*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©
- 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 BMMP TDIFNB EJ DPMMFHBNFOUP 1FS MB UFOTJPOF WFEFSF MB UBSHIFUUB EJ JEFOUJGJDB[JPOF $PMMFHBSF J GJMJ EFM DBWP EJ DPMMFHBNFOUP BMMB SFUF FMFUUSJDB SJTQFUUBOEP J DPMPSJ WFSEF HJBMMP DPOEVUUPSF EJ UFSSB < CMV [FSP DPOEVUUPSF OF
"MMFFO BBOTMVJUFO WPMHFOT IFU BBOTMVJUTDIFNB ;JF WPPS EF TQBOOJOH IFU UZQFQMBBUKF %F BEFST WBO EF IPPGEMFJEJOH OFUBBOTMVJUJOH BBOTMVJUFO WPMHFOT EF LMFVSDPEFSJOH HSPFO HFFM BBSEMFJEJOH < CMBVX OVM OFVUSBBMMFJEJOH CSVJO GBTF CVJUFOMFJEJOH $OOHHQ *% HQ $XVWUDOLs #JK HFCSVJL WBO FFO TUFLLFS EJFOU V EF CFUSFGGFOEF TUSPPNTUFSLUF JO BDIU UF OFNFO 7PPS EF [FLFSJOH HFMEU EF WFSNPHFOTPQHBWF PQ IFU UZQFQMBBUKF $OOHHQ =ZHGHQ )LQODQG HQ 1RRUZHJHQ )FU BQQBSBBU LBO PPL NFU EF CJKHFWPFHEF TUFLLFS NFU BBS
$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 .
)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 'FTU BSCFJETQMBUFO Q¥ LK¸LLFOFMFNFOUFU )WJT BQQBSBUFU CMJS CZHHFU JOOVOEFS FO QMBUFUPQQ N¥ G¸MHFOEF NJOTUFN¥M PWFSIPMEFT FWFOUVFMU JOLMVTJWF VOEFSTUFMM )HVWLQJ DY DSSDUDWHW ² ILJXU D E 4LZW BQQBSBUFU IFMU JOO PH NJEUTUJMM EFU
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 QPJTUFUUBWB "TFOOB MBJUF WBJO OJJO LPSLFBMMF FUU¤ WBSVTUFFU TBB PUFUUVB IFMQPTUJ VMPT $VHQQXV NXOPDDQ NXYD +PUUB MBJUUFFO MVVLLV TBBEBBO BWBUUVB PUB LVMNBBO BTFOUBFTTBTJ IVPNJPPO NJUBU & .
&M BQBSBUP TPMP QVFEF DPOFDUBSTF DPO FM DBCMF EF DPOFYJ³O TVNJOJTUSBEP $POFDUBS FM DBCMF EF DPOFYJ³O FO MB QBSUF QPTUFSJPS EFM BQBSBUP EFCF PSTF VO DMJD 1VFEF BERVJSJSTF VO DBCMF EF DPOFYJ³O EF N B USBW©T EFM 4FSWJDJP EF "TJTUFODJB 5©DOJDB &M DBCMF EF DPOFYJ³O TPMP QVFEF TFS TVTUJUVJEP QPS VO DBCMF PSJHJOBM RVF QVFEF TPMJDJUBSTF B USBW©T EFM 4FSWJDJP EF "TJTUFODJB 5©DOJDB -B QSPUFDDJ³O DPOUSB DPOUBDUP BDDJEFOUBM EFCF HBSBOUJ[BSTF NFEJBOUF FM NPOUBKF &DEOH GH FRQH[LyQ FRQ HQFKXIH FRQ WRPD GH WLH
&DER GH OLJDomR FRP ILFKD FRP FRQWDFWR GH VHJXUDQoD 0 BQBSFMIP EFWF TFS MJHBEP BQFOBT B VNB UPNBEB DPN DPOUBDUP EF TFHVSBO§B JOTUBMBEB FN DPOGPSNJEBEF DPN BT OPSNBT 4F B GJDIB O£P GJDBS BDFTTWFM BQ³T B NPOUBHFN B JOTUBMB§£P EFWF FTUBS QSPWJEB EF VN EJTQPTJUJWP TFDDJPOBEPS PNOJQPMBS DPN VNB EJTU¢ODJB EF DPOUBDUP NOJNB EF NN &DER GH OLJDomR VHP ILFKD FRP FRQWDFWR GH VHJXUDQoD 0 BQBSFMIP T³ QPEF TFS MJHBEP QPS VN U©DOJDP BVUPSJ[BEP 4£P BQMJD¡WFJT BT OPSNBT EP GPSOFDFEPS EF FMFDUSJDJEBEF SFHJPOBM " JOTU
ː˱ˤ˪ ˢˠ˧˞˱˙˰˱˞˰ˤ ˭ˮ˚˭ˢ˦ ˪˞ ˲˭˙ˮ˴ˢ˦ ˩˦˞ ˡ˦˙˱˞˫ˤ ˡ˦˞˧ˬ˭˛˯ ˹˨˶˪ ˱˶˪ ˭˹˨˶˪ ˩ˢ ˚˪˞ ˡ˦˙˧ˢ˪ˬ ˢ˭˞˳˛˯ ˱ˬ ˨˦ˠ˹˱ˢˮˬ NN ˃˫˞˧ˮ˦˟˻˰˱ˢ ˱ˬ˲˯ ˞ˠ˶ˠˬ˺˯ ˱˶˪ ˳˙˰ˢ˶˪ ˧˞˦ ˱ˬ˪ ˬ˲ˡ˚˱ˢˮˬ ˞ˠ˶ˠ˹ ˩ˤˡ˚˪ ˰˱ˬ ˧ˬ˲˱˜ ˰˺˪ˡˢ˰ˤ˯ ːˢ ˭ˢˮ˜˭˱˶˰ˤ ˢ˰˳˞˨˩˚˪ˤ˯ ˰˺˪ˡˢ˰ˤ˯ ˩˭ˬˮˢ˜ ˤ ˰˲˰˧ˢ˲˛ ˪˞ ˲˭ˬ˰˱ˢ˜ ˣˤ˩˦˙ ː˲˪ˡ˚˰˱ˢ ˱ˤ ˰˲˰˧ˢ˲˛ ˩˹˪ˬ ˰˺˩˳˶˪˞ ˩ˢ ˱ˬ ˰˴˚ˡ˦ˬ ˰˺˪ˡˢ˰ˤ˯ ˁ˦˞ ˱ˤ˪ ˱˙˰ˤ ˟˨˚˭ˢ ˰˱ˤ˪ ˭˦˪˞˧˜ˡ˞ ˱˺˭ˬ˲ ː˲˪ˡ˚˰˱ˢ ˱ˬ˲˯ ˧˨˻˪ˬ˲˯ ˱ˬ˲ ˧˞˨˶ˡ˜ˬ˲ ˰˺˪ˡˢ˰ˤ˯ ˰˱ˬ ˡ˜˧˱˲ˬ ˱ˬ˲ ˮˢ˺˩˞˱ˬ˯ ˰˺˩˳˶˪˞ ˩ˢ ˱˞ ˞˪˱˜˰˱ˬ˦˴˞ ˴ˮ˻˩˞˱˞ ˎˮ˙˰˦˪ˬm˧˜˱ˮ˦˪ˬ ʿˠ˶ˠ˹˯ ˭ˮˬ˰˱˞˰˜˞˯ ˠˢ˜˶˰ˤ <
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 5RG]DM Sã\W\ JU]HZ D F]HM QDNãDGDQD QD EODW D E PRQWRZDQD QD UyZQL ] SR ZLHU]FKQLĉ EODWX 8SHYQěQt VSRWŒHELĀH ² REUi]HN *OEVLDZKOB QĂZUB HS[FXD[B NN NN NN 1FĂOPQPXJFS[DIOJPXB NN QĂZUB JOEVLDZKOB NN NN (B[
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