Está en la página 1de 1

GD4XLQFHQDGH$JRVWR

,QIRUPDWLYR9HUD3DUHGHV

1RUD0iUTXH]6DODV 0RGHORV\)RU PDWRV


)RUPXODULR1*XtDGH3DJRV9DULRV
6H GHEHUi HQWHQGHU SRU *XtD SDUD 62/23$5$6(586$'2&202%255$'25 681$7
3DJRV 9DULRV )RUPXODULRV 1   683(5,17(1'(1&,$'($'0,1,675$&,2175,%87$5,$

DODFRQVWDQFLDJHQHUDGDSRUHO6LVWH
*8$3$5$3$*269$5,26
PD 3DJR )iFLO DQWHV FRQRFLGR FRPR 8WLOLFHHVWDJXtDVRORVLHV0(',$1223(48(f2&2175,%8<(17(
7UDQVIHUHQFLD (OHFWUyQLFD GH )RQGRV 0$548(/248('(6($3$*$5
75,%8726 LQFOX\H5'(1(6'(3$*2<5(62/8&,21(6
7() FRPRUHVXOWDGRGHOSDJRGHWUL  08/7$6 LQFOXtGDVODVGHO1XHYR5pJLPHQQLFR6LPSOLFDGR

EXWRVPXOWDVRFRQFHSWRVYLQFXODGRV &267$6<*$6726$'0,1,675$7,926
)5$&&,21$0,(1726 $57&',*275,%87$5,25($)'/(*3(573(57$5()76($35(6,7
DWULEXWRVLQWHUQRV '$7261(&(6$5,263$5$5($/,=$5(/3$*2(172'26/26&$626
10(5258& 
6H SXHGHQ HIHFWXDU ORV VLJXLHQWHV SD
3(52'275,%87$5,2 0HV $xR
JRV  
,03257$17(
&',*2 '( 75,%872
 6L UHDOL]D SDJR SRU 08/7$6 YHULILTXH VL GHEH
 3DJRGH7ULEXWRVLQFOXVRODVFRQWUL &21&(372208/7$
YHUWDEODDOGRUVR FRQVLJQDU DGLFLRQDOPHQWH LQIRUPDFLyQ HQ HO UXEUR
EXFLRQHVDO(VVDOXG\213 7ULEXWR$VRFLDGRDOD0XOWD YHUWDEODDOGRUVR 
 62/2 VL UHDOL]D SDJR SRU IUDFF$UW  &yGLJR
 3DJR GH YDORUHV UGHQHV GH 3DJR ,03257($3$*$5
VLQGHFLPDOHV
 7ULEXWDULR5($)FRVWDVRJDVWRVLQGLTXHHOQ~PHUR
GHGRFXPHQWR
5HVROXFLRQHV GH 'HWHUPLQDFLyQ
5HVROXFLRQHVGH0XOWDV  '$726$',&,21$/(63257,32'(3$*2 
 3DJRVSRU&RVWDV3URFHVDOHV\JDVWRV 75,%872$62&,$'2$/$08/7$ 10(52'('2&80(172
DGPLQLVWUDWLYRV
 3DJRVGH&XRWDVGH)UDFFLRQDPLHQ &',*2'(75,%872$62&,$'2 10(52'('2&80(172 
WRV 'HFUHWR /HJLVODWLYR  5()7 YHUWDEODDOGRUVR
&RQVLJQHHO10(52'('2&80(172SDUDHIHFWXDUHOSDJRGHOR
/H\$UWtFXORGHO&yGLJR VLJXLHQWH
7ULEXWDULR5($)\6($3'HFUHWR/H   )5$&&$57'(/&7 R FRQVLJQH
HO1~PHURGH5HVROXFLyQTXHDSUXHEDHO)UDFFLRQDPLHQWR
&RQVLJQH LQIRUPDFLyQ HQ HVWH UXEUR VyOR VL HO
JLVODWLYR1  FyGLJRGHODPXOWDFRUUHVSRQGHDFXDOTXLHUDGH
 5($)     R   FRQVLJQH HO 1~PHUR GH
5HVROXFLyQTXHDSUXHEDHO$SOD]DPLHQWR\R)UDFFLRQDPLHQWR
 3DJRGH0XOWDVSRUFXDOTXLHULQIUDF ORV VLJXHQWHV     

 &267$6 R FRQVLJQHHO1([SHGLHQWHGH&REUDQ]D
&RDFWLYD
FLyQLQFOXLGDVODVTXHGHEDQSDJDU   *$6726 &yGLJR GH WULEXWR    R   1~PHUR
y 5HVROXFLyQ
ORVVXMHWRVHQHO586

7$%/$'(&',*26'(75,%8726&21&(3726<08/7$6'(862)5(&8(17(
,038(672*(1(5$/$/$69(17$6 ,038(672*(1(5$/$/$69(17$6 08/7$648(125(48,(5(1&',*2'(75,%872$62&,$'2 (O SDJR PHGLDQWH OD *XtD SDUD 3DJRV
 &XHQWD3URSLD
 /LTXLGGH&RPSUDV5HWHQFLRQHV
 7(6252 (66$/8' 6(1&,&2 213
'/HJ      
)21$9, )21&2081 7(62 (66$/8'
52 213 9DULRVRIUHFHODYHQWDMDTXHVyORVHQH
  1ROOHYDUOLEURVFRQWDEOHVXRWURVUHJLVWURVH[LJLGRV
 5HJ3URYHHGRUHV5HWHQFLRQHV $UW&7         1R UHJLVWUDU LQJUHVRV UHQWDV SDWULPRQLR YHQWDV FHVLWDSURSRUFLRQDULQIRUPDFLyQPtQLPD
 8WLOL]DFLyQ6HUYLFLRV3UHVWDGRV1R'RPLFLOLDGRV 5($)      
 5pJLPHQGH3HUFHSFLyQ )HQGHO1LxR      
UHPXQHUDFLRQHVRUHJLVWUDUORVSRUPRQWRVLQIHULRUHV
  /OHYDUFRQDWUDVRORVOLEURV\UHJLVWURV
SDUD UHDOL]DU HO SDJR OR TXH FRQOOHYD
 3HUFHSFLyQ9HQWDV,QWHUQDV
,038(6726(/(&7,92$/&216802,6&
,1'(&23,      
3(57$      
  1RFRQVHUYDUOLEURV\GRFXPHQWDFLyQVXVWHQWDWRULD
  3UHVHQWDU ODV GHFODUDF HQ IRUPD \R FRQGLFLRQHV
D TXH VHD XQD WUDQVDFFLyQ VHQFLOOD \
$SpQGLFH,,,  &RPEXVWLEOHV 5()7       GLVWLQWDVDODVHVWDEOHFLGDV UiSLGD
 3URGXFWRVDODWDVDGHO 6($3         3UHVHQWDUGHFODUHQOXJDUHVGLVWLQWRVDHVWDEOHFLGRV
 3URGXFWRVDODWDVDGHO 5(6,7         1RH[KLELUORVOLEURVUHJLVWURVTXHOD$GP7ULEVROLFLWH
$SpQGLFH,9  3URGXFWRVDODWDVDGHO   5HDEULULQGHELGDPHQWHHOORFDOXRFLQDFHUUDGR
 3UHFLRGH9HQWDDO3~EOLFR 
/(<      
 3(57)21$9,   3URSRUFLRQDULQIRUPDFLyQIDOVD  0DUTXHHOFRQFHSWRTXHGHVHDSDJDU
 &HUYH]DV6LVW(VSHFtFR 
 3URGXFWRVDODWDVDGHO
 2WURV)UDFFLRQDPLHQWRV(66$/8'
 $UW&7(66$/8'$JUDULR
  1RFRPSDUHFHURFRPSDUHFHUIXHUDGHSOD]R
  2FXOWDURGHVWUXLUDYLVRVGH681$7
WULEXWRV PXOWDV FRVWDV \ JDVWRV
 /RWHUtDV%LQJRV5LIDV  '/HJ$FFLGHQWHVGH7UDEDMR
 3(57
  $XWRUL]DUOLEURVUHJLVWURVYLQFXODGRVDDVXQWRVWULEX
WDULRVVLQVHJXLUHOSURFHGLPLHQWRHVWDEOHFLGR
DGPLQLVWUDWLYRVRIUDFFLRQDPLHQWRV
,038(672$/$5(17$
&DWHJRUtD UD GD UD WD WD &267$6<*$6726   1RHQWUHJDU&HUWLFDGRVGHUHWHQFLyQRSHUFHSFLyQ GHVHUHOFDVR 
DVtFRPRGHUHQWDV\UHWHQFLRQHV
&XHQWD3URSLD     
 &RVWDV3URFHVDOHV
 *DVWRVGH&RPLVR,QWHUQR5HPDWHGH%LHQHV   1RHQWUHJDUDOD681$7HOPRQWRUHWHQLGRSRUHPEDUJR  &RQVLJQHHO1GH58&
5HWHQFLRQHV        5HFXSHUDFLyQGHPHUFDGHUtDFRPLVDGD
&RPLVDGRV
 *DVWRV$GPLQLVWUDWLYRV&REUDQ]D&RDFWLYD   1RIDFLOLWDUHOFRQWUROGHOWUDVODGRGHELHQHV  $QRWHHOPHV\HODxRTXHFRUUHVSRQ
 (VSHFLDO $PD]RQtD $JUDULRV'/HJ )URQWHUD
5pJLPHQ
     2752675,%8726
  $GTXLVLFLRQHVVLQGHSyVLWR/H\1
  3URYHIHFW~DUHWLURVLQGHSyVLWR/H\1
GDDODGHFODUDFLyQSDJR
 5HQWD'LVWULEXFLyQ'LYLGHQGRV
 5HQWD'LVWULEXFLyQ,QGLUHFWD,QFLVRJ$UW$
 $UUR]3LODGR,9$3
 ,PSXHVWR7HPSRUDODORV$FWLYRV1HWRV,7$1
  3URYSHUPLWHUHWLURVLQGHSyVLWR/H\1
  6XMHWRFXHQWDSURYHQWUHJDELHQVLQGHSyVLWR/H\1
 &RQVLJQDUHOFyGLJRFRUUHVSRQGLHQWH
 1R'RPLFLOLDGRV5HWHQFLRQHV  &RQWULEXFLyQ6ROLGDULD'/
 ,PSXHVWRDO5RGDMH
 DOWULEXWRFRQFHSWRRPXOWDVHJ~Q
 5HJXODUL]DFLyQ2WUDV&DWHJRUtDV   (66$/8'0XOWDVSHUtRGRVWULEXWDULRVDQWDMXOLR
 5HJXODUL]DFLyQ7HUFHUD&DWHJRUtD  ,PSXHVWRGH3URPRFLyQ0XQLFLSDO
 6(1&,&2
  2132WUDVPXOWDV OD WDEOD TXH JXUD HQ HO GRUVR GHO
  6(1&,&22WUDVPXOWDV
18(925e*,0(11,&26,03/,),&$'2   ,PSXHVWRDODV$FFLRQHVGHO(VWDGR
 ,PSXHVWRDORV&DVLQRV 
IRUPXODULR
3DUDSHUtRGRVDSDUWLUGHHQHUR 08/7$648(125(48,(5(1&',*2'(75,%872$62&,$'2

&DWHJ
      ,PSXHVWRDODV0iTXLQDV7UDJDPRQHGDV  7(62 (66$/8' )21  &RQVLJQH HO PRQWR GHO LPSRUWH D
 3URPRF7XUtVWLFR/H\ 52 213 &2081
     
 ,PSXHVWRDODV(PEDUFDFLRQHVGH5HFUHR,(5    1R SUHVHQWDU OD '- HQ ORV SOD]RV HVWDEOH SDJDU HQ PRQHGD QDFLRQDO \ VLQ
,038(672(;75$25',1$5,2'(62/,'$5,'$',(6  ,7)&XHQWD3URSLD FLGRV
&XHQWD &XHQWD 7UDEDMDGRUHV 5HWHQF&RQVWUXFWRUDV
 ,7)5HWHQFLyQ    1RSUHVHQWDURWUDV'-RFRPXQGHQWURGHOSOD]R GHFLPDOHV
3URSLD 7HUFHURV ,QGHSHQGLHQWHV \SURYHHGRUHV 08/7$648(125(48,(5(1&',*2'(
75,%872$62&,$'2
   3UHVHQWDUODV'-HQIRUPDLQFRPSOHWD
   3UHVHQWDURWUDV'-RFRPXQHQIRULQFRP
 &RQVLJQHHOFyGLJRFRUUHVSRQGLHQWH
   
(66$/8'213
 1RLQVFULSFLyQHQORVUHJLVWURVGHOD$GPLQLVW SOHWD DOWULEXWRDVRFLDGRDODPXOWDGHVHU
 (PLWLURWRUJDUFRPSGHSDJRVLQUHTXLVLWRV    3UHVHQWDU PiV GH XQD UHFWLI PLVPR WULE
 6HJXUR5HJXODU/H\  ,QVFULSFLyQFRQGDWRVIDOVRV SHUtRGR HOFDVR
 6HJXUR&RPSOHPHQWDULRGH7UDEDMR5LHVJR  1RHPLWLU\RQRRWRUJDUFRPSGHSDJR    3UHVHQWDUPiVGHXQDUHFWLILFDWRULDGHRWUDV
 (66$/8'9LGD  (PLWLU\XRWRUJDUFRPSGHSDJRTXHQRFRUUHV FRPXQLFDFLRQHVSRUHOPLVPRFRQFHSWRSHUtRGR  &RQVLJQHHOQ~PHURGH'RFXPHQWR
 6HJXUR$JUDULR SRQGDQDOUpJLPHQRDOWLSRGHRSHUDFLyQ
 )RQGR'HUHFKRV6RFLDOHVGHO$UWLVWD  1RREWHQHUFRPSURESRUFRPSUDVHIHFWXDGDV
   1RUHWHQHURQRSHUFLELUWULEXWRVHVWDEOHFLGRV
   'HFODUDU FLIUDV R GDWRV IDOVRV \R REWHQHU
5HVROXFLyQTXHDSUXHEDHO$SOD]D
 3HQVLRQHV/H\  1RREWHQHUFRPSURESRUORVVHUYLFLRVREWHQLGRV
 6XMQRFXPSOHFRQGHSyVLWR'/
LQGHELGDPHQWH1RWDVGH&UpGLWR1HJRFLDEOHV PLHQWR\R)UDFFLRQDPLHQWR1GH
  ,QFOX\HSDUWLGDVDUDQFHODULDVGHFHUYH]DV\FLJDUULOORV    5HWHQRSHUFHSQRSDJDGDVHQSOD]RVHVWDE
  6RORSDUDSDJGHSHUtRGRVDQWRLJXDOHVDMXQLR  3URYSHUPLWHWUDVOVLQGHSyVLWR'/
   1RSDJDUHQODVIRUPDV\FRQGLFLRQHVHVWDEOHF ([SHGLHQWHGH&REUDQ]D&RDFWLYDGH
  6RORSDUDVHUFRQVLJQDGRVFRPR&yGGH7ULE$VRFLDGRSDUD  6XMSHUPLWHWUDVOVLQGHSyVLWR'/
HOSDJRGHPXOWDV  7LWFWDRWRUJDGLIHUGHVWLQRDPRQWRV'/ FXDQGRVHKXELHUDH[LPLGRGHSUHVHQWDUOD'-
VHUHOFDVR 

$ 6HFFLyQ
7ULEXWDULD

También podría gustarte