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I /DMHPDFLoDWLSRFRPLVRODPHQWR
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H[WHULRU
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)DFKDGDUHYHVWLGDDYLURF H
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5)$ 5I$ '5)I$ .)I /I 6L 5)I$
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H
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H
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9DORUPtQLPRSDUDRtQGLFHGHUHGXomRVRQRUDR
9DORUPtQLPRSDUDRtQGLFHGHUHGXomRVRQRUDREWLGRVHJXQGRUHODo}HVGHFRPSULPHQWRHVXSHUItFLH
EWLGRVHJXQGRUHODo}HVGHFRPSULPHQWRHVXSHUItFLHQDOLJDomRHQWUH
QWUH
UH
HOHPHQWRVFRQVWUXWLYRVFRQIRUPHDHTXDomRGH(1
HOHPHQWRVFRQVWUXWLYRVFRQIRUPHDHTXDomRGH(1
ËQGLFHJOREDOGHUHGXomRVRQRUDDSDUHQWH5
$
5
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G%
5'G$
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ËQGLFHGHLVRODPHQWRVRQRURDVRQVGHFRQGXomRDpUH
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5
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G%G%Pñ V Pð G%
$&21',&,21$0(172$&Ò67,&2
$&21',&,21$0(172$&Ò67,&2
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&iOFXORGRWHPSRGHUHYHUEHUDomR
5HVXOWDGRVREWLGRVSDUDRWHPSRGHUHYHUEHUDomR
5HVXOWDGRVREWLGRVSDUDRWHPSRGHUHYHUEHUDomR
2V WHPSRV GH UHYHUEHUDomR GRV FRPSDUWLPHQWRV FDOFXODGRV
FDOFXODGRV QR HGLItFLR REWLGRV DWUDYpV GD HTXDomR GH 6DELQH H RV
tQGLFHVGHDYDOLDomRGDDEVRUomRGHILQLGRVQDQRUPD
tQGLFHVGHDYDOLDomRGDDEVRUomRGHILQLGRVQDQRUPD13(1,62VmRRVVHJXLQWHV
7HPSRGHUHYHUEHUDomR
9 $ 7V
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Pñ Pð H[LJLGRHVWLPDGR
JLQiVLR6DODGHGHVFDQVRHFRQYtYLR3LVR
JLQiVLR6DODGHGHVFDQVRHFRQYtYLR3LVR
1RWDV
,G,GHQWLILFDGRUGDILFKDGHFiOFXORGHWDOKDGRGH
,G,GHQWLILFDGRUGDILFKDGHFiOFXORGHWDOKDGRGHMXVWLILFDomRGHUHVXOWDGRV
99ROXPHGRFRPSDUWLPHQWR
$ÈUHDGHDEVRUomRVRQRUDHTXLYDOHQWHVHJXQGRIyU
$ÈUHDGHDEVRUomRVRQRUDHTXLYDOHQWHVHJXQGRIyUPXODGH6DELQH
77HPSRGHUHYHUEHUDomRUHVXOWDQWH
&iOFXORGHWDOKDGRGRWHPSRGHUHYHUEHUDomR
UHYHUEHUDomR
0RVWUDPVH
VH VHJXLGDPHQWH DV ILFKDV GHWDOKDGDV GR FiOFXOR GR WHPSR GH UHYHUEHUDomR SDUD RV FRPSDUWLPHQWRV
FRQVLGHUDGRV QR HGLItFLR OLPLWDGRV SHOD UHJXODPHQWDomR
UHJXODPHQWDomR YLJHQWH QXPHUDGDV FRQIRUPH D VXD DSUHVHQWDomR
DSUHVHQWDomR QD WDEHOD
UHVXPRGHUHVXOWDGRV
7HPSRGHUHYHUEHUDomR
7LSRGHFRPSDUWLPHQWR JLQiVLR6DODGHGHVFDQVRHFRQYtYLR 3LVR
6XSHUItFLHGRFRPSDUWLPHQWR6 Pð
9ROXPHGRFRPSDUWLPHQWR9 Pñ
7 V
ā9 V
47$9$5(6$UTXLWHFWXUDH(QJHQKDULD/GD_$Y
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2
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9DORUHVGHDEVRUomRVRQRUDGRVUHYHVWLPHQWRV
&RHILFLHQWHGH
DEVRUomR ÈUHD6L
(OHPHQWR $FDEDPHQWR 3RVLomR VRQRUD
D+]L D+]L D+]L Pð
3DYLPHQWRWHUUHRHQURFDPHQWR
3DYLPHQWRWpUUHR 3DYLPHQWR
FRPLVRODPHQWR
/DMHPDFLoDWLSRFRPLVRODPHQWR $UJDPDVVDHUHERFRWUDGLFLRQDO
/DMHPDFLoDWLSR $UJDPDVVDHUHERFRWUDGLFLRQDO
7HFWR
(VWXTXHSURMHFWDGRRXILQRRXGH
/DMHPDFLoDWLSR
HOHYDGDGXUH]D
)DFKDGDH[WHULRUGXSODQRSLVR $UJDPDVVDHUHERFRWUDGLFLRQDO
)DFKDGDH[WHULRUGXSODFRPPXUR
$UJDPDVVDHUHERFRWUDGLFLRQDO
GHEHWmR
$UJDPDVVDHUHERFRWUDGLFLRQDO (OHPHQWR
YHUWLFDO
0XURGHFDYHHPEHWmR $UJDPDVVDHUHERFRWUDGLFLRQDO
-DQHOD -DQHODGHYLGURGXSOR
3RUWDLQWHULRU 3RUWDLQWHULRU
$U
&iOFXORGDiUHDGHDEVRUomRVRQRUDHTXLYDOHQWHHGRWHPSRGHUHYHUEHUDomR
ÈUHDGHDEVRUomRVRQRUDPð
$FDEDPHQWR 3RVLomR
$+] $+] $+]
3DYLPHQWRWpUUHR 3DYLPHQWR
$UJDPDVVDHUHERFRWUDGLFLRQDO
$UJDPDVVDHUHERFRWUDGLFLRQDO 7HFWR
(VWXTXHSURMHFWDGRRXILQRRXGHHOHYDGDGXUH]D
$UJDPDVVDHUHERFRWUDGLFLRQDO
$UJDPDVVDHUHERFRWUDGLFLRQDO
$UJDPDVVDHUHERFRWUDGLFLRQDO
(OHPHQWRYHUWLFDO
$UJDPDVVDHUHERFRWUDGLFLRQDO
-DQHODGHYLGURGXSOR
3RUWDLQWHULRU
$U
ÈUHDGHDEVRUomRVRQRUDPð
2EMHFWRV 1~PHUR
$+] $+] $+]
0iTXLQDV
3HVVRDV
%DVHV
6HFUHWiULD
&RQWUROR
ÈUHDGHDEVRUomRVRQRUDPð
7HPSRGHUHYHUEHUDomRV
0pGLDDULWPpWLFDV
47$9$5(6$UTXLWHFWXUDH(QJHQKDULD/GD_$Y$EULO/RWH$QGDU±/
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2
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7HPSRVGHUHYHUEHUDomRQRXWURVFRPSDUWLPHQWRVGRHGLItFLR
2V WHPSRV GH UHYHUEHUDomR GRV FRPSDUWLPHQWRV FDOFXODGRV QR HGLItFLR GH PDQHLUD PHUDPHQWH LQIRUPDWLYD VHP
UHVWULo}HVLPSRVWDVSHODUHJXODPHQWDomRYLJHQWHVmRRVVHJXLQWHV
7HPSRGHUHYHUEHUDomR
9 $ 7
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Pñ Pð V
WHFQLFR&RPSDUWLPHQWRWpFQLFR3LVR
KDOO+DOOGHHQWUDGD3LVR
VDOD6DOD3LVR
DUUXPR2XWURV3LVR
VDODSROLYDOHQWH6DOD3LVR
VHFUHWDULD(VFULWyULRV3LVR
1RWDV
,G,GHQWLILFDGRUGDILFKDGHFiOFXORGHWDOKDGRGHMXVWLILFDomRGHUHVXOWDGRV
99ROXPHGRFRPSDUWLPHQWR
$ÈUHDGHDEVRUomRVRQRUDHTXLYDOHQWHVHJXQGRIyUPXODGH6DELQH
77HPSRGHUHYHUEHUDomRUHVXOWDQWH
47$9$5(6$UTXLWHFWXUDH(QJHQKDULD/GD_$Y$EULO/RWH$QGDU±/
Y Z [ \ ] ^ _ ` ^ ` _ \ a b c d e b f b Y Z b \ ] a ] g
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352-(72'((678'2$&Ò67,&2'$&216758d2'$6('('2&/8%('(7e1,6'$$0$'25$±'(6&5,d20$7(5,$,6
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5,$,6
6,67(0$(192/9(17(
(QYROYHQWHH[WHULRU
)DFKDGDV
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/LVWDJHPGHFDPDGDV
/LVWDJHPGHFDPDGDV
$UJDPDVVDHUHERFR
$UJDPDVVDHUHERFRWUDGLFLRQDO FP
%ORFRGHEHWmROHYH[[
%ORFRGHEHWmROHYH[[ FP
3ROLHVWLUHQRH[WUXGLGR;36
3ROLHVWLUHQRH[WUXGLGR;36 FP
7LMRORFHUkPLFRIXUDGRFP
7LMRORFHUkPLFRIXUDGRFP FP
$UJDPDVVDHUHERFRWUDGLFLRQDO
$UJDPDVVDHUHERFRWUDGLFLRQDO FP
(VSHVVXUDWRWDO
(VSHVVXUDWRWDO FP
&RPSRUWDPHQWRDF~VWLFR55$(0DVVDVXSHUILFLDONJPð
0DVVDVXSHUILFLDONJPð
0DVVDVXSHUILFLDOGRHOHPHQWREDVHNJPð
0DVVDVXSHUILFLDOGRHOHPHQWREDVHNJPð
,VRODPHQWRDF~VWLFR5Z&&WUG%
&DOFXODGRVHJXQGRRPpWRGRGHSUHYLVmRJUiILFD
&DOFXODGRVHJXQGRRPpWRGRGHSUHYLVmRJUiILFD
)DFKDGDH[WHULRUGXSODFRPPXURGHEHWmR
)DFKDGDH[WHULRUGXSODFRPPXURGHEHWmR 6XSHUItFLHWRWDOPð
/LVWDJHPGHFDPDGDV
/LVWDJHPGHFDPDGDV
$UJDPDVVDHUHERFRWUDGLFLRQDO
$UJDPDVVDHUHERFRWUDGLFLRQDO FP
%HWmRDUPDGRFRPDUPDGXUD
%HWmRDUPDGRFRPDUPDGXUD FP
&DL[D
&DL[DGHDUQmRYHQWLODGD FP
3ROLHVWLUHQRH[WUXGLGR;36
3ROLHVWLUHQRH[WUXGLGR;36 FP
7LMRORFHUkPLFRIXUDGR
7LMRORFHUkPLFRIXUDGRFP% FP
$UJDPDVVDHUHERFRWUDGLFLRQDO
$UJDPDVVDHUHERFRWUDGLFLRQDO FP
(VSHVVXUDWRWDO
(VSHVVXUDWRWDO FP
&RPSRUWDPHQWRDF~VWLFR55$(0DVVDVXSHUILFLDONJPð
0DVVDVXSHUILFLDONJPð
0DVVDVXSHUILFLDOGRHOHPHQWREDVHNJPð
0DVVDVXSHUILFLDOGRHOHPHQWREDVHNJPð
$SRLDGDHPEDQGDVHOiVWLFDV%
$SRLDGDHPEDQGDVHOiVWLFDV%
,VRODPHQWR
,VRODPHQWRDF~VWLFR5 Z&&WUG%
&DOFXODGRVHJXQGRRPpWRGRGHSUHYLVmRJUiILFD
&DOFXODGRVHJXQGRRPpWRGRGHSUHYLVmRJUiILFD
)DFKDGDUHYHVWLGDDYLURF 6XSHUItFLHWRWDOPð
47$9$5(6$UTXLWHFWXUDH(QJHQKDULD/GD_$Y
47$9$5(6$UTXLWHFWXUDH(QJHQKDULD/GD_$Y$EULO/RWH$QGDU±/
Y Z [ \ ] ^ _ ` ^ ` _ \ a b c d e b f b Y Z b \ ] a ] g
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5,$,6
/LVWDJHPGHFDPDGDV
/LVWDJHPGHFDPDGDV
3DLQpLVGHDJORPHUDGRGHSDUWtFXODVGHPDGHLUD
3DLQpLVGHDJORPHUDGRGHSDUWtFXODVGHPDGHLUD FP
&DL[D
&DL[DGHDUQmRYHQWLODGD FP
3ROLHVWLUHQRH[WUXGLGR;36
3ROLHVWLUHQRH[WUXGLGR;36 FP
%ORFRGHEHWmRQRUPDO[[
%ORFRGHEHWmRQRUPDO[[ FP
$UJDPDVVDHUHERFRWUDGLFLRQDO
$UJDPDVVDHUHERFRWUDGLFLRQDO FP
(VSHVVXUDWRWDO
(VSHVVXUDWRWDO FP
&RPSRUWDPHQWRDF~VWLFR55$(0DVVDVXSHUILFLDO
0DVVDVXSHUILFLDONJPð
0DVVDVXSHUILFLDOGRHOHPHQWREDVHNJPð
0DVVDVXSHUILFLDOGRHOHPHQWREDVHNJPð
,VRODPHQWRDF~VWLFR5Z&&WUG%
&DOFXODGRVHJXQGRDOHLH[SHULPHQWDOGDPDVVDHIUH
&DOFXODGRVHJXQGRDOHLH[SHULPHQWDOGDPDVVDHIUHTXrQFLD
0XURVDEDL[RGDUDVDQWH
0XURGHFDYHHPEHWmR 6XSHUItFLHWRWDOPð
/LVWDJHPGHFDPDGDV
/LVWDJHPGHFDPDGDV
0HPEUDQDVIOH[tYHLVLPSUHJQDGDVFRPEHWXPH
0HPEUDQDVIOH[tYHLVLPSUHJQDGDVFRPEHWXPH FP
%HWmRDUPDGRFRPDUPDGXUD
%HWmRDUPDGRFRPDUPDGXUD FP
&DL[D
&DL[DGHDUQmRYHQWLODGD FP
3ROLHVWLUHQRH[WUXGLGR;36%
3ROLHVWLUHQRH[WUXGLGR;36% FP
7LMRORFHUkPLFR
7LMRORFHUkPLFRIXUDGRFP FP
$UJDPDVVDHUHERFRWUDGLFLRQDO
$UJDPDVVDHUHERFRWUDGLFLRQDO FP
(VSHVVXUDWRWDO
(VSHVVXUDWRWDO FP
&RPSRUWDPHQWRDF~VWLFR55$(0DVVDVXSHUILFLDONJPð
0DVVDVXSHUILFLDONJPð
0DVVDVXSHUILFLDOGRHOHPHQWREDVHNJPð
0DVVDVXSHUILFLDOGRHOHPHQWREDVHNJPð
$SRLDGDHPEDQGDVHOiVWLFDV%
$SRLDGDHPEDQGDVHOiVWLFDV%
,VRODPHQWR
,VRODPHQWRDF~VWLFR5 Z&&WUG%
&DOFXODGRVHJXQGRRPpWRGRGHSUHYLVmRJUiILFD
&DOFXODGRVHJXQGRRPpWRGRGHSUHYLVmRJUiILFD
3DYLPHQWRV
/DMHVWpUUHDV
3DYLPHQWRWpUUHRHQURFDPHQWRFRPLVRODPHQWR
HQURFDPHQWRFRPLVRODPHQWR 6XSHUItFLHWRWDOPð
/LVWDJHPGHFDPDGDV
/LVWDJHPGHFDPDGDV
&HUkPLFDYLGUDGDJUpVFHUkPLFR FP
$UJDPDVVDEDVWDUGD FP
3ROLHVWLUHQRH[WUXGLGR;36 FP
0HPEUDQDVIOH[tYHLVLPSUHJQDGDVFRPEHWXPH FP
%HWmRDUPDGR FP
(VSHVVXUDWRWDO
(VSHVVXUDWRWDO FP
&RPSRUWDPHQWRDF~VWLFR55$( 0DVVDVXSHUILFLDONJPð
0DVVDVXSHUILFLDONJPð
0DVVDVXSHUILFLDOGRHOHPHQWREDVHNJPð
0DVVDVXSHUILFLDOGRHOHPHQWREDVHNJPð
47$9$5(6$UTXLWHFWXUDH(QJHQKDULD/GD_$Y
47$9$5(6$UTXLWHFWXUDH(QJHQKDULD/GD_$Y$EULO/RWH$QGDU±/
Y Z [ \ ] ^ _ ` ^ ` _ \ a b c d e b f b Y Z b \ ] a ] g
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5,$,6
,VRODPHQWRDF~VWLFR5Z&&WUG%
&DOFXODGRVHJXQGRRPpWRGRGHSUHYLVmRJUiILFD
&DOFXODGRVHJXQGRRPpWRGRGHSUHYLVmRJUiILFD
1tYHOJOREDOGHSUHVVmRVRQRUDDVRQVGHSHUFXVVmRQRUPDOL]DGR/QG%
1tYHOJOREDOGHSUHVVmRVRQRUDDVRQVGHSHUFXVVmRQRUPDOL]DGR/
&DOFXODGRVHJXQGRRPpWRGRVLPSOLILFDGRGD(1
&DOFXODGRVHJXQGRRPpWRGRVLPSOLILFDGRGD(1
&REHUWXUDV
&REHUWXUDVSODQDV
/DMHPDFLoDWLSRFRPLVRODPHQWR 6XSHUItFLHWRWDOPð
/LVWDJHPGHFDPDGDV
/LVWDJHPGHFDPDGDV
&HUkPLFDYLGUDGDJUpVFHUkPLFR FP
$UJDPDVVDEDVWDUGD FP
3ROLHVWLUHQRH[WUXGLGR;36 FP
0HPEUDQDVIOH[tYHLVLPSUHJQDGDVFRPEHWXPH FP
/DMHPDFLoDFP FP
$UJDPDVVDHUHERFRWUDGLFLRQDO FP
(VSHVVXUDWRWDO
(VSHVVXUDWRWDO FP
&RPSRUWDPHQWRDF~VWLFR55$( 0DVVDVXSHUILFLDONJPð
0DVVDVXSHUILFLDONJPð
0DVVDVXSHUILFLDOGRHOHPHQWREDVHNJPð
0DVVDVXSHUILFLDOGRHOHPHQWREDVHNJPð
,VRODPHQWRDF~VWLFR5Z&&WUG%
&DOFXODGRVHJXQGRRPpWRGRGHSUHYLVmRJUiILFD
&DOFXODGRVHJXQGRRPpWRGRGHSUHYLVmRJUiILFD
/DMHPDFLoDWLSR 6XSHUItFLHWRWDOPð
/LVWDJHPGHFDPDGDV
/LVWDJHPGHFDPDGDV
&HUkPLFDYLGUDGDJUpVFHUkPLFR FP
$UJDPDVVDEDVWDUGD FP
3ROLHVWLUHQRH[WUXGLGR;36 FP
/DMHPDFLoDFP FP
$UJDPDVVDHUHERFRWUDGLFLRQDO FP
(VSHVVXUDWRWDO
(VSHVVXUDWRWDO FP
&RPSRUWDPHQWRDF~VWLFR55$( 0DVVDVXSHUILFLDONJPð
0DVVDVXSHUILFLDONJPð
0DVVDVXSHUILFLDOGRHOHPHQWREDVHNJPð
0DVVDVXSHUILFLDOGRHOHPHQWREDVHNJPð
,VRODPHQWRDF~VWLFR5Z&&WUG%
&DOFXODGRVHJXQGRRPpWRGRGHSUHYLVmRJUiILFD
&DOFXODGRVHJXQGRRPpWRGRGHSUHYLVmRJUiILFD
/DMHPDFLoDWLSRFRPLVRODPHQWR 6XSHUItFLHWRWDOPð
47$9$5(6$UTXLWHFWXUDH(QJHQKDULD/GD_$Y
47$9$5(6$UTXLWHFWXUDH(QJHQKDULD/GD_$Y$EULO/RWH$QGDU±/
Y Z [ \ ] ^ _ ` ^ ` _ \ a b c d e b f b Y Z b \ ] a ] g
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5,$,6
/LVWDJHPGHFDPDGDV
/LVWDJHPGHFDPDGDV
%HWmRQRUPDO FP
3ROLHVWLUHQRH[WUXGLGR;36 FP
0HPEUDQDVIOH[tYHLVLPSUHJQDGDVFRPEHWXPH FP
/DMHPDFLoDFP FP
$UJDPDVVDHUHERFRWUDGLFLRQDO FP
(VSHVVXUDWRWDO
(VSHVVXUDWRWDO FP
&RPSRUWDPHQWRDF~VWLFR55$( 0DVVDVXSHUILFLDONJPð
0DVVDVXSHUILFLDONJPð
0DVVDVXSHUILFLDOGRHOHPHQWREDVHNJPð
0DVVDVXSHUILFLDOGRHOHPHQWREDVHNJPð
,VRODPHQWRDF~VWLFR5Z&&WUG%
&DOFXODGRVHJXQGRRPpWRGRGHSUHYLVmR
&DOFXODGRVHJXQGRRPpWRGRGHSUHYLVmRJUiILFD
$EHUWXUDVYHUWLFDLV
-DQHODV
(QYLGUDoDGR 0 0 'LPHQV}HV )0 5Z&&WU
YLGURGXSOR 9mRV
9mRV [
YLGURGXSOR 9mRV
9mRV [
YLGURGXSOR 9mRV
9mRV [
YLGURGXSOR 9mRV
9mRV [
YLGURGXSOR 9mRV
9mRV [
YLGURGXSOR 9mRV
9mRV [
YLGURGXSOR 9mRV
9mRV [
YLGURGXSOR 9mRV
9mRV [
YLGURGXSOR 9mRV
9mRV [
YLGURGXSOR 9mRV
9mRV [
YLGURGXSOR 9mRV
9mRV [
YLGURGXSOR 9mRV
9mRV [
YLGURGXSOR 9mRV
9mRV [
YLGURGXSOR 9mRV
9mRV [
$EUHYLDWXUDVXWLOL]DGDV
0 0 0DWHULDOGDFDL[LOKDULD )0 )UDomRGHDUR
'LPHQV}HV /DUJXUD[$OWXUDFP 5Z&&WU 9DORUHVGHLVRODPHQWRVRQRURG%
9DORUHVGHLVRODPHQWRVRQRURG%
6,67(0$'(&203$57,0(17$d2
6,67(0$'(&203$57,0(17$d2
3DUHGHVGLYLVyULDV
3DUHGHLQWHULRUGHFPFRPLVRODPHQWR 6XSHUItFLHWRWDOPð
/LVWDJHPGHFDPDGDV
/LVWDJHPGHFDPDGDV
$UJDPDVVDHUHERFRWUDGLFLRQDO
$UJDPDVVDHUHERFRWUDGLFLRQDO FP
3ROLHVWLUHQRH[WUXGLGR;36
3ROLHVWLUHQRH[WUXGLGR;36 FP
7LMRORFHUkPLFRIXUDGRFP
7LMRORFHUkPLFRIXUDGRFP FP
$UJDPDVVDHUHERFRWUDGLFLRQDO
$UJDPDVVDHUHERFRWUDGLFLRQDO FP
(VSHVVXUDWRWDO
(VSHVVXUDWRWDO FP
&RPSRUWDPHQWRDF~VWLFR55$(0DVVDVXSHUILFLDONJPð
0DVVDVXSHUILFLDONJPð
47$9$5(6$UTXLWHFWXUDH(QJHQKDULD/GD_$Y
47$9$5(6$UTXLWHFWXUDH(QJHQKDULD/GD_$Y$EULO/RWH$QGDU±/
Y Z [ \ ] ^ _ ` ^ ` _ \ a b c d e b f b Y Z b \ ] a ] g
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0DVVDVXSHUILFLDOGRHOHPHQWREDVHNJPð
0DVVDVXSHUILFLDOGRHOHPHQWREDVHNJPð
,VRODPHQWRDF~VWLFR5Z&&WUG%
&DOFXODGRVHJXQGRRPpWRGRGHSUHYLVmRJUiILFD
&DOFXODGRVHJXQGRRPpWRGRGHSUHYLVmRJUiILFD
3DUHGHLQWHULRUGHFP 6XSHUItFLHWRWDOPð
/LVWDJHPGHFDPDGDV
/LVWDJHPGHFDPDGDV
$UJDPDVVDHUHERFRWUDGLFLRQDO
$UJDPDVVDHUHERFRWUDGLFLRQDO FP
7LMRORFHUkPLFRIXUDGRFP%
7LMRORFHUkPLFRIXUDGRFP% FP
$UJDPDVVDHUHERFRWUDGLFLRQDO
$UJDPDVVDHUHERFRWUDGLFLRQDO FP
(VSHVVXUDWRWDO
(VSHVVXUDWRWDO FP
&RPSRUWDPHQWRDF~VWLFR55$(0DVVDVXSHUILFLDONJPð
VXSHUILFLDONJPð
,VRODPHQWRVRQRURSRUHQVDLR5Z&&WUG%
5HIHUrQFLDGRHQVDLR
5HIHUrQFLDGRHQVDLR
3DYLPHQWRVHQWUHSLVRV
/DMHPDFLoDWLSR 6XSHUItFLHWRWDOPð
/LVWDJHPGHFDPDGDV
/LVWDJHPGHFDPDGDV
&HUkPLFDYLGUDGDJUpVFHUkPLFR FP
%HWmRFHOXODUDXWRFODYDGR FP
/DMHPDFLoDFP FP
(VWXTXHSURMHWDGRRXILQRRXGHHOHYDGDGXUH]D FP
(VSHVVXUDWRWDO
(VSHVVXUDWRWDO FP
&RPSRUWDPHQWRDF~VWLFR55$( 0DVVDVXSHUILFLDONJPð
0DVVDVXSHUILFLDONJPð
,VRODPHQWRVRQRURSRUHQVDLR5Z&&WUG%
5HIHUrQFLDGRHQVDLRSDYLPHQWRFRPLVRODPHQWRFRPOmGHILEUDGHF{FR
5HIHUrQFLDGRHQVDLRSDYLPHQWRFRPLVRODPHQWRFRPOmGHILEUDGHF{FR
1tYHOJOREDOGHSUHVVmRVRQRUDDVRQVGHSHUFXVVmRQRUPDOL]DGRSRUHQVDLR/QG%
1tYHOJOREDOGHSUHVVmRVRQRUDDVRQVGHSHUFXVVmRQRUPDOL]DGRSRUHQVDLR/
/DMHPDFLoDWLSR 6XSHUItFLHWRWDOPð
/LVWDJHPGHFDPDGDV
/LVWDJHPGHFDPDGDV
&HUkPLFDYLGUDGDJUpVFHUkPLFR FP
$UJDPDVVDEDVWDUGD FP
3ROLHVWLUHQRH[WUXGLGR;36 FP
/DMHPDFLoDFP FP
$UJDPDVVDHUHERFRWUDGLFLRQDO FP
(VSHVVXUDWRWDO
(VSHVVXUDWRWDO FP
&RPSRUWDPHQWRDF~VWLFR55$( 0DVVDVXSHUILFLDONJPð
0DVVDVXSHUILFLDONJPð
0DVVDVXSHUILFLDOGRHOHPHQWREDVHNJPð
0DVVDVXSHUILFLDOGRHOHPHQWREDVHNJPð
,VRODPHQWRDF~VWLFR5Z&&WUG%
47$9$5(6$UTXLWHFWXUDH(QJHQKDULD/GD_$Y
47$9$5(6$UTXLWHFWXUDH(QJHQKDULD/GD_$Y$EULO/RWH$QGDU±/
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352-(72'((678'2$&Ò67,&2'$&216758d2'$6('('2&/8%('(7e1,6'$$0$'25$±'(6&5,d20$7(5,$,6
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&DOFXODGRVHJXQGRRPpWRGRGHSUHYLVmRJUiILFD
&DOFXODGRVHJXQGRRPpWRGRGHSUHYLVmRJUiILFD
1tYHO
1tYHOJOREDOGHSUHVVmRVRQRUDDVRQVGHSHUFXVVmRQRUPDOL]DGR/
L]DGR/QG%
&DOFXODGRVHJXQGRRPpWRGRGRLQYDULDQWH, G%
G
/DMHPDFLoDWLSRLVRODPHQWR 6XSHUItFLHWRWDOPð
/LVWDJHPGHFDPDGDV
/LVWDJHPGHFDPDGDV
(VSXPDGHSROLHWLOHQRGHJUkQXORVOHYHVRXILEUDVVROWDV3()
JUkQXORVOHYHVRXILEUDVVROWDV3() FP
&HUkPLFDYLGUDGDJUpVFHUkPLFR FP
%HWmRFHOXODUDXWRFODYDGR FP
/DMHPDFLoDFP FP
(VWXTXHSURMHWDGRRXILQRRXGHHOHYDGDGXUH]D FP
(VSHVVXUDWRWDO
(VSHVVXUDWRWDO FP
&RPSRUWDPHQWRDF~VWLFR55$( 0DVVDVXSHUILFLDONJPð
0DVVDVXSHUILFLDONJPð
0DVVDVXSHUILFLDOGRHOHPHQWREDVHNJPð
0DVVDVXSHUILFLDOGRHOHPHQWREDVHNJPð
,VRODPHQWRVRQRURSRUHQVDLR5Z&&WUG%
5HIHUrQFLDGRHQVDLRSDYLPHQWRFRPLVRODPHQWRFRPOmGHILEUDGHF{FR
5HIHUrQFLDGRHQVDLRSDYLPHQWRFRPLVRODPHQWRFRPOmGHILEUDGHF{FR
0HOKRULDGRtQGLFHJOREDOGHUHGXomRVRQRUDSRQGHUDGR$GHYLGRDRSDYLPHQWRIOXWXDQWH
0HOKRULDGRtQGLFHJOREDOGHUHGXomRVRQRUDSRQGHUDGR$GHYLGRDRSDYLPHQWRIOXWXDQWH
'5$G%$
1tYHOJOREDOGHSUHVVmRVRQRUDDVRQVGHSHUFXVVmRQRUPDOL]DGRSRUHQVDLR/QG%
1tYHOJOREDOGHSUHVVmRVRQRUDDVRQVGHSHUFXVVmRQRUPDOL]DGRSRUHQVDLR/
5HGXomRGRQtYHOJOREDOGHSUHVVmRVRQRUDDVRQVGHSHUFXVVmRGHYLGRDRSDYLPHQWR
5HGXomRGRQtYHOJOREDOGHSUHVVmRVRQRUDDVRQVGHSHUFXVVmRGHYLGRDRSDYLPHQWR
IOXWXDQWH 'ZG%
IOXWXDQWH'/
$EHUWXUDVYHUWLFDLVLQWHULRUHV
3RUWDV
7LSR 'LPHQV}HV
'LPHQV}HV
3RUWDLQWHULRU[ [
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3RUWDLQWHULRU [
3RUWDLQWHULRU [
3RUWDLQWHULRU [
3RUWDLQWHULRU [
3RUWDLQWHULRU [
3RUWDLQWHULRU [
$EUHYLDWXUDVXWLOL]DGDV
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9DORUHVGHLVRODPHQWRVRQRURG%
0$7(5,$,6
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0DWHULDO H U O 57 &S
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(VWXTXHSURMHWDGRRXILQRRXGHHOHYDGDGXUH]D
/DMHPDFLoDFP
0HPEUDQDVIOH[tYHLVLPSUHJQDGDVFRPEHWXPH
0HPEUDQDVIOH[tYHLVLPSUHJQDGDVFRPEHWXPH
3DLQpLVGHDJORPHUDGRGHSDUWtFXODVGHPDGHLUD
3ROLHVWLUHQRH[WUXGLGR;36
3ROLHVWLUHQRH[WUXGLGR;36
7LMRORFHUkPLFRIXUDGRFP
7LMRORFHUkPLFRIXUDGRFP
$EUHYLDWXUDVXWLOL]DGDV
H (VSHVVXUDFP 57 5HVLVWrQFLDWpUPLFDPðā&:
U 'HQVLGDGHNJPñ &S &DORUHVSHFtILFR-NJā&
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9LGURV
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