!

" #

$ %

&'(
)*+& ,(
&-.,.' %

/01)* 2-
*3.'.*0,4&0(
* %

56
&7(
.3*' +* 2-
*3.'.*0,4&0(
* %

&'(
)*+& (
*78' 9

&2*'.1)*+& (
*78' $

:
,0&,4&0(
*+, -
*+/1)*

0(
-*+/1)*

&.*' +& -
*+/1)*

&'(
)*+, -
*+/1)*

0(
-*+/1)*

56
&7(
.3*' +, &'(
)*+, -
*+/1)*

:
,0&,4&0(
*+, -
*+/1)*

*0(
-*:
*+, -
*+/1)* #

0(
-*+/1)* #

;(
*+*+& ,0(
( %

;(
*+* &-
( <

CENFIM 1
# /'(
*' & -
1,4&0(
*' =

# /'(
*' +& -
*+/1)* =

# /'(
*' +& *42-
,> ? $

# /'(
*' +& -
,0'2*-
(& $

# /'(
*' +& @
&7(
.3,1)*+& 07*4&0+, > ? $

## /'(
*' +& *''&+& (
*78

A B C #

A B #

C #

CENFIM 2
 *@
.0,:+&'(
, 0.+,+& &+,DED.7, +&3&-
F'&-7,2,G+&H

*0I&7&-, @
/01)* 2-
*3.'.*0,4&0(
*&'&/ *56
&7(
.3*
*0I&7&-*' 4&.*' +&D&'(
)*+&'(
*78'
:
,0&,-&7*0(
-*:
,-, -
*+/1)*+/4, /0.+,+&.0+/'(
-.,:
,:
7/:
,-7/'(
*' +&2-
*+/1)*&&:
,5*-
,-*-
1,4&0(
*'

&4,' , ,5*-
+,-
H

&'(
)*+&4,(
&-.,.'
:
,0&,4&0(
*+, -
*+/1)*
*0(
-*:
*+, -
*+/1)*
/'(
*' & -
1,4&0(
*'

2&-
,1)*H

/-
,0(
&*+&'&03*:
3.4&0(
*+&'(
, 0.+,+& &+,DED.7, '&-
)*,2-
&'&0(
,+*' *' (
&4,'
0&:
,@*7,+*'J &'7:
,-&7&0+*,' K/&'(
L&' K/&2*+&-
)*'/-
D.-2,-
, K/&2*'', @
.7,-7*4
/4, 3.')*4,.' ,:
,-D,+, +* :
,0&,4&0(
*& *0(
-*:
*+, -
*+/1)*

/01)* 2-
*3.'.*0,4&0(
*
-
4,G&0,4&0(
*&D&'(
)*+&'(
*78'
:
,0&,4&0(
*+&(
,-&@
,' +&2-
*+/1)*
,'&' +&7*0(
-*:
*+&2-
*+/1)*
F:
7/:
*+&7/'(
*' +&2-
*+/1)*&&:
,5*-
,1)*+&*-
1,4&0(
*'

CENFIM 3
 !"
#"$
%#&

&3&-
FH

&-7*0I&7.4&0(
*' 5F'.7*' +&2-
*7&''*' +&@
,5-
.7*

&3&-
F&07*0(
-,-
H

7*42,0I,4&0(
*&'2&7.,:
.G,+*0*+&7*-
-&-+,' '&''L&'
*:
I,' +&.0@
*-4,1)*(
&70*:
ED.7,
A/&'(
L&' & &M&-
7N7.*' '*5-
& D&'(
)* +& 4,(
&-.,.'J D-
F@.7*' +& 2-
*+/1)* &
&:
,5*-
,1)*+&*-
1,4&0(
*'

CENFIM 4
 '( ') * +

'( ')

CENFIM 5
 , ' '

#$
-%. /$ "
/"#

0 !12-% 3 %4"
#"%1/5 1$
%

4, +,' @
/01L&' +& 4,.*- -
&'2*0',5.:
.+,+&J +&0(
-* +,' &42-
&','J ; , @
/01)*
2-
*3.'.*0,4&0(
*

)**' &:
&4&0(
*' +*'&7(
*-+& 2-
*3.'.*0,4&0(
*' K/&7*0(
,7(
,4 7*4 ,' &42-
&','
*/ &0(
.+,+&' &M(
&-0,'J K/& @
*-0&7&4 '&-
3.1*'J 4,(
;-., 2-
.4,J 7*42*0&0(
&' &
*/(
-*' 4,(
&-.,.' 0&7&''F-
.*' ,*@
/07.*0,4&0(
*+, &42-
&',

2-
*3.'.*0,4&0(
*;-
&'2*0'F3&:2*-&:
&3,+*' D,'(
*' &4 +.0I&.-
*J -
&'/:
(,0(
&' +,
7*0(
-,(
,1)* +&'&-
3.1*' &+, ,K/.'.1)*+*' 4,(
&-.,.' +&'(
.0,+*' ,*@
/07.*0,4&0(
*
+, &42-
&',

*4* * 2-
*3.'.*0,4&0(
*(&4 /4 .42,7(
* 4/.(
* D-
,0+& 0*' -
&'/:
(,+*' +,
&42-
&',J /4, D&'(
)* +&@
.7.&0(
& 2*+& :
&3,-, /4, '.(
/,1)* 4/.(
* +.@
N7.:
J 'E /4,
5*, D&'(
)*2*+&-
F7*0+/G.-, &M7&:
&0(
&' -
&'/:
(,+*'

0 67 8$
"4%#.% 3 %4"
#"%1/5 1$
%

2-
*3.'.*0,4&0(
*(&4 7*4*@
/01)*&-
&'2*0',5.:
.+,+&H
+&0(
.@.7,-
J ,3,:
.,- & '&:
&77.*0,- *' @
*-0&7&+*-
&' +& 4,(
;-., 2-
.4,J '&-
3.1*'J
7*42*0&0(
&' &*/(
-*' 4,(
&-.,.' 0&7&''F-
.*' O&42-
&',P
''&D/-
,- 5*,' -
&:,1L&' 7*4 *' @
*-0&7&+*-
&'J (
&0+* &4 7*0(
, *' 2-
,G*' +&
&0(
-&D,J 2,D,4&0(
*'J K/,:
.+,+&J (
-*7,' &+&3*:
/1L&'P
-
*7/-
,-0*3*' 2-
*+/(
*' &0*3*' @
*-0&7&+*-
&'P
+K/.-
.-*' 2-
*+/(
*' 0&7&''F-
.*'J ,(
&0+&0+*OK/,:
.+,+&&,*4&:
I*-2-
&1*P
07&0(
.3,-& 7**2&-
,-&4 2-
*D-
,4,' 7*06
/0(
*' +&4&:
I*-
., +, K/,:
.+,+&J -
&+/1)*
+&7/'(
*'J &'(
/+*' +&4&-
7,+*&2:
,0&,4&0(
*, :
*0D*2-
,G*P
,0(
&- 7*4/0.7,1)* 7*4 *' +.3&-
'*' +&2,-
(,4&0(
*' +, &42-
&',J 7*4 *'
@
*-0&7&+*-
&' &7*4 2*(
&07.,.' 0*3*' @
*-0&7&+*-
&'P

CENFIM 6
0@
*-4,-, D&'(
)* +*' 7/'(
*' &03*:
3.+*' 0, 7*42-
, & '&:
&71)* +& @
*-0&7&+*-
&' &
+,' ,:
(&-
,1L&' +&4&-
7,+*J K/&2*'',4 .0@
:/&07.,-*' -
&'/:
(,+*' */ , &'(
-,(
;D., +,
&42-
&',

*-
(,0(
*J 2*+& '&+.G&-K/&* *56
&7(
.3* +* 2-
*3.'.*0,4&0(
* ;*5(
&-@
*-0&7&+*-
&'
K/& D,-
,0(
,4 /4, 5*, -
&:,1)* &0(
-& , K/,:
.+,+& +* 2-
*+/(
* & * '&/ 2-
&1* &
2-
,G*' +& &0(
-&D,J +& 4*+* , K/&, -
*+/1)* 2*'', @
*-0&7&-5&0' */ '&-
3.1*' +&
K/,:
.+,+&+&0(
-*+*' 2-
,G*' &M.D.+*' 2&:
*7:
.&0(
&

,-
, '& 7*0'&D/.-,(
.0D.-* *56
&7(
.3*J ; 0&7&''F-
.* (
&-@
*-0&7&+*-
&' @
.F3&.'J '&4
@
,:I,' 0, K/,:
.+,+&+*2-
*+/(
*&0*' 2-
,G*' +&&0(
-&D,

0
9 #$
-%. $
%8:#

#$
-% 8%1;5"
8/. $
%8:#
D&'(
)* &7*0E4.7, +*' '(
*78' .07:
/. '& 0, @
/01)* +& &'(
)* +& (
*78'J & 2*+& '&-
+&@
.0.+, 7*4*'&0+*/4 7*06
/0(
*+&*2&-
,1L&' K/&2&-
4.(
&2-
&3&-&+&7.+.-K/,0+*&
K/,0(
* &07*4&0+,-
J 7*4 * *56
&7(
.3* +& 7*0'&D/.- , 4&:
I*- K/,:
.+,+& ,* 4N
0.4*
7/'(
*

D&'(
)*&7*0E4.7, +&'(
*78' 2&-
4.(
&H
*K/&7*42-
,-
+&(
&-4.0,-K/,0(
*7*42-
,-
K/,0+*7*42-
,-

%2-%. #$
%8:
(
*78;, K/,0(
.+,+&+&/0.+,+&' +&/4 ,-
(.D*K/&7*0'(
.(/. , -
&'&-
3, 2,-
, ',(
.'@
,G&-
/4, @
/(/-
, 0&7&''.+,+&+&7*0'/4*

7*06
/0(
*+&(
*+*' *' ,-
(.D*' 7*0'(
.(/. *'(
*78D:
*5,:+, &42-
&',

7*0'/4* -
&@&-
& '&O /(
.:
.G,1)* */ O ',N
+, +&/4 +&(
&-4.0,+* 0Q4&-
* +&/0.+,+&'
+&/4 +,+*,-
(.D*

%5 18<
/$!/
R7*03&0.&0(
&.+&0(
.@.7,-(
*+*' *' ,-
(.D*' &M.'(
&0(
&' &4 ,-
4,G;4

CENFIM 7
 *4&07:
,(/-
, ; * 7*06
/0(
* +& (
&-4*' K/& +&@
.0&4 7*4 2-
&7.')* *' ,-
(.D*'
7*0'/4.+*' 2&:
, &42-
&',J K/& +&3&4 '&- +&3.+,4&0(
&-&D.'(
,+*' & *-
+&0,+*'
'&D/0+*7-
.(;-
.*' ,+&K/,+*' 0*4&07:
,(/-
, 7*42-
&&0+&, +&'.D0,1)*&7*+.@
.7,1)*

+&'.D0,1)*.+&0(
.@.7, *2-
*+/(
*2*-4&.*+, +&'7-
.1)*7*03&07.*0,+, &4 :
.0D/,D&4
@
,:,+, & &'7-
.(, +&'.D0,1)* +&3& '&-&:
,5*-
,+, , 2,-
(.-+* D&-
,:2,-
, * 2,-
(.7/:
,-J
.'(
*;J 7*4&1,0+*, 7,-
,7(
&-.G,1)*+&@
*-4, D:
*5,:2,-
, ,' 4,.' &'2&7N
@.7,' +*,-
(.D*
*/ 2-
*+/(
*

7E+.D* +&3& '&- /4, '.42:

.@
.7,1)* 7*42:
&4&0(
,- +, +&'.D0,1)*J ,(
-,3;' +&
'N
45*:
*'J 2,-
, /4, .+&0(
.@.7,1)*,5-
&3.,+, +&7,+, ,-
(.D*

"
3%#. #$
%8:#
, D&'(
)*+&'(
*78' 2*+&4 '&7*0'.+&-
,-3F-
.*' (
.2*' +&'(
*78'H
(
*780*-
4,: &0D:
*5, (
*+*' *' ,-
(.D*' 7*0'/4.+*' -
&D/:
,-4&0(
&P
(
*78+&'&D/-
,01, ;, 2,-
(&+*'(
*78D:
*5,:K/&;+&'(
.0,+, , 2-
&3&0.--
/2(
/-,' +&
4,(
&-.,:
P
(
*78,@
&7(
,+* ;, 2,-
(&+*'(
*78D:
*5,:K/&;+&'(
.0,+, , @
.0' &'2&7N
@.7*'P
(
*78D:
*5,: ;(
*+, , &M.'(
S07., @
N'.7, +&+&(
&-4.0,+*,-
(.D*&4 +,+*4*4&0(
*J &;
.D/,:,*'*4,(
E-.*+*'(
*780*-
4,:
J '(
*78+&'&D/-
,01, &'(
*78,@
&7(
,+*
*+& '&J ,.0+,J &07*0(
-,-*/(
-,' +&@
.0.1L&' +&'(
*78H
(
*784FM.4* 3,:
*-4FM.4*,(
.0D.+*2&:
*'(
*780*-
4,:
P
(
*784N
0.4* 3,:
*-4N
0.4*,(
.0D.+*2&:
*'(
*780*-
4,:
P
(
*784;+.* 3,:
*-4;+.*+,' &M.'(
S07.,' &4 +&(
&-4.0,+*4*4&0(
*P
(
*78 &4 (
-T0'.(
* ,-
(.D* K/& &0(
-, &4 ,-
4,G;4 2*-/4 2&-
N*+* +& (
&42*
:
.4.(
,+*P
(
*78+&-
&7/2&-
,+*' ,-
(.D*' +&3*:
3.+*' ,*,-
4,G;4

4-
&:,1)*,*2-
*7&''*2-
*+/(
.3*J *' '(
*78' 2*+&4 '&-7:
,''.@
.7,+*' &4H
-
*+/(
*' +&7*4&-
7.,:
.G,1)* ,+K/.-
.+*' ,*@
*-0&7&+*-&+&'(
.0,+*' O3&0+,P
-
*+/(
*' +& 7*0'/4* ,+K/.-
.+*' ,* @
*-0&7&+*- & +&'(
.0,+*' , '&-
&4
7*0'/4.+*' 2&:
, &42-
&',P
,(
;-.,' 2-
.4,' &7*42*0&0(
&' +&'(
.0,+*' , .07*-
2*-
,-&4 *2-
*+/(
*@.0,:
P
,(
&-.,.' ,/M.:
.,-
&' +&'(
.0,+*' ,* @
,5-
.7*J 4,' 0)* ')* .07*-
2*-
,+*' 0*
2-
*+/(
*@.0,:
P
,(
&-.,.' +&7*0'&-
3,1)*J 2&1,' &,7&''E-
.*'P
&-
-,4&0(
,'P
45,:
,D&0'P

CENFIM 8
 -
*+/(
*' @
.0,.'

!12-%.%##$
%8:#
' '(
*78' (
S4 , @
/01)* +& +&'&42&0I,-
&4 * 2,2&:+& ,4*-
(&7&+*-
&' &0(
-& ,'
7*42-
,' & ,' 3&0+,'J &0(
-& ,' 7*42-
,' & , 2-
*+/1)*J 0,' +.@
&-&0(
&' @
,'&' +&
2-
*+/1)*J &(
,45;4 &0(
-&, 2-
*+/1)*&,' 3&0+,'

*+& '&J &0(

)*J +.G&-K/& * '(
*78 ; Q(
.:
J 2*-
K/& +&@
&0+& , &'7,''&GJ .'(
* ;J 2-
*7/-
,
&3.(
,-,' @
,:(
,' K/&2*+&-
)**7*-
-&-+*' +.@
&-&0(
&' -
.(4*' +&0&7&''.+,+&' +&7*42-
,
&2-
*+/1)*J 0,' @
,'&' +&2-
*+/1)*J +&7*0'/4**/ 3&0+,

,45;4 +&3&'&-(
*4,+*&4 7*0(
, , '/, /(
.:
.+,+&2*-
K/&H
*+& '&- 3,0(
,6*'* 7*0'(
.(/.- '(
*78' 7*4 @
.0,:
.+,+& &'2&7/:
,(.3,J .'(
* ;J 7*42-
,-
K/,0+**' 2-
&1*' &'(
)*5,.M*' 2,-
,-&3&0+&-*/ /(
.:
.G,-K/,0+**' 2-
&1*' '/5.-
&4P
3.(
, 7*42-
,' @
-&K/&0(
&' +&2&K/&0,' K/,0(
.+,+&'P
7*42-
, &4 D-
,0+&' K/,0(
.+,+&' 2*+&2-
*2*-
7.*0,--
&+/1L&' +&2-
&1*
/(
.:
.+,+&+*' '(
*78' (
&4 7*4*7*0(
-,2,-
(.+,J *' '&/' 7/'(
*'J K/&7*-
-&'2*0+&4 ,*'
7/'(
*' +& 7*42-
, */ ,K/.'.1)*J 7/'(
*' +& -
&,:
.G,1)* +& &07*4&0+, & 7/'(
*' +&
,-
4,G&0,D&4

'(
&' 7/'(
*' ')* .42*-
(,0(
&'J & * '&/ '*4,(
E-.* 7*-
-&'2*0+& ,* 7/'(
*(*(
,:+&
,2-
*3.'.*0,4&0(
*

=>
"8%./ 4%<
!2-%.%##$
%8:#*%! ? =>
"8% 5 . 1$ #. # /+
4*3.4&0(
* +,' &M.'(
S07.,' 2*+&'&-&M2-
&''*2&:
*D-
F@.7*&4 +&0(
&' +&'&-
-,J K/&
-
&:,7.*0, ,' &0(
-,+,' &,' ',N
+,' +*' ,-
(.D*' 7*4 *(
&42*

.D -
F@.7*+&4*3.4&0(
,1)*-
&,:+*'(
*78

CENFIM 9
 0,:
.',0+* * D-
F@.7* 3&-
.@.7, '&K/&IF /4, +&'7*0(
.0/.+,+&+,' ',N
+,' +&,-
4,G;4J
-
&2-
&'&0(
,+, 2*-/4, '/7&'')* +& '&4. -
&7(
,' &4 @
*-4, +& &'7,+,J '.D0.@
.7,0+* ,'
3&-
(.7,.' ,' K/,0(
.+,+&' ',N
+,' */ &0(
-,+,' & ,' I*-
.G*0(
,.' , 4,0/(
&01)* +* '(
*78
+/-
,0(
&*2&-
N*+*+&(
&42*,''.0,:
,+*

'(
*78 4;+.* >
A4? ; , 4;+., ,-
.(4;(
.7, +& (
*+,' ,' &M.'(
S07.,' A J A J UJ A@
J
7,:
7/:
,+,' &0(
-&+/,' -
&7&21L&' +&,-
(.D*'

0
@ 3%#"
2-%. $
%8:#

4 D&'(
)*+&'(
*78'J 7*:
*7,4 '&J 0*-
4,:
4&0(
&J +/,' K/&'(
L&'H
A/,0+*&07*4&0+,-
V
A/,0(
*&07*4&0+,-
V

A/,0+*'&+&3&&07*4&0+,-
V , &07*4&0+,J , *-
+&4 +&@
,5-
.7*+&/4 ,-
(.D*J +&3&
'&-@
&.(
, 7*4 2&-
.*+.7.+,+&@
.M,J */J 2*-*/(
-*:
,+*J +&3&'&-7*:
*7,+, K/,0+**'(
*78
,(
.0D&/4 +&(
&-4.0,+*3,:
*-4N
0.4*V

A/,0(
* '& +&3& &07*4&0+,-
V +&3& '& &07*4&0+,-
J */ 4,0+,-@
,5-
.7,-
J '&42-
&,
4&'4, K/,0(
.+,+&+&/4 ,-
(.D*J */ K/,0(
.+,+&' 3,-
.F3&.'V

M.'(
&4 +.@
&-&0(
&' (
.2*' +& 7*45.0,1L&' K/& 7*-
-&'2*0+&4 , +.@
&-&0(
&' 4*+&:
*' +&
D&'(
)* , 2-
F(.7,J *' 4*+&:
*' 4,.' /(
.:
.G,+*' ')**' '&D/.0(
&'H
.'(
&4, +& 2&-
.*+.7.+,+& 3,-
.F3&:& K/,0(
.+,+& @
.M, >
4*+&:
* +& -
&3.')* 7*0(
N0/,?
&07*4&0+, '&/4, K/,0(
.+,+&@
.M, '&42-
&K/&*'(
*78,(
.0D&/4 0N
3&:&'(
,5&:
&7.+*
*0(
*+&&07*4&0+,P
.'(
&4, +&2&-
.*+.7.+,+&@
.M, &K/,0(
.+,+&3,-
.F3&:>
4*+&:
*+&-
&3.')*2&-
.E+.7,? ,
&07*4&0+, ;@
&.(
, 7*4 /4, 2&-
.*+.7.+,+&@
.M, &K/,0(
.+,+&3,-
.F3&:
J +&@
*-4, , -
&2*-
*'(
*78, /4 0N
3&:4FM.4*

$
%.%.%3%1$
%. 18%5 1./
'(
& 4;(
*+* 7*0'.'(
& &4 @
,G&-/4, 0*3, &07*4&0+, '&42-
& K/& * '(
*78 ,(
.0D.-/4
+&(
&-4.0,+* 0N
3&:
J 7I,4,+* 2*0(
* +& &07*4&0+,J K/& @
*. +&(
&-4.0,+* 2-
&3.,4&0(
&
K/,0(
.+,+&, &07*4&0+,-;@
.M,

CENFIM 10
,-
, +&(
&-4.0,-*2*0(
*+&&07*4&0+, /(
.:
.G, '&, '&D/.0(
&@E-
4/:
,H &W X M+ Y 'J
*0+&X ;*7*0'/4*4&0',:2-
&3.'(
*2*-/0.+,+&+&(
&42*J + ;*2-
,G*+&&0(
-&D, &'
;*'(
*78+&'&D/-
,01,

'(
& 4;(
*+* ,2-
&'&0(
, , 3,0(
,D&4 +& '& -
&3&'(
.-+& /4 7&-
(*Z
,/(
*4,(
.'4*[
J 2*.'J
/4, 3&G +&(
&-4.0,+* * 2*0(
* +& &07*4&0+,J (
/+* '& 2-
*7&'', +& @
*-4,
Z
,/(
*4F(
.7,[
J +,+*K/&'&42-
&K/&*'(
*78,(
.0D&*2*0(
*+&&07*4&0+,J &@
&7(
/, '&
, &07*4&0+, +&/4, 0*3, K/,0(
.+,+&

4, +,' +&'3,0(
,D&0' +&'(
& 4;(
*+* ; , '/, +.@
N7.: /(
.:
.G,1)* K/,0+* '/-
D&4
.42*-
(,0(
&' & @
-&K/&0(
&' 3,-
.,1L&' +& 7*0'/4*J 2*.'J ,''.4J (
*-0, '& 0&7&''F-
.*
,:
(&-
,-7*0'(
,0(
&4&0(
&*2*0(
*+&&07*4&0+,

/(
-, +&'3,0(
,D&4J K/& '& ,2-
&'&0(
, 7*4 , /(
.:
.G,1)* +&'(
& 4;(
*+*J ; 0)* 2&-
4.(
.-
/4 @
F7.:,D-
/2,4&0(
* +& ,-
(.D*' 0/4, 4&'4, &07*4&0+,J 2*-
K/& 'E 2*- ,7,'*
,-
(.D*' K/& 2*'',4 '&-&07*4&0+,+*' , /4 4&'4* @
*-0&7&+*-,(
.0D&4 * 2*0(
* +&
&07*4&0+, 0, 4&'4, +,(
,

0(
&-&'', -
&@&-
.-K/& '& * 2-
,G* +& &0(
-&D, +& /4 ,-
(.D* @
*-'/2&-
.*-,* 2&-
N*+* K/&
'&2,-
, +*.' 2*0(
*' +&&07*4&0+, '/7&''.3*'J ,' /0.+,+&' K/&6
F@*-
,4 ,0(
&-.*-
4&0(
&
&07*4&0+,+,' 'E'&-
)*&0(
-&D/&' +&2*.' +&/4, 0*3, &07*4&0+,

''.4J &4 ,-
4,G;4J (
&4*' /4 '(
*78 (
&E-
.7* .D/,:,* '(
*78 -
&,:4,.' , '*4, +,'
&07*4&0+,' &4 7/-
'*

;(
*+*+, 2&-
.*+.7.+,+&@
.M, +&&07*4&0+,

&'(
&4;(
*+* * 2&-
N*+*+&(
&42*+&,2-
*3.'.*0,4&0(
*;7*0'(
,0(
&J '&0+*3,-
.F3&:,
K/,0(
.+,+&, '&-&07*4&0+,+, +&7,+, 3&G>
A?J K/&2*+&'&-7,:
7/:
,+, 2&:
, '&D/.0(
&
@
E-4/:
,H

A0W X > Y +?Y ' > Y ?

0+&J X W 7*0'/4* 4&0',:2-

&3.'(
* 2*-/0.+,+& +& (
&42*J W 2&-
.*+.7.+,+& +&
,2-
*3.'.*0,4&0(
* +&(
&-4.0,+,J + W 2-
,G* +& &0(
-&D,J ' W '(
*78 +& '&D/-
,01,J W
'(
*78&M.'(
&0(
&&4 ,-
4,G;4J W K/,0(
.+,+&&07*4&0+,+, ,.0+, 2*-&0(
-&D,-

CENFIM 11
 2-
.07.2,:3,0(
,D&4 +&'(
& 4;(
*+* ; , 2*''.5.:
.+,+& +& ,D-
/2,-,' &07*4&0+,' +&
3F-
.*' ,-
(.D*' +&/4 4&'4*@
*-0&7&+*-
J *K/&2*''.5.:
.(
, *&'(
,5&:
&7.4&0(
*+&2:
,0*'
+&,2-
*3.'.*0,4&0(
*J K/&2&-
4.(
&4 /4, +.'(
-.5/.1)* .D/,:+,' &07*4&0+,' ,* :
*0D*
+* ,0*J 7*4 , 3,0(
,D&4 +& -
&+/G.-* 7/'(
* +& -
&,:
.G,1)* +& &07*4&0+,J 2*''.5.:
.(
,-
+&'7*0(
*' 2*-K/,0(
.+,+&&4&0*-
&' 7/'(
*' +&(
-,0'2*-
(&

/(
-, 3,0(
,D&4 ; , 2*''.5.:
.+,+& +& '& ,6
/'(
,- O' 0&7&''.+,+&' +& 7*0'/4* +,
&42-
&',

' +&'3,0(
,D&0' 4,.' .42*-
(,0(
&' ')* , '&0'.5.:
.+,+& , 3,-
.,1L&' .42-
&3.'(
,' +&
7*0'/4*&+&2-
,G*' +&&0(
-&D,J K/&2*+&-
)**-
.D.0,--
/2(
/-,' +&'(
*78

<
/1 /5 1$
%./ %.!2-%

0(
-*+/1)*

D&'(
)* +, 2-
*+/1)* (
&4 3.0+* , ,+K/.-
.- /4, .42*-
(T07., 7,+, 3&G 4,.*-
J 0*
+*4N
0.* +, D&'(
)* +,' &42-
&',' /-
,0(
& 4/.(
*(&42*J , D-
,0+& 2-
&*7/2,1)* +,'
&42-
&',' 7*0'.'(
., 0, 2-
*+/1)* +& D-
,0+&' K/,0(
.+,+&'J 2,-
, -
&+/G.-* 7/'(
* +*'
2-
*+/(
*' 2-
*+/1)* &4 4,'', ,2-
&'&0(
, * D-
,0+& .07*03&0.&0(
& +, -
.D.+&G +*
'.'(
&4,J 2-
*5:
&4, K/&0)*(
&4 '.D0.@
.7,+*2&-
,0(
&/4 4&-
7,+*&'(
F3&:
J 7,-
,7(
&-.G,+*
2*- /4, D-
,0+& 2-
*7/-
, +& 2-
*+/(
*' &'(
,0+,-
+.G,+*'J 4,' K/& &4 2&-
N*+*' +&
.0'(
,5.:
.+,+&&+&&M7&''*+&*@
&-(
, '&(
*-0, 7-
/7.,:

2*+& '&- +&@

.0.+, 7*4* '&0+* , (
-,0'@
*-4,1)* +& -
&7/-
'*' 7*4 *
*56
&7(
.3* +, 7-
.,1)* +& 5&0' & */ '&-
3.1*' 2-
*+/1)* +& /4 +&(
&-4.0,+* 5&4 */
'&-
3.1*;*-
&'/:
(,+*+, 7*45.0,1)*+*' @
,7(
*-&' +&2-
*+/1)*J K/&')**' @
,7(
*-&' +*
(
-,5,:
I*&+*7,2.(
,:

0 "
%#. %.!2-%

4, &42-
&', ;/4, *-
D,0.G,1)*K/&@
/07.*0,H
*4 I*4&0' &4/:
I&-
&' &'2&7.,:
.G,+*'P
*4 4&.*' @
.0,07&.-
*' &4,(
&-.,.'P
,-
, ',(
.'@
,G&-,' 0&7&''.+,+&' +*' 7:
.&0(
&'J @
,5-
.7,0+**' 2-
*+/(
*' */ @
*-0&7&0+**'
'&-
3.1*'

CENFIM 12
 2-
*7&''* 2-
*+/(
.3* +& 5&0' 7*42-
&&0+& (
-S' 7*42*0&0(
&'HI*4&0'J 4,(
&-.,.' &
&K/.2,4&0(
*' K/& ')* 7I,4,+*' .02/(
'P &'(
&' &:
&4&0(
*'J ,* 7*45.0,-
&4 '&J
'&D/0+* -
&D-
,' +&(
&-4.0,+,'J +)* *-
.D&4 ,*' 2-
*+/(
*' @
,5-
.7,+*' 7I,4,+*'
*/(
2/(
'>@
.D/-
, ?

HOMENS

PROCESSO PRODUTOS
MATERIAIS
PRODUTIVO ACABADOS

MÁQUINAS

.D -
*7&''* -
*+/(
.3*

9 #$
-%./ %.!2-%

0(
-*+/1)*

D&'(
)* +, 2-
*+/1)* ,''&0(
,J &''&07.,:
4&0(
&J 0/4, D&'(
)* +& @
:/M*' ' @
:/M*'
@
N'.7*' ,2,-
&7&4 0,(
/-,:
4&0(
&0*2-
*7&''*+&2-
*+/1)*J .'(
*;J ,' 4,(
;-.,' 2-
.4,'J ,
&0&-
D., & *' 7*42*0&0(
&' K/& &0(
-,4 0* 2-
*7&''* +& 2-
*+/1)*J ')* (
-,0'@
*-4,+*'J
7*0'/4.+*' */ 4*0(
,+*'J 2,-
, , *5(
&01)* +*' 2-
*+/(
*' @
.0,.'J +&'(
.0,+*' ,*
7*0'/4.+*-

2,-+*' @
:/M*' @
N'.7*'J , &42-
&', ;J (
,45;4J ,(
-,3&'',+, 2*-/4 D-
,0+&0Q4&-
*+&
@
:/M*' +& .0@
*-4,1)*J K/&-, 0N
3&:.0(
&-0*J K/&-, 0N
3&:&M(
&-0* )* *' @
:/M*' +&
.0@
*-4,1)* , 0N
3&:&M(
&-0* K/&(
-,+/G&4 ,' -
&:,1L&' +, &42-
&', 7*4 *4&.*J 7*4 *
4&-
7,+*&7*4 *' 7:
.&0(
&' &@
*-0&7&+*-
&'

J @
.0,:
4&0(
&J *' @
:/M*' @
.0,07&.-
*'J K/& .0@
*-4,4 *' 4*3.4&0(
*' +*' 7,2.(
,.'
2-
E2-
.*'J &42-
;'(
.4*' 5,07F-
.*'J -
&7&5.4&0(
*' +*' 7:
.&0(
&'J 2,D,4&0(
*' ,
@
*-0&7&+*-
&'J 2,D,4&0(
*' +&.42*'(
*'J ',:
F-.*'J &(
7

CENFIM 13
 2-
*+/1)* +&3& 2&-
4.(
.-@
,5-
.7,-2-
*+/(
*' +& K/,:
.+,+&J ,* 4&0*-7/'(
*J 0* 4&0*-
2-
,G*&,+,2(
,-, *@
&-(
, +, &42-
&',J -
,2.+,4&0(
&J O' 3,-
.,1L&' +*4&-
7,+*

90 67 8$
"4%#./ #$
-%./ %.!2-%

D&'(
)*+, 2-
*+/1)*(
&4 7*4**56
&7(
.3*'H
.4.0/.-*' 2-
,G*' +&&0(
-&D,P
/4&0(
,-, @
.,5.:
.+,+&P
/4&0(
,-, @
:&M.5.:
.+,+&+, &42-
&',P
.4.0/.-*' 7/'(
*'P
*0(
-.5/.-2,-
, , 4*(
.3,1)*+*2&''*,:&.0(
&D-
,1)*0, &42-
&',

,-
, K/& '& 2*'', ,:
7,01,-&'(
&' *56
&7(
.3*' ; 0&7&''F-
.* (
&-2&-
@&.(
* 7*0I&7.4&0(
*&
+*4N
0.* +& +*.' D-
,0+&' (
.2*' +& ,71L&'H * +*4N
0.* 2&-
@&.(
* +*' @
:/M*' & *
2:
,0&,4&0(
*+, 2-
*+/1)*

90
9 <
/1 /5 1$
%./ %.!2-%

R4/.(
*7*42:
.7,+*@
,G&-2-
&3.'L&' +&0(
-*+*4&-
7,+*&4 4*3.4&0(
**0+&, &42-
&',
&'(
F .0'&-
.+,J &0(
)*J +&3& '&-@
&.(
* /4 2:
,0&,4&0(
* 7*4 5,'& &4 4*3.4&0(
*' +&
,2-
*M.4,1)* '/7&''.3*'J (
&0+* &4 7*0(
, ,' 7,2,7.+,+&' -
&,.' & 0)* ,' 7,2,7.+,+&'
4FM.4,'J 2-
&3&0+* '*:
/1L&' +& '/5'(
.(/.1)* *4 ,/MN
:.* +,' .0@
*-4,1L&' *5(
.+,'J *
2:
,0&,4&0(
*'&-
F4,.' 2-
&7.'*

''.4J , D&'(
)* +, 2-
*+/1)* (
*-0, '& 0/4 &M7&:
&0(
&@,7(
*-+& 2-
*D-
&''*J 2*.' (
&4
0&7&''.+,+&+&H
4 ,:
(*0N
3&:+&K/,:
.+,+&+&@
,5-
.7*P
4, 4,0/(
&01)*&@
.7,GJ , @
.4 +&4.0.4.G,-,' ,3,-
.,' &7*0'&K/&0(
&' 2,-
,D&0'P
4, 5*, D&'(
)*+*' -
&7/-
'*' I/4,0*' >
@*-
4,1)*J 4*(
.3,1)*J .0@
*-4,1)*?
P
03&'(
.4&0(
*' ,+,2(
,+*'P
42:
,0(
,1L&' 2-
E2-
.,' +&@
*-4, , @
,7.:
.(
,-&4 *@
:/M*+*' 2-
*+/(
*'

A/,:
K/&-&42-
&',J +/4 4*+* D&-
,:J (
&4 @
*-0&7&+*-
&' & 7:
.&0(
&'J & 2-
*2*-
7.*0, /4
3,:
*-,7-
&'7&0(
,+* , /4 2-
*+/(
*>@
.D ? 3,:
*-,7-
&'7&0(
,+* ; 4/.(
* .42*-
(,0(
&
2,-
, , &42-
&',J 2*.' 2&-
4.(
&H
@
*-0&7.4&0(
*+&2-
*+/(
*' Q(
&.' ,*' 7:
.&0(
&'P
7-
.,1)*+&-
.K/&G,' &7*0E4.7,'P

CENFIM 14
 +.'(
-.5/.1)*+,' -
.K/&G,' *5(
.+,' 2&:
*2&''*,:>
'*5, @
*-4, +&',:
F-.*'J 2,-
(.7.2,1)*
0*' :
/7-
*'?
J 2&:
*' @
*-0&7&+*-
&' >
7*42-
,'?
J 2&:
,' 7*:
&7(
.3.+,+&' >
:*7,.' */ -
&D.*0,.'
'*5, @
*-4, +&.42*'(
*'J (
,M,'?&2&:
*' ,77.*0.'(
,' >
+.3.+&0+*'?
P
@
.0,07.,4&0(
*@/(
/-* +, &42-
&', >
.03&'(
.4&0(
*'? & , 2*''.5.:
.+,+& +& &0@
-&0(
,-
.42-
&3.'(
*'

Produção de valor 3

Compra acrescentado Venda

.D -
*+/1)*+&3,:
*-,7-
&'7&0(
,+*

D&'(
)* +, 2-
*+/1)* +&3& ,D.-'*5-
& , K/,0(
.+,+& +& 4&.*' +.'2*0N
3&.' & '*5-
&*
7.7:
*+&@
,5-
.7,1)*2,-
,H
.4.0/.-*' '(
*78'P
07,+&,-,' (
,-&@
,'P
.4.0/.-, +.4&0')*+,' ';-
.,' @
,5-
.7,+,' &J (
,45;4J *(
&42*+&4/+,01, +&';-
.&'

*07:
/.0+*J '&6
, K/,:@
*-* '&7(
*-+& ,7(
.3.+,+&J /4, &42-
&', 'E 2*+& '/5'.'(
.-'&J
I,3&0+*5*,' -
&:,1L&' +&(
-,5,:
I*J -
&/0.-*' '&D/.0(
&' @
,7(
*-&'H
*0' 2-
*+/(
*'P
*, D&'(
)*+, 2-
*+/1)*H
*4 @
/07.*0,4&0(
*7*4&-
7.,:

@ %1$%<
%./ %.!2-%

@0 1$%.!2-%

2:
,0&,4&0(
*&*7*0(
-*:
*')*+/,' (
,-&@
,' +&&M(
-&4, .42*-
(T07., 0, 3.+, +&/4,
&42-
&', *4 *+&'&03*:
3.4&0(
*+, -
*D-
,4,1)*J ,01,4&0(
*+,' *-
+&0' +&@
,5-
.7*
& *0(
-*:
*+, 2-
*D-
&'')*+, &M&7/1)*J ;2*''N
3&:
H
&-
.@.7,-'& ; 2*''N
3&:',(
.'@
,G&-*' +&'&6
*' +* &2,-
(,4&0(
* *4&-
7.,:
J 0* K/& '&
-
&@&-
&, K/,0(
.+,+&' , @
,5-
.7,-&2-
,G*' +&&0(
-&D, , 7/42-
.-P
.'7/(
.-7*4 * &2,-
(,4&0(
* *4&-
7.,:, 0&7&''.+,+& & 2*''.5.:
.+,+& +& '&,:
(&-
,-,
7*42*'.1)*+*' 2-
*+/(
*' , @
,5-
.7,-
P

CENFIM 15
 &'&03*:
3&- ,71L&' K/& :
&3&4 ,* 7/42-
.4&0(
* +*' 2-
,G*' ,7*-
+,+*' 7*4 *
&2,-
(,4&0(
*+& &0+,'P
'(
,5&:
&7&-*7*-
-&7(
*&K/.:
N5-
.*&0(
-&*' 3F-
.*' '&7(
*-&' +, 2-
*+/1)*P
-
*3.+&07.,-2,-
, K/&*@
:/M*+&2-
*+/1)*'&2-
*7&''&'&4 -
/2(
/-,'P
,7.*0,:
.G,-*' 7/'(
*' +, 2-
*+/1)*P
*0(
-*:
,-'.'(
&4,(
.7,4&0(
& ,' 3,-
.,1L&' &0(
-& * 2-
*D-
,4,+* & * -
&,:
.G,+* & ,0,:
.',-
,' '/,' 7,/','J 2,-
, K/&'&2*'', +&'&07,+&,-,71L&' 7*-
-&7(
.3,'P
.'7/(
.-7*4 *' '&-
3.1*' +& ,0/(
&01)* *' 4*4&0(
*' 4,.' *2*-
(/0*' 2,-
, ,' ,71L&'
+&4,0/(
&01)*2-
&3&0(
.3, &-
&'2&7(
.3*' 2-
,G*'P
-
*2*-
J 7*4 6
/'(
.@.7,1L&' *56
&7(
.3,'J , '/57*0(
-,(
,1)* +& *2&-
,1L&' 2-
*+/(
.3,' & ,
,K/.'.1)*+&0*3*' &K/.2,4&0(
*

A/,0+*0)*&M.'(
&2:
,0&,4&0(
*&7*0(
-*:
*+, 2-
*+/1)*J */ ')*+&@
.7.&0(
&'J *-
.D.0,4J
0*-
4,:
4&0(
&H
-
,0+&K/,0(
.+,+&+&2-
*+/(
*' , @
,5-
.7,-
P
.@
.7/:
+,+&' 0*7/42-
.4&0(
*+*' 2-
,G*' +&&0(
-&D,P
F/(
.:
.G,1)*+*' &K/.2,4&0(
*'P
&@
.7.&0(
&/(
.:
.G,1)*+&4)* +& *5-
,

2:
,0&,4&0(
*&7*0(
-*:
*+, 2-
*+/1)*+&'&03*:
3& '&&4 (
-S' &(
,2,'H
-
*D-
,4,1)*+, 2-
*+/1)*P
,01,4&0(
*+,' *-
+&0' +& &-
3.1*P
*0(
-*:
*+, 2-
*D-
&'')*+&&M&7/1)*

2-
*D-
,4,1)* +, 2-
*+/1)* -
&3&'(
& '& +& 2,-
(.7/:
,- .42*-
(T07.,J /4, 3&G K/&
2&-
4.(
&&:
,5*-
,-2-
*D-
,4,' +&&M&7/1)*+,' *-
+&0' +&@
,5-
.7*J (
&0+*&4 ,(
&01)*H
' &07*4&0+,' &4 7,-
(&.-
,P
' 4&.*' I/4,0*' &*' &K/.2,4&0(
*' , '&-
&4 /(
.:
.G,+*'P
' '(
*78' +&2-
*+/(
*' &4 3.,' +&@
,5-
.7*P
' '(
*78' +&4,(
;-., 2-
.4, &*' (
&42*' +&&07*4&0+,
2-
*D-
,4,1)*;/4 7*06
/0(
*+&*2&-
,1L&' 0&7&''F-
.,' 2,-
,-&,:
.G,-/4 2-
*6&7(
*

@0 $
%.%. /1$
$

4;(
*+*+&2-
*D-
,4,1)*'&K/&07.,:
J 7*0I&7.+*2*-4;(
*+*+& ,0(
(J &45*-
, '&0+*
/4 4;(
*+* 6
F 5,'(
,0(
& ,0(
.D*J ; ,.0+, 4/.(
* /(
.:
.G,+* 2&:
,' &42-
&','J '*5 @
*-4,' &
,2:
.7,1L&' 4*+&-
0,'

CENFIM 16
 *0'.'(
& &4 +&(
&-4.0,- , 4&:
I*- 4,0&.-
, +& 2*'.7.*0,- ,' +.@
&-&0(
&' (
,-&@
,' +&
&M&7/1)*+&/4 2-
*+/(
*J 0/4 +&(
&-4.0,+*2&-
N*+*J &4 @
/01)*+&H
/-
,1)*+&7,+, /4, +,' (
,-&@
,'P
&:
,1)*&0(
-&,' +.@
&-&0(
&' (
,-&@
,'P
-
,G*' +&&0(
-&D,P
,2,7.+,+&' +.'2*0N
3&.'

R-
&2-
&'&0(
,+* 2*-/4 D-
F@.7* +& +/2:
, &0(
-,+,J &4 K/& ,' (
,-&@
,' '& 7*:
*7,4 0,'
:
.0I,' &* (
&42* 0&7&''F-
.*2,-
, , '/, &M&7/1)*;.0+.7,+*0,' 7*:
/0,' '(
&D-
F@.7*
2&-
4.(
&3&-
.@.7,-, &3*:
/1)*+*2-
*+/(
*, @
,5-
.7,-
J +&(
&-4.0,-, '/, +/-
,1)*&2&-
4.(
&
&3.+&07.,-, 4,-
D&4 &M.'(
&0(
&&4 +&(
&-4.0,+,' (
,-&@
,'

&6
,4*' /4 &M&42:
*J &4 K/& ,' (
,-&@
,' (
S4 , '&D/.0(
& +/-
,1)*H +.,'P %
+.,'P +.,'P 9 +.,'P # +.,'
,-
, K/& '& 3&-
.@.K/& /4, '&K/S07., :
ED.7, +,' *2&-
,1L&'J (
*-0, '& 0&7&''F-
.*
-
&'2&.(
,-H & ')*-
&,:
.G,+,' +&2*.' +& P +&2*.' +& &J @
.0,:
4&0(
&J +&2*.' +&

&42* # % 9 < = $ #
2&-
,1L&'

Operação Margem

.D -
F@.7*+& ,0(
(

4,-
D&4 7*-
-&'2*0+&,*(
&42*+&,(
-,'*K/&2*+&-
F'&-7*0'.+&-
,+*J -
&:,(
.3,4&0(
&
, /4, *2&-
,1)*J '&4 K/& .''* 7*-
-&'2*0+, , /4 ,/4&0(
* +, +/-
,1)* (
*(,:+&
&M&7/1)*+*2-
*+/(
*

CENFIM 17
 '(
& ; * 4;(
*+* .+&,:2,-
, , 2-
*D-
,4,1)* +, 2-
*+/1)* 2*- :
*(&'J 2*.' 2&-
4.(
&
7*0I&7&-,' K/,0(
.+,+&' , 2-
*+/G.-&,' +,(
,' +&&0(
-&D,J 5&4 7*4*,' 7,2,7.+,+&'
&M.'(
&0(
&'J 2&-
4.(
.0+*-
,7.*0,:
.G,-*' (
&42*' &4&.*'

@0
9 $
%.% $

'(
& 4;(
*+* &3.+&07.,J '*5-
&(/+*J ,' :
.D,1L&' &0(
-& ,' (
,-&@
,' +& /4 2-
*6&7(
*&,
+&@
.0.1)* +& 7,4.0I* 7-
N(.7*J 7*0'(
.(/N
+* 2&:
* 7*06
/0(
* +& *2&-
,1L&' &4 K/& 0)* '&
2*+&4 3&-
.@.7,-,(
-,'*'J 2*.' .''*.-
., 2-
*3*7,-, 4*+.@
.7,1)*+, +/-
,1)*+*2-
*6&7(
*

,-
, '&&:
,5*-
,-/4 ;0&7&''F-
.*7*0I&7&-
H
' ,7(
.3.+,+&' , '&-
&4 +&'&03*:
3.+,'P
' 2-
&7&+S07.,' ,7(
.3.+,+&' K/& (
&-)* +& &'(
,-7*07:
/N+,' 2,-
, K/& */(
-, '& 2*'',
-
&,:
.G,-
P
'(
&42*' +&&M&7/1)*+&7,+, (
,-&@
,

'(
& D-
F@.7* ; 7*42*'(
* 2*-&(
,2,' & *2&-
,1L&'J '&0+* ,' &(
,2,' -
&2-
&'&0(
,+,' 2*-
7N
-7/:
*' &,' *2&-
,1L&' 2*-'&(
,'

, '/, -
&2-
&'&0(
,1)*D-
F@.7,J /4 +&3&2*''/.-,2&0,' /4 2*0(
*+&2,-
(.+, &/4
2*0(
* +& 7I&D,+,J 7,+, *2&-
,1)* ; -
&2-
&'&0(
,+, 2*- /4, Q0.7, '&(
,J +/,'
,7(
.3.+,+&'J & J '/7&''.3,'J ')*-
&2-
&'&0( ,' '&D/.+,'J
,+,' 2*-+/,' '&(

A B

+/,' *2&-
,1L&' '.4/:
(T0&,' ')*-
&2-
&'&0(
,+,' +, '&D/.0(
&@*-
4,H

+/,' ,7(
.3.+,+&' 7*03&-
D&0(
&' ')*-
&2-
&'&0(
,+,' ,''.4H

CENFIM 18
 B

C
A

*- 0&7&''.+,+& +& -
&2-
&'&0(
,1)*J 2*- 3&G&'J '*4*' @
*-1,+*' , 7-
.,- ,7(
.3.+,+&'
@
.7(
N7.,' +&+/-
,1)*0/:
, *4*J 2*-&M&42:
*H
& ')*'.4/:
(T0&,'P
& ')*7*03&-
D&0(
&'P
,0(
&7&+& & P
,0(
&7&+&

C
A
X
B
D

A0 !#$
%# 2/5 1$
%#

A0 !#$
%#. %.!2-%

,-
, 7F:
7/:
*+*' 7/'(
*' +&2-
*+/1)*+&/4 K/,:
K/&-,-
(.D*+&3&4 '&-7*0'.+&-
,+*' *'
D,'(
*' +.-
&7(
*' &D,'(
*' .0+.-
&7(
*'

' D,'(
*' +.-
&7(
*' &'(
)* -
&:,7.*0,+*' 7*4 * 3,:
*-+,' 4,(
;-.,' 2-
.4,' /(
.:
.G,+,' 0,
@
,5-
.7,1)*J *' ',:
F-.*' +*' *2&-
F-.*' /(
.:
.G,+*' +.-
&7(
,4&0(
& 0, 2-
*+/1)* & *' D,'(
*'
7*4 2&-
+,' &+&'2&-
+N7.*' 2-
*3&0.&0(
&' +*+&'5,'(
&+*' 4,(
&-.,.' &+&@
&.(
*'

CENFIM 19
 ' D,'(
*' .0+.-
&7(
*' */ D&-
,.' +&3&4 '&, 6
/-*' +*7,2.(
,:.03&'(
.+*&+&&42-
;'(
.4*'
7*0(
-,N
+*'J 3&07.4&0(
*' +& @
/07.*0F-
.*' & D&'(
*-&'J ,4*-
(.G,1L&'J 7*0(
-.5/.1L&' &
.42*'(
*'J +&'2&',' 7*4 &0&-
D.,J -
&2,-
,1L&' &4,0/(
&01)*J +&'D,'(
&+&@
&--
,4&0(
,'J
&07,-
D*' '*7.,.'J '&D/-
*' &2&-
+,' +.3&-
','

A0 !#$
%#. %53 /* +

7/'(
* +& 7*42-
, .07:
/. , 2-
&2,-
,1)* +,' -
&K/.'.1L&'J '&:
&71)* +& @
*-0&7&+*-
&'J
0&D*7.,1)*J (
-,0'2*-
(&'J &(
7

'(
&7/'(
*;.D/,:,*0Q4&-
*+&/0.+,+&' 7*42-
,+,' 2*-,0*> ?3&G&' *2-
&1*4;+.*
/0.(
F-.* +* ,-
(.D* &4 K/&'(
)* >
2?J K/& -
&'/:
(,-
F +& /4, 4;+., '.42:
&' +& (
*+*' *'
2-
&1*' 2-
,(.7,+*' +/-
,0(
&*,0*

''.4J *7/'(
*+&,K/.'.1)*'&-
FH W M2

A0
9 !#$
%#. /1#3% $

' 7/'(
*' +& (
-,0'2*-
(& +&2&0+&4 +* (
.2* & K/,0(
.+,+& +& 2-
*+/(
*'J +* 4&.* +&
(
-,0'2*-
(&/(
.:
.G,+*&+, +.'(
T07., , 2&-
7*-
-&-

*4* '& 7*42-

&&0+&J '& &@
&7(
/,-
4*' /4 (
-,0'2*-
(& +& /4 ,-
(.D* ,2&0,'J * 3,:
*-
D,'(
*&4 7*45/'(
N3&:
J /(
.:
.G,1)*+*3&N
7/:
* &(
&42*+&7*0+/1)*J *3,:
*-.42/(
,+*,
&''&,-
(.D*'&-
F4,.' &:
&3,+*+*K/&'&*(
-,0'2*-
(&&0D:
*5,-3F-
.*' ,-
(.D*'J /4, 3&G
K/&*7/'(
*'&-
F+.3.+.+*2*-(
*+*' *' ,-
(.D*'

A/,0(
*4,.*-@
*-, +.'(
T07., , 2&-
7*-
-&-
J 4,.*-'&-
F*7/'(
*+*(
-,0'2*-
(&

A0
@ !#$
%#. > 8$
"4/2-%. 18%5 1./* +

7/'(
* +& -
&,:
.G,1)* +& /4, &07*4&0+, > ? *5(
S4 '& '*4,0+* (
*+*' *' D,'(
*'
&@
&7(
/,+*' +.-
&7(
, */ .0+.-
&7(
,4&0(
& 7*4 , -
&,:
.G,1)* +,' &07*4&0+,' & +.3.+.0+*
2&:
*0Q4&-
*+&&07*4&0+,' &@
&7(
/,+,' 0/4 ,0* '(
&' D,'(
*' 7*42L&4 '&+&H
07,-
D*' ',:
,-.,.'J -
&:,(
.3*' ,* (
&42* +& (
-,5,:
I* 2-
&'(
,+* 0, &M&7/1)* +,
&07*4&0+,P
07,-
D*' 7*4 4,(
&-.,:/(
.:
.G,+*
4*-
(.G,1L&' +,' .0'(
,:,1L&' &&K/.2,4&0(
*' +*'&7(
*-+&7*42-
,'P

CENFIM 20
 /'(
*' .0+.-
&7(
*' -
&:,7.*0,+*' 7*4 , &07*4&0+, >
,K/&7.4&0(
*J .:
/4.0,1)*J
7*4/0.7,1L&'J &(
7?

'*4,(
E-.* +&'(
&' 7/'(
*' +F 0*' * 7/'(
*(*(
,:,0/,:+,' &07*4&0+,'J K/& +.3.+.+*
2&:
* 0Q4&-
* +&&07*4&0+,' -
&,:
.G,+,' 0* 4&'4* 2&-
N*+*+&(
&42*;.D/,:,*7/'(
*
+&-
&,:
.G,1)*+&/4, &07*4&0+,

A0
A !#$
%#. %## . $
%8:

' 7/'(
*' +& 2*''& +& '(
*78J */ +& ,-
4,G&0,D&4J +&2&0+&4 +, 4)* +& *5-
,J +*
&'2,1**7/2,+*&+*&K/.2,4&0(
*0&7&''F-
.*

4)* +& *5-

, +&2&0+& +* 3*:
/4& +& ',N
+,' & &0(
-,+,' +& ,-
(.D*' &4 ,-
4,G;4 &J
(
,45;4J +*(
.2*+&2-
*+/(
*'

' 7/'(
*' +*&'2,1*+&,-
4,G&0,D&4 0)*')*(
)*'&0'N
3&.' 7*4*, ,7(
.3.+,+&J 2*.' ,'
-
&0+,'J , 7:
.4,(
.G,1)*J , .:
/4.0,1)* & , 4,0/(
&01)* +* &'2,1* ,2-
&'&0(
,4 7/'(
*'
2-
,(.7,4&0(
&@.M*'

' 7/'(
*' 7*4 &K/.2,4&0(
* +&2&0+&4 +* (
.2* & D-
,/ +& '*@
.'(
.7,1)* +*' 4&.*'
/(
.:
.G,+*'

,-
, * 7*-
-&7(
* 7F:
7/:
* +*' 7/'(
*' +& 2*''& +& '(
*78J +&3&4 '&- 7*0'.+&-
,+*'J
(
,45;4J * 0N
3&: 4;+.* +& '(
*78J * 7/'(
* +* 7,2.(
,: .03&'(
.+*J * 7/'(
* +&
*5'*:
&'7S07.,J .'(
* ;J * 7/'(
* 7*4 *' ,-
(.D*' K/& '& (
*-0,4 *5'*:
&(*' &J 2*-.''*
+&3&4 '&-,5,(
.+*'J *7/'(
*+&+&(
&-.*-
,1)*&*7/'(
*7*4 '&D/-
*'

&3&4J ,.0+,J '&-7*0'.+&-

,+*' *' 7/'(
*' ,+4.0.'(
-,(
.3*' K/& +&2&0+&4 +* 3*:
/4&
+& 7*4/0.7,1L&'J +* 2-
*7&'',4&0(
* +, &07*4&0+,J +* 2:
,0&,4&0(
* & 7*0(
-*:
* +*
'(
*78&+, D&'(
)*+, .0@
*-4,1)*

% -
1,4&0(
*'

-
1,4&0(
* 2*+& '&-+&@
.0.+* 7*4* '&0+* * &'(
,5&:
&7.4&0(
* +* 2-
&1* +& 7/'(
* & +*
2-
&1*+&3&0+, +&/4 2-
*+/(
*

CENFIM 21
 &:
,5*-
,1)*+&/4 *-
1,4&0(
*;, *2&-
,1)*+&7,:
7/:
,-J &4 2-
.4&.-
*:/D,-
J *2-
&1*+&
7/'(
*&J &4 '&D/.+,J *2-
&1*+&3&0+, +&/4 2-
*+/(
*

!F /4, +.@
&-&01, &0(
-& *' *-
1,4&0(
*' &'(
,5&:
&7.+*' 2&:
* 7*0'/4.+*- & 2&:
*
@
,5-
.7,0(
&

7*0'/4.+*-@
.M,J -
&:,(
.3,4&0(
& O' :
.'(
,' +& 2-
&1*' 7*-
-&0(
&'J *' :
.4.(
&' &0(
-& *'
K/,.' 2*+&3,-
.,-*+*2-
*+/(
*&4 K/&'(
)*

@
,5-
.7,0(
&(&4 +&@
.M,-
J &4 2-
.4&.-
*:/D,-
J *2-
&1*+*2-
*+/(
*, @
,5-
.7,-
J 5,'&,0+*
'&J 2-
.07.2,:
4&0(
&J 0, &M2&-
.S07., 0, 2-
*+/1)*+&*/(
-*' 2-
*+/(
*' .+S0(
.7*'

-
1,4&0(
*2-
&:.4.0,-*/ &'(
.4,(
.3, ;**-
1,4&0(
*&'(
,5&:
&7.+*2*-/4 2-
*6&7(
**/
2,-
, /4, 2-
*2*'(
, +&3&0+,

E ; 2*''N
3&:&'(
,5&:
&7&-/4 *-
1,4&0(
* +.D0* +& 7*0@
.,01, 7*4 , ,6
/+, +& /4,
7*0(
,5.:
.+,+&*-
+&0,+, &5&4 7/.+,+,

2-
&1*+&3&0+, +&/4 2-
*+/(
*7*42L& '&+&2-
&1*+&7/'(
*&:
/7-
*

2-
&1* +& 7/'(
* ; 7,:
7/:
,+* 7*0'.+&-
,0+* *' D,'(
*' +.-
&7(
*' */ +& 2-
*+/1)* & *'
D,'(
*' D&-
,.'

,-
, * 7F:
7/:
* +*' D,'(
*' +.-
&7(
*' */ +& 2-
*+/1)*J (
*-0, '& 0&7&''F-
.* 7*0'.+&-
,-*
7/'(
*+,' 4,(
;-.,' 2-
.4,'J *3,:
*-+*' ',:
F-.*' +.-
&7(
*' +&2-
*+/1)*&J ,.0+,J *3,:
*-
+&2&-
+,' &+&'2&-
+N7.*'

*' D,'(
*' D&-
,.' IF K/& 7*0'.+&-
,-*' 3,:
*-&' +& 6
/-*'J 3&07.4&0(
*' & ',:
F-.*' +*'
@
/07.*0F-
.*' & D&'(
*-&'J ,' ,4*-
(.G,1L&' +& &K/.2,4&0(
*' & .0'(
,:,1L&'J ,'
7*0(
-.5/.1L&' & .42*'(
*'J '&D/-
*'J .42-
&''*' & 2/5:
.7.+,+&J +&'2&',' 7*4 &0&-
D.,J
-
&2,-
,1L&' & 4,0/(
&01)*J * 7*0'/4* +& 4,(
&-.,.' +& @
&--
,4&0(
,'J *' &07,-
D*'
'*7.,.' &2&-
+,' 3F-
.,'

3,:
*-+*' 4,(
&-.,.' ;+.3.+.+*2*-4,(
&-.,.' 2-
.07.2,.'J 7/6
*3,:
*-;+&(
&-4.0,+*2&:
*
7F:
7/:
* +.-
&7(
* 2,-
, 7,+, 7,'*J & 4,(
&-.,.' ,7&''E-
.*'J K/& ')* *' 2,-
,@/'*'J -
&5.(
&'
(
.0(
,'J 3&+,0(
&'J &(
7

CENFIM 22
 7F:
7/:
*+*' 4,(
&-.,.' 2-
.07.2,.' +&3&-
&@&-
.-'&O2&1, 7*07:
/N+,
4 K/,:
K/&-2-
*7&''*+&@
,5-
.7*IFK/&7*0'.+&-
,-2&-
+, */ +&'2&-
+N7.*' +&4,(
&-.,:
J
K/&2*+&4 '&-2-
*3&0.&0(
&' +*+&'5,'(
&+*4,(
&-.,:0*'&/ @
,5-
.7*J 2*-&M&42:
*J 2&:
*
K/&IFK/&(
&-&4 7*0(
, &'(
&3,:
*-J '&42-
&K/&'&7,:
7/:
,4 2-
&1*'

*K/&'&-
&@&-
&, \ J 7*03;4 +.'(
.0D/.-+*.' (
.2*'H
,K/&:
&' K/&(
S4 .0(
&-3&01)*+.-
&7(
,P
*' K/&(
S4 .0(
&-3&01)*.0+.-
&7(
,

7F:
7/:
*+*' ',:
F-.*' +.-
&7(
*' 7*0'(
.(/. , 2,-
(&4,.' +.@
N7.:+*&'(
,5&:
&7.4&0(
*+&/4
*-
1,4&0(
*J 2*-&M.D.-
J 2*-K/&4 * &@
&7(
/,J /4 7*0I&7.4&0(
* 2-
*@/0+* & +&(
,:I,+*
+*' (
-,5,:
I*' , -
&,:
.G,-

*-.''*J *2-
*7&''*4,.' '&D/-
*J 7*0'.'(
&&4 &@
&7(
/,-7*4 (
*+**7/.+,+*J ,' &M,7(
,'
7*42-
*3,1L&' +*7/'(
*2*-K/&@
.7,4 -
&,:&&@
&7(
.3,4&0(
&,' 2&1,' 2-
*0(
,'

,'(
*' D&-
,.' K/,:
K/&-&42-
&',J 0)*(
&4J '&42-
&J *4&'4*D-
,/ +&*7/2,1)*

*4*0)*'&7*0I&7&4J &4 +,+, ,:

(/-
,J ,' 5,'&' 0&7&''F-
.,' 2,-
, 7,:
7/:
,-*D-
,/ +&
*7/2,1)*J ; 0*-
4,:
J (
*4,-'& 7*4* 5,'&J , 4;+., +*' 3,:
*-&' -
&:,(
.3*' , ,0*'
,0(
&-.*-
&'J K/&-
&2-
&'&0(
,-FJ (
,45;4J /4 D-
,/ +&*7/2,1)*4;+.*

R &''&07.,:K/& ,' 7*0(

,' ,+*2(
,+,' '&6
,4 @
&.(
,' 7*4 * 4FM.4* -
.D*-
J 2,-
, K/& &4
K/,:
K/&-,:
(/-
,J '&2*'', @
,G&-/4, 3&-
.@.7,1)*

4*-
(.G,1L&' 7I,4, '& ,4*-
(.G,1)* O +.4.0/.1)* +& 7,2.(
,:+& &'(
,5&:
&7.4&0(
*J
'*5-
&7,-
-&D,0+**' D,'(
*' D&-
,.' 7*-
-&0(
&' +&K/,0(
.,' +&3.+,4&0(
&@.M,+,'

2&-
7&0(
,D&4 +& ,4*-
(.G,1)* , ,(
-.5/.-+&3& '&-(
,0(
* 4,.*-K/,0(
* 4,.*-@
*-*
+&'D,'(
&*/ 4,.' .0(
&0', @
*-, /(
.:
.G,1)*, K/&&'(
.3&-'/6
&.(
,

,:
*-+&/4, 4FK/.0, ,*@
.4 +&0,0*'H
, M0M(
0W ,
$$

0 3,:
*-,*@
.4 +&0,0*'
, 3,:
*-+&,K/.'.1)*

CENFIM 23
0 0Q4&-
*+&,0*'
( (
,M, +&,4*-
(.G,1)*>
]?

&'2&',' 7*4 2-
*6&7(
* 0*-
4,:
4&0(
&J &0(
-,4 &4 7*06
/0(
*7*4 ,' +&'2&',' D&-
,.'
&7*4&0+, '& K/& '&6
,4 &'(
,5&:
&7.+,' '&2,-
,+,4&0(
& 2,-
, 7,+, 7,'* ,-
, .''*J ;
0&7&''F-
.*K/&7,+, .0+.3N
+/*(
*4&0*(
, +*(
&42*K/&&42-
&D, 0*(
-,5,:
I*

/7-
*' , 2&-
7&0(
,D&4 0)* 2*+& '&-@
.M,+, O 3*0(
,+& +* @
,5-
.7,0(
&J /4, 3&G K/&
+&2&0+&+, '.(
/,1)*D&-
,:+*4&-
7,+*&+, 7*07*-
-S07.,

CENFIM 24
 B C D B C D

0B C

A/,:;**56
&7(
.3*2-
.07.2,:+*' 2-
*3.'.*0,4&0(
*'V
.D, *K/&&0(
&0+&2*-'(
*78
K/&;*'(
*78D:
*5,:
V
*4*'&2*+&+&@
.0.- V
# K/&&0(
&0+&2*- V

0D

A/,:'&-
F * '(
*78 D:
*5,:&M.'(
&0(
& &4 ,-
4,G;4 ',5&0+* K/& 0)* &M.'(
&
'(
*78 +& -
&'&-
3,J K/& * '(
*78 ,7(
.3* & +& '&D/-
,01, ')* .D/,.' 0&'(
&
4*4&0(
*> $$8D?&K/&*'(
*78,@
&7(
,+*;+&#$8D

A/,:; * '(
*78 4;+.* 0* 2&-
N*+* ( ',5&0+* K/& '& (
.0I, &'D*(
,+* * '(
*78
&4 +& &G&45-
* +* ,0* ,0(
&-.*-& K/& &4 ,0&.-
* +&'(
& ,0* @
*-,4
-
&7&27.*0,+*' $$8DJ +*' K/,.' I,3., -
/2(
/-, +&0*3*0*@
.4 +*,0*

&(
&-4.0& * 3,:
*-+& /4, 4FK/.0,J ,* @
.4 +& 7.07* ,0*'J ',5&0+* K/&
7/'(
*/ # $$$J$$^&K/&, (
,M, +&,4*-
(.G,1)*;+& $]

CENFIM 25
 '
'

2-
*3.'.*0,4&0(
*;-
&'2*0'F3&:2*-&:
&3,+*' D,'(
*' &4 +.0I&.-
*J -
&'/:
(,0(
&' +,
7*0(
-,(
,1)* +&'&-
3.1*' &+, ,K/.'.1)*+*' 4,(
&-.,.' +&'(
.0,+*' ,*@
/07.*0,4&0(
*+,
&42-
&',
2-
*3.'.*0,4&0(
*+&3& +&0(
.@.7,-
J ,3,:
.,-&'&:
&77.*0,-*' @
*-0&7&+*-
&' +&4,(
;-.,
2-
.4,J '&-
3.1*'J 7*42*0&0(
&' & */(
-*' 4,(
&-.,.' 0&7&''F-
.*' O &42-
&',P,''&D/-
,-
5*,' -
&:,1L&' 7*4 *' @
*-0&7&+*-
&'J (
&0+* &4 7*0(
, *' 2-
,G*' +& &0(
-&D,J
2,D,4&0(
*'J K/,:
.+,+&J (
-*7,' & +&3*:
/1L&'P 2-
*7/-
,- 0*3*' 2-
*+/(
*' & 0*3*'
@
*-0&7&+*-
&'P,+K/.-
.-*' 2-
*+/(
*' 0&7&''F-
.*'J ,(
&0+&0+* O K/,:
.+,+& & ,* 4&:
I*-
2-
&1*P .07&0(
.3,- & 7**2&-
,- &4 2-
*D-
,4,' 7*06
/0(
*' +& 4&:
I*-
., +, K/,:
.+,+&J
-
&+/1)* +& 7/'(
*'J &'(
/+*' +& 4&-
7,+* & 2:
,0&,4&0(
*, :
*0D* 2-
,G*P 4,0(
&-
7*4/0.7,1)*7*4 *' +.3&-
'*' +&2,-
(,4&0(
*' +, &42-
&',J 7*4 *' @
*-0&7&+*-
&' &7*4
2*(
&07.,.' 0*3*' @
*-0&7&+*-
&'P.0@
*-4,-, D&'(
)* +*' 7/'(
*' &03*:
3.+*' 0, 7*42-
, &
'&:
&71)* +& @
*-0&7&+*-
&' & +,' ,:
(&-
,1L&' +& 4&-
7,+*J K/& 2*'',4 .0@
:/&07.,-*'
-
&'/:
(,+*' */ , &'(
-,(
;D., +, &42-
&',

&'(
)* +& (
*78' 2*+& '&-+&@
.0.+, 7*4* '&0+* /4 7*06
/0(
* +& *2&-
,1L&' K/&
2&-
4.(
&2-
&3&-&+&7.+.-K/,0+*&K/,0(
*&07*4&0+,-
J 7*4 **56
&7(
.3*+&7*0'&D/.-,
4&:
I*-K/,:
.+,+&,*4N
0.4*7/'(
*
2-
*+/1)* +& /4 +&(
&-4.0,+* 5&4 */ '&-
3.1* ; * -
&'/:
(,+* +, 7*45.0,1)* +*'
@
,7(
*-&' +&2-
*+/1)*J K/&')**' @
,7(
*-&' +*(
-,5,:
I*&+*7,2.(
,:

2:
,0&,4&0(
*&7*0(
-*:
*+, 2-
*+/1)*+&'&03*:
3& '&&4 (
-S' &(
,2,'H -
*D-
,4,1)*+,
2-
*+/1)*P ,01,4&0(
*+,' *-
+&0' +& &-
3.1*P *0(
-*:
*+, 2-
*D-
&'')*+&&M&7/1)*
4;(
*+*+& ,0(
(;-
&2-
&'&0(
,+*2*-/4 D-
F@.7*+&+/2:
, &0(
-,+,J &4 K/&,' (
,-&@
,'
'& 7*:
*7,4 0,' :
.0I,' & * (
&42* 0&7&''F-
.* 2,-
, , '/, &M&7/1)* ; .0+.7,+* 0,'
7*:
/0,' '(
& D-
F@.7* 2&-
4.(
& 3&-
.@.7,-, &3*:
/1)* +* 2-
*+/(
*, @
,5-
.7,-
J +&(
&-4.0,-,
'/, +/-
,1)*&2&-
4.(
&&3.+&07.,-, 4,-
D&4 &M.'(
&0(
&&4 +&(
&-4.0,+,' (
,-&@
,'

CENFIM 26
 4;(
*+*+& &-
(&3.+&07.,J '*5-
&(/+*J ,' :
.D,1L&' &0(
-&,' (
,-&@
,' +&/4 2-
*6&7(
*&,
+&@
.0.1)* +& 7,4.0I* 7-
N(.7*J 7*0'(
.(/N
+* 2&:
* 7*06
/0(
* +& *2&-
,1L&' &4 K/& 0)* '&
2*+&4 3&-
.@.7,-,(
-,'*'J 2*.' .''*.-
., 2-
*3*7,-, 4*+.@
.7,1)*+, +/-
,1)*+*2-
*6&7(
*

0 '

J @
*0'*J -
D,0.G,1)*& &'(
)* 0+/'(
-.,: &M(
*' +& 2*.*J

J 0, ,-
., J 2*0(
,4&0(
*' .+F7(
.7*'J *-
(*J $$

J *,0J A/&R &'(

)*J 7(
/,: +.(
*-,J .'5*,J $$

J *2&' +*'J ,0/,:+, &'(

)* +& (
*78'J +.(
*-.,: -
&'&01,J .'5*,J

$$#

J -
,07.'7* &_J &'(
)* 0+/'(
-.,:
J +.1L&'

J &:
'* +&J 2*0(
,4&0(
*' +& -
1,4&0(
*'J '7*:
, 0+/'(
-.,:

*0(
&' &-
&.-
, +& &:
*J *-
(*J =9

CENFIM 27