ilove seb

Transcrição

ilove seb
2878%52 9HUVmR,,
'LUHWRULD&RPHUFLDO*HUrQFLDGH3URGXWRV 352*5$0$d­2*5$'(5('( 1(70(5&$'21$&,21$/
*5$'(5(*,­268'(67( *5$'(5(*,­268/
*5$'(5(*,­2&(17522(67(
*5$'(5(*,­2125'(67(
*5$'(5(*,­21257(
)250$726&20(5&,$,6
0(5&+$1',6,1* )250$726&20(5&,$,60(5&+$1',6,1*
,1)250$d®(6*(5$,6
7,326'(0$7(5,$,6
7$%(/$'(*(5$d­2
7$%(/$',*,7$/
7$%(/$5($3/,&$d­2',*,7$/
*5$'('(352*5$0$d­2
9iOLGDDSDUWLUGHGH2XWXEURGH 9UV,,
6(*81'$
7(5d$
48$57$
48,17$
-RUQDOGR6%70DQKm-60$
&DUURVVHO$QLPDGR&6$
6È%$'2
6(;7$
&KDYHV+9(
'20,1*2
&217
-RUQDOGD6HPDQD-26(
%UDVLO&DPLQKRQHLUR
%&$0E
6iEDGR$QLPDGR
6$1,
7XULVPR$YHQWXUD
785$
0XQGR'LVQH\0'66F
%RPGLD&LD%20'
6pULH7DUGH6(7'XSODGR%DUXOKR
$FHOHUDGRV$&(5
6pULHGH'RPLQJR
65'&KDYHV
0XQGR'LVQH\
0',6F
6pULH7DUGH6(7
.HQDQH.HO
6pULH7DUGH6(7
'XSODGR%DUXOKR
&DVRVGH)DPtOLD&6')
1RYHOD7DUGH1973pUROD1HJUD
1RYHOD7DUGH197&RUDomR,QGRPiYHO
1RYHOD7DUGH197$'RQD
6pULH1RLWH651&KDYHV
6%7%UDVLO6%7,
1RYHOD1RLWH191&~PSOLFHVGHXP5HVJDWH
(VTXDGUmRGD0RGD
(645
1RYHOD1RLWH191&DUURVVHO
5RGDD5RGD-HTXLWL
3URJUDPDGR5DWLQKR
3URJUDPDGR5DWLQKR
5'52
5$7+
5$7+
0iTXLQDGD)DPD
04)0
&LQH(VSHWDFXODU&,1(
3URJUDPDGR5DWLQKR
5$7+
D
D
&LQH%HODV$UWHV&%($
&RQH[mR5HSRUWHU
&5(3
6pULH0DGUXJDGD6(0'
%LJ%DQJD7HRULD
$WDTXHGH5LVRV7$4
,/RYH/XF\
6HULH'RPLQJR0DG
6'2$UTXHLUR$UURZ
6HULH'RPLQJR0DG6'2
1LNLWD
3URJUDPD
6LOYLR6DQWRV366/
6DEDGmR6$%'
6pULH0DGUXJDGD6(0
'RLV+RPHQVH0HLR
6pULH0DGUXJDGD6(00LNHH0ROO\
6RUWHLRGD7HOH6HQD
6257
6pULH0DJUXJDGD6(0'RLV+RPHQVH0HLR
2ND\3HVVRDO2.36
5RGDD5RGD-HTXLWL
3652
-RUQDOGR6%7HGLomR-6%7
(OLDQD
3(/,
%DNH2II%UDVLO
0mRQD0DVVD%$.(DWp
+HOOV.LWFKHQ
&R]LQKD6RE3UHVVmR
&2=3DSDUWLUGH
7KH1RLWH712,
$3UDoDp1RVVD
7HODGH6XFHVVRV7(/$
$3$&
F
'RPLQJR/HJDO
3URJUDPD5DXO*LO5$8/
'2/(
0XQGR'LVQH\0','
$WDTXHGH5LVRV
7$48PD)DPtOLD
6HULH'RPLQJR0DG6'2
3HUGLGDQR0HLRGR1DGD
*ROGHQ%R\
7KH0LGOH
-RUQDOGR6%70DGUXJDGD-25
7HOH6HULDGRV,76(
'LiULRVGHXPYDPSLUR
7KH9DPSLUH'LDULHV
$WDTXHGH5LVRV7$4
6XEXUJDWyULR
-RUQDOGR6%70DGUXJDGD
-25
-RUQDOGR6%70DQKm0DGUXJDGD5HSULVH-25
7HOH6HULDGRV,,7/6
&LGDGHGR&ULPH
-RUQDOGD6HPDQD-26(
-RUQDOGR6%70DGUXJDGD
5HSULVH
-25
2EVHUYDo}HV
*UDGHGH3URJUDPDomREiVLFDGDUHGH([FHWRHVSHFLDLV$VJUDGHVGDVH[LELGRUDVSRGHPDSUHVHQWDUYDULDo}HVHPIXQomRGHVHXVSURJUDPDVORFDLV
3URJUDPDomR /RFDO
6HP&RPHUFLDOL]DomR
3URJUDPDomR 5HGH
D1mRSRVVXLH[LELomRQRGLD
E7RGDFRPHUFLDOL]DomRUHIHUHQWHDRSURJUDPD%UDVLO&DPLQKRQHLURHRSHUDo}HVTXHHQYROYDPHVWHSURFHVVRGHYHUmRVHUWUDWDGRVGLUHWDPHQWHFRPR*UXSR&REUDPGHWHQWRUGRIRUPDWRDWUDYpVGR
WHOHIRQH&RPHUFLDOL]DomRGLVSRQtYHODSHQDVSDUDDSUDoD1(7
F7RGDFRPHUFLDOL]DomRUHIHUHQWHDRVSURJUDPDV0XQGR'LVQH\HRSHUDo}HVTXHHQYROYDPHVWHSURFHVVRSDUDDVSUDoDV1(7H5HJLRQDLVGHYHUmRVHUWUDWDGRVGLUHWDPHQWHFRPD'LVQH\PHGLD
DWUDYpVGRWHOHIRQH
0(5&$'21(7
3UHoRVHPUHDLVYiOLGRVDSDUWLUGHGH2XWXEURGH &RPHUFLDLVGH 9UV,,
',$
+25$
6(*6(;
6(*6(;
352*5$0$
1(7
1(7
0(5&$'2
5
5
1$&,21$/
&2()
&2()
3
3
),0
*Ç1(52
&Ï'
K
K
-RUQDOLVPR
-60$
-RUQDOGR6%70DQKm
K
K
,QIDQWLO
&6$
&DUURVVHO$QLPDGR
6(*6(;
K
K
,QIDQWLO
0'66
0XQGR'LVQH\
6(*6(;
K
K
,QIDQWLO
%20'
%RP'LD&LD
6(*6È%
K
K
6pULH
6(7
6pULH7DUGH'XSODGR%DUXOKR
6(*6(;
K
K
$XGLWyULR
&6')
&DVRVGH)DPtOLD
6(*6(;
K
K
1RYHOD
197
1RYHOD7DUGH3pUROD1HJUD
6(*6(;
K
K
1RYHOD
197
1RYHOD7DUGH&RUDomR,QGRPiYHO
6(*6(;
K
K
1RYHOD
197
1RYHOD7DUGH$'RQD
6(*6È%
K
K
6pULH
651
6pULH1RLWH&KDYHV
6(*6È%
K
K
-RUQDOLVPR
6%7,
6%7%UDVLO
6(*6(;
K
K
1RYHOD
191
1RYHOD1RLWH&~PSOLFHVGHXP5HVJDWH
6(*6(;
K
K
1RYHOD
191
1RYHOD1RLWH&DUURVVHO
6(*6(;
K
K
$XGLWyULR
5$7+
3URJUDPDGR5DWLQKR
6(*6(;
K
K
$XGLWyULR
712,
6(*6(;
K
K
-RUQDOLVPR
-6%7
6(*6(;
K
K
6KRZ
2.36
2ND\3HVVRDO
6(*'20
K
K
-RUQDOLVPR
-25
-RUQDOGR6%70DGUXJDGD
6(*'20
K
K
-RUQDOLVPR
-25
-RUQDOGR6%70DGUXJDGD5HSULVH
6(;
K
K
6pULH
76(
6(;
K
K
6pULH
7KH1RLWH
-RUQDOGR6%7
7HOH6HULDGRV,
7/6
7HOH6HULDGRV,,
6(*
K
K
5HDOLW\6KRZ
04)0
0iTXLQDGD)DPD
7(5
K
K
)LOPH
&,1(
&LQH(VSHWDFXODU
48,
K
K
+XPRUtVWLFR
$3$&
$3UDoDp1RVVD
6(;
K
K
)LOPH
7(/$
7HODGH6XFHVVRV
6È%
K
K
,QIDQWLO
+9(
&KDYHV
6È%
K
K
,QIDQWLO
6$1,
6iEDGR$QLPDGR
6È%
K
K
,QIDQWLO
0',6
0XQGR'LVQH\
6È%
K
K
$XGLWyULR
5$8/
3URJUDPD5DXO*LO
6È%
K
K
5HDOLW\6KRZ
(645
(VTXDGUmRGD0RGD
6È%
K
K
5HDOLW\6KRZ
%$.(
%DNH2II%UDVLO0mRQD0DVVDDWp
6È%
K
K
5HDOLW\6KRZ
&2=3
+HOO
V.LWFKHQ&R]LQKD6RE3UHVVmRDSDUWLUGH
6È%
K
K
$XGLWyULR
6$%'
6DEDGmR
6È%
K
K
)LOPH
&%($
&LQH%HODV$UWHV
6È%
K
K
6pULH
7$4
$WDTXHGH5LVRV,/RYH/XF\
6È%
K
K
6pULH
7$4
$WDTXHGH5LVRV8PD)DPtOLD3HUGLGDQR0HLRGR1DGD
6È%
K
K
6pULH
7$4
$WDTXHGH5LVRV6XEXUJDWyULR
'20
K
K
5HSRUWDJHP
%&$0
%UDVLO&DPLQKRQHLUR
'20
K
K
'RFXPHQWiULR
785$
7XULVPR$YHQWXUD
'20
K
K
(VSRUWH
$&(5
$FHOHUDGRV
'20
K
K
,QIDQWLO
0','
0XQGR'LVQH\
'20
K
K
$XGLWyULR
'2/(
'RPLQJR/HJDO
'20
K
K
$XGLWyULR
3(/,
(OLDQD
'20
K
K
$XGLWyULR
366/
3URJUDPD6LOYLR6DQWRV
'20
K
K
5HSRUWDJHP
&5(3
&RQH[mR5HSyUWHU
'20
K
K
6pULH
6'2
6pULH'RPLQJR$UTXHLUR
'20
K
K
6pULH
6'2
6HULH'RPLQJR1LNLWD
'20
K
K
6pULH
6'2
6pULH'RPLQJR*ROGHQ%R\
1mRH[LEHHPPHUFDGR1(7&RQVXOWH3URJUDPDomR/RFDO
&RQVXOWHGLVSRQLELOLGDGHGHFRPHUFLDOL]DomR
-RUQDOGR6%7KHKQmRVHUmRH[LELGRVjVVH[WDVHViEDGRV
¬VTXDUWDVIHLUDVR3URJUDPDGR5DWLQKRVHUiH[LELGRGDVjV
7RGDFRPHUFLDOL]DomRUHIHUHQWHDRSURJUDPD%UDVLO&DPLQKRQHLURHRSHUDo}HVTXHHQYROYDPHVWHSURFHVVRGHYHUmRVHUWUDWDGRVGLUHWDPHQWHFRPR*UXSR&REUDP
GHWHQWRUGRIRUPDWRDWUDYpVGRWHOHIRQH&RPHUFLDOL]DomRGLVSRQtYHODSHQDVSDUDDSUDoD1(7
7RGDFRPHUFLDOL]DomRUHIHUHQWHDRVSURJUDPDV0XQGR'LVQH\HRSHUDo}HVTXHHQYROYDPHVWHSURFHVVRSDUDDVSUDoDV1(7H5HJLRQDLV6mR3DXOR-D~5LEHLUmR3UHWR
6mR-RVpGRV&DPSRV5LRGH-DQHLUR1RYD)ULEXUJR3RUWR$OHJUH%UDVtOLD%HOpPH6$7GHYHUmRVHUWUDWDGRVGLUHWDPHQWHFRPD'LVQH\PHGLDDWUDYpVGRWHOHIRQH
2EV
1HW3UHoRXWLOL]DGRSDUDFRPSUDVQDFLRQDLVDWUDYpVGH~QLFRPDSDGHSURJUDPDomRHH[LELGRDSDUWLUGHXP~QLFRPDWHULDO
$GLIHUHQoDHQWUHR1(7H0HUFDGR1DFLRQDOpRLQFHQWLYRSDUDDFRPSUD1(7
2VFRHILFLHQWHVSDUDRFiOFXORGRFXVWRGRFRPHUFLDOGHVmRRVPHVPRVSDUDWRGRVRVPHUFDGRVHDTXLQHVWDWDEHODWDPEpPHVWmRLQFOXtGRVRVFRHILFLHQWHVGRV
SURJUDPDVTXHQmRWHPFXVWR1(7&RHILFLHQWHVGDSURJUDPDomR/RFDOFRQVXOWHWDEHOD/RFDO
23UHoRSDUDH[LELomRGR6$7pGRSUHoR1(7SDUDWRGRVRVFOLHQWHVFRPHUFLDLVLQFOXVLYHWHOHPDUNHWLQJWHOHYHQGDV
&RQVXOWHJUDGHGHGLVWULEXLomRVHPDQDO
2VSURJUDPDV712,-6%72.36(6(0DSUHVHQWDPYDULDo}HVHPVHXVKRUiULRVSDUDDOJXQVGLDVGDVHPDQD&RQVXOWDUJUDGHGHGLVWULEXLomRVHPDQDO
68'(67(
3UHoRVHPUHDLVYiOLGRVDSDUWLUGHGH2XWXEUR GH &RPHUFLDLVGH 9UV,,
',$
+25$
*Ç1(52
&Ï'
6mR3DXOR
6mR3DXOR
-D~
53UHWR
(VWDGR
6%7
6%7&23
6%7
352*5$0$
63(
63
63
63
-60$
-RUQDOGR6%70DQKm
,QIDQWLO
&6$
&DUURVVHO$QLPDGR
,QIDQWLO
0'66
0XQGR'LVQH\
,QIDQWLO
%20'
%RP'LD&LD
6(*6(;
K
-RUQDOLVPR
6(*6(;
K
6(*6(;
K
6(*6(;
K
6(*6È%
K
6pULH
6(7
6pULH7DUGH'XSODGR%DUXOKR
6(*6(;
K
$XGLWyULR
&6')
&DVRVGH)DPtOLD
6(*6(;
K
1RYHOD
197
1RYHOD7DUGH3pUROD1HJUD
6(*6(;
K
1RYHOD
197
1RYHOD7DUGH&RUDomR,QGRPiYHO
6(*6(;
K
1RYHOD
197
1RYHOD7DUGH$'RQD
6(*6$%
K
6pULH
651
6pULH1RLWH&KDYHV
6(*6$%
K
-RUQDOLVPR
6%7,
6%7%UDVLO
6(*6(;
K
1RYHOD
191
1RYHOD1RLWH&~PSOLFHVGHXP5HVJDWH
6(*6(;
K
1RYHOD
191
1RYHOD1RLWH&DUURVVHO
6(*6(;
K
$XGLWyULR
5$7+
3URJUDPDGR5DWLQKR
6(*6(;
K
$XGLWyULR
712,
7KH1RLWH
6(*6(;
K
-RUQDOLVPR
-6%7
-RUQDOGR6%7
6(*6(;
K
6KRZ
2.36
2ND\3HVVRDO
6(*'20
K
-RUQDOLVPR
-25
-RUQDOGR6%70DGUXJDGD
6(*'20
K
-RUQDOLVPR
-25
-RUQDOGR6%70DGUXJDGD5HSULVH
6(;
K
6pULH
76(
7HOH6HULDGRV,
6(;
K
6pULH
7/6
7HOH6HULDGRV,,
6(*
K
5HDOLW\6KRZ
04)0
0iTXLQDGD)DPD
7(5
K
)LOPH
&,1(
&LQH(VSHWDFXODU
48,
K
+XPRUtVWLFR
$3$&
$3UDoDp1RVVD
6(;
K
)LOPH
7(/$
7HODGH6XFHVVRV
6È%
K
,QIDQWLO
+9(
&KDYHV
6È%
K
,QIDQWLO
6$1,
6iEDGR$QLPDGR
6È%
K
,QIDQWLO
0',6
0XQGR'LVQH\
6È%
K
$XGLWyULR
5$8/
3URJUDPD5DXO*LO
6È%
K
5HDOLW\6KRZ
(645
(VTXDGUmRGD0RGD
6È%
K
5HDOLW\6KRZ
%$.(
%DNH2II%UDVLO0mRQD0DVVDDWp
6È%
K
5HDOLW\6KRZ
&2=3
+HOO
V.LWFKHQ&R]LQKD6RE3UHVVmRDSDUWLUGH
6È%
K
$XGLWyULR
6$%'
6DEDGmR
6È%
K
)LOPH
&%($
&LQH%HODV$UWHV
6È%
K
6pULH
7$4
$WDTXHGH5LVRV,/RYH/XF\
6È%
K
6pULH
7$4
$WDTXHGH5LVRV8PD)DPtOLD3HUGLGDQR0HLRGR1DGD
6È%
K
6pULH
7$4
$WDTXHGH5LVRV6XEXUJDWyULR
'20
K
5HSRUWDJHP
%&$0
%UDVLO&DPLQKRQHLUR
'20
K
'RFXPHQWiULR
785$
7XULVPR$YHQWXUD
'20
K
(VSRUWH
$&(5
$FHOHUDGRV
'20
K
,QIDQWLO
0','
0XQGR'LVQH\
'20
K
$XGLWyULR
'2/(
'RPLQJR/HJDO
'20
K
$XGLWyULR
3(/,
(OLDQD
'20
K
$XGLWyULR
366/
3URJUDPD6LOYLR6DQWRV
'20
K
5HSRUWDJHP
&5(3
&RQH[mR5HSyUWHU
'20
K
6pULH
6'2
6pULH'RPLQJR$UTXHLUR
'20
K
6pULH
6'2
6HULH'RPLQJR1LNLWD
'20
K
6pULH
6'2
6pULH'RPLQJR*ROGHQ%R\
1mRH[LEHHPPHUFDGR1(7&RQVXOWH3URJUDPDomR/RFDO
&RQVXOWHGLVSRQLELOLGDGHGHFRPHUFLDOL]DomR
-RUQDOGR6%7KHKQmRVHUmRH[LELGRVjVVH[WDVHViEDGRV
¬VTXDUWDVIHLUDVR3URJUDPDGR5DWLQKRVHUiH[LELGRGDVjV
7RGDFRPHUFLDOL]DomRUHIHUHQWHDRSURJUDPD%UDVLO&DPLQKRQHLURHRSHUDo}HVTXHHQYROYDPHVWHSURFHVVRGHYHUmRVHUWUDWDGRVGLUHWDPHQWHFRPR*UXSR&REUDPGHWHQWRUGRIRUPDWRDWUDYpVGRWHOHIRQH&RPHUFLDOL]DomR
GLVSRQtYHODSHQDVSDUDDSUDoD1(7
7RGDFRPHUFLDOL]DomRUHIHUHQWHDRVSURJUDPDV0XQGR'LVQH\HRSHUDo}HVTXHHQYROYDPHVWHSURFHVVRSDUDDVSUDoDV1(7H5HJLRQDLV6mR3DXOR-D~5LEHLUmR3UHWR6mR-RVpGRV&DPSRV5LRGH-DQHLUR1RYD)ULEXUJR3RUWR
$OHJUH%UDVtOLD%HOpPH6$7GHYHUmRVHUWUDWDGRVGLUHWDPHQWHFRPD'LVQH\PHGLDDWUDYpVGRWHOHIRQH
2EV
2VSURJUDPDV712,-6%72.36(6(0DSUHVHQWDPYDULDo}HVHPVHXVKRUiULRVSDUDDOJXQVGLDVGDVHPDQD&RQVXOWDUJUDGHGHGLVWULEXLomRVHPDQDO
$VRPD(VWDGRpSDUDHIHLWRGHSODQHMDPHQWRSRUWDQWRDVDXWRUL]Do}HVGHYHUmRSHUPDQHFHUFRPYDORUHVSUDoDDSUDoD
68'(67(
3UHoRVHPUHDLVYiOLGRVDSDUWLUGHGH2XWXEUR GH &RPHUFLDLVGH 9UV,,
',$
+25$
*Ç1(52
&Ï'
6RURFDED
$UDoDWXED
6-&DPSRV
6DQWRV
&DPSLQDV
796RURFDED
79,QWHULRU
6%7
979
352*5$0$
63
63
63
63
-60$
-RUQDOGR6%70DQKm
,QIDQWLO
&6$
&DUURVVHO$QLPDGR
,QIDQWLO
0'66
0XQGR'LVQH\
,QIDQWLO
%20'
%RP'LD&LD
6(*6(;
K
-RUQDOLVPR
6(*6(;
K
6(*6(;
K
6(*6(;
K
6(*6È%
K
6pULH
6(7
6pULH7DUGH'XSODGR%DUXOKR
6(*6(;
K
$XGLWyULR
&6')
&DVRVGH)DPtOLD
6(*6(;
K
1RYHOD
197
1RYHOD7DUGH3pUROD1HJUD
6(*6(;
K
1RYHOD
197
1RYHOD7DUGH&RUDomR,QGRPiYHO
6(*6(;
K
1RYHOD
197
1RYHOD7DUGH$'RQD
6(*6$%
K
6pULH
651
6pULH1RLWH&KDYHV
6(*6$%
K
-RUQDOLVPR
6%7,
6%7%UDVLO
6(*6(;
K
1RYHOD
191
1RYHOD1RLWH&~PSOLFHVGHXP5HVJDWH
6(*6(;
K
1RYHOD
191
1RYHOD1RLWH&DUURVVHO
6(*6(;
K
$XGLWyULR
5$7+
3URJUDPDGR5DWLQKR
6(*6(;
K
$XGLWyULR
712,
7KH1RLWH
6(*6(;
K
-RUQDOLVPR
-6%7
-RUQDOGR6%7
6(*6(;
K
6KRZ
2.36
2ND\3HVVRDO
6(*'20
K
-RUQDOLVPR
-25
-RUQDOGR6%70DGUXJDGD
6(*'20
K
-RUQDOLVPR
-25
-RUQDOGR6%70DGUXJDGD5HSULVH
6(;
K
6pULH
76(
7HOH6HULDGRV,
6(;
K
6pULH
7/6
7HOH6HULDGRV,,
6(*
K
5HDOLW\6KRZ
04)0
0iTXLQDGD)DPD
7(5
K
)LOPH
&,1(
&LQH(VSHWDFXODU
48,
K
+XPRUtVWLFR
$3$&
$3UDoDp1RVVD
6(;
K
)LOPH
7(/$
7HODGH6XFHVVRV
6È%
K
,QIDQWLO
+9(
&KDYHV
6È%
K
,QIDQWLO
6$1,
6iEDGR$QLPDGR
6È%
K
,QIDQWLO
0',6
0XQGR'LVQH\
6È%
K
$XGLWyULR
5$8/
3URJUDPD5DXO*LO
6È%
K
5HDOLW\6KRZ
(645
(VTXDGUmRGD0RGD
6È%
K
5HDOLW\6KRZ
%$.(
%DNH2II%UDVLO0mRQD0DVVDDWp
6È%
K
5HDOLW\6KRZ
&2=3
+HOO
V.LWFKHQ&R]LQKD6RE3UHVVmRDSDUWLUGH
6È%
K
$XGLWyULR
6$%'
6DEDGmR
6È%
K
)LOPH
&%($
&LQH%HODV$UWHV
6È%
K
6pULH
7$4
$WDTXHGH5LVRV,/RYH/XF\
6È%
K
6pULH
7$4
$WDTXHGH5LVRV8PD)DPtOLD3HUGLGDQR0HLRGR1DGD
6È%
K
6pULH
7$4
$WDTXHGH5LVRV6XEXUJDWyULR
'20
K
5HSRUWDJHP
%&$0
%UDVLO&DPLQKRQHLUR
'20
K
'RFXPHQWiULR
785$
7XULVPR$YHQWXUD
'20
K
(VSRUWH
$&(5
$FHOHUDGRV
'20
K
,QIDQWLO
0','
0XQGR'LVQH\
'20
K
$XGLWyULR
'2/(
'RPLQJR/HJDO
'20
K
$XGLWyULR
3(/,
(OLDQD
'20
K
$XGLWyULR
366/
3URJUDPD6LOYLR6DQWRV
'20
K
5HSRUWDJHP
&5(3
&RQH[mR5HSyUWHU
'20
K
6pULH
6'2
6pULH'RPLQJR$UTXHLUR
'20
K
6pULH
6'2
6HULH'RPLQJR1LNLWD
'20
K
6pULH
6'2
6pULH'RPLQJR*ROGHQ%R\
1mRH[LEHHPPHUFDGR1(7&RQVXOWH3URJUDPDomR/RFDO
&RQVXOWHGLVSRQLELOLGDGHGHFRPHUFLDOL]DomR
-RUQDOGR6%7KHKQmRVHUmRH[LELGRVjVVH[WDVHViEDGRV
¬VTXDUWDVIHLUDVR3URJUDPDGR5DWLQKRVHUiH[LELGRGDVjV
7RGDFRPHUFLDOL]DomRUHIHUHQWHDRSURJUDPD%UDVLO&DPLQKRQHLURHRSHUDo}HVTXHHQYROYDPHVWHSURFHVVRGHYHUmRVHUWUDWDGRVGLUHWDPHQWHFRPR*UXSR&REUDPGHWHQWRUGRIRUPDWRDWUDYpVGRWHOHIRQH
GLVSRQtYHODSHQDVSDUDDSUDoD1(7
7RGDFRPHUFLDOL]DomRUHIHUHQWHDRVSURJUDPDV0XQGR'LVQH\HRSHUDo}HVTXHHQYROYDPHVWHSURFHVVRSDUDDVSUDoDV1(7H5HJLRQDLV6mR3DXOR-D~5LEHLUmR3UHWR6mR-RVpGRV&DPSRV5LRGH
$OHJUH%UDVtOLD%HOpPH6$7GHYHUmRVHUWUDWDGRVGLUHWDPHQWHFRPD'LVQH\PHGLDDWUDYpVGRWHOHIRQH
2EV
2VSURJUDPDV712,-6%72.36(6(0DSUHVHQWDPYDULDo}HVHPVHXVKRUiULRVSDUDDOJXQVGLDVGDVHPDQD&RQVXOWDUJUDGHGHGLVWULEXLomRVHPDQDO
$VRPD(VWDGRpSDUDHIHLWRGHSODQHMDPHQWRSRUWDQWRDVDXWRUL]Do}HVGHYHUmRSHUPDQHFHUFRPYDORUHVSUDoDDSUDoD
68'(67(
3UHoRVHPUHDLVYiOLGRVDSDUWLUGHGH2XWXEUR GH &RPHUFLDLVGH 9UV,,
5LRGH-DQHLUR 5LRGH-DQHLUR
',$
+25$
*Ç1(52
&Ï'
1
(VSLULWR6DQWR
)ULEXUJR
352*5$0$
(VWDGR
6%7
6%7
797ULEXQD
(6
5-(
5-
5-
6(*6(;
K
-RUQDOLVPR
-60$
-RUQDOGR6%70DQKm
6(*6(;
K
,QIDQWLO
&6$
&DUURVVHO$QLPDGR
6(*6(;
K
,QIDQWLO
0'66
0XQGR'LVQH\
6(*6(;
K
,QIDQWLO
%20'
%RP'LD&LD
6(*6È%
K
6pULH
6(7
6pULH7DUGH'XSODGR%DUXOKR
6(*6(;
K
$XGLWyULR
&6')
&DVRVGH)DPtOLD
6(*6(;
K
1RYHOD
197
1RYHOD7DUGH3pUROD1HJUD
6(*6(;
K
1RYHOD
197
1RYHOD7DUGH&RUDomR,QGRPiYHO
6(*6(;
K
1RYHOD
197
1RYHOD7DUGH$'RQD
6(*6$%
K
6pULH
651
6pULH1RLWH&KDYHV
6(*6$%
K
-RUQDOLVPR
6%7,
6%7%UDVLO
6(*6(;
K
1RYHOD
191
1RYHOD1RLWH&~PSOLFHVGHXP5HVJDWH
6(*6(;
K
1RYHOD
191
1RYHOD1RLWH&DUURVVHO
6(*6(;
K
$XGLWyULR
5$7+
3URJUDPDGR5DWLQKR
6(*6(;
K
$XGLWyULR
712,
7KH1RLWH
6(*6(;
K
-RUQDOLVPR
-6%7
-RUQDOGR6%7
6(*6(;
K
6KRZ
2.36
2ND\3HVVRDO
6(*'20
K
-RUQDOLVPR
-25
-RUQDOGR6%70DGUXJDGD
6(*'20
K
-RUQDOLVPR
-25
-RUQDOGR6%70DGUXJDGD5HSULVH
6(;
K
6pULH
76(
7HOH6HULDGRV,
6(;
K
6pULH
7/6
7HOH6HULDGRV,,
6(*
K
5HDOLW\6KRZ
04)0
0iTXLQDGD)DPD
7(5
K
)LOPH
&,1(
&LQH(VSHWDFXODU
48,
K
+XPRUtVWLFR
$3$&
$3UDoDp1RVVD
6(;
K
)LOPH
7(/$
7HODGH6XFHVVRV
6È%
K
,QIDQWLO
+9(
&KDYHV
6È%
K
,QIDQWLO
6$1,
6iEDGR$QLPDGR
6È%
K
,QIDQWLO
0',6
0XQGR'LVQH\
6È%
K
$XGLWyULR
5$8/
3URJUDPD5DXO*LO
6È%
K
5HDOLW\6KRZ
(645
(VTXDGUmRGD0RGD
6È%
K
5HDOLW\6KRZ
%$.(
%DNH2II%UDVLO0mRQD0DVVDDWp
6È%
K
5HDOLW\6KRZ
&2=3
+HOO
V.LWFKHQ&R]LQKD6RE3UHVVmRDSDUWLUGH
6È%
K
$XGLWyULR
6$%'
6DEDGmR
6È%
K
)LOPH
&%($
&LQH%HODV$UWHV
6È%
K
6pULH
7$4
$WDTXHGH5LVRV,/RYH/XF\
6È%
K
6pULH
7$4
$WDTXHGH5LVRV8PD)DPtOLD3HUGLGDQR0HLRGR1DGD
6È%
K
6pULH
7$4
$WDTXHGH5LVRV6XEXUJDWyULR
'20
K
5HSRUWDJHP
%&$0
%UDVLO&DPLQKRQHLUR
'20
K
'RFXPHQWiULR
785$
7XULVPR$YHQWXUD
'20
K
(VSRUWH
$&(5
$FHOHUDGRV
'20
K
,QIDQWLO
0','
0XQGR'LVQH\
'20
K
$XGLWyULR
'2/(
'RPLQJR/HJDO
'20
K
$XGLWyULR
3(/,
(OLDQD
'20
K
$XGLWyULR
366/
3URJUDPD6LOYLR6DQWRV
'20
K
5HSRUWDJHP
&5(3
&RQH[mR5HSyUWHU
'20
K
6pULH
6'2
6pULH'RPLQJR$UTXHLUR
'20
K
6pULH
6'2
6HULH'RPLQJR1LNLWD
'20
K
6pULH
6'2
6pULH'RPLQJR*ROGHQ%R\
1mRH[LEHHPPHUFDGR1(7&RQVXOWH3URJUDPDomR/RFDO
&RQVXOWHGLVSRQLELOLGDGHGHFRPHUFLDOL]DomR
-RUQDOGR6%7KHKQmRVHUmRH[LELGRVjVVH[WDVHViEDGRV
¬VTXDUWDVIHLUDVR3URJUDPDGR5DWLQKRVHUiH[LELGRGDVjV
7RGDFRPHUFLDOL]DomRUHIHUHQWHDRSURJUDPD%UDVLO&DPLQKRQHLURHRSHUDo}HVTXHHQYROYDPHVWHSURFHVVRGHYHUmRVHUWUDWDGRVGLUHWDPHQWHFRPR*UXSR&REUDPGHWHQWRUGRIRUPDWRDWUDYpVGRWHOHIRQH
GLVSRQtYHODSHQDVSDUDDSUDoD1(7
7RGDFRPHUFLDOL]DomRUHIHUHQWHDRVSURJUDPDV0XQGR'LVQH\HRSHUDo}HVTXHHQYROYDPHVWHSURFHVVRSDUDDVSUDoDV1(7H5HJLRQDLV6mR3DXOR-D~5LEHLUmR3UHWR6mR-RVpGRV&DPSRV5LRGH
$OHJUH%UDVtOLD%HOpPH6$7GHYHUmRVHUWUDWDGRVGLUHWDPHQWHFRPD'LVQH\PHGLDDWUDYpVGRWHOHIRQH
2EV
2VSURJUDPDV712,-6%72.36(6(0DSUHVHQWDPYDULDo}HVHPVHXVKRUiULRVSDUDDOJXQVGLDVGDVHPDQD&RQVXOWDUJUDGHGHGLVWULEXLomRVHPDQDO
$VRPD(VWDGRpSDUDHIHLWRGHSODQHMDPHQWRSRUWDQWRDVDXWRUL]Do}HVGHYHUmRSHUPDQHFHUFRPYDORUHVSUDoDDSUDoD
68'(67(
3UHoRVHPUHDLVYiOLGRVDSDUWLUGHGH2XWXEUR GH &RPHUFLDLVGH 9UV,,
',$
+25$
*Ç1(52
&Ï'
0LQDV
*HUDLV
%+
(VWDGR
79
$OWHURVD
352*5$0$
,WXLXWDED
8EHUOkQGLD
79
799LWRULRVD
9LWRULRVD
9DUJLQKD
79$OWHURVD
6XO
0*(
0*
0*
0*
0*
6(*6(;
K
-RUQDOLVPR
-60$
-RUQDOGR6%70DQKm
6(*6(;
K
,QIDQWLO
&6$
&DUURVVHO$QLPDGR
6(*6(;
K
,QIDQWLO
0'66
0XQGR'LVQH\
6(*6(;
K
,QIDQWLO
%20'
%RP'LD&LD
6(*6È%
K
6pULH
6(7
6pULH7DUGH'XSODGR%DUXOKR
6(*6(;
K
$XGLWyULR
&6')
&DVRVGH)DPtOLD
6(*6(;
K
1RYHOD
197
1RYHOD7DUGH3pUROD1HJUD
6(*6(;
K
1RYHOD
197
1RYHOD7DUGH&RUDomR,QGRPiYHO
6(*6(;
K
1RYHOD
197
1RYHOD7DUGH$'RQD
6(*6$%
K
6pULH
651
6pULH1RLWH&KDYHV
6(*6$%
K
-RUQDOLVPR
6%7,
6%7%UDVLO
6(*6(;
K
1RYHOD
191
1RYHOD1RLWH&~PSOLFHVGHXP5HVJDWH
6(*6(;
K
1RYHOD
191
1RYHOD1RLWH&DUURVVHO
6(*6(;
K
$XGLWyULR
5$7+
3URJUDPDGR5DWLQKR
6(*6(;
K
$XGLWyULR
712,
7KH1RLWH
6(*6(;
K
-RUQDOLVPR
-6%7
-RUQDOGR6%7
6(*6(;
K
6KRZ
2.36
2ND\3HVVRDO
6(*'20
K
-RUQDOLVPR
-25
-RUQDOGR6%70DGUXJDGD
6(*'20
K
-RUQDOLVPR
-25
-RUQDOGR6%70DGUXJDGD5HSULVH
6(;
K
6pULH
76(
7HOH6HULDGRV,
6(;
K
6pULH
7/6
7HOH6HULDGRV,,
6(*
K
5HDOLW\6KRZ
04)0
0iTXLQDGD)DPD
7(5
K
)LOPH
&,1(
&LQH(VSHWDFXODU
48,
K
+XPRUtVWLFR
$3$&
$3UDoDp1RVVD
6(;
K
)LOPH
7(/$
7HODGH6XFHVVRV
6È%
K
,QIDQWLO
+9(
&KDYHV
6È%
K
,QIDQWLO
6$1,
6iEDGR$QLPDGR
6È%
K
,QIDQWLO
0',6
0XQGR'LVQH\
6È%
K
$XGLWyULR
5$8/
3URJUDPD5DXO*LO
6È%
K
5HDOLW\6KRZ
(645
(VTXDGUmRGD0RGD
6È%
K
5HDOLW\6KRZ
%$.(
%DNH2II%UDVLO0mRQD0DVVDDWp
6È%
K
5HDOLW\6KRZ
&2=3
+HOO
V.LWFKHQ&R]LQKD6RE3UHVVmRDSDUWLUGH
6È%
K
$XGLWyULR
6$%'
6DEDGmR
6È%
K
)LOPH
&%($
&LQH%HODV$UWHV
6È%
K
6pULH
7$4
$WDTXHGH5LVRV,/RYH/XF\
6È%
K
6pULH
7$4
$WDTXHGH5LVRV8PD)DPtOLD3HUGLGDQR0HLRGR1DGD
6È%
K
6pULH
7$4
$WDTXHGH5LVRV6XEXUJDWyULR
'20
K
5HSRUWDJHP
%&$0
%UDVLO&DPLQKRQHLUR
'20
K
'RFXPHQWiULR
785$
7XULVPR$YHQWXUD
'20
K
(VSRUWH
$&(5
$FHOHUDGRV
'20
K
,QIDQWLO
0','
0XQGR'LVQH\
'20
K
$XGLWyULR
'2/(
'RPLQJR/HJDO
'20
K
$XGLWyULR
3(/,
(OLDQD
'20
K
$XGLWyULR
366/
3URJUDPD6LOYLR6DQWRV
'20
K
5HSRUWDJHP
&5(3
&RQH[mR5HSyUWHU
'20
K
6pULH
6'2
6pULH'RPLQJR$UTXHLUR
'20
K
6pULH
6'2
6HULH'RPLQJR1LNLWD
'20
K
6pULH
6'2
6pULH'RPLQJR*ROGHQ%R\
1mRH[LEHHPPHUFDGR1(7&RQVXOWH3URJUDPDomR/RFDO
&RQVXOWHGLVSRQLELOLGDGHGHFRPHUFLDOL]DomR
-RUQDOGR6%7KHKQmRVHUmRH[LELGRVjVVH[WDVHViEDGRV
¬VTXDUWDVIHLUDVR3URJUDPDGR5DWLQKRVHUiH[LELGRGDVjV
7RGDFRPHUFLDOL]DomRUHIHUHQWHDRSURJUDPD%UDVLO&DPLQKRQHLURHRSHUDo}HVTXHHQYROYDPHVWHSURFHVVRGHYHUmRVHUWUDWDGRVGLUHWDPHQWHFRPR*UXSR&REUDPGHWHQWRUGRIRUPDWRDWUDYpVGRWHOHIRQH
GLVSRQtYHODSHQDVSDUDDSUDoD1(7
7RGDFRPHUFLDOL]DomRUHIHUHQWHDRVSURJUDPDV0XQGR'LVQH\HRSHUDo}HVTXHHQYROYDPHVWHSURFHVVRSDUDDVSUDoDV1(7H5HJLRQDLV6mR3DXOR-D~5LEHLUmR3UHWR6mR-RVpGRV&DPSRV5LRGH
$OHJUH%UDVtOLD%HOpPH6$7GHYHUmRVHUWUDWDGRVGLUHWDPHQWHFRPD'LVQH\PHGLDDWUDYpVGRWHOHIRQH
2EV
2VSURJUDPDV712,-6%72.36(6(0DSUHVHQWDPYDULDo}HVHPVHXVKRUiULRVSDUDDOJXQVGLDVGDVHPDQD&RQVXOWDUJUDGHGHGLVWULEXLomRVHPDQDO
$VRPD(VWDGRpSDUDHIHLWRGHSODQHMDPHQWRSRUWDQWRDVDXWRUL]Do}HVGHYHUmRSHUPDQHFHUFRPYDORUHVSUDoDDSUDoD
68'(67(
3UHoRVHPUHDLVYiOLGRVDSDUWLUGHGH2XWXEUR GH &RPHUFLDLVGH 9UV,,
',$
+25$
*Ç1(52
&Ï'
,QWHULRU
-GH)RUD
'LYLQySROLV
0DQKXDoX
79$OWHURVD
79$OWHURVD
79$OWHURVD
79$OWHURVD
/HVWH
352*5$0$
0*
0*
0*
0*
6(*6(;
K
-RUQDOLVPR
-60$
-RUQDOGR6%70DQKm
6(*6(;
K
,QIDQWLO
&6$
&DUURVVHO$QLPDGR
6(*6(;
K
,QIDQWLO
0'66
0XQGR'LVQH\
6(*6(;
K
,QIDQWLO
%20'
%RP'LD&LD
6(*6È%
K
6pULH
6(7
6pULH7DUGH'XSODGR%DUXOKR
6(*6(;
K
$XGLWyULR
&6')
&DVRVGH)DPtOLD
6(*6(;
K
1RYHOD
197
1RYHOD7DUGH3pUROD1HJUD
6(*6(;
K
1RYHOD
197
1RYHOD7DUGH&RUDomR,QGRPiYHO
6(*6(;
K
1RYHOD
197
1RYHOD7DUGH$'RQD
6(*6$%
K
6pULH
651
6pULH1RLWH&KDYHV
6(*6$%
K
-RUQDOLVPR
6%7,
6%7%UDVLO
6(*6(;
K
1RYHOD
191
1RYHOD1RLWH&~PSOLFHVGHXP5HVJDWH
6(*6(;
K
1RYHOD
191
1RYHOD1RLWH&DUURVVHO
6(*6(;
K
$XGLWyULR
5$7+
3URJUDPDGR5DWLQKR
6(*6(;
K
$XGLWyULR
712,
7KH1RLWH
6(*6(;
K
-RUQDOLVPR
-6%7
-RUQDOGR6%7
6(*6(;
K
6KRZ
2.36
2ND\3HVVRDO
6(*'20
K
-RUQDOLVPR
-25
-RUQDOGR6%70DGUXJDGD
6(*'20
K
-RUQDOLVPR
-25
-RUQDOGR6%70DGUXJDGD5HSULVH
6(;
K
6pULH
76(
7HOH6HULDGRV,
6(;
K
6pULH
7/6
7HOH6HULDGRV,,
6(*
K
5HDOLW\6KRZ
04)0
0iTXLQDGD)DPD
7(5
K
)LOPH
&,1(
&LQH(VSHWDFXODU
48,
K
+XPRUtVWLFR
$3$&
$3UDoDp1RVVD
6(;
K
)LOPH
7(/$
7HODGH6XFHVVRV
6È%
K
,QIDQWLO
+9(
&KDYHV
6È%
K
,QIDQWLO
6$1,
6iEDGR$QLPDGR
6È%
K
,QIDQWLO
0',6
0XQGR'LVQH\
6È%
K
$XGLWyULR
5$8/
3URJUDPD5DXO*LO
6È%
K
5HDOLW\6KRZ
(645
(VTXDGUmRGD0RGD
6È%
K
5HDOLW\6KRZ
%$.(
%DNH2II%UDVLO0mRQD0DVVDDWp
6È%
K
5HDOLW\6KRZ
&2=3
+HOO
V.LWFKHQ&R]LQKD6RE3UHVVmRDSDUWLUGH
6È%
K
$XGLWyULR
6$%'
6DEDGmR
6È%
K
)LOPH
&%($
&LQH%HODV$UWHV
6È%
K
6pULH
7$4
$WDTXHGH5LVRV,/RYH/XF\
6È%
K
6pULH
7$4
$WDTXHGH5LVRV8PD)DPtOLD3HUGLGDQR0HLRGR1DGD
6È%
K
6pULH
7$4
$WDTXHGH5LVRV6XEXUJDWyULR
'20
K
5HSRUWDJHP
%&$0
%UDVLO&DPLQKRQHLUR
'20
K
'RFXPHQWiULR
785$
7XULVPR$YHQWXUD
'20
K
(VSRUWH
$&(5
$FHOHUDGRV
'20
K
,QIDQWLO
0','
0XQGR'LVQH\
'20
K
$XGLWyULR
'2/(
'RPLQJR/HJDO
'20
K
$XGLWyULR
3(/,
(OLDQD
'20
K
$XGLWyULR
366/
3URJUDPD6LOYLR6DQWRV
'20
K
5HSRUWDJHP
&5(3
&RQH[mR5HSyUWHU
'20
K
6pULH
6'2
6pULH'RPLQJR$UTXHLUR
'20
K
6pULH
6'2
6HULH'RPLQJR1LNLWD
'20
K
6pULH
6'2
6pULH'RPLQJR*ROGHQ%R\
1mRH[LEHHPPHUFDGR1(7&RQVXOWH3URJUDPDomR/RFDO
&RQVXOWHGLVSRQLELOLGDGHGHFRPHUFLDOL]DomR
-RUQDOGR6%7KHKQmRVHUmRH[LELGRVjVVH[WDVHViEDGRV
¬VTXDUWDVIHLUDVR3URJUDPDGR5DWLQKRVHUiH[LELGRGDVjV
7RGDFRPHUFLDOL]DomRUHIHUHQWHDRSURJUDPD%UDVLO&DPLQKRQHLURHRSHUDo}HVTXHHQYROYDPHVWHSURFHVVRGHYHUmRVHUWUDWDGRVGLUHWDPHQWHFRPR*UXSR&REUDPGHWHQWRUGRIRUPDWRDWUDYpVGRWHOHIRQH
GLVSRQtYHODSHQDVSDUDDSUDoD1(7
7RGDFRPHUFLDOL]DomRUHIHUHQWHDRVSURJUDPDV0XQGR'LVQH\HRSHUDo}HVTXHHQYROYDPHVWHSURFHVVRSDUDDVSUDoDV1(7H5HJLRQDLV6mR3DXOR-D~5LEHLUmR3UHWR6mR-RVpGRV&DPSRV5LRGH
$OHJUH%UDVtOLD%HOpPH6$7GHYHUmRVHUWUDWDGRVGLUHWDPHQWHFRPD'LVQH\PHGLDDWUDYpVGRWHOHIRQH
2EV
2VSURJUDPDV712,-6%72.36(6(0DSUHVHQWDPYDULDo}HVHPVHXVKRUiULRVSDUDDOJXQVGLDVGDVHPDQD&RQVXOWDUJUDGHGHGLVWULEXLomRVHPDQDO
$VRPD(VWDGRpSDUDHIHLWRGHSODQHMDPHQWRSRUWDQWRDVDXWRUL]Do}HVGHYHUmRSHUPDQHFHUFRPYDORUHVSUDoDDSUDoD
68/
3UHoRVHPUHDLVYiOLGRVDSDUWLUGHGH2XWXEURGH &RPHUFLDLVGH 9UV,,
',$
+25$
*Ç1(52
&Ï'
3RUWR$OHJUH
6DQWD&DWDULQD
(VWDGR
3DUDQi
&XULWLED
6%7
79/DJHV
(VWDGR
79,JXDoX
352*5$0$
56
6&
35(
35
-60$
-RUQDOGR6%70DQKm
,QIDQWLO
&6$
&DUURVVHO$QLPDGR
,QIDQWLO
0'66
0XQGR'LVQH\
,QIDQWLO
%20'
%RP'LD&LD
6(7
6pULH7DUGH'XSODGR%DUXOKR
&6')
&DVRVGH)DPtOLD
197
1RYHOD7DUGH3pUROD1HJUD
197
1RYHOD7DUGH&RUDomR,QGRPiYHO
1RYHOD
197
1RYHOD7DUGH$'RQD
K
6pULH
651
6pULH1RLWH&KDYHV
6(*6$%
K
-RUQDOLVPR
6%7,
6%7%UDVLO
6(*6(;
K
1RYHOD
191
1RYHOD1RLWH&~PSOLFHVGHXP5HVJDWH
6(*6(;
K
1RYHOD
191
1RYHOD1RLWH&DUURVVHO
6(*6(;
K
$XGLWyULR
5$7+
3URJUDPDGR5DWLQKR
6(*6(;
K
$XGLWyULR
712,
7KH1RLWH
6(*6(;
K
-RUQDOLVPR
-6%7
-RUQDOGR6%7
6(*6(;
K
6KRZ
2.36
2ND\3HVVRDO
6(*'20
K
-RUQDOLVPR
-25
-RUQDOGR6%70DGUXJDGD
6(*'20
K
-RUQDOLVPR
-25
-RUQDOGR6%70DGUXJDGD5HSULVH
6(;
K
6pULH
76(
7HOH6HULDGRV,
6(;
K
6pULH
7/6
7HOH6HULDGRV,,
6(*
K
5HDOLW\6KRZ
04)0
0iTXLQDGD)DPD
7(5
K
)LOPH
&,1(
&LQH(VSHWDFXODU
48,
K
+XPRUtVWLFR
$3$&
$3UDoDp1RVVD
6(;
K
)LOPH
7(/$
7HODGH6XFHVVRV
6È%
K
,QIDQWLO
+9(
&KDYHV
6È%
K
,QIDQWLO
6$1,
6iEDGR$QLPDGR
6(*6(;
K
-RUQDOLVPR
6(*6(;
K
6(*6(;
K
6(*6(;
K
6(*6È%
K
6pULH
6(*6(;
K
$XGLWyULR
6(*6(;
K
1RYHOD
6(*6(;
K
1RYHOD
6(*6(;
K
6(*6$%
6È%
K
,QIDQWLO
0',6
0XQGR'LVQH\
6È%
K
$XGLWyULR
5$8/
3URJUDPD5DXO*LO
6È%
K
5HDOLW\6KRZ
(645
(VTXDGUmRGD0RGD
6È%
K
5HDOLW\6KRZ
%$.(
%DNH2II%UDVLO0mRQD0DVVDDWp
6È%
K
5HDOLW\6KRZ
&2=3
+HOO
V.LWFKHQ&R]LQKD6RE3UHVVmRDSDUWLUGH
6È%
K
$XGLWyULR
6$%'
6DEDGmR
6È%
K
)LOPH
&%($
&LQH%HODV$UWHV
6È%
K
6pULH
7$4
$WDTXHGH5LVRV,/RYH/XF\
6È%
K
6pULH
7$4
$WDTXHGH5LVRV8PD)DPtOLD3HUGLGDQR0HLRGR1DGD
6È%
K
6pULH
7$4
$WDTXHGH5LVRV6XEXUJDWyULR
'20
K
5HSRUWDJHP
%&$0
%UDVLO&DPLQKRQHLUR
'20
K
'RFXPHQWiULR
785$
7XULVPR$YHQWXUD
'20
K
(VSRUWH
$&(5
$FHOHUDGRV
'20
K
,QIDQWLO
0','
0XQGR'LVQH\
'20
K
$XGLWyULR
'2/(
'RPLQJR/HJDO
'20
K
$XGLWyULR
3(/,
(OLDQD
'20
K
$XGLWyULR
366/
3URJUDPD6LOYLR6DQWRV
'20
K
5HSRUWDJHP
&5(3
&RQH[mR5HSyUWHU
'20
K
6pULH
6'2
6pULH'RPLQJR$UTXHLUR
'20
K
6pULH
6'2
6HULH'RPLQJR1LNLWD
'20
K
6pULH
6'2
6pULH'RPLQJR*ROGHQ%R\
1mRH[LEHHPPHUFDGR1(7&RQVXOWH3URJUDPDomR/RFDO
&RQVXOWHGLVSRQLELOLGDGHGHFRPHUFLDOL]DomR
-RUQDOGR6%7KHKQmRVHUmRH[LELGRVjVVH[WDVHViEDGRV
¬VTXDUWDVIHLUDVR3URJUDPDGR5DWLQKRVHUiH[LELGRGDVjV
7RGDFRPHUFLDOL]DomRUHIHUHQWHDRSURJUDPD%UDVLO&DPLQKRQHLURHRSHUDo}HVTXHHQYROYDPHVWHSURFHVVRGHYHUmRVHUWUDWDGRVGLUHWDPHQWHFRPR*UXSR&REUDPGHWHQWRUGRIRUPDWRDWUDYpVGRWHOHIRQH&RPHUFLDOL]DomR
GLVSRQtYHODSHQDVSDUDDSUDoD1(7
7RGDFRPHUFLDOL]DomRUHIHUHQWHDRVSURJUDPDV0XQGR'LVQH\HRSHUDo}HVTXHHQYROYDPHVWHSURFHVVRSDUDDVSUDoDV1(7H5HJLRQDLV6mR3DXOR-D~5LEHLUmR3UHWR6mR-RVpGRV&DPSRV5LRGH-DQHLUR1RYD)ULEXUJR3RUWR
$OHJUH%UDVtOLD%HOpPH6$7GHYHUmRVHUWUDWDGRVGLUHWDPHQWHFRPD'LVQH\PHGLDDWUDYpVGRWHOHIRQH
2EV
2VSURJUDPDV712,-6%72.36(6(0DSUHVHQWDPYDULDo}HVHPVHXVKRUiULRVSDUDDOJXQVGLDVGDVHPDQD&RQVXOWDUJUDGHGHGLVWULEXLomRVHPDQDO
$VRPD(VWDGRpSDUDHIHLWRGHSODQHMDPHQWRSRUWDQWRDVDXWRUL]Do}HVGHYHUmRSHUPDQHFHUFRPYDORUHVSUDoDDSUDoD
68/
3UHoRVHPUHDLVYiOLGRVDSDUWLUGHGH2XWXEURGH &RPHUFLDLVGH 9UV,,
',$
+25$
*Ç1(52
&Ï'
0DULQJi
/RQGULQD
)R]GR,JXDoX 3RQWD*URVVD
797LEDJL
79&LGDGH
791DLSL
79*XDUi
352*5$0$
35
35
35
35
6(*6(;
K
-RUQDOLVPR
-60$
-RUQDOGR6%70DQKm
6(*6(;
K
,QIDQWLO
&6$
&DUURVVHO$QLPDGR
6(*6(;
K
,QIDQWLO
0'66
0XQGR'LVQH\
6(*6(;
K
,QIDQWLO
%20'
%RP'LD&LD
6(*6È%
K
6pULH
6(7
6pULH7DUGH'XSODGR%DUXOKR
6(*6(;
K
$XGLWyULR
&6')
&DVRVGH)DPtOLD
6(*6(;
K
1RYHOD
197
1RYHOD7DUGH3pUROD1HJUD
6(*6(;
K
1RYHOD
197
1RYHOD7DUGH&RUDomR,QGRPiYHO
6(*6(;
K
1RYHOD
197
1RYHOD7DUGH$'RQD
6(*6$%
K
6pULH
651
6pULH1RLWH&KDYHV
6(*6$%
K
-RUQDOLVPR
6%7,
6%7%UDVLO
6(*6(;
K
1RYHOD
191
1RYHOD1RLWH&~PSOLFHVGHXP5HVJDWH
6(*6(;
K
1RYHOD
191
1RYHOD1RLWH&DUURVVHO
6(*6(;
K
$XGLWyULR
5$7+
3URJUDPDGR5DWLQKR
6(*6(;
K
$XGLWyULR
712,
7KH1RLWH
6(*6(;
K
-RUQDOLVPR
-6%7
-RUQDOGR6%7
6(*6(;
K
6KRZ
2.36
2ND\3HVVRDO
6(*'20
K
-RUQDOLVPR
-25
-RUQDOGR6%70DGUXJDGD
6(*'20
K
-RUQDOLVPR
-25
-RUQDOGR6%70DGUXJDGD5HSULVH
6(;
K
6pULH
76(
7HOH6HULDGRV,
6(;
K
6pULH
7/6
7HOH6HULDGRV,,
6(*
K
5HDOLW\6KRZ
04)0
0iTXLQDGD)DPD
7(5
K
)LOPH
&,1(
&LQH(VSHWDFXODU
48,
K
+XPRUtVWLFR
$3$&
$3UDoDp1RVVD
6(;
K
)LOPH
7(/$
7HODGH6XFHVVRV
6È%
K
,QIDQWLO
+9(
&KDYHV
6È%
K
,QIDQWLO
6$1,
6iEDGR$QLPDGR
6È%
K
,QIDQWLO
0',6
0XQGR'LVQH\
6È%
K
$XGLWyULR
5$8/
3URJUDPD5DXO*LO
6È%
K
5HDOLW\6KRZ
(645
(VTXDGUmRGD0RGD
6È%
K
5HDOLW\6KRZ
%$.(
%DNH2II%UDVLO0mRQD0DVVDDWp
6È%
K
5HDOLW\6KRZ
&2=3
+HOO
V.LWFKHQ&R]LQKD6RE3UHVVmRDSDUWLUGH
6È%
K
$XGLWyULR
6$%'
6DEDGmR
6È%
K
)LOPH
&%($
&LQH%HODV$UWHV
6È%
K
6pULH
7$4
$WDTXHGH5LVRV,/RYH/XF\
6È%
K
6pULH
7$4
$WDTXHGH5LVRV8PD)DPtOLD3HUGLGDQR0HLRGR1DGD
6È%
K
6pULH
7$4
$WDTXHGH5LVRV6XEXUJDWyULR
'20
K
5HSRUWDJHP
%&$0
%UDVLO&DPLQKRQHLUR
'20
K
'RFXPHQWiULR
785$
7XULVPR$YHQWXUD
'20
K
(VSRUWH
$&(5
$FHOHUDGRV
'20
K
,QIDQWLO
0','
0XQGR'LVQH\
'20
K
$XGLWyULR
'2/(
'RPLQJR/HJDO
'20
K
$XGLWyULR
3(/,
(OLDQD
'20
K
$XGLWyULR
366/
3URJUDPD6LOYLR6DQWRV
'20
K
5HSRUWDJHP
&5(3
&RQH[mR5HSyUWHU
'20
K
6pULH
6'2
6pULH'RPLQJR$UTXHLUR
'20
K
6pULH
6'2
6HULH'RPLQJR1LNLWD
'20
K
6pULH
6'2
6pULH'RPLQJR*ROGHQ%R\
1mRH[LEHHPPHUFDGR1(7&RQVXOWH3URJUDPDomR/RFDO
&RQVXOWHGLVSRQLELOLGDGHGHFRPHUFLDOL]DomR
-RUQDOGR6%7KHKQmRVHUmRH[LELGRVjVVH[WDVHViEDGRV
¬VTXDUWDVIHLUDVR3URJUDPDGR5DWLQKRVHUiH[LELGRGDVjV
7RGDFRPHUFLDOL]DomRUHIHUHQWHDRSURJUDPD%UDVLO&DPLQKRQHLURHRSHUDo}HVTXHHQYROYDPHVWHSURFHVVRGHYHUmRVHUWUDWDGRVGLUHWDPHQWHFRPR*UXSR&REUDPGHWHQWRUGRIRUPDWRDWUDYpVGRWHOHIRQH
GLVSRQtYHODSHQDVSDUDDSUDoD1(7
7RGDFRPHUFLDOL]DomRUHIHUHQWHDRVSURJUDPDV0XQGR'LVQH\HRSHUDo}HVTXHHQYROYDPHVWHSURFHVVRSDUDDVSUDoDV1(7H5HJLRQDLV6mR3DXOR-D~5LEHLUmR3UHWR6mR-RVpGRV&DPSRV5LRGH
$OHJUH%UDVtOLD%HOpPH6$7GHYHUmRVHUWUDWDGRVGLUHWDPHQWHFRPD'LVQH\PHGLDDWUDYpVGRWHOHIRQH
2EV
2VSURJUDPDV712,-6%72.36(6(0DSUHVHQWDPYDULDo}HVHPVHXVKRUiULRVSDUDDOJXQVGLDVGDVHPDQD&RQVXOWDUJUDGHGHGLVWULEXLomRVHPDQDO
$VRPD(VWDGRpSDUDHIHLWRGHSODQHMDPHQWRSRUWDQWRDVDXWRUL]Do}HVGHYHUmRSHUPDQHFHUFRPYDORUHVSUDoDDSUDoD
&(17522(67(
3UHoRVHPUHDLVYiOLGRVDSDUWLUGHGH2XWXEURGH &RPHUFLDLVGH 9UV,,
',$
+25$
*Ç1(52
&Ï'
0DWR*URVVR
&XLDEi
$OWD)ORUHVWD
0DWXSi
(VWDGR
795RQGRQ
&DQDO
791RUWmR
792XURPLQDV
07
352*5$0$
07(
07
07
6(*6(;
K
-RUQDOLVPR
-60$
-RUQDOGR6%70DQKm
6(*6(;
K
,QIDQWLO
&6$
&DUURVVHO$QLPDGR
6(*6(;
K
,QIDQWLO
0'66
0XQGR'LVQH\
6(*6(;
K
,QIDQWLO
%20'
%RP'LD&LD
6(*6È%
K
6pULH
6(7
6pULH7DUGH'XSODGR%DUXOKR
6(*6(;
K
$XGLWyULR
&6')
&DVRVGH)DPtOLD
6(*6(;
K
1RYHOD
197
1RYHOD7DUGH3pUROD1HJUD
6(*6(;
K
1RYHOD
197
1RYHOD7DUGH&RUDomR,QGRPiYHO
6(*6(;
K
1RYHOD
197
1RYHOD7DUGH$'RQD
6(*6$%
K
6pULH
651
6pULH1RLWH&KDYHV
6(*6$%
K
-RUQDOLVPR
6%7,
6%7%UDVLO
6(*6(;
K
1RYHOD
191
1RYHOD1RLWH&~PSOLFHVGHXP5HVJDWH
6(*6(;
K
1RYHOD
191
1RYHOD1RLWH&DUURVVHO
6(*6(;
K
$XGLWyULR
5$7+
3URJUDPDGR5DWLQKR
6(*6(;
K
$XGLWyULR
712,
7KH1RLWH
6(*6(;
K
-RUQDOLVPR
-6%7
-RUQDOGR6%7
6(*6(;
K
6KRZ
2.36
2ND\3HVVRDO
6(*'20
K
-RUQDOLVPR
-25
-RUQDOGR6%70DGUXJDGD
6(*'20
K
-RUQDOLVPR
-25
-RUQDOGR6%70DGUXJDGD5HSULVH
6(;
K
6pULH
76(
7HOH6HULDGRV,
6(;
K
6pULH
7/6
7HOH6HULDGRV,,
6(*
K
5HDOLW\6KRZ
04)0
0iTXLQDGD)DPD
7(5
K
)LOPH
&,1(
&LQH(VSHWDFXODU
48,
K
+XPRUtVWLFR
$3$&
$3UDoDp1RVVD
6(;
K
)LOPH
7(/$
7HODGH6XFHVVRV
6È%
K
,QIDQWLO
+9(
&KDYHV
6È%
K
,QIDQWLO
6$1,
6iEDGR$QLPDGR
6È%
K
,QIDQWLO
0',6
0XQGR'LVQH\
6È%
K
$XGLWyULR
5$8/
3URJUDPD5DXO*LO
6È%
K
5HDOLW\6KRZ
(645
(VTXDGUmRGD0RGD
6È%
K
5HDOLW\6KRZ
%$.(
%DNH2II%UDVLO0mRQD0DVVDDWp
6È%
K
5HDOLW\6KRZ
&2=3
+HOO
V.LWFKHQ&R]LQKD6RE3UHVVmRDSDUWLUGH
6È%
K
$XGLWyULR
6$%'
6DEDGmR
6È%
K
)LOPH
&%($
&LQH%HODV$UWHV
6È%
K
6pULH
7$4
$WDTXHGH5LVRV,/RYH/XF\
6È%
K
6pULH
7$4
$WDTXHGH5LVRV8PD)DPtOLD3HUGLGDQR0HLRGR1DGD
6È%
K
6pULH
7$4
$WDTXHGH5LVRV6XEXUJDWyULR
'20
K
5HSRUWDJHP
%&$0
%UDVLO&DPLQKRQHLUR
'20
K
'RFXPHQWiULR
785$
7XULVPR$YHQWXUD
'20
K
(VSRUWH
$&(5
$FHOHUDGRV
'20
K
,QIDQWLO
0','
0XQGR'LVQH\
'20
K
$XGLWyULR
'2/(
'RPLQJR/HJDO
'20
K
$XGLWyULR
3(/,
(OLDQD
'20
K
$XGLWyULR
366/
3URJUDPD6LOYLR6DQWRV
'20
K
5HSRUWDJHP
&5(3
&RQH[mR5HSyUWHU
'20
K
6pULH
6'2
6pULH'RPLQJR$UTXHLUR
'20
K
6pULH
6'2
6HULH'RPLQJR1LNLWD
'20
K
6pULH
6'2
6pULH'RPLQJR*ROGHQ%R\
1mRH[LEHHPPHUFDGR1(7&RQVXOWH3URJUDPDomR/RFDO
&RQVXOWHGLVSRQLELOLGDGHGHFRPHUFLDOL]DomR
-RUQDOGR6%7KHKQmRVHUmRH[LELGRVjVVH[WDVHViEDGRV
¬VTXDUWDVIHLUDVR3URJUDPDGR5DWLQKRVHUiH[LELGRGDVjV
7RGDFRPHUFLDOL]DomRUHIHUHQWHDRSURJUDPD%UDVLO&DPLQKRQHLURHRSHUDo}HVTXHHQYROYDPHVWHSURFHVVRGHYHUmRVHUWUDWDGRVGLUHWDPHQWHFRPR*UXSR&REUDPGHWHQWRUGRIRUPDWRDWUDYpVGRWHOHIRQH&RPHUFLDOL]DomR
GLVSRQtYHODSHQDVSDUDDSUDoD1(7
7RGDFRPHUFLDOL]DomRUHIHUHQWHDRVSURJUDPDV0XQGR'LVQH\HRSHUDo}HVTXHHQYROYDPHVWHSURFHVVRSDUDDVSUDoDV1(7H5HJLRQDLV6mR3DXOR-D~5LEHLUmR3UHWR6mR-RVpGRV&DPSRV5LRGH-DQHLUR1RYD)ULEXUJR3RUWR
$OHJUH%UDVtOLD%HOpPH6$7GHYHUmRVHUWUDWDGRVGLUHWDPHQWHFRPD'LVQH\PHGLDDWUDYpVGRWHOHIRQH
2EV
2VSURJUDPDV712,-6%72.36(6(0DSUHVHQWDPYDULDo}HVHPVHXVKRUiULRVSDUDDOJXQVGLDVGDVHPDQD&RQVXOWDUJUDGHGHGLVWULEXLomRVHPDQDO
$VRPD(VWDGRpSDUDHIHLWRGHSODQHMDPHQWRSRUWDQWRDVDXWRUL]Do}HVGHYHUmRSHUPDQHFHUFRPYDORUHVSUDoDDSUDoD
&(17522(67(
3UHoRVHPUHDLVYiOLGRVDSDUWLUGHGH2XWXEURGH &RPHUFLDLVGH 9UV,,
',$
+25$
*Ç1(52
&Ï'
%GR*DUoD
1;DYDQWLQD
3RQWHVH
/DFHUGD
&DPSR9HUGH
79&2HVWH
791RYD
;DYDQWLQD
79&2HVWH
795HDO
07
352*5$0$
07
07
07
6(*6(;
K
-RUQDOLVPR
-60$
-RUQDOGR6%70DQKm
6(*6(;
K
,QIDQWLO
&6$
&DUURVVHO$QLPDGR
6(*6(;
K
,QIDQWLO
0'66
0XQGR'LVQH\
6(*6(;
K
,QIDQWLO
%20'
%RP'LD&LD
6(*6È%
K
6pULH
6(7
6pULH7DUGH'XSODGR%DUXOKR
6(*6(;
K
$XGLWyULR
&6')
&DVRVGH)DPtOLD
6(*6(;
K
1RYHOD
197
1RYHOD7DUGH3pUROD1HJUD
6(*6(;
K
1RYHOD
197
1RYHOD7DUGH&RUDomR,QGRPiYHO
6(*6(;
K
1RYHOD
197
1RYHOD7DUGH$'RQD
6(*6$%
K
6pULH
651
6pULH1RLWH&KDYHV
6(*6$%
K
-RUQDOLVPR
6%7,
6%7%UDVLO
6(*6(;
K
1RYHOD
191
1RYHOD1RLWH&~PSOLFHVGHXP5HVJDWH
6(*6(;
K
1RYHOD
191
1RYHOD1RLWH&DUURVVHO
6(*6(;
K
$XGLWyULR
5$7+
3URJUDPDGR5DWLQKR
6(*6(;
K
$XGLWyULR
712,
7KH1RLWH
6(*6(;
K
-RUQDOLVPR
-6%7
-RUQDOGR6%7
6(*6(;
K
6KRZ
2.36
2ND\3HVVRDO
6(*'20
K
-RUQDOLVPR
-25
-RUQDOGR6%70DGUXJDGD
6(*'20
K
-RUQDOLVPR
-25
-RUQDOGR6%70DGUXJDGD5HSULVH
6(;
K
6pULH
76(
7HOH6HULDGRV,
6(;
K
6pULH
7/6
7HOH6HULDGRV,,
6(*
K
5HDOLW\6KRZ
04)0
0iTXLQDGD)DPD
7(5
K
)LOPH
&,1(
&LQH(VSHWDFXODU
48,
K
+XPRUtVWLFR
$3$&
$3UDoDp1RVVD
6(;
K
)LOPH
7(/$
7HODGH6XFHVVRV
6È%
K
,QIDQWLO
+9(
&KDYHV
6È%
K
,QIDQWLO
6$1,
6iEDGR$QLPDGR
6È%
K
,QIDQWLO
0',6
0XQGR'LVQH\
6È%
K
$XGLWyULR
5$8/
3URJUDPD5DXO*LO
6È%
K
5HDOLW\6KRZ
(645
(VTXDGUmRGD0RGD
6È%
K
5HDOLW\6KRZ
%$.(
%DNH2II%UDVLO0mRQD0DVVDDWp
6È%
K
5HDOLW\6KRZ
&2=3
+HOO
V.LWFKHQ&R]LQKD6RE3UHVVmRDSDUWLUGH
6È%
K
$XGLWyULR
6$%'
6DEDGmR
6È%
K
)LOPH
&%($
&LQH%HODV$UWHV
6È%
K
6pULH
7$4
$WDTXHGH5LVRV,/RYH/XF\
6È%
K
6pULH
7$4
$WDTXHGH5LVRV8PD)DPtOLD3HUGLGDQR0HLRGR1DGD
6È%
K
6pULH
7$4
$WDTXHGH5LVRV6XEXUJDWyULR
'20
K
5HSRUWDJHP
%&$0
%UDVLO&DPLQKRQHLUR
'20
K
'RFXPHQWiULR
785$
7XULVPR$YHQWXUD
'20
K
(VSRUWH
$&(5
$FHOHUDGRV
'20
K
,QIDQWLO
0','
0XQGR'LVQH\
'20
K
$XGLWyULR
'2/(
'RPLQJR/HJDO
'20
K
$XGLWyULR
3(/,
(OLDQD
'20
K
$XGLWyULR
366/
3URJUDPD6LOYLR6DQWRV
'20
K
5HSRUWDJHP
&5(3
&RQH[mR5HSyUWHU
'20
K
6pULH
6'2
6pULH'RPLQJR$UTXHLUR
'20
K
6pULH
6'2
6HULH'RPLQJR1LNLWD
'20
K
6pULH
6'2
6pULH'RPLQJR*ROGHQ%R\
1mRH[LEHHPPHUFDGR1(7&RQVXOWH3URJUDPDomR/RFDO
&RQVXOWHGLVSRQLELOLGDGHGHFRPHUFLDOL]DomR
-RUQDOGR6%7KHKQmRVHUmRH[LELGRVjVVH[WDVHViEDGRV
¬VTXDUWDVIHLUDVR3URJUDPDGR5DWLQKRVHUiH[LELGRGDVjV
7RGDFRPHUFLDOL]DomRUHIHUHQWHDRSURJUDPD%UDVLO&DPLQKRQHLURHRSHUDo}HVTXHHQYROYDPHVWHSURFHVVRGHYHUmRVHUWUDWDGRVGLUHWDPHQWHFRPR*UXSR&REUDPGHWHQWRUGRIRUPDWRDWUDYpVGRWHOHIRQH
GLVSRQtYHODSHQDVSDUDDSUDoD1(7
7RGDFRPHUFLDOL]DomRUHIHUHQWHDRVSURJUDPDV0XQGR'LVQH\HRSHUDo}HVTXHHQYROYDPHVWHSURFHVVRSDUDDVSUDoDV1(7H5HJLRQDLV6mR3DXOR-D~5LEHLUmR3UHWR6mR-RVpGRV&DPSRV5LRGH
$OHJUH%UDVtOLD%HOpPH6$7GHYHUmRVHUWUDWDGRVGLUHWDPHQWHFRPD'LVQH\PHGLDDWUDYpVGRWHOHIRQH
2EV
2VSURJUDPDV712,-6%72.36(6(0DSUHVHQWDPYDULDo}HVHPVHXVKRUiULRVSDUDDOJXQVGLDVGDVHPDQD&RQVXOWDUJUDGHGHGLVWULEXLomRVHPDQDO
$VRPD(VWDGRpSDUDHIHLWRGHSODQHMDPHQWRSRUWDQWRDVDXWRUL]Do}HVGHYHUmRSHUPDQHFHUFRPYDORUHVSUDoDDSUDoD
&(17522(67(
3UHoRVHPUHDLVYiOLGRVDSDUWLUGHGH2XWXEURGH &RPHUFLDLVGH 9UV,,
',$
+25$
*Ç1(52
&Ï'
352*5$0$
&iFHUHV
-DFLDUD
&ROLGHU
6RUULVR
79
'HVFDOYDGRV
79&LGDGH
6/RXUHQoR
797URSLFDO
79&LGDGH
07
07
07
07
6(*6(;
K
-RUQDOLVPR
-60$
-RUQDOGR6%70DQKm
6(*6(;
K
,QIDQWLO
&6$
&DUURVVHO$QLPDGR
6(*6(;
K
,QIDQWLO
0'66
0XQGR'LVQH\
6(*6(;
K
,QIDQWLO
%20'
%RP'LD&LD
6(*6È%
K
6pULH
6(7
6pULH7DUGH'XSODGR%DUXOKR
6(*6(;
K
$XGLWyULR
&6')
&DVRVGH)DPtOLD
6(*6(;
K
1RYHOD
197
1RYHOD7DUGH3pUROD1HJUD
6(*6(;
K
1RYHOD
197
1RYHOD7DUGH&RUDomR,QGRPiYHO
6(*6(;
K
1RYHOD
197
1RYHOD7DUGH$'RQD
6(*6$%
K
6pULH
651
6pULH1RLWH&KDYHV
6(*6$%
K
-RUQDOLVPR
6%7,
6%7%UDVLO
6(*6(;
K
1RYHOD
191
1RYHOD1RLWH&~PSOLFHVGHXP5HVJDWH
6(*6(;
K
1RYHOD
191
1RYHOD1RLWH&DUURVVHO
6(*6(;
K
$XGLWyULR
5$7+
3URJUDPDGR5DWLQKR
6(*6(;
K
$XGLWyULR
712,
7KH1RLWH
6(*6(;
K
-RUQDOLVPR
-6%7
-RUQDOGR6%7
6(*6(;
K
6KRZ
2.36
2ND\3HVVRDO
6(*'20
K
-RUQDOLVPR
-25
-RUQDOGR6%70DGUXJDGD
6(*'20
K
-RUQDOLVPR
-25
-RUQDOGR6%70DGUXJDGD5HSULVH
6(;
K
6pULH
76(
7HOH6HULDGRV,
6(;
K
6pULH
7/6
7HOH6HULDGRV,,
6(*
K
5HDOLW\6KRZ
04)0
0iTXLQDGD)DPD
7(5
K
)LOPH
&,1(
&LQH(VSHWDFXODU
48,
K
+XPRUtVWLFR
$3$&
$3UDoDp1RVVD
6(;
K
)LOPH
7(/$
7HODGH6XFHVVRV
6È%
K
,QIDQWLO
+9(
&KDYHV
6È%
K
,QIDQWLO
6$1,
6iEDGR$QLPDGR
6È%
K
,QIDQWLO
0',6
0XQGR'LVQH\
6È%
K
$XGLWyULR
5$8/
3URJUDPD5DXO*LO
6È%
K
5HDOLW\6KRZ
(645
(VTXDGUmRGD0RGD
6È%
K
5HDOLW\6KRZ
%$.(
%DNH2II%UDVLO0mRQD0DVVDDWp
6È%
K
5HDOLW\6KRZ
&2=3
+HOO
V.LWFKHQ&R]LQKD6RE3UHVVmRDSDUWLUGH
6È%
K
$XGLWyULR
6$%'
6DEDGmR
6È%
K
)LOPH
&%($
&LQH%HODV$UWHV
6È%
K
6pULH
7$4
$WDTXHGH5LVRV,/RYH/XF\
6È%
K
6pULH
7$4
$WDTXHGH5LVRV8PD)DPtOLD3HUGLGDQR0HLRGR1DGD
6È%
K
6pULH
7$4
$WDTXHGH5LVRV6XEXUJDWyULR
'20
K
5HSRUWDJHP
%&$0
%UDVLO&DPLQKRQHLUR
'20
K
'RFXPHQWiULR
785$
7XULVPR$YHQWXUD
'20
K
(VSRUWH
$&(5
$FHOHUDGRV
'20
K
,QIDQWLO
0','
0XQGR'LVQH\
'20
K
$XGLWyULR
'2/(
'RPLQJR/HJDO
'20
K
$XGLWyULR
3(/,
(OLDQD
'20
K
$XGLWyULR
366/
3URJUDPD6LOYLR6DQWRV
'20
K
5HSRUWDJHP
&5(3
&RQH[mR5HSyUWHU
'20
K
6pULH
6'2
6pULH'RPLQJR$UTXHLUR
'20
K
6pULH
6'2
6HULH'RPLQJR1LNLWD
'20
K
6pULH
6'2
6pULH'RPLQJR*ROGHQ%R\
1mRH[LEHHPPHUFDGR1(7&RQVXOWH3URJUDPDomR/RFDO
&RQVXOWHGLVSRQLELOLGDGHGHFRPHUFLDOL]DomR
-RUQDOGR6%7KHKQmRVHUmRH[LELGRVjVVH[WDVHViEDGRV
¬VTXDUWDVIHLUDVR3URJUDPDGR5DWLQKRVHUiH[LELGRGDVjV
7RGDFRPHUFLDOL]DomRUHIHUHQWHDRSURJUDPD%UDVLO&DPLQKRQHLURHRSHUDo}HVTXHHQYROYDPHVWHSURFHVVRGHYHUmRVHUWUDWDGRVGLUHWDPHQWHFRPR*UXSR&REUDPGHWHQWRUGRIRUPDWRDWUDYpVGRWHOHIRQH
GLVSRQtYHODSHQDVSDUDDSUDoD1(7
7RGDFRPHUFLDOL]DomRUHIHUHQWHDRVSURJUDPDV0XQGR'LVQH\HRSHUDo}HVTXHHQYROYDPHVWHSURFHVVRSDUDDVSUDoDV1(7H5HJLRQDLV6mR3DXOR-D~5LEHLUmR3UHWR6mR-RVpGRV&DPSRV5LRGH
$OHJUH%UDVtOLD%HOpPH6$7GHYHUmRVHUWUDWDGRVGLUHWDPHQWHFRPD'LVQH\PHGLDDWUDYpVGRWHOHIRQH
2EV
2VSURJUDPDV712,-6%72.36(6(0DSUHVHQWDPYDULDo}HVHPVHXVKRUiULRVSDUDDOJXQVGLDVGDVHPDQD&RQVXOWDUJUDGHGHGLVWULEXLomRVHPDQDO
$VRPD(VWDGRpSDUDHIHLWRGHSODQHMDPHQWRSRUWDQWRDVDXWRUL]Do}HVGHYHUmRSHUPDQHFHUFRPYDORUHVSUDoDDSUDoD
&(17522(67(
3UHoRVHPUHDLVYiOLGRVDSDUWLUGHGH2XWXEURGH &RPHUFLDLVGH 9UV,,
',$
+25$
*Ç1(52
&Ï'
1RYD0XWXP
6LQRS
5RQGRQy
SROLV
/XFDVGR5LR
9HUGH
790XWXP
79&LGDGH
&DQDO
795RQGRQ
&DQDO
79&RQTXLVWD
07
352*5$0$
07
07
07
6(*6(;
K
-RUQDOLVPR
-60$
-RUQDOGR6%70DQKm
6(*6(;
K
,QIDQWLO
&6$
&DUURVVHO$QLPDGR
6(*6(;
K
,QIDQWLO
0'66
0XQGR'LVQH\
6(*6(;
K
,QIDQWLO
%20'
%RP'LD&LD
6(*6È%
K
6pULH
6(7
6pULH7DUGH'XSODGR%DUXOKR
6(*6(;
K
$XGLWyULR
&6')
&DVRVGH)DPtOLD
6(*6(;
K
1RYHOD
197
1RYHOD7DUGH3pUROD1HJUD
6(*6(;
K
1RYHOD
197
1RYHOD7DUGH&RUDomR,QGRPiYHO
6(*6(;
K
1RYHOD
197
1RYHOD7DUGH$'RQD
6(*6$%
K
6pULH
651
6pULH1RLWH&KDYHV
6(*6$%
K
-RUQDOLVPR
6%7,
6%7%UDVLO
6(*6(;
K
1RYHOD
191
1RYHOD1RLWH&~PSOLFHVGHXP5HVJDWH
6(*6(;
K
1RYHOD
191
1RYHOD1RLWH&DUURVVHO
6(*6(;
K
$XGLWyULR
5$7+
3URJUDPDGR5DWLQKR
6(*6(;
K
$XGLWyULR
712,
7KH1RLWH
6(*6(;
K
-RUQDOLVPR
-6%7
-RUQDOGR6%7
6(*6(;
K
6KRZ
2.36
2ND\3HVVRDO
6(*'20
K
-RUQDOLVPR
-25
-RUQDOGR6%70DGUXJDGD
6(*'20
K
-RUQDOLVPR
-25
-RUQDOGR6%70DGUXJDGD5HSULVH
6(;
K
6pULH
76(
7HOH6HULDGRV,
6(;
K
6pULH
7/6
7HOH6HULDGRV,,
6(*
K
5HDOLW\6KRZ
04)0
0iTXLQDGD)DPD
7(5
K
)LOPH
&,1(
&LQH(VSHWDFXODU
48,
K
+XPRUtVWLFR
$3$&
$3UDoDp1RVVD
6(;
K
)LOPH
7(/$
7HODGH6XFHVVRV
6È%
K
,QIDQWLO
+9(
&KDYHV
6È%
K
,QIDQWLO
6$1,
6iEDGR$QLPDGR
6È%
K
,QIDQWLO
0',6
0XQGR'LVQH\
6È%
K
$XGLWyULR
5$8/
3URJUDPD5DXO*LO
6È%
K
5HDOLW\6KRZ
(645
(VTXDGUmRGD0RGD
6È%
K
5HDOLW\6KRZ
%$.(
%DNH2II%UDVLO0mRQD0DVVDDWp
6È%
K
5HDOLW\6KRZ
&2=3
+HOO
V.LWFKHQ&R]LQKD6RE3UHVVmRDSDUWLUGH
6È%
K
$XGLWyULR
6$%'
6DEDGmR
6È%
K
)LOPH
&%($
&LQH%HODV$UWHV
6È%
K
6pULH
7$4
$WDTXHGH5LVRV,/RYH/XF\
6È%
K
6pULH
7$4
$WDTXHGH5LVRV8PD)DPtOLD3HUGLGDQR0HLRGR1DGD
6È%
K
6pULH
7$4
$WDTXHGH5LVRV6XEXUJDWyULR
'20
K
5HSRUWDJHP
%&$0
%UDVLO&DPLQKRQHLUR
'20
K
'RFXPHQWiULR
785$
7XULVPR$YHQWXUD
'20
K
(VSRUWH
$&(5
$FHOHUDGRV
'20
K
,QIDQWLO
0','
0XQGR'LVQH\
'20
K
$XGLWyULR
'2/(
'RPLQJR/HJDO
'20
K
$XGLWyULR
3(/,
(OLDQD
'20
K
$XGLWyULR
366/
3URJUDPD6LOYLR6DQWRV
'20
K
5HSRUWDJHP
&5(3
&RQH[mR5HSyUWHU
'20
K
6pULH
6'2
6pULH'RPLQJR$UTXHLUR
'20
K
6pULH
6'2
6HULH'RPLQJR1LNLWD
'20
K
6pULH
6'2
6pULH'RPLQJR*ROGHQ%R\
1mRH[LEHHPPHUFDGR1(7&RQVXOWH3URJUDPDomR/RFDO
&RQVXOWHGLVSRQLELOLGDGHGHFRPHUFLDOL]DomR
-RUQDOGR6%7KHKQmRVHUmRH[LELGRVjVVH[WDVHViEDGRV
¬VTXDUWDVIHLUDVR3URJUDPDGR5DWLQKRVHUiH[LELGRGDVjV
7RGDFRPHUFLDOL]DomRUHIHUHQWHDRSURJUDPD%UDVLO&DPLQKRQHLURHRSHUDo}HVTXHHQYROYDPHVWHSURFHVVRGHYHUmRVHUWUDWDGRVGLUHWDPHQWHFRPR*UXSR&REUDPGHWHQWRUGRIRUPDWRDWUDYpVGRWHOHIRQH
GLVSRQtYHODSHQDVSDUDDSUDoD1(7
7RGDFRPHUFLDOL]DomRUHIHUHQWHDRVSURJUDPDV0XQGR'LVQH\HRSHUDo}HVTXHHQYROYDPHVWHSURFHVVRSDUDDVSUDoDV1(7H5HJLRQDLV6mR3DXOR-D~5LEHLUmR3UHWR6mR-RVpGRV&DPSRV5LRGH
$OHJUH%UDVtOLD%HOpPH6$7GHYHUmRVHUWUDWDGRVGLUHWDPHQWHFRPD'LVQH\PHGLDDWUDYpVGRWHOHIRQH
2EV
2VSURJUDPDV712,-6%72.36(6(0DSUHVHQWDPYDULDo}HVHPVHXVKRUiULRVSDUDDOJXQVGLDVGDVHPDQD&RQVXOWDUJUDGHGHGLVWULEXLomRVHPDQDO
$VRPD(VWDGRpSDUDHIHLWRGHSODQHMDPHQWRSRUWDQWRDVDXWRUL]Do}HVGHYHUmRSHUPDQHFHUFRPYDORUHVSUDoDDSUDoD
&(17522(67(
3UHoRVHPUHDLVYiOLGRVDSDUWLUGHGH2XWXEURGH &RPHUFLDLVGH 9UV,,
',$
+25$
*Ç1(52
&Ï'
7DQJDUiGD
6HUUD
%UDVtOLD
797DQJXDUi
6%7
*RLkQLD
&DPSR
*UDQGH
352*5$0$
796'RXUDGD 79&*UDQGH
07
%5
*2
6(*6(;
K
-RUQDOLVPR
-60$
-RUQDOGR6%70DQKm
6(*6(;
K
,QIDQWLO
&6$
&DUURVVHO$QLPDGR
6(*6(;
K
,QIDQWLO
0'66
0XQGR'LVQH\
6(*6(;
K
,QIDQWLO
%20'
%RP'LD&LD
6(*6È%
K
6pULH
6(7
6pULH7DUGH'XSODGR%DUXOKR
6(*6(;
K
$XGLWyULR
&6')
&DVRVGH)DPtOLD
6(*6(;
K
1RYHOD
197
1RYHOD7DUGH3pUROD1HJUD
6(*6(;
K
1RYHOD
197
1RYHOD7DUGH&RUDomR,QGRPiYHO
6(*6(;
K
1RYHOD
197
1RYHOD7DUGH$'RQD
6(*6$%
K
6pULH
651
6pULH1RLWH&KDYHV
6(*6$%
K
-RUQDOLVPR
6%7,
6%7%UDVLO
6(*6(;
K
1RYHOD
191
1RYHOD1RLWH&~PSOLFHVGHXP5HVJDWH
6(*6(;
K
1RYHOD
191
1RYHOD1RLWH&DUURVVHO
6(*6(;
K
$XGLWyULR
5$7+
3URJUDPDGR5DWLQKR
6(*6(;
K
$XGLWyULR
712,
7KH1RLWH
6(*6(;
K
-RUQDOLVPR
-6%7
-RUQDOGR6%7
6(*6(;
K
6KRZ
2.36
2ND\3HVVRDO
06
6(*'20
K
-RUQDOLVPR
-25
-RUQDOGR6%70DGUXJDGD
6(*'20
K
-RUQDOLVPR
-25
-RUQDOGR6%70DGUXJDGD5HSULVH
6(;
K
6pULH
76(
7HOH6HULDGRV,
6(;
K
6pULH
7/6
7HOH6HULDGRV,,
6(*
K
5HDOLW\6KRZ
04)0
0iTXLQDGD)DPD
7(5
K
)LOPH
&,1(
&LQH(VSHWDFXODU
48,
K
+XPRUtVWLFR
$3$&
$3UDoDp1RVVD
6(;
K
)LOPH
7(/$
7HODGH6XFHVVRV
6È%
K
,QIDQWLO
+9(
&KDYHV
6È%
K
,QIDQWLO
6$1,
6iEDGR$QLPDGR
6È%
K
,QIDQWLO
0',6
0XQGR'LVQH\
6È%
K
$XGLWyULR
5$8/
3URJUDPD5DXO*LO
6È%
K
5HDOLW\6KRZ
(645
(VTXDGUmRGD0RGD
6È%
K
5HDOLW\6KRZ
%$.(
%DNH2II%UDVLO0mRQD0DVVDDWp
6È%
K
5HDOLW\6KRZ
&2=3
+HOO
V.LWFKHQ&R]LQKD6RE3UHVVmRDSDUWLUGH
6È%
K
$XGLWyULR
6$%'
6DEDGmR
6È%
K
)LOPH
&%($
&LQH%HODV$UWHV
6È%
K
6pULH
7$4
$WDTXHGH5LVRV,/RYH/XF\
6È%
K
6pULH
7$4
$WDTXHGH5LVRV8PD)DPtOLD3HUGLGDQR0HLRGR1DGD
6È%
K
6pULH
7$4
$WDTXHGH5LVRV6XEXUJDWyULR
'20
K
5HSRUWDJHP
%&$0
%UDVLO&DPLQKRQHLUR
'20
K
'RFXPHQWiULR
785$
7XULVPR$YHQWXUD
'20
K
(VSRUWH
$&(5
'20
K
,QIDQWLO
0','
'20
K
$XGLWyULR
'20
K
$XGLWyULR
'20
K
'20
'20
$FHOHUDGRV
0XQGR'LVQH\
'2/(
'RPLQJR/HJDO
3(/,
(OLDQD
$XGLWyULR
366/
3URJUDPD6LOYLR6DQWRV
K
5HSRUWDJHP
&5(3
&RQH[mR5HSyUWHU
K
6pULH
6'2
6pULH'RPLQJR$UTXHLUR
'20
K
6pULH
6'2
6HULH'RPLQJR1LNLWD
'20
K
6pULH
6'2
6pULH'RPLQJR*ROGHQ%R\
1mRH[LEHHPPHUFDGR1(7&RQVXOWH3URJUDPDomR/RFDO
&RQVXOWHGLVSRQLELOLGDGHGHFRPHUFLDOL]DomR
-RUQDOGR6%7KHKQmRVHUmRH[LELGRVjVVH[WDVHViEDGRV
¬VTXDUWDVIHLUDVR3URJUDPDGR5DWLQKRVHUiH[LELGRGDVjV
7RGDFRPHUFLDOL]DomRUHIHUHQWHDRSURJUDPD%UDVLO&DPLQKRQHLURHRSHUDo}HVTXHHQYROYDPHVWHSURFHVVRGHYHUmRVHUWUDWDGRVGLUHWDPHQWHFRPR*UXSR&REUDPGHWHQWRUGRIRUPDWRDWUDYpVGRWHOHIRQH
GLVSRQtYHODSHQDVSDUDDSUDoD1(7
7RGDFRPHUFLDOL]DomRUHIHUHQWHDRVSURJUDPDV0XQGR'LVQH\HRSHUDo}HVTXHHQYROYDPHVWHSURFHVVRSDUDDVSUDoDV1(7H5HJLRQDLV6mR3DXOR-D~5LEHLUmR3UHWR6mR-RVpGRV&DPSRV5LRGH
$OHJUH%UDVtOLD%HOpPH6$7GHYHUmRVHUWUDWDGRVGLUHWDPHQWHFRPD'LVQH\PHGLDDWUDYpVGRWHOHIRQH
2EV
2VSURJUDPDV712,-6%72.36(6(0DSUHVHQWDPYDULDo}HVHPVHXVKRUiULRVSDUDDOJXQVGLDVGDVHPDQD&RQVXOWDUJUDGHGHGLVWULEXLomRVHPDQDO
$VRPD(VWDGRpSDUDHIHLWRGHSODQHMDPHQWRSRUWDQWRDVDXWRUL]Do}HVGHYHUmRSHUPDQHFHUFRPYDORUHVSUDoDDSUDoD
125'(67(
3UHoRVHPUHDLVYiOLGRVDSDUWLUGHGH2XWXEURGH &RPHUFLDLVGH 9UV,,
',$
+25$
*Ç1(52
&Ï'
6DOYDGRU
0DUDQKmR
6/XtV
,PSHUDWUL]
79$UDWX
(VWDGR
79'LIXVRUD
79'LIXVRUD
0$
352*5$0$
%$
0$(
0$
6(*6(;
K
-RUQDOLVPR
-60$
-RUQDOGR6%70DQKm
6(*6(;
K
,QIDQWLO
&6$
&DUURVVHO$QLPDGR
6(*6(;
K
,QIDQWLO
0'66
0XQGR'LVQH\
6(*6(;
K
,QIDQWLO
%20'
%RP'LD&LD
6(*6È%
K
6pULH
6(7
6pULH7DUGH'XSODGR%DUXOKR
6(*6(;
K
$XGLWyULR
&6')
&DVRVGH)DPtOLD
6(*6(;
K
1RYHOD
197
1RYHOD7DUGH3pUROD1HJUD
6(*6(;
K
1RYHOD
197
1RYHOD7DUGH&RUDomR,QGRPiYHO
6(*6(;
K
1RYHOD
197
1RYHOD7DUGH$'RQD
6(*6$%
K
6pULH
651
6pULH1RLWH&KDYHV
6(*6$%
K
-RUQDOLVPR
6%7,
6%7%UDVLO
6(*6(;
K
1RYHOD
191
1RYHOD1RLWH&~PSOLFHVGHXP5HVJDWH
6(*6(;
K
1RYHOD
191
1RYHOD1RLWH&DUURVVHO
6(*6(;
K
$XGLWyULR
5$7+
3URJUDPDGR5DWLQKR
6(*6(;
K
$XGLWyULR
712,
7KH1RLWH
6(*6(;
K
-RUQDOLVPR
-6%7
-RUQDOGR6%7
6(*6(;
K
6KRZ
2.36
2ND\3HVVRDO
6(*'20
K
-RUQDOLVPR
-25
-RUQDOGR6%70DGUXJDGD
6(*'20
K
-RUQDOLVPR
-25
-RUQDOGR6%70DGUXJDGD5HSULVH
6(;
K
6pULH
76(
7HOH6HULDGRV,
6(;
K
6pULH
7/6
7HOH6HULDGRV,,
6(*
K
5HDOLW\6KRZ
04)0
0iTXLQDGD)DPD
7(5
K
)LOPH
&,1(
&LQH(VSHWDFXODU
48,
K
+XPRUtVWLFR
$3$&
$3UDoDp1RVVD
6(;
K
)LOPH
7(/$
7HODGH6XFHVVRV
6È%
K
,QIDQWLO
+9(
&KDYHV
6È%
K
,QIDQWLO
6$1,
6iEDGR$QLPDGR
6È%
K
,QIDQWLO
0',6
0XQGR'LVQH\
6È%
K
$XGLWyULR
5$8/
3URJUDPD5DXO*LO
6È%
K
5HDOLW\6KRZ
(645
(VTXDGUmRGD0RGD
6È%
K
5HDOLW\6KRZ
%$.(
%DNH2II%UDVLO0mRQD0DVVDDWp
6È%
K
5HDOLW\6KRZ
&2=3
+HOO
V.LWFKHQ&R]LQKD6RE3UHVVmRDSDUWLUGH
6È%
K
$XGLWyULR
6$%'
6DEDGmR
6È%
K
)LOPH
&%($
&LQH%HODV$UWHV
6È%
K
6pULH
7$4
$WDTXHGH5LVRV,/RYH/XF\
6È%
K
6pULH
7$4
$WDTXHGH5LVRV8PD)DPtOLD3HUGLGDQR0HLRGR1DGD
6È%
K
6pULH
7$4
$WDTXHGH5LVRV6XEXUJDWyULR
'20
K
5HSRUWDJHP
%&$0
%UDVLO&DPLQKRQHLUR
'20
K
'RFXPHQWiULR
785$
7XULVPR$YHQWXUD
'20
K
(VSRUWH
$&(5
$FHOHUDGRV
'20
K
,QIDQWLO
0','
0XQGR'LVQH\
'20
K
$XGLWyULR
'2/(
'RPLQJR/HJDO
'20
K
$XGLWyULR
3(/,
(OLDQD
'20
K
$XGLWyULR
366/
3URJUDPD6LOYLR6DQWRV
'20
K
5HSRUWDJHP
&5(3
&RQH[mR5HSyUWHU
'20
K
6pULH
6'2
6pULH'RPLQJR$UTXHLUR
'20
K
6pULH
6'2
6HULH'RPLQJR1LNLWD
'20
K
6pULH
6'2
6pULH'RPLQJR*ROGHQ%R\
1mRH[LEHHPPHUFDGR1(7&RQVXOWH3URJUDPDomR/RFDO
&RQVXOWHGLVSRQLELOLGDGHGHFRPHUFLDOL]DomR
-RUQDOGR6%7KHKQmRVHUmRH[LELGRVjVVH[WDVHViEDGRV
¬VTXDUWDVIHLUDVR3URJUDPDGR5DWLQKRVHUiH[LELGRGDVjV
7RGDFRPHUFLDOL]DomRUHIHUHQWHDRSURJUDPD%UDVLO&DPLQKRQHLURHRSHUDo}HVTXHHQYROYDPHVWHSURFHVVRGHYHUmRVHUWUDWDGRVGLUHWDPHQWHFRPR*UXSR&REUDPGHWHQWRUGRIRUPDWRDWUDYpVGRWHOHIRQH&RPHUFLDOL]DomR
GLVSRQtYHODSHQDVSDUDDSUDoD1(7
7RGDFRPHUFLDOL]DomRUHIHUHQWHDRVSURJUDPDV0XQGR'LVQH\HRSHUDo}HVTXHHQYROYDPHVWHSURFHVVRSDUDDVSUDoDV1(7H5HJLRQDLV6mR3DXOR-D~5LEHLUmR3UHWR6mR-RVpGRV&DPSRV5LRGH-DQHLUR1RYD)ULEXUJR3RUWR
$OHJUH%UDVtOLD%HOpPH6$7GHYHUmRVHUWUDWDGRVGLUHWDPHQWHFRPD'LVQH\PHGLDDWUDYpVGRWHOHIRQH
2EV
2VSURJUDPDV712,-6%72.36(6(0DSUHVHQWDPYDULDo}HVHPVHXVKRUiULRVSDUDDOJXQVGLDVGDVHPDQD&RQVXOWDUJUDGHGHGLVWULEXLomRVHPDQDO
$VRPD(VWDGRpSDUDHIHLWRGHSODQHMDPHQWRSRUWDQWRDVDXWRUL]Do}HVGHYHUmRSHUPDQHFHUFRPYDORUHVSUDoDDSUDoD
125'(67(
3UHoRVHPUHDLVYiOLGRVDSDUWLUGHGH2XWXEURGH &RPHUFLDLVGH 9UV,,
',$
+25$
*Ç1(52
&Ï'
3HUQDPEXFR
5HFLIH
&DUXDUX
3DUDtED
(VWDGR
79-RUQDO
79,QWHULRU
(VWDGR
352*5$0$
3((
3(
3(
3%(
6(*6(;
K
-RUQDOLVPR
-60$
-RUQDOGR6%70DQKm
6(*6(;
K
,QIDQWLO
&6$
&DUURVVHO$QLPDGR
6(*6(;
K
,QIDQWLO
0'66
0XQGR'LVQH\
6(*6(;
K
,QIDQWLO
%20'
%RP'LD&LD
6(*6È%
K
6pULH
6(7
6pULH7DUGH'XSODGR%DUXOKR
6(*6(;
K
$XGLWyULR
&6')
&DVRVGH)DPtOLD
6(*6(;
K
1RYHOD
197
1RYHOD7DUGH3pUROD1HJUD
6(*6(;
K
1RYHOD
197
1RYHOD7DUGH&RUDomR,QGRPiYHO
6(*6(;
K
1RYHOD
197
1RYHOD7DUGH$'RQD
6(*6$%
K
6pULH
651
6pULH1RLWH&KDYHV
6(*6$%
K
-RUQDOLVPR
6%7,
6%7%UDVLO
6(*6(;
K
1RYHOD
191
1RYHOD1RLWH&~PSOLFHVGHXP5HVJDWH
6(*6(;
K
1RYHOD
191
1RYHOD1RLWH&DUURVVHO
6(*6(;
K
$XGLWyULR
5$7+
3URJUDPDGR5DWLQKR
6(*6(;
K
$XGLWyULR
712,
7KH1RLWH
6(*6(;
K
-RUQDOLVPR
-6%7
-RUQDOGR6%7
6(*6(;
K
6KRZ
2.36
2ND\3HVVRDO
6(*'20
K
-RUQDOLVPR
-25
-RUQDOGR6%70DGUXJDGD
6(*'20
K
-RUQDOLVPR
-25
-RUQDOGR6%70DGUXJDGD5HSULVH
6(;
K
6pULH
76(
7HOH6HULDGRV,
6(;
K
6pULH
7/6
7HOH6HULDGRV,,
6(*
K
5HDOLW\6KRZ
04)0
0iTXLQDGD)DPD
7(5
K
)LOPH
&,1(
&LQH(VSHWDFXODU
48,
K
+XPRUtVWLFR
$3$&
$3UDoDp1RVVD
6(;
K
)LOPH
7(/$
7HODGH6XFHVVRV
6È%
K
,QIDQWLO
+9(
&KDYHV
6È%
K
,QIDQWLO
6$1,
6iEDGR$QLPDGR
6È%
K
,QIDQWLO
0',6
0XQGR'LVQH\
6È%
K
$XGLWyULR
5$8/
3URJUDPD5DXO*LO
6È%
K
5HDOLW\6KRZ
(645
(VTXDGUmRGD0RGD
6È%
K
5HDOLW\6KRZ
%$.(
%DNH2II%UDVLO0mRQD0DVVDDWp
6È%
K
5HDOLW\6KRZ
&2=3
+HOO
V.LWFKHQ&R]LQKD6RE3UHVVmRDSDUWLUGH
6È%
K
$XGLWyULR
6$%'
6DEDGmR
6È%
K
)LOPH
&%($
&LQH%HODV$UWHV
6È%
K
6pULH
7$4
$WDTXHGH5LVRV,/RYH/XF\
6È%
K
6pULH
7$4
$WDTXHGH5LVRV8PD)DPtOLD3HUGLGDQR0HLRGR1DGD
6È%
K
6pULH
7$4
$WDTXHGH5LVRV6XEXUJDWyULR
'20
K
5HSRUWDJHP
%&$0
%UDVLO&DPLQKRQHLUR
'20
K
'RFXPHQWiULR
785$
7XULVPR$YHQWXUD
'20
K
(VSRUWH
$&(5
$FHOHUDGRV
'20
K
,QIDQWLO
0','
0XQGR'LVQH\
'20
K
$XGLWyULR
'2/(
'RPLQJR/HJDO
'20
K
$XGLWyULR
3(/,
(OLDQD
'20
K
$XGLWyULR
366/
3URJUDPD6LOYLR6DQWRV
'20
K
5HSRUWDJHP
&5(3
&RQH[mR5HSyUWHU
'20
K
6pULH
6'2
6pULH'RPLQJR$UTXHLUR
'20
K
6pULH
6'2
6HULH'RPLQJR1LNLWD
'20
K
6pULH
6'2
6pULH'RPLQJR*ROGHQ%R\
1mRH[LEHHPPHUFDGR1(7&RQVXOWH3URJUDPDomR/RFDO
&RQVXOWHGLVSRQLELOLGDGHGHFRPHUFLDOL]DomR
-RUQDOGR6%7KHKQmRVHUmRH[LELGRVjVVH[WDVHViEDGRV
¬VTXDUWDVIHLUDVR3URJUDPDGR5DWLQKRVHUiH[LELGRGDVjV
7RGDFRPHUFLDOL]DomRUHIHUHQWHDRSURJUDPD%UDVLO&DPLQKRQHLURHRSHUDo}HVTXHHQYROYDPHVWHSURFHVVRGHYHUmRVHUWUDWDGRVGLUHWDPHQWHFRPR*UXSR&REUDPGHWHQWRUGRIRUPDWRDWUDYpVGRWHOHIRQH
GLVSRQtYHODSHQDVSDUDDSUDoD1(7
7RGDFRPHUFLDOL]DomRUHIHUHQWHDRVSURJUDPDV0XQGR'LVQH\HRSHUDo}HVTXHHQYROYDPHVWHSURFHVVRSDUDDVSUDoDV1(7H5HJLRQDLV6mR3DXOR-D~5LEHLUmR3UHWR6mR-RVpGRV&DPSRV5LR
$OHJUH%UDVtOLD%HOpPH6$7GHYHUmRVHUWUDWDGRVGLUHWDPHQWHFRPD'LVQH\PHGLDDWUDYpVGRWHOHIRQH
2EV
2VSURJUDPDV712,-6%72.36(6(0DSUHVHQWDPYDULDo}HVHPVHXVKRUiULRVSDUDDOJXQVGLDVGDVHPDQD&RQVXOWDUJUDGHGHGLVWULEXLomRVHPDQDO
$VRPD(VWDGRpSDUDHIHLWRGHSODQHMDPHQWRSRUWDQWRDVDXWRUL]Do}HVGHYHUmRSHUPDQHFHUFRPYDORUHVSUDoDDSUDoD
125'(67(
3UHoRVHPUHDLVYiOLGRVDSDUWLUGHGH2XWXEURGH &RPHUFLDLVGH 9UV,,
',$
+25$
*Ç1(52
&Ï'
-RmR3HVVRD
&DPSLQD
*UDQGH
5LR*UDQGH
GR1RUWH
1DWDO
797DPED~
79
%RUERUHPD
(VWDGR
793RQWD
1HJUD
51
352*5$0$
3%
3%
51(
6(*6(;
K
-RUQDOLVPR
-60$
-RUQDOGR6%70DQKm
6(*6(;
K
,QIDQWLO
&6$
&DUURVVHO$QLPDGR
6(*6(;
K
,QIDQWLO
0'66
0XQGR'LVQH\
6(*6(;
K
,QIDQWLO
%20'
%RP'LD&LD
6(*6È%
K
6pULH
6(7
6pULH7DUGH'XSODGR%DUXOKR
6(*6(;
K
$XGLWyULR
&6')
&DVRVGH)DPtOLD
6(*6(;
K
1RYHOD
197
1RYHOD7DUGH3pUROD1HJUD
6(*6(;
K
1RYHOD
197
1RYHOD7DUGH&RUDomR,QGRPiYHO
6(*6(;
K
1RYHOD
197
1RYHOD7DUGH$'RQD
6(*6$%
K
6pULH
651
6pULH1RLWH&KDYHV
6(*6$%
K
-RUQDOLVPR
6%7,
6%7%UDVLO
6(*6(;
K
1RYHOD
191
1RYHOD1RLWH&~PSOLFHVGHXP5HVJDWH
6(*6(;
K
1RYHOD
191
1RYHOD1RLWH&DUURVVHO
6(*6(;
K
$XGLWyULR
5$7+
3URJUDPDGR5DWLQKR
6(*6(;
K
$XGLWyULR
712,
7KH1RLWH
6(*6(;
K
-RUQDOLVPR
-6%7
-RUQDOGR6%7
6(*6(;
K
6KRZ
2.36
2ND\3HVVRDO
6(*'20
K
-RUQDOLVPR
-25
-RUQDOGR6%70DGUXJDGD
6(*'20
K
-RUQDOLVPR
-25
-RUQDOGR6%70DGUXJDGD5HSULVH
6(;
K
6pULH
76(
7HOH6HULDGRV,
6(;
K
6pULH
7/6
7HOH6HULDGRV,,
6(*
K
5HDOLW\6KRZ
04)0
0iTXLQDGD)DPD
7(5
K
)LOPH
&,1(
&LQH(VSHWDFXODU
48,
K
+XPRUtVWLFR
$3$&
$3UDoDp1RVVD
6(;
K
)LOPH
7(/$
7HODGH6XFHVVRV
6È%
K
,QIDQWLO
+9(
&KDYHV
6È%
K
,QIDQWLO
6$1,
6iEDGR$QLPDGR
6È%
K
,QIDQWLO
0',6
0XQGR'LVQH\
6È%
K
$XGLWyULR
5$8/
3URJUDPD5DXO*LO
6È%
K
5HDOLW\6KRZ
(645
(VTXDGUmRGD0RGD
6È%
K
5HDOLW\6KRZ
%$.(
%DNH2II%UDVLO0mRQD0DVVDDWp
6È%
K
5HDOLW\6KRZ
&2=3
+HOO
V.LWFKHQ&R]LQKD6RE3UHVVmRDSDUWLUGH
6È%
K
$XGLWyULR
6$%'
6DEDGmR
6È%
K
)LOPH
&%($
&LQH%HODV$UWHV
6È%
K
6pULH
7$4
$WDTXHGH5LVRV,/RYH/XF\
6È%
K
6pULH
7$4
$WDTXHGH5LVRV8PD)DPtOLD3HUGLGDQR0HLRGR1DGD
6È%
K
6pULH
7$4
$WDTXHGH5LVRV6XEXUJDWyULR
'20
K
5HSRUWDJHP
%&$0
%UDVLO&DPLQKRQHLUR
'20
K
'RFXPHQWiULR
785$
7XULVPR$YHQWXUD
'20
K
(VSRUWH
$&(5
$FHOHUDGRV
'20
K
,QIDQWLO
0','
0XQGR'LVQH\
'20
K
$XGLWyULR
'2/(
'RPLQJR/HJDO
'20
K
$XGLWyULR
3(/,
(OLDQD
'20
K
$XGLWyULR
366/
3URJUDPD6LOYLR6DQWRV
'20
K
5HSRUWDJHP
&5(3
&RQH[mR5HSyUWHU
'20
K
6pULH
6'2
6pULH'RPLQJR$UTXHLUR
'20
K
6pULH
6'2
6HULH'RPLQJR1LNLWD
'20
K
6pULH
6'2
6pULH'RPLQJR*ROGHQ%R\
1mRH[LEHHPPHUFDGR1(7&RQVXOWH3URJUDPDomR/RFDO
&RQVXOWHGLVSRQLELOLGDGHGHFRPHUFLDOL]DomR
-RUQDOGR6%7KHKQmRVHUmRH[LELGRVjVVH[WDVHViEDGRV
¬VTXDUWDVIHLUDVR3URJUDPDGR5DWLQKRVHUiH[LELGRGDVjV
7RGDFRPHUFLDOL]DomRUHIHUHQWHDRSURJUDPD%UDVLO&DPLQKRQHLURHRSHUDo}HVTXHHQYROYDPHVWHSURFHVVRGHYHUmRVHUWUDWDGRVGLUHWDPHQWHFRPR*UXSR&REUDPGHWHQWRUGRIRUPDWRDWUDYpVGRWHOHIRQH
GLVSRQtYHODSHQDVSDUDDSUDoD1(7
7RGDFRPHUFLDOL]DomRUHIHUHQWHDRVSURJUDPDV0XQGR'LVQH\HRSHUDo}HVTXHHQYROYDPHVWHSURFHVVRSDUDDVSUDoDV1(7H5HJLRQDLV6mR3DXOR-D~5LEHLUmR3UHWR6mR-RVpGRV&DPSRV5LR
$OHJUH%UDVtOLD%HOpPH6$7GHYHUmRVHUWUDWDGRVGLUHWDPHQWHFRPD'LVQH\PHGLDDWUDYpVGRWHOHIRQH
2EV
2VSURJUDPDV712,-6%72.36(6(0DSUHVHQWDPYDULDo}HVHPVHXVKRUiULRVSDUDDOJXQVGLDVGDVHPDQD&RQVXOWDUJUDGHGHGLVWULEXLomRVHPDQDO
$VRPD(VWDGRpSDUDHIHLWRGHSODQHMDPHQWRSRUWDQWRDVDXWRUL]Do}HVGHYHUmRSHUPDQHFHUFRPYDORUHVSUDoDDSUDoD
125'(67(
3UHoRVHPUHDLVYiOLGRVDSDUWLUGHGH2XWXEURGH &RPHUFLDLVGH 9UV,,
',$
+25$
*Ç1(52
&Ï'
352*5$0$
0RVVRUy
7HUHVLQD
0DFHLy
)RUWDOH]D
793RQWD
1HJUD
79&LGDGH
9HUGH
79$ODJRDV
79-DQJDGHLUR
51
3,
$/
&(
-60$
-RUQDOGR6%70DQKm
,QIDQWLO
&6$
&DUURVVHO$QLPDGR
,QIDQWLO
0'66
0XQGR'LVQH\
K
,QIDQWLO
%20'
%RP'LD&LD
6(*6È%
K
6pULH
6(7
6pULH7DUGH'XSODGR%DUXOKR
6(*6(;
K
$XGLWyULR
&6')
&DVRVGH)DPtOLD
6(*6(;
K
1RYHOD
197
1RYHOD7DUGH3pUROD1HJUD
6(*6(;
K
1RYHOD
197
1RYHOD7DUGH&RUDomR,QGRPiYHO
6(*6(;
K
1RYHOD
197
1RYHOD7DUGH$'RQD
6(*6$%
K
6pULH
651
6pULH1RLWH&KDYHV
6(*6$%
K
-RUQDOLVPR
6%7,
6%7%UDVLO
6(*6(;
K
1RYHOD
191
1RYHOD1RLWH&~PSOLFHVGHXP5HVJDWH
6(*6(;
K
1RYHOD
191
1RYHOD1RLWH&DUURVVHO
6(*6(;
K
$XGLWyULR
5$7+
3URJUDPDGR5DWLQKR
6(*6(;
K
$XGLWyULR
712,
7KH1RLWH
6(*6(;
K
-RUQDOLVPR
-6%7
-RUQDOGR6%7
6(*6(;
K
6KRZ
2.36
2ND\3HVVRDO
6(*'20
K
-RUQDOLVPR
-25
-RUQDOGR6%70DGUXJDGD
6(*'20
K
-RUQDOLVPR
-25
-RUQDOGR6%70DGUXJDGD5HSULVH
6(;
K
6pULH
76(
7HOH6HULDGRV,
6(;
K
6pULH
7/6
7HOH6HULDGRV,,
6(*
K
5HDOLW\6KRZ
04)0
0iTXLQDGD)DPD
7(5
K
)LOPH
&,1(
&LQH(VSHWDFXODU
48,
K
+XPRUtVWLFR
$3$&
$3UDoDp1RVVD
6(;
K
)LOPH
7(/$
7HODGH6XFHVVRV
6È%
K
,QIDQWLO
+9(
&KDYHV
6È%
K
,QIDQWLO
6$1,
6iEDGR$QLPDGR
6È%
K
,QIDQWLO
0',6
0XQGR'LVQH\
6È%
K
$XGLWyULR
5$8/
3URJUDPD5DXO*LO
6È%
K
5HDOLW\6KRZ
(645
(VTXDGUmRGD0RGD
6È%
K
5HDOLW\6KRZ
%$.(
%DNH2II%UDVLO0mRQD0DVVDDWp
6È%
K
5HDOLW\6KRZ
&2=3
+HOO
V.LWFKHQ&R]LQKD6RE3UHVVmRDSDUWLUGH
6È%
K
$XGLWyULR
6$%'
6DEDGmR
6È%
K
)LOPH
&%($
&LQH%HODV$UWHV
6È%
K
6pULH
7$4
$WDTXHGH5LVRV,/RYH/XF\
6È%
K
6pULH
7$4
$WDTXHGH5LVRV8PD)DPtOLD3HUGLGDQR0HLRGR1DGD
6È%
K
6pULH
7$4
$WDTXHGH5LVRV6XEXUJDWyULR
6(*6(;
K
-RUQDOLVPR
6(*6(;
K
6(*6(;
K
6(*6(;
'20
K
5HSRUWDJHP
%&$0
%UDVLO&DPLQKRQHLUR
'20
K
'RFXPHQWiULR
785$
7XULVPR$YHQWXUD
'20
K
(VSRUWH
$&(5
$FHOHUDGRV
'20
K
,QIDQWLO
0','
0XQGR'LVQH\
'20
K
$XGLWyULR
'2/(
'RPLQJR/HJDO
'20
K
$XGLWyULR
3(/,
(OLDQD
'20
K
$XGLWyULR
366/
3URJUDPD6LOYLR6DQWRV
'20
K
5HSRUWDJHP
&5(3
&RQH[mR5HSyUWHU
'20
K
6pULH
6'2
6pULH'RPLQJR$UTXHLUR
'20
K
6pULH
6'2
6HULH'RPLQJR1LNLWD
'20
K
6pULH
6'2
6pULH'RPLQJR*ROGHQ%R\
1mRH[LEHHPPHUFDGR1(7&RQVXOWH3URJUDPDomR/RFDO
&RQVXOWHGLVSRQLELOLGDGHGHFRPHUFLDOL]DomR
-RUQDOGR6%7KHKQmRVHUmRH[LELGRVjVVH[WDVHViEDGRV
¬VTXDUWDVIHLUDVR3URJUDPDGR5DWLQKRVHUiH[LELGRGDVjV
7RGDFRPHUFLDOL]DomRUHIHUHQWHDRSURJUDPD%UDVLO&DPLQKRQHLURHRSHUDo}HVTXHHQYROYDPHVWHSURFHVVRGHYHUmRVHUWUDWDGRVGLUHWDPHQWHFRPR*UXSR&REUDPGHWHQWRUGRIRUPDWRDWUDYpVGRWHOHIRQH
GLVSRQtYHODSHQDVSDUDDSUDoD1(7
7RGDFRPHUFLDOL]DomRUHIHUHQWHDRVSURJUDPDV0XQGR'LVQH\HRSHUDo}HVTXHHQYROYDPHVWHSURFHVVRSDUDDVSUDoDV1(7H5HJLRQDLV6mR3DXOR-D~5LEHLUmR3UHWR6mR-RVpGRV&DPSRV5LR
$OHJUH%UDVtOLD%HOpPH6$7GHYHUmRVHUWUDWDGRVGLUHWDPHQWHFRPD'LVQH\PHGLDDWUDYpVGRWHOHIRQH
2EV
2VSURJUDPDV712,-6%72.36(6(0DSUHVHQWDPYDULDo}HVHPVHXVKRUiULRVSDUDDOJXQVGLDVGDVHPDQD&RQVXOWDUJUDGHGHGLVWULEXLomRVHPDQDO
$VRPD(VWDGRpSDUDHIHLWRGHSODQHMDPHQWRSRUWDQWRDVDXWRUL]Do}HVGHYHUmRSHUPDQHFHUFRPYDORUHVSUDoDDSUDoD
1257(
3UHoRVHPUHDLVYiOLGRVDSDUWLUGHGH2XWXEURGH &RPHUFLDLVGH 9UV,,
',$
+25$
*Ç1(52
&Ï'
3DUi
%HOpP
,WDLWXED
(VWDGR
6%7
7Y7DSDMRDUD
352*5$0$
6DQWDUpP
7Y3RQWD
1HJUD
3$(
3$
3$
6(*6(;
K
-RUQDOLVPR
-60$
-RUQDOGR6%70DQKm
3$
6(*6(;
K
,QIDQWLO
&6$
&DUURVVHO$QLPDGR
6(*6(;
K
,QIDQWLO
0'66
0XQGR'LVQH\
6(*6(;
K
,QIDQWLO
%20'
%RP'LD&LD
6(*6È%
K
6pULH
6(7
6pULH7DUGH'XSODGR%DUXOKR
6(*6(;
K
$XGLWyULR
&6')
&DVRVGH)DPtOLD
6(*6(;
K
1RYHOD
197
1RYHOD7DUGH3pUROD1HJUD
6(*6(;
K
1RYHOD
197
1RYHOD7DUGH&RUDomR,QGRPiYHO
6(*6(;
K
1RYHOD
197
1RYHOD7DUGH$'RQD
6(*6$%
K
6pULH
651
6pULH1RLWH&KDYHV
6(*6$%
K
-RUQDOLVPR
6%7,
6%7%UDVLO
6(*6(;
K
1RYHOD
191
1RYHOD1RLWH&~PSOLFHVGHXP5HVJDWH
6(*6(;
K
1RYHOD
191
1RYHOD1RLWH&DUURVVHO
6(*6(;
K
$XGLWyULR
5$7+
3URJUDPDGR5DWLQKR
6(*6(;
K
$XGLWyULR
712,
7KH1RLWH
6(*6(;
K
-RUQDOLVPR
-6%7
-RUQDOGR6%7
6(*6(;
K
6KRZ
2.36
2ND\3HVVRDO
6(*'20
K
-RUQDOLVPR
-25
-RUQDOGR6%70DGUXJDGD
6(*'20
K
-RUQDOLVPR
-25
-RUQDOGR6%70DGUXJDGD5HSULVH
6(;
K
6pULH
76(
7HOH6HULDGRV,
6(;
K
6pULH
7/6
7HOH6HULDGRV,,
6(*
K
5HDOLW\6KRZ
04)0
0iTXLQDGD)DPD
7(5
K
)LOPH
&,1(
&LQH(VSHWDFXODU
48,
K
+XPRUtVWLFR
$3$&
$3UDoDp1RVVD
6(;
K
)LOPH
7(/$
7HODGH6XFHVVRV
6È%
K
,QIDQWLO
+9(
&KDYHV
6È%
K
,QIDQWLO
6$1,
6iEDGR$QLPDGR
6È%
K
,QIDQWLO
0',6
0XQGR'LVQH\
6È%
K
$XGLWyULR
5$8/
3URJUDPD5DXO*LO
6È%
K
5HDOLW\6KRZ
(645
(VTXDGUmRGD0RGD
6È%
K
5HDOLW\6KRZ
%$.(
%DNH2II%UDVLO0mRQD0DVVDDWp
6È%
K
5HDOLW\6KRZ
&2=3
+HOO
V.LWFKHQ&R]LQKD6RE3UHVVmRDSDUWLUGH
6È%
K
$XGLWyULR
6$%'
6DEDGmR
6È%
K
)LOPH
&%($
&LQH%HODV$UWHV
6È%
K
6pULH
7$4
$WDTXHGH5LVRV,/RYH/XF\
6È%
K
6pULH
7$4
$WDTXHGH5LVRV8PD)DPtOLD3HUGLGDQR0HLRGR1DGD
6È%
K
6pULH
7$4
$WDTXHGH5LVRV6XEXUJDWyULR
'20
K
5HSRUWDJHP
%&$0
%UDVLO&DPLQKRQHLUR
'20
K
'RFXPHQWiULR
785$
7XULVPR$YHQWXUD
'20
K
(VSRUWH
$&(5
$FHOHUDGRV
'20
K
,QIDQWLO
0','
0XQGR'LVQH\
'20
K
$XGLWyULR
'2/(
'RPLQJR/HJDO
'20
K
$XGLWyULR
3(/,
(OLDQD
'20
K
$XGLWyULR
366/
3URJUDPD6LOYLR6DQWRV
'20
K
5HSRUWDJHP
&5(3
&RQH[mR5HSyUWHU
'20
K
6pULH
6'2
6pULH'RPLQJR$UTXHLUR
'20
K
6pULH
6'2
6HULH'RPLQJR1LNLWD
'20
K
6pULH
6'2
6pULH'RPLQJR*ROGHQ%R\
1mRH[LEHHPPHUFDGR1(7&RQVXOWH3URJUDPDomR/RFDO
&RQVXOWHGLVSRQLELOLGDGHGHFRPHUFLDOL]DomR
-RUQDOGR6%7KHKQmRVHUmRH[LELGRVjVVH[WDVHViEDGRV
¬VTXDUWDVIHLUDVR3URJUDPDGR5DWLQKRVHUiH[LELGRGDVjV
7RGDFRPHUFLDOL]DomRUHIHUHQWHDRSURJUDPD%UDVLO&DPLQKRQHLURHRSHUDo}HVTXHHQYROYDPHVWHSURFHVVRGHYHUmRVHUWUDWDGRVGLUHWDPHQWHFRPR*UXSR&REUDPGHWHQWRUGRIRUPDWRDWUDYpVGRWHOHIRQH
&RPHUFLDOL]DomRGLVSRQtYHODSHQDVSDUDDSUDoD1(7
7RGDFRPHUFLDOL]DomRUHIHUHQWHDRVSURJUDPDV0XQGR'LVQH\HRSHUDo}HVTXHHQYROYDPHVWHSURFHVVRSDUDDVSUDoDV1(7H5HJLRQDLV6mR3DXOR-D~5LEHLUmR3UHWR6mR-RVpGRV&DPSRV5LRGH-DQHLUR1RYD)ULEXUJR3RUWR
$OHJUH%UDVtOLD%HOpPH6$7GHYHUmRVHUWUDWDGRVGLUHWDPHQWHFRPD'LVQH\PHGLDDWUDYpVGRWHOHIRQH
2EV
2VSURJUDPDV712,-6%72.36(6(0DSUHVHQWDPYDULDo}HVHPVHXVKRUiULRVSDUDDOJXQVGLDVGDVHPDQD&RQVXOWDUJUDGHGHGLVWULEXLomRVHPDQDO
$VRPD(VWDGRpSDUDHIHLWRGHSODQHMDPHQWRSRUWDQWRDVDXWRUL]Do}HVGHYHUmRSHUPDQHFHUFRPYDORUHVSUDoDDSUDoD
1257(
3UHoRVHPUHDLVYiOLGRVDSDUWLUGHGH2XWXEURGH &RPHUFLDLVGH 9UV,,
',$
+25$
*Ç1(52
&Ï'
7XFXUXt
$OWDPLUD
7Y)ORUHVWD
7Y9DOHGR
;LQJ~
352*5$0$
$OHQTXHU
3DUDJRPLQDV
7Y0RQWHV
7Y2XUR9HUGH
&ODURV
3$
3$
3$
3$
-60$
-RUQDOGR6%70DQKm
,QIDQWLO
&6$
&DUURVVHO$QLPDGR
,QIDQWLO
0'66
0XQGR'LVQH\
K
,QIDQWLO
%20'
%RP'LD&LD
6(*6È%
K
6pULH
6(7
6pULH7DUGH'XSODGR%DUXOKR
6(*6(;
K
$XGLWyULR
&6')
&DVRVGH)DPtOLD
6(*6(;
K
1RYHOD
197
1RYHOD7DUGH3pUROD1HJUD
6(*6(;
K
1RYHOD
197
1RYHOD7DUGH&RUDomR,QGRPiYHO
6(*6(;
K
1RYHOD
197
1RYHOD7DUGH$'RQD
6(*6$%
K
6pULH
651
6pULH1RLWH&KDYHV
6(*6$%
K
-RUQDOLVPR
6%7,
6%7%UDVLO
6(*6(;
K
1RYHOD
191
1RYHOD1RLWH&~PSOLFHVGHXP5HVJDWH
6(*6(;
K
1RYHOD
191
1RYHOD1RLWH&DUURVVHO
6(*6(;
K
$XGLWyULR
5$7+
3URJUDPDGR5DWLQKR
6(*6(;
K
$XGLWyULR
712,
7KH1RLWH
6(*6(;
K
-RUQDOLVPR
-6%7
-RUQDOGR6%7
6(*6(;
K
6KRZ
2.36
2ND\3HVVRDO
6(*'20
K
-RUQDOLVPR
-25
-RUQDOGR6%70DGUXJDGD
6(*'20
K
-RUQDOLVPR
-25
-RUQDOGR6%70DGUXJDGD5HSULVH
6(;
K
6pULH
76(
7HOH6HULDGRV,
6(;
K
6pULH
7/6
7HOH6HULDGRV,,
6(*
K
5HDOLW\6KRZ
04)0
0iTXLQDGD)DPD
7(5
K
)LOPH
&,1(
&LQH(VSHWDFXODU
48,
K
+XPRUtVWLFR
$3$&
$3UDoDp1RVVD
6(;
K
)LOPH
7(/$
7HODGH6XFHVVRV
6È%
K
,QIDQWLO
+9(
&KDYHV
6È%
K
,QIDQWLO
6$1,
6iEDGR$QLPDGR
6È%
K
,QIDQWLO
0',6
0XQGR'LVQH\
6È%
K
$XGLWyULR
5$8/
3URJUDPD5DXO*LO
6È%
K
5HDOLW\6KRZ
(645
(VTXDGUmRGD0RGD
6È%
K
5HDOLW\6KRZ
%$.(
%DNH2II%UDVLO0mRQD0DVVDDWp
6È%
K
5HDOLW\6KRZ
&2=3
+HOO
V.LWFKHQ&R]LQKD6RE3UHVVmRDSDUWLUGH
6È%
K
$XGLWyULR
6$%'
6DEDGmR
6È%
K
)LOPH
&%($
&LQH%HODV$UWHV
6È%
K
6pULH
7$4
$WDTXHGH5LVRV,/RYH/XF\
6È%
K
6pULH
7$4
$WDTXHGH5LVRV8PD)DPtOLD3HUGLGDQR0HLRGR1DGD
6È%
K
6pULH
7$4
$WDTXHGH5LVRV6XEXUJDWyULR
6(*6(;
K
-RUQDOLVPR
6(*6(;
K
6(*6(;
K
6(*6(;
'20
K
5HSRUWDJHP
%&$0
%UDVLO&DPLQKRQHLUR
'20
K
'RFXPHQWiULR
785$
7XULVPR$YHQWXUD
'20
K
(VSRUWH
$&(5
$FHOHUDGRV
'20
K
,QIDQWLO
0','
0XQGR'LVQH\
'20
K
$XGLWyULR
'2/(
'RPLQJR/HJDO
'20
K
$XGLWyULR
3(/,
(OLDQD
'20
K
$XGLWyULR
366/
3URJUDPD6LOYLR6DQWRV
'20
K
5HSRUWDJHP
&5(3
&RQH[mR5HSyUWHU
'20
K
6pULH
6'2
6pULH'RPLQJR$UTXHLUR
'20
K
6pULH
6'2
6HULH'RPLQJR1LNLWD
'20
K
6pULH
6'2
6pULH'RPLQJR*ROGHQ%R\
1mRH[LEHHPPHUFDGR1(7&RQVXOWH3URJUDPDomR/RFDO
&RQVXOWHGLVSRQLELOLGDGHGHFRPHUFLDOL]DomR
-RUQDOGR6%7KHKQmRVHUmRH[LELGRVjVVH[WDVHViEDGRV
¬VTXDUWDVIHLUDVR3URJUDPDGR5DWLQKRVHUiH[LELGRGDVjV
7RGDFRPHUFLDOL]DomRUHIHUHQWHDRSURJUDPD%UDVLO&DPLQKRQHLURHRSHUDo}HVTXHHQYROYDPHVWHSURFHVVRGHYHUmRVHUWUDWDGRVGLUHWDPHQWHFRPR*UXSR&REUDPGHWHQWRUGRIRUPDWRDWUDYpVGRWHOHIRQH
&RPHUFLDOL]DomRGLVSRQtYHODSHQDVSDUDDSUDoD1(7
7RGDFRPHUFLDOL]DomRUHIHUHQWHDRVSURJUDPDV0XQGR'LVQH\HRSHUDo}HVTXHHQYROYDPHVWHSURFHVVRSDUDDVSUDoDV1(7H5HJLRQDLV6mR3DXOR-D~5LEHLUmR3UHWR6mR-RVpGRV&DPSRV5LRGH
$OHJUH%UDVtOLD%HOpPH6$7GHYHUmRVHUWUDWDGRVGLUHWDPHQWHFRPD'LVQH\PHGLDDWUDYpVGRWHOHIRQH
2EV
2VSURJUDPDV712,-6%72.36(6(0DSUHVHQWDPYDULDo}HVHPVHXVKRUiULRVSDUDDOJXQVGLDVGDVHPDQD&RQVXOWDUJUDGHGHGLVWULEXLomRVHPDQDO
$VRPD(VWDGRpSDUDHIHLWRGHSODQHMDPHQWRSRUWDQWRDVDXWRUL]Do}HVGHYHUmRSHUPDQHFHUFRPYDORUHVSUDoDDSUDoD
1257(
3UHoRVHPUHDLVYiOLGRVDSDUWLUGHGH2XWXEURGH &RPHUFLDLVGH 9UV,,
',$
+25$
*Ç1(52
&Ï'
5RQGRQ
&DVWDQKDO
6DOLQySROLV
%UDJDQoD
7Y5RQGRQ
7Y5WS
7Y5WS
7Y5WS
3$
352*5$0$
3$
3$
3$
6(*6(;
K
-RUQDOLVPR
-60$
-RUQDOGR6%70DQKm
6(*6(;
K
,QIDQWLO
&6$
&DUURVVHO$QLPDGR
6(*6(;
K
,QIDQWLO
0'66
0XQGR'LVQH\
6(*6(;
K
,QIDQWLO
%20'
%RP'LD&LD
6(*6È%
K
6pULH
6(7
6pULH7DUGH'XSODGR%DUXOKR
6(*6(;
K
$XGLWyULR
&6')
&DVRVGH)DPtOLD
6(*6(;
K
1RYHOD
197
1RYHOD7DUGH3pUROD1HJUD
6(*6(;
K
1RYHOD
197
1RYHOD7DUGH&RUDomR,QGRPiYHO
6(*6(;
K
1RYHOD
197
1RYHOD7DUGH$'RQD
6(*6$%
K
6pULH
651
6pULH1RLWH&KDYHV
6(*6$%
K
-RUQDOLVPR
6%7,
6%7%UDVLO
6(*6(;
K
1RYHOD
191
1RYHOD1RLWH&~PSOLFHVGHXP5HVJDWH
6(*6(;
K
1RYHOD
191
1RYHOD1RLWH&DUURVVHO
6(*6(;
K
$XGLWyULR
5$7+
3URJUDPDGR5DWLQKR
6(*6(;
K
$XGLWyULR
712,
7KH1RLWH
6(*6(;
K
-RUQDOLVPR
-6%7
-RUQDOGR6%7
6(*6(;
K
6KRZ
2.36
2ND\3HVVRDO
6(*'20
K
-RUQDOLVPR
-25
-RUQDOGR6%70DGUXJDGD
6(*'20
K
-RUQDOLVPR
-25
-RUQDOGR6%70DGUXJDGD5HSULVH
6(;
K
6pULH
76(
7HOH6HULDGRV,
6(;
K
6pULH
7/6
7HOH6HULDGRV,,
6(*
K
5HDOLW\6KRZ
04)0
0iTXLQDGD)DPD
7(5
K
)LOPH
&,1(
&LQH(VSHWDFXODU
48,
K
+XPRUtVWLFR
$3$&
$3UDoDp1RVVD
6(;
K
)LOPH
7(/$
7HODGH6XFHVVRV
6È%
K
,QIDQWLO
+9(
&KDYHV
6È%
K
,QIDQWLO
6$1,
6iEDGR$QLPDGR
6È%
K
,QIDQWLO
0',6
0XQGR'LVQH\
6È%
K
$XGLWyULR
5$8/
3URJUDPD5DXO*LO
6È%
K
5HDOLW\6KRZ
(645
(VTXDGUmRGD0RGD
6È%
K
5HDOLW\6KRZ
%$.(
%DNH2II%UDVLO0mRQD0DVVDDWp
6È%
K
5HDOLW\6KRZ
&2=3
+HOO
V.LWFKHQ&R]LQKD6RE3UHVVmRDSDUWLUGH
6È%
K
$XGLWyULR
6$%'
6DEDGmR
6È%
K
)LOPH
&%($
&LQH%HODV$UWHV
6È%
K
6pULH
7$4
$WDTXHGH5LVRV,/RYH/XF\
6È%
K
6pULH
7$4
$WDTXHGH5LVRV8PD)DPtOLD3HUGLGDQR0HLRGR1DGD
6È%
K
6pULH
7$4
$WDTXHGH5LVRV6XEXUJDWyULR
'20
K
5HSRUWDJHP
%&$0
%UDVLO&DPLQKRQHLUR
'20
K
'RFXPHQWiULR
785$
7XULVPR$YHQWXUD
'20
K
(VSRUWH
$&(5
$FHOHUDGRV
'20
K
,QIDQWLO
0','
0XQGR'LVQH\
'20
K
$XGLWyULR
'2/(
'RPLQJR/HJDO
'20
K
$XGLWyULR
3(/,
(OLDQD
'20
K
$XGLWyULR
366/
3URJUDPD6LOYLR6DQWRV
'20
K
5HSRUWDJHP
&5(3
&RQH[mR5HSyUWHU
'20
K
6pULH
6'2
6pULH'RPLQJR$UTXHLUR
'20
K
6pULH
6'2
6HULH'RPLQJR1LNLWD
'20
K
6pULH
6'2
6pULH'RPLQJR*ROGHQ%R\
1mRH[LEHHPPHUFDGR1(7&RQVXOWH3URJUDPDomR/RFDO
&RQVXOWHGLVSRQLELOLGDGHGHFRPHUFLDOL]DomR
-RUQDOGR6%7KHKQmRVHUmRH[LELGRVjVVH[WDVHViEDGRV
¬VTXDUWDVIHLUDVR3URJUDPDGR5DWLQKRVHUiH[LELGRGDVjV
7RGDFRPHUFLDOL]DomRUHIHUHQWHDRSURJUDPD%UDVLO&DPLQKRQHLURHRSHUDo}HVTXHHQYROYDPHVWHSURFHVVRGHYHUmRVHUWUDWDGRVGLUHWDPHQWHFRPR*UXSR&REUDPGHWHQWRUGRIRUPDWRDWUDYpVGRWHOHIRQH
&RPHUFLDOL]DomRGLVSRQtYHODSHQDVSDUDDSUDoD1(7
7RGDFRPHUFLDOL]DomRUHIHUHQWHDRVSURJUDPDV0XQGR'LVQH\HRSHUDo}HVTXHHQYROYDPHVWHSURFHVVRSDUDDVSUDoDV1(7H5HJLRQDLV6mR3DXOR-D~5LEHLUmR3UHWR6mR-RVpGRV&DPSRV5LRGH
$OHJUH%UDVtOLD%HOpPH6$7GHYHUmRVHUWUDWDGRVGLUHWDPHQWHFRPD'LVQH\PHGLDDWUDYpVGRWHOHIRQH
2EV
2VSURJUDPDV712,-6%72.36(6(0DSUHVHQWDPYDULDo}HVHPVHXVKRUiULRVSDUDDOJXQVGLDVGDVHPDQD&RQVXOWDUJUDGHGHGLVWULEXLomRVHPDQDO
$VRPD(VWDGRpSDUDHIHLWRGHSODQHMDPHQWRSRUWDQWRDVDXWRUL]Do}HVGHYHUmRSHUPDQHFHUFRPYDORUHVSUDoDDSUDoD
1257(
3UHoRVHPUHDLVYiOLGRVDSDUWLUGHGH2XWXEURGH &RPHUFLDLVGH 9UV,,
',$
+25$
*Ç1(52
&Ï'
&DSDQHPD
5HGHQomR
7XFXPm
-XUXWL
7Y5WS
7Y&LGDGH
7Y7XFXPm
7Y
3WD1HJUD
3$
352*5$0$
3$
3$
3$
6(*6(;
K
-RUQDOLVPR
-60$
-RUQDOGR6%70DQKm
6(*6(;
K
,QIDQWLO
&6$
&DUURVVHO$QLPDGR
6(*6(;
K
,QIDQWLO
0'66
0XQGR'LVQH\
6(*6(;
K
,QIDQWLO
%20'
%RP'LD&LD
6(*6È%
K
6pULH
6(7
6pULH7DUGH'XSODGR%DUXOKR
6(*6(;
K
$XGLWyULR
&6')
&DVRVGH)DPtOLD
6(*6(;
K
1RYHOD
197
1RYHOD7DUGH3pUROD1HJUD
6(*6(;
K
1RYHOD
197
1RYHOD7DUGH&RUDomR,QGRPiYHO
6(*6(;
K
1RYHOD
197
1RYHOD7DUGH$'RQD
6(*6$%
K
6pULH
651
6pULH1RLWH&KDYHV
6(*6$%
K
-RUQDOLVPR
6%7,
6%7%UDVLO
6(*6(;
K
1RYHOD
191
1RYHOD1RLWH&~PSOLFHVGHXP5HVJDWH
6(*6(;
K
1RYHOD
191
1RYHOD1RLWH&DUURVVHO
6(*6(;
K
$XGLWyULR
5$7+
3URJUDPDGR5DWLQKR
6(*6(;
K
$XGLWyULR
712,
7KH1RLWH
6(*6(;
K
-RUQDOLVPR
-6%7
-RUQDOGR6%7
6(*6(;
K
6KRZ
2.36
2ND\3HVVRDO
6(*'20
K
-RUQDOLVPR
-25
-RUQDOGR6%70DGUXJDGD
6(*'20
K
-RUQDOLVPR
-25
-RUQDOGR6%70DGUXJDGD5HSULVH
6(;
K
6pULH
76(
7HOH6HULDGRV,
6(;
K
6pULH
7/6
7HOH6HULDGRV,,
6(*
K
5HDOLW\6KRZ
04)0
0iTXLQDGD)DPD
7(5
K
)LOPH
&,1(
&LQH(VSHWDFXODU
48,
K
+XPRUtVWLFR
$3$&
$3UDoDp1RVVD
6(;
K
)LOPH
7(/$
7HODGH6XFHVVRV
6È%
K
,QIDQWLO
+9(
&KDYHV
6È%
K
,QIDQWLO
6$1,
6iEDGR$QLPDGR
6È%
K
,QIDQWLO
0',6
0XQGR'LVQH\
6È%
K
$XGLWyULR
5$8/
3URJUDPD5DXO*LO
6È%
K
5HDOLW\6KRZ
(645
(VTXDGUmRGD0RGD
6È%
K
5HDOLW\6KRZ
%$.(
%DNH2II%UDVLO0mRQD0DVVDDWp
6È%
K
5HDOLW\6KRZ
&2=3
+HOO
V.LWFKHQ&R]LQKD6RE3UHVVmRDSDUWLUGH
6È%
K
$XGLWyULR
6$%'
6DEDGmR
6È%
K
)LOPH
&%($
&LQH%HODV$UWHV
6È%
K
6pULH
7$4
$WDTXHGH5LVRV,/RYH/XF\
6È%
K
6pULH
7$4
$WDTXHGH5LVRV8PD)DPtOLD3HUGLGDQR0HLRGR1DGD
6È%
K
6pULH
7$4
$WDTXHGH5LVRV6XEXUJDWyULR
'20
K
5HSRUWDJHP
%&$0
%UDVLO&DPLQKRQHLUR
'20
K
'RFXPHQWiULR
785$
7XULVPR$YHQWXUD
'20
K
(VSRUWH
$&(5
$FHOHUDGRV
'20
K
,QIDQWLO
0','
0XQGR'LVQH\
'20
K
$XGLWyULR
'2/(
'RPLQJR/HJDO
'20
K
$XGLWyULR
3(/,
(OLDQD
'20
K
$XGLWyULR
366/
3URJUDPD6LOYLR6DQWRV
'20
K
5HSRUWDJHP
&5(3
&RQH[mR5HSyUWHU
'20
K
6pULH
6'2
6pULH'RPLQJR$UTXHLUR
'20
K
6pULH
6'2
6HULH'RPLQJR1LNLWD
'20
K
6pULH
6'2
6pULH'RPLQJR*ROGHQ%R\
1mRH[LEHHPPHUFDGR1(7&RQVXOWH3URJUDPDomR/RFDO
&RQVXOWHGLVSRQLELOLGDGHGHFRPHUFLDOL]DomR
-RUQDOGR6%7KHKQmRVHUmRH[LELGRVjVVH[WDVHViEDGRV
¬VTXDUWDVIHLUDVR3URJUDPDGR5DWLQKRVHUiH[LELGRGDVjV
7RGDFRPHUFLDOL]DomRUHIHUHQWHDRSURJUDPD%UDVLO&DPLQKRQHLURHRSHUDo}HVTXHHQYROYDPHVWHSURFHVVRGHYHUmRVHUWUDWDGRVGLUHWDPHQWHFRPR*UXSR&REUDPGHWHQWRUGRIRUPDWRDWUDYpVGRWHOHIRQH
&RPHUFLDOL]DomRGLVSRQtYHODSHQDVSDUDDSUDoD1(7
7RGDFRPHUFLDOL]DomRUHIHUHQWHDRVSURJUDPDV0XQGR'LVQH\HRSHUDo}HVTXHHQYROYDPHVWHSURFHVVRSDUDDVSUDoDV1(7H5HJLRQDLV6mR3DXOR-D~5LEHLUmR3UHWR6mR-RVpGRV&DPSRV5LRGH
$OHJUH%UDVtOLD%HOpPH6$7GHYHUmRVHUWUDWDGRVGLUHWDPHQWHFRPD'LVQH\PHGLDDWUDYpVGRWHOHIRQH
2EV
2VSURJUDPDV712,-6%72.36(6(0DSUHVHQWDPYDULDo}HVHPVHXVKRUiULRVSDUDDOJXQVGLDVGDVHPDQD&RQVXOWDUJUDGHGHGLVWULEXLomRVHPDQDO
$VRPD(VWDGRpSDUDHIHLWRGHSODQHMDPHQWRSRUWDQWRDVDXWRUL]Do}HVGHYHUmRSHUPDQHFHUFRPYDORUHVSUDoDDSUDoD
1257(
3UHoRVHPUHDLVYiOLGRVDSDUWLUGHGH2XWXEURGH &RPHUFLDLVGH 9UV,,
%HOWHUUD
352*5$0$
7Y
3WD1HJUD
0&DPSRV
2ELGRV
2UL[LPLQD
7HUUD6DQWD
',$
+25$
*Ç1(52
&Ï'
3$
3$
3$
6(*6(;
K
-RUQDOLVPR
-60$
-RUQDOGR6%70DQKm
6(*6(;
K
,QIDQWLO
&6$
&DUURVVHO$QLPDGR
6(*6(;
K
,QIDQWLO
0'66
0XQGR'LVQH\
6(*6(;
K
,QIDQWLO
%20'
%RP'LD&LD
6(*6È%
K
6pULH
6(7
6pULH7DUGH'XSODGR%DUXOKR
6(*6(;
K
$XGLWyULR
&6')
&DVRVGH)DPtOLD
6(*6(;
K
1RYHOD
197
1RYHOD7DUGH3pUROD1HJUD
6(*6(;
K
1RYHOD
197
1RYHOD7DUGH&RUDomR,QGRPiYHO
6(*6(;
K
1RYHOD
197
1RYHOD7DUGH$'RQD
6(*6$%
K
6pULH
651
6pULH1RLWH&KDYHV
6(*6$%
K
-RUQDOLVPR
6%7,
6%7%UDVLO
6(*6(;
K
1RYHOD
191
1RYHOD1RLWH&~PSOLFHVGHXP5HVJDWH
6(*6(;
K
1RYHOD
191
1RYHOD1RLWH&DUURVVHO
6(*6(;
K
$XGLWyULR
5$7+
3URJUDPDGR5DWLQKR
6(*6(;
K
$XGLWyULR
712,
7KH1RLWH
6(*6(;
K
-RUQDOLVPR
-6%7
-RUQDOGR6%7
6(*6(;
K
6KRZ
2.36
2ND\3HVVRDO
6(*'20
K
-RUQDOLVPR
-25
-RUQDOGR6%70DGUXJDGD
6(*'20
K
-RUQDOLVPR
-25
-RUQDOGR6%70DGUXJDGD5HSULVH
6(;
K
6pULH
76(
7HOH6HULDGRV,
6(;
K
6pULH
7/6
7HOH6HULDGRV,,
6(*
K
5HDOLW\6KRZ
04)0
0iTXLQDGD)DPD
7(5
K
)LOPH
&,1(
&LQH(VSHWDFXODU
7Y
7Y3WD1HJUD
3WD1HJUD
7Y
3WD1HJUD
3$
48,
K
+XPRUtVWLFR
$3$&
$3UDoDp1RVVD
6(;
K
)LOPH
7(/$
7HODGH6XFHVVRV
6È%
K
,QIDQWLO
+9(
&KDYHV
6È%
K
,QIDQWLO
6$1,
6iEDGR$QLPDGR
6È%
K
,QIDQWLO
0',6
0XQGR'LVQH\
6È%
K
$XGLWyULR
5$8/
3URJUDPD5DXO*LO
6È%
K
5HDOLW\6KRZ
(645
(VTXDGUmRGD0RGD
6È%
K
5HDOLW\6KRZ
%$.(
%DNH2II%UDVLO0mRQD0DVVDDWp
6È%
K
5HDOLW\6KRZ
&2=3
+HOO
V.LWFKHQ&R]LQKD6RE3UHVVmRDSDUWLUGH
6È%
K
$XGLWyULR
6$%'
6DEDGmR
6È%
K
)LOPH
&%($
&LQH%HODV$UWHV
6È%
K
6pULH
7$4
$WDTXHGH5LVRV,/RYH/XF\
6È%
K
6pULH
7$4
$WDTXHGH5LVRV8PD)DPtOLD3HUGLGDQR0HLRGR1DGD
6È%
K
6pULH
7$4
$WDTXHGH5LVRV6XEXUJDWyULR
'20
K
5HSRUWDJHP
%&$0
%UDVLO&DPLQKRQHLUR
'20
K
'RFXPHQWiULR
785$
7XULVPR$YHQWXUD
'20
K
(VSRUWH
$&(5
$FHOHUDGRV
'20
K
,QIDQWLO
0','
0XQGR'LVQH\
'20
K
$XGLWyULR
'2/(
'RPLQJR/HJDO
'20
K
$XGLWyULR
3(/,
(OLDQD
'20
K
$XGLWyULR
366/
3URJUDPD6LOYLR6DQWRV
'20
K
5HSRUWDJHP
&5(3
&RQH[mR5HSyUWHU
'20
K
6pULH
6'2
6pULH'RPLQJR$UTXHLUR
'20
K
6pULH
6'2
6HULH'RPLQJR1LNLWD
'20
K
6pULH
6'2
6pULH'RPLQJR*ROGHQ%R\
1mRH[LEHHPPHUFDGR1(7&RQVXOWH3URJUDPDomR/RFDO
&RQVXOWHGLVSRQLELOLGDGHGHFRPHUFLDOL]DomR
-RUQDOGR6%7KHKQmRVHUmRH[LELGRVjVVH[WDVHViEDGRV
¬VTXDUWDVIHLUDVR3URJUDPDGR5DWLQKRVHUiH[LELGRGDVjV
7RGDFRPHUFLDOL]DomRUHIHUHQWHDRSURJUDPD%UDVLO&DPLQKRQHLURHRSHUDo}HVTXHHQYROYDPHVWHSURFHVVRGHYHUmRVHUWUDWDGRVGLUHWDPHQWHFRPR*UXSR&REUDPGHWHQWRUGRIRUPDWRDWUDYpVGRWHOHIRQH
&RPHUFLDOL]DomRGLVSRQtYHODSHQDVSDUDDSUDoD1(7
7RGDFRPHUFLDOL]DomRUHIHUHQWHDRVSURJUDPDV0XQGR'LVQH\HRSHUDo}HVTXHHQYROYDPHVWHSURFHVVRSDUDDVSUDoDV1(7H5HJLRQDLV6mR3DXOR-D~5LEHLUmR3UHWR6mR-RVpGRV&DPSRV5LRGH
$OHJUH%UDVtOLD%HOpPH6$7GHYHUmRVHUWUDWDGRVGLUHWDPHQWHFRPD'LVQH\PHGLDDWUDYpVGRWHOHIRQH
2EV
2VSURJUDPDV712,-6%72.36(6(0DSUHVHQWDPYDULDo}HVHPVHXVKRUiULRVSDUDDOJXQVGLDVGDVHPDQD&RQVXOWDUJUDGHGHGLVWULEXLomRVHPDQDO
$VRPD(VWDGRpSDUDHIHLWRGHSODQHMDPHQWRSRUWDQWRDVDXWRUL]Do}HVGHYHUmRSHUPDQHFHUFRPYDORUHVSUDoDDSUDoD
1257(
3UHoRVHPUHDLVYiOLGRVDSDUWLUGHGH2XWXEURGH &RPHUFLDLVGH 9UV,,
$EDHWHWXED
',$
+25$
*Ç1(52
&Ï'
352*5$0$
7Y
$EDHWHWXED
%DJUH
0RFDMXED
6mR)HOL[GR
;LQJX
7Y%DJUH 7Y0RFDMXEHQVH 7Y;LQJX
3$
3$
3$
6(*6(;
K
-RUQDOLVPR
-60$
-RUQDOGR6%70DQKm
6(*6(;
K
,QIDQWLO
&6$
&DUURVVHO$QLPDGR
6(*6(;
K
,QIDQWLO
0'66
0XQGR'LVQH\
6(*6(;
K
,QIDQWLO
%20'
%RP'LD&LD
6(*6È%
K
6pULH
6(7
6pULH7DUGH'XSODGR%DUXOKR
6(*6(;
K
$XGLWyULR
&6')
&DVRVGH)DPtOLD
6(*6(;
K
1RYHOD
197
1RYHOD7DUGH3pUROD1HJUD
6(*6(;
K
1RYHOD
197
1RYHOD7DUGH&RUDomR,QGRPiYHO
6(*6(;
K
1RYHOD
197
1RYHOD7DUGH$'RQD
6(*6$%
K
6pULH
651
6pULH1RLWH&KDYHV
6(*6$%
K
-RUQDOLVPR
6%7,
6%7%UDVLO
6(*6(;
K
1RYHOD
191
1RYHOD1RLWH&~PSOLFHVGHXP5HVJDWH
6(*6(;
K
1RYHOD
191
1RYHOD1RLWH&DUURVVHO
6(*6(;
K
$XGLWyULR
5$7+
3URJUDPDGR5DWLQKR
6(*6(;
K
$XGLWyULR
712,
7KH1RLWH
6(*6(;
K
-RUQDOLVPR
-6%7
-RUQDOGR6%7
6(*6(;
K
6KRZ
2.36
2ND\3HVVRDO
6(*'20
K
-RUQDOLVPR
-25
-RUQDOGR6%70DGUXJDGD
6(*'20
K
-RUQDOLVPR
-25
-RUQDOGR6%70DGUXJDGD5HSULVH
6(;
K
6pULH
76(
7HOH6HULDGRV,
6(;
K
6pULH
7/6
7HOH6HULDGRV,,
6(*
K
5HDOLW\6KRZ
04)0
0iTXLQDGD)DPD
7(5
K
)LOPH
&,1(
&LQH(VSHWDFXODU
3$
48,
K
+XPRUtVWLFR
$3$&
$3UDoDp1RVVD
6(;
K
)LOPH
7(/$
7HODGH6XFHVVRV
6È%
K
,QIDQWLO
+9(
&KDYHV
6È%
K
,QIDQWLO
6$1,
6iEDGR$QLPDGR
6È%
K
,QIDQWLO
0',6
0XQGR'LVQH\
6È%
K
$XGLWyULR
5$8/
3URJUDPD5DXO*LO
6È%
K
5HDOLW\6KRZ
(645
(VTXDGUmRGD0RGD
6È%
K
5HDOLW\6KRZ
%$.(
%DNH2II%UDVLO0mRQD0DVVDDWp
6È%
K
5HDOLW\6KRZ
&2=3
+HOO
V.LWFKHQ&R]LQKD6RE3UHVVmRDSDUWLUGH
6È%
K
$XGLWyULR
6$%'
6DEDGmR
6È%
K
)LOPH
&%($
&LQH%HODV$UWHV
6È%
K
6pULH
7$4
$WDTXHGH5LVRV,/RYH/XF\
6È%
K
6pULH
7$4
$WDTXHGH5LVRV8PD)DPtOLD3HUGLGDQR0HLRGR1DGD
6È%
K
6pULH
7$4
$WDTXHGH5LVRV6XEXUJDWyULR
'20
K
5HSRUWDJHP
%&$0
%UDVLO&DPLQKRQHLUR
'20
K
'RFXPHQWiULR
785$
7XULVPR$YHQWXUD
'20
K
(VSRUWH
$&(5
$FHOHUDGRV
'20
K
,QIDQWLO
0','
0XQGR'LVQH\
'20
K
$XGLWyULR
'2/(
'RPLQJR/HJDO
'20
K
$XGLWyULR
3(/,
(OLDQD
'20
K
$XGLWyULR
366/
3URJUDPD6LOYLR6DQWRV
'20
K
5HSRUWDJHP
&5(3
&RQH[mR5HSyUWHU
'20
K
6pULH
6'2
6pULH'RPLQJR$UTXHLUR
'20
K
6pULH
6'2
6HULH'RPLQJR1LNLWD
'20
K
6pULH
6'2
6pULH'RPLQJR*ROGHQ%R\
1mRH[LEHHPPHUFDGR1(7&RQVXOWH3URJUDPDomR/RFDO
&RQVXOWHGLVSRQLELOLGDGHGHFRPHUFLDOL]DomR
-RUQDOGR6%7KHKQmRVHUmRH[LELGRVjVVH[WDVHViEDGRV
¬VTXDUWDVIHLUDVR3URJUDPDGR5DWLQKRVHUiH[LELGRGDVjV
7RGDFRPHUFLDOL]DomRUHIHUHQWHDRSURJUDPD%UDVLO&DPLQKRQHLURHRSHUDo}HVTXHHQYROYDPHVWHSURFHVVRGHYHUmRVHUWUDWDGRVGLUHWDPHQWHFRPR*UXSR&REUDPGHWHQWRUGRIRUPDWRDWUDYpVGRWHOHIRQH
&RPHUFLDOL]DomRGLVSRQtYHODSHQDVSDUDDSUDoD1(7
7RGDFRPHUFLDOL]DomRUHIHUHQWHDRVSURJUDPDV0XQGR'LVQH\HRSHUDo}HVTXHHQYROYDPHVWHSURFHVVRSDUDDVSUDoDV1(7H5HJLRQDLV6mR3DXOR-D~5LEHLUmR3UHWR6mR-RVpGRV&DPSRV5LRGH
$OHJUH%UDVtOLD%HOpPH6$7GHYHUmRVHUWUDWDGRVGLUHWDPHQWHFRPD'LVQH\PHGLDDWUDYpVGRWHOHIRQH
2EV
2VSURJUDPDV712,-6%72.36(6(0DSUHVHQWDPYDULDo}HVHPVHXVKRUiULRVSDUDDOJXQVGLDVGDVHPDQD&RQVXOWDUJUDGHGHGLVWULEXLomRVHPDQDO
$VRPD(VWDGRpSDUDHIHLWRGHSODQHMDPHQWRSRUWDQWRDVDXWRUL]Do}HVGHYHUmRSHUPDQHFHUFRPYDORUHVSUDoDDSUDoD
1257(
3UHoRVHPUHDLVYiOLGRVDSDUWLUGHGH2XWXEURGH &RPHUFLDLVGH 9UV,,
',$
+25$
*Ç1(52
&Ï'
352*5$0$
6mR0LJXHO
GR*XPi
9LJLD
0DUDEi
0DQDXV
7Y
6mR0LJXHO
7Y,GHDO
7Y&RUUHLR
7Y0DQDXV
3$
3$
3$
$0
-60$
-RUQDOGR6%70DQKm
,QIDQWLO
&6$
&DUURVVHO$QLPDGR
,QIDQWLO
0'66
0XQGR'LVQH\
K
,QIDQWLO
%20'
%RP'LD&LD
6(*6È%
K
6pULH
6(7
6pULH7DUGH'XSODGR%DUXOKR
6(*6(;
K
$XGLWyULR
&6')
&DVRVGH)DPtOLD
6(*6(;
K
1RYHOD
197
1RYHOD7DUGH3pUROD1HJUD
6(*6(;
K
1RYHOD
197
1RYHOD7DUGH&RUDomR,QGRPiYHO
6(*6(;
K
1RYHOD
197
1RYHOD7DUGH$'RQD
6(*6$%
K
6pULH
651
6pULH1RLWH&KDYHV
6(*6$%
K
-RUQDOLVPR
6%7,
6%7%UDVLO
6(*6(;
K
1RYHOD
191
1RYHOD1RLWH&~PSOLFHVGHXP5HVJDWH
6(*6(;
K
1RYHOD
191
1RYHOD1RLWH&DUURVVHO
6(*6(;
K
$XGLWyULR
5$7+
3URJUDPDGR5DWLQKR
6(*6(;
K
$XGLWyULR
712,
7KH1RLWH
6(*6(;
K
-RUQDOLVPR
-6%7
-RUQDOGR6%7
6(*6(;
K
6KRZ
2.36
2ND\3HVVRDO
6(*'20
K
-RUQDOLVPR
-25
-RUQDOGR6%70DGUXJDGD
6(*'20
K
-RUQDOLVPR
-25
-RUQDOGR6%70DGUXJDGD5HSULVH
6(;
K
6pULH
76(
7HOH6HULDGRV,
6(;
K
6pULH
7/6
7HOH6HULDGRV,,
6(*
K
5HDOLW\6KRZ
04)0
0iTXLQDGD)DPD
7(5
K
)LOPH
&,1(
&LQH(VSHWDFXODU
48,
K
+XPRUtVWLFR
$3$&
$3UDoDp1RVVD
6(;
K
)LOPH
7(/$
7HODGH6XFHVVRV
6È%
K
,QIDQWLO
+9(
&KDYHV
6È%
K
,QIDQWLO
6$1,
6iEDGR$QLPDGR
6È%
K
,QIDQWLO
0',6
0XQGR'LVQH\
6È%
K
$XGLWyULR
5$8/
3URJUDPD5DXO*LO
6È%
K
5HDOLW\6KRZ
(645
(VTXDGUmRGD0RGD
6È%
K
5HDOLW\6KRZ
%$.(
%DNH2II%UDVLO0mRQD0DVVDDWp
6È%
K
5HDOLW\6KRZ
&2=3
+HOO
V.LWFKHQ&R]LQKD6RE3UHVVmRDSDUWLUGH
6È%
K
$XGLWyULR
6$%'
6DEDGmR
6È%
K
)LOPH
&%($
&LQH%HODV$UWHV
6È%
K
6pULH
7$4
$WDTXHGH5LVRV,/RYH/XF\
6È%
K
6pULH
7$4
$WDTXHGH5LVRV8PD)DPtOLD3HUGLGDQR0HLRGR1DGD
6È%
K
6pULH
7$4
$WDTXHGH5LVRV6XEXUJDWyULR
6(*6(;
K
-RUQDOLVPR
6(*6(;
K
6(*6(;
K
6(*6(;
'20
K
5HSRUWDJHP
%&$0
%UDVLO&DPLQKRQHLUR
'20
K
'RFXPHQWiULR
785$
7XULVPR$YHQWXUD
'20
K
(VSRUWH
$&(5
$FHOHUDGRV
'20
K
,QIDQWLO
0','
0XQGR'LVQH\
'20
K
$XGLWyULR
'2/(
'RPLQJR/HJDO
'20
K
$XGLWyULR
3(/,
(OLDQD
'20
K
$XGLWyULR
366/
3URJUDPD6LOYLR6DQWRV
'20
K
5HSRUWDJHP
&5(3
&RQH[mR5HSyUWHU
'20
K
6pULH
6'2
6pULH'RPLQJR$UTXHLUR
'20
K
6pULH
6'2
6HULH'RPLQJR1LNLWD
'20
K
6pULH
6'2
6pULH'RPLQJR*ROGHQ%R\
1mRH[LEHHPPHUFDGR1(7&RQVXOWH3URJUDPDomR/RFDO
&RQVXOWHGLVSRQLELOLGDGHGHFRPHUFLDOL]DomR
-RUQDOGR6%7KHKQmRVHUmRH[LELGRVjVVH[WDVHViEDGRV
¬VTXDUWDVIHLUDVR3URJUDPDGR5DWLQKRVHUiH[LELGRGDVjV
7RGDFRPHUFLDOL]DomRUHIHUHQWHDRSURJUDPD%UDVLO&DPLQKRQHLURHRSHUDo}HVTXHHQYROYDPHVWHSURFHVVRGHYHUmRVHUWUDWDGRVGLUHWDPHQWHFRPR*UXSR&REUDPGHWHQWRUGRIRUPDWRDWUDYpVGRWHOHIRQH
&RPHUFLDOL]DomRGLVSRQtYHODSHQDVSDUDDSUDoD1(7
7RGDFRPHUFLDOL]DomRUHIHUHQWHDRVSURJUDPDV0XQGR'LVQH\HRSHUDo}HVTXHHQYROYDPHVWHSURFHVVRSDUDDVSUDoDV1(7H5HJLRQDLV6mR3DXOR-D~5LEHLUmR3UHWR6mR-RVpGRV&DPSRV5LRGH
$OHJUH%UDVtOLD%HOpPH6$7GHYHUmRVHUWUDWDGRVGLUHWDPHQWHFRPD'LVQH\PHGLDDWUDYpVGRWHOHIRQH
2EV
2VSURJUDPDV712,-6%72.36(6(0DSUHVHQWDPYDULDo}HVHPVHXVKRUiULRVSDUDDOJXQVGLDVGDVHPDQD&RQVXOWDUJUDGHGHGLVWULEXLomRVHPDQDO
$VRPD(VWDGRpSDUDHIHLWRGHSODQHMDPHQWRSRUWDQWRDVDXWRUL]Do}HVGHYHUmRSHUPDQHFHUFRPYDORUHVSUDoDDSUDoD
1257(
3UHoRVHPUHDLVYiOLGRVDSDUWLUGHGH2XWXEURGH &RPHUFLDLVGH 9UV,,
$FUH
',$
+25$
*Ç1(52
&Ï'
5LR%UDQFR &UX]'R6XO
352*5$0$
5RQG{QLD
(VWDGR
7Y5LR
%UDQFR
7Y-XUXi
(VWDGR
52(
$&(
$&
$&
6(*6(;
K
-RUQDOLVPR
-60$
-RUQDOGR6%70DQKm
6(*6(;
K
,QIDQWLO
&6$
&DUURVVHO$QLPDGR
6(*6(;
K
,QIDQWLO
0'66
0XQGR'LVQH\
6(*6(;
K
,QIDQWLO
%20'
%RP'LD&LD
6(*6È%
K
6pULH
6(7
6pULH7DUGH'XSODGR%DUXOKR
6(*6(;
K
$XGLWyULR
&6')
&DVRVGH)DPtOLD
6(*6(;
K
1RYHOD
197
1RYHOD7DUGH3pUROD1HJUD
6(*6(;
K
1RYHOD
197
1RYHOD7DUGH&RUDomR,QGRPiYHO
6(*6(;
K
1RYHOD
197
1RYHOD7DUGH$'RQD
6(*6$%
K
6pULH
651
6pULH1RLWH&KDYHV
6(*6$%
K
-RUQDOLVPR
6%7,
6%7%UDVLO
6(*6(;
K
1RYHOD
191
1RYHOD1RLWH&~PSOLFHVGHXP5HVJDWH
6(*6(;
K
1RYHOD
191
1RYHOD1RLWH&DUURVVHO
6(*6(;
K
$XGLWyULR
5$7+
3URJUDPDGR5DWLQKR
6(*6(;
K
$XGLWyULR
712,
7KH1RLWH
6(*6(;
K
-RUQDOLVPR
-6%7
-RUQDOGR6%7
6(*6(;
K
6KRZ
2.36
2ND\3HVVRDO
6(*'20
K
-RUQDOLVPR
-25
-RUQDOGR6%70DGUXJDGD
6(*'20
K
-RUQDOLVPR
-25
-RUQDOGR6%70DGUXJDGD5HSULVH
6(;
K
6pULH
76(
7HOH6HULDGRV,
6(;
K
6pULH
7/6
7HOH6HULDGRV,,
6(*
K
5HDOLW\6KRZ
04)0
0iTXLQDGD)DPD
7(5
K
)LOPH
&,1(
&LQH(VSHWDFXODU
48,
K
+XPRUtVWLFR
$3$&
$3UDoDp1RVVD
6(;
K
)LOPH
7(/$
7HODGH6XFHVVRV
6È%
K
,QIDQWLO
+9(
&KDYHV
6È%
K
,QIDQWLO
6$1,
6iEDGR$QLPDGR
6È%
K
,QIDQWLO
0',6
0XQGR'LVQH\
6È%
K
$XGLWyULR
5$8/
3URJUDPD5DXO*LO
6È%
K
5HDOLW\6KRZ
(645
(VTXDGUmRGD0RGD
6È%
K
5HDOLW\6KRZ
%$.(
%DNH2II%UDVLO0mRQD0DVVDDWp
6È%
K
5HDOLW\6KRZ
&2=3
+HOO
V.LWFKHQ&R]LQKD6RE3UHVVmRDSDUWLUGH
6È%
K
$XGLWyULR
6$%'
6DEDGmR
6È%
K
)LOPH
&%($
&LQH%HODV$UWHV
6È%
K
6pULH
7$4
$WDTXHGH5LVRV,/RYH/XF\
6È%
K
6pULH
7$4
$WDTXHGH5LVRV8PD)DPtOLD3HUGLGDQR0HLRGR1DGD
6È%
K
6pULH
7$4
$WDTXHGH5LVRV6XEXUJDWyULR
'20
K
5HSRUWDJHP
%&$0
%UDVLO&DPLQKRQHLUR
'20
K
'RFXPHQWiULR
785$
7XULVPR$YHQWXUD
'20
K
(VSRUWH
$&(5
$FHOHUDGRV
'20
K
,QIDQWLO
0','
0XQGR'LVQH\
'20
K
$XGLWyULR
'2/(
'RPLQJR/HJDO
'20
K
$XGLWyULR
3(/,
(OLDQD
'20
K
$XGLWyULR
366/
3URJUDPD6LOYLR6DQWRV
'20
K
5HSRUWDJHP
&5(3
&RQH[mR5HSyUWHU
'20
K
6pULH
6'2
6pULH'RPLQJR$UTXHLUR
'20
K
6pULH
6'2
6HULH'RPLQJR1LNLWD
'20
K
6pULH
6'2
6pULH'RPLQJR*ROGHQ%R\
1mRH[LEHHPPHUFDGR1(7&RQVXOWH3URJUDPDomR/RFDO
&RQVXOWHGLVSRQLELOLGDGHGHFRPHUFLDOL]DomR
-RUQDOGR6%7KHKQmRVHUmRH[LELGRVjVVH[WDVHViEDGRV
¬VTXDUWDVIHLUDVR3URJUDPDGR5DWLQKRVHUiH[LELGRGDVjV
7RGDFRPHUFLDOL]DomRUHIHUHQWHDRSURJUDPD%UDVLO&DPLQKRQHLURHRSHUDo}HVTXHHQYROYDPHVWHSURFHVVRGHYHUmRVHUWUDWDGRVGLUHWDPHQWHFRPR*UXSR&REUDPGHWHQWRUGRIRUPDWRDWUDYpVGRWHOHIRQH
&RPHUFLDOL]DomRGLVSRQtYHODSHQDVSDUDDSUDoD1(7
7RGDFRPHUFLDOL]DomRUHIHUHQWHDRVSURJUDPDV0XQGR'LVQH\HRSHUDo}HVTXHHQYROYDPHVWHSURFHVVRSDUDDVSUDoDV1(7H5HJLRQDLV6mR3DXOR-D~5LEHLUmR3UHWR6mR-RVpGRV&DPSRV5LRGH
$OHJUH%UDVtOLD%HOpPH6$7GHYHUmRVHUWUDWDGRVGLUHWDPHQWHFRPD'LVQH\PHGLDDWUDYpVGRWHOHIRQH
2EV
2VSURJUDPDV712,-6%72.36(6(0DSUHVHQWDPYDULDo}HVHPVHXVKRUiULRVSDUDDOJXQVGLDVGDVHPDQD&RQVXOWDUJUDGHGHGLVWULEXLomRVHPDQDO
$VRPD(VWDGRpSDUDHIHLWRGHSODQHMDPHQWRSRUWDQWRDVDXWRUL]Do}HVGHYHUmRSHUPDQHFHUFRPYDORUHVSUDoDDSUDoD
1257(
3UHoRVHPUHDLVYiOLGRVDSDUWLUGHGH2XWXEURGH &RPHUFLDLVGH 9UV,,
3RUWR9HOKR
',$
+25$
*Ç1(52
&Ï'
&DFRDO
$ULTXHPHV
-L3DUDQi
352*5$0$
7Y$OODPDQGD 7Y$OODPDQGD 7Y$OODPDQGD 7Y$OODPDQGD
52
52
52
6(*6(;
K
-RUQDOLVPR
-60$
-RUQDOGR6%70DQKm
6(*6(;
K
,QIDQWLO
&6$
&DUURVVHO$QLPDGR
6(*6(;
K
,QIDQWLO
0'66
0XQGR'LVQH\
6(*6(;
K
,QIDQWLO
%20'
%RP'LD&LD
6(*6È%
K
6pULH
6(7
6pULH7DUGH'XSODGR%DUXOKR
6(*6(;
K
$XGLWyULR
&6')
&DVRVGH)DPtOLD
6(*6(;
K
1RYHOD
197
1RYHOD7DUGH3pUROD1HJUD
6(*6(;
K
1RYHOD
197
1RYHOD7DUGH&RUDomR,QGRPiYHO
6(*6(;
K
1RYHOD
197
1RYHOD7DUGH$'RQD
6(*6$%
K
6pULH
651
6pULH1RLWH&KDYHV
6(*6$%
K
-RUQDOLVPR
6%7,
6%7%UDVLO
6(*6(;
K
1RYHOD
191
1RYHOD1RLWH&~PSOLFHVGHXP5HVJDWH
6(*6(;
K
1RYHOD
191
1RYHOD1RLWH&DUURVVHO
6(*6(;
K
$XGLWyULR
5$7+
3URJUDPDGR5DWLQKR
6(*6(;
K
$XGLWyULR
712,
7KH1RLWH
6(*6(;
K
-RUQDOLVPR
-6%7
-RUQDOGR6%7
6(*6(;
K
6KRZ
2.36
2ND\3HVVRDO
6(*'20
K
-RUQDOLVPR
-25
-RUQDOGR6%70DGUXJDGD
6(*'20
K
-RUQDOLVPR
-25
-RUQDOGR6%70DGUXJDGD5HSULVH
6(;
K
6pULH
76(
7HOH6HULDGRV,
6(;
K
6pULH
7/6
7HOH6HULDGRV,,
6(*
K
5HDOLW\6KRZ
04)0
0iTXLQDGD)DPD
7(5
K
)LOPH
&,1(
&LQH(VSHWDFXODU
48,
K
+XPRUtVWLFR
$3$&
$3UDoDp1RVVD
6(;
K
)LOPH
7(/$
7HODGH6XFHVVRV
6È%
K
,QIDQWLO
+9(
&KDYHV
6È%
K
,QIDQWLO
6$1,
6iEDGR$QLPDGR
6È%
K
,QIDQWLO
0',6
0XQGR'LVQH\
6È%
K
$XGLWyULR
5$8/
3URJUDPD5DXO*LO
6È%
K
5HDOLW\6KRZ
(645
(VTXDGUmRGD0RGD
6È%
K
5HDOLW\6KRZ
%$.(
%DNH2II%UDVLO0mRQD0DVVDDWp
6È%
K
5HDOLW\6KRZ
&2=3
+HOO
V.LWFKHQ&R]LQKD6RE3UHVVmRDSDUWLUGH
6È%
K
$XGLWyULR
6$%'
6DEDGmR
6È%
K
)LOPH
&%($
&LQH%HODV$UWHV
6È%
K
6pULH
7$4
$WDTXHGH5LVRV,/RYH/XF\
6È%
K
6pULH
7$4
$WDTXHGH5LVRV8PD)DPtOLD3HUGLGDQR0HLRGR1DGD
6È%
K
6pULH
7$4
$WDTXHGH5LVRV6XEXUJDWyULR
52
'20
K
5HSRUWDJHP
%&$0
%UDVLO&DPLQKRQHLUR
'20
K
'RFXPHQWiULR
785$
7XULVPR$YHQWXUD
'20
K
(VSRUWH
$&(5
$FHOHUDGRV
'20
K
,QIDQWLO
0','
0XQGR'LVQH\
'20
K
$XGLWyULR
'2/(
'RPLQJR/HJDO
'20
K
$XGLWyULR
3(/,
(OLDQD
'20
K
$XGLWyULR
366/
3URJUDPD6LOYLR6DQWRV
'20
K
5HSRUWDJHP
&5(3
&RQH[mR5HSyUWHU
'20
K
6pULH
6'2
6pULH'RPLQJR$UTXHLUR
'20
K
6pULH
6'2
6HULH'RPLQJR1LNLWD
'20
K
6pULH
6'2
6pULH'RPLQJR*ROGHQ%R\
1mRH[LEHHPPHUFDGR1(7&RQVXOWH3URJUDPDomR/RFDO
&RQVXOWHGLVSRQLELOLGDGHGHFRPHUFLDOL]DomR
-RUQDOGR6%7KHKQmRVHUmRH[LELGRVjVVH[WDVHViEDGRV
¬VTXDUWDVIHLUDVR3URJUDPDGR5DWLQKRVHUiH[LELGRGDVjV
7RGDFRPHUFLDOL]DomRUHIHUHQWHDRSURJUDPD%UDVLO&DPLQKRQHLURHRSHUDo}HVTXHHQYROYDPHVWHSURFHVVRGHYHUmRVHUWUDWDGRVGLUHWDPHQWHFRPR*UXSR&REUDPGHWHQWRUGRIRUPDWRDWUDYpVGRWHOHIRQH
&RPHUFLDOL]DomRGLVSRQtYHODSHQDVSDUDDSUDoD1(7
7RGDFRPHUFLDOL]DomRUHIHUHQWHDRVSURJUDPDV0XQGR'LVQH\HRSHUDo}HVTXHHQYROYDPHVWHSURFHVVRSDUDDVSUDoDV1(7H5HJLRQDLV6mR3DXOR-D~5LEHLUmR3UHWR6mR-RVpGRV&DPSRV5LRGH
$OHJUH%UDVtOLD%HOpPH6$7GHYHUmRVHUWUDWDGRVGLUHWDPHQWHFRPD'LVQH\PHGLDDWUDYpVGRWHOHIRQH
2EV
2VSURJUDPDV712,-6%72.36(6(0DSUHVHQWDPYDULDo}HVHPVHXVKRUiULRVSDUDDOJXQVGLDVGDVHPDQD&RQVXOWDUJUDGHGHGLVWULEXLomRVHPDQDO
$VRPD(VWDGRpSDUDHIHLWRGHSODQHMDPHQWRSRUWDQWRDVDXWRUL]Do}HVGHYHUmRSHUPDQHFHUFRPYDORUHVSUDoDDSUDoD
1257(
3UHoRVHPUHDLVYiOLGRVDSDUWLUGHGH2XWXEURGH &RPHUFLDLVGH 9UV,,
',$
+25$
*Ç1(52
&Ï'
9LOKHQD
-DUX
0DFDSi
7Y$OODPDQGD
5HGH79&LGDGH
7Y$PD]{QLD
352*5$0$
52
52
$3
-60$
-RUQDOGR6%70DQKm
,QIDQWLO
&6$
&DUURVVHO$QLPDGR
,QIDQWLO
0'66
0XQGR'LVQH\
K
,QIDQWLO
%20'
%RP'LD&LD
6(*6È%
K
6pULH
6(7
6pULH7DUGH'XSODGR%DUXOKR
6(*6(;
K
$XGLWyULR
&6')
&DVRVGH)DPtOLD
6(*6(;
K
1RYHOD
197
1RYHOD7DUGH3pUROD1HJUD
6(*6(;
K
1RYHOD
197
1RYHOD7DUGH&RUDomR,QGRPiYHO
6(*6(;
K
1RYHOD
197
1RYHOD7DUGH$'RQD
6(*6$%
K
6pULH
651
6pULH1RLWH&KDYHV
6(*6$%
K
-RUQDOLVPR
6%7,
6%7%UDVLO
6(*6(;
K
1RYHOD
191
1RYHOD1RLWH&~PSOLFHVGHXP5HVJDWH
6(*6(;
K
1RYHOD
191
1RYHOD1RLWH&DUURVVHO
6(*6(;
K
$XGLWyULR
5$7+
3URJUDPDGR5DWLQKR
6(*6(;
K
$XGLWyULR
712,
7KH1RLWH
6(*6(;
K
-RUQDOLVPR
-6%7
-RUQDOGR6%7
6(*6(;
K
6KRZ
2.36
2ND\3HVVRDO
6(*'20
K
-RUQDOLVPR
-25
-RUQDOGR6%70DGUXJDGD
6(*'20
K
-RUQDOLVPR
-25
-RUQDOGR6%70DGUXJDGD5HSULVH
6(;
K
6pULH
76(
7HOH6HULDGRV,
6(;
K
6pULH
7/6
7HOH6HULDGRV,,
6(*
K
5HDOLW\6KRZ
04)0
0iTXLQDGD)DPD
7(5
K
)LOPH
&,1(
&LQH(VSHWDFXODU
48,
K
+XPRUtVWLFR
$3$&
$3UDoDp1RVVD
6(;
K
)LOPH
7(/$
7HODGH6XFHVVRV
6È%
K
,QIDQWLO
+9(
&KDYHV
6È%
K
,QIDQWLO
6$1,
6iEDGR$QLPDGR
6È%
K
,QIDQWLO
0',6
0XQGR'LVQH\
6È%
K
$XGLWyULR
5$8/
3URJUDPD5DXO*LO
6È%
K
5HDOLW\6KRZ
(645
(VTXDGUmRGD0RGD
6È%
K
5HDOLW\6KRZ
%$.(
%DNH2II%UDVLO0mRQD0DVVDDWp
6È%
K
5HDOLW\6KRZ
&2=3
+HOO
V.LWFKHQ&R]LQKD6RE3UHVVmRDSDUWLUGH
6È%
K
$XGLWyULR
6$%'
6DEDGmR
6È%
K
)LOPH
&%($
&LQH%HODV$UWHV
6È%
K
6pULH
7$4
$WDTXHGH5LVRV,/RYH/XF\
6È%
K
6pULH
7$4
$WDTXHGH5LVRV8PD)DPtOLD3HUGLGDQR0HLRGR1DGD
6È%
K
6pULH
7$4
$WDTXHGH5LVRV6XEXUJDWyULR
6(*6(;
K
-RUQDOLVPR
6(*6(;
K
6(*6(;
K
6(*6(;
'20
K
5HSRUWDJHP
%&$0
%UDVLO&DPLQKRQHLUR
'20
K
'RFXPHQWiULR
785$
7XULVPR$YHQWXUD
'20
K
(VSRUWH
$&(5
$FHOHUDGRV
'20
K
,QIDQWLO
0','
0XQGR'LVQH\
'20
K
$XGLWyULR
'2/(
'RPLQJR/HJDO
'20
K
$XGLWyULR
3(/,
(OLDQD
'20
K
$XGLWyULR
366/
3URJUDPD6LOYLR6DQWRV
'20
K
5HSRUWDJHP
&5(3
&RQH[mR5HSyUWHU
'20
K
6pULH
6'2
6pULH'RPLQJR$UTXHLUR
'20
K
6pULH
6'2
6HULH'RPLQJR1LNLWD
'20
K
6pULH
6'2
6pULH'RPLQJR*ROGHQ%R\
1mRH[LEHHPPHUFDGR1(7&RQVXOWH3URJUDPDomR/RFDO
&RQVXOWHGLVSRQLELOLGDGHGHFRPHUFLDOL]DomR
-RUQDOGR6%7KHKQmRVHUmRH[LELGRVjVVH[WDVHViEDGRV
¬VTXDUWDVIHLUDVR3URJUDPDGR5DWLQKRVHUiH[LELGRGDVjV
7RGDFRPHUFLDOL]DomRUHIHUHQWHDRSURJUDPD%UDVLO&DPLQKRQHLURHRSHUDo}HVTXHHQYROYDPHVWHSURFHVVRGHYHUmRVHUWUDWDGRVGLUHWDPHQWHFRPR*UXSR&REUDPGHWHQWRUGRIRUPDWRDWUDYpVGRWHOHIRQH
&RPHUFLDOL]DomRGLVSRQtYHODSHQDVSDUDDSUDoD1(7
7RGDFRPHUFLDOL]DomRUHIHUHQWHDRVSURJUDPDV0XQGR'LVQH\HRSHUDo}HVTXHHQYROYDPHVWHSURFHVVRSDUDDVSUDoDV1(7H5HJLRQDLV6mR3DXOR-D~5LEHLUmR3UHWR6mR-RVpGRV&DPSRV5LRGH
$OHJUH%UDVtOLD%HOpPH6$7GHYHUmRVHUWUDWDGRVGLUHWDPHQWHFRPD'LVQH\PHGLDDWUDYpVGRWHOHIRQH
2EV
2VSURJUDPDV712,-6%72.36(6(0DSUHVHQWDPYDULDo}HVHPVHXVKRUiULRVSDUDDOJXQVGLDVGDVHPDQD&RQVXOWDUJUDGHGHGLVWULEXLomRVHPDQDO
$VRPD(VWDGRpSDUDHIHLWRGHSODQHMDPHQWRSRUWDQWRDVDXWRUL]Do}HVGHYHUmRSHUPDQHFHUFRPYDORUHVSUDoDDSUDoD
1257(
3UHoRVHPUHDLVYiOLGRVDSDUWLUGHGH2XWXEURGH &RPHUFLDLVGH 9UV,,
',$
+25$
*Ç1(52
&Ï'
7RFDQWLV
$UDJXDLQD
*XUXSL
(VWDGR
7Y$UDJXDLQD
7Y*XUXSL
72
352*5$0$
72(
72
6(*6(;
K
-RUQDOLVPR
-60$
-RUQDOGR6%70DQKm
6(*6(;
K
,QIDQWLO
&6$
&DUURVVHO$QLPDGR
6(*6(;
K
,QIDQWLO
0'66
0XQGR'LVQH\
6(*6(;
K
,QIDQWLO
%20'
%RP'LD&LD
6(*6È%
K
6pULH
6(7
6pULH7DUGH'XSODGR%DUXOKR
6(*6(;
K
$XGLWyULR
&6')
&DVRVGH)DPtOLD
6(*6(;
K
1RYHOD
197
1RYHOD7DUGH3pUROD1HJUD
6(*6(;
K
1RYHOD
197
1RYHOD7DUGH&RUDomR,QGRPiYHO
6(*6(;
K
1RYHOD
197
1RYHOD7DUGH$'RQD
6(*6$%
K
6pULH
651
6pULH1RLWH&KDYHV
6(*6$%
K
-RUQDOLVPR
6%7,
6%7%UDVLO
6(*6(;
K
1RYHOD
191
1RYHOD1RLWH&~PSOLFHVGHXP5HVJDWH
6(*6(;
K
1RYHOD
191
1RYHOD1RLWH&DUURVVHO
6(*6(;
K
$XGLWyULR
5$7+
3URJUDPDGR5DWLQKR
6(*6(;
K
$XGLWyULR
712,
7KH1RLWH
6(*6(;
K
-RUQDOLVPR
-6%7
-RUQDOGR6%7
6(*6(;
K
6KRZ
2.36
2ND\3HVVRDO
6(*'20
K
-RUQDOLVPR
-25
-RUQDOGR6%70DGUXJDGD
6(*'20
K
-RUQDOLVPR
-25
-RUQDOGR6%70DGUXJDGD5HSULVH
6(;
K
6pULH
76(
7HOH6HULDGRV,
6(;
K
6pULH
7/6
7HOH6HULDGRV,,
6(*
K
5HDOLW\6KRZ
04)0
0iTXLQDGD)DPD
7(5
K
)LOPH
&,1(
&LQH(VSHWDFXODU
48,
K
+XPRUtVWLFR
$3$&
$3UDoDp1RVVD
6(;
K
)LOPH
7(/$
7HODGH6XFHVVRV
6È%
K
,QIDQWLO
+9(
&KDYHV
6È%
K
,QIDQWLO
6$1,
6iEDGR$QLPDGR
6È%
K
,QIDQWLO
0',6
0XQGR'LVQH\
6È%
K
$XGLWyULR
5$8/
3URJUDPD5DXO*LO
6È%
K
5HDOLW\6KRZ
(645
(VTXDGUmRGD0RGD
6È%
K
5HDOLW\6KRZ
%$.(
%DNH2II%UDVLO0mRQD0DVVDDWp
6È%
K
5HDOLW\6KRZ
&2=3
+HOO
V.LWFKHQ&R]LQKD6RE3UHVVmRDSDUWLUGH
6È%
K
$XGLWyULR
6$%'
6DEDGmR
6È%
K
)LOPH
&%($
&LQH%HODV$UWHV
6È%
K
6pULH
7$4
$WDTXHGH5LVRV,/RYH/XF\
6È%
K
6pULH
7$4
$WDTXHGH5LVRV8PD)DPtOLD3HUGLGDQR0HLRGR1DGD
6È%
K
6pULH
7$4
$WDTXHGH5LVRV6XEXUJDWyULR
'20
K
5HSRUWDJHP
%&$0
%UDVLO&DPLQKRQHLUR
'20
K
'RFXPHQWiULR
785$
7XULVPR$YHQWXUD
'20
K
(VSRUWH
$&(5
$FHOHUDGRV
'20
K
,QIDQWLO
0','
0XQGR'LVQH\
'20
K
$XGLWyULR
'2/(
'RPLQJR/HJDO
'20
K
$XGLWyULR
3(/,
'20
K
$XGLWyULR
'20
K
'20
'20
'20
(OLDQD
366/
3URJUDPD6LOYLR6DQWRV
5HSRUWDJHP
&5(3
&RQH[mR5HSyUWHU
K
6pULH
6'2
6pULH'RPLQJR$UTXHLUR
K
6pULH
6'2
6HULH'RPLQJR1LNLWD
K
6pULH
6'2
6pULH'RPLQJR*ROGHQ%R\
1mRH[LEHHPPHUFDGR1(7&RQVXOWH3URJUDPDomR/RFDO
&RQVXOWHGLVSRQLELOLGDGHGHFRPHUFLDOL]DomR
-RUQDOGR6%7KHKQmRVHUmRH[LELGRVjVVH[WDVHViEDGRV
¬VTXDUWDVIHLUDVR3URJUDPDGR5DWLQKRVHUiH[LELGRGDVjV
7RGDFRPHUFLDOL]DomRUHIHUHQWHDRSURJUDPD%UDVLO&DPLQKRQHLURHRSHUDo}HVTXHHQYROYDPHVWHSURFHVVRGHYHUmRVHUWUDWDGRVGLUHWDPHQWHFRPR*UXSR&REUDPGHWHQWRUGRIRUPDWRDWUDYpVGRWHOHIRQH
&RPHUFLDOL]DomRGLVSRQtYHODSHQDVSDUDDSUDoD1(7
7RGDFRPHUFLDOL]DomRUHIHUHQWHDRVSURJUDPDV0XQGR'LVQH\HRSHUDo}HVTXHHQYROYDPHVWHSURFHVVRSDUDDVSUDoDV1(7H5HJLRQDLV6mR3DXOR-D~5LEHLUmR3UHWR6mR-RVpGRV&DPSRV5LRGH
$OHJUH%UDVtOLD%HOpPH6$7GHYHUmRVHUWUDWDGRVGLUHWDPHQWHFRPD'LVQH\PHGLDDWUDYpVGRWHOHIRQH
2EV
2VSURJUDPDV712,-6%72.36(6(0DSUHVHQWDPYDULDo}HVHPVHXVKRUiULRVSDUDDOJXQVGLDVGDVHPDQD&RQVXOWDUJUDGHGHGLVWULEXLomRVHPDQDO
$VRPD(VWDGRpSDUDHIHLWRGHSODQHMDPHQWRSRUWDQWRDVDXWRUL]Do}HVGHYHUmRSHUPDQHFHUFRPYDORUHVSUDoDDSUDoD
1257(
3UHoRVHPUHDLVYiOLGRVDSDUWLUGHGH2XWXEURGH &RPHUFLDLVGH 9UV,,
',$
+25$
*Ç1(52
&Ï'
3DOPDV
3RUWR1DFLRQDO
%RD9LVWD
7Y6HUUDGR&DUPR
7Y3RUWR
7Y7URSLFDO
55
352*5$0$
72
72
6(*6(;
K
-RUQDOLVPR
-60$
-RUQDOGR6%70DQKm
6(*6(;
K
,QIDQWLO
&6$
&DUURVVHO$QLPDGR
6(*6(;
K
,QIDQWLO
0'66
0XQGR'LVQH\
6(*6(;
K
,QIDQWLO
%20'
%RP'LD&LD
6(*6È%
K
6pULH
6(7
6pULH7DUGH'XSODGR%DUXOKR
6(*6(;
K
$XGLWyULR
&6')
&DVRVGH)DPtOLD
6(*6(;
K
1RYHOD
197
1RYHOD7DUGH3pUROD1HJUD
6(*6(;
K
1RYHOD
197
1RYHOD7DUGH&RUDomR,QGRPiYHO
6(*6(;
K
1RYHOD
197
1RYHOD7DUGH$'RQD
6(*6$%
K
6pULH
651
6pULH1RLWH&KDYHV
6(*6$%
K
-RUQDOLVPR
6%7,
6%7%UDVLO
6(*6(;
K
1RYHOD
191
1RYHOD1RLWH&~PSOLFHVGHXP5HVJDWH
6(*6(;
K
1RYHOD
191
1RYHOD1RLWH&DUURVVHO
6(*6(;
K
$XGLWyULR
5$7+
3URJUDPDGR5DWLQKR
6(*6(;
K
$XGLWyULR
712,
7KH1RLWH
6(*6(;
K
-RUQDOLVPR
-6%7
-RUQDOGR6%7
6(*6(;
K
6KRZ
2.36
2ND\3HVVRDO
6(*'20
K
-RUQDOLVPR
-25
-RUQDOGR6%70DGUXJDGD
6(*'20
K
-RUQDOLVPR
-25
-RUQDOGR6%70DGUXJDGD5HSULVH
6(;
K
6pULH
76(
7HOH6HULDGRV,
6(;
K
6pULH
7/6
7HOH6HULDGRV,,
6(*
K
5HDOLW\6KRZ
04)0
0iTXLQDGD)DPD
7(5
K
)LOPH
&,1(
&LQH(VSHWDFXODU
48,
K
+XPRUtVWLFR
$3$&
$3UDoDp1RVVD
6(;
K
)LOPH
7(/$
7HODGH6XFHVVRV
6È%
K
,QIDQWLO
+9(
&KDYHV
6È%
K
,QIDQWLO
6$1,
6iEDGR$QLPDGR
6È%
K
,QIDQWLO
0',6
0XQGR'LVQH\
6È%
K
$XGLWyULR
5$8/
3URJUDPD5DXO*LO
6È%
K
5HDOLW\6KRZ
(645
(VTXDGUmRGD0RGD
6È%
K
5HDOLW\6KRZ
%$.(
%DNH2II%UDVLO0mRQD0DVVDDWp
6È%
K
5HDOLW\6KRZ
&2=3
+HOO
V.LWFKHQ&R]LQKD6RE3UHVVmRDSDUWLUGH
6È%
K
$XGLWyULR
6$%'
6DEDGmR
6È%
K
)LOPH
&%($
&LQH%HODV$UWHV
6È%
K
6pULH
7$4
$WDTXHGH5LVRV,/RYH/XF\
6È%
K
6pULH
7$4
$WDTXHGH5LVRV8PD)DPtOLD3HUGLGDQR0HLRGR1DGD
6È%
K
6pULH
7$4
$WDTXHGH5LVRV6XEXUJDWyULR
'20
K
5HSRUWDJHP
%&$0
%UDVLO&DPLQKRQHLUR
'20
K
'RFXPHQWiULR
785$
7XULVPR$YHQWXUD
'20
K
(VSRUWH
$&(5
$FHOHUDGRV
'20
K
,QIDQWLO
0','
0XQGR'LVQH\
'20
K
$XGLWyULR
'2/(
'RPLQJR/HJDO
'20
K
$XGLWyULR
3(/,
(OLDQD
'20
K
$XGLWyULR
366/
3URJUDPD6LOYLR6DQWRV
'20
K
5HSRUWDJHP
&5(3
&RQH[mR5HSyUWHU
'20
K
6pULH
6'2
6pULH'RPLQJR$UTXHLUR
'20
K
6pULH
6'2
6HULH'RPLQJR1LNLWD
'20
K
6pULH
6'2
6pULH'RPLQJR*ROGHQ%R\
1mRH[LEHHPPHUFDGR1(7&RQVXOWH3URJUDPDomR/RFDO
&RQVXOWHGLVSRQLELOLGDGHGHFRPHUFLDOL]DomR
-RUQDOGR6%7KHKQmRVHUmRH[LELGRVjVVH[WDVHViEDGRV
¬VTXDUWDVIHLUDVR3URJUDPDGR5DWLQKRVHUiH[LELGRGDVjV
7RGDFRPHUFLDOL]DomRUHIHUHQWHDRSURJUDPD%UDVLO&DPLQKRQHLURHRSHUDo}HVTXHHQYROYDPHVWHSURFHVVRGHYHUmRVHUWUDWDGRVGLUHWDPHQWHFRPR*UXSR&REUDPGHWHQWRUGRIRUPDWRDWUDYpVGRWHOHIRQH
&RPHUFLDOL]DomRGLVSRQtYHODSHQDVSDUDDSUDoD1(7
7RGDFRPHUFLDOL]DomRUHIHUHQWHDRVSURJUDPDV0XQGR'LVQH\HRSHUDo}HVTXHHQYROYDPHVWHSURFHVVRSDUDDVSUDoDV1(7H5HJLRQDLV6mR3DXOR-D~5LEHLUmR3UHWR6mR-RVpGRV&DPSRV5LRGH
$OHJUH%UDVtOLD%HOpPH6$7GHYHUmRVHUWUDWDGRVGLUHWDPHQWHFRPD'LVQH\PHGLDDWUDYpVGRWHOHIRQH
2EV
2VSURJUDPDV712,-6%72.36(6(0DSUHVHQWDPYDULDo}HVHPVHXVKRUiULRVSDUDDOJXQVGLDVGDVHPDQD&RQVXOWDUJUDGHGHGLVWULEXLomRVHPDQDO
$VRPD(VWDGRpSDUDHIHLWRGHSODQHMDPHQWRSRUWDQWRDVDXWRUL]Do}HVGHYHUmRSHUPDQHFHUFRPYDORUHVSUDoDDSUDoD
)250$726&20(5&,$,6
sĄůŝĚŽƐĂƉĂƌƚŝƌĚĞϬϭĚĞKƵƚƵďƌŽĚĞϮϬϭϱͲ sƌƐ͘//
)250$72
'85$d­2
'(6&5,d­2
352325d­262%5(
2%-(7,92
235(d2'(
FRQIRUPH
GLVSRQLELOLGDGH6RPHQWH1(7
&RPHUFLDLV$YXOVRV
jViEGDVjVKH'RP
GDVKjVK 'HPDLVKRUiULRV ,QVHUomRSXEOLFLWiULDGHQWURGREUHDN
FRPHUFLDO
6RPHQWH1(7
9LQKHWD&DUDFWHUL]DGD
FDGD
9tGHRÈXGLRTXHLGHQWLILFDR
SDWURFLQDGRUQRLQtFLRQRILQDORXQR
LQWHUYDORFRPHUFLDOGRSURJUDPD
([SRVLomRGDPDUFDDWUDYpVGH
IUHTXrQFLDDVVRFLDomRGD
FDGD
PDUFDDRVDWULEXWRVGRSURJUDPD
9LQKHWDGH$EHUWXUDH
(QFHUUDPHQWR
FDGD
9tGHRÈXGLRTXHLGHQWLILFDR
SDWURFLQDGRUQRLQtFLRHQRILQDOGR
SURJUDPD
([SRVLomRGDPDUFDDWUDYpVGH
IUHTXrQFLDDVVRFLDomRGD
FDGD
PDUFDDRVDWULEXWRVGRSURJUDPD
9LQKHWDGH3DVVDJHP
FDGD
9tGHRÈXGLRTXHLGHQWLILFDR
SDWURFLQDGRUQRLQWHUYDORFRPHUFLDO
GRSURJUDPD
([SRVLomRGDPDUFDDWUDYpVGH
IUHTXrQFLDDVVRFLDomRGD
FDGD
PDUFDDRVDWULEXWRVGRSURJUDPD
WRWDO
,GHQWLILFDomRGRSDWURFLQDGRUGR
SURJUDPDHYHQWRTXHHVWiVHQGR
GLYXOJDGR
,QVHUWGH9tGHR
6RPHQWH9tGHRORJRPDUFD
GXUDQWHDH[LELomRGRSURJUDPD
([SRVLomRGDPDUFD
,QVHUWGH9tGHR$QLPDGR
9tGHRORJRPDUFDDQLPDGR
GXUDQWHDH[LELomRGRSURJUDPD
([SRVLomRGDPDUFD
723VHPFRPHUFLDO
([SRVLomRGDPDUFDGHIRUPDGLIHUHQFLDGD
RXH[SRVLomRGDOLQKDFRPFLQFR
GLIHUHQWHVSURGXWRV
&RQWDJHPUHJUHVVLYDTXHDQWHFHGH
RSURJUDPD6mRFLQFR
DOJDULVPRVDOWHUQDGRVFRPLPDJHQV
GR9tGHRGRSDWURFLQDGRU
ILQDOL]DQGRFRP9tGHR&RPHUFLDO
([SRVLomRGDPDUFDGHIRUPDGLIHUHQFLDGD
RXH[SRVLomRGDOLQKDFRPFLQFR
GLIHUHQWHVSURGXWRV
,QVHUomRGRORJRWLSRGRDQXQFLDQWH
QRODGRHVTXHUGRGDWHOD
DFRPSDQKDGRGHiXGLRDQXQFLDQGR
RILOPHTXHVHUiH[LELGRDVHJXLU
&ULDUVLQHUJLDHQWUHRSDWURFLQDGRUH
SURJUDPDLQFHQWLYDQGRRWHOHVSHFWDGRUD
FRQVXPLURSURGXWRDQXQFLDGRDQWHVGR
LQtFLRGRSURJUDPD
&KDPDGDV&DUDFWHUL]DGDV
723FRPFRPHUFLDO
%XPSHU
3DWURFtQLR
([SRVLomRGDPDUFDDWUDYpV
GHIUHTXrQFLDFREHUWXUDGH
SUHoRURWDWLYR
S~EOLFR
&RQWDJHPUHJUHVVLYDTXHDQWHFHGH
RSURJUDPD6mRFLQFR
DOJDULVPRVDOWHUQDGRVFRPLPDJHQV
GR9tGHRGRSDWURFLQDGRU
ILQDOL]DQGRFRP9tGHRHÈXGLR
&RPSRVLomRGHYLQKHWDGHDEHUWXUD
HHQFHUUDPHQWRFRPHUFLDO
([SRVLomRGDPDUFDDWUDYpVGH
IUHTXrQFLDDVVRFLDomRGDPDUFD
DRVDWULEXWRVGRSURJUDPD
2VIRUPDWRVDFLPDVRPHQWHSRGHUmRVHUFRPHUFLDOL]DGRVDSyVFRQVXOWDSUpYLDjSURJUDPDomR
0(5&+$1',6,1*
WƌĞĕŽƐĞŵƌĞĂŝƐ͕ǀĄůŝĚŽƐĂƉĂƌƚŝƌĚĞϬϭĚĞKƵƚƵďƌŽĚĞϮϬϭϱͲ sƌƐ͘//
*Ç1(52
352*5$0$
)250$726
&Ï',*2
',$(+25È5,2
&,7$d­2&
9,68$/,=$d­2
7(67(081+$/
$7e
$35(6(17$'25
&$&+Ç
9,68$/,=$d­2
0$186(,2'2352'872
$d­2
,17(*5$'$
&KULVWLQD5RFKD
&DFKrjSDUWHHVRE
FRQVXOWD
5
6RE&RQVXOWD
&DUORV0DVVD
,QFOXVR
5
5
&DFKrjSDUWHHVRE
FRQVXOWD
5
5DXO*LO
,QFOXVR
5
5
&HOVR3RUWLROOL
,QFOXVR
5
5
5
5
(OLDQD
,QFOXVR
6RE&RQVXOWD
5
5
&HOVR3RUWLROOL
&DFKrjSDUWHHVRE
FRQVXOWD
5
5
6RE&RQVXOWD
&DFKrjSDUWHHVRE
FRQVXOWD
5
$XGLWyULR
&6')
6HJXQGDD6H[WD
K
5$7+
6HJXQGDD6H[WD
K
'DQLOR*HQWLOL
712,
0XULOR&RXWR
6HJXQGDD6H[WD
K
/pR/LQV
-XOLDQDGH2OLYHLUD
'LJXLQKR&RUXMD
5$8/
6iEDGR
K
'2/(
'RPLQJR
K
3(/,
'RPLQJR
K
6$%'
6iEDGRV
K
1RYHODV
191
6HJXQGDD6H[WD
K
)RUPDWR1mR'LVSRQtYHO
7RGRVRVSURJUDPDVGHYHUmRVHUSUHYLDPHQWHFRQVXOWDGRV
2EV
&XVWRGHSURGXomRVHUiRUoDGRHFREUDGRjSDUWH
3DUDPXOWLSOLFLGDGHGHPDUFDVQDVDo}HVGH0HUFKDQGLVLQJKDYHUiRDFUpVFLPRGHVREUHRYDORUGDDomR
3DUDRXWURVIRUPDWRVGHPHUFKDQGLVLQJHYDORUHVFRPR$omR(VSHFLDO3XEOLFLGDGH9LUWXDO&ROG2SHQH9LQKHWDFRP9LVXDOL]DomRGD0DUFDFRQVXOWH$WHQGLPHQWR&RPHUFLDO
2)RUPDWR&RPHUFLDO*UDYDGRWHUiFRPREDVHSDUDYDORUDomRRFXVWRGHGRSURJUDPD
7RGRVRVFOLHQWHVGHYHPVHUSUHYLDPHQWHFRQVXOWDGRV
2VIRUPDWRVGH0HUFKDQGLVLQJWDPEpPSRGHPVHUFRPHUFLDOL]DGRVFRPUHDSOLFDomRSDUDR'LJLWDO)DYRUFRQVXOWDUSiJLQD
0(5&+$1',6,1*
WƌĞĕŽƐĞŵƌĞĂŝƐ͕ǀĄůŝĚŽƐĂƉĂƌƚŝƌĚĞϬϭĚĞKƵƚƵďƌŽĚĞϮϬϭϱͲ sƌƐ͘//
*Ç1(52
)250$726
&Ï',*2
352*5$0$
&,7$d­2&
9,68$/,=$d­2
7(67(081+$/
$7e
$35(6(17$'25
&$&+Ç
9,68$/,=$d­2
0$186(,2'2352'872
3DWUtFLD$EUDYDQHO
&DFKrjSDUWHHVRE
FRQVXOWD
6RE&RQVXOWD
6RE&RQVXOWD
5
5
5
5
&DFKrjSDUWHHVRE
FRQVXOWD
6RE&RQVXOWD
5
&DUORV%HUWROD]]L
&DFKrjSDUWHHVRE
FRQVXOWD
6RE&RQVXOWD
5
4XLQWD
K
&DUORV$OEHUWRGH
1yEUHJD
,QFOXVR
5
5
5
$&(5
5XEHQV%DUULFKHOOR
&DFKrjSDUWHHVRE
FRQVXOWD
6RE&RQVXOWD
5
5
&DFKrjSDUWHHVRE
FRQVXOWD
5
5
&DFKrjSDUWHHVRE
FRQVXOWD
5
5
5
5
',$(+25È5,2
$d­2
,17(*5$'$
5HDOLW\6KRZ
04)0
6HJXQGD
K
(645
,VDEHOOD)LRUHQWLQRH
$UOLQGR*UXQG
6iEDGR
K
&DFKrjSDUWHHVRE
FRQVXOWD
9DQHVVD5R]DQRX
5RGULJR&LQWUD
%$.(
7LFLDQD9LOODV%RDV
6iEDGR
K
&DURO)LRUHQWLQRH
)DEUL]LR)DVDQR
&2=3
6iEDGRV
K
(VWUHLD
+XPRUtVWLFR
$3$&
(VSRUWH
'RPLQJR
K
&DVVLR&RUWHV
*HUVRQ&DPSRV
'RFXPHQWiULR
785$
'RPLQJR
K
6DQGUD*DUFLD
&DUROLQH6WHLJ
5LFDUGR&DUYDOKHLUR
6KRZ
2WiYLR0HVTXLWD
2.36
6HJXQGDD6H[WD
K
$OH[DQGUH7DOHE&DUOD
&HFDUHOOR-XQLRU
1DQQHWL7DWL3LOmRH
9DQHVVD+DGL
)RUPDWR1mR'LVSRQtYHO
7RGRVRVSURJUDPDVGHYHUmRVHUSUHYLDPHQWHFRQVXOWDGRV
2EV
&XVWRGHSURGXomRVHUiRUoDGRHFREUDGRjSDUWH
3DUDPXOWLSOLFLGDGHGHPDUFDVQDVDo}HVGH0HUFKDQGLVLQJKDYHUiRDFUpVFLPRGHVREUHRYDORUGDDomR
3DUDRXWURVIRUPDWRVGHPHUFKDQGLVLQJHYDORUHVFRPR$omR(VSHFLDO3XEOLFLGDGH9LUWXDO&ROG2SHQH9LQKHWDFRP9LVXDOL]DomRGD0DUFDFRQVXOWH$WHQGLPHQWR&RPHUFLDO
2)RUPDWR&RPHUFLDO*UDYDGRWHUiFRPREDVHSDUDYDORUDomRRFXVWRGHGRSURJUDPD
7RGRVRVFOLHQWHVGHYHPVHUSUHYLDPHQWHFRQVXOWDGRV
2VIRUPDWRVGH0HUFKDQGLVLQJWDPEpPSRGHPVHUFRPHUFLDOL]DGRVFRPUHDSOLFDomRSDUDR'LJLWDO)DYRUFRQVXOWDUSiJLQD
3DUDRXWURVIRUPDWRVQR%DNH2II%UDVLOSRUIDYRUFRQVXOWDUDHTXLSHGHFULDomRHGHVHQYROYLPHQWRGH0HUFKDQGLVLQJ
)250$726&20(5&,$,6 0(5&+$1',6,1*
sĄůŝĚŽƐĂƉĂƌƚŝƌĚĞϬϭĚĞKƵƚƵďƌŽĚĞϮϬϭϱͲ sƌƐ͘//
)250$72
'85$d­2
&219(56­2
'(6&5,d­2
9LVXDOL]DomR0DQXVHLRGR3URGXWR
&RQFHLWXDO
[
$omRGHPHUFKDQGLVLQJFRPYLVXDOL]DomRGHSURGXWRPDUFDLQVHULGR
QRFHQiULRGRSURJUDPDPDWpULDVHTXDGURVGHIRUPDKDUPRQLRVDH
LQWHJUDGDDRHGLWRULDORXVHQGRPDQXVHDGRSHORDSUHVHQWDGRUVHP
FLWDomRGDPDUFDHVHXVEHQHItFLRV
&LWDomR&RP9LVXDOL]DomR
$WpFDGD
[
$omRGHPHUFKDQGLVLQJFRPFLWDomRGRDSUHVHQWDGRUGXUDQWHR
SURJUDPDHTXDGURVGHIRUPDKDUPRQLRVDHLQWHJUDGDDRFRQWH~GR
FRPYLVXDOL]DomRRXPDQXVHLRGHSURGXWR
7HVWHPXQKDO
[
$omRGHPHUFKDQGLVLQJFRPWH[WRURWHLURSURGX]LGRSHODDJrQFLDHFRP
SRVVtYHLVDGDSWDo}HVSHODHPLVVRUDjOLQJXDJHPGRSURJUDPDHHOHQFR
HQYROYLGRQDDomR
([LELGRQRFHQiULRGRSURJUDPDRXQXPVHWHVSHFtILFRSDUDRPHUFKDQGLVLQJ
'XUDQWHRWHVWHPXQKDOSRGHKDYHUH[LELomRGHSURGXWRHRXPDUFDHPYtGHR
QRWHOmRPRQLWRUGRFHQiULRRXH[SRVLomRGRSURGXWRHPEDQFDGDGLVSOD\RX
HP97FRPHUFLDOSURGX]LGRHHGLWDGRSHORFOLHQWH
$omR,QWHJUDGD
&RQFHLWXDO
[
$omRGHPHUFKDQGLVLQJLQVHULGDQRSURJUDPDQRYHODGHIRUPD
FRQWH[WXDOL]DGDHLQWHJUDGDDRFRQWH~GRMiH[LVWHQWH$SDUWLUGR
EULHILQJHQYLDGRSHORFOLHQWHHDGDSWDGRDRVPROGHVGR
SURJUDPDTXDGURFHQDV
$omR(VSHFLDO
&RQFHLWXDO
6RE&RQVXOWD
$omRGHPHUFKDQGLVLQJGHVHQYROYLGDH[FOXVLYDPHQWHSDUDR
FOLHQWHDWUDYpVGREULHILQJHQYLDGRSHODDJrQFLD
&RPHUFLDO*UDYDGR
RXFDGD
[
RX
$omRSURWDJRQL]DGDSHORVQRVVRVDUWLVWDVHH[LELGDGXUDQWH
RVLQWHUYDORVFRPHUFLDLV
[
3XEOLFLGDGH9LUWXDO
[
)RUPDWRFULDGRDWUDYpVGHFRPSXWDomRJUiILFD'RQGHp
SRVVtYHOLQVHULUPDUFDSURGXWRQRFHQiULR
&ROG2SHQ
$Wp
[
7HDVHUTXHDQWHFHGHDYLQKHWDGHDEHUWXUDGRSURJUDPD
DSUHVHQWDQGRVLWXDo}HVQDWXUDLVGLYHUWLGDVHLQRYDGRUDVHQYROYHQGR
DPDUFDSURGXWRFRPRDSUHVHQWDGRURXHOHQFRGR
SURJUDPD
9LQKHWDGH3DWURFtQLRGH4XDGUR
[
9LQKHWDGDPDUFDSURGXWRFRODGDQDYLQKHWDGHDEHUWXUDGRTXDGUR
(VWDYLQKHWDpGHUHVSRQVDELOLGDGHGDDJrQFLDFOLHQWH
9LQKHWDFRP(OHQFR
$Wp
[
9LQKHWDJUDYDGDFRP(OHQFRFRPGXUDomRGHDWp
9LQKHWD$QLPDGD
[
9LQKHWDSURGX]LGDSHODFULDomRYLVXDOGR6%7GHQWURGDOLQJXDJHP
JUiILFDGHFDGDSURJUDPD
5RGDSp$QLPDGR
[
$UWHJUiILFDFULDGDSHOR6%7HVSHFLILFDPHQWHSDUDR
SURGXWRPDUFDHLQVHULGRQDSDUWHLQIHULRUGDWHOD
2EV
&REHUWXUDGH(YHQWRVHVWiGLVSRQtYHODSHQDVSDUDRSURJUDPD2ND\3HVVRDO
$FRQYHUVmRGHYDORUHVSRGHYDULDUHPDOJXQVSURJUDPDV
&DFKrVHFXVWRVGHSURGXomRVREFRQVXOWD
6RE&RQVXOWD
,1)250$d®(6*(5$,6
sĄůŝĚĂƐĂƉĂƌƚŝƌĚĞϬϭĚĞKƵƚƵďƌŽĚĞϮϬϭϱͲ sƌƐ͘//
5(*5$6*(5$,6'()$785$0(172
&5('(1&,$0(172'($181&,$17(6($*Ç1&,$6
2 &RQVHOKR 1DFLRQDO GH $XWR5HJXODPHQWDomR 3XEOLFLWiULD p XPD HQWLGDGH TXH ]HOD SHOD FUHGLELOLGDGH GDV PHQVDJHQV SXEOLFLWiULDV ID]HQGR FXPSULU DV QRUPDV
pWLFDV FRQWLGDV QR &yGLJR %UDVLOHLUR GH $XWR5HJXODPHQWDomR 3XEOLFLWiULD 2 6%7 VH LQWHJUD j HVWD HQWLGDGH FRPR IRUPD GH SURWHJHU D PHOKRU SXEOLFLGDGH %UDVLOHLUD
$OpP GLVWR R 6%7 D VHX H[FOXVLYR FULWpULR H LQGHSHQGHQWHPHQWH GH GHFLVmR GR &21$5 SRGHUi VH UHFXVDU D YHLFXODU DQ~QFLRV TXH ILUDP RV SULQFtSLRV H YDORUHV
pWLFRVVRFLDLVGHOHDOGDGHGHFRQFRUUrQFLDRXTXHFRQWUDULHPVXDOLQKDHGLWRULDOMRUQDOtVWLFDRXGHSURJUDPDomR
&yGLJRGH3URWHomRH'HIHVDGR&RQVXPLGRU
3HOD GHWHUPLQDomR GR &yGLJR GH 3URWHomR H 'HIHVD GR &RQVXPLGRU R PDWHULDO D VHU H[LELGR GHYHUi LGHQWLILFDU R DQXQFLDQWH UHVSRQViYHO SHOD PHQVDJHP SXEOLFLWiULD
GH WDO IRUPD TXH R FRQVXPLGRU IiFLO H LPHGLDWDPHQWH D LGHQWLILTXH FRPR WDO 3HOR &yGLJR GH 3URWHomR H 'HIHVD GR &RQVXPLGRU XP FRPHUFLDO SRGH VHU VXVSHQVR
FDVRVHMDMXOJDGRHQJDQRVRRXDEXVLYR
2EV(PDPERVRVFDVRVDYHLFXODomRVXVSHQVDVHUiIDWXUDGDQRUPDOPHQWHVHPFUpGLWRFDVRRDQXQFLDQWHQmRVXEVWLWXDRFRPHUFLDO
&(13
2 6%7 UHPXQHUD DV DJrQFLDV GH SXEOLFLGDGH FHUWLILFDGDV SHOR &(13 &RQVHOKR ([HFXWLYR GDV 1RUPDV3DGUmR H HP VLWXDomR UHJXODU SHUDQWH D HQWLGDGH HP
FRQIRUPLGDGH FRP R GLVSRVWR QDV 1RUPDV3DGUmR GD DWLYLGDGH 3XEOLFLWiULD LQVWLWXFLRQDOL]DGDV SHOR GHFUHWR Qž QD /HL Qž H QR 'HFUHWR Qž $V DJrQFLDV GH SXEOLFLGDGH QmR FHUWLILFDGDV SHOR &(13 RX TXH WHQKDP RV HIHLWRV GR VHX FHUWLILFDGR VXVSHQVR SHOR &(13 VHUmR UHPXQHUDGDV QD IRUPD SUHYLVWD QD
&RPXQLFDomR1RUPDWLYDQžGHGLVSRQtYHOQRZHEVLWHZZZFHQSFRPEU
&203520,662(5(63(,72&20$48$/,'$'('$&2081,&$d­2&20(5&,$/
3UHoRVH9HQGDVj3UHVWDomR
3DUD RV FRPHUFLDLV TXH GLYXOJXHP SUHoRV j SUHVWDomR p REULJDWyULD D LQGLFDomR GR SUHoR j YLVWD Q~PHUR H YDORU GDV SUHVWDo}HV YDORU WRWDO D VHU SDJR WD[D PHQVDO
GHMXURVHGHPDLVHQFDUJRVILQDQFHLURVDVHUHPSDJRVSHORFRQVXPLGRU$576H'$/(,48('(8129$5('$d­2$2$57'$/(,
3UHoRVHP0RHGD(VWUDQJHLUD
&RP R REMHWLYR GH LQIRUPDU GH IRUPD HVFODUHFHGRUD R FRQVXPLGRU UHFRPHQGDVH TXH RV SUHoRV GH SURGXWRV H VHUYLoRV DQXQFLDGRV VHMDP H[SOLFLWDGRV HP PRHGD
FRUUHQWHQDFLRQDO$576(6(83$5$*5È)2'2&Ï',*2'(3527(d­2('()(6$'2&21680,'25/(,)('(5$/
0HQRUHVGH,GDGH
$ SDUWLFLSDomR GH PHQRUHV HP FRPHUFLDLV GHYH REVHUYDU D OHJLVODomR HVSHFtILFD 2 UHVSRQViYHO SHOD SURGXomR GHYHUi REWHU DXWRUL]DomR GRV 3DLV 5HVSRQViYHLV RX
GR -XL] GD &RPDUFD $57 '$ /(, )('(5$/ ± (67$7872 '$ &5,$1d$ ( '2 $'2/(6&(17( 2 6%7 QmR H[LELUi FRPHUFLDLV GLULJLGRV D
FULDQoDV H DGROHVFHQWHV TXH GLYXOJXHP D YHQGD GH ELOKHWHV ORWpULFRV H HTXLYDOHQWHV DUPDV PXQLo}HV EHELGDV DOFyROLFDV IRJRV GH DUWLItFLRV H
SXEOLFDo}HVLPSUySULDV$573$5$*5È)2,9'2(67$7872'$&5,$1d$('2$'2/(6&(17(
(VSHWiFXORVH'LYHUV}HV3~EOLFDV
&RPHUFLDLV GH ILOPHV SHoDV WHDWUDLV HVSHWiFXORV H GLYHUV}HV S~EOLFDV HP JHUDO GHYHP DSUHVHQWDU GH IRUPD FODUD HP iXGLR HRX YtGHR D LQGLFDomR RILFLDO GD IDL[D
HWiULD QD TXDO WHQKDP VLGR FODVVLILFDGRV $57 † ,1&,62 , '$ &2167,78,d­2 )('(5$/ $57 3$5È*5$)2 Ò1,&2 '2 (67$7872 '$ &5,$1d$ (
'2 $'2/(6&(17( /(, )('(5$/ 3RUWDULD GR 0LQLVWpULR GD -XVWLoD Qž &RQVXOWDV D UHVSHLWR GHYHP VHU GLULJLGDV SHOR LQWHUHVVDGR
GLUHWDPHQWH DR 'HSDUWDPHQWR GH -XVWLoD &ODVVLILFDomR 7tWXORV H 4XDOLILFDomR GR 0LQLVWpULR GD -XVWLoD (VSODQDGD GRV 0LQLVWpULRV %ORFR 7 $QH[R ,, ž
DQGDU6DODZZZPMJRYEUFODVVLILFDFDR
$OXVmRD(QWRUSHFHQWHV
7RGD PHQVDJHP TXH IDoD DOXVmR D VXEVWkQFLDV HQWRUSHFHQWHV Vy SRGHUi VHU H[LELGD PHGLDQWH DSUHVHQWDomR DR 6%7 GH SDUHFHU IDYRUiYHO REWLGR GLUHWDPHQWH SHOR
LQWHUHVVDGRMXQWRDR&RQVHOKR1DFLRQDO$QWLGURJDVGR0LQLVWpULRGD-XVWLoDHP%UDVtOLD±')
&RPHUFLDLVGH%HELGDV$OFRyOLFDV
'HYHP HVWDU GH DFRUGR FRP D OHJLVODomR H DXWRUHJXODPHQWDomR HVSHFtILFDV $UW † '$ &2167,78,d­2 )('(5$/ /(, )('(5$/ ( '(&5(72
)('(5$/&Ï',*2'($8725(*8/$0(17$d­238%/,&,7È5,$$1(;2³$´%(%,'$6$/&2Ï/,&$6$1(;2³3´9,1+26(&(59(-$6
&RPHUFLDLVGH'HIHQVLYRV$JUtFRODV
'HYHP FRQIRUPDUVH FRP /HJLVODomR H D $XWR5HJXODPHQWDomR HVSHFtILFDV 2V FRPHUFLDLV SRGHUmR VHU LQVHULGRV H[FOXVLYDPHQWH QRV SURJUDPDV GLULJLGRV D
SURGXWRUHV UXUDLV H SHFXDULVWDV $57 † '$ &2167,78,d­2 )('(5$/ $57 '$ /(, )('(5$/ '( ( $57 ( 6(*8,17(6 '2
'(&5(72)('(5$/'($1(;2³5´'2&Ï',*2%5$6,/(,52'($8725(*8/$0(17$d­238%/,&,7È5,$
&RPHUFLDLVGH0HGLFDPHQWRV
3URGXWRV)DUPDFrXWLFRV,VHQWRVGH3UHVFULomR
$ SXEOLFLGDGH GRV SURGXWRV IDUPDFrXWLFRV REVHUYDUi DV QRUPDV HVSHFtILFDV FRQWLGDV QR &Ï',*2 %5$6,/(,52 '( $8725(*8/$0(17$d­2 38%/,&,7È5,$
$1(;2 ³,´ 3DUD RV HIHLWRV GHVWH $QH[R VmR FRQVLGHUDGRV SURGXWRV IDUPDFrXWLFRV LVHQWRV GH SUHVFULomR WDPEpP FRQKHFLGRV FRPR PHGLFDPHQWRV SRSXODUHV RX
27&RYHUWKHFRXQWHUDTXHOHVFXMDYHQGDQRVWHUPRVGDOHLHVWiGLVSHQVDGDGDDSUHVHQWDomRGHUHFHLWDHPLWLGDSRU0pGLFRVH&LUXUJL}HV'HQWLVWDV
3XEOLFLGDGHGHPHGLFDPHQWRVHGHPDLVSURGXWRVILVFDOL]DGRVSHOD$19,6$
$ SDUWLU GH GH MXQKR HQWUD HP YLJRU D 5HVROXomR Q DWHQGHQGR HVWD GHWHUPLQDomR R DQXQFLDQWH GHYHUi FRPSURYDU D UHJXODULGDGH MXQWR D $19,6$
HQFDPLQKDQGRRFHUWLILFDGRGRUHJLVWURGRSURGXWRDQXQFLDGRQ~PHURFRPGtJLWRV
'HVWD IRUPD D SULPHLUD PtGLD GH PHGLFDPHQWRV H SURGXWRV FRQWURODGRV GHYHUi VHU HQYLDGD j HPLVVRUD SDUD YHLFXODomR FRP DQWHFHGrQFLD GH VHWHQWD H GXDV
KRUDV~WHLVDILPGHTXHVHMDUHDOL]DGDDSUpYLDFRQIHUrQFLDHHYHQWXDOFRUUHomRSRVVDVHUSURFHVVDGDHPWHPSRKiELO
e UHFRPHQGDGR TXH MXQWDPHQWH FRP R PDWHULDO SXEOLFLWiULR VHMD HQFDPLQKDGD GHFODUDomR DWHVWDQGR TXH D PtGLD HVWi HP FRQIRUPLGDGH FRP DV GHWHUPLQDo}HV OHJDLV
HQRUPDWLYDVGD$QYLVD
(P FDVR GH GHVFXPSULPHQWR GHVWDV QRUPDV D $19,6$ SRGHUi LPSRU DGYHUWrQFLD SURLELomR GH SURSDJDQGD VXVSHQVmR GH YHQGD GR SURGXWR LPSRVLomR GH PXOWD H
DLQGDDSUHHQVmRGRSURGXWRDQXQFLDGR/HLDUW9
,1)250$d®(6*(5$,6
sĄůŝĚĂƐĂƉĂƌƚŝƌĚĞϬϭĚĞKƵƚƵďƌŽĚĞϮϬϭϱͲ sƌƐ͘//
5(6(59$6($8725,=$d®(6
0DSDVH$XWRUL]Do}HV
2V 0DSDV HRX $XWRUL]Do}HV GHYHP VHU OHJtYHLV H GHYLGDPHQWH DVVLQDGRV SHOR UHSUHVHQWDQWH OHJDO GD HPSUHVD &OLHQWH$JrQFLD 'HYHUmR VHU HQYLDGRV DR 6%7 RV
RULJLQDLVGRVPDSDVHRXDXWRUL]Do}HV
eLPSUHVFLQGtYHOTXHRVGDGRVFDGDVWUDLVGDDJrQFLDFOLHQWHHVWHMDPFRPSOHWRVHFRUUHWRV
1mRVHUmRDFHLWRV0DSDVHRX$XWRUL]Do}HVDOiSLVQHPWmRSRXFRUDVXUDGDVFRPUHVVDOYDVRXHPHQGDV
4XDQGR VH WUDWDU GH FDQFHOD H VXEVWLWXL p QHFHVViULR LGHQWLILFDU R GRFXPHQWR DQWHULRU DVVLP FRPR D GDWD GH HPLVVmR &DVR HVWD LQIRUPDomR QmR FRQVWH QR
GRFXPHQWRHOHVHUiWUDWDGRHIDWXUDGRQRUPDOPHQWHILFDQGRR6%7LVHQWRGHVWDUHVSRQVDELOLGDGH
'HYHP VHU GHYLGDPHQWH SUHHQFKLGRV H HVSHFLILFDGRV SHUtRGR GH YHLFXODomR SURGXWR VHFXQGDJHP PHUFDGR HPLVVRUD SURJUDPDomR GLDV GH YHLFXODomR
TXDQWLGDGH GH LQVHUo}HV YDORU XQLWiULR YDORU WRWDO GD PtGLD FRQIRUPH QHJRFLDomR FDUDFWHUtVWLFDV GD YHLFXODomR SDWURFtQLR VHSDUDQGR DEHUWXUD HQFHUUDPHQWR H
FRPHUFLDLVPHUFKDQGLVLQJHFRPHUFLDLVDYXOVRV(DLQGDDIRUPDGHSDJDPHQWRVREUHWXGRTXDQGRVHWUDWDUGHYHUEDDQWHFLSDGD
2 PDSD HRX DXWRUL]DomR TXH FRQWHPSODU GRLV RX PDLV FRPHUFLDLV GLIHUHQWHV GHYHP VHU GLVFULPLQDGRV H LQGLFDGRV D TXH LQVHUomR VH UHIHUH2V 0DSDV H
$XWRUL]Do}HVGHYHPVHUVHSDUDGRVTXDQGRVHWUDWDUGHFRPHUFLDLVDYXOVRVSDWURFtQLRVPHUFKDQGLVLQJRXHYHQWRV
3UDoDV(VWDGR
3RUH[FHVVmRVRPHQWHDVUHVHUYDVGHHVSDoRSRGHPVHUHPLWLGDVSDUD0HUFDGRV(VWDGR-iDVDXWRUL]Do}HVREULJDWRULDPHQWHGHYHPVHUHPLWLGDVSUDoDDSUDoD
DFRPSDQKDQGRRIDWXUDPHQWR
9DORU0tQLPRSRU$XWRUL]DomR
$V DXWRUL]Do}HV SDUD R 6%7 GHYHUmR WHU XP YDORU PtQLPR GH 5 FHP UHDLV OtTXLGRV QHJRFLDGRV SRUWDQWR DV TXH DSUHVHQWDUHP YDORU PHQRU QmR VHUmR
DFHLWDV
3UD]RGH(QWUHJD
0DSD5HVHUYDGH]GLDV~WHLVGHDQWHFHGrQFLDSDUDTXDOTXHUSUDoD
$XWRUL]DomRVXEVWLWXLQGRDUHVHUYDDWUDYpVGR³FDQFHODHVXEVWLWXL´
6HPDOWHUDomRGHYHLFXODomRXPGLD~WLODQWHVGRLQtFLRGDYHLFXODomR
&RPDOWHUDomRGDUHVHUYDWUrVGLDV~WHLVDQWHVGRLQtFLRGDYHLFXODomR
4XDQGR KRXYHU PDLV GH XPD DJrQFLD HRX FOLHQWH HQYROYLGRV QD YHLFXODomR D UHVHUYD SRGHUi VHU IHLWD SRU XPD ~QLFD DJrQFLD HRX FOLHQWH SRUpP D DXWRUL]DomR
GHYHUi VHU IHLWD HP VHSDUDGR RX VHMD FDGD DJrQFLD FRP VHX FOLHQWH &DVR DV DXWRUL]Do}HV QmR FXPSUDP R SUD]R HVWLSXODGR SRU DWUDVR RX GLYHUJrQFLDV R 6%7
SUHVHUYDVHRGLUHLWRGHIDWXUDURVFRPHUFLDLVUHVHUYDGRVDRSUHoRGDWDEHODYLJHQWHQDpSRFDGHYHLFXODomR
2V WtWXORV GRV FRPHUFLDLV QmR LQIRUPDGRV QD UHVHUYD GH HVSDoR GHYHUmR VHU GHWHUPLQDGRV DWp GLDV ~WHLV DQWHV GR LQtFLR GD YHLFXODomR SDUD DV PtGLDV QRUPDLV
3DUD DV PtGLDV GH YDUHMR FRP H[LELomR 1HW 63 &DSLWDO 6$7 H 6mR -RVp GRV &DPSRV R SUD]R p DWp jV KV GR GLD ~WLO DQWHULRU D SULPHLUD H[LELomR D VHU
GHWHUPLQDGD RX VXEVWLWXtGD SDUD RV GHPDLV PHUFDGRV R SUD]R p GH GLDV ~WHLV DQWHULRUHV D GDWD GD H[LELomR DPEDV GHWHUPLQDo}HV GHYHUmR VHU HIHWXDGDV SRU PHLR
GHFDUWDGRFXPHQWR
$VDOWHUDo}HVGHVHFXQGDJHPSRGHUmRVHUDWHQGLGDVVRPHQWHSRUPHLRGHPDSDVUHVHUYDSRUWDQWRQmRVHUmRDFHLWDVFDUWDVGRFXPHQWRVFRPHVWDILQDOLGDGH
3$752&Ë1,26/2&$,6
1HJRFLDomRUHIHUHQWHDJUDGH1(7QmRVHUiYiOLGDSDUDSURJUDPDomRORFDOHYHQWRVUHJLRQDLVDomRGHPHUFKDQGLVLQJORFDOHWRGRHTXDOTXHUWLSRGHSDWURFtQLR
ORFDO$QHJRFLDomRGHYHUiVHUUHDOL]DGDDSDUWHGHDFRUGRFRPDQHFHVVLGDGHGRFOLHQWH1DSURJUDPDomR&DEHoDGH5HGHDVFRWDV1(7WHPSULRULGDGHHP
UHODomRDVFRWDVORFDLVTXDQGRKRXYHUFKRTXHGHFRQFRUUrQFLD
$/7(5$d­2'(352*5$0$d­2
2 6%7 UHVHUYDVH R GLUHLWR GH DOWHUDU KRUiULRV H WtWXORV GH SURJUDPDV 1mR KDYHQGR PXGDQoD GH JrQHUR GR SURJUDPD DV YHLFXODo}HV VHUmR PDQWLGDV REHGHFHQGR R
GLDHDIDL[DKRUiULDUHVHUYDGRV&DVRFRQWUiULRDVDJrQFLDVDQXQFLDQWHVVHUmRFRQVXOWDGRV
&DVRXPSURJUDPDGHOLQKDVHMDVXEVWLWXtGRSRUDOJXPHYHQWRRXSURJUDPDHVSHFLDOVHUiDGRWDGRXPGRVVHJXLQWHVSURFHGLPHQWRV
([LELomRGRFRPHUFLDOQRHYHQWRRXSURJUDPDHVSHFLDOTXHVXEVWLWXDRSURJUDPDFDQFHODGR
3RVVLELOLGDGHGHFRPSHQVDomRSRVWHULRUHPRXWURVSURJUDPDVDWUDYpVGDFRPSRVLomRGRYDORUGDH[LELomR
$EDWLPHQWRQDIDWXUDGRYDORUGDYHLFXODomR
2V KRUiULRV GD SURJUDPDomR VmR SDGURQL]DGRV SRGHQGR KDYHU XPD YDULDomR GH DSUR[LPDGDPHQWH WULQWD PLQXWRV SDUD PDLV RX SDUD PHQRV 3DUD KRUiULRV
VROLFLWDGRSHOR*RYHUQRDSURJUDPDomRVHUiDWUDVDGDFRQIRUPHDQHFHVVLGDGH1HVVHFDVRQmRVHUmRDFHLWDVGHGXo}HV
00$0Ï'8/20(5&$'2$181&,$17(
2 00$ p XPD DSOLFDomR RQGH DV DJrQFLDV DJLOL]DP R HQYLR GH PDSDV GH SURJUDPDomR YLD :HE QRV IRUPDWRV P~OWLSORV GH ´ H DWp ´ FRP UHWRUQR GR HQFDL[H
RQOLQH
,QWHJUDomRDRVVLVWHPDVGHPtGLDGDVDJrQFLDVKDELOLWDGDV
&RQVXOWDGHGLVSRQLELOLGDGHSRUSHUtRGRSURJUDPDHHVSDoR1(7H63
&RQVXOWDGHQHJRFLDo}HVSHQGrQFLDVSURJUDPDo}HVHPDQGDPHQWRGHWHUPLQDo}HVFRQVXOWDHDOWHUDomRGHWtWXORVFRPSURYDQWHVGHH[LELomRIDWXUDPHQWRH
7LSRV GH PtGLDV DFHLWRV 1RUPDO $QWHFLSDGD 0HUFKDQGLVLQJ /RFDO QRUPDO H DQWHFLSDGR 3HUPXWD 0tGLDV GH $SRLR H 6$7 DWp ´ 3DWURFtQLR SDUD R VLVWHPD
$'62/87,210,',$/2*H38%/,0$1$*(5
)RUPDWRVDLQGDQmRGLVSRQtYHLV0LFDUHWDVH%RQLILFDGDV
7LSRV GH FRPHUFLDLV DFHLWRV // QRUPDO 7+ WHVWHPXQKDO 98 YLVXDOL]DomR PDQXVHLR GH SURGXWR &' FRPHUFLDO GHWHUPLQDGR &0 FRPHUFLDO FRP
PXOWLSOLFLGDGH%(EUHDNH[FOXVLYR%8EXPSHU,$LQVHUWDQLPDGR,LQVHUWGHYLGHRH7/WHOHPDUNHWLQJ
3DUDDLQVWDODomRGHVVDDSOLFDomRHQYLDUHPDLOSDUDJFDUORVJ#VEWFRPEUGLHJRJRPHV#VEWFRPEU
,QIRUPDo}HVVREUHR00$'LHJR±*LOEHUWR±
,1)250$d®(6*(5$,6
sĄůŝĚĂƐĂƉĂƌƚŝƌĚĞϬϭĚĞKƵƚƵďƌŽĚĞϮϬϭϱͲ sƌƐ͘//
&$1&(/$0(1726)$/+$6&203(16$d®(6(&21),50$d­2'(9(,&8/$d­2
&DQFHODPHQWR
&DQFHODPHQWRSRUHVFULWRUHFHELGRDWpRWULJpVLPRGLDDQWHVGHTXDOTXHUYHLFXODomRSRGHVHUHIHWXDGRVHP{QXV
)DOKDVGH([LELo}HV
6HQGRFRQILUPDGDDIDOKDVHUiDGRWDGDDFRPSHQVDomRQRPHVPRSURJUDPDHPQRYDGDWDRXFRPSHQVDomRHPRXWURSURJUDPDGHLJXDOYDORU
)DOKDVGHH[LELomRSRUIDOWDGHPDWHULDORXPDWHULDOGHIHLWXRVRQmRVHUmRREMHWRGHFRPSHQVDomRRXDEDWLPHQWRGHIDWXUDVHQGRIDWXUDGRVHPFUpGLWR
&RQILUPDomRGH9HLFXODomR
$ QmR FRQWHVWDomR SHOD $JrQFLD&OLHQWH QR SHUtRGR GH WULQWD GLDV FRQWDGRV D SDUWLU GR ~OWLPR GLD GH H[LELomR LPSOLFD R UHFRQKHFLPHQWR GD HQWUHJD WRWDO GD
FDPSDQKD FRQWUDWDGD $OHJDo}HV SRVWHULRUHV Vy VHUmR DFHLWDV PHGLDQWH DSUHVHQWDomR GR UHODWyULR GD &RQWURODGRUD)LVFDOL]DGRUD HP SDSHO WLPEUDGR GHYLGDPHQWH
DFRPSDQKDGRGHPDWHULDLV&''9'RXTXDOTXHUGLVSRVLWLYRHOHWU{QLFRFRPiXGLRHYtGHRTXHFRPSURYHDUHFODPDomR
6HQGRFRQILUPDGDDIDOKDVHUiHPLWLGRXPDQRWDGHFUpGLWRSDUDDEDWLPHQWRHPIDWXUDRXXPDFDUWDGHFUpGLWRHPHVSDoRSDUDXWLOL]DomRIXWXUD
&UpGLWRVHP(VSDoR
'HYHUi VHU XWLOL]DGR VRPHQWH QD SUDoD GH RULJHP QR PHVPR SURJUDPD RX HP RXWUR FRP FXVWR HTXLYDOHQWH D $JrQFLD&OLHQWH WHUi VHVVHQWD GLDV SDUD XWLOL]DomR
GRFUpGLWRFRQWDGRVDSDUWLUGD~OWLPDGDWDGDFDPSDQKDFRQWUDWDGDHH[LELGDYHQFLGRHVWHSUD]RRFUpGLWRVHUi$8720$7,&$0(17(&$1&(/$'2
%5($.1(7
&DUDFWHUtVWLFDVGR,QWHUYDOR1HW
*HUDomRSHOD796%7&DQDOGH6mR3DXORFRPWUDQVPLVVmRVLPXOWkQHDSDUDWRGRR%UDVLO
'HYHUmR VHU IHLWRV PDSDV UHVHUYDDXWRUL]DomR HVSHFtILFRV SDUD R %5($. 1(7 4XDQGR VH WUDWDU GH SDWURFtQLR DV DXWRUL]Do}HV GHYHP VHU VHSDUDGDV RX VHMD XP
PDSD UHVHUYD SDUD FDGD PRGDOLGDGH GH YHLFXODomR FRP YDORU XQLWiULR H R WRWDO GD PtGLD FRQIRUPH QHJRFLDomR LQFOXVLYH SDUD RV HVSDoRV TXH IDoDP SDUWH GH SDFRWHV
GHDQWHFLSDomR
&21',d®(6'(3$*$0(172
3UD]RGH3DJDPHQWR
TXLQ]HGLDVIRUDRPrV
)DWXUDPHQWR
2 IDWXUDPHQWR VHUi HPLWLGR SRU SURGXWR HP XPD ~QLFD 1RWD )LVFDO RX VHMD WRGRV RV PDSDV GD PHVPD DJrQFLD FOLHQWH H SURGXWR VHUmR DJUXSDGRV WHQGR VHX YDORU
WRWDOIDWXUDGRHPXPD~QLFD1RWD)LVFDOFRPH[FHomRGDVYHQGDV1(70HUFKDQGLVLQJH3DWURFtQLR
7,326'(&20(5&,$,6
&RPHUFLDO0~OWLSOR
&RQVLGHUDVH FRPHUFLDO P~OWLSOR R TXH SURPRYH PDLV GH XP SURGXWR VHUYLoR HPSUHVD RX PDUFD HP iXGLR RX YtGHR 6HUi FREUDGR XP DGLFLRQDO GH QR SUHoR GD
IDL[DKRUiULDSRUSURGXWRRXPDUFDDGLFLRQDODRGRDQXQFLDQWHLQGHSHQGHQWHGDGXUDomRGRFRPHUFLDO
&RPHUFLDO'HWHUPLQDGR
26%7FREUDUiXPDFUpVFLPRGHSDUDFRPHUFLDLVFRPSRVLomRGHWHUPLQDGDQRVLQWHUYDORV
&RPHUFLDOFRP,QWHUDWLYLGDGH
26%7FREUDUiXPDFUpVFLPRGHSDUDFRPHUFLDLVLQWHUDWLYRVQRVLQWHUYDORV
'XUDomRGH&RPHUFLDLV
26%7DFHLWDSDUDYHLFXODomRFRPHUFLDLVFRPGXUDomRLJXDORXP~OWLSODGH´2V)RUPDWRVHRXGXUDo}HVGLYHUJHQWHVGHHGHYHPWHU
FRQVXOWDSUpYLDSDUDH[LELomR
$GXUDomRGHFDGDFRPHUFLDOGHYHHVWDUGHDFRUGRFRPDUHVHUYDGRPDSDGHPtGLD1mRVHUiDFHLWDDYHLFXODomRGHGRLVFRPHUFLDLVFRODGRVGHVHJXQGRV
TXDQGRRPDSDGHPtGLDFDUDFWHUL]DUDFRPSUDGHXPDLQVHUomRGHVHJXQGRV
&RPHUFLDLVHP&DGHLD
3DUDYHLFXODomRGHFRPHUFLDLVHPFDGHLD5HGHGH(PLVVRUDVpQHFHVViULRFRQVXOWDUSUHYLDPHQWHDViUHDV&RPHUFLDOH2SHUDo}HV&RPHUFLDLV
3XEOLFLGDGHHP)RUPDWR(GLWRULDOHRX-RUQDOtVWLFR
3DUDFRPHUFLDLVHPIRUPDWRHGLWRULDOHRXMRUQDOtVWLFRGHYHUiFRQVWDUDWDUMDGH³,QIRUPH3XEOLFLWiULR´GHDFRUGRFRPQRUPDVHSDGU}HVSUpHVWDEHOHFLGRVSHOR6%7QR
PRPHQWRGDYHLFXODomRFRQWUDWDGD
/,&(1&,$0(172
3HUVRQDJHQV0DUFDVH3URJUDPDVHVWmRGLVSRQtYHLVSDUDOLFHQFLDPHQWRGHSURGXWRVPHGLDQWHFRQVXOWDDiUHDGH/LFHQFLDPHQWRGR6%7
&21&255Ç1&,$
e GH SUD[H TXH R 6%7 SURJUDPH FRPHUFLDLV GH SURGXWRV FRQFRUUHQWHV HP LQWHUYDORV GLIHUHQWHV 3RUpP TXDQGR KRXYHU PDLRU GHPDQGD H QmR IRU SRVVtYHO DWHQGHU WDO
UHTXLVLWRR6%7VHUHVHUYDRGLUHWRGHH[LELORVQRPHVPRLQWHUYDORSURFXUDQGRVHSDUiORVSRURXWURVFRPHUFLDLV
,1)250$d®(6*(5$,6
sĄůŝĚĂƐĂƉĂƌƚŝƌĚĞϬϭĚĞKƵƚƵďƌŽĚĞϮϬϭϱͲ sƌƐ͘//
35202d®(6&21&856266257(,26
$ UHVSRQVDELOLGDGH GD DXWRUL]DomR GR 0LQLVWpULR GD )D]HQGD SDUD FRQFXUVRV SURPRo}HV H VRUWHLRV p LQWHLUDPHQWH GD DJrQFLDDQXQFLDQWH 6HQGR TXH R Q~PHUR GD
DXWRUL]DomRIRUQHFLGRSHOD6HFUHWDULDGD5HFHLWD)HGHUDOGHYHFRQVWDUQRYtGHRGRFRPHUFLDOGHIRUPDFODUDHOHJtYHO
%,1*26VHQmRKRXYHUSURLELomROHJDO
5HTXLVLWRVSDUD([LELomRGH&RPHUFLDLVGH%LQJR
$QH[DU D DXWRUL]DomR RX FySLD DXWHQWLFDGD DR PDSD UHVHUYD (VWD DXWRUL]DomR p FRQFHGLGD DR FOXEH SURPRWRU RX RUJDQL]DGRU HPLWLGR SHOR yUJmR S~EOLFR
FRPSHWHQWH 1D &ODTXHWH GR FRPHUFLDO GHYHUi FRQVWDU R Q~PHUR GD DXWRUL]DomR TXH DPSDUD D UHDOL]DomR GR HYHQWR H R yUJmR S~EOLFR UHVSRQViYHO 2 FRPHUFLDO
GHYHUiH[LELU
7DUMD³,QIRUPH3XEOLFLWiULR´
2yUJmRS~EOLFRUHVSRQViYHO
1~PHURGDDXWRUL]DomR
$57,67$6'26%7
26%7VHUHVHUYDRGLUHLWRGHUHFXVDUDYHLFXODomRGHFRPHUFLDLVSURWDJRQL]DGRVSRUVHXVFRQWUDWDGRVTXHUVHMDPDSUHVHQWDGRUHVMRUQDOLVWDVRXDUWLVWDVQRV
SURJUDPDVFRQGX]LGRVSHORVUHVSHFWLYRVFRQWUDWDGRV
+25È5,2'$352*5$0$d­2
2VKRUiULRVFRQVWDQWHVQDWDEHODGHSUHoRVVHJXHPRIXVRKRUiULRGH%UDVtOLD
0$7(5,$/'((;,%,d­2
3UD]RGH(QWUHJD
0tGLDV1RUPDLVRSUD]RPtQLPRGHHQWUHJDGRPDWHULDOpGHGRLVGLDV~WHLVTXHDQWHFHGHPDGDWDGDSULPHLUDH[LELomR
0tGLDVGH9DUHMR3DUDH[LELo}HV1HW63&DSLWDO6$7H6mR-RVpGRV&DPSRVRSUD]RPtQLPRGHHQWUHJDGRPDWHULDOpDWpjVKVGRGLD~WLODQWHULRUjGDWDGD
SULPHLUDH[LELomRSDUDRVGHPDLVPHUFDGRVRSUD]RpGHGRLVGLDV~WHLVDQWHULRUHVDGDWDGDH[LELomR6yVHUiDFHLWRSHOR6%7XPFOLHQWHWtWXORSRUPDWHULDOGH
H[LELomR
(QYLRGH0DWHULDLV
0DORWH'HVGHDJRVWRGHHVWiVXVSHQVRQRVVRVHUYLoRGHPDORWHLQYLDELOL]DQGRDVVLPDVH[FHo}HVGHHQYLRGHPDWHULDLVSRUHVWHPHLRDWtWXORGHFRUWHVLD
RSHUDFLRQDODQWHULRUPHQWHDWHQGLGDV
(QWUHJD'LJLWDO'HVGH0DLRHVWDPRVUHFHEHQGRRVPDWHULDLVFRPHUFLDLVWDPEpPSRUPHLRGLJLWDO
(VWHSURFHGLPHQWRSRGHVHUUHDOL]DGRYLDSDUFHLURVKRPRORJDGRV$GVWUHDP$GWRR[H$9=DUSDDSHQDVHWmRVRPHQWHSDUDHQYLRGHPDWHULDLVSDUDR6%7&DEHoD
GH5HGH6mR3DXOR
eYHGDGRDRVSDUFHLURVSURFHGHUHQYLRGHPDWHULDLVSDUDQRVVDVHPLVVRUDVGDUHGHVHMDSRUPHLRGLJLWDORXItVLFR
'HWHUPLQDomRHRX7URFDGH7tWXORV
0tGLDV1RUPDLVRSUD]RPtQLPRSDUDGHWHUPLQDomRHRXWURFDGHWtWXORpGHWUrVGLDV~WHLVTXHDQWHFHGHPDGDWDGDH[LELomRDVHUGHWHUPLQDGDRX
0tGLDVGH9DUHMR3DUDH[LELo}HV1HW63&DSLWDO6$7H6mR-RVpGRV&DPSRVRSUD]RpDWpjVKVGRGLD~WLODQWHULRUDSULPHLUDH[LELomRDVHUGHWHUPLQDGD
RXVXEVWLWXtGDSDUDRVGHPDLVPHUFDGRVRSUD]RpGHGRLVGLDV~WHLVDQWHULRUHVDGDWDGDH[LELomRSDUDRVGHPDLVPHUFDGRVRSUD]RpGHGRLVGLDV~WHLVDQWHULRUHV
DGDWDGDH[LELomR6yVHUiDFHLWRSHOR6%7XPFOLHQWHWtWXORSRUPDWHULDOGHH[LELomR
,GHQWLILFDomR
2PDWHULDOHQWUHJXHGHYHUiVHJXLUXPDSDGURQL]DomR
&RQVWDUQRPHGDDJrQFLDFOLHQWHSURGXWRWtWXORHVHFXQGDJHP
7RGRVHVWHVGDGRVGHYHUmRVHULGrQWLFRVWDQWRQRPDSDFRPRQDDXWRUL]DomR
$SHQDVXPFRPHUFLDOSRUILWD
VHJXQGRVGHFODTXHWH
VHJXQGRVGH³)$'(,1´
2 WtWXOR QR PDWHULDO GHYHUi VHU LJXDO DR GR 0DSD$XWRUL]DomR 1R FDVR GH DOWHUDomR GH WtWXOR GR PDWHULDO Mi HQYLDGR QD FRUUHVSRQGrQFLD GHYHUmR FRQVWDU
REULJDWRULDPHQWHRVVHJXLQWHVGDGRVDJrQFLDFOLHQWHSURGXWRQRYRWtWXORVHFXQGDJHPHDVSUDoDVRXYHtFXORVSURJUDPDGRV
0$7(5,$/'((;,%,d­2
'HYHUi DLQGD FRQVWDU QD FODTXHWH R Q~PHUR GR &%3 &RQGHFLQH GH DFRUGR DRV SDGU}HV HVWDEHOHFLGRV SHOD $1&,1( H[FHWR SDUD DV YHLFXODo}HV HP SHTXHQRV
0XQLFtSLRV,QVWUXomR1RUPDWLYDQž2EUDV3XEOLFLWiULDV$1&,1(
0DWHULDOSDUD3DWURFtQLR
2VPDWHULDLVSDUDYLQKHWDVGHFDUDFWHUL]DomRGHSDWURFtQLRVGHSURJUDPDVHHYHQWRVGHYHUmRVHUHQWUHJXHVQDVHGHGRYHtFXORQXPSUD]RPtQLPRGHWUrVGLDV
~WHLVTXHDQWHFHGDPDGDWDGDSULPHLUDH[LELomR2VWH[WRVSDUDFDUDFWHUL]DomRGRSDWURFtQLRGHYHUmRVHUFRPSRVWRVGHDWpVHWHSDODYUDVVHQGRVRPHQWHDFHLWR
XPSURGXWRRXPDUFDSRUFDUDFWHUL]DomR9LQKHWDVGH3DWURFtQLRTXHHQYROYDPRIHUWDVHSUHoRVYDUHMRVRPHQWHFRPFRQVXOWDSUpYLD
3DUDDSURGXomRGHLQVHUWGHYtGHRDLPDJHPGHYHUiVHUHQFDPLQKDGDSRUHPDLODQH[DGDHPDUTXLYRFRPSDWtYHO26%7UHVHUYDVHDRGLUHLWRGHH[FOXLUVORJDQV
TXHSRVVDPVHDSUHVHQWDULOHJtYHLVQRYtGHRPDQWHQGRDFDUDFWHUL]DomRGRSURGXWRRXGDPDUFDGRFOLHQWH
5HWLUDGDGH0DWHULDO
2 PDWHULDO GHYHUi VHU UHWLUDGR HP DWp VHVVHQWD GLDV GD ~OWLPD YHLFXODomR ([SLUDGR HVWH SUD]R RV PDWHULDLV VHUmR LQXWLOL]DGRV 3DUD UHWLUDGD GH PDWHULDO R
GHVLJQDGRGHYHUiDSUHVHQWDUFRUUHVSRQGrQFLDGDDJrQFLDFRQVWDQGR
QRPHGRFOLHQWH
SURGXWR
WtWXOR
VHFXQGDJHP
SUDoDVGHYHLFXODomR
,1)250$d®(6*(5$,6
sĄůŝĚĂƐĂƉĂƌƚŝƌĚĞϬϭĚĞKƵƚƵďƌŽĚĞϮϬϭϱͲ sƌƐ͘//
7,326'(0$7(5,$,6
sĄůŝĚŽƐĂƉĂƌƚŝƌĚĞϬϭĚĞKƵƚƵďƌŽĚĞϮϬϭϱͲ sƌƐ͘//
5(*,­21257(
0HUFDGR
0DWHULDO
0DQDXV
'9&DP
792XUR9HUGH
79$OODPDQGD39HOKR
3RUWR9HOKR
0LQL'9
795RQGRQ
79$OODPDQGD&DFRDO
&DFRDO
0LQL'9
79&DVWDQKDO
79$OODPDQGD$ULTXHPHV
$ULTXHPHV
0LQL'9
79$PD]{QLD3DUDXSHEDV
79$OODPDQGD-L3DUDQi
-L3DUDQi
0LQL'9
9LOKHQD
(PLVVRUD
790DQDXV
79$OODPDQGD9LOKHQD
79&LGDGH-DUX
0HUFDGR
0DWHULDO
3DUDJRPLQDV
0LQL'9
5RQGRQ
0LQL'9
&DVWDQKDO
0LQL'9
3DUDXSHEDV
0LQL'9
796DOLQySROLV
6DOLQySROLV
0LQL'9
0LQL'9
79%UDJDQoD
%UDJDQoD
0LQL'9
-DUX
0LQL'9
79&DSDQHPD
&DSDQHPD
0LQL'9
5HGHQomR
0LQL'9
7XFXPm
0LQL'9
-XUXWL
0LQL'9
(PLVVRUD
%RD9LVWD
0LQL'9
795HGHQomR
5LR%UDQFR
0LQL'9
797XFXPm
&UX]HLURGR6XO
0LQL'9
793RQWD1HJUD-XUXWL
$UDJXDtQD
0LQL'9
7931HJUD0RMXtGRV&DPSRV
%HOWHUUD
0LQL'9
796HUUDGR&DUPR
3DOPDV
0LQL'9
793RQWD1HJUDÏELGRV
ÏELGRV
0LQL'9
79*XUXSL
*XUXSL
'9'
793RQWD1HJUD2UL[LPLQi
2LUL[LPLQi
0LQL'9
7RFDQWLQV
0LQL'9
793WD1HJUD7HUUD6DQWD
7HUUD6DQWD
0LQL'9
0DFDSi
0LQL'9
79$EDHWHWXED
$EDHWHWXED
0LQL'9
796%7%HOpP
%HOpP
%HWDFDP6'
%DJUH
0LQL'9
79&RUUHLR
0DUDEi
0LQL'9
790RFDMXEHQVH
797DSDMRDUD
,WDLWXED
0LQL'9
79;LQJX
6DQWDUpP
0LQL'9
796mR0LJXHOGR*XPi
79)ORUHVWD
7XFXUXt
0LQL'9
79,GHDO
799DOHGR;LQJX
$OWDPLUD
0LQL'9
797URSLFDO
795LR%UDQFR
79-XUXi
79$UDJXDLQD
793RUWR
79$PD]{QLD
793RQWD1HJUD6DQWDUpP
79%DJUH
5(*,­2125'(67(
(PLVVRUD
79-DQJDGHLUR
0RFDMXED
0LQL'9
6mR)pOL[GR;LQJX
0LQL'9
6mR0LJXHOGR*XPi
0LQL'9
9LJLD
0LQL'9
5(*,­268/
0HUFDGR
0DWHULDO
)RUWDOH]D
;'&$0+'
(PLVVRUD
796%73RUWR$OHJUH
0HUFDGR
0DWHULDO
3RUWR$OHJUH
%HWDFDP6'
1DWDO
%HWDFDP6'
793ODQDOWR
/DJHV
%HWDFDP6'
0RVVRUy
%HWDFDP6'
79,JXDoX
&XULWLED
%HWDFDP6'
5HFLIH
;'&$06'
797LEDJL
$SXFDUDQD
%HWDFDP6'
79,(OR
&DUXDUX
%HWDFDP6'
79&LGDGH/RQGULQD
/RQGULQD
%HWDFDP6'
79$UDWX
6DOYDGRU
;'&$0+'
791DLSL
)R]GR,JXDoX
%HWDFDP6'
0DFHLy
0LQL'9
793RQWD1HJUD1DWDO
793RQWD1HJUD0RVVRUy
79-RUQDOGR&RPpUFLR
79$ODJRDV
3LDXt
%HWDFDP6'
79'LIXVRUD6mR/XL]
6mR/XL]
%HWDFDP6'
79'LIXVRUD,PSHUDWUL]
,PSHUDWUL]
%HWDFDP6'
-RmR3HVVRD
;'&$0+'
&DPSLQD*UDQGH
0LQL'9
79&LGDGH9HUGH7HUH]LQD
797DPED~
79%RUERUHPD
5(*,­268'(67(
5(*,­2&(17522(67(
0HUFDGR
0DWHULDO
-D~
%HWDFDP6'
796%7%UDVtOLD
5LEHLUmR3UHWR
;'&$0+'
796RURFDED
6RURFDED
79,$UDoDWXED
(PLVVRUD
796%7-D~
796%75LEHLUmR3UHWR
5HGH9796DQWRV
0HUFDGR
0DWHULDO
%UDVtOLD
;'&$0+'
79&DPSR*UDQGH
&DPSR*UDQGH
;'&$0+'
;'&$0+'
796HUUD'RXUDGD
*RLkQLD
;'&$0+'
$UDoDWXED
%HWDFDP6'
791RUWmR
6DQWRV&DPSLQDV
;'&$0+'
792XURPLQDV
(PLVVRUD
$OWD)ORUHVWD
0LQL'9
0DWXSi
0LQL'9
6mR3DXORH6-GRV&DPSRV
;'&$0+'
795RQGRQ&XLDEi
&XLDEi
0LQL'9
796%75LRGH-DQHLUR
5LRGH-DQHLUR
;'&$0+'
79&HQWUR2HVWH
%DUUDGR*DUoD
0LQL'9
791RYD)ULEXUJR
1RYD)ULEXUJR
;'&$0+'
791RYD;DYDQWLQD
1RYD;DYDQWLQD
0LQL'9
79$OWHURVD
%HOR+RUL]RQWH
%HWDFDP6'
79&LG3RQWHVH/DFHUGD
&LG3RQWHVH/DFHUGD
0LQL'9
,WXLXWDED
%HWDFDP6'
79&LGDGH6LQRS
6LQRS
0LQL'9
8EHUOkQGLD
%HWDFDP6'
795RQGRQ5RQGRQySROLV
5RQGRQySROLV
0LQL'9
9DUJLQKD
%HWDFDP6'
795HDO&DPSR9HUGH
&DPSR9HUGH
0LQL'9
,QWHULRUGH0LQDV
%HWDFDP6'
79'HVFDOYDGRV&iFHUHV
&iFHUHV
0LQL'9
-XL]GH)RUD
%HWDFDP6'
79&LGDGH-DFLDUD
9DOH6/RXUHQoR
0LQL'9
79'LYLQySROLV
'LYLQySROLV
%HWDFDP6'
797URSLFDO&ROLGHU
&ROLGHU
0LQL'9
79$OWHURVD/HVWH
0DQKXDoX
%HWDFDP6'
79&LGDGH6RUULVR
6RUULVR
0LQL'9
9LWyULD
%HWDFDP6'
790XWXP
1RYD0XWXP
0LQL'9
795HJLRQDO
6LQRS
0LQL'9
79&RQTXLVWD
/XFDVGR5LR9HUGH
0LQL'9
7DQJDUiGD6HUUD
0LQL'9
796%763H6mR-RVpGRV&DPSRV
79&DQFHOD,WXLXWDED
79&DQFHOD8EHUOkQGLD
79$OWHURVD6XO
79$OWHURVD,QWHULRU
79$OWHURVD-XL]GH)RUD
797ULEXQD
797DQJDUiGD6HUUD
*(5$d­2
3UHoRVHPUHDLVYiOLGRVDSDUWLUGHGH2XWXEURGH 9UV,,
&20(5&,$,6
'85$d­2&867232535$d$
´5
´5
´5
´5
2%6(59$d®(6
‡1DJHUDomRTXHVXSHUDURWHPSRGHVHVVHQWDVHJXQGRVDSURSRUomRGDWDEHODVHUiPDQWLGD
‡3UD]RGHSDJDPHQWRTXLQ]HGLDVIRUDRPrV
‡2IDWXUDPHQWRGHYHREHGHFHUDGDWDGHJHUDomRH[FOXLQGRDGHH[LELomR
‡3UD]RGHHQWUHJDSDUDRPDWHULDOGRLVGLDV~WHLVDQWHFHGHQGRDSULPHLUDH[LELomR
‡/RFDOGHHQWUHJDGRPDWHULDO6mR3DXORpD3UDoDGHRULJHPGDVJHUDo}HVSRUWDQWRRPDWHULDOGHYHVHU
HQWUHJXHQD$YGDV&RPXQLFDo}HV± 2VDVFR± 6mR3DXOR± $&7UiIHJR&RPHUFLDO
‡2VPDWHULDLVWDPEpPSRGHPVHUHQYLDGRVSRUPHLRGLJLWDODSHQDVSDUD6mR3DXORFDEHoDGHUHGHDWUDYpV
GDVHPSUHVDVSDUFHLUDV$GV7UHDPZZZDGVWUHDPFRPEU $GWRR[ZZZDGWR[FRPEUH=DUSD
ZZZ]DUSDPHGLDFRPEU
‡$SyVWULQWDGLDVGD~OWLPDH[LELomRRPDWHULDOJHUDGRVHUiDXWRPDWLFDPHQWHLQXWLOL]DGR
‡eQHFHVViULRTXHDJHUDomRVHMDDXWRUL]DGDSRUHVFULWRHTXHFRQVWHR1RPHGR&OLHQWHRQ~PHURGR&13-
GR&OLHQWHD$JrQFLDRQ~PHURGR&13-GD$JrQFLDDTXHPGHYHVHUIDWXUDGRR3URGXWRR7tWXOR
6HFXQGDJHPGR&RPHUFLDO&XVWRFRQIRUPHWDEHODDFLPDHDVUHVSHFWLYDV3UDoDVSDUDJHUDomR1RFDVRGH
FDQFHODVXEVWLWXLGHYHUiFRQVWDURQ~PHURHDGDWDGDFDUWDDQWHULRUSDUDHYLWDURIDWXUDPHQWRHP
GXSOLFLGDGHQmRFDEHQGRDR6%7DUHVSRQVDELOLGDGHSRUHVWDRSHUDomR
‡26%7WDPEpPQmRVHUHVSRQVDELOL]DSRUIDOKDVGHFRUUHQWHVGHLPSRVVLELOLGDGHWpFQLFDGHJHUDomRQHP
WmRSRXFRSHODSHUGDGHTXDOLGDGHQRPDWHULDOJHUDGR
‡1RFDVRGH63H63VHUHPSURJUDPDGRVMXQWRVFRQVLGHUHDSHQDVXPPDWHULDO
‡1DVJHUDo}HVFRPVHFXQGDJHPDWp´RFXVWRXWLOL]DGRVHUiGDJHUDomRGH´
',*,7$/(,17(5$7,9,'$'(
WƌĞĕŽƐĞŵƌĞĂŝƐ͕ǀĄůŝĚŽƐĂƉĂƌƚŝƌĚĞϬϭĚĞKƵƚƵďƌŽĚĞϮϬϭϱͲ sƌƐ͘//
&$1$/
)250$72
7,32'(&2035$
35(d2
5
0DVW+HDG
'LiULD
)XOO%DQQHU(VSHFLDO5RGDSp
'LiULD
5
5HWkQJXOR0pGLRžVFUROO
'LiULD
5
6XSHU%DQQHUIRRWHU
'LiULD
5
&ODVV%R[&KDPDGD'HVWDTXH
'LiULD
5
6HORGH3DWURFtQLR0tGLD%R[
'LiULD
5
3UpUROO
&30
5
3UpUROO
&30
5
3yVUROO
&30
5
+20(3$*(
9Ë'(26
6%76,7(6
5HWkQJXOR0pGLR
&30
5
6XSHU%DQQHUIRRWHU
&30
5
6HOR
&30
5
%DQQHU0RELOH
&30
5
5HWkQJXOR0pGLR0RELOH
&30
5
%DQQHU7DEOHW
&30
5
6PDUW3KRQH
&30
5
02%,/(
$3/,&$7,926%7
%$&.*5281'(19(/23$0(172
&$1$/
48$17,'$'('(9,68$/,=$d­2
7,32'(&2035$
35(d2
0HQVDO
5
0HQVDO
5
0HQVDO
5
0HQVDO
5
0HQVDO
5
0HQVDO
5
)­6286(*8,'25(6
6(/23267
3267
48$17,'$'('()­6
35(d2
35(d2
6,7(6
&$1$/
5('(662&,$,6
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
3URPRWHG3RVWDGLFLRQDUDRYDORU5SRU&30HRX5RFXVWRGRHQJDMDPHQWR
2EV
'HVFRQWRVDSOLFDGRVSDUDRGLJLWDOVmRGLIHUHQWHVGDVQHJRFLDo}HVDSOLFDGDVj79
',*,7$/(,17(5$7,9,'$'(
WƌĞĕŽƐĞŵƌĞĂŝƐ͕ǀĄůŝĚŽƐĂƉĂƌƚŝƌĚĞϬϭĚĞKƵƚƵďƌŽĚĞϮϬϭϱͲ sƌƐ͘//
5($3/,&$d­212',*,7$/
&$1$/
)250$72
6,7($3/,&$7,92(&$1$,6'2
<2878%('26%7
3RVVLELOLGDGHGHGLYXOJDomR
GDPDUFDDWUDYpVGDV
SODWDIRUPDVGLJLWDLVGR6%7
7,32'(&2035$
%UDQG&RQWHQW
35(d2
)DYRUFRQVXOWDUSiJLQDGD
'HDFRUGRFRPRIRUPDWR
7DEHODGH3UHoRV
GH0HUFKDQGLVLQJDGTXLULGR 0HUFKDQGLVLQJ5HDSOLFDomR
QR'LJLWDO
(63(&,),&$d®(67e&1,&$6
)250$72
$548,92
7$0$1+23,;(/6
3(62.%
3Up5ROO
PS
[
0%
3Up5ROO
PS
[
0%
3yV5ROO
PS
[
0%
5HWkQJXOR0pGLR
VZIHMSJJLI
[
.
6XSHU%DQQHU
VZIHMSJJLI
[
.
)XOO%DQQHU
VZIHMSJJLI
[
.
3RVW
MSJ
[
0%
6HOR3RVW
MSJ
[
.
%DFNJURXQG
MSJJLI
[
.
0DVWKHDG
MSJ
[
.
%DQQHU6PDUW3KRQH
VZIHMSJJLI
[[
.
%DQQHU7DEOHW
VZIHMSJJLI
[[
.
5HWkQJXOR0pGLR0RELOH
VZIHMSJJLI
[
.
3DUDPDLRUHVGHWDOKHVVREUHDDSOLFDomRFRQVXOWDUPDQXDOGHRSHUDo}HVGLJLWDO
2EVHUYDo}HV,PSRUWDQWHV
(QYLRGHPDWHULDLV'HYHPVHUHQWUHJXHVSHODDJrQFLDDQXQFLDQWHSDUDRHPDLORSHFGLJLWDO#VEWFRPEU
3HGLGRGH,QVHUomR$WpGLDV~WHLVSDUDSURFHVVDPHQWRLQWHUQR'HYHFRQWHULQVWUXo}HVFODUDVGHSHUtRGRVHJPHQWDomRHPHWDGHHQWUHJDPHQVDO
3DWURFtQLRV23HGLGRGH,QVHUomRHPDWHULDOGHYHPVHUHQFDPLQKDGRVFRPQRPtQLPRGLDV~WHLVGHDQWHFHGrQFLDSDUDRSHFGLJLWDO#VEWFRPEU&DVRRPDWHULDOQmRHVWHMDGHDFRUGR
FRPDVHVSHFLILFDo}HVWHPSRDGLFLRQDOSRGHVHUQHFHVViULRSDUDFRUUHo}HVRTXHSRGHFRPSURPHWHURWHPSRGHLPSOHPHQWDomR
,QtFLRGDYHLFXODomR7HUiLQLFLRGDFDPSDQKDVVRPHQWHDSyVR3HGLGRGH,QVHUomRHPDWHULDOHVWDUHPGHDFRUGRFRPDVHVSHFLILFDo}HVGHVFULWDVQRPDQXDOGHRSHUDo}HVFRPHUFLDO
GLJLWDO
3ULQWVHFRPSURYDQWHV6HUmRHQFDPLQKDGRVHPDWpGLDV~WHLVDSyVRLQtFLRGDFDPSDQKD
&RUUHo}HVRWLPL]Do}HV$WpGLD~WLODSyVDQRWLILFDomRSHORHPDLORSHFGLJLWDO#VEWFRPEU
$OWHUDomRGHFULDWLYR6HUmRSHUPLWLGRVDSHQDVDOWHUDo}HVGHFULDWLYRSRUPrV
(VSHFLILFDo}HV7pFQLFDV2VGHVFULWLYRVDFLPDWDPEpPHVWmRGHWDOKDGRVQR0DQXDOGH2SHUDo}HV&RPHUFLDLV'LJLWDO
5HODWyULRV2VUHODWyULRVGHDFRPSDQKDPHQWRVHUmRHQFDPLQKDGRVWRGDVDVWHUoDVIHLUDVDSyVRILQDOGHFDGDSHULRGRVHPDQDOHRXDRILQDOGRSHULRGRGD3,HPDWpGLDV~WHLVDSyVR
WpUPLQRGDFDPSDQKDVHJXLQGRRPRGHORGHUHODWyULRGHVFULWRQR0DQXDOGH2SHUDo}HV&RPHUFLDLV'LJLWDLV
0(5&+$1',6,1*5($3/,&$d­2',*,7$/
WƌĞĕŽƐĞŵƌĞĂŝƐ͕ǀĄůŝĚŽƐĂƉĂƌƚŝƌĚĞϬϭĚĞKƵƚƵďƌŽĚĞϮϬϭϱͲ sƌƐ͘//
23d®(6(9$/25(63$5$5($3/,&$d­212',*,7$/'($&25'2
&202)250$72'(0(5&+$1',6,1*$'48,5,'2
)250$726'(0(5&+$1',6,1*
352*5$0$
',$(+25È5,2
9,68$/,=$d­2
0$186(,2'2
352'872
&,7$d­2&
9,68$/,=$d­27(67(081+$/
$7e
$d­2
,17(*5$'$
9,68$/,=$d­2
0$186(,2'2
352'872
&,7$d­2&
$d­2
9,68$/,=$d­27(67(081+$/
,17(*5$'$
$7e
$XGLWyULR
&6')
6HJXQGDD6H[WD
K
5
6RE
&RQVXOWD
5
6RE&RQVXOWD
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
6RE&RQVXOWD
5
5
6RE&RQVXOWD
5
5
5
5
5
5
5
5
5$7+
6HJXQGDD6H[WD
K
712,
6HJXQGDD6H[WD
K
5$8/
6iEDGR
K
'2/(
'RPLQJR
K
3(/,
'RPLQJR
K
6$%'
6iEDGRV
K
1RYHODV
191
6HJXQGDD6H[WD
K
)RUPDWR1mR'LVSRQtYHO
7RGRVRVSURJUDPDVGHYHUmRVHUSUHYLDPHQWHFRQVXOWDGRV
2EV
&XVWRGHSURGXomRVHUiRUoDGRHFREUDGRjSDUWH
3DUDPXOWLSOLFLGDGHGHPDUFDVQDVDo}HVGH0HUFKDQGLVLQJKDYHUiRDFUpVFLPRGHVREUHRYDORUGDDomR
3DUDRXWURVIRUPDWRVGHPHUFKDQGLVLQJHYDORUHVFRPR$omR(VSHFLDO3XEOLFLGDGH9LUWXDO&ROG2SHQH9LQKHWDFRP9LVXDOL]DomRGD0DUFDFRQVXOWH$WHQGLPHQWR&RPHUFLDO
2)RUPDWR&RPHUFLDO*UDYDGRWHUiFRPREDVHSDUDYDORUDomRRFXVWRGHGRSURJUDPD
7RGRVRVFOLHQWHVGHYHPVHUSUHYLDPHQWHFRQVXOWDGRV
0(5&+$1',6,1*5($3/,&$d­2',*,7$/
WƌĞĕŽƐĞŵƌĞĂŝƐ͕ǀĄůŝĚŽƐĂƉĂƌƚŝƌĚĞϬϭĚĞKƵƚƵďƌŽĚĞϮϬϭϱͲ sƌƐ͘//
23d®(6(9$/25(63$5$5($3/,&$d­212',*,7$/'($&25'2
&202)250$72'(0(5&+$1',6,1*$'48,5,'2
)250$726'(0(5&+$1',6,1*
352*5$0$
',$(+25È5,2
9,68$/,=$d­2
0$186(,2'2
352'872
&,7$d­2&
9,68$/,=$d­27(67(081+$/
$7e
$d­2
,17(*5$'$
9,68$/,=$d­2
0$186(,2'2
352'872
&,7$d­2&
$d­2
9,68$/,=$d­27(67(081+$/
,17(*5$'$
$7e
5HDOLW\6KRZ
04)0
6HJXQGD
K
6RE&RQVXOWD
6RE&RQVXOWD
5
6RE&RQVXOWD
6RE&RQVXOWD
5
5
5
5
5
5
5
6RE&RQVXOWD
5
6RE&RQVXOWD
5
6RE&RQVXOWD
5
6RE&RQVXOWD
5
5
5
5
5
5
6RE&RQVXOWD
5
5
6RE&RQVXOWD
5
5
5
5
5
5
5
5
5
5
5
5
5
5
(645
6iEDGR
K
%$.(
6iEDGR
K
&2=3
6iEDGRV
K
(VWUHLD
+XPRUtVWLFR
$3$&
4XLQWD
K
(VSRUWH
$&(5
'RPLQJR
K
'RFXPHQWiULR
785$
'RPLQJR
K
6KRZ
2.36
6HJXQGDD6H[WD
K
)RUPDWR1mR'LVSRQtYHO
7RGRVRVSURJUDPDVGHYHUmRVHUSUHYLDPHQWHFRQVXOWDGRV
2EV
&XVWRGHSURGXomRVHUiRUoDGRHFREUDGRjSDUWH
3DUDPXOWLSOLFLGDGHGHPDUFDVQDVDo}HVGH0HUFKDQGLVLQJKDYHUiRDFUpVFLPRGHVREUHRYDORUGDDomR
3DUDRXWURVIRUPDWRVGHPHUFKDQGLVLQJHYDORUHVFRPR$omR(VSHFLDO3XEOLFLGDGH9LUWXDO&ROG2SHQH9LQKHWDFRP9LVXDOL]DomRGD0DUFDFRQVXOWH$WHQGLPHQWR&RPHUFLDO
2)RUPDWR&RPHUFLDO*UDYDGRWHUiFRPREDVHSDUDYDORUDomRRFXVWRGHGRSURJUDPD
7RGRVRVFOLHQWHVGHYHPVHUSUHYLDPHQWHFRQVXOWDGRV
3DUDRXWURVIRUPDWRVQR%DNH2II%UDVLOSRUIDYRUFRQVXOWDUDHTXLSHGHFULDomRHGHVHQYROYLPHQWRGH0HUFKDQGLVLQJ

Documentos relacionados

Leia Mais - Sinthoresp

Leia Mais - Sinthoresp GDQoD ID] XPD PDQLIHVWDomR FRQWUD R WUDEDOKR HVFUDYR $OpP GLVVR XP YtGHR LQpGLWR VREUHRPHVPRWHPDVHUiDSUHVHQWDGR 6HUYLoR 'LDGHRXWXEUR /RFDO5XD7DJXi±/LEHUG...

Leia mais

judges assignments - JeffGym

judges assignments - JeffGym $/,<(9(OVKDQ %$1*2%HQMDPLQ 6$5*6<$16RV 1(80$112ODI /(6,9*HQDGL 323$XJXVWLQ 7$1.)DWLK

Leia mais

Jorge Quintela CAROSELLO (CAROUSEL)

Jorge Quintela CAROSELLO (CAROUSEL) ³&LQHPD3REUH´ZKRVHDLPLVWRSURYLGH7UDLQLQJDQG&XOWXUDO3URJUDPPLQJ LQWKHFLW\RI3RUWR,QKHKHOGVHYHUDOZRUNVKRSVDOODURXQG3RUWXJDODV DWUDLQHUIRUWKHDVVRFLDWLRQ³2VILOKRV...

Leia mais

Diário Oficial

Diário Oficial 'HVWH (GLWDO 1mR 2EWLGR R µ¶4XRUXP¶¶ 1HFHVViULR HP 3ULPHLUD 9RWDomR VHUi 5HDOL]DGR 6HJXQGR (VFUXWtQLR GH 9RWRV  8PD  KRUD DSyV DR GD

Leia mais