)5
 (88.%RXWRQGHVLJQDOUDGLR
 &RPSDUWLPHQWGHVSLOHV
 6RQGHGHOXPLqUH
 0(09LVXDOLVDWLRQ GHOD WHPSpUDWXUHDFWXHOOH
 PD[LPXPPLQLPXP
 352-(&7,21%RXWRQ212))
 /,*+7%RXWRQUpWURpFODLUDJ H212))
'(02:($7+(5)25(&$676pOHFWLRQQHHQWUH
 PRGHGHPRHWPRGHSUpYLVLRQPpWpRURORJLTXH
)LFKHG¶DGDSWDWHXU
621'(6$16),/
 ,QGLFDWHXUGHVWDWXW/&'
 )L[DWLRQPXUDOH
 &RPSDUWLPHQWGHVSLOHV
 5(6(75pLQLWLDOLVH]7URXGHUHGpPDUUDJH
 &+$11(/&$1$/&RPPXWDWHXUGHFDQDO
3285&200(1&(5$/,0(17$7,21
/HVSLOHV QH���VHUYHQW TXHFRPPH DOLPHQWDWLRQGH
VHFRXUV3RXUO¶XWLOLVDWLRQSHUPDQHQWHGXSURMHFWHXUGX
UpWURpFODLUDJHHWGXPRGHGHPRLQVWDOOH]O¶DGDSWDWHXU
/
D
S
ULVHGH FRXUDQWGRLW
r
WUHLQVWDOO
p
H
j
S
UR[LPLW
p
GH
O
¶pTXLSHPHQWHW
I
DFLOHPHQWDFFHVVLEOH
5(0$548( 4XDQGDXFXQH VRXUFHG¶DOLPHQWDWLRQ
pOHFWULTXHHVWGpWHFWpH DSSDUDvWUD
3RXULQVpUHUOHVSLOHV
 5HWLUH]OHFRXYHUFOHHWLQ VpUH]OHVSLOHVUHVSHFW DQW
 OHVSRODULWpV
 $SSX\H]VXU5(6(7DSUqVFKDT XHFKDQJ HPHQWGHS LOHV
 =21( 6,*1,),&$7,21
+RUORJHDODUPH /HVSLOHVGHO¶DSSDUHLO
SULQFLSDOVRQWIDLEOHV
7HPSpUDWXUH
H[WpULHXUHLQWpULHXUH
/DSLOHGHODVRQGHHVW
IDLEOH
621'(6$16),/
3RXULQVWDOOHUODVRQGH
 5HWLUH]OHFRXYHUFOHHWLQVpUH]OHVSLOHVUHVSHFWDQW
 OHVSRODULWpV
 3RVLWLRQQH]OHFDSWHXUDXOLHXGHYRWUHFKRL[jO¶DLGH
 GHOD¿[DWLRQPXUDOHRXGXSLHG