memoria institucional.pdf

7/22/2019 MEMORIA INSTITUCIONAL.pdf

http://slidepdf.com/reader/full/memoria-institucionalpdf 1/168

Mv. F` am [g`sãm ?0= - _mn Dgrim - Ahcm - [`rù

V`a`e. (0==)-4==-5?;;

www.s`nohog.lgd.p`

t



C@CGTHM HN_VHVPOHGNMA 4;==



Uhstm pmngríchom_`rvhohg Nmohgnma f` Ompmohtmohÿn pmrm am Hnfustrhm f` am Ognstruoohÿn-_@NOHOG_`f` _mn Dgrim - Ahcm [`rù.



@fhohÿn L`n`rmaBubuah Lhmogcg Vu`ztm

Fhmlrmcmohÿn y Fhs`ýgC`ahssm Mchog Agzmng

EgtglrmmIgsè Lgnzía`s NmvmrrgL`r`nohms Ygnma`s Gohnm f` T`amohgn`s [ùdahoms_@NOHOG



GTLMNHYMOHßN HN_VHVPOHGNMA

[T@_@NVMOHßN HN_VHVPOHGNMA

L@_VHßN HN_VHVPOHGNMA

OGNV@NHFG

OGN_@IG FHT@OVHUG NMOHGNMA

[T@_@NVMOHßN F@ AM C@CGTHM

GTLMNHLTMCM HN_VHVPOHGNMA

[AMNM FHT@OVHUM

L@T@NOHM_ YGNMA@_

YGNMA@_ X PNHFMF@_ G[@TMVHUM_

L@T@NOHM L@N@TMA

ßTLMNG F@ OGNVTGA HN_VHVPOHGNMA

_@OT@VMTÃM L@N@TMAL@T@NOHM F@ EGTCMOHßN [TGE@_HGNMA[MTM AM HNFP_VTHM F@ AM OGN_VTPOOHßNL@T@NOHM F@ HNU@_VHLMOHßN X NGTCMAHYMOHßN[MTM AM UHUH@NFM X AM @FHEHOMOHßN

L@T@NOHM F@ MFCHNH_VTMOHßN X EHNMNYM_

L@T@NOHM F@ [AMNHEHOMOHßN X [T@_P[P@_VG

@_OP@AM F@ @FPOMOHßN _P[@THGT V@ONGAßLHOM[ÙDAHOM F@ L@_VHßN [THUMFM

AMDGTMVGTHG F@ @N_MXG F@ CMV@THMA@_

pml =0

pml =5

pml =<

pml =:

pml =8

pml =6

pml 6?

pml 08

pml 00

pml ??

pml ?8

pml 50

pml :0

pml <<

pml ?=

pml ?<

[THNOH[MA@_ OGNU@NHG_ pml 80

HNVTGFPOOHßN

CH_HßN X UH_HßN

T@_@ÝM JH_VßTHOM

pml 46

pml 40

pml 4?

GEHOHNM F@ F@_MTTGAAG, CMNV@NHCH@NVG @HNETM@_VTPOVPTM



L@_VHßN M NHU@A NMOHGNMA

L@_VHßN [T@_P[P@_VMA

FHT@OVGTHG F@ _@F@_ M NHU@A NMOHGNMA

LMA@TÃM

L@T@NOHM YGNMA F@ AHCM ‟ OMAAMG

L@T@NOHM YGNMA OJHOAMXG

L@T@NOHM YGNMA JPMNOMXG

L@T@NOHM YGNMA H]PHVG_

L@T@NOHM YGNMA [PNG

L@T@NOHM YGNMA VTPIHAAG

L@T@NOHM YGNMA MT@]PH[M

L@T@NOHM YGNMA OP_OG

L@T@NOHM YGNMA HOM

L@T@NOHM YGNMA [HPTM

L@T@NOHM YGNMA VMONM

@_VMFG_ EHNMNOH@TG_ FHT@OVGTHG F@ _@F@_ M NHU@A NMOHGNMA

pml ==6

pml =4=

pml =?;

pml =?5

pml =64

pml =;6

pml ==;

pml ==<

pml =40

pml =??

pml =?8

pml =68 pml =00



?0 mýgs f` pr`sthlhgsm l`sthÿn



_`rvhohg Nmohgnma f` Ompmohtmohÿn

pmrm am Hnfustrhm f` am Ognstruoohÿn

C`cgrhm Hnstuohgnma 4;==



[T@_@NVMOHßN

=6

@a _`rvhohg Nmohgnma f` Ompmohtmohÿn pmrm amHnfustrhm f` am Ognstruoohÿn ‟ _@NOHOG, `s unGrlmnhscg [ùdahog F`so`ntrmahzmfg, mfsorhtgma Chnhst`rhg f` Uhvh`nfm, Ognstruoohÿn y_mn`mch`ntg ogn p`rsgn`rãm iurãfhom f`f`ròjg pùdahog qu` motùm ogn mutgngcãmtèonhom, mfchnhstrmvm, ognÿchom y nmnoh`rm,

f`dhfg m qu` ou`ntm ogn pmtrhcgnhg prgphg._@NOHOG `n` ogcg chshÿn egrcmr, ompmohtmr,p`reòohgnmrs` y o`romr m ags trmdmimfgr`s fògnstruoohÿn `n tgfgs sus nhvà`s. Mshchscg,s` `nomrlm f` r`mahzmr hnv`slmohgn`s y trmdmigtòngaÿlhog vhnouamfgs m am prgda`cíomf` am vhvh`nfm y f` am `fhomohÿn2 mf`císf` prgpgn`r ngrcms tèonhoms f` mpahomohÿnnmohgnma. M euturg, _@NOHOG mpuntm m s`rà aãf`r f` am ompmohtmohÿn y `fuomohÿn

tòngaÿlhom f` am hnfustrhm f` am ognstruoohÿn,ìòutmnfg vmahgsms hnv`slmohgn`s rè`r`nt`sm hnngvmfgr`s shst`cms ognstruovgs ogn amnmahfmf qu` tgfg `stg, f` egrcm ogniuntm ogn

ngrcms tèonhoms mpahomda`s `n tgfg à t`rrhtgrhgnmohgnma, p`rchtmn t`n`r unm hnfustrhm f` amognstruoohÿn egrtmaòhfm y s`lurm qu` hnor`c`ntàm omahfmf f` vhfm f` nu`strm pgdamohÿn. @n a mýg4;==, _@NOHOG susorhdhÿ ognv`nhgs f` mpgyghnstuohgnma ogn fhv`rsgs grlmnhscgs `stmtma`s

` hnstuohgn`s prhvmfms, ogcg à Chnhst`rhg f`Fè`nsm (Ompmohtmohÿn f` Aho`nohmfgs f` amsEEMM) y à Egnfg [`rù @spmým (Ompmohtmohÿn yognstruoohÿn f` hnerm`struoturm egrcmvm `n amogcunhfmf nmvm f` Cmcmymqu`, fhstrhtg f` @aO`n`pm). Hlumac`nt` eu`rgn susorhtgs pmotgs ognags lgdh`rngs r`lhgnma`s f` [ung, Jumnomv ahom,Vucd`s, Hom, _mn Cmrn y gtrgs. Msã ogcg, ognfhv`rsms cunhohpmahfmf`s m nhvà nmohgnma ogcgam f` Ojhnoj`rgs, Gyÿn, Jumaamnom, _unmcp`,

Omý`t`, Ojuromcpm y Ojmvãn f` Juíntmr.Mshchscg, s` rcmrgn ognv`nhgs ogn prglrmcmssgohma`s ogcg Omràò, Iÿv`n`s m am Gdrm, amPnhv`rshfmf Nmohgnma Mlrmrhm Am Cgahnm, àOga`lhg f` Mrquhtòtgs fà [`rù (Mr`quhpm), Omr`[`rù, Ztrmtm [`rù, Mnlagmc`rhomn ]uàamvòg,`ntr` gtrgs. Furmnt` à mýg 4;==, am tmsm fòròhch`ntg fà [DH fà _òtgr Ognstruoohÿn([rgc`fhg Mnuma) muc`ntÿ `n ?.6% r`spòtgma mýg 4;=;, ag qu` l`n`rm mf`cís, un cmygr

omcpg f` moohÿn pmrm _@NOHOG. @n à pr`s`nt`mýg _@NOHOG oà`drÿ à ?0 mnhv`rsmrhg f` suor`mohÿn, pgr ag qu` mprgvòjg `stm gpgrtunhfmfpmrm mlrmfò`r m omfm ung f` ags ch`cdrgs fàOgnsìg Fhròvg Nmohgnma pgr su ognstmntògcprgchsg y vmahgsg mpgrt . F` hluma cgfg, chrògngohch`ntg y shno`rg s`nch`ntg f` scm mtgfm am emchahm f` _@NOHOG, qu` f`sf` fhe`r`nt`sír`ms, tmntg `n Ahcm ogcg `n prgvhnohms mpgrtmnsu vmahgsg `seu`rzg pmrm jmo`r lrmnf` nu`strmhnstuohÿn.

Cuojms Lrmohms

Hnl. Auhs Chluà Hcmým Tmcãr`z Mazmcgrm[r`shf`nt`



GTLMNHLTMCM

HN_VHVPOHGNMA_`rvhohg Nmohgnma f` Ompmohtmohÿn pmrm am Hnfustrhm f` amOgnstruoohÿn - _@NOHOG.

=5

OGN_@IG FHT@OVHUG NMOHGNMA

[r`shf`nohm @iòuthvm

L@T@NOHM L@N@TMA

ßrlmngf` OgntrgaHnsthtuohgnma

L`r`nohm fÈgrcmohÿn

[rge`shgnma pmrmam Hnfustrhm f` am

Ognstruoohÿn

L`r`nohms Ygnma`s

@souàm _up`rhgrVèonhom



[AMNM FHT@OVHUM

_`rvhohg Nmohgnma f` Ompmohtmohÿn pmrm am Hnfustrhm f` amOgnstruoohÿn - _@NOHOG.

=<

[amnm L`r`nohma

O[O. I`sshom Aÿp`z Ogaamnt`sL`r`nt` f` Mfchnhstrmohÿn y Ehnmnzms (`)

@ogn. Tgd`rtg Jgrnm Omaf`rÿnL`r`nt` f` [amnhomohÿn y [r`supu`stg (`)

Cmrãm C`ro`f`s _uír`z Gahv`rmL`r`nt` f` Egrcmohÿn [rge`shgnma pmrm amHnfustrhm f` am Ognstruoohÿn

Hnl. Omrc`n Burghwm JgrhuojhL`r`nt` f` Hnv`slmohÿn y Ngrcmahzmohÿnpmrm am Uhvh`nfm y am @fhomohÿn

Hnl. Eàhp` Lmroãm D`fgymFhròtgr f` am @souàm f` @fuomohÿn_up`rhgr Vòngaÿlhom [ùdahom f` L`sÿn[rhvmfm

Matm Fhròohÿn

Hnl. Auhs Chluà HcmýmTmcãr`z Mazmcgrm[r`shf`nt` @iòuvg

Hnl. J`rnmnfg Fmvhf Omrphg

CgntgymL`r`nt` L`n`rma

O[O. _mnfrm E`rnínf`z GsgrhgIèm f` ßrlmng f` OgntrgaHnstuohgnma

Mdgl. \haer`fg Agygam Emaoÿn_òr`tmrhg L`n`rma



L@T@NOHM_ YGNMA@_

=:

_`rvhohg Nmohgnma f` Ompmohtmohÿn pmrm am Hnfustrhm f` amOgnstruoohÿn - _@NOHOG.

Hnl. Uãotgr Omnojg Umaf`gsL`r`nt` Ygnma Ahcm-Omaamg

Mrq. Iumn Igsè [urhzmom _`rrutgL`r`nt` Ygnma Mr`quhpm

Hnl. Gsomr Mad`rtg Vhrmfg Líav`zL`r`nt` Ygnma Ojhoamyg

Mrq. Fmnhà Emreín Cmrn`zL`r`nt` Ygnma Ousog

Hnl. I`sùs Tgfrãlu`z T`mýgL`r`nt` Ygnma Jumnomyg

Hnl. Iumn Omimojmlum OmsaagL`r`nt` Ygnma Hom

Hnl. Gswmafg Ihcèn`z _mamsL`r`nt` Ygnma Hquhtgs

Hnl. Chluà Ínlà Mavmrmfg GtgymL`r`nt` Ygnma [hurm

Hnl. _magcÿn Jhamsmom CmcmnhL`r`nt` Ygnma [ung

Hnl. Cmnuà Emdrhohg D`lmzg LuzcínL`r`nt` Ygnma Vmonm

Mrq. Lustmvg Mfgaeg [hnhaags Tgfrãlu`zL`r`nt` Ygnma Vruihaag



YGNMA@_ X PNHFMF@_

G[@TMVHUM_

=8

[mrm f`smrrgaamrags fhv rsgs prglrmcmsy s`rvhohgs

_@NOHOG ou ntm ogn == L r`nohms Ygnma s , 5

y P nh fm f s G p rm vms udh omfms

`strmtèlhomc`nt``n nu`strgpmãs.

@souàms

_up`rhgr s Vèonhoms

_@NOHOG m nhvà nmohgnma

L`r`nohms Ygnma`s

MT@]PH[M

Vucd`s

Iuahmom

Omimcmrom

MpurhcmoCmfr` f` Fhgs

MymouojgJumnomvàhom

OP_OG

JPMNOMXG

HOM

H]PHVG_

AHCM OMAAMG

[HPTM

[PNG

VMONM

VTPIHAAG

Pnhfmf`s Gp`rmthvms

OJHOAMXG Cgygdmcdm

L`r`nohm Ygnma Vmonm

tmonmKs`nohog.lgd.p`;04-6404;; / ;04-?=;5<< Emx9 ;04-6404;;

Omaa` Yàm N¹ 0<: - Vmonm

L`r`nohm Ygnma [hurm

phurmKs`nohog.lgd.p`

;<?-?;64;: Emx9 ;<?-?4:<6<

Mv. Lrmu N¹ =0?0 - [hurm

mr`quhpmKs`nohog.lgd.p`Vàèegng9 ;06-4?086< Emx9 ;06-4?086<

Fhròohÿn9 [u`nt` Lrmu N¹ ?40 - O`romfgL`r`nohm YgnmaMr`quhpm

Jumnomyg

jumnomygKs`nohog.lgd.p`

;56-406;;<

Ir. N`c`shg Tm`z N¹ ?;< @aVmcdg

L`r`nohm Ygnma Jumnomyg

Pnhfmf Gp`rmthvmMomrlg f` Ygnma [hurm

Vruihaag

L`r`nohm Ygnma Ojhoamyg

ojhoamygKs`nohog.lgd.p`;<6-4;4?06 Emx9 ;<6-4;46<5

Bc. 6.0 Omrr`t`rm [hc`ntà

L`r`nohm Ygnma Vruihaag

truihaagKs`nohog.lgd.p`;66-4=6645 Emx9 ;66-4=<0:;

Mv. Omrags Cgnl` N¹ 484 Prd. Oj hcù

L`r`nohm Ygnma Hom

homKs`nohog.lgd.p`

;05-4?0;?0

Mv. Iumn f` Agygam _ur N¹ =6<

@souàm _up`rhgr Vèonhom _@NOHOG OJHOAMXG

@souàm _up`rhgr Vèonhom _@NOHOG VTPIHAAG

@souàm _up`rhgr Vèonhom _@NOHOG MT@]PH[M

@souàm _up`rhgr Vèonhom _@NOHOG [HPTM

pungKs`nohog.lgd.p`;0=-?0=0?5

Mv. _hcÿn Dgahvmr N¹ 800

L`r`nohm Ygnma [ung

ousogKs`nohog.lgd.p`

;:6-4?45:; / ;:6-4004=4

Mv.VgcmsmVhtg Ognf`cmytm N¹ 6== - \mnojmqL`r`nohm Ygnma Ousog

@souàm _up`rhgr Vèonhom _@NOHOG OP_OG

@souàm _up`rhgr Vèonhom _@NOHOG AHCM

;=-4==-5?;; Mn`xg ==?0

Mv. f` am [g sãm ?0= _mn Dgrim

_`f` O`ntrma _@NOHOG

vomnojgKs`nohog.lgd.p`

L`r`nohm YgnmaAhcm - Omaamg

hquhtgsKs`nohog.lgd.p`

;50-44?=4< Emx9 ;50-5;?5<8

[mdag Tgsàa N¹ <0;

L`r`nohm Ygnma Hquhtgs

Pnhfmf Gp`rmthvmMymouojgM omrlg f` am L`r`nohm Ygnma Hom

Pnhfmf Gp`rmthvm OmimcmromMom rlg f` am L`r`nohm Ygnma Vruihaag

Pnhfmf Gp`rmthvm CgygdmcdmM omrlg f` am L`r`nohm Ygnma Ojhoamyg

Pnhfmf Gp`rmthvm JumnomvàhomM omrlg f` am L`r`nohm Ygnma Hom

JumcmnlmPnhfmf Gp`rmthvm Iuahmom

M omrlg f` am L`r`nohm Ygnma [ung

Pnhfmf Gp`rmthvmMpurhcmoM omrlg f` am L`r`nohm Ygnma Ousog

Pnhfmf Gp`rmthvm Cmfr` f` FhgsM omrlg f` am L`r`nohm Ygnma OusogAgs Gahvgs Omaamg Ojgrrhaags

O`ntrgs f Egrcmohÿn f _@NOHOG



[T@_@NVMOHßN HN_VHVPOHGNMA[H



Ompmohtmohÿn n Hnstmamohgn`s @aèotrhoms. [HPTM.



@a _`rvhohg Nmohgnma f` Ompmohtmohÿn pmrm amHnfustrhm f` am Ognstruoohÿn ‟ _@NOHOG, `s unGrlmnhscg [ùdahog F`so`ntrmahzmfg p`rt`nòh`nt`ma sòtgr Uhvh`nfm, Ognstruoohÿn y _mn`mch`ntg,

ouyg gdi`vg eunfmc`ntma `s egrcmr, ompmohtmr,p`reòohgnmr y o`romr m ags trmdmimfgr`s f` ammovhfmf f` am ognstruoohÿn `n tgfgs sus nhvà`s.

Vh`n` ogcg nmahfmf am egrcmohÿn f` agstrmdmimfgr s fà sòtgr ognstruoohÿn, am fuomohÿnsup`rhgr ng unhv`rshtmrhm, à f`smrrgaag f`hnv`slmohgn`s vhnouamfms m am prgda`cíom f` amvhvh`nfm y am `fhomohÿn2 msã ogcg, am prgpu`stmf` ngrcms tèonhoms f` mpahomohÿn nmohgnma.

HNVTGFPOOHßN



40

Uhshÿn_gcgs omahfmf qu` egrcm y ompmohtm m p`rsgnms pmrm am hnfustrhm f` am

ognstruoohÿn. Hnv`slm, ngrcm y fheunf` ams tòngaglãms ognstruovms,pmrm cìgrmr am omahfmf f` vhfm f` am pgdamohÿn.

Chshÿn _@NOHOG, mutènom hnstuohÿn aãf`r `n am egrcmohÿn, ompmohtmohÿn,hnv`slmohÿn y ngrcmahzmohÿn pmrm am hnfustrhm f` am ognstruoohÿn quògntrhduy` ma f`smrrgaag fà pmãs.



Hnl. J`rnmnfg Fmvhf Omrphg Cgntgym



L@T@NOHML@N@TMA

Fhrhl`, oggrfhnm y ogntrgam ams movhfmf`smfchnhstrmvms, f` hnv`slmohÿn, ngrcmahzmohÿn

y momfèchoms f` am Hnstuohÿn, shluh`nfg agsahn`mch`ntgs hcpmrfgs pgr à Ognsìg Fhròvg

Nmohgnma y am [r`shf`nohm @iòuvm.



O[O. _mnfrm E`rnínf`z Gsgrhg



ßTLMNG F@

OGNVTGAHN_VHVPOHGNMA



?6

@a GOH `stí ognegrcmfg pgr p`rsgnma cuafhsohpahnmrhg. Furmnt` à mýg 4;==, à

GOH, m rmzÿn f` su f`p`nf`nohm eunohgnma y tèonhom ogn am Ogntrmagrãm L`n`rmaf` am T`pùdahom, y `n ognegrchfmf ogn su pamn mnuma f` ogntrga, èòtuÿ amsshluh`nt`s moohgn`s f` ogntrga9

@xmc`n `spòhma m am @souàm _up`rhgr Vèonhom.@xmc`n `spòhma ma F`pmrtmc`ntg f` V`sgr`rãm.@xmc`n `spòhma m am L`r`nohm Ygnma Ojhoamyg.@xmc`n `spòhma m am L`r`nohm Ygnma Vruihaag.

Mshchscg, ìòutÿ un tgtma f` 46 movhfmf`s f` ogntrga, f`ntrg f` ams ouma`somd` f`stmomr ams shluh`nt`s9

U``furãms m ags prgo`sgs f` sàòohÿn y m ams ìòuohgn`s ogntrmotuma`s.U`rhomohÿn fà oucpahch`ntg f` am ngrcmvm f` r`nfhohÿn f` ou`ntms fà tuamrf` am `nfmf.U`rhomohÿn fà oucpahch`ntg f` am ngrcmvm f` n`pgscg.U``furãm m ams movhfmf`s `fuomvms.U`rhomohÿn fà oucpahch`ntg f` am A`y f` Vrmnspmr`nohm y Moo`sg m amHnegrcmohÿn [ùdahom.Hnegrc` f` c`fhfms f` must`rhfmf

ßTLMNG F@

OGNVTGAHN_VHVPOHGNMAO[O. _mnfrm E`rnínf`z Gsgrhg



ßTLMNG F@

OGNVTGAHN_VHVPOHGNMA

?0

U`rhomohÿn fà oucpahch`ntg f` a`y qu` or`m à T`lhstrg f` Fùfgr`sMahc`ntmrhgs Cgrgsgs.U``furãm ma prgo`sg f` trmnse`r`nohm f` omrlg.U`rhomohÿn fà oucpahch`ntg f` ams ngrcms fà _hst`cm Nmohgnma f` Fè`nsmOhvha.

U`rhomohÿn fà oucpahch`ntg f` am pr`s`ntmohÿn f` ams fòamrmohgn`s iurmfms f`dh`n`s y r`ntms.

Ehnmac`nt`, ogn r`spòtg m am hcpa`c`ntmohÿn f` rògc`nfmohgn`s f`rhvmfmsf` moohgn`s f` ogntrga, ogrr`spgnf` fmr ou`ntm f` ags r`suatmfgs gdt`nhfgs ma?= f` fhoh`cdr` fà 4;==9

Tògc`nfmohgn`s9 fhòhsh`t` (=<) `n prgo`sg f` hcpa`c`ntmohÿn y nhnlunm `nshtumohÿn f` p`nfh`nt`.

[rgo`sgs mfchnhstrmvgs fhsohpahnmrhgs9 fhòhsèhs (=5) `n shtumohÿn f` ‑`nprgo`sg– y tr`s (?) qu` s` `nou`ntrmn `n `stmfg f` ‑p`nfh`nt`–.

[rgo`sgs iufhohma`s9 ung (=) s` nou`ntrm n shtumohÿn f` ‑`n prgo`sg– y nhnlung`n shtumohÿn f` ‑p`nfh`nt`–.



Mdgl. \haer`fg Agygam Emaoÿn



_@OT@VMTÃML@N@TMA

@iòutm movhfmf`s f` mpgyg mfchnhstrmvgfhròtg ma Ognsìg Fhròvg Nmohgnma y m am

[r`shf`nohm @iòuvm fà _@NOHOG. Mshchscg,ognfuo` à _hst`cm fgouc`ntmrhg y f` mrojhvg,

Tàmohgn s [ùdahoms ` Hcml`n Hnstuohgnma.



Cmrãm C`ro`f`s _uír`z Gahv`rm



L@T@NOHM F@EGTCMOHßN[TGE@_HGNMA [MTM

AM HNFP_VTHM F@ AMOGN_VTPOOHßN

F`smrrgaam movhfmf`s f` fhs`ýg yp`reòohgnmch`ntg f` am tòngaglãm `fuomvm,grh`ntmfm m am hnfustrhm f` am ognstruoohÿn2 msãogcg am ngrcmvhfmf tèonhog p`fmlÿlhom, f`

egrcmohÿn prge`shgnma pmrm à s`rvhohg `fuomvgqu` drhnfm a _@NOHOG.



L@T@NOHM F@

EGTCMOHßN[TGE@_HGNMA

6;

O`romohÿn goupmohgnma

@n oggrfhnmohÿn ogn à Chnhst`rhg f` Vrmdmig s` vmahfmrgn ;0 p`ra`sgoupmohgnma`s9 Madmýha f` `fhomohgn`s Hnstmamfgr aèotrhog f` `fhomohgn s Hnstmamfgr smnhtmrhg f` `fhomohgn s @nogermfgr ogn cmf`rm f` `fhomohgn`s Eh`rr`rg f` `fhomohgn`sLrmohms ma C`cgrmnfuc f` @nt`nfhch`ntg rcmfg ogn à H[@DM, s` aglrÿ vmahfmrà p`ra fà Omrphnt`rg @nogermfgr ogn Cmf`rm.

_up`rvhshgn`s fuomvms

@stuvh`rgn grh`ntmfms m vmaumr am L`sÿn @fuomvm f` ags

ÿrlmngs ìòutgr`s hn shtu y pgr cu`str`g ognergntmnfg ammpahomohÿn f` am tòngaglãm `fuomvm ogn am Fhròvm pmrmà F`smrrgaag f` am [rglrmcmohÿn @fuomvm 4;==-4;=4 yams f`cís ngrcms tèonhoms y p`fmlÿlhoms.

M am pmr, s` r mahzÿ am vmaumohÿn f` ags r`pgrt`s momfèchogsc`nsuma`s2 msã ogcg, à ms`sgrmch`ntg y cgnhtgr`gm fhstmnohm f` shtumohgn`s y prgda`cms r`pgrtmfgs `nà prgo`sg f` am l`sÿn `fuomvm èòtumfm pgr amszgnma`s.

@n à 4;==, s` oucpah`rgn ;< sup`rvhshgn`s `fuomvms, s`lùn à shluh`nt`f`tmaa`9

APLMT C@_ F@ @I@OPOHßN

Pnhfmf Gp`rmthvm Mymouojg e`dr`rgL`r`nohm Ygnma Mr`quhpm cmrzg@souàm _up`rhgr Vèonhom cmyg - iunhgL`r`nohm Ygnma Hquhtgs mlgstg

L`r`nohm Ygnma Hom mlgstgL`r`nohm Ygnma OusogO`ntrg f` Egrcmohÿn Omaamg s

s`pth`cdr `pth`cdr

``



L@T@NOHM F@

EGTCMOHßN[TGE@_HGNMA

6=

Ngrcms fuomvms

Furmnt` à mýg 4;== s` motumahzÿ am Tàmohÿn f` Movhfmf`s y _`rvhohgs@fuomvgs ogno`rnh`nt` ma mýg 4;=4.

Oursg tmaa`r

@n à c`s f` s`p`cdr` s` ognor`tÿ à oursg tmaa`r hnt`rnmohgnma ‑Am omahfmf`n am egrcmohÿn prge`shgnma y am o`romohÿn pgr ogcp`t`nohms amdgrma`s–,à chscg qu` ogntÿ ogn am pmrohpmohÿn fà p`rsgnma tèonhog `fuomvgp`rt`nòh`nt` m ams L`r`nohms Ygnma`s y Pnhfmf`s Gp`rmvms fà _@NOHOG.Èst` ogntÿ ogn am pr`s`nohm f` am ognsuatgrm `xt`rnm f` am GHV Nhnm DhaagrguTgvhrm, quh`n mf`cís, s` nomrlÿ f` fhrhlhrag.

Motumahzmohÿn y amdgrmohÿn f` prglrmcms ourrhouamr`s

• Oursg ohvha ?F• Fhpagcmfg f` ogns`rvmohÿn y r`stmurmohÿn fà pmtrhcgnhg ouaturma`fhomfg• Oursg ognstruoohÿn f` ogohnms cìgrmfms ogn mfgd` (LHY)• Oursg mutgomf 4F• Oursg mutgomf ?F• Oursg mutgomf hnhohma• Oursg mutgomf hnt`rc`fhg

• Oursg mutgomf mrojhtòtur`• Oursg shst`cm ognstruovg `n sòg frywmaa• Oursg cgfuamr f` hnstmamohgn s àèotrhoms• Oursg cgfuamr f` hnstmamohgn s smnhtmrhms

@amdgrmohÿn f` cmt`rhma fhfíoog

• Cmnuma fà oursg mutgomf 4F• Cmnuma fà oursg mutgomf ?F• Cmnuma fà oursg ohvha ?F

• Cmnuma pmrm am hnstmamohÿn f` ogohnms cìgrmfms (LHY)• Cmnuma f` omrphnt rãm f` cu`da`s f` càmchn` pmrm vhvh`nfm• Uhf`g `fuomvg fà oursg cgfuamr `nogermfg y `rr`rãm• Omtíaglg f` oursgs y omrr`rms 4;==



Hnl. Omrc`n Burghwm Jgrhuojh



L@T@NOHM F@HNU@_VHLMOHßN XNGTCMAHYMOHßN

[MTM AM UHUH@NFM XAM @FHEHOMOHßN

F`smrrgaam hnv`slmohgn`s y `stufhgs oh`nogsy tòngaÿlhogs vhnouamfgs m am prgda`cíom f` am

vhvh`nfm y am `fhomohÿn pmrm hf`nomr, prgcgv`ry fheunfhr à usg f` cmt`rhma`s y tèonhoms mfòumfms

pmrm à mdmrmtmch`ntg y cìgrm f` su omahfmf.

[rgpgn` ma _òtgr ngrcms f` mpahomohÿn nmohgnma qu`r`lua`n à fhs`ýg f` ams `fhomohgn`s y à f`smrrgaag

tòngaÿlhog f` am ognstruoohÿn.



L@T@NOHM F@ HNU@_VHLMOHßN X

NGTCMAHYMOHßN

60

Ogn pmrohpmohÿn fà Lrupg L`gtònhm f` am Pnhv`rshfmf Nmohgnma f` Hnl`nh`rãm, s` amdgrÿ am prgpu`stmpràhchnmr fà fhs`ýg f` un curg f` ognt`nohÿn pmrm `stmdhahzmr un tmauf qu` ogrr`spgnf` m un pms`p`mtgnma `n à MMJJ Oamvà`s Dmigs ‟ Cmnojmy. [r`vhmc`nt` s` r`mahzÿ à a`vmntmch`ntg tgpglríog fàm zgnm.

@a curg, f` 4 c. f` maturm y un mnojg prgc`fhg f` 4,0 c. `stmrí ognegrcmfg pgr cmt`rhma prgphg f` amzgnm, ogcpmotmfg n ompms f` ;,4; c. ogn rèu`rzg f` l`gcmaam ogagomfg m omfm ;,6; c. Am omrm ergntmafà curg stmrí ognegrcmfm pgr dgasms f` ;,6; x ;,?; c. ràa`nms f` lrmvm, ogn ròudrhch`ntg f` l`gt`x-

a. Ams dgasms ràa`nms f` lrmvms s`rvhrín ogcg fr`n pmrm vmoumohÿn fà mlum. _` jm prgpu`stg ognstruhr,m cmn`rm f`cgstrmvm, unm agnlhtuf f` =; c. f` curg.

F`smrrgaag, mfòumohÿn y fheushÿn f` hnstmamohÿn smnhtmrhm mat`rnmvm díshom pmrm vhvh`nfm rurma.

_` jmo` nò`smrhg f`smrrgaamr, m trmvès f` hnstuohgn`s qu` r`pr`s`nt`n ma Lgdh`rng O`ntrma, hnhohmvmsgrh`ntmfms m fheunfhr tòngaglãms pmrm à cìgrmch`ntg smnhtmrhg `n ams zgnms f` `xtr`cm pgdr`zm quòmrò`n f` r`f`s smnhtmrhms. @n `st` s`nfg am L`r`nohm f` Hnv`slmohÿn y Ngrcmahzmohÿn r`mahzm fhv`rsmsmpahomohgn`s f`cgstrmvms f` tòngaglãms f`smrrgaamfms, qu` pu`f`n s`r r`pahomfms n fhv`rsms r`lhgn`sfà pmãs, ogn pmrohpmohÿn f` cmng f` gdrm ng omahomfm, ogn v`ntmims shlnhomvms `n oumntg ma c`ngrogstg, emohahfmf f` ognstruoohÿn y usg f` cmt rhma`s fhspgnhda`s agomac`nt`.

Am nmahfmf s ogntrhduhr ma cìgrmch`ntg f` ams ognfhohgn`s smnhtmrhms `n agomahfmf`s rurma`s y cmrlhnm-

a`s fà pmãs, c`fhmnt` am fheushÿn f` t ongaglãms ognÿchoms mat`rnmvms pmrm am fhspgshohÿn f` xor`tms,macmo`nmch`ntg f` mlum y gtrms.

Mahmnzms strmtèlhoms

Ognv`nhg _@NOHOG ‟ OMT@, ogn am nmahfmf f` emohahtmr am sàòohÿn f` ams zgnms f` hnt`rv`nohÿn f` ammovhfmf y emohahtmr mshchscg, ams oggrfhnmohgn`s ogn am pgdamohÿn d`nòhmrhm.

Moohgn`s r`mahzmfms

=.- Ognstruoohÿn f` tmnqu` f` macmo`nmch`ntg f` mlum pmrm ognsucg jucmng, f` ?0 c? f` ompmohfmf,`n am agomahfmf f` Cmojuphoga, fhstrhtg f` _mn I`rÿnhcg, prgvhnohm y f`pmrtmc`ntg f` Ousog.

Am ognstruoohÿn fà tmnqu` egrcm pmrt` fà prgyòtg hnt`lrma `n mlum y smn`mch`ntg `n am Ogcunhfmf

Cmojuphoga, prgphohmfg pgr à Lgdh`rng T`lhgnma Ousog, am Cunhohpmahfmf Fhstrhtma f` _mn I`rÿnhcg y amogcunhfmf.



6:

@stufhg f` am madmýha`rãm f` suàg pr`nsmfg

V nh`nfg n ou`ntm ams pgshdhahfmf`s f` mpahomohÿn, ogn shlnhomvms v`ntmims er`nt` ma mfgd` trmfhohgnma,fà dagqu` f` suàg pr`nsmfg, `n zgnms rurma`s, am L`r`nohm f` Hnv`slmohÿn y Ngrcmahzmohÿn hnoauyÿ `nsu prglrmcm f` movhfmf`s 4;== un stufhg sgdr` st` pg f` dagqu` pmrm mpahomohÿn n am ognstruoohÿnf` vhvh`nfms shscgrr`shst`nt`s udhomfms n zgnms f` pgshda` rh`slg f` hnunfmohÿn.

_u gdi`vg prhnohpma eu` vmaumr am madmýha`rãm f` suàg pr`nsmfg stmdhahzmfg ogn msematg y règrzmfg ogn

cmaam àòtrgsgafmfm, er`nt` m am madmýha`rãm f` suàg - pmim `n shchamr`s ognfhohgn`s f` règrzmch`ntg,pmrm usg `n zgnms f` matm shschohfmf y pgshdhahfmf`s f` hnunfmohÿn.

Moohgn`s r`mahzmfms

F`nhohÿn f` ams fhc`nshgn`s cgfuamr s fà dagqu`, f`nhohÿn c`zoams pmrm amdgrmohÿn f` spòãc`n`sf` pru`dm, emdrhomohÿn f` dagqu`s f` pru`dm.

Ognstruoohÿn ogn dmcdù

Ogcg unm mat`rnmvm pmrm am ognstruoohÿn f` vhvh`nfms `n zgnms f` matm shschohfmf, m dmig ogstg, amL`r`nohm f` Hnv`slmohÿn y Ngrcmahzmohÿn jm v`nhfg f`smrrgaamnfg fhv`rsgs `stufhgs grh`ntmfgs ma usgfà dmcdù n am ognstruoohÿn, fmfms ng sÿag pgr su pgt`nohma ogcg cmt`rhma f` ognstruoohÿn mnsãschom,shng tmcdhèn ams pgshdhahfmf`s qu` gerò` pmrm a cìgrmch`ntg fà `ntgrng y ròup`rmohÿn f` ír`ms.



68

_` hnoauyÿ `n à pamn gp`rmvg 4;==, am ognstruoohÿn f` un cgfàg f`cgstrmvg f` vhvh`nfm f` dmcdù`n ams hnstmamohgn`s f` am L`r`nohm Ygnma _@NOHOG ‟ Ojhoamyg, ouyg fhs`ýg rògl` ags r`suatmfgs f`fhv`rsgs stufhgs y xp`rh`nohms r`mahzmfgs n a pmãs.

@a gdi`vg f` am movhfmf eu` f`cgstrmr, m trmvès f` am ognstruoohÿn f` un cgfàg r`ma, ams pgshdhahfmf`s

f` mpahomohÿn fà dmcdù pmrm am ognstruoohÿn f` vhvh`nfms s`lurms y smaufmda`s.

Movhfmf`s r`mahzmfmsFhs`ýg y ognstruoohÿn f` cÿfuag f`cgstrmvg f` dmcdù `n ams hnstmamohgn`s f` am L`r`nohm Ygnma_@NOHOG ‟ Ojhoamyg. @a cÿfuag, f` 0; c4, hnoauy` smam f` r unhgn`s, gohnm, s`rvhohgs jhlhènhogs yogohnm.

Am `struoturm f` cgfàg ognshf`rm ohch`ntgs y sgdròhch`ntgs f` ognor`tg ohoaÿp`g, ognegrcmohÿn`struoturma f` curgs y tòjg ogn ph`zms `struoturma`s f` dmcdù, ogn unhgn`s f` p`rngs y tu`romsc`tíahogs, mnoamfgs m am ohc`ntmohÿn c`fhmnt` ph`zms f` `rrg, o`rrmch`ntgs f` omým f` dmcdù ojmnomfg

y tòjg ahvhmng.

@vmaumohÿn y o`romohÿn f` Ogohnms Cìgrmfms

F`sf` am prgcualmohÿn fà Fòr`tg _upr`cg ;=0-4;;8-UHUH@NFM, à _@NOHOG hcpa`c`ntÿ à prgo`sgf` `vmaumohÿn y o`romohÿn f` ogohnms cìgrmfms, qu` hnoauy` am r`mahzmohÿn f` pru`dms f` amdgrmtgrhg`n prgtgpgs f` ogohnm cìgrmfm, s`lùn prgo`fhch`ntgs stmdaòhfgs n a T`lamc`ntg f` @vmaumohÿn yO`romohÿn f` Ogohnms Cìgrmfms.

F`sf` `sm eòjm à amdgrmtgrhg f` Ogohnms Cìgrmfms f` _@NOHOG, jm v`nhfg drhnfmnfg à s`rvhohg f``vmaumohÿn y o`romohÿn f` ogohnms m sgahohtuf f` t`ro`rgs. Mfhohgnmac`nt`, s` jm jòjg nò`smrhghcpa`c`ntmr prgo`sgs pmrm v`rhomohÿn fà eunohgnmch`ntg f` ogohnms n omcpg.

@a gdi`vg eu` drhnfmr à s`rvhohg f` `vmaumohÿn, `n amdgrmtgrhg y o`romohÿn f` ogohnms cìgrmfms,lmrmnzmnfg am òh`nohm tèonhom f` ags cgfàgs m s`r mpahomfgs `n ams fhv`rsms r`lhgn`s fà pmãs.Mfiuntmc`nt , drhnfmr a s`rvhohg f` vmaumohÿn fà eunohgnmch`ntg f` ogohnms hnstmamfms.



Moohgn`s r`mahzmfms

=.-@vmaumohÿn y ms`sgrãm pmrm à cìgrmch`ntg y o`romohÿn f` ags shluh`nt`s

cgfàgs f` ogohnm9 Ogohnm Hnbmwmsh tr`s jgrnhaams (pr`s`ntmfm pgr à [rgyòtg@nFÙ ‟ LHY), Ogohnm Cìgrmfm pgrtía (pr`s`ntmfm pgr à [rgyòtg @nFÙ ‟LHY), Ogohnm Hnbmwmsh ]mnojhs (pr`s`ntmfm pgr a [rgyòtg @nFÙ ‟ LHY).

4.- @stufhgs f` v`rhomohÿn fà eunohgnmch`ntg f` ogohnms n omcpg9 `vmaumohÿnf` ogohnm Hnbmwmsh PB ‟ LHY hnstmamfms `n ams agomahfmf`s f` Mr`quhpm, sgahohtmfmpgr OG[M_M2 `vmaumohÿn f` ogohnms _PCMO VPAA[M hnstmamfms `n am T`lhÿnMnomsj, m sgahohtuf f` am GNL MFTM2 vmaumohÿn f` ogohnms Hnbmwmsh PB n OurvmYmpmtm ‟ [mojmoícmo, f`smrrgaamfg ogniuntmc`nt` ntr` _@NOHOG ‟ LHY.

?.-@stufhg f` [gauohÿn Hntrmfgchohahmrhm `n ogohnms hnstmamfms `n Mymvhrh ‟ [ung,ogn pmrohpmohÿn f` r`pr`s`ntmnt`s f` am LHN ‟ _@NOHOG, am Pnhv`rshfmf fÒgagrmfg, am Pnhv`rshfmf f` _mn [mdag (Mr`quhpm).

6.-[mrohpmohÿn n a U Egrg Cunfhma pgr à Mhr` Ahcphg ma Hnt`rhgr f` am Uhvh`nfm,grlmnhzmfg pgr am [OHM.

0;



F@[MTVMC@NVG F@ NGTCMAHYMOHßN

@amdgrmohÿn f` ngrcms fà T`lamc`ntg Nmohgnma f` @fhomohgn`s y `vmaumohÿn

f` shst`cms ognstruovgs ng ognv`nohgnma`s.

@s ogcp`t`nohm f` am L`r`nohm f` Hnv`slmohÿn y Ngrcmahzmohÿn `n à ír`m f`Ngrcmahzmohÿn, am àmdgrmohÿn y/g motumahzmohÿn f` ams ngrcms fà T`lamc`ntgNmohgnma f` @fhomohgn`s y am @vmaumohÿn f` _hst`cms Ognstruovgs NgOgnv`nohgnma`s.

@a [`rù `s un pmãs ogn unm lrmn fhv`rshfmf, qu` s` fm `n tgfgs ags omcpgs.@n stm c`fhfm ams gpohgn`s tòngaÿlhoms pmrm am ognstruoohÿn f` fhomohgn`s,`n`n qu` r`spgnf`r m ams vmrhmdhahfmf`s f` oahcms, cmt`rhma`s, shschohfmf y

pgaglãms agoma`s.

F`d`cgs r`smatmr pgr àag qu` ams ngrcms tèonhoms f` `fhomohÿn sgn fòucpahch`ntg gdahlmtgrhg `n tgfg à t`rrhtgrhg nmohgnma. [mrm am àmdgrmohÿn fàms ngrcms fà T`lamc`ntg Nmohgnma f` @fhomohgn`s, à _@NOHOG ognvgom mogchtès tèonhogs ogn am pmrohpmohÿn f` fhe`r`nt`s hnstuohgn`s `spòhmahzmfms`n a t`cm f` am ngrcm ogcg unhv`rshfmf`s, oga`lhgs prge`shgnma`s, hnstuohgn`spùdahoms y prhvmfms.

@n à 4;== jmn eunohgnmfg ags shluh`nt`s ogchtès tèonhogs pmrm am àmdgrmohÿn

f` ngrcms fà T`lamc`ntg Nmohgnma f` @fhomohgn`s.

=. Motumahzmohÿn f` ngrcms tèonhoms f` `fhomohÿn

- @a Ogchtè tèonhog f` am NGTCM @.;8; @_VTPOVPTM_ C@VÍAHOM_,èòtuÿ s`shgn`s f` motumahzmohÿn, aglrmnfg un mvmno` lagdma fà 50%.

- @a Ogchtè f` am NGTCM H_.;4; VMN]P@_ _È[VHOG_, èòtuÿ s`shgn`s f`motumahzmohÿn, aglrmnfg un mvmno` lagdma fà 44%.

- @a Ogchtè f` am NGTCM G_.;5; FT@NMI@ [APUHMA PTDMNG èòtuÿ

s`shgn`s f` motumahzmohÿn, aglrmnfg un mvmno` lagdma fà 4;%.

- @a Ogchtè tèonhog f` am NGTCM @. ;?; FH_@ÝG _H_CGTT@_H_V@NV@,ogn am nmahfmf f` hnogrpgrmr nu`vms tòngaglãms shscgrr`shst`nt`s `n ams`fhomohgn`s, èòtuÿ s`shgn`s `xtrmgrfhnmrhms `n am qu` s` ognshf`rÿ amhnoaushÿn f` un ompãtuag f` F`spamzmch`ntg _ãschog.

0=



04

@vmaumohÿn f` shst`cms ognstruovgs ng ognv`nohgnma`s

Ams p`rsgnms nmturma`s g iurãfhoms qu` pgs`mn g r`pr`s`nt`n _hst`cms f` [rèmdrhomohÿn f` Uhvh`nfms yams f` Ognstruoohÿn Ng Ognv`nohgnma, oumaquh`rm s`m su nmturma`zm, f`d`rín gdt`n`r pr`vhmc`nt` m suuahzmohÿn `n oumaquh`r aulmr fà t`rrhtgrhg nmohgnma am mprgdmohÿn y mutgrhzmohÿn f` am chscm.

[mrm `vmaumr omfm shst`cm, à _@NOHOG, m trmvès f` am L`r`nohm f` Hnv slmohÿn y Ngrcmahzmohÿnognegrcm unm ogchshÿn f` vmaumohÿn fà shst`cm, qu` r`ùn` y vmaùm am hnegrcmohÿn tèonhom grhlhnma fàprgpgn`nt`, r`mahzm ams gds`rvmohgn`s y prgpu`stms, s`lùn s`m à omsg, pmrm oucpahr ogn ag fhspu`stg `nà T`lamc`ntg. _h a _hst`cm Ognstruovg Ng Ognv`nohgnma oucpa` tgfgs ags r`quhshtgs, s a`vmfg ogcgprgpu`stm ma Chnhst`rhg f` Uhvh`nfm, Ognstruoohÿn y _mn`mch`ntg pmrm am `xp`fhohÿn f` am T`sgauohÿnChnhst`rhma ogrr`spgnfh`nt`.

@n à mýg 4;== s` `vmaumrgn ;6 shst`cms ognstruovgs ng ognv`nohgnma`s r`ch`nfg à `xp`fh`nt` ognà Hnegrc` Vèonhog ogrr`spgnfh`nt` ma Chnhst`rhg f` Uhvh`nfm, Ognstruoohÿn y _mn`mch`ntg (CUO_) pmrmam xp`fhohÿn f` am r`spòvm r`sgauohÿn chnhst`rhma.

@a CUO_ `chÿ `n à p`rãgfg 4;== ams r`sgauohgn`s ogrr`spgnfh`nt`s f` tr`s shst`cms ognstruovgs`vmaumfgs pgr _@NOHOG, qu` s` hnfhomn m ognnumohÿn9

• _hst`cm Ognstruovg Ng Ognv`nohgnma UHUH@NFG DH@N, T`sgauohÿn Chnhst`rhma N»;;?-4;==-UHUH@NFM, f` eòjm ;6.;=.4;==. à ouma ognshst` f` unm sgam pamntm, curgs prèmdrhomfgs fògnor`tg shcpa` f` ?.; oc f` `sp`sgr ognnmfgs pgr p`ra`s pa`lmfgs f` mo`rg, egrcmfgs m pmrr f`pamnojms fgdamfms n erãg qu` m su v`z sgn mrrhgstrmfgs trmnsv`rsmac`nt` pgr pÿrogs f` vhlms f` cmf`rmy mrrhgstr`s tuduamr`s c`tíahogs `n ams `squhnms fà cÿfuag. Am ogd`rturm phom am ognegrcmn pamnojmsgnfuamfms f` drgo`c`ntg g shchamr. Am ohc`ntmohÿn stí ognegrcmfm pgr unm agsm f` ognor`tg f` =; oc

f` `sp`sgr.

• _hst`cm Ognstruovg Ng Ognv`nohgnma @UL-?F, T`sgauohÿn Chnhst`rhma N» ;<6-4;==-UHUH@NFM,f` eòjm =0.;?.4;==, à ouma ognshst` `n à usg f` pmnà`s @UL-?F prèmdrhomfgs m `somam hnfustrhma. Agspmnà`s @UL-?F `stín ognegrcmfgs pgr un nùoa`g f` pgah`sr`ng `xpmnfhfg (@[_) f` 6; m =;; cc f``sp`sgr `ntr` fgs aíchnms f` cmaam c`tíahom sgafmfms, pamnms y pmrmaàms (cmaam f` ròudrhch`ntg) ymamcdr`s trmnsv`rsma`s `n fhmlgnma qu` oruzmn à nùoa`g f` @[_ y qu` `stín sgafmfgs m ags mamcdr`sahn`ma`s f` am cmaam f` ròudrhch`ntg.

• _hst`cm Ognstruovg Ng Ognv`nohgnma AAMZVM, T`sgauohÿn Chnhst`rhma N» ;46-4;=4-UHUH@NFM,

fà ?;.;=.4;=4, ognshst` `n cÿfuags prèmdrhomfgs f` ognor`tg mrcmfg ouym agsm fà prhc`r phsg `sognòtmfm m am ohc`ntmohÿn pgr c`fhg f` zmpmtms. @a shst`cm pu`f` s`r pmrm ung g fgs phsgs.



0?

@a shst`cm ognstruovg ng ognv`nohgnma ‑Mcpahmohÿn fà _hst`cm @UL ?F–, eu` `vmaumfg y r`chfgogn Hnegrc` Vèonhog ma Chnhst`rhg f` Uhvh`nfm, Ognstruoohÿn y _mn`mch`ntg (CUO_). @st` shst`cm eu`gds`rvmfg pgr a (CUO_) y eu` r`chfg ma prgpgn`nt` pmrm a a`vmntmch`ntg f` ams gds`rvmohgn`s.

Fheushÿn f` ngrcms

Gtrm movhfmf hcpgrtmnt` `s am fheushÿn f` ams ngrcms fà T`lamc`ntg Nmohgnma f` @fhomohgn`s,`spòhmac`nt` mquàams qu` sgn nu`vms ngrcms y/g motumahzmfms. @stm movhfmf s` r`mahzm `n àpmãs c`fhmnt` ogne`r`nohms y pudahomohgn`s. Msã tmcdhèn s` r`mahzm am fheushÿn fà r`lamc`ntg pmrm ammprgdmohÿn f` uahzmohÿn f` shst`cms ognstruovgs ng ognv`nohgnma`s.

_` r`mahzÿ am fhohÿn y pudahomohÿn f` am Ngrcm Vèonhom C`trmfgs pmrm Gdrms f` @fhomohÿn y Jmdhahtmohgn`sPrdmnms. _` r`ch`rgn i`cpamr`s m ams L`r`nohms Ygnma`s2 mshchscg s` r`chÿ m am Gohnm f` Ogntrga f`Mpgrt`s 4=5 i`cpamr`s pmrm fheushÿn ntr` ams `cpr`sms mpgrtmnt`s.

_` r`mahzÿ unm nu`vm `fhohÿn fà r`lamc`ntg pmrm am mprgdmohÿn f` uahzmohÿn f` shst`cms ognstruovgs

ng ognv`nohgnma`s. @stm pudahomohÿn s` fheunf` `ntr` fhe`r`nt`s usumrhgs, `spòhmac`nt` ams `cpr`smsprgpgn`nt`s qu` s` mo`romn m am L`r`nohm f` Hnv`slmohÿn y Ngrcmahzmohÿn pmrm am r`mahzmohÿn fògnsuatms ràmohgnmfms ogn am `vmaumohÿn f` shst`cms ognstruovgs ng ognv`nohgnma`s. Ma mýg s` `n`nmprgxhcmfmc`nt un prgc`fhg f` =; ognsuatms.

_` mvmnzÿ `n un 8;% am `fhohÿn fà ompãtuag f` `struoturms fà T`lamc`ntg Nmohgnma f` @fhomohgn`s,ognt`nh`nfg ams ngrcms motumahzmfms m am eòjm.

@n a cmrog f` ams movhfmf`s pgr am ognc`cgrmohÿn f` un nu`vg mnhv`rsmrhg fà _@NOHOG, s` grlmnhzÿ amfheushÿn f` am ngrcm NV@ @.;0; Fhs`ýg _hscgrr`shst`nt , c`fhmnt` a `v`ntg ‑Omazmfurms y _gst`nhch`ntg

`n @xomvmohgn`s Pnm Chrmfm Dmig am a`nt` f` am Ngrcm @ ;0;–.

@n à c`s f` cmrzg fà 4;== s` r`mahzÿ `n am ohufmf f` Vmonm am fheushÿn fà T`lamc`ntg Nmohgnma f`@fhomohgn`s, ogntmnfg ogn a mpgyg f` am L`r`nohm Ygnma Vmonm n am fheushÿn y ognvgomtgrhm.



O[O. I`sshom Aÿp`z Ogaamnt`s



L@T@NOHM F@

MFCHNH_VTMOHßN XEHNMNYM_

@iòutm movhfmf`s f` ognfuoohÿn, sup`rvhshÿny vmaumohÿn f` ams movhfmf`s f` Ogntmdhahfmf,

V`sgr`rãm, [`rsgnma, Mdmstòhch`ntg, Hnegrcíom,msã ogcg moohgn`s f` grh`ntmohÿn y ogntrga f`

mpgrt`s fà _@NOHOG m nhvà nmohgnma.



05

Hnlr`sgs pgr mpgrt`s f` ams `cpr`sms ognstruotgrms `n à mýg 4;== pgr à ogno`ptgf` am ogntrhduohÿn ma _`rvhohg Nmohgnma f` Ompmohtmohÿn pmrm am Hnfustrhm f` amOgnstruoohÿn - _@NOHOG

Vgfgs ags mýgs, à _@NOHOG p`rohd` mpgrt`s ògnÿchogs f` ams p`rsgnms nmturma`sy iurãfhoms qu` f`smrrgaamn movhfmf`s f` am Oamshomohÿn Hnt`rnmohgnma HnfustrhmaPnhegrc`-OHHP OGN_VTPOOHGN sòohÿn E, r`vhshÿn HU. @a F`pmrtmc`ntg f` Grh`ntmohÿny Ogntrga f` Mpgrt`s s` `nomrlm f` èòtumr à ogntrga f` mpgrt`s qu` ròhd` à_@NOHOG hnegrcmr ma r`spòtg.

@n à trmnsoursg fà mýg 4;== s` p`rohdh`rgn hnlr`sgs pgr am ogntrhduohÿn ma _@NOHOGpgr am sucm tgtma f` _/. 0;‘650,6?6.<?.

@amdgrmohÿn9 Fptg. Ogntrga f` Mpgrt`s - _@NOHOG

C@_@_ 4;==T@OMPFMOHßN

VGVMA _/.

@N@TG 5‘6=<,545.?<

E@DT@TG ?‘;=<,444.44

CMTYG ?‘6=;,0??.<8

MDTHA ?‘06?,05:.;6

CMXG ?‘=0=,6;5.:8

IPNHG ?‘5??,485.;6

IPAHG ?‘<:4,<4:.=5

MLG_VG 6‘556,86:.=:

_@VH@CDT@ 6‘==;,0;0.;;

GOVPDT@ 6‘46=,:?:.84

NGUH@CDT@ 0‘40:,?0:.88

FHOH@CDT@ 0‘4??,6;4.=?

VGVMA 0;‘650,6?6.<?

F@[MTVMC@NVG F@ GTH@NVMOHßN XOGNVTGA F@ M[GTV@_



0<

Tàmohÿn f` ams prhnohpma`s cpr`sms mpgrtmnt`s ma _@NOHOG

@n à mýg 4;==, s`lùn à vgauc`n f` ags pmlgs r`mahzmfgs pgr ags ogntrhduy`nt`sf` am ogntrhduohÿn ma _@NOHOG, t`n`cgs ams shluh`nt`s prhnohpma`s `cpr`smsmpgrtmnt`s9

@amdgrmohÿn9 Fptg. Ogntrga f` Mpgrt`s - _@NOHOG

L y C _.M.

Hnl`nh`rgs Ohvha`s y Ogntrmthstms L`n`rma`s _.M.

Ognstruoohÿn y Mfchnhstrmohÿn _.M.

OG_M[H _. M

Gv`rs`ms Dòjtà Hnogrp. _uoursma fà [`rù

[rgyòtgs f` Hnerm`struoturm fà [`rù _.M.O.

_mn Cmrtãn Ogntrmthstms L`n`rma s _.M.OGNMAUHM_ _.M. _uoursma [`rù

IIO Ogntrmthstms L`n`rma`s _.M.

V@OJHNV _.M.O.

JU Ogntrmthstms _.M.

Ognstruotgrm Ngrd`rtg Gf`dròjt _.M. _uoursma [`rù



@ogn. Tgd`rtg Jgrnm Omaf`rÿn



L@T@NOHM F@[AMNHEHOMOHßN X[T@_P[P@_VG

@iòutm movhfmf`s f` ognfuoohÿn, egrcuamohÿny vmaumohÿn f` ags pamn`s y pr`supu`stgs fà_@NOHOG f` mou`rfg m am Ngrcmvhfmf f` ags

shst`cms `chfgs pgr ags ÿrlmngs ròtgr`s.

Mshchscg, s r`spgnsmda` f` ams movhfmf`s f`rmohgnmahzmohÿn m nhvà hnstuohgnma.



OPT_G_ EGTCMVHUG_[GTO@NVMI@ F@ MUMNO@ F@ OM[MOHVMFG_ [GT YGNMA X NHU@A MA

OPMTVG VTHC@_VT@ 4;==

5;

YGNMA NHU@A GOP[MOHGNMA C@VM MNPMACMVTHOPAMFG_/

HN_OTHVG_OM[MOHVMFG_

%

OPC[AHCH@NVG

M[PTHCMO VGVMA PG M[PTHCMO <;; 45< 408 ?<.;;%

VGVMA NHU@A G[@TMVHUG <;; 45< 408 ?<.;;%VGVMA NHU@A VÈONHOG ; ; ; ;.;;%VGVMA NHU@A [TGE@_HGNMA ; ; ; ;.;;%VGVMA VGFG_ AG_ NHU@A@_ ; ; ; ;.;;%

MXMOPOJG VGVMA PG MXMOPOJG 4,=40 <65 0<8 4<.40%

VGVMA NHU@A G[@TMVHUG 86; ?84 485 ?=.68%VGVMA NHU@A VÈONHOG :<; ?06 4:? ?4.0?%VGVMA NHU@A [TGE@_HGNMA =0; ; ; ;.;;%

VGVMA VGFG_ AG_ NHU@A@_ =50 ; ; ;.;;%OMIMCMTOM VGVMA PG OMIMCMTOM =,44: <6: 04< 64.84%

VGVMA NHU@A G[@TMVHUG <:6 5?; 648 06.<4%VGVMA NHU@A VÈONHOG 56 ==: 8: =0?.=?%VGVMA NHU@A [TGE@_HGNMA 44; ; ; ;.;;%VGVMA VGFG_ AG_ NHU@A@_ =5; ; ; ;.;;%

JPMNOMU@AHOM VGVMA PG JPMNOMU@AHOM =,00? 6== ?64 44.;4%

VGVMA NHU@A G[@TMVHUG 5:0 4=6 =86 4:.?4%VGVMA NHU@A VÈONHOG <4: =0; ==; =0.==%VGVMA NHU@A [TGE@_HGNMA :6 6< ?: 60.46%VGVMA VGFG_ AG_ NHU@A@_ 05 ; ; ;.;;%

H]PHVG_ VGVMA LY H]PHVG_ =,=<; ?04 45< 44.:4%

VGVMA NHU@A G[@TMVHUG <=; 4=8 =0: 44.40%

VGVMA NHU@A VÈONHOG 5; 4< 46 6;.;;%VGVMA NHU@A [TGE@_HGNMA 4:; 85 <5 4<.=6%VGVMA VGFG_ AG_ NHU@A@_ =4; =; 8 <.0;%

CMFT@ F@ FHG_ VGVMA PG CMFT@ F@ FHG_ <;; 40< 4?0 ??.0<%

VGVMA NHU@A G[@TMVHUG <;; 40< 4?0 ??.0<%VGVMA NHU@A VÈONHOG ; ; ; ;.;;%VGVMA NHU@A [TGE@_HGNMA ; ; ; ;.;;%VGVMA VGFG_ AG_ NHU@A@_ ; ; ; ;.;;%

CG]P@LPM VGVMA PG CG]P@LPM <05 644 ?8= 0=.<4%

VGVMA NHU@A G[@TMVHUG 65; 644 ?8= :0.;;%VGVMA NHU@A VÈONHOG 4=5 ; ; ;.;;%VGVMA NHU@A [TGE@_HGNMA :; ; ; ;.;;%VGVMA VGFG_ AG_ NHU@A@_ ; ; ; ;.;;%

[POMAA[M VGVMA PG [POMAA[M =,06; ; ; ;.;;%VGVMA NHU@A G[@TMVHUG =,=6; ; ; ;.;;%VGVMA NHU@A VÈONHOG ; ; ; ;.;;%VGVMA NHU@A [TGE@_HGNMA =4; ; ; ;.;;%VGVMA VGFG_ AG_ NHU@A@_ 4:; ; ; ;.;;%

VMONM VGVMA LY VMONM =,:== 4,046 =,8=; =;0.6<%

VGVMA NHU@A G[@TMVHUG =,;=0 =,<?4 =,?=? =48.?5%VGVMA NHU@A VÈONHOG 085 54< 68? :4.<4%VGVMA NHU@A [TGE@_HGNMA =:; =50 =;6 0<.<:%VGVMA VGFG_ AG_ NHU@A@_ 4; ; ; ;.;;%

VPCD@_ VGVMA PG VPCD@_ 4;; ; ; ;.;;%

VGVMA NHU@A G[@TMVHUG 4;; ; ; ;.;;%VGVMA NHU@A VÈONHOG ; ; ; ;.;;%

VGVMA NHU@A [TGE@_HGNMA ; ; ; ;.;;%VGVMA VGFG_ AG_ NHU@A@_ ; ; ; ;.;;%



@_OP@AM _P[@THGT

V@ONGAßLHOM _@NOHOG

5<

• [rgo`sg f` Cmtrãouam@a nùc`rg f` cmtrhouamfgs `n à _`c`str` Momfèchog 4;== - = eu` f` =:6< maucngs2 ch`ntrms qu`, `n à_`c`str` Momfèchog 4;== ‟ 4 à nùc`rg f` cmtrhouamfgs eu` f` =,<86 maucngs. (U`r oumfrg ?).

Oumfrg ?Nùc`rg f` cmtrhouamfgs s`lùn s`c`str` momfèchog y omrr`rm.

Omrr`rmN¹ f`

cmtrhouamfgs4;== - =

N¹ f`cmtrhouamfgs

4;== - 4

Fhs`ýg f` Hnt`rhgr`s 0?0 685

@fhehomohgn`s 0:= 0<0

Fhduig n Ognstruoohÿn Ohvha 400 4?:

Vgpglrmeãm =0: =55

L`gcíthom =<= =58

Amdgrmtgrhg f` _uàgs, Ognor`tg y Msematg =6< =0;

Vgtma =:6< =<86



<;

Gohnm f` Oggrfhnmohÿn Momfèchom

Oucpah`nfg ogn su amdgr f` n`xg fhníchog `ntr` ags `stmc`ntgs `stufhmna, fgo`nt`, mfchnhstrmvg` hnstuohgnma pmrm am ìòuohÿn y f`smrrgaag f` ams movhfmf`s `fuomvms prglrmcmfms pgr am @souàm @_V_@NOHOG, ams eunohgn`s f` `stm f`p`nf`nohm furmnt` à mýg 4;== `stuvh`rgn fhrhlhfms m vàmr pgr cmnt`n`ry ogntrhduhr m à`vmr à nhvà momfèchog `n tgfms nu`strms omrr`rms, m n f` aglrmr unm cmygr pr`s`nohm `n à

c`romfg `fuomvg y prgphohmr à f`smrrgaag prge`shgnma f` nu`strgs `lr`smfgs, m trmvès f` unm egrcmohÿn fòmahfmf.

@n à pr`s`nt` mýg am @souàm @_V _@NOHOG jm sup`rmfg tgfms ams c`tms jhstÿrhoms `n oumntg ma nùc`rg f`maucngs cmtrhouamfgs (?,56=) ` hnlr`smnt`s (<68), f` un tgtma f` ?,?;; pgstuamnt`s. Omd` r`smatmr qu`, `n`st` p`rãgfg am @_V _@NOHOG ognoauyÿ smsemotgrhmc`nt` am prhc`rm pmrt` fà ognv`nhg f` Oggp`rmohÿn y_udv`nohÿn _gohma `ntr` à _`rvhohg Nmohgnma f` Ompmohtmohÿn pmrm am Hnfustrhm f` am Ognstruoohÿn - _@NOHOG yam Cunhohpmahfmf Fhstrhtma f` [u`nt` [h`frm, n d`nòhg f` 6:; stufhmnt`s f` ahchtmfgs ròursgs ognÿchogsqu` vhv`n n st` fhstrhtg.

Am hnogrpgrmohÿn f` ags maucngs dòmfgs s` jmrí `n fgs `tmpms qu` s`rín pmlmfms pgr am cunhohpmahfmf pmrmqu` pu`fmn s`luhr stufhgs f` nhvà tèonhog prge`shgnma n am @_V [email protected]`stmom f`ntrg f` nu`strms movhfmf`s, à jòjg f` jmd`r r`mrcmfg ogn OÈL@[ AHCGHAGP F@ ]PÈD@O -Omnmfí am `quhvma`nohm `ntr` nu`strm omrr`rm f` L`gcíom y am qu` àags f`smrrgaamn `n su pmãs.

_` jm ognsgahfmfg à prgo`sg f` `vmaumohÿn f` f`s`cp`ýg fgo`nt` f`smrrgaamnfg am prhc`rm _up`rvhshÿn

@fuomvm Hnt`lrma, ogrrgdgrínfgs` à nhvà momfèchog y am omahfmf f` nu`strgs fgo`nt`s.Am oggrfhnmohÿnmomfèchom furmnt` à mýg 4;==, tuvg unm cmygr y `xhl`nt` amdgr ogcg ognsòu`nohm fà hnor`c`ntg f`

maucngs, f`dhfg tmntg m am cmygr f`cmnfm f` tèonhogs `n à sòtgr ognstruoohÿn, ag qu` shlnhoÿ un cmygrnùc`rg f` hnlr`smnt`s n am @souàm, ogcg tmcdhèn m un muc`ntg f` maucngs r`hnlr`smnt`s, s fòhr maucngsqu` fìmrgn f` stufhmr cmygrc`nt` pgr rmzgn`s ognÿchoms y qu` ma t`n`r cmygr`s pgshdhahfmf`s f` trmdmigr`tgcmn sus stufhgs, ogno`ntrínfgs` cmygrc`nt` n a turng ngoj`.



<=

@a hcpa`c`ntmr cms sòohgn`s f` muams shlnhoÿ muc`ntmr ams jgrms f` oams`s y pgr ag tmntg mcpahmr y cìgrmram prglrmcmohÿn f` ags jgrmrhgs fgo`nt`s, f` ags mcdh`nt`s f` stufhg, quhpgs y j`rrmch`ntms9• Vmaa`r`s f` prgo`sgs ognstruovgs• Amdgrmtgrhgs f` oÿcputg• Vmaa`r`s f` Fhduig y Fhs`ýg• Amdgrmtgrhgs f` @nsmyg f` Cmt`rhma`s

• [ríooms tgpglríoms f` omcpg pmrm ams omrr`rms f` Vgpglrmm, @fhomohgn`s y L`gcíom• _mahfms ogn cgvhahfmf pmrm vhshtms luhmfms m `cpr`sms hnstuohgn`s pmrm ams omrr`rms f` Fhs`ýg f` Hnt`rhgr`s, Fhduig f` Ognstruoohÿn Ohvha y @fhomohgn`s.

[mrm à s`c`str` 4;==-4 s` pr`s`ntmrgn ròamcgs `n ràmohÿn ma eunohgnmch`ntg fà shst`cm f` ogntrga f`Mshst`nohm f` Fgo`nt`s. Omd` c`nohgnmr qu`, ags fgo`nt`s pmrmaàmc`nt` ma usg fà shst`cm cmromdmn sumshst`nohm c`fhmnt` à usg fà ràgi cmnuma, sh`nfg `st` c`fhg cís ognmda` pmrm àags hnoausg pmrm am gohnmf` Oggrfhnmohÿn Momfèchom qu` r`mahzm y `nvãm ags r`pgrt`s f` ematms y tmrfmnzms r`vhsmnfg omfm ung f` agsegrcmtgs f` cmromohÿn fgo`nt`.

[gr aag, s` dusoÿ sgauohgnmr st` prgda`cm ogn am hcpa`c`ntmohÿn f` un nu`vg cÿfuag f` ogntrga f` mshst`nohm

f` fgo`nt`s, a chscg qu` ms`lur` qu` ams cmromohgn`s f` ntrmfm y smahfm qu`f`n r`lhstrmfms ogrròtmc`nt`,f` cgfg qu` s` pu`fm r`pgrtmr òh`nt`c`nt` m am gohnm f` mfchnhstrmohÿn à rèogrf f` mshst`nohm f`fgo`nt`s ags ouma`s s` v`rín r`ìmfgs `n am pamnhaam f` pmlgs fà c`s.

[mrm àag, s` pmotmrgn rùnhgn`s f` trmdmig `ntr` am gohnm f` OggrfhnmohÿnMomfèchom y am f` Hnegrcíom (4 vò`s pgr s`cmnm).@tmpms f` am or`mohÿn fà cÿfuag f` ogntrga f` mshst`nohm fgo`nt`9

Mníahshs

[amnt`mch`ntg fà prgda`cm, puntgs f` vhstm y dùsqu`fm f` sgauohgn`s.

Fhs`ýg

Umahfmohgn`s, spòhomohgn`s fà nu`vg cÿfuag f` cmromohÿn n a _HL@.

Hcpa`c`ntmohÿn

_` hcpa`c`ntmrgn `n ;4 `quhpgs f` oÿcputg pmrm à usg f` cÿfuag f`cmromohÿn.

[ru`dmsMotumac`nt` ngs nogntrmcgs n stm tmpm.

Cmnt`nhch`ntg



<4

@n à 4;==, s` r`mahzÿ am `nou`stm f` gphnhÿn ma `stufhmnt` ogn un cìgr

prgo`smch`ntg f` fmtgs, ags qu` cgstrmrgn hnegrcmohÿn ùa, tma ogcg9• Gphnhÿn fà maucng `n ràmohÿn ma fgo`nt`.• Gphnhÿn f` am Hnerm`struoturm.• Gphnhÿn f` am Mt`nohÿn Mfchnhstrmvm.• Gphnhÿn fà Muxhahmr Mfchnhstrmvg.

@n am @souàm @_V _@NOHOG s` mfquhrh`rgn ags shluh`nt`s `quhpgs pmrm ams oams`spríooms f` Vgpglrmm.

Ngtm9 Ags à`c`ntgs y/g `quhpgs cgstrmfgs `n à oumfrg (U`r mrrhdm) eu`rgnr`qu`rhfgs `n à mýg 4;=;, shn `cdmrlg, s` ìòutÿ am mfquhshohÿn f` ags chscgsm hnhohgs fà p`rãgfg 4;==.Motumac`nt` s` nou`ntrmn gp`rmvgs m fhspgshohÿn fàm @_V _@NOHOG.

@n à mýg 4;==, s` cìgrmrgn ags ogntrga`s f` `quhpgs tgpglríogs pmrm àag s`àmdgrÿ ag shluh`nt 9• Egrcmtg f` [`fhfgs @quhpgs.• Egrcmtg f` _mahfm f` @quhpgs.• Egrcmtg f` Cmnt`nhch`ntg f` @quhpgs.@n am @_V s` mfquhrh`rgn ags shluh`nt`s `quhpgs hcpa`c`ntmfgs `n muams yamdgrmtgrhgs f` am @_V _@NOHOG pgr am Gohnm f` Mufhgvhsuma`s

F@_OTH[OHßN CMTOM CGF@AG OMNVHFMF

Drùiuams f` dgashaag ------------------ F]A-;: =; unhfmf`s @oaãc`trgs ------------------ -------------------- =; unhfmf`s @stmohÿn Vgtma V G[OGN L [V<0;0 ;: unhfmf`s

@st`r`gsogphg f` dgashaag VG[OGN ------------------- ; 0 unhfmf`s @st`r`gsogphg f` spìgs VG[OGN C _-;? ; = unhfmf

L[_ fhe`r`nohma VG[OGN L T-;? ; = unhfmf

L[_ nmv`lmfgr LMCHN G r`lÿn 00; =0 unhfmf`s

Imagn`s ------------------

------------------- 4 6 unhfmf`s

Chrms ------------------ [ a`lmda` f` cmf`rm =; unhfmf`s

Nhvà f` Hnl`nh`rg [@NVMZ M [-4;:= ; : unhfmf`s

Dmstgn`s, [grtm prhscms,

prhscms

O_V/D@TL@T ------------------- ?4 unhfmf`s

F@_OTH[OHßN CMTOM CGF@AG OMNVHFMF

Ogcputmfgrms F@AA OGT@ H0 5; unhfmf`s

@stmdhahzmfgr`s VTHF@OGC ----------- =5 unhfmf`s@stmdhahzmfgr`s EGTYM ----------- 66 unhfmf`sVmri`tm f` Uhf`g =ld LHLMDXV@ ---------- 5; unhfmf`sAícpmrms pmrm prgyòtgr ---------------- ----------- ;: unhfmf`s



<?

Ír`m f` [rgcgohÿn ` Hcml`n

Ags [rgo`sgs f` mfchshÿn 4;==-= y 4;==-4 ngs fìmrgn un tgtma f` 4,=8;pgstuamnt`s gdt`nh`nfg cmygr omnfmf f` hnsorhtgs qu` mýgs mnt`rhgr`s.@n à prhc`r prgo`sg à tgtma aa`lÿ m =,4=: y `n à s`lunfg m 8<4 pgstuamnt`s._` gds`rvm un oròhch`ntg `n ràmohÿn m prgo`sgs mnt`rhgr`s, aglrmnfg msã àgdi`vg f` pgf`r sàòohgnmr m ags pgstuamnt`s cís mptgs, ogpmnfg 6=5 y 48;vmomnt`s, r`spòvmc`nt`.

4;;5-4 4;;<-4 4;;:-4 4;;8-4 4;=;-4 4;==-4[G_VPAMNV@_ ?<; ?5= 64; 08; <50 8<=

UMOMNV@_ ?50 ?6< 4:: 646 ?;: 48;

?50 ?6< 4::646

?;: 48;

?<; ?5= 64;

08; <50

8<=

;

4;;

6;;

5;;

:;;

=;;;

=4;;

=6;;

Oumfrg ogcpmrmthvg f` pgstuamnt`s

Mfchshÿn 4;;5-= ma 4;==-=



<6

[mrm mcdms omcpmýms f` mfchshÿn s`jhzg usg f` c`rojmnfhshnl ràmohgnmfg mam @_V _@NOHOG. Ogntmcgs tmcdhèn ogn amomcpmým f` trínshtg, fgnf` rògrr`cgs

fhv`rsgs fhstrhtgs f` Ahcm aa`lmnfg mnu`strg lrupg gdi`vg, fhstrhduyènfgvgamnt`s ogn hnegrcmohÿn f` am @souàm.

F` am chscm cmn`rm, `n à ergns fàm hnstuohÿn, s`f` _mn Dgrim y s`fÀgs Gahvgs s` ogagomrgn lhlmntglrmmsfhs`ýmfms `spòhmac`nt` pmrm `st`

prgo`sg f` mfchshÿn.

Mshchscg, s` fh`rgn ojmrams hnegrcmvms,pr`s`ntmnfg fhmpgshvms ogn à chscgcgvg f` omcpmým `n à mufhtgrhgprhnohpma, qu` vmn f` am cmng ogn amhnegrcmohÿn f` omfm fgo`nt` spòhmahzmfg

`n am omrr`rm, ogn am nmahfmf f` f`spìmr fufms m tgfms ams p`rsgnms hnt`r`smfms `n hnlr`smr m am @_V [email protected]` à mýg, pmrohpmcgs `n fhv`rsgs `v`ntgs, e`rhms vgomohgnma`s y omcpmýms oãvhoms aa`vmnfg hnegrcmohÿn fàm `souàm y fheunfh`nfg am hcml`n hnstuohgnma, r`smatmnfg omrr`rm pgr omrr`rm tgcmnfg pgr ì`cpag am omrr`rm f`L`gcíom, qu` s` pr`s`ntÿ `n à Hnstutg L`glríog Nmohgnma (HLN), fgnf` am @_V _@NOHOG pmrohpÿ `n à `v`ntgàmdgrmnfg mrouags y pudahohfmf pmrm am r`vhstm ‑@a L`ÿlrmeg–.

@a Ír`m f` [rgcgohÿn ` Hcml`n s` `nomrlÿ f` cmnt`n`r ma p`rsgnma f` am @souàm ogno`ntrmfg `n sus amdgr`s yd`nòhínfgags ogn fhv`rsgs mlmsmigs, ogcg à Fãm f` am Cmfr`, f`smyung nmvhf`ýg pmrm ags fgo`nt`s, omcp`gnmtgf`pgrvg pmrm ags maucngs, movhfmf`s xtrmourrhouamr`s, ntr` gtrgs. Vgfg aag, ogn am nmahfmf f` t`n`r un mcdh`nt`hfÿn`g pmrm a ogrròtg f`s`nvgavhch`ntg f` ags stufhmnt`s y prge`sgr s f` am @_V _@NOHOG.

Dhdahgtòm @spòhmahzmfmAm dhdahgtòm s` nomrlÿ f` sup`rmr tgfg r`lhstrg fà mýg mnt`rhgr fìmnfg ogcg fmtgs ags shluh`nt`s puntgs9=.- Mt`nohÿn ma pùdahog usumrhg, hnt`rng y `xt`rng, n ags s`rvhohgs qu` drhnfm am Dhdahgtòm @spòhmahzmfm, n un prgc`fhgf` ?,4;; ognsuatms c`nsuma`s.

4.- U`ntm f` pudahomohgn`s `fhtmfms pgr am hnstuohÿn qu` myufm m fheunfhr hnegrcmohÿn sgdr` prgo`sgs ognstruovgs,ngrcms tèonhoms, hnv slmohÿn y ngrcmahzmohÿn (=,=6; ma mýg) mf`cís f` omrnès, ogphmfg f` OFs, y gtrgs s`rvhohgs.?.- Fheushÿn f` ags s`rvhohgs qu` drhnfm am dhdahgtòm c`fhmnt` trãpogs m ags maucngs, prge`sgr`s y trmdmimfgr`s, n unprgc`fhg f` ?;; trãpogs c`nsuma`s.



GEHOHNM F@ F@_MTTGAAG,

CMNV@NHCH@NVG @HNETM@_VTPOVPTM

<8

@n am prgpu`stm f` vhvh`nfm, _@NOHOG jm hnogrpgrmfg à omaèmotgr sgamrcurg trgcd`, a shst`cm smnhtmrhg dmsÿn y unm ogohnm cìgrmfm. Ags curgsf` mfgd`, sgn règrzmfgs ogn l`gcmaam, pgr ag qu` ng s` jmn hnoauhfg agsogntrmeu`rt`s.

Am prgpu`stm ognshf`rm am mpahomohÿn f` ams ngrcms vhl`nt`s y n st` cmrog,pgfrãmn s`r cgfhomfms y cìgrmfms, s`lùn ams nò`shfmf`s y ognfhohgn`sr`lhgnma`s y agoma`s qu` s` pr`s`nt`n.

Ognt`xtg

@stm prgpu`stm r`spgnf` ma r`qu`rhch`ntg f` r`mahzmr hnt`rv`nohgn`s `n àt`cm f` vhvh`nfm, grh`ntmfms m mpgymr m ams pgdamohgn`s rurma`s matgmnfhnmsogn à n f` cìgrmr su nhvà f` vhfm y fhschnuhr su shtumohÿn f` pgdr`zm,

f`ntrg f` un ognt`xtg f` `seu`rzg y ogamdgrmohÿn cutum.

Am prhgrhfmf f` mt`nohÿn f` `st` prgyòtg s` ohrounsorhd` m ags pu`dagsudhomfgs `n ams zgnms matg-mnfhnms, prgt`lh`nfg ma pgdamfgr f` amst`cp`rmturms dmims furmnt` à p`rãgfg f` hnvh`rng uahzmnfg cmt`rhma`s fàm zgnm y drhnfínfga`s ompmohtmohÿn pmrm am `fhomohÿn f` ams `struoturms.

F`sorhpohÿn tèonhom fà prgyòtg

@a cÿfuag f` vhvh`nfm f` curgs f` mfgd` règrzmfg ogn l`gcmaam `stí

fhrhlhfg m pgdamfgr`s f` ams zgnms rurma`s f` `xtr`cm pgdr`zm qu` jmdhtmnsgdr` ags ?,0;; c`trgs sgdr` à nhvà fà cmr, vuan`rmda`s m ags e`nÿc`ngsnmturma`s.

Ír`m fà cÿfuag díshog f` mfgd`

Oumfrg f` ír`msF`sorhpohÿn Ír`m (c4)

Ír`m ognstruhfm 66.<5 c4 Ír`m tòjmfm 58.:< c4



:=

Mnt`prgyòtg f` fhs`ýg urdmng y mrquhtòtÿnhog Cmcmymqu`

@a ;6 f` gotudr` fà 4;;5, ags lgdh`rngs f` am T`pùdahom fà [`rù y fà T`hng f` @spmým susorhdh`rgnà [rglrmcm f` Ognv`rshÿn f` Fùfm f` [`rù er`nt` m @spmým, `n mfàmnt` f`ngchnmfg ‑[rglrmcm

f` Ognv`rshÿn f` Fùfm @xt`rnm–. @a prglrmcm `n` pgr gdi`tg ogntrhduhr ma oròhch`ntg ognÿchogy ma f`smrrgaag sgohma `n à [`rù, m trmvès f` un còmnhscg f` ognv`rshÿn f` pmrt` f` am fùfmqu` à [`rù `n` ogntrmãfm er`nt` m @spmým, pmrm f`snmram m nmnohmr prgyòtgs f` f`smrrgaag,prhgrhtmrhmc`nt` `n à sòtgr `fuomohÿn.

_gdr` am dms` f` fhojg prglrmcm a _@NOHOG y a Egnfg [`rù ‟ @spmým, susorhd`n a ognv`nhg cmrogpmrm à F`smrrgaag y @iòuohÿn fà [rgyòtg ‑Ompmohtmohÿn tèonhog‟goupmohgnma y ognstruoohÿn f`hnerm`struoturm egrcmvm `n am ogcunhfmf nmvm f` Cmcmymqu`, fhstrhtg f` @a O`n`pm, prgvhnohmf` Ognfgromnquh, r`lhÿn Mcmzgnms– à ouma s` `nou`ntrm vhmda` ` hnsorhtg `n à Dmnog f` [rgyòtgsfà _hst`cm Nmohgnma f` Hnv`rshÿn [ùdahom, ogn Oÿfhlg _NH[ N¹ =0:<;=.

_h dh`n `s oh`rtg, am `s`nohm fà [rgyòtg f` Hnv`rshÿn [ùdahom ognshst` `n èòtumr am ompmohtmohÿntèonhog‟goupmohgnma, `s hcpgrtmnt` f`stmomr qu`, pmrm ognsgahfmr su èxhtg am hnstruoohÿn f`d`r`mahzmrs` f`ntrg f` unm hnerm`struoturm egrcmvm mfòumfm pmrm hnor`c`ntmr ams ompmohfmf`stèonhoms f` ags pgdamfgr`s n movhfmf`s f` am ognstruoohÿn. @stg d`nòhmrãm m vmrhms ogcunhfmf`snmvms ogcg Cmcmymqu`, Jumcpmch, Mhntmch, \mwmhn, Nu`vm Uhfm, [mlbh, Nu`vm Omnmn,Bmymcms y Vung. Am Gohnm f` F`smrrgaag, Cmnt`nhch`ntg ` Hnerm`struoturm jm hf`nomfg àt`rr`ng fgnf` f`d` ìòutmrs` am hnerm`struoturm egrcmvm, f`smrrgaamnfg à pamn`mch`ntg urdmngy à mnt`prgyòtg mrquhtòtÿnhog f` hnerm`struoturm ogrr`spgnfh`nt`.

Hnegrcmohÿn tèonhomPdhomohÿnOgcunhfmf nmvm f` Cmcmymqu`, fhstrhtg f` @a O`n`pm, prgvhnohm f` Ognfgromnquh, f`pmrtmc`ntgf` Mcmzgnms.

D`nòhmfgs FhròtgsOgcunhfmf`s nmvms f` Cmcmymqu`, Jumcpmch, Mhntmch, \mwmhn, Nu`vm Uhfm, [mlbh, Nu`vmOmnmn, Bmymcms y Vung.

Ír`m4.00 jm.

Umagr Tè`r`nohma pmrm àmdgrmohÿn f` `xp`fh`nt` tèonhog_/. :0,;;;.;; (Goj`ntm y ohnog cha y ;;/=;; nu`vgs sga`s).



:4

C`tm9

Ogn `st` prgyòtg urdmnãsog y mrquhtòtÿnhog s` prgourm emohahtmr amsj`rrmch`ntms `n oumntg m hnerm`struoturm qu` p`rchtmn hnor`c`ntmr amsompmohfmf`s tèonhoms pmrm ams movhfmf`s f` ognstruoohÿn `n à fhstrhtg f`@a O`n`pm.

Omrmot`rãsoms mrquhtòtÿnhoms

• T`sp`tg m ags pmríc`trgs r`lamc`ntmrhgs pmrm lmrmnzmr su fhs`ýg, `nognogrfmnohm ogn am ngrcmvhfmf vhl`nt`.• Pahzmohÿn f` cmt`rhma`s agoma`s.• Fhs`ýg prgphg f` am zgnm.• _`rvhohgs jhlhènhogs pg _hst`cm _mnhtmrhg Dmsÿn (shst`cm f` a`trhnm sòm),ouyg cgfàg jm shfg `stufhmfg pgr à _@NOHOG.• _hst`cms mfòumfgs pmrm à mdmstòhch`ntg f` mlum y `vmoumohÿn f`mlums r`shfuma`s.

• Omrphnt`rãm f` dmrmnfms, f` pu`rtms y v`ntmnms s`rí f` cmf`rm trmtmfm.• _hst`cm pgrtmnt` f` cmf`rm y uahzmohÿn f` ogcpgn`nt`s f` ognor`tg.

PDHOMOHßN VH[G F@

HNETM@_VTPOVPTMNGCDT@

C@VTMI@

M[TGZ. (C4)OMNVHFMF

VMAA@T ?;;.;; 4[hsg ognor`tg/Cmcpgst`rãm

cmf`rm/Ogd`rturm ahl`rm

GEHOHNM MFCHNH_VTMVHUM <4.;; =[hsg cmf`rm, phagt`s/Cmcpgst`rãm


4[hsg cmf`rm, phagt`s/Cmcpgst`rãm


<4

<4

<4

<4

.;

.;

.;

.;

; =

; =

; =

; =[hsg cmf`rm, phagt`s/Cmcpgst`rãm


_@TUHOHG (? A@VTHNM_ VH[G DM_GN,

VMN]P@ F@ MLPM, = L@N@TMFGT)W W W

UHUH@NFM/OGOHNM

C@IGTMFM/A@VTHNM VH[G DM_GN

<4.;; =0[hsg ognor`tg/Cmcpgst`rãm

cmf`rm/Ogd`rturm ahl`rmUHUH@NFM/OGOHNM

C@IGTMFM/A@VTHNM VH[G DM_GN<4.;; =0

[hsg cmf`rm, phagt`s/Cmcpgst`rãm


UHUH@NFM (F@_CGNVMDA@) <4.;; =[hsg cmf`rm, phagt`s/Cmcpgst`rãm


O. N. JPMC[MCH[hsg ognor`tg/Cmcpgst`rhm

amfrhaag/Ogd`rturm ahl`rm

@FPOMVHUM

O. N. CMCMXM]P@

EGTCMVHUM

MPAM OGCÙN <4.;;

@FPOMVHUM MPAM F@ OßC[PVG

MPAM F@ OßC[PVG

MPAM F@ OßC[PVG

MPAM F@ OßC[PVG

OMTMOV@TÃ_VHOM_ VÈONHOM_

Cgf`rnhzmohÿn y cmnt`nhch`ntg f` am s`f` o`ntrma fà _@NOHOG

Ogcg pmrt` fà pamn f` cgf`rnhzmohÿn y cìgrms `n am hnerm`struoturm f` ams`f` o`ntrma ‟ _@NOHOG _mn Dgrim, am Gohnm f` F`smrrgaag, Cmnt`nhch`ntg Hnerm`struoturm jm f`smrrgaamfg y ìòutmfg ags prgyòtgs f` r`cgfàmohÿn

f` am [amzm f` ags Hnl`nh`rgs, [amzm f` ags Vrmdmimfgr`s f` OgnstruoohÿnOhvha, sustuohÿn f` ogd`rturm f` ags tmaa`r`s y r`cgfàmohÿn fà mufhtgrhgmuxhahmr y su Hnlr`sg, `ntr` ags cís r`smatmnt`s.



AMDGTMVGTHG F@@N_MXG F@CMV@THMA@_



:5

AMDGTMVGTHG F@

@N_MXG F@ CMV@THMA@_Hnl. Umnnm Lumn [mrrm

[T@_P[P@_VG X C@VM_ 4;==C@VM_

(Ompmohtmfgs)

_@F@ O@NVTMA

AMDGTMVGTHG F@ @N_MXG F@ CMV@THMA@_

AMDGTMVGTHG F@ _P@AFG_ X M_EMAVG_

AMDGTMVGTHG F@ MLT@LMFG_ X OGNOT@VGF ;;0

F ;;6

F ;;? I@EMVPTM F@A AMDGTMVGTHG F@ @N_MXG F@ CMV@THMA@_

<58,4:?

<58,4:?

4??,8=:4?6, =::?;=, =<<

<58,485

<58,485

?:6, 56:?:6, 56:

<58,485

F@[@NF@NOHM_ @LT@_G_ HNLT@_G_

VGVMA L@N@TMA <58,4:?

[AMN G[@TMVHUG 4;==AMDGTMVGTHG F@ @N_MXG F@ CMV@THMA@_



::

Eu`nt`9 _MH_ _@NOHOG 4;==

_`lùn am mt`nohÿn f` xp`fh`nt`s moucuamfgs mnuma`s, a A@C

sup`rm am c`tm prgyòtmfm `n 45.8;%

m) @a Amdgrmtgrhg f` _uàgs y

Msematg sÿag aglrÿ sup`rmr amc`tm `n `n`rg y gotudr`.

m) @a Amdgrmtgrhg f` Ognor`tg

aglrÿ sup`rmr am c`tm c`nsuma`n tgfgs ags c`s`s fà mýg

4;==, m `xo`pohÿn fà c`s f`

Gotudr` (8:.0%).d) _` mo`roÿ m am c`tm `n à c`s

f` ngvh`cdr`.d) @a c`s ogn cmygr nùc`rg f`

`xp`fh`nt`s mt`nfhfgs eu`

Cmrzg.o) Ma ehnma fà mýg 4;==, sÿag

maomnzÿ à ::.;;% f` am c`tm

prgyòtmfm mnuma `n ràmohÿn m

mt`nohÿn f` xp`fh`nt`s.

o) Ma ehnma fà mýg 4;==, s`

sup`rm am c`tm prgyòtmfm

mnuma, maomnzínfgs` a =?4.60%

T@_PC@N

AMDGTMVGTHG F@ @N_MXG F@ CMV@THMA@__@F@ O@NVTMA - _MN DGTIM

[TGX@OVG

@N@TG 06 50 ?<: 60: 6?4 04?

E@DT@TG 06 6< ?<: 68< 6?4 066

CMTYG 06 ?4 ?<: 064 6?4 0<6

MDTHA 06 4: ?<: 6<0 6?4 0;?

CMXG 06 ?< ?<: 04: 6?4 050

IPNHG 06 64 ?<: 6<= 6?4 0=?

IPAHG 06 4< ?<: 6=; 6?4 6?<

MLG_VG 06 6= ?<: 045 6?4 05<

_@[VH@CDT@ 06 6? ?<: 6?< 6?4 6:;

GOVPDT@ 06 <; ?<: ?<4 6?4 664

NGUH@CDT@ ?; 0? 4=; 66? 46; 685

FHOH@CDT@ ?; 6? 4=; 6;6 46; 66<

VGVMA@_ 5;; 04: 64;; 005? 6:;; 5;8=

C@VM MAOMNYMFM [GT

OMFM AMDGTMVGTHG::.;;% =?4.60%

@Z[@FH@NV@_

MV@NFHFG_

6:;; 5;8=

C@VM MAOMNYMFM [GT

A@C=45.8;%

@Z[@FH@NV@_

[TGX@OVMFG_ U_.

@Z[@FH@NV@_

MV@NFHFG_

C@_ @Z[@FH@NV@_

[TGX@OVMFG_

@Z[@FH@NV@_

MV@NFHFG_

@Z[@FH@NV@_

[TGX@OVMFG_

@Z[@FH@NV@_

MV@NFHFG_

@Z[@FH@NV@_

[TGX@OVMFG_

HHH. F@ AG_ @Z[@FH@NV@_ [TGX@OVMFG_ U@T_P_

@Z[@FH@NV@_ MV@NFHFG_ _@LÙN _MH_ - [@THGFG 4;==

4;==

F-6 F-0 HNLT@_G A@C



8;

U. F@ AM MV@NOHßN M AM @_OP@AM VÈONHOM _@NOHOG

_@C@_VT@

AMDGTMVGTHG F@ _P@AG_ X M_EMAVG_ =;4 664 4 =;4 664

AMDGTMVGTHG F@ MLT@LMFG_ X OGNOT@VG =?5 <=6 0 =;4 0<:

_PD-VGVMA@_ 4?: ==05 < 4;6 =;4;

VGVMA@_ 664 4=<5 =4

@a Amdgrmtgrhg f` @nsmyg f` Cmt`rhma`s, drhnfÿ mpgyg m am @souàm _up`rhgr Vèonhom _`nohog, ogn su hnerm`struoturm y quhpmch`ntg pmrm ags

maucngs f` am Omrr`rm Vèonhom Amdgrmrhstms, ogn à gdi`thvg f` qu` ags maucngs pu`fmn mpr`nf`r jmoh`nfg y msã tmcdhèn am @souàm pu`fm

aglrmr sus gdi`thvgs trmzmfgs.

UH. F@ AG_ MAPCNG_ F@ AM @_OP@AM _P[@THGT VÈONHOM _@NOHOG ]P@ T@OHDH@TGN OM[MOHVMOHßN @N @A AMDGTMVGTHG @N @A 4;==, @N

OMAHFMF F@ [TMOVHOMNV@_ [T@-[TGE@_HGNMA@_ X [TGE@_HGNMA@_

Nùc`rg Ognfhohÿn

= Tmua Mamrt` ]uhsp` [r`prge`shgnma

4 Mulustg @nrhqu` _grglmstùm Omaf`rÿn [r prge shgnma

? Drmfy [`r`hrm Lmrmt` [r`prge`shgnma

NPC@TG F@OAM_@_ VGVMA@_

MA MÝG

NÙC@TG F@

OAM_@_OMTT@TM9 V@ONHOG AMDGTMVGTH_VM

4FG. _@C@_VT@=@T. _@C@_VT@

Ngcdr` fà stufhmnt`

NÙC@TG F@ OPT_G_VGVMA@_ MA MÝG

NÙC@TG F@JGTM_ VGVMA@_

MA MÝG

NÙC@TG F@

JGTM_

NÙC@TG F@

OAM_@_NÙC@TG F@ OPT_G_

NÙC@TG F@

JGTM_

6 Orjhsthmc Ermnbz @sphngzm Omdmnhaams [r prge shgnma0 @ f r Xgs hcmr Omcpg s [mi u ag [ r pr ge`s hg nm a

5 @fwhn Dmuthstm ]uhsp` [r`prge`shgnma< @fwhn O s mr C almr Omr f n ms [ r pr ge`s hg nm a

: I`mn [h``r _mamzmr Vhos` [r`prge`shgnma

8 I`nnh e`r Nmnoy Lmcmrrm Uhaameu`rt` [r prge shgnma

=; Igrfmn Drmymn _mnoj z Luth rr z [r prge shgnma

== Igr l Lu stmvg Uh am Cmlma am n s [ r pr ge` shgnm a

=4 Iumn Ma imnfrg Mojmojmu Myquhpm [r prge shgnma

=? Auhs Chlu a Mluhrr ` E rn mn f z [ r pr ge s hg nm a

=6 Auhs Chlu a Mluhrr ` E rn mn f z [ r pr ge s hg nm a

=0 Chlu a Mnl a Tgfrhlu z _ hs hjum [r prge s hgnma

=5 [ fr g I mn [ h r r Omrj ums Aga h [rge s hgn ma

=< Tgd rt E rnmnfg Vruih aag Tmcgs [r prge s hgnma

=: Tu d n Ma xm nf r U`lm _m no j z [rge s hgn ma

=8 _ lunfg Agr nzg @sphngzm Omdr`rm [r prge`shgnma

4; Xmau @fumrfg ]uhsp` Lmrohm [r`prge`shgnma

4

?

0

NÙC@TG F@

OPT_G_



84

UHHH. F@ AG_ AGLTG_

•_` sup`rmrgn ams c`tms prgpu`stms pgr à Amdgrmtgrhg f` @nsmyg f`

Cmt`rhma`s, aglrínfgs` m trmvès fà trmdmig `n `quhpg, `n ams

shluh`nt`s omnthfmf`s9

•@n omptmohÿn f` hnlr`sgs s` sup`rÿ am c`tm `n =4.::%

•@n mt`nohÿn f` `xp`fh`nt`s s` sup`rÿ am c`tm n 45.8;%

•@n r`ntmdhahfmf s` sup`rÿ m c`tm `n 8?.8;%

•_` oucpahÿ ma =;;% ogn à [amn f` Vrmdmig fà mýg 4;== f` ags

Ogchtès f` Ngrcmahzmohÿn f` Cmt`rhma`s fà HNF@OG[H,

gdt`nhènfgs` un rògngohch`ntg `spòhma m mcdgs ogchtès à

`xoà`nt` f`s`cp`ýg f`cgstrmfg.

•_` oucpahÿ ogn drhnfmr mpgyg m am @souàm _up`rhgr Vèonhom

_@NOHOG, m trmvès f` am ompmohtmohÿn hcpmrthfm m sus maucngs f` am

Omrr`rm Vèonhog Amdgrmtgrhstm, aglrmnfg am ompmohtmohÿn f` 4;

maucngs.



[THNOH[MA@_OGNU@NHG_ MÝG 4;==



C`s f` Mdrha• Ousog. Cunhohpmahfmf`s fhstrhtma`s f` Cmrmnurm, @oj`rmt , Jumygpmtm y Am Ognv`nohÿn. Ompmohtmohÿn.• _goh`fmf f` L`sÿn [ùdahom f` @xtr`cmfurm ‟ L[@Z.• Ousog. Cunhohpmahfmf [rgvhnohma f` am Ognv`nohÿn.

• Ousog. Cunhohpmahfmf Fhstrhtma f` Cmrmnurm, [rgvhnohm f` am Ognv`nohÿn.• Ousog. Cunhohpmahfmf Fhstrhtma f` Jumygpmtm, prgvhnohm f` am Ognv`nohÿn.• Ousog. Cunhohpmahfmf Fhstrhtma f` @ojmrmt , prgvhnohm f` am Ognv`nohÿn.• Cunhohpmahfmf Fhstrhtma f` _mn [`frg f` Omims.• Pnhv`rshfmf Nmohgnma Mlrmrhm Am Cgahnm.

C`s f` Cmyg

• Lr`nn @n`rly Ognsuatgrãm y _`rvhohg _TA.• Cunhohpmahfmf Fhstrhtma f` _grms.• Cunhohpmahfmf [rgvhnohma f` Omý`t`.• Lgdh`rng T`lhgnma f` Hom.• Ousog. Cunhohpmahfmf Fhstrhtma f` _mn [mdag, prgvhnohm f` Omnojhs.• Ousog. Cunhohpmahfmf Fhstrhtma f` Ogpgrmqu`, prgvhnohm f` @sphnmr.• Ousog. Cunhohpmahfmf Fhstrhtma f` ]uàagung, prgvhnohm f` am Ognv`nohÿn.• Ahcm. Omý`t`. Cunhohpmahfmf Fhstrhtma f` Hcp`rhma.

C`s f` Iunhg

• Cunhohpmahfmf [rgvhnohma f` Ojuromcpm.• Cunhohpmahfmf Fhstrhtma f` Ojmvãn f` Juíntmr - Jumrh ‟ Mnomsj.• Cunhohpmahfmf Fhstrhtma f` [mrogy.

C`s f` Iuahg• Lgdh`rng T`lhgnma f` _mn Cmrn.

C`s f` Ngvh`cdr`• Egnfg [`rù @spmým, Ogchtè Dhnmohgnma [`rù @spmým. Ompmohtmohÿn tèonhog goupmohgnma y ognstruoohÿn f`hnerm`struoturm egrcmvm n am ogcunhfmf nmvm f` Cmcmymqu`, fhstrhtg f` @a O`n`pm, prgvhnohm f` Ognfgromnquh,T`lhÿn Mcmzgnms.• Hom. Cunhohpmahfmf [rgvhnohma f` [hsog.• Chnhst`rhg fà Vrmdmig y [rgcgohÿn fà @cpa`g. @stmdaò`r ràmohgn`s f` oggp`rmohÿn hnt`rhnstuohgnmaqu` p`rchtmn mrouamr `seu`rzgs pmrm prgcgv`r y egc`ntmr à `cpa`g y am `cpa`mdhahfmf f` ags ohufmfmngs.

8<



C`s f` Fhoh`cdr`• Chnhst`rhg f` Fè`nsm. Egrcmahzmr unm mahmnzm `strmtèlhom ogn à n f``stmdaò`r ags ahn`mch`ntgs pmrm à f`smrrgaag f` prglrmcms, prgyòtgs, movhfmf`s f`

oggp`rmohÿn y mshst`nohm tèonhom `n à omcpg f` egrcmohÿn f` tèonhogs y omahomohÿngoupmohgnma, hnv`slmohÿn mpahomfm ` hnngvmohÿn tòngaÿlhom, m ags aho`nohmfgs f` amseu`rzms mrcmfms, `n ognogrfmnohm ogn ags f`ròjgs y d`nòhgs `spuamfgs `n am A`yNª 4846:, A`y fà _`rvhohg Chahtmr, ogn à gdi`tg f` egrcmrags y pr`pmrmrags pmrm quògntrhduymn ogn ags n`s f` am fè`nsm nmohgnma.

HH. OGNU@NHG_ @_[@OÃEHOG_

C`s f` @n`rg

•Hom. [hsog. Cunhohpmahfmf Fhstrhtma f` Vùpmo Mcmru Hnom. F`smrrgaamr oursgs f`

ompmohtmohÿn pmrm ags pgdamfgr`s f` am prgvhnohm f` [hsog y trmdmimfgr`s mfchnhstrmvgsf` am cunhohpmahfmf n Hnegrcíom Bhfs, Hnegrcíom Iunhgr, Ogcputmohÿn (;? oursgs).

C`s f` Cmrzg•Ojhoamyg. Pnhv`rshfmf Omtÿahom Ags Ínlà`s f` Ojhcdgt`. Oggp`rmohÿn hnt`rhnstuohgnma.•[hurm. OMT@A@O - Ognsìg f` Mfchnhstrmohÿn f` Tòursgs pmrm am Ompmohtmohÿn `n@aòtrhohfmf. Ogcpr`nf` ojmrams f` grh`ntmohÿn, `vmaumohÿn f` 4;; pgstuamnt`sogcg cãnhcg, f`smrrgaag f` ;6 oursgs cgfuamr`s tèonhogs, =5 oursgs cgfuamr`s f`hnstmamohgn`s àèotrhoms `n `fhomohgn`s (hnoauy`nfg à ír`m tèonhom y ír`m sgohma), ogn=;; stufhmnt`s dòmfgs pmrm su o`romohÿn.

•Hom. [TGIGU@N. Ompmohtmohÿn amdgrma m emvgr f` ags d`nòhmrhgs f` [TGIGU@N.•Mr`quhpm. [TGIGU@N. Ompmohtmohÿn amdgrma qu` p`rchtm m ags d`nòhmrhgs mfquhrhrogngohch`ntgs tèonhogs y jmdhahfmf`s príooms pmrm su hns`rohÿn n a cunfg amdgrma.•Ousog. [TGIGU@N. Ompmohtmohÿn.•[hurm. [TGIGU@N. Ompmohtmohÿn.•Vruihaag. OMT@A@O. ;6 oursgs cgfuamr`s f` Hnstmamohgn`s @aèotrhoms n @fhomohgn`s.

C`s f` Mdrha•Jumnomyg. Lgdh`rng T`lhgnma f` [msog. Ompmohtmohÿn n ír`ms f` am ognstruoohÿn ohvha,`n sus tr`s nhvà`s f` ompmohtmohÿn9 Gp`rmvg, Vèonhog y [rge`shgnma.

C`s f` Cmyg

•Mr`quhpm. Oga`lhg f` Mrquhtòtgs fà [`rù, Ognsìg T`lhgnma f` Mr`quhpm. Ogn àgdi`vg f` motumahzmr y p`re oohgnmr ags ogngohch`ntgs f` ags mrquhtòtgs m trmvès fàf`smrrgaag f` Fhpagcmfgs ogn ognt`nhfgs prglrmcmfgs f`ntrg f` am movhfmf qu`r`mahzm à T`shf`nt` f` Gdrm, à _up`rvhsgr f` Gdrm y à _up`rvhsgr f` _`lurhfmf, _maufy C`fhg Mcdh`nt` f` am Ognstruoohÿn Ohvha.•LHN. OMT@ [@TP. @stmdaò`r ams ognfhohgn`s y ogcprgchsgs f` ams pmrt`s pmrm ognstruhrogn n`s f`cgstrmvgs ams shluh`nt`s mat`rnmvms9

Ognstruoohÿn f`cgstrmvm f` un tmnqu` f` e`rrgo`c`ntg y ognstruoohÿn f`cgstrmvm

f` un _mnhtmrhg DM_ßN.

C`s f` Iunhg

•Ousog. Zstrmtm [`rù _.M. Pnhr `seu`rzgs pmrm ogamdgrmr `n à f`smrrgaag f` iÿv`n`s ymfuatgs, pmrm a egrtmaòhch`ntg f` am omahfmf fuomvm.

8:



•[ung. O`ntrg f` F`smrrgaag Ogcunma Matg Mnfhng - O@F@O Matg Mnfhng. Ompmohtmr m46 pgdamfgr`s f` am ogcunhfmf f` ]uhýgtm f`shlnmfgs pgr O@F@O MAVG MNFHNG n aoursg f` Hnstmamohgn`s @aèotrhoms pmrm @fhomohgn`s Díshoms.

C`s f` _``cdr`•_`f` O`ntrma. Mou`rfg @spòãog pmrm am @iòuohÿn fà [hagtg f` O`romohÿn fÒgcp`t`nohms Amdgrma`s n Ognstruoohÿn Ohvha. Hcpuasmr am o`romohÿn f` ogcp`t`nohmsf` `nogermfgs `n à sòtgr ognstruoohÿn, f`smrrgaamnfg prgo`sgs f` ngrcmahzmohÿn yo`romohÿn.•Vmonm. Cunhohpmahfmf Fhstrhtma f` Ojgimtm ‟ Cgqu`lum. Ompmohtmr m ags trmdmimfgr`sf` am iurhsfhoohÿn f` am Cunhohpmahfmf Fhstrhtma f` Ojgimtm - Cgqu`lum, c`fhmnt` amcgfmahfmf f` Ompmohtmohÿn Cÿvha.

C`s f` Gotudr`•Mr`quhpm. Cunhohpmahfmf [rgvhnohma f` Omcmní. Ogn a gdi`vg f` trmnse`rhr y fheunfhram tòngaglãm ognstruovm f` dagqu`s f` ognor`tg m n f` qu` ogntrhduym m à`vmr amomahfmf f` vhfm f` am pgdamohÿn y r`fuohr ags ogstgs f` fhomohÿn f` am vhvh`nfm pgpuamry gtrms `fhomohgn`s.

C`s f` Ngvh`cdr`•Vmonm. OMT@A@O. Ompmohtmr m =;; stufhmnt`s fà quhntg mýg f` sòunfmrhm f` am ohufmff` Vmonm, n omahfmf f` dòmfgs. Ompmohtmohÿn n ;6 oursgs cgfuamr`s f` Hnstmamohgn`s@aèotrhoms n @fhomohgn`s.

•Vmonm. Mnlag Mc`rhomn ]uàamvòg. Ompmohtmr m 6;; pmrohpmnt`s fà f`pmrtmc`ntgf` Cgqu`lum.•[hurm. Cunhohpmahfmf [rgvhnohma f` [hurm. F`smrrgaamr ags oursgs f` Ompmohtmohÿn@spòãom `n Madmýha`rãm, @nogermfg y Eh`rr`rãm, Hnstmamohgn`s @aèotrhoms ` Hnstmamohgn`s_mnhtmrhms.

•Hom. C@C ‟ OMT@A@O. Ojmrams f` grh`ntmohÿn, `vmaumohÿn f` ?0; pgstuamnt`s ogcgcãnhcg, f`smrrgaag f` ;: oursgs cgfuamr`s f` ompmohtmohÿn `n hnstmamohgn`s àèotrhomspmrm =<5 rò`ptgr`s f` dòms.•Ousog. OMT@A@O. T`mahzmohÿn f` ognvgomtgrhm pmrm am `vmaumohÿn f` 4;; pgstuamnt`s ysàòohÿn f` =;; dòmfgs.

C`s f` Fhoh`cdr`•Hom. _\H__OGNVMOV ‟ HOM. F`smrrgaamr à oursg f` ompmohtmohÿn `n Madmýha`rãm Díshompmrm @fhomohgn`s m iÿv`n`s d`nòhmfgs f` [TGIGU@N n am prgvhnohm f` [hsog.•Ojhoamyg. Cunhohpmahfmf [rgvhnohma f` Cgygdmcdm. Ompmohtmr m =;; trmdmimfgr`s f` amCunhohpmahfmf f` Cgygdmcdm.• Ousog. [rglrmcm Nmohgnma f` @cpa`g Iuv`nha ‑Iÿv`n`s m am Gdrm–. Ompmohtmohÿnm iÿv`n`s d`nòhmrhgs.•Ahcm. [rglrmcm Nmohgnma f` @cpa`g Iuv`nha ‑Iÿv`n`s m am Gdrm–. Ompmohtmohÿn m

iÿv`n`s d`nòhmrhgs.

•Jumnomyg. [rglrmcm Nmohgnma f` @cpa`g Iuv`nha ‑Iÿv`n`s m am Gdrm–. Ompmohtmohÿn m iÿv`n`s d`nòhmrhgs.•Omimcmrom. [rglrmcm Nmohgnma f` @cpa`g Iuv`nha ‑Iÿv`n`s m am Gdrm–. Ompmohtmohÿn m

iÿv`n`s d`nòhmrhgs.

88



Egrcmnfg aãf`r`s pmrm trmdmimr `n `as`otgr ognstruoohÿn. AHCM.



• Nhvà Vèonhog - [rglrmcm f` [`reòohgnmch`ntg y @spòhmahzmohÿn Cm`strg f` Gdrm f` @fhomohgn`s Mfchnhstrmohÿn f` Gdrm

• Nhvà [rge`shgnma - [rglrmcm f` [`reòohgnmch`ntg y @spòhmahzmohÿn

Fhpagcmfg - T`shf`nt f` Gdrms f` @fhomohgn`s MutgOMF Hnhohma 4F MutgOMF Mvmnzmfg ?F T`vht Mrojhtòtur` ?F _tufhg Cmx F`shln MutgOMF Ohvha ?F

C_-[rgiòt ‑Ogntrga y L`r`nohm f` [rgyòtgs–

• Nhvà Vgfgs - [rglrmcm f` @xt`nshÿn\hnfgws Go` Díshog

Drhogami` - [hntmnfg Am Omsm

Movhfmf`s f`stmomfms

ZUHHH OGNOPT_G @A MADMÝHA F@A MÝG 4;==Eu` r`mahzmfg n a cmrog f` ams oà`drmohgn`s pgr a mnhv`rsmrhg hnstuohgnma. [mrm stg, eu`rgn ognvgomfms fhe`r`nt s`cpr`sms ognstruotgrms. @a v`ntg a`s p`rcht`, n prhc`r aulmr, c`fhr am ogcp`vhfmf f` ags trmdmimfgr`s pmrohpmnt`sm pmrr f` vmrhmda`s f` r`nfhch`ntg, `cpg y momdmfg. @n s`lunfg aulmr, `n`n am gpgrtunhfmf f` mpgymr m malunmhnstuohÿn f` dh`n sgohma ogn a nojmpmfg f` ogrr`fgr`s hnt`rhgr`s, r`v`sch`ntg ogn phsgs f` o`ríchogs, to.

@n `stm gomshÿn s` èòtuÿ à `nojmp` ogn o`ríchogs `n à O`ntrg T`shf`nohma L`rhítrhog _mn Uho`nt` f` [mua, udhomfg`n à O`romfg f` Ahcm. @stm moohÿn s` r`mahzÿ `n ags ogrr`fgr`s hnt`rhgr`s f` am _goh`fmf f` D`nò`nohm f` AhcmC`trgpgahtmnm ‑Hlnmohm Tgfgaeg Ufm. f` Omn`vmrg–.

@cpr`sms pmrohpmnt`sOgnegrcmrgn omfm quhpg ;= gp`rmrhg + ;= myufmnt`

@cpr`sm ognstruotgrm IIO Ogntrmstms L`n`rma`s ‟ ;4 quhpgsOG_M[H ‟ ;4 quhpgsE`f`rmohÿn Vrmdmimfgr`s O. O. ‟ ;4 `quhpgs

Lmnmfgr`s

[rhc`r pu`stg ‟ DMFHA@IG F@ GTG 9 OG[M_H_`lunfg pu`stg ‟ DMFHA@IG F@ [AMVM 9 IIO OgntrmstmsV ro`r pu`stg ‟ DMFHA@IG F@ DTGNO@ 9 E`f`rmohÿn Vrmdmimfgr`s OO

=;0



Ognv`nhg UMCG_ [@TÙ

[rhc`r ognv`nhg @a 40 f` ngvh`cdr` fà 4;== eu` susorhtg à ognv`nhg

`spòãog pmrm am ompmohtmohÿn amdgrma f` d`nòhmrhgs fà[rglrmcm Nmohgnma pmrm am [rgcgohÿn f` Gpgrtunhfmf`sAmdgrma`s UMCG_ [@TÙ.@a cgntg ogrr`spgnfh`nt` m am pr`pmrmohÿn f` pmrohpmnt`smsoh`nf` m _/. ?=6,0;;.;;. Ags iÿv`n`s f`smrrgaamrín oursgs nams spòhmahfmf`s f` Hnstmamohgn s @aèotrhoms n @fhomohgn`sdíshog2 Ognstruoohÿn ogn _hst`cm Ognstruovg Frywmaa yFhs`ýg y Ognstruoohÿn n Càmchn`, ags ouma`s s`rín mt`nfhfgspgr omfm o`ntrg f` egrcmohÿn f` am L`r`nohm Ygnma _@NOHOGAhcm-Omaamg.

@stmfg

Ma ?= f` Fhoh`cdr` fà 4;== s` `nou`ntrmn `nf`smrrgaag =< oursgs f` ompmohtmohÿn y jmy fgs prglrmcmfgspgr hnhohmr `n `n`rg fà 4;=4.

_` scm ompmohtmr m un prgc`fhg f` ?:; pmrohpmnt`s,

m quh`n`s s` a`s `ntr`lmrí am o`romohÿn ogrr`spgnfh`nt` yun bht f` j`rrmch`ntms pmrm emohahtmr su hns`rohÿn amdgrma.

Ognv`nhg IßU@N@_ M AM GDTM

Ogn eòjm 44 f` fhoh`cdr` fà 4;==, s` susorhdhÿ àognv`nhg `spòãog `ntr` à _@NOHOG y à [rglrmcm Nmohgnmaf` @cpa`g Iuv`nha IßU@N@_ M AM GDTM, à qu` `n` pgrnmahfmf am ompmohtmohÿn amdgrma `n cÿfuags egrcmvgs fògnstruoohÿn pmrm iÿv`n`s qu` ng stufhmn nh trmdmimn.

@a ogntrmtg ognt`cpam ompmohtmr, pmrm am L`r`nohm Ygnma _@NOHOGAhcm-Omaamg, m iÿv`n`s `n ohnog `spòhmahfmf`s9 Hnstmamohgn`s_mnhtmrhms `n Uhvh`nfms, Ognstruoohÿn ogn Vmdhqu`rãm `n _ògFry \maa, Fhs`ýg y Ognstruoohÿn f` Cu`da`s `n Càmchnm,Hnstmamohgn`s f` T`f`s Fgchohahmrhms f` Lms, @nojmp`s ognO`ríchogs, Cmyÿahoms, [groàmnmtgs y [`pàcms.

_` ompmohtmrí jmstm pgr un cgntg f` _/. ?44,;;;.;;.

@stmfg

Ma ?= f` fhoh`cdr` fà 4;== s` jm oggrfhnmfg à hnhohg f` amompmohtmohÿn pmrm à c`s f` e`dr`rg fà 4;=4 ogn =? oursgs,pmrm ag qu` s` `sp`rm aa`lmr m am c`tm f` 45; pmrohpmnt`s.

=;<



C`tms `fuomvms

Am prglrmcmohÿn `fuomvm 4;== f` am L`r`nohm Ygnma _@NOHOG Ahcm-Omaamg `stí ognegrcmfm pgr <6? oursgs y =6,===ompmohtmfgs, ags qu` ogrr`spgnf`n m oursgs sudshfhmfgs y oursgs mutgnmnohmfgs f`smrrgaamfgs `n ags o`ntrgs fègrcmohÿn _mn Dgrim, Ags Gahvgs, Ojgrrhaags y à Omaamg.

F` am c`tm prglrmcmfm, am l`r`nohm jm aglrmfg ompmohtmr m ==,60< pmrohpmnt`s fhstrhduhfgs `n omfm ung f` ags 5<<oursgs f`smrrgaamfgs `n à p`rhgfg 4;==, f`ntrg f` omfm ung f` ags `squ`cms `fuomvgs qu` s` gerò`n.

Oumfrg fà [gro`ntmi` f` Mvmno` f` @iòuohÿn f` C@VM_ 4;==Oursgs y Ompmohtmfgs.

C`tms nmnoh`rms

@a mýg 4;== am L`r`nohm Ygnma _@NOHOG Ahcm-Omaamg r`lhstrÿ _/. 6‘?4<,0?6.;5 n Hnlr`sgs y _/. 4‘:05,<08.60 n @lr`sgs,ag ouma `vhf`nohm à mutg sgst`nhch`ntg f` `stm mfchnhstrmohÿn.

O@NVTG F@

EGTCMOHßNNHU@A GOP[MOHGNMA

[TGX@OVG @FPOMV. @I@OPV. MA ?= F@ FHOH@CDT@ F@A

4;==

OM[MOHVMFG_ @I@OPVMFG_ MA ?= F@ FHOH@CDT@ 4;==

C@VM MNPMA @I@OPVMFG MA ?=/=4/== % F@ MUMNO@ C@VM MNPMA @I@OPVMFG MA ?=/=4/== % F@ MUMNO@

L.Y. AHCMOMAAMG

VGVMA L.Y. AHCM OMAAMG <6? 5<< 8=.=4% =6=== ==60< :=.=8%

V 656 6<5 =;4.08% ::?0 :684 85.=4%

Vgtma Nhvà Vèonhog := 8; ===.==% =0=5 =?:; 8=.;?%

Vgtma Nhvà [rge`shgnma =48 0< 66.=8% 46=6 :?= ?6.64%

Vgtma tgfgs ags nhvà`s 58 06 <:.45% =?65 <06 05.;4%

HNLT@_G_ X @LT@_G_ MA C@_ F@ FHOH@CDT@ 4;==

O@NVTG_ F@

EGTCMOHßN

_PD_HFHMFG MPVGEHNMNOHMFG F@_MTTGAAG VGVMA

HNLT@_G_ @LT@_G_ HNLT@_G_ @LT@_G_ HNLT@_G_ @LT@_G_ HNLT@_G_ @LT@_G_

_mn Dgrim <4=,=5=.<: 0;=,8?4.;4 5?8,<?5.00 6=4,06<.=4 ?4?,::0.;; =00,:8;.00 =,5:6,<:?.?? =,;<;,?58.58

Ags Gahvgs ?=;,<8<.0; ?04,=6=.=8 6;=,=:=.=: 64=,<5<.;0 =;;,?64.0; :;,<8:.;8 :=4,?4=.=: :06,<;5.??

Ojgrrhaags ==?,;;0.;; =?;,4;4.;8 6,66;.;; =:,5?;.86 ==<,660.;; =6:,:??.;?

Omaamg <,450.;; 0?,0;:.:0 ?5,;0;.;; ?:,?8<.85 6?,?=0.;; 8=,8;5.:=

[uomaapm - 0?,;84.04 - 4,???.:5 - 00,645.?:

Ognv`nhg T@UMAGTM - -

Madmýha fà mýg =,?5=.=; - =,?5=.=;

OMT@A@O H ::;,:=6.:; 6;5,:45.8= ::;,:=6.:; 6;5,:45.8=OMT@A@O HH 0?4,?4=.<0 8<,8;0.?: 0?4,?4=.<0 8<,8;0.?:

UMCG_ [@TP =::,<;;.;; 8=,=8=.0? =::,<;;.;; 8=,=8=.0?

[TGIGU@N 5<,:??.;; ?:,4?4.48 5<,:??.;; ?:,4?4.48

VGVMA =,=04,448.4: =,;8;,:<5.5< 4,<0=,;<<.4: =,048,=86.=6 646,44<.0; 4?5,5::.56 6‘?4<,0?6.;; 4‘:05,<08.60

=;8



_up`rmnfg ams fhouatmf`s `nogntrmfms m ag amrlg fà mýg ogcg ams rè`r`nt`s m9lgdh`rngs agoma`s `ntrmnt`s, mýg f` àòohgn`s, cgvhahzmohgn`s urdmnms, `ntr`gtrms2 am L`r`nohm Ygnma _@NOHOG Mr`quhpm mt`nfhÿ prhnohpmac`nt` r`qu`rhch`ntgsf` oursgs mutgnmnohmfgs, ogcg ags sgahohtmfgs pgr am Chn`rm O`rrg U`rf`, amEunfmohÿn Vhntmym y à Chnhst`rhg f` @n`rlãm y Chnms - OMT@A@O.

Mf`cís, s` r`mahzmrgn movhfmf`s ng egrcmvms r`spgnfh`nfg m am hnquh`tuff` nu`strgs oah`nt`s, quh`n`s f`s`mdmn ogngo`r ags nu`vgs f` prgfuotgs qu`gerò`n cpr`sms fà sòtgr ognstruoohÿn. Msã, eu`rgn iòutmfms 44 movhfmf`somptmnfg am mshst`nohm f` 4,8?6 pmrohpmnt s m ag amrlg f` tgfg à mýg.

[rhnohpma`s ognv`nhgs susorhtgs ma ?= f` fhoh`cdr` f a 4;==Furmnt` à mýg 4;== eu`rgn mt`nfhfgs ags shluh`nt`s ognv`nhgs9

@NVHFMFOGNVTM[MTV@

GDI@VHUG_GD_@TUMOHßN

OGNU@NHGChnhst`rhg f`@n`rlãm y Chnms -OMT@A@O

Ompmohtmohÿn_` ognoauy`rgn ;6 oursgs cgfuamr`sogcpa`tgs f` Hnstmamohgn`s @aèotrhoms, ogn unmc`tm f` =;; pmrthohpmnt`s mprgdmfgs.

Oga`lhg f` Mrquhtòtgs fà[`rù ‟ IuntmT`lhgnma Mr`quhpm

Ompmohtmohÿn _` ognoauy`rgn ;? oursgs prglrmcmfgs.Jmn omnoàmfg à tgtma fà cgntg fà ogntrmtg.

Eunfmohÿn Vhntmym Ompmohtmohÿn

_` `stí f`smrrgaamnfg à oursg f` Madmýha`rãm[gahvma`nt` `n am ogcunhfmf f` Jumng Jumng,fhstrhtg f` [mapmtm, prgvhnohm f` @sphnmr,Ousog.Jmn omnoàmfg am chtmf fà ogstg tgtma fàoursg.

[rglrmcm [TGIgv`n

Ompmohtmohÿn

_` ognoauy`rgn ;4 oursgs9@n à O`ntrg f` T`jmdhahtmohÿn Iuv`nha MaegnsgPlmrt` s` ìòutÿ à oursg f` Vrmdmigs Díshogsf` Madmýha`rãm y @nogermfg Eh`rr`rãm. @n ams`f` f` Xmnmjumrm ogn pmrthohpmnt`s fàfhstrhtg f` Ojmojms, Ognf`suygs.

CunhohpmahfmfFhstrhtma f` Omaamaah

Ompmohtmohÿn_` `stí f`smrrgaamnfg à oursg f` Madmýha`rãm[gahvma`nt` ogn unm c`tm f` 44 pmrthohpmnt`shnsorhtgs.

Cunhohpmahfmf[rgvhnohma fÒmcmní

Ompmohtmohÿn_` `stí oggrfhnmnfg am ompmohtmohÿn f` oursgsfhrhlhfgs m am pgdamohÿn f` am agomahfmf fÒmcmní.

_goh`fmf Chn`rmO`rrg U`rf`

Ompmohtmohÿn

_` jm hnhohmfg ompmohtmohÿn ogn pgdamfgr`s fàm agomahfmf f` Pojucmyg, ogn à oursgcgfuamr ogcpa`tg f` Madmýha`rãm.

[gst`rhgrc`nt`, vmn m `spòhmahzmrs` `nogagomohÿn f` [groàmnmtg.

[rglrmcmT@UMAGTM

Ompmohtmohÿn_` ognoauy`rgn =: oursgs prglrmcmfgs._` sp`rm mprgdmohÿn f` pr`supu`stg pmrmehnhquhtmr ogn ag prglrmcmfg.

===



Ge`rtm `fuomvm

Nhvà Gp`rmvg

Lrmohms m fhv`rsgs ognv`nhgs rcmfgs, furmnt` à mýg 4;==, s` fhotmrgn fhe`r`nt`s oursgs pgr

moohgn`s cÿvha`s, pmrohpmnfg am Eunfmohÿn Vhntmym `n à fhstrhtg f` Ognfgrgcm, @sphnmr, `n Ousogy am Cunhohpmahfmf Fhstrhtma f` Omaamaah, `n Omyaagcm, Mr`quhpm.

Mshchscg, s` grlmnhzmrgn oursgs ogn ags shnfhomtgs f` Vrmdmimfgr s f` Ognstruoohÿn Ohvha f` Cmi`s,Omyaagcm y f` Omcmní. Mf`cís, am Cunhohpmahfmf f` Cmom `n Omyaagcm f`smrrgaaÿ ;4 oursgs f`ròudrhch`ntg ogn amim pmrm ams v`r`fms y phstms f` su agomahfmf.@n am s`f` f` Mr`quhpm, s` hnhohÿ à oursg f` Madmýha`rãm, `n mou`rfg ogn am _goh`fmf Chn`rm O`rrgU rf`, qu` ognoauhrí furmnt` a c`s f` mdrha fà 4;=4.

Nhvà Gp`rmvg

@n `st` nhvà am L`r`nohm Ygnma _@NOHOG Mr`quhpm jm èòtumfg un oursg ogcpa`tg f` Cm`strg f`Gdrm qu` motumac`nt` lgzm f` lrmn mo`ptmohÿn pgr pmrt` f` ags trmdmimfgr`s f` ognstruoohÿn. Jmnognoauhfg 40 pmrohpmnt`s mprgdmfgs y o`romfgs.

_` f`smrrgaaÿ f`ntrg f` am prglrmcmohÿn r`luamr à oursg f` Vgpglrmm Vèonhom Ogcputmrhzmfm, ogcgoursg f` spòhmahzmohÿn m pmrohpmnt`s qu` r`qu`rãmn ogngohch`ntgs f` @stmohÿn Vgtma y L[_.

Ags oursgs f` oÿcputg tuvh`rgn lrmn moglhfm. Judg cmygr omnfmf f` hnt`r`smfgs pgr ag qu` s`

aglrÿ iòutmr a ==?% ogn r`spòtg m am c`tm prglrmcmfm.

Nhvà [rge`shgnma

@n `st` mspòtg, ags oursgs pgr ags qu` pr`s`ntmn cmygr hnt`rès sgn oÿcputg Ohvha ?F, Fhs`ýg yOíaouag @struoturma, msã ogcg, à f` Ogstgs y [r`supu`stgs (_-=;), aa`línfgs` m ìòutmr à 4=8% ognr`spòtg m am c`tm mnuma prglrmcmfm.

Mf`cís, eu` f`smrrgaamfg à oursg f` T`shf`nt`s f` Gdrm ogn unm c`tm f` 40 prge`shgnma`smprgdmfgs.

==4



[gr gtrg amfg, am L`r`nohm Ygnma _@NOHOG Mr`quhpm ou`ntm ogn à Amdgrmtgrhg f` @nsmyg f` Cmt`rhma`s.Am `xoà`nt` r`putmohÿn f` am qu` lgzm ag jm ognsgahfmfg f`ntrg fà sòtgr ognstruoohÿn y ròhd`à ognstmnt` rògngohch`ntg f` ams `cpr`sms ognstruotgrms, `nfmf`s pùdahoms y prhvmfms quògnstmnt c`nt` uahzmn sus hnstmamohgn`s. Am lmrmnm f` ags r`suatmfgs qu` prgpgrohgnm a amdgrmtgrhg

s` f`d` m ags prge`shgnma`s qu` rèr`nfmn ags hnegrc`s.

@a amdgrmtgrhg tuvg furmnt` a mýg 4;==, unm r`ntmdhahfmf f` =.84 r`spòtg m ags hnlr`sgs vs lr`sgs2 msãogcg, un hnlr`sg fà ==8 % ogn r`spòtg m ag prglrmcmfg. F`ntrg f` ags `nsmygs cís sgahohtmfgs s``nou`ntrmn ags f` suàgs (`nsmygs shogs pmrm f`t`rchnmr ompmohfmf pgrtmnt` f` suàgs, oamshomohÿn,ogcpmotmohÿn)2 ognor tg (`nsmygs shogs f` mlr`lmfgs pmrm f`t`rchnmr fhs`ýgs f` c`zoams, ogntrga fòmahfmf fà ognor`tg, r`shst`nohm m am ogcpr`shÿn, qu` r`pr`s`ntmn a 5;% f` ags `nsmygs qu` s` r`mahzmn`n à amdgrmtgrhg)2 madmýha`rãm (Ogntrga f` omahfmf `n unhfmf`s f` madmýha`rãm y dagqu`s f` ognor`tg).

Ams `cpr`sms agoma`s cís hcpgrtmnt`s qu` eu`rgn oah`nt`s fà amdgrmtgrhg sgn C\J [`rù _.M., I@

Ognstruoohgn`s L`n`rma`s _.M., _goh`fmf Chn`rm O`rrg U`rf`, Lgdh`rng T`lhgnma f` Mr`quhpm yCMT]PH_M _MO.

@n ognoaushÿn, à mýg 4;== jm shfg pmrm am L`r`nohm Ygnma _@NOHOG Mr`quhpm un mýg pmrouamrc`nt`prgfuovg. @a mul` n ams `fhomohgn`s ogc`rohma`s prhvmfms, ogcg am ognstruoohÿn f` tr`s c`lm`nfmsy agoma`s f` `spmrohch`ntg l`n`rÿ mrfum ogcp`t`nohm `ntr` trmdmimfgr s f` am ognstruoohÿn,emvgr oh`nfg am ompmohtmohÿn f` ags chscgs.

@a oucpahch`ntg lagdma f` c`tms n stm l`r`nohm jm aa`lmfg ma ===.0; % ogn r`spòtg m ag prglrmcmfg,ag qu` hnoauy` tgfgs ags prglrmcms y prgyòtgs f` am zgnma. @stg s` v` r`ìmfg `n ags nuc`rgsgsognv`nhgs rcmfgs, iòutmfgs y pgr ognoauhr qu` `xhst`n.

==?



@a rudrg f` am ognstruoohÿn `n Ojhoamyg `s ung f` ags sòtgr`s qu` cmygroròhch`ntg pr`s`ntÿ `n à mýg 4;==.

Lrmohms m stm movhfmf, am L`r`nohm Ygnma fà _`rvhohg Nmohgnma f` Ompmohtmohÿnpmrm am Hnfustrhm f` am Ognstruoohÿn ‟ _@NOHOG Ojhoamyg ognsgahfÿ unm s`rh` f`

ognv`nhgs y Mahmnzms `strmtèlhoms ogn hnstuohgn`s pùdahoms y prhvmfms, ag qu`p`rchÿ ognor`tmr ams c`tms prglrmcmfms y oucpahr ogn ags gdi`vgs y eunohgn`s`nomrlmfgs.

Ogn r`spòtg m ams movhfmf`s `fuomvms r`mahzmfms y à nùc`rg f` `stufhmnt`sompmohtmfgs, am L`r`nohm Ygnma _@NOHOG Ojhoamyg, ma ?= f` fhoh`cdr` fà mýg4;== tuvg ogcg c`tm `fuomvm prglrmcmfm am r`mahzmohÿn f` =<8 movhfmf`s`fuomvms y am ompmohtmohÿn f` ?,05< pmrohpmnt`s `n tgfgs ags nhvà`s yprglrmcms `fuomvgs.

_hn `cdmrlg, eu`rgn ompmohtmfgs 4,8?8 pmrohpmnt`s, f` ags ouma`s 844 sgn

egrcmvgs y 4,;=< ng egrcmvgs.

Mshchscg, s` ìòutmrgn =60 movhfmf`s `fuomvms f` ams ouma`s ?0 sgnegrcmvms y ==; eu`rgn ng egrcmvms.

[rhnohpma`s ognv`nhgs susorhtgs ma ?= f` fhoh`cdr` f a 4;==

Furmnt` à ì`rohohg fà mýg 4;== s` susorhdh`rgn ognv`nhgs f` mpgyghnt`rhnstuohgnma n d`nòhg f` am pgdamohÿn f` am agomahfmf.

*@stgs ognv`nhgs s` susorhdh`rgn `ntr` ngvh`cdr` y fhoh`cdr` fà 4;== y vh`n`nsh`nfg ìòutmfgs.

L@T@NOHM YGNMA

OJHOAMXGL`r`nt`9 Hnl. Gsomr Mad`rtg Vhrmfg Líav`z

OGNVTM[MTV@ GDI@VHUG GD_@TUMOHßN

Chnhst`rhg f` @n`rlãm y Chnms-OMT@A@O* Ompmohtmohÿn @n @iòuohÿn

[TGIGU@N Ompmohtmohÿn @iòutmfg

[rglrmcm Umcgs [`rù * Ompmohtmohÿn @n @iòuohÿn

[rglrmcm Iÿv`n`s m am gdrm * Ompmohtmohÿn @n @iòuohÿn

==6



Ge`rtm @fuomvm

Nhvà Gp`rmvg @n `st` nhvà ags oursgs f` cmygr f`cmnfm eu`rgn ags f` Gp`rmfgr f`Cmquhnmrhm [`smfm, pgr ag qu` s` fhotmrgn 40 oursgs furmnt` à mýg4;==. @s pròhsg f`stmomr qu`, m `st` pg f` oursgs mshst`n maucngsprgv`nh`nt`s f` fhv`rsms r`lhgn`s.

Nhvà Vèonhog

@n am L`r`nohm Ygnma _@NOHOG Ojhoamyg furmnt` ags ùacgs mýgs s` jmhnor`c`ntmfg à nùc`rg f` maucngs f` am @souàm _up`rhgr Vèonhom,cmnt`nhènfgs` am t`nf`nohm m am mazm `n am omptmohÿn f` pùdahoghnt`r`smfg.

@a matg nhvà `fuomvg f` ags `lr`smfgs f` am @souàm _@NOHOG shlnhom unmpgrt` hcpgrtmnt` qu` sucm `n am oherm f` hns`rohÿn amdgrma. @stg shtùm m

am hnstuohÿn ogcg aãf`r `n à c`romfg `fuomvg f` am r`lhÿn.

T`spòtg m ags oursgs ogrtgs, trms am mpmrhohÿn f` nu`vms hnstuohgn`sunhv`rshtmrhms qu` drhnfmn oursgs ogcg _=;, Mutgomf, Cs [rgiòt,Mutgomf Amnf, `ntr` gtrgs2 am @souàm _@NOHOG s` cmn`n` f`ntrg f` amprè`r`nohm f` ags `stufhmnt`s qu` dusomn f`smrrgaamr sus ompmohfmf`s `n`stms ír`ms.

[rglrmcm f` ompmohtmohÿn Hn Jgus` - _@NOHOG @N VP VTMDMIG Ogcg pmrt` f` unm prgpu`stm hnngvmfgrm, am L`r`nohm Ygnma _@NOHOGOjhoamyg, hnhohÿ `n à mýg 4;== à prglrmcm f` ompmohtmohÿn _@NOHOG @NVP VTMDMIG.M trmvès f` `stm hnhohmvm, s` tuvg moo`sg pmrm trmdmimr ogn fhv`rsmshnstuohgn`s pùdahoms y prhvmfms, ogcg @a Hnstutg Nmohgnma [`nht`nohmrhg-HN[@, à Hnstutg [`rumng f` F`pgrt`-H[F, à Chnhst`rhg f` Iusohm, à@stufhg Ogntmda` T`hngsg, `ntr` gtrgs.

==0



@a gdi`vg fà prglrmcm eu` aa`lmr m cís pùdahog y mf`cís2 fheunfhr nu`strgs s`rvhohgs ogn ompmohtmohgn`sf` 9

• _`rvhohg y Mt`nohÿn ma Oah`nt`.

• Vrmdmig `n @quhpg.• U`ntms.• Ahf`rmzlg n am @cpr`sm.

[gr gtrg amfg, n ag rè`r nt` ma Amdgrmtgrhg f` @nsmyg f` Cmt`rhma`s, trms ng ogntmr ogn a `quhpmch`ntgnò`smrhg qu` s` r`quh`r`, `stm unhfmf vh`n` trmdmimnfg `n dms` m am ognmnzm aglrmfm `ntr` nu`strgsusumrhgs.

Motumac`nt`, tr`s unhv`rshfmf`s f` am zgnm jmn hcpa`c`ntmnfg sus prgphgs amdgrmtgrhgs ogn cgf`rngs`quhpgs, ag qu` cgvm ma p`rsgnma f` am L`r`nohm Ygnma _@NOHOG Ojhoamyg m ogcprgc`t`rs` `n àoucpahch`ntg f` sus gdi`vgs pmrm ogcp`r `n à c`fhg `n dms` m s`rh`fmf y òh`nohm.

Ehnmac`nt` jmy qu` r`ht`rmr qu`, am s`f` f` Ojhoamyg gdtuvg r`suatmfgs pgshvgs `n ag rè`r`nt` m amsompmohtmohgn`s qu` drhnfm, geròh`nfg hnstruoohÿn fhfíoom hnngvmfgrm ognv`nohfgs qu` am o`romohÿnqu` gtgrlm, a`s fm à paus f` pr`slhg qu` ams `cpr`sms ` hnstuohgn`s `xhl`n.

[mrm [rglrmcms ogcg T@UMAGTM [@TP y [TGIGU@N, sgcgs unm f` ams s`f`s ogn cìgr trmdmig, ym qu`mogcpmýmcgs am ompmohtmohÿn ogn am Hns`rohÿn Amdgrma y à mpgyg sgohma.

==5



[rhnohpma`s ognv`nhgs susorhtgs ma ?= f` fhoh`cdr` fà 4;==

Furmnt` à mýg 4;== am s`f` f` Ousog ognnuÿ ogn à ognv`nhg rcmfg ognam chn`rm Zstrmtm [`rù _.M. `n ams Dmcdms, T`lhÿn Mpurãcmo, msã ogcg, `n amsr`lhgn`s Ousog y Cmfr` f` Fhgs ogn ags ognv`nhgs ogn [rg Uãms Nmohgnma yIÿv`n`s m am Gdrm, r`spòvmc`nt`.

OGNVTM[MTV@ GDI@VHUG GD_@TUMOHßNZ_VTMVM AM_ DMCDM_ Ompmohtmohÿn @iòutmfgZ_VTMVM AM_ DMCDM_@ZV@N_HßN

Ompmohtmohÿn @iòutmfg

IßU@N@_ M AM GDTM Ompmohtmohÿn @iòutmfg [TG UÃM_ NMOHGNMA ;= Ompmohtmohÿn prgfuoohÿn n gdrm @n ìòuohÿn[TG UÃM_ NMOHGNMA ;4 Ompmohtmohÿn prgfuoohÿn n gdrm @n ìòuohÿn

==:

YGNMA[TGX@OVG_ X _@TUHOHG_ [TGX@OVG C@VM

@LT@_G_

HNLT@_G_

NHU@A F@

=.6?

O.F. + O.H.M PVGEHNMNO.

O P _ O G

@souàm _up`rhgr Vèonhom F -44 ;;< 508,<:8.00 <=5,:<8.6: =.;8

O`ntrg f` Oÿcputg F-4? ;=4 44=,05;.60 =85,?60.;6

;.:8Amdgrmtgrhg f` @nsmyg f`cmt`rhma`s F-46 ;=4 =40,8;0.84 ==<,=?;.:;

;.8?

Z_VTMVM Ams Dmcdms F-?=? ;=4 =4:,866.6: <84,0:?.==

5.=0Z_VTMVM Ams Dmcdms -@xt`nshÿn F -?<= ;=4 ;.;; :?,=;4.=:

[TG IGU@N F-?:0 ;=4 :;,=4:.4; ?5?,:50.6;

6.06T@UMAGTM [@TP ;=4 ;.;; ;.;;

@fuomthvg _udshfhmfg @-;;0;=4 66;,;=5.0?8 8,4?<.68

;.4?

@fuomthvg Mutgehnmnohmfg @-;;5 ;=4 ;.;; ?0=.;;

VGVMA _/. =,505,?60.=? 4,?58,686.0; =.6?



[gr gtrg amfg, à Amdgrmtgrhg f` @nsmyg f` Cmt`rhma`s f` am L`r`nohm Ygnma _@NOHOG Ousog `x`nf` sus s`rvhohgsm ams r`lhgn`s f` Mpurãcmo, [u`rtg Cmafgnmfg y [ung mt`nfh`nfg msã ags r`qu`rhch`ntgs f` `cpr`sms prhvmfms yfhe`r`nt`s cunhohpmahfmf`s f` nu`strg ícdhtg. F` am chscm egrcm, s` aglrÿ pr`stmr un `xoà`nt` s`rvhohg m `cpr`smshnt`rnmohgnma`s, prgv`nh`nt`s fà vòhng pmãs f` Dgahvhm.

Ehnmac`nt`, omd` pròhsmr qu`, am L`r`nohm Ygnma _@NOHOG Ousog pr`t`nf` hr ma nhvà f` am f`cmnfm oròh`nt` f` cmngf` gdrm omahomfm qu` r`quh`r`n ams cpr`sms ognstruotgrms pmrm ams gdrms hncgdhahmrhms y gdrms fà @stmfg, iòutmfmspgr ams cunhohpmahfmf`s. [mrm mt`nf`r am f`cmnfm pgt`nohma f` am r`lhÿn.

=4;



=4=

L@T@NOHM YGNMA

JPMNOMXGL`r`nt`9 Hnl. I`sùs Tgfrãlu`z T`mýg

Motumac`nt`, am f`cmnfm `n ompmohtmohÿn s` jm à`vmfg ognshf`rmda`c`nt` `n am ohufmf f`Jumnomyg f`dhfg ma ognstmnt` oròhch`ntg qu` s` jm pr`s`ntmfg `n à sòtgr ognstruoohÿnfurmnt` à mýg 4;==.

[gr `stm rmzÿn, am L`r`nohm Ygnma fà _`rvhohg Nmohgnma f` Ompmohtmohÿn pmrm am Hnfustrhm f` am

Ognstruoohÿn - _@NOHOG Jumnomyg m trmvès f` ognv`nhgs y mahmnzms `strmtèlhoms ogn hnstuohgn`spùdahoms y prhvmfms aglrÿ oucpahr smsemotgrhmc`nt` ams c`tms prglrmcmfms pmrm `st` p`rãgfg.

@n oumntg m ams movhfmf`s `fuomvms y à nùc`rg f` `stufhmnt`s ompmohtmfgs ags pmrohpmnt`seu`rgn hnstruhfgs s`lùn a shluh`nt` oumfrg9

Mshchscg, eu`rgn ìòutmfms =6? movhfmf`s `fuomvms, f` ams ouma`s 6: ogrr`spgnf`n maNhvà Gp`rmvg, 5? ma Nhvà Vèonhog, ?= ma Nhvà [rge`shgnma y ;= m tgfgs ags nhvà`s.


Furmnt` à ì`rohohg fà mýg 4;== s` susorhdh`rgn mou`rfgs f` mpgyg hnt`rhnstuohgnma `nd`nòhg f` am pgdamohÿn f` am agomahfmf9

Nhvà Gp`rmthvg <05

Nhvà Vèonhog =;66

Nhvà [rge`shgnma 606

Vgfgs ags Nhvà`s =0

VGVMA LY 4,458

NHU@A Nrg. F@ OM[MOHVMFG_



=44

OGNVTM[MTV@ GDI@VHU D_@TUMOHßN

[rglrmcm @spòhma f` Tògnv`rshÿnAmdgrma T@UMAGTM [@TÙ

Ompmohtmohÿn @iòutmfg pmrohmac`nt`

Pnhfmf @iòutgrm f` OmpmohtmohÿnAmdgrma Iuv`nha ([TGIGU@NIPNÃN)

Ompmohtmohÿn @iòutmfg pmrohmac`nt`

Lgdh`rng T`lhgnma [mso

Chnhst`rhg f` @n`rlãm y ChnmsOMT@A@O

Ompm

Ompm

oh

oh

tm

tm

oh

oh

ÿn

ÿn

@n

@n

@

@

i`

i`

ou

ou

oh

oh

ÿn

ÿn

Iÿv`n`s m am gdrm Ompmohtmohÿn [gr hnhohmr

G G

g



=4?

Ogn à ognv`nhg susorhtg ogn am Pnhfmf @iòutgrm f` OmpmohtmohÿnAmdgrma Iuv`nha ‟ [TGIGU@N, nmahzÿ ogn èxhtg ogn am ompmohtmohÿnf` iÿv`n`s `n Hnstmamohgn`s @aèotrhoms, ag qu` a`s p`rchrí moo`f`r

m un pu`stg amdgrma.

Ge`rtm `fuomvm

Nhvà Gp`rmvg@n à mýg 4;== s` f`smrrgaamrgn fhe`r`nt`s oursgs m trmvès f`moohgn`s cÿvha`s qu` tuvh`rgn f`stmomfg èxhtg n ams r`lhgn`s Iunãny [msog. Ags oursgs eu`rgn ags shluh`nt`s9

•Hnstmamohgn`s @aèotrhoms

•Hnstmamohgn`s _mnhtmrhms•Aòturm f` [amngs•C`trmfgs y @scmohÿn f` Ogstgs•Madmýha`rãm•@nogermfg y Eh`rr`rãm

Nhvà Vèonhog@n `st` rmnlg, ung f` ags oursgs f` ompmohtmohÿn f` cmygr f`cmnfm`s Vgpglrmm, pu`stg qu` p`rcht` m ags `stufhmnt`s amdgrmr `nhcpgrtmnt`s `cpr`sms ognstruotgrms y chn`rms qu` gp`rmn `n

am r`lhÿn. Ma chscg `cpg, à oursg Mutgomf 4F ognlr`lÿ unshlnhomvg nùc`rg f` mshst`nt`s, prhnohpmac`nt` ognegrcmfg pgr`stufhmnt`s unhv`rshtmrhgs.



=40

L@T@NOHM YGNMA HOML`r`nt`9 Hnl. Y`nÿn Iumn Omimojmlum Omsaag

Furmnt` à mýg 4;==, am L`r`nohmYgnma fà _`rvhohg Nmohgnma fÒmpmohtmohÿn pmrm am Hnfustrhmf` am Ognstruoohÿn - _@NOHOG Hom

f`spa`lÿ sus movhfmf`s fuomvmsm trmvès f` unm s`rh` f` moohgn`sims y moohgn`s cÿvha`s.C`fhmnt` ognv`nhgs ognhnstuohgn`s pùdahoms y prhvmfmss` jmn r`mahzmfg fhv`rsms moohgn`scÿvha`s `n aulmr`s f` `xtr`cmpgdr`zm, ogcg `s à omsg fà oursgf` Ogohnms Cìgrmfms, fhotmfg `nams zgnms f`ngchnmfms N`lrg Cmyg

y Ognfgroogojm - [haaunh `n à fhstrhtg f` Ogrmogrm, prgvhnohm f` [mrhnmogojms, shtumfgs `n amT`lhÿn Mymouojg.Mf`cís, s` fhotÿ à oursg f` Madmýha`rãm Díshom `n am Chnm Du`nmv`nturm ‟ Mntmpht`, fhstrhtg fÒÿrfgvm, prgvhnohm f` Jumytmrí, `n am T`lhÿn Jumnomvàhom.@n oumntg m am hnv`rshÿn r`mahzmfm `n à sòtgr ognstruoohÿn, `s pròhsg f`stmomr qu`, `n àtrmnsoursg fà mýg 4;== judg fhschnuohÿn `n à hnhohg f` gdrms hcpgrtmnt`s, ogcg `s à omsgf` am ognstruoohÿn f` am [amntm f` Nhtrmtg fà [`rù, `n [hsog.

[gr gtrg amfg, omd` s`ýmamr qu` am L`r`nohm Ygnma f` _@NOHOG Hom ou`ntm ogn agoma prgphg,udhomfg `n am Mv. Iumn f` Agygam N» =6<.

Mquã, ams movhfmf`s `fuomvms s` f`smrrgaamn `n muams y tmaa`r`s ogcpa`tmc`nt` `quhpmfgs`n ags qu` s` fhotmn oams`s f` Madmýha`rãm, Hnstmamohgn`s @aèotrhoms, Hnstmamohgn`s _mnhtmrhms yOmrphnt`rãm C`tíahom-_gafmfurm.Hlumac`nt`, `s pròhsg f`stmomr qu` `n `stm s`f` s` jm hcpa`c`ntmfg un o`ntrg f` oÿcputg,un amdgrmtgrhg f` `nsmcdami` y cmnt`nhch`ntg f` ogcputmfgrms, unm dhdahgtòm y un ír`mmfchnhstrmvm.

Vgfgs ags pmrohpmnt`s f` ags fhe`r`nt`s oursgs pu`f`n fhserutmr f` oÿcgfgs y cgf`rngsmcdh`nt`s, tmaa`r`s p`reòtmc`nt` `quhpmfgs y ogcputmfgrms f` ùacm l`n`rmohÿn qu`r`mrcmn nu`strg ogcprgchsg f` drhnfmra`s unm ompmohtmohÿn f` matg nhvà. Lrmohms m àag, amhnstuohÿn s` udhom ogcg unm f` ams cís pr`slhgsms f` am T`lhÿn Hom.Am L`r`nohm Ygnma f` _@NOHOG Hom ou`ntm ogn un O`ntrg f` Egrcmohÿn qu` s` udhom f`ntrg fàO`ntrg f` Gp`rmohgn`s fà Chnhst`rhg f` Uhvh`nfm, Ognstruoohÿn y _mn`mch`ntg n am ohufmf f`[hsog, à qu` s` `nou`ntrm shtumfg `n am Mv. E`rcãn Vmnlñhs N¹ ?6?.



@n `st` aulmr jmy un mcdh`nt` `n à qu` s` gerò` mt`nohÿn ma pùdahog y tmaa`r`sf` Hnstmamohgn`s @aèotrhoms y Madmýha`rãm.

Am L`r`nohm Ygnma f` _@NOHOG Hom `stí m omrlg f` sup`rvhsmr ams movhfmf`s fàms Pnhfmf`s Gp`rmvms f` Mymouojg y Jumnomvàhom.

Am L`r`nohm Ygnma f` _@NOHOG Hom, ma ?= f` fhoh`cdr` fà mýg 4;== f`smrrgaaÿ =4;prgyòtgs `fuomvgs, ags ouma`s r`pr`s`ntmn à <6.;<% f` am c`tm prglrmcmfmy s` nomrlÿ f` ompmohtmr m 4,4;: pmrohpmnt s, ag qu` shcdgahzm a <=.5;% f` amc`tm prglrmcmfm.


Furmnt` a i`rohohg fà mýg 4;== s` susorhdh`rgn fhe`r`nt`s ognv`nhgs strmtèlhogsogn am nmahfmf f` d`nòhmr m vmrhgs sòtgr`s f` am pgdamohÿn.

Ge`rtm `fuomvm

Nhvà Gp`rmvg@n `st` nhvà s` f`smrrgaamrgn ;4 oursgs f` ogohnms cìgrmfms `n ams zgnmsf`ngchnmfms N`lrg Cmyg y Ognfgroogojm ‟ [haaunh, p`rt`nòh`nt`s ma fhstrhtgf` Ogrmogrm, `n am prgvhnohm f` [mrhnmogojm, T`lhÿn Mymouojg, shtumfgs m cís f`6,:;; c`trgs sgdr` à nhvà fà cmr. @n `stms gpgrtunhfmf`s eu`rgn ompmohtmfgs6; pgdamfgr`s n tgtma.Gtrg oursg hcpgrtmnt` r`mahzmfg eu` Madmýha`rãm Díshom `n am Chnm Du`nmv`nturm-Mntmpht`, `n à fhstrhtg f` Oÿrfgvm, prgvhnohm f` Jumytmrí, p`rt`nòh`nt`s m amT`lhÿn Jumnomvàhom.

NGCDT@ F@ AM OGNVTM[MTV@ GDI@VHUG GD_@TUMOHßN

[TGIGU@N Ompmohtmohÿn @iòutmfg

[TGIGU@N - _\H__OGNVMO Ompmohtmohÿn @iòutmfg

Cunhohpmahfmf fhstrhtma f` Vmpuo [msog Ompmohtmohÿn @iòutmfg

[rgyòtg EMG-LO[/[@T/;66/_[M Ompmohtmohÿn @iòutmfg

Cunhohpmahfmf fhstrhtma f` [mrmoms Ompmohtmohÿn @iòutmfg

Chnm Du`nmv`nturm Pnhfmf Mntmpht` Ompmohtmohÿn @iòutmfg

Chnhst`rhg f` @n`rlãm y Chnms - OMT@A@O Ompmohtmohÿn @n iòuohÿn

=45



=4<

Nhvà VèonhogF`ntrg f` st` nhvà eu`rgn fhotmfgs =< oursgs f` Vgpglrmm, pgr a qu` motumac`nt`

`xhst` unm lrmn f`cmnfm hnt`rès.[mrm ognoauhr, furmnt` à mýg 4;== am L`r`nohm Ygnma _@NOHOG Hom jm f`stmomfg`n à fhotmfg f` oursgs c`fhmnt` moohgn`s cÿvha`s, ogcg `s à omsg fà oursg fògohnms cìgrmfms eòtumfg n a fhstrhtg f` Ogrmogrm, prgvhnohm f` [mrhnmogojms,`n am T`lhÿn Mymouojg.Mshchscg, s` r`mahzÿ à oursg f` Madmýha`rãm `n am Chnm Du`nmv`nturm ‟ Mntmpht`,fhstrhtg f` Oÿrfgvm, prgvhnohm f` Jumytmrí, T`lhÿn Jumnomvàhom.

[gr gtrg amfg, eu` m pmrr fà ;: f` Gotudr` fà 4;== qu` `n am prgvhnohm f` [hsogeu`rgn hcpa`c`ntmfgs fgs cÿfuags c`tíahogs `n à O`ntrg f` Gp`rmohgn`s fà

Chnhst`rhg f` Uhvh`nfm ouym nmahfmf eu` ogno`f`r mpgyg m am pgdamohÿn meòtmfmpgr à t`rr`cgtg fà pmsmfg =0 f` mlgstg fà 4;;< y ompmohtmr m ags trmdmimfgr`sf` ognstruoohÿn ohvha.

@n st` aulmr, jgy n fãm s` vh`n`n fhotmnfg gtrgs oursgs lrmohms ma ognv`nhg susorhtgogn à Chnhst`rhg f` @n`rlãm y Chnms ‟ Omràò y à [rglrmcm Umcgs [`rù.

PNHFMF G[@TMVHUM _@NOHOG MXMOPOJG

Am Pnhfmf Gp`rmvm _@NOHOG Mymouojg ou`ntm ogn agoma prgphg udhomfg `n

am Mv. U`n`zuàm N¹ =4<, `n à fhstrhtg _mn Iumn Dmustm.@stm Pnhfmf Gp`rmvm pgs`` ;? muams pmrm à fhotmfg f` ams oams`s t`ÿrhomsy unm gohnm, qu` `s uahzmfm ogcg ír`m mfchnhstrmvm.Mquã s` jmn hcpa`c`ntmfg tmaa`r`s pmrm fhotmr ags oursgs f` Hnstmamohgn`s@aèotrhoms, Hnstmamohgn`s _mnhtmrhms y Madmýha`rãm y s` a`s jm prgpgrohgnmfgj`rrmch`ntms, `quhpgs ` hnstruc`ntgs.Ma chscg `cpg, s` jm fgtmfg ogn `quhpgs nu`vgs ma oursg f` Vgpglrmmy f`sf` à c`s f` fhoh`cdr` fà 4;== `stm Pnhfmf Gp`rmvm `n` uncgf`rng o`ntrg f` oÿcputg.

Am Pnhfmf Gp`rmvm _@NOHOG Mymouojg, ma ?= f` fhoh`cdr` fà mýg 4;==,f`smrrgaaÿ ?= prgyòtgs `fuomvgs, ags qu` shlnhomn à 4<.=8% f` am c`tmprglrmcmfm y s` `nomrlÿ f` ompmohtmr m 0?8 pmrohpmnt`s, ag qu` r`pr`s`ntmà 40.?5% f` am c`tm prglrmcmfm.

[rhnohpma`s ognv`nhgs susorhtgs ma ?= f` fhoh`cdr` f` 4;==

Furmnt` à mýg 4;== s` susorhdhÿ un ognv`nhg ogn à Chnhst`rhg f` Vrmdmig y[rgcgohÿn f` @cpa`g ‟ Umcgs [`rù ogn à gdi`vg f` fhotmr ags oursgs f`Madmýha`rãm Díshom pmrm @fhomohgn`s, Hnstmamohgn`s @aèotrhoms Díshoms pmrm@fhomohgn`s, Aòturm f` [amngs y Vgpglrmm Díshom.

Fà chscg cgfg, c`fhmnt` un ognv`nhg rcmfg ogn à Chnhst`rhg f`@n`rlãm y Chnms ‟ OMT@A@O, s` `stí f`smrrgaamnfg `n _@NOHOG Mymouojgà oursg f` Hnstmamohgn`s @aèotrhoms, lrmohms ma ouma s` `stín pr`pmrmnfg 66pmrohpmnt`s.



Ge`rtm `fuomvm

Nhvà Gp`rmvg@n `st` nhvà ags oursgs cgfuamr`s ogn cmygr mo`ptmohÿn eu`rgn Hnstmamohgn`s @aèotrhoms y

Madmýha`rãm.Nhvà VèonhogMquã s` jmn fhotmfg =4 oursgs f` Vgpglrmm, `spòhmahfmf pgr am qu` `xhst` lrmn f`cmnfm `nam zgnm.

@n f`nhvm, s` jm ogcprgdmfg qu` xhst` unm matm f`cmnfm f` pmrohpmnt`s n ags oursgs f`Hnstmamohgn`s @aèotrhoms, Madmýha`rãm y Vgpglrmm.Furmnt` a c`s f` fhoh`cdr` fà 4;== s` jmn hcpa`c`ntmfg stms omrr`rms ogn j`rrmch`ntms,`quhpgs hnstruc`ntgs spòhmahzmfgs.Am hnerm`struoturm f` am Pnhfmf Gp`rmvm f` Mymouojg s mcpahm y cgf`rnm.

=4:



=48

PNHFMF G[@TMVHUM _@NOHOG JPMNOMU@AHOM

Am Pnhfmf Gp`rmvm _@NOHOG Jumnomvàhom, `n am motumahfmf eunohgnm `n un agoma maquhamfg y susmovhfmf`s `fuomvms sgn f`spa`lmfms f`ntrg f` am Hnstuohÿn @fuomvm _mntm Mnm, lrmohms m unognv`nhg r`lhstrmfg `ntr` mcdms pmrt`s.Am Pnhfmf Gp`rmvm _@NOHOG Jumnomvàhom, ma ?= f` fhoh`cdr` fà mýg 4;==, f`smrrgaaÿ 4< prgyòtgs`fuomvgs, ags qu` ognstuy`n a ?=.<5% f` am c`tm prglrmcmfm y mf`cís, eu`rgn pr`pmrmfgs ?64pmrohpmnt`s, ag qu` ognstuy` à 44.;4% f` am c`tm prglrmcmfm.

[rhnohpma`s ognv`nhgs susorhtgs ma ?= f` fhoh`cdr` f` 4;==

@n à mýg 4;== s` susorhdhÿ un ognv`nhg ogn à Chnhst`rhg f` @n`rlãm y Chnms ogn à gdi`vg fòmpmohtmr m 66 pmrohpmnt`s `n à oursg f` Hnstmamohgn`s @aèotrhoms.

Ge`rtm `fuomvm

Nhvà Gp`rmvg@n `st` nhvà s` jmn fhotmfg ogn cís eròu`nohm ags oursgs ogrtgs f` Vmrrmi`g f` curgs y tòjgs,Ognstruoohÿn f` Mrcmfurms y @nogermfg f` Ogaucnms.

Nhvà Vèonhog@n `st` nhvà s` jm fhotmfg à oursg f` Vgpglrmm C-H.Ehnmac`nt`, n a trmnsoursg fà mýg 4;== s` jmn f`smrrgaamfg oursgs c`fhmnt` moohgn`s cÿvha`s nags fhstrhtgs fà Tgsmrhg, Mntm, [muomrí y [gcmogojm shtumfgs `n am prgvhnohm f` Mogdmcdm.



L@T@NOHM YGNMA

H]PHVG_L`r`nt`9 Hnl. Gswmafg Ihcèn`z _mams

Am L`r`nohm Ygnma fà _`rvhohg Nmohgnma f` Ompmohtmohÿn pmrm am Hnfustrhm f` am

Ognstruoohÿn - _@NOHOG Hquhtgs, furmnt` a p`rhgfg 4;== oucpahÿ ogn am c`tm fòmpmohtmr f`ntrg f` ags ;? nhvà`s f` am phríchf` goupmohgnma `n d`nòhg fàsòtgr ognstruoohÿn.@n ags omsgs fà Nhvà Vèonhog y Vgfgs ags Nhvà`s s` maomnzÿ unm oherm c`ngr mam c`tm `stmdaòhfm pmrm `s` mýg, shn `cdmrlg2 `n à Nhvà Gp`rmvg y à Nhvà[rge`shgnma ags r`suatmfgs eu`rgn ÿpcgs.@n ag rè`r`nt` m mpgrtmohÿn y ogntrhduohÿn ma _@NOHOG s` r`mahzmrgn movhfmf`sogcg ojmrams f` grh`ntmohÿn, f`smrrgaamfms pgr am L`r`nohm Ygnma _@NOHOGHquhtgs.

Hlumac`nt`, `n ag ogno`rnh`nt` ma Amdgrmtgrhg f` @nsmyg f` Cmt`rhma`s (A@C)

f`stmomn ags s`rvhohgs f` mt`nohÿn m t`ro`rgs qu` maomnzmrgn oudrhr ams xpòtmvms,mùn ogntmnfg ogn `quhpgs f` jmstm =< mýgs f` mnlñ`fmf.Am c`tm ogns`luhfm ma ?= f` fhoh`cdr` fà 4;== pgr am L`r`nohm Ygnma _@NOHOGHquhtgs eu` f` 45< ompmohtmfgs, f` un tgtma f` =,=<; pgr ompmohtmr, aglrmnfg oudrhrà 6;.5:% f` 46 prgyòtgs `fuomvgs ìòutmfgs.

•@n à Nhvà Gp`rmvg s` ognoauy`rgn =0 oursgs f` ags ?5 prglrmcmfgs `n à mýg,aglrmnfg un mvmno` fà 6=.55%.•@n a Nhvà Vèonhog, s` nmahzmrgn ;4 oursgs f` ags ;? prglrmcmfgs, ognshluh`nfgun mvmno` fà 55.5<%.

•@n à Nhvà [rge`shgnma s` f`smrrgaamrgn ;5 oursgs f` oÿcputg f` ags =6prglrmcmfgs, gdt`nh`nfg un mvmno` fà 64.:5%.•@n à rmnlg Vgfgs ags Nhvà`s s` f`smrrgaaÿ ;= oursg f` ags ;5 prglrmcmfgs,maomnzmnfg un mvmno` fà =5.5<%.

=?;



=?=

Mshchscg, am zgnma pmrohpÿ `n unm E`rhm f` Grh`ntmohÿn Ugomohgnma,grlmnhzmfm pgr à Ognsgrohg T`lhgnma f` O`ntrgs @fuomvgs, fgnf` s`prgcgohgnÿ y fheunfhÿ à moohgnmr fà _@NOHOG `n Hquhtgs.

[rhnohpma`s ognv nhgs susorhtgs ma ?= f` fhoh`cdr` fà 4;==

Furmnt` a i`rohohg fà mýg 4;==, am L`r`nohm Ygnma _@NOHOG Hquhtgs ng susorhdhÿognv`nhgs cmrog nh `spòãogs.

Ge`rtm `fuomvm

Furmnt` a i`rohohg fà mýg 4;== s` ìòutmrgn ags shluh`nt`s oursgs9Vgfgs ags Nhvà`s

• Oursg f` Go` Díshog 4;=;.• ;= Ogne`r`nohm tèonhom.• ;5 Ojmrams f` grh`ntmohÿn.• ;= _`chnmrhg.• ;= E`rhm f` Grh`ntmohÿn Ugomohgnma.• ;= Ojmram f` Grh`ntmohÿn.

Nhvà Gp`rmvg• Oursgs f` Aòturm f` [amngs f` mrquhtòturm, @struoturms, Hnstmamohgn`s@aèotrhoms Hnstmamohgn`s _mnhtmrhms.

• Oursg cgfuamr f` Madmýha`rãm (;6 cÿfuags).• Oursg cgfuamr f` Hnstmamohgn`s @aèotrhoms (;? cÿfuags).• Cÿfuag f` f`smrrgaag amdgrma.• ;4 oursgs ogrtgs f` Madmýha`rãm• ;= oursg ogrtg f` Hnstmamohgn`s @aèotrhoms.

Nhvà Vèonhog• ;4 oursgs f` MutgOMF 4F.• ;= oursg f` Ogstgs y [r`supu`stgs pgr Ogcputmfgrm.• ;= oursg f` Cs [rgiòt.

Nhvà [rge`shgnma

• ;6 oursgs f` MutgOMF 4F.• ;= oursg f` Ogstgs y [r`supu`stgs pgr Ogcputmfgrm.• ;= oursg f` Cs [rgiòt.

@a pr`slhg f` am L`r`nohm Ygnma _@NOHOG Hquhtgs y ams ràmohgn`s `xt rnms qu`cmn`n` ogn fhe`r`nt`s hnstuohgn`s pùdahoms y prhvmfms ogcg à Oga`lhg f`Hnl`nh`rgs, Oga`lhg f` Mrquhtòtgs, sòtgr `cpr`smrhma f` am ognstruoohÿn yam ogcunhfmf s` jm ognsgahfmfg, aglrmnfg f`smrrgaamr sus movhfmf`s ogn ampmrohpmohÿn movm f` `stgs sòtgr`s.



Am s`f` f` Hquhtgs tmcdhèn gerò` m am ogcunhfmf ags s`rvhohgs f` su Amdgrmtgrhg f` @nsmyg f` Cmt`rhma`s, qu` ou`ntmogn am mprgdmohÿn f` ags `cpr`smrhgs fà rudrg vhvh`nfm y ognstruoohÿn f`dhfg m am a`lhchfmf f` ags r`suatmfgs qu`gerò`.

Ng sgag f`ntrg f` ags rudrgs omtmaglmfgs ogcg Nhvà Vèonhog y Vgfgs ags Nhvà`s s` gdtuvh`rgn r`suatmfgs pgshvgs,

shng tmcdhèn, `n à Nhvà Gp`rmvg y à Nhvà [rge`shgnma, ym qu` s` moròh`ntm am oherm f` trmdmimfgr`s gp`rmvgs yprge`shgnma`s qu` ognmn su ompmohtmohÿn y p`reòohgnmch`ntg n a _@NOHOG Hquhtgs.

Am hnerm`struoturm f` am L`r`nohm Ygnma _@NOHOG Hquhtgs, su amdgrmtgrhg (A@C), muams, tmaa`r`s y f`cís mcdh`nt`s jmo`npgshda` qu` am s`f` s` f`smrrgaa` sgst`nhfmc`nt` y aglr` pr`s`nohm `n à c`romfg `fuomvg f` am zgnm, f`ntrg fàrudrg f` hnstuohgn`s fuomvms f` am T`lhÿn Agr`tg.

Dmig `st` ognt`xtg, s` rògch`nfm mrouamr à trmdmig zgnma ogn am _`f` O`ntrma pmrm à oucpahch`ntg gpgrtung f` amsc`tms, uahzmnfg c`fhgs qu` p`rchtmn hnt`rmotumr f` egrcm fhníchom.

=?4



=??

L@T@NOHM YGNMA [HPTML`r`nt`9 Hnl. Chluà M. Mavmrmfg Gtgym

@a rudrg f` am ognstruoohÿn `n [hurm eu` ung f` ags sòtgr`s qu` cmygr oròhch`ntg jm pr`s`ntmfg`ntr` ags prhnohpma`s sòtgr`s prgfuovgs `n à mýg 4;==. Mshchscg, m trmvès f` ognv`nhgs y mahmnzms`strmtèlhoms ogn hnstuohgn`s pùdahoms y prhvmfms s` jmn ognor`tmfg ams c`tms prglrmcmfms pmrm fhojgp`rãgfg.

Am L`r`nohm Ygnma fà _`rvhohg Nmohgnma f` Ompmohtmohÿn pmrm am Hnfustrhm f` am Ognstruoohÿn - _@NOHOG[hurm `n oucpahch`ntg f` sus gdi`vgs y eunohgn`s pmrm à pr`s`nt` mýg prglrmcÿ am ìòuohÿn f`movhfmf`s fuomvms m trmvès f` moohgn`s ims y moohgn`s cÿvha`s.

Ma ?= fhoh`cdr` fà 4;== am c`tm fuomvm prglrmcmfm rm r`mahzmr =5< movhfmf`s y ompmohtmr 6,4;;pmrohpmnt s n tgfgs ags nhvà`s y prglrmcms.

Ma r`spòtg, pgf`cgs mrcmr qu`, m p`smr f` ams fhouatmf`s qu` s` pr`s`ntmrgn furmnt` `s` mýg s`jmn ompmohtmfg 0,865 pmrohpmnt`s f` ags ouma`s ?,:4= sgn egrcmvgs y 4=40 ng egrcmvgs. Mshchscg,s` jmn iòutmfg 4;5 movhfmf`s fuomvms, f` ams ouma`s =<5 sgn egrcmvms y ?; sgn ng egrcmvms.


Furmnt` à ì`rohohg fà 4;== s` susorhdh`rgn ognv`nhgs f` mpgyg hnt`rhnstuohgnma `n d`nòhg f` amspgdamohgn`s f` agomahfmf`s ogcg9

OGNVTM[MTV@ GDI@VHUG GD_@TUMOH N

OMT@A@O-Chnhst`rhg f` @n`rlãm y Chnms Ompmohtmohÿn @iòutmfgCunhohpmahfmf [rgvhnohma f` [hurm* Ompmohtmohÿn @iòutmfgCunhohpmahfmf Fhstrhtma f` D`rnma Ompmohtmohÿn [gr Hnhohmrs`Cunhohpmahfmf Fhstrhtma f` Thnognmfm Aahoumr Ompmohtmohÿn [gr Hnhohmrs`[TGIGU@N Ompmohtmohÿn [gr Hnhohmrs`

Iÿv`n`s m am Gdrm Ompmohtmohÿn [gr Hnhohmrs`

* _` hnhohÿ `n gotudr` fà 4;== y ouachnÿ `n `n`rg 4;=4



Ge`rtm @fuomvm

Nhvà Gp`rmvg@n a 4;== s` f`smrrgaamrgn fhe`r`nt`s oursgs m trmvès f` moohgn`s f` ompmohtmohgn`sims y cÿvha`s. F`stmomnfg am fà prglrmcm sgohma fà Chnhst`rhg f` @n`rlãm yChnms ‟ OMT@A@O ogn cmromfg èxhtg `n ags oursgs f` Hnstmamohgn`s @aèotrhoms,qu` d`nòhm fhròtmc`nt` m iÿv`n`s f` quhntg f` sòunfmrhm f` Hnstuohgn`s@stmtma`s f` oumtrg fhstrhtgs fà Dmig [hurm, ogno`ntrínfgs` am ompmohtmohÿn `n àfhstrhtg f` D`rnma, prgvhnohm f` _òjurm.

Gtrgs oursgs m trmvès f` moohgn`s cÿvha`s eu`rgn ags fà ognv`nhg ogn am

Cunhohpmahfmf [rgvhnohma f` [hurm, qu` d`nòhÿ m =;; iÿv n`s f`ngchnmfgs `n‑pàhlrg cgrma–.

Nhvà Vèonhog@n `st` nhvà am L`r`nohm Ygnma _@NOHOG [hurm ìòutÿ oursgs f` tuamohÿn pmrmags `lr`smfgs f` ams omrr`rms f` Vgpglrmm, @fhomohgn`s y Ogcputmohÿn.

Jhstÿrhomc`nt`, n am egrcmohÿn f` tèonhogs n am @souàm _up`rhgr V ongaÿlhom, s`jm aglrmfg un rèogrf f` ompmohtmfgs, jmdh`nfg trhpahomfg à nùc`rg f` maucngs

`n ams fhe`r`nt`s omrr`rms qu` gerò` am @souàm.

=?6



=?0

@n à mýg 4;;< am pgdamohÿn `stufhmna pgr ohoag `rm f` mprgxhcmfmc`nt` ?;;maucngs, ch`ntrms qu` furmnt` à p`rãgfg 4;== s` jmn ompmohtmfg mar`f`fgr f`:;; maucngs pgr ohoag.

Motumac`nt`, à Amdgrmtgrhg f` @nsmyg f` Cmt`rhma`s s` jm pgshohgnmfg `n ampr`stmohÿn f` s`rvhohgs f` mníahshs f` suàgs y `nsmygs f` ognor`tg, `ntr` amsfhe`r`nt`s `cpr`sms ognstruotgrms ` hnstuohgn`s f` am T`lhÿn, hcpgnh`nfg suahf`rmzlg y prè`r`nohm f` ags usumrhgs pùdahogs g prhvmfgs.

_` jm f`cgstrmnfg s`rh`fmf `n à oucpahch`ntg fà s`rvhohg, à qu` `sognshf`rmfg ÿpcg y mo`rtmfg, m aag s` f`d` am prè`r`nohm fà usumrhg f`fhomfg

m am hnfustrhm f` am ognstruoohÿn.

Ognoauy`nfg, `s iustg f`stmomr qu`, ng sÿag `n à nhvà gp`rmvg s` jmnmaomnzmfg du`ngs r`suatmfgs. Vmcdhèn n ag rè`r`nt` m am egrcmohÿn f` tèonhogs`n am @souàm _up`rhgr Vòngaÿlhom.

@stí f`cgstrmfg qu`, omfm v`z sgn cís ags prge`shgnma`s qu` ognmn suompmohtmohÿn y p`reòohgnmch`ntg ma _@NOHOG.

@n ag rè`r`nt` m am hnerm`struoturm f` am L`r`nohm Ygnma _@NOHOG [hurm, tmntg

ags amdgrmtgrhgs, muams, tmaa`r`s y f`cís mcdh`nt`s jmn jòjg pgshda` qu` `stms`f` s` f`s`nvuàvm f` egrcm sgst`nhfm, aglrmnfg r`mrcmr su pr`slhg `n àc`romfg `fuomvg f` `stm r`lhÿn.

_` pr`vè qu` pmrm a mýg 4;=4 s` prgfuzom am mcpahmohÿn f` am hnerm`struoturm f``stm L`r`nohm Ygnma, fgnf` s` udhomrmn tmaa`r`s y un macmoèn.



=?8

L@T@NOHM YGNMA VMONML`r`nt`9 Hnl. Cmnuà Emdrhohg D`lmzg Luzcín.

@n a trmnsoursg fà mýg 4;==, a sòtgr ognstruoohÿn n a f`pmrtmc`ntg f` Vmonmmaomnzÿ a 5,:6% f` pmrohpmohÿn pgro`ntuma fà [rgfuotg Drutg Hnt`rng ([DH).Ogcpmrmnfg am oherm ogn am f` mýgs mnt`rhgr`s, `stm s` jm hnor`c`ntmfg mýg trmsmýg2 tma `s msã qu` `n à mýg 4;;< `stm maomnzÿ un 5,?4%2 ch`ntrms qu`, `n àmýg 4;;: aa`lÿ ma 5,60%. Mshchscg, furmnt` à mýg 4;;8 s` aglrÿ à 5,0:% y `n àp`rãgfg 4;=; s` gdtuvg à 5,<=%.

@st` hnfhomfgr f`cu`strm qu` à `cpa`g `n `st` sòtgr vm `n muc`ntg,

ag qu` f`cmnfm drhnfmr `xoà`nt`s nhvà`s f` egrcmohÿn, ompmohtmohÿn yp`reòohgnmch`ntg f` ags trmdmimfgr`s n stm movhfmf.[gr àag, am L`r`nohm Ygnma fà _`rvhohg Nmohgnma f` Ompmohtmohÿn pmrm am Hnfustrhmf` am Ognstruoohÿn - _@NOHOG Vmonm, oucpah`nfg ogn sus gdi`vgs y eunohgn`s,prglrmcÿ pmrm à p`rãgfg 4;== am ìòuohÿn f` fhv`rsms movhfmf`s `fuomvms,ams qu` n ogcpmrmohÿn ogn a mýg mnt`rhgr oròh`rgn n mprgxhcmfmc`nt` a ?%.

F` `stm egrcm, ams c`tms prgyòtmfms s` oucpah`rgn smsemotgrhmc`nt` ` hnoausgeu`rgn sup`rmfms n cís fà 0;% `n oumntg m prgyòtgs fuomvgs f`smrrgaamfgss` r``r`.

O`ntrg f` Egrcmohÿn Cgqu`lum

Am L`r`nohm Ygnma _@NOHOG Vmonm `n` ogcg ícdhtg iurhsfhoohgnma agsf`pmrtmc`ntgs f` Vmonm y Cgqu`lum. @n à mýg 4;== s` hcpa`c`ntm y mp`rturmà O`ntrg f` Egrcmohÿn Cgqu`lum lrmohms ma ognv`nhg ogn am `cpr`sm chn`rmMnlagMc`rhomn ]uàamvòg.Am mahmnzm p`rchÿ m am zgnma ogntmr ogn cmygr pr`s`nohm y mmnzmr supgshohgnmch`ntg n a c`romfg fuomvg f` Cgqu`lum, ognohtmnfg a hnt`rès fàm pgdamohÿn mnjàmnt` f` ompmohtmrs` n ags fhe`r`nt s oursgs qu` gerò` _@NOHOG.

@s` mýg tmcdhèn s` ognshluhÿ ìòutmr gtrgs fgs ognv`nhgs, à prhc`rg ogn àLgdh`rng T`lhgnma f` Cgqu`lum y à s`lunfg ogn am Cunhohpmahfmf Fhstrhtma fÒjgimtm, shtumfm `n Cgqu`lum.Am L`r`nohm Ygnma f` _@NOHOG Vmonm cmn`n` c`tms `fuomvms pgr omfmf`pmrtmc`ntg2 `s fòhr, pmrm am ohrounsorhpohÿn f` Vmonm am c`tm eu` ìòutmr 86prgyòtgs y ompmohtmr =,:== pmrohpmnt`s.



Ogntrmrhg m `sg, à maomno` eu` `xhtgsg ym qu` ma ?= f` fhoh`cdr` s` aglrÿ ìòutmr =68 prgyòtgs y ompmohtmr m4,;68 pmrohpmnt`s sgdr`pmsmnfg ams oherms prglrmcmfms `n =08% pmrm prgyòtgs y `n ==?% `n ag rè`r nt` mpmrohpmnt`s ompmohtmfgs.Mshchscg, `n à f`pmrtmc`ntg f` Cgqu`lum am c`tm hnhohma eu` f`smrrgaamr 45 prgyòtgs y ompmohtmr m 65;

pmrohpmnt`s. Ma ?= f` fhoh`cdr` fà 4;==, s` ognshluhÿ prgfuohr 46 prgyòtgs y ompmohtmr m ?8= pmrohpmnt`s,aglrmnfg un mvmno` fà 84.?% pmrm prgyòtgs y :0% `n ompmohtmfgs.

[rhnohpma`s ognv`nhgs susorhtgs ma ?= f` fhoh`cdr` fà 4;==

Ge`rtm `fuomvm

Nhvà Gp`rmvgFurmnt` à mýg 4;== s` fhotmrgn fhe`r`nt`s oursgs. @n à O`ntrg f` Egrcmohÿn Ohufmf Nu`vm f` Vmonm s`grlmnhzmrgn oursgs cgfuamr`s f` Madmýha`rãm, Hnstmamohgn`s @aèotrhoms ` Hnstmamohgn`s _mnhtmrhms2 msã ogcg,

oursgs ogrtgs ogcg Hnstmamohÿn f` T`v`sch`ntg O`ríchog.

M am pmr, s` èòtumrgn oursgs f` p`reòohgnmch`ntg y `spòhmahzmohÿn `n Ognstruoohÿn ogn Vmdhqu`rãm `n _ògFrywmaa, Aòturm f` [amngs, C`trmfgs n @fhomohgn`s y Ogntrga f` Macmoèn n Gdrm.

@n a O`ntrg f` Egrcmohÿn Cgqu`lum eu`rgn iòutmfgs oursgs cgfuamr`s f` Madmýha`rãm, @nogermfg Eh`rr`rãm,Hnstmamohgn`s @aèotrhoms, Hnstmamohgn`s _mnhtmrhms y Cmnt`nhch`ntg Díshog n @fhomohgn`s.

Hlumac`nt`, `n à fhstrhtg f` Ojgimtm s` prgfui`rgn c`fhmnt` moohÿn cÿvha ags oursgs ogrtgs f` Ognstruoohÿnf` Curg _hcpa`, Ognstruoohÿn f` [hsgs y U`r`fms, Vmrrmi`g f` Curg y Vòjg, Hnstmamohÿn f` T`v`sch`ntg

O`ríchog, Ognstruoohÿn f` Mrcmfurm y @nogermfg f` Ogaucnms, msã ogcg, Ognstruoohÿn f` @nogermfg yMrcmfurm f` Agsm Mahl`rmfm, Ogntrga f` Macmoèn n Gdrm, Aòturm f` [amngs y C`trmfgs n @fhomohgn`s.

*Ognv`nhg rcmfg à mýg 4;;8 y ìòutmfg à mýg 4;==


MnlagMc`rhomn ]uàamvòg Ompmohtmohÿn @iòutmfg *

Lgdh`rng T`lhgnma f` Cgqu`lum Ompmohtmohÿn @iòutmfg

Cunhohpmahfmf Fhstrhtma f` Ojgimtm Ompmohtmohÿn @iòutmfgChnhst`rhg f` @n`rlãm y Chnms Ompmohtmohÿn @n iòuohÿn

=6;



=6=

Nhvà Vèonhog@n `st` rmnlg am L`r`nohm Ygnma ìòutÿ oursgscgfuamr`s f` Vgpglrmm2 y `n oÿcputg ags oursgsf` Mutgomf, Mrojhomf, [r`supu`stgs y Ogstgs

Pnhtmrhgs pgr Ogcputmfgrm _-=;, Mutgomf Amnf yMrolys. @n à O`ntrg f` Egrcmohÿn Cgqu`lum s`prgcgvh`rgn oursgs f` Vgpglrmm `n gdrms vhma`s.

Nhvà [rge`shgnma_` f`smrrgaamrgn fhpagcmfgs `n _up`rvhshÿn f`_`lurhfmf, _mauf y C`fhg Mcdh`nt` f` OgnstruoohÿnOhvha, tmaa`r`s f` [rgo`fhch`ntgs Ognstruovgsf` @nogermfg Eh`rr`rãm, Hnstmamohgn`s @aèotrhoms` Hnstmamohgn`s _mnhtmrhms2 ch`ntrms `n oÿcputgs` r`mahzmrgn ags oursgs [rgiòt y Umagrhzmohÿn yAhquhfmohÿn f` gdrm pgr ogcputmfgrm.

[gr gtrg amfg, à Amdgrmtgrhg f` @nsmyg f`Cmt`rhma`s motumac`nt` vh`n` pr`stmnfg s`rvhohgsf` mníahshs f` suàgs, `nsmygs f` ognor`tg y gtrgs`stufhgs m fhe`r`nt`s `cpr`sms ognstruotgrms `hnstuohgn`s f` am r`lhÿn, f`cgstrmnfg omahfmf ys`rh`fmf n a oucpahch`ntg fà s`rvhohg, ag qu` jmomptmfg am prè`r`nohm fà usumrhg f`fhomfg m amhnfustrhm f` am ognstruoohÿn.

Ehnmac`nt`, `n à trmnsoursg fà mýg 4;== amL`r`nohm Ygnma f` _@NOHOG Vmonm aglrÿ sup`rmrams c`tms prglrmcmfms pmrm à f`pmrtmc`ntg f`Vmonm `n un 08% pmrm prgyòtgs `fuomvgs y `n=?% n ag ogno`rnh`nt` m ompmohtmfgs.@n oumntg m ams c`tms prglrmcmfms pmrm àf`pmrtmc`ntg f` Cgqu`lum, `stms jmn maomnzmfgà 84.?%, `n ag qu` ognoh`rn` m prgyòtgs`fuomvgs y :0% `n oumntg m ompmohtmfgs.

@stgs r`suatmfgs s` gdtuvh`rgn c`fhmnt` àf`smrrgaag f` moohgn`s f` ompmohtmohgn`s imsy cÿvha`s2 msã ogcg, lrmohms m am susorhpohÿn yìòuohÿn f` hcpgrtmnt`s ognv`nhgs ogn `nfmf`spùdahoms y prhvmfms.



L@T@NOHM YGNMA

VTPIHAAGL`r`nt`9 Mrq. Lustmvg Mfgaeg [hnhaags Tgfrãlu`z.

Am L`r`nohm Ygnma fà _`rvhohg Nmohgnma f` Ompmohtmohÿn pmrm am Hnfustrhm f` amOgnstruoohÿn - _@NOHOG Vruihaag f`s`cp`ým sus movhfmf`s prhnohpmac`nt``n am T`lhÿn Am Ahd`rtmf.

Mshchscg, `stí pr`s`nt` `n am T`lhÿn Omimcmrom, `n prgvhnohms ogcg_mn Chluà, Ogntucmzí, Oà`nfãn, Omimcmrom y Omimdmcdm. @n Mnomsj s`f`s`nvuàv` `n ams f` @a _mntm, Ogrgnlg, _hjums y [maamsom.

@n l`n`rma, am hnfustrhm f` am ognstruoohÿn `n ams ohufmf`s r`lhstrm `cpa`gpa`ng, `s fòhr, tmntg ags prge`shgnma`s, tèonhogs y trmdmimfgr`s gp`rmvgsomahomfgs y s`ch omahomfgs `stín `cpa`mfgs. @n pmrouamr, `n Am Ahd`rtmf,s` r`lhstrm un oròhch`ntg sgst`nhfg `n ags ùacgs mýgs f`ntrg f` `st`rudrg.

Am L`r`nohm Ygnma _@NOHOG Vruihaag f`smrrgaam sus movhfmf`s `fuomvms, fègrcmohÿn, ompmohtmohÿn, p`reòohgnmch`ntg y `spòhmahzmohÿn `n ags tr`snhvà`s goupmohgnma`s, mf`cís drhnfm s`rvhohgs f` `nsmygs f` cmt`rhma`s`n suàgs y ognor`tg m ams `cpr`sms y prge`shgnma`s hnf`p`nfh`nt`s quògnstruy`n `ntr`lmnfg r`suatmfgs ognmda`s y s`lurgs.

Furmnt` à p`rhgfg 4;== s` r`mahzmrgn 468 oursgs `n à Nhvà Gp`rmvg,Vèonhog, [rge`shgnma y f`ntrg fà rmnlg f`ngchnmfg Vgfgs ags Nhvà`s,maomnzmnfg ags ?,048 pmrohpmnt s ompmohtmfgs n `stm s`f`.

@n à O`ntrg f` Egrcmohÿn Omimcmrom s` ìòutmrgn ?< oursgs y s` aglrÿ

ompmohtmr m =,44: pmrohpmnt`s. _@NOHOG Omimcmrom r`mahzÿ oursgs fòmpmohtmohÿn f`so`ntrmahzmfgs, `s fòhr, `n fhstrhtgs y prgvhnohms f` Am@nomýmfm y Oà`nfãn.

@ntr` ags c`s`s f` `n`rg y fhoh`cdr` f` 4;== s` maomnzÿ un nhvà f`mutg sgst`nhch`ntg f` =.;6, `s fòhr, à ;.6% f` cmygr`s hnlr`sgs, `stgmunqu` à O`ntrg f` Egrcmohÿn Omimcmrom sgag maomnzmrm un nhvà f` mutgsgst`nhch`ntg f` ;.55, ag qu` r`pr`s`ntm à 46% f` c`ngr hnlr`sg ognr`spòtg m sus lmstgs, mùn msã `s ognshf`rmfg du`ng, t`nh`nfg `n ou`ntmqu` Omimcmrom `n` un nhvà f` sudshfhg fà :;%.

@n l`n`rma, s` aglrÿ omptmr hnlr`sgs pgr _/. ?, =<6,:4?.=02 ch`ntrms qu`, ags`lr`sgs eu`rgn pgr _/. ?, ;05,6;;.48.

=64



=6?

@n am ahma f` am @souàm _up`rhgr f` stm l`r`nohm s` aglrÿun shlnhomvg hnor`c`ntg ogn r`spòtg ma mýg mnt`rhgr,

hnmulurmnfg ;6 sòohgn`s y ròhdh`nfg m =;4 maucngscís.

@s fòhr, ch`ntrms `n à mýg 4;=; s` ogntmdmn 0?sòohgn`s y =,465 maucngs, furmnt` à mýg 4;== s`hnor`c`ntmrgn m 0< ams sòohgn`s y s` ogntmrgn =,?6:maucngs cmtrhouamfgs.

Am mp`rturm fà oursg @amdgrmohÿn f` @xp`fh`nt`sVèonhogs tuvg unm furmohÿn f` ?4 jgrms y s` r`mahzÿags fãms =:, =8, 40 y 45 f` e`dr`rg. Mquã s` hnsorhdh`rgn

<4 pmrohpmnt`s, f` ags ouma`s à 6<% r`pr`s`ntÿ mhnl`nh`rgs ohvha`s, à =4.<% m mrquhtòtgs, à =4.<%eu`rgn dmojhaa`r`s, à 0.0% f` hnsorhtgs eu`rgn tèonhogs,à 8.=% stuvg r`pr`s`ntmfg pgr stufhmnt`s y a =?% f`

prgfuoohÿn. @n tèrchngs

ògnÿchogs `stg shlnhomun aglrg fà =?.0 % ognr`spòtg ma mýg mnt`rhgr.

mshst`nt`s eu`rgn prge`shgnma`s f` `spòhmahfmf`s ràmohgnmfms.

@n a cmrog fà ogntrmtg ogn _hf`r [`rù‟L`rfmu s` prgfui`rgn movhfmf`s n am s`fò`ntrma y n am ohufmf f` Ojhcdgt` ogcg oursgs ogrtgs f` `rr`rãm díshom, oursgs pmrmmadmýha`s y cm`strgs f` gdrm, msã ogcg, s`chnmrhgs grh`ntmfgs m s`nshdhahzmr y l`n`rmrnò`shfmf f` ompmohtmrs` `n ags pmrohpmnt`s, jmoh`nfg jhnomphè `n am o`romohÿn

qu` _@NOHOG gtgrlm m ngcdr` f` am Nmohÿn. Am o`romohÿn goupmohgnma s` `stmríf`smrrgaamnfg furmnt` ags prhc`rgs c`s`s fà mýg 4;=4.

@n à O`ntrg f` @spòhmahzmohÿn `n Hnegrcíom Mpahomfm m am Ognstruoohÿn (O@HO) s`fhotmn oursgs f` nsmcdami`, cmnt`nhch`ntg y r`pmrmohÿn f` r`f`s, Go` Vggas 4;=;mvmnzmfg, Mníahshs y Fhs`ýg @struoturma (_M[ 4;;;), @xoà Ehnmnoh`rg, Mutgomf ?F,@xp. ?F _tufhg Cmx, Mutgomf Ohvha ?F Amnf, Go` Vggas 4;=; iòuvg y nsmcdami`,cmnt`nhch`ntg y r`pmrmohÿn f` [Os.

Mshchscg, ags oursgs f` @xoà Díshog, Go` Vggas 4;=;, Fhs`ýg Lríog pgrogcputmfgrm, @xoà Mvmnzmfg, C_ [rgiòt, _=; Ogstgs y [r`supu`stgs y Mutgomf4F, `spòhmahfmf qu` ou`ntm ogn unm f`cmnfm qu` maomnzm à 4=.5% fà tgtma f` am



O`ntrg f` Egrcmohÿn Omimcmrom@n `stm s`f` s` r`mahzmrgn oursgs pmrm mt`nf`r am f`cmnfm f` ompmohtmohÿn f` `cpr sms chn`rms ogcgCsh Eaugr-[rgyòtg Ognlm y am `cpr`sm chn`rm Am Ymnim, fhrhlhfgs m am pgdamohÿn f` am zgnm f` hnu`nohmf` ams chn`rms.

Vmcdhèn s` èòtumrgn oursgs f` gp`rmfgr f` cmquhnmrhm f` trmotgr f` omf`nm, gp`rmfgr f` cgtgnhvàmfgrm y oursgs `xp`rhc`ntma`s f` madmýha`rãm, omrphnt`rãm, cmnìg f` `quhpgs tgpglríogs, `stmohÿntgtma y L[_, aòturm f` pamngs f` mrquhtòturm, struoturms y muxhahmr f` tgpglrmm.

[rhnohpma`s ognv`nhgs susorhtgs ma ?= f` fhoh`cdr` fà 4;==@n à ampsg fà mýg 4;== eu`rgn susorhtgs ognv`nhgs ogn hnstuohgn`s pùdahoms y `cpr`sms prhvmfms pmrmd`nòhmr m am pgdamohÿn n l`n`rma, spòhmac`nt` m iÿv`n`s `stufhmnt`s f` fuomohÿn sòunfmrhm, sh`nfgà cís rà`vmnt` à ogntrmtg susorhtg ogn am `cpr`sm _hf`r [`rù ‟ L`rfmu, qu` ognt`cpam am ompmohtmohÿnf` ags trmdmimfgr`s gp`rmvgs f` am hnfustrhm f` am ognstruoohÿn y am o`romohÿn goupmohgnma m ngcdr` fàm Nmohÿn pmrm ags madmýha`s y cm`strgs f` gdrm.

=66


Cunhohpmahfmf Fhstrhtma f` Am @nomýmfm Ompmohtmohÿn @iòutmfg

C_h-Eaugr-[rgyòtg Ognlm Ompmohtmohÿn @iòutmfg

@cpr`sm chn`rm Am Ymnim Ompmohtmohÿn

Chnhst`rhg f` @n`rlãm y Chnms - OMT@A@O Ompmohtmohÿn

@n @iòuohÿn

_hf`r [`rù - L`rfmuOmpmohtmohÿnO`rthehomohÿn

@n @iòuohÿn

O`ntrg Iuv`nha f` Fhmlnÿsthog y T`jmdhahtmohÿnVruihaag

Ompmohtmohÿn

@n @iòuohÿn

EGNOG[@_ Ompmohtmohÿn @n @iòuohÿn

@n @iòuohÿn



Ge`rtm `fuomvm[rglrmcm f` omahomohÿn goupmohgnma9 Madmýha`rãm, Hnstmamohgn`s @aèotrhoms `n @fhomohgn`s, Hnstmamohgn`s_mnhtmrhms, @nogermfg `rr`rãm, Ognstruoohgn`s `n sòg frywmaa, `to.

[rglrmcm f` p`reòohgnmch`ntg y `spòhmahzmohÿn

Nhvà Gp`rmvgAòturm f` pamngs f` mrquhtòturm, Aòturm f` pamngs f` `struoturms, C`trmfgs, V ongaglãm fà ognor`tg._` f`smrrgaamrgn ;: s`chnmrhgs9 ;6 n am s`f` o`ntrma y ;6 n am ohufmf f` Ojhcdgt` grh`ntmfgs m trmdmimfgr`sf` am hnfustrhm f` am ognstruoohÿn `n à nhvà gp`rmvg. F` @struoturms shscg r`shst nt`s‟ xp`rh`nohms fàshscg f` [hsog, V ongaglãm fà Ognor`tg, [rgo`fhch`ntgs Ognstruovgs y _`lurhfmf ` jhlh`n` `n gdrm.

=60



Nhvà VèonhogCmnìg f` `quhpgs tgpglríogs, @stmohÿn Vgtma y L[_, msã ogcg, Fhs`ýg

Lríog.

Nhvà [rge`shgnmaMutgomf Díshog, Mutgomf ?F, Mutgomf Amnf F`vàgpc`nt, _=; Ogstgs y[r`supu`stgs, Cs [rgiòt, _M[ 4;;;, @xoà Ehnmnoh`rg, @xoà mpahomfg m amognstruoohÿn y gtrgs.

[rglrmcm f` Egrcmohÿn f` Vèonhogs@n am @souàm _up`rhgr Vèonhom _@NOHOG ahma Vruihaag s` gerò`n ams omrr`rmsf` @fhomohgn`s, Vgpglrmm, Fhs`ýg f` Hnt`rhgr`s, Fhduig f` mrquhtòturm yognstruoohÿn ohvha, Ogcputmohÿn hnegrcíom.

Am L`r`nohm Ygnma _@NOHOG Vruihaag ou`ntm ogn un Amdgrmtgrhg Díshog f`@nsmyg f` Cmt`rhma`s `n suàgs y ognor`tg, fgnf` s` m`nf` am f`cmnfmf` ams `cpr`sms ognstruotgrms, hnstuohgn`s pùdahoms y prge`shgnma`shnf`p`nfh`nt s n su ognfhohÿn f` r`shf`nt`s g sup`rvhsgr`s f` gdrm.

@a amdgrmtgrhg `stm hcpa`c`ntmfg ogn `quhpgs f`dhfmc`nt` omahdrmfgs qu`gerò`n lmrmnm `n ags `nsmygs y gtrms pru`dms ogcg fhs`ýg f` c`zoams,rgturm f` prgd`tms, rgturm f` amfrhaags f` mrohaam, f`nshfmf f` omcpg, prgotgrcgfhomfg, `ntr` gtrms.

@st` `s ognshf`rmfg ogcg sgpgrt` pmrm gerò`r omahfmf `n ams gdrms f` amr`lhÿn. _u pr`slhg s r`spmafmfg pgr am egrcmohÿn qu` ròhd`n ags maucngsf` am omrr`rm f` @fhomohgn`s.

=65



Gtrg nùc`rg hcpgrtmnt` f` `lr`smfgs s` jmn `spòhmahzmfg `n t`cms fògnor`tg y suàgs2 iÿv`n`s qu` jgy f`stmomn `n `cpr`sms ogcg FHNG(Fhstrhduhfgrm Ngrt` [momscmyg) y ]uãchom _uhzm.

@a pgshohgnmch`ntg y rògngohch`ntg f` am hnstuohÿn omfm fãm `s cís vhshda``n am ogcunhfmf `n l`n`rma, `spòhmac`nt` f`ntrg fà sòtgr f` am hnfustrhmf` am ognstruoohÿn f`dhfg ma matg ãnfho` f` hns rohÿn amdgrma f` ags `lr`smfgsf`ntrg f` `st` rudrg.

[gr `st` cgvg, ogn am nmahfmf f` drhnfmr cmygr omahfmf `fuomvm, s` jmhnogrpgrmfg m am hnerm`struoturm motuma un agoma ognlug qu` ou`ntm ogn unír`m f` ?,066.?< c4 y oh`rtms hnstmamohgn`s qu` s`rín mognfhohgnmfms pmrmuahzmrs` `n à mýg 4;=4.

@st` aglrg p`rchrí à f`sp`lu` jmohm à oròhch`ntg f` ams hnstmamohgn`s pmrmgerò`r unm cmygr ge`rtm egrcmvm y gpchzmnfg nu`strgs s`rvhohgs. @a agomas` udhom er`nt` m am mv`nhfm [rgagnlmohÿn Pnhÿn, ag qu` emohahtm am vhshdhahfmfpmrm quh`n`s trmnshtmn jmohm fhstrhtgs ma`fmýgs.

Ch`ntrms tmntg, `n am Pnhfmf Gp`rmvm Omimcmrom s` jm ouachnmfg ogn ào`romfg fà t`rr`ng fgnmfg pgr am Cunhohpmahfmf f` Omimcmrom, udhomfg `nà hcpgrtmnshcg sòtgr ]jmpmo Ýmn. Ogn unm `xt`nshÿn f` 4,0;;.?: c4 s``nou`ntrm `n prgo`sg f` egrcmahzmohÿn f` am prgph`fmf mnt` ags r`lhstrgspùdahogs f` Omimcmrom.

Mquã s` jm `quhpmfg à aulmr ogn =< ogcputmfgrms y `quhpgs tgpglríogs2ch`ntrms qu`, am L`r`nohm Ygnma _@NOHOG Vruihaag jm shfg hcpa`c`ntmfm ogn ===ogcputmfgrms f` ùacm l`n`rmohÿn, j`rrmch`ntms, hnstruc`ntgs y `quhpgspmrm ags tmaa`r`s. M stg s` mlr`lm am ogcprm f` unm omchgn`tm cmrom Ugabswml`nMCMTGZ 6x6 qu` lmrmnzm à f`spamzmch`ntg `n tgfm nu`strm iurhsfhoohÿn ognà n f` oucpahr ogn ams eunohgn`s y r`spgnsmdhahfmf`s mshlnmfms.

@a ogntrmtg ogn _hf`r [`rù‟L`rfmu jm p`rchfg t`n`r cís pr`s`nohm `n amohufmf f` Ojhcdgt` y mt`nf`r am ompmohtmohÿn f` ags trmdmimfgr`s gp`rmvgs,hnoauy`nfg à d`nòhg qu` gtgrlm am O`romohÿn Goupmohgnma m ngcdr` fàm Nmohÿn.

=6<



L@_VHßN [T@_P[P@_VMAL[



Iÿv`n`s stufhmnt`s r`ohdh`nfg ojmram f`aprglrmcm f` omahomohÿn goupmohgnma. Hquhtgs.



=04



FHT@OVGTHG F@ _@F@_ M

NHU@A NMOHGNMAF_



Iÿv`n`s r`ohdh`nfg ompmohtmohÿn lrmtuhtm n oursg f` Hnstmamohgn`s f` lms. [H_OG.



FHT@OVGTHG F@ _@F@_ M

NHU@A NMOHGNMA

YGNMA

Mr`quhpm

Mrq. Iumn Igsè [urhzmom _`rrutg

L`r`nt` YgnmaOmaa` [u`nt` Lrmu N¹ ?40 - Mr`quhpm

;06-4?086<;06-446<0:

Hnl. Gsomr Mad`rtg Vhrmfg Líav`zL`r`nt` YgnmaBc. 6.0 Omrr`t`rm [hc`ntà - Ojhoamyg

;06-4?086<;06-446<0:

Mrq. Fmnhà Emreín Cmrtãn`zL`r`nt` Ygnma

Mv. Vgcmsm Vhttg Ognf`cmytm N¹ 6==\mnojmq - Ousog

;:6-4040?6

;:6-4?45:; Emx

Hnl. I`sùs Tgfrãlu`z T`mýgL`r`nt` YgnmaIr. N`c`shg Tí`z N¹ ?;< - @a Vmcdg

;56-406;;<

Hnl. Iumn Omimojmlum OmsthaagL`r`nt` Ygnma

Mv. Iumn f` Agygam N¹ =6< _ur - Hom

;05-4?0;?0

Hnl. Gswmafg Ihcèn`z _mams L`r`nt` Ygnma (`)[mdag Tgsàa N¹ <6: - <0; - Hquhtgs

;50-5;?5<8;50-44?=4<

Ojhoamyg

Ousog

Jumnomyg

Hom

Hquhtgs

NGCDT@_/OMTLG V@AÈEGNG /EMZ

=0:



YGNMA

[hurm

Hnl. Chluà Ínlà Mavmrmfg Gtgym

L`r`nt` YgnmaMv. Lrmu N¹ =0?0 - [hurm

;<?-?4:<6< Emx;<?-?;64;:

Hnl. _magcÿn Jhamsmom Cmcmnh L`r`nt` YgnmaMv. _hcÿn Dgaãvmr N˙ 800 - [ung

;0=-?0=0?5

Hnl. Cmnuà Emdrhohg D`lmzg Luzcín L`r`nt` YgnmaMv. Cmnuà Oumfrgs N¹ 4?<

Matg Mahmnzm

;04-6404;;;04-?=;5<<

Mrq. Lustmvg Mfgaeg [hnhaags Tgfrãlu`zL`r`nt` Ygnma (`)Mv. Omrags Cgnlu` N¹ 484 - Prd. Ojhcù

;66-4=6645;66-4=<0:; Emx

Hnl. Uãotgr Omnojg Umaf`gsBc. =< [mnmc`rhomnm Ngrt` - Ags Gahvgs

;= 6:0;;?0;= 04?==;;

[ung

Vmonm

Vruihaag

Ahcm - Omaamg

NGCDT@_/OMTLG V@AÈEGNG /EMZ

=08



LMA@TÃML



Oursg Ompmohtmohÿn n Hnstmamohgn`s _mnhtmrhms. HOM.

memoria institucional.pdf

Documents