Sei sulla pagina 1di 87

!

!
!
!
!
!
!
!
!

!
  
 
!

Banco Inter-Americano de Desarrollo


!
!
!
!

@',(A-'!7.8-'E+!*'!=9*.C+*(A'8!,+A+!;+!3;+-+F(AE+!*'!
2.6*+*'8!BE'AG'9-'8!H!7(8-'9.:;'8!!

3A',+A+*(!,+A+J!
"!#$%#!&'()*+,-./'0!112!
!1+!3+4!5!2.6*+*!7(8-'9.:;'!*';!<=>!!?!@',(A-'!B/+;6+C.D9!,(A!=9*.C+*(A'8!!!
1+!K69*+C.D9!,+A+!;+!2(E69.*+*!=9-'A9+C.(9+;!!L=K2M!

%I!*'!E+A4(!#$%#!
#!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
)6-(A!*';!>(C6E'9-(J!
&'()*+,-./'!112!!L#$%#M!
OOOPG'(+*+,-./'PC(E!
#QQ!R(A-F(;S!7-P!76.-'!T!2+E:A.*G'!U)!$#%NV!W7)!
!
B8-'!*(C6E'9-(!*'!-A+:+X(!8'!.98CA.:'!'9!';!E+AC(!*';!3A(GA+E+!*'!2.6*+*'8!BE'AG'9-'8!H!7(8-'9.:;'8!*';!<+9C(!=9-'A+E'A.C+9(!*'!
>'8+AA(;;(!H!;+!+,;.C+C.D9!*';!,A(GA+E+!+!;+!2.6*+*!*'!1+!3+40!<+X+!2+;.F(A9.+!76AP!
!
!
1(8!*'A'CY(8!8(:A'!'8-'!*(C6E'9-(!,'A-'9'C'9!+!!K69*+C.D9!=9-'A9+C.(9+;!*'!;+!2(E69.*+*!L=2KM0!K69*+C.D9!KBU7)!H!!&'()*+,-./'!112!

"!#$%#!=2K!Z!K69*+C.D9!KBU7)!Z!&'()*+,-./'!112P![(*(8!;(8!*'A'CY(8!A'8'A/+*(8P!R.9G69+!,+A-'!*'!'8-'!*(C6E'9-(!,6'*'!8'A!
A',A(*6C.*+!8.9!';!,'AE.8(!*'!;(8!+6-(A'8P!!
!

N!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!1+!3+4!5!2.6*+*!7(8-'9.:;'!*';!<=>!!?!@',(A-'!B/+;6+C.D9!,(A!=9*.C+*(A'8!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"!#$%#!&'()*+,-./'0!112!!

!
"#!$#%&!'()*+,!
2 6 . * + * ! 7 ( 8 - ' 9 . : ; ' !!
@',(A-'!7.8-'E+!*'!=9*.C+*(A'8!!
,+A+!;+!3;+-+F(AE+!*'!2.6*+*'8!BE'AG'9-'8!H!7(8-'9.:;'8!!

!
!
!
!
3A',+A+*(!,+A+J!
!
<+9C(!=9-'A+E'A.C+9(!*'!>'8+AA(;;(!
3A(GA+E+!*'!2.6*+*'8!BE'AG'9-'8!H!7(8-'9.:;'!
%N$$!R'O!\(AS!)/'96'0!RP]P!
]+8Y.9G-(90!>P2P!!#$I^^!
!
!
B;+:(A+*(!,(AJ!
!
&'()*+,-./'0!112!
#QQ!R(AF(;S!7-A''-0!76.-'!T!!
2+E:A.*G'0!U)!$#%NV!
[';P!_%^PQN#PINV_!
!
%T!*'!E+A4(!#$%#!
!
!!!!
!

"!#$%#!&'()*+,-./'0!112!

!1+!3+4!5!2.6*+*!7(8-'9.:;'!*';!<=>!!?!@',(A-'!B/+;6+C.D9!,(A!=9*.C+*(A'8!!!

T!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

!
!
!

!
!
!

I!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!1+!3+4!5!2.6*+*!7(8-'9.:;'!*';!<=>!!?!@',(A-'!B/+;6+C.D9!,(A!=9*.C+*(A'8!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"!#$%#!&'()*+,-./'0!112!!

!
!
!
!
!
!


GeoAdaptive LLC
!
&'()*+,-./'!'8!69+!'E,A'8+!*'!-'C9(;(G`+0!!C(986;-(A`+!'!.9/'8-.G+C.D9!;+!C6+;!*.8'a+!H!!*'8+AA(;;+!
Y'AA+E.'9-+8!*'!+9b;.8.8!!,+A+!;+!8(8-'9.:.;.*+*!*'!C.6*+*'8!H!A'G.(9'8!'E,;'+9*(!-'C9(;(G`+8!H!
8.8-'E+8!*'!.9F(AE+C.D9!G'(GAbF.C+!H!-'C9(;(G`+!8+-';.-+;P!!!1+!'E,A'8+!Y+!*'8+AA(;;+*(!'8-6*.(8!'9!
,;+9.F.C+C.D9!,(A!'8C'9+A.(80!G'(c*.8'a(!H!,;+9.F.C+C.D9!,+A-.C.,+-./+!C(E69.-+A.+0!8.E6;+C.D9!
6A:+9+0!C+E:.(!C;.Eb-.C(0!'9'AG`+!H!,;+9.F.C+C.D9!+E:.'9-+;P!!76!,(A-+F(;.(!*'!,A(H'C-(8!8'!'d,+9*'!
'9!/+A.(8!C(9-.9'9-'8!H!'8C+;+8P!!

!
!
!
!
!
!
!
"!#$%#!&'()*+,-./'0!112!

!1+!3+4!5!2.6*+*!7(8-'9.:;'!*';!<=>!!?!@',(A-'!B/+;6+C.D9!,(A!=9*.C+*(A'8!!!

_!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

!
!

^!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!1+!3+4!5!2.6*+*!7(8-'9.:;'!*';!<=>!!?!@',(A-'!B/+;6+C.D9!,(A!=9*.C+*(A'8!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"!#$%#!&'()*+,-./'0!112!!

AGRADECIMIENTOS
!
!
B8-'!'8-6*.(!Y+!8.*(!,(8.:;'!GA+C.+8!+;!+,(H(!*'!;+!K69*+C.D9!*'!;+!2(E69.*+*!=9-'A9+C.(9+;!H!!+!;+!
K69*+C.D9!KBU7)P!!!B;!'8-6*.(!8'!:+8+!'9!;+!A'C(,.;+C.D9!*'!*+-(8!*'!E6CY(8!.9*./.*6(8!'!
.98-.-6C.(9'8P!R6'8-A(!'8,'C.+;!+GA+*'C.E.'9-(!8'!*':'!+!';;(8!,(A!868!C(9-A.:6C.(9'8!H!;+!
,+A-.C.,+C.D9!'9!';!!-A+:+X(!,A'8'9-+*(8!'9!'8-'!*(C6E'9-(P!
!
e6'A'E(8!+GA+*'C'A;'!+;!)H69-+E.'9-(!*'!1+!3+4!H!+!;+!!);C+;*'8+!3(9C'!<';-Ab9!,(A!-(*(!86!+,(H(!
'9!;+!';+:(A+C.D9!*'!'8-'!+9b;.8.8P!B8,'C.+;E'9-'!f6'A'E(8!+GA+*'C'A;'!+;!1.CP!WA.';!7+9-+9+!7(;-'A(0!
2((A*.9+*(A!*'!)8'8(A'8g!+;!!)AfP!h(8i!\+S+';';!@+E`A'4!3'Ai40!26+A-(!@'G.*(A!H!+!;+!UP2P!);E+!1.*.+!
2(-+!jX'*+0!>.A'C-(A+!*'!=99(/+C.D9!H!U'X(A+!@'G6;+-(A.+!,(A!-(*+!86!+8.8-'9C.+!'9!;+!A'C(;'CC.D9!
*+-(8!,+A+!;(8!.9*.C+*(A'8P!R6'8-A(!+,A'C.(!+8`!E.8E(!+!-(*(8!;(8!F69C.(9+A.(8!)H69-+E.'9-(!*'!1+!
3+4!f6'!9(8!+C(E,+a+A(9!'9!;(8!*.F'A'9-'8!-+;;'A'8!*'!C(986;-+P!!
!
e6'A'E(8!+GA+*'C'A!;+!C(9F.+94+!*',(8.-+*+!'9!9(8(-A(8!H!;+!A'-A(+;.E'9-+C.D9!C(98-+9-'!*'!;+!!
3;+-+F(AE+!*'!2.6*+*'8!BE'AG'9-'8!H!7(8-'9.:;'8!*';!<+9C(!=9-'A+E'A.C+9(!*'!>'8+AA(;;(P!B9!
'8,'C.+;!96'8-A+!+GA+*'C.E.'9-(!+;!7'a(A!B;;.8!h6+9!L2((A*.9+*(A!*';!,A(GA+E+!2B7M0!2+A;(8!>'!3+C(!
LB8,'C.+;.8-+!1`*'A!*'!j,'A+C.(9'8!*';!<=>0!jF.C.9+!*'!);.+94+8!B8-A+-iG.C+8M0!3+-A.C.+![(AA'8!
L'8,'C.+;.8-+!'9!*'8+AA(;;(!6A:+9(!H!/./.'9*+M0!!H!h'99.F'A!>(Y'A-Hc<.G+A+P!)8.E.8E(0!+;!'f6.,(!*'!
'd,'A-(8!*'!]+8Y.9G-(9!H!Uid.C(!f6'!,+A-.C.,+A(9!'9!;+!U.8.D9!*'!=*'9-.F.C+C.D9!*';!E'8!*'!F':A'A(!
,(A!-(*+!;+!+H6*+!,A(,(AC.(9+*+P!!
!
W9!+GA+*'C.E.'9-(!'8,'C.+;!,+A+!16C`+!KA+68-(!L=2K!51+!3+4M!,(A!-(*+!;+!C((A*.9+C.D9!;(C+;!,A'8-+*+!
*6A+9-'!';!*'8+AA(;;(!*'!'8-'!ED*6;(!*'!+9b;.8.8P!!!

"!#$%#!&'()*+,-./'0!112!

!1+!3+4!5!2.6*+*!7(8-'9.:;'!*';!<=>!!?!@',(A-'!B/+;6+C.D9!,(A!=9*.C+*(A'8!!!

Q!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

!
!

V!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!1+!3+4!5!2.6*+*!7(8-'9.:;'!*';!<=>!!?!@',(A-'!B/+;6+C.D9!,(A!=9*.C+*(A'8!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"!#$%#!&'()*+,-./'0!112!!

CONTENIDO
!
!
!

%P$!=R[@j>W22=kR!PPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPP!#T!
%P%!lA'+!*'!'8-6*.(!PPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPP!#I!
%P#!3;+-+F(AE+!*'!2.6*+*'8!7(8-'9.:;'8!5!<=>!PPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPP!#V!
%PN!!);C+9C'!*';!>.+G9D8-.C(!H!UD*6;(8!)8.8-'9C.+![iC9.C+!PPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPP!N$!
%PT!>'8CA.,C.D9!*'!;(8!UD*6;(8!PPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPP!N%!

#P$!Bm)1W)2=kR!>B!=R>=2)>j@B7!PPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPP!NT!
#P%!7.8-'E+!*'!=9*.C+*(A'8!3;+-+F(AE+!2PBP7P!PPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPP!NT!
#P#!@'C(;'CC.D9!*'!>+-(8!PPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPP!NI!
#PN!B/+;6+C.D9!,(A!7'EbF(A(!PPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPP!NI!
!
NP$!@B7W1[)>j7!PPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPP!I_!
NP%!@'86;-+*(8!*'!;+!B/+;6+C.D9!,(A!.9*.C+*(A'8!PPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPP!I_!
NP#!lA'+8!H!7'C-(A'8!3A.(A.-+A.(8!PPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPP!IV!
NPN!>'8CA.,C.D9!,(A!7'C-(A'8!PPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPP!_%!
NPT!m+C.(!*'!*+-(8!PPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPP!_V!
NPI!7.8-'E+-.4+C.D9!*'!A'C(;'CC.D9!H!,A(C'8+E.'9-(!*'!*+-(8!PPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPP!^%!
!
@'F'A'9C.+8!PPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPP!^N!
),i9*.C'!PPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPP!^I!
!
!

"!#$%#!&'()*+,-./'0!112!

!1+!3+4!5!2.6*+*!7(8-'9.:;'!*';!<=>!!?!@',(A-'!B/+;6+C.D9!,(A!=9*.C+*(A'8!!!

%$!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

%%!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!1+!3+4!5!2.6*+*!7(8-'9.:;'!*';!<=>!!?!@',(A-'!B/+;6+C.D9!,(A!=9*.C+*(A'8!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"!#$%#!&'()*+,-./'0!112!!

SIGLAS
!

<=>!

<+9C(!=9-'A9+C.(9+;!*'!>'8+AA(;;(!

<27!

<+X+!2+;.F(A9.+!76A!

2B=!

2'9-A(!B8-+-+;!*'!=9F(AE+C.D9!

2KB!

2(E.8.D9!K'*'A+;!*'!B;'C-A.C.*+*!

2jKB[B1!!

2(E.8.D9!K'*'A+;!*'![';'C(E69.C+C.(9'8!

2jR)&W)!!

2(E.8.D9!R+C.(9+;!*';!)G6+!

2jRBm)1!

2(98'X(!R+C.(9+;!*'!B/+;6+C.D9!*'!;+!3(;`-.C+!*'!>'8+AA(;;(!7(C.+;!

>&73U! !

>.A'CC.D9!&'9'A+;!*'!7'A/.C.(8!3n:;.C(8!U69.C.,+;'8!

&B=!

&+8'8!*'!BF'C-(!=9/'A9+*'A(!

=2K!

=9-'A9+-.(9+;!2(EE69.-H!K(69*+-.(9!

=322!

=9-'AG(/'A9E'9-+;!3+9';!(9!2;.E+-'!2Y+9G'!L&A6,(!=9-'AG6:'A9+E'9-+;!*'!Bd,'A-(8!8(:A'!
';!2+E:.(!2;.Eb-.C(M!

=U2j!

=98-.-6-(!U'd.C+9(!,+A+!;+!2(E,'-.-./.*+*0!)P2P!

=RB&=!

=98-.-6-(!R+C.(9+;!*'!B8-+*`8-.C+!H!&'(GA+F`+!

jjU7)3)7!

jAG+9.8E(!j,'A+*(A!U69.C.,+;!*';!7.8-'E+!*'!)G6+!3(-+:;'0!);C+9-+A.;;+*(!H!7+9'+E.'9-(!

3B)22!

3;+9!B8-+-+;!*'!)CC.D9!+9-'!';!2+E:.(!2;.Eb-.C(!

7)3)!

7.8-'E+!*'!)G6+!3(-+:;'0!);C+9-+A.;;+*(!H!7+9'+E.'9-(!

7B>B7j1!!

7'CA'-+A`+!*'!>'8+AA(;;(!7(C.+;!

W<27!

W9./'A8.*+*!)6-D9(E+!*'!<+X+!2+;.F(A9.+!76A!

!
!

"!#$%#!&'()*+,-./'0!112!

!1+!3+4!5!2.6*+*!7(8-'9.:;'!*';!<=>!!?!@',(A-'!B/+;6+C.D9!,(A!=9*.C+*(A'8!!!

%#!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

!
!

%N!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!1+!3+4!5!2.6*+*!7(8-'9.:;'!*';!<=>!!?!@',(A-'!B/+;6+C.D9!,(A!=9*.C+*(A'8!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"!#$%#!&'()*+,-./'0!112!!

RESUMEN EJECUTIVO
!
B8-'!*(C6E'9-(!,A'8'9-+!;(8!A'86;-+*(8!*'!>.+G9D8-.C(!,(A!=9*.C+*(A'8!*'8+AA(;;+*(!,+A+!;+!C.6*+*!
*'!1+!3+40!<27!'9!';!E+AC(!*';!,A(GA+E+!*'!2.6*+*'8!BE'AG'9-'8!H!7(8-'9.:;'8!*';!<+9C(!
=9-'A+E'A.C+9(!*'!>'8+AA(;;(P!!B;!*.+G9D8-.C(!Y+!8.*(!';+:(A+*(!,(A!&'()*+,-./'!1120!f6'!C((A*.9D!
C(9!A',A'8'9-+9-'8!*';!G(:.'A9(!*'!;+!C.6*+*!*'!;+!3+4!H!*';!<=>!+!F.9!*'!(:-'9'A!;(8!*+-(8!
9'C'8+A.(8!,+A+!*'8+AA(;;+A!;+!'/+;6+C.D9!*'!%$V!.9*.C+*(A'8P!B;!*.+G9D8-.C(!.9.C.+;!8'!';+:(AD!
6-.;.4+9*(!;+!E'-(*(;(G`+!*'!.9*.C+*(A'8!*'8+AA(;;+*+!,(A!';!<=>0!;+!C6+;!F6'!*.8'a+*+!C(9!';!(:X'-./(!
*'!E'*.A!*'!F(AE+!Ab,.*+!H!C6+9-.-+-./+!';!'8-+*(!*'!;+8!C.6*+*'8!'9!N!bA'+8!'8-A6C-6A+;'8!,+A+!;+!
.9.C.+-./+J!%M!8(8-'9.:.;.*+*!+E:.'9-+;!H!C+E:.(!C;.Eb-.C(g!#M!*'8+AA(;;(!6A:+9(g!!H!NM!8(8-'9.:.;.*+*!
F.8C+;!H!G(:'A9+:.;.*+*!L=)><0!#$%%MP!!!
1(8!*+-(8!f6'!+;.E'9-+A(9!;+!'/+;6+C.D9!F6'A(9!(:-'9.*(8!'9!C((A*.9+C.D9!C(9!;+!>.A'CC.D9!*'!
=99(/+C.D9!H!U'X(A+!@'G6;+A`+!*'!;+!jF.C.+;`+!U+H(A!*'!;+!2.6*+*!*'!1+!3+4!H!(AG+9.4+*(80!!
.9-'A,A'-+A(8!H!'/+;6+*(8!,(A!&'()*+,-./'P!1(8!*+-(8!F6'A(9!'/+;6+*(8!*'!E+9'A+!(:X'-./+!68+9*(!
;+!E'-(*(;(G`+!*'!.9*.C+*(A'80!.*'9-.F.C+9*(!CA.-'A.(8!-.,(!o8'EbF(A(p!LA(X(0!+E+A.;;(!H!/'A*'MP!1(8!
'8-b9*+A'8!*'!E'*.*+!F6'A(9!'8-+:;'C.*(8!H!*'F.9.*(8!'9!C(9X69-(!C(9!;(8!'d,'A-(8!*'!;+!,;+-+F(AE+!
*';!<=>!H!8'Ab9!C(E,+A+*(8!C(9!;(8!A'86;-+*(8!*'!;+8!(-A+8!C.6*+*'8!f6'!F(AE+9!,+A-'!*';!,A(GA+E+P!
7'!';+:(A+A(9!#T!F.CY+8!-iC9.C+8!,+A+!C+*+!bA'+!-'Eb-.C+!*'!.9*.C+*(A'8P!B8-'!A',(A-'!.9C;6H'!;(8!
CA.-'A.(8!*'!'/+;6+C.D9!+8`!C(E(!;(8!E'-+*+-(8!!*'!A'F'A'9C.+!LF6'9-'8!*'!.9F(AE+C.D9M!,+A+!C+*+!
69(!*'!;(8!%$Q!.9*.C+*(A'8!C+;C6;+*(8P!B8-+!'-+,+!,A(C'8(!Y+!C(9C;6.*(!!C(9!;+!.*'9-.F.C+C.D9!*'!;+8!
bA'+8!Eb8!,A(:;'Eb-.C+8!H!!Eb8!A';'/+9-'8!,+A+!;+!C.6*+*!:+8+*(!'9!;+!'/+;6+C.D9!C6+9-.-+-./+P!!!
B;!A',(A-'!-+E:.i9!,A'8'9-+!.9F(AE+C.D9!C6+;.-+-./+!'9!96'/'!bA'+8!(!8'C-(A'8!C+,-6A+*+!*6A+9-'!;+!
U.8.D9!*'!=*'9-.F.C+C.D9!C(9*6C.*+!*';!_!+;!V!*'!F':A'A(!C(9!,+A-.C.,+9-'8!*';!G(:.'A9(!*'!;+!C.6*+*!
H!*'!'d,'A-(8!*';!<=>!*'!;+8!jF.C.9+!*'!Uid.C(!H!7'*'!*'!]+8Y.9G-(9!>2MP!!!
!

2jR[@=<W2=jRB7!21)mB!>B!B7[B!@B3j@[BJ!
!

-./0!10231/0!4#!536/17897:3!#&!!
!

!
!

!
!

1+!(AG+9.4+C.D9!*'!;(8!!*+-(8!f6'!
F(AE+Ab9!;+!:+8'!'/+;6+-./+!,+A+!;(8!
.9*.C+*(A'8!*'!;+!C.6*+*!*'!1+!3+4P!
1+!A'C(;'CC.D9!H!C(98(;.*+C.D9!*'!
.9F(AE+C.D9!*'!'d,'A-(8!E69.C.,+;'80!<=>!
H!C(986;-(A'8!8(:A'!-'E+8!*'!
.E,(A-+9C.+P!!

"!#$%#!&'()*+,-./'0!112!

!
!

!
!
1+! ';+:(A+C.D9! F.9+;! *'! ;+! '/+;6+C.D9! *'!
.9*.C+*(A'8!,(A!8'EbF(A(P!
1+! .*'9-.F.C+C.D9! *'! bA'+8! C;+/'! ,+A+! ;+!
';+:(A+C.D9! *'! 69! 3;+9! *'! )CC.D9! f6'!
,A(E6'/+! ;+! 8(8-'9.:.;.*+*! *'! ;+! C.6*+*P!

!1+!3+4!5!2.6*+*!7(8-'9.:;'!*';!<=>!!?!@',(A-'!B/+;6+C.D9!,(A!=9*.C+*(A'8!!!

%T!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

qjR)!>B!B7[W>=j!!!
!

B;!;`E.-'!,(;`-.C(!*'!;+!C.6*+*!*'!1+!3+4!*'F.9'!';!bA'+!*'!.9-'Ai8!,+A+!';!*'8+AA(;;(!*';!*.+G9D8-.C(P!!1+!
C.6*+*!*'!1+!3+4!'8!;+!C+,.-+;0!!C'9-A(!*'!C(E'AC.(!H!'*6C+-./(!*';!B8-+*(!*'!<+X+!2+;.F(A9.+!76A0!Uid.C(P!!
7'!;(C+;.4+!+;!9(A('8-'!*'!;+!A',n:;.C+!E'd.C+9+0!+;!86A!*'!;+!,'9`986;+!*'!<+X+!2+;.F(A9.+!'9!;+!C(8-+!'8-'!
*';!&(;F(!*'!2+;.F(A9.+P!7'Gn9!';!C'98(!*'!#$%$0!;+!C.6*+*!*'!1+!3+4!C6'9-+!C(9!!#%I!%^Q!Y+:.-+9-'8!H!
C(98.*'A+9*(!;+8!bA'+8!H!,(:;+*(8!+;'*+a(8!C(9F.G6A+!69+!4(9+!E'-A(,(;.-+9+!f6'!C6'9-+!C(9!69!-(-+;!
*'!#I%!Q^%!Y+:.-+9-'8P!1+!C.6*+*!Y+!'d,'A.E'9-+*(!69!CA'C.E.'9-(!,(:;+C.(9+;!C(98.*'A+:;'0!*'!69!#Qr!
'9-A'!;(8!+a(8!#$$$!H!#$%$P!>.CY(!CA'C.E.'9-(!Y+!8.*(!C(98'C6'9C.+!*'!!,A(C'8(8!*'!.9E.GA+C.D9!'9!<27!
H!';!A'8-(!*';!,+`80!'d,;.C+*(8!,(A!;(8!+;-(8!'8-b9*+A'8!*'!:.'9'8-+A!H!C+;.*+*!*'!/.*+!*'!;+!C.6*+*P!1+!
C.6*+*!C6'9-+!C(9!69+!A'9-+!,A(E'*.(!*'!W7s!#^!*.+A.(80!'9!C(9-A+8-'!C(9!';!,A(E'*.(!9+C.(9+;!*'!W7s!
T0#I!*.+A.(8P!!)!,'8+A!*'!86!C+;.*+*!*'!/.*+0!CA'C.E.'9-(!'C(9DE.C(!!H!+;-+!A'9-+0!;+!C.6*+*!'9FA'9-+!+!69+!
8'A.'!*'!.E,(A-+9-'8!A'-(8!'9!;+8!bA'+8!*'!'9'AG`+0!+G6+!'!.9FA+'8-A6C-6A+!E69.C.,+;P!76!C(9*.C.D9!
*'8iA-.C+!H!*'!+;-(!+-A+C-./(!-6A`8-.C(!.9-'98.F.C+!;+8!*'E+9*+8!'9!;+!,A(/.8.D9!*'!8'A/.C.(80!;(!C6+;!+GA+/+!
;(8!,A(:;'E+8!'d.8-'9-'8P!B8-+8!C(9*.C.(9'8!G'9'A+9!A'-(8!.E,(A-+9-'8!'9!;+!8(8-'9.:.;.*+*!+E:.'9-+;!H!
6A:+9+0!F.8C+;!H!;+!G(:'A9+:.;.*+*!*'!;+!A'G.D9P!!
!

)3@jt=U)2=kR!UB[j>j1k&=2)!
!

B8-'!!'8-6*.(!F6'!A'+;.4+*(!E'*.+9-'!;+!C((A*.9+C.D9!'!.9-'GA+C.D9!!'9-A'!A',A'8'9-+9-'8!*';!G(:.'A9(!*'!
;+!C.6*+*0!';!<=>!H!;+!F.AE+!&'()*+,-./'P!1+!+,A(d.E+C.D9!E'-(*(;DG.C+!,+A+!C(9*6C.A!';!*.+G9D8-.C(!,(A!
.9*.C+*(A'8!8'!:+8D!'9!;+8!!,+6-+8!'8-+:;'C.*+8!,(A!';!*(C6E'9-(!o[Y'!768-+.9+:;'!BE'AG.9G!2.-.'8!L7B2M!
&6.*'J!u(O!=><!-'+E8!C+9!Y';,!+**A'88!+!C.-Hv8!868-+.9+:.;.-H!CY+;;'9G'8p!L<=>0!9(/.'E:A'!*'!#$%%MP!!
1+!(,'A+C.(9+;.4+C.D9!8'!*.(!E'*.+9-'!69!,A(C'8(!'9!';!C6+;!&'()*+,-./'!F69G.D!C(E(!C((A*.9+*(A!
G'9'A+;!'9!;+!A'C(;'CC.D9!H!'/+;6+C.D9!*'!*+-(8!,+A+!';!*.+G9D8-.C(P!!1+!+*f6.8.C.D9!*'!*+-(8!F6'!,(8.:;'!
GA+C.+8!+!;(8!+,(A-'8!*'!;+!>.A'CC.D9!*'!=99(/+C.D9!H!U'X(A+!@'G6;+A`+!*'!;+!jF.C.+;`+!U+H(A!*'!;+!2.6*+*!
*'!1+!3+40!'9!;+!F.G6A+!*'!;+!UP7P!);E+!1.*.+!2(-'X+0!;+!C6+;!'8-6/(!+!C+AG(!*';!,A(C'8(!*'!A'C(;'CC.D9!'!
.*'9-.F.C+C.D9!*'!F6'9-'8!*'!*+-(8!.9-A+E69.C.,+;'8P!U'*.+9-'!C(E69.C+C.D9!,'A.D*.C+!L;;+E+*+80!'E+.;0!
/.*'(cC(9F'A'9C.+!H!-+;;'A'8M0!&'()*+,-./'!G'8-.(9D!,+6-+8!,+A+!;+!A'C(;'CC.D9!'!.*'9-.F.C+C.D9!*'!
.9F(AE+C.D9!H!*'8+AA(;;D!;+!'/+;6+C.D9!*'!;(8!.9*.C+*(A'8P!!!1+!.9F(AE+C.D9!A'C(,.;+*+!F6'!'9!69!%$$r!
o8'C69*+A.+p!*':.*(!+!;+!9'C'8.*+*!*'!6-.;.4+A!n9.C+E'9-'!*+-(8!f6'!8'!,6'*+9!(:-'9'A!'9!';!F6-6A(!
,'A.D*.C+!H!A'C6AA'9-'E'9-'P!B;!,A(C'8(!*'!*.+G9D8-.C(!F6'!+/+;+*(!E'*.+9-'!;;+E+*+8!,'A.D*.C+8!C(9!
,'A8(9+;!-iC9.C(!*';!<=>!+8`!C(E(!86,;'E'9-+*(!,(A!69!-+;;'A!*'!-A+:+X(!A'+;.4+*(!'9!;+8!(F.C.9+8!*';!<=>!
'9!]+8Y.9G-(9!';!N$!*'!'9'A(!*'!#$%%P!!
!
!
!

@B7W1[)>j7!
!
;0.9</#:3.!:0!<#!-=#<9#57>6!!231!0<!(7./0?#!:0!+6:75#:310.!'-(!
1+!'/+;6+C.D9!,(A!.9*.C+*(A'8!8'!';+:(AD!:+8+*(8!'9!CA.-'A.(8!-.,(!o8'EbF(A(p!LA(X(0!+E+A.;;(!H!/'A*'MP!
1(8!C(;(A'8!*';!8'EbF(A(!*'8CA.:'9!*'!69+!E+9'A+!8'9C.;;+!';!*'8'E,'a(!*'!;+!G'8-.D9!*';!G(:.'A9(!*'!
;+!C.6*+*!'9!C+*+!69(!*'!;(8!-'E+8!C6:.'A-(8!,(A!';!8.8-'E+!*'!.9*.C+*(A'8P!!!B;!,A(C'8(!'/+;6D!69!-(-+;!
*'!%TN!.9*.C+*(A'8!*'!;(8!C6+;'8!%%!.9*.C+*(A'8!F6'A(9!';.E.9+*(8!,(A!';!!<=>P!R(!F6'!,(8.:;'!'/+;6+A!NI!
.9*.C+*(A'8!*':.*(!+!;+!F+;-+!*'!*+-(8P!!!
1+!'/+;6+C.D9!*'!CA.-'A.(8!-.,(!8'EbF(A(!8'!!+:(A*D!+!9./';'8J!%M!'/+;6+C.D9!,(A!-'E+!*'!=9*.C+*(A'8!L#T!
-'E+8!'9!-(-+;M!H!#M!'/+;6+C.D9!,(A!.9*.C+*(A'8!9./';!.9*./.*6+;!L%TN!.9*.C+*(A'8!'/+;6+*(8!
.9*./.*6+;E'9-'MP!1(8!A'86;-+*(8!*'!;+!'/+;6+C.D9!*'!.9*.C+*(A'8!'8-b9!A'86E.*(8!'9!;(8!8.G6.'9-'8!
C6+*A(8P!!

;-(@A-B!+B,+'C,D;-(!!'-(!E!"C!$CFG!AHI+'D!
!
7'EbF(A(!@(X(J!TN!=9*.C+*(A'8!LT$rM!
!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

7'EbF(A(!)E+A.;;(J!%^!=9*.C+*(A'8!L%_rM!

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

7'EbF(A(!m'A*'J!TQ!=9*.C+*(A'8!LTTrM!

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
[(-+;J!%$Q!=9*.C+-(A8!
!

(D(J-B+*"+,C,!CA*+-BJC"!K!

,-(C;;D""D!@;*CBD!

(D(J-B+*+"+,C,!L+('C"!M!

'CA*+D!'"+ACJ+'D!

ND*-;BC*+"+,C,!

%_!=9*.C+*(A'8!LT#rM!

%#!=9*.C+*(A'8!L#QrM!

%I!=9*.C+*(A'8!LI_rM!

!!#!=9*.C+*(A'8!LIrM!

%%!=9*.C+*(A'8!L#_rM!

!!T!=9*.C+*(A'8!L%TrM!

#$!=9*.C+*(A'8!LINrM!

#$!=9*.C+*(A'8!LT_rM!

!!Q!=9*.C+*(A'8!LN$!rM!

!!!!!!![(-+;!NQ!!L%$$rM!

!!!!!!!!![(-+;!TN!L%$$rM!

!!!!!!!!![(-+;!#^!L%$$rM!

!
2(E(!8'!,6'*'!9(-+A!,(A!;(8!A'86;-+*(80!;+!*.E'98.D9!*'!(3./06787<7:#:!L7.5#<!O!N38016#87<7:#:!'8!;+!
f6'!E6'8-A+!E+H(A!,(AC'9-+X'!*'!.9*.C+*(A'8!A(X(8!LI_r!*'!.9*.C+*(A'8!'9!A(X(!(!'f6./+;'9-'!+!%I!*'!
;(8!#^!'/+;6+*(8!,+A+!'8-+!*.E'98.D9MP!!B8-(!,(8.C.(9+!+!;+!*.E'98.D9!*'!7(8-'9.:.;.*+*!K.8C+;!H!
&(:'A9+:.;.*+*!C(E(!!,A.(A.-+A.+!,+A+!69+!'/+;6+C.D9!,A(F69*+!H!'8!+*'Eb8!*(9*'!;+8!+CC.(9'8!
,A.(A.-+A.+8!*':'9!C'9-A+A8'P!&'()*+,-./'!8'!'9C6'9-A+!C(9*6C.'9*(!69!+9b;.8.8!*'-+;;+*(!*'!;+8!
F.9+94+8!E69.C.,+;'8!+!F.9!*'!(FA'C'A!69+!'/+;6+C.D9!'9!E+H(A!*'-+;;'!H!,A(,(9'A!69!,;+9!*'!+CC.D9!f6'!
"!#$%#!&'()*+,-./'0!112!

!!1+!3+4!5!2.6*+*!7(8-'9.:;'!*';!<=>!!?!@',(A-'!B/+;6+C.D9!,(A!=9*.C+*(A'8!!!!!

!!!!!%_!!!!

!
A'8,(9*+!+!;+8!C(9*.C.(9'8!,A'8'9-'8P!W9!A'86E'9!*'!;(8!+/+9C'8!,A';.E.9+A'8!8'!Y+!.9C;6.*(!'9!';!
A',(A-'!'9!;+!8'CC.D9!*'!A'86;-+*(8P!B;!A',(A-'!F.9+;!*';!*.+G9D8-.C(!*'!;+8!F.9+94+8!E69.C.,+;'8!8'!
'9-A'G+Ab!'9!';!+:A.;!*'!#$%#P!B;!,;+9!*'!+CC.D9!,+A+!;+8!F.9+94+8!E69.C.,+;'8!8'!'9-A'G+Ab!'9!';!E'8!*'!
E+H(!*';!,A'8'9-'P!!
1+!8'C69*+!*.E'98.D9!C(9!E+H(A!,(AC'9-+X'!*'!.9*.C+*(A'8!'/+;6+*(8!C(E(!8'EbF(A(!A(X(!'8!;+!
*.E'98.D9!'8!;+!*'!(3./06787<7:#:!C?8706/#<!O!'#?873!'<7?P/753P!B9!'8-+!*.E'98.D9!%_!*'!;(8!NQ!
.9*.C+*(A'8!L'f6./+;'9-'8!+!69!T#rM!Y+9!A'86;-+*(!'9!;+!C+-'G(A`+!*'!8'EbF(A(!A(X(P!!B;!A'-(!,A.9C.,+;!*'!
'8-+!*.E'98.D9!A'C+'!'9!*(8!+8,'C-(8!F69*+E'9-+;'8J!1+!C+9-.*+*!H!-A+98/'A8+;.*+*!*'!.9*.C+*(A'8!H!
-'E+8!'/+;6+*(8!C(E(!A(X(!H!;(8!/+C`(8!*'!*+-(8P!3(A!'X'E,;(0!C(E(!Y+!'/.*'9C.+*(!!'9!;+!8'CC.D9!*'!
B/+;6+C.D9!*'!=9*.C+*(A'8!'9!';!A',(A-'0!;+!-(-+;.*+*!*'!;+!8'CC.D9!'9!U.-.G+C.D9!*';!2+E:.(!2;.Eb-.C(!9(!
8'!Y+!'/+;6+*(!*':.*(!+!;+!.9'd.8-'9C.+!*'!*+-(8!,+A+!'8-'!-'E+P!>'!.G6+;!F(AE+0!'9!';!-'E+!*'!2+;.*+*!
*';!).A'!9(!8'!'9C(9-A+A(9!*+-(8!*'!+,(H(!9.!'/.*'9C.+!8(:A'!;+!G'8-.D9!*'!,+A-'!*'!;+!C.6*+*!'9!'8-+!
bA'+P!B9!(-A(8!-'E+80!C(E(!&'8-.D9!*'!@'8.*6(8!7D;.*(80!';!!I^r!LT!*'!^M!8(9!8'EbF(A(!A(X(P!1(!E.8E(!
(C6AA'!C(9!;(8!.9*.C+*(A'8!*';!8'C-(A!'9'AG`+0!*(9*'!_$r!*'!;(8!.9*.C+*(A'8!8(9!A(X(8!H!n9.C+E'9-'!';!
T$r!8(9!/'A*'8P!B;!-'E+!+G6+0!+!,'8+A!*'!f6'!C6'9-+!C(9!8(;(!69!T$r!*'!;(8!.9*.C+*(A'8!A(X(80!.E,;.C+!
A'-(8!.E,(A-+9-'8!'9!;+!G'8-.D9!*':.*(!+!868!-A+98/'A8+;.*+*'8!C(9!';!-'E+!F.8C+;!H!F.9+9C.'A(!+8`!C(E(!
;+8!C(98.*'A+C.(9'8!*'!;+!8(8-'9.:.;.*+*!*';!A'C6A8(0!,+A-.C6;+AE'9-'!C(98.*'A+9*(!;+8!,A(H'CC.(9'8!*'!
CA'C.E.'9-(!*'!;+!C.6*+*P!!
1+!*.E'98.D9!*'!,0.#113<<3!@18#63!,A'8'9-+!69!:+;+9C'!*'!'/+;6+C.D9!,(A!8'EbF(A(8!Eb8!,(8.-./(P!2(9!
69!-(-+;!*'!T_r!*'!;(8!.9*.C+*(A'8!'9!/'A*'!H!n9.C+E'9-'!69!#Qr!'9!A(X(0!'8-+!*.E'98.D9!,A'8'9-+!;(8!
,A.9C.,+;'8!A'-(8!'9!;+8!bA'+8!*'!68(!*';!86';(!H!-A+98,(A-'P!!
!

Q#5R3!:0!,#/3.!!
)!,'8+A!*'!f6'!8'!;(GAD!'/+;6+A!69!-(-+;!*'!%$Q!.9*.C+*(A'8!*'!;(8!%TN!.9*.C+*(A'8!,A'8'9-'8!'9!;+!
n;-.E+!/'A8.D9!*'!;+!E'-(*(;(G`+!L<=>0!F':A'A(!*'!#$%#M0!9(!F6'!,(8.:;'!+*f6.A.A!*+-(8!,+A+!NI!
.9*.C+*(A'8!L#TrMP!B8-(8!'8-b9!*.8-A.:6.*(8!'9!;+8!-A'8!*.E'98.(9'8!*'!;+!3;+-+F(AE+!2B7!*'!;+!8.G6.'9-'!
F(AE+J!
!

R6E'A(!*'!.9*.C+*(A'8!8.9!*+-(8!
,+A+!'/+;6+C.D9!
3(AC'9-+X'!*';![(-+;!*'!
=9*.C+*(A'8!'9!;+!*.E'98.D9!

7(8-'9.:.;.*+*!
U'*.(+E:.'9-+;!H!
2+E:.(!2;.Eb-.C(!

!
7(8-'9.:.;.*+*!
WA:+9+!

7(8-'9.:.;.*+*!
K.8C+;!H!
&(:'A9+:.;.*+*!

%#!

%T!

V!

#Tr!

#Ir!

#Ir!

B;!-.,(!*'!/+C`(!*'!*+-(8!+;!f6'!';!'f6.,(!8'!'9FA'9-D!'9!1+!3+40!9(!,'AE.-.D!-+E,(C(!!*'8+AA(;;+A!,A(d.8!
f6'!C(9!86F.C.'9-'!C(9F.+94+0!f6'!,'AE.-.'A+9!69+!'/+;6+C.D9!,+AC.+;!*'!;(8!.9*.C+*(A'8P!B8-(8!/+C`(8!
A',A'8'9-+9!69!A'-(!8.G9.F.C+-./(!,+A+!;+!F6-6A+!G'8-.D9!E69.C.,+;!*'!1+!3+40!H+!f6'!'8!9'C'8+A.(!C(9-+A!
%^!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!1+!3+4!5!2.6*+*!7(8-'9.:;'!*';!<=>!!?!@',(A-'!B/+;6+C.D9!,(A!=9*.C+*(A'8!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"!#$%#!&'()*+,-./'0!112!!

!
C(9!;+!-(-+;.*+*!*'!;(8!*+-(8!,+A+!f6'!;+!,A.(A.4+C.D9!*'!-'E+8!H!8'C-(A'8!,(A!.9-'A/'9.A!8'+!E6H!
C(9F.+:;'P!
1(8!/+C`(8!8'!*+9!*':.*(!+!f6'!;+!C.6*+*!(!+6-(A.*+*!A'8,'C-./+!9(!C6'9-+!C(9!8.8-'E+!*'!E'*.C.D9!
,'A.D*.C+0!(!9(!A',(A-+!.9F(AE+C.D9!(!*+-(8!8(:A'!;+!*.9bE.C+!+!;+!f6'!8'!A'F.'A'!';!.9*.C+*(AP!!
!
;0.9</#:3.!:0<!#6P<7.7.!231!.98/0?#!
B;!8.G6.'9-'!'8!69!A'86E'9!*';!+9b;.8.8!*'!'/+;6+C.D9!,(A!8'EbF(A(!,A'8'9-+*(!,(A!-'E+!H!86:-'E+P!
h69-(!+!C+*+!-'E+!8'!.9*.C+!;+!*.8-A.:6C.D9!*'!C(;(A'8!*'!8'EbF(A(!*'!;(8!.9*.C+*(A'8!f6'!;'!,'A-'9'C'!+!
C+*+!86:-'E+P!B;!C(;(A!9'GA(!.9*.C+!;(8!-'E+8!,+A+!;(8!C6+;'8!9(!8'!C6'9-+!C(9!*+-(8P!
!
!

!"#$%&'(')'*+*,
-%*'"+.('%&$+),/,!
0+.('",0)'.1$'2",

40% 60%

100%

60% 40%

Agua

Saneamiento

57% 43%

Gestin de
Residuos Solidos

60% 40%

Energa

100%

Calidad de Aire

33% 58%
8%

Gestin Publica
Moderna

50% 30%

Transporte

100%

Transparencia

20%

40%

100%

25%
25%

Competitividad de
la Economa

Empleo

50%

Conectividad

50%

Educacin

11.2%
33.3% 55.5%

25%
75%

"!#$%#!&'()*+,-./'0!112!

Gestin Publica
Participativa

100%

25%

Vulnerabilidad
ante Desastres
Naturales

33%
67%

Inequidad
Urbana

25%

Ruido

Uso Del Suelo

!"#$%&'(')'*+*,,
5'#2+),/,6"(%4&+(')'*+*,

100%

60%

Mitigacin del
Cambio
Climtico
50% 50%

!"#$%&'(')'*+*,,
34(+&+,

44%

56%

29%
57% 14%

Impuestos y
Autonoma
Financiera
Manejo de Gasto

Pasivos
Contingentes
33%
66%

Deuda

Seguridad
Ciudadana
Salud

!!1+!3+4!5!2.6*+*!7(8-'9.:;'!*';!<=>!!?!@',(A-'!B/+;6+C.D9!,(A!=9*.C+*(A'8!!!!!

!!!!!%Q!!!!

!
;0.9</#:3.!+6:7=7:9#<0.!:0!+6:75#:310.!
L+!'/+;6+C.D9!*'!C+*+!69(!*'!;(8!.9*.C+*(A'8!'8!*.F`C.;!*'!A',A'8'9-+A!'9!69!C6+*A(!n9.C(!(!,;+9.;;+!

*':.*(!+!86!,A(F69*.*+*!H!'d-'98.D9P!!B;!8.G6.'9-'!'8!69!C6+*A(!A'86E'9!*'!;(8!%$Q!.9*.C+*(A'8!
'/+;6+*(8P!
!
! !!"#$%&'()!

*!

+,-./(-01!

"#$%&'(&)!*%!)+()!
,#')$-%!
<=0/0%2/0)!%2!%-!(3#!
*%-!)+()!
<=0/0%2/0)!%2!-)!
,&%3')/012!*%!
3%&50/0#!*%!)+()!
,#')$-%!
!
C03,#20$0-0*)*!*%!
&%/(&3#3!8D*&0/#3!

2!

.#$-)/012!/#2!)//%3#!)!)+()!,#')$-%!

5!

"#23(6#!*%!)+()!,%&!/9,0')!

3!

"#2'02(0*)*!*%-!3%&50/0#!*%!)+()!,#')$-%!

7!

B+()!2#!/#2')$0-0A)*)!

8!

E)-)2/%!2%'#!*%!)+()!:&%/(&3#3!02'%&2#3!>!
%?'%&2#3;!

"#$%&'(&)!*%!
3)2%)60%2'#!

9!
!
!

.#$-)/012!)//%3#!)!3)2%)60%2'#!,#&!
)-/)2')&0--)*#!

!
!

4!

.#$-)/012!/#2!,#A#!3G,'0/#H!-%'&02)!*%!,#A#!
6%I#&)*)!#!/#2!-#A)!
J&%)!02(2*)*)!*(&)2'%!,&%/0,0')/0#2%3!/#2!
=&%/(%2/0)!*%!#/(&&%2/0)!0+()-!)!K!)L#3!
M&)')60%2'#!3%/(2*)&0#!*%!)+()!&%30*()-!

6!

B+()3!&%30*()-%3!&%('0-0A)*)3!

2;!

.#$-)/012!/#2!)//%3#!&%+(-)&!)!&%/#-%//012!
*%!&%30*(#3!3#-0*#3!

22!

C03,#30/012!=02)-R!&%--%2#!3)20')&0#!

25!
!

<?,#30/012!)!
87! ")2'0*)*!*%!*%3)3'&%!2)'(&)-%3!&%+03'&)*#3!%2!-)!
*%3)3'&%3!2)'(&)-%3!
/0(*)*!-#3!7-'06#3!ST!)L#3!

23!
!
27!

O0*)!&%6)2%2'%!*%-!,&%*0#!%2!%-!/()-!%3')!
023')-)*#!&%--%2#!3)20')&0#Q5%&'%*%&#!
/#2'&#-)*#!
C03,#30/012!=02)-R!5%&'%*%&#3!)!/0%-#!)$0%&'#!
Q!/#2'&#-)*#3H!/(%&,#3!*%!)+()!>!@(%6)*#3!
M&)')60%2'#R!/#6,#3')I%!

C%230*)*!(&$)2)!

8:! C%230*)*!*%!,#$-)/012!

O050%2*)!

9;! CG=0/0'3!*%!5050%2*)!/()2'0')'05)!>!/()-0')'05#!

28!

M&)')60%2'#R!&%/0/-)*#3!

.-)20=0/)/012!*%!
(3#!*%!3(%-#!

29!

M&)')60%2'#R!(3)*#!/#6#!&%/(&3#3!
%2%&+G'0/#3!
.#$-)/012!/#2!)//%3#!=#&6)-!)!-)!%2%&+D)!
%-G/'&0/)!
.#$-)/012!/#2!)//%3#!=#&6)-!)!+)3!,#&!&%*!
*#60/0-0)&0)!
.#$-)/012!/#2!)//%3#!=#&6)-!)!+)3!,#&!
+)&&)=)!
.#$-)/012!/#2!)//%3#!=#&6)-!)!+)3!,#&!&%*!
*#60/0-0)&0#!)!+)&&)=)!
"#2'02(0*)*!*%-!3%&50/0#!*%!%2%&+D)!
%-G/'&0/)!
"#23(6#!)2()-!*%!%2%&+D)!%-G/'&0/)!,%&!
/9,0')!
<?03'%2/0)H!6#20'#&%#!>!/(6,-060%2'#!*%!
&%+(-)/012!*%!%=0/0%2/0)!%2%&+G'0/)Z!
.&#*(//012Q(3#!*%!%2%&+D)!&%2#5)$-%3!
/#6#!,#&/%2')I%!*%-!'#')-!*%!%2%&+D)!
%-G/'&0/)!!
.&#*(//012Q(3#!*%!%2%&+D)3!&%2#5)$-%3!/#6#!
,#&/%2')I%!*%-!'#')-!*%!%2%&+D)!%-G/'&0/)!
<2%&+D)!+%2%&)*)!)2()-6%2'%!,#&!-)!
/),'(&)!*%!+)3!6%')2#!
<?03'%2/0)H!6#20'#&%#!>!/(6,-060%2'#!*%!
&%+(-)/012!3#$&%!/)-0*)*!*%!)0&%Z!
<?03'%2/0)H!6#20'#&%#!>!/(6,-060%2'#!*%!
&%+(-)/012!3#$&%!,#-(/012!)/73'0/)!

93! .#3%%!(2!,-)2!*%!('0-0A)/012!*%-!3(%-#!
)/'05)6%2'%!06,-%6%2')*#!
97! <?03'%2/0)!*%!(2!,-)2!*%!*%3)&&#--#!(&$)2#!*%!
-)&+#!,-)A#!:UVT!)L#3;!@(%!3%!%2/(%2'&%!50+%2'%!
98! <?03'%2/0)!*%!(2!,-)2!*%!*%3)&&#--#!'%&&0'#&0)-!
(&$)2#!
99! .#$-)/012!%2!30'()/012!*%!,#$&%A)!

94! .#&/%2')I%!*%-!.WE!%2!6)2#3!*%-!STF!6)3!&0/#!*%!
-)!,#$-)/012!
:2! O%-#/0*)*!6%*0)!%2!,&02/0,)-%3!/#&&%*#&%3!*%!
'&)23,#&'%!,($-0/#!
:5! X#*)-!3,-0'Y!5%8D/(-#!6#'#&!,&05)*#!

:3! X#*)-!3,-0'Y!'&)23,#&'%!,($-0/#!:02/-(>%2*#!')?0;!

:!

<=0/0%2/0)!*%!
*&%2)I%!
M&)')60%2'#!*%!
)+()!&%30*()-%3!
P%('0-0A)/012!)+()!
&%30*()-!
"#$%&'(&)!*%!
&%/#-%//012!*%!
&%30*(#3!3#-0*#3!
C03,#30/012!=02)-!
)*%/()*)!*%!
&%30*(#3!3#-0*#3!

M&)')60%2'#!*%!
&%30*(#3!3#-0*#3!
!

"#$%&'(&)!
%2%&+G'0/)!
!
!

2:!
!
24!
!

26!
<=0/0%2/0)!%2!%-!(3#!*%!
-)!%2%&+D)!
!!
!
<2%&+D)3!
)-'%&2)'05)3!>!
&%2#5)$-%3!

5;!
58!
59!
!

5:!
"#2'&#-!*%!-)!
/)-0*)*!*%-!)0&%!
"#2'&#-!*%!&(0*#!

54!
3:!

!
!

!!"#$%&'()!

*!

.&%3012!3#2#&)!
!
"),)/0*)*!)*),'05)!
)-!/)6$0#!/-069'0/#!
>!%5%2'#3!2)'(&)-%3!
%?'&%6#3!
!
!

34! 405%-%3!6%*0#3!*%!,&%3012!)/73'0/)!%2!8#&)3!
/&0'0/)3!*%!9&%)3!/-)5%!:*%/0$%-;!
36! <?03'%2/0)!*%!6),)3!*%!&0%3+#!@(%!02/-(>%2!
)6%2)A)3!2)'(&)-%3!>!)29-0303!*%!5(-2%&)$0-0*)*!
75! <?03'%2/0)!*%!,-)2%3!*%!/#2'02+%2/0)!)*%/()*#3!
,)&)!*%3)3'&%3!2)'(&)-%3!>!/)6$0#!/-069'0/#!
73! <?03'%2/0)!*%!)-%&')!'%6,&)2)!%=%/'05#3!

77! <?03'%2/0)!*%!,-)2%3!%=%/'05#3!*%!+%3'012!*%!
&0%+#3!*%!*%3)3'&%3!!>!*%!)*),')/012!)-!/)6$0#!
/-069'0/#!
78! F!*%!6%*0*)3!06,-%6%2')*)3!*%!-#3!,-)2%3!*%!
+%3'012!*%!&0%3+#!*%!*%3)3'&%3!>!)*),')/012!)-!
/)6$0#!/-069'0/#!
79! .&(%$)3!)2()-%3!*%!,-)2%3!*%!/#2'02+%2/0)!>!
303'%6)!*%!)-%&')!
7:! .-)2%3!*%!*%3)&&#--#!(&$)2#!'0%2%!%2!/(%2')!
&0%+#3!>!5(-2%&)$0-0*)*!
N%230$0-0*)*!)!
8;! O050%2*)3!%2!&0%3+#!*%$0*#!)!/#23'&(//012!
*%3)3'&%3!2)'(&)-%3!
02)*%/()*)!
82! J&%)!#/(,)!,#&!)3%2')60%2'#3!02=#&6)-%3Q!9&%)!
(&$)2)!'#')-!
85! .#$-)/012!@(%!505%!%2!)3%2')60%2'#!02=#&6)-%3!

83! O050%2*)3!%2!)3%2')60%2'#!02=#&6)-%3!

!
!

.#$&%A)!

C%30+()-*)*!*%!
02+&%3#!
M&)23,#&'%!
,7$-0/#!

+,-./(-01!

!
!
!

!
!
!
!
!
!
!
!

!
!
!

!
!

M&)23,#&'%!-06,0#!

:9! [-#')!('0-0A)2*#!/#6$(3'0$-%3!)-'%&2)'05#3!

N%+(&0*)*!50)-!
!

::! O0/'06)3!6#&')-%3!,#&!)//0*%2'%!*%!'&)=0/#!/)*)!
STTZTTT!8)$0')2'%3!

"#2+%3'012!
5%80/(-)&!
!

:4! O%-#/0*)*!6%*0)!%2!5D)3!,&02/0,)-%3!
!
! .#-D'0/)3!,&)/'0/)3!,)&)!-)!+%3'012!)*%/()*)!*%!-)!
*%6)2*)!)/'05)6%2'%!06,-%6%2')*)3!
:6! M&)5%-!'06%!D2*%?!,&05)*#!

4;! M&)5%-!'06%!D2*%?!,($-0/#!

!
!

%V!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!1+!3+4!5!2.6*+*!7(8-'9.:;'!*';!<=>!!?!@',(A-'!B/+;6+C.D9!,(A!=9*.C+*(A'8!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"!#$%#!&'()*+,-./'0!112!!

!
!
!

!"#$%&'()!
"#$%&'()*$!
+&,)-./01!
!

*!
23!

+,-./(-01!
"0$()202!2&!+&,3-./#'!41)+02#'!4&1!-54)(0!

!
!

!
!

;&%./0-)*$!2&!
$&%#-)#'!&!)$+&1')*$!

25!

<30'!4010!#8(&$&1!/)-&$-)0!2&!&:4/#(0-)*$!

?#@&$(#!2&!
$&%#-)#'!&!)$+&1')*$!
;&'4#$'08)/)202!
'#-)0/!C!&-#/*%)-0!
61#2.-(#!J1.(#!

27!

9:)'(&$-)0!2&!4/0(0A#1@0!/#%3'()-0!

24!
!
26!

D$2.'(1)0'!/#-0/&'!-&1()A)-020'!-#$!D=E!FGHHH! !

6DJ!4&1!-54)(0!

28!

K$2)-&!2&!2)+&1')A)-0-)*$!

<&'&@4/&#!
!

29!

M0'0!2&!2&'&@4/&#!

9@4/&#!D$A#1@0/!

22!

9@4/&#!)$A#1@0/!-#@#!N!2&/!&@4/&#!(#(0/!

D$(&1$&(!

2:!

"#$&:)#$&'!0!)$(&1$&(!4#1!80$20!0$-,0!-020! !
FHH!4&1'#$0'!
:;! "#$&:)*$!0!)$(&1$&(!@*+)/!4#1!80$20!0$-,0! !
-020!FHH!4&1'#$0'!
:3! M&/PA#$#'!-020!FHHQHHH!4&1'#$0'!RA)O#'S!
!
!
!
M&/PA#$#'!-020!FHHQHHH!4&1'#$0'!R@*+)/&'S! !

M&/&A#$30!

"0/)202!92.-0()+0!

:5!

U')'(&$-)0!&'-#/01!

:7!

92.-0-)*$!'.4&1)#1!
X)#/&$-)0!

"#$A)0$Z0!
-).2020$0!

!
!
!

!!"#$%&'()!
*!
601()-)40-)*$!
334!
-).2020$0!&$!/0!
4/0$&0-)*$!7!%&'()*$!
4.8/)-0!2&!%#8)&1$#!
601()-)40-)*$!
336!
-).2020$0!&$!/0!
0.2)(#1)0!7%&'()*$!
4.8/)-0!2&!%#8)&1$#!
61#-&'#'!
338!
@#2&1$#'!2&!
%&'()*$!4.8/)-0!2&! 339!
%#8)&1$#!
=)'(&@0'!
332!
@#2&1$#'!2&!
%&'()*$!4.8/)-0!2&! 33:!
%#8)&1$#!
M10$'401&$-)0!C!
355!
0.2)(#1)0!2&!/0!
%&'()*$!4.8/)-0!2&!
%#8)&1$#!
D$%1&'#'!&!
359!
)@4.&'(#'!
@.$)-)40/&'!
352!
!
!
35:!

+,-./(-01!
9:)'(&$-)0!2&!41&'.4.&'(#!401()-)40()+#!

!
!

=&')#$&'!2&!1&$2)-)*$!4.8/)-0!2&!-.&$(0'!4#1!
0>#!

9:)'(&$-)0!2&!41#-&'#!2&!.4B8.2%&()$%!4/.1)0$.0/!

9+0/.0-)*$!I@&(1)-B80'&2I!2&!/0!0-(.0-)*$!
41#A&')#$0/!2&/!4&1'#$0/!
9:)'(&$-)0!2&!')'(&@0'!&/&-(1*$)-#'!2&!1&$2)-)*$!
2&!-.&$(0'!
9:)'(&$-)0!2&!')'(&@0'!&/&-(1*$)-#'!02L.)')-)#$&'!

".&$(0'!2&!&@41&'0'!@.$)-)40/)202!0.2)(020'!
4#1!.$!(&1-&1#!

!
!

D$%1&'#'!41#4)#'!-#@#!4#1-&$(0O&'!2&!)$%1&'#!
(#(0/&'!
D@4.&'(#'!0!/0!41#4)&202!-#@#!4#1-&$(0O&'!2&!
)$%1&'#'!(#(0/&'!
D$%1&'#'!A)'-0/&'!4&1!-54)(0!
!
?.&$(&'!2&!)$%1&'#'!37;! D$%1&'#'!4#1!A.&$(&T!)@4.&'(#'!(#(0/&'!
!!
373! D$%1&'#'!4#1!A.&$(&T!(10$'A&1&$-)0'!$0-)#$0/!

!
!
!
!
!
!
!
!
!

!
!

375! D$%1&'#'!4#1!A.&$(&T!2#$0$(&'!&:(&1$#'!

6#8/0-)*$!&$!&202!&'-#/01!1&%)'(1020'!&$!
&'-.&/0'!R@&$#1&'!2&!FV!0>#'S!
:4! 6#8/0-)*$!2&!&202!&'-#/01!1&%)'(1020!&$!
! &'-.&/0!RFV!0!FW!0>#'S!
:8! X0-0$(&'!.$)+&1')(01)0'!-020!FHHQHHH!
4&1'#$0'!
:9! [#@)-)2)#'!-020!FHHQHHH!,08)(0$(&'!

377! D$%1&'#'!4#1!A.&$(&T!#(1#'!

:2!

;#8#!-#$!+)#/&$-)0!R104)>0S!-020!FHHQHHH!
,08)(0$(&'!
::! [.1(#!-020!FHHQHHH!,08)(0$(&'!

374! M10$'A&1&$-)0'!-#$!.'#!&'4&-)A)-#!0')%$02#!-#@#!
4#1-&$(0O&!(#(0/!2&!(10$'A&1&$-)0'!
376! D@4.&'(#'!1&-0.202#'!-#@#!4#1-&$(0O&'!2&!/#'!
)@4.&'(#'!A0-(.102#'!
378! 9:)'(&$-)0!2&!)$2)-02#1&'!-/0+&!2&/!2&'&@4&>#!C!
@&(0'!4010!'&%.)@)&$(#!2&!&O&-.-)*$!2&/!
41&'.4.&'(#!
379! 61&'.4.&'(#!81.(#!#4&10()+#!

372! 61&'.4.&'(#!81.(#!2&!-04)(0/!

3;;! [#@)-)2)#'!4&14&(.02#'!4#1!4#8/0-)*$!2&!
&$(1&!FG!C!VG!0>#'!
3;7! D$-)2&$(&'!!
3;4! ").2020$#'!L.&!'&!')&$(&$!'&%.1#'!

37:! M0'0!2&!-1&-)@)&$(#!0$.0/!2&/!%0'(#!#4&10()+#!

!
!

!
!

3;6! "#$A)0$Z0!2&!/0!-).2020$30!&$!'.!4#/)-30!

!
!
!

;0()#!&'(.2)0$(&'7!2#-&$(&'!

Y&'()*$!2&!
-#810$Z0!
"#$(1#/!2&!%0'(#!
!
!

34;!
D$+&1')*$!4\8/)-0! 345!
@.$)-)40/!
U%&$-)0'!C!
347!
&@41&'0'!4.8/)-0'!
=#'(&$)8)/)202!2&!/0! 34:!
2&.20!@.$)-)40/!
36;!

!
!

M0'0!2&!-1&-)@)&$(#!0$.0/!2&/!%0'(#!2&!-04)(0/!
9/!41&'.4.&'(#!&'(0!0/)$&02#!-#$!/0!4/0$)A)-0-)*$]!
/#'!#8O&()+#'!C!/#'!)$2)-02#1&'!
;&-.4&10-)*$!2&!-#'(#'!2&!&@41&'0'!4.8/)-0'!2&!
41#+)')*$!2&!'&1+)-)#'!
"#&A)-)&$(&!2&/!'&1+)-)#!2&!/0!2&.20!

!
!

<&.20!(#(0/!-#@#!4#1-&$(0O&!2&!)$%1&'#'!(#(0/&'!

601()-)40-)*$!
-).2020$0!&$!/0!
'&%.1)202!

3;8! [0C!41#-&'#'!2&!401()-)40-)*$!4010!&/!2)'&>#! !
C!@#$)(#1&#!2&!4#/3()-0'!/#-0/&'!2&!'&%.1)202!!
3;9! 6#/)-30!-#@.$)(01)0!0-()+0!
!

^)+&/!2&!'0/.2!

3;2! 9'4&10$Z0!2&!+)20!@0'-./)$0!

3;:! 9'4&10$Z0!2&!+)20!A&@&$)$0!
33;! M0'0!2&!@#1(0/)202!2&!$)>#'!@&$#1&'!2&!W!
0>#'!
333! _P2)-#'!-020!FQHHH!4&1'#$0'!

!
!

!
!

!
!

!
!

!
!

!
!

337! 9:)'(&$-)0!2&!41#-&'#!2&!4/0$)A)-0-)*$!
401()-)40()+0!

61#+)')*$!2&!
'&1+)-)#'!2&!'0/.2!
601()-)40-)*$!
-).2020$0!&$!/0!
4/0$&0-)*$!

"!#$%#!&'()*+,-./'0!112!

367! "1&-)@)&$(#!2&!/0!2&.20!

!!1+!3+4!5!2.6*+*!7(8-'9.:;'!*';!<=>!!?!@',(A-'!B/+;6+C.D9!,(A!=9*.C+*(A'8!!!!!

!!!!!#$!!!!

!
!=>BR[=K=2)2=kR!>B!!l@B)7!\!7B2[j@B7!3@=j@=[)@=)7!!
!
B;!8.8-'E+!*'!.9*.C+*(A'8!Y+!8.*(!n-.;!,+A+!A'+;.4+A!69+!'/+;6+C.D9!Ab,.*+!H!(:X'-./+!*'!;+8!C(9*.C.(9'8!
+C-6+;'8!*'!;+!G'8-.D9!*'!;+!C.6*+*!'9!;+8!-A'8!*.E'98.(9'8!2B7!:+8b9*(8'!n9.C+E'9-'!'9!.9F(AE+C.D9!H!
*+-(8!8'C69*+A.(8P!7.9!'E:+AG(0!+!F.9!*'!.9.C.+A!69+!.*'9-.F.C+C.D9!,A';.E.9+A!*'!+f6';;+8!bA'+8!H!
8'C-(A'8!,A.(A.-+A.(8!*';!,;+9!*'!+CC.D90!8'!*'C.*.D!'9A.f6'C'A!H!86,;'E'9-+A!*.CY+!8';'CC.D9!C(9!;+!
(,.9.D9!*'!'d,'A-(8!*';!<=>!'9!;(8!8'C-(A'8!f6'!,A'8'9-+A(9!'/+;6+C.(9'8!Eb8!9'G+-./+80!+8`!C(E(!;+!
(,.9.D9!*.A'C-+!*'!F69C.(9+A.(8!*'!;+!+*E.9.8-A+C.D9!*'!;+!C.6*+*!+!C+AG(!*'!'8-(8!-'E+8P!!
3+A+!-+;!'F'C-(!8'!+,A(/'CYD!';!-+;;'A!*'!C(986;-+!*'8+AA(;;+*(!*6A+9-'!;+!U.8.D9!*'!=*'9-.F.C+C.D9!*';!
<=>!L_cV!*'!F':A'A(!*'!#$%#M!,+A+!A'C(,.;+A!;+8!(,.9.(9'8!*'!F(AE+!8.8-'Eb-.C+!H!:+8+*+!'9!CA.-'A.(8!
'8-+:;'C.*(8!,(A!;+!E'-(*(;(G`+!*'!2B7P!1+!(,.9.D9!*'!'d,'A-(8!,'AE.-.D!,A(F69*.4+A!';!+9b;.8.8!*'!
.9*.C+*(A'80!!.*'9-.F.C+A!;(8!*./'A8(8!A'-(80!(,(A-69.*+*'8!H!8(;6C.(9'8!C(9!E+H(A!.E,+C-(!'9!;+!
8(8-'9.:.;.*+*!*'!;+!C.6*+*P!
!
!

!!!!!!!!!!,+A-B(+DB!

$+"C;-(!,-!"C!$"CJCLD;AC!

!
!

(D(J-B+*"+,C,!
CA*+-BJC"!K!
'CA*+D!'"+ACJ+'D!

C;-C(!$;+D;+JC;+C(!(-"-''+DBC,C(!

)G6+!
@'8.*6(8!
B9'AG`+!
2+E:.(!2;.Eb-.C(!

!
[A+98,(A-'!3n:;.C(!
W8(!*';!76';(!

&'8-.D9!36:;.C+!
2(9-A(;!*';!&+8-(!!!!!!!!!!!!!!!K.9+94+8!U69.C.,+;'8!
[A+98,+A'9C.+!

!
!
!
!

,-(C;;D""D!
@;*CBD!!
!

!
!

!
!

(D(J-B+*+"+,C,!
L+('C"!M!
NDQ-;BC*+"+,C,!

!
!
!

#%!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!1+!3+4!5!2.6*+*!7(8-'9.:;'!*';!<=>!!?!@',(A-'!B/+;6+C.D9!,(A!=9*.C+*(A'8!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"!#$%#!&'()*+,-./'0!112!!

7=&W=BR[B7!3)7j7!
!
2(9!;+!C(9C;68.D9!*';!>.+G9D8-.C(!,(A!=9*.C+*(A'80!8'!C.'AA+!';!*'8+AA(;;(!*';!UD*6;(!%!*'!;+!+8.8-'9C.+!
-iC9.C+0!';!C6+;!,A(/''!.9F(AE+C.D9!F69*+E'9-+;!,+A+!;+!';+:(A+C.D9!*';!)9b;.8.8!*'!!m6;9'A+:.;.*+*!+;!
2+E:.(!2;.Eb-.C(P!)*.C.(9+;E'9-'0!8'!A'f6'A.Ab!,+A+!;+!8.G6.'9-'!'-+,+!.9F(AE+C.D9!G'('8,+C.+;!8(:A'!
-A'8!';'E'9-(8!A';'/+9-'8!,+A+!;+!C.6*+*J!%M!;(C+;.4+C.D9!*'!.98-.-6C.(9'8!*'!8+;6*!H!'*6C+C.D9!,n:;.C+0!#M!
;(C+;.4+C.D9!H!'d-'98.D9!*'!bA'+8!,A(*6C-./+8!L+GA.C6;-6A+!H!C(E'AC.(M!H!#M!;(C+;.4+C.D9!*'!4(9+8!
8(C.('C(9DE.C+E'9-'!E+AG.9+;'8P!>':.*(!+!f6'!;+!C.6*+*!9(!C6'9-+!C(9!'8-+!.9F(AE+C.D9!'9!F(AE+-(!
'8,+C.+;0!&'()*+,-./'!';+:(A+Ab!69!;'/+9-+E.'9-(!Ab,.*(!H!69!7=&!+9-'8!*'!.9.C.+A!';!'8-6*.(!*'!
/6;9'A+:.;.*+*P!
1+!.9F(AE+C.D9!*'!*.+G9D8-.C(!,(A!.9*.C+*(A'8!A',A'8'9-+!69!.986E(!F69*+E'9-+;!H+!f6'!.*'9-.F.C+!;+8!
bA'+8!*'!+CC.D9!*'!E+H(A!6AG'9C.+P!)*'Eb80!'8-+:;'C'!;+!;`9'+!:+8'!*'!'/+;6+C.D9!'9!F6-6A(8!,A(C'8(8!
*'!.E,;'E'9-+C.D90!;+!C6+;!8'!,(*Ab!'E,;'+A!,+A+!C(E,+A+A!';!.E,+C-(!*'!F6-6A(8!'8F6'A4(8P!!
!
UD*6;(!#J!)9b;.8.8!H!3A(H'CC.D9!*'!u6';;+!WA:+9+!
B9!;+8!,ADd.E+8!8'E+9+80!&'()*+,-./'!'9-A'G+Ab!';!A',(A-'!*';!UD*6;(!#!C(AA'8,(9*.'9-'!+;!+9b;.8.8!*'!
;+!Y6';;+!6A:+9+!H!Cb;C6;(8!*';!C(8-(!+,A(d.E+*(!*'!;+!.9FA+'8-A6C-6A+!H!8'A/.C.(8!*'!;+!C.6*+*!+;!#$N$!
:+X(!C(9*.C.(9'8!-'9*'9C.+;'8P!B8-+!.9F(AE+C.D9!X6G+Ab!69!,+,';!,A.E(A*.+;!'9!;+!-(E+!*'!*'C.8.(9'8!
8(:A'!;+8!,(;`-.C+8!*'!*'8+AA(;;(!6A:+9(!'!.9FA+'8-A6C-6A+!,+A+!1+!3+4P!
B;!+9b;.8.8!Y.8-DA.C(!*';!68(!*';!86';(!H!F6-6A+!Y6';;+!6A:+9+!L#$T$M!.9C;6.Ab!;(8!8.G6.'9-'8!.986E(8!
%P )9b;.8.8!*'!*'-'CC.D9!*';!C+E:.(!*';!68(!H!C(:'A-6A+!*';!86';(!,(A!E'*.(8!*'!!.9F(AE+C.D9!
8+-';.-+;!,+A+!';!+a(!%VQI0!#$$$!H!#$%%P!!
!
#P 3A(H'CC.D9!H!8.E6;+C.D9!*';!CA'C.E.'9-(!*'!;+!Y6';;+!6A:+9+!+;!#$N$P!
!
NP 26+9-.F.C+C.D9!*'!;(8!C(8-(8!!+8(C.+*(8!C(9!';!CA'C.E.'9-(!*'!;+!Y6';;+!6A:+9+!'9!;+8!
.9FA+'8-A6C-6A+8!H!8'A/.C.(8!,A.E+A.(8P!
!
!
!
!

"!#$%#!&'()*+,-./'0!112!

!!1+!3+4!5!2.6*+*!7(8-'9.:;'!*';!<=>!!?!@',(A-'!B/+;6+C.D9!,(A!=9*.C+*(A'8!!!!!

!!!!!##!!!!

!
!

+6/13:9557>6!
#N!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!1+!3+4!5!2.6*+*!7(8-'9.:;'!*';!<=>!!?!@',(A-'!B/+;6+C.D9!,(A!=9*.C+*(A'8!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"!#$%#!&'()*+,-./'0!112!!

!
!

1.0 INTRODUCCIN
!
B8-'!*.+G9D8-.C(!!C(AA'8,(9*'!+!!;+!'-+,+!.9.C.+;!*'!69!,A(C'8(!f6'!8'!Y+!*'9(E.9+*(!"#$%&'()*$+,!-!
./%'!01!2++$('p!H!'8!';!,A.E'A(!*'!C6+-A(!ED*6;(8!*'!+8.8-'9C.+!-iC9.C+!f6'!&'()*+,-./'!112!
*'8+AA(;;+Ab!,+A+!;+!C.6*+*!*'!;+!3+4!'9!';!C(9-'d-(!*'!;+!3;+-+F(AE+!*'!2.6*+*'8!BE'AG'9-'8!H!
7(8-'9.:;'8!*';!<+9C(!=9-'A+E'A.C+9(!*'!>'8+AA(;;(P!1(8!-A'8!ED*6;(8!A'8-+9-'8!+:(A*+Ab9!;+8!8.G6.'9-'8!
-'Eb-.C+8J!%M!ou6';;+!WA:+9+p!LY.8-DA.C+!H!F6-6A+M!H!;(8!C(8-(8!*'!.9FA+'8-A6C-6A+!+8(C.+*(8!+;!CA'C.E.'9-(!
-'9*'9C.+;0!#M!m6;9'A+:.;.*+*!+;!2+E:.(!2;.Eb-.C(!H!,(A!n;-.E(!NM!;+!';+:(A+C.D9!*'!69!,;+9!*'!+CC.D9P!!!
B;!*.+G9D8-.C(!.9.C.+;!8'!';+:(AD!6-.;.4+9*(!;+!E'-(*(;(G`+!*'!.9*.C+*(A'8!*'8+AA(;;+*+!,(A!';!<=>0!;+!C6+;!
F6'!*.8'a+*+!C(9!';!(:X'-./(!*'!E'*.A!'9!69+!F(AE+!Ab,.*+!H!C6+9-.-+-./+!';!'8-+*(!*'!;+8!C.6*+*'8!'9!N!
bA'+8!'8-A6C-6A+;'8!,+A+!;+!.9.C.+-./+J!%M!8(8-'9.:.;.*+*!+E:.'9-+;!H!C+E:.(!C;.Eb-.C(g!#M!*'8+AA(;;(!
6A:+9(g!!H!NM!8(8-'9.:.;.*+*!F.8C+;!H!G(:'A9+:.;.*+*!L=)><0!#$%%MP!!&'()*+,-./'!6-.;.4D!;+8!!,+6-+8!
'8-+:;'C.*+8!!,(A!';!<=>!'9!86!*(C6E'9-(J!o[Y'!768-+.9+:;'!BE'AG.9G!2.-.'8!L7B2M!&6.*'J!!!u(O!=><!
-'+E8!C+9!Y';,!+**A'88!+!C.-Hv8!868-+.9+:.;.-H!CY+;;'9G'8p!,+A+!;+!';+:(A+C.D9!*'!'8-+!'/+;6+C.D9P!!
)*'Eb8!*'!;+!'/+;6+C.D9!,+A+!C+*+!69(!*'!;(8!%TN!.9*.C+*(A'80!';!'f6.,(!G'9'AD!69+!8`9-'8.8!*'!;(8!#T!
86:c-'E+8!,A.9C.,+;'8P!B8-+!8`9-'8.8!,'AE.-'!A'C(9(C'A!Ab,.*+E'9-'!+f6';;+8!bA'+8!,A.9C.,+;'8!H!86!
*'8'E,'a(!6-.;.4+9*(!';!8.8-'E+!*'!8'EbF(A(!*'!;(8!.9*.C+*(A'8P!!
1(8!.9*.C+*(A'8!Y+9!8.*(!'/+;6+*(8!:+8+*(8!'9!*+-(8!A'C(,.;+*(8!;(C+;E'9-'!'9!C((A*.9+C.D9!C(9!;+8!
+6-(A.*+*'8!*'!;+!C.6*+*P!!1+!A'C6AA'9C.+!*'!;(8!*+-(8!6-.;.4+*(8!Y+C'!,(8.:;'!f6'!;+!C.6*+*!'/+;n'!*'!69+!
F(AE+!8.8-iE.C+!;(8!,(8.:;'8!+/+9C'8!'9!;(8!*.F'A'9-'8!-'E+8!'8-6*.+*(8!H!*'!'8+!F(AE+!C(9(4C+!';!
*'8'E,'a(!'9!;+8!*.F'A'9-'8!bA'+8P!!)!,'8+A!*'!86!*.8,(9.:.;.*+*0!8'!Y+!A'f6'A.*(!,A(F69*+!
.9/'8-.G+C.D90!C((A*.9+C.D9!H!E+9.,6;+C.D9!*'!*+-(8!!,+A+!C+,-6A+A0!+GA'G+A!(!*'8+GA'G+A;(80!H+!f6'!;(8!
E.8E(8!9(!8'!A',(A-+9!*'!69+!F(AE+!8.8-iE.C+0!!9.!!C'9-A+;.4+*+!!'9!69+!8(;+!!.98-+9C.+!G6:'A9+E'9-+;P!
B8-(!8.G9.F.C+!f6'!9(!,6'*'!8'A!.9C(A,(A+*(8!+;!8.8-'E+!*'!.9*.C+*(A'8!8.9!'8F6'A4(8!868-+9C.+;'8P!!!
1+!'/+;6+C.D9!,(A!.9*.C+*(A'8!8'!Y+!C(E,;'E'9-+*(!C(9!69+!8'A.'!*'!'8-6*.(8!*'!*.+G9D8-.C(!C6+;.-+-./(!
'9!C+*+!69+!*'!;+8!bA'+8!CA`-.C+8!,+A+!;+!,;+-+F(AE+P!1+!.9F(AE+C.D9!,+A+!'8-(8!*.+G9D8-.C(8!C6+;.-+-./(8!
F6'!C+,-6A+*+!E'*.+9-'!';!*'8+AA(;;(!*'!E'8+8!*'!-A+:+X(!C(9!F69C.(9+A.(8!E69.C.,+;'8!H!'d,'A-(8!*';!
<=>!*6A+9-'!;+!E.8.D9c-+;;'A!C(9*6C.*+!*';!^!+;!V!*'!F':A'A(!*'!!#$%#P!!1(8!E.8E(8!(FA'C'9!69+!
,'A8,'C-./+!C(E,;'E'9-+A.+!+!;+!*'!;(8!.9*.C+*(A'8!H!C6'9-+9!C(9!;+!/.A-6*!*'!;+!,'A8,'C-./+!*'!'d,'A-(8!
;(C+;'8!H!'d,'A-(8!*';!:+9C(0!;(8!C6+;'8!/.8.-+A(9!;+!C.6*+*!'!.98-+;+C.(9'8!*'!;+!.9FA+'8-A6C-6A+!(!bA'+8!
*'!.9-'Ai8P!!B;!A',(A-'!-+E:.i9!C6'9-+!C(9!69+!8`9-'8.8!*'!;(8!-'E+8!,A.(A.-+A.(8!*'8+AA(;;+*(8!
C(9X69-+E'9-'!,(A!E.'E:A(8!*';!'f6.,(!*'!&'()*+,-./'0!'d,'A-(8!*';!:+9C(!H!E.'E:A(8!*';!G(:.'A9(!
*'!;+!C.6*+*!'9!;(8!-'E+8!'8-A6C-6A+;'8!Eb8!A'C6AA'9-'8P!!
"!#$%#!&'()*+,-./'0!112!

!!1+!3+4!5!2.6*+*!7(8-'9.:;'!*';!<=>!!?!@',(A-'!B/+;6+C.D9!,(A!=9*.C+*(A'8!!!!!

!!!!!#T!!!!

1.1 REA DE ESTUDIO


!

1+!C.6*+*!*'!1+!3+4!'8!;+!C+,.-+;!*';!'8-+*(!*'!<+X+!2+;.F(A9.+!76AP!7'!;(C+;.4+!'9!;+!A'G.D9!86A!*'!;+!
,'9`986;+!*'!<+X+!2+;.F(A9.+!'9!;+!C(8-+!'8-'!*';!&(;F(!*'!2+;.F(A9.+!H!C6'9-+!C(9!69+!+;-.-6*!Ebd.E+!*'!
#^!E89EP!!>'!+C6'A*(!C(9!!';!2'98(!R+C.(9+;!#$%$!*'!3(:;+C.D9!H!m./.'9*+!*'!Uid.C(!C6'9-+!C(9!!#I%!
Q^%!Y+:.-+9-'8!H!8'!'9C6'9-A+!'d,'A.E'9-+9*(!69!CA'C.E.'9-(!,(:;+C.(9+;!+C';'A+*(!L=RB&=0!#$%$MP!!B9!
;+!A'G.D9!,A'*(E.9+9!;(8!'C(8.8-'E+8!*'8iA-.C(!H!bA.*(P!1+!;;6/.+!'8!,(C(!FA'C6'9-'!H!+;C+94+!69!
,A(E'*.(!*'!8D;(!%Q$!EE!+;!+a(P!1+!E+H(A!,+A-'!*'!;+8!,A'C.,.-+C.(9'8!,A(/.'9'!*'!;(8!Y6A+C+9'8!C6H+!
/.(;'9C.+!Y+!,A(/(C+*(0!+;!E'9(8!C+*+!*(8!+a(80!*'8+8-A'8!Y.8-DA.C(8!'9!'8-+!A'G.D9!L7-'.9.-40!!'-!+;P!
#$$IMP!
!
!

J7S9#6#!

!
!

"310/3!

!
!
!
!

"#!$#%!

!!!'#83!(#6!"95#.!

!
1+!3+4!'8!!69+!C.6*+*!f6'!8'!C+A+C-'A.4+!,(A!86!-A+9f6.;.*+*!H!86!Cb;.*(!+E:.'9-'P!u+!F.X+*(!86!*'8+AA(;;(!
'9!';!-6A.8E(!9+C.(9+;!'!.9-'A9+C.(9+;P!7.9!'E:+AG(0!*6A+9-'!;+!n;-.E+!*(8!*iC+*+80!;+!C(98(;.*+C.D9!*';!
-6A.8E(!C(E(!;+!,A.9C.,+;!F6'9-'!*'!A'C6A8(8!Y+!+C+AA'+*(!69+!8'A.'!*'!,A(:;'E+8!86:H+C'9-'8J!
.E,+C-(8!+E:.'9-+;'8!8(:A'!;(8!A'C6A8(8!9+-6A+;'8!,(A!C+68+!*'!;+!C(98-A6CC.D9!*'!C(E,;'X(8!-6A`8-.C(8!
E(*'A9(8!H!*'!69!CA'C.E.'9-(!6A:+9(!*'8C(9-A(;+*(!'9!4(9+8!9(!+,-+8P!1+!C.6*+*!*'!1+!3+40!,(A!86!
C+A+C-'A`8-.C+!*'8iA-.C+!H!*'!,(C+!,A'C.,.-+C.D90!Y+!86FA.*(!Y.8-DA.C+E'9-'!,A(:;'E+8!*'!+:+8-'C.E.'9-(!
*'!+G6+!,+A+!;+!,(:;+C.D9P!1+!8(:A''d,;(-+C.D9!*'!;(8!E+9-(8!+C6`F'A(8!Y+!,6'8-(!'9!'9-A'*.CY(!;+!
/(C+C.D9!-6A`8-.C+!*'!;+!C.6*+*!H!;+!8(8-'9.:.;.*+*!*'!86!E(*';(!+C-6+;!*'!*'8+AA(;;(0!;(!f6'!'8-b!F(A4+9*(!
+!;+8!+6-(A.*+*'8!+!!A',;+9-'+A8'!86!F6-6A(!C(9!:+8'!'9!;+!*.8,(9.:.;.*+*!*'!A'C6A8(8!Y`*A.C(8P!)8.E.8E(0!
;+!8(:A''d,;(-+C.D9!*'!+G6+8!86:-'AAb9'+8!Y+!,A(/(C+*(!,A(:;'E+8!*'!.9-A68.D9!8+;.9+0!'E,'(A+9*(!
+n9!Eb8!86!FAbG.;!A';+C.D9!C(9!';!+G6+P!>':.*(!+!86!C(9*.C.D9!C(8-'A+!H!;+!:+X+!+;-.-6*!*';!'E,;+4+E.'9-(!
*'!;+!C.6*+*!'d.8-'!69+!,A'(C6,+C.D9!C(9!A'8,'C-(!+!;(8!'F'C-(8!*';!C+E:.(!C;.Eb-.C(!H!;(8!,(8.:;'8!
-A+8-(A9(8!Y.*A(E'-'(A(;DG.C(8!f6'!,(*Ab9!+F'C-+A!;+!A'G.D90!,A.9C.,+;E'9-'!'9!;(!A'F'A'9-'!+!
.969*+C.(9'8!C+68+*+8!,(A!+6E'9-(8!'9!;+!FA'C6'9C.+!'!.9-'98.*+*!*'!Y6A+C+9'8!H!-(AE'9-+80!!
.9CA'E'9-(!,A'/.8-(!*';!9./';!*';!E+A!H!C+E:.(8!'9!;+!*.8,(9.:.;.*+*!*'!+G6+P!!7'!,A'/i!f6'!'8-(8!
#I!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!1+!3+4!5!2.6*+*!7(8-'9.:;'!*';!<=>!!?!@',(A-'!B/+;6+C.D9!,(A!=9*.C+*(A'8!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"!#$%#!&'()*+,-./'0!112!!

!
'F'C-(8!+F'C-+Ab9!9(!8(;(!+!;(8!GA6,(8!8(C.('C(9DE.C+E'9-'!Eb8!/6;9'A+:;'80!8.9(!-+E:.i9!+!;+!
.9*68-A.+!H!;+!+GA.C6;-6A+!+8`!C(E(!+!;+!!!.9FA+'8-A6C-6A+!!E69.C.,+;!'d.8-'9-'!f6'!8(8-.'9'!'8-+!C.6*+*P!!
1+8!,'A8,'C-./+8!*'!CA'C.E.'9-(!'C(9DE.C(!F6-6A(!,+A+!1+!3+4!,+A'C'9!+C-6+;E'9-'!8'A!:6'9+8P!7.9!
'E:+AG(0!';!CA'C.E.'9-(!,A(:+:;'E'9-'!,A(/'9G+!*'!E6H!,(C(8!8'C-(A'8!H!C+68'!'F'C-(8!+*/'A8(8!+!;+!
8(8-'9.:.;.*+*!*'!;+!A'G.D9P!!1+!.9*68-A.+!H!;+!+GA.C6;-6A+!C(9-.96+Ab9!C(9-A.:6H'9*(!+!;+!'C(9(E`+0!,'A(!
9(!,+A'C'9!E(8-A+A!-'9*'9C.+!+!CA'C'A!8.G9.F.C+-./+E'9-'!'9!;(8!,ADd.E(8!+a(8P!B8-(8!8'C-(A'8!9(!
,(*Ab9!8(;6C.(9+A!FbC.;E'9-'!;+8!*'8/'9-+X+8!C(E,'-.-./+8!f6'!8'!*'A./+9!*'!;+!:+X+!*'98.*+*!*'!
,(:;+C.D9!H!*';!+.8;+E.'9-(!G'(GAbF.C(!*'!<+X+!2+;.F(A9.+!76AP!!B;!C(E'AC.(!H!;(8!8'A/.C.(8!E+9-'9*Ab9!86!
,(8.C.D9!C(E(!;(8!,A.9C.,+;'8!,A(E(-(A'8!*'!;+!'C(9(E`+0!,'A(!';!A'9*.E.'9-(!*'!'8-(8!8'C-(A'8!A'F;'X+!
';!9./';!*'!+C-./.*+*!'9!;+!'C(9(E`+!G;(:+;!H!9(!,A(/''Ab!69+!F6'9-'!.E,(A-+9-'!*'!CA'C.E.'9-(!
.9*','9*.'9-'!*';!-6A.8E(P!<+X(!;+!-'9*'9C.+!*'!CA'C.E.'9-(!+C-6+;0!1+!3+4!CA'C'Ab!!Ab,.*+E'9-'!'9!;+8!
,ADd.E+8!*iC+*+8!!+!,+A-.A!*'!F6'9-'8!'d-'A9+8P!B9!,+A-.C6;+A0!';!-6A.8E(!H!;+8!'E,A'8+8!.9E(:.;.+A.+8!
+86E.Ab9!69!,+,';!*'!C+-+;.4+*(A'8!*';!F6-6A(!CA'C.E.'9-(P!1+!/'9-+!*'!-.'AA+!8'!Y+!.9CA'E'9-+*(!'9!
-(*+!;+!3'9`986;+!*':.*(!+!;+!'d.8-'9C.+!*'!C;.'9-'8!'d-A+9X'A(80!f6'!*(E.9+9!;+!GA+9!E+H(A`+!*'!;+8!
A'C.'9-'8!C(E,A+8!H!*'8+AA(;;(8!L7-'.9.-40!!'-!+;P!#$$IM!
B9!;+!E'*.*+!'9!f6'!;+!,(:;+C.D9!H!;+!'C(9(E`+!*'!1+!3+4!CA'4C+9!'9!;+8!8.G6.'9-'8!*iC+*+80!;(8!
-(E+*(A'8!*'!*'C.8.(9'8!8'!'9FA'9-+Ab9!+!96E'A(8(8!H!GA+9*'8!A'-(80!C(E(!'9!;(!A'F'A'9-'!+!;+!
,A(/.8.D9!*'!+G6+!,(-+:;'0!;+!+*+,-+C.D9!H!;+!E.-.G+C.D9!+!;(8!'F'C-(8!*';!C+E:.(!C;.Eb-.C(0!;+!X68-.C.+!
8(C.+;0!;+!8(8-'9.:.;.*+*!F.8C+;!H!;+!,A(-'CC.D9!*'!;(8!FAbG.;'8!'C(8.8-'E+8!E+A.9(8!H!-'AA'8-A'8!*'!;+!A'G.D9P!
);!E.8E(!-.'E,(0!;+!C.6*+*!*':'!A'*6C.A!;+!,(:A'4+!H!;+!.9E.GA+C.D90!E+9-'9.'9*(!+*'Eb8!;+!8+;6*!
'C(9DE.C+!*';!9nC;'(!Y.8-DA.C(!*'!;+!C.6*+*0!,A(E(/.'9*(!';!-6A.8E(!H!+*E.9.8-A+9*(!+*'C6+*+E'9-'!
';!*'8+AA(;;(!'9!:'9'F.C.(!*'!;(8!+C-6+;'8!H!F6-6A(8!A'8.*'9-'8P!B8-+8!C(9*.C.(9'8!Y+C'9!f6'!1+!3+4!8'+!
69+!C.6*+*cC+8(!.*'+;!!,+A+!;+!3;+-+F(AE+!*'!2.6*+*'8!BE'AG'9-'8!H!7(8-'9.:;'8!L2B7M!*';!<+9C(!
=9-'A+E'A.C+9(!*'!>'8+AA(;;(!L<=>MP!!
!
!

"!#$%#!&'()*+,-./'0!112!

!!1+!3+4!5!2.6*+*!7(8-'9.:;'!*';!<=>!!?!@',(A-'!B/+;6+C.D9!,(A!=9*.C+*(A'8!!!!!

!!!!!#_!!!!

!
!
!

#^!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!1+!3+4!5!2.6*+*!7(8-'9.:;'!*';!<=>!!?!@',(A-'!B/+;6+C.D9!,(A!=9*.C+*(A'8!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"!#$%#!&'()*+,-./'0!112!!

!
!
!
!
!
!
!
!
!
!
K(-(GA+F.+8!*'!;+!C.6*+*!*'!;+!1+!3+4!

"!#$%#!&'()*+,-./'0!112!

!!1+!3+4!5!2.6*+*!7(8-'9.:;'!*';!<=>!!?!@',(A-'!B/+;6+C.D9!,(A!=9*.C+*(A'8!!!!!

!!!!!#Q!!!!

1.2 PLATAFORMA DE CIUDADES SOSTENIBLES BID


!
1+!3;+-+F(AE+!*'!2.6*+*'8!BE'AG'9-'8!H!7(8-'9.:;'8!*';!<=>!-.'9'!C(E(!(:X'-./(!-A+:+X+A!-A'8!bA'+8!
CA`-.C+8!*';!*'8+AA(;;(!*'!C.6*+*'8J!%M!8(8-'9.:.;.*+*!+E:.'9-+;!H!C+E:.(!C;.Eb-.C(g!#M!*'8+AA(;;(!6A:+9(g!!
H!NM!8(8-'9.:.;.*+*!F.8C+;!H!G(:'A9+:.;.*+*!L=)><0!#$%%MP!!1+!,;+-+F(AE+!8'!'9F(C+!,A.E(A*.+;E'9-'!'9!
C.6*+*'8!*'!-+E+a(!E'*.(0!;+8!C6+;'8!'8-b9!E'X(A!,(8.C.(9+*+8!,+A+!,;+9'+A!'F.C.'9-'E'9-'!69!
CA'C.E.'9-(!(A*'9+*(!H!+*+,-+A8'!+!;(8!*'8+F`(8!6A:+9(8!/'9.*'A(8P!)!-A+/i8!*'!'8-+!,;+-+F(AE+0!';!<=>!
+,(H+Ab!+!;+8!C.6*+*'8!8';'CC.(9+*+8!'9!;+!'/+;6+C.D9!*'!868!8.-6+C.(9'8!.9*./.*6+;'8!'9!C+*+!69+!*'!
'8-+8!bA'+8!'9!C(E,+A+C.D9!C(9!(-A+8!C.6*+*'8!*'!8.E.;+A!-+E+a(0!H!+!.*'9-.F.C+A!,A(:;'E+8!CA`-.C(8!H!
C6A8(8!*'!+CC.D9!,+A+!,A',+A+A!+!C+*+!A'G.D9!,+A+!69!F6-6A(!8(8-'9.:;'P!!
!
1+!3;+-+F(AE+!2B7!A',A'8'9-+!69!96'/(!'9F(f6'!5!69(!f6'!.*'9-.F.C+!;(8!*'8+F`(8!*'!8(8-'9.:.;.*+*!Eb8!
+,A'E.+9-'8!*'!69+!C.6*+*!/`+!69+!'/+;6+C.D9!Ab,.*+!:+8+*+!'9!69!GA6,(!*'!.9*.C+*(A'8!
'8-+9*+A.4+*(80!f6'!,A(*6C'!8(;6C.(9'8!,A+GEb-.C+8!H!-bC-.C+8!,+A+!+H6*+A!+!'9FA'9-+A!;(8!*'8+F`(8!*'!;+!
8(8-'9.:.;.*+*!Eb8!+,A'E.+9-'8!*'!;+!C.6*+*P!1+!3;+-+F(AE+!2B7!68+!69!'9F(f6'!.9-'GA+*(!'!
.9-'A*.8C.,;.9+A.(!9'C'8+A.(!,+A+!;+!8(8-'9.:.;.*+*!+!;+AG(!,;+4(g!,(A!;(!f6'!.9C(A,(A+!,A'(C6,+C.(9'8!'!
.9-'A'8'8!*'!69+!/+A.'*+*!*'!)*%314,/015)!!L,P'XP0!<=>0!C.6*+*!H!G(:.'A9(!*'!,+`80!8'C-(A'8!,A./+*(8!H!
(AG+9.4+C.(9'8!8.9!F.9'8!*'!;6CA(!H!8(C.'*+*!C./.;MP!!!
!
2(9F(AE'!Eb8!C.6*+*'8!*'!)EiA.C+!1+-.9+!H!';!2+A.:'!8'!.9C(A,(A'9!+;!!2B70!86A.GAb!!69+!A'*!*'!C.6*+*'8!
8(8-'9.:;'80!;+8!C6+;'8!C(E,+A-.Ab9!'d,'A.'9C.+80!,69-(8!*'!A'F'A'9C.+0!E'X(A'8!,AbC-.C+8!H!;'CC.(9'8!
+,A'9*.*+8P!2+,-6A+A!H!C(E,+A-.A!'8-(8!*+-(8!9(!8D;(!+6E'9-+!';!C(9(C.E.'9-(!*'!C.6*+*'80!,'AE.-'!
-+E:.i9!;+!'/+;6+C.D9!Ab,.*+!H!'F.C+4!H!69!8'G6.E.'9-(!*'!,A(GA'8(P!!
!
1+!3;+-+F(AE+!A'f6.'A'!69+!8'A.'!*'!'8-6*.(8!-iC9.C(8!*'!*.+G9D8-.C(0!;(8!C6+;'8!,A(/''9!69+!:+8'!
(:X'-./+!*'!C(9(C.E.'9-(!f6'!+,(H+Ab!'!.9F(AE+Ab!!;+!-(E+!*'!*'C.8.(9'8!C(9!A'8,'C-(!+!;(8!C6A8(8!*'!
+CC.D9!9'C'8+A.(8P!!>.CY(8!'8-6*.(8!-iC9.C(8!.9C;6H'9!.9F(AE+C.D9!'8,'C.+;.4+*+!'9!*./'A8(8!C+E,(8!*'!
;+!,;+9.F.C+C.D9!*'!C.6*+*'8!'9!;+8!-A'8!*.E'98.(9'8!*'!;+!3;+-+F(AE+!2B7!.9C;6H'9*(!'8-6*.(8!*'!
C6+9-.F.C+C.D9!*'!;+!!8(8-'9.:.;.*+*!6A:+9+0!.9FA+'8-A6C-6A+0!+9b;.8.8!Y.8-DA.C(8!*'!CA'C.E.'9-(0!A'+;.*+*!
F.8C+;!H!C+E:.(!C;.Eb-.C(P!!B;!C+E:.(!C;.Eb-.C(!'8!69!+8,'C-(!F69*+E'9-+;!*'!;+!,;+-+F(AE+!H!,(A!'9*'!8'!
A'f6.'A'!*'!69+!8'A.'!*'!'8-6*.(8!*'!/6;9'A+:.;.*+*!Y.*A(E'-'(A(;DG.C+!!+8`!C(E(!*'!;(8!G+8'8!*'!'F'C-(!
.9/'A9+*'A(!+!F.9!*'!'9-'9*'A!;+8!/6;9'A+:.;.*+*'8!*'!*./'A8(8!8.8-'E+8!6A:+9(80!'C(9DE.C(80!8(C.+;'80!
+E:.'9-+;'8!H!F.8C+;'8!*'!;+!C.6*+*P!1(8!E.8E(8!,A(/''9!;+!:+8'!C.'9-`F.C+!,+A+!;+!*'F.9.C.D9!*'!C6A8(8!*'!
+CC.D9!'9!;(8!+8,'C-(8!*'!+*+,-+C.D9!H!E.-.G+C.D9!*'!;(8!'F'C-(8!*';!C+E:.(!C;.Eb-.C(P!!
!

#V!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!1+!3+4!5!2.6*+*!7(8-'9.:;'!*';!<=>!!?!@',(A-'!B/+;6+C.D9!,(A!=9*.C+*(A'8!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"!#$%#!&'()*+,-./'0!112!!

!
>.E'98.(9'8!*'!;+!3;+-+F(AE+!2B7!

1.3 ALCANCE DEL DIAGNSTICO Y MDULOS ASISTENCIA TCNICA


!

B;!,A(C'8(!*'!*.+G9D8-.C(!H!';+:(A+C.D9!*';!3;+9!*'!)CC.D9!'8-b!(AG+9.4+*(!'9!T!ED*6;(8P!!2+*+!ED*6;(!
'8-b!*.8'a+*(!,+A+!8(;/'9-+A!69!GA6,(!'8,'C`F.C(!*'!9'C'8.*+*'8!H!'/+;6+C.(9'8!A'f6'A.*+8!,(A!;+!
3;+-+F(AE+!2B7c<=>!H!*'8CA.-+8!,(A!;(8!-iAE.9(8!*'!A'F'A'9C.+!*';!,A(GA+E+!,+A+!;+8!(-A+8!C.6*+*'8!*';!
E.8E(P!&'()*+,-./'!'8-b!-A+:+X+9*(!'9!F(AE+!.9-'GA+*+!H!+C-./+E'9-'!C(9!;+8!+6-(A.*+*'80!'d,'A-(8!
;(C+;'8!H!A',A'8'9-+9-'8!*';!<=>P!!!

Mdulos de Asistencia Tcnica

A>:9<3!T!

>.+G9D8-.C(!,(A!=9*.C+*(A'8!

%_!*'!E+A4(!*'!#$%#!

A>:9<3!U!

)9b;.8.8!u.8-DA.C(!*';!W8(!*';!76';(!H!
K6-6A+!u6';;+!WA:+9+!L#$N$M!

N$!*'!E+A4(!*'!#$%#!

A>:9<3!V!

)9b;.8.8!*'!m6;9'A+:.;.*+*!+;!2+E:.(!

#Q!*'!E+H(!*'!#$%#!

2;.Eb-.C(!!
A>:9<3!W!

B/+;6+C.D9!H!3A.(A.4+C.D9!*'!)CC.(9'8!

V!*'!X6;.(!*'!#$%#!

!
1(8!ED*6;(8!8'!/'Ab9!+,(H+*(8!,(A!';!*'8+AA(;;(!*'!-A'8!-+;;'A'8!*'!C(986;-+!-iC9.C+!C(9!;+8!+6-(A.*+*'8!
E69.C.,+;'8!+8`!C(E(!C(9!;(8!+C-(A'8!'!.98-.-6C.(9'8!.9/(;6CA+*(8P!!B;!,A.E'A!-+;;'A!8'!A'+;.4D!'9-A'!';!_!H!
';!V!*'!F':A'A(!*'!#$%#0!';!8'G69*(!-+;;'A!'8-b!,A'/.8-(!,+A+!';!E'8!*'!+:A.;!*'!#$%#0!+!F.9+;'8!*'!;+!F+8'!
*'!>.+G9D8-.C(0!H!';!n;-.E(!8'!A'+;.4+Ab!'9!';!E'8!*'!X6;.(0!';!C6+;!8'!'9F(C+Ab!'9!';!*'8+AA(;;(!*';!,;+9!*'!
+CC.D9P!!
"!#$%#!&'()*+,-./'0!112!

!!1+!3+4!5!2.6*+*!7(8-'9.:;'!*';!<=>!!?!@',(A-'!B/+;6+C.D9!,(A!=9*.C+*(A'8!!!!!

!!!!!N$!!!!

1.4 DESCRIPCIN DE LOS MDULOS


!
AX,@"D!T&!-=#<9#57>6!231!76:75#:310.!
B9!'8-'!ED*6;(!8'!*'8+AA(;;+!;+!'/+;6+C.D9!,(A!.9*.C+*(A'8!*';!<=>!!,+A+!1+!3+4!6-.;.4+9*(!';!Ei-(*(!-.,(!
8'EbF(A(!*'8+AA(;;+*(!,(A!;+!3;+-+F(AE+!*'!2B7P!1(8!Ei-(*(8!H!A'86;-+*(8!*'!'8-'!ED*6;(!8'!
'9C6'9-A+9!,;+8E+*(8!'9!'8-'!A',(A-'P!
!
AX,@"D!U&!C6P<7.7.!47./>1753!:0<!9.3!:0<!.90<3!O!Y9/91#!490<<#!918#6#!ZU[V[\!
B;!ED*6;(!#!.9/'8-.G+!;(8!C+E:.(8!*'!;+!Y6';;+!6A:+9+!*'8*'!%VQI!Y+8-+!#$N$!E'*.+9-'!8.E6;+C.D9!
F6-6A+!*'!CA'C.E.'9-(!6A:+9(!H!;+!*'-'CC.D9!*';!C+E:.(!*';!68(!H!C(:'A-6A+!*';!86';(!*'A./+*(!*'!
8'98(A'8!A'E(-(8P!3(A!E'*.(!*'!'8-(8!.986E(80!';!'f6.,(!C(986;-(A!C6+9-.F.C+!;(8!C(8-(8!!+8(C.+*(8!C(9!
';!CA'C.E.'9-(!*'!;+!Y6';;+!6A:+9+!'9!.9FA+'8-A6C-6A+!H!8'A/.C.(8!!,A.E+A.(8P!!
!
AX,@"D!V&!C6P<7.7.!:0!=9<601#87<7:#:!#<!5#?873!5<7?P/753!
B;!+9b;.8.8!*'!/6;9'A+:.;.*+*!+;!C+E:.(!C;.Eb-.C(!*'!*./.*'!'9!*(8!8'CC.(9'8J!%M!1+!.*'9-.F.C+C.D9!*'!
@.'8G(8!R+-6A+;'8!+8(C.+*(8!+;!C+E:.(!C;.Eb-.C(!L'8,'C`F.C+E'9-'!,A(H'CC.(9'8!*';!CA'C.E.'9-(!*';!9./';!
*';!E+A!H!;+!.969*+C.(9'8!*'!;(8!A`(8M!H!#M!)9b;.8.8!*'!/6;9'A+:.;.*+*!8(C.+;!'!.98-.-6C.(9+;!*'!;(8!A.'8G(8!+;!
C+E:.(!C;.Eb-.C(P!!7'!C+;C6;+!';!C(8-(!'C(9DE.C(!;+8!.9FA+'8-A6C-6A+8!*'!8'A/.C.(8!E69.C.,+;'80!
.98-+;+C.(9'8!*'!8+;6*!H!'*6C+C.D90!+8`!C(E(!bA'+8!,A(*6C-./+8!L+GA.C6;-6A+!H!C(E'AC.(M!f6'!8'!/'+9!
.E,+C-+*+8!,(A!;(8!'F'C-(8!*';!C+E:.(!C;.Eb-.C(P!W9+!/'4!*'8+AA(;;+*(!';!7=&0!8'!,A(C'*'Ab!+;!+9b;.8.8!*'!
/6;9'A+:.;.*+*!!6-.;.4+9*(!;(8!.986E(8!*';!'8-6*.(!*'!)-;+8!*'!@.'8G(!LKB>B7j10!#$$VM0!u+A/+A*!L#$$NM0!';!
'8-6*.(!*'!'E.8.(9'8!*'!G+8'8!*'!'F'C-(!.9/'A9+*'A(!'9!<+X+!2+;.F(A9.+!H!,A(H'CC.(9'8!*'!C+8(8!*'!
A'F'A'9C.+!%VV$c#$#I!LW<270!#$%#M!
!
AD,@"D!W&!-=#<9#57>6!O!$17317%#57>6!:0!C557360.!!!
B;!n;-.E(!ED*6;(!*'!;+!+8.8-'9C.+!-iC9.C+!8'!C(9C'9-A+!'9!';!*'8+AA(;;(!*'!F.;-A(80!'/+;6+C.D9!H!
,A.(A.4+C.D9!*'!+CC.(9'8P!7'!.9-'GA+Ab9!;(8!,A(*6C-(8!*'!ED*6;(8!+9-'A.(A'8!'9!69!8.8-'E+!*'!Ei-A.C+8!
n9.C+8!+!F.9!*'!*'8+AA(;;+A!69+!'/+;6+C.D9!H0!C(9!:+8'!'9!';;+0!8'!,A.(A.4+Ab9!;(8!C6A8(8!*'!+CC.D90!
C(E,;'E'9-+*(8!,(A!69+!'9C6'8-+!+!'d,'A-(8!;(C+;'8P!2(E,A'9*'Ab!-+9-(!+8,'C-(8!-iC9.C(8!C(E(!
C(986;-./(8!f6'!.*'9-.F.C+Ab9!H!,A.(A.4+Ab9!;(8!C6A8(8!*'!!+CC.D90!+8`!C(E(!;+8!Ei-A.C+8!Eb8!A';'/+9-'8!!
,+A+!,A',+A+A!;+!A'G.D9!,+A+!69!F6-6A(!8(8-'9.:;'P!1(8!F.;-A(8!A',A'8'9-+9!.98-A6E'9-(8!*'!,A.(A.4+C.D9!
,+A+!+f6';;+8!bA'+8!H!-'E+8!*'!E+H(A!A';'/+9C.+!,+A+!';!*'8+AA(;;(!8(8-'9.:;'!*'!;+!C6.*+*P![A'8!-.,(8!*'!
F.;-A(8!8(9!6-.;.4+*(8!'9!'8-'!,A(C'8(J!(,.9.D9!,n:;.C+0!/6;9'A+:.;.*+*!+;!C+E:.(!C;.Eb-.C(!H!C(8-(!
'C(9DE.C(!
N%!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!1+!3+4!5!2.6*+*!7(8-'9.:;'!*';!<=>!!?!@',(A-'!B/+;6+C.D9!,(A!=9*.C+*(A'8!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"!#$%#!&'()*+,-./'0!112!!

!
B;!,A.E'A!F.;-A(!8'!C(9C'9-A+!'9!(,.9.D9!,n:;.C+0!;+!C6+;!8'!*'8+AA(;;+Ab!E'*.+9-'!;+!+,;.C+C.D9!*'!69+!
'9C6'8-+!*'!+,A(d.E+*+E'9-'!#I!.9*./.*6(8!A',A'8'9-+-./(8!*'!*.8-.9-(8!8'C-(A'8!*'!;+!8(C.'*+*!'9!;+!
f6'!8'!;'!,A'G69-+Ab!+!C+*+!,+A-.C.,+9-'!8(:A'!;+!.E,(A-+9C.+!f6'!-.'9'!C+*+!bA'+!'9!';!*'8+AA(;;(!
8(8-'9.:;'!*'!;+!C.6*+*P!)8`0!8'!*'-'AE.9+Ab9!;+8!bA'+8!*'!+CC.D9!'9!'8-'!F.;-A(P!B9!';!8'G69*(!F.;-A(!8'!
C(98.*'A+!;+!(,.9.D9!*'!'d,'A-(8!H!+6-(A.*+*'8!E69.C.,+;'8!X69-(!+!;(8!A'86;-+*(8!*';!'8-6*.(!*'!
/6;9'A+:.;.*+*!+;!C+E:.(!C;.Eb-.C(!LED*6;(!NMP!!B;!-'AC'A!F.;-A(!8'!A'+;.4+!:+8+*(!'9!';!,(-'9C.+;!C(8-(!
'C(9DE.C(!f6'!,(*A`+!-'9'A!;+!C.6*+*!8.!9(!+*(,-+!+CC.(9'8!'9!C+*+!69+!*'!;+8!bA'+8!.*'9-.F.C+*+8P!
2(E(!,+A-'!*'!'8-'!F.;-A(!8'!A'+;.4+Ab!69!'8-6*.(!C(E,+A+-./(!f6'!+9+;.4+!';!GA+*(!*'!+8(C.+C.D9!'9-A'!
;+8!bA'+8!*'!+CC.D9!H!;(8!*.8-.9-(8!8'C-(A'8!*'!;+!'C(9(E`+!;(C+;!H!8'!*'C.*'!'9!+CC.(9'8!,A.(A.-+A.+8!
C(98.*'A+9*(!';!C(8-(!f6'!A',A'8'9-+A`+!+!;+!'C(9(E`+!*'!;+!C.6*+*!9(!-(E+A!+CC.(9'8!'9!C+*+!69+!*'!
;+8!bA'+8!'9!E+-'A.+!*'!G'9'A+C.D9!*'!,A(*6C-(0!'E,;'(!H!C(E,'-.-./.*+*P!!
K.9+;E'9-'!8'!,A.(A.4+Ab9!;+8!bA'+8!*'!+CC.D9!'9!69!,A(C'8(!'9!*(9*'!8'!C(98.*'A+9!;(8!-A'8!F.;-A(8!LC+*+!
69(!C(9!,69-+X'8!*'!%!+!IMP!1+8!+CC.(9'8!C(9!E+H(A!,69-+X'!8'!.*'9-.F.C+9!C(E(!+f6';;+8!+!.E,;'E'9-+A!
'9!F(AE+!,A.(A.-+A.+P!!!B8-+!8'CC.D9!8'!*'8+AA(;;+Ab!C+8.!'9!86!-(-+;.*+*!+!-A+/i8!*'!-+;;'A'8!*'!'d,'A-(8!H!
C(986;-+P!!

"!#$%#!&'()*+,-./'0!112!

!!1+!3+4!5!2.6*+*!7(8-'9.:;'!*';!<=>!!?!@',(A-'!B/+;6+C.D9!,(A!=9*.C+*(A'8!!!!!

!!!!!N#!!!!

!!!!!!!-=#<9#57>6!:0!+6:75#:310.!!

NN!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!1+!3+4!5!2.6*+*!7(8-'9.:;'!*';!<=>!!?!@',(A-'!B/+;6+C.D9!,(A!=9*.C+*(A'8!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"!#$%#!&'()*+,-./'0!112!!

2.0 EVALUACIN DE INDICADORES


!

2.1 SISTEMA DE INDICADORES PLATAFORMA C.E.S.


!
B;!8.8-'E+!*'!.9*.C+*(A'8!'8-+:;'C.*(8!,(A!;+!,;+-+F(AE+!<=>!2B7!F6'!6-.;.4+*(!,+A+!E'*.A0!C(E,+A+A!'!
.*'9-.F.C+A!bA'+8!*'!.9-'A/'9C.D9!+!F.9!*'!E'X(A+A!;+!8(8-'9.:.;.*+*!*'!;+!C.6*+*!*'!1+!3+4P!1(8!.9*.C+*(A'8!
8'!,6'*'9!*'F.9.A!C(E(!E'*.*+8!'9!';!-.'E,(!*'!;+8!/+A.+:;'8!*'!69!8.8-'E+!f6'!9(8!*+9!.9F(AE+C.D9!
8(:A'!;+8!-'9*'9C.+8!*'!i8-'0!8(:A'!+8,'C-(8!C(9CA'-(8!f6'!9(8!.9-'A'8+!+9+;.4+AP!w8-(8!,6'*'9!'8-+A!
C(E,6'8-(8!8.E,;'E'9-'!,(A!69+!/+A.+:;'!L9nE'A(!*'!/'Y`C6;(8!*'!69!E69.C.,.(M!(!,(A!69!GA6,(!*'!
';;+80!C(E(!,(A!'X'E,;(!;(8!E'-A(8!C6+*A+*(8!*'!/'A*'!6A:+9(!,(A!Y+:.-+9-'!H!-+E:.i9!,6'*'9!
'9C(9-A+A8'!C(9X69-(8!.9-'AA';+C.(9+*(8!F(AE+9*(!`9*.C'8!Eb8!C(E,;'X(8P!!
1+!'/+;6+C.D9!Ab,.*+!2B7!:+8+*(!'9!.9*.C+*(A'8!+,A(/'CY+!'8-+!*.8'a+*+!,+A+!:+8+A8'!'9!*+-(8!
'd.8-'9-'80!'/.-+9*(!;+!.9/'8-.G+C.D9!,A.E+A.+!C(E,;'-+!H!C(8-(8+0!H!6-.;.4+9*(!'8-.E+C.(9'8!C6+9*(!8'+!
9'C'8+A.(P!B9!+;G69(8!C+8(80!C(E(!'9!';!C+8(!*'!1+!3+40!;(8!E69.C.,.(8!9(!C6'9-+9!C(9!;(8!*+-(8!f6'!
+;.E'9-+9!;(8!.9*.C+*(A'8!'9!69+!F(AE+!!*'8+GA'G+!+!9./';!*'!;+!C.6*+*P!B9!-+;'8!C+8(80!';!'f6.,(!6-.;.4(!
CA.-'A.(8!H!X6.C.(8!,+A+!'/+;6+A!;+!.9F(AE+C.D9!,'A-.9'9-'!,(A!E'*.(!*'!'d,'A-(8!C(9!';!F.9!*'!*'8+AA(;;+A!
;+8!'8-.E+C.(9'8P!!B;!8.8-'E+!*'!.9*.C+*(A'8!'8!A',A'8'9-+*(!H!+9+;.4+*(!!E'*.+9-'!69+!Y(X+!*'!Cb;C6;(x0!
L/'A!+,i9*.C'M0!B;!8.8-'E+!C6'9-+!C(9!;+8!8.G6.'9-'8!-.'9'!;+8!8.G6.'9-'8!C+A+C-'A`8-.C+8!C;+/'!L<=>0!#$%%MJ!

@';'/+9C.+!Z!.E,+C-(J!1(8!.9*.C+*(A'8!A',A'8'9-+9!-'E+8!(!,A(:;'E+8!CA`-.C(8!,+A+!;+!
8(8-'9.:.;.*+*!!(!.9*.C+9!;(8!*'8+F`(8!A';+C.(9+*(8!C(9!'8-(8!-'E+80!+8`!C(E(!!8'!-A+*6C'9!
FbC.;E'9-'!'9!(:X'-./(8!*'!A'9*.E.'9-(P!

K+C.;.*+*!*'!A'C(;'CC.D9J!3(A!;(!G'9'A+;!8(9!*.8,(9.:;'8!+!-A+/i8!*'!A'C6A8(8!*.8,(9.:;'8!'9!
A',(A-'8!H!!F6'9-'8!*'!.9F(AE+C.D9!,n:;.C+P!

W9./'A8+;.*+*J!U.*'9!69!F'9DE'9(!f6'!'d.8-'!;+!E+H(A`+!C.6*+*'8!'9!;+8!f6'!';!<=>!8'!C'9-A+AbP!

<+X(!,(-'9C.+;!,+A+!;+!E+9.,6;+C.D9J!7(9!*.F`C.;'8!*'!+;-'A+A!H!Z!(!.9-'A,A'-+9!*'!E+9'A+!
*.F'A'9-'!L,(A!'X'E,;(0!,(A!(-A+8!,+A-'8M!

>':.*(!+!'8-+8!C+A+C-'A`8-.C+80!!.9*.C+*(A'8!8.A/'9!C(E(!69!Y'AA+E.'9-+!(:X'-./+!f6'!,'AE.-'!;+!
'/+;6+C.D9!'!.*'9-.F.C+C.D9!Ab,.*+!*'!;(8!-'E+8!*'!.9-'Ai8!H!-+E:.i9!,'AE.-'9!f6'!;(8!A'86;-+*(8!H!
8(;6C.(9'8!8'+9!C(E,+A+*(8!C(9!(-A+8!C.6*+*'8!,+A'8!*'!E+9'A+!Ab,.*+P!!>'!'8-+!F(AE+0!;(8!.9*.C+*(A'8!
,'AE.-'9!'/+;6+A!;+8!C(9*.C.(9'8!'d.8-'9-'8!C6+9-.-+-./+!H!C6+;.-+-./+E'9-'!,A(/'H'9*(!;+!:+8'!,+A+!
.*'9-.F.C+A!E(E'9-(8!,A'C.8(8!*'!.9-'A/'9C.D9!Y+C.+!A'-(8!Eb8!.E,(A-+9-'8!*'!;+!8(8-'9.:.;.*+*!*'!;+!
C.6*+*!H!;+8!bA'+8!+!.9-'A/'9.A!*'!E+H(A!.E,(A-+9C.+P!!

"!#$%#!&'()*+,-./'0!112!

!!1+!3+4!5!2.6*+*!7(8-'9.:;'!*';!<=>!!?!@',(A-'!B/+;6+C.D9!,(A!=9*.C+*(A'8!!!!!

!!!!!NT!!!!

2.2 RECOLECCIN DE DATOS


!
1+!,A.E'A+!F+8'!*';!,A(H'C-(!C(98.8-.D!'9!;+!A'C(;'CC.D90!(AG+9.4+C.D9!H!C6+9-.F.C+C.D9!*'!*+-(8!f6'!8'!
Y+9!.9-'GA+*(!+;!8.8-'E+!*'!.9*.C+*(A'8P!1(8!*+-(8!F6'A(9!A'C(;'C-+*(8!C(9!;+!+H6*+!/+;.(8+!*'!);E+!
1.*.+!2(-+!U(9-+a(0!>.A'C-(A+!*'!=99(/+C.D9!H!U'X(A+!@'G6;+-(A.+!*'!;+!jF.C.+;`+!U+H(A!*'!;+!26.*+*!*'!
1+!3+4P!!1+!7A+P!2(-+!;;'/D!+!C+:(!69!GA+9!'8F6'A4(!'9!';!,A(C'8(!*'!+*f6.8.C.D9!*'!;(8!*+-(8!9'C'8+A.(8!+!
-A+/i8!*'!jAG+9.8E(8!&6:'A9+E'9-+;'8!.9C;6H'9*(!+G'9C.+8!F'*'A+;'80!'8-+-+;'80!A'G.(9+;'8!H!;(C+;'80!
+*'Eb8!!*'!;+8!69./'A8.*+*'8!H!(-A+8!.98-.-6C.(9'8!9(cG6:'A9+E'9-+;'8P!&'()*+,-./'!C((A*.9D!
8'E+9+;E'9-'!C(9!;+!7A+P!2(-+0!E+9-'9.i9*(8'!8.'E,A'!+;!-+9-(!*';!,A(GA'8(!*'!A'C(;'CC.D9!H!
C6+9-.F.C+C.D9!+,A(,.+*+!*'!;(8!*+-(8P!!B;!'f6.,(!*';!<=>!-+E:.i9!,A(/'HD!+H6*+!H!*.A'CC.D9!C(9!
A'8,'C-(!+!;(8!.9*.C+*(A'8!H!868!E'*.*+8!+,A(,.+*+8P!>6A+9-'!';!-+;;'A!A'+;.4+*(!'9!1+!3+4!LF':A'A(!*'!
#$%#M!8'!C(986;-D!+!'d,'A-(8!;(C+;'8!H!!'8,'C.+;.8-+8!8'C-(A.+;'8!*';!<=>!8(:A'!;(8!*+-(8!A'C(;'C-+*(8!
Y+8-+!'8+!F'CY+!,+A+!/+;.*+A!;+!.9F(AE+C.D9!+9+;.4+*+P!
B;!,A(C'8(!*'!A'C(;'CC.D9!*'!*+-(8!.9.C.D!C(9!;+!E'-+!*'!C(E,.;+A!.9F(AE+C.D9!,+A+!%IN!.9*.C+*(A'8g!%%!
*'!'8-(8!.9*.C+*(A'8!F6'A(9!*'8C+A-+*(8!,(A!86G'A'9C.+!*';!<=>P!1(8!*+-(8!A'C(;'C-+*(8!C(9!;+!+H6*+!*'!
;(8!A',A'8'9-+9-'8!*'!;(8!jAG+9.8E(8!&6:'A9+E'9-+;'8!,'AE.-.'A(9!'/+;6+A!%$Q!.9*.C+*(A'8g!F6'!
.E,(8.:;'!'/+;6+A!NI!.9*.C+*(A'8!+9-'!;+!+68'9C.+!*'!E'*.C.(9'8!*.A'C-+8!(!,A(d.!+,A(,.+*(8P!B;!
A'86;-+*(!F.9+;0!'9-(9C'80!,'AE.-.D!'/+;6+A!';!^_r!*'!;(8!.9*.C+*(A'8!+86E.*(8!C(E(!(:X'-./(P!!

2.3 EVALUACIN POR SEMFORO

&'()*+,-./'!+,;.CD!;+!E'-(*(;(G`+!*'!'/+;6+C.D9!,(A!.9*.C+*(A'8!*'8+AA(;;+*+!,(A!';!<=>!'9!;+!C6.*+*!*'!
1+!3+4P!2+*+!.9*.C+*(A!F6'!8(E'-.*(!+;!+9b;.8.8!*'!8'EbF(A(!*(9*'!8'!6-.;.4+A(9!;(8!o:'9CYE+AS8p!
-'DA.C(8!'8-+:;'C.*(8!,(A!';!'f6.,(!*';!<=>!,+A+!;+8!C(E69.*+*'8!*';!1)20!+8.G9b9*(;'!69!C(;(A!L/'A*'!Z!
+E+A.;;(!ZA(X(M!*'!8'EbF(A(!+!C+*+!.9*.C+*(AP!B;!C(;(A!A(X(!8.G9.F.C+!f6'!';!.9*.C+*(A!'8-b!,(A!*':+X(!*'!;+!
9(AE+!E`9.E+!,+A+!'8'!CA.-'A.(P!B;!C(;(A!/'A*'!A',A'8'9-+!+!;(8!8'C-(A'8!f6'!+;C+94+9!(!86,'A+9!;(8!
'8-b9*+A'8!*'!8(8-'9.:.;.*+*!'8-+:;'C.*(8!,(A!;(8!'d,'A-(8!*';!<=>0!*'!+C6'A*(!C(9!;(8!.9*.C+*(A'8!
*'F.9.*(8P!B;!C(;(A!+E+A.;;(!*'8.G9+!+f6';;(8!.9*.C+*(A'8!f6'!-.'9'9!/+C`(8!'9!86!E'*.*+!*'!
8(8-'9.:.;.*+*P!W9+!/'4!f6'!;(8!.9*.C+*(A'8!8'!Y+9!'/+;6+*(0!'8-'!-.,(!*'!+9b;.8.8!,'AE.-'!f6'!8'+9!
FbC.;E'9-'!C(E,+A+*(8!C(9!(-A+8!C.6*+*'8!8.E.;+A'8!*'9-A(!*'!;+!,;+-+F(AE+P!
)!C(9-.96+C.D9!8'!'9C6'9-A+9!;(8!*+-(8!A'C(;'C-+*(80!;(8!.9*.C+*(A'8!H!86!'/+;6+C.D9!*'!-.,(!8'EbF(A(P!
!

NI!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!1+!3+4!5!2.6*+*!7(8-'9.:;'!*';!<=>!!?!@',(A-'!B/+;6+C.D9!,(A!=9*.C+*(A'8!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"!#$%#!&'()*+,-./'0!112!!

!
,7?06.7>6&!7(8-'9.:.;.*+*!U'*.(+E:.'9-+;!H!2+E:.(!2;.Eb-.C(!
J0?#&!)G6+!
(98/0?#.!

]!

+6:75#:31!

;0.9</#:3!

Q01:0!

C?#17<<3!

;3S3!

(0?PY313!

'3801/91#!:0!
#^9#!23/#8<0!

%!

3(:;+C.D9!C(9!+CC'8(!+!
+G6+!,(-+:;'!

V^PV^r!

Q$c%$$r!

_$cQ$r!

y_$r!

-Y7570657#!06!0<!
9.3!:0<!#^9#!

#!

2(986E(!*'!+G6+!,'A!
Cb,.-+!

Q#PIT!
N
E Z,'A8(9+
Z+a(!

IIcV$!

N^cII!H!V$c%%$!

y!N^!H!z%%$!

N!

2(9-.96.*+*!*';!8'A/.C.(!
*'!+G6+!,(-+:;'!

yQ!YA8Z*`+!

z%Q!YA8Z*`+!

Qc%Q!YA8Z*`+!

yQ!YA8Z*`+!

T!

)G6+!9(!C(9-+:.;.4+*+!

%_P_Tr!

$c#$r!

#$cTIr!

zTIr!

I!

<+;+9C'!9'-(!*'!+G6+!
LA'C6A8(8!.9-'A9(8!H!
'd-'A9(8M!

y!$!E.;;D9!
N!
*'!E Z+a(!

z$UU2Z+a(!

y$!UU2Z+a(0!
,'A(!C(9!,;+9'8!
*'!C(98'A/+C.D9!

y$!UU2Z+a(0!
8.9!,;+9'8!*'!
C(98'A/+C.D9!

-Y7570657#!06!<#!
210./#57>6!:0!
.01=7573.!:0!
#^9#!23/#8<0!
,7.236787<7:#:!
10591.3.!
4R:1753.!

!
K6'9-'!*'!*+-(8J!

jAG+9.8E(!j,'A+*(A!U69.C.,+;!>';!7.8-'E+!>'!)G6+!3(-+:;'0!);C+9-+A.;;+*(!\!7+9'+E.'9-(!LjjU7)3)7M!L#$%%M!

2(E.8.D9!R+C.(9+;!*';!)G6+!L2jR7)3)M!L#$%%M!
!

@'86;-+*(J!3+A+!';!-'E+!)G6+!';!_$r!*'!868!.9*.C+*(A'8!LN!*'!IM!8(9!8'EbF(A(!/'A*'0!H!';!!
T$r!A'8-+9-'!L#!*'!IM!8(9!A(X(8P!

!
,7?06.7>6&!7(8-'9.:.;.*+*!U'*.(+E:.'9-+;!H!2+E:.(!2;.Eb-.C(!
J0?#&!7+9'+E.'9-(!
(98/0?#.!

]!

!
'3801/91#!:0!
.#60#?706/3!

!
!
!_!
!

+6:75#:31!

;0.9</#:3!

Q01:0!

C?#17<<3!

;3S3!

3(:;+C.D9!C(9!+CC'8(!+!
8+9'+E.'9-(!,(A!
+;C+9-+A.;;+*!

V%PTNr!

z!^I!

^I!5!I$!

y!I$!

3(:;+C.D9!C(9!,(4(!
8i,-.C(0!;'-A.9+!*'!,(4(!
E'X(A+*+!(!C(9!;(4+!

V^P#%r!

z!^I!

^I!5!I$!

y!I$!

^!

lA'+!.969*+*+!*6A+9-'!
,A'C.,.-+C.(9'8!C(9!
FA'C6'9C.+!*'!(C6AA'9C.+!
.G6+;!+!I!+a(8!Z!bA'+!
6A:+9+!-(-+;!

$!

y!%r!

%!5!Nr!

z!Nr!

J1#/#?706/3!
#^9#.!10.7:9#<0.!

Q!

[A+-+E.'9-(!8'C69*+A.(!
*'!+G6+8!A'8.*6+;'8!

%$$r!

Q$!c!%$$r!

_$!c!Q$r!

y!_$r!

;09/7<7%#57>6!
#^9#.!10.7:9#<0.!

V!

)G6+8!A'8.*6+;'8!
A'6-.;.4+*+8!

%$$r!

z!%$r!

$!c!%$r!

$!

!
-Y7570657#!:0!
:106#S0!

(0?PY313!
!

!
!

!
K6'9-'!*'!*+-(8J!

jAG+9.8E(!j,'A+*(A!U69.C.,+;!>';!7.8-'E+!>'!)G6+!3(-+:;'0!);C+9-+A.;;+*(!\!7+9'+E.'9-(!LjjU7)3)7M!L#$%%M!!

=98-.-6-(!R+C.(9+;!>'!B8-+*`8-.C+!\!&'(GA+F`+!L=RB&=M!L#$%$M!
@'86;-+*(J!3+A+!';!-'E+!7+9'+E.'9-(!%$$r!*'!868!.9*.C+*(A'8!LI!*'!IM!8(9!8'EbF(A(!/'A*'P!

"!#$%#!&'()*+,-./'0!112!

!!1+!3+4!5!2.6*+*!7(8-'9.:;'!*';!<=>!!?!@',(A-'!B/+;6+C.D9!,(A!=9*.C+*(A'8!!!!!

!!!!!N_!!!!

!
,7?06.7>6&!7(8-'9.:.;.*+*!U'*.(+E:.'9-+;!H!2+E:.(!2;.Eb-.C(!
J0?#&!&'8-.D9!*'!@'8.*6(8!7D;.*(8!
(98/0?#.!

]!

+6:75#:31!

'3801/91#!:0!
1053<0557>6!:0!
10.7:93.!.><7:3.!

%$!

3(:;+C.D9!C(9!+CC'8(!
A'G6;+A!+!A'C(;'CC.D9!*'!
A'8.*6(8!8D;.*(8!

%%!

!
,7.23.757>6!Y76#<!
#:059#:#!:0!
10.7:93.!.><7:3.!

!
J1#/#?706/3!!
:0!10.7:93.!.><7:3.!

;0.9</#:3!

Q01:0!

C?#17<<3!

;3S3!

%$$r!

Q$c%$$r!

_${Q$r!

y_$r!

>.8,(8.C.D9!F.9+;J!@';;'9(!
8+9.-+A.(!

%$$r!

V$c%$$r!

Q$cV$r!

yQ$r!

%#!

m.*+!A'E+9'9-'!*';!,A'*.(!
'9!';!C6+;!'8-b!.98-+;+*(!';!
A';;'9(!8+9.-+A.(!(!
/'A-'*'A(!C(9-A(;+*(!

%#!+a(8!

zQ!

I!5!Q!

yI!

%N!

>.8,(8.C.D9!F.9+;J!
m'A-'*'A(8!+!C.';(!+:.'A-(0!
/'A-'*'A(8!C(9-A(;+*(80!
C6'A,(8!*'!+G6+!H!
f6'E+*(8!

%$$r!

y%$r!

%$!5!#$r!

z!#$r!

%T!

[A+-+E.'9-(J!2(E,(8-+X'!

$!

z!N$r!'8!
C(E,(8-+*(!

%$!5!N$r!

y%$r!8'!
C(E,(8-+!

%I!

[A+-+E.'9-(J!@'C.C;+*(8!

%$r!

%IcN$r!

y%Ir!'8!
A'C.C;+*(!

%_!

[A+-+E.'9-(J!W8+*(!C(E(!
A'C6A8(!'9'AGi-.C(!

$!

T$c^$r!
!

yT$r!
!

zN$r!'8!
A'C.C;+*(!
z^$r!8'!
6-.;.4+!C(E(!
'9'AG`+!

(0?PY313!
!

!
K6'9-'!*'!*+-(8J!

>.A'CC.D9!&'9'A+;!>'!7'A/.C.(8!3n:;.C(8!U69.C.,+;'8!L>&73UM!L#$%$M!

@'86;-+*(J!3+A+!';!-'E+!&'8-.D9!*'!@'8.*6(8!7D;.*(8!';!TNr!*'!868!.9*.C+*(A'8!LN!*'!^M!8(9!8'EbF(A(!!
/'A*'0!H!;+!E+H(A`+!C(9!69!I^r!LT!*'!^M!8(9!8'EbF(A(!A(X(P!
!

!
!
!
!
!
!
!
!

N^!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!1+!3+4!5!2.6*+*!7(8-'9.:;'!*';!<=>!!?!@',(A-'!B/+;6+C.D9!,(A!=9*.C+*(A'8!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"!#$%#!&'()*+,-./'0!112!!

!
,7?06.7>6&!7(8-'9.:.;.*+*!U'*.(+E:.'9-+;!H!2+E:.(!2;.Eb-.C(!
J0?#&!B9'AG`+!
(98/0?#.!

!
'3801/91#!
0601^_/75#!

!
-Y7570657#!06!
0<!9.3!:0!<#!
0601^R#!

!
-601^R#.!
#</016#/7=#.!
O!1063=#8<0.!

]!

+6:75#:31!

%^!

3(:;+C.D9!C(9!+CC'8(!F(AE+;!+!
'9'AG`+!';iC-A.C+!

VQr!

V$c%$$r!

^$cV$r!

y^$r!

3(:;+C.D9!C(9!+CC'8(!F(AE+;!+!
G+8!,(A!A'*!*(E.C.;.+A.+!

$!

z#Ir!

%Ic#Ir!

y%Ir!

%$$r!

z^Ir!

I$c^Ir!

yI$r!

%$$r!

V$c%$$r!

^$cV$r!

y^$r!

!
!

%Q!

;0.9</#:3!

3(:;+C.D9!C(9!+CC'8(!F(AE+;!+!
G+8!,(A!G+AA+F+!
3(:;+C.D9!C(9!+CC'8(!F(AE+;!+!
G+8!,(A!A'*!*(E.C.;.+A.+!(!
G+AA+F+!

Q01:0!

C?#17<<3!

;3S3!

%V!

2(9-.96.*+*!*';!8'A/.C.(!*'!
'9'AG`+!';iC-A.C+!

#T!YA8Z*`+!

z#NPVQ!
YA8Z*`+!
!

#NPVTc#NPVQ!
YA8Z*`+!

y#NPVT!YA8Z*`+!
!

#$!

2(986E(!+96+;!*'!'9'AG`+!
';iC-A.C+!,'A!Cb,.-+!

_TI0$$$!SOY!

yI$$$!
S]YZ,C!

I$$$c#I$$$!

z#I$$$!

##!

=9-'98.*+*!'9'AGi-.C+!*'!;+!
'C(9(E`+!

RZ)!

y!TP#!E.;;(9'8!

#I!

Bd.8-'9C.+0!E(9.-(A'(!H!
C6E,;.E.'9-(!*'!A'G6;+C.(9'8!
*'!'F.C.'9C.+!'9'AGi-.C+!

$!!L9(M!

@'G6;+C.(9'8!
+,A(:+*+80!
E(9.-(A'(!
FA'C6'9-'0!
C6E,;.E.'9-(!
+*'C6+*(!

TP#!+!^PT!
E.;;(9'8!
@'G6;+C.(9'8!
+,A(:+*+80!
E(9.-(A'(!
.9C(98.8-'9-'0!
C6E,;.E.'9-(!
;.E.-+*(!

$r!

zT$r!

#$cT$r!

y#$r!

$r!

z%$r!

Nc%$r!

yNr!

$!!L9(M!

3A(GA+E+!
+C-./(!

3A(GA+E+!'9!
,A(GA'8(!

R(!Y+H!,A(GA+E+!
*'!C+,-6A+!

#_!

#^!

3A(*6CC.D9Z68(!*'!'9'AG`+8!
A'9(/+:;'8!C(E(!,(AC'9-+X'!
*';!-(-+;!*'!'9'AG`+!';iC-A.C+!
L.9C;6H'!GA+9*'8!A',A'8+8!
Y.*A(';iC-A.C+80!+a(!,A(E'*.(!
'9!Y.*A(;(G`+M!
3A(*6CC.D9Z68(!*'!'9'AG`+8!
A'9(/+:;'8!C(E(!,(AC'9-+X'!
*';!-(-+;!*'!'9'AG`+!';iC-A.C+!
L8.9!GA+9*'8!A',A'8+8!
Y.*A(';iC-A.C+8M!
B9'AG`+!G'9'A+*+!+96+;E'9-'!
,(A!;+!C+,-6A+!*'!G+8!E'-+9(!

z^PT!E.;;(9'8!
@'G6;+C.(9'8!9(!
'F'C-./+80!(!8.9!
E(9.-(A'(!(!
C6E,;.E.'9-(!

(0?PY313!
!
!

!
!

K6'9-'!*'!*+-(8J!

>.A'CC.D9!&'9'A+;!>'!7'A/.C.(8!3n:;.C(8!U69.C.,+;'8!L>&73UM!L#$%$M!

2KB0!26+*'A9(!*'!*+-(8!<b8.C(8!*'!<P2P7!L#$%$M!

@'86;-+*(J!3+A+!';!-'E+!B9'AG`+!';!T$r!*'!868!.9*.C+*(A'8! LT!*'!%$M!8(9!8'EbF(A(!/'A*'0!H!';!A'8-+9-'!!_$r!
!L_!*'!%$M!8(9!8'EbF(A(!A(X(P!

!
!
!

"!#$%#!&'()*+,-./'0!112!

!!1+!3+4!5!2.6*+*!7(8-'9.:;'!*';!<=>!!?!@',(A-'!B/+;6+C.D9!,(A!=9*.C+*(A'8!!!!!

!!!!!NQ!!!!

!
,7?06.7>6&!7(8-'9.:.;.*+*!U'*.(+E:.'9-+;!H!2+E:.(!2;.Eb-.C(!
J0?#&!2+;.*+*!*'!).A'!
(98/0?#.!

]!

'36/13<!:0!<#!
5#<7:#:!:0<!#710!

Bd.8-'9C.+0!E(9.-(A'(!H!
C6E,;.E.'9-(!*'!
#Q!
A'G6;+C.(9'8!8(:A'!C+;.*+*!
*'!+.A'!

$!!L9(M!

@'G6;+C.(9'8!
+,A(:+*+80!
E(9.-(A'(!
FA'C6'9-'0!
C6E,;.E.'9-(!
+*'C6+*(!

#V!

|9*.C'!*'!C+;.*+*!*'!+.A'!

RZ)!
!

2(9C'9-A+C.D9!*'!3U!#PI!

RZ)!

RnE'A(!*'!C+8(8!*'!
.9F'CC.(9'8!A'8,.A+-(A.+8!

RZ)!

'36506/1#57>6!:0!
N$!
536/#?76#6/0.!
06!0<!#710!
N%!

+6:75#:31!

;0.9</#:3!

Q01:0!

C?#17<<3!
@'G6;+C.(9'8!
+,A(:+*+80!
E(9.-(A'(!
.9C(98.8-'9-'!
C6E,;.E.'9-(!
;.E.-+*(!

;3S3!
@'G6;+C.(9'8!9(!
'F'C-./+80!(!8.9!
E(9.-(A'(!(!
C6E,;.E.'9-(!
!

(0?PY313!
!

!
!
!

!
K6'9-'!*'!*+-(8J!9Z+!
!
@'86;-+*(J!3+A+!';!-'E+!2+;.*+*!*'!).A'!9(!,(8''!.9*.C+*(A'8!C(9!8'EbF(A(!/'A*'0!';!%$$r!L%!*'!%M!*'!;(8!!
.9*.C+*(A'8!8(9!8'EbF(A(!A(X(P!
!
!

,7?06.7>6&!7(8-'9.:.;.*+*!U'*.(+E:.'9-+;!H!2+E:.(!2;.Eb-.C(!
J0?#&!U.-.G+C.D9!*';!2+E:.(!2;.Eb-.C(!
(98/0?#.!

]!

+6:75#:31!

;0.9</#:3!

Q01:0!

C?#17<<3!

;3S3!

'36/13<!:0!
0?7.7360.!N-+!

N#!

Bd.8-'9C.+!H!E(9.-(A'(!*'!
.9/'9-+A.(!&B=!

RZ)!

NN!

BE.8.(9'8!&B=!,'A!Cb,.-+!

RZ)!
!

NT!

BE.8.(9'8!&B=!Z!3=<!

RZ)!

BE.8.(9'8!*'!2j#!*';!
8'C-(A!'9'AG`+!L'dC;6H'9*(!
-A+98,(A-'M!

RZ)!

BE.8.(9'8!*'!2j#!*';!
8'C-(A!-A+98,(A-'!

RZ)!

BE.8.(9'8!*'!2j#!*';!
8'C-(A!A'8.*6(8!L.9C;6H'9*(!
+G6+8!A'8.*6+;'8M!

RZ)!

BE.8.(9'8!*'!2j#!*';!
8'C-(A!.9*68-A.+;!H!(-A(8!

RZ)!

BE.8.(9'8!*'!2j#!*';!
8'C-(A!W[2W[7!c!76E.*'A(8!

RZ)!

BE.8.(9'8!+96+;'8!*'!2j#!
*':.*+8!+;!C(986E(!
';iC-A.C(!*'!;+!C.6*+*!Z!
Y+:.-+9-'8!C.6*+*!

RZ)!

!
'#6/7:#:!:0!
0?7.7360.!N-+!
!

NI!

N_!

(0?PY313!
!

!
!

K6'9-'!*'!*+-(8J!9Z+!
@'86;-+*(J!B;!-'E+!U.-.G+C.D9!*';!2+E:.(!2;.Eb-.C(!9(!,(8''!.9*.C+*(A'8!C(9!*+-(8P!
!

NV!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!1+!3+4!5!2.6*+*!7(8-'9.:;'!*';!<=>!!?!@',(A-'!B/+;6+C.D9!,(A!=9*.C+*(A'8!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"!#$%#!&'()*+,-./'0!112!!

!
,7?06.7>6&!7(8-'9.:.;.*+*!U'*.(+E:.'9-+;!H!2+E:.(!2;.Eb-.C(!
J0?#&!@6.*(!
(98/0?#.!
!
;97:3!

$10.7>6!
.3631#!

]!

+6:75#:31!

;0.9</#:3!

Q01:0!

C?#17<<3!

N^!

Bd.8-'9C.+0!
E(9.-(A'(!H!
C6E,;.E.'9-(!*'!
A'G6;+C.(9'8!8(:A'!
,(;6C.D9!+Cn8-.C+!

$L9(M!

NQ!
!

R./';'8!E'*.(8!*'!
,A'8.D9!+Cn8-.C+!'9!
Y(A+8!CA`-.C+8!*'!
bA'+8!C;+/'!
L*'C.:';M!!

y_$*<!'9!bA'+8!
_I!*<!*'!%$,E!+!_!
8'98.:;'8!+E:.'9-+;c _$c^I*<!
+E!H!_Q!*<!*'!;+8!
!
E'9-'!
_+E!+!%$,E!
!

@'G6;+C.(9'8!
@'G6;+C.(9'8!
+,A(:+*+80!
+,A(:+*+80!
E(9.-(A'(!
E(9.-(A'(!FA'C6'9-'0!
.9C(98.8-'9-'!
C6E,;.E.'9-(!
C6E,;.E.'9-(!
+*'C6+*(!
;.E.-+*(!

;3S3!
@'G6;+C.(9'8!
9(!'F'C-./+80!(!
8.9!E(9.-(A'(!(!
C6E,;.E.'9-(!

z^I*<!
!

(0?PY313!
!

K6'9-'!*'!*+-(8J!!

>.A'CC.D9!*'!BC(;(G`+0!B*6C+C.D9!H!&'8-.D9!)E:.'9-+;!L#$%%M!

!
!

@'86;-+*(J!3+A+!';!-'E+!@6.*(!9(!,(8''!.9*.C+*(A'8!C(9!8'EbF(A(!/'A*'0!';!I$r!L%!*'!#M!8(9!!
8'EbF(A(!A(X(!H!';!A'8-+9-'!I$r!L%!*'!#M!8(9!8'EbF(A(!+E+A.;;(P!
!
!
!
!
!

"!#$%#!&'()*+,-./'0!112!

!!1+!3+4!5!2.6*+*!7(8-'9.:;'!*';!<=>!!?!@',(A-'!B/+;6+C.D9!,(A!=9*.C+*(A'8!!!!!

!!!!!T$!!!!

!
,7?06.7>6&!7(8-'9.:.;.*+*!U'*.(+E:.'9-+;!H!2+E:.(!2;.Eb-.C(!
J0?#&!m6;9'A+:.;.*+*!)9-'!>'8+8-A'8!R+-6A+;'8!
(98/0?#.!

!
'#2#57:#:!
#:#2/7=#!
#<!5#?873!
5<7?P/753!
O!0=06/3.!
6#/91#<0.!
0`/10?3.!
!

]!

+6:75#:31!

NV!

Bd.8-'9C.+!*'!E+,+8!*'!
A.'8G(!*'!;+!C.6*+*!f6'!
.9C;6H'9!+E'9+4+8!
9+-6A+;'8!LG'(F`8.C+8!'!
Y.*A(E'-'A'(;DG.C+8M!H!
+9b;.8.8!*'!/6;9'A+:.;.*+*!

T#!

Bd.8-'9C.+!*'!,;+9'8!*'!
C(9-.9G'9C.+!+*'C6+*(8!
,+A+!*'8+8-A'8!9+-6A+;'8!
H!C+E:.(!C;.Eb-.C(!

TN!

Bd.8-'9C.+!*'!8.8-'E+8!*'!
+;'A-+!-'E,A+9+!
'F'C-./(8!

TT!

Bd.8-'9C.+!*'!,;+9'8!
'F'C-./(8!*'!G'8-.D9!*';!
A.'8G(!*'!*'8+8-A'8!H!*'!
+*+,-+C.D9!+;!C+E:.(!
C;.Eb-.C(!

C?#17<<3!

;3S3!

Bd.8-'9C.+!*'!E+,+8!*'!
A.'8G(!f6'!.9C;6H'9!69!
+9b;.8.8!*'!+E'9+4+8!H!
/6;9'A+:.;.*+*!:+8+*(8!
-+9-(!'9!.9F(AE+C.D9!
Y.8-DA.C+!C(E(!'9!
,A(H'CC.(9'8!*'!22!
2(E,;'-(0!
+C-6+;.4+*(!H!,6'8-(!+!
,A6':+!,(A!E'*.(!*'!
8.E6;+CA(8!,(A!;(!
E'9(8!#!/'C'8!+;!+a(!

Bd.8-'9C.+!*'!
E+,+8!*'!
+E'9+4+8!
:+8+*(8!'9!
.9F(AE+C.D9!
Y.8-DA.C+!!
!

R(!Y+H!E+,+8!
*'!+E'9+4+8!
!

2(E,;'-(!,'A(!
*'8+C-6+;.4+*(!(!
)C-6+;.4+*(!,'A(!
.9C(E,;'-(!

=9C(E,;'-(!H!
*'8+C-6+;.4+*(!
!

$!L9(M!

7.8-'E+!E6;-.cE(*+;!
C(9!8.E6;+CA(8!
+*'C6+*(8!,(A!;(!
E'9(8!#!/'C'8!+;!+a(!

7.8-'E+!E6;-.c
E(*+;!C(9!,(C+8!
,A6':+8!
L8.E6;+CA(8M!

7(;(!69!E(*(!
*'!9(-.F.C+C.D9!
8.9!,A6':+8!

!
!
!

$!L9(M!

1+!C.6*+*!C6'9-+!C(9!
69!,;+9!*'!G'8-.D9!*'!
A.'8G(!H!69!,;+9!*'!
+*+,-+C.D9!+;!22!
!

1+!C.6*+*!-.'9'!69!
,;+9!*'!G'8-.D9!*'!
A.'8G(!/.G'9-'0!,'A(!
9(!69!,;+9!*'!)22!

TI!

3(AC'9-+X'!*'!E'*.*+8!
.E,;'E'9-+*+8!*'!;(8!
,;+9'8!*'!G'8-.D9!*';!
A.'8G(!*'!*'8+8-A'8!H!*'!
+*+,-+C.D9!+;!C+E:.(!
C;.Eb-.C(!

$r!

;+!C.6*+*!Y+!
.E,;'E'9-+*(!,(A!;(!
E'9(8!#$r!*'!;+8!
E'*.*+8!.*'9-.F.C+*+8!
'9!;(8!,;+9'8!*'!&>@!
H!)22!
!

;+!C.6*+*!Y+!
.E,;'E'9-+*(!
E'9(8!*';!#$r!*'!
;+8!E'*.*+8!
.*'9-.F.C+*+8!'9!
;(8!,;+9'8!*'!&>@!
H!)22!

1+!C.6*+*!9(!
-.'9'!,;+9!*'!
G'8-.D9!*'!
A.'8G(!(!,;+9!*'!
)22!
!
;+!C.6*+*!9(!Y+!
.E,;'E'9-+*(!!
;+8!E'*.*+8!
.*'9-.F.C+*+8!'9!
;(8!,;+9'8!*'!
&>@!H!)22!
!

T_!

3A6':+8!+96+;'8!*'!
,;+9'8!*'!C(9-.9G'9C.+!H!
8.8-'E+8!*'!+;'A-+!

N!

,(A!;(!E'9(8!#!
8.E6;+CA(8!+;!+a(!
!

y!#!8.E6;+CA(8!+;!
+a(!

9(!8'!Y+C'9!
8.E6;+CA(8!

%!L8.M!

[+9-(!';!,;+9!*'!
*'8+AA(;;(!*'!;+!
C.6*+*!C(E(!';!,;+9!
*'!(A*'9+E.'9-(!
-'AA.-(A.+;!.9C;6H'9!;(8!
A.'8G(8!LC(9!:+8'!'9!
.9F(AE+C.D9!Y.8-DA.C+!
H!,A(H'CC.(9'8!*'!22M!

;(8!
.98-A6E'9-(8!
3(A!;(!E'9(8!%!*'!
*'!,;+9.F.C+C.D9!
;(8!.98-A6E'9-(8!*'!
6A:+9+!Rj!
,;+9.F.C+C.D9!
-.'9'9!'9!
6A:+9+!-.'9'!'9!
C6'9-+!;(8!
C6'9-+!;(8!A.'8G(8!+!
A.'8G(8!+!
F'9DE'9(8!
F'9DE'9(8!
9+-6A+;'8!
9+-6A+;'8!
!

T^!

!
(06.787<7:#:!
#!:0.#./10.!
6#/91#<0.!

3;+9'8!*'!*'8+AA(;;(!
6A:+9(!-.'9'9!'9!C6'9-+!
A.'8G(8!H!/6;9'A+:.;.*+*'8!

;0.9</#:3! Q01:0!

%!L8.M!

$!L9(M!

(0?PY313!

TQ!

=9/'A8.D9!,n:;.C+!,A(E'*. !
'9!.9FA+'8-A6C-6A+!CA`-.C+!' RZ)!
!
;(8!n;-.E(8!%$!+a(8!

TV!

=9FA+'8-A6C-6A+!CA`-.C+!L'XP!
+G6+0!'9'AG`+0!'-CPM!'9!
A.'8G(!*':.*(!+!
RZ)!
C(98-A6CC.D9!.9+*'C6+*+!
HZ(!6:.C+C.D9!'9!bA'+8!
.9E.-.G+:;'8!

y%$r!

%$c#$r!

z#$r!

y%$r!

%$c#$r!

z#$r!

y%$r!

%$c%I!

z%I!

I$!
I%!
I#!

m./.'9*+8!'9!A.'8G(!*':.*(! !
VP^$r!
C(98-A6CC.D9!.9+*'C6+*+!
lA'+!(C6,+*+!,(A!
+8'9-+E.'9-(8!.9F(AE+;'8! !^PIVr!
bA'+!6A:+9+!-(-+;!
3(:;+C.D9!f6'!/./'!'9!
TP_r!
+8'9-+E.'9-(8!.9F(AE+;'8!

T%!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!1+!3+4!5!2.6*+*!7(8-'9.:;'!*';!<=>!!?!@',(A-'!B/+;6+C.D9!,(A!=9*.C+*(A'8!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"!#$%#!&'()*+,-./'0!112!!

IN!

!
-`23.757>6!#!
:0.#./10.!
6#/91#<0.!

IT!

II!

m./.'9*+8!'9!+8'9-+E.'9-( !
TP^r!
.9F(AE+;'8!
2+9-.*+*!*'!*'8+8-A'8!
9+-6A+;'8!A'G.8-A+*(8!'9!;+!
T!
C.6*+*!'9!;(8!n;-.E(8!%$!
+a(8!
3(:;+C.D9!+F'C-+*+!,(A!
*'8+8-A'8!9+-6A+;'8!'9!;+!
RZ)!
C.6*+*!'9!;(8!n;-.E(8!%$!
+a(8!

y%$r!

%$c#$r!

z#$!

yI!

I!+!%$!

z%$!

!
!

!!
K6'9-'!*'!*+-(8J!!

3;+9!U69.C.,+;!*'!BE'AG'9C.+8!
)-;+8!*'!,';.GA(8!9+-6A+;'8!*'!;+!C.6*+*!*'!1+!3+40!<27!
@'69.(9'8!*'!2(98'X(!U69.C.,+;!*'!3A(-'CC.D9!2./.;!!L#$%%M!
3A(GA+E+!)96+;!*'!7.E6;+CA(8!H!3;+9!*'!2(9-.9G'9C.+!,(A!2.C;(9'8!L#$%%M!
3;+9!*'!>'8+AA(;;(!WA:+9(!,+A+!;+!C.6*+*!*'!1+!3+40!!
=98-.-6-(!R+C.(9+;!>'!B8-+*`8-.C+!\!&'(GA+F`+!L=RB&=M!L#$%$M!
>',+A-+E'9-(!*'!@'G6;+A.4+C.D9!*'!)8'9-+E.'9-(8!u6E+9(8!L#$%%M!
7'A/.C.(!U'-'(A(;DG.C(!R+C.(9+;!H!2'9-A(!R+C.(9+;!,+A+!;+!3A'/'9C.D9!*'!>'8+8-A'8!L#$%%M!
!

@'86;-+*(J!3+A+!';!-'E+!m6;9'A+:.;.*+*!+9-'!>'8+8-A'8!R+-6A+;'8!';!IQPNNr!*'!;(8!.9*.C+*(A'8!L^!*'!%#M!8(9!!
8'EbF(A(!/'A*'0!';!NNPNNr!LT!*'!%#M!8(9!8'EbF(A(!A(X(0!H!';!QPNNr!A'8-+9-'!!L%!*'!%#M!8(9!8'EbF(A(!!
+E+A.;;(P!
!

!!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!

"!#$%#!&'()*+,-./'0!112!

!!1+!3+4!5!2.6*+*!7(8-'9.:;'!*';!<=>!!?!@',(A-'!B/+;6+C.D9!,(A!=9*.C+*(A'8!!!!!

!!!!!T#!!!!

!
,7?06.7>6&!7(8-'9.:.;.*+*!WA:+9+!
J0?#&!W8(!*';!76';(!
76:-'E+8! }!
I_!

,06.7:#:!
@18#6#!

Q7=706:#!
a10#.!
=01:0.!O!
:0!
10510#57>6!

=9*.C+*(A!

@'86;-+*(!

[+8+!*'!6A:+9.4+C.D9!
LCA'C.E.'9-(!*'!F((-,A.9-M!

RZ)!

)E+A.;;(!

@(X(!

%_!Y+:.-+9-'8!
#
,(A!~U !

_$c%#$!Y+:ZY+!

T$c_$!(!%#$c%Q$!
Y+:ZY+!

z%Q$!Y+:ZY+!
(!y!!T$!
Y+:ZY+!

IQ! >'98.*+*!*'!'E,;'(!

RZ)!

IV! @+-.(!BE,;'(8!Z!m./.'9*+!

RZ)!

y!%Ir!

%$c#Ir!

z#Ir!

_$!

>iF.C.-8!*'!/./.'9*+!C6+9-.-+-./ ! !
_PVr!
C6+;.-+-./(8!

_%! lA'+8!/'A*'8!,(A!Y+:.-+9-'!
_#!

lA'+8!,6:;.C+8!*'!A'CA'+C.D9!
,(A!Y+:.-+9-'!

Bd.8-'9C.+!*'!69!,;+9!*'!
*'8+AA(;;(!6A:+9(!*'!;+AG(!
,;+4(!L+;!E'9(8!#$!+a(8M!
f6'!8'!'9C6'9-A'!/.G'9-'!
_T!
Bd.8-'9C.+!*'!69!,;+9!*'!
*'8+AA(;;(!6A:+9(!*'!;+AG(!
,;+4(!L+;!E'9(8!#$!+a(8M!
f6'!8'!'9C6'9-A'!/.G'9-'!

_I!

Bd.8-'9C.+!*'!69!,;+9!*'!
*'8+AA(;;(!-'AA.-(A.+;!6A:+9(!

7'EbF(A(!
!

I^! >'98.*+*!*'!,(:;+C.D9!

3(8''!69!,;+9!*'!6-.;.4+C.D9!
_N! *';!86';(!+C-./+E'9-'!
.E,;'E'9-+*(!

$<#67Y75#57
>6!:0!9.3!
:0!.90<3!

m'A*'!

RZ)!

RZ)!

%!L8.M!
!

3;+9!E+'8-A(!n9.C(!
C(9!C(E,(9'9-'8!
'C(;DG.C(8g!2.6*+*!
.E,;'E'9-+!
+C-./+E'9-'!

3;+9!E+'8-A(!'d.8-'0!
,'A(!8.9!C(E,(9'9-'8!
'C(;DG.C(8g!9(!Y+H!
,+8(8!Y+C.+!;+!
.E,;'E'9-+C.D9!

R(!'d.8-'!
,;+9!
E+'8-A(0!(!
-.'9'!Eb8!*'!
%$!+a(8!

$!L9(M!

Bd.8-'!,;+9!+!
;+AG(!,;+4(!*'!
*'8+AA(;;(!
8(C.('C(9DE.C(!c!
+E:.'9-+;!'9!
.E,;'E'9-+C.D9!
!

Bd.8-'!,;+9!+!;+AG(!,;+4(!
*'!*'8+AA(;;(!
8(C.('C(9DE.C(!c!
+E:.'9-+;!C(9!
*'F.9.C.(9'8!*i:.;'8!HZ(!
8.9!.E,;'E'9-+A!

R(!'d.8-'!
,;+9!+!;+AG(!
,;+4(!*'!
*'8+AA(;;(!
8(C.('C(9DE
.C(!c!
+E:.'9-+;!
!

$!L9(M!

Bd.8-'!69!,;+9!*'!
*'8+AA(;;(!
-'AA.-(A.+;!6A:+9(!
'9!
.E,;'E'9-+C.D9!
!

Bd.8-'!69!,;+9!*'!
*'8+AA(;;(!-'AA.-(A.+;!
6A:+9(!8.9!
.98-A6E'9-(8!,A'C.8(8!
*'!G'8-.D9!HZ(!8.9!
.E,;'E'9-+A!

R(!'d.8-'!69!
,;+9!*'!
*'8+AA(;;(!
-'AA.-(A.+;!
6A:+9(!

!
!
!
!
!

K6'9-'!*'!*+-(8J!

2(98'X(!R+C.(9+;!>'!B/+;6+C.D9!>'!1+!3(;`-.C+!>'!>'8+AA(;;(!7(C.+;!L2jRBm)1M!L#$%#M!

3;+9!*'!>'8+AA(;;(!WA:+9(!,+A+!;+!C.6*+*!*'!1+!3+40!<+X+!2+;.F(A9.+!76A!L<27M!L#$$^M!

3;+9!*'!jA*'9+E.'9-(!BC(;DG.C(!,+A+!';!E69.C.,.(!*'!1+!3+40!<+X+!2+;.F(A9.+!76A!L<27M!L#$%$M!

!
! @'86;-+*(J!3+A+!';!-'E+!W8(!*';!76';(!';!T$r!*'!;(8!.9*.C+*(A'8!L!#!*'!IM!8(9!8'EbF(A(!/'A*'0!';!A'8-+9-'!!
!!
_$r!L!N!*'!IM!8(9!8'EbF(A(!A(X(P!
!!
!
!
!
!

TN!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!1+!3+4!5!2.6*+*!7(8-'9.:;'!*';!<=>!!?!@',(A-'!B/+;6+C.D9!,(A!=9*.C+*(A'8!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"!#$%#!&'()*+,-./'0!112!!

!
,7?06.7>6&!7(8-'9.:.;.*+*!WA:+9+!
J0?#&!=9'f6.*+*!WA:+9+!
(98/0?#.!

]!

+6:75#:31!

;0.9</#:3!

Q01:0!

C?#17<<3!

;3S3!

(0?PY313!

$3810%#!

__!

3(:;+C.D9!'9!8.-6+C.D9!*'!
,(:A'4+!

#TP^r!

y!%Ir!

%$c#Ir!

z#Ir!

_^!

|9*.C'!*'!7'GA'G+C.D9!*'!
U(A+!

RZ)!

_Q!

3(AC'9-+X'!*';!3=<!'9!
E+9(8!*';!%$r!Eb8!A.C(!*'!
;+!,(:;+C.D9!

NNPQr!

y!#$!r!

#$!5!NIr!

z!NIr!

(0^10^#57>6!(3573)
0.2#57#<!
!
,0.7^9#<:#:!:0!
76^10.3!
!

!
!

!
K6'9-'!*'!*+-(8J!

2(98'X(!R+C.(9+;!>'!B/+;6+C.D9!>'!1+!3(;`-.C+!>'!>'8+AA(;;(!7(C.+;!L2jRBm)1M!L#$%#M!

=98-.-6-(!R+C.(9+;!>'!B8-+*`8-.C+!\!&'(GA+F`+!L=RB&=MJ!2'98(!BC(9DE.C(!L#$%$M!

!
!
!

@'86;-+*(J!3+A+!';!-'E+!=9'f6.*+*!WA:+9+!%$$r!*'!;(8!.9*.C+*(A'8!L#!*'!#M!8(9!8'EbF(A(!+E+A.;;(P!

!!

!
!

"!#$%#!&'()*+,-./'0!112!

!!1+!3+4!5!2.6*+*!7(8-'9.:;'!*';!<=>!!?!@',(A-'!B/+;6+C.D9!,(A!=9*.C+*(A'8!!!!!

!!!!!TT!!!!

!
,7?06.7>6&!7(8-'9.:.;.*+*!WA:+9+!
J0?#&![A+98,(A-'!
(98/0?#.! ]!
!
J1#6.231/0!
2b8<753!

+6:75#:31!

;0.9</#:3!

Q01:0!

C?#17<<3!

;3S3!

(0?PY313!

_V! 2+9-.*+*!*'!/`+8!
,A'F'A'9C.+;'8!,+A+!';!
-A+98,(A-'!,n:;.C(!

RZ)!

!
!

!
!

!
!

^$! m.+X'8!6-.;.4+9*(!
-A+98,(A-'!,n:;.C(!
^%! m';(C.*+*!E'*.+!'9!
,A.9C.,+;'8!C(AA'*(A'8!
*'!-A+98,(A-'!,n:;.C(!
^#! U(*+;!8,;.-!c!m'Y`C6;(!
E(-(A!,A./+*(!
!

RZ)!

T$!SEZYA!

z%Q!SEZYA!

%Tc%Q!SEZYA!

y%T!SEZY!
!

^N! U(*+;!8,;.-!c!
[A+98,(A-'!,n:;.C(!
L.9C;6H'9*(!-+d.M!
^T! U(*+;!8,;.-!c<.C.C;'-+!

%r!

zI$r!

B;!E(*+;!8,;.-!9(!'8! B;!E(*+;!8,;.-!
G'9'A+!,A(:;'E+8!
+,A(,.+*(!H!
*'!868-'9-+:.;.*+*!
,A'8'9-+!
+!C(A-(!,;+4(!
,A(:;'E+8!*'!
868-'9-+:.;.*+*!+!
E'*.(!-iAE.9(!
N$cI$r!
yN$r!

RZ)!

^I! U(*+;!8,;.-!c!)!3.'!

RZ)!

J1#6.231/0!
<7?273!

^_! K;(-+!6-.;.4+9*(!
C(E:68-.:;'8!
+;-'A9+-./(8!

%$$r!

z!%$r!

%c%$r!
!

y%r!
!

(0^917:#:!
=7#<!
!

^^! m.C-.E+8!E(A-+;'8!,(A!
+CC.*'9-'8!*'!-AbF.C(!
C+*+!%$$P$$$!
Y+:.-+9-'8!

QQ$!

y%$!
!

%$c#$!
!

z#$!
!

'36^0./7>6!
=04759<#1!

!
m';(C.*+*!E'*.+!'9!
_$!SEZYA!
/`+8!,A.9C.,+;'8!
!
^Q! 3(;`-.C+8!H!,AbC-.C+8!,+A+! $!L9(M!
;+!G'8-.D9!+*'C6+*+!*'!;+!
*'E+9*+!+C-./+E'9-'!
.E,;'E'9-+*+8!

%IcN$!SEZY!

y%I!SEZY!
!
R(!'d.8-'!69!
,;+9!*'!G'8-.D9!
*'!*'E+9*+!*'!
-AbF.C(!

%r!
!

B;!E(*+;!8,;.-!'8!
+,A(,.+*(!H!
868-'9-+:;'!,+A+!;+!
C.6*+*!
!

zN$!SEZY!
!
3;+9!*'!G'8-.D9!*'!;+!
*'E+9*+!*'!-AbF.C(!
+C-./+E'9-'!
.E,;'E'9-+*(!

3;+9!*'!G'8-.D9!
+,A(:+*(!,'A(!9(!
8.'9*(!
.E,;'E'9-+*(!
+*'C6+*+E'9-'!

^V! |9*.C'!*'!-.'E,(!*'!
/.+X'!,A./+*(!

76A!TI!U.9P0!R(A-'!N$!
U.9P!

y!N$!E.9!
!

N$c_$!E.9!
!

z!_$!E.9!
!

Q$! |9*.C'!*'!-.'E,(!*'!
/.+X'!,n:;.C(!

76A!_$!U.9P0!R(A-'!T$!
U.9P!

y!N$!E.9!

N$c_$!E.9!

z!_$!E.9!

Q%! 2+9-.*+*!*'!/'Y`C6;(8!
,A./+*(8!,'A!Cb,.-+!

%P#I!/'Y`C6;(8!,'A!
Cb,.-+!

y!$PN!
!

$PNc$PT!
!

z!$PT!
!

K6'9-'!*'!*+-(8J!

U+,.9F(!

@'G;+E'9-(!*'![Ab98.-(!'9!m.G(A!3+A+!B;!U69.C.,.(!>'!1+!3+4!<27!L#$$_M!

>',+A-+E'9-(!*'!=9F(AEb-.C+!*'!;+!>.A'CC.D9!&'9'A+;!*'!7'G6A.*+*!36:;.C+0!3(;.C.+;!3A'/'9-./(!H!U69.C.,+;!L#$%%M!

B8-+*`8-.C+8!*'!)CC.*'9-'8!L#$%%M!

@'G;+E'9-(!*'![Ab98.-(!'9!m.G(A!,+A+!';!U69.C.,.(!*'!1+!3+4!<27!L#$$_M!!

2Y'f6'+*(A'8!*'![.'E,(!*';![A+98,(A-'!3n:;.C(!*'!3+8+X'A(8!L#$%%M!
!

!@'86;-+*(J!3+A+!';!-'E+![A+98,(A-'!';!N$r!*'!;(8!.9*.C+*(A'8!LN!*'!%$M!8(9!8'EbF(A(!/'A*'0!I$r!!LI!*'!%$M!8(9!!
!

8'EbF(A(!A(X(!H!';!#$r!A'8-+9-'!L#!*'!%$M!8(9!8'EbF(A(!+E+A.;;(P!
!

!
TI!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!1+!3+4!5!2.6*+*!7(8-'9.:;'!*';!<=>!!?!@',(A-'!B/+;6+C.D9!,(A!=9*.C+*(A'8!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"!#$%#!&'()*+,-./'0!112!!

!
,7?06.7>6&!7(8-'9.:.;.*+*!WA:+9+!
J0?#&!2(E,'-.-./.*+*!*'!;+!BC(9(E`+!
(98/0?#.!

]!

+6:75#:31!

;0.9</#:3! Q01:0!

C?#17<<3!

;3S3!

;0^9<#57>6!:0!
60^3573.!0!76=01.7>6!

Q#!

>`+8!,+A+!(:-'9'A!;.C'9C.+8!
*'!'d,;(-+C.D9!

N!*`+8!

%#c#$!
!

z#$!
!

L3?06/3!:0!60^3573.!
0!76=01.7>6!
!

QN!

Bd.8-'9C.+!*'!,;+-+F(AE+!
;(G`8-.C+!
!

$!L9(M!

y%#!
!
Bd.8-'!69+!
,;+-+F(AE+!
;(G`8-.C+!*.8'a+*+!
'!.E,;'E'9-+*+!
,+A+!-A+98,(A-'8!
E+A`-.E(80!
+iA'(8!H!
-'AA'8-A'8!

Bd.8-'!69+!
R(!'d.8-'!69+!
,;+-+F(AE+!
,;+-+F(AE+!;(G`8-.C+!
;(G`8-.C+!*.8'a+*+! *.8'a+*+!
,+A+!+;!E'9(8!69! !
-.,(!*'!
-A+98,(A-'!
LE+A`-.E(0!+iA'(!
(!-'AA'8-A'M!

(0?PY313!
!

;0.236.#87<7:#:!
.357#<!O!053<>^75#!

QT!

=9*68-A.+8!;(C+;'8!C(9!
C'A-.F.C+*(!=7j!%TP$$$!

QP__r!
!

zIr!
!

NcIr!
!

yNr!
!

$13:95/3!819/3!

QI!

3=<!,'A!Cb,.-+!
!

z#$P$$$!
!

%$P$$$c#$P$$$!
!

y!%$P$$$!
!

Q_!

|9*.C'!*'!*./'A8.F.C+C.D9!
!

s%##0#%%!
LW7s!,'A!
Cb,.-+M!
^Nr!

y%Ir!*';!3=<!
C(9C'9-A+*(!'9!%!
8'C-(A!
!

B9-A'!%I!H!TIr!
*';!3=<!
C(9C'9-A+*(!'9!%!
8'C-(A!

zTIr!*';!3=<!
C(9C'9-A+*(!'9!69!
8'C-(A!
!

!
K6'9-'!*'!*+-(8J!

=98-.-6-(!U'd.C+9(!,+A+!;+!2(E,'-.-./.*+*0!L=U2jM!

=98-.-6-(!R+C.(9+;!>'!B8-+*`8-.C+!\!&'(GA+F`+!L=RB&=MJ!2'98(!BC(9DE.C(!L#$%$M!

!
!@'86;-+*(J!3+A+!';!-'E+!2(E,'-.-./.*+*!*'!;+!BC(9(E`+!';!T$r!*'!;(8!.9*.C+*(A'8!LN!*'!IM!8(9!8'EbF(A(!/'A*'0!!
!

!
!!

';!_$r!A'8-+9-'!L#!*'!IM!8(9!8'EbF(A(!A(X(P!

!
,7?06.7>6&!7(8-'9.:.;.*+*!WA:+9+!
J0?#&!BE,;'(!
(98/0?#.!

]!

+6:75#:31!

;0.9</#:3!

Q01:0!

C?#17<<3!

;3S3!

(0?PY313!

,0.0?2<03!
!

Q^!

[+8+!*'!*'8'E,;'(!
!

TPTr!

y^r!
!

^!c!%#!r!
!

z%#!r!
!

-?2<03!76Y31?#<!
!

QQ!

BE,;'(!.9F(AE+;!C(E(!r!
*';!'E,;'(!-(-+;!

%^PVr!

y#$r!
!

#$!c!NI!r!
!

zNI!r!
!

K6'9-'!*'!*+-(8J!

=98-.-6-(!U'd.C+9(!,+A+!;+!2(E,'-.-./.*+*0!L=U2jM!L#$%#M!
!

!@'86;-+*(J!3+A+!';!-'E+!BE,;'(!%$$r!*'!;(8!.9*.C+*(A'8!L#!*'!#M!8(9!8'EbF(A(!/'A*'P!
!!
!

!
!
!
!

"!#$%#!&'()*+,-./'0!112!

!!1+!3+4!5!2.6*+*!7(8-'9.:;'!*';!<=>!!?!@',(A-'!B/+;6+C.D9!,(A!=9*.C+*(A'8!!!!!

!!!!!T_!!!!

!
,7?06.7>6&!7(8-'9.:.;.*+*!WA:+9+!
J0?#&!2(9'C-./.*+*!
(98/0?#.!

]!

+6:75#:31!

QV!

2(9'd.(9'8!+!.9-'A9'-!,(A!
:+9*+!+9CY+!C+*+!%$$!
,'A8(9+8!

V$!

+6/0160/!

J0<0Y36R#!

V%!

;0.9</#:3!

Q01:0!

C?#17<<3!

;3S3!

N%!

z!#$!

%$c#$!

y!%$!

2(9'd.(9'8!+!.9-'A9'-!
ED/.;!,(A!:+9*+!+9CY+!
C+*+!%$$!,'A8(9+8!

%$PI!

z!#$!

%$c#$!

y!%$!

[';iF(9(8!C+*+!%$$P$$$!
,'A8(9+8!LF.X(8M!

%^P%%!

z!%$$P$$$!

Q$P$$$c
%$$P$$$!

y!Q$P$$$!

[';iF(9(8!C+*+!%$$P$$$!
,'A8(9+8!LED/.;'8M!

%N$0$#%!

z!%$$P$$$!

Q$P$$$c
%$$P$$$!

y!Q$P$$$!

(0?PY313!
!

!
!
!

K6'9-'!*'!*+-(8J!

=98-.-6-(!U'd.C+9(!,+A+!;+!2(E,'-.-./.*+*0!L=U2jM!L#$%#M!

2(E.8.D9!K'*'A+;!>'![';'C(E69.C+C.(9'8!L2jKB[B1M!L#$$QM!
!
!!

!@'86;-+*(J!3+A+!';!-'E+!2(9'C-./.*+*!';!I$r!*'!;(8!.9*.C+*(A'8!L#!*'!TM!8(9!8'EbF(A(!/'A*'0!';!#Ir!L%!*'!TM!8(9!!
!!

8'EbF(A(!+E+A.;;(!!H!';!A'8-+9-'!#Ir!8(9!8'EbF(A(!A(X(P!

!
,7?06.7>6&!7(8-'9.:.;.*+*!WA:+9+!
J0?#&!B*6C+C.D9!
(98/0?#.!

]!

+6:75#:31!

;0.9</#:3!

Q01:0!

C?#17<<3!

;3S3!

(0?PY313!

'#<7:#:!0:95#/7=#!
!

V#!

2+;.*+*!'*6C+-./+!
!

%VP_!

y!%IJ%!
!

B9-A'!%IJ%!H!
#IJ%!

z!#IJ%!
!

VN!

3(:;+C.D9!'9!'*+*!'8C(;+A!
A'G.8-A+*+!'9!'8C6';+!
LE'9(A'8!*'!%#!+a(8M!

VQPT_!

VQ!c!%$$!
!

VI!c!VQ!
!

y!VI!
!

VT!

3(:;+C.D9!'9!'*+*!'8C(;+A!
A'G.8-A+*+!'9!'8C6';+!L%#!+!
%I!+a(8M!

QQPN$!

V^c%$$!
!

V$!c!V^!
!

y!V$!
!

VI!

3(:;+C.D9!'9!'*+*!'8C(;+A!
A'G.8-A+*+!'9!'8C6';+!L%I!+!
%Q!+a(8M!

RZ)!

V_!

m+C+9-'8!69./'A8.-+A.+8!
C+*+!%$$P$$$!,'A8(9+8!

I0Q$V!

z!I$$$!

#I$$cI$$$!

y!#I$$!

C.7./0657#!0.53<#1!

-:95#57>6!.9201731!
!

K6'9-'!*'!*+-(8J!

e6.9-(!.9F(AE'!*'!&(:.'A9(P!7'CA'-+A.+!*'!B*6C+C.D9!L#$%%M!

7'CA'-+A.+!*'!B*6C+C.D9!3n:;.C+!*'!<+X+!2+;.F(A9.+!76A!L7B3c<27M!L#$%$M!
!

@'86;-+*(J!3+A+!';!-'E+!B*6C+C.D9!,(A!C6+9-(!';!I$r!*'!;(8!.9*.C+*(A'8!L#!*'!TM!8(9!8'EbF(A(!/'A*'0!';!#Ir!!L%!*'!!
TM!8(9!8'EbF(A(!A(X(!H!';!#Ir!L%!*'!TM!A'8-+9-'!8(9!8'EbF(A(!+E+A.;;(P!

!
!
!

T^!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!1+!3+4!5!2.6*+*!7(8-'9.:;'!*';!<=>!!?!@',(A-'!B/+;6+C.D9!,(A!=9*.C+*(A'8!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"!#$%#!&'()*+,-./'0!112!!

!
,7?06.7>6&!7(8-'9.:.;.*+*!WA:+9+!
J0?#&!7'G6A.*+*!2.6*+*+9+!
(98/0?#.!

Q73<0657#!

]!

+6:75#:31!

;0.9</#:3!

Q01:0!

C?#17<<3!

;3S3!

V^!

u(E.C.*.(8!C+*+!%$$P$$$!
Y+:.-+9-'8!

NPI^!

y%$!

%$!c!#I!

z#I!

VQ!

@(:(!C(9!/.(;'9C.+!LA+,.a+M!
C+*+!%$$P$$$!Y+:.-+9-'8!

T#PV!!

yN$$!

N$$!c!%$$$!

z%$$$!

VV!

u6A-(!C+*+!%$$P$$$!
Y+:.-+9-'8!

%%#_PT!!

yN$$$!

N$$$!c!I$$$!

zI$$$!

%$$!

u(E.C.*.(8!,'A,'-A+*(8!
,(A!,(:;+C.D9!*'!'9-A'!%T!H!
#T!+a(8!

##r!

y#Ir!

#I!c!T$r!

zT$r!

%$%!

@(:(8!C(9!/.(;'9C.+!LA+,.a+M!
,'A,'-A+*(8!,(A!,(:;+C.D9!
RZ)!
*'!'9-A'!%T!H!#T!+a(8!

!
!

!
!

!
!

%$#!

u6A-(8!,'A,'-A+*(8!,(A!
,(:;+C.D9!*'!'9-A'!%T!H!#T!
+a(8!

RZ)!

!
!

NNr!

y#Ir!

#I!c!T$r!

zT$r!

_Ir!

z!_$r!

N$c_$r!

yN$r!

2(9F.+94+!*'!;+!C.6*+*+9`+!
'9!86!,(;.C`+!

%!L7=M!

1(8!
C.6*+*+9(8!
f6'!CA''9!'9!
;+!Y(9'8-.*+*!
*'!86!,(;.C`+!
8(9!
E+H(A.-+A.(8!

[.'9'9!;6G+A!,A(C'8(8!*'!
,+A-.C.,+C.D9!,+A+!';!*.8'a(!
H!';!E(9.-(A'(!*'!,(;`-.C+8!
;(C+;'8!*'!8'G6A.*+*!L&2=V!
-+AG'-M!

%!

z!_!

%!c!_!

$!

3(;.C`+!C(E69.-+A.+!+C-./+!

%!L7=M!

Bd.8-'!,(;.C`+!
C(E69.-+A.+!
+C-./+!

Bd.8-'!,(;.C`+!
C(E69.-+A.+!,'A(!86!
*'8+AA(;;(!'8!
.9C.,.'9-'!

R(!'d.8-'!,(;.C`+!
C(E69.-+A.+!

%$N!
%$T!

!
'36Y7#6%#!
579:#:#6#!

%$I!

%$_!
!
$#1/7572#57>6!
579:#:#6#!06!<#!
.0^917:#:!
%$^!

=9C.*'9-'8!*'!/.(;'9C.+!
*(Ei8-.C+!
2.6*+*+9(8!f6'!8'!8.'9-'9!
8'G6A(8!

1(8!C.6*+*+9(8!C(9!
(,.9.D9!9'6-A+!8(:A'!
;+!Y(9'8-.*+*!*'!86!
,(;.C`+!8(9!
E+H(A.-+A.(8!

1(8!C.6*+*+9(8!f6'!
9(!CA''9!'9!;+!
Y(9'8-.*+*!*'!86!
,(;.C`+!8(9!
E+H(A.-+A.(8!
!

(0?PY313!
!

K6'9-'!*'!>+-(8J!

3+A-'8!=9F(AE+-./(8!BE.-.*(8!3(A!3'A8(9+;!*'!7'G6A.*+*!*'!;+!>.A'CC.D9!&'9'A+;!*'!7'G6A.*+*!3n:;.C+!3(;.C`+!
3A'/'9-./+!H![Ab98.-(!U69.C.,+;!L#$%%M!

<+8'!*'!>+-(8!*'!1;+E+*+8!@'C.:.*+8!);!RnE'A(!*'!BE'AG'9C.+8!$__!L#$%$M!

=9F(AE+C.D9!&'9'A+*+!3(A!U.9.8-'A.(8!3n:;.C(8!)*8CA.-(8!+!;+!3A(C6A+A`+!*'!h68-.C.+!*';!B8-+*(!*'!<27!L#$%$M!

B9C6'8-+8!*'!3'AC',C.D9!!

3A(GA+E+!3(;.C`+!B8C(;+A0!=9.C.+*(!,(A!;+!>.A'CC.D9!&'9'A+;!*'!7'G6A.*+*!3n:;.C+0!3(;.C`+!3A'/'9-./+!H![Ab98.-(!
U69.C.,+;!L#$%%M!

@'G;+E'9-(!*'!;+!)*E.9.8-A+C.D9!3n:;.C+!U69.C.,+;!*'!1+!3+40!<+X+!2+;.F(A9.+!76A!H!@'G;+E'9-(!=9-'A.(A!>'!1+!
>.A'CC.D9!&'9'A+;!*'!7'G6A.*+*!3n:;.C+0!3(;.C`+!3A'/'9-./+!H![Ab98.-(!U69.C.,+;!
!
!

@'86;-+*(J!3+A+!';!-'E+!7'G6A.*+*!2.6*+*+9+!,(A!C6+9-(!';!IIPIr!*'!;(8!.9*.C+*(A'8!LI!*'!VM!8(9!8'EbF(A(!/'A*'0!!
!
';!NNPNr!LN!*'!VM!8(9!8'EbF(A(!+E+A.;;(!H!';!A'8-+9-'!%%P#r!L%!*'!VM!8(9!8'EbF(A(!!A(X(!

"!#$%#!&'()*+,-./'0!112!

!!1+!3+4!5!2.6*+*!7(8-'9.:;'!*';!<=>!!?!@',(A-'!B/+;6+C.D9!,(A!=9*.C+*(A'8!!!!!

!!!!!TQ!!!!

!
,7?06.7>6&!7(8-'9.:.;.*+*!WA:+9+!
J0?#&!7+;6*!
(98/0?#.!

B7=0<!:0!.#<9:!

$13=7.7>6!:0!
.01=7573.!:0!.#<9:!

]!

+6:75#:31!

;0.9</#:3!

Q01:0!

C?#17<<3!

;3S3!

(0?PY313!

%$Q!

B8,'A+94+!*'!/.*+!
E+8C6;.9+!

^NPQ!
+a(8!

z!^$!

_$c^$!

y!_$!

%$V!

B8,'A+94+!*'!/.*+!
F'E'9.9+!

^QP_!+a(8!

z!^_!

__c^_!

y!__!

%%$!

[+8+!*'!E(A-+;.*+*!*'!
9.a(8!E'9(A'8!*'!I!+a(8!

%^r!

y!%P%Ir!

%P%Ic%P^%r!

z!%P^%r!

%%%!

Ui*.C(8!C+*+!%P$$$!
,'A8(9+8!

#PV!

z!#!

$P^I!c!#!

y!$P^I!

%%#!

2+E+8!*'!Y(8,.-+;!C+*+!
%$$P$$$!,'A8(9+8!

RZ)!

!
!
!
!

K6'9-'!*'!*+-(8J!

=98-.-6-(!R+C.(9+;!*'!B8-+*`8-.C+!H!&'(GA+F`+!L=RB&=M!L#$%$M!

26+*'A9(!*'!>+-(8!<b8.C(8!LF6'9-'!(A.G.9+;!7'CA'-+A`+!*'!7+;6*!c77)M!L#$%$M!

=98-.-6-(!*'!7+;6*!*';!&(:.'A9(!*';!B8-+*(!LN%!>.C.'E:A'!#$$VM!

!
!@'86;-+*(J!3+A+!';!-'E+!7+;6*!';!^Ir!*'!;(8!.9*.C+*(A'8!LN!*'!TM!8(9!8'EbF(A(!!/'A*'!!H!';!A'8-+9-'!#Ir!L%!*'!TM!8(9!!
!

8'EbF(A(!A(X(!

!
!
!

TV!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!1+!3+4!5!2.6*+*!7(8-'9.:;'!*';!<=>!!?!@',(A-'!B/+;6+C.D9!,(A!=9*.C+*(A'8!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"!#$%#!&'()*+,-./'0!112!!

!
,7?06.7>6&!7(8-'9.:.;.*+*!K.8C+;!H!&(:.'A9(!
J0?#&!&'8-.D9!3n:;.C+!3+A-.C.,+-./+!
(98/0?#.!

!
$#1/7572#57>6!
579:#:#6#!06!<#!
2<#60#57>6!:0!
<#!^0./7>6!
2b8<75#!:0!
^3870163!

]!

+6:75#:31!

;0.9</#:3!

Bd.8-'9C.+!*'!,A(C'8(!
%%N! *'!,;+9.F.C+C.D9!
,+A-.C.,+-./+!

Bd.8-'9C.+!*'!
,A'86,6'8-(!
%%T!
,+A-.C.,+-./(!
!

$!L9(M!

$!L9(M!

$#1/7572#57>6!
579:#:#6#!06!<#!
7'8.(9'8!*'!
#9:7/317#!:0!<#! %%I! A'9*.C.D9!,n:;.C+!*'!
^0./7>6!2b8<75#!
C6'9-+8!,(A!+a(!!
:0!^3870163!
!

%!

Q01:0!

C?#17<<3!

;3S3!

Bd.8-'!,;+9.F.C+C.D9!
,+A-.C.,+-./+!C(9J!+M!E+AC(!
;'G+;!9+C.(9+;!(!86:c
9+C.(9+;g!:M!C(986;-+8!+!
8(C.'*+*!C./.;g!CM!(,.9.(9'8!
A'C(G.*+8!E'-D*.C+E'9-'g!
*M!*.F68.D9!,n:;.C+!*'!
A'86;-+*(8g!'M!=9C(A,(A+C.D9!
'9!;(8!(:X'-./(8!H!E'-+8!*';!
,;+9P!!!
3+A-.C.,+C.D9!*'!;+!8(C.'*+*!
C./.;!'9!;+!*'F.9.C.D9!*'!+;!
E'9(8!%$r!*';!E(9-(!-(-+;!
*';!,A'86,6'8-(!
!

Bd.8-'!,;+9.F.C+C.D9!
,+A-.C.,+-./+!f6'!C6E,;'!C(
+;!E'9(8!*(8!*'!;(8!,69-(8!
+9-'A.(A'8!
!

R(!'d.8-'!
!
,;+9.F.C+C.D9!
,+A-.C.,+-./+!
!

3+A-.C.,+C.D9!*'!;+!
8(C.'*+*!C./.;!'9!;+!
*'F.9.C.D9!*'!69!E(9-(!
E'9(A!+;!%$r!*';!-(-+;!*';!
,A'86,6'8-(!

R(!'d.8-'!
,A'86,6'8-(!
,+A-.C.,+-./(!
!

U+8!*'!69+!A'9*.C.D9!+96+;!
*'!C6'9-+8!
!

W9+!A'9*.C.D9!+96+;!*'!
C6'9-+8!
!

R(!'d.8-'!
A'9*.C.D9!+96+;!
*'!C6'9-+8!
!

(0?PY313!

K6'9-'!*'!*+-(8J!9Z+!
!
!!
! @'86;-+*(J!3+A+!';!-'E+!&'8-.D9!3n:;.C+!3+A-.C.,+-./+!';!_^r!!L#!*'!NM!*'!;(8!.9*.C+*(A'8!8(9!8'EbF(A(!+E+A.;;(0!H!!
';!A'8-+9-'!NNr!L!%!*'!NM!8(9!8'EbF(A(!A(X(P!!
!!
!
!

"!#$%#!&'()*+,-./'0!112!

!!1+!3+4!5!2.6*+*!7(8-'9.:;'!*';!<=>!!?!@',(A-'!B/+;6+C.D9!,(A!=9*.C+*(A'8!!!!!

!!!!!I$!!!!

!
,7?06.7>6&!7(8-'9.:.;.*+*!K.8C+;!H!&(:.'A9(!
J0?#&!&'8-.D9!3n:;.C+!U(*'A9+!
(98/0?#.!

]!

+6:75#:31!

Bd.8-'9C.+!*'!,A(C'8(!
%%_! *'!6,c:6*G'-.9G!
,;6A.+96+;!

!
$1350.3.!
?3:0163.!:0!
B/+;6+C.D9!xE'-A.Cc
^0./7>6!2b8<75#!
:+8'*x!*'!;+!
:0!^3870163!
%%^! +C-6+C.D9!,A(F'8.(9+;!
*';!,'A8(9+;!
!

!
(7./0?#.!
?3:0163.!:0!
^0./7>6!2b8<75#!
:0!^3870163!

Bd.8-'9C.+!*'!
8.8-'E+8!';'C-AD9.C(8!
%%Q! *'!A'9*.C.D9!*'!
C6'9-+8!
!

Bd.8-'9C.+!*'!
%%V! 8.8-'E+8!';'C-AD9.C(8!
*'!+*f6.8.C.(9'8!

;0.9</#:3! Q01:0!

C?#17<<3!

;3S3!
3A'86,6'8-(8!
-(,c*(O9!
n9.C+E'9-'!,+A+!
%!+a(!

$!L9(M!

3A'86,6'8-(!x:(--(E!6,xg!
,A(H'CC.(9'8!,+A+!Eb8!*'!69!
+a(!'d.8-'9!

3A'86,6'8-(!C(9!'9F(f6'!
x:(--(E!6,x!H!x-(,!
*(O9x!E'4C;+*(80!8D;(!
,+A+!%!+a(!

$!L9(M!

Bd.8-'!69+!8.8-'E+!*'!
'/+;6+C.D9!*';!*'8'E,'a(!
*';!,'A8(9+;!f6'!8'!A'+;.4+!
+96+;E'9-'!H!C6H(8!
A'86;-+*(8!8'!.9C(A,(A+9!+!;+8!
*'C.8.(9'8!*'!
A'E69'A+C.(9'8!
!

Bd.8-'!69+!8.8-'E+!*'!
'/+;6+C.D9!*';!*'8'E,'a(!
*';!,'A8(9+;!,'A(!9(!8'!
A'+;.4+!,'A.D*.C+E'9-'!9.!
868!A'86;-+*(8!8'!
.9C(A,(A+9!+!;+8!*'C.8.(9'8!
*'!A'E69'A+C.(9'8!

$!L9(M!

Bd.8-'!8.8-'E+!*'!A'9*.C.D9!
*'!C6'9-+8!';'C-AD9.C(!(9c
;.9'!f6'!E.*'!A'86;-+*(8!
C(9CA'-(8!*'!G'8-.D9!f6'!8(9!
A',(A-+*(8!+;!E'9(8!69+!/'4!
+;!+a(!
!

Bd.8-'!8.8-'E+!*'!
A'9*.C.D9!*'!C6'9-+8!
';'C-AD9.C(!,'A(!9(!8'!
'9C6'9-A+!(9c;.9'!(!9(!
E.*'!A'86;-+*(8!
C(9CA'-(8!*'!G'8-.D9!(!
8'!A',(A-+9!C(9!69!
A'4+G(!C(98.*'A+:;'!

R(!'d.8-'!
8.8-'E+!*'!
A'9*.C.D9!*'!
C6'9-+8!
';'C-AD9.C(!
!

$!L9(M!

Bd.8-'!69!8.8-'E+!';'C-AD9.C(!
*'!+*f6.8.C.(9'8!(9c;.9'!
+:.'A-(!+;!,n:;.C(!
!

Bd.8-'!69!8.8-'E+!
';'C-AD9.C(!*'!
+*f6.8.C.(9'8!,'A(!9(!
8'!'9C6'9-A+!(9c;.9'!

R(!'d.8-'!69!
8.8-'E+!
';'C-AD9.C(!*'!
+*f6.8.C.(9'8!

R(!'d.8-'!69+!
8.8-'E+!*'!
'/+;6+C.D9!*';!
*'8'E,'a(!*';!
,'A8(9+;!!
!

(0?PY313!
!

K6'9-'!*'!*+-(8J!9Z+!

!
!

@'86;-+*(J!3+A+!';!-'E+!&'8-.D9!36:;.C+!U(*'A9+!%$$r!*'!;(8!.9*.C+*(A'8!LT!*'!TM!8(9!8'EbF(A(!A(X(P!
!

!!
!
!

,7?06.7>6&!7(8-'9.:.;.*+*!K.8C+;!H!&(:.'A9(!
J0?#&![A+98,+A'9C.+!
(98/0?#.!

]!

+6:75#:31!

;0.9</#:3!

Q01:0!

C?#17<<3!

;3S3!

RZ)!

#^P#^r!

%$$r!

^Ir!(!%$$r!,'A(!9(!
+6*.-+*(!,(A!69+!
(AG+9.4+C.D9!,A./+*+!
.9*','9*.'9-'!

y!^Ir!
!

!
!
!
!

RZ)!

%#$! |9*.C'!*'!-A+98,+A'9C.+! RZ)!


26'9-+8!*'!;+!
%#%! E69.C.,+;.*+*!
+6*.-+*+8!
!
26'9-+8!*'!'E,A'8+8!
J1#6.2#10657#!O!
E69.C.,+;'8!
%##!
#9:7/31R#!:0!<#!
+6*.-+*+8!,(A!69!
^0./7>6!2b8<75#!
-'AC'A(!
:0!^3870163!
Bd.8-'9C.+!*'!
8.8-'E+8!';'C-AD9.C(8!
%#N! ,+A+!';!8'G6.E.'9-(!
*'!;+!G'8-.D9!*'!;+!
E69.C.,+;.*+*!

(0?PY313!

K6'9-'!*'!*+-(8J!9Z+!

!
@'86;-+*(J!3+A+!';!-'E+![A+98,+A'9C.+!';!%$$r!*'!;(8!.9*.C+*(A'8!L%!*'!%M!8(9!8'EbF(A(!A(X(P!
,7?06.7>6&!7(8-'!
!

9.:.;.*+*!K.8C+;!H!&(:.'A9(!
I%!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!1+!3+4!5!2.6*+*!7(8-'9.:;'!*';!<=>!!?!@',(A-'!B/+;6+C.D9!,(A!=9*.C+*(A'8!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"!#$%#!&'()*+,-./'0!112!!

!
,7?06.7>6&!7(8-'9.:.;.*+*!K.8C+;!H!&(:.'A9(!
J0?#&!=E,6'8-(8!H!)6-(9(E`+!K.9+9C.'A+!
(98/0?#.!

]!

+6:75#:31!

;0.9</#:3!

Q01:0!

C?#17<<3!

;3S3!

%#^!

=9GA'8(8!,A(,.(8!C(E(!
,(AC'9-+X'!*'!.9GA'8(8!
-(-+;'8!
!

T_r!

z!^$r!

I$c^$r!

y!I$r!

=E,6'8-(8!+!;+!,A(,.'*+*!
C(E(!,(AC'9-+X'!*'!
.9GA'8(8!-(-+;'8!
!

%%r!

z!^$r!

I$c^$r!

y!I$r!

%#V!

=9GA'8(8!F.8C+;'8!,'A!Cb,.-+!
!

N0$#QPT%!W7s!!

z!N$$!

%$$cN$$!

y!%$$!

%N$!

=9GA'8(8!,(A!F6'9-'J!
.E,6'8-(8!-(-+;'8!

%_r!
3(C+!
*','9*'9C.+!*'!
+C-(A'8!
'd-'A9(8P!!
[A+98F'A'9C.+8!
9+C.(9+;'8!H!
*(9+9-'8!
'd-'A9(8!9(!
86E+9!Eb8!*';!
N$r!*'!;+8!
F6'9-'8P!

>','9*'9C.+!
E'*.+!*'!
+C-(A'8!
'd-'A9(8P!
[A+98F'A'9C.+8!
9+C.(9+;'8!H!
*(9+9-'8!
'd-'A9(8!
86E+9!'9-A'!
';!N$r!!H!';!
I$r!*'!;+8!
F6'9-'8P!
!

>','9*.'9-'!*'!
+C-(A'8!'d-'A9(8P!
[A+98F'A'9C.+8!
9+C.(9+;'8!H!
*(9+9-'8!'d-'A9(8!
86E+9!Eb8!*';!I$r!
*'!;+8!F6'9-'8P!
!
!
!
!

!
+6^10.3.!0!7?290./3.! %#Q!
?967572#<0.!

!
L906/0.!:0!76^10.3.!

%N%!

=9GA'8(8!,(A!F6'9-'J!
-A+98F'A'9C.+8!9+C.(9+;'8!
!

ITr!

%N#!

=9GA'8(8!,(A!F6'9-'J!
*(9+9-'8!'d-'A9(8!
!

$P$_r!
!

%NN!

=9GA'8(8!,(A!F6'9-'J!(-A(8!

#r!
!

%NT!

[A+98F'A'9C.+8!C(9!68(!
'8,'C`F.C(!+8.G9+*(!C(E(!
,(AC'9-+X'!*';!-(-+;!*'!
-A+98F'A'9C.+8!

#$r!

y!I$r!

I$c^$r!

z!^$r!

=E,6'8-(8!A'C+6*+*(8!
C(E(!,(AC'9-+X'!*'!;(8!
.E,6'8-(8!F+C-6A+*(8!
!

%_r!

z!^$r!

I$c^$r!

y!I$r!

N0./7>6!:0!5381#6%#! %NI!

(0?PY313!

!
K6'9-'!*'!*+-(8J!

26'9-+!36:;.C+!L9(/.'E:A'!#$%%M!

=98-.-6-(!R+C.(9+;!>'!B8-+*`8-.C+!\!&'(GA+F`+!L=RB&=M!L#$%$M!

!
! @'86;-+*(J!3+A+!';!-'E+!=E,6'8-(8!H!)6-(9(E`+!K.9+9C.'A+!';!I_r!*'!;(8!.9*.C+*(A'8!LI!*'!VM!8(9!8'EbF(A(!/'A*'0!!
!

H!';!A'8-+9-'!TTr!*'!;(8!.9*.C+*(A'8!LT!*'!VM!8(9!8'EbF(A(!A(X(P!

!!
!
!
!

"!#$%#!&'()*+,-./'0!112!

!!1+!3+4!5!2.6*+*!7(8-'9.:;'!*';!<=>!!?!@',(A-'!B/+;6+C.D9!,(A!=9*.C+*(A'8!!!!!

!!!!!I#!!!!

!
,7?06.7>6&!7(8-'9.:.;.*+*!K.8C+;!H!&(:.'A9(!
J0?#&!U+9'X(!*'!&+8-(!
(98/0?#.!

]!

+6:75#:31!

Bd.8-'9C.+!*'!.9*.C+*(A'8!
C;+/'!*';!*'8'E,'a(!H!
E'-+8!,+A+!8'G6.E.'9-(!
%N_!
*'!'X'C6C.D9!*';!
,A'86,6'8-(!
!
3A'86,6'8-(!:A6-(!

!
'36/13<!:0<!
^#./3!

;3S3!

Bd.8-'9!.9*.C+*(A'8!
*'!*'8'E,'a(!H!
E'-+8!8.9!
8'G6.E.'9-(!
,'A.D*.C(!(!868!
A'86;-+*(8!9(!8'!
.9C(A,(A+9!'9!';!
,A'86,6'8-(!
8.G6.'9-'!

R(!'d.8-'9!
.9*.C+*(A'8!*'!
*'8'E,'a(!H!E'-+8!
,+A+!';!8'G6.E.'9-(!
,A'86,6'8-+;!
!

B;!,A'86,6'8-(!*'!
C+,.-+;!'8!E+H(A!+;!#Ir!

B;!,A'86,6'8-(!*'!
C+,.-+;!8'!'9C6'9-A+!
'9-A'!';!%I!H!';!#Ir!

B;!,A'86,6'8-(!*'!
C+,.-+;!'8!E'9(A!+;!
%Ir!

%#PV^r!
+96+;!

1+!-+8+!*'!CA'C.E.'9-(!
A'+;!+96+;!'8!E'9(A!+;!
#r!(!9'G+-./+!
!

1+!-+8+!*'!
CA'C.E.'9-(!A'+;!
+96+;!8'!'9C6'9-A+!
'9-A'!';!#r!H!';!Ir!!

%$PTQr!
+96+;!

1+!-+8+!*'!CA'C.E.'9-(!
A'+;!+96+;!'8!86,'A.(A!+;!
Ir!
!

1+!-+8+!*'!
CA'C.E.'9-(!A'+;!
+96+;!8'!'9C6'9-A+!
'9-A'!';!#r!H!';!Ir!!

RZ)!
!

%!L7`M!

Ub8!*';!Q$r!*'!;(8!
,A(GA+E+8!*';!
,A'86,6'8-(!H!';!,;+9!
*'!*'8+AA(;;(!(!
G(:.'A9(!*'!;+!C.6*+*!
C(.9C.*'9!
!

B9-A'!69!#$r!H!Q$r!
*'!;(8!,A(GA+E+8!
*';!,A'86,6'8-(!H!';!
,;+9!*'!*'8+AA(;;(!(!
G(:.'A9(!*'!;+!
C.6*+*!C(.9C.*'9!

U'9(8!*';!#$r!*'!
;(8!,A(GA+E+8!*';!
,A'86,6'8-(!H!';!
,;+9!*'!*'8+AA(;;(!*'!
;+!C.6*+*!C(.9C.*'90!
(!:.'9!9(!'d.8-'!,;+9!
!

c%Ir!
!

z!!%$$r!
!

z!I$r!
!

y!I$r!
!

RZ)!
!

RZ)!
!

$!L9(M!

^Vr!
!

3A'86,6'8-(!:A6-(!*'!
%NQ!
C+,.-+;!!

$P$Nr!
!

[+8+!*'!CA'C.E.'9-(!

%T$! +96+;!*';!G+8-(!*'!C+,.-+;!
!

&+8-(!*'!;+!.9/'A8.D9!F.X+!

%T%! :A6-+!C(E(!,(AC'9-+X'!
*';!3=<!

B;!,A'86,6'8-(!'8-b!
+;.9'+*(!C(9!;+!
,;+9.F.C+C.D90!;(8!
%T#!
(:X'-./(8!H!;(8!
.9*.C+*(A'8!
!
@'C6,'A+C.D9!*'!C(8-(8!

%TN! *'!'E,A'8+8!,n:;.C+8!*'!
!
C^0657#.!O!
0?210.#.!
2b8<75#.!

C?#17<<3!

%N^! (,'A+-./(!!

[+8+!*'!CA'C.E.'9-(!
%NV! +96+;!*';!G+8-(!(,'A+-./(!
!

!
+6=01.7>6!
2b8<75#!
?967572#<!

;0.9</#:3! Q01:0!

,A(/.8.D9!*'!8'A/.C.(8!

)G'9C.+8!,n:;.C+8!C6H+8!

%TT! C6'9-+8!8(9!+6*.-+*+8!
,(A!69!-'AC'A(!

)G'9C.+8!,n:;.C+8!f6'!

%TI! A'+;.4+9!A'8,(98+:.;.*+*!
,n:;.C+!

Bd.8-'9!.9*.C+*(A'8!*'!
*'8'E,'a(!H!E'-+8!
C(9!8'G6.E.'9-(!
,'A.D*.C(!H!868!
A'86;-+*(8!8'!
.9C(A,(A+9!'9!';!
,A'86,6'8-(!8.G6.'9-'!
!

1+!-+8+!*'!
CA'C.E.'9-(!A'+;!
+96+;!'8!86,'A.(A!+;!
Ir!
!
1+!-+8+!*'!
CA'C.E.'9-(!A'+;!
+96+;!'8!E'9(A!+;!
#r!(!9'G+-./+!
!

(0?PY313!

!
!

!
!

!
K6'9-'!*'!*+-(8J!

26'9-+!36:;.C+!L9(/.'E:A'!#$%%M!

=98-.-6-(!R+C.(9+;!>'!B8-+*`8-.C+!\!&'(GA+F`+!L=RB&=M!L#$%$M!

76:*.A'CC.D9!*'!2(9-+:.;.*+*!
!

! @'86;-+*(J!3+A+!';!-'E+!U+9'X(!*'!&+8-(!';!#Vr!*'!;(8!.9*.C+*(A'8!L#!*'!^M!8(9!8'EbF(A(!/'A*'0!H!!';!%Tr!L%!*'!^M!!
*'!;(8!8'EbF(A(8!8(9!+E+A.;;(!H!';!A'8-+9-'!I^r!*'!;(8!.9*.C+*(A'8!LT!*'!^M!8(9!8'EbF(A(!A(X(P!
!
!
!

IN!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!1+!3+4!5!2.6*+*!7(8-'9.:;'!*';!<=>!!?!@',(A-'!B/+;6+C.D9!,(A!=9*.C+*(A'8!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"!#$%#!&'()*+,-./'0!112!!

!
,7?06.7>6&!7(8-'9.:.;.*+*!K.8C+;!H!&(:.'A9(!
J0?#&!3+8./(8!2(9-.9G'9-'8!
(98/0?#.!

]!

+6:75#:31!

%T_!

)C-./(8!+C6E6;+*(8!*'!
,'98.D9!Z!(:;.G+C.(9'8!
C(AA'8,(9*.'9-'8!+!
,'98.D9!

!
$06.7360.!
?967572#<0.!
!
'36/13<!:0!
%TQ!
2#.7=3.!
536/76^06/0.!

;0.9</#:3!

3A.9C.,+;'8!,+8./(8!
C(9-.9G'9-'8!C(E(!
,(AC'9-+X'!*'!,+8./(8!
-(-+;'8!

RZ)!

RZ)!
!

Q01:0!

C?#17<<3!

;3S3!

(0?PY313!
!

K6'9-'!*'!*+-(8J!9Z+!

! @'86;-+*(J!B;!-'E+!3+8./(8!2(9-.9G'9-'8!9(!,(8''!.9*.C+*(A'8!C(9!*+-(8!
!
!
!

!
,7?06.7>6&!7(8-'9.:.;.*+*!K.8C+;!H!&(:.'A9(!
J0?#&!>'6*+!
(98/0?#.!

]!

+6:75#:31!

;0.9</#:3!

%TV!

2('F.C.'9-'!*';!8'A/.C.(!
*'!;+!*'6*+!

>'6*+!-(-+;!C(E(!
%I$! ,(AC'9-+X'!*'!.9GA'8(8!
-(-+;'8!!!!

(3./06787<7:#:!
:0!<#!:09:#!
2A'C.E.'9-(!+96+;!*';!
?967572#<!
%I#! 8'A/.C.(!*'!;+!*'6*+!

%IN!

2A'C.E.'9-(!*'!;+!
*'6*+!

Q01:0!

C?#17<<3!

;3S3!

z!%PI!

%P%!!c!%PI!

y!%P$!

7.E.;+A!+!;+8!C.6*+*'8!
'X'E,;+A'8!L*'!E'X(A'8!
,AbC-.C+8M!'9!';!,+`8!

7.E.;+A!+!;+8!
C.6*+*'8!,+A'8!'9!
';!,+`8!

Ub8!+;-(!'9!
C(E,+A+C.D9!C(9!;+8!
C.6*+*'8!,+A'8!

RZ)!

^PT^r!

1+!-+8+!*'!CA'C.E.'9-(!
A'+;!+96+;!'8!9'G+-./+!

1+!-+8+!*'!
CA'C.E.'9-(!A'+;!
+96+;!8'!'9C6'9-A+!
'9-A'!';!$r!H!';!#r!

1+!-+8+!*'!CA'C.E.'9-(!
A'+;!+96+;!'8!86,'A.(A!
+;!#r!

2('F.C.'9-'!
$P#%!

R(!Y+H!
*'6*+!;'G+;!

(0?PY313!
!
!
!

K6'9-'!*'!*+-(8J!

76:*.A'CC.D9!*'!2(9-+:.;.*+*!

! @'86;-+*(J!3+A+!';!-'E+!*'!>'6*+!';!__r!*'!;(8!.9*.C+*(A'8!L#!*'!NM!!8(9!8'EbF(A(!A(X(!H!';!A'8-+9-'!NNPNNr!!L%!*'!NM!
8(9!8'EbF(A(!+E+A.;;(P!

!
!

!
"!#$%#!&'()*+,-./'0!112!

!!1+!3+4!5!2.6*+*!7(8-'9.:;'!*';!<=>!!?!@',(A-'!B/+;6+C.D9!,(A!=9*.C+*(A'8!!!!!

!!!!!IT!!!!

!
!
!
!
!
!
!
!
!
!

;0.9</#:3.!
II!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!1+!3+4!5!2.6*+*!7(8-'9.:;'!*';!<=>!!?!@',(A-'!B/+;6+C.D9!,(A!=9*.C+*(A'8!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"!#$%#!&'()*+,-./'0!112!!

3.0 RESULTADOS
!

3.1 RESULTADOS DE LA EVALUACIN POR INDICADORES!


B;!*'8+AA(;;(!*'!'8-+!,A.E'A+!F+8'!*'!>.+G9D8-.C(!,(A!=9*.C+*(A'8!Y+!+H6*+*(!+!*'-'C-+A!;+8!bA'+8!f6'!'9!
;+!+C-6+;.*+*!;+!C.6*+*!*'!1+!3+4!,A'8'9-+9!;(8!A'-(8!Eb8!+,A'E.+9-'8!,+A+!+;C+94+A!86!8(8-'9.:.;.*+*P!!!
B8-+8!bA'+8!8'!'d,+9*'9!'9!;+8!-A'8!*.E'98.(9'8!*'!;+!,;+-+F(AE+!2B7!*';!<=>J!7(8-'9.:.;.*+*!)E:.'9-+;!
H!2+E:.(!2;.Eb-.C(0!>'8+AA(;;(!WA:+9(0!H!7(8-'9.:.;.*+*!F.8C+;!H!&(:'A9+:.;.*+*P!!!
>';!-(-+;!*'!;(8!%$Q!.9*.C+*(A'8!'/+;6+*(80!!+!TN!.9*.C+*(A'8!(!T$r!*';!-(-+;!8'!;'8!+8.G9D!69!8'EbF(A(!
A(X(0!+!%^!.9*.C+*(A'8!(!%_r!8'!;'8!+8.G9D!69!8'EbF(A(!+E+A.;;(!H!TQ!.9*.C+*(A'8!(!TTr!*';!-(-+;!!F6'A(9!
C;+8.F.C+*(8!C(9!/'A*'P!B8-(!9(8!.9*.C+!f6'!;+!C.6*+*!8(8-.'9'!69+!:6'9+!G'8-.D9!'9!;+!E+H(A`+!*'!;+8!
bA'+8!'/+;6+*+8g!8.9!'E:+AG(0!.9*.C+!-+E:.i9!;+!9'C'8.*+*!E'X(A+A!;+!G'8-.D9!'9!T$r!*'!';;+8P!!1+!
*.8-A.:6C.D9!*'!;(8!8'EbF(A(8!'9!C+*+!69+!*'!;+8!-A'8!*.E'98.(9'8!'8!;+!8.G6.'9-'P!!

;-(@A-B!+B,+'C,D;-(!!'-(!E!"C!$CFG!AHI+'D!
!
7'EbF(A(!@(X(J!TN!=9*.C+*(A'8!LT$rM!
!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

7'EbF(A(!)E+A.;;(J!%^!=9*.C+*(A'8!L%_rM!

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

7'EbF(A(!m'A*'J!TQ!=9*.C+*(A'8!LTTrM!

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
[(-+;J!%$Q!=9*.C+-(A8!
!

(D(J-B+*"+,C,!CA*+-BJC"!K!

,-(C;;D""D!@;*CBD!

(D(J-B+*+"+,C,!L+('C"!M!

'CA*+D!'"+ACJ+'D!

ND*-;BC*+"+,C,!

%_!=9*.C+*(A'8!LT#rM!

%#!=9*.C+*(A'8!L#QrM!

!!%I!=9*.C+*(A'8!LI_rM!

!!#!=9*.C+*(A'8!LIrM!

!!%%!=9*.C+*(A'8!L#_rM!

!!!T!=9*.C+*(A'8!L%TrM!

#$!=9*.C+*(A'8!LINrM!

!!#$!=9*.C+*(A'8!LT_rM!

!!Q!=9*.C+*(A'8!LN$!rM!

!!!!!!![(-+;!NQ!!L%$$rM!

!!!!!!!!![(-+;!TN!L%$$rM!

!!!!!!!!![(-+;!#^!L%$$rM!

!
2(E(!8'!,6'*'!9(-+A!,(A!;(8!A'86;-+*(80!;+!*.E'98.D9!*'!7(8-'9.:.;.*+*!K.8C+;!H!&(:'A9+:.;.*+*!'8!;+!f6'!
E6'8-A+!E+H(A!,(AC'9-+X'!*'!.9*.C+*(A'8!A(X(8!LI_r!*'!.9*.C+*(A'8!'9!A(X(!(!'f6./+;'9-'!+!%I!*'!;(8!#^!
'/+;6+*(8!,+A+!'8-+!*.E'98.D9MP!!B8-(!,(8.C.(9+!+!;+!*.E'98.D9!*'!7(8-'9.:.;.*+*!K.8C+;!H!&(:'A9+:.;.*+*!
"!#$%#!&'()*+,-./'0!112!

!!1+!3+4!5!2.6*+*!7(8-'9.:;'!*';!<=>!!?!@',(A-'!B/+;6+C.D9!,(A!=9*.C+*(A'8!!!!!

!!!!!I_!!!!

!
C(E(!!,A.(A.-+A.+!,+A+!69+!'/+;6+C.D9!,A(F69*+!H!'8!+*'Eb8!*(9*'!;+8!+CC.(9'8!,A.(A.-+A.+8!*':'9!
C'9-A+A8'P!&'()*+,-./'!8'!'9C6'9-A+!C(9*6C.'9*(!69!+9b;.8.8!*'-+;;+*(!*'!;+8!F.9+94+8!E69.C.,+;'8!C(9!
';!F.9!*'!'/+;6+A!'8-+!*.E'98.D9!C(9!E+H(A!9./';!*'!*'-+;;'P!W9!A'86E'9!*'!;(8!+/+9C'8!,A';.E.9+A'8!8'!
;(C+;.4+!'9!'8-+!8'CC.D9!*';!A',(A-'P!B;!A',(A-'!F.9+;!*';!+9b;.8.8!*'!;+8!F.9+94+8!E69.C.,+;'8!'8-+Ab!;.8-(!+!
,A.9C.,.(8!*'!+:A.;!*'!#$%#P!
1+!8'C69*+!*.E'98.D9!C(9!A'86;-+*(8!E+8!+*/'A8(8!'8!;+!*.E'98.D9!'8!;+!*'!7(8-'9.:.;.*+*!)E:.'9-+;!H!
2+E:.(!2;.Eb-.C(P!B9!'8-+!*.E'98.D9!%_!*'!;(8!NQ!.9*.C+*(A'8!L(!'f6./+;'9-'!+!T#rM!Y+9!A'86;-+*(!'9!;+!
C+-'G(A`+!*'!8'EbF(A(!A(X(P!!B;!A'-(!,A.9C.,+;!*'!'8-+!*.E'98.D9!A'C+'!'9!*(8!+8,'C-(8!F69*+E'9-+;'8J!
%M!1+!F+;-+!*'!.9F(AE+C.D9!H!*+-(8!f6'!A'/';'!*'!69+!F(AE+!C'A-'A+!';!'8-+*(!H!G'8-.D9!*';!bA'+P!3(A!
'X'E,;(0!C(E(!Y+!8.*(!E(8-A+*(!'9!;+!8'CC.D9!*'!B/+;6+C.D9!*'!=9*.C+*(A'8!'9!';!A',(A-'0!;+!-(-+;.*+*!
*'!;+!8'CC.D9!'9!U.-.G+C.D9!*';!2+E:.(!2;.Eb-.C(!9(!8'!Y+!;(GA+*(!'/+;6+A!*':.*(!+!;+!.9'd.8-'9C.+!*'!
*+-(8!,+A+!'8-'!86:-'E+P!>'!.G6+;!F(AE+0!'9!';!86:-'E+!*'!2+;.*+*!*';!).A'!9(!8'!'9C(9-AD!*+-(8!*'!
+,(H(!(!'/.*'9C.+8!*'!G'8-.D9!*'!,+A-'!*'!;+!C.6*+*!'9!'8-+!bA'+P!#M!B9!(-A(8!86:-'E+8!C(E(!';!*'!
&'8-.D9!*'!@'8.*6(8!7D;.*(8!';!!I^r!LT!*'!^M!*'!;(8!.9*.C+*(A'8!C(AA'8,(9*'9!+!8'EbF(A(!A(X(0!;(!f6'!
.9*.C+!69+!G'8-.D9!.9+*'C6+*+P!1(!E.8E(!C(9!;(8!.9*.C+*(A'8!*';!8'C-(A!B9'AG`+!*(9*'!_$r!*'!;(8!
.9*.C+*(A'8!8(9!A(X(8!H!n9.C+E'9-'!';!T$r!8(9!/'A*'8P!B;!-'E+!)G6+!+!,'8+A!*'!f6'!C6'9-+!C(9!69!T$r!
*'!;(8!.9*.C+*(A'8!A(X(80!E6'8-A+!A'-(8!.E,(A-+9-'8!'9!;+!G'8-.D9!*':.*(!+!868!-A+98/'A8+;.*+*'8!C(9!';!
-'E+!K.8C+;!H!K.9+9C.'A(!+8`!C(E(!;+8!C(98.*'A+C.(9'8!*'!;+!8(8-'9.:.;.*+*!*';!A'C6A8(0!,+A-.C6;+AE'9-'!
C(98.*'A+9*(!;+8!,A(H'CC.(9'8!*'!CA'C.E.'9-(!*'!;+!C.6*+*P!!
1+!*.E'98.D9!*'!*'8+AA(;;(!6A:+9(!,A'8'9-+!69!:+;+9C'!*'!'/+;6+C.D9!,(A!8'EbF(A(8!Eb8!,(8.-./(P!2(9!
69!-(-+;!*';!T_r!*'!;(8!.9*.C+*(A'8!'9!/'A*'!H!n9.C+E'9-'!69!#Qr!'9!A(X(0!'8-+!*.E'98.D9!,A'8'9-+!;(8!
,A.9C.,+;'8!A'-(8!'9!;+8!bA'+8!*'!W8(!*';!76';(!H![A+98,(A-'P!)E:(8!-'E+8!,A'8'9-+9!8'A.+8!*'F.C.'9C.+8!
'9!*+-(8!+8`!C(E(!Eb8!*';!T$r!*'!.9*.C+*(A'8!C(E(!8'EbF(A(8!A(X(8P!1+!C(E:.9+C.D9!*'!.9*.C+*(A'8!9(!
'/+;6+*(8!,(A!F+;-+!*'!*+-(8!C(9!';!Y'CY(!*'!'/+;6+C.(9'8!*'!8'EbF(A(!A(X+8!'/.*'9C.+!69+!
,A(:;'Eb-.C+!'9!*.CY(8!-'E+8P!!!
1+!!*.8-A.:6C.D9!*'!;(8!.9*.C+*(A'8!8'!E6'8-A+!+!C(9-.96+C.D9P!!
!
!
!
!
!
!

I^!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!1+!3+4!5!2.6*+*!7(8-'9.:;'!*';!<=>!!?!@',(A-'!B/+;6+C.D9!,(A!=9*.C+*(A'8!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"!#$%#!&'()*+,-./'0!112!!

!
!

!"#$%&'(')'*+*,
-%*'"+.('%&$+),/,
0+.('",0)'.1$'2",

40% 60%

100%

!"#$%&'(')'*+*,,
34(+&+,

60% 40%

Agua

Saneamiento

57% 43%

Gestin de
Residuos Solidos

60% 40%

Energa

100%

Mitigacin del
Cambio
Climtico
50% 50%

33% 58%
8%

100%

Gestin Publica
Moderna

50% 30%

Transporte

100%

Transparencia

20%

40%

100%

25%
25%
25%

Vulnerabilidad
ante Desastres
Naturales

Competitividad de
la Economa

Empleo

50%

Conectividad

50%

Educacin

11.2%
33.3% 55.5%

25%
75%

"!#$%#!&'()*+,-./'0!112!

Gestin Publica
Participativa

Inequidad
Urbana

25%

Ruido

33%
67%

100%

60%

Calidad de Aire

Uso Del Suelo

!"#$%&'(')'*+*,,
5'#2+),/,6"(%4&+(')'*+*,

44%

56%

29%
57% 14%

Impuestos y
Autonoma
Financiera
Manejo de Gasto

Pasivos
Contingentes
33%
66%

Deuda

Seguridad
Ciudadana
Salud

!!1+!3+4!5!2.6*+*!7(8-'9.:;'!*';!<=>!!?!@',(A-'!B/+;6+C.D9!,(A!=9*.C+*(A'8!!!!!

!!!!!IQ!!!!

3.2 REAS Y SECTORES PRIORITARIOS


!
B;!8.8-'E+!*'!.9*.C+*(A'8!Y+!8.*(!n-.;!,+A+!A'+;.4+A!69+!'/+;6+C.D9!Ab,.*+!H!(:X'-./+!*'!;+8!C(9*.C.(9'8!
+C-6+;'8!*'!;+!G'8-.D9!*'!;+!C.6*+*!'9!;+8!-A'8!*.E'98.(9'8!2B7!:+8b9*(8'!n9.C+E'9-'!'9!.9F(AE+C.D9!H!
*+-(8!8'C69*+A.(8P!7.9!'E:+AG(0!+!F.9!*'!.9.C.+A!69+!.*'9-.F.C+C.D9!,A';.E.9+A!*'!+f6';;+8!bA'+8!H!
8'C-(A'8!,A.(A.-+A.(8!*';!,;+9!*'!+CC.D90!8'!*'C.*.D!'9A.f6'C'A!H!86,;'E'9-+A!*.CY+!8';'CC.D9!C(9!;+!
(,.9.D9!*'!'d,'A-(8!*';!<=>!'9!;(8!8'C-(A'8!f6'!,A'8'9-+A(9!'/+;6+C.(9'8!Eb8!9'G+-./+80!+8`!C(E(!;+!
(,.9.D9!*.A'C-+!*'!F69C.(9+A.(8!*'!;+!+*E.9.8-A+C.D9!*'!;+!C.6*+*!+!C+AG(!*'!'8-(8!-'E+8P!!
3+A+!-+;!'F'C-(!8'!+,A(/'CYD!';!-+;;'A!*'!C(986;-+!*'8+AA(;;+*(!*6A+9-'!;+!U.8.D9!*'!=*'9-.F.C+C.D9!*';!
<=>!L_cV!*'!F':A'A(!*'!#$%#M!,+A+!A'C(,.;+A!;+8!(,.9.(9'8!*'!F(AE+!8.8-'Eb-.C+!H!:+8+*+!'9!CA.-'A.(8!
'8-+:;'C.*(8!,(A!;+!E'-(*(;(G`+!*'!2B7P!1+!(,.9.D9!*'!'d,'A-(8!,'AE.-.D!,A(F69*.4+A!';!+9b;.8.8!*'!
.9*.C+*(A'80!!'!.*'9-.F.C+A!;(8!*./'A8(8!A'-(80!(,(A-69.*+*'8!H!8(;6C.(9'8!C(9!E+H(A!.E,+C-(!'9!;+!
8(8-'9.:.;.*+*!*'!;+!C.6*+*P!3(A!86!,+A-'0!;+!(,.9.D9!*'!;(8!F69C.(9+A.(8!E69.C.,+;'8!,'AE.-.D!C+,-6A+A!H!
*.8C6-.A!C(9!E+H(A!,A(F69*.*+*!;(8!-'E+8!'8-A6C-6A+;'8!*'8*'!69+!,'A8,'C-./+!+*E.9.8-A+-./+!H!*'!
,A.E'A+!E+9(P!!B8-+8!C(986;-+8!8(9!F69*+E'9-+;'8!,+A+!;+!8';'CC.D9!,A';.E.9+A!*'!;(8!-'E+8!H!8'C-(A'8!
,A.(A.-+A.(80!H+!f6'!,+A+!;+!'/+;6+C.D9!*'!.9*.C+*(A'8!8(;(!8'!6-.;.4+!*+-(8!8'C69*+A.(8!;(8!C6+;'8!,6'*'9!
,A'8'9-+A!,A(:;'E+8!*'!'8C+;+0!+GA'G+C.D9!(!9(!'8-+A!+C6-6+;.4+*(8P!!
jCY(!E'8+8!*'!-A+:+X(!8'!(AG+9.4+A(9!*6A+9-'!;+!U.8.D9!*'!=*'9-.F.C+C.D9!+!F.9!*'!+*f6.A.A!.9F(AE+C.D9!
C(E,;'E'9-+A.+!,+A+!;+!8';'CC.D9!*'!-'E+8!H!8'C-(A'8!,A.(A.-+A.(8P!1+8!E'8+8!8'!*'8+AA(;;+A(9!*6A+9-'!
69!-+;;'A!*'!*(8!*`+8!*'!-A+:+X(!'9!1+!3+4P!B9!';!E.8E(!,+A-.C.,+A(9!F69C.(9+A.(8!E69.C.,+;'80!'d,'A-(8!
*';!:+9C(!H!C(986;-(A'8!*'!&'()*+,-./'0!F+C.;.-+9*(!H!*.A.G.'9*(!;+8!E'8+8!*'!-A+:+X(P!!1+8!E.8E+8!
C6:A.'A(9!69+!8'A.'!*'!8'C-(A'8!!'9!;(8!8.G6.'9-'8!-'E+8J!)G6+0!B9'AG`+0!!@'8.*6(8!7D;.*(80!>'8+AA(;;(!
BC(9DE.C(0!7'G6A.*+*!2.6*+*+9+0![A+98,(A-'!H!2+E:.(!2;.Eb-.C(P!)*'Eb8!*'!;+8!E'8+8!*'!-A+:+X(0!8'!
A'+;.4+A(9!/.8.-+8!*'!C+E,(!H!/.8.-+8!+!.98-+;+C.(9'8!*'!8'A/.C.(!E69.C.,+;0!!;+8!C6+;'8!.;68-A+A(9!H!
,'AE.-.'A(9!69+!E+H(A!C(E,A'98.D9!*'!86!F69C.(9+E.'9-(!H!G'8-.D90!+8`!C(E(!*'!;(8!A'-(8!f6'!
'9FA'9-+9P!1(8!A'86;-+*(8!*'!*.CY+8!E'8+8!F6'A(9!C(E,.;+*(8!H!A'86E.*(8!,(A!'d,'A-(8!*';!:+9C(0!!
F69C.(9+A.(8!E69.C.,+;'8!H!&'()*+,-./'P!!1(8!A'86;-+*(8!F6'A(9!A'86E.*(8!'9!';!A',(A-'!*'!;+!U.8.D9!*'!
=*'9-.F.C+C.D9!L<=>0!#$%#MP!!
>':.*(!+!;+!.E,(A-+9C.+!*'!;(8!-'E+8!F.8C+;'80!';!'9C+AG+*(!*'!;(8!-'E+8!*'!K.9+94+8!U69.C.,+;'8!*';!
&'()*+,-./'0!8'a(A!16.8!76bA'40!(AG+9.4D!8'8.(9'8!H!'9-A'/.8-+8!.9*./.*6+;'8!*'!-A+:+X(!+!;(!;+AG(!*'!69!
,'A.(*(!*'!*(8!*`+8!C(9!%I!*','9*'9C.+8!*'!;+!C.6*+*g!+!,+A-.A!*'!';;+80!'8!,(8.:;'!(:-'9'A!69+!.*'+!Eb8!
C;+A+!*';!'8-+*(!*'!;+8!F.9+94+8!*'!;+!C.6*+*P!

IV!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!1+!3+4!5!2.6*+*!7(8-'9.:;'!*';!<=>!!?!@',(A-'!B/+;6+C.D9!,(A!=9*.C+*(A'8!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"!#$%#!&'()*+,-./'0!112!!

!
<+8+*(8!'9!;(8!A'86;-+*(8!*'!;+!'/+;6+C.D9!,(A!.9*.C+*(A'8!H!C(E,;'E'9-+*(8!+!,+A-.A!*'!;(8!A'86;-+*(8!
*'!;+8!E'8+8!*'!-A+:+X(0!8'!.*'9-.F.C+A(9!;(8!8'C-(A'8!,A.(A.-+A.(8!,+A+!'8-+!F+8'!.9.C.+;P!!B8-+!8';'CC.D9!*'!
8'C-(A'8!8'!A'/.8+Ab!96'/+E'9-'!+;!F.9+;!*'!C+*+!E(*6;(!*'!*.+G9D8-.C(!H!+9b;.8.8P!1(8!8'C-(A'8!
8';'CC.(9+*(8!8'!.9C(A,(A+Ab9!,A';.E.9+AE'9-'!+;!ED*6;(!*'!3;+9!*'!)CC.D90!:+8b9*(8'!'9!C6+-A(!
CA.-'A.(8!(!F.;-A(8J!;+!(,.9.D9!,n:;.C+0!';!C(8-(!L86!.E,+C-(!'9!;+!'C(9(E`+!;(C+;0!'9-'9*.*(!C(E(!';!xC(8-(!
*'!;+!.9+CC.D9x!5!.P'P!';!C(8-(!+*.C.(9+;!,+A+!;+!'C(9(E`+!;(C+;!*'!9(!A'+;.4+A!;+8!+CC.(9'8M0!86!
/6;9'A+:.;.*+*!+;!C+E:.(!C;.Eb-.C(!H!';!'8-+*(!*'!;+8!.9.C.+-./+8!'d.8-'9-'8!f6'!'8-b9!-A+-+9*(!*'!A'8(;/'A!
';!,A(:;'E+P!!
1(8!8.G6.'9-'8!8'C-(A'8!H!bA'+8!Y+9!8.*(!8';'CC.(9+*(8!C(E(!';!GA6,(!,A';.E.9+A!*'!lA'+8!H!7'C-(A'8!
3A.(A.-+A.+8!,+A+!C(98.*'A+A!'9!';!3;+9!*'!)CC.D9J!
!
!

!!!!!!!!!!,+A-B(+DB!
!

$+"C;-(!,-!"C!$"CJCLD;AC!

(D(J-B+*"+,C,!
CA*+-BJC"!K!
'CA*+D!'"+ACJ+'D!

,-(C;;D""D!
@;*CBD!!
!

)G6+!
@'8.*6(8!
B9'AG`+!
2+E:.(!2;.Eb-.C(!

[A+98,(A-'!3n:;.C(!
W8(!*';!76';(!

&'8-.D9!36:;.C+!
2(9-A(;!*';!&+8-(!!!!!!!!!!!!K.9+94+8!U69.C.,+;'8!
[A+98,+A'9C.+!

!
!

!
!

!
!

C;-C(!$;+D;+JC;+C(!(-"-''+DBC,C(!

!
(D(J-B+*+"+,C,!
L+('C"!M!
NDQ-;BC*+"+,C,!

!
!
!
!
!

"!#$%#!&'()*+,-./'0!112!

!!1+!3+4!5!2.6*+*!7(8-'9.:;'!*';!<=>!!?!@',(A-'!B/+;6+C.D9!,(A!=9*.C+*(A'8!!!!!

!!!!!_$!!!!

3.3 DESCRIPCIN POR SECTORES:


CN@C!
B;!E+H(A!A'-(!,+A+!;+!8(8-'9.:.;.*+*!*'!1+!3+4!'8!;+!,A(/.8.D9!*'!+G6+!,+A+!868!A'8.*'9-'80!'9!86F.C.'9-'!
C+9-.*+*!H!C+;.*+*P!)!,'8+A!*'!f6'!'9!;+!+C-6+;.*+*!8'!C6'9-+!C(9!:6'9+!C(:'A-6A+!H!'F.C.'9C.+0!8'Gn9!;(!
C(AA(:(A+9!;(8!.9*.C+*(A'80!;+!C.6*+*!+FA(9-+!.E,(A-+9-'8!A'-(8!A'8,'C-(!+!;+!'F.C.'9C.+!F6-6A+!'9!;+!
,A'8-+C.D9!*'!8'A/.C.(!*'!+G6+!,(-+:;'0!H!Eb8!.E,(A-+9-'!+n90!'9!;+!8(8-'9.:.;.*+*!+!E'*.+9(!H!;+AG(!
,;+4(!*';!A'C6A8(P!!B8-(!'8!,+A-.C6;+AE'9-'!.E,(A-+9-'!*':.*(!+!;+8!,A(H'CC.(9'8!*'!*'E+9*+!f6'!8'!
Y+9!A',(A-+*(!,(A!,+A-'!*'!7)3)!'9!';!A',(A-'!oB;!)G6+!'9!';!U69.C.,.(!*'!;+!3+4p!L7)3)0!9(/.'E:A'!*'!
#$%%MP!B8-(8!F+C-(A'8!A';+C.(9+*(8!C(9!;+!*'E+9*+!F6-6A+!'!.98(8-'9.:.;.*+*!*';!A'C6A8(!!9(!Y+9!8.*(!
C+,-6A+*(8!,(A!;(8!.9*.C+*(A'8!*':.*(!+!f6'!n9.C+E'9-'!E.*'9!;+!C(:'A-6A+0!;+!'F.C.'9C.+!*';!68(!H!
,A'8-+C.D9!*'!8'A/.C.(8!*'!+G6+!,(-+:;'P!3(A!';;(!N!*'!;(8!T!.9*.C+*(A'8!Y+9!8.*(!F+/(A+:;'8P!B8-(!8'!*':'!
+!f6'!;(8!.9*.C+*(A'8!'8-b9!*.8'a+*(8!+;A'*'*(A!*'!;+!,A'8-+C.D9!*';!8'A/.C.(!'9!;6G+A!*'!;+!
8(8-'9.:.;.*+*!*'!;(8!A'C6A8(8!'9!';!C(9-'d-(!*'!;+!,A'8-+C.D9!*';!8'A/.C.(P!3+A-.C6;+AE'9-'!9(!Y+9!
.9*.C+*(A'8!f6'!C(98.*'A'9!;+8!*'E+9*+8!F6-6A+8!(!*'!;+!8(8-'9.:.;.*+*!*'!;+8!F6'9-'8!*';!A'C6A8(P!!
3(A!(-A(!;+*(0!+!9./';!*'!G'8-.D9!;(8!.9*.C+*(A'8!9(!C+,-6A+!C(98.*'A+C.(9'8!.E,(A-+9-'8!C(E(!;+!
E'*.C.D9!*';!C(986E(P!B9!;+!+C-6+;.*+*!9(!8'!C6'9-+!C(9!E'*.*(A'8!*'!+G6+!H!n9.C+E'9-'!'9!;(8!
n;-.E(8!E'8'8!8'!Y+9!C(E'94+*(!+!.98-+;+A!E'*.*(A'8P!7.9!'E:+AG(0!'8-'!,A(GA+E+!8(;(!C6:A'!%$r!*'!
;(8!Y(G+A'8P!1+!F+;-+!*'!E'*.*(A'8!.E,+C-+!;+!8(8-'9.:.;.*+*!*';!A'C6A8(!'9!C6+9-(!+!;+!*'E+9*+P!B8-+!
8.-6+C.D9!+F'C-+!F.9+9C.'A+E'9-'!;+!8(8-'9.:.;.*+*!*';!A'C6A8(0!;(!C6+;!'E,'(A+!C(9!';!Y'CY(!*'!f6'!9(!
8'!C6'9-+!C(9!69+!'8C+;+!H!'8-A6C-6A+!-+A.F+A.+!f6'!C(98.*'A'!;+8!E'X(A'8!*'!.9FA+'8-A6C-6A+!+!F6-6A(P!
)*'Eb8!*'!;(8!,A(:;'E+8!'d.8-'9-'8!'9!C6+9-(!+!;+!E'*.C.D90!;+!*.8-A.:6C.D9!H!';!,A(:;'E+!-+A.F+A.(0!';!!
/(;6E'9!-(-+;!*'!+G6+!*.8,(9.:;'!'8!C(E,+A-.*(!,(A!;+!+GA.C6;-6A+!H!;(8!68(8!6A:+9(8P!!
B9!C6+9*(!+!;+!(F'A-+0!;+!-(-+;.*+*!*';!+G6+!,(-+:;'!/.'9'!*'!+G6+!86:-'AAb9'+!L+C6`F'A(!*';!/+;;'!*'!1+!
3+4M0!;+!C6+;!+69f6'!'9!,A.9C.,.(!'8!C(98.*'A+*(!69!A'C6A8(!A'9(/+:;'0!'8-b!+C-6+;E'9-'!8(:A'd,;(-+*+!
'!.9'/.-+:;'E'9-'!8'Ab!+G(-+*+!L8'!'d-A+'!,+A+!C(986E(!Eb8!+G6+!*'!;+!f6'!8'!A'C+AG+!9+-6A+;E'9-'!+;!
+C6`F'A(MP!B8-(!Y+!*.8,+A+*(!';!'8-6*.(!*'!69+!8'A.'!*'!(,C.(9'8!,+A+!+;./.+A!;+8!*'E+9*+8!*';!A'C6A8(P!
1(8!E.8E(8!.9C;6H'9!(,C.(9'8!*'!-A+8/+8+A!';!A'C6A8(!*'8*'!';!+C6`F'A(!*';!2+AA.4+;!L';!C6+;!'8!
:b8.C+E'9-'!;+!E.-+*!*';!-+E+a(!*';!*'!1+!3+4M!+8`!C(E(!;+!6-.;.4+C.D9!*'!*'8+;+*(A+8P!!j,C.(9'8!
86,;'E'9-+A.+8!'9!C6+9-(!+!;+!'F.C.'9C.+!H!A'C+AG+!'8-b9!8.'9*(!'d,;(A+*+8!,(A!/+A.(8!GA6,(8!,A./+*(8!H!
8(C.'*+*!C./.;g!8.9!'E:+AG(0!';!/(;6E'9!*'!A'C+AG+!f6'!'8-+8!.9.C.+-./+8!,A(,(9'9!9(!8'Ab9!86F.C.'9-'8!
,+A+!:+;+9C'+A!;+!(F'A-+!H!*'E+9*+!*';!A'C6A8(P!!
)*'Eb8!*'!;(8!A'-(8!E'9C.(9+*(80!';!Ab,.*(!CA'C.E.'9-(!6A:+9(!*'!1+!3+4!'E,'(A+!;+!8.-6+C.D9P!!B8-(!8'!
*+!*':.*(!+!f6'!';!CA'C.E.'9-(!*'!;+!,(:;+C.D9!Y+C'!9'C'8+A.(!'d-A+'A!/(;nE'9'8!*'!+G6+!86,'A.(A'8!+!
;(8!.98-+;+*(8!H!;+!9'C'8.*+*!*'!,(9'A!'9!(,'A+C.D9!Eb8!,(4(80!,+A+!868-.-6.A!;+8!F6'9-'8!*'!
+:+8-'C.E.'9-(!+C-6+;'8!f6'!-.'9'9!69!,A(E'*.(!*'!NI!+a(8!*'!8'A/.C.(!C(9-.96(!H!8(9!868C',-.:;'8!*'!

_%!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!1+!3+4!5!2.6*+*!7(8-'9.:;'!*';!<=>!!?!@',(A-'!B/+;6+C.D9!,(A!=9*.C+*(A'8!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"!#$%#!&'()*+,-./'0!112!!

!
F+;;+A0!,(A!;(!f6'!8'!A'f6.'A'!A'+;.4+A!.98,'CC.(9'8!+!;(8!,(4(8!H!'f6.,(8!'9!(,'A+C.D9!,+A+!*+A!
E+9-'9.E.'9-(!,A'/'9-./(!H!C(AA'C-./(0!C(9!;(!f6'!8'!.9CA'E'9-+Ab!';!/(;6E'9!*'!'d-A+CC.D9!'9!
:'9'F.C.(!*'!;+!,(:;+C.D9!H!;+!,A(;(9G+C.D9!*';!D,-.E(!F69C.(9+E.'9-(!*'!;(8!'f6.,(8P!!B/.*'9-'E'9-'0!
;+!*.8,(9.:.;.*+*!*';!A'C6A8(!8'!/'Ab!+n9!E+8!+F'C-+*+!*':.*(!+!;+8!*.9bE.C+8!Y.*A(!E'-'(A(;DG.C+8!
+8(C.+*+8!+;!C+E:.(!C;.Eb-.C(P!!
)8`!E.8E(0!C(E(!8'!Y+!'/.*'9C.+*(!'9!;(8!Y+;;+4G(8!,A';.E.9+A'8!*';!'8-6*.(!*'!;+8!F.9+94+8!E69.C.,+;'80!
;(8!-'E+8!*'!*'6*+0!.E,6'8-(8!H!E+9'X(!*'!G+8-(8!8(9!-'E+8!-A+98/'A8+;'8!.9-'GA+;'8!C(9!;+!,A'8-+C.D9!
*'!8'A/.C.(8!*'!+G6+P!>'!+C6'A*(!C(9!;(8!*+-(8!,A'/.(8!*';!'8-6*.(!*'!F.9+94+8!E69.C.,+;'80!*':.*(!f6'!+!
;(8!G+8-(8!*';!E69.C.,.(!8'!Y+9!/'9.*(!.9CA'E'9-+9*(!E6CY(!E+8!Ab,.*+E'9-'!f6'!;(8!.9GA'8(80!;(8!
EbAG'9'8!*'!F(9*(8!,+A+!.9/'A8.D9!LC(9!A'C6A8(8!,A(,.(8M!8(9!*i:.;'8!H!9(!'d.8-'9!+;-'A9+-./+8!/.+:;'8!
,A(,.+8!,+A+!*'8+AA(;;+A!;+8!E'X(A+8!*'!.9FA+'8-A6C-6A+!(!96'/+8!(:A+8!,+A+!+8'G6A+A!;+!*(-+C.D9!*';!
8'A/.C.(!+!69!F6-6A(!C'AC+9(P!!
>'!C(98.*'A+A8'!'8-(8!F+C-(A'80!';!)G6+!*':.*(!+!86!-A+98/'A8+;.*+*!C(9!;(8!-'E+8!E'9C.(9+*(8!*':'!8'A!
69!-'E+!,A.(A.-+A.(!'9!';!3;+9!*'!)CC.D9P!!!
!
;-(+,@D(!
1+!'/+;6+C.D9!*';!-'E+!*'!&'8-.D9!*'!@'8.*6(8!7D;.*(8!+AA(XD!69!I^r!*'!;(8!.9*.C+*(A'8!'9!;+!C+-'G(A`+!
*'!8'EbF(A(!A(X(!H!TNr!'9!;+!C+-'G(A`+!*'!8'EbF(A(!/'A*'P!)!,'8+A!*'!f6'!'8-'!-'E+!C6'9-+!
n9.C+E'9-'!C(9!8.'-'!.9*.C+*(A'8!'8!'/.*'9-'!f6'!;+!>.8,(8.C.D9!F.9+;!+*'C6+*+!*'!A'8.*6(8!8D;.*(8!+8`!
C(E(!86!-A+-+E.'9-(!9'C'8.-+!E'X(A+8!868-+9C.+;'8P!!
2(E(!8'!C(E'9-D!'9!';!@',(A-'!*'!;+!U.8.D9!*'!=*'9-.F.C+C.D90!1+!3+4!C6'9-+!C(9!69!8'A/.C.(!*'!
A'C(;'CC.D9!*'!A'8.*6(8!8D;.*(8!f6'!C6:A'!;+!-(-+;.*+*!*'!;+!C.6*+*!C(9!69+!FA'C6'9C.+!+*'C6+*+P!7.9!
'E:+AG(0!;+!*.8,(8.C.D9!F.9+;!8'!Y+C'!'9!69!/'A-'*'A(!C(9-A(;+*(!f6'!9(!C6'9-+!C(9!69+!,A(-'CC.D9!
+*'C6+*+!*';!86';(0!9.!C(9!69!E+9'X(!*'!;.d./.+*(8!(!!E+9'X(!+*'C6+*(!*'!C+,-6A+!H!f6'E+!*'!G+8'8P!
>.CY+8!C(9*.C.(9'8!,(9'9!+!;+!&'8-.D9!*'!@'8.*6(8!7D;.*(8!'9!69+!,(8.C.D9!9(!*'8'+:;'!FA'9-'!+!;(8!
A'-(8!*'!;+!8(8-'9.:.;.*+*P!!
B;!,A(:;'E+!*'!9(!C(9-+A!C(9!69!!E+9'X(!+*'C6+*(!*'!;.d./.+*(8!(!69+!+*'C6+*+!.E,'AE'+:.;.4+C.D9!*';!
86';(!,(-'9C.+;.4+!;+!C(9-+E.9+C.D9!*'!;+8!F6'9-'8!*'!+G6+!86:-'AAb9'+P!B8-+!8.-6+C.D9!C+68+!69!'F'C-(!
+C6E6;+-./(!8(:A'!;+!C(9*.C.D9!*';!-'E+!*'!+G6+0!*':.*(!+!f6'!';!+C6`F'A(!*'!1+!3+4!A',A'8'9-+!'9!;+!
+C-6+;.*+*!;+!n9.C+!F6'9-'!*'!+G6+!,(-+:;'!,+A+!';!C(986E(!*'!;+!C.6*+*P!!
B;!.9+*'C6+*(!-A+-+E.'9-(!*'!;(8!G+8'8!C(9-A.:6H'!+!;+8!C+68+8!*';!C+E:.(!C;.Eb-.C(0!H+!f6'!&B=!8'!
;.:'A+9!*.A'C-+E'9-'!+!;+!+-ED8F'A+P!)C-6+;E'9-'0!8'!C+;C6;+!f6'!;+!'E.8.D9!-(-+;!*'!&B=!+!;+!+-ED8F'A+!
,(A!,+A-'!*'!*'8'CY(8!8D;.*(8!+;C+94+!+!8'A!';!_r!*'!;(!'E.-.*(!'9!';!E69.C.,.(P!>'!C(9-.96+A!'8-+!
C(9*.C.D90!;+8!'E.8.(9'8!*'!&B=!8'!E6;-.,;.C+Ab9!C(9!';!CA'C.E.'9-(!6A:+9(!H!,(:;+C.(9+;!'8,'A+*(P!3(A!
"!#$%#!&'()*+,-./'0!112!

!!1+!3+4!5!2.6*+*!7(8-'9.:;'!*';!<=>!!?!@',(A-'!B/+;6+C.D9!,(A!=9*.C+*(A'8!!!!!

!!!!!_#!!!!

!
(-A(!,+A-'0!';!9(!C(9-+A!C(9!69!,;+9!*'!E+9'X(!*';!A';;'9(!8+9.-+A.(!Y+C'!f6'!;+!C+;.*+*!*';!,+.8+X'!8'!
/'+!+F'C-+*+!+*/'A8+E'9-'0!;(!C6+;!.E,+C-+!;+!.E+G'9!*'!;+!C.6*+*!'9!69+!F(AE+!9'G+-./+!'!.E,+C-+!;+!
+C-./.*+*!-6A`8-.C+0!C(E(!F6'!.9*.C+*(!'9!';!B8-6*.(!*'!;+!W9./'A8.*+*!*'!u+A/+A*!8(:A'!K6-6A(8!
);-'A9+-./(8!L7-'.9.-4!'-!+;P0!#$$TMP!!
B;!-A+-+E.'9-(!*'!A'8.*6(8!8'!/'!+n9!E+8!+F'C-+*(!*':.*(!+!f6'!9(!'d.8-'!69!,A(GA+E+!+C-./(!*'!
-A+-+E.'9-(!.9-'GA+;!*'!;+!:+86A+!LA'C.C;+X'0!C(E,(8-+X'!H!,A(*6CC.D9!*'!'9'AG`+M0!;(!f6'!G'9'A+!Eb8!
E+8+!*'!A'8.*6(8!,(A!-A+-+A!H!A'86;-+!'9!E'9(A!/.*+!n-.;!,+A+!;+8!.98-+;+C.(9'8!*';!:(-+*'A(!*'!:+86A+P!!
!
-B-;NcC!
B;!8'C-(A!B9'AG`+!'8!F69*+E'9-+;!H!*':'!C(98.*'A+A8'!C(E(!,A.(A.-+A.(!'9!';!3;+9!*'!)CC.D90!*':.*(!+!
f6'!!C6:A'!69!+E,;.(!'8,'C-A(!'9!;+!+C-./.*+*!'C(9DE.C+0!*'8*'!;+!'d,;(-+C.D9!*'!;(8!A'C6A8(8!9+-6A+;'8!
Y+8-+!86!6-.;.4+C.D9!F.9+;!'9!';!8'C-(A!.9*68-A.+;0!8'A/.C.(80!A'8.*'9C.+;!H!-A+98,(A-'P!!)!,'8+A!*'!f6'!;(8!
.9*.C+*(A'8!C(AA'8,(9*.'9-'8!+!'9'AG`+!.9C;6H'9!69!T$r!'9!/'A*'0!';!_$r!A'8-+9-'!*'!;(8!.9*.C+*(A'8!'8!
A(X(0!+E+A.;;(!(!9(!'d.8-'9!*+-(8!,+A+!86!'/+;6+C.D9P!!>'!.G6+;!F(AE+!f6'!C(9!';!-'E+!*'!)G6+0!';!'8-6*.(!
*'!;+8!C(9*.C.(9'8!'9'AGi-.C+8!*'!1+!3+4!A'f6.'A'!f6'!8'!C(98.*'A'!9(!8(;(!;+8!-'9*'9C.+8!*'!*'E+9*+!
8.9(!-+E:.i9!;+8!F6'9-'8!*'!G'9'A+C.D9P!!2(E(!8'!.9*.C+!'9!';!@',(A-'!*'!;+!U.8.D9!*'!=*'9-.F.C+C.D9!
L<=>0!#$%#M!H!'9!;+8!26'8-.(9+A.(8!*'!>.+G9D8-.C(0!';!+.8;+E.'9-(!*'!<+X+!2+;.F(A9.+!76A!*'!;+!A'*!';iC-A.C+!
E'd.C+9+!H!+!;+8!*.F'A'9C.+8!'8-+C.(9+;'8!A',A'8'9-+9!';!E+H(A!A'-(!*'!'8-'!8'C-(A!H!C(9F.G6A+9!86!
F6-6A(P!!
1(8!,A.9C.,+;'8!,A(:;'E+8!*'!;+!8(8-'9.:.;.*+*!'9!'8-'!8'C-(A!!8(9J!,A.E'A(0!;+!F6'9-'!*'!G'9'A+C.D9!*'!;+!
';'C-A.C.*+*!f6'!8'!C(986E'!'9!1+!3+4!H!';!+6E'9-(!,A'/.8-(!*'!;+!*'E+9*+P!2(E(!'8!E'9C.(9+*(!'9!';!
@',(A-'!*'!;+!U.8.D9!*'!=*'9-.F.C+C.D9!L<=>0!#$%#M!-(*+!;+!G'9'A+C.D9!'8-b!:+8+*+!'9!C(E:68-.:;'8!
FD8.;'8!C(E(!:n9S'AZC(E:68-D;'(!H!G+8!f6'!;;'G+9!,(A!E'*.(!E+A`-.E(P!)8.E.8E(0!A'8,'C-(!+!;+!
*'E+9*+0!8'!'8-.E+!69!+6E'9-(!+96+;!*'!_r!f6'!8'Ab!C6:.'A-+!'9!86!GA+9!E+H(A`+!,(A!'9'AG`+8!FD8.;'80!
8'Gn9!;(8!,;+9'8!+C-6+;'8!*'!'d,+98.D9!*'!;+!2KBP!B8-(8!,+-A(9'8!*'!G'9'A+C.D9!H!*'E+9*+!8(9!
,A'(C6,+9-'8!*':.*(!+;!E(*';(!*'!*'8+AA(;;(!:+8+*(!'9!-6A.8E(!+;!f6'!+,6'8-+!;+!C.6*+*P!B9!;+!
+C-6+;.*+*!';!8'C-(A!C(E'AC.+;!H!*'!8'A/.C.(8!'8!A'8,(98+:;'!*';!IIr!*';!C(986E(!';iC-A.C(!8'G6.*(!,(A!
';!C(986E(!A'8.*'9C.+;0!'9!69!N^r!L<=>0!#$%%MP!7.!8'!,A'/i!69!CA'C.E.'9-(!'9!*.CY(8!8'C-(A'80!';!8'C-(A!
'9'AG`+!+86E.Ab!.E,(A-+9-'8!A'-(8!'9!;+!8(8-'9.:.;.*+*!*';!A'C6A8(!*':.*(!+!f6'!8'!.9CA'E'9-+Ab!86!
*','9*'9C.+!'d-'A.(A!*'!C(E:68-.:;'8P!)*'Eb80!';!-.,(!H!E+G9.-6*!!*'!*'8+AA(;;(8!-6A`8-.C(8!f6'!8'!
.9C'9-./+9!G'9'A+!.E,(A-+9-'8!*'E+9*+8!*';!A'C6A8(!'!.9C'9-./+9!';!CA'C.E.'9-(!6A:+9(!H!,(:;+C.(9+;!
*'!;+!C.6*+*0!;(!C6+;!'9!'F'C-(!.9CA'E'9-+!;+!-+8+!9'-+!*'!;+!*'E+9*+P!!B8-'!,+-AD9!'8!Eb8!+*/'A8(!8.!8'!
C(98.*'A+9!;+8!GA+9*'8!*.F'A'9C.+8!,(A!'8-+C.(9+;.*+*!'9!C6+9-(!+!*'E+9*+8!Ebd.E+80!8.'9*(!'9!';!C+8(!
*'!1+!3+4!f6'!;+!*'E+9*+!'9!.9/.'A9(!'8!69!N#0Vr!*'!;+!*'E+9*+!,.C(!'9!/'A+9(0!;(!C6+;!*'9(-+!69!68(!
'd-A'E(!*'!8.8-'E+8!*'!A'FA.G'A+C.D90!+.A'!+C(9*.C.(9+*(!H!(-A(8!C(986E(8!86X'-(8!+!;+!i,(C+!-6A`8-.C+!
L<=>0!#$%%MP!!3(A!(-A(!,+A-'0!;+8!,A(H'CC.(9'8!*'!-'E,'A+-6A+0!'8-+C.(9+;.*+*!H!*'8'A-.F.C+C.D9!,+A+!;+!
_N!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!1+!3+4!5!2.6*+*!7(8-'9.:;'!*';!<=>!!?!@',(A-'!B/+;6+C.D9!,(A!=9*.C+*(A'8!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"!#$%#!&'()*+,-./'0!112!!

!
A'G.D9!86G.'A'9!C(986E(8!+n9!E+H(A'8!,(A!';!,(8.:;'!.9CA'E'9-(!*'!-'E,'A+-6A+80!H!,(A!'9*'0!E+H(A!
*','9*'9C.+!*'!;(8!8.8-'E+8!*'!'9FA.+E.'9-(P!!
1+!8'G6A.*+*!'9'AGi-.C+!*'!1+!3+4!'8!F69*+E'9-+;!,+A+!86!*'8+AA(;;(!8(8-'9.:;'g!+n9!Eb8!8.!8'!C(98.*'A+!
86!`9-.E+!A';+C.D9!C(9!';!-'E+!F.8C+;c-+A.F+A.(0!68(!*';!86';(0!C+E:.(!C;.Eb-.C(0!C(E,'-.-./.*+*!
'C(9DE.C+0!-A+98,(A-'!!H!+G6+P!1+!-A+98/'A8+;.*+*!H!';!Y'CY(!*'!f6'!-(*(8!'8-(8!-'E+8!Y+9!8.*(!
'/+;6+*(8!C(E(!,A.(A.-+A.(8!*':.*(!+!86!,(:A'!*'8'E,'a(!H!G'8-.D9!Y+C'!.9'/.-+:;'!C(98.*'A+A!+;!-'E+!
'9'AG`+!C(E(!,A.(A.-+A.(P!!
);-'A9+-./+8!A';+C.(9+*+8!C(E(!!'9'AG`+8!A'9(/+:;'8!8(9!9'C'8+A.+8!,+A+!E(*.F.C+A!!';!A6E:(!*';!8'C-(A!
H!+;'X+A;(!*'!;+!*','9*'9C.+!'d-'A.(AP!!
!!
'CA*+D!'"+ACJ+'D!
B;!-'E+!*'!2+E:.(!2;.Eb-.C(!'8!F69*+E'9-+;!,+A+!3;+-+F(AE+!2B7P!B;!2+E:.(!2;.Eb-.C(!8'!'9C6'9-A+!
'9-A'!;+8!,A.9C.,+;'8!,A.(A.*+*'8!';!<=>!'9!;+!+G'9*+!*'!*'8+AA(;;(!'9!)EiA.C+!1+-.9+!H!';!2+A.:'!*6A+9-'!
;+!,ADd.E+!*iC+*+0!*':.*(!+!f6'!;(8!*'8+F`(8!CA'C.'9-'8!*';!C+E:.(!C;.Eb-.C(!86,(9'9!69+!+E'9+4+!
,+A+!;(8!G(:.'A9(80!;+!8(C.'*+*!H!;+!+C-./.*+*!'C(9DE.C+P!!>'8+F(A-69+*+E'9-'0!9(!Y+H!,A(GA+E+8!(!
'8F6'A4(8!*'8+AA(;;+*(8!+C-6+;E'9-'!,(A!C.6*+*!*'!1+!3+4!f6'!,A(/'+9!;(8!*+-(8!9'C'8+A.(8!,+A+!;+!
'/+;6+C.D9!*'!;(8!A'8,'C-./(8!.9*.C+*(A'8P!!B8-(!Y+!C+68+*(!f6'!';!-'E+!*'!2+E:.(!2;.Eb-.C(!8'+!
'/+;6+*(!C(E(!o9'GA(pP!
)!,'8+A!*'!9(!C(9-+A!C(9!'8-6*.(8!(!*+-(8!,+A+!'/+;6+A!;+!U.-.G+C.D9!*';!2+E:.(!2;.Eb-.C(0!*6A+9-'!;+!
U.8.D9!*'!=*'9-.F.C+C.D9!8'!*'8+AA(;;D!69+!E'8+!*'!-A+:+X(!C(9!;(8!C((A*.9+*(A'8!*';!!3;+9!B8-+-+;!*'!
)CC.D9!+9-'!';!2+E:.(!2;.Eb-.C(!L3B)22MP!B8-'!,;+9!,A(/''Ab!69!.986E(!.E,(A-+9-'!f6'!,(*Ab!8'A/.A!*'!
:+8'!,+A+!G'9'A+A!,A(d.8!f6'!,'AE.-+9!69+!'/+;6+C.D9!,A';.E.9+A!*'!*.CY(8!.9*.C+*(A'8P!)8.E.8E(0!8'!
,;+9'+!-(E+A!*'!*.CY(!'8-6*.(8!*+-(8!'!.9F(AE+C.D9!,+A+!;+!G'9'A+C.D9!*'!69!'8-6*.(!*'!.969*+C.(9'8!
,+A+!;+!C.6*+*!f6'!8'A/.Ab!C(E(!.986E(!,+A+!';!'8-6*.(!*'!m6;9'A+:.;.*+*!+;!2+E:.(!2;.Eb-.C(!*(9*'!8'!
'/+;6+Ab9!;+8!4(9+80!.9FA+'8-A6C-6A+80!8'A/.C.(8!H!GA6,(8!,(:;+C.(9'8!E+8!+F'C-+*(8!,(A!*.CY+8!
,A(H'CC.(9'8!*'!.969*+C.D9P!3+A+!-+;!'F'C-(!H!*':.*(!+!;+!.9C'A-.*6E:A'!+8(C.+*+!C(9!C+E:.(!C;.Eb-.C(0!
8'!'/+;6+Ab9!+;!E'9(8!*(8!'8C'9+A.(8!*';!=322P!
1+!'/+;6+C.D9!*'!.9*.C+*(A'8!H!*'!;(8!'F'C-(8!*';!C+E:.(!C;.Eb-.C(!'8!'8'9C.+;!*':.*(!+!f6'!'8-b!
+8(C.+*+!C(9!/+A.(8!-'E+8!'8-A6C-6A+;'8!*'!;+!3;+-+F(AE+P!3A.9C.,+;E'9-'0!'9!E+-'A.+!*'!'E.8.(9'8!H!
,+A-.'9*(!*'!'8-.E+C.(9'8!,A';.E.9+A'8!L<=>0!#$%%M0!;+8!,A.9C.,+;'8!F6'9-'8!*'!'E.8.D9!*'!&+8'8!*'!
BF'C-(!=9/'A9+*'A(!L&B=M!'8-b9!A';+C.(9+*+8!C(9!-'E+8!f6'!Y+9!8.*(!C(98.*'A+*(8!CA`-.C(8!,(A!';!8.8-'E+!
*'!.9*.C+*(A'8!2B7P!B8-(8!!8'C-(A'8!8(9J![A+98,(A-'0!';!C6+;!C(9-A.:6H'!'9!69!I_r!+!;+8!'E.8.(9'8!-(-+;'8!
*'!&B=g!!B9'AG`+0!C(9-A.:6H'9-'!*'!69!N^r!*'!;(8!&B=0!H!@'8.*6(8!7D;.*(8!+;!C6+;!;'!C(AA'8,(9*'9!69!_r!
*';!&B=P!<+8+*(!'9!;+8!*.8C68.(9'8!*'8+AA(;;+*+8!*6A+9-'!;+!U.8.D9!*'!=*'9-.F.C+C.D9!H!+!;+!A'/.8.D9!*'!

"!#$%#!&'()*+,-./'0!112!

!!1+!3+4!5!2.6*+*!7(8-'9.:;'!*';!<=>!!?!@',(A-'!B/+;6+C.D9!,(A!=9*.C+*(A'8!!!!!

!!!!!_T!!!!

!
*(C6E'9-(8!H!,A(H'CC.(9'8!*'!;+!C.6*+*0!!8'!'8,'A+!f6'!'8-(8!8'C-(A'8!.9CA'E'9-'9!868!C(9-A.:6C.(9'80!
*':.*(!+!;+8!,A(H'CC.(9'8!*'!;+8!*'E+9*+8!*'!'9'AG`+!H!-A+98,(A-'0!;(!C6+;!.E,+C-+Ab!;+8!'E.8.(9'8!
-(-+;'8!*'!&B=!*'!;+!C.6*+*P!!
B9!;(!A'F'A'9-'!+!'/'9-(8!'d-A'E(80!;+!C(E,A'98.D9!*'!;(8!'F'C-(8!*';!C+E:.(!C;.Eb-.C(!-'9*Ab!69+!
.9C.*'9C.+!F69*+E'9-+;!'9!-'E+8!8(C.+;'80!C(E,'-.-./.*+*!*'!;+!'C(9(E`+0!E+9'X(!*'!*'8'CY(80!+G6+!!H!
/6;9'A+:.;.*+*!+9-'!*'8+8-A'!9+-6A+;'8P!3+A+!-(*(8!';;(80!;+!'/+;6+C.D9!*'!.9*.C+*(A'8!+AA(XD!,(AC'9-+X'8!
,(A!'9C.E+!*';!T$r!'9!8'EbF(A(!A(X(P!!)8.E.8E(0!'d,'A-(8!'9!C+E:.(!C;.Eb-.C(!86G.'A'9!f6'!'9!69!!
F6-6A(!C'AC+9(!-'E+8!C(E(!8+;6*0!8+9'+E.'9-(!(!!,A(*6CC.D9!+GA('C(8.8-iE.C+!'d,'A.E'9-+Ab9!A'-(8!
C(98.*'A+:;'8P!B8-(8!-'E+80!C6H+!'/+;6+C.D9!+C-6+;!*.C-+!8'EbF(A(8!/'A*'8!(!+E+A.;;(80!,(*A`+9!C+E:.+A!
+!A(X(!*':.*(!+!86!A';+C.D9!C(9!'/'9-(8!'d-A'E(80!*'8F+8'!*'!o'8,+C.(8!C;.Eb-.C(8p0!!+AA.:(!*'!96'/(8!
:A(-'8!*'!'9F'AE'*+*'8!'!.969*+C.(9'8P!B9!,+A-.C6;+A0!!';!C+E:.(!C;.Eb-.C(!*':'!8'A!-A+-+*(!C(E(!69+!
+E'9+4+!'E'AG'9-'!,+A+!;+!C.6*+*!H!*':'9!C(98.*'A+A8'!868!'F'C-(8!'9!;+!8+;6*!,n:;.C+!H!'9!+CC.(9'8!
,+A+!!;+!,A(-'CC.D9!*'!;+8!,(:;+C.(9'8!/6;9'A+:;'80!-A+-+E.'9-(!*'!'9F'AE'*+*'8!H!*.9bE.C+8!
,(:;+C.(9+;'8P!!
>':.*(!+!;+8!C(9*.C.(9'8!E'9C.(9+*+80!'8!F69*+E'9-+;!C(98.*'A+A!';!2+E:.(!2;.Eb-.C(!C(E(!69!8'C-(A!
,A.(A.-+A.(!'9!';!3;+9!*'!)CC.D9!+!F.9!.E,;'E'9-+A!+CC.(9'8!E.-.G+C.D9!H!;+!.E,;'E'9-+C.D9!'8-A+-'G.+8!
*'!A'*6CC.D9!*'!;+!/6;9'A+:.;.*+*P!!
!
@(D!,-"!(@-"D!!
B;!W8(!*';!76';(!'8!69!A'C6A8(!/.-+;!,+A+!;+!8(8-'9.:.;.*+*!*'!;+8!C.6*+*'8P!>':'!8'A!G'8-.(9+*(!!
C(98.*'A+9*(!';!+,A(/'CY+E.'9-(!H!,A(-'CC.D9!*'!+f6';;(8!86';(8!Eb8!/+;.(8(8!H!,A(*6C-./(80!'/.-+9*(!
;+!,iA*.*+!.AA'/'A8.:;'!*';!E.8E(P!!
)!,'8+A!*'!f6'!';!_$r!*'!;(8!.9*.C+*(A'8!F6'A(9!'/+;6+*(8!C(E(!/'A*'80!;+!,A(:;'Eb-.C+!,A.9C.,+;!*'!;+!
C+A'9C.+!*'!*+-(8!9(!Y+!!,'AE.-.*(!C(98.*'A+A!+8,'C-(8!F69*+E'9-+;'8!,+A+!;+!'/+;6+C.D9!.9-'GA+;!*'!
'8-'!-'E+P!B9-A'!';;(8!8'!.9C;6H'9!C(9(C.E.'9-(!*'!;+8!-+8+8!*'!CA'C.E.'9-(!6A:+9(0!86!A';+C.D9!C(9!';!
'E,;'(0!A+4D9!*'!'E,;'(Z/./.'9*+0!+CC'8(!+!bA'+8!/'A*'8!H!A'CA'+C.D9P!>.CY(8!*+-(8!A',A'8'9-+9!';!I$r!
*'!-(*+!;+!.9F(AE+C.D9!A'f6'A.*+!,+A+!;'!'/+;6+C.D9!H!8(9!F+C-(A'8!F69*+E'9-+;'8!,+A+!;+!8(8-'9.:.;.*+*!
H!*'8+AA(;;(!6A:+9(!*':.*(!+!f6'!E'*.+9-'!';!68(!*';!86';(!8'!A'G6;+9!H!C(9F.G6A+9!;(8!,+-A(9'8!
C(986E(!*'!A'C6A8(80!H!;+!'F.C.'9C.+!'9!;+!*.8-A.:6C.D9!*'!8'A/.C.(8P!!
B;!,A.9C.,+;!,A(:;'E+!f6'!8'!*.8C6-.D!C(9!'d,'A-(8!H!F69C.(9+A.(8!E69.C.,+;'8!'8!;+!A';+C.D9!*';!68(!*';!
86';(!C(9!';!CA'C.E.'9-(!+C';'A+*(!f6'!1+!3+4!'8-b!'d,'A.E'9-+9*(!H!';!C6+;!'8-b!C+E:.+9*(!
,A(F69*+E'9-'!;+!C.6*+*!*'!69+!'9-.*+*!C(E,+C-+!H!'F.C.'9-'!+!69+!C.6*+*!*.8,'A8+P!1+!,A(:;'Eb-.C+!
*';!,+-AD9!*'!CA'C.E.'9-(!*'!C.6*+*!*.8,'A8(!.9C.*'!'9!/+A.(8!+8,'C-(8!CA`-.C(8!,+A+!;+!,;+-+F(AE+!2B7P!
B8-(8!.9C;6H'9!;+!,A(/.8.D9!H!'F.C.'9C.+!*'!8'A/.C.(8!L.9C;6H'9*(!+G6+0!'9'AG`+0!+;6E:A+*(0!E+9'X(!*'!

_I!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!1+!3+4!5!2.6*+*!7(8-'9.:;'!*';!<=>!!?!@',(A-'!B/+;6+C.D9!,(A!=9*.C+*(A'8!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"!#$%#!&'()*+,-./'0!112!!

!
*'8'CY(8M0!H!*'!(-A(8!-'E+!E'*6;+A'8!C(E(!!-A+98,(A-'0!*'8'CY(80!.9'f6.*+*!6A:+9+!H!C+E:.(!
C;.Eb-.C(P!
B;!,A(C'8(!*'!*.8,'A8.D9!6A:+9+!f6'!8'!Y+9!'/.*'9C.+*(!'9!1+!3+4!'9!;(8!n;-.E(8!+a(8!'8!.9*.C+-./(!*'!
69!,A(C'8(!*'!-A+98F(AE+C.D9!*'!C.6*+*!C(E,+C-+!+!69+!C.6*+*!*.8,'A8+P!1(8!9./';'8!*'!*'98.*+*!
6A:+9+!8'!Y+9!A'*6C.*(0!G'9'A+9*(!69!E+H(A!C(986E(!,'A!Cb,.-+!*';!86';(!*.8,(9.:;'!'!.E,(9.'9*(!
69+!E'9(A!'F.C.'9C.+!H!A'9-+:.;.*+*!'9!;+!,A(/.8.D9!*'!8'A/.C.(8!,n:;.C(8P!
3+A-'!*';!A'-(!*'!'/+;6+A!+*'C6+*+E'9-'!;+!8(8-'9.:.;.*+*!*'!;+!G'8-.D9!*';!68(!*';!86';(!A'C+'!'9!;(8!
.9*.C+*(A'8!6-.;.4+*(8P!2+8.!69!I$r!*'!;(8!.9*.C+*(A'8!'8-b9!*.8'a+*(8!+;A'*'*(A!*'!;+!'d.8-'9C.+!*'!
,;+9'8!*'!*'8+AA(;;(P!>'8GA+C.+*+E'9-'0!9(!8'!C(98.*'A+!';!*'8+AA(;;(!6A:+9(!G'8-+*(!F6'A+!*'!;(8!
,;+9'8!(!;(8!,+-A(9'8!*'!*'8+AA(;;(!f6'!,'A8.G6'9!;(8!,;+9'8!+!C(A-(!H!;+AG(!,;+4(P!!B8!'/.*'9-'!'9!
A'86;-+*(8!,A';.E.9+A'8!*';!'8-6*.(!*'!Y6';;+!6A:+9+!f6'!&'()*+,-./'!'8-b!*'8+AA(;;+9*(0!f6'!';!
CA'C.E.'9-(!+C';'A+*(!*'!69+!8'A.'!*'!*'8+AA(;;(8!,'A.FiA.C(8!8'!C(9F.G6A+!'9!69!,+-AD9!*'!C.6*+*!
*.8,'A8+P!B8-(8!,+-A(9'8!A'F;'X+9!;+!,(;`-.C+!Y+:.-+C.(9+;!H!*'!*'8+AA(;;(!*'!;+!C.6*+*0!H!8(;.*.F.C+9!;(8!
A'-(8!*'!,A(/.8.D9!*'!8'A/.C.(8!H!;(8!'F'C-(8!+*/'A8(8!*'!Y+:.-+:.;.*+*!A'86;-+9-'!*'!;+!!C.6*+*0!;+!C6+;!8'!
A'F;'X+!;(8!,A(:;'E+8!*'!-AbF.C(!H!-A+98,(A-'!,n:;.C(0!;+!Y6';;+!+E:.'9-+;!H!';!+;-(!C(8-(!C+,.-+;!*'!
,A(/''A!H!E+9-'9'A!.9FA+'8-A6C-6A+!H!8'A/.C.(8!,+A+!'8-+!CA'C.'9-'!,'A.F'A.+P!1(8!'F'C-(8!9'G+-./(8!'9!;+!
8(8-'9.:.;.*+*!*'!'8-+8!C(9*.C.(9'8!8'!A';+C.(9+9!`9-.E+E'9-'!C(9!;+!-'Eb-.C+!F.8C+;!H!*'!G+8-(!
C(E'9-+*+!+9-'A.(AE'9-'P!
B8!6AG'9-'!+8.8-.A!+!;+!C.6*+*!E'*.+9-'!69!,;+9!*'!+CC.D9!f6'!+H6*'!;+8!+6-(A.*+*'8!+!'8-+:;'C'A!E'X(A+8!
'9!';!E+9'X(!*';!CA'C.E.'9-(0!,(;`-.C+!*';!68(!*';!86';(!H!86!A';+C.D9!C(9!;(8!(-A(8!-'E+8!H!8'C-(A'8!
,A.(A.-+A.(8P!!
!
J;CB($D;J-!
B;!8'C-(A!*'![A+98,(A-'!'8!69(!*'!;(8!-'E+8!.*'9-.F.C+*(8!C(E(!,A.(A.-+A.(8!,+A+!;+!,;+-+F(AE+!2B7P!1(8!
A'86;-+*(8!*'!;+!'/+;6+C.D9!,(A!.9*.C+*(A'8!A'G.8-A+9!;+!*'8.G9+C.D9!*'!I$r!*'!;(8!.9*.C+*(A'8!'/+;6+*(8!
C(E(!A(X(8P!B8-(8!.9*.C+*(A'8!8'!C'9-A+9!'9!;+!.*'9-.F.C+C.D9!*'!,(;`-.C+8!H!,AbC-.C+8!,+A+!;+!G'8-.D9!
+*'C6+*+!,+A+!;+!*'E+9*+0!C(9-'(!*'!/`C-.E+8!,(A!+CC.*'9-'8!H!'9!;+!*.8-A.:6C.D9!*'!E(*(8!*'!
-A+98,(A-'!L,'+-(9+;!H!:.C.C;'-+MP!)8.E.8E(0!Y+9!8.*(!.986F.C.'9-'8!;(8!*+-(8!'9!';!#Qr!*'!;(8!.9*.C+*(A'80!
;(8!C6+;'8!'/+;n+9!';!68(!H!A'C6AA'9C.+!*';!-A+98,(A-'!,n:;.C(!+8`!C(E(!;+!*.8-A.:6C.D9!'9-A'!E(*(8!*'!
-A+98,(A-'!,'+-(9+;!H!:.C.C;'-+P!3(A!8`!E.8E(0!';!Y'CY(!*'!f6'!I$r!*'!;(8!.9*.C+*(A'8!F6'A+9!X64G+*(8!
C(E(!A(X(!C(;(C+9!+!'8-'!8'C-(A!C(E(!,A.(A.-+A.(P!Ub8!+;;b!*'!;+!'/+;6+C.D9!,(A!.9*.C+*(A'80!'d.8-'9!69+!
8'A.'!*'!+AG6E'9-(8!f6'!,(8.C.(9+9!+!'8-'!8'C-(A!C(E(!,A.(A.-+A.(!,+A+!C(98.*'A+A8'!'9!';!3;+9!*'!
)CC.D9P!!!

"!#$%#!&'()*+,-./'0!112!

!!1+!3+4!5!2.6*+*!7(8-'9.:;'!*';!<=>!!?!@',(A-'!B/+;6+C.D9!,(A!=9*.C+*(A'8!!!!!

!!!!!__!!!!

!
2(E(!8'!Y+!E'9C.(9+*(!+9-'A.(AE'9-'0!1+!3+4!*','9*'!'9!86!-(-+;.*+*!*'!;+!.E,(A-+C.D9!*'!
C(E:68-.:;'8P!B9!'8-'!8'9-.*(0!'8!,A'(C6,+9-'!;+!A';+C.D9!*';!9nE'A(!*'!/'Y`C6;(8!,'A!Cb,.-+!L%0#IM0!';!
,(C(!68(!*'!-A+98,(A-'!,6:;.C(!H!;+8!-+8+8!*'!CA'C.E.'9-(!*';!,+Af6'!/'Y.C6;+AP!>'8GA+C.+*+E'9-'0!9(!8'!
C6'9-+!C(9!;(8!*+-(8!f6'!C6+9-.F.C+9!';!9nE'A(!(!,A(,(AC.D9!*'!/.+X'8!6-.;.4+9*(!-A+98,(A-'!,n:;.C(g!8.9!
'E:+AG(0!'9!;+8!*.F'A'9-'8!E'8+8!*'!-A+:+X(!*6A+9-'!;+!E.8.D9!*'!.*'9-.F.C+C.D9!8'!.9*.CD!C(98-+9-'!H!
A'C6AA'9-'E'9-'!f6'!;+!,(8.C.D9!*'!;+!8(C.'*+*!*'!1+!3+4!'8!*'!9(!6-.;.4+A!-A+98,(A-'!,n:;.C(P!W9!
.9*.C+*(A!.9*.A'C-(!*'!'8-+!C(9*.C.D9!'8!f6'!';!!T$r!*';!,+Af6'!/'Y.C6;+A!*';!B8-+*(!*'!<27!8'!'9C6'9-A+!
A'G.8-A+*(!'9!1+!3+40!+;C+94+9*(!'9!#$%$!69!-(-+;!*'!TV#!N%_!/'Y`C6;(8!'9!#$%$!L=RB&=0!#$%%MP!1+!-+8+!*'!
CA'C.E.'9-(!*';!,+Af6'!/'Y.C6;+A!A'G.8-A+*+!'9-A'!%VVI!H!#$%$!F6'!*'!69!^r!L=RB&=0!#$%%M!+96+;0!;(!f6'!
,(8.C.(9+!+!1+!3+4!E6H!,(A!'9C.E+!*'!;+!-+8+8!*'!CA'C.E.'9-(!,A(E'*.(!*';!3=<!R+C.(9+;!H!B8-+-+;!*'!Nr!
H!Ir!A'8,'C-./+E'9-'!L<=>0!#$%#MP!!!
3(A!(-A(!;+*(0!;+!,A(H'CC.D9!*';!CA'C.E.'9-(!6A:+9(!H!;(8!.9*.C.(8!9'G+-./(8!+!9./';!*';!68(!*';!86';(0!
'E,'(A+9!;+8!'d,'C-+-./+8!F6-6A+8!*';!*'8'E,'a(!*'!/+A.(8!*'!;(8!.9*.C+*(A'8!*'!-A+98,(A-'P!2(E(!8'!
Y+!.9*.C+*(!'9!';!A',(A-'!*'!;+!U.8.D9!*'!=*'9-.F.C+C.D9!,(A!,+A-'!*';!'d,'A-(!'9!-A+98,(A-'0!;+!-+8+!*'!
CA'C.E.'9-(!,(:;+C.(9+;!*';!Nr!+96+;!'9!,A(E'*.(!,A'8.(9+Ab!Y+C.+!69+!E+H(A!*'E+9*+!,(A!
-A+98,(A-'0!f6'!9(!,(*Ab!8'A!8+-.8F'CY+!C(9!;+!*.8-A.:6C.D9!E(*+;!L6,0%/!)7/$*M!+C-6+;!:+8+*+!'9!';!
+6-(ED/.;!,+A-.C6;+A!L<=>0!#$%#MP!B8-+8!C(9*.C.(9'8!G'9'A+Ab9!69+!8'A.'!*'!'9C+*'9+E.'9-(8!'9!/+A.+8!
bA'+8!A';'/+9-'8!,+A+!;+!8(8-'9.:.;.*+*!*'!;+!C.6*+*0!;+8!C6+;'8!8(9!E'*.*+8!,(A!;(8!.9*.C+*(A'8!2B7P!3(A!
'X'E,;(0!:+X(!';!!,+-AD9!*'!C.6*+*!*.8,'A8+!'9!69!C(9-'d-(!'9!f6'!;+!-+8+!*'!CA'C.E.'9-(!/'Y.C6;+A!8'!
.9CA'E'9-+0!'8!F+C-.:;'!'8,'A+A!f6'!*.8E.96H+9!;(8!/.+X'8!6-.;.4+9*(!-A+98,(A-'!,n:;.C(!L.9*.C+*(A!^$M0!
+8`!C(E(!'8!,A(:+:;'!f6'!;+!!/';(C.*+*!E'*.+!'9!;(8!,A.9C.,+;'8!C(AA'*(A'8!*'!-A+98,(A-'!,n:;.C(!
-+E:.i9!*.8E.96H+!L=9*.C+*(A!^%MP!)8.E.8E(0!;(8!.9*.C+*(A'8!^$!+!^%!L8,0%/!97/$*M!'E,'(A+Ab9!*'!.G6+;!
F(AE+!f6'!;(8!.9*.C+*(A'8!f6'!'/+;n+9!;+!2(9G'8-.D9!/'Y.C6;+A!L.9*.C+*(A'8!^Q!+!Q%MP!B9!G'9'A+;0!;+8!
-'9*'9C.+8!,A(,.+8!*';!,+Af6'!/'Y.C6;+A!H!*'!*.8-A.:6C.D9!E(*+;!.9*.C+9!69!F6-6A(!E'9(8!8(8-'9.:;'!'9!
A';+C.D9!+;!-'E+!*'!-A+98,(A-'P!!
@'8,'C-(!+!;+!-A+98/'A8+;.*+*!*';!-'E+!*'![A+98,(A-'!3n:;.C(0!'8!.E,(A-+9-'!.9*.C+A!f6'!';!.9CA'E'9-(!
*'!-A+98,(A-'!,A./+*(!+!*.8-+9C.+8!Eb8!;+AG+80!*'A./+*+8!*'!;(8!96'/(8!,+-A(9'8!*'!C.6*+*!*.8,'A8+0!
.9CA'E'9-+Ab9!;+8!*'E+9*+8!+!9./';!'9'AGi-.C(ZC(E:68-.:;'0!+8`!C(E(!;+!,A(/.8.D9!H!E+9-'9.E.'9-(!*'!
.9FA+'8-A6C-6A+!*'!!C+AA'-'A+8!'!.E,+C-+Ab9!*'!F(AE+!9'G+-./+!;+!(F'A-+!*'!8'A/.C.(!*'!-A+98,(A-'!
,n:;.C(P!>':.*(!+;!:+X(!*'8'E,'a(!'C(9DE.C(!*'!;+!C.6*+*!H!+;!Y'CY(!*';!,A(:;'E+!*'!*'6*+!H!!F+;-+!*'!
C+,.-+;0!9(!8'!,(*Ab9!A'+;.4+A!;+8!E'X(A+8!9'C'8+A.+8!+!;+!A'*!*'!C+AA'-'A+8!,(A!;(!f6'!'E,'(A+Ab!';!
'8-+*(!*'!;+8!E.8E+8!+8`!C(E(!;+!C(9G'8-.D9!*'!/`+8P!!1+!C(9G'8-.D90!+!86!/'40!G'9'A+Ab!.9CA'E'9-(8!'9!
;(8!,A(:;'E+8!A';+C.(9+*(8!+;!-'E+!A6.*(0!';!C6+;!H+!8'!Y+!'/+;6+*(!C(E(!9'G+-./(!C(9!69!I$r!*'!868!
.9*.C+*(A'8!C(E(!A(X(8P!!
1+!F+;-+!*'!E(/.;.*+*!6A:+9+!.9CA'E'9-+!;+!.9'f6.*+*!6A:+9+0!*':.*(!+!f6'!;(8!GA6,(8!C(9!E'9(8!
A'C6A8(8!-+A*+Ab9!Eb8!'9!*'8,;+4+A8'!,(A!;+!C.6*+*0!*.8E.96H'9*(!868!,(8.:.;.*+*'8!*'!-A+:+X(0!
_^!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!1+!3+4!5!2.6*+*!7(8-'9.:;'!*';!<=>!!?!@',(A-'!B/+;6+C.D9!,(A!=9*.C+*(A'8!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"!#$%#!&'()*+,-./'0!112!!

!
'*6C+C.D9!H!A'CA'+C.D9P!)8.E.8E(0!'9!';!bA'+!*'!C+E:.(!C;.Eb-.C(0!69!:+X(!68(!*'!-A+98,(A-'!,n:;.C(!H!
69!CA'C.'9-'!68(!*'!-A+98,(A-'!,A./+*(!.9CA'E'9-+Ab9!;+8!'E.8.(9'8!*'!&B=0!+;'X+9*(!+!;+!C.6*+*!*'!69!
F6-6A(!Eb8!8(8-'9.:;'P!!
3(A!n;-.E(0!;(8!C(8-(8!'C(9DE.C(8!H!8(C.+;'8!868-+9C.+;'8!(C+8.(9+*(8!,(A!,iA*.*+!*'!/.*+8!8'!/'Ab9!
.9CA'E'9-+*(8!*':.*(!+!;+!.9C+,+C.*+*!H!*+a(8!E+-'A.+;'8!*'A./+*(8!*'!+CC.*'9-'80!;(8!C6+;'8!H+!'8-b9!
C(9-'E,;+*(8!'9!69!.9*.C+*(A!f6'!Y(H!*`+!C6'9-+!C(9!69!8'EbF(A(!A(X(P!!!
!
L+BCBFC(!A@B+'+$C"-(!
Ub8!+;;b!*'!;+!'/.*'9C.+!,A(,(AC.(9+*+!,(A!;(!.9*.C+*(A'8!*'!;+!,;+-+F(AE+!2B70!&'()*+,-./'!8'!
'9C6'9-A+!A'+;.4+9*(!69+!'/+;6+C.D9!*'!;+8!F.9+94+8!E69.C.,+;'80!;+!C6+;!.9C;6H'!69!!+9b;.8.8!*'!;(8!
.9GA'8(8!H!'GA'8(8!*'!;+!C6.*+*!+8`!C(E(!;+!F(AE6;+C.D9!*'!,A(,6'8-+8!*'!+CC.D90!!.9C;6H'9*(!;(8!-'E+8!
*'!*'6*+!'!.9/'A8.D9P!2(98.*'A+9*(!n9.C+E'9-'!;(8!.9*.C+*(A'8!'8!C;+A(!f6'!';!;(8!-'E+8!*'!;+!
*.E'98.D9!*'!7(8-'9.:.;.*+*!K.8C+;!H!&(:'A9+:.;.*+*!A',A'8'9-+9!';!-'E+!*'!E+H(A!6AG'9C.+!*'!;+!
C.6*+*P!1+!8.-6+C.D9!F.9+9C.'A+!*'!;+!C.6*+*!.E,+C-+!-(*(8!;(8!-'E+8!H!*.E'98.(9'8!*'!69+!F(AE+!
E'*6;+AP!!
>6A+9-'!;+!U.8.D9!*'!=*'9-.F.C+C.D90!8'!;;'/+A(9!+!C+:(!A'69.(9'8!C(9!;+8!+6-(A.*+*'8!*';!U69.C.,.(!*'!
1+!3+4!,+A+!+/+94+A!'9!;+!A'C(;'CC.D9!*'!.9F(AE+C.D9!9'C'8+A.+!,+A+!A'+;.4+A!69!*.+G9D8-.C(!*'!;+8!
F.9+94+8!E69.C.,+;'8!H!69+!,A(,6'8-+!*'!;`9'+8!*'!+CC.D9!,+A+!E'X(A+A!;+!8.-6+C.D9!F.8C+;!*';!U69.C.,.(!
1+!3+40!<+X+!2+;.F(A9.+!76AP!
B9-A'!;(8!,A.E'A(8!Y+;;+4G(8!H!'F'C-(8!8(:A'!;+!868-'9-+:.;.*+*!*'!;+!C.6*+*0!8'!Y+!.*'9-.F.C+*(!f6'!;+8!
F.9+94+8!E69.C.,+;'8!'9FA'9-+9!69!8'A.(!,A(:;'E+!*'!;.f6.*'40!G'9'A+*(!,(A!69!';'/+*(!G+8-(!'9!
8'A/.C.(8!,'A8(9+;'80!C(E,A(E.8(8!*'!C(A-(!,;+4(!,+A+!,+G(!+!,A(/''*(A'8!H!,+G(!*'!;+!*'6*+P!!7'!,A'/i!
f6'!;+!A''8-A6C-6A+C.D9!*'!;+!*'6*+!;'8!,'AE.-+!A'8(;/'A!+,'9+8!,+A-'!*'!'8-'!,A(:;'E+!*'!;.f6.*'4g!
*.F`C.;E'9-'!-'9*Ab9!'dC'*'9-'8!,+A+!A'+;.4+A!;+8!.9/'A8.(9'8!f6'!A'f6.'A'!;+!C.6*+*P!>'!9(!;;'/+A8'!+!
C+:(!'8-+8!.9/'A8.(9'80!'E,'(A+A`+!;+!,A(:;'Eb-.C+!f6'!8'!'9FA'9-+!+C-6+;E'9-'!A'8,'C-(!+!;+!,A(/.8.D90!
FA'C6'9C.+!H!'F.C.'9C.+!*'!,A'8-+C.D9!*'!8'A/.C.(8!,n:;.C(8!*'!,+A-'!*'!;+!C.6*+*P!!!
B9-A'!;+8!,(8.:;'8!(,C.(9'8!*'!8(;6C.D9!8'!*':'9!C(98.*'A+A!,A(,6'8-+8!'9!E+-'A.+!F.8C+;!;+8!C6+;'8!!
(A.'9-'9!F69*+E'9-+;E'9-'!+!f6'!;+8!+6-(A.*+*'8!E69.C.,+;'8!A'*64C+9!';!G+8-(!'9!8'A/.C.(8!,'A8(9+;'8!
H!8'!.9-A(*64C+9!E'C+9.8E(8!,+A+!'/.-+A!f6'!i8-'!8'!.9CA'E'9-'!'9!;(8!,ADd.E(8!+a(8P!>+*(!f6'!8'!
'8,'A+!69+!(,(8.C.D9!*';!8.9*.C+-(!+!;+!A'*6CC.D9!*'!,'A8(9+;0!;+!.98-A6E'9-+C.D9!*'!69!,A(GA+E+!*'!
A'-.A(!/(;69-+A.(!,+A'C'!8'A!';!C+E.9(!Eb8!+*'C6+*(P!j-A+!*'!;+8!,(8.:;'8!(,C.(9'8!*'!8(;6C.D9!'8!';!
.9CA'E'9-(!'9!.9GA'8(8!,A(,.(80!,A.9C.,+;E'9-'!';!.E,6'8-(!,A'*.+;0!.*'9-.F.C+9*(!+!;(8!,A'*.(8!f6'!
+C-6+;E'9-'!9(!8'!'9C6'9-A+9!A'G.8-A+*(8!'9!';!,+*AD9!*'!C(9-A.:6H'9-'8g!+*'Eb8!*'!,A(GA+E+8!*'!
A'C6,'A+C.D9!*'!+*'6*(8!*';!.E,6'8-(!*'!'X'AC.C.(8!+9-'A.(A'8P!

"!#$%#!&'()*+,-./'0!112!

!!1+!3+4!5!2.6*+*!7(8-'9.:;'!*';!<=>!!?!@',(A-'!B/+;6+C.D9!,(A!=9*.C+*(A'8!!!!!

!!!!!_Q!!!!

!
7.9!'E:+AG(0!-+9-(!';!,A(GA+E+!*'!A'-.A(!/(;69-+A.(!C(E(!;+!E(*'A9.4+C.D9!C+-+8-A+;!A'f6.'A'9!*'!
A'C6A8(80!;(8!C6+;'8!9(!,6'*'9!8'A!C6:.'A-(8!,(A!';!U69.C.,.(!,(A!';!,A(:;'E+!*'!;.f6.*'4!+9-'8!*'8CA.-(P!
3(A!';;(0!'8!.9*.8,'98+:;'!f6'!';!F.9+9C.+E.'9-(!*'!;+!E(*'A9.4+C.D9!C+-+8-A+;!8'!(:-'9G+!'9!,+A+;';(!+!
;+!A''8-A6C-6A+C.D9!*'!;+!*'6*+!-A+/i8!*'!<)Rj<@)7P!2(9!A';+C.D9!+;!F.9+9C.+E.'9-(!*';!,A(GA+E+!*'!
A'-.A(!/(;69-+A.(0!';!U69.C.,.(!*':'A`+!G'8-.(9+A!69!+,(H(!'d-A+(A*.9+A.(!*';!&(:.'A9(!*';!B8-+*(!(!*';!
&(:.'A9(!K'*'A+;P!
B9!/.A-6*!*'!;+!,A(:;'Eb-.C+!*'!;+8!F.9+94+8!E69.C.,+;'80!';!F.9+9C.+E.'9-(!*'!96'/(8!,A(H'C-(8!*'!
.9/'A8.D9!8D;(!8'!,(*Ab!A'+;.4+A!+!-A+/i8!*'!+8(C.+C.(9'8!,n:;.C(!,A./+*+80!H!(-A(8!Eb8!f6'!,6'*+!
F.9+9C.+A!';!&(:.'A9(!K'*'A+;!+!-A+/i8!*'!868!*./'A8(8!,A(GA+E+8!L7B>B7j10!2jR)&W)0!'-CPMP!@'8,'C-(!+;!
-'E+!*'!A'8-A6C-6A+C.D9!*'!;+!*'6*+!,n:;.C+0!8'!'8,'A+!f6'!!8'!A'-(E'9!;+!,ADd.E+!8'8.D9!*';!2(9GA'8(!
*';!B8-+*(P!7.9!'E:+AG(0!'8!.E,(A-+9-'!*'8-+C+A!f6'!9(!8'!Y+9!*'F.9.*(!868!+;C+9C'8!H!-iAE.9(8!C(9!
<)Rj<@)70!H+!f6'!8'!'8,'A+!f6'!,A.E'A(!;(!+6-(A.C'!';!2(9GA'8(!H!,(8-'A.(AE'9-'!<)Rj<@)7!;(!
8(E'-'Ab!+!868!DAG+9(8!.9-'A9(8!*'!+6-(A.4+C.D9!*'!CAi*.-(P!B;!<=>!*':'Ab!*+A!8'G6.E.'9-(!+!'8-'!-'E+P!
!

3.4 VACIO DE DATOS


)!,'8+A!*'!f6'!8'!;(GAD!'/+;6+A!69!-(-+;!*';!%$Q!.9*.C+*(A'8!*'!;(8!%TN!.9*.C+*(A'8!,A'8'9-'8!'9!;+!
n;-.E+!/'A8.D9!*'!;+!E'-(*(;(G`+!L<=>0!F':A'A(!*'!#$%#M!9(!F6'!,(8.:;'!+*f6.A.A!*+-(8!,+A+!NI!
.9*.C+*(A'8!L#TrMP!B8-(8!'8-b9!*.8-A.:6.*(8!'9!;+8!-A'8!*.E'98.(9'8!*'!;+!3;+-+F(AE+!2B7!*'!;+!8.G6.'9-'!
F(AE+J!
!

7(8-'9.:.;.*+*!

7(8-'9.:.;.*+*!

7(8-'9.:.;.*+*!K.8C+;!

U'*.(+E:.'9-+;!H!

WA:+9+!

H!&(:'A9+:.;.*+*!

%#!

%T!

V!

#Tr!

#Ir!

#Ir!

2+E:.(!2;.Eb-.C(!
R6E'A(!*'!.9*.C+*(A'8!8.9!
*+-(8!,+A+!'/+;6+C.D9!
3(AC'9-+X'!*';![(-+;!*'!
=9*.C+*(A'8!'9!;+!*.E'98.D9!

!
B;!-.,(!*'!/+C`(!*'!*+-(8!+;!f6'!';!'f6.,(!8'!'9FA'9-D!'9!1+!3+40!9(!,'AE.-.D!-+E,(C(!';!*'8+AA(;;(!*'!
,A(d.8!f6'!C(9!86F.C.'9-'!C(9F.+94+!,'AE.-.'A+9!69+!'/+;6+C.D9!,+AC.+;!*'!;(8!.9*.C+*(A'8P!B8-(8!/+C`(8!
A',A'8'9-+9!69!A'-(!8.G9.F.C+-./(!,+A+!;+!G'8-.D9!F6-6A+!*'!;+!G'8-.D9!E69.C.,+;!*'!1+!3+40!H+!f6'!8'!
/6';/'!9'C'8+A.(!C(9-+A!C(9!;+!-(-+;.*+*!*'!;(8!*+-(8!,+A+!f6'!;+!'/+;6+C.D9!H!;+!.*'9-.F.C+C.D9!*'!-'E+8!
(!8'C-(A'8!+!.9-'A/'9.A!8'!*'8+AA(;;'9!C(9!;+!C(9F.+94+!9'C'8+A.+P!1(8!/+C`(8!8'!*+9!*':.*(!+!f6'!;+!
C.6*+*!(!+6-(A.*+*!A'8,'C-./+!9(!oE.*'p!(!A',(A-+!.9F(AE+C.D9!8(:A'!;+!*.9bE.C+!+!;+!f6'!8'!A'F.'A'!';!
.9*.C+*(AP!!
_V!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!1+!3+4!5!2.6*+*!7(8-'9.:;'!*';!<=>!!?!@',(A-'!B/+;6+C.D9!,(A!=9*.C+*(A'8!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"!#$%#!&'()*+,-./'0!112!!

!
7'!A'C(E.'9*+!+!;+8!+6-(A.*+*'8!A'8,'C-./+8!.E,;'E'9-+A!69!8.8-'E+!*'!E'*.C.D9!H!A',(A-'!'9!+f6';;+8!
bA'+8!C(9!;+8!f6'!'9!'8-+!'*.C.D9!*'!;+!'/+;6+C.D9!,(A!.9*.C+*(A'8!9(!8'!;(GAD!(:-'9'A!;(8!*+-(8!
9'C'8+A.(8P!1+!'d.8-'9C.+!*'!*.CY(8!*+-(8!,'AE.-.Ab!;+!E'*.C.D9!*'!(:X'-./(8!H!;+!G'8-.D9!,(A!A'86;-+*(8P!!
)!C(9-.96+C.D9!8'!E6'8-A+!69!C6+*A(!*(9*'!8'!.9*.C+9!-(*(!;(8!.9*.C+*(A'8!f6'!9(!8'!;(GA+A(9!(:-'9'A!
*+-(8P!!
!
!
!

!!"#$%&'()!

*!

+,-./(-01!

"#$%$&'%$(!&'!&)!*+&!
,&!)(!&'&-./(!
<3'%&'1-(%$8'!,&!
%3'1(4$'('1&+!&'!&)!
($-&!

22!

0'1&'+$,(,!&'&-.21$%(!,&!)(!&%3'34/(!

25!

=$-!>*()$17!$',&?!

67!

<3'%&'1-(%$8'!,&!@A!BCD!

64!
!
62!

GH4&-3!,&!%(+3+!,&!$'#&%%$3'&+!
-&+9$-(13-$(+!
"?$+1&'%$(!7!43'$13-&3!,&!$'6&'1(-$3!J"0!

66!

"4$+$3'&+!J"0!9&-!%N9$1(!

89! A3,()!+9)$1!O!P$%$%)&1(!

69!

"4$+$3'&+!J"0!Q!@0P!

8:! A3,()!+9)$1!O!=!@$&!

6:!
!
!

"4$+$3'&+!,&!<RB!,&)!+&%13-!&'&-./(!
S&?%)*7&',3!1-('+93-1&T!
"4$+$3'&+!,&!<RB!,&)!+&%13-!1-('+93-1&!

=+$+1&'%$(!&+%3)(-!

K$3)&'%$(!

:;!

"4$+$3'&+!,&!<RB!,&)!+&%13-!-&+$,*3+!
S$'%)*7&',3!(.*(+!-&+$,*()&+!
"4$+$3'&+!,&!<RB!,&)!+&%13-!$',*+1-$()!7!
31-3+!
"4$+$3'&+!,&!<RB!,&)!+&%13-!\I<\IE!O!
E*4$,&-3+!
"4$+$3'&+!('*()&+!,&!<RB!,&;$,(+!()!
%3'+*43!&)2%1-$%3!,&!)(!%$*,(,!Q!:(;$1('1&+!
%$*,(,!
0'6&-+$8'!9H;)$%(!9-34&,$3!&'!
$'#-(&+1-*%1*-(!%-/1$%(!&'!)3+!H)1$43+!U[!
(W3+!
0'#-(&+1-*%1*-(!%-/1$%(!S&LC!(.*(]!&'&-./(]!
&1%CT!&'!-$&+.3!,&;$,3!(!%3'+1-*%%$8'!
$'(,&%*(,(!7Q3!*;$%(%$8'!&'!N-&(+!
$'4$1$.(;)&+!
@3;)(%$8'!(#&%1(,(!93-!,&+(+1-&+!'(1*-()&+!
&'!)(!%$*,(,!&'!)3+!H)1$43+!U[!(W3+!
I(+(!,&!*-;('$M(%$8'!S%-&%$4$&'13!,&!
#3319-$'1T!
^&'+$,(,!,&!&49)&3!

5:! @3;)(%$8'!&'!&,(,!&+%3)(-!-&.$+1-(,(!&'!&+%*&)(!
SUD!(!UV!(W3+T!
474! X3;3+!%3'!6$3)&'%$(!S-(9$W(T!9&-9&1-(,3+!93-!
93;)(%$8'!,&!&'1-&!UY!7!BY!(W3+!
472! Z*-13+!9&-9&1-(,3+!93-!93;)(%$8'!,&!&'1-&!UY!7!
BY!(W3+!
442! <(4(+!,&!:3+9$1()!%(,(!U[[C[[[!9&-+3'(+!

:5!

X(1$3!"49)&3+!Q!K$6$&',(!

<3'1-3)!,&!
&4$+$3'&+!J"0!
<('1$,(,!,&!
&4$+$3'&+!J"0!

63!

E&'+$;$)$,(,!(!
,&+(+1-&+!'(1*-()&+!

9;!

95!

"?93+$%$8'!(!
,&+(+1-&+!'(1*-()&+!
^&'+$,(,!*-;('(!

::!
:3!

!!"#$%&'()!

*!

5-&(+!6&-,&+!7!,&!
-&%-&(%$8'!

34! 5-&(+!6&-,&+!93-!:(;$1('1&!

+,-./(-01!

32! 5-&(+!9*;)$%(+!,&!-&%-&(%$8'!93-!:(;$1('1&!

E&.-&.(%$8'!
38! F',$%&!,&!E&.-&.(%$8'!,&!A3-('!
E3%$3&+9(%$()!
I-('+93-1&!9H;)$%3! 35! <('1$,(,!,&!6/(+!9-&#&-&'%$()&+!9(-(!&)!
1-('+93-1&!9H;)$%3!
87! K$(L&+!*1$)$M(',3!1-('+93-1&!9H;)$%3!

@-36$+$8'!,&!
+&-6$%$3+!,&!+()*,!
427! I-('+9(-&'%7!0',&?!
I-('+9(-&'%$(!7!
(*,$13-/(!,&!)(!
.&+1$8'!9H;)$%(!,&! 424! <*&'1(+!,&!)(!4*'$%$9()$,(,!(*,$1(,(+!
.3;$&-'3!

!
!

!
!

!
!
!
!
!

494! J(+13!,&!)(!$'6&-+$8'!#$L(!;-*1(!%343!93-%&'1(L&!
,&)!@0P!

0'6&-+$8'!9H;)$%(!
4*'$%$9()!

=.&'%$(+!7!
499! =.&'%$(+!9H;)$%(+!%*7(+!%*&'1(+!+3'!(*,$1(,(+!
&49-&+(+!9H;)$%(+!
93-!*'!1&-%&-3!
49:! =.&'%$(+!9H;)$%(+!>*&!-&()$M('!-&+93'+(;$)$,(,!
9H;)$%(!
@&'+$3'&+!
493! =%1$63+!(%*4*)(,3+!,&!9&'+$8'!Q!3;)$.(%$3'&+!
4*'$%$9()&+!
%3--&+93',$&'1&+!(!9&'+$8'!
<3'1-3)!,&!9(+$63+! 49;! @-$'%$9()&+!9(+$63+!%3'1$'.&'1&+!%343!
%3'1$'.&'1&+!
93-%&'1(L&!,&!9(+$63+!131()&+!
E3+1&'$;$)$,(,!,&! 4:2! <-&%$4$&'13!('*()!,&)!+&-6$%$3!,&!)(!,&*,(!
)(!,&*,(!
4*'$%$9()!

426! "?$+1&'%$(!,&!+$+1&4(+!&)&%1-8'$%3+!9(-(!&)!
+&.*$4$&'13!,&!)(!.&+1$8'!,&!)(!4*'$%$9()$,(,!

!
!
!
!
!

!
!
!
!
!

!
! !
!

!
!
!
!
!

! !

"!#$%#!&'()*+,-./'0!112!

!!1+!3+4!5!2.6*+*!7(8-'9.:;'!*';!<=>!!?!@',(A-'!B/+;6+C.D9!,(A!=9*.C+*(A'8!!!!!

!!!!!^$!!!!

3.5 SISTEMATIZACIN DE RECOLECCIN Y PROCESAMIENTO DE


DATOS
!
B;!8.8-'E+!*'!.9*.C+*(A'8!2B7!'E,;'+*(8!,+A+!;+!';+:(A+C.D9!*'!'8-'!+9b;.8.8!H!A',(A-'!,'AE.-'!E'*.A0!
C(E,+A+A!'!.*'9-.F.C+A!bA'+8!*'!.9-'A/'9C.D9!f6'!;(GA'9!E'X(A+A!;+!G'8-.D9!,+A+!;+!8(8-'9.:.;.*+*!*'!;+!
C.6*+*!*'!1+!3+4P!1+!'/+;6+C.D9!Y+!8.*(!*.8'a+*+!,+A+!C(9*6C.A8'!'9!F(AE+!Ab,.*+!H!:+8+*+!'9!69!*.8'a(!
*'!.9*.C+*(A'8!f6'!+,A(/'CY+!;(8!*+-(8!'d.8-'9-'80!'/.-+9*(!;+!.9/'8-.G+C.D9!H!G'9'A+C.D9!*'!*+-(8!
,A.E+A.(80!H!6-.;.4+9*(!'8-.E+C.(9'8!C6+9*(!8'+!9'C'8+A.(P!!
1(8!+-A.:6-(8!*';!8.8-'E+!*'!.9*.C+*(A'8!*';!<=>!,'AE.-.Ab9!!f6'!+!!E'*.*+!f6'!Eb8!H!Eb8!C.6*+*'8!*'!
)EiA.C+!1+-.9+!H!';!2+A.:'!8'!.9-'GA'9!+!;+!3;+-+F(AE+!2B7!8'!F(AE'!69+!@'*!*'!2.6*+*'8!7(8-'9.:;'80!'9!
';!f6'!8'!+,(H'!';!.9-'AC+E:.(!*'!'d,'A.'9C.+80!,69-(8!*'!A'F'A'9C.+0!E'X(A'8!,AbC-.C+8!H!;'CC.(9'8!
+,A'9*.*+8P!2+,-6A+A!H!C(E,+A-.A!'8-(8!*+-(8!9(!8D;(!+6E'9-+!';!C(9(C.E.'9-(!*'!;+8!C.6*+*'80!8.9(!f6'!
,'AE.-'!69+!'/+;6+C.D9!Ab,.*+!H!';!8'G6.E.'9-(!'F.C+4!*'!;(8!,A(GA'8(8!L<=>0!#$%%M!!
>'8+F(A-69+*+E'9-'!9(!'d.8-'!+C-6+;E'9-'!'9!1+!3+4!69+!.98-+9C.+!f6'!A'n9+!;(8!*+-(8!9'C'8+A.(8!,+A+!
A'+;.4+A!'8-+!'/+;6+C.D9!*'!69+!F(AE+!Ab,.*+!H!8.8-iE.C+P!!1+!'/+;6+C.D9!,A'8'9-+*+!'9!'8-'!A',(A-'!8'!
A'+;.4D!GA+C.+8!+!;+!C(;+:(A+C.D9!H!'8E'A(!*'!;+8!+6-(A.*+*'8!E69.C.,+;'80!;+8!C6+;'8!*'8.G9+A(9!+!;+!
>.A'C-(A+!*'!=99(/+C.D9!H!U'X(A+!@'G6;+-(A.+!UP2P!);E+!1.*.+!2(-+!jX'*+0!+!;+!+8.8-'9C.+!-iC9.C+!,A(/.8-+!
,(A!';!<=>!H!+!;+!,+A-.C.,+C.D9!*'!!*';!GA6,(!C(986;-(A!&'()*+,-./'!C(E(!C((A*.9+*(A!H!'/+;6+*(A!*'!;(8!
.9*.C+*(A'8P!>':.*(!+!;+!9'C'8.*+*!*'!C(9-.96+A!'9!69!F6-6A(!C'AC+9(!*'8+AA(;;+9*(!;+!'/(;6C.D9!,(A!
.9*.C+*(A'8!C(E(!69!+8,'C-(!F69*+E'9-+;!*'!;+!G'8-.D9!,(A!A'86;-+*(80!f6.8.iA+E(8!A'C(E'9*+A!f6'!;+!
C.6*+*!.E,;'E'9-'!69!8.8-'E+!*'!A',(A-'!f6'!8.8-'E+-.C'!;+!A'C(;'CC.D9!H!,A(C'8+E.'9-(!*'!*+-(8!'!
.9F(AE+C.D9!,+A+!,(*'A!'/+;6+A!;(8!.9*.C+*(A'8!'9!69+!F(AE+!,'A.D*.C+P!!
B8-+!9'C'8.*+*!8'!;'!Y+!Y'CY(!8+:'A!+!;+8!+6-(A.*+*'8!E69.C.,+;'8!'9!';!-A+98C6A8(!*';!*'8+AA(;;(!!*'!
'8-+!'/+;6+C.D90!,(A!;(!f6'!+;'GA+!A'C(9(C'A!;(8!n;-.E(8!'8F6'A4(8!'9!;(8!f6'!8'!,;+9'+!.9-'GA+A!;(8!
.9*.C+*(A'8!'9!';![+:;'A(!*'!2(9-A(;!*'!&'8-.D9!*';!)H69-+E.'9-(!*'!1+!3+4P!B;!E.8E(!86,(9'!f6'!C+*+!
69(!*'!;+8!*','9*'9C.+8!A'8,(98+:;'8!*'!;+!E'*.C.D9!H!A'C(;'CC.D9!*'!*+-(8!A',(A-'9!;(8!E.8E(8!*'!
69+!F(AE+!8.8-iE.C+!H!,'A.D*.C+P!B9!';!C+8(!*'!f6'!;+!G'9'A+C.D9!(!E'*.C.D9!*'!*+-(8!,+A+!;(8!
.9*.C+*(A'8!f6'!9(!8'+9!*'!C(A-'!(!A'8,(98+:.;.*+*!E69.C.,+;'80!8'!Y+!*.8C6-.*(!f6'!;+!.98-+9C.+8!Eb8!
C'AC+9+8!+;!-'E+!8'!'9C+AG6'9!*'!86!A'C(;'CC.D9P!3(A!'X'E,;(0!8'A/.C.(8!,n:;.C(8!8'Ab!';!'9C+AG+*(!*'!
A'C(;'C-+A!H!A',(A-+A!;(8!*+-(8!*'!+,(H(!f6'!,A(/'9G+9!*'!;+!2(E.8.D9!K'*'A+;!*'!B;'C-A.C.*+*P!!!
B8-(8!*+-(80!69+!/'4!A'C(;'C-+*(80!*':'Ab9!8'A!A',(A-+*(8!H!C'9-A+;.4+*(8!,+A+!86!+9b;.8.8!'9!;+!.98-+9C.+!
A'8,'C-./+!f6'!+,(H'!H!*'!8'G6.E.'9-(!+!;+!G'8-.D9!G6:'A9+E'9-+;!E69.C.,+;P!!B8-+!(AG+9.4+C.D9!H!F;6X(!
*'!.9F(AE+C.D9!.98-.-6C.(9+;!,'AE.-.Ab!;+!+6-(9(E`+!*'!;+!'/+;6+C.D9!,'A.D*.C+!H!8.8-'E+!*'!;(8!
.9*.C+*(A'8!*'!;+!,;+-+F(AE+!2B7P!)8.E.8E(0!86!,6:;.C+C.D9!+H6*+Ab!+!;(8!+8,'C-(8!*'!-A+98,+A'9C.+!H!
G'8-.D9!,(A!A'86;-+*(8P!!!
^%!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!1+!3+4!5!2.6*+*!7(8-'9.:;'!*';!<=>!!?!@',(A-'!B/+;6+C.D9!,(A!=9*.C+*(A'8!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"!#$%#!&'()*+,-./'0!112!!

!
!

"!#$%#!&'()*+,-./'0!112!

!!1+!3+4!5!2.6*+*!7(8-'9.:;'!*';!<=>!!?!@',(A-'!B/+;6+C.D9!,(A!=9*.C+*(A'8!!!!!

!!!!!^#!!!!

^N!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!1+!3+4!5!2.6*+*!7(8-'9.:;'!*';!<=>!!?!@',(A-'!B/+;6+C.D9!,(A!=9*.C+*(A'8!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"!#$%#!&'()*+,-./'0!112!!

REFERENCIAS
!
!
)9-'f6'A+!.!<+.G'-0!h(8',!!B9A.C!2+AA'A+!&+;;.88bP!o=9*.C+*(A'8!*'!7(8-'9.:.;.*+*Pp!
Y--,JZZ,(A-+;8(8-'9.:.;.*+*P6,CP'*6Z*'-+;;$%P,Y,96E+,+A-+-%.*^I!
!
)H69-+E.'9-(!*'!1+!3+4!H!7)3)P!oB;!)G6+!'9!';!U69.C.,.(!*'!1+!3+4Pp!L9(/.'E:A'!#$%%M!
!
<+9C(!=9-'A9+C.(9+;!*'!>'8+AA(;;(P!oUid.C(0!1+!3+40!<+X+!2+;.F(A9.+!76AJ!3A(GA+E+!*'!2.6*+*'8!BE'AG'9-'8!H!
7(8-'9.:;'8!L2B7M0!U.8.D9!*'!=*'9-.F.C+C.D9!*';!_!+;!%$!*'!F':A'A(!*'!#$%#Pp!K':A'A(!%^0!#$%#P!
!
<'AE'X(0!#$$%P!BC(9(E`+!8(8-'9.:;'0!,A.9C.,.(8!C(9C',-(8!'!.98-A6E'9-(8P!<+S'+40!3+`8!m+8C(P!
!
=RB&=0!#$%$P!2'98(!R+C.(9+;!*'!3(:;+C.D9!H!m./.'9*+!*'!Uid.C(P!!
!
=98-.-6-(!R+C.(9+;!*'!B8-+*`8-.C+!H!&'(GA+F`+!L#$%$MP!3A.9C.,+;'8!A'86;-+*(8!,(A!;(C+;.*+*!L=[B@MP!!
!
=9-'Ac)E'A.C+9!>'/';(,E'9-!<+9SP!BE'AG.9G!768-+.9+:;'!2.-.'8!3;+-F(AE!]':8.-'P!1+8-!)CC'88!R(/P!#$%%!
!
e6.A(G+0!#$$%P!=9*.C+*(A'8!*'!7(8-'9.:.;.*+*!+E:.'9-+;!H!*'!*'8+AA(;;(!8(8-'9.:;'J!B8-+*(!*';!)A-'!H!,'A8,'C-./+8P!
2B3)10!7+9-.+G(!*'!2Y.;'P!
!
7-'.9.-40!2P0!@P!K+A.80!'-!+;P!L#$$IMP!x)!868-+.9+:;'!,+-Y!>'C.*.9G!-Y'!F6-6A'!(F!1+!3+4Px!B9/.A(9E'9-!T^L_MJ!#TcNQP!
!
!
!
:6;&1'1)!1'!1/!$'<,561!<=15,'!*,6%0,)!01!/%)!)$&=$1'*1!7;&$'%)!>1?!@!
!
Y--,JZZOOOP/'9-+9+8+;+,+4PC(EZ.E+G'8Z;+c,+4c:+X+cC+;.F(A9.+c86AcE+;'C(9PX,G!!LI!E+A4(!#$%#M!
!
Y--,JZZOOOP;+c,+4c:C8PC(EZO,cC(9-'9-ZG+;;'AHZ+A-.C;',.C8Z;+,+4+.APX,G!!LI!E+A4(!#$%#M!
!
Y--,JZZ8-+-.CP,+9(A+E.(PC(EZ,Y(-(8Z(A.G.9+;Z#^VQNIVTPX,G!!LI!E+A4(!#$%#M!
!
Y--,JZZNP:,P:;(G8,(-PC(EZ/u_\#HA3dq(Z@%[U(AOEe)=Z))))))))<FSZuWG=2ej9^2BZ8%_$$c
@Z1+3+4R(/#$$^$INPX,G!!LI!E+A4(!#$%#M!

"!#$%#!&'()*+,-./'0!112!

!!1+!3+4!5!2.6*+*!7(8-'9.:;'!*';!<=>!!?!@',(A-'!B/+;6+C.D9!,(A!=9*.C+*(A'8!!!!!

!!!!!^T!!!!

APNDICE
A. Hojas de Diagnstico:
Tema: Agua

Ficha de Diagnstico
B9-A'/.8-+*(!Z!)8.8-'9-'!
R(E:A'!

2+AG(!Z!B9-.*+*!

2(AA'(!';'C-AD9.C(!

%P=R&!&'AEb9!@6.4!3+*.;;+!

>.A'C-(A!&'9'A+;!jjU7)3)7!

#P=R&!B;8+!)G6*'4!)E+*(A!

>.A'C-(A![iC9.C(!!

-'C9.C+,+4Y(-E+.;PC(E!

N&'A+A*(!P2Y.O!W94D9!
TP!3'-'A!3+--'A8(9!

7'CA'-+A.(![iC9.C(!jj7)3)7!
>.A'C-(A!&6+A*.+9'8!*';!)G6+!

G'A+A*(CY.O6H+Y((PC(EPEd!
,'-'AG6+A*.+9'8*';+G6+P(AG!

IP&+:A.';!3+-AD9!2(,,'A!

2((A*.9+*(A!*';!3A(GA+E+!)G6+0!
R=3)@)7)!
2(8-+8!1+!3+4!H!R.,+A+X+!
3A(88+,H8!2jR)&W)!
h'F'!*';!*',+A-+E'9-(!*'!+G6+8!
86:-'AAb9'+80!2jR)&W)!
3A'8.*'9-'!2(98'X(!*'!C6'9C+!

&+:A.';,+-A(99.,+A+8+P(AG!

_P1(A'94(!2+8-+a'*+!
^Ph6;.(!2!>(E`9G6'4!u'A9b9*'4!
QP!h(8'!16.8!U'4+![A'X(!
VP2+A;(8!B8-A+*+![+;+E+9-'8!

2.-A68;+,+4GE+.;PC(E!
h6;.(P*(E.9G6'4C(9+G6+PG(:PEd!
h(8'PE'4+C(9+G6+PG(:PEd!
C'8-A+*+*'C(,'PC(EPEd!

!
=9*.C+*(A'8!L}%c_MJ!
!
2(9*.C.(9'8!)C-6+;'8J!
26b;'8!8(9!;(8!A'-(8!f6'!;+!C6.*+*!'8-b!'d,'A.E'9-+9*(!C(9!+;!A'C6A8(!Y`*A.C(!)GA+*'C'A'E(8!.9*.f6'!
;+!.98-+9C.+!(!,'A8(9+!+!C+AG(!*';!-'E+P!
%P Bd.8-'!A+C.(9+E.'9-(!L8'A/.C.(!,A(E'*.(0!T!Y(A+8!+;!*`+MP!
#P 2(9-A(;!*'!;+!*'E+9*+P!L';!C(986E(!,6'*'!'8-+A!+;-(!*':.*(!+!F+;-+!*'!E'*.*(A'8!H!!
'8-A6C-6A+!-+A.F+A.+!.9+*'C6+*+P!@'8,(98+:;'!jU7)3)7!
NP u+H!f6'!.9C(A,(A+A!96'/+8!F6'9-'8!*'!+G6+P!
!
B;!+C6`F'A(!'8-b!8(:A''d,;(-+*(P!@'8,(98+:;'80!2jR2)&W)!H!jU7)3)7! !
!
!
!
!
26b;'8!8(9!;(8!,A(H'C-(8!'!.9.C.+-./+8!'d.8-'9-'8!!f6'!+:(A*+9!';!-'E+!*';!CN@C!=9*.C+!;+8!'9-.*+*'8!+!C+AG(!
*';!,A(H'C-(P!

3A(H'C-(!'!.9.C.+-./+8!

B9-.*+*'8!

%P!=98-+;+C.D9!*'!E'*.*(A'8!H!2(9-A(;!*'!F6G+8!L+6-(E+-.4+C.D9!*';!8.8-'E+!H!

jjU7)3)7!

A'Y+:.;.-+C.D9!*'!/b;/6;+8!,+A+!A'(AG+9.4+A!8'C-(A.4+C.D9M!

!
!

#P!>'8+AA(;;(!*'!96'/+!F6'9-'J!)C6`F'A(!';!2+AA.4+;!!

jjU7)3)7!

NP@'C+AG+!*';!+C6`F'A(!1+!3+4!

>B2j3Bc2jR)&W)!

TP!>'8+;.9.4+*(A+!!

jjU7)3)7!

IP!=9-'AC+E:.(!*'!+G6+!*'!;(8!*'A'CY(8!*'!68(!*';!+G6+!86:-'AAb9'+!*'!;(8!A'G+9-'8!,(A!

jjU7)3)7c2(E.-i!-iC9.C(!*';!

+G6+!A'8.*6+;!-A+-+*+!,+A+!68(!+GA`C(;+!!

+C6`F'A(c2jR)&W)!

^I!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!1+!3+4!5!2.6*+*!7(8-'9.:;'!*';!<=>!!?!@',(A-'!B/+;6+C.D9!,(A!=9*.C+*(A'8!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"!#$%#!&'()*+,-./'0!112!!

=9-'A/'9C.(9'8J!
)*'Eb8!*'!;+8!.9.C.+-./+8!'9!C6A8(!26b;'8!8(9!;+8!(-A+8!+CC.(9'8!f6'!,(*A`+9!+H6*+A!+!8(;6C.(9+A!;(8!A'-(8!
A'8,'C-(!+;!10591.3!4R:1753!L'9!86!(A*'9!*'!,A'F'A'9C.+MP!=9*.C+!C(9!69+!I!8.!;+8!+CC.(9'8!8(9!+!C(A-(0!
E'*.+9(!(!;+AG(!,;+4(P!
)CC.(9'8!Z!7(;6C.(9'8!
2(A-(! U'*.+9(! 1+AG(!
3;+4(!
3;+4(!
3;+4(!
%P!!)CC.(9'8!,+A+!A'*6C.A!C(986E(J!.9(*(A(8!*'!:+X(!C(986E(!
#P!2+E,+a+8!*'!C6;-6A+!*';!+G6+!

I!
I!

!
!

!
!

!
26b;!'8!';!,A'86,6'8-(!*'!C+*+!69+!*'!'8-+8!.9-'A/'9C.(9'8Z8(;6C.(9'8!
%P
#P
NP
TP

IP

3A(H'C-(!*'!E+9'X(!*'!;+!*'E+9*+!f6'!C(98.8-'!'9!;+!C(;(C+C.D9!*'!E+CA(!H!E.CA(!E'*.*(A'8!LU'dsN#!
E.;;(9'8M0!!
>'8+AA(;;(!*'!69+!:+-'A`+!*'!,(4(8!'9!';!+C6`F'A(!2+AA.4+;'8!H!C(98-A6CC.D9!*';!+C6'*6C-(M!,+A+!C'AA+A!
,(4(8!*';!+C6`F'A(!1+!3+4!H!+8`!A'*6C.A!;+!8(:A'd,;(-+C.D9P!LU'dsTTQ!E.;;(9'8M!
@'C+AG+!*';!+C6`F'A(!1+!3+4!E'*.+9-'!;+!C(98-A6CC.D9!*'!,A'8+8!A'-'9'*(A+8!*'!+/'9.*+8P!B8-'!,A(H'C-(!
A'C+AG+A`+!*.A'C-+E'9-'!';!+C-6+;!C(9(!'!+:+-.E.'9-(!*';!+C6`F'A(!f6'!'8!';!,A.9C.,+;!C+68+9-'!*'!;+!
.9-A68.D9!E+A.9+PLU'ds^I!E.;;(9'8M!
>'8+;.9.4+*(A+!L#$$;-8!*';!,A.E'A(!*'!-A'8!ED*6;(8M0!;+!C6+;!8'A`+!*'8+AA(;;+*+!,(A!';!8'C-(A!,A./+*(!H!
/'9*'A`+!+G6+!'9!:;(f6'!+!jjU7)3)7P!LU'ds!TIQ!E.;;(9'8!*';!-(-+;!*';!,A(H'C-(!*'!U'ds%0N^$!E.;;(9'8M!
=9.C.+-./+8!*'!+Y(AA(!*'!+G6+!L.9(*(A(8!*'!:+X(!C(986E(!*'!+G6+M!LU'ds%!E.;;D9M!

=E,+C-(J!
e6i!.E,+C-(8!-.'9'9!'8-(8!A'-(8!'9!E+-'A.+!*'!CN@C!8(:A'!;+!8(8-'9.:.;.*+*!*'!1+!3+4!
7.!8'!E+9-.'9'!';!+C-6+;!8.8-'E+!*'!+G6+!,(-+:;'!8'!,'A*'Ab!,+A+!8.'E,A'!';!+C6`F'A(!1+!3+4!'9!';!C(A-(!
,;+4(!L';!8.8-'E+!9(!'8!8(8-'9.:;'MP!7.!8'!,.'A*'!;+!8(;6C.D9!*'!-A+'A!+G6+!,(-+:;'!8'Ab!*'!+;-(!C(8-(P!!
1+!*'F.C.'9C.+!'9!';!8'A/.C.(!*'!+G6+!,(-+:;'!.E,+C-+!*.A'C-+E'9-'!'9!';!*'8+AA(;;(!*'!1+!3+4!C(E(!C'9-A(!
-6A`8-.C(0!'9!';!*'8+AA(;;(!'C(9DE.C(!*'!;+!C(E69.*+*!H!'9!;+!8+;6*!H!:.'9'8-+A!*'!;+!,(:;+C.D9P!
!
e6i!.E,+C-(!-.'9'9!'9!;+8!F.9+94+8!E69.C.,+;'8!

7.!8'!,.'A*'!;+!F6'9-'!*';!+C6`F'A(!*'!1+!3+40!;+!E69.C.,+;.*+*!*':'Ab!.9/'A-.A!'9!*'8+;.9.4+*(A+8!,+A+!
,A(*6C.A!;(8!%$$$;-8!f6'!,A(*6C'!';!+C6`F'A(P!B;!C(8-(!8'A`+!*'!s!N$$$!E.;;(9'8!,+A+!A'E,;+4+A!;+8!F6'9-'8!
+C-6+;'8P!
e6i!,+,';!,6'*'!-'9'A!;+!8(C.'*+*!C./.;!'9!;+8!,(8.:;'8!8(;6C.(9'80!,A(H'C-(8!(!.9.C.+-./+8!
[A+:+X+A!'9!,A(GA+E+8!*'!C(9C.'9-.4+C.D9!-+;'8!C(E(!;+!26;-6A+!*';!)G6+PP!)*.C.(9+;E'9-'0!+C-6+;E'9-'!
-.'9'9!,A(GA+E+8!*'!C+E:.(!*'!+,+A+-(8!8+9.-+A.(8!*'!:+X(!C(986E(!*'!+G6+!-+;'8!C(E(!.9(*(A(80!
*6CY+80!'-CP!

!
!
!

"!#$%#!&'()*+,-./'0!112!

!!1+!3+4!5!2.6*+*!7(8-'9.:;'!*';!<=>!!?!@',(A-'!B/+;6+C.D9!,(A!=9*.C+*(A'8!!!!!

!!!!!^_!!!!

h6A.8*.CC.D9J!
e6i!+6-(A.*+*!-.'9'!;+!C.6*+*!8(:A'!';!E+9'X(!*';!10591.3!4R:1753!76!*.8-A.:6C.D9!!!!!!!!
R.9G69+P!u+C'!,+A-'!*';!C(E.-i!-iC9.C(!*'!E+9'X(!*';!+C6`F'A(!1+!3+4P!B;!A'8,(98+:;'!'8!2jR)&W)P!

!
7'G6.E.'9-(!H!U(9.-(A'(J!
Bd.8-'!+;Gn9!8.8-'E+!'9!;+!C.6*+*!,+A+!E'*.A!';!E'X(A+E.'9-(!(!*'-'A.(A(!*'!;+!C(:'A-6A+0!*.8,(9.:.;.*+*!H!
68(!'F.C.'9-'!*';!!CN@C!

7.P!1+!'E,A'8+!*'!+G6+!jjU7)3)7!-.'9'!69!8.8-'E+!*'!E(9.-(A'(!*'!C(:'A-6A+P!7.9!'E:+AG(!9(!-.'9'!69!
8.8-'E+!*'!E+CA(!H!E.CA(E'*.C.D9!f6'!,'AE.-.A`+!E(9.-(A'+A!';!68(!'F.C.'9-'P!B8-'!8.8-'E+!8'!'8-b!
.E,;'E'9-+9*(!L8'!.E,;'E'9-D!';!I$rM!,'A(!8'!9'C'8.-+!A'C6A8(8!F.9+9C.'A(8!,+A+!-'AE.9+A;(P!!

Bd.8-'!;+!C+,+C.*+*!'9!';!E69.C.,.(!,+A+!;.*.+A!C(9!;(8!A'-(8!f6'!'9FA'9-+9!C(9!';!10591.3!4R:1753!!
=9*.C+!C(9!69+!I!f6'!-.,(!*'!C+,+C.*+*!-.'9'P!!
!7(;6C.(9'8!+!;(8!,A(:;'E+8J!
%!>'8+AA(;;(!*'!96'/+!F6'9-'J!)C6`F'A(!';!2+AA.4+;!!

2+,+C.*+*!

2+,+C.*+*!

=98-.-6C.(9+;!

[iC9.C+!

>':'!,'*.A!

I!

,'AE.8(!+!
2jR)&W)!
#P!@'C+AG+!*';!+C6`F'A(!1+!3+4!
NP!>'8+;.9.4+*(A+!
TP!=9-'AC+E:.(!*'!+G6+!*'!;(8!*'A'CY(8!*'!68(!*';!+G6+!86:-'AAb9'+!*'!;(8!A'G+9-'8!,(A!

I!

I!

I!

I!

+G6+!A'8.*6+;!-A+-+*+!,+A+!68(!+GA`C(;+!

!
R(-+8!)*.C.(9+;'8J!
cjjU7)3)7!2;(A+!;+8!+G6+8!A'8.*6+;'8!+9-'8!*'!'9-A'G+A;+8!+!;(8!+GA.C6;-(A'8!,+A+!A.'G(!*'!Y(A-+;.4+8P!!
!
c7'!*':'Ab!/'A.F.C+A!f6'!9(!8'!'8-i9!CA'+9*(![@=u)1jUB[)Rj7!C(9!'8-+!,AbC-.C+!H+!f6'!'8-'!'8!69!';'E'9-(!
C+9C'A`G'9(P!
!

^^!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!1+!3+4!5!2.6*+*!7(8-'9.:;'!*';!<=>!!?!@',(A-'!B/+;6+C.D9!,(A!=9*.C+*(A'8!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"!#$%#!&'()*+,-./'0!112!!

Tema: Saneamiento

Ficha de Diagnstico

B9-A'/.8-+*(!Z!)8.8-'9-'!
R(E:A'!

2+AG(!Z!B9-.*+*!

2(AA'(!';'C-AD9.C(!

%P=R&!&'AE+9!@6.4!3+*.;;+!

>.A'C-(A!&'9'A+;!jjU7)3)7!

[';!%#NcQ_$%!

#P=R&!B;8+!)G6*'4!)E+*(A!

>.A'C-(A![iC9.C(!!

-'C9.C+,+4Y(-E+.;PC(E!

NP!&'A+A*(!P2Y.O!W94D9!
!
IP&+:A.';!3+-AD9!2(,,'A!

7'CA'-+A.(![iC9.C(!jj7)3)7!
!
2((A*.9+*(A!*';!3A(GA+E+!)G6+0!
R=3)@)7)!
2(8-+8!1+!3+4!H!R.,+A+X+!
W9+!2+8+!,+A+![(*(8!

G'A+A*(CY.O6H+Y((PC(EPEd!
!
&+:A.';,+-A(99.,+A+8+P(AG!

_P1(A'94(!2+8-+a'*+!
^P)A-6A(!<';-Ab9!7+9*'4!

2.-A68;+,+4GE+.;PC(E!
+A-6A(:';-A+9Y(-E+.;PC(E!

!
=9*.C+*(A'8L}!_cVMJ!
!
2(9*.C.(9'8!)C-6+;'8J!
26b;'8!8(9!;(8!A'-(8!f6'!;+!C6.*+*!'8-b!'d,'A.E'9-+9*(!C(9!;(8!-'E+8!*'!.#60#?706/3!
)GA+*'C'A'E(8!.9*.f6'!;+!.98-+9C.+!(!,'A8(9+!+!C+AG(!*';!-'E+P!
%P!B;!8.8-'E+!*'!-A+-+E.'9-(!*'!+G6+8!A'8.*6+;'8!9'C'8.-+!A'Y+:.;.-+C.D9!H!+E,;.+C.D9!H+!f6'!;+!C+,+C.*+*!
*'!-A+-+E.'9-(!'8-b!C(,+*+!
!
!
!
!
!
#P!1+!A'*!*'!+;C+9-+A.;;+*(!*';!C'9-A(!*'!;+!C.6*+*!L!;+!E+8!+9-.G6+M!*':'!8'A!A'9(/+*+! !
!
!
26b;'8!8(9!;(8!,A(H'C-(8!'!.9.C.+-./+8!'d.8-'9-'8!!f6'!+:(A*+9!;(8!-'E+8!*'!.#60#?706/3!=9*.C+!;+8!
'9-.*+*'8!+!C+AG(!*';!,A(H'C-(!
3A(H'C-(!'!.9.C.+-./+8!
B9-.*+*'8!
%P

2(98-A6CC.D9!*'!,;+9-+!*'!-A+-+E.'9-(!96'/+!L,A.E'A!ED*6;(!*'!#I$!;-8M!

jjU7)3)7!

#P

@'Y+:.;.-+C.D9!*'!;+!,;+9-+!'d.8-'9-'!

jjU7)3)7!

NP

@'Y+:.;.-+C.D9!*'!;+!A'*!*'!+;C+9-+A.;;+*(!*';!C'9-A(!

jjU7)3)7!

=9-'A/'9C.(9'8J!
)*'Eb8!*'!;+8!.9.C.+-./+8!'9!C6A8(!26b;'8!8(9!;+8!(-A+8!+CC.(9'8!f6'!,(*A`+9!+H6*+A!+!8(;6C.(9+A!;(8!A'-(8!
A'8,'C-(!+!;(8!-'E+8!*'!.#60#?706/3!L'9!86!(A*'9!*'!,A'F'A'9C.+MP!=9*.C+!C(9!69+!I!8.!;+8!+CC.(9'8!8(9!+!
C(A-(0!E'*.+9(!(!;+AG(!,;+4(P!
)CC.(9'8!Z!7(;6C.(9'8!

2(A-(!

U'*.+9(!

1+AG(!

3;+4(!

3;+4(!

3;+4(!

I!

,A(GA+E+!*'!C+,-6A+!*'!+C'.-'8!!

!
!
!
!

"!#$%#!&'()*+,-./'0!112!

!!1+!3+4!5!2.6*+*!7(8-'9.:;'!*';!<=>!!?!@',(A-'!B/+;6+C.D9!,(A!=9*.C+*(A'8!!!!!

!!!!!^Q!!!!

!
26b;!'8!';!,A'86,6'8-(!*'*.C+*(!+!C+*+!69+!*'!'8-+8!.9-'A/'9C.(9'8Z8(;6C.(9'8!
%P

2(98-A6CC.D9!*'!69+!96'/+!,;+9-+!*'!-A+-+E.'9-(!*'!+G6+8!A'8.*6+;'8!L!U'ds_$Q!!E.;;(9'8MP!!

#P

@'Y+:.;.-+C.D9!*'!;+!,;+9-+!+C-6+;!L!U'ds%T!E.;;(9'8MP!

!
=E,+C-(J!
e6i!.E,+C-(8!-.'9'9!'8-(8!A'-(8!*'!;(8!-'E+8!*'!.#60#?706/3!8(:A'!;+!8(8-'9.:.;.*+*!*'!1+!3+4!
B9!C+8(!*'!9(!-A+-+A!;+8!+G6+80!8'!C(9-+E.9+A`+!;+!:+Y`+!H!';!-6A.8E(!8'!,(9*A`+!'9!A.'8G(!+8`!C(E(!';!
:.'9'8-+A!*'!;+!,(:;+C.D9!*'!;+!C.6*+*!*'!1+!3+4P!
!
e6i!.E,+C-(!-.'9'9!'9!;+8!F.9+94+8!E69.C.,+;'8!

3iA*.*+!'9!.E,6'8-(8!+!;+!Y(-';'A`+!H!-6A.8E(P!
!
e6i!,+,';!,6'*'!-'9'A!;+!8(C.'*+*!C./.;!'9!;+8!,(8.:;'8!8(;6C.(9'80!,A(H'C-(8!(!.9.C.+-./+8!
2(9C.'9-.4+C.D9!*'!;+!,(:;+C.D9!8(:A'!';!,A(GA+E+!*'!C+,-6A+!*'!+C'.-'8P!

h6A.8*.CC.D9J!
e6i!+6-(A.*+*!-.'9'!;+!C.6*+*!8(:A'!';!E+9'X(!*'!;(8!-'E+8!.#60#?706/3!76!*.8-A.:6C.D9!!!!
1+!'E,A'8+!jjU7)3)70!1+!7'CA'-+A`+!*'!7+;6*!H!2jR)&W)P!

7'G6.E.'9-(!H!U(9.-(A'(J!
Bd.8-'!+;Gn9!8.8-'E+!'9!;+!C.6*+*!,+A+!E'*.A!';!E'X(A+E.'9-(!(!*'-'A.(A(!*'!;+!C(:'A-6A+0!*.8,(9.:.;.*+*!H!
68(!'F.C.'9-'!*'!;(8!-'E+8!*'!.#60#?706/3!
7.P!7'!E(9.-(A'+!;+!C+;.*+*!*';!+G6+!+!;+!8+;.*+!*'!;+!,;+9-+!*'!-A+-+E.'9-(!*'!+G6+8!A'8.*6+;'8!H!'9!
C6'A,(8!*'!+G6+!C(E(!;+!<+Y`+!,(AJ!jjU7)3)70!1+!7'CA'-+A`+!*'!7+;6*!H!2jR)&W)P!

!
Bd.8-'!;+!C+,+C.*+*!'9!';!E69.C.,.(!,+A+!;.*.+A!C(9!;(8!A'-(8!f6'!'9FA'9-+9!C(9!;(8!-'E+8!*'!.#60#?706/3!!
=9*.C+!C(9!69+!I!f6'!-.,(!*'!C+,+C.*+*!-.'9'P!!
!7(;6C.(9'8!+!;(8!,A(:;'E+8J!

2+,+C.*+*!

2+,+C.*+*!

=98-.-6C.(9+;!

[iC9.C+!

%P

2(98-A6CC.D9!*'!,;+9-+!*'!-A+-+E.'9-(!96'/+!L,A.E'A!ED*6;(!*'!#I$!;-8M!

I!

I!

#P

@'Y+:.;.-+C.D9!*'!;+!,;+9-+!'d.8-'9-'!

I!

I!

NP

@'Y+:.;.-+C.D9!*'!;+!A'*!*'!+;C+9-+A.;;+*(!*';!C'9-A(!

I!

I!

^V!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!1+!3+4!5!2.6*+*!7(8-'9.:;'!*';!<=>!!?!@',(A-'!B/+;6+C.D9!,(A!=9*.C+*(A'8!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"!#$%#!&'()*+,-./'0!112!!

Tema: Residuos Solidos

Ficha de Diagnstico
B9-A'/.8-+*(!Z!)8.8-'9-'!
R(E:A'!

2+AG(!Z!B9-.*+*!

2(AA'(!';'C-AD9.C(!

%PU+A.(!!H!&'(AG.9+!3'9+!

@'C.C;+*(A+!*'!1+!3+4!

A'C;+,+4H+Y((PC(EPEd!

#PWA.';!7+9-+9+!

2((A*.9+*(A!+8'8(A'8!

6A.';'88GE+.;PC(E!

NP2'8+A!3(4(!h!
TP!U.G6';!)9G';!&'.G'A!

7'A/.C.(8!3n:;.C(8!
7'A/.C.(8!3n:;.C(8!

=9G,(4(Y(-E+.;PC(E!
E+G'.G'AY(-E+.;PC(E!

IPW;.8'8!jE+A!<'C'AA+!
_P);E+!1.*.+!2(-+!jX'*+!
^Ph6+9!*'!;+!3'a+!

)8'8(A!=m!A'G.*6A`+!!
>.A'C-(A+!=RR!H!U'X(A+!@'G!
>.A'C-(A!&'9'A+;!7'A/.C.(8!3n:;.C(8!

jE+AP:'C'AA+Y(-E+.;PC(E!
+;*HC(-+Y(-E+.;PC(E!
!

!
=9*.C+*(A'8!L}%$c%_MJ!
!
2(9*.C.(9'8!)C-6+;'8J!

26b;'8!8(9!;(8!A'-(8!f6'!;+!C6.*+*!'8-b!'d,'A.E'9-+9*(!C(9!;+!G'8-.D9!*'!A'8.*6(8!8(;.*(8!
)GA+*'C'A'E(8!.9*.f6'!;+!.98-+9C.+!(!,'A8(9+!+!C+AG(!*';!-'E+P!
%P!1+!*.8,(8.C.D9!F.9+;!*'!;(8!A'8.*6(8!8D;.*(8!!8'!Y+C'!'9!69!bA'+!C6H+8!C+A+C-'A`8-.C+8!9(!C6E,;'!'9!F(AE+!
-(-+;!C(9!;+8!C(9*.C.(9'8!-iC9.C+8!*'!69!A';;'9(!8+9.-+A.(!LA'C(;'CC.D9!H!-A+-+E.'9-(!*'!;.d./.+*(8!H!E+9'X(!
*'!G+8'8MP!)*'Eb80!;+!E+f6.9+A.+!6-.;.4+*+!'9!';!A';;'9(!'8-b!'9!69+!C(9*.C.D9!,A'C+A.+P! !
#P!W9!I$r!*';!,+Af6'!+6-(E(-(A!*'8-.9+*(!+!;+!A'C(;'CC.D9!F6'!A'+C(9*.C.(9+*(!A'C.'9-'E'9-'!,+A+!
'd-'9*'A!86!/.*+!n-.;!I+a(8P!
!
!
!
!
!
NP!7'!A'C.C;+!n9.C+E'9-'!';!Tr!*'!;(8!A'8.*6(8P!K+;-+!,(A!.E,;'E'9-+A!69!,A(GA+E+!*'!A'C.C;+X'!H!*'!
C(E,(8-P!
TP!@'*6CC.D9!*'!C(8-(8!*'!(,'A+C.D9!!
!
!
!
!
!
26b;'8!8(9!;(8!,A(H'C-(8!'!.9.C.+-./+8!'d.8-'9-'8!!f6'!+:(A*+9!';!-'E+!*';!;0.7:93.!(><7:3.!=9*.C+!;+8!
'9-.*+*'8!+!C+AG(!*';!,A(H'C-(!
3A(H'C-(!'!.9.C.+-./+8!
B9-.*+*'8!
%P

@'+C(9*.C.(9+E.'9-(!*';!A';;'9(!,+A+!C6E,;.A!C(9!9(AE+8!!

#P

@',(8.C.D9!*';!,+Af6'!+6-(E(-(A!

>.A'CC.D9!&'9'A+;!*'!
7'A/.C.(8!3n:;.C(8!

>.A'CC.D9!&'9'A+;!*'!
7'A/.C.(8!3n:;.C(8!

NP
TP

2(98-A6CC.D9!*'!'8-+C.D9!*'!-A+98F'A'9C.+!f6'!.9C;6H'!'f6.,(!,+A+!
A'C.C;+A!

>.A'CC.D9!&'9'A+;!*'!

3A(GA+E+8!*'!C(9C.'9-.4+C.D9!'9!'8C6';+8J!.98,'C-(A'8!*'!:+86A+!H!
h69-(8!,(A!-6!'8C6';+P!

>.A'CC.D9!&'9'A+;!*'!

7'A/.C.(8!3n:;.C(8!
7'A/.C.(8!3n:;.C(8!

!
!

"!#$%#!&'()*+,-./'0!112!

!!1+!3+4!5!2.6*+*!7(8-'9.:;'!*';!<=>!!?!@',(A-'!B/+;6+C.D9!,(A!=9*.C+*(A'8!!!!!

!!!!!Q$!!!!

=9-'A/'9C.(9'8J!
)*'Eb8!*'!;+8!.9.C.+-./+8!'9!C6A8(!26b;'8!8(9!;+8!(-A+8!+CC.(9'8!f6'!,(*A`+9!+H6*+A!+!8(;6C.(9+A!;(8!A'-(8!
A'8,'C-(!+!;0.7:93.!(><7:3.!L'9!86!(A*'9!*'!,A'F'A'9C.+MP!=9*.C+!C(9!69+!I!8.!;+8!+CC.(9'8!8(9!+!C(A-(0!
E'*.+9(!(!;+AG(!,;+4(P!
)CC.(9'8!Z!7(;6C.(9'8!

2(A-(!
3;+4(!

U'*.+9(!
3;+4(!

%P

3;+9-+!*'!A'C.C;+X'!

I!

#P

2(E,(8-+X'!

I!

NP

&'9'A+C.D9!*'!'9'AG`+!';iC-A.C+!

I!

1+AG(!
3;+4(!

!
26b;!'8!';!,A'86,6'8-(!*'*.C+*(!+!C+*+!69+!*'!'8-+8!.9-'A/'9C.(9'8Z8(;6C.(9'8!
@'+C(9*.C.(9+E.'9-(!*';!A';;'9(!,+A+!C6E,;.A!C(9!9(AE+80!U'ds!#Q!E.;;(9'8!
@',(8.C.D9!*';!,+Af6'!+6-(E(-(A0!U'ds!%#$!E.;;(9'8!
2(98-A6CC.D9!*'!'8-+C.D9!*'!-A+98F'A'9C.+!f6'!.9C;6H'!'f6.,(!,+A+!A'C.C;+A0!U'ds%#N!E.;;(9'8!
3A(GA+E+8!*'!C(9C.'9-.4+C.D9!'9!'8C6';+8J!.98,'C-(A'8!*'!:+86A+!H!h69-(8!,(A!-6!'8C6';+!U'ds!^$!E.;!
E'986+;'8!

!
=E,+C-(J!

e6i!.E,+C-(8!-.'9'9!'8-(8!A'-(8!'9!E+-'A.+!*'!;0.7:93.!(><7:3.!8(:A'!;+!8(8-'9.:.;.*+*!*'!1+!3+4!

B;!,A.9C.,+;!.E,+C-(!'8!8(:A'!;+!/.*+!n-.;!*';!/'A-'*'A(!C(9-A(;+*(P![+E:.i9!8'!.E,+C-+!';!E'*.(!+E:.'9-'!
'9!G'9'A+;!H!';!9(!+C-6+A!8(:A'!';!-A+-+E.'9-(!*'!;(8!A'8.*6(80!-'9*Ab!69!.E,+C-(!*'!,iA*.*+!*'!A'C6A8(8!
9+-6A+;'8!!

e6i!.E,+C-(!-.'9'9!'9!;+8!F.9+94+8!E69.C.,+;'8!

1+!C(E,A+!*'!69!96'/(!-'AA'9(!,+A+!69!96'/(!A';;'9(!8+9.-+A.(!'9!^!+a(8P!B9!C+8(!f6'!F+;;'!';!8.8-'E+0!';!
.E,+C-(!8(:A'!';!-6A.8E(!8'A`+!GA+9*'P!!
e6i!,+,';!,6'*'!-'9'A!;+!8(C.'*+*!C./.;!'9!;+8!,(8.:;'8!8(;6C.(9'80!,A(H'C-(8!(!.9.C.+-./+8!
3A(GA+E+8!*'!C(9C.'9-.4+C.D9!*'!;+!,(:;+C.D9!'9!8',+A+A!;+!:+86A+!'9!A'C.C;+:;'8!H!9(!A'C.C;+:;'8P!

h6A.8*.CC.D9J!
e6i!+6-(A.*+*!-.'9'!;+!C.6*+*!8(:A'!';!E+9'X(!*';!;0.7:93.!(><7:3.!76!*.8-A.:6C.D9!!!
B8!;+!f6'!E+9'X+!';!8.8-'E+!!!!!!!

!
7'G6.E.'9-(!H!U(9.-(A'(J!
Bd.8-'!+;Gn9!8.8-'E+!'9!;+!C.6*+*!,+A+!E'*.A!';!E'X(A+E.'9-(!(!*'-'A.(A(!*'!;+!C(:'A-6A+0!*.8,(9.:.;.*+*!H!
68(!'F.C.'9-'!*';!!;0.7:93.!(><7:3.!
R(!'d+C-+E'9-'P!7.9!'E:+AG(!;+!>.A'CC.D9!&'9'A+;!*'!7'A/.C.(8!3n:;.C(8!-.'9'!-(*+!;+!.9F(AE+C.D9!,+A+!
Y+C'A;(P!

Q%!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!1+!3+4!5!2.6*+*!7(8-'9.:;'!*';!<=>!!?!@',(A-'!B/+;6+C.D9!,(A!=9*.C+*(A'8!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"!#$%#!&'()*+,-./'0!112!!

!
Bd.8-'!;+!C+,+C.*+*!'9!';!E69.C.,.(!,+A+!;.*.+A!C(9!;(8!A'-(8!f6'!'9FA'9-+9!C(9!';!;0.7:93.!(><7:3.!!=9*.C+!C(9!
69+!I!f6'!-.,(!*'!C+,+C.*+*!-.'9'P!!
!7(;6C.(9'8!+!;(8!,A(:;'E+8J!

2+,+C.*+*!

2+,+C.*+*!

=98-.-6C.(9+;!

[iC9.C+!

%P

@'+C(9*.C.(9+E.'9-(!*';!A';;'9(!,+A+!C6E,;.A!C(9!9(AE+8!!

I!

I!

#P

@',(8.C.D9!*';!,+Af6'!+6-(E(-(A!

I!

I!

NP

2(98-A6CC.D9!*'!'8-+C.D9!*'!-A+98F'A'9C.+!f6'!.9C;6H'!'f6.,(!,+A+!A'C.C;+A!

I!

I!

TP

3A(GA+E+8!*'!C(9C.'9-.4+C.D9!'9!'8C6';+8J!.98,'C-(A'8!*'!:+86A+!H!h69-(8!,(A!
-6!B8C6';+P!

I!

I!

"!#$%#!&'()*+,-./'0!112!

!!1+!3+4!5!2.6*+*!7(8-'9.:;'!*';!<=>!!?!@',(A-'!B/+;6+C.D9!,(A!=9*.C+*(A'8!!!!!

!!!!!Q#!!!!

Tema: Energa

Ficha de Diagnstico
B9-A'/.8-+*(!Z!)8.8-'9-'!
R(E:A'!
%P
#P

h'FF!B+86E!
2'8+A!3(4(!

NP

2+AG(!Z!B9-.*+*!

2(AA'(!';'C-AD9.C(!

7AP!=9/P!jF.C.+;!
7'A/.C.(8!3n:;.C(8!U69.C.,+;'8!

h'FF'.+*:P(AG!
.9G,(4(Y(-E+.;PC(E!

jC-+/.(!jA(4C(!

3;+9-+8!7(;+A'8!

.A6.4Y,;+9-+88(;+A'8PC(EPEd!

TP
IP
_P
^P

=8A+';!@6.4!
h(8Y!1+E,C!
B;'9+!U(A'9(!
!

3;+9-+8!7(;+A'8!
BC(';'C-A(9!
)mUj!
!

.A6.4Y,;+9-+88(;+A'8PC(EPEd!
h(8Y'C(';'C-A(9PC(E!
@6-(O(8.C.%NH+Y((PC(EPEd!!
!

QP

2+A(;.9+!1D,'4!m'AG+A+!

VP

h+/.'A!u6'A-+!1+A+!

B8-6*.+9-'! *';! 3(8GA+*(J! 2.'9C.+8! )9*A'+C;(,'4Y(-E+.;PC(E!


7(C.+;'8J! >'8+AA(;;(! 768-'9-+:;'! H!
&;(:+;.4+C.D9P!
>',+A-+E'9-(! *'! B;'C-A.F.C+C.D9! h+/.'APY6'A-+CF'PG(:PEd!
@6A+;!*'!2KB!
!
):'AE6*'4H+Y((PC(E!

%$P );FA'*(!<'AEn*'4!2(9-A'A+8!

!
=9*.C+*(A'8!L}%^c#^MJ!
!
2(9*.C.(9'8!)C-6+;'8J!

26b;'8!8(9!;(8!A'-(8!f6'!;+!C6.*+*!'8-b!'d,'A.E'9-+9*(!C(9!';!-'E+!*'!;+!0601^R#!)GA+*'C'A'E(8!
.9*.f6'!;+!.98-+9C.+!(!,'A8(9+!+!C+AG(!*';!-'E+P!
%P!1+!3+40!+;!.G6+;!f6'!A'8-(!*';!'8-+*(!8'!'9C6'9-A+!C;+8.F.C+*+!,(A!2KB0!*'9-A(!*'!;+!-+A.F+!%c>0!;+!C6+;!'8!
*'!+;-(!C(986E(!H!-.'9'!C(E(!C(98'C6'9C.+!69!+;-(!C(8-(!*'!;+!'9'AG`+!';iC-A.C+0!,A.9C.,+;E'9-'!'9!;(8!
E'8'8!*'!/'A+9(P!!
!
!
!
!
!
!
!
#P!1+!9(AE+-./.*+*!/.G'9-'!;.E.-+!;+!,A(*6CC.D9!*'!'9'AG`+8!+;-'A9+-./+8!n9.C+E'9-'!,+A+!C(986E(!,A(,.(!
!
!
!
!
!
26b;'8!8(9!;(8!,A(H'C-(8!'!.9.C.+-./+8!'d.8-'9-'8!!f6'!+:(A*+9!';!-'E+!*'!;+!0601^R#!=9*.C+!;+8!
'9-.*+*'8!+!C+AG(!*';!,A(H'C-(!
3A(H'C-(!'!.9.C.+-./+8!
B9-.*+*'8!
!
!

%P

&'9'A+C.D9!*'!'9'AG`+!8(;+A!,+A+!;(8!'*.F.C.(8!*';!)H69-+E.'9-(!

#P

);6E:A+*(!,n:;.C(!*'!;+!4(9+!9(A-'!*'!;+!C.6*+*!C(9!;bE,+A+8!*'!
'9'AG`+!8(;+AP!

>.A'CC.D9!&'9'A+;!*'!
7'A/.C.(8!3n:;.C(8!
U69.C.,+;'8!
>.A'CC.D9!&'9'A+;!*'!
7'A/.C.(8!3n:;.C(8!
U69.C.,+;'8!

!
!

QN!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!1+!3+4!5!2.6*+*!7(8-'9.:;'!*';!<=>!!?!@',(A-'!B/+;6+C.D9!,(A!=9*.C+*(A'8!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"!#$%#!&'()*+,-./'0!112!!

=9-'A/'9C.(9'8J!
)*'Eb8!*'!;+8!.9.C.+-./+8!'9!C6A8(!26b;'8!8(9!;+8!(-A+8!+CC.(9'8!f6'!,(*A`+9!+H6*+A!+!8(;6C.(9+A!;(8!A'-(8!
A'8,'C-(!+;!-'E+!*'!0601^R#!L'9!86!(A*'9!*'!,A'F'A'9C.+MP!=9*.C+!C(9!69+!I!8.!;+8!+CC.(9'8!8(9!+!C(A-(0!
E'*.+9(!(!;+AG(!,;+4(P!
)CC.(9'8!Z!7(;6C.(9'8!
%P
#P

U(*.F.C+C.(9'8!+;!E+AC(!;'G+;!f6'!A.G'!;+8!+CC.(9'8!'9!E+-'A.+!*'!
'9'AG`+P!
)CC'8(!+!F.9+9C.+E.'9-(!,+A+!';!*'8+AA(;;(!*'!;(8!,A(H'C-(8!*'!'9'AG`+!
+;-'A9+-./+8!H!*'!'F.C.'9C.+!'9!';!68(!*'!;+!'9'AG`+P!

2(A-(!

U'*.+9(!

3;+4(!

3;+4(!

I!

I!

1+AG(!
3;+4(!
!
!

!
26b;!'8!';!,A'86,6'8-(!*'*.C+*(!+!C+*+!69+!*'!'8-+8!.9-'A/'9C.(9'8Z8(;6C.(9'8!
R(!'d.8-'!,A'86,6'8-(!

!
=E,+C-(J!
e6i!.E,+C-(8!-.'9'9!'8-(8!A'-(8!'9!E+-'A.+!*'!0601^R#!8(:A'!;+!8(8-'9.:.;.*+*!*'!1+!3+4!
1+!;(C+;.4+C.D9!G'(GAbF.C+!*'!;+!C.6*+*!;+!C(9/.'A-'!'9!C+9*.*+-+!.*D9'+!,+A+!';!*'8+AA(;;(!*'!'9'AG`+8!
+;-'A9+-./+80!,A.9C.,+;E'9-'!;+!8(;+A0!;+!A'*!'9'AGi-.C+!'8!69+!A'*!.9*','9*.'9-'P!

!
e6i!.E,+C-(!-.'9'9!'9!;+8!F.9+94+8!E69.C.,+;'8!

7.!';!&(:.'A9(!U69.C.,+;!;(GA+!G'9'A+A!86!,A(,.+!'9'AG`+!*'X+A`+!*'!'A(G+A!!E'986+;E'9-'!69!,A(E'*.(!
*'!!N!E.;;(9'8!*'!,'8(80!;(8!C6+;'8!,(*A`+9!*'8-.9+A8'!+!.9/'A8.D9!'9!(:A+!,n:;.C+P!

!
e6i!,+,';!,6'*'!-'9'A!;+!8(C.'*+*!C./.;!'9!;+8!,(8.:;'8!8(;6C.(9'80!,A(H'C-(8!(!.9.C.+-./+8!
1+!8(C.'*+*!C./.;!,6'*'!.9/(;6CA+A8'!'9!;+8!+C-./.*+*'8!*'!,A(E(C.D9!*';!68(!+*'C6+*(!*'!;+!'9'AG`+0!+8`!
C(E(!,+A-.C.,+A!:+X(!';!'8f6'E+!*'!+8(C.+C.(9'8!,n:;.C(!,A./+*+8!'9!;+!G'9'A+C.D9!*'!;+!.9FA+'8-A6C-6A+!
9'C'8+A.+0!,A.9C.,+;E'9-'!'9!+;6E:A+*(!,n:;.C(P!

h6A.8*.CC.D9J!
!

e6i!+6-(A.*+*!-.'9'!;+!C.6*+*!8(:A'!';!E+9'X(!*';!A'C6A8(!*'!0601^R#!76!*.8-A.:6C.D9!!
2(E.8.D9!K'*'A+;!*'!B;'C-A.C.*+*!!!!!!!

7'G6.E.'9-(!H!U(9.-(A'(J!
Bd.8-'!+;Gn9!8.8-'E+!'9!;+!C.6*+*!,+A+!E'*.A!';!E'X(A+E.'9-(!(!*'-'A.(A(!*'!;+!C(:'A-6A+0!*.8,(9.:.;.*+*!H!
68(!'F.C.'9-'!*'!;+!0601^R#!
Rj!

"!#$%#!&'()*+,-./'0!112!

!!1+!3+4!5!2.6*+*!7(8-'9.:;'!*';!<=>!!?!@',(A-'!B/+;6+C.D9!,(A!=9*.C+*(A'8!!!!!

!!!!!QT!!!!

K.CY+!*'!Diagnstico!!!!!!

B9-A'/.8-+*(!Z!)8.8-'9-'!
R(E:A'!
%P

h6+9!1(A'94(!m+;'946';+!

#P

h(8i!=8E+';!U(;.9+!7+;*+a+!

NP

3+-A.C.+!h.Ei9'4!3P!

TP

m+9.+!@.-(!U+A-`9'4!

IP

2+AG(!Z!B9-.*+*!

!!!!!!!!!!J0?#&!(01=7573.!(357#<0.!
2(AA'(!';'C-AD9.C(!

>.A'CC.D9!*'!3;+9'+C.D9!*';!
)H69-+E.'9-(!*'!1+!3+4!
>',+A-+E'9-(!*'!>'8+AA(;;(!
2(E69.-+A.(!H!2(9-A+;(A`+!7(C.+;!
>.A'CC.D9!*'!3;+9'+C.D9!WA:+9+!

X6+9/+;^TY(-E+.;PC(E!!

m+9.AETY(-E+.;PC(E!!

W;.8'8!jE+A!<'C'AA+!

>',+A-+E'9-(!*'!3;+9'+C.D9!
WA:+9+!
)8'8(A!@'G.*6A`+!

jE+AP:'C'AA+fY(-E+.;PC(E!

_P

U.CY';.9'!2+A.a(!

W)<27!

.A*+E'd.C(PC(E!

^P

WA.';!7+9-+9+!7(;-'A(!

6A.';'88GE+.;PC(E!

QP

h'99.F'A!>(Y'A-H!<(AG(A+!

VP

);E+!1.*.+!2(-+!jX'*+!

2((A*.9+*(A!*'!+8'8(A'8!*';!
U69.C.,.(!*'!1+!3+4!
2.6*+*'8!BE'AG'9-'8!H!
7(8-'9.:;'8!
>.A'CC.D9!*'!=99(/+C.D9!H!U'X(A+!
@'G6;+-(A.+!

h(8'.8E+';EY(-E+.;PC(E!!
3+-A.C.+PX.E'9'4P_NY(-E+.;PC(E!!

X/*(Y'A-H.+*:P(AG!!
+;*HC(-+Y(-E+.;PC(E!!

!
=9*.C+*(A'8!L}!V#c%%#M!J!
!
2(9*.C.(9'8!)C-6+;'8J!

26b;'8!8(9!;(8!A'-(8!f6'!;+!C6.*+*!'8-b!'d,'A.E'9-+9*(!C(9!;+!G'8-.D9!*'!;(8!.01=7573.!.357#<0.!
)GA+*'C'A'E(8!.9*.f6'!;+!.98-+9C.+!(!,'A8(9+!+!C+AG(!*';!-'E+P!
%P!)8'9-+E.'9-(8!.AA'G6;+A'80!';!#$r!*'!;+!,(:;+C.D9!8'!'9C6'9-A+!'9!+8'9-+E.'9-(8!9(!A'G6;+*(80!*'!;(8!
C6+;'8!';!#Ir!'8-b!'9!4(9+8!*'!+;-(!A.'8G(P! !
!
!
!
!
!
#P!2A'C.E.'9-(!*'!;+!,(:;+C.D9!C(9!'E,;'(!.9F(AE+;0!;(!C6+;!A','AC6-'!';!!+CC'8(!+!8'A/.C.(8!*'!8+;6*P!
!
!
!
!
!
!
NP!3(:;+C.D9!E.GA+9-'!*'!(-A(8!'8-+*(8!Zj+d+C+0!2Y.+,+80!G6'AA'A(M!f6'!/.+X+9!C+*+!+a(!+;!E69.C.,.(!+!
C(8'CY+A!'9!;(8!C+E,(8!+GA`C(;+8!H!69+!/'4!-'AE.9+*+!;+!-'E,(A+*+!8'!f6'*+9!'9!;+!C.6*+*!8.9!-A+:+X(!H!
8.9!;6G+A!*(9*'!/./.A0!
!
!
!
!
!
!
!
26b;'8!8(9!;(8!,A(H'C-(8!'!.9.C.+-./+8!'d.8-'9-'8!!f6'!+:(A*+9!';!-'E+!*'!.01=7573.!.357#<0.!=9*.C+!;+8!
'9-.*+*'8!+!C+AG(!*';!,A(H'C-(!
3A(H'C-(!'!.9.C.+-./+8!
B9-.*+*'8!
!
!
!

%P

3A(GA+E+!ub:.-+-!

#P

>(-+C.D9!*'![.9+C(8!

NP

q+,+-(8!,+A+!'8-6*.+9-'8!*'!8'C69*+A.+!'9!'8C6';+8!,6:;.C+8!

TP

3A(GA+E+!*'!:'C+8!

>.A'CC.D9!&'9'A+;!*'!
>'8+AA(;;(!7(C.+;!
>.A'CC.D9!&'9'A+;!*'!
>'8+AA(;;(!7(C.+;!
>.A'CC.D9!&'9'A+;!*'!
>'8+AA(;;(!7(C.+;!
>.A'CC.D9!&'9'A+;!*'!
>'8+AA(;;(!7(C.+;!

!
!

QI!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!1+!3+4!5!2.6*+*!7(8-'9.:;'!*';!<=>!!?!@',(A-'!B/+;6+C.D9!,(A!=9*.C+*(A'8!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"!#$%#!&'()*+,-./'0!112!!

=9-'A/'9C.(9'8J!
)*'Eb8!*'!;+8!.9.C.+-./+8!'9!C6A8(!26b;'8!8(9!;+8!(-A+8!+CC.(9'8!f6'!,(*A`+9!+H6*+A!+!8(;6C.(9+A!;(8!A'-(8!
A'8,'C-(!+;!<3.!.01=7573.!.357#<0.!L'9!86!(A*'9!*'!,A'F'A'9C.+MP!=9*.C+!C(9!69+!I!8.!;+8!+CC.(9'8!8(9!+!C(A-(0!
E'*.+9(!(!;+AG(!,;+4(P!
)CC.(9'8!Z!7(;6C.(9'8!
2(A-(! U'*.+9(! 1+AG(!
3;+4(!

3;+4(!

I!

%P

=E,;'E'9-+C.D9!*'!69!,A(GA+E+!*'!G'9'A+C.D9!*'!+6-('E,;'(P!

#P

@'G6;+A.4+C.D9!*'!;(8!+8'9-+E.'9-(8!.AA'G6;+A'8P!

I!

NP

)E,;.+C.D9!*'!;+!C(:'A-6A+!*'!8'A/.C.(8!,n:;.C(8P!

I!

TP

@'G6;+A!';!F;6X(!*'!E.GA+9-'8!+!;+!C.6*+*!,+A+!,(*'A!+8'G6A+A!;+!,A'8-+C.D9!*'!
;(8!8'A/.C.(8!,n:;.C(8!f6'!*'E+9*'9P!

I!

3;+4(!

=E,+C-(J!
e6i!.E,+C-(8!-.'9'9!'8-(8!A'-(8!*'!;(8!.01=7573.!.357#<0.!8(:A'!;+!8(8-'9.:.;.*+*!*'!1+!3+4!
1+!8(;6C.D9!+!;(8!+8'9-+E.'9-(8!.AA'G6;+A'8!,'AE.-.Ab!.9CA'E'9-+A!;+!:+8'!*'!;+!C;+8'!E'*.+!'9!;+!C.6*+*!
*'!1+!3+40!E'X(A+9*(!;(8!.9*.C+*(A'8!*'!C+;.*+*!*'!/.*+P!
!
e6i!.E,+C-(!-.'9'9!'9!;+8!F.9+94+8!E69.C.,+;'8!
!
e6i!,+,';!,6'*'!-'9'A!;+!8(C.'*+*!C./.;!'9!;+8!,(8.:;'8!8(;6C.(9'80!,A(H'C-(8!(!.9.C.+-./+8!
!

h6A.8*.CC.D9J!

e6i!+6-(A.*+*!-.'9'!;+!C.6*+*!8(:A'!';!E+9'X(!*'!;(8!.01=7573.!.357#<0.!76!*.8-A.:6C.D9!!!!!!!!
B;!U69.C.,.(!,A'8-+!8'A/.C.(8!8(C.+;'8!'9!C((A*.9+C.D9!C(9!';!&(:.'A9(!B8-+-+;!H!K'*'A+;!!
!

7'G6.E.'9-(!H!U(9.-(A'(J!

Bd.8-'!+;Gn9!8.8-'E+!'9!;+!C.6*+*!,+A+!E'*.A!';!E'X(A+E.'9-(!(!*'-'A.(A(!*'!;(8!8'A/.C.(8!8(C.+;'8!
B;!2jRBm)1!'8!;+!.98-.-6C.D9!F'*'A+;!'9C+AG+*+!*'!E'*.A!;(8!A'86;-+*(8!*'!;(8!,A(GA+E+8!8(C.+;'8!
LE'*.C.D9!*'!;+!,(:A'4+!'!`9*.C'!*'!*'8+AA(;;(!Y6E+9(M!
!
Bd.8-'!;+!C+,+C.*+*!'9!';!E69.C.,.(!,+A+!;.*.+A!C(9!;(8!A'-(8!f6'!'9FA'9-+9!C(9!;(8!.01=7573.!.357#<0.!!=9*.C+!
C(9!69+!I!f6'!-.,(!*'!C+,+C.*+*!-.'9'P!!
!7(;6C.(9'8!+!;(8!,A(:;'E+8J!
2+,+C.*+*!
2+,+C.*+*!
=98-.-6C.(9+;!
[iC9.C+!

I!

I!

@'G6;+A.4+C.D9!*'!;(8!+8'9-+E.'9-(8!.AA'G6;+A'8P!

I!

)E,;.+C.D9!*'!;+!C(:'A-6A+!*'!8'A/.C.(8!,n:;.C(8P!

I!

%P

=E,;'E'9-+C.D9!*'!69!,A(GA+E+!*'!G'9'A+C.D9!*'!+6-('E,;'(P!

#P
NP

!
!
!

"!#$%#!&'()*+,-./'0!112!

!!1+!3+4!5!2.6*+*!7(8-'9.:;'!*';!<=>!!?!@',(A-'!B/+;6+C.D9!,(A!=9*.C+*(A'8!!!!!

!!!!!Q_!!!!

C. Fichas de Diagnstico
!

)G6+!3(-+:;'J!
>.+G9D8-.C(!
@+C.(9+E.'9-(!!LT!Y(A+8Z*`+M!
=98(8-'9.:;'!
)C6`F'A(!8(:A''d,;(-+*(!
7(;6C.(9'8!
3A(GA+E+!*'!2(9-A(;!*'!*'E+9*+!H!)R2!
3A(GA+E+!,+A+!';!E+9'X(!8(8-'9.:;'!*';!+C6`F'A(!

!
7+9'+E.'9-(J!
>.+G9D8-.C(!
2+,+C.*+*!*'!=9FA+'8-A6C-6A+!,+A+!CA'C.E.'9-(!'8!C'A(!
@'*!+9-.G6+!'8-b!C(;+,8+9*(!!
7(;6C.(9'8!
R6'/+!,;+9-+!
@'Y+:.;.-+C.D9!*'!;+!+C-6+;!
2+E:.(!*'!A'*'8!+9-.G6+8!

@'8.*6(8!7D;.*(8J!
>.+G9D8-.C(!
>.8,(8.C.D9!F.9+;!.9+*'C6+*+!
3'A*.*+!*'!A'C6A8(8!9+-6A+;'8!+;!9(!A'C.C;+A!
3+Af6'!+6-(E(-(A!C(9!/.*+!n-.;!y!I!+a(8!
7(;6C.(9'8!
2(98-A6CC.D9!*'!A';;'9(!8+9.-+A.(!
3;+9!,.;(-(!*'!8',+A+C.D9!*'!E+-'A.+;!(AGb9.C(!
@',(8.C.D9!*'!,+Af6'!+6-(E(-(A!H!E+f6.9+A.+!

2+E:.(!2;.Eb-.C(J!
7(;6C.(9'8!
@'F(A4+A!bA'+8!C(8-'A+8!
@'F(A'8-+C.D9!L8'!A'f6.'A'9!9nE'A(8!'d+C-(8!*'!;+!C.6*+*!8(:A'!';!C+E:.(!*'!68(!*'!86';(!H!
*'F(A'8-+C.D90!'9-.'9*(!f6'!'9!;+!C.6*+*!9(!'8!-+9!,A.(A.-+A.(!,'A(!Y+:A`+!f6'!/'A.F.C+A;(!:.'9!
C(9!:+8'!'9!*+-(8!*6A(8M!
>.8,(9.:.;.*+*!*'!)G6+0!,(-+:;'!H!-A+-+*+!L,A.(A.-+A.(M!!
7.8-'E+!*'!+;'A-+!-'E,A+9+!!!
)*+,-+C.D9!*'!8'C-(A!,A(*6C-./(!L8'!A'f6.'A'9!*+-(8!'d+C-(8!*'!;+!C.6*+*M!!
=969*+C.(9'8!,(A!'/'9-(8!Y.*A(E'-'A(;(G.C(8!L9'C'8.-+E(8!*+-(8!'d+C-(8M!!
m6;9'A+:.;.*+*!8(C.+;!
o E+,'(!*'!/6;9'A+:.;.*+*!*'!;+!C.6*+*!
o .9/'9-+A.(!*'!&B=!H!69!'8-6*.(!.98-.-6C.(9+;!,+A+!.*'9-.F.C+A!;(8!+C-(A'80!+6-(A.*+*'8!H!
E+9*+-(8!*'!;(8!C(9-A+,+A-'8!.9/(;6CA+*(8!

Q^!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!1+!3+4!5!2.6*+*!7(8-'9.:;'!*';!<=>!!?!@',(A-'!B/+;6+C.D9!,(A!=9*.C+*(A'8!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"!#$%#!&'()*+,-./'0!112!!

!
[A+98,(A-'J!
>.+G9D8-.C(!
1+!3+4!-.'9'!69!CA'C.E.'9-(!'d+C'A:+*(!*'!86!-+8+!*'!E(-(A.4+C.D9!f6'!.E,;.C+!
C(9G'8-.D9!/'Y.C6;+A!H!'E.8.(9'8!C(9-+E.9+9-'8!CA'C.'9-'8!'9!';!C(A-(!,;+4(P!
@'*6CC.D9!*'!+CC.*'9-'8!*'!-Ab98.-(!L'9F(f6'!+!;(8!*'A./+*(8!*';!+:68(!'9!C(986E(!*'!
+;C(Y(;M!
U'X(A+A!;+!C+;.*+*0!C(:'A-6A+!H!*.8,(9.:.;.*+*!*';!-A+98,(A-'!,6:;.C(!
K(E'9-+A!';!68(!*'!-A+98,(A-'!9(!E(-(A.4+*(!
@'9(/+C.D9!*';!,+Af6'!/'Y.C6;+AP!
=9-'GA+C.D9!*'!;+!B8-A+-'G.+!H!3;+9'+C.D9!*'![A+98,(A-'!H!>'8+AA(;;(!WA:+9(!
7(;6C.(9'8!
=E,;'E'9-+C.D9!*'!C+E,+a+8!*'!7'G6A.*+*!m.+;P!B;!<+9C(!-.'9'!69!,A(GA+E+!f6'!
,6'*'!+*+,-+A!Ab,.*+E'9-'!,+A+!1+!3+4!H!f6'!F6'!,A'8'9-+*(!';!+a(!,+8+*(!'9!Uid.C(!
'9!B=7Bm=#P!
=E,;'E'9-+C.D9!*'!69+!E(*'A9.4+C.D9!*';!8.8-'E+!*'!-A+98,(A-'!,n:;.C(!f6'!
.9/(;6CA'!;+!A''8-A6C-6A+C.D9!*'!A6-+8!*'!-A+98,(A-'!,n:;.C(0!!A'(AG+9.4+C.D9!!
'E,A'8+A.+;!*'!;(8!(,'A+*(A'80!;+!E(*'A9.4+C.D9!*'!;+8!69.*+*'8!H!;+!.9-'GA+C.D9!
-+A.F+A.+P!!
@'Y+:.;.-+C.D9!H!'d,+98.D9!*'!;+!A'*!*'!C.C;(!/`+8!*'!;+!C.6*+*!*'!1+!3+4!H!86!.9-'GA+C.D9!
C(E(!8.8-'E+!+;.E'9-+*(A!*';!8.8-'E+!*'!-A+98,(A-'!6A:+9(!E(*'A9.4+*(P!
@'/.8.D9!*';!8.8-'E+!*'!,+G(8!,(A!C(9C',-(!*'!-'9'9C.+!/'Y.C6;+A!H!*';!8.8-'E+!*'!
/'A.F.C+C.D9!+,;.C+*(!'9!1+!3+4!f6'!C(;(f6'!;(8!.9C'9-./(8!C(AA'C-(8!,+A+!;+!
.9C(A,(A+C.D9!*'!/'Y`C6;(8!96'/(8!'f6.,+*(8!C(9!-'C9(;(G`+8!*'!A'*6CC.D9!*'!
'E.8.(9'8P!
2A'+C.D9!*'!69+!C(E.8.D9!C(E,6'8-+!,(A!+G'9C.+8!A';'/+9-'8!*'![A+98,(A-'0!
>'8+AA(;;(!WA:+9(!H!2+E:.(!2;.Eb-.C(!f6'!C(9C',-6+;.4+0!*.8'a+0!'/+;n+!'!.E,;'E'9-+!
!
! !
! !
!
!
!
!
! !
! !

!
!
>'8+AA(;;(!7(C.+;J!

>.+G9D8-.C(!
! 2A'C.E.'9-(!,(:;+C.(9+;!UdWe!#69#<d!
! B9!';!#$%$!E+8!*'!fg![[[!201.36#.!A'8.*'9-'8!'9!1+!3+4!9+C.'A(9!'9!(-A+!B8-+*(!(!3+`8P!
! )8'9-+E.'9-(!.AA'G6;+A'8!Lge!'9!4(9+8!*'!+;-(!A.'8G(M!
! K+;-+!*'!+CC'8(!+!=7=706:#L2(E,(9'9-'!f6'!E+8!.E,+C-+!'9!;+!E'*.C.D9!*'!;+!,(:A'4+M!
! UWdhe!*'!;+!,(:;+C.D9!'9!8.-6+C.D9!*'!,(:A'4+!
! 7(;(!';!gidje!-.'9'!+CC'8(!+!8'A/.C.(8!*'!8+;6*!
7(;6C.(9'8!
! N0601#1!=7=706:#!,+A+!+f6';;(8!-A+:+X+*(A'8!f6'!G+9+9!*'!%!+!N!8+;+A.(8!E`9.E(8P!
! (9?767./13!:0!.01=7573.!2b8<753.!,+A+!;(8!+8'9-+E.'9-(8!.AA'G6;+A'8P!
! 2+E,+a+8!*'!210=0657>6!:0!<#!.#<9:!

!
!
!
"!#$%#!&'()*+,-./'0!112!

!!1+!3+4!5!2.6*+*!7(8-'9.:;'!*';!<=>!!?!@',(A-'!B/+;6+C.D9!,(A!=9*.C+*(A'8!!!!!

!!!!!QQ!!!!

Potrebbero piacerti anche