*9000998461* Ø Ú Þ â é × ó ê Ý Û ì Ù Ö ë î ô 0RQWDJHDQOHLWXQJ ,QVWDOODWLRQ LQVWUXFWLRQV 1RWLFH GH PRQWDJH ,VWUX]LRQL SHU LO PRQWDJJLR ,QVWDOODWLHYRRUVFKULIW 0RQWHULQJVYHMOHGQLQJ 0RQWHULQJVDQYLVQLQJ 0RQWHULQJVYHLOHGQLQJ $VHQQXVRKMH ,QVWUXFFLRQHV GH PRQWDMH ,QVWUXo}HV GH PRQWDJHP ̲͉͇͓͆́ͅ ͇͕͔͕͔͉͓͌̓̾̓ͅ 0RQWiçQt QiYRG ,QVWUXNFMD PRQWDŰX Ημπροςιυηώ ξν λνμρίες 0RQWDM N×ODYX]X % $ PLQ PLQ PLQ PLQ PLQ PL
& ' PLQ PLQ PLQ de *HUlW XQWHU $UEHLWVSODWWH %LOG ;VS #FM¼GUVOH EFT (FS¤UFT NVTT EFS ;XJTDIFOCPEFO FJOFO -¼GUVOHTBVTTDIOJUU BVGXFJTFO "SCFJUTQMBUUF BVG &JOCBVN¶CFM CFGFTUJHFO 8JSE EBT (FS¤U VOUFS FJOFN ,PDIGFME FJOHFCBVU N¼TTFO EJF GPM HFOEFO .JOEFTUNBF FJOHFIBMUFO XFSEFO HFHFCFOFOGBMMT JOLMV TJWF 6OUFSLPOTUSVLUJPO Ø .POUBHFBOMFJUVOH :LFKWLJH +LQZHLVH %LOG /VS FJO GBDIHFSFDIUFS &JOCBV OBDI EJFTFS .
en "VGHSVOE EFT OPUXFOEJHFO .JOEFTUBCTUBOEFT E FSHJCU TJDI EJF NJOEFTUF "SCFJUTQMBUUFOTU¤SLF D %JF .
-B QSJTF EF SBDDPSEFNFOU EF M BQQBSFJM EPJU TF TJUVFS EBOT MB [POF EF MB TVSGBDF IBDIVS©F $ PV M FYU©SJFVS EF M FTQBDF E FODBTUSFNFOU ■ -FT NFVCMFT OPO GJY©T EPJWFOU ªUSF GJY©T BV NVS BV NPZFO E VOF ©RVFSSF % VTVFMMF EV DPNNFSDF ■ %JNFOTJPOT JOEJRV©FT EBOT MFT JMMVTUSBUJPOT FO NN : 3RUWHXUV G LPSODQWV pOHFWURQLTXHV - BQQBSFJM QFVU DPOUFOJS EFT BJNBOUT QFSNBOFOUT RVJ QFVWFOU JOGMVFS TVS EFT JNQMBOUT ©MFDUSPOJRVFT QBS FY TUJNVMBUFVST DBSEJBRVFT PV QPNQFT JOTVMJOF 1PVS DFUUF SBJTPO MPST EV NPOUBHF
&kEOH GH UDFFRUGHPHQW DYHF ILFKH DYHF WHUUH - BQQBSFJM EPJU ªUSF SBDDPSE© JNQ©SBUJWFNFOU VOF QSJTF BWFD UFSSF JOTUBMM©F EF NBOJ¨SF S©HMFNFOUBJSF 4J BQS¨T M FODBTUSFNFOU EF M BQQBSFJM MB QSJTF O FTU QMVT BDDFTTJCMF JM GBVESB JOTUBMMFS D´U© TFDUFVS VO TFDUJPOOFVS PNOJQPMBJSF BWFD VO JOUFSTUJDF E PVWFSUVSF EF DPOUBDU E BV NPJOT NN &kEOH GH UDFFRUGHPHQW VDQV ILFKH DYHF WHUUH 4FVM VO TQ©DJBMJTUF BHS©© FTU IBCJMJU© SBDDPSEFS M BQQBSFJM *M EPJU BQQMJRVFS MFT S©HMFNFOUBUJPOT EV GPVSOJTTFVS E ©MFDUSJDJU©
&DYR GL DOLPHQWD]LRQH VHQ]D VSLQD FRQ PHVVD D WHUUD - BMMBDDJBNFOUP EFMM BQQBSFDDIJP QV² FTTFSF FGGFUUVBUP TPMP EB VO UFDOJDP BVUPSJ[[BUP DIF EPWS SJTQFUUBSF MF EJTQPTJ[JPOJ EFMM B[JFOEB SFHJPOBMF FSPHBUSJDF EFMM FOFSHJB FMFUUSJDB - JNQJBOUP EFWF QPTTFEFSF VO TF[JPOBUPSF VOJWFSTBMF DPO VO BQFSUVSB EJ DPOUBUUP EJ BMNFOP NN /FMM FMFNFOUP GFNNJOB JOEJWJEVBSF VO DPOEVUUPSF EJ GBTF F VOP OFVUSP ࣓[FSPࣔ 6O BMMBDDJBNFOUP TDPSSFUUP EFMM BQQBSFDDIJP QV² DPNQPSUBSOF JM EBOOFHHJBNFOUP "UUFOFSTJ FTDMVTJWBNFOUF
$OOHHQ *% HQ $XVWUDOLs .
$IPRQWHULQJ 4¸SH GPS BU BQQBSBUFU FS VEFO TQ¦OEJOH 4LSV NPOUFSJOHTTLSVFSOF VE -¸GU BQQBSBUFU MJEU PH US¦L EFU IFMU VE $QVOXWD HQKHWHQ &OIFUFO IBS TLZEETLMBTT PDI TLB IB KPSEBE FMBOTMVUOJOH &OIFUFO TLB WBSB TQ¤OOJOHTM¶T WJE BMM TMBHT NPOUFSJOH "OTMVU CBSB FOIFUFO NFE EFO NFEG¶MKBOEF TMBEEFO 4¤UU J LPOUBLUFO TO¤QQFS GBTU Q¥ FOIFUFOT CBLTJEB %FU H¥S BUU CFTU¤MMB N TMBEE IPT TFSWJDF %V G¥S CBSB CZUB VU TMBEEFO NPU PSJHJOBMTMBEE TPN EV CFTU¤MMFS BW TFSWJDF .
.XQ IRU 6WRUEULWDQQLD RJ $XVWUDOLD ,PCMF UJM NFE FU TU¸QTFM Q¥ " FMMFS TJLSF NFE " )RU 6YHULJH )LQODQG RJ 1RUJH "QQBSBUFU LBO PHT¥ TZTUFNUJMLPCMFT NFE EFU NFEG¸MHFOEF KPSEFEF TU¸QTFMFU %FUUF N¥ JNJEMFSUJE W¦SF UJMHKFOHFMJH FUUFS JOOCZHHJOH )WJT EFUUF JLLF FS UJMGFMMF N¥ EFU JOTUBMMFSFT FO GMFSQPMFU TLJMMFCSZUFS NFE NJOTU NN LPOUBLUBWTUBOE $SSDUDW XQGHU DUEHLGVSODWHQ ² ILJXU 'PS BU BQQBSBUFU TLBM LVOOF MVGUFT VU N¥ NFMMPNQMBUFO IB FO VUTL¥SFU MVGUF¥QOJOH 'FTU BSCFJETQMBUFO Q¥ LK¸LLFOFMFNFOU
.HLWWRWDVRQ W\\SSL D D E SllOOH DVHQ VDPDQWDVRLQHQ QHWWX DVHQQXV JOEVLUJPLFJUUPUBTP NN NN NN 5¤ZTJQJOUBJOFO JOEVLUJPLFJUUPUBTP NN NN NN ,BBTVLFJUUPUBTP NN NN NN 4¤IL¶LFJUUPUBTP NN NN NN 5BSWJUUBWBO NJOJNJFU¤JTZZEFO E UBLJB UZ¶UBTPO W¤IJNN¤JTWBIWVVT PO D /PVEBUB LFJUUPUBTPO BTFOOVTPIKFUUB /DLWH NRUNHDVVD NDDSLVVD NXYD 7¤MJQPIKJTTB QJU¤¤ PMMB SBLP MBJUUFFO UVVMFUVTUB WBSUFO +PT LPSLFBTTB LBBQJTTB PO FMFNFOUUJ UBLBTFJOJFO MJT¤LTJ UPJOFO UBLBTFJO¤ TF PO
$SDUDWR HQ XQ DUPDULR HQ DOWR ILJXUD 1BSB QPEFS WFOUJMBS FM BQBSBUP FM QJTP TFQBSBEPS EFCF DPOUBS DPO VOB SBOVSB EF WFOUJMBDJ³O $VBOEP FM BSNBSJP FO BMUP DVFOUB DPO PUSB QMBDB QPTUFSJPS BEJDJPOBM BM NBSHFO EF MBT QMBDBT QPTUFSJPSFT FTUB EFCF SFUJSBSTF /P NPOUBS FM BQBSBUP EFNBTJBEP BMUP B GJO EF QPEFS SFUJSBS MPT BDDFTPSJPT TJO QSPCMFNBT 0RQWDMH HQ HVTXLQD ILJXUD 1BSB RVF TFB QPTJCMF BCSJS MB QVFSUB EFM BQBSBUP PCTFSWBS VOB EJTUBODJB & FO FM NPOUBKF FO FTRVJOB -B NFEJEB ' EFQFOEF EFM HSPTPS EFM
.POUBS P BQBSFMIP B VNB BMUVSB N¡YJNB RVF QFSNJUB SFUJSBS PT BDFTT³SJPT TFN QSPCMFNBT ,QVWDODomR GH FDQWR ILJXUD %F NPEP B DPOTFHVJS BCSJS B QPSUB EP BQBSFMIP SFTQFJUF B NFEJEB & BRVBOEP EB JOTUBMB§£P EF DBOUP " NFEJEB ' EFQFOEF EB FTQFTTVSB EB GSFOUF EP N³WFM QPS CBJYP EP QVYBEPS ■ ■ ■ /LJDU R DSDUHOKR 0 BQBSFMIP DPSSFTQPOEF DMBTTF EF QSPUF§£P F T³ QPEF TFS DPMPDBEP FN GVODJPOBNFOUP BUSBW©T EF VNB MJHB§£P DPN DPOEVUPS EF QSPUF§£P 0 BQBSFMIP UFN EF FTUBS EFTMJHBEP EB DPSSFOUF EVSBOUF B SFBMJ[
ʸ˪˞ ˧˞˨˻ˡ˦ˬ ˰˺˪ˡˢ˰ˤ˯ N ˢ˜˪˞˦ ˡ˦˞˥˚˰˦˩ˬ ˰˱ˤ˪ ˲˭ˤˮˢ˰˜˞ ˱ˢ˴˪˦˧˛˯ ˢ˫˲˭ˤˮ˚˱ˤ˰ˤ˯ ˭ˢ˨˞˱˻˪ ˑˬ ˧˞˨˻ˡ˦ˬ ˰˺˪ˡˢ˰ˤ˯ ˢ˭˦˱ˮ˚˭ˢ˱˞˦ ˪˞ ˞˪˱˦˧˞˱˞˰˱˞˥ˢ˜ ˩˹˪ˬ ˩ˢ ˚˪˞ ˠ˪˛˰˦ˬ ˧˞˨˻ˡ˦ˬ ˡ˦˞˥˚˰˦˩ˬ ˩˚˰˶ ˱ˤ˯ ˲˭ˤˮˢ˰˜˞˯ ˱ˢ˴˪˦˧˛˯ ˢ˫˲˭ˤˮ˚˱ˤ˰ˤ˯ ˭ˢ˨˞˱˻˪ ˅ ˭ˮˬ˰˱˞˰˜˞ ˢ˭˞˳˛˯ ˭ˮ˚˭ˢ˦ ˪˞ ˢ˫˞˰˳˞˨˜ˣˢ˱˞˦ ˩ˢ ˱ˤ˪ ˱ˬ˭ˬ˥˚˱ˤ˰ˤ ̭͍̓͆͋͑͟ ͔͞͏͇͔͉͓͆ ͎͇ ͇͖͎͕͍͕͉͒̓͑̀ ͓͗͋ ͔͑͌͑͞ ˅ ˰˲˰˧ˢ˲˛ ˢ˭˦˱ˮ˚˭ˢ˱˞˦ ˪˞ ˰˲˪ˡˢ˥ˢ˜ ˩˹˪ˬ ˰ˢ ˩˦˞ ˭ˮ˜ˣ˞ ˰ˬ˺˧ˬ ˭ˬ˲ ˢ˜˪˞˦ ˢˠ˧˞˱ˢ˰˱ˤ˩˚˪ˤ ˰˺˩˳˶˪˞ ˩ˢ ˱ˬ˲˯ ˧˞˪ˬ˪˦˰˩ˬ˺˯ ˃˙˪ ˱ˬ ˳˦˯ ˩ˢ˱˙ ˱ˤ˪ ˱ˬ˭ˬ˥˚˱ˤ˰ˤ ˡˢ˪ ˢ˜˪˞˦ ˭˨˚ˬ˪ ˭ˮˬ˰˦˱˹ ˭ˮ˚˭ˢ˦ ˞˭˹ ˱
3RX]H 9HONi %ULWiQLH D $XVWUiOLH 1ęJQPKUF NJOJN¡MOÛ QPNPD " [¡TUSÍLZ OFCP QPVľJKUF KJġUÛO " 3RX]H äYpGVNR )LQVNR D 1RUVNR 4QPUęFCJÍ M[F QęJQPKJU UBL© QPNPD QęJMPľFO© [¡TUSÍLZ T PDISBOO½N LPOUBLUFN ;¡TUSÍLB NVT C½U QęTUVQO¡ J QP EPLPOÍFO WFTUBWCZ 1PLVE UPNV UBL OFO KF OVUO© OB TUSBOÛ JOTUBMBDF SPWOÛľ QPVľU KJTUJÍ WġFDI Q³Mį TF W[E¡MFOPTU LPOUBLUį NJO NN 8SHYQěQt VSRWŒHELĀH ² REUi]HN 4QPUęFCJÍ [DFMB [BTVĈUF B TUęFEPWÛ WZSPWOFKUF 4QPUęFCJÍ QęJġSPVCVKUF .
0RFRZDQLH XU]ĉG]HQLD U\V 6S[ÅE[FOJF DBĂLPXJDJF XTVOÅÇ VTUBXJBKÅD QPěSPELV 1S[ZNPDPXBÇ VS[ÅE[FOJF ěSVCBNJ /JF XPMOP QS[ZTĂBOJBÇ EPEBULPXÅ MJTUXÅ T[D[FMJOZ QPNJÙE[Z CMBUFN SPCPD[ZN B VS[ÅE[FOJFN /B CPD[OZDI ěDJBOLBDI T[BGLJ EP PCVEPXZ OJF XPMOP VNJFT[D[BÇ PTĂPO UFSNJD[OZDI 'HPRQWDŰ 8ZĂÅD[ZÇ [BTJMBOJF VS[ÅE[FOJB 0ELSÙDJÇ ěSVCZ NPDVKÅDF 6S[ÅE[FOJF MFLLP VOJFěÇ J DBĂLPXJDJF XZDJÅHOÅÇ ru î Ημπροςιυηώ ξν λνμρίες Αίεμϊδ ςιίζίμηώ ৯ οηπ ■ ■ ■ ■ ■ ■ ■ ■ ■ ̨͎͕͖͇͔͕͙͌ͣ͘͘ ͖͚͇͙͇ͤ͑͒͘͝͏
Ζίιοδξκδμηδ ξοηΰνοί ³ οηπ ̮͇͉͋͏͔͙ͣ͌ ͖͗͏͈͕͗ ͕͋ ͚͖͕͇͗ ͏ ͉͕͉͔͙͗ͦ͐͌͢ ͖͕ ͔͙͚͌͗͝ ̮͇͖͑͗͌͏͙͌ ͖͗͏͈͕͗ ͘ ͖͕͓͕ͣͥ͠ ͉͏͔͙͕͉ ̮͇͎͕͗ ͓͍͚͌͋ ͙͕͔͒͌͘͟͏͌͐͝ ͏ ͖͗͏͈͕͕͓͗ ͔͎͌͒ͣͦ ͎͇͉͇͙͑͗ͣ͢ ͕͖͕͔͋͒͏͙͔͕͌͒ͣ͐ ͖͇͔͕͒͑͐ ̮͇͖͇͙͗͌͌ͦ͘͠ ͚͙͇͔͇͉͒͘͏͉͇͙ͣ ͔͇ ͈͕͕͉͑͢͜ ͙͔͇͌͑͘͜ ͇͇͑͛͟ ͋͒ͦ ͉͙͇͗͘͏͉͇͔͏ͦ ͙͖͕͌͒͏͎͕͒ͦ͝͏͕͔͔͌͢ ͖͇͔͒͑͏ Γδλνμρίε ̵͈͙͕͙͌ͣ͌͘͞ ͖͗͏͈͕͗ ̵͇͈͙͒ͣ͌͘ ͉͏͔͙͢ ͖͔͑͗͌͒͌͏ͦ ̶͗͏͖͕͔͋͏͓͏͙͌ ͏ ͉͔͙ͣ͌͢ ͖͗͏͈͕͗ &LKD]×Q HOHNWULN üHEHNHVLQH EDùODQPDV× tr ô %R\ GRODE×QGDNL FLKD] 5HVLP $JIB[ñO IBWBMBOEñSñMNBTñ J§JO BSB SBGMBSEB CJS IBWB
