Loading ...
Loading ...
Loading ...
8VRGHODFDUDFWHUtVWLFD6DEEDWK
'LVHxDGDSDUDXWLOL]DUVHHQHO6DEEDWKMXGtR\GtDVIHVWLYRVHQDOJXQRVPRGHORV
*($SSOLDQFHVFRP

&yPRVDOLUGHODFDUDFWHUtVWLFD6DEEDWK
3UHVLRQHHOERWyQ&/($52))
6LHOKRUQRHVWiFRFLQDQGRHVSHUHGXUDQWHXQSHULRGR
DOHDWRULRGHDSUR[LPDGDPHQWHVHJXQGRVDPLQXWR
KDVWDTXHVRORHVWpHQODSDQWDOOD
3UHVLRQH\VRVWHQJDORVERWRQHV%$.(\%52,/+,/2DO
PLVPRWLHPSRKDVWDTXHODSDQWDOODPXHVWUH6)
3UHVLRQHHOERWyQ&/2&.KDVWDTXHDSDUH]FDHQODSDQWDOOD
21R2))21LQGLFDTXHHOKRUQRVHDSDJDUi
DXWRPiWLFDPHQWHGHVSXpVGHKRUDV2))LQGLFDTXHHO
KRUQRQRVHDSDJDUiDXWRPiWLFDPHQWH9HUODVHFFLyQ
&DUDFWHUtVWLFDVHVSHFLDOHVSDUDXQDH[SOLFDFLyQVREUHOD
IXQFLyQ$SDJDGRDXWRPiWLFRGHKRUDV
3UHVLRQHHOERWyQ67$5721
127$(QFDVRGHFRUWHGHHQHUJtDFRQODIXQFLyQGH6DEEDWK
DFWLYDGDGLFKDIXQFLyQVHDSDJDUiDXWRPiWLFDPHQWHD~QFXDQGR
YXHOYDODHQHUJtD(OFRQWUROGHOKRUQRGHEHYROYHUDFRQILJXUDUVH
/DFDUDFWHUtVWLFD6DEEDWKSXHGHXWLOL]DUVH~QLFDPHQWHSDUDKRUQHDGRDVDGR1RSXHGHXWLOL]DUVHSDUDDVDGRDODSDUULOODR'HOD\6WDUW
127$ODOX]GHOKRUQRVHHQFLHQGHDXWRPiWLFDPHQWHHQDOJXQRVPRGHORVFXDQGRODSXHUWDHVDELHUWD\VHDSDJDFXDQGRODSXHUWDHVFHUUDGD6H
SXHGHTXLWDUODERPELOOD&RQVXOWHODVHFFLyQ5HHPSOD]RGHODOX]GHOKRUQR(QORVPRGHORVFRQXQLQWHUUXSWRUGHOX]HQHOSDQHOGHFRQWUROODOX]GHO
KRUQRSXHGHHQFHQGHUVH\GHMDUVHHQFHQGLGD
&yPRFRQILJXUDUHOKRUQHDGRDVDGRUHJXODU
127$3DUDHQWHQGHUFyPRIXQFLRQDHOFRQWUROGHO
KRUQRSUDFWLTXHXVDQGRHOKRUQHDGRQRUPDOQRHQ
IXQFLRQDPLHQWRSDUD6DEEDWKDQWHVGHLQJUHVDUHQHO
PRGRGHIXQFLRQDPLHQWRSDUD6DEEDWK
$VHJ~UHVHGHTXHHOUHORMPXHVWUHODKRUDFRUUHFWDGHO
GtD\TXHHOKRUQRHVWpDSDJDGR
3UHVLRQH\PDQWHQJDVRVWHQLGRVORVERWRQHV
%$.(\%52,/+,/2DOPLVPRWLHPSRKDVWDTXH
ODSDQWDOODPXHVWUH6)
3UHVLRQHHOERWyQ&/2&.KDVWDTXH6$EDSDUH]FD
HQODSDQWDOOD
3UHVLRQHHOERWyQ67$5721\DSDUHFHUiHQOD
SDQWDOOD
3UHVLRQHHOERWyQ%$.(1RVHGDUiQLQJXQD
VHxDO
/DWHPSHUDWXUDGHLQLFLRSUHFRQILJXUDGDVH
FRQILJXUDUiDXWRPiWLFDPHQWHHQ7RTXH
HOERWyQR²GHSDUDDXPHQWDURGLVPLQXLU
ODWHPSHUDWXUDHQLQFUHPHQWRVGH/D
WHPSHUDWXUDSXHGHFRQILJXUDUVHHQWUH\
1RVHPRVWUDUiQLQJXQDVHxDOQL
WHPSHUDWXUD
3UHVLRQHHOERWyQ67$5721

'HVSXpVGHXQSHULRGRDOHDWRULRGHHVSHUDGH
DSUR[LPDGDPHQWHVHJXQGRVDPLQXWR
DSDUHFHUiHQODSDQWDOOD
LQGLFDQGRTXHHO
KRUQRHVWiKRUQHDQGRDVDQGR6LQRDSDUHFH
HQODSDQWDOODFRPLHQFHGHQXHYRHQHO3DVR
3DUDDMXVWDUODWHPSHUDWXUDGHOKRUQRSUHVLRQHHO
ERWyQ%$.(\WRTXHHOERWyQR²SDUDDXPHQWDU
RGLVPLQXLUODWHPSHUDWXUDHQLQFUHPHQWRVGH
3UHVLRQHHOERWyQ67$5721
127$ORVERWRQHV&/($52))\&22.,1*7,0(HVWiQ
DFWLYRVGXUDQWHODFDUDFWHUtVWLFD6DEEDWK
&yPRFRQILJXUDUXQKRUQHDGRDVDGRFURQRPHWUDGR,QLFLRLQPHGLDWR\3DUDGDDXWRPiWLFD
127$3DUDHQWHQGHUFyPRIXQFLRQDHOFRQWUROGHOKRUQR
SUDFWLTXHXVDQGR,PPHGLDWH6WDUW,QLFLRLQPHGLDWR\
$XWRPDWLF6WRS'HWHQFLyQDXWRPiWLFDQRUPDOHVQRHQ
IXQFLRQDPLHQWRSDUD6DEEDWKDQWHVGHLQJUHVDUHQHOPRGR
GHIXQFLRQDPLHQWRSDUD6DEEDWK
$VHJ~UHVHGHTXHHOUHORMPXHVWUHODKRUDFRUUHFWDGHOGtD\TXHHO
KRUQRHVWpDSDJDGR
3UHVLRQH\PDQWHQJDVRVWHQLGRVORVERWRQHV%$.(
\%52,/+,/2DOPLVPRWLHPSRKDVWDTXHODSDQWDOOD
PXHVWUH6)
3UHVLRQHHOERWyQ&/2&.KDVWDTXH6$EDSDUH]FDHQOD
SDQWDOOD
3UHVLRQHHOERWyQ67$5721\DSDUHFHUiHQODSDQWDOOD
3UHVLRQHHOERWyQ&22.,1*7,0(
3UHVLRQHHOERWyQR²SDUDFRQILJXUDUHOWLHPSRGH
FRFFLyQGHVHDGRHQWUHPLQXWR\KRUDV\PLQXWRV
(OWLHPSRGHFRFFLyQTXHLQJUHVyDSDUHFHUiHQODSDQWDOOD
3UHVLRQHHOERWyQ67$5721
3UHVLRQHHOERWyQ%$.(1RVHGDUiQLQJXQDVHxDO
/DWHPSHUDWXUDGHLQLFLRSUHFRQILJXUDGDVHFRQILJXUDUi
DXWRPiWLFDPHQWHHQ7RTXHHOERWyQR²SDUD
DXPHQWDURGLVPLQXLUODWHPSHUDWXUDHQLQFUHPHQWRVGH
/DWHPSHUDWXUDSXHGHFRQILJXUDUVHHQWUH\
1RVHPRVWUDUiQLQJXQDVHxDOQLWHPSHUDWXUD
3UHVLRQHHOERWyQ67$5721

'HVSXpVGHXQSHULRGRDOHDWRULRGHHVSHUD
GHDSUR[LPDGDPHQWHVHJXQGRVDPLQXWR
DSDUHFHUiHQODSDQWDOOD
LQGLFDQGRTXHHO
KRUQRHVWiKRUQHDQGRDVDQGR6LQRDSDUHFH
HQODSDQWDOODFRPLHQFHGHQXHYRHQHO3DVR
3DUDDMXVWDUODWHPSHUDWXUDGHOKRUQRDSULHWHHOERWyQ
%$.(\WRTXHHOERWyQR²SDUDDXPHQWDURGLVPLQXLU
ODWHPSHUDWXUDHQLQFUHPHQWRVGH3UHVLRQHHO
ERWyQ67$5721
&XDQGRODFRFFLyQHVWpWHUPLQDGDODSDQWDOOD
FDPELDUiGH
DLQGLFDQGRTXHHOKRUQRVHKD
DSDJDGRSHURWRGDYtDHVWiFRQILJXUDGRHQ6DEEDWK
5HPXHYDODFRPLGDFRFLQDGD
&XDQGRODSDQWDOODPXHVWUDHO
KRUQRHVWiFRQILJXUDGRHQ6DEEDWK
&XDQGRODSDQWDOODPXHVWUD
HOKRUQRHVWiKRUQHDQGRDVDQGR
&XDQGRODSDQWDOODPXHVWUD
HOKRUQRHVWiFRQILJXUDGRHQ
6DEEDWK&XDQGRODSDQWDOOD
PXHVWUD
HOKRUQRHVWi
KRUQHDQGRDVDQGR
Loading ...
Loading ...
Loading ...