You are on page 1of 4

(VFROD6HFXQGiULDGD6p/DPHJR

3URYD(VFULWDGH0DWHPiWLFD
 7XUPD$3URYD ž$QR

1RPH BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB 1ž BBBB 7XUPD BBB

3DUWH
3DUDFDGDXPDGD V VHJXLQWHV  TXHVW}HV GH HVFROKD P~OWLSOD VHOHFFLRQHD UHVSRVWD FRUUHFWDGHHQ WUHD V DOWHUQDWLYDV
TXHOKHVmRDSUHVHQWDGDVHHVFUHYDQDVXDIROKDGHUHVSRVWDVDOHWUDTXHOKHFRUUHVSRQGH
$WHQomR 6HDS UHVHQWDU PDLV GR TXH XPD UHVSRVWDDTXH VWmR VHUiDQX ODGD R PHVPRD FRQWHFHQGRH P FDVRGH
UHVSRVWDDPEtJXD&RWDomRFDGDUHVSRVWDFHUWDSRQWRVFDGDUHVSRVWDHUUDGDSRQWRVTXHVWmRQmR UHVSRQGLGD
RXDQXODGDSRQWRV

 'HXPDIXQomRKUHDOGHYDULiYHOUHDOVDEHVHTXH
x WHPGRPtQLR ,5 ? ^`
x WHPXP]HURSDUD [ 
x K
 

(QWmRK SRGHVHU

 [
>$@ K [   >%@ K [ 
[  [ 

>&@ >'@

 1XPEDUGHXPDHVFRODHVWmRjYHQGDFLQFRWLSRVGHSDVWpLV ODUDQMDIHLMmRQDWDFRFRHDPrQGRD 
4XDWURDPLJRV-RmR0DULD3DXORH5XLGHFLGHPFRPHUXPSDVWHOFDGDXP
2-RmRHVFROKHRSDVWHOGHODUDQMDRXGHIHLMmR$0DULDQmRHVFROKHRSDVWHOGHQDWD
'HTXDQWDVPDQHLUDVGLIHUHQWHVSRGHPVHUHVFROKLGRVRVSDVWpLV"

>$@ 
&  >%@       >&@  u  u   >'@ 
$ 

 &RQVLGHUHDHVIHUDGHILQLGDSHODFRQGLomR [     \     ]    d  
6DEHQGRTXH>$%@ pXPGLkPHWURGHVVDHVIHUDHTXH$ WHPFRRUGHQDGDV  LQGLTXHDVFRRUGHQDGDVGH%

>$@   >%@   >&@   >'@  

 
&   & pLJXDOD

>$@ 
&  >%@ 
&  >&@ 
&   >'@ 
&  

3ž$ 3iJLQD
 1RUHIHUHQFLDOFDUWHVLDQRRUWRJRQDOGDILJXUDHVWiUHSUHVHQWDGDXPDHOLSVHHPTXHRVHL[RVGHVLPHWULDVmRRVHL[RV
FRRUGHQDGRV
$UHFWDU pSDUDOHODDRHL[R2\ HSDVVDSRUXPGRVIRFRVGDHOLSVH
8PDFRQGLomRTXHGHILQHDUHJLmRVRPEUHDGDLQFOXLQGRRFRQWRUQRp

[ \
>$@  d š [ d   \
  
U

[ \ 
>%@  d š \ d 
  

[ \      [
>&@  d š [ d 
  

[ \
>'@  d š [ d   
 

 2YDORUGHP SDUDRTXDODUHFWDU [ \  ]     N  P   N  ,5 pSDUDOHODDRSODQRS  [  \  ]  p

>$@ P  >%@ P  
>&@ TXDOTXHUYDORUUHDO >'@ P 

 $UTXLPHGHVLQFHQGLRXRVEDUFRVURPDQRVTXHFHUFDYDP6LUDFXVDUHFRUUHQGRDHVSHOKRVGLVSRVWRVVHJXQGR
SDUiERODV$DFomRGH$UTXLPHGHVEDVHRXVHQRFRQKHFLPHQWRGDVHJXLQWHSURSULHGDGH

>$@ 2VUDLRVTXHLQFLGHPQXPDSDUiERODHTXHWrPGLUHFomRSDUDOHODjGDGLUHFWUL]UHIOHFWHP VHSDVVDQGRSHORIRFR


>%@ 2VUDLRVTXHLQFLGHPQXPDSDUiERODSDUDOHODPHQWHDRHL[RUHIOHFWHP VHSDVVDQGRQXPPHVPRSRQWRGDGLUHFWUL]
>&@ 7RGRVRVUDLRVTXHLQFLGHPQXPDSDUiERODUHIOHFWHP VHSDVVDQGRSHORIRFR
>'@ 2VUDLRVTXHLQFLGHPQXPDSDUiERODSHUSHQGLFXODUPHQWHjGLUHFWUL]UHIOHFWHP VHSDVVDQGRSRUXPPHVPRSRQWR 

 $ILJXUDUHSUHVHQWDRJUiILFRGDVHJXQGDGHULYDGD GHXPDIXQomRI
\
GHILQLGDHP,5
4XDOGDVVHJXLQWHVDILUPDo}HVpYHUGDGHLUD"

>$@ 2JUiILFRGHI WHPGRLVSRQWRVGHLQIOH[mR


>%@ 2JUiILFRGHI WHPDSHQDVXPSRQWRGHLQIOH[mR  [
>&@ $FRQFDYLGDGHGRJUiILFRGHI HVWiVHPSUHYLUDGDSDUDFLPD
>'@ $FRQFDYLGDGHGRJUiILFRGHI HVWiVHPSUHYLUDGDSDUDEDL[R

­\  ] 
°
 2VLVWHPD ® [  \  ]  SRGHVHULQWHUSUHWDGRJHRPHWULFDPHQWHSRU
°̄
]  \ 

>$@ >%@ >&@ >'@

3iJLQD 3ž$
3DUWH
1DVTXHVW}HVVHJXLQWHVDSUHVHQWHR VHXUDFLRFtQLRGH IRUPDFODUDLQGLFDQGRWRGRVRVFiOFXORVTXHWLYHUGHHIHFWXDUH
DVMXVWLILFDo}HVTXHHQWHQGHUQHFHVViULDV

 3DUWLQGRGHXPUHFWkQJXORGHGLPHQV}HVFPSRUFP
FRQVWUXtUDPVHUHFWkQJXORVWRPDQGRSDUDVXDGLDJRQDOPHWDGHGD
GLDJRQDOGRUHFWkQJXORDQWHULRU
6HQGR 3Q H $Q DVVXFHVV}HVGRVSHUtPHWURVHGDViUHDVGRV FP
VXFHVVLYRVUHFWkQJXORVHUHSUHVHQWDQGRSRU 3 DVRPDGHWRGRVRV
WHUPRVGH 3Q HSRU $ DVRPDGHWRGRVRVWHUPRVGH $Q PRVWUH

TXH 3  FP H $ FP  FP


 )RLDGPLQLVWUDGRXP PHGLFDPHQWRDXPGRHQWHjVKRUDVGDPDQKmGHXPFHUWRGLD
$FRQFHQWUDomRGHVVHPHGLFDPHQWRHPPLOLJUDPDSRUPLOLOLWURGHVDQJXHW KRUDVDSyVWHUVLGRDGPLQLVWUDGRpGDGD
SRU
W
& W
W  


D 8WLOL]HR7HRUHPDGH%RO]DQRSDUDPRVWUDUTXHKRXYHXPLQVWDQWHHQWUHDVKHDVKPLQHPTXHD
FRQFHQWUDomRGRPHGLFDPHQWRIRLGHPJPO

& W  & 
E &DOFXOH OLP H OLP & W HLQWHUSUHWHRVUHVXOWDGRVTXHHQFRQWURX
W o  W W o f

F 5HFRUUHQGRjGHULYDGDGDIXQomR&GHWHUPLQHRLQVWDQWHHPTXHDFRQFHQWUDomRGHPHGLFDPHQWRQRVDQJXH
GRGRHQWHIRLPi[LPDDVVLPFRPRRYDORUGHVVDFRQFHQWUDomR

 8PDFDL[DFRQWpPERPERQVFRPLJXDODVSHFWRH[WHULRUWrPUHFKHLRGHDPrQGRDHUHFKHLRGHFDIp
6HWLUDUPRVDRDFDVRERPERQVTXDODSUREDELOLGDGHGHGRLVHVyGRLV WHUHPUHFKHLRGHFDIp"

 1RUHIHUHQFLDORUWRQRUPDGR 2[\] FRQVLGHUHRFXER ]


>$%&'()*+@
x 2,-. H/ VmRRVSRQWRVPpGLRVGH>'+@>(+@ + *
>&*@>%&@ H>$(@UHVSHFWLYDPHQWH
,
x /  H-  
2 - 
D 0RVWUHTXHDUHFWD.- pSHUSHQGLFXODUjUHFWD$% ( \
)
E 'HWHUPLQHXPDHTXDomRFDUWHVLDQDGRSODQR%-/
'
F 'HWHUPLQHXPDHTXDomRYHFWRULDOGDUHFWDGH /  &
LQWHUVHFomRGRVSODQRV%-/ H()*
127$&DVRQmRWHQKDUHVROYLGRDDOtQHDDQWHULRUFRQVLGHUH .
[  \  ]  XPDHTXDomRGRSODQR%-/ [

$ %
G 'HWHUPLQHRYROXPHGDSLUkPLGH>$(,)@

),0
23URIHVVRU

3ž$ 3iJLQD
&27$d®(6

3DUWH  SRQWRV

&DGDUHVSRVWDFHUWD  SRQWRV

&DGDUHVSRVWDHUUDGD SRQWRV
( 5 5 $ ' $ 6
         
&DGDTXHVWmRQmRUHVSRQGLGDRXDQXODGD SRQWRV
          
         
8PWRWDOLQIHULRUD]HURQD3DUWHYDOHSRQWRV &         
(        
5       
7      
$     
6    
  
 

3DUWH  SRQWRV

  SRQWRV

  SRQWRV
D  
E  
F  

  SRQWRV

  SRQWRV
D  
E  
F  
G  

7RWDO SRQWRV

3iJLQD 3ž$

You might also like