Download   Report
  1. No category

Descargar Documento

,;
&$55(5$
3238/$5
& , 8 ' $ ' ' ( $ 5 * $ 1 ' $
0HPRULDO³-RVp'tD](VSDGD´
(VWDGLR0XQLFLSDO'HSRUWHV
1RYLHPEUH
NP
NP
0HQRUHV
KRUDV
KRUDV
KRUDV
/LEUHULD3DSHOHUtD
DUJD GHQW
&OtQLFDGHQWDO
=21$/$3(5/,7$
&3UHVLGHQWH
)HOLSH*RQ]iOH]Qž
$UJDQGDGHO5H\
7HOI
HO
5DQJ <
&,8'$''(3257,9$ 35,1&,3()(/,3(
$\XQWDPLHQWRGH$UJDQGDGHO5H\
$872(6&8(/$
521'$
0
$872(6&8(/$
521'$
5(*/$0(172
,16&5,3&,21(6
-BTJOTDSJQDJPOFTQBSBMBTDBSSFSBTEFZLNTFQPESÈOSFBMJ[BSIBTUBFMEÓBEF/PWJFNCSFBMBTI
-BDVPUBEFJOTDSJQDJØOQBSBMBDBSSFSBEFLNFTEFFVSPTZQBSBMBEFLNFTEFFVSPTIBTUBFMEFPDUVCSF
"QBSUJSEFMEFOPWJFNCSFFMQSFDJPEFJOTDSJQDJØOTFSÈEFZFVSPTSFTQFDUJWBNFOUF
"NCBTJOTDSJQDJPOFTQVFEFOSFBMJ[BSTFFOMPTTJHVJFOUFTQVOUPT
*/4$3*1$*»/"/5*$*1"%"
"RVBTPM4QPSU
$JVEBE%FQPSUJWBi1SÓODJQF'FMJQFw
"USBWÏTEF
"SHBOEB
XXXEFQPSUJDLFUDPN
*/4$3*1$*0/&4&-.*4.0%*"%&-"$"33&3"
4JIVCJFSBEJTQPOJCJMJEBEEFEPSTBMFTQVEJÏOEPTFDPOTVMUBSFOMBXFCEFM$MVCEF"UMFUJTNP"SHBOEB
FMEÓBEFMBDBSSFSB
TFSFBMJ[BSÈOJOTDSJQDJPOFTFOFMQSPQJP&TUBEJP.VOJDJQBMEF%FQPSUFTEFTEFMBTIBTUBMBTIPSBTTJFOEPMB
DVPUBEFFVSPTQBSBMBDBSSFSBEFLNZEFFVSPTQBSBMBDBSSFSBEFLN-BTJOTDSJQDJPOFTTFDFSSBSÈODVBOEPTF
UPUBMJDFOMPTDPSSFEPSFT
*/4$3*1$*0/&41"3"-"4$"33&3"4%&$"5&(03*"4%&.&/03&4
-BTJOTDSJQDJPOFTQBSBMBDBSSFSBEFNFOPSFTTPOHSBUVJUBT4FQPESÈOSFBMJ[BSFOFM&TUBEJP.VOJDJQBMEF%FQPSUFTFM
NJTNPEÓBEFMBQSVFCBIBTUBNJOVUPTBOUFTEFMDPNJFO[PEFMBDBSSFSBDPSSFTQPOEJFOUFPSFMMFOBOEPFMGPSNVMBSJP
RVFQPESÈOFODPOUSBSFOXXXEFQPSUJDLFUDPNSFDPHJFOEPFMEPSTBMFOMBTFDSFUBSÓBEFMBTDBSSFSBTEFNFOPSFT
F
5(&255,'2
&MSFDPSSJEPEFLNEJTDVSSJSÈQPSFMDBTDPVSCBOPEF"SHBOEBEFM3FZ
-BTBMJEBZMBNFUBFTUBSÈOTJUVBEBTFOFM&TUBEJP.VOJDJQBMEF%FQPSUFT"WEBEF"MDBMÈO
ZQBTBSÈQPSMBTTJHVJFOUFT
DBMMFT D #ÞIP "WEB 7BMEFBSHBOEB D 4BO 4FCBTUJÈO "W EF .BESJE "W %FM &KFSDJUP "WEB EFM 'FSSPDBSSJM D EFM
'FSSPDBSSJM EFM 5BKV×B D &TUBDJØO EF 7BDJBNBESJE $JVEBE %FQPSUJWB i1SÓODJQF 'FMJQFw D 4BO 4FCBTUJÈO "WEB EF
7BMEFBSHBOEB$BNJOPEFMPT4BOUPTD0SPQÏOEPMBD"MDPUÈOD#ÞIPD0SPQÏOEPMBD(BWJMÈO
&MSFDPSSJEPEFLNEJTDVSSJSÈQPSFMDBTDPVSCBOPEF"SHBOEBEFM3FZ
-BTBMJEBZMBNFUBFTUBSÈOTJUVBEBTFOFM&TUBEJP.VOJDJQBMEF%FQPSUFT"WEBEF"MDBMÈO
ZQBTBSÈQPSMBTTJHVJFOUFT
DBMMFTD#ÞIP"WEB7BMEFBSHBOEBD4BO4FCBTUJÈO"WEF.BESJE"W%FM&KFSDJUPD4BOUJBHP"QØTUPMD1F×ØOEF
(JCSBMUBSD7BMEFNBSÓBD.BSEF"MCPSÈOD3FBM1MB[BEFMB$POTUJUVDJØOD+VBOEFMB$JFSWB$USBEF-PFDIFT1BTFP
.JTFSJDPSEJBD&TUBDJØOEF4BOUB&VHFOJBDEFM'FSSPDBSSJMEF"M"OEBMVT"WEBEFM'FSSPDBSSJMDEFM'FSSPDBSSJMEFM
5BKV×BD&TUBDJØOEF7BDJBNBESJE$JVEBE%FQPSUJWBi1SÓODJQF'FMJQFwD4BO4FCBTUJÈO"WEBEF7BMEFBSHBOEB$BNJOP
EFMPT4BOUPTD0SPQÏOEPMBD"MDPUÈOD#ÞIPD0SPQÏOEPMBD(BWJMÈO
-PTDJSDVJUPTFTUBSÈEFCJEBNFOUFTF×BMJ[BEPZNBSDBEPLJMPNÏUSJDBNFOUF
&MSFDPSSJEPEFMBTDBSSFSBTEFNFOPSFTTFMMFWBSÈBDBCPQPSMBTDBMMFTBMFEB×BTBM&TUBEJP.VOJDJQBMEF%FQPSUFT
G
H
6(59,&,26$/&255('25
"WJUVBMMBNJFOUPEVSBOUFFMSFDPSSJEPZFOMBMMFHBEBBNFUB
$BNJTFUBUÏDOJDBDPONFNPSBUJWBi:PDPSSÓDPO&TQBEBw
"NQMJPSFQPSUBKFGPUPHSÈGJDPFOTBMJEBNFUBZBMQBTPEFDBEBLJMØNFUSP
$SPOPNFUSBKFEFUJFNQPOFUPNFEJBOUFDIJQZDPOUSPMQPSMPTKVFDFTEFMB'FEFSBDJØOEF"UMFUJTNPEF.BESJE
7FTUVBSJPTEVDIBTZSPQFSPFO&TUBEJP.VOJDJQBMEF%FQPSUFT
4FHVSPEFBDDJEFOUFTEFQPSUJWP
35(0,26
3FDJCJSÈOVOUSPGFPDPONFNPSBUJWPMPTUSFTQSJNFSPDMBTJGJDBEPTEFMBTDBUFHPSÓBTSFGMFKBEBTFOFMBQBSUBEPO
4FFTUBCMFDFOMPTTJHVJFOUFTQSFNJPTFONFUÈMJDPQBSBMPTBUMFUBTRVFGJOBMJDFOMBDBSSFSBEFLN
DMBTJGJDBEPB
FVSPT
DMBTJGJDBEPB
FVSPT
DMBTJGJDBEPB
FVSPT
13&.*04&41&$*"-&4
DMBTJGJDBEPBMPDBMOBUVSBMPFNQBESPOBEPFO"SHBOEB
FVSPT
ZZZDWOHWLVPRDUJDQGDFRP
E
5(*/$0(172
1BSBSFUJSBSMPTQSFNJPTTFSÈPCMJHBUPSJBMBQSFTFODJBEFMBUMFUBDPOMBEPDVNFOUBDJØOBDSFEJUBUJWB%/*P1BTBQPSUF
-B
OPQSFTFODJBFOFMBDUPEFFOUSFHBEFUSPGFPTTFFOUFOEFSÈDPNPMBSFOVODJBBMPTUSPGFPTPQSFNJPTDPOTFHVJEPT5PEB
EFMFHBDJØOFOPUSBQFSTPOBQPSQBSUFEFMPTHBOBEPSFTEFCFSÈTFSDPOPDJEBZBVUPSJ[BEBQPSMB0SHBOJ[BDJØO
-PTBUMFUBTFYUSBOKFSPTTØMPQPESÈOSFDJCJSQSFNJPTFONFUÈMJDPTJUJFOFOMJDFODJBFOWJHPSEFMB'FEFSBDJØOEF"UMFUJTNPEF
.BESJEQBSBMBQSFTFOUFUFNQPSBEB
I
'256$/<&+,3
&MEPSTBMZFMDIJQTFSFDPHFSÈOFMNJTNPEÓBEFMBQSVFCBFOFM&TUBEJP.VOJDJQBMEF%FQPSUFTQSFTFOUBOEPFM%/*ZFM
SFTHVBSEPEFJOTDSJQDJØOEFTEFMBTIBTUBMBTIPSBT
&MEPSTBMEFCFSÈDPMPDBSTFFOMBQBSUFGSPOUBMEFMUSPODPQBSBMBDPSSFDUBWJTVBMJ[BDJØOEFMPTKVFDFTEVSBOUFFMSFDPSSJEPZB
MBFOUSBEBFONFUB&MDIJQEFCFSÈTVKFUBSTFDPOMPTDPSEPOFTEFVOBEFMBT[BQBUJMMBT&MVTPJODPSSFDUPEFMDIJQQVFEF
JNQMJDBSVOGBMMPFOFMDPOUSPMEFMUJFNQP&MDIJQEFCFSÈTFSFOUSFHBEPFOMPTQVOUPTIBCJMJUBEPTFOMBNFUBQPSUPEPTMPT
DPSSFEPSFT
J
&$7(*25Ì$6<+25$5,26
"%6-504
+VWFOJM.BTD
+VWFOJM'FN
"CTPMVUP.BTD
"CTMVUP'FN
"%6-504
+VOJPS.BTD
+VOJPS'FN
4FOJPS.BTD
4FOJPS'FN
7FUFSBOPi"w
7FUFSBOBi"w
BQBSUJSEFM
B×P
&%"%
%*45"/$*"
4"-*%"
530'&04
NFUSPT
IPSBT
%*45"/$*"
4"-*%"
OBDJEPT
IBTUBB×PT
B
B×PT
530'&04
NFUSPT
IPSBT
B
B×PT
7FUFSBOBi$w
B×PT
FOBEFMBOUF
*/'"/5*-&4
$BEFUF
"º0/"$
*OGBOUJM
"MFWÓO
#FOKBNÓO
1SFCFOKBNÓO
.JOJ
B
7FUFSBOPi#w
7FUFSBOBi#w
7FUFSBOPi$w
K
&%"%
%*45"/$*"
NUT
NUT
4"-*%"
I
530'&04
I
I
I
NUT
I
NUT
I
3FDVFSEP
'(6&$/,),&$&,21(6
1PESÈOTFSEFTDBMJGJDBEPTEFMBQSVFCBBRVFMMPTDPSSFEPSFTRVF
/PSFBMJDFOFMSFDPSSJEPDPNQMFUP
3FBMJDFOMBQSVFCBDPOFMEPSTBMEFPUSPDPSSFEPS
/PTFDPMPRVFOFMDIJQPEPSTBMDPSSFDUBNFOUF
/PBUJFOEBOMBTJOTUSVDDJPOFTEFMPTNJFNCSPTEFMBPSHBOJ[BDJØO
ZZZDWOHWLVPRDUJDQGDFRP
35(0,26FRQWLQXDFLyQ
5(*/$0(172
6(*85,'$'
-BDBSSFSBFTUBSÈWJHJMBEBQPSBHFOUFTEFMB(VBSEJB$JWJM1PMJDÓB-PDBM1SPUFDDJØO$JWJMZNJFNCSPTEFMB0SHBOJ[BDJØO
1SPUFDDJØO$JWJMEBSÈDPCFSUVSBTBOJUBSJBEVSBOUFFMSFDPSSJEPZFOBMHVOBT[POBTEFMNJTNPDPOBNCVMBODJBTDPMPDBEBT
FTUSBUÏHJDBNFOUF
-BPSHBOJ[BDJØOUJFOFDPOUSBUBEBVOBQØMJ[BEFTFHVSPEF3FTQPOTBCJMJEBE$JWJMZ"DDJEFOUFRVFBNQBSBBMPTDPSSFEPSFT
ÁOJDBNFOUFQPESÈOTFHVJSMBDBSSFSBMPTWFIÓDVMPTBVUPSJ[BEPTQPSMBPSHBOJ[BDJØO2VFEBUPUBMNFOUFQSPIJCJEPTFHVJSB
MPTDPSSFEPSFTFODPDIFNPUPCJDJDMFUBPDVBMRVJFSPUSPNFEJPEFMPDPNPDJØOQPSFMQFMJHSPRVFTVQPOF
$BEBDPSSFEPSQBSUJDJQBCBKPTVFOUFSBSFTQPOTBCJMJEBEZEFDMBSBQPTFFSVOOJWFMEFDPOEJDJØOGÓTJDBTVGJDJFOUFQBSB
BGSPOUBSMBQSVFCB-B0SHBOJ[BDJØOSFDPNJFOEBBUPEPTMPTDPSSFEPSFTSFBMJ[BSVOSFDPOPDJNJFOUPNÏEJDPZPVOBQSVFCB
EFFTGVFS[PBOUFTEFUPNBSMBTBMJEB
-B0SHBOJ[BDJØOEFDMJOBUPEBSFTQPOTBCJMJEBEEFMPTEB×PTRVFMPTQBSUJDJQBOUFTQVEJFSBOTVGSJSØDBVTBSBUFSDFSPTFO
IPSBTQPTUFSJPSFTBTVQBSUJDJQBDJØOFOMBDBSSFSB
M
$&(37$&,Ð1'(/5(*/$0(172
4FFTUBCMFDFVOUJFNQPNÈYJNPEFQBTPQPSDBEBLJMØNFUSPEFNJOVUPT
5PEPTMPTQBSUJDJQBOUFTQPSFMIFDIPEFGPSNBMJ[BSTVJOTDSJQDJØOBDFQUBOFMQSFTFOUFSFHMBNFOUPZEBOTVDPOTFOUJNJFOUP
QBSBRVFFMDMVCNVOJDJQBMEFBUMFUJTNPEFBSHBOEBQPSTJNJTNBPNFEJBOUFUFSDFSBTFOUJEBEFTUSBUFOJOGPSNBUJWBNFOUF
ZDPOGJOBMJEBEFYDMVTJWBNFOUFEFQPSUJWBQSPNPDJPOBMPDPNFSDJBMTVTEBUPTEFDBSÈDUFSQFSTPOBMBTJDPNPTVJNBHFO
EFOUSPEFMBQSVFCBNFEJBOUFGPUPHSBGJBTWJEFPTFUD
-BQBSUJDJQBDJØOFOMBQSVFCBTVQPOFMBSFOVODJBBDVBMRVJFSBDDJØOQFOBMPDJWJMDPOUSBMBPSHBOJ[BDJØOZDPMBCPSBEPSFT
EFSJWBEP EF MPT EB×PT GÓTJDPT P NPSBMFT RVF QVFEBO TVGSJS MPT QBSUJDJQBOUFT FO FM USBOTDVSTP EF MB NJTNB P DPNP
DPOTFDVFODJBEFÏTUB
%FBDVFSEPDPOMPRVFFTUBCMFDFMB-FZ0SHBOJDBEFMEFEJDJFNCSFEFMB1SPUFDDJPOEF%BUPTEF$BSÈDUFS
1FSTPOBMFMQBSUJDJQBOUFQPESÈFKFSDFSTVEFSFDIPEFBDDFTPBFTUPTGJDIFSPTDPOFMPCKFUPEFSFDUJGJDBSPDBODFMBSEF
GPSNBQBSDJBMPUPUBMTVDPOUFOJEP1BSBFKFSDJUBSFTUFEFSFDIPEFCFSÈTPMJDJUBSMPQPSFTDSJUPBMEPNJDJMJPTPDJBMEFM$."
"SHBOEB"WEB7BMEFBSHBOEB"SHBOEBEFM3FZ
-BPSHBOJ[BDJØOOPBTVNJSÈOJOHVOBSFTQPOTBCJMJEBETJFMFWFOUPTFTVTQFOEFPBQMB[BQPSSB[POFTEFGVFSBNBZPS
5PEPTMPTQBSUJDJQBOUFTQPSFMIFDIPEFJOTDSJCJSTFBDFQUBOFMQSFTFOUFSFHMBNFOUP
5PEPMPOPQSFWJTUPFOFTUFSFHMBNFOUPTFSFTPMWFSÈQPSFMSFHMBNFOUPEFDPNQFUJDJPOFTEFMB3'&"DJSDVMBS
ZZZDWOHWLVPRDUJDQGDFRP
L
,;
&$55(5$
3238/$5
0HPRULDO³-RVp'tD](VSDGD´
(VWDGLR0XQLFLSDO'HSRUWHV
1RYLHPEUH
& , 8 ' $ ' ' ( $ 5 * $ 1 ' $
6$/,'$+25$6
.0
&,8'$''(3257,9$ 35,1&,3()(/,3(
$\XQWDPLHQWRGH$UJDQGDGHO5H\
,;
&$55(5$
3238/$5
0HPRULDO³-RVp'tD](VSDGD´
(VWDGLR0XQLFLSDO'HSRUWHV
1RYLHPEUH
& , 8 ' $ ' ' ( $ 5 * $ 1 ' $
6$/,'$+25$6
.0
&,8'$''(3257,9$ 35,1&,3()(/,3(
$\XQWDPLHQWRGH$UJDQGDGHO5H\
,;
&$55(5$
3238/$5
0HPRULDO³-RVp'tD](VSDGD´
(VWDGLR0XQLFLSDO'HSRUWHV
1RYLHPEUH
& , 8 ' $ ' ' ( $ 5 * $ 1 ' $
6$/,'$+25$6
&DGHWH 6$/,'$+25$6
,QIDQWLO
PHWURVFRQVDOLGD\PHWDGHQWURGHOHVWDGLR\ODVFDOOHVFGHO%~KR$YGH9DOGHDUJDQGD
FGHO&ROLEUtFGHO&yQGRUFGHO%~KRFGHOD2URSpQGRODFGHO*DYLOiQ
&,8'$''(3257,9$ 35,1&,3()(/,3(
$\XQWDPLHQWRGH$UJDQGDGHO5H\
6DOLGD
0HWD
,;
&$55(5$
3238/$5
0HPRULDO³-RVp'tD](VSDGD´
(VWDGLR0XQLFLSDO'HSRUWHV
1RYLHPEUH
& , 8 ' $ ' ' ( $ 5 * $ 1 ' $
6$/,'$+25$6
$OHYtQ 6$/,'$+25$6
%HQMDPtQ
PHWURVFRQVDOLGD\PHWDGHQWURGHOHVWDGLR\ODVFDOOHVFGHO%~KRFGHOD2URSpQGROD
FGHO*DYLOiQ
&,8'$''(3257,9$ 35,1&,3()(/,3(
$\XQWDPLHQWRGH$UJDQGDGHO5H\
6DOLGD
0HWD
,;
&$55(5$
3238/$5
0HPRULDO³-RVp'tD](VSDGD´
(VWDGLR0XQLFLSDO'HSRUWHV
1RYLHPEUH
& , 8 ' $ ' ' ( $ 5 * $ 1 ' $
6$/,'$+25$6
3UHEHQMDPtQD
PHWURVFRQVDOLGD\PHWDGHQWURGHOHVWDGLR
&,8'$''(3257,9$ 35,1&,3()(/,3(
$\XQWDPLHQWRGH$UJDQGDGHO5H\
6DOLGD
0HWD
,;
&$55(5$
3238/$5
0HPRULDO³-RVp'tD](VSDGD´
(VWDGLR0XQLFLSDO'HSRUWHV
1RYLHPEUH
& , 8 ' $ ' ' ( $ 5 * $ 1 ' $
6$/,'$+25$6
0LQLDO
PHWURVFRQVDOLGD\PHWDGHQWURGHOHVWDGLR
&,8'$''(3257,9$ 35,1&,3()(/,3(
$\XQWDPLHQWRGH$UJDQGDGHO5H\
6DOLGD
0HWD

EsDocs.com

© Copyright 2025