpUp6LRQIDQ3LQYRURHWj3RQJDIUp
'pYHORSSHUODGLVWULEXWLRQOHVHQWUHS{WVHWOHVPDJDVLQVGDQVODFRPPXQHGHNDVVHUH
&RQVWUXFWLRQGHKDQJDUVDXPDUFKpGHNDVVpUp
'pYHORSSHUOHVWUDQVSRUWVURXWLHUVGDQVODFRPPXQHGHNDVVHUH
7UDYDX[G
RXYHUWXUHGHNPGHUXHGDQVOD&RPPXQHGH.DVVpUp
'pYHORSSHUGHVGLVSHQVDLUHVHWGHVPDWHUQLWpVGDQVODFRPPXQHGHNDVVHUH
&RQVWUXFWLRQG
XQGLVSHQVDLUHUXUDOj6LRQIDQ
&RQVWUXFWLRQG
XQGLVSHQVDLUHUXUDOj3LQYRUR
&RPPXQHGH1LDEOp
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHQLDEOH
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH1LDEOH
,QYHVWLVVHPHQWV
'pYHORSSHUOHVWUDQVSRUWVURXWLHUVGDQVODFRPPXQHGHQLDEOH
3RVHGHSDYpVGHVUXHV.28$%/$1.LQGRPHWGH<$2$ERXGRX5DSKDsOP
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODFRPPXQHGHQLDEOH
&RQVWUXFWLRQGHVL[FODVVHVSOXVEXUHDXHWVL[FDELQHVjIRVVHVVqFKHVj$GRPNUR
3URWpJHUOHVIDPLOOHVHWOHVHQIDQWVGDQVODFRPPXQHGHQLDEOH
&RQVWUXFWLRQG
XQFHQWUHGHSURWHFWLRQGHODSHWLWHHQIDQFHGH1LDEOp
&RPPXQHGH5XELQR
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHUXELQR
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH5XELQR
,QYHVWLVVHPHQWV
'pYHORSSHUO
K{WHOOHULHHWODUHVWDXUDWLRQGDQVODFRPPXQHGHUXELQR
&RQVWUXFWLRQG
XQFHQWUHG
KpEHUJHPHQWSRXUpOqYHj5XELQR
'pYHORSSHUOHVWUDQVSRUWVURXWLHUVGDQVODFRPPXQHGHUXELQR
7UDYDX[GHUHSURILODJHORXUGGHNPGHYRLHDXTXDULHU.RNR$EEH\NURHW%HODLUHGH5XELQR
'pYHORSSHUGHVVHUYLFHVUpFUpDWLIVHWVSRUWLIVGDQVODFRPPXQHGHUXELQR
$PpQDJHPHQWG
XQWHUUDLQGHIRRWEDOODXTXDUWLHU$EEH\NURj5XELQR
$PpQDJHPHQWG
XQHDLUHGHMHXGHKDQGEDOOGXFHQWUHFXOWXUHOGH5XELQR
'pYHORSSHUGHVVHUYLFHVFXOWXUHOVGDQVODFRPPXQHGHUXELQR
&RQVWUXFWLRQGHODFO{WXUHGXFHQWUHFXOWXUHOGH5XELQR
'pYHORSSHUOHVDXWUHVVHUYLFHVJpQpUDX[GDQVODFRPPXQHGHUXELQR
(TXLSHPHQWGHVVHUYLFHVPXQLFLSDX[HQPRELOLHUVGXEXUHDX
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODFRPPXQHGHUXELQR
&RQVWUXFWLRQGHWURLVVDOOHVGHFODVVHHWG
XQEXUHDXj=REURX
&RPPXQHGH=RXDQ+RXQLHQ
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH]RXDQKRXQLHQ
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH]RXDQKRXQLHQ
,QYHVWLVVHPHQWV
'pYHORSSHUOHVWUDQVSRUWVURXWLHUVGDQVODFRPPXQHGH]RXDQKRXQLHQ
5HSURILODJHORXUGGHO
D[H=RXDQ+RXQLHQ%LDQWRXR0,
'pYHORSSHUO
pFODLUDJHSXEOLFGDQVODFRPPXQHGH]RXDQKRXQLHQ
([WHQVLRQGXUpVHDXpOHFWULTXHDXTXDUWLHU7RSHXYLOOHH[WHQVLRQ
([WHQVLRQGXUpVHDXpOHFWULTXHDXTXDUWLHU-pUXVDOHP
'pYHORSSHUGHVGLVSHQVDLUHVHWGHVPDWHUQLWpVGDQVODFRPPXQHGH]RXDQKRXQLHQ
&RQVWUXFWLRQG
XQORJHPHQWGHTXDWUHSLqFHVSRXUODVDJHIHPPHGH%LDQWRXR
&RQVWUXFWLRQG
XQORJHPHQWGHTXDWUHSLqFHVSRXUO
LQILUPLHUGH.SDQWRXRSOHX
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODFRPPXQHGH]RXDQKRXQLHQ
&RQVWUXFWLRQG
XQEkWLPHQWGHWURLVFODVVHVEXUHDX\FRPSULVXQEORFGHODWULQHGHTXDWUHFDELQHVjO
(33.RXLDWRXR
&RQVWUXFWLRQG
XQEkWLPHQWGHWURLVFODVVHVEXUHDX\FRPSULVXQEORFGHODWULQHGHTXDWUHFDELQHVjO
(33/DYDPSOHX
&RQVWUXFWLRQG
XQEkWLPHQWGHWURLVFODVVHVEXUHDXPDJDVLQ\FRPSULVXQEORFGHODWULQHGHTXDWUHFDELQHVjO
(33=LQDPSOHX
&RQVWUXFWLRQG
(333pSOHX
&RQVWUXFWLRQG
(33%pSOHX
&RQVWUXFWLRQG
(33%RXSOHX
&RPPXQHGH0
%DWWR
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHP
EDWWR
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH0
%DWWR
,QYHVWLVVHPHQWV
'pYHORSSHUOHVDXWUHVVHUYLFHVJpQpUDX[GDQVODFRPPXQHGHP
EDWWR
$FTXLVLWLRQG
XQORJLFLHOLQIRUPDWLTXHSRXUOHVVHUYLFHVGHO
pWDWFLYLO
'pYHORSSHUOHVWUDQVSRUWVURXWLHUVGDQVODFRPPXQHGHP
EDWWR
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
5HSURILODJHORXUGGHVYRLHVGHODFRPPXQHNPGH0
EDWWR$SNLER$VVRXPRXNUR1
JUDPDVVDER$VVLq$NSHVVp$KRXPDQ
'pYHORSSHUODGLVWULEXWLRQOHVHQWUHS{WVHWOHVPDJDVLQVGDQVODFRPPXQHGHP
EDWWR
&RQVWUXFWLRQGHYLQJWPDJDVLQVGHFRPPHUFHj0
EDWWR
'pYHORSSHUGHVVHUYLFHVFXOWXUHOVGDQVODFRPPXQHGHP
EDWWR
5pKDELOLWDWLRQGXIR\HUGHVMHXQHVG
$VVLq$NSpVVp
5pKDELOLWDWLRQGXIR\HUGHVMHXQHVGH0
EDWWR
$KRXQDQ
$VVRXPRXNUR
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODFRPPXQHGHP
EDWWR
5pKDELOLWDWLRQGHO
(330
EDWWRGXJURXSHVFRODLUH0
EDWWRFODVVHVSOXVEXUHDX
5pKDELOLWDWLRQGHO
(331
JUDPDVVDERHW
'pYHORSSHUO
HQVHLJQHPHQWSUppOpPHQWDLUHGDQVODFRPPXQHGHP
EDWWR
&RQVWUXFWLRQG
XQHpFROHPDWHUQHOOHWURLVFODVVHVODWULQHVj0
EDWWR
&RQVWUXFWLRQG
XQHpFROHPDWHUQHOOHGHWURLVFODVVHVSOXVEXUHDXSOXVODWULQHj$VVL$SNHVVH
&RQVWUXFWLRQG
XQHpFROHPDWHUQHOOHGHWURLVGHFODVVHVSOXVEXUHDXSOXVODWULQHVj'LHNDGLRNUR
&RPPXQHGH'MLEURVVR
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHGMLEURVVR
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH'MLEURVVR
,QYHVWLVVHPHQWV
'pYHORSSHUODGLVWULEXWLRQOHVHQWUHS{WVHWOHVPDJDVLQVGDQVODFRPPXQHGHGMLEURVVR
&RQVWUXFWLRQGHKDQJDUVGDQVOHVPDUFKpVGHVYLOODJHVGHODFRPPXQH.RXPEDUD'DEp%RUREDGRXJRX'MRURID
'pYHORSSHUOHVWUDQVSRUWVURXWLHUVGDQVODFRPPXQHGHGMLEURVVR
5HSURILODJHORXUGGHNPVXUO
D[H'MLEURVVR.RXPEDUD
2XYHUWXUHGHYRLHVNPGDQVODYLOOHGH'MLEURVVR
'pYHORSSHUGHVGLVSHQVDLUHVHWGHVPDWHUQLWpVGDQVODFRPPXQHGHGMLEURVVR
&RQVWUXFWLRQG
XQQRXYHDXSDYLOORQDXFHQWUHGHVDQWpXUEDLQGH'MLEURVVR
&RQVWUXFWLRQG
XQHFO{WXUHDXFHQWUHGHVDQWpXUEDLQGH'MLEURVVR
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODFRPPXQHGHGMLEURVVR
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
&RQVWUXFWLRQG
XQHFO{WXUHjO
(33GH'MLEURVVR
&RQVWUXFWLRQG
XQHFO{WXUHjO
(33GH'MLEURVVR
&RQVWUXFWLRQGHWURLVVDOOHVGHFODVVHVSOXVODWULQHVj1DPLQJXLQ
$FTXLVLWLRQGHGHX[FHQWWDEOHVEDQFVSRXUOHVpFROHVSULPDLUHVGH'DEpHW1DPLQJXLQ
&RPPXQHG
$JQLELOpNUR
7UDQVIHUWV
DJQLELOHNURX
$JQLELOHNURX
,QYHVWLVVHPHQWV
DJQLELOHNURX
&RQVWUXFWLRQG
XQSHWLWPDUFKpDXTXDUWLHUO\FpHUpVLGHQWLHOG
$JQLELOpNURX
DJQLELOHNURX
&RQVWUXFWLRQG
XQGLVSHQVDLUHj$VVLNDVVR
DJQLELOHNURX
&RQVWUXFWLRQGHODWULEXQHGXVWDGH$ELQDQ.RXDNRX3DVFDOG
$JQLELOpNUR
'pYHORSSHUO
DJQLELOHNURX
&RQVWUXFWLRQG
XQEkWLPHQWGHWURLVVDOOHVFODVVHSOXVEXUHDXHWODWULQHVjO
(331LDQGD
&RQVWUXFWLRQGHWURLVEkWLPHQWVGHWURLVVDOOHVGHFODVVHVFKDFXQSOXVEXUHDX[HWODWULQHVjO¢(33$JQL(VWjO¢(33$VVLNDVVRHWjO¢(33
/\FpH5pVLGHQWLHO
&RPPXQHGH0D\R
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHPD\R
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH0D\R
,QYHVWLVVHPHQWV
'pYHORSSHUOHVDXWUHVVHUYLFHVJpQpUDX[GDQVODFRPPXQHGHPD\R
$FTXLVLWLRQGHPDWpULHOLQIRUPDWLTXHSRXUODQXPpULVDWLRQGHO
pWDWFLYLO
$FKDWGHGHX[YpKLFXOHVGHOLDLVRQSRXUOHV6HUYLFHVGHOD0DLULH
&kEODJHUpVHDXLQVWDOODWLRQG
LQWUDQHWHWG
DXWRFRPGDQVOHVEXUHDX[GHOD0DLULH
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
'pYHORSSHUOHVVHUYLFHVJpQpUDX[GHSODQLILFDWLRQHWGHVWDWLVWLTXHVGDQVODFRPPXQHGHPD\R
(ODERUDWLRQG
XQSODQVWUDWpJLTXHGHGpYHORSSHPHQW
'pYHORSSHUOHVWUDQVSRUWVURXWLHUVGDQVODFRPPXQHGHPD\R
2XYHUWXUHGHVYRLHVGHOD&RPPXQHTXDUWLHU0D\RFHQWUHNP%DND\RNP0RXVVD\RNP
3RVHGHEXVHVHWUHSURILODJHGHODYRLH0D\R.RXDPpNURNP
'pYHORSSHUOHVpTXLSHPHQWVFROOHFWLIVGDQVODFRPPXQHGHPD\R
/RWLVVHPHQWG
XQWHUUDLQGHVL[FHQWORWVj0D\RH[WHQVLRQ
'pYHORSSHUODJHVWLRQGHVGpFKHWVGDQVODFRPPXQHGHPD\R
$FTXLVLWLRQG
XQFDPLRQSRXUOHUDPDVVDJHG
RUGXUHV
'pYHORSSHUGHVGLVSHQVDLUHVHWGHVPDWHUQLWpVGDQVODFRPPXQHGHPD\R
&RQVWUXFWLRQG
XQHPDWHUQLWpj%DND\R&RPPXQHGH0D\R
'pYHORSSHUGHVVHUYLFHVUpFUpDWLIVHWVSRUWLIVGDQVODFRPPXQHGHPD\R
&RQVWUXFWLRQGHODFO{WXUHGXVWDGHPXQLFLSDOGH0D\R
&RPPXQHG
$VVLQLH0DILD
7UDQVIHUWV
DVVLQLHPDILD
DVVLQLH0DILD
,QYHVWLVVHPHQWV
'pYHORSSHUOHVVHUYLFHVJpQpUDX[GHSODQLILFDWLRQHWGHVWDWLVWLTXHVHODFRPPXQHG
DVVLQLHPDILD
5pDOLVDWLRQGX3ODQGH6WUXFWXUHGHOD3UHVTX
vOHYLOODJHVGHODODJXQHMXVTX
jODIURQWLqUHGX*KDQDGHOD&RPPXQHG
$VVLQLH0DILD
'pYHORSSHUGHVGLVSHQVDLUHVHWGHVPDWHUQLWpVHODFRPPXQHG
DVVLQLHPDILD
(TXLSHPHQWGHODPDWHUQLWpG
$VVRXLQGpHQPRELOLHUVGHEXUHDX
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHHODFRPPXQHG
DVVLQLHPDILD
&RQVWUXFWLRQG
XQEkWLPHQWGHWURLVVDOOHVGHFODVVHVXQEXUHDXXQEORFGHODWULQHVjO
(33$.3$*1(
$FTXLVLWLRQGHPRELOLHUVVFRODLUHVSRXUOHV(FROHV3ULPDLUHV3XEOLTXHVGH1
*RXDNUR$VVRXLGp&DQDOHW.DFRXNUR/DJXQH
&RQVWUXFWLRQG
XQEkWLPHQWGHWURLVVDOOHVGHFODVVHVXQEORFGHODWULQHVjO
(331
*28$.52
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
'pYHORSSHUO
HQVHLJQHPHQWSUppOpPHQWDLUHHODFRPPXQHG
DVVLQLHPDILD
&RQVWUXFWLRQG
XQHpFROHPDWHUQHOOHGHWURLVVDOOHVGHFODVVHVSOXVEXUHDXSOXVXQEORFODWULQHDXJURXSHVFRODLUHGH
6$*%$'28.30*3,(55()$.+285<
&RQVWUXFWLRQG
XQHpFROHPDWHUQHOOHGHWURLVVDOOHVGHFODVVHVEXUHDXXQEORFGHODWULQHVjO
(33$VVRXLQGpYLOODJH
$FTXLVLWLRQGHWDEOHVEDQFVSRXUO
pFROHPDWHUQHOOHG
$VVLQLH)UDQFH
(TXLSHPHQWGHO
(FROHPDWHUQHOOHG
$VVLQLH)UDQFHHQPRELOLHUVGHEXUHDX
(TXLSHPHQWGHO
pFROHPDWHUQHOOHG
$VVLQLH)UDQFHHQMHX[pGXFDWLIVHWPDWpULHOVSpGDJRJLTXHV
&RPPXQHGH6RQJRQ
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH6RQJRQ
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH6RQJRQ
,QYHVWLVVHPHQWV
'pYHORSSHUOHVWUDQVSRUWVURXWLHUVGDQVODFRPPXQHGH6RQJRQ
&RQVWUXFWLRQG
XQHJDUHURXWLqUHj6RQJRQ*RGRXPp
'pYHORSSHUO
pFODLUDJHSXEOLFGDQVODFRPPXQHGH6RQJRQ
([WHQVLRQGXUpVHDXpOHFWULTXHGDQVODFRPPXQHGHVRQJRQ$GLDSRWRVRQJRQ'DJEp
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODFRPPXQHGH6RQJRQ
$FKDWGHWDEOHVEDQFVSRXUpFROHVSULPDLUHVSXEOLTXHV$EDGMLQ'RXPp$EDGMLQ.RXWpHW6RQJRQDJEDQ
&RQVWUXFWLRQG
XQHpFROHSULPDLUHGHWURLVFODVVHVSOXVXQEXUHDXHWWURLVODWULQHVDXTXDUWLHUJUDYLHU
'pYHORSSHUGHVGLVSHQVDLUHVHWGHVPDWHUQLWpVGDQVODFRPPXQHGH6RQJRQ
&RQVWUXFWLRQGHODFO{WXUHGXORJHPHQWGHODVDJHIHPPHj$XGRXLQ
&RQWUXFWLRQGHODFO{WXUHGXFHQWUHGHVDQWpG
$XGRXLQ
(TXLSHPHQWGXFHQWUHGHVDQWpG
$XGRXLQHQPRELOLHUVGHEXUHDX
&RPPXQHG
$QRXPDED
7UDQVIHUWV
DQRXPDED
$QRXPDED
,QYHVWLVVHPHQWV
DQRXPDED
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
&RQVWUXFWLRQGHVL[PDJDVLQVDXPDUFKpG
DQRXPDED
DQRXPDED
5HSULVHGHO
DERUQHPHQWGHVORWVHWRXYHUWXUHGHVYRLHVGHVTXDUWLHUV5pGHQWLHOV0XQLFLSDO$VVDQRX'LRXODNURHW.SORVVRX
'pYHORSSHUO
DQRXPDED
&RQVWUXFWLRQG
XQEkWLPHQWGHWURLVFODVVHVj$QRXPDED
&RQVWUXFWLRQG
XQEkWLPHQWGHWURLVFODVVHVEXUHDXDXTXDUWLHUUpVLGHQWLHO
5pKDELOLWDWLRQGHWURLVpFROHVSULPDLUHVj$QRXPDED$QRXPDEDHW$QRXPDEDFODVVHV
(33$OORQJR
&RQVWUXFWLRQG
XQEkWLPHQWGHWURLVFODVVHVj%ORNRQDQNUR
DQRXPDED
&RQVWUXFWLRQG
XQGLVSHQVDLUHj.RQJRWW\
'pYHORSSHUGHVVHUYLFHVFXOWXUHOVGDQVODFRPPXQHG
DQRXPDED
$FTXLVLWLRQGHPRELOLHUVSRXUOHIR\HUGHVMHXQHVG
$QRXPDED
DQRXPDED
5pKDELOLWDWLRQGHODVDOOHGHPDULDJHGHOD0DLULH
&RPPXQHGH=LNLVVR
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH]LNLVVR
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH=LNLVVR
,QYHVWLVVHPHQWV
'pYHORSSHUOHVWUDQVSRUWVURXWLHUVGDQVODFRPPXQHGH]LNLVVR
2XYHUWXUHHWUHSURILODJHGHVYRLHVGHVYLOODJHVGHODFRPPXQHHWGH=,.,662NP
'pYHORSSHUOHVpTXLSHPHQWVFROOHFWLIVGDQVODFRPPXQHGH]LNLVVR
,QGHPQLVDWLRQSRXUH[SURSULDWLRQUHODWLYHjO
H[WHQWLRQGXORWLVVHPHQWGH=,.,662
&RQVWUXFWLRQG
XQFLPpWLqUH0LQLFLSDO
'pYHORSSHUO
pFODLUDJHSXEOLFGDQVODFRPPXQHGH]LNLVVR
([WHQVLRQGXUpVHDXpOHFWULTXHGHODYLOOHGH=LNLVVR
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
'pYHORSSHUGHVGLVSHQVDLUHVHWGHVPDWHUQLWpVGDQVODFRPPXQHGH]LNLVVR
&RQVWUXFWLRQG
XQORJHPHQWG
LQILUPLHUj'RXVHED
&RQVWUXFWLRQG
XQORJHPHQWG
LQILUPLHUj0DNREHUL
&RQVWUXFWLRQG
XQH5DGLRORJLHj=,.,662
'pYHORSSHUODJHVWLRQGHVGpFKHWVGDQVODFRPPXQHGH]LNLVVR
&RQVWUXFWLRQG
XQHGpFKDUJHj=,.,662
'pYHORSSHUGHVVHUYLFHVUpFUpDWLIVHWVSRUWLIVGDQVODFRPPXQHGH]LNLVVR
$PpQDJHPHQWG
XQHDLUHGHMHX[j=,.,662
&RPPXQHGH0DVVDOD
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHPDVVDOD
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH0DVVDOD
,QYHVWLVVHPHQWV
'pYHORSSHUOHVVHUYLFHVGHSROLFHGDQVODFRPPXQHGHPDVVDOD
&RQVWUXFWLRQGHODFO{WXUHGHOD*HQGDUPHULHGH0DVVDOD
'pYHORSSHUO
K{WHOOHULHHWODUHVWDXUDWLRQGDQVODFRPPXQHGHPDVVDOD
5pKDELOLWDWLRQGHO
DXEHUJHGH0DVVDOD
'pYHORSSHUGHVGLVSHQVDLUHVHWGHVPDWHUQLWpVGDQVODFRPPXQHGHPDVVDOD
&RQVWUXFWLRQGHODFO{WXUHGXFHQWUHGHVDQWpGH7LpPDVVRED
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODFRPPXQHGHPDVVDOD
&RQVWUXFWLRQG
XQEkWLPHQWGHWURLVFODVVHVSOXVEXUHDXj%RXLOOD
'pYHORSSHUO
HQVHLJQHPHQWSUppOpPHQWDLUHGDQVODFRPPXQHGHPDVVDOD
&RQVWUXFWLRQG
XQSUpDXjO
pFROHPDWHUQHOOHGH0DVVDOD
'pYHORSSHUOHVDXWUHVVHUYLFHVJpQpUDX[GDQVODFRPPXQHGHPDVVDOD
&RQVWUXFWLRQGHO
K{WHOGHYLOOHGH0DVVDOD
$FTXLVLWLRQGHTXDWUHFHQWFKDLVHVHWTXDWUHEkFKHVSRXUODPDLULH
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
&RPPXQHGH%DVVDZD
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHEDVVDZD
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH%DVVDZD
,QYHVWLVVHPHQWV
'pYHORSSHUO
DOLPHQWDWLRQHQHDXGDQVODFRPPXQHGHEDVVDZD
5pDOLVDWLRQGHGHX[SRPSHVK\GUDXOLTXHVYLOODJHRLVHVDPpOLRUpHVGDQVOHVYLOODJHVGHODFRPPXQH.RQJRGLDQHW1DPDJQRQGRXJRX
'pYHORSSHUOHORJHPHQWGDQVODFRPPXQHGHEDVVDZD
&RQVWUXFWLRQGHTXDWUHORJHPHQWVVRFLDX[j%DVVDZD
'pYHORSSHUGHVVHUYLFHVFXOWXUHOVGDQVODFRPPXQHGHEDVVDZD
5pKDELOLWDWLRQGXIR\HUSRO\YDOHQWGH%$66$:$
&RPPXQHGH.RXLEO\
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHNRXLEOL
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH.RXLEOL
,QYHVWLVVHPHQWV
'pYHORSSHUODGLVWULEXWLRQOHVHQWUHS{WVHWOHVPDJDVLQVGDQVODFRPPXQHGHNRXLEOL
&RQVWUXFWLRQG
XQPDUFKpFRXYHUWGHWUDYpHVj%DWLHEO\7URGRX
'pYHORSSHUOHVWUDQVSRUWVURXWLHUVGDQVODFRPPXQHGHNRXLEOL
$PpQDJHPHQWG
XQHJDUHURXWLqUHj.RXLEO\
'pYHORSSHUGHVVHUYLFHVUpFUpDWLIVHWVSRUWLIVGDQVODFRPPXQHGHNRXLEOL
$PpQDJHPHQWG
XQHDLUHGHMHX[pFODLUpH0DUDFDQDj.RXLEO\
'pYHORSSHUO
DOLPHQWDWLRQHQHDXGDQVODFRPPXQHGHNRXLEOL
5pDOLVDWLRQGH+9$j7DFRXUDEO\6LpEO\.RXLEO\
'pYHORSSHUO
pFODLUDJHSXEOLFGDQVODFRPPXQHGHNRXLEOL
([WHQVLRQGXUpVHDXpOHFWULTXHGDQVODYLOOHGH.RXLEO\
'pYHORSSHUOHVpTXLSHPHQWVFROOHFWLIVGDQVODFRPPXQHGHNRXLEOL
&RQVWUXFWLRQG
XQFHQWUHPpGLFRVFRODLUHj.RXLEO\
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
'pYHORSSHUGHVGLVSHQVDLUHVHWGHVPDWHUQLWpVGDQVODFRPPXQHGHNRXLEOL
&RQVWUXFWLRQG
XQORJHPHQWG
LQILUPLHUGHSLqFHVj%DWLHEO\7URGURX
&RQVWUXFWLRQG
XQGLVSHQVDLUHj%RXHEO\'LHEDQEREO\
&RQVWUXFWLRQG
XQORJHPHQWG
LQILUPLHUGHSLqFHVj%RXHEO\'LHEDQEREO\
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODFRPPXQHGHNRXLEOL
&RQVWUXFWLRQG
XQHpFROHGHFODVVHVDYHFEXUHDXjO
(330XQLFLSDOLWp
&RQVWUXFWLRQG
XQHpFROHSULPDLUHGHFODVVHVDYHFEXUHDXj1
]XpNUR
'pYHORSSHUO
HQVHLJQHPHQWSUppOpPHQWDLUHGDQVODFRPPXQHGHNRXLEOL
5pKDELOLWDWLRQGHO
pFROHPDWHUQHOOHPXQLFLSDOHGH.RXLEO\FODVVHVEXUHDX
&RPPXQHGH*XLWU\
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHJXLWU\
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH*XLWU\
,QYHVWLVVHPHQWV
'pYHORSSHUOHVWUDQVSRUWVURXWLHUVGDQVODFRPPXQHGHJXLWU\
&RQIHFWLRQHWSRVHGHEXVHVGDQVODYLOOHGH*8,75<
'pYHORSSHUOHVpTXLSHPHQWVFROOHFWLIVGDQVODFRPPXQHGHJXLWU\
$PpQDJHPHQWG
XQMDUGLQSXEOLFj*XLWU\
'pYHORSSHUO
DOLPHQWDWLRQHQHDXGDQVODFRPPXQHGHJXLWU\
5pDOLVDWLRQGHGHX[IRUDJHVG
HDXSRWDEOHj*EDQJDERHWj$WWRNUR
'pYHORSSHUGHVGLVSHQVDLUHVHWGHVPDWHUQLWpVGDQVODFRPPXQHGHJXLWU\
(TXLSHPHQWGHODPDWHUQLWpGHOD30,GH*XLWU\
'pYHORSSHUGHVVHUYLFHVFXOWXUHOVGDQVODFRPPXQHGHJXLWU\
5pKDELOLWDWLRQGXEkWLPHQWGXFHQWUHFXOWXUHOGH*XLWU\
$VVDLQLVVHPHQWGXFHQWUHFXOWXUHOGH*XLWU\
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODFRPPXQHGHJXLWU\
5pKDELOLWDWLRQGHVFDQWLQHVVFRODLUHVGH*XLWU\HW
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
&RPPXQHGH%HGLDOD
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHEpGLDOD
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH%HGLDOD
,QYHVWLVVHPHQWV
'pYHORSSHUOHVVHUYLFHVGHSROLFHGDQVODFRPPXQHGHEpGLDOD
&RQVWUXFWLRQG
XQFRPPLVVDULDWGH3ROLFH
&RQVWUXFWLRQGHODFO{WXUHGHODJHQGDUPHULH
'pYHORSSHUODGLVWULEXWLRQOHVHQWUHS{WVHWOHVPDJDVLQVGDQVODFRPPXQHGHEpGLDOD
&RQVWUXFWLRQG
XQPDUFKpFRXYHUWj1DQRXIOD
&RQVWUXFWLRQG
XQPDUFKpFRXYHUWj%DQRXIOD
'pYHORSSHUOHVLQGXVWULHVPDQXIDFWXULqUHVGDQVODFRPPXQHGHEpGLDOD
$FTXLVLWLRQG
XQHXQLWpGHWUDQVIRUPDWLRQGHPDQLRFHWG
XQSUpDXSRXUOHVIHPPHVGH%pGLDOD
'pYHORSSHUOHVWUDQVSRUWVURXWLHUVGDQVODFRPPXQHGHEpGLDOD
2XYHUWXUHGHVYRLHVjQDQRXIODORWVHW%HGLDODORWV
'pYHORSSHUO
K{WHOOHULHHWODUHVWDXUDWLRQGDQVODFRPPXQHGHEpGLDOD
(TXLSHPHQWGHO
DXEHUJHPXQLFLSDOHHQPRELOLHUV
5pKDELOLWDWLRQGHO
DXEHUJHPXQLFLSDOH
'pYHORSSHUO
pFODLUDJHSXEOLFGDQVODFRPPXQHGHEpGLDOD
([WHQVLRQGXUpVHDXpOHFWULTXHGDQVOHVTXDUWLHUVGH6RNRXUD%pGLDODHW&RORPELH2XURXWDSRWHDX[
([WHQVLRQG
XQUpVHDXpOHFWULTXHMRQFWLRQ%pGLDODHW%DKLIOD
([WHQVLRQG
XQUpVHDXpOHFWULTXHMRQFWLRQ*QDQDJRQIODHW%DQRXIOD
(OHFWULILFDWLRQGXTXDUWLHU6RNRXUD%pGLDOD
([WHQVLRQGXUpVHDXpOHFWULTXHGH1DQRXIODGLRXODERXJRXGH2XURXWDHW%pGLDODSRWHDX[
'pYHORSSHUGHVGLVSHQVDLUHVHWGHVPDWHUQLWpVGDQVODFRPPXQHGHEpGLDOD
&RQVWUXFWLRQG
XQHPDWHUQLWpj2XURXWD
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODFRPPXQHGHEpGLDOD
&RQVWUXFWLRQGHWURLVVDOOHVGHFODVVHVDYHFEXUHDXHWWURLVODWULQHVjO
(331DZDODNDKD
&RQVWUXFWLRQGHWURLVVDOOHVGHFODVVHVDYHFEXUHDXjO
(331DQRXIOD
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
&RQVWUXFWLRQGHWURLVVDOOHVGHFODVVHVDYHFEXUHDXHWWURLVODWULQHVjO
(331
*XHVVDQNUR
(33*ERNRQDQNUR
(33$PDQLNUR
3URWpJHUOHVIDPLOOHVHWOHVHQIDQWVGDQVODFRPPXQHGHEpGLDOD
&RQVWUXFWLRQG
XQHFUqFKHSRXUOHVHQIDQWVGH%pGLDOD
&RPPXQHGH%LQ+RX\p
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHELQKRX\H
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHELQKRX\H
,QYHVWLVVHPHQWV
'pYHORSSHUOHVWUDQVSRUWVURXWLHUVGDQVODFRPPXQHGHELQKRX\H
2XYHUWXUHGHYRLHj%LQ+RX\pVHSWNP
'pYHORSSHUODJHVWLRQGHVGpFKHWVGDQVODFRPPXQHGHELQKRX\H
$FTXLVLWLRQGHPDWpULHOVGHVDOXEULWpSXEOLTXH
'pYHORSSHUO
pFODLUDJHSXEOLFGDQVODFRPPXQHGHELQKRX\H
([WHQVLRQGXUpVHDXpOHFWULTXHj%LQ+RX\p
'pYHORSSHUGHVGLVSHQVDLUHVHWGHVPDWHUQLWpVGDQVODFRPPXQHGHELQKRX\H
&RQVWUXFWLRQG
XQGLVSHQVDLUHUXUDOj*DWRXR
&RQVWUXFWLRQG
XQGLVSHQVDLUHUXUDOj<RXDPSOHX
'pYHORSSHUGHVVHUYLFHVFXOWXUHOVGDQVODFRPPXQHGHELQKRX\H
7UDQVIRUPDWLRQGHIR\HUSRO\YDOHQWHQFHQWUHFXOWXUHO
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODFRPPXQHGHELQKRX\H
&RQVWUXFWLRQG
XQEkWLPHQWGHWURLVFODVVHVj]RJOHX
&RQVWUXFWLRQG
XQEkWLPHQWGHWURLVFODVVHVj*DQKRX\p
&RQVWUXFWLRQG
XQEkWLPHQWGHWURLVFODVVHVj'LpRXSOHX
'pYHORSSHUOHVDXWUHVVHUYLFHVJpQpUDX[GDQVODFRPPXQHGH%LQ+RX\p
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
5ppTXLSHPHQWGHODUpVLGHQFHGX6HFUpWDLUH*pQpUDOGHOD0DLULHGH%LQ+RX\p
&RPPXQHG
$Q\DPD
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHG¢$Q\DPD
$Q\DPD
,QYHVWLVVHPHQWV
'pYHORSSHUGHVGLVSHQVDLUHVHWGHVPDWHUQLWpVGDQVODFRPPXQHG¢$Q\DPD
&RQVWUXFWLRQGHODFO{WXUHGXFHQWUHGHVDQWpGH%HOOHYLOOHFDUUHIRXU3DWDWHGHVGLVSHQVDLUHVG
$EEHEURXNRLHW8QLFDIHHWGHODPDWHUQLWpGH
'RXEDLDYHFXQHORQJXHXUFXPXOpHGHVL[FHQWVRL[DQWHPqWUHV
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODFRPPXQHG¢$Q\DPD
&RQVWUXFWLRQG
XQHpFROHSULPDLUHDXTXDUWLHU$Q\DPD$GMDPpqPH([WHQVLRQVL[FODVVHVGHX[EXUHDX[HWXQEORFODWULQHVGHKXLW
SRUWHV
$FTXLVLWLRQGHPRELOLHUVVFRODLUHVSRXUOHVVL[FODVVHVGHO
(33%HOOHYLOOH8QLFDIHHWO
(33%ODQNUR
&RQVWUXFWLRQGHGHX[EORFVODWULQHVjO
(33%HOOHYLOOHWHUPLQXVHWO
(33%ODQNUR'HX[EORFVODWULQHVGHGL[SRUWHV
&RQVWUXFWLRQGHGHX[EkWLPHQWVGHWURLVFODVVHVSOXVEXUHDXjO
(33%ODQNURHWO
(33%HOOHYLOOH8QLFDIH
&RPPXQHGH'MpNDQRX
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHGMHNDQRX
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH'MHNDQRX
,QYHVWLVVHPHQWV
'pYHORSSHUOHVWUDQVSRUWVURXWLHUVGDQVODFRPPXQHGHGMHNDQRX
2XYHUWXUHGHVYRLHVDXTXDUWLHUUpVLGHQWLHOH[WHQVLRQ<DQGMLUpVLGHQWLHOFLWp1
GD$PHQDQH[WHQVLRQHWFLWp.RWRUpVLGHQWLHONP
'pYHORSSHUODGLVWULEXWLRQOHVHQWUHS{WVHWOHVPDJDVLQVGDQVODFRPPXQHGHGMHNDQRX
&RQVWUXFWLRQG
XQDEDWWRLUPRGHUQHGDQVODYLOOHGH'MpNDQRX
&RQVWUXFWLRQGHYLQJWPDJDVLQVDXPDUFKpGHODYLOOHGH'MpNDQRX
'pYHORSSHUOHVpTXLSHPHQWVFROOHFWLIVGDQVODFRPPXQHGHGMHNDQRX
$FKqYHPHQWGXFLPHWLqUHPXQLFLSDOGH'MHNDQRX
'pYHORSSHUO
DOLPHQWDWLRQHQHDXGDQVODFRPPXQHGHGMHNDQRX
$GGXFWLRQGXUpVHDXG
HDXSRWDEOHGDQVODYLOOHGH'MpNDQRXPqWUHVOLQpDLUHV
'pYHORSSHUO
pFODLUDJHSXEOLFGDQVODFRPPXQHGHGMHNDQRX
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
([WHQVLRQGXUpVHDXpOHFWULTXHGDQVODYLOOHGH'MpNDQRXPqWUHVOLQpDLUHV
'pYHORSSHUO¢HQVHLJQHPHQWSULPDLUHGDQVODFRPPXQHGHGMHNDQRX
&RQVWUXFWLRQGHODFO{WXUHGXJURXSHVFRODLUHGH0RXJQDQ
'pYHORSSHUO¢HQVHLJQHPHQWSUppOpPHQWDLUHGDQVODFRPPXQHGHGMHNDQRX
&RQVWUXFWLRQG
XQHpFROHPDWHUQHOOHGHWURLVFODVVHVXQEXUHDXXQHODWULQHGDQVODYLOOHGH'MpNDQRX
&RPPXQHGH0DQNRQR
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHPDQNRQR
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH0DQNRQR
,QYHVWLVVHPHQWV
'pYHORSSHUODGLVWULEXWLRQOHVHQWUHS{WVHWOHVPDJDVLQVGDQVODFRPPXQHGHPDQNRQR
&RQVWUXFWLRQG
XQDEDWWRLUPXQLFLSDO
&RQVWUXFWLRQGHTXDWUHYLQJWPDJDVLQVVXUO
D[H0DQNRQR.RQJDVVRFDUUHIRXUO\FpHILQFO{WXUH&,'7
'pYHORSSHUOHVWUDQVSRUWVURXWLHUVGDQVODFRPPXQHGHPDQNRQR
2XYHUWXUHGHUXHVGDQVOHVQRXYHDX[ORWLVVHPHQWVNP
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODFRPPXQHGHPDQNRQR
&RQVWUXFWLRQG
XQEkWLPHQWGHWURLVFODVVHVEXUHDXHWWRLOHWWHVjO
(33PXQLFLSDOLWp
$FTXLVLWLRQGHVHSWFHQWTXDWRU]HWDEOHVEDQFVSRXUOHVpFROHVGHODFRPPXQH.DUDPRJROD0DGLDQ0XQLFLSDOLWp6RNRXUDOD'MHQHGLDQ
2XVVRXJRXOD/DGML.DUDPRNR 6RXQJDVVR*EDQYLHOR*RXUDQDHWUpVLGHQWLHOEHODLU
&RPPXQHGH.RXPEDOD
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHNRXPEDOD
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH.RXPEDOD
,QYHVWLVVHPHQWV
'pYHORSSHUO
DOLPHQWDWLRQHQHDXGDQVODFRPPXQHGHNRXPEDOD
5pKDELOLWDWLRQGHGRX]HSRPSHVYLOODJHRLVHVGDQVOHVYLOODJHVGH.RXPEDODGMRQJRQNDKDQDPEHNDKDNRXWLRNRXPDQJEqQDPEHWRJR
\HQLJQDPRQYRJRPHODUJDYRJRHWWLHNHOHVVR
&RQVWUXFWLRQGHGHX[SRPSHVK\GUDXOLTXHVYLOODJHRLVHVDPpOLRUpHDYHFUpDOLVDWLRQGHTXDWUHERUQHVIRQWDLQHVj'LRQJRNDKDHW
1DPEpNDKDqUHHWqPHWUDQFKHV
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
'pYHORSSHUO
DJULFXOWXUHGDQVODFRPPXQHGHNRXPEDOD
&RQVWUXFWLRQGHGHX[UHWHQXHVG¢HDXj1DPEpNDKDHWj'LRQJRNDKD
'pYHORSSHUOHVWUDQVSRUWVURXWLHUVGDQVODFRPPXQHGHNRXPEDOD
2XYHUWXUHGHVUXHVGHODFRPPXQHGH.RXPEDODNP
'pYHORSSHUOHVDXWUHVVHUYLFHVJpQpUDX[GDQVODFRPPXQHGHNRXPEDOD
$FTXLVLWLRQGHWURLV)DXWHXLOVGHGLUHFWLRQGHGHX[EXUHDX[HWGHKXLWFKDLVHVYLVLWHXUVSRXUOHVVHUYLFHVGHOD0DLULHGH.RXPEDOD
&RPPXQHGH.DQLDVVR
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHNDQLDVVR
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH.DQLDVVR
,QYHVWLVVHPHQWV
'pYHORSSHUOHVWUDQVSRUWVURXWLHUVGDQVODFRPPXQHGHNDQLDVVR
&RQVWUXFWLRQG¢XQGDORWGHPqWUHVOLQpDLUHVPOj.DQLDVVR
'pYHORSSHUO
K{WHOOHULHHWODUHVWDXUDWLRQGDQVODFRPPXQHGHNDQLDVVR
([WHQVLRQGHO¢DXEHUJHPXQLFLSDOH7UDYDX[FRPSOpPHQWDLUHV
'pYHORSSHUOHORJHPHQWGDQVODFRPPXQHGHNDQLDVVR
&RQVWUXFWLRQGHGHX[ORJHPHQWVVRFLDX[j.DQLDVVR
(OHFWULILFDWLRQGHTXDWUHORJHPHQWVVRFLDX[j.DQLDVVR
'pYHORSSHUOHVDXWUHVVHUYLFHVJpQpUDX[GDQVODFRPPXQHGHNDQLDVVR
$FTXLVLWLRQG¢XQWUDFWRSHOOHSRXUOD0DLULHGH.DQLDVVR
&RPPXQHGH*UDQG/DKRX
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHJUDQGODKRX
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH*UDQG/DKRX
,QYHVWLVVHPHQWV
'pYHORSSHUODGLVWULEXWLRQOHVHQWUHS{WVHWOHVPDJDVLQVGDQVODFRPPXQHGHJUDQGODKRX
&RQVWUXFWLRQGHPDJDVLQVDXPDUFKpGH62*(),+$HWGHER[KDQJDUVjODJDUH
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
'pYHORSSHUOHVpTXLSHPHQWVFROOHFWLIVGDQVODFRPPXQHGHJUDQGODKRX
$PpQDJHPHQWG
XQFLPHWLqUHPXQLFLSDO
$PpQDJHPHQWGHVHVSDFHVYHUWVHWMDUGLQVGHO
+{WHOGH9LOOH
$FTXpULUGHVDSSDUHLOVHWGXPDWpULHOWKpUDSHXWLTXHGDQVODFRPPXQHGHJUDQGODKRX
(TXLSHPHQWHQPRELOLHUGXFHQWUHGHVDQWpLQWpJUpGH1
]LGD6XGqPH([WHQVLRQ
'pYHORSSHUGHVGLVSHQVDLUHVHWGHVPDWHUQLWpVGDQVODFRPPXQHGHJUDQGODKRX
5DFFRUGHPHQWHQpOHFWULFLWpGXFHQWUHGHVDQWpLQWpJUp1
]LGD6XGqPH([WHQVLRQ
5DFFRUGHPHQWHQHDXGXFHQWUHGHVDQWpLQWpJUp1
]LGD6XGqPH([WHQVLRQ
&RQVWUXFWLRQGHODFO{WXUHHWG
XQSUpDXDXFHQWUHGHVDQWpLQWpJUpGH1
]LGD6XGqPH([WHQVLRQ
&RQVWUXFWLRQGHWURLVFHQWUHVGHVDQWpj1
]LGD6XGqPHH[WHQVLRQ*URVVRH[WHQ[LRQHW1
JRUDQNUR
&RPPXQHGH*ERQ
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHJERQ
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH*ERQ
,QYHVWLVVHPHQWV
'pYHORSSHUOHVpTXLSHPHQWVFROOHFWLIVGDQVODFRPPXQHGHJERQ
5pKDELOLWDWLRQGHTXDWUHWRLOHWWHVSXEOLTXHVDXPDUFKpGH*ERQ
'pYHORSSHUOHVWUDQVSRUWVURXWLHUVGDQVODFRPPXQHGHJERQ
&RQVWUXFWLRQGHFDQLYHDX[PqWUHVOLQpDLUHVHWGHGDORWVPqWUHVOLQpDLUHVj*ERQYLOOH
5HSURILODJHORXUGGHWURLVNLORPqWUHVNPGHURXWHVGDQVOHVTXDUWLHUV5pVLGHQWLHO)RUJHURQ7LEHW6DQRJRHW%UDPDNRWrGHODFRPPXQHGH
*ERQ
'pYHORSSHUODJHVWLRQGHVHDX[XVpHVGDQVODFRPPXQHGHJERQ
&RQVWUXFWLRQGHFDQLYHDX[PqWUHVOLQpDLUHVHWGHGDORWVPqWUHVOLQpDLUHVj*ERQYLOOH
'pYHORSSHUGHVGLVSHQVDLUHVHWGHVPDWHUQLWpVGDQVODFRPPXQHGHJERQ
5pKDELOLWDWLRQGHVEkWLPHQWVGHODPDWHUQLWpHWGHODPpGHFLQHGX&HQWUHGH6DQWp8UEDLQ&68GH*ERQ
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODFRPPXQHGHJERQ
&RQVWUXFWLRQGHPqWUHVOLQpDLUHVGHFO{WXUHGHO
(33*ERQ
&RQVWUXFWLRQG
XQHpFROHSULPDLUHGHVL[FODVVHVEXUHDXHWG
XQEORFODWULQHGHWURLVFDELQHVDXTXDUWLHUFKkWHDX
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
5pKDELOLWDWLRQGHVL[FODVVHVEXUHDXHWFRQVWUXFWLRQG
XQEORFODWULQHGHWURLVFDELQHVjO
(33*ERQ
&RPPXQHGH=XpQRXOD
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH]XHQRXOD
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH=XpQRXOD
,QYHVWLVVHPHQWV
'pYHORSSHUODGLVWULEXWLRQOHVHQWUHS{WVHWOHVPDJDVLQVGDQVODFRPPXQHGH]XHQRXOD
5pKDELOLWDWLRQGHO
DEDWWRLUPXQLFLSDOGH=XpQRXOD
'pYHORSSHUODSUpVHUYDWLRQGHODGLYHUVLWpELRORJLTXHHWODSURWHFWLRQGHODQDWXUHGDQVODFRPPXQHGH]XHQRXOD
$PpQDJHPHQWG¢HVSDFHVYHUWVjO¢HVSDFH9$0<GDQVOD&RPPXQHGH=XpQRXOD
'pYHORSSHUO
DOLPHQWDWLRQHQHDXGDQVODFRPPXQHGH]XHQRXOD
DGGXFWLRQG
HDXGHVTXDUWLHUV5pVLGHQWLHOHW&KkWHDX
'pYHORSSHUOHVpTXLSHPHQWVFROOHFWLIVGDQVODFRPPXQHGH]XHQRXOD
5pKDELOLWDWLRQGHODFO{WXUHGXFLPHWLqUHPXQLFLSDOGH=XpQRXOD
'pYHORSSHUGHVGLVSHQVDLUHVHWGHVPDWHUQLWpVGDQVODFRPPXQHGH]XHQRXOD
&RQVWUXFWLRQG¢XQFHQWUHGHVDQWpXUEDLQj=XpQRXOD
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODFRPPXQHGH]XHQRXOD
&RQVWUXFWLRQG
XQHpFROHSULPDLUH(33=XpQRXODSOXVXQEXUHDXSOXVXQHODWULQHjVL[FDELQHV
5pKDELOLWDWLRQG
XQEkWLPHQWGHVL[FODVVHVSOXVGHX[ODWULQHVjO
(33&KkWHDXGH=XpQRXOD
&RQVWUXFWLRQG
(33$YHQLU
(TXLSHPHQWGHV(33'ULNRXDvIOD3RKL]UD=XpQRXOD$YLDWLRQ=XpQRXOD$YHQLU&KkWHDXHQWDEOHVEDQFV
&RPPXQHGH'LNRGRXJRX
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHGLNRGRXJRX
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH'LNRGRXJRX
,QYHVWLVVHPHQWV
'pYHORSSHUOHVWUDQVSRUWVURXWLHUVGDQVODFRPPXQHGHGLNRGRXJRX
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
5pIHFWLRQGH.0GHODYRLULHPXQLFLSDOH'LNR.DUDNSR3RXQGLD1HUNpQp=DQJERNSR
'pYHORSSHUODGLVWULEXWLRQOHVHQWUHS{WVHWOHVPDJDVLQVGDQVODFRPPXQHGHGLNRGRXJRX
&RQVWUXFWLRQG
XQPDUFKpPRGHUQHGDQVODFRPPXQH
'pYHORSSHUOHVpTXLSHPHQWVFROOHFWLIVGDQVODFRPPXQHGHGLNRGRXJRX
&RQVWUXFWLRQG
XQHPRUJXHj'LNRGRXJRXVL[FDVLHUV
'pYHORSSHUO
pFODLUDJHSXEOLFGDQVODFRPPXQHGHGLNRGRXJRX
([WHQVLRQGXUpVHDXG
pFODLUDJHSXEOLFGDQVODYLOOHGH'LNRGRXJRXSRWHDX[DFFHVVRLUHV
'pYHORSSHUO
DOLPHQWDWLRQHQHDXGDQVODFRPPXQHGHGLNRGRXJRX
([WHQVLRQGXUpVHDXG
DGGXFWLRQHQHDXSRWDEOHGDQVODYLOOHGH'LNRGRXJRX
'pYHORSSHUGHVGLVSHQVDLUHVHWGHVPDWHUQLWpVGDQVODFRPPXQHGHGLNRGRXJRX
5pKDELOLWDWLRQGXFHQWUHGHVDQWpXUEDLQGH'LNRGRXJRX
'pYHORSSHUGHVVHUYLFHVFXOWXUHOVGDQVODFRPPXQHGHGLNRGRXJRX
$FKDWGHODPSDGDLUHVjpQHUJLHVRODLUHSRXUO
DLUHGHMHXGXQRXYHDXIR\HUGHVMHXQHV
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODFRPPXQHGHGLNRGRXJRX
&RQVWUXFWLRQG
XQEkWLPHQWGHWURLVFODVVHVHWXQEXUHDXjO
pFROHSULPDLUHSXEOLTXH'LWLHPED
5pKDELOLWDWLRQGHEkWLPHQWVGHWURLVpFROHVSULPDLUHVSXEOLTXHV'LNRFODVVHV'LNRFODVVHVHW'LNRFODVVH
'pYHORSSHUOHVDXWUHVVHUYLFHVJpQpUDX[GDQVODFRPPXQHGHGLNRGRXJRX
$FKDWGHWULF\FOHVSRXUOHVHUYLFH7HFKQLTXHWULF\FOHV
'pYHORSSHUOHVVHUYLFHVGHSROLFHGDQVODFRPPXQHGHGLNRGRXJRX
$FKDWGHPRWRVSRXUOH&RPPLVVDULDWGH3ROLFHPRWRV
&RPPXQHGH*XLEHURXD
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHJXLEHURXD
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH*XLEHURXD
,QYHVWLVVHPHQWV
'pYHORSSHUOHVDXWUHVVHUYLFHVJpQpUDX[GDQVODFRPPXQHGH*XLEHURXD
5pKDELOLWDWLRQGHODVDOOHGHPDULDJHGHODPDLULHGH*8,%(528$
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
(TXLSHPHQWHQPRELOLHUVGHEXUHDXGHVVHUYLFHVPXQLFLSDX[
'pYHORSSHUODGLVWULEXWLRQOHVHQWUHS{WVHWOHVPDJDVLQVGDQVODFRPPXQHGHJXLEHURXD
7UDYDX[G
DPpQDJHPHQWGXPDUFKpGH*XLEpURXD
'pYHORSSHUOHVWUDQVSRUWVURXWLHUVGDQVODFRPPXQHGHJXLEHURXD
7UDYDX[G
DPpQDJHPHQWGHODJDUHURXWLqUH
&RQVWUXFWLRQGHWUHQWHGRVG
kQHVGDQVODYLOOHGH*XLEpURXD
'pYHORSSHUGHVVHUYLFHVFXOWXUHOVGDQVODFRPPXQHGHJXLEHURXD
5pKDELOLWDWLRQGXIR\HUSRO\YDOHQW
&RPPXQHGH)UHVFR
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHIUHVFR
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH)UHVFR
,QYHVWLVVHPHQWV
'pYHORSSHUOHVVHUYLFHVGHSROLFHGDQVODFRPPXQHGHIUHVFR
&RQVWUXFWLRQG
XQFRPPLVVDULDWGHSROLFHj)UHVFR
'pYHORSSHUODGLVWULEXWLRQOHVHQWUHS{WVHWOHVPDJDVLQVGDQVODFRPPXQHGHIUHVFR
&RQVWUXFWLRQG
XQPDUFKpj)UHVFR
&RQVWUXFWLRQGHTXDWUHKDQJDUVGRQWGHX[DXPDUFKpGH)UHVFRHWGHX[DXPDUFKpGH=HJEDQDQFLHQ
'pYHORSSHUO
DOLPHQWDWLRQHQHDXGDQVODFRPPXQHGHIUHVFR
([WHQVLRQGXUpVHDXG
HDXSRWDEOHDX[QRXYHDX[TXDUWLHUV&(*&(*&(*GH)UHVFR
'pYHORSSHUGHVGLVSHQVDLUHVHWGHVPDWHUQLWpVGDQVODFRPPXQHGHIUHVFR
&RQVWUXFWLRQG
XQGLVSHQVDLUHj/RXORXGRX
'pYHORSSHUOHVDXWUHVVHUYLFHVJpQpUDX[GDQVODFRPPXQHGHIUHVFR
&RQVWUXFWLRQGHODFO{WXUHGHODPDLULHGH)UHVFR
&RPPXQHGH7HKLQL
7UDQVIHUWV
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHWpKLQL
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH7HKLQL
,QYHVWLVVHPHQWV
'pYHORSSHUOHORJHPHQWGDQVODFRPPXQHGHWpKLQL
5pKDELOLWDWLRQGHGHX[ORJHPHQWVVRFLDX[j7(+,1,5(6,'(17,(/
'pYHORSSHUO
DOLPHQWDWLRQHQHDXGDQVODFRPPXQHGHWpKLQL
([WHQVLRQGXUpVHDXG
DGGXFWLRQG
HDXNLORPqWUHj7(+,1,TXDUWLHU:DVVDNDUD
'pYHORSSHUO
pFODLUDJHSXEOLFGDQVODFRPPXQHGHWpKLQL
([WHQVLRQGXUpVHDXpOHFWULTXHGHNLORPqWUHVj7(+,1,TXDUWLHU:DVVDNDUD
'pYHORSSHUGHVVHUYLFHVGHUDGLRGLIIXVLRQGHWpOpYLVLRQHWG¢pGLWLRQGDQVODFRPPXQHGHWpKLQL
(TXLSHPHQWGHODUDGLRGHSUR[LPLWpHQPDWpULHOVWHFKQLTXHVPLFURVEDODGHXUVPLFURVIL[HVNLWVpPHWWHXUVSRUWDEOHVDUPRLUHV
WHFKQLTXHVNLWVG
DFFHVVRLUHVGHSLORQQHGHUpFHSWLRQ
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODFRPPXQHGHWpKLQL
5pKDELOLWDWLRQG
(337(+,1,,,
&RQVWUXFWLRQGHWURLVFODVVHVEXUHDXj)pNL
'pYHORSSHUOHVVHUYLFHVGHSROLFHGDQVODFRPPXQHGHWpKLQL
&RQVWUXFWLRQGXFRPPLVVDULDWGHSROLFHGH7(+,1,
&RPPXQHGH6LQIUD
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHVLQIUD
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH6LQIUD
,QYHVWLVVHPHQWV
'pYHORSSHUODJHVWLRQGHVGpFKHWVGDQVODFRPPXQHGHVLQIUD
$FTXLVLWLRQG
XQWUDFWHXUDYHFFKDUJHXUIURQWDOSRXUOD0DLULHGH6LQIUD
'pYHORSSHUO
DOLPHQWDWLRQHQHDXGDQVODFRPPXQHGHVLQIUD
([WHQVLRQGXUpVHDXG
HDXSRWDEOHGHNPGDQVOHTXDUWLHU3URQLDQLH[WHQVLRQGH6LQIUD
'pYHORSSHUGHVGLVSHQVDLUHVHWGHVPDWHUQLWpVGDQVODFRPPXQHGHVLQIUD
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
&RQVWUXFWLRQGXORJHPHQWGHODVDJHIHPPHGHODPDWHUQLWpGH%LQRXIODGDQVODFRPPXQHGH6LQIUD
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODFRPPXQHGHVLQIUD
5pKDELOLWDWLRQGHTXDWUHVDOOHVGHFODVVHGHO
(33'RXDIODGDQVOD&RPPXQHGH6LQIUD
&RQVWUXFWLRQGHWURLVFODVVHVDYHFEXUHDXjO
(333UR]LEODQIODGDQVOD&RPPXQHGH6LQIUD
'pYHORSSHUOHVWUDQVSRUWVURXWLHUVGDQVODFRPPXQHGHVLQIUD
&RQVWUXFWLRQGHGHX[GDORWVGHRQ]HPqWUHVFKDFXQDXTXDUWLHU'LRXODERXJRXGH6LQIUD
&RPPXQHGH2XHOOp
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHRXHOOH
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH2XHOOH
,QYHVWLVVHPHQWV
'pYHORSSHUODGLVWULEXWLRQOHVHQWUHS{WVHWOHVPDJDVLQVGDQVODFRPPXQHGHRXHOOH
&RQVWUXFWLRQGHGL[PDJDVLQVDXPDUFKpPXQLFLSDOGH2XHOOp
'pYHORSSHUOHVWUDQVSRUWVURXWLHUVGDQVODFRPPXQHGHRXHOOH
5HSURILODJHGHVUXHVGHVYLOODJHV2XHOOp.RXPDQRX.RGLDNUR%DOpNRNUR.RGL.RPpOpNURGHOD&RPPXQHGH2XHOOpNP
'pYHORSSHUO
pFODLUDJHSXEOLFGDQVODFRPPXQHGHRXHOOH
([WHQVLRQGXUpVHDXpOHFWULTXHGDQVOHVTXDUWLHUVGHODYLOOHGH2XHOOpNPSRXUSRWHDX[
'pYHORSSHUO
HQVHLJQHPHQWSUppOpPHQWDLUHGDQVODFRPPXQHGHRXHOOH
&RQVWUXFWLRQG
XQHpFROHPDWHUQHOOHGHWURLVFODVVHVXQEXUHDXHWGHX[WRLOHWWHVj.RGL
'pYHORSSHUOHVDXWUHVVHUYLFHVJpQpUDX[GDQVODFRPPXQHGHRXHOOH
&RQVWUXFWLRQGHWURLVWRLOHWWHVGDQVODFRXUGHOD0DLULHGH2XHOOp
$FTXLVLWLRQGHWURLVPRWRF\FOHWWHVSRXUOHVVHUYLFHVILQDQFLHUV
&RPPXQHGH%HWWLp
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHEHWWLH
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH%HWWLH
,QYHVWLVVHPHQWV
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
'pYHORSSHUOHVDXWUHVVHUYLFHVJpQpUDX[GDQVODFRPPXQHGHEHWWLH
&RQVWUXFWLRQGHODFO{WXUHGHOD0DLULHGH%HWWLp
'pYHORSSHUOHVVHUYLFHVGHSROLFHGDQVODFRPPXQHGHEHWWLH
&RQVWUXFWLRQGHODFO{WXUHGXFRPPLVVDULDWGH%HWWLp
'pYHORSSHUOHVWUDQVSRUWVURXWLHUVGDQVODFRPPXQHGHEHWWLH
&RQVWUXFWLRQGHODJDUHURXWLqUHGH%HWWLp
&RQVWUXFWLRQG
XQRXYUDJHGHIUDQFKLVVHPHQWj%HWWLp
&RQVWUXFWLRQG
XQGDORWORQJXHXUPj'DSDNUR
'pYHORSSHUOHVpTXLSHPHQWVFROOHFWLIVGDQVODFRPPXQHGHEHWWLH
$FTXLVLWLRQGHWHUUDLQVKDDFDSRXUODUpDOLVDWLRQGHSURMHWVGDQVODFRPPXQHGH%HWWLp
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODFRPPXQHGHEHWWLH
&RQVWUXFWLRQG
XQHpFROHSULPDLUHGHWURLVFODVVHVDYHFEXUHDXHWODWULQHVDXTXDUWLHU$JQLNUR
(33(JRXD%HQLpGH%HWWLp([%HWWLp$YLDWLRQ
'pYHORSSHUODJHVWLRQGHVHDX[XVpHVGDQVODFRPPXQHGHEHWWLH
&RQVWUXFWLRQGHPOLQpDLUHVGHFDQLYHDX[j%HWWLp4XDUWLHU$JQLNUR
&RPPXQHGH*UDQG%DVVDP
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHJUDQGEDVVDP
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH*UDQG%DVVDP
,QYHVWLVVHPHQWV
'pYHORSSHUOHVWUDQVSRUWVURXWLHUVGDQVODFRPPXQHGHJUDQGEDVVDP
5HSURILODJHORXUGGHNPGHYRLHVDX[TXDUWLHUV&DIRSHW0RFNH\YLOOHGHODFRPPXQHGH*UDQG%DVVDP
'pYHORSSHUO
HQVHLJQHPHQWSUppOpPHQWDLUHGDQVODFRPPXQHGHJUDQGEDVVDP
&RQVWUXFWLRQG
XQHpFROHSUpVFRODLUHGHGHX[FODVVHVj(33$%/(EORFGHWRLOHWWHV
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODFRPPXQHGHJUDQGEDVVDP
&RQVWUXFWLRQG
XQQRXYHDXEkWLPHQWGHWURLVFODVVHVSOXVEORFODWULQHVjO
(33$]]XUHWL
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
5pKDELOLWDWLRQGHGHX[pFROHVSULPDLUHV(330RRVVRXFO{WXUHXQEkWLPHQWGHWURLVFODVVHVSOXVEXUHDXXQEkWLPHQWGH
TXDWUHFODVVHVSOXVXQEORFWRLOHWWHV(33&RQJREkWLPHQWGHWURLVFODVVHVSOXVEORFGHWRLOHWWHV
&RQVWUXFWLRQG
XQHQRXYHOOHpFROHSULPDLUHGHVL[FODVVHVSOXVEXUHDXSOXVEORFGHWRLOHWWHVj<DNDVVp
&RPPXQHGH%RQJRXDQRX
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHERQJRXDQRX
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH%RQJRXDQRX
,QYHVWLVVHPHQWV
'pYHORSSHUOHVDXWUHVVHUYLFHVJpQpUDX[GDQVODFRPPXQHGHERQJRXDQRX
5HQRYDWLRQGHO
K{WHOGHYLOOHGH%RQJRXDQRX
(FODLUDJHGHO
K{WHOGHYLOOHHWGHVVHUYLFHVWHFKQLTXHVGHOD0DLULHGH%RQJRXDQRX
'pYHORSSHUOHVWUDQVSRUWVURXWLHUVGDQVODFRPPXQHGHERQJRXDQRX
2XYHUWXUHVGHVUXHVNPGHVTXDUWLHUVUpVLGHQWLHOV%HODLU+DELWDW.DQJDQGL(KXLNURHW&)$
'pYHORSSHUODGLVWULEXWLRQOHVHQWUHS{WVHWOHVPDJDVLQVGDQVODFRPPXQHGHERQJRXDQRX
&RQVWUXFWLRQGHYLQJWPDJDVLQVHWXQEORFWRLOHWWHVDXTXDUWLHUFRPPHUFH
&RQVWUXFWLRQGHTXLQ]HPDJDVLQVHWGHVVDOOHVG
HDXDWWHQDQWHVDXTXDUWLHUFRPPHUFH
&RQVWUXFWLRQGHGHX[PDUFKpVFRXYHUWVDXTXDUWLHU+DELWDWHWj7DQRVVR
(OHFWULILFDWLRQHWpFODLUDJHGXJUDQGPDUFKpGH%RQJRXDQRX
$PpQDJHPHQWGHVDERUGVGHVPDJDVLQVGXTXDUWLHUFRPPHUFH
'pYHORSSHUOHVpTXLSHPHQWVFROOHFWLIVGDQVODFRPPXQHGHERQJRXDQRX
$PpQDJHPHQWGHVDERUGVGXODF6RNRWq
/RWLVVHPHQWDX[TXDUWLHUVUpVLGHQWLHOH[WHQVLRQ$JQLNURHW+DELWDWFHQWFLQTXDQWHORWV
'pYHORSSHUGHVGLVSHQVDLUHVHWGHVPDWHUQLWpVGDQVODFRPPXQHGHERQJRXDQRX
&RQVWUXFWLRQGHODFO{WXUHGXFHQWUHGHVDQWpXUEDLQGH.DQJDQGL
'pYHORSSHUGHVVHUYLFHVFXOWXUHOVGDQVODFRPPXQHGHERQJRXDQRX
&RQVWUXFWLRQGHODFO{WXUHSOXVJXpULWHSOXVEORFWRLOHWWHVDXFHQWUHFXOWXUHOGH%RQJRXDQRX
(FODLUDJHGXFHQWUHFXOWXUHOGH%RQJRXDQRX
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODFRPPXQHGHERQJRXDQRX
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
5pKDELOLWDWLRQGXJURXSHVFRODLUHGH%DQDERFODVVHV
&RQVWUXFWLRQG
XQHpFROHSULPDLUHGHWURLVFODVVHVSOXVEXUHDXSOXVWRLOHWWHV$KRURVVR
&RPPXQHGH*XLHPEp
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHJXLHPEH
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH*XLHPEH
,QYHVWLVVHPHQWV
'pYHORSSHUOHVDXWUHVVHUYLFHVJpQpUDX[GDQVODFRPPXQHGHJXLHPEH
5pKDELOLWDWLRQGHVVHUYLFHVWHFKQLTXHVGHOD0DLULHSKDVH
$PpQDJHPHQWHWpTXLSHPHQWHQPRELOLHUGHODVDOOHGHPDULDJHGHO
K{WHOGHYLOOH
'pYHORSSHUOHVVHUYLFHVJpQpUDX[GHSODQLILFDWLRQHWGHVWDWLVWLTXHVGDQVODFRPPXQHGHJXLHPEH
(ODERUDWLRQGXSODQVWUDWpJLTXHGHGpYHORSSHPHQWGH*XLHPEp
'pYHORSSHUOHVpTXLSHPHQWVFROOHFWLIVGDQVODFRPPXQHGHJXLHPEH
$PpQDJHPHQWGHODSODFHSXEOLTXH$PDGRX*RQ&RXOLEDO\HVSDFHYHUWGHJXLHPEpP
'pYHORSSHUGHVVHUYLFHVFXOWXUHOVGDQVODFRPPXQHGHJXLHPEH
$PpQDJHPHQWHWHPEHOOLVVVHPHQWGHO
HVSDFHFXOWXUHOPXOWLpGLDP
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODFRPPXQHGHJXLHPEH
5pKDELOLWDWLRQGHVDOOHVGHFODVVHVHWEXUHDXDX[(33*XLHPEpHWFODVVHVHWEXUHDX[
'pYHORSSHUGHVGLVSHQVDLUHVHWGHVPDWHUQLWpVGDQVODFRPPXQHGHJXLHPEH
5pKDELOLWDWLRQGHODPDWHUQLWpGH*XLHPEp
5pKDELOLWDWLRQGXORJHPHQWGHVVWDJLDLUHVGXFHQWUHGHVDQWpXUEDLQGH*XLHPEp
&RPPXQHGH'LRXODWLHGRXJRX
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHGLRXODWLHGRXJRX
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH'LRXODWLpGRXJRX
,QYHVWLVVHPHQWV
'pYHORSSHUOHVDXWUHVVHUYLFHVJpQpUDX[GDQVODFRPPXQHGHGLRXODWLHGRXJRX
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
$FTXLVLWLRQGHTXDWUHPRWRVGHGHX[URXHVSRXUOHVHUYLFHGHUHFRXYUHPHQWGHOD0DLULH
(TXLSHPHQWGHO
+{WHOGHYLOOHGH'LRXODWLpGRXJRXHQPRELOLHUVHWDJHQFHPHQWVGHEXUHDX
$FTXLVLWLRQGHKXLWVSOLWVSRXUOHVVHUYLFHVGHO
+{WHOGHYLOOHGH'LRXODWLpGRXJRX
'pYHORSSHUO
DOLPHQWDWLRQHQHDXGDQVODFRPPXQHGHGLRXODWLHGRXJRX
5pKDELOLWDWLRQGHVSRPSHVjPRWULFLWpKXPDLQHj'LRXODWLpGRXJRX'RPEDHW7LpNRURGRXJRX
'pYHORSSHUO
pFODLUDJHSXEOLFGDQVODFRPPXQHGHGLRXODWLHGRXJRX
5HPSODFHPHQWGHTXDUDQWHFLQTSRWHDX[pOHFWULTXHVHQERLVSDUGHVSRWHDX[HQEpWRQj'LRXODWLpGRXJRX
,QVWDOODWLRQG
XQUpVHDX+SRXUDOLPHQWHUOHQRXYHDXTXDUWLHUGH'LRXODWLpGRXJRXHQpOHFWULFLWp
'pYHORSSHUGHVGLVSHQVDLUHVHWGHVPDWHUQLWpVGDQVODFRPPXQHGHGLRXODWLHGRXJRX
&RQVWUXFWLRQGHGHX[ORJHPHQWVVRFLDX[GHWURLVSLqFHVSRXUOHSHUVRQQHOVRLJQDQWDX&HQWUHGH6DQWpGH7LpNRURGRXJRXqPHWUDQFKH
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODFRPPXQHGHGLRXODWLHGRXJRX
&RQVWUXFWLRQG
(33GH'LRXODWLpGRXJRX
5DFFRUGHPHQWGHO
(33'LRXODWLpGRXJRXHQpOHFWULFLWpSRVHGHFRPSWHXUpOHFWULTXH
&RPPXQHGH*RKLWDIOD
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHJRKLWDIOD
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH*RKLWDIOD
,QYHVWLVVHPHQWV
'pYHORSSHUOHVWUDQVSRUWVURXWLHUVGDQVODFRPPXQHGHJRKLWDIOD
&RQVWUXFWLRQG¢XQGDORWGHP;P[PDXTXDUWLHU%OqIODGDQVODFRPPXQHGH*RKLWDIOD
'pYHORSSHUODGLVWULEXWLRQOHVHQWUHS{WVHWOHVPDJDVLQVGDQVODFRPPXQHGHJRKLWDIOD
&RQVWUXFWLRQGHWURLVPDJDVLQVjSUR[LPLWpGXFDUUHIRXUGXPDUFKpGH*RKLWDIOD
'pYHORSSHUO
DOLPHQWDWLRQHQHDXGDQVODFRPPXQHGHJRKLWDIOD
5pDOLVDWLRQG¢XQIRUDJHK\GUDXOLTXHGDQVODYLOOHGH*RKLWDIOD
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODFRPPXQHGHJRKLWDIOD
&RQVWUXFWLRQG¢XQEkWLPHQWGHWURLVVDOOHVGHFODVVHEXUHDXXQEORFGHWRLOHWWHVjO
(33.RXDwVVHL]UDGDQVODFRPPXQHGH
*RKLWDIOD
&RQVWUXFWLRQG¢XQEkWLPHQWGHWURLVVDOOHVGHFODVVHEXUHDXXQEORFGHWRLOHWWHVjO
(33'LpJDODIODGDQVODFRPPXQHGH*RKLWDIOD
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
'pYHORSSHUOHVDXWUHVVHUYLFHVJpQpUDX[GDQVODFRPPXQHGHJRKLWDIOD
&RQVWUXFWLRQG¢XQPDJDVLQSRXUOHVHUYLFHWHFKQLTXH
&RPPXQHGH1LDNDUDPDGRXJRX
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHQLDNDUDPDGRXJRX
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH1LDNDUDPDGRXJRX
,QYHVWLVVHPHQWV
'pYHORSSHUODGLVWULEXWLRQOHVHQWUHS{WVHWOHVPDJDVLQVGDQVODFRPPXQHQLDNDUDPDGRXJRX
&RQVWUXFWLRQGHGL[PDJDVLQVDXSHWLWPDUFKpGH1,$.$5$0$1'28*28
'pYHORSSHUOHVWUDQVSRUWVURXWLHUVGDQVODFRPPXQHQLDNDUDPDGRXJRX
2XYHUWXUHGHVYRLHVGHNPDX[TXDUWLHUV.DKLKRQDQ$OOqNDKDH[WHQVLRQ5pVLGHQWLHOH[WHQVLRQ
'pYHORSSHUODJHVWLRQGHVHDX[XVpHVGDQVODFRPPXQHQLDNDUDPDGRXJRX
5pDOLVDWLRQG
RXYUDJHVG
DVVDLQLVVHPHQWHWGHGUDLQDJHDX[TXDUWLHUV+DELWDWHW&KkWHDXGH1,$.$5$0$1'28*28
'pYHORSSHUGHVVHUYLFHVFXOWXUHOVGDQVODFRPPXQHQLDNDUDPDGRXJRX
&RQVWUXFWLRQG
XQQRXYHDXEkWLPHQWDXIR\HUGHVMHXQHVGH1LDNDUDPDGRXJRX
(TXLSHPHQWGXQRXYHDXEkWLPHQWDXIR\HUGHVMHXQHVGH1,$.$5$0$1'28*28GHX[EXUHDX[GHX[IDXWHXLOVGHGLUHFWLRQVL[FKDLVHVYLVLWHXUV
XQHWDEOHGHVpDQFHGHX[FHQWVFKDLVHV
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODFRPPXQHQLDNDUDPDGRXJRX
&RQVWUXFWLRQG
XQEkWLPHQWGHWURLVFODVVHVEXUHDXHWODWULQHVDXJURXSHVFRODLUH'RIDQJXLGH1LDNDUDPDGRXJRX
$FTXLVLWLRQGHWDEOHVEDQFVSRXUOH*6'RIDQJXL(331$/2%DPEDHW5pVLGHQWLHO
&RPPXQHGH'XDOOD
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHGXDOOD
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH'XDOOD
,QYHVWLVVHPHQWV
'pYHORSSHUOHVVHUYLFHVGHSROLFHGDQVODFRPPXQHGHGXDOOD
5pKDELOLWDWLRQGHVORFDX[GXSRVWHGHODJHQGDUPHULHGH'XDOOD
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
'pYHORSSHUOHVWUDQVSRUWVURXWLHUVGDQVODFRPPXQHGHGXDOOD
2XYHUWXUHGHNPGHYRLHVGXQRXYHDXTXDUWLHUGH'XDOOD
'pYHORSSHUODGLVWULEXWLRQOHVHQWUHS{WVHWOHVPDJDVLQVGDQVODFRPPXQHGHGXDOOD
5pKDELOLWDWLRQGXPDUFKpGH'XDOOD
'pYHORSSHUOHORJHPHQWGDQVODFRPPXQHGHGXDOOD
&RQVWUXFWLRQGHORJHPHQWVRFLDOj'RQD
'pYHORSSHUOHVpTXLSHPHQWVFROOHFWLIVGDQVODFRPPXQHGHGXDOOD
/RWLVVHPHQWGHORWVGDQVODYLOOHGH'XDOOD
'pYHORSSHUO
HQVHLJQHPHQWSUppOpPHQWDLUHGDQVODFRPPXQHGHGXDOOD
&RQVWUXFWLRQG
XQEkWLPHQWGHWURLVFODVVHVSOXVEXUHDXSRXUOHSUpVFRODLUHjO
(33'XDOOD
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODFRPPXQHGHGXDOOD
&RQVWUXFWLRQG
XQEkWLPHQWGHWURLVFODVVHVDYHFODWULQHVjO
(336RNRXUDSRXUOHSULPDLUH
'pYHORSSHUODJHVWLRQGHVGpFKHWVGDQVODFRPPXQHGHGXDOOD
$FTXLVLWLRQG
XQFDPLRQGHUDPDVVDJHGHVRUGXUHV
'pYHORSSHUGHVVHUYLFHVFXOWXUHOVGDQVODFRPPXQHGHGXDOOD
&RQVWUXFWLRQG
XQHELEOLRWKqTXHPXQLFLSDOHj'XDOOD
&RPPXQHGH%LDQNRXPD
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHELDQNRXPD
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH%LDQNRXPD
,QYHVWLVVHPHQWV
'pYHORSSHUOHVDXWUHVVHUYLFHVJpQpUDX[GDQVODFRPPXQHGHELDQNRXPD
$FTXLVLWLRQG
XQORJLFLHOGHJHVWLRQGHO
pWDWFLYLO
'pYHORSSHUOHVWUDQVSRUWVURXWLHUVGDQVODFRPPXQHGHELDQNRXPD
2XYHUWXUHGHVYRLHVVXUTXDUDQWHNPGDQVODFRPPXQHGH%LDQNRXPD
&UpDWLRQG
XQHJDUHURXWLqUHVXUO
H[VLWHGHODSHWLWHVFLHULH
'pYHORSSHUODGLVWULEXWLRQOHVHQWUHS{WVHWOHVPDJDVLQVGDQVODFRPPXQHGHELDQNRXPD
&RQVWUXFWLRQGHYLQJWFLQTPDJDVLQVVXUO
H[VLWHGHODSHWLWHVFLHULH
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
'pYHORSSHUGHVGLVSHQVDLUHVHWGHVPDWHUQLWpVGDQVODFRPPXQHGHELDQNRXPD
&RQVWUXFWLRQG
XQFHQWUHLQWpJUpGHVDQWpDXTXDUWLHUFRPPHUFHGH%LDQNRXPD
'pYHORSSHUO
HQVHLJQHPHQWSUppOpPHQWDLUHGDQVODFRPPXQHGHELDQNRXPD
&RQVWUXFWLRQG
XQHpFROHPDWHUQHOOHGHWURLVFODVVHVjO
(33GH%LDQNRXPDDYHFXQEXUHDX
'pYHORSSHUGHVVHUYLFHVUpFUpDWLIVHWVSRUWLIVGDQVODFRPPXQHGHELDQNRXPD
5pKDELOLWDWLRQGXVWDGHPXQLFLSDOGH%LDQNRXPD
&RPPXQHGH%LQJHUYLOOH
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHELQJHUYLOOH
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH%LQJHUYLOOH
,QYHVWLVVHPHQWV
'pYHORSSHUGHVGLVSHQVDLUHVHWGHVPDWHUQLWpVGDQVODFRPPXQHGH%LQJHUYLOOH
$FKqYHPHQWGHVWUDYDX[GXFHQWUHGHVDQWpG
$NRXDL6DQWDL
&RQVWUXFWLRQGHGHX[YLOODVGHWURLVSLqFHVSRXUOHVPpGHFLQVGXFHQWUHGHVDQWpGH$NDQGMp
&RQVWUXFWLRQGHODFO{WXUHGXFHQWUHGHVDQWpGH$NDQGMp
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODFRPPXQHGH%LQJHUYLOOH
&RQVWUXFWLRQG
XQHpFROHGHFODVVHVjO
(33DNRXDLVDQWDLODWULQH
5pKDELOLWDWLRQGHFODVVHVjO
(335pVLGHQWLHO
([WHQVLRQGHVWUDYDX[GHFRQVWUXFWLRQGHODFO{WXUHGHO
(33$QDQ
&RQVWUXFWLRQG
XQHFO{WXUHGHO
(33%DJGD6XG
3ODIRQQDJHGHVEkWLPHQWVGHTXDWUHpFROHVSULPDLUHGHVL[FODVVHVSOXVEXUHDX(33$QDGHU0¢EURPLQ6DYDQHHW%DJEDVXG
5pDOLVDWLRQGHODGHX[LqPHSKDVHGHODFO{WXUHGHO¢(33%DJEDVXG
&RPPXQHGH)HUNHVVHGRXJRX
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH)HUNHVVpGRXJRX
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH)HUNHVVHGRXJRX
,QYHVWLVVHPHQWV
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
'pYHORSSHUO
DOLPHQWDWLRQHQHDXGDQVODFRPPXQHGH)HUNHVVpGRXJRX
5pDOLVDWLRQGHFLQTSRPSHVjPRWULFLWpKXPDLQHGDQVFLQTYLOODJHVGHODFRPPXQH*EDPEpOpYRJR6HQLYRJR.DNLNDKD)DQJDNDKDHW
.LODWDYRJR
'pYHORSSHUGHVGLVSHQVDLUHVHWGHVPDWHUQLWpVGDQVODFRPPXQHGH)HUNHVVpGRXJRX
&RQVWUXFWLRQG
XQFHQWUHGHVDQWpDXTXDUWLHU'RXDQH
$FTXpULUGHVDSSDUHLOVHWGXPDWpULHOWKpUDSHXWLTXHGDQVODFRPPXQHGH)HUNHVVpGRXJRX
(TXLSHPHQWGHOD30,GH/DQYLDUDHQPDWpULHOVELRPpGLFDX[
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODFRPPXQHGH)HUNHVVpGRXJRX
&RQVWUXFWLRQGHGHX[EkWLPHQWVGHWURLVFODVVHVSOXVEXUHDX[HW/DWULQHVGDQVOHV(337HSRJRYRJRHW5pVLGHQWLHO
&RPPXQHGH'LDZDOD
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHGLDZDOD
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH'LDZDOD
,QYHVWLVVHPHQWV
'pYHORSSHUOHVDXWUHVVHUYLFHVJpQpUDX[GDQVODFRPPXQHGH'LDZDOD
$FKDWGHWULF\FOHV
'pYHORSSHUODGLVWULEXWLRQOHVHQWUHS{WVHWOHVPDJDVLQVGDQVODFRPPXQHGHGLDZDOD
&RQVWUXFWLRQG¢XQHERXFKpULHPRGHUQHj'LDZDOD
'pYHORSSHUGHVGLVSHQVDLUHVHWGHVPDWHUQLWpVGDQVODFRPPXQHGHGLDZDOD
&RQVWUXFWLRQG¢XQEkWLPHQWGHVDOOHVGHFRQVXOWDWLRQHWVDOOHVGHJDUGHDXFHQWUHGHVDQWpGH'LDZDOD
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODFRPPXQHGHGLDZDOD
&RQVWUXFWLRQG¢XQEkWLPHQWGHVDOOHVGHFODVVHjO
(33/RIpOp
'pYHORSSHUGHVVHUYLFHVFXOWXUHOVGDQVODFRPPXQHGHGLDZDOD
5pKDELOLWDWLRQGXFHQWUHVRFLRFXOWXUHOGH'LDZDOD
&RPPXQHGH'LYR
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHGLYR
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH'LYR
,QYHVWLVVHPHQWV
'pYHORSSHUGHVGLVSHQVDLUHVHWGHVPDWHUQLWpVGDQVODFRPPXQHGHGLYR
5pKDELOLWDWLRQGHODPDWHUQLWpGXTXDUWLHU.RQDQNUR(VW
&RQVWUXFWLRQGHODFO{WXUHGXFHQWUHGHVDQWpGXTXDUWLHU.RQDQNUR(67
'pYHORSSHUODGLVWULEXWLRQOHVHQWUHS{WVHWOHVPDJDVLQVGDQVODFRPPXQHGHGLYR
5pKDELOLWDWLRQGXPDUFKpFHQWUDO
&RQVWUXFWLRQGHVPDUFKpVGHVTXDUWLHUVJUHPLDQOLEDQDLVHWYDWLFDQGH'LYR
'pYHORSSHUO
pFODLUDJHSXEOLFGDQVODFRPPXQHGHGLYR
([WHQVLRQGXUpVHDXpOHFWULTXHGHGDWDNPGHOLJQH
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODFRPPXQHGHGLYR
&RQVWUXFWLRQG
XQEkWLPHQWGHWURLVVDOOHVGHFODVVHSOXVXQEXUHDXjO
pFROHSULPDLUHSXEOLTXHGH%HGMUDQNUR
&RQVWUXFWLRQGHGHX[EkWLPHQWVGHWURLVVDOOHVGHFODVVHSOXVGHX[EXUHDX[DX[JURXSHVVFRODLUHV'LDORJXHH[WHQVLRQHWjO
pFROH
SULPDLUHSXEOLTXH7L]Lp
&RQVWUXFWLRQGHVHSWEkWLPHQWVGHWURLVVDOOHVGHFODVVHGDQVOHVpFROHVSULPDLUHVSXEOLTXHVHWYLOODJHVGHODFRPPXQHGH'LYR
FODVVHV
5pKDELOLWDWLRQGHWURLVEkWLPHQWVGHWURLVVDOOHVGHFODVVHGRQWGHX[DYHFEXUHDX[DXJURXSHVFRODLUHGXTXDUWLHU%RQGRXNRX
&RQVWUXFWLRQG
XQEkWLPHQWGHWURLVVDOOHVGHFODVVHVDXJURXSHVFRODLUHGXTXDUWLHU%ULERUp
5pKDELOLWDWLRQGHGHX[EkWLPHQWVGRQWO
XQGHTXDWUHVDOOHVGHFODVVHVSOXVXQEXUHDXHWO
DXWUHGHWURLVVDOOHVGHFODVVHV
SOXVXQEXUHDX[DXJURXSHVFRODLUH.RQDQNUR$PLWLpFODVVHVHWEXUHDX[
'pYHORSSHUO
HQVHLJQHPHQWSUppOpPHQWDLUHGDQVODFRPPXQHGHGLYR
&RQVWUXFWLRQGHGHX[pFROHVPDWHUQHOOHVGHWURLVVDOOHVGHFODVVHFKDFXQHSOXVEXUHDX[WRLOHWWHVHWFO{WXUHVDX[JURXSHVVFRODLUHV
'RXJDNRH[WHQVLRQHW1RNDQDEREL
&RPPXQHGH/RJRXDOp
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHORJRXDOH
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH/RJRXDOH
,QYHVWLVVHPHQWV
'pYHORSSHUOHVWUDQVSRUWVURXWLHUVGDQVODFRPPXQHGHORJRXDOH
3RVHGHSDYpVVXUWURLVNPGHUXHVj/RJRXDOp
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
RXYHUWXUHGHTXLQ]HNPGHUXHj/RJRXDOp
&RQVWUXFWLRQG
XQDEULPRGHUQHSRXUOHVSDVVDJHUVjODJDUHURXWLqUHGH/RJRXOp
5pDOLVDWLRQGHFDQLYHDX[GDQVODYLOOH/RJRXOpTXDUWLHUIRQFWLRQQDLUH
'pYHORSSHUODGLVWULEXWLRQOHVHQWUHS{WVHWOHVPDJDVLQVGDQVODFRPPXQHGHORJRXDOH
&RQVWUXFWLRQGHVHSWPDJDVLQVjODJDUHURXWLqUHGH/RJRXDOp
'pYHORSSHUGHVGLVSHQVDLUHVHWGHVPDWHUQLWpVGDQVODFRPPXQHGHORJRXDOH
&RQVWUXFWLRQG
XQORJHPHQWG
LQILUPLHUjNRXOLQOH
'pYHORSSHUGHVVHUYLFHVUpFUpDWLIVHWVSRUWLIVGDQVODFRPPXQHGHORJRXDOH
&RQVWUXFWLRQG
XQIR\HUSRXUODMHXQHVVHGH.HWRQJRXLQp*D]LRJRXLQp&RPPXQHGH/RJRXDOp
'pYHORSSHUGHVVHUYLFHVFXOWXUHOVGDQVODFRPPXQHGHORJRXDOH
&RQVWUXFWLRQG
XQIR\HUSRO\YDOHQWj/RJRXDOp
$FTXLVLWLRQGHWURLVFHQWFKDLVHVHWTXDWUHEkFKHVSRXUOHFHQWUHFXOWXUHOGH/RJRXDOp
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODFRPPXQHGHORJRXDOH
&RQVWUXFWLRQGHWURLVFODVVHVj7UR*XH\HV
&RQVWUXFWLRQGHWURLVFODVVHVj'DNRXSOHX
&RQVWUXFWLRQGHWURLVFODVVHVHWG
XQEXUHDXjO
(33GH.SRDJRXLQpFRPPXQHGH/RJRXDOp
&RQVWUXFWLRQGHWURLVFODVVHVHWG
XQEXUHDXHWGHWURLVODWULQHjO
(33GH*D]LRJRXLQp
5pKDELOLWDWLRQGHVL[FODVVHVHWG
XQEXUHDXjO
(SSEDLQGH%UHWDJQHGH/RJRXOp
'pYHORSSHUO
HQVHLJQHPHQWSUppOpPHQWDLUHGDQVODFRPPXQHGHORJRXDOH
&RQVWUXFWLRQG
XQMDUGLQG
HQIDQWVGHWURLVVDOOHVHWEXUHDXj/RJRXDOp
&RPPXQHGH.DQL
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHNDQL
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH.DQL
,QYHVWLVVHPHQWV
'pYHORSSHUO
pFODLUDJHSXEOLFGDQVODFRPPXQHGHNDQL
([WHQVLRQGXUpVHDXpOHFWULTXHDXTXDUWLHU%pOLNURP
'pYHORSSHUOHVpTXLSHPHQWVFROOHFWLIVGDQVODFRPPXQHGHNDQL
([WHQVLRQGXORWLVVHPHQWDXTXDUWLHU%DEDILQLORWV
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODFRPPXQHGHNDQL
&RQVWUXFWLRQGHWURLVVDOOHVGHFODVVHVHWODWULQHVj.DEpOpNRUR
$FTXLVLWLRQGHGHX[FHQWFLQTXDQWHWDEOHVEDQFVSDUVDOOHGHFODVVH(33.DQL(VW(33%HOLNUR
'pYHORSSHUOHVDXWUHVVHUYLFHVJpQpUDX[GDQVODFRPPXQHGHNDQL
&RQVWUXFWLRQG
XQQRXYHOK{WHOGHYLOOH
&RPPXQHGH2XUDJDKLR
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHRXUDJDKLR
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH2XUDJDKLR
,QYHVWLVVHPHQWV
'pYHORSSHUODGLVWULEXWLRQOHVHQWUHS{WVHWOHVPDJDVLQVGDQVODFRPPXQHGHRXUDJDKLR
&RQVWUXFWLRQGHGL[PDJDVLQVFRPPHUFLDX[j2XUDJDKLR
'pYHORSSHUO
pFODLUDJHSXEOLFGDQVODFRPPXQHGHRXUDJDKLR
([WHQVLRQGXUpVHDXpOHFWULTXHGDQVOHVTXDUWLHUV&LWpGHVFDGUHV*EHWURHW0LVVLRQFDWKROLTXHGH2XUDJDKLR
'pYHORSSHUGHVGLVSHQVDLUHVHWGHVPDWHUQLWpVGDQVODFRPPXQHGHRXUDJDKLR
5pKDELOLWDWLRQGXFHQWUHGHVDQWpUXUDOGH%URXGRXPp
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODFRPPXQHGHRXUDJDKLR
&RQVWUXFWLRQG
XQHpFROHSULPDLUHGHVL[FODVVHVSOXVEXUHDXDXTXDUWLHU*EHWURGH2XUDJDKLR
&RQVWUXFWLRQGXqPHEkWLPHQWGHO
(332XUDJDKLRY
&RQVWUXFWLRQG
XQHFODVVHjO
(33=pEL]HNRX
$FTXLVLWLRQGHTXDWUHFHQWWDEOHVEDQFVSRXUOHV(33GHODFRPPXQH
'pYHORSSHUO
HQVHLJQHPHQWSUppOpPHQWDLUHGDQVODFRPPXQHGHRXUDJDKLR
&RQVWUXFWLRQG
XQHpFROHPDWHUQHOOHGHFODVVHVEXUHDXWRLOHWWHjO
(332XUDJDKLR
&RPPXQHGH-DFTXHYLOOH
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHMDFTXHYLOOH
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH-DFTXHYLOOH
,QYHVWLVVHPHQWV
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
'pYHORSSHUO
DOLPHQWDWLRQHQHDXGDQVODFRPPXQHGH-DFTXHYLOOH
([WHQVLRQGXUpVHDXG
DGGXFWLRQHQHDXSRWDEOHGDQVOHVTXDUWLHUVGHODYLOOHGH-DFTXHYLOOH
'pYHORSSHUO
pFODLUDJHSXEOLFGDQVODFRPPXQHGH-DFTXHYLOOH
([WHQVLRQGXUpVHDXpOHFWULTXHHQ07HW%7GDQVOHVTXDUWLHUVGHODYLOOHGH-DFTXHYLOOH
'pYHORSSHUODGLVWULEXWLRQOHVHQWUHS{WVHWOHVPDJDVLQVGDQVODFRPPXQHGH-DFTXHYLOOH
5pKDELOLWDWLRQGXPDUFKpGH-DFTXHYLOOH
&RQVWUXFWLRQG
XQPDUFKpGHSRLVVRQDXTXDUWLHUERUGPDULWLPH(LPLQNRDGDQVODFRPPXQHGH-DFTXHYLOOH
'pYHORSSHUODJHVWLRQGHVGpFKHWVGDQVODFRPPXQHGH-DFTXHYLOOH
$FTXLVLWLRQGHFLQTEDFVSRXUOHUDPDVVDJHGHVRUGXUHVPpQDJqUHV
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODFRPPXQHGH-DFTXHYLOOH
5pKDELOLWDWLRQGHV(33+DELWDW$OODED3DFRP0XQLFLSDOLWp$EUHE\HW$YDJRXGHODFRPPXQHGH-DFTXHYLOOH
$FTXLVLWLRQGHVL[FHQWWDEOHVEDQFVSRXUOHV(FROHVSULPDLUHVSXEOLTXHV(SSGHODFRPPXQHGH-DFTXHYLOOH
'pYHORSSHUGHVVHUYLFHVUpFUpDWLIVHWVSRUWLIVGDQVODFRPPXQHGH-DFTXHYLOOH
5pKDELOLWDWLRQGXVWDGHPXQLFLSDOGH-DFTXHYLOOH
&RPPXQHGH.RXDVVL.RXDVVLNUR
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHNRXDVVLNRXDVVLNUR
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHNRXDVVLNRXDVVLNUR
,QYHVWLVVHPHQWV
'pYHORSSHUO
K{WHOOHULHHWODUHVWDXUDWLRQGDQVODFRPPXQHGHNRXDVVLNRXDVVLNUR
&RQVWUXFWLRQG
XQHDXEHUJHPXQLFLSDOH
'pYHORSSHUODGLVWULEXWLRQOHVHQWUHS{WVHWOHVPDJDVLQVGDQVODFRPPXQHGH.RXDVVL.RXDVVLNUR
&RQVWUXFWLRQG
XQDEDWWRLUPXQLFLSDO
'pYHORSSHUOHVWUDQVSRUWVURXWLHUVGDQVODFRPPXQH.RXDVVL.RXDVVLNUR
2XYHUWXUHGHVYRLHVNPGHVQRXYHDX[ORWLVVHPHQWVTXDUWLHUV5pVLGHQWLHOVHW
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODFRPPXQHGHNRXDVVLNRXDVVLNUR
(33$KRX]DQNUR
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
'pYHORSSHUOHVDXWUHVVHUYLFHVJpQpUDX[GDQVODFRPPXQHGHNRXDVVLNRXDVVLNUR
$FKDWGHWULF\FOHVSRXUOHVVHUYLFHVILQDQFLHUHWWHFKQLTXHGHOD0DLULH
(TXLSHPHQWGHVVHUYLFHVVRFLRFXOWXUHOVHQPDWpULHOVG
DQLPDWLRQHWGHVRQRULVDWLRQ
$FKDWGHWURLVPRWRVSRXUOHVVHUYLFHVPXQLFLSDX[
(TXLSHPHQWGHVVHUYLFHVWHFKQLTXHVHQPRELOLHUV
&RPPXQHGH0
EHQJXp
7UDQVIHUWV
EHQJXH
%HQJXH
,QYHVWLVVHPHQWV
'pYHORSSHUO
pFODLUDJHSXEOLFGDQVODFRPPXQHGHP
EHQJXH
([WHQVLRQGXUpVHDXpOHFWULTXHGHVTXDUWLHUV$EDWWRLUHW'DOpNDKDGH0
%HQJXp
'pYHORSSHUO
K{WHOOHULHHWODUHVWDXUDWLRQGDQVODFRPPXQHGHP
EHQJXH
&RQVWUXFWLRQG
XQDOORFRGURPHj0
%HQJXp
'pYHORSSHUGHVGLVSHQVDLUHVHWGHVPDWHUQLWpVGDQVODFRPPXQHGHP
EHQJXH
&RQVWUXFWLRQG
XQEkWLPHQWjXVDJHGHSKDUPDFLHHWGHEXUHDXGHVHQWUpHVDX&HQWUHGHVDQWpXUEDLQGH0
%HQJXp
'pYHORSSHUO
EHQJXH
&RQVWUXFWLRQG
XQORJHPHQWGHWURLVSLqFHVjO
((3)RXQGR
&RQVWUXFWLRQG
XQORJHPHQWGHWURLVSLqFHVjO
((3*QLQLIRUL
5pKDELOLWDWLRQG
XQEkWLPHQWGHWURLVFODVVHVEXUHDXDXJURXSHVFRODLUH1
*2/2)DWRJRPDGH0
%HQJXp
5pKDELOLWDWLRQG
XQEkWLPHQWGHWURLVFODVVHVDX*URXSH6FRODLUH&28/,%$/<.$'(5GH0
%HQJXp
'pYHORSSHUO
HQVHLJQHPHQWQRQGpILQLSDUQLYHDXGDQVODFRPPXQHGHP
EHQJXH
,QVWLWXWGH)RUPDWLRQjO
(GXFDWLRQ)pPLQLQH,)()GH0
%HQJXp
&RPPXQHGH'DRXNUR
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHGDRXNUR
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH'DRXNUR
,QYHVWLVVHPHQWV
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
'pYHORSSHUOHVWUDQVSRUWVURXWLHUVGDQVODFRPPXQHGHGDRXNUR
5HSURILODJHORXUGHWWUDLWHPHQWGHVSRLQWVFULWLTXHVGHODYRLH5HVLGHQWLHO6LFRJLGHNLORPqWUHVGHORQJ
'pYHORSSHUO
DOLPHQWDWLRQHQHDXGDQVODFRPPXQHGHGDRXNUR
([WHQVLRQGXUpVHDXG
DGGXFWLRQG
HDXSRWDEOHGXTXDUWLHU1RUGH[WHQVLRQqPHWUDQFKHGH'DRXNUR
'pYHORSSHUO
pFODLUDJHSXEOLFGDQVODFRPPXQHGHGDRXNUR
([WHQVLRQGXUpVHDXpOHFWULTXHGXTXDUWLHU'DRXNURH[WHQVLRQGH'DRXNUR
([WHQVLRQGXUpVHDXpOHFWULTXHGXTXDUWLHU6XGH[WHQVLRQGH'DRXNUR
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODFRPPXQHGHGDRXNUR
&RQVWUXFWLRQG
XQEkWLPHQWGHWURLVVDOOHVGHFODVVHXQEXUHDXHWXQPDJDVLQjO
pFROHSULPDLUHSXEOLTXH$ERNpGpJQ\GH'DRXNUR
&RPPXQHGH.DUDNRUR
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHNDUDNRUR
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH.DUDNRUR
,QYHVWLVVHPHQWV
'pYHORSSHUOHVWUDQVSRUWVURXWLHUVGDQVODFRPPXQHGHNDUDNRUR
&RQVWUXFWLRQGXSRQWUHOLDQW3RNDKDj.DUDNRUR
2XYHUWXUHGHODYRLH3RNDKD.RXQLJXpNDKDNPHWWUDLWHPHQWGHGHX[SRLQWVFULWLTXHVVXUO
D[H/DGRULNDKD1DPERGLpOpNDKDHW.RXQLJXHNDKD
'LHULVVRQNDKD
'pYHORSSHUOHVpTXLSHPHQWVFROOHFWLIVGDQVODFRPPXQHGHNDUDNRUR
/RWLVVHPHQWGHNROJRWRQNDKDQDPEHNDKDORWV
'pYHORSSHUO
DOLPHQWDWLRQHQHDXGDQVODFRPPXQHGHNDUDNRUR
5pDOLVDWLRQG
XQIRUDJHpTXLSpHQSRPSHVK\GUDXOLTXHVHWHQFO{WXUHj7DKRXpOpNDKD
7UDYDX[GHUDFFRUGHPHQWDXUpVHDX62'(&,GXYLOODJHGH/$92121.$+$
'pYHORSSHUGHVGLVSHQVDLUHVHWGHVPDWHUQLWpVGDQVODFRPPXQHGHNDUDNRUR
&RQVWUXFWLRQG
XQGLVSHQVDLUHUXUDOj1DPERGLpOpNDKD
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODFRPPXQHGHNDUDNRUR
&RQVWUXFWLRQG
XQEkWLPHQWGHWURLVVDOOHVGHFODVVHHWG
XQEXUHDXj(337DKRXpOpNDKD
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
(TXLSHPHQWGHpFROHVSULPDLUHV/DYRQRQNDKD%ODJERNDKD1DZDLODL.DUDNRUR3RNDKD2OHRNDKD0RURYLQp.RXQLJXpNDKD3DQJDULNDKD
1DKRXRNDKD7DKRXpOpNDKD/RU\pULNDKD1DPERGLpOpNDKD'LpULVVRQNDKD/DZRORNDKD/RWRXQNDKD1DQJRXQNDKD7LpORNDKD7RXOpNDKD/DWLpQpNDKDGHOD
&RPPXQHHQWDEOHVEDQFV
'pYHORSSHUO
HQVHLJQHPHQWSUppOpPHQWDLUHGDQVODFRPPXQHGHNDUDNRUR
5pKDELOLWDWLRQGHODPDWHUQHOOHGH.DUDNRUR
'pYHORSSHUOHVDXWUHVVHUYLFHVJpQpUDX[GDQVODFRPPXQHGHNDUDNRUR
5pKDELOLWDWLRQGHVORFDX[GHODPDLULH
&RPPXQHGH'LPERNUR
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHGLPERNUR
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH'LPERNUR
,QYHVWLVVHPHQWV
'pYHORSSHUOHVWUDQVSRUWVURXWLHUVGDQVODFRPPXQHGHGLPERNUR
$PpQDJHPHQWGHODQRXYHOOHJDUHURXWLqUH
'pYHORSSHUODGLVWULEXWLRQOHVHQWUHS{WVHWOHVPDJDVLQVGDQVODFRPPXQHGHGLPERNUR
&RQVWUXFWLRQGHGL[PDJDVLQVQRQORLQGHODJDUH6,7$5$,/
5pKDELOLWDWLRQGHO
DEDWWRLUPXQLFLSDO
([WHQVLRQGXPDUFKpGH'LPERNUR
&RQVWUXFWLRQGXQRXYHDXPDUFKpGH'LPERNUR
'pYHORSSHUO
DOLPHQWDWLRQHQHDXGDQVODFRPPXQHGHGLPERNUR
(TXLSHPHQWGH&KUpWLHQYLOOH.DGMDERHWGH.RIILNRXDGLRNURHQWURLVSRPSHVjPRWULFLWpKXPDLQH
7UDYDX[G
DGGXFWLRQG
HDXSRWDEOHDXTXDUWLHU.RIIL$FNDQWHWGDQVOHYLOODJHGH'DGLpNRXDVVLNURSRPSHV
'pYHORSSHUGHVGLVSHQVDLUHVHWGHVPDWHUQLWpVGDQVODFRPPXQHGHGLPERNUR
(TXLSHPHQWGXFHQWUHGHVDQWpLQWpJUpGHODFLWp62*(),+$HQPDWpULHOVELRPpGLFDX[
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODFRPPXQHGHGLPERNUR
&RQVWUXFWLRQG
XQEkWLPHQWGHWURLVVDOOHVGHFODVVHEXUHDXjODPDWHUQHOOHGHO
(33.RIIL$FNDQW
&RQVWUXFWLRQG
XQEkWLPHQWGHWURLVVDOOHVGHFODVVHEXUHDXjO
(33%DVVD<RERXHVVRX
'pYHORSSHUOHVDXWUHVVHUYLFHVJpQpUDX[GDQVODFRPPXQHGHGLPERNUR
$FTXLVLWLRQG
XQFKDUJHXUIURQWDODPSLUROHWGHWURLVFRIIUHVjRUGXUHVSRXUOHVVHUYLFHVWHFKQLTXHVGHOD0DLULHGH'LPERNUR
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
&RPPXQHGH'LpJRQHIOD
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHGLHJRQHIOD
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH'LpJRQpIOD
,QYHVWLVVHPHQWV
'pYHORSSHUO
K{WHOOHULHHWODUHVWDXUDWLRQGDQVODFRPPXQHGHGLHJRQHIOD
&RQVWUXFWLRQG
XQDOORFRGURPHj'LpJRQpIOD
&RQVWUXFWLRQG
XQHDXEHUJHPXQLFLSDOHj*RXGL
'pYHORSSHUOHVWUDQVSRUWVURXWLHUVGDQVODFRPPXQHGHGLHJRQHIOD
5HSURILODJHORXUGHWWUDLWHPHQWGHSRLQWVFULWLTXHVj'LpJRQpIODNP
'pYHORSSHUODGLVWULEXWLRQOHVHQWUHS{WVHWOHVPDJDVLQVGDQVODFRPPXQHGHGLHJRQHIOD
5pKDELOLWDWLRQGXPDUFKpGH'LpJRQpIOD
&RQVWUXFWLRQGHPDJDVLQVDXPDUFKpGH'LpJRQpIOD
'pYHORSSHUOHVpTXLSHPHQWVFROOHFWLIVGDQVODFRPPXQHGHGLHJRQHIOD
&RQVWUXFWLRQG
XQKDOOYLOODJHRLVj'LpJRQpIOD
'pYHORSSHUO
pFODLUDJHSXEOLFGDQVODFRPPXQHGHGLHJRQHIOD
(OHFWULILFDWLRQGHVTXDUWLHUV([WHQVLRQHWTXDUWLHU%DRXOp
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODFRPPXQHGHGLHJRQHIOD
5pKDELOLWDWLRQGHFODVVHVjO
pFROHSULPDLUHSXEOLTXHGH*RXGL
&RQVWUXFWLRQGHGHX[FDQWLQHVGDQVOHVpFROHVSULPDLUHVSXEOLTXHV
'pYHORSSHUO
HQVHLJQHPHQWSUppOpPHQWDLUHGDQVODFRPPXQHGHGLHJRQHIOD
&RQVWUXFWLRQG
XQHFODVVHPDWHUQHOOHDYHFDLUHGHMHXFO{WXUHHWWRLOHWWHVjO
pFROHSULPDLUHSXEOLTXH([WHQVLRQGH'LpJRQpIOD
&RPPXQHGH*ERJXKp
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHJERJXKp
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH*ERJXKH
,QYHVWLVVHPHQWV
'pYHORSSHUOHVDXWUHVVHUYLFHVJpQpUDX[GDQVODFRPPXQHGHJERJXKp
(ODERUDWLRQGXSODQVWUDWpJLTXHGHGpYHORSSHPHQWGHODFRPPXQHGH*ERJXKp
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
'pYHORSSHUO
DOLPHQWDWLRQHQHDXGDQVODFRPPXQHGHJERJXKp
7UDYDX[G
H[WHQVLRQGXUpVHDXG
DGGXFWLRQG
HDXSRWDEOHUHOLDQWOHVYLOODJHVGH*RNUDHW/LJXpJXKp
$FTXpULUGHVDSSDUHLOVHWGXPDWpULHOWKpUDSHXWLTXHGDQVODFRPPXQHGHJERJXKp
(TXLSHPHQWGXFHQWUHGHVDQWpLQWpJUpGH=LJXHGLDHQPDWpULHOVELRPpGLFDX[
(TXLSHPHQWGHFHQWUHGHVDQWpXUEDLQGH*ERJXKpHQPDWpULHOVELRPpGLFDX[
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODFRPPXQHGHJERJXKp
7UDYDX[GHUpKDELOLWDWLRQGHODWRLWXUHG
XQEkWLPHQWGHWURLVVDOOHVGHFODVVHjO
pFROHSULPDLUHSXEOLTXHGHEDOHD
&RQVWUXFWLRQGHTXDWUHEkWLPHQWVGHVDOOHVGHFODVVHVFKDFXQGDQVOHVHFROHVSULPDLUHVSXEOLTXHVGH*RNUD*XpGpNLSUpD.ULNRUpD
.LURDNUR
5pKDELOLWDWLRQG
XQEkWLPHQWGHWURLVVDOOHVGHFODVVHVjO
pFROHSULPDLUHSXEOLTXHGH*ERJXKp
FRQVWUXFWLRQG
XQEkWLPHQWSRXUOHVVHUYLFHVGHO
LQVSHFWLRQGHO
HQVHLJQHPHQWSUpVFRODLUHHWSULPDLUHSXEOLTXHGH*ERJXKp
&RPPXQHGH6DQJRXLQp
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHVDQJRXLQH
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH6DQJRXLQH
,QYHVWLVVHPHQWV
'pYHORSSHUOHVWUDQVSRUWVURXWLHUVGDQVODFRPPXQHGHVDQJRXLQH
$GUHVVVDJHGHVUXHVHWYLOODJHVGHOD&RPPXQHGH6DQJRXLQp
2XYHUWXUHGHVUXHVDXTXDUWLHU=RXJRXQHX
'pYHORSSHUODGLVWULEXWLRQOHVHQWUHS{WVHWOHVPDJDVLQVGDQVODFRPPXQHGHVDQJRXLQH
&RQVWUXFWLRQGXPDUFKpGHYLYULHUVGH*RXDJRQRSOHX
'pYHORSSHUO
DOLPHQWDWLRQHQHDXGDQVODFRPPXQHGHVDQJRXLQH
&RQVWUXFWLRQG
XQHSRPSHK\GUDXOLTXHjPRWULFLWpKXPDLQHj*REDH[WHQVLRQ
&RQVWUXFWLRQG
XQHSRPSHK\GUDXOLTXHjPRWULFLWpKXPDLQHj=RQOp
&RQVWUXFWLRQG
XQHSRPSHK\GUDXOLTXHjPRWULFLWpKXPDLQHj*RWRQJRXLQp
'pYHORSSHUGHVVHUYLFHVFXOWXUHOVGDQVODFRPPXQHGHVDQJRXLQH
&RQVWUXFWLRQG
XQFHQWUHFXOWXUHOGH*RWRJRXLQp
(TXLSHPHQWGXFHQWUHFXOWXUHOGH2XODLJOqSOHX
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODFRPPXQHGHVDQJRXLQH
&RQWUXFWLRQG
XQEkWLPHQWGHWURLVFODVVHVEXUHDXODWULQHGHGHX[FDELQHVjO
(33*OROp
&RQWUXFWLRQG
XQEkWLPHQWGHWURLVFODVVHVEXUHDXODWULQHGHGHX[FDELQHVjO
(33'LRNDJRXLQp
$FTXLVLWLRQGHGHX[FHQWWDEOHVEDQFVSRXUOHV(336DJXLSOHX(332XODLJOHSOHX(33'LRNDJRXLQH(33=RED
'pYHORSSHUGHVGLVSHQVDLUHVHWGHVPDWHUQLWpVGDQVODFRPPXQHGHVDQJRXLQH
$FTXLVLWLRQGHPDWpULHOVSRXUOHVGLVSHQVDLUHVGH6DJXLSOHXHW*RWQJRXLQp
&RPPXQHGH%pRXPL
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHEHRXPL
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH%HRXPL
,QYHVWLVVHPHQWV
'pYHORSSHUOHVWUDQVSRUWVURXWLHUVGDQVODFRPPXQHGHEHRXPL
5pKDELOLWDWLRQGHNPGHYRLULHGDQVODYLOOHGH%pRXPL
'pYHORSSHUO
pFODLUDJHSXEOLFGDQVODFRPPXQHGHEHRXPL
([WHQVLRQGXUpVHDXpOHFWULTXHGDQVODFRPPXQHGH%pRXPL/DWRER5pVLGHQWLHO%RLVGHWHN&LGW%pRXPLYLOODJH7RXQ]XHER1
'HERNRQVRX
1
=XHGD6RXDIIRXHNDQ6RXDIIRXHGDQ$VVqQJRXHWOHVQRXYHDX[ORWLVVHPHQWVGHODYLOOH
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODFRPPXQHGHEHRXPL
&RQVWUXFWLRQG
XQEkWLPHQWGHVL[VDOOHVGHFODVVHSOXVXQEXUHDXDXTXDUWLHU%RLVGH7HNGHODYLOOHGH%pRXPL
'pYHORSSHUODJHVWLRQGHVGpFKHWVGDQVODFRPPXQHGHEHRXPL
$FTXLVLWLRQG
XQH6HPLUHPRUTXH$PSLUROWRQQHVG
XQEUDVSDOILQJHUWURLVFRIIUHVjRUGXUHV0XQ&KDUJHXUIURQWDOSRXUOD
FROOHFWHG
RUGXUHVPpQDJqUHVGDQVODYLOOHGH%pRXPL
'pYHORSSHUGHVVHUYLFHVFXOWXUHOVGDQVODFRPPXQHGHEHRXPL
&RQVWUXFWLRQG
XQHELEOLRWKqTXHPXQLFLSDOHGDQVODYLOOHGH%pRXPL
&RPPXQHGH*XLJOR
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHJXLJOR
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH*XLJOR
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
,QYHVWLVVHPHQWV
'pYHORSSHUOHVVHUYLFHVGHSROLFHGDQVODFRPPXQHGHJXLJOR
&RQVWUXFWLRQG
XQSRVWHGHSROLFHDXTXDUWLHU1,&/$
'pYHORSSHUO
K{WHOOHULHHWODUHVWDXUDWLRQGDQVODFRPPXQHGHJXLJOR
&RQVWUXFWLRQG
XQEDVVLQDYHFMHWVG
HDXjO
HVSDFHJDVWURQLPLTXHGH*8,*/2
'pYHORSSHUODGLVWULEXWLRQOHVHQWUHS{WVHWOHVPDJDVLQVGDQVODFRPPXQHGHJXLJOR
&RQVWUXFWLRQG
XQPDUFKpPRGHUQHjJR\D
&RQVWUXFWLRQG
XQPDUFKpPRGHUQHj]RXDQ
&RQVWUXFWLRQG
XQPDUFKpPRGHUQHj'$+283/(8
'pYHORSSHUGHVVHUYLFHVFXOWXUHOVGDQVODFRPPXQHGHJXLJOR
&RQVWUXFWLRQG
XQIR\HUGHMHXQHVj*2<$
&RQVWUXFWLRQG
XQIR\HUGHMHXQHVj=28$1
'pYHORSSHUGHVGLVSHQVDLUHVHWGHVPDWHUQLWpVGDQVODFRPPXQHGHJXLJOR
&RQVWUXFWLRQGHODFO{WXUHGHODPDWHUQLWpGH1LFOD
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODFRPPXQHGHJXLJOR
&RQVWUXFWLRQG
(336pD<RUR
&RQVWUXFWLRQG
(33+283+28(7%2,*1<
&RQVWUXFWLRQG
XQEkWLPHQWGHWURLVFODVVHVj/
(33=28$1
'pYHORSSHUO
HQVHLJQHPHQWSUppOpPHQWDLUHGDQVODFRPPXQHGHJXLJOR
&RQVWUXFWLRQG
XQEkWLPHQWGHWURLVFODVVHVEXUHDXSRXUODPDWHUQHOOHGHO
(33<DRXGp
&RQVWUXFWLRQG
XQEkWLPHQWGHWURLVFODVVHVEXUHDXSRXUODPDWHUQHOOHGHO
(33(;&(//(1&(
'pYHORSSHUODSUpVHUYDWLRQGHODGLYHUVLWpELRORJLTXHHWODSURWHFWLRQGHODQDWXUHGDQVODFRPPXQHGHJXLJOR
$PpQDJHPHQWGHGHX[HVSDFHVSDUSDYDJHHWSODQWLQJGHIOHXUVHQIDFHGX&RPPLVVDULDWGHSROLFHHWGHOD&223(&GH*8,*/2
&RPPXQHGH6pJXpOD
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHVHJXHOD
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH6HJXHOD
,QYHVWLVVHPHQWV
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
'pYHORSSHUOHVpTXLSHPHQWVFROOHFWLIVGDQVODFRPPXQHGHVHJXHOD
&RQVWUXFWLRQGHODFO{WXUHGXFLPHWLqUHPXQLFLSDOGH6pJXpOD
'pYHORSSHUOHVWUDQVSRUWVURXWLHUVGDQVODFRPPXQHGHVHJXHOD
2XYHUWXUHGHVUXHVGHVQRXYHDX[TXDUWLHUVORWLVGH6pJXpOD0DQNRQR)L]DPLJRUR%$'NPP
'pYHORSSHUODGLVWULEXWLRQOHVHQWUHS{WVHWOHVPDJDVLQVGDQVODFRPPXQHGHVHJXHOD
&RQVWUXFWLRQG
XQPDUFKpGHSODFHVFRXYHUWHVDXTXDUWLHU'LRPDQGpH[WHQVLRQGH6pJXpOD
'pYHORSSHUGHVVHUYLFHVUpFUpDWLIVHWVSRUWLIVGDQVODFRPPXQHGHVHJXHOD
&RQVWUXFWLRQG
XQHSLVFLQHPXQLFLSDOHDXTXDUWLHUUpVLGHQWLHOGH6pJXpOD
'pYHORSSHUGHVVHUYLFHVFXOWXUHOVGDQVODFRPPXQHGHVHJXHOD
5pKDELOLWDWLRQGXFHQWUHFXOWXUHOGH6pJXpOD
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODFRPPXQHGHVHJXHOD
(33$1
(333ODWHDX[
&RQVWUXFWLRQG
XQEkWLPHQWGHWURLVVDOOHVGHFODVVHVSOXVEXUHDX[jO
(33%$'GH6pJXpOD
&RPPXQHGH<DNDVVp$WWREURX
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH\DNDVVHDWWREURX
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH\DNDVVHDWWREURX
,QYHVWLVVHPHQWV
'pYHORSSHUOHVWUDQVSRUWVURXWLHUVGDQVODFRPPXQHGH\DNDVVHDWWREURX
5HSURILODJHGHNLORPqWUHVGHYRLHVGDQVODFRPPXQHGH<DNDVVp$WWREURX
'pYHORSSHUODGLVWULEXWLRQOHVHQWUHS{WVHWOHVPDJDVLQVGDQVODFRPPXQHGH\DNDVVHDWWREURX
&RQVWUXFWLRQGHYLQJWQHXIPDJDVLQVTXDWUH/DWULQHVDXPDUFKpGH<DNNDVVp$WWREURX
'pYHORSSHUO
DOLPHQWDWLRQHQHDXGDQVODFRPPXQHGH\DNDVVHDWWREURX
$GGXFWLRQG
HDXSRWDEOHDXTXDUWLHU621$'-,
'pYHORSSHUGHVVHUYLFHVFXOWXUHOVGDQVODFRPPXQHGH\DNDVVHDWWREURX
&RQVWUXFWLRQG
XQFHQWUHFXOWXUHOj'LDQJRER
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODFRPPXQHGH\DNDVVHDWWREURX
&RQVWUXFWLRQGHGHX[EkWLPHQWVGHWURLVFODVVHVFKDFXQEXUHDXODWULQHVjO
(33&RFRG\GH)LDVVH
&RQVWUXFWLRQG
XQEkWLPHQWGHWURLVVDOOHVGHFODVVHVHWTXDWUHODWULQHVjO
(33GX4XDUWLHU621$'-,GH<DNDVVp$WWREURX
&RQVWUXFWLRQGHGHX[EkWLPHQWVGHWURLVVDOOHVGHFODVVHVXQEXUHDXGHKXLWODWULQHVDX4XDUWLHU('=$GH<DNDVVp$WWREURX
5pKDELOLWDWLRQGHO
(33$EUDGLQHHW
&RPPXQHGH'DORD
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHGDORD
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH'DORD
,QYHVWLVVHPHQWV
'pYHORSSHUO
pFODLUDJHSXEOLFGDQVODFRPPXQHGHGDORD
(OHFWULILFDWLRQGXTXDUWLHU2',(11(.285$1,GH'DORD
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODFRPPXQHGHGDORD
7UDYDX[GHFRQVWUXFWLRQGHEORFVODWULQHVjIRVVHVVqFKHVGDQVOHV(33FDPSPLOLWDLUH/RELDH[WVXG%+XEHUVRQ.pQpG\H[W
7D]LERXRXQLYHUVLWp2UO\/RELD0DULH0H\HU0XQLFLSDOLWpEORFVGHODWULQHV
&RQVWUXFWLRQG
XQHpFROHSULPDLUHGHVL[FODVVHVG
XQEXUHDXHWG
XQEORFGHKXLWODWULQHVjIRVVHVVqFKHVDXTXDUWLHU
=DNRXDURXWH:DQGDJXKHGH'DORD
'pYHORSSHUGHVGLVSHQVDLUHVHWGHVPDWHUQLWpVGDQVODFRPPXQHGHGDORD
&RQVWUXFWLRQG
XQFHQWUHGHVDQWpLQWpJUpDXTXDUWLHU6XLVVHGH'DORD
&RPPXQHGH0LQLJQDQ
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHPLQLJQDQ
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH0LQLJQDQ
,QYHVWLVVHPHQWV
'pYHORSSHUOHVDXWUHVVHUYLFHVJpQpUDX[GDQVODFRPPXQHGHPLQLJQDQ
(TXLSHPHQWGHVVHUYLFHVPXQLFLSDX[HQPDWpULHOVLQIRUPDWLTXHV
(TXLSHPHQWGHVVHUYLFHVPXQLFLSDX[HQPRELOLHUV
'pYHORSSHUOHVVHUYLFHVJpQpUDX[GHSODQLILFDWLRQHWGHVWDWLVWLTXHVGDQVODFRPPXQHGHPLQLJQDQ
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
(ODERUDWLRQGXSODQGHGpYHORSSHPHQWGHODFRPPXQHGH0LQLJQDQ
'pYHORSSHUODGLVWULEXWLRQOHVHQWUHS{WVHWOHVPDJDVLQVGDQVODFRPPXQHGHPLQLJQDQ
&RQVWUXFWLRQGHPDJDVLQVDXPDUFKpGH0LQLJQDQ
5pKDELOLWDWLRQGXJUDQGDXYHQWGXPDUFKpGH0LQLJQDQ
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODFRPPXQHGHPLQLJQDQ
5pKDELOLWDWLRQGHV(33GH0LQLJQDQ(330XQLFLSDOLWp(33'LDQGpJXpOD(33HW
'pYHORSSHUO
DJULFXOWXUHGDQVODFRPPXQHGHPLQLJQDQ
5pKDELOLWDWLRQGXSDUFjEHWDLO
'pYHORSSHUGHVGLVSHQVDLUHVHWGHVPDWHUQLWpVGDQVODFRPPXQHGHPLQLJQDQ
&RQVWUXFWLRQGHODFO{WXUHGXGLVSHQVDLUHGH'LDQGpJXpOD
&RPPXQHGH+LUp
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHKLUH
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH+LUH
,QYHVWLVVHPHQWV
'pYHORSSHUOHVpTXLSHPHQWVFROOHFWLIVGDQVODFRPPXQHGHKLUH
&UpDWLRQG
XQMDUGLQPXQLFLSDO
'pYHORSSHUOHVDXWUHVVHUYLFHVJpQpUDX[GDQVODFRPPXQHGHKLUH
K{WHOGHYLOOHGH+,5(
'pYHORSSHUOHVWUDQVSRUWVURXWLHUVGDQVODFRPPXQHGHKLUH
2XYHUWXUHGHVYRLHVGHODFRPPXQHGH+LUpNP
'pYHORSSHUODJHVWLRQGHVGpFKHWVGDQVODFRPPXQHGHKLUH
$FTXLVLWLRQG
XQWHUUDLQDEULWDQWODGpFKDUJHPXQLFLSDOH
'pYHORSSHUGHVVHUYLFHVFXOWXUHOVGDQVODFRPPXQHGHKLUH
5pKDELOLWDWLRQGXIR\HUGHVMHXQHVGH+LUp
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODFRPPXQHGHKLUH
&RQVWUXFWLRQGHWURLVVDOOHVGHFODVVHDYHFEXUHDXjO
(33.DVVHNUR
'pYHORSSHUGHVGLVSHQVDLUHVHWGHVPDWHUQLWpVGDQVODFRPPXQHGHKLUH
&RQVWUXFWLRQG
XQGLVSHQVDLUHXUEDLQDYHFORJHPHQWGHO
LQILUPLHUDXTXDUWLHUEDRXOp
$FTXpULUGHVDSSDUHLOVHWGXPDWpULHOWKpUDSHXWLTXHGDQVODFRPPXQHGHKLUH
(TXLSHPHQWHQPDWpULHOELRPpGLFDOGHVFHQWUHVGHVDQWpGHODFRPPXQHGH+LUp
&RPPXQHGH0RURQGR
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHPRURQGR
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH0RURQGR
,QYHVWLVVHPHQWV
'pYHORSSHUODGLVWULEXWLRQOHVHQWUHS{WVHWOHVPDJDVLQVGDQVODFRPPXQHGHPRURQGR
&RQVWUXFWLRQGHGL[PDJDVLQVjODJDUHURXWLqUHGH0RURQGR
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODFRPPXQHGHPRURQGR
5pKDELOLWDWLRQG¢XQEkWLPHQWGHWURLVFODVVHVjO¢(336RPD
$FTXLVLWLRQGHGHX[FHQWWDEOHVEDQFVSRXUTXDWUHpFROHVSULPDLUHVGHODFRPPXQHGH0RURQGRJURXSHVFRODLUH6RPDJURXSHVFRODLUH
0RURQGR(33%DGD(33)LQJROR
$FTXpULUGHVDSSDUHLOVHWGXPDWpULHOWKpUDSHXWLTXHGDQVODFRPPXQHGHPRURQGR
$FTXLVLWLRQGHPDWpULHOVELRPpGLFDX[SRXUOHFHQWUHGHVDQWpXUEDLQGH0RURQGR7HQVLRPqWUH6SHQJOHUOLWG
DFFRXFKHPHQWSODWHDXGHVRLQ
ERvWHG
LQILUPLHUOLWG
H[DPHQJpQpUDOWDEOHGHSDQVHPHQWWKHUPRPqWUHjPHUFXUHODPSHKDORJqQHG
H[DPHQGHVEDQGHVGHVVSDUDGUDSV
'pYHORSSHUGHVVHUYLFHVFXOWXUHOVGDQVODFRPPXQHGHPRURQGR
$FKqYHPHQWG
XQIR\HUSRO\YDOHQWGDQVODYLOOHGH0RURQGR
&RQVWUXFWLRQGHODFO{WXUHGHODVDOOHPXOWLPpGLDGH0RURQGR
'pYHORSSHUODJHVWLRQGHVGpFKHWVGDQVODFRPPXQHGHPRURQGR
,QVWDOODWLRQGHGL[EDFVjRUGXUHVPpQDJqUHVGDQVODYLOOHGH0RURQGR
$FKDWGHWULF\FOHPRWRULVpSRXUODSUpFROOHFWHGHVRUGXUHVPpQDJqUHV
&RPPXQHGH.RUKRJR
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH.RUKRJR
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH.RUKRJR
,QYHVWLVVHPHQWV
'pYHORSSHUOHVWUDQVSRUWVURXWLHUVGDQVODFRPPXQHGH.RUKRJR
5pKDELOLWDWLRQGHOD9RLULH&RPPXQDOHPO
'pYHORSSHUODJHVWLRQGHVHDX[XVpHVGDQVODFRPPXQHGH.RUKRJR
&RQVWUXFWLRQG
RXYUDJHVGHGUDLQDJHj'HODIRVVH
&RQVWUXFWLRQG
RXYUDJHVGHGUDLQDJHj%HOOH9LOOH
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODFRPPXQHGH.RUKRJR
&RQVWUXFWLRQG
XQEkWLPHQWGHWURLVVDOOHVGHFODVVHDYHFEXUHDXHWODWULQHVjO
(33TXDUWLHU&,'7
'pYHORSSHUGHVGLVSHQVDLUHVHWGHVPDWHUQLWpVGDQVODFRPPXQHGH.RUKRJR
&RQVWUXFWLRQG
XQFHQWUHGHVDQWpLQWpJUpDXTXDUWLHU0RQW.RUKRJR
&RQVWUXFWLRQGHODFO{WXUHGXFHQWUHGHVDQWpGH./2.$.$+$
&RPPXQHGH1
GRXFL
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHQ
GRXFL
'RXFL
,QYHVWLVVHPHQWV
'pYHORSSHUOHVpTXLSHPHQWVFROOHFWLIVGDQVODFRPPXQHGHQ
GRXFL
&RQVWUXFWLRQG
XQFLPHWLqUHPXQLFLSDOj1
'RXFL
&RQVWUXFWLRQG
XQDEDWWRLUj1
GRXFL
'pYHORSSHUO
pFODLUDJHSXEOLFGDQVODFRPPXQHGHQ
GRXFL
5pKDELOLWDWLRQGXUpVHDXG
pFODLUDJHSXEOLFGHODYLOOHGH1
GRXFLHWGH%RGRNP
'pYHORSSHUODJHVWLRQGHVHDX[XVpHVGDQVODFRPPXQHGHQ
GRXFL
)RXUQLWXUHHWSRVHGHEXVHVHWFDQLYHDX[VXUNPGDQVODYLOOHGH1
GRXFL
'pYHORSSHUODJHVWLRQGHVGpFKHWVGDQVODFRPPXQHGHQ
GRXFL
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
$PpQDJHPHQWGHTXLQ]HEDFVjRUGXUHVPpQDJqUHVGDQVODYLOOHGH1¢GRXFL
'pYHORSSHUOHVVHUYLFHVGHSROLFHGDQVODFRPPXQHGHQ
GRXFL
&RQVWUXFWLRQGHWURLVEXUHDX[DX&RPPLVVDULDWGHSROLFHGH1¢GRXFL
'pYHORSSHUODGLVWULEXWLRQOHVHQWUHS{WVHWOHVPDJDVLQVGDQVODFRPPXQHGHQ
GRXFL
&RQVWUXFWLRQG
XQKDQJDUDXPDUFKpGHSUR[LPLWHDXTXDUWLHUSODWHDX
'pYHORSSHUOHVWUDQVSRUWVURXWLHUVGDQVODFRPPXQHGHQ
GRXFL
2XYHUWXUHGHVUXHVGHVTXDUWLHUVGH1
'RXFL
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODFRPPXQHGHQ
GRXFL
&RQVWUXFWLRQG¢XQEXUHDXGH'LUHFWHXUjO¢(331LDQGD.DQJDQLDQ]p
'pYHORSSHUGHVVHUYLFHVFXOWXUHOVGDQVODFRPPXQHGHQ
GRXFL
5pKDELOLWDWLRQGX&HQWUH&XOWXUHOGH1¢GRXFL
&RPPXQHGH)RXPEROR
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHIRXPEROR
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH)RXPEROR
,QYHVWLVVHPHQWV
'pYHORSSHUOHVWUDQVSRUWVURXWLHUVGDQVODFRPPXQHGHIRXPEROR
2XYHUWXUHVGHUXHVNPGDQVOHVYLOODJHVGHODFRPPXQHGH)RXPERORNDQLpNP/LWLDULNP1LDQJRXURXJERQRQNP.DOpJXpUDNP
HW%DODNP
&RQIHFWLRQHWSRVHGHSDQQHDX[G
LQGLFDWLRQGHVYLOODJHVGHODFRPPXQHGH)RXPEROR
'pYHORSSHUO
DOLPHQWDWLRQHQHDXGDQVODFRPPXQHGHIRXPEROR
5pDOLVDWLRQG
XQIRUDJHj.DVVHPEOp
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODFRPPXQHGHIRXPEROR
(TXLSHPHQWHQPRELOLHUVGHV(33)RXPERORHW.DOpJXpUDWDEOHEDQFVEXUHDX[FKDLVHVHWDUPRLUHV
5pKDELOLWDWLRQGHO
pFROHSULPDLUHSXEOLTXHGH)RXPEROR
'pYHORSSHUODSUpVHUYDWLRQGHODGLYHUVLWpELRORJLTXHHWODSURWHFWLRQGHODQDWXUHGDQVODFRPPXQHGHIRXPEROR
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
$PpQDJHPHQWG
HVSDFHYHUWVGDQVODYLOOHGH)RXPERORSODQWLQJG
DUEUHVVXUOHVHPSULVHVGHO
DUWqUHSULQFLSDOHVXUNPDPpQDJHPHQWG
XQ
MDUGLQSXEOLFDPpQDJHPHQWG
XQHVSDFHHQIDFHGHOD0DLULH
'pYHORSSHUODJHVWLRQGHVGpFKHWVGDQVODFRPPXQHGHIRXPEROR
&RQVWUXFWLRQGHEDFVjRUGXUHVGDQVODYLOOHGH)RXPEROR
&RPPXQHGH%URER
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHEURER
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH%URER
,QYHVWLVVHPHQWV
'pYHORSSHUODGLVWULEXWLRQOHVHQWUHS{WVHWOHVPDJDVLQVGDQVODFRPPXQHGHEURER
&RQVWUXFWLRQGHYLQJWPDJDVLQVjODJDUHURXWLqUHGHEURER
'pYHORSSHUOHVWUDQVSRUWVURXWLHUVGDQVODFRPPXQHGHEURER
5HSURILODJHORXUGGHGL[.PGHYRLULHVDYHFWUDLWHPHQWGHVSRLQWVFULWLTXHVGDQVOD9LOOHGH%URERNLORPqWUHVDXTXDUWLHU5RFKHU
NLORPqWUHVDXTXDUWLHU.RXQGDQRXHWNLORPqWUHVDXTXDUWLHU5pVLGHQWLHO
&RQVWUXFWLRQG
XQGDOORWDXTXDUWLHU5RFKHUVXUODYRLHG
DFFqVDX/\FpH0XQLFLSDOGH%URERORQJXHXU PqWUHVODUJHXU PqWUHVKDXWHXU
PqWUHV
'pYHORSSHUO
pFODLUDJHSXEOLFGDQVODFRPPXQHGHEURER
([WHQVLRQGXUpVHDXpOHFWULTXHNPDXTXDUWLHU5RFKHUGDQVOD9LOOHGH%URERWUDQVIRUPDWHXUVSRWHDX[+7$SRWHDX[
OXPLQHX[
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODFRPPXQHGHEURER
&RQVWUXFWLRQG
(FROH3ULPDLUH3XEOLTXH3ULNURGDQVOD&RPPXQHGH%URER
&RQVWUXFWLRQG
(FROH3ULPDLUH3XEOLTXH5RFKHUGDQVOD9LOOHGH%URER
&RQVWUXFWLRQG
(FROH3ULPDLUH3XEOLTXH3LQGLNURGDQVOD&RPPXQHGH%URER
&RQVWUXFWLRQG
(FROH3ULPDLUH3XEOLTXH.RXQGDQRXGDQVOD9LOOHGH%URER
&RQVWUXFWLRQG
(FROH3ULPDLUH3XEOLTXH%RQJUDERGDQVOD&RPPXQHGH%URER
&RQVWUXFWLRQG
XQEDWLPHQWGHWURLVFODVVHVXQEXUHDXjO
(FROH3ULPDLUH3XEOLTXH6DNDVVRXGDQVOD&RPPXQHGH%URER
&RPPXQHG
2GLHQQp
7UDQVIHUWV
2GLHQQp
2GLpQQp
,QYHVWLVVHPHQWV
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
2GLHQQp
$FTXLVLWLRQGHPDWpULHOVLQIRUPDWLTXHVSRXUO
$GPLQLVWUDWLRQPXQLFLSDOH
&RQVWUXFWLRQGHO
+{WHOGHYLOOHG
2GLHQQp
$FTXpULUGHVDSSDUHLOVHWGXPDWpULHOWKpUDSHXWLTXHGDQVODFRPPXQHG
2GLHQQp
(TXLSHPHQWHQPDWpULHOVELRPpGLFDX[GX&HQWUHGH6DQWpGXTXDUWLHU+HUHPDNRQR
2GLHQQp
(TXLSHPHQWHQPRELOLHUVGHEXUHDXGX&HQWUHGH6DQWpGXTXDUWLHU+HUHPDNRQR
'pYHORSSHUO
2GLHQQp
&RQVWUXFWLRQGHWURLVVDOOHVGHFODVVHSULPDLUHXQEXUHDXHWXQEORFGHODWULQHj<DQNDILVVD
&RPPXQHGH.RUR
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHNRUR
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH.RUR
,QYHVWLVVHPHQWV
'pYHORSSHUODGLVWULEXWLRQOHVHQWUHS{WVHWOHVPDJDVLQVGDQVODFRPPXQHGHNRUR
&RQVWUXFWLRQGHVPDJDVLQVDXPDUFKpGH.RUR
'pYHORSSHUO
pFODLUDJHSXEOLFGDQVODFRPPXQHGHNRUR
7UDYDX[G
pOHFWULILFDWLRQGXYLOODJHGH*RXDNH
7UDYDX[G
pOHFWULILFDWLRQGXYLOODJHGH7RXUHVVR
7UDYDX[G
H[WHQVLRQG
pOHFWULFLWpGDQVOHVQRXYHDX[TXDUWLHUVGHODFRPPXQHGH.RUR
'pYHORSSHUGHVVHUYLFHVUpFUpDWLIVHWVSRUWLIVGDQVODFRPPXQHGHNRUR
&RQVWUXFWLRQG
XQHWULEXQHDX6WDGH0XQLFLSDOGH.RUR
'pYHORSSHUO
HQVHLJQHPHQWSUppOpPHQWDLUHGDQVODFRPPXQHGHNRUR
&RQVWUXFWLRQG
XQSUpDXjO
pFROHPDWHUQHOOHGH.RUR
'pYHORSSHUOHVDXWUHVVHUYLFHVJpQpUDX[GDQVODFRPPXQHGHNRUR
$FTXLVLWLRQGHFLQTPRWRVWURLV7ULF\FOHVSRXUOHV6HUYLFHV7HFKQLTXHVGHOD0DLULHGH.RUR
5pKDELOLWDWLRQGHO
K{WHOGHYLOOHGH.RUR
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
&RPPXQHGH.RXQ)DR
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHNRXQIDR
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHNRXQIDR
,QYHVWLVVHPHQWV
'pYHORSSHUOHVWUDQVSRUWVURXWLHUVGDQVODFRPPXQHGHNRXQIDR
2XYHUWXUHGHUXHVj.RXQ)DR&KkWHDXH[WHQVLRQNP/\FpHNP0XFUHVH[WHQVLRQNP$JQLNURNP5pVLGHQWLHOH[WHQVLRQNP
$GUHVVDJHGHUXHVj.RXQ)DR
3ODQWLQJG
DUEUHVDX[DERUGVGHVUXHVGHVYRLHVHWHQJD]RQQHPHQWGHODFRXUGHOD0DLULH
&RQVWUXFWLRQGHGHX[ODWULQHVSXEOLTXHVjOD*DUH
'pYHORSSHUODGLVWULEXWLRQOHVHQWUHS{WVHWOHVPDJDVLQVGDQVODFRPPXQHGHNRXQIDR
&RQVWUXFWLRQG
XQDEDWWRLUj.RXQ)DR
'pYHORSSHUO
DOLPHQWDWLRQHQHDXGDQVODFRPPXQHGHNRXQIDR
,QVWDOODWLRQG
XQUpVHDXK\GUDXOLTXHYLOODJpRLVHDPpOLRUpHj'RGRDVXp
'pYHORSSHUO
pFODLUDJHSXEOLFGDQVODFRPPXQHGHNRXQIDR
([WHQVLRQGXUpVHDXpOHFWULTXHjNRXQIDR
'pYHORSSHUGHVGLVSHQVDLUHVHWGHVPDWHUQLWpVGDQVODFRPPXQHGHNRXQIDR
&RQVWUXFWLRQG
XQGLVSHQVDLUHj'RGRDVXpWUDYDX[FRPSOpPHQWDLUHV
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODFRPPXQHGHNRXQIDR
&RQVWUXFWLRQGHGHX[ODWULQHVDX*URXSH6FRODLUH%$'
'pYHORSSHUOHVDXWUHVVHUYLFHVJpQpUDX[GDQVODFRPPXQHGHNRXQIDR
&RQVWUXFWLRQGHGHX[ODWULQHVSXEOLTXHVjOD*DUH
&RPPXQHGH*UDQG=DWU\
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHJUDQG]DWWU\
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH*UDQG=DWWU\
,QYHVWLVVHPHQWV
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
'pYHORSSHUOHVVHUYLFHVJpQpUDX[GHSODQLILFDWLRQHWGHVWDWLVWLTXHVGDQVODFRPPXQHGHJUDQG]DWWU\
$FWXDOLVDWLRQGXSODQGHODYLOOHGH*UDQG=DWWU\
'pYHORSSHUOHVWUDQVSRUWVURXWLHUVGDQVODFRPPXQHGHJUDQG]DWWU\
5HSURILODJHORXUGGHNPGHYRLHDYHFWUDLWHPHQWGHVSRLQWVFULWLTXHVGDQVODYLOOHGH*UDQG=DWWU\
&RQVWUXFWLRQG
XQGDORWGHNPGHORQJDYHFUHPEODLVG
DFFqVDXPDUFKpGH*UDQG=DWWU\
([WHQVLRQGHODJDUHURXWLqUHDYHFFRQVWUXFWLRQG
XQGDORWG
DFFqVGHPqWUHVGHORQJ
2XYHUWXUHGHNPGHYRLHDXTXDUWLHU3D\VEDVHW$\RNDGH*UDQG=DWWU\
'pYHORSSHUODGLVWULEXWLRQOHVHQWUHS{WVHWOHVPDJDVLQVGDQVODFRPPXQHGHJUDQG]DWWU\
5pKDELOLWDWLRQGHO
KDQJDUSULQFLSDOGXJUDQGPDUFKpGH*UDQG=DWWU\
&RQVWUXFWLRQGHTXDWUHPXUVGHVRXWqQHPHQWHQEpWRQDYHFQLYHOOHPHQWSOXVUHPEODLVG
DFFqVDXJUDQGPDUFKpGH*UDQG=DWWU\
&RQVWUXFWLRQGXPDUFKpGHEDJROLpRXD
$FTXpULUGHVDSSDUHLOVHWGXPDWpULHOWKpUDSHXWLTXHGDQVODFRPPXQHGHJUDQG]DWWU\
$FTXLVLWLRQGHTXLQ]HOLWVHWTXLQ]HPDWHODVSRXUOH&68GH*UDQG=DWWU\
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODFRPPXQHGHJUDQG]DWWU\
&RQVWUXFWLRQG
XQEkWLPHQWGHWURLVFODVVHVSOXVWURLVODWULQHVjO
(33GH*UDQG=DWWU\
&RPPXQHGH7DQGD
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHWDQGD
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH7DQGD
,QYHVWLVVHPHQWV
'pYHORSSHUO
DJULFXOWXUHGDQVODFRPPXQHGHWDQGD
$PpQDJHPHQWG
XQSDUFj%pWDLO
'pYHORSSHUODGLVWULEXWLRQOHVHQWUHS{WVHWOHVPDJDVLQVGDQVODFRPPXQHGHWDQGD
&UpDWLRQG¢XQSHWLWPDUFKpDX[TXDUWLHUV.RXODQJRHWFRQVWUXFWLRQG¢XQKDQJDUGH[P
&RQVWUXFWLRQGHGL[PDJDVLQVDXSHWLWPDUFKp
'pYHORSSHUOHVWUDQVSRUWVURXWLHUVGDQVODFRPPXQHGHWDQGD
2XYHUWXUHGHVYRLHVNPDX[TXDUWLHUVFKkWHDX%LUD1JRQHHWO\FpH
$PpQDJHPHQWGHODJDUHURXWLqUH
'pYHORSSHUOHVpTXLSHPHQWVFROOHFWLIVGDQVODFRPPXQHGHWDQGD
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
$PpQDJHPHQWGXFLPHWLqUHPXQLFLSDO
'pYHORSSHUO
pFODLUDJHSXEOLFGDQVODFRPPXQHGHWDQGD
([WHQVLRQGXUpVHDXpOHFWULTXHNPDX[TXDUWLHUV&KkWHDX.RXODQJR5pVLGHQWLHOHWOHVYLOODJHV7HKXL7RXQGLDQLGHODFRPPXQH
'pYHORSSHUGHVGLVSHQVDLUHVHWGHVPDWHUQLWpVGDQVODFRPPXQHGHWDQGD
&RQVWUXFWLRQG
XQGLVSHQVDLUHj7RXQGLDQL
$FTXpULUGHVDSSDUHLOVHWGXPDWpULHOWKpUDSHXWLTXHGDQVODFRPPXQHGHWDQGD
(TXLSHPHQWHQPDWpULHO%LRPpGLFDOGXFHQWUHGHVDQWpGH7pNR
'pYHORSSHUGHVVHUYLFHVUpFUpDWLIVHWVSRUWLIVGDQVODFRPPXQHGHWDQGD
&RQVWUXFWLRQG¢XQFRPSOH[HVSRUWLIVXUOHVLWHGXIR\HUSRO\YDOHQW
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODFRPPXQHGHWDQGD
&RQVWUXFWLRQGHGRX]HVDOOHVGHFODVVHGRQWWURLVj6pSpWURLVj$KLEDQJRWURLVjO
(337DQGDHWWURLVjO
(337DQGD
&RQVWUXFWLRQGHVL[VDOOHVGHFODVVHGRQWWURLVj%RNRUpEXUHDXHWODWULQHVHWWURLVjO
(337DQGD
5pKDELOLWDWLRQGHYLQJWVHSWVDOOHVGHFODVVHGRQWWURLVj$KLEDQJRVL[j%pOpRXOpVL[j7DQJDPRXURXWURLVj7HNRWURLV
j7RXQGLDQLHWVL[j%RNRUp
5pKDELOLWDWLRQGHVL[VDOOHVGHFODVVHVGRQWjWURLVO¢(33&HQWUHHWWURLVjO¢(337HKXL
'pYHORSSHUOHVDXWUHVVHUYLFHVJpQpUDX[GDQVODFRPPXQHGHWDQGD
5pKDELOLWDWLRQGHODVDOOHGHVIrWHVGHODPDLULH
&RPPXQHG
$UUDK
7UDQVIHUWV
DUUDK
$UUDK
,QYHVWLVVHPHQWV
'pYHORSSHUOHVVHUYLFHVJpQpUDX[GHSODQLILFDWLRQHWGHVWDWLVWLTXHVGDQVODFRPPXQHG
DUUDK
$FWXDOLVDWLRQGX6FKpPD'LUHFWHXUG
8UEDQLVPHGHOD&RPPXQHG
$UUDK
'pYHORSSHUOHVVHUYLFHVGHSROLFHGDQVODFRPPXQHG
DUUDK
&RQVWUXFWLRQG
XQHEULJDGHGHJHQGDUPHULHj$UUDK
DUUDK
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
&RQVWUXFWLRQG
XQDEDWWRLUj$UUDK
'pYHORSSHUO
DOLPHQWDWLRQHQHDXGDQVODFRPPXQHG
DUUDK
([WHQVLRQHWDGGXFWLRQHQHDXSRWDEOHGHVTXDUWLHUV&(*&(*([WHQVLRQ$\DPLQ3DOPpUDLHHW5pVLGHQWLHO([WHQVLRQ
'pYHORSSHUO
DUUDK
&RQVWUXFWLRQG
XQHpFROHGHVL[FODVVHVSOXVEXUHDXGDQVODFRPPXQHG
$UUDK
$FKDWGHPLOOHWDEOHVEDQFVSRXUOHVTXDWRU]H(33GHODFRPPXQHG
$UUDK
&RPPXQHGH6DQ3HGUR
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHVDQSHGUR
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH6DQ3HGUR
,QYHVWLVVHPHQWV
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHFRPPXQHGHVDQSHGUR
&RQVWUXFWLRQGHTXDWUHpFROHVSULPDLUHVGDQVODFRPPXQHGH6DQ3HGURFODVVHVEXUHDX[EORFVGHWRLOHWWHVGHSRUWHV
5pKDELOLWDWLRQGHGHX[JURXSHVVFRODLUHVSULPDLUHVGDQVODFRPPXQHGH6DQ3HGURJURXSHVVFRODLUHV%DUGRWHW%HOOHYLOOH
&RPPXQHGH7LpPpOpNUR
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHWLHPHOHNUR
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH7LpPpOHNUR
,QYHVWLVVHPHQWV
'pYHORSSHUO
DOLPHQWDWLRQHQHDXGDQVODFRPPXQHGHWLHPHOHNUR
$GGXFWLRQG
HDXDXTXDUWLHU6RJHILKD&KkWHDX
'pYHORSSHUO
pFODLUDJHSXEOLFGDQVODFRPPXQHGHWLHPHOHNUR
([WHQVLRQGXUpVHDXpOHFWULTXHDX[TXDUWLHUV6RJHILKD([WHQVLRQHW.RXDNUR([WHQVLRQ
'pYHORSSHUOHVpTXLSHPHQWVFROOHFWLIVGDQVODFRPPXQHGHWLHPHOHNUR
&UpDWLRQG
XQFLPHWLqUHPXQLFLSDOj7LpPpOpNUR
'pYHORSSHUGHVGLVSHQVDLUHVHWGHVPDWHUQLWpVGDQVODFRPPXQHGHWLHPHOHNUR
&RQVWUXFWLRQG
XQEkWLPHQWSRXUOHVHUYLFHGHPpGHFLQHDX&68GH7LpPpOpNUR
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
'pYHORSSHUGHVVHUYLFHVFXOWXUHOVGDQVODFRPPXQHGHWLHPHOHNUR
&RQVWUXFWLRQG
XQSUpDXj0HQRXHVSDFHFXOWXUHO
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODFRPPXQHGHWLHPHOHNUR
&RQVWUXFWLRQGHWURLVFODVVHVHWXQEXUHDXjO
(33.RQJRNUR
&RPPXQHGH.DWLROD
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHNDWLROD
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH.DWLROD
,QYHVWLVVHPHQWV
'pYHORSSHUOHVWUDQVSRUWVURXWLHUVGDQVODFRPPXQHGHNDWLROD
5pRXYHUWXUHGHNPGHYRLHVGHVORWLVVHPHQWVGH.RQDQNDKD([WHQVLRQHWGX5pVLGHQWLHO([WHQVLRQ
'pYHORSSHUOHVpTXLSHPHQWVFROOHFWLIVGDQVODFRPPXQHGHNDWLROD
&RQVWUXFWLRQG
XQEkWLPHQWWHFKQLTXHDXQRXYHDXFLPHWLqUHPXQLFLSDOGH.DWLROD
'pYHORSSHUO
DOLPHQWDWLRQHQHDXGDQVODFRPPXQHGHNDWLROD
5pDOLVDWLRQGHVL[IRUDJHVpTXLSpVGHSRPSHjPRWULFLWpKXPDLQHGDQVOHVTXDUWLHUV*EHGHNDKD*EHGHNDKD.RQDQNDKD1LHPRQNDKD
3HGLDNDKDHW'LPEHNDKD
5pDOLVDWLRQGHWURLVIRUDJHVpTXLSpVGHSRPSHjPRWULFLWpKXPDLQHGDQVOHVTXDUWLHUV-HDQQH'
$UF*RURQVRHWjO
DEDWWRLUGH.DWLROD
'pYHORSSHUO
HQVHLJQHPHQWSUppOpPHQWDLUHGDQVODFRPPXQHGHNDWLROD
&RQVWUXFWLRQG
XQHVDOOHGHFODVVHSRXUODPDWHUQHOOHGHO
(331DQGLpSOpNDKD
&RQVWUXFWLRQG
XQHVDOOHGHFODVVHSRXUODPDWHUQHOOHGHO
(33*ERURJERGRXJRX
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODFRPPXQHGHNDWLROD
&RQVWUXFWLRQG
XQEkWLPHQWGHWURLVVDOOHVGHFODVVHHWXQEXUHDXj.DWLRQRQ
$FTXLVLWLRQGHWURLVFHQWVWDEOHVEDQFVSRXUOHVpFROHVSULPDLUHVSXEOLTXHVGHOD&RPPXQHGH.DWLROD
&RQVWUXFWLRQG
XQEkWLPHQWGHWURLVFODVVHVHWXQEXUHDXj1DQGLpSOpNDKD
'pYHORSSHUGHVGLVSHQVDLUHVHWGHVPDWHUQLWpVGDQVODFRPPXQHGHNDWLROD
5pKDELOLWDWLRQGXFHQWUHGHVDQWpGH1LNROR
&RPPXQHG
$IIHU\
7UDQVIHUWV
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
DIIHU\
$IIHU\
,QYHVWLVVHPHQWV
DIIHU\
&RQVWUXFWLRQG
XQHJDUHURXWLqUH
2XYHUWXUHGHQHXINLORPqWUHVGHYRLHVj$IIpU\
'pYHORSSHUODJHVWLRQGHVHDX[XVpHVGDQVODFRPPXQHG
DIIHU\
$PpQDJHPHQWG
XQHGpFKDUJHSXEOLTXHj$IIpU\
DIIHU\
&RQVWUXFWLRQGHODFO{WXUHGX&LPHWLqUH0XQLFLSDOG
$IIpU\
'pYHORSSHUOHORJHPHQWGDQVODFRPPXQHG
DIIHU\
&RQVWUXFWLRQGHGHX[ORJHPHQWVVRFLDX[j.RXDKRVVRLHW0
SRNRLFRPPXQHG¢$IIpU\
'pYHORSSHUO
DIIHU\
&RQVWUXFWLRQGHWURLVFODVVHVHWEXUHDXjO
(33NDKRVVRLFRPPXQHG
$IIHU\
(TXLSHPHQWHQVL[FHQWTXDWUHYLQJWWDEOHVEDQFVGHVL[(FROHV3ULPDLUHV3XEOLTXHV.RXDKRVVRL'LRXODNUR$IIpU\SODWHDXSODWHDX
$IIpU\G
$IIpU\
DIIHU\
&RQVWUXFWLRQG
XQGLVSHQVDLUHj'DJXLNRLFRPPXQHG¢$IIHU\
&RPPXQHGH6DQGHJXp
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHVDQGHJXH
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH6DQGHJXH
,QYHVWLVVHPHQWV
'pYHORSSHUOHVWUDQVSRUWVURXWLHUVGDQVODFRPPXQHGHVDQGHJXH
5pSURILODJHGHVUXHVGDQVODFRPPXQHGH6DQGHJXHNP
2XYHUWXUHGHVYRLHVGHVQRXYHDX[TXDUWLHUVj6DQGpJXpORWV.RXDNRXNDQNURORWVHW0DGDPORWV
'pYHORSSHUODGLVWULEXWLRQOHVHQWUHS{WVHWOHVPDJDVLQVGDQVODFRPPXQHGHVDQGHJXH
5pKDELOLWDWLRQGXPDUFKpGH6DQGpJXp
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
'pYHORSSHUO
pFODLUDJHSXEOLFGDQVODFRPPXQHGHVDQGHJXH
([WHQVLRQGXUpVHDXpOHFWULTXHj0DGDPNP
'pYHORSSHUO
DOLPHQWDWLRQHQHDXGDQVODFRPPXQHGHVDQGHJXH
5pDOLVDWLRQGHGHX[IRUDJHVpTXLSpVGHV\VWqPHPLQL+9$DYHFFKkWHDX[GHPqWUHVGHKDXWHWGHFDSDFLWpOLWUHVGDQVODYLOOHGH
6DQGpJXp
'pYHORSSHUGHVGLVSHQVDLUHVHWGHVPDWHUQLWpVGDQVODFRPPXQHGHVDQGHJXH
&RQVWUXFWLRQGHGHX[GLVSHQVDLUHVUXUDX[j0DGDPHW.RXDNRXNDQNUR
&RQVWUXFWLRQGHGHX[ORJHPHQWVVRFLDX[j.RXDNRXNDQNURHWj0DGDPSRXUOHSHUVRQQHOGHODVDQWp
'pYHORSSHUGHVVHUYLFHVFXOWXUHOVGDQVODFRPPXQHGHVDQGHJXH
5pKDELOLWDWLRQGXIR\HUGHVMHXQHVGH6DQGpJXpHWGH0DGDP
'pYHORSSHUGHVVHUYLFHVUpFUpDWLIVHWVSRUWLIVGDQVODFRPPXQHGHVDQGHJXH
$PpQDJHPHQWG
XQWHUUDLQGHVSRUWVPDUDFDQDKDQGEDOOHWEDVNHWGDQVODYLOOHGH6DQGpJXp
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODFRPPXQHGHVDQGHJXH
&RQVWUXFWLRQG
XQORJHPHQWVRFLDOjO
(33.DVVRXPGRXJRXSRXUOHSHUVRQQHOHQVHLJQDQW
&RPPXQHG
$G]RSp
7UDQVIHUWV
$G]RSp
$G]RSH
,QYHVWLVVHPHQWV
$G]RSp
)RXUQLWXUHHWSRVHGHEXVHVXUODYRLHUpOLDQWOHVTXDUWLHU73%$'=23(((&,&200(5&(
'pYHORSSHUO
$G]RSp
7UDYDX[G
H[WHQVLRQGHUHVHDXG
HDXSRUWDEOHj$G]RSH+DELWDWH[WHQVLRQ1
GRFKRNRLHW$PDKRX.RHQLQ
'pYHORSSHUO
$G]RSp
&RQVWUXFWLRQG
XQHpFROHPDWHUQHOOHGHWURLVFODVVHVEXUHDX
'pYHORSSHUO
$G]RSp
&RQVWUXFWLRQGHVL[FODVVHVEXUHDXHWVL[ODWULQHVjO
(330DPDGRX.RQH
5pKDELOLWDWLRQGHO
(333HWLW/\FpHFODVVHV
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
&RQVWUXFWLRQG
XQHpFROHSULPDLUHGHVL[FODVVHV%XUHDX/DWULQHVj$GMLNRL5pVLGHQWLHO
&RPPXQHGH%OROHTXLQ
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHEOROpTXLQ
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH%OROHTXLQ
,QYHVWLVVHPHQWV
'pYHORSSHUOHVpTXLSHPHQWVFROOHFWLIVGDQVODFRPPXQHGHEOROpTXLQ
&RQVWUXFWLRQGHODPRUJXHSULQFLSDOHGH%OROpTXLQ
&RQVWUXFWLRQG
XQFHQWUHPpGLFRVFRODLUHj%OROHTXLQ
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODFRPPXQHGHEOROpTXLQ
&RQVWUXFWLRQGHWURLVFODVVHVEXUHDXHWODWULQHVjO
(33'LRX\D'RNLQ
'pYHORSSHUOHVDXWUHVVHUYLFHVJpQpUDX[GDQVODFRPPXQHGH%OROHTXLQ
$FTXLVLWLRQG
XQWUDFWRSHOOH
&RPPXQHGH3ULNUR
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHSULNUR
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH3ULNUR
,QYHVWLVVHPHQWV
'pYHORSSHUOHVVHUYLFHVGHSROLFHGDQVODFRPPXQHGHSULNUR
&RQVWUXFWLRQG
XQFRPLVVDULDWGHSROLFHGDQVODYLOOHGH3ULNUR
'pYHORSSHUODGLVWULEXWLRQOHVHQWUHS{WVHWOHVPDJDVLQVGDQVODFRPPXQHGHSULNUR
&RQVWUXFWLRQGHKXLWPDJDVLQVDXPDUFKpFHQWUDOGH3ULNUR
&RXYHUWXUHGHODSODWHIRUPHHWFRQVWUXFWLRQGHGHX[SHWLWVKDQJDUVDXPDUFKpGH3ULNUR
'pYHORSSHUO
K{WHOOHULHHWODUHVWDXUDWLRQGDQVODFRPPXQHGHSULNUR
&RQVWUXFWLRQGHODFO{WXUHGHO¢DXEHUJHPXQLFLSDOHGH3ULNUR
'pYHORSSHUOHVWUDQVSRUWVURXWLHUVGDQVODFRPPXQHGHSULNUR
$PpQDJHPHQWGHGRX]HNLORPqWUHVGHYRLHVGDQVOHVTXDUWLHUVGHODYLOOHGH3ULNUR$QRNURNP'LRXODNURNPFDQLYHDX[GHP
5pVLGHQWLHONP
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
'pYHORSSHUOHVpTXLSHPHQWVFROOHFWLIVGDQVODFRPPXQHGHSULNUR
&RQVWUXFWLRQGHFLQTSUpDX[GDQVTXDWUHYLOODJHVGHODFRPPXQHHWGDQVODYLOOHGH3ULNURj.UDNRXNUR.RQDQGL1
GDNUR1
JRGMRXHW
%DEUDVVR
'pYHORSSHUGHVVHUYLFHVFXOWXUHOVGDQVODFRPPXQHGHSULNUR
&RQVWUXFWLRQG¢XQIR\HUGHVMHXQHVj%DLPL
(TXLSHPHQWHQFKDLVHGXFHQWUHFXOWXUHOGH3ULNURFKDLVHVGHVIR\HUVGHVMHXQHVGH%DwPLFKDLVHV/LQJXH]DQFKDLVHVHWGHV
SUpDX[GH1
JRGMRXFKDLVHVHW.DWpPDQ1
JXHVVDQNURFKDLVHV
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODFRPPXQHGHSULNUR
5pKDELOLWDWLRQG¢XQEkWLPHQWjO¢(333ULNUR
(TXLSHPHQWHQWDEOHEDQFVGHVpFROHVGHODFRPPXQH(333ULNURWDEOHVEDQFV(333ULNURWDEOHVEDQFV(333ULNUR
WDEOHVEDQFV(333ULNURWDEOHVEDQFV
&RPPXQHGH%RQGRXNRX
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHERQGRXNRX
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH%RQGRXNRX
,QYHVWLVVHPHQWV
'pYHORSSHUGHVVHUYLFHVFXOWXUHOVGDQVODFRPPXQHGHERQGRXNRX
5pKDELOLWDWLRQGXPXVpHGH%RQGRXNRX
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODFRPPXQHGHERQGRXNRX
&RQVWUXFWLRQGHGHX[EkWLPHQWVGHWURLVFODVVHVSULPDLUHVEXUHDXODWULQHFKDFXQjO
(33.21(+,//,$6628j$OODODGRXJRXHWj
O
(3368'
&RQVWUXFWLRQG
XQEkWLPHQWGHWURLVFODVVHVEXUHDXODWULQHjO
(33<$0$'28*28
'pYHORSSHUGHVGLVSHQVDLUHVHWGHVPDWHUQLWpVGDQVODFRPPXQHGHERQGRXNRX
&RQVWUXFWLRQG
XQFHQWUHGHVDQWpXUEDLQVXUODURXWHG
$%(0$
&RPPXQHGH6pJXpORQ
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHVHJXHORQ
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH6pJXpORQ
,QYHVWLVVHPHQWV
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
'pYHORSSHUOHVDXWUHVVHUYLFHVJpQpUDX[GDQVODFRPPXQHGHVHJXHORQ
$FKDWGHGHX[PRWRF\FOHWWHVSRXUOD0DLULHGH6HJXHORQ
'pYHORSSHUGHVGLVSHQVDLUHVHWGHVPDWHUQLWpVGDQVODFRPPXQHGHVHJXHORQ
&RQVWUXFWLRQGXORJHPHQWGHODVDJHIHPPHGH=DQJRKRED6pJXpORQ
&RQVWUXFWLRQGXORJHPHQWGHODVDJHIHPPHGH7LPEDQL6pJXpORQ
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODFRPPXQHGHVHJXHORQ
&RQVWUXFWLRQG
pFROHSULPDLUHSXEOLTXHGH=DQJRQKRVVRNRXUD6pJXpORQ
$FKDWGHWDEOHVEDQFVSRXUOHVpFROHVSULPDLUHVGHOD&RPPXQHGH6HJXHORQ6pJXHORQ7LPEDQL=DQJRKREDVLDQVRNRURQLVDQJEDQLHW
Q
GpRX]DQJRKRVRNRXUD
'pYHORSSHUOHVWUDQVSRUWVURXWLHUVGDQVODFRPPXQHGHVHJXHORQ
2XYHUWXUHGHVYRLHVGHOD&RPPXQHGH6pJXHORQNP
&RPPXQHGH%RQRQ
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHERQRQ
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH%RQRQ
,QYHVWLVVHPHQWV
'pYHORSSHUODGLVWULEXWLRQOHVHQWUHS{WVHWOHVPDJDVLQVGDQVODFRPPXQHGHERQRQ
&RQVWUXFWLRQGHYLQJWHWXQPDJDVLQVDXTXDUWLHU)UpIUpGRXGH%RQRQ
'pYHORSSHUO
pFODLUDJHSXEOLFGDQVODFRPPXQHGHERQRQ
([WHQVLRQGXUpVHDXpOHFWULTXHPODXTXDUWLHU%HOOHYLOOHGH%RQRQ
'pYHORSSHUGHVGLVSHQVDLUHVHWGHVPDWHUQLWpVGDQVODFRPPXQHGHERQRQ
&RQVWUXFWLRQGHODFO{WXUHGXFHQWUHGH6DQWp8UEDLQGH%RQRQ
'pYHORSSHUGHVVHUYLFHVFXOWXUHOVGDQVODFRPPXQHGHERQRQ
&RQVWUXFWLRQGHODFO{WXUHGXIR\HUGHVMHXQHVGH%RQRQ
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODFRPPXQHGHERQRQ
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
&RQVWUXFWLRQG¢XQEkWLPHQWGHWURLVVDOOHVGHFODVVHjO¢(339ODPLGDQVODYLOOHGH%RQRQ
5pKDELOLWDWLRQG¢XQEkWLPHQWGHWURLVVDOOHVGHFODVVHjO¢(33GH)UpIUpGRXGDQVODYLOOHGH%RQRQ
'pYHORSSHUODJHVWLRQGHVGpFKHWVGDQVODFRPPXQHGHERQRQ
$FTXLVLWLRQG¢XQFDPLRQEHQQHURXHVSRXUOHUDPDVVDJHGHVRUGXUHVj%RQRQ
&RPPXQHGH0DQ
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHPDQ
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH0DQ
,QYHVWLVVHPHQWV
'pYHORSSHUODGLVWULEXWLRQOHVHQWUHS{WVHWOHVPDJDVLQVGDQVODFRPPXQHGHPDQ
XQ0DUFKpDXTXDUWLHU'R\DJRXLQpGH0DQ
'pYHORSSHUGHVGLVSHQVDLUHVHWGHVPDWHUQLWpVGDQVODFRPPXQHGHPDQ
XQ&HQWUHGHVDQWpDXTXDUWLHU/\FpHGH0DQ
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODFRPPXQHGHPDQ
XQHpFROHSULPDLUHSXEOLTXHGHVL[VDOOHVGHFODVVHVSOXVEXUHDXSOXVODWULQHVDXTXDUWLHU%ORNRVVVLWXYHX[GH
0DQ
&RQVWUXFWLRQGHWURLVpFROHVpFROHVSULPDLUHVSXEOLTXHVGHVL[FODVVHVSOXVEXUHDXj=DGHSOHXDX[TXDUWLHUV.HQQHG\HW3HWLW3DULVGH
0DQ
7UDYDX[GHFRQVWUXFWLRQGHGL[EORFVGHODWULQHjVL[FDELQHVGDQVFKDFXQHGHV(33)UDWHUQLWp+.%*UDQGJEDSOHX.RNR0XQLFLSDO
.SDQJRXLQ3pUDOGL(FROHWHPRLQHW/LEUHYLOOHGDQVODFRPPXQHGH0DQ
7UDYDX[GHUpKDELOLWDWLRQGHGRX]HFODVVHVSOXVEXUHDXHWGHV/DWULQHVj*ORQJRXLQGDQVODFRPPXQHGH0DQ
'pYHORSSHUGHVVHUYLFHVUpFUpDWLIVHWVSRUWLIVGDQVODFRPPXQHGHPDQ
$PpQDJHPHQWG
XQWHUUDLQGHVSRUWLQWpJUpDXTXDUWLHU%DEDGMDQGH0DQ
&RPPXQHGH$VVXHIU\
7UDQVIHUWV
DVVXHIU\
$VVXHIU\
,QYHVWLVVHPHQWV
'pYHORSSHUO
DVVXHIU\
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
)RUDJHGDQVGL[YLOODJHVGHODFRPPXQH6LpGMD0HUHNRX%RXDNUR'DWHNUR+LDQJR$GDQGLD$PRQNREHQHNUR.pNHUHQL<RPDQNUR
$GLRSHQD
'pYHORSSHUO
DVVXHIU\
5pKDELOLWDWLRQGHO
(33.RXDVVL6HUDQRX
$FTXLVLWLRQGHGHX[PLOOHWDEOHVEDQFVSRXUOHVpFROHVSULPDLUHVG
$VVXpIU\(33%$'(330XQLFLSDOLWp
DVVXHIU\
&RQVWUXFWLRQGHFLQTEORFVGHWURLVODWULQHVjOD0DLULHHWDXPDUFKpG
$VVXpIU\
&RPPXQHGH%RFDQGD
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHERFDQGD
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH%RFDQGD
,QYHVWLVVHPHQWV
'pYHORSSHUOHVWUDQVSRUWVURXWLHUVGDQVODFRPPXQHGHERFDQGD
5HSURILODJHORXUGGHNPGHYRLHVFRPPXQDOHV
'pYHORSSHUODGLVWULEXWLRQOHVHQWUHS{WVHWOHVPDJDVLQVGDQVODFRPPXQHGHERFDQGD
&RQVWUXFWLRQGHGL[KXLWPDJDVLQVjODJDUHURXWLqUHGH%2&$1'$
'pYHORSSHUO
DOLPHQWDWLRQHQHDXGDQVODFRPPXQHGHERFDQGD
&RQVWUXFWLRQGXUpVHDXG
DGGXFWLRQG
HDXDXTXDUWLHU/\FpH
'pYHORSSHUOHVpTXLSHPHQWVFROOHFWLIVGDQVODFRPPXQHGHERFDQGD
&RQVWUXFWLRQG
XQHPRUJXH
'pYHORSSHUGHVGLVSHQVDLUHVHWGHVPDWHUQLWpVGDQVODFRPPXQHGHERFDQGD
&RQVWUXFWLRQGXEkWLPHQWGXFHQWUHPpGLFRVFRODLUHGH%RFDQGDDXTXDUWLHU%ODLG\
'pYHORSSHUO
HQVHLJQHPHQWSUppOpPHQWDLUHGDQVODFRPPXQHGHERFDQGD
&RQVWUXFWLRQG
XQHpFROHSUpVFRODLUHDXJURXSHVFRODLUH+HQU\.21$1%pGLp
&RPPXQHGH1DSLp
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHQDSLHOHGRXJRX
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH1DSLHOHGRXJRX
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
,QYHVWLVVHPHQWV
'pYHORSSHUOHVWUDQVSRUWVURXWLHUVGDQVODFRPPXQHGHQDSLHOHGRXJRX
&RQVWUXFWLRQG¢XQSRQWHQWUH/RILQpHW)ODQDNDKD
&RQVWUXFWLRQG¢XQSRQWHQWUH*QRQNDKDHW3qJXqNDKD
5HSURILODJHORXUGj2XDILDNDKDGHVL[NLORPqWUHVGHUXH
&RQVWUXFWLRQG¢XQGDORWHQWUH/RILQpHW2XDORXJRNDKD
&RQVWUXFWLRQG¢XQGHX[LqPHGDORWHQWUHNRXRORHW1DEDWLRNDKD
5HSURILODJHORXUGGHWURLVNLORPqWUHVGHVUXHVGHODYLOOHGH1DSLpTXDUWLHUVHNSRTXDUWLHUVRULNDKDHWTXDUWLHU1DYLQHNDKD,,
'pYHORSSHUODGLVWULEXWLRQOHVHQWUHS{WVHWOHVPDJDVLQVGDQVODFRPPXQHGHQDSLHOHGRXJRX
&RQVWUXFWLRQG¢XQDEDWWRLUj1DSLp
'pYHORSSHUO
DOLPHQWDWLRQHQHDXGDQVODFRPPXQHGHQDSLHOHGRXJRX
$GGXFWLRQG¢HDXj2XDILDNDKD
'pYHORSSHUGHVVHUYLFHVFXOWXUHOVGDQVODFRPPXQHGHQDSLHOHGRXJRX
5pKDELOLWDWLRQGXEkWLPHQWGX&/$&
$FTXpULUGHVDSSDUHLOVHWGXPDWpULHOWKpUDSHXWLTXHGDQVODFRPPXQHGHQDSLHOHGRXJRX
$FKDWGHPDWpULHOVELRPpGLFDX[SRXUOHFHQWUHGHVDQWpXUEDLQ&68GH1DSLp
'pYHORSSHUOHVDXWUHVVHUYLFHVJpQpUDX[GDQVODFRPPXQHGHQDSLHOHGRXJRX
3RVHGHUHYrWHPHQWGXUGHOD0DLULH
&RPPXQHGH7LHQNR
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHWLHQNR
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH7LHQNR
,QYHVWLVVHPHQWV
'pYHORSSHUOHORJHPHQWGDQVODFRPPXQHGHWLHQNR
&RQVWUXFWLRQG
XQORJHPHQWVRFLDOj0
%DQD
'pYHORSSHUO
DOLPHQWDWLRQHQHDXGDQVODFRPPXQHGHWLHQNR
5pDOLVDWLRQGHGHX[IRUDJHVPXQLVGHSRPSHVK\GUDXOLTXHVjPRWULFLWpKXPDLQHGDQVOHVYLOODJHVGH.pKLHW0
%DQD
'pYHORSSHUOHVpTXLSHPHQWVFROOHFWLIVGDQVODFRPPXQHGHWLHQNR
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
5pJXODULVDWLRQGHVSODQVGHORWLVVHPHQWGHVYLOODJHVGHOD&RPPXQH
/RWLVVHPHQWG
XQHSDUFHOOHGHGRX]HKDj7LHQNR
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODFRPPXQHGHWLHQNR
$FTXLVLWLRQGHTXDWUHFHQWWDEOHVEDQFVVHPLPpWDOOLTXHVSRXUOHVpFROHVSULPDLUHVSXEOLTXHVGHOD&RPPXQH(337,(1.2 (33
.28%$1(33.(+,(33.2/,.2(330$=(/$(330
%$1$HW(33.(0,66,*$
'pYHORSSHUOHVWUDQVSRUWVURXWLHUVGDQVODFRPPXQHGHWLHQNR
2XYHUWXUHGHYLQJWFLQTNPGHYRLHVGDQVOHVYLOODJHVGHOD&RPPXQHGH7LHQNR7LHNR.P.RXEDQ.0.ROLNR.00
%DQD.0
0D]HOD.0
'pYHORSSHUOHVDXWUHVVHUYLFHVJpQpUDX[GDQVODFRPPXQHGHWLHQNR
$FTXLVLWLRQG
XQHSKRWRFRSLHXVH&$121':
$FTXLVLWLRQG
XQORJLFLHO%73$872&$'
'pYHORSSHUGHVVHUYLFHVFXOWXUHOVGDQVODFRPPXQHGHWLHQNR
&RQVWUXFWLRQG
XQ)R\HUGHVMHXQHVGDQVOHYLOODJHGH.RXEDQ
&RPPXQHGH*XH\R
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHJXH\R
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH*XH\R
,QYHVWLVVHPHQWV
'pYHORSSHUOHVWUDQVSRUWVURXWLHUVGDQVODFRPPXQHGHJXH\R
5HSURILODJHORXUGHWRXYHUWXUHGHVUXHVGDQVODYLOOHGH*Xp\RNPTXDUWLHUV5pVLGHQWLHO$5pVLGHQWLHO%
5HSURILODJHORXUGHWRXYHUWXUHGHVYRLHVGHOD&RPPXQHGH*Xp\RNPTXDUWLHUV6RGHIRU5pVLGHQWLHOHWOHVJUDQGVD[HVURXWLHUVGHOD
&RPPXQH
'pYHORSSHUO
pFODLUDJHSXEOLFGDQVODFRPPXQHGHJXH\R
([WHQVLRQGXUpVHDXHOHFUWLTXHGXVHFWHXU5pVLGHQWLHO%GH*XH\RPO
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODFRPPXQHGHJXH\R
&RQVWUXFWLRQGHWURLVFODVVHVHWWURLVWRLOHWWHVj%HOOHYLOOH&RPPXQHGH*Xp\R
&RQVWUXFWLRQGHWURLVVDOOHVGHFODVVHXQEXUHDXHWWURLVWRLOHWWHVjO
(33=,02&28/,%$/<.52&RPPXQHGH*Xp\R
&RQVWUXFWLRQGHGHX[FDQWLQHVVFRODLUHVDX[JURXSHVVFRODLUHVHWHWjO
(33%/(6DLOO\)pOL[GH*Xp\R
XQEkWLPHQWGHWURLVVDOOHVGHFODVVHj<RERXp.RXDVVLNUR&RPPXQHGH*Xp\R
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
&RQVWUXFWLRQGHTXDWUHVDOOHVGHFODVVHGRQWGHX[VDOOHVj/pRQDUGNURHWGHX[VDOOHVj+HQULNUR&RPPXQHGH*Xp\R
'pYHORSSHUOHVDXWUHVVHUYLFHVJpQpUDX[GDQVODFRPPXQHGHJXH\R
&RQVWUXFWLRQGHODFO{WXUHGHOD0DLULHGH*Xp\RPO
$FTXLVLWLRQGHGHX[WRQGHXVHVSRXUOHV6HUYLFHV7HFKQLTXHVGHOD0DLULH
'pYHORSSHUGHVVHUYLFHVUpFUpDWLIVHWVSRUWLIVGDQVODFRPPXQHGHJXH\R
5pQRYDWLRQGXIR\HUSRO\YDOHQWGH*Xp\R
&RPPXQHG
$]DJXLp
7UDQVIHUWV
D]DJXLH
$]DJXLH
,QYHVWLVVHPHQWV
D]DJXLH
5pSURILODJHORXUGGHFLQTXDQWHNPGHYRLHVGDQVODFRPPXQHG
$]DJXLp
2XYHUWXUHGHFLQTXDQWHNPGHYRLHVGDQVODFRPPXQHG
$]DJXLp
D]DJXLH
&RQVWUXFWLRQG
XQHVDOOHG
KRVSLWDOLVDWLRQHWGHFRXFKHDXFHQWUHGHVDQWpXUEDLQFVXG
$]DJXLH
'pYHORSSHUO
D]DJXLH
&RQVWUXFWLRQGHYLQJWVDOOHVGHFODVVHGDQVOHVpFROHVSULPDLUHVSXEOLTXHVG
$]DJXLHDKRXD$]DJXLHJDUHHW$]DJXLHEDPERX
&RQVWUXFWLRQG
XQHpFROHSULPDLUHSXEOLTXHGHVL[FODVVHVSOXVEXUHDXHWXQEORFVDQLWDLUHj$EEqDQFLHQFDUUHIRXU
5pKDELOLWDWLRQGHO
(33G
$]DJXLpJDUH
'pYHORSSHUO
D]DJXLH
&RQVWUXFWLRQGHWURLVVDOOHVGHFODVVHDYHFEXUHDXHWXQEORFVDQLWDLUHSRXUOHFHQWUHG
$FWLRQFRPPXQDXWDLUHGHODSHWLWHHQIDQFH&$&(
G
$]DJXLp
&RPPXQHGH.RRQDQ
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHNRRQDQ
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH.RRQDQ
,QYHVWLVVHPHQWV
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
'pYHORSSHUOHVpTXLSHPHQWVFROOHFWLIVGDQVODFRPPXQHGHNRRQDQ
/RWLVVHPHQWGHVYLOODJHVGH6DIHVVR%D\ROD7RJEDGRXJRX6RNRXUDQL)RXDQDHW9DVVDPDGRXJRX
'pYHORSSHUO
K{WHOOHULHHWODUHVWDXUDWLRQGDQVODFRPPXQHGHNRRQDQ
5pKDELOLWDWLRQGHO
DXEHUJHPXQLFLSDOH
'pYHORSSHUODGLVWULEXWLRQOHVHQWUHS{WVHWOHVPDJDVLQVGDQVODFRPPXQHGHNRRQDQ
&RQVWUXFWLRQGHPDJDVLQVDXPDUFKpGHVRXOD
'pYHORSSHUOHVWUDQVSRUWVURXWLHUVGDQVODFRPPXQHGHNRRQDQ
&RQVWUXFWLRQGHGHX[SRQWVGDORWVUHOLDQW<DIrj.RRQDQ
'pYHORSSHUGHVVHUYLFHVFXOWXUHOVGDQVODFRPPXQHGHNRRQDQ
&RQVWUXFWLRQGXFHQWUHSRO\YDOHQWGH<DIr
5pKDELOLWDWLRQGXIR\HUSRO\YDOHQWGH.RRQDQ
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODFRPPXQHGHNRRQDQ
$FTXLVLWLRQGHWURLVFHQWFLQTXDQWHWDEOHVEDQFVSRXU(33.RRQDQ(336RXOD(337pQpPDVVD(332XqQDQ(33(<kIr(&)ODVVRHW(&
9DVVDPDGRXJRX
'pYHORSSHUO
HQVHLJQHPHQWSUppOpPHQWDLUHGDQVODFRPPXQHGHNRRQDQ
&RQFWUXFWLRQGHGHX[pFROHVPDWHUQHOOHVGHGHX[FODVVHVEXUHDXj(33.RRQDQHW(336RXOD
'pYHORSSHUOHVDXWUHVVHUYLFHVJpQpUDX[GDQVODFRPPXQHGHNRRQDQ
5pKDELOLWDWLRQGHOD0DLULH
$FTXpULUGHVDSSDUHLOVHWGXPDWpULHOWKpUDSHXWLTXHGDQVODFRPPXQHGHNRRQDQ
(TXLSHPHQWGXFHQWUHGHVDQWp8UEDLQ&68GH.RRQDQ
&RPPXQHGH6DWDPD6RNRXUD
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHVDWDPDVRNRXUD
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHVDWDPDVRNRXUD
,QYHVWLVVHPHQWV
'pYHORSSHUOHVWUDQVSRUWVURXWLHUVGDQVODFRPPXQHGHVDWDPDVRNRXUD
2XYHUWXUHGHVYRLHVGDQVOHTXDUWLHU5pVLGHQWLHOGHODYLOOHGH6DWDPD6RNRXUDNP
'pYHORSSHUOHVpTXLSHPHQWVFROOHFWLIVGDQVODFRPPXQHGHVDWDPDVRNRXUD
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
&RQVWUXFWLRQGHGHX[SUpDX[GDQVOHVTXDUWLHUVGH'DQJEDVVRHWGH)RIDQDVVRGDQVODYLOOHGH6DWDPDVRNRXUD
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODFRPPXQHGHVDWDPDVRNRXUD
&RQVWUXFWLRQG
(331DWRSOp'DQJEDVVR
&RQVWUXFWLRQG
(33'DQJEDVVR
(TXLSHPHQWHQWURLVFHQWWDEOHEDQFVGHVpFROHVSULPDLUHVSXEOLTXHVGHODFRPPXQH
'pYHORSSHUGHVVHUYLFHVUpFUpDWLIVHWVSRUWLIVGDQVODFRPPXQHGHVDWDPDVRNRXUD
&RQVWUXFWLRQG
XQFRPSOH[HVSRUWLIGDQVODYLOOHGH6DWDPDVRNRXUD
&RPPXQHGH7DILUp
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHWDILUH
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH7DILUH
,QYHVWLVVHPHQWV
'pYHORSSHUODJHVWLRQGHVGpFKHWVGDQVODFRPPXQHGHWDILUH
$FTXLVLWLRQG
XQH%HQQHEDVFXODQWHJUXHSRXUOHUDPDVVDJHGHVRUGXUHVGDQVODFRPPXQHGH7DILUp
'pYHORSSHUODJHVWLRQGHVHDX[XVpHVGDQVODFRPPXQHGHWDILUH
7UDYDX[G
DVVDLQLVVHPHQWGHSRVHGHGDOOHWWHVHWGHFDQLYHDX[DX[TXDUWLHU'LRXODERXJRXGDQVODFRPPXQHGH7DILUp
'pYHORSSHUGHVGLVSHQVDLUHVHWGHVPDWHUQLWpVGDQVODFRPPXQHGHWDILUH
&RQVWUXFWLRQG
XQHPDWHUQLWpGDQVODFRPPXQHGH7DILUp
'pYHORSSHUO
HQVHLJQHPHQWQRQGpILQLSDUQLYHDXGDQVODFRPPXQHGHWDILUH
(TXLSHPHQWGHO
,)()HQGHX[RUGLQDWHXUVFLQTFKDLVHVYLVLWHXUVXQIDXWHXLOGHGLUHFWLRQXQPLFURRQGHGHFXLVLQHFLQT
SDLUHVG
XVWHQVLOHGHFXLVLQHGHX[JD]LQLqUHV
'pYHORSSHUO
HQVHLJQHPHQWSUppOpPHQWDLUHGDQVODFRPPXQHGHWDILUH
(TXLSHPHQWGHGHX[pFROHVPDWHUQHOOHVHQPDWpULHOVWRERJDQEDODQoRLUHVWDEOHVFKDLVHVGDQVODFRPPXQHGH7DILUp
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODFRPPXQHGHWDILUH
&RQVWUXFWLRQG
XQEkWLPHQWGHWURLVVDOOHVGHFODVVHVODWULQHVjO
(333DUDPDVVRURNDKDGH7DILUp
5pKDELOLWDWLRQGHGRX]HVDOOHVGHFODVVHVGHX[EXUHDX[DXJURXSH6FRODLUH7$),5(,,GH7$),5(
&RQVWUXFWLRQGHODWULQHVGDQVFLQTpFROHVSULPDLUHVSXEOLTXHVGDQVODFRPPXQHGH7DILUp
(33+DPHG%$.$<2.2GH7DULIp
$FTXLVLWLRQGHPLOOHWDEOHVEDQFVSRXUTXDWUHpFROHVSULPDLUHVSXEOLTXHVGDQVODFRPPXQHGH7DILUp
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
&RPPXQHGH0DIpUp
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHPDIHUH
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH0DIHUH
,QYHVWLVVHPHQWV
'pYHORSSHUOHVpTXLSHPHQWVFROOHFWLIVGDQVODFRPPXQHGHPDIHUH
/RWLVVHPHQWDXTXDUWLHU$QDGHUGH0DIpUpORWV
'pYHORSSHUGHVVHUYLFHVFXOWXUHOVGDQVODFRPPXQHGHPDIHUH
&RQVWUXFWLRQGXFHQWUHSRO\YDOHQWGH0DIpUp
'pYHORSSHUO
HQVHLJQHPHQWSUppOpPHQWDLUHGDQVODFRPPXQHGHPDIHUH
&RQVWUXFWLRQG
XQHpFROHPDWHUQHOOHGHWURLVFODVVHVDYHFEXUHDXj$QYR
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODFRPPXQHGHPDIHUH
5pQRYDWLRQG
XQEkWLPHQWGHWURLVFODVVHVDYHFEXUHDXjO
(33%RGMRQRX
&RQVWUXFWLRQG
XQEkWLPHQWGHWURLVFODVVHVDYHFEXUHDXHWODWULQHVj(+$1,$9
&RPPXQHGH%DNR
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH%DNR
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH%DNR
,QYHVWLVVHPHQWV
'pYHORSSHUO
K{WHOOHULHHWODUHVWDXUDWLRQGDQVODFRPPXQHGH%DNR
([WHQVLRQGHO
DXEHUJHPXQLFLSDOHGH%DNR
'pYHORSSHUGHVGLVSHQVDLUHVHWGHVPDWHUQLWpVGDQVODFRPPXQHGH%DNR
&RQVWUXFWLRQG
XQFHQWUHGHVDQWpj6DUDNRURGRXJRX
&RQVWUXFWLRQGHWURLVORJHPHQWVG
LQILUPLHUj%RKLVVR7RPEDj7FKLJEpODHWj6DUDNRURGRXJRX
&RQVWUXFWLRQG
XQODERUDWRLUHG
DQDO\VHPpGLFDOHDX&HQWUHGH6DQWp8UEDLQGH%DNR
$FTXpULUGHVDSSDUHLOVHWGXPDWpULHOWKpUDSHXWLTXHGDQVODFRPPXQHGH%DNR
(TXLSHPHQWGH&HQWUHVGHVDQWpGH%RKLVVRGH7FKLJEpODHWGH6DUDNRURGRXJRXHQPDWpULHOVELRPpGLFDX[
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
'pYHORSSHUO
HQVHLJQHPHQWSUppOpPHQWDLUHGDQVODFRPPXQHGH%DNR
&RQVWUXFWLRQGHODFO{WXUHGHVpFROHVPDWHUQHOOHVGH%DNRHWGH7FKLJEpOD
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODFRPPXQHGH%DNR
&RQVWUXFWLRQG
XQEkWLPHQWGHWURLVFODVVHVXQEXUHDXGX'LUHFWHXUHWWURLVODWULQHVj0LQGLDGRXJRX
'pYHORSSHUOHVDXWUHVVHUYLFHVJpQpUDX[GDQVODFRPPXQHGH%DNR
$FTXLVLWLRQG
XQYpKLFXOHGHOLDLVRQSRXUOHVVHUYLFHVPXQLFLSDX[
&UpDWLRQG
XQHELEOLRWKqTXHPXQLFLSDOHGDQVODVDOOHPXOWLPpGLDGHOD0DLULHGH%DNR
'pYHORSSHUODJHVWLRQGHVGpFKHWVGDQVODFRPPXQHGH%DNR
&RQVWUXFWLRQGHGHX[FHQWUHVGHSUpFROOHFWHGHVRUGXUHVPpQDJqUHVGDQVODYLOOHGH%DNR
&RPPXQHGH6H\GRXJRX
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHVH\GRXJRX
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH6H\GRXJRX
,QYHVWLVVHPHQWV
'pYHORSSHUODGLVWULEXWLRQOHVHQWUHS{WVHWOHVPDJDVLQVGDQVODFRPPXQHGHVH\GRXJRX
&RQVWUXFWLRQGHGL[PDJDVLQVVXUOHVLWHGHO
DQFLHQPDUFKpGH6H\GRXJRX
'pYHORSSHUOHORJHPHQWGDQVODFRPPXQHGHVH\GRXJRX
&RQVWUXFWLRQGHTXDWUHORJHPHQWVVRFLDX[GHSLqFHVFKDFXQFO{WXUHGDQVODYLOOHGH6H\GRXJRX
'pYHORSSHUO
HQVHLJQHPHQWSUppOpPHQWDLUHGDQVODFRPPXQHGHVH\GRXJRX
(TXLSHPHQWGHVpFROHVPDWHUQHOOHVGH%DODODHWGH%DGLRXDODNRKRXpHQPRELOLHUVHWHQMHX[EXUHDX[GHPDLWUHFKDLVHVUHPERXUUpHV
WDEOHVURQGHVGHVpOqYHVFKDLVHVGHVpOqYHVWRERJJDQVEDODQoRLUHVFDJHVjpFXUHXLOHWSpWLWVFKHYDX[
&RQVWUXFWLRQG
XQHpFROHPDWHUQHOOHGHFODVVHVEXUHDXXQEORFGHODWULQHVGHFDELQHVj%$/$'$HWFRQVWUXFWLRQG
XQHpFROH
PDWHUQHOOHGHFODVVHVEXUHDXXQEORFGHODWULQHVGHFDELQHVj%$',28$/$.2+28(1$
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODFRPPXQHGHVH\GRXJRX
&RQVWUXFWLRQG
XQHFDQWLQHDXJURXSHVFRODLUHGH6H\GRXJRXG
XQHFDQWLQHjO
(33%DODODG
XQHFDQWLQHjO
(33%DGLRXDOD.RKRXpQD
HWG
XQHFDQWLQHjO
(33.DEDOD
(TXLSHPHQWGHV(33GHODFRPPXQHGH6H\GRXJRX6H\GRXJRXHW%DGLRXDODNRKRXpQD.DEDODHW%DODODHQPRELOLHUVWDEOHV
EDQFVEXUHDX[GHPDLWUHFKDLVHVHQERLVUHPERXUUpHV
'pYHORSSHUOHVVHUYLFHVJpQpUDX[GHSODQLILFDWLRQHWGHVWDWLVWLTXHVGDQVODFRPPXQHGHVH\GRXJRX
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
5pYLVLRQGX3ODQ6WUDWpJLTXHGH'pYHORSSHPHQWGH6H\GRXJRX36'
&RPPXQHGH7RXOHXSOHX
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHWRXOHSOHX
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH7RXOHSOHX
,QYHVWLVVHPHQWV
'pYHORSSHUOHVWUDQVSRUWVURXWLHUVGDQVODFRPPXQHGHWRXOHSOHX
2XYHUWXUHGHVYRLHVGHVTXDUWLHUV%HDXVROHLO6HLWpHW$EDWWRLU$PDJRXHW6RNRXUDQ\GDQVODYLOOHGH7RXOpSOHX
'pYHORSSHUO
pFODLUDJHSXEOLFGDQVODFRPPXQHGHWRXOHSOHX
([WHQVLRQGXUpVHDXpOpFWULTXHGHVTXDUWLHUV$PDJRX/\FpH&KkWHDXH[WHQVLRQHW$EDWWRLUGH7RXOpSOHX
5pKDELOLWDWLRQGHO
pFODLUDJHSXEOLFGHVYLOODJHV'2+2HW6DKLEO\GHODFRPPXQHGH7RXOpSOHX
'pYHORSSHUO
DOLPHQWDWLRQHQHDXGDQVODFRPPXQHGHWRXOHSOHX
5pKDELOLWDWLRQGHGL[SRPSHVK\GUDXOLTXHVYLOODJHRLVHV6DKLEO\=LRPEO\6p]DLEO\%DNSDKL'LROOp'RKR7LDEROpEO\
([WHQVLRQGXUpVHDXG
DGGXFWLRQHQHDXSRWDEOHGHVYLOODJHVGH6HL]DLEO\%$.3$+,',2//(HWGXTXDUWLHUDEDWWRLUGHODYLOOHGH7RXOpSOHX
'pYHORSSHUOHVpTXLSHPHQWVFROOHFWLIVGDQVODFRPPXQHGHWRXOHSOHX
&RQVWUXFWLRQG
XQSUpDXFRPPXQDXWDLUH=,:(%/<
'pYHORSSHUGHVGLVSHQVDLUHVHWGHVPDWHUQLWpVGDQVODFRPPXQHGHWRXOHSOHX
&RQVWUXFWLRQG
XQORJHPHQWG
LQILUPLHUj=LRPEO\GDQVODFRPPXQHGH7RXOHSOHX
'pYHORSSHUGHVVHUYLFHVFXOWXUHOVGDQVODFRPPXQHGHWRXOHSOHX
&RQVWUXFWLRQG¢XQIR\HUSRO\YDOHQWGHVMHXQHVj1p]REO\
5pKDELOLWDWLRQGXIR\HUGHVMHXQHVGHODYLOOHGH7RXOpSOHX
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODFRPPXQHGHWRXOHSOHX
&RQVWUXFWLRQG¢XQEkWLPHQWGHWURLVFODVVHVjO
(33'RKR
$FTXLVLWLRQGHPRELOLHUVVFRODLUHVWDEOHVEDQFVSRXUOHVpFROHVSULPDLUHVGHODFRPPXQHGH7RXOHSOHX
'pYHORSSHUOHVVHUYLFHVGHSROLFHGDQVODFRPPXQHGHWRXOHSOHX
(TXLSHPHQWGHVIRUFHVGHVpFXULWpHQHQJLQVjGHX[URXHVPRWRV
&RPPXQHGH%RXDIOp
7UDQVIHUWV
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHERXDIOH
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH%RXDIOH
,QYHVWLVVHPHQWV
'pYHORSSHUOHVWUDQVSRUWVURXWLHUVGDQVODFRPPXQHGHERXDIOH
$FTXLVLWLRQHWLQVWDOODWLRQGHIHX[WULFRORUHVDXURQGSRLQWGH.RNRGDQVOD&RPPXQHGH%RXDIOp
5HSURILODJHORXUGG
XQOLQpDLUHGHGL[NPGHODYRLULHFRPPXQDOHGDQVOHVTXDUWLHUV$JEDQRX+HUHPDQNRQR'HKLWDHW/RSRXDIOD
'pYHORSSHUODJHVWLRQGHVGpFKHWVGDQVODFRPPXQHGHERXDIOH
$FTXLVLWLRQGHGL[FRIIUHVjRUGXUHVRXYHUWV$PSOLUROO
$FTXLVLWLRQG
XQHEHQQHDPSOLUROOSRXUODFROOHFWHGHVRUGXUHVPpQDJqUHV
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODFRPPXQHGHERXDIOH
&RQVWUXFWLRQG
XQEkWLPHQWGHVL[VDOOHVGHFODVVHDYHFEXUHDXHWVL[ODWULQHVjO
(FROH3ULPDLUH3XEOLTXHGXTXDUWLHU0DUDKRXp
&RQVWUXFWLRQG
XQEkWLPHQWVGHWURLVVDOOHVGHFODVVHDYHFEXUHDXjO
(FROH3ULPDLUH3XEOLTXH<20$1',%<
&RPPXQHG
(WWURNUR
7UDQVIHUWV
HWWURNUR
(WWURNUR
,QYHVWLVVHPHQWV
'pYHORSSHUOHVVHUYLFHVGHSROLFHGDQVODFRPPXQHG
HWWURNUR
(TXLSHPHQWGHODEULJDUGHGHJHQGDUPHULHG
(WWURNURHQPDWpULHOGHEXUHDX
HWWURNUR
&RQVWUXFWLRQGHWURLVEkWLPHQWVGHGRX]HPDJDVLQVDXPDUFKpG
(WWURNUR
HWWURNUR
2XYHUWXUHGHNPGHYRLHVDXTXDUWLHUFROOqJHPRGHUQHG
(WWURNUR
HWWURNUR
/RWLVVHPHQWGHORWVj(WWLHQ.RXDGLRNURHWORWVj$NDNUR
'pYHORSSHUO
HWWURNUR
([WHQVLRQGHO
DGGXFWLRQG
HDXG
(WWURNURj.RIILNUR/DODVVRXHW$NDNUR
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
5pDOLVDWLRQG
XQHSRPSHYLOODJHRLVHjPRWULFLWpKXPDLQHj$PDQGRXNUR
'pYHORSSHUO
HWWURNUR
&RQVWUXFWLRQG
XQHpFROHGHWURLVFODVVHVXQEXUHDXj)ODPHER
&RPPXQHG
$NRXSp
7UDQVIHUWV
DNRXSH
$NRXSH
,QYHVWLVVHPHQWV
DNRXSH
(PEpOOLVVHPHQWGHVURQGVSRLQWVHWWURWWRLUVGHODYLOOHG¢$NRXSp
&RQVWUXFWLRQGHODJDUHURXWLqUH(VFDOHG
$KpRXD
DNRXSH
&RQVWUXFWLRQG
XQKDQJDUFLQTPDJDVLQVHWXQ:&SXEOLFDXPDUFKpGH%DFRQ
&RQVWUXFWLRQGHFLQTKDQJDUVKXLWPDJDVLQVHWXQ:&SXEOLFDXPDUFKpGH$JEDRX
&RQVWUXFWLRQG¢XQKDQJDUSRXUOHFRPPHUFHj.RGMDQ
&RQVWUXFWLRQG
XQKDQJDUSRXUOHFRPPHUFHj&DUGRQD
5pKDELOLWDWLRQGHVKDQJDUVGXPDUFKpFHQWUDOG
$NRXSp
'pYHORSSHUO
HQVHLJQHPHQWQRQGpILQLSDUQLYHDXGDQVODFRPPXQHG
DNRXSH
&RQVWUXFWLRQG¢XQFHQWUHSLORWHj$JEDRXSRXUDOSKDEpWLVDWLRQ
DNRXSH
&RQVWUXFWLRQG
XQWHUUDLQGHVSRUWGHPDLQVDXFHQWUHFXOWXUHOG
$NRXSp
&RPPXQHGH2XDQJRORGRXJRX
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHRXDQJRORGRXJRX
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH2XDQJRORGRXJRX
,QYHVWLVVHPHQWV
'pYHORSSHUODGLVWULEXWLRQOHVHQWUHS{WVHWOHVPDJDVLQVGDQVODFRPPXQHGHRXDQJRORGRXJRX
&RQVWUXFWLRQGHWUHQWHVL[PDJDVLQVDXPDUFKpGHGUDS
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
(TXLSHPHQWGXEXUHDXGHVVHUYLFHVYpWpULQDLUHVjO
DEDWWRLU
$FTXpULUGHVDSSDUHLOVHWGXPDWpULHOWKpUDSHXWLTXHGDQVODFRPPXQHGHRXDQJRORGRXJRX
$FTXLVLWLRQG
XQDSSDUHLOG
pFKRJUDSKLHSRXUODPDWHUQLWpGH2XDQJRORGRXJRX
'pYHORSSHUGHVVHUYLFHVFXOWXUHOVGDQVODFRPPXQHGHRXDQJRORGRXJRX
(TXLSHPHQWGXFHQWUHFXOWXUHOGH2XDQJRORGRXJRX
'pYHORSSHUO
HQVHLJQHPHQWSUppOpPHQWDLUHGDQVODFRPPXQHGHRXDQJRORGRXJRX
&RQVWUXFWLRQGHODPDWHUQHOOHGH)DUDNRUR
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODFRPPXQHGHRXDQJRORGRXJRX
&RQVWUXFWLRQGHVDOOHVGHFODVVHSOXVEXUHDXDXJURXSHVFRODLUH.RNR
&RQVWUXFWLRQGHVDOOHVGHFODVVHSOXVEXUHDXDXJURXSHVFRODLUH$YLDWLRQ
&RQVWUXFWLRQGHVDOOHVGHFODVVHEXUHDXDXJURXSHVFRODLUH&,'7
'pYHORSSHUODJHVWLRQGHVGpFKHWVGDQVODFRPPXQHGHRXDQJRORGRXJRX
$FKDWGHGH7ULF\FOHV$3=8SRXUO
HQOqYHPHQWGHVRUGXUHV
'pYHORSSHUOHVDXWUHVVHUYLFHVJpQpUDX[GDQVODFRPPXQHGHRXDQJRORGRXJRX
&RQVWUXFWLRQG
XQHVDOOHGHPDULDJHjO
K{WHOGHYLOOH
&RQVWUXFWLRQG
XQHUpVLGHQFHSRXUOHVHFUpWDLUHJpQpUDOGHODPDLULH
5pYLVLRQGXUpVHDX[pOHFWULTXHGHO
K{WHOGHYLOOH
&RPPXQHGH)DFREO\
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHIDFREO\
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH)DFREO\
,QYHVWLVVHPHQWV
'pYHORSSHUODGLVWULEXWLRQOHVHQWUHS{WVHWOHVPDJDVLQVGDQVODFRPPXQHGHIDFREO\
5HKDELOOLWDWLRQGXPDUFKpFHQWUDOGH)DFREO\
'pYHORSSHUO
DOLPHQWDWLRQHQHDXGDQVODFRPPXQHGHIDFREO\
([WHQVLRQGXUpVHDXG
HDXSRWDEOHGDQVODYLOOHGH)DFREO\
'pYHORSSHUOHVpTXLSHPHQWVFROOHFWLIVGDQVODFRPPXQHGHIDFREO\
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
$FTXLVLWLRQG
XQWHUUDLQGHTXDWUHKHFWDUHVSRXUODFRQVWLWXWLRQG
XQHUpVHUYHIRQFLqUH
'pYHORSSHUO
HQVHLJQHPHQWSUppOpPHQWDLUHGDQVODFRPPXQHGHIDFREO\
pFROHPDWHUQHOOHGH)DFREO\
'pYHORSSHUODJHVWLRQGHVGpFKHWVGDQVODFRPPXQHGHIDFREO\
$PpQDJHPHQWG
XQHGpFKDUJHPXQLFLSDOH
&RQVWUXFWLRQGHVL[GpS{WGHSUpFROOHFWHGDQVODYLOOHGH)DFREO\
'pYHORSSHUOHVDXWUHVVHUYLFHVJpQpUDX[GDQVODFRPPXQHGHIDFREO\
(TXLSHPHQWHQPRELOLHUGHEXUHDX[GHOD0DLUHGH)DFREO\
&RPPXQHGH%RXDNp
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH%RXDNp
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH%RXDNH
,QYHVWLVVHPHQWV
'pYHORSSHUOHVDXWUHVVHUYLFHVJpQpUDX[GDQVODFRPPXQHGHERXDNH
&RQVWUXFWLRQG
XQEkWLPHQWGHO
(WDWFLYLOj'DUHVVDODP
'pYHORSSHUOHVVHUYLFHVGHSROLFHGDQVODFRPPXQHGHERXDNH
&RQVWUXFWLRQGX&RPPLVVDULDWDYHFFO{WXUHGDQVOHTXDUWLHU'DUHVVDODPVLWHPDQJXHUDLV
'pYHORSSHUOHVpTXLSHPHQWVFROOHFWLIVGDQVODFRPPXQHGHERXDNH
/RWLVVHPHQWGHVTXDUWLHUVSUpFDLUHVGHODFRPPXQH.DEDXVLQH0LDQJDERXJRX7ROODNRXDGLRNUR
5pKDELOLWDWLRQGXFLPHWLqUHPXQLFLSDOGH%RXDNp
'pYHORSSHUGHVGLVSHQVDLUHVHWGHVPDWHUQLWpVGDQVODFRPPXQHGHERXDNH
&RQVWUXFWLRQGXFHQWUHGHVDQWpGXYLOODJHG
$QJDQNUR
5pKDELOLWDWLRQGXFHQWUHGHVDQWpGH/DQJEDVVRXGDQVODFRPPXQHGH%RXDNp
&RQVWUXFWLRQG
XQFHQWUHGHVDQWpGDQVOHYLOODJHGH*ROLNURGDQVODFRPPXQHGH%RXDNp
&RQVWUXFWLRQGXFHQWUHGHVDQWpGH7ROODNRXDGLRNURGDQVODFRPPXQHGH%RXDNp
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODFRPPXQHGHERXDNH
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
&RQVWUXFWLRQG
XQHpFROHSULPDLUHGHWURLVFODVVHVSOXVEXUHDXGLUHFWHXUHWXQHODWULQHGHTXDWUHFDELQHVGDQVOHYLOODJHGH*ROLNUR
$FTXLVLWLRQGHPLOOHWDEOHVEDQFVSRXUOHVpFROHVSULPDLUHVGHODFRPPXQH(33H[ILOOH(337ROODNRXDGLRNUR(33$KRXJQDQVRX(33
'RKRXQGRXJRXED
5pKDELOLWDWLRQGHO
pFROHSULPDLUHSXEOLTXHFODVVHVGH'DUHVVDODPVLWHPDQJXHUDLV
5pKDELOLWDWLRQGHO
pFROHSULPDLUHSXEOLTXHFODVVHVGH'MpWRXDQNURGDQVODFRPPXQHGH%RXDNp
'pYHORSSHUGHVVHUYLFHVFXOWXUHOVGDQVODFRPPXQHGHERXDNH
5pKDELOLWDWLRQGXIR\HUGHVMHXQHVGH.RNR5HXWLOLJHQGDQVODFRPPXQHGH%RXDNp
'pYHORSSHUOHVWUDQVSRUWVURXWLHUVGDQVODFRPPXQHGHERXDNH
&RQVWUXFWLRQGHGDORWDYHFXQHVHFWLRQGHHWFRPSDUWLPHQWXQLTXHHQWUH*ROLNURHW$QGRVVDNDVVRXGDQVODFRPPXQHGH%RXDNp
5HSURILODJHORXUGGH.PGHVYRLULHVXUEDLQHVHQWHUUHGHODFRPPXQH9RLHSULQFLSDOHTXDUWLHUPDUFRU\ NP9RLHFHLQWXUHGXPDUFKpGH
OD]RQH NP9RLHSULQFLSDOH2OLHQRX NP9RLHSULQFLSDOH*ROLNUR NP9RLHSULQFLSDOH.RQJRXrNUR NP9RLHDLUIUDQFHSKDUPDFLH$\DWD
DXFRUULGRUVXG NP
'pYHORSSHUODGLVWULEXWLRQOHVHQWUHS{WVHWOHVPDJDVLQVGDQVODFRPPXQHGHERXDNH
&RQVWUXFWLRQGHWUHQWHPDJDVLQVGDQVOHPDUFKpVHFRQGDLUHGXTXDUWLHUGHOD=RQHGDQVODFRPPXQHGH%RXDNp
&RPPXQHGH.RQJ
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH.RQJ
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH.RQJ
,QYHVWLVVHPHQWV
'pYHORSSHUOHVDXWUHVVHUYLFHVJpQpUDX[GDQVODFRPPXQHGH.RQJ
$FKDWGHPDWpULHOVHWRXWLOODJHSRXUOHVHUYLFHWHFKQLTXH
$FKDWG
XQYpKLFXOHGHOLDLVRQGXVHUYLFHILQDQFLHUGHODPDLULH
'pYHORSSHUOHVWUDQVSRUWVURXWLHUVGDQVODFRPPXQHGH.RQJ
5HSURILODJHORXUGGHWURLVNPGHVUXHVGHODYLOOHGHNRQJ
'pYHORSSHUODGLVWULEXWLRQOHVHQWUHS{WVHWOHVPDJDVLQVGDQVODFRPPXQHGH.RQJ
&RQVWUXFWLRQGHTXLQ]HPDJDVLQVHWWURLVNLRVTXHVjODJDUHURXWLqUH
5pKDELOLWDWLRQGHO
DEDWWRLUPXQLFLSDOGH.RQJ
'pYHORSSHUGHVGLVSHQVDLUHVHWGHVPDWHUQLWpVGDQVODFRPPXQHGH.RQJ
5pKDELOLWDWLRQGXFHQWUHGHVDQWp5XUDOGH0DQRJRWD
&RPPXQHGH1DVVLDQ
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHQDVVLDQ
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH1DVVLDQ
,QYHVWLVVHPHQWV
'pYHORSSHUOHVDXWUHVVHUYLFHVJpQpUDX[GDQVODFRPPXQHGHQDVVLDQ
&RQVWUXFWLRQGXORJHPHQWGHIRQFWLRQGX6HFUpWDLUH*pQpUDOGHOD0DLULH
'pYHORSSHUO
DJULFXOWXUHGDQVODFRPPXQHGHQDVVLDQ
&RQVWUXFWLRQG
XQSDUFjEpWDLO
'pYHORSSHUOHORJHPHQWGDQVODFRPPXQHGHQDVVLDQ
&RQVWUXFWLRQG
XQORJHPHQWVRFLDOj7RXQJER<DJD
'pYHORSSHUO
DOLPHQWDWLRQHQHDXGDQVODFRPPXQHGHQDVVLDQ
,QVWDOODWLRQG
XQHSRPSH+9$j6LQGp$QYq\R
'pYHORSSHUGHVGLVSHQVDLUHVHWGHVPDWHUQLWpVGDQVODFRPPXQHGHQDVVLDQ
&RQVWUXFWLRQG
XQGLVSHQVDLUHj3RXPGDQVODFRPPXQHGH1DVVLDQ
&RQVWUXFWLRQG
XQORJHPHQWG
LQILUPLHUj%RQGR\R
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODFRPPXQHGHQDVVLDQ
&RQVWUXFWLRQG
XQHFDQWLQHVFRODLUHj/RQJRJDUD
&RPPXQHGH2XDQLQRX
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHRXDQLQRX
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH2XDQLQRX
,QYHVWLVVHPHQWV
'pYHORSSHUOHVVHUYLFHVGHSROLFHGDQVODFRPPXQHGHRXDQLQRX
&RQVWUXFWLRQG
XQFRPPLVVDULDWGHSROLFHj2XDQLQRX
'pYHORSSHUOHVWUDQVSRUWVURXWLHUVGDQVODFRPPXQHGHRXDQLQRX
5HSURILODJHORXUGGHVYRLULHVGH2DXQLQRXNP
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
'pYHORSSHUGHVVHUYLFHVFXOWXUHOVGDQVODFRPPXQHGHRXDQLQRX
&RQVWUXFWLRQG
XQIR\HUGHMHXQHVj7LULNRUR
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODFRPPXQHGHRXDQLQRX
$FTXLVLWLRQGHGHX[FHQWFLQTXDQWHWDEOHVEDQFVSRXUOHJURXSHVFRODLUHGH2XDQLQRX
5pKDELOLWDWLRQGHGL[KXLWVDOOHVGHFODVVHVWURLVEXUHDX[DXJURXSHVFRODLUHGH2XDQLQRX
'pYHORSSHUOHVDXWUHVVHUYLFHVJpQpUDX[GDQVODFRPPXQHGHRXDQLQRX
&RQVWUXFWLRQGHODFO{WXUHGHODPDLULHGH2XDQLQRX
'pYHORSSHUODJHVWLRQGHVGpFKHWVGDQVODFRPPXQHGHRXDQLQRX
$FKDWG
XQHEHQQHSRXUOHVVHUYLFHVWHFKQLTXHVGHODPDLULHGH2XDQLQRX
&RPPXQHGH.RQJDVVR
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHNRQJDVVR
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH.RQJDVVR
,QYHVWLVVHPHQWV
'pYHORSSHUOHVVHUYLFHVGHSROLFHGDQVODFRPPXQHGHNRQJDVVR
5pKDELOLWDWLRQGXSRVWHGH*HQGDUPHULHGH.21*$662
'pYHORSSHUODGLVWULEXWLRQOHVHQWUHS{WVHWOHVPDJDVLQVGDQVODFRPPXQHGHNRQJDVVR
&RQVWUXFWLRQG
XQKDQJDUDXPDUFKpGH)2$1*$
&RQVWUXFWLRQGHGL[PDJDVLQVj.21*$662TXDUWLHUFRPPHUFH
'pYHORSSHUO
DOLPHQWDWLRQHQHDXGDQVODFRPPXQHGHNRQJDVVR
&RQVWUXFWLRQGHSRPSHVK\GUDXOLTXHVDPHOLRUpHVGDQVGL[YLOODJHVGHODFRPPXQH
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODFRPPXQHGHNRQJDVVR
&RQVWUXFWLRQGHWURLVFODVVHVEXUHDXjO¢(33.21*$662,,
&RQVWUXFWLRQG¢XQH(FROH3ULPDLUHj*%(0$FODVVHVEXUHDX
&RQVWUXFWLRQG¢XQH(FROH3ULPDLUHj72)(662FODVVHVEXUHDX
$FTXLVLWLRQGHWDEOHVEDQFVjO¢(337,(1,*%(.$9$*280$
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
$FTXLVLWLRQGHWDEOHVEDQFVjO¢(331,1,1.5,6662
&RPPXQHGH.RNRXPER
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHNRNXPER
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH.RNXPER
,QYHVWLVVHPHQWV
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODFRPPXQHGHNRNXPER
&RQVWUXFWLRQG
XQEkWLPHQWGHFODVVHVEXUHDXjO
(33.SOpVVRX.RNXPER
'pYHORSSHUO
HQVHLJQHPHQWSUppOpPHQWDLUHGDQVODFRPPXQHGHNRNXPER
&RQVWUXFWLRQG
XQHpFROHSUpVFRODLUHPXQLFLSDOHjNRNXPER
'pYHORSSHUOHORJHPHQWGDQVODFRPPXQHGHNRNXPER
&RQVWUXFWLRQGHTXDWUHORJHPHQWVVRFLDX[j.RNXPER
'pYHORSSHUOHVpTXLSHPHQWVFROOHFWLIVGDQVODFRPPXQHGHNRNXPER
&RQVWUXFWLRQGHODFO{WXUHGHOD0RUJXH0XQLFLSDOHGH.RNXPER
&RPPXQHGH7LHQLQJERXp
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHWLpQLQJERXp
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH7LHQLQJERXH
,QYHVWLVVHPHQWV
'pYHORSSHUODGLVWULEXWLRQOHVHQWUHS{WVHWOHVPDJDVLQVGDQVODFRPPXQHGHWLpQLQJERXp
5pKDELOLWDWLRQGHODERXFKHULHGH7LHQLQJERXH
'pYHORSSHUO
DOLPHQWDWLRQHQHDXGDQVODFRPPXQHGHWLpQLQJERXp
([WHQVLRQGXUpVHDXG¢DGGXFWLRQG¢HDXSRWDEOHDX[TXDUWLHUV'RXJRXPDWR5pVLGHQWLHO)RQFWLRQQDLUHVHW6ROLEDGH7LpQLQJERXp
$FTXpULUGHVDSSDUHLOVHWGXPDWpULHOWKpUDSHXWLTXHGDQVODFRPPXQHGHWLpQLQJERXp
(TXLSHPHQWHQPDWpULHOVWHFKQLTXHVGXEORFRSpUDWRLUHGX&HQWUHGH6DQWp8UEDLQGH7LpQLQJERXp
'pYHORSSHUGHVVHUYLFHVFXOWXUHOVGDQVODFRPPXQHGHWLpQLQJERXp
&RQVWUXFWLRQGHODFO{WXUHGXGRUWRLUGXIR\HUGHVMHXQHVGH7LpQLQJERXp
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODFRPPXQHGHWLpQLQJERXp
&RQVWUXFWLRQG
XQEkWLPHQWGHWURLVFODVVHVEXUHDXODWULQHVj*%$*$2
&RQVWUXFWLRQG
XQEkWLPHQWGHWURLVFODVVHVEXUHDXODWULQHVj1,$17,%2
&RPPXQHG
$WWLpJRXDNUR
7UDQVIHUWV
DWWLHJRXDNUR
$WWLHJRXDNUR
,QYHVWLVVHPHQWV
DWWLHJRXDNUR
$FTXLVLWLRQG
XQYpKLFXOHGHW\SH[GRXEOHFDELQHSRXUOHVVHUYLFHVPXQLFLSDX[
DWWLHJRXDNUR
$GUHVVDJHGHVUXHVGHVYLOODJHVGHOD&RPPXQHG
$WWLpJRXDNUR
DWWLHJRXDNUR
&RQVWUXFWLRQG
XQPDUFKpFRXYHUWGDQVODFRPPXQHG
$WWLpJRXDNURSODFHV
'pYHORSSHUOHORJHPHQWGDQVODFRPPXQHG
DWWLHJRXDNUR
&RQVWUXFWLRQG
XQORJHPHQWVRFLDOj0DKRXQRX1DQDQIRXq
'pYHORSSHUO
DWWLHJRXDNUR
([WHQVLRQGXUpVHDXG
DGGXFWLRQG
HDXSRWDEOHGDQVOD&RPPXQHG
$WWLpJRXDNURPO
'pYHORSSHUO
pFODLUDJHSXEOLFGDQVODFRPPXQHG
DWWLHJRXDNUR
([WHQVLRQGXUpVHDXpOHFWULTXHGDQVOD&RPPXQHG
$WWLpJRXDNURSRWHDX[
&RPPXQHGH6DPDWLJXLOD
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHVDPDWLJXLOD
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH6DPDWLJXLOD
,QYHVWLVVHPHQWV
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODFRPPXQHGHVDPDWLJXLOD
5pKDELOLWDWLRQGHGRX]HFODVVHVWURLVEXUHDX[DX[(33HW,9GH6DPDWLJXLOD
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
'pYHORSSHUOHVpTXLSHPHQWVFROOHFWLIVGDQVODFRPPXQHGHVDPDWLJXLOD
(TXLSHPHQWGHO
XQLWpGHSURGXFWLRQG
DWWLpNpGH6DPDWLJXLODHQPDFKLQHVGHWUDQVIRUPDWLRQGHPDQLRFFRPSUHQDQWEUR\HXUjPDQLRF
HVVRUHXVHSRXUSDWHGHPDQLRFVHPRXOHXUG
DWWLpNpjNJKGHSDWHXQLWpGHFXLVVRQjYDSHXUHWVpFKRLUVHUUHORQJXHUHWODUJHXUP
'pYHORSSHUODGLVWULEXWLRQOHVHQWUHS{WVHWOHVPDJDVLQVGDQVODFRPPXQHGHVDPDWLJXLOD
&RQVWUXFWLRQGHO
DEDWWRLUPXQLFLSDOGH6DPDWLJXLOD
&RPPXQHGH'MpERQRXD
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHGMHERQRXD
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH'MpERQRXD
,QYHVWLVVHPHQWV
'pYHORSSHUOHVDXWUHVVHUYLFHVJpQpUDX[GDQVODFRPPXQHGHGMHERQRXD
(TXLSHPHQWGHVORFDX[GHODPDLULHHQJURXSHpOHFWURJqQH.9$DYHFGLVSRVLWLIGHUHODLVDXWRPDWLTXH
'pYHORSSHUOHVWUDQVSRUWVURXWLHUVGDQVODFRPPXQHGHGMHERQRXD
7UDYDX[G
RXYHUWXUHHWGHUHFKDUJHPHQWOpJHUGHYRLULHVj'MpERQRXDHW%pKRXNUR
'pYHORSSHUODGLVWULEXWLRQOHVHQWUHS{WVHWOHVPDJDVLQVGDQVODFRPPXQHGHGMHERQRXD
&RQVWUXFWLRQG
XQEkWLPHQWFRPSUHQDQWGL[PDJDVLQVGDQVODYLOOHGH'MpERQRXD
'pYHORSSHUOHWRXULVPHGDQVODFRPPXQHGHGMHERQRXD
$PpQDJHPHQWGHODUpVHUYHIRUHVWLqUHGH*RPRHQVLWHWRXULVWLTXH
'pYHORSSHUODJHVWLRQGHVGpFKHWVGDQVODFRPPXQHGHGMHERQRXD
$FTXLVLWLRQGHWURLVEDFVjRUGXUHPRELOHVSRXU'MpERQRXD
$FTXLVLWLRQG¢XQWUDFWHXUGHUDPDVVDJHG¢RUGXUHV
'pYHORSSHUOHORJHPHQWGDQVODFRPPXQHGHGMHERQRXD
&RQVWUXFWLRQG¢XQORJHPHQWVRFLDOGDQVODYLOOHGH'MpERQRXD
'pYHORSSHUOHVpTXLSHPHQWVFROOHFWLIVGDQVODFRPPXQHGHGMHERQRXD
7UDYDX[GHORWLVVHPHQWGHORWVj7ROODWDQRXNUR
1XPpULVDWLRQGXSODQGHORWLVVHPHQWGH'MpERQRXD
'pYHORSSHUGHVGLVSHQVDLUHVHWGHVPDWHUQLWpVGDQVODFRPPXQHGHGMHERQRXD
&RQVWUXFWLRQG¢XQORJHPHQWVRFLDOjXVDJHG¢KDELWDWLRQSRXUOHVDJHQWVGHVDQWpGH.RQ]R
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
'pYHORSSHUGHVVHUYLFHVFXOWXUHOVGDQVODFRPPXQHGHGMHERQRXD
&RQVWUXFWLRQGHODFO{WXUHGXIR\HUGHVMHXQHVGH'MpERQRXD
'pYHORSSHUGHVVHUYLFHVUpFUpDWLIVHWVSRUWLIVGDQVODFRPPXQHGHGMHERQRXD
&RQVWUXFWLRQG¢XQFRPSOH[HVSRUWLIGDQVODYLOOHGH'MpERQRXD
$FTXLVLWLRQG¢pTXLSHPHQWVSRXUOHFRPSOH[HVSRUWLIGH'MpERQRXD
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODFRPPXQHGHGMHERQRXD
&RQVWUXFWLRQG
XQEkWLPHQWGHWURLVFODVVHVHWXQEXUHDXjO
(336qVVqNUR
&RPPXQHGH*XLQWpJXHOD
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHJXLQWHJXHOD
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH*XLQWpJXpOD
,QYHVWLVVHPHQWV
'pYHORSSHUO
K{WHOOHULHHWODUHVWDXUDWLRQGDQVODFRPPXQHGHJXLQWHJXHOD
&RQVWUXFWLRQG
XQEkWLPHQWGHFLQTFKDPEUHVjO
DXEHUJHPXQLFLSDOH
'pYHORSSHUODGLVWULEXWLRQOHVHQWUHS{WVHWOHVPDJDVLQVGDQVODFRPPXQHGHJXLQWHJXHOD
&RQVWUXFWLRQG
XQHDLUHG
DEDWWDJHPXQLFLSDOH
$FTXLVLWLRQGHGHX[WULF\FOHVSRXUOHWUDQVSRUWGHODYLDQGHG
DEDWWDJH
&RQVWUXFWLRQGHPDJDVLQVDXPDUFKp
&RQVWUXFWLRQG
XQEORFGHODWULQHVDXPDUFKp
'pYHORSSHUOHVWUDQVSRUWVURXWLHUVGDQVODFRPPXQHGHJXLQWHJXHOD
5pSURILODJHORXUGGHO
D[HURXWLHU*XLQWHJXHOD7LHQIRXNP
2XYHUWXUHGHYRLHVDXTXDUWLHU$QWHQQHNP
2XYHUWXUHGHYRLHVDXTXDUWLHU/\FpHNP
'pYHORSSHUGHVGLVSHQVDLUHVHWGHVPDWHUQLWpVGDQVODFRPPXQHGHJXLQWHJXHOD
&RQVWUXFWLRQG
XQFHQWUHGHVDQWpUXUDO&65j7LHQIRXYLOODJHGHODFRPPXQH
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODFRPPXQHGHJXLQWHJXHOD
&RQVWUXFWLRQG
XQEkWLPHQWGHWURLVVDOOHVGHFODVVHXQEXUHDXHWTXDWUHODWULQHVj)DPD
'pYHORSSHUOHVVHUYLFHVGHSROLFHGDQVODFRPPXQHGHJXLQWHJXHOD
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
5pKDELOLWDWLRQGHVORFDX[HWFRQVWUXFWLRQGHODFO{WXUHGHODEULJDGHGHJHQGDUPHULHGH*XLQWpJXpOD
&RPPXQHGH$OpSp
7UDQVIHUWV
DOHSH
$OHSH
,QYHVWLVVHPHQWV
$OpSp
&RQVWUXFWLRQGHTXLQ]HPDJDVLQVDXPDUFKpGH0RQWp]R
&RQVWUXFWLRQG
XQPDUFKpj$EURWFK\
$OpSp
2XYHUWXUHGHVYRLHVDX[QRXYHDX[TXDUWLHUVGH0RQWp]R
'pYHORSSHUO
$OpSp
([WHQVLRQGXUpVHDXG
HDXSRWDEOHDX[QRXYHDX[TXDUWLHUVG
$OpSp
'pYHORSSHUO
$OpSp
([WHQVLRQGXUpVHDXpOHFWULTXHDX[TXDUWLHUV$EDWWRLUHW&RPRp([WHQVLRQG
$/(3(
([WHQVLRQGXUpVHDXpOHFWULTXHDX[QRXYHDX[TXDUWLHUVG
,QJUDNRQ
([WHQVLRQGXUpVHDXpOHFWULTXHGDQVODYLOOHG
$OpSpHWDXTXDUWLHU,WDOLHGXYLOODJHGH0RQJD
'pYHORSSHUO
$OpSp
&RQVWUXFWLRQGHTXDWUHVDOOHVGHFODVVHVWRLOHWWHHWFO{WXUHDXTXDUWLHU&RPRpG
$OpSp
'pYHORSSHUGHVVHUYLFHVFXOWXUHOVGDQVODFRPPXQHG
$OpSp
$OpSp
&RPPXQHGH%RWUR
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH%RWUR
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH%RWUR
,QYHVWLVVHPHQWV
'pYHORSSHUOHVDXWUHVVHUYLFHVJpQpUDX[GDQVODFRPPXQHGHERWUR
5pKDELOLWDWLRQGXEkWLPHQWSULQFLSDOGHOD0DLULHGH%RWUR
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
'pYHORSSHUOHVWUDQVSRUWVURXWLHUVGDQVODFRPPXQHGHERWUR
5HSURILODJHORXUGGDQVODYLOOHGH%RWUR.PTXDUWLHUV.DQHW5pVLGHQWLHO$[HUpVLGHQFHGX0DLUH$XEHUJHGH%RWURNP$[H
UpVLGHQFH6*3UpIHFWXUHULYLqUHNDQNP$[HUpVLGHQFH3UpIHW(JOLVH&0$GH%RWURNP$[H&DUUHIIRXU21*(JOLVH&0$GH%RWURNP
'pYHORSSHUGHVGLVSHQVDLUHVHWGHVPDWHUQLWpVGDQVODFRPPXQHGHERWUR
&RQVWUXFWLRQG
XQSUpDXDEULGHYDFFLQDWLRQDXFHQWUHGHVDQWpXUEDLQGH%RWUR
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODFRPPXQHGHERWUR
&RQVWUXFWLRQG
(337DNUD0DQJRXDNUR
'pYHORSSHUODSUpVHUYDWLRQGHODGLYHUVLWpELRORJLTXHHWODSURWHFWLRQGHODQDWXUHGDQVODFRPPXQHGHERWUR
$PpQDJHPHQWG
HVSDFHYHUWjO
HQWUpHGH%RWURHWGHYDQWOD0DLULH
&RPPXQHGH*DJQRD
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH*DJQRD
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH*DJQRD
,QYHVWLVVHPHQWV
'pYHORSSHUOHVDXWUHVVHUYLFHVJpQpUDX[GDQVODFRPPXQHGH*DJQRD
5pKDELOLWDWLRQHWFO{WXUHGXKDOOG
LQIRUPDWLRQ
$FKDWG
XQEXOGR]HUXQFRPSDFWHXUHWG
XQHQLYHOHXVHUHSURILODJHRXYHUWXUHGHYRLHV
'pYHORSSHUOHVWUDQVSRUWVURXWLHUVGDQVODFRPPXQHGH*DJQRD
,QVWDOODWLRQGHIHX[WULFRORUHVHWDFTXLVLWLRQGHSDQQHDX[GHVLJQDOLVDWLRQDX[FDUUHIRXUVURQGSRLQWGH'LRXODERXJRXPDLULH3UpIHFWXUHGHSROLFH
DX[FDUUHIRXUVURQGSRLQWGH'LRXODERXJRXPDLULHSUpIHFWXUHGHSROLFHURQGSRLQW%DEUpFDUUHIRXUEVFDUUHIRXU1'$FDUUHIRXUGLVSHQVDLUH
5HFKDUJHPHQWGHYRLHVNPDXTXDUWLHU'HOERK
'pYHORSSHUODGLVWULEXWLRQOHVHQWUHS{WVHWOHVPDJDVLQVGDQVODFRPPXQHGH*DJQRD
5pKDELOLWDWLRQHWFO{WXUHGHO
DEDWWRLUPXQLFLSDO
$FTXpULUGHVDSSDUHLOVHWGXPDWpULHOWKpUDSHXWLTXHGDQVODFRPPXQHGH*DJQRD
(TXLSHPHQWGXFHQWUHGHVDQWpLQWpJUpGH'HOERKHQPDWpULDX[ELRPpGLFDX[
'pYHORSSHUGHVGLVSHQVDLUHVHWGHVPDWHUQLWpVGDQVODFRPPXQHGH*DJQRD
5pDOLVDWLRQGHODFO{WXUHGXFHQWUHGHVDQWpLQWpJUpGH'(/%2+
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODFRPPXQHGH*DJQRD
&RQVWUXFWLRQG
pFROHSULPDLUHGH'HOERK
&RQVWUXFWLRQG
XQQRXYHDXEkWLPHQWGHWURLVFODVVHVEXUHDXODWULQHVjO
pFROHSULPDLUHGH'HOERK
&RPPXQHGH6DNDVVRX
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHVDNDVVRX
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH6DNDVVRX
,QYHVWLVVHPHQWV
'pYHORSSHUOHVVHUYLFHVGHSROLFHGDQVODFRPPXQHGHVDNDVVRX
&RQVWUXFWLRQGHODFO{WXUHGXFRPPLVVDULDWGHSROLFHj6DNDVVRX
'pYHORSSHUOHVWUDQVSRUWVURXWLHUVGDQVODFRPPXQHGHVDNDVVRX
5HSURILODJHORXUGGHNPGHYRLHGHOD&RPPXQHGH6DNDVVRXD[HpFROH(67ILQORWLVVHPHQWGH5pVLGHQWLHONPUXHRSSRVpHjO
pFROH
(67URXWHG
$GMpNURNPK{SLWDOGHVV¢XUVILQORWLVVHPHQWUpVLGHQWLHONPGRPDLQHSULYp.RIIL$KRXURXWHG
$GMpNURNPUXHV
VHFRQGDLUHVGHTXDUWLHUUpVLGHQWLHONPSUpIHFWXUH1
]RNRVVRXNP
3RVHGHEXVHVVXUO
D[HFRFRWLHUFROOqJH.*DXTXDUWLHU5pVLGHQWLHO
'pYHORSSHUODGLVWULEXWLRQOHVHQWUHS{WVHWOHVPDJDVLQVGDQVODFRPPXQHGHVDNDVVRX
&RQVWUXFWLRQGHGL[PDJDVLQVjODJDUHGH6DNDVVRX
&RQVWUXFWLRQGHVL[PDJDVLQVDXPDUFKpGH6DNDVVRX
5pKDELOLWDWLRQGHWURLVKDQJDUVDXPDUFKpGH6DNDVVRX
5pKDELOLWDWLRQGHO
DEDWWRLUPXQLFLSDO
'pYHORSSHUODJHVWLRQGHVGpFKHWVGDQVODFRPPXQHGHVDNDVVRX
5pKDELOLWDWLRQGHODGpFKDUJHGHVRUGXUHVPpQDJqUHV
'pYHORSSHUGHVGLVSHQVDLUHVHWGHVPDWHUQLWpVGDQVODFRPPXQHGHVDNDVVRX
&RQVWUXFWLRQGXORJHPHQWGHO
LQILUPLHUGH<DEODVVRX
&RQVWUXFWLRQG
XQHPDUWHUQLWpj$QGRERDOOXLER
&RQVWUXFWLRQG
XQHPDWHUQLWpj.DQDQJR.SOLGDQVODFRPPXQHGH6DNDVVRX
&RQVWUXFWLRQG
XQGLVSHQVDLUHj$GMRXJRXDQVRXGDQVODFRPPXQHGH6DNDVVRX
&RQVWUXFWLRQG
XQGLVSHQVDLUHj*{OLEOpQRXGDQVODFRPPXQHGH6DNDVVRX
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
'pYHORSSHUGHVVHUYLFHVFXOWXUHOVGDQVODFRPPXQHGHVDNDVVRX
5pKDELOLWDWLRQGXFHQWUHFXOWXUHOGH6DNDVVRX
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODFRPPXQHGHVDNDVVRX
&RQVWUXFWLRQGHWURLVFODVVHVjORPRSRNRXDVVLNUR
&RQVWUXFWLRQGHWURLVFODVVHVjNSDQLJRNUR
&RQVWUXFWLRQG
XQHpFROHSULPDLUHGHWURLVFODVVHVj)RQYRQRX
'pYHORSSHUO
HQVHLJQHPHQWSUppOpPHQWDLUHGDQVODFRPPXQHGHVDNDVVRX
&RQVWUXFWLRQG
XQHpFROHPDWHUQHOOHFODVVHVEXUHDX[HWXQHODWULQHGHFDELQHVDXTXDUWLHU(67GH6DNDVVRX
'pYHORSSHUOHVDXWUHVVHUYLFHVJpQpUDX[GDQVODFRPPXQHGHVDNDVVRX
5pKDELOLWDWLRQGHODGpFKDUJHGHVRUGXUHVPpQDJqUHVGH6DNDVVRX
&RPPXQHGH6LUDVVR
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHVLUDVVR
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH6LUDVVR
,QYHVWLVVHPHQWV
'pYHORSSHUOHVVHUYLFHVGHSROLFHGDQVODFRPPXQHGHVLUDVVR
(TXLSHPHQWVLQIRUPDWLTXHVGHOD%ULJDGHGH*HQGDUPHULHGHVLUDVVR
'pYHORSSHUOHVWUDQVSRUWVURXWLHUVGDQVODFRPPXQHGHVLUDVVR
2XYHUWXUHGHYRLHVDXTXDUWLHUVWDGHH[WHQVLRQPqWUHVOLQpDLUH
'pYHORSSHUO
pFODLUDJHSXEOLFGDQVODFRPPXQHGHVLUDVVR
7UDYDX[G
H[WHQVLRQpOHFWULTXH+7$%7$(3DXTXDUWLHUO\FpHHWVWDGHH[WHQVLRQGH6LUDVVR
'pYHORSSHUOHVpTXLSHPHQWVFROOHFWLIVGDQVODFRPPXQHGHVLUDVVR
5pKDELOLWDWLRQGXFHQWUH0pGLFRVFRODLUH&668GH6LUDVVR
&RQVWUXFWLRQGHODFO{WXUHGXFHQWUH0pGLFRVFRODLUH&668GH6LUDVVR
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODFRPPXQHGHVLUDVVR
5pKDELOLWDWLRQGXEkWLPHQW%WURLVFODVVHVGHO
(33GH6LUDVVR
(TXLSHPHQWHQPRELOLHUVVFRODLUHVGHO
(33HWO
(33GH6LUDVVRWDEOHVEDQFVSODFDUGVWDEOHVHWFKDLVHVHQVHLJQDQW
&RQVWUXFWLRQGHFLQTEORFVODWULQHVGHTXDWUHFDELQHVFKDFXQGDQVTXDWUHpFROHVSULPDLUHV(33HW(331DQJEUpNDKDGHODFRPPXQHGH
6LUDVVR
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
&RPPXQHGH%RRNR
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH%RRNR
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH%RRNR
,QYHVWLVVHPHQWV
'pYHORSSHUOHVVHUYLFHVGHSROLFHGDQVODFRPPXQHGHERRNR
&RQVWUXFWLRQGHODFO{WXUHGHODJHQGDUPHULHGH%RRNR
'pYHORSSHUOHVWUDQVSRUWVURXWLHUVGDQVODFRPPXQHGHERRNR
2XYHUWXUHGHVYRLHVj0HPDQGRXJRXGHGHX[NP
'pYHORSSHUODGLVWULEXWLRQOHVHQWUHS{WVHWOHVPDJDVLQVGDQVODFRPPXQHGHERRNR
&RQVWUXFWLRQG
XQDEDWWRLUPRGHUQHj%RRNR
'pYHORSSHUO
DOLPHQWDWLRQHQHDXGDQVODFRPPXQHGHERRNR
5pDOLVDWLRQGHGHX[IRUDJHVK\GUDXOLTXHj*EDQDGRXJRXHWj7DPDGRXJRX
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODFRPPXQHGHERRNR
$FTXLVLWLRQGHWDEOHVEDQFVSRXUO
(336DJEDQLNUR(33'LDOD(33'LDELVVHGRXJRX(331LDPDQGRXJRX
5pKDELOLWDWLRQGHWURLVVDOOHVGHFODVVHjO
(33'LHQJXpUp
&RQVWUXFWLRQGHODFO{WXUH(33%RRNR
&RPPXQHGH9DYRXD
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHYDYRXD
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH9DYRXD
,QYHVWLVVHPHQWV
'pYHORSSHUOHVDXWUHVVHUYLFHVJpQpUDX[GDQVODFRPPXQHGHYDYRXD
,QIRUPDWLVDWLRQGHO
pWDWFLYLOHWGHV6HUYLFHV)LQDQFLHUVGHOD&RPPXQHGH9DYRXD
'pYHORSSHUODGLVWULEXWLRQOHVHQWUHS{WVHWOHVPDJDVLQVGDQVODFRPPXQHGHYDYRXD
&RQVWUXFWLRQGHPDJDVLQVGHFRPPHUFHDX[DERUGVGHODJDUHURXWLqUHGH9DYRXD
'pYHORSSHUOHVWUDQVSRUWVURXWLHUVGDQVODFRPPXQHGHYDYRXD
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
5HFKDUJHPHQWGHYRLHVGHNPVGDQVOD&RPPXQHGH9DYRXD
'pYHORSSHUOHORJHPHQWGDQVODFRPPXQHGHYDYRXD
5pKDELOLWDWLRQGXVWDGHPXQLFLSDOGH9$928$
'pYHORSSHUO
DOLPHQWDWLRQHQHDXGDQVODFRPPXQHGHYDYRXD
(TXLSHPHQWGHTXLQ]HIRUDJHVHQSRPSHVRODLUHGDQVOHVYLOODJHVHWFDPSHPHQWVGHODFRPPXQHGH9$928$
'pYHORSSHUO
pFODLUDJHSXEOLFGDQVODFRPPXQHGHYDYRXD
([WHQVLRQGXUpVHDXpOHFWULTXHj=28$%,%$+
'pYHORSSHUGHVGLVSHQVDLUHVHWGHVPDWHUQLWpVGDQVODFRPPXQHGHYDYRXD
&RQVWUXFWLRQG
XQFHQWUHGHVDQWpXUEDLQj'qPD
'pYHORSSHUGHVVHUYLFHVFXOWXUHOVGDQVODFRPPXQHGHYDYRXD
&RQVWUXFWLRQGHODFO{WXUHGXIR\HUGHVMHXQHV+8$%28$GHODFRPPXQHGH9$928$
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODFRPPXQHGHYDYRXD
5HSULVHGHODFKDUSHQWHFRXYHUWXUHG
XQEkWLPHQWGHWURLVVDOOHVGHFODVVHVHWXQEXUHDXDX*URXSH6FRODLUHGH9$928$
'pYHORSSHUO
HQVHLJQHPHQWSUppOpPHQWDLUHGDQVODFRPPXQHGHYDYRXD
&RQVWUXFWLRQGHODFO{WXUHGHODPDWHUQHOOHGX*URXSH6FRODLUHGH9$928$
&RPPXQHGH.RXWR
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHNRXWR
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH.RXWR
,QYHVWLVVHPHQWV
'pYHORSSHUOHVWUDQVSRUWVURXWLHUVGDQVODFRPPXQHGHNRXWR
$PpQDJHPHQWG
XQHJDUHURXWLqUHj.RXWR
2XYHUWXUHGHUXHGDQVOHVORWLVVHPHQWVUpDOLVpVNP
'pYHORSSHUO
K{WHOOHULHHWODUHVWDXUDWLRQGDQVODFRPPXQHGHNRXWR
(TXLSHPHQWGHO
$XEHUJHPXQLFLSDOHj.RXWR
&RQVWUXFWLRQG
XQH$XEHUJHPXQLFLSDOHj.RXWR
'pYHORSSHUOHVpTXLSHPHQWVFROOHFWLIVGDQVODFRPPXQHGHNRXWR
(PEHOOLVVHPHQWGHVDUWqUHVGHODYLOOHGH.RXWR
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
'pYHORSSHUGHVVHUYLFHVFXOWXUHOVGDQVODFRPPXQHGHNRXWR
&RQVWUXFWLRQG
XQIR\HUGHMHXQHVj7LPERURQL
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODFRPPXQHGHNRXWR
&RQVWUXFWLRQG
pFROHSULPDLUHSXEOLTXH%R\R
&RQVWUXFWLRQG
XQEkWLPHQWGHWURLVFODVVHVj0DUFRXVVLV.RXWR
&RPPXQHGH'DQDQp
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHGDQDQH
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH'DQDQp
,QYHVWLVVHPHQWV
'pYHORSSHUODGLVWULEXWLRQOHVHQWUHS{WVHWOHVPDJDVLQVGDQVODFRPPXQHGHGDQDQH
&RQVWUXFWLRQG
XQDEDWWRLUPXQLFLSDOPRGHUQHDYHFTXDWUHSRVWHVGHWUDYDLO
'pYHORSSHUODJHVWLRQGHVGpFKHWVGDQVODFRPPXQHGHGDQDQH
$FTXLVLWLRQG
XQWUDFWHXUFYSOXVFKDQJHXUIURQWDOpTXLSpG
XQHEHQQHUHPRUTXHGHVL[URXHV
'pYHORSSHUGHVGLVSHQVDLUHVHWGHVPDWHUQLWpVGDQVODFRPPXQHGHGDQDQH
&RQVWUXFWLRQG
XQGLVSHQVDLUHj*RXDOHX
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODFRPPXQHGHGDQDQH
&RQVWUXFWLRQG
XQEkWLPHQWGHWURLVFODVVHVSOXVEXUHDXDYHFODWULQHjO
(33*DKHYLOOH
&RPPXQHG
$\DPp
7UDQVIHUWV
D\DPH
$\DPH
,QYHVWLVVHPHQWV
D\DPH
&RQVWUXFWLRQGHGL[PDJDVLQVjODJDUHURXWLqUHG
$\DPp
&RQVWUXFWLRQGHTXLQ]HKDQJDUVVXUOHVLWHGHODFDVVHG¢$\DPp
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
'pYHORSSHUODSrFKHGDQVODFRPPXQHG
D\DPH
&UpDWLRQG
XQHVWDWLRQSLVFLFROHGHFDJHVIORWWDQWHVVXUOHODFG
$<$0(
D\DPH
&RQVWUXFWLRQG
XQGDORWj$\DPpHWSDYDJHGHODYRLHG
DFFqV
$PpQDJHPHQWGHODJDUHURXWLqUHG
$<$0(
3DYDJHGHUXHVj$\DPpPTXDUWLHU5pVLGHQFHPHWTXDUWLHU+DELWDWP
&RQVWUXFWLRQGHGRX]HHVFDOLHUVXUEDLQVj$\DPp+XLWDX4XDUWLHU+DELWDWGHX[j1¢GRXED1¢JXHVVDQERXQDXTXDUWLHU
5pVLGHQFHHWXQj'MDQGML%RND
D\DPH
&RQVWUXFWLRQGHFDQLYHDX[j$<$0( NP
D\DPH
$FTXLVLWLRQGHGRX]HSDQQHDX[VRODLUHVSRXUOD&RPPXQHG¢$\DPp
D\DPH
$PpQDJHPHQWGHODFRXUGXFHQWUHGHVDQWpXUEDLQG
$\DPpHWFRQVWUXFWLRQG
XQSUpDX
D\DPH
$PpQDJHPHQWG
XQHVSDFHUpFUpDWLIDXTXDUWLHU'LRXODERXJRXG
$\DPp
&UpDWLRQGHKXLWMDUGLQVSXEOLFVGDQVODFRPPXQHG
$<$0(XQDXTXDUWLHU5pVLGHQFHGHX[j1
'RXED1
JXHVVDQERXQj
'MDQGMLERNDXQj(FRERXQDXTXDUWLHU&RPPHUFHHWGHX[DXTXDUWLHU+DELWDW
'pYHORSSHUO
D\DPH
5pKDELOLWDWLRQGXJURXSHVFRODLUH$\DPpHWGRX]HFODVVHVSOXVGHX[EXUHDX[
D\DPH
$FTXLVLWLRQG¢XQWUDFWHXUSRXUOHUDPDVVDJHGHVRUGXUHV
&RPPXQHGH6LNHQVL
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHVLNHQVL
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH6LNHQVL
,QYHVWLVVHPHQWV
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
'pYHORSSHUOHVpTXLSHPHQWVFROOHFWLIVGDQVODFRPPXQHGHVLNHQVL
(PEHOOLVVHPHQWGHVDOHQWRXUVGXODFPXQLFLSDOSRXUFUpHUXQHVSDFHUpFUpDWLIDXTXDUWLHU6LNHQVL$GDQVODFRPPXQHGH6LNHQVL
'pYHORSSHUGHVGLVSHQVDLUHVHWGHVPDWHUQLWpVGDQVODFRPPXQHGHVLNHQVL
&RQVWUXFWLRQG
XQHPDWHUQLWpj%DGDVVRGDQVODFRPPXQHGH6LNHQVL
5pKDELOLWDWLRQGHODPDWHUQLWpGH%pFpGLGDQVODFRPPXQHGH6LNHQVL
$FTXpULUGHVDSSDUHLOVHWGXPDWpULHOWKpUDSHXWLTXHGDQVODFRPPXQHGHVLNHQVL
(TXLSHPHQWGHVPDWHUQLWpVGH.DWDGMLGH%DGDVVRHWGH%DNDQRX%GDQVOD&RPPXQHGH6LNHQVL
(TXLSHPHQWHQPDWpULHOVELRPpGLFDX[GHODPDWHUQLWpGXYLOODJHGH%pFpGLGDQVOD&RPPXQHGH6LNHQVL
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODFRPPXQHGHVLNHQVL
&RQVWUXFWLRQG¢XQEkWLPHQWGHWURLVVDOOHVGHFODVVHVjO¢(336LNHQVLGDQVODYLOOHGH6LNHQVL
&RQVWUXFWLRQG
XQHpFROHSULPDLUHSXEOLTXHGHVL[VDOOHVGHFODVVHVSOXVXQEXUHDXDYHFXQODWULQHGHTXDWUHFDELQHVDX
TXDUWLHU+DELWDWGH6LNHQVLGDQVOD&RPPXQHGH6LNHQVL
&RQVWUXFWLRQGHGHX[VDOOHVGHFODVVHVSULPDLUHVDXJURXSHVFRODLUHGXYLOODJHGH%UDIIRXHE\GDQVOD&RPPXQHGH6LNHQVL
&RQVWUXFWLRQG
XQHpFROHSULPDLUHSXEOLTXHGHVL[VDOOHVGHFODVVHVSOXVXQEXUHDXDYHFXQEORFODWULQHGHTXDWUHFDELQHVDX
TXDUWLHU0LKLZRGH%pFpGLGDQVOD&RPPXQHGH6LNHQVL
&RQVWUXFWLRQGHWURLVVDOOHVGHFODVVHVSULPDLUHVSOXVXQEXUHDXjO
(33%$'GXYLOODJHGH%pFpGLGDQVOD&RPPXQHGH6LNHQVL
'pYHORSSHUO
HQVHLJQHPHQWSUppOpPHQWDLUHGDQVODFRPPXQHGHVLNHQVL
5pKDELOLWDWLRQGHO¢pFROHPDWHUQHOOHGXYLOODJHGH%UDIIRXHE\
'pYHORSSHUODGLVWULEXWLRQOHVHQWUHS{WVHWOHVPDJDVLQVGDQVODFRPPXQHGHVLNHQVL
&RQVWUXFWLRQGHGHX[KDQJDUVKXLWPDJDVLQVFHQWYLQJWER[HWXQEORFVDQLWDLUHFRQWHQDQWTXDWUH:&j(OLERXGDQVOD
&RPPXQHGH6LNHQVL
&RQVWUXFWLRQG¢XQKDQJDUDYHFVRL[DQWHpWDOVj%DNDQRX%GDQVOD&RPPXQHGH6LNHQVL
&RPPXQHGH7RXPRGL
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHWRXPRGL
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH7RXPRGL
,QYHVWLVVHPHQWV
'pYHORSSHUOHVWUDQVSRUWVURXWLHUVGDQVODFRPPXQHGHWRXPRGL
5HSURILODJHORXUGGHODYRLULHFRPPXQDOHNP
,QVWDOODWLRQGHIHX[WULFRORUHVjFDUUHIRXUVGHODYLOOH5RQGSRLQWHW(JOLVHFDWKROLTXH
'pYHORSSHUODGLVWULEXWLRQOHVHQWUHS{WVHWOHVPDJDVLQVGDQVODFRPPXQHGHWRXPRGL
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
&RQVWUXFWLRQGHYLQJWPDJDVLQVDXJUDQGPDUFKpGH7RXPRGL
7UDYDX[GHWHUUDVVHPHQWSRXUODFRQVWUXFWLRQG
XQHQRXYHOOHJDUHGH7RXPRGL
'pYHORSSHUO
DOLPHQWDWLRQHQHDXGDQVODFRPPXQHGHWRXPRGL
$GGXFWLRQG
HDXDXTXDUWLHUFRQFRUGH
'pYHORSSHUO
pFODLUDJHSXEOLFGDQVODFRPPXQHGHWRXPRGL
(OHFWULILFDWLRQGHVTXDUWLHUV'LRXODNUR&RQFRUGHHW5pVLGHQWLHO
(OHFWULILFDWLRQGXTXDUWLHU=DKHUGDQVODYLOOHGH7RXPRGLSRWHDX[HWXQSRVWHWUDQIRUPDWHXU+
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODFRPPXQHGHWRXPRGL
&RQVWUXFWLRQGHWURLVVDOOHVGHFODVVHj3RNRXNR
5pKDELOLWDWLRQGHWURLVpFROHVSULPDLUHVO
(33$NORPLDEOD(33%LQDYD(336LPRQHWFKLQDKGDQVODYLOOHGH7RXPRGL
&RPPXQHG
$GLDNp
7UDQVIHUWV
DGLDNH
$GLDNH
,QYHVWLVVHPHQWV
DGLDNH
&RQVWUXFWLRQGHVFHQWUHVGHSUpFROOHFWHj$GLDNp
DGLDNH
&RQVWUXFWLRQGHPqWUHVG
RXYUDJHVG
DVVDLQLVVHPHQWSOXYLDOFDQLYHDX[j.DFRXNURGDQVODFRPPXQHG
$GLDNp
'pYHORSSHUO
DGLDNH
(OHFWULILFDWLRQGXTXDUWLHU5RDqUH([WHQVLRQDLQVLTXHGXYLOODJH'LE\RXUDNUR
DGLDNH
5pKDELOLWDWLRQGXGLVSHQVDLUHGXFHQWUHGHVDQWp5XUDOGH.DFRXNUR
&RPPXQHGH'RURSR
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHGRURSR
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH'RURSR
,QYHVWLVVHPHQWV
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
'pYHORSSHUOHVWUDQVSRUWVURXWLHUVGDQVODFRPPXQHGHGRURSR
2XYHUWXUHGHNPGHYRLHVGDQVOHVTXDUWLHUV0RWHXU5pVLGHQWLHO1RNLQGMRHW'DEHOL
'pYHORSSHUO
DOLPHQWDWLRQHQHDXGDQVODFRPPXQHGHGRURSR
5pDOLVDWLRQG
XQIRUDJHGRWpG
XQHSRPSHK\GUDXOLTXHjPRWULFLWpKXPDLQHj7LHPELqOD
'pYHORSSHUO
HQVHLJQHPHQWSUppOpPHQWDLUHGDQVODFRPPXQHGHGRURSR
&RQVWUXFWLRQGHGHX[VDOOHVGHFODVVHSRXUOHSUpVFRODLUHGH'RURSR2XHVW
'pYHORSSHUGHVVHUYLFHVUpFUpDWLIVHWVSRUWLIVGDQVODFRPPXQHGHGRURSR
5pKDELOLWDWLRQGXFRPSOH[HVSRUWLIGH7REURXUD,,
'pYHORSSHUODJHVWLRQGHVGpFKHWVGDQVODFRPPXQHGHGRURSR
$FTXLVLWLRQG
XQHPDFKLQHWUDFWHXUDYHFJRGHWSRXUO
HQOqYHPHQWGHVRUGXUHVPpQDJqUHV
&RPPXQHGH7Dw
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHWDw
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH7DL
,QYHVWLVVHPHQWV
'pYHORSSHUO
DOLPHQWDWLRQHQHDXGDQVODFRPPXQHGHWDw
,QVWDOODWLRQGHGHX[SRPSHVK\GUDXOLTXHVpOHFWULTXHVDYHFGHX[PLQLFKkWHDXGHFDSDFLWpOLWUHVj3$8/(28/$HW*28/($.2
'pYHORSSHUODGLVWULEXWLRQOHVHQWUHS{WVHWOHVPDJDVLQVGDQVODFRPPXQHGHWDw
&RQVWUXFWLRQG
XQJUDQGPDUFKpGH7$,
'pYHORSSHUGHVGLVSHQVDLUHVHWGHVPDWHUQLWpVGDQVODFRPPXQHGHWDw
&RQVWUXFWLRQG
XQGLVSHQVDLUHj*DKDEO\
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODFRPPXQHGHWDw
&RQVWUXFWLRQG
(33321$1
'pYHORSSHUOHVDXWUHVVHUYLFHVJpQpUDX[GDQVODFRPPXQHGH7Dw
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
$FTXLVLWLRQG
XQHEHQQHURXHVSRXUOHVHUYLFHWHFKQLTXHGHODPDLULHGH7$,
&RPPXQHGH0
%DKLDNUR
7UDQVIHUWV
EDKLDNUR
%DKLDNUR
,QYHVWLVVHPHQWV
'pYHORSSHUODGLVWULEXWLRQOHVHQWUHS{WVHWOHVPDJDVLQVGDQVODFRPPXQHGHP
EDKLDNUR
&RQVWUXFWLRQGHGL[PDJDVLQVDXPDUFKpGH0
%DKLDNUR
'pYHORSSHUO
pFODLUDJHSXEOLFGDQVODFRPPXQHGHP
EDKLDNUR
([WHQVLRQGXUpVHDXpOHFWULTXHOHVGHX[HQWUpHVGHODYLOOHNPGHUpVHDX%7HWPOGHOLJQH07
'pYHORSSHUGHVVHUYLFHVFXOWXUHOVGDQVODFRPPXQHGHP
EDKLDNUR
5pKDELOLWDWLRQGXFHQWUHFXOWXUHOGH0
%DKLDNUR
'pYHORSSHUGHVVHUYLFHVUpFUpDWLIVHWVSRUWLIVGDQVODFRPPXQHGHP
EDKLDNUR
&RQVWUXFWLRQG
XQHWULEXQHHWUpKDELOLWDWLRQGHODSHORXVHGXVWDGHPXQLFLSDO
'pYHORSSHUO
EDKLDNUR
&RQVWUXFWLRQGHGHX[VDOOHVGHFODVVHFRPSOpPHQWDLUHVjO
(33%RXDOHNURHWG
XQHVDOOHGHFODVVHFRPSOpPHQWDLUHPDJDVLQHWEXUHDXjO
(33
$NULIRXNUR
(TXLSHPHQWGHWURLVVDOOHVGHFODVVHjO
(331
=LQDPRXHQRXHQWDEOHVEDQFVEXUHDX[GHPDvWUHFKDvVHVUHPERXUUpHVDYHFGRVVLHUXQ
EXUHDXGHGLUHFWLRQXQIDXWHXLOGHGLUHFWLRQFKDLVHVYLVLWHXUVWDEOHDX[jFKHYDOHWVHWSODFDUGV
&RPPXQHGH'LDER
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHGLDER
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH'LDER
,QYHVWLVVHPHQWV
'pYHORSSHUOHVWUDQVSRUWVURXWLHUVGDQVODFRPPXQHGHGLDER
2XYHUWXUHGHNLORPqWUHVGHYRLHVGDQVOHVQRXYHDX[ORWLVVHPHQWVGHVTXDUWLHUV5pVLGHQWLHOHW5pVLGHQWLHOH[WHQVLRQGHODYLOOHGH'LDER
'pYHORSSHUOHVpTXLSHPHQWVFROOHFWLIVGDQVODFRPPXQHGHGLDER
&RQVWUXFWLRQG
XQSUpDXG
DEULSRXUOHVXVDJHUVjODJDUHG
$GLpNURGDQVOD&RPPXQHGH'LDER
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
&RQVWUXFWLRQG
XQHPRUJXHPXQLFLSDOHDXFHQWUHGHVDQWpXUEDLQGH'LDER
'pYHORSSHUGHVGLVSHQVDLUHVHWGHVPDWHUQLWpVGDQVODFRPPXQHGHGLDER
&RQVWUXFWLRQG
XQSUpDXGHYDFFLQDWLRQDXFVXGH'LDER
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODFRPPXQHGHGLDER
&RQVWUXFWLRQG
XQEkWLPHQWGHFODVVHVDYHFEXUHDXjO
(FROHSULPDLUH3XEOLTXHG
$JEDNURGDQVOD&RPPXQHGH'LDER
(TXLSHPHQWGHVpFROHVSULPDLUHVSXEOLTXHVGH.DKDER$JEDNUR7pOpERNDQHQWURLVFHQWFLQTXDQWHWDEOHVEDQFVGDQVOD&RPPXQHGH
'LDER
3URWpJHUOHVIDPLOOHVHWOHVHQIDQWVGDQVODFRPPXQHGHGLDER
&RQVWUXFWLRQGHO
LQVWLWXWGHIRUPDWLRQHWG
pGXFDWLRQGHODIHPPH,)()GH'LDER
&RPPXQHGH%RURWRX
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHERURWRX
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH%RURWRX
,QYHVWLVVHPHQWV
'pYHORSSHUOHVWUDQVSRUWVURXWLHUVGDQVODFRPPXQHGH%RURWRX
5pIHFWLRQGHVYRLULHVGHODFRPPXQHj%RURWRXPOLQpDLUHV6RNRXUD'RXJRXEDHW2XDVVLNR
'pYHORSSHUO
pFODLUDJHSXEOLFGDQVODFRPPXQHGHERURWRX
([WHQVLRQG
pFODLUDJHSXEOLFGDQVODFRPPXQHGH%RURWRX'RXJRXEDHW6RNRXUD
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODFRPPXQHGHERURWRX
&RQVWUXFWLRQG
XQEkWPHQWGHWURLVFODVVHVSOXVEXUHDXHWODWULQHVj6pNRGRXJRX
'pYHORSSHUOHVVHUYLFHVGHSURWHFWLRQFLYLOHGDQVODFRPPXQHGHERURWRX
&RQVWUXFWLRQGHTXDWUHORJHPHQWVVRFLDX[GHW\SHSLqFHVj%RURWRX
'pYHORSSHUODJHVWLRQGHVHDX[XVpHVGDQVODFRPPXQHGH%RURWRX
5pDOLVDWLRQHWSRVHGHPOLQpDLUHGHFDQQLYHDX[j%RURWRX6RNRXUDHW'RXJRXED
'pYHORSSHUODSUpVHUYDWLRQGHODGLYHUVLWpELRORJLTXHHWODSURWHFWLRQGHODQDWXUHGDQVODFRPPXQHGH%RURWRX
5pDOLVDWLRQHWSRVHGHPGHSDYpVj%RURWRXOHVDFFRWHPHQWVGHODJHQGDPHULHHWGHODPDLULH
&RPPXQHGH=RXNRXJEHX
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH]RXNRXJEHX
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH=RXNRXJEHX
,QYHVWLVVHPHQWV
'pYHORSSHUODGLVWULEXWLRQOHVHQWUHS{WVHWOHVPDJDVLQVGDQVODFRPPXQHGH]RXNRXJEHX
&RQVWUXFWLRQGHVHSWPDJDVLQVDXPDUFKpGH=RXNRXJEHX
'pYHORSSHUO
DOLPHQWDWLRQHQHDXGDQVODFRPPXQHGH]RXNRXJEHX
5pDOLVDWLRQG
XQHSRPSHK\GUDXOLTXHYLOODJHRLVHjPRWULFLWpKXPDLQHj+RXSKRXHWNUR
([WHQVLRQG
DGGXFWLRQG
HDXSRWDEOHDXTXDUWLHU(OLWH
'pYHORSSHUO
pFODLUDJHSXEOLFGDQVODFRPPXQHGH]RXNRXJEHX
([WHQVLRQGXUpVHDXpOHFWULTXHGXYLOODJHGH1,0(=$+,528*%(8
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODFRPPXQHGH]RXNRXJEHX
&RQVWUXFWLRQG
XQEkWLPHQWGHWURLVVDOOHVGHFODVVHVODWULQHVjO
(33=,77$
&RQVWUXFWLRQG
XQEkWLPHQWGHWURLVVDOOHVGHFODVVHVEXUHDXODWULQHVjO
(330
0(%2
&RPPXQHGH7LDSRXP
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHWLDSRXP
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH7LDSRXP
,QYHVWLVVHPHQWV
'pYHORSSHUGHVGLVSHQVDLUHVHWGHVPDWHUQLWpVGDQVODFRPPXQHGHWLDSRXP
&RQVWUXFWLRQG
XQGLVSHQVDLUHGDQVOHYLOODJHG
DVVXH
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODFRPPXQHGHWLDSRXP
&RQVWUXFWLRQG
XQEkWLPHQWGHWURLVFODVVHVSOXVEXUHDXSOXVWRLOHWWHVGDQVOHYLOODJHG
(ERORQRX
&RQVWUXFWLRQGHTXDWUHODWULQHVGDQVOHVpFROHVSULPDLUHVGH7LDSRXPPXQLFLSDOLWpJURXSHVFRODLUHHW
'pYHORSSHUOHVWUDQVSRUWVURXWLHUVGDQVODFRPPXQHGHWLDSRXP
2XYHUWXUHGHYRLHVGHTXLQ]HNLORPqWUHVGXTXDUWLHUEHOOHYLOOHHWGXTXDUWLHUMHUXVDOHPGH7LDSRXP
'pYHORSSHUODGLVWULEXWLRQOHVHQWUHS{WVHWOHVPDJDVLQVGDQVODFRPPXQHGHWLDSRXP
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
&RQVWUXFWLRQGHGL[PDJDVLQVjODJDUHGH7LDSRXP
5pKDELOLWDWLRQGXPDUFKpFHQWUDOGH7LDSRXP
'pYHORSSHUO
pFODLUDJHSXEOLFGDQVODFRPPXQHGHWLDSRXP
([WHQVLRQGXUpVHDXpOHFWULTXHGXTXDUWLHUFLWpDGPLQLVWUDWLYHHWGXTXDUWLHUMHUXVDOHPGH7LDSRXP
([WHQVLRQGXUpVHDXpOHFWULTXHGXTXDUWLHUEHOOHYLOOHHWGXTXDUWLHUMHUXVDOHPGH7LDSRXP
'pYHORSSHUO
DOLPHQWDWLRQHQHDXGDQVODFRPPXQHGHWLDSRXP
([WHQVLRQGXUpVHDXG
DGGXFWLRQG
HDXGXTXDUWLHUEHOOHYLOOHHWGXTXDUWLHUMHUXVDOHPGH7LDSRXP
([WHQVLRQGXUpVHDXG
DGGXFWLRQG
HDXGDQVOHYLOODJHG
$VVXp
&RPPXQHGH6DVVDQGUD
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHVDVVDQGUD
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH6DVVDQGUD
,QYHVWLVVHPHQWV
'pYHORSSHUOHVWUDQVSRUWVURXWLHUVGDQVODFRPPXQHGHVDVVDQGUD
&RQVWUXFWLRQG
XQGDORWGHIUDQFKLVVHPHQWDXFDPSEpWp
'pYHORSSHUODGLVWULEXWLRQOHVHQWUHS{WVHWOHVPDJDVLQVGDQVODFRPPXQHGHVDVVDQGUD
&RQVWUXFWLRQGHGHX[PDUFKpVj'MRURSORHW3DXO\
&RQVWUXFWLRQG
XQKDQJDUSRXUOHVFRPPHUoDQWVGXQRXYHDXPDUFKpGH6DVVDQGUD
'pYHORSSHUGHVVHUYLFHVUpFUpDWLIVHWVSRUWLIVGDQVODFRPPXQHGHVDVVDQGUD
&RQVWUXFWLRQG
XQHELEOLRWKqTXHPXQLFLSDOHj6DVVDQGUD
'pYHORSSHUGHVVHUYLFHVFXOWXUHOVGDQVODFRPPXQHGHVDVVDQGUD
&RQVWUXFWLRQG
XQIR\HUGHVMHXQHVGDQVOHYLOODJHGH.RNRXKLGRX
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODFRPPXQHGHVDVVDQGUD
5pKDELOLWDWLRQ(33SODWHDXHWVROLGDULWpHWPDWHUQHOOH
&RQVWUXFWLRQGHWURLVVDOOHVGHFODVVHVEXUHDXj6,$3$2
'pYHORSSHUO
HQVHLJQHPHQWSUppOpPHQWDLUHGDQVODFRPPXQHGHVDVVDQGUD
&RQVWUXFWLRQGHWURLVVDOOHVGHFODVVHVEXUHDXSRXUODPDWHUQHOOHDX*URXSHVFRODLUH6ROHQIHG
&RPPXQHGH0pDGML
7UDQVIHUWV
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHPHDJXL
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH0HDJXL
,QYHVWLVVHPHQWV
'pYHORSSHUOHVWUDQVSRUWVURXWLHUVGDQVODFRPPXQHGHPHDJXL
2XYHUWXUHGHNLORPqWUHVOLQpDLUHVGHYRLHVDXTXDUWLHU:DZDH[WHQVLRQ
'pYHORSSHUODJHVWLRQGHVHDX[XVpHVGDQVODFRPPXQHGHPHDJXL
&RQVWUXFWLRQGHPqWUHVOLQpDLUHVGHFDQLYHDX[DXTXDUWLHU.DWRURXWHpFROHSULPDLUHSXEOLTXH.DWR
'pYHORSSHUGHVGLVSHQVDLUHVHWGHVPDWHUQLWpVGDQVODFRPPXQHGHPHDJXL
&RQVWUXFWLRQG¢XQORJHPHQWG¢LQILUPLHUj*QLWLWRXDGML
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODFRPPXQHGHPHDJXL
&RQVWUXFWLRQG¢XQEkWLPHQWGHWURLVFODVVHVEXUHDXG¢XQ'LUHFWHXUj7pUpDGML
'pYHORSSHUGHVVHUYLFHVFXOWXUHOVGDQVODFRPPXQHGHPHDJXL
&RQVWUXFWLRQG¢XQIR\HUSRO\YDOHQW
&RPPXQHGH6LILp
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHVLILH
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH6LILH
,QYHVWLVVHPHQWV
'pYHORSSHUOHORJHPHQWGDQVODFRPPXQHGHVLILH
&RQVWUXFWLRQG
XQORJHPHQWSRXUODVDJHIHPPHGDQVOHYLOODJHGH%pUpQL'LDOODGDQVODFRPPXQHGH6LILp
'pYHORSSHUO
pFODLUDJHSXEOLFGDQVODFRPPXQHGHVLILH
([WHQVLRQGXUpVHDXpOHFWULTXHGDQVODFRPPXQHGH6LILp
'pYHORSSHUGHVGLVSHQVDLUHVHWGHVPDWHUQLWpVGDQVODFRPPXQHGHVLILH
&RQVWUXFWLRQG
XQORJHPHQWSRXUO
LQILUPLHUGH*RXUDPED
&RQVWUXFWLRQGXGLVSHQVDLUHGH*RXUDPED
$FTXpULUGHVDSSDUHLOVHWGXPDWpULHOWKpUDSHXWLTXHGDQVODFRPPXQHGHVLILH
(TXLSHPHQWGXFHQWUHGHVDQWpXUEDLQGH6LILpHWGH*RXUDPEDHQPDWpULHOVELRPpGLFDX[
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
'pYHORSSHUGHVVHUYLFHVFXOWXUHOVGDQVODFRPPXQHGHVLILH
&RQVWUXFWLRQGXIR\HUSRO\YDOHQWGH'DUHV6DODP
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODFRPPXQHGHVLILH
&RQVWUXFWLRQG
XQEkWLPHQWGHWURLVVDOOHVGHFODVVHVSOXVODWULQHVjO
(33%DELHQ
&RQVWUXFWLRQG
XQEkWLPHQWGHWURLVFODVVHVSOXVODWULQHVjO
(33GH6LQLJRUR
'pYHORSSHUO
HQVHLJQHPHQWSUppOpPHQWDLUHGDQVODFRPPXQHGHVLILH
&RQVWUXFWLRQGHWURLVVDOOHVGHFODVVHVSOXVEXUHDXSOXVODWULQHVjODPDWHUQHOOHGH6LILp
$PpQDJHPHQWGHODPDWHUQHOOHGH6LILp
(TXLSHPHQWGHODPDWHUQHOOHGH6LILpFKDLVHVEXUHDX[WDEOHVURQGHVFKDLVHVHQIDQWVEDODQoRLUHVWRERJJDQVSHWLWV
FKHYDX[
&RPPXQHGH)URQDQ
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHIURQDQ
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH)URQDQ
,QYHVWLVVHPHQWV
3URPRXYRLUODUHFKHUFKHHWOHGpYHORSSHPHQWGDQVOHGRPDLQHGHVWUDQVSRUWVGDQVODFRPPXQHGHIURQDQ
&RQVWUXFWLRQG
XQSDUNLQJDPpQDJpSRXUOHVWDWLRQQHPHQWGHVYpKLFXOHV
'pYHORSSHUODGLVWULEXWLRQOHVHQWUHS{WVHWOHVPDJDVLQVGDQVODFRPPXQHGHIURQDQ
&RQVWUXFWLRQGHYLQJWPDJDVLQVDXPDUFKpGH)URQDQ
&RQVWUXFWLRQGHDXYHQWVDXPDUFKpGH)URQDQ
'pYHORSSHUODJHVWLRQGHVGpFKHWVGDQVODFRPPXQHGHIURQDQ
&RQVWUXFWLRQGHFLQTXDQWHEDFVjRUGXUHVGDQVOHVTXDUWLHUVGHODFRPPXQHGH)URQDQ
'pYHORSSHUO
DOLPHQWDWLRQHQHDXGDQVODFRPPXQHGHIURQDQ
,QVWDOODWLRQHWpTXLSHPHQWGHIRUDJHVG
+\GUDXOLTXH9LOODJHRLVH$PpOLRUpH+9$GDQVOHVTXDUWLHUVGHODFRPPXQHGH)URQDQ
'pYHORSSHUGHVVHUYLFHVUpFUpDWLIVHWVSRUWLIVGDQVODFRPPXQHGHIURQDQ
&RQVWUXFWLRQG
XQHDLUHGHMHX[DXTXDUWLHU2IILDNDKDGHODYLOOHGH)URQDQ
'pYHORSSHUGHVVHUYLFHVFXOWXUHOVGDQVODFRPPXQHGHIURQDQ
&RQVWUXFWLRQG
XQIR\HUSRO\YDOHQWDYHFFO{WXUHj)URQDQ
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
'pYHORSSHUODSULVHHQFKDUJHGHVSHUVRQQHVkJpHVGDQVODFRPPXQHGHIURQDQ
&RQVWUXFWLRQG
XQ&HQWUH6RFLDO
'pYHORSSHUO
HQVHLJQHPHQWQRQGpILQLSDUQLYHDXGDQVODFRPPXQHGHIURQDQ
5pKDELOLWDWLRQGXEkWLPHQWGHO
,QVWLWXWGHIRUPDWLRQHWG
(GXFDWLRQGHOD)HPPH,)()GH)URQDQDYHFFO{WXUH
&RPPXQHG
,VVLD
7UDQVIHUWV
LVVLD
,VVLD
,QYHVWLVVHPHQWV
'pYHORSSHUO
LVVLD
([WHQVLRQGXUpVHDXpOHFWULTXHGDQVWURLVTXDUWLHUVSpULSKpULTXHVGHODFRPPXQHG¢,VVLDTXDUWLHUV%D]LD.LSUpJRJRXDHW3p]LWR
([WHQVLRQGXUpVHDXpOHFWULTXHGDQVWURLVTXDUWLHUVSpULSKpULTXHVGHODFRPPXQHG
,VVLDTXDUWLHUV,VVLD0,5$H[WHQVLRQF{WpGURLWHW
JDXFKH
'pYHORSSHUO
LVVLD
&RQVWUXFWLRQG
XQ(33GHWURLVVDOOHVGHFODVVHVDYHFEXUHDXGX'LUHFWHXUXQEORFGHTXDWUHODWULQHVjIRVVHVqFKHVDX
YLOODJHGH%$7528$1
5pKDELOLWDWLRQGHWURLVVDOOHVGHFODVVHVEXUHDXj(33,VVLD$HWWURLVVDOOHVGHFODVVHVEXUHDXjO
(33.25(02866$GH3p]RDQ
&RPPXQHGH7LpPp
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHWLHPH
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH7LpPp
,QYHVWLVVHPHQWV
'pYHORSSHUODSrFKHGDQVODFRPPXQHGHWLHPH
5pDPpQDJHPHQWGHO
pWDQJGHODFRPPXQHGH7LpPpSRXUODSLVFLFXOWXUH
'pYHORSSHUGHVGLVSHQVDLUHVHWGHVPDWHUQLWpVGDQVODFRPPXQHGHWLHPH
&RQVWUXFWLRQGXORJHPHQWGHODVDJHIHPPHGH7$+$162
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODFRPPXQHGHWLHPH
5pKDELOLWDWLRQGHKXLWVDOOHVGHFODVVHEXUHDXGHV(337,(0(HW0286628$5,6<//$
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
&RQVWUXFWLRQGHWURLVVDOOHVGHFODVVHjO
(33=pJEDR
'pYHORSSHUOHVpTXLSHPHQWVFROOHFWLIVGDQVODFRPPXQHGHWLHPH
([WHQVLRQORWLVVHPHQWGH1
GRQLHQJXpORWVGH=pJEDRORWVHWGH7LpPpORWV
'pYHORSSHUOHVDXWUHVVHUYLFHVJpQpUDX[GDQVODFRPPXQHGHWLHPH
&RQVWUXFWLRQG
XQDWHOLHUSRXUOH6HUYLFH7HFKQLTXH
$FTXLVLWLRQGHPRELOLHUVGHEXUHDXSRXUOH0DLUH
$FTXLVLWLRQGHGHX[RUGLQDWHXUVFRPSOHWVGHX[LPSULPDQWHVSRXUOHVHUYLFH)LQDQFLHU
$FTXLVLWLRQGHGHX[PRWRVSRXUO
pTXLSHPHQWGHVVHUYLFHVJpQpUDX[
&RPPXQHG
$JRX
7UDQVIHUWV
DJRX
$JRX
,QYHVWLVVHPHQWV
DJRX
&RQVWUXFWLRQG
XQKDQJDUSOXVWUDYpHVSOXVER[DXPDUFKpGHJUDQGDNRXG]LQ
&RQVWUXFWLRQG
XQKDQJDUSOXVWUDYpHVSOXVER[DXPDUFKpj$QGH
DJRX
&RQVWUXFWLRQG
XQHGpFKDUJHPXQLFLSDOj$JRX
'pYHORSSHUO
DJRX
([WHQVLRQGHVL[FHQWPqWUHVOLQpDLUHVGXUpVHDXpOHFWULTXHDXTXDUWLHUUpVLGHQWLHOj$JRX
$FTXpULUGHVDSSDUHLOVHWGXPDWpULHOWKpUDSHXWLTXHGDQVODFRPPXQHG
DJRX
(TXLSHPHQWGXFHQWUHGHVDQWpGH%RXGpSpHQPDWpULHOVELRPpGLFDX[
DJRX
5pKDELOLWDWLRQGXFHQWUHGHVDQWpGH%RXGpSp
&RQVWUXFWLRQGHORJHPHQWG
LQILUPLHUVHWVDJHIHPPHj1
JXHVVDQNRL
&RQVWUXFWLRQG¢XQFHQWUHGHVDQWpj1
JXHVVDQNRL
&RPPXQHGH'XHNRXp
7UDQVIHUWV
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHGXpNRXp
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH'XHNRXH
,QYHVWLVVHPHQWV
'pYHORSSHUOHVVHUYLFHVGHSROLFHGDQVODFRPPXQHGHGXpNRXp
&RQVWUXFWLRQG
XQFRPPLVVDULDWGHSROLFHDXTXDUWLHUUpVLGHQWLHOH[WHQVLRQ
'pYHORSSHUOHVWUDQVSRUWVURXWLHUVGDQVODFRPPXQHGHGXpNRXp
,QVWDOODWLRQGHSDQQHDX[GHVLJQDOLVDWLRQHWGHIHX[WULFRORUHVGDQVODFRPPXQHGH'XHNRXp
2XYHUWXUHVGHYLQJWNPGHYRLHVGDQVOHVYLOODJHVGH7RD=pRNP%ORG\NPHW)HQJRORNPGHODFRPPXQH
'pYHORSSHUO
DOLPHQWDWLRQHQHDXGDQVODFRPPXQHGHGXpNRXp
([WHQVLRQGXUpVHDXG
DGGXFWLRQHQHDXSRWDEOHPGDQVOHVTXDUWLHUV$UWLVDQDW3qUH7KqWHHW'LD\H%HUQDUG
'pYHORSSHUGHVGLVSHQVDLUHVHWGHVPDWHUQLWpVGDQVODFRPPXQHGHGXpNRXp
&RQVWUXFWLRQGHODFO{WXUHPOGXFHQWUHGHVDQWpGHSHWLW'XpNRXp
$FTXpULUGHVDSSDUHLOVHWGXPDWpULHOWKpUDSHXWLTXHGDQVODFRPPXQHGHGXpNRXp
(TXLSHPHQWHQPDWpULHOELRPpGLFDX[GXFHQWUHGHVDQWpGHSHWLW'XpNRXp
'pYHORSSHUGHVVHUYLFHVUpFUpDWLIVHWVSRUWLIVGDQVODFRPPXQHGHGXpNRXp
$PpQDJHPHQWGHVHVSDFHVUpFUpDWLIVGHODFRPPXQH
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODFRPPXQHGHGXpNRXp
&RQVWUXFWLRQG
XQEkWLPHQWGHWURLVFODVVHVEXUHDX[GHV(SS<DK)$11<.28$66,.52$UWLVDQDW72$=(2
&RQVWUXFWLRQG
XQEkWLPHQWGHWURLVFODVVHVEXUHDX[ODWULQHj%HOOHYLOOH
&RQVWUXFWLRQG
XQEkWLPHQWGHWURLVFODVVHVEXUHDX[GHV(33&,7(0$5,1(.28$',2.52(7.$=$',.52
(333pUH7+(7(GDQVODFRPPXQHGH'XpNRXp
&RQVWUXFWLRQG
XQEkWLPHQWGHWURLVFODVVHVEXUHDXODWULQHVGHFDELQHVGDQVFKDFXQHGH(33%$28%/<%2+286628.52%$+(HW
%$+(([WHQVLRQ-DSRQHW$UVHQHNUR
&RPPXQHGH7LRURQLDUDGRXJRX
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHWLRURQLDUDGRXJRX
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH7LRURQLDUDGRXJRX
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
,QYHVWLVVHPHQWV
'pYHORSSHUOHVWUDQVSRUWVURXWLHUVGDQVODFRPPXQHGHWLRURQLDUDGRXJRX
$PpQDJHPHQWGHODJDUHURXWLqUHGH7LRURQLDUDGRXJRX
2XYHUWXUHGHYRLHVj7LRURHW7LRURNLORPqWUHV
2XYHUWXUHGHYRLHVj*ERORNDKDNLORPqWUHV
2XYHUWXUHGHYRLHVj.DIRURNLORPqWUHV
5HSURILODJHORXUGGHVYRLHVGHOD&RPPXQHNLORPqWUHV
'pYHORSSHUODGLVWULEXWLRQOHVHQWUHS{WVHWOHVPDJDVLQVGDQVODFRPPXQHGHWLRURQLDUDGRXJRX
5pKDELOLWDWLRQGHVHSWKDQJDUVDXPDUFKpGH7LRUR
'pYHORSSHUGHVGLVSHQVDLUHVHWGHVPDWHUQLWpVGDQVODFRPPXQHGHWLRURQLDUDGRXJRX
&RQVWUXFWLRQGHODFO{WXUHGXFHQWUHGHVDQWpXUEDLQGH7LRURQLDUDGRXJRX
'pYHORSSHUGHVVHUYLFHVFXOWXUHOVGDQVODFRPPXQHGHWLRURQLDUDGRXJRX
&RQVWUXFWLRQGHODFO{WXUHGXIR\HUGHVMHXQHVGH1DKRXDODNDKD
5pKDELOLWDWLRQGXFHQWUHDUWLVDQDOGH.DWLD
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODFRPPXQHGHWLRURQLDUDGRXJRX
&RQVWUXFWLRQG¢XQHpFROHSULPDLUHSXEOLTXHGHVL[FODVVHVDYHFEXUHDXGX'LUHFWHXUj=DQDNSRNDKD
'pYHORSSHUO
HQVHLJQHPHQWSUppOpPHQWDLUHGDQVODFRPPXQHGHWLRURQLDUDGRXJRX
&RQVWUXFWLRQG¢XQHpFROHPDWHUQHOOHGHWURLVFODVVHVDYHFEXUHDXGX'LUHFWHXUj1DKRXDODNDKD
'pYHORSSHUO
DOLPHQWDWLRQHQHDXGDQVODFRPPXQHGHWLRURQLDUDGRXJRX
&RQVWUXFWLRQG¢XQHSRPSHjPRWULFLWpKXPDLQHj*ERORNDKD
&RQVWUXFWLRQG¢XQHSRPSHjPRWULFLWpKXPDLQHj1DKRXDODNDKD
&RQVWUXFWLRQG¢XQHSRPSHjPRWULFLWpKXPDLQHj6DQ]DQVR
&RPPXQHGH*UDQG%pUpE\
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHJUDQGEHUHE\
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH*UDQG%HUHE\
,QYHVWLVVHPHQWV
'pYHORSSHUOHVWUDQVSRUWVURXWLHUVGDQVODFRPPXQHGHJUDQGEHUHE\
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
&RQVWUXFWLRQGHTXDWUHRXYUDJHVGHIUDQFKLVVHPHQWGDQVOHVTXDUWLHUVGH*UDQG%pUpE\
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODFRPPXQHGHJUDQGEHUHE\
&RQVWUXFWLRQGHVL[VDOOHVGHFODVVHVSOXVGHX[EXUHDX[HWODWULQHVSRXU(33DXTXDUWLHUO\FpHPRGHUQH*2662<DED\RX$OSKRQVH
GDQVODFRPPXQHGH*UDQG%pUpE\
&RQVWUXFWLRQGHVL[VDOOHVGHFODVVHVSOXVGHX[EXUHDX[HWODWULQHVSRXU(33HW(33+DQQLpGDQVODFRPPXQHGH*UDQG%pUpE\
&RQVWUXFWLRQG
XQEkWLPHQWGHWURLVVDOOHVGHFODVVHVSOXVEXUHDXHWODWULQHj(33*ERUR
'pYHORSSHUGHVVHUYLFHVFXOWXUHOVGDQVODFRPPXQHGHJUDQGEHUHE\
&RQVWUXFWLRQG
XQEORFGHWURLVODWULQHVDXFHQWUHFXOWXUHOGH*UDQG%pUpE\
5pKDELOLWDWLRQGXFHQWUHFXOWXUHOGH*UDQG%pUpE\
'pYHORSSHUGHVGLVSHQVDLUHVHWGHVPDWHUQLWpVGDQVODFRPPXQHGHJUDQGEHUHE\
&RQVWUXFWLRQG
XQGLVSHQVDLUHj<RXZDVVR
&RPPXQHGH6RXEUp
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHVRXEUH
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH6RXEUH
,QYHVWLVVHPHQWV
'pYHORSSHUOHVWUDQVSRUWVURXWLHUVGDQVODFRPPXQHGHVRXEUH
&RQVWUXFWLRQG
XQGDORW[j6RXERXRH[WHQVLRQ
,QVWDOODWLRQGHWURLVIHX[WULFRORUHVDXFDUUHIRXUGXO\FpH=DGL=DRXURXDXFDUUHIRXU6*%&,HWDXFDUUHIRXUGHODFLWpRXYULqUH
'pYHORSSHUOHVpTXLSHPHQWVFROOHFWLIVGDQVODFRPPXQHGHVRXEUH
,QGHPQLVDWLRQGXVLWHGHO
DQFLHQFLPHWLqUHPXQLFLSDOGH6RXEUp
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODFRPPXQHGHVRXEUH
&RQVWUXFWLRQGHWURLVEkWLPHQWVGHWURLVFODVVHVHWEXUHDX[SOXVWURLVEORFVODWULQHVj(33EDORGRXJRX(33.RGD7FKDG(336RXERXR
'pYHORSSHUO
HQVHLJQHPHQWSUppOpPHQWDLUHGDQVODFRPPXQHGHVRXEUH
&RQVWUXFWLRQGHWURLVpFROHVPDWHUQHOOHVSOXVWURLVEORFVODWULQHVj(33+{SLWDOj(330XQLFLSDOLWpHWj(331DERXKLGDQVODFRPPXQHGH
6RXEUp
'pYHORSSHUOHVDXWUHVVHUYLFHVJpQpUDX[GDQVODFRPPXQHGHVRXEUH
$FTXLVLWLRQG
XQHUHPRUTXHSRXUOHVVHUYLFHVWHFKQLTXHVGHODPDLULHGH6RXEUp
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
'pYHORSSHUOHVVHUYLFHVJpQpUDX[GHSODQLILFDWLRQHWGHVWDWLVWLTXHVGDQVODFRPPXQHGHVRXEUH
)UDLVG
pWXGHVGHVWUDYDX[G
XQSODQVWUDWpJLTXHGHGpYHORSSHPHQWGHODFRPPXQHGH6RXEUp
&RPPXQHGH7Lp1
GLpNUR
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHWLHQ
GLHNUR
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHWLH1
'LHNUR
,QYHVWLVVHPHQWV
'pYHORSSHUO
DJULFXOWXUHGDQVODFRPPXQHGHWLHQ
GLHNUR
7UDYDX[G
DPpQDJHPHQWK\GURDJULFROHG
XQSpULPqWUHGHKHFWDUHVj7LH1
'LHNUR
5pDOLVDWLRQGHGHX[IHUPHVG¢pOHYDJHGHSRXOHWVGHFKDLUSRXUOHVMHXQHVGHOD&RPPXQHGH7Lp1¢GLpNUR
'pYHORSSHUOHVWUDQVSRUWVURXWLHUVGDQVODFRPPXQHGHWLHQ
GLHNUR
7UDYDX[GHUpSURILODJHORXUGGHODYRLULHGDQVODYLOOHGH7Lp1
GLpNURVXUNP
2XYHUWXUHGHYRLHVGDQVOHVTXDUWLHUV5pVLGHQWLHOHW'RORXNURGDQVODYLOOHGH7Lp1¢GLpNURVXUXQOLQpDLUHGHP
'pYHORSSHUODGLVWULEXWLRQOHVHQWUHS{WVHWOHVPDJDVLQVGDQVODFRPPXQHGHWLHQ
GLHNUR
5pKDELOLWDWLRQGXPDUFKpFHQWUDOGHODYLOOHGH7Lp1¢GLpNUR
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODFRPPXQHGHWLHQ
GLHNUR
$FTXLVLWLRQGHGHX[FHQWVWDEOHVEDQFVHQERLVSRXUOHVpFROHVSULPDLUHVSXEOLTXHV*URXSHVFRODLUH*URXSHVFRODLUH0XQLFLSDOLWp(33
<RERXHEOHVVRX(33<DRORXNRXNUR(331¢'LpGHOD&RPPXQHGH7Lp1¢GLpNUR
$FTXpULUGHVDSSDUHLOVHWGXPDWpULHOWKpUDSHXWLTXHGDQVODFRPPXQHGHWLHQ
GLHNUR
$FTXLVLWLRQGHPDWpULHOVELRPpGLFDX[SRXUOH&HQWUHGH6DQWp8UEDLQ&68GH7Lp1¢GLpNUR
&RPPXQHGH7HQJUpOD
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHWHQJUHOD
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH7HQJUHOD
,QYHVWLVVHPHQWV
'pYHORSSHUO
DOLPHQWDWLRQHQHDXGDQVODFRPPXQHGHWHQJUHOD
5pDOLVDWLRQGHWURLVIRUDJHVGDQVODFRPPXQHGH7HQJUHOD
'pYHORSSHUODGLVWULEXWLRQOHVHQWUHS{WVHWOHVPDJDVLQVGDQVODFRPPXQHGHWHQJUHOD
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
5pKDELOLWDWLRQGXPDUFKpGH7HQJUHOD
&RQVWUXFWLRQGHVHSWPDJDVLQVDXPDUFKpGH7HQJUHOD
'pYHORSSHUOHVWUDQVSRUWVURXWLHUVGDQVODFRPPXQHGHWHQJUHOD
$PpQDJHPHQWG
XQHQRXYHOOHJDUHURXWLqUHGDQVODYLOOHGH7HQJUHOD
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODFRPPXQHGHWHQJUHOD
&RQVWUXFWLRQGHGHX[EkWLPHQWVGHWURLVFODVVHVGHX[EXUHDX[HWKXLWODWULQHVDXTXDUWLHU+DELWDWH[WHQVLRQGH7HQJUHOD
(TXLSHPHQWHQPRELOLHUVVFRODLUHVGHQHXIFODVVHVHWGHGHX[EXUHDX[GDQVOD&RPPXQHGH7HQJUHODWDEOHVEDQFVFKDLVHV
EXUHDX[HWDUPRLUHV
'pYHORSSHUGHVVHUYLFHVFXOWXUHOVGDQVODFRPPXQHGHWHQJUHOD
5pKDELOLWDWLRQGXIR\HUGHVMHXQHVGH7HQJUHOD
3URPRXYRLUODUHFKHUFKHHWOHGpYHORSSHPHQWFRQFHUQDQWOHVVHUYLFHVJpQpUDX[GHVDGPLQLVWUDWLRQVSXEOLTXHVGDQVODFRPPXQHGHWHQJUHOD
&RQVWUXFWLRQG
XQEXUHDXHWG
XQPDJDVLQjOD0DLULHGH7HQJUHOD
&RPPXQHGH%RQRXD
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHERQRXD
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH%RQRXD
,QYHVWLVVHPHQWV
'pYHORSSHUOHVWUDQVSRUWVURXWLHUVGDQVODFRPPXQHGHERQRXD
3RVHGHSDYpVXUPDXTXDUWLHU<$28
'pYHORSSHUODGLVWULEXWLRQOHVHQWUHS{WVHWOHVPDJDVLQVGDQVODFRPPXQHGHERQRXD
7UDYDX[GHUHSULVHGHODFRXYHUWXUHGXPDUFKpPXQLFLSDOGH%RQRXD
&RPPXQHGH.RXDVVL'DWpNUR
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHNRXDVVLGDWHNUR
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHNRXDVVLGDWHNUR
,QYHVWLVVHPHQWV
'pYHORSSHUO
K{WHOOHULHHWODUHVWDXUDWLRQGDQVODFRPPXQHGHNRXDVVLGDWHNUR
5pKDELOLWDWLRQGHO
$XEHUJH$QRXD]qGH.RXDVVL'DWpNUR
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
'pYHORSSHUGHVVHUYLFHVFXOWXUHOVGDQVODFRPPXQHGHNRXDVVLGDWHNUR
5pKDELOLWDWLRQGXIR\HUGHVMHXQHVGH.RXDVVL'DWpNUR
5pKDELOLWDWLRQGXIR\HUGHVMHXQHVGH<DNDVVp%LQL
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODFRPPXQHGHNRXDVVLGDWHNUR
5pKDELOLWDWLRQGHO
((3GH2XURXWDUD
'pYHORSSHUOHVDXWUHVVHUYLFHVJpQpUDX[GDQVODFRPPXQHGHNRXDVVLGDWHNUR
5pKDELOLWDWLRQGHO
+{WHOGHYLOOHGH.RXDVVL'DWpNUR
+{WHOGHYLOOHGH.RXDVVL'DWpNUR
$FKDWGHPDWpULHOVLQIRUPDWLTXHVSRXUOHV6HUYLFHVGHO
(WDW&LYLO
&RPPXQHGH7LpELVVRX
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHWLHELVVRX
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH7LHELVVRX
,QYHVWLVVHPHQWV
'pYHORSSHUO
DOLPHQWDWLRQHQHDXGDQVODFRPPXQHGHWLHELVVRX
([WHQVLRQGXUpVHDXG¢DGGXFWLRQG¢HDXGDQVOHVQRXYHDX[TXDUWLHUV5pVLGHQWLHO5pVLGHQWLHO([WHQVLRQ/\FpH([WHQVLRQGHODYLOOHGH7LpELVVRX
FDQDOLVDWLRQ39&SUHVVLRQGLDPqWUHORQJXHXUPqWUHVGLDPqWUHORQJXHXUPqWUHV
'pYHORSSHUO
pFODLUDJHSXEOLFGDQVODFRPPXQHGHWLHELVVRX
([WHQVLRQGXUpVHDXpOHFWULTXHDXTXDUWLHU/\FpHHWGDQVOHVQRXYHDX[TXDUWLHUVGHODYLOOHGH7LpELVVRXPR\HQQHWHQVLRQ¢PqWUHVEDVVH
WHQVLRQPqWUHV
'pYHORSSHUGHVGLVSHQVDLUHVHWGHVPDWHUQLWpVGDQVODFRPPXQHGHWLHELVVRX
&RQVWUXFWLRQG
XQGLVSHQVDLUHj3URSURQRX
'pYHORSSHUOHVWUDQVSRUWVURXWLHUVGDQVODFRPPXQHGHWLHELVVRX
2XYHUWXUHGHVL[PLOOHPqWUHVGHUXHVGDQVOHVQRXYHDX[TXDUWLHUV/\FpH([WHQVLRQHW0LUDGRUGHODYLOOHGH7LpELVVRX
2XYHUWXUHGHTXDWUHPLOOHWURLVFHQWPqWUHVGHUXHVDXTXDUWLHU%HO+RUL]RQ
'pYHORSSHUOHVVHUYLFHVJpQpUDX[GHSODQLILFDWLRQHWGHVWDWLVWLTXHVGDQVODFRPPXQHGHWLHELVVRX
(WXGHGX3ODQG
8UEDQLVPH'LUHFWHXUGHODYLOOHGH7LpELVVRX
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
'pYHORSSHUOHVDXWUHVVHUYLFHVJpQpUDX[GDQVODFRPPXQHGHWLHELVVRX
5pKDELOLWDWLRQHWH[WHQVLRQGHVORFDX[GHO¢pWDWFLYLOEORFV
&RPPXQHGH7DERX
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHWDERX
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH7DERX
,QYHVWLVVHPHQWV
'pYHORSSHUOHVWUDQVSRUWVURXWLHUVGDQVODFRPPXQHGHWDERX
5HSURILODJHORXUGGHGL[NPGHYRLHVDXTXDUWLHU7LRER7LRERGDQVODYLOOHGH7DERX\FRPSULVSRVHGHEXVHVGHGLDPqWUH
5HSURILODJHORXUGGHGL[NPGHYRLHVDXTXDUWLHU3RUW%RXHWGDQVODYLOOHGH7DERX\FRPSULVSRVHGHEXVHVGHGLDPqWUHHW
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODFRPPXQHGHWDERX
$FTXLVLWLRQGHWDEOHVEDQFV\FRPSULVWUHL]HEXUHDX[HQERLVDYHFWLURLUHWTXLQ]HFKDLVHVG
HQVHLJQDQWVGDQVOHVpFROHVSULPDLUHV
SXEOLTXHVGHODFRPPXQHGH7DERX
&RQVWUXFWLRQGHGHX[EkWLPHQWVGHWURLVFODVVHVSOXVXQEkWLPHQWGHWURLVFODVVHVSOXVEXUHDXj.DEODNpGDQVODYLOOHGH7DERX
'pYHORSSHUODJHVWLRQGHVGpFKHWVGDQVODFRPPXQHGHWDERX
$FTXLVLWLRQGHIXWVSRXEHOOHVDYHFURXOHWWHV
&RPPXQHGH6DUKDOD
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHVDUKDOD
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH6DUKDOD
,QYHVWLVVHPHQWV
'pYHORSSHUODGLVWULEXWLRQOHVHQWUHS{WVHWOHVPDJDVLQVGDQVODFRPPXQHGHVDUKDOD
&RQVWUXFWLRQG
DEULVDYHFFHQWYLQJWSODFHVDVVLVHVDXPDUFKpGH6DUKDOD
5pKDELOLWDWLRQGHVWUHQWHGHX[PDJDVLQVGXPDUFKpGH6DUKDOD
'pYHORSSHUOHVWUDQVSRUWVURXWLHUVGDQVODFRPPXQHGHVDUKDOD
&RQVWUXFWLRQGHODJDUHURXWLqUHj6DUKDOD
'pYHORSSHUOHVpTXLSHPHQWVFROOHFWLIVGDQVODFRPPXQHGHVDUKDOD
5pKDELOLWDWLRQGHODUDGLRPXQLFLSDOHGH6DUKDOD
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
'pYHORSSHUO
DOLPHQWDWLRQHQHDXGDQVODFRPPXQHGHVDUKDOD
5pKDELOLWDWLRQGHVV\VWqPHVK\GUDXOLTXHVjPRWULFLWpKXPDLQHGDQVOHVORFDOLWpVGHODFRPPXQH6DUKDOD%DPDQDVVRILODVVR%RXJRXQRQ0HQHQL
)L]DQNRUR.RGRXP0DGLQD
&RQVWUXFWLRQG
XQIRUDJHLPPHUJpDYHFIRXUQLWXUHGHFXELWDLQHUD)LODVVR
'pYHORSSHUOHVDXWUHVVHUYLFHV*pQpUDX[GHODFRPPXQHGH6DUKDOD
$FTXLVLWLRQG
XQYpKLFXOHGHOLDLVRQSRXUOHVVHUYLFHVPXQLFLSDX[
$FTXLVLWLRQG
XQWUDFWHXUSRXUOHVVHUYLFHVWHFKQLTXHV
&RPPXQHGH1LHOOp
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHQLHOOH
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH1LHOOH
,QYHVWLVVHPHQWV
'pYHORSSHUO
K{WHOOHULHHWODUHVWDXUDWLRQGDQVODFRPPXQHGHQLHOOH
$PpQDJHPHQWGHO
HVSDFHjFRWpGHOD6WDWLRQ6KHOOVXUODYRLH$SRXUOHVDFWLYLWpVFRPPHUFLDOHVUHVWDXUDQWVPDTXLVHWF
'pYHORSSHUOHVWUDQVSRUWVURXWLHUVGDQVODFRPPXQHGHQLHOOH
2XYHUWXUHGHVYRLHVGHVTXDUWLHUV1
JRORWFKDOD'DOOD6DIRQHW1DQ]RQNDKDH[WHQWVLRQNLORPqWUHV
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODFRPPXQHGHQLHOOH
&RQVWUXFWLRQG
XQEkWLPHQWGHVDOOHVGHFODVVHVjO
(331LHOOp
'pYHORSSHUO
HQVHLJQHPHQWSUppOpPHQWDLUHGDQVODFRPPXQHGHQLHOOH
pFROH3UpVFRODLUHGX*URXSH6FRODLUHGH1LHOOp
'pYHORSSHUODJHVWLRQGHVGpFKHWVGDQVODFRPPXQHGHQLHOOH
$FKDWG
XQH%HQQHSRXUOHUDPDVVDJHGHVRUGXUHV
&RPPXQHGH7UDQVXD
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHWUDQVXD
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH7UDQVXD
,QYHVWLVVHPHQWV
'pYHORSSHUOHVWUDQVSRUWVURXWLHUVGDQVODFRPPXQHGHWUDQVXD
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
$PpQDJHPHQWG¢XQHJDUHURXWLqUHj7UDQVXD
'pYHORSSHUODGLVWULEXWLRQOHVHQWUHS{WVHWOHVPDJDVLQVGDQVODFRPPXQHGHWUDQVXD
&RQVWUXFWLRQG
XQDEDWWRLU0XQLFLSDOj75$168$
&RQVWUXFWLRQGHSUpDX[HWWRLOHWWHVSXEOLTXHVDXPDUFKpGH7UDQVXD
&RQVWUXFWLRQG¢XQFHQWUHFRPPHUFLDOGDQVODYLOOHGH7UDQVXD
5pKDELOLWDWLRQGXPDUFKpGH7UDQVXD
'pYHORSSHUGHVGLVSHQVDLUHVHWGHVPDWHUQLWpVGDQVODFRPPXQHGHWUDQVXD
&RQVWUXFWLRQG¢XQHPDWHUQLWpj<DRNXPNUR.DVVDQ3ULWLHW$VVXHWLDNpVVp
$FTXpULUGHVDSSDUHLOVHWGXPDWpULHOWKpUDSHXWLTXHGDQVODFRPPXQHGHWUDQVXD
(TXLSHPHQWHQPDWpULHOVELRPpGLFDX[GHVFHQWUHVGHVDQWpGH.RXDKLQLNUR$VVXHWLDNpVVp%LVVDVVpHW7RQYRNUR
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODFRPPXQHGHWUDQVXD
&RQVWUXFWLRQGHWURLVFODVVHVEXUHDXj1LRXPDVVL%HQDQRQ.DVVDQHW.RXDKLQLNUR
5pKDELOLWDWLRQGHV(FROHV3ULPDLUHVGHOD&RPPXQH7UDQVXD7RQYRNUR.RXDKLQLNUR3RNR$VVXHWLD.HVVp$VVXHWLD%DQRQ7DDNURP.DVVDQ
<DRNXPNUR0DUDVVXp%LVVDVVp$KXLWLHVVRHW$WWRNRP
&RQVWUXFWLRQGHWURLVVDOOHVGHFODVVHj$KXLWLHVVRj6LNDVVXDHWj0DWpPDQGMD
'pYHORSSHUO
DOLPHQWDWLRQHQHDXGDQVODFRPPXQHGHWUDQVXD
(TXLSHPHQWGHWUHL]HYLOODJHVHQV\VWqPHG¢+\GUDXOLTXH9LOODJHRLVH$PpOLRUpH+9$
'pYHORSSHUGHVVHUYLFHVGHUDGLRGLIIXVLRQGHWpOpYLVLRQHWG¢pGLWLRQGDQVODFRPPXQHGHWUDQVXD
&UpDWLRQG¢XQHUDGLRORFDOHj7UDQVXD
&RPPXQHGH6DWDPD6RNRUR
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHVDWDPDVRNRUR
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHVDWDPDVRNRUR
,QYHVWLVVHPHQWV
'pYHORSSHUO
DOLPHQWDWLRQHQHDXGDQVODFRPPXQHGHVDWDPDVRNRUR
5pDOLVDWLRQGHTXDWUHSRPSHVjPRWULFLWpKXPDLQHGDQVOHVYLOODJHVGHODFRPPXQH*EDPDNUR'LDNRUD1¢JXHVVDQNURHW6pJQpQp
'pYHORSSHUO
K{WHOOHULHHWODUHVWDXUDWLRQGDQVODFRPPXQHGHVDWDPDVRNRUR
(TXLSHPHQWGHO¢DXEHUJHPXQLFLSDOHGH6DWDPD6RNRUR
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
'pYHORSSHUGHVGLVSHQVDLUHVHWGHVPDWHUQLWpVGDQVODFRPPXQHGHVDWDPDVRNRUR
&RQVWUXFWLRQG¢XQSDYLOORQG¢KRVSLWDOLVDWLRQDX&HQWUHGH6DQWp8UEDLQGH6DWDPD6RNRUR
&RPPXQHG
$ERLVVR
7UDQVIHUWV
DERLVVR
$ERLVVR
,QYHVWLVVHPHQWV
DERLVVR
5pKDELOLWDWLRQGHODELEOLRWKqTXHPXQLFLSDOHVLWXpHDXJURXSHVFRODLUH3ODWHDX
DERLVVR
&RQVWUXFWLRQG
XQFHQWUHGHVDQWpXUEDLQj$\HER
5pKDELOLWDWLRQGHWURLVFHQWUHVGHVDQWpXUEDLQj$VVRXED%DNURHWDXTXDUWLHUFRPPHUFHGHODFRPPXQH
'pYHORSSHUO
DERLVVR
&RQVWUXFWLRQGHWURLVpFROHVSUpVFRODLUHVGHVL[FODVVHVEXUHDXFKDFXQDYHFWRLOHWWHVHWFDQWLQHVGDQVOHVTXDUWLHUV73.ROLDKLZDHW
5LYH*DXFKH
5pKDELOLWDWLRQG
XQHpFROHSUpVFRODLUHGHVL[FODVVHVEXUHDXVLWXpHDXTXDUWLHU(ERLNUR
'pYHORSSHUO
DERLVVR
&RQVWUXFWLRQGHWURLVEkWLPHQWVGHVL[FODVVHVGHX[EXUHDX[KXLWWRLOHWWHVGDQVOHVJURXSHVVFRODLUHVGH73.21*2'-$1
HW
&RQVWUXFWLRQG
pFROHSULPDLUHGH%pWLDER
5pKDELOLWDWLRQGHVL[pFROHVSULPDLUHVGHVL[FODVVHVEXUHDXFKDFXQDYHFWRLOHWWHVGDQVOHVJURXSHVVFRODLUHVGH733ODWHDX(ERLNURHW
1RUGHVW
&RPPXQHGH.ROLD
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHNROLD
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH.ROLD
,QYHVWLVVHPHQWV
'pYHORSSHUOHVDXWUHVVHUYLFHVJpQpUDX[GDQVODFRPPXQHGHNROLD
$FTXLVLWLRQG
XQYpKLFXOHGHW\SH;SRXUOHVVHUYLFHVGHOD0DLULHGH.2/,$
$FKDWGHGHX[EkFKHVHWFKDLVHVSRXUOD0DLULHGH.2/,$
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
'pYHORSSHUODGLVWULEXWLRQOHVHQWUHS{WVHWOHVPDJDVLQVGDQVODFRPPXQHGHNROLD
&RQVWUXFWLRQG
XQPDUFKpGHEpWDLOj.ROLD
&RQVWUXFWLRQGHFLQTPDJDVLQVDXPDUFKpGH.2/,$
&RQVWUXFWLRQGHVHSWPDJDVLQVDXJUDQGPDUFKpGH.2/,$
'pYHORSSHUOHVWUDQVSRUWVURXWLHUVGDQVODFRPPXQHGHNROLD
5HSURILODJHORXUGHWWUDLWHPHQWGHVSRLQWVFULWLTXHVGHVUXHVGH.2/,$.P
'pYHORSSHUGHVGLVSHQVDLUHVHWGHVPDWHUQLWpVGDQVODFRPPXQHGHNROLD
5pKDELOLWDWLRQGHWURLVORJHPHQWVGXSHUVRQQHOGHVDQWpDX&68GH.2/,$
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODFRPPXQHGHNROLD
$FTXLVLWLRQGHTXDWUHFHQWTXDWUHYLQJWWDEOHVEDQFVSRXUO
(33.ROLD,HW,,
&RQVWUXFWLRQGHVL[FODVVHVXQEXUHDXFLQTODWULQHVjO
(33.ROLD,
&RPPXQHGH6DLRXD
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHVDwRXD
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH6DLRXD
,QYHVWLVVHPHQWV
'pYHORSSHUOHVWUDQVSRUWVURXWLHUVGDQVODFRPPXQHGHVDwRXD
5HSURILODJHORXUGDYHFSRVHGHEXVHVHWWUDLWHPHQWGHSRLQWVFULWLTXHVVXUOHVURXWHVHQWHUUHGHODFRPPXQHGHVDwRXDVXUNP
'pYHORSSHUODGLVWULEXWLRQOHVHQWUHS{WVHWOHVPDJDVLQVGDQVODFRPPXQHGHVDwRXD
&RQVWUXFWLRQGHYLQJWPDJDVLQVj6DLRXD
'pYHORSSHUO
pFODLUDJHSXEOLFGDQVODFRPPXQHGHVDwRXD
([WHQVLRQGXUpVHDXpOHFWULTXHGDQVOHVTXDUWLHUV&RPPHUFLDO0DGRXDHW5pVLGHQWLHO
'pYHORSSHUGHVGLVSHQVDLUHVHWGHVPDWHUQLWpVGDQVODFRPPXQHGHVDwRXD
&RQVWUXFWLRQG
XQGLVSHQVDLUHj*RGRXD
&RQVWUXFWLRQG
XQORJHPHQWVRFLDODXFHQWUHGHVDQWpGH1LDNLD
5pKDELOLWDWLRQGXGLVSHQVDLUHGH'LJEDP
'pYHORSSHUGHVVHUYLFHVFXOWXUHOVGDQVODFRPPXQHGHVDwRXD
5pKDELOLWDWLRQGXIR\HUSRO\YDOHQWGHVDwRXD
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
(TXLSHPHQWGXIR\HUSRO\YDOHQWHQFKDLVHVSODVWLTXHVEkFKHVHWHQDSSDUHLOGHVRQRULVDWLRQ
'pYHORSSHUGHVVHUYLFHVUpFUpDWLIVHWVSRUWLIVGDQVODFRPPXQHGHVDwRXD
$PpQDJHPHQWGXVWDGH6DwRXD
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODFRPPXQHGHVDwRXD
&RQVWUXFWLRQG
XQHpFROHSULPDLUHGHFODVVHVSOXVEXUHDXHWODWULQHGDQVODORFDOLWpGH28$1'$+,2
'pYHORSSHUODJHVWLRQGHVGpFKHWVGDQVODFRPPXQHGHVDwRXD
$PpQDJHPHQWG
XQHGpFKDUJHSXEOLTXH
'pYHORSSHUOHVDXWUHVVHUYLFHVJpQpUDX[GDQVODFRPPXQHGHVDwRXD
$FKDWGHFLQTWULF\FOHVSRXUOHVHUYLFHWHFKQLTXH
&RPPXQHGH*EpOpEDQ
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHJEHOHEDQ
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH*EpOpEDQ
,QYHVWLVVHPHQWV
'pYHORSSHUOHVDXWUHVVHUYLFHVJpQpUDX[GDQVODFRPPXQHGHJEHOHEDQ
&RQVWUXFWLRQG
XQIR\HUPXQLFLSDOj*%(/(%$1
'pYHORSSHUODGLVWULEXWLRQOHVHQWUHS{WVHWOHVPDJDVLQVGDQVODFRPPXQHGHJEHOHEDQ
$PpQDJHPHQWG
XQPDUFKpjEpWDLOj*%(/(%$1
'pYHORSSHUO
DOLPHQWDWLRQHQHDXGDQVODFRPPXQHGH*EpOpEDQ
([WHQVLRQGXUpVHDXG
DOLPHQWDWLRQHQHDXGHODYLOOHGH*%(/(%$1P
'pYHORSSHUO
HQVHLJQHPHQWSUppOpPHQWDLUHGDQVODFRPPXQHGHJEHOHEDQ
pFROHPDWHUQHOOHGHO
(33GH*%(/(%$1
(TXLSHPHQWHQPRELOLHUVGHEXUHDXWDEOHVEDQFGHO
(FROH0DWHUQHOOHGHO
(33GH*%(/(%$1
&RPPXQHGH:RURIOD
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHZRURIOD
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH:RURIOD
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
,QYHVWLVVHPHQWV
'pYHORSSHUO
DOLPHQWDWLRQHQHDXGDQVODFRPPXQHGHZRURIOD
5pDOLVDWLRQG
XQIRUDJHpTXLSpGHSRPSHjPRWULFLWpKXPDLQHj6pKpOD
'pYHORSSHUO
K{WHOOHULHHWODUHVWDXUDWLRQGDQVODFRPPXQHGHZRURIOD
&RQVWUXFWLRQG
XQHDXEHUJHFRPPXQDOHj:RURIOD
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODFRPPXQHGHZRURIOD
&RQVWUXFWLRQG
(33GH1
ZRQJ{
$FTXLVLWLRQGHFHQWYLQJWWDEOHVEDQFVSRXUOHV(33:RURIODHW
'pYHORSSHUGHVGLVSHQVDLUHVHWGHVPDWHUQLWpVGDQVODFRPPXQHGHZRURIOD
5pKDELOLWDWLRQGXFHQWUHGHVDQWpXUEDLQGH:RURIOD
'pYHORSSHUOHVDXWUHVVHUYLFHVJpQpUDX[GDQVODFRPPXQHGH:RURIOD
5pKDELOLWDWLRQGHO
K{WHOGHYLOOHGH:RURIOD
&RPPXQHGH'DERX
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHGDERX
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH'DERX
,QYHVWLVVHPHQWV
'pYHORSSHUODGLVWULEXWLRQOHVHQWUHS{WVHWOHVPDJDVLQVGDQVODFRPPXQHGHGDERX
(TXLSHPHQWGXPDUFKpPXQLFLSDOGH'DERXHQERXFKHG¢LQFHQGLH
'pYHORSSHUOHVWUDQVSRUWVURXWLHUVGDQVODFRPPXQHGHGDERX
5HFKDUJHPHQWGHVYRLHVGXTXDUWLHU:URG&KkWHDXGHOD&RPPXQH
'pYHORSSHUGHVGLVSHQVDLUHVHWGHVPDWHUQLWpVGDQVODFRPPXQHGHGDERX
&RQVWUXFWLRQG¢XQORJHPHQWGHVDJHIHPPHDXFHQWUHGHVDQWpG¢$50(%(GDQVODFRPPXQHGH'DERX
5pKDELOLWDWLRQGX&HQWUHGH6DQWpXUEDLQGXYLOODJHGH'pEULPRX
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODFRPPXQHGHGDERX
5pKDELOLWDWLRQGHODFDQWLQHVFRODLUHGH/¢(331¢*$77<
0%3( 3DJH

7LUDJHGX

Exercice: 2022
&3
'pYHORSSHUO
HQVHLJQHPHQWSUppOpPHQWDLUHGDQVODFRPPXQHGHGDERX
&RQVWUXFWLRQGHWURLVpFROHVSUpVFRODLUHVGHWURLVVDOOHVGHFODVVHDYHFXQEXUHDXGHVWRLOHWWHVXQHDLUHGHMHX[HWXQH
FO{WXUHDX[JURXSHVVFRODLUHVG¢$50(%(GH'(%5,028HWjO¢pFROHSULPDLUHGH1¢*$77<
&RPPXQHGH7RUWL\D
7UDQVIHUWV
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGHWRUWL\D
$VVXUHUOHIRQFWLRQQHPHQWGHVVHUYLFHVGHODFRPPXQHGH7RUWL\D
,QYHVWLVVHPHQWV
'pYHORSSHUO
DOLPHQWDWLRQHQHDXGDQVODFRPPXQHWRUWL\D
5pKDELOLWDWLRQHWpTXLSHPHQWGXIRUDJHK\GUDXOLTXHDXTXDUWLHU.28$',2.RQp
&RQVWUXFWLRQGHGHX[IRUDJHVjPRWULFLWpKXPDLQHGDQVOHVTXDUWLHUVSRSXODLUHV,(7,,GH7RUWL\D
'pYHORSSHUGHVGLVSHQVDLUHVHWGHVPDWHUQLWpVGDQVODFRPPXQHWRUWL\D
&RQVWUXFWLRQGHGHX[ORJHPHQWVSRXUO
LQILUPLHUHWODVDJHIHPPHGH7HQLQGLHULGDQVODFRPPXQHGH7RUWL\D
'pYHORSSHUO
HQVHLJQHPHQWSULPDLUHGDQVODFRPPXQHWRUWL\D
&RQVWUXFWLRQG¢XQEkWLPHQWGHWURLVFODVVHVDYHFEXUHDXHQFRPSOpPHQWjO¢(330XQLFLSDOLWpGH7RUWL\D
'pYHORSSHUOHVWUDQVSRUWVURXWLHUVGDQVODFRPPXQHWRUWL\D
5HSURILODJHORXUGGHNPGHUXHVGDQVODYLOOHGH7RUWL\D
&RQVWUXFWLRQHWSRVHGHFDQLYHDX[VXUXQHGLVWDQFHGHPGDQVODYLOOHGH7RUWL\D
(QVHPEOHGHVFROOHFWLYLWpV
'*''/*HVWLRQGHV3URYLVLRQVGHV&ROOHFWLYLWpV
7UDQVIHUWV
$SSXLSRXUOHIRQFWLRQQHPHQWGHVFROOHFWLYLWpV
3URYLVLRQSRXUIRQFWLRQQHPHQWGHVFROOHFWLYLWpVWHUULWRULDOHV
3URYLVLRQSRXUIRQFWLRQQHPHQWGHVFROOHFWLYLWpVWHUULWRULDOHV
,QYHVWLVVHPHQWV
$SSXLSRXUOHGpYHORSSHPHQWGHVFROOHFWLYLWpV
3URYLVLRQSRXULQYHVWLVVHPHQWGHVFROOHFWLYLWpVWHUULWRULDOHV
3URYLVLRQSRXULQYHVWLVVHPHQWGHVFROOHFWLYLWpVWHUULWRULDOHV

Total Général

08 Annexe 8 Des Collectivites

Transféré par

Informations du document

Copyright

Formats disponibles

Partager ce document

Partager ou intégrer le document

Options de partage

Avez-vous trouvé ce document utile ?

Ce contenu est-il inapproprié ?

Droits d'auteur :

Formats disponibles

08 Annexe 8 Des Collectivites

Transféré par

Droits d'auteur :

Formats disponibles

ANNEXE 8 : CONCOURS FINANCIERS AUX COLLECTIVITES ET AUX

ANNEXE 8 : CONCOURS FINANCIERS AUX COLLECTIVITES ET AUX

I. DISPOSITIONS GENERALES RELATIVES AUX COLLECTIVITES TERRITORIALES ET AUX DISTRICTS AUTONOMES

^ƵďǀĞŶƚŝŽŶĚĞůΖƚĂƚ /ŵƉƀƚƐƉĂƌƚĂŐĠƐ ƉƉƵŝƐĨŝŶĂŶĐŝĞƌƐ

          

   

          

5,, # %('''(%*

ET DES DISTRICTS AUTONOMES

ET DES DISTRICTS AUTONOMES

ET DES DISTRICTS AUTONOMES

ET DES DISTRICTS AUTONOMES

ET DES DISTRICTS AUTONOMES

ET DES DISTRICTS AUTONOMES

ET DES DISTRICTS AUTONOMES

ET DES DISTRICTS AUTONOMES

Récapitulatif des Dotations des Collectivités Territoriales et des

Récapitulatif des Dotations des Collectivités Territoriales et des

Récapitulatif des Dotations des Collectivités Territoriales et des

Dotations des Collectivités Territoriales et des Districts Autonomes en 2022

Dotations des Collectivités Territoriales et des Districts Autonomes en 2022

&RQVHLO5pJLRQDOGX7FKRORJR )HUNHVVHGRXJRX 

Dotations des Collectivités Territoriales et des Districts Autonomes en 2022

Dotations des Collectivités Territoriales et des Districts Autonomes en 2022

Dotations des Collectivités Territoriales et des Districts Autonomes en 2022

Dotations des Collectivités Territoriales et des Districts Autonomes en 2022

Dotations des Collectivités Territoriales et des Districts Autonomes en 2022

Dotations des Collectivités Territoriales et des Districts Autonomes en 2022

Dotations des Collectivités Territoriales et des Districts Autonomes en 2022

Dotations des Collectivités Territoriales et des Districts Autonomes en 2022

Dotations des Collectivités Territoriales et des Districts Autonomes en 2022

Dotations des Collectivités Territoriales et des Districts Autonomes en 2022

Dotations des Collectivités Territoriales et des Districts Autonomes en 2022

Dotations des Collectivités Territoriales et des Districts Autonomes en 2022

Dotations des Collectivités Territoriales et des Districts Autonomes en 2022

Dotations des Collectivités Territoriales et des Districts Autonomes en 2022

Dotations des Collectivités Territoriales et des Districts Autonomes en 2022

Dotations des Collectivités Territoriales et des Districts Autonomes en 2022

Dotations des Collectivités Territoriales et des Districts Autonomes en 2022

Dotations des Collectivités Territoriales et des Districts Autonomes en 2022

Dotations des Collectivités Territoriales et des Districts Autonomes en 2022

Dotations des Collectivités Territoriales et des Districts Autonomes en 2022

Dotations des Collectivités Territoriales et des Districts Autonomes en 2022

Dotations des Collectivités Territoriales et des Districts Autonomes en 2022

Dotations des Collectivités Territoriales et des Districts Autonomes en 2022

Dotations des Collectivités Territoriales et des Districts Autonomes en 2022

Dotations des Collectivités Territoriales et des Districts Autonomes en 2022

Dotations des Collectivités Territoriales et des Districts Autonomes en 2022

Dotations des Collectivités Territoriales et des Districts Autonomes en 2022

Dotations des Collectivités Territoriales et des Districts Autonomes en 2022

Dotations des Collectivités Territoriales et des Districts Autonomes en 2022

Dotations des Collectivités Territoriales et des Districts Autonomes en 2022

Dotations des Collectivités Territoriales et des Districts Autonomes en 2022

Dotations des Collectivités Territoriales et des Districts Autonomes en 2022

Dotations des Collectivités Territoriales et des Districts Autonomes en 2022

Dotations des Collectivités Territoriales et des Districts Autonomes en 2022

Dotations des Collectivités Territoriales et des Districts Autonomes en 2022

Dotations des Collectivités Territoriales et des Districts Autonomes en 2022

Dotations des Collectivités Territoriales et des Districts Autonomes en 2022

Dotations des Collectivités Territoriales et des Districts Autonomes en 2022

Dotations des Collectivités Territoriales et des Districts Autonomes en 2022

Dotations des Collectivités Territoriales et des Districts Autonomes en 2022

Dotations des Collectivités Territoriales et des Districts Autonomes en 2022

Dotations des Collectivités Territoriales et des Districts Autonomes en 2022

^ƵďǀĞŶƚŝŽŶĚĞůΖƚĂƚ /ŵƉƀƚƐƉĂƌƚĂŐĠƐ ƉƉƵŝƐĨŝŶĂŶĐŝĞƌƐ

5,, # %('''(%*

&RQVHLO5pJLRQDOGX7FKRORJR)HUNHVVHGRXJRX