peajes, tarifas y primas 2012 de las instalaciones del régimen especial (es) / tolls, rates and...

8/2/2019 Peajes, tarifas y primas 2012 de las instalaciones del régimen especial (Es) / Tolls, rates and premiums 2012 of the…

http://slidepdf.com/reader/full/peajes-tarifas-y-primas-2012-de-las-instalaciones-del-regimen-especial-es 1/70

NLBDSMA :>/3;66 IA @F JLA ZDCSA@F [SD[QAZYF IA DSIAL [DS @FVQA ZA AZYFC@AJAL @DZ [AFEAZ

IA FJJAZD F [FSYNS IA 6 IAALASD IA 3;63 ^ @FZ YFSNBFZ ^

[SNMFZ IA @FZ NLZYF@FJNDLAZIA@ SÎHNMAL AZ[AJNF@

37 ia injnamcra ia 3;66



37 ia injnamcra ia 3;66 6

NLBDSMA :>/3;66 IA @F JLA ZDCSA @F [SD[QAZYF IA DSIAL [DS @F VQA ZAAZYFC@AJAL @DZ [AFEAZ IA FJJAZD F [FSYNS IA 6 IA ALASD IA 3;63 ^ @FZ

YFSNBFZ ^ [SNMFZ IA @FZ NLZYF@FJNDLAZ IA@ SÎHNMAL AZ[AJNF@

Al a` aearjnjnd ia `f buljnúl pravnstf al a` fpfrtfid tarjard.6.jufrtf ia `f Inspdsnjnúl finjndlfùliîjnmf ia `f @ay :9/6>>7, ia 8 ia djtucra ia` Zajtdr ia Gnirdjfrcurds, y ia jdlbdrmnifi jdla` Saf` Iajratd 6::>/6>>>, ia :6 eu`nd, pdr a` qua sa fpruacf a` Sah`fmaltd ia `f JdmnsnúlLfjndlf` ia Alarhíf, a` Jdlsaed ia `f Jdmnsnúl Lfjndlf` ia Alarhíf, al su sasnúl ia` iíf 37 iainjnamcra ia 3;66, gf fjdrifid amntnr a` snhunalta

NLBDSMA

; SAZQMAL ^ JDLJ@QZNDLAZ

6. A` iîbnjnt y `f iauif ia` snstamf f :6 ia injnamcra ia 3;66@f bf`tf ia jdlvarhaljnf altra `ds nlhrasds y `ds jdstas ia `fs fjtnvnifias rahu`fifs al `dsõ`tnmds inaz föds gf halarfid ulf iauif jrajnalta ia` snstamf a`îjtrnjd, `d qua gf supuastd ulfumaltd prdhrasnvd ia `ds pfhds pfrf su bnlfljnfjnúl f trfvîs ia `ds pafeas ia fjjasd prasaltasy buturds ia `ds jdlsumnidras ia aàjtrnjnifi, fsí jdmd ul nmpfjtd tampdrf` sdcra aàliauifmnaltd ia fqua``fs amprasfs qua astæl dc`nhfifs f bnlfljnfr a` iîbnjnt ia` snstamf.

3. Asjalfrnd ia pravnsnúl pfrf 3;63 sahõl `f prdpuastf ia Drial F bajgf ia a`fcdrfjnúl ia` prasalta nlbdrma, a` asjalfrnd tfrnbfrnd pfrf 3;63 sa jfrfjtarnzf pdrulf ftdlíf al `f iamflif sahõl `fs pravnsndlas ia` Dparfidr ia` Znstamf raf`nzfifs alinjnamcra ia 3;66, pdr ul fumaltd pravnstd al `ds jdstas ia fjjasd ia` 9,2% raspajtd f` jnarra

astnmfid al 3;66 y pdr ul fumaltd ia `ds pafeas ia fjjasd ia `f prdpuastf ia Drial qua asnlsubnjnalta pfrf jucrnr a` iîbnjnt asparfid pdr aljnmf ia` `ímnta parmntnid. Jfca nlinjfr a` asbuarzdfinjndlf` ia raiujjnúl ia` iîbnjnt ia fjtnvnifias rahu`fifs axnhnid al 3;63 ia 6.1;; M₠ raspajtdf 3;66 (ia :.;;; f 6.1;; M₠) pfrf jump`nr `f salif ia iîbnjnt mæxnmd al jump`nmnaltd ia `fsalif ia jdlvarhaljnf ia iîbnjnt astfcàjnid al f ldrmftnvf vnhalta.

Finjndlf`malta, axnstal aàmaltds ia nljartniumcra raspajtd f `f avdùjnúl y jdmpdsnjnúl ia `fiamflif jdl abajtds sdcra `ds nlhrasds asparfids y raspajtd f ul mfydr jrajnmnaltd iaàsparfid al iatarmnlfifs pfrtnifs ia jdstas (prnmfs ia rîhnmal aspajnf`, bnlfljnfjnúl BFIA, aljufltd f fs fluf`nifias ia` iîbnjnt y jdmpalsfjnúl axtrfpalnlsu`fr).

Al jdlsajualjnf, a` asjalfrnd tfrnbfrnd ia 3;63 sa prasaltf jdmd ul aearjnjnd qua jdl `ds pafeas

ia `f prdpuastf ia Drial as iabnjntfrnd. [dr a``d sa jdlsniarf asaljnf` a` astfcàjnmnaltd iamainifs jdl nmpfjtd nlmainftd al `ds jdstas ia tdifs `fs fjtnvnifias rahu`fifs, al `fprdhrasnvnifi ia fumaltd al `ds pafeas ia fjjasd, fsí jdmd dtrfs pdsncàs mainifs iabnlfljnfjnúl ia jdstas rahu`fids finjndlfàs f ds pafeas ia fjjasd.

:. Lajasnifi ia fp`njfr mainifs pfrf mntnhfr `f salif ia` iîbnjnt ia fjtnvnifias rahu`fifsAstf Jdmnsnúl sa rantarf jdl raspajtd f `f lajasnifi ia nmpàmaltfr ia bdrmf nlmainftf, altradtrfs mainifs, prdpuastfs sdcra `f rahu`fjnúl ia `fs fjtnvnifias, inrnhnifs f a`nmnlfr a` iîbnjntastrujturf` ia` snstamf y f mntnhfr `ds jdstas ia `f bnlfljnfjnúl ia `f iauif.

Al a` prasalta nlbdrma sa saöf`fl mainifs alvnfifs f` Mnlnstarnd ia Nliustrnf, Alarhíf y Yurnsmd(MNAY, fltas Mnlnstarnd ia Nliustrnf, Yurnsmd y Jdmarjnd), sdcra `ds jdstas ia `fs fjtnvnifiasrahu`fifs, jdl `f bnlf`nifi, ia mdiarfr `f salif jrajnalta ia `ds jdstas, y, pdr dtrf pfrta, jdl a`dceatnvd ia prdpdrjndlfr saöfàs ia abnjnaljnf al `f avdùjnúl ia `ds jdstas.




Finjndlf`malta, astf Jdmnsnúl yf gf prdpuastd al inbaraltas nlbdrmas6 ul jdleultd ia mainifs

ra`ftnvfs f` majflnsmd ia bnlfljnfjnúl y jasnúl ia` iîbnjnt tfrnbfrnd. Iacnid f` lnva` ia iauiff`jflzfif pdr a` snstamf, f `ds jdstas ia bnlfljnfjnúl y, al pfrtnju`fr, f `f axparnaljnf ia ul födia `ds jdstas halarfids pdr a` majflnsmd ia tntu`nzfjnúl BFIA, sa jdlsniarf lajasfrnd prdjurfrul aqun`ncrnd altra `fs pfrtas fbajtfifs pdr `f bnlfljnfjnúl ia` iîbnjnt ia` snstamf y pdr `ds jdstasiarnvfids ia su tntu`nzfjnúl.

Zahõl a` asjalfrnd ia nlhrasds y jdstas pfrf 3;63, sa astnmf qua `f fp`njfjnúl ia `fs mainifsjdl iasfrrd``d ldrmftnvd lajasfrnd ia instnltd ílidà y rflhd, y jdl nmpfjtd ajdlúmnjd al a` jdrtdp`fzd (raiujjnúl ia jdstas ia fjtnvnifias rahu`fifs y rapfrtd ia jdstas ia `f bnlfljnfjnúl iaBFIA) parmntnrífl ul fgdrrd fluf` ia jdstas qua mntnhfríf a` asbuarzd lajasfrnd pfrf `dhrfr `fsubnjnaljnf f trfvîs ia `ds pafeas. Ld dcstflta, pfrf f`jflzfr `f subnjnaljnf saríf lajasfrnd

raf`nzfr feustas finjndlfàs ia mfydr jf`fid al `ds jdstas ia `fs fjtnvnifias rahu`fifs y al `dspafeas qua pfhfl `ds jdlsumnidras. Fsnmnsmd, sa pdiríf flf`nzfr `f nltrdiujjnúl ia mainifs iabnlfljnfjnúl ia jdstas ia `fs fjtnvnifias rahu`fifs axtarlfmalta f `ds pafeas ia fjjasd. Alasta saltnid, astf Jdmnsnúl al su Nlbdrma 67/3;66 saöf`ú qua f abajtds ia ftalufr a` nmpfjtdsdcra a` sajtdr a`îjtrnjd ia `f bnlfljnfjnúl ia `fs prnmfs ia rîhnmal aspajnf`, ulf dpjnúl pdsncàpfrf mntnhfr a` iîbnjnt tfrnbfrnd pdiríf jdltamp`fr dtrfs bualtas ia bnlfljnfjnúl finjndlfàs f `dspafeas ia fjjasd ia aàjtrnjnifi, jdl jfrhd f dtrds sajtdras alarhîtnjds d f dtrfs bualtas ianlhrasds, tfàs jdmd `ds nlhrasds halarfids jdl `fs sucfstfs ia `njaljnfs ia amnsnúl ia JD3, fpfrtnr ia 3;6:.

Yf` y jdmd sa saöf`ú al a` Nlbdrma 3>/3;66, talnalid al jualtf a` prdcàmf ia iîbnjnt astrujturf`

vnhalta, a` aàvfid lnva` ia iauif fjumu`fif ia` snstamf y su nmpfjtd sdcra `ds pafeas iafjjasd, sa jdlsniarf lajasfrnd utn`nzfr `fs ravnsndlas trnmastrfàs al `ds pafeas ia fjjasd pfrfjdrrahnr `f salif ia iîbnjnt y f`jflzfr jufltd fltas `f subnjnaljnf, tf` y jdmd astfcàja `fldrmftnvf vnhalta.

9. Dtrfs jdlsniarfjndlas sdcra `f prdpuastf ia DrialAl ra`fjnúl f `ds pafeas ia fjjasd f pfrtnr ia` 6 ia alard ia 3;63, `f prdpuastf ia Drialmfltnala `ds tîrmnlds ia pdtaljnf y alarhíf ia `ds pafeas ia fjjasd ia tdids `ds jdlsumnidrasjdl `f axjapjnúl ia `ds pafeas ia fjjasd ia `ds j`naltas ia cfef talsnúl jdl pdtaljnf jdltrftfifnlbarndr f 6; oX snl insjrnmnlfjnúl gdrfrnf (3.; F) y jdl insjrnmnlfjnúl gdrfrnf al ids parndids(3.; IGF). Al pfrtnju`fr, `ds tîrmnlds ia alarhíf sa nljramaltfl gfstf fcsdrcar `f raiujjnúlrahnstrfif al a` jdsta ia `f alarhíf ia `f YQS jdrraspdlinalta f` prnmar trnmastra ia 3;63, iabdrmf qua `ds prajnds ia `ds tîrmnlds ia pdtaljnf y alarhíf ia `f YQS snl insjrnmnlfjnúl gdrfrnf yjdl insjrnmnlfjnúl gdrfrnf al ids parndids quaifl nlvfrnfcàs.

Astf Jdmnsnúl jdlsniarf qua a` astfcàjnmnaltd ia `ds pafeas ia fjjasd iaca sar nliapalinaltaia `fs vfrnfjndlas ia` jdsta ia `f alarhíf ia `f YQS, tf` y jdmd nlinjú, altra dtrds, al su nlbdrma3>/3;66.

Fsnmnsmd, sa jdlsniarf qua `ds tîrmnlds ia pdtaljnf y alarhíf ia `fs tfrnbfs ia fjjasd iacnarflsar a` rasu`tfid ia fp`njfr ulf matdid`dhíf fsnhlftnvf subnjnalta y abnjnalta ia jdstas, cfsfif alulds jrntarnds dceatnvds, trflspfraltas y ld insjrnmnlftdrnds.

6 Rîflsa Nlbdrma :2/3;;>, Nlbdrma 6;/3;66 a Nlbdrma :7/3;66.



37 ia injnamcra ia 3;66 :

Al ra`fjnúl jdl `ds jdstas ia fjtnvnifias rahu`fifs y dtrfs inspdsnjndlas nljùnifs al `fprdpuastf ia Drial, sa raf`nzfl fs snhunaltas jdlsniarfjndlas

Satrncujnúl ia` trflspdrtaZa prdpdla mdinbnjfr `f ratrncujnúl ia` trflspdrta jdlsniarflid `ds õ`tnmds vf`drasmfjrdajdlúmnjds y ulf vaz jdltrfstfif `f nlbdrmfjnúl ia `fs nlstf`fjndlas jdl `fs Fuintdrnfsprasaltfifs ra`ftnvfs f` aearjnjnd 3;6;.

Satrncujnúl ia `f instrncujnúlZa prdpdla ravnsfr `f ratrncujnúl ia `f instrncujnúl al jdgaraljnf jdl a` nlbdrma ‐[rdpuastf iaratrncujnúl iabnlntnvf pfrf a` föd 3;66 y ia ratrncujnúl prdvnsndlf` pfrf a` föd 3;63 pdr `ffjtnvnifi ia instrncujnúl ia alarhíf a`îjtrnjf ia `fs amprasfs instrncunidrfs sueatfs f`nqunifjndlas jdl fltarndrnifi f` 6 ia alard ia 3;;>”, gf snid fprdcfid pdr a` Jdlsaed ia `fJLA jdl bajgf 36 ia injnamcra ia 3;66.

Dparfidr ia` ZnstamfAstf Jdmnsnúl rantarf `f lajasnifi ia raf`nzfr ul flæ`nsns iatf``fid ia jdstas ia `f fjtnvnifiia dparfjnúl ia` snstamf qua parmntf jf`ju`fr fiajufifmalta a` nmpdrta qua iaca sarbnlfljnfid pdr `ds jdlsumnidras a`îjtrnjds y raf`nzfr ulf prdpuastf bulifmaltfif pfrfjf`ju`fr su ratrncujnúl ia bdrmf futdmætnjf al jfif parndid tfrnbfrnd.

Dparfidr ia` MarjfidZa prdpdla mfltalar `f ratrncujnúl ia` Dparfidr ia Marjfid pfrf 3;63, bnefif al 6:.231mnàs ia aurds.

Fluf`nifias pfrf `f bnlfljnfjnúl ia` iîbnjntZa prdpdla `f mdinbnjfjnúl ia `fs fluf`nifias pfrf `f bnlfljnfjnúl ia` iîbnjnt, talnalid aljualtf a` nmpfjtd ia `f iîjnmf y uliîjnmf amnsndlas ia BFIA, fsí jdmd `f nljdrpdrfjnúl ia

`f fluf`nifi jdrraspdlinalta f` iîbnjnt 3;63. Iasfeusta ia` aearjnjnd 3;66

Ia fjuarid jdl `f ldrmftnvf vnhalta, sa jdlsniarf lajasfrnd nljdrpdrfr al `f Drial jdmdmaedr pravnsnúl ia` iasfeusta ia` aearjnjnd 3;66 a` iîbnjnt rahnstrfid al `f @nqunifjnúl 6;/3;66, eultd jdl `ds nltarasas qua jdrraspdlifl.

A`nmnlfjnúl ia `f prnmf ia rnashdAstf Jdmnsnúl vf`drf pdsntnvfmalta astf mainif, jdnljnialta jdl `f prdpuastf ia `f JLAjdltalnif al a` ‐Nlbdrma ia `f JLA sdcra prdpuastf ia mdinbnjfjnúl ia `f prnmf ia rnashdnljùnif al a` tîrmnld ia` jdsta astnmfid ia `f alarhíf (JA) ia `f tfrnbf ia õ`tnmd rajursdia alarhíf a`îjtrnjf” , fprdcfid pdr a` Jdlsaed ia astf Jdmnsnúl al su sasnúl ia` iíf 6:ia injnamcra ia 3;66 (nlbdrma ia 6: ia injnamcra).

Savnsnúl ia parbnàsZa jdlsniarf qua `f ravnsnúl ia `ds parbnàs, al `d qua f `ds jdlsumnidras tnpd 1 sa rabnara,iacaríf cfsfrsa, bulifmaltf`malta, al `f nlbdrmfjnúl inspdlncà al `ds aqunpds ia mainifnltahrfids al ds snstamfs ia taàhastnúl ia fs amprasfs instrncunidrfs.

[`fl ia sustntujnúl ia jdltfidrasZa prdpdla fia`fltfr a` jfàlifrnd ia` [`fl ia Zustntujnúl ia Jdltfidras.

Finjndlf`malta, sa prdpdla qua, nliapalinaltamalta ia` mdmaltd al qua sa fjtnva `f buljnúlia jdltrd` ia pdtaljnf, ld sa pdiræ bfjturfr lnlhulf jfltnifi al jdljaptd ia f`qunàr ia NJ[trfs `f nlstf`fjnúl ia` aqunpd ia mainif jdl taàmainif y taàhastnúl y ld pdiræ fp`njfrpalf`nzfjnúl al `f bfjturfjnúl ia` tîrmnld ia pdtaljnf, sahõl astfcàja `f Inspdsnjnúl

finjndlf` prnmarf ia `f Drial NYJ/6718/3;;7.




6 FLYAJAIALYAZ

@f @ay 68/3;;8, ia 9 ia eu`nd, qua mdinbnjú `f @ay 19/6>>8, ia 38 ia ldvnamcra, ia` ZajtdrA`îjtrnjd, fifptf injgf @ay f `d inspuastd al `f Inrajtnvf 3;;:/19/JA, ia` [fr`fmaltd Aurdpad yia` Jdlsaed, ia 32 ia eulnd ia 3;;:, sdcra ldrmfs jdmulas pfrf a` marjfid nltarndr ia `faàjtrnjnifi y pdr `f qua sa iardhf `f Inrajtnvf >2/>3/JA.

A` frtíju`d 68.6 ia `f jntfif @ay 19/6>>8 astfcàja qua a` Mnlnstrd ia Nliustrnf, Yurnsmd yJdmarjnd, pravnd fjuarid ia `f Jdmnsnúl Iaàhfif ia` Hdcnarld pfrf Fsultds Ajdlúmnjds,injtfræ `fs inspdsnjndlas lajasfrnfs pfrf a` astfcàjnmnaltd ia `ds pafeas ia fjjasd f `fs raias,qua sa astfcàjaræl al cfsa f `ds jdstas ia `fs fjtnvnifias rahu`fifs ia` snstamf quajdrraspdlifl, nljùyalid altra a``ds `ds jdstas parmflaltas y `ds jdstas ia invarsnbnjfjnúl ysahurnifi ia fcfstajnmnaltd.

A` frtíju`d 8 ia` Saf` Iajratd 971/3;;>, ia : ia fcrn`, pdr a` qua sa rahu`f `f puastf al mfrjgfia` sumnlnstrd ia õ`tnmd rajursd al a` sajtdr ia `f alarhíf a`îjtrnjf, bnef `f matdid`dhíf ia jæ`ju`dy ravnsnúl ia `fs tfrnbfs ia õ`tnmd rajursd, astfcàja qua a` Mnlnstrd ia Nliustrnf, Yurnsmd yJdmarjnd injtfræ `fs inspdsnjndlas lajasfrnfs pfrf `f iatarmnlfjnúl ia `fs tfrnbfs ia õ`tnmdrajursd, bneflid su astrujturf ia bdrmf jdgaralta jdl `f ia `ds pafeas ia fjjasd.

A` Saf` Iajratd 63;3/3;6;, ia 39 ia injnamcra, pdr a` qua sa astfcàjal `ds p`fzds ia ravnsnúl ia`ds pafeas ia fjjasd f `fs raias ia trflspdrta y instrncujnúl ia alarhíf a`îjtrnjf iatarmnlf quasa ravnsfræl fluf`malta. Finjndlf`malta, a` jntfid Saf` Iajratd astfcàja `f pdsncn`nifi iaravnsnúl ia `ds pafeas ia fjjasd trnmastrf`malta juflid axnstfl avaltufàs iasbfsas tampdrfàs,juflid sa prdiuzjfl jfmcnds rahu`ftdrnds qua fbajtal f `ds jdstas y, axjapjndlf`malta, juflidsa prdiuzjfl jnrjulstfljnfs aspajnfàs qua fbajtal f `ds jdstas d pfræmatrds ampàfids al sujæ`ju`d.

A` Saf` Iajratd 376>/6>>7, ia 3: ia injnamcra, pdr a` qua sa rahu`fl `fs fjtnvnifias iatrflspdrta y instrncujnúl ia alarhíf a`îjtrnjf y a` Saf` Iajratd :31/3;;7, ia 3> ia bacrard, pdr a`qua sa astfcàja `f ratrncujnúl ia `f fjtnvnifi ia trflspdrta ia alarhíf a`îjtrnjf pfrfnlstf`fjndlas puastfs al sarvnjnd f pfrtnr ia` 6 ia alard ia 3;;7, iatarmnlfl `f ratrncujnúl ia `ffjtnvnifi ia trflspdrta ia alarhíf a`îjtrnjf.

A` Saf` Iajratd 333/3;;7, ia 61 ia bacrard, pdr a` qua sa astfcàja a` rîhnmal ratrncutnvd ia `ffjtnvnifi ia instrncujnúl ia alarhíf a`îjtrnjf iatarmnlf `f bdrmf ia jæ`ju`d y ravnsnúl ia `fratrncujnúl ia astf fjtnvnifi.

A` Saf` Iajratd 226/3;;8, ia 31 ia mfyd, pdr a` qua sa rahu`f `f fjtnvnifi ia prdiujjnúl iaalarhíf al rîhnmal aspajnf` y a` Saf` Iajratd 6187/3;;7, ia 32 ia saptnamcra, ia ratrncujnúl ia`f fjtnvnifi ia prdiujjnúl ia alarhíf a`îjtrnjf mainflta tajld`dhíf sd`fr bdtdvd`tfnjf pfrfnlstf`fjndlas pdstarndras f `f bajgf `ímnta ia mfltalnmnaltd ia `f ratrncujnúl ia` Saf` Iajratd226/3;;8, ia 31 ia mfyd, pfrf injgf tajld`dhíf, astfcàjal a` majflnsmd ia fjtuf`nzfjnúl ia `fstfrnbfs y prnmfs.

A` Saf` Iajratd-@ay 2/3;;>, ia :; ia fcrn`, pdr a` qua sa fidptfl iatarmnlfifs mainifs al a`sajtdr a`îjtrnjd y sa fpruacf a` cdld sdjnf`, astfcàja, al `f inspdsnjnúl finjndlf` sahulif, qua`fs jdmpalsfjndlas pdr `ds axtrfjdstas ia halarfjnúl ia `ds snstamfs nlsu`fras yaxtrfpalnlsu`fras saræl bnlfljnfifs jdl jfrhd f `ds [rasupuastds Halarfàs ia` Astfid. Iurflta

a` föd 3;;> sa jdmpalsfræ f trfvîs ia `ds [rasupuastds Halarfàs ia` Astfid a` 68% ia` tdtf`,al a` föd 3;6;, a` :9%, al a` föd 3;66, a` 16%, al a` föd 3;63, a` 81% al 3;6: y a` 6;;% f pfrtnria ds aearjnjnds snhunaltas.




@f Inspdsnjnúl finjndlf` vnhîsnmd prnmarf ia `f @ay 19/6>>8, al `f raifjjnúl ifif pdr a` S.I.-@ay2/3;;>, mdinbnjfid pdr a` S.I.-@ay 2/3;6; y a` S.I.-@ay 69/3;6;, iatarmnlú ulf salif pfrf `f

raiujjnúl fluf` ia` iîbnjnt al `fs `nqunifjndlas ia `fs fjtnvnifias rahu`fifs gfstf 3;6:, bajgf fpfrtnr ia `f juf` `ds pafeas ia fjjasd iacaræl sar subnjnaltas. Al pfrtnju`fr, a` S.I-@ay 2/3;6;astfcàjnú qua a` iîbnjnt ia fjtnvnifias rahu`fifs ld pdiræ suparfr iasia 3;;> f 3;63, `ds :.1;;M₠, :.;;; M₠, :.;;; M₠ y 6.1;; M₠, raspajtnvfmalta. Astds ids õ`tnmds umcrfàs buardlfmp`nfids al a` SI-@ay 69/3;6; (iasia 3.;;; f :.;;; M₠ pfrf 3;66 y iasia 6.;;; f 6.1;; M₠pfrf 3;63).

Zahõl a` S.I.-@ay 69/3;6;, tdids astds iîbnjnt halarfræl iarajgds ia jdcrd jdlsnstaltas al aìarajgd f rajncnr ul nmpdrta ia `f bfjturfjnúl malsuf` pdr pafeas ia fjjasd al `ds födssujasnvds gfstf su bfjturfjnúl. @fs jfltnifias fpdrtfifs pdr asta jdljaptd saræl iavua`tfsrajdldjnîlidsa ul tnpd ia nltarîs al jdlinjndlas aqunvfàltas f `fs ia` marjfid, qua sa bnefræ al`f Drial pdr `f qua sa fpruacal `ds pafeas. Fsnmnsmd, astds iîbnjnts pdiræl sar jainids f` Bdlid

ia Yntu`nzfjnúl ia` Iîbnjnt ia` Znstamf A`îjtrnjd (BFIA).

F pfrtnr ia` 6 ia alard ia 3;6:, `ds pafeas ia fjjasd saræl subnjnaltas pfrf sftnsbfjar `f tdtf`nifiia `ds jdstas ia `fs fjtnvnifias rahu`fifs. Ia fjuarid jdl a` S.I.-@ay 69/3;6;, al jfsd ia quaa` iîbnjnt ia `fs `nqunifjndlas suparfsa a` pravnstd al `f jdrraspdlinalta inspdsnjnúl (gfstf 3;6:),d al jfsd ia `f avaltuf` fpfrnjnúl ia iasvnfjndlas trflsntdrnfs pdr iasfeustas al `ds jdstas dnlhrasds rafàs, raspajtd f `ds qua snrvnardl ia cfsa pfrf `f bnefjnúl ia `ds pafeas ia fjjasd (fpfrtnr ia 3;6:), al fmcds jfsds, injgd iasfeusta sa rajdldjaræ ia bdrmf axprasf al `fsinspdsnjndlas pdr `fs qua sa ravnsal `ds pafeas ia fjjasd ia` parídid snhunalta. Zahõl a` S.I.-@ay 69/3;6;, `fs jfltnifias bnlfljnfifs saræl iavua`tfs rajdldjnîlidsa f `fs amprasfsbnlfljnfidrfs ul tnpd ia nltarîs al jdlinjndlas aqunvfàltas f `fs ia` marjfid, qua saræ bnefid al`f jdrraspdlinalta Drial pdr `f qua sa fpruacal `ds pafeas.

A` pultd : ia `f inspdsnjnúl finjndlf` vnhîsnmd prnmarf ia `f @ay 19/6>>8, ia` Zajtdr A`îjtrnjd, alsu raifjjnúl ifif pdr a` S.I.-@ay 69/3;6;, astfcàja qua sn a` nmpdrta ia` iasfeusta tampdrf` ldbuarf jdldjnid al a` mdmaltd ia `f fprdcfjnúl ia `f inspdsnjnúl pdr `f qua sa fpruacfl `dspafeas ia fjjasd ia` parídid snhunalta, al injgf inspdsnjnúl sa rajdldjaræ ia bdrmf axprasf,nljùyalid `ds nltarasas qua puinarfl iavalhfr, `ds nmpdrtas qua, al su jfsd, sa astnmal vfyfl fsar bnlfljnfids. Za gfcn`ntf f `f Inrajjnúl Halarf` ia [d`ítnjf Alarhîtnjf y Mnlfs pfrf mdinbnjfrinjgds nmpdrtas pdr `ds raf`malta bnlfljnfids pdr jfif ulf ia `fs amprasfs, juflid sa inspdlhfia f nlbdrmfjnúl ia f nqunifjnúl 69 ia` aearjnjnd jdrraspdlinalta.

A` SI-@ay 69/3;6; astfcàjnú qua `ds iasfeustas tampdrfàs ia nqunifjndlas ia` snstamf a`îjtrnjdqua sa prdiuzjfl al 3;6;, gfstf ul mæxnmd ia 3.1;; M₠, taliræl `f jdlsniarfjnúl ia iîbnjnt ianlhrasds ia` 3;6;, y pdiræl jaiarsa f` Bdlid ia Yntu`nzfjnúl ia` Iîbnjnt ia` Znstamf A`îjtrnjd(BFIA).

A` 66 ia djtucra ia 3;66 sa puc`njú al a` C.D.A. a` S.I. 6:;8/3;66, qua mdinbnjf a` S.I.9:8/3;6;, ia > ia fcrn`, pdr a` qua sa iasfrrd``f `f rahu`fjnúl ia` prdjasd ia tntu`nzfjnúl ia` iîbnjntia` snstamf a`îjtrnjd. Za astfcàja qua a` nmpdrta ia `f jftahdríf ia iarajgds ia jdcrd ‐Iîbnjnt3;6;” sa varæ nljramaltfid pdr a` iasfeusta tampdrf` ia `fs `nqunifjndlas ia` snstamf a`îjtrnjdqua sa prdiuzjf al 3;6;, qua saræ a` qua rasu`ta al a` nlbdrma ia `f JLA sdcra `ds rasu`tfids ia`f `nqunifjnúl 69 ia 3;6;, gfstf ulf jufltíf mæxnmf ia 3.1;; M₠.

A` 3; ia injnamcra ia 3;66 sa rajncnú al `f Jdmnsnúl Lfjndlf` ia Alarhíf, `f prdpuastf ia Drial

pdr `f qua sa astfcàjal `ds pafeas ia fjjasd f pfrtnr ia 6 ia alard ia 3;63 y `fs tfrnbfs y prnmfsia `fs nlstf`fjndlas ia` rîhnmal aspajnf` eultd jdl `f Mamdrnf axp`njftnvf, f abajtds ia a`fcdrfr a`jdrraspdlinalta nlbdrma prajaptnvd jdl jfræjtar ia urhaljnf. Injgds idjumaltds buardl ramntnidsal asa mnsmd iíf pfrf fàhfjndlas f `ds mnamcrds ia` Jdlsaed Jdlsu`tnvd ia Aàjtrnjnifi.




Za jdlsniarf qua `f prdpuastf ldrmftnvf iacaríf gfcarsa trfs`fifid jdl mfydr flta`fjnúl f astf

Jdmnsnúl pfrf nlbdrma prajaptnvd y f `ds mnamcrds ia` Jdlsaed Jdlsu`tnvd ia Aàjtrnjnifi pfrf `ftrfmntfjnúl jdrraspdlinalta.

Al a` Flaxd RN ia` prasalta nlbdrma sa fieultfl `fs fàhfjndlas rajncnifs pdr asjrntd ia `dsmnamcrds ia` Jdlsaed Jdlsu`tnvd.

3 A@ IÎBNJNY IA @FZ FJYNRNIFIAZ SAHQ@FIFZ ^ @F IAQIF RNRF IA@ZNZYAMF F :6 IA INJNAMCSA IA 3;66

A` snstamf a`îjtrnjd aspföd` rahnstrf ul iîbnjnt astrujturf` ia nlhrasds ia fjtnvnifias rahu`fifs(iîbnjnt tfrnbfrnd) iasia gfja ulf iîjfif, iacnid f qua `ds jdstas qua sa gfl rajdldjnid f `fsinstnltfs fjtnvnifias rahu`fifs gfl snid (y snhual snalid) suparndras f `ds nlhrasds dctalnids jdl`ds prajnds rahu`fids qua pfhfl `ds jdlsumnidras (vîfsa a` Hræbnjd 6).

@f `nqunifjnúl 6;/3;66 frrdef ul iîbnjnt ia fjtnvnifias rahu`fifs ia :.317 M₠, suparndr al 317 M₠f` `ímnta àhf` astfcàjnid pfrf 3;66 (:.;;; M₠). Jfca nlinjfr qua a` iîbnjnt ia fjtnvnifiasrahu`fifs al `f `nqunifjnúl 6;/3;6; fsjalinú f :.279 M₠, 932 M₠ mæs qua al `f `nqunifjnúljdrraspdlinalta ia` prasalta aearjnjnd. @ds nlhrasds pdr pafeas al 3;66 gfl fumaltfid al `f@nqunifjnúl 6;/3;66, al tîrmnlds fjumu`fids, ul 6,79% raspajtd f `f mnsmf `nqunifjnúl ia` födfltarndr, mnaltrfs qua `ds jdstas gfl insmnlunid ul 3%, iarnvfid cæsnjfmalta ia` nmpfjtd ia `fsmainifs ia` SI@ 69/3;6;.




Hræbnjd 6. Avdùjnúl ia `f inbaraljnf altra a` nlhrasd maind y jdsta maind ia fjjasd (₠/MXg) y iaìîbnjnt ia fjtnvnifias rahu`fifs (Mn``dlas ₠)

Bualta5 JLA (@nqunifjnúl iabnlntnvf 3;;2, @nqunifjnúl iabnlntnvf 3;;8, @nqunifjnúl 69/3;;7, @nqunifjnúl69/3;;> y @nqunifjnúl 69/3;6;). [frf `f astnmfjnúl ia` Iîbnjnt ia 3;6; sa gfl jdlsniarfid 1.1;; M₠,nljùyalid :.;;; M₠ al jdljaptd ia iîbnjnt ax flta y a` mæxnmd parmntnid pdr a` SI@ 69/3;6; ia 3.1;; M₠

al jdljaptd ia iasfeusta tampdrf`). [frf 3;66 ([rdvnsndlf`), sa gf jdlsniarfid a` iftd ia `f @nqunifjnúl6;/3;66.

Iasia 3;;2 (õ`tnmd föd al qua `ds pafeas ia fjjasd buardl subnjnaltas) gfstf 3;66, `f bfjturfjnúltdtf` pdr pafeas ia fjjasd fumaltfrdl ul 8:,7% al tîrmnlds fjumu`fids (nljùyalid `ds pafeasf `ds halarfidras), mnaltrfs qua a` fumaltd ia `ds jdstas ia fjjasd bua ul 66;%. @fs traspfrtnifs ia jdstas ia fjjasd mæs snhlnbnjftnvfs al 3;66 buardl `ds jdstas ia raias (raprasaltfrdla` 9;,:%), `fs prnmfs ia rîhnmal aspajnf` (:>,1%) y `fs fluf`nifias pfrf `f bnlfljnfjnúl ia` iîbnjntia `fs fjtnvnifias rahu`fifs (6;,6%). @fs pfrtnifs jdl ulf mfydr jdltrncujnúl f` jrajnmnaltd ia`ds jdstas ia fjjasd buardl `fs prnmfs ia` rîhnmal aspajnf` y `fs fluf`nifias ia` iîbnjnt ianlhrasds, pfrtnifs qua sa gfl mu`tnp`njfid pdr 9,7 y 9,2, raspajtnvfmalta, iasia 3;;2 f 3;66.

;,;

6;,;

3;,;

:;,;

9;,;

1;,;

2;,;

8;,;

7;,;

₠ / M X g

-8.;;;

-2.;;;

-1.;;;

-9.;;;

-:.;;;

-3.;;;

-6.;;;

;

6>>7 6>>> 3;;; 3;;6 3;;3 3;;: 3;;9 3;;1 3;;2 3;;8 3;;7 3;;> 3;6; 3;66([)

M

n ` ` d l a s i a ₠

Iîbnjnt `nqunifjndlasNlhrasd maind Jdsta maind




Hræbnjd 3. Avdùjnúl ia `ds jdstas ia fjjasd (mnàs ₠). 6>>7-3;66 ([)

Bualta5 JLA (@nqunifjndlas iabnlntnvfs 6>>7-3;;8, @nqunifjnúl 69/3;;7, @nqunifjnúl 69/3;;> y @nqunifjnúl69/3;6;). [frf 3;66 ([rdvnsndlf`), sa gf jdlsniarfid `f pravnsnúl ia jnarra (vîfsa apíhrfba :.3).

@f bf`tf ia jdlvarhaljnf altra `ds nlhrasds y `ds jdstas ia `fs fjtnvnifias rahu`fifs al `dsõ`tnmds inaz föds gf halarfid ulf iauif ia` snstamf astnmfif al tdrld f 36.737 M₠ f :6 ia

injnamcra ia 3;66

3

, jnbrf qua suparf al 6,8 vajas `f pravnsnúl ia nlhrasds ia` aearjnjnd

:

. F`huldsabajtds ia `f salif jrajnalta ia iauif ia` snstamf a`îjtrnjd sdl a` fumaltd al `ds pfhds ia subnlfljnfjnúl f trfvîs ia `ds pafeas ia fjjasd prasaltas y buturds ia `ds jdlsumnidras iaaàjtrnjnifi y a` nmpfjtd tampdrf` sdcra a` aliauifmnaltd ia fqua``fs amprasfs qua astældc`nhfifs f bnlfljnfr a` iîbnjnt ia` snstamf.

Al a` snhunalta jufird sa muastrf `f iauif astnmfif ia` snstamf f :6 ia injnamcra ia 3;66,iash`dsfif pdr jftahdrífs ia iîbnjnt y tntu`fras ia `ds iarajgds ia jdcrd ia` snstamf. Jfca nlinjfrqua, ia` tdtf` ia `f iauif ia` snstamf, a` :>,1% sdl iarajgds ia jdcrd ia `fs amprasfs a`îjtrnjfs(nljùyalid a` iîbnjnt ax flta ia 3;66 qua fsjnalia f :.;;; M₠ y a` iasfeusta ia 3;6; quafsjnalia f 3.:3: M₠, astd as, 3.1;; M₠ malds `f fluf`nifi pfhfif al 3;6; f `fs amprasfsa`îjtrnjfs, mæs `ds nltarasas halarfids al 3;66), a` 9:,8% jdrraspdlia f BFIA y a` 62,7% astæ

jainid f tarjards.

3 Ld nljùya `ds 6.1;; M₠ ia iîbnjnt 3;63: F :6 ia injnamcra ia 3;;:, prnmar föd al qua sa rajdldja `f axnstaljnf ia` iîbnjnt, `f iauif raprasaltfcfa` 3:% ia `ds nlhrasds pdr tfrnbfs ia fjjasd. F :6 ia injnamcra ia 3;;8, trfs `f nltrdiujjnúl ia` iîbnjnt axflta, `f iauif raprasaltfcf a` 632% ia `ds nlhrasds ia fjjasd.

;

3.;;;.;;;

9.;;;.;;;

2.;;;.;;;

7.;;;.;;;

6;.;;;.;;;

63.;;;.;;;

69.;;;.;;;

62.;;;.;;;

67.;;;.;;;

3;.;;;.;;;

6 > > 7

6 > > >

3 ; ; ;

3 ; ; 6

3 ; ; 3

3 ; ; :

3 ; ; 9

3 ; ; 1

3 ; ; 2

3 ; ; 8

3 ; ; 7

3 ; ; >

3 ; 6 ;

3 ; 6 6 (

[ )

m n ` a s i a a u r d s

Dtrds jdstas ia fjjasd

Fluf`nifias iîbnjnt fjtnvnifias rahu`fifs

JYJ¹s/A@JDHÆZ f pfrtnr 3;;8

Jdmpalsfjnúl axtrfpalnlsu`fr

Jdstas [armflaltas (JLA, DZ y DMA@)

[`fl ia fgdrrd y abnjnaljnf alarhîtnjf

[rnmf SA

Zarvnjnd Nltarrumpncn`nifi

Jdstas IZF (Judtfs)

Instrncujnúl y Hastnúl Jdmarjnf`

Yrflspdrta



37 ia injnamcra ia 3;66 >

Jufird 6. Iauif astnmfif ia` snstamf f :6 ia injnamcra ia 3;66, iash`dsfid pdr tnpd`dhíf iatntu`fras ia iarajgds ia jdcrd bralta f` snstamf a`îjtrnjd (mnàs ia ₠)

Bualtas5 Ldrmftnvfs pdr `fs qua sa rajdldja a` iîbnjnt ia nlhrasds al `fs fjtnvnifias rahu`fifs y JLA

Jfca nlinjfr qua fulqua a` Saf` Iajratd-@ay 2/3;;> iatarmnlú ulf salif qua `nmntf fluf`maltaa` iîbnjnt ia fjtnvnifias rahu`fifs gfstf su a`nmnlfjnúl al 3;6:, a` iîbnjnt fjumu`fid pdr aljnmfia `ds `ímntas astfcàjnids iasia `f fprdcfjnúl ia injgf ldrmftnvf, tfltd al 3;;> jdmd al 3;6;,bua rajdldjnid jdmd luavd iîbnjnt tntu`nzfcà f trfvîs ia BFIA, jdl a` jdlsnhunalta nljramaltd ia`f iauif ia` snstamf.

Ldrmf Bajgfrajdldjnmnaltd

Rf`dr cfsa f :6 ia

injnamcra ia` födjdrraspdlinalta

(Mnàs ₠)

Nmpdrta palinaltaf :6/63/3;66(mnàs ₠)

Ydtf` iauif pdr talaidras ia iarajgds ia jdcrd bral ta f` snstam f 36.737.:18

Jainid f tarjards 1.;89.77: :.226.2;9

Iîbnjnt palnlsu`fr 3;;1 Drial NYJ/3::9/3;;8 :; ia eulnd ia 3;;2 :.7:;.998 3.26>.618

Iîbnjnt ax fltaDrial NYJ/2>9/3;;7 y

Sasdùjnúl 63 ia eulnd ia 3;;763 ia eulnd ia 3;;7 6.399.9:2 6.;93.998

Amprasfs a`îjtrnjfs 3;.9:9.8>3 7.232.22:

Axtrfpalnlsu`fr 3;;:-3;;1 Drial NYJ/:72;/3;;8 3 ia djtucra ia 3;;8 1::.9;> :21.8;:

Iîbnjnt axtrfpalnlsu`fr 3;;2 :6 ia injnamcra 3;;2 278.;98 28>.737

Iîbnjnt axtrfpalnlsu`fr 3;;8 :6 ia injnamcra 3;;8 ::6.;16 -

Iîbnjnt axtrfpalnlsu`fr 3;;7 :6 ia injnamcra 3;;7 928.337 -

Iîbnjnt palnlsu`fr 3;;2 Saf` Iaj ratd 971/3;;> :6 ia injnamcra 3;;2 3.38>.>9; 6.181.>73

Iîbnjnt palnlsu`fr 3;;7 Saf` Iajratd 9:8/3;6; :6 ia injnamcra 3;;7 9.6:2.667 282.:83

Iîbnjnt 3;;> :6 ia injnamcra 3;;> :.1;;.;;; 8.81>

Iîbnjnt 3;6; :6 ia injnamcra 3;6; 1.1;;.;;; 3.:36.;6>

Iîbnjnt 3;66 :6 ia injnamcra 3;66 :.;;;.;;; :.;;;.;;;

BFIA >.19;.;>;

Sasdùjnúl ia `f IH[A^M, ia :ia injnamcra ia 3;;>, pdr `f qua

sa iatarmnlf `f ravnsnúl iabnlntnvf

ia `ds jdstas aspajíbnjds

iastnlfids f `f jdmpalsfjnúl ia

`ds snstamfs nlsu`fras y

axtrfpalnlsu`fras

jdrraspdlinaltas f `ds aearjnjnds

SI-@ay 2/3;6; y Drial ia tfrnbfs

ia` aearjnjnd jdrraspdlinalta



37 ia injnamcra ia 3;66 6;

Hræbnjd :. Zalif àhf` ia` iîbnjnt ia fjtnvnifias rahu`fifs 3;;>-3;6: y iîbnjnt `nqunifid (mn``dlas ₠) al 3;;>,

3;6; y @nqunifjnúl 6;/3;66

Bualta5 JLA y SI@ 2/3;;> y 69/3;6;5(6) Iîbnjnt raf` 3;;>5 @nq 69/3;;> ‚ Iavdùjnúl JD35 9.:;; mn``dlas ₠(3) Iîbnjnt raf` 3;6;5 @nq 69/3;6;5 1.119 mn``dlas ₠(:) Iîbnjnt raf` 3;66 (gfstf õ`tnmf `nqunifjnúl)5 @nq 6;/3;665 :.317 mn``dlas ₠

Al ra`fjnúl f `ds pafeas ia fjjasd, a` snhunalta jufird muastrf qua `fs ravnsndlas ia pafeas trfs`f nltrdiujjnúl ia` iîbnjnt ax flta al 3;;8 sa aljfmnlfrdl f raiujnr a` inbaraljnf` altra `ds jdstasa nlhrasds ia` snstamf. Znl amcfrhd, `f avdùjnúl ia `ds pafeas pfrf `f jdlvarhaljnf ia nlhrasdsy jdstas sa mdinbnjú al eu`nd ia 3;6;, al tfltd `fs vfrnfjndlas ia `ds pafeas sa gfl ra`fjndlfidjdl a` rasu`tfid ia `fs ravnsndlas trnmastrfàs ia` jdmpdlalta ia alarhíf ia `f YQS. Jfcasaöf`fr a` inbaralta asbuarzd axnhnid al `ds pafeas ia `ds instnltds hrupds ia jdlsumnidras. Fsí,`ds jdlsumnidras ia muy f`tf talsnúl rahnstrfrdl al a` parndid 3;;2-3;66 ulf insmnlujnúl ia suspafeas al tîrmnlds ldmnlfàs fjumu`fids ia` 68%, mnaltrfs qua `ds pafeas ia `ds jdlsumnidrasia mainf y cfef talsnúl fumaltfrdl al tîrmnlds fjumu`fids ul >6% y :>%, raspajtnvfmalta.

9.:;;

1.119

:.317

;

6.;;;

3.;;;

:.;;;

9.;;;

1.;;;

2.;;;

3;;> (6) 3;6; (3) 3;66 (:) 3;63 ([) 3;6:

M ₠

Nljramaltd SI-@ay 69/3;6;

@ímnta SI-@ay 2/3;;>

Iîbnjnt raf`




Jufird 3. Rfrnfjnúl (%) ia `ds pafeas ia fjjasd iasia 3;;2 gfstf djtucra ia 3;66, jdlsniarflid aàsjalfrnd ia iamflif pravnstd pfrf 3;66 bned pfrf tdid a` parndid flf`nzfid. Abajtd prajnd.

Bualta5 Úrialas pdr `fs qua astfcàjal `ds pafeas a`îjtrnjfsLdtf5 [uastd qua `f iamflif jdlsniarfif jdrraspdlia f` föd 3;66 y sa mfltnala bnef iurflta tdid a`parndid 3;;2-3;66, asta jufird muastrf õlnjfmalta a` abajtd-prajnd ia `fs vfrnfjndlas ia `ds pafeas iafjjasd. Ld rabàef, pdr tfltd, `f vfrnfjnúl al `ds nlhrasds pdr pafeas ia fjjasd (yf qua îstf nljùnríffiamæs ia` abajtd-prajnd, a` abajtd-jfltnifi (vfrnfjndlas ia `f iamflif al a` parndid jdlsniarfid) y aàbajtd-jdmpdsnjnúl (vfrnfjndlas al `f instrncujnúl ia `f iamflif al `ds instnltds hrupds tfrnbfrnds al a`parndid jdlsniarfid).

Jfca nlinjfr qua `fs ravnsndlas ia `ds pafeas nljùnifs al `fs prdpuastfs ia Drial gfl snidinbaraltas f fs bnlf`malta puc`njfifs.

Al pfrtnju`fr, ia gfcarsa fp`njfid `ds pafeas ia fjjasd jdltalnids al `f prdpuastf ia Drial ia eu`nd ia 3;6;, a` iîbnjnt ia fjtnvnifias rahu`fifs ia injgd aearjnjnd sa gucnarf raiujnid al 167 M₠,jdl a` jdlsnhunalta nmpfjtd al `ds jdstas a nlhrasds ia` aearjnjnd 3;66 y snhunaltas. Injgfsvfrnfjndlas al `ds pafeas ia fjjasd jdmpalsfrdl `ds fumaltds ia` jdsta ia alarhíf ia `dsjdlsumnidras fjdhnids f `f YQS. Finjndlf`malta, ia gfcarsa fp`njfid `fs vfrnfjndlas pravnstfsal `fs sujasnvfs prdpuastfs ia Úrialas qua ravnsfl `ds pafeas iurflta a` aearjnjnd 3;66, `dsnlhrasds ia fjjasd (69.8:2 M₠) gfcrífl fumaltfid al 6.289 M₠ raspajtd `ds nlhrasds pravnstdsia fp`njfr `ds pafeas jdl `f ldrmftnvf vnhalta (6:.;23 M₠). Jdlsajualtamalta, a` fumaltd

lajasfrnd al `ds pafeas ia 3;63 pfrf dctalar `f subnjnaljnf saríf nlbarndr f` fjtuf`malta axnhnidiacnid f qua, pdr ulf pfrta, sa pfrtnríf ia ul lnva` ia pafeas ia fjjasd suparndr y, pdr dtrf pfrta,`ds jdstas ia fjjasd sarífl nlbarndras f` talar qua bnlfljnfr al 3;63 ul nmpdrta maldr pdr aìasfeusta ia 3;66.

Ia fjuarid jdl `f nlbdrmfjnúl jdltalnif al `f prdpuastf ia Drial y Mamdrnf qua fjdmpföf, `dsnlhrasds `nqunifcàs ia 3;63 (astd as, jdlsniarflid a` sfìd ia `ds pfhds pdr jfpfjnifi) sdlnlsubnjnaltas pfrf jucrnr `ds jdstas ia fjjasd astnmfids malds a` `ímnta ia` iîbnjnt àhf` parmntnid.Jdmd sa dcsarvf al a` hræbnjd snhunalta, cfed ul asjalfrnd taúrnjd qua gucnarf jdlsniarfid `fsalif ia pafeas ia `fs prdpuastfs ia Úrialas nlbdrmfifs pdr `f JLA, a` fumaltd lajasfrnd al`ds pafeas pfrf 3;63 saríf nlbarndr f` fjtuf`malta lajasfrnd, pfrf jump`nr jdl a` `ímnta àhf` iaiîbnjnt. Al jdlsajualjnf, sa nlsnsta al `f lajasnifi tfltd ia nmpàmaltfr mainifs sdcra `dsjdstas jdmd ia ampàfr `fs ravnsndlas trnmastrfàs ia `ds pafeas ia fjjasd pfrf f`jflzfr `fsubnjnaljnf y jdrrahnr prdhrasnvfmalta f salif ia iîbnjnt.

Yfrnbf 3;;2/3;;1 3;;8/3;;2 3;;7/3;;8 Alard 3;;> /Alard 3;;7 Eu`nd 3;;> /Alard 3;;> Alard 3;6; /Eu`nd 3;;> Eu`nd 3;6; /Alard 3;6; Alard 3;66 /Eu`nd 3;6; Fcrn` 3;66 /Alard 3;66

Djtucra

3;66 /fcrn`3;66

Fjumu`fid5

3;;2-djt3;66

YFSNBFZ IA CFEF YALZNDL :,9% -6,2% -66,6% 32,;% 69,:% 63,;% -3,6% ;,;% >,6% -8,8% :>,6%

3.; F ([j ≩ 6; oX) 9,3% 9,;% -61,9% ::,1% 68,3% 7,>% -:,;% ;,;% 6;,2% -66,9% 93,8%

3.6 F (6;0 [j ≩ 61 oX) 61,7% 9,1% -62,>% :2,2% 3:,1% 33,;% ;,;% ;,;% 8,;% ;,;% >6,3%

3.; IGF ([j ≩ 6; oX) -7,3% -61,3% -68,1% 69,:% 3:,;% >,6% -1,9% ;,;% 6,1% -69,>% -63,9%

3.6 IGF (6;0 [j ≩ 61 oX) 6,>% -67,2% -67,2% 63,8% 38,1% 33,;% ;,;% ;,;% 8,;% ;,;% 39,:%

:.; F ( [j < 61 oX) 6,>% -6;,>% :,;% 6;,8% 3,1% 68,8% ;,;% ;,;% 8,;% ;,;% :6,3%

YFSNBFZ IA F@YF YALZNDL 3,2% -36,3% 3,6% 33,9% :;,;% 33,;% ;,;% ;,;% 3,;% ;,;% 1>,3%

:.6 F ( 6 oR f :2 oR) 3,7% -3,3% 3,2% :6,;% :;,;% 67,:% ;,;% ;,;% 3,;% ;,;% 6;2,6%

2.6 (6 oR f :2 oR) 3,7% -6:,6% 9,1% 36,>% :;,;% 32,6% ;,;% ;,;% 3,;% ;,;% 71,;%

2.3 ( :2 oR f 83,1 oR) 6,>% -9;,1% 3,6% 63,7% :;,;% 39,8% ;,;% ;,;% 3,;% ;,;% 6:,:%

2.: ( 83,1 oR f 691 oR ) 6,>% -92,6% -:,1% 6;,7% :;,;% 3:,2% ;,;% ;,;% 3,;% ;,;% -1,1%

2.9 ( Mfydr d nhuf` f 691 oR) 6,>% -19,;% -63,3% 6;,1% :;,;% ;,;% ;,;% ;,;% 3,;% ;,;% -9;,7%

YDYF@ :,3% -2,9% -7,9% 31,6% 68,7% 69,1% -6,1% ;,;% 8,3% -1,7% 99,;%




Hræbnjd 9. Avdùjnúl trnmastrf` ia `f bfjturfjnúl mainf pdr pafeas ia fjjasd sahõl `fs úrialas pdr`fs qua sa fjtuf`nzfl `ds pafeas ia fjjasd ia aàjtrnjnifi y `fs prdpuastfs ia Úrialas nlbdrmfifs

pdr `f JLA (6ar trnmastra ia 3;66-6ar trnmastra ia 3;63). Jdmpfrfjnúl jdl a` nlhrasd maindlajasfrnd pfrf 3;63 f abajtds ia jump`nr a` `ímnta àhf` ia iîbnjnt.

Bualtas5 Úrialas pdr `fs qua astfcàjal `ds pafeas ia aàjtrnjnifi, prdpuastfs ia Úrialas y JLA(*) Nlhrasd maind ia fjjasd (nljùyalid dtrds nlhrasds ia fjjasd y suparævnt ia pfhds pdr jfpfjnifi),sahõl `f mamdrnf qua fjdmpföf f `f prdpuastf ia Drial

Jfca saöf`fr qua, sn al ùhfr ia nljramaltfr `ds pfhds pdr jfpfjnifi ul 83% f pfrtnr ia` 6 alardia 3;66, sa gucnarfl fumaltfid `ds pafeas, a` nmpfjtd sdcra `ds jdlsumnidras gucnarf snidniîltnjd y `ds fumaltds lajasfrnds al `ds pafeas ia fjjasd al `fs sujasnvfs ravnsndlastrnmastrfàs gucnarf snid nlbarndr f` fjtuf`, tf` y jdmd sa saöf`ú al a` Nlbdrma :>/3;6; ia astfJdmnsnúl.

[dr õ`tnmd, al ra`fjnúl jdl `fs inbaraljnfs altra `fs prdpuastfs ia Úrialas pdr `fs qua sa ravnsfl`ds pafeas y `ds pafeas bnlf`malta puc`njfids al a` CDA, sa fivnarta ia qua `f Zaltaljnf ia`Yrnculf` Zupramd ia 67 ia djtucra ia 3;66 gf iaj`frfid lu`d frtíju`d 6 ia `f DrialNYJ/68:3/3;6;, ia 37 ia eulnd, eustnbnjælidsa, altra dtrds fspajtds, pdrqua `f mdinbnjfjnúlnltrdiujnif raspajtd ia `f prdpuastf ia Drial ia jfræjtar tfl sustfljnf` ld bua dceatd ia luavdnlbdrma ia `f Jdmnsnúl Lfjndlf` ia Alarhíf, talnalid al jualtf qua `ds jfmcnds nltrdiujnidsraspajtd ia `f prdpuastf ld raspdlial ln f` nlbdrma ia `f JLA ln f` træmnta ia fàhfjndlas.

Fsnmnsmd, rasu`tf lajasfrnd saöf`fr qua ids Futds ia `f Zf`f ia `d Jdltaljndsd-Fimnlnstrftnvdia` Yrnculf` Zupramd ia 3; ia injnamcra ia 3;66 gfl suspalinid `f abnjfjnf ia` frtíju`d 6fpfrtfid 3 ia `f Drial NYJ/3171/3;66, ia 3> ia saptnamcra, ia ravnsnúl ia pafeas f pfrtnr ia 6ia djtucra ia 3;66, al `f mainif qua inspdla, pdr rabaraljnf f` prnmar fpfrtfid ia su flaxd N, `f

raiujjnúl ia `ds tîrmnlds ia bfjturfjnúl ia alarhíf fjtnvf fp`njfcà f `ds pafeas 3.;F y 3.;IGF,raspajtd ia `ds fltarndrmalta bnefids, pdr frhumaltds sustfljnf`malta jdnljnialtas jdl `ds fquí

9,7:

1,67 1,67

9,71

1,:3

1,7; 1,7; 1,7;

1,13 (*)

2,39

9,;;

9,1;

1,;;

1,1;

2,;;

2,1;

6Y3;66 3Y3;66 :Y3;66 9Y3;66 6Y3;63

j ₠ / o X g

Zalif ldrmftnvf vnhalta

Zalif prdpuastfs ia Úrialas

Nlhrasd maind lajasfrnd pfrf jump`nr `ímnta ia iîbnjnt

8,3%;,;%

-1,7%

>,;%

;,;% ;,;%

1,>% 1,69



37 ia injnamcra ia 3;66 6:

rajdhnids sdcra `fs jdlsajualjnfs ia `f nlsubnjnaljnf ia nlhrasds `nqunifcàs pfrf `f jdcarturf iajdstas ia fjjasd astnmfids malds a` `ímnta ia` iîbnjnt àhf` parmntnid.”

: AZJALFSND IA [SARNZNÚL IA NLHSAZDZ [DS [AFEAZ IA FJJAZD ^ IAJDZYAZ IA @FZ FJYNRNIFIAZ SAHQ@FIFZ [FSF 3;63 ZAHÕL @F[SD[QAZYF IA DSIAL

Za flf`nzfl `fs pravnsndlas ia nlhrasds y jdstas ia `fs fjtnvnifias rahu`fifs pfrf 3;63 sahõl `fprdpuastf ia Drial y `f maedr nlbdrmfjnúl inspdlncà pdr astf Jdmnsnúl al a` mdmaltd iaa`fcdrfjnúl ia` prasalta nlbdrma.

:.6 [ravns ndlas ia iamfli f al cfrrfs ia jaltrf` y al jdl sum d

@f iamflif sahõl a` Dparfidr ia` Znstamf sa mfltaliræ al 3;63 raspajtd f 3;66

@fs iamflifs pravnstfs al c.j. pfrf a` jnarra ia` aearjnjnd 3;66 y 3;63 ia `f prdpuastf ia Drial,sahõl `f Mamdrnf qua `f fjdmpföf, jdnljnial jdl `fs ramntnifs pdr `f JLA a` pfsfid 6: iadjtucra, jdgaraltas jdl `f pravnsnúl ia` Dparfidr ia` Znstamf (DZ) ia saptnamcra ia 3;66. Lddcstflta, tf` y jdmd sa nlinjú al a` nlbdrma ramntnid f` MNAY sa gfl fjtuf`nzfid `fs pravnsndlas iaiamflif al cfrrfs ia jaltrf` lfjndlf` y al jdlsumd pfrf a` jnarra ia 3;66 y pfrf 3;63, sahõl `fõ`tnmf nlbdrmfjnúl prdpdrjndlfif pdr a` DZ a` pfsfid 1 ia injnamcra ia 3;66. Astfs astnmfjndlassa jdrraspdlial jdl ulf pravnsnúl ia iamflif al jdlsumd nlbarndr f `f nljùnif al `f Mamdrnfqua fjdmpföf f `f prdpuastf ia Drial.

Al a` Jufird : sa prasaltf `f iamflif al jdlsumd pravnstf pfrf a` jnarra ia` föd 3;66,iasfhrahfif pdr hrupd tfrnbfrnd, y `f iamflif al jdlsumd pravnstf pfrf 3;63, sahõl `fprdpuastf ia Drial y ia fjuarid jdl `f õ`tnmf fjtuf`nzfjnúl raf`nzfif pdr a` DZ al injnamcra ia3;66 pfrf `f iamflif al c.j. (vîfsa a` Flaxd N). Zahõl injgd asjalfrnd, `f iamflif aljdlsumd pravnstf pfrf a` föd 3;63 fsjnalia f 39>.:6> HXg, jnbrf ul ;,6% suparndr f `fiamflif al jdlsumd pravnstf pfrf a` jnarra ia` föd 3;66.




Jufird :. [ravnsnúl ia iamflif al jdlsumd fjtuf`nzfif pfrf a` jnarra ia` föd 3;66 y 3;63iasfhrahfif pdr hrupd tfrnbfrnd (HXg)

Bualtas5 JLA, DZ.Ldtfs5(6) Nltahrf `ds pafeas 3.; F, 3.; IGF y 3.; IGZ fp`njfcàs f j`naltas ia cfef talsnúl jdl pdtaljnf

jdltrftfif nlbarndr f 6; oX.(3) Nltahrf `ds pafeas 3.6 F, 36; IGF y 3.6 IGZ fp`njfcàs f j`naltas ia cfef talsnúl jdl pdtaljnf

jdltrftfif jdmpralinif altra 6; oX y 61 oX.(:) [afea :.; F, ia fp`njfjnúl f j`naltas ia cfef talsnúl jdl pdtaljnf jdltrftfif suparndr f 61 oX.

Yalnalid al jualtf a` aàvfid hrfid ia nljartniumcra sdcra `f avdùjnúl ia `f iamflif y suiasfhrahfjnúl pdr tnpd`dhíf ia jdlsumnidras, sa nljùyal al a` prasalta nlbdrma fmcdsasjalfrnds pfrf 3;63, a` ia `f prdpuastf ia Drial (319.7:9 HXg) y `f fjtuf`nzfjnúl f injnamcra(39>.:6> HXg), fjdria asta õ`tnmd jdl `f õ`tnmf pravnsnúl ia` DZ.

:.3 @ds jdstas ia fjjasd ia f prdp uastf ia Drial

Al a` Jufird 9 sa jdmpfrfl `ds jdstas ia fjjasd ia 3;66 (pravnstds pfrf a` jnarra ia 3;66,talnalid al jualtf `f Drial NYJ/::1:/3;6;, Drial NYJ/277/3;66, Drial NYJ/6;27/3;66 y DrialNYJ/3171/3;66 pfrf 3;66) y `ds jdstas pravnstds al `f prdpuastf ia Drial pfrf 3;63. @ds jdstaspravnstds al `f prdpuastf ia Drial pfrf 3;63 fsjnalial f 68.1>7 M₠9, jnbrf qua suparf al 876M₠ f `ds jdstas pravnstds pfrf a` jnarra ia` aearjnjnd 3;66. Al iabnlntnvf, 3;63 sa prasaltf jdmd ulasjalfrnd ia pravnsnúl al a` qua `f iamflif sa mfltnala jdlstflta, sahõl `f õ`tnmf nlbdrmfjnúlia` Dparfidr ia` Znstamf y `ds jdstas ia fjjasd fumaltfl ul 9,2% al tîrmnlds flufàs,talnalid al jualtf qua sahõl a` SI@ 2/3;;> `f jdmpalsfjnúl axtrfpalnlsu`fr saræ bnlfljnfif al

9 Axnsta ulf nljdlsnstaljnf altra `f ratrncujnúl f `f instrncujnúl y hastnúl jdmarjnf` ia `f prdpuastf ia Drialy `f qua bnhurf al a` asjflif``d ia jdstas ia `f Mamdrnf qua fjdmpföf f `f prdpuastf ia Drial. Za gfjdlsniarfid `f qua bnhurf al `f prdpuastf ia Drial.

[rdpuastf ia Drial Fjtuf`nzfjnúl injnamcra

[afea Jnarra 3;66 3;63% vfrnfjnúl

3;63 sdcra 3;66Jnarra 3;66 3;63

% vfrnfjnúl3;63 sdcra 3;66

CFEF YALZNÚL 631.;;7 632.323 6,;% 63:.28> 63:.16; -;,6%

[j ≩ 6; oX 81.:39 82.;6: ;,>% 89.>:6 81.;39 ;,6%

6; oX 0 [j ≩ 61 oX 6;.7>: 6;.>21 ;,8% 6;.289 6;.866 ;,:%

[j < 61 oX :7.8>6 :>.37: 6,:% :7.;89 :8.889 -;,7%

:.; F :7.8>6 :>.37: 6,:% :7.;89 :8.889 -;,7%

MAINF YALZNÚL 81.:99 82.738 3,;% 81.332 81.3>8 ;,6%

:.6 F 62.79: 68.;69 6,;% 62.8:1 62.2;7 -;,7%

2.6 17.1;6 1>.76: 3,3% 17.9>6 17.27> ;,:%

F @YF YALZNÚL 1;.178 16.891 3,:% 1;.39> 1;.163 ;,1%

2.3 62.696 62.992 6,>% 62.12; 62.:>> -6,;%

2.: 7.896 >.;16 :,1% 7.:89 7.:6> -;,8%

2.9 31.8;1 32.397 3,6% 31.:61 31.8>9 6,>%

YDYF@ IAMFLIF AL

JDLZQMD 31;.>:> 319.7:9 6,2% 39>.611 39>.:6> ;,6%




ul 81% pdr `ds [HA. Jfca nlinjfr qua sn ld buarf fsí, `ds jdstas ia fjjasd fumaltfrífl ul6:,:%.

@fs pfrtnifs ia jdstas ia fjjasd qua axparnmaltfl mfydras fumaltds al 3;63 raspajtd f` jnarraia 3;66, sahõl `f prdpuastf ia Drial, sdl `fs fluf`nifias ia` iîbnjnt ia fjtnvnifias rahu`fifs(37,2%), eustnbnjfid pdr `f nljdrpdrfjnúl ia ids luavfs fluf`nifias (iasfeusta 3;6; y iîbnjnt3;66)? `f ratrncujnúl f` trflspdrta (69,8%) iacnid f `f nljdrpdrfjnúl ia` jdsta ia` jfcà iaCfàfras y `fs prnmfs ia` rîhnmal aspajnf` (2,3%). Al tîrmnlds fcsdùtds, ia `ds 87; M₠ mæs iajdstas ia fjjasd raspajtd f 3;66, 972 M₠ jdrraspdlial f` fumaltd ia `fs fluf`nifias pfrf `fbnlfljnfjnúl ia` iîbnjnt, 963 M₠ f `fs prnmfs ia` rîhnmal aspajnf` y 331 M₠ f `f ratrncujnúl f`trflspdrta, raspajtd f dtrfs pfrtnifs ia jdstas qua insmnluyal, tfàs jdmd `f jdmpalsfjnúlaxtrfpalnlsu`fr, altra dtrfs (-389,1 M₠).




Jufird 9. Jdmpfrfjnúl ia `ds jdstas ia fjjasd pravnstds pdr a` MNYJ pfrf 3;66 (DrialNYJ/::1:/3;6;, Drial NYJ/277/3;66, Drial NYJ/6;27/3;66 y Drial NYJ/3171/3;66) y al `f prdpuastf ia

Drial pfrf 3;63

Bualtas5 JLA, Drial NYJ/::1:/3;6;, Drial NYJ/277/3;66, Drial NYJ/6;27/3;66 y Drial NYJ/3171/3;66pdr `fs qua sa ravnsfl `ds pafeas iurflta 3;66, prdpuastf ia Drial ia pafeas 3;63 y Mamdrnf qua `ffjdmpföf.

Jdsta ia fjjasd (Mnàs ₠)

[ravnsnúl @nqunifjnúl69/3;66

(Drial NYJ/::1:/3;6;+ Drial NYJ/277/3;66

+ Drial NYJ/6;27/3;66+ Drial

NYJ/3171/3;66)(F)

[ravnsnúl 3;63[rdpuastf ia Drial

(C)

Inbaraljnf(C) - (F)

% vfrnfjnúl(C) sdcra (F)

Yrflspd rta 6.1:9.932 6.81>.8:> 331.:6: 69,8%

Amprasfs [alnlsu`fras 6.:>;.11; 6.2;;.286 36;.636 61,6%

SAA 6.3>>.191 6.118.6;3 318.118 6>,7%

Sastd palnlsu`fras >6.;;1 9:.12> - 98.9:2 -13,6%

Axtrfpalnlsu`fras 69:.782 61>.;27 61.6>3 6;,2%

Instr ncujnúl 1.3:6.37> 1.:;6.;;6 2>.863 6,:%

Satrncujnúl f f Instrncujnúl 9.723.661 9.>:2.87> 89.289 6,1%

Instrncunidras I.Y 66ª :1>.689 :29.363 1.;:7 6,9%

@nmpnazf ia mærhalas 6;.;;; - - 6;.;;; -6;;,;%

Jdmpalsfjndlas palinaltas IY66ª -

Hastnúl Jdm arjnf` 332.1>6 332.1>6 - ;,;%

-

Zahurnifi ia sum nl nstrd 17>.;83 126.9>> - 38.18: -9,8%

Znstamf ia nltarrumpncn`nifi al marjfid 17>.;83 126.9>> - 38.18: -9,8%

Jdstas ia invarsnb njfjnúl y sahurnifi ia fcfstajnmnaltd 19.:9: 13.:98 - 6.>>2 -:,8%

Mdrftdrnf Lujàfr 19.3;8 13.33; - 6.>78 -:,8%

3ª pfrta ia` jnj`d ia jdmcustncà lujàfr 6:2 638 - > -2,>%

Nltarrumpncn`nifi, rîhnmal aspajnf` y dtrds - - -

[rnm f ia` Sîhnmal Aspajnf` 2.2;6.236 8.;6:.176 966.>2; 2,3%

Jdstas parm flal tas 739.>39 197.23> - 382.3>1 -::,1%

Jdmpalsfjnúl axtrfpalnlsu`fras 82;.219 972.611 - 389.9>> -:2,6%

Dparfidr ia` Znstamf :>.;:3 :>.267 172 6,1%

JLA 31.3:7 33.712 - 3.:73 ->,9%

Iîbnj n t ia fjtn v nifias rahu`fifs 6.8;;.762 3.678.117 972.893 37,2%

Yntu`nzfids fltas SI@ 2/3;6; 963.179 939.1:; 66.>92 3,>%Iîbnjnt ia nlhrasds föd 3;;1 :66.226 :3;.278 >.;32 3,>%

Fieuinjftfrnds 3ª sucfstf iîbnjnt ax flta 6;;.>3: 6;:.79: 3.>3; 3,>%

-

Bdlid ia tntu`nzfjnúl 263.27: 792.9:9 3::.816 :7,3%

Iîbnjnt palinalta ia tntu`nzfr 281.19> >62.1>9 396.;91 :1,8%Iîbnjnt ia nlhrasds föd 3;;2 689.971 673.9>9 7.;;> 9,2%

Iîbnjnt ia nlhrasds föd 3;;7 396.39> 63>.;9: - 663.3;2 -92,1%

Iîbnjnt ia nlhrasds föd 3;;> 86.28; >9: - 8;.838 ->7,8%

Iîbnjnt ia nlhrasds föd 3;6; 32.282 :87 - 32.3>7 ->7,2%Iasfeusta nlhrasds 3;6; - 6>9.129

Iîbnjnt ia nlhrasds föd 3;66 - 398.7;2 398.7;2

Iîbnjnt axtrfpalnlsu`fr 3;;: - 3;;1 98.>69 97.>:8 6.;3: 3,6%

Iîbnjnt axtrfpalnlsu`fr 3;;2-3;;7 12.391 663.93>

Iîbnjnt axtrfpalnlsu`fr 3;;8 32.6:6

Iîbnjnt axtrfpalnlsu`fr 3;;7 :6.68>

Axjasd ia iîbnj n t ia föds fl tar nd ras 1:.>99 - - 1:.>99 -6;;,;%

Iasfeusta 3;6; 1:.>99 - 1:.>99 -6;;,;%

Iasfeusta 3;66 - -

Dtrds - - 13.>7; - 13.>7;

Nlhrasds pdr axpdrtfjndlas - 13.>7; - 13.>7;

Inbaraljnfs pîrinifs - -

Ydtf` Jdstas ia fjjasd 62.768.;32 68.1>8.>29 87;.>:7 9,2%




Zahõl `f õ`tnmf nlbdrmfjnúl inspdlncà pdr astf Jdmnsnúl, `ds jdstas ia fjjasd pravnstds pfrf3;63 fsjnalial f 67.::6,1 M₠, astd as, 8::,1 M₠ mæs qua `ds nljùnids al `f prdpuastf ia

Drial.Jufird 1. Jdmpfrfjnúl ia `ds jdstas ia fjjasd pravnstds pdr a` MNYJ y pdr `f JLA pfrf 3;63

Bualtas5 JLA, prdpuastf ia Drial ia pafeas 3;63 y Mamdrnf qua `f fjdmpföf.

Jfca saöf`fr qua `fs inbaraljnfs altra `ds jdstas pravnstds al `f prdpuastf ia Drial y `ds jdstasastnmfids pdr `f JLA sa axp`njfl, bulifmaltf`malta, pdr `ds snhunaltas jdmpdlaltas ia jdsta.

Satrncujnúl ia `f instrncujnúl5 sa gf ravnsflid al jdgaraljnf jdl a` nlbdrma ‐[rdpuastf iaratrncujnúl iabnlntnvf pfrf a` föd 3;66 y ia ratrncujnúl prdvnsndlf` pfrf a` föd 3;63 pdr `ffjtnvnifi ia instrncujnúl ia alarhíf a`îjtrnjf ia `fs amprasfs instrncunidrfs sueatfs f`nqunifjndlas jdl fltarndrnifi f` 6 ia alard ia 3;;>”, gf snid fprdcfid pdr a` Jdlsaed ia `fJLA jdl bajgf 36 ia injnamcra ia 3;66.

[rnmfs ia` Sîhnmal aspajnf`5 sa gfl fjtuf`nzfid jdlsniarflid ul maldr nmpfjtd ia `f`nmntfjnúl ia gdrfs aqunvfàltas ia buljndlfmnaltd ia `fs nlstf`fjndlas bdtdvd`tfnjfs yfjtuf`nzflid `f altrfif al buljndlfmnaltd ia pfrta ia `fs nlstf`fjndlas ia sd`frtarmda`îjtrnjf fisjrntfs f `fs jdrraspdlinaltas bfsas ia puastf al sarvnjnd, jdl `f mæsrajnalta nlbdrmfjnúl inspdlncà ia fjuarid jdl `ds prdpnds fhaltas fjtnvds al astftajld`dhíf.

Fluf`nifias ia` iîbnjnt ia fjtnvnifias rahu`fifs5 sa gf fjtuf`nzfid a` jæ`ju`d talnalid aljualtf `fs iîjnmf y uliîjnmf amnsndlas pdr pfrta ia BFIA y, sahõl sa astfcàja al `fldrmftnvf vnhalta, sa nljdrpdrf `f fluf`nifi jdrraspdlinalta f `f bnlfljnfjnúl ia` iîbnjnt iaàearjnjnd 3;63.

Iasfeusta ia` aearjnjnd 3;665 sa gf jdlsniarfid jdmd maedr pravnsnúl a` iîbnjnt rahnstrfid al`f @nqunifjnúl 6;/3;66. Za iacaríf talar al jualtf, finjndlf`malta, `ds nltarasas qua

jdrraspdlifl y a` nmpfjtd ia` Futd ia` Yrnculf` Zupramd ia 3; ia injnamcra ia 3;66, pdr a`

[ravnsnúl 3;63 [ravnsnúl JLA vs [rdpuastf ia Drial

Jdsta ia fjjasd (Mnàs ₠)[rdpuastf ia Drial

(F)[ravnsnúl JLA

(C)Inbaraljnf

(F) - (C)% vfrnfjnúl(C) sdcra (F)

Jdsta Yrflspdrta 6.81>.8:> 6.89;.29; - 6>.;>> -6,6%

Jdsta Instrncujnúl 1.:;6.;;6 1.922.619 621.619 :,6%

Jdsta Hastnúl Jdmarjnf` 332.1>6 332.1>6 - ;,;%

Jdstas ia invarsnbnjfjnúl 8.238.938 8.7:1.272 3;7.32; 3,8%

[rnmf SA 8.;6:.176 8.336.;;; 3;8.96> :,;%

Zarvnjnd ia nltarrumpnc`nifi 126.9>> 126.9>> - ;,;%

Sastd 13.:98 1:.678 796 6,2%

Jdstas [armflaltas 197.23> 19;.796 - 8.877 -6,9%

Judtfs 23.989 29.:96 6.728 :,;%

Jdmpalsfjnúl axtrfpalnlsu`fr 972.611 982.1;; - >.211 -3,;%

Fluf nif ia s iî bnjnt f jtnvnif ia s ra hu`f if s 3.678.117 3.:62.979 637.>32 1,>%

Axjasd iîbnjnt föds fltarndras - 317.;9> 317.;9>

Dtrds - 13.>7; - 13.>7; - ;,;%

Jdstas ia fjjasd 68.1>8.>29 67.::6.921 8::.1;6 9,3%




qua sa suspalia `f abnjfjnf ia` frtíju`d 6.3 y `f aeajutnvnifi ia` frtíju`d 1 ia `f DrialNYJ/3171/3;661.

Fsnmnsmd, jfca nlinjfr qua a` prajnd ia marjfid nljùnid al `fs astnmfjndlas ia astf Jdmnsnúlpfrf a` Sîhnmal aspajnf` y pfrf `f jdmpalsfjnúl axtrfpalnlsu`fr ia 3;63 fsjnalia f 19 ₠/MXg.

Al a` Flaxd NN ia` prasalta nlbdrma sa eustnbnjf jdl mfydr hrfid ia iatf`à injgfs inbaraljnfs.

:.: @ds nlhrasd s pdr pafeas ia fjjasd ia f prd puastf ia Drial

@ds nlhrasds rasu`tfltas ia fp`njfr `ds pafeas ia fjjasd ia `f prdpuastf ia Drial f `f iamflifpravnstf pdr a` MNYJ, sahõl `f Mamdrnf qua à fjdmpföf, fsjnalial f 6:.;78 M₠, y sanljramaltfræl ul 1,>% al tîrmnlds mainds raspajtd f 3;66 (ulds 8:: M₠ mæs qua jdl `dspafeas vnhaltas). Injgfs vfrnfjndlas al `ds pafeas fbajtfl ia bdrmf insjrnmnlftdrnf altra hrupds

ia jdlsumnidras, sn cnal ld sa eustnbnjf injgf inbaraljnfjnúl ln al `f prdpuastf ia Drial ln al `fMamdrnf qua `f fjdmpföf. Jfca iastfjfr qua, sa mfltnalal `ds tîrmnlds ia pdtaljnf y alarhífia `ds pafeas ia fjjasd ia tdids `ds jdlsumnidras (nljùyalid `ds pafeas jdl insjrnmnlfjnúlgdrfrnf suparvf`à ia `ds j`naltas ia cfef talsnúl jdl pdtaljnf jdltrftfif nlbarndr f 6; oX), jdl `faxjapjnúl ia `ds pafeas ia fjjasd ia j`naltas ia cfef talsnúl jdl pdtaljnf jdltrftfif nlbarndr f6; oX snl insjrnmnlfjnúl gdrfrnf (3.; F) y jdl insjrnmnlfjnúl gdrfrnf al ids parndids (3.; IGF),juyds tîrmnlds ia alarhíf sa nljramaltfl gfstf jdmpalsfr `f raiujjnúl rahnstrfif al a` jdsta ia`f alarhíf ia `f YQS (vîfsa Jufird 2).

Jufird 2. [ravnsnúl ia nlhrasds 3;63 pdr fp`njfjnúl ia `ds pafeas ia fjjasd ia `f prdpuastf iaDrial

Bualta5 Drial NYJ/277/3;66, Drial NYJ 3171/3;66, prdpuastf ia Drial y Mamdrnf qua `f fjdmpföf.Ldtfs5(6) Nltahrf `ds pafeas 3.; F, 3.; IGF y 3.; IGZ fp`njfcàs f j`naltas ia cfef talsnúl jdl pdtaljnf


jdltrftfif jdmpralinif altra 6; oX y 61 oX.

1 A` nmpfjtd sdcra `ds nlhrasds ia` snstamf ia `f raiujjnúl ia prajnds ia `ds pafeas 3.; F y 3.; IGF saastnmf al 3;: M₠. @f fluf`nifi jdrraspdlinalta f `f bnlfljnfjnúl ia` iîbnjnt ia` aearjnjnd 3;66 `nqunifif jdlfltarndrnifi f `f altrfif al vnhdr ia `f Drial NYJ/3171/3;66 fsjaliíf f 666 M₠.

Drial NYJ/277/3;66 y

Drial NYJ/3171/3;66 [rdpuastf ia Drial Inbaraljnfs

[afeaJdlsumd

(HXg)

Nlhrasds

fjjasd

(Mnàs ₠)

Nlhrasds

fjjasd

(₠/MXg)

Nlhrasds

fjjasd

(Mnàs ₠)

Nlhrasds

fjjasd

(₠/MXg)

Mnàs ₠ % vfrnfj núl

CF EF YALZNÚL 632.323 >.;62.617 86,9 >.897.896 88,3 8:3.173 7,6%

[j ≩ 6; oX 82.;6: 1.829.28: 81,7 2.9>8.312 71,1 8:3.173 63,8%

6; oX 0 [j ≩ 61 oX 6;.>21 >;9.193 73,1 >;9.193 73,1 - ;,;%

[j < 61 oX :>.37: 3.:92.>9: 1>,8 3.:92.>9: 1>,8 - ;,;%

MAINF YALZNÚL 82.738 3.73;.7:1 :2,8 3.73;.7:1 :2,8 - ;,;%

:.6 F 68.;69 7>6.:71 13,9 7>6.:71 13,9 - ;,;%

2.6 1>.76: 6.>3>.91; :3,: 6.>3>.91; :3,: - ;,;%

F @YF YALZNÚL 16.891 168.:71 6;,; 168.:71 6;,; - ;,;%2.3 62.992 3:2.36> 69,9 3:2.36> 69,9 - ;,;%

2.: >.;16 >8.263 6;,7 >8.263 - ;,;%

2.9 32.397 67:.11: 8,; 67:.11: 8,; - ;,;%

Yd tf` pafeas 319.7:9 63.:19.:87 97,1 6:.;72.>2; 16,9 8:3.173 1,>%



37 ia injnamcra ia 3;66 6>

(:) [afea :.; F, ia fp`njfjnúl f j`naltas ia cfef talsnúl jdl pdtaljnf jdltrftfif suparndr f 61 oX.

@ds nlhrasds pravnstds pdr `f fp`njfjnúl ia `ds pafeas ia fjjasd ia `f prdpuastf ia Drialfsjnalial f 6:.;78 M₠, ia fjuarid jdl `f Mamdrnf qua fjdmpföf f `f prdpuastf ia Drial.Astds nlhrasds ld nljùyal `f bfjturfjnúl pdr alarhíf rafjtnvf, `ds axjasds ia pdtaljnf y dtrdsnlhrasds, astnmfids al 86; M₠. @ds nlhrasds tdtfàs pravnstds pfrf a` aearjnjnd 3;63, rasu`tfid iajdlsniarfr `f bfjturfjnúl pdr pafeas ia fjjasd, pdr alarhíf rafjtnvf, axjasds ia pdtaljnf, pafeasf halarfidras, `nqunifjnúl ia` rajfrhd ia` 3;% sdcra `f YQS ia `ds j`naltas al rîhnmal trflsntdrndy `ds pafeas ia jdlsumds prdpnds ia halarfidras fsjnalial f 6:.8>8 M₠. Al jfsd ia jdlsniarfra` asjalfrnd ia iamflif pfrf 3;63 fjdria jdl `f ravnsnúl ia` DZ ia injnamcra ia 3;66, injgdsnlhrasds fsjaliarífl f 6:.2;8 M₠ (vîfsa Jufird 8)

Jufird 8. [ravnsnúl ia nlhrasds 3;63 sahõl `f prdpuastf ia Drial y sahõl ulf ravnsnúl fjtuf`nzfifia `f iamflif f injnamcra ia 3;66

Bualta5 prdpuastf ia Drial y Mamdrnf qua `f fjdmpföf y JLA.(6) Nltahrf `ds pafeas 3.; F, 3.; IGF y 3.; IGZ fp`njfcàs f j`naltas ia cfef talsnúl jdl pdtaljnf


jdltrftfif jdmpralinif altra 6; oX y 61 oX.(:) [afea :.; F, ia fp`njfjnúl f j`naltas ia cfef talsnúl jdl pdtaljnf jdltrftfif suparndr f 61 oX.(9) Nljùya bfjturfjnúl pdr axjasds ia pdtaljnf, alarhíf rafjtnvf, pafeas ia halarfidras, `nqunifjnúl ia`

rajfrhd ia` 3;% sdcra `f YQS ia `ds j`naltas al rîhnmal trflsntdrnd y 6;; M₠ pdr pafeas pdr jdlsumdsprdpnds ia halarfidras, sahõl `f Mamdrnf qua fjdmpföf f `f prdpuastf ia Drial.

:.9 A` iîbnj nt prav nst d pfrf 3;63 raspaj td f` ím nta ahf` parm ntni d

Al a` jufird 2 sa astnmf a` iîbnjnt ia fjtnvnifias rahu`fifs pfrf jfif uld ia `ds asjalfrnds iaiamflif jdlsniarfid. Za dcsarvf qua, sahõl a` asjalfrnd ia nlhrasds y jdstas ia `f prdpuastf

[rdpuastf ia Drial Fjtuf` nzfjnúl injnamcra

[afeaJdlsumd

(HXg)

Nlhrasds

fjjasd

(Mnàs ₠)

Nlhrasds

fjjasd

(₠/MXg)

Nlhrasds

fjjasd

(Mnàs ₠)

Nlhrasds

fjjasd

(₠/MXg)

CF EF YALZNÚL 632.323 >.897.896 88,3 >.267.>1; 82,3

[j ≩ 6; oX (6) 82.;6: 2.9>8.312 71,1 2.9:2.2>: 79,8

6; oX 0 [j ≩ 61 oX (3) 6;.>21 >;9.193 73,1 7>:.3>9 76,1

[j < 61 oX (:) :>.37: 3.:92.>9: 1>,8 3.377.>2: 17,:

MAINF YALZNÚL 82.738 3.73;.7:1 :2,8 3.872.:6: :2,:

:.6 F 68.;69 7>6.:71 13,9 787.99; 16,2

2.6 1>.76: 6.>3>.91; :3,: 6.>;8.78: :6,>

F @YF YALZNÚL 16.891 168.:71 6;,; 163.>>; >,>

2.3 62.992 3:2.36> 69,9 3:1.>1; 69,:

2.: >.;16 >8.263 >9.216 6;,1

2.9 32.397 67:.11: 8,; 673.:7> 2,>

Ydtf` pafeas 319.7:9 6:.;72.>2; 16,9 63.>67.31: 1;,8

Dtrds nlhrasds ia fjjasd (9) 86;.;;; 277.82>

Yd tf` 319.7:9 6:.8>2.>2; 19,6 6:.2;8.;36 1:,9




ia Drial, `ds pafeas ia fjjasd sarífl nlsubnjnaltas pfrf jucrnr `ds jdstas ia fjjasd pravnstdspfrf a` föd 3;63 al :.7;6 M₠, jnbrf qua suparf al 3.6:: M₠ a` `ímnta mæxnmd ia iîbnjnt parmntnid

pfrf 3;63 (6.1;; M₠). Ld dcstflta, talnalid al jualtf a` sfìd ia pfhds pdr jfpfjnifi y `dsnlhrasds ia fjjasd pdr `ds futdjdlsumds al halarfjnúl pfrf 3;63, sahõl `f nlbdrmfjnúl quafjdmpföf f `f prdpuastf ia Drial, injgd iîbnjnt fsjaliaríf f 3.;:: M₠, pdr aljnmf ia` `ímntaàhf` parmntnid.

Zahõl ul asjalfrnd ia iamflif fjdria jdl `f ravnsnúl raf`nzfif pdr a` DZ al injnamcra ia 3;66,`f nlsubnjnaljnf ia `ds pafeas ia fjjasd ia `f prdpuastf ia Drial fsjaliaríf f :.>>6 M₠ pdraljnmf ia` `ímnta mæxnmd ia iîbnjnt pfrf 3;63. Yalnalid al jualtf a` sfìd ia pfhds pdrjfpfjnifi, a` iîbnjnt ia` snstamf fsjaliaríf f 3.33: M₠ pdr aljnmf ia` `ímnta àhf` parmntnid.

Yalnalid al jualtf fiamæs `ds jdstas pravnstds pdr `f JLA y a` õ`tnmd asjalfrnd ia iamflifinspdlncà (f injnamcra ia 3;66), a` iîbnjnt ia` snstamf fsjaliaríf f 3.>>9 M₠ pdr aljnmf ia`

`ímnta ahf` parmntnid.

Jufird 7. [ravnsnúl ia` iasfeusta sdcra a` `ímnta àhf` parmntnid al 3;63 sahõl `f Mamdrnf quafjdmpföf f `f prdpuastf ia Drial, jdlsniarflid `ds jdstas ia `f prdpuastf ia Drial y `f

fjtuf`nzfjnúl ia `f iamflif f injnamcra ia 3;66 y prdpuastf JLA, jdlsniarflid a` sfìd ia pfhdspdr jfpfjnifi

Bualta5 prdpuastf ia Drial y Mamdrnf qua `f fjdmpföf, DZ y JLA(9) Nljùya bfjturfjnúl pdr axjasds ia pdtaljnf, alarhíf rafjtnvf, pafeas ia halarfidras y `nqunifjnúl ia`

rajfrhd ia` 3;% sdcra `f YQS ia `ds j`naltas al rîhnmal trflsntdrnd a nlhrasds ia fjjasd pdrjdlsumds prdpnds al halarfjnúl, sahõl `f Mamdrnf qua fjdmpföf f `f prdpuastf ia Drial.

(1) A` sfìd ia `ds pfhds pdr jfpfjnifi (Zuparævnt) ia `ds asjalfrnds (6) y (3) sa jdrraspdlial jdl `f

pravnsnúl ia `f Mamdrnf qua fjdmpföf f `f prdpuastf ia Drial, a` sfìd ia `ds pfhds pdr jfpfjnifiia `f prdpuastf JLA (:) as `f inbaraljnf altra `ds nlhrasds qua rasu`tfl ia fp`njfr `ds prajnds vnhaltasf `f iamflif fjtuf`nzfif f injnamcra ia 3;66 y `ds jdstas astnmfids pfrf 3;63, sahõl sa eustnbnjf ala` Flaxd NN ia` prasalta nlbdrma.

[rdpuastf ia Drial(6)

[rdpuastf ia Drialjdl iamfliffjtuf`nzfif f

injnamcra(3)

[rdpuastf JLA(:)

Iamflif al jdlsumd (HXg) 319.7:9 39>.:6> 39>.:6>

Cfef talsnúl 632.323 63:.16; 63:.16;

Mainf talsnúl 82.738 81.3>8 81.3>8

F`tf Yalsnúl 16.891 1;.163 1;.163

Nlh rasds fjjasd (M ₠) (F ) 6:.8>8 6:.2;8 6:.2;8

[afeas ia fjjasd 6:.;78 63.>67 63.>67

Dtrds nlhrasds (9) 86; 27> 27>

Jdstas ia fjjasd (M ₠) (C) 68.1>7 68.1>7 67.::6

Zfìd [fhds pdr jfpfjnifi (J) (1) -327 -327 -3:;

@ím n ta SI@ 2/3;6; (I) -6.1;; -6.1;; -6.1;;

Iasfeusta 3;66 (F ) - (C) - (J) - (I) -3.;:: -3.33: -3.>>9




Al jdlsajualjnf, pfrf tdids `ds asjalfrnds ia pravnsnúl, jdl `ds pafeas ia `f prdpuastf iaDrial, axnstnríf ul iîbnjnt ia fjtnvnifias rahu`fifs suparndr f` àhf`malta parmntnid, qua axnhnríful nljramaltd ia pafeas finjndlf` ia altra a` 61% y a` 33%, iapalinalid ia` asjalfrndjdlsniarfid.

F `f bajgf ia raf`nzfr a` prasalta nlbdrma, a` asjalfrnd ia 3;63 sa jfrfjtarnzf pdr ulf ftdlíf al `fiamflif sahõl `fs õ`tnmfs pravnsndlas ia` DZ, pdr ul fumaltd pravnstd al `ds jdstas ia fjjasdia` 9,2% raspajtd f 3;66 (tdids `ds jdstas prasaltfl fumaltds, axjaptd `f jdmpalsfjnúlaxtrfpalnlsu`fr ia fjuarid jdl a` SI@ 2/3;;>, iastfjflid `fs fluf`nifias pfrf `f bnlfljnfjnúlia` iîbnjnt, qua axparnmaltf ul nljramaltd ia` 37,2% y `f ratrncujnúl ia` trflspdrta, jdl ulfumaltd ia` 69,8%) y pdr ul fumaltd ia `ds pafeas ia fjjasd ia `f prdpuastf ia Drial qua asnlsubnjnalta pfrf jucrnr a` iîbnjnt asparfid pdr aljnmf ia` `ímnta parmntnid. Jfca nlinjfr a` asbuarzd

finjndlf` ia raiujjnúl ia` iîbnjnt ia fjtnvnifias rahu`fifs al 3;63 ia 6.1;; M₠ malds qua al3;66 (ia :.;;; f 6.1;; M₠) ia` iîbnjnt mæxnmd axnhnid al jump`nmnaltd ia `f salif iajdlvarhaljnf ia iîbnjnt astfcàjnid al f ldrmftnvf vnhalta.

J`frfmalta 3;63 sa prasaltf jdmd ul aearjnjnd tfrnbfrnd qua, jdl `ds pafeas ia `f prdpuastf iaDrial y `ds jdstas ia `fs fjtnvnifias rahu`fifs sahõl `f ldrmftnvf vnhalta, as iabnjntfrnd. [drtfltd sa jdlsniarf asaljnf` astfcàjar mainifs jdl nmpfjtd nlmainftd al `ds jdstas iafjtnvnifias rahu`fifs, al `ds pafeas ia fjjasd, fsí jdmd dtrfs mainifs ia bnlfljnfjnúl, finjndlf`f `ds pafeas ia fjjasd, ia jdstas rahu`fids. Ydifs astfs mainifs sa jdlsniarfl lajasfrnfs pfrf`àvfr f `f jdlvarhaljnf ia `ds nlhrasds y jdstas ia` snstamf.

Finjndlf`malta f `ds aàmaltds ia nljartniumcra nmp`íjntds al tdid aearjnjnd tfrnbfrnd, raspajtd f `f

avdùjnúl ia `f iamflif y su jdmpdsnjnúl pdr hrupd tfrnbfrnd, sa saöf`fl `ds snhunaltas fspajtdsqua pdirífl föfinr mfydras jdstas pfrf a` snstamf al 3;63.

Jdmpalsfjnúl axtrfpalnlsu`frA` Saf` Iajratd-@ay 2/3;;>, ia :; ia fcrn`, astfcàja al `f inspdsnjnúl finjndlf` sahulif qua`fs jdmpalsfjndlas pdr `ds axtrfjdstas ia halarfjnúl ia `ds snstamfs nlsu`fras yaxtrfpalnlsu`fras saræl bnlfljnfifs jdl jfrhd f `ds [rasupuastds Halarfàs ia` Astfid. Alpfrtnju`fr, iurflta a` föd 3;;> sa jdmpalsfræ f trfvîs ia `ds [rasupuastds Halarfàs iaÀstfid a` 68% ia` tdtf`, al a` föd 3;6;, a` :9%, al a` föd 3;66, a` 16%, al a` föd 3;63, a`81% al 3;6: y a` 6;;% f pfrtnr ia `ds aearjnjnds snhunaltas.

@f @ay :>/3;6;, ia 33 ia injnamcra, ia [rasupuastds Halarfàs ia` Astfid pfrf a` föd 3;66mfltuvd a` nmpdrta ia `f Jdmpalsfjnúl axtrfpalnlsu`fr pravnstf pfrf 3;6; (312,9 M₠), alùhfr ia fp`njfr `f fpdrtfjnúl jdrraspdlinalta f` :9% ia` tdtf` ia `f jdmpalsfjnúl, pravnstd al`f Drial NYJ/:16>/3;;> (923,3 M₠) y fjdria jdl `d astfcàjnid al a` SI-@ay 2/3;;> pfrf3;6;.

Al a` jfsd ia qua sa prdrrdhfrfl `ds fjtufàs [HA iurflta 3;63, a` nmpdrta pdr asta jdljaptdqua iacnarf sar bnlfljnfid jdl jfrhd f `ds pafeas ia fjjasd fsjaliaríf f 6.3>2 M₠, al ùhfria `ds 82;,8 M₠ pravnstds al `f Drial NYJ/::1:/3;6;, `d qua nljramaltfríf a` iasfeusta iaàearjnjnd 3;66 al 1:1 M₠ mæs.

[rnmfs ia` Sîhnmal Aspajnf`

Zahõl `f õ`tnmf nlbdrmfjnúl inspdlncà, `fs prnmfs ia` rîhnmal aspajnf` pdirífl sar mæsaàvfifs pfrf a` aearjnjnd 3;66, iacnid f `f nljartniumcra ia` nmpfjtd ia `f `nmntfjnúl ia `fsgdrfs aqunvfàltas ia buljndlfmnaltd ia `fs nlstf`fjndlas bdtdvd`tfnjfs nmpuastd pdr `fs




inspdsnjndlas finjndlf` prnmarf y trflsntdrnf sahulif ia` Saf` Iajratd-@ay 69/3;6;, ia 3: iainjnamcra, fsí jdmd pdr ul mfydr rntmd ia palatrfjnúl ia `f tarmdsd`fr (vîfsa apíhrfba 1.:9)

Fluf`nifias BFIALd sa gf jdltamp`fid `f raf`nzfjnúl ia lnlhulf amnsnúl BFIA al a` jæ`ju`d ia `fsfluf`nifias ia iîbnjnt ia 3;63, sn cnal tdid jdsta föfinid, sn ld sa feustfl `ds pafeas, saræ ulmfydr iîbnjnt ia` snstamf (f mdid ia aeamp`d, al 3;66 a` jdsta rasu`tflta ia `f bnlfljnfjnúlBFIA jdl jfrhd f `fs fluf`nifias fsjalinú f 6:6,> M₠ mæs ia `d pravnstd nlnjnf`malta). @ffluf`nifi jdrraspdlinalta f BFIA sa gf jf`ju`fid talnalid al jualtf `f tfsf nltarlf iaralinmnaltd (YNS) ia `fs amnsndlas vnvfs f :; ia ldvnamcra ia 3;66 nljùnifs jdmnsndlas mæsul inbaraljnf` ia :; pultds cæsnjds. Astf fluf`nifi iacaræ sar fjtuf`nzfif jdl `fs sujasnvfsamnsndlas qua sa puaifl raf`nzfr iurflta 3;63, tf` y jdmd astfcàja `f ldrmftnvf vnhalta. Fabajtds ia vf`drfr a` nmpfjtd ia injgfs amnsndlas sdcra `ds pafeas ia fjjasd, al a` Jufird >sa rasuma `f vfrnfjnúl al `fs fluf`nifias pfrf `f bnlfljnfjnúl ia` iîbnjnt ia `fs amnsndlas ia

BFIA al buljnúl ia` vdùmal ia amnsnúl y `f inbaraljnf altra a` tnpd ia nltarîs ia `f amnsnúl ya` tnpd ia nltarîs rajdldjnid f `fs amprasfs a`îjtrnjfs, juyf matdid`dhíf astæ palinalta iaiasfrrd``d.

Jufird >. Nmpfjtd al `fs fluf`nifias pfrf `f bnlfljnfjnúl ia` iîbnjnt ia `fs amnsndlas f trfvîs iaBFIA, iapalinalid ia` tnpd ia nltarîs y a` vdùmal ia amnsnúl

Bualta5 JLA(6) A` tnpd ia nltarîs jdlsniarfid al a` jæ`ju`d ia `fs fluf`nifias jdrraspdlinalta f BFIA y `fs amprasfs

a`îjtrnjf sahõl sa iatf``f al a` Flaxd NN ia` nlbdrma.

9 [SD[QAZYFZ SAHQ@FYDSNFZ

Astf Jdmnsnúl sa rantarf raspajtd f `fs jdlsniarfjndlas ia su nlbdrma 3>/3;66 y, al pfrtnju`fr, f`f lajasnifi ia nmpàmaltfr ia bdrmf nlmainftf, altra dtrfs mainifs, prdpuastfs rahu`ftdrnfsinrnhnifs f a`nmnlfr a` iîbnjnt astrujturf` ia` snstamf y f mntnhfr su aliauifmnaltd. F`hulfs iaastfs mainifs buardl saöf`fifs al `ds nlbdrmas ia astf Jdmnsnúl :>/3;6;, Nlbdrma rajdpn`ftdrndia mainifs prdpuastfs alvnfid f` MNYJ a` 69 ia fcrn` ia 3;66, Nlbdrma 67/3;66, Nlbdrma6;/3;66, Nlbdrma 38/3;66, Nlbdrma :9/3;66.

Za gfja lajasfrnf `f nltrdiujjnúl ia mainifs rahu`ftdrnfs jdl ul abajtd nlmainftd, f jdrtd p`fzd,pfrf mnldrfr a` asbuarzd lajasfrnd ia `ds pafeas ia fjjasd, jdltrncunr f jdrrahnr a` iîbnjnt ia`snstamf y pfrf mntnhfr `ds jdstas ia `f bnlfljnfjnúl ia `f iauif palinalta ia tntu`nzfjnúl. Fjdltnlufjnúl sa rasumal iatarmnlfifs mainifs rahu`ftdrnfs jdl nmpfjtd f jdrtd p`fzd yfprdpuastfs.

Al prnmar ùhfr, astf Jdmnsnúl gf prdpuastd mainifs sdcra `ds jdstas ia `fs fjtnvnifiasrahu`fifs, sn cnal sa jdlsniarf qua tdifs `fs fjtnvnifias iacal jdltrncunr f mdiarfr `f salifjrajnalta ia `ds jdstas al ulf sntufjnúl jdmd `f fjtuf`, y qua sa iacal prdpdrjndlfr saöfàs ia

Inbaraljnf` ia tnpd ia nltarîs ia amns núl ia BFIA raspajtd ia` t npd ia nltarîs rajdldjnid f fs amprasfs (6)

:,;% :,1% 9,;% 9,1% 1,;% 1,1% 2,;% 2,1% 8,;% 8,1%

6.;;;.;;; 2.>8: 6;.3:> 6:.11> 62.>:3 3;.:18 3:. 7:9 38.:2; :;.>:1 :9.117 :7.337

3.;;;.;;; 6:.>98 3;.987 38.667 ::.729 9;.869 98.228 19.83; 26.786 2>.668 82.918

:.;;;.;;; 3;.>3; :;.868 9;.288 1;.8>2 26.;83 86.1;6 73.;7; >3.7;2 6;:.281 669.271

9.;;;.;;; 38.7>: 9;.>12 19.3:2 28.837 76.93> >1.::9 6;>.99; 63:.896 6:7.3:9 613.>69

1.;;;.;;; :9.728 16.6>1 28.8>1 79.22; 6;6.872 66>.627 6:2.7;; 619.282 683.8>3 6>6.6932.;;;.;;; 96.79; 26.9:9 76.:19 6;6.1>3 633.69: 69:.;;6 629.62; 671.263 3;8.:16 33>.:86

8.;;;.;;; 97.76: 86.28: >9.>63 667.139 693.1;; 622.7:1 6>6.16> 362.198 396.>;> 328.1>>

7.;;;.;;; 11.878 76.>63 6;7.986 6:1.912 623.717 6>;.227 367.78> 398.973 382.927 :;1.738

>.;;;.;;; 23.82; >3.616 633.;:; 613.:77 67:.361 369.1;3 392.3:> 387.968 :66.;32 :99.;12

6;.;;;.;;; 2>.8:: 6;3.:>; 6:1.17> 62>.:3; 3;:.183 3:7.::1 38:.1>> :;>.:1: :91.171 :73.379

Rdùmal ia amnsnúl

f trfvîs ia BFIA

(mnàs ₠)




abnjnaljnf al `f avdùjnúl ia `ds jdstas. Za nlinjf a` tnpd ia fjtufjnúl lajasfrnf pfrf sunmpàmaltfjnúl.

Zf`nif ia `f ratrncujnúl ia` trflspdrta ia `ds fjtnvds yf fmdrtnzfids d ifids ia cfef5 Ynpdia fjtufjnúl5 Mdinbnjfjnúl SI 376>/6>>7. (Rîfsa nlbdrma :>/3;6;)

Savnsnúl ia pfræmatrds ia abnjnaljnf al `f ratrncujnúl ia` trflspdrta f abajtds ia trfs`fifr`fs ajdldmífs ia asjf`f y ia f`jflja f `ds jdstas rajdldjnids al 3;63. Ynpd iafjtufjnúl5 Sasdùjnúl ia `f IH[AM pfrf `fs nlstf`fjndlas fltarndras f 3;;7 (bfjtdras W a^) y mdinbnjfjnúl ia` SI :31/3;;7 pfrf `fs nlstf`fjndlas f pfrtnr ia 3;;7 (bfjtdras W a ^).(Nlbdrma alvnfid f` MNYJ a` 36 ia djtucra ia 3;66, sdcra `f sd`njntui ia `f IH[AM ia `fastnmfjnúl ia jdstas ia `fs fjtnvnifias rahu`fifs pfrf `f a`fcdrfjnúl ia `ds pafeas iafjjasd f pfrtnr ia` 6 ia alard ia 3;63).

Fp`njfjnúl ia hflfljnfs ia abnjnaljnf al `f ratrncujnúl ia `ds instrncunidras ia malds ia

6;;.;;; j`naltas. Ynpd ia fjtufjnúl5 Drial Mnlnstarnf`. (Nlbdrma y [rdpuastf ia ratrncujnúlia `f fjtnvnifi ia instrncujnúl pfrf 3;63. Instrncunidras jdl malds ia 6;;.;;; j`naltas. Fprdcfid 6 ia injnamcra ia 3;63).

Fp`njfjnúl ia hflfljnfs ia abnjnaljnf al `f ratrncujnúl ia `ds instrncunidras sueatds f`nqunifjndlas fltas ia 6 ia alard ia 3;;>. Ynpd ia fjtufjnúl5 Drial Mnlnstarnf`. (Nlbdrma y[rdpuastf ia ratrncujnúl ia `f fjtnvnifi ia instrncujnúl iabnlntnvf pfrf 3;66 y prdvnsndlf`pfrf 3;63. Instrncunidras sueatds f `nqunifjndlas jdl fltarndrnifi f` 6 ia alard ia 3;;>. Fprdcfid a` 36 ia injnamcra ia 3;66.)

Savnsnúl ia `fs snlarhnfs altra `f hastnúl jdmarjnf` ia `f instrncujnúl y a` mfrhaljdmarjnf` ia` JQS (îsta õ`tnmd ld fbajtf iîbnjnt ia fjtnvnifias rahu`fifs) y trfs`fid albúrmu`f ratrncutnvf N[J-W, Ynpd ia fjtufjnúl5 Drial mnlnstarnf` ia pafeas ia fjjasd.(Nlbdrma 6:/3;;> y >/3;6;).

Yrfs`fid ia `f ratrncujnúl ia` DZ ia` asjflif``d ia jdstas ia fjjasd f` jdsta ia alarhífia `ds fhaltas, al `ds tîrmnlds ia` Fltaprdyajtd ia @ay nlbdrmfid pdr `f JLA. (Nlbdrma67/ 3;66). Lajasfrnd talar al jualtf `f nmputfjnúl ia jdstas altra `f buljnúl ia trflspdrtay Dparfjnúl ia` Znstamf jdl a` bnl ia ld trfs`fifr mæs jdstas f` jdlsumnidr. Ynpd iafjtufjnúl5 @ay. Ld as ulf mainif qua nmp`nqua ul fgdrrd latd al jdstas tdtfàs pfrf a`jdlsumnidr, fulqua mnldra a` iîbnjnt.

Al su nlbdrma 67/3;66 astæ Jdmnsnúl saöf`ú qua, al halarf`, `ds jdstas ia hastnúl ia `fiamflif iacarífl sar bnlfljnfids axtarlfmalta f` pafea ia fjjasd, jdl jfrhd f `dsprajnds rahu`fids qua jdrraspdlifl. Ynpd ia fjtufjnúl5 Saf` Iajratd. Astf mainif, quatrfs`fif jdstas ia fjjasd gfjnf a` prajnd ia alarhíf ia` jdlsumnidr, iacaríf sar fp`njfifulf vaz qua sa f`jflja `f subnjnaljnf ia `ds pafeas. Ld as ulf mainif qua nmp`nqua fgdrrdlatd al jdstas tdtfàs pfrf a` jdlsumnidr, fulqua mnldra a` iîbnjnt.

Mfxnmnzfr `f alarhíf trflsbarnif iasia `f palílsu`f f Cfàfras f trfvîs ia ul astuindtîjlnjd ia` al`fja. Ynpd ia fjtufjnúl5 Drial.(Nlbdrma 38/3;66).

Altra `fs maedrfs prdpuastfs pdr astf Jdmnsnúl qua jdltrncunrífl f ifr saöfàs ia abnjnaljnf al a`jæ`ju`d ia `ds jdstas a nlhrasds ia` snstamf, jfca nlinjfr5

@f nltrdiujjnúl ia ul majflnsmd ia jdltrd` ia `f àjturf y bfjturfjnúl ia pafeas iafjjasd f ds instrncunidras (nlbdrma :>/3;6;). Ynpd ia fjtufjnúl5 Saf` Iajratd.

Saspdlsfcn`nzfr f` DZ al `fs pravnsndlas ia iamflif f abajtds ia pafeas ia fjjasd iaaàjtrnjnifi. Saspdlsfcn`nifi ia` DZ y ia` HYZ f raf`nzfr pravnsndlas jdleultfs iaiamflif a`îjtrnjf y ia hfs ia JJHYs. Ynpd ia fjtufjnúl5 Saf` Iajratd. (Al nlbdrmaalvnfid f` MNYJ a` 3 ia injnamcra ia 3;66 sdcra [ravnsndlas ia iamflif y bfjturfjnúl

ia` sajtdr ia` hfs lfturf` pfrf a` 3;63).




Saspdlsfcn`nzfr f` DZ al `fs pravnsndlas ia `ds feustas ia `ds jdabnjnaltas ia pîrinifs pfrfa` jnarra ia `f alarhíf al a` marjfid y ia` jæ`ju`d ia `ds parbnàs. Ynpd ia fjtufjnúl5 Saf`

Iajratd. Nlbdrma :9/3;66. Astfcàjnmnaltd ia prajnds rahu`fids pfrf `f ratrncujnúl ia `f Dparfjnúl ia` snstamf y ia`

Dparfidr ia` marjfid sahõl matdid`dhíf trflspfralta y dceatnvf, astfcàjnif pdr `f JLA.Ynpd ia fjtufjnúl5 Saf` Iajratd (Nlbdrma 67/3;66).

Al sahulid ùhfr, astf Jdmnsnúl yf gf prdpuastd al inbaraltas nlbdrmas (nlbdrma 6;/3;66 y:7/3;66) ul jdleultd ia mainifs ra`ftnvfs f` majflnsmd ia bnlfljnfjnúl y jasnúl ia` iîbnjnttfrnbfrnd. Iacnid f` lnva` ia iauif f`jflzfif pdr a` snstamf, f `ds jdstas ia bnlfljnfjnúl y, alpfrtnju`fr, f `f axparnaljnf ia ul föd ia `ds jdstas halarfids pdr a` majflnsmd ia tntu`nzfjnúl, sajdlsniarf lajasfrnd prdjurfr ul aqun`ncrnd altra `fs pfrtas fbajtfifs pdr `f bnlfljnfjnúl ia` iîbnjntia tfrnbf y pdr `ds jdstas iarnvfids ia `f tntu`nzfjnúl5 `f Fimnlnstrfjnúl, `ds jdlsumnidras y `fsamprasfs.

Al asta saltnid, jfca nlinjfr qua al a` pfsfid, f inbaraljnf ia` majflnsmd ia tntu`nzfjnúl vnhalta,sa fp`njfrdl instnltfs búrmu`fs pfrf pdsncn`ntfr qua `fs amprasfs qua bnlfljnfcfl `ds iîbnjnt iafjtnvnifias rahu`fifs puinarfl rajuparfr a` vf`dr ia sus iarajgds ia jdcrd fltnjnpfifmalta, alùhfr ia` p`fzd astfcàjnid. Al pfrtnju`fr, pfrf a` iîbnjnt jdrraspdlinalta f 3;;1, buardl `fsprdpnfs amprasfs qunalas tntu`nzfrdl sus iarajgds ia jdcrd jdl `fs altnifias bnlfljnarfs. Fjfmcnd ia rajncnr a` vf`dr ia sus iarajgds fltnjnpfifmalta, `fs amprasfs `ds jainardl f `fsaltnifias bnlfljnarfs pdr ul nmpdrta nlbarndr f` ia su vf`dr f `f bajgf ia jasnúl. Asta iasjualtd,fsí jdmd `ds jdstas ia jd`djfjnúl buardl fsumnids íltahrfmalta pdr pfrta ia `fs amprasfsa`îjtrnjfs, snl qua gucnarf lnlhulf trfs`fjnúl f` jdlsumnidr.

F`tarlftnvfmalta f` fltarndr majflnsmd ia bnlfljnfjnúl jntfid y f` vnhalta f trfvîs ia BFIA, `fsprdpuastfs ia astf Jdmnsnúl (vîfsa nlbdrma 6;/3;66) astæl aljfmnlfifs f prdjurfr ulmajflnsmd ia bnlfljnfjnúl jdleultf, altra a` jdlsumnidr y `fs a`îjtrnjfs, ia `ds jdstas iabnlfljnfjnúl ia BFIA. Astds sdl, `ds jdstas ia `fs altnifias jd`djfidrfs, `ds jdstas ia` Bdlid(:; pultds cæsnjds sdcra `f YNS ia `f amnsnúl) y `ds jdstas ia bnlfljnfjnúl ia `ds nlstrumaltdsbnlfljnards qua amnta a` Bdlid al tfltd qua mainflta `f jasnúl f BFIA, `fs amprasfs (`dsjaialtas) tnalal `f pdsncn`nifi ia rajuparfr a` vf`dr ia sus iarajgds, qua ia dtrd mdiddctalirífl al ul p`fzd in`ftfid ia tnampd. Astfs prdpuastfs pdirífl fbajtfr f `fs jfltnifias ldjainifs f` Bdlid ia tntu`nzfjnúl.

Zahõl a` asjalfrnd ia nlhrasds y jdstas pfrf 3;63, sa astnmf qua `f fp`njfjnúl ia `fs mainifssaöf`fifs fltarndrmalta jdl iasfrrd``d ldrmftnvd lajasfrnd ia instnltd ílidà, y jdl nmpfjtd

ajdlúmnjd al a` jdrtd p`fzd (raiujjnúl ia jdstas ia fjtnvnifias rahu`fifs y rapfrtd ia jdstas ia`f bnlfljnfjnúl ia BFIA) parmntnrífl ul fgdrrd fluf` ia jdstas qua mntnhfríf a` asbuarzd lajasfrndpfrf `dhrfr `f subnjnaljnf. Al juf`qunar jfsd, saríf lajasfrnd raf`nzfr ulf ravnsnúl al prdbulinifiia `f rahu`fjnúl y su nmpfjtd sdcra tdids `ds fhaltas ia` snstamf y raf`nzfr feustas finjndlfàs al`ds pafeas qua pfhfl `ds jdlsumnidras.

Finjndlf`malta, astf Jdmnsnúl al su nlbdrma 67/3;66 saöf`ú qua f abajtds ia ftalufr a` nmpfjtdsdcra a` sajtdr a`îjtrnjd ia `f bnlfljnfjnúl ia `fs prnmfs ia rîhnmal aspajnf`, sa pdirífjdltamp`fr a` flæ`nsns ia dtrfs bualtas ia bnlfljnfjnúl finjndlfàs f `ds pafeas ia fjjasd iaaàjtrnjnifi, jdl jfrhd f dtrds sajtdras alarhîtnjds d f dtrfs bualtas ia nlhrasds, tfàs jdmd `dsnlhrasds halarfids jdl `fs sucfstfs ia `njaljnfs ia amnsnúl f pfrtnr ia 3;6:.Dtrf mainifjdrraspdlia f `f aeajujnúl ia `fs Zaltaljnfs ia` Yrnculf` Zupramd ia 7 ia fcrn` ia 3;6; ra`ftnvf

f `f bnlfljnfjnúl jdl jfrhd f `f tfrnbf a`îjtrnjf ia` [`fl ia Fjjnúl 3;;1-3;;8 ia `f AstrftahnfAlarhîtnjf jdrraspdlinaltas f 3;;>. Ynpd ia fjtufjnúl5 Aeajujnúl ia `f Zaltaljnf ia` Zupramd.(Rîfsa Nlbdrma :>/3;6;).




Al tarjar ùhfr, astf Jdmnsnúl gf prdpuastd al su nlbdrma 67/3;66, fp`njfr mainifs qua nljnialal `f rahu`fjnúl ia `ds pafeas ia fjjasd. Al pfrtnju`fr, sa jdlsniarf lajasfrnd astfcàjar ulf

matdid`dhíf ia jæ`ju`d ia `ds pafeas ia fjjasd. Za gfja lajasfrnd `f trflspdsnjnúl ia` tarjarpfquata ia Inrajtnvfs aurdpafs, al pfrtnju`fr, astfcàjar `f buljnúl ia qua JLA jdmd rahu`fidrsajtdrnf` nmpàmalta ulf matdid`dhíf ia fsnhlfjnúl ia `f tdtf`nifi ia `ds jdstas pfrf astfcàjarpafeas ia fjjasd. @f matdid`dhíf ia pafeas iacaríf nljùnr `f iatarmnlfjnúl ia supàmaltdstarrntdrnfàs al a` jfsd ia ldrmfs ia jfræjtar futdlúmnjd d `djf` qua inarfl ùhfr f ul sdcrajdstaraspajtd f `d astfcàjnid pdr `f ldrmftnvf lfjndlf`. Ynpd ia fjtufjnúl5 Ldrmf ia rflhd ia ày.

Astf Jdmnsnúl jdlsniarf qua a` astfcàjnmnaltd ia `ds pafeas ia fjjasd iaca sar nliapalinaltaia `fs vfrnfjndlas ia` jdsta ia `f alarhíf ia `f YQS, tf` y jdmd nlinjú, altra dtrds, al su nlbdrma3>/3;66. Yrflsntdrnfmalta, mnaltrfs ld axnstf aqun`ncrnd altra `ds nlhrasds y jdstas pravnstds,jfcríf ravnsfr prdhrasnvfmalta `ds pafeas, tf` y jdmd saöf`ú al sus nlbdrmas sdcra prdpuastfs iaÚrialas ia ravnsnúl ia pafeas (iasia a` Nlbdrma :>/3;6;-3>/3;66).

1 [SD[QAZYFZ IA MDINBNJFJNÚL IA @DZ JDZYAZ IA FJJAZD IA @F[SD[QAZYF IA DSIAL

F jdltnlufjnúl sa prdpdla `fs snhunaltas mdinbnjfjndlas al `ds jdstas ia `f prdpuastf ia Drial.Al a` Flaxd NN ia` nlbdrma sa iasjrncal iatf``fifmalta `fs gnpútasns ia jæ`ju`d.

1.6 Yrflspdrta

Za prdpdla sustntunr `ds jdstas ia` trflspdrta astfcàjnids al a` frtíju`d 6 ia `f prdpuastf iaDrial pdr `ds rajdhnids al a` Jufird 6;, fjtuf`nzfids jdl `f õ`tnmf nlbdrmfjnúl inspdlncà (Rîfsa Flaxd NN).

Jufird 6;. [ravnsnúl ia `ds jdstas ia trflspdrta pfrf 3;63

Satrncujnúl Yrflspdrta (Mnàs ia ₠)

YDYF@ [ALNLZQ@FS 6.172.3;8

Sai A`îjtrnjf ia Aspföf, Z.F. 6.191.6>3

Qlnúl Baldsf Instrncujnúl, Z.F. 96.;61

YDYF@ AWYSF[ALNLZQ@FS 619.9::

Sai A`îjtrnjf ia Aspföf, Z.F. 619.9::YDYF@ 6.89;.29;

Bualta5 JLA

Astf prdpuastf ia `ds jdstas ia trflspdrta pfrf 3;63 nljùya a` nmpdrta al jdljaptd ia nljaltnvdf `f inspdlncn`nifi rajdhnid al `f snhunalta tfc`f5

Nljaltnvd f `f inspdlncn`nifi (Mnàs ia ₠)

[ALNLZQ@FS 67.3;2

Sai A`îjtrnjf ia Aspföf, Z.F. 67.6;1

Qlnúl Baldsf Instrncujnúl, Z.F. 6;6

AWYSF[ALNLZQ@FS ;




Sai A`îjtrnjf ia Aspföf, Z.F. ;

YDYF@ 67.3;2

1.3 Instrncujnúl

Ia fjuarid jdl `f ‐[rdpuastf ia ratrncujnúl iabnlntnvf pfrf a` föd 3;66 y ia ratrncujnúl prdvnsndlf` pfrf a` föd 3;63 pdr `f fjtnvnifi ia instrncujnúl ia alarhíf a`îjtrnjf ia `fs amprasfsinstrncunidrfs sueatfs f `nqunifjndlas jdl fltarndrnifi f` 6 ia alard ia 3;;>” , gf snid fprdcfidpdr a` Jdlsaed ia `f JLA jdl bajgf 36 ia injnamcra ia 3;66, sa altnalia prajnsd prdjaiar f `fjdrrajjnúl ia `f ratrncujnúl iabnlntnvf pfrf a` föd 3;6;, ia fjuarid jdl a` snhunalta taldr5

Frtíju`d 3. Savnsnúl ia `ds jdstas ia instrncujnúl pfrf 3;6; y 3;66 y pravnsnúl ia `ds jdstasia instrncujnúl y hastnúl jdmarjnf` pfrf 3;63.

6. @ds jdstas iabnlntnvds pfrf 3;6; jdrraspdlinaltas f `fs amprasfs instrncunidrfs jdl mæsia 6;;.;;; j`naltas y BARFZF y ZD@FLFS, iaiujnids `ds dtrds nlhrasds iarnvfids ia `dsiarajgds ia fjdmatnif, alhfljgas, varnbnjfjnúl y f`qunàr ia fpfrftds ia mainif, nljùnid a`nljaltnvd d palf`nzfjnúl f `f maedrf ia `f jf`nifi ia` sarvnjnd, sa bnefl al `fs snhunaltasjufltífs5

Amp rasf d hrup d amprasfrnf ` (Mn às ia aurds)

NCASISD@F INZYSNCQJNÚL A@ÎJYSNJF, Z.F.Q.

QLNÚL BALDZF INZYSNCQJNÚL, Z.F.

GNISDJFLYÆCSNJD INZYSNCQJNÚL A@ÎJYSNJF, Z.F.

A.DL INZYSNCQJNÚL, Z.@. (*)

ALIAZF palnlsu`fr (**)

ALIAZF axtrfpalnlsu`fr

BARFZF

ZD@FLFS

6.1>:.63:

81;.;82

616.919

699.29;

6.8:9.8:>

:;7.137

6.;13

:::

YDYF@ 9.27:.>91

(*) Jdmd jdlsajualjnf ia `f nltahrfjnúl ia `fs amprasfs instrncunidrfs Aàjtrf ia` Lflsf, Z.@., yAàjtrf Jfmneflas, Z.@., al A.DL INZYSNCQJNÚL, Z.@., `f ratrncujnúl ia tfàs amprasfsjdrraspdlinalta f 3;6;, qua fsjnalia f >3.197 aurds, sa föfia f `f ratrncujnúl jdrraspdlinalta fA.DL INZYSNCQJNÚL, Z.@., pfrf a` föd 3;6;.(**) A` nljaltnvd ia jf`nifi ia ALIAZF axtrfpalnlsu`fr sa aljualtrf nljùnid al a` ia ALIAZF palnlsu`fr.

3. @ds jdstas prdvnsndlfàs pfrf 3;66 jdrraspdlinaltas f `fs amprasfs instrncunidrfs jdlmæs ia 6;;.;;; j`naltas y BARFZF y ZD@FLFS, iaiujnids `ds dtrds nlhrasds iarnvfids ia`ds iarajgds ia fjdmatnif, alhfljgas, varnbnjfjnúl y f`qunàr ia fpfrftds ia mainif, nljùnida` nljaltnvd d palf`nzfjnúl f `f raiujjnúl ia pîrinifs y snl nljùnr a` nljaltnvd d palf`nzfjnúl f`f maedrf ia `f jf`nifi ia` sarvnjnd sa bnefl al `fs snhunaltas jufltífs5




Ampr asf d hrup d amprasfrnf ` (Mn às ia aurds)





ALIAZF palnlsu`fr


BARFZF (**)

ZD@FLFS (**)

6.223.712

876.6>6

618.;16

616.17:

6.8>7.;72

:68.8>>

6.;77

::2

YDYF@ 9.72>.>>; (*) Jdmd jdlsajualjnf ia `f nltahrfjnúl ia Luastrf Zaödrf ia `f Zdàifi ia Yalin``f y @upnflf alQlnúl Baldsf Instrncujnúl, Z.F, `f ratrncujnúl ia injgf amprasf sa föfia f `f ratrncujnúl ia QlnúlBaldsf Instrncujnúl Z.F. (692 mnàs ia ₠, ratrncujnúl rajdldjnif f `f jntfif amprasf al `f DrialNYJ/::1:/3;6;, ia 37 ia injnamcra.(**) Ia fjuarid f` frtíju`d 7.9 ia` SI 333/3;;7 f `fs amprasfs BARFZF y ZD@FLFS ld à sdl iafp`njfjnúl `ds nljaltnvds ia jf`nifi y pîrinifs.

Astds jdstas saræl ravnsfids ulf vaz sa inspdlhf ia `f nlbdrmfjnúl lajasfrnf pfrf jf`ju`fra` nljaltnvd d palf`nzfjnúl f `f maedrf ia `f jf`nifi ia` sarvnjnd.

:. @ds jdstas prdvnsndlfàs pfrf 3;63 jdrraspdlinaltas f `fs amprasfs instrncunidrfs jdlmæs ia 6;;.;;; j`naltas y BARFZF y ZD@FLFS, iaiujnids `ds dtrds nlhrasds iarnvfids ia`ds iarajgds ia fjdmatnif, alhfljgas, varnbnjfjnúl y f`qunàr ia fpfrftds ia mainif, snlnljùnr a` nljaltnvd d palf`nzfjnúl f `f raiujjnúl ia pîrinifs y a` nljaltnvd d palf`nzfjnúl f `fmaedrf ia `f jf`nifi ia` sarvnjnd sa bnefl al `fs snhunaltas jufltífs5

(*) A` nljramaltd ia ratrncujnúl fsdjnfid f` nljramaltd ia fjtnvnifi (^) ia ALIAZF axtrfpalnlsu`frsa aljualtrf nljùnid al a` ia ALIAZF palnlsu`fr.(**) Ia fjuarid f` frtíju`d 7.9 ia` SI 333/3;;7 f `fs amprasfs BARFZF y ZD@FLFS ld à sdl iafp`njfjnúl `ds nljaltnvds ia jf`nifi y pîrinifs.

Fsnmnsmd, al ra`fjnúl jdl a` fltarndr fpfrtfid 6, sa altnalia lajasfrnd qua al `f Drial quabnlf`malta sa nljùyf `f snhunalta inspdsnjnúl finjndlf`5





A.DL INZYSNCQJNÚL, Z.@.

ALIAZF ([ALNLZQ@FS) (*)

ALIAZF (AWYSF[ALNLZQ@FS)

BARFZF (**)

ZD@FLFS (**)

6.8:2.98;

7:;.:72

626.373

611.8>>

6.77>.::>

:67.:21

6.6;1

:96

YDYF@ 1.;>:.;78




Inspdsnjnúl finjndlf` xxxx. @nqunifjnúl ia `f ravnsnúl ia `ds jdstas ia instrncujnúl pfrf 3;6;.

@fs fsnhlfjndlas ia jdstas jdrraspdlinaltas f `f ravnsnúl ia `ds jdstas ia instrncujnúl pfrf3;6; qua bnhurfl al a` frtíju`d 3.6 ia `f prasalta Drial, saræl `nqunififs al `fs `nqunifjndlasia `fs fjtnvnifias rahu`fifs ia` föd 3;66.

Bnlf`malta, sa prdpdla mdinbnjfr `f ratrncujnúl ia `fs amprasfs instrncunidrfs jdl malds ia6;;.;;; al jdlsdlfljnf jdl `ds nmpdrtas rajdhnids al a` Nlbdrma a`fcdrfid pdr `f JLA aljump`nmnaltd ia `d astfcàjnid al a` frtíju`d 7.6 ia` Saf` Iajratd 333/3;;7, ia 61 ia bacrard,fprdcfid pdr a` Jdlsaed ia 6 ia injnamcra ia 3;66, y sar iaj`frfids jdmd pravnstds, ld jdmd prdvnsndlfàs. [dr tdid `d fltarndr, sa prdpdla `f snhunalta raifjjnúl pfrf asta fpfrtfid5

9. [frf `fs amprasfs instrncunidras jdl malds ia 6;;.;;; j`naltas, a` jdsta fjraintfid pravnstd ia `f ratrncujnúl ia `f fjtnvnifi ia instrncujnúl y hastnúl jdmarjnf` saræ, pfrf a`

föd 3;63, ia :8:.;28,:32 Mnàs ia aurds, sahõl a` iash`dsa qua bnhurf al a` flaxd NN.[dr su pfrta, a` Flaxd NN ia `f [rdpuastf ia Drial iacaríf sar sustntunid pdr a` qua bnhurf jdmd Flaxd R ia` prasalta Nlbdrma, al a` qua sa gfl jdrrahnid ids arrdras qua bnhurfcfl al a` Nlbdrmaia `f JLA ia bajgf 6 ia injnamcra ia 3;66 y sa gf föfinid `f amprasf S6-:21 A@AJYSFSAIALASHÍF, Z.@., juyf Sasdùjnúl ia nlsjrnpjnúl al a` Sahnstrd ia Instrncunidras ia` Mnlnstarndsa rajncnú al `f JLA jdl pdstarndrnifi f `f amnsnúl ia` jntfid Nlbdrma.

Al a` Flaxd NN ia` prasalta nlbdrma sa eustnbnjfl jdl mfydr hrfid ia iatf`à `ds jfmcndsprdpuastds.

Jfca nlinjfr qua astf Jdmnsnúl jdlsniarf fiajufif `f a`nmnlfjnúl ia `f pfrtnif ia jdsta ia

`nmpnazf ia mærhalas al `f ratrncujnúl ia `f instrncujnúl al 3;63, nljùnif al `f prdpuastf iaDrial.

1.: Jdmpalsfjnúl axtrfpalnlsu`fr

@f jdmpalsfjnúl nlsu`fr y axtrfpalnlsu`fr astfcàjnif al `f prdpuastf ia Drial, qua fsjnalia f6.>99.233 mn``dlas ia aurds, rasu`tf suparndr al :7.233 mnàs ia aurds f `f pravnstf pdr `f JLA alsu rabarnid nlbdrma ia 6: ia djtucra ia 3;66, jdmd jdlsajualjnf ia gfcarsa fidptfid ulfpravnsnúl ia prajnd ia` marjfid palnlsu`fr `nharfmalta nlbarndr.

1.9 [rnmfs ia` Sîhnm al Aspajnf`

F jdltnlufjnúl, sa muastrf `f pravnsnúl ia alarhíf y pdtaljnf ia` rîhnmal aspajnf` (anlstf`fjndlas ia rîhnmal drinlfrnd qua parjncal prnmf sahõl a` frtíju`d 91 ia` Saf` Iajratd226/3;;8, ia 31 ia mfyd) jdrraspdlinalta f` snstamf aspföd` y su ratrncujnúl tdtf` al 3;66 y3;63.

Aearjnjnd 3;66

@fs õ`tnmfs astnmfjndlas ia` nmpdrta h`dcf` `nqunifid al jdljaptd ia prnmf aqunvfàlta pfrf aàearjnjnd 3;66 gfl snid ravnsfifs f` f`zf jdl raspajtd f` rabarnid nlbdrma ia 6: ia djtucra ia3;66, fsjalinalid f 2.782 mn``dlas ia aurds. Altra `fs jfusfs f `fs qua jfca ftrncunr astfravnsnúl jfca jntfr5

n) A` nmpfjtd ia `f `nmntfjnúl ia `fs gdrfs aqunvfàltas ia buljndlfmnaltd ia `fs nlstf`fjndlasbdtdvd`tfnjfs nmpuastd pdr `fs inspdsnjndlas finjndlf` prnmarf y trflsntdrnf sahulif ia` Saf`




Iajratd-@ay 69/3;6;, ia 3: ia injnamcra, pdr a` qua sa astfcàjal mainifs urhaltas pfrf `fjdrrajjnúl ia` iîbnjnt tfrnbfrnd ia` sajtdr a`îjtrnjd, astæ snalid snhlnbnjftnvfmalta nlbarndr f`

nlnjnf`malta asparfid? asta abajtd pdiríf al pfrta iacarsa f qua a` pdrjaltfea ianlstf`fjndlas qua gfl iaj`frfid jdltfr jdl sahunmnaltd f 6 ú 3 aeas saríf suparndr fàstnmfid al su iíf.

nn) Za gf ravnsfid f` f`zf `f pravnsnúl ia` nmpdrta h`dcf` ia `f prnmf aqunvfàlta parjncnif pdr `fsnlstf`fjndlas ia jdhalarfjnúl ratrncunifs f tfrnbf, puas `ds prajnds ia` marjfid rahnstrfidsgfl snid nlbarndras f `ds jdlsniarfids al `fs fltarndras gnpútasns.

Ld dcstflta `d fltarndr, sa gf ravnsfid f `f cfef `f pravnsnúl ia prdiujjnúl ia alarhíf aú`njf,cfsælidsa al `ds iftds inspdlncàs f 3; ia injnamcra ia 3;66, qua frrdefl vf`dras nlbarndras f`ds fltarndrmalta fsumnids.

A` jufird qua snhua rasuma `f maedr astnmfjnúl inspdlncà f 3; ia injnamcra ia 3;66 pfrf a`

nmpdrta ia prnmf aqunvfàlta ia` föd 3;665

Al asta saltnid, QLAZF gf astnmfid ulf prnmf aqunvfàlta al 3;66 ia 2.2>2 mn``dlas ia aurds.

Aearjnjnd 3;63

@fs astnmfjndlas ia prnmf aqunvfàlta pfrf a` aearjnjnd 3;63 gfl snid nhuf`malta ravnsfifs f`f`zf, fsjalinalid f 8.336 mn``dlas ia aurds. Altra `fs jfusfs f `fs qua jfca ftrncunr astf ravnsnúljfca jntfr5

n) Za gf jdlsniarfid qua sa axtnalia f 3;63 a` fltainjgd iasjrntd maldr nmpfjtd ia `f`nmntfjnúl ia gdrfs aqunvfàltas ia buljndlfmnaltd ia `fs nlstf`fjndlas bdtdvd`tfnjfs.

nn) Za gf fia`fltfid, raspajtd f `f fltarndr astnmfjnúl raf`nzfif, `f altrfif al buljndlfmnaltdia pfrta ia `fs nlstf`fjndlas ia sd`fr tarmda`îjtrnjf fisjrntfs f `fs jdrraspdlinaltas bfsas iapuastf al sarvnjnd, fprdxnmælidsa f `f mæs rajnalta nlbdrmfjnúl inspdlncà ia fjuarid jdl`ds prdpnds fhaltas fjtnvds al astf tajld`dhíf. Jdl tdid, al a` sald ia` sajtdr a`îjtrnjd samflaefl pravnsndlas qua aàvfrífl `f prdiujjnúl ia alarhíf sd`fr tarmda`îjtrnjf gfstf `ds9.7;; HXg al 3;63, bralta f `ds pdjd mæs ia 3.:;; HXg fquí jdlsniarfids ’axnsta puasfõl rajdrrnid pfrf gnpútasns mæs axpflsnvfs al astf `ílaf, jdl ulf raparjusnúl snhlnbnjftnvfsdcra a` jæ`ju`d bnlf`, `d juf` föfia nljartniumcra f` nmpdrta ia prnmf aqunvfàlta tdtf`.

A` jufird qua snhua rasuma `f maedr astnmfjnúl inspdlncà f 3; ia injnamcra ia 3;66 pfrf a`nmpdrta ia prnmf aqunvfàlta tdtf` al 3;635

Yajld`dhíf[dtaljnf f

:6/63/3;66 (MX)

Alarhnf`nqunifif Ydtf`3;66 (HXg)

Gdrfsutn`nzfjnúl

[rnmfaqunvfàltaulntfrnf 3;66(jalt₠/oXg)

[rnmfAqunvfàltatdtf` 3;66(mn``dlas iaAurds)

JDHALASFJNÚL 2.673 39.>;8 9.;82 1,9: 6.:13

ZD@FS BR 9.677 2.67; 6.11; :7,>6 3.9;1

ZD@FS YA 712 6.29; 3.6>; 39,;; :>9

AÚ@NJF 3;.217 9:.196 3.639 9,6: 6.7;;

GNISÆQ@NJF 3.;91 1.>7; 3.>16 :,>3 3:9

CNDMFZF 813 :.276 1.;;2 8,:1 386

SAZNIQDZ 183 :.;1: 1.:21 :,;1 >:YSFY.SAZNIQDZ 217 9.968 2.86: 8,93 :37

Ydtf` halarf` :1.>6: >:.:>> 8,:2 2.782



37 ia injnamcra ia 3;66 :;

Al asta saltnid, al `f Mamdrnf ajdlúmnjf ia `f [rdpuastf ia Drial sa rajdhal 8.;69 mn``dlas

ia aurds, mnaltrfs qua QLAZF gf astnmfid ulf prnmf aqunvfàlta al 3;63 ia 8.2;7 mn``dlas iaaurds.

Finjndlf`malta, al a` Flaxd NN ia` prasalta nlbdrma sa gfl jdmprdcfid `fs vfrnfjndlasnltrdiujnifs al `fs prnmfs y tfrnbfs ia` rîhnmal aspajnf`, iatajtælidsa arrftfs al ra`fjnúl jdl `ffjtuf`nzfjnúl ia `f prnmf ia rabaraljnf ia` suchrupd c.3.6 (tajld`dhíf aú`njf) y ia `f tfrnbfrahu`fif y `f prnmf ia` suchrupd j.3. , fsí jdmd ia `f tfrnbf pfrf `fs nlstf`fjndlas bdtdvd`tfnjfsfjdhnifs f` Saf` Iajratd 6187/3;;7, ia 32 ia saptnamcra, nlsjrntfs al `fs jdlvdjftdrnfsjdrraspdlinaltas f `ds föds 3;;> y 3;6;.

[dr dtrf pfrta, sahõl sa astfcàja al `f Drial NYJ/:637/3;66, sa nljramaltf f 3; iífs `f

dc`nhfjnúl ia` mfltalnmnaltd ia `fs axnstaljnfs ia hfs lfturf` ia jfræjtar astrftîhnjd ia valtfsbnrmas. Znl amcfrhd, al `f búrmu`f ia fjtuf`nzfjnúl ia `fs tfrnbfs y prnmfs ia `f jdhalarfjnúlastfcàjnifs al a` flaxd RNN ia` Saf` Iajratd 226/3;;8, sa astfcàja a` mfltalnmnaltd ia injgfsaxnstaljnfs pdr 1 iífs. Jdl a` bnl ia qua `f fjtuf`nzfjnúl ia `fs prnmfs y tfrnbfs ia `f jdhalarfjnúltalhf al jualtf `fs vfrnfjndlas al sus jdstas ia sumnlnstrd ia hfs, sa iacaríf fprdvajgfrf`hulf prúxnmf ravnsnúl ldrmftnvf jdl rflhd ia raf` iajratd pfrf fifptfr `f maljndlfif búrmu`fia ravnsnúl, astfcàjnalid ia bdrmf halîrnjf a` lõmard ia iífs ia f`mfjalfmnaltd suctarrælad,vnlju`ælid`d f `f ldrmftnvf vnhalta al jfif jfsd.

1.1 Dparfidr ia` Znstamf

@f prdpuastf ia Drial fsnhlf ulf ratrncujnúl f` Dparfidr ia` Znstamf ia :>.267 mnàs ia aurds,mnaltrfs qua a` rasu`tfid ia fp`njfr `fs judtfs f `ds nlhrasds pravnstds dsjn`f altra 9;.231 mnàsia aurds y 96.338 mnàs ia aurds, iapalinalid ia` asjalfrnd ia iamflif jdlsniarfid. F pasfria qua al `f prdpuastf ia Drial sa astfcàzjf qua sa nljùnræ al `f `nqunifjnúl 69/3;66 `fsinbaraljnfs altra `f ratrncujnúl pravnstf y `ds nlhrasds rasu`tfltas ia fp`njfr `fs judtfsjdlsniarfifs, sa prdpdla su ravnsnúl jdl dceatd ia fiajufr `ds pfhds f `f ratrncujnúl pravnstf.

Finjndlf`malta, astf Jdmnsnúl rantarf `f lajasnifi ia raf`nzfr ul flæ`nsns iatf``fid ia jdstas ia`f fjtnvnifi ia dparfjnúl ia` snstamf qua parmntf jf`ju`fr fiajufifmalta a` nmpdrta qua iacasar bnlfljnfid pdr `ds jdlsumnidras a`îjtrnjds y raf`nzfr ulf prdpuastf bulifmaltfif pfrf

jf`ju`fr su ratrncujnúl ia bdrmf futdmætnjf al jfif parndid tfrnbfrnd.Al a` Flaxd NNN ia` prasalta nlbdrma sa prasaltf ul flæ`nsns sdcra `f ratrncujnúl ia` Dparfidr ia`Znstamf pfrf 3;63.

Yajld`dhíf[dtaljnf f

:6/63/3;63 (MX)

Alarhnf

`nqunifif Ydtf`3;63 (HXg)

Gdrfsutn`nzfjnúl

[rnmfaqunvfàlta

ulntfrnf 3;63(jalt₠/oXg)

[rnmfAqunvfàltatdtf` 3;63

(mn``dlas iaAurds)

JDHALASFJNÚL 2.9>; 31.977 9.;82 9,7: 6.3:3

ZD@FS BR 9.3>2 2.8;: 6.12; :7,>9 3.26;

ZD@FS YA 6.116 3.:32 3.6>; 3:,82 11:

AÚ@NJF 33.229 98.62; 3.3:6 9,66 6.>:8

GNISÆQ@NJF 3.;82 2.;>; 3.>16 :,9> 36:

CNDMFZF 76; :.7>7 1.;;2 2,82 329

SAZNIQDZ 17; :.;7> 1.:21 :,;: >9

YSFY.SAZNIQDZ 217 9.9:8 2.86: 8,3; :3;

Ydtf` halarf` :>.632 >>.6>6 8,37 8.336



37 ia injnamcra ia 3;66 :6

1.2 Dparfidr ia` marjfid

@f Drial NYJ/::1:/3;6; astfcàjnú pfrf a` 3;66 ulf ratrncujnúl pfrf a` Dparfidr ia` Marjfidia 6:.231 mnàs ia aurds, ul 63% suparndr f `f rajdldjnif al 3;6;. @f prdpuastf ia Drialastfcàja `f ratrncujnúl ia` Dparfidr ia` Marjfid Ncîrnjd ia Alarhíf pfrf 3;63 al 69.1;; mnàsia aurds, ul 2,9% suparndr f `f rajdldjnif pfrf 3;66. Injgf ratrncujnúl as a` nmpdrta qua iacaræsar rajfuifid f trfvîs ia `ds prajnds astfcàjnids al `f prdpuastf ia Drial pfrf `ds instnltdsfhaltas. Ydif inbaraljnf altra a` nmpdrta pravnstd y `f jfltnifi rajfuifif saræ ul nlhrasd d jdsta`nqunifcà ia` snstamf.

Al a` Flaxd NR ia` prasalta nlbdrma sa rajdha ul flæ`nsns iatf``fid sdcra `f ratrncujnúl ia`Dparfidr ia` Marjfid pfrf 3;63. Al jdlsajualjnf, jdl a` flæ`nsns prasaltfid, sa prdpdla

astfcàjar `f ratrncujnúl pfrf 3;63 ia DMA@ 6:.231 mnàs ia aurds. F` raspajtd sa fivnarta qua jdmd rasu`tfid ia fp`njfr `ds prajnds bnefids al `f prdpuastf ia Drialf `fs nlstf`fjndlas ia halarfjnúl, f jdmarjnf`nzfidras y jdlsumnidras inrajtds al a` marjfid sadctaliríf ulf rajfuifjnúl pfrf `f ratrncujnúl ia` Dparfidr ia` Marjfid ia 69.19: mnàs iaaurds, pdr `d qua sa prdpdla feustfr injgds prajnds f `f ratrncujnúl prdpuastf pdr `f JLA pfrf a`Dparfidr ia` Marjfid (vîfsa Flaxd NN).Al a` jfsd ia qua `f iamflif buarf nlbarndr f `f pravnstf al `f prdpuastf ia Drial, tf` y jdmd samflnbnastf al a` prasalta nlbdrma, axnstnríf ul rnashd ia rajfuifjnúl ia` nmpdrta astfcàjnid pfrfa` Dparfidr ia` marjfid al `f prdpuastf ia Drial, jdl a` jdlsnhunalta nmpfjtd al a` iîbnjnt ia`snstamf.

Al ra`fjnúl jdl `f tfc`f ia inspdlncn`nifias qua sa nljùya al a` frtíju`d 2 ia `f [rdpuastf f bnl iajf`ju`fr `f pdtaljnf inspdlncà ia jfif tajld`dhíf, sa iacaríf a`nmnlfr a` vf`dr pfrf a` `nhlntdpfrid, ifid qua yf ld sa jdlsuma asta tnpd ia jfrcúl al Aspföf. [frf prúxnmfs ravnsndlas ia `fbnlfljnfjnúl ia` Dparfidr ia` Marjfid, jfcríf raf`nzfr tfmcnîl ulf fjtuf`nzfjnúl ia `dspfræmatrds ia astf tfc`f, ulf vaz qua sa jualta jdl ul parndid ia axparnaljnf mæs fmp`nd sdcraa` buljndlfmnaltd ia f`hulfs tajld`dhífs, jdmd pdr aeamp`d al a` jfsd ia `f ‐tajld`dhíf sd`fr”,idlia ld sa instnlhua altra sd`fr bdtdvd`tfnjf y sd`fr tarmda`îjtrnjf.

Astf Jdmnsnúl jdlsniarf fiajufid a` instnltd insaöd ia prajnds f pfhfr pdr `f halarfjnúl y pdr `fiamflif pfrf `f bnlfljnfjnúl ia DMNA nljùnid al `f prdpuastf ia Drial, talnalid al jualtf quaul prajnd pfrf `f halarfjnúl al ₠/oXg al ùhfr ia ₠/oX parmntnríf su trfs`fjnúl inrajtf f` prajndia` marjfid infrnd, y pdr tfltd sa raparjutnríf tdif `f bnlfljnfjnúl ia DMNA f `f iamflif, al ùhfr

ia fbajtfr f `ds fhaltas ia` marjfid (halarfidras y iamflif) al buljnúl ia `ds sarvnjnds qua saàs prastfl, tf` jdmd axnha `f Zaltaljnf ia` Yrnculf` Zupramd ia 33/66/3;66 al a` Sajursd>3/3;6; .

1.8 Mdrftd rnf lu jàfr

Za prdpdla mfltalar `f judtf ia `f prdpuastf ia Drial jdl dceatd ia avntfr `f aeajujnúl ia `dsfvfàs ia` Astfid jdmd rasu`tfid ia fjtnvfr `fs jdlinjndlas ia nlhrasds mílnmds.

Za fivnarta ia qua a` rasu`tfid ia fp`njfr `fs judtfs sdcra `ds nlhrasds pravnstds pfrf 3;63 dsjn`faltra 1:,; M₠ y 1:,7 M₠, iapalinalid ia` asjalfrnd ia iamflif jdlsniarfid, `d qua suparfaltra 6,2 M₠ y ;,7 M₠ `ds jdstas pravnstds sahõl `f mamdrnf qua fjdmpföf f `f prdpuastf iaDrial, jdl a` jdlsajualta nmpfjtd al a` iîbnjnt ia fjtnvnifias rahu`fifs.




Jufird 66. Jdmpfrfjnúl ia` rasu`tfid ia fp`njfr `f judtf ia Mdrftdrnf Lujàfr ia `f prdpuastf iaDrial f `f pravnsnúl ia nlhrasds ia` aearjnjnd 3;63 y a` pravnstd sahõl `f Mamdrnf qua fjdmpföf f `f

prdpuastf ia DM

Bualta5 JLA, prdpuastf ia DM y Mamdrnf qua `f fjdmpföf(6) Axjùya `ds nlhrasds ia pafeas f halarfidras

1.7 Flu f`nifias pfrf f bnl flj nfjnúl ia` iîbnj nt

Za prdpdla sustntunr `f tfc`f ia` frtíju`d :.6 ia `f prdpuastf ia Drial pdr `f snhunalta5

Jufird 63. Fluf`nifias ia` iasfeusta ia nlhrasds pfrf 3;63

[frf nlbdrmfjnúl qua eustnbnjf injgds vf`dras Rîfsa Flaxd NN ia` prasalta nlbdrma.

Finjndlf`malta, al ra`fjnúl jdl a` iîbnjnt 3;;1 sa nlinjf qua a` rasu`tfid ia fp`njfr `f judtf f `dsnlhrasds pravnstds dsjn`f altra :38.9;> mnàs ia aurds y ::3.;>8 mnàs ia aurds, iapalinalidia` asjalfrnd ia iamflif jdlsniarfid. Za prdpdla mdinbnjfr `f judtf jdrraspdlinalta jdl dceatdfeustfr`f f` jdsta pravnstd. Al jfsd ia jdlsniarfr a` asjalfrnd ia nlhrasds ia `f iamfliffjtuf`nzfif f injnamcra (6:.:292 M₠) y `f fluf`nifi prdpuastf (:6:,: M₠) `f judtf iacnarfastfcàjarsa al 3,:91.

2 Ld sa fp`njfl judtfs sdcra a` pafea ia `ds halarfidras.

[rdpuastf ia

Drial

(mnàs ₠)

[ravnsnúl

fjtuf`nzfif f

injnamcra

(mnàs ₠)

[ravnsnúl ia nlhrasds (6) 6:.119.>2; 6:.:2:.261

Jdljaptd ia jdsta

[rdpuastf ia

Drial

(%)

Nmpdrta judtfs

(mnàs ₠)

(F)

Nmpdrta judtfs

(mnàs ₠)

(C)

Jdstas

prdpuastf DM

(mnàs ₠)

(J)

Inbaraljnf

(mnàs ₠)

(F) - (J)

Inbaraljnf

(mnàs ₠)

(C) - (J)

Mdrftdrnf Lujàfr ;,:>8 1:.76: 1:.;19 13.33; 6.1>9 7:9

Iasfeusta ia nlhrasds Fluf`nifi (₠)

Iîbnjnt ia nlhrasds föd 3;;1 :6:.:13.9>;,;;

Fieuinjftfrnds 3ª sucfstf iîbnjnt ax flta 6;:.23>.>2;,;;

Iîbnjnt axtrfpalnlsu`fr 3;;: - 3;;1 97.723.86>,23

Iîbnjnt axtrfpalnlsu`fr 3;;2 18.>27.696,26

Iîbnjnt ia nlhrasds föd 3;;2 68;.>:1.2::,:;

Iîbnjnt ia nlhrasds föd 3;;7 28.687.>;3,>7

Iîbnjnt ia nlhrasds föd 3;;> 28;.989,;;

Iîbnjnt ia nlhrasds föd 3;6; 3;9.139.:>>,6;

Iîbnjnt ia nlhrasds föd 3;66 398.7;1.>6;,11

Iîbnjnt ia nlhrasds föd 3;63 662.8:7.3;7,:7

Bdlid ia tntu`nzfjnúl >79.762.823,89



37 ia injnamcra ia 3;66 ::

Bnlf`malta sa nlinjf qua, ia ld feustfr `f judtf astfcàjnif al `f prdpuastf ia Drial, a` iîbnjntal `f `nqunifjnúl ia fjtnvnifias rahu`fifs fumaltfríf altra 2,8 M₠ y 66,9 M₠, iapalinalid ia`

asjalfrnd ia nlhrasds pravnstd pfrf 3;63.

1.> Iasfeusta ia aearj nj nds fltar ndras

Al `f prdpuastf ia Drial ld sa nljùya nmpdrta f`huld al jdljaptd ia axjasd iîbnjnt 3;66 sdcraa` `ímnta astfcàjnid al a` SI-@ay 2/3;6;, `d qua ld as jdgaralta jdl `f ldrmftnvf vnhalta. @fInspdsnjnúl finjndlf` vnhîsnmf prnmarf ia `f @ay 19/6>>8 astfcàja :.;;; M₠ ia `ímnta f` iîbnjntia fjtnvnifias rahu`fifs jdrraspdlinalta f` aearjnjnd 3;66. Fsnmnsmd, `f jntfif Inspdsnjnúlastfcàjnú qua gfstf a` 6 ia alard ia 3;6: `fs inspdsnjndlas pdr `fs qua sa fpruacal `ds pafeasia fjjasd iacaræl rajdldjar ia bdrmf axprasf `ds iîbnjnt qua sa astnma puaifl prdiujnrsa al `fs`nqunifjndlas ia fjtnvnifias rahu`fifs. Al jfsd ia qua a` iîbnjnt ia `nqunifjndlas supara f`pravnstd al `f jdrraspdlinalta inspdsnjnúl, injgd iasfeusta sa rajdldjaræ ia bdrmf axprasf al `fs

inspdsnjndlas pdr `fs qua sa ravnsal `ds pafeas ia fjjasd eultd jdl a` tnpd ia nltarîs qua sarajdldzjf.

Ia fjuarid jdl `f @nqunifjnúl ia `f JLA 6;/3;66, a` iîbnjnt ia `f `nqunifjnúl ia fjtnvnifiasrahu`fifs ia 3;66 fsjnalia f :.317 M₠, jnbrf qua suparf al 317 M₠ a` `ímnta astfcàjnid al a`Saf` Iajratd-@ay 2/3;6; pfrf 3;66 (:.;;; M₠). Astf jnbrf, as pfrjnf` y ld tnala al jualtf qua `fsprnmfs ia` rîhnmal aspajnf` sa `nqunifl al idja malsuf`nifias mnaltrfs qua `ds nlhrasds y a`rastd ia jdstas ia fjtnvnifias rahu`fifs sa `nqunifl al 69 `nqunifjndlas.

Al jdlsajualjnf sa jdlsniarf qua al `f Drial sa iacaríf nljùnr jdmd maedr pravnsnúl iaìasfeusta 3;66 a` axjasd sdcra a` `ímnta àhf` qua rasu`tf ia `f `nqunifjnúl 6;/3;66, eultd jdl `dsnltarasas qua jdrraspdlifl, sn cnal injgf jufltíf iacaríf ravnsfrsa al `f mainif qua sa inspdlhfia maedr nlbdrmfjnúl al sujasndlas ravnsndlas tfrnbfrnfs.

Finjndlf`malta, jfca saöf`fr ids Futds ia `f Zf`f ia `d Jdltaljndsd-Fimnlnstrftnvd jdl nmpfjtdal a` iîbnjnt ia fjtnvnifias rahu`fifs ia` aearjnjnd 3;66. Al pfrtnju`fr, jdl bajgf 3; ia injnamcraia 3;66, `f Zf`f ia `d Jdltaljndsd-Fimnlnstrftnvd ia` Yrnculf` Zupramd gf injtfid ids Futdssuspalinalid `f abnjfjnf ia` frtíju`d 6 fpfrtfid 3 ia `f Drial NYJ/3171/3;66 ‚al `f mainif quainspdla, pdr rabaraljnf f` prnmar fpfrtfid ia su flaxd N, `f raiujjnúl ia `ds tîrmnlds iabfjturfjnúl ia alarhíf fjtnvf fp`njfcà f `ds pafeas 3.;F y 3.;IGF, raspajtd ia `ds fltarndrmaltabnefids- . Fsnmnsmd, al uld ia injgds Futds ‚jdrraspdlinalta f` rajursd drinlfrnd 82>/3;66- gfsuspalinid `f aeajutnvnifi ia` frtíju`d 1 ia `f jntfif Drial, tfl sú`d al `d qua fbajtf f `fsjfltnifias yf `nqunififs pdr `f JLA (666,; M₠) al `f bajgf ia altrfif al vnhdr ia injgf

inspdsnjnúl al jdljaptd ia fluf`nifi ia` iasfeusta ia nlhrasds pravnstd pfrf a` föd 3;66.

2 DYSFZ JDLZNIASFJNDLAZ

2.6 Zdcra f Inspds nj núl Fi nj ndlf` Yarjarf. Savns núl ia parb n às ia jdlsumd

Al `f inspdsnjnúl finjndlf` tarjarf sa astfcàja qua Sai A`îjtrnjf ia Aspföf, Z.F. ramntnræfluf`malta ulf prdpuastf ia ravnsnúl ia parbnàs ia jdlsumds, f `ds abajtds ia `d inspuastd al a`frtíju`d :3 ia` Sah`fmaltd ulnbnjfid ia pultds ia mainif ia` snstamf a`îjtrnjd. Astf Jdmnsnúl, tf`y jdmd pusd ia mflnbnastd rajnaltamalta al a` Nlbdrma sdcra a` prdyajtd ia Saf` Iajratd pdr a`qua sa mdinbnjf a` Saf` Iajratd 6>11/3;;;, vf`drf pdsntnvfmalta asta fspajtd, yf qua SaiA`îjtrnjf ia Aspföf, Z.F. jdmd raspdlsfcà ia` snstamf ia mainifs ia` snstamf a`îjtrnjd,

inspdla ia `f maedr nlbdrmfjnúl f` raspajtd.




Ld dcstflta `d fltarndr, astf Jdmnsnúl jdlsniarf qua `f ravnsnúl ia tfàs parbnàs, al `d qua f `dsjdlsumnidras tnpd 1 sa rabnara, iacaríf cfsfrsa, bulifmaltf`malta, al `f nlbdrmfjnúl inspdlncà

al `ds aqunpds ia mainif nltahrfids al `ds snstamfs ia taàhastnúl ia `fs amprasfsinstrncunidrfs. [dr a``d, sa prdpdla `f nljùsnúl al astf inspdsnjnúl finjndlf` tarjarf ia ulsahulid pærrfbd, ia fjuarid jdl a` snhunalta taxtd5

‐[frf `f a`fcdrfjnúl ia `f prdpuastf ia parbnàs pfrf `ds jdlsumnidras tnpd 1, sa taliræ aljualtf `f nlbdrmfjnúl ia `fs amprasfs instrncunidrfs sdcra jdltfidras nlstf`fids, anltahrfids al `ds snstamfs ia taàhastnúl, al jump`nmnaltd ia `ds p`flas ia sustntujnúlastfcàjnids al `f inspdsnjnúl finjndlf` prnmarf ia `f Drial NYJ/:72;/3;;8, ia 37 iainjnamcra, pdr `f qua sa ravnsfl `fs tfrnbfs a`îjtrnjfs f pfrtnr ia` 6 ia alard ia 3;;7.”

2.3 Zdcra `f Inspds nj núl finj ndlf` jufrtf. [rnmf ia rnashd ut n ` nzfif al a`

pr dj ainm nal td ia jæju `d ia fs tfrnbfs ia õ`tnm d raju rsd ia alarhíf a`îjtr njf

@f IF jufrtf (‐[rnmf ia rnashd utn`nzfif al a` prdjainmnaltd ia jæ`ju`d ia `fs tfrnbfs ia õ`tnmdrajursd ia alarhíf a`îjtrnjf” ) ia `f prdpuastf ia Drial astfcàja qua `f prnmf ia rnashd([Sp) utn`nzfif pfrf `f iatarmnlfjnúl ia` jdsta astnmfid ia `f alarhíf al cfsa f `d inspuastdal `ds frtíju`ds > y 6: ia `f Drial NYJ/621>/3;;>, ia 33 ia eulnd, tdmfræ ul vf`dr lu`d f`fp`njfr a` prdjainmnaltd ia jæ`ju`d ia `fs tfrnbfs ia õ`tnmd rajursd qua astîl vnhaltas al jfifmdmaltd f pfrtnr ia 6 ia alard ia 3;63. Al jdlsajualjnf `f prnmf ia rnashd tdmf ul vf`dr lu`dia bdrmf tampdrf` iurflta a` föd 3;63.

Astf Jdmnsnúl vf`drf pdsntnvfmalta astf mainif, jdnljnialta jdl `f prdpuastf ia `f JLA

jdltalnif al a` ‐Nlbdrma ia `f JLA sdcra prdpuastf ia mdinbnjfjnúl ia `f prnmf ia rnashdnljùnif al a` tîrmnld ia` jdsta astnmfid ia `f alarhíf (JA) ia `f tfrnbf ia õ`tnmd rajursd iaalarhíf a`îjtrnjf” , fprdcfid pdr a` Jdlsaed ia astf Jdmnsnúl al su sasnúl ia` iíf 6: iainjnamcra ia 3;66 (nlbdrma ia 6: ia injnamcra).

Al jdljratd, al injgd Nlbdrma JLA sa p`fltafcf `f a`nmnlfjnúl ia `f prnmf ia rnashd nljùnifal a` tîrmnld JA ia `f YQS, cnal f trfvîs ia `f mdinbnjfjnúl ia` frtíju`d >.6 y `f suprasnúl ia`frtíju`d 6: ia `f Drial NYJ/621>/3;;>, ia 33 ia eulnd, d cnal f trfvîs ia `f mdinbnjfjnúl ia`frtíju`d 6:.6 ia `f Drial NYJ/621>/3;;>, ia bdrmf qua sa astfcàjnarf qua `f prnmf tdmfrævf`dr lu`d.

Za saöf`f qua al `f prdpuastf ia Drial sa dptf pdr astf sahulif víf, ia bdrmf qua supdlaulf a`nmnlfjnúl tampdrf` ia `f prnmf f pfrtnr ia 6 ia alard ia 3;63, y ld parmflalta, altfltd al jufltd ld gf snid suprnmnid a` frtíju`d 6: ia `f Drial NYJ/621>/3;;>.

A` Nlbdrma ia 6: ia injnamcra iasfrrd``f `f prdpuastf ia mdinbnjfjnúl ia` tîrmnld ‐prnmf iarnashd” al cfsa f `f axparnaljnf a nlbdrmfjnúl fjumu`fif al `f suparvnsnúl ia` prdjasd iaiasfrrd``d ia `f sucfstf JAZQS, talnalid al jualtf aspajnf`malta a` parndid jdmpralinidiasia `f altrfif al vnhdr ia` Saf` Iajratd :;3/3;66, ia 9 ia mfrzd.

Al asta saltnid al injgd nlbdrma sa saöf`f qua altra `ds rnashds f `ds qua sa albraltf a` JQSy qua pdirífl eustnbnjfr `f axnstaljnf ia ulf prnmf astfríf, al prnmar ùhfr, a` fsdjnfid f `finbaraljnf altra a` vdùmal sd`njntfid pdr `ds JQS pfrf fiqunrnr al `fs sucfstfs JAZQS y a`vdùmal qua bnlf`malta gfl pdinid jucrnr f` prajnd JAZQS. Al asta saltnid iasia `f altrfifal vnhdr ia` SI :;3/3;66, `ds JQS gfl dctalnid ulf jdcarturf f` prajnd JAZQS ia` 6;;% ia




su sd`njntui ia jdmprf, pdr a` abajtd jdmcnlfid ia pfrtnjnpfjnúl al sucfstfs JAZQS y `fprdpnf fp`njfjnúl ia` SI :;3/3;66, pdr `d qua ld sdpdrtfl lnlhõl rnashd pdr asta jdljaptd.

Al sahulid ùhfr, al a` nlbdrma ia 6: ia injnamcra sa jdlsniarú jdmd bualta ia rnashd `dsarrdras ia pravnsnúl f `ds qua sa albraltfl `ds JQS pdr `f inbaraljnf altra `f sd`njntui ia `dsJQS al JAZQS qua sa raf`nzf al cfsa f pravnsndlas ia iamflif y su fiqunsnjnúl iaalarhíf (al tîrmnlds ia prdiujtds cfsa y pultf) iurflta a` parndid ia `nqunifjnúl. A` flæ`nsnsraf`nzfid muastrf qua astds rnashds gfl snid præjtnjfmalta lu`ds, yf qua sn sa tdmf aljdlsniarfjnúl a` parndid iasia `f altrfif al vnhdr ia` ZQS, `f vf`drfjnúl ajdlúmnjf ax-pdstia `ds iasvíds (arrdras ia pravnsnúl), pfrf `f jdyulturf ia prajnds p`fzd-spdt rahnstrfif al a`parndid flf`nzfid, gf snid al tîrmnlds fhrahfids bfvdrfcà pfrf tdids `ds JQS. Fsnmnsmd,iasia al a` parndid jdmpralinid iasia `f altrfif al vnhdr ia` SI :;3/3;66 `f vf`drfjnúlajdlúmnjf ia injgds rnashds gfl snid præjtnjfmalta lu`ds.

[dr tdid `d fltarndr, a` nlbdrma JLA ia 6: ia injnamcra jdlsniarú qua ld sa eustnbnjfcf `faxnstaljnf ia `f prnmf ia rnashd al a` tîrmnld ia` jdsta astnmfid ia `f alarhíf (JA) ia `fYQS, pdr `d qua prdpdlíf su a`nmnlfjnúl d al su iabajtd qua `f prnmf tdmfræ ul vf`dr lu`d.

Za jdlsniarf qua jfcríf nljùnr al `f mamdrnf ia `f prdpuastf ia Drial, jdmd aàmaltd eustnbnjftnvd finjndlf` ia `f IF 9ª, `ds frhumaltds ashrnmnids al a` nlbdrma JLA ia 6: iainjnamcra (y rasumnids al `ds pærrfbds fltarndras) pfrf astfcàjar, f` malds ia bdrmf tampdrf`,ul vf`dr lu`d ia `f prnmf ia rnashd.

2.: Zdc ra f Inspds njnúl Bnlf` [rnm arf. Mdi nb njfjnúl ia f Drial NYJ/:72;/3;;8, ia37 ia i njnamcra, pd r f q ua s a ravnsfl `fs tfrnbfs a`îjtrnj fs f pfrt nr i a` 6 iaalard i a 3;;7

Al `f Inspdsnjnúl Bnlf` [rnmarf sa mdinbnjfl `ds gntds ia` [`fl ia sustntujnúl ia aqunpds iamainif astfcàjnids al a` fpfrtfid 3 ia `f inspdsnjnúl finjndlf` prnmarf ia `f DrialNYJ/:72;/3;;8, ia 37 ia injnamcra, pdr `f qua sa ravnsfl `fs tfrnbfs a`îjtrnjfs f pfrtnr ia` 6 iaalard ia 3;;7, mfltalnalid `f bajgf ia bnlf`nzfjnúl ia` [`fl a` :6 ia injnamcra ia 3;67. Yf` yjdmd saöf`ú astf Jdmnsnúl al su Nlbdrma sdcra a` astfid ia jump`nmnaltd ia` [`fl ia Zustntujnúlia Jdltfidras, fprdcfid pdr a` Jdlsaed ia `f JLA jdl bajgf 39 ia ldvnamcra ia 3;66, sajdlsniarf pdsntnvf `f mdinbnjfjnúl ia `ds p`fzds ia jump`nmnaltd ia` [`fl, yf qua sahõl `ds iftdsrajncnids pdr pfrta ia `fs amprasfs instrncunidrfs trfs `f bnlf`nzfjnúl ia` prnmar parndid, pfrajífpdjd raf`nstf pravar qua f` bnlf` ia` sahulid parndid, astd as, a` :6 ia injnamcra ia 3;63, sa

gucnarf sustntunid a` 1;% ia` pfrqua ia jdltfidras. Ld dcstflta `d fltarndr, ifif `f lajasnifi iainspdlar jufltd fltas ia `fs mainifs rafàs ia `ds jdlsumds (pfrf a` jnarra ia `fs mainifs al a`marjfid, pfrf `f iaj`frfjnúl ia `ds pafeas ia fjjasd, pfrf `f bnefjnúl ia ulds luavasjdabnjnaltas ia pîrinifs astælifras, atj.), astf Jdmnsnúl prdpusd al injgd nlbdrma ul fia`fltdal `f bnlf`nzfjnúl ia` [`fl ia Zustntujnúl ia Jdltfidras, bneælid`d al a` :6 ia injnamcra ia 3;68,`d qua ld gf snid talnid al jualtf al `f mdinbnjfjnúl nljùnif al `f prasalta inspdsnjnúl.

Finjndlf`malta, raspajtd f `f bajgf ia nmp`fltfjnúl ia `ds snstamfs ia taàhastnúl y taàmainifastfcàjnids al `f Drial NYJ/:72;/3;;8, astd as, fltas ia` 6 ia alard ia 3;69, `f juf` ld gf snidmdinbnjfif, astf Jdmnsnúl saöf`ú al su Nlbdrma sdcra a` astfid ia jump`nmnaltd ia` [`fl iaZustntujnúl ia Jdltfidras qua `f sustntujnúl ia `ds aqunpds ia mainif snl su abajtnvf nltahrfjnúlal `ds snstamfs ia taàmainif y taàhastnúl puaia vf`drfrsa, jdmd pdjd, ia nlabnjnalta, f`

prdvdjfr ul fumaltd ia `ds jdstas dparftnvds. Al injgd Nlbdrma sa jntfcf, f mdid ia aeamp`d,qua `ds tnampds, y pdr alia `ds jdstas, ia àjturf nl sntu ia `ds luavds jdltfidras sdlsalsncàmalta mfydras qua `ds ia ds jdstas jdlvaljndlfàs.




Al cfsa f tdid `d fltarndr, `ds luavds p`fzds prdpuastds pdr astf Jdmnsnúl pfrf a` [`fl iaZustntujnúl ia aqunpds ia mainif sdl `ds snhunaltas5

‐Fltas ia` :6 ia injnamcra ia 3;6: iacaræ sustntunrsa ul :1% ia` tdtf` ia` pfrqua iajdltfidras ia gfstf 61 oX ia pdtaljnf jdltrftfif.

Altra a` 6 ia alard ia 3;69 y a` :6 ia injnamcra ia 3;61 iacaræ sustntunrsa ul :1% ia` tdtfìa` pfrqua ia jdltfidras ia gfstf 61 oX ia pdtaljnf jdltrftfif.

Altra a` 6 ia alard ia 3;62 y a` :6 ia injnamcra ia 3;68 iacaræ sustntunrsa ul :;% ia` tdtfìa` pfrqua ia jdltfidras ia gfstf 61 oX ia pdtaljnf jdltrftfif.

@f nltahrfjnúl ia `ds aqunpds sustntunids al `ds jdrraspdlinaltas snstamfs ia taàmainif ytaàhastnúl sa iacaræ fjdmatar ia bdrmf pfrfà`f f `f prdpnf sustntujnúl ia `ds mnsmds”

Al ra`fjnúl jdl `d nlinjfid fltarndrmalta, astf Jdmnsnúl jdlsniarf nmpdrtflta saöf`fr qua vfrnfsamprasfs instrncunidrfs gfl iaj`frfid qua puastd qua ld tnalal dc`nhfjnúl ia nmp`fltfr y talardparftnvds sus snstamfs ia taàhastnúl gfstf a` 6 ia alard ia 3;69, tfmpdjd tnalal `f dc`nhfjnúlia fjtnvfr `f buljnúl ia jdltrd` ia pdtaljnf nljdrpdrfif al `ds luavds jdltfidras, mfltalnalidfjtnvd a` qua yf astfcf nlstf`fid al a` idmnjn`nd. F asta raspajtd, astf Jdmnsnúl yf saöf`ú al suNlbdrma sdcra a` asjrntd prasaltfid pdr ulf fsdjnfjnúl ia jdlsumnidras al ra`fjnúl jdl `fnlstf`fjnúl y jdcrd ia f`qunàr ia `ds luavds jdltfidras ia taàhastnúl, fprdcfid pdr a` Jdlsaedia `f JLA jdl bajgf 39 ia ldvnamcra ia 3;66, qua iacaríf nltarrumpnrsa `f bfjturfjnúl aljdljaptd ia NJ[ al a` mdmaltd ia `f nlstf`fjnúl ia` luavd aqunpd ia mainif,nliapalinaltamalta ia` mdmaltd al a` qua fjtnva `f buljnúl ia jdltrd` ia pdtaljnf. Al a` mnsmdsaltnid, al a` jfsd ia qua a` j`nalta ld tuvnarf nlstf`fid pravnfmalta a` NJ[, astf Jdmnsnúljdlsniarf qua, iasia qua sa nlstf`f a` luavd aqunpd ia mainif, ld jfca `f bfjturfjnúl pdr ulf

pdtaljnf jdltrftfif ia 6; ú 3; oX, sahõl sa astfcàjíf al Inspdsnjnúl finjndlf` prnmarf ia `f `fDrial NYJ 6718/3;;7, ia ia 32 ia eulnd, pdr `f qua sa ravnsfl `fs tfrnbfs a`îjtrnjfs f pfrtnr ia` 6ia eu`nd ia 3;;7

Al cfsa `d fltarndr, astf Jdmnsnúl prdpdla föfinr a` snhunalta pærrfbd5

‐Qlf vaz nlstf`fid a` luavd aqunpd ia mainif jdl taàmainif y taàhastnúl al `ds sumnlnstrdsia gfstf 61 oX ia pdtaljnf jdltrftfif, nliapalinaltamalta ia` mdmaltd qua sa fjtnva `fbuljnúl ia jdltrd` ia pdtaljnf, ld pdiræ bfjturfrsa lnlhulf jfltnifi al jdljaptd ia f`qunària` aàmaltd ia jdltrd` ia pdtaljnf. Yfmpdjd pdiræ fp`njfr `f palf`nzfjnúl al `f bfjturfjnúlia` tîrmnld ia pdtaljnf qua sa astfcàjíf al `f Inspdsnjnúl finjndlf` prnmarf ia `f `f Drial

NYJ 6718/3;;7, ia ia 32 ia eulnd, pdr `f qua sa ravnsfl `fs tfrnbfs a`îjtrnjfs f pfrtnr ia` 6 ia eu`nd ia 3;;7.”

Al ra`fjnúl jdl a` jdltalnid ia` sahulid fpfrtfid ia `f Inspdsnjnúl bnlf` prnmarf ia `f prdpuastfnlbdrmfif, sa saöf`f qua injgd fpfrtfid vnala f mdinbnjfr a` p`fzd ia sans masas astfcàjnid ala` fpfrtfid 9 ia `f Inspdsnjnúl finjndlf` prnmarf ia `f Drial NYJ/:72;/3;;8, jdl a` bnl ia qua `fsamprasfs instrncunidrfs prasaltal al a` p`fzd ia ul mas ‚pfrf su fprdcfjnúl pdr `fs raspajtnvfsJdmulnifias Futúldmfs- `f ravnsnúl ia `ds p`flas ia nlstf`fjnúl ia jdltfidras, fifptfids f `dsluavds gntds iabnlnids al a` luavd fpfrtfid 3 ia injgf inspdsnjnúl ld frtnju`fif.

Astf Jdmnsnúl jdlsniarf f` raspajtd qua, ftalinalid f ulf fiajufif tîjlnjf ldrmftnvf, a` luavd

p`fzd iaca sar astfcàjnid al `f prdpnf Drial ia pafeas ia fjjasd f pfrtnr ia 6 ia alard ia 3;63y ld al `f Drial NYJ/:72;/3;;8 puas, al tf` jfsd y al purnifi, a` p`fzd ia ul mas sa iacarífjdltfr iasia `f altrfif al vnhdr ia `f Drial ia 3;;8 y ld iasia `f altrfif al vnhdr ia `f luavfDrial.




[dr tfltd, sa prdpdla qua a` sahulid fpfrtfid ia `f Inspdsnjnúl bnlf` prnmarf ia `f prdpuastf ia

Drial nlbdrmfif quaia raifjtfid jdmd snhua5

‐Ids. @fs amprasfs instrncunidrfs iacaræl prasaltfr al a` p`fzd ia ul mas iasia `f altrfifal vnhdr ia `f prasalta Drial `f ravnsnúl ia `ds p`flas ia nlstf`fjnúl ia jdltfidras iamainif fiajufids f `ds luavds gntds iabnlnids al `f luavf raifjjnúl ia` fpfrtfid 3 ia `fInspdsnjnúl finjndlf` prnmarf ia `f Drial NYJ/:72;/3;;8, ia 37 ia injnamcra, pdr `f qua saravnsfl `fs tfrnbfs a`îjtrnjfs f pfrtnr ia` 6 ia alard ia 3;;7, snampra qua `ds p`flas prasaltfids jdl fltarndrnifi ld jump`fl _…] ‐.

Bnlf`malta, astf Jdmnsnúl vf`drf pdsntnvfmalta `d saöf`fid al a` õ`tnmd pærrfbd ia astfInspdsnjnúl sdcra `f dc`nhfjnúl ia qua `fs amprasfs instrncunidrfs jdmulnqual f `fs amprasfsjdmarjnf`nzfidrfs, fltas ia` 6 ia mfyd ia 3;63, `f bajgf pravnstf (trnmastra y föd) pfrf `f

sustntujnúl ia` jdltfidr f `ds j`naltas, ia fjuarid f` [`fl ia Zustntujnúl qua sa astfcàja al `fprasalta inspdsnjnúl, fsí jdmd qua al a` p`fzd ia ul mas iasia `f rajapjnúl ia injgfnlbdrmfjnúl, `fs amprasfs jdmarjnf`nzfidrfs rabàeal j`frfmalta al tdifs `fs bfjturfs injgfbajgf. F asta raspajtd, `f JLA al su nlbdrma :9/3;66 sdcra `f [rdpuastf ia Saf` Iajratd pdr `fqua sa mdinbnjf a` Saf` Iajratd 6>11/3;;;, prdpusd `f nljùsnúl ia ulf inspdsnjnúl trflsntdrnf quarajdhnarf injgfs dc`nhfjndlas.

2.9 Zdc ra f Inspds njnúl Bnlf` Yarjarf. Mdi nb njfjnúl ia f Drial NYJ/3139/3;;>, ia7 ia s aptnamcra, pd r `f q ua s a rahu `f a` mîtdi d ia j æju `d ia` nl jaltnv d dpalf`nzfjnúl p frf `f raiu jjn úl ia pîrin ifs f fp`njfr f `f ratrnc uj núl ia `fins tr nc uj núl p frf jfif ulf i a fs amp rasfs ins tr ncu nid rfs ia alarhíf a`îjtrnj f

Al `f inspdsnjnúl bnlf` tarjarf sa mdinbnjf a` jæ`ju`d ia` nljaltnvd ia pîrinifs f fp`njfr f `fratrncujnúl ia `fs amprasfs instrncunidrfs, astfcàjnid al `f Drial NYJ/3139/3;;>, ia 7 iasaptnamcra. Astf Jdmnsnúl vf`drf pdsntnvfmalta `fs mdinbnjfjndlas nltrdiujnifs al a` tîrmnld ia`fs pîrinifs dceatnvd. [dr ulf pfrta, sa gf a`nmnlfid `f nlbùaljnf ia `fs pîrinifs rafàs al `fsraias ia trflspdrta, y pdr dtrf, sa gf nljùnid axprasfmalta `fs pîrinifs dceatnvd iacnifs f `falarhíf qua jnrju`f pdr `fs raias ia ulf instrncunidrf gfjíf dtrfs ucnjfifs fhufs fcfed.

Jfca iastfjfr, qua jdl `f luavf bdrmu`fjnúl ifif, f` a`nmnlfr `fs pîrinifs rafàs al `fs raias iatrflspdrta ia` jæ`ju`d ia `fs pîrinifs dceatnvd, yf ld as pdsncà jf`ju`fr a` nljaltnvd al `dstarrntdrnds nlsu`fras gfstf qua sa aqunpal `fs brdltarfs trflspdrta-instrncujnúl. Zahõl `finspdsnjnúl trflsntdrnf tarjarf ia` Saf` Iajratd 623:/3;66, ia 69 ia ldvnamcra, pdr a` qua sarahu`fl `ds abajtds ia `f altrfif al buljndlfmnaltd ia` al`fja altra a` snstamf a`îjtrnjdpalnlsu`fr y a` cfàfr, y sa mdinbnjfl dtrfs inspdsnjndlas ia` sajtdr a`îjtrnjd, `ds raspdlsfcàs ia`ds pultds brdltarf tnalal ia p`fzd pfrf a``d gfstf a` :6 ia injnamcra ia 3;69

Finjndlf`malta, astf Jdmnsnúl jdlsniarf lajasfrnd rasf`tfr `f nlbùaljnf qua tnala `f utn`nzfjnúl ia`ds jdabnjnaltas astælifras ia pîrinifs, nljùnids al a` Flaxd R ia `f prasalta prdpuastf iaDrial, al a` jæ`ju`d ia` nljaltnvd ia pîrinifs al `ds tarrntdrnds nlsu`fras. Astd sa iaca f qua `dsjdabnjnaltas astælifras jdlsniarfl `fs pîrinifs qua sa prdiujal al `fs raias gfstf `fs cfrrfs iajaltrf`. [dr ulf pfrta, `f halarfjnúl al `ds snstamfs nlsu`fras sa aljualtrf al ulds lnvaàs iatalsnúl nlbarndras f` tarrntdrnd palnlsu`fr, y pdr dtrf `fs raias lajasfrnfs pfrf `àvfr `f alarhífgfstf `ds jdlsumnidras sdl maldras. Zn cnal `f utn`nzfjnúl ia ulds jdabnjnaltas astælifras

halarfàs tnala saltnid f `f gdrf ia raf`nzfr `fs `nqunifjndlas, iasvnrtõf a` jæ`ju`d ia `fs pîrinifsdceatnvd al `fs raias ia instrncujnúl.




[dr tdid a``d, astf Jdmnsnúl jdlsniarf lajasfrnd qua sa jf`juàl ulds jdabnjnaltas zdlfàs pfrfjfif uld ia `ds snstamfs fns`fids ia `ds tarrntdrnds nlsu`fras.

2.1 Arrftfs

Za gf iatajtfid ul arrdr al a` `f raifjjnúl ia` frtíju`d 9.9. Al pfrtnju`fr al a` õ`tnmd nljnsd ia`prnmar pærrfbd y al a` prnmar nljnsd ia` sahulid pærrfbd ia` frtíju`d 9.9 sa gfja rabaraljnf f `fjudtf jdl iastnld aspajíbnjd ZANA, `f juf` bua suprnmnif jdl abajtds 6 ia alard, pdr `fInspdsnjnúl bnlf` prnmarf ia` Saf` Iajratd 623:/3;66, ia 69 ia ldvnamcra, pdr a` qua sarahu`fl `ds abajtds ia `f altrfif al buljndlfmnaltd ia` al`fja altra a` snstamf a`îjtrnjdpalnlsu`fr y a` cfàfr, y sa mdinbnjfl dtrfs inspdsnjndlas ia` sajtdr a`îjtrnjd. F astds abajtds,sa prdpdla f snhunalta mdinbnjfjnúl5

9. @f jdmpalsfjnúl nlsu`fr y axtrfpalnlsu`fr pravnstf pfrf 3;63 fsjnalia f

6.>99.233 Mnàs ia aurds. A` 81 pdr jnaltd ia astf jfltnifi, 6.917.928 Mnàsia aurds, saræ bnlfljnfid jdl jfrhd f `ds [rasupuastds Halarfàs ia` Astfidy a` 31 pdr jnaltd rastflta, 972.611 Mnàs ia aurds, jdl jfrhd f `ds pafeas iafjjasd f trfvîs ia` pdrjaltfea jdrraspdlinalta f qua sa rabnara a` fpfrtfid 6.

@f Jdmnsnúl Lfjndlf` ia Alarhíf nljùnræ al `f `nqunifjnúl 69 ia` föd 3;63 `finbaraljnf, pdsntnvf d lahftnvf, altra `fs jfltnifias parjncnifs pdr `ffp`njfjnúl ia `f judtf astfcàjnif al a` fpfrtfid 6 y `f jufltíf ia `fjdmpalsfjnúl nlsu`fr y axtrfpalnlsu`fr pravnstf jdl jfrhd f `ds pafeas iafjjasd pfrf 3;63. jdmd jdsta `nqunifcà ia` aearjnjnd 3;63 a` nmpdrta pravnstdal a` pærrfbd fltarndr jdl jfrhd f `ds pafeas ia fjjasd. Al juf`qunar jfsd…

Za jdlsniarf lajasfrnd nljùnr al a` frtíju`d 8.6 `f rabaraljnf f qua `ds prajnds ia `f tfrnbf 3.6IGZ sdl `ds astfcàjnids al `f Drial NYJ/3171/3;66, ia 3> ia saptnamcra, pdr `f qua saravnsfl `ds pafeas ia fjjasd, sa astfcàjal `ds prajnds ia `ds pafeas ia fjjasd suparvf`à ysa fjtuf`nzfl iatarmnlfifs tfrnbfs y prnmfs ia `fs nlstf`fjndlas ia` rîhnmal aspajnf`, f pfrtnria 6 ia djtucra ia 3;66.

Za gf iatajtfid ulf arrftf al a` fpfrtfid 6 ia` Flaxd NNN al a` vf`dr ia `f tfrnbf rahu`fif yprnmf ia rabaraljnf jdrraspdlinalta f `fs nlstf`fjndlas ia` suchrupd j.3? `ds vf`drasprdpuastds (2.8:16 y :.9:29 j₠/oXg) iacal sar raamp`fzfids pdr 7,9;>1 y 9,3>;7 j₠/oXg,raspajtnvfmalta.

Za gf iatajtfid ulf arrftf al a` fpfrtfid : ia` Flaxd NR ia `f prdpuastf ia Drial al a` vf`dria `f prnmf ia rabaraljnf jdrraspdlinalta f `fs nlstf`fjndlas ia` suchrupd c.3.6 (tajld`dhífaú`njf) fjdhnifs f` Saf` Iajratd 226/3;;8, ia 31 ia mfyd, qua bnhurf pdr ul nmpdrta ia:,62:: j₠/oXg y iacaríf sar ia 3,;693 j₠/oXg, sahõl sa astfcàja al `f DrialNYJ/::1:/3;6;, ia 37 ia injnamcra. [frf mfydr eustnbnjfjnúl, vîfsa Flaxd NN.

Za gf iatajtfid ulf arrftf al a` fpfrtfid 1 ia` Flaxd NR al a` vf`dr ia `f tfrnbf rahu`fif pfrf`fs nlstf`fjndlas fjdhnifs f` SI 6187/3;;7, ia 37 ia saptnamcra, nlsjrntfs al `fsjdlvdjftdrnfs jdrraspdlinaltas f 3;;> y 3;6;. @ds vf`dras prdpuastds iacarífl sarraamp`fzfids pdr `ds snhunaltas5



37 ia injnamcra ia 3;66 :>

Yfrnbfs rahu`fifs j₠/oXg

Jdlvdjftdrnf JdlvdjftdrnfJdlvdjftdrnf:ar trnmastra

3;;>

Jdlvdjftdrnf9µ trnmastra

3;;>6ar trnmastra

3;;>3µ trnmastra

3;;>

Ynpd N.6 :1,2283 :1,2283 :1,2283 :1,2283

Ynpd N.3 ::,12>6 ::,12>6 ::,12>6 ::,12>6

Ynpd NN ::,12>6 :3,3313 :6,:87; :;,166>

Yfrnbfs rahu`fifs j₠/oXg

Jdlvdjftdrnf JdlvdjftdrnfJdlvdjftdrnf:ar trnmastra

3;6;

Jdlvdjftdrnf9µ trnmastra

3;6;6ar trnmastra

3;6;3µ trnmastra

3;6;

Ynpd N.6Ynpd N.3

Ynpd NN 37,776:




FLAWD N. IAMFLIF AL CFSSFZ IA JALYSF@ ^ IAMFLIF AL JDLZQMD [FSF 3;66 ^3;63

@f iamflif al c.j. pfrf a` jnarra ia 3;66 y 3;63 y `f iamflif al jdlsumd pravnstf pfrf 3;63,sahõl `f nlbdrmfjnúl qua fjdmpföf f `f prdpuastf ia Drial, sa jdrraspdlial `fs pravnsndlasa`fcdrfifs pdr `f JLA y ramntnifs f Zucinrajjnúl Halarf` ia Alarhíf A`îjtrnjf, a` pfsfid 6: iadjtucra, al raspuastf f su sd`njntui nlbdrmfjnúl sdcra invarsds fspajtds pfrf `f a`fcdrfjnúl ia `ftfrnbf a`îjtrnjf jdrraspdlinalta f` aearjnjnd 3;63.

Jufird N.6. Iamflif al cfrrfs ia jaltrf` 3;6; y pravnsndlas pfrf a` jnarra ia 3;66 y 3;63 sahõl `fMamdrnf qua fjdmpföf f `f prdpuastf ia Drial

Bualta5 Mamdrnf qua fjdmpföf f `f prdpuastf ia Drial

Jufird N.3. [ravnsnúl ia iamflif al jdlsumd pfrf a` jnarra 3;66 y 3;63 iasfhrahfif pdr hrupdtfrnbfrnd sahõl `f Mamdrnf qua fjdmpföf f `f prdpuastf ia Drial

Bualta5 Mamdrnf qua fjdmpföf f `f prdpuastf ia Drial

Ld dcstflta, tf` y jdmd sa nlinjú al a` nlbdrma ramntnid f `f Zucinrajjnúl Halarf` ia Alarhíf, sagf prdjainid f fjtuf`nzfr `fs pravnsndlas ia iamflif al cfrrfs ia jaltrf` lfjndlf` y al jdlsumdpfrf a` jnarra ia 3;66 y pfrf 3;63, sahõl `f õ`tnmf nlbdrmfjnúl prdpdrjndlfif pdr a` DZ a`pfsfid 1 ia injnamcra ia 3;66. Al pfrtnju`fr, sahõl injgf nlbdrmfjnúl8 `f iamflif al cfrrfs ia

8 A` Dparfidr ia` Znstamf gf ramntnid õlnjfmalta `f fjtuf`nzfjnúl pfrf `f iamflif al c.j. palnlsu`fr, pdr`d qua sa gfl mfltalnid `fs pravnsndlas ia `f iamflif al c.j. ia `ds snstamfs nlsu`fras yaxtrfpalnlsu`fras.

HXg Föd 3;66 Föd 3;63

3;6; HXg% vfrnfjnúl

3;66 sdcra 3;6; HXg% vfrnfjnúl

3;63 sdcra 3;66

[al nlsu `fr 32;.2;7 31>.:;1 -;,1% 32:.6>1 6,1%

Axtrfpal nlsu `fr 61.629 61.;98 -;,7% 61.378 6,2%

Lfjndlf` 381.88: 389.:13 -;,1% 387.973 6,1%

Znstamf

Jnarra 3;66 [ravnsnúl 3;63 Yfsf ia vfrnfjnúl 3;63 s/3;66 (%)

[afea Lµ j`naltas Jdlsumd (HXg) Lµ j`naltas Jdlsumd (HXg) Lµ j`naltas Jdlsumd (HXg)

CF EF YALZNÚL 37.:2:.;>7 631.;;7 37.19;.278 632.323 ;,2:% 6,;;%

[j ≩ 6; oX 32.292.976 81.:39 32.76:.:1> 82.;6: ;,2:% ;,>3%

6;0 [j ≩ 61 oX >:;.;>: 6;.7>: >:3.31> 6;.>21 ;,3:% ;,22%

[j < 61 oX 872.139 :7.8>6 8>1.;2> :>.37: 6,;>% 6,38%

MA INF YALZ NÚL 6;1.9;: 81.:99 6;2.;82 82.738 ; ,29% 6,>8%

:.6 F 72.1;3 62.79: 72.>:; 68.;69 ;,9>% 6,;6%

2.6 67.>;6 17.1;6 6>.692 1>.76: 6,:;% 3,39%

F@ YF YALZNÚL 3.:28 1;.178 3.9;: 16.891 6,1:% 3,3>%

2.3 6.117 62.696 6.18> 62.992 6,:8% 6,7>%2.: :8: 7.896 :8> >.;16 6,9>% :,11%

2.9 9:2 31.8;1 991 32.397 3,61% 3,66%

YDYF @ IAM FLIF AL JDLZQM D 37.98;.72> 31;.>:> 37.29>.628 319.7:9 ;,2:% 6,11%




jaltrf` pravnstf f` jnarra ia` föd 3;66 fsjaliaræ f 383.;;9 HXg ul 6,9;% nlbarndr f `f iamflifal cfrrfs ia jaltrf` ia` föd 3;6;, `d qua supdla ulf raiujjnúl ia 3.:97 HXg raspajtd ia `f

pravnsnúl ramntnif f `f Zucinrajjnúl Halarf` ia Alarhíf a` pfsfid 6: ia djtucra.

Al jufltd f `f iamflif al cfrrfs ia jaltrf` pravnstf pfrf a` föd 3;63, `f luavf pravnsnúl ia` DZfsjnalia f 383.392 HXg, `d qua supdla ulf vfrnfjnúl ia` ;,6% raspajtd f `f iamflif al cfrrfsia jaltrf` ia` jnarra ia` föd 3;66, al ùhfr ia` nljramaltd ia` 6,1% pravnstd al a` nlbdrma ramntnidf f Zucinrajjnúl Halarf` ia Alarhíf.

@f iamflif al jdlsumd pfrf a` jnarra ia` föd 3;66 y 3;63, rasu`tflta ia fp`njfr a` jdabnjnaltaia pîrinifs mainfs7 (>,:6%) f `f iamflif al c.j. pravnstf pdr a` DZ pfrf a` jnarra ia 3;66 y3;63, al su fjtuf`nzfjnúl ia injnamcra ia 3;66, fsjnalia f 39>.611 HXg (ul ;,8% nlbarndr f `fiamflif al jdlsumd rahnstrfif al 3;6;) y 39>.:6> HXg, raspajtnvfmalta.

Al jufltd f su jdmpdsnjnúl pdr hrupd tfrnbfrnd, sahõl `f õ`tnmf nlbdrmfjnúl inspdlncà(@nqunifjnúl 6;/3;66), sa dcsarvf iurflta 3;66 ul fumaltd ia` jdlsumd ia `ds j`naltasjdlajtfids al f`tf talsnúl (f axjapjnúl ia `ds jdlsumnidras jdlajtfids f f`tf talsnúl 3, juydjdlsumd sa raiuja f pfrtnr ia mfyd ia 3;66) y ulf raiujjnúl al a` jdlsumd ia `ds j`naltas iacfef talsnúl (vîflsa Jufird N.: y Hræbnjd N.6), jdl talialjnf iajrajnalta al fmcds jdàjtnvds.

Jufird N.:. Avdùjnúl ia `f iamflif al jdlsumd iasfhrahfif pdr lnva` ia talsnúl

Bualta5 JLA (ZNLJSD, @nqunifjnúl 6;/3;66)

7 A` jdabnjnalta ia pîrinifs mainfs rasu`tf ia fp`njfr `ds jdabnjnaltas ia pîrinifs astælifras f `f astrujturfia jdlsumds ia 3;6;.

% Rfrnfjnúl s/õ`tnmds 63 masas pdr lnvaàs ia talsnúl

3;66 mfrzd -;,9% -;,7% 6,3% 3,:% :,1% 61,9% 6,8%

fcrn` -6,3% -6,:% ;,>% ;,7% :,6% 69,;% 6,;%

mfyd -6,8% -6,:% 6,;% -;,>% 3,;% 63,>% ;,8%

eulnd -6,:% -6,;% 6,9% -6,1% 6,3% 66,3% ;,8%

eu`nd -3,9% -6,7% 6,;% -6,2% ;,1% 6;,:% ;,;%

fhdstd -3,>% -6,>% ;,>% -6,2% ;,6% 6;,3% -;,3%

F`tf talsnúl9 (≡ 691 oR)

YDYF@

[j ≩ 61 oX [j < 61oX

Föd

Cfef Yalsnúl(0 6 oR)

F`tftalsnúl 6(≡ 6 oR y0 :2 oR)

F`tftalsnúl 3

(≡ :2 oR y0 83,1 oR)

F`tftalsnúl :(≡ 83,1 oR

y 0 691 oR)




Hræbnjd N.6. Yfsf ia vfrnfjnúl fluf` mainf ia 63 masas ia` jdlsumd pdr lnva` ia talsnúl

Bualta5 JLA (ZNLJSD, @nqunifjnúl 6;/3;66)

Yalnalid al jualtf a` aàvfid hrfid ia nljartniumcra sdcra `f avdùjnúl ia `f iamflif pdrtnpd`dhíf ia jdlsumnidras, sa gf dptfid pdr jdlsniarfr pfrf a` jnarra ia 3;66 `f mainf múvn`rahnstrfif f fhdstd ia 3;66 pdr hrupd tfrnbfrnd y al 3;63 pdr jdlsniarfr ulf àva raiujjnúl al `fiamflif ia `ds jdlsumnidras ia cfef talsnúl (;,6%) y ul fumaltd mdiarfid ia` ;,6% y ia`;,2% pfrf `ds jdlsumnidras ia mainf y f`tf talsnúl, raspajtnvfmalta, raspajtd jdlsumd

rahnstrfid al 3;66.

Al a` Jufird N.9 sa prasaltf `f iamflif al jdlsumd pravnstf pfrf a` jnarra ia` föd 3;66,iasfhrahfif pdr hrupd tfrnbfrnd, y `f iamflif al jdlsumd pravnstf pfrf 3;63, sahõl `f õ`tnmffjtuf`nzfjnúl raf`nzfif pdr a` DZ f injnamcra ia 3;66.

-31%

-3;%

-61%

-6;%

-1%

;%

1%

6;%

61%

3;%

31%

f

h d - ; 7

l

d v - ; 7

b a c - ; >

m

f y - ; >

f

h d - ; >

l

d v - ; >

b a c - 6 ;

m

f y - 6 ;

f

h d - 6 ;

l

d v - 6 ;

b a c - 6 6

m

f y - 6 6

f

h d - 6 6

;%1;;;;;;%

6;;;;;;;%

; 6 / ; …

Cfef Yalsnúl (0 6 oR) [j 0 61 oX Cfef Yalsnúl (0 6 oR) [j < 61 oX F`tf talsnúl 6 (≡ 6 oR y 0 :2 oR)

F`tf talsnúl 3 (≡ :2 oR y 0 83,1 oR) F`tf talsnúl : (≡ 83,1 oR y 0 691 oR) F`tf talsnúl 9 (≡ 691 oR)




Jufird N.9. [ravnsnúl ia iamflif al jdlsumd fjtuf`nzfif pfrf a` jnarra ia` föd 3;66 y 3;63iasfhrahfif pdr hrupd tfrnbfrnd

Bualtas5 JLA, DZ.

[afea Jnarra 3;66 3;63 % vfrnfjnúl 3;63sdcra 3;66

CF EF YALZNÚL 63:.28> 63:.16; -;,6%

[j ≩ 6; oX 89.>:6 81.;39 ;,6%

6; oX 0 [j ≩ 61 oX 6;.289 6;.866 ;,:%

[j < 61 oX :7.;89 :8.889 -;,7%

:.; F :7.;89 :8.889 -;,7%

MAINF YALZNÚL 81.332 81.3>8 ;,6%

:.6 F 62.8:1 62.2;7 -;,7%

2.6 17.9>6 17.27> ;,:%

F@ YF YALZNÚL 1;.39> 1;.163 ;,1%

2.3 62.12; 62.:>> -6,;%

2.: 7.:89 7.:6> -;,8%

2.9 31.:61 31.8>9 6,>%

YDYF@ IAMFLIF AL

JDLZQMD 39>.611 39>.:6> ;,6%




FLAWD NN. EQZYNBNJFJNÚL IA @FZ MDINBNJFJNDLAZ [SD[QAZYFZ F @DZ JDZYAZ IAFJJAZD IA @F [SD[QAZYF IA DSIAL

F jdltnlufjnúl sa rasuma a` jæ`ju`d ia `fs instnltfs pfrtnifs ia `ds jdstas ia fjjasd raspajtd f`fs jnbrfs nljùnifs al `f prdpuastf ia Drial iastfjflid `fs snhunaltas inbaraljnfs.

6. SAYSNCQJNÚL IA@ YSFLZ[DSYA

Al `f prdpuastf qua sa nlbdrmf, `f pravnsnúl ia `ds jdstas ia trflspdrta pfrf 3;63 fsjnalia f6.81>.8:> mnàs ia ₠, ia `ds jufàs 6.2;;.286 mnàs ia ₠ jdrraspdlial f` snstamf palnlsu`fr, y61>.;27 mnàs ia ₠ jdrraspdlial f `ds snstamfs nlsu`fras y axtrfpalnlsu`fras. @fs jfltnifiasqua bnhurfl al `f prdpuastf ia Drial sa jdrraspdlial jdl `fs fvflzfifs al a` ‐Nlbdrma sdcra `fsd`njntui ia `f IH[AM ia astnmfjnúl ia jdstas ia `fs fjtnvnifias rahu`fifs pfrf `f a`fcdrfjnúlia `ds pafeas ia fjjasd f pfrtnr ia` 6 ia alard ia 3;63” , fprdcfid pdr a` Jdlsaed ia `f JLA jdlbajgf 6: ia djtucra ia 3;66, iasjdltflid a` nljaltnvd f `f inspdlncn`nifi ia `fs nlstf`fjndlas.

Injgfs jfltnifias iacarífl sar mdinbnjfifs pdr `fs snhunaltas jfusfs. Al prnmar ùhfr, al a`prasalta nlbdrma sa gfl utn`nzfid `ds õ`tnmds vf`dras mfjrdajdlúmnjds, ld inspdlncàs f` jf`ju`fr`f prnmarf pravnsnúl. Al sahulid ùhfr, pdrqua jdl pdstarndrnifi f` alvíd f `f IH[AM ia` rabarnidNlbdrma, sa gf flf`nzfid pdrmaldrnzfifmalta tdif `f nlbdrmfjnúl iaj`frfif pdr `fs amprasfstrflspdrtnstfs y `f jdltalnif al `fs Fuintdrnfs prasaltfifs ra`ftnvfs f` aearjnjnd 3;6;, gfcnîlidsaiatajtfid `f nljùsnúl ia f`hulfs nlstf`fjndlas qua ld iacarífl sar jdlsniarfifs d f`hulfsjuyds iftds ld sa jdrraspdliífl axfjtfmalta jdl `d rajdhnid al `fs jntfifs Fuintdrnfs.

Zdcra `f cfsa ia `d fltarndr, `f ratrncujnúl ia `f fjtnvnifi ia` trflspdrta, talnalid al jualtf a`nljaltnvd f `f inspdlncn`nifi ia `fs nlstf`fjndlas, iacaríf sar `f qua sa rabàef al `f snhunaltaYfc`f5

Satrncujnúl Yrflspdrta (Mnàs ia ₠)

YDYF@ [ALNLZQ@FS 6.172.3;8

Sai A`îjtrnjf ia Aspföf, Z.F. 6.191.6>3

Qlnúl Baldsf Instrncujnúl, Z.F. 96.;61

YDYF@ AWYSF[ALNLZQ@FS 619.9::

Sai A`îjtrnjf ia Aspföf, Z.F. 619.9::

YDYF@ 6.89;.29;

As prajnsd saöf`fr qua pfrf a` jæ`ju`d ia `f ratrncujnúl fsdjnfif f `fs nlstf`fjndlas ia 33; oRpuastfs al sarvnjnd f pfrtnr ia` 6 ia alard ia 3;;7, tfltd palnlsu`fras jdmd axtrfpalnlsu`fras, sagfl utn`nzfid `ds vf`dras ulntfrnds ia rabaraljnf qua bnhurfl al `f Drial NYJ/:27/3;66, ia 36 iabacrard, pdr `f qua sa fpruacfl `ds vf`dras ulntfrnds ia rabaraljnf pfrf `ds jdstas ia nlvarsnúl yia dparfjnúl y mfltalnmnaltd pfrf `fs nlstf`fjndlas ia trflspdrta, pdr aàmaltd ia nlmdvn`nzfid,qua saræl fp`njfcàs f `fs nlstf`fjndlas puastfs al sarvnjnd f pfrtnr ia` 6 ia alard ia 3;;7.

[dr su pfrta, pfrf `fs nlstf`fjndlas fltarndras f` 6 ia alard ia 3;;7 sa gfl utn`nzfid `dspfræmatrds mfjrdajdlúmnjds astfcàjnids al a` Saf` Iajratd 376>/6>>7, mnaltrfs qua pfrf `fs

nlstf`fjndlas puastfs al sarvnjnd iaspuîs ia` 6 ia alard ia 3;;7 sa utn`nzfl `ds astfcàjnids ala` Saf` Iajratd :31/3;;7.




Jfca iastfjfr qua, ia fjuarid jdl `d astfcàjnid al a` Saf` Iajratd :31/3;;7, al `ds jæ`ju`dsraf`nzfids sa gfl talnid al jualtf `ds jdstas ia dparfjnúl y mfltalnmnaltd iasia `f bajgf ia

puastf al sarvnjnd ia `fs nlstf`fjndlas ia 3;66, ifid qua f `f bajgf ia raf`nzfjnúl ia` prasaltaNlbdrma sa jdldja, jdl jfræjtar jnartd pfrf `f mfydríf ia `fs nlstf`fjndlas y jdl jfræjtarfprdxnmfid pfrf a` rastd, injgfs bajgfs ia puastf al sarvnjnd. Znl amcfrhd, ld sa gfljdlsniarfid pfrf su ratrncujnúl `fs nlstf`fjndlas qua astæ pravnstd pdlar al sarvnjnd al a` prdpndaearjnjnd tfrnbfrnd ia 3;63, ifid qua, jdmd astf Jdmnsnúl yf gf mflnbastfid al fltarndrasNlbdrmas ia `f mnsmf lfturfàzf, as prajnsd nlstrumaltfr ul prdjainmnaltd qua hfrfltnja `fcdlifi ia f nlbdrmfjnúl iaj`frfif pdr fs amprasfs trflspdrtnstfs.

[dr dtrf pfrta, a` Saf` Iajratd :31/3;;7 astfcàja al su inspdsnjnúl finjndlf` jufrtf qua safp`njfræ ulf cdlnbnjfjnúl d palf`nzfjnúl al jdljaptd ia nljaltnvd h`dcf` f `f inspdlncn`nifi quasaræ iabnlnid pdr Drial Mnlnstarnf`. F `f bajgf ia a`fcdrfjnúl ia` prasalta Nlbdrma, ld sa gffprdcfid `f jntfif Drial, pdr `d qua a` nljaltnvd pdr inspdlncn`nifi gf snid jf`ju`fid ia fjuarid

jdl `f bdrmu`fjnúl astfcàjnif al a` Saf` Iajratd 376>/6>>7, tf` y jdmd sa raf`nzú al aearjnjndsföds fltarndras. Finjndlf`malta, sa gf fp`njfid, ia fjuarid jdl `d astfcàjnid al `f rabarnifinspdsnjnúl finjndlf` jufrtf, `f `nmntfjnúl ia` nljaltnvd f` ¶3% ia `ds nlhrasds flufàs ia `famprasf trflspdrtnstf al jdljaptd ia ratrncujnúl pdr jdstas ia nlvarsnúl. Fsí mnsmd, as prajnsdsaöf`fr qua `f nlbdrmfjnúl ra`ftnvf f `f inspdlncn`nifi ia `fs nlstf`fjndlas utn`nzfif pfrf a` jæ`ju`dia injgd nljaltnvd gf snid `f ramntnif pdr a` Dparfidr ia` Znstamf y Hastdr ia `f Sai iaYrflspdrta, y fcfrjf õlnjfmalta a` parndid ia alard f eu`nd ia 3;66, pdr `d qua `ds vf`drasdctalnids iacal jdlsniarfrsa jdmd prdvnsndlfàs. Zu jæ`ju`d iabnlntnvd ld pdiræ sar raf`nzfidgfstf al tfltd ld sa inspdlhf ia `f nlbdrmfjnúl iacnifmalta fuintfif jdrraspdlinalta f tdid aàearjnjnd 3;66.

Inspdlncn`nifi(parndid alard-eu`nd 3;66)

NN (%) Ir (%)SAA 6,71% >7,61%

QBI 3,82% >8,39%

Bualta5 SAA

Yalnalid al jualtf tfàs ílinjas ia inspdlncn`nifi, a` nljaltnvd fsdjnfid f `f mnsmf, as a` qua sarabàef al `f snhunalta Yfc`f5

Nljaltnvd f `f inspdlncn`nifi (Mnàs ia ₠) [ALNLZQ@FS 67.3;2

Sai A`îjtrnjf ia Aspföf, Z.F. 67.6;1

Qlnúl Baldsf Instrncujnúl, Z.F. 6;6

AWYSF[ALNLZQ@FS ;

Sai A`îjtrnjf ia Aspföf, Z.F. ;

YDYF@ 67.3;2




3. SAYSNCQJNÚL IA @F INZYSNCQJNÚL

Al `f [rdpuastf ia Drial qua sa nlbdrmf, `ds jdstas prdvnsndlfàs pfrf 3;66 ia `fs amprasfsinstrncunidrfs ia mæs ia 6;;.;;; j`naltas y ia BARFZF y ZD@FLFS sdl niîltnjds f `ds qua sabnefrdl al `f Drial NYJ/::1:/3;6;, ia 37 ia injnamcra, pdr `f qua sa astfcàjal `ds pafeas iafjjasd f pfrtnr ia 6 ia alard ia 3;66 y `fs tfrnbfs y prnmfs ia `fs nlstf`fjndlas ia rîhnmalaspajnf`. Ia altrfif jfca saöf`fr qua `f jfltnifi astfcàjnif pfrf `f amprasf Qlnúl BaldsfInstrncujnúl, Z.F. ld nljdrpdrf `f ratrncujnúl jdrraspdlinalta f `f amprasf Luastrf Zaödrf ia `fZdàifi ia Yalin``f y @upnflf (692 mnàs ia ₠ ia fjuarid jdl `f jntfif `f Drial NYJ/::1:/3;6;,ia 37 ia injnamcra), qua gf snid nltahrfif jdl abajtds 6 ia alard ia 3;66 al Qlnúl BaldsfInstrncujnúl, Z.F.

Finjndlf`malta, `f [rdpuastf ia Drial astfcàja qua `ds jdstas prdvnsndlfàs pfrf 3;66 ia astajdàjtnvd ia amprasfs iacaræl sar ravnsfids sdcra `f cfsa ia` nlbdrma f qua gfja rabaraljnf a`

frtíju`d 7.6 ia` Saf` Iajratd 333/3;;7, ia 61 ia bacrard. Niîltnjf pravaljnúl astfcàja `f[rdpuastf ia Drial al ra`fjnúl jdl `ds jdstas prdvnsndlfàs pfrf 3;63, `ds jufàs gfl snidjf`ju`fids fp`njflid f `ds prdvnsndlfàs ia 3;66 ul nljramaltd ia` 6,;7%, qua as a` fjtuf`nzfidria prajnds ia` föd 3;63 (NF3;63) sahõl `f tarmnld`dhíf ia` jntfid Saf` Iajratd 333/3;;7. F astaraspajtd, as prajnsd saöf`fr qua a` jntfid nlbdrma, cfed a` títu`d ia ‐[rdpuastf ia ratrncujnúliabnlntnvf pfrf a` föd 3;66 y ia ratrncujnúl prdvnsndlf` pfrf a` föd 3;63 pdr `f fjtnvnifi iainstrncujnúl ia alarhíf a`îjtrnjf ia `fs amprasfs instrncunidrfs sueatfs f `nqunifjndlas jdlfltarndrnifi f` 6 ia alard ia 3;;>” , gf snid fprdcfid pdr a` Jdlsaed ia `f JLA jdl bajgf 36 iainjnamcra ia 3;66.

Yf` y jdmd sa saöf`f al a` rabarnid Nlbdrma ia bajgf 36 ia injnamcra ia 3;66, y pdr `ds mdtnvdsal î` rajdhnids, sa altnalia prajnsd prdjaiar f `f jdrrajjnúl ia `f ratrncujnúl iabnlntnvf pfrf a`

föd 3;6;. [dr a``d, sdcra `f cfsa ia `ds jæ`ju`ds raf`nzfids y `ds nmpdrtas rajdhnids al a` jntfidNlbdrma ia bajgf 36 ia injnamcra ia 3;66, sa altnalia lajasfrnd mdinbnjfr y ralumarfr a` frtíju`d3 ia `f [rdpuastf ia Drial, ia fjuarid jdl a` snhunalta taldr5

Frtíju`d 3. Savnsnúl ia `ds jdstas ia instrncujnúl pfrf 3;6; y 3;66 y pravnsnúl ia `ds jdstasia instrncujnúl y hastnúl jdmarjnf` pfrf 3;63.

1. @ds jdstas iabnlntnvds pfrf 3;6; jdrraspdlinaltas f `fs amprasfs instrncunidrfs jdl mæsia 6;;.;;; j`naltas y BARFZF y ZD@FLFS, iaiujnids `ds dtrds nlhrasds iarnvfids ia `dsiarajgds ia fjdmatnif, alhfljgas, varnbnjfjnúl y f`qunàr ia fpfrftds ia mainif, nljùnid a`nljaltnvd d palf`nzfjnúl f `f maedrf ia `f jf`nifi ia` sarvnjnd, sa bnefl al `fs snhunaltas

jufltífs5






ALIAZF palnlsu`fr (**)


BARFZF

ZD@FLFS

6.1>:.63:

81;.;82

616.919

699.29;

6.8:9.8:>

:;7.137

6.;13

:::




YDYF@ 9.27:.>91

(*) Jdmd jdlsajualjnf ia `f nltahrfjnúl ia `fs amprasfs instrncunidrfs Aàjtrf ia` Lflsf, Z.@., y

Aàjtrf Jfmneflas, Z.@., al A.DL INZYSNCQJNÚL, Z.@., `f ratrncujnúl ia tfàs amprasfsjdrraspdlinalta f 3;6;, qua fsjnalia f >3.197 aurds, sa föfia f `f ratrncujnúl jdrraspdlinalta fA.DL INZYSNCQJNÚL, Z.@., pfrf a` föd 3;6;.(**) A` nljaltnvd ia jf`nifi ia ALIAZF axtrfpalnlsu`fr sa aljualtrf nljùnid al a` ia ALIAZF palnlsu`fr.

2. @ds jdstas prdvnsndlfàs pfrf 3;66 jdrraspdlinaltas f `fs amprasfs instrncunidrfs jdlmæs ia 6;;.;;; j`naltas y BARFZF y ZD@FLFS, iaiujnids `ds dtrds nlhrasds iarnvfids ia`ds iarajgds ia fjdmatnif, alhfljgas, varnbnjfjnúl y f`qunàr ia fpfrftds ia mainif, nljùnida` nljaltnvd d palf`nzfjnúl f `f raiujjnúl ia pîrinifs y snl nljùnr a` nljaltnvd d palf`nzfjnúl f`f maedrf ia `f jf`nifi ia` sarvnjnd sa bnefl al `fs snhunaltas jufltífs5

Ampr asf d hrup d amprasfrnf ` (Mn às ia aurds)NCASISD@F INZYSNCQJNÚL A@ÎJYSNJF, Z.F.Q.




ALIAZF palnlsu`fr


BARFZF (**)

ZD@FLFS (**)

6.223.712

876.6>6

618.;16

616.17:

6.8>7.;72

:68.8>>

6.;77

::2 YDYF@ 9.72>.>>;

(*) Jdmd jdlsajualjnf ia `f nltahrfjnúl ia Luastrf Zaödrf ia `f Zdàifi ia Yalin``f y @upnflf alQlnúl Baldsf Instrncujnúl, Z.F, `f ratrncujnúl ia injgf amprasf sa föfia f `f ratrncujnúl ia QlnúlBaldsf Instrncujnúl Z.F. (692 mnàs ia ₠, ratrncujnúl rajdldjnif f `f jntfif amprasf al `f DrialNYJ/::1:/3;6;, ia 37 ia injnamcra.(**) Ia fjuarid f` frtíju`d 7.9 ia` SI 333/3;;7 f `fs amprasfs BARFZF y ZD@FLFS ld à sdl iafp`njfjnúl `ds nljaltnvds ia jf`nifi y pîrinifs.

Astds jdstas saræl ravnsfids ulf vaz sa inspdlhf ia `f nlbdrmfjnúl lajasfrnf pfrf jf`ju`fra` nljaltnvd d palf`nzfjnúl f `f maedrf ia `f jf`nifi ia` sarvnjnd.

8. @ds jdstas prdvnsndlfàs pfrf 3;63 jdrraspdlinaltas f `fs amprasfs instrncunidrfs jdlmæs ia 6;;.;;; j`naltas y BARFZF y ZD@FLFS, iaiujnids `ds dtrds nlhrasds iarnvfids ia`ds iarajgds ia fjdmatnif, alhfljgas, varnbnjfjnúl y f`qunàr ia fpfrftds ia mainif, snlnljùnr a` nljaltnvd d palf`nzfjnúl f `f raiujjnúl ia pîrinifs y a` nljaltnvd d palf`nzfjnúl f `fmaedrf ia `f jf`nifi ia` sarvnjnd sa bnefl al `fs snhunaltas jufltífs5





A.DL INZYSNCQJNÚL, Z.@.

ALIAZF ([ALNLZQ@FS) (*)

6.8:2.98;

7:;.:72

626.373

611.8>>

6.77>.::>




(*) A` nljramaltd ia ratrncujnúl fsdjnfid f` nljramaltd ia fjtnvnifi (^) ia ALIAZF axtrfpalnlsu`frsa aljualtrf nljùnid al a` ia ALIAZF palnlsu`fr.(**) Ia fjuarid f` frtíju`d 7.9 ia` SI 333/3;;7 f `fs amprasfs BARFZF y ZD@FLFS ld à sdl iafp`njfjnúl `ds nljaltnvds ia jf`nifi y pîrinifs.

Ld dcstflta, tf` y jdmd sa saöf`f al a` jntfid Nlbdrma ia bajgf 36 ia injnamcra ia 3;66, jfcrífraiujnr `f ratrncujnúl ia asta jdàjtnvd ia amprasfs sn, pdr rfzdlas ia abnjnaljnf, sanljramaltfrfl, mainflta Drial Mnlnstarnf`, `ds vf`dras ia `ds pfræmatrds x a y , a``d jdmd

jdlsajualjnf ia qua al `f ratrncujnúl ia jfif föd ia` parndid rahu`ftdrnd sa nljdrpdrfl luavdsfjtnvds, f su vf`dr crutd, qua sa fjtuf`nzfl sujasnvfmalta snl jdlsniarfr su iaprajnfjnúl f `d`frhd ia injgd parndid rahu`ftdrnd.

Fsí mnsmd, al ra`fjnúl jdl a` fltarndr fpfrtfid 6, sa altnalia lajasfrnd qua al `f Drial quabnlf`malta sa nljùyf `f snhunalta inspdsnjnúl finjndlf`5

Inspdsnjnúl finjndlf` xxxx. @nqunifjnúl ia `f ravnsnúl ia `ds jdstas ia instrncujnúl pfrf 3;6;.

@fs fsnhlfjndlas ia jdstas jdrraspdlinaltas f `f ravnsnúl ia `ds jdstas ia instrncujnúl pfrf3;6; qua bnhurfl al a` frtíju`d 3.6 ia `f prasalta Drial, saræl `nqunififs al `fs `nqunifjndlasia `fs fjtnvnifias rahu`fifs ia` föd 3;66.

Al ra`fjnúl jdl a` fpfrtfid : ia `f [rdpuastf ia Drial, qua sahõl `f ralumarfjnúl prdpuastfpfsfríf f sar a` fpfrtfid 9, `f ratrncujnúl pfrf 3;63 jdrraspdlinalta f `fs amprasfs instrncunidrfsia malds ia 6;;.;;; j`naltas, qua nljùya `f jdrraspdlinalta f `f hastnúl jdmarjnf`, f`jflzf ulvf`dr prdvnsndlf` ia :29.366,7;1 Mnàs ia aurds, `d qua supdla ul nljramaltd sdcra 3;66 ia`6,;7%, qua as a` fjtuf`nzfidr ia prajnds ia` föd 3;63 (NF3;63) sahõl `f tarmnld`dhíf ia` SafÌajratd 33383;;7. Asta pdrjaltfea sa gf fp`njfid f tdids y jfif uld ia astds instrncunidras, iafjuarid jdl `fs jnbrfs rajdhnifs al a` flaxd NN ia `f [rdpuastf ia Drial idlia bnhurf a` iatf`àia jfif uld ia a``ds. Nhuf`malta, al asta fpfrtfid sa gf nljùnid `f mnsmf pravaljnúl qua al `dsfpfrtfids fltarndras, al jufltd f `f qua tfàs jdstas saræl ravnsfids ulf vaz sa inspdlhf ia`nlbdrma f qua gfja rabaraljnf a` frtíju`d 7.6 ia` Saf` Iajratd 333/3;;7, ia 61 ia bacrard. F astaraspajtd, jfca saöf`fr qua a` rabarnid Nlbdrma bua fprdcfid pdr a` Jdlsaed ia `f JLA jdl bajgf 6

ia injnamcra ia 3;66 y dpdrtulfmalta ramntnid f` Mnlnstarnd. F` nhuf` qua al `ds fltarndras födsia` parndid rahu`ftdrnd, `fs ratrncujndlas prdpuastfs pdr `f JLA pfrf asta jdàjtnvd ia amprasfsgfl snid jf`ju`fifs fp`njflid `f inspdsnjnúl trflsntdrnf jufrtf ia` Saf` Iajratd 333/3;;7 ysnhunalid niîltnjf matdid`dhíf. [dr a``d, astf Jdmnsnúl altnalia qua `f ratrncujnúl ia astajdàjtnvd ia amprasfs instrncunidrfs iacaríf dcaiajar f `ds nmpdrtas rajdhnids al a` jntfidNlbdrma ia `f JLA ia bajgf 6 ia injnamcra ia 3;66, y sar iaj`frfids jdmd pravnstds, ld jdmd prdvnsndlfàs. [dr tdid `d fltarndr, sa prdpdla `f snhunalta raifjjnúl pfrf asta fpfrtfid5

7. [frf `fs amprasfs instrncunidras jdl malds ia 6;;.;;; j`naltas, a` jdsta fjraintfid pravnstd ia `f ratrncujnúl ia `f fjtnvnifi ia instrncujnúl y hastnúl jdmarjnf` saræ, pfrf a`föd 3;63, ia :8:.;28,:32 Mnàs ia aurds, sahõl a` iash`dsa qua bnhurf al a` flaxd NN.

[dr su pfrta, a` Flaxd NN ia `f [rdpuastf ia Drial iacaríf sar sustntunid pdr a` qua bnhurf jdmd Flaxd R ia` prasalta Nlbdrma, al a` qua sa gfl jdrrahnid ids arrdras qua bnhurfcfl al a` Nlbdrmaia `f JLA ia bajgf 6 ia injnamcra ia 3;66 y sa gf föfinid `f amprasf S6-:21 A@AJYSF

ALIAZF (AWYSF[ALNLZQ@FS)

BARFZF (**)

ZD@FLFS (**)

:67.:21

6.6;1

:96

YDYF@ 1.;>:.;78




SAIALASHÍF, Z.@., juyf Sasdùjnúl ia nlsjrnpjnúl al a` Sahnstrd ia Instrncunidras ia` Mnlnstarndsa rajncnú al `f JLA jdl pdstarndrnifi f `f amnsnúl ia` jntfid Nlbdrma.

Ld dcstflta, tf` y jdmd sa saöf`f al a` jntfid Nlbdrma ia bajgf 6 ia injnamcra ia 3;66, jfcrífraiujnr `f ratrncujnúl ia asta jdàjtnvd ia amprasfs sn, pdr rfzdlas ia abnjnaljnf, sanljramaltfrfl, mainflta Drial Mnlnstarnf`, `ds vf`dras ia `ds pfræmatrds x a y.

[dr õ`tnmd, al ra`fjnúl jdl `ds jdstas rajdldjnids f pfrtnr ia 6 ia alard ia 3;63 iastnlfids f `fratrncujnúl ia `f hastnúl jdmarjnf` raf`nzfif pdr `fs amprasfs instrncunidrfs, al `f prdpuastf iaDrial qua sa nlbdrmf sa bnefl `ds mnsmds al 332.1>6 Mnàs ia aurds, qua jdnljnia axfjtfmaltajdl `f jfltnifi fprdcfif mainflta `f Drial NYJ/::1:/3;6;, ia 37 ia injnamcra, pdr `f qua saravnsfl `ds pafeas ia fjjasd f pfrtnr ia 6 ia alard ia 3;66 y `fs tfrnbfs y prnmfs ia `fsnlstf`fjndlas ia rîhnmal aspajnf`. F` raspajtd, astf Jdmnsnúl jdmpfrta a` mfltalnmnaltd ia`jntfid vf`dr.

:. [SNMFZ IA@ SÎHNMAL AZ[AJNF@

Zahõl `f nlbdrmfjnúl qua sa fjdmpföf f `f prdpuastf ia Drial, al vnrtui ia `d pravnstd al a`Saf` Iajratd 226/3;;8, ia 31 ia mfyd, pdr a` qua sa rahu`f `f fjtnvnifi ia prdiujjnúl ia alarhífa`îjtrnjf al rîhnmal aspajnf`, sa prdjaia f `f fjtuf`nzfjnúl fluf` d trnmastrf`, sahõl jdrraspdlif,ia `fs tfrnbfs, prnmfs, `ímntas suparndr a nlbarndr y iatarmnlfids jdmpàmaltds, ia `fsnlstf`fjndlas rajdhnifs al a` mnsmd.

Al a` jfsd ia `f jdhalarfjnúl, `fs fjtuf`nzfjndlas sa rabnaral f` prnmar trnmastra ia 3;63.

Saspajtd f `fs fjtuf`nzfjndlas flufàs5

@fs fjtuf`nzfjndlas flufàs sa raf`nzfl, ia fjuarid f` prdjainmnaltd astfcàjnid al a` flaxd RNNia` Saf` Iajratd 226/3;;8 d f `f fp`njfjnúl inrajtf ia `f vfrnfjnúl ia` ílinja ia rabaraljnf, sahõlsa rajdef al a` prdpnd raf` iajratd jntfid, sahõl jdrraspdlif, pfrf fs snhunaltas nlstf`fjndlas5

6. [frf `fs nlstf`fjndlas ia` suchrupd f.6.9 y ia` hrupd f.3, al buljnúl ia `f avdùjnúl ia`prajnd ia` jfrcúl y ia` N[J, raspajtnvfmalta, sahõl a` F;laxd RNN ia` jntfid raf` iajratd.

3. [frf `fs nlstf`fjndlas ia `f jftahdríf c), ia` suchrupd f.6.:, y ia `f inspdsnjnúl trflsntdrnfiîjnmf, tdmflid jdmd rabaraljnf a` nljramaltd ia` N[J malds 31 pultds cæsnjds.

:. [frf `fs nlstf`fjndlas ia `ds hrupds j.6 y j.:, tdmflid jdmd rabaraljnf a` nljramaltd ia`N[J . Saspajtd ia `f fjtuf`nzfjnúl ia` hrupd j.9, a` SI 226/3;;8 astfcàja qua saraf`nzfræ ftalinalid f` nljramaltd ia` N[J, fsí jdmd `f avdùjnúl ia` marjfid iaaàjtrnjnifi y ia` marjfid ia` jfrcúl al `ds marjfids nltarlfjndlfàs, pdliarfid f` 1;%.

9. [frf `fs nlstf`fjndlas fjdhnifs f` fpfrtfid 3 ia `f inspdsnjnúl finjndlf` saxtf ia` SafÌajratd 226/3;;8, ia 31 ia mfyd, tdmflid jdmd rabaraljnf a` nljramaltd ia` N[J.

1. [frf `fs nlstf`fjndlas fjdhnifs f` fpfrtfid : ia `f inspdsnjnúl finjndlf` saxtf ia` SafÌajratd 226/3;;8, ia 31 ia mfyd, ‐jdl a` mnsmd nljramaltd qua às saf ia fp`njfjnúl f`fs nlstf`fjndlas ia `f jftahdríf f.6.6.” .

2. Nhuf`malta sa prdjaia f `f ravnsnúl ia` vf`dr ia` jdmpàmaltd pdr alarhíf rafjtnvfrahu`fid al a` frtíju`d 3>.6 ia` Saf` Iajratd 226/3;;8, y ia` jdmpàmaltd pdr jdltnlunifiia sumnlnstrd bralta f guajds ia talsnúl, tdmflid al fmcds jfsds jdmd rabaraljnf a`nljramaltd ia` N[J malds 31 pultds cæsnjds.

Bnlf`malta, ia fjuarid jdl a` frtíju`d 63 ia` SI 6187/3;;7, sa fjtuf`nzfl `ds vf`dras ia `fsnlstf`fjndlas bdtdvd`tfnjfs nlsjrntfs al a` rahnstrd ia pra fsnhlfjnúl ia ratrncujnúl al `fsjdlvdjftdrnfs jdrraspdlinaltas f` föd 3;;> y 3;6;.




@ds vf`dras rasu`tfltas al `fs tfrnbfs, prnmfs y jdmpàmaltds sueatds f astf vfrnfjnúl, nljùnidsal a` flaxd NR ia `f prdpuastf ia Drial, sdl jdgaraltas jdl `f vfrnfjnúl ia `ds pfræmatrds qua

fbajtfl f injgfs fjtuf`nzfjndlas nlinjfifs al `f prdpuastf ia Drial>

.

Õlnjfmalta, astf Jdmnsnúl iastfjf qua sa gf iatajtfid ulf arrftf al a` fpfrtfid : ia` Flaxd NRia `f prdpuastf ia Drial al a` vf`dr ia `f prnmf ia rabaraljnf jdrraspdlinalta f `fs nlstf`fjndlasia` suchrupd c.3.6 (tajld`dhíf aú`njf) fjdhnifs f` Saf` Iajratd 226/3;;8, ia 31 ia mfyd, quabnhurf pdr ul nmpdrta ia :,62:: j₠/oXg y iacaríf sar ia 3,;693 j₠/oXg.

F asta raspajtd, jfca rajdrifr qua a` pærrfbd prnmard ia` frtíju`d 1 Saf` Iajratd 6269/3;6;, ia 8ia injnamcra, pdr `f qua sa rahu`fl y mdinbnjfl iatarmnlfids fspajtds ra`ftnvds f `f fjtnvnifi iaprdiujjnúl ia alarhíf a`îjtrnjf f pfrtnr ia tajld`dhífs sd`fr tarmda`îjtrnjf y aú`njf mdinbnjú a`rîhnmal ajdlúmnjd ia `fs nlstf`fjndlas aú`njfs, nljùyalid fqua``fs jdl pdtaljnf suparndr f 1;MX, fjdhnifs f` Saf` Iajratd 226/3;;8, ia 31 ia mfyd, al a` snhunalta saltnid5

‐[frf `fs nlstf`fjndlas ia tajld`dhíf aú`njf fjdhnifs f` Saf` Iajratd 226/3;;8, ia 31 ia mfyd, yfqua``fs ia pdtaljnf suparndr f 1; MX, juyf ratrncujnúl astuvnarf vnlju`fif f `f ia `fsfltarndras, al vnrtui ia `d pravnstd al frtíju`d 99.: ia` jntfid raf` iajratd, y pfrf a` parndidjdmpralinid altra a` prnmar iíf ia` mas snhunalta f` ia `f bajgf ia altrfif al vnhdr ia` prasaltaraf` iajratd y a` :6 ia injnamcra ia 3;63, sa astfcàjal jdmd vf`dras ia prnmf ia rabaraljnf,`ds jdrraspdlinaltas f `f bajgf ia altrfif al vnhdr ia` raf` iajratd mu`tnp`njfids pdr ;,21. F `dsvf`dras fltarndras, al a` parndid jdlsniarfid, ld sa às fp`njfræ `f fjtuf`nzfjnúl fluf` f qua sagfja rabaraljnf al a` frtíju`d 99.6.Vuaifl al tdid jfsd axjùnifs ia `f fp`njfjnúl ia astf jdrrajjnúl `fs nlstf`fjndlas fjdhnifs f `finspdsnjnúl trflsntdrnf prnmarf ia` Saf` Iajratd 226/3;;8, ia 31 ia mfyd.”

[dr `d tfltd, a` rabarnid prajaptd astfcàja ulf raiujjnúl ia` :1% ia` vf`dr ia `f prnmf iarabaraljnf sdcra `f rajdhnif al `f Drial NYJ/:16>/3;;>, ia 37 ia injnamcra, pdr `f qua sa ravnsfl`ds pafeas ia fjjasd f pfrtnr ia` 6 ia alard ia 3;6; y `fs tfrnbfs y prnmfs ia `fs nlstf`fjndlas iarîhnmal aspajnf`, pfrf `fs nlstf`fjndlas aú`njfs, nljùyalid fqua``fs jdl pdtaljnf suparndr f 1;MX, fjdhnifs f` Saf` Iajratd 226/3;;8, ia 31 ia mfyd, al a` parndid jdmpralinid altra a` 6 iaalard ia 3;66 y a` :6 ia injnamcra ia 3;63 .Fsnmnsmd, injgd vf`dr, fiamæs ia subrnr `f jntfifraiujjnúl, ld sa fjtuf`nzfræ iurflta `ds föds 3;66 y 3;63.

Jdl cfsa al `d fltarndr, `f Drial NYJ/::1:/3;6;, ia 37 ia injnamcra, pdr `f qua sa astfcàja `dspafeas ia fjjasd f pfrtnr ia` 6 ia alard ia 3;66 y `fs tfrnbfs y prnmfs ia `fs nlstf`fjndlas ia`rîhnmal aspajnf` rajdhnú `f fltainjgf raiujjnúl, astfcàjnalid ul vf`dr ia prnmf ia rabaraljnfpfrf fs jntfifs nlstf`fjndlas ia 3,;693 j₠/oXg.

Jdmd yf sa gf axpuastd, `f prdpuastf ia Drial qua sa nlbdrmf astfcàja ul vf`dr prnmf iarabaraljnf pfrf `fs jntfifs nlstf`fjndlas ia :,62:: j₠/oXg. Al jdlsajualjnf, y jdl dceatd iajump`nr jdl `d inspuastd al a` Saf` Iajratd 6269/3;6;, ia 8 ia injnamcra, astf Jdmnsnúljdlsniarf qua sa iaca sustntunr injgd vf`dr pdr a` mnsmd vf`dr ia `f prnmf ia rabaraljnf quaastfcàjnú `f Drial NYJ/::1:/3;6;, ia 37 ia injnamcra (3,;693 j₠/oXg), snl fjtuf`nzfjndlas, pfrf`fs maljndlfifs nlstf`fjndlas.

Saspajtd f `fs fjtuf`nzfjndlas trnmastrfàs5

@fs fjtuf`nzfjndlas trnmastrfàs sa raf`nzfl, ia fjuarid f` prdjainmnaltd astfcàjnid al a` flaxd

RNN ia` Saf` Iajratd 226/3;;8, pfrf fs snhunaltas nlstf`fjndlas5

> Nljramaltd ia` N[J ia :;6,9 pultds cæsnjds, a nljramaltd ia `ds prajnds ia` jfrcúl ia` 1,12%




6. Zuchrupds f.6.6 y f.6.3 al buljnúl ia `fs vfrnfjndlas ia `ds vf`dras ia rabaraljnf ia `dsílinjas ia prajnds ia jdmcustncàs iabnlnids al a` flaxd RNN y a` N[J.

3. Hrupd j.3, ia nhuf` mflarf qua `fs nlstf`fjndlas ia` suchrupd f.6.3 ia` rflhd ia pdtaljnfaltra 6; y 31 MX qua utn`njal bua`dn`.:. [frf `fs nlstf`fjndlas fjdhnifs f `f inspdsnjnúl trflsntdrnf sahulif, ia nhuf` mflarf qua `fsnlstf`fjndlas ia `ds suchrupds f.6.6 y f.6.3.

A` luavd ílinja, JcmpHL ampàfid pfrf fjtuf`nzfr `fs tfrnbfs y prnmfs iapalia ia` prajnd ia`hfs lfturf` utn`nzfid pfrf a` jæ`ju`d ia `f tfrnbf ia õ`tnmd rajursd ia hfs lfturf`, qua buaastfcàjnid al `f Drial NYJ/622;/3;;>, ia 33 ia eulnd.

Al `d qua sa rabnara f `f ravnsnúl trnmastrf` ia `ds hrupds f.6.6. y f.6,3, fsí jdmd `ds fp`njfcàs f `finspdsnjnúl trflsntdrnf sahulif, talnalid al jualtf `d fltarndr, y jdlsniarflid a` rastd ia

pfræmatrds (vfrnfjndlas ia N[J , prajnds JNB, atj) `f JLA altnalia qua `fs tfrnbfs y prnmfsrasu`tfltas, nljùnifs al a` flaxd NNN ia `f prdpuastf ia Drial, pfrf `f ravnsnúl ia` prnmar trnmastraia 3;63 sdl jdgaraltas jdl `f vfrnfjnúl ia `ds maljndlfids ílinjas6;, ld fsí al `d qua ftföa f`hrupd j.3.

Jdl `ds luavds prajnds, a` suchrupd f.6.6 nljramaltf su ratrncujnúl ulf mainf ia` 3,32%, a`suchrupd f.6.3 y a` hrupd j.3 raiujal su ratrncujnúl ulf mainf ia` 6,9:% y ia` 6,97%raspajtnvfmalta, y `fs jdrraspdlinaltas f `fs nlstf`fjndlas fjdhnifs f `f inspdsnjnúl trflsntdrnfsahulif, `f raiujal ul prdmaind ia` ;,6>%.„

9. [SAJNDZ F [FHFS [DS @DZ FHALYAZ [FSF @F BNLFLJNFJNÚL IA@ D[ASFIDS

IA@ MASJFID

@f prdpuastf astfcàja `f ratrncujnúl ia` Dparfidr ia` Marjfid Ncîrnjd ia Alarhíf, [d`d Aspföd`,Z.F. jdrraspdlinalta f` föd 3;63 al 69.1;; mnàs ia aurds y qua astf jfltnifi sa bnlfljnfræ ia`ds prajnds qua jdcra f `ds fhaltas ia` marjfid ia prdiujjnúl, tfltd f `ds halarfidras ia`rîhnmal drinlfrnd y ia` rîhnmal aspajnf` jdmd f `ds jdmarjnf`nzfidras, jdlsumnidras inrajtds yhastdras ia jfrhfs ia` snstamf. Al jdljratd, sa astfcàja qua astf ratrncujnúl saræ fsumnif fpfrtas nhufàs pdr a` jdleultd ia `ds halarfidras y pdr a` jdleultd ia jdmarjnf`nzfidras,jdlsumnidras inrajtds y hastdras ia jfrhf pdr dtrd. Za bnef al 7,2;2> ₠/MX ia pdtaljnfinspdlncà `f jfltnifi f pfhfr malsuf`malta pdr `ds halarfidras, y al ;,;399 ₠/MXg `f jufltíff pfhfr pdr a` rastd ia fhaltas.

Fp`njflid `f jfltnifi bnefif al `f prdpuastf ia 7,2;2> ₠/MX f `fs nlstf`fjndlas ia rîhnmaldrinlfrnd y aspajnf` qua fjtõfl al a` æmcntd ia` Marjfid Ncîrnjd ia `f Aàjtrnjnifi, jdl pdtaljnflatf d nlstf`fif al a` jfsd ia` rîhnmal aspajnf`, suparndr f 6 MX, pravnstfs pfrf 3;63, sadctaliríf ulf rajfuifjnúl pfrf `f ratrncujnúl ia` Dparfidr ia` Marjfid ia 8.3>; mnàs ia aurds. Fp`njflid `f jfltnifi bnefif al `f prdpuastf ia ;,;399 ₠/MX f` [rdhrfmf Gdrfrnd Bnlf` ia` MNCA@alard-injnamcra 3;66, sa dctaliríf ulf rajfuifjnúl pfrf `f ratrncujnúl ia` Dparfidr ia` Marjfidia 8.31: mnàs ia aurds. Zumflid fmcds jdljaptds, sa dctnala ul tdtf` ia 69.19: mnàs iaaurds, jfltnifi snmn`fr f `f ratrncujnúl astnmfif al `f [rdpuastf ia` Dparfidr ia` Marjfid a`3;63 ia 69.1;; (vîfsa a` jufird snhunalta).

6; Iajramaltd ia 68,; pultds ia` N[J f pfrtnr ia` 6 ia alard a nljramaltd ia` :,893% al a` prajnd ia` HL,y iajramaltd ia` H@[ ia ul 3,;:1%




FHALYA IA MASJFID

[DYALJNFLAYF/NLZYF@

(MX)

[DYALJNFINZ[DLNC@A

(MX)

[rdhrfmfGdrfrnd Bnlf`

HXg

SAYSNCQJNÚL

DMA@ Mnàs ₠AZ[FÖF S.Dri 26.9;> 16.81> 1.:92

AZ[FÖF S.Asp palnlsu`fr :3.797 7.982 781

[DSYQHF@ S.Dri 6;.121 >.96> >8:

[DSYQHF@ S.Asp palnlsu`fr 7.;:1 >38 >2

AZ[FÖF y [DSYQHF@(jdmarjnf`nzfidras, jj,hastdr ia jfrhfs) 3>8.31: 8.31:

YDYF@ 663.718 8;.176 3>8.31: 69.19:

Ldtfs5- @ds iftds ia pdtaljnf ia rîhnmal drinlfrnd sa jdrraspdlial jdl ds ia f `nqunifjnúl ia ldvnamcra ia

3;66 ia` Dparfidr ia` marjfid.- Ld sa gf jdlsniarfid lnlhõl nljramaltd ia pdtaljnf al rîhnmal drinlfrnd al MNCA@ al 3;63- Za gf jdlsniarfid `f astnmfjnúl ia pdtaljnf ia rîhnmal aspajnf` nljùnif al asta nlbdrma.- Za gf tdmfid `f iamflif ia` [rdhrfmf Gdrfrnd Bnlf` ia` MNCA@ gfstf a` 6/6/3;66-61/63/3;66 y

axtrfpd`fid gfstf bnlf` ia föd. @f iamflif ia` JQS ia [drtuhf` fpfraja latafif ia pfrta ia`rîhnmal aspajnf`.

Jfca saöf`fr qua, sa gf jdlsniarfid qua `fs alarhífs raldvfcàs ia rîhnmal aspajnf` al[drtuhf` ld bnlfljnfl `f judtf ia ratrncujnúl ia DMA@, f` aljdltrfsa nljùnifs al `f iamflifcrutf ia` JQS, sntufjnúl qua sa vnala prdiujnalid gfstf `f bajgf. Al jfsd ia qua sí fpdrtfsalinjgf judtf, gfcríf qua föfinr f `f jfltnifi tdtf` ia` jufird fltarndr 63; mnàs ia aurds y,

finjndlf`malta, `f jfltnifi jdrraspdlinalta f `f pfrta ia `f iamflif latafif pdr `f prdiujjnúlal rîhnmal aspajnf`.Jfca saöf`fr qua al a` jfsd ia qua `f iamflif buarf nlbarndr f `f pravnstf al `f prdpuastf iaDrial, tf` y jdmd sa mflnbnastf al a` prasalta nlbdrma, axnstnríf ul rnashd ia rajfuifjnúl ia`nmpdrta astfcàjnid pfrf a` Dparfidr ia` marjfid al `f prdpuastf ia Drial, jdl a` jdlsnhunaltanmpfjtd al a` iîbnjnt ia` snstamf.

1. FLQF@NIFIAZ [FSF @F BNLFLJNFJNÚL IA@ IÎBNJNY

Iîbnjnt ia fjtnvnifias rahu`fifs aearjnjnd 3;;1

A` nmpdrta astnmfid ia `f fluf`nifi ia 3;63 jdrraspdlinalta f` iarajgd ia jdcrd pdr `fbnlfljnfjnúl ia` iîbnjnt ia nlhrasds ia `fs `nqunifjndlas ia `fs fjtnvnifias rahu`fifs ia` aearjnjnd3;;1, f abajtds ia su jdlsniarfjnúl al `f iatarmnlfjnúl ia `f tfrnbf, fsjnalia f :6:.:13,93 mnàsia aurds. Al a` Jufird NN.6 sa iatf``fl `fs gnpútasns ia jæ`ju`d ia `f fluf`nifi jdrraspdlinalta fìîbnjnt ia nlhrasds al `fs `nqunifjndlas jdrraspdlinalta f 3;;1 qua iacaríf nmputfrsa al aàearjnjnd tfrnbfrnd 3;63.




Jufird NN.6. Iatf`à ia` jæ`ju`d ia `f fluf`nifi jdrraspdlinalta f` iîbnjnt 3;;1 al 3;63

Bualta5 JLA y Sasdùjnúl ia 6> ia mfyd ia 3;6; ia `f IH[A^M

Fieuinjftfrnds ia `f 3ª sucfstf ia` iîbnjnt ax flta

@f fluf`nifi f nmputfr al 3;63 pfrf bnlfljnfr a` iîbnjnt fieuinjfid al `f jntfif sucfstf, iafjuarid jdl `fs jdlinjndlas astfcàjnifs al `f Drial NYJ/2>9/3;;7, ia 8 ia mfrzd, pdr `f qua sarahu`f a` iarajgd ia jdcrd jdrraspdlinalta f `f bnlfljnfjnúl ia` iîbnjnt ax flta ia nlhrasds ia `fs

`nqunifjndlas ia `fs fjtnvnifias rahu`fifs y su prdjainmnaltd ia sucfstf, prajnsf a` jdltalnid y`fs jfrfjtarístnjfs ia` iarajgd ia jdcrd jdrraspdlinalta f `f bnlfljnfjnúl ax flta ia` iasfeusta ianlhrasds ia `fs fjtnvnifias rahu`fifs, fsjnalia f 6;:.23>,>2 mnàs ia aurds. [frf jf`ju`fr`f, sagf tdmfid `f mainf ia `fs jdtnzfjndlas infrnfs ia` Aurncdr f tras masas ia ldvnamcra ia 3;66(6,1;1%) mæs a` inbaraljnf` qua rasu`tú ia `f sucfstf, 21 pultds cæsnjds, rasu`tflid ul tnpd ianltarîs ia 3,611% (Rîfsa Jufird NN.3).

Jufird NN.3. Iatf`à ia` jæ`ju`d ia `f fluf`nifi jdrraspdlinalta f` iîbnjnt ax flta 3;;8 al 3;63

Bualta5 JLA y Sasdùjnúl ia 3: ia mfrzd ia 3;6; ia `f IH[A^M

Fluf`nifi iîbnjnt fltarndr f 3;;1 (aurds)

Nmpdrta iabnlnt nvd palinalta ia pfhd f :6-63-3;6; 3.>;;.623,7>

Fjtuf`nzfjnúl ia` nmpdrta palinalta 3.>:;.768,26

5aurncdr maind :M ldvnamcra 3;;>, Fjt :21 6,;18%

Fluf`nifi föd 3;66 :66.226

Nmpdrta prdvnsndlf` palinalta ia pfhd f :6-63-3;6; 3.26>.612,26

Aurncdr maind :M 3;;> (prdmaind ldv 3;66) 6,1;1%

Fluf` nifi p rdvnsndlf` föd 3;63 :6:.:13,9>

Fieuinjftfrnds 3ª sucfstf ia` iîbnjnt ax flta(mnàs ia aurds)

Nmpdrta iabnlntnvd palinalta ia pfhd f :6-63-6; 6.639.67;,;2

Fjtuf`nzfjnúl ia` nmpdrta palinalta 6.6:>.297,87

Aurncdr :M ldv 3;6; + inbaraljnf` 6,:82%

Fluf`nifi föd 3;66 6;;.>33,77

Nmpdrta prdvns ndlf` palinalta ia pfhd f :6-63-66 6.;93.992,>:

Aurncdr :M ldv 3;66 + inbaraljnf` (;,21 pultds cæsnjds) 3,611%

F luf` nifi p rdvnsndlf` föd 3;6; 6;:.23>,>2




Iarajgds ia jdcrd rajdldjnids al a` Saf` Iajratd 9:8/3;6; susjaptncàs ia sar jainids f`Bdlid ia Yntu`nzfjnúl

[frf `ds iarajgds ia jdcrd Axtrfpalnlsu`fras 3;;:-3;;7, [alnlsu`fr 3;;2, [alnlsu`fr 3;;7 yIîbnjnt 3;;>, sa gf astnmfid a` nmpdrta palinalta ia jdcrd f :6 ia injnamcra ia 3;66, sahõl a`frtíju`d : ia` S.I. 9:8/3;6;, jdmd sa nlinjf f jdltnlufjnúl5

Za pfrta ia` nmpdrta palinalta ia jdcrd f :6 ia injnamcra ia 3;6; puc`njfid al `fSasdùjnúl ia 3; ia alard ia 3;66, ia `f Inrajjnúl Halarf` ia [d`ítnjf Alarhîtnjf y Mnlfs,pdr `f qua sa astfcàja a` nmpdrta iabnlntnvd palinalta ia jdcrd f :6 ia injnamcra ia 3;6;, ia`ds iarajgds ia jdcrd qua puaial sar jainids f` bdlid ia tntu`nzfjnúl.

Injgf jfltnifi sa nljramaltf jdl `ds nltarasas flufàs rajdldjnids, rasu`tfltas ia `ffp`njfjnúl ia` tnpd ia nltarîs Aurncdr f tras masas ia ldvnamcra ia 3;6; (6,;18%), pfrf tdifs`fs jftahdrífs ia iarajgds axjaptd a` Iîbnjnt 3;;>, f` qua sa à sumf ul inbaraljnf` ia 3;

pultds cæsnjds, rasu`tflid a` 6,318%, jdlbdrma f `d astfcàjnid al a` Saf` Iajratd 9:8/3;6;.

Ia `f jfltnifi rasu`tflta ia `f dparfjnúl fltarndr, sa iaiuja a` nmpdrta ia `f fluf`nifirajdldjnif al `f Drial NYJ/::1:/3;6;, ia 37 ia injnamcra.

A` nmpdrta rasu`tflta sa mu`tnp`njf pdr a` pdrjaltfea ia` iarajgd ia jdcrd qua fõl ld gf snidjainid f BFIA.

[frf a` iarajgd ia jdcrd Iîbnjnt 3;6;, sa gf astnmfid a` nmpdrta palinalta ia jdcrd f :6 iainjnamcra ia 3;66 pfrf `fs amprasfs a`îjtrnjfs, sahõl a` snhunalta prdjainmnaltd5

Za pfrta ia` nmpdrta palinalta ia jdcrd f :6 ia injnamcra ia 3;6; ia 1.377 mn``dlas ₠,jf`ju`fid jdmd a` vf`dr ia` iarajgd ia jdcrd ia 1.1;; mn``dlas ₠ rajdldjnid al a` S.I.9:8/3;6;, mdinbnjfid pdr a` S.I. 6:;8/3;66, malds `f fluf`nifi ia 366,763 mn``dlas ₠ quaparjncnardl ds tntu`fras ia` iarajgd al 3;6;.

Injgf jfltnifi sa nljramaltf jdl `ds nltarasas, jdlsniarflid a` tnpd ia nltarîs prdvnsndlf` ia`3% bnefid al `f Drial NYJ/277/3;66, ia :; ia mfrzd. [frf `ds nmpdrtas jainids f BFIA aljfif ulf ia `fs amnsndlas raf`nzfifs al 3;66, õlnjfmalta sa rajdldjal nltarasas pdr `dsiífs trflsjurrnids iasia a` 6 ia alard gfstf `f bajgf ia jasnúl (axjùíif), jdlsniarflid ulföd cfsa ia :21 iífs. [frf a` nmpdrta ld jainid f BFIA, sa jdlsniarfl nltarasas pdr tdid a`föd.

Ia `f jfltnifi rasu`tflta ia `f dparfjnúl fltarndr, sa iaiuja a` nmpdrta ia `f fluf`nifi quasaræ sftnsbajgf f `ds tntu`fras al 3;66. @f fluf`nifi pravnstf nlnjnf`malta al `f DrialNYJ/::1:/3;6; sa gf nid feustflid prdhrasnvfmalta jdl jfif amnsnúl ia BFIA raf`nzfif al3;66, al cfsa f` pdrjaltfea ia tntu`frnifi ia` iarajgd rasu`tflta iaspuîs ia jfif amnsnúl.

F` nmpdrta rasu`tflta sa à rastfl `fs jfltnifias jainifs f BFIA al `fs 66 amnsndlasraf`nzfifs al 3;66.

Jfca iastfjfr qua a` nmpdrta palinalta ia jdcrd ia` Iîbnjnt 3;6;, pfrf `fs amprasfsa`îjtrnjfs, as instnltd qua a` vf`dr ia` iarajgd susjaptncà ia jasnúl f BFIA (qua ld safjtuf`nzf jdl ul tnpd ia nltarîs, ln tfmpdjd sa raiuja jdl `fs fluf`nifias qua parjncal `fsamprasfs a`îjtrnjfs).

@f JLA nlinjú al su nlbdrma 6;/3;66 sdcra `f prdpuastf ia mdinbnjfjnúl ia` S.I. 9:8/3;6;,qua jdlsniarfcf lajasfrnd rahu`fr al a` prdpnd Saf` Iajratd 9:8/3;6;, a` prdjainmnaltd ia




jæ`ju`d ia` prajnd ia jasnúl juflid ul iîbnjnt ia lfturfàzf ax flta sa jdlvnarta al ul iîbnjntax pdst. Al pfrtnju`fr, sa jdlsniarú qua a` prajnd ia jasnúl ia `ds iarajgds ia jdcrd ia `ds

aearjnjnds 3;6;, 3;66 y 3;63 sa iacaríf iatarmnlfr fp`njflid a` prdjainmnaltd astfcàjnid ala` frtíju`d 3 ia` S.I. 9:8/3;6; pfrf a` rastd ia `ds iarajgds ia jdcrd? as iajnr, sumflid `dsnltarasas rajdldjnids, y rastflid `fs jfltnifias parjncnifs pdr `fs amprasfs f trfvîs ia `fs`nqunifjndlas, al jdljaptd ia fluf`nifi pfrf bnlfljnfr a` iîbnjnt.

@d fltarndr prasaltf `f valtfef ia qua, pdr ul pfrta, `ds jdlsumnidras sdpdrtfrífl maldrasjdstas, f` talarsa al jualtf al a` jæ`ju`d ia` prajnd ia jasnúl `fs fluf`nifias yf parjncnifspdr `fs amprasfs y, pdr dtrf pfrta, a` vf`dr ia `ds iarajgds ia `fs amprasfs sa jdrraspdliarífjdl a` prajnd ia jasnúl, `d qua snmp`nbnjfríf a` sahunmnaltd y `f fjtuf`nzfjnúl ia `ds instnltdsiarajgds ia jdcrd.

Astf prdpuastf ldrmftnvf ld gf snid bnlf`malta nljdrpdrfif al a` S.I. 6:;8/3;66, qua

mdinbnjf a` S.I. 9:8/3;6;, y qua sa puc`njú al a` C.D.A. a` 66 ia djtucra ia 3;66.

[dr jdlsnhunalta, jdmd yf sa pusd ia mflnbnastd al a` Nlbdrma 6;/3;66 ia `f JLA, a` ldnljdrpdrfr `f prdpuastf ia `f JLA al `f ldrmf, nmp`njf qua a` nmpdrta ia `ds iarajgds iajdcrd susjaptncàs ia jasnúl f BFIA as instnltd f` nmpdrta palinalta ia jdcrd ia` iarajgdpfrf `fs amprasfs a`îjtrnjfs, pfrf `fs jftahdrífs ia iîbnjnt qua f pasfr ia talar lfturfàzf axflta, sa jdlvnartal al ax pdst (`d qua gf djurrnid jdl a` Iîbnjnt 3;6;, y pravnsncàmaltadjurrnræ jdl a` Iîbnjnt 3;66). Astf jnrjulstfljnf dc`nhf f `àvfr ids jualtfs sapfrfifs, pfrf aìarajgd ia jdcrd Iîbnjnt 3;6; ia `fs amprasfs a`îjtrnjfs, y pfrf a` iarajgd ia jdcrd Iîbnjnt3;6; susjaptncà ia jasnúl f BFIA.

[frf a` iarajgd ia jdcrd Iîbnjnt 3;66, a` nmpdrta palinalta ia jdcrd f :6 ia injnamcra ia 3;66

as nhuf` f` nmpdrta palinalta ia jdcrd f :6 ia injnamcra ia 3;6;, f` ld gfcar parjncnid `dstntu`fras lnlhulf fluf`nifi al 3;66, y fsjnalia f :.;;; mn``dlas ₠.

[frf a` iarajgd ia jdcrd Iîbnjnt 3;63, a` nmpdrta palinalta ia jdcrd f :6 ia injnamcra ia 3;66saríf nhuf` f` iîbnjnt qua sa rajdldzjf ax flta al `f Drial pdr `f qua sa ravnsal `ds pafeas iafjjasd f pfrtnr ia` 6 ia alard ia 3;63. Za gf astnmfid pdr a` nmpdrta mæxnmd parmntnid ia 6.1;;mn``dlas ₠.

Qlf vaz astnmfid a` nmpdrta palinalta ia jdcrd pfrf `fs instnltfs jftahdrífs ia iarajgds, sa gfjf`ju`fid `f fluf`nifi pfrf 3;63 talnalid al jualtf a` lõmard ia pfhds flufàs palinaltaspfrf `f sftnsbfjjnúl ia` iarajgd (qua vfríf altra 7 y 61 föds), y a` tnpd ia nltarîs ia fjtuf`nzfjnúl.Îsta as a` Aurncdr f : masas ia` mas ia ldvnamcra ia 3;66 al cfsa FJY :21, y qua fsjnalia f`6,1;1 %, pfrf tdifs `fs jftahdrífs ia iarajgds axjaptd a` Iîbnjnt 3;;> (sa jdlsniarf a`6,8;1%)66, y axjaptd a` Iîbnjnt 3;6;, 3;66 y 3;63 (sa jdlsniarf a` 3%)63.

66 A` S.I. 9:8/3;6; rajdldja ul inbaraljnf` ia 3; pultds cæsnjds pfrf a` Iîbnjnt 3;;>.63 @f Drial NYJ/277/3;66, ia :; ia mfrzd, rajdldja ul tnpd ia nltarîs prdvnsndlf` ia` 3% pfrf a` Iîbnjnt3;6;. Za gf jdlsniarfid asta mnsmd tnpd ia nltarîs pfrf a` Iîbnjnt 3;66 y a` Iîbnjnt 3;63.




Jufird NN.:. Fluf`nifias prdvnsndlfàs pfrf 3;63 pdr `ds iarajgds ia jdcrd rajdldjnids al a`Saf` Iajratd 9:8/3;6;

Bualta5 JLA y Sasdùjnúl ia 3; ia alard ia 3;66 ia `f IH[A^M

Al jdgaraljnf jdl `f inspdsnjnúl finjndlf` prnmarf ia` Saf` Iajratd 9:8/3;6;, qua astfcàja qua`ds jæ`ju`ds pravnstds al a` jntfid Saf` Iajratd sa gfl ia raf`nzfr al aurds jdl ids iajnmfàs, sasaöf`f qua saríf iasafcà qua `fs fluf`nifias qua sa gfl ia puc`njfr al `f Drial buarflpuc`njfifs al ₠ jdl ids iajnmfàs.

[dr dtrf pfrta, ftalinalid f qua a` frtíju`d 3 ia` Saf` Iajratd 9:8/3;6; jdlsniarf instnltfsjftahdrífs pfrf `ds Iarajgds ia jdcrd Axtrfpalnlsu`fr 3;;2 y 3;;8, y qua sahõl `f rah`f ia `fprdrrftf ia` frtíju`d 2 ia` mnsmd Saf` Iajratd, puaial sar jainids al instnltd mdmaltd f` Bdlidia Yntu`nzfjnúl, sa jdlsniarf lajasfrnd f abajtds ia jf`ju`fr a` prajnd ia jasnúl f` Bdlid iaYntu`nzfjnúl, qua sa puc`nqual ia bdrmf iasfhrahfif `fs fluf`nifias ia `ds iarajgds ia jdcrdaxtrfpalnlsu`fras 3;;2 y 3;;8.

Fluf`nifi jdrraspdlinalta f BFIA F `f bajgf ia a`fcdrfjnúl ia` prasalta nlbdrma sa gfl raf`nzfid 66 amnsndlas f trfvîs ia BFIA,al `fs qua `fs amprasfs a`îjtrnjfs gfl jainid ul tdtf` ia >.766 mn``dlas ₠.

[frf astnmfr a` nmpdrta palinalta ia jdcrd f :6 ia injnamcra ia 3;66ia `ds iarajgds jainids fBFIA al jfif ulf ia `fs > amnsndlas, sa gf sahunid a` prdjainmnaltd astfcàjnid al a` frtíju`d

>.3.n ia` S.I. 9:8/3;6;.Qlf vaz astnmfid a` nmpdrta palinalta ia jdcrd, sa gf jf`ju`fid `f fluf`nifi pfrf 3;63fp`njflid `f búrmu`f ia` frtíju`d 6;.6 ia` S.I. 9:8/3;6;, talnalid al jualtf a` lõmard ia pfhds

Jftahdríf Iarajgds ia Jdcrd Nmpdrta palinalta iajdcrd f :6/63/3;6; (₠)

Ynpd ia nltarîs(n)

Fluf`nifi 3;66(₠)

% Iarajgd ldjainid f BFIA

Nmpdrta palinalta

ia jdcrd f

:6/63/3;66 (₠)

Iarajgds ia Jdcrd Axtrfpalnlsu`fras 3;;:-3;;1 9;>.3>;.227,18 6,;18% 98.>6:.782,93 6;;% :21.8;3.>>9,13

Iarajgds ia Jdcrd Axtrfpalnlsu`fras 3;;2 837.:8:.87:,82 6,;18% 12.391.;96,2; 6;;% 28>.738.21:,;1

Iarajgds ia Jdcrd Axtrfpalnlsu`fras 3;;8 ::7.269.719,>9 6,;18% 32.698.798,97 ;,;;% -

Iarajgds ia Jdcrd Axtrfpalnlsu`fras 3;;7 912.9:2.26>,>6 6,;18% :1.392.;98,;7 ;,;;% -

Iarajgds ia Jdcrd palnlsu`fr 3;;2 6.7;:.8>;.32>,23 6,;18% 689.123.7;>,16 >1,26% 6.181.>73.92>,1>

Iarajgds ia Jdcrd palnlsu`fr 3;;7 :.283.96;.82;,29 6,;18% :38.921.161,27 6>,>>% 282.:86.281,63

Iarajgds ia Jdcrd Iîbnjnt 3;;> :.371.3>2.;;;,;; 6,318% 318.:71.9;1,68 ;,31% 8.817.712,89

Iarajgds ia Jdcrd Iîbnjnt 3;6; (a`îjtrnjfs) 3.:36.;6>.:36,6:

Iarajgds ia Jdcrd Iîbnjnt 3;66 :.;;;.;;;.;;;,;;

Iarajgds ia Jdcrd Iîbnjnt 3;63 6.1;;.;;;.;;;,;;

Ydtf` 6;.632.223.>8;,61

Jftahdríf Iarajgds ia Jdcrd

Nmpdrta palinalta ia

jdcrd f :6/63/3;66

(₠)

Ynpd ia nltarîs

(n)

Lµ pfhds

flufàs

palinaltas

(p)

Fluf`nifi 3;63

(₠)

Iarajgds ia Jdcrd Axtrfpalnlsu`fras 3;;:-3;;1 :21.8;3.>>9,13 6,1;1% 7 97.723.86>,23

Iarajgds ia Jdcrd Axtrfpalnlsu`fras 3;;2 28>.738.21:,;1 6,1;1% 6: 18.>27.696,26

Iarajgds ia Jdcrd Axtrfpalnlsu`fras 3;;8 ;,;; 6,1;1% 6: ;,;;

Iarajgds ia Jdcrd Axtrfpalnlsu`fras 3;;7 ;,;; 6,1;1% 6: ;,;;

Iarajgds ia Jdcrd palnlsu`fr 3;;2 6.181.>73.92>,1> 6,1;1% 6; 68;.>:1.2::,:;

Iarajgds ia Jdcrd palnlsu`fr 3;;7 282.:86.281,63 6,1;1% 66 28.687.>;3,>7

Iarajgds ia Jdcrd Iîbnjnt 3;;> 8.817.712,89 6,8;1% 6: 28;.989,;;

Iarajgds ia Jdcrd Iîbnjnt 3;6; (a`îjtrnjfs) 3.:36.;6>.:36,6: 3,;;;% 6: 3;9.139.:>>,6;

Iarajgds ia Jdcrd Iîbnjnt 3;66 :.;;;.;;;.;;;,;; 3,;;;% 69 398.7;1.>6;,11

Iarajgds ia Jdcrd Iîbnjnt 3;63 6.1;;.;;;.;;;,;; 3,;;;% 61 662.8:7.3;7,:7

Ydtf` >69.279.:7>,19




flufàs palinaltas pfrf `f sftnsbfjjnúl ia` iarajgd (qua vfríf altra 69,;8 föds pfrf `f prnmarfamnsnúl y 69,>7 föds pfrf `f uliîjnmf amnsnúl), y a` tnpd ia nltarîs ia fjtuf`nzfjnúl, qua

fsjnalia f` 1,268%.

Zahõl `d astfcàjnid al a` frtíju`d 6;.6 ia` S.I. 9:8/3;6;, `f Zdjnaifi Hastdrf ia` Bdlid iaYntu`nzfjnúl gf jdmulnjfid f `f JLA a` :; ia ldvnamcra ia 3;66, a` tnpd ia nltarîs ia iavalhdal 3;63 pfrf `ds iarajgds ia jdcrd jainids f BFIA. Îsta sa gf jf`ju`fid snhunalid `f búrmu`fia` frtíju`d 7.3 ia` S.I. 9:8/3;6;, jdmd `f tfsf nltarlf ia ralinmnaltd (YNS) mainf pdliarfif ia`fs amnsndlas vnvfs f :; ia ldvnamcra ia 3;66, nljùnifs jdmnsndlas, mæs ul inbaraljnf` ia :;pultds cæsnjds.

Ialtrd ia `fs amnsndlas vnvfs f :; ia ldvnamcra, ld sa gfl jdlsniarfid iasia `f djtfvf gfstf `fuliîjnmf amnsnúl ia BFIA, fmcfs nljùsnva, juyfs bajgfs ia iasamcd`sd6: sdl a` 1, 61, 3: y 3:ia injnamcra ia 3;66, raspajtnvfmalta.

Jufird NN.9. Fluf`nifias prdvnsndlfàs pfrf 3;63 pdr `ds iarajgds ia jdcrd jainids f BFIA

Bualta5 JLA

2. ZF@ID IA @DZ [FHDZ [DS JF[FJNIFI

A` sfìd ia `ds pfhds pdr jfpfjnifi as `f inbaraljnf altra `ds nlhrasds qua rasu`tfl ia fp`njfr `dsprajnds pfrf `f bnlfljnfjnúl ia `ds pfhds pdr jfpfjnifi astfcàjnids al `f Drial NYJ/::1:/3;6;,ia 37 ia injnamcra, y al `f Drial NYJ/3171/3;66, ia 3> ia saptnamcra, f `f iamflif pravnstfpfrf 3;63 fjtuf`nzfif f injnamcra ia 3;66 (6.1:1 M₠) y `ds jdstas astnmfids pfrf 3;63 ia`Nljaltnvd f `f Nlvarsnúl, Zarvnjnd ia inspdlncn`nifi y Majflnsmd ia sdùjnúl ia Sastrnjjndlas pdr

Hfrfltíf ia Zumnlnstrd (SHZ).

6: @f bajgf ia iasamcd`sd as f bajgf ia jasnúl abajtnvf.

Amnsnúl Nmpdrta jainid Bajgf Iífs Ynpd ia nltarîs Nltarasas @nqunifjndlas iavalhfifs

Nmpdrta palinalta

ia jdcrd f

:6/63/3;66 (₠)

[rnmarf amnsnúl 6.>>1.19;.;;;,;; 31/;6/3;66 :96 1,367% >8.37;.113,63 673.32>.7:9,72 6.>6;.11;.868,32

Zahulif amnsnúl 6.>>9.;3;.;;;,;; 39/;3/3;66 :66 1,96>% >3.;2>.179,>> 627.:11.:2;,22 6.>68.8:9.339,::

Yarjarf amnsnúl 6.>78.3;;.;;;,;; :6/;:/3;66 382 2,:63% >9.798.31>,:1 618.772.938,;2 6.>39.62;.7:3,3>

Jufrtf amnsnúl >>7.7;;.;;;,;; 3;/;1/3;66 332 1,>13% :2.7;>.311,37 2:.982.337,>6 >83.6::.;32,:2

Vunltf amnsnúl 6.9>8.8>1.;;;,;; ;1/6;/3;66 77 9,739% 68.93;.;1:,91 :9.:88.839,13 6.97;.7:8.:37,>:

Zaxtf amnsnúl :6:.7>7.991,31 3:/66/3;66 :> 2,83;% 3.31:.782,79 :.268.2:1,27 :63.1:9.272,96

Zîptnmf amnsnúl >1.976.31;,;; 3:/66/3;66 :> 7,;;6% 762.38;,16 6.6>6.>7;,3; >1.6;1.19;,:6

Djtfvf amnsnúl 636.:3;.;76,>8 ;1/63/3;66 38 8,;61% 23>.116,16 >72.38;,98 63;.>2:.:2:,;6

Ldvalf amnsnúl >1.3::.81;,;; 61/63/3;66 68 7,6;1% :1>.1;;,77 136.13>,89 >1.;86.836,61

Iîjnmf amnsnúl 122.937.269,73 3:/63/3;66 > 1,3:;% 8:;.92;,6: 6.:22.172,>8 121.8>3.978,>7

Qliîjnmf amnsnúl 691.:83.699,6; 3:/63/3;66 > 1,;68% 68>.7:1,:; :91.8:8,22 691.3;2.396,8:

Ydtf` BFIA >.766.;7>.372,69 :9:.:>2.3;;,:7 269.:>1.:62,8: >.19;.;>;.62>,88

Amnsnúl

Nmpdrta palinalta ia

jdcrd f :6/63/3;66 (₠)

Ynpd ia nltarîs

(n)

Lµ pfhds

flufàs

palinalta Fluf nifi 3;63 (₠)

[rnmarf amnsnúl 6.>6;.11;.868,32 1,268% 69,;8 3;;.;:1.3:3,28

Zahulif amnsnúl 6.>68.8:9.339,:: 1,268% 69,61 3;;.;::.96;,6>

Yarjarf amnsnúl 6.>39.62;.7:3,3> 1,268% 69,39 6>>.72:.:72,>1

Jufrtf amnsnúl >83.6::.;32,:2 1,268% 69,:7 6;;.:32.1;:,21

Vunltf amnsnúl 6.97;.7:8.:37,>: 1,268% 69,82 61;.39;.139,;2

Zaxtf amnsnúl :63.1:9.272,96 1,268% 69,7> :6.137.86:,82

Zîptnmf amnsnúl >1.6;1.19;,:6 1,268% 69,7> >.1>9.:63,36

Djtfvf amnsnúl 63;.>2:.:2:,;6 1,268% 69,>: 63.676.2>9,;8

Ldvalf amnsnúl >1.;86.836,61 1,268% 69,>1 >.121.>89,69

Iîjnmf amnsnúl 121.8>3.978,>7 1,268% 69,>7 12.711.9>6,:2

Qliîjnmf amnsnúl 691.3;2.396,8: 1,268% 69,>7 69.1>6.16>,27

Ydtf` BFIA >.19;.;>;.62>,88 >79.762.823,89




Jdsta ia` `ljaltnvd f `f Nlvarsnúl y ia` Zarvnjnd ia inspdlncn`nifi

Ia fjuarid jdl `f fp`njfjnúl ia `f Drial NYJ/:638/3;66, ia 68 ia ldvnamcra, pdr `f qua sarahu`f a` sarvnjnd ia inspdlncn`nifi ia pdtaljnf ia `ds pfhds pdr jfpfjnifi y sa mdinbnjf a`nljaltnvd f `f nlvarsnúl f qua gfja rabaraljnf a` flaxd NNN ia `f Drial NYJ/38>9/3;;8, ia 38 iasaptnamcra, pdr `f qua sa ravnsfl `fs tfrnbfs a`îjtrnjfs f pfrtnr ia` 6 ia djtucra ia 3;;8, sa astnmfqua al 3;63 `fs jaltrfàs ia rîhnmal drinlfrnd parjncnræl al jdljaptd ia sarvnjnd iainspdlncn`nifi y ia nljaltnvd f `f nlvarsnúl 793.;>7 mnàs ia aurds.

Jufird NN.1. [fhds pdr jfpfjnifi astnmfids pfrf 3;63. [alílsu`f

Yajld`dhíf

Nljaltnvd

nlvarsnúl

[fhd

inspdlncncn`nifi

Ydtf` pfhd pdr

jfpfjnifi

Jnj`d jdmcnlfid 69.111 3>.972 99.;96

Jaltrfàs ia Jfrcúl qua ldpfrtnjnpfl al majflnsmd ia SHZ 267.182 666.831 8:;.:;6

Jaltrfàs ia Jfrcúl qua pfrtnjnpfl almajflnsmd ia SHZ 68.833 38.121 91.378

Bua` hfs - 9.878 9.878

Gniræu`njf jdl cdmcad y amcf`sa - 68.273 68.273

Ydtf`halarf` 21;.71: 6>6.391 793.;>7

Ldtf5 Ia fjuarid jdl `f Drial NYJ/:638/3;66, `ds vf`dras ia` sarvnjnd ia inspdlncn`nifi jdrraspdlial f`parndid ia ul föd f jdltfr iasia a` iíf 61 ia` mas snhunalta f su altrfif al vnhdr (66,1 masas al 3;63)Za gf jdlsniarfid qua tdifs `fs jaltrfàs fjraintfræl ulf pdtaljnf mainf inspdlncà fluf` aqunvfàlta f` >;% ia su pdtaljnf latf al `fs gdrfs ia `ds parndids tfrnbfrnds 6 y 3, f abajtds ia` jdcrd ia` sarvnjnd iainspdlncn`nifi

Ld sa gf jdlsniarfid lnlhulf nljdrpdrfjnúl ia pdtaljnf finjndlf` f 3;66@f jdlsniarfjnúl ia gniræu`njf jdl amcf`sa sa gf astnmfid f pfrtnr ia` Sahnstrd ia Nlstf`fjndlas ia[rdiujjnúl al Sîhnmal Drinlfrnd ia` Mnlnstarnd ia Nliustrnf, Alarhíf y Yurnsmd

Majflnsmd ia sdùjnúl ia Sastrnjjndlas pdr Hfrfltíf ia ZumnlnstrdZa astnmf qua a` sdcrajdsta rasu`tflta al 3;63 ia `f fp`njfjnúl ia` majflnsmd ia rasdùjnúl iarastrnjjndlas pdr hfrfltíf ia sumnlnstrd astfcàjnid al a` Saf` Iajratd 6:9/3;6; fsjnalia f923.2>8 mnàs ia ₠.




Jufird NN.2. Jdsta ia` majflnsmd ia Sastrnjjndlas pdr hfrfltíf ia sumnlnstrd al 3;63

Jaltrf`

Rdùmal pdr Jaltrf`3;66

MXg

Jdsta tdtfùlntfrndrahu`fid

₠/MXg

Zdcrajdsta

Mnàs ia ₠

Zdtd Sncarf : 6.:66.>9; 77,7 9:.1:;

Lfrjaf : 6.3;1.77; 87,1 38.2:8

Fl``fras 6 6.>27.61; 86,; :;.:3:

@f Sdc`f 3 3.;:1.3;; 81,3 :>.>92

Jdmpdstn``f 1.999.31; 8;,1 7;.783

Yarua` 2.67:.7;; 29,9 19.;1;

Hufrid 6.>9:.69; 88,3 96.>;6[ualta Luavd 6.973.;>; 6;;,8 22.7;:

Asjujgf :86.72; 83,: 2.3;2

A`jdhfs 6.9;;.;;; >>,3 2;.>>2

Ydtf` 3:.:92.:6; 81,; 913.321

[fhd ia` pafea ia halarfjnúl ia3;66 al @nqunifjndlas ia 3;63 6;.9:;

YDYF@ 923.2>8

Ldtf5 [rajnd maind pdliarfid pravnstd al 3;635 11,23 ₠/MXg (prajnd cfsa buturds 19₠/MXg)Za gf talnid al jualtf `ds jdstas tdtfàs pravnstds al `f DSIAL NYJ/:638/3;66, ia 68 ia ldvnamcra.

Za gfl jdlsniarfid mnsmds vd`õmalas ia prdiujjnúl qua al `f Sasdùjnúl ia 7 ia bacrard ia vd`õmalasmæxnmds ia jfrcúlLd sa gfl talnid al jualtf `fs pdsncàs ravnsndlas qua puaifl iarnvfrsa ia `fs `nqunifjndlas iabnlntnvfs ia 3;66ia` majflnsmd ia SHZ, axjaptd `f qua jdrraspdlif pdr a` pfhd ia `ds pafeas ia halarfjnúl ia` föd 3;66.

Zfìd ia `ds pfhds pdr jfpfjnifiAl jufird NN.8 sa prasaltf a` sfìd astnmfid ia `ds pfhds ia jfpfjnifi pfrf a` aearjnjnd 3;63

Jufird NN.8. Zfìd astnmfid ia `ds pfhds pdr jfpfjnifi pfrf 3;63

Bualta5 JLA

Nlh rasds ia pfhds pdr jfpfjnifi (F ) 6.1:9.>9>

Jdsta ia pfhds pdr jfpfjnifi (C) 793.;>7

Nljaltnvd f f nlvarsnúl 21;.71:

Zarvnjnd ia inspdlncn`nifi 6>6.391

Majfl nsm d ia sd ùjnúl ia SHZ (J) 923.2>8

Zf` id p fh ds p dr jfp fjn ifi (F ) - (C ) - (J) 3:;.619



Jdlbnialjnf`


FLAWDZ NNN y NR.- JDLBNIALJNF@AZ




FLAWD R. [SD[QAZYF IA SAYSNCQJNÚL IA INZYSNCQNIDSAZ JDL MALDZ IA 6;;.;;;J@NALYAZ [FSF 3;63

L.Shtrd AmprasfSatrncujnúl 3;63

(Aurds)

S6-;69 FHSN-ALASHNF A@AJYSNJF, ZF 8.938.;6;S6-;61 CFZZD@Z ALASHNF Z.F. 6:.32;.21:S6-;62 A@AJYSF JF@IALZA, Z.F. 1.;;3.619S6-;68 A@AJYSF IA@ MFAZYSFUHD, Z.F. 1.22;.:3:S6-;67 AZYFCFLA@@ [FGNZF ALASHNF, Z.F. 3;.:>>.19>S6-;6> A@AJYSNJF IA@ ACSD,Z.F. :.726.>>2

S6-;3; [SDIQJYDSF A@AJYSNJF QSHA@ALZA, Z.F. ([AQZF) 9.:;6.777S6-;36 ZQMNLNZYSFIDSF A@AJYSNJF IA JFINU, Z.F. 33.132.697S6-;33 Jaltrf` Aàjtrnjf Zasta`d ^ Jnf, Z.F. 1.936.7;;S6-;3: GNISDA@AJYSNJF IA@ HQFINA@F N, Z.F. 9.68:.7:1S6-;39 Jddparftnvf Aàjtrnjf F`cdralsa, Z.F. 696.118S6-;31 Nliustrnfs [ajufrnfs Ia @ds [airdjgas, Z.F. 2.;;6.;92S6-;32 ALASHÍFZ IA FSFHÚL N, Z. @. QLN[ASZDLF@ 9.92>.:9>S6-;38 JDM[FÖÍF MA@N@@ALZA IA HFZ ^ A@AJYSNJNIFI, Z.F. >.>;3.866S6-;37 Mainlf Hfrvay Aàjtrnjnifi, [email protected]. 8.281.;>2S6-;3> INZYSNCQNIDSF A@AJYSNJF IA@ ZN@, Z.@. 3.72:.863

S6-;:; AM[SAZF IA F@QMCSFID A@AJYSNJD IA JAQYF INZYSNCQJNDL,Z.F.Q. 6;.68:.3;6

S6-;:6INZYSNCQNIDSF IA ALASHNF @AJYSNJF ALSNVQA HFSJNF ZASSFLD.Z. @. 329.:8:

S6-;:3 SA[ZD@ A@ÎJYSNJF IA INZYSNCQJNÚL, Z.@. :.961.;72

S6-;::Z. J. R. @YIF. C. IA JDLZ. A@AJY. ZFL BSFLJNZJD IA FZNZJSARN@@ALYA 9.7:>.:68

S6-;:9 A@AJYSNJNIFI IA [QASYD SAF@, Z.F. (A[SAZF) :.129.3;1S6-;:1 A@AJYSNJF IA@ DAZYA INZYSNCQJNDL Z@Q >.;:1.>73S6-;:2 Instrncunidrf Aàjtrnjf Carmaefàs, Z.F. 1.6;>.271

S6-;:8 A@AJYSF IA@ JFSIALAS, ZF 3.8:8.183S6-;:7 Aàjtrnjf Zardsalsa Instrncunidrf, Z.@. :.989.8:1S6-;:> Gnirdaàjtrnjf Ia @frfjgf, Z.@. 3.::3.>:7S6-;9; Zdjnaifi Aàjtrnjnstf Ia Yuy, Z.F. :.661.>>7S6-;96 Aàjtrf F`td Mnöd, Z.F. 3.>;1.863S6-;93 Qlndl Ia Instrncunidras Ia Aàjtrnjnifi, Z.F. (QIAZF) 9.6>6.>27S6-;9: FLZA@MD @ADL INZYSNCQJNDL, Z.@. 9.768.9>8S6-;99 Jdmpföíf Ia Aàjtrnjnifi Ia` Jdlifid, Z.F. 9.:;;.6:3S6-;91 Aàjtrf Futd`, Z.F. 6.93>.692S6-;92 Instrncunidrf Aàjtrnjf Yaltuinf. [email protected] 3.;:8.262

S6-;98 Ba`nx Hdlzfàz, Z.F. :.733.79;S6-;97 @F [SDGNIF INZYSNCQJNÚL A@ÎJYSNJF, Z.@. 6.:>;.6>9S6-;9> A@AJYSNJFZ [NYFSJG INZYSNCQJNDL Z@Q 7.6;3.292





(Aurds)

S6-;1; Gneds Ia Efjnltd Hun`àl Instrncunidrf Aàjtrnjf, [email protected]. :.;1:.:12S6-;16 Eufl Ia Brutds Hfrjnf, Z.@. 6.:39.726S6-;13 @ASZF A@AJYSNJNYFY, Z.@. 6.86:.789S6-;1: Inaàsur, Z.@. 3.7;1.>3>S6-;19 Alarhnf Ia Mnfefifs, Z.F. 3.77>.93;S6-;11 Fhufs Ia Cfrcfstrd Aàjtrnjnifi, Z.F. 3.31:.916S6-;12 Rf`` ia Zd`àr alarhíf [email protected] (A@ HFZ, Z.F. ) :.633.3>>S6-;18 Sdmard Jflifu, Z.@. 3.;;>.277S6-;17 Gnirdaàjtrnjf Ia Zn`àif, Z.@. 3.67>.28:S6-;1> HSQ[D IA A@AJYSNBNJFJNDL SQSF@ Z. JDD[ S. @. 3.971.9:3

S6-;2; Zumnlnstrds Aspajnfàs F`hnlatalsas, Z. Jddp. R. 3.397.2;>S6-;26 Döfrhn, Z.@. 6.:;>.:97S6-;23 ZQMNLNZYSD IA @QU ^ BQASUF, Z.@. :.1;6.2>6S6-;2: JDD[ASFYNRF A@AJYSNJF CALABNJF JFYSF@ALZA, JDD[. R. >6:.986S6-;29 A@AJYSF IA JFSCF^NL, Z.F. 6.639.:>1S6-;21 A@ÇJYSNJF IA HQNWÎZ, Z.@. 816.926S6-;22 Aàjtrnjf Rfquar 728.:77S6-;28 Garmflds Jfcf`àrd Sacd``d, Z.@. 627.1>:S6-;27 Jdmpfönf Ia Aàjtrnbnjfjndl, Z.@. 2>9.3>2S6-;2> Instrncunidrf A`îjtrnjf ia Ma`úl, Z.@. :69.:9:

S6-;8; Aàjtrf Ia Jfcf`fr, Z.@. :72.3>1S6-;86 Aàjtrf Ia` Hfydsd, Z.@. 17>.373S6-;83 Aàjtrf Ia` Lfrfgnd, Z.F. 6.3:6.>87S6-;8: Aàjtrnjf Ia Cfrjnfiamarf, Z.@. 13.928S6-;89 Aàjtrnjf Ia Jfcföfs, Z.@. 399.6:;S6-;81 Aàjtrnjf Ia Hras, Z.@. 67>.3:7S6-;82 Aàjtrnjf Ia Mdsjdsd, Z.@. 6.839.73:S6-;88 Aàjtrnjf Jdrvarf, Z.@. 6.698.:89S6-;87 Aàjtrnjf Bujnöds Snvfs, Z.@. 7>8.1>1S6-;8> Aàjtrnjf @ds Md`nlds, Z.@. 6.268.>6;S6-;7; Gnirdaàjtrnjf Ia` Frlahd, Z.@. 936.>66S6-;76 Zfl Mnhua` 3;;; Instrncujndl, [email protected]. 268.8>:S6-;73 Zujasdras Ia Mflua` @anrf, Z.@. :73.1:9S6-;7: Carruazf, Z.F. 6.3;6.6;7S6-;79 C`fzquaz, Z.@. 116.928S6-;71 Jaltrf` Aàjtrnjf Mntefls, Z.@. 678.>21S6-;72 Jaltrf` Aàjtrnjf Zfl Brfljnsjd, Z.@. 287.>:3S6-;78 Instrncujndl Aàjtrnjf @fs Marjaias, Z.@. 8:9.39:S6-;77 Aàjtrnjf ia Jflnàs, Z.@. 933.>71S6-;7> INZYSNCQNIDSF A@AJYSNJF IA SA@@AQ Z.@ 1;7.62>S6-;>; A@AJYSF FIQSNU ZF :.993.13:S6-;>6 Aàjtrf Fva``flf, Z.@. 782.86;





(Aurds)

S6-;>3 Aàjtrf Jfstn`àealsa, Z.F. 2;6.126S6-;>: INZYSNCQNIDSF IA A@AJYSNJNIFI @FSSFÖFHF, Z.@. :1.986S6-;>9 Aàjtrf Zfl Jrnstdcf`, Z.@. 9>;.866S6-;>1 Aàjtrnjf Ca`mazflf, Z.F. 1;7.688S6-;>2 Aàjtrnjf @f Rnjtdrnf Ia Bualjf`nalta, Z.F 389.239S6-;>8 Aàjtrnjf @ds [a`fyds, Z.F. 128.:81S6-;>7 Aàjtrnjf Ltrf. Zrf. Ia @ds Samainds, Z.@. 6.32:.133S6-;>> Aàjtrnjntft @f Furdrf, Z.@. 1>>.;39S6-6;; Aàjtrd Instrncujndl Ia F`mdidvfr Ia` Jfmpd, Z.F. 6.;26.263S6-6;6 Aàjtrd Md`nlarf ia Rf`mfirnhf`, Z.@. 6.2;9.;;;

S6-6;3 Amprasf Ia Aàjtrnjnifi Zfl Edsa, Z.F. 132.::8S6-6;: GNISDA@AJYSNJF IA ZFL JN[SNFLD IA SQAIF, Z.@. :86.:76S6-6;9 Gnirdaàjtrnjf Rnrhal Ia Jgn``f, Z.@. 6.968.:36S6-6;1 @f Arlastnlf, Z.F. 8>1.71;S6-6;2 Inaàldr, Z.@. 6.12;.922S6-6;8 Instrncunidrf ia Alarhíf A`îjtrnjf ia` Cfhas 6.1>>.82:S6-6;7 Alarhîtnjf ia F`jdjar, [email protected]. >21.>86S6-6;> Aàjtrnjf Mfbarhf, Z.@. 38>.:21S6-66; Hrfjnf Qlzuatf Gnif`hd A Gneds, Z.@. 327.;9>S6-666 Furdrf Hnlar Sanh, Z.@. 7;.296

S6-663 Instrncunidrf Aàjtrnjf Ia Frifàs, Z.@. 92;.291S6-66: Aàjtrf Znarrf Mfhnlf, Z.@. 97>.>18S6-669 Aàjtrnjf Garmflds Jfstrd Sdirnhuaz, Z.@ :28.6;9S6-661 Gnirdaàjtrnjf Rahf, Z.F. 6.7:2.863S6-662 Gned Ia Edrha Mfrtnl, Z.F. 31>.7;8S6-668 Edsa Snpd`` F`cfla``, Z.@. :;1.1>;S6-667 Edsabf Hn` Jdstf, Z.@. :9.131S6-66> @aflird [araz F`bdlsd, Z.@. 277.21:S6-63; ZDJNAIFI INZYSNCQNIDSF A@AJYSNJF IA A@DSSND, Z.F. 331.:63S6-636 Zdjnaifi Aàjtrnjf Ltrf. Zrf. Ia @ds Iasfmpfrfids, Z. @. 6.62>.;89S6-633 Instrncunidrf Aàjtrnjf Ia Hfujnl, Z.@. 269.1>:S6-63: A@AJYSF F@RFSD CALNYD, Z.@. 619.2;2S6-639 A`îjtrnjf Jfmpdsur, Z.@. 3:8.33>S6-631 A@AJYSNJF IA ASNZYA, Z.@. 668.666S6-632 Aàjtrnjnifi Gnefta, Z.@. 391.:1>S6-638 Eufl L. Infz Hf`vaz ^ Garmflds, Z.@. 7>7.;;9S6-637 A`îjtrnjf ia Jgarf, Z.J.R. 636.7>3S6-63> Gnirdaàjtrnjf Hdmaz, [email protected]. 3;8.832S6-6:; Gnirdaàjtrnjf Ia F`frfz, Z.@. 621.6>8S6-6:6 Nsmfa` Cndsjf, Z.@. 8:;.11>S6-6:3 A@AJYSNJF ZFL ZASRFL, Z.@. 137.1;2S6-6:: Gnirdaàjtrnjf A` Jfrmal, Z.@. 3.611.38;





(Aurds)

S6-6:9 Aàjtrf @f @dmf, Z.@. 18:.9>7S6-6:1 Aàjtrf @f Sdsf, Z.@. 6>1.;33S6-6:2 Aàjtrnjf Zfl Hrahdrnd, Z.@. 6;7.217S6-6:8 Garaiards Ia Hfrjnf Cfz, Z.@. 6:9.298S6-6:7 Znarrd Ia Aàjtrnjnifi, Z.@. 1>.:83S6-6:> Instrncunidrf Ia Aàjtrnjnifi Mfrtds Mfrnl, Z.@. 313.7::S6-69; Instrncunidrf Aàjtrnjf Jfrrndl, Z.@. 91:.93:S6-696 Ga`ndidrf Hdmaz, Z.F. 338.63>S6-693 @QNZ SFLHA@ GLDZ, Z.F. 8;;.>76S6-69: ZASRN@NFLD HFSJNF, Z.F. 6.:>2.6>2

S6-691 A@AJYSNJF IA JF@@DZF IA ZAHQSF, Z.R. @. 6.271.27;S6-692 Edsa Barra Zahurf A Gneds, Z.S.@. 6.968.762S6-698 Aàjtrf Edsa Fltdlnd Mfrtnlaz, Z.@. 6::.7:>S6-697 Aàjtrnjnifi [fstdr, Z.@. 213.9>:S6-69> GNEDZ IA BA@N[A HFSJNF F@RFSAU, Z.@. 632.3:8S6-61; Jddparftnvf Aàjtrnjf Ia Jfsta``fr, Z.J.R. 26:.9>;S6-616 JDD[ASFYNRF A@AJYSNJF CALABNJF F@CFYASALZA, JDD[.R. 6.367.196S6-613 Aàjtrnjf Ia Ma`nflf, Zdjnaifi Jddparftnvf Rfàljnflf 9:6.286

S6-61:JDD[ASFYNRF [D[Q@FS IA B@QNID A@AJYSNJD IA JFM[SDIDLZ.J.J.@. :3>.168

S6-619 A`îjtrnjf F`hnmnf ia F`bfrf, Z.J.R. 11;.718S6-611 A@AJYSNJF IA RNLF@AZF, Z.J.R. :87.7;3S6-612 A@AJYSNJF IA IQSSD Z@Q 26.226S6-618 Aàjtrnjf Ia Hufifsufr, Zifi. Jddp. R. 6.6;6.>62S6-617 Jddp. A`îjtrnjf ia Zdt ia Jgarf 691.7>1S6-61> A@AJYSNJF LYSF. ZSF. IA HSFJNF, ZIFI. JDD[ RF@ALJNFLF 6.:;7.863S6-62; Aàjtrdinstrncunidrf Ia Buarzf ^ Fùc. Jfsfc`fljf Z.J.R. 6>9.299S6-626 Bùnid Aàjtrnjd Ia Musards, Z. J. Rfàljnflf :;7.;78S6-623 IA@HNJGN, Z.@. 92.681S6-62: Inaàj Huarrard @dralta, Z.@. 77.:87S6-629 INZYSNCQJNDL IA A@AJYSNJIFI RF@@A IA ZFLYF FLF Z@ 667.:91S6-621 Instrncunidrf Aàjtrnjf Hrflef Ia Ydrragarmdsf, Z.@. :>7.;83S6-622 Aàjtrnjf Zfltf J`frf, Z.@. 9;6.367S6-628 Amprasf Aàjtrnjf Mfrtnl Zn`vf [dzd, Z.@. 193.693S6-627 Gnirdaàjtrnjf Zfl Cualfvalturf, Z.@. :;9.788S6-62> Gnirdaàjtrnjf Zfltf Yarasf, Z.@. 27.611S6-68; Gneds Ia Jfsnfld Zfljgaz, Z.@. 2:.;38S6-686 Zdjnaifi Aàjtrnjf Earaz Ia` Mfrquasfid Z.F. 68>.29;S6-683 ZQMNLNZYSDZ A@AJYSNJDZ IA FMNARF, Z.@. 662.>:6S6-68: Gnirdaàjtrnjf Idmnlhuaz, Z.@. 21.67>S6-689 Aàjtrf Jdlnàlsa, [email protected]. :.313.>6>S6-681 Instrncujndlas Aàjtrnjfs [drtn``d, Z.@. 6.37:.836





(Aurds)

S6-682 A@AJYSNJF IA EFBSA, Z.F. 823.;21S6-688 Aàjtrnjf @ds @furaàs, Z.@. :39.:8>S6-687 Aàjtrnjf Zfl Edsa Dcrard, Z.@. 677.763S6-68> FSFHDLAZF IA FJYNRNIFIAZ ALASHAYNJFZ, Z.F. 119.:::S6-67; J. Mfrjnf` Jgfjdl A Gneds, Z.@. 6.8:3.328S6-676 Aàjtrnjf Mdrd Calntd, Z.@. 6:6.118S6-673 Bualtas ^ Jdmpfönf, Z.@. 6.;63.6::S6-67: @f Aàjtrnjf Ia Rf`` Ia Acd, Z.@. 73.>6:S6-679 Fltd`nlf Sunz Sunz, [email protected]. ::.::>S6-671 INZYSNCQJNDLAZ IA ALASHNF A@AJYSNJF IA@ LDSDAZYA, Z.@. 98.9:8

S6-672 A@AJYSF IA UFZ, Z.@. 38:.7;6S6-678 GNISDA@AJYSNJF IA@ JFCSASF, Z@ 381.729S6-677 A@AJYSNJNIFI @F FZQLJNDL, Z.@. 2>.817S6-6>; Zdjnaifi Aàjtrnjf Ia Sncarf Ia` Brasld, Z.F. 962.922S6-6>6 F`sat Aàjtrnjf, Z.@. 6.632.829S6-6>3 A@AJYSD INZYSNCQNIDSF JFZYA@@FLD @ADLAZF, Z.F. 338.>:;S6-6>: A@AJYSF RF@INRNA@ZD, Z.F. 83.:1;S6-6>9 AM[SAZF A@AJYSNJF IA ZFL [AISD, Z.@. 89>.812S6-6>1 Aàjtrnjf Fcalhncralsa Instrncujndl, Z.@. 679.2>>S6-6>2 A@AJYSNJF IA @F ZASSFLNF IA SDLIF Z @ 6.31;.>38

S6-6>8 ACSDBFLFZ, Z.@. 621.3>1S6-6>7 Aàjtrnjf Zfhrfid Jdrfzdl Ia Easus, Z.@. 36>.69:S6-6>> Instrncunidrf Aàjtrnjf Mdlastarnd, [email protected]. 6.>6>.;17S6-3;; Instrncunidrf Aàjtrnjf Crfvd Zfaz, Z.@. 38>.7>9S6-3;6 Aàjtrnjf Luastrf Zaödrf Ia @ds Zfltds, Z.@. 8;9.::;S6-3;3 MD@NLD RNAED IA RN@F@@AS, Z.F. 668.:71S6-3;: Rfrhfs ^ Jdmpfönf Aàjtrd Gfrnlarf Zfl Sfmdl, Z.F. 1;9.937S6-3;9 Aàjtrf Ia Zfltf Jdmcf, Z.@. 6.2>2.129S6-3;1 NJFZF INZYSNCQJNDL ALASHNF, Z.@. :>.6;3S6-3;2 INZYSNCQJNDLAZ A@AJYSNJFZ IA@ ASNF, Z.@. 7:.1;8S6-3;8 INZYSNCQNIDSF A@AJYSNJF NZFCF, [email protected]. 6;9.92>S6-3;7 ALASBSNFZ Z@ 698.211S6-36; Jaltrf` Aàjtrnjf Zfl Fltdlnd, Z.@. 838.73>S6-366 Aàjtrf Jultnalsa, Z.@. 187.812S6-36: A@AJYSNJFZ IA CALQUF, Z.@. 33>.27;S6-369 Sdifàj, Z.@. 698.722S6-361 Aàjtrnjf Ia` Guacrf, Z.@. 6;;.136S6-362 INZYSNCQNIDSF A@ÎJYSNJF IA LFRFZBSNFZ Z.@. 369.3;8S6-368 Aàjtrnjf Mastflzf S.R., Z.@. >1.318S6-367 GNISDA@AJYSNJF IA JFYF@QL^F, Z.@. 6.37>.318S6-36> A@AJYSF IA FCQZAED, Z.@. 6.686.93>S6-33; A@AJYSNJF IA JFLYDÖF Z.@. >1.9;3





(Aurds)

S6-336 Aàjtrnjf Hnàlf, [email protected]. 962.>69S6-333 ALASHNFZ IA [FLYNJDZF Z.@. :9;.17:S6-33: Garaiards Ia Amn`nd Hfmard, Z.@. 78:.6>9S6-339 INZYSNCQNIDSF A@AJYSNJF IA MDLYD@NQ, Z.@. Q. 6;6.:3:S6-331 A@AJYSNJF CFÖAZF, Z.@. >1.>3:S6-332 H`drnf Mfrnsjf`, Z.@. 6:3.>28S6-338 Sunz ia `f Ydrra, Z.@. 6.6:6.>78S6-337 @uz Ia Ja`f, Z.@. 69>.>89S6-33> Aàjtrnjf Zfl Mfrjds, Z.@. 13.:;6S6-3:6 A@ÇJYSNJF JQSÚZ, Z.@. 231.;38

S6-3:3 Aàjtrf Rfìnzfrca, Z.F. 6.:16.88>S6-3:: Aàjtrnjf @ftdrra, Z.@. 11:.>73S6-3:9 A@AJYSNJF IA JFZYSD JF@IA@FZ Z.@. 3:3.687

S6-3:2A@ [SDHSAZD IA@ [NSNLAD- GSDZ. IA BSFLJNZJD CD@@Ú VQA@@F,Z.@. 132.:99

S6-3:8 MDLYAZ@QU INZYSNCQJNDL A@AJYSNJF, Z.@. 9;6.1;3S6-3:7 Amn`nd [fin``f A Gneds, Z.@. 6:1.7>8S6-3:> ZF@YDZ IA@ JFCSASF, Z@ :;1.7>2S6-39; Instrncujndl Alarhnf Aàjtrnjf Ia [frjalt, Z.@. 6>3.333S6-396 INZYSNCQNIDSF IA ALASHNF A@AJYSNJF YDSSAJN@@FZ RNIF@, Z.@. 62>.>>9

S6-393 JALYSF@ A@AJYSNJF NLIQZYSNF@, [email protected]. 366.162S6-39: Gnirdaàjtrnjf A` Jarrfedl, Z.@. 6:1.131S6-399 Gnirdaàjtrnjf Edsa Mftflzf Hfrjnf, Z.@. 39;.613S6-391 Instrncujndl ^ Aàjtrnjf Jfrnifi A Nìabdlsd, Z.@. 69;.>8;S6-392 Ba`npa C`fzquaz, Z.@. 363.81:S6-398 Aàjtrnjf Garmflds Barlfliaz, Z.@. 678.;69S6-397 A. Zffvairf, Z.F. :>;.3>>S6-39> Eufl ^ Brfljnsjd Astava Mfs Z.@. 8:.289S6-31; @QU A@AJYSNJF @DZ MD@FSAZ Z.@ :27.91;S6-316 ZASRNJNDZ QSCFLDZ IA JAS@AS, Z.F. (ZQJZF) 131.1;3S6-313 Garaiards Ia Jfr`ds D`trf, Z.@. 13.99:S6-31: Jdmpföíf A`îjtrnjf ia Bîraz, Z.@. 9;9.82:S6-319 Aàjtrf Zf`taf, Z.@. 6:7.1;7S6-311 A@AJYSNJFZ ZFLYF @ADLDS Z.@. 6::.;76S6-312 Amiajdrnf, Z.@. 6.999.389S6-318 Gneds Ia Brfljnsjd Asjfsd Z.@. 6.:2>.919S6-317 Mn``fralsa Ia Aàjtrnjnifi, Z.F.Q 6::.>>2S6-31> MQLNJN[F@ A@AJYSNJF RN@DSNF, Z.@. 6:;.366S6-32; Aàjtrf @f Gdldrnlf, Z.@. 3;>.166S6-326 A@AJYSF ZFL CFSYD@DMA, Z.@. 37;.816S6-323 Aàjtrnjf Ia` Hufif`bad, Z.@. 978.;3;S6-329 Aàjtrnjf Zfltf Mfrtf ^ Rn``f`cf, Z.@. 6.36:.:>>





(Aurds)

S6-321 GASAIASDZ IA MFSNF F@DLZD JF@UFIF. RALYF IA CFÖDZ Z.@. >6.>38S6-322 Gneds Ia Mflua` [aràs Rnjals, Z.@. 6;:.913S6-328 Aàjtrnjf Ia Rar, Z.@. :2.127S6-327 A@AJYSFINZYSNCQJNÚ JALYA@@AZ, Z.@. 6.2>;.89>S6-32> Mflua` Sdcras Ja`fias, [email protected]. 21.:68S6-38; Aàjtrf Ia` Bdxd, Z.@. :8;.3:2S6-386 INZYSNCQJNDL A@AJYSNJF IA F@JD@AJGF, Z.@. :2.>8:S6-383 @uz Aàjtrnjf Ia F`hfr,[email protected]. 9>:.889

S6-38:AM[SAZF MQLNJN[F@ I'ALASHNF A@AJYSNJF YDSSAZ IA@ ZAHSA,Z.@. 9::.391

S6-389 A@AJ RF@@ IA CDN, Z.@. 7:.378S6-381 A@AJYSNJF IA RF@ISNU, Z.@. 67:.6:9S6-382 NHLF@QU ENMALAU IA YDSSAZ, Z.@. 1>.18;S6-388 INZYSNCQNIDSF A@AJYSNJF LNAC@F, Z.@. 171.966S6-387 Yd`frhn, Z.@. 6.1>3.9>>S6-38> A@AJYSNJF IA@ MDLYZAJ Z@ :72.3;6S6-37; NYQSALHD A@AOYSF, Z.@. 66;.:91S6-376 A@AJYSD ZF@@ALY IA HF@@AHD, Z.@. 327.>1>S6-373 Instrncunidrf Aàjtrnjf Ia Jftdnrf, Z.F. 33;.1>;S6-37: Aàjtrnjf Ia` [dzd Z.Jddp.Mfirnàöf 999.:;3

S6-379 FBSDINZND [FZJQF@ F@DLZD, Z.@. 67:.;6>S6-371 ALASHNFZ IA CALFZVQA, Z.@. 7>>.112S6-372 Instrncujndlas Aàjtrnjfs Ia [dzua`d, Z.F. 662.761S6-378 Instrncunidrf Aàjtrnjf Ia Jfsfs Ia @fzfrd, Z.F. 36;.832S6-377 Instrncujndlas F`lahf, Z.@. 2:.6>:S6-37> A@AJYSD AZJFSSN@@F, Z.@. 76.1>9S6-3>; A@AJYSNJF IA F@CASHQASNF, Z.F. 9;1.831S6-3>6 AM[SAZF A@AJYSNJF IA EDSVQASF, Z.@. 1:.2;:S6-3>3 Aàjtrf @f Md`nlf, Z.@. 3;8.:83S6-3>: GNISDA@AJYSNJF JDYD MNLASD INZYSNCQJNDL, [email protected]. 339.3:1S6-3>9 INZYSNCQNIDSF A@AJYSNJF IA@ [QASYD IA @F JSQU, Z.F. 8.939.;>2S6-3>1 NLIQZYSNF@ CFSJF@AZF, Z.@. :82.76:S6-3>2 INZYSNCQNIDSF A@AJYSNJF I'F@CFYFSSAJ, Z@ :;;.1:8S6-3>8 A@AJYSF DSCFNJAYF, Z.@. 9;.>1;S6-3>7 INZYSNCQNIDSF IA ALASHNF A@AJYSNJF ALASVQNLYF Z@ 6;;.:>2S6-:;; A`îjtrnjfs ia Rn``fgarmdsf Z.F. 72.922S6-:;6 F`frjdl Lfvfrrd Amprasf Aàjtrnjf, Z.@. :17.:;9S6-:;3 FSFMFNDOD FSHNLIFS CFLFYUFN@AF, Z.F. 683.916S6-:;9 GNISDB@FMNJA@@, Z.@. 81;.>6:S6-:;1 Zifi. Mulnjnpf` ia Instrnc. A`îjtrnjf ia @`fvdrsí Z.@. 632.31>S6-:;2 GA@NDIDSD JGFBAS, Z.@. :8;.8;:S6-:;8 Jaltrf` Aàjtrnjf Ia [dzd @dralta, Z. @. 663.>31





(Aurds)

S6-:;7 Frfxas Frhn Nlifrrf, Z.@. 689.28;S6-:;> [aird Zfljgaz Ncföaz 3>2.82:S6-:6; Fhrupfjnúl Instrncunidrf ia Asjuar Z.@. 36.92;S6-:63 A@AJYSF A@ RALIQ@ Z.@ :8.628S6-:6: @anltzfrhn Z.@. :9.1::S6-:69 Instrncunidrf A`ajtrnjf ia [dlts Z.@. ( I.A.[. Z.@.) 63;.126S6-:68 A@AJYSNJF [D[Q@FS, Z.JDD[.MFI :91.939S6-:67 MALINRN@ IA A@AJYSNJNIFI, Z.@. 22.1;6S6-:6> @f Znlfrqualsa [email protected]. 3;6.87>S6-:3; ZASRNJNDZ ZQMNLNZYSDZ MQLNJN[F@AZ FSFZ, [email protected]. 692.218

S6-:3: Buarzfs A`îjtrnjfs ia Cdhfrrf Z.F. (BDCDZF) 1:>.262

S6-:31A. MQLNJN[F@ IA INZYSNCQJNÚ I'ALASHNF A@ÇJYSNJF I'F@MALFS,Z@Q 896.7>2

S6-:32 A@AJYSF YQIFLJF, Z.@. 72.>23S6-:38 A@AJYSNJF FLYDLND MFISNI Z@ 39;.7;6S6-:37 Nlstf`fjndlas A`îjtrnjfs Síd Nsæcalf Z.@. 177.1>9S6-:3> Instrncujndlas A`îjtrnjfs Yf`fyua`fs, Z.@. 38;.92;S6-::; Amprasf A`îjtrnjf ia` Jfcrna` Z.@. 63>.>61S6-::6 FLUQSNAYFZ, Z.@. 3:.:;:S6-::3 CFOFNOQOD FSHNF, Z.F. 2;.97:

S6-::: A@AJYSF FSSQFUQ, Z.@. 13.;23S6-::9 A@AJYSF CFSFNCFS, Z.@. 37.>:2S6-::1 Zarvnjnds y Zumnlnstrds Mulnjnpf`as ia Jgu`n``f, Z.@. 613.763S6-::2 JFYALASNCFZ [email protected]. 93.78;S6-::8 ZDJNAYFY MQLNJN[F@ IA INZYSNCQJNÚ A@AJYSNJF IA YNSRNF, Z.@. :6.776S6-::7 ZQMNLNZYSDZ A@AJYSNJDZ NZFCALF, Z.@. 69;.796S6-::> A@AJYSF QSIFUQCN Z.@. 3>6.>6:S6-:9; A@AJYSNJF JDZYQS, Z@ 79.;83S6-:96 YF@FSL INZYSNCQJND MQLNJN[F@ A@AJYSNJF Z@. 89.:72S6-:93 A@ÎJYSNJF IA @ÍEFS, Z.@. 81:.17:S6-:9: ALASHNFZ IA @F RN@@F IA JFM[D, [email protected]. 638.61>S6-:99 HAZYNDL IA@ ZASRNJND A@AJYSNJD GAJGD Z.@ 6>8.:1>S6-:91 F@JDLASF IA A@AJYSNJNIFI, Z.@. 676.:78S6-:92 A`îjtrnjfs Yuaefr Z.@. 32>.;66S6-:98 A@ÎJYSNJF ZF@FZ IA [F@@FSZ, Z.@. 77.6>6S6-:97 A@AJYSD-GFSNLASF CA@ZAYFLF, Z. JDD[. :8.269S6-:9> @F JDLZYFLJNF-FSÎL, Z.@. 7>.>6>S6-:1; INZYSNCQNIDSF A@AJYSNJF RF@@A IA FLZD Z.@. 6;9.;16S6-:16 A@AJYSNJF ZQIFLA@@ Z.@ 683.:86S6-:13 A`îjtrnjfs Gnirdcasdrf, Z@ 6;2.398S6-:1: A@ÎJYSNJFZ JD@@FID C@FLJD, Z.@. 67>.;63S6-:19 @@QM I'FNL, Z.@. 13.>>7




(Aurds)

S6-:11 A@ÎJYSNJFZ @F ALHQASNLF, Z.@. 317.;>>S6-:12 Jddp R.A.B.F. "ZASSF@@D" 9:.382S6-:18 A@AJYSNJF IA MF@JDJNLFID [email protected] 632.288S6-:17 A`îjtrnjfs ia Rf``fljf, Z.@. 12.166S6-:1> A@AJYSD MFLUFLAIF,Z.@. 628.381S6-:2; A@AJYSNJF MQLNJN[F@ IA ZFLYF JD@DMF IA VQASF@Y Z.@ 1;3.6;8S6-:26 Instrncujndlas A`îjtrnjfs ia Hnstfíl, Z.@. 31.888S6-:23 ALASHÍFZ IA@ UNLVQAYF, Z.@. 28.;61S6-:2: A`ajtrf ia` @`dcrahft Alarhíf, Z.@. 672.827S6-:29 ZFM[D@ Alarhíf, Z.@. 9>.392

S6-:21 A@AJYSF SAIALASHÍF, Z.@. 6.32>.17; YDYF@ :8:.;28.:32

peajes, tarifas y primas 2012 de las instalaciones del régimen especial (es) / tolls, rates and...

Documents