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 9LOO\6¡YQGDO

 +YDG(U,FORXG

 +YDG(U:RUGIHXG

 0DUJUHWKH9HVWDJHU

 +YDG(U'HPRNUDWL

 +YDG(U6SRWLI\

 -RKDQQH6FKPLGW1LHOVHQ

 +YDG(U$GKG

 +YDG(U7UHSDUWVIRUKDQGOLQJHU

 0HWWH)UHGHULNVHQ

 +YDG(U7ZLWWHU

 +YDG(U.ROLN

 ,GD$XNHQ

 +YDG(U3L

 +YDG(U8GVDJQVRUG

 0DQX6DUHHQ

 +YDG(U6WUHVV

 +YDG(U5DPDGDQ

 $QQHWWH9LOKHOPVHQ

7HQGHQFLDV

7HQGHQFLDV

7HQGHQFLDV

3RO¯WLFRV

3HO¯FXODV

*DGJHWV

 $QQHWWH9LOKHOPVHQ

 6N\IDOO

 L3DG

 3HUQLOOH6NLSSHU

 7KH+XQJHU*DPHV

 L3KRQH6

 /LVEHWK%HFK3RXOVHQ

 .LGG

 L3DG0LQL

 $VWULG.UDJ

 3URPHWKHXV

 1H[XV

 7ULQH%UDPVHQ

 'HQ6NDOGHGH)ULV¡U

 L3DG

 3LD2OVHQ'\KU

 $YHQJHUV

 1RNLD1

 0HWWH*MHUVNRY

 7DNHQ

 1RNLD/XPLD

 ,GD$XNHQ

 7KH$UWLVW

 6DPVXQJ*DOD[\6

 .DUHQ+ NNHUXS

 3DUDQRUPDO$FWLYLW\

 5DVSEHUU\3L

 .ULVWLDQ7KXOHVHQ'DKO

 5HDO6WHHO

 0LFURVRIW6XUIDFH

(JLSWR

7HQGHQFLDVGHE¼VTXHGDGH

7HQGHQFLDV

7HQGHQFLDV

7HQGHQFLDV

%¼VTXHGDV

3HUVRQDV

&DQFLRQHV

 ΩϳόγέϭΑΙ΍ΩΣ΃

 ΔηΎϛϋϕϳϓϭΗ

 ϲΗΑϗέΑϲϘΣ

 ΕΎΑΎΧΗϧϺϟΎϳϠόϟ΍ΔϧΟϠϟ΍

 έρΎηϟ΍ΕέϳΧ

 ΓΩϳϧϋΔϳλΧη

 ˻˹˺˻ΕΎόϣΎΟϟ΍ϕϳγϧΗ

 ΙϟΎΛϟ΍ΓΩϭϧηΎΑΎΑϟ΍

 ϲϧϐΑϲΑϠϗϥϣ

 έϳέΣΗϟ΍ϥ΍Ωϳϣ

 ϝϳΩϧϗϡΎηϫ

 *DQJQDP6W\OH

 έϭϧϟ΍ΏίΣ

 έϧΗέΎΟϣϭΑαϛϳϠϳϓ

 &DOO0H0D\EH

 ΎϣέϭΑ

 ϑγϭϳϡγΎΑ

 :LGH$ZDNH

 Δϟ΍Ωόϟ΍ϭΔϳέΣϟ΍

 ϲϛϣΩϣΣ΃

 ΔϠ΋ΎϔΗϣ

 ϙέΎΑϣΔϣϛΎΣϣ

 ϲγϳγϟ΍ΡΎΗϔϟ΍ΩΑϋ

 6N\IDOO

 ΔγΎ΋έϟ΍ΕΎΑΎΧΗϧ·

 ΥϭϧΧϧϱέΑλ

 ϥϳϳΎϘγϟ΍ΓέΎΣ

 ΔοϬϧϟ΍ωϭέηϣ

 ϥΎΑόηϰϔρλϣ

 ϥΎϣέΎϳ

7HQGHQFLDV

/RP£VEXVFDGR

7HQGHQFLDV

3URJUDPDVGH79

3URJUDPDVR FRPHGLDVGH79

0¼VLFRV

 έϳΧϟ΍ΎϳΎΑλ  $UDE,GRO  ΔϳϧϫΔϣϘϟ  έλϣΎϳϙΣΎΑλ  ΡΎΑλRQ  αϣηϟ΍ϱί  έΎϬϧϟ΍ωέΎη  έΎϬϧϟ΍έΧ΃  7KH9RLFH  ΔϳϟΎϏΕγϟ΍

 ΔϣρΎϓϝγϠγϣ  ˯΍έΣλϟ΍ΏϠόΛίϣ΍έ  ΓΎϳΣϟ΍ΔΑόϟΞϣΎϧέΑ  ϥΎρϠγϟ΍ϡϳέΣϝγϠγϣ  ωϭϧϣϣϟ΍ϕηόϟ΍ϝγϠγϣ  ˯΍έϣΣρϭρΧϝγϠγϣ  ΔόΑ΍έϟ΍ΔΟϭίϟ΍ϝγϠγϣ  Ωέϭϟ΍Δό΋ΎΑϝγϠγϣ  έϭϧϝγϠγϣ  ϡγϣγϡϟΎϋΞϣΎϧέΑ

 ϲϠϳϟωϭέηϣ  ΩϟΎΧΏΎηϟ΍  ϝϳΩ΃  ΝΎϧϳϣϲϛϳϧ  ϲΛϳϠϟ΍ΩϭϣΣϣ  ΏΎϫϭϟ΍ΩΑϋϥϳέϳη  ΔϟΎλ΃  Ύγϳϟ·  ϱέϭϔϛϝ΋΍ϭ  έΑϳΑϥϳΗγΎΟ

/RP£VEXVFDGR

/RP£VEXVFDGR

/RP£VEXVFDGR

$WOHWDV

(TXLSRVGHSRUWLYRV

'HSRUWLVWDVRO¯PSLFRV ORFDOHV

 ϭΩϟΎϧϭέϭϧΎϳΗγϳέϛ

 ϙϟΎϣίϟ΍

 ΏόΗϣΩΎϣϋ

 ΩϳέΩϣϝΎϳέ

 ϻΎΑΎϛϳη

 ΔϧϭϠηέΑ

 ϥ΍ΩϳίΩϣΣϣ

 ϝίΎΑ

 ΎϛΎϛ

 ϰϠϫϷ΍

 ΕΎϛέΑΩϣΣϣ

 ϲγϠϳηΗ

 ΎϓϭΑ΍έΎηΎϳέΎϣ

 ϥϼϳϣέΗϧ·

 ϲϛίϭέϣϋ

 ΦϧϭϳϣϥέϳΎΑ

 ϲϟΎϏϡΎγΣ

 ϝΎϧϳγέ΃

 έϳέΩϳϓέΟϭέ

 ϝϭΑέϔϳϟ

 έΑΎΟϡέϛ  ϲΣΑλΩϣΣϣ  έϣϋΔϣρΎϓ  ϲΟϭΑΡΎΗϔϟ΍ΩΑϋΩϣΣϣ  ΏϳΩϟ΍ΩϣΣϣ  ϥΎοϣέΔϠϬϧ  ΡΎΑλϣϡΎηϫ  ϥΎϣΛϋϑϳέη  ϡγΎϘϟ΍ϭΑ΃˯ϼϋ  ΩϭϣΣϣϝϣ΃

7HQGHQFLDV

7HQGHQFLDV

7HQGHQFLDV

&HOHEULGDGHVP£V SRSXODUHV

%¼VTXHGDVGHQRWLFLDV

3RO¯WLFRV

 ϥΎϳϧϭϳΗϭέΎϫέϳΩϥΎηϳϧ  ϥϳϫΎηϡΎϬϟ·  Εέ΍ϭϳΗγϥΗγϳέϛ  ΍έγϳ  ϥΎϳη΍ΩέΎϛϡϳϛ  ϱΩϳΩΣϟ΍αϳϣϟ  Ξϳ΍έϛϝΎϳϧ΍Ω  ϥΎοϣέϱέϳΧ

 ϊΑΎγϟ΍ϡϭϳϟ΍

 έΎϛΑέΩΎϧ

 ϡϭϳϟ΍ϱέλϣϟ΍

 ϲϧΗΎΗϛϟ΍Ωόγ

 ϱϭ΍έλϣ

 ΩϣΎΣϭΑ΃ΩϣΣϣ

 ϡ΍έϫϷ΍

 ΡΎΗϔϟ΍ΩΑϋίΗόϣ

 ϕϭέηϟ΍

 ϲγέϣΩϣΣϣ

 ΔϳέϭϬϣΟϟ΍

 ϝϳΩϧϗϡΎηϫ

 ϥρϭϟ΍

 ϝϳϋΎϣγ·ϭΑ΃ΡϼλϡίΎΣ

 Ωϓϭϟ΍ΔΑ΍ϭΑ

 ϱϭ΍ίϣΣϭέϣϋ

 έλϣέηΎΑϣΓέϳίΟϟ΍

 ϲΣΎΑλϥϳΩϣΣ

 Γέϭϛϼϳ

 ΡϭΗϔϟ΍ϭΑ΍ϡόϧϣϟ΍ΩΑϋ

7HQGHQFLDV

7HQGHQFLDV

7HQGHQFLDV

'HVWLQRVWXU¯VWLFRV

%¼VTXHGDVGH LP£JHQHV

&RPLGDV\EHELGDV

 ϲη΍έΑϹ΍ϝ΋΍ϭ  έΩΑϥγϭγ

 ΔϧΧγϟ΍ϥϳόϟ΍  ΔϣΎϧϣϟ΍  ϥΩϧϟ  ϝϭΑϧργ΍  ϱ΍ϭΎϫ  Γϭϳγ  ϲϧΩϳγ  ϲΑΩ  Ρϭέρϣϲγέϣ  ϡϠϋϲγέϣ

 έλϣϡϠϋ  ϕϳϔηΩϣΣ΍  Ωέϭ  ΎϧϳγϥϭΟ  ΏϭΑΞϧϭΑγ  ΩϼϳϣΩϳϋΔΗέϭΗ  έϣγ  ϲϧγΣέϣΎΗ  ΔϳόϳΑρέυΎϧϣ  ϡέΟϋϲγϧΎϧ

 Δϟϭ΍έϓέϳλϋ  ΏΎΑϛεϳη  ΔϧϳΣρϟΎΑιϣΣϟ΍  Ύϳ΍έγϟ΍εϳϋ  ϝϳϣΎηΑϟΎΑΔγϭϛ  Υ΍έϔϟ΍ΎϣέϭΎη  ϲηΣϣ  ϲηΣϣϡΎϣΣ  Δϳϣόρ  ΝΎΟΩϟ΍ΔΑέϭη

7HQGHQFLDV

0DUFDVGHPRGD  7HG%DNHU  6WHOOD0F&DUWQH\  %DOPDLQ  -HDQ3DXO*DXOWLHU  0LFKDHO.RUV  %HUVKND  0DUF-DFREV  0XOEHUU\  7RP)RUG  + 0

(PLUDWRVƒUDEHV8QLGRV

7HQGHQFLDVGHE¼VTXHGDGH

7HQGHQFLDV

7HQGHQFLDV

/RP£VEXVFDGR

%¼VTXHGDV

3HUVRQDV

3URJUDPDVGH79

 *DQJQDP6W\OH

 :KLWQH\+RXVWRQ

 έϣϋϝγϠγϣ

 L3DG

 ϥ΍ΩϣΣΎϣη

 ΔϣρΎϓϝγϠγϣ

 2O\PSLFV

 .DWH0LGGHOWRQ

 

 6DPVXQJ*DOD[\6

 ϱϭΎοέϘϟ΍ϑγϭϳ

 Δϳ΅έ

 7KH$YHQJHUV

 έϧΗέΎΟϣϭΑαϛϳϠϳϓ

 έϳΧϟ΍ΡΎΑλ

 6N\IDOO

 8VDLQ%ROW

 ϥϭϳόϟ΍έΑΣϝγϠγϣ

 +XUULFDQH6DQG\

 .DULQD.DSRRU

 7KH9RLFH

 ˻˹˺˻ϥΎοϣέΕϼγϠγϣ

 ϲγέϣΩϣΣϣ

 $UDE,GRO

 .21<

 $GHOH

 $UDEV*RW7DOHQW

 Δϳέϭγϟ΍ΓέϭΛϟ΍

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 ΕΎϧΑϕΣϠϣϝγϠγϣ

/RP£VEXVFDGR

/RP£VEXVFDGR

/RP£VEXVFDGR

$WOHWDV

(TXLSRVGHSRUWLYRV

'HSRUWLVWDVRO¯PSLFRV ORFDOHV

 &ULVWLDQR5RQDOGR

 %DUFHORQD

 5RJHU)HGHUHU

 5HDO0DGULG

 .DND

 &KHOVHD

 'DYLG%HFNKDP

 $&0LODQ

 /LRQHO0HVVL

 $UVHQDO

 0DULD6KDUDSRYD

 /LYHUSRRO

 5DIDHO1DGDO

 =DPDOHN

 0LFKDHO-RUGDQ

 0DQFKHVWHU8QLWHG

 0LFKDHO6FKXPDFKHU

 0DQFKHVWHU&LW\

 ;DYL

 5RPD

 ϲϟΎϣϛϟ΍ϥ΍ΩϣΣ  ϥϣΣέϟ΍ΩΑϋέϣϋ  ϝϳϠΧΩϣΣ΃  ϡϭΗϛϣϝ΁ΩϣΣ΃  ϰγϳϋΩϟΎΧ  ΩϣΣϣΔΟϳΩΧ  ϱίϭϓΩϣΣϣ  ϡϭΗϛϣϝ΁Ωϳόγ  ϰγϳϋΩη΍έ  ϲϠϋΩϣΣ΃

7HQGHQFLDV

7HQGHQFLDV

7HQGHQFLDV

'HVWLQRVWXU¯VWLFRV

&RPLGDV\EHELGDV

0DUFDVGHPRGD

 ΔϧΧγϟ΍ϥϳόϟ΍

 ΓϭϼϘΑ

 ,VDEHO0DUDQW

 νΎϳέϟ΍

 αϭγϗέόϟ΍

 0LFKDHO.RUV

 ϝϭΑϧργ΍

 ϲϧϳηΗϭΗϳϓ

 %HUVKND

 Ύϧϳϳϓ

 ΏϭέΧϟ΍

 ,FH:DWFK

 ΔϳϠϳΑη΍

 ΝΎΟΩϟ΍ΔγΑϛ

 1LNH

 Εέϭϔϛϧ΍έϓ

 Ύϳ΍έγϟ΍εϳϋ

 + 0

 ΎϳϧέϭϔϳϟΎϛ

 ΎηΎΑΩϭϭ΍Ω

 )RUHYHU

 ύΎϛϳη

 ΔΗϔϛϟ΍

 6DLQW/DXUHQW

 ˯ΎοϳΑϟ΍έ΍Ωϟ  ΔϧϭϠηέΑ

 ΝϭϧϏΎΑΎΑ  έϳΟέΟϟ΍ΔρϠγ

 FHOLQH  $OH[DQGHU:DQJ

(VORYDTXLD

7HQGHQFLDVGHE¼VTXHGDGH

7HQGHQFLDV

7HQGHQFLDV

/RP£VEXVFDGR

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3HUVRQDV

4X«HV"

 +RWHO3DUDGLVH

 :KLWQH\+RXVWRQ

 ýRMHOiVND

 )DUPD

 )HOL[%DXPJDUWQHU

 ýRMHDFWD

 0RGU\NRQLN

 0LFKDHO&ODUNH'XQFDQ

 ýRMHDQG\

 9RĐE\

 -DPHV%OXQW

 ýRMHSD\SDO

 7HOHNRP

 0DFDXOD\&XONLQ

 ýRMHDQGURLG

 :KLWQH\+RXVWRQ

 /DQD'HO5H\

 ýRMHJRULOD

 9R\R

 0LFKHO7HOy

 ýRMHQLELUX

 =HUJ5XVK

 'DYLG$XVWLQ

 ýRMHHXURYDO

 3ULPD%DQND

 36<

 ýRMHLQWHUQHW

 0DMN6SLULW

 :DULV'LULH

 ýRMHLEDQ

/RP£VEXVFDGR

/RP£VEXVFDGR

/RP£VEXVFDGR

3URJUDPDVGH79

'HSRUWHV

'HSRUWLVWDVRO¯PSLFRV ORFDOHV

 +RWHO3DUDGLVH

 +RNHM

 )DUPD

 )

 7HOHYt]QH1RYLQ\

 )XWEDO

 3DQHOiN

 7HQLV

 )DUPiU+ĐDGiåHQX

 )LWQHVV

 %H]VHUYtWN\

 3LODWHV

 3URIHVLRQiOL

 3DLQWEDOO

 +ODVýHVNR6ORYHQVND

 .XOWXULVWLND

 6XVHGLD

 9ROHMEDO

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 &\NOLVWLND

 3HWHU6DJDQ  'RPLQLND&LEXONRYi  'DQLHOD+DQWXFKRYi  'DQND%DUWHNRYi  0LFKDO0DUWLNiQ  0DUWLQ.OLåDQ  /XNiã/DFNR  'DQLHOD3HãNRYi  /XFLD.ORFRYi  -DQD'XNiWRYi

/RP£VEXVFDGR

7HQGHQFLDV

/RP£VEXVFDGR

&µPR

&HOHEULGDGHVORFDOHV

3RO¯WLFRV

 $NR]EDOLĢEDEX

 0DMN6SLULW

 ,JRU0DWRYLþ

 $NRVFKXGQ~Ģ

 3HWHU6DJDQ

 3HWHU.DåLPtU

 $NRSULEUDĢ

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 /XFLD1LFKROVRQRYi

 $NR]DURELĢSHQLD]H

 &HOHVWH%XFNLQJKDP

 'DQLHO/LSãLF

 $NRVDER]NiYDĢ

 3HWHU.RQþHN

 $ORM]+OLQD

 $NRRWHKRWQLHĢ

 7RPiã7DWDU

 ,YDQ*DãSDURYLþ

 $NR]EDOLĢFKDODQD

 1LNROD.RPRURYi

 5LFKDUG6XOtN

 $NRSUHVWDĢIDMþLĢ

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 ,YDQ0LNORã

 $NRYLD]DĢNUDYDWX

 -DUR6OiYLN

 0LNXOiã']XULQGD

 $NR]DþDĢSRGQLNDĢ

 %UDQNR5DGLYRMHYLþ

 7RPiã%RUHF

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0HGLRV

 7DWUDODQGLD

 9RĐE\

 7RSN\

 &KRUYiWVNR

 .DOHQGiU

 60(

 3DUQGRUI

 )LOP\

 1RYêþDV

 %DQVNi%\VWULFD

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 3UDYGD

 7UQDYD

 06

 -2-

 %RMQLFH

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 3OXVND

 3UDKD

 2O\PSLMVNpKU\

 $NWXDOLW\

 $TXDSDUN6HQHF

 0LQLPiOQDP]GD

 0DUNt]D

 %HãHĖRYi

 9HĐNiQRF

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 %XOKDUVNR

 -DUQp3Ui]GQLQ\

 )XQUDGLR

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 /LGO

 1LNH

 7RUW\

 ,.($

 $YRQ

 3L]]D

 0HUNXU\PDUNHW

 2ULIODPH

 3DODFLQN\

 'DWDUW

 1HZ
 -DEONRYpNROiþH

 'HLFKPDQQ

 %DĢD

 =HPL$NRYpSODFN\

 .LND

 =DUD

 %XEODQLQD

 .DXIODQG

 $GLGDV

 5L]RWR

 -\VN

 + 0

 .XUDFLH6RWp

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 1H[W

 'HFRGRP

 7DNNR

 %URNROLFRYiSROLHYND  7YDURKRYpNROiþH

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7HQGHQFLDV

7HQGHQFLDV

7HQGHQFLDV

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 %DQNLD

 :KLWQH\+RXVWRQ

 0L7HOH

 3DXODHFKHYDUULD

 3ULPDGH5LHVJR

 $GHOH

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 0LFKHO7HOR

 /R,PSRVLEOH

 (VSHUDQ]D$JXLUUH

 $SDODEUDGRV

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 5HIRUPDODERUDO

 0DQROR3UHFLDGR

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 0DUtDGH9LOORWD

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 $QGUHD)DEUD

 6HSH

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7HQGHQFLDV

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 7HG


 *UDQ+HUPDQR

 /R,PSRVLEOH

 $LVLHXWH3HJR

 7KH:DONLQJ'HDG

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 6RPHRQH/LNH
 *DQGLD6KRUH

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 6KDPH

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 6KHUORFN+ROPHV

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 7DQWR

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 &DUPLQDR5HYLHQWD

 8QD9DLQD/RFD

 6iOYDPH'HOX[H

 6N\IDOO  (O&DEDOOHURRVFXURODOH\HQGD UHQDFH

 5DLQ2YHU0H  /iJULPDV'HVRUGHQDGDV

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 6HUJLR5DPRV

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 5HDO6RFLHGDG

 7LWR9LODQRYD

 &KHOVHD

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7HQGHQFLDV

7HQGHQFLDV

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 &yPRIXQFLRQDWZLWWHU

 4XpHV,QVWDJUDP

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 4XpHV3LQWHUHVW

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 6DQ)UDQFLVFR

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 7XUTXtD

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 4XpHV*RRJOH

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 &yPRKDFHUEHFKDPHO

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 %HUOLQ

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