• No results found

Mapas Mentais - Aula 03

N/A
N/A
Protected

Academic year: 2021

Share "Mapas Mentais - Aula 03"

Copied!
30
0
0

Loading.... (view fulltext now)

Full text

(1)

3$57(7(5&(,5$

3$57(7(5&(,5$

'D2UJDQL]DomR

'D2UJDQL]DomR

'D&RPSRVLomRH

'D&RPSRVLomRH

'D&RPSHWrQFLD

'D&RPSHWrQFLD

$GPLQLVWUDWLYDV

$GPLQLVWUDWLYDV

GR7ULEXQDO

GR7ULEXQDO





2

2

UJDQL]DomR$GPLQLVWUDWLYD

UJDQL]DomR$GPLQLVWUDWLYD





&

&

RPSRVLomR

RPSRVLomR

H

H

GD

GD

&

&

RPSHWrQFLD

RPSHWrQFLD

$GPLQLVWUDWLYDV

$GPLQLVWUDWLYDV

,'R7ULEXQDO3OHQR

,'R7ULEXQDO3OHQR

,,'R&RQVHOKR(VSHFLDO

,,'R&RQVHOKR(VSHFLDO

,,,

,,,

''

DV

DV

''

LVSRVLo}HV&RPXQV

LVSRVLo}HV&RPXQV

DRV&DStWXORV$QWHULRUHV

DRV&DStWXORV$QWHULRUHV

,9

,9

''

D

D

V$V$

WULEXLo}HV$GPLQLVWUDWLYDV

WULEXLo}HV$GPLQLVWUDWLYDV

GR3UHVLGHQWHGR7ULEXQDOGR

GR3UHVLGHQWHGR7ULEXQDOGR

3

3

ULPHLUR

ULPHLUR

9LFH3

9LFH3

UHVLGHQ

UHVLGHQ

WH

WH

GR

GR

6HJXQGR9LFH3UHVLGHQWHHGR

6HJXQGR9LFH3UHVLGHQWHHGR

&RUUHJHGRUGH-XVWLoD

&RUUHJHGRUGH-XVWLoD





3UR

3UR

FHG

FHG

LPH

LPH

QWR

QWR

V

V

$GPLQLVWUDWLYRV

$GPLQLVWUDWLYRV

,'DV(OHLo}HV

,'DV(OHLo}HV

,,'D,QGLFDomRGH$GYRJDGRV

,,'D,QGLFDomRGH$GYRJDGRV

HGH0HPEURVGR

HGH0HPEURVGR

0LQLVWpULR3~EOLFR

0LQLVWpULR3~EOLFR

,,,'R3URYLPHQWRGRV&DUJRV

,,,'R3URYLPHQWRGRV&DUJRV

QD0DJLVWUDWXUDGH&DUUHLUD

QD0DJLVWUDWXUDGH&DUUHLUD

,9'R3URFHVVR$GPLQLVWUDWLYR

,9'R3URFHVVR$GPLQLVWUDWLYR

'L

'L

VFLSOLQD

VFLSOLQD

U

U

5HODWLYR

5HODWLYR

D0DJLVWUDGRV

D0DJLVWUDGRV

9'D9HULILFDomRGH,QYDOLGH]

9'D9HULILFDomRGH,QYDOLGH]

9,'D&RPLVVmRGH

9,'D&RPLVVmRGH

$FRPSDQKDPHQWR

$FRPSDQKDPHQWR

GH(VWiJLR3UREDWyULR

GH(VWiJLR3UREDWyULR

'LVSRVLo}HV)LQDLV

'LVSRVLo}HV)LQDLV

 

3$57(7(5&(,5$'$25*$1,=$d2'$&20326,d2

3$57(7(5&(,5$'$25*$1,=$d2'$&20326,d2

('$ ('$

&203(7Ç1&,$$'0,1,675$7,9$6'275,%81$/

&203(7Ç1&,$$'0,1,675$7,9$6'275,%81$/

)OiYLD0XQGLP )OiYLD0XQGLP 0DUFHOR/HLWH 0DUFHOR/HLWH Z ZZZZZSSRRQQWWRRGGRRVVFFRRQQFFXXUUVVRRVVFFRRPPEEUU 55,,77--''))77HHPP00DDSSDDVV00HHQQWWDDLLVV $XODS $XODS

(2)
(3)

2UJDQL]DomR

2UJDQL]DomR

$GPLQLVWUDWLYD

$GPLQLVWUDWLYD

9LVmRJHUDO

9LVmRJHUDO

25*$1,=$d-2$'0,1,675$7,9$

25*$1,=$d-2$'0,1,675$7,9$

27-')7IXQFLRQDHP

27-')7IXQFLRQDHP

VHVV}HV

VHVV}HV

DD

GPLQLVWUDWLYDV

GPLQLVWUDWLYDV

G

G

R

R

&RQVHOKR

&RQVHOKR

(VSHFLDO

(VSHFLDO

7ULEXQDO

7ULEXQDO

3OHQR

3OHQR

)XQFLRQDPHQWR

)XQFLRQDPHQWR

27ULEXQDOIXQFLRQD 27ULEXQDOIXQFLRQD HP HP VV

HVV}HV

HVV}HV

DGPLQLVWUDWLYDV

DGPLQLVWUDWLYDV

,±GR ,±GR 77

ULEXQDO3OHQR

ULEXQDO3OHQR

,,±GR

,,±GR &&

RQVHOKR(VSHFLDO

RQVHOKR(VSHFLDO

D DUWUW

7ULEXQDO

7ULEXQDO

3OHQR

3OHQR

&RPSRVLomR

&RPSRVLomR

&RQVWLWXLomR

&RQVWLWXLomR

27ULEXQDO

27ULEXQDO 33

OHQR

OHQR

ppFRQVWLWXtGRGDFRQVWLWXtGRGD

727$/,'$'(

727$/,'$'(

GGRVRV GG

HVHPEDUJDGRUHV

HVHPEDUJDGRUHV

&RPS}HVHGH

&RPS}HVHGH 





GHVHPEDUJDGRUHV

GHVHPEDUJDGRUHV

3UHVLGrQFLD

3UHVLGrQFLD

6HUi

6HUi SS

UHVLGLGR

UHVLGLGR

SSHORHOR

3UHVLGHQWH

3UHVLGHQWH

GGRR 77

ULEXQDO

ULEXQDO

4XyUXP

4XyUXP

SDUD

SDUD

UHXQLmR

UHXQLmR

2

2 33

OHQR

OHQR

VV

RPHQWH

RPHQWH

VVHH UU

HXQLUi

HXQLUi

QQDD

SUHVHQoDGH

SUHVHQoDGH GG

HVHPEDUJDGRUHV

HVHPEDUJDGRUHV

HHPP

Q~PHURHTXLYDOHQWHQR

Q~PHURHTXLYDOHQWHQR PP

tQLPR

tQLPR

 DRDR

LQWHLUR

LQWHLUR

TTXHVHXHVH VV

HJXLU

HJXLU

jjPP

HWDGH

HWDGH

GGHH

VHXVPHPEURV VHXVPHPEURV

6DOYR

6DOYR

TTXDQXDQGRGRH[LH[LJLGJLGRR

TXyUXPTXDOLILFDGR

TXyUXPTXDOLILFDGR

0DLRULDDEVROXWD

0DLRULDDEVROXWD

$

$ YY

HULILFDomR

HULILFDomR

GGRR TT

XyUXP

XyUXP

ppIHLWDIHLWD DD

QWHV

QWHV

GR GR LL

QtFLR

QtFLR

GGDD VV

HVVmR

HVVmR

GGHMXOJDPHQWRHMXOJDPHQWR DUW DUW

&RPSHWrQFLDV

&RPSHWrQFLDV

$GPLQLVWUDWLYDV

$GPLQLVWUDWLYDV

DUW DUW

25*$1,=$d-2$'0,1,675$7,9$

25*$1,=$d-2$'0,1,675$7,9$

(

(





&20326,d-2'275,%81$/3/(12

&20326,d-2'275,%81$/3/(12

)OiYLD0XQGLP )OiYLD0XQGLP 0DUFHOR/HLWH 0DUFHOR/HLWH Z ZZZZZSSRRQQWWRRGGRRVVFFRRQQFFXXUUVVRRVVFFRRPPEEUU 55,,77--''))77HHPP00DDSSDDVV00HHQQWWDDLLVV $XODS $XODS

(4)

7ULEXQDO

7ULEXQDO

3OHQR

3OHQR

&RPSHWrQFLDV

&RPSHWrQFLDV

$GPLQLVWUDWLYDV

$GPLQLVWUDWLYDV

,±

,±

(OHJHU

(OHJHU

HHGDUGDU SS

RVVH

RVVH

DDRR

L L

3UHVLGHQWH

3UHVLGHQWH

LL LL

9LFH3UHVLGHQWH

9LFH3UHVLGHQWH

LLL LLL

9LFH3UHVLGHQWH

9LFH3UHVLGHQWH

LY

LY

&RUUHJHGRU

&RUUHJHGRU

GGD-XVWLoDD-XVWLoD

,,±'DU

,,±'DU SS

RVVH

RVVH

DDRVRV PP

HPEURV

HPEURV

GGR7ULEXQDOGHVHPEDUJDGRUHVR7ULEXQDOGHVHPEDUJDGRUHV

,,,±(OHJHURV

,,,±(OHJHURV GG

HVHPEDUJDGRUHV

HVHPEDUJDGRUHV

HHRVRV M M

Xt]HV

Xt]HV

GGHH ''

,5(,72

,5(,72

TTXHXH

GHYDPLQWHJUDUR

GHYDPLQWHJUDUR 77

ULEXQDO5HJLRQDO(OHLWRUDO

ULEXQDO5HJLRQDO(OHLWRUDO

GGRR ''

)

)

75(')75(')

6mR

6mR M M

Xt]HV

Xt]HV

GGHH ''

,5(,72

,5(,72

HHQQ

mR

mR

 M M

Xt]HV

Xt]HV

GGHGLUHLWRHGLUHLWR 66

8%67,78726

8%67,78726

,9±(ODERUDUD

,9±(ODERUDUD OO

LVWDWUtSOLFH

LVWDWUtSOLFH

SSDUDDUDRRSUHHQSUHHQFKLPHFKLPHQWRGDVQWRGDVYDJDVYDJDVFRUUHFRUUHVSRQVSRQGHQWHGHQWHVV

DR

DR TT

XLQWR

XLQWR

UUHVHUYDGRDRVHVHUYDGRDRV DD

GYRJDGRV

GYRJDGRV

HHDRVPHPEURVGRDRVPHPEURVGR 00

LQLVWpULR3~EOLFR

LQLVWpULR3~EOLFR

9±(ODERUDUD

9±(ODERUDUD OO

LVWD

LVWD

DVDVHUHQFDPLQKDGDDR3UHVLGHQWHGD5HS~EOLFDHUHQFDPLQKDGDDR3UHVLGHQWHGD5HS~EOLFD

SDUDDQRPHDomRGH

SDUDDQRPHDomRGH DD

GYRJDGRV

GYRJDGRV

TTXHLQWHJUDUmRRXHLQWHJUDUmRR 77

5(

5(

GGRR ''

)

)

1RVWHUPRVGR

1RVWHUPRVGRDUW,,,GD&)DUW,,,GD&)

9

9,,

,QGLFDU

,QGLFDU

DDR3UHVLGHQWHGR7ULEXQDORR3UHVLGHQWHGR7ULEXQDOR PP

DJLVWUDGR

DJLVWUDGR

DVHU

DVHU SS

URPRYLGR

URPRYLGR

SSRURU DD

QWLJXLGDGH

QWLJXLGDGH

(ODERUDU

(ODERUDU OO

LVWDWUtSOLFH

LVWDWUtSOLFH

 VHPSUHTXHSRVVtYHOVHPSUHTXHSRVVtYHO

SDUDSURPRomRSRU

SDUDSURPRomRSRU PP

HUHFLPHQWR

HUHFLPHQWR

([DPLQDU

([DPLQDU

HH GG

HFLGLU

HFLGLU

RRVUHTXHULPHQWRVGHVUHTXHULPHQWRVGH UU

HPRomR

HPRomR

9,,±

9,,±

'HVLJQDU

'HVLJQDU

RRVVPHPPHPEUREURVV

GDV GDV &&

RPLVV}HV

RPLVV}HV

GGHH L L

5HJLPHQWR

5HJLPHQWR

LL LL

-XULVSUXGrQFLD

-XULVSUXGrQFLD

LLL LLL$$FRPSDFRPSDQKDPQKDPHQWRHQWR GHGH

(VWiJLR3UREDWyULR

(VWiJLR3UREDWyULR

9,,,±3URQXQFLDUVHVREUHD

9,,,±3URQXQFLDUVHVREUHD UU

HJXODULGDGH

HJXODULGDGH

GDV

GDV FF

RQWDV

RQWDV

GGRR 33

UHVLGHQWH

UHVLGHQWH

GGRR 77

ULEXQDO

ULEXQDO

,;±

,;±

$SURYDU

$SURYDU

L2

L2 5 5 

HJLPHQWR,QWHUQR

HJLPHQWR,QWHUQR

DVVLPFRPRDVDVVLPFRPRDV

UHVSHFWLYDV

UHVSHFWLYDV HH

PHQGDV

PHQGDV

HHRVRV DD

WRVUHJLPHQWDLV

WRVUHJLPHQWDLV



LL2

LL2 5 5 

HJLPHQWR$GPLQLVWUDWLYR

HJLPHQWR$GPLQLVWUDWLYR

GGDVDV 66

HFUHWDULDV

HFUHWDULDV

GGR7ULEXQDOR7ULEXQDO

LLL2

LLL2 5 5 

HJLPHQWR

HJLPHQWR

GGDD &&

RUUHJHGRULD

RUUHJHGRULD

GGD-XVWLoDD-XVWLoD

;±$SURYDUR

;±$SURYDUR 5 5 

HJLPHQWR,QWHUQR

HJLPHQWR,QWHUQR

GGDVDV 77

XUPDV

XUPDV

5 5 

HFXUVDLV

HFXUVDLV

GGRVRV

-XL]DGRV

-XL]DGRV ((

VSHFLDLV

VSHFLDLV

&&

tYHLV

tYHLV

HH&&

ULPLQDLV

ULPLQDLV

GGR')HVXDVHPHQGDVR')HVXDVHPHQGDV

;,±

;,±

(OHJHU

(OHJHU

RRVPHPEURVGRVPHPEURVGR &&

RQVHOKR(VSHFLDO

RQVHOKR(VSHFLDO

'RVPHPEURVGR&(DSHQDV

'RVPHPEURVGR&(DSHQDV

VVHUmRHUmR HH

OHLWRV

OHLWRV

DUWDUW

;,,±([HUFHUDVGHPDLVDWULEXLo}HVTXHOKHVmR

;,,±([HUFHUDVGHPDLVDWULEXLo}HVTXHOKHVmR

FRQIHULGDVSHOD&RQVWLWXLomRRXSRUOHL

FRQIHULGDVSHOD&RQVWLWXLomRRXSRUOHL

,QFOXVLYH,QFOXVLYH SS

URSRU

URSRU

DDRR

&RQJUHVVR1DFLRQDO

&RQJUHVVR1DFLRQDO

L$IL[DomRGRV L$IL[DomRGRV YY

HQFLPHQWRV

HQFLPHQWRV

GGHH VHXVPHPEURVHGRVMXt]HV VHXVPHPEURVHGRVMXt]HV LL$V

LL$V UU

HIRUPDV

HIRUPDV

HHDD

OWHUDo}HV

OWHUDo}HV

QQD/HLGH2UJDQL]DomRD/HLGH2UJDQL]DomR

-XGLFLiULDGR')HGRV7HUULWyULRV -XGLFLiULDGR')HGRV7HUULWyULRV DUW DUW

&203(7Ç1&,$6$'0,1,675$7,9$6'275,%81$/3/(12

&203(7Ç1&,$6$'0,1,675$7,9$6'275,%81$/3/(12

)OiYLD0XQGLP )OiYLD0XQGLP 0DUFHOR/HLWH 0DUFHOR/HLWH Z ZZZZZSSRRQQWWRRGGRRVVFFRRQQFFXXUUVVRRVVFFRRPPEEUU 55,,77--''))77HHPP00DDSSDDVV00HHQQWWDDLLVV $XODS $XODS

(5)

&RQVHOKR

(VSHFLDO



&

RPSRVLomR

QR

H

[HUFtFLR

GDV

I 

XQo}HV

DGPLQLVWUDWLYDV

&RQVWLWXLomR 2 &RQVHOKR(VSHFLDOpFRQVWLWXtGRSHORVVHXV GHVHPEDUJDGRUHV 3UHVLGrQFLD 6HUiSUHVLGLGRSHOR 3UHVLGHQWHGR 7ULEXQDO

4XyUXPPtQLPR SDUDUHXQLmR

2 &RQVHOKR(VSHFLDOVRPHQWHVH UHXQLUiQDSUHVHQoDGH

GHVHPEDUJDGRUHVHPQ~PHURHTXLYDOHQWHQR PtQLPR DRLQWHLURTXHVHVHJXHjPHWDGHGHVHXVPHPEURV



3URFHGLPHQWRSDUD

DSXUDomRGH I DOWD

SXQtYHOFRP SHQD GLVFLSOLQDU

6H DQWHVGRLQtFLRGDVHVVmR QmRKRXYHUTXyUXPVXILFLHQWH R 3UHVLGHQWH GHRItFLRRXDUHTXHULPHQWRGHTXDOTXHU

GHVHPEDUJDGRU FRQYRFDUiGHVHPEDUJDGRUHV HQWUHRV SUHVHQWHVQR7ULEXQDOSDUD VXEVWLWXLomRGRV DXVHQWHV

REVHUYDGDDVXSOrQFLDHDRUGHPGH DQWLJXLGDGH

H

6XVSHLomRH LPSHGLPHQWR GHLQWHJUDQWHVGR &RQVHOKR

(VSHFLDO

'HYHUmRVHU FRPXQLFDGRVSUHIHUHQFLDOPHQWH

DQWHVGD DEHUWXUDGD VHVVmRDR 3UHVLGHQWH 23UHVLGHQWHFRQYRFDUiGHVHPEDUJDGRU VXEVWLWXWR DUW



&

RPSHWrQFLD

QR H[HUFtFLR

GDV

I 

XQo}HV

DGPLQLVWUDWLYDV

,± -XOJDU HP ~OWLPDLQVWkQFLD RV UHFXUVRV

DGPLQLVWUDWLYRVFRQWUDDVGHFLV}HVGR

L3UHVLGHQWH

LL 9LFH3UHVLGHQWH

LLL 9LFH3UHVLGHQWH LY &RUUHJHGRUGD-XVWLoD

6DOYR TXDQGRGDGHFLVmRUHVXOWDU FULDomR RX DXPHQWR GH GHVSHVD RUoDPHQWiULD

,,±$SOLFDU VDQo}HVGLVFLSOLQDUHVH GHFLGLUVREUH H[RQHUDomRGLVSRQLELOLGDGH

H DSRVHQWDGRULDRX UHPRomRFRPSXOVyULDVGH PDJLVWUDGRV

,,, ± $YRFDU SDUDGHFLVmR SURFHGLPHQWRVDGPLQLVWUDWLYRVHPFXUVR QR7ULEXQDOSHOR YRWRGD PDLRULDDEVROXWDGHVHXVPHPEURV ,9± 'HVLJQDURVPHPEURVSDUDFRPSRUD&RPLVVmRGH &RQFXUVRSDUD

,QJUHVVRQD 0DJLVWUDWXUDGR7-')7 GHWHUPLQDUDUHDOL]DomRHDSURYDU RUHJXODPHQWRGRPHQFLRQDGRFRQFXUVR KRPRORJDQGRRVHX UHVXOWDGR 9± 'HFLGLURDIDVWDPHQWRGHTXDOTXHU PDJLVWUDGRGR')HGRV 7HUULWyULRV

HP PLVVmRRILFLDO SDUDDSHUIHLoRDPHQWRSURILVVLRQDO RXTXH GHTXDOTXHU PRGR LPSRUWHHP {QXVSDUDRV FRIUHVS~EOLFRV

([FHWR L$V YLDJHQVGR3UHVLGHQWHFRPRUHSUHVHQWDQWHGR 7ULEXQDOGHVGHTXH QmRH[FHGDPD GLDV QHP LPSOLTXHPDIDVWDPHQWRGR7HUULWyULR1DFLRQDO LL2V GHVORFDPHQWRVGR&RUUHJHGRUGD-XVWLoDRXGHMXL]SRU HOHGHVLJQDGRSDUDLQVSHomRHFRUUHLomRQRV7HUULWyULRV)HGHUDLV 9,± ([DPLQDU H GHIHULU VROLFLWDomRGHSHUPXWD

HQWUHMXt]HVGHGLUHLWRGR')HGRV7HUULWyULRV 9,,± $SOLFDUD SHQDOLGDGHGH SHUGDGH GHOHJDomR

DRV QRWiULRVHDRV RILFLDLVGHUHJLVWUR

9,,,± 3URSRUDR3RGHU/HJLVODWLYRR5HJLPHQWRGH &XVWDVGDV6HUYHQWLDV-XGLFLDLV HGRV6HUYLoRV1RWDULDLVHGH5HJLVWURTXHYLJHUiQR')HQRV7HUULWyULRV ,;± 'HVLJQDU VHPSHUGDGDWLWXODULGDGHHGDGHVLJQDomR DWp MXt]HV

GHGLUHLWRSDUDDVIXQo}HVGH DVVLVWHQWHVGD 3UHVLGrQFLDHDWp

 MXt]HVGHGLUHLWRSDUD DVVLVWHQWHVGD &RUUHJHGRULDGD-XVWLoD

2 &RUUHJHGRUGD-XVWLoD SRGH DVHXFULWpULR GHOHJDUDRV  MXt]HVI XQo}HV FRUUHLFLRQDLVHPRItFLRVMXGLFLDLVHQRV6HUYLoRV1RWDULDLVHGH5HJLVWURVHP SUHMXt]RGDFRPSHWrQFLDGRMXL]GD9DUDGH5HJLVWURV3~EOLFRV

;± $XWRUL]DUDGHVWUXLomRGH GRFXPHQWRVREVHUYDGDVDVFDXWHODVOHJDLV ;,± 'HFOLQDUSDUDR3OHQR PDWpULD$'0,1,675$7,9$GHJUDQGH UHOHYkQFLD

SHORYRWRGDPDLRULDSUHVHQWHDPDLRULDDEVROXWDGRVPHPEURV

;,,± (VWDEHOHFHUGLUHWUL]HVJHUDLVTXHVHUmRREVHUYDGDVSHODGLUHomRGR7ULEXQDO ;,,,± 'HOLEHUDUVREUHDFRQYRFDomRGHMXL]GHGLUHLWRSDUDVXEVWLWXLU

GHVHPEDUJDGRU QRVFDVRVGHDIDVWDPHQWRSUHYLVWRVQR5,7-')7 ;,9± (VFROKHURVPHPEURVGH7XUPD5 HFXUVDO

GRV-XL]DGRV(VSHFLDLV&tYHLVH&ULPLQDLV DUW 0DLRULDDEVROXWD



&216(/+2(63(&,$/&20326,d2(&203(7Ç1&,$$'0,1,675$7,9$6

)OiYLD0XQGLP 0DUFHOR/HLWH ZZZSRQWRGRVFRQFXUVRVFRPEU 5,7-')7 HP 0DSDV 0HQWDLV $XODS

(6)

'LVSRVLo}HV

&RPXQVDR

3OHQRH

&RQVHOKR

(VSHFLDO



6

XEVWLWXLomR

GR

3

UHVLGHQWH

HPHPEURV

$VXEVWLWXLomRGR3UHVLGHQWH GR7ULEXQDO3OHQR HGR &RQVHOKR

(VSHFLDOQRH[HUFtFLRGHVXDVI XQo}HVDGPLQLVWUDWLYDVEHPFRPR DGHVHXVPHPEURVGDUVHiVHJXQGRDUHJUDLQVFXOSLGDQRDUW

6XEVWLWXLomRQD $GPLQLVWUDomR 6XSHULRU 3UHVLGHQWH 3HOR9LFH 1DLPSRVVLELOLGDGHGR9LFH 3HOR9LFH 6XEVWLWXLomRSRU SHUtRGR ,*8$/ RX ,1)(5,25 D GLDV 2VXEVWLWXWRDFXPXOD DVIXQo}HVSUySULDVGH VHXFDUJR 6XEVWLWXLomR 683(5,25 D GLDV 1mR VHUmRGLVWULEXtGRV SURFHVVRVDRVXEVWLWXWR DUW 0HPEURV(/(,726GR &RQVHOKR(VSHFLDO 6mRVXEVWLWXtGRVSHORV VXSOHQWHV QDRUGHPGHYRWDomR DUW, 0HPEURVGR&RQVHOKR (VSHFLDOHVFROKLGRVSHOR FULWpULRGH$17,*8,'$'( 6mRVXEVWLWXtGRVGHDFRUGRFRPD RUGHP GHFUHVFHQWH GHDQWLJXLGDGH H[FOXtGRV RV VXSOHQWHV DUW,, DUW

5HXQL}HV

2UGLQiULDV

$ 3UHVLGrQFLDGR7ULEXQDOGHWHUPLQDUiPHGLDQWHDWR SUySULRDV GDWDV GHUHXQLmRGR 3OHQR HGR&RQVHOKR

(VSHFLDO SDUDH[HUFtFLRGDVIXQo}HVDGPLQLVWUDWLYDV

([WUDRUGLQiULDV

6mRFRQYRFDGDV SHOD3UHVLGrQFLD

GR7ULEXQDOVHPSUHTXHQHFHVViULR 6HUiREULJDWyULD VH UHTXHULGD SRU

GRVPHPEURVGRVUHVSHFWLYRVyUJmRV

$FRQYRFDomRGHVHVVmRH[WUDRUGLQiULDVHUiIHLWD PHGLDQWHDHQWUHJDGHRItFLR QRV JDELQHWHV GRV GHVHPEDUJDGRUHVSHORPHQRV  GLDVDQWHV GD GDWDGHVLJQDGD

DUW



3

DXWDGH

 MXOJDPHQWR

6HUi GLVWULEXtGD SUHYLDPHQWHVHPSUHTXHSRVVtYHO

(ODVHUi GLVSHQVDGDVHRUHODWRU DSUHVHQWDURSURFHVVRSDUD

 MXOJDPHQWRHPPHVDHQmR KRXYHU UHFXVDGDPDLRULD

DUW



$

WULEXLo}HV

G

R

3UHVLGHQWH

G

R

3OHQR

H&

(

Q

R

H[HUFtFLR

G

H

VXDV

XQo}HV

DGPLQLVWUDWLYDV

6mRDWULEXLo}HVGR 3UHVLGHQWH GR7ULEXQDO 3OHQRHGR&RQVHOKR (VSHFLDOQRH[HUFtFLRGDV IXQo}HVDGPLQLVWUDWLYDV QRTXHFRXEHU ,± 3UHVLGLU DV UHXQL}HV GRV UHVSHFWLYRV yUJmRVVXEPHWHQGROKHVTXHVW}HV GHRUGHP ,,± &RQYRFDUVHVV}HVH[WUDRUGLQiULDV ,,,± 0DQWHU DRUGHPQDVVHVV}HV DGRWDQGRDVSURYLGrQFLDVQHFHVViULDV ,9±3URFODPDURVUHVXOWDGRV GRV MXOJDPHQWRV DUW,D,9 DUW



9

RWR

G

R

3UHVLGHQWH

&DEHUiDR3UHVLGHQWH GR7ULEXQDO3OHQRHGR &RQVHOKR(VSHFLDO SURIHULUYRWR L'H GHVHPSDWH QRV MXOJDPHQWRV GRVUHVSHFWLYRVyUJmRV LL1RMXOJDPHQWRTXHGHSHQGHUGHTXyUXP TXDOLILFDGR SDUDDSXUDomRGRUHVXOWDGR LLL(P TXDLVTXHUHOHLo}HV RX

LQGLFDo}HVI HLWDVSHOR7ULEXQDO

DUW S~QLFR

',6326,d®(6&2081675,%81$/3/(12(&216(/+2(63(&,$/

)OiYLD0XQGLP 0DUFHOR/HLWH ZZZSRQWRGRVFRQFXUVRVFRPEU 5,7-')7 HP 0DSDV 0HQWDLV $XODS

(7)

'H PDJLVWUDGRVH VHUYLGRUHVGD-XVWLoD

$WULEXLo}HV

DGPLQLVWUDWLYDV

GR3UHVLGHQWH

GR7ULEXQDO

,± 3URYHURV FDUJRVGRV VHUYLoRVDX[LOLDUHV QDIRUPDGDOHL

,,± ([SHGLURV DWRV GH L 1RPHDomR LL ([RQHUDomR LLL 3URPRomR LY 5 HPRomR Y $FHVVR YL 'LVSRQLELOLGDGH YLL $SRVHQWDGRULD 1(35$'$

,,,±2UJDQL]DUHUHDOL]DU FRQFXUVRVS~EOLFRVSDUD SURYLPHQWR GHFDUJRGRV 6(59,'25(6GD -XVWLoDGR ')HGRV 7HUULWyULRV

,9± 1RPHDU HGDU SRVVH DRV  MXt]HV GHGLUHLWRVXEVWLWXWRV

2EVHUYDGDDRUGHPGHFODVVLILFDomRGRUHVSHFWLYRFRQFXUVR 9±%DL[DU DWRV GH GHVLJQDomRQRVFDVRVGH L3URPRomR LL5HPRomR LLL3HUPXWD

9,±5HFHEHUR SHGLGRGH DIDVWDPHQWRFRPDILQDOLGDGHGH DSHUIHLoRDPHQWR SURILVVLRQDO IRUPXODGRSRUPHPEURGR7ULEXQDOHGHWHUPLQDUDUHVSHFWLYDGLVWULEXLomRDXPUHODWRU 9,,± &HGHU GRTXDGURSUySULRHUHTXLVLWDUGHRXWURVyUJmRV VHUYLGRUHV

9,,,±,QVWDXUDU VLQGLFkQFLDRX 3$' SDUDDSXUDU I DOWDFRPHWLGD SRUVHUYLGRUHVORWDGRVQD6HFUHWDULDGR7ULEXQDO

,;±%DL[DU LQVWUXo}HVQHFHVViULDVSDUD D MXVWDU DFRQGXWD GH VHUYLGRUORWDGRQD6HFUHWDULDTXHVHMDSXQtYHOFRP DGYHUWrQFLD

;± $SOLFDUVDQo}HVGLVFLSOLQDUHV DRV VHUYLGRUHV ORWDGRVQD6HFUHWDULDGR7ULEXQDO

;,± 'HFLGLUVREUHDV TXHVW}HVDGPLQLVWUDWLYDVGH LQWHUHVVH GRV PDJLVWUDGRV HGRV VHUYLGRUHVGD-XVWLoD

5HVVDOYDGDDFRPSHWrQFLDGRVyUJmRVFROHJLDGRV

;,,± 2UJDQL]DU HPDQGDU SXEOLFDUDQXDOPHQWHDV OLVWDV GH DQWLJXLGDGHGRV PDJLVWUDGRV

;,,,± 'HFLGLU VREUH PDWpULDDGPLQLVWUDWLYDSHUWLQHQWH j

RUJDQL]DomRHI XQFLRQDPHQWRGD-XVWLoDGR')H7HUULWyULRV

3RGHQGR VXEPHWHUDR 3OHQRRXDR &RQVHOKR(VSHFLDODVPDWpULDVTXHHQWHQGHUFRQYHQLHQWHV

;,9±)D]HU SXEOLFDUQRPrVGH GH]HPEURGH FDGDDQRD UHODomRGHWRGDV DV FLUFXQVFULo}HV HYDUDV LQVWDODGDVQD-XVWLoDGR')H7HUULWyULRV

;9±3URQXQFLDUVHVREUHD UHJXODULGDGH GDV FRQWDVGHTXDLVTXHU

RUGHQDGRUHV GH GHVSHVDV LQWHJUDQWHVGD-XVWLoDGR')HGRV7HUULWyULRV

;9,±$SUHVHQWDUDR 3OHQRDQXDOPHQWHDWpGLD GHPDUoRUHODWyULRFLUFXQVWDQFLDGR GDV DWLYLGDGHVGD-XVWLoDGR')H7HUULWyULRVUHODWLYRDRDQRDQWHULRU

;9,,±

$XWRUL]DUD RFXSDomRGH HVSDoRVGR 3DOiFLRGD-XVWLoDGHVHXV

DQH[RVRXGH iUHDVSUySULDV GR7ULEXQDOQR')HQRV7HUULWyULRV

)L[DUDUHVSHFWLYD UHWULEXLomRSHFXQLiULD GHYLGDSRU RXWURVyUJmRVGHHQWLGDGHVRILFLDLV HSRU VHUYHQWLDV QmRUHPXQHUDGDVSRUyUJmRVS~EOLFRVRXSRUTXDLVTXHURXWURVVHUYLoRV

;9,,,±2XWRUJDU GHOHJDomR SDUDRH[HUFtFLRGDDWLYLGDGH QRWDULDOHGH UHJLVWUR

;,;±$SUHVHQWDUXP SODQRGHDGPLQLVWUDomRDR 3OHQR HP  GLDV FRQWDGRVGHVXD SRVVH

;;±3UDWLFDURV DWRVFXMD FRPSHWrQFLDOKHIRU GHOHJDGDSHOR 3OHQR RX SHOR &RQVHOKR(VSHFLDOQRH[HUFtFLRGDVIXQo}HV DGPLQLVWUDWLYDV

;;,±([HUFHUDVGHPDLVIXQo}HVTXHOKHVmRFRQIHULGDVQR5,7-')7 DUW

$75,%8,d®(6$'0,1,675$7,9$6'235(6,'(17('275,%81$/

)OiYLD0XQGLP 0DUFHOR/HLWH ZZZSRQWRGRVFRQFXUVRVFRPEU 5,7-')7 HP 0DSDV 0HQWDLV $XODS

(8)

5HODWDQGR

D

PDWpULD

QR 3

OHQR

REVHUYDGD

D LQVWUXomR UHODFLRQDGD

j&RUUHJHGRULD

$WULEXLo}HV

DGPLQLVWUDWLYDVGR

9LFH3UHVLGHQWH

,±

6XEVWLWXLU

R

3

UHVLGHQWH

H

PVXDV I 

DOWDV

R

X L

PSHGLPHQWRV

,,±'DU S

RVVH

D

RVVHUYLGRUHV

L'RTXDGURGR7ULEXQDO

LL$RVLQYHVWLGRVHPFDUJRHPFRPLVVmR

,,,±

3UHVLGLU

D

&

RPLVVmRGH&RQFXUVR

S

DUD

,QJUHVVRQD 0

DJLVWUDWXUD

G

R')H7HUULWyULRV

,9±&RQFHGHU I 

pULDV

H

O

LFHQoDV

D

RV P

DJLVWUDGRV

9±

'HVLJQDU

 M

XL]

G

HGLUHLWR V

XEVWLWXWR

H

 M

XL]

G

HGLUHLWRGRV

7HUULWyULRV

SDUDH[HUFHUHPDV I 

XQo}HV

D

HOHVFRQIHULGDVHPOHL

9,±&RQGX]LU RV

SURFHGLPHQWRVGH

L

5HPRomR

G

H

 MXt]HV

G

HGLUHLWR

LL

3URPRomR

G

H

 MXt]HV

G

H

G

LUHLWR

VXEVWLWXWRV

9,,±

&RRUGHQDU

D

SROtWLFDGH J

HVWmRGRFXPHQWDO

G

R7ULEXQDO

9,,,±

&RRUGHQDU

D

SROtWLFDGH G

HVHQYROYLPHQWR

H

GH D

SHUIHLoRDPHQWR

 MXULVSUXGHQFLDO

H

GH E

LEOLRWHFRQRPLD

G

R7ULEXQDO

,;±

(GLWDU

L

QVWUXomRQRUPDWLYDTXH U

HJXODPHQWH

D G

LVWULEXLomR

G

RVSURFHVVRV

;±

&RRUGHQDU

H

Q

RUPDWL]DU

R

XQFLRQDPHQWR

G

RV y

UJmRV

T

XH

LQWHJUDPDHVWUXWXUDRUJDQL]DFLRQDOGD 

9LFH3UHVLGrQFLD

;,± ([HUFHU T

XDLVTXHU

G

DV D

WULEXLo}HV

G

R

3UHVLGHQWH

T

XHOKHIRUHP G

HOHJDGDV

$ G

HOHJDomR

G

HFRPSHWrQFLDpIHLWDSRU D

WR

GR 3

UHVLGHQWH



GH &

2080$&25'2

F

RPR

9LFH3UHVLGHQWH

TXHWDPEpPRVXEVFUHYHUi

;,,±

([HUFHU

D

V GHPDLV IXQo}HV DWULEXtGDV

QR5,7-')7HTXHOKHIRUHP G

HOHJDGDV

DUW

$75,%8,d®(6$'0,1,675$7,9$6'29,&(35(6,'(17(

)OiYLD0XQGLP 0DUFHOR/HLWH ZZZSRQWRGRVFRQFXUVRVFRPEU 5,7-')7 HP 0DSDV 0HQWDLV $XODS

(9)

'HFRQIOLWRVGH

LQWHUHVVHV QD

-XVWLoDGR')

$WULEXLo}HV

DGPLQLVWUDWLYDVGR

9LFH3UHVLGHQWH

,±

6XEVWLWXLU

R

3

UHVLGHQWH

GR7ULEXQDO

H

PVXDV

L)pULDV

LL$IDVWDPHQWRV

LLL$XVrQFLDV

LY,PSHGLPHQWRVHYHQWXDLV

&DVR

R



9

LFH3UHVLGHQWH

HVWHMD

L

PSRVVLELOLWDGR

G

HID]rOR

,,±

&RRUGHQDU

D

SROtWLFD

G

H

L

0HGLDomR

LL

&RQFLOLDomR

LLL

6ROXo}HV

DOWHUQDWLYDV

,,,±

3UHVLGLU

D

&

RPLVVmR

3

HUPDQHQWH

G

H$SRLRDR

&

RQFXUVR

GH6HUYLGRUHV HGH6HUYLoRVGH1RWDVHGH5HJLVWUR

,9±

&RRUGHQDU

H

Q

RUPDWL]DU

R

XQFLRQDPHQWR

G

RV

y

UJmRV

T

XH

LQWHJUDPDHVWUXWXUDRUJDQL]DFLRQDOGD

9LFH3UHVLGrQFLD

9±([HUFHU

T

XDLVTXHU

G

DV

D

WULEXLo}HV

G

R

3

UHVLGHQWH

SUHYLVWDVHPOHLRXQR5,7-')7TXHOKHIRUHP

G

HOHJDGDV

$

G

HOHJDomR

G

HFRPSHWrQFLDpIHLWDSRU

D

WR

GR

3

UHVLGHQWHG

H

&

2080$&25'2

F

RPR

9LFH3UHVLGHQWH

TXHWDPEpPRVXEVFUHYHUi

DUW$

$75,%8,d®(6$'0,1,675$7,9$6'29,&(35(6,'(17(

)OiYLD0XQGLP 0DUFHOR/HLWH ZZZSRQWRGRVFRQFXUVRVFRPEU 5,7-')7 HP 0DSDV 0HQWDLV $XODS

(10)

$WULEXLo}HV

DGPLQLVWUDWLYDV

GR&RUUHJHGRU

,± 5HDOL]DULQVSHo}HV HFRUUHLo}HV QRVVHUYLoRV MXGLFLDLV HH[WUDMXGLFLDLV GR') HGRV7HUULWyULRVH]HODUSHODUDSLGH]TXDOLGDGHHHILFLrQFLDGRVVHUYLoRV

,,± 5HDOL]DUDQXDOPHQWHLQVSHo}HV HFRUUHLo}HV QRVOLYURVGRVWDEHOLmHV HGRVRILFLDLV GH UHJLVWUR GHLPyYHLV GRV7HUULWyULRVFRPRLQWXLWRGHYHULILFDURFXPSULPHQWRGRGLVSRVWRQD/HL

(VVDDWULEXLomRSRGHVHUGHOHJDGDD MXL]GHGLUHLWR

,,,±([SHGLUSURYLPHQWRVSRUWDULDV HLQVWUXo}HV QHFHVViULRVDRERPIXQFLRQDPHQWR GRVVHUYLoRVGD-XVWLoDGH*UDX HGRV6HUYLoRV1RWDULDLV HGH5HJLVWURVQR')

(VVDDWULEXLomRSRGHVHUGHOHJDGD DR6HFUHWiULR*HUDO GD&RUUHJHGRULD GD-XVWLoD

,9± %DL[DUDVLQVWUXo}HV QHFHVViULDVSDUDRVHUYLoRGHGLVWULEXLomR GHIHLWRVQR*UDX GH-XULVGLomR

'HVLJQDUR MXL]GHGLUHLWRVXEVWLWXWRUHVSRQViYHOSHODGLVWULEXLomRGD&LUFXQVFULomR-XGLFLiULDGH%UDVtOLD 9±3URSRUDR3OHQR DDSURYDomR GDHVWUXWXUDDGPLQLVWUDWLYD GD

6HFUHWDULDGD&RUUHJHGRULDGD-XVWLoDHGDVVXDVDWULEXLo}HV

9,± )LVFDOL]DURSURFHGLPHQWRIXQFLRQDOGRVPDJLVWUDGRVGH*UDX GHRItFLRRXPHGLDQWHUHFODPDomR 3URSRU DR&RQVHOKR(VSHFLDO VHIRURFDVRDLQVWDXUDomRGHSURFHVVRDGPLQLVWUDWLYR

9,,± 3UHVLGLULQTXpULWR GHVWLQDGRjDSXUDomRGHLQIUDomRSHQDOSUDWLFDGDSRU MXL] 9,,,± 5HFHEHU HLQVWUXLU RSHGLGRGHDIDVWDPHQWR SDUD DSHUIHLoRDPHQWR SURILVVLRQDO

GHPDJLVWUDGR GH *UDXHVXEPHWrORDR&RQVHOKR(VSHFLDO

,;± 'HVLJQDU RV MXt]HVGLUHWRUHV GRVIyUXQVGDVFLUFXQVFULo}HVGR')HI L[DUOKHV DVDWULEXLo}HV

;± )LVFDOL]DU DDWLYLGDGHGRV MXt]HVGHSD]HI L[DUDLPSRUWkQFLDTXHVHUiUHFHELGDSDUDDFHOHEUDomRGHFDVDPHQWR 2EVHUYDGRR 5HJLPHQWRGH &XVWDVGDV6HUYHQWLDV-XGLFLDLVHGRV

6HUYLoRV1RWDULDLVHGH5HJLVWURTXHYLJHUiQR')HQRV7HUULWyULRV

;,± %DL[DURVDWRVGHGHVLJQDomRRXGHVXEVWLWXLomRGRVWDEHOLmHVHGRV RILFLDLVGHUHJLVWURSDUD UHVSRQGHUHPFRPRLQWHULQRVRX LQWHUYHQWRUHVQDYDFkQFLDRXDIDVWDPHQWRFRPSXOVyULRGRWLWXODU

;,,± ,QGLFDUj

QRPHDomR

L 'LUHWRUGH6HFUHWDULD QRFDVRGHYDFkQFLDGRWLWXODUGDYDUD

HGHVLJQDUVHUYLGRUSDUDVXEVWLWXtORHPVHXVLPSHGLPHQWRV

LL2V&RQWDGRUHV3DUWLGRUHV LLL2V'LVWULEXLGRUHV

LY2V'HSRVLWiULRV 3~EOLFRV

2&RUUHJHGRUSRGHGHVLJQDUXPGRV

'HSRVLWiULRV3~EOLFRVQRPHDGRVSDUDVHUYLU

FRPR&RRUGHQDGRUGRV'HSyVLWRV3~EOLFRV

;,,,± 5HJXODUDVDWLYLGDGHVGRV&RQWDGRUHV3DUWLGRUHV'LVWULEXLGRUHVH'HSRVLWiULR 3~EOLFRGLVSRQGRHVSHFLDOPHQWHVREUHDVI RUPDVGHFRQWUROHGRVEHQVHPGHSyVLWR

;,9± 'HWHUPLQDURQ~PHURGHVHUYLGRUHVFRPI pS~EOLFDSDUDFDGDRItFLRMXGLFLDO

;9± 'HFLGLUVREUHDVTXHVW}HVDGPLQLVWUDWLYDVUHODWLYDVDRV VHUYLGRUHVORWDGRVQD6HFUHWDULDGD&RUUHJHGRULDGD-XVWLoD

5HVVDOYDGDDFRPSHWrQFLD

GRVyUJmRVFROHJLDGRV ;9,±,QVWDXUDUVLQGLFkQFLDRX3$'SDUDDSXUDUI DOWD FRPHWLGDSRUVHUYLGRUHVORWDGRVQD

6HFUHWDULDGD&RUUHJHGRULDGD-XVWLoDEHPFRPRSRUWDEHOLmHVHRILFLDLVGHUHJLVWUR

LPSRQGROKHVQROLPLWHGHVXDFRPSHWrQFLDDVSHQDOLGDGHVFDEtYHLV

;9,,± ([DPLQDUHGHFLGLUVREUHRVUHFXUVRVDGPLQLVWUDWLYRVUHODWLYRVDVDQo}HVGLVFLSOLQDUHV DSOLFDGDVSHORVPDJLVWUDGRV DRVVHUYLGRUHVTXHOKHVVHMDPVXERUGLQDGRV

;9,,,%DL[DULQVWUXo}HVQHFHVViULDVSDUDDSOLFDomRGHDMXVWDPHQWRGHFRQGXWDDVHUYLGRUHVORWDGRV

QRVRItFLRVMXGLFLDLVH[WUDMXGLFLDLVH QD6HFUHWDULDGD&RUUHJHGRULDGD -XVWLoDDTXHPVHSRVVD DWULEXLULQIUDomRGLVFLSOLQDUSXQtYHOFRPDGYHUWrQFLDRXFRQVLGHUDGDGHOHVLYLGDGHPtQLPD ;,;± ([HUFHUDVGHPDLVIXQo}HV TXHOKHVmR DWULEXtGDVQR5,7-')7

HSUDWLFDURVDWRV FXMDFRPSHWrQFLDOKHVHMD GHOHJDGD 3RGHPVHU

GHOHJDGDVD MXt]HV

,$V LQVSHo}HVHFRUUHLo}HVQRVVHUYLoRV MXGLFLDLVHH[WUDMXGLFLDLV

,,$SUHVLGrQFLD GH3$'V

6$/92DGHSURFHVVRVTXHDSXUHPSUiWLFDGHLQIUDomR

SHQDODWULEXtGDDPDJLVWUDGRRXD MXL]GHSD] $LQVSHomR QRV7HUULWyULRV)HGHUDLVVHUiIHLWDSHVVRDOPHQWHSHOR

&RUUHJHGRUGD-XVWLoDFRPRDX[tOLRGH MXL]GHGLUHLWRSRUHOHFRQYRFDGR

(VVDLQVSHomRDEUDQJHUiQRPtQLPRPHWDGHGDV FLUFXQVFULo}HVH[LVWHQWHVQR7HUULWyULRHPFDGDDQR 'HVVDIRUPDQRILQDOGRELrQLRWRGDVDV FLUFXQVFULo}HVGHYHPWHUVLGRLQVSHFLRQDGDV DUW  

$75,%8,d®(6$'0,1,675$7,9$6'2&255(*('25 

)OiYLD0XQGLP 0DUFHOR/HLWH ZZZSRQWRGRVFRQFXUVRVFRPEU 5,7-')7 HP 0DSDV 0HQWDLV $XODS

(11)

4XDOTXHUXPGRV VHUmR VXEVWLWXtGRV SHORV GHPDLV PHPEURV REVHUYDGDDRUGHP GHFUHVFHQWH GH $17,*8,'$'( 5HFDLUiQRV GHVHPEDUJDGRUHV PDLVDQWLJRVTXHQmR HVWHMDPLPSHGLGRV GH RFXSDUHVVHVFDUJRV

(OHLo}HV



(

OHLomR

S

DUD

RVFDUJRV

GHGLUHomR

ÏUJmR FRPSHWHQWH

$V HOHLo}HVSDUDRVFDUJRVGHGLUHomRGR

7-')7 VHUmRUHDOL]DGDVSHOR7ULEXQDO3OHQR

PHGLDQWHFRQYRFDomRGR3UHVLGHQWH

'DWDGDV HOHLo}HV

2FRUUHUmRHP I HYHUHLUR GR DQR HPTXH

ILQGDURPDQGDWR GRVDQWHFHVVRUHV (DUHJUDGHWUDQVLomRSRGHUiVHU GLVFLSOLQDGDHPDWRUHJLPHQWDO 9DFkQFLD QRFXUVRGR PDQGDWR +DYHQGR YDFkQFLDQR FXUVR GR PDQGDWR GHDOJXPGRVFDUJRVGHGLUHomRHVHQGR

QHFHVViULR VHSURFHGHUD QRYDHOHLomR

2 3UHVLGHQWHDFRQYRFDUiSDUD XPGRV GLDVVHJXLQWHV  6$/92 VHIDOWDUHP0(126 GH 0(6(6 SDUDR 7e50,12 GRPDQGDWR &DVRIDOWHPHQRV GHPHVHVD VXEVWLWXLomR VHUiIHLWDGD VHJXLQWHIRUPD 3UHVLGrQFLD 6HUiH[HUFLGDSHOR9LFH 9LFH 3UHVLGrQFLD 9LFH 3UHVLGrQFLD &RUUHJHGRULD DUW 9DFkQFLDSRU DSRVHQWDGRULD FRPSXOVyULD 6XUJLQGRYDJDGHDOJXPFDUJRGHGLUHomRSRU DSRVHQWDGRULDFRPSXOVyULDGRUHVSHFWLYRWLWXODU $HOHLomRVHUiUHDOL]DGDGHQWURGRVGLDV TXHDQWHFHGHUHPVXDRFRUUrQFLD  &DQGLGDWRV $HOHLomR L'R3UHVLGHQWH LL'R9LFH LLL'R9LFH

LY'R &RUUHJHGRU

DUW DUWV

,PSHGLPHQWRV

$WpTXHVHHVJRWHPWRGRVRVQRPHV QmR ILJXUDUi HQWUHRVHOHJtYHLV SDUDTXDOTXHURXWURFDUJRR GHVHPEDUJDGRUTXHKRXYHUVLGR , 3UHVLGHQWH 6$/92 VHHVWLYHU FRPSOHWDQGRPDQGDWRSRU SHUtRGRLQIHULRUDDQR ,, 9LFH9LFHH&RUUHJHGRU SRUXPSHUtRGRWRWDOGH  DQRV

5HHOHLomR 1mRVHDGPLWLUiUHHOHLomR SDUDR PHVPRFDUJR

DUW



&

RQVXOWD

LQLFLDO

$QWHVGHVHSURFHGHUjYRWDomRR 3UHVLGHQWHFRQVXOWDUiRV

GHVHPEDUJDGRUHV HOHJtYHLV VREUHD FRQFRUGkQFLD GHHYHQWXDOLQGLFDomR

5HFXVD

27ULEXQDOSRGHUi QmRDFHLWDUDUHFXVDSHOR YRWRGDPDLRULDDEVROXWDGHVHXVPHPEURV

(PQHQKXPFDVR DUHFXVDVHUiDFHLWD$3Ï6 DHOHLomR

$UHFXVDDFHLWDQmRSUHMXGLFDUi SDUDHIHLWRVGDHOHLomR SDUDFDUJRGHGLUHomRGR75(')DFRORFDomRGR GHVHPEDUJDGRUQDOLVWDGHDQWLJXLGDGH 2XVHMDSRGHUiFRQFRUUHUjYDJDGR 75(')PHVPR WHQGRUHFXVDGRRFDUJRGHGLUHomRGR7-')7  DUW &DUJRVGHGLUHomR $GPLQLVWUDomRVXSHULRU 3UHVLGHQWH 9LFH 9LFH &RUUHJHGRU 

352&(',0(1726$'0,1,675$7,926(/(,d®(6,

)OiYLD0XQGLP 0DUFHOR/HLWH ZZZSRQWRGRVFRQFXUVRVFRPEU 5,7-')7 HP 0DSDV 0HQWDLV $XODS

(12)

(OHLo}HV



(

OHLomR

S

DUD

FRPSRVLomR

GR75(')

275(HOHJHUiVHX

3UHVLGHQWHH9LFH3UHVLGHQWH

GHQWUHRV

GHVHPEDUJDGRUHV&)DUW

(OHLomRGH

GHVHPEDUJDGRUR

XGH

 MXL]

SDUDFRPSRUR75(

6HUiUHDOL]DGDQRV

GLDVSRVWHULRUHV

DRUHFHELPHQWRGR

RItFLR T

XHFRPXQLTXH

R

WpUPLQRG

R

PDQGDWR

6HUmR

LQHOHJtYHLV

,2

3UHVLGHQWH

,,2

9LFH3UHVLGHQWH

,,,2

9LFH3UHVLGHQWH

,92

&RUUHJHGRU  (OHJtYHLV 'HVHPEDUJDGRUHV

6HUmR

HOHJtYHLV R

V

GHVHPEDUJDGRUHV

QmRLPSHGLGRV ([FHWR D

TXHOHVTXH

DQWHV G

D

YRWDomR

PDQLIHVWDUHP

REMHomR

)DUVHiDHVFROKDREVHUYDQGRVH

D

RUGHPGHDQWLJXLGDGH

-Xt]HV

(QWUHRV

 MXt]HV

VHUmR

HOHJtYHLVR

VLQWHJUDQWHVGD

SULPHLUD TXLQWDSDUWH G

DOLVWDGHDQWLJXLGDGH

H DUW

3URFHGLPHQWRV

4XyUXP PtQLPR

2

TXyUXPPtQLPRG

HGHOLEHUDomRGR

7ULEXQDO

3OHQRp

GH

 G

RVGHVHPEDUJDGRUHV

(OHLWR

6HUiFRQVLGHUDGR

HOHLWR T

XHPREWLYHUSHOR

PHQRV

PHWDGHPDLVXPG

RVYRWRV

6HLVVR

QmR R

FRUUHUSURFHGHUVHiD

VHJXQGRHVFUXWtQLR  2UGHPGD HOHLomR

6H

WRGRV R

V

FDUJRVG

H

GLUHomRHVWLYHUHP

YDJRV

HOHJHUVHiQHVWDRUGHP



2

3UHVLGHQWH 

2

9LFH3UHVLGHQWH 

2

9LFH3UHVLGHQWH



2

&RUUHJHGRUG

D-XVWLoD



6HJXQGR HVFUXWtQLR

6H

QmRI 

RU

DOFDQoDGRR

Q~PHURGH

YRWRV

PHWDGH

PDLVXPSURFHGHUVHiD

VHJXQGRHVFUXWtQLR

6H

QmRD

OFDQoDGR

QRYDPHQWHR

TXyUXP

3URFHGHUVHiD

WHUFHLUR HVFUXWtQLR

6yFRQFRUUHUmRRV

 PDLVYRWDGRV  7HUFHLUR HVFUXWtQLR

(P

WHUFHLURHVFUXWtQLRV

ySRGHUmRVHUYRWDGRV

RV

T

XHREWLYHUHP

PDLRUQ~PHURG

HVXIUiJLRV

6HRVDOFDQoDUHPD

PHVPD YRWDomR Q

RVHJXQGRHVFUXWtQLR

2

PDLVPRGHUQR

VHUi

H[FOXtGR (PSDWH

&RQVLGHUDUVHi

HOHLWR RPDLVDQWLJR  DUW 3DUDDHOHLomR GRVFDUJRVGH GLUHomRGR7-')7

352&(',0(1726$'0,1,675$7,926(/(,d®(6,,

)OiYLD0XQGLP 0DUFHOR/HLWH ZZZSRQWRGRVFRQFXUVRVFRPEU 5,7-')7 HP 0DSDV 0HQWDLV $XODS

(13)

,QGLFDomRGH

DGYRJDGRVH

GHPHPEURV

GR03



9

DJDV

GHVWLQDGDV

DR

T

XLQWR

FRQVWLWXFLRQDO

/LVWD Vr[WXSOD

6HRFRUUHUYDJD QR7-')7 SDUDVHU SURYLGD

SRUPHPEURGR03')7RXSRU DGYRJDGR

23UHVLGHQWHVROLFLWDUiDR3*-')7HDR3UHVLGHQWHGD 2$%')DUHVSHFWLYDOLVWDVr[WXSODGRVLQGLFDGRV 1RFDVRUHODWLYRDR03 FRQVWDUmRWDPEpPGDOLVWD ,2V FDUJRV TXHRFXSDP( ,,$UHVSHFWLYDDQWLJXLGDGH QDFDUUHLUD /LVWDWULSOLFH

27ULEXQDO3OHQR HODERUDUiDOLVWDWUtSOLFH

3DUDDHODERUDomRGDOLVWDSHOR7ULEXQDO3OHQR FDGDGHVHPEDUJDGRUYRWDUiHPQRPHV  ,QGLFDGRV &RQVLGHUDPVHLQGLFDGRVRVPDLVYRWDGRV GHVGHTXH WHQKDP REWLGRSHORPHQRVPHWDGH GRVYRWRVGHVHXVLQWHJUDQWHV 6HJXQGR HVFUXWtQLR 6HIRUQHFHVViULRVHJXQGRHVFUXWtQLRDHOHFRQFRUUHUmR RV PDLVYRWDGRVHHPP~PHURFRUUHVSRQGHQWHDR GREURGRVOXJDUHVSRUSUHHQFKHU ([FOXLVH HPFDVRGHHPSDWHRV PDLVPRGHUQRV  (VFUXWtQLRV VHJXLQWHV 1RV HVFUXWtQLRV VHJXLQWHV REVHUYDUVHiDUHJUDGRWySLFRDQWHULRU 6HQHQKXPDOFDQoDU PHWDGHGRVYRWRV

6HUiH[FOXtGRRTXHWLYHUREWLGR

PHQRUQ~PHURGH VXIUiJLRV

6HKRXYHU HPSDWH 6HUiH[FOXtGRRPDLVPRGHUQR

 'RLVQRPHV UHVWDQWHV 5HVWDQGRDSHQDVQRPHVWHUVHiSRULQGLFDGR RTXHREWLYHUPDLRUQ~PHURGHYRWRV (PFDVRGH HPSDWHR PDLVDQWLJR  DUW



/

LVWD

G

H

DGYRJDGRV

SDUDR75(

$HODERUDomRGHOLVWD GHDGYRJDGRV LQGLFDGRVSDUD

R75(REHGHFHUiDRGLVSRVWRQRWySLFRDQWHULRU (QWHQGHUVHiSRU PDLVPRGHUQR 2DGYRJDGRGHLQVFULomRPDLVUHFHQWHQD2$% DUW 4XLQWR FRQVWLWXFLRQDO GRVOXJDUHVGRV 75)VGRV 7ULEXQDLVGRV (VWDGRVHGR ') H7HUULWyULRV VHUiFRPSRVWRGH ,0HPEURVGR0LQLVWpULR3~EOLFR FRPPDLVGHDQRVGHFDUUHLUD ,, $GYRJDGRV GHQRWyULRVDEHUMXUtGLFRHGH UHSXWDomRLOLEDGDFRPPDLVGHDQRVGH HIHWLYDDWLYLGDGHSURILVVLRQDO 6mRLQGLFDGRVHPOLVWDVr[WXSODSHORVyUJmRV GHUHSUHVHQWDomRGDVUHVSHFWLYDVFODVVHV 7-')7 GHVHPEDUJDGRUHV GH YDJDV SDUDPHPEURVGR03

YDJDV SDUDDGYRJDGRV

&)DUW 0DLRULDDEVROXWD

352&(',0(1726$'0,1,675$7,926 

,1',&$d2'($'92*$'26('(0(0%526'203

)OiYLD0XQGLP 0DUFHOR/HLWH ZZZSRQWRGRVFRQFXUVRVFRPEU 5,7-')7 HP 0DSDV 0HQWDLV $XODS

(14)

6HUi

Ò1,&2

1RPHDomR

3URYLPHQWR

2

S

URYLPHQWR

G

RVFDUJRVGH

-

8,=

G

HGLUHLWR

VXEVWLWXWR

G

R

'

)

H-

8,=

G

HGLUHLWRGRV

7

HUULWyULRV

&RQGLFLRQDVHj

D

SURYDomR

H

P

F

RQFXUVRS~EOLFR

1RVWHUPRVGH5HJXODPHQWRDSURYDGR

SHOR&RQVHOKR(VSHFLDOREHGHFLGRVRV

UHTXLVLWRVHVSHFLILFDGRVHPOHL

DUW

&RQFXUVR

&RQFXUVR

~QLFR

2FRQFXUVRSDUD

SURYLPHQWRGRV

FDUJRVLQLFLDLVGH

, -XL]

G

H

GLUHLWR

VXEVWLWXWR

GR

'

)

(

,, -XL]

G

H

GLUHLWR

G

RV

7HUULWyULRV

e

DFXOWDGR

D

RVFDQGLGDWRVDSURYDGRV

QD

R

UGHPGHFODVVLILFDomR

RGLUHLWR

GH

R

SomR

S

RUXPRXRXWURFDUJR

DUW

5HTXLVLWRV

SDUD

UHDOL]DomR

2

&

RQVHOKR(VSHFLDO

GHWHUPLQDUiD

UHDOL]DomR

G

H

FRQFXUVR

G

HVGHTXH

,+DMD

P

DLV

G

H

YDJDV

S

DUD

VHUHPSURYLGDV(

,, 1mRH[LVWDP

FDQGLGDWRV

K

DELOLWDGRV

HPQ~PHURVXILFLHQWH

DUW

2

&

RQVHOKR(VSHFLDO

S

RGHUi GHWHUPLQDU

DUHDOL]DomRGH

F

RQFXUVR

D

SHQDV

S

DUDR

SURYLPHQWRGHFDUJRGH

 M

XL]

G

HGLUHLWR

GRV

7

HUULWyULRV

DUWS~QLFR

&DEHUiD

&

RPLVVmR

GH

&

RQFXUVR

S

DUD

,QJUHVVR

Q

D

0DJLVWUDWXUD

,(ODERUDUD

O

LVWD

G

RV

S

RQWRV

TXHVHUmR

R

EMHWR

G

HH[DPH

,,'HFLGLUVREUHRVSHGLGRVGH

L

QVFULomR

,,,5HDOL]DUDV

S

URYDV

H

DWULEXLUOKHV

Q

RWDV

DUW

)RUPDVGH

3529,0(172

GRVFDUJRVQDPDJLVWUDWXUD

1RPHDomR

5HPRomR

3URPRomR

$FHVVR

3HUPXWD

352&(',0(1726$'0,1,675$7,926 

3529,0(172'26&$5*261$0$*,675$785$'(&$55(,5$ 

120($d2

)OiYLD0XQGLP 0DUFHOR/HLWH ZZZSRQWRGRVFRQFXUVRVFRPEU 5,7-')7 HP 0DSDV 0HQWDLV $XODS

(15)

'HVGHTXHYHULILFDGD D YDFkQFLD GHFDUJRGH  MXL]GHGLUHLWRGR') 6HUmR UHDOL]DGDV QD RUGHP GH YDFkQFLD

5HPRomR

3URPRomRH

$FHVVR

'LVSRVLo}HV

JHUDLV



1

Ro}HV

JHUDLV

6HUmR UHDOL]DGDVDV L 5HPRo}HVGRV  MXt]HVGHGLUHLWR28 LL 3URPRo}HV GRV MXt]HV GHGLUHLWR VXEVWLWXWRV

'HYHUmR VHUREVHUYDGDVDV GLVSRVLo}HVFRQWLGDVQD &)QD/HL2UJkQLFDGD0DJLVWUDWXUD1DFLRQDOHQD /HLGH2UJDQL]DomR-XGLFLiULDGR')H7HUULWyULRV DUW



3

UHHQFKLPHQWR

GRV

F

DUJRV

G

H

 MXL]

G

H

G

LUHLWR

&LUFXQVFULo}HV  MXGLFLiULDVGR') )DUVHi PHGLDQWH , 5HPRomRDSHGLGR GHMXt]HVGHGLUHLWR ( ,, 3URPRomR GHMXt]HVGH GLUHLWRVXEVWLWXWRVGR')  &LUFXQVFULomR -XGLFLiULDGH %UDVtOLD 6HUmR SURYLGRV SRU , 5HPRomRGRVMXt]HVGHGLUHLWR GR')HGRV7HUULWyULRV 28 5HVHUYDGRDRVGRV 7HUULWyULRVGDVYDJDV ,, 3URPRomR GH MXt]HV GHGLUHLWRVXEVWLWXWRV &DVR UHPDQHVoDYDJD QmR SURYLGDSRU UHPRomR  DUW 2MXL] SRGHUi VHU UHPRYLGR RX SURPRYLGR 6RPHQWH DSyV DQRVGHH[HUFtFLRQDFODVVH 6$/92 VH , 1mRKRXYHU FRPHVVHUHTXLVLWR TXHP DFHLWHROXJDUYDJR28 ,,2VPHPEURVGR3OHQR UHFXVDUHP SRU PDLRULDDEVROXWDWRGRVRVLQGLFDGRV 



9

DFkQFLD

QRo}HV

JHUDLV

$V LQGLFDo}HV HDV OLVWDV SDUD , 5HPRomRHSDUD SURPRomRDRV FDUJRV GHMXL]GHGLUHLWRGR') ,, 5HPRomRQRV7HUULWyULRV &RQVLGHUDUVHi FRPR GDWDGH DEHUWXUDGDYDJDD ,±'D FULDomR GR FDUJR ,,±'D SXEOLFDomR GRDWRGH L$SRVHQWDGRULD LL ([RQHUDomR LLL 3HUGDGRFDUJR LY 5HPRomR FRPSXOVyULD28 Y 'HFUHWDomR GH GLVSRQLELOLGDGH ,,,± 'DWDHPTXHRPDJLVWUDGR SURPRYLGR DVVXPLURFDUJR ,9±'R I DOHFLPHQWR GRPDJLVWUDGR



&RLQFLGrQFLDQD GDWDGDYDFkQFLD

$ RUGHPGHLQGLFDomRILFDUiD FULWpULRGR 7ULEXQDO



5 HPRomR DSHGLGR

$RVHYHULILFDUD UHPRomRDSHGLGR

&RQVLGHUDUVHiSDUDHIHLWRGH YDFkQFLD D GDWDHP TXHIRL DEHUWD DYDJDSURYLGDPHGLDQWH UHPRomR

 DUW

352&(',0(1726$'0,1,675$7,926 

3529,0(172'26&$5*261$0$*,675$785$'(&$55(,5$ 

5(02d235202d2($&(662',6326,d®(6*(5$,6,

)OiYLD0XQGLP 0DUFHOR/HLWH ZZZSRQWRGRVFRQFXUVRVFRPEU 5,7-')7 HP 0DSDV 0HQWDLV $XODS

(16)

5HPRomR

3URPRomRH

$FHVVR

'LVSRVLo}HV

JHUDLV



3

URYLPHQWR

QR

F

DUJR

GH

M

XL]

GH

G

LUHLWR

9DFkQFLDQRFDUJR GHMXL]GHGLUHLWR 2 3UHVLGHQWHGR7ULEXQDO HP GLDVGHFODUDUiD UHVSHFWLYD YDFkQFLD SRUPHLRGHSXEOLFDomRQR'-( 3URYLPHQWR PHGLDQWH5 (02d2

2V LQWHUHVVDGRVGHYHUmRUHTXHUHU LQVFULomR HP GLDV FRQWDGRVGD SXEOLFDomRGDGHFODUDomRGH YDFkQFLD  3URYLPHQWR PHGLDQWH 35202d2 6HUmRFRQVLGHUDGRV LQVFULWRVWRGRVRV  MXt]HVGH GLUHLWR 68%67,78726 TXH ,7HQKDPPDLVGH  DQRV GH H[HUFtFLR QD FODVVH ,,,QWHJUHPD SULPHLUDTXLQWD SDUWHGDOLVWDGH DQWLJXLGDGH 5HFXVD &DEHDRVTXHDUHFXVDUHPVH PDQLIHVWDU DWpR LQtFLRGD YRWDomR  9DJDQRV7HUULWyULRVRXQR')DVHU SURYLGDSRUMXL]GHGLUHLWRGRV 7HUULWyULRV )DUVHiLPHGLDWD FRPXQLFDomRDRVLQWHUHVVDGRV 

2V SURYLPHQWRVYLQFXODPVHD DWR GR 3UHVLGHQWH GR7ULEXQDO

 DUW



$

YDOLDomR

GD FRQGXWD

IXQFLRQDO

GRV

M

X

t

]HV

FDQGLGDWRV

(QFHUUDGRRSUD]RGH LQVFULomRRXGHUHFXVDV

2 &RUUHJHGRUDSUHVHQWDUi 5 (/$7Ï5,2 SUHVWDQGR

LQIRUPDo}HV VREUHRVIDWRVTXHSRVVDPVHU ~WHLVj DYDOLDomRGD FRQGXWDIXQFLRQDO GRVMXt]HV 2 UHODWyULR GR&RUUHJHGRU FRQWHUi ,±2 Q~PHURGH 6HQWHQoDV SURIHULGDVDQXDOPHQWH 3URFHVVRVGLVWULEXtGRV jUHVSHFWLYDYDUD 1RFDVRGHRMXL]HVWDURXGHWHUVLGR FRQYRFDGR QR~OWLPRDQRRQ~PHURGH SURFHVVRVUHFHELGRVHRGH YRWRVSURIHULGRV ,,±2VFDVRVHPTXHRMXL] H[FHGHXRV SUD]RVOHJDLV HVSHFLILFDGRVRWHPSRHDMXVWLILFDWLYDGRH[FHVVR ,,,±2V HORJLRVUHFHELGRV ,9±$V SHQDOLGDGHV LPSRVWDV 9±2UHVXOWDGRDOFDQoDGRHP FXUVRVGH DSHUIHLoRDPHQWRHTXDLVTXHU WtWXORVREWLGRV

9,±$V REVHUYDo}HV I RUPXODGDVSRU GHVHPEDUJDGRUHV HPDFyUGmRVUHPHWLGRVj&RUUHJHGRULDSDUDDV SURYLGrQFLDVQHFHVViULDV

$ &RUUHJHGRULDHQYLDUiD

FDGDGHVHPEDUJDGRU HPDWp KVDQWHV GD HODERUDomR GD OLVWDSDUD UHPRomRRX SURPRomR 5HVXPR GRTXH FRQVWDUGRV DVVHQWDPHQWRVGRV L-Xt]HVGHGLUHLWR TXH UHTXHUHUDPVXD LQVFULomR SDUDD UHPRomR28 LL-Xt]HVGHGLUHLWR VXEVWLWXWRV TXH QmRPDQLIHVWDUDP UHFXVDjSURPRomR  DUW H



HTXHULPHQWRV

G

H

UHPRomRHGHSURPRomR

&DEHUiDR 3OHQRH[DPLQDUHGHFLGLU

27ULEXQDO3OHQRSRGHUi DEVWHUVHWHPSRUDULDPHQWHGH

LQGLFDUQRPHVVHDVVLPUHFRPHQGDUR LQWHUHVVHS~EOLFR

DUW



$

FHVVR

D

R

FDUJR

G

H

GHVHPEDUJDGRU

&ULWpULRV $QWLJXLGDGH 0HUHFLPHQWR 6HUmRSUHVWDGDV LQIRUPDo}HVVREUH L2V MXt]HV GH GLUHLWR PDLVDQWLJRV 3DUDRFULWpULR GH DQWLJXLGDGH LL 7RGRV RV  MXt]HVGHGLUHLWRTXHUH~QDP FRQGLo}HV

OHJDLVSDUDR FULWpULRGH PHUHFLPHQWR

DUW 2SURYLPHQWRGR FDUJRGH  MXL] GH GLUHLWR68%67,7872 FRQGLFLRQDVHj DSURYDomRHP &21&8562S~EOLFR DUW

352&(',0(1726$'0,1,675$7,926 

3529,0(172'26&$5*261$0$*,675$785$'(&$55(,5$ 

5(02d235202d2($&(662',6326,d®(6*(5$,6,,

)OiYLD0XQGLP 0DUFHOR/HLWH ZZZSRQWRGRVFRQFXUVRVFRPEU 5,7-')7 HP 0DSDV 0HQWDLV $XODS

(17)

5HPRomR

3URPRomR

H$FHVVR

5HPRomR

9DJD 1RMXt]RGH GLUHLWRQR ') RXQRV 7HUULWyULRV 6HUiIDFXOWDGDD UHPRomR DRVMXt]HVGH GLUHLWRTXHWHQKDPSHORPHQRV  DQRV GHH[HUFtFLRFRPR MXL] GHGLUHLWR WLWXODU

1RMXt]RGHGLUHLWRFRP FRPSHWrQFLD HP WRGR RWHUULWyULRGR ')RXQD &LUFXQVFULomR-XGLFLiULDGH %UDVtOLDLQFOXVLYHQRVFDVRVGH SURYLPHQWRLQLFLDOGHVVHVMXt]RV 6HUiSURYLGDPHGLDQWH UHPRomR GH MXL] GHGLUHLWR 7,78/$5 GH  MXt]RFRPHVVDVFRPSHWrQFLDV $VYDJDVGHFRUUHQWHV RXUHPDQHVFHQWHV GDVUHPRo}HV 6HUmRSURYLGDVPHGLDQWH UHPRomR GH  MXt]HV GHGLUHLWR 7,78/$5(6 GDV GHPDLVFLUFXQVFULo}HVMXGLFLiULDVGR')   1RMXt]RGHGLUHLWRQDV GHPDLV FLUFXQVFULo}HV MXGLFLiULDVGR ') LQFOXVLYHQRVFDVRVGHSURYLPHQWR LQLFLDOGHVVHVMXt]RV 6HUiSURYLGDPHGLDQWH UHPRomR GH MXL] GHGLUHLWR WLWXODU GHMXt]R FRPHVVDVFRPSHWrQFLDV  $VYDJDVGHFRUUHQWHVRX UHPDQHVFHQWHVGDVUHPRo}HV 6HUmRSURYLGDVPHGLDQWH SURPRomR GH MXt]HVGHGLUHLWR 68%67,78726 

1mRVHUi DGPLWLGD UHPRomR SDUDYDUDGH LJXDO QDWXUH]D GHQWURGD PHVPDFLUFXQVFULomR MXGLFLiULD



'HVPHPEUDPHQWR GDYDUD

6HUi DVVHJXUDGD DR MXL] GHGLUHLWRGDYDUDRULJLQiULD DQWHV GD UHPRomRD RSomR SHOR QRYRMXt]R

1RSUD]RGHGLDVFRQWDGR GDGHFODUDomRGHYDFkQFLD  DUW

3URPRomR

eDDVFHQVmRGRFDUJRGR MXL]GHGLUHLWR VXEVWLWXWR SDUDRFDUJRGH MXL]GHGLUHLWR

3URPRomRGH  MXL]GHGLUHLWR 6867,7872 6ySRGHUiRFRUUHUHQWUHRVTXH WLYHUHP  DQRVGH H[HUFtFLR 6$/92 VH , 1mRKRXYHUTXHPDSUHVHQWHR UHTXLVLWRGH DQRV GH H[HUFtFLR ,,6HRSUHHQFKHU QmR DFHLWH ROXJDUYDJR28 ,,,2VPHPEURVGR3OHQR UHFXVDUHP SRU PDLRULDDEVROXWD 72'26 RV LQGLFDGRV 2EHGHFHUiDRV FULWpULRV GH L $QWLJXLGDGH LL 0HUHFLPHQWR DUWV

352&(',0(1726$'0,1,675$7,926 

3529,0(172'26&$5*261$0$*,675$785$'(&$55(,5$ 

5(02d235202d2($&(662,,,

)OiYLD0XQGLP 0DUFHOR/HLWH ZZZSRQWRGRVFRQFXUVRVFRPEU 5,7-')7 HP 0DSDV 0HQWDLV $XODS

(18)

5HPRomR

3URPRomR

H$FHVVR

$FHVVR

eDDVFHQVmRGRFDUJRGH MXL]GHGLUHLWRDRFDUJRGH GHVHPEDUJDGRU

2EHGHFHUiDRV FULWpULRV GH L $QWLJXLGDGH LL 0HUHFLPHQWR $FHVVRSRU PHUHFLPHQWR 6HUmRFRQVLGHUDGRV LQVFULWRV 7RGRVRVMXt]HVGHGLUHLWRLQWHJUDQWHVGD TXLQWDSDUWHGDOLVWDGHDQWLJXLGDGH 5HFXVD &DEHUiDRMXL]TXHUHFXVDURDFHVVRVH PDQLIHVWDU DWpRLQtFLRGD YRWDomR (ODERUDGDD OLVWDWUtSOLFH

23OHQR HPHVFUXWtQLRLQGLFDUiR

 MXL]GHGLUHLWRTXHWHUiDFHVVRjYDJD 1~PHUR GHYDJDV $SHQDV XPDYDJD (ODERUDGDDOLVWDWUtSOLFHIDUVHiYRWDomR 6HUiFRQVLGHUDGRLQGLFDGR RMXL]GHGLUHLWR TXHWHQKDREWLGRYRWDomRPDMRULWiULD 0DLVGH XPDYDJD 6HUmRHODERUDGDVVHPSUHTXH SRVVtYHOOLVWDVWUtSOLFHVHPQ~PHUR FRUUHVSRQGHQWHDRGHYDJDV (PFDVR GHHPSDWH 3URFHGHUVHiDQRYRHVFUXWtQLRUHSHWLQGRVH DYRWDomRTXDQWDVYH]HVIRUHPQHFHVViULDV $SHQDVHQWUHDTXHOHVTXH REWLYHUHPLJXDOQ~PHURGHYRWRV $SXUDomRGR PHUHFLPHQWR 6HUmR REVHUYDGRVH FRQVLGHUDGRV , 7RGRVRVGDGRVFRQWLGRVQRUHODWyULR GR&RUUHJHGRUSDUDDYDOLDomRGD FRQGXWDIXQFLRQDOGRVMXt]HV ,,2IDWRGHRMXL]MiKDYHUILJXUDGRHP OLVWDSDUDDFHVVRSRUPHUHFLPHQWR ,,,$UHVSHFWLYDDQWLJXLGDGHQRFDUJR DUW $FHVVRSRU DQWLJXLGDGH 23OHQRVRPHQWHSRGHUiUHFXVDURMXL]PDLVDQWLJR SHORYRWRGHQRPtQLPRGRVPHPEURV 5HSHWLQGRVHDYRWDomRDWpREWHUVHDLQGLFDomR DUW (VFUXWtQLRV VXEVHTXHQWHV $SOLFDUVHiRGLVSRVWRQRDUWH DUW DUW

3HUPXWD

3RGHUmRVROLFLWDUSHUPXWD 2VMXt]HVGHGLUHLWRGR')HGRV7HUULWyULRV 3URFHGLPHQWR 'HYHUiVHUVROLFLWDGDPHGLDQWHUHTXHULPHQWR

GLULJLGRDR3UHVLGHQWHGR7ULEXQDO

23UHVLGHQWHGR7ULEXQDODSyVLQVWUXtORVXEPHWrORi DR&RQVHOKR(VSHFLDO SDUDGHOLEHUDomR

9HGDomR

1mRVHUi SHUPLWLGDSHUPXWDTXHHQYROYD MXL]GHGLUHLWR

HPFRQGLo}HVGH DFHVVR DR7-DSyVRVXUJLPHQWRGHYDJD

(148$172QmRI RUHVWDSURYLGD

~QLFR DUW

352&(',0(1726$'0,1,675$7,926 

3529,0(172'26&$5*261$0$*,675$785$'(&$55(,5$ 

5(02d-235202d-2($&(662,9

)OiYLD0XQGLP 0DUFHOR/HLWH ZZZSRQWRGRVFRQFXUVRVFRPEU 5,7-')7 HP 0DSDV 0HQWDLV $XODS

(19)

'RSURFHVVR

'LVSRVLo}HV

JHUDLV



3

URFHGLPHQWR

G

H

DSXUDomR

G

H

I 

DOWD

SXQtYHO

F

RP

S

HQD

GLVFLSOLQDU

,QVWDXUDUVHi

,0HGLDQWH '(&,62GD PDLRULD

DEVROXWDGR &RQVHOKR(VSHFLDO

3RU

,1,&,$7,9$ ,'R &RUUHJHGRU

1RFDVRGH PDJLVWUDGRV GH *UDX ,,'R 3UHVLGHQWH 1RV GHPDLVFDVRV ,,3RUPHLRGH 5(35(6(17$d2 IXQGDPHQWDGD ,'H TXDOTXHU GHVHPEDUJDGRU ,,'RV &KHIHVGRV 3RGHUHV ([HFXWLYRH /HJLVODWLYRGR') ,,,'R 3*-')7 ,9'RV 3UHVLGHQWHVGR &RQVHOKR)HGHUDOGD2$% RXGD 6HFFLRQDOGD2$% QR ')RXQRV 7HUULWyULRV ~QLFR DUW



'

HIHVD

SUpYLD

0RPHQWR $QWHVGD GHFLVmRVREUHD LQVWDXUDomRGRSURFHVVR

3UD]RGR PDJLVWUDGR

GLDV

6HUiFRQWDGRGD GDWD GHHQWUHJDGH FySLDGR WHRUGD DFXVDomR HGH SURYDVH[LVWHQWHV

$FySLDOKHVHUiUHPHWLGDSHOR 3UHVLGHQWHPHGLDQWHRItFLRQDV

KRUDVLPHGLDWDPHQWH VHJXLQWHVjDSUHVHQWDomRGDDFXVDomR DUW



$

SUHFLDomR

SHOR

&RQVHOKR

(VSHFLDO

&RQYRFDomRGR&RQVHOKR(VSHFLDO 6HUiUHDOL]DGDSHOR 3UHVLGHQWH

0RPHQWR

)LQGR RSUD]RFRQFHGLGRSDUDD GHIHVDSUpYLD

KDMD RX QmRVLGRDSUHVHQWDGD 'HFLVmR ,$ LQVWDXUDomR28 ,,2 DUTXLYDPHQWR 3URFHGLPHQWR 6HUmRHQFDPLQKDGDV SUHYLDPHQWHDRV LQWHJUDQWHV FySLDV ,'RWHRUGD DFXVDomR ,,'D GHIHVDSUpYLDVHDSUHVHQWDGD ,,,'DV SURYDV H[LVWHQWHV 5HODWDUiD DFXVDomR SHUDQWHR&(

, &RUUHJHGRU 1RFDVRGH PDJLVWUDGRVGH *UDX ,, 3UHVLGHQWH GR7ULEXQDO 1RV GHPDLVFDVRV DUW  H 



'

HWHUPLQDGD

D

L

QVWDXUDomR

GR SURFHVVR

$FyUGmR &RQWHUiD , ,PSXWDomRGRV I DWRV (

,, 'HOLPLWDomRGRWHRUGD DFXVDomR

5HODWRU 1D PHVPDVHVVmR VHUi 6257($'2RUHODWRU 5HYLVRU 1HVWHSURFHGLPHQWR 12KDYHUiUHYLVRU

$IDVWDPHQWR GRPDJLVWUDGR

2 &RQVHOKR(VSHFLDO SRU PDLRULDDEVROXWDGHFLGLUiVREUH R DIDVWDPHQWRRX QmR GRPDJLVWUDGRGHVXDV I XQo}HV

6HUmRDVVHJXUDGRVRVVXEVtGLRV LQWHJUDLVDWpD GHFLVmRILQDO 3UD]RGH DIDVWDPHQWR GLDV SURUURJiYHOSRUDWpR GREUR RX PDLVTXDQGRDGHPRUDGHFRUUHU GRH[HUFtFLRGR GLUHLWRGHGHIHVD DUW 3URFHVVR DGPLQLVWUDWLYR GLVFLSOLQDU UHODWLYRD PDJLVWUDGRV



352&(662$'0,1,675$7,92',6&,3/,1$55(/$7,92$0$*,675$'26,



6(d2,',6326,d®(6*(5$,6

)OiYLD0XQGLP 0DUFHOR/HLWH ZZZSRQWRGRVFRQFXUVRVFRPEU 5,7-')7 HP 0DSDV 0HQWDLV $XODS

(20)

'LVSRVLo}HV

JHUDLV



,

QVWUXomR

GRSURFHVVR

,QWLPDomRGRV DWRVGRSURFHVVR

2PDJLVWUDGR HRUHVSHFWLYR GHIHQVRU VHUmR

LQWLPDGRVGHWRGRV RVDWRVGRSURFHVVR

'HIHVDGR PDJLVWUDGR

2UHODWRUVRUWHDGRGHWHUPLQDUiDFLWDomR GR

PDJLVWUDGRSDUDDSUHVHQWDUGHIHVDHHQFDPLQKDUi DRPDJLVWUDGRFySLDGRDFyUGmRGR&RQVHOKR(VSHFLDO 3UD]R 5HJUDJHUDO GLDV 'RLVRXPDLVPDJLVWUDGRV 6HUi FRPXP HGHGLDV 0DJLVWUDGR UHYHO

6HUiFRQVLGHUDGRUHYHOTXDQGR UHJXODUPHQWH

FLWDGR QmRDSUHVHQWDUGHIHVDQRSUD]RDVVLQDGR

'HFODUDGDD UHYHOLDRUHODWRUGHVLJQDUi

GHIHQVRUGDWLYRHFRQFHGHUOKHiLJXDO

SUD]R SDUDDDSUHVHQWDomRGHGHIHVDGLDV 0DJLVWUDGR HPOXJDU LQFHUWRRX QmRVDELGR 6HUiFLWDGR SRU HGLWDO &RPSUD]RGHGLDV 3XEOLFDGRXPDYH]QRyUJmR RILFLDO GHLPSUHQVDXWLOL]DGRSHOR 7ULEXQDOSDUDGLYXOJDUVHXVDWRV $PXGDQoDGHUHVLGrQFLD REULJD RPDJLVWUDGRD FRPXQLFDU RHQGHUHoR HP TXHUHFHEHUiFLWDo}HV QRWLILFDo}HVRXLQWLPDo}HVDR L 5HODWRU LL &RUUHJHGRU( LLL 3UHVLGHQWH 3URGXomR GHSURYDV 2 UHODWRU 'HFLGLUiVREUHDSURGXomRGH SURYDVUHTXHULGDV SHORDFXVDGR

'HWHUPLQDUiGHRItFLR DV SURYDV SHULFLDLVHWpFQLFDV

TXHHQWHQGHUSHUWLQHQWHVSDUDDHOXFLGDomR GRVIDWRV

7RPDUi GHSRLPHQWRV

GDV WHVWHPXQKDV

1R Pi[LPRGHDFXVDomR

HDWp GHGHIHVD

)DUiDVDFDUHDo}HV

3RGHUi GHOHJDUSRGHUHVD MXL]GHGLUHLWRSDUDSURGX]LODV

,QWHUURJDWyULR

2UHODWRUSRGHUiLQWHUURJDU R DFXVDGR VREUHRVI DWRV

DHOH LPSXWDGRV

'HVLJQDQGR SDUDWDQWR GLD KRUD HORFDO(

'HWHUPLQDQGRDLQWLPDomRGR

PDJLVWUDGRHGHVHXGHIHQVRU

5D]}HV ILQDLV

)LQGDDLQVWUXomRR03 HR PDJLVWUDGRDFXVDGRRXRUHVSHFWLYR

GHIHQVRU WHUmR YLVWD GRVDXWRVSRUGLDVSDUDUD]}HVILQDLV

3URYLGrQFLDV GRUHODWRU

, ,QFOXLU RSURFHVVRQDSDXWDGR&RQVHOKR

(VSHFLDO SDUDMXOJDPHQWRHPGLDV DSyV

RSUD]RGDVUD]}HVILQDLVFRPRXVHPHODV ,, 2UGHQDU DLQWLPDomRGR 03 GRPDJLVWUDGR

DFXVDGRHGRUHVSHFWLYRGHIHQVRU ,,, 'HWHUPLQDU DUHPHVVD DRV GHVHPEDUJDGRUHV LQWHJUDQWHV GR &RQVHOKR (VSHFLDOGH FySLDV L'RDFyUGmR LL'D GHIHVD LLL'DVUD]}HVILQDLVGR 03 HGRPDJLVWUDGR LY'HRXWUDVSHoDV TXH HQWHQGHUQHFHVViULDV DUWV 3URFHVVR DGPLQLVWUDWLYR GLVFLSOLQDU UHODWLYRD PDJLVWUDGRV





352&(662$'0,1,675$7,92',6&,3/,1$55(/$7,92$0$*,675$'26,,



6(d-2,',6326,d®(6*(5$,6

)OiYLD0XQGLP 0DUFHOR/HLWH ZZZSRQWRGRVFRQFXUVRVFRPEU 5,7-')7 HP 0DSDV 0HQWDLV $XODS

(21)

'LVSRVLo}HV

JHUDLV

-XOJDPHQWR &RPSHWrQFLD &RQVHOKR(VSHFLDO 6HVVmRGH  MXOJDPHQWR 5 HODWyULR

6XVWHQWDomRRUDO3HORSUD]RGHPLQ SDUD FDGDSDUWH &ROHWDGRVYRWRV

4XyUXPSDUDLPSRVLomR GHSHQDOLGDGH

6RPHQWHSRGHUiVHULPSRVWDSXQLomRDR PDJLVWUDGRSHORYRWRGD PDLRULDDEVROXWD GRVPHPEURVGR&RQVHOKR(VSHFLDO

3XEOLFLGDGH 'DGHFLVmRVRPHQWHVHUi SXEOLFDGDDFRQFOXVmR

,QGtFLRV GHFULPH

6HR&RQVHOKR(VSHFLDOHQWHQGHUTXHH[LVWHPLQGtFLRV VXILFLHQWHVGHFULPHGHDomRSHQDOS~EOLFD

23UHVLGHQWHGR7ULEXQDO UHPHWHUiDR 03FySLDGRVDXWRV

DUW 5HJLVWURV 6HUmRODQoDGDVQRSURQWXiULRGR PDJLVWUDGRTXHVHUiPDQWLGR SHOD&RUUHJHGRULDGD-XVWLoD ,$LQVWDXUDomRGHSURFHVVRDGPLQLVWUDWLYR ,,$V SHQDOLGDGHVGHILQLWLYDPHQWHLPSRVWDV( ,,,$VDOWHUDo}HVGHFRUUHQWHVGHMXOJDGRVGR&

1-DUW

/LPLWDomRGD 3XEOLFLGDGH

(PUD]mRGD QDWXUH]DGD LQIUDomRRXGHSURFHVVRDGPLQLVWUDWLYR D DXWRULGDGHFRPSHWHQWHSRGHUi OLPLWDU DSXEOLFLGDGHGRVDWRVDR DFXVDGR HDRVUHVSHFWLYRV DGYRJDGRV QRVFDVRVHPTXHDSUHVHUYDomRGRVLJLOR 12SUHMXGLTXHRLQWHUHVVHS~EOLFRHR GLUHLWRjLQIRUPDomR

DUW /HJLVODomR $VQRUPDVHRVSULQFtSLRVGDV /HLV HEHP FRPRDVQRUPDVGR&1-DSOLFDPVHVXEVLGLDULDPHQWHDRV SURFHGLPHQWRVHDRVSURFHVVRVGLVFLSOLQDUHVFRQWUDPDJLVWUDGRV DUW &RPXQLFDomRGH LUUHJXODULGDGHV $SXUDomR 'HYHUiSURPRYHUD DSXUDomR LPHGLDWD GHLUUHJXODULGDGHGH TXHWLYHUFLrQFLDR , &RUUHJHGRU 1RFDVRGH PDJLVWUDGRV GH *UDX ,, 3UHVLGHQWH 1RV GHPDLVFDVRV 5HTXLVLWRV $VQRWtFLDVVREUH LUUHJXODULGDGHVVHUmR REMHWRGHDSXUDomR '(6'(48( ,&RQWHQKDPDLGHQWLILFDomRH RHQGHUHoRGR QRWLFLDQWH( ,,6HMDPIRUPXODGDVSRUHVFULWR FRQILUPDGDDDXWHQWLFLGDGH ,QIRUPDo}HV

$SXUDGRVRVIDWRVR PDJLVWUDGR VHUi

QRWLILFDGRSDUDSUHVWDULQIRUPDo}HV1RSUD]RGHGLDV

$UTXLYDPHQWR +LSyWHVHV ,&DVR12KDMDLQGtFLRVGHPDWHULDOLGDGH RXGHDXWRULDGHLQIUDomRDGPLQLVWUDWLYD $ DXWRULGDGHFRPSHWHQWHRUGHQDUiR DUTXLYDPHQWRGRSURFHGLPHQWRSUHOLPLQDU PHGLDQWHGHFLVmR I XQGDPHQWDGD

,,4XDQGRRI DWRQDUUDGR 12 FRQILJXUDU

HYLGHQWHLQIUDomRGLVFLSOLQDURX LOtFLWRSHQDO $QRWtFLD GH LUUHJXODULGDGH VHUiDUTXLYDGD GHSODQR SHOR L &RUUHJHGRU QR FDVRGHPDJLVWUDGRV GH *UDX28 LL 3UHVLGHQWH QRVGHPDLVFDVRV 5HFXUVR &DEHUiUHFXUVRDR &RQVHOKR(VSHFLDO

1RSUD]RGHGLDVSRUSDUWHGRQRWLFLDQWH DUW 3URFHVVR DGPLQLVWUDWLYR GLVFLSOLQDU UHODWLYRD PDJLVWUDGRV

352&(662$'0,1,675$7,92',6&,3/,1$55(/$7,92$0$*,675$'26,,,



6(d2,',6326,d®(6*(5$,6

)OiYLD0XQGLP 0DUFHOR/HLWH ZZZSRQWRGRVFRQFXUVRVFRPEU 5,7-')7 HP 0DSDV 0HQWDLV $XODS

References

Related documents

Considering to when children write to communicative meaning that their writing is purposeful, it is considerable to provide students activities that enable them

Oversize materials (e.g., maps, drawings, charts) are re- produced by sectioning the original, beginning at the upper left-hand corner and continuing from left to right in

Using this new template, the faculty will be trained to create modules that contain learning objects within each module as a new approach to distance education course

Does level of acculturation, attitudes toward professional mental health services, religious coping, level of resiliency, and level of social support exert a direct influence

• Achieving interoperability, defined as the ability of civil United States and non- United States space-based positioning, navigation and timing services to be used together

According to recent ethnographic work, POs have to be crushed, dissolved and filtered before being injected, yielding opportunities for HCV transmission between injection

demonstrate that wind damage is a major and widespread threat to terrestrial forests, particularly 109.. to upland conifer plantations and in hurricane affected areas, with

Before allowing employees to work from their homes, consider inspecting the proposed home office to make sure it is safe for both the employee and the company?. Under OSHA