￿

 

 

 

287526

 

 

 

 

 

 

 

&RQVXPR￿GH￿HQHUJLD

,PSUHVVmR0HQRV￿GH￿￿￿￿￿:￿

 

 

(P￿HVSHUD0HQRV￿GH￿￿￿￿:￿

 

 

(P￿LQDFWLYLGDGH

+/￿￿￿￿￿￿￿￿￿0HQRV￿GH￿￿￿:￿￿

￿

 

 

+/￿￿￿￿￿1￿￿0HQRV￿GH￿￿￿￿:￿￿

 

 

￿7HPSR￿GH￿DFWLYDomR￿SUp￿GHILQLGR￿￿￿￿￿PLQXWRV￿

 

 

 

 

 

'HVOLJDGD0HQRV￿GH￿￿￿￿￿￿:￿￿

 

 

 

￿$￿~QLFD￿IRUPD￿GH￿WHU￿XP￿FRQVXPR￿GH￿HQHUJLD￿GH￿￿￿:￿p￿GHVOLJDU￿R￿FDER￿

 

 

 

GH￿DOLPHQWDomR￿GD￿WRPDGD￿￿

 

1tYHO￿GH￿UXtGR

,PSUHVVmR

0HQRV￿GH￿￿￿￿G%￿

 

 

(P￿HVSHUD

0HQRV￿GH￿￿￿￿G%￿

 

 

 

 

 

5XtGR￿SRU￿,62￿￿￿￿￿

,PSUHVVmR

/ZDG￿ ￿￿￿G%￿￿$￿￿

 

 

 

3RGH￿SUHWHQGHU￿LQVWDODU￿LPSUHVVRUDV￿FRP￿XP￿QtYHO￿GH￿SRWrQFLD￿GH￿VRP￿

 

 

 

GH￿/ZDG￿￿￿￿G%￿￿$￿￿RX￿PDLV￿QXP￿FXEtFXOR￿RX￿VDOD￿VHSDUDGD￿

 

 

 

 

 

 

(P￿HVSHUD

/ZDG￿ ￿￿￿G%￿￿$￿

 

(FRORJLD

3RXSDQoD￿GH￿

6LP

 

 

HQHUJLD

 

 

 

(FRQRPL]DU￿6LP￿

 

 

WRQHU

 

 

￿

 

 

 

￿

 

 

￿￿$￿SDUWLU￿GD￿FDVVHWH￿GH￿SDSHO￿VWDQGDUG

￿￿$￿WHFQRORJLD￿+4￿￿￿￿￿GD￿%URWKHU￿IRUQHFH￿D￿PHOKRU￿TXDOLGDGH￿GH￿LPSUHVVmR￿SRVVtYHO￿DR￿PHVPR￿ WHPSR￿TXH￿H[HFXWD￿XPD￿LPSUHVVmR￿j￿YHORFLGDGH￿Pi[LPD￿

￿￿$WUDYpV￿GR￿GULYHU￿%5￿6FULSW￿￿ILFKHLUR￿33'￿￿FRP￿R￿0DF￿26￿￿￿RX￿SRVWHULRU

￿￿&RQWUROR￿GH￿DOWD￿UHVROXomR

￿￿7HFQRORJLD￿DYDQoDGD￿3KRWR6FDOH

￿ ￿￿ 8WLOLWiULR￿RULJLQDO￿GR￿:LQGRZVŠ￿SDUD￿JHVWmR￿GR￿VHUYLGRU￿GH￿LPSUHVVmR

￿￿*HVWmR￿GR￿VHUYLGRU￿GH￿LPSUHVVmR￿H￿GD￿LPSUHVVRUD￿DWUDYpV￿GH￿XP￿:HE￿%URZVHU

￿￿(PXODomR￿GD￿OLQJXDJHP￿3RVW6FULSW￿￿

￿￿&RGH￿￿￿￿,QWHUOHDYHG￿￿￿GH￿￿￿￿($1￿￿￿￿($1￿￿￿￿￿83&￿$￿￿83&￿(￿￿($1￿￿￿￿￿￿&RGDEDU￿￿),0￿86￿ 3RVW1HW￿￿￿,6%1￿￿&RGH￿￿￿

￿￿￿2￿Q~PHUR￿WRWDO￿GH￿WLSRV￿GH￿OHWUD￿36￿￿p￿GH￿￿￿￿￿￿￿￿￿￿WLSRV￿GH￿OHWUD￿$JID￿￿￿￿￿￿WLSRV￿GH￿OHWUD￿RULJLQDLV￿

￿￿￿$SHQDV￿(WKHU7DON

￿￿￿6RIWZDUH￿XWLOLWiULR￿SDUD￿LPSULPLU￿QHVWD￿LPSUHVVRUD￿D￿SDUWLU￿GH￿XP￿FRPSXWDGRU￿UHPRWR￿YLD￿,QWHUQHW￿￿￿

￿3DUD￿:LQGRZVŠ￿￿￿￿￿￿￿￿￿￿￿0H￿￿17Š￿￿￿￿￿￿￿￿￿￿￿￿￿￿;3￿

￿￿￿6RIWZDUH￿XWLOLWiULR￿SDUD￿JHULU￿WLSRV￿GH￿OHWUD￿H￿PDFURV￿￿IRUPXOiULRV￿HOHFWUyQLFRV￿￿DUPD]HQDGRV￿QD￿ PHPyULD￿GD￿LPSUHVVRUD￿￿￿￿

￿3DUD￿:LQGRZVŠ￿￿￿￿￿￿￿￿￿￿￿0H￿￿17Š￿￿￿￿￿￿￿￿￿￿￿￿￿￿;3￿

￿￿￿8PD￿IXQomR￿GR￿GULYHU￿GD￿LPSUHVVRUD￿TXH￿OKH￿SHUPLWH￿DOWHUDU￿DV￿GHILQLo}HV￿GD￿LPSUHVVRUD￿VHP￿WHU￿GH￿ DEULU￿D￿FDL[D￿GH￿GLiORJR￿3URSULHGDGHV￿￿

$±￿￿