Está en la página 1de 654

6LVWHPDV HOpWULFRV  

&KLFRWHV H FRQHFWRUHV  

7 &RP FDELQH [ 7,(5  >+&&=&(&:  @


7 &RP FDELQH [ 7,(5  >+&&=&(&:  @
7 &RP FDELQH [ 7,(5  >+&&=&(&:  @
7 &RP FDELQH [ 7,(5  >+&&=&(&:  @

$ 
 >@  
&RQWH~GR

6LVWHPDV HOpWULFRV  

&KLFRWHV H FRQHFWRUHV  

'$'26 )81&,21$,6

&KLFRWHV GH ¿R
ËQGLFH GR HVTXHPD HOpWULFR  7UDQVPLVVmR 636)36 [ FRP FDELQH                             
)ROKD GH GLDJUDPD HOpWULFR  6+  Ë1',&(  127$6 /(*(1'$ '2 ',$*5$0$                
)ROKD GH GLDJUDPD HOpWULFR  6+  ',675,%8,d­2 '( (1(5*,$  )86Ë9(,6 0$;,          
)ROKD GH GLDJUDPD HOpWULFR  6+  ',675,%8,d­2 '( (1(5*,$  )86Ë9(,6               
)ROKD GH GLDJUDPD HOpWULFR  6+  )86Ë9(,6                                          
)ROKD GH GLDJUDPD HOpWULFR  6+  )86Ë9(,6                                          
)ROKD GH GLDJUDPD HOpWULFR  6+  )86Ë9(,6                                          
)ROKD GH GLDJUDPD HOpWULFR  6+  )86Ë9(,6                                          
)ROKD GH GLDJUDPD HOpWULFR  6+  )86Ë9(,6                                          
)ROKD GH GLDJUDPD HOpWULFR  6+  3$57,'$ ( &$5*$ &20 2 ,62/$'25                    
)ROKD GH GLDJUDPD HOpWULFR  6+  6(0 ,62/$'25                                         
)ROKD GH GLDJUDPD HOpWULFR  6+  (&8 '2 02725                                         
)ROKD GH GLDJUDPD HOpWULFR  6+  (&8 '2 02725                                        
)ROKD GH GLDJUDPD HOpWULFR  6+  &21752/( '( 327Ç1&,$                               
)ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2                      
)ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2                      
)ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2                      
)ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2  ('&                
)ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2                      
)ROKD GH GLDJUDPD HOpWULFR  6+  720$'$ '( 327Ç1&,$                                  
)ROKD GH GLDJUDPD HOpWULFR  6+  81,'$'( '( &21752/( $8;,/,$5                      
)ROKD GH GLDJUDPD HOpWULFR  6+  81,'$'( '( &21752/( $8;,/,$5                      
)ROKD GH GLDJUDPD HOpWULFR  6+  81,'$'( '( &21752/( '$ ',5(d­2                   
)ROKD GH GLDJUDPD HOpWULFR  6+  3$,1(/ '( ,167580(1726                             
)ROKD GH GLDJUDPD HOpWULFR  6+  3$,1(/ '( ,167580(1726                             
)ROKD GH GLDJUDPD HOpWULFR  6+  $32,2 '( %5$d2 7                                    
)ROKD GH GLDJUDPD HOpWULFR  6+  $32,2 '( %5$d2                                       
)ROKD GH GLDJUDPD HOpWULFR  6+  25,(17$d­2 $8720È7,&$                             
)ROKD GH GLDJUDPD HOpWULFR  6+  6,67(0$ '$ &$1                                       
)ROKD GH GLDJUDPD HOpWULFR  6+  &21752/( '( &/,0$ $8720È7,&2                     

$ 
 >@  
)ROKD GH GLDJUDPD HOpWULFR  6+  &21752/( '( &/,0$ 0$18$/                         
)ROKD GH GLDJUDPD HOpWULFR  6+  (63(/+26 $48(&,'26                                 
)ROKD GH GLDJUDPD HOpWULFR  6+  7(/$ $48(&,'$                                        
)ROKD GH GLDJUDPD HOpWULFR  6+  6248(7(6 '2 ,03/(0(172                            
)ROKD GH GLDJUDPD HOpWULFR  6+  81,'$'( '2 3,6&$3,6&$                              
)ROKD GH GLDJUDPD HOpWULFR  6+  /8=(6 '( 75$%$/+2*,526&Ï3,26                    
)ROKD GH GLDJUDPD HOpWULFR  6+  /$7(5$/ &2162/( ( /Æ03$'$6 '$ 3/$&$ '( /,&(1d$ 
)ROKD GH GLDJUDPD HOpWULFR  6+  -2<67,&.                                              
)ROKD GH GLDJUDPD HOpWULFR  6+  ,17(5583725 '$ 7'3 ( /Æ03$'$                      
)ROKD GH GLDJUDPD HOpWULFR  6+  )$5Ï,6/8=(6 '( 75$%$/+2 '2 &$3Ð                 
)ROKD GH GLDJUDPD HOpWULFR  6+  75$,/(5                                                
)ROKD GH GLDJUDPD HOpWULFR  6+  /8=(6 ,17(51$6                                       
)ROKD GH GLDJUDPD HOpWULFR  6+  /Æ03$'$6 75$6(,5$63$5$'$ /Æ03$'$6 '( 75$%$/+2
                                                                                         
)ROKD GH GLDJUDPD HOpWULFR  6+  5È',2                                                  
)ROKD GH GLDJUDPD HOpWULFR  6+  /$9$'25(6 /,03$'25(6                              
)ROKD GH GLDJUDPD HOpWULFR  6+  021,725 &2/25,'2                                    
)ROKD GH GLDJUDPD HOpWULFR  6+  )5(,26 '2 75$,/(5                                   
)ROKD GH GLDJUDPD HOpWULFR  6+  75$9$ '( (67$&,21$0(172 (/(75Ð1,&$             
)ROKD GH GLDJUDPD HOpWULFR  6+  3È &$55(*$'(,5$ ( 5(9(562                        
)ROKD GH GLDJUDPD HOpWULFR  6+  $/,0(17$d­2 '$ ,62%86                              
)ROKD GH GLDJUDPD HOpWULFR  6+  &$1 %86                                              
)ROKD GH GLDJUDPD HOpWULFR  6+  &$1 %86                                              
)ROKD GH GLDJUDPD HOpWULFR  6+  &$1 (+5                                              
)ROKD GH GLDJUDPD HOpWULFR  6+  &$1 (+5                                              
)ROKD GH GLDJUDPD HOpWULFR  6+  &$1 (+5                                              
)ROKD GH GLDJUDPD HOpWULFR  6+  ,62%86 &$1                                           
)ROKD GH GLDJUDPD HOpWULFR  6+  &21752/( '2 +9$&                                   
)ROKD GH GLDJUDPD HOpWULFR  6+  ,17(5583725 '( 6(/(d­2 '$ (+5                   
)ROKD GH GLDJUDPD HOpWULFR  6+  $/$9$1&$6 (+5                                       
&RQHFWRUHV GR ¿R
ËQGLFH GR HVTXHPD HOpWULFR  7UDQVPLVVmR 636)36 [ FRP FDELQH                           
'LDJUDPD GR FRPSRQHQWH                                                                
'LDJUDPD GR FRPSRQHQWH                                                                
'LDJUDPD GR FRPSRQHQWH                                                                
'LDJUDPD GR FRPSRQHQWH                                                                
'LDJUDPD GR FRPSRQHQWH                                                                
'LDJUDPD GR FRPSRQHQWH                                                                
'LDJUDPD GR FRPSRQHQWH                                                                
'LDJUDPD GR FRPSRQHQWH                                                                
'LDJUDPD GR FRPSRQHQWH                                                                
'LDJUDPD GR FRPSRQHQWH                                                                

$ 
 >@  
'LDJUDPD GR FRPSRQHQWH                                                                
'LDJUDPD GR FRPSRQHQWH                                                                
'LDJUDPD GR FRPSRQHQWH                                                                
'LDJUDPD GR FRPSRQHQWH                                                                
'LDJUDPD GR FRPSRQHQWH                                                                
'LDJUDPD GR FRPSRQHQWH                                                                
'LDJUDPD GR FRPSRQHQWH                                                                
'LDJUDPD GR FRPSRQHQWH                                                                
'LDJUDPD GR FRPSRQHQWH                                                                
'LDJUDPD GR FRPSRQHQWH                                                                
'LDJUDPD GR FRPSRQHQWH                                                                
'LDJUDPD GR FRPSRQHQWH                                                                
'LDJUDPD GR FRPSRQHQWH                                                                
'LDJUDPD GR FRPSRQHQWH                                                                
'LDJUDPD GR FRPSRQHQWH                                                                
'LDJUDPD GR FRPSRQHQWH                                                                
'LDJUDPD GR FRPSRQHQWH                                                                
'LDJUDPD GR FRPSRQHQWH                                                                
'LDJUDPD GR FRPSRQHQWH                                                                
'LDJUDPD GR FRPSRQHQWH                                                                
'LDJUDPD GR FRPSRQHQWH                                                                
'LDJUDPD GR FRPSRQHQWH                                                                
'LDJUDPD GR FRPSRQHQWH                                                                
'LDJUDPD GR FRPSRQHQWH                                                                
'LDJUDPD GR FRPSRQHQWH                                                                
'LDJUDPD GR FRPSRQHQWH                                                                
'LDJUDPD GR FRPSRQHQWH                                                                
'LDJUDPD GR FRPSRQHQWH                                                                
'LDJUDPD GR FRPSRQHQWH                                                                
'LDJUDPD GR FRPSRQHQWH                                                                
'LDJUDPD GR FRPSRQHQWH                                                                
'LDJUDPD GR FRPSRQHQWH                                                                
'LDJUDPD GR FRPSRQHQWH                                                                
'LDJUDPD GR FRPSRQHQWH                                                                
'LDJUDPD GR FRPSRQHQWH                                                                
'LDJUDPD GR FRPSRQHQWH                                                                
'LDJUDPD GR FRPSRQHQWH                                                                
'LDJUDPD GR FRPSRQHQWH                                                                
'LDJUDPD GR FRPSRQHQWH                                                                
'LDJUDPD GR FRPSRQHQWH                                                                
'LDJUDPD GR FRPSRQHQWH                                                                
'LDJUDPD GR FRPSRQHQWH                                                                
'LDJUDPD GR FRPSRQHQWH                                                                

$ 
 >@  
'LDJUDPD GR FRPSRQHQWH                                                                
'LDJUDPD GR FRPSRQHQWH                                                                
'LDJUDPD GR FRPSRQHQWH                                                                
'LDJUDPD GR FRPSRQHQWH                                                                
'LDJUDPD GR FRPSRQHQWH                                                                
'LDJUDPD GR FRPSRQHQWH                                                                
'LDJUDPD GR FRPSRQHQWH                                                                
'LDJUDPD GR FRPSRQHQWH                                                                
'LDJUDPD GR FRPSRQHQWH                                                                
'LDJUDPD GR FRPSRQHQWH                                                                
'LDJUDPD GR FRPSRQHQWH                                                                
'LDJUDPD GR FRPSRQHQWH                                                                
'LDJUDPD GR FRPSRQHQWH                                                                
'LDJUDPD GR FRPSRQHQWH                                                                
'LDJUDPD GR FRPSRQHQWH                                                                
'LDJUDPD GR FRPSRQHQWH                                                                
'LDJUDPD GR FRPSRQHQWH                                                                
'LDJUDPD GR FRPSRQHQWH                                                                
'LDJUDPD GR FRPSRQHQWH                                                                
'LDJUDPD GR FRPSRQHQWH                                                                
'LDJUDPD GR FRPSRQHQWH                                                                

6(59,d2

&DL[D GH UHOrV H IXVtYHLV


)XVtYHLV H UHOpV                                                                           

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

&KLFRWHV GH ¿R  ËQGLFH GR HVTXHPD HOpWULFR  7UDQVPLVVmR 636)36


[ FRP FDELQH
127$ 7UDWRUHV HTXLSDGRV FRP WUDQVPLVV}HV 6HPL3RZHUVKLIW

‡ &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  ',675,%8,d­2 '( (1(5*,$  )86Ë9(,6 0$;, 
 
‡ &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  ',675,%8,d­2 '( (1(5*,$  )86Ë9(,6   
‡ &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )86Ë9(,6   
‡ &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )86Ë9(,6   
‡ &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )86Ë9(,6   
‡ &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )86Ë9(,6   
‡ &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )86Ë9(,6   
‡ &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  3$57,'$ ( &$5*$ &20 2 ,62/$'25  
‡ &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  6(0 ,62/$'25  
‡ &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  (&8 '2 02725  
‡ &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  (&8 '2 02725  
‡ &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/( '( 327Ç1&,$  
‡ &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2  
‡ &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2  
‡ &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2  
‡ &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2  ('&  
‡ &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2  
‡ &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  720$'$ '( 327Ç1&,$  
‡ &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  81,'$'( '( &21752/( $8;,/,$5  
‡ &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  81,'$'( '( &21752/( $8;,/,$5  
‡ &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  81,'$'( '( &21752/( '$ ',5(d­2  
‡ &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  3$,1(/ '( ,167580(1726  
‡ &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  3$,1(/ '( ,167580(1726  
‡ &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  $32,2 '( %5$d2 7  
‡ &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  $32,2 '( %5$d2  
‡ &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  25,(17$d­2 $8720È7,&$ 
‡ &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  6,67(0$ '$ &$1  
‡ &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/( '( &/,0$ $8720È7,&2  
‡ &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/( '( &/,0$ 0$18$/  
‡ &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  (63(/+26 $48(&,'26  
‡ &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  7(/$ $48(&,'$  
‡ &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  6248(7(6 '2 ,03/(0(172  
‡ &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  81,'$'( '2 3,6&$3,6&$  
‡ &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  /8=(6 '( 75$%$/+2*,526&Ï3,26  
‡ &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  /$7(5$/ &2162/( ( /Æ03$'$6 '$ 3/$&$ '(
/,&(1d$  
‡ &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  -2<67,&.  
‡ &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  ,17(5583725 '$ 7'3 ( /Æ03$'$  
‡ &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )$5Ï,6/8=(6 '( 75$%$/+2 '2 &$3Ð  

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

‡ &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  75$,/(5  


‡ &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  /8=(6 ,17(51$6  
‡ &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  /Æ03$'$6 75$6(,5$63$5$'$ /Æ03$'$6 '(
75$%$/+2  
‡ &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  5È',2  
‡ &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  /$9$'25(6 /,03$'25(6  
‡ &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  021,725 &2/25,'2  
‡ &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )5(,26 '2 75$,/(5  
‡ &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  75$9$ '( (67$&,21$0(172 (/(75Ð1,&$  
‡ &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  3È &$55(*$'(,5$ ( 5(9(562  
‡ &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  $/,0(17$d­2 '$ ,62%86  
‡ &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &$1 %86  
‡ &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &$1 %86   
‡ &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &$1 (+5  
‡ &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &$1 (+5  
‡ &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &$1 (+5  
‡ &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  ,62%86 &$1  
‡ &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/( '2 +9$&  
‡ &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  ,17(5583725 '( 6(/(d­2 '$ (+5  
‡ &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  $/$9$1&$6 (+5  
‡ &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  Ë1',&(  127$6 /(*(1'$ '2 ',$*5$0$  

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

&KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  Ë1',&( 


127$6 /(*(1'$ '2 ',$*5$0$
7LSR &RPSRQHQWH &RQHFWRUDUWLFXODomR 'HVFULomR

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

3DVVDJHP GR ¿R
&RPSRQHQWH &RQHFWRUDUWLFXODomR 'HVFULomR

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

     

' '

$78$'25(6 /(*(1'$'(',$*5$0$'(&,5&8,72
&25'26),26

$%5(9,$d­2 '(6&5,d­2
1Ò0(52'2&,5&8,72
3$66$*(0'2),2
/Ë48,'2 %. 35(72

0­2 3e 7(03(5$785$ )/878$d­2'(1Ë9(/


6+1111 %5 $=8/
),2:6:&
%/ 0$5520

35(),;2'2&+,&27( &25'2),2 *1 9(5'(

1Ò0(52'2&,5&8,72 7$0$1+2'2),2 PPð


*< &,1=$
$/$9$1&$ 35(6685(

/% $=8/&/$52

/* 9(5'(&/$52

63;;;
,1',&$$-81d­2'2&,5&8,72 25 /$5$1-$
6Ë0%2/26'2',$*5$0$
3. 526$

& 5' 5('


&
71 7$1
3 1 3 1 $ 0
% ,1',&$$&21(;­2'2&,5&8,72
 $
97 9,2/(7$

',2'2 )86Ë9(/ /Æ03$'$ 02725


:+ %5$1&2

,1',&$$3$66$*(0'2&,5&8,72 <( $0$5(/2


1(1+80$&21(;­2

,1 287 3 1

%2%,1$3:0 5(6,6725 7(55$

'(),1,d­2'235(),;2'2&+,&27(

),2675$1d$'26 3527(725('5(12 &Ï',*2 '(6&5,d­2

75 75$160,66­2

% %
&% &$%,1(35,1&,3$/
3:5 *1'

(1 02725'29(Ë&8/2
6,* *1'
287
$* 25,(17$d­2$8720È7,&$

9È/98/$62/(12,'( ,17(5583725 327(1&,Ð0(752 %6 $/,0(17$d­2'$%$7(5,$'$&$%,1(

+$ $'$37$'25'(3(5,*2

% &$%2'$%$7(5,$

,6 ,62%86

+5 &21752/('2+9$&

5( $/$50('(0$5&+$¬5e

)( 3$5$/$0$

&5 /,*$d­2'2683(55('8725

36 6248(7('((1(5*,$

$ $

     

6+7B 

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

&KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  ',675,%8,d­2 3DVVDJHP GR ¿R


'( (1(5*,$  )86Ë9(,6 0$;,  &RPSRQHQWH &RQHFWRUDUWLFXODomR 'HVFULomR
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )86Ë9(,6  
7LSR &RPSRQHQWH &RQHFWRUDUWLFXODomR 'HVFULomR :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )86Ë9(,6  
)RQWH GH * %DWHULD :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )86Ë9(,6  
WHQVmR
7HUUD *1' :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  ',675,%8,d­2 '( (1(5*,$ 
5HOp . 'HVOLJDPHQWR GR PRWRU )86Ë9(,6  
&RQHFWRU ; ; ,17(5583725 '$ /8= '( 3$5$'$ (648(5'$ :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  $/,0(17$d­2 '$ ,62%86 
&RQHFWRU ; ; &21(&725 9(50(/+2 :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  6248(7(6 '2 ,03/(0(172 
&RQHFWRU ; ; &21(&725 $=8/ :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  $/,0(17$d­2 '$ ,62%86 
&RQHFWRU ; ; &21(&725 35(72 :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  ',675,%8,d­2 '( (1(5*,$ 
&RQHFWRU ;$ ;$ )86Ë9(,6  
&RQHFWRU ; ; 7(55$ :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  6248(7(6 '2 ,03/(0(172 
&RQHFWRU ; ; 5 H 5 :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  (&8 '2 02725 
&RQHFWRU ; ; $/,0(17$d­2 '$ &$,;$ '( )86Ë9(,6 :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )86Ë9(,6  
&RQHFWRU ; ; 0Ï'8/2 0$;,)86( :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  $/,0(17$d­2 '$ ,62%86 
&RQHFWRU ; ; 0,1,)86Ë9(/ ) $ ) :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  3$57,'$ ( &$5*$ &20 2 ,62/$'25
&RQHFWRU ; ; 326,7,92 '$ %$7(5,$ $ 
&RQHFWRU ; ; 326,7,92 '$ %$7(5,$ % :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )86Ë9(,6  
&RQHFWRU ; ; 0(0Ï5,$  :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )86Ë9(,6  
&RQHFWRU ; ; )86Ë9(/  3 :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  3$57,'$ ( &$5*$ &20 2 ,62/$'25
&RQHFWRU ; ; )86Ë9(/  3 
&RQHFWRU ; ; )86Ë9(/  3 :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  6(0 ,62/$'25 
&RQHFWRU ; ; )86Ë9(/ '$ (&8 '2 ,03/(0(172 :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )86Ë9(,6  
&RQHFWRU ; ; )86Ë9(/ '( $/,0(17$d­2 '2 ,03/(0(172 :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  ',675,%8,d­2 '( (1(5*,$ 
&RQHFWRU ; ; 326,7,92 '$ %$7(5,$ )86Ë9(,6  
&RQHFWRU ; ; )86Ë9(/  3 :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )86Ë9(,6  
&RQHFWRU ; ; %$7(5,$ 9( :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )86Ë9(,6  
&RQHFWRU ; ; %$7(5,$ 0 9( :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  ',675,%8,d­2 '( (1(5*,$ 
&RQHFWRU ; ;
)86Ë9(,6  
&RQHFWRU ; ;
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  $/,0(17$d­2 '$ ,62%86 
&RQHFWRU ; ;
&RQHFWRU ; ; 326,7,92 '$ %$7(5,$ :%
&RQHFWRU ; ; :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )86Ë9(,6  
&RQHFWRU ; ; (/(75Ð1,&2 '$ &$%,1( :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )86Ë9(,6  

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

     
*
%DWHULD

6+% 
$0&%%5
;  $*&%%5 6+&
6+% 
'&%5' ; 
;

%6'%.
%5
' ; ;$ '

$6,6%5
; ; ;
 
326 1(*
%6%.   &%%.
;
;
  *1'
6+% )%7%.  6+$
*%75' &5&%%.
; ; ;
3) 
)XVtYHO 63
   
63 $7,6%5  $ $:,6%5 $=,6%5 6+%
6+' %6$$5' ; ;
3)
)XVtYHO 63 6+&
3)
   
&RQHFWRUGHPHJDIXVtYHLV $9,6%5  $ $;,6%5 $<,6%5
3)
;
)XVtYHO ; ; '%65' 6+'
     63
&%5'   %65'  $ $%6$5'    
;
; ; ; %6%5'  $ &%6&5'   &&%5' 6+%
;
; 3) ;
)XVtYHO
  &%%/ 6+%
   
$%65'  $ %6353 ; 
%6%/
& ; 3) ; ; &
)XVtYHO
    %5
= 63 %5  $ 6+%
%/2&2'()86Ë9(,60$;,
; 3) ;
)XVtYHO
0)
   
5HOpGDLJQLomR %5  $ %5 6+$
  ; ;
 $ 6+%
%65'  $ (&%%5
;
0)
/kPSDGDV
63
  $
 $
9&%%5 -&%%5 6+&
-$&%%5 6+&

.
'HVOLJDPHQWRGRPRWRU
$
%$  $
0) 
&%25 6+'
$
% 0RWRUGHSDUWLGD 63
$1&%%5 %
  $  
 $
% $)&%%5 $3&%%5
$ &%25 6+'
; ;
$%&%%5 6+$

$0&%%5 6+'

:&%%5 6+$

0)
6RTXHWHVGRWUDLOHU 63
  % <&%%5
 $ 3&%%5 6+%

%)&%%5 6+$

0)
/kPSDGDV 63
  & *&%%5
 $ %$&%%5 6+'

7&%%5 6+%

$ %&&%%5 6+& $
0)
(QHUJLDDX[LOLDU
63
  &
 $ )&%%5 $&&%%5 6+'
; $'&%%5 6+&

$-&%%5 6+$

     

6+7B 

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

&KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  ',675,%8,d­2 3DVVDJHP GR ¿R


'( (1(5*,$  )86Ë9(,6  &RPSRQHQWH &RQHFWRUDUWLFXODomR 'HVFULomR
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  /$9$'25(6 /,03$'25(6 
7LSR &RPSRQHQWH &RQHFWRUDUWLFXODomR 'HVFULomR :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/( '( &/,0$ $8720È7,&2
)XVtYHO ) /kPSDGD GH FRUWHVLD LQWHUQD 
)XVtYHO ) $FHQGHGRU GH FLJDUURV :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  6248(7(6 '2 ,03/(0(172 
)XVtYHO ) (PEUHDJHP GR DU FRQGLFLRQDGR :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  81,'$'( '2 3,6&$3,6&$ 
)XVtYHO ) 3ULVLRQHLURV GH DOLPHQWDomR :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )86Ë9(,6  
)XVtYHO ) 0RWRU GD YHQWRLQKD :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  ',675,%8,d­2 '( (1(5*,$ 
)XVtYHO ) 5iGLR .$ )86Ë9(,6 0$;,  
)XVtYHO ) ,QWHUUXSWRU SULQFLSDOGH SHULJR :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  81,'$'( '2 3,6&$3,6&$ 
)XVtYHO ) ,QWHUUXSWRU GR PRWRU GH SDUWLGD :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  6248(7(6 '2 ,03/(0(172 
)XVtYHO ) 3i FDUUHJDGHLUD GLDQWHLUD
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )86Ë9(,6  
)XVtYHO ) 6RTXHWH GH HQWUDGD WUDVHLUR
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  ',675,%8,d­2 '( (1(5*,$ 
)XVtYHO ) /LPSDGRU GR SDUDEULVD GLDQWHLUR
)86Ë9(,6 0$;,  
)XVtYHO ) ,QWHUUXSWRU GR OLPSDGRU
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  /$9$'25(6 /,03$'25(6 
)XVtYHO ) /X]HV GH SDUDGD
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  /8=(6 '( 75$%$/+2*,526&Ï3,26
)XVtYHO ) ,QWHUUXSWRU GH OX] LQGLFDGRUD
5HOp . 5HOp GD LJQLomR 
; ; 5 H 5 :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  ',675,%8,d­2 '( (1(5*,$ 
&RQHFWRU
&RQHFWRU ; ; )86Ë9(,6 0$;,  
0,1,)86Ë9(/ ) $ )
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/( '( 327Ç1&,$ 
&RQHFWRU ; ; ) 5 ( 5 ' 5 & 5 %  $ 5
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )86Ë9(,6  
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  /8=(6 ,17(51$6 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  6248(7(6 '2 ,03/(0(172 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  ',675,%8,d­2 '( (1(5*,$ 
)86Ë9(,6 0$;,  
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  /Æ03$'$6 75$6(,5$63$5$'$
/Æ03$'$6 '( 75$%$/+2 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )86Ë9(,6  
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  3È &$55(*$'(,5$ ( 5(9(562


$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

     

=
&DL[DGHIXVtYHLV
' )
'
/kPSDGDGHFRUWHVLDLQWHUQD 63
6+$ % $ 6+'
$&&%%5  $ &%97 &&%97
) $&%97 6+&
$FHQGHGRUGHFLJDUURV
$ 6+'
 $ &%97

)
(PEUHDJHPGRDUFRQGLFLRQDGR
$ 6+%
 $ &%*1

)
3ULVLRQHLURVGHDOLPHQWDomR
$ 6+%
 $ $&%97
)
0RWRUGDYHQWRLQKD
6+$ % $ 6+'
$'&%%5  $ &%*1
)
& 5iGLR.$ &
$ 6+'
 $ $&%97
)
,QWHUUXSWRUSULQFLSDOGHSHULJR
6+% % $ 6+%
-&%%5  $ %&%%5

)
,QWHUUXSWRUGRPRWRUGHSDUWLGD
$ 6+$
 $ $&%%5
)
3iFDUUHJDGHLUDGLDQWHLUD
% $ 6+%
$&%<(  $ $&%25
)
6RTXHWHGRLPSOHPHQWRWUDVHLUR
$ 6+$
 $ '&%<(

)
/LPSDGRUGRSDUDEULVDGLDQWHLUR
%  $
$
&%*1 6+'
%
)
,QWHUUXSWRUGROLPSDGRU
.  $
$
&%71 6+%
5HOpGDLJQLomR
)
$ /X]HVGHSDUDGD
6+& (&%%5 63
$ % $ 6+&
&%<( %&%<(  $ &%*1
6+' $ $ )
$*&%%. $&%*1 ;
,QWHUUXSWRUGDOX]LQGLFDGRUD
; ;
$ 6+'
 $ $&%*1
;

6+&

&&%<( 6+%

(&%<( 6+$

$ '&%<( 6+$ $

63 %&%*1 6+$

&%*1 6+$

&&%*1 6+%

     

6+7B 

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

&KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )86Ë9(,6  3DVVDJHP GR ¿R


7LSR &RPSRQHQWH &RQHFWRUDUWLFXODomR 'HVFULomR &RPSRQHQWH &RQHFWRUDUWLFXODomR 'HVFULomR
)XVtYHO ) /X]HV GH SDUDGD :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )5(,26 '2 75$,/(5 
)XVtYHO ) )UHLRV :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  /Æ03$'$6 75$6(,5$63$5$'$
)XVtYHO ) 6RTXHWH GH HQWUDGD GD LJQLomR /Æ03$'$6 '( 75$%$/+2 
)XVtYHO ) $MXVWH GR DTXHFHGRU GR DVVHQWR H GR DSRLR GH EUDoR :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  ,17(5583725 '( 6(/(d­2 '$
)XVtYHO ) (VSHOKR DTXHFLGR (+5 
)XVtYHO ) 6RTXHWH GR UDGDU :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  /Æ03$'$6 75$6(,5$63$5$'$
)XVtYHO ) 6HQVRU GH IUHLR GH iJXD QR FRPEXVWtYHO /Æ03$'$6 '( 75$%$/+2 
&RQHFWRU ; ; 02725  :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2
&RQHFWRU ; ; 0,1,)86Ë9(/ ) $ ) 
&RQHFWRU ; ; 0,1,)86Ë9(/ ) $ ) :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )5(,26 '2 75$,/(5 
&RQHFWRU ; ; 720$'$ '( $/,0(17$d­2 '(  $ :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  (&8 '2 02725 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  /Æ03$'$6 75$6(,5$63$5$'$
/Æ03$'$6 '( 75$%$/+2 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/( '( &/,0$ $8720È7,&2

:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )5(,26 '2 75$,/(5 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  75$9$ '( (67$&,21$0(172
(/(75Ð1,&$ 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  /Æ03$'$6 75$6(,5$63$5$'$
/Æ03$'$6 '( 75$%$/+2 

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

     

' '

=
&DL[DGHIXVtYHLV

)
/X]HVGHSDUDGD
63
$ 6+$
 $ &%*1 3&%*1
&%*1
&%*1
&%*1
&%*1
&%*1
6+'
6+&
6+&
6+&
& 6+' &
&%*1 6+&

)
)UHLRV
63
$ 6+%
 $ &%%/ $&%%/
&%%/
6+%

&%%/ 6+&

)
6RT,JQ,PS
63
$ 6+'
 $ &%<( $&%<(
;
%&%<(  
) ;

$MXVWHDTXHFLPHQWRGRDVVHQWRDSRLRGHEUDoR 63
6+$ % $ 6+'
&&%<(  $ $&%*1 -&%*1
% ; &%*1 6+&
%
)
(VSHOKRDTXHFLGR
$ 6+'
 $ &%5'

)
6RT5DGDU
$ 6+&
 $ &%*1
;

)
6HQVRUGH:,)GRIUHLR
6+$ % $ 6+&
'&%<(  $ -&%*1
; ;

$ $

     

6+7B 

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

&KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )86Ë9(,6  3DVVDJHP GR ¿R


7LSR &RPSRQHQWH &RQHFWRUDUWLFXODomR 'HVFULomR &RPSRQHQWH &RQHFWRUDUWLFXODomR 'HVFULomR
)XVtYHO ) /kPSDGDV GR ODGR GLUHLWR :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  3$,1(/ '( ,167580(1726 
)XVtYHO ) /kPSDGDV GR ODGR HVTXHUGR :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  /8=(6 '( 75$%$/+2*,526&Ï3,26
)XVtYHO ) &$1 0RQLWRU GH HQJUHQDJHQV '2* H GH LOXPLQDomR 
)XVtYHO ) /kPSDGDV GR IDURO EDL[R :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  (63(/+26 $48(&,'26 
)XVtYHO ) )DURO GLDQWHLUR SULQFLSDO :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  81,'$'( '2 3,6&$3,6&$ 
)XVtYHO ) )DUyLV LQVWDODGRV QR FHQWUR :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  /8=(6 '( 75$%$/+2*,526&Ï3,26
)XVtYHO ) /X] GH WUDEDOKR GD (&8 WUDVHLUD 
)XVtYHO ) /X] GH WUDEDOKR GD (&8 GLDQWHLUD :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  ,17(5583725 '$ 7'3 ( /Æ03$'$
)XVtYHO ) /X] GH WUDEDOKR WUDVHLUDLQIHULRU 
&RQHFWRU ; ; 0,1,)86Ë9(/ ) $ ) :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  ,17(5583725 '( 6(/(d­2 '$
&RQHFWRU ; ; ) 5 ( 5 ' 5 & 5 %  $ 5 (+5 
&RQHFWRU ; ; )$5Ï,6 $',&,21$,6 12 7(72 :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  021,725 &2/25,'2 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )$5Ï,6/8=(6 '( 75$%$/+2 '2
&$3Ð 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  81,'$'( '2 3,6&$3,6&$ 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  /Æ03$'$6 75$6(,5$63$5$'$
/Æ03$'$6 '( 75$%$/+2 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  ',675,%8,d­2 '( (1(5*,$ 
)86Ë9(,6 0$;,  
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  /Æ03$'$6 75$6(,5$63$5$'$
/Æ03$'$6 '( 75$%$/+2 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  /8=(6 '( 75$%$/+2*,526&Ï3,26

:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  75$,/(5 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  ,17(5583725 '( 6(/(d­2 '$
(+5 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2
 ('& 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  /$7(5$/ &2162/( ( /Æ03$'$6
'$ 3/$&$ '( /,&(1d$ 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  ',675,%8,d­2 '( (1(5*,$ 
)86Ë9(,6 0$;,  
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )$5Ï,6/8=(6 '( 75$%$/+2 '2
&$3Ð 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  6248(7(6 '2 ,03/(0(172 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  ',675,%8,d­2 '( (1(5*,$ 
)86Ë9(,6 0$;,  
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  75$,/(5 

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

     

= 63
&DL[DGHIXVtYHLV $(&%5'
)
' /kPSDGDVGRODGRGLUHLWR
63
&%5' 6+& '
$ 6+%
 $ &%5' %&%5'
&&%5' 6+$

'&%5' 6+%
;
$.&%5'  
;

(&%5' 6+$

'&%5' 6+&
) 63
$ 6+%
/kPSDGDVGRODGRHVTXHUGR &%5' &&%5'
6+& % 6+$
$&%%5  $ 3&%5'
5&%5' 6+%

7&%5' 6+%
)
,OXPLQDomRGR&$1'2* 9&%5' 6+%
& 63 &
$ 6+'
 $ &%5' (&%5'
*&%5' 6+'

-&%5' 6+&

0&%5' 6+&

/&%5' 6+%

1&%5' 6+$

6&%5' 6+%
)
+OkPSDGDVGHIDUROEDL[R
6+% % $ 6+&
&%%5  $ '&%%/

)
+OkPSDGDVGRIDUROSULQFLSDO
6+$ % $ 6+%
7&%%5  $ &%%/

% )
%
)DUyLVLQVWDODGRVQRFHQWUR
6+$ % $ 6+'
3&%%5  $ &%97
)
(&8WUDVHLUDGDOkPSDGDGHWUDEDOKR
$ 6+&
 $ '&%*1
)
(&8IURQWDOGDOkPSDGDGHWUDEDOKR
63
$ 6+'
 $ &%97 $&%97

%&%97 6+&
)
/kPSDGDGHWUDEDOKRWUDVHLUDLQIHULRU
6+% % $ 6+&
$%&%%5  $ &&%*1

; ;

$ $

     

6+7B 

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

&KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )86Ë9(,6  3DVVDJHP GR ¿R


7LSR &RPSRQHQWH &RQHFWRUDUWLFXODomR 'HVFULomR &RPSRQHQWH &RQHFWRUDUWLFXODomR 'HVFULomR
)XVtYHO ) (&8 GD OX] GH WUDEDOKR :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  3$,1(/ '( ,167580(1726 
)XVtYHO ) 8QLGDGH GR SLVFDSLVFD :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  ',675,%8,d­2 '( (1(5*,$ 
)XVtYHO ) 6RTXHWH GH GLDJQyVWLFR )86Ë9(,6 0$;,  
)XVtYHO ) 3DLQHO GH LQVWUXPHQWRV :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  81,'$'( '( &21752/( $8;,/,$5
)XVtYHO ) $OLPHQWDomR GD PHPyULD GR ('& 
)XVtYHO ) )DUyLV GR WHWR :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2
)XVtYHO ) )DUyLV GR WHWR 
)XVtYHO ) )DUyLV GR WHWR :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  ',675,%8,d­2 '( (1(5*,$ 
)XVtYHO ) 5iGLR )86Ë9(,6  
)XVtYHO ) ,QWHUUXSWRU GR PRWRU GH SDUWLGD :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2
)XVtYHO ) % GLDQWHLUR 
)XVtYHO ) ,JQLomR GLDQWHLUD YH :%
,QWHUUXSWRU 6 ,QWHUUXSWRU GR PRWRU GH SDUWLGD :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2
,QWHUUXSWRU 6: ,QWHUUXSWRU GR PRWRU GH SDUWLGD 
&RQHFWRU ; ; ,17(5583725 '2 02725 '( 3$57,'$ :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  81,'$'( '2 3,6&$3,6&$ 
&RQHFWRU ; ; 02725  :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  3$,1(/ '( ,167580(1726 
&RQHFWRU ; ; 0,1,)86Ë9(/ ) $ ) :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )86Ë9(,6  
&RQHFWRU ; ; 0,1,)86Ë9(/ ) $ ) :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  75$9$ '( (67$&,21$0(172
&RQHFWRU ; ; 0,1,)86Ë9(/ ) $ ) (/(75Ð1,&$ 
&RQHFWRU ; ; )$5Ï,6 $',&,21$,6 12 7(72 :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &$1 %86 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  /8=(6 '( 75$%$/+2*,526&Ï3,26

:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  5È',2 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )86Ë9(,6  
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  /8=(6 '( 75$%$/+2*,526&Ï3,26

:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )86Ë9(,6  
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  81,'$'( '( &21752/( '$
',5(d­2 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )86Ë9(,6  
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  (&8 '2 02725 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  ',675,%8,d­2 '( (1(5*,$ 
)86Ë9(,6  
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  ',675,%8,d­2 '( (1(5*,$ 
)86Ë9(,6 0$;,  
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  $/,0(17$d­2 '$ ,62%86 
:%
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  021,725 &2/25,'2 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  ',675,%8,d­2 '( (1(5*,$ 
)86Ë9(,6  
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  ',675,%8,d­2 '( (1(5*,$ 
)86Ë9(,6 0$;,  
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2

:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/( '( 327Ç1&,$ 

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

     

=
&DL[DGHIXVtYHLV
)
(&8GDOX]GHWUDEDOKR
% $ 6+&
6+$ %$&%%5  $ &%97

' ) '


8QLGDGHGRSLVFDSLVFD
$ 6+'
 $ &%*1
)
6RTXHWHGHGLDJQyVWLFR
$
 $ &%*1 6+&

)
3DLQHOGHLQVWUXPHQWRV
63
% $ 6+'
6+' $*&%%5  $ &%97 $&%97

%&%97 6+%

)
$OLPHQWDomRGDPHPyULDGR('& '&%97 6+&
63
&  $
$
&%97 $&%97 6+' &
&&%97 6+&

%&%97 6+'
(&%97 6+&

;
6+% 6(&%%.  

)
7HWR+OkPSDGDV 5&%<( 6+'
 $
$
6+& $&%97  

)
7HWR+OkPSDGDV 6+& %&%97

% %
% $ 6+'
6+$ %&%%/  $ &%%/  

)
7HWR+OkPSDGDV
% $
6+$ &&%%/  $ &%*1 6+%
 
;

$ &%%5 6+' 6+$


&%5'
6 )
,QWHUUXSWRUGRPRWRUGHSDUWLGD
% 5iGLR
&%:+ $
 $ &%5' 6+%
 ;
;
 $ )
&%:+
 6+$
6+% $&%%5 ,QWHUUXSWRUGRPRWRUGHSDUWLGD $&%:+

% 63
;  $ '&%:+ &&%:+ 6+'

%&%%/ 6+%
; 63
% 6+%
6+' &%:+ '&%%/ &&%%/

$&%%/ 6+%
$ ) $
6+$ &%*1 %GLDQWHLUR ;
% $
6+$ $-&%%5  $ '&%97  

) ;
$ &%%5 6+'
,JQLomRGLDQWHLUDYH
% $ 6+%
6+$ (&%<(  $ &&%<(
; ;

     

6+7B 

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

&KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )86Ë9(,6  3DVVDJHP GR ¿R


7LSR &RPSRQHQWH &RQHFWRUDUWLFXODomR 'HVFULomR &RPSRQHQWH &RQHFWRUDUWLFXODomR 'HVFULomR
)XVtYHO ) (&8 '2 02725 :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  75$9$ '( (67$&,21$0(172
)XVtYHO ) (&8 '2 02725 (/(75Ð1,&$ 
)XVtYHO ) (&8 '2 02725 :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  ,17(5583725 '( 6(/(d­2 '$
)XVtYHO ) 9HQWLODGRU UHYHUVtYHO (+5 
)XVtYHO ) (3/ :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  720$'$ '( 327Ç1&,$ 
)XVtYHO ) 3DLQHO GH LQVWUXPHQWRV :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  720$'$ '( 327Ç1&,$ 
)XVtYHO ) &RQWUROH GD WUDQVPLVVmR :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/( '( 327Ç1&,$ 
)XVtYHO ) 7'3 WUDVHLUD
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  (&8 '2 02725 
5HOp . 6RTXHWH GH HQWUDGD GD LJQLomR
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  3$,1(/ '( ,167580(1726 
&RQHFWRU ; ; 02725 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  ',675,%8,d­2 '( (1(5*,$ 
&RQHFWRU ; ; 5 H 5
&RQHFWRU ; ; )86Ë9(,6  
0,1,)86Ë9(/ ) $ )
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )86Ë9(,6  
&RQHFWRU ; ; ) 5 ( 5 ' 5 & 5 %  $ 5
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  ',675,%8,d­2 '( (1(5*,$ 
)86Ë9(,6 0$;,  
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  (&8 '2 02725 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  720$'$ '( 327Ç1&,$ 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  3$,1(/ '( ,167580(1726 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  ,17(5583725 '( 6(/(d­2 '$
(+5 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )86Ë9(,6  
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  ',675,%8,d­2 '( (1(5*,$ 
)86Ë9(,6 0$;,  
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  ,17(5583725 '( 6(/(d­2 '$
(+5 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  (&8 '2 02725 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )86Ë9(,6  
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  ',675,%8,d­2 '( (1(5*,$ 
)86Ë9(,6 0$;,  
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )86Ë9(,6  
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  ,17(5583725 '$ 7'3 ( /Æ03$'$

:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  /8=(6 '( 75$%$/+2*,526&Ï3,26

:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  720$'$ '( 327Ç1&,$ 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2


$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

     

=
&DL[DGHIXVtYHLV
)
(&8'202725
% $
6+& .&%*1  $ $&%25

)
' (&8'202725 '
63
% $ 6+%
6+' $&%*1  $ %&%25 &%25

)
(&8'202725
% $
6+$ '&%25  $ &&%25

)
9HQWLODGRUUHYHUVtYHO
 $

)
(3/
% $
6+$ %&&%%5  $ &%%5 6+&

)
3DLQHOGHLQVWUXPHQWRV
% $ $&%97
6+% -$&%%5  $ 6+%
& &

)
&RQWUROHGDWUDQVPLVVmR
$
 $ %&%97 6+%

%&%*1 6+%

&&%*1 6+&

% 6+$ $&%%/
(&%*1 6+& %
$&%*1 6+'
.
6RT,JQ,PS /&%*1 6+%
)
7'3WUDVHLUD -&%*1 6+&
' '
6+& &%%/
% $ 6+'
 $ 63 .&%*1
' '
6+& $)&%%. ; ; &%*1 6+%
; ; '&%*1 6+&
6+$ %&%*1
*&%*1 6+$

6+% &%5' +&%*1 6+$

1&%*1 6+$

;
$)&%*1  

$ 6+' %&%*1   $
6+' &%<(  

6+$ &%*1  

6+' &%%5  
;

     

6+7B 

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

&KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )86Ë9(,6  3DVVDJHP GR ¿R


7LSR &RPSRQHQWH &RQHFWRUDUWLFXODomR 'HVFULomR &RPSRQHQWH &RQHFWRUDUWLFXODomR 'HVFULomR
)XVtYHO ) ,62/$'25 '$ %$7(5,$ :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2
)XVtYHO ) ,JQLomR GH  9 GR HQJDWH GLDQWHLUR  ('& 
)XVtYHO ) ,17(5583725(6 +3/(+5 :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  -2<67,&. 
)XVtYHO ) 7'3 GLDQWHLUD :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  ',675,%8,d­2 '( (1(5*,$ 
&RQHFWRU ; ; 0,1,)86Ë9(/ ) $ ) )86Ë9(,6 0$;,  
&RQHFWRU ; ; 8QLGDGH GH FRQWUROH DX[LOLDU $&8 &1% :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2
&RQHFWRU ; ; 3$5$/$0$   ('& 
&RQHFWRU ; ; :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  ,17(5583725 '$ 7'3 ( /Æ03$'$
&RQHFWRU ; ; /,%(5$d­2 ',$17(,5$ 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  ,17(5583725 '( 6(/(d­2 '$
(+5 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  ',675,%8,d­2 '( (1(5*,$ 
)86Ë9(,6 0$;,  
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  6,67(0$ '$ &$1 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2
 ('& 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  81,'$'( '( &21752/( $8;,/,$5

:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &$1 (+5 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/( '( &/,0$ $8720È7,&2

:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  81,'$'( '( &21752/( '$
',5(d­2 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2
 ('& 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  81,'$'( '( &21752/( $8;,/,$5

:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  81,'$'( '( &21752/( $8;,/,$5

:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  81,'$'( '( &21752/( $8;,/,$5

:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  81,'$'( '( &21752/( $8;,/,$5

:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  ,17(5583725 '( 6(/(d­2 '$
(+5 

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

     

$%&%%5 6+&

/&%%5 6+%
0&%%5 6+'

' = $$&%%5 6+$ '


&DL[DGHIXVtYHLV
&%%5 6+%
+&%%5 6+$
)
,17(5583725(6+3/(+5 1&%%5 6+%
 $ .&%%5 6+&
3&%%5 6+$
)&%%5 6+$

63 $&%%5 6+'


(&%%5 6+&
-&%%5 6+$
;
%&%%5   $3)(5% 6+%
;
%5
;
&&%%5   15% %5 6+&
; 63

& &

)
7'3GLDQWHLUD '&%3. 6+$
 $ (&%3. 6+$

&&%3. 6+%
63
$ 6+%
&%3. %&%3.
/&%3. 6+&

.&%3. 6+%

)&%3. 6+%

1&%3. 6+$

) ;
,JQLomRGH9GRHQJDWHGLDQWHLUR 3&%3.  
;

%  $
%

)
6+' '&%5' %$7,62/$'25'$%$7(5,$
% $
6+& &&%5' (&%5'  $ +&%5' 6+$
63
; ;

$ $

     

6+7B 

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

&KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  3$57,'$ ( 3DVVDJHP GR ¿R


&$5*$ &20 2 ,62/$'25 &RPSRQHQWH &RQHFWRUDUWLFXODomR 'HVFULomR
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  81,'$'( '( &21752/( $8;,/,$5
7LSR &RPSRQHQWH &RQHFWRUDUWLFXODomR 'HVFULomR 
)RQWH GH * $OWHUQDGRU :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2
WHQVmR 
5HOp . 0RWRU GH SDUWLGD :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/( '( 327Ç1&,$ 
5HOp . ,QWHUWUDYDPHQWR GR LVRODGRU GD EDWHULD :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  3$,1(/ '( ,167580(1726 
0RWRU 0 0RWRU GH SDUWLGD
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  (&8 '2 02725 
,QWHUUXSWRU 6: ,QWHUUXSWRU
:%
&RQHFWRU ; ; 02725  :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  ',675,%8,d­2 '( (1(5*,$ 
&RQHFWRU ; ; 02725 
)86Ë9(,6 0$;,  
&RQHFWRU ; ; 5 H 5
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )$5Ï,6/8=(6 '( 75$%$/+2 '2
&RQHFWRU ; ; ) 5 ( 5 ' 5 & 5 %  $ 5
&RQHFWRU ; ; &$3Ð 
&RQHFWRU ; ; 8QLGDGH GH FRQWUROH DX[LOLDU $&8 &1% :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  3$,1(/ '( ,167580(1726 
&RQHFWRU ; ; 62/(12,'( '2 02725 '( 3$57,'$  :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  ',675,%8,d­2 '( (1(5*,$ 
&RQHFWRU ; ; )86Ë9(,6 0$;,  
&RQHFWRU ; ; $/7(51$'25  :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  ,17(5583725 '( 6(/(d­2 '$
&RQHFWRU ; ; $/7(51$'25  (+5 
&RQHFWRU ; ; &21752/( '2 ,62/$'25 :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  ,17(5583725 '( 6(/(d­2 '$
&RQHFWRU ;$ ;$ (+5 
&RQHFWRU ;$ ;$ 5(/e '( $/,0(17$d­2 :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  3$,1(/ '( ,167580(1726 
&RQHFWRU ; ; :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  3$,1(/ '( ,167580(1726 
&RQHFWRU ; ; ,62/$'25 .$0 :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  81,'$'( '2 3,6&$3,6&$ 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/( '( 327Ç1&,$ 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  ,17(5583725 '( 6(/(d­2 '$
(+5 

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

     

4
' 6ROHQRLGHGRLQWHUUXSWRUGRLVRODGRUGHEDWHULDGRUHOpGHDOLPHQWDomR7\FR '

  6+&
$$%6$$5'
;$


63
 6+&
&%65' '%65'
;
6+$ &%:+

6+$ $'&%:+

;



=
(OLVRODGRUGHEDWHULD %6$:+
%6:+

%6%.
%6%.
6+& '&%%/ 

$&%:+
6+% &&%%/ ; ;
6+' &%%/ 63
& 63
&
;$
%&%:+ 14%6$%.   +$(1%. 6+$
;$
. ;$
63
;
,QWHUWUDYDPHQWRGRLVRODGRUGDEDWHULD   %(1:+  
$
 $&%:+   $(1:+  
6+$ & &
&%:+  ; ;$
3)
&   &
6+% &&&%%. * 0HJDIXVtYHO
$OWHUQDGRU    
; ; 5'  $ 5' 6+$

; ;
;
6+$ :&%*1
6+% (1%5
 0
; 0RWRUGHSDUWLGD

 3:5
(1%5 *1'
1 ; 0

% 63
6&%:+
;
  6(1:+
63
(1:+
 $ %
;
7&%:+   7(1:+

6+' &%:+  
;

;&%:+ 6+&
.
0RWRUGHSDUWLGD =&%:+ 6+%
$
 $&&%:+ 6+&
6+% $
:&%%5  $ 6+&
<&%:+ $*&%:+
 
63
6+& $ $ 6+&
$&&%%. /&%:+ &%:+
; ; /&%:+ 6+$

$'&%:+ 6+&

$ 3&%:+ 6+& $

     

6+7B 

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

&KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  6(0 ,62/$'25 3DVVDJHP GR ¿R


7LSR &RPSRQHQWH &RQHFWRUDUWLFXODomR 'HVFULomR &RPSRQHQWH &RQHFWRUDUWLFXODomR 'HVFULomR
)RQWH GH * $OWHUQDGRU :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  ',675,%8,d­2 '( (1(5*,$ 
WHQVmR )86Ë9(,6 0$;,  
0RWRU 0 0RWRU GH SDUWLGD
&RQHFWRU ; ; 02725 
&RQHFWRU ; ;
&RQHFWRU ; ; $/7(51$'25 
&RQHFWRU ; ; $/7(51$'25 
&RQHFWRU ; ;
&RQHFWRU ; ; 326,7,92 '$ %$7(5,$
&RQHFWRU ; ; 62/(12,'( '2 02725 '( 3$57,'$

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

     

' '

& &

6+' *%75'
* 3)
$OWHUQDGRU 0HJDIXVtYHO
    3/$1,/+$
5'  $ 5'
; ;
3/$1,/+$  
(1%5
;
; 0
0RWRUGHSDUWLGD
$

% ;
3:5 %
1  0
*1'

63 ; 63


3/$1,/+$  $
:+   :+ :+
;
:+   :+
;

$ $

     

6+7B 

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

&KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  (&8 '2 02725 3DVVDJHP GR ¿R


7LSR &RPSRQHQWH &RQHFWRUDUWLFXODomR 'HVFULomR &RPSRQHQWH &RQHFWRUDUWLFXODomR 'HVFULomR
(&8 $ (&8 '2 02725  ('&  :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  3$57,'$ ( &$5*$ &20 2 ,62/$'25
6HQVRU % 3UHVVmR GR WXUER 
6HQVRU % 3UHVVmR GR yOHR :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )86Ë9(,6  
6HQVRU % 3UHVVmR GR WULOKR :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  ',675,%8,d­2 '( (1(5*,$ 
6HQVRU % 7HPSHUDWXUD GR OtTXLGR GH DUUHIHFLPHQWR )86Ë9(,6 0$;,  
5HOp . *UHOKD DTXHFHGRUD :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )86Ë9(,6  
5HOp . $TXHFHGRU GH FRPEXVWtYHO :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )86Ë9(,6  
5HVLVWRU 5 $TXHFHGRU GH FRPEXVWtYHO
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )86Ë9(,6  
5HVLVWRU 5 *UHOKD DTXHFHGRUD
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  3$,1(/ '( ,167580(1726 
5HVLVWRU 5(6 5HVLVWRU
&RQHFWRU ; ; 02725 
&RQHFWRU ; ; 0,1,)86Ë9(/ ) $ )
&RQHFWRU ; ;
&RQHFWRU ; ; 5(/e '$ *5(/+$ $48(&('25$
&RQHFWRU ; ;
&RQHFWRU ; ; 0Ï'8/2 '2 02725 %26&+ ('& 
&RQHFWRU ; ;
&RQHFWRU ; ;
&RQHFWRU ; ;
&RQHFWRU ; ;
&RQHFWRU ; ;
&RQHFWRU ; ;

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

     

$
(&8'202725('&
;

6+% &%25   (125


6+$ &&%:+   &(1:+

=
' 9HQWLODGRU9LVWURQLF '
6+% &%3.  
;
 
(1%5   %5
6+' $&%*1   0(1*1
 
(1%5   %5

 
  1(1*1 3(1*1 (125   25

63

 
(1%5   %5

63
 
%&%*1   %(1*1 )(1*1 *(1*1   *1
; ; ;

& &
.
$TXHFHGRUGHFRPEXVWtYHO 5
$ $TXHFHGRUGHFRPEXVWtYHO
6+' .&%*1 &&%*1   &(1*1
 
63 ;   3 1
5' %.
    
(1*1 -(1*1

;
;

1%
%
3UHVVmRGRWXUER
 3:5 *1'  
<%
;
6$Ë'$  
.%

6$Ë'$  
<5
63
&$1%86
5'

% ;
1%
 %
%
3UHVVmRGRyOHR
 3:5 *1'  
<*
(1*1

;
6$Ë'$  
61

6$Ë'$  
*5
; ;

6%   '&%25 6+'
%
;
3UHVVmRGRWULOKR

 3:5 *1'  
:% .
*UHOKDDTXHFHGRUD 5
;
287    $ *UHOKDDTXHFHGRUD
5* 
6+% 5'   3 1
;

5' %.
2*
$ % 
(13.
   
+(1*1 $
7HPSHUDWXUDGROtTXLGRGHDUUHIHFLPHQWR (
; ;
;
 6,* *1'  
:<
; ; ;

     

6+7B 

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

&KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  (&8 '2 02725 3DVVDJHP GR ¿R


7LSR &RPSRQHQWH &RQHFWRUDUWLFXODomR 'HVFULomR &RPSRQHQWH &RQHFWRUDUWLFXODomR 'HVFULomR
(&8 $ (&8 '2 02725  ('&  :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &$1 %86 
(&8 $ &LOLQGURV  H  :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/( '( 327Ç1&,$ 
(&8 $ &LOLQGURV  H  :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )86Ë9(,6  
(&8 $ &LOLQGURV  H  :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  3$,1(/ '( ,167580(1726 
6HQVRU % 6HQVRU GH iJXD QR FRPEXVWtYHO
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/( '( 327Ç1&,$ 
6HQVRU % 7HPSHUDWXUD GR FRPEXVWtYHO
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/( '( 327Ç1&,$ 
6HQVRU % 9HORFLGDGH GR HL[R GH FRPDQGR
6HQVRU % 9HORFLGDGH GR YLUDEUHTXLP
&RQHFWRU ; ; 02725 
&RQHFWRU ; ;
&RQHFWRU ; ; 0Ï'8/2 '2 02725 %26&+ ('& 
&RQHFWRU ; ;
&RQHFWRU ; ;
&RQHFWRU ; ;
&RQHFWRU ; ;
&RQHFWRU ; ;
&RQHFWRU ; ;
&RQHFWRU ; ;
&RQHFWRU ;% ;%
&RQHFWRU ; ;
&RQHFWRU ; ;
6ROHQRLGH < %RPED GH DOWD SUHVVmR

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

     

$
(&8'202725('&


:8
% <
7HPSHUDWXUDGRFRPEXVWtYHO %RPEDGHDOWDSUHVVmR
 6,* *1'  
2% 1
' 
*1
 3 
'
; ;
 ; ;%
*1
% 
25
9HORFLGDGHGRHL[RGHFRPDQGR
;

 3:5 *1'  
%.
;
287  
5'
;

:+
%
9HORFLGDGHGRYLUDEUHTXLP

 3:5 *1'  
%.
;
287  
5'
; ;

$
(&8'202725('&
$
& &LOLQGURVH
&

65
6+& (13.

(/(9$d­2 
6+%    
0(1*1 1%
%
$%$,;$0(172
ÈJXDQRFRPEXVWtYHO :,) 6HQVRU     
6<
; 
6+$ 3:5 *1'  6+$
-&%*1   +(1*1 1(1*1 -((1%. 
; ;
63 1:
; ;
287  
(1/*

; $

&LOLQGURVH
82
(/(9$d­2
    
:*
$%$,;$0(172
    
6%
; ;

%3

% 
2:
$ %
&LOLQGURVH
(/(9$d­2
    
8%

6+$ )&(1%. $%$,;$0(172

   
85
 ; ;
6+$ 
)((1%. <%
6+$ 
)'(1%. ;

;

$ $

     

6+7B 

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

&KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/( '( 3DVVDJHP GR ¿R


327Ç1&,$ &RPSRQHQWH
:%
&RQHFWRUDUWLFXODomR
&KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  /Æ03$'$6 75$6(,5$63$5$'$ /Æ03$'$6 '( 75$%$/+2
'HVFULomR


7LSR &RPSRQHQWH &RQHFWRUDUWLFXODomR 'HVFULomR :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &$1 %86 
&RQHFWRU ;$ ;$ :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  6248(7(6 '2 ,03/(0(172 
&RQHFWRU ;% ;% 7(55$ :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/( '( &/,0$ $8720È7,&2 
&RQHFWRU ;& ;& :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  /$9$'25(6 /,03$'25(6 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/( '( &/,0$ 0$18$/ 
&RQHFWRU ;& ;& 7(55$ :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  -2<67,&. 
&RQHFWRU ; ; 7(55$ :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2 
&RQHFWRU ; ; )5(,2 '( (67$&,21$0(172 (/(75Ð1,&2 :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  81,'$'( '2 3,6&$3,6&$ 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  3$57,'$ ( &$5*$ &20 2 ,62/$'25 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  (63(/+26 $48(&,'26 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  81,'$'( '( &21752/( $8;,/,$5 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  75$9$ '( (67$&,21$0(172 (/(75Ð1,&$ 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )86Ë9(,6  
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )$5Ï,6/8=(6 '( 75$%$/+2 '2 &$3Ð 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  /8=(6 '( 75$%$/+2*,526&Ï3,26 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/( '( &/,0$ 0$18$/ 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  (&8 '2 02725 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  81,'$'( '2 3,6&$3,6&$ 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  ,17(5583725 '$ 7'3 ( /Æ03$'$ 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  021,725 &2/25,'2 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )5(,26 '2 75$,/(5 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  75$9$ '( (67$&,21$0(172 (/(75Ð1,&$ 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )$5Ï,6/8=(6 '( 75$%$/+2 '2 &$3Ð 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  /Æ03$'$6 75$6(,5$63$5$'$ /Æ03$'$6 '( 75$%$/+2

:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/( '( &/,0$ $8720È7,&2 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &$1 %86 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2  ('& 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  6,67(0$ '$ &$1 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  ,17(5583725 '$ 7'3 ( /Æ03$'$ 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  /$9$'25(6 /,03$'25(6 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  /Æ03$'$6 75$6(,5$63$5$'$ /Æ03$'$6 '( 75$%$/+2

:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &$1 %86 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )5(,26 '2 75$,/(5 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )$5Ï,6/8=(6 '( 75$%$/+2 '2 &$3Ð 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  3$,1(/ '( ,167580(1726 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/( '( &/,0$ 0$18$/ 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )$5Ï,6/8=(6 '( 75$%$/+2 '2 &$3Ð 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  81,'$'( '2 3,6&$3,6&$ 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  ',675,%8,d­2 '( (1(5*,$  )86Ë9(,6  
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  /$9$'25(6 /,03$'25(6 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  75$9$ '( (67$&,21$0(172 (/(75Ð1,&$ 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  81,'$'( '( &21752/( '$ ',5(d­2 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  -2<67,&. 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  81,'$'( '( &21752/( $8;,/,$5 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )$5Ï,6/8=(6 '( 75$%$/+2 '2 &$3Ð 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )$5Ï,6/8=(6 '( 75$%$/+2 '2 &$3Ð 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  (&8 '2 02725 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  (&8 '2 02725 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  3$,1(/ '( ,167580(1726 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  3È &$55(*$'(,5$ ( 5(9(562 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  /Æ03$'$6 75$6(,5$63$5$'$ /Æ03$'$6 '( 75$%$/+2

:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  3$57,'$ ( &$5*$ &20 2 ,62/$'25 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )86Ë9(,6  
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/( '( &/,0$ 0$18$/ 

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

     

' 6+% $'&%%. -6&%%. 6+$ '


6+& $%&%%. +0&%%. 6+'
63 63
6+& (&%%.
6+$ %(&%%.
6+& 66&%%. $5&%%. 6+'
&%%.

&%%.

6+$ $*&%%. $6&%%. 6+&

6+$ $&&%%. $)&%%. 6+%


6+$ 6=&%%. )&%%. 6+$

6+% .&%%. *&%%. 6+$


6+% -&%%. %/&%%. 6+%
6+& $/&%%. &1&%%. 6+&
6+% 5*&%%.
6+% %7&%%.  
;&

6+% %*&%%. $1&%%. 6+%


;$
& 6+% %)&%%. $:&%%. 6+$ &
6+& 5'&%%. )3&%%. 6+%

$3&%%. 6+%
6+$ &3&%%. $9&%%. 6+$
63
6+& $=&%%.
6+' &-&%%. $0&%%. 6+%

6+% %&&%%. $.&%%. 6+%


63
6+& %-&%%. 5.&%%. 6+$
6+% %$&%%. $+&%%. 6+%
&%%.
&%%.

6+% %0&%%. 6(&%%. 6+%


6+' &;&%%.
6+% &&&%%.
6+% &.&%%.
6+$ *+&%%.
% 6+& 6:&%%. $-&%%. 6+%
%
6+% &=&%%. 
 ;& ;%
6+$ -=&%%. $-(1%. 6+%
6+$ -<&%%. $0(1%. 6+%

$+(1%. 6+%

$.(1%. 6+%
63 63
6+$ -=(1%. -7(1%. 6+' 6+& 57(1%. -$(1%.
-%(1%.
-*(1%.
-)(1%.
-((1%. 6+&

6+$ -<(1%. -&(1%. 6+% 6+&

-'(1%. 6+' 6+%

+%(1%. 6+% 6+'

+$(1%. 6+& 6+&

63
6+% )&(1%. )'(1%. 6+$

)*(1%.
$ )((1%. 6+% $

;

     

6+7B 

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

&KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 3DVVDJHP GR ¿R


'$ 75$160,66­2 &RPSRQHQWH &RQHFWRUDUWLFXODomR 'HVFULomR
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  3$57,'$ ( &$5*$ &20 2 ,62/$'25
7LSR &RPSRQHQWH &RQHFWRUDUWLFXODomR 'HVFULomR 
(&8 $ &21752/$'25 '$ 75$160,66­2 ;&0 )36636 5'5% :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  -2<67,&. 
6HQVRU % 6HQVRU GH YHORFLGDGH GR HL[R :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2
,QWHUUXSWRU 6 )$,;$ %$,;$ '( 35(66­2 
,QWHUUXSWRU 6 35(66­2 '( )$,;$ 0e',$ :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2
&RQHFWRU ; ; 7 &21(&725 '2 &+,&27( '( (;7(16­2 
&RQHFWRU ; ; 7 &21(&725 '2 &+,&27( '( (;7(16­2 :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2
&RQHFWRU ; ; 81,'$'( '( &21752/( &(175$/&1 
&RQHFWRU ; ; 81,'$'( '( &21752/( &(175$/&1$ :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2
&RQHFWRU ; ; 81,'$'( '( &21752/( &(175$/&1% 
&RQHFWRU ; ; 81,'$'( '( &21752/( &(175$/&1% :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  021,725 &2/25,'2 
&RQHFWRU ; ; 81,'$'( '( &21752/( &(175$/&1 :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )86Ë9(,6  
&RQHFWRU ; ; 8QLGDGH GH FRQWUROH DX[LOLDU $&8 &1$ :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )86Ë9(,6  
&RQHFWRU ; ; 6(1625 '( 9(/2&,'$'( '2 (,;2 :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2
&RQHFWRU ; ; 9(/2&,'$'( ()(7,9$ '$ 7'3 
&RQHFWRU ; ; 62/(12,'( '$ (0%5($*(0 $ :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  720$'$ '( 327Ç1&,$ 
&RQHFWRU ; ; 62/(12,'( '$ (0%5($*(0 %
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2
&RQHFWRU ; ; 62/(12,'( '$ (0%5($*(0 &

&RQHFWRU ; ; 62/(12,'( '$ (0%5($*(0 '
&RQHFWRU ; ; 62/(12,'( '$ (0%5($*(0 ( :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2
&RQHFWRU ; ; 62/(12,'( '( *$0$ %$,;$ 
&RQHFWRU ; ; 6(1625 '( 35(66­2 )$,;$ %$,;$ :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  $/,0(17$d­2 '$ ,62%86 
&RQHFWRU ; ; 6(1625 '( 35(66­2 )$,;$ 0e',$ :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2
6ROHQRLGH < (PEUHDJHP 3:0 $ 
6ROHQRLGH < (PEUHDJHP 3:0 % :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2
6ROHQRLGH < )363:0 GH IDL[D EDL[D  636  6ROHQRLGH GH IDL[D EDL[D 
6ROHQRLGH < (PEUHDJHP 3:0 ( :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2
6ROHQRLGH < (PEUHDJHP 3:0 ' 
6ROHQRLGH < (PEUHDJHP 3:0 & :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  ,62%86 &$1 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  81,'$'( '( &21752/( $8;,/,$5

:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2

:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2

:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2
 ('& 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2

:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  75$9$ '( (67$&,21$0(172
(/(75Ð1,&$ 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2

:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )86Ë9(,6  
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  ,62%86 &$1 

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

     

$
&21752/$'25'$75$160,66­2;&0)36636 5'5%

6+& 
$&%97
;

6+& 
%&%97

;
' '
&%3. 6+&
 
6+' $&%%/ &&%%/
;
6+$ /&%%/
 <
6+% &%%/ '&%%/
 (PEUHDJHP3:0$
6+' %&%%/ ;
 ,1 287 

&%/%   75/%
6+& $5&%%/ (&%%/ ; ; ;
63 
6+& 5&%%/ ; &%/%   75/%
6+% 0&%%/ <

-&%%/ (PEUHDJHP3:0%
6+& 3&%%/   ,1 287 
&%/%   75/%
 ; ;
.&%%/
;
75353
75B1+B6:%
;

&%97   7597
; 75B1+B/:%


6+$ &%:+

&
;
&
<

6+% &&%5' 75353 75B1+B6:% (PEUHDJHP3:0&
; ,1 287 

; &%97   7597 75B1+B/:%
 ;
;&0 ; ; ;

% 75/% 75B1+B/:%


6HQVRUGHYHORFLGDGHGRHL[R ;

&%/%   75/%
75B1+B6:%
 3:5 *1'  6+&
%&75%.
; ;
%375%/

287  
75353   &%97

; 7597 ; <


;
75/% (PEUHDJHP3:0'
75B1+B6:%
,1 287 
% %

&%/%   75/%
 75B1+B/:%
75%/ 6+% ; ; ;
6
)$,;$%$,;$'(35(66­2 6+% &%%/
75353 75B1+B6:%
63 ;
 ,1 287 
&75%/   &%<( 6+&  &%97   7597 75B1+B/:%

; ; ; ;
<
75%/

6+' (PEUHDJHP3:0(
%(75%/ ,1 287 

75%/

&%/%   75/%
6+& 
%675%/
; ;
6+& 375%/   &%*1 6+&

6+' %&75%/ 6 75353 75B1+B6:%


)$,;$,17(50(',È5,$'(35(66­2
6+& 375%/ &%97   7597
63  75B1+B/:%
 ,1 287 
6+% %575%/ %)75%/
<
6+% %175%/ ; ; )363:0GHIDL[DEDL[D6366ROHQRLGHGHIDL[DEDL[D
6+$  ,1 287 
175%/ &%*<   75*<

$ 6+'
$75%/ 
; ; $

&%<(   75<(
6+& ;
75<(   &%<(
; ;
;

     

6+7B 

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

&KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 3DVVDJHP GR ¿R


'$ 75$160,66­2 &RPSRQHQWH &RQHFWRUDUWLFXODomR 'HVFULomR
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2
7LSR &RPSRQHQWH &RQHFWRUDUWLFXODomR 'HVFULomR 
(&8 $ &21752/$'25 '$ 75$160,66­2 ;&0 )36636 5'5% :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  ,17(5583725 '( 6(/(d­2 '$
(&8 $ $FHOHUDGRU GH Sp (+5 
6HQVRU % 6HQVRU GH YHORFLGDGH LQWHUPHGLiULD :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2
6HQVRU % 9HORFLGDGH GR YRODQWH 
5HVLVWRU 5(6 5HVLVWRU :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  /Æ03$'$6 75$6(,5$63$5$'$
,QWHUUXSWRU 6 )36  35(66­2 '( )$,;$ $/7$ /Æ03$'$6 '( 75$%$/+2 
,QWHUUXSWRU 6 )36  35(66­2 '( )$,;$ 5(9(56$ :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  720$'$ '( 327Ç1&,$ 
,QWHUUXSWRU 6: ,QWHUUXSWRU :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2
&RQHFWRU ; ; &20321(17(6 (/(75Ð1,&26 '2 3('$/ '2 
$&(/(5$'25 :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2
&RQHFWRU ; ; 7 &21(&725 '2 &+,&27( '( (;7(16­2 
&RQHFWRU ; ; 7 &21(&725 '2 &+,&27( '( (;7(16­2 :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2
&RQHFWRU ; ; 81,'$'( '( &21752/( &(175$/&1 
&RQHFWRU ; ; 81,'$'( '( &21752/( &(175$/&1$ :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2
&RQHFWRU ; ; 81,'$'( '( &21752/( &(175$/&1% 
&RQHFWRU ; ; 81,'$'( '( &21752/( &(175$/&1$ :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2
&RQHFWRU ; ; 81,'$'( '( &21752/( &(175$/&1% 
&RQHFWRU ; ; 81,'$'( '( &21752/( &(175$/&1 :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2
&RQHFWRU ; ; 62/(12,'( '( '(6&$5*$ ž

&RQHFWRU ; ;  62/(12,'( '$ (1*5(1$*(0
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2
&RQHFWRU ; ; 62/(12,'( '$ 7'3

&RQHFWRU ; ; 62/(12,'( :'
&RQHFWRU ; ; 6(1625 '( 72548( 3 8 3 9(/2&,'$'( '2 92/$17( :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2
&RQHFWRU ; ; 
,17(5583725 '( 35(66­2 3$6
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  ,17(5583725 '$ 7'3 ( /Æ03$'$
&RQHFWRU ; ; 9È/98/$ '(69,$'25$

&RQHFWRU ; ; 7(55$
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2
&RQHFWRU ; ; 62/(12,'( '( )$,;$ 0e',$

&RQHFWRU ; ; 62/(12,'( '( *$0$ $/7$
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2
&RQHFWRU ; ; 62/(12,'( '$ )$,;$ '( 0$5&+$ ¬ 5e

&RQHFWRU ; ; 6(1625 '( 35(66­2 )$,;$ $/7$ :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  3$,1(/ '( ,167580(1726 
&RQHFWRU ; ; 6(1625 '( 35(66­2 '$ )$,;$ '( 5e :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  3$,1(/ '( ,167580(1726 
&RQHFWRU ; ; 38 '$ 9(/2&,'$'( '( 6$Ë'$ '2 6(1625 '( :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  720$'$ '( 327Ç1&,$ 
9(/2&,'$'( 0e',$
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2
6ROHQRLGH < )36 3:0 GH IDL[D UHYHUVD636  6ROHQRLGH GH IDL[D UHYHUVD

6ROHQRLGH < )36 3:0  636 GH IDL[D DOWD 6ROHQRLGH GH IDL[D DOWD
6ROHQRLGH < 6ROHQRLGH GH  PDUFKD :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2
6ROHQRLGH < 6ROHQRLGH GH GHVFDUJD ž 
6ROHQRLGH < :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/( '( &/,0$ $8720È7,&2
9È/98/$ '(69,$'25$
6ROHQRLGH < )36 3:0 GH IDL[D LQWHUPHGLiULD636  6ROHQRLGH GH IDL[D 
LQWHUPHGLiULD :%
6ROHQRLGH < 6ROHQRLGH GH EORTXHLR GR GLIHUHQFLDO :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2
6ROHQRLGH < 6ROHQRLGH :' 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2

:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  3$,1(/ '( ,167580(1726 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2

:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2

:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  -2<67,&. 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  720$'$ '( 327Ç1&,$ 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2

:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2

:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  /Æ03$'$6 75$6(,5$63$5$'$
/Æ03$'$6 '( 75$%$/+2 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2

:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2

:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  3$,1(/ '( ,167580(1726 

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

     

6 $
)3635(66­2'()$,;$5(9(56$ &21752/$'25'$75$160,66­2;&0)36636 5'5%
' 287
< '
6+$ %&75%/
 ,1
755' 6+% 
; )363:0636GHIDL[DLQWHUPHGLiULD6ROHQRLGHGHIDL[DLQWHUPHGLiULD

 753.  ,1 287 
; ; &%3.  
;
6+% &%5' ; ; ;
6 
)3635(66­2'()$,;$$/7$ &%:+   75:+
;
 ,1 287  ;
6+$ %(75%/ $75%/ 6+$
; ;

<
; )363:0636GHIDL[DDOWD6ROHQRLGHGHIDL[DDOWD
; 75*< ,1 287 

&%*<  

6+& 3&%%/   375%/ 6+$
75B1+B6:% ; ;
;
; 375%/ 6+$
75B1+B/:%  75:+
&%:+  
%
6HQVRUGHYHORFLGDGHLQWHUPHGLiULD <
;
)363:0636GHIDL[DUHY6ROHQRLGHGHIDL[DUHY
 3:5 *1' 
%(75%. 6+%  75*1  ,1 287 
6+$ %675%/ &%*1  

& ; ;


; ; &
287  
75<(   &%<( 
; &%97   7597
; 75B1+B/:%
6+$ &%*< ; 75353 75B1+B6:%
;
6+$ 075*1   *&%*1 6+& 
<
$75<( 6+$
; 6ROHQRLGHGHPDUFKD
 75B1+B/:%  ,1 287 
6+% $$&%<(  

6+% 75%/   &%%/ 6+%  &%71 6+% $75<( 6+$ ; ;
; 75B1+B6:%
%
9HORFLGDGHGRYRODQWH 6+& &%%5 ;
6+& &%71 <
 6+& 9È/98/$'(69,$'25$
3:5 *1' 
6+$ %575%/ $975%.
75$160,66­2

  ,1 287 
&%71   7571
; ;
287  
75:+   &%:+ ; ; ;

; ; ;


)-75%.
6+' %&%5'
% %

6+' %&%5'

; 6+% &%71 ; 7571


6+$  
&%<(  

; &%71 6+& 6+% <


$ 7571 6ROHQRLGHGHGHVFDUJDž
$FHOHUDGRUGHSp  
287 ,1 6+%
&%71 6+%   7571

; ;
  
6+' /&%%/ &%*1 7571

6+% %/&%%. ;
6+' ('75%. 6+%
6+% %0&%%.  6+&

&%*1 
7525 < 7525 (775%. 6+&
; 75B1+B6:% 6ROHQRLGHGREORTXHLRGRGLIHUHQFLDO 75B1+B6:%
; (+75%. 6+'
63   ,1 287 

 &%/*   75/* (675%.
75B1+B/:% 75B1+B/:% 6+%
%&%5' &%5' 
)$75%.
&%%/   75/* ; < ;
; ; 75B1+B6:% 6+' (975%. 6+$
6ROHQRLGH:' 63
  ,1 287  6+%
&%<(   75<( (;75%. 75%.
6+& $&%5'
$ ; ; ; 1=75%. 6+& $
;
(<75%. 6+%
$$75%. (075%. 6+$

1=75%. 6+&

;
(:75%. 6+&

(675%. 6+'

     

6+7B 

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

&KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 3DVVDJHP GR ¿R


'$ 75$160,66­2 &RPSRQHQWH &RQHFWRUDUWLFXODomR 'HVFULomR
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2
7LSR &RPSRQHQWH &RQHFWRUDUWLFXODomR 'HVFULomR 
(&8 $ &21752/$'25 '$ 75$160,66­2 ;&0 )36636 5'5% :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  81,'$'( '( &21752/( $8;,/,$5
6HQVRU % 7HPSHUDWXUD GR yOHR GD WUDQVPLVVmR 
7HUUD *1' :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2
5HVLVWRU 5 3RWHQFL{PHWUR GD HPEUHDJHP 
5HVLVWRU 5 &RQHFWRU GR 327(1&,Ð0(752 ; :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/( '( 327Ç1&,$ 
,QWHUUXSWRU 6 ,QWHUUXSWRU GD HPEUHDJHP :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  75$9$ '( (67$&,21$0(172
,QWHUUXSWRU 6 35(66­2 '2 Ï/(2 (/(75Ð1,&$ 
,QWHUUXSWRU 6 (VWDFLRQDPHQWR :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  3$,1(/ '( ,167580(1726 
,QWHUUXSWRU 6 %RWmR QHXWUR :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2
,QWHUUXSWRU 6 6 
,QWHUUXSWRU 6 1mR HVWDFLRQH 1) :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2
,QWHUUXSWRU 6 $YDQoR 
,QWHUUXSWRU 6 5HYHUVR :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )86Ë9(,6  
&RQHFWRU ; ; ,17(5583725 '$ (0%5($*(0 :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )$5Ï,6/8=(6 '( 75$%$/+2 '2
&RQHFWRU ; ; 327(1&,Ð0(752 '$ (0%5($*(0 &$3Ð 
&RQHFWRU ; ; ,17(5583725 6+877/( :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  ,17(5583725 '$ 7'3 ( /Æ03$'$
&RQHFWRU ; ; 7 &21(&725 '2 &+,&27( '( (;7(16­2 
&RQHFWRU ; ; 7 &21(&725 '2 &+,&27( '( (;7(16­2 :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2
&RQHFWRU ;% ;% 7(55$ 
&RQHFWRU ; ; 81,'$'( '( &21752/( &(175$/&1 :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  ,17(5583725 '$ 7'3 ( /Æ03$'$
&RQHFWRU ; ; 81,'$'( '( &21752/( &(175$/&1$ 
&RQHFWRU ; ; 81,'$'( '( &21752/( &(175$/&1% :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  75$9$ '( (67$&,21$0(172
&RQHFWRU ; ; 81,'$'( '( &21752/( &(175$/&1$ (/(75Ð1,&$ 
&RQHFWRU ; ; 81,'$'( '( &21752/( &(175$/&1% :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  81,'$'( '( &21752/( $8;,/,$5
&RQHFWRU ; ; 81,'$'( '( &21752/( &(175$/&1 
&RQHFWRU ; ; ,17(5583725 '( 35(66­2  :%
&RQHFWRU ; ; ,17(5583725 '( 35(66­2  :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  3$,1(/ '( ,167580(1726 
&RQHFWRU ; ; 6(1625 '( 7(03(5$785$ '2 Ï/(2 '$ 75$160,66­2 :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  81,'$'( '( &21752/( $8;,/,$5
&RQHFWRU ; ; 683(55('8725 
&RQHFWRU ; ; :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2
&RQHFWRU ; ; )5(,2 '( (67$&,21$0(172 (/(75Ð1,&2 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2

:%
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  (63(/+26 $48(&,'26 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2

:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  $32,2 '( %5$d2 7 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2

:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2

:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  $/,0(17$d­2 '$ ,62%86 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  81,'$'( '( &21752/( $8;,/,$5

:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2


$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

     
$
&&%<( 6+'&21752/$'25'$75$160,66­2;&0)36636 5'5%

$&%<( '&%<( 6+&


63
= 6
6HOHWRUDGHDYDQoRHUpWHPSRUiULD ,QWHUUXSWRUGDHPEUHDJHP

3LQR
'  
&%:+ 6+$ '


&$1%86
6+' %&%%/   
 &&%<( &%5'

6+'
; ;
;


&%:+

%86(+5
 6+$
;&%:+
6+& 
&%%/
6+' '&%<(
6+&  
&%25
   6+%
&%*< &%*<
6+'   6+%
66&%%.  
&%25
&%*<
; 63 ;
 
&&%*1 &%*1 
&%25 6+%
;
&
;
; &
6+% '&%*1
&%*1

5
6+& *&%*1
3RWHQFL{PHWURGDHPEUHDJHP
6+'  6+&
)&%*1 &%%5

6+% 3:5 *1' 
(&%*1 %&%%. 6+%
; &%%/ 6+%
6+% %%75%.   *&5%. ;
287   6+%
5 $&%<( &%71
327(1&,Ð0(752'2683(55('8725 ;&0
6+$ *75*1 ; ;
75B1+B6:%
6+'  3:5 *1' 
-7571   $&571
75B1+B/:% ;
; ; ; ; 
287   6+%
&525   7525   &%25   7571
;
; ;
 6+%
  7571
6+$  ;
75353   &%:+ ;

% ;
7HPSHUDWXUDGHyOHRGDWUDQVPLVVmR

% %
6+%  *1' 6,*  
$775%. 75*1   &%*1
; ;
; &%71 6+%
6+& 75%/   &%%/ 6+& &%%/ 6+&
;
6+& &%*<

6 ;
35(66­2'2Ï/(2

 ,1 287  ;
6+$ (075%. 75<(   &%<(

; ;  
;
1&%3. 6+%


6+$ 75353   &%97
;
6+$ %1&%%. ;

6+$ %3&%%. 
<&%%.

=&%%.
$ 6+& 7$&%%. ;
$
6+% :&%%. 
06&%%.
6+$ 
%5&%%. ;&%%.
63 ;
6+$ %6&%%.
&+&%%. 6+% 
&%25
;%

;

     

6+7B 

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

&KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 3DVVDJHP GR ¿R


'$ 75$160,66­2  ('& &RPSRQHQWH &RQHFWRUDUWLFXODomR 'HVFULomR
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  6,67(0$ '$ &$1 
7LSR &RPSRQHQWH &RQHFWRUDUWLFXODomR 'HVFULomR :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2
(&8 $ &21752/$'25 '$ 75$160,66­2 ;&0 )36636 5'5% 
6HQVRU % 3LQR GH HVIRUoR HVTXHUGR :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )86Ë9(,6  
6HQVRU % 3LQR GH HVIRUoR GLUHLWR :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2
6HQVRU % 5DGDU 
'LRGR ' 'LRGR :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )86Ë9(,6  
'LRGR ' 'LRGR
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )86Ë9(,6  
'LRGR ' 'LRGR
5HVLVWRU 5 3RWHQFL{PHWUR GR HL[R RVFLODQWH :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  720$'$ '( 327Ç1&,$ 
5HVLVWRU 5(6 5HVLVWRU :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  720$'$ '( 327Ç1&,$ 
5HVLVWRU 5(6 5HVLVWRU :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  $32,2 '( %5$d2 7 
,QWHUUXSWRU 6 0HVWUH KLGUiXOLFR :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &$1 %86  
,QWHUUXSWRU 6 ,QWHUUXSWRU GH +3/ HVTXHUGR :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  (63(/+26 $48(&,'26 
,QWHUUXSWRU 6 ,QWHUUXSWRU GH +3/ GLUHLWR :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/( '( 327Ç1&,$ 
,QWHUUXSWRU 6: ,QWHUUXSWRU :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2
&RQHFWRU ; ; 7 &21(&725 '2 &+,&27( '( (;7(16­2 
&RQHFWRU ; ; 7 &21(&725 '2 &+,&27( '( (;7(16­2 :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2
&RQHFWRU ; ; 02725  
&RQHFWRU ; ; 81,'$'( '( &21752/( &(175$/&1 :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )86Ë9(,6  
&RQHFWRU ; ; 81,'$'( '( &21752/( &(175$/&1$ :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )86Ë9(,6  
&RQHFWRU ; ; 81,'$'( '( &21752/( &(175$/ &&8 &1%
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2
&RQHFWRU ; ; 81,'$'( '( &21752/( &(175$/ &&8 &1$

&RQHFWRU ; ; 81,'$'( '( &21752/( &(175$/ &&8 &1
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  3$,1(/ '( ,167580(1726 
&RQHFWRU ; ; 3$5$/$0$ 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  ,17(5583725 '$ 7'3 ( /Æ03$'$
&RQHFWRU ; ;
&RQHFWRU ; ; 
&RQHFWRU ; ; :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  $32,2 '( %5$d2 
3,12 '( 75$d­2 ',5(,72
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2
&RQHFWRU ; ; 3,12 '( 75$d­2 (648(5'2

&RQHFWRU ; ; 327(1&,Ð0(752 '2 (,;2 26&,/$17(
&RQHFWRU ; ; (/(9$d­2 '$ 9È/98/$ '2 ('&
&RQHFWRU ; ; $%$,;$0(172 '$ 9È/98/$ '2 ('&
&RQHFWRU ; ; ,17(5583725 '( +3/
&RQHFWRU ; ;
&RQHFWRU ; ; ,17(5583725 '( %/248(,2 '$ 9È/98/$ 5(027$
(/(752+,'5È8/,&$ (+5
&RQHFWRU ; ; '(7(&d­2 '2 (1*$7( ',$17(,52
6ROHQRLGH < (OHYDomR GD YiOYXOD GH ('&
6ROHQRLGH < $EDL[DPHQWR GD YiOYXOD ('&

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

     

$
&21752/$'25'$75$160,66­2;&0)36636 5'5%

6+& 
$&%%5 5DGDU
% 
; &%/% 6+&
' ;
 
;

'
6+& &%5'   (15' (1<(   &%<(  6+$
;
  
&%%/
6+$ -'(1%. %(1*1   %&%*1
; 
; 5 ; ; &%/% 6+%

6+'
3RWHQFL{PHWURGRHL[RRVFLODQWH
$7571
75B1+B6:%
6+'  3:5 *1'  6+%
07571 /75%. 
% 75B1+B/:% &%/% 6+%
3LQRGHHVIRUoRHVTXHUGR ;
287
 ;

753.   &%3.
 3:5 *1'  ;
%$75%. 6+% ;

;
287 
7571
63
; 
%753. 753.   &%3.
$753. 
%   &%71
3LQRGHHVIRUoRGLUHLWR
 3:5 *1'  6+%
+75%.

  &%71
&
;
287 
7571
;
&
;
6
,QWHUUXSWRUGH+3/HVTXHUGR <
(OHYDomRGDYiOYXODGH('&
; 63 ;
6$Ë'$ 
.:   ,1 287 
  $&%3. &%3. &%3.   753.

6+&  ,1
%5 ; ; ;
63 
6$Ë'$  .* ;&0 
;   %&%3. &%3. &%3.   753.
6(1 <
'HWHFomRGRHQJDWHGLDQWHLUR
; ; ; ; $EDL[DPHQWRGDYiOYXOD('&
6+'  
&%:+    ,1 287 
/&%%5 6 &%3.   753.
,QWHUUXSWRUGH+3/GLUHLWR ; ; ; ; ; ;
;
6$Ë'$ 
)(3.   %&%3. 
 ,1
&%3.   753.
6+& $3)(5% ;
6$Ë'$ 
; )(*1   $&%3. 
; &%<( 6+&
;
6+& 
&%:+ 
&%<( 6+&
% 6+$ $&%*<
%
6 
&%/% 6+&
0HVWUHKLGUiXOLFR
;
6+&   6+&
/&%5' 39&%%. ; ;


&%5'   75%/  
 ; ;
;
6+& 
0&%%/


 6+&
-&%%5


&%*<
;
;

&%*<

$ 6+$ &%*< $
6+% 
&%/*
;


;

     

6+7B 

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

&KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 3DVVDJHP GR ¿R


'$ 75$160,66­2 &RPSRQHQWH &RQHFWRUDUWLFXODomR 'HVFULomR
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2
7LSR &RPSRQHQWH &RQHFWRUDUWLFXODomR 'HVFULomR  ('& 
(&8 $ &21752/$'25 '$ 75$160,66­2 ;&0 )36636 5'5% :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2
6HQVRU % 327(1&,Ð0(752 0e',2 ( 5(9(562 
6HQVRU % 327(1&,Ð0(752 /(172 ( 5È3,'2 :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2
6HQVRU % 6(1625 '( 9(/2&,'$'( '( (175$'$ '( &'(  ('& 
6HQVRU % 5(6(59$7Ï5,2 '( *È6 :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  ,17(5583725 '$ 7'3 ( /Æ03$'$
6HQVRU % 6(1625 '$ 35(66­2 '2 Ï/(2 '$ 75$160,66­2 
7HUUD *1'6(16 :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  $32,2 '( %5$d2 
0RWRU 0 0RWRU :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2
5HVLVWRU 5 5HVLVWRU 
,QWHUUXSWRU 6 ,QWHUUXSWRU :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  $32,2 '( %5$d2 7 
&RQHFWRU ; ; 7 &21(&725 '2 &+,&27( '( (;7(16­2 :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2
&RQHFWRU ; ; 7 &21(&725 '2 &+,&27( '( (;7(16­2 
&RQHFWRU ; ; 02725  :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2
&RQHFWRU ; ; &RQHFWRU GR DVVHQWR 
&RQHFWRU ; ; 81,'$'( '( &21752/( &(175$/ &&8 &1$ :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  $/,0(17$d­2 '$ ,62%86 
&RQHFWRU ; ; 81,'$'( '( &21752/( &(175$/ &&8 &1% :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2
&RQHFWRU ; ; 81,'$'( '( &21752/( &(175$/ &&8 &1$ 
&RQHFWRU ; ; 81,'$'( '( &21752/( &(175$/ &&8 &1% :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  $32,2 '( %5$d2 
&RQHFWRU ; ; 81,'$'( '( &21752/( &(175$/ &&8 &1 :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2
&RQHFWRU ; ; 5(6(59$7Ï5,2 '( *È6 
&RQHFWRU ; ; 327(1&,Ð0(752 '2 (,;2 26&,/$17( :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  720$'$ '( 327Ç1&,$ 
&RQHFWRU ;% ;% 6(1625 '$ 35(66­2 '2 Ï/(2 '$ 75$160,66­2 :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &$1 (+5 
&RQHFWRU ; ; 6(1625 '( 9(/2&,'$'( '( (175$'$ '( &'( :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2
&RQHFWRU ; ; 327(1&,Ð0(752 /(172 ( 5È3,'2 
&RQHFWRU ; ; 327(1&,Ð0(752 0e',2 ( 5(9(562 :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2

:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  $32,2 '( %5$d2 7 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )86Ë9(,6  
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2

:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2

:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  ,17(5583725 '$ 7'3 ( /Æ03$'$

:%
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2

:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  $32,2 '( %5$d2 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  ,62%86 &$1 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  720$'$ '( 327Ç1&,$ 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2
 ('& 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2
 ('& 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  $/,0(17$d­2 '$ ,62%86 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/( '( 327Ç1&,$ 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2

:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2

:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2

:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2

:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2
 ('& 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  ,62%86 &$1 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  $32,2 '( %5$d2 7 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )86Ë9(,6  
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2

:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  $32,2 '( %5$d2 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

     

$
&21752/$'25'$75$160,66­2;&0)36636 5'5%
; ;
+&%71   6+& &%%.  
6+& &&%71 ; 6+&

&%5'  
6+$ '&%71 &%71
63
6+$ %7571 ;
6+& $&%25  
6+% -7571 75B1+B/:%
' ; '
6+' 07571 $7571   $&%71
63 ;
6+' $7571 7571
75B1+B6:% 6+% &%%/  
;
7571
 6+$
&%%5

;
=
%RPEDGRDVVHQWR 
&%25 6+'
6
  
6+$ $&%5' &%25
;&0
6+% 
.&%*1 ; ;
0
 6+&
;

&%5'

;
6+&  6+%
&1&%%. &%*<

% 
&%5' 6+'
& %775%. 6(1625'(9(/2&,'$'('((175$'$'(&'( &
 6+%
%75%.  *1' 3:5  &%/%
%(75%. (:75%. ; ;
6+% $675%. 6+$ 
 287
; &%%5   %
6+% 175%. 75<(
; '(*$6%277/(
6+% %&75%. 6+$
;  6,* *1' 
  (1/% -$(1%. 6+$
6+% $975%. ;
63 ; 63 ; ;
6+%   6+&
$775%. $75%.   $&%%. &%%. &%71
;
6+& %$75%. ;
 6+&
&%3.
6+& +75%.
6+'  6+'
/75%. &%71
6+& %%75%. 
&%71 6+$
;
6+& %(75%.

% 6+$ %0&%%. %
6+& %&%%.
6+$ %/&%%.
6+$ -&%%. '&%%. 6+'
%
327(1&,Ð0(7520e',25(9(562

 *1' 3:5 
175*1
 ; 63 075*1 6+&
287
6+$ 75353
*75*1 6+%
;

%
327(1&,Ð0(752/(1725È3,'2

 *1' 3:5 
-75*1
;
6+%  287 %
75353
6(1625'$35(66­2'2Ï/(2'(75$160,66­2
$ ;
75B1+B/:%
$
$<75%.
%
*1' 3:5
$<75%. %7571 6+'
$
75B1+B6:%
& ;%
287
6+% $75<( 75B1+B6:%
6+& $75<( ;%
75B1+B/:%

     

6+7B 

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

&KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  720$'$ '( 3DVVDJHP GR ¿R


327Ç1&,$ &RPSRQHQWH &RQHFWRUDUWLFXODomR 'HVFULomR
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  -2<67,&. 
7LSR &RPSRQHQWH &RQHFWRUDUWLFXODomR 'HVFULomR :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  -2<67,&. 
(&8 $ &21752/$'25 '$ 75$160,66­2 ;&0 )36636 5'5% :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  -2<67,&. 
6HQVRU % 6HQVRU GH WRUomR GD 7'3 :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )86Ë9(,6  
6HQVRU % 9HORFLGDGH GD 7'3 :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  -2<67,&. 
,QWHUUXSWRU 6 ,QWHUUXSWRU GR IUHLR GD 7'3 WUDVHLUD :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  -2<67,&. 
,QWHUUXSWRU 6 ,QWHUUXSWRU GD 7'3 GR ODGR GLUHLWR :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )86Ë9(,6  
,QWHUUXSWRU 6 )UHLR GD 7'3 PRQWDGD QD DODYDQFD
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2
,QWHUUXSWRU 6 ,QWHUUXSWRU GD 7'3 GR ODGR HVTXHUGR

&RQHFWRU ; ; 7 &21(&725 '2 &+,&27( '( (;7(16­2 :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2
&RQHFWRU ;$ ;$ ,17(5583725 '2 )5(,2 '$ 7'3 0217$'2 1$  ('& 
$/$9$1&$
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2
&RQHFWRU ;% ;% 0(7$'( &255(6321'(17( '$ 7'3 /0
 ('& 
&RQHFWRU ; ; ,17(5583725 '2 )5(,2 '$ 7'3 75$6(,5$
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2
&RQHFWRU ; ; 81,'$'( '( &21752/( &(175$/ &&8 &1

&RQHFWRU ; ; 81,'$'( '( &21752/( &(175$/ &&8 &1%
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  ,17(5583725 '( 6(/(d­2 '$
&RQHFWRU ; ; 81,'$'( '( &21752/( &(175$/ &&8 &1$
(+5 
&RQHFWRU ; ; 81,'$'( '( &21752/( &(175$/ &&8 &1%
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  81,'$'( '2 3,6&$3,6&$ 
&RQHFWRU ; ; 81,'$'( '( &21752/( &(175$/ &&8 &1
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2
&RQHFWRU ; ; 3$5$/$0$ 
&RQHFWRU ; ; 
&RQHFWRU ; ; 6(1625 '( 9(/2&,'$'( '$ 7'3 :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )86Ë9(,6  
&RQHFWRU ; ; 6(1625 '( 725d­2 '$ 7'3 :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2
&RQHFWRU ; ; 62/(12,'( '$ 7'3 
&RQHFWRU ; ; )UHLR GD 7'3 :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  -2<67,&. 
&RQHFWRU ; ; 62/(12,'( '2 %/248(,2 '2 ',)(5(1&,$/ :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2
&RQHFWRU ; ; ,17(5583725 '$ 7'3 
6ROHQRLGH < 6ROHQRLGH GR IUHLR GD 7'3 WUDVHLUD :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  -2<67,&. 
6ROHQRLGH < 6ROHQRLGH GD 7'3 WUDVHLUD :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  -2<67,&. 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2

:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )86Ë9(,6  
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  ,17(5583725 '( 6(/(d­2 '$
(+5 

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

     

$
&21752/$'25'$75$160,66­2;&0)36636 5'5%

 6+&
&%%5
 6+'
&%<(
 6+&
&%5'
.&%*1   6+%
6+% &%<(
' ; '
; 6+$ 75/*
7525 6+$
&%25 
6+$ <
6+$
&%25  ; 6ROHQRLGHGD7'3WUDVHLUD (675%.
6+$  ,1
75B1+B6:%
287
&%25   7525
75B1+B/:%  
; ;
&%%5  
6+& &%25   7525
; 75B1+B/:%
:+   &%:+ 7525 6+$
75B1+B6:%
<
6 6ROHQRLGHGRIUHLRGD7'3WUDVHLUD
  ,1 287 
,QWHUUXSWRUGD7'3GRODGRHVTXHUGR &%%5   75%5 (775%. 6+$
63  ;
6$Ë'$ 
 ,1
:5<   %&%:+ &%:+ ; ;
6$Ë'$ 
:8   &%:+ 6+% ; 
$&%%5 6+$
; ;
;
 6+%
6 &%/*
,QWHUUXSWRUGD7'3GRODGRGLUHLWR ;
;
; 6$Ë'$  
)(:+   $&%:+ &%/* 6+$
 ,1
(&%*1 )(*1
& 6+%  
6$Ë'$  )(%/   ; &
; ;
;
;
6+' 
&%5'
6 6
,QWHUUXSWRUGRIUHLRGD7'3WUDVHLUD )UHLRGD7'3PRQWDGDQDDODYDQFD ; ;&0
6$Ë'$      
$&%71 &%71
 ,1
6+% -&%*1
% 6$Ë'$ 
&%%5 ;$ ;$ ;
6HQVRUGHWRUomRGD7'3 ; 6+$ ;%


;

 3:5 *1' 
6+$ %175%/ 175%. 6+&


%&%71
; ;
287  
75:+   &%:+
% ;
75B1+B6:%
; 9HORFLGDGHGD7'3 ;
$975*1
;
 3:5 *1'  6+&
6+% /&%*1   $975*1 $675%.
75B1+B/:%
; ;
287  
6+$ &%/*   7525   &%25
;
; ; ;
% %

6+& 
$$&%<(




6+& &%%5
;



6+% &%5'

$ $
;

     

6+7B 

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

&KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  81,'$'( '( 3DVVDJHP GR ¿R


&21752/( $8;,/,$5 &RPSRQHQWH &RQHFWRUDUWLFXODomR 'HVFULomR
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  ,17(5583725 '( 6(/(d­2 '$
7LSR &RPSRQHQWH &RQHFWRUDUWLFXODomR 'HVFULomR (+5 
(&8 $ 8QLGDGH GH FRQWUROH DX[LOLDU $&8  VXVSHQVmR :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  ,17(5583725 '( 6(/(d­2 '$
GLDQWHLUDHQJDWH GLDQWHLUR (+5 
6HQVRU % 6HQVRU GD SRVLomR GR HL[R :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  ,17(5583725 '( 6(/(d­2 '$
6HQVRU % $FHOHU{PHWUR GD VXVSHQVmR (+5 
,QWHUUXSWRU 6 ,QWHUUXSWRU GH SUHVVmR GD VXVSHQVmR GLDQWHLUD :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  -2<67,&. 
&RQHFWRU ; ; 7 &21(&725 '2 &+,&27( '( (;7(16­2 :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  -2<67,&. 
&RQHFWRU ; ; 7 &21(&725 '2 &+,&27( '( (;7(16­2 :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  ,17(5583725 '( 6(/(d­2 '$
&RQHFWRU ; ; 02725  (+5 
&RQHFWRU ; ; 3$,1(/ '( ,17(5583725(6 :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2
&RQHFWRU ; ; 81,'$'( '( &21752/( &(175$/ &&8 &1% 
&RQHFWRU ; ; 81,'$'( '( &21752/( $8;,/,$5 $&8 &1 :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  ,17(5583725 '( 6(/(d­2 '$
&RQHFWRU ; ; 81,'$'( '( &21752/( $8;,/,$5 $&8 &1$ (+5 
&RQHFWRU ; ; 81,'$'( '( &21752/( $8;,/,$5 $&8 &1% :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )86Ë9(,6  
&RQHFWRU ; ; 81,'$'( '( &21752/( $8;,/,$5 $&8 &1% :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  $/$9$1&$6 (+5 
&RQHFWRU ; ; 81,'$'( '( &21752/( $8;,/,$5 $&8 &1$ :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  -2<67,&. 
&RQHFWRU ; ; (1*$7( ',$17(,52 ( 7'3 ',$17(,5$
&RQHFWRU ; ;
&RQHFWRU ; ;
&RQHFWRU ; ;
&RQHFWRU ; ; 9iOYXODV GH 6)$
&RQHFWRU ; ; 9(/2&,'$'( ()(7,9$ '$ 7'3
&RQHFWRU ; ;
&RQHFWRU ; ;
&RQHFWRU ; ;
&RQHFWRU ; ;
&RQHFWRU ; ;
&RQHFWRU ; ; 1,9(/$0(172 '$ $57,&8/$d­2
&RQHFWRU ; ;
&RQHFWRU ; ;
&RQHFWRU ; ;
&RQHFWRU ; ;
&RQHFWRU ; ;
&RQHFWRU ; ;
&RQHFWRU ; ;
&RQHFWRU ; ;
6ROHQRLGH < 6ROHQRLGH GH OHYDQWDPHQWR GD VXVSHQVmR
6ROHQRLGH < 6ROHQRLGH GH DEDL[DPHQWR GD VXVSHQVmR
6ROHQRLGH < 6ROHQRLGH GH EORTXHLR VXSHULRU GD VXVSHQVmR
6ROHQRLGH < 6ROHQRLGH GH EORTXHLR LQIHULRU GD VXVSHQVmR
6ROHQRLGH < 9iOYXOD GH QLYHODPHQWR GD DUWLFXODomR 
6ROHQRLGH < 9iOYXOD GH QLYHODPHQWR GD DUWLFXODomR 
6ROHQRLGH < 9iOYXOD GH QLYHODPHQWR GD DUWLFXODomR 
6ROHQRLGH < 9iOYXOD GH QLYHODPHQWR GD DUWLFXODomR 
6ROHQRLGH < 9iOYXOD GH QLYHODPHQWR GD DUWLFXODomR 
6ROHQRLGH < 9(/2&,'$'( ()(7,9$ '$ 7'3

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

     

$
$&8 VXVSHQVmRGLDQWHLUDHQJDWHGLDQWHLUR

&$1%86
63
6+' %&%/* &%/*
<
' $&%/* ; ; 6ROHQRLGHGHOHYDQWDPHQWRGDVXVSHQVmR '
6+'  
&%25  ,1 287 
0&%%5   7525   %6

;
; ; 7525 ; ;
% ;
353   2*6
  (1%/   &%%/ &%25   7525  
6HQVRUGHSRVLomRGRHL[R
; 7525
63  <
 *1' 3:5 
3   &(1/* $(1/*   6ROHQRLGHGHDEDL[DPHQWRGDVXVSHQVmR

&%25  ,1 287 
 287
;   7525   216
;
; 7525 ; ;
;
63 
&%25   7525   236
%.   $)(1%. $&(1%.   $&&%%. 6+$
; ; 7525 <
6ROHQRLGHGHEORTXHLRVXSHULRUGDVXVSHQVmR

&%25  ,1 287 
  7525   286
;
; ; 7525 ; ;
  %.   $((1%. 
; ; &%71   7571  
2<6 <
&
; 7571 6ROHQRLGHGHEORTXHLRLQIHULRUGDVXVSHQVmR &
%
  ,1 287 
$FHOHU{PHWURGDVXVSHQVmR &%71   7571   25
;
 3:5 *1' 
; 7571 ; ;
%.   $*(1%. 
&%71   7571   25
; ;
287  
71   (171 ;
  &%25 ; ; 7571
; <
3   '(1/* 9iOYXODGHQLYHODPHQWRGDDUWLFXODomR
; ; ;
6+' &%%5  
&%:+ 75:+   ,1 287 
   :+ %.
6
,QWHUUXSWRUGHSUHVVmRGDVXVSHQVmRGLDQWHLUD ; ; < ;
;
    ; 
9iOYXODGHQLYHODPHQWRGDDUWLFXODomR
25   7525   &%25 ;

&%:+  ,1 287 
;   75:+   :+ %.
; ; 7571   (<75%.
; ;

%.
< ; 6+$
%.   75%.
75%. 6+$ 9iOYXODGHQLYHODPHQWRGDDUWLFXODomR
;
6+$ 
&%:+  ,1 287 
  75:+   :+ %.
63
; ;
6+&  <
&%%5
9iOYXODGHQLYHODPHQWRGDDUWLFXODomR
% ;
  ,1 287  %

%.
&%:+   75:+   :+ %.
; ;

<
9iOYXODGHQLYHODPHQWRGDDUWLFXODomR

&%:+  ,1 287 
  75:+   :+
;
&$1(+5 ;
<
; ;

9(/2&,'$'(()(7,9$'$7'3

$&%:+   ,1 287  6+$
 75:+ 175%/
;
; ;
 6+&
&%%5

 6+'
2&%:+
6+% 
&%:+ 
&%<( 6+'

6+%   6+&
&%:+ &%<(

;
$ 
$
6+% &%:+  6+%
*&%%.

; ;

     

6+7B 

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

&KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  81,'$'( '( 3DVVDJHP GR ¿R


&21752/( $8;,/,$5 &RPSRQHQWH &RQHFWRUDUWLFXODomR 'HVFULomR
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  ,17(5583725 '( 6(/(d­2 '$
7LSR &RPSRQHQWH &RQHFWRUDUWLFXODomR 'HVFULomR (+5 
(&8 $ 8QLGDGH GH FRQWUROH DX[LOLDU $&8  VXVSHQVmR :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  ,17(5583725 '$ 7'3 ( /Æ03$'$
GLDQWHLUDHQJDWH GLDQWHLUR 
6HQVRU % 3RVLomR GH HQJDWH GLDQWHLUR :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2
6HQVRU % 5(02726 0(&Æ1,&26 '$ +3/ ',$17(,5$ 
,QWHUUXSWRU 6 (OHYDomR GR HQJDWH GLDQWHLUR :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  3$57,'$ ( &$5*$ &20 2 ,62/$'25
,QWHUUXSWRU 6 $EDL[DPHQWR GR HQJDWH GLDQWHLUR 
,QWHUUXSWRU 6: $EDL[DPHQWR GR HQJDWH GLDQWHLUR :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  ,17(5583725 '( 6(/(d­2 '$
&RQHFWRU ; ; 02725  (+5 
&RQHFWRU ; ; 02725  :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/( '( 327Ç1&,$ 
&RQHFWRU ; ; 81,'$'( '( &21752/( $8;,/,$5 $&8 &1 :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )86Ë9(,6  
&RQHFWRU ; ; 81,'$'( '( &21752/( $8;,/,$5 $&8 &1$
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )86Ë9(,6  
&RQHFWRU ; ; 81,'$'( '( &21752/( $8;,/,$5 $&8 &1%
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  ,17(5583725 '( 6(/(d­2 '$
&RQHFWRU ; ; 81,'$'( '( &21752/( $8;,/,$5 $&8 &1%
; ; (+5 
&RQHFWRU (1*$7( ',$17(,52 ( 7'3 ',$17(,5$
&RQHFWRU ; ; :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2
&RQHFWRU ; ; 
&RQHFWRU ; ; :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  ,17(5583725 '$ 7'3 ( /Æ03$'$
&RQHFWRU ; ; 5(02726 0(&Æ1,&26 '$ +3/ ',$17(,5$ 
&RQHFWRU ; ; :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2
6ROHQRLGH < 6ROHQRLGH GD 7'3 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  -2<67,&. 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/( '( 327Ç1&,$ 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )86Ë9(,6  
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )86Ë9(,6  
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )86Ë9(,6  
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  ,17(5583725 '$ 7'3 ( /Æ03$'$

:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2


$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

     

$
6+& (&%%5 $&8 VXVSHQVmRGLDQWHLUDHQJDWHGLDQWHLUR
' 63 
'
6+$ &%%5 6&%%5

; ; 
7&%%5
-7(1%.   %5   %.
6+$ 
:&%%5
% ;
  3.   3RVLomRGHHQJDWHGLDQWHLUR
;
;
 3:5 *1' 

;
; ; ; 
3.


3.

287
%5   %5   (1%5   &%%5
;
6
(OHYDomRGRHQJDWHGLDQWHLUR 

 6$Ë'$
71   %5   (171   &%71
63 3. ;
,1 
6$Ë'$
;
%5

;
6
%5

3.

& (13.
$EDL[DPHQWRGRHQJDWHGLDQWHLUR
%
&

%5 %5   %5  ; 
5(027260(&Æ1,&26)+3/

63  (1%5   &%%5  6,* *1' 
; (15' 57(1%. 6+$

; ;
; 

  71   (171   &%71
; ;
 ; ; ;
6+% /&%3.   71 ; ;  ;
; ; &%5'     5'  
;
;

6+& %&%3.  <


6ROHQRLGHGD7'3
 ,1 287
&%25   (125   25   5'
6+& 
&&%3.  
% ;
; ; ; %
6+% 
.&%3.

; 
&%25   (125   25   5'
6+$ 
=&%:+
;
;

6+% 
&%25 &%25   (125   25  

; ;

6+$ 
&%3.
6+$ 
&%3.   %(1%5   %5  

; ; ;


;
%&%%5 6+&
6+$ 
%5&%%. 
&%%5 6+&
6+$ 
%6&%%.
;
;
6+$   6+'
%1&%%. &%%/
$ 6+$ %3&%%.
 
&%25 6+% $
6+'  ;
&%25
;

     

6+7B 

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

&KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  81,'$'( '( 3DVVDJHP GR ¿R


&21752/( '$ ',5(d­2 &RPSRQHQWH &RQHFWRUDUWLFXODomR 'HVFULomR
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )86Ë9(,6  
7LSR &RPSRQHQWH &RQHFWRUDUWLFXODomR 'HVFULomR :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )86Ë9(,6  
(&8 $ 'LUHomR UiSLGD
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/( '( 327Ç1&,$ 
6HQVRU % 6HQVRU GH SUR[LPLGDGH
6HQVRU % 7UDQVGXWRU GH SRVLomR
'LRGR ' 'LRGR
5HVLVWRU 5(6 5HVLVWRU
,QWHUUXSWRU 6 'LUHomR UiSLGD
,QWHUUXSWRU 6: ,QWHUUXSWRU
,QWHUUXSWRU 6: ,QWHUUXSWRU
&RQHFWRU ; ;
&RQHFWRU ; ;
&RQHFWRU ; ;
&RQHFWRU ; ;
&RQHFWRU ; ;
&RQHFWRU ; ;
6ROHQRLGH < 9iOYXOD 6ROHQRLGH

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

     

' '

$
'LUHomRUiSLGD
;

6+& %
'&%97   353
63
&
6+' $%&%%5   *1 *1 &$1%86
;

*1
*1
*1
% <
6HQVRUGHSUR[LPLGDGH 9iOYXOD6ROHQRLGH
&  6,* *1' 
3 % $
5'
 ,1 287  &
; ; ; ;
$ *1
6
'LUHomRUiSLGD

  %
25


 $
25


 &
%.
;
;

%
7UDQVGXWRUGHSRVLomR

 %
%5

% %
 &
353

 %
*1
 &
:+
63 ;
 & $ 6+%
%. %. %.   &=&%%.
;
; $
; %.
;

%.

$ $

     

6+7B 

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

&KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  3$,1(/ '( 3DVVDJHP GR ¿R


,167580(1726 &RPSRQHQWH &RQHFWRUDUWLFXODomR 'HVFULomR
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )86Ë9(,6  
7LSR &RPSRQHQWH &RQHFWRUDUWLFXODomR 'HVFULomR :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2
(&8 $ 7HFODGR 
(&8 $ 3DLQHO GH LQVWUXPHQWRV GH PRQLWRUDPHQWR DYDQoDGR :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  3$57,'$ ( &$5*$ &20 2 ,62/$'25
$',& ,&8 
6HQVRU % ÆQJXOR GH GLUHomR 6WHHULQJ $QJOH :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )86Ë9(,6  
6HQVRU % 6HQVRU GR WDQTXH GH FRPEXVWtYHO :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &$1 %86  
$OWRIDODQWH + &,*$55$ :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )5(,26 '2 75$,/(5 
,QWHUUXSWRU 6 1tYHO GR ÀXLGR GR IUHLR
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )86Ë9(,6  
,QWHUUXSWRU 6 'LUHomR +LGUiXOLFD
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )86Ë9(,6  
&RQHFWRU ; ;
&RQHFWRU ; ; :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )5(,26 '2 75$,/(5 
&RQHFWRU ; ; 7(&/$'2 :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2
&RQHFWRU ; ; 3DLQHO GH LQVWUXPHQWRV GH PRQLWRUDPHQWR DYDQoDGR 
$',& ,&8 &1 :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2
&RQHFWRU ; ; 7 &21(&725 '2 &+,&27( '( (;7(16­2 
&RQHFWRU ; ; 7 &21(&725 '2 &+,&27( '( (;7(16­2 :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )5(,26 '2 75$,/(5 
&RQHFWRU ; ; 02725  :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )86Ë9(,6  
&RQHFWRU ; ; 02725  :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )5(,26 '2 75$,/(5 
&RQHFWRU ; ; 8QLGDGH GH FRQWUROH FHQWUDO &&8 &1% :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2
&RQHFWRU ; ; 7(55$ '$ &$5&$d$ 
&RQHFWRU ; ; :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  81,'$'( '2 3,6&$3,6&$ 
&RQHFWRU ; ; :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  (&8 '2 02725 
&RQHFWRU ; ; :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  81,'$'( '2 3,6&$3,6&$ 
&RQHFWRU ; ; 6(1625 '( ',5(d­2 :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2
&RQHFWRU ; ; 75$160,6625 '2 7$148( '( &20%867Ë9(/ 
&RQHFWRU ; ; ,17(5583725 '( 35(66­2 3$3 :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2
&RQHFWRU ; ; ,17(5583725 '( 35(66­2 3$6  ('& 
&RQHFWRU ; ; 683(55('8725 :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  75$9$ '( (67$&,21$0(172
&RQHFWRU ; ; (/(75Ð1,&$ 
&RQHFWRU ; ; &,*$55$ :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )5(,26 '2 75$,/(5 
6ROHQRLGH < 6ROHQRLGH GR VXSHUUHGXWRU :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  75$9$ '( (67$&,21$0(172
(/(75Ð1,&$ 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/( '( 327Ç1&,$ 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  81,'$'( '2 3,6&$3,6&$ 

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

     

$
$',&,&8
&$1%86
6+& 
(&%5'
6+% 
5&%<(

' 6+& $&%97


 
&%:+ 6+% '
 6+$
; %&%*1
6+%   6+$
$&%5' &%<(
+
&,*$55$
<
 
6ROHQRLGHGRVXSHUUHGXWRU ; &%%/ 3

 287 ,1  6+%
&5%/   75%/  
&%25 1
;
; ; $',& ;
&5%.   75%/   &%%/ 6+%
,&8 ;
; ;

&%5' 6+'
;
 6+%
% & & &%97 &%*1
;
6HQVRUGRWDQTXHGHFRPEXVWtYHO $&%*1 6+&
;
 6,* *1'  
$
6+$ '75*1 75*1   &%*1 7HFODGR
; ;
75<(
6 75B1+B/:%  
)&%*1 +&%%.
& 'LUHomRKLGUiXOLFD75B1+B/:%1=75%. 6+$ 63
&
; ;
6+$     
1=75%. 75:+   &%:+
75B1+B6:% 75B1+B6:%
; ; ; ;
%&%%. 6+&
63 7&%%.25 6+&
6
1tYHOGRIOXLGRGRIUHLR
$&%%.
;  &%25 6+$
6+&     
0(1*1 (16/   &%*<
; 6+$
; *&%%.
; ; ;

;
6+' 755'  
;

6+' &%5'


&%*1
% %
%  6+&
&%97
ÆQJXORGHGLUHomR 6WHHULQJ$QJOH ;
;
3:5 *1'   6+&
  (1*1 &%97

; ;

287 
(13.   &%3. 
; &%97 6+&
6+$ $&%*1   (1*1 ; ;
;
 6+&
&%97

6+& &%*1
6+$   6+&
&%*1 &%97
;
;
6+% 
&%71
6+% 
&%71
;

6+& 
&%*1
$ 6+' %(&%%.

$
; &$1%86
6+& 
&%/*
6+& 
&%/*
6+& 
*&%<(
;

     

6+7B 

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

&KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  3$,1(/ '( 3DVVDJHP GR ¿R


,167580(1726 &RPSRQHQWH &RQHFWRUDUWLFXODomR 'HVFULomR
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &$1 %86 
7LSR &RPSRQHQWH &RQHFWRUDUWLFXODomR 'HVFULomR :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  /8=(6 '( 75$%$/+2*,526&Ï3,26
(&8 $ 3DLQHO GH LQVWUXPHQWRV $',& ,&8 GH H[LELomR DYDQoDGD 
,QWHUUXSWRU 6 )LOWUR GH DU GR PRWRU :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  /Æ03$'$6 75$6(,5$63$5$'$
,QWHUUXSWRU 6 75$160,6625 '$ 7(03(5$785$ '2 Ï/(2 '$ /Æ03$'$6 '( 75$%$/+2 
75$160,66­2 :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &$1 %86  
,QWHUUXSWRU 6 )LOWUR KLGURVWiWLFR GD WUDQVPLVVmR :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  ,17(5583725 '$ 7'3 ( /Æ03$'$
,QWHUUXSWRU 6 ,QWHUUXSWRU GH FDUJD KLGUiXOLFD EDL[D 
&RQHFWRU ; ; :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  3$57,'$ ( &$5*$ &20 2 ,62/$'25
&RQHFWRU ; ; 3DLQHO GH LQVWUXPHQWRV GH PRQLWRUDPHQWR DYDQoDGR 
$',& ,&8 &1 :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &$1 %86 
&RQHFWRU ; ; 7 &21(&725 '2 &+,&27( '( (;7(16­2 :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/( '( 327Ç1&,$ 
&RQHFWRU ; ; 02725  :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  3$57,'$ ( &$5*$ &20 2 ,62/$'25
&RQHFWRU ; ; 3$,1(/ '( ,17(5583725(6 
&RQHFWRU ; ; 385,),&$'25 '( $5  :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  (&8 '2 02725 
&RQHFWRU ; ; 385,),&$'25 '( $5 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  -2<67,&. 
&RQHFWRU ; ; ,17(5583725 '( &$5*$ +,'5È8/,&$ %$,;$ :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  3$57,'$ ( &$5*$ &20 2 ,62/$'25
&RQHFWRU ; ; 75$160,6625 '$ 7(03(5$785$ '2 Ï/(2 '$ 
75$160,66­2 :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &$1 %86 
&RQHFWRU ; ; ,17(5583725 '( &$5*$ +,'5È8/,&$ %$,;$ :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2
&RQHFWRU ; ; ),/752 +,'5È8/,&2 +3/ (1783,'2 ,17(5583725 '( 
9È&82

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

     

' $ '


$',&,&8

6+& 
*&%*1
6+& 
=&%*1
6+& 
&%%/
 6+$
; &%5'
6+$ 
&%<( ;


6+$ =&%71

6+% 
=&%:+
6+$ 
3&%:+
6+& 
&%<(

6+% 
& 6
&%:+
&
,QWHUUXSWRUGHFDUJDKLGURVWiWLFDEDL[D ;
  
755'
;
6 75B1+B6:%
,QWHUUXSWRUGHFDUJDKLGURVWiWLFDEDL[D
   ;

755'   &%5'
; $',&
; 75B1+B/:% ; ,&8
;

  &%/*
;

6+% (1%5   $&%%5


; 

6+' 
&%3.

% %
;

  &%/%
6
)LOWURGHDUGRPRWRU
6+$     
-%(1%. (16/   &%*<
; ;


  &%*1
;

6
)LOWURKLGURVWiWLFRGDWUDQVPLVVmR
6+$ %   $ ; 
(975%. $75%5   &%%5
75B1+B/:%
; ;
6 ;
75$160,6625'(7(03'2Ï/(2'$75$160,66­2
   
$75%5 75%5
$ 75B1+B6:% ; ;
75B1+B6:% $
6+% 
&%*1

;

     

6+7B 

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

&KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  $32,2 '( %5$d2 3DVVDJHP GR ¿R


7 &RPSRQHQWH &RQHFWRUDUWLFXODomR 'HVFULomR
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2
7LSR &RPSRQHQWH &RQHFWRUDUWLFXODomR 'HVFULomR 
(&8 $ $SRLR GH EUDoR 7 :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2
7HUUD *1'  ('& 
0RWRU 0 0RWRU GH DMXVWH GR DSRLR GH EUDoR :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2
5HVLVWRU 5(6 5HVLVWRU 
,QWHUUXSWRU 6 ,QWHUUXSWRU GR DMXVWH GR DSRLR GH EUDoR :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  ,17(5583725 '$ 7'3 ( /Æ03$'$
,QWHUUXSWRU 6: ,QWHUUXSWRU 
&RQHFWRU ; ; $32,2 '( %5$d2  :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )$5Ï,6/8=(6 '( 75$%$/+2 '2
&RQHFWRU ; ; 8QLGDGH GH FRQWUROH FHQWUDO &&8 &1% &$3Ð 
&RQHFWRU ; ; :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2
&RQHFWRU ; ;

&RQHFWRU ; ;
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2
&RQHFWRU ; ;

&RQHFWRU ; ;

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

     
;
$
6+& &%5' & &
$SRLRGHEUDoR7

6+$ 
%&%*< $ $ %5

6+& 
%&%*< % % 353

' 6+& &%25 & & %.



'
6+& 
)&%*1 % % %.
; ;

& &

*1
;
 

 
;
,QWHUUXSWRUGHVYLDGRU
*1

  $&(/(5$'250$18$/
%.

;

 ,1 287  &21752/(6('& 0286(


%5
6 3$,1(/('&
; ;
,QWHUUXSWRUGRDMXVWHGRDSRLRGHEUDoR
0 &Æ0%,2'(0$5&+$
63
% 0RWRUGHDMXVWHGRDSRLRGHEUDoR 
*1 /Æ03$'$6'($'9(57Ç1&,$
%
;
  
$ 0 % *1   *1 -2<67,&.'$&$1
 ,17(5583725+76
; ; %. 63


%.

%.   %.
;

; *1
;

; 
6+% &%71 $ $ *1
3,1

6+' &%%/ $ $ ; :+ 3,1

$ $




;

     

6+7B 

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

&KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  $32,2 '( %5$d2 3DVVDJHP GR ¿R


7LSR &RPSRQHQWH &RQHFWRUDUWLFXODomR 'HVFULomR &RPSRQHQWH &RQHFWRUDUWLFXODomR 'HVFULomR
(&8 $ $SRLR GH EUDoR 7 :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2
/kPSDGD ( 'LRGR 
/kPSDGD ( 'LRGR :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2
/kPSDGD ( 'LRGR 
/kPSDGD ( 'LRGR :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  ,17(5583725 '$ 7'3 ( /Æ03$'$
/kPSDGD ( 'LRGR 
/kPSDGD ( 'LRGR :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2
/kPSDGD ( 'LRGR 
/kPSDGD ( 'LRGR :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2
/kPSDGD ( 'LRGR  ('& 
/kPSDGD ( 'LRGR :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  ,17(5583725 '$ 7'3 ( /Æ03$'$
/kPSDGD ( 'LRGR 
/kPSDGD ( 'LRGR :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2
/kPSDGD ( 'LRGR 
/kPSDGD ( 'LRGR
/kPSDGD ( &RPSRQHQWH SHUVRQDOL]DGR
/kPSDGD ( &RPSRQHQWH SHUVRQDOL]DGR
5HVLVWRU 5 &RPSRQHQWH SHUVRQDOL]DGR
5HVLVWRU 5 &RPSRQHQWH SHUVRQDOL]DGR
5HVLVWRU 5 &RPSRQHQWH SHUVRQDOL]DGR
5HVLVWRU 5 &RPSRQHQWH SHUVRQDOL]DGR
5HVLVWRU 5 &RPSRQHQWH SHUVRQDOL]DGR
5HVLVWRU 5 &RPSRQHQWH SHUVRQDOL]DGR
,QWHUUXSWRU 6 &RPSRQHQWH SHUVRQDOL]DGR
,QWHUUXSWRU 6 &RPSRQHQWH SHUVRQDOL]DGR
,QWHUUXSWRU 6 &RPSRQHQWH SHUVRQDOL]DGR
,QWHUUXSWRU 6 ,QWHUUXSWRU
,QWHUUXSWRU 6 ,QWHUUXSWRU
,QWHUUXSWRU 6 ,QWHUUXSWRU
,QWHUUXSWRU 6 ,QWHUUXSWRU
,QWHUUXSWRU 6 ,QWHUUXSWRU
,QWHUUXSWRU 6 ,QWHUUXSWRU
,QWHUUXSWRU 6: ,QWHUUXSWRU
,QWHUUXSWRU 6: ,QWHUUXSWRU
,QWHUUXSWRU 6: ,QWHUUXSWRU
&RQHFWRU ; ; $32,2 '( %5$d2 
&RQHFWRU ; ; 8QLGDGH GH FRQWUROH FHQWUDO &&8 &1%
&RQHFWRU ; ;
&RQHFWRU ; ;
&RQHFWRU ; ;
&RQHFWRU ; ;
&RQHFWRU ; ;
&RQHFWRU ; ;
&RQHFWRU ; ;
&RQHFWRU ; ;
&RQHFWRU ; ;
&RQHFWRU ; ;
&RQHFWRU ; ;
&RQHFWRU ; ;
&RQHFWRU ; ;

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

     

$
$SRLRGHEUDoR7

 

 
6
 (
;
;   
6+% '&%%. % % %5

'   
'
6 
;
6+% 
%&%*< $ $ 3.  
6+%  
%&%/% % % 25
     
6+% &%71 % % 3.
 

;
6+% 
&%71 % % 3.
6+'  
&%/% % % 25
;
6+% &%3.  
% % 25
;
6
;


5 

3:5 *1'  


6$Ë'$ 
&  &
;
=
6$Ë'$  /kPSDGDVHGD(+5
 

 
&$1(+5 5  

3:5 *1'    &$1(+5


 
6$Ë'$   

 

6$Ë'$  ; ; =


5 /kPSDGDVHGD(+5
;  
 
3:5 *1' 
  
 
6$Ë'$ 
  
 

5
% %
6$Ë'$  

3:5 *1'  ;


=
;
/kPSDGDVHGD(+5
 
6$Ë'$   

 
 
6$Ë'$ 
 
;  

 
5
;
3:5 *1' 

6$Ë'$ 

6$Ë'$ 

5
$ 3:5 *1' 
$

6$Ë'$ 

6$Ë'$ 

;

     

6+7B 

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

&KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  25,(17$d­2 3DVVDJHP GR ¿R


$8720È7,&$ &RPSRQHQWH &RQHFWRUDUWLFXODomR 'HVFULomR

7LSR &RPSRQHQWH &RQHFWRUDUWLFXODomR 'HVFULomR


(&8 $ &21752/$'25 1$9 &(5(6
(&8 $ &RQHFWRU GR *36 GR WHWR
(&8 $ 5HJLVWUR GH GDGRV
6HQVRU % 3UHVVmR GD GLUHomR
6HQVRU % ÆQJXOR GH GLUHomR 6WHHULQJ $QJOH
5HOp . ,VRODGRU GD YiOYXOD VROHQRLGH %
5HOp . ,VRODGRU GD YiOYXOD VROHQRLGH $
5HOp . ,VRODGRU GD PDQLYHOD GD EDVH GR UHOp
5HVLVWRU 5(6 5HVLVWRU
,QWHUUXSWRU 6 ,QWHUUXSWRU GH FRQWUROH
&RQHFWRU ; ; 8QLGDGH GH FRQWUROH FHQWUDO &&8 &1
&RQHFWRU ; ; 6(1625 '( ',5(d­2
&RQHFWRU ; ;
&RQHFWRU ; ; 9,5$5 3$5$ $ ',5(,7$ 3$57( 683(5,25
&RQHFWRU ; ; 9,5$5 3$5$ $ (648(5'$ 3$57( ,1)(5,25
&RQHFWRU ; ; 6(1625 '( 35(66­2 '$ ',5(d­2
&RQHFWRU ; ;
&RQHFWRU ; ;
&RQHFWRU ; ; ,62/$0(172 &2/(725
&RQHFWRU ; ;
&RQHFWRU ; ;
&RQHFWRU ; ;
&RQHFWRU ; ;
&RQHFWRU ; ;
&RQHFWRU ; ;
&RQHFWRU ; ;
&RQHFWRU ; ;
&RQHFWRU ; ;
&RQHFWRU ; ;
&RQHFWRU ; ;
&RQHFWRU ; ;
6ROHQRLGH < 6ROHQRLGH GH GHVFDUJD GD RULHQWDomR DXWRPiWLFD
6ROHQRLGH < 6ROHQRLGH GH GHVFDUJD GD RULHQWDomR DXWRPiWLFD
6ROHQRLGH < 6ROHQRLGH GH GHVFDUJD GD RULHQWDomR DXWRPiWLFD

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

     

$
&RQHFWRUGR*36GRWHWR
.
,VRODGRUGDPDQLYHODGDEDVHGRUHOp ;

; %5   %5
 
  :+
  
%.   %.

%5
 
$ &$1%86
  &RQWURODGRU&(5(6
' ;

$
$
'
;
 
; 6/   6/
&%:+

;

 ; 
71   71

 
:+   :+
;
;
% 
$*3.   *1 
;

ÆQJXORGHGLUHomR 6WHHULQJ$QJOH <(   <(
;
6+$

 ; ;
 3:5 *1' $*%/ 
  3
%.
%5

; 
287 $*<( 
  3.

% ; &$1%86


3UHVVmRGDGLUHomR
&(5(6 $
% 3:5 *1' $  5HJLVWURGHGDGRV
$*%/   25
63
& ; 
%. %.
 &
287 & $*<( 
  25
63
 
;

:+ :+
$*3.   25
; 63
 
6/ 6/
;
63
 
63 
71 %5
%5 %5
6 63
 
%5 <( <(
,QWHUUXSWRUGHFRQWUROH ;
;

 
63
%. &%25 6+&

 6+&
 
&%25

%5
 63 ;
 . 
%5 %5
;
;
,VRODGRUGDYiOYXODVROHQRLGH$ ;
  <
%. %5
%  

25
 ; ;
6ROHQRLGHGHGHVFDUJD$* %
   ,1 287 
  25   $*25
 ;
; $ ; ;
  25   $*=%.
*36
%.

; ;

.
,VRODGRUGDYiOYXODVROHQRLGH%
  
%. 25
 

  %5
 ;
; $ <
; 6ROHQRLGHGHGHVFDUJD$*
  ,1 287 
25   $*25
<
;
6ROHQRLGHGHGHVFDUJD$*
;
   ,1 287 
 %. 25   $*25

; ; ; ; ;

$ 25   $*25 $
25   $*25
;

     

6+7B 

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

&KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  6,67(0$ '$ &$1 3DVVDJHP GR ¿R


7LSR &RPSRQHQWH &RQHFWRUDUWLFXODomR 'HVFULomR &RPSRQHQWH &RQHFWRUDUWLFXODomR 'HVFULomR
(&8 $ $SRLR GH EUDoR 7 :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2
(&8 $ 9iOYXOD UHPRWD HOHWURKLGUiXOLFD PHFkQLFD (+5   ('& 
(&8 $ 9iOYXOD UHPRWD HOHWURKLGUiXOLFD (+5  :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )86Ë9(,6  
(&8 $ 9iOYXOD UHPRWD HOHWURKLGUiXOLFD (+5  :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/( '( 327Ç1&,$ 
(&8 $ 9iOYXOD UHPRWD HOHWURKLGUiXOLFD (+5 
(&8 $ 9iOYXOD UHPRWD HOHWURKLGUiXOLFD (+5 
(&8 $ 9iOYXOD UHPRWD HOHWURKLGUiXOLFD (+5  9iOYXOD UHPRWD
HOHWURKLGUiXOLFD PHFkQLFD 
(&8 $ 9iOYXOD UHPRWD HOHWURKLGUiXOLFD PHFkQLFD (+5 
(&8 $ 9iOYXOD UHPRWD HOHWURKLGUiXOLFD PHFkQLFD  9iOYXOD UHPRWD
HOHWURKLGUiXOLFD (+5 
7HUUD *1'
5HOp . %ORTXHLR GD YiOYXOD UHPRWD HOHWURKLGUiXOLFD (+5
&RQHFWRU ; ; 7 &21(&725 '2 &+,&27( '( (;7(16­2
&RQHFWRU ; ; ) 5 ( 5 ' 5 & 5 %  $ 5
&RQHFWRU ;B ;B
&RQHFWRU ; ;
&RQHFWRU ; ;
&RQHFWRU ; ;
&RQHFWRU ; ;
&RQHFWRU ; ;
&RQHFWRU ; ; 7(55$ 9iOYXODV UHPRWDV HOHWURKLGUiXOLFDV (+5
&RQHFWRU ; ; ,QWHUUXSWRU GH EORTXHLR GDV YiOYXODV UHPRWDV HOHWURKLGUiXOLFDV
(+5
&RQHFWRU ; ;
&RQHFWRU ; ;
&RQHFWRU ; ;
&RQHFWRU ; ;

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

     

$
0(+5


%.

6/

' ;
'
$
0(+5
;B 63

; )075%.   %. %.
 63

)75*<   6/ 6/
;B
;

$
0(+5(+5


6/

%.
;

$
(+50(+5


6/
& &

%.
;

$
(+5

6/ 


%.
;

$
$SRLRGHEUDoR7


6/

%.
63 ;
$
% (+5 %

%.

6/

. ;
%ORTXHLR(+5
$ $
$  (+5
6+% )&%3.  ;
$
&%*<  
63 
  ; %.
6+% $ $
*+&%%.

6/
; ;
;

6+$ &%*<

$
(+5
$ $

%.
6/ 

;

     

6+7B 

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

&KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/( '( 3DVVDJHP GR ¿R


&/,0$ $8720È7,&2 &RPSRQHQWH &RQHFWRUDUWLFXODomR 'HVFULomR
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  ',675,%8,d­2 '( (1(5*,$ 
7LSR &RPSRQHQWH &RQHFWRUDUWLFXODomR 'HVFULomR )86Ë9(,6  
(&8 $ &RPSRQHQWH SHUVRQDOL]DGR :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/( '( 327Ç1&,$ 
(&8 $ (&8 GR FRQWUROH DXWRPiWLFR GH WHPSHUDWXUD $7& :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )86Ë9(,6  
6HQVRU % &DUJD
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/( '( 327Ç1&,$ 
6HQVRU % &DUJD
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2
6HQVRU % &DUJD

6HQVRU % &DUJD
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )86Ë9(,6  
5HOp . 0RWRU GD YHQWRLQKD
5HOp . 5HOp GD HPEUHDJHP GR DU FRQGLFLRQDGR
0RWRU 0 0RWRU
5HVLVWRU 5 5HVLVWRU
5HVLVWRU 5 5HVLVWRU
5HVLVWRU 5 5HVLVWRU
5HVLVWRU 5 6HQVRU
5HVLVWRU 5(6 5HVLVWRU
,QWHUUXSWRU 6 ,QWHUUXSWRU GH YHORFLGDGH GR VXSHUFRPSUHVVRU
,QWHUUXSWRU 6 ,QWHUUXSWRU GR PRGR
,QWHUUXSWRU 6 6HQVRU GH SUHVVmR GR DU FRQGLFLRQDGR
,QWHUUXSWRU 6 ,QWHUUXSWRU
,QWHUUXSWRU 6: ,QWHUUXSWRU
,QWHUUXSWRU 6: ,QWHUUXSWRU
,QWHUUXSWRU 6: ,QWHUUXSWRU
,QWHUUXSWRU 6: ,QWHUUXSWRU
&RQHFWRU ; ; 02725 
&RQHFWRU ; ; 5 H 5
&RQHFWRU ; ; 0,1,)86Ë9(/ ) $ )
&RQHFWRU ; ; ) 5 ( 5 ' 5 & 5 %  $ 5
&RQHFWRU ;' ;' 7(55$ '2 &21(&725 '( $5
&RQHFWRU ; ; 9È/98/$ '$ 3È &$55(*$'(,5$ 1ž 
&RQHFWRU ; ; ,17(5583725 '( 35(66­2 '2 $5 &21',&,21$'2
&RQHFWRU ; ;
&RQHFWRU ; ; $/,0(17$d­2 '2 &21(&725 '( $5
&RQHFWRU ; ; &21752/( '2 &21(&725 '( $5
&RQHFWRU ; ;
&RQHFWRU ; ;
&RQHFWRU ; ;
&RQHFWRU ; ;
&RQHFWRU ; ;
&RQHFWRU ; ;
6ROHQRLGH < 9È/98/$ '$ 3È &$55(*$'(,5$ 1ž 
6ROHQRLGH < (PEUHDJHP GR DU FRQGLFLRQDGR
6ROHQRLGH < 5HVLVWRU

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

     

.
0RWRUGDYHQWRLQKD %.
$
%  %.
6+& &%*1 63 ; 63
 %
$&%*1 %&%*1   5' 5'
$
6+&
%   % (&8GR$7&
&-&%%. -&%*1
' &&%*1   5' 
'
; ; ; :+
6+%

5'
5'  &$1%86
63 ; 63
%. 
1=&%%.   %.
6
3$&%%.   %.
,QWHUUXSWRUGHYHORFLGDGHGRVXSHUFRPSUHVVRU
5'

;
=
0RWRUGDYHQWRLQKD
$ 
&%%.

*1
0
% 
(
*1 
3 1
%. 3 & 
3. $
%.

63 63 ;


' 
3.
)   
353
;
  
;' 5'
 5  
25
&
;
6HQVRU &
;
% $ 
%. /*
; ;
%.
63 6
,QWHUUXSWRUGRPRGR


%.
%.


; +9$&
 $&8
%5

;

%. <
(PEUHDJHPGRDUFRQGLFLRQDGR
5 6/ ;
 ,1 287 
  (1/* -&(1%. 6+$
3 1 
6/ ;
% 63 63 5 ; . ; %
3 1 %5  5HOpGDHPEUHDJHPGRDUFRQGLFLRQDGR
%. $
 %
63 63 &%*1 6+&
= % 
$WXDGRU &%/*
;
 %   %
3   &%25 &.&%%. 6+%
' $ <( 
; ;
% 3 
( 
5' & 
353 25  
) *  ;
353 ;

; ;

<( 

6
6HQVRUGHSUHVVmRGRDUFRQGLFLRQDGR
; ; ;
;  
%(1%/   %&%353   353
6+% &%<(   (1<( 

$ 6+' $$&%%5   $$(1%5   


$
$(1%/   $&%353   353
; ;
<
&%%/   ; ;
9È/98/$'$3È&$55(*$'(,5$1ž
 ,1 287 
&%%/  
;
; ;

     

6+7B 

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

&KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/( '( 3DVVDJHP GR ¿R


&/,0$ 0$18$/ &RPSRQHQWH &RQHFWRUDUWLFXODomR 'HVFULomR
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/( '( 327Ç1&,$ 
7LSR &RPSRQHQWH &RQHFWRUDUWLFXODomR 'HVFULomR :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/( '( 327Ç1&,$ 
(&8 $ &21752/$'25 '$ 75$160,66­2 ;&0 )36636 5'5% :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  /8=(6 '( 75$%$/+2*,526&Ï3,26
5HOp . 5HOp GD HPEUHDJHP GR DU FRQGLFLRQDGR 
0RWRU 0 0RWRU GD YHQWRLQKD :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )$5Ï,6/8=(6 '( 75$%$/+2 '2
5HVLVWRU 5(6 5HVLVWRU
&$3Ð 
,QWHUUXSWRU 6 ,QWHUUXSWRU GH YHORFLGDGH GR VXSHUFRPSUHVVRU
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/( '( 327Ç1&,$ 
,QWHUUXSWRU 6 ,QWHUUXSWRU GR PRGR
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/( '( 327Ç1&,$ 
,QWHUUXSWRU 6 6HQVRU GH SUHVVmR GR DU FRQGLFLRQDGR
,QWHUUXSWRU 6 ,QWHUUXSWRU GR DU FRQGLFLRQDGR
,QWHUUXSWRU 6: ,QWHUUXSWRU
,QWHUUXSWRU 6: ,QWHUUXSWRU
,QWHUUXSWRU 6: ,QWHUUXSWRU
&RQHFWRU ; ; 02725 
&RQHFWRU ; ; ) 5 ( 5 ' 5 & 5 % 5 $ 5
&RQHFWRU ; ; ) 5 ( 5 ' 5 & 5 %  $ 5
&RQHFWRU ; ; 81,'$'( '( &21752/( &(175$/ &&8 &1$
&RQHFWRU ; ; ,17(5583725 '( 35(66­2 '2 $5 &21',&,21$'2
&RQHFWRU ; ;
&RQHFWRU ; ; $/,0(17$d­2 '2 &21(&725 '( $5
&RQHFWRU ; ; &21752/( '2 &21(&725 '( $5
&RQHFWRU ; ;
&RQHFWRU ; ;
&RQHFWRU ; ;
&RQHFWRU ; ;
6ROHQRLGH < (PEUHDJHP GR DU FRQGLFLRQDGR

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

     

' 63 '


$)&%%/

63
$'&%%/

6 0
6+& $(&%%/ ,QWHUUXSWRUGHYHORFLGDGHGRVXSHUFRPSUHVVRU 0RWRUGDYHQWRLQKD

6+% $-&%%/ $  
*1
63 ;
63 %
3.
 ;
3ODQLOKD (
*1 *1   5' 5' & 
3.
;
' 
*1   5' *1
;
) ;

;

& &

*1 %.

63 ; 63


%. %.   %.
6
,QWHUUXSWRUGRPRGR %.   %.
;


6
 ,QWHUUXSWRUGRDUFRQGLFLRQDGR
    
353
;
; ; ;

<
(PEUHDJHPGRDUFRQGLFLRQDGR
% %
;   3ODQLOKD
  (1/* %.
;
; ;

.
$ 5HOpGDHPEUHDJHPGRDUFRQGLFLRQDGR
&21752/$'25'$75$160,66­2;&0)36636 5'5% $
 3ODQLOKD
%
 6 %  *1
&%25 6+%
6HQVRUGHSUHVVmRGRDUFRQGLFLRQDGR &%/*
; ;
 ; %   % 3ODQLOKD


; 353   %&%%/   353   &%25 %.
 ;
&%<(   <(
; ;
;

 
  %5 38   $&%%/   353
; ; ;
; ;

6+% -<&%%.   -<(1%. 6+$

6+% -=&%%.   -=(1%. 6+$

$ $

     

6+7B 

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

&KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  (63(/+26 3DVVDJHP GR ¿R


$48(&,'26 &RPSRQHQWH &RQHFWRUDUWLFXODomR 'HVFULomR
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )86Ë9(,6  
7LSR &RPSRQHQWH &RQHFWRUDUWLFXODomR 'HVFULomR :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  ,17(5583725 '( 6(/(d­2 '$
(&8 $ &RQWUROH GR HVSHOKR (+5 
0RWRU 0 0RWRU :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  ,17(5583725 '$ 7'3 ( /Æ03$'$
0RWRU 0 0RWRU 
0RWRU 0 0RWRU
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/( '( 327Ç1&,$ 
0RWRU 0 0RWRU
5HVLVWRU 5(6 5HVLVWRU :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  ,17(5583725 '( 6(/(d­2 '$
5HVLVWRU 5(6 5HVLVWRU (+5 
5HVLVWRU 5(6 5HVLVWRU :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  ,17(5583725 '( 6(/(d­2 '$
,QWHUUXSWRU 6 ,QWHUUXSWRU GH HVSHOKR DTXHFLGR (+5 
,QWHUUXSWRU 6: ,QWHUUXSWRU :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  ,17(5583725 '$ 7'3 ( /Æ03$'$
&RQHFWRU ;& ;& 7(55$ 
&RQHFWRU ; ; :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2
&RQHFWRU ; ;  ('& 
&RQHFWRU ; ; :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  ,17(5583725 '$ 7'3 ( /Æ03$'$
&RQHFWRU ; ; 
&RQHFWRU ; ; ,17(5583725 '2 (63(/+2 $48(&,'2 :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  ,17(5583725 '$ 7'3 ( /Æ03$'$

:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  ,17(5583725 '$ 7'3 ( /Æ03$'$

:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2

:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  ,17(5583725 '( 6(/(d­2 '$
(+5 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  ,17(5583725 '( 6(/(d­2 '$
(+5 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  ,17(5583725 '( 6(/(d­2 '$
(+5 

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

     

' $ '


&RQWUROHGRHVSHOKR

 6+%
%.
6+% 5%&%%.
6+% 5&&%%. =
(VSHOKRHOpWULFRGRODGRHVTXHUGR
6+$ 3<&%%.
6+% 3;&%%.  
63 25
6+% 39&%%. 3:&%%.
6+& 5'&%%.  
<(
6+% 3=&%%.

6+% 5$&%%.

  6+%
%.
& ; ; &
;

5'
*1
6+' 
&&%5' % % 5'
;
;
6
,QWHUUXSWRUGHHVSHOKRDTXHFLGR

 
6+& 0&%5' =
(VSHOKRHOpWULFRGRODGRGLUHLWR
6+' $&%5'   6+'
&%5'  
 
*1 *1
6+& %&%5' 63
;  
; <(

 
6+$ 06&%%. 25
;

% 6+& $&%5'
;
5'
 
%. 6+$
%
& & 5'
63
; ; ;

$ $

     

6+7B 

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

&KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  7(/$ $48(&,'$ 3DVVDJHP GR ¿R


7LSR &RPSRQHQWH &RQHFWRUDUWLFXODomR 'HVFULomR &RPSRQHQWH &RQHFWRUDUWLFXODomR 'HVFULomR
'LRGR ' 'LRGR
'LRGR ' 'LRGR
5HOp . $48(&('25 '( 7(/$ 75$6(,5$ 5
5HOp . $48(&('25 '( 7(/$ )5217$/ 5
5HVLVWRU 5 $TXHFHGRU GH WHOD IURQWDO $
5HVLVWRU 5 $TXHFHGRU GH WHOD IURQWDO %
5HVLVWRU 5 $TXHFHGRU GD WHOD WUDVHLUD
5HVLVWRU 5(6 5HVLVWRU
5HVLVWRU 5(6 5HVLVWRU
,QWHUUXSWRU 6 &RQWUROH GR DTXHFHGRU GH WHOD
,QWHUUXSWRU 6: ,QWHUUXSWRU
&RQHFWRU ; ;
&RQHFWRU ; ;
&RQHFWRU ; ;
&RQHFWRU ; ;
&RQHFWRU ; ;
&RQHFWRU ; ;
&RQHFWRU ; ;
&RQHFWRU ; ;
&RQHFWRU ; ;
&RQHFWRU ; ;
&RQHFWRU ; ;

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

     

' '

6
&RQWUROHGRDTXHFHGRUGHWHOD

  %.


 %5
%5 
%5

63
 
%. %.
; ;

 ;
%.

= .
& 3RUWDIXVtYHOPD[L
$48(&('25'(7(/$75$6(,5$5
5
$TXHFHGRUGDWHODWUDVHLUD
&
0) $
    $  63
 $ %5 
; 6-
$  
<( <(   <(
0) $   $ 
   
<(   <( ;
 $ ;
; ; ;
%.

; ;
%5

%.
.
$48(&('25'(7(/$)5217$/5
$
5
% 
63 ;
$TXHFHGRUGHWHODIURQWDO$
 %  3 1 
5' 5'   5' %.
 
% %
% % ; ;
5'

; ;
63
5
$TXHFHGRUGHWHODIURQWDO%
 3 1 
  5' %.
%.

;
; ;

;


$ $

     

6+7B 

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

&KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  6248(7(6 '2 3DVVDJHP GR ¿R


,03/(0(172 &RPSRQHQWH &RQHFWRUDUWLFXODomR 'HVFULomR
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  ',675,%8,d­2 '( (1(5*,$ 
7LSR &RPSRQHQWH &RQHFWRUDUWLFXODomR 'HVFULomR )86Ë9(,6  
6DtGD GH IRUoD - 6RTXHWH GR LPSOHPHQWR WUDVHLUR :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/( '( 327Ç1&,$ 
6DtGD GH IRUoD - 6RTXHWH GH  $ :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  ',675,%8,d­2 '( (1(5*,$ 
6DtGD GH IRUoD - 6RTXHWH GH  $ )86Ë9(,6 0$;,  
6DtGD GH IRUoD - $FHQGHGRU GH FLJDUURV :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  ',675,%8,d­2 '( (1(5*,$ 
6DtGD GH IRUoD - 3ULVLRQHLURV GH DOLPHQWDomR )86Ë9(,6  
6DtGD GH IRUoD - ',$ :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  ,17(5583725 '( 6(/(d­2 '$
&RQHFWRU ; ; 02725  (+5 
&RQHFWRU ; ; 7(55$ :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  ',675,%8,d­2 '( (1(5*,$ 
&RQHFWRU ;% ;% 7(55$
)86Ë9(,6 0$;,  
&RQHFWRU ;$ ;$ 7(55$
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  ',675,%8,d­2 '( (1(5*,$ 
&RQHFWRU ;$ ;$ 720$'$ '( $/,0(17$d­2 326,7,9$ '( $
)86Ë9(,6  
&RQHFWRU ;% ;% 6248(7( '2 ,03/(0(172 75$6(,52
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )86Ë9(,6  
&RQHFWRU ; ; 6248(7( '2 ,03/(0(172 75$6(,52
&RQHFWRU ;$ ;$
&RQHFWRU ;% ;% 6248(7( '2 ,03/(0(172 1(*$7,92
&RQHFWRU ; ; 35,6,21(,526 '$ $/,0(17$d­2
&RQHFWRU ; ; $&(1'('25 '( &,*$552
&RQHFWRU ; ; $&(1'('25 '( &,*$552
&RQHFWRU ; ; 6248(7( '(  $
&RQHFWRU ; ;
&RQHFWRU ; ;
&RQHFWRU ; ;

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

     

-
' $FHQGHGRUGHFLJDUURV '
 3 1 
6+& *&%5' &$5*$
&9&%%.
;
;
 3
6+' %&%97

;

-
6RTXHWHGH$
&:&%%. 6+'
;%
 6+&
  6'5&%. 05&%%.
;%
&%%. 6+%
;$
 63
  %)36%5 &*&%%.

  %36<(
;$
;

;$


& &

&7&%%. -
6RTXHWHGH$

6+$ 
&&%<(
;

37&%%.
-
3ULVLRQHLURVGHDOLPHQWDomR
; 
  %.
;
% %
6+& 
$&%97  
;
;

-
;

6+$ +%(1%.
; 
6+$ &&%*1   (1*1

;

-
6RTXHWHGRLPSOHPHQWRWUDVHLUR
;$

6+% '&%<(   <(


6+$ %)&%%5  

6+' &5&%%.  ;$

$ $

;%
%.   %.
;%

;%


     

6+7B 

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

&KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  81,'$'( '2 3DVVDJHP GR ¿R


3,6&$3,6&$ &RPSRQHQWH &RQHFWRUDUWLFXODomR 'HVFULomR
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  ',675,%8,d­2 '( (1(5*,$ 
7LSR &RPSRQHQWH &RQHFWRUDUWLFXODomR 'HVFULomR )86Ë9(,6  
(&8 $ (&8 GR SLVFDSLVFD :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/( '( 327Ç1&,$ 
/kPSDGD ( /kPSDGD GD H[WUHPLGDGH GLUHLWD :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )86Ë9(,6  
/kPSDGD ( /kPSDGD GD H[WUHPLGDGH HVTXHUGD
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  /Æ03$'$6 75$6(,5$63$5$'$
5HOp . /kPSDGDV
/Æ03$'$6 '( 75$%$/+2 
,QWHUUXSWRU 6 ,QWHUUXSWRU GD OX] SULQFLSDO
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  ',675,%8,d­2 '( (1(5*,$ 
,QWHUUXSWRU 6 ,QWHUUXSWRU GH SHULJR
)86Ë9(,6  
,QWHUUXSWRU 6: )DURO SLVFDQWH SULQFLSDO
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  720$'$ '( 327Ç1&,$ 
,QWHUUXSWRU 6: ,QGLFDGRUHV
&RQHFWRU ; ; ,17(5583725 '$ /8= 35,1&,3$/ :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/( '( 327Ç1&,$ 
&RQHFWRU ; ; ,17(5583725 '( 3(5,*2 '$ &$%,1( 35,1&,3$/ :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )86Ë9(,6  
&RQHFWRU ; ; 5 H 5 :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )86Ë9(,6  
&RQHFWRU ; ; (&8 '2 3,6&$3,6&$ :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )$5Ï,6/8=(6 '( 75$%$/+2 '2
&RQHFWRU ; ; 0,1,)86Ë9(/ ) $ ) &$3Ð 
&RQHFWRU ; ; ,17(5583725 '( 3(5,*2 :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  75$,/(5 
&RQHFWRU ; ; )$5Ï,6 $',&,21$,6 12 7(72 :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  75$,/(5 
&RQHFWRU ; ; /Æ03$'$ '$ (;75(0,'$'( (648(5'$ :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  3$,1(/ '( ,167580(1726 
&RQHFWRU ; ; /Æ03$'$ '$ (;75(0,'$'( ',5(,7$ :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/( '( 327Ç1&,$ 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  3$,1(/ '( ,167580(1726 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  /8=(6 '( 75$%$/+2*,526&Ï3,26

:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  /$7(5$/ &2162/( ( /Æ03$'$6
'$ 3/$&$ '( /,&(1d$ 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  3$57,'$ ( &$5*$ &20 2 ,62/$'25

:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  3$,1(/ '( ,167580(1726 

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

     

$
(&8GRSLVFDSLVFD
63
' 6+' &%*1 $&%*1
$ $
&%/* 6+% '
%
%&%*1
63 $ 6+&
&%71
6+$ $
$&%*1 %&%*1
;
$ 6+%
  &&%*1 &%71
;
$ 6+&
&%/*
&%*1

$ 6+$
&%/*

6
,QWHUUXSWRUGDOX]SULQFLSDO %
&%/* 6+$
 %
&%*1
 %&%*1 6+%
% 6+$
 %
&%*1 &%*1
&%*1 63
& 6+& '&%%/  ; %
&%*1 6+$ &

6+& 
&&%%/
6+& $&%%5 (
 /kPSDGDGDH[WUHPLGDGHGLUHLWD
. &&%5'
/kPSDGDV  &  3 1  6+&
$ $&%*1 05&%%.
%  
6+% &%%5 
% ; ;

%   %
(
%&&%%. 6+% ;
/kPSDGDGDH[WUHPLGDGHHVTXHUGD
; ;
&  3 1  6+&
$&%*1 &%%.
6+& &%97 ; ;

% $$&%%5 %
6 %
,QWHUUXSWRUGHSHULJR %*&%%. 6+&
63 ; ;
 % ;
287 ,1 
6+& %&%%5 &%97   %'+$%'97 $+$$*1   $&%*1
%)+$%)%.  
1 3
6+& %)&%%.   +$*1   &%*1
; ; $
; ;

6+& &
&%/*
$ ; $

     

6+7B 

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

&KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  /8=(6 '( 3DVVDJHP GR ¿R


75$%$/+2*,526&Ï3,26 &RPSRQHQWH &RQHFWRUDUWLFXODomR 'HVFULomR
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )86Ë9(,6  
7LSR &RPSRQHQWH &RQHFWRUDUWLFXODomR 'HVFULomR :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  ,17(5583725 '$ 7'3 ( /Æ03$'$
(&8 $ (&8 GD OkPSDGD GH WUDEDOKR 
/kPSDGD ( /X]HV GH WUDEDOKR GLDQWHLUDV VXSHULRUHV GR ODGR HVTXHUGR :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  3$,1(/ '( ,167580(1726 
/kPSDGD ( /X]HV GH WUDEDOKR HVTXHUGDV GR FRUULPmR :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  /Æ03$'$6 75$6(,5$63$5$'$
/kPSDGD ( /X]HV GH WUDEDOKR WUDVHLUDV GR ODGR HVTXHUGR /Æ03$'$6 '( 75$%$/+2 
/kPSDGD ( /X]HV GH WUDEDOKR WUDVHLUDV GR ODGR GLUHLWR :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )86Ë9(,6  
/kPSDGD ( /X]HV GH WUDEDOKR GLDQWHLUDV VXSHULRUHV GR ODGR GLUHLWR
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/( '( 327Ç1&,$ 
/kPSDGD ( /X]HV GH WUDEDOKR GLDQWHLUDV GR ODGR GLUHLWR
/kPSDGD ( *LURVFySLR GR ODGR HVTXHUGR :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/( '( &/,0$ 0$18$/

/kPSDGD ( *LURVFySLR GR ODGR GLUHLWR
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )86Ë9(,6  
5HOp . (&8 '$ /8= '( 75$%$/+2 IDURO EDL[R
&RQHFWRU ; ; 5 H 5 :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )86Ë9(,6  
&RQHFWRU ; ; 0,1,)86Ë9(/ ) $ ) :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )86Ë9(,6  
&RQHFWRU ; ; :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  ',675,%8,d­2 '( (1(5*,$ 
&RQHFWRU ; ; )86Ë9(,6  
&RQHFWRU ; ; :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )$5Ï,6/8=(6 '( 75$%$/+2 '2
&RQHFWRU ; ; &$3Ð 
&RQHFWRU ; ; :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )86Ë9(,6  
&RQHFWRU ; ; :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  81,'$'( '2 3,6&$3,6&$ 
&RQHFWRU ; ;
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  5È',2 
&RQHFWRU ; ;
&RQHFWRU ; ;
&RQHFWRU ; ;
&RQHFWRU ; ;
&RQHFWRU ; ; $',&,21( $6 /Æ03$'$6 '( )$5Ï,6 12 7(72

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

     

$
6+& <( (&8GDOkPSDGDGHWUDEDOKR
; % % ;
6+& $&%97 & & 3 3 5' % % &%5' 6+&
' 63 &
'
5' % % &%5' 6+'
;
(
&
/X]GHWUDEDOKRGRFRUULPmRHVTXHUGD
6+$ $&%97 % % 3
%  3 1  6+&
5' %.
; ;
(
63
/X]GHWUDEDOKRGLDQWHLUDGLUHLWD
6+% &
'&%*1 $ $ *1 *1 %  3 1 
5' %.
&
*1 ; ;
(
/X]GHWUDEDOKRWUDVHLUDGLUHLWD
63
&  3 1 
*1 *1 %.
6+$ &
%&%97 % % 3 ; ;
(
/X]GHWUDEDOKRWUDVHLUDHVTXHUGD

& *1
 3 1 
%. 6+& &
6+' &%97 $ $ 3 %
;
; ( ;
; /X]GHWUDEDOKRGLDQWHLUDVXSHULRUHVTXHUGD
63
6+& % $ 3 1 % 6+&
&&%%/ :+ %.
; ;
(
/X]GHWUDEDOKRGLDQWHLUDVXSHULRUGLUHLWD
% $ 3 1 %
:+ %.
; ;
= (
%ORFRGHGLRGR *LURVFySLRGRODGRHVTXHUGR
63
9 &  3 1 
;  3 1 
3 3 %.
  $$&%%/ $-&%%/ 6+&
; ; ;
9 9 ( %. 6+%
*LURVFySLRGRODGRGLUHLWR
%. 6+&

% %
 3 1  6+$
3 %. %.
; ; %. 6+%
% 6+%
%. %.
63
%. 6+%
&
%. 6+'
;
%. 6+&
5'

63 %. 6+%


%.

$&%5'

63
%&%5' &%5' 6+&
63
;
.
& & %. 6+$
(&8GDOX]GHWUDEDOKR IDUROEDL[R ;

$ %$
&%*1 6+$ 63
%   ;
6+$ $&%:+  % $+&%5'

%   %
6+& &%<( &3&%%. 6+&
$ $
; ;

63 63
$*&%5' $)&%5'

     

6+7B 

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

&KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  /$7(5$/ 3DVVDJHP GR ¿R


&2162/( ( /Æ03$'$6 '$ 3/$&$ '( /,&(1d$ &RPSRQHQWH &RQHFWRUDUWLFXODomR 'HVFULomR
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  5È',2 
7LSR &RPSRQHQWH &RQHFWRUDUWLFXODomR 'HVFULomR :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  81,'$'( '2 3,6&$3,6&$ 
/kPSDGD ( /X] GR FRQVROH GLUHLWD :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )86Ë9(,6  
/kPSDGD ( /kPSDGD ODWHUDO GLUHLWD GR FRUULPmR
/kPSDGD ( /kPSDGD ODWHUDO GR FRUULPmR HVTXHUGD
/kPSDGD ( 3ODFD GH OLFHQoD GLUHLWD
/kPSDGD ( 3ODFD GH OLFHQoD GLUHLWD
/kPSDGD ( 3ODFD GH OLFHQoD HVTXHUGD
&RQHFWRU ; ;
&RQHFWRU ; ;
&RQHFWRU ; ;
&RQHFWRU ; ;
&RQHFWRU ; ;
&RQHFWRU ; ;
&RQHFWRU ; ;
&RQHFWRU ; ;
&RQHFWRU ; ;

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

     

' '

(
/kPSDGDODWHUDOGRFRUULPmRHVTXHUGD
;  /
6+& &%/* & & *1 63
*1' 
%. %. 6+&
 /
;
5'
%. 6+'
;

6+&

%.
%.
& (
3ODFDGHOLFHQoDGLUHLWD
&
63 %. 6+&
6+&  3 1 
'&%5' & & 5' 5' %.
; ;


;

(
3ODFDGHOLFHQoDGLUHLWD
 3 1  6+%
5' %.
; ;

(
3ODFDGHOLFHQoDHVTXHUGD
 3 1  6+%
5' %.
; ;
(
% /kPSDGDODWHUDOGLUHLWDGRFRUULPmR %
6+'  /
&%/* % % *1
*1' 
%. 6+%
63
6+'  /
%&%5' % % 5' 5' ;
;
;
6+% 25 (
/X]GRFRQVROHGLUHLWD
 3 1  6+%
5' %.
; ;

$ $

     

6+7B 

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

&KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  -2<67,&. 3DVVDJHP GR ¿R


7LSR &RPSRQHQWH &RQHFWRUDUWLFXODomR 'HVFULomR &RPSRQHQWH &RQHFWRUDUWLFXODomR 'HVFULomR
(&8 $ 3$,1(/ '( ,17(5583725(6 :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  720$'$ '( 327Ç1&,$ 
(&8 $ -2<67,&. :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  720$'$ '( 327Ç1&,$ 
&RQHFWRU ; ; 3$,1(/ '( ,17(5583725(6 :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )86Ë9(,6  
&RQHFWRU ; ; -2<67,&.
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &$1 (+5 
&RQHFWRU ; ; 8QLGDGH GH FRQWUROH DX[LOLDU $&8 &1%
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  720$'$ '( 327Ç1&,$ 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2

:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  720$'$ '( 327Ç1&,$ 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  720$'$ '( 327Ç1&,$ 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/( '( 327Ç1&,$ 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  81,'$'( '( &21752/( $8;,/,$5

:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  $/$9$1&$6 (+5 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  81,'$'( '( &21752/( $8;,/,$5

:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  3È &$55(*$'(,5$ ( 5(9(562

:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  3È &$55(*$'(,5$ ( 5(9(562

:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  720$'$ '( 327Ç1&,$ 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  720$'$ '( 327Ç1&,$ 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  720$'$ '( 327Ç1&,$ 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &$1 (+5 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  81,'$'( '( &21752/( $8;,/,$5

:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2

:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/( '( 327Ç1&,$ 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  3$,1(/ '( ,167580(1726 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  81,'$'( '( &21752/( $8;,/,$5


$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

     

$
3$,1(/'(,17(5583725(6

6+' $
$&%%/

6+& $ & 6+%


&%5' $&%*1

' '
6+' $
&%<(
& 6+$
$
&%%/
6+$ &%<(

6+$ $
2&%:+ &
&%25 6+$

6+$ %
&%<(

6+' % & 6+&


&%5' &%5'

6+$ %
&%%5

6+' %
&%%5
& &

& 6+&
%
&%%5
6+' &%%5

6+% %
&%%5

& 6+&
&%:+
6+$ %
&%5'

$ 6+$
%
&%5'
6+' $'&%%.

% %
$ 6+'
&%<(
6+& $
&%/* ;

;

$
-2<67,&.

6+' 
+&%%5

6+& 
&&%5'

6+& 
&&%%/

$ 6+' -6&%%.

$

6+% 
&%%/

6+% 
&%<(
;

     

6+7B 

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

&KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  ,17(5583725 3DVVDJHP GR ¿R


'$ 7'3 ( /Æ03$'$ &RPSRQHQWH &RQHFWRUDUWLFXODomR 'HVFULomR
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  81,'$'( '( &21752/( $8;,/,$5
7LSR &RPSRQHQWH &RQHFWRUDUWLFXODomR 'HVFULomR 
/kPSDGD ( /Æ03$'$ 7'3 ',$17(,5$ :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  /8=(6 '( 75$%$/+2*,526&Ï3,26
/kPSDGD ( /Æ03$'$ '$ 7'3 75$6(,5$ 
5HOp . 5(/e '26 (63(/+26 $48(&,'26 :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )86Ë9(,6  
5HOp . 5(/e '$ 6((8 +20( :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2
,QWHUUXSWRU 6 ,17(5583725 '$ 7'3 ',$17(,5$ 
,QWHUUXSWRU 6 &21(&725 '2* :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  (63(/+26 $48(&,'26 
,QWHUUXSWRU 6 &21(&725 ',2'2 :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &$1 %86  
,QWHUUXSWRU 6 $&(/(5$'25 0$18$/ :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )86Ë9(,6  
,QWHUUXSWRU 6 $/$9$1&$ '( 08'$1d$ '( 0$5&+$ :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  /Æ03$'$6 75$6(,5$63$5$'$
&RQHFWRU ; ; &21(&725 ',2'2 /Æ03$'$6 '( 75$%$/+2 
&RQHFWRU ; ; &21(&725 ',2'2 :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &$1 %86  
&RQHFWRU ; ; &21(&725 '2 3$,1(/ '( (1*5(1$*(16 '2* :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &$1 %86  
&RQHFWRU ; ; $&(/(5$'25 0$18$/ :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  (63(/+26 $48(&,'26 
&RQHFWRU ; ; $/$9$1&$ '( 08'$1d$ '( 0$5&+$ :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/( '( 327Ç1&,$ 
&RQHFWRU ; ; /Æ03$'$ 7'3 ',$17(,5$ :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2
&RQHFWRU ; ; /Æ03$'$ 7'3 ',$17(,5$ 
&RQHFWRU ; ; ,17(5583725 '$ 7'3 ',$17(,5$ :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2
&RQHFWRU ; ; /Æ03$'$ '$ 7'3 75$6(,5$ 
&RQHFWRU ; ; /Æ03$'$ '$ 7'3 75$6(,5$ :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2
&RQHFWRU ; ; 8QLGDGH GH FRQWUROH DX[LOLDU $&8 &1% 
&RQHFWRU ; ; 5(/e '( (63(/+26 $48(&,'26 :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  $32,2 '( %5$d2 7 
&RQHFWRU ; ; 5(/e '$ 6((8 +20( :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/( '( 327Ç1&,$ 
&RQHFWRU ; ; 23d­2 '( 08/7, &21752/( :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  3$,1(/ '( ,167580(1726 
&RQHFWRU ; ; :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2

:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  $32,2 '( %5$d2 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  (63(/+26 $48(&,'26 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &$1 %86  
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  3È &$55(*$'(,5$ ( 5(9(562

:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )$5Ï,6/8=(6 '( 75$%$/+2 '2
&$3Ð 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )$5Ï,6/8=(6 '( 75$%$/+2 '2
&$3Ð 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )86Ë9(,6  
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  /Æ03$'$6 75$6(,5$63$5$'$
/Æ03$'$6 '( 75$%$/+2 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  81,'$'( '( &21752/( $8;,/,$5

:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  /Æ03$'$6 75$6(,5$63$5$'$
/Æ03$'$6 '( 75$%$/+2 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  (63(/+26 $48(&,'26 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  (63(/+26 $48(&,'26 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2
 ('& 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  $32,2 '( %5$d2 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &$1 %86  
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &$1 %86  
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  81,'$'( '( &21752/( $8;,/,$5


$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

     

.
5(/e'26(63(/+26$48(&,'26
$ 
&&%97 6+'
' 6+% &%5'
 
 
63 '
%&%5' &%5' 6+%
   
6+' +0&%%. &%5' $&%5' 6+%
; ; &&%5' 6+&

73 73 ;


6+' .&%<(   .&%<( 6+'

6+' .&%*1   .&%*1 6+' 63 $&%5' 6+%

%&%5' 6+%
63$
73 73 73 73
6+' :&%<(   :&%<( -&%<( 6+&

63%
6+' :&%*1   :&%*1 -&%*1 6+&
;

.
5(/e'$6((8+20( $$&%%/ 6+&
6
&21(&725'2*    
63
6+$ &%5' $&&%%/ '&%%/ 6+%
& 6+$ '&%*1 $
 
&
  6+&
&%<(
6+' $
&%5' ; ;
$%&%%/

6+' &
$%&%%.
6
& $/$9$1&$'(08'$1d$'(0$5&+$

 6+&
&
'&%*1

; 
$&%*< 6+&
)&%*1
63
 6+&
$&%*< &%*<
)&%<(
%&%*< 6+'

6 
&21(&725',2'2 (&%*1 6+&

% 6+& $&%5'
 
$&%5' 6+'
%
63
 6+%
 
$&%/% &%/%
6+& %&%<( $&%<( 6+&
; %&%/% 6+'
; ;
(
/Æ03$'$7'3',$17(,5$
 3 1  6+%
&%25
63
; ;
$&%*< %&%*< 6+'
6 (&%3. 6+&
$&(/(5$'250$18$/ (
&%*< 6+&
/Æ03$'$'$7'375$6(,5$

6+&   3 1  6+&
)&%%5 $&%%5

 ; ;
*&%*1 6+$

6+% 
$&%*<
$ 6 $
6+'  ,17(5583725'$7'3',$17(,5$
'&%71 6$Ë'$ 
&%3. 6+$
 ,1
6+%  6$Ë'$  6+$
-&%%. &%3.
;
; ;

'&%3. 6+&

     

6+7B 

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

&KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )$5Ï,6/8=(6 3DVVDJHP GR ¿R


'( 75$%$/+2 '2 &$3Ð &RPSRQHQWH
:%
&RQHFWRUDUWLFXODomR 'HVFULomR
&KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/( '( 327Ç1&,$ 
7LSR &RPSRQHQWH &RQHFWRUDUWLFXODomR 'HVFULomR :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )86Ë9(,6  
/kPSDGD ( )DURO HVTXHUGR :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2
/kPSDGD ( )DURO HVTXHUGR 
/kPSDGD ( )DURO GLUHLWR :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/( '( &/,0$ 0$18$/
/kPSDGD ( )DURO HVTXHUGR 
/kPSDGD ( /X] GR FDQWR GLUHLWD :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/( '( 327Ç1&,$ 
/kPSDGD ( /X] GR FDQWR HVTXHUGD :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  81,'$'( '2 3,6&$3,6&$ 
/kPSDGD ( /X] GH WUDEDOKR GLUHLWD
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  3$57,'$ ( &$5*$ &20 2 ,62/$'25
/kPSDGD ( /X] GH WUDEDOKR HVTXHUGD 
7HUUD *1' :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  ,17(5583725 '$ 7'3 ( /Æ03$'$
$OWRIDODQWH + %X]LQD

5HOp . /kPSDGDV GR IDURO EDL[R
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/( '( 327Ç1&,$ 
5HOp . )DURO GLDQWHLUR SULQFLSDO
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  ,17(5583725 '$ 7'3 ( /Æ03$'$
5HOp . /X] GH WUDEDOKR GLDQWHLUD
,QWHUUXSWRU 6 )$52/ $8;,/,$5 
,QWHUUXSWRU 6: ,QWHUUXSWRU :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/( '( 327Ç1&,$ 
&RQHFWRU ; ; 02725  :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  /8=(6 '( 75$%$/+2*,526&Ï3,26
&RQHFWRU ; ; ) 5 ( 5 ' 5 & 5 % 5 $ 5 
&RQHFWRU ; ; 0,1,)86Ë9(/ ) $ ) :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  $32,2 '( %5$d2 7 
&RQHFWRU ; ; ) 5 ( 5 ' 5 & 5 %  $ 5 :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/( '( 327Ç1&,$ 
&RQHFWRU ; ; ,17(5583725 '2 )$52/ $8;,/,$5 :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )86Ë9(,6  
&RQHFWRU ;$ ;$ :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/( '( 327Ç1&,$ 
&RQHFWRU ; ; ,17(5583725 '2 )$52/ $8;,/,$5
&RQHFWRU ;$ ;$
&RQHFWRU ; ;
&RQHFWRU ; ;
&RQHFWRU ; ;
&RQHFWRU ; ;
&RQHFWRU ; ;
&RQHFWRU ; ;
&RQHFWRU ; ;
&RQHFWRU ; ;
&RQHFWRU ; ;
&RQHFWRU ; ; )$5Ï,6 $',&,21$,6 12 7(72
&RQHFWRU ;$ ;$ %8-­2 '( /,*$d­2
&RQHFWRU ; ;
&RQHFWRU ; ;
&RQHFWRU ; ;

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

     

(
/X]GRFDQWRHVTXHUGD
$ 3 1 % %.
3
. ; ;
/kPSDGDVGHWUDEDOKRGLDQWHLUDV (
' $ /X]GRFDQWRGLUHLWD '
6+' &%5'
)  ; 63
 ) $ 3 1 %
$&%97   $(13.   3 3 %.
; ; ;
)   )
6+% &%97 $5&%%. 6+' ; ;
(
;
; /kPSDGDGHWUDEDOKRHVTXHUGD
%.
 3 1 
63 ;
3 %. %.   -*(1%. 6+$
; ;
6+' %&%*< ( %. ;   -)(1%. 6+$

6+% /kPSDGDGHWUDEDOKRGLUHLWD
$&%*<
6+% $ 3 1 % %.
&%*< 3
; ;
%.
+
%.
%X]LQD
; ;

353
6+% &%97   (13.   3 3
; ;
; 353
&  1 &
;
. 6

;
+OkPSDGDVGHIDUROEDL[R

&
%
)$52/$8;,/,$5
$ ; ; /% &20 +%
; ;
)  
6+& $$&%%/  353   %%&%%/   %(1%/   353 63
) 
%&%%/   353 
)   ) /2: +,*+
6+& $=&%%. $(&%%/
;
6+&
)DUROHVTXHUGR
;
 (

353   %%&%%/   %(1%/   353 353
.   353 ; ; 63

+OkPSDGDVGRIDUROSULQFLSDO ;
353
;
$
;
' 
6+% &%%/ 
'
6+& 6+%

;
%&%%/ $0&%%.   $0(1%.

&
%
'   '
6+% %$&%%. 6+% $+&%%.   $+(1%. 6+%
/% &20 +%
; ; 6+% $-&%%.   $-(1%. 6+%
353
353

6+% $.&%%.   $.(1%. 6+% /2: +,*+


;
6+& &&%%/ )DUROGLUHLWR
% ( %
; ; ; 63
  $&%%/   $(1%/   353 353
;$
; 63 %.
  (&%%/   $(1%/   353 353 63
;$ ; ;

%.
353

353

;

;$



 
/% &20 +%
  $%&%%/

/2: +,*+

)DUROHVTXHUGR
(
  %&&%%/ %.
$ $
 
;


;$ /% &20 +%

/2: +,*+

)DUROHVTXHUGR
(

     

6+7B 

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

&KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  75$,/(5 3DVVDJHP GR ¿R


7LSR &RPSRQHQWH &RQHFWRUDUWLFXODomR 'HVFULomR &RPSRQHQWH &RQHFWRUDUWLFXODomR 'HVFULomR
/kPSDGD ( /8=(6 '2 0$5&$'25 :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  /Æ03$'$6 75$6(,5$63$5$'$
/kPSDGD ( 7UDLOHU /Æ03$'$6 '( 75$%$/+2 
7HUUD *1' :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  81,'$'( '2 3,6&$3,6&$ 
&RQHFWRU ; ; 7 &21(&725 '2 &+,&27( '( (;7(16­2 :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  81,'$'( '2 3,6&$3,6&$ 
&RQHFWRU ; ; (&8 '2 3,6&$3,6&$ :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )86Ë9(,6  
&RQHFWRU ;B ;B 6248(7( '2 75$,/(5 :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )86Ë9(,6  
&RQHFWRU ;B ;B 6248(7( '2 75$,/(5
&RQHFWRU ;B ;B 6248(7( '2 75$,/(5
&RQHFWRU ;B ;B 6248(7( '2 75$,/(5
&RQHFWRU ;B ;B 6248(7( '2 75$,/(5
&RQHFWRU ;B ;B 6248(7( '2 75$,/(5
&RQHFWRU ; ; 7(55$ 6248(7( '2 75$,/(5
&RQHFWRU ; ; /8=(6 '2 0$5&$'25

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

     

(
/8=(6'20$5&$'25

(75%5

'  
'
&75*1

;

&75<(

;

63

(
7UDLOHU

& &

; 75*1 /DGRHVTXHUGR/kPSDGDGRLQGLFDGRU


;B ;B
3 1
6+' &%71   %75*1 (*75:+
75*1 
:


;
%75*1 
63

75<(

%75<( 3HGDOGRIUHLR/kPSDGDGRLQGLFDGRU
;B
3 1
6+' &%71   %75<(
 :
75<(

% %
63
'75%5
3HGDOGRIUHLR/kPSDGDWUDVHLUD
;B
3 1
6+' '&%5'   )75%5
 :
'75%5

3HGDOGRIUHLR/kPSDGDGHSDUDGD
3 1

:
/DGRHVTXHUGR/kPSDGDGHSDUDGD
;B
3 1
6+& $&%*1   $755' 
:

(75%. /DGRHVTXHUGR/kPSDGDWUDVHLUD
;B 3 1
6+& (&%5'   *75%.
 :
63
$ (75%. *75%. $
;

)75%.

     

6+7B 

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

&KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  /8=(6 ,17(51$6 3DVVDJHP GR ¿R


7LSR &RPSRQHQWH &RQHFWRUDUWLFXODomR 'HVFULomR &RPSRQHQWH &RQHFWRUDUWLFXODomR 'HVFULomR
/kPSDGD ( /kPSDGD GR HVSHOKR UHWURYLVRU HVTXHUGR :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  ',675,%8,d­2 '( (1(5*,$ 
/kPSDGD ( /kPSDGD GR HVSHOKR UHWURYLVRU HVTXHUGR )86Ë9(,6  
/kPSDGD ( /kPSDGD LQWHUQD
,QWHUUXSWRU 6 ,QWHUUXSWRU GD SRUWD GLUHLWD
,QWHUUXSWRU 6 ,QWHUUXSWRU GD SRUWD HVTXHUGD
&RQHFWRU ; ;
&RQHFWRU ; ;
&RQHFWRU ; ;
&RQHFWRU ; ;
&RQHFWRU ; ;
&RQHFWRU ; ;
&RQHFWRU ; ;
&RQHFWRU ; ;

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

     

' '

(
/kPSDGDLQWHUQD

 6+&
%.
; 63
6+' 
$&%97 % % 3 3
;
; 

;
& ; &
3

3
3

3

3

3

( (
6 6
/kPSDGDGRHVSHOKRUHWURYLVRUHVTXHUGR
/kPSDGDGRHVSHOKRUHWURYLVRUHVTXHUGR
% ,QWHUUXSWRUGDSRUWDHVTXHUGD ,QWHUUXSWRUGDSRUWDGLUHLWD %
 3 1   3 1       

; ; ; ; ; ;

$ $

     

6+7B 

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

&KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  /Æ03$'$6 3DVVDJHP GR ¿R


75$6(,5$63$5$'$ /Æ03$'$6 '( 75$%$/+2 &RPSRQHQWH
:%
&RQHFWRUDUWLFXODomR 'HVFULomR
&KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/( '( 327Ç1&,$ 
7LSR &RPSRQHQWH &RQHFWRUDUWLFXODomR 'HVFULomR :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  75$,/(5 
/kPSDGD ( /kPSDGD WUDVHLUD H OX] GH SDUDGD GLUHLWDV :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2
/kPSDGD ( /kPSDGD WUDVHLUD H OX] GH SDUDGD HVTXHUGDV 
/kPSDGD ( /X] GH WUDEDOKR GR SDUDODPD HVTXHUGR :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  81,'$'( '2 3,6&$3,6&$ 
/kPSDGD ( /X] GH WUDEDOKR GR SDUDODPD GLUHLWR :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  /8=(6 '( 75$%$/+2*,526&Ï3,26
/kPSDGD ( /kPSDGD GD SODFD GH OLFHQoD 
/kPSDGD ( /kPSDGD GD SODFD GH OLFHQoD :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )86Ë9(,6  
5HOp . /X]HV GH SDUDGD
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  ,17(5583725 '$ 7'3 ( /Æ03$'$
5HOp . /X]HV GH WUDEDOKR WUDVHLUDV

,QWHUUXSWRU 6 ,QWHUUXSWRU GD OkPSDGD GH SDUDGD GLUHLWD
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  3$,1(/ '( ,167580(1726 
,QWHUUXSWRU 6 ,QWHUUXSWRU GD OkPSDGD GH SDUDGD HVTXHUGD
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )86Ë9(,6  
&RQHFWRU ; ; ,17(5583725 '$ /Æ03$'$ '( 3$5$'$ (648(5'$
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )86Ë9(,6  
&RQHFWRU ; ; ,17(5583725 '$ /Æ03$'$ '( 3$5$'$ ',5(,7$
&RQHFWRU ; ; ) 5 ( 5 ' 5 & 5 % 5 $ 5 :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/( '( 327Ç1&,$ 
&RQHFWRU ; ; &21(&725 ',2'2 :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/( '( 327Ç1&,$ 
&RQHFWRU ; ; ) 5 ( 5 ' 5 & 5 %  $ 5 :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )86Ë9(,6  
&RQHFWRU ; ; /Æ03$'$ 75$6(,5$ '2 &21(&725  '2 3$5$/$0$ :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )86Ë9(,6  
',5(,72 :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  ,17(5583725 '$ 7'3 ( /Æ03$'$
&RQHFWRU ; ; 
&RQHFWRU ; ; /8= '( 75$%$/+2
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  ,17(5583725 '$ 7'3 ( /Æ03$'$
&RQHFWRU ; ; /Æ03$'$ '$ /,&(1d$  
&RQHFWRU ; ; :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  ',675,%8,d­2 '( (1(5*,$ 
&RQHFWRU ; ; /8= 75$6(,5$ ( '( 3$5$'$
)86Ë9(,6  
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2

:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/( '( 327Ç1&,$ 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )86Ë9(,6  

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

     

6+% $&%5'

6+% %&%5'
' %&%5'
'
6+%

6
,QWHUUXSWRUGDOkPSDGDGHSDUDGDHVTXHUGD

63
6+&   6+'
%&%*1 &%5' &%<(
63
6+&   6+%
$&%*1 &%*1 %&%<(
; ;
6 6+%
,QWHUUXSWRUGDOkPSDGDGHSDUDGDGLUHLWD $&%<(

 
6+& &&%*1 &%5' 63

 $&%5' 6+%
6+& '&%*1 
. &%*1 63
/kPSDGDVGHWUDEDOKRWUDVHLUDV ; ;
$
( 
6+$ &&%*1  (
&%*1 63
&%*1

(   (
%&%*1
6+' $6&%%.
& &
; ; .
6+' &%5' /X]HVGHSDUDGD
$&%*1 $
( 
6+% &%*1 63
 (
'&%*1 $&%*1 6+$
(   (
6+% %-&%%.
&&%*1
; ;
&%*1 (
/X]GHWUDEDOKRGRSDUDODPDHVTXHUGR
;
 3 1 
  *1
(
; ;
6+& $1&%%. %.
/X]GHWUDEDOKRGRSDUDODPDGLUHLWR
  ;
(  1 3 
/kPSDGDWUDVHLUDHOX]GHSDUDGDHVTXHUGDV )(*1  

; ;

  *1

$3)($3%.   $3&%%. 6+&


% %
6+&  
%&%*1   *1
;
63
6+& 
&&%5'   5' 5'
(
%.

;
/kPSDGDWUDVHLUDHOX]GHSDUDGDGLUHLWDV
5'


)(*1  
( &%*1 6+$
/kPSDGDGDSODFDGHOLFHQoD
 63  
&%*1 6+&
)(*1   %&%*1
3 1 
%. 63
)($;%.

;
; ; 63
 6+'
$)($5' )(5'   &&%5'
;
(
6+& $:&%%.
/kPSDGDGDSODFDGHOLFHQoD
  $9%.
; 1 3 
63 $:)($:%. %)(%5'
; ;

$ $
)($9%.   $9&%%. 6+&
;

     

6+7B 

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

&KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  5È',2 3DVVDJHP GR ¿R


7LSR &RPSRQHQWH &RQHFWRUDUWLFXODomR 'HVFULomR &RPSRQHQWH &RQHFWRUDUWLFXODomR 'HVFULomR
(&8 $ 5iGLR :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  /$7(5$/ &2162/( ( /Æ03$'$6
7HUUD *1' '$ 3/$&$ '( /,&(1d$ 
$OWRIDODQWH + $OWRIDODQWH WUDVHLUR GLUHLWR :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )86Ë9(,6  
$OWRIDODQWH + $OWRIDODQWH GLDQWHLUR GLUHLWR :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  /8=(6 '( 75$%$/+2*,526&Ï3,26
$OWRIDODQWH + $OWRIDODQWH /+) 
$OWRIDODQWH + $OWRIDODQWH /+5
5HVLVWRU 5(6 5HVLVWRU
&RQHFWRU ; ; 0,1,)86Ë9(/ ) $ )
&RQHFWRU ; ;
&RQHFWRU ; ;
&RQHFWRU ; ;
&RQHFWRU ; ;
&RQHFWRU ; ;
&RQHFWRU ; ;
&RQHFWRU ; ;
&RQHFWRU ; ;

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

     

' '

$ +
5iGLR $OWRIDODQWH5+5

 
%/

 
%/
;

+
$OWRIDODQWH5+)

 
6/

& 
6/
 &
6+' 
<(
;
:
$QWHQD +
$OWRIDODQWH/+)

5'
;  
:+
*1'
 
:+
; 
6+$ &%5' & & 5' 5' ;
;
63 +
$OWRIDODQWH/+5
6+% 
25
 
; *1

 
*1
; ;

% %

 6+$
%.
;

$ $

     

6+7B 

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

&KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  /$9$'25(6 3DVVDJHP GR ¿R


/,03$'25(6 &RPSRQHQWH &RQHFWRUDUWLFXODomR 'HVFULomR
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  ',675,%8,d­2 '( (1(5*,$ 
7LSR &RPSRQHQWH &RQHFWRUDUWLFXODomR 'HVFULomR )86Ë9(,6  
'LRGR ' 'LRGR :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/( '( 327Ç1&,$ 
5HOp . H . 7(0325,=$'25 '2 /,03$'25 ',$17(,5275$6(,52 :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  ',675,%8,d­2 '( (1(5*,$ 
0RWRU 0 0RWRU GR OLPSDGRU GLDQWHLUR FDELQH
)86Ë9(,6  
0RWRU 0 0RWRU GR OLPSDGRU WUDVHLUR
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/( '( 327Ç1&,$ 
0RWRU 0 0RWRU GR ODYDGRU GLDQWHLUR
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/( '( 327Ç1&,$ 
0RWRU 0 0RWRU GR ODYDGRU WUDVHLUR
,QWHUUXSWRU 6 ,QWHUUXSWRU GR OLPSDGRU GLDQWHLUR H WUDVHLUR
,QWHUUXSWRU 6 ,QWHUUXSWRU
,QWHUUXSWRU 6: ,QWHUUXSWRU
,QWHUUXSWRU 6: ,QWHUUXSWRU
,QWHUUXSWRU 6: ,QWHUUXSWRU
,QWHUUXSWRU 6: ,QWHUUXSWRU
,QWHUUXSWRU 6: ,QWHUUXSWRU
&RQHFWRU ; ; ,17(5583725 '2 /,03$'25 ',$17(,52 ( 75$6(,52
&RQHFWRU ; ; 5 H 5
&RQHFWRU ; ; 0,1,)86Ë9(/ ) $ )
&RQHFWRU ; ;
&RQHFWRU ; ; 02725 '2 /$9$'25 75$6(,52
&RQHFWRU ; ; 02725 '2 /$9$'25 ',$17(,52
&RQHFWRU ; ;
&RQHFWRU ; ;

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

     

63 ;
6+% &%*1 $&%*1 $ $ *1

' '

6 0
,QWHUUXSWRUGROLPSDGRUGLDQWHLURHWUDVHLUR 0RWRUGROLPSDGRUGLDQWHLUR FDELQH

 &%5'  
$ $ 5'
 
&%:+ $ $ :+
. .
7(0325,=$'25'2/,03$'25',$17(,5275$6(,52
& %&%*1
 &
 
&%<( $ $ <(
   6+%
&%/* %.
;
;

6+'  
(&%%. 
-&%%. 6+&

  6+&
%&%*1 .&%%.
0
0RWRUGROLPSDGRUWUDVHLUR

    6+%
&%%/ &%*1 $ $ *1 %.

&%*1 63 ; ;

  
&%*1

% 6+% &%71
63
$&%71
 
; ;
%
; ;

%&%71 $ $ %5
;

0
0RWRUGRODYDGRUWUDVHLUR
  6+&
$&%*1 $ 0 % *&%%.
; ;

0
0RWRUGRODYDGRUGLDQWHLUR
  6+&
&%97 $ 0 %
)&%%.
$ $
; ;

     

6+7B 

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

&KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  021,725 3DVVDJHP GR ¿R


&2/25,'2 &RPSRQHQWH &RQHFWRUDUWLFXODomR 'HVFULomR
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &$1 %86 
7LSR &RPSRQHQWH &RQHFWRUDUWLFXODomR 'HVFULomR :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2
(&8 $ 7HOD FRORULGD 
/kPSDGD ( $OLPHQWDomR GD OkPSDGD :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )86Ë9(,6  
&RQHFWRU ; ; ',$*1Ï67,&2  :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/( '( 327Ç1&,$ 
&RQHFWRU ; ;
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )86Ë9(,6  
&RQHFWRU ; ;
&RQHFWRU ; ; :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &$1 %86 
&RQHFWRU ; ;
&RQHFWRU ; ;
&RQHFWRU ; ;
&RQHFWRU ; ;
&RQHFWRU ; ;
&RQHFWRU ; ;
&RQHFWRU ; ;
&RQHFWRU ; ;
&RQHFWRU ; ; &21(&725 9,578$/ 
&RQHFWRU ; ;
&RQHFWRU ; ;

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

     

' ; $ '


&RQHFWRU86% 7HODFRORULGD
;
 
5'   5'
;

 
,62%86
:+   :+
;

 
*1   *1
;

;  
%.   %.
6+% *&%:+  
; ; ;

6+% (&%*1  
; (+5%86

& ;
&
6+& -&%5'   63

%/
6+% 6:&%%.  
;
 

6+& 5&%%/  
;
6+& (&%97

63

353
353

5'
%.

;
3


<(
;

;
 
;
;
% ;
  %
;
 
;
; 
 
; 
;
%/
;

353 <(

%.

(
$OLPHQWDomRGDOkPSDGD
63
 3 1 
5' 5' %. %.
63
; ;

$ $

     

6+7B 

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

&KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )5(,26 '2 3DVVDJHP GR ¿R


75$,/(5 &RPSRQHQWH &RQHFWRUDUWLFXODomR 'HVFULomR
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  75$9$ '( (67$&,21$0(172
7LSR &RPSRQHQWH &RQHFWRUDUWLFXODomR 'HVFULomR (/(75Ð1,&$ 
6HQVRU % 6HQVRU GH SUHVVmR GR IUHLR D DU :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )86Ë9(,6  
5HOp . )UHLRV KLGUiXOLFRV GR WUDLOHU :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  3$,1(/ '( ,167580(1726 
5HOp . )UHLR SQHXPiWLFR GR WUDLOHU :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  3$,1(/ '( ,167580(1726 
,QWHUUXSWRU 6 ,QWHUUXSWRU GD OLQKD GH SUHVVmR EDL[D GR IUHLR :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/( '( 327Ç1&,$ 
,QWHUUXSWRU 6 ,QWHUUXSWRU GH VDtGD GD ERPED EDL[D
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )86Ë9(,6  
&RQHFWRU ; ; $',&,&8 &1
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  75$9$ '( (67$&,21$0(172
&RQHFWRU ; ; 7 &21(&725 '2 &+,&27( '( (;7(16­2 (/(75Ð1,&$ 
&RQHFWRU ; ; ) 5 ( 5 ' 5 & 5 % 5 $ 5 :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  3$,1(/ '( ,167580(1726 
&RQHFWRU ; ;
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  3$,1(/ '( ,167580(1726 
&RQHFWRU ; ;
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/( '( 327Ç1&,$ 
&RQHFWRU ; ;
&RQHFWRU ; ; :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  3$,1(/ '( ,167580(1726 
&RQHFWRU ; ; :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )86Ë9(,6  
&RQHFWRU ; ;
&RQHFWRU ; ;
&RQHFWRU ; ;
&RQHFWRU ; ;
&RQHFWRU ; ;
&RQHFWRU ; ;
&RQHFWRU ; ;
6ROHQRLGH < 'HJHODGRU GR IUHLR
6ROHQRLGH < 6ROHQRLGH GR IUHLR GR WUDLOHU SQHXPiWLFR
6ROHQRLGH < 6ROHQRLGH GR IUHLR GH HVWDFLRQDPHQWR
6ROHQRLGH < 6ROHQRLGH GR IUHLR GR WUDLOHU KLGUiXOLFR

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

     

' '
.
)UHLRSQHXPiWLFRGRWUDLOHU <
$
 6ROHQRLGHGRIUHLRGRWUDLOHUSQHXPiWLFR
6+& (&%*1 $
;
63 ;
 $ ;  ,1 287  6+$
;&%%5   ;75%5   %5 %. %.   (+75%.
 
; ;
6+% $ $
&;&%%. &%<( 6+' ; ;

; ;

<
75353 6ROHQRLGHGRIUHLRGHHVWDFLRQDPHQWR
6+$  ,1 287 
&%97   7597   3 %.
; ;

<
'HJHODGRUGRIUHLR
63
& 6+% '&%%/   '75%/ )75%/   353
 ,1 287 
%.
&
; ;

<
75%/

75%/

6+% %&%%5 6ROHQRLGHGRIUHLRGRWUDLOHUKLGUiXOLFR


.
;
)UHLRVKLGUiXOLFRVGRWUDLOHU 63
63 $75%5 
$ $&%%5     %5 %5
;
&  
6+& $&%%/ &
$75%5 %5

&&%%5 ;
&   &
6+% %0&%%. $&%71   $7571   71
6
; ;
,QWHUUXSWRUGHVDtGDGDERPEDEDL[D
   
  353
; ;
6
,QWHUUXSWRUGDOLQKDGHSUHVVmRGRIUHLREDL[D
    ;
6+$
$7571   71 %.   )$75%.
;
;
; ;
% %

63 ;
6+$ &%71   7571 %7571   71
6+$ &%71   7571   71
%
6HQVRUGHSUHVVmRGRIUHLRDDU
63 63
6+$ &%*1  3:5 *1' 
%&%*1   %75*1 &75*1   *1
;
6+% $&%*1 ; ;
287 
6+& '75*1
;

$ $

     

6+7B 

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

&KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  75$9$ '( 3DVVDJHP GR ¿R


(67$&,21$0(172 (/(75Ð1,&$ &RPSRQHQWH &RQHFWRUDUWLFXODomR 'HVFULomR
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )86Ë9(,6  
7LSR &RPSRQHQWH &RQHFWRUDUWLFXODomR 'HVFULomR :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )5(,26 '2 75$,/(5 
(&8 $ 7UDYD HOHWU{QLFD GH HVWDFLRQDPHQWR (3/ :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2
5HOp . 7UDYD HOHWU{QLFD GH HVWDFLRQDPHQWR (3/ 
5HOp . 7UDYD HOHWU{QLFD GH HVWDFLRQDPHQWR (3/ :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/( '( 327Ç1&,$ 
,QWHUUXSWRU 6 )UHLR GH PmR
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )86Ë9(,6  
,QWHUUXSWRU 6: ,QWHUUXSWRU
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/( '( 327Ç1&,$ 
&RQHFWRU ; ; $',&,&8 &1
&RQHFWRU ; ; ) 5 ( 5 ' 5 & 5 % 5 $ 5 :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )5(,26 '2 75$,/(5 
&RQHFWRU ; ; )5(,2 '( 0­2 :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2
&RQHFWRU ; ; )5(,2 '( (67$&,21$0(172 (/(75Ð1,&2 
&RQHFWRU ; ; :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/( '( 327Ç1&,$ 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2

:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  3$,1(/ '( ,167580(1726 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  3$,1(/ '( ,167580(1726 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )86Ë9(,6  

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

     

' '

$
7UDYDGHHVWDFLRQDPHQWRHOHWU{QLFD

6+& &%%5 $
&$1%86

&
6+& ;&%*1

$
6+& &%25
$ 6+$
&%*1
& &
353

&
6+& &%%/ %
$*&%:+ 6+$

6(023d­2(3/
.
(3/
63 $ $
 
353  
6
)UHLRGHPmR (3/ 353    

; ;
6+& 
%/&%%.  %
&%:+ :+


6+& 
%&%97 :+
;
;
% 63
%
6+' $&%5' %&%5'

6+& &&%5'
%&%%/ 6+%
.
(3/
$ % %&%%5 6+&
% 
%

&%97 6+&
$  
6+% $ % % 6=&%%. 6+&
5.&%%. $&%:+
; ; ;

;

$ $

     

6+7B 

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

&KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  3È 3DVVDJHP GR ¿R


&$55(*$'(,5$ ( 5(9(562 &RPSRQHQWH &RQHFWRUDUWLFXODomR 'HVFULomR
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  -2<67,&. 
7LSR &RPSRQHQWH &RQHFWRUDUWLFXODomR 'HVFULomR :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  -2<67,&. 
(&8 $ &21752/$'25 '$ 75$160,66­2 ;&0 )36636 5'5% :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  ,17(5583725 '$ 7'3 ( /Æ03$'$
(&8 $ $/,0(17$d­2 '$ 3È &$55(*$'(,5$ 
'LRGR ' 'LRGR :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/( '( 327Ç1&,$ 
'LRGR ' 'LRGR :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  ',675,%8,d­2 '( (1(5*,$ 
/kPSDGD ( /8= '( $/$50( '( 0$5&+$ ¬ 5e )86Ë9(,6  
7HUUD *1'
7HUUD *1'
$OWRIDODQWH + %8=,1$ '2 $/$50( '( 0$5&+$ ¬ 5e
5HOp . 5HOp GH PDUFKD j Up
5HOp . 5HOp GD Si FDUUHJDGHLUD GLDQWHLUD $
&RQHFWRU ; ; 02725 
&RQHFWRU ; ; 0,1,)86Ë9(/ ) $ )
&RQHFWRU ; ; 3$5$ (1(5*,$ '$ &$%,1( '$ 3È &$55(*$'(,5$
&RQHFWRU ;$ ;$ $/,0(17$d­2 '$ 3È &$55(*$'(,5$
&RQHFWRU ; ;
&RQHFWRU ; ;
&RQHFWRU ; ; 81,'$'( '( &21752/( &(175$/ &&8 &1
&RQHFWRU ; ; 81,'$'( '( &21752/( &(175$/ &&8 &1
&RQHFWRU ; ;
&RQHFWRU ; ;
&RQHFWRU ; ; $/$50( '( 0$5&+$ ¬ 5e5(/e '$ /8=
&RQHFWRU ; ; %8=,1$ '2 $/$50( '( 0$5&+$ ¬ 5e
&RQHFWRU ; ; /8= '( $/$50( '( 0$5&+$ ¬ 5e
&RQHFWRU ; ;
&RQHFWRU ; ; &21752/$'25 '$ 3È &$55(*$'(,5$
&RQHFWRU ; ; /,*$d­2 '$ ,17(5)$&( &&&
&RQHFWRU ;$ ;$ 81,'$'( '( &21752/( &(175$/ &&8 ,17(5)$&(
&RQHFWRU ; ;
&RQHFWRU ; ;
6ROHQRLGH < 3i FDUUHJDGHLUD 
6ROHQRLGH < 3i FDUUHJDGHLUD 

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

     

' '

<
. 3iFDUUHJDGHLUD
;
5HOpGDSiFDUUHJDGHLUDGLDQWHLUD$ ; ;

$   &%5'   (15'   5'
 
63 63
  3 1 
25 25 25 <(   &%5'   (15'   5'
    ; ;
; ;

; ;

25
& &
<
5'
353

353

3iFDUUHJDGHLUD
; ;
63 ; 73 73
1 3 
25 25   &%25   (125   25


25   &%25   (125   25
; ; ; ;
;
$
 
&21752/$'25'$75$160,66­2;&0)36636 5'5%
;
; 
63
6+% $&%25   75(25
6+$ &%<( 
&%%/ 6+$
6+& 6+% 
)3&%%.   5(%. &%/%
; ;
$
;$ &21752/$'25'$75$160,66­2;&0)36636 5'5%

  $5(5' 6+$
. ; ;
% 5HOpGHPDUFKDjUp + %
$ %8=,1$'2$/$50('(0$5&+$¬5e
 
55(25 63
 
%5(5' &5(5' 
3

  
65(25 5(5'
 )05(%. 1
; ; 
;
$
$/,0(17$d­2'$3È&$55(*$'(,5$


35(25

63 $5(%.
;$

'5(5'
(
/8='($/$50('(0$5&+$¬5e
 1 3 
)/5(%. )15(%.
63
; ;

$ $

     

6+7B 

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

&KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  $/,0(17$d­2 3DVVDJHP GR ¿R


'$ ,62%86 &RPSRQHQWH &RQHFWRUDUWLFXODomR 'HVFULomR
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2
7LSR &RPSRQHQWH &RQHFWRUDUWLFXODomR 'HVFULomR 
(&8 $ 7(&8 ,62%86 :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  ',675,%8,d­2 '( (1(5*,$ 
6DtGD GH IRUoD - /LEHUDomR WUDVHLUR )86Ë9(,6 0$;,  
6DtGD GH IRUoD - /LEHUDomR :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  ',675,%8,d­2 '( (1(5*,$ 
5HOp . 5HOp  GR ,62 )86Ë9(,6 0$;,  
5HOp . 5HOp  GR ,62 WUDVHLUR :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2
5HOp . 5HOp  GR ,62 WUDVHLUR 
5HOp . 5HOp  GR ,62 :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  ',675,%8,d­2 '( (1(5*,$ 
&RQHFWRU ; ; )86Ë9(,6 0$;,  
&RQHFWRU ; ; /,%(5$d­2 :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2
&RQHFWRU ; ; 5(/e  '2 ,62%86 '$ (&8 '2 ,03/(0(172 
&RQHFWRU ; ; 5(/e  '2 ,62%86 '$ $/,0(17$d­2 '2 ,03/(0(172 :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )86Ë9(,6  
&RQHFWRU ; ; 1(*$7,92 '$ %$7(5,$ :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  ',675,%8,d­2 '( (1(5*,$ 
&RQHFWRU ; ; $/,0(17$d­2 6(0 7(&8  )86Ë9(,6 0$;,  
&RQHFWRU ; ; :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2
&RQHFWRU ; ; (&8&1 
&RQHFWRU ; ; /,%(5$d­2 ',$17(,5$
&RQHFWRU ; ;
&RQHFWRU ; ;
&RQHFWRU ; ;
&RQHFWRU ; ; ,62%86
&RQHFWRU ; ; ,62%86

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

     

' '

&$1%86
$
7(&8 ,VREXV

6+&   7&%%.25 6+&


&&%97

 6+$
7$&%%.
; ;
6+'  
$5&%%/     $6&%%/
; 
;
&%25     '&%25

&&%%/     '&%%/
; ;

& &
.
5HOpGR,62 WUDVHLUR -
$
/LEHUDomR WUDVHLUR
 
6+& $<,6%5   
,625
;
 
63
$&%25 6+'   0<,6%. 
63   $,625 09,6%.

; . ; 07,6%.
5HOpGR,62 WUDVHLUR
$
 
  ,6%/ 

    ;
63 &%%/ 6+'   ,6%/ ,6%.
; 0=,6%.
; ;
; 
;
$,625 
6+& $=,6%5
,6%/ 
% ;
%

.
5HOpGR,62 -
$ /LEHUDomR
 
6+& %5   
353
;   63
  
%&%%/   353 %. %.
; ;
. %. 
5HOpGR,62
$
 
%5   
25
   
&&%25   25 %. %. ;

; ; ;  ;

6+&

$ $

     

6+7B 

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

&KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &$1 %86 3DVVDJHP GR ¿R


7LSR &RPSRQHQWH &RQHFWRUDUWLFXODomR 'HVFULomR &RPSRQHQWH &RQHFWRUDUWLFXODomR 'HVFULomR
&RQHFWRU ; ; 02725  :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  3$,1(/ '( ,167580(1726 
&RQHFWRU ; ; ',$*1Ï67,&2  :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/( '( 327Ç1&,$ 
&RQHFWRU ; ; ',$*1Ï67,&2  :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  (&8 '2 02725 
&RQHFWRU ; ; &21(&725 '( ',$*1Ï67,&2 '2 3$,1(/ '( :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  021,725 &2/25,'2 
,167580(1726 $',& '( (;,%,d­2 $9$1d$'$ :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )86Ë9(,6  
&RQHFWRU ; ; 0,1,)86Ë9(/ ) $ ) :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/( '( 327Ç1&,$ 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  3$,1(/ '( ,167580(1726 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/( '( 327Ç1&,$ 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  021,725 &2/25,'2 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  3$,1(/ '( ,167580(1726 

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

     

' '

;
&RQHFWRUGHGLDJQyVWLFR
63
6+' % $ 6+&
&%*1 (&%*1 $/&%%.
;

& &
6+' =&%*1
*
&$1%86

;
6+& (
(13.   &%3.
;
;
,62%86
;
&RQHFWRUGHGLDJQyVWLFR

% $ 6+&
1&%*1 5*&%%.
;

6+& )
*&%:+

% 6+& (&%*1
* &$1%86 %
;

;
&RQHFWRUGHGLDJQyVWLFR

6+&   6+&
=&%:+ %7&%%.
;
6+& 
=&%71
;

$ $

     

6+7B 

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

&KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &$1 %86  3DVVDJHP GR ¿R


7LSR &RPSRQHQWH &RQHFWRUDUWLFXODomR 'HVFULomR &RPSRQHQWH &RQHFWRUDUWLFXODomR 'HVFULomR
(&8 $ &21752/$'25 '$ 75$160,66­2 ;&0 )36636 5'5% :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  ,17(5583725 '$ 7'3 ( /Æ03$'$
(&8 $ $SRLR GH EUDoR 7 
(&8 $ (&8 '2 02725  ('&  :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  ,17(5583725 '$ 7'3 ( /Æ03$'$
(&8 $ 8QLGDGH GH FRQWUROH DX[LOLDU $&8 VXVSHQVmR GLDQWHLUDHQJDWH 
GLDQWHLUR :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  3$,1(/ '( ,167580(1726 
(&8 $ 7UDYD GH HVWDFLRQDPHQWR HOHWU{QLFD :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  3$,1(/ '( ,167580(1726 
(&8 $ 7HFODGR :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  ,17(5583725 '$ 7'3 ( /Æ03$'$
(&8 $ (&8 GR FRQWUROH DXWRPiWLFR GH WHPSHUDWXUD $7& 
(&8 $ 7(&8 ,62%86 :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2
(&8 $ 'LUHomR UiSLGD  ('& 
5HVLVWRU 5(6 5HVLVWRU :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  ,17(5583725 '$ 7'3 ( /Æ03$'$
&RQHFWRU ; ; 7(&/$'2 
&RQHFWRU ; ; 02725  :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  ,17(5583725 '( 6(/(d­2 '$
&RQHFWRU ; ; ',$*1Ï67,&2  (+5 
&RQHFWRU ; ; $32,2 '( %5$d2  :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  ,17(5583725 '$ 7'3 ( /Æ03$'$
&RQHFWRU ; ; 
&RQHFWRU ; ; &&8&1$ :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  ,17(5583725 '$ 7'3 ( /Æ03$'$
&RQHFWRU ; ; &&8&1%

&RQHFWRU ; ; 8QLGDGH GH FRQWUROH DX[LOLDU $&8 &1$
&RQHFWRU ; ; 0Ï'8/2 '2 02725 %26&+ ('& 
&RQHFWRU ; ; (&8&1
&RQHFWRU ; ;
&RQHFWRU ; ;
&RQHFWRU ; ; &21752/( '2 &21(&725 '( $5
&RQHFWRU ; ; )5(,2 '( (67$&,21$0(172 (/(75Ð1,&2
&RQHFWRU ; ;
&RQHFWRU ; ;

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

     

73 73
6+& .&%*1
6+' .&%<(
73 73
6+& :&%*1
' '
6+& :&%<(
73 73
6+& .&%*1
6+' .&%<(
$
'LUHomRUiSLGD

63% 63% 73 73 ; $


6+' *&%*1 &%*1   *1
63$ $
*&%<( 6+$ &%<(   <(
;
63$
;
$
7HFODGR
73

 73
&%*1

+&%<(
$
;
$SRLRGHEUDoR7
; -&%*1 6+&

*1
& 'LDJQyVWLFR
&

&
73 73 63$ *1
&%<( -&%<( 6+&

<(
&%*1 63%
' 
<(
; ;
&%*1

&%<(

6+' &%/%

% %
$ $
&21752/$'25'$75$160,66­2;&0)36636 5'5% (&8'202725('&
; ; ;
73 73 63% 63% 63% 63% 63% 63% 63' 73 73 73 73

&%*1 %&%*1
5&%*1 1$&%*1 1&%*1 $ $ *1 *1 *1 $ $ *1   (1*1 
63$ 63$ 63$ 63$
 
&%<( 5&%<( %&%<( 21$&%<( 1&%<( $ $ <( <( <( $ $ <(   (1<(
63$ 63$ ;
; ; 63& ;
&%/% 6+' ;

'&%*1 $
(&8GR$7&
$ $(&%%. 6+% '&%<(
$&8 VXVSHQVmRGLDQWHLUDHQJDWHGLDQWHLUR
$%&%%. 6+' ; 
0&%*1   *1

$$&%%. $&&%%. 6+&

63 0&%<(   <(
;
73 73

6&%*1 ;


6&%<(
$
; 7UDYDGHHVWDFLRQDPHQWRHOHWU{QLFD
$
$ 7(&8 ,VREXV $&&%*1
&
$
&
 73 73 $&&%<(
3&%*1
;

3&%<(
;

     

6+7B 

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

&KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &$1 (+5 3DVVDJHP GR ¿R


7LSR &RPSRQHQWH &RQHFWRUDUWLFXODomR 'HVFULomR &RPSRQHQWH &RQHFWRUDUWLFXODomR 'HVFULomR
(&8 $ &21752/$'25 '$ 75$160,66­2 ;&0 )36636 5'5% :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  -2<67,&. 
(&8 $ &21752/$'25 1$9 &(5(6 :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &$1 (+5 
(&8 $ 021,725 25,(17$d­2 $8720È7,&$ :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &$1 (+5 
(&8 $ 8QLGDGH GH FRQWUROH DX[LOLDU $&8 VXVSHQVmR GLDQWHLUDHQJDWH :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &$1 (+5 
GLDQWHLUR :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &$1 (+5 
5HVLVWRU 5(6 5HVLVWRU :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  -2<67,&. 
&RQHFWRU ; ;
&RQHFWRU ; ; ',$*1Ï67,&2 
&RQHFWRU ; ; 8QLGDGH GH FRQWUROH FHQWUDO &&8 &1$
&RQHFWRU ; ; 8QLGDGH GH FRQWUROH DX[LOLDU $&8 &1$
&RQHFWRU ; ;
&RQHFWRU ; ;
&RQHFWRU ; ;
&RQHFWRU ; ; &RQHFWRU YLUWXDO 
&RQHFWRU ; ;
&RQHFWRU ; ;
&RQHFWRU ; ;
&RQHFWRU ; ;

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

     

' '

&$1%86
6+& '&%5'
6+$ &&%5'
6+& )&%5'

$
&21752/$'25'$75$160,66­2;&0)36636 5'5%
;
73 63$ ; 63$ ; 63$ ;
 73
73 63$ 73 ; 73 73
+&%5' 63$ %&%5'   5' 5'   5'   5' 5'   5' 5'   $&%5' 6+'
63% 63% 63% 63%
 63% $&%%/
+&%%/ 353 353  353 353 353 353 353 
& %&%%/     
;
 
; ;
 6+%
&
; ;
;
353
5'

'&%%/ 6+%

&&%%/ 6+$ ;


0yGXOR*36
&$1%86

353
)&%%/ 6+%

5'


$ ;
$&8 VXVSHQVmRGLDQWHLUDHQJDWHGLDQWHLUR $
&RQWURODGRU&(5(6
73 73
 
*&%%/

*&%5' 
;
;

% ;
&RQHFWRUGHGLDJQyVWLFR
%
&
(&%5' 6+&
' 6+%
(&%%/

;

,62%86&$1
$
7HODFRORULGD


5'
;

353
;

$ $

     

6+7B 

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

&KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &$1 (+5 3DVVDJHP GR ¿R


7LSR &RPSRQHQWH &RQHFWRUDUWLFXODomR 'HVFULomR &RPSRQHQWH &RQHFWRUDUWLFXODomR 'HVFULomR
(&8 $ $SRLR GH EUDoR 7 :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &$1 (+5 
(&8 $ 9iOYXOD UHPRWD HOHWURKLGUiXOLFD (+5  :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2
(&8 $ 9iOYXOD UHPRWD HOHWURKLGUiXOLFD (+5  
(&8 $ 9iOYXOD UHPRWD HOHWURKLGUiXOLFD (+5  :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )86Ë9(,6  
(&8 $ 9iOYXOD UHPRWD HOHWURKLGUiXOLFD (+5  :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &$1 (+5 
(&8 $ 9iOYXOD UHPRWD HOHWURKLGUiXOLFD (+5  :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &$1 (+5 
5HVLVWRU 5 5HVLVWRU GH WHUPLQDomR :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &$1 (+5 
&RQHFWRU ; ; 7 &21(&725 '2 &+,&27( '( (;7(16­2
&RQHFWRU ; ; $32,2 '( %5$d2 
&RQHFWRU ;B ;B
&RQHFWRU ;B ;B 5(6,6725 '( 7(50,1$d­2 %86
&RQHFWRU ; ;
&RQHFWRU ; ;
&RQHFWRU ; ;
&RQHFWRU ; ;
&RQHFWRU ; ;
&RQHFWRU ; ;

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

     

&$1%86
&$1,62

' '

6+& $&%5'

$
$SRLRGHEUDoR7
;
6+&  
(&%%5 $ $ 5'

6+'  
&&%71 $ $ 353

; ; ;

6+% (&%5'

6+& )&%5'
& 6+& '&%5' &
63$ 63$
;B 63$ 63$ 63$
; 73 73
  5' 5' 5' 5' 5' 5'   $755' 6+&
63% 63% 63% 63%
  353 353 353 353 353 353   $75%/ 6+&
;B 63%
$ ; 73 73
(+5 $755' 6+&
63 ;B $75%/ 6+&

755'   5'
$&%%/ 6+&

75%/   353
63
;B ;

)&%%/ 6+&

'&%%/ 6+&
(&%%/ 6+%

$
% (+5 %

5'


353
$
;
(+5


5'


353
$ ;
(+5


5'
$ 
(+5 353
;

5'
$ 
$
353
;

     

6+7B 

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

&KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &$1 (+5 3DVVDJHP GR ¿R


7LSR &RPSRQHQWH &RQHFWRUDUWLFXODomR 'HVFULomR &RPSRQHQWH &RQHFWRUDUWLFXODomR 'HVFULomR
(&8 $ 9iOYXOD UHPRWD HOHWURKLGUiXOLFD PHFkQLFD (+5 
(&8 $ 9iOYXOD UHPRWD HOHWURKLGUiXOLFD (+5  9iOYXOD UHPRWD
HOHWURKLGUiXOLFD PHFkQLFD (+5 
(&8 $ 9iOYXOD UHPRWD HOHWURKLGUiXOLFD PHFkQLFD (+5 
(&8 $ 9iOYXOD UHPRWD HOHWURKLGUiXOLFD PHFkQLFD (+5  9iOYXOD
UHPRWD HOHWURKLGUiXOLFD (+5 
5HVLVWRU 5 5HVLVWRU GH WHUPLQDomR
&RQHFWRU ;B ;B
&RQHFWRU ; ;
&RQHFWRU ; ;
&RQHFWRU ; ;
&RQHFWRU ; ;
&RQHFWRU ; ;

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

     

' '

5
5HVLVWRUGHWHUPLQDomR
;B
63$ 63$ 63$ 63$ 73
 73
5' 5' 5' 5' 5' $755' 6+&
&  
&
63% 63% 63% 63%
 6+&
353 353 353 353 353   $75%/
;B
; 73 73
$755' 6+&

$75%/ 6+%

$
0(+5


5'


353
;
$
0(+5


5'

% %

353
;
$
0(+5(+5


5'


353
;

$
(+50(+5


5'


353
;

$ $

     

6+7B 

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

&KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  ,62%86 &$1 3DVVDJHP GR ¿R


7LSR &RPSRQHQWH &RQHFWRUDUWLFXODomR 'HVFULomR &RPSRQHQWH &RQHFWRUDUWLFXODomR 'HVFULomR
(&8 $ $SRLR GH EUDoR 7 :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2
(&8 $ 0RQLWRU 2ULHQWDomR DXWRPiWLFD 
(&8 $ 7(&8 ,62%86 :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2
(&8 $ 6HP UHYHVWLPHQWR 
(&8 $ 6HP UHYHVWLPHQWR :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2
(&8 $ &$1 62%5(66$/(17( '$ 7(&8 
(&8 $ &$1 62%5(66$/(17( '$ 7(&8 :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2
6DtGD GH IRUoD - /LEHUDomR WUDVHLUR 
6DtGD GH IRUoD - /LEHUDomR
5HVLVWRU 5(6 5HVLVWRU
5HVLVWRU 5(6 5HVLVWRU
&RQHFWRU ; ; 02725 
&RQHFWRU ; ; ',$*1Ï67,&2 
&RQHFWRU ; ;
&RQHFWRU ; ;
&RQHFWRU ; ; $32,2 '( %5$d2 
&RQHFWRU ; ;
&RQHFWRU ; ; &&8&1$
&RQHFWRU ; ;
&RQHFWRU ; ;
&RQHFWRU ; ;
&RQHFWRU ; ;
&RQHFWRU ; ;
&RQHFWRU ; ; (&8&1
&RQHFWRU ;$ ;$ &$1 62%5(66$/(17( '$ 7(&8
&RQHFWRU ;% ;% &$1 62%5(66$/(17( '$ 7(&8
&RQHFWRU ; ;
&RQHFWRU ; ; &21(&725 9,578$/ 
&RQHFWRU ; ; /,%(5$d­2 
&RQHFWRU ; ; ,62%86
&RQHFWRU ; ;
&RQHFWRU ; ;

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

     

&$1%86 &$1%86
' '

&$1(+5 &$1(+5

$ ;
- 0& 0& $SRLRGHEUDoR7 & & &%3. 6+'
; *1
0& 0& ; 0& 0& ;
  
%,6<(   <(   <( & & <( <(


<(  
%,6*1   *1   *1 & & *1 *1 & & ;
0& 0&
5' ; ; 6+% &%<(  

%,65'   5'   5' & & 5'
63' 6+$ &%*1  
5' & &
 6+'
%,6%. %. %. %. &%5'
& ;
    & &  
&
; %. ; 6+' &%%.  
;
%. & &
63& ;

&%<( 6+%

&%/% 6+%
&%<( 6+%

& & &%25 6+%

& & &%/% 6+&

*1

5'
;

%.
<(
0&
0&
&&%*1
-
; &&%<(
0& 0& 63$ 63$ 0& 0& ; 63%

<(   (&%*1 $&%<(   <(
63$
 63%
*1   (&%<( 63% $&%*1   *1
% 63& 63& 63' %

5'   (&%5' &&%5' $&%5'   5'
63' 63&
63'

%.   (&%%. &&%%. $$&%%.   %.
; ;
;

;
$ &RQHFWRUGHGLDJQyVWLFR
7(&8 ,VREXV
73 73
73

 0& 0& - %&%*1


'&%<(
$

+ %&%<( 7HODFRORULGD
'&%*1
; 
; *1
;
$ 
&$162%5(66$/(17('$7(&8 <(
;
 $ 
'&%%. 6HPUHYHVWLPHQWR %.
$ ;% ;
$
 73 
%&%. 5'
$ ; ;
&$162%5(66$/(17('$7(&8
$
 6HPUHYHVWLPHQWR
'&%5'
;$ 
%&%5'
;

     

6+7B 

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

&KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/( '2 3DVVDJHP GR ¿R


+9$& &RPSRQHQWH &RQHFWRUDUWLFXODomR 'HVFULomR

7LSR &RPSRQHQWH &RQHFWRUDUWLFXODomR 'HVFULomR


(&8 $ &RQHFWRU GR YHtFXOR
6HQVRU % $78$'25 '$ 9È/98/$ '( È*8$
6HQVRU % 327(1&,Ð0(752 '( 7(03(5$785$
6HQVRU % 7(50267$72
7HUUD *1' ),2 7(55$
,QWHUUXSWRU 6 ,17(5583725 '( 35(66­2
&RQHFWRU ; ; &RQHFWRU GR YHtFXOR
&RQHFWRU ; ; 327(1&,Ð0(752 '( 7(03(5$785$
&RQHFWRU ; ; 7(50267$72
&RQHFWRU ; ; $78$'25 '$ 9È/98/$ '( È*8$
&RQHFWRU ; ; ,17(5583725 '( 35(66­2
&RQHFWRU ; ; 7(55$

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

     

' '

$+95'
% %
& $78$'25'$9È/98/$'(È*8$ 327(1&,Ð0(752'(7(03(5$785$ &
63
 3:5 *1'  & *1' 3:5 $
&+9%. (+9%.
; ;
287  % 287
%+9<(
; ;
+9%.

$ %
&RQHFWRUGRYHtFXOR 7(50267$72

;   3:5 *1' 


'+95' *+9%.
$/,0(17$d­2 6
;
287  ,17(5583725'(35(66­2 ;
++9%/ 
3

;
$ ,1 287 % *1'

; ;
; 
6$Ë'$'25(/e'2&2035(6625
-+9%/
;

% %

$ $

     

6+7B 

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

&KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  ,17(5583725 3DVVDJHP GR ¿R


'( 6(/(d­2 '$ (+5 &RPSRQHQWH &RQHFWRUDUWLFXODomR 'HVFULomR
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  81,'$'( '( &21752/( $8;,/,$5
7LSR &RPSRQHQWH &RQHFWRUDUWLFXODomR 'HVFULomR 
(&8 $ ,17(5583725 '( $548($0(172 :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  81,'$'( '( &21752/( $8;,/,$5
(&8 $ ,17(5583725 '$ $57,&8/$d­2 683(5,25 
(&8 $ ,17(5583725 '( 6(/(d­2 '$ 9È/98/$ :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )86Ë9(,6  
(/(752+,'5È8/,&$ 5(027$ (+5 :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )86Ë9(,6  
(&8 $ ,17(5583725 '$ $57,&8/$d­2 /$7(5$/ :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  (63(/+26 $48(&,'26 
6HQVRU % :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  81,'$'( '( &21752/( $8;,/,$5
6DtGD GH IRUoD - 
,QWHUUXSWRU 6 /,)720$7,& :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2
,QWHUUXSWRU 6 ,62/$'25 '$ %$7(5,$ 
,QWHUUXSWRU 6 327(1&,Ð0(752 '( /,0,7( '$ +3/ ',$17(,5$ :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  81,'$'( '( &21752/( $8;,/,$5
,QWHUUXSWRU 6 ,17(5583725 7'3 75$6(,5$ 
&RQHFWRU ; ; /,)720$7,& :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  (63(/+26 $48(&,'26 
&RQHFWRU ; ; 327(1&,Ð0(752 '( /,0,7( '$ +3/ ',$17(,5$ :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  81,'$'( '( &21752/( $8;,/,$5
&RQHFWRU ; ; ,17(5583725 7'3 75$6(,5$ 
&RQHFWRU ; ; ) 5 ( 5 ' 5 & 5 %  $ 5 :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )86Ë9(,6  
&RQHFWRU ; ; ,17(5583725 '(69,$'25 :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  720$'$ '( 327Ç1&,$ 
&RQHFWRU ; ; 5$'$5  :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )86Ë9(,6  
&RQHFWRU ; ; 720$'$ '( $/,0(17$d­2 '(  $ :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  (63(/+26 $48(&,'26 
&RQHFWRU ; ; ,62/$'25 '$ %$7(5,$ :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  81,'$'( '( &21752/( $8;,/,$5
&RQHFWRU ; ; ,17(5583725 '$ $57,&8/$d­2 683(5,25 
&RQHFWRU ; ; ,17(5583725 '$ $57,&8/$d­2 /$7(5$/ :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  6248(7(6 '2 ,03/(0(172 
&RQHFWRU ; ; ,17(5583725 '( 6(/(d­2 '$ 9È/98/$ :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )86Ë9(,6  
(/(752+,'5È8/,&$ 5(027$ (+5 :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  81,'$'( '( &21752/( $8;,/,$5

:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )86Ë9(,6  
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &$1 %86  
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  81,'$'( '( &21752/( $8;,/,$5

:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  3$57,'$ ( &$5*$ &20 2 ,62/$'25

:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )86Ë9(,6  
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  3$57,'$ ( &$5*$ &20 2 ,62/$'25

:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  (63(/+26 $48(&,'26 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  (63(/+26 $48(&,'26 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  (63(/+26 $48(&,'26 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )86Ë9(,6  
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  720$'$ '( 327Ç1&,$ 
:% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  3$57,'$ ( &$5*$ &20 2 ,62/$'25


$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

     

-

 6+%
$&%<(
6
327'(/,0,7('$+3/',$17(,5$ 63
 6+'
&&%97 &%97
' 6+$ $%&%%.

'
%&%97 6+'
 6+&
&:&%%.
 ;
6+% &%%5

%

63
6+$   6+%
%&%%5 $&%%5 &%97
 6+$
&%97
6+$ &%%5  6+%
&%97
6+'   6+$
(&%%5 &%97

 6+%

&%97
6+% &%%5  6+&
;
$&%*1

 6+&
%&%%.

&
;
$
,17(5583725'($548($0(172
&
$
 ,1 287  ,17(5583725'$$57,&8/$d­2683(5,25
6+' .&%%5 &%71 6+%
;  6+&
; &%:+

 6+%
&&%*1

$ 
,17(5583725'$$57,&8/$d­2/$7(5$/ &%:+ 6+$

 6+&
3=&%%.
6+$ 
&%:+
 6+&
5&%5'
6+% 
%&%*1 
5$&%%. 6+&
 6+%
6&%5'
6+$ 
&%:+ ;

 $
6+' 5%&%%. ,17(5583725'(6(/(d­2(+5
% %
 6+'

&%:+
6+& 7&%5'  6+'
1&%%5
6+' 
5&&%%. 
&%:+ 6+&
6+& 
9&%5' 
3;&%%. 6+&
;

 6+%
1&%5'
 6+&
3<&%%.

6 
,62/$'25'$%$7(5,$ 3&%5' 6+&
6+% 
+&%5' ; 6
,17(55837257'375$6(,5$
6+&  6$Ë'$  6+'
3&%*1 &%25
6+$  ,1
+&%*1 6$Ë'$ 
&%25 6+'
6+& 
&%:+
; ;
$ 
$
6+% :&%*1
6+& 
&%:+ 6
; /,)720$7,&
6+$  ,1 287  &%5' 6+&
1&%*1
; ;

     

6+7B 

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

&KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  $/$9$1&$6 (+5 3DVVDJHP GR ¿R


7LSR &RPSRQHQWH &RQHFWRUDUWLFXODomR 'HVFULomR &RPSRQHQWH &RQHFWRUDUWLFXODomR 'HVFULomR
,QWHUUXSWRU 6 $ODYDQFDV GD YiOYXOD UHPRWD HOHWURKLGUiXOLFD (+5 :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  -2<67,&. 
,QWHUUXSWRU 6 :% &KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  81,'$'( '( &21752/( $8;,/,$5
,QWHUUXSWRU 6 
&RQHFWRU ; ; $ODYDQFDV GD YiOYXOD UHPRWD HOHWURKLGUiXOLFD (+5
&RQHFWRU ; ; 8QLGDGH GH FRQWUROH FHQWUDO &&8 &1
&RQHFWRU ; ; 8QLGDGH GH FRQWUROH DX[LOLDU $&8 &1%
&RQHFWRU ; ; 8QLGDGH GH FRQWUROH DX[LOLDU $&8 &1$

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

     

6
$/$9$1&$6(+5
' 6 '
$ 
$
&%97
6+' %&%/*
 6+%
6 &%:+

% 
 $
&%97
&%/*
 6+%
&%:+
% 
&%97

 $  6+&
&%/* &%:+

% 
&%97
;

 $
&%/*

& &
 $
&%/*

& 
&%25

 &
&%97
& 
&%25

;

 $
&%25

& 6+$
&%25

% %
 $
&%%/ &
&%*< 6+&

 % & 6+$
&%:+ $(&%%.

% 6+'
3&%%5
 %
&%%/

 %
&%97

 %
&%97
;
;
$ 
$
&%5' 6+%

;

     

6+7B 

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

&RQHFWRUHV GR ¿R  ËQGLFH GR HVTXHPD HOpWULFR  7UDQVPLVVmR


636)36 [ FRP FDELQH
127$ 7UDWRUHV HTXLSDGRV FRP WUDQVPLVV}HV 6HPL3RZHUVKLIW

‡ &RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH   


‡ &RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH   
‡ &RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH   
‡ &RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH   
‡ &RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH   
‡ &RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH   
‡ &RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH   
‡ &RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH   
‡ &RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH   
‡ &RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH   
‡ &RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH   
‡ &RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH   
‡ &RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH   
‡ &RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH   
‡ &RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH   
‡ &RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH   
‡ &RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH   
‡ &RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH   
‡ &RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH   
‡ &RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH   
‡ &RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH   
‡ &RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH   
‡ &RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH   
‡ &RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH   
‡ &RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH   
‡ &RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH   
‡ &RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH   
‡ &RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH   
‡ &RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH   
‡ &RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH   
‡ &RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH   
‡ &RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH   
‡ &RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH   
‡ &RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH   
‡ &RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH   
‡ &RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH   
‡ &RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH   
‡ &RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH   
‡ &RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH   
‡ &RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH   

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

‡ &RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH   


‡ &RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH   
‡ &RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH   
‡ &RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH   
‡ &RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH   
‡ &RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH   
‡ &RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH   
‡ &RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH   
‡ &RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH   
‡ &RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH   
‡ &RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH   
‡ &RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH   
‡ &RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH   
‡ &RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH   
‡ &RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH   
‡ &RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH   
‡ &RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH   
‡ &RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH   
‡ &RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH   
‡ &RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH   
‡ &RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH   
‡ &RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH   
‡ &RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH   
‡ &RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH   
‡ &RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH   
‡ &RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH   
‡ &RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH   
‡ &RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH   
‡ &RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH   
‡ &RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH   
‡ &RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH   
‡ &RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH   
‡ &RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH   
‡ &RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH   

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH 


;  0DFKR
3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; )rPHD SLQR    %.   )2/+$ 
/Æ03$'$ 75$6(,5$
'2 &21(&725  '2
3$5$/$0$ (648(5'2

7(55$     0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR  %7 %7 %.   )2/+$ 
,17(5583725 '$ /Æ03$'$
'( 3$5$'$ (648(5'$

;  ,17(5583725 '$ (0%5($*(0  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR  &% &% :+   )2/+$ 
,17(5583725 6+877/(
 633; &% &% <(  
 ; 0DFKR SLQR  &% &% 5'  
&&8&1$
 ; 0DFKR SLQR  &% &% :+  
,17(5583725 '2 02725
'( 3$57,'$

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

;  327(1&,Ð0(752 '$ (0%5($*(0  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633; &% &% *1   )2/+$ 
 ; 0DFKR SLQR  &% &% <(  
&&8&1
 633; &% &% %.  

;  ,17(5583725 '2 02725 '( 3$57,'$  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR $ &% &% %5   )2/+$ 
0,1,)86Ë9(/ ) $ )
 ; 0DFKR SLQR % &% &% :+   )2/+$ 
0,1,)86Ë9(/ ) $ )
 ; 0DFKR SLQR $ &% &% :+  
0,1,)86Ë9(/ ) $ )
 633; &% &% *1   )2/+$ 
 ; SLQR  ,17(5583725 &% &% :+   )2/+$ 
'$ (0%5($*(0

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

;  ,17(5583725 '$ /8= 35,1&,3$/  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633; &% &% %5   )2/+$ 
 ; 0DFKR SLQR % 5 &% &% 5'  
H 5
 633; &% &% %/   )2/+$ 
 633; &% &% %/   )2/+$ 
 633; &% &% *1  
 ; )rPHD SLQR  &% &% 97  
02725 
 ; 0DFKR SLQR % (&8 &% &% *1  
'2 3,6&$3,6&$
 ; 0DFKR SLQR % (&8 &% &% *1  
'2 3,6&$3,6&$

;   0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; SLQR $ )5(,2 &% &% *1   )2/+$ 
'( (67$&,21$0(172
(/(75Ð1,&2
 ; )rPHD SLQR  &% &% 3.   )2/+$ 
02725 
 ; )rPHD SLQR  &% &% *<   )2/+$ 
02725 
 633; &% &% *1  

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD


 633; &% &% *1   )2/+$ 
 ; 0DFKR SLQR &% &% :+  
& 3$,1(/ '(
,17(5583725(6
 ; SLQR  &21(&725 '( &% &% 71  
',$*1Ï67,&2 $',&
 ; SLQR  &21(&725 '( &% &% :+  
',$*1Ï67,&2 $',&
 ; )rPHD SLQR  &% &% *1  
02725 
 ; )rPHD SLQR  &% &% *<  
02725 
 ; )rPHD SLQR  &% &% %5  
75$160,66­2 
 ; )rPHD SLQR  &% &% /*  
02725 
 ; SLQR  5(/e '$ 6((8 &% &% <(  
+20(
 633; &% &% 5'   )2/+$ 
 633; &% &% :+   )2/+$ 
 ; )rPHD SLQR  &% &% /%  
02725 
 ; )rPHD SLQR  &% &% *1   )2/+$ 
02725 
 ; SLQR % 5 H 5 &% &% <(   )2/+$ 
 633; &% &% *1   )2/+$ 
 633; &% &% %.   )2/+$ 
 ; SLQR $ 0,1,)86Ë9(/ &% &% <(   )2/+$ 
) $ )
 ; )rPHD SLQR  &% &% %5   )2/+$ 
02725 
 633; &% &% 97   )2/+$ 

;   0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; SLQR  5$'$5  &% &% 97   )2/+$ 
 ; SLQR  5$'$5  &% &% 97  
 ; SLQR  5$'$5  &% &% 97  
 ; SLQR  5$'$5  &% &% 97  
 ; SLQR  5$'$5  &% &% 97  

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

;  ,17(5583725 '( 3(5,*2 '2 &+,&27(  )rPHD

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633; &% &% 97   )2/+$ 
 ; 0DFKR SLQR % (&8 &% &% *1  
'2 3,6&$3,6&$
 633; &% &% %.  
 ; 0DFKR SLQR $ (&8 &% &% *1  
'2 3,6&$3,6&$

;  ,17(5583725 '( 3(5,*2 '2 &+,&27(  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ,17(5583725 '( 3(5,*2 +$%' +$%' 97   )2/+$ 
; 0DFKR SLQR 
 ,17(5583725 '( 3(5,*2 +$$ +$$ *1  
; 0DFKR SLQR 
 ,17(5583725 '( 3(5,*2 +$%) +$%) %.  
; 0DFKR SLQR 
 ,17(5583725 '( 3(5,*2 +$ +$ *1  
; 0DFKR SLQR 

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

;  7(&/$'2  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633; &% &% *1   )2/+$ 
 63%3; &% &% *1   )2/+$ 
 63$3; &% &% <(  
 633; &% &% %.   )2/+$ 

;  3$,1(/ '( ,167580(1726 '( 021,725$0(172 $9$1d$'2 $',& ,&8 &1  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; SLQR  /,)720$7,& &% &% 5'   )2/+$ 
 ; )rPHD SLQR  &% &% 5'  
75$160,66­2 
 ; )rPHD SLQR  &% &% :+   )2/+$ 
02725 
 ; SLQR  &% &% 71  
75$160,66­2 
 633; &% &% 5'  
 ; 0DFKR SLQR  &% &% 25  
$/$50( 9,%5$7Ï5,2
 ; 0DFKR SLQR  &% &% %/  
$/$50( 9,%5$7Ï5,2
 ; )rPHD SLQR & &% &% 97  
&+,&27( '2 7(72
 ; )rPHD SLQR  &% &% :+  
75$160,66­2 
 ; SLQR $ (&8 '2 &% &% /*  
3,6&$3,6&$
 ; )rPHD SLQR  &% &% *1  
75$160,66­2 
 ; SLQR  &% &% 71  
75$160,66­2 
 ; SLQR % (&8 '2 &% &% /*  
3,6&$3,6&$
 633; &% &% %/   )2/+$ 

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD


 ; 0DFKR SLQR * &% &% *1   )2/+$ 
',$*1Ï67,&2 
 ; )rPHD SLQR  &% &% *1   )2/+$ 
02725 
 ; )rPHD SLQR  &% &% 3.  
02725 
 ; SLQR  02725  &% &% <(   )2/+$ 
 63%3; &% &% *1   )2/+$ 
 63$3; &% &% <(   )2/+$ 

;   0DFKR


3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 63&3; &% &% 5'   )2/+$ 

;   0DFKR


3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 63'3; &% &% %.   )2/+$ 

;  /Æ03$'$ 7'3 ',$17(,5$  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633; &% &% 3.   )2/+$ 

;  /Æ03$'$ 7'3 ',$17(,5$  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR  &% &% 25   )2/+$ 
$&8&1

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

;  /Æ03$'$ 7'3 75$6(,5$  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633; &% &% *1   )2/+$ 

;  /Æ03$'$ 7'3 75$6(,5$  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; SLQR  &&8&1% &% &% %5   )2/+$ 

;   0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR  (1 (1 6/   )2/+$ 
02725 

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

;   0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633; (1 (1 *1   )2/+$ 

;  385,),&$'25 '( $5   0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR  (1 (1 6/   )2/+$ 
02725 

;  385,),&$'25 '( $5   0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633; (1 (1 %.   )2/+$ 

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

;B  6248(7( '2 75$,/(5  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633; 75 75 %5   )2/+$ 
 ; 0DFKR SLQR  75 75 %5  
75$160,66­2 

;B  6248(7( '2 75$,/(5  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR  75 75 5'   )2/+$ 
75$160,66­2 

;B  6248(7( '2 75$,/(5  0DFKR

 


$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD


 ; 0DFKR SLQR  75 75 %.   )2/+$ 
75$160,66­2 
 633; 75 75 %.  
 ; 0DFKR SLQR  75 75 %.  
75$160,66­2 

;B  6248(7( '2 75$,/(5  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR  75 75 *1   )2/+$ 
75$160,66­2 
 633; 75 75 *1  
 ; 0DFKR SLQR  75 75 *1  
75$160,66­2 

;B  6248(7( '2 75$,/(5  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR  75 75 :+   )2/+$ 
7(55$ 6248(7( '2
75$,/(5

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

;B  6248(7( '2 75$,/(5  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR  75 75 <(   )2/+$ 
75$160,66­2 
 633; 75 75 <(  
 ; 0DFKR SLQR  75 75 <(  
75$160,66­2 

;B  7(50,1$d­2 %86  )rPHD

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR  75 75 *<   )2/+$ 
75$160,66­2 
 ; SLQR  75 75 %/   )2/+$ 
75$160,66­2 
 63%3;   353  
 ;B SLQR  7(50,1$d­2 75 75 5'  
%86
 ;B SLQR  7(50,1$d­2 75 75 5'  
%86
 63$3;   5'  
 ; SLQR  75 75 5'  
75$160,66­2 
 ; 0DFKR SLQR  75 75 %.   )2/+$ 
7(55$ (+56

;B  7(50,1$d­2 %86 0DFKR


3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633;   6/   )2/+$ 
 63%3;   353   )2/+$ 
 63$3;   5'  
 633;   %.   )2/+$ 

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

;B  5(6,6725 '( 7(50,1$d­2 '2 %$55$0(172 )rPHD

;B  5(6,6725 '( 7(50,1$d­2 '2 %$55$0(172 0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633; 75 75 %/   )2/+$ 
 633; 75 75 5'  

; 7(55$  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633; 75 75 %.   )2/+$ 

;  7(55$ 6248(7( '2 75$,/(5  0DFKR

 


$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD


 ;B 0DFKR SLQR  75 75 :+   )2/+$ 
6248(7( '2 75$,/(5

;  7(55$ 9È/98/$6 5(027$6 (/(752+,'5È8/,&$6 (+5  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ;B )rPHD SLQR  75 75 %.   )2/+$ 
7(50,1$d­2 %86

;   0DFKR


3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 63$3;   5'   )2/+$ 

;   0DFKR


3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR    <(   )2/+$ 

;   0DFKR


3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633;   %/   )2/+$ 

;   0DFKR


3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633;   %.   )2/+$ 

;   0DFKR


3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633;   353   )2/+$ 

;   0DFKR


3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 63%3;   353   )2/+$ 

;   0DFKR


3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; )rPHD SLQR    5'   )2/+$ 

;   0DFKR


3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; )rPHD SLQR    *1   )2/+$ 

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

;   0DFKR


3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; )rPHD SLQR    :+   )2/+$ 

;   0DFKR


3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; )rPHD SLQR    %.   )2/+$ 

;   0DFKR


3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 63%3;   <(   )2/+$ 

;   0DFKR


3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 63$3;   *1   )2/+$ 

;   0DFKR


3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR    <(   )2/+$ 

;%  0DFKR
3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR    25   )2/+$ 

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH 


9  &21(&725 '2 ',2'2  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; )rPHD SLQR  &% &% %/   )2/+$ 
$',&,21( $6 /Æ03$'$6 +
12 7(72
 633; &% &% %/  

;  ,17(5583725 '2 /,03$'25 75$6(,52 ( ',$17(,52  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633; &% &% 71   )2/+$ 
 633; &% &% %.  
 ; 0DFKR SLQR  5 H 5 &% &% /*  
 ; )rPHD SLQR $ &% &% 5'  
&+,&27( '2 7(72
 ; )rPHD SLQR $ &% &% :+  
&+,&27( '2 7(72
 633; &% &% *1  
 ; 0DFKR SLQR  5 H 5 &% &% *1  
 ; 0DFKR SLQR  02725 &% &% 97  
'2 /$9$'25 ',$17(,52
 ; 0DFKR SLQR  5 H &% &% %/  
5

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

;  ,17(5583725 6+877/(  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633; &% &% *1   )2/+$ 
 ; 0DFKR SLQR  &% &% *<  
&&8&1%
 ; 0DFKR SLQR  &% &% *<  
&&8&1%
 ; 0DFKR SLQR &% &% :+  
 ,17(5583725 '$
(0%5($*(0
 633; &% &% %/   )2/+$ 
 633; &% &% :+   )2/+$ 
 633; &% &% <(   )2/+$ 
 633; &% &% %.  
 ; 0DFKR SLQR $ )5(,2 &% &% 25  
'( (67$&,21$0(172
(/(75Ð1,&2
 ; 0DFKR SLQR & )5(,2 &% &% %/  
'( (67$&,21$0(172
(/(75Ð1,&2

;  ,17(5583725 '$ /8= '( 3$5$'$ ',5(,7$  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 *1' 0DFKR SLQR  %7 %7 %.   )2/+$ 
 633; &% &% *1  
 633; &% &% *1   )2/+$ 
 633; &% &% *1  
 633; &% &% 5'  

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

;  ,17(5583725 '$ /8= '( 3$5$'$ ',5(,7$  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633; &% &% *1   )2/+$ 
 633; &% &% *1  
 633; &% &% *1  
 633; &% &% 5'  

;  &20321(17(6 (/(75Ð1,&26 '2 3('$/ '2 $&(/(5$'25  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR  &% &% *1   )2/+$ 
&&8&1%
 633; &% &% %/  
 633; &% &% 5'  
 ; 0DFKR SLQR  &% &% *1  
&&8&1%
 633; &% &% %.  
 633; &% &% %.  

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH 


;  75$160,66­2   )rPHD

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR  &% &% *1   )2/+$ 
$',&,&8 &1
 633; &% &% 5'   )2/+$ 
 633; &% &% 5'  
 633; &% &% *1  
 ; 0DFKR SLQR $ (&8 &% &% 71  
'2 3,6&$3,6&$
 ; 0DFKR SLQR $ (&8 &% &% 71  
'2 3,6&$3,6&$
 ; 0DFKR SLQR  &% &% 97   )2/+$ 
 ; 0DFKR SLQR  &% &% 71   )2/+$ 
$&8&1
 ; 0DFKR SLQR  &% &% 5'   )2/+$ 
$',&,&8 &1
 ; 0DFKR SLQR  &% &% 71   )2/+$ 
$&8&1
 ; 0DFKR SLQR  &% &% :+  
&&8&1%
 633; &% &% *1   )2/+$ 
 ; 0DFKR SLQR  &% &% 25   )2/+$ 
$&8&1
 ; 0DFKR SLQR  &% &% 25  
$&8&1
 ; 0DFKR SLQR  &% &% 3.   )2/+$ 
&&8&1$
 ; 0DFKR SLQR  &% &% 25   )2/+$ 
$&8&1$
 ; SLQR  &&8&1 &% &% <(   )2/+$ 
 ; 0DFKR SLQR  &% &% 25   )2/+$ 
$&8&1$
 ; 0DFKR SLQR  &% &% :+   )2/+$ 
 ; 0DFKR SLQR & ) 5 &% &% 71   )2/+$ 
( 5 ' 5 & 5 % 5
 633; &% &% %5  
 ; 0DFKR SLQR $ ) 5 &% &% %5  
( 5 ' 5 & 5 % 5
 ; 0DFKR SLQR  &% &% 25   )2/+$ 
$&8&1$
 ; 0DFKR SLQR  &% &% 71   )2/+$ 
$',&,&8 &1
 633; &% &% %.   )2/+$ 
 ; 0DFKR SLQR  &% &% 71   )2/+$ 
$',&,&8 &1
 633; &% &% %/   )2/+$ 
 ; 0DFKR SLQR  &% &% :+   )2/+$ 
$',&,&8 &1
 ; 0DFKR SLQR  &% &% 71   )2/+$ 
$&8&1$

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD


 ; 0DFKR SLQR $ &% &% *<   )2/+$ 
) 5 ( 5 ' 5
& 5 % 
 ; SLQR  &% &% 5'   )2/+$ 
 63$3;   5'  
 ; SLQR  &% &% %/  
 63%3;   353  
 ; 0DFKR SLQR  &% &% :+   )2/+$ 
$&8&1%
 ; 0DFKR SLQR  &% &% :+  
$&8&1%
 ; 0DFKR SLQR  &% &% :+  
$&8&1%
 ; 0DFKR SLQR  &% &% :+  
$&8&1%
 ; SLQR ,17(5583725 &% &% 71   )2/+$ 
'(69,$'25
 ; 0DFKR SLQR  &% &% :+   )2/+$ 
$&8&1%
 ; 0DFKR SLQR  &% &% 5'   )2/+$ 
&&8&1
 ; )rPHD SLQR  &% &% *1   )2/+$ 
 ; )rPHD SLQR  &% &% <(  
 ; SLQR  &% &% %.   )2/+$ 
 ; )rPHD SLQR  &% &% 5'  
 633; &% &% 25  
 633; &% &% %/  
 ; 0DFKR SLQR  &% &% <(   )2/+$ 
&&8&1%
 ; 0DFKR SLQR  &% &% 97   )2/+$ 
&&8&1$
 ; 0DFKR SLQR  &% &% %5   )2/+$ 
 ; 0DFKR SLQR % ) 5 &% &% 97   )2/+$ 
( 5 ' 5 & 5 % 5
 633; &% &% 3.   )2/+$ 
 ; 0DFKR SLQR  &% &% <(  
&&8&1%

;  75$160,66­2   0DFKR

 


$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD


 ; 0DFKR SLQR  75 75 *1   )2/+$ 
75$160,6625 '2 7$148(
'( &20%867Ë9(/
 ;B 0DFKR SLQR  75 75 %5   )2/+$ 
6248(7( '2 75$,/(5
 633; 75 75 %5  
 633; 75 75 %.  
 ;B 0DFKR SLQR  75 75 %.  
6248(7( '2 75$,/(5
 ;B 0DFKR SLQR  75 75 %.  
6248(7( '2 75$,/(5
 ;B 0DFKR SLQR  75 75 5'  
6248(7( '2 75$,/(5
 ;B 0DFKR SLQR  75 75 *1  
6248(7( '2 75$,/(5
 633; 75 75 *1  
 ;B 0DFKR SLQR  75 75 *1  
6248(7( '2 75$,/(5
 ;B 0DFKR SLQR  75 75 <(  
6248(7( '2 75$,/(5
 633; 75 75 <(  
 ;B 0DFKR SLQR  75 75 <(  
6248(7( '2 75$,/(5
 ; 0DFKR SLQR 75 75 353   )2/+$ 
 62/(12,'( '(
(0%5($*(0 &
 ; 0DFKR SLQR 75 75 97  
 62/(12,'( '(
(0%5($*(0 &
 ; )rPHD SLQR  9iOYXODV 75 75 71   )2/+$ 
GH 6)$
 ; )rPHD SLQR  9iOYXODV 75 75 71  
GH 6)$
 ; 0DFKR SLQR  75 75 5'   )2/+$ 
,17(5583725 '( &$5*$
+,'5267È7,&$ %$,;$
 ; 0DFKR SLQR  75 75 5'  
,17(5583725 '( &$5*$
+,'5267È7,&$ %$,;$
 ; )rPHD SLQR  9iOYXODV 75 75 71   )2/+$ 
GH 6)$
 ; )rPHD SLQR  9iOYXODV 75 75 71  
GH 6)$
 ; 0DFKR SLQR  75 75 :+  
9(/2&,'$'( ()(7,9$ '$
7'3
 633; 75 75 *1   )2/+$ 
 ; )rPHD SLQR  9iOYXODV 75 75 25   )2/+$ 
GH 6)$
 ; )rPHD SLQR  9iOYXODV 75 75 25  
GH 6)$
 ; )rPHD SLQR  9iOYXODV 75 75 25  
GH 6)$
 ; )rPHD SLQR  9iOYXODV 75 75 25  
GH 6)$
 ; 0DFKR SLQR  75 75 3.   )2/+$ 
62/(12,'( '( )$,;$
,17(50(',È5,$
 ; )rPHD SLQR  9iOYXODV 75 75 25   )2/+$ 
GH 6)$
 ; )rPHD SLQR  9iOYXODV 75 75 25  
GH 6)$
 ; SLQR  683(5 75 75 <(   )2/+$ 
5('8725
 ; SLQR  683(5 75 75 <(  
5('8725
 ; SLQR  75$160,6625 75 75 <(  
'( 7(03(5$785$ '2
Ï/(2 '$ 75$160,66­2
 ; )rPHD SLQR  9iOYXODV 75 75 25   )2/+$ 
GH 6)$
 ; )rPHD SLQR  9iOYXODV 75 75 25  
GH 6)$

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD


 ; 0DFKR SLQR  75 75 :+   )2/+$ 
62/(12,'( '( )$,;$
,17(50(',È5,$
 ; )rPHD SLQR  )5(,26 75 75 71   )2/+$ 
'2 75$,/(5 +,'5È8/,&2
 ; )rPHD SLQR  )5(,26 75 75 %5  
'2 75$,/(5 +,'5È8/,&2
 ; )rPHD SLQR  )5(,26 75 75 %5  
'2 75$,/(5 +,'5È8/,&2
 ; )rPHD SLQR  )5(,26 75 75 %5  
'( $5
 ; )rPHD SLQR  9iOYXODV 75 75 25   )2/+$ 
GH 6)$
 ; )rPHD SLQR  9iOYXODV 75 75 25  
GH 6)$
 ; )rPHD SLQR  )5(,26 75 75 71   )2/+$ 
'( $5
 633; 75 75 %.   )2/+$ 
 633; 75 75 71   )2/+$ 
 633; 75 75 %/   )2/+$ 
 ; 0DFKR SLQR 75 75 <(   )2/+$ 
 ,17(5583725 '(
35(66­2 3$6
 ; 0DFKR SLQR 75 75 :+  
 ,17(5583725 '(
35(66­2 3$3
 ; )rPHD SLQR  9iOYXODV 75 75 71   )2/+$ 
GH 6)$
 ; )rPHD SLQR  9iOYXODV 75 75 71  
GH 6)$
 ;B )rPHD SLQR  75 75 *<   )2/+$ 
7(50,1$d­2 %86
 ;B SLQR  7(50,1$d­2 75 75 5'   )2/+$ 
%86
 ; SLQR  75 75 %/  
75$160,66­2 
 ; SLQR  75 75 %/  
75$160,66­2 
 ;B SLQR  7(50,1$d­2 75 75 %/  
%86
 ; )rPHD SLQR 75 75 :+   )2/+$ 
 1,9(/$0(172 '$
$57,&8/$d­2
 ; )rPHD SLQR 75 75 :+  
 1,9(/$0(172 '$
$57,&8/$d­2
 ; )rPHD SLQR 75 75 :+  
 1,9(/$0(172 '$
$57,&8/$d­2
 ; )rPHD SLQR 75 75 :+  
 1,9(/$0(172 '$
$57,&8/$d­2
 ; 0DFKR SLQR  75 75 71   )2/+$ 
9È/98/$ '( '(69,2
 ; )rPHD SLQR 75 75 :+   )2/+$ 
 1,9(/$0(172 '$
$57,&8/$d­2
 ; )rPHD SLQR  %20%$ 75 75 %/   )2/+$ 
'( $/72 )/8;2
 ; 0DFKR SLQR  75 75 <(   )2/+$ 
6(1625 '( 9(/2&,'$'(
'( (175$'$ '( &'(
 ; 0DFKR SLQR 75 75 353   )2/+$ 
 327(1&,Ð0(752
0e',25(9(562
 ; 0DFKR SLQR $ ),/752 75 75 %5   )2/+$ 
+,'5È8/,&2 +3/ (1783,'2
,17(5583725 '( 9È&82
 ; 0DFKR SLQR 75 75 %5  
 75$160,6625 '(
7(03(5$785$ '2 Ï/(2
'$ 75$160,66­2

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD


 ; )rPHD SLQR  )5(,26 75 75 97   )2/+$ 
'( $5
 ; )rPHD SLQR  )5(,26 75 75 353  
'( $5
 ; 0DFKR SLQR 75 75 <(   )2/+$ 
 ,17(5583725 '(
35(66­2 

;  &21(&725 9(50(/+2  )rPHD

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR  3) %6 %6 5'   )2/+$ 
 ; 0DFKR SLQR  %6 %6 5'  

;  &21(&725 9(50(/+2  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR  &% &% 5'   )2/+$ 
$/,0(17$d­2 '$ &$,;$ '(
)86Ë9(,6

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

;  75$160,66­2   )rPHD

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR  &% &% <(   )2/+$ 
&&8&1%
 ; SLQR  &&8&1% &% &% %/   )2/+$ 
 ; 0DFKR SLQR  &% &% /*   )2/+$ 
&&8&1%
 ; 0DFKR SLQR  &% &% %5   )2/+$ 
&&8&1%
 ; 0DFKR SLQR  &% &% 25   )2/+$ 
&&8&1%
 ; 0DFKR SLQR  &% &% 25   )2/+$ 
&&8&1%
 ; 0DFKR SLQR  &% &% 25  
 ; 0DFKR SLQR  &% &% :+  
 ; 0DFKR SLQR  &% &% /%   )2/+$ 
&&8&1$
 ; 0DFKR SLQR  &% &% 97  
 ; 0DFKR SLQR  &% &% 97  
&&8&1%
 ; 0DFKR SLQR  &% &% <(   )2/+$ 
&&8&1%
 ; SLQR  &&8&1 &% &% 5'  
 ; 0DFKR SLQR  &% &% /%   )2/+$ 
&&8&1$
 ; 0DFKR SLQR  &% &% /%  
&&8&1%
 ; 0DFKR SLQR  &% &% :+   )2/+$ 
&&8&1
 ; 0DFKR SLQR  &% &% /%   )2/+$ 
&&8&1$
 ; 0DFKR SLQR  &% &% 97  
 633; &% &% %/  
 ; 0DFKR SLQR  &% &% 97  
&&8&1%
 ; 0DFKR SLQR  &% &% 71   )2/+$ 
&&8&1%
 ; 0DFKR SLQR  &% &% :+  
 ; 0DFKR SLQR  &% &% 97  
&&8&1%
 ; 0DFKR SLQR  &% &% *1  
&&8&1%
 ; 0DFKR SLQR  &% &% 25   )2/+$ 
$&8&1%
 ; 0DFKR SLQR  &% &% <(   )2/+$ 
&&8&1%
 ; 0DFKR SLQR  &% &% 25   )2/+$ 
&&8&1$
 ; 0DFKR SLQR  &% &% :+   )2/+$ 
&&8&1%
 ; 0DFKR SLQR  &% &% 71  
&&8&1%
 ; 0DFKR SLQR  &% &% %/  
&&8&1%

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD


 ; 0DFKR SLQR  &% &% *1   )2/+$ 
&&8&1%
 ; 0DFKR SLQR  &% &% 3.   )2/+$ 
 ; 0DFKR SLQR  &% &% 3.  
&&8&1$
 ; 0DFKR SLQR  &% &% 3.  
 ; 0DFKR SLQR  &% &% 3.  
&&8&1$
 ; 0DFKR SLQR  &% &% 71  
&&8&1%
 ; 0DFKR SLQR  &% &% 3.  
&&8&1%
 ; 0DFKR SLQR  &% &% 71  
&&8&1%
 ; SLQR  &&8&1$ &% &% 71   )2/+$ 
 ; 0DFKR SLQR  &% &% 71  
 ; 0DFKR SLQR  &% &% %/   )2/+$ 
&&8&1%
 ; 0DFKR SLQR  &% &% *<   )2/+$ 
&&8&1$
 ; 0DFKR SLQR  &% &% *<   )2/+$ 
&&8&1%
 ; 0DFKR SLQR  &% &% /%  
 ; SLQR  &&8&1 &% &% %/  
 ; 0DFKR SLQR  &% &% 3.   )2/+$ 
&&8&1%
 633; &% &% 71   )2/+$ 
 ; 0DFKR SLQR  &% &% /%   )2/+$ 
&&8&1$
 633; &% &% *1   )2/+$ 
 ; SLQR  &&8&1$ &% &% /*   )2/+$ 
 633; &% &% *1   )2/+$ 

;  75$160,66­2   0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR  75 75 <(   )2/+$ 
62/(12,'( :'
 ; )rPHD SLQR  75 75 %/   )2/+$ 
683(55('8725
 ; 0DFKR SLQR 75 75 /*   )2/+$ 
 62/(12,'( '(
75$9$0(172 '2
',)(5(1&,$/
 ; 0DFKR SLQR  75 75 /*  
62/(12,'( '$ 7'3
 ; 0DFKR SLQR  )5(,2 75 75 %5   )2/+$ 
'$ 7'3
 ; SLQR  62/(12,'( '$ 75 75 25   )2/+$ 
7'3
 ; 0DFKR SLQR 75 75 25  
 62/(12,'( '(
75$9$0(172 '2
',)(5(1&,$/

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD


 ; 0DFKR SLQR 75 75 25   )2/+$ 
 62/(12,'( '(
75$9$0(172 '2
',)(5(1&,$/
 ; 0DFKR SLQR 75 75 25  
 62/(12,'( '(
75$9$0(172 '2
',)(5(1&,$/
 ; 0DFKR SLQR  75 75 25  
6(1625 '( 9(/2&,'$'(
'$ 7'3
 ; 0DFKR SLQR  75 75 :+  
6(1625 '( 725d­2 '$
7'3
 ; 0DFKR SLQR 75 75 /%   )2/+$ 
 62/(12,'( '(
(0%5($*(0 %
 ; 0DFKR SLQR 75 75 353  
 62/(12,'( '(
(0%5($*(0 '
 ; 0DFKR SLQR 75 75 97  
 62/(12,'( '(
(0%5($*(0 '
 ; 0DFKR SLQR  75 75 97  
6(1625 '( 9(/2&,'$'(
'2 (,;2
 ; 0DFKR SLQR  75 75 353  
6(1625 '( 9(/2&,'$'(
'2 (,;2
 ; 0DFKR SLQR  75 75 <(   )2/+$ 
6(1625 '( 9(/2&,'$'(
0e',$ '$ 9(/2&,'$'( '(
6$Ë'$ '2 38
 ; SLQR  ,17(5583725 75 75 5'  
'( 35(66­2 '$ )$,;$
5(9(56$
 ; 0DFKR SLQR 75 75 /%   )2/+$ 
 62/(12,'( '(
(0%5($*(0 '
 ; 0DFKR SLQR 75 75 /%  
 62/(12,'( '(
(0%5($*(0 '
 ; 0DFKR SLQR 75 75 /%  
 62/(12,'( '(
(0%5($*(0 (
 ; 0DFKR SLQR  75 75 353   )2/+$ 
327(1&,Ð0(752 /(172 
5È3,'2
 ; 0DFKR SLQR 75 75 /%   )2/+$ 
 62/(12,'( '(
(0%5($*(0 $
 ; 0DFKR SLQR 75 75 97  
 62/(12,'( '(
(0%5($*(0 %
 ; 0DFKR SLQR 75 75 353  
 62/(12,'( '(
(0%5($*(0 %
 633; 75 75 %/  
 ; SLQR  327(1&,Ð0( 75 75 %/  
752 /(172  5È3,'2
 ; 0DFKR SLQR 75 75 97  
 62/(12,'( '(
(0%5($*(0 (
 ; 0DFKR SLQR 75 75 353  
 62/(12,'( '(
(0%5($*(0 (

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD


 ; SLQR   62/(12,'( 75 75 71   )2/+$ 
'( '(6&$5*$
 ; 0DFKR SLQR  75 75 :+  
62/(12,'( '( )$,;$ $/7$
 ; 0DFKR SLQR  75 75 353  
62/(12,'( '$ )$,;$
5(9(56$
 ; 0DFKR SLQR  75 75 97  
62/(12,'( '$ )$,;$
5(9(56$
 ; 0DFKR SLQR  75 75 *1  
62/(12,'( '$ )$,;$
5(9(56$
 ; )rPHD SLQR  75 75 71   )2/+$ 
9iOYXODV GH 6)$
 ; )rPHD SLQR  75 75 25  
9iOYXODV GH 6)$
 ; 0DFKR SLQR  75 75 <(   )2/+$ 
62/(12,'( '( )$,;$ %$,;$
 ; )rPHD SLQR  75 75 25   )2/+$ 
683(55('8725
 ; 0DFKR SLQR  75 75 :+   )2/+$ 
6(1625 '( 72548( 3 8 3
9(/2&,'$'( '2 92/$17(
 ; SLQR   62/(12,'( 75 75 71  
'( '(6&$5*$
 ; 0DFKR SLQR  75 75 *1   )2/+$ 
6(1625 7(03(5$785$ '(
Ï/(2 '$ 75$160,66­2
 ; 0DFKR SLQR  75 75 3.   )2/+$ 
$%$,;$0(172 '$ 9È/98/$
('&
 ; 0DFKR SLQR  75 75 3.  
$%$,;$0(172 '$ 9È/98/$
('&
 ; 0DFKR SLQR  75 75 3.  
(/(9$d­2 '$ 9È/98/$ '(
('&
 ; 0DFKR SLQR  75 75 3.  
(/(9$d­2 '$ 9È/98/$ '(
('&
 ; 0DFKR SLQR  3,12 75 75 71  
'( 75$d­2 (648(5'2
 633; 75 75 3.  
 ; 0DFKR SLQR  3,12 75 75 71  
'( 75$d­2 ',5(,72
 ; 0DFKR SLQR  75 75 71   )2/+$ 
 62/(12,'( '$
(1*5(1$*(0
 ; 0DFKR SLQR  75 75 71  
 62/(12,'( '$
(1*5(1$*(0
 ; )rPHD SLQR  75 75 %/   )2/+$ 
683(55('8725
 ; 0DFKR SLQR  75 75 *<   )2/+$ 
62/(12,'( '( )$,;$ $/7$
 ; 0DFKR SLQR  75 75 *<   )2/+$ 
62/(12,'( '( )$,;$ %$,;$
 ; 0DFKR SLQR 75 75 /%  
 62/(12,'( '(
(0%5($*(0 $
 633; 75 75 %/  
 ; 0DFKR SLQR  75 75 3.   )2/+$ 
327(1&,Ð0(752 '2 (,;2
26&,/$17(
 633; 75 75 71   )2/+$ 
 633; 75 75 71  
 ; 0DFKR SLQR 75 75 /%   )2/+$ 
 62/(12,'( '(
(0%5($*(0 &
 ; 0DFKR SLQR 75 75 /%  
 62/(12,'( '(
(0%5($*(0 &

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD


 ; 0DFKR SLQR  75 75 *1   )2/+$ 
6(1625 '( 9(/2&,'$'(
'$ 7'3
 ; 0DFKR SLQR  75 75 *1  
6(1625 '( 9(/2&,'$'(
'$ 7'3
 633; 75 75 *1   )2/+$ 

;   (1(5*,$ (  )rPHD

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR ' &% &% %/   )2/+$ 
) 5 ( 5 ' 5
& 5 % 
 633; &% &% 5'  

;   (1(5*,$ (  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR  %6 %6 %/   )2/+$ 
(/(75Ð1,&2 '$ &$%,1(
 ; 0DFKR SLQR  3) %6 %6 353  
 633; %6 %6 5'  
 ; 0DFKR SLQR  3) %6& %6& 5'  

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

;  02725   )rPHD

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR  &% &% 25   )2/+$ 
6(0 9È/98/$ '$ 3È
&$55(*$'(,5$ 
 ; 0DFKR SLQR  &% &% 25  
6(0 9È/98/$ '$ 3È
&$55(*$'(,5$ 
 ; 0DFKR SLQR  &% &% 25   )2/+$ 
$&8&1%
 ; 0DFKR SLQR  &% &% 71   )2/+$ 
$&8&1%
 ; 0DFKR SLQR  &% &% 71  
$&8&1%
 ; 0DFKR SLQR &   5'   )2/+$ 
$32,2 '( %5$d2 
 ; 0DFKR SLQR &   <(  
$32,2 '( %5$d2 
 ; 0DFKR SLQR &   %.  
$32,2 '( %5$d2 
 ; 0DFKR SLQR &   *1  
$32,2 '( %5$d2 
 633; &% &% 5'   )2/+$ 
 ; 0DFKR SLQR  &% &% 3.   )2/+$ 
$',&,&8 &1
 ; 0DFKR SLQR  &% &% 25   )2/+$ 
$&8&1
 ; 0DFKR SLQR  &% &% 5'  
$&8&1$
 633; &% &% %.   )2/+$ 
 ; 0DFKR SLQR  &% &% %5   )2/+$ 
$&8&1%
 633; &% &% %5  
 ; 0DFKR SLQR  &% &% <(   )2/+$ 
&&8&1%
 ; 0DFKR SLQR  &% &% *1  
&&8&1%
 ; 0DFKR SLQR  &% &% %/   )2/+$ 
$&8&1%
 633; &% &% /*  
 ; 0DFKR SLQR  &% &% %/   )2/+$ 
6(0 9È/98/$ '$ 3È
&$55(*$'(,5$ 
 ; 0DFKR SLQR  &% &% %/  
6(0 9È/98/$ '$ 3È
&$55(*$'(,5$ 
 ; 0DFKR SLQR  &% &% 25   )2/+$ 
$&8&1$
 ; 0DFKR SLQR  &% &% 25  
$&8&1%
 633; &% &% %.   )2/+$ 
 633; &% &% *1   )2/+$ 

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD


 ; 0DFKR SLQR  &% &% 5'   )2/+$ 
6(0 9È/98/$ '$ 3È
&$55(*$'(,5$ 
 ; 0DFKR SLQR  &% &% 5'  
6(0 9È/98/$ '$ 3È
&$55(*$'(,5$ 
 633; &% &% %.   )2/+$ 
 ; 0DFKR SLQR % &% &% /*   )2/+$ 
) 5 ( 5 ' 5
& 5 % 
 ; 0DFKR SLQR % &% &% /*  
) 5 ( 5 ' 5
& 5 % 
 ; )rPHD SLQR  &% &% %/  
&21752/( '2 $5
&21',&,21$'2
 ; )rPHD SLQR  &% &% 353  
&21752/( '2 $5
&21',&,21$'2
 ; )rPHD SLQR  &% &% 353  
&21752/( '2 $5
&21',&,21$'2
 ; )rPHD SLQR  &% &% %/  
&21752/( '2 $5
&21',&,21$'2
 633; &% &% %5  
 ; SLQR  &&8&1$ &% &% <(   )2/+$ 
 ; 0DFKR SLQR  &% &% <(  
&&8&1$
 633; &% &% 3.   )2/+$ 
 ; 0DFKR SLQR $ &% &% 97   )2/+$ 
0,1,)86Ë9(/ ) $ )
 633; &% &% <(   )2/+$ 
 ; 0DFKR SLQR & &% &% :+   )2/+$ 
) 5 ( 5 ' 5
& 5 % 
 633; &% &% :+  

;  02725   0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; )rPHD SLQR (1 (1 25   )2/+$ 
 9È/98/$ '$ 3È
&$55(*$'(,5$ 
 ; )rPHD SLQR (1 (1 25  
 9È/98/$ '$ 3È
&$55(*$'(,5$ 
 ; )rPHD SLQR  (1 (1 71   )2/+$ 

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD


 ; )rPHD SLQR  (1 (1 71   )2/+$ 
(1*$7( ',$17(,52 ( 7'3
',$17(,5$
 ; )rPHD SLQR  (1 (1 71  
(1*$7( ',$17(,52 ( 7'3
',$17(,5$
 ; )rPHD SLQR  ,62   5'   )2/+$ 
%86
 ; )rPHD SLQR  ,62   5'  
%86
 ; )rPHD SLQR  ,62   *1  
%86
 ; )rPHD SLQR  ,62   <(  
%86
 ; )rPHD SLQR  ,62   %.  
%86
 ; )rPHD SLQR  ,62   %.  
%86
 ; )rPHD SLQR  ,62   <(  
%86
 ; )rPHD SLQR  ,62   *1  
%86
 ; 0DFKR SLQR  (1 (1 5'   )2/+$ 
 ; 0DFKR SLQR  (1 (1 3.   )2/+$ 
6(1625 '2 Æ1*8/2 '(
',5(d­2
 ; )rPHD SLQR  (1 (1 25   )2/+$ 
(1*$7( ',$17(,52 ( 7'3
',$17(,5$
 ; 0DFKR SLQR  (1 (1 5'  
5(02726 0(&Æ1,&26
)+3/
 633; (1 (1 %.   )2/+$ 
 ; )rPHD SLQR  (1 (1 %5   )2/+$ 
(1*$7( ',$17(,52 ( 7'3
',$17(,5$
 ; )rPHD SLQR  (1 (1 %5  
(1*$7( ',$17(,52 ( 7'3
',$17(,5$
 ; 0DFKR SLQR  (1 (1 <(   )2/+$ 
 ; 0DFKR SLQR  (1 (1 *1  
 ; )rPHD SLQR  (1 (1 %/   )2/+$ 
 633; (1 (1 /*  
 ; )rPHD SLQR  (1 (1 25   )2/+$ 
(1*$7( ',$17(,52 ( 7'3
',$17(,5$
 ; )rPHD SLQR  (1 (1 25  
(1*$7( ',$17(,52 ( 7'3
',$17(,5$
 633; (1 (1 %.   )2/+$ 
 ; 0DFKR SLQR  (1 (1 *1   )2/+$ 
 ; )rPHD SLQR  (1 (1 5'   )2/+$ 
 ; )rPHD SLQR  (1 (1 5'  
 633; (1 (1 %.   )2/+$ 

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD


 ; 0DFKR SLQR  (1 (1 /*   )2/+$ 
 ; 0DFKR SLQR  (1 (1 /*  
 ; 0DFKR SLQR   353  
 ,17(5583725 '(
35(66­2 '2 $5
&21',&,21$'2
 ; 0DFKR SLQR (1 (1 %/  
 ,17(5583725 '(
35(66­2 '2 $5
&21',&,21$'2
 ; 0DFKR SLQR   38  
 ,17(5583725 '(
35(66­2 '2 $5
&21',&,21$'2
 ; 0DFKR SLQR (1 (1 %/  
 ,17(5583725 '(
35(66­2 '2 $5
&21',&,21$'2
 ; 0DFKR SLQR   %5  
 ,17(5583725 '(
35(66­2 '2 $5
&21',&,21$'2
 ; 0DFKR SLQR (1 (1 %5  
 ,17(5583725 '(
35(66­2 '2 $5
&21',&,21$'2
 ; 0DFKR SLQR (1 (1 <(   )2/+$ 
 ,17(5583725 '(
35(66­2 '2 $5
&21',&,21$'2
 ; 0DFKR SLQR   <(  
 ,17(5583725 '(
35(66­2 '2 $5
&21',&,21$'2
 ; )rPHD SLQR  (1 (1 3.   )2/+$ 
(1*$7( ',$17(,52 ( 7'3
',$17(,5$
 ;$ 0DFKR SLQR  (1 (1 :+   )2/+$ 
,62/$'25 '$ %$7(5,$
 ;$ 0DFKR SLQR  (1 (1 :+  
,62/$'25 '$ %$7(5,$

;  &21(&725 35(72  )rPHD

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ;$ 0DFKR SLQR  %6' %6' %.   )2/+$ 
 ; 0DFKR SLQR  %6 %6 %.  
%$7(5,$ 0 9(

;  &21(&725 35(72 0DFKR


3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR  7(55$ &% &% %.   )2/+$ 

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

;$   0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; )rPHD SLQR  %6' %6' %.   )2/+$ 
&21(&725 35(72

;  02725   )rPHD

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 63$3; &% &% <(   )2/+$ 
 ; 0DFKR SLQR $   <(  
$32,2 '( %5$d2 
 ; 0DFKR SLQR $   *1  
$32,2 '( %5$d2 
 63%3; &% &% *1  
 ; 0DFKR SLQR  &% &% %5   )2/+$ 
$&8&1%
 ; SLQR $ 5 H 5 &% &% 25   )2/+$ 
 ; SLQR % 0,1,)86Ë9(/ &% &% 25   )2/+$ 
) $ )
 ; 0DFKR SLQR % &% &% *1   )2/+$ 
0,1,)86Ë9(/ ) $ )
 633; &% &% *1  
 633; &% &% *1  
 ; 0DFKR SLQR  &% &% *1   )2/+$ 
 ; 0DFKR SLQR  &% &% /%   )2/+$ 
 ; 0DFKR SLQR ( &% &% 3.   )2/+$ 
',$*1Ï67,&2 
 ; 0DFKR SLQR %$ &% &% *1   )2/+$ 
5 H 5
 ; 0DFKR SLQR  &% &% /*   )2/+$ 
 ; 0DFKR SLQR  &% &% %5   )2/+$ 
&&8&1%
 ; 0DFKR SLQR  &% &% *<   )2/+$ 
 ; 0DFKR SLQR $ &% &% *1   )2/+$ 
0,1,)86Ë9(/ ) $ )

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD


 ; )rPHD SLQR  &% &% %/   )2/+$ 
$',&,21( $6 /Æ03$'$6 +
12 7(72
 ; )rPHD SLQR  &% &% %/  
,17(5583725 '$ /8= '(
)$52/ $8;,/,$5
 ; 0DFKR SLQR ) &% &% 97  
) 5 ( 5 ' 5
& 5 % 
 ; SLQR  ,17(5583725 &% &% 97   )2/+$ 
'$ /8= 35,1&,3$/
 633; &% &% %.   )2/+$ 
 633; &% &% %.  
 633; &% &% %.  
 ; SLQR  $',&,&8 &1 &% &% *1   )2/+$ 
 633; &% &% %.   )2/+$ 
 ; )rPHD SLQR  &% &% %/  
$',&,21( $6 /Æ03$'$6 +
12 7(72
 ; )rPHD SLQR  &% &% %/  
,17(5583725 '2 )$52/
$8;,/,$5
 633; &% &% *1   )2/+$ 
 ; 0DFKR SLQR  &% &% <(   )2/+$ 
$',&,&8 &1
 ; 0DFKR SLQR  &% &% *1   )2/+$ 
 ; 0DFKR SLQR  &% &% %5   )2/+$ 
 ; SLQR  $',&,&8 &1 &% &% :+  
 633; &% &% :+   )2/+$ 
 ; 0DFKR SLQR  &% &% *<   )2/+$ 
 633;   :+   )2/+$ 
 633; &% &% :+  
 ; )rPHD SLQR    :+  
02725 
 633; &% &% :+  
 ; )rPHD SLQR    :+  
02725 
 633; &% &% *1   )2/+$ 
 ; 0DFKR SLQR  &% &% %5   )2/+$ 
&&8&1%
 633; &% &% 71  
 ; SLQR  &% &% 3.   )2/+$ 

;  02725   0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR  (1 (1 <(   )2/+$ 
0Ï'8/2 '2 02725
%26&+ ('& 
 ; 0DFKR SLQR  (1 (1 *1  
0Ï'8/2 '2 02725
%26&+ ('& 

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD


 ; )rPHD SLQR  (1 (1 %5   )2/+$ 
(1*$7( ',$17(,52 ( 7'3
',$17(,5$
 ; 0DFKR SLQR  (1 (1 25   )2/+$ 
0Ï'8/2 '2 02725
%26&+ ('& 
 633; (1 (1 *1   )2/+$ 
 633; (1 (1 *1   )2/+$ 
 633; (1 (1 *1  
 633; (1 (1 *1  
 ; 0DFKR SLQR  (1 (1 /%   )2/+$ 
5(6(59$7Ï5,2 '( *È6
 ; SLQR  0Ï'8/2 '2 (1 (1 3.   )2/+$ 
02725 %26&+ ('& 
 ; 0DFKR SLQR  (1 (1 6/   )2/+$ 
 633; (1 (1 *1   )2/+$ 
 ; )rPHD SLQR  (1 (1 %/   )2/+$ 
 ; )rPHD SLQR  (1 (1 %/  
 ; )rPHD SLQR  (1 (1 3.  
 ; )rPHD SLQR  (1 (1 3.   )2/+$ 
 633; (1 (1 %.   )2/+$ 
 633; (1 (1 %.  
 633; (1 (1 %.  
 633; (1 (1 %.   )2/+$ 
 ; )rPHD SLQR  (1 (1 %/  
 ; )rPHD SLQR  (1 (1 %/  
 ; 0DFKR SLQR  (1 (1 *1   )2/+$ 
6(1625 '2 Æ1*8/2 '(
',5(d­2
 ; 0DFKR SLQR  (1 (1 *1  
6(1625 '2 Æ1*8/2 '(
',5(d­2
 ; SLQR  $/7(51$'25  (1 (1 %5   )2/+$ 
 ; 0DFKR SLQR  (1 (1 :+   )2/+$ 
0Ï'8/2 '2 02725
%26&+ ('& 
 ; 0DFKR SLQR  (1 (1 6/   )2/+$ 
385,),&$'25 '( $5 
 633; (1 (1 :+   )2/+$ 
 633;   :+  
 ; 0DFKR SLQR    :+  
02725 
 633; (1 (1 :+  
 ; 0DFKR SLQR    :+  
02725 
 633; (1 (1 *1   )2/+$ 

;  ',$*1Ï67,&2   0DFKR

 


$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD


$ 633; &% &% %.   )2/+$ 
% 633; &% &% *1  
& 63$3; &% &% 5'  
' 63%3; &% &% %/  
) ; SLQR  &% &% :+  
* ; SLQR  &% &% *1  

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH 


;  ',$*1Ï67,&2   0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
$ 633; &% &% %.   )2/+$ 
% 633; &% &% *1   )2/+$ 
& 63$3; &% &% <(   )2/+$ 
' 63%3; &% &% *1  
( ; )rPHD SLQR  &% &% 3.   )2/+$ 
02725 
* ; SLQR  $',&,&8 &1 &% &% *1   )2/+$ 
+ 63$3; &% &% <(   )2/+$ 
- 63%3; &% &% *1  

;$   0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633; &% &% %.   )2/+$ 

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

;%  7(55$  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633; &% &% %.   )2/+$ 

;&   0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633; &% &% %.   )2/+$ 

;  &21(&725 '( ',$*1Ï67,&2 '( (;,%,d­2 $9$1d$'$ '2 3$,1(/ '( ,167580(1726 $',&
 0DFKR

 


$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD


 ; 0DFKR SLQR  &% &% :+   )2/+$ 
 ; 0DFKR SLQR  &% &% 71  
 633; &% &% %.  

;  7(55$  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR  &% &% %.   )2/+$ 
&21(&725 35(72
 ;$ SLQR  6248(7( '2 &% &% %.  
,03/(0(172

;%  7(55$  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ;% )rPHD SLQR    %.   )2/+$ 
720$'$ 1(*$7,9$ '2
,03/(0(172

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

;  5 H 5  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; )rPHD SLQR $ &% &% *1   )2/+$ 
&+,&27( '2 7(72
 633; &% &% *1  
 633; &% &% %.  
 ; 0DFKR SLQR &% &% *1  
 ,17(5583725 '2
/,03$'25 ',$17(,52 (
75$6(,52
 ; )rPHD SLQR $ &% &% <(  
&+,&27( '2 7(72
 ; 0DFKR SLQR &% &% /*  
 ,17(5583725 '2
/,03$'25 ',$17(,52 (
75$6(,52
 633; &% &% *1  
 633; &% &% %.  
 ; 0DFKR SLQR &% &% %/  
 ,17(5583725 '2
/,03$'25 ',$17(,52 (
75$6(,52

;  5 H 5  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
$ ; 0DFKR SLQR $ &% &% %5   )2/+$ 
0Ï'8/2 0$;,)86(
$ 633; &% &% %.  
$ 633; &% &% *1  
$ 633; &% &% <(  
% ; 0DFKR SLQR % &% &% %5   )2/+$ 
0,1,)86Ë9(/ ) $ )

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD


% 633; &% &% %.   )2/+$ 
% ; 0DFKR SLQR  &% &% 5'   )2/+$ 
,17(5583725 '$ /8=
35,1&,3$/
% ; 0DFKR SLQR % &% &% %5  
0,1,)86Ë9(/ ) $ )

;  5 H 5  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
$ 633; &% &% %5   )2/+$ 
$ 633; &% &% %.  
$ 633; &% &% :+  
$ 633; &% &% :+  
% ; SLQR $ 0,1,)86Ë9(/ &% &% *1   )2/+$ 
) $ )
% 633; &% &% %.   )2/+$ 
% 633; &% &% *1   )2/+$ 
% 633; &% &% *1  

;  ) 5 ( 5 ' 5 & 5 % 5  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
$ 633; &% &% <(   )2/+$ 
$ 633; &% &% %.  
$ 633; &% &% *1  
$ ; )rPHD SLQR  &% &% %5  
75$160,66­2 
% 633; &% &% %.  
% ; 0DFKR SLQR $ )5(,2 &% &% :+  
'( (67$&,21$0(172
(/(75Ð1,&2
% 633; &% &% %/   )2/+$ 

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD


% 633; &% &% %5   )2/+$ 
% ; SLQR  &% &% 97  
75$160,66­2 
& ; )rPHD SLQR  &% &% 71  
75$160,66­2 
& 633; &% &% %.   )2/+$ 
& 633; &% &% %/   )2/+$ 
& 633; &% &% %5  
' 633; &% &% %/   )2/+$ 
' 633; &% &% %.   )2/+$ 
' ; SLQR $ 0,1,)86Ë9(/ &% &% %/   )2/+$ 
) $ )
' ; )rPHD SLQR  &% &% %/  
$',&,21( $6 /Æ03$'$6 +
12 7(72
( 633; &% &% *1  
( 633; &% &% %.   )2/+$ 
( ; SLQR $ 0,1,)86Ë9(/ &% &% *1   )2/+$ 
) $ )
( 633; &% &% *1  
) 633; &% &% %/  
) 633; &% &% %.   )2/+$ 
) 633; &% &% %/   )2/+$ 
) ; )rPHD SLQR  &% &% %/  
$',&,21( $6 /Æ03$'$6 +
12 7(72

;  5 H 5  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
$ 633; &% &% 25   )2/+$ 
$ ; )rPHD SLQR  &% &% 25  
02725 
$ 633; &% &% %5  
$ 633; &% &% %5  
% 633; &% &% :+   )2/+$ 
% 633; &% &% %.  
% ; 0DFKR SLQR  &% &% <(  
%$ ; SLQR  02725  &% &% *1   )2/+$ 

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

;  &21(&725 '2 ',2'2  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633; &% &% 5'   )2/+$ 
 633; &% &% <(  

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH 


;  &21(&725 '2 ',2'2  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633; &% &% 5'   )2/+$ 
 633; &% &% <(  

;  &21(&725 '2 021,725 '( (1*5(1$*(16 '2*  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
$ 633; &% &% *1   )2/+$ 
$ 633; &% &% 5'  
& 633; &% &% %.  
& 63$3; &% &% <(  
& 63%3; &% &% *1  

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

;  /,)720$7,&  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633; &% &% *1   )2/+$ 
 ; 0DFKR SLQR  &% &% 5'  
$',&,&8 &1

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH 


;  $&(/(5$'25 0$18$/  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633; &% &% %5   )2/+$ 
 633; &% &% *<  
 ; 0DFKR SLQR  &% &% *<  
&&8&1$
 633; &% &% 71  
 633; &% &% %.  

;  (&8 '2 3,6&$3,6&$  0DFKR

 


$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD


$ 633; &% &% *1   )2/+$ 
$ ; )rPHD SLQR % &% &% /*  
&+,&27( '2 7(72
$ ; SLQR  75$160,66­2 &% &% 71  

$ ; SLQR & &+,&27( '2 &% &% /*  
7(72
$ ; SLQR  75$160,66­2 &% &% 71  

$ ; )rPHD SLQR  &% &% *1  
&+,&27( '2 ,17(5583725
'( 3(5,*2
$ ; 0DFKR SLQR  &% &% /*  
$',&,&8 &1
$ 633; &% &% *1  
% 633; &% &% *1  
% ; 0DFKR SLQR  &% &% *1  
,17(5583725 '$ /8=
35,1&,3$/
% ; 0DFKR SLQR  &% &% *1  
,17(5583725 '$ /8=
35,1&,3$/
% ; )rPHD SLQR  &% &% *1  
&+,&27( '2 ,17(5583725
'( 3(5,*2
% ; 0DFKR SLQR  &% &% /*  
$',&,&8 &1
% 633; &% &% *1  
% 633; &% &% *1  
% 633; &% &% %.  
& ; 0DFKR SLQR  &% &% *1  
/Æ03$'$ '$ (;75(0,'$'(
',5(,7$
& ; 0DFKR SLQR  &% &% *1  
/Æ03$'$ '$ (;75(0,'$'(
(648(5'$
& ; 0DFKR SLQR  &% &% /*  
&&8&1$

;  $/$9$1&$ '( 08'$1d$ '( 0$5&+$  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633; &% &% *1   )2/+$ 
 633; &% &% *<  
 633; &% &% *<  
 633; &% &% *1  
 633; &% &% /%  

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

;$  ,17(5583725 '2 )5(,2 '$ 7'3 0217$'2 1$ $/$9$1&$  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR  &% &% 71   )2/+$ 
&&8&1%
 ; 0DFKR SLQR  &% &% 71  
,17(5583725 '2 )5(,2
'$ 7'3 75$6(,5$

;%  0(7$'( &255(6321'(17( '$ 7'3 /0  )rPHD

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ;% )rPHD &% &% 71   )2/+$ 
SLQR  0(7$'(
&255(6321'(17( '$
7'3 /0
 ;% )rPHD &% &% 71  
SLQR  0(7$'(
&255(6321'(17( '$
7'3 /0

;%  0(7$'( &255(6321'(17( '$ 7'3 /0 0DFKR

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH 


;  $/,0(17$d­2 '$ &$,;$ '( )86Ë9(,6  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR  &% &% 5'   )2/+$ 
&21(&725 9(50(/+2

;  ,17(5583725 '$ 7'3 ',$17(,5$  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633; &% &% 3.   )2/+$ 
 ; 0DFKR SLQR  &% &% 3.  
$&8&1%
 ; 0DFKR SLQR  &% &% 3.  
$&8&1%

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

;  327(1&,Ð0(752 '( /,0,7( '$ +3/ ',$17(,5$  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633; &% &% %.   )2/+$ 
 ; 0DFKR SLQR  &% &% %5  
$&8&1%
 633; &% &% %5  
 633; &% &% %5  
 ; 0DFKR SLQR  &% &% %5  
$&8&1%

;  $/$9$1&$6 '$ 9È/98/$ 5(027$ (/(752+,'5È8/,&$ (+5  0DFKR

 


$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD


$ 633; &% &% /*   )2/+$ 
$ ; 0DFKR SLQR  &% &% /*  
$&8&1$
$ ; 0DFKR SLQR  &% &% /*  
$&8&1$
$ ; 0DFKR SLQR  &% &% /*  
$&8&1$
$ ; 0DFKR SLQR  &% &% /*  
$&8&1$
$ ; 0DFKR SLQR  &% &% 97  
$&8&1%
$ ; 0DFKR SLQR  &% &% 25  
$&8&1$
$ ; 0DFKR SLQR  &% &% %/  
$&8&1$
% ; 0DFKR SLQR  &% &% :+  
$&8&1$
% ; 0DFKR SLQR  &% &% %/  
$&8&1$
% ; 0DFKR SLQR  &% &% 97  
$&8&1$
% ; 0DFKR SLQR  &% &% 97  
$&8&1$
% ; 0DFKR SLQR  &% &% 97  
$&8&1%
% ; 0DFKR SLQR  &% &% 97  
$&8&1%
% ; 0DFKR SLQR  &% &% 97  
$&8&1%
% 633; &% &% %5  
& ; SLQR  $&8&1% &% &% 25  
& ; 0DFKR SLQR  &% &% 25  
$&8&1%
& ; 0DFKR SLQR  &% &% 25  
$&8&1%
& ; 0DFKR SLQR  &% &% 97  
$&8&1$
& ; 0DFKR SLQR  &% &% *<  
& 633; &% &% %.  

;  3$,1(/ '( ,17(5583725(6  0DFKR

 


$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD


$ 633; &% &% %/   )2/+$ 
$ ; 0DFKR SLQR  &% &% 5'  
&&8&1
$ ; 0DFKR SLQR  &% &% 5'  
&&8&1
$ ; 0DFKR SLQR  &% &% <(  
&&8&1$
$ ; 0DFKR SLQR  &% &% <(  
&&8&1$
$ ; 0DFKR SLQR  &% &% <(  
&&8&1%
$ ; 0DFKR SLQR  &% &% /*  
&&8&1%
$ ; 0DFKR SLQR  &% &% :+  
&&8&1%
% ; SLQR  &&8&1% &% &% <(  
% ; 0DFKR SLQR  &% &% 5'  
&&8&1$
% ; 0DFKR SLQR  &% &% %5  
&&8&1
% ; 0DFKR SLQR  &% &% %5  
&&8&1$
% ; 0DFKR SLQR  &% &% %5  
&&8&1$
% ; 0DFKR SLQR  &% &% %5  
&&8&1$
% ; 0DFKR SLQR  &% &% 5'  
$&8&1$
% 633; &% &% %.  
& 633; &% &% *1  
& ; 0DFKR SLQR  &% &% %/  
$&8&1%
& ; 0DFKR SLQR  &% &% 25  
$&8&1
& ; 0DFKR SLQR  &% &% 5'  
&&8&1$
& ; 0DFKR SLQR  &% &% %5  
&&8&1%
& ; SLQR  &% &% :+  

;  ,17(5583725 '2 )5(,2 '( 7'3 75$6(,52  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ;$ 0DFKR SLQR  &% &% 71   )2/+$ 
,17(5583725 '2 )5(,2
'$ 7'3 0217$'2 1$
$/$9$1&$
 633; &% &% *1  
 ; SLQR  &&8&1% &% &% %5  

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

;  ,17(5583725 '$ 7'3 75$6(,5$  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633; &% &% *1   )2/+$ 
 ; 0DFKR SLQR  &% &% 25  
&&8&1$
 ; 0DFKR SLQR  &% &% 25  
&&8&1$

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH 


;  0Ï'8/2 0$;,)86(  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
$ ; SLQR $ 5 H 5 &% &% %5   )2/+$ 
$ 633; &% &% %5  
% 633; &% &% %5  
% 633; &% &% %5  
& 633; &% &% %5  
& 633; &% &% %5  

;  0,1,)86Ë9(/ ) 72 )  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
$ 633; &% &% 3.   )2/+$ 
$ 633; &% &% %5   )2/+$ 
$ ; 0DFKR SLQR  &% &% :+  
,17(5583725 '2 02725
'( 3$57,'$
$ ; )rPHD SLQR  &% &% 97  
02725 
$ ; SLQR  6248(7( '(  &% &% <(  
$
$ 633; &% &% 25   )2/+$ 
$ 633; &% &% 25  
$ 633; &% &% 25  
$ ; SLQR $ )5(,2 &% &% %5  
'( (67$&,21$0(172
(/(75Ð1,&2
$ ; )rPHD SLQR  &% &% 97  
$',&,21( $6 /Æ03$'$6 +
12 7(72

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD


$ ; SLQR  $',&,21( $6 &% &% 97   )2/+$ 
/Æ03$'$6 + 12 7(72
$ ; SLQR  $',&,21( $6 &% &% 5'  
/Æ03$'$6 + 12 7(72
$ ; SLQR  ,62/$'25 '$ &% &% 5'   )2/+$ 
%$7(5,$
% 633; &% &% %/   )2/+$ 
% 633; &% &% :+  
% 633; &% &% %5  
% 633; &% &% <(  
% 633; &% &% *1   )2/+$ 
% ; SLQR  02725  &% &% *1  
% ; )rPHD SLQR  &% &% 25  
02725 
% 633; &% &% %5  
% 633; &% &% %5  
% 633; &% &% 5'   )2/+$ 

;  0,1,)86Ë9(/ ) 72 )  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
$ ; SLQR  02725  &% &% *1   )2/+$ 
$ 633; &% &% 5'   )2/+$ 
$ 633; &% &% 5'  
$ 633; &% &% 5'  
$ 633; &% &% %/  
$ ; SLQR ' ) 5 ( 5 &% &% %/  
' 5 & 5 % 5
$ ; SLQR ) ) 5 ( 5 &% &% 97  
' 5 & 5 % 
$ ; SLQR $ &+,&27( '2 &% &% *1  
7(72
$ 633; &% &% 97  
$ ; SLQR ( ) 5 ( 5 &% &% *1  
' 5 & 5 % 
$ ; SLQR $ &+,&27( '2 &% &% 97   )2/+$ 
7(72
$ 633; &% &% *1  
$ 633; &% &% *1  
$ 633; &% &% 97  
$ 633; &% &% 97  
$ ; 0DFKR SLQR  &% &% <(  
$ 633; &% &% %/  
$ 633; &% &% *1  
$ 633; &% &% %5  
$ ; SLQR & &+,&27( '2 &% &% 5'  
7(72
% 633; &% &% <(   )2/+$ 
% ; SLQR % 5 H 5 &% &% %5   )2/+$ 
% ; SLQR % 5 H 5 &% &% %5  
% 633; &% &% %5  
% 633; &% &% %5  
% 633; &% &% %5  

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD


% 633; &% &% %5   )2/+$ 
% ; SLQR  0(0Ï5,$  &% &% %5   )2/+$ 
% 633; &% &% %/   )2/+$ 
% 633; &% &% %/  
% ; 0DFKR SLQR  &% &% :+  
,17(5583725 '2 02725
'( 3$57,'$

;  0,1,)86Ë9(/ ) 72 )  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
$ 633; &% &% 97   )2/+$ 
$ 633; &% &% 97  
$ ; SLQR % ) 5 ( 5 &% &% *1  
' 5 & 5 % 
$ ; SLQR  35,6,21(,526 &% &% 97  
'( $/,0(17$d­2
$ ; SLQR % 5 H 5 &% &% *1  
$ ; SLQR & &+,&27( '2 &% &% 97  
7(72
$ 633; &% &% %5  
$ ; SLQR  ,17(5583725 &% &% %5  
'2 02725 '( 3$57,'$
$ ; SLQR  $/,0(17$d­2 &% &% 25  
'$ 3È &$55(*$'(,5$
$ ;$ SLQR  6248(7( '2 &% &% <(  
,03/(0(172
$ 633; &% &% *1  
$ 633; &% &% 71  
$ ; SLQR ( ) 5 ( 5 &% &% *1  
' 5 & 5 % 5
$ 633; &% &% *1  
$ 633; &% &% *1  
$ 633; &% &% %/  
$ 633; &% &% <(  
$ 633; &% &% *1  
$ 633; &% &% 5'  
$ 633; &% &% *1  
% 633; &% &% %5  
% 633; &% &% %5  
% 633; &% &% %5  
% 633; &% &% <(  
% 633; &% &% <(  
% 633; &% &% <(  

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

;  ) 5 ( 5 ' 5 & 5 %   0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
$ ; 0DFKR SLQR &% &% *<   )2/+$ 
 ,17(5583725 '(
%/248(,2 (+5
$ 633; &% &% %.  
$ 633; &% &% 3.  
$ ; )rPHD SLQR  &% &% *<  
75$160,66­2 
% ; )rPHD SLQR  &% &% 25  
&21752/( '2 $5
&21',&,21$'2
% ; )rPHD SLQR  &% &% 25  
&21752/( '2 $5
&21',&,21$'2
% ; 0DFKR SLQR %   %.  
) 5 ( 5 ' 5
& 5 % 
% ; 0DFKR SLQR %   %.  
) 5 ( 5 ' 5
& 5 % 
% 633; &% &% %.  
% ; 0DFKR SLQR %   *1  
) 5 ( 5 ' 5
& 5 % 
% ; 0DFKR SLQR %   *1  
) 5 ( 5 ' 5
& 5 % 
% ; SLQR $ 0,1,)86Ë9(/ &% &% *1  
) $ )
% ; )rPHD SLQR  &% &% /*  
02725 
% ; )rPHD SLQR  &% &% /*  
02725 
& ; SLQR  ,62/$'25 '$ &% &% *1  
%$7(5,$
& 633; &% &% %.  
& ; SLQR  ,62/$'25 '$ &% &% :+  
%$7(5,$
& ; )rPHD SLQR  &% &% :+  
02725 
' 633; &% &% *1  
' 633; &% &% %.  
' ; SLQR   (1(5*,$ ( &% &% %/   )2/+$ 

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD


' 633; &% &% %/   )2/+$ 
( ; )rPHD SLQR % &% &% 5'  
&+,&27( '2 7(72
( 633; &% &% %.  
( ; 0DFKR SLQR $ &% &% *1  
0,1,)86Ë9(/ ) $ )
( 633; &% &% *1  
) ; )rPHD SLQR % &% &% 5'  
&+,&27( '2 7(72
) 633; &% &% %.  
) ; 0DFKR SLQR $ &% &% 97  
0,1,)86Ë9(/ ) $ )
) ; )rPHD SLQR  &% &% 97  
02725 

;  ,17(5583725 '(69,$'25  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633; &% &% %5   )2/+$ 
 ; )rPHD SLQR  &% &% 71  
75$160,66­2 

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH 


;  $32,2 '( %5$d2   )rPHD

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
$ ; 0DFKR SLQR    %5   )2/+$ 
$ 63$3;   <(   )2/+$ 
$ 63%3;   *1  
$ ; 0DFKR SLQR    5'   )2/+$ 
$ ; 0DFKR SLQR    353  
$ ; 0DFKR SLQR  &% &% 71   )2/+$ 
&&8&1%
$ ; 0DFKR SLQR  &% &% %/  
&&8&1%
$ 633; &% &% *<   )2/+$ 
% ; 0DFKR SLQR    353   )2/+$ 
% ; 0DFKR SLQR  &% &% 3.   )2/+$ 
&&8&1%
% ; 0DFKR SLQR  &% &% /%  
&&8&1%
% ; 0DFKR SLQR  &% &% 71  
&&8&1%
% ; 0DFKR SLQR  &% &% 71  
&&8&1%
% 633; &% &% %.   )2/+$ 
% 633; &% &% /%   )2/+$ 
% ; 0DFKR SLQR    %.   )2/+$ 
& 63&3;   %.   )2/+$ 
& ; 0DFKR SLQR    *1  
& ; 0DFKR SLQR    <(   )2/+$ 
& 63'3;   5'   )2/+$ 
& ; 0DFKR SLQR    %.   )2/+$ 

;  $32,2 '( %5$d2  0DFKR


3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
$ 633; &% &% *<   )2/+$ 
$ ; 0DFKR SLQR  &% &% /%   )2/+$ 
&&8&1%
$ ; 0DFKR SLQR  &% &% /%  
&&8&1%
$ 633; &% &% %5   )2/+$ 
$ 633; &% &% 71  
$ ; 0DFKR SLQR    *1   )2/+$ 
$ ; 0DFKR SLQR    :+  
$ ; 0DFKR SLQR    3.   )2/+$ 
% 633; &% &% *<   )2/+$ 
% ; 0DFKR SLQR    25   )2/+$ 
% ; 0DFKR SLQR    25  
% ; 0DFKR SLQR    3.  
% ; 0DFKR SLQR    3.  
% ; 0DFKR SLQR    %5   )2/+$ 
% ; 0DFKR SLQR    25   )2/+$ 

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD


% 633; &% &% *1   )2/+$ 
& ; 0DFKR SLQR  &% &% 25   )2/+$ 
&&8&1$
& ; 0DFKR SLQR  &% &% <(  
& ; 0DFKR SLQR  &% &% <(  
& ; SLQR  &% &% 3.   )2/+$ 
& ; 0DFKR SLQR  &% &% /%   )2/+$ 
& ; 0DFKR SLQR  &% &% 5'   )2/+$ 
&&8&1$
& ; 0DFKR SLQR  &% &% /%   )2/+$ 
&&8&1$
& ; SLQR  &&8&1$ &% &% 25   )2/+$ 

;  &21(&725 '2 $66(172  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633; &% &% 5'   )2/+$ 
 ; 0DFKR SLQR  &% &% 25   )2/+$ 
&&8&1
 633; &% &% *1   )2/+$ 
 633; &% &% %.   )2/+$ 

;  $/,0(17$d­2 '$ 3È &$55(*$'(,5$  )rPHD

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; SLQR $ 0,1,)86Ë9(/ &% &% 25   )2/+$ 
) $ )
 633; &% &% %.   )2/+$ 

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

;  $/,0(17$d­2 '$ 3È &$55(*$'(,5$  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633; 5( 5( 25   )2/+$ 
 633; 5( 5( %.   )2/+$ 

;$  $/,0(17$d­2 '$ 3È &$55(*$'(,5$  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633; 5( 5( 25   )2/+$ 
 633; 5( 5( %.  

;  -2<67,&.  0DFKR

 


$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD


 633; &% &% %5   )2/+$ 
 63$3; &% &% 5'  
 63%3; &% &% %/  
 633; &% &% %.  
 ; 0DFKR SLQR  &% &% %/  
&&8&1
 ; 0DFKR SLQR  &% &% <(  
&&8&1

;  9È/98/$ '$ 3È &$55(*$'(,5$ 1ž   )rPHD

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633;   <(   )2/+$ 

;  9È/98/$ '$ 3È &$55(*$'(,5$ 1ž   0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; )rPHD SLQR  &% &% 5'   )2/+$ 
02725 
 ; )rPHD SLQR  &% &% 5'  
02725 

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

;  9È/98/$ '$ 3È &$55(*$'(,5$ 1ž   )rPHD

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633;   25   )2/+$ 
 633;   25  

;  9È/98/$ '$ 3È &$55(*$'(,5$ 1ž   0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; )rPHD SLQR  02725 &% &% 25   )2/+$ 

 ; )rPHD SLQR  02725 &% &% 25  


;$  7(55$  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633; &% &% %.   )2/+$ 

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

;% 7(55$  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633; &% &% %.   )2/+$ 

;&  7(55$  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633; &% &% %.   )2/+$ 
 633; &% &% %.  

;'  7(55$ '2 &21(&725 '( $5  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633; &% &% %.   )2/+$ 

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

;  6(0 9È/98/$ '$ 3È &$55(*$'(,5$   0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; )rPHD SLQR  &% &% %/   )2/+$ 
02725 
 ; )rPHD SLQR  &% &% %/  
02725 

;  $32,2 '( %5$d2   )rPHD

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
$ 63&3;   <(   )2/+$ 
$ 63'3;   *1  
& 63&3;   %.   )2/+$ 
& ; 0DFKR SLQR    *1  
& ; 0DFKR SLQR    <(  
& 63'3;   5'  

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

;  $32,2 '( %5$d2   0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
$ ; )rPHD SLQR  02725   <(   )2/+$ 

$ ; )rPHD SLQR  02725   *1  

& ; )rPHD SLQR  02725   %.   )2/+$ 

& ; )rPHD SLQR  02725   *1  

& ; )rPHD SLQR  02725   <(  

& ; )rPHD SLQR  02725   5'  


;  5$'$5   0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR  &% &% 97   )2/+$ 
 ; 0DFKR SLQR  &% &% 97  
 ; 0DFKR SLQR  &% &% 97  
 ; 0DFKR SLQR  &% &% 97  
 ; 0DFKR SLQR  &% &% 97  
 633; &% &% *1  
 633; &% &% %.  

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH 


;   0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633; &% &% :+   )2/+$ 
 633; &% &% :+  

;  0DFKR
3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ;$ )rPHD SLQR  5( 5( 5'   )2/+$ 
,17(5)$&( &&8

; 81,'$'( '( &21752/( &(175$/ &&8 &1$  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633; &% &% %/   )2/+$ 
 633; &% &% %/  
 633; &% &% %/  
 ; )rPHD SLQR  &% &% /%  
75$160,66­2 
 ; )rPHD SLQR  &% &% 3.   )2/+$ 
75$160,66­2 
 ; )rPHD SLQR  &% &% /%   )2/+$ 
75$160,66­2 
 ; )rPHD SLQR  &% &% /%  
75$160,66­2 
 ; 0DFKR SLQR &% &% 5'   )2/+$ 
 ,17(5583725 '$
(0%5($*(0
 ; )rPHD SLQR  &% &% *<   )2/+$ 
75$160,66­2 
 ; )rPHD SLQR  &% &% 71  
75$160,66­2 

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD


 ; )rPHD SLQR  &% &% /%   )2/+$ 
75$160,66­2 
 ; )rPHD SLQR  &% &% 3.   )2/+$ 
75$160,66­2 
 ; )rPHD SLQR  &% &% 3.   )2/+$ 
75$160,66­2 
 633; &% &% 97   )2/+$ 
 63$3; &% &% <(   )2/+$ 
 63%3; &% &% *1  
 ; 0DFKR SLQR  7(55$ &% &% 25   )2/+$ 
'$ &$5&$d$
 633; &% &% %5   )2/+$ 
 63$3; &% &% 5'   )2/+$ 
 63%3; &% &% %/  
 633; &% &% %.   )2/+$ 
 633; &% &% %.   )2/+$ 
 633; &% &% %.  

; 81,'$'( '( &21752/( &(175$/ &&8 &1%  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR &% &% *1   )2/+$ 
 &20321(17(6
(/(75Ð1,&26 '2 3('$/
'2 $&(/(5$'25
 ; )rPHD SLQR  &% &% 3.   )2/+$ 
75$160,66­2 
 ; SLQR $ $32,2 '( &% &% 71   )2/+$ 
%5$d2 
 ; SLQR % $32,2 '( &% &% 71  
%5$d2 
 ; SLQR % $32,2 '( &% &% 3.  
%5$d2 
 ; SLQR % $32,2 '( &% &% 71  
%5$d2 
 ; SLQR % $32,2 '( &% &% /%   )2/+$ 
%5$d2 
 ; SLQR $ $32,2 '( &% &% %/  
%5$d2 
 ; )rPHD SLQR  &% &% 71  
75$160,66­2 
 ; )rPHD SLQR  &% &% 71  
75$160,66­2 
 633; &% &% *1   )2/+$ 
 ; 0DFKR SLQR  &% &% *<   )2/+$ 
,17(5583725 6+877/(
 ; 0DFKR SLQR  &% &% *<  
,17(5583725 6+877/(
 ; )rPHD SLQR  &% &% *1  
75$160,66­2 
 633; &% &% 71   )2/+$ 
 633; &% &% *1   )2/+$ 

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD


 ; SLQR $ $32,2 '( &% &% /%   )2/+$ 
%5$d2 
 ; )rPHD SLQR  &% &% <(  
02725 
 ; SLQR $ $32,2 '( &% &% /%  
%5$d2 
 633; &% &% :+   )2/+$ 
 633; &% &% 5'   )2/+$ 
 633; &% &% 5'  
 ; )rPHD SLQR  &% &% <(   )2/+$ 
75$160,66­2 
 ; )rPHD SLQR  &% &% 3.   )2/+$ 
75$160,66­2 
 633; &% &% <(   )2/+$ 
 633; &% &% 3.   )2/+$ 
 633; &% &% 3.  
 ; )rPHD SLQR  &% &% *1  
02725 
 ; )rPHD SLQR  &% &% 97   )2/+$ 
75$160,66­2 

;  81,'$'( '( &21752/( &(175$/ &&8 &1$  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633; &% &% *<   )2/+$ 
 ; )rPHD SLQR  &% &% 97   )2/+$ 
75$160,66­2 
 ; )rPHD SLQR  &% &% :+   )2/+$ 
&21(&725 '2 3$5$/$0$
(648(5'2  '( 68%,'$
+3/
 ; SLQR % 3$,1(/ '( &% &% %5   )2/+$ 
,17(5583725(6
 ; SLQR % 3$,1(/ '( &% &% %5  
,17(5583725(6
 ; SLQR & $32,2 '( &% &% /%   )2/+$ 
%5$d2 
 ; SLQR & $32,2 '( &% &% 25   )2/+$ 
%5$d2 
 ; SLQR % 3$,1(/ '( &% &% %5   )2/+$ 
,17(5583725(6
 ; )rPHD SLQR  &% &% 25   )2/+$ 
75$160,66­2 
 633; &% &% *<  
 633; &% &% *<   )2/+$ 
 ; SLQR  ,17(5583725 &% &% 25   )2/+$ 
7'3 75$6(,5$
 ; SLQR  ,17(5583725 &% &% 25  
7'3 75$6(,5$
 ; )rPHD SLQR  &% &% <(   )2/+$ 
02725 
 ; )rPHD SLQR  &% &% <(  
02725 

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD


 ; SLQR & (&8 '2 &% &% /*   )2/+$ 
3,6&$3,6&$
 ; 0DFKR SLQR &% &% *<   )2/+$ 
 ,17(5583725 '(
%/248(,2 (+5
 ; SLQR  $&(/(5$'25 &% &% *<  
0$18$/
 633; &% &% :+   )2/+$ 
 ; )rPHD SLQR  &% &% /*   )2/+$ 
75$160,66­2 
 ; SLQR & 3$,1(/ '( &% &% 5'   )2/+$ 
,17(5583725(6
 ; SLQR % 3$,1(/ '( &% &% 5'   )2/+$ 
,17(5583725(6
 ; SLQR & $32,2 '( &% &% 5'   )2/+$ 
%5$d2 
 ; SLQR $ 3$,1(/ '( &% &% <(   )2/+$ 
,17(5583725(6
 ; SLQR $ 3$,1(/ '( &% &% <(  
,17(5583725(6
 ; SLQR & $32,2 '( &% &% 25   )2/+$ 
%5$d2 

;  81,'$'( '( &21752/( &(175$/ &&8 &1%  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; )rPHD SLQR  &% &% 97   )2/+$ 
75$160,66­2 
 ; SLQR  &% &% %/   )2/+$ 
75$160,66­2 
 ; )rPHD SLQR  &% &% <(   )2/+$ 
75$160,66­2 
 ; )rPHD SLQR  &% &% 97   )2/+$ 
75$160,66­2 
 ; )rPHD SLQR  &% &% %/   )2/+$ 
75$160,66­2 
 ; SLQR  &% &% 71   )2/+$ 
75$160,66­2 
 ; )rPHD SLQR  &% &% *1  
75$160,66­2 
 ; )rPHD SLQR  &% &% %5   )2/+$ 
75$160,66­2 
 ; )rPHD SLQR  &% &% /*   )2/+$ 
75$160,66­2 
 ; SLQR  &% &% 71  
75$160,66­2 
 ; SLQR & 3$,1(/ '( &% &% %5   )2/+$ 
,17(5583725(6
 ; )rPHD SLQR  &% &% %/   )2/+$ 
75$160,66­2 
 ; )rPHD SLQR  &% &% /%   )2/+$ 
75$160,66­2 
 ; )rPHD SLQR  &% &% 25   )2/+$ 
75$160,66­2 

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD


 ; )rPHD SLQR  &% &% *<   )2/+$ 
75$160,66­2 
 ; SLQR  02725  &% &% %5   )2/+$ 
 ; )rPHD SLQR  &% &% <(   )2/+$ 
75$160,66­2 
 ; )rPHD SLQR  &% &% 25   )2/+$ 
75$160,66­2 
 ; )rPHD SLQR  &% &% <(   )2/+$ 
75$160,66­2 
 ; )rPHD SLQR  &% &% <(   )2/+$ 
75$160,66­2 
 ; )rPHD SLQR  &% &% %5   )2/+$ 
02725 
 ; )rPHD SLQR  &% &% :+   )2/+$ 
75$160,66­2 
 ; 0DFKR SLQR  &% &% %5   )2/+$ 
,17(5583725 '2 )5(,2
'$ 7'3 75$6(,5$
 ;$ 0DFKR SLQR  &% &% 71   )2/+$ 
,17(5583725 '2 )5(,2
'$ 7'3 0217$'2 1$
$/$9$1&$
 633; &% &% %/   )2/+$ 
 ; 0DFKR SLQR  /8= &% &% %5   )2/+$ 
'$ 7'3 75$6(,5$
 ; SLQR $ 3$,1(/ '( &% &% <(   )2/+$ 
,17(5583725(6
 ; SLQR $ 3$,1(/ '( &% &% /*   )2/+$ 
,17(5583725(6
 ; SLQR % 3$,1(/ '( &% &% <(   )2/+$ 
,17(5583725(6
 ; SLQR $ 3$,1(/ '( &% &% :+  
,17(5583725(6
 ; 0DFKR SLQR &% &% *1   )2/+$ 
 &20321(17(6
(/(75Ð1,&26 '2 3('$/
'2 $&(/(5$'25
 ; )rPHD SLQR  &% &% :+   )2/+$ 
75$160,66­2 
 633; &% &% %/   )2/+$ 

;  7(55$ '$ &$5&$d$  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; SLQR  $&8&1$ &% &% %.   )2/+$ 
 ; SLQR  &&8&1$ &% &% 25  
 633; &% &% %.  

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

; 81,'$'( '( &21752/( &(175$/ &&8 &1  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633; &% &% /%   )2/+$ 
 ; SLQR  -2<67,&. &% &% %/  
 ; SLQR  -2<67,&. &% &% <(  
 ; SLQR $ 3$,1(/ '( &% &% 5'   )2/+$ 
,17(5583725(6
 ; SLQR  ',5(d­2 &% &% 25   )2/+$ 
5È3,'$
 ; )rPHD SLQR  &% &% <(   )2/+$ 
75$160,66­2 
 ; 0DFKR SLQR  &% &% 25   )2/+$ 
&21(&725 '2 $66(172
 633; &% &% 5'   )2/+$ 
 ; )rPHD SLQR  &% &% %/  
75$160,66­2 
 ; SLQR % 3$,1(/ '( &% &% %5   )2/+$ 
,17(5583725(6
 ; )rPHD SLQR  &% &% :+   )2/+$ 
75$160,66­2 
 ; )rPHD SLQR  &% &% 5'   )2/+$ 
75$160,66­2 
 ; 0DFKR SLQR  &% &% <(   )2/+$ 
327(1&,Ð0(752 '$
(0%5($*(0
 ; )rPHD SLQR  &% &% 5'   )2/+$ 
75$160,66­2 
 ; SLQR $ 3$,1(/ '( &% &% 5'   )2/+$ 
,17(5583725(6
 ; 0DFKR SLQR &% &% *<   )2/+$ 
 ,17(5583725 '(
%/248(,2 (+5
 ; 0DFKR SLQR  &% &% :+  
'(7(&d­2 '2 (1*$7(
',$17(,52

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

;  81,'$'( '( &21752/( $8;,/,$5 $&8 &1  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; )rPHD SLQR  &% &% 25   )2/+$ 
75$160,66­2 
 ; )rPHD SLQR  &% &% 71  
75$160,66­2 
 ; )rPHD SLQR  &% &% 71  
75$160,66­2 
 ; )rPHD SLQR  &% &% 25   )2/+$ 
02725 
 ; )rPHD SLQR  &% &% 25   )2/+$ 
75$160,66­2 
 ; SLQR & 3$,1(/ '( &% &% 25   )2/+$ 
,17(5583725(6
 ; SLQR  /8= '$ 7'3 &% &% 25  
',$17(,5$
 633; &% &% %.   )2/+$ 
 633; &% &% %.  

;  81,'$'( '( &21752/( $8;,/,$5 $&8 &1$  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633; &% &% %5   )2/+$ 
 633; &% &% %5  
 633; &% &% %5  
 ; )rPHD SLQR  &% &% 25   )2/+$ 
75$160,66­2 
 ; )rPHD SLQR  &% &% 71  
75$160,66­2 
 633; &% &% 3.   )2/+$ 
 ; )rPHD SLQR  &% &% 25   )2/+$ 
75$160,66­2 
 ; )rPHD SLQR  &% &% 25  
75$160,66­2 

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD


 ; )rPHD SLQR  &% &% 5'   )2/+$ 
02725 
 ; )rPHD SLQR  &% &% 25  
02725 
 633; &% &% 97   )2/+$ 
 63$3; &% &% <(   )2/+$ 
 63%3; &% &% *1  
 ; 0DFKR SLQR  7(55$ &% &% %.   )2/+$ 
'$ &$5&$d$
 633; &% &% %5  
 63$3; &% &% 5'   )2/+$ 
 63%3; &% &% %/  
 633; &% &% %.   )2/+$ 
 633; &% &% %.   )2/+$ 
 633; &% &% %.  

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH 


;  81,'$'( '( &21752/( $8;,/,$5 $&8 $X[LOLDU\ &RQWURO 8QLW &1%  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; )rPHD SLQR  &% &% %5   )2/+$ 
02725 
 ; SLQR  327 '( /,0,7( &% &% %5  
'$ +3/ ',$17(,5$
 ; )rPHD SLQR  02725 &% &% 25  

 ; )rPHD SLQR  &% &% %/  
02725 
 ; SLQR  ,17(5583725 &% &% 3.  
'$ 7'3 ',$17(,5$
 ; SLQR  ,17(5583725 &% &% 3.  
'$ 7'3 ',$17(,5$
 633; &% &% %5  
 633; &% &% /*  
 ; SLQR  327 '( /,0,7( &% &% %5  
'$ +3/ ',$17(,5$
 ; )rPHD SLQR  02725 &% &% 71  

 633; &% &% :+  
 ; )rPHD SLQR  &% &% %5  
02725 
 ; )rPHD SLQR  &% &% 25  
75$160,66­2 
 ; )rPHD SLQR  02725 &% &% 71  

 ; SLQR & 3$,1(/ '( &% &% %/  
,17(5583725(6
 ; SLQR & $/$9$1&$6 &% &% 25  
(+5

; 81,'$'( '( &21752/( $8;,/,$5 $&8 &1%  0DFKR

 


$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD


 ; )rPHD SLQR  &% &% :+   )2/+$ 
75$160,66­2 
 ; )rPHD SLQR  &% &% :+  
75$160,66­2 
 ; )rPHD SLQR  &% &% :+  
75$160,66­2 
 ; SLQR  ,17(5583725 &% &% :+  
'( 6(/(d­2 (+5
 ; )rPHD SLQR  &% &% :+  
75$160,66­2 
 ; )rPHD SLQR  &% &% :+  
75$160,66­2 
 ; )rPHD SLQR  &% &% 25  
02725 
 633; &% &% 3.  
 ; 0DFKR SLQR $ &% &% 97  
$/$9$1&$6 (+5
 ; 0DFKR SLQR % &% &% 97  
$/$9$1&$6 (+5
 ; 0DFKR SLQR % &% &% 97  
$/$9$1&$6 (+5
 ; 0DFKR SLQR % &% &% 97  
$/$9$1&$6 (+5
 ; 0DFKR SLQR & &% &% 25  
$/$9$1&$6 (+5
 ; SLQR  ,17(5583725 &% &% :+  
'( 6(/(d­2 (+5
 ; 0DFKR SLQR & &% &% 25  
$/$9$1&$6 (+5
 ; SLQR  ,17(5583725 &% &% :+  
'$ $57,&8/$d­2
683(5,25
 633; &% $&8&1% 3.  

;  81,'$'( '( &21752/( $8;,/,$5 $&8 &1$  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR $ &% &% 25   )2/+$ 
$/$9$1&$6 (+5
 ; 0DFKR SLQR $ &% &% %/  
$/$9$1&$6 (+5
 ; 0DFKR SLQR % &% &% :+  
$/$9$1&$6 (+5
 ; 0DFKR SLQR % &% &% %/  
$/$9$1&$6 (+5
 ; SLQR % 3$,1(/ '( &% &% 5'   )2/+$ 
,17(5583725(6

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD


 ; 0DFKR SLQR % &% &% 97   )2/+$ 
$/$9$1&$6 (+5
 ; 0DFKR SLQR & &% &% 97  
$/$9$1&$6 (+5
 ; 0DFKR SLQR $ &% &% /*  
$/$9$1&$6 (+5
 ; 0DFKR SLQR $ &% &% /*  
$/$9$1&$6 (+5
 ; 0DFKR SLQR $ &% &% /*  
$/$9$1&$6 (+5
 ; 0DFKR SLQR $ &% &% /*  
$/$9$1&$6 (+5
 ; 0DFKR SLQR % &% &% 97  
$/$9$1&$6 (+5
 ; SLQR  ,17(5583725 &% &% :+   )2/+$ 
'$ $57,&8/$d­2
683(5,25
 ; SLQR  ,17(5583725 &% &% :+  
'$ $57,&8/$d­2 /$7(5$/
 ; SLQR  ,17(5583725 &% &% :+  
'$ $57,&8/$d­2 /$7(5$/

;  &+,&27( '2 7(72  )rPHD

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
$ ; 0DFKR SLQR $ &% &% *1   )2/+$ 
0,1,)86Ë9(/ ) $ )
$ ; 0DFKR SLQR  5 H 5 &% &% <(   )2/+$ 
$ ; 0DFKR SLQR &% &% :+  
 ,17(5583725 '2
/,03$'25 ',$17(,52 (
75$6(,52
$ ; 0DFKR SLQR &% &% 5'  
 ,17(5583725 '2
/,03$'25 ',$17(,52 (
75$6(,52
$ 633; &% &% *1  
$ 633; &% &% 71  
$ ; 0DFKR SLQR  5 H 5 &% &% *1  
$ ; 0DFKR SLQR $ &% &% 97   )2/+$ 
0,1,)86Ë9(/ ) $ )
% 633; &% &% 5'   )2/+$ 
% ; SLQR $ (&8 '2 &% &% /*   )2/+$ 
3,6&$3,6&$
% 633; &% &% 97   )2/+$ 
% ; SLQR ( ) 5 ( 5 &% &% 5'   )2/+$ 
' 5 & 5 % 
% ; SLQR ) ) 5 ( 5 &% &% 5'  
' 5 & 5 % 
% 633; &% &% 5'   )2/+$ 
% 633; &% &% 97   )2/+$ 
% 633; &% &% 97   )2/+$ 

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD


& 633; &% &% 5'   )2/+$ 
& ; SLQR $ (&8 '2 &% &% /*  
3,6&$3,6&$
& ; 0DFKR SLQR $ &% &% 97   )2/+$ 
0,1,)86Ë9(/ ) $ )
& ; 0DFKR SLQR $ &% &% 5'   )2/+$ 
0,1,)86Ë9(/ ) $ )
& 633; &% &% 5'   )2/+$ 
& ; 0DFKR SLQR  &% &% 97   )2/+$ 
$',&,&8 &1
& 633; &% &% 5'   )2/+$ 

;  &+,&27( '2 7(72 0DFKR


3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
$ 633;   *1   )2/+$ 
$ ; 0DFKR SLQR    <(   )2/+$ 
$ ; 0DFKR SLQR    :+  
$ ; 0DFKR SLQR    5'  
$ ; 0DFKR SLQR    *1  
$ ; 0DFKR SLQR    %5  
$ ; 0DFKR SLQR    *1  
$ ; 0DFKR SLQR %   3   )2/+$ 
% 633;   5'   )2/+$ 
% ; 0DFKR SLQR    *1   )2/+$ 
% 633;   3   )2/+$ 
% ; 0DFKR SLQR %   5'   )2/+$ 
% ; 0DFKR SLQR &   5'  
% ; 0DFKR SLQR    5'   )2/+$ 
% ; 0DFKR SLQR &   3   )2/+$ 
% ; 0DFKR SLQR &   3   )2/+$ 
& 633;   5'   )2/+$ 
& ; 0DFKR SLQR    *1  
& 633;   3   )2/+$ 
& 633;   5'   )2/+$ 
& 633;   5'   )2/+$ 
& ; 0DFKR SLQR &   5'   )2/+$ 

;  ,17(5583725 '2 )$52/ $8;,/,$5  )rPHD

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; )rPHD SLQR  &% &% %/   )2/+$ 
02725 

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

; ,17(5583725 '2 )$52/ $8;,/,$5  )rPHD

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; )rPHD SLQR  &% &% %/   )2/+$ 
02725 

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH 


;  &21(&725 '2 3$5$/$0$ ',5(,72  '( 68%,'$'(6&,'$  )rPHD

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633; &% &% 3.   )2/+$ 
 633; &% &% %5   )2/+$ 
 633; &% &% 3.   )2/+$ 
 ; )rPHD SLQR  &% &% :+   )2/+$ 
&21(&725 '2 3$5$/$0$
(648(5'2  '( 68%,'$
+3/
 633; &% &% *1   )2/+$ 
 633; &% &% :+   )2/+$ 

;  &21(&725 '2 3$5$/$0$ ',5(,72  +3/ '( 68%,'$'(6&,'$  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR  )( )( 3.   )2/+$ 
,17(5583725 '( +3/
 ; 0DFKR SLQR  )( )( 5%   )2/+$ 
,17(5583725 '( +3/
 ; 0DFKR SLQR  )( )( *1   )2/+$ 
,17(5583725 '( +3/
 ; 0DFKR SLQR  )( )( %/   )2/+$ 
 ; 0DFKR SLQR  )( )( *1   )2/+$ 
 ; 0DFKR SLQR  )( )( :+   )2/+$ 

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

;  /Æ03$'$ 75$6(,5$ '2 &21(&725  '2 3$5$/$0$ ',5(,72  )rPHD

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633; &% &% 5'   )2/+$ 
 633; &% &% *1  
 633; &% &% *1  
 633; &% &% %.  
 633; &% &% *1  
 633; &% &% %.  

;  /Æ03$'$ 75$6(,5$ '2 &21(&725  '2 3$5$/$0$ ',5(,72  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633; )( )( 5'   )2/+$ 
 ; 0DFKR )( 3$5$'$ *1  
SLQR  /Æ03$'$
75$6(,5$3$5$'$
 ; 0DFKR )( 75$6(,5$ *1  
SLQR  /Æ03$'$
75$6(,5$3$5$'$
 633; )($9 )($9 %.  
 ; 0DFKR SLQR  /8= '( )( )( *1  
75$%$/+2
 ; 0DFKR SLQR  /8= '( )($3 )($3 %.  
75$%$/+2

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

;  720$'$ '( $/,0(17$d­2 '(  $  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633; &% &% <(   )2/+$ 
 633; &% &% 97  
 633; &% &% %.  

;$  720$'$ '( $/,0(17$d­2 326,7,9$ '( $  )rPHD

 


;$ 720$'$ '( $/,0(17$d­2 326,7,9$ '( $  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR  36 36 %5   )2/+$ 
720$'$ '2 ,03/(0(172
75$6(,52
 ; 0DFKR SLQR  36 36 <(  
720$'$ '2 ,03/(0(172
75$6(,52

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

;%  720$'$ '( $/,0(17$d­2 1(*$7,9$  )rPHD

 


;%  720$'$ '( $/,0(17$d­2 1(*$7,9$  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR  36 36 %.   )2/+$ 
720$'$ '2 ,03/(0(172
75$6(,52

;  720$'$ '2 ,03/(0(172 75$6(,52  0DFKR

 


$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD


 ;% 0DFKR SLQR  36 36 %.   )2/+$ 
720$'$ '( $/,0(17$d­2
1(*$7,9$
 ;$ 0DFKR SLQR  36 36 <(  
720$'$ '( $/,0(17$d­2
326,7,9$ '( $
 ;$ 0DFKR SLQR  36 36 %5  
720$'$ '( $/,0(17$d­2
326,7,9$ '( $

;$  720$'$ '2 ,03/(0(172  )rPHD

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; SLQR $ 0,1,)86Ë9(/ &% &% <(   )2/+$ 
) $ )
 633; &% &% %5   )2/+$ 
 ; 0DFKR SLQR  7(55$ &% &% %.   )2/+$ 

;$  720$'$ '2 ,03/(0(172 0DFKR


3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 -3   <(   )2/+$ 

;%  720$'$ 1(*$7,9$ '2 ,03/(0(172  )rPHD

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ;% 0DFKR SLQR    %.   )2/+$ 
7(55$

;%  720$'$ 1(*$7,9$ '2 ,03/(0(172 0DFKR


3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 -3   %.   )2/+$ 

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

;  35,6,21(,526 '( $/,0(17$d­2  )rPHD

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633; &% &% %.   )2/+$ 
 ; SLQR $ 0,1,)86Ë9(/ &% &% 97  
) $ )

;  35,6,21(,526 '( $/,0(17$d­2 0DFKR


3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR    %.   )2/+$ 

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH 


;  )5(,2 '( 0­2  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633; &% &% %.   )2/+$ 
 633; &% &% 5'  
 633; &% &% 97   )2/+$ 
 ; 0DFKR SLQR % )5(,2 &% &% :+   )2/+$ 
'( (67$&,21$0(172
(/(75Ð1,&2

;  02725 '2 /$9$'25 75$6(,52  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633; &% &% *1   )2/+$ 
 633; &% &% %.  

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

;  02725 '2 /$9$'25 ',$17(,52  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR &% &% 97   )2/+$ 
 ,17(5583725 '2
/,03$'25 ',$17(,52 (
75$6(,52
 633; &% &% %.  

;  /Æ03$'$ 75$6(,5$ '2 &21(&725  '2 3$5$/$0$ (648(5'2 )rPHD


3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633;   5'   )2/+$ 
 ; 0DFKR   *1  
SLQR  /Æ03$'$
75$6(,5$3$5$'$
 ; 0DFKR   *1   )2/+$ 
SLQR  /Æ03$'$
75$6(,5$3$5$'$
 633; $9 $9 %.   )2/+$ 
 ; 0DFKR SLQR    *1  
/Æ03$'$ '( 75$%$/+2
 ;3   %.  

;  /Æ03$'$ 75$6(,5$ '2 &21(&725  '2 3$5$/$0$ (648(5'2 0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633; &% &% 5'   )2/+$ 
 633; &% &% *1  
 633; &% &% *1   )2/+$ 
 633; &% &% %.   )2/+$ 
 633; &% &% *1  
 633; &% &% %.  

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

;  &21(&725 '2 3$5$/$0$ (648(5'2  '( 68%,'$ +3/  )rPHD

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633; &% &% 3.   )2/+$ 
 633; &% &% %5   )2/+$ 
 633; &% &% 3.   )2/+$ 
 ; SLQR  &&8&1$ &% &% :+  
 ; )rPHD SLQR &% &% :+   )2/+$ 
 &21(&725 '2
3$5$/$0$ ',5(,72 
'( 68%,'$'(6&,'$ +3/
 633; &% &% :+  

;  &21(&725 '2 3$5$/$0$ (648(5'2  '( 68%,'$ +3/ 0DFKR


3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR    .:   )2/+$ 
,17(5583725 '( +3/
 633;   15%   )2/+$ 
 ; 0DFKR SLQR    .*   )2/+$ 
,17(5583725 '( +3/
 ; 0DFKR SLQR    :8  
 ; 0DFKR SLQR    :+   )2/+$ 
 ; 0DFKR SLQR    :5<  

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH 


;  $&(1'('25 '( &,*$552  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633; &% &% 5'   )2/+$ 

;  $&(1'('25 '( &,*$552  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633; &% &% %.   )2/+$ 
 633; &% &% 97  

;  6248(7( $  0DFKR

 


$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD


 633; &% &% %.   )2/+$ 
 ; SLQR $ 0,1,)86Ë9(/ &% &% <(  
) $ )

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH 


;  ,62/$'25 '$ %$7(5,$  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR $ &% &% 5'   )2/+$ 
0,1,)86Ë9(/ ) $ )
 633; &% &% *1  
 633; &% &% :+  
 ; 0DFKR SLQR & &% &% *1  
) 5 ( 5 ' 5
& 5 % 
 ; 0DFKR SLQR & &% &% :+  
) 5 ( 5 ' 5
& 5 % 

;  326,7,92 '$ %$7(5,$ $  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633; &% &% %5   )2/+$ 

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

;  326,7,92 '$ %$7(5,$ %  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633; &% &% 5'   )2/+$ 

;  0(0Ï5,$   0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR % &% &% %5   )2/+$ 
0,1,)86Ë9(/ ) $ )

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH 


;  0DFKR
3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633;   %.   )2/+$ 
 633;   %.  
 633;   %.  

;  0DFKR
3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR    3   )2/+$ 

;  0DFKR
3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633;   %.   )2/+$ 
 633;   5'  

;  0DFKR
3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR    6/   )2/+$ 
 ; 0DFKR SLQR    6/  
 ; 0DFKR SLQR    %/  
 ; 0DFKR SLQR    %/  
 ; 0DFKR SLQR    *1  
 ; 0DFKR SLQR    *1  
 ; 0DFKR SLQR    :+  
 ; 0DFKR SLQR    :+  

;  0DFKR
3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633;   <(   )2/+$ 
 633;   25   )2/+$ 
 633;   5'   )2/+$ 
 633;   %.  

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH 


;  0DFKR
3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR    3   )2/+$ 
 633;   3  

;  0DFKR
3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR    6/   )2/+$ 
 ; 0DFKR SLQR    6/  

;  0DFKR
3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR %   *1   )2/+$ 
&+,&27( '2 7(72
 633;   5'  
 633;   %.  

;  0DFKR
3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR %   5'   )2/+$ 
 633;   %.  

;  0DFKR
3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
$ ; 0DFKR SLQR %   :+   )2/+$ 
% 633;   %.  

;  0DFKR
3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633;   *1   )2/+$ 
 ; 0DFKR SLQR    25  
 ; 0DFKR SLQR    <(  
 633;   5'  
 ; SLQR $ $32,2 '(   %.  
%5$d2 

;  0DFKR
3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR    25   )2/+$ 
 ; 0DFKR SLQR    25  
 633;   %.  
 ; 0DFKR SLQR    <(  
 ; 0DFKR SLQR    <(  
 633;   *1  
 ; 0DFKR SLQR %   5'  
&+,&27( '2 7(72

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

;  0DFKR
3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
% ; 0DFKR SLQR $   3   )2/+$ 
&+,&27( '2 7(72
% 633;   3  
% 633;   %.  
% ; 0DFKR SLQR $   :+  
% ; 0DFKR SLQR $   :+  
% ; 0DFKR SLQR %   5'  
&+,&27( '2 7(72
% ; 0DFKR SLQR    5'  
% ; 0DFKR SLQR    5'  
& 633;   *1  
& 633;   3  
& 633;   *1  
& 633;   *1  
& ; 0DFKR SLQR &   5'  
&+,&27( '2 7(72
& ; 0DFKR SLQR %   5'  
&+,&27( '2 7(72
& ; 0DFKR SLQR %   3  
&+,&27( '2 7(72
& ; 0DFKR SLQR %   3  
&+,&27( '2 7(72

;  0DFKR
3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633;   *1   )2/+$ 
 ; 0DFKR SLQR    25  
 ; 0DFKR SLQR    <(  
 633;   5'  
 633;   %.  

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH 


;  0DFKR
3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633;   3   )2/+$ 
 633;   %.  

;  0DFKR
3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633;   *1   )2/+$ 
 633;   %.  

;  0DFKR
3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR    %/   )2/+$ 
 ; 0DFKR SLQR    %/  

;  0DFKR
3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633;   5'   )2/+$ 
 ; SLQR    %.   )2/+$ 

;  0DFKR
3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR $   *1   )2/+$ 
&+,&27( '2 7(72
 633;   %.   )2/+$ 
 ; 0DFKR SLQR $   %5   )2/+$ 
&+,&27( '2 7(72

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH 


;  0DFKR
3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633;   5'   )2/+$ 
 ; SLQR    %.  

;  0DFKR
3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR    *1   )2/+$ 
 ; 0DFKR SLQR    *1  

;  0DFKR
3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633;   *1   )2/+$ 
 633;   %.  

;  0DFKR
3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633;   3   )2/+$ 
 633;   %.  

;  0DFKR
3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR    3   )2/+$ 

;  0DFKR
3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633;   5'   )2/+$ 
 633;   %.  

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH 


;  0DFKR
3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR    3   )2/+$ 
 ; 0DFKR SLQR    3  

;  0DFKR
3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633;   3   )2/+$ 

;  0DFKR
3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR    3   )2/+$ 
 ; 0DFKR SLQR    3  
 ; SLQR  5(02726   %.  
0(&Æ1,&26 )+3/

;  0DFKR
3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR    3   )2/+$ 
 633;   3  

;  0DFKR
3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR    :+   )2/+$ 
 ; 0DFKR SLQR    :+  

;  0DFKR
3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR &   *1   )2/+$ 
&+,&27( '2 7(72
 633;   5'  
 633;   %.  

;  0DFKR
3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR %   5'   )2/+$ 
 ; SLQR $ $32,2 '(   %.  
%5$d2 

;  0DFKR
3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
$ ; 0DFKR SLQR %   :+   )2/+$ 
% 633;   %.  

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH 


;  0DFKR
3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR $   <(   )2/+$ 
&+,&27( '2 7(72
 ; SLQR & $32,2 '(   %.  
%5$d2 
 ; 0DFKR SLQR $   5'  
&+,&27( '2 7(72
 ; 0DFKR SLQR $   *1  
&+,&27( '2 7(72
 ; 0DFKR SLQR $   :+  
&+,&27( '2 7(72

;  &21(&725 '2 9(Ë&8/2  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR  +9 +9 5'   )2/+$ 
7(50267$72
 ; 0DFKR SLQR +9 +9 %/  
% ,17(5583725 '(
35(66­2

;  327(1&,Ð0(752 '( 7(03(5$785$  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
$ ; 0DFKR SLQR  +9 +9 5'   )2/+$ 
$78$'25 '$ 9È/98/$ '(
È*8$
% ; 0DFKR SLQR  +9 +9 <(  
$78$'25 '$ 9È/98/$ '(
È*8$
& 633; +9 +9 %.  

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

;  7(50267$72  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR  +9 +9 5'   )2/+$ 
&21(&725 '2 9(Ë&8/2
 ; 0DFKR SLQR +9 +9 %/  
$ ,17(5583725 '(
35(66­2
 633; +9 +9 %.  

;  $78$'25 '$ 9È/98/$ '( È*8$  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633; +9 +9 %.   )2/+$ 
 ; 0DFKR SLQR % +9 +9 <(  
327(1&,Ð0(752 '(
7(03(5$785$
 ; 0DFKR SLQR $ +9 +9 5'  
327(1&,Ð0(752 '(
7(03(5$785$

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

;  ,17(5583725 '( 35(66­2  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
$ ; 0DFKR SLQR  +9 +9 %/   )2/+$ 
7(50267$72
% ; 0DFKR SLQR  +9 +9 %/  
&21(&725 '2 9(Ë&8/2

;  0DFKR
3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633;   5'   )2/+$ 

;  7(55$  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633; +9 +9 %.   )2/+$ 

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH 


  0DFKR
3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR    5'   )2/+$ 
5(/e '2 $48(&('25 '(
&20%867Ë9(/
 ; SLQR    5'  
 53   5'   )2/+$ 

;  9È/98/$ '$ 3È &$55(*$'(,5$   )rPHD

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR  02725 (1 (1 25   )2/+$ 

 ; 0DFKR SLQR  02725 (1 (1 25  


; 9È/98/$ '$ 3È &$55(*$'(,5$  0DFKR


3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR    25   )2/+$ 
 ; 0DFKR SLQR    25  

;   )rPHD

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR  (1 (1 5'   )2/+$ 
02725 
 ; 0DFKR SLQR  (1 (1 5'  
02725 

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

;  0DFKR
3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR    5'   )2/+$ 
 ; 0DFKR SLQR    5'  

;  0DFKR
3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR    2:   )2/+$ 
 ; 0DFKR SLQR    <%  
 ; 0DFKR SLQR    %3  
 ; 0DFKR SLQR    :%   )2/+$ 
 ; 0DFKR SLQR    1%  
 ; 0DFKR SLQR    *1   )2/+$ 
 ; 0DFKR SLQR    :+  
 ; 0DFKR SLQR    1%   )2/+$ 
 ; 0DFKR SLQR    1%   )2/+$ 
 ; 0DFKR SLQR    :*  
 ; 0DFKR SLQR    1:  
 ; 0DFKR SLQR    *1  
 ; 0DFKR SLQR    %.  
 ; 0DFKR SLQR    %.  
 ; 0DFKR SLQR    <*   )2/+$ 
 ; 0DFKR SLQR    <%  
 ; 0DFKR SLQR    5'   )2/+$ 
 ; 0DFKR SLQR    6%   )2/+$ 
 ; 0DFKR SLQR    85   )2/+$ 
 ; 0DFKR SLQR    6%  
 ; 0DFKR SLQR    82  
 ; 0DFKR SLQR    61   )2/+$ 
 ; 0DFKR SLQR    <5  
 ; 0DFKR SLQR    :<  
 ; 0DFKR SLQR    5*  
 ; 0DFKR SLQR    8%   )2/+$ 
 ; 0DFKR SLQR    65  
 ; 0DFKR SLQR    6<  
 ;% 0DFKR SLQR    25  
 ; 0DFKR SLQR    5'  
 ; 0DFKR SLQR    2%  
 ; 0DFKR SLQR    :8  
 ; 0DFKR SLQR    .%   )2/+$ 
 ; 0DFKR SLQR    *5  
 ; 0DFKR SLQR    2*  

;  7(55$  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633; (1 (1 %.   )2/+$ 

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

;  5(/e '$ *5(/+$ $48(&('25$  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR  (1 (1 3.   )2/+$ 
0Ï'8/2 '2 02725
%26&+ ('& 
 633; (1 (1 *1  

;  5(/e '2 $48(&('25 '( &20%867Ë9(/  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR  (1 (1 *1   )2/+$ 
0Ï'8/2 '2 02725
%26&+ ('& 
 633; (1 (1 *1  

;  0Ï'8/2 '2 02725 %26&+ ('&   0DFKR

 


$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD


 633; (1 (1 *1   )2/+$ 
 633; (1 (1 %.   )2/+$ 
 633; (1 (1 %.  
 633; (1 (1 *1   )2/+$ 
 633; (1 (1 %.   )2/+$ 
 ; )rPHD SLQR  (1 (1 %5   )2/+$ 
 ; 0DFKR SLQR  (1 (1 3.   )2/+$ 
02725 
 ; 0DFKR SLQR  (1 (1 :+   )2/+$ 
02725 
 ; )rPHD SLQR  (1 (1 25  
 ; 0DFKR SLQR  02725 (1 (1 *1   )2/+$ 

 ; 0DFKR SLQR  02725 (1 (1 <(  

 ; 0DFKR SLQR  (1 (1 *1   )2/+$ 
5(/e '2 $48(&('25 '(
&20%867Ë9(/
 ; 0DFKR SLQR  (1 (1 25  
02725 
 ; )rPHD SLQR  (1 (1 %5  
 ; 0DFKR SLQR  (1 (1 /*   )2/+$ 
 ; )rPHD SLQR  (1 (1 %5   )2/+$ 
 ; 0DFKR SLQR  5(/e (1 (1 3.  
'$ *5(/+$ $48(&('25$

;   )rPHD

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR  (1 (1 %5   )2/+$ 
0Ï'8/2 '2 02725
%26&+ ('& 
 ; 0DFKR SLQR  (1 (1 25  
0Ï'8/2 '2 02725
%26&+ ('& 
 633; (1 (1 *1  
 ; 0DFKR SLQR  (1 (1 %5  
0Ï'8/2 '2 02725
%26&+ ('& 
 ; 0DFKR SLQR  (1 (1 %5  
0Ï'8/2 '2 02725
%26&+ ('& 

;  0DFKR
3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR    %5   )2/+$ 
 ; 0DFKR SLQR    25  
 ; 0DFKR SLQR    *1  
 ; 0DFKR SLQR    %5  
 ; 0DFKR SLQR    %5  

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH 


;   )rPHD

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633; (1 (1 %.   )2/+$ 
 ; 0DFKR SLQR  (1 (1 3.  
02725 
 ; 0DFKR SLQR  (1 (1 %/  
02725 
 ; 0DFKR SLQR  (1 (1 %/  
02725 
 ; 0DFKR SLQR  (1 (1 3.  
02725 
 633; (1 (1 %.  
 ; 0DFKR SLQR  (1 (1 %/  
02725 
 ; 0DFKR SLQR  (1 (1 %/  
02725 

;  0DFKR
3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633;   %.   )2/+$ 
 ; 0DFKR SLQR    3  
 633;   353  
 633;   353  
 633;   3  
 633;   %.  
 633;   353  
 633;   353  

;  5(6(59$7Ï5,2 '( *È6  0DFKR

 


$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD


 ; 0DFKR SLQR  (1 (1 /%   )2/+$ 
02725 
 633; (1 (1 %.  

;  ,17(5583725 '( 35(66­2 '2 $5 &21',&,21$'2  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR  (1 (1 %/   )2/+$ 
02725 
 ; 0DFKR SLQR  (1 (1 %/  
02725 
 ; 0DFKR SLQR    353  
02725 
 ; 0DFKR SLQR  (1 (1 <(  
02725 
 ; 0DFKR SLQR    <(  
02725 
 ; 0DFKR SLQR  (1 (1 %5  
02725 
 ; 0DFKR SLQR    %5  
02725 

;   0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR  (1 (1 /*   )2/+$ 
02725 
 ; 0DFKR SLQR  (1 (1 /*  
02725 
 633; (1 (1 %.   )2/+$ 
 ; 0DFKR SLQR    %.  
 ; 0DFKR SLQR    %.  

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

;  (1*$7( ',$17(,52 ( 7'3 ',$17(,5$  )rPHD

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR  (1 (1 25   )2/+$ 
02725 
 ; 0DFKR SLQR  (1 (1 25  
02725 
 ; 0DFKR SLQR  (1 (1 25  
02725 
 633; (1 (1 %.   )2/+$ 
 ; 0DFKR SLQR  (1 (1 %5   )2/+$ 
02725 
 ; 0DFKR SLQR  (1 (1 %5  
02725 
 633; (1 (1 %.   )2/+$ 
 ; 0DFKR SLQR  (1 (1 3.   )2/+$ 
02725 
 ; 0DFKR SLQR  (1 (1 %5  
02725 
 ; 0DFKR SLQR  02725 (1 (1 71  

 ; 0DFKR SLQR  02725 (1 (1 71  


;  (1*$7( ',$17(,52 ( 7'3 ',$17(,5$  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR    25   )2/+$ 
 ; 0DFKR SLQR    25  
 ; 0DFKR SLQR    25  
 ; )rPHD SLQR    %.   )2/+$ 
 ; 0DFKR SLQR    5'   )2/+$ 
 ; 0DFKR SLQR    %5  
 ; )rPHD SLQR    %5  
 ; )rPHD SLQR    %5   )2/+$ 

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD


 ; )rPHD SLQR    3.   )2/+$ 
 ; )rPHD SLQR    %5  
 ; )rPHD SLQR    %5  
 ; )rPHD SLQR    71  

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH 


;   0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633; (1 (1 %.   )2/+$ 
 ; 0DFKR SLQR  (1 (1 *1  
02725 

;  62/(12,'( '2 02725 '( 3$57,'$   0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR    5'   )2/+$ 
 ; 0DFKR SLQR  (1 (1 %5  
$/7(51$'25 

;   0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633; (1 (1 :+   )2/+$ 
 633;   :+  

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

;   0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR  (1 (1 *1   )2/+$ 
02725 
 633; (1 (1 %.  
 ; 0DFKR SLQR  (1 (1 5'  
02725 
 ; 0DFKR SLQR  (1 (1 <(  
02725 

;   )rPHD

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633; (1 (1 /*   )2/+$ 
 ; 0DFKR SLQR  (1 (1 %/  
02725 
 633; (1 (1 %.  

;  0DFKR
3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR    37*   )2/+$ 
 ; 0DFKR SLQR    353  
 ; 0DFKR SLQR    %.  

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

;  6(1625 '( Æ1*8/2 '$ ',5(d­2  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR  $* 6,1$/ 6(1625 <(   )2/+$ 
6(1625(6 $* ',5(d­2
 ; 0DFKR SLQR  (1 (1 3.  
02725 
 ; 0DFKR SLQR  $* 6(1625 '( ',5(d­2 3.  
6(1625(6 $*  9
 ; 0DFKR SLQR  (1 (1 *1  
02725 
 ; 0DFKR SLQR  $* 7(55$ '2 6(1625 %/  
6(1625(6 $* ',5(d­2
 ; 0DFKR SLQR  (1 (1 *1  
02725 

;  $/7(51$'25   0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR  (1 (1 %5   )2/+$ 
62/(12,'( '2 02725 '(
3$57,'$ 
 ; 0DFKR SLQR  (1 (1 %5  
62/(12,'( '2 02725 '(
3$57,'$

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

;  $/7(51$'25   0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR  (1 (1 %5   )2/+$ 
02725 

;  &21752/( '2 ,62/$'25  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ;$ )rPHD SLQR  %6 %6 :+   )2/+$ 
,62/$'25 '$ %$7(5,$
 633; %6 %6 %.  
 633; %6 %6 %.  
 ;$ )rPHD SLQR  %6$ %6$ :+  
,62/$'25 '$ %$7(5,$

;$  ,62/$'25 '$ %$7(5,$  )rPHD

 


$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD


 ; 0DFKR SLQR  %6 %6 :+   )2/+$ 
&21752/( '2 ,62/$'25
 633; %6$ %6$ %.  
 ; 0DFKR SLQR  %6$ %6$ :+  
&21752/( '2 ,62/$'25

;$  ,62/$'25 '$ %$7(5,$  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR  (1 (1 :+   )2/+$ 
02725 
 633; (1 (1 %.  
 ; 0DFKR SLQR  (1 (1 :+  
02725 

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH 


;   0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR  (1 (1 /*   )2/+$ 
0Ï'8/2 '2 02725
%26&+ ('& 
 633; (1 (1 %.  
 633; (1 (1 *1  

;   )rPHD

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR  02725 (1 (1 71   )2/+$ 

 633; (1 (1 %.  
 633; (1 (1 /*  

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH 


;  6(1625 '( 9(/2&,'$'( '$ 7'3  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR  75 75 *1   )2/+$ 
75$160,66­2 
 ; 0DFKR SLQR  75 75 *1  
75$160,66­2 
 ; 0DFKR SLQR  75 75 25  
75$160,66­2 
 633; 75 75 %.   )2/+$ 

;  )5(,26 '( $5  )rPHD

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633; 75 75 *1   )2/+$ 
 ; 0DFKR SLQR  75 75 %5  
75$160,66­2 
 ; 0DFKR SLQR  75 75 71  
75$160,66­2 
 633; 75 75 71  
 633; 75 75 %.   )2/+$ 
 ; 0DFKR SLQR  75 75 97   )2/+$ 
75$160,66­2 
 ; 0DFKR SLQR  75 75 353  
75$160,66­2 
 633; 75 75 %/  

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

;  )5(,26 '( $5 0DFKR


3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR    *1   )2/+$ 
 ; 0DFKR SLQR    %5  
 ; 0DFKR SLQR    71  
 ; 0DFKR SLQR    71  
 633;   %.   )2/+$ 
 ; 0DFKR SLQR    3   )2/+$ 
 ; 0DFKR SLQR    353  

;  )5(,26 '2 75$,/(5 +,'5È8/,&26  )rPHD

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR  75 75 %5   )2/+$ 
75$160,66­2 
 ; 0DFKR SLQR  75 75 %5  
75$160,66­2 
 ; 0DFKR SLQR  75 75 71  
75$160,66­2 
 633; 75 75 71  
 633; 75 75 %.   )2/+$ 
 633; 75 75 %/   )2/+$ 
 633; 75 75 %/  

;  )5(,26 '2 75$,/(5 +,'5È8/,&26 0DFKR


3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633;   %5   )2/+$ 
 ; 0DFKR SLQR    71  
 ; 0DFKR SLQR    71  
 ; 0DFKR SLQR    %.   )2/+$ 
 ; 0DFKR SLQR    353   )2/+$ 

;  3,12 '( 75$d­2 ',5(,72  0DFKR

 


$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD


 633; 75 75 %.   )2/+$ 
 ; 0DFKR SLQR  75 75 71  
75$160,66­2 
 633; 75 75 3.  

;  6(1625 '( 9(/2&,'$'( '2 (,;2  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633; 75 75 %/   )2/+$ 
 ; 0DFKR SLQR  75 75 353  
75$160,66­2 
 ; 0DFKR SLQR  75 75 97  
75$160,66­2 
 633; 75 75 %.  

;  9È/98/$6 6)$  )rPHD

 


$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD


 ; 0DFKR SLQR  75 75 25   )2/+$ 
75$160,66­2 
 ; 0DFKR SLQR  75 75 25  
75$160,66­2 
 ; 0DFKR SLQR  75 75 25  
75$160,66­2 
 ; 0DFKR SLQR  75 75 25  
75$160,66­2 
 ; 0DFKR SLQR  75 75 25  
75$160,66­2 
 ; 0DFKR SLQR  75 75 25  
75$160,66­2 
 ; 0DFKR SLQR  75 75 25  
75$160,66­2 
 ; 0DFKR SLQR  75 75 25  
75$160,66­2 
 ; 0DFKR SLQR  75 75 25  
75$160,66­2 
 ; 0DFKR SLQR  75 75 25  
75$160,66­2 
 ; 0DFKR SLQR  75 75 71  
75$160,66­2 
 ; 0DFKR SLQR  75 75 71  
75$160,66­2 
 ; 0DFKR SLQR  75 75 71  
75$160,66­2 
 ; 0DFKR SLQR  75 75 71  
75$160,66­2 
 ; 0DFKR SLQR  75 75 71  
75$160,66­2 
 ; 0DFKR SLQR  75 75 71  
75$160,66­2 
 ; 0DFKR SLQR  75 75 71  
75$160,66­2 
 ; 0DFKR SLQR  75 75 25  
75$160,66­2 
 633; 75 75 %.   )2/+$ 
 ; SLQR  /8=(6 '2 75 75 %.  
0$5&$'25

;  9È/98/$6 6)$ 0DFKR


3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR    %6   )2/+$ 
 ; 0DFKR SLQR    2*6  
 ; 0DFKR SLQR    216  
 ; 0DFKR SLQR    236  
 ; 0DFKR SLQR    286  
 ; 0DFKR SLQR    2<6  
 ; 0DFKR SLQR    25  
 ; 0DFKR SLQR    25  
 ; 0DFKR SLQR    25  
 ; 0DFKR SLQR    %.   )2/+$ 

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH 


;  ,17(5583725 '( &$5*$ +,'5È8/,&$ %$,;$  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR  75 75 5'   )2/+$ 
75$160,66­2 

;  6(1625 '( 725d­2 '$ 7'3  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633; 75 75 %/   )2/+$ 
 ; 0DFKR SLQR  75 75 :+  
75$160,66­2 
 633; 75 75 %.   )2/+$ 

;   62/(12,'( '( '(6&$5*$  0DFKR

 


$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD


 ; SLQR  75 75 71   )2/+$ 
75$160,66­2 
 ; 0DFKR SLQR  75 75 71  
75$160,66­2 

;   62/(12,'( '( 0$5&+$  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR  75 75 71   )2/+$ 
75$160,66­2 
 ; 0DFKR SLQR  75 75 71  
75$160,66­2 

;  75$160,6625 '2 7$148( '( &20%867Ë9(/  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR  75 75 *1   )2/+$ 
75$160,66­2 
 633; 75 75 *1  

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

;  3,12 '$ 75$d­2 (648(5'$  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633; 75 75 %.   )2/+$ 
 ; 0DFKR SLQR  75 75 71  
75$160,66­2 
 633; 75 75 3.  

;  327(1&,Ð0(752 '2 (,;2 26&,/$17(  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633; 75 75 %.   )2/+$ 
 ; 0DFKR SLQR  75 75 3.  
75$160,66­2 
 633; 75 75 71  
 633; 75 75 71  

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

;  (/(9$d­2 '$ 9È/98/$ '2 ('&  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR  75 75 3.   )2/+$ 
75$160,66­2 
 ; 0DFKR SLQR  75 75 3.  
75$160,66­2 

;  $%$,;$0(172 '$ 9È/98/$ '2 ('&  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR  75 75 3.   )2/+$ 
75$160,66­2 
 ; 0DFKR SLQR  75 75 3.  
75$160,66­2 

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH 


;  ,17(5583725 '( 35(66­2   0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633; 75 75 %.   )2/+$ 

;  ,17(5583725 '( 35(66­2   0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR  75 75 <(   )2/+$ 
75$160,66­2 

;%  6(1625 '$ 35(66­2 '2 Ï/(2 '$ 75$160,66­2  0DFKR

 


$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD


$ 633; 75 75 %.   )2/+$ 
$ 633; 75 75 %.  
% 633; 75 75 71  
% 633; 75 75 71  
& ; 0DFKR SLQR 75 75 <(  
 75$160,6625 '(
7(03(5$785$ '2 Ï/(2
'$ 75$160,66­2

;  62/(12,'( '$ 7'3  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR  75 75 /*   )2/+$ 
75$160,66­2 
 ; SLQR  62/(12,'( 75 75 25  
'( 75$9$0(172 '2
',)(5(1&,$/
 633; 75 75 %.  
 ; 0DFKR SLQR  75 75 25  
75$160,66­2 

;  )5(,2 '$ 7'3  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR  75 75 %5   )2/+$ 
75$160,66­2 
 633; 75 75 %.   )2/+$ 

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

;  62/(12,'( '2 %/248(,2 '2 ',)(5(1&,$/  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; SLQR  75$160,66­2 75 75 /*   )2/+$ 

 ; 0DFKR SLQR  75 75 25  
75$160,66­2 
 ; 0DFKR SLQR  75 75 25   )2/+$ 
75$160,66­2 
 ; SLQR  62/(12,'( '$ 75 75 %.  
7'3

;  62/(12,'( :'  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR  75 75 <(   )2/+$ 
75$160,66­2 
 633; 75 75 %.  

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH 


;  6(1625 '( 72548( 3 8 3 92/$17( 6  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633; 75 75 %/   )2/+$ 
 ; 0DFKR SLQR  75 75 :+  
75$160,66­2 
 633; 75 75 %.  

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH 


;  6(1625 '( 7(03(5$785$ '2 Ï/(2 '( 75$160,66­2  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR  75 75 *1   )2/+$ 
75$160,66­2 
 633; 75 75 %.  

;  9(/2&,'$'( ()(7,9$ '$ 7'3  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633; 75 75 %/   )2/+$ 
 ; 0DFKR SLQR  75 75 :+  
75$160,66­2 

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH 


;  ,17(5583725 '( 35(66­2 3 $ 3  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR  75 75 :+   )2/+$ 
75$160,66­2 
 633; 75 75 %.  
 633; 75 75 %.  

;  ,17(5583725 '( 35(66­2 3 $ 3  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633; 75 75 %.   )2/+$ 
 ; 0DFKR SLQR  75 75 <(  
75$160,66­2 

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

;   0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 63%3;   353   )2/+$ 
 63$3;   5'  

;   0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633;   6/   )2/+$ 
 633;   %.  

;   0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 63%3;   353   )2/+$ 
 63$3;   5'  

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

;   0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633;   6/   )2/+$ 
 633;   %.  

;   0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 63%3;   353   )2/+$ 
 63$3;   5'  

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH 


;  9È/98/$ '( '(69,2  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR  75 75 71   )2/+$ 
75$160,66­2 
 633; 75 75 %.  

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH 


;  0DFKR
3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
$ 633;   3   )2/+$ 
% 633;   %.  

;  0DFKR
3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
$ 633;   3   )2/+$ 
% 633;   %.  

;  0DFKR
3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
$ 633;   353   )2/+$ 
% 633;   %.  
& 633;   353  

;  0DFKR
3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633;   %.   )2/+$ 

;  0DFKR
3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR    3   )2/+$ 

;  0DFKR
3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
$ 633;   353   )2/+$ 
% 633;   %.  
& 633;   353  

;  0DFKR
3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
$ 633;   3   )2/+$ 
% 633;   %.  

;  0DFKR
3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633;   3   )2/+$ 
 633;   %.  

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH 


;  0DFKR
3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633;   3.   )2/+$ 
 633;   %5  
 633;   %5  
 ; 0DFKR SLQR    71  

;  0DFKR
3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; )rPHD SLQR    5'   )2/+$ 
 ; )rPHD SLQR    5'  

;  0DFKR
3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633;   3.   )2/+$ 
 633;   %5  
 ; 0DFKR SLQR    71  

;  5(02726 0(&Æ1,&26 )+3/  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR    %.   )2/+$ 
 ; 0DFKR SLQR  (1 (1 5'  
02725 
 633; (1 (1 %.  
 633;   3.  

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH 


;   0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633;   *1   )2/+$ 
 ; 0DFKR SLQR    %5  

;  /8= '( 75$%$/+2  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR  )( )( *1   )2/+$ 
/Æ03$'$ 75$6(,5$
'2 &21(&725  '2
3$5$/$0$ ',5(,72
 ; )rPHD SLQR    *1  
/Æ03$'$ 75$6(,5$
'2 &21(&725  '2
3$5$/$0$ (648(5'2
 ; 0DFKR SLQR  )($3 )($3 %.  
/Æ03$'$ 75$6(,5$
'2 &21(&725  '2
3$5$/$0$ ',5(,72

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

;  /Æ03$'$ '$ /,&(1d$   0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633;   5'   )2/+$ 
 633; )(% $/,0(17$d­2 5'  

;   0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633; )($: )($: %.   )2/+$ 
 633;   %.  

;   0DFKR

 


$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD


 ; 0DFKR SLQR )( )( *1   )2/+$ 
 &21(&725 '2
3$5$/$0$ ',5(,72 
'( 68%,'$'(6&,'$ +3/
 ; 0DFKR SLQR    :+  
&21(&725 '2 3$5$/$0$
(648(5'2  '( 68%,'$
+3/
 ; 0DFKR SLQR )( )( %/  
 &21(&725 '2
3$5$/$0$ ',5(,72 
'( 68%,'$'(6&,'$ +3/
 ; 0DFKR SLQR    :8  
&21(&725 '2 3$5$/$0$
(648(5'2  '( 68%,'$
+3/
 ; 0DFKR SLQR )( )( :+  
 &21(&725 '2
3$5$/$0$ ',5(,72 
'( 68%,'$'(6&,'$ +3/
 ; 0DFKR SLQR    :5<  
&21(&725 '2 3$5$/$0$
(648(5'2  '( 68%,'$
+3/

;  ,17(5583725 '( +3/  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR )( )( 3.   )2/+$ 
 &21(&725 '2
3$5$/$0$ ',5(,72 
'( 68%,'$'(6&,'$ +3/
 ; 0DFKR SLQR    .:  
&21(&725 '2 3$5$/$0$
(648(5'2  '( 68%,'$
+3/
 ; SLQR  &21(&725 '2 )( )( 5%   )2/+$ 
3$5$/$0$ ',5(,72  '(
68%,'$'(6&,'$ +3/
 ; SLQR    %5  
 ; SLQR    %5  
 ; 0DFKR SLQR    .*   )2/+$ 
&21(&725 '2 3$5$/$0$
(648(5'2  '( 68%,'$
+3/
 ; 0DFKR SLQR )( )( *1  
 &21(&725 '2
3$5$/$0$ ',5(,72 
'( 68%,'$'(6&,'$ +3/

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

;  /Æ03$'$ 75$6(,5$ ( '( 3$5$'$  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633; )($; )($; %.   )2/+$ 
 633;   %.  
 ; 0DFKR SLQR  )( 75$6(,5$ *1  
/Æ03$'$ 75$6(,5$
'2 &21(&725  '2
3$5$/$0$ ',5(,72
 ; )rPHD SLQR    *1  
/Æ03$'$ 75$6(,5$
'2 &21(&725  '2
3$5$/$0$ (648(5'2
 633; )($ 9,5( 5'  
 633;   5'  
 ; 0DFKR SLQR  )( 3$5$'$ *1  
/Æ03$'$ 75$6(,5$
'2 &21(&725  '2
3$5$/$0$ ',5(,72
 ; )rPHD SLQR    *1  
/Æ03$'$ 75$6(,5$
'2 &21(&725  '2
3$5$/$0$ (648(5'2

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH 


;  0DFKR
3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR  )5(,26   71   )2/+$ 
'2 75$,/(5 +,'5È8/,&2

;  0DFKR
3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR  )5(,26   %.   )2/+$ 
'2 75$,/(5 +,'5È8/,&2

;  0DFKR
3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633;   %5   )2/+$ 

;  0DFKR
3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633;   %5   )2/+$ 

;  0DFKR
3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR  )5(,26   71   )2/+$ 
'2 75$,/(5 +,'5È8/,&2

;  0DFKR
3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR  )5(,26   353   )2/+$ 
'2 75$,/(5 +,'5È8/,&2

;  6&0 0DFKR


3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR  )5(,26   353   )2/+$ 
'( $5
 633;   %.  

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH 


;   0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR  )5(,26   71   )2/+$ 
'( $5
 ; 0DFKR SLQR  )5(,26   71  
'( $5
 ; 0DFKR SLQR  )5(,26   *1  
'( $5

;  6&0 0DFKR


3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR  )5(,26   %5   )2/+$ 
'( $5
 633;   %.  

;  6&0 0DFKR


3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR  )5(,26   3   )2/+$ 
'( $5
 633;   %.  

;  ,17(5583725 '( 3(5,*2  0DFKR

 


$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD


 ; 0DFKR SLQR  +$%' +$%' 97   )2/+$ 
&+,&27( '2 ,17(5583725
'( 3(5,*2
 ; 0DFKR SLQR  +$$ +$$ *1  
&+,&27( '2 ,17(5583725
'( 3(5,*2
 ; 0DFKR SLQR  +$%) +$%) %.  
&+,&27( '2 ,17(5583725
'( 3(5,*2
 ; 0DFKR SLQR  +$ +$ *1  
&+,&27( '2 ,17(5583725
'( 3(5,*2

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH 


;  0DFKR

;  0DFKR
3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR   %.   )2/+$ 
 35,6,21(,526 '(
$/,0(17$d­2

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH 


;  $/$50( '( 0$5&+$ ¬ 5e 5(/e '$ /8=  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633; 5( 5( 25   )2/+$ 
 ;0DFKR3 5( 5( 5'  
 633; 5( 5( 5'  
 633; 5( 5( 25  

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH 


;  3)  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR %6 %6 5'   )2/+$ 
%$7(5,$ 9(
 ; 0DFKR SLQR   %6 %6 353  
(1(5*,$ (

;  3)  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; )rPHD SLQR  %6 %6 5'   )2/+$ 
&21(&725 9(50(/+2

;  3)  0DFKR

 


$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD


 633; %6$ %6$ 5'   )2/+$ 

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH 


;  75$160,6625 '( 7(03(5$785$ '2 Ï/(2 '$ 75$160,66­2  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR  75 75 %5   )2/+$ 
75$160,66­2 
 ; 0DFKR SLQR $ ),/752 75 75 %5  
+,'5È8/,&2 +3/ (1783,'2
,17(5583725 '( 9È&82

;  ,17(5583725 '( &$5*$ +,'5È8/,&$ %$,;$  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR  75 75 5'   )2/+$ 
75$160,66­2 

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

;  ),/752 +,'5È8/,&2 +3/ %/248($'2 ,17(5583725 '( 9È&82  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
$ ; 0DFKR SLQR  75 75 %5   )2/+$ 
75$160,66­2 
$ ; 0DFKR SLQR 75 75 %5  
 75$160,6625 '(
7(03(5$785$ '2 Ï/(2
'$ 75$160,66­2
% 633; 75 75 %.   )2/+$ 

;  %8=,1$ '2 $/$50( 0$5&+$ ¬ 5e  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633; 5( 5( 5'   )2/+$ 
 633; 5( 5( %.  

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

;  /8= '( $/$50( 0$5&+$ ¬ 5e  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633; 5( 5( 5'   )2/+$ 
 633; 5( 5( %.  

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH 


;  6(0 7(50,1$/ 0DFKR
3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 63&3;   %.   )2/+$ 

;  6(0 7(50,1$/ 0DFKR


3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 63'3;   5'   )2/+$ 

;  0DFKR
3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR    5'   )2/+$ 
 ; 0DFKR SLQR    :+  
 ; 0DFKR SLQR    *1  
 ; 0DFKR SLQR    %.  

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH 


;   0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633;   353   )2/+$ 
 633;   353  
 ; )rPHD SLQR    5'  
&21752/$'25 '$ 3È
&$55(*$'(,5$
 633;   25  

;  &21752/$'25 '$ 3È &$55(*$'(,5$  )rPHD

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR    5'   )2/+$ 

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

;  &21752/$'25 '$ 3È &$55(*$'(,5$  0DFKR

 


$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH 


;  683(55('8725  )rPHD

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; SLQR  75$160,66­2 75 75 %/   )2/+$ 

 ; 0DFKR SLQR  75 75 %/   )2/+$ 
75$160,66­2 
 633; 75 75 71   )2/+$ 
 ; SLQR  75 75 *1  
75$160,66­2 
 ; 0DFKR SLQR  75 75 25  
75$160,66­2 
 633; 75 75 %.  

;  683(55('8725  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR  &5 &5 %/   )2/+$ 
 ; 0DFKR SLQR  &5 &5 %.   )2/+$ 
 ; 0DFKR SLQR  &5 &5 71   )2/+$ 
 ; 0DFKR SLQR  &5 &5 25  
 ; 0DFKR SLQR  &5 &5 %.  

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

;   0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR  &5 &5 71   )2/+$ 
683(55('8725
 ; 0DFKR SLQR  &5 &5 25  
683(55('8725
 ; 0DFKR SLQR  &5 &5 %.  
683(55('8725

;   0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR  &5 &5 %/   )2/+$ 
683(55('8725
 ; 0DFKR SLQR  &5 &5 %.  
683(55('8725

;  0DFKR
3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR  9iOYXODV   %6   )2/+$ 
GH 6)$
 ; 0DFKR SLQR  9iOYXODV   2*6  
GH 6)$

;  0DFKR
3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR  9iOYXODV   216   )2/+$ 
GH 6)$
 ; 0DFKR SLQR  9iOYXODV   236  
GH 6)$

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

;  0DFKR
3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR  9iOYXODV   286   )2/+$ 
GH 6)$
 ; 0DFKR SLQR  9iOYXODV   2<6  
GH 6)$

;  0DFKR
3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR  9iOYXODV   25   )2/+$ 
GH 6)$
 ; 0DFKR SLQR  9iOYXODV   25  
GH 6)$

;  0DFKR
3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR    25   )2/+$ 
9iOYXODV GH 6)$
 ; 0DFKR SLQR    %.  
9iOYXODV GH 6)$

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH 


;  )$5Ï,6 $',&,21$,6 12 7(72  )rPHD

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633; &% &% 5'   )2/+$ 
 633; &% &% *1   )2/+$ 
 633; &% &% %.   )2/+$ 
 ; SLQR $ 0,1,)86Ë9(/ &% &% 97  
) $ )
 ; SLQR $ 0,1,)86Ë9(/ &% &% 97  
) $ )
 ; 0DFKR SLQR $ &% &% 5'  
0,1,)86Ë9(/ ) $ )
 &21(&725 '( ',2'2 '2 &% &% %/   )2/+$ 
93
 ; 0DFKR SLQR ' ) 5 &% &% %/   )2/+$ 
( 5 ' 5 & 5 % 5
 ; 0DFKR SLQR ) ) 5 &% &% %/  
( 5 ' 5 & 5 % 5
 ; )rPHD SLQR  &% &% %/  
02725 
 ; )rPHD SLQR  &% &% %/  
02725 

;  )$5Ï,6 $',&,21$,6 12 7(72  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR    353   )2/+$ 
 ; 0DFKR SLQR    353  
 ; 0DFKR SLQR    353  
 ; 0DFKR SLQR    353  

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

;$  %8-­2 '( /,*$d­2  )rPHD

 


;$  %8-­2 '( /,*$d­2  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ;$ 0DFKR SLQR  &% &% %/   )2/+$ 
%8-­2 '( /,*$d­2
 ;$ 0DFKR SLQR  &% &% %/  
%8-­2 '( /,*$d­2
 ;$ 0DFKR SLQR  &% &% %/  
%8-­2 '( /,*$d­2
 ;$ 0DFKR SLQR  &% &% %/  
%8-­2 '( /,*$d­2

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH 


;  0DFKR
3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633;   %.   )2/+$ 
 633;   %.  
 ; 0DFKR SLQR    25  
 ; 0DFKR SLQR    353  

;  /,%(5$d­2  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633; ,6 ,6 %.   )2/+$ 
 633; ,6 ,6 %.  
 ; 0DFKR SLQR  ,6 ,6 25  
5(/e '2 ,62%86 
'$ $/,0(17$d­2 '2
,03/(0(172
 ; 0DFKR SLQR  5(/e ,6 ,6 %/  
'2 ,62%86  '$ (&8 '2
,03/(0(172

;  5(/e '2 ,62%86  '$ (&8 '2 ,03/(0(172  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR  ,6 ,6 %/   )2/+$ 
/,%(5$d­2
 633; ,6 ,6 %.  
 633; ,6 ,6 %5   )2/+$ 
 ; 0DFKR SLQR  ,62 ,6 ,6 %/   )2/+$ 
%86
 ; 0DFKR SLQR  ,62 ,6 ,6 %/  
%86

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

;  5(/e '2 ,62%86  '$ $/,0(17$d­2 '2 ,03/(0(172  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR  ,6 ,6 25   )2/+$ 
/,%(5$d­2
 633; ,6 ,6 %.  
 633; ,6 ,6 %5   )2/+$ 
 ; 0DFKR SLQR  ,62 ,6 ,6 25   )2/+$ 
%86
 ; 0DFKR SLQR  ,62 ,6 ,6 25  
%86

;  1(*$7,92 '$ %$7(5,$  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633; ,6 ,6 %.   )2/+$ 

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

;  )86Ë9(/ '$ (&8 '2 ,03/(0(172  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633; ,6 ,6 %5   )2/+$ 
 633; ,6 ,6 %5  

;  )86Ë9(/ '$ $/,0(17$d­2 '2 ,03/(0(172  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633; ,6 ,6 %5   )2/+$ 
 633; ,6 ,6 %5  

;  326,7,92 '$ %$7(5,$  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633; ,6 ,6 %5   )2/+$ 

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH 


;  ,17(5583725 '2 (63(/+2 $48(&,'2  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633; &% &% 5'   )2/+$ 
 ; SLQR  5(/e '( &% &% 5'  
(63(/+26 $48(&,'26
 633; &% &% %.   )2/+$ 
 633; &% &% 5'   )2/+$ 
 633; &% &% %.  
 633; &% &% 5'  

;  5(/e '26 (63(/+26 $48(&,'26  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633; &% &% 5'   )2/+$ 
 633; &% &% %.  
 633; &% &% 5'  
 ; 0DFKR SLQR &% &% 5'  
 ,17(5583725 '2
(63(/+2 $48(&,'2
 633; &% &% 97  

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

;  $/,0(17$d­2 6(0 7(&8  )rPHD

;  $/,0(17$d­2 6(0 7(&8  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR  &% &% %/   )2/+$ 
(&8&1
 ; 0DFKR SLQR  &% &% 25  
(&8&1
 ; 0DFKR SLQR  &% &% %/  
(&8&1

;  $/,0(17$d­2 6(0 7(&8   )rPHD

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633; &% &% %/   )2/+$ 
 633; &% &% 25  
 633; &% &% %/   )2/+$ 

;  $/,0(17$d­2 6(0 7(&8  0DFKR

;  &21(&725  '2 97 )rPHD


3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 63$3;   *1   )2/+$ 
 63%3;   <(  
 63'3;   5'  
 63&3;   %.  
 63$3;   5'   )2/+$ 
 63%3;   353  

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD


 ; 0DFKR SLQR    3   )2/+$ 
 633;   353  
 633;   5'  
 ; 0DFKR SLQR    %.  

;  &21(&725  '2 97 0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 63%3; &% &% *1   )2/+$ 
 63$3; &% &% <(  
 63&3; &% &% 5'  
 63'3; &% &% %.  
 63$3; &% &% 5'   )2/+$ 
 63%3; &% &% %/  
 633;   %/   )2/+$ 
 ; 0DFKR SLQR    353  
 ; 0DFKR SLQR    5'  
 633;   %.  

;  (&8&1  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 63%3; &% &% <(   )2/+$ 
 63$3; &% &% *1  
 63$3; &% &% <(   )2/+$ 
 63%3; &% &% *1  
 633; &% &% 97   )2/+$ 
 633; &% &% %.   )2/+$ 

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD


 ; 0DFKR SLQR  &% &% %/   )2/+$ 
$/,0(17$d­2 6(0 7(&8 
 ; 0DFKR SLQR  &% &% 25  
$/,0(17$d­2 6(0 7(&8 
 ; 0DFKR SLQR  &% &% %/  
$/,0(17$d­2 6(0 7(&8 
 633; &% &% %.25  

;$  &$1 62%5(66$/(17( '$ 7(&8  0DFKR


3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 63&3; &% &% 5'   )2/+$ 

;%  &$1 62%5(66$/(17( '$ 7(&8  0DFKR


3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 63'3; &% &% %.   )2/+$ 

;  (;7(16­2 &$1 ,62%86  )rPHD

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 63&3; &% &% 5'   )2/+$ 
 63%3; &% &% <(  
 63'3; &% &% %.  
 63$3; &% &% *1  

;  (;7(16­2 &$1 ,62%86 0DFKR


3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR    5'   )2/+$ 
 ; 0DFKR SLQR    *1  
 ; 0DFKR SLQR    %.  
 ; 0DFKR SLQR    <(  

;  )rPHD
3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; )rPHD SLQR    5' )2/+$ 
 ; )rPHD SLQR  &% &% 5'  
75$160,66­2 
 ; )rPHD SLQR    353
 ; )rPHD SLQR  &% &% %/  
75$160,66­2 

;  0DFKR
3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 63$3;   5'   )2/+$ 
 63$3;   5'  
 63%3;   353  
 63%3;   353  

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH 


;  /,%(5$d­2 ',$17(,5$  )rPHD

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633; &% &% %/   )2/+$ 
 633; &% &% 25  
 633; &% &% 3.   )2/+$ 

;  /,%(5$d­2 ',$17(,5$ 0DFKR


3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR    353   )2/+$ 
 ; 0DFKR SLQR    25  

;   0DFKR

 


$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD


$ ; 0DFKR SLQR    25   )2/+$ 
$ ; 0DFKR SLQR    5'  
$ ; 0DFKR SLQR    *1  
$ 633;   %.  
$ 633;   %.  
% ; 0DFKR SLQR    25  
% ; 0DFKR SLQR    3  
% ; 0DFKR SLQR    *1  
% ; 0DFKR SLQR    %5  
% ; 0DFKR SLQR    353  
',5(d­2 5È3,'$
& ; 0DFKR SLQR    :+  
& ; 0DFKR SLQR    %.  
& ; 0DFKR SLQR    353  
& ; 0DFKR SLQR    %.  
& 633;   *1  

;  ',5(d­2 5È3,'$  )rPHD

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633; &% &% 97   )2/+$ 
 633; &% &% %5  
 633; &% &% %.  
 63$3; &% &% <(   )2/+$ 
 63%3; &% &% *1  
 633; &% &% :+   )2/+$ 
 ; SLQR  &&8&1 &% &% 25   )2/+$ 
 ; SLQR  &% &% 25  

;  ',5(d­2 5È3,'$ 0DFKR


3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR %   353   )2/+$ 
 633;   *1  
 633;   %.  
 ; 0DFKR SLQR $   <(   )2/+$ 
 ; 0DFKR SLQR $   *1  
 ; 0DFKR SLQR    :+   )2/+$ 
 ; 0DFKR SLQR    %5  
 ; 0DFKR SLQR    25   )2/+$ 
62/(12,'(6 $*
 ; 0DFKR SLQR    25  
62/(12,'(6 $*

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

;   0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633;   *1   )2/+$ 
 ; 0DFKR SLQR $   25  
 633;   %.  
 ; 0DFKR SLQR &   %.  
 ; 0DFKR SLQR %   25  
 633;   *1  

;   0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR %   3   )2/+$ 
 633;   *1  

;  +30 0DFKR

+30 
+30

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD


 ; 0DFKR SLQR %   %5   )2/+$ 
 ; 0DFKR SLQR &   :+  
 ; 0DFKR SLQR &   353  
 ; 0DFKR SLQR &   %.  
 ; 0DFKR SLQR %   *1  

;   0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR $   5'   )2/+$ 
 ; 0DFKR SLQR $   *1  

;  0DFKR
3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; SLQR    %5   )2/+$ 
 633;   %.   )2/+$ 
 ; 0DFKR SLQR    25  
/,%(5$d­2 ',$17(,5$
 ; 0DFKR SLQR    25  

;  0DFKR
3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; SLQR %   %5   )2/+$ 
 ; 0DFKR SLQR    353   )2/+$ 
/,%(5$d­2 ',$17(,5$
 633;   %.  
 ; 0DFKR SLQR    353  

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH 


;  0DFKR
3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633;   %.   )2/+$ 

;  62/(12,'( $ '$ (0%5($*(0  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR  75 75 /%   )2/+$ 
75$160,66­2 
 ; 0DFKR SLQR  75 75 /%  
75$160,66­2 

;  62/(12,'( % '$ (0%5($*(0  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR  75 75 /%   )2/+$ 
75$160,66­2 
 ; 0DFKR SLQR  75 75 97  
75$160,66­2 
 ; 0DFKR SLQR  75 75 353  
75$160,66­2 

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

;  62/(12,'( & '$ (0%5($*(0  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR  75 75 /%   )2/+$ 
75$160,66­2 
 ; 0DFKR SLQR  75 75 /%  
75$160,66­2 
 ; 0DFKR SLQR  75 75 353  
75$160,66­2 
 ; 0DFKR SLQR  75 75 97  
75$160,66­2 

;  62/(12,'( ' '$ (0%5($*(0  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR  75 75 /%   )2/+$ 
75$160,66­2 
 ; 0DFKR SLQR  75 75 /%  
75$160,66­2 
 ; 0DFKR SLQR  75 75 97  
75$160,66­2 
 ; 0DFKR SLQR  75 75 353  
75$160,66­2 

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

;  62/(12,'( ( '$ (0%5($*(0  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR  75 75 /%   )2/+$ 
75$160,66­2 
 ; 0DFKR SLQR  75 75 97  
75$160,66­2 
 ; 0DFKR SLQR  75 75 353  
75$160,66­2 

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH 


;  62/(12,'( '( )$,;$ %$,;$  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR  75 75 *<   )2/+$ 
75$160,66­2 
 ; 0DFKR SLQR  75 75 <(  
75$160,66­2 

;  62/(12,'( '( )$,;$ 0e',$  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR  75 75 3.   )2/+$ 
75$160,66­2 
 ; 0DFKR SLQR  75 75 :+  
75$160,66­2 

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

;  62/(12,'( '( )$,;$ $/7$  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR  75 75 *<   )2/+$ 
75$160,66­2 
 ; 0DFKR SLQR  75 75 :+  
75$160,66­2 

;  62/(12,'( '( )$,;$ 5(9(56$  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR  75 75 *1   )2/+$ 
75$160,66­2 
 ; 0DFKR SLQR  75 75 353  
75$160,66­2 
 ; 0DFKR SLQR  75 75 97  
75$160,66­2 

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

;  ,17(5583725 '( 35(66­2 '( )$,;$ %$,;$  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633; 75 75 %/   )2/+$ 
 633; 75 75 %/  

;  ,17(5583725 '( 35(66­2 '( )$,;$ 0e',$  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633; 75 75 %/   )2/+$ 
 633; 75 75 %/  

;  ,17(5583725 '( 35(66­2 '( )$,;$ $/7$  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633; 75 75 %/   )2/+$ 
 633; 75 75 %/  

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

;  ,17(5583725 '( 35(66­2 '( )$,;$ 5(9(56$  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR  75 75 5'   )2/+$ 
75$160,66­2 
 633; 75 75 %/   )2/+$ 

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH 


;  6(1625 '( 9(/2&,'$'( '( (175$'$ '( &'(  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; SLQR  75 75 <(   )2/+$ 
75$160,66­2 
 633; 75 75 %.   )2/+$ 
 633; 75 75 %.   )2/+$ 

;  6(1625 '( 9(/2&,'$'( 0e',$ '$ 9(/2&,'$'( '( 6$Ë'$ 3 8  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633; 75 75 %/   )2/+$ 
 ; 0DFKR SLQR  75 75 <(  
75$160,66­2 
 ; SLQR  6(1625 '( 75 75 %.  
9(/2&,'$'( '( (175$'$
'( &'(

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

;  /,%(5$d­2   0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR  ,62 ,6 ,6 5'   )2/+$ 
%86
 ; 0DFKR SLQR  ,62 ,6 ,6 <(  
%86
 ; 0DFKR SLQR  ,62 ,6 ,6 %.  
%86
 ; 0DFKR SLQR  ,62 ,6 ,6 *1  
%86

;  ,62%86 )rPHD

;  ,62%86 0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR  ,6 ,6 25   )2/+$ 
5(/e '2 ,62%86 
'$ $/,0(17$d­2 '2
,03/(0(172
 ; 0DFKR SLQR  5(/e ,6 ,6 %/  
'2 ,62%86  '$ (&8 '2
,03/(0(172

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

;  1,9(/$0(172 '$ $57,&8/$d­2  )rPHD

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633; 75 75 %.   )2/+$ 
 ; 0DFKR SLQR  75 75 :+   )2/+$ 
75$160,66­2 
 ; 0DFKR SLQR  75 75 :+  
75$160,66­2 
 ; 0DFKR SLQR  75 75 :+  
75$160,66­2 
 ; 0DFKR SLQR  75 75 :+  
75$160,66­2 
 ; 0DFKR SLQR  75 75 :+  
75$160,66­2 

;  1,9(/$0(172 '$ $57,&8/$d­2 0DFKR


3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633;   %.   )2/+$ 
 ; 0DFKR SLQR    :+   )2/+$ 
 ; 0DFKR SLQR    :+  
 ; 0DFKR SLQR    :+  
 ; 0DFKR SLQR    :+  
 ; 0DFKR SLQR    :+  

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH 


  0DFKR

;  ,62%86  )rPHD

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR  02725   5'   )2/+$ 

 ; 0DFKR SLQR  02725   5'  

 ; 0DFKR SLQR  02725   <(  

 ; 0DFKR SLQR  02725   *1  

 ; 0DFKR SLQR  02725   %.  

 ; 0DFKR SLQR  02725   %.  

 ; 0DFKR SLQR  02725   *1  

 ; 0DFKR SLQR  02725   <(  


;  ,62%86  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR  ,6 ,6 5'   )2/+$ 
/,%(5$d­2 
 ; 0DFKR SLQR  ,6 ,6 <(  
/,%(5$d­2 
 ; 0DFKR SLQR  ,6 ,6 %.  
/,%(5$d­2 
 ; 0DFKR SLQR  ,6 ,6 *1  
/,%(5$d­2 

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD


 ; 0DFKR SLQR  ,6 ,6 25   )2/+$ 
5(/e '2 ,62%86 
'$ $/,0(17$d­2 '2
,03/(0(172
 ; 0DFKR SLQR  5(/e ,6 ,6 %/  
'2 ,62%86  '$ (&8 '2
,03/(0(172

;  %20%$ '( $/72 )/8;2  )rPHD

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR  75 75 %/   )2/+$ 
75$160,66­2 

;  %20%$ '( $/72 )/8;2 0DFKR

;  0DFKR
3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR    37*   )2/+$ 
 ; 0DFKR SLQR    353  
 ; 0DFKR SLQR    %.  

;  3)  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633; %6% %6% 5'   )2/+$ 
 ; 0DFKR SLQR   %6& %6& 5'  
(1(5*,$ (

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

;  %$7(5,$ 9(  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR  3) %6 %6 5'   )2/+$ 

;$  5(/e '( $/,0(17$d­2  0DFKR


3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633; %6$$ %6$$ 5'   )2/+$ 

;  327(1&,Ð0(752 /(172 ( 5È3,'2  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633; 75 75 %.   )2/+$ 
 ; SLQR  75 75 353   )2/+$ 
75$160,66­2 
 633; 75 75 *1   )2/+$ 

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

;  327(1&,Ð0(752 0e',2 ( 5(9(562  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633; 75 75 %.   )2/+$ 
 ; SLQR  75 75 353   )2/+$ 
75$160,66­2 
 633; 75 75 *1   )2/+$ 

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH 


;  0DFKR
3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR   :+   )2/+$ 
 1,9(/$0(172 '$
$57,&8/$d­2
 633;   %.  

;  0DFKR
3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR   :+   )2/+$ 
 1,9(/$0(172 '$
$57,&8/$d­2
 633;   %.  

;  0DFKR
3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR   :+   )2/+$ 
 1,9(/$0(172 '$
$57,&8/$d­2
 633;   %.  

;  0DFKR
3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR   :+   )2/+$ 
 1,9(/$0(172 '$
$57,&8/$d­2
 633;   %.  

;  0DFKR
3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR   :+   )2/+$ 
 1,9(/$0(172 '$
$57,&8/$d­2
 633;   %.  

;  ,17(5583725 '$ /,*$d­2 683(5,25  0DFKR

 


$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD


 ; 0DFKR SLQR  &% &% :+   )2/+$ 
$&8&1%
 633; &% &% *1  
 ; 0DFKR SLQR  &% &% :+  
$&8&1$
 633; &% &% %.  
 633; &% &% 5'  
 633; &% &% %.  
 633; &% &% 5'  

;  ,17(5583725 '( $57,&8/$d­2 /$7(5$/  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR  &% &% :+   )2/+$ 
$&8&1$
 633; &% &% *1  
 ; 0DFKR SLQR  &% &% :+  
$&8&1$
 633; &% &% %.  
 633; &% &% 5'  
 633; &% &% %.  
 633; &% &% 5'  

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH 


;  ,17(5583725 '( %/248(,2 '$ 9È/98/$ 5(027$ (/(752+,'5È8/,&$ (+5  0D
FKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; SLQR $ ) 5 ( 5 &% &% *<   )2/+$ 
' 5 & 5 % 
 633; &% &% %/   )2/+$ 
 ; 0DFKR SLQR  &% &% *<   )2/+$ 
&&8&1$
 633; &% &% %5  
 633; &% &% %.  
 633; &% &% 5'   )2/+$ 
 ; 0DFKR SLQR  &% &% *<   )2/+$ 
&&8&1

;  ,17(5583725 '( 6(/(d­2 '$ 9È/98/$ 5(027$ (/(752+,'5È8/,&$ (+5  0D
FKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR  &% &% :+   )2/+$ 
$&8&1%
 633; &% &% %5  
 ; 0DFKR SLQR  &% &% :+  
$&8&1%
 633; &% &% %.  
 633; &% &% 5'  
 633; &% &% %.  
 633; &% &% 5'  

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

;  '(7(&d­2 '( (1*$7( ',$17(,52  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633; &% &% %5   )2/+$ 
 ; 0DFKR SLQR  &% &% :+  
&&8&1

;  5(/e 6((8 +20(  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633; &% &% 5'   )2/+$ 
 ; 0DFKR SLQR  &% &% <(  
 633; &% &% %/  
 633; &% &% %/  

;  $/$50(  0DFKR

 


$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD


 ; 0DFKR SLQR  &% &% %/   )2/+$ 
$',&,&8 &1
 ; 0DFKR SLQR  &% &% 25  
$',&,&8 &1

;  /8= '$ (;75(0,'$'( (648(5'$  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR & (&8 &% &% *1   )2/+$ 
'2 3,6&$3,6&$
 633; &% &% %.  

;  /8= '$ (;75(0,'$'( ',5(,7$  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR & (&8 &% &% *1   )2/+$ 
'2 3,6&$3,6&$
 633; &% &% %.   )2/+$ 

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH 


;  $/,0(17$d­2 '2 &21(&725 '( $5  )rPHD

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633; &% &% *1   )2/+$ 
 633;   5'  
 633;   5'  
 633; &% &% *1  
 633;   %.  
 633; &% &% %.  
 633;   %.  
 633; &% &% %.  

;  $/,0(17$d­2 '2 &21(&725 '( $5 0DFKR


3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633;   5'   )2/+$ 
 633;   *1  
 633;   *1  
 633;   5'  
 633;   %.  
 633;   %.  
 633;   %.  
 633;   %.  

;  &21752/( '2 &21(&725 '( $5 )rPHD


3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 63%3; &% &% *1   )2/+$ 
 63$3; &% &% <(  
 ; )rPHD SLQR  &% &% 353   )2/+$ 
02725 
 ; )rPHD SLQR  &% &% %/  
02725 
 ; )rPHD SLQR  &% &% %/  
02725 
 ; )rPHD SLQR  &% &% 353  
02725 
 ; 0DFKR SLQR % &% &% 25  
) 5 ( 5 ' 5
& 5 % 
 ; 0DFKR SLQR % &% &% 25  
) 5 ( 5 ' 5
& 5 % 

;  &21752/( '2 &21(&725 '( $5 0DFKR


3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR    *1   )2/+$ 
 ; 0DFKR SLQR    <(  

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD


 ; 0DFKR SLQR    25   )2/+$ 
 ; 0DFKR SLQR    353  
 ; 0DFKR SLQR    353  
 ; 0DFKR SLQR    353  
&21752/( '2 $5
&21',&,21$'2
 ; 0DFKR SLQR    353  
 ; 0DFKR SLQR    3  
 ; 0DFKR SLQR    353  
&21752/( '2 $5
&21',&,21$'2

;  0DFKR
3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 63%3;   353 )2/+$ 
 63$3;   5'

;  0DFKR
3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 63%3;   353 )2/+$ 
 63$3;   5'

;  0DFKR
3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633;   6/   )2/+$ 
 633;   %.  

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH 


;  0DFKR
3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 63%3;   353 )2/+$ 
 63$3;   5'

;  0DFKR
3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ;0DFKR3   71   )2/+$ 
 ;0DFKR3   %.  
 ;0DFKR3   37*  

;  0DFKR
3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 63$3;   5' )2/+$ 
 63%3;   353

;$  ,17(5)$&( '$ 81,'$'( '( &21752/( &(175$/ &&8  )rPHD

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR  5( 5( 5'   )2/+$ 

;  9,5( $ ',5(,7$ 683(5,25  0DFKR

 


$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD


 ; )rPHD SLQR  $* $/,0(17$d­2 '$ 25   )2/+$ 
62/(12,'(6 $* 9È/98/$ 62/(12,'(
',5(,7$
 ; )rPHD SLQR  $* 5(72512 '$ 9È/98/$ 25  
62/(12,'(6 $* 62/(12,'( ',5(,7$

;  9,5( $ (648(5'$ ,1)(5,25  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; )rPHD SLQR  $* $/,0(17$d­2 '$ 25   )2/+$ 
62/(12,'(6 $* 9È/98/$ (648(5'$
'2 62/(12,'( '(
',5(d­2
 ; )rPHD SLQR  $* 5(72512 '$ 9È/98/$ 25  
62/(12,'(6 $* 62/(12,'( (648(5'$

;  6(1625 '( 35(66­2 '$ ',5(d­2  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
$ ; 0DFKR SLQR  $* 5(72512 '2 6(1625 %/   )2/+$ 
6(1625(6 $* '( 35(66­2
% ; 0DFKR SLQR  $*  9 '( 5() '2 3.  
6(1625(6 $* 6(1625 '( 35(66­2
& ; 0DFKR SLQR  $* 6,1$/ '2 6(1625 '( <(  
6(1625(6 $* 35(66­2

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH 


;  62/(12,'(6 '$ 25,(17$d­2 $8720È7,&$  )rPHD

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR  $*= 5(72512 '2 %.   )2/+$ 
,62/$0(172 &2/(725 62/(12,'( '(
'(6&$5*$ &856(1
 ; 0DFKR SLQR  $* 62/(12,'( '( 25  
,62/$0(172 &2/(725 25,(17$d­2
$8720È7,&$ '( 9
 ; 0DFKR SLQR  9,5$5 $* $/,0(17$d­2 '$ 25  
3$5$ $ ',5(,7$ 3$57( 9È/98/$ 62/(12,'(
683(5,25 ',5(,7$
 ; 0DFKR SLQR  9,5$5 $* 5(72512 '$ 9È/98/$ 25  
3$5$ $ ',5(,7$ 3$57( 62/(12,'( ',5(,7$
683(5,25
 ; 0DFKR SLQR  9,5$5 $* $/,0(17$d­2 '$ 25  
3$5$ $ (648(5'$ 3$57( 9È/98/$ (648(5'$
,1)(5,25 '2 62/(12,'( '(
',5(d­2
 ; 0DFKR SLQR  9,5$5 $* 5(72512 '$ 9È/98/$ 25  
3$5$ $ (648(5'$ 3$57( 62/(12,'( (648(5'$
,1)(5,25

;  62/(12,'(6 '( 25,(17$d­2 $8720È7,&$ 0DFKR


3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR    25   )2/+$ 
',5(d­2 5È3,'$
 ; 0DFKR SLQR    25  
',5(d­2 5È3,'$
 ; 0DFKR SLQR    25  
 ; 0DFKR SLQR    25  
 ; 0DFKR SLQR    25  
 ; 0DFKR SLQR    25  

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

;  6(1625(6 '$ 25,(17$d­2 $8720È7,&$  )rPHD

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR    *1   )2/+$ 
 ; 0DFKR SLQR    3.  
 ; 0DFKR SLQR    37*  
 ; 0DFKR SLQR    25  
 ; 0DFKR SLQR    25  
 ; 0DFKR SLQR    25  

;  6(1625(6 '$ 25,(17$d­2 $8720È7,&$  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR  $* 6(1625 '( ',5(d­2 3.   )2/+$ 
6(1625 '2 Æ1*8/2 '(  9
',5(d­2
 ; 0DFKR SLQR  $* 6,1$/ 6(1625 <(  
6(1625 '2 Æ1*8/2 '( ',5(d­2
',5(d­2
 ; 0DFKR SLQR  $* 7(55$ '2 6(1625 %/  
6(1625 '2 Æ1*8/2 '( ',5(d­2
',5(d­2
 ; 0DFKR SLQR & $* 6,1$/ '2 6(1625 '( <(  
6(1625 '( 35(66­2 '$ 35(66­2
',5(d­2
 ; 0DFKR SLQR $ $* 5(72512 '2 6(1625 %/  
6(1625 '( 35(66­2 '$ '( 35(66­2
',5(d­2
 ; 0DFKR SLQR % $*  9 '( 5() '2 3.  
6(1625 '( 35(66­2 '$ 6(1625 '( 35(66­2
',5(d­2

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

;  ,62/$0(172 &2/(725  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; )rPHD SLQR  $* 62/(12,'( '( 25   )2/+$ 
62/(12,'(6 $* 25,(17$d­2
$8720È7,&$ '( 9
 ; )rPHD SLQR  $*= 5(72512 '2 %.  
62/(12,'(6 $* 62/(12,'( '(
'(6&$5*$ &856(1

;   0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633;   %5   )2/+$ 
 ; 0DFKR SLQR    %5  
 633;   %5  
 633;   %5  
 633;   %.  

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

;   )rPHD

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 63$3;   5'   )2/+$ 
 63%3;   353  
 ; 0DFKR SLQR    <(   )2/+$ 

;  0DFKR
3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 63$3;   5'   )2/+$ 
 63%3;   353  
 ; 0DFKR SLQR    <(   )2/+$ 

;   0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 63$3;   5'   )2/+$ 
 63%3;   353  

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

;  ,0&; 0DFKR

,0&; 
&0,;
3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633;   %5   )2/+$ 
 633;   :+  
 633;   <(  
 633;   6/  
 633;   %.  

;   0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR    %.   )2/+$ 
 633;   %.  

;  0DFKR
3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR    71   )2/+$ 
 ; 0DFKR SLQR    :+  
 ; 0DFKR SLQR    6/  
 ; )rPHD SLQR    <(  
 ; 0DFKR SLQR    %5  
 ; 0DFKR SLQR    %.  

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH 


;   0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633;   %.   )2/+$ 
 633;   :+  
 633;   %5  
 633;   6/  
 633;   71  
 633;   <(  

;   0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR    %5   )2/+$ 
',5(d­2 5È3,'$
 633;   %.  
 ; 0DFKR SLQR    :+  
',5(d­2 5È3,'$
$ 633;   %5  

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

;   0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR    25   )2/+$ 
62/(12,'(6 $*
 633;   %.  
 633;   %5  
 ; 0DFKR SLQR    25  

;   0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR    25   )2/+$ 
62/(12,'(6 $*
 633;   %.  
 ; 0DFKR SLQR    25  
 633;   %5  

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

;   )rPHD

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633;   %5   )2/+$ 
 ; 0DFKR SLQR    6/  
 633;   %.  

;  0DFKR
3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR    %5   )2/+$ 
 ; 0DFKR SLQR    6/  
 ; 0DFKR SLQR    %.  

;   )rPHD

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; )rPHD SLQR    5' )2/+$ 
 ; )rPHD SLQR    353
 ; 0DFKR SLQR    71   )2/+$ 
 ; 0DFKR SLQR    :+  

;  0DFKR
3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 63$3;   5'   )2/+$ 
 63%3;   353  
 ; 0DFKR SLQR    71   )2/+$ 
 ; 0DFKR SLQR    :+  

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH 


;   )rPHD

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 63$3; &% &% <(   )2/+$ 
 63%3; &% &% *1  
 63$3; &% &% <(  
 63%3; &% &% *1  

;   0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633;   5'   )2/+$ 
 633;   %.  

;  )rPHD
3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR    5'   )2/+$ 
 ; 0DFKR SLQR    :+  
 ; 0DFKR SLQR    *1  
 ; 0DFKR SLQR    %.  

;  0DFKR
3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR    5'   )2/+$ 
 ; 0DFKR SLQR    :+  
 ; 0DFKR SLQR    *1  
 ; 0DFKR SLQR    %.  

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH 


;  )5(,2 '( (67$&,21$0(172 (/(75Ð1,&2  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
$ 633;   353   )2/+$ 
$ ; 0DFKR SLQR $ &% &% %5  
0,1,)86Ë9(/ ) $ )
$ ; 0DFKR SLQR    :+  
$ ; 0DFKR SLQR % ) 5 &% &% :+  
( 5 ' 5 & 5 % 5
$ ; SLQR  ,17(5583725 &% &% 25  
6+877/(
$ ; 0DFKR SLQR  &% &% *1  
$ 633; &% &% %.  
% ; 0DFKR SLQR    :+  
% ; 0DFKR SLQR  )5(,2 &% &% :+  
'( 0­2
% 633; &% &% :+  
& 633; &% &% *1  
& 63$3; &% &% <(  
& 63%3; &% &% *1  
& ; SLQR  ,17(5583725 &% &% %/  
6+877/(

;   0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633;   353   )2/+$ 
 633;   353  
 ; 0DFKR SLQR % )5(,2   :+  
'( (67$&,21$0(172
(/(75Ð1,&2
 ; 0DFKR SLQR $ )5(,2   :+  
'( (67$&,21$0(172
(/(75Ð1,&2

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH 


;   0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
$ ; 0DFKR SLQR    *1   )2/+$ 
% ; 0DFKR SLQR    *1  
& ; 0DFKR SLQR    3.  
' ; 0DFKR SLQR    3.  
( 633;   3  

;   0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
$ ; 0DFKR SLQR    /*   )2/+$ 
% 633;   %.  

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

;   0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633;   %5   )2/+$ 
 633;   5'  
 633;   6/  
 633;   %.  
 633;   %.  

;   0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
$ ; 0DFKR SLQR    <(   )2/+$ 
% ; 0DFKR SLQR    3  
& ; 0DFKR SLQR    353  
' 633;   %.  
( 633;   5'  
) ; 0DFKR SLQR    <(  
* ; 0DFKR SLQR    353  

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

;   0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633;   5'   )2/+$ 
 633;   %.  
 ; 0DFKR SLQR    353  
 ; 0DFKR SLQR    25  
 ; 0DFKR SLQR    5'  
 633;   %.  

;   0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR    *1   )2/+$ 
&21752/( '2 $5
&21',&,21$'2
 ; 0DFKR SLQR    <(  
&21752/( '2 $5
&21',&,21$'2

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD


 ; 0DFKR SLQR )   <(   )2/+$ 
 633;   :+  
 ; 0DFKR SLQR    353  
 633;   5'  
 ; 0DFKR SLQR    3  
&21752/( '2 $5
&21',&,21$'2
 ; 0DFKR SLQR    25  
&21752/( '2 $5
&21',&,21$'2
 633;   5'  
 633;   %.  
 ; 0DFKR SLQR    5'  
 ; 0DFKR SLQR $   <(  
 ; 0DFKR SLQR %   3  
 ; 0DFKR SLQR    25  
 633;   %5  
 633;   6/  
 ; 0DFKR SLQR $   *1  
 ; 0DFKR SLQR %   *1  
 ; 0DFKR SLQR $   /*  
 ; 0DFKR SLQR &   3.  
 ; 0DFKR SLQR '   3.  
 ; 0DFKR SLQR    353  
&21752/( '2 $5
&21',&,21$'2
 ; 0DFKR SLQR    353  
&21752/( '2 $5
&21',&,21$'2
 ; 0DFKR SLQR &   353  
 ; 0DFKR SLQR *   353  

;   0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR    353   )2/+$ 
&21752/( '2 $5
&21',&,21$'2
 ; 0DFKR SLQR    353  

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

;   0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR )   *1   )2/+$ 
 ; 0DFKR SLQR    353  
 633;   %.  

;   0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
$ ; 0DFKR SLQR    *1   )2/+$ 
% ; 0DFKR SLQR    3.  
& ; 0DFKR SLQR    3.  
' ; 0DFKR SLQR    *1  
( 633;   5'  
) ; 0DFKR SLQR    *1  

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

;   0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633;   %.   )2/+$ 
 ; 0DFKR SLQR $   *1  
 ; 0DFKR SLQR %   3.  
 ; 0DFKR SLQR &   3.  
 ; 0DFKR SLQR '   *1  

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH 


;   0DFKR
3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR %   %5   )2/+$ 
 ; 0DFKR SLQR $   %5  

;   0DFKR


3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
$ ; 0DFKR SLQR    %5   )2/+$ 
$ 633;   %.  
$ ; 0DFKR SLQR    %5  
$ 633;   <(  

;   0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR $   %5   )2/+$ 
 ; 0DFKR SLQR    %5  
 ; 0DFKR SLQR    %5  
 ; 0DFKR SLQR %   %5  
 633;   %.  
 633;   %.  

;   )rPHD

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR    5'   )2/+$ 
 ; 0DFKR SLQR    5'  
 ; 0DFKR SLQR    <(  
 ; 0DFKR SLQR    <(  

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

;  0DFKR
3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633;   5'   )2/+$ 
 633;   5'  
 633;   <(  
 633;   <(  

;   0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD


 633;   %.   )2/+$ 

;   0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; )rPHD SLQR    <(   )2/+$ 
 ; )rPHD SLQR    <(  
 633;   %.  

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH 


;   0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633;   %.   )2/+$ 

;   0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; )rPHD SLQR $   %5   )2/+$ 
$32,2 '( %5$d2 
 ; )rPHD SLQR %   353  
$32,2 '( %5$d2 
 ; )rPHD SLQR &   <(  
$32,2 '( %5$d2 
 ; )rPHD SLQR &   *1  
$32,2 '( %5$d2 
 ; 0DFKR SLQR $   *1  
$32,2 '( %5$d2 
 ; 0DFKR SLQR $   :+  
$32,2 '( %5$d2 
 ; )rPHD SLQR %   %.  
$32,2 '( %5$d2 
 ; )rPHD SLQR &   %.  
$32,2 '( %5$d2 

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

;   0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633;   *1   )2/+$ 
 ; 0DFKR SLQR    %.  
 633;   %.  
 633;   %.  
 ; 0DFKR SLQR    *1  
 633;   *1  

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH 


;   )rPHD

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR    %.   )2/+$ 
 ; 0DFKR SLQR    *1  

;  0DFKR
3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633;   *1   )2/+$ 
 633;   %.  
 ; 0DFKR SLQR    %.  
 ; 0DFKR SLQR    *1  
 ; 0DFKR SLQR    %5  

;   0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; )rPHD SLQR    %.   )2/+$ 
 ; )rPHD SLQR    *1  

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH 


;   0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; )rPHD SLQR    5'   )2/+$ 

;   0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633;   %.   )2/+$ 

;   0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; )rPHD SLQR    5'   )2/+$ 

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

;   0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633;   %.   )2/+$ 

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH 


;  %$7(5,$ 0 9(  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; )rPHD SLQR  %6 %6 %.   )2/+$ 
&21(&725 35(72

;  0DFKR
3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR    %5   )2/+$ 
 ; 0DFKR SLQR    25  
 ; 0DFKR SLQR    *1  
 ; 0DFKR SLQR    %5  
 ; 0DFKR SLQR    %5  

;  0DFKR
3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR    5'   )2/+$ 
(;7(16­2 '2 ,62 %86 '$
&$1
 ; 0DFKR SLQR    <(  
(;7(16­2 '2 ,62 %86 '$
&$1
 ; 0DFKR SLQR    %.  
(;7(16­2 '2 ,62 %86 '$
&$1
 ; 0DFKR SLQR    *1  
(;7(16­2 '2 ,62 %86 '$
&$1

;  0DFKR
3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633;   %5   )2/+$ 
 ; 0DFKR SLQR %   %5  

;  0DFKR
3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633;   %5   )2/+$ 
 ; 0DFKR SLQR    %5  

;  0DFKR
3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633;   %5   )2/+$ 

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

;   0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR    353   )2/+$ 
$',&,21( $6 /Æ03$'$6 +
12 7(72
 ; 0DFKR SLQR    353  
$',&,21( $6 /Æ03$'$6 +
12 7(72
 ;$0DFKR3   353  
 ; 0DFKR SLQR    353  
$',&,21( $6 /Æ03$'$6 +
12 7(72
 ; 0DFKR SLQR    353  
$',&,21( $6 /Æ03$'$6 +
12 7(72
 ;$0DFKR3   353  

;  )rPHD
3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR    5'   )2/+$ 
 ; 0DFKR SLQR    5'  
 ; 0DFKR SLQR    %.   )2/+$ 
(1*$7( ',$17(,52 ( 7'3
',$17(,5$
 ; 0DFKR SLQR    %5   )2/+$ 
(1*$7( ',$17(,52 ( 7'3
',$17(,5$
 ; 0DFKR SLQR    %5  
(1*$7( ',$17(,52 ( 7'3
',$17(,5$
 ; 0DFKR SLQR    3.  
(1*$7( ',$17(,52 ( 7'3
',$17(,5$
 ; 0DFKR SLQR    %5  
(1*$7( ',$17(,52 ( 7'3
',$17(,5$
 ; 0DFKR SLQR    %5  
(1*$7( ',$17(,52 ( 7'3
',$17(,5$
 ; 0DFKR SLQR    71  
(1*$7( ',$17(,52 ( 7'3
',$17(,5$

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

;  0DFKR
3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR    25   )2/+$ 
(1*$7( ',$17(,52 ( 7'3
',$17(,5$
 ; 0DFKR SLQR    25  
(1*$7( ',$17(,52 ( 7'3
',$17(,5$
 ; 0DFKR SLQR    25  
(1*$7( ',$17(,52 ( 7'3
',$17(,5$
 ; 0DFKR SLQR    5'  
(1*$7( ',$17(,52 ( 7'3
',$17(,5$
 ; 0DFKR SLQR    %5  
(1*$7( ',$17(,52 ( 7'3
',$17(,5$
 ; 0DFKR SLQR    %5  
5(02726 0(&Æ1,&26
)+3/
 ; 0DFKR SLQR    %.  
5(02726 0(&Æ1,&26
)+3/
 633;   3.  
 633;   %5  
 ; 0DFKR SLQR    71  
 ; 0DFKR SLQR    71  

;  0DFKR
3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633;   353   )2/+$ 
 633;   353  
 633;   %.  

;  0DFKR
3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633;   353   )2/+$ 
 633;   353  
 633;   %.  

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH 


;  0DFKR
3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR   25   )2/+$ 
 9È/98/$ '$ 3È
&$55(*$'(,5$ 
 ; 0DFKR SLQR   25  
 9È/98/$ '$ 3È
&$55(*$'(,5$ 

;  0DFKR
3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR    5'   )2/+$ 
 ; 0DFKR SLQR    5'  

;  0DFKR
3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR    5'   )2/+$ 
62/(12,'( '2 02725 '(
3$57,'$ 
 ; 0DFKR SLQR    5'  
62/(12,'( '2 02725 '(
3$57,'$
 ; 0DFKR SLQR    5'  
 ; 0DFKR SLQR    5'  
 3   5'  

;  0DFKR
3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR    1%   )2/+$ 
 ; 0DFKR SLQR    65  
 ; 0DFKR SLQR    6<  
 ; 0DFKR SLQR    1:  

;  0DFKR
3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR    :*   )2/+$ 
 ; 0DFKR SLQR    82  
 ; 0DFKR SLQR    6%  
 ; 0DFKR SLQR    %3  

;  0DFKR
3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR    8%   )2/+$ 
 ; 0DFKR SLQR    2:  
 ; 0DFKR SLQR    85  
 ; 0DFKR SLQR    <%  

;  0DFKR
3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR    <%   )2/+$ 
 ; 0DFKR SLQR    .%  
 ; 0DFKR SLQR    1%  
 ; 0DFKR SLQR    <5  

;  0DFKR
3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR    <*   )2/+$ 
 ; 0DFKR SLQR    61  
 ; 0DFKR SLQR    1%  
 ; 0DFKR SLQR    *5  

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH 


;  0DFKR
3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR    :%   )2/+$ 
 ; 0DFKR SLQR    5*  
 ; 0DFKR SLQR    6%  

;  0DFKR
3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR    2*   )2/+$ 
 ; 0DFKR SLQR    :<  

;  0DFKR
3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR    :8   )2/+$ 
 ; 0DFKR SLQR    2%  

;  0DFKR
3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR    *1   )2/+$ 

;  0DFKR
3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR    :+   )2/+$ 
 ; 0DFKR SLQR    5'  
 ; 0DFKR SLQR    %.  

;  0DFKR
3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR    %.   )2/+$ 
 ; 0DFKR SLQR    5'  
 ; 0DFKR SLQR    *1  

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH 


;  0DFKR

;  0DFKR
3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 63 75$. 75$. )2/+$ 
 63 75$. 75$.

;  0DFKR

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH 


;  0DFKR

;  0DFKR

;  0DFKR

;  0DFKR

;  0DFKR

;  0DFKR

;  0DFKR

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH 


;  0DFKR

;  0DFKR

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH 


;  /8=(6 '2 0$5&$'25  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 633; 75 75 %5   )2/+$ 
 633; 75 75 %.  
 633; 75 75 *1  
 633; 75 75 <(  

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH 


;  326,7,92 '$ %$7(5,$  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; SLQR  62/(12,'( '2 %7 $/,0(17$d­2 5'   )2/+$ 
02725 '( 3$57,'$

;  62/(12,'( '2 02725 '( 3$57,'$  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR    5'   )2/+$ 
 ; 0DFKR SLQR  %7 $/,0(17$d­2 5'  
326,7,92 '$ %$7(5,$
 ; 0DFKR SLQR  (1 (1 %5  
$/7(51$'25 

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH 


;   0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; )rPHD SLQR  %6 %6 5'   )2/+$ 
&21(&725 9(50(/+2

;  (/(75Ð1,&2 '$ &$%,1(  0DFKR

 

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD
 ; 0DFKR SLQR   %6 %6 %/   )2/+$ 
(1(5*,$ (

;  ,62/$'25 .$0  0DFKR

 


$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

3LQR $ SDUWLU GH )LR 'HVFULomR &RU7DPDQKR (VWUXWXUD


 633; %6 %6 5'   )2/+$ 

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

)XVtYHLV H UHOpV
$ FDL[D GH IXVtYHLV H UHOpV HVWi ORFDOL]DGD QD SDUWH
VXSHULRU GR FRQVROH GH FRQWUROH GR ODGR GLUHLWR 3DUD
DFHVVDU RV IXVtYHLV UHPRYD RV GRLV SDUDIXVRV H D
WDPSD GH SURWHomR (P DFUpVFLPR DRV IXVtYHLV SULQFL
SDLV Ki RV IXVtYHLV 0D[L DGLFLRQDLV TXH VmR IRUQHFLGRV
SDUD SURWHJHU RV IXVtYHLV SULQFLSDLV H R FLUFXLWR HOpWULFR
([LVWHP IXVtYHLV TXH HVWmR LQVWDODGR SRUpP QmR VmR
XWLOL]DGRV H SRGHP VHU XVDGRV FRPR UHSRVLomR 2V
IXVtYHLV VmR QXPHUDGRV H FRGL¿FDGRV SRU FRU 6XD SR
VLomR H FODVVL¿FDomR VmR GHVFULWDV QD WDEHOD D VHJXLU
$9,62 0DQWHQKD VHPSUH D PiTXLQD GHVOLJDGD FRP D
FKDYH GH LJQLomR QD SRVLomR GHVOLJDGR 2)) TXDQGR IRU
UHPRYHU RX LQVWDODU DOJXP IXVtYHO RX UHOp %6($ 

$9,62 6XEVWLWXD XP IXVtYHO TXHLPDGR SRU RXWUR GH


PHVPD FODVVL¿FDomR

&8,/75$$ 

'HVFULomR GRV IXVtYHLV SULQFLSDLV 0D[L )XVH


1ž &RUUHQWH &RPSRQHQWHV SURWHJLGRV
0)  $ 5HOp GR IRUQHFLPHQWR SDUD LJQLomR
0)  $ )RUQHFLPHQWR SDUD ) ) ) ) ) )
0)  $ )RUQHFLPHQWR SDUD ) ) ) ) ) ) 5HOp GR PRWRU GH SDUWLGD
0)  $ )RUQHFLPHQWR SDUD ) ) 7RPDGD GH HQHUJLD GR LPSOHPHQWR WUDVHLUR
0)  $ )RUQHFLPHQWR SDUD ) ) ) ) )
0)  $ )RUQHFLPHQWR SDUD ) ) ) ) ) )

0LQL IXVtYHLV
1ž &RUUHQWH &LUFXLWR 1ž &RUUHQWH &LUFXLWR
  $ /X]HV LQWHUQDV H kPEDU   $ (&8 GD EDOL]D JLUDWyULD
7RPDGD GH  9 H WRPDGD GH SyOR
  $   $ 8QLGDGH GDV VHWDV GLUHFLRQDLV
~QLFR
(PEUHDJHP GR FRPSUHVVRU GR DU &RQHFWRU GH GLDJQyVWLFR 
  $   $
FRQGLFLRQDGR %DUUDPHQWR  GD &$1
&RQMXQWR GH LQVWUXPHQWRV % H
  $ 6RTXHWHV GH DFHVVyULR   $
,QWHUUXSWRU GR IUHLR PDQXDO
)RUQHFLPHQWR GH HQHUJLD SDUD R
  $ 0RWRU GR YHQWLODGRU   $
FRQWURODGRU H PRQLWRU FRORULGR

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

1ž &RUUHQWH &LUFXLWR 1ž &RUUHQWH &LUFXLWR


(&8 GD OkPSDGD GH WUDEDOKR H .$0
  $   $ &RQMXQWR GH LQVWUXPHQWRV LJQLomR
GR UiGLR
7UDQVPLVVmR LJQLomR  SHGDO GR
,QWHUUXSWRU GDV OX]HV SULQFLSDLV H DFHOHUDGRU DODYDQFD GH VHOHomR GH
  $   $
,QWHUUXSWRU GH SHULJR DYDQoR H Up FRQWURODGRU GH LQWHUIDFH
GR EDUUDPHQWR ,62 7(&8
0RQLWRU GLJLWDO LQGLFDGRU GH PDUFKDV
  $ ,QWHUUXSWRU GR PRWRU GH SDUWLGD   $
7') SDLQHO GH LQWHUUXSWRUHV H &&8
IRUQHFLPHQWR GH LJQLomR GD &&8
$&8 DSRLR GH EUDoR LQWHUUXSWRU
GR DU FRQGLFLRQDGR LQWHUUXSWRU GH
  $ 3i FDUUHJDGHLUD TXDQGR HTXLSDGR   $
RULHQWDomR DXWRPiWLFD GR OHYDQWDGRU
KLGUiXOLFR LQWHUUXSWRU H[WHUQR GR
(+5 QR SDUDODPD
  $ 6RTXHWH GH LPSOHPHQWR   $ 5iGLR
  $ /LPSDGRU GR SDUDEULVD   $ 1mR XWLOL]DGR
  $ /DYDGRU GR SDUDEULVD   $ 1mR XWLOL]DGR
,QWHUUXSWRU GR PRWRU GH SDUWLGD
  $ 5HOp GDV /X]HV GH )UHLR   $
SRVLomR 5XQ
,QWHUUXSWRU GD OX] SULQFLSDO H XQLGDGH
  $   $ )RUQHFLPHQWR GH HQHUJLD UHVHUYD
GD VHWD GLUHFLRQDO
)RUQHFLPHQWR GH HQHUJLD LJQLomR
  $ ,QWHUUXSWRU GD OX] GH IUHLR   $
 $ VRTXHWH FROXQD & HVTXHUGD
  $ 5HOp GH IUHLR SQHXPiWLFR   $ 0yGXOR HOHWU{QLFR GR PRWRU (&0
)RUQHFLPHQWR GH HQHUJLD SDUD D
  $ 6RTXHWHV GH DFHVVyULR   $
LJQLomR
  $ 0RWRU GR YHQWLODGRU H DVVHQWR   1mR XWLOL]DGR
0RWRU GR YHQWLODGRU H DTXHFHGRU GH
  $ 1mR XWLOL]DGR   $
SDUWLGD j IULR
  $ 6RTXHWH GR UDGDU WHFODGR H UDGDU   1mR XWLOL]DGR
$TXHFHGRU WLSR JUDGH VHQVRU GH
  $ iJXD QR FRPEXVWtYHO H LQWHUUXSWRU GR   $ )UHLR GH HVWDFLRQDPHQWR HOHWU{QLFR
QtYHO GR ÀXLGR GH IUHLR
)RUQHFLPHQWR GH HQHUJLD %
  $ /kPSDGDV ODWHUDLV GLUHLWDV   $
,QWHUIDFH WHWR
)RUQHFLPHQWR GH HQHUJLD %
  $ /kPSDGDV ODWHUDLV HVTXHUGDV   $
,QWHUIDFH WHWR
)RUQHFLPHQWR GH HQHUJLD %
  $ ,OXPLQDomR   $
,QWHUIDFH WHWR
  $ 5HOp GRV IDUyLV EDL[RV OX]HV VLJDPH   1mR XWLOL]DGR
  $ )DURO GLDQWHLUR SULQFLSDO   1mR XWLOL]DGR
/kPSDGDV GH WUDEDOKR GLDQWHLUDV
  $   1mR XWLOL]DGR
&DS{
  $ (&8 GD OkPSDGD GH WUDEDOKR   1mR XWLOL]DGR
  $ (&8 GD OkPSDGD GH WUDEDOKR   1mR XWLOL]DGR
  $ /kPSDGDV GH WUDEDOKR WUDVHLUDV   $ ,VROGRU GD EDWHULD TXDQGR HTXLSDGR

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

&DL[D GH UHOpV
$ FDL[D GH UHOpV HVWi ORFDOL]DGD QD SDUWH IURQWDO GR FRQ
VROH GH FRQWUROH GR ODGR GLUHLWR 3DUD DFHVVDU RV UHOpV
UHPRYD RV SDUDIXVRV H D WDPSD GH SURWHomR
$9,62 0DQWHQKD VHPSUH D PiTXLQD GHVOLJDGD FRP D
FKDYH GH LJQLomR QD SRVLomR GHVOLJDGR 2)) TXDQGR IRU
UHPRYHU RX LQVWDODU DOJXP UHOp

%5,$ 

%5,& 

5HOp )XQomR
5  5 0yGXOR GH LQWHUUXSWRUHV GR OLPSDGRU GR SDUDEULVD GLDQWHLUR H PyGXOR GH LQWHUUXSWRUHV GR OLPSDGRU
GR YLGUR WUDVHLUR
5 5HOp GD LJQLomR
5 /kPSDGDV GH GHPDUFDomR ODWHUDO H LOXPLQDomR
5 0RWRU GH SDUWLGD OLJDGR
5 0RWRU GR YHQWLODGRU
5 )DURO EDL[R
5 /X]HV GH IUHLR
5 )DURO DOWR
5 )RQWH GH DOLPHQWDomR SDUD R IUHLR KLGUiXOLFR GR UHERTXH
5 )RQWH GH DOLPHQWDomR SDUD R IUHLR SQHXPiWLFR GR UHERTXH
5 )RQWH GH DOLPHQWDomR SDUD R VLVWHPD GH IUHLR D DU
5 )RQWH GH DOLPHQWDomR SDUD R VLVWHPD HOHWU{QLFR GR PRWRU
5 1mR XWLOL]DGR

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

5HOp GDV OX]HV VLJDPH TXDQGR HTXLSDGR


2 UHOp WHPSRUL]DGRU  H GDV OX]HV VLJDPH  HVWi
ORFDOL]DGR VRE R FRQVROH GR ODGR GLUHLWR
5HPRYD RV TXDWUR SDUDIXVRV QR SDLQHO GLDQWHLUR LQIHULRU
SDUD DFHVVDU R UHOp

66$ 

)XVtYHLV SDUD D DOLPHQWDomR HOpWULFD


8P RXWUR JUXSR GH IXVtYHLV TXH SURWHJHP R VLVWHPD
GH DOLPHQWDomR GH HQHUJLD GD PiTXLQD HVWi ORFDOL]DGR
MXQWR j EDWHULD 3DUD WHU DFHVVR DRV IXVtYHLV UHPRYD D
WDPSD GH SURWHomR GD EDWHUD

&8,/75$$ 

5HIHUrQFLD &RUUHQWH )RQWH GH DOLPHQWDomR SURWHJLGD FRP IXVtYHO


  $ ,62 %86 UHOp 
  $ ,62 %86 UHOp 

$ 
 >@  
6LVWHPDV HOpWULFRV  &KLFRWHV H FRQHFWRUHV

)XVtYHLV SULQFLSDLV
8P RXWUR JUXSR GH IXVtYHLV TXH SURWHJHP R VLVWHPD
GH DOLPHQWDomR GH HQHUJLD GD PiTXLQD HVWi ORFDOL]DGR
MXQWR DR PRWRU GH SDUWLGD 3DUD WHU DFHVVR DRV IXVtYHLV
UHPRYD D WDPSD GH SURWHomR  

&8,/75$$ 

&8,/75$$ 

5HIHUrQFLD &RUUHQWH )RQWH GH DOLPHQWDomR SURWHJLGD FRP IXVtYHO


  $ $OLPHQWDomR SULQFLSDO %
  $ )RQWH GH DOLPHQWDomR ( VLVWHPD HOHWU{QLFR
  $ )RQWH GH DOLPHQWDomR (&8V %

$ 
 >@  
ËQGLFH

6LVWHPDV HOpWULFRV  

&KLFRWHV H FRQHFWRUHV  

&KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  ',675,%8,d­2 '( (1(5*,$  )86Ë9(,6


0$;,                                                                               
&KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  ',675,%8,d­2 '( (1(5*,$  )86Ë9(,6
                                                                                   
&KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )86Ë9(,6                        
&KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )86Ë9(,6                        
&KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )86Ë9(,6                        
&KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )86Ë9(,6                        
&KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )86Ë9(,6                        
&KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  3$57,'$ ( &$5*$ &20 2 ,62/$'25  
&KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  6(0 ,62/$'25                       
&KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  (&8 '2 02725                      
&KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  (&8 '2 02725                      
&KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/( '( 327Ç1&,$             
&KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2    
&KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2    
&KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2    
&KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2  ('&
 
&KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/$'25 '$ 75$160,66­2    
&KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  720$'$ '( 327Ç1&,$               
&KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  81,'$'( '( &21752/( $8;,/,$5    
&KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  81,'$'( '( &21752/( $8;,/,$5    
&KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  81,'$'( '( &21752/( '$ ',5(d­2 
&KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  3$,1(/ '( ,167580(1726           
&KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  3$,1(/ '( ,167580(1726           
&KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  $32,2 '( %5$d2 7                  
&KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  $32,2 '( %5$d2                     
&KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  25,(17$d­2 $8720È7,&$           
&KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  6,67(0$ '$ &$1                     
&KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/( '( &/,0$ $8720È7,&2   
&KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/( '( &/,0$ 0$18$/       
&KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  (63(/+26 $48(&,'26               

$ 
 >@  
&KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  7(/$ $48(&,'$                      
&KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  6248(7(6 '2 ,03/(0(172         
&KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  81,'$'( '2 3,6&$3,6&$            
&KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  /8=(6 '( 75$%$/+2*,526&Ï3,26  
&KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  /$7(5$/ &2162/( ( /Æ03$'$6 '$
3/$&$ '( /,&(1d$                                                                    
&KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  -2<67,&.                            
&KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  ,17(5583725 '$ 7'3 ( /Æ03$'$    
&KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )$5Ï,6/8=(6 '( 75$%$/+2 '2 &$3Ð 
&KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  75$,/(5                             
&KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  /8=(6 ,17(51$6                     
&KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  /Æ03$'$6 75$6(,5$63$5$'$ /Æ0
3$'$6 '( 75$%$/+2                                                                 
&KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  5È',2                                
&KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  /$9$'25(6 /,03$'25(6            
&KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  021,725 &2/25,'2                 
&KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  )5(,26 '2 75$,/(5                  
&KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  75$9$ '( (67$&,21$0(172 (/(75Ð
1,&$                                                                                  
&KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  3È &$55(*$'(,5$ ( 5(9(562      
&KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  $/,0(17$d­2 '$ ,62%86            
&KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &$1 %86                             
&KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &$1 %86                            
&KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &$1 (+5                             
&KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &$1 (+5                             
&KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &$1 (+5                             
&KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  ,62%86 &$1                          
&KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  &21752/( '2 +9$&                 
&KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  ,17(5583725 '( 6(/(d­2 '$ (+5  
&KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  $/$9$1&$6 (+5                     
&KLFRWHV GH ¿R  )ROKD GH GLDJUDPD HOpWULFR  6+  Ë1',&(  127$6 /(*(1'$ '2 ',$*5$0$
 
&KLFRWHV GH ¿R  ËQGLFH GR HVTXHPD HOpWULFR  7UDQVPLVVmR 636)36 [ FRP FDELQH         
&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH                                            
&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH                                            
&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH                                            
&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH                                            
&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH                                            
&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH                                            
&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH                                            
&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH                                            
&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH                                            

$ 
 >@  
&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH                                            
&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH                                            
&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH                                             
&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH                                            
&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH                                            
&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH                                            
&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH                                            
&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH                                            
&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH                                            
&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH                                            
&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH                                            
&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH                                            
&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH                                            
&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH                                            
&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH                                            
&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH                                            
&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH                                            
&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH                                            
&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH                                            
&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH                                            
&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH                                            
&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH                                            
&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH                                            
&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH                                            
&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH                                            
&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH                                            
&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH                                            
&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH                                            
&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH                                            
&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH                                            
&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH                                            
&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH                                            
&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH                                            
&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH                                            
&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH                                            
&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH                                            
&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH                                            
&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH                                            
&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH                                            
&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH                                            
&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH                                            
&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH                                            

$ 
 >@  
&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH                                            
&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH                                            
&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH                                            
&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH                                            
&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH                                            
&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH                                            
&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH                                            
&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH                                            
&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH                                            
&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH                                            
&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH                                            
&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH                                            
&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH                                            
&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH                                            
&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH                                            
&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH                                            
&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH                                            
&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH                                            
&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH                                            
&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH                                            
&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH                                            
&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH                                            
&RQHFWRUHV GR ¿R  'LDJUDPD GR FRPSRQHQWH                                            
&RQHFWRUHV GR ¿R  ËQGLFH GR HVTXHPD HOpWULFR  7UDQVPLVVmR 636)36 [ FRP FDELQH       
)XVtYHLV H UHOpV                                                                         

$ 
 >@  
6LVWHPDV HOpWULFRV  

%DWHULD  

7 &RP FDELQH [ 7,(5  >+&&=&(&:  @


7 &RP FDELQH [ 7,(5  >+&&=&(&:  @
7 &RP FDELQH [ 7,(5  >+&&=&(&:  @
7 &RP FDELQH [ 7,(5  >+&&=&(&:  @

$ 
 >@  
&RQWH~GR

6LVWHPDV HOpWULFRV  

%DWHULD  

'$'26 7e&1,&26

%DWHULD
(VSHFL¿FDo}HV JHUDLV                                                                        

'$'26 )81&,21$,6

%DWHULD
'HVFULomR HVWiWLFD                                                                           

6(59,d2

%DWHULD
&RQH[mR                                                                                   
'HVFRQH[mR                                                                                
5HPRomR                                                                                  
,QVWDODU                                                                                    
7HVWH HOpWULFR                                                                               
6XEVWLWXLU                                                                               

&RQVXOWH R FRQWH~GR SDUD REWHU RV PRGHORV HVSHFt¿FRV

$ 
 >@  
6LVWHPDV HOpWULFRV  %DWHULD

%DWHULD  (VSHFL¿FDo}HV JHUDLV


7HPSHUDWXUD (¿FLrQFLD GH XPD EDWHULD FRP FDUJD FRPSOHWD
 ƒ&  ƒ) 
 ƒ&  ƒ) 
 ƒ&  ƒ) 
 ƒ&  ƒ) 
 ƒ&  ƒ) 
 ƒ&  ƒ) 
 ƒ&  ƒ) 

 $K  FFD


3URJUDPDV GH FDUJD OHQWD  KUV D $
 KUV D  $
3URJUDPDV GH FDUJD UiSLGD DSHQDV HP HPHUJrQFLDV  KUV D  $

8VH D VHJXLQWH WDEHOD SDUD GHWHUPLQDU R VWDWXV GD FDUJD


6WDWXV GD FDUJD 3HVR HVSHFt¿FR FRUULJLGR D 3HVR HVSHFt¿FR FRUULJLGR D 7HQVmR PpGLD GD EDWHULD
 ƒ&  ƒ&
   
   
   
   
'HVFDUUHJDGD   

3HVR HVSHFt¿FR &DUJD UiSLGD DWp


 6* RX PHQRV  PLQXWHV
 ±  6*  PLQXWHV
 ±  6*  PLQXWHV
 ±  6*  PLQXWHV
&DUJD OHQWD DSHQDV

'HVFULomR (VSHFL¿FDomR GD EDWHULD


&DSDFLGDGH DPSqUHKRUD HP XPD WD[D GH  KRUDV 
&DSDFLGDGH GH DUUDQTXH D IULR 
7HQVmR 
&pOXODV 
7HUPLQDO GH WHUUD 1HJDWLYR

$ 
 >@  
6LVWHPDV HOpWULFRV  %DWHULD

%DWHULD  'HVFULomR HVWiWLFD


7RGRV RV PRGHORV XWLOL]DP XPD EDWHULD GH EDL[D PDQXWHQomR ± KtEULGD FRP WHUUD QHJDWLYR GH FRQVWUXomR GH VHLV
FpOXODV H HVWi ORFDOL]DGD QR ODGR GLUHLWR GR WUDWRU DWUiV GRV GHJUDXV GD FDELQH
127$ %DL[D PDQXWHQomR VLJQL¿FD TXH HP FRQGLo}HV QRUPDLV GH FDUUHJDPHQWR D EDWHULD SRGH SHUGHU XPD SH
TXHQD TXDQWLGDGH GH iJXD GR HOHWUyOLWR $V FRQGLo}HV TXH SRGHP FDXVDU SHUGD GH iJXD LQFOXHP R FDUUHJDPHQWR
SURORQJDGR DFLPD GH  YROWV HP TXH RFRUUH D JDVHL¿FDomR j PHGLGD TXH VH DSUR[LPD GD FDUJD FRPSOHWD ,VVR
SRGH VHU FDXVDGR SRU XP GHIHLWR QR VLVWHPD GH FDUUHJDPHQWR RX QR HTXLSDPHQWR GH FDUJD GH UHFXSHUDomRVXSOH
PHQWDU ERRVW 

$ EDWHULD WHP TXDWUR IXQo}HV SULQFLSDLV

‡ )RUQHFHU XPD IRQWH GH FRUUHQWH SDUD D SDUWLGD LOXPLQDomR H LQVWUXPHQWDomR


‡ $MXGDU QR FRQWUROH GD WHQVmR QR VLVWHPD HOpWULFR
‡ )RUQHFHU FRUUHQWH TXDQGR D GHPDQGD HOpWULFD H[FHGHU D VDtGD GR DOWHUQDGRU
‡ 3DUD VXSRUWDU DV FDUJDV LQHUWHV GD PHPyULD GH PLFURSURFHVVDGRU H UiGLR

$ EDWHULD IRL FRQVWUXtGD GH WDO IRUPD TXH FDGD FpOXOD FRQWpP SODFDV SRVLWLYDV H QHJDWLYDV SRVLFLRQDGDV DOWHUQDGD
PHQWH H SUy[LPDV XPDV jV RXWUDV &DGD SODFD SRVLWLYD p VHSDUDGD GD SODFD QHJDWLYD SRU PHLR GH XP VHSDUDGRU
HQYHORSH SRURVR QmR FRQGXWLYR 6H XPD SODFD SRVLWLYD ¿]HU HP FRQWDWR FRP XPD SODFD QHJDWLYD GHQWUR GH XPD
FpOXOD D FpOXOD HQWUD HP FXUWR H R GDQR p LUUHSDUiYHO 7RGDV DV SODFDV SRVLWLYDV VmR VROGDGDV D XPD EDUUD GH GLVWUL
EXLomR IRUPDQGR XP WHUPLQDO SRVLWLYR H WRGDV DV SODFDV QHJDWLYDV VmR VROGDGDV D XPD EDUUD GH GLVWULEXLomR VLPLODU
IRUPDQGR XP WHUPLQDO QHJDWLYR
&DGD SODFD SRVLWLYD p FRPSRVWD GH XPD PDOKD GH FKXPER FRP SHUy[LGR GH FKXPER FREULQGR DV DEHUWXUDV GD PDOKD
$V SODFDV QHJDWLYDV VmR FRPSRVWDV GH XPD PDOKD GH FKXPER FRP FKXPER HVSRQMRVR FREULQGR DV DEHUWXUDV GD
PDOKD
$V SODFDV VmR VXEPHUVDV HP XPD VROXomR GH HOHWUyOLWR GH iFLGR VXOI~ULFR GLOXtGR

$ 
 >@  
6LVWHPDV HOpWULFRV  %DWHULD

%DWHULD  &RQH[mR
2SHUDomR DQWHULRU
%DWHULD  'HVFRQH[mR  %DWHULD  6XEVWLWXLU 

 &RQHFWH R FDER QHJDWLYR GD EDWHULD  H LQVWDOH D


WDPSD GD EDWHULD
127$ 6H D EDWHULD IRU WRWDOPHQWH UHPRYLGD GR WUDWRU RX
XPD QRYD EDWHULD HVWLYHU VHQGR LQVWDODGD  YHUL¿TXH VH
R FDER SRVLWLYR WDPEpP HVWi VHQGR FRQHFWDGR FRUUHWD
PHQWH

%5$*75$// 

$ 
 >@  
6LVWHPDV HOpWULFRV  %DWHULD

%DWHULD  'HVFRQH[mR
 6ROWH R ERWmR GD WDPSD GD EDWHULD H UHWLUH D WDPSD GD
EDWHULD
 'HVFRQHFWH R FDER QHJDWLYR GD EDWHULD  

%5$*75$// 

$ 
 >@  
6LVWHPDV HOpWULFRV  %DWHULD

%DWHULD  5HPRomR
&8,'$'2
2 JiV GD EDWHULD SRGH H[SORGLU
3DUD HYLWDU H[SORVmR  6HPSUH GHVFRQHFWH R FDER QHJDWLYR  GD EDWHULD SULPHLUR  6HPSUH FR
QHFWH R FDER QHJDWLYR  GD EDWHULD SRU ~OWLPR  1mR FULH XP FXUWRFLUFXLWR QRV ERUQHV GD EDWHULD
FRP REMHWRV GH PHWDO  1mR VROGH HVPHULOKH QHP IXPH SHUWR GH XPD EDWHULD
2 GHVFXPSULPHQWR SRGH UHVXOWDU HP PRUWH RX IHULPHQWRV JUDYHV
:$

$7(1d­2
3HoDV SHVDGDV
$V EDWHULDV GDV PiTXLQDV VmR H[WUHPDPHQWH SHVDGDV *DUDQWD TXH D EDWHULD WHQKD XP ¿UPH VXSRUWH
GXUDQWH R SURFHVVR GH UHPRomR
$ QmR REVHUYkQFLD GHVVHV SURFHGLPHQWRV SRGHUi UHVXOWDU HP OHV}HV OHYHV RX PRGHUDGDV
&$

 *LUH R PDQtSXOR  QR VHQWLGR DQWLKRUiULR H UHPRYD D


WDPSD  

%5$*75/8( 

 'HVFRQHFWH R FDER QHJDWLYR  


 'HVFRQHFWH R FDER SRVLWLYR  
 5HPRYD DV SRUFDV  
 5HPRYD D FKDSD GH ¿[DomR  
 5HPRYD D EDWHULD GR VXSRUWH

%5$*75$// 

$ 
 >@  
6LVWHPDV HOpWULFRV  %DWHULD

%DWHULD  ,QVWDODU
&8,'$'2
2 JiV GD EDWHULD SRGH H[SORGLU
3DUD HYLWDU H[SORVmR  6HPSUH GHVFRQHFWH R FDER QHJDWLYR  GD EDWHULD SULPHLUR  6HPSUH FR
QHFWH R FDER QHJDWLYR  GD EDWHULD SRU ~OWLPR  1mR FULH XP FXUWRFLUFXLWR QRV ERUQHV GD EDWHULD
FRP REMHWRV GH PHWDO  1mR VROGH HVPHULOKH QHP IXPH SHUWR GH XPD EDWHULD
2 GHVFXPSULPHQWR SRGH UHVXOWDU HP PRUWH RX IHULPHQWRV JUDYHV
:$

$7(1d­2
3HoDV SHVDGDV
$V EDWHULDV GDV PiTXLQDV VmR H[WUHPDPHQWH SHVDGDV *DUDQWD TXH D EDWHULD WHQKD XP ¿UPH VXSRUWH
GXUDQWH R SURFHVVR GH UHPRomR
$ QmR REVHUYkQFLD GHVVHV SURFHGLPHQWRV SRGHUi UHVXOWDU HP OHV}HV OHYHV RX PRGHUDGDV
&$

 0RQWH D EDWHULD QR VXSRUWH


 ,QVWDOH D FKDSD GH ¿[DomR  
 ,QVWDOH DV SRUFDV  
 &RQHFWH R FDER SRVLWLYR  
 &RQHFWH R FDER QHJDWLYR  

%5$*75$// 

 ,QVWDOH D WDPSD  
 *LUH R PDQtSXOR  QR VHQWLGR KRUiULR SDUD ¿[DU D
WDPSD

%5$*75/8( 

$ 
 >@  
6LVWHPDV HOpWULFRV  %DWHULD

%DWHULD  7HVWH HOpWULFR


3HVR HVSHFt¿FR
 2 SHVR HVSHFt¿FR GR HOHWUyOLWR GD EDWHULD LQGLFD R HV
WDGR GD FDUJD 2 SHVR HVSHFt¿FR GR HOHWUyOLWR TXDQGR D
EDWHULD WHP FDUJD WRWDO p GH QR PtQLPR  D  ƒ&
8PD RSomR SDUD VDEHU R HVWDGR DSUR[LPDGR GD FDUJD
p PHGLU XVDQGR XP YROWtPHWUR GLJLWDO SUHFLVR  9
FRPR VH VHJXH
0HQRU TXH  9 %DWHULD LQXWLOL]DGD
0HQRU TXH  9 %DWHULD GHVFDUUHJDGD
0HQRU TXH  9 %DWHULD FRP  FDUJD
0HOKRU TXH  9 %DWHULD FRP FDUJD FRPSOHWD
9HMD D REVHUYDomR QR LWHP WHVWHV SDUD D VDEHU D SRV
VLELOLGDGH GH UHFXSHUDomR GH XPD EDWHULD OHYHPHQWH
VXOIDWDGD
9ROWDJHP GD EDWHULD D VHU WRPDGD FRP D EDWHULD GHV
FDUUHJDGD H
$ 'HSRLV TXH D EDWHULD SHUPDQHFHX GHVFDUUHJDGD HP
UHSRXVR SRU SHOR PHQRV  KRXUV
% 6H R YHtFXOR IXQFLRQRX RX VH D EDWHULD IRL FDUUHJDGD
UHFHQWHPHQWH OLJXH RV IDUyLV SRU  PLQXWHV
4XDQGR XPD EDWHULD GHVFDUUHJD R iFLGR VXOI~ULFR QR
HOHWUyOLWR VH FRPELQD TXLPLFDPHQWH FRP DV SODFDV H
HVVD DomR GLPLQXL R SHVR HVSHFt¿FR GD VROXomR
2 KLGU{PHWUR GD EDWHULD GHWHUPLQDUi VH R SHVR HVSHFt
¿FR GR HOHWUyOLWR HP XPD FpOXOD H D TXDQWLGDGH GH iFLGR
VXOI~ULFR QmR XWLOL]DGR QD VROXomR VmR XPD PHGLGD GR
JUDX GH FDUJD GDTXHOD FpOXOD
4XDQWR PDLV EDL[D IRU D WHPSHUDWXUD UHTXHULGD SDUD
RSHUDU D EDWHULD PDLRU D QHFHVVLGDGH GH PDQWHU D
FRQGLomR GH FDUJD FRPSOHWD 3RU H[HPSOR XPD ED
WHULD FRP XP SHVR HVSHFt¿FR EDL[R GH  D  ƒ&
 ƒ) IXQFLRQD R PRWRU GH SDUWLGD HP XP DPELHQWH
GH WHPSHUDWXUDV TXHQWHV PDV SRGH QmR FRQVHJXLU HP
WHPSHUDWXUDV EDL[DV SRU FDXVD GD H¿FLrQFLD LQIHULRU GD
EDWHULD
$ WDEHOD  PRVWUD R HIHLWR GD WHPSHUDWXUD QD H¿FLrQFLD
GH XPD EDWHULD WtSLFD
3RGHVH FRQVHJXLU XPD YLGD Pi[LPD SDUD D EDWHULD SRU
PHLR GH FXLGDGRV FRUUHWRV H LQVSHo}HV SHULyGLFDV e
LPSRUWDQWH TXH D FDSDFLGDGH GH VDtGD QmR VHMD H[FH
GLGD SRU VREUHFDUJDV FRQVWDQWHV H TXH RV UHTXLVLWRV
GH FDUUHJDPHQWR VHMDP PDQWLGRV
7DEHOD  FRQVXOWH %DWHULD  (VSHFL¿FDo}HV JHUDLV
 

$ 
 >@  
6LVWHPDV HOpWULFRV  %DWHULD

0DQXWHQomR GD EDWHULD
 $R ID]HU D PDQXWHQomR GD EDWHULD REVHUYH RV VHJXLQ
WHV SDVVRV
 0DQWHQKD R HOHWUyOLWR QR QtYHO UHFRPHQGDGR GH
 PP  LQ DFLPD GDV SODFDV 6H LVVR QmR IRU
REVHUYDGR R iFLGR DWLQJLUi XPD FRQFHQWUDomR DOWD TXH
GDQL¿FDUi RV VHSDUDGRUHV H SUHMXGLFDUi R GHVHPSHQKR
GDV SODFDV
 8WLOL]H DSHQDV iJXD GHVWLODGD RX GHVPLQHUDOL]DGD
QmR HQFKD GHPDLV H QXQFD XVH iJXD GH WRUQHLUD RX GH
UHVHUYDWyULRV SOXYLDLV RX GH QHQKXPD RXWUD IRQWH
 6HPSUH PDQWHQKD D EDWHULD FRP SHOR PHQRV 
GH FDUJD RX DV SODFDV ¿FDUmR VXOIDWDGDV H D SHUGD GH
H¿FLrQFLD UHVXOWDUi HP SRVVtYHLV GDQRV SRU FDXVD GR
FRQJHODPHQWR HP WHPSHUDWXUDV EDL[DV
 (YLWH VREUHFDUUHJDU D EDWHULD SRLV D FDUJD HP H[
FHVVR FULDUi XP FDORU LQWHUQR DOWR TXH FDXVDUi D GHWH
ULRUDomR GD PDOKD GD SODFD H D SHUGD GH iJXD
 'XUDQWH R FDUUHJDPHQWR UiSLGR D WHPSHUDWXUD GD
EDWHULD QmR GHYH H[FHGHU  ƒ&
 1mR DGLFLRQH iFLGR VXOI~ULFR D PHQRV TXH WHQKD KD
YLGR SHUGD GH HOHWUyOLWR SRU GHUUDPDPHQWR $QWHV GH
UHDEDVWHFHU YHUL¿TXH VH D VROXomR HVWi QR SHVR HVSH
Ft¿FR FRUUHWR 2 FDUUHJDPHQWR OHQWR p R ~QLFR PpWRGR
DGHTXDGR SDUD FDUUHJDU XPD EDWHULD 8P FDUUHJDGRU
GH DOWD YHORFLGDGH SRGH VHU XVDGR SDUD DXPHQWDU UD
SLGDPHQWH D FDSDFLGDGH GD EDWHULD PDV HVVH SURFH
GLPHQWR GHYH VHU DFRPSDQKDGR GH XP FDUUHJDPHQWR
OHQWR SRVWHULRU SDUD D EDWHULD FKHJDU j FDUJD FRPSOHWD

&8,'$'2
$V EDWHULDV FRQWrP iFLGR VXOI~ULFR H GXUDQWH R FDUUH
JDPHQWR JHUDP XPD PLVWXUD DOWDPHQWH H[SORVLYD GRV
JDVHV KLGURJrQLR H R[LJrQLR 1XQFD XVH HTXLSDPHQ
WRV TXH JHUDP FKDPDV RX IDtVFDV D ¿P GH FRQWURODU R
QtYHO GR HOHWUyOLWR 1mR UHPRYD RV EXM}HV GD WDPSD GD
EDWHULD VHP XVDU SURWHomR QRV ROKRV H PmRV
%

%DWHULDV FRP FDUJD VHFD


 $V EDWHULDV FRP FDUJD VHFD GHYHP VHU SUHSDUDGDV
SDUD R VHUYLoR GD VHJXLQWH IRUPD
 5HWLUH RV SOXJXHV GD YHQWLODomR GDV FpOXODV GD ED
WHULD
 3UHHQFKD FDGD FpOXOD FRP HOHWUyOLWR GH SHVR HVSH
Ft¿FR GH  DWp R QtYHO UHFRPHQGDGR
 $SyV R HQFKLPHQWR GHL[H D EDWHULD HP UHSRXVR SRU
 PLQXWHV H YHUL¿TXH R QtYHO GH HOHWUyOLWR FRPSOHWH
VH QHFHVViULR
 &DUUHJXH D EDWHULD SRU  KRXUV D XP YDORU GH 
±  DPSHUHV H YHUL¿TXH VH DV FpOXODV VH JDVHL¿FDP
OLYUHPHQWH
 ,QVWDOH RV SOXJXHV GD YHQWLODomR GDV FpOXODV GD ED
WHULD
127$ 2 HOHWUyOLWR GHYH VHU iFLGR VXOI~ULFR GLOXtGR D XPD
WHPSHUDWXUD GH ƒ  ƒ& ƒ  ƒ) GH SUHIHUrQFLD

$ 
 >@  
6LVWHPDV HOpWULFRV  %DWHULD

&DUUHJDPHQWR GD EDWHULD
 $QWHV GH FDUUHJDU D EDWHULD
 /LPSH D FDL[D GD EDWHULD H DV WDPSDV GDV FpOXODV
FRPSOHWDPHQWH FRP DP{QLD GLOXtGD RX iJXD TXHQWH H
OLPSH RV WHUPLQDLV
 9HUL¿TXH R QtYHO GH HOHWUyOLWR HP FDGD FpOXOD H VH
HVWLYHU DEDL[R GDV SODFDV DGLFLRQH iJXD GHVWLODGD SDUD
FKHJDU DR QtYHO GD SODFD

&DUUHJDPHQWR QRUPDO FRPSOHWDU


  8VH XP FDUUHJDGRU OHQWR D XP YDORU GH  ±
 DPSHUHV SHOR WHPSR QHFHVViULR SDUD FRPSOHWDU D
FDUJD GD EDWHULD ,VVR SRGH OHYDU  KRXUV RX PDLV
VH D EDWHULD HVWLYHU PXLWR GHVFDUUHJDGD 8PD EDWHULD
DOWDPHQWH VXOIDWDGD SRGH QmR DFHLWDU R FDUUHJDPHQWR
4XDQGR D EDWHULD HVWi FRPSOHWDPHQWH FDUUHJDGD
DV FpOXODV JDVHL¿FDP OLYUHPHQWH H R SHVR HVSHFt¿FR
SHUPDQHFH FRQVWDQWH 5HPRYD R FDUUHJDGRU DSyV
WUrV OHLWXUDV FRQVHFXWLYDV GR KLGU{PHWUR WRPDGDV
HP LQWHUYDORV GH XPD KRUD LQGLFDQGR TXH R SHVR
HVSHFt¿FR SDURX GH VXELU
 4XDQGR XWLOL]DU XPD YHORFLGDGH GH FDUUHJDPHQWR
DOWD RX UiSLGD VLJD FXLGDGRVDPHQWH DV LQVWUXo}HV GR
IDEULFDQWH 2 FDUUHJDPHQWR GH DOWD YHORFLGDGH DX
PHQWD D WHPSHUDWXUD GR HOHWUyOLWR H D PHQRV TXH R
FDUUHJDGRU VHMD HTXLSDGR FRP GLVSRVLWLYR DXWRPiWLFR
GH WHPSHUDWXUD RX WHPSR D WHPSHUDWXUD GR HOHWUyOLWR
SRGH H[FHGHU  ƒ&  R TXH SRGH FDXVDU XPD JDVHL¿
FDomR YLROHQWD H GDQRV DRV FRPSRQHQWHV LQWHUQRV
 9HUL¿TXH QRYDPHQWH R QtYHO GH HOHWUyOLWR HP FDGD
FpOXOD H DGLFLRQH iJXD GHVWLODGD VH QHFHVViULR

&8,'$'2
4XDQGR XPD EDWHULD HVWi VHQGR FDUUHJDGD SRGH SUR
GX]LU XPD JiV H[SORVLYR 1mR IXPH QHP XVH XPD
FKDPD H[SRVWD TXDQGR HVWLYHU FKHFDQGR R QtYHO GR
HOHWUyOLWR H DVVHJXUHVH TXH R FDUUHJDGRU HVWHMD GHV
OLJDGR DQWHV GH FRQHFWDU RX GHVFRQHFWDU SDUD HYLWDU
IDJXOKDV TXH SRGHP LQFHQGLDU R JiV
%

$ 
 >@  
6LVWHPDV HOpWULFRV  %DWHULD

5HFDUJD GH EDWHULDV PXLWR GHVFDUUHJDGDV


 2 PpWRGR UHFRPHQGDGR SDUD UHFDUUHJDU XPD EDWHULD
GH EDL[D PDQXWHQomR p XVDU XP FDUUHJDGRU GH WHQ
VmR FRQVWDQWH 3DUD EDWHULDV DOWDPHQWH GHVFDUUHJD
GDV UHFRPHQGDVH XP SHUtRGR GH FDUJD GH  KRUDV
D  YROWV  FRP OLPLWDomR GH FRUUHQWH  $ SDUD ED
WHULDV  $K 
2 VLVWHPD p DXWRUUHJXOiYHO FRUUHQWH DOWD p IRUQH
FLGD QR FRPHoR TXDQGR D WHQVmR GD EDWHULD HVWi
EDL[D  FRUUHQWHV FDGD YH] PDLV EDL[DV VmR DEVRUYLGDV
TXDQGR D EDWHULD DWLQJH D FDUJD FRPSOHWD H D WHQVmR
p DOWD 
6H DSHQDV FDUUHJDGRUHV GH FRUUHQWH FRQVWDQWH HVWL
YHUHP GLVSRQtYHLV UHFRPHQGDVH R XVR GH QtYHLV GH
FRUUHQWH H WHPSRV PRVWUDGRV QD 7DEHOD  DEDL[R 2V
YDORUHV VH UHIHUHP D EDWHULDV DOWDPHQWH GHVFDUUHJD
GDV 6H D EDWHULD HVWi GHVFDUUHJDGD DSHQDV  XVH
D PHWDGH GR WHPSR OLVWDGR SURJUDPDV GH FDUJD OHQWD 
3DUD RXWURV HVWDGRV GH GHVFDUUHJDPHQWR GLPLQXD R
WHPSR GH FDUJD SURSRUFLRQDOPHQWH 6HPSUH TXH SRV
VtYHO XVH R SURJUDPD GH FDUJD PDLV OHQWR SDUD HVWHQ
GHU D YLGD GD EDWHULD
6H DR FDUUHJDU D EDWHULD RFRUUHU JDVHL¿FDomR RX H[SXO
VmR YLROHQWDV GH HOHWUyOLWR RX D FDL[D GD EDWHULD HVWLYHU
TXHQWH  ƒ& RX PDLV  GLPLQXD RX LQWHUURPSD WHPSR
UDULDPHQWH R FDUUHJDPHQWR SDUD HYLWDU GDQRV j EDWHULD
7DEHOD  FRQVXOWH %DWHULD  (VSHFL¿FDo}HV JHUDLV
 

7HVWHV
 $QWHV GH FRPHoDU RV WHVWHV GH EDWHULDV YHUL¿TXH D
EDWHULD SDUD YHU VH Ki YHQWLODomR HQWXSLGD FRUURVmR
SOXJXHV GH YHQWLODomR HOHYDGRV RX FDL[D ¿VVXUDGD
(TXLSDPHQWR GH WHVWH UHTXHULGR
 +LGU{PHWUR
 7HVWDGRU GH SDUWLGD GH EDWHULD WHVWDGRU GH GHVFDUJD
GH DOWD YHORFLGDGH
 7HUP{PHWUR
 &DUUHJDGRU GH EDWHULD

$ 
 >@  
6LVWHPDV HOpWULFRV  %DWHULD

3HVR HVSHFt¿FR
 (VWH WHVWH GHWHUPLQDUi R HVWDGR GD FDUJD GD EDWHULD
 )DoD D OHLWXUD FRP D ERLD QD SRVLomR YHUWLFDO
 $MXVWH D OHLWXUD GR KLGU{PHWUR GH DFRUGR FRP DV
YDULDo}HV GD WHPSHUDWXUD VXEWUDLQGR  SRQWRV 
GH SHVR HVSHFt¿FR GH FDGD  ƒ&  ƒ) DEDL[R GD
WHPSHUDWXUD QD TXDO R KLGU{PHWUR p FDOLEUDGD H DGLFLR
QDQGR  SRQWRV  GH SHVR HVSHFt¿FR SDUD FDGD
 ƒ&  ƒ) DFLPD GHVWD WHPSHUDWXUD
2V VHJXLQWHV H[HPSORV IRUDP FDOFXODGRV XVDQGR XP
KLGU{PHWUR FDOLEUDGR D  ƒ&  ƒ) 
([HPSOR 
7HPSHUDWXUD DEDL[R GH  ƒ&  ƒ)
7HPSHUDWXUD GR HOHWUyOLWR GH  ƒ&  ƒ)
/HLWXUD GR KLGU{PHWUR GH 
6XEWUDLD  [  
3HVR HVSHFt¿FR FRUULJLGR 
([HPSOR 
7HPSHUDWXUD DFLPD GH  ƒ&  ƒ)
7HPSHUDWXUD GR HOHWUyOLWR GH  ƒ&  ƒ)
/HLWXUD GR KLGU{PHWUR GH 
6XEWUDLD  [  
3HVR HVSHFt¿FR FRUULJLGR 
 6H R SHVR HVSHFt¿FR IRU  RX PDLV D EDWHULD
HVWi FRP FDUJD WRWDO H HP ERDV FRQGLo}HV RSHUDFLR
QDLV
 6H R SHVR HVSHFt¿FR FRUULJLGR IRU PHQRU TXH 
FDUUHJXH D EDWHULD H H[DPLQH R VLVWHPD GH FDUUHJD
PHQWR SDUD GHWHUPLQDU D FDXVD GD FDUJD EDL[D QD ED
WHULD
6H D EDWHULD WLYHU VLGR FDUUHJDGD HP FRQGLo}HV HVWiWL
FDV R HOHWUyOLWR PDLV GHQVR VH DFXPXODUi QR IXQGR GDV
FpOXODV $ EDWHULD GHYH VHU VDFXGLGD SHULRGLFDPHQWH
SDUD PLVWXUDU R HOHWUyOLWR HVVH SURFHGLPHQWR PHOKRUD
D YHORFLGDGH GH FDUJD H SURSRUFLRQD XPD OHLWXUD PDLV
SUHFLVD QR KLGU{PHWUR GXUDQWH R WHVWH
&RQVXOWH %DWHULD  (VSHFL¿FDo}HV JHUDLV  
127$ 2 SHVR HVSHFt¿FR QmR GHYH YDULDU PDLV GR TXH
 SRQWRV HQWUH DV FpOXODV
127$ $ EDWHULD GHYHUi VHU FDUUHJDGD SRU XP SHUtRGR
FXUWR VH KRXYH DGLomR GH iJXD GHVWLODGD UHFHQWHPHQWH
FDVR FRQWUiULR R KLGU{PHWUR QmR SURGX]LUi OHLWXUDV SUHFL
VDV

$ 
 >@  
6LVWHPDV HOpWULFRV  %DWHULD

7HVWH GH GHVHPSHQKR
 2 WHVWH GH GHVHPSHQKR p GHWHUPLQDU VH D EDWHULD WHP
FDSDFLGDGH DGHTXDGD SDUD JLUDU R PRWRU $ OHLWXUD GH
WHQVmR REWLGD p XWLOL]DGD SDUD GHWHUPLQDU D FRQGLomR
GD EDWHULD $QWHV GH WHVWDU YHUL¿TXH VH R QtYHO GH
HOHWUyOLWR HVWi FRUUHWR H D WHQVmR GR FLUFXLWR DEHUWR p GH
 9 RX PDLV $ EDWHULD SRGH VHU WHVWDGD QR WUDWRU RX
IRUD GHOH
 &RORTXH D FKDYH GH FRQWUROH GH FRUUHQWH GR WHVWDGRU
GH SDUWLGD WHVWDGRU GH GHVFDUJD GH DOWD YHORFLGDGH QD
SRVLomR RII ± GHVOLJDGD ± H D FKDYH VHOHWRUD GH WHQVmR
LJXDO j WHQVmR QRPLQDO GD EDWHULD RX XP SRXFR PDLRU
&RQHFWH RV FDERV SRVLWLYRV GR WHVWDGRU DR WHUPLQDO SR
VLWLYR GD EDWHULD H RV FDERV QHJDWLYRV DR WHUPLQDO QH
JDWLYR GD EDWHULD
 *LUH R ERWmR GH FRQWUROH GD FRUUHQWH DWp TXH D OHLWXUD
GR DPSHUtPHWUR VHMD D PHWDGH GD FODVVL¿FDomR &&$
GD EDWHULD H OHLD D WHQVmR
 6H D OHLWXUD IRU  YROWV RX PDLV DSyV  VHFRQGV
D EDWHULD WHP XPD FDSDFLGDGH GH VDtGD DFHLWiYHO TXH
DFHLWDUi SURQWDPHQWH D FDUJD QRUPDO
 6H D OHLWXUD IRU DEDL[R GH  YROWV D EDWHULD p FRQVL
GHUDGD LQVDWLVIDWyULD SDUD R VHUYLoR H GHYH VHU VXEPH
WLGD D XPD FDUJD GH WHVWH FRPR GHVFULWR DEDL[R

$7(1d­2
1mR GHL[H D DOWD FDUJD GH GHVFDUJD QD EDWHULD SRU SH
UtRGRV PDLRUHV GR TXH  VHJXQGRV
%

$ 
 >@  
6LVWHPDV HOpWULFRV  %DWHULD

&DUJD GH WHVWH
 (VWH WHVWH IRL FRQFHELGR DSHQDV SDUD EDWHULDV TXH ID
OKDUDP QR WHVWH GH FDSDFLGDGH DQWHULRU
 &RQHFWH RV FDERV SRVLWLYRV GR WHVWDGRU GH SDUWLGD
GH EDWHULD WHVWDGRU GH GHVFDUJD GH DOWD YHORFLGDGH
DR WHUPLQDO SRVLWLYR GD EDWHULD H RV FDERV QHJDWLYRV
DR WHUPLQDO QHJDWLYR GD EDWHULD
 &RQHFWH R FDER SRVLWLYR GR FDUUHJDGRU GH EDWHULD
DR WHUPLQDO SRVLWLYR GD EDWHULD H R FDER QHJDWLYR DR
WHUPLQDO QHJDWLYR GD EDWHULD
 *LUH R UHOyJLR GR WHVWDGRU SDUD DOpP GH C  PLQXWHV
GH LQGLFDomR GH FDUJD H GH YROWD SDUD D PDUFD GH C
 PLQXWHV 
 'H¿QD D WD[D GH FDUUHJDPHQWR R PDLV SUy[LPR
SRVVtYHO GH  DPSHUHV
 $SyV  PLQXWHV QHVWH FDUUHJDPHQWR UiSLGR WRPH
D OHLWXUD GR YROWtPHWUR
 6H D WHQVmR WRWDO IRU VXSHULRU D  YROWV D EDWHULD
p LQVDWLVIDWyULD H HVWi SURYDOHPHQWH VXOIDWDGD RX GHV
JDVWDGD H GHYH VHU WURFDGD
 6H D WHQVmR WRWDO IRU LQIHULRU D  YROWV WHVWH R
SHVR HVSHFt¿FR GH FDGD FpOXOD H UHFDUUHJXH D EDWHULD
FRQIRUPH D HVFDOD VHJXLQWH
&RQVXOWH %DWHULD  (VSHFL¿FDo}HV JHUDLV  
127$ 8PD EDWHULD OHYHPHQWH VXOIDWDGD SRGH VHU UHFXSH
UDGD XVDQGR XP FDUUHJDGRU GR WLSR EDWHULDV P~OWLSODV FRP
XP OLPLWH GH WHQVmR VXSHULRU GH FLUFXLWR DEHUWR GH  YROWV
3RU FDXVD GD DOWD UHVLVWrQFLD GH XPD EDWHULD VXOIDWDGD HOD
H[LJLUi XP SDUkPHWUR GH DOWD WHQVmR SDUD VXSHUDU D UH
VLVWrQFLD GD VXOIDWDomR LQLFLDOPHQWH SRGH QmR KDYHU XPD
DFHLWDomR SHUFHSWtYHO GD FDUJD $SyV DOJXQV PLQXWRV GH
LQDWLYLGDGH XPD FDUJD SHTXHQD ¿FDUi DSDUHQWH VHJXLGD
GH XP DXPHQWR UiSLGR QD YHORFLGDGH GH FDUUHJDPHQWR
$ WD[D GH FDUUHJDPHQWR QmR GHYH H[FHGHU  DPSHUHV
QHP D WHPSHUDWXUD GR HOHWUyOLWR GH  ƒ& 4XDQGR D WD[D
GH DPSHUHV VH HVWDELOL]DU UHLQLFLH RV YROWV DWp TXH D WD[D
GH FDUUHJDPHQWR ¿TXH FRQVWDQWH D  DPSHUHV &RQWLQXH
QHVWD WD[D DWp TXH R SHVR HVSHFt¿FR GR HOHWUyOLWR SDUH
GH DXPHQWDU D DSUR[LPDGDPHQWH ± D  ƒ&
 ƒ)  LVVR SRGH GHPRUDU DWp  KRXUV GH FDUUHJDPHQWR
'HL[H D EDWHULD HP UHSRXVR SRU  KRXUV H GHSRLV IDoD R
WHVWH GH FDSDFLGDGH FRQIRUPH D GHVFULomR DQWHULRU
127$ 6H KRXYHU SUREOHPDV QD EDWHULD D WUDomR GD FRU
UHLD GH WUDQVPLVVmR GR DOWHUQDGRU H R VLVWHPD GH FDUUHJD
PHQWR FRPSOHWR GHYHP VHU YHUL¿FDGRV

$ 
 >@  
6LVWHPDV HOpWULFRV  %DWHULD

&DXVDV FRPXQV GH GHIHLWRV QD EDWHULD


  &LUFXLWR DEHUWR LQWHUQR
 &XUWR FLUFXLWR LQWHUQR
 3HUGD GH HOHWUyOLWR
 6HSDUDomR GH PDWHULDLV DWLYRV GDV PDOKDV
 $FXPXODomR GH FULVWDLV GH VXOIDWR H[FHVVLYD TXH
QmR VH GLVSHUVD
(P JHUDO HVVHV GHIHLWRV VmR UHVXOWDGR GR VHJXLQWH
 )DOKD GRV FRPSRQHQWHV LQWHUFpOXODV
 $FXPXODomR H[FHVVLYD GH FULVWDLV TXH SRGHP SHU
IXUDU RV VHSDUDGRUHV H FDXVDU FXUWRV FLUFXLWRV
 6REUHFDUUHJDPHQWR GHIHLWR QR VLVWHPD GH FDUUH
JDPHQWR WpFQLFDV GH UHFXSHUDomRFDUUHJDPHQWR VX
SOHPHQWDU  ERRVW FRP DOWDV WHQV}HV RSHUDomR HP
DOWDV WHPSHUDWXUDV 
 &RQJHODPHQWR GR HOHWUyOLWR
8PD EDWHULD FRP FDUJD WRWDO QmR VH FRQJHOD DWp
 ƒ& 8PD EDWHULD FRP FDUJD GH  FRQJHODVH
HQWUH  ±  ƒ& 2 HOHWUyOLWR WRWDOPHQWH GHVFDUUH
JDGR FRQJHODVH D   ±  ƒ&
*DVHL¿FDomR H FDUUHJDPHQWR VXSOHPHQWDU H[FHVVL
YDPHQWH DOWRV WDPEpP FDXVDP D VHSDUDomR GRV PD
WHULDLV DWLYRV GDV PDOKDV $ VHSDUDomR GHVWUyL D IXQ
omR TXtPLFD GD EDWHULD
 $ DFXPXODomR GH FULVWDLV RFRUUH VHPSUH TXH DV
EDWHULDV VmR GHL[DGDV GHVFDUUHJDGDV $OWDV WHPSH
UDWXUDV H ORQJRV SHUtRGRV GHVFDUJDGDV LQWHQVL¿FDP
HVVD FRQGLomR 1D WHPSHUDWXUD DPELHQWH DSyV XPD
VHPDQD p LPSURYiYHO TXH D EDWHULD VH UHFXSHUH QR
YHtFXOR $ UHFDUJD H[LJLUi XPD WHQVmR FRQVWDQWH PDLV
DOWD $SyV  VHPDQDV D EDWHULD WHUi VRIULGR GHJUDGD
omR SHUPDQHQWH H R SURFHGLPHQWR H[SOLFDGR DQWHULRU
PHQWH SDUD D EDWHULD DOWDPHQWH GHVFDUUHJDGD GHYHUi
VHU DSOLFDGR
 4XDQGR WRWDOPHQWH FDUUHJDGD DV EDWHULDV WrP
JUDQGH GXUDELOLGDGH QD SUDWHOHLUD $ EDWHULD GR WLSR
FiOFLRFKXPER VH DXWRGHVFDUUHJD D  SRU PrV ,VVR
VLJQL¿FD TXH VmR QHFHVViULRV  PHVHV SDUD D EDWH
ULD FKHJDU D  GH FDUJD 1R WUDWRU D FDUJD LQHUWH
p GH FHUFD GH  P$ 3DUD SUHYHU R HVJRWDPHQWR HP
XP YHtFXOR HVWiWLFR LVVR GHYH VHU DGLFLRQDGR FRPR
DSUR[LPDGDPHQWH  $K SRU VHPDQD
9DOH D SHQD HQIDWL]DU TXH QD SDUWLGD VH D EDWHULD FR
PHoD D HQIUDTXHFHU p PHOKRU SDUDU H GHL[DU D EDWHULD
VH UHFXSHUDU SRU GRLV PLQXWRV 2 WHPSR GH UHFXSHUD
omR GHYH VHU DXPHQWDGR j PHGLGD TXH D WHPSHUDWXUD
GLPLQXL
(P XPD FRQ¿JXUDomR GH EDWHULD GXSOD QmR VH GHYH
XVDU XPD EDWHULD DQWLJD FRP XPD QRYD 8PD EDWHULD
VHPSUH IDOKDUi SULPHLUR 6H XPD EDWHULD VHUYLX D GX
UDomR HVSHUDGD WURTXH DPEDV DV EDWHULDV 6H XPD
IDOKRX DQWHV RX VHMD SRU GHIHLWR GH IDEULFDomR QHVWH
FDVR SRGHVH WURFDU DSHQDV XPD

$ 
 >@  
6LVWHPDV HOpWULFRV  %DWHULD

%DWHULD  6XEVWLWXLU
7 /$
7 /$
7 /$
7 &RP FDELQH [ 7,(5  >+&&=&(&:  @ /$

&8,'$'2
2 JiV GD EDWHULD SRGH H[SORGLU
3DUD HYLWDU H[SORVmR  6HPSUH GHVFRQHFWH R FDER QHJDWLYR  GD EDWHULD SULPHLUR  6HPSUH FR
QHFWH R FDER QHJDWLYR  GD EDWHULD SRU ~OWLPR  1mR FULH XP FXUWRFLUFXLWR QRV ERUQHV GD EDWHULD
FRP REMHWRV GH PHWDO  1mR VROGH HVPHULOKH QHP IXPH SHUWR GH XPD EDWHULD
2 GHVFXPSULPHQWR SRGH UHVXOWDU HP PRUWH RX IHULPHQWRV JUDYHV
:$

$7(1d­2
3HoDV SHVDGDV
$V EDWHULDV GDV PiTXLQDV VmR H[WUHPDPHQWH SHVDGDV *DUDQWD TXH D EDWHULD WHQKD XP ¿UPH VXSRUWH
GXUDQWH R SURFHVVR GH UHPRomR
$ QmR REVHUYkQFLD GHVVHV SURFHGLPHQWRV SRGHUi UHVXOWDU HP OHV}HV OHYHV RX PRGHUDGDV
&$

 *LUH R PDQtSXOR  QR VHQWLGR DQWLKRUiULR H UHPRYD D


WDPSD  

%5$*75/8( 

 'HVFRQHFWH R FDER QHJDWLYR  H SRVLFLRQHR DR ODGR


 'HVFRQHFWH R FDER SRVLWLYR  H SRVLFLRQHR DR ODGR
 5HPRYD DV SRUFDV  
 5HPRYD D FKDSD GH ¿[DomR  
 5HPRYD D EDWHULD GR VXSRUWH
 3DUD UHLQVWDODU D EDWHULD VLJD D RUGHP LQYHUVD GD UH
PRomR &HUWL¿TXHVH GH TXH RV FDERV GD EDWHULD HVWH
MDP SRVLFLRQDGRV GH IRUPD TXH QmR ¿TXHP SUHVRV RX
IULFFLRQDQGR QDV ERUGDV FRUWDQWHV

%5$*75$// 

$ 
 >@  
ËQGLFH

6LVWHPDV HOpWULFRV  

%DWHULD  
%DWHULD  &RQH[mR                                                                       
%DWHULD  'HVFRQH[mR                                                                   
%DWHULD  'HVFULomR HVWiWLFD                                                              
%DWHULD  (VSHFL¿FDo}HV JHUDLV                                                           
%DWHULD  ,QVWDODU                                                                        
%DWHULD  5HPRomR                                                                      
%DWHULD  6XEVWLWXLU  
%DWHULD  7HVWH HOpWULFR                                                                   

&RQVXOWH R FRQWH~GR SDUD REWHU RV PRGHORV HVSHFt¿FRV

$ 
 >@  
6LVWHPDV HOpWULFRV  

0yGXORV HOHWU{QLFRV  

7 &RP FDELQH [ 7,(5  >+&&=&(&:  @


7 &RP FDELQH [ 7,(5  >+&&=&(&:  @
7 &RP FDELQH [ 7,(5  >+&&=&(&:  @
7 &RP FDELQH [ 7,(5  >+&&=&(&:  @

$ 
 >@  
&RQWH~GR

6LVWHPDV HOpWULFRV  

0yGXORV HOHWU{QLFRV  

'$'26 7e&1,&26

0yGXOR HOHWU{QLFR
&RQ¿JXUDU 3DLQHO GH LQVWUXPHQWRV                                                             
&RQ¿JXUDU -$  7HFODGR DSULPRUDGR                                                          
&RQ¿JXUDU .$  &RQWUROH GH GLUHomR                                                          
&RQ¿JXUDU 8QLGDGH GH FRQWUROH FHQWUDO &&8 PyGXOR 5% WUDQVPLVVmR 6HPL 3RZHUVKLIW &RQWUROH HOH
WU{QLFR GH HVIRUoR 7'3 WUDVHLUD WUDomR URGD GLDQWHLUD EORTXHLR GR GLIHUHQFLDO PRWRU              

'$'26 )81&,21$,6

0yGXORV HOHWU{QLFRV
0yGXOR HOHWU{QLFR  'HVFULomR HVWiWLFD                                                       
'HVFULomR HVWiWLFD                                                                         
0yGXOR HOHWU{QLFR
8QLGDGH GH FRQWUROH GH LQVWUXPHQWRV  'LDJUDPD HOHWU{QLFR 3DLQHO GH LQVWUXPHQWRV EiVLFRV        
8QLGDGH GH FRQWUROH GH LQVWUXPHQWRV  'LDJUDPD HOHWU{QLFR 3DLQHO GH LQVWUXPHQWRV PHOKRUDGR      
8QLGDGH GH &RQWUROH &HQWUDO &&8  'LDJUDPD HOHWU{QLFR 7UDQVPLVVmR FRQWUROH HOHWU{QLFR GH WUDomR
7'3 WUDVHLUD WUDomR QDV TXDWUR URGDV EORTXHLR GR GLIHUHQFLDO                                  
&RQWURODGRU GH LQWHUIDFH LVREXV 7(&8  'LDJUDPD HOHWU{QLFR %86 ,62 7(&8                  

6(59,d2

0yGXOR HOHWU{QLFR
8QLGDGH GH &RQWUROH &HQWUDO &&8  &DOLEUDU                                                 
8QLGDGH GH &RQWUROH &HQWUDO &&8  +  3URFHGLPHQWRV GH FDOLEUDomR                         
8QLGDGH GH &RQWUROH &HQWUDO &&8  +  ([LELU RV YDORUHV GH FDOLEUDomR DUPD]HQDGRV           
8QLGDGH GH &RQWUROH &HQWUDO &&8  +  &RQ¿JXUDo}HV H RSo}HV                              
8QLGDGH GH &RQWUROH &HQWUDO &&8  +  ([LELU R QtYHO GH UHYLVmR GH VRIWZDUH                   
8QLGDGH GH &RQWUROH &HQWUDO &&8  +  7HVWH GH RSHUDomR GR LQWHUUXSWRU                      
8QLGDGH GH &RQWUROH &HQWUDO &&8  +  ([LELomR GH LQIRUPDo}HV GR YHtFXOR                    
8QLGDGH GH &RQWUROH &HQWUDO &&8  +  0RGRV GH WHVWH GR YHtFXOR                            
8QLGDGH GH &RQWUROH &HQWUDO &&8  +  /LPSDU LQIRUPDo}HV DUPD]HQDGDV VREUH FDOLEUDomR ((3520
                                                                                        
8QLGDGH GH &RQWUROH &HQWUDO &&8  +  'LDJQyVWLFR GR YROWtPHWUR                             
8QLGDGH GH &RQWUROH &HQWUDO &&8  +$  0RGR GH GHPRQVWUDomR                              
8QLGDGH GH &RQWUROH &HQWUDO &&8  +%  ([LELU FyGLJRV GH IDOKD DUPD]HQDGRV                  

$ 
 >@  
8QLGDGH GH &RQWUROH &HQWUDO &&8  +&  /LPSDU WRGRV RV FyGLJRV GH IDOKD DUPD]HQDGRV         
8QLGDGH GH &RQWUROH &HQWUDO &&8  +(  ([LELU HQWUDGDV GH IUHTXrQFLD                         
8QLGDGH GH &RQWUROH &HQWUDO &&8  +)  ([LELU LQIRUPDo}HV VREUH R KDUGZDUH GR FRQWURODGRU     
8QLGDGH GH &RQWUROH &HQWUDO &&8  +-  3URJUDPDomR GR Q~PHUR GH YiOYXOD GH FRQWUROH UHPRWR KLGUiX
OLFR HOHWU{QLFR                                                                             
8QLGDGH GH FRQWUROH GH LQVWUXPHQWRV  +  &RQ¿JXUDo}HV H RSo}HV                             
8QLGDGH GH FRQWUROH GH LQVWUXPHQWRV  +  ([LELU R QtYHO GH UHYLVmR GH VRIWZDUH                  
8QLGDGH GH FRQWUROH GH LQVWUXPHQWRV  +  7HVWH GH RSHUDomR GR LQWHUUXSWRU                     
8QLGDGH GH FRQWUROH GH LQVWUXPHQWRV  +  'LDJQyVWLFR GR YROWtPHWUR                            
8QLGDGH GH FRQWUROH GH LQVWUXPHQWRV  +%  ([LELU FyGLJRV GH IDOKD DUPD]HQDGRV                 
8QLGDGH GH FRQWUROH GH LQVWUXPHQWRV  +&  /LPSDU WRGRV RV FyGLJRV GH IDOKD DUPD]HQDGRV        
8QLGDGH GH FRQWUROH GH LQVWUXPHQWRV  +)  ([LELU LQIRUPDo}HV VREUH R KDUGZDUH GR FRQWURODGRU    

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

0yGXOR HOHWU{QLFR  &RQ¿JXUDU 3DLQHO GH LQVWUXPHQWRV


3DLQHO GH LQVWUXPHQWRV GLJLWDO DQDOyJLFR $',&
+)  $',& DSULPRUDGR
+*  $',& EiVLFR
127$ +) $',& DSULPRUDGR p PRVWUDGR QD WHOD H[LELGD

++ 0HQX GH VHUYLoR 1~PHUR GD ¿JXUD


+ 1mR XWLOL]DGR 
+ 1mR XWLOL]DGR 
+ &RQ¿JXUDWLRQV &RQ¿JXUDo}HV 
+ ([LELU R QtYHO GH UHYLVmR GR VRIWZDUH 
+ 7HVWH GH RSHUDomR GR LQWHUUXSWRU 
+ 1mR XWLOL]DGR 
+ 1mR XWLOL]DGR 
+ $SDJDU PHPyULD VRPHQWH OHLWXUD SURJUDPiYHO HOHWULFDPHQWH 
DSDJiYHO ((3520
+ 9ROWtPHWUR 
+$ 1mR XWLOL]DGR 
+% ([LELU FyGLJRV GH IDOKD DUPD]HQDGRV 
+& /LPSDU WRGRV RV FyGLJRV GH IDOKD DUPD]HQDGRV 
+' 1mR XWLOL]DGR 
+( ([LELU HQWUDGDV GH IUHTXrQFLD 
+) ([LELU LQIRUPDo}HV VREUH R KDUGZDUH GR FRQWURODGRU 
++ 5HWRUQDU DR PHQX SULQFLSDO 

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

+  &21),*85$d®(6
(VWH PHQX H[LEH D FRQ¿JXUDo}HV GLVSRQtYHLV SDUD

'HVOLJDPHQWR GR PRWRU
5HGXomR GR FyGLJR GH IDOKD
6HOHomR GR PRWRU HOHWU{QLFR
,QWHOOLYLHZ
6HOHomR GR VHQVRU GH GLUHomR
6HOHomR GR IUHLR D DU

'LDJUDPD GH VHOHomR GD WHOD GR + 0HQX

%$,/&&0)9$ 

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

23d®(6 '( '(6/,*$0(172 '2 02725


6HOHFLRQH R VXEVLVWHPD GH GHVOLJDPHQWR GR PRWRU SUHVVLRQDQGR D WHFOD GH GLPLQXLomR

%$,/&&0$9$ 

127$ $ FRQ¿JXUDomR SDGUmR p 1R 1mR 

5ROH DWUDYpV GDV RSo}HV GLVSRQtYHLV XVDQGR DV WHFODV K RX P

&RQVXOWH D WDEHOD D VHJXLU FRP DV RSo}HV GH GHVOLJDPHQWR GR PRWRU GH LQMHomR GH FRPEXVWtYHO GH JDOHULD FRPXP

%$,/&&0$9$ 
0DQWHQKD SUHVVLRQDGD D WHFOD K RX P SDUD DUPD]HQDU D VHOHomR XP VLQDO VRQRUR VHUi HPLWLGR SDUD FRQ¿UPDU D
VHOHomR

3UHVVLRQH D WHFOD GH GLPLQXLomR SDUD FRQWLQXDU QDYHJDQGR SHORV PHQXV ++

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

2So}HV GH GHVOLJDPHQWR GR PRWRU GH LQMHomR GH FRPEXVWtYHO GH WULOKR FRPXP


2So}HV &21',d®(6 1(&(66È5,$6 &21',d®(6 '( 68%67,78,d­2
3$5$ '(6/,*$0(172 '2 02725 23d®(6 '( '(6/,*$0(172 '2
02725
7RGDV DV FRQGLo}HV GHYHP VHU
DWHQGLGDV
&RQGLo}HV GH RSHUDomR 2SHUDGRU 2SHUDGRU 9HtFXOR 9HtFXOR
SUHVHQWH DXVHQWH SDUDGR HP PRYL
PHQWR
2 PRWRU QmR VHUi GHVOLJDGR D PHQRV
6HP
TXH XPD IDOKD FUtWLFD GR PRWRU VHMD
1­2 GHVOLJDPHQWR    
GHWHFWDGD R TXH LUi LJQRUDU HVWD
GR PRWRU
RSomR H GHVOLJDU R PRWRU
3UHVVmR GR yOHR GR PRWRU  %DL[D
7HPSHUDWXUD GR OtTXLGR GH DUUHIHFLPHQWR
6HPSUH GR PRWRU  $OWD
<(6
GHVOLJXH R 7HPSHUDWXUD GR yOHR GR FRQMXQWR GH
6,0
PRWRU DFLRQDPHQWR  $OWD
3UHVVmR GR yOHR GR FRQMXQWR GH
DFLRQDPHQWR  %DL[D
3UHVVmR GR yOHR GR PRWRU  %DL[D
7HPSHUDWXUD GR OtTXLGR GH DUUHIHFLPHQWR
'HVOLJDPHQWR GR PRWRU  $OWD
<(6
GR PRWRU 7HPSHUDWXUD GR yOHR GR FRQMXQWR GH
6,0
HVWDFLRQiULR DFLRQDPHQWR  $OWD
3UHVVmR GR yOHR GR FRQMXQWR GH
DFLRQDPHQWR  %DL[D

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

2So}HV GH ,17(//,9,(:
6HOHFLRQH R VXEVLVWHPD ,QWHOOL9LHZ SUHVVLRQDQGR D WHFOD GH GLPLQXLomR

%$,/&&0$9$ 

127$ $ FRQ¿JXUDomR SDGUmR p 1mR VHP R ,QWHOOLYLHZ 

5ROH DWUDYpV GDV RSo}HV GLVSRQtYHLV XVDQGR DV WHFODV K RX P

%$,/&&0$9$ 
0DQWHQKD SUHVVLRQDGD D WHFOD K RX P SDUD DUPD]HQDU D VHOHomR XP VLQDO VRQRUR VHUi HPLWLGR SDUD FRQ¿UPDU D
VHOHomR

3UHVVLRQH D WHFOD GH GLPLQXLomR SDUD FRQWLQXDU QDYHJDQGR SHORV PHQXV ++


5ROH DWUDYpV GDV RSo}HV GLVSRQtYHLV XVDQGR DV WHFODV GH QDYHJDomR SDUD FLPD RX SDUD EDL[R

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

23d®(6 '( 5('8d­2 '2 &Ï',*2 '( )$/+$


6HOHFLRQH R VXEVLVWHPD GH UHGXomR GR FyGLJR GH IDOKD SUHVVLRQDQGR D WHFOD GH GLPLQXLomR

%$,/&&0$9$ 

5ROH DWUDYpV GDV RSo}HV GLVSRQtYHLV XVDQGR DV WHFODV K RX P

)iEULFD  PRGR GH HUUR GD IiEULFD H[LEH WRGRV RV FyGLJRV GH IDOKD SRU XP SHUtRGR GH  PLQXWRV H UHWRUQD j UHGXomR
GR FyGLJR GH IDOKD (&5 
(&5  PRGR GH UHGXomR GR FyGLJR GH IDOKD H[LEH VRPHQWH RV HUURV FUtWLFRV
$R YLYR  PRGR GH FyGLJR GH IDOKD DR YLYR H[LEH WRGRV RV FyGLJRV GH IDOKD

%$,/&&0$9$ 
0DQWHQKD SUHVVLRQDGD D WHFOD K RX P SDUD DUPD]HQDU D VHOHomR XP VLQDO VRQRUR VHUi HPLWLGR SDUD FRQ¿UPDU D
VHOHomR

3UHVVLRQH D WHFOD GH GLPLQXLomR SDUD FRQWLQXDU QDYHJDQGR SHORV PHQXV ++

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

23d®(6 '2 02725 (/(75Ð1,&2


6HOHFLRQH R VXEVLVWHPD HOHWU{QLFR GR PRWRU SUHVVLRQDQGR D WHFOD GH GLPLQXLomR

%$,/&&0$9$ 

127$ $ FRQ¿JXUDomR SDGUmR p <HV 6LP  FRP PRWRU HOHWU{QLFR

5ROH DWUDYpV GDV RSo}HV GLVSRQtYHLV XVDQGR DV WHFODV K RX P

%$,/&&0$9$ 
0DQWHQKD SUHVVLRQDGD D WHFOD K RX P SDUD DUPD]HQDU D VHOHomR XP VLQDO VRQRUR VHUi HPLWLGR SDUD FRQ¿UPDU D
VHOHomR

3UHVVLRQH D WHFOD GH GLPLQXLomR SDUD FRQWLQXDU QDYHJDQGR SHORV PHQXV ++


5ROH DWUDYpV GDV RSo}HV GLVSRQtYHLV XVDQGR DV WHFODV GH QDYHJDomR SDUD FLPD RX SDUD EDL[R

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

23d®(6 '( 6(/(d­2 '2 6(1625 '( ',5(d­2


6HOHFLRQH R VXEVLVWHPD GR VHQVRU GH GLUHomR SUHVVLRQDQGR R ERWmR GH GLPLQXLomR

%$,/&&0$9$ 

127$ $ FRQ¿JXUDomR SDGUmR p 1R 1mR  VHP VHQVRU GH GLUHomR

5ROH DWUDYpV GDV RSo}HV GLVSRQtYHLV XVDQGR DV WHFODV K RX P

%$,/&&0$9$ 
0DQWHQKD SUHVVLRQDGD D WHFOD K RX P SDUD DUPD]HQDU D VHOHomR XP VLQDO VRQRUR VHUi HPLWLGR SDUD FRQ¿UPDU D
VHOHomR

3UHVVLRQH D WHFOD GH GLPLQXLomR SDUD FRQWLQXDU QDYHJDQGR SHORV PHQXV ++


5ROH DWUDYpV GDV RSo}HV GLVSRQtYHLV XVDQGR DV WHFODV GH QDYHJDomR SDUD FLPD RX SDUD EDL[R

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

23d®(6 '2 )5(,2 $ $5


6HOHFLRQH R VXEVLVWHPD GR IUHLR D DU SUHVVLRQDQGR D WHFOD GH GLPLQXLomR

%$,/&&0$9$ 

127$ $ FRQ¿JXUDomR SDGUmR p 1mR VHP IUHLRV D DU

5ROH DWUDYpV GDV RSo}HV GLVSRQtYHLV XVDQGR DV WHFODV K RX P

%$,/&&0$9$ 
0DQWHQKD SUHVVLRQDGD D WHFOD K RX P SDUD DUPD]HQDU D VHOHomR XP VLQDO VRQRUR VHUi HPLWLGR SDUD FRQ¿UPDU D
VHOHomR

3UHVVLRQH D WHFOD GH GLPLQXLomR SDUD FRQWLQXDU QDYHJDQGR SHORV PHQXV ++

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

+  (;,%,5 $ 9(56­2 '( 62)7:$5(


(VWH PHQX H[LEH D YHUVmR GR VRIWZDUH GD XQLGDGH

'LDJUDPD GH VHOHomR GD WHOD + 0HQX

%$,/&&0)9$ 

6HOHFLRQH R PHQX + SUHVVLRQDQGR R ERWmR GH GLPLQXLomR

%$,/&&0$9$ 

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

2 PRQLWRU FHQWUDO LQIHULRU SHUFRUUHUi DXWRPDWLFDPHQWH SHOD YHUVmR GR VRIWZDUH FRQIRUPH R H[HPSOR PRVWUDGR H
GHSRLV UHWRUQDUi SDUD SHUPLWLU D QDYHJDomR GRV PHQXV ++

%$,/&&0$9$ 

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

+  7(67( '( 23(5$d­2 '2 ,17(5583725


(VWH PHQX H[LEH XP GHWHUPLQDGR FyGLJR TXDQGR XPD WUDQVLomR GH LQWHUUXSWRU p GHWHFWDGD

'LDJUDPD GH VHOHomR GD WHOD + 0HQX

%$,/&&0)9$ 

%$,/&&0$9$ 

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

2 PRQLWRU FHQWUDO LQIHULRU H[LELUi G B B

%9($B 

4XDQGR XP LQWHUUXSWRU p RSHUDGR XP FyGLJR VHUi H[LELGR H XP VLQDO VRQRUR VRDUi SDUD LQGLFDU D IXQomR FRUUHWD
6H XP FyGLJR GH LQWHUUXSWRU QmR IRU H[LELGR H R VLQDO VRQRUR QmR VRDU XP WHVWH GH PRYLPHQWR SRGH VHU H[HFXWDGR
QD ¿DomR UHODFLRQDGD DR PHVPR WHPSR HP TXH REVHUYD R PRQLWRU RX HVFXWD R VLQDO VRQRUR R TXH DMXGD D ORFDOL]DU
D IDOKD

%$,/&&0$9$ 

127$ 6H R LQWHUUXSWRU GD FKDYH GD LJQLomR IRU YLUDGD SDUD D SRVLomR GH SDUWLGD FRP D DODYDQFD VHOHWRUD GH DYDQoR H
Up HP QHXWUR H R SHGDO GD HPEUHDJHP SUHVVLRQDGR p SRVVtYHO TXH RFRUUD XP HUUR GH GHVDFRUGR HQWUH LQWHUUXSWRUHV

,GHQWL¿FD &RQHFWRU GR 1~PHUR GR ,QWHUUXSWRU(QWUDGD 5HTXLVLWRV


GRU FRQWURODGRU SLQR HVSHFLDLV
G 1HQKXP LQWHUUXSWRU RX GRLV LQWHUUXSWRUHV DWLYDGRV DR PHVPR WHPSR 
G &1  ,QWHUUXSWRU GR IUHLR GH PmR 
G &1  ,QWHUUXSWRU GR IDURO DOWR SULQFLSDO 
G &1  /kPSDGDV GH GHPDUFDomR ODWHUDO H LOXPLQDomR 
G &1  )UHLRV GHVWUDYDGRV 620(17( -DSmR 
G &1  ,QGLFDGRU GR VLQDO GH FRQYHUVmR HVTXHUGR 
G &1  ,QGLFDGRU GR VLQDO GH FRQYHUVmR GLUHLWR 
G &1  6WDWXV GR LPSOHPHQWR &RQWUROH GH WUDomR
PHFkQLFD VRPHQWH
G &1  ,QWHUUXSWRU GR IUHLR GH HVFDSH 1mR DSOLFiYHO
G &1  ,QWHUUXSWRU &$/6(/ $',& VHP WHFODGR 

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

+  /,03$5 0(0Ï5,$ 620(17( /(,785$ 352*5$0È9(/ $3$*È9(/ (/e75,&$ ((


3520
(VWH PHQX DSDJD RV YDORUHV GH FDOLEUDomR H RV FyGLJRV GH IDOKD DUPD]HQDGRV UHGH¿QLQGR WRGRV RV YDORUHV GD
((3520 GH YROWD SDUD RV YDORUHV SDGUmR

((3520 p RQGH WRGRV RV YDORUHV GH FDOLEUDomR H FyGLJRV GH IDOKD VmR DUPD]HQDGRV (VWD PHPyULD p UHWLGD PHVPR
TXDQGR QmR Ki HQHUJLD QR FRQWURODGRU RX VHMD VH D EDWHULD HVWi GHVFRQHFWDGD

'LDJUDPD GH VHOHomR GD WHOD + 0HQX

%$,/&&0)9$ 

6HOHFLRQH R PHQX + SUHVVLRQDQGR D WHFOD GH GLPLQXLomR

6HOHFLRQH DSDJDU FRQ¿JXUDo}HV SUHVVLRQDQGR D WHFOD GH GLPLQXLomR

%$,/&&0$9$ 

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

$ VHomR VXSHULRU GR PRQLWRU H[LELUi ((&/

%9($B 

127$ 2 + YDL OLPSDU WRGRV RV YDORUHV GH FDOLEUDomR H RV FyGLJRV GH IDOKD DUPD]HQDGRV


127$ 6H D WHFOD P IRU OLEHUDGD DQWHV GH FRQFOXLU D FRQWDJHP UHJUHVVLYD R SURFHGLPHQWR VHUi LQWHUURPSLGR

0DQWHQKD SUHVVLRQDGD D WHFOD P SDUD FRQ¿UPDU D UHGH¿QLomR GD ((3520

2 PRQLWRU FHQWUDO LQIHULRU LUi FRQWDU UHJUHVVLYDPHQWH GH  D  H HP VHJXLGD (( VHUi H[LELGR SDUD LQGLFDU TXH D
((3520 IRL DSDJDGD

%9($B 
'HVOLJXH D FKDYH GH LJQLomR SDUD VDLU GR +
127$ +i RXWUD RSomR GH SDLQHO GH LQVWUXPHQWRV QR + FKDPDGR $SDJDU FRQ¿JXUDomR GH UHGH  (VWH SURFHGLPHQWR
p UHDOL]DGR GD PHVPD IRUPD TXH R SURFHGLPHQWR $SDJDU FRQ¿JXUDo}HV PDV LUi DSDJDU D FRQ¿JXUDomR DWXDO DU
PD]HQDGD QR SDLQHO GH LQVWUXPHQWRV H UHFRQVWUXLUi D FRQ¿JXUDomR QD SUy[LPD LJQLomR ,VVR GHYH VHU XVDGR FDVR
R FRQMXQWR WHQKD VLGR DOWHUDGR RX FDVR RV PHQXV ++ HVWHMDP PRVWUDQGR PyGXORV TXH QmR HVWmR LQVWDODGRV QD Pi
TXLQD

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

+  92/7Ë0(752
(VWH PHQX p XVDGR SDUD YHUL¿FDU D RSHUDomR GH YiULRV SRWHQFL{PHWURV IRUQHFLPHQWR GH WHQVmR H RV FLUFXLWRV GH
FRUUHQWH GH VROHQRLGH

6H XPD IDOKD LQWHUPLWHQWH IRU GHWHFWDGD HP XP FLUFXLWR XP WHVWH GH PRYLPHQWR SRGH VHU H[HFXWDGR QD ¿DomR
UHODFLRQDGD DR PHVPR WHPSR HP TXH REVHUYD R PRQLWRU HP EXVFD GH PXGDQoDV UHSHQWLQDV QRV YDORUHV R TXH
DMXGD D ORFDOL]DU D iUHD HP TXH H[LVWH XPD IDOKD
127$ 2 YHtFXOR SRGH VHU FRQGX]LGR HQTXDQWR HVWLYHU QHVWH PHQX

'LDJUDPD GH VHOHomR GD WHOD + 0HQX

%$,/&&0)9$ 
6HOHFLRQH R PHQX + SUHVVLRQDQGR R ERWmR GH GLPLQXLomR

%$,/&&0$9$ 

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

2 PRQLWRU FHQWUDO LQIHULRU H[LELUi FK B B

%9($B 

2 FDQDO QHFHVViULR SRGH VHU VHOHFLRQDGR XVDQGR DV WHFODV K H P

$SyV XP DWUDVR R YDORU VHUi H[LELGR &RPSDUH R YDORU H[LELGR FRP D OHLWXUD WtSLFD LQGLFDGD QD WDEHOD DEDL[R
127$ 2 YDORU p D WHQVmR RX R VLQDO GH HQWUDGD QR FRQWURODGRU ,VVR QmR SRGH VHU WUDGX]LGR GLUHWDPHQWH HP XPD
WHQVmR GHYLGR DRV SURFHVVRV LQWHUQRV GR FRQWURODGRU 8P ]HUR HTXLYDOH D  YROWV

6H R YDORU H[LELGR YDULD PDLV GH  HP UHODomR DR LQGLFDGR QD WDEHOD D VHJXLU Ki XPD IDOKD QR FRPSRQHQWH RX QR
FKLFRWH GR ¿R UHODFLRQDGR D HVVH FDQDO
127$ 9HUL¿TXH RV FRQHFWRUHV GR FLUFXLWR DIHWDGR LQFOXLQGR RV FRQHFWRUHV GR FRQWURODGRU DQWHV GH VXEVWLWXLU TXDO
TXHU FRPSRQHQWH

%$,/&&0$9$ 

&DQDO 'HVFULomR /HLWXUD WtSLFD 1RWDV


 7HQVmR GH SURJUDPDomR 9SS  &RQVXOWH DV H[SOLFDo}HV D
VHJXLU
 $OLPHQWDomR GH  YROWV GR VHQVRU 
 (QWUDGD 97 GH  YROWV  &RQVXOWH DV H[SOLFDo}HV D
VHJXLU
 3RWHQFL{PHWUR GR kQJXOR GH GLUHomR   
 VHQVRU GH SUHVVmR GR yOHR GR PRWRU   
 6HQVRU GH WHPSHUDWXUD GR OtTXLGR GH   
DUUHIHFLPHQWR GR PRWRU
 3UHVVmR GR IUHLR D DU   
 6HQVRU GR QtYHO GH FRPEXVWtYHO     &KHLR
 9D]LR

([SOLFDo}HV
(QWUDGD 9SS HVWD p D WHQVmR GH HQWUDGD QR FRQWURODGRU SDUD UHWHU D PHPyULD YROiWLO
(QWUDGD 97 HVWD p XPD VHJXQGD WHQVmR GH HQWUDGD QR FRQWURODGRU

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

+%  (;,%,5 &Ï',*26 '( )$/+$ $50$=(1$'26


(VWH PHQX p XVDGR SDUD H[LELU RV FyGLJRV GH IDOKD DUPD]HQDGRV QD ((3520 GR FRQWURODGRU

'LDJUDPD GH VHOHomR GD WHOD +% 0HQX

%$,/&&0)9$ 
6HOHFLRQH R PHQX +% SUHVVLRQDQGR R ERWmR GH GLPLQXLomR

%$,/&&0$9$ 

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

2 PRQLWRU FHQWUDO LQIHULRU LUi SLVFDU FRP  FDVR QmR KDMD FyGLJRV GH IDOKD DUPD]HQDGRV

%$,/&&0$9$ 
2 PRQLWRU FHQWUDO LQIHULRU LUi H[LELU DOWHUQDGDPHQWH GH PDQHLUD DXWRPiWLFD FRQIRUPH R H[HPSOR

 &yGLJR GH IDOKD

 +RUD GD SULPHLUD RFRUUrQFLD

 +RUD GD ~OWLPD RFRUUrQFLD

 4XDQWLGDGH GH RFRUUrQFLDV GD IDOKD

%$,/&&0$9$ 
3UHVVLRQH D WHFOD K RX P SDUD PXGDU SDUD R SUy[LPR FyGLJR GH IDOKD QD OLVWD

2 PRQLWRU FHQWUDO LQIHULRU LUi H[LELU B B B QR ¿QDO GD OLVWD

3UHVVLRQH D WHFOD GH GLPLQXLomR SDUD FRQWLQXDU QDYHJDQGR SHORV PHQXV ++

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

+&  /,03$5 &Ï',*26 '( )$/+$ $50$=(1$'26


'LDJUDPD GH VHOHomR GD WHOD +& 0HQX

%$,/&&0)9$ 

127$ 6HPSUH DQRWH RV FyGLJRV GH IDOKD DUPD]HQDGRV DQWHV GH DSDJDU D PHPyULD

6HOHFLRQH R PHQX +& SUHVVLRQDQGR R ERWmR GH GLPLQXLomR

%$,/&&0$9$ 

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

2 PRQLWRU FHQWUDO LQIHULRU H[LELUi ) &/

%9($B 

6HOHFLRQH R PHQX +& SUHVVLRQDQGR D WHFOD GH PHQX


127$ 6H D WHFOD P IRU OLEHUDGD DQWHV GH FRQFOXLU D FRQWDJHP UHJUHVVLYD R SURFHGLPHQWR VHUi LQWHUURPSLGR

0DQWHQKD SUHVVLRQDGD D WHFOD P SDUD FRQ¿UPDU D OLPSH]D GD PHPyULD

2 PRQLWRU FHQWUDO LQIHULRU LUi FRQWDU UHJUHVVLYDPHQWH GH  D  H HP VHJXLGD (( VHUi H[LELGR SDUD LQGLFDU TXH RV
FyGLJRV GH IDOKD IRUDP DSDJDGRV

3UHVVLRQH D WHFOD GH GLPLQXLomR SDUD FRQWLQXDU QDYHJDQGR SHORV PHQXV ++

%9($B 

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

+(  (;,%,5 72'$6 $6 (175$'$6 '( 9(/2&,'$'(


(VWH PHQX p XVDGR SDUD YHUL¿FDU D RSHUDomR GH YiULDV HQWUDGDV GH IUHTXrQFLD
127$ 2 YHtFXOR SRGH VHU FRQGX]LGR HQTXDQWR HVWLYHU QHVWH PHQX

'LDJUDPD GH VHOHomR GD WHOD +( 0HQX

%$,/&&0)9$ 

6HOHFLRQH R PHQX +( SUHVVLRQDQGR R ERWmR GH GLPLQXLomR

%$,/&&0$9$ 

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

2 PRQLWRU FHQWUDO LQIHULRU H[LELUi FK B B


2 FDQDO QHFHVViULR SRGH VHU VHOHFLRQDGR XVDQGR DV WHFODV K H P

&RQVXOWH D WDEHOD DEDL[R SDUD YHU RV FDQDLV GLVSRQtYHLV

$SyV XP DWUDVR R YDORU VHUi H[LELGR

%$,/&&0$9$ 
3UHVVLRQH D WHFOD GH GLPLQXLomR SDUD FRQWLQXDU QDYHJDQGR SHORV PHQXV ++

&DQDO 'HVFULomR /HLWXUD WtSLFD 1RWDV


 5RWDomR GR PRWRU  ±  UHYPLQ
 9HORFLGDGH GD URGD  ±  .PK
 5DGDU  ±  .PK
 5RWDomR GD 7'3 WUDVHLUD  ±  UHYPLQ

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

+)  (;,%,5 ,1)250$d®(6 62%5( 2 +$5':$5( '2 &21752/$'25


(VWH PHQX SHUPLWH TXH D LGHQWL¿FDomR GR KDUGZDUH D YHUVmR GR KDUGZDUH H R Q~PHUR GH LGHQWL¿FDomR GR SURGXWR
VHMDP H[LELGRV

'LDJUDPD GH VHOHomR GD WHOD +) 0HQX

%$,/&&0)9$ 

6HOHFLRQH R PHQX +) SUHVVLRQDQGR D WHFOD GH GLPLQXLomR

%$,/&&0$9$ 

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

2 PRQLWRU FHQWUDO LQIHULRU LUi H[LELU DOWHUQDGDPHQWH GH PDQHLUD DXWRPiWLFD FRQIRUPH R H[HPSOR

 ,GHQWL¿FDomR GR KDUGZDUH

 9HUVmR GR KDUGZDUH

 9HUVmR GR KDUGZDUH

 1~PHUR GH LGHQWL¿FDomR GR SURGXWR

 1~PHUR GH LGHQWL¿FDomR GR SURGXWR

H UHWRUQD SDUD SHUPLWLU D QDYHJDomR GRV PHQXV ++

%$,/&&0$9$ 

0yGXOR HOHWU{QLFR  &RQ¿JXUDU -$  7HFODGR DSULPRUDGR


++ 0HQX GH VHUYLoR 1~PHUR
GD ¿JXUD
+ 1mR XWLOL]DGR 
+ 1mR XWLOL]DGR 
+ 1mR XWLOL]DGR 
+ ([LELU R QtYHO GH UHYLVmR GR VRIWZDUH 
+ 1mR XWLOL]DGR 
+ 1mR XWLOL]DGR 
+ 1mR XWLOL]DGR 
+ 1mR XWLOL]DGR 
+ 1mR XWLOL]DGR 
+$ 1mR XWLOL]DGR 
+% 1mR XWLOL]DGR 
+& 1mR XWLOL]DGR 
+' 1mR XWLOL]DGR 
+( 1mR XWLOL]DGR 
+) ([LELU LQIRUPDo}HV VREUH R KDUGZDUH GR FRQWURODGRU 

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

+  (;,%,5 $ 9(56­2 '( 62)7:$5(


&RPXP SDUD WRGRV RV VXEVLVWHPDV

'LDJUDPD GH VHOHomR GD WHOD + 0HQX

%$,/&&0)9% 

6HOHFLRQH R PHQX + SUHVVLRQDQGR R ERWmR GH GLPLQXLomR

%$,/&&0$9% 

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

2 PRQLWRU FHQWUDO LQIHULRU SHUFRUUHUi DXWRPDWLFDPHQWH SHOD YHUVmR GR VRIWZDUH FRQIRUPH R H[HPSOR PRVWUDGR H
UHWRUQDUi SDUD SHUPLWLU D QDYHJDomR GRV PHQXV ++

%$,/&&0$9% 

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

+)  (;,%,5 ,1)250$d®(6 62%5( 2 +$5':$5( '2 &21752/$'25


(VWH PHQX SHUPLWH TXH D LGHQWL¿FDomR GR KDUGZDUH D YHUVmR GR KDUGZDUH H R Q~PHUR GH LGHQWL¿FDomR GR SURGXWR
VHMDP H[LELGRV

'LDJUDPD GH VHOHomR GD WHOD +) 0HQX

%$,/&&0)9% 

6HOHFLRQH R PHQX +) SUHVVLRQDQGR R ERWmR GH GLPLQXLomR

%$,/&&0$9% 

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

2 PRQLWRU FHQWUDO LQIHULRU SHUFRUUHUi DXWRPDWLFDPHQWH FRQIRUPH R H[HPSOR


 ,GHQWL¿FDomR GR KDUGZDUH
 9HUVmR GR KDUGZDUH
 9HUVmR GR KDUGZDUH
 1~PHUR GH LGHQWL¿FDomR GR SURGXWR
 1~PHUR GH LGHQWL¿FDomR GR SURGXWR
 1~PHUR GH LGHQWL¿FDomR GR SURGXWR
H UHWRUQD SDUD SHUPLWLU D QDYHJDomR GRV PHQXV ++

%$,/++3$9$ 

127$ 2V ~OWLPRV WUrV FRQMXQWRV GH  GtJLWRV H[LELGRV UHSUHVHQWDP R Q~PHUR GH LGHQWL¿FDomR GR SURGXWR GH 
GtJLWRV GR PyGXOR (VVH Q~PHUR GHYH FRUUHVSRQGHU DR Q~PHUR GH LGHQWL¿FDomR GR SURGXWR PRVWUDGR QR UyWXOR GR
PyGXOR 2EVHUYH TXH R Q~PHUR GH LGHQWL¿FDomR GR SURGXWR PRVWUDGR QR PRQLWRU LUi LQFOXLU ]HURV LQLFLDLV TXH SRGHP
QmR VHU DSUHVHQWDGRV QR UyWXOR GR PyGXOR 1HVWH H[HPSOR R Q~PHUR GH LGHQWL¿FDomR GR SURGXWR p 

0yGXOR HOHWU{QLFR  &RQ¿JXUDU .$  &RQWUROH GH GLUHomR


++ 0HQX GH VHUYLoR 1~PHUR GD ¿JXUD
+ 3URFHGLPHQWRV GH FDOLEUDomR 
+ ([LELU YDORUHV GH FDOLEUDomR DUPD]HQDGRV 
+ QmR XWLOL]DGR 
+ ([LELU R QtYHO GH UHYLVmR GR VRIWZDUH 
+ 7HVWH GH RSHUDomR GR LQWHUUXSWRU 
+ QmR XWLOL]DGR 
+ QmR XWLOL]DGR 
+ $SDJDU PHPyULD VRPHQWH OHLWXUD SURJUDPiYHO HOHWULFDPHQWH 
DSDJiYHO ((3520
+ 9ROWtPHWUR 
+$ QmR XWLOL]DGR 
+% ([LELU FyGLJRV GH IDOKD DUPD]HQDGRV 
+& /LPSDU WRGRV RV FyGLJRV GH IDOKD DUPD]HQDGRV 
+' QmR XWLOL]DGR 
+( ([LELU HQWUDGDV GH IUHTXrQFLD 
+) ([LELU LQIRUPDo}HV VREUH R KDUGZDUH GR FRQWURODGRU 

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

+  352&(',0(1726 '( &$/,%5$d­2


(VWH PHQX p XVDGR SDUD FDOLEUDomR GR FRQWURODGRU GD GLUHomR

'LDJUDPD GH VHOHomR GD WHOD GR + 0HQX

%$,/&&0)9% 

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

+  (;,%,5 9$/25(6 '( &$/,%5$d­2 $50$=(1$'26


(VWH PHQX p XVDGR SDUD H[LELU RV YDORUHV GH FDOLEUDomR DUPD]HQDGRV QR FRQWURODGRU GD GLUHomR

'LDJUDPD GH VHOHomR GD WHOD + 0HQX

%$,/&&0)9% 

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

6HOHFLRQH R VXEVLVWHPD GD GLUHomR SUHVVLRQDQGR D WHFOD GH GLPLQXLomR

%$,/&&0$9% 
2 PRQLWRU FHQWUDO LQIHULRU H[LELUi FK B

%$,/&&0$9$ 
2 FDQDO QHFHVViULR SRGH VHU VHOHFLRQDGR XVDQGR DV WHFODV K H P

$SyV XP DWUDVR R YDORU GH FDOLEUDomR VHUi H[LELGR FRQVXOWH D WDEHOD DEDL[R SDUD REWHU D GHVFULomR GR FDQDO 

3UHVVLRQH D WHFOD GH GLPLQXLomR SDUD FRQWLQXDU QDYHJDQGR SHORV PHQXV ++

&DQDO 'HVFULomR 3DGUmR ,QWHUYDOR GH YDORUHV


&DQDO  ,QWHUUXSWRU GH SUR[LPLGDGH DEHUWR   D 
&DQDO  ,QWHUUXSWRU GH SUR[LPLGDGH IHFKDGR   D 
&DQDO  6LQDO VHFXQGiULR /9'7  DEHUWR   D 
&DQDO  6LQDO VHFXQGiULR /9'7  DEHUWR   D 
&DQDO  6LQDO VHFXQGiULR /9'7  IHFKDGR   D 
&DQDO  6LQDO VHFXQGiULR /9'7  IHFKDGR   D 

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

+  (;,%,5 $ 9(56­2 '( 62)7:$5(


&RPXP SDUD WRGRV RV VXEVLVWHPDV

'LDJUDPD GH VHOHomR GD WHOD + 0HQX

%$,/&&0)9$ 
6HOHFLRQH R PHQX + SUHVVLRQDQGR R ERWmR GH GLPLQXLomR

%$,/&&0$9$ 

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

2 PRQLWRU FHQWUDO LQIHULRU SHUFRUUHUi DXWRPDWLFDPHQWH SHOD YHUVmR GR VRIWZDUH FRQIRUPH R H[HPSOR PRVWUDGR H
UHWRUQDUi SDUD SHUPLWLU D QDYHJDomR GRV PHQXV ++

%$,/&&0$9% 

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

+  7(67( '( 23(5$d­2 '2 ,17(5583725


(VWH PHQX H[LEH XP GHWHUPLQDGR FyGLJR TXDQGR XPD WUDQVLomR GH LQWHUUXSWRU p GHWHFWDGD

&RPXP SDUD WRGRV RV VXEVLVWHPDV

'LDJUDPD GH VHOHomR GD WHOD + 0HQX

%$,/&&0)9$ 
6HOHFLRQH R PHQX + SUHVVLRQDQGR R ERWmR GH GLPLQXLomR

%$,/&&0$9$ 

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

2 PRQLWRU FHQWUDO LQIHULRU H[LELUi G B B

%9($ 
4XDQGR XP LQWHUUXSWRU p RSHUDGR XP FyGLJR VHUi H[LELGR H XP VLQDO VRQRUR VRDUi SDUD LQGLFDU D IXQomR FRUUHWD
6H XP FyGLJR GH LQWHUUXSWRU QmR IRU H[LELGR H R VLQDO VRQRUR QmR VRDU XP WHVWH GH PRYLPHQWR SRGH VHU H[HFXWDGR
QD ¿DomR UHODFLRQDGD DR PHVPR WHPSR HP TXH REVHUYD R PRQLWRU RX HVFXWD R VLQDO VRQRUR R TXH DMXGD D ORFDOL]DU
D IDOKD

%$,/&&0$9$ 

,GHQWL¿FD &RQHFWRU ,QWHUUXSWRU(QWUDGD 5HTXLVLWRV HVSHFLDLV


GRU GR FRQWUR
ODGRU
G $ ,QWHUUXSWRU GH DWLYDomR 
G & ,QWHUUXSWRU GH VHJXUDQoD 
G % ,QWHUUXSWRU GH SUR[LPLGDGH 
G  /9'7 

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

+  /,03$5 0(0Ï5,$ 620(17( /(,785$ 352*5$0È9(/ $3$*È9(/ (/e75,&$ ((


3520
(VWH PHQX DSDJD RV YDORUHV GH FDOLEUDomR H RV FyGLJRV GH IDOKD DUPD]HQDGRV UHGH¿QLQGR WRGRV RV YDORUHV GD
((3520 GH YROWD SDUD RV YDORUHV SDGUmR

((3520 p RQGH WRGRV RV YDORUHV GH FDOLEUDomR H FyGLJRV GH IDOKD VmR DUPD]HQDGRV (VWD PHPyULD p UHWLGD PHVPR
TXDQGR QmR Ki HQHUJLD QR FRQWURODGRU RX VHMD VH D EDWHULD HVWi GHVFRQHFWDGD

'LDJUDPD GH VHOHomR GD WHOD + 0HQX

%$,/&&0)9$ 

,03257$17( 2 + YDL OLPSDU WRGRV RV YDORUHV GH FDOLEUDomR H RV FyGLJRV GH IDOKD DUPD]HQDGRV


127$ 6H D WHFOD P IRU OLEHUDGD DQWHV GH FRQFOXLU D FRQWDJHP UHJUHVVLYD R SURFHGLPHQWR VHUi LQWHUURPSLGR

6HOHFLRQH R PHQX + SUHVVLRQDQGR R ERWmR GH GLPLQXLomR

%$,/&&0$9$ 
0DQWHQKD SUHVVLRQDGD D WHFOD P SDUD FRQ¿UPDU D UHGH¿QLomR GD ((3520

2 PRQLWRU FHQWUDO LQIHULRU LUi FRQWDU UHJUHVVLYDPHQWH GH  D  H HP VHJXLGD (( VHUi H[LELGR SDUD LQGLFDU TXH D
((3520 IRL DSDJDGD

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

'(6/,*8( D FKDYH GH SDUWLGD

%9($ 

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

+  92/7Ë0(752
(VWH PHQX p XVDGR SDUD YHUL¿FDU D RSHUDomR GH YiULRV SRWHQFL{PHWURV IRUQHFLPHQWR GH WHQVmR H RV FLUFXLWRV GH
FRUUHQWH GH VROHQRLGH

6H XPD IDOKD LQWHUPLWHQWH IRU GHWHFWDGD HP XP FLUFXLWR XP WHVWH GH PRYLPHQWR SRGH VHU H[HFXWDGR QD ¿DomR
UHODFLRQDGD DR PHVPR WHPSR HP TXH REVHUYD R PRQLWRU HP EXVFD GH PXGDQoDV UHSHQWLQDV QRV YDORUHV R TXH
DMXGD D ORFDOL]DU D iUHD HP TXH H[LVWH XPD IDOKD
127$ 2 YHtFXOR SRGH VHU FRQGX]LGR HQTXDQWR HVWLYHU QHVWH PHQX

&RPXP SDUD WRGRV RV VXEVLVWHPDV

'LDJUDPD GH VHOHomR GD WHOD + 0HQX

%$,/&&0)9$ 

6HOHFLRQH R PHQX + SUHVVLRQDQGR R ERWmR GH GLPLQXLomR

%$,/&&0$9$ 

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

2 PRQLWRU FHQWUDO LQIHULRU H[LELUi FK B

%$,/&&0$9$ 
2 FDQDO QHFHVViULR SRGH VHU VHOHFLRQDGR XVDQGR DV WHFODV K H P
$SyV XP DWUDVR R YDORU VHUi H[LELGR &RPSDUH R YDORU H[LELGR FRP D OHLWXUD WtSLFD LQGLFDGD QD WDEHOD DEDL[R
127$ 2 YDORU p D WHQVmR RX R VLQDO GH HQWUDGD QR FRQWURODGRU ,VVR QmR SRGH VHU WUDGX]LGR GLUHWDPHQWH HP XPD
WHQVmR GHYLGR DRV SURFHVVRV LQWHUQRV GR FRQWURODGRU 8P ]HUR HTXLYDOH D  YROWV

6H R YDORU H[LELGR YDULD PDLV GH  HP UHODomR DR LQGLFDGR QD WDEHOD D VHJXLU Ki XPD IDOKD QR FRPSRQHQWH RX QR
FKLFRWH GR ¿R UHODFLRQDGR D HVVH FDQDO
127$ 9HUL¿TXH RV FRQHFWRUHV GR FLUFXLWR DIHWDGR LQFOXLQGR RV FRQHFWRUHV GR FRQWURODGRU DQWHV GH VXEVWLWXLU TXDO
TXHU FRPSRQHQWH

&DQDO 'HVFULomR /HLWXUD WtSLFD 1RWDV


 (QURODPHQWR VHFXQGiULR /9'7   D 
 (QURODPHQWR VHFXQGiULR /9'7   D 
 6HQVRU GH SUR[LPLGDGH  D 
 (OHWURYiOYXOD  D  P$

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

+%  (;,%,5 &Ï',*26 '( )$/+$ $50$=(1$'26


(VWH PHQX p XVDGR SDUD H[LELU RV FyGLJRV GH IDOKD DUPD]HQDGRV QD ((3520 GR FRQWURODGRU

$Wp GH] FyGLJRV GH IDOKD SRGHP VHU DUPD]HQDGRV SDUD FDGD VXEVLVWHPD

&RPXP SDUD WRGRV RV VXEVLVWHPDV

'LDJUDPD GH VHOHomR GD WHOD +% 0HQX

%$,/&&0)9$ 

6HOHFLRQH R VXEVLVWHPD GD GLUHomR SUHVVLRQDQGR D WHFOD GH GLPLQXLomR FRQIRUPH R H[HPSOR PRVWUDGR

%$,/&&0$9$ 

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

2 PRQLWRU FHQWUDO LQIHULRU LUi H[LELU B B B FDVR QHQKXP FyGLJR GH IDOKD VHMD DUPD]HQDGR QR VXEVLVWHPD VHOHFLRQDGR

%$,/&&0$9$ 
2 PRQLWRU FHQWUDO LQIHULRU LUi H[LELU ) FDVR XP FyGLJR GH IDOKD VHMD DUPD]HQDGR QR VXEVLVWHPD VHOHFLRQDGR

%9)$ 

2 PRQLWRU FHQWUDO LQIHULRU LUi H[LELU DOWHUQDGDPHQWH GH PDQHLUD DXWRPiWLFD FRQIRUPH R H[HPSOR  &yGLJR GH
IDOKD
 +RUD GD SULPHLUD RFRUUrQFLD
 +RUD GD ~OWLPD RFRUUrQFLD
 4XDQWLGDGH GH RFRUUrQFLDV GD IDOKD

%$,/&&0$9% 
3UHVVLRQH D WHFOD K RX P SDUD PXGDU SDUD R SUy[LPR FyGLJR GH IDOKD QD OLVWD

2 PRQLWRU FHQWUDO LQIHULRU LUi H[LELU B B B QR ¿QDO GD OLVWD

3UHVVLRQH D WHFOD GH GLPLQXLomR SDUD FRQWLQXDU QDYHJDQGR SHORV PHQXV ++

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

+&  /,03$5 &Ï',*26 '( )$/+$ $50$=(1$'26


'LDJUDPD GH VHOHomR GD WHOD +& 0HQX

%$,/&&0)9$ 

127$ 6HPSUH DQRWH RV FyGLJRV GH IDOKD DUPD]HQDGRV DQWHV GH DSDJiORV

6HOHFLRQH R PHQX +& SUHVVLRQDQGR R ERWmR GH GLPLQXLomR

%$,/&&0$9$ 

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

2 PRQLWRU FHQWUDO LQIHULRU H[LELUi ) &/

%9($ 

127$ 6H D WHFOD P IRU OLEHUDGD DQWHV GH FRQFOXLU D FRQWDJHP UHJUHVVLYD R SURFHGLPHQWR VHUi LQWHUURPSLGR

0DQWHQKD SUHVVLRQDGD D WHFOD P SDUD FRQ¿UPDU D OLPSH]D GD PHPyULD

2 PRQLWRU FHQWUDO LQIHULRU LUi FRQWDU UHJUHVVLYDPHQWH GH  D  H HP VHJXLGD (( VHUi H[LELGR SDUD LQGLFDU TXH RV
FyGLJRV GH IDOKD IRUDP DSDJDGRV

3UHVVLRQH D WHFOD GH GLPLQXLomR SDUD FRQWLQXDU QDYHJDQGR SHORV PHQXV ++

%9($ 

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

+(  (;,%,5 72'$6 $6 (175$'$6 '( 9(/2&,'$'(


(VWH PHQX p XVDGR SDUD YHUL¿FDU D RSHUDomR GH YiULDV HQWUDGDV GH IUHTXrQFLD
127$ 2 YHtFXOR SRGH VHU FRQGX]LGR HQTXDQWR HVWLYHU QHVWH PHQX

&RPXP SDUD WRGRV RV VXEVLVWHPDV

'LDJUDPD GH VHOHomR GD WHOD +( 0HQX

%$,/&&0)9$ 

6HOHFLRQH R PHQX +( SUHVVLRQDQGR R ERWmR GH GLPLQXLomR

%$,/&&0$9$ 

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

2 PRQLWRU FHQWUDO LQIHULRU H[LELUi FK B


2 FDQDO QHFHVViULR SRGH VHU VHOHFLRQDGR XVDQGR DV WHFODV K H P

&RQVXOWH D WDEHOD DEDL[R SDUD YHU RV FDQDLV GLVSRQtYHLV

%$,/&&0$9$ 
$SyV XP DWUDVR R YDORU VHUi H[LELGR

3UHVVLRQH D WHFOD GH GLPLQXLomR SDUD FRQWLQXDU QDYHJDQGR SHORV PHQXV ++

&DQDO 'HVFULomR /HLWXUD WtSLFD 1RWDV





$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

+)  (;,%,5 ,1)250$d®(6 62%5( 2 +$5':$5( '2 &21752/$'25


(VWH PHQX SHUPLWH TXH D LGHQWL¿FDomR GR KDUGZDUH D YHUVmR GR KDUGZDUH H R Q~PHUR GH LGHQWL¿FDomR GR SURGXWR
VHMDP H[LELGRV &RPXP SDUD WRGRV RV VXEVLVWHPDV

'LDJUDPD GH VHOHomR GD WHOD +) 0HQX

%$,/&&0)9$ 

6HOHFLRQH R PHQX +) SUHVVLRQDQGR R ERWmR GH GLPLQXLomR

%$,/&&0$9$ 

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

2 PRQLWRU FHQWUDO LQIHULRU SHUFRUUHUi DXWRPDWLFDPHQWH FRQIRUPH R H[HPSOR


 ,GHQWL¿FDomR GR KDUGZDUH
 9HUVmR GR KDUGZDUH
 9HUVmR GR KDUGZDUH
 1~PHUR GH LGHQWL¿FDomR GR SURGXWR
 1~PHUR GH LGHQWL¿FDomR GR SURGXWR
H UHWRUQD SDUD SHUPLWLU D QDYHJDomR GRV PHQXV ++

%$,/&&0$9$ 

0yGXOR HOHWU{QLFR  &RQ¿JXUDU 8QLGDGH GH FRQWUROH FHQWUDO &&8


PyGXOR 5% WUDQVPLVVmR 6HPL 3RZHUVKLIW &RQWUROH HOHWU{QLFR
GH HVIRUoR 7'3 WUDVHLUD WUDomR URGD GLDQWHLUD EORTXHLR GR
GLIHUHQFLDO PRWRU
++ 0HQX GH VHUYLoR 1~PHUR GD ¿JXUD
+ 3URFHGLPHQWRV GH FDOLEUDomR 
+ ([LELU YDORUHV GH FDOLEUDomR DUPD]HQDGRV 
+ &RQ¿JXUDWLRQV &RQ¿JXUDo}HV 
+ ([LELU R QtYHO GH UHYLVmR GR VRIWZDUH 
+ 7HVWH GH RSHUDomR GR LQWHUUXSWRU 
+ ([LELomR GH LQIRUPDo}HV GR YHtFXOR 
+ 0RGRV GH WHVWH GR YHtFXOR 
+ $SDJDU PHPyULD VRPHQWH OHLWXUD SURJUDPiYHO HOHWULFDPHQWH 
DSDJiYHO ((3520
+ 9ROWtPHWUR 
+$ 0RGR GH GHPRQVWUDomR 
+% ([LELU FyGLJRV GH IDOKD DUPD]HQDGRV 
+& /LPSDU WRGRV RV FyGLJRV GH IDOKD DUPD]HQDGRV 
$WDOKRV SDUD FRQ¿JXUDo}HV GD WUDQVPLVVmR QmR GLVSRQtYHLV 
XVDQGR R LQWHUUXSWRU GH VHUYLoR
+( ([LELU HQWUDGDV GH IUHTXrQFLD 
+) ([LELU LQIRUPDo}HV VREUH R KDUGZDUH GR FRQWURODGRU 

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

+  352&(',0(1726 '( &$/,%5$d­2


(VWH PHQX p XVDGR SDUD FDOLEUDU
 9iOYXOD GH FRQWUROH HOHWU{QLFR GD WUDomR &RQVXOWH 6LVWHPD GH FRQWUROH HOHWU{QLFR GR HQJDWH WUDVHLUR GH
WUrV SRQWRV  &DOLEUDU  
 (PEUHDJHQV GD WUDQVPLVVmR GHWHUPLQDQGR D FRUUHQWH QHFHVViULD SDUD JLUDU R HL[R GH VDtGDHQWUDGD QD
YHORFLGDGH QHFHVViULD 6HQVRU GH YHORFLGDGH GR YRODQWH H VHQVRU GH WRUTXH GD 7'3
 0RWRU SDUD VHQVRU GH WRUTXH GD 7'3 
 %ORTXHLR GR GLIHUHQFLDO SDUD VHQVRU GH kQJXOR GD GLUHomR 

'LDJUDPD GH VHOHomR GD WHOD GR + 0HQX

%$,/$3+)6$ 

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

+  (;,%,5 9$/25(6 '( &$/,%5$d­2 $50$=(1$'26


(VWH PHQX p XVDGR SDUD H[LELU RV YDORUHV GH FDOLEUDomR DUPD]HQDGRV QRV FRQWURODGRUHV
 (PEUHDJHQV GD WUDQVPLVVmR H VLQFURQL]DGRUHV
 %ORTXHLR GR GLIHUHQFLDO SDUD VHQVRU GH kQJXOR GD GLUHomR
 0RWRU SDUD VHQVRU GH WRUTXH GD 7'3
 9iOYXOD GH FRQWUROH HOHWU{QLFR GH HVIRUoR
 (PEUHDJHP GD 7'3 WUDVHLUD

'LDJUDPD GH VHOHomR GD WHOD + 0HQX

%$,/$3+)6$ 

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

9$/25(6 '( 75$160,66­2


6HOHFLRQH R VXEVLVWHPD GD WUDQVPLVVmR SUHVVLRQDQGR D WHFOD GH GLPLQXLomR

%$,/$3+$6$ 
2 PRQLWRU FHQWUDO LQIHULRU H[LELUi FK B

2 FDQDO QHFHVViULR SRGH VHU VHOHFLRQDGR XVDQGR DV WHFODV K H P

$SyV XP DWUDVR R Q~PHUR GR FDQDO VHJXLGR SHOD OHWUD GD HPEUHDJHP R YDORU GH FDOLEUDomR H R YDORU GD WHPSHUDWXUD
GD WUDQVPLVVmR GH FDOLEUDomR VHUmR H[LELGRV FRQVXOWH D WDEHOD DEDL[R SDUD REWHU XPD GHVFULomR GH FDGD FDQDO 

3UHVVLRQH D WHFOD GH GLPLQXLomR SDUD FRQWLQXDU QDYHJDQGR SHORV PHQXV ++

%$,/&&0$9$ 

&DQDO 'HVFULomR &yGLJR ,QWHUYDOR GH


YDORUHV
&DQDO  &RUUHQWH H WHPSHUDWXUD GH FDOLEUDomR GD $ 
HPEUHDJHP $
&DQDO  &RUUHQWH H WHPSHUDWXUD GH FDOLEUDomR GD % 
HPEUHDJHP %
&DQDO  &RUUHQWH H WHPSHUDWXUD GH FDOLEUDomR GD & 
HPEUHDJHP &
&DQDO  &RUUHQWH H WHPSHUDWXUD GH FDOLEUDomR GD ' 
HPEUHDJHP '
&DQDO  &RUUHQWH H WHPSHUDWXUD GH FDOLEUDomR GD ( 
HPEUHDJHP (
&DQDO  &RUUHQWH H WHPSHUDWXUD GH FDOLEUDomR GD ) 
HPEUHDJHP GD  HQJUHQDJHP VRPHQWH
WUDQVPLVV}HV GH  NPK

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

9È/98/$6 '2 %/248(,2 '2 ',)(5(1&,$/ 3$5$ 6(1625 '( Æ1*8/2 '$ ',5(d­2
6HOHFLRQH R VXEVLVWHPD GR EORTXHLR GR GLIHUHQFLDO SUHVVLRQDQGR D WHFOD GH GLPLQXLomR

%$,/$3+$6$ 

127$ 2 YDORU GH FDOLEUDomR SDGUmR p  SDUD R VHQVRU GH kQJXOR GD GLUHomR

2 PRQLWRU FHQWUDO LQIHULRU H[LELUi FK B

2 FDQDO QHFHVViULR SRGH VHU VHOHFLRQDGR XVDQGR DV WHFODV K H P

$SyV XP DWUDVR R YDORU GH FDOLEUDomR VHUi H[LELGR FRQVXOWH D WDEHOD DEDL[R SDUD REWHU D GHVFULomR GR FDQDO 

3UHVVLRQH D WHFOD GH GLPLQXLomR SDUD FRQWLQXDU QDYHJDQGR SHORV PHQXV ++

%$,/&&0$9$ 

&DQDO 'HVFULomR ,QWHUYDOR GH YDORUHV


&DQDO  6HQVRU GH kQJXOR GD GLUHomR ! 

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

9$/25(6 '2 02725 3$5$ 6(1625 '( 72548( '$ 7'3


6HOHFLRQH R VXEVLVWHPD GR PRWRU SUHVVLRQDQGR D WHFOD GH GLPLQXLomR

%$,/$3+$6$ 
2 PRQLWRU FHQWUDO LQIHULRU H[LELUi FK B 

2 FDQDO QHFHVViULR SRGH VHU VHOHFLRQDGR XVDQGR DV WHFODV K H P

$SyV XP DWUDVR R YDORU GH FDOLEUDomR VHUi H[LELGR FRQVXOWH D WDEHOD DEDL[R SDUD REWHU D GHVFULomR GR FDQDO 

3UHVVLRQH D WHFOD GH GLPLQXLomR SDUD FRQWLQXDU QDYHJDQGR SHORV PHQXV ++

%$,/&&0$9$ 

&DQDO 'HVFULomR ,QWHUYDOR GH YDORUHV


&DQDO  6HQVRU GH WRUTXH GD 7'3   

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

9$/25(6 '$ 9È/98/$ '( &21752/( (/(75Ð1,&2 '( 75$d­2


6HOHFLRQH R VXEVLVWHPD GH FRQWUROH HOHWU{QLFR GD WUDomR ('&  SUHVVLRQDQGR D WHFOD GH ³GLPLQXLomR

%$,/$3+$6$ 

127$ 2 YDORU GH FDOLEUDomR SDGUmR p  WDQWR SDUD RV VROHQRLGHV GH OHYDQWDPHQWR TXDQWR GH DEDL[DPHQWR

2 PRQLWRU FHQWUDO LQIHULRU H[LELUi FK B

2 FDQDO QHFHVViULR SRGH VHU VHOHFLRQDGR XVDQGR DV WHFODV K H P

$SyV XP DWUDVR R FyGLJR VHJXLGR SHOR YDORU GH FDOLEUDomR VHUi H[LELGR FRQVXOWH D WDEHOD DEDL[R SDUD REWHU D
GHVFULomR GH FDGD FDQDO 

3UHVVLRQH D WHFOD GH GLPLQXLomR SDUD FRQWLQXDU QDYHJDQGR SHORV PHQXV ++

%$,/&&0$9$ 

&DQDO 'HVFULomR &yGLJR ,QWHUYDOR GH YDORUHV


&DQDO  6ROHQRLGH GH OHYDQWDPHQWR 5   
&DQDO  6ROHQRLGH GH DEDL[DPHQWR /   

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

9$/25(6 '$ 7'3


6HOHFLRQH R VXEVLVWHPD GD 7'3 SUHVVLRQDQGR D WHFOD GH ³GLPLQXLomR

%$,/$3+$6$ 

127$ 2 YDORU GH FDOLEUDomR SDGUmR p  SDUD R VROHQRLGH GD 7'3

2 PRQLWRU FHQWUDO LQIHULRU H[LELUi FK B

2 FDQDO QHFHVViULR SRGH VHU VHOHFLRQDGR XVDQGR DV WHFODV K H P

$SyV XP DWUDVR R YDORU GH FDOLEUDomR VHUi H[LELGR FRQVXOWH D WDEHOD DEDL[R SDUD REWHU D GHVFULomR GH FDGD FDQDO 

3UHVVLRQH D WHFOD GH GLPLQXLomR SDUD FRQWLQXDU QDYHJDQGR SHORV PHQXV ++

%$,/&&0$9$ 

&DQDO 'HVFULomR ,QWHUYDOR GH YDORUHV


&DQDO  7HPSHUDWXUD GR yOHR GD 7'3   
&DQDO  6ROHQRLGH GD 7'3   

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

+  &21),*85$d®(6
(VWH PHQX p XVDGR SDUD H[LELU DV FRQ¿JXUDo}HV GLVSRQtYHLV SDUD
 &RQWUROH HOHWU{QLFR GD WUDomR ('&
‡ &DQDO   'LkPHWUR GRV FLOLQGURV H[WHUQRV GH HOHYDomR KLGUiXOLFD
‡ &DQDO   $WLYDomRGHVDWLYDomR GR FRQWUROH HOHWU{QLFR GD WUDomR ('&
‡ &DQDO   $WLYDomRGHVDWLYDomR GR FRQWUROH GH SDWLQDJHP
 7UDQVPLVVmR
‡ &DQDO   $WLYDomRGHVDWLYDomR GR VXSHUUHGXWRU 6LP $WLYDGR
‡ &DQDO   $WLYDomRGHVDWLYDomR GD WUDYD GH HVWDFLRQDPHQWR 6LP $WLYDGR
‡ &DQDO   .PK UHVWULomR GD YHORFLGDGH Pi[LPD 6LP 5HVWULWR
‡ &DQDO   &RPSHQVDomR GD WUDQVPLVVmR GH DYDQoRUp SURJUDPiYHO
 0RWRU HOHWU{QLFR
‡ &DQDO   WHVWH GH GLQDP{PHWUR GD 7'3 FRP DXPHQWR GD SRWrQFLD Pi[LPD 6LP $WLYDGR
‡ &DQDO   6HOHomR GR WLSR GR DFHOHUDGRU GH Sp 6LP SHGDO GR DFHOHUDGRU +HOOD LQVWDODGR
‡ &DQDO   6HOHomR GD JUHOKD DTXHFHGRUD 6LP ,QVWDODGD
‡ &DQDO   6HOHomR GR DTXHFHGRU GR ¿OWUR GH FRPEXVWtYHO 6LP ,QVWDODGR
 7'3 WUDVHLUD
‡ &DQDO   6HOHomR GH JHUHQFLDPHQWR GD 7'3
‡ &DQDO   6HOHomR GRV LQWHUUXSWRUHV GR SDUDODPD GD 7'3
‡ &DQDO   $MXVWH GH FDOLEUDomR GD HPEUHDJHP GD 7'3
‡ &DQDO   $MXVWH GR WHPSR GH DEDVWHFLPHQWR UiSLGR GD 7'3
 %ORTXHLR GR GLIHUHQFLDO H WUDomR QDV TXDWUR URGDV
‡ &DQDO   7LSR GH HL[R
‡ &DQDO   6HOHomR GD WUDomR QDV TXDWUR URGDV 6LP $WLYDGR
‡ &DQDO   ÆQJXORV GR HL[R GLDQWHLUR 7HUUDORFN
‡ &DQDO   6HOHomR GH YHORFLGDGH GR HQJDWH GR IUHLR GH WUDomR QDV TXDWUR URGDV

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

'LDJUDPD GH VHOHomR GD WHOD GR + 0HQX

%$,/$3+)6$ 

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

23d®(6 '( 75$160,66­2


6HOHFLRQH R VXEVLVWHPD GD WUDQVPLVVmR SUHVVLRQDQGR D WHFOD GH GLPLQXLomR

%$,/$3+$6$ 
2 PRQLWRU FHQWUDO LQIHULRU H[LELUi FK B

2 FDQDO QHFHVViULR SRGH VHU VHOHFLRQDGR XVDQGR DV WHFODV K H P

$SyV XP DWUDVR D FRQ¿JXUDomR DWXDO VHUi H[LELGD FRQVXOWH D WDEHOD DEDL[R SDUD REWHU D GHVFULomR GH FDGD FDQDO 

%$,/&&0$9$ 

&DQDO 'HVFULomR
&DQDO  $WLYDomRGHVDWLYDomR GR VXSHUUHGXWRU
&DQDO  $WLYDomRGHVDWLYDomR GD WUDYD GH HVWDFLRQDPHQWR
&DQDO  5HVWULomR GD YHORFLGDGH Pi[LPD GH  .PK
&DQDO  &RPSHQVDomR GD WUDQVPLVVmR GH DYDQoRUp SURJUDPiYHO

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

&DQDO   $WLYDomRGHVDWLYDomR GR VXSHUUHGXWRU


(VWH FDQDO p XVDGR SDUD VHOHFLRQDU VH D RSomR GH VXSHUUHGXWRU HVWi DWLYDGD RX GHVDWLYDGD
$SyV XP DWUDVR R YDORU DUPD]HQDGR DWXDO VHUi H[LELGR

%$,/&&0$9$ 
8VH DV WHFODV K H P SDUD DOWHUQDU HQWUH 6LP H 1mR LQGLFDQGR VH D RSomR GH VXSHUUHGXWRU HVWi DWLYDGD 6LP
RX GHVDWLYDGD 1mR 
3DUD VDOYDU D RSomR GHVHMDGD PDQWHQKD SUHVVLRQDGD D WHFOD GH QDYHJDomR K RX P DWp TXH R SDLQHO GH LQVWUX
PHQWRV HPLWD XP ELSH LQGLFDQGR TXH D VHOHomR IRL VDOYD
3UHVVLRQH D WHFOD GH GLPLQXLomR SDUD FRQWLQXDU QDYHJDQGR SHORV PHQXV ++

&DQDO   $WLYDomRGHVDWLYDomR GD WUDYD GH HVWDFLRQDPHQWR


(VWH FDQDO p XVDGR SDUD VHOHFLRQDU VH D RSomR GH WUDYD GH HVWDFLRQDPHQWR HVWi DWLYDGD RX GHVDWLYDGD
$SyV XP DWUDVR R YDORU DUPD]HQDGR DWXDO VHUi H[LELGR

%$,/&&0$9$ 
8VH DV WHFODV K H P SDUD DOWHUQDU HQWUH 6LP H 1mR LQGLFDQGR VH D RSomR GH WUDYD GH HVWDFLRQDPHQWR HVWi
DWLYDGD 6LP RX GHVDWLYDGD 1mR 
3DUD VDOYDU D RSomR GHVHMDGD PDQWHQKD SUHVVLRQDGD D WHFOD K RX P DWp TXH R SDLQHO GH LQVWUXPHQWRV HPLWD XP
ELSH LQGLFDQGR TXH D VHOHomR IRL VDOYD
3UHVVLRQH D WHFOD GH GLPLQXLomR SDUD FRQWLQXDU QDYHJDQGR SHORV PHQXV ++

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

&DQDO   5HVWULomR Pi[LPD GH YHORFLGDGH GH  .PK


(VWH FDQDO p XVDGR SDUD VHOHFLRQDU VH D  .PK RSomR GH UHVWULomR GD YHORFLGDGH Pi[LPD HVWi DWLYDGD RX GHVDWL
YDGD
$SyV XP DWUDVR R YDORU DUPD]HQDGR DWXDO VHUi H[LELGR

%$,/&&0$9$ 
8VH DV WHFODV K H P SDUD DOWHUQDU HQWUH 6LP H 1mR LQGLFDQGR VH D RSomR GH UHVWULomR GD YHORFLGDGH Pi[LPD
 .PK HVWi OLPLWDGD D  .PK 6LP RX QmR OLPLWDGD 1mR 
3DUD VDOYDU D RSomR GHVHMDGD PDQWHQKD SUHVVLRQDGD D WHFOD K RX P DWp TXH R SDLQHO GH LQVWUXPHQWRV HPLWD XP
ELSH LQGLFDQGR TXH D VHOHomR IRL VDOYD
3UHVVLRQH D WHFOD GH GLPLQXLomR SDUD FRQWLQXDU QDYHJDQGR SHORV PHQXV ++

&DQDO   &RPSHQVDomR GD WUDQVPLVVmR GH DYDQoRUp SURJUDPiYHO


$R PXGDU GH DYDQoR SDUD Up D WUDQVPLVVmR VHOHFLRQDUi QRUPDOPHQWH D PHVPD UHODomR TXH IRL VHOHFLRQDGD SDUD R
DYDQoR (VWH FDQDO SHUPLWH TXH D UHODomR GH PDUFKD j Up VHMD SURJUDPDGD SDUD VHU DWp WUrV UHODo}HV PDLRUHV RX
WUrV UHODo}HV PHQRUHV TXH D UHODomR GH DYDQoR VHOHFLRQDGD DWXDOPHQWH

 2V ERW}HV K H P VmR XVDGRV SDUD DXPHQWDU RX GLPLQXLU R YDORU GH GHVORFDPHQWR GH DYDQoRUp

‡ 8P YDORU  LQGLFD TXH VHUi XVDGD D PHVPD UHODomR GH PDUFKDV HP PDUFKD j Up TXH IRL VHOHFLRQDGD SDUD R DYDQoR

‡ 2V YDORUHV   RX  VHOHFLRQDUmR XPD UHODomR GH PDUFKD j Up   RX  UHODo}HV DFLPD GD SURSRUomR VHOHFLRQDGD


DWXDOPHQWH SDUD DYDQoR

‡ 2V YDORUHV   RX  VHOHFLRQDUmR XPD UHODomR GH PDUFKD j Up   RX  UHODo}HV DEDL[R GD SURSRUomR VHOHFLRQDGD


DWXDOPHQWH SDUD DYDQoR

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

23d®(6 '( &21752/( (/(75Ð1,&2 '$ 75$d­2 ('&


6HOHFLRQH R VXEVLVWHPD GH FRQWUROH HOHWU{QLFR GD WUDomR ('&  SUHVVLRQDQGR D WHFOD GH GLPLQXLomR

%$,/$3+$6$ 
2 PRQLWRU FHQWUDO LQIHULRU H[LELUi FK B

2 FDQDO QHFHVViULR SRGH VHU VHOHFLRQDGR XVDQGR DV WHFODV K H P

$SyV XP DWUDVR D FRQ¿JXUDomR DWXDO VHUi H[LELGD FRQVXOWH D WDEHOD DEDL[R SDUD REWHU D GHVFULomR GH FDGD FDQDO 

%$,/&&0$9$ 

&DQDO 'HVFULomR
&DQDO  'LkPHWUR GRV FLOLQGURV H[WHUQRV GH HOHYDomR KLGUiXOLFD
&DQDO  $WLYDomRGHVDWLYDomR GR FRQWUROH HOHWU{QLFR GD WUDomR ('&
&DQDO  $WLYDomRGHVDWLYDomR GR FRQWUROH GH SDWLQDJHP

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

&DQDO   'LkPHWUR GRV FLOLQGURV H[WHUQRV GH HOHYDomR KLGUiXOLFD


5ROH DWUDYpV GDV RSo}HV GLVSRQtYHLV XVDQGR DV WHFODV K RX P

$V RSo}HV GLVSRQtYHLV HVWmR HP PP 


‡ 
‡ 
‡ 

%$,/&&0$9$ 
3DUD VDOYDU D RSomR GHVHMDGD PDQWHQKD SUHVVLRQDGD D WHFOD K RX P DWp TXH R SDLQHO GH LQVWUXPHQWRV HPLWD
XP ELSH LQGLFDQGR TXH D VHOHomR IRL VDOYD
3UHVVLRQH D WHFOD GH GLPLQXLomR SDUD FRQWLQXDU QDYHJDQGR SHORV PHQXV ++

&DQDO   $WLYDomRGHVDWLYDomR GR FRQWUROH HOHWU{QLFR GD WUDomR ('&


5ROH DWUDYpV GDV RSo}HV GLVSRQtYHLV XVDQGR DV WHFODV K RX P

$V RSo}HV GLVSRQtYHLV VmR


‡ 6,0  $WLYDU FRQWUROH HOHWU{QLFR GD WUDomR ('&
‡ 1­2  'HVDWLYDomR GR FRQWUROH HOHWU{QLFR GD WUDomR ('&

%$,/&&0$9$ 
3DUD VDOYDU D RSomR GHVHMDGD PDQWHQKD SUHVVLRQDGD D WHFOD K RX P DWp TXH R SDLQHO GH LQVWUXPHQWRV HPLWD
XP ELSH LQGLFDQGR TXH D VHOHomR IRL VDOYD
3UHVVLRQH D WHFOD GH GLPLQXLomR SDUD FRQWLQXDU QDYHJDQGR SHORV PHQXV ++

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

&DQDO   $WLYDomRGHVDWLYDomR GR FRQWUROH GH GHVOL]DPHQWR


5ROH DWUDYpV GDV RSo}HV GLVSRQtYHLV XVDQGR DV WHFODV K RX P

$V RSo}HV GLVSRQtYHLV VmR


‡ 6,0  $WLYDU FRQWUROH GH GHVOL]DPHQWR
‡ 1­2  'HVDWLYDU FRQWUROH GH GHVOL]DPHQWR

%$,/&&0$9$ 
3DUD VDOYDU D RSomR GHVHMDGD PDQWHQKD SUHVVLRQDGD D WHFOD K RX P DWp TXH R SDLQHO GH LQVWUXPHQWRV HPLWD
XP ELSH LQGLFDQGR TXH D VHOHomR IRL VDOYD
3UHVVLRQH D WHFOD GH GLPLQXLomR SDUD FRQWLQXDU QDYHJDQGR SHORV PHQXV ++

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

23d®(6 '2 02725 (/(75Ð1,&2


6HOHFLRQH R VXEVLVWHPD HOHWU{QLFR GR PRWRU SUHVVLRQDQGR D WHFOD GH GLPLQXLomR

%$,/$3+$6$ 
2 PRQLWRU FHQWUDO LQIHULRU H[LELUi FK B

2 FDQDO QHFHVViULR SRGH VHU VHOHFLRQDGR XVDQGR DV WHFODV K H P

$SyV XP DWUDVR D FRQ¿JXUDomR DWXDO VHUi H[LELGD FRQVXOWH D WDEHOD DEDL[R SDUD REWHU D GHVFULomR GR FDQDO 

%$,/&&0$9$ 

&DQDO 'HVFULomR
&DQDO  7HVWH GH DXPHQWR GH SRWrQFLD GR GLQDP{PHWUR
&DQDO  2SomR GH PRGRV DXWRPiWLFRV
&DQDO  6HOHomR GD JUHOKD DTXHFHGRUD
&DQDO  6HOHomR GR DTXHFHGRU GR ¿OWUR GH FRPEXVWtYHO

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

&DQDO   7HVWH GH DXPHQWR GH SRWrQFLD GR GLQDP{PHWUR


(VWH FDQDO p XVDGR SDUD SHUPLWLU TXH R WUDWRU VHMD WHVWDGR FRP R DXPHQWR GH SRWrQFLD Pi[LPR GR GLQDP{PHWUR
127$ 2 SRZHUERRVW HVWi DWLYR VRPHQWH SDUD  PLQXWHV

5ROH DWUDYpV GDV RSo}HV GLVSRQtYHLV XVDQGR DV WHFODV K RX P

$V RSo}HV GLVSRQtYHLV VmR


‡ 6,0  $WLYDU WHVWH GH SRZHUERRVW
‡ 1­2  'HVDWLYDU WHVWH GH SRZHUERRVW

%$,/&&0$9$ 
3DUD VDOYDU D RSomR GHVHMDGD PDQWHQKD SUHVVLRQDGD D WHFOD K RX P DWp TXH R SDLQHO GH LQVWUXPHQWRV HPLWD
XP ELSH LQGLFDQGR TXH D VHOHomR IRL VDOYD
3UHVVLRQH D WHFOD GH GLPLQXLomR SDUD FRQWLQXDU QDYHJDQGR SHORV PHQXV ++

&DQDO   2SomR GH PRGRV DXWRPiWLFRV


(VWH FDQDO p XVDGR SDUD DWLYDU RX GHVDWLYDU RV PRGRV DXWRPiWLFRV GH YHtFXORV 3RU H[HPSOR PDUFKD DXWRPiWLFD
&530 H SRZHUERRVW
2V ERW}HV K H P VmR XVDGRV SDUD DOWHUQDU HQWUH 6LP H 1mR LQGLFDQGR VH PRGRV RV DXWRPiWLFRV HVWmR
DWLYDGRV VLP RX GHVDWLYDGRV QmR 

%$,/&&0$9$ 
3DUD VDOYDU D RSomR GHVHMDGD PDQWHQKD SUHVVLRQDGD D WHFOD K RX P SRU  VHJXQGR DWp TXH R SDLQHO GH
LQVWUXPHQWRV HPLWD XP ELSH LQGLFDQGR TXH D VHOHomR IRL VDOYD
3UHVVLRQH D WHFOD GH GLPLQXLomR SDUD FRQWLQXDU QDYHJDQGR SHORV PHQXV ++

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

&DQDO   6HOHomR GD JUHOKD DTXHFHGRUD


5ROH DWUDYpV GDV RSo}HV GLVSRQtYHLV XVDQGR DV WHFODV K RX P

$V RSo}HV GLVSRQtYHLV VmR


‡ <(6 6,0  *UHOKD DTXHFHGRUD LQVWDODGD
‡ 12 1­2  *UHOKD DTXHFHGRUD QmR LQVWDODGD

%$,/&&0$9$ 
3DUD VDOYDU D RSomR GHVHMDGD PDQWHQKD SUHVVLRQDGD D WHFOD K RX P DWp TXH R SDLQHO GH LQVWUXPHQWRV HPLWD
XP ELSH LQGLFDQGR TXH D VHOHomR IRL VDOYD
3UHVVLRQH D WHFOD GH GLPLQXLomR SDUD FRQWLQXDU QDYHJDQGR SHORV PHQXV ++

&DQDO   6HOHomR GR DTXHFHGRU GR ¿OWUR GH FRPEXVWtYHO


5ROH DWUDYpV GDV RSo}HV GLVSRQtYHLV XVDQGR DV WHFODV K RX P

$V RSo}HV GLVSRQtYHLV VmR


‡ <(6 6,0  $TXHFHGRU GR ¿OWUR GH FRPEXVWtYHO LQVWDODGR
‡ 12 1­2  $TXHFHGRU GR ¿OWUR GH FRPEXVWtYHO QmR LQVWDODGR

%$,/$3+$6$ 
3DUD VDOYDU D RSomR GHVHMDGD PDQWHQKD SUHVVLRQDGD D WHFOD K RX P DWp TXH R SDLQHO GH LQVWUXPHQWRV HPLWD
XP ELSH LQGLFDQGR TXH D VHOHomR IRL VDOYD
3UHVVLRQH D WHFOD GH GLPLQXLomR SDUD FRQWLQXDU QDYHJDQGR SHORV PHQXV ++

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

23d®(6 '$ 7'3 75$6(,5$


6HOHFLRQH R VXEVLVWHPD GD 7'3 SUHVVLRQDQGR D WHFOD GH ³GLPLQXLomR

%$,/$3+$6$ 
2 PRQLWRU FHQWUDO LQIHULRU H[LELUi FK B

2 FDQDO QHFHVViULR SRGH VHU VHOHFLRQDGR XVDQGR DV WHFODV K H P

$SyV XP DWUDVR D FRQ¿JXUDomR DWXDO VHUi H[LELGD FRQVXOWH D WDEHOD DEDL[R SDUD REWHU D GHVFULomR GH FDGD FDQDO 

%$,/&&0$9$ 

&DQDO 'HVFULomR
&DQDO  6HOHomR GH JHUHQFLDPHQWR GD 7'3
&DQDO  6HOHomR GRV LQWHUUXSWRUHV GR SDUDODPD GD 7'3
&DQDO  6HOHomR GD YHORFLGDGH GH TXHGD GD 7'3

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

&DQDO   6HOHomR GH JHUHQFLDPHQWR GD 7'3


(VWH FDQDO p XVDGR SDUD DWLYDomRGHVDWLYDomR GR JHUHQFLDPHQWR GD 7'3 SDUD R VLVWHPD GH FRQWUROH GD 7'3
5ROH DWUDYpV GDV RSo}HV GLVSRQtYHLV XVDQGR DV WHFODV K RX P

$V RSo}HV GLVSRQtYHLV VmR


‡ 6,0  $WLYDU JHUHQFLDPHQWR GD 7'3
‡ 1­2  'HVDWLYDU JHUHQFLDPHQWR GD 7'3

%$,/&&0$9$ 
3DUD VDOYDU D RSomR GHVHMDGD PDQWHQKD SUHVVLRQDGD D WHFOD K RX P DWp TXH R SDLQHO GH LQVWUXPHQWRV HPLWD
XP ELSH LQGLFDQGR TXH D VHOHomR IRL VDOYD
3UHVVLRQH D WHFOD GH GLPLQXLomR SDUD FRQWLQXDU QDYHJDQGR SHORV PHQXV ++

&DQDO   6HOHomR GRV LQWHUUXSWRUHV GR SDUDODPD GD 7'3


(VWH FDQDO p XVDGR SDUD DWLYDomRGHVDWLYDomR GR LQWHUUXSWRU GR SDUDODPD GD 7'3 WUDVHLUD
5ROH DWUDYpV GDV RSo}HV GLVSRQtYHLV XVDQGR DV WHFODV K RX P

$V RSo}HV GLVSRQtYHLV VmR


‡ <(6 6,0  ,QWHUUXSWRUHV GR SDUDODPD GD 7'3 WUDVHLUD DWLYDGRV
‡ 12 1­2  ,QWHUUXSWRUHV GR SDUDODPD GD 7'3 WUDVHLUD GHVDWLYDGRV

%$,/&&0$9$ 
3DUD VDOYDU D RSomR GHVHMDGD PDQWHQKD SUHVVLRQDGD D WHFOD K RX P DWp TXH R SDLQHO GH LQVWUXPHQWRV HPLWD
XP ELSH LQGLFDQGR TXH D VHOHomR IRL VDOYD
3UHVVLRQH D WHFOD GH GLPLQXLomR SDUD FRQWLQXDU QDYHJDQGR SHORV PHQXV ++

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

&DQDO   6HOHomR GD YHORFLGDGH GH TXHGD GD 7'3


(VWH FDQDO p XVDGR SDUD VHOHFLRQDU D YHORFLGDGH GR PRWRU DEDL[R GD TXDO D 7'3 VHUi GHVOLJDGD
$SyV XP DWUDVR D FRQ¿JXUDomR DWXDO VHUi H[LELGD

%$,/&&0$9$ 
8VH D WHFOD K RX P SDUD DXPHQWDU RX GLPLQXLU R DMXVWH HP  530 LQFUHPHQWRV HQWUH  ±  530
3DUD VDOYDU D RSomR GHVHMDGD PDQWHQKD SUHVVLRQDGD D WHFOD K RX P DWp TXH R SDLQHO GH LQVWUXPHQWRV HPLWD
XP ELSH LQGLFDQGR TXH D VHOHomR IRL VDOYD
3UHVVLRQH D WHFOD GH GLPLQXLomR SDUD FRQWLQXDU QDYHJDQGR SHORV PHQXV ++

23d®(6 '( %/248(,2 '2 ',)(5(1&,$/ ( 75$d­2 1$6 48$752 52'$6


6HOHFLRQH R VXEVLVWHPD GH DFLRQDPHQWR GDV URGDV SUHVVLRQDQGR D WHFOD GH GLPLQXLomR

%$,/$3+$6$ 
2 PRQLWRU FHQWUDO LQIHULRU H[LELUi FK B

2 FDQDO QHFHVViULR SRGH VHU VHOHFLRQDGR XVDQGR DV WHFODV K H P

$SyV XP DWUDVR D FRQ¿JXUDomR DWXDO VHUi H[LELGD FRQVXOWH D WDEHOD DEDL[R SDUD REWHU D GHVFULomR GH FDGD FDQDO 

%$,/&&0$9$ 

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

&DQDO 'HVFULomR
&DQDO  7LSR GR HL[R
&DQDO  6HOHomR GD WUDomR QDV TXDWUR URGDV
&DQDO  ÆQJXORV GR HL[R GLDQWHLUR
&DQDO  6HOHomR GH YHORFLGDGH GR HQJDWH GR IUHLR GH WUDomR QDV TXDWUR URGDV

&DQDO   7LSR GH HL[R


(VWH FDQDO p XVDGR SDUD VHOHFLRQDU R WLSR GH HL[R GLDQWHLUR
5ROH DWUDYpV GDV RSo}HV GLVSRQtYHLV XVDQGR DV WHFODV K RX P

$V RSo}HV GLVSRQtYHLV VmR


‡   (L[R GLDQWHLUR SDGUmR
‡   (L[R GLDQWHLUR 6XSHU6WHHU

%$,/&&0$9$ 
3DUD VDOYDU D RSomR GHVHMDGD PDQWHQKD SUHVVLRQDGD D WHFOD K RX P DWp TXH R SDLQHO GH LQVWUXPHQWRV HPLWD
XP ELSH LQGLFDQGR TXH D VHOHomR IRL VDOYD
3UHVVLRQH D WHFOD GH GLPLQXLomR SDUD FRQWLQXDU QDYHJDQGR SHORV PHQXV ++

&DQDO   6HOHomR GD WUDomR QDV TXDWUR URGDV


(VWH FDQDO p XVDGR SDUD DWLYDUGHVDWLYDU D WUDomR QDV TXDWUR URGDV
5ROH DWUDYpV GDV RSo}HV GLVSRQtYHLV XVDQGR DV WHFODV K RX P

$V RSo}HV GLVSRQtYHLV VmR


‡ 6LP  $WLYDU WUDomR QDV TXDWUR URGDV
‡ 1mR  'HVDWLYDU WUDomR QDV TXDWUR URGDV

%$,/&&0$9$ 
3DUD VDOYDU D RSomR GHVHMDGD PDQWHQKD SUHVVLRQDGD D WHFOD K RX P DWp TXH R SDLQHO GH LQVWUXPHQWRV HPLWD
XP ELSH LQGLFDQGR TXH D VHOHomR IRL VDOYD
3UHVVLRQH D WHFOD GH GLPLQXLomR SDUD FRQWLQXDU QDYHJDQGR SHORV PHQXV ++

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

&DQDO   ÆQJXORV GR HL[R GLDQWHLUR


(VWH FDQDO p XVDGR SDUD VHOHFLRQDU R kQJXOR GH GLUHomR HP TXH DV IXQo}HV GH EORTXHLR GR GLIHUHQFLDO DXWRPiWLFR H
WUDomR QDV TXDWUR URGDV DXWRPiWLFD LUmR HQJDWDU H GHVHQJDWDU

5ROH DWUDYpV GDV RSo}HV GLVSRQtYHLV XVDQGR DV WHFODV K RX P


$V RSo}HV GLVSRQtYHLV    RX  VmR PRVWUDGDV QD WDEHOD DEDL[R FRP XPD GHVFULomR GH FDGD RSomR

(L[R SDGUmR

NPK NPK NPK NPK NPK NPK NP NPK


K
7UDomR 7UDomR $XWRPi $XWRPi $XWRPi $XWRPi 7UDomR 7UDomR
QDV TXDWUR QDV TXD WLFR WLFR WLFR WLFR QDV TXD QDV TXDWUR
URGDV DX WUR URGDV %ORTXHLR %ORTXHLR %ORTXHLR %ORTXHLR WUR URGDV URGDV DX
WRPiWLFD DXWRPi GR GLIH GR GLIH GR GR GLIH DXWRPi WRPiWLFD
WLFD UHQFLDO UHQFLDO GLIHUHQFLDO UHQFLDO WLFD
*UDXV *UDXV *UDXV *UDXV *UDXV *UDXV *UDXV *UDXV
SDUD D SDUD D SDUD D SDUD D SDUD D SDUD D SDUD D SDUD D
GLUHLWD HVTXHUGD GLUHLWD HVTXHUGD GLUHLWD HVTXHUGD GLUHLWD HVTXHUGD
2SomR  ž ž ž ž ž ž ž ž
2SomR  ž ž ž ž ž ž ž ž
2SomR  ž ž ž ž ž ž ž ž
2SomR  ž ž ž ž ž ž ž ž

%$,/&&0$9$ 
3DUD VDOYDU D RSomR GHVHMDGD PDQWHQKD SUHVVLRQDGD D WHFOD K RX P DWp TXH R SDLQHO GH LQVWUXPHQWRV HPLWD XP
ELSH LQGLFDQGR TXH D VHOHomR IRL VDOYD
3UHVVLRQH D WHFOD GH GLPLQXLomR SDUD FRQWLQXDU QDYHJDQGR SHORV PHQXV ++

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

&DQDO   6HOHomR GH YHORFLGDGH GR HQJDWH GR IUHLR GH WUDomR QDV TXDWUR URGDV


(VVH FDQDO p XVDGR SDUD VHOHFLRQDU D YHORFLGDGH HIHWLYD DEDL[R GD TXDO D IUHQDJHP QDV TXDWUR URGDV QmR LUi RFRUUHU
5ROH DWUDYpV GDV RSo}HV GLVSRQtYHLV XVDQGR DV WHFODV K RX P
$V RSo}HV GLVSRQtYHLV     RX  VmR PRVWUDGDV QD WDEHOD DEDL[R FRP XPD GHVFULomR GH FDGD RSomR

2SomR  2SomR  2SomR  2SomR  2SomR 


(QJDWH GD IUHQDJHP QDV TXDWUR URGDV VH D YHORFLGDGH 3DGUmR  .PK  .PK  .PK  .PK
GD URGD IRU LJXDO RX PDLRU D  .PK

%$,/&&0$9$ 
3DUD VDOYDU D RSomR GHVHMDGD PDQWHQKD SUHVVLRQDGD D WHFOD K RX P DWp TXH R SDLQHO GH LQVWUXPHQWRV HPLWD XP
ELSH LQGLFDQGR TXH D VHOHomR IRL VDOYD
3UHVVLRQH D WHFOD GH GLPLQXLomR SDUD FRQWLQXDU QDYHJDQGR SHORV PHQXV ++

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

23d®(6 '( +76 6(48Ç1&,$ '( 9,5$'$ (0 &$%(&(,5$


6HOHFLRQH DV RSo}HV GH +76 SUHVVLRQDQGR R ERWmR GH GLPLQXLomR

%$,/$3+$6$ 
2 PRQLWRU FHQWUDO LQIHULRU H[LELUi FK B

2 FDQDO QHFHVViULR SRGH VHU VHOHFLRQDGR XVDQGR DV WHFODV K H P

$SyV XP DWUDVR D FRQ¿JXUDomR DWXDO VHUi H[LELGD

%$,/&&0$9$ 

&DQDO 'HVFULomR
&DQDO  $WLYDomR GD RSomR GH +76

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

&DQDO   $WLYDomR GD RSomR GH +76


(VWH FDQDO p XVDGR SDUD DWLYDomRGHVDWLYDomR GD RSomR GH +76
5ROH DWUDYpV GDV RSo}HV GLVSRQtYHLV XVDQGR DV WHFODV K RX P

$V RSo}HV GLVSRQtYHLV VmR


‡ 6LP  $WLYDU RSomR GH +76
‡ 1mR  'HVDWLYDU RSomR GH +76

%$,/&&0$9$ 
3DUD VDOYDU D RSomR GHVHMDGD PDQWHQKD SUHVVLRQDGD D WHFOD K RX P DWp TXH R SDLQHO GH LQVWUXPHQWRV HPLWD
XP ELSH LQGLFDQGR TXH D VHOHomR IRL VDOYD
3UHVVLRQH D WHFOD GH GLPLQXLomR SDUD FRQWLQXDU QDYHJDQGR SHORV PHQXV ++

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

+  (;,%,5 $ 9(56­2 '( 62)7:$5(


&RPXP SDUD WRGRV RV VXEVLVWHPDV

'LDJUDPD GH VHOHomR GD WHOD + 0HQX

%$,/$3+)6$ 
6HOHFLRQH R PHQX + SUHVVLRQDQGR R ERWmR GH GLPLQXLomR

%$,/$3+$6$ 

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

2 PRQLWRU FHQWUDO LQIHULRU SHUFRUUHUi DXWRPDWLFDPHQWH SHOD YHUVmR GR VRIWZDUH FRQIRUPH R H[HPSOR PRVWUDGR H
UHWRUQDUi SDUD SHUPLWLU D QDYHJDomR GRV PHQXV ++

%$,/&&0$9$ 

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

+  7(67( '( 23(5$d­2 '2 ,17(5583725


(VWH PHQX H[LEH XP GHWHUPLQDGR FyGLJR TXDQGR XPD WUDQVLomR GH LQWHUUXSWRU p GHWHFWDGD

&RPXP SDUD WRGRV RV VXEVLVWHPDV

'LDJUDPD GH VHOHomR GD WHOD + 0HQX

%$,/$3+)6$ 
6HOHFLRQH R PHQX + SUHVVLRQDQGR R ERWmR GH GLPLQXLomR

%$,/$3+$6$ 

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

2 PRQLWRU FHQWUDO LQIHULRU H[LELUi G B B

%9($ 
4XDQGR XP LQWHUUXSWRU p RSHUDGR XP FyGLJR VHUi H[LELGR H XP VLQDO VRQRUR VRDUi SDUD LQGLFDU D IXQomR FRUUHWD
6H XP FyGLJR GH LQWHUUXSWRU QmR IRU H[LELGR H R VLQDO VRQRUR QmR VRDU XP WHVWH GH PRYLPHQWR SRGH VHU H[HFXWDGR
QD ¿DomR UHODFLRQDGD DR PHVPR WHPSR HP TXH REVHUYD R PRQLWRU RX HVFXWD R VLQDO VRQRUR R TXH DMXGD D ORFDOL]DU
D IDOKD
127$ 6H R LQWHUUXSWRU GD FKDYH GD LJQLomR IRU YLUDGD SDUD D SRVLomR GH SDUWLGD FRP D DODYDQFD VHOHWRUD GH DYDQoR H
Up HP QHXWUR H R SHGDO GD HPEUHDJHP SUHVVLRQDGR p SRVVtYHO TXH RFRUUD XP HUUR GH GHVDFRUGR HQWUH LQWHUUXSWRUHV

%$,/&&0$9$ 

&DQDO &RQHFWRU GR 1~PHUR GR 'HVFULomR


FRQWURODGRU SLQR
   1HQKXP LQWHUUXSWRU DWLYDGR RX  LQWHUUXSWRUHV DWLYDGRV DR
PHVPR WHPSR
G &1%  ,QWHUUXSWRU GD ('& GR SDUDODPD H[WHUQR  DEDL[DU
G &1%  ,QWHUUXSWRU GD ('& GR SDUDODPD H[WHUQR  OHYDQWDU
G &1%  ,QWHUUXSWRU GH WUDEDOKR GR ('& LQWHUQR PRXVH  WUDEDOKDU
G &1%  ,QWHUUXSWRU GH WUDEDOKR GR ('& LQWHUQR PRXVH  OHYDQWDU
G &1$  ,QWHUUXSWRU GH WUDEDOKR GR ('& LQWHUQR HVWUXWXUD  WUDEDOKDU
G &1$  ,QWHUUXSWRU GH WUDEDOKR GR ('& LQWHUQR HVWUXWXUD  OHYDQWDU
G &1$  $UWLFXODomR GH LOXPLQDomR 1$62 GHVFRQHFWDU H UHFRQHFWDU D
XQLGDGH GR SLVFDSLVFD  QmR SDUD LOXPLQDomR ,62
G &1$  ,QWHUUXSWRU GH GHWHFomR GH SDUWLGD
' &1%  'HWHFomR GR IXVtYHO 
G &1  ,QWHUUXSWRU GR DVVHQWR
G &1  ,QWHUUXSWRU GR IUHLR GH PmR
G &1%  ,QWHUUXSWRU GR IUHLR GR Sp HVTXHUGR
G &1%  ,QWHUUXSWRU GR IUHLR GR Sp GLUHLWR
G &1$  ,QWHUUXSWRU GR SHGDO GD HPEUHDJHP
G &1%  ,QWHUUXSWRU GD DODYDQFD GH PXGDQoD  DYDQoR
G &1%  ,QWHUUXSWRU GD DODYDQFD GH PXGDQoD  Up
G &1$  ,QWHUUXSWRU GH UHGXomR GH PDUFKD GD WUDQVPLVVmR
G &1$  ,QWHUUXSWRU GH DXPHQWR GH PDUFKD GH WUDQVPLVVmR

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

&DQDO &RQHFWRU GR 1~PHUR GR 'HVFULomR


FRQWURODGRU SLQR
G &1  ,QWHUUXSWRU GD IDL[D GH WUDQVPLVVmR
G &1  ,QWHUUXSWRU GH SUHVVmR GD HPEUHDJHP GH PDUFKD j Up LQWHUUXSWRU
GH SRQWH SDUD WHVWH FRP PRWRU GHVOLJDGR
G &1  ,QWHUUXSWRU GH SUHVVmR GD HPEUHDJHP GH DYDQoR LQWHUUXSWRU GH
SRQWH SDUD WHVWH FRP PRWRU GHVOLJDGR
G &1%  ,QWHUUXSWRU QHXWUR GD WUDQVPLVVmR
G &1  ,QWHUUXSWRU GD WUDYD GH HVWDFLRQDPHQWR
G &1$  ,QWHUUXSWRU GH IDOKD GH WUDEDOKR GR ('& LQWHUQR PRXVH
G &1  ,QWHUUXSWRU /,*$'2'(6/,*$'2GH DXPHQWR GD WUDQVPLVVmR
DXWRPiWLFD
G &1$  ,QWHUUXSWRU GH SUHVVmR GR DU FRQGLFLRQDGR
G &1$  ,QWHUUXSWRU GH VXSHUUHGXWRU GH WUDQVPLVVmR
G &1$  ,QWHUUXSWRU GH SUHVVmR GR EORTXHLR GR GLIHUHQFLDO
G &1%  ,QWHUUXSWRU GH EORTXHLR GR GLIHUHQFLDO  PDQXDO
G &1%  ,QWHUUXSWRU GH EORTXHLR GR GLIHUHQFLDO  DXWRPiWLFR
G &1%  ,QWHUUXSWRU GD SUHVVmR GD WUDomR QDV TXDWUR URGDV
G &1$  ,QWHUUXSWRU GD WUDomR QDV TXDWUR URGDV  PDQXDO
G &1$  ,QWHUUXSWRU GD WUDomR QDV TXDWUR URGDV  DXWRPiWLFR
G &1  $UWLFXODomR GR FKDVVL GD ERPED GH DOWR ÀX[R
G &1$  ,QWHUUXSWRU GD 7'3 WUDVHLUD  QRUPDOPHQWH DEHUWR
G &1$  ,QWHUUXSWRU GD 7'3 WUDVHLUD  QRUPDOPHQWH IHFKDGR
G &1%  ,QWHUUXSWRU GR IUHLR GD 7'3 WUDVHLUD
G &1%  ,QWHUUXSWRU GD YHORFLGDGH HIHWLYD GD 7'3 WUDVHLUD
G &1%  ,QWHUUXSWRU GD 7'3 WUDVHLUD  DXWRPiWLFR
G &1$  ,QWHUUXSWRU GH VHTXrQFLD GH YLUDGD HP FDEHFHLUD +76  PRGR
GH SURJUDPDomR
G &1$  ,QWHUUXSWRU GH VHTXrQFLD GR +76&530
G &1%  ,QWHUUXSWRU GD SUHVVmR GR yOHR GD WUDQVPLVVmR
G &1  ,QWHUUXSWRU OLJDGHVOLJD GR &530
G &1$  ,QWHUUXSWRU GH YHORFLGDGH GR PRWRU  GLPLQXLU
G &1$  ,QWHUUXSWRU GH YHORFLGDGH GR PRWRU  DXPHQWDU
G &1%  ,QWHUUXSWRU GH VHOHomR GH &530
G &1%  3HGDO GR DFHOHUDGRU IRUD GR LQWHUUXSWRU GH PDUFKD OHQWD
G &1$  ,QWHUUXSWRU GR SDUDODPD GD 7'3 WUDVHLUD  QRUPDOPHQWH DEHUWR
G &1$  ,QWHUUXSWRU GR SDUDODPD GD 7'3 WUDVHLUD  QRUPDOPHQWH IHFKDGR
G &1  ,QWHUUXSWRU DXWRPiWLFR +76
G &1$  ,QWHUUXSWRU PDQXDO +76
G &1$  ,QWHUUXSWRU GH GHVOLJDPHQWR (+5

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

+  (;,%,d­2 '( ,1)250$d®(6 '2 9(Ë&8/2


'LDJUDPD GH VHOHomR GD WHOD + 0HQX

%$,/$3+)6$ 
6HOHFLRQH R PHQX + SUHVVLRQDQGR R ERWmR GH GLPLQXLomR

%$,/$3+$6$ 

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

2 PRQLWRU FHQWUDO LQIHULRU LUi H[LELU DOWHUQDGDPHQWH GH PDQHLUD DXWRPiWLFD FRQIRUPH R H[HPSOR
 Q~PHUR GH HQJUHQDJHQV
 9HORFLGDGH GD WUDQVPLVVmR
 3RWrQFLD GR PRWRU KS
H UHWRUQD SDUD SHUPLWLU D QDYHJDomR GRV PHQXV ++

%$,/&&0$9$ 

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

+  02'26 '( 7(67(


(VWH PHQX p XVDGR SDUD YHUL¿FDU R DMXVWH GR LQWHUUXSWRU GH GHVFRQH[mR GD HPEUHDJHP H SDUD WHVWDU RV VLQFURQL]D
GRUHV GD WUDQVPLVVmR

'LDJUDPD GH VHOHomR GD WHOD + 0HQX

%$,/$3+)6$ 
6HOHFLRQH R PHQX + SUHVVLRQDQGR R ERWmR GH GLPLQXLomR

%$,/$3+$6$ 

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

2 PRQLWRU FHQWUDO LQIHULRU H[LELUi FK B


2 FDQDO QHFHVViULR SRGH VHU VHOHFLRQDGR XVDQGR DV WHFODV K H P
$SyV XP DWUDVR D FRQ¿JXUDomR DWXDO VHUi H[LELGD FRQVXOWH D WDEHOD DEDL[R SDUD REWHU D GHVFULomR GH FDGD FDQDO 

%$,/&&0$9$ 

&DQDO 'HVFULomR
&DQDO  7HVWH GR LQWHUUXSWRU GH GHVFRQH[mR GD HPEUHDJHP
&DQDO  $MXVWH PDQXDO GD HPEUHDJHP
&DQDO  $MXVWH GH SUHHQFKLPHQWR UiSLGR PDQXDO
&DQDO  7HVWH GD SUHVVmR GD HPEUHDJHP
&DQDO  $MXVWH GR LQWHUUXSWRU GD HPEUHDJHP
&DQDO  7HVWH GR VLQFURQL]DGRU

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

&DQDO   7HVWH GR LQWHUUXSWRU GH GHVFRQH[mR GD HPEUHDJHP


(VWH FDQDO p XVDGR SDUD H[LELU D SRVLomR H R VWDWXV GR SHGDO GD HPEUHDJHP $OpP GLVVR WDPEpP H[LEH D
WHPSHUDWXUD GR yOHR

$ SRVLomR GD HPEUHDJHP p PRVWUDGD FRPR XPD SRUFHQWDJHP GR SHUFXUVR HQWUH  


‡  3HGDO GD HPEUHDJHP HVWi WRWDOPHQWH SDUD FLPD
‡  3HGDO GD HPEUHDJHP HVWi WRWDOPHQWH SDUD EDL[R

$ SRVLomR GD HPEUHDJHP WDPEpP p PRVWUDGD FRP R HVWDGR GH VHX LQWHUUXSWRU


‡ 2 ,QWHUUXSWRU GR SHGDO GD HPEUHDJHP HVWi DEHUWR
‡ & ,QWHUUXSWRU GR SHGDO GD HPEUHDJHP HVWi IHFKDGR

%$,/&&0$9$ 
6H R SHGDO GD HPEUHDJHP IRU GHL[DGR QD SRVLomR WRWDOPHQWH SDUD FLPD SRU PDLV GH  VHJXQGRV D WHPSHUDWXUD
GR yOHR VHUi H[LELGD QD SDUWH VXSHULRU GR PRQLWRU

%$,/&&0$9$ 
3UHVVLRQH D WHFOD GH GLPLQXLomR SDUD FRQWLQXDU QDYHJDQGR SHORV PHQXV ++

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

&DQDO   $MXVWH PDQXDO GD HPEUHDJHP


(VWH FDQDO p XVDGR SDUD DMXVWDU PDQXDOPHQWH H WHVWDU RV YDORUHV GH FDOLEUDomR SDUD FDGD HPEUHDJHP

6HOHFLRQH D HPEUHDJHP D VHU DMXVWDGD SUHVVLRQDQGR R SHGDO GD HPEUHDJHP H PRYHQGR D DODYDQFD VHOHWRUD GH
DYDQoR H Up

0XGDU D DODYDQFD VHOHWRUD GH DYDQoR H Up SDUD IUHQWH LUi DOWHUQDU HQWUH DV HPEUHDJHQV $ D )
&RORFDU D DODYDQFD VHOHWRUD GH DYDQoR H Up HP UHYHUVR LUi VHOHFLRQDU D HPEUHDJHP 5

%$,/$3+$6$ 
$SyV XP DWUDVR TXDQGR D HPEUHDJHP QHFHVViULD p VHOHFLRQDGD R YDORU DUPD]HQDGR DWXDO VHUi PRVWUDGR QR PRQLWRU
FHQWUDO LQIHULRU

%$,/&&0$9$ 
2V YDORUHV GH FDOLEUDomR SRGHP VHU DMXVWDGRV FRP RV ERW}HV GH DXPHQWR H GH UHGXomR

3DUD WHVWDU D FDOLEUDomR GHL[H D DODYDQFD VHOHWRUD GH DYDQoR H Up IRUD GR QHXWUR H OLEHUH WRWDOPHQWH R SHGDO GD
HPEUHDJHP 'XDV HPEUHDJHQV VHUmR DSOLFDGDV HP EDL[D SUHVVmR SDUD IRUQHFHU XP FDPLQKR GH WRUTXH DWUDYpV
GD WUDQVPLVVmR HP VHJXLGD D HPEUHDJHP TXH HVWi VHQGR DMXVWDGD VHUi DSOLFDGD HP VXD SUHVVmR QR SRQWR GH
DFRSODPHQWR GH PRGR TXH GHYH FRPHoDU D HQJDWDU

3DUD WHVWDU QRYDPHQWH D PHVPD HPEUHDJHP SUHVVLRQH R SHGDO GD HPEUHDJHP OHYHPHQWH H OLEHUHR GH QRYR

&DQDO   $MXVWH PDQXDO GR DFLRQDPHQWR UiSLGR


(VWH FDQDO p XVDGR SDUD DMXVWDU H WHVWDU RV DMXVWHV GH SUHHQFKLPHQWR UiSLGR SDUD FDGD HPEUHDJHP

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

2 YDORU GR DFLRQDPHQWR UiSLGR SRGH VHU WHVWDGR HP XP GH WUrV PpWRGRV

2V PpWRGRV GH WHVWH GR DFLRQDPHQWR UiSLGR VmR


 'XDV HPEUHDJHQV VHUmR DSOLFDGDV HP EDL[D SUHVVmR SDUD IRUQHFHU R FDPLQKR GH WRUTXH DWUDYpV GD
WUDQVPLVVmR GHSRLV D HPEUHDJHP VHQGR DMXVWDGD VHUi DFLRQDGD HP VXD SUHVVmR &$/B3B120
 8PD HPEUHDJHP VHUi DSOLFDGD HP EDL[D SUHVVmR GHSRLV XPD VHJXQGD HPEUHDJHP VHUi DSOLFDGD HP EDL[D
SUHVVmR MXQWR FRP D TXH VHUi DMXVWDGD HP VXD SUHVVmR &$/B3B120
 'XDV HPEUHDJHQV VHUmR DSOLFDGDV HP EDL[D SUHVVmR H DR PHVPR WHPSR D HPEUHDJHP VHQGR FDOLEUDGD VHUi
DFLRQDGD HP VXD SUHVVmR &$/B3B120

3DUD VHOHFLRQDU R PpWRGR GH WHVWH SUHVVLRQH R SHGDO GD HPEUHDJHP H SUHVVLRQH R LQWHUUXSWRU GH PXGDQoD SDUD
FLPD SDUD DOWHUQDU HQWUH DV RSo}HV

%$,/&&0$9$ 
6HOHFLRQH D HPEUHDJHP D VHU DMXVWDGD SUHVVLRQDQGR R SHGDO GD HPEUHDJHP H PRYHQGR D DODYDQFD VHOHWRUD GH
DYDQoR H Up
0XGDU D DODYDQFD VHOHWRUD GH DYDQoR H Up SDUD IUHQWH LUi DOWHUQDU HQWUH DV HPEUHDJHQV $ D )
&RORFDU D DODYDQFD VHOHWRUD GH DYDQoR H Up HP UHYHUVR LUi VHOHFLRQDU D HPEUHDJHP 5

%$,/$3+$6$ 

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

$SyV XP DWUDVR R FyGLJR GR VROHQRLGH GD HPEUHDJHP R YDORU DWXDO DUPD]HQDGR VHUi H[LELGR

%$,/&&0$9$ 
3DUD DMXVWDU D FRQ¿JXUDomR VROWH R SHGDO GD HPEUHDJHP H SUHVVLRQH R LQWHUUXSWRU GH PXGDQoD SDUD FLPD RX SDUD
EDL[R SDUD DOFDQoDU D FRQ¿JXUDomR QHFHVViULD

3UHVVLRQH D WHFOD GH GLPLQXLomR SDUD FRQWLQXDU QDYHJDQGR SHORV PHQXV ++

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

&DQDO   7HVWH GD SUHVVmR GD HPEUHDJHP


(VWH FDQDO p XVDGR SDUD WHVWDU D SUHVVmR SDUD FDGD HPEUHDJHP

3RVLFLRQH D DODYDQFD GH PDUFKDV QD SRVLomR GH DYDQoR

2 PRQLWRU VXSHULRU PRVWUDUi R VHJXLQWH


‡ 8 1HXWUR
‡ $ $YDQoR
2 IUHLR GH PmR GHYH HVWDU /,*$'2 VH R IUHLR GH PmR HVWLYHU QD SRVLomR '(6/,*$'2 R FyGLJR 8 VHUi
H[LELGR QR PRQLWRU

%$,/&&0$9$ 
6HOHFLRQH D HPEUHDJHP D VHU WHVWDGD SUHVVLRQDQGR R ERWmR GH DXPHQWR

%$,/$3+$6$ 
4XDQGR R SHGDO GD HPEUHDJHP IRU DFLRQDGR D SDUWLU GD SRVLomR WRWDOPHQWH OHYDQWDGD R PRQLWRU FHQWUDO LQIHULRU LUi
H[LELU $  GHSRLV $  GLPLQXLQGR SDUD $ 

%$,/&&0$9$ 
6H D SRVLomR GR SHGDO GD HPEUHDJHP IRU PHQRU TXH  HQWmR D SUHVVmR VHUi DMXVWDGD SDUD ]HUR
1D SRVLomR GR SHGDO  D SUHVVmR GD HPEUHDJHP p DMXVWDGD SDUD  EDU H DXPHQWD OLQHDUPHQWH DWp  EDU j
PHGLGD TXH R SHGDO GD HPEUHDJHP p OHYDQWDGR DWp D SRVLomR HP 

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

$FLPD GH  GR FXUVR GR SHGDO GD HPEUHDJHP D SUHVVmR p DMXVWDGD SDUD D SUHVVmR Pi[LPD GH  EDU

0DQWHQKD SUHVVLRQDGR R ERWmR GH PXGDQoD SDUD EDL[R SDUD HQHUJL]DU R VROHQRLGH GD HPEUHDJHP

&DQDO   $MXVWH GR LQWHUUXSWRU GD HPEUHDJHP


(VWH FDQDO p XPD DOWHUQDWLYD DR FDQDO  SDUD DMXVWDU R LQWHUUXSWRU GD HPEUHDJHP $ WUDQVPLVVmR HVWi DWLYDGD
QHVWH HVWDGR

&RORTXH D DODYDQFD VHOHWRUD GH DYDQoR H Up QD SRVLomR GH DYDQoR 2 PRQLWRU LUi H[LELU Q VH D DODYDQFD HVWLYHU
QD SRVLomR QHXWUD
‡ 4XDQGR R PRQLWRU H[LELU &3 DFLRQH H VROWH R SHGDO GD HPEUHDJHP
‡ 4XDQGR R SHGDO GH HPEUHDJHP IRU OLEHUDGR R PRQLWRU PRVWUDUi XP YDORU QD IDL[D  D  VH R LQWHUUXSWRU
HVWLYHU DMXVWDGR FRUUHWDPHQWH
‡ 6H R LQWHUUXSWRU HVWLYHU DMXVWDGR LQFRUUHWDPHQWH R PRQLWRU PRVWUDUi &/ H R SDUDIXVR SUHFLVDUi VHU JLUDGR QR
VHQWLGR KRUiULR RX R PRQLWRU PRVWUDUi &&/ H R SDUDIXVR SUHFLVDUi VHU JLUDGR QR VHQWLGR DQWLKRUiULR
$MXVWH R SDUDIXVR QD GLUHomR LQGLFDGD QR PRQLWRU H DFLRQH H VROWH R SHGDO GH HPEUHDJHP H UHSLWD R SURFHGLPHQWR
DWp TXH R PRQLWRU PRVWUH R YDORU FRUUHWR

&DQDO   7HVWH GR VLQFURQL]DGRU


(VWH FDQDO p XVDGR SDUD WHVWDU D RSHUDomR GRV VLQFURQL]DGRUHV LQWHUPHGLiULRGH Up H EDL[RDOWR

'r D SDUWLGD QR PRWRU FRP R FRQHFWRU GH GLDJQyVWLFR IHUUDPHQWD Qƒ  LQVWDODGR H VHOHFLRQH R FDQDO
+  +PHQX H FHUWL¿TXHVH GH TXH D WUDQVPLVVmR HVWHMD HP QHXWUR
&RP R SHGDO GD HPEUHDJHP VROWR R VLQFURQL]DGRU LQWHUPHGLiULRGH PDUFKD j Up VHUi WHVWDGR
‡ 0DQWHQKD SUHVVLRQDGR R ERWmR GH UHGXomR GH PDUFKD SDUD H[LELU D SRVLomR LQWHUPHGLiULD FRPR XPD
SRUFHQWDJHP GR PRYLPHQWR GR SRWHQFL{PHWUR 2 PRQLWRU PRVWUDUi % VHJXLGR SRU XP YDORU GH DSUR[LPDGDPHQWH

‡ 0DQWHQKD SUHVVLRQDGR R ERWmR GH DXPHQWR GH PDUFKD SDUD H[LELU D SRVLomR GH Up FRPR XPD SRUFHQWDJHP GR
PRYLPHQWR GR SRWHQFL{PHWUR 2 PRQLWRU PRVWUDUi U VHJXLGR SRU XP YDORU GH DSUR[LPDGDPHQWH 
‡ 0DQWHQKD SUHVVLRQDGRV DPERV RV ERW}HV SDUD UHWRUQDU R VLQFURQL]DGRU SDUD D SRVLomR QHXWUD 2 PRQLWRU
PRVWUDUi Q VHJXLGR SRU XP YDORU GH DSUR[LPDGDPHQWH 

&RP R SHGDO GD HPEUHDJHP SUHVVLRQDGR R VLQFURQL]DGRU EDL[RDOWR VHUi WHVWDGR


127$ VH R PRQLWRU H[LELU (UU TXDQGR R SHGDO GD HPEUHDJHP IRU DFLRQDGR HQWmR VROWH R SHGDO H FHUWL¿TXHVH GH
TXH R VLQFURQL]DGRU LQWHUPHGLiULRGH PDUFKD j Up HVWHMD QD SRVLomR QHXWUD
‡ 0DQWHQKD SUHVVLRQDGR R ERWmR GH UHGXomR GH PDUFKD SDUD H[LELU D SRVLomR %DL[D FRPR XPD SRUFHQWDJHP GR
PRYLPHQWR GR SRWHQFL{PHWUR 2 PRQLWRU PRVWUDUi $ VHJXLGR SRU XP YDORU GH DSUR[LPDGDPHQWH 
‡ 0DQWHQKD SUHVVLRQDGR R ERWmR GH DXPHQWR GH PDUFKD SDUD H[LELU D SRVLomR $OWD FRPR XPD SRUFHQWDJHP GR
PRYLPHQWR GR SRWHQFL{PHWUR 2 PRQLWRU PRVWUDUi & VHJXLGR SRU XP YDORU GH DSUR[LPDGDPHQWH 
‡ 0DQWHQKD SUHVVLRQDGRV DPERV RV ERW}HV SDUD UHWRUQDU R VLQFURQL]DGRU SDUD D SRVLomR QHXWUD 2 PRQLWRU
PRVWUDUi Q VHJXLGR SRU XP YDORU GH DSUR[LPDGDPHQWH 
6ROWH R SHGDO GH HPEUHDJHP 6H R PRQLWRU H[LELU (UU TXDQGR R SHGDO GD HPEUHDJHP IRU DFLRQDGR HQWmR
SUHVVLRQH R SHGDO H FHUWL¿TXHVH GH TXH R VLQFURQL]DGRU DOWREDL[R HVWHMD QD SRVLomR QHXWUD
6H RV YDORUHV QmR HVWLYHUHP FRQIRUPH GHWDOKDGR DFLPD LVVR SRGH LQGLFDU PRYLPHQWR LQFRUUHWR GR VLQFURQL]DGRU
5HFDOLEUH D WUDQVPLVVmR FRQVXOWH 7UDQVPLVVmR 6HPL3RZHUVKLIW  &DOLEUDU  H YHUL¿TXH RV FyGLJRV GH
IDOKD GH FDOLEUDomR 9HUL¿TXH RV FyGLJRV GH IDOKD DUPD]HQDGRV SDUD WHQWDU LGHQWL¿FDU RV HUURV H XVH R FyGLJR GH
IDOKD DGHTXDGR SDUD LGHQWL¿FDU R SUREOHPD 2 WHVWH GH SUHVVmR KLGUiXOLFD GD WUDQVPLVVmR WDPEpP SRGH DMXGDU D
LVRODU D FDXVD GR SUREOHPD &RQVXOWDU 7UDQVPLVVmR 6HPL3RZHUVKLIW  7HVWH GH SUHVVmR  

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

+  /,03$5 0(0Ï5,$ 620(17( /(,785$ 352*5$0È9(/ $3$*È9(/ (/e75,&$ ((


3520
(VWH PHQX DSDJD RV YDORUHV GH FDOLEUDomR H RV FyGLJRV GH IDOKD DUPD]HQDGRV UHGH¿QLQGR WRGRV RV YDORUHV GD
((3520 GH YROWD SDUD RV YDORUHV SDGUmR

((3520 p RQGH WRGRV RV YDORUHV GH FDOLEUDomR H FyGLJRV GH IDOKD VmR DUPD]HQDGRV (VWD PHPyULD p UHWLGD PHVPR
TXDQGR QmR Ki HQHUJLD QR FRQWURODGRU RX VHMD VH D EDWHULD HVWi GHVFRQHFWDGD

'LDJUDPD GH VHOHomR GD WHOD + 0HQX

%$,/$3+)6$ 

$9,62 6HOHFLRQDU D H[LELomR GD WHOD FRP R LGHQWL¿FDGRU GR FRQWURODGRU 5% H[LELGR UHGH¿QLUi D ((3520 HP WRGRV
RV VXEVLVWHPDV

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

6H DSHQDV XP GHWHUPLQDGR VXEVLVWHPD ((3520 SUHFLVDU VHU UHLQLFLDGR VHOHFLRQH R VXEVLVWHPD TXH H[LJH TXH D
((3520 VHMD UHLQLFLDGD SUHVVLRQDQGR R ERWmR GH GLPLQXLomR FRPR PRVWUDGR QR H[HPSOR

%$,/$3+$6$ 
2 PRQLWRU FHQWUDO LQIHULRU H[LELUi ((&/ 

%9($ 

$9,62 2 + YDL OLPSDU WRGRV RV YDORUHV GH FDOLEUDomR H RV FyGLJRV GH IDOKD DUPD]HQDGRV


127$ 6H D WHFOD P IRU OLEHUDGD DQWHV GH FRQFOXLU D FRQWDJHP UHJUHVVLYD R SURFHGLPHQWR VHUi LQWHUURPSLGR

0DQWHQKD SUHVVLRQDGD D WHFOD P SDUD FRQ¿UPDU D UHGH¿QLomR GD ((3520

2 PRQLWRU FHQWUDO LQIHULRU LUi FRQWDU UHJUHVVLYDPHQWH GH  D  H HP VHJXLGD (( VHUi H[LELGR SDUD LQGLFDU TXH D
((3520 IRL DSDJDGD

'(6/,*8( D FKDYH GH SDUWLGD

%9($ 

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

+  92/7Ë0(752
(VWH PHQX p XVDGR SDUD YHUL¿FDU D RSHUDomR GH YiULRV SRWHQFL{PHWURV IRUQHFLPHQWR GH WHQVmR H RV FLUFXLWRV GH
FRUUHQWH GH VROHQRLGH

6H XPD IDOKD LQWHUPLWHQWH IRU GHWHFWDGD HP XP FLUFXLWR XP WHVWH GH PRYLPHQWR SRGH VHU H[HFXWDGR QD ¿DomR
UHODFLRQDGD DR PHVPR WHPSR HP TXH REVHUYD R PRQLWRU HP EXVFD GH PXGDQoDV UHSHQWLQDV QRV YDORUHV R TXH
DMXGD D ORFDOL]DU D iUHD HP TXH H[LVWH XPD IDOKD
127$ 2 YHtFXOR SRGH VHU FRQGX]LGR HQTXDQWR HVWLYHU QHVWH PHQX

&RPXP SDUD WRGRV RV VXEVLVWHPDV

'LDJUDPD GH VHOHomR GD WHOD + 0HQX

%$,/$3+)6$ 

6HOHFLRQH R PHQX + SUHVVLRQDQGR R ERWmR GH GLPLQXLomR

%$,/$3+$6$ 

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

2 PRQLWRU FHQWUDO LQIHULRU H[LELUi FK B

%$,/&&0$9$ 
2 FDQDO QHFHVViULR SRGH VHU VHOHFLRQDGR XVDQGR DV WHFODV K H P
$SyV XP DWUDVR R YDORU VHUi H[LELGR &RPSDUH R YDORU H[LELGR FRP D OHLWXUD WtSLFD LQGLFDGD QD WDEHOD DEDL[R
127$ 2 YDORU p D WHQVmR RX R VLQDO GH HQWUDGD QR FRQWURODGRU ,VVR QmR SRGH VHU WUDGX]LGR GLUHWDPHQWH HP XPD
WHQVmR GHYLGR DRV SURFHVVRV LQWHUQRV GR FRQWURODGRU 8P ]HUR HTXLYDOH D  YROWV

6H R YDORU H[LELGR YDULD PDLV GH  HP UHODomR DR LQGLFDGR QD WDEHOD D VHJXLU Ki XPD IDOKD QR FRPSRQHQWH RX QR
FKLFRWH GR ¿R UHODFLRQDGR D HVVH FDQDO
127$ 9HUL¿TXH RV FRQHFWRUHV GR FLUFXLWR DIHWDGR LQFOXLQGR RV FRQHFWRUHV GR FRQWURODGRU DQWHV GH VXEVWLWXLU TXDLV
TXHU FRPSRQHQWHV

&DQDO 'HVFULomR /HLWXUD WtSLFD 1RWDV


 3RVLomR GR SHGDO GD HPEUHDJHP  VROWR  SUHVVLRQDGR
 7UDQVPLVVRU GH WHPSHUDWXUD GH WUDQVPLVVmR  HP  ƒ&
 'HWHFomR GR IXVtYHO  
  9ROW DOLPHQWDomR GR VHQVRU 
  9ROW DOLPHQWDomR GR VHQVRU 
  9ROW (QWUDGD GH 9) YHU H[SOLFDomR 
  9ROW (QWUDGD GH 9' YHU H[SOLFDomR  $ODYDQFD GH
UHYHUVmR HP DYDQoR
  9ROW (QWUDGD GH 9+ YHU H[SOLFDomR 
  9ROW (QWUDGD GH 97 YHU H[SOLFDomR 
 ,QWHUUXSWRU GR DVVHQWR  QR DVVHQWR
 IRUD GR DVVHQWR
 3RWHQFL{PHWUR GH SRVLomR GR VXSHUUHGXWRU 
 6ROHQRLGH GH HOHYDomR GD YiOYXOD GH FRQWUROH  'HVOLJDGR   /LJDGR
HOHWU{QLFR GD WUDomR
 6ROHQRLGH GH DEDL[DPHQWR GD YiOYXOD GH  'HVOLJDGR   /LJDGR
FRQWUROH HOHWU{QLFR GD WUDomR
 3RWHQFL{PHWUR GD SRVLomR GR EUDoR GH  $EDL[DGR  /HYDQWDGR
HOHYDomR
 3RWHQFL{PHWUR GH FRQWUROH GH HOHYDomR  $EDL[DGR  /HYDQWDGR
 3RWHQFL{PHWUR GH FRQWUROH GD WD[D GH UHGXomR  6HQWLGR KRUiULR  6HQWLGR
DQWLKRUiULR
 3RWHQFL{PHWUR GH FRQWUROH GR OLPLWH GH DOWXUD  6HQWLGR KRUiULR  6HQWLGR
DQWLKRUiULR
 3RWHQFL{PHWUR GR FRQWUROH GH VHQVLELOLGDGH  6HQWLGR KRUiULR  6HQWLGR
DQWLKRUiULR
 3RWHQFL{PHWUR GH FRQWUROH GR OLPLWH GH  6HQWLGR KRUiULR  6HQWLGR
SDWLQDJHP DQWLKRUiULR
 3LQR GH GHWHFomR GH FDUJD GLUHLWR  6HP LPSOHPHQWR
 3LQR GH GHWHFomR GH FDUJD HVTXHUGR  6HP LPSOHPHQWR
 3RWHQFL{PHWUR GH FRQWUROH GH FDUJD GH WUDomR  6HQWLGR KRUiULR  6HQWLGR
DQWLKRUiULR

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

&DQDO 'HVFULomR /HLWXUD WtSLFD 1RWDV


 ,QWHUUXSWRU GH OHYDQWDPHQWR GR FRQWUROH  VROWR  SUHVVLRQDGR
HOHWU{QLFR GH WUDomR HVWUXWXUD
 ,QWHUUXSWRU GH WUDEDOKR GR FRQWUROH HOHWU{QLFR  VROWR  SUHVVLRQDGR
GH WUDomR HVWUXWXUD
 &RUUHQWH GR VROHQRLGH GD HPEUHDJHP $  (QJDWDGR  'HVHQJDWDGR
 &RUUHQWH GR VROHQRLGH GD HPEUHDJHP %  (QJDWDGR  'HVHQJDWDGR
 &RUUHQWH GR VROHQRLGH GD HPEUHDJHP &  (QJDWDGR  'HVHQJDWDGR
 &RUUHQWH GR VROHQRLGH GD HPEUHDJHP '  (QJDWDGR  'HVHQJDWDGR
 &RUUHQWH GR VROHQRLGH GD HPEUHDJHP (  (QJDWDGR  'HVHQJDWDGR
 /LQKD GH IDOKD GH HOHYDomRWUDEDOKR GR  6ROWR  3UHVVLRQDGR
FRQWUROH HOHWU{QLFR GH WUDomR
 &RUUHQWH GR VROHQRLGH GD 7'3 WUDVHLUD  'HVOLJDGR   /LJDGR
 &RUUHQWH GR VROHQRLGH GR VXSHUUHGXWRU  'HVOLJDGR   /LJDGR
 &RUUHQWH GR VROHQRLGH GH IDL[DV EDL[DV  'HVOLJDGR   /LJDGR
 &RUUHQWH GR VROHQRLGH GH IDL[D PpGLD  'HVOLJDGR   /LJDGR
 &RUUHQWH GR VROHQRLGH GH IDL[DV DOWDV  'HVOLJDGR   /LJDGR
 &RUUHQWH GR VROHQRLGH GD  HQJUHQDJHP
 &RUUHQWH GR VROHQRLGH GH GHVFDUJD GD 
HQJUHQDJHP
 &RUUHQWH GR VROHQRLGH GR VLQFURQL]DGRU GH Up  'HVOLJDGR   /LJDGR
 6HQVRU GH SRVLomR GR VLQFURQL]DGRU
LQWHUPHGLiULRGH Up
 6HQVRU GH SRVLomR GR VLQFURQL]DGRU EDL[RDOWR
 ,QWHUUXSWRU GH LQWHUYDOR
 ,QWHUUXSWRU GH DYDQoR GD DODYDQFD VHOHWRUD GH  VROWR  SUHVVLRQDGR
DYDQoR H Up
 ,QWHUUXSWRU GH UHYHUVR GD DODYDQFD VHOHWRUD  VROWR  SUHVVLRQDGR
GH DYDQoR H Up
 ,QWHUUXSWRU GD WUDYD GH HVWDFLRQDPHQWR GD  7UDYD GH HVWDFLRQDPHQWR
DODYDQFD GH PXGDQoD OLJDGD  7UDYD GH
HVWDFLRQDPHQWR GHVOLJDGD
 ,QWHUUXSWRU GH PXGDQoD SDUD FLPD  VROWR  SUHVVLRQDGR
 ,QWHUUXSWRU GH PXGDQoD SDUD EDL[R  VROWR  SUHVVLRQDGR
 (QWUDGD GD SRVLomR GH PDUFKD OHQWD GR  HP PDUFKD OHQWD EDL[D  QmR
DFHOHUDGRU PDQXDO HP PDUFKD OHQWD EDL[D
 3UHVVmR GR WXUER GH HQWUDGD GR PRWRU DWUDYpV GR &$1
 6HQVRU GH SUHVVmR GR WXUER GH HQWUDGD GR DWUDYpV GR &$1
PRWRU
 6HQVRU GH WHPSHUDWXUD GR yOHR DWUDYpV GR &$1
 6HQVRU GH SUHVVmR QD JDOHULD DWUDYpV GR &$1
 6HQVRU GH WHPSHUDWXUD GR FRPEXVWtYHO DWUDYpV GR &$1
 3RWHQFL{PHWUR GR DFHOHUDGRU PDQXDO   0DUFKD OHQWD EDL[D  0DUFKD
OHQWD DOWD
 3RWHQFL{PHWUR GR DFHOHUDGRU PDQXDO   0DUFKD OHQWD EDL[D  0DUFKD
OHQWD DOWD
 3RWHQFL{PHWUR GR SHGDO GR DFHOHUDGRU  0DUFKD OHQWD EDL[D  0DUFKD
OHQWD DOWD
 -R\VWLFN GD (+5 ;
 -R\VWLFN GD (+5 <

([SOLFDo}HV

(QWUDGD 9) HVWD p D WHQVmR GH HQWUDGD QR FRQWURODGRU SDUD RV FRPSRQHQWHV GD WUDQVPLVVmR QmR GLUHWDPHQWH DIH
WDGRV SHOR LQWHUUXSWRU GR SHGDO GD HPEUHDJHP RX VHMD VROHQRLGHV GR VLQFURQL]DGRU GH PDUFKD GH DYDQoR H GH Up
VROHQRLGH GR VXSHUUHGXWRU H VROHQRLGH GD WUDomR QDV TXDWUR URGDV

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

(QWUDGD 9' HVVD p D WHQVmR GH HQWUDGD QR FRQWURODGRU SDUD RV FRPSRQHQWHV GD WUDQVPLVVmR TXH VmR DIHWDGRV SHOR
LQWHUUXSWRU GR SHGDO GD HPEUHDJHP SRU H[HPSOR RV VROHQRLGHV 3:0

(QWUDGD 9+ HVVD p D WHQVmR GH HQWUDGD QR FRQWURODGRU SDUD RV FRPSRQHQWHV GR FRQWUROH GR HVIRUoR HOHWU{QLFR SRU
H[HPSOR RV VROHQRLGHV GH HOHYDomR H DEDL[DPHQWR

(QWUDGD 97 HVWD p D WHQVmR GH HQWUDGD QR FRQWURODGRU SDUD R EORTXHLR GR GLIHUHQFLDO H GD 7'3 WUDVHLUD RX VHMD
HPEUHDJHP GD 7'3 WUDVHLUD
)UHLR GD 7'3 WUDVHLUD H VROHQRLGHV GH EORTXHLR GR GLIHUHQFLDO

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

+$  0(18 '( '(021675$d­2


8VDGR SDUD GHPRQVWUDU DXPHQWR GH SRWrQFLD GR PRWRU

'LDJUDPD GH VHOHomR GD WHOD +$ 0HQX

%$,/$3+)6$ 

6HOHFLRQH R PHQX +$ SUHVVLRQDQGR R ERWmR GH GLPLQXLomR

%$,/$3+$6$ 

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

2 PRQLWRU FHQWUDO LQIHULRU H[LELUi FK B


2 FDQDO QHFHVViULR SRGH VHU VHOHFLRQDGR XVDQGR DV WHFODV K H P

$SyV XP DWUDVR D FRQ¿JXUDomR DWXDO VHUi H[LELGD FRQVXOWH D WDEHOD DEDL[R SDUD REWHU D GHVFULomR GR FDQDO 

%$,/&&0$9$ 

&DQDO 'HVFULomR
&DQDO  'HPRQVWUDomR GH DXPHQWR GH SRWrQFLD GR PRWRU

&DQDO   'HPRQVWUDomR GH DXPHQWR GH SRWrQFLD GR PRWRU


2 DXPHQWR GH SRWrQFLD Vy VHUi DWLYR VRE DV FRQGLo}HV D VHJXLU

‡ 6HP FyGLJRV GH IDOKD QR VHQVRU RX GH FDOLEUDomR GH WRUTXH GD 7'3


‡ $ 7'3 HVWi WRWDOPHQWH HQJDWDGD
‡ 9HORFLGDGH GH DYDQoR p PDLRU TXH  .PK
‡ 9HORFLGDGH GR PRWRU p PDLRU TXH  UHYPLQ
‡ $ WHPSHUDWXUD GR OtTXLGR GH DUUHIHFLPHQWR HVWi DEDL[R GH  ƒ&
‡ $ 7'3 WHP SHOR PHQRV GH WRUTXH  1P DSOLFDGR

2 PRQLWRU FHQWUDO LQIHULRU H[LELUi 3EG GHPRQVWUDomR GH DXPHQWR GH SRWrQFLD 

'r SDUWLGD QR PRWRU H RSHUH R YHtFXOR SDUD DWLYDU R DXPHQWR GH SRWrQFLD GR PRWRU $ OkPSDGD GH DXPHQWR GH
SRWrQFLD QR $',& DFHQGHUi TXDQGR R DXPHQWR GH SRWrQFLD IRU DWLYDGR

2 DXPHQWR GH SRWrQFLD GR PRWRU IXQFLRQDUi QRUPDOPHQWH PDV R XVR GR LQWHUUXSWRU GH DMXVWH &530 OLJDUi H GHVOLJDUi
R SRZHUERRVW

,QWHUUXSWRU GH DXPHQWR GR &530  SDUD /,*$5 R DXPHQWR GH SRWrQFLD

,QWHUUXSWRU GH GLPLQXLomR GR &530  SDUD '(6/,*$5 R DXPHQWR GH SRWrQFLD


127$ $ GHPRQVWUDomR GH DXPHQWR GH SRWrQFLD VHUi GHVDWLYDGD GHSRLV GH GHVOLJDU D FKDYH GH LJQLomR

%$,/&&0$9$ 

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

+%  (;,%,5 &Ï',*26 '( )$/+$ $50$=(1$'26


(VWH PHQX p XVDGR SDUD H[LELU RV FyGLJRV GH IDOKD DUPD]HQDGRV QD ((3520 GR FRQWURODGRU

$Wp GH] FyGLJRV GH IDOKD SRGHP VHU DUPD]HQDGRV SDUD FDGD VXEVLVWHPD

&RPXP SDUD WRGRV RV VXEVLVWHPDV

'LDJUDPD GH VHOHomR GD WHOD +% 0HQX

%$,/$3+)6$ 

6HOHFLRQH R VXEVLVWHPD QHFHVViULR SUHVVLRQDQGR D WHFOD GH GLPLQXLomR FRQIRUPH R H[HPSOR PRVWUDGR

%$,/$3+$6$ 

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

2 PRQLWRU FHQWUDO LQIHULRU LUi H[LELU B B B FDVR QHQKXP FyGLJR GH IDOKD VHMD DUPD]HQDGR QR VXEVLVWHPD VHOHFLRQDGR

%$,/&&0$9$ 
2 PRQLWRU FHQWUDO LQIHULRU LUi H[LELU ) FDVR XP FyGLJR GH IDOKD VHMD DUPD]HQDGR QR VXEVLVWHPD VHOHFLRQDGR

%9)$ 

2 PRQLWRU FHQWUDO LQIHULRU LUi H[LELU DOWHUQDGDPHQWH GH PDQHLUD DXWRPiWLFD FRQIRUPH R H[HPSOR  &yGLJR GH
IDOKD
 +RUD GD SULPHLUD RFRUUrQFLD
 +RUD GD ~OWLPD RFRUUrQFLD
 4XDQWLGDGH GH RFRUUrQFLDV GD IDOKD

%$,/&&0$9$ 
3UHVVLRQH D WHFOD K RX P SDUD PXGDU SDUD R SUy[LPR FyGLJR GH IDOKD QD OLVWD

2 PRQLWRU FHQWUDO LQIHULRU LUi H[LELU B B B QR ¿QDO GD OLVWD

3UHVVLRQH D WHFOD GH GLPLQXLomR SDUD FRQWLQXDU QDYHJDQGR SHORV PHQXV ++

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

+&  /,03$5 &Ï',*26 '( )$/+$ $50$=(1$'26


'LDJUDPD GH VHOHomR GD WHOD +& 0HQX

%$,/$3+)6$ 

127$ 6HPSUH DQRWH RV FyGLJRV GH IDOKD DUPD]HQDGRV DQWHV GH DSDJiORV

6HOHFLRQH R PHQX +& SUHVVLRQDQGR R ERWmR GH GLPLQXLomR

%$,/$3+$6$ 

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

2 PRQLWRU FHQWUDO LQIHULRU H[LELUi ) &/

%9($ 

127$ 6H D WHFOD P IRU OLEHUDGD DQWHV GH FRQFOXLU D FRQWDJHP UHJUHVVLYD R SURFHGLPHQWR VHUi LQWHUURPSLGR

0DQWHQKD SUHVVLRQDGD D WHFOD P SDUD FRQ¿UPDU D OLPSH]D GD PHPyULD

2 PRQLWRU FHQWUDO LQIHULRU LUi FRQWDU UHJUHVVLYDPHQWH GH  D  H HP VHJXLGD (( VHUi H[LELGR SDUD LQGLFDU TXH RV
FyGLJRV GH IDOKD IRUDP DSDJDGRV

3UHVVLRQH D WHFOD GH GLPLQXLomR SDUD FRQWLQXDU QDYHJDQGR SHORV PHQXV ++

%9($ 

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

$7$/+26 '( &21),*85$d­2 '$ 75$160,66­2


(VWH PHQX p XVDGR FRPR XP DWDOKR SDUD DFHVVDU GLYHUVDV FRQ¿JXUDo}HV H RSo}HV SDUD D WUDQVPLVVmR
127$ (VWH PHQX QmR p DFHVVtYHO XVDQGR R LQWHUUXSWRU GH VHUYLoR

,QVLUD R PRGR FRORFDQGR D DODYDQFD GH UHYHUVmR QD SRVLomR GH DYDQoR H SUHVVLRQDQGR R LQWHUUXSWRU GD IXQomR
DXWRPiWLFD FRP D FKDYH OLJDGD FRP R SHGDO GH HPEUHDJHP OLEHUDGR

2 PRQLWRU FHQWUDO GR SDLQHO GH LQVWUXPHQWRV LUi PRVWUDU 237B  8VH DV WHFODV K H P SDUD SHUFRUUHU DV RSo}HV
GLVSRQtYHLV

4XDQGR D RSomR GHVHMDGD IRU H[LELGD D WHOD PXGDUi DSyV DOJXQV VHJXQGRV H R SURFHGLPHQWR SDUD D RSomR VHOHFLR
QDGD SRGHUi VHU H[HFXWDGR

2SFLRQDO 'HVFULomR
 *$& &ULWpULR GH DMXVWH GD HQJUHQDJHP
 /$* 0DUFKD DXWRPiWLFD SDGUmR PDLV EDL[D

*$& &ULWpULR GH DMXVWH GD HQJUHQDJHP


(VWH PRGR p XVDGR SDUD DMXVWDU R GHVORFDPHQWR SURJUDPiYHO GH UHYHUVmR GH DYDQoRUp
8VH RV ERW}HV GH DXPHQWR H UHGXomR SDUD DXPHQWDU RX GLPLQXLU R YDORU GH GHVORFDPHQWR HQWUH  H 

/$& 0DUFKD DXWRPiWLFD SDGUmR PDLV EDL[D


(VWH PRGR p XVDGR SDUD VHOHFLRQDU R SDGUmR GH PDUFKD PDLV EDL[D GLVSRQtYHO QR PRGR GH WUDQVSRUWH DXWRPiWLFR

8VH DV WHFODV K H P SDUD URODU DWp DV IDL[DV GLVSRQtYHLV GH YDORUHV HQWUH  H 

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

+(  (;,%,5 72'$6 $6 (175$'$6 '( 9(/2&,'$'(


(VWH PHQX p XVDGR SDUD YHUL¿FDU D RSHUDomR GH YiULDV HQWUDGDV GH IUHTXrQFLD
127$ 2 YHtFXOR SRGH VHU FRQGX]LGR HQTXDQWR HVWLYHU QHVWH PHQX

&RPXP SDUD WRGRV RV VXEVLVWHPDV

'LDJUDPD GH VHOHomR GD WHOD +( 0HQX

%$,/$3+)6$ 

6HOHFLRQH R PHQX +( SUHVVLRQDQGR R ERWmR GH GLPLQXLomR

%$,/$3+$6$ 

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

2 PRQLWRU FHQWUDO LQIHULRU H[LELUi FK B


2 FDQDO QHFHVViULR SRGH VHU VHOHFLRQDGR XVDQGR DV WHFODV K H P

&RQVXOWH D WDEHOD DEDL[R SDUD YHU RV FDQDLV GLVSRQtYHLV

%$,/&&0$9$ 
$SyV XP DWUDVR R YDORU VHUi H[LELGR

3UHVVLRQH D WHFOD GH GLPLQXLomR SDUD FRQWLQXDU QDYHJDQGR SHORV PHQXV ++

&DQDO 'HVFULomR /HLWXUD WtSLFD 1RWDV


 9HORFLGDGH GD URGD 
 5DGDU
 1mR XWLOL]DGR
 5RWDomR GD 7'3 WUDVHLUD  D  HUSP 
 D  HUSP (
 D  HUSP 
 1mR XWLOL]DGR
 1mR XWLOL]DGR
 6HQVRU GH YHORFLGDGH PLVWD GD 
7'3
 9HORFLGDGH GR YRODQWH GR PRWRU  D  HUSP
 D  HUSP

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

+)  (;,%,5 ,1)250$d®(6 62%5( 2 +$5':$5( '2 &21752/$'25


(VWH PHQX SHUPLWH TXH D LGHQWL¿FDomR GR KDUGZDUH D YHUVmR GR KDUGZDUH H R Q~PHUR GH LGHQWL¿FDomR GR SURGXWR
VHMDP H[LELGRV &RPXP SDUD WRGRV RV VXEVLVWHPDV

'LDJUDPD GH VHOHomR GD WHOD +) 0HQX

%$,/$3+$6$ 

6HOHFLRQH R PHQX +) SUHVVLRQDQGR R ERWmR GH GLPLQXLomR

%$,/$3+$6$ 

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

2 PRQLWRU FHQWUDO LQIHULRU SHUFRUUHUi DXWRPDWLFDPHQWH FRQIRUPH R H[HPSOR


 ,GHQWL¿FDomR GR KDUGZDUH
 9HUVmR GR KDUGZDUH
 9HUVmR GR KDUGZDUH
 9HUVmR GR KDUGZDUH
 1~PHUR GH LGHQWL¿FDomR GR SURGXWR
 1~PHUR GH LGHQWL¿FDomR GR SURGXWR
H UHWRUQD SDUD SHUPLWLU D QDYHJDomR GRV PHQXV ++

%$,/&&0$9$ 

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

0yGXOR HOHWU{QLFR  'HVFULomR HVWiWLFD


,GHQWL¿FDGRU )XQo}HV GR FRQWURODGRU
+) 3DLQHO GH LQVWUXPHQWRV DQDOyJLFRV GLJLWDLV $',& DSULPRUDGR
5% 7UDQVPLVVmR 6HPL3RZHUVKLIW FRQWUROH HOHWU{QLFR GD WUDomR ('&  7'3 WUDVHLUD WUDomR GLDQWHLUD
EORTXHLR GR GLIHUHQFLDO PRWRU
-$ 7HFODGR
.$ 'LUHomR

,1752'8d­2
2 PRGR GR PHQX ³+ ID] SDUWH GR GLDJQyVWLFR GH ERUGR IRUQHFHQGR FRQ¿JXUDomR H VXSRUWH GH GLDJQyVWLFR DWUDYpV
GRV UHFXUVRV GLVSRQtYHLV QR VLVWHPD

3DUD WHU DFHVVR j URWLQD GR PRGR GH PHQX ³+ p QHFHVViULR XVDU R LQWHUUXSWRU GH WHVWH GH GLDJQyVWLFR D IHUUDPHQWD
HVSHFLDO   QR SDLQHO GH GLDJQyVWLFR GR WUDWRU ORFDOL]DGR QD FDELQH GD FROXQD WUDVHLUD GLUHLWD

%$,/&&0$9$ 

$ WHOD GH PDWUL] GH SRQWRV GR SDLQHO GH LQVWUXPHQWRV GLJLWDO DQDOyJLFR $',&  H R PRQLWRU FHQWUDO LQIHULRU  VmR
XVDGRV SDUD LQGLFDU DV LQIRUPDo}HV GRV PHQXV ³+

%9(%B 

3URFHGLPHQWR GH QDYHJDomR GR PHQX +


&RQHFWH D IHUUDPHQWD HVSHFLDO  DR FRQHFWRU GH GLDJQyVWLFR H JLUH R LQWHUUXSWRU GH LJQLomR SDUD /,*$'2
&RP D FKDYH /,*$'$ R $',& FULDUi DXWRPDWLFDPHQWH XPD OLVWD GH FRQWURODGRUHV FRQHFWDGRV QD &$1 5HGH GH iUHD
GR FRQWURODGRU H LUi DUPD]HQiOD QD PHPyULD VRPHQWH OHLWXUD SURJUDPiYHO HOHWULFDPHQWH DSDJiYHO ((3520 
$ WHOD GH PDWUL] GH SRQWRV H[LELUi ³++ 0(18 SDUD LQGLFDU TXH R PHQX ³+ IRL DWLYDGR

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

%9($B 
3DUD QDYHJDU SHORV PHQXV + XVH DV WHFODV ³K H P SDUD URODU SDUD D HVTXHUGD H SDUD D GLUHLWD H D WHFOD GH
³GLPLQXLomR SDUD VHOHFLRQDU R FRQWURODGRU QHFHVViULR RX R PHQX ³+

7HFOD GH ³GLPLQXLomR   6HOHFLRQH

&KDYH ³K   5RODU SDUD D HVTXHUGD

7HFOD ³P   5RODU SDUD D GLUHLWD

%9(& 

7DEHOD GH FyGLJRV GH LGHQWL¿FDGRU GR FRQWURODGRU


2 FRQWURODGRU p LGHQWL¿FDGR FRP XP FyGLJR GH GXDV OHWUDV SRU H[HPSOR +$  $',& DSULPRUDGR

,GHQWL¿FDGRU )XQo}HV GR FRQWURODGRU


+$ $',& DSULPRUDGR
+% $',& EiVLFR
5% 7UDQVPLVVmR 6HPL3RZHUVKLIW FRQWUROH HOHWU{QLFR GD WUDomR ('&  7'3 WUDVHLUD WUDomR GLDQWHLUD
EORTXHLR GR GLIHUHQFLDO PRWRU
5. 6XVSHQVmR GR HL[R GLDQWHLUR YiOYXODV KLGUiXOLFDV UHPRWDV HOHWU{QLFDV WUDVHLUDV
-$ 7HFODGR
.$ 'LUHomR

6HOHFLRQH R FRQWURODGRU TXH UHTXHU GLDJQyVWLFR RX FRQ¿JXUDomR

3UHVVLRQH D WHFOD ³K SDUD PRVWUDU R SULPHLUR FyGLJR GR LGHQWL¿FDGRU GR FRQWURODGRU QD OLVWD

6H XP FRQWURODGRU QmR SXGHU VHU HQFRQWUDGR QR &$1 XP VtPEROR VHUi H[LELGR SDUD LQGLFDU TXH QmR Ki FRPXQLFDomR
HQWUH R $',& H R FRQWURODGRU VHOHFLRQDGR

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

%$,/&&0$9$ 
4XDQGR R FRQWURODGRU QHFHVViULR HVWLYHU ORFDOL]DGR QD OLVWD SUHVVLRQH D WHFOD GH ³GLPLQXLomR SDUD VHOHFLRQiOR

%9($ 
2 YLVRU PXGDUi SDUD PRVWUDU D WHOD GH VHOHomR ³++ PHQX

%$,/&&0$9$ 

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

5HFXUVRV FRPXQV GR PHQX +


2V PHQXV ³+³ FRQVLVWHP QRV VHJXLQWHV FyGLJRV GH PHQX
127$ 1HP WRGRV RV VHJXLQWHV PHQXV ³+ HVWmR GLVSRQtYHLV SDUD WRGRV RV FRQWURODGRUHV

++ 0HQX GH VHUYLoR
+ 3URFHGLPHQWRV GH FDOLEUDomR
+ ([LELU YDORUHV GH FDOLEUDomR DUPD]HQDGRV
+ &RQ¿JXUDWLRQV &RQ¿JXUDo}HV
+ ([LELU R QtYHO GH UHYLVmR GR VRIWZDUH
+ 7HVWH GH RSHUDomR GR LQWHUUXSWRU
+ ([LELomR GH LQIRUPDo}HV GR YHtFXOR
+ 0RGRV GH WHVWH GR YHtFXOR
+ $SDJDU LQIRUPDo}HV GH FDOLEUDomR DUPD]HQDGDV
+ 'LDJQyVWLFR GR YROWtPHWUR
+$ 0RGR GH GHPRQVWUDomR
+% ([LELU FyGLJRV GH IDOKD DUPD]HQDGRV
+& /LPSDU WRGRV RV FyGLJRV GH IDOKD DUPD]HQDGRV
+' $WDOKRV SDUD FRQ¿JXUDo}HV GD WUDQVPLVVmR QmR GLVSRQtYHLV XVDQGR R LQWHUUXSWRU GH VHUYLoR
+( ([LELU HQWUDGDV GH IUHTXrQFLD
+) ([LELU LQIRUPDo}HV VREUH R KDUGZDUH GR FRQWURODGRU

6tPERORV GD WHOD GH PDWUL] GH SRQWRV


 0RWRU  6LVWHPD GD 7'3

 7UDQVPLVVmR  9iOYXODV UHPRWDV


HOHWU{QLFDV

 %ORTXHLR GR GLIHUHQFLDO  6XVSHQVmR GLDQWHLUD

 &RQWUROH HOHWU{QLFR GD  7UDomR QDV TXDWUR URGDV


WUDomR ('&

  6LVWHPD GH 'LUHomR


UiSLGD

$V VHWDV SDUD D HVTXHUGD H SDUD D GLUHLWD LQGLFDP TXH Ki RXWURV PHQXV ³+ GLVSRQtYHLV

3DUD QDYHJDU SHOD OLVWD GH PHQXV ³+ XVH D WHFOD ³K SDUD URODU SDUD D HVTXHUGD H D WHFOD ³P SDUD GHVORFDU SDUD D
GLUHLWD

$ VHWD SDUD EDL[R  LQGLFD TXH Ki PDLV GH XP VXEVLVWHPD TXH XWLOL]D R PHVPR PHQX PHQX ³+ PXOWLIXQFLRQDO 

3UHVVLRQH D WHFOD GH ³GLPLQXLomR SDUD VHOHFLRQDU R PHQX ³+ QHFHVViULR

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

%$,/&&0$9$ 
2 FRQWURODGRU VHOHFLRQDGR VHUi H[LELGR QR FDQWR VXSHULRU HVTXHUGR GD WHOD GH PDWUL] GH SRQWRV  

2 PHQX ³+ VHUi H[LELGR QR FDQWR VXSHULRU GLUHLWR GD WHOD GH PDWUL] GH SRQWRV  

%$,/&&0$9$ 
$ WHOD GH VHOHomR GR PHQX ³+ VHUi H[LELGD VH R PHQX IRU FRPXP D WRGRV RV VXEVLVWHPDV RX VHMD +  7HVWH GR
LQWHUUXSWRU H +  9ROWtPHWUR

%$,/&&0$9$ 
6H R PHQX IRU HVSHFt¿FR D DSHQDV XP VXEVLVWHPD R tFRQH UHOHYDQWH VHUi H[LELGR QR FHQWUR GD WHOD GH PDWUL] GH
SRQWRV RX VHMD tFRQH GR HL[R GLDQWHLUR VXVSHQVR SDUD +$  PRGR GH GHPRQVWUDomR

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

%$,/&&0$9$ 
4XDQGR R VXEVLVWHPD IRU VHOHFLRQDGR DV VHWDV GH QDYHJDomR QmR VHUmR PDLV H[LELGDV

$ VHomR GR PRQLWRU FHQWUDO LQIHULRU $',& VHUi XVDGD SDUD H[LELU DV VHTXrQFLDV RX YDORUHV SDUD R VXEVLVWHPD VHOH
FLRQDGR

%$,/&&0$9$ 

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

127$ 3DUD YROWDU j WHOD GH VHOHomR GR PHQX ³+ GR +  &DOLEUDo}HV D FKDYH SUHFLVD VHU GHVOLJDGD ,VVR LUi
DUPD]HQDU DV FDOLEUDo}HV FRQFOXtGDV

3DUD UHWRUQDU SDUD D WHOD GH VHOHomR GR PHQX ³+ SUHVVLRQH D WHFOD GH GLPLQXLomR

%$,/&&0$9$ 

127$ 3DUD YROWDU SDUD D WHOD GH VHOHomR GR FRQWURODGRU R ³++ GHYH VHU LQGLFDGR QR FDQWR VXSHULRU GLUHLWR GD WHOD
GH PDWUL] GH SRQWRV

3DUD UHWRUQDU SDUD D WHOD GH VHOHomR GR FRQWURODGRU SUHVVLRQH D WHFOD GH ³GLPLQXLomR QRYDPHQWH

%$,/&&0$9$ 

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

0yGXORV HOHWU{QLFRV  'HVFULomR HVWiWLFD


&yGLJRV GH IDOKD H ORFDOL]DomR GH HUURV

2V WUDWRUHV SRVVXHP XP UHFXUVR GH DXWRGLDJQyVWLFR LQWHJUDGR (VWH UHFXUVR VH XWLOL]D GR PRVWUDGRU GLJLWDO GR SDLQHO
GH LQVWUXPHQWRV SDUD LQGLFDU HP IRUPDWR FRGL¿FDGR GHIHLWRV QR FLUFXLWR HOpWULFR H HOHWU{QLFR H QR PLFURSURFHVVDGRU
'HYH VHU REVHUYDGR TXH D FDSDFLGDGH GH DXWRGLDJQyVWLFR HVWi JHUDOPHQWH OLPLWDGD DR GLDJQyVWLFR GR FLUFXLWR HOpWULFR
H HOHWU{QLFR H RV FRPSRQHQWHV UHODFLRQDGRV (QWUHWDQWR Ki DOJXQV FyGLJRV TXH SRGHUmR VHU JHUDGRV VH RV FLUFXLWRV
GR LQWHUUXSWRU GH SUHVVmR QmR HVWLYHUHP IHFKDGRV GHYLGR D XPD IDOWD UHDO GH SUHVVmR KLGUiXOLFD 4XDOTXHU GHIHLWR
QRV FRPSRQHQWHV PHFkQLFRV H KLGUiXOLFRV GHYH VHU GLDJQRVWLFDGR DWUDYpV GR XVR GH WpFQLFDV FDUDFWHUtVWLFDV GH
GHVHPSHQKR H IHUUDPHQWDV FRQYHQFLRQDLV FRPR HTXLSDPHQWRV GH WHVWH GH SUHVVmR
$ GHWHFomR H D VROXomR GH SUREOHPDV H D ORFDOL]DomR GH HUURV GHYHUmR VHPSUH VHU UHDOL]DGDV HP XPD VHTXrQFLD
OyJLFD H SODQHMDGD PXLWRV HUURV DSDUHQWHPHQWH DVVRFLDGRV D FRPSRQHQWHV HOHWU{QLFRV VmR FRPXPHQWH GLDJQRV
WLFDGRV DSUHVVDGDPHQWH R TXH UHVXOWD QD VXEVWLWXLomR GH FRPSRQHQWHV FDURV 8QV SRXFRV PLQXWRV D PDLV SDUD
FRQ¿UPDU D IDOKD DSDUHQWH UHVXOWDUmR HP XP FRQVHUWR PDLV SRVLWLYR H PDLV EDUDWR
&RP R XVR GH PLFURSURFHVVDGRUHV p FRPXP TXH HVWH LWHP VHMD UHVSRQVDELOL]DGR SRU TXDOTXHU GHIHLWR PDV D YHU
GDGH p TXH HOH QRUPDOPHQWH HVWi IXQFLRQDQGR FRUUHWDPHQWH H R HUUR p GHYLGR D PDXV FRQWDWRV QRV FRQHFWRUHV
DVVRFLDGRV
&DGD FRQHFWRU HOpWULFR LOXVWUDGR H LGHQWL¿FDGR QRV GLDJUDPDV GH ¿DomR H UHIHULGR QRV SURFHGLPHQWRV GH ORFDOL]DomR
GH IDOKDV D VHJXLU WHP D PHVPD UHIHUrQFLD GH LGHQWL¿FDomR 3RU H[HPSOR XP GRV FRQHFWRUHV GR SURFHVVDGRU p
UHIHULGR FRPR &RQHFWRU & QD LOXVWUDomR H WDPEpP UHIHULGR FRPR & QR SURFHGLPHQWR GH ORFDOL]DomR GH HUURV
1R SURFHGLPHQWR GH ORFDOL]DomR GH HUURV VmR PRVWUDGRV R FRQHFWRU R SLQR H D FRU GR ¿R FRPR & SLQR  < 
6H WRGRV RV ¿RV IRUHP GD PHVPD FRU R Q~PHUR GR FLUFXLWR WDPEpP HVWDUi LQFOXtGR SDUD DX[LOLDU QD LGHQWL¿FDomR GRV
¿RV 3RU H[HPSOR & SLQR  <  ,VWR SRGH VHU H[SOLFDGR FRPR VHJXH
& 1~PHUR GR FRQHFWRU
< &RU GR ¿R
 1~PHUR GR FLUFXLWR
7RGRV RV WHVWHV VmR UHDOL]DGRV QR ODGR GR FKLFRWH GR FRQHFWRU D QmR VHU TXH HVWLYHU GHFODUDGR GR FRQWUiULR
&RQVXOWH R FDStWXOR UHOHYDQWH SDUD REWHU RV GLDJUDPDV GH ¿DomR FRPSOHWRV H VDEHU FRPR XViORV
4XDQGR R SURFHGLPHQWR GH GHWHFomR GH IDOKDV QHFHVVLWDU GH YHUL¿FDo}HV SRU FRQWLQXLGDGH XPD LQVSHomR YLVXDO GD
¿DomR GHYHUi VHU IHLWD DQWHV GD UHDOL]DomR GRV WHVWHV SDUD JDUDQWLU TXH QmR WHQKDP RFRUULGR GDQRV PHFkQLFRV
yEYLRV QR FKLFRWH HOpWULFR RX QRV FRQHFWRUHV
8P PXOWtPHWUR GH ERD TXDOLGDGH p XP LWHP HVVHQFLDO SDUD UHDOL]DU D ORFDOL]DomR GH HUURV (OH GHYHUi WHU FDSDFLGDGH
SDUD PHGLU UHVLVWrQFLDV GH SHOR PHQRV  RKPV RKPV H SDUD PHGLU D WHQVmR H D FRUUHQWH $R VH XVDU XP
PXOWtPHWUR D ERD SUiWLFD UHFRPHQGD VHOHFLRQDU XPD IDL[D DOWD H UHGX]LOD SDUD HYLWDU GDQRV DR LQVWUXPHQWR &RQVXOWH
D VHomR GH XVR %iVLFR GR 0XOWtPHWUR QHVWH FDStWXOR SDUD REWHU PDLV GHWDOKHV
$9,62 'HYHVH WRPDU FXLGDGR DR XVDU R PXOWtPHWUR VRPHQWH XVH R LQVWUXPHQWR FRQIRUPH DV LQVWUXo}HV SDUD HYL
WDU GDQRV DRV HOHPHQWRV LQWHUQRV GR PLFURSURFHVVDGRU $R YHUL¿FDU D FRQWLQXLGDGH GD ¿DomR GRV VHQVRUHV H GRV
FRPXWDGRUHV p QHFHVViULR LVRODU R PLFURSURFHVVDGRU HOHWU{QLFR H DVVHJXUDUVH GH TXH D FKDYH GH SDUWLGD HVWHMD
GHVOLJDGD SDUD HYLWDU SRVVtYHLV GDQRV PDLRUHV $ FKDYH GH SDUWLGD VRPHQWH GHYH VHU OLJDGD H R SURFHVVDGRU FRQHF
WDGR TXDQGR HVWLYHUHP GLVSRQtYHLV LQVWUXo}HV HVSHFt¿FDV QR SURFHGLPHQWR GH ORFDOL]DomR GH HUURV

6H KRXYHU D QHFHVVLGDGH GH OLPSH]D GRV FRQHFWRUHV XP VSUD\ GH FRQWDWR GHYHUi VHU XVDGR 1­2 86( 1(1+80
28752 0e72'2 3$5$ /,03$5 26 7(50,1$,6 1mR XVH XP OLPSDGRU TXH FRQWHQKD WULFORUHWLOHQR SRLV HVVH VRO
YHQWH FDXVDUi GDQRV DR FRUSR GH SOiVWLFR GR FRQHFWRU e SUHIHUtYHO R XVR GH XP OLPSDGRU FRP EDVH GH )UHRQ 7)

)(55$0(17$6 (63(&,$,6

'HVFULomR )HUUDPHQWD 1ž


.LW GH IHUUDPHQWDV SDUD FRQVHUWRV HOpWULFRV VRPHQWH SDUD D $PpULFD )1+   
GR 1RUWH
.LW GD VRQGD GH WHVWH H[FHWR SDUD D $PpULFD GR 1RUWH 

5(3$526 12 &+,&27( '2 ),2

5HSDUR WHPSRUiULR QR FKLFRWH GR ¿R


127$ 2 SURFHGLPHQWR GH FRQVHUWR D VHJXLU p DFHLWiYHO SDUD D ¿DomR &$1 %86 e LPSRUWDQWH HQWUHWDQWR DVVHJXUDU
TXH RV FRPSULPHQWRV GRV ¿RV QmR VHMDP DOWHUDGRV D SDUWLU GR RULJLQDO SRLV LVWR DIHWDUi R GHVHPSHQKR GR VLVWHPD
&$1 %86

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

2 PpWRGR D VHJXLU SDUD UHSDUDU R FKLFRWH p VRPHQWH XP H[SHGLHQWH WHPSRUiULR 2 FKLFRWH GHYH VHU VXEVWLWXtGR R
PDLV UiSLGR SRVVtYHO 1mR WHQWH UHSDUDU R FKLFRWH GH TXDLVTXHU VHQVRUHV GR VLVWHPD SRLV VmR YHGDGRV H VRPHQWH
GHYHP VHU VXEVWLWXtGRV SRU FRPSRQHQWHV QRYRV
127$ $R UHDOL]DU FRQVHUWRV QRV FDERV p LPSRUWDQWH TXH VRPHQWH VHMD XVDGD 62/'$ &20 1Ò&/(2 '( 5(6,1$
2 XVR GH RXWURV WLSRV GH VROGD SRGHUi UHVXOWDU HP PDLV GDQRV DR FDER

3DUD UHDOL]DU XP FRQVHUWR UHSDUR SURFHGD GD VHJXLQWH PDQHLUD

 /RFDOL]DU D SRUomR GDQL¿FDGD GR FDER H FRUWDU D FREHUWXUD H[WHUQD GH SURWHomR QRV GRLV ODGRV GD iUHD GDQL¿FDGD
)LJXUD 

 8VDQGR XP VROYHQWH DGHTXDGR OLPSH FHUFD GH  SROHJDGDV  PP HP FDGD H[WUHPLGDGH GD FREHUWXUD /LPSH
D FREHUWXUD FLQ]D GR FDER H RV ¿RV LQGLYLGXDLV
 (QUROH GRLV ¿RV GHVHQFDSDGRV SDUD FDGD ¿R GDQL¿FDGR FXLGDQGR SDUD FRPELQDU DV FRUHV GRV ¿RV H HQWmR VROGH
RV ¿RV XVDQGR VROGD FRP Q~FOHR GH UHVLQD ,VRODU RV ¿RV UHSDUDGRV FRP ¿WD GH LVRODPHQWR HP YLQLO )LJXUD 

 (QUROH XPD FDPDGD GH ¿WD GH LVRODPHQWR HP YLQLO DWp D FREHUWXUD FLQ]D GR FDER HP FDGD H[WUHPLGDGH GD VHomR
UHSDUDGD )D]HU XPD WLQD GH SDSHO )LJXUD  HP VHJXLGD DSOLFDU XPD PLVWXUD GH ERUUDFKD GH VLOtFLR YHGDQWH
QmR HQGXUHFHGRU VREUH D VHomR UHSDUDGD DWp DV SRQWDV GD FDSD 'HYH VHU XVDGD XPD TXDQWLGDGH GH YHGDQWH
VX¿FLHQWH SDUD SUHHQFKHU DV H[WUHPLGDGHV GD iUHD FRUWDGD

 3HUPLWD TXH R FRPSRVWR FXUH H HQWmR FREULU D iUHD FRP ¿WD GH LVRODPHQWR DWp PXLWR DOpP GH FDGD H[WUHPLGDGH GR
FRQVHUWR 8PD VREUHSRVLomR GH SHOR PHQRV  SROHJDGDV  PP GH ¿WD p QHFHVViULD HP FDGD H[WUHPLGDGH 
 $VVHJXUHVH GH TXH R FRQVHUWR HVWHMD VDWLVIDWyULR H ¿[H R FDER FRQVHUWDGR SDUD HYLWDU D UHSHWLomR GRV GDQRV
127$ (VWH p VRPHQWH XP UHSDUR WHPSRUiULR $VVHJXUHVH GH TXH R FDER GDQL¿FDGR VHMD VXEVWLWXtGR ORJR TXH IRU
SRVVtYHO SDUD HYLWDU D HQWUDGD GH iJXD RX GH SURGXWRV TXtPLFRV

%2 

6XEVWLWXLomR GH )LR GR &KLFRWH (OpWULFR

6H XP ¿R GHQWUR GR FKLFRWH HVWLYHU VHP FRQGLo}HV GH UHSDUR RX IRU XP FLUFXLWR DEHUWR XP ¿R GH OLJDomR SRGHUi VHU
LQVWDODGR FRPR XP UHSDUR WHPSRUiULR DWp TXH XP QRYR FRQMXQWR GR FKLFRWH SRVVD VHU LQVWDODGR 8VDU R SURFHGLPHQWR
D VHJXLU SDUD LQVWDODU XP ¿R DGLFLRQDO

 /RFDOL]H R ¿R GHIHLWXRVR XVDQGR RV SURFHGLPHQWRV GHVFULWRV QDV WDEHODV GH FyGLJRV GH IDOKD


 'HVFRQHFWH RV FRQHFWRUHV DIHWDGRV
 6H HVWLYHU LQVWDODGD HQUROH FXLGDGRVDPHQWH SDUD WUiV D YHGDomR HQWUH R FRQHFWRU H D FREHUWXUD H[WHUQD GR FKLFRWH
HOpWULFR
 5HPRYD RV SLQRV GRV EORFRV FRQHFWRUHV GR ¿R DIHWDGR XVDQGR D IHUUDPHQWD GH UHPRomR DGHTXDGD HQFRQWUDGD
QR NLW GH UHSDUR GR FKLFRWH
127$ 8VH DV LQVWUXo}HV IRUQHFLGDV FRP R NLW SDUD DVVHJXUDU D UHPRomR FRUUHWD GR SLQR

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

%2 

6HOHFLRQH R SLQR FRUUHWR SDUD RV FRQHFWRUHV GR NLW GH 8QD R QRYR ¿R QRV QRYRV SLQRV FRQIRUPH GHVFULWR QR
UHSDUR GR FKLFRWH 2EWHQKD ORFDOPHQWH R ¿R FRP D VHomR NLW GH UHSDUR GR FKLFRWH H LQVWDOH XP GRV SLQRV HP VHX
WUDQVYHUVDO FRUUHWD H PHoD R FRPSULPHQWR QHFHVViULR FRQHFWRU
VHJXLQGR D SDVVDJHP GR FKLFRWH
6H IRU SRVVtYHO WHQWH SDVVDU R ¿R QRYR SRU GHQWUR 3DUD DVVHJXUDU TXH R FRQVHUWR WHYH HIHLWR YHUL¿FDU
GD FREHUWXUD H[WHUQD GR FKLFRWH H[LVWHQWH VH LVVR D FRQWLQXLGDGH GR ¿R QRYR XVDQGR XP PXOWtPHWUR
QmR IRU SRVVtYHO SDVVH R ¿R SHOR ODGR GR FKLFRWH DGHTXDGR
HOpWULFR ¿[DQGRR D LQWHUYDORV UHJXODUHV FRP DPDUUDV
DGHTXDGDV &RP R ¿R FRUUHWDPHQWH SDVVDGR LQVWDOH
R VHJXQGR WHUPLQDO HP VHX EORFR FRQHFWRU &RORFDU D
YHGDomR GH YROWD QR FRQHFWRU VH WLYHU VLGR UHPRYLGD

127$ (VWH p VRPHQWH XP UHSDUR WHPSRUiULR $VVHJXUHVH GH TXH R FDER GDQL¿FDGR VHMD VXEVWLWXtGR ORJR TXH IRU
SRVVtYHO SDUD HYLWDU D HQWUDGD GH iJXD RX GH SURGXWRV TXtPLFRV

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

%2 

2 08/7Ë0(752 ',*,7$/
127$ (VWD VHomR SUHWHQGH DSHQDV VHU JXLD JHUDO SDUD R XVR GH XP PXOWtPHWUR GLJLWDO 6HPSUH FRQVXOWDU R PDQXDO
GR RSHUDGRU GR IDEULFDQWH SDUD D RSHUDomR FRUUHWD

8P PXOWtPHWUR p XP GLVSRVLWLYR HOHWU{QLFR GH PHGLomR 2V GLIHUHQWHV WLSRV GH PHGLo}HV TXH SRGHP VHU UHDOL]DGDV
GHSHQGHP GD PDUFD H GR PRGHOR GR PXOWtPHWUR $ PDLRULD GRV WLSRV GH PXOWtPHWUR WHP D FDSDFLGDGH GH PHGLU

‡ &RUUHQWH $ FD RX FF
‡ 5HVLVWrQFLD ȍ
‡ 7HQVmR 9 FD RX FF
‡ &RQWLQXLGDGH WHVWH GH =XPELGR

2V PXOWtPHWURV PDLV FDURV WrP RXWUDV IXQo}HV FRPR D FDSDFLGDGH GH PHGLU D IUHTXrQFLD +] H WHVWDU GLRGRV

%2 

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

2SHUDomR *HUDO
$QWHV GH SURVVHJXLU FRP XP WHVWH GHFLGLU R TXH VHUi PHGLGR 7HQVmR &RUUHQWH HWF  *LUH R PRVWUDGRU DWp TXH R
SRQWHLUR HVWHMD GHQWUR GD iUHD GHVHMDGD +i GLIHUHQWHV HVFDODV GHQWUR GH FDGD iUHD $ HVFDOD TXH HVWLYHU VHOHFLRQDGD
UHSUHVHQWDUi R YDORU Pi[LPR TXH R PXOWtPHWUR SRGHUi LQGLFDU 6HPSUH VHOHFLRQH XPD HVFDOD TXH VHMD PDLRU GR TXH
R YDORU D PHGLU (P FDVR GH G~YLGD TXDQWR DR YDORU D VHU PHGLGR VHPSUH VHOHFLRQH D HVFDOD PDLV DOWD H GHSRLV
UHGX]D D HVFDOD TXDQWR WLYHU XPD LGHLD GR YDORU PHGLGR

%2 

3RU TXH H[LVWHP HVFDODV GLIHUHQWHV"


4XDQWR PDLV SUy[LPD HVWLYHU D HVFDOD GR YDORU PHGLGR PDLV SUHFLVD VHUi D OHLWXUD SRU H[HPSOR VH IRU PHGLU D WHQVmR
GH XPD EDWHULD FRP D HVFDOD DMXVWDGD SDUD  9 R PRVWUDGRU SRGHUi LQGLFDU  9 (QWUHWDQWR VH D HVFDOD HVWLYHU
DMXVWDGD SDUD  9 R PRVWUDGRU SRGHUi LQGLFDU XPD OHLWXUD PDLV SUHFLVD GH  9


%2 

0HGLomR GH 7HQVmR 9 
$MXVWDU R PRVWUDGRU GH IDL[DV SDUD 9 &$ RX && &RQHFWH D VRQGD GH WHVWH SUHWD DR WHUPLQDO &20 H D SRQWD GH
WHVWH YHUPHOKD DR WHUPLQDO 9ȍ &RORTXH DV VRQGDV GH WHVWH QR FRPSRQHQWH D VHU PHGLGR FRP R FLUFXLWR FRPSOHWR
IHFKDGR  )D]HU D OHLWXUD GR YDORU QR PRVWUDGRU

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

%2 

0HGLomR GH FRUUHQWH $ 
$MXVWDU R PRVWUDGRU GH IDL[DV SDUD FRUUHQWH &$ RX && 4XDQGR IRU PHGLU XPD FRUUHQWH GH DWp  DPSV FRQHFWH D
VRQGD GH WHVWH YHUPHOKD DR WHUPLQDO $ 4XDQGR IRU PHGLU XPD FRUUHQWH GH DWp  DPSV FRQHFWDU D VRQGD GH
WHVWH YHUPHOKD DR WHUPLQDO  $ 6HPSUH FRQHFWH D VRQGD GH WHVWH SUHWD DR WHUPLQDO &20 4XDQGR IRU PHGLU D
FRUUHQWH VHPSUH DEUD R FLUFXLWR H FRQHFWH R PXOWtPHWUR HP VpULH FRP R FLUFXLWR )D]HU D OHLWXUD GR YDORU QR PRVWUDGRU
127$ SDUD ¿QV GH SURWHomR RV PXOWtPHWURV JHUDOPHQWH WrP XP IXVtYHO GH 2$

%2 

0HGLomR GH UHVLVWrQFLD 2KPV 


$MXVWDU R PRVWUDGRU GH IDL[D SDUD D SRVLomR 4 GHVHMDGD &RQHFWH D VRQGD GH WHVWH YHUPHOKD DR WHUPLQDO 9ȍ
&RQHFWH D VRQGD GH WHVWH SUHWD DR WHUPLQDO &20 6H D UHVLVWrQFLD D VHU PHGLGD HVWLYHU FRQHFWDGD D XP FLUFXLWR
GHVOLJDU D DOLPHQWDomR GR FLUFXLWR &RQHFWDU DV VRQGDV GH WHVWH DR SRQWR GH PHGLomR H ID]HU D OHLWXUD GR YDORU QR
PRVWUDGRU

%2 

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

7HVWH GH FRQWLQXLGDGH =XPELGR 


$MXVWH R PRVWUDGRU GH IDL[D SDUD D SRVLomR %X]] =XPELU  &RQHFWH D VRQGD GH WHVWH YHUPHOKD DR WHUPLQDO 9ȍ
&RQHFWH D VRQGD GH WHVWH SUHWD DR WHUPLQDO &20 &RQHFWH DV VRQGDV GH WHVWH DR SRQWR GH PHGLomR (P JHUDO VH
D UHVLVWrQFLD IRU LQIHULRU D  RKP VRDUi XP ]XPELGR LQGLFDQGR FRQWLQXLGDGH

%2 

1RWD RV ]XPELGRV HP PXOWtPHWURV GLIHUHQWHV VRDUmR D YDORUHV {KPLFRV GLIHUHQWHV GHSHQGHQGR GD TXDOLGDGH GR
PXOWtPHWUR ,VVR SRGH PXLWDV YH]HV OHYDU D HUURV 3RU H[HPSOR DR YHUL¿FDU XP SRQWR FRUURtGR GH DWHUUDPHQWR 8P
PXOWtPHWUR GH EDL[D TXDOLGDGH SRGHUi VRDU XP ]XPELGR D  RKP LQGLFDQGR FRQWLQXLGDGH H QHQKXP SUREOHPD
4XDQGR VH XVD XP PXOWtPHWUR GH PHOKRU TXDOLGDGH SDUD UHDOL]DU R PHVPR WHVWH HOH QmR VRDULD GHYLGR j DOWD UHVLV
WrQFLD $R ID]HU HVVHV WHVWHV GHYHVH VHPSUH YHUL¿FDU R YDORU GD UHVLVWrQFLD H SUHVWDU DWHQomR DR VLQDO VRQRUR
8PD ERD FRQH[mR RIHUHFH SRXFD UHVLVWrQFLD
8PD FRQH[mR UXLP RIHUHFH DOWD UHVLVWrQFLD

%2 

5(6802
$R PHGLU 
7HQVmR 9 
&RQHFWH SHOR FRPSRQHQWH FRP R FLUFXLWR IHFKDGR
&RUUHQWH $ 
&RQHFWDU HP VpULH FRP R FLUFXLWR &LUFXLWR IHFKDGR
5HVLVWrQFLD ȍ 
&RQHFWH SHOR FRPSRQHQWH FRP R FLUFXLWR DEHUWR
&RQWLQXLGDGH =XPELGR 
&RQHFWH R PXOWtPHWUR SHOR FRPSRQHQWH FRP R FLUFXLWR DEHUWR 6HPSUH YHUL¿TXH R YDORU GD UHVLVWrQFLD

352&(',0(1726 '( 7(67(6 (/e75,&26

6HUmR QHFHVViULRV TXDWUR WHVWHV HOpWULFRV SDUD UHVROYHU DGHTXDGDPHQWH SUREOHPDV GH TXHVW}HV HOpWULFDV QR YHtFXOR
&DGD WHVWH p GHVFULWR HP GHWDOKHV $VVHJXUDUVH GH TXH WRGDV DV HWDSDV VHMDP UHYLVDGDV H FXPSULGDV DR VH UHDOL]DU
R WHVWH

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

 7HVWH GH &RQWLQXLGDGH &XUWR FRP R PDVVD


 0HGLomR GH WHQVmR FXUWR FRP  YROWV
 7HVWH GH UHVLVWrQFLD HP WRGRV RV FRPSRQHQWHV
 7HVWH GH FRQWLQXLGDGH &LUFXLWRV DEHUWRV

352&(',0(172 '( 7(67( (/e75,&2  7(67( '( &217,18,'$'(  (0 &8572 &20 2 7(55$

&21',d®(6 3$5$ $ 5($/,=$d­2 '26 7(67(6

 $OLPHQWDomR '(6/,*$'$ FKDYH GH FRQWDWR '(6/,*$'$ jV YH]HV D EDWHULD GHVFRQHFWDGD RX XP IXVtYHO UHPR
YLGR VH HVWLYHU HVSHFL¿FDGR QR SURFHGLPHQWR 
 2V FRQHFWRUHV GH FDGD H[WUHPLGDGH RX H[WUHPLGDGHV GR FLUFXLWR GHVFRQHFWDGRV SDUD HYLWDU OHLWXUDV IDOVDV
 $MXVWH R PXOWtPHWUR SDUD PHGLU D UHVLVWrQFLD RX RKPV H PHoD D UHVLVWrQFLD GR FLUFXLWR 8VH R ¿R SUHWR SDUD ID]HU
FRQWDWR FRP XPD SHoD GH PHWDO ODPLQDGR QR FKDVVL FRPR XPD FROXQD GH SDUWLGD DX[LOLDU VH LQVWDODGD 9HUL¿TXH
VH D VXSHUItFLH GD SHoD QmR HVWi FRUURtGD 8VH R ¿R YHUPHOKR GR PXOWtPHWUR SDUD WRFDU RV SLQRV GR FRQHFWRU XP
GH FDGD YH] H HYLWH FRQWDWR FRP D FDL[D GH FRQHFWRUHV GH PHWDO
 'HWHUPLQH VH D UHVLVWrQFLD PHGLGD HVWi GHQWUR GDV GLUHWUL]HV HVSHFL¿FDGDV QR SURFHGLPHQWR  ±  RKPV LQGLFD
XP FXUWR GLUHWR FRP R WHUUD GR FKDVVL H GHYH VHU ORFDOL]DGR H UHSDUDGR *HUDOPHQWH DV UHVLVWrQFLDV PDLV DOWDV
LQGLFDP FDPLQKRV GH FLUFXLWR SHORV PyGXORV H TXH XP FRQHFWRU DGLFLRQDO GHYHUi VHU GHVFRQHFWDGR SDUD D UHDOL
]DomR GR WHVWH 0DLV GH . RKPV LQGLFD TXH R FLUFXLWR HVWi OLYUH GH FXUWRV FRP R WHUUD

352&(',0(172 '( 7(67( (/e75,&2  0(',d­2 '( 7(16­2 28 &8572 &20 $ $/,0(17$d­2 326,7,9$
'( 92/76

&21',d®(6 3$5$ $ 5($/,=$d­2 '26 7(67(6 '( &8572 &20 $ $/,0(17$d­2 326,7,9$

 &KDYH GH FRQWDWR /,*$'$ jV YH]HV '(6/,*$'$ VH HVWLYHU HVSHFL¿FDGR QR SURFHGLPHQWR 


 &RQHFWRUHV QD H[WUHPLGDGH GR VHQVRU GR LQWHUUXSWRU RX GR SRWHQFL{PHWUR GHVFRQHFWDGRV 7RGRV RV RXWURV FR
QHFWRUHV GHYHUmR VHU UHFRQHFWDGRV SDUD UHDOL]DU R WHVWH
 $MXVWH R PXOWtPHWUR SDUD PHGLU && 92/76 H PHoD D WHQVmR GR FLUFXLWR FRQIRUPH D LOXVWUDomR 8VH R ¿R YHUPHOKR
GR PXOWtPHWUR SDUD WRFDU RV SLQRV GR FRQHFWRU XP GH FDGD YH] H HYLWH FRQWDWR FRP D FDL[D GH FRQHFWRUHV GH
PHWDO 8VH R ¿R SUHWR SDUD ID]HU FRQWDWR FRP XPD SHoD GH PHWDO ODPLQDGR QR FKDVVL FRPR XPD FROXQD GH SDUWLGD
DX[LOLDU VH LQVWDODGD 9HUL¿TXH VH D VXSHUItFLH GD SHoD QmR HVWi FRUURtGD
 'HWHUPLQH VH D WHQVmR PHGLGD HVWi GHQWUR GDV GLUHWUL]HV HVSHFL¿FDGDV QR SURFHGLPHQWR

352&(',0(172 '( 7(67( (/e75,&2  7(67( '( 5(6,67Ç1&,$ 3$5$ 3(d$6 (/e75,&$6

&21',d®(6 3$5$ $ 5($/,=$d­2 '2 7(67( '( 5(6,67Ç1&,$

 'HVFRQHFWDU D SDUWH GR WUDWRU GHVFRQHFWDQGR RV FRQHFWRUHV HOpWULFRV SDUD H[SRU R FRQHFWRU GR FRQMXQWR GD SDUWH
SDUD R WHVWH
 $MXVWDU R PXOWtPHWUR HOpWULFR SDUD PHGLU D UHVLVWrQFLD RX 2KPV H LQVHULU DV VRQGDV GH WHVWH QRV FRQHFWRUHV GRV
WHUPLQDLV HVSHFL¿FDGRV QR SURFHGLPHQWR $R YHUL¿FDU RV SRWHQFL{PHWURV PHoD GR WHUPLQDO GR OLPSDGRU DWp FDGD
XP GRV RXWURV WHUPLQDLV HQTXDQWR *,5$ 2 (,;2 '2 327(1&,Ð0(752 ,VVR JDUDQWLUi TXH QHQKXP SRQWR DEHUWR
HVFDSH GD GHWHFomR 4XDQGR IRU YHUL¿FDU RV LQWHUUXSWRUHV JLUDWyULRV RX GR EDODQFLP DFLRQH R LQWHUUXSWRU HQTXDQWR
PHGH FLUFXLWRV DEHUWRV H HP FXUWR
 &RPSDUH RV YDORUHV PHGLGRV FRP RV YDORUHV HVSHFL¿FDGRV QRV SURFHGLPHQWRV GH FyGLJR GH IDOKD 3HUPLWD  SRU
FHQWR GH WROHUkQFLD GH IDL[D D PDLV RX D PHQRV SDUD WRGDV DV PHGLGDV

352&(',0(172 '( 7(67( (/e75,&2  7(67( '( &217,18,'$'(  9(5,),&$5 6( +È &,5&8,726 $%(5
726

&21',d®(6 3$5$ $ 5($/,=$d­2 '26 7(67(6 '( &217,18,'$'(

 &KDYH GH FRQWDWR '(6/,*$'$ jV YH]HV GHVFRQHFWDU D EDWHULD RX WLUDU IXVtYHLV 


 &RQHFWRUHV GRV GRLV ODGRV GR FLUFXLWR GHVFRQHFWDGRV 7RGRV RV RXWURV FRQHFWRUHV GHYHUmR VHU UHFRQHFWDGRV
SDUD UHDOL]DU R WHVWH

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

 $MXVWH R PXOWtPHWUR SDUD PHGLU D UHVLVWrQFLD RX RKPV H PHoD D UHVLVWrQFLD GR FLUFXLWR FRQIRUPH D LOXVWUDomR 8VH
R ¿R YHUPHOKR GR PXOWtPHWUR SDUD WRFDU RV SLQRV GR FRQHFWRU XP GH FDGD YH] H HYLWH FRQWDWR FRP D FDL[D GH
FRQHFWRUHV GH PHWDO 8VH XP ¿R SUHWR SDUD ID]HU FRQWDWR FRP R SLQR GR FRQHFWRU QD RXWUD H[WUHPLGDGH GR FLUFXLWR
(YLWH R FRQWDWR FRP RXWURV SLQRV QR FRQHFWRU H FRP D FDL[D GH FRQHFWRUHV VH HVWD IRU GH PHWDO
 'HWHUPLQH VH D UHVLVWrQFLD PHGLGD HVWi GHQWUR GDV GLUHWUL]HV HVSHFL¿FDGDV QR SURFHGLPHQWR 6H D UHVLVWrQFLD
QmR IRU PDLRU GR TXH  ±  RKPV R FLUFXLWR HVWi FRQWtQXR 0DLV UHVLVWrQFLD QRUPDOPHQWH LQGLFD WHUPLQDLV VXMRV
RX FRUURtGRV QRV FRQHFWRUHV H . RKPV RX PDLV LQGLFDP XP FLUFXLWR DEHUWR

&20321(17(6 '( &,5&8,72  '(6&5,d­2 %È6,&$

',6326,7,926 '( 3527(d­2 '26 &,5&8,726

2V GLVSRVLWLYRV GH SURWHomR GRV FLUFXLWRV VmR XVDGRV SDUD SURWHJHU D FDEODJHP H RV FRPSRQHQWHV GH FRUUHQWH H[
FHVVLYD 6mR LQVWDODGRV WUrV WLSRV GLIHUHQWHV GH SURWHomR QRV WUDWRUHV 'RLV GHOHV IXVtYHLV H OLJDo}HV IXVtYHLV VmR
DWXDOPHQWH XVDGRV HQTXDQWR TXH RV GLVMXQWRUHV QmR VmR PDLV XVDGRV

%2 

)86Ë9(,6

2V IXVtYHLV SURWHJHP RV FLUFXLWRV FRP SHGDoRV ¿QRV GH PHWDO TXH VH DTXHFHP H GHUUHWHP SDUD DEULU R FLUFXLWR TXDQGR
Ki PXLWD FRUUHQWH ÀXLQGR DWUDYpV GHOHV
2V IXVtYHLV VmR XVDGRV SDUD SURWHJHU R FLUFXLWR FRQWUD VREUHFDUJD ,VVR SRGHUi RFRUUHU QR FDVR GH XP FXUWRFLUFXLWR
RX SHOD FRQH[mR GH HTXLSDPHQWRV TXH GHPDQGHP XPD FRUUHQWH PDLRU GR TXH D FRUUHQWH SURMHWDGD SDUD R FLUFXLWR
VXSRUWDU
+i YiULRV WLSRV GH IXVtYHLV PDV WRGRV FRQVLVWHP HP XP FRQGXWRU GH PHWDO TXH p FDSD] GH VXSRUWDU XPD FRUUHQWH
OLPLWDGD 6H D FRUUHQWH HVSHFL¿FDGD IRU H[FHGLGD R FRQGXWRU GH PHWDO DTXHFHUi GHPDLV ID]HQGR FRP TXH GHUUHWD H
TXHEUH ,VVR FDXVDUi XP FLUFXLWR DEHUWR
$ FODVVL¿FDomR GR IXVtYHO HVWi UHODFLRQDGD FRP D FRUUHQWH TXH R IXVtYHO SRGH VXSRUWDU FRQWLQXDPHQWH
6H XP IXVtYHO TXHLPDU HOH GHYHUi VHU VXEVWLWXtGR SRU XP IXVtYHO FRP D FODVVL¿FDomR FRUUHWD H VH TXHLPDU QRYD
PHQWH D FDXVD GHYHUi VHU LQYHVWLJDGD

%6($ 

',6326,7,926 '( &21752/( '26 &,5&8,726

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

$OJXQV GRV FRPSRQHQWHV HP XP FLUFXLWR VmR XVDGRV SDUD LQWHUURPSHU H GLUHFLRQDU R ÀX[R GD FRUUHQWH VHMD SRU DomR
GR RSHUDGRU RX DXWRPDWLFDPHQWH 2V FRPXWDGRUHV GH FRUUHQWH FRP RV TXDLV YRFr GHYH HVWDU PDLV IDPLOLDUL]DGR VmR
RV LQWHUUXSWRUHV

%2 

,17(5583725(6

2V LQWHUUXSWRUHV VmR XPD SDUWH LPSRUWDQWH GR FLUFXLWR HOpWULFR SRLV IRUQHFHP XP PRGR GH FRQWURODU R FLUFXLWR 8P
LQWHUUXSWRU SRGH FRQWURODU YiULRV FLUFXLWRV HOpWULFRV DR PHVPR WHPSR ,VVR p REWLGR SRU PHLR GH YiULDV FRQH[}HV
VHSDUDGDV HRX LQWHUUXSWRUHV FRP P~OWLSORV FRQHFWRUHV YiULDV SRVLo}HV GR LQWHUUXSWRU 
+i YiULRV WLSRV GH LQWHUUXSWRUHV H HOHV SRGHP LQFRUSRUDU XPD OX] GH DGYHUWrQFLD
2V LQWHUUXSWRUHV SRGHP VHU WmR VLPSOHV FRPR DTXHOHV XVDGRV SDUD OLJDU XPD OkPSDGD GR LPSOHPHQWR RX FRPSOH[RV
FRPR DTXHOHV XVDGRV SDUD RSHUDU RV VLVWHPDV GH SDUWLGD H LOXPLQDomR $ YHUL¿FDomR GD RSHUDomR GRV LQWHUUXSWRUHV
JHUDOPHQWH p DSHQDV XPD TXHVWmR GH VH WHVWDU D DOLPHQWDomR GH HQWUDGD QR LQWHUUXSWRU H D DOLPHQWDomR GH VDtGD
QRV FRQWDWRV DSURSULDGRV TXDQGR R LQWHUUXSWRU p DFLRQDGR
8P GRV WLSRV GH LQWHUUXSWRUHV PDLV FRPXQV p R LQWHUUXSWRU GH SUHVVmR )LJ   XP LQWHUUXSWRU DEHUWR RX IHFKDGR
SHOD SUHVVmR GH XP ÀXLGR 8P H[HPSOR GHVWH WLSR GH LQWHUUXSWRU p R LQWHUUXSWRU GH SUHVVmR GR yOHR GR PRWRU XP
GLVSRVLWLYR VLPSOHV GH OLJDUGHVOLJDU TXH VH DEUH RX IHFKD TXDQGR D SUHVVmR GR yOHR YDL DFLPD GH  SVL

%2 

3,6&$3,6&$6

2V SLVFDSLVFDV IXQFLRQDP DXWRPDWLFDPHQWH SDUD LQWHUURPSHU H FRQHFWDU R ÀX[R GH FRUUHQWH $ VXD RSHUDomR p
VHPHOKDQWH j GRV GLVMXQWRUHV GHVFULWD DQWHULRUPHQWH
8QLGDGHV SLVFDSLVFD SRGHP VHU XP GLVSRVLWLYR PHFkQLFR RQGH XP HOHPHQWR DTXHFHGRU DTXHFH XPD WLUD ELPHWiOLFD
$ WLUD VH GREUD DEULQGR R FRQWDWR FRP D IRQWH GH DOLPHQWDomR 4XDQGR HVIULD D WLUD ELPHWiOLFD ID] QRYDPHQWH FRQWDWR
H R SURFHVVR FRPHoD QRYDPHQWH RX FRPR p PDLV FRPXP DJRUD p XPD XQLGDGH GH HVWDGR VyOLGR RQGH D PXGDQoD
p IHLWD DWUDYpV GRV FRPSRQHQWHV HOpWULFRV

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

%2 

',2'26

$OJXQV FRPSRQHQWHV XVDP XP PDWHULDO VHPLFRQGXWRU DR LQYpV GH SHoDV PyYHLV SDUD GLUHFLRQDU D FRUUHQWH 2V
GLRGRV SRU H[HPSOR SHUPLWHP TXH D FRUUHQWH ÀXD VRPHQWH HP XPD GLUHomR
(OHV VmR HVVHQFLDLV SDUD FRQYHUWHU D FRUUHQWH DOWHUQDGD TXH XP DOWHUQDGRU SURGX] HP FRUUHQWH GLUHWD TXH RV FRP
SRQHQWHV GR VLVWHPD HOpWULFR GR WUDWRU XVDP

%2 

',6326,7,926 '( 5(6,67Ç1&,$

9iULRV FRPSRQHQWHV HOpWULFRV VH DOWHUDP RX XVDP D HOHWULFLGDGH HP VXD UHVLVWrQFLD DR ÀX[R GD FRUUHQWH 2V UHVLV
WRUHV VmR FRPSRQHQWHV TXH VmR JHUDOPHQWH XVDGRV SDUD UHJXODU D DOLPHQWDomR GH WHQVmR H GH FRUUHQWH SDUD RXWURV
FRPSRQHQWHV HOpWULFRV
(P DOJXQV FDVRV R SURSyVLWR GD UHVLVWrQFLD HP XP FLUFXLWR HOpWULFR p GH IRUQHFHU OX] RX FDORU $V OkPSDGDV H RV
DFHQGHGRUHV GH FLJDUURV VmR H[HPSORV $V OkPSDGDV FRQYHUWHP D HOHWULFLGDGH HP OX] H RV LVTXHLURV D FRQYHUWHP
HP FDORU 7DQWR DV OkPSDGDV TXDQWR RV LVTXHLURV XVDP R PHVPR SULQFtSLR ItVLFR RX D /HL GH 2KPV

%2 

327(1&,Ð0(7526

2V SRWHQFL{PHWURV VmR UHVLVWRUHV YDULiYHLV TXH GHSHQGHP GH PRYLPHQWRV PHFkQLFRV SRU H[HPSOR PRYLPHQWR GH
ÀXWXDomR ODWHUDO SDUD YDULDU D UHVLVWrQFLD GR FRPSRQHQWH H SRUWDQWR DOWHUDU D WHQVmR GH VDtGD

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

3DUD SRGHU YHUL¿FDU D RSHUDomR FRUUHWD GH XP SRWHQFL{PHWUR D UHVLVWrQFLD GHYHUi VHU PHGLGD QDV SRVLo}HV PtQLPD
H Pi[LPD H XPD PXGDQoD VXDYH H FRQWtQXD GH UHVLVWrQFLD GHYHUi VHU REVHUYDGD HQWUH DV GXDV &RPR D UHVLVWrQFLD
YDULD FRP D WHPSHUDWXUD DV HVSHFL¿FDo}HV GH WHVWH VmR JHUDOPHQWH IRUQHFLGDV D  ƒ&

%2 

',6326,7,926 (/(7520$*1e7,&26

(P JHUDO HOHV XVDP XP FDPSR HOHWURPDJQpWLFR FULDGR SHOD FRUUHQWH TXH ÀXL SDUD GHVORFDU SHoDV PHWiOLFDV GHQWUR
GRV FRPSRQHQWHV

5(/e6

2 UHOp p XP LQWHUUXSWRU HOHWURPDJQpWLFR TXH XVD XPD SHTXHQD TXDQWLGDGH GH FRUUHQWH SDUD OLJDU H GHVOLJDU XPD
TXDQWLGDGH PDLRU
4XDQGR R RSHUDGRU IHFKD XP LQWHUUXSWRU D FRUUHQWH ÀXL SHOR FLUFXLWR GH FRQWUROH GR UHOp 1HVWH FLUFXLWR Ki ¿RV HQUR
ODGRV HP YROWD GH XP Q~FOHR GH IHUUR TXH HVWi ¿[R QR OXJDU YHU D )LJ  
$ FRUUHQWH WUDQVIRUPD R Q~FOHR HP XP HOHWURtPm 2 Q~FOHR HQWmR DWUDL XP EUDoR TXH SRVVXL XP SRQWR GH FRQWDWR
4XDQGR R SRQWR QR EUDoR ID] FRQWDWR FRP R SRQWR HVWDFLRQiULR D FRUUHQWH ÀXL SHOR FLUFXLWR GH DOLPHQWDomR
2V UHOpV VmR EDVLFDPHQWH LQWHUUXSWRUHV RSHUDGRV SRU HOHWULFLGDGH (OHV VmR XVDGRV SDUD OLJDUGHVOLJDU XP FLUFXLWR
GH PDQHLUD VHPHOKDQWH D XP LQWHUUXSWRU PDQXDO
+i GRLV FLUFXLWRV FRQHFWDGRV D XP UHOp

‡ 8P FLUFXLWR GH WUDEDOKR TXH p OLJDGRGHVOLJDGR SHOR UHOp H IRUQHFH D DOLPHQWDomR SDUD R HTXLSDPHQWR D VHU DFLR
QDGR SRU H[HPSOR OkPSDGDV VROHQRLGHV HWF
‡ 8P FLUFXLWR GH FRQWUROH OLJDGRGHVOLJDGR SRU LQWHUUXSWRUHV PDQXDLV XVDGR SDUD RSHUDU R UHOp

$ SDUWH GR UHOp TXH HVWi FRQHFWDGD DR FLUFXLWR GH FRQWUROH FRQVLVWH HP XPD ERELQD GH XP HOHWURtPm 4XDQGR R
FLUFXLWR GH FRQWUROH p GHVOLJDGR RV FRQWDWRV VmR PDQWLGRV VHSDUDGRV SRU XPD PROD GH UHWRUQR 4XDQGR R FLUFXLWR GH
FRQWUROH p OLJDGR XPD FRUUHQWH ÀXL SHOD ERELQD H XPD IRUoD PDJQpWLFD p SURGX]LGD (VVD IRUoD TXH p PDLRU TXH D
SUHVVmR GD PROD MXQWD RV FRQWDWRV GR UHOp DFLRQDQGR R FLUFXLWR GH WUDEDOKR

%2 
8P VLVWHPD LQWHUUXSWRUUHOp WHP GXDV YDQWDJHQV SULQFLSDLV VREUH XP LQWHUUXSWRU VLPSOHV

‡ $ FRUUHQWH TXH ÀXL SHOR LQWHUUXSWRU QmR p D PHVPD TXH WRGD D FRUUHQWH QHFHVViULD SDUD RSHUDU R HTXLSDPHQWR
PDV JHUDOPHQWH p XPD FRUUHQWH PHQRU LVVR SHUPLWH R XVR GH LQWHUUXSWRUHV PHQRUHV H PDLV EDUDWRV
‡ $ GLVWkQFLD GD DOLPHQWDomR DR HTXLSDPHQWR SRGH VHU GLPLQXtGD DR Pi[LPR SDUD PLQLPL]DU D TXHGD GH WHQVmR

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

+i YiULRV WLSRV GH UHOpV (OHV SRGHP VHU QRUPDOPHQWH DEHUWRV RX QRUPDOPHQWH IHFKDGRV (OHV SRVVXHP FLUFXLWRV
HOHWU{QLFRV LQWHUQRV SDUD GDUOKHV FDUDFWHUtVWLFDV HVSHFLDLV GH RSHUDomR 3RU H[HPSOR HOHV SRGHP OLJDUGHVOLJDU R
LQWHUUXSWRU D LQWHUYDORV UHJXODUHV UHOp SLVFDSLVFD  VHU VHQVtYHLV j FRUUHQWH WHPSHUDWXUD HWF $ FREHUWXUD GR UHOp
JHUDOPHQWH IRUQHFH LQIRUPDo}HV VREUH DV FDUDFWHUtVWLFDV GR UHOp
1D FREHUWXUD GR UHOp QRUPDOPHQWH Ki  RX  PDUFDo}HV GH WHUPLQDLV

‡  WHUPLQDO GH HQWUDGD GLUHWR GR SRVLWLYR GD EDWHULD QRUPDOPHQWH OLJDGR


‡  WHUPLQDO GH VDtGD GD ERELQD JHUDOPHQWH DR WHUUD
‡  WHUPLQDO GH VDtGD GD ERELQD
‡  WHUPLQDO GH VDtGD SDUD FRQWDWRV QRUPDOPHQWH IHFKDGRV
‡ D WHUPLQDO GH VDtGD SDUD FRQWDWRV QRUPDOPHQWH DEHUWRV

2V UHOpV PDUURQV VmR UHOpV QRUPDOPHQWH DEHUWRV H RV D]XLV VmR QRUPDOPHQWH IHFKDGRV

%2 

62/(12,'(6

2V VROHQRLGHV  IXQFLRQDP GH PRGR PXLWR VHPHOKDQWH DRV UHOpV H[FHWR SHOR Q~FOHR GH IHUUR TXH QmR p ¿[R
&RPR UHVXOWDGR DV ERELQDV GH FRQWUROH ID]HP FRP TXH R Q~FOHR GH IHUUR VH GHVORTXH
1R VLVWHPD GH SDUWLGD SRU H[HPSOR R PRYLPHQWR GHVVH Q~FOHR p XVDGR SDUD HQYLDU JUDQGHV TXDQWLGDGHV GH FRUUHQWH
SDUD R PRWRU GH SDUWLGD
8P VROHQRLGH p EDVLFDPHQWH XPD ERELQD DR UHGRU GH XP Q~FOHR GH IHUUR 1R FHQWUR GR Q~FOHR Ki XP rPEROR TXH
VH PRYLPHQWD OLYUHPHQWH SHOR Q~FOHR 4XDQGR XPD FRUUHQWH HOpWULFD SDVVD SHOD ERELQD p SURGX]LGD XPD IRUoD
HOHWURPDJQpWLFD TXH ID] FRP TXH R rPEROR VH PRYLPHQWH SHOR Q~FOHR 6H D FRUUHQWH IRU GHVOLJDGD D IRUoD PDJQpWLFD
p LQWHUURPSLGD H R rPEROR UHWRUQD SHOD DomR GH XPD PROD

%2 
2 rPEROR GR VROHQRLGH SRGH WHU XVRV GLIHUHQWHV R PDLV FRPXP p HIHWXDU R PRYLPHQWR GH XP FDUUHWHO KLGUiXOLFR RX
GH XPD DODYDQFD PHFkQLFD
2 XVR GH VROHQRLGHV SDUD FRQWURODU D SUHVVmR KLGUiXOLFD DR LQYpV GDV YiOYXODV KLGUiXOLFDV p DOWDPHQWH UHFRPHQGDGR
VHPSUH TXH KRXYHU XPD GLVWkQFLD JUDQGH HQWUH R SDLQHO GH FRQWUROH H D YiOYXOD DFLPD GH  PHWURV RX VH IRU
UHTXHULGD XPD DomR UiSLGD
8PD ERELQD GHYHUi

‡ 6HU QmR VHQVtYHO D YLEUDo}HV

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

‡ 7HU XPD RSHUDomR VLOHQFLRVD


‡ $SUHVHQWDU XPD DPSOD IUHTXrQFLD GH DWLYDomR  D  YH]HV SRU VHJXQGR
‡ 'HYH VHU SRVVtYHO GH HQFDL[iOR HP TXDOTXHU SRVLomR
‡ 6HU LVRODGR GH PRGR D IXQFLRQDU FRUUHWDPHQWH HP XPD DPSOD IDL[D GH WHPSHUDWXUDV  ƒ& D  ƒ& H HP
FRQGLo}HV GH DOWD XPLGDGH

2V (5526 0$,6 &20816 TXH SRGHP RFRUUHU VmR

‡ &XUWRFLUFXLWR QDV ERELQDV VH XPD VHomR GD ERELQD SHUPLWLU TXH D FRUUHQWH SDVVH GLUHWDPHQWH GR WHUPLQDO SRVLWLYR
 SDUD R QHJDWLYR  VHP SDVVDU SHODV ERELQDV RFRUUHUi D TXHLPD GR IXVtYHO GR FLUFXLWR FRUUHVSRQGHQWH
‡ %RELQD URPSLGD SURYRFDQGR XP FLUFXLWR DEHUWR QmR SHUPLWLUi D SDVVDJHP GD FRUUHQWH SHOD ERELQD ORJR R VROH
QRLGH QmR IXQFLRQDUi
‡ ÇPEROR HPSHUUDGR HRX FRPSRQHQWHV FRQHFWDGRV  R VROHQRLGH VRPHQWH PRYLPHQWDUi R rPEROR VH WRGRV RV
FRPSRQHQWHV WLYHUHP PRYLPHQWDomR OLYUH

9È/98/$6 62/(12,'(6 3:0

6HPSUH TXH IRU QHFHVViULR IRUQHFHU XP FRQWUROH SURSRUFLRQDO jV YiOYXODV VROHQRLGHV p PXLWR PHOKRU XVDU XP SULQ
FtSLR GH RSHUDomR GHQRPLQDGR PRGXODomR GD ODUJXUD GH SXOVR 3:0  $ 3:0 p XP VLQDO GH WHQVmR && YDULiYHO
XVDGR SDUD FRQWURODU DV YiOYXODV VROHQRLGHV 2 VLQDO GH WHQVmR p SXOVDGR H OLJD H GHVOLJD YiULDV YH]HV SRU VHJXQGR
D XPD IUHTXrQFLD FRQVWDQWH GH  +] D XPD WHQVmR GH DOLPHQWDomR FRQVWDQWH GH  9

%2 
2V SURFHVVDGRUHV FRQWrP WUDQVLVWRUHV TXH UHFHEHP XPD WHQVmR GH HQWUDGD FRQVWDQWH TXH p OLJDGD H GHVOLJDGD
SDUD DWLQJLU D IDL[D GH HQWUDGD YDULiYHO $VVLP D XQLGDGH GH FRQWUROH HOHWU{QLFR FRQVHJXH OLPLWDU R PRYLPHQWR GD
DUPDGXUD GH PRGR TXH R ÀX[R GH VDtGD KLGUiXOLFD GR VROHQRLGH VHMD SURSRUFLRQDO j WHQVmR PpGLD && $ WHQVmR
PHQRU WDPEpP SHUPLWH DR VROHQRLGH RSHUDU FRP PHQRU PDJQHWLVPR UHVLGXDO GH PRGR TXH R FLUFXLWR WRGR IXQFLRQH
GH PDQHLUD PDLV XQLIRUPH
2 QtYHO GR VLQDO GD WHQVmR '& YDULiYHO p GHWHUPLQDGR SHOD YDULDomR GD GXUDomR GR SXOVR /,*$'2 HP UHODomR DR
SXOVR '(6/,*$'2 YHU )LJ   $ UD]mR HQWUH R WHPSR /,*$'2 H R WHPSR GR FLFOR p FKDPDGD GH FLFOR GH WUDEDOKR
H p H[LELGD FRPR XPD SRUFHQWDJHP GH XP FLFOR FRPSOHWR
&RP UHI j )LJ  RV GLDJUDPDV  D  PRVWUDP R LQWHUYDOR RSHUDFLRQDO QRUPDO GD YiOYXOD 3:0 H R GLDJUDPD 
PRVWUD VRPHQWH D SURJUDPDomR LQLFLDO GH  9 H R WHPSR GH HQFKLPHQWR 2V GLDJUDPDV QD FROXQD $ PRVWUDP R
VLQDO GD WHQVmR HQYLDGR SDUD D YiOYXOD HQTXDQWR TXH D FROXQD % PRVWUD D SUHVVmR GD PROD UHOHYDQWH H D FROXQD &
D OHLWXUD HP XP YROWtPHWUR FRQHFWDGR j YiOYXOD VROHQRLGH
2 GLDJUDPD  PRVWUD D SRVLomR '(6/,*$'$ QmR Ki GLUHFLRQDPHQWR GH VLQDO SDUD D YiOYXOD R TXH VLJQL¿FD TXH
QmR Ki SUHVVmR DOJXPD QD PROD GD YiOYXOD H UHVXOWD HP XPD OHLWXUD GH WHQVmR ]HUR 2 DXPHQWR GR FLFOR GH WUDEDOKR
SURYRFD DOJXPD SUHVVmR QR FLUFXLWR 'LDJUDPD   R TXH UHVXOWD HP XP DXPHQWR QD OHLWXUD GR YROWtPHWUR 2 GLDJUDPD
 PRVWUD R VLQDO Pi[LPR XVDGR GXUDQWH D DWLYLGDGH QRUPDO GD YiOYXOD R VHX FLFOR GH WUDEDOKR p GH FHUFD GH  R
TXH UHVXOWD HP XPD SUHVVmR GH PROD GXUDQWH D PHWDGH GD VXD RSHUDomR H XPD L  YROWQGLFDomR GH FRUUHQWH &&
PpGLD GH 
2 FLUFXLWR HOpWULFR SDUD RV VROHQRLGHV SRGH VHU YHUL¿FDGR DWUDYpV GR XVR GH XP YROWtPHWUR DQDOyJLFR RX GLJLWDO R TXH
LQGLFDUi DV OHLWXUDV GD WHQVmR PpGLD

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

%2 

6(1625(6

8P VHQVRU p R FRPSRQHQWH SULPiULR HP XPD FDGHLD GH PHGLomR TXH FRQYHUWH D YDULiYHO GH HQWUDGD WHPSHUDWXUD
FDSDFLWkQFLD UHOXWkQFLD HP XP VLQDO DGHTXDGR SDUD VHU PHGLGR $ UHODomR HQWUH D YDULiYHO GH HQWUDGD H R VLQDO
PHGLGR p XPD FDUDFWHUtVWLFD GR VHQVRU
1D FDGHLD GH PHGLomR PHQFLRQDGD DFLPD R VLQDO p ¿OWUDGR H WUDWDGR SDUD TXH SRVVD VHU DGDSWDGR SDUD R VHX XVR
(OH FRQVLVWH HP WUrV HOHPHQWRV R SUySULR VHQVRU R FRQYHUVRU TXH FRQYHUWH R VLQDO GH VDtGD GR VHQVRU QD PDLRULD
GRV FDVRV HP XP VLQDO HOpWULFR  H R FRQGLFLRQDGRU TXH WUDQVIRUPD R VLQDO GH VDtGD GR FRQYHUVRU GD PDQHLUD PDLV
DGHTXDGD *HUDOPHQWH R WHUPR VHQVRU LQGLFD WRGD D FRUUHQWH GH PHGLomR

6(1625(6 '( 7(03(5$785$

*HUDOPHQWH EDVHDGRV HP XP FLUFXLWR VLPSOHV FRP XP WHUPLVWRU 8P WHUPLVWRU p XP UHVLVWRU TXH DOWHUD D VXD UHVLV
WrQFLD GH DFRUGR FRP D WHPSHUDWXUD
+i GRLV JUXSRV GH WHUPLVWRUHV 17& FRH¿FLHQWH GH WHPSHUDWXUD QHJDWLYD H 37& FRH¿FLHQWH GH WHPSHUDWXUD SRVL
WLYD  1R SULPHLUR FDVR TXDQWR PDLV DOWD D WHPSHUDWXUD PDLV EDL[D VHUi D UHVLVWrQFLD H SDUD R 37& TXDQWR PDLV
DOWD D WHPSHUDWXUD PDLV DOWD VHUi D UHVLVWrQFLD 2V 17& JHUDOPHQWH VmR XVDGRV FRPR VHQVRUHV SDUD LQGLFDU D WHP
SHUDWXUD GH ÀXLGRV FRPR R OtTXLGR GH DUUHIHFLPHQWR GR PRWRU
8P H[HPSOR GHVWHV WLSRV GH WUDQVPLVVRUHV p R WUDQVPLVVRU GH WHPSHUDWXUD GR OtTXLGR GH DUUHIHFLPHQWR $V PXGDQoDV
HP VXD UHVLVWrQFLD TXH YDULD FRP D WHPSHUDWXUD VmR HQYLDGDV SDUD R SDLQHO GH LQVWUXPHQWRV TXH RSHUD R JUi¿FR
GH EDUUDV H RV LQGLFDGRUHV GH DGYHUWrQFLD GH DFRUGR

%2 

75$160,6625 '( 35(66­2

8P WUDQVPLVVRU GH SUHVVmR UHFHEH XP VLQDO GH DOLPHQWDomR H YDULD GH DFRUGR FRP D SUHVVmR GR yOHR  8P H[HPSOR
p R WUDQVPLVVRU GD SUHVVmR GR yOHR TXH UHFHEH XP VLQDO GH  YROW H YDULD GH DFRUGR FRP D SUHVVmR GR yOHR 2 SDLQHO
GH LQVWUXPHQWRV DFRPSDQKD HVWDV YDULDo}HV H DOWHUD DV OHLWXUDV H DV DGYHUWrQFLDV GH DFRUGR

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

%2 

6(1625 '( 9(/2&,'$'(

2 VHQVRU GH YHORFLGDGH p XP VHQVRU GH UHOXWkQFLD WtSLFR 8P H[HPSOR p R WUDQVPLVVRU GH YHORFLGDGH GR HL[R TXH
HVWi LQVWDODGR QD WUDQVPLVVmR H UHFHEH SXOVRV GDV HQJUHQDJHQV FRQWDQGR RV GHQWHV GD HQJUHQDJHP 2 WUDQVPLVVRU
XVD XPD ERELQD GH FROHWD SUy[LPD GR DFRSODPHQWR GD WUDomR QDV TXDWUR URGDV $ DomR GD HQJUHQDJHP SUy[LPD DR
FROHWRU FULD SXOVRV TXH VmR HQYLDGRV SDUD R SDLQHO GH LQVWUXPHQWRV 2 SDLQHO GH LQVWUXPHQWRV FRQYHUWH D IUHTXrQFLD
GRV SXOVRV HP YHORFLGDGH HIHWLYD
3RVVtYHLV HUURV RFRUUHP GHYLGR D YLEUDomR H FLUFXLWRV DEHUWRV

%2 

75$160,6625 '( 1Ë9(/ '( )/8,'2

(OH RSHUD DWUDYpV GD YDULDomR GD UHVLVWrQFLD DWUDYpV GR PRYLPHQWR GH ÀXWXDomR 8P H[HPSOR p R WUDQVPLVVRU GH
QtYHO GH FRPEXVWtYHO

%2 

0Ï'8/26 (/(75Ð1,&26

2V PyGXORV HOHWU{QLFRV VmR DV FDL[DV SUHWDV TXH IRUQHFHP FRQWUROH SDUD PXLWDV GDV IXQo}HV GR WUDWRU (VWDV IXQ
o}HV SRGHP YDULDU GH DFRUGR FRP DV RSo}HV LQVWDODGDV QR WUDWRU

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

+i XP SURFHVVDGRU GHQWUR GHVVDV FDL[DV SUHWDV D SDUWH SHQVDQWH GR PyGXOR H GHQWUR GH DOJXPDV GHODV Ki XPD
RX PDLV PHPyULDV TXH SRGHP SHUPLWLU TXH R PyGXOR DUPD]HQH YDORUHV GH FDOLEUDomR D FRQ¿JXUDomR GR YHtFXOR
TXDLV IHUUDPHQWDV H GLVSRVLWLYRV RSFLRQDLV HVWmR LQVWDODGRV H RV FyGLJRV GH HUUR

%6(%B 
8P SURFHVVDGRU WHP XPD VpULH GH SLQRV TXH VmR FRQWDWRV HOpWULFRV YHU )LJ   +i WUrV WLSRV GH SLQRV SULQFLSDLV
SDUD DV HQWUDGDV GRV VLQDLV SDUD DV VDtGDV H SDUD D DOLPHQWDomR GR SURFHVVDGRU
2 SURFHVVDGRU DV PHPyULDV H D OLJDomR HQWUH HOHV D SDUWLU GR KDUGZDUH GR PyGXOR VXD SDUWH ³ItVLFD´
(QWmR Ki D QHFHVVLGDGH GH VRIWZDUH SDUD OLGDU FRP D FRPXQLFDomR HQWUH R SURFHVVDGRU H DV PHPyULDV H SDUD JH
UHQFLDU RV YiULRV VLQDLV TXH HQWUDP H VDHP GR SURFHVVDGRU 2 VRIWZDUH p SURMHWDGR SDUD RSHUDU GH PDQHLUD GLIHUHQWH
SDUD FDGD PyGXOR H p FKDPDGR GH FyGLJR IXQFLRQDO

%2 
8PD OLJDomR GH GDGRV HP VpULH p XP WLSR GH FRPXQLFDomR QD TXDO RV GDGRV VmR HQYLDGRV SRU XP ~QLFR ¿R GH
PRGR TXH DV LQIRUPDo}HV UHODFLRQDGDV D GLIHUHQWHV IXQo}HV GR PHVPR SURFHVVDGRU VHMDP HQYLDGDV SDUD R SDLQHO
GH LQVWUXPHQWRV HP PRPHQWRV GLIHUHQWHV
3DUD IRUQHFHU XP FRQWUROH FRQWtQXR GRV FRPSRQHQWHV R SURFHVVDGRU YDUUH FRQWLQXDPHQWH WRGDV DV HQWUDGDV HP
XP PRGR GH FRPSDUWLOKDPHQWR GH WHPSR FRP FDGD FLFOR GXUDQGR 2 PV ,VWR VLJQL¿FD TXH WRGRV RV FRPSRQHQWHV
FRQWURODGRV SHOR SURFHVVDGRU VmR YHUL¿FDGRV XP D XP H TXH FDGD FRPSRQHQWH p YHUL¿FDGR  YH]HV SRU VHJXQGR
2V PyGXORV HOHWU{QLFRV VmR IUHTXHQWHPHQWH UHVSRQVDELOL]DGRV SHOD PDLRULD GRV SUREOHPDV QRV WUDWRUHV PRGHUQRV
HQTXDQWR TXH HVWmR FHUWDPHQWH GHQWUH DV SDUWHV PDLV SURWHJLGDV GR WUDWRU 1D YHUGDGH RV SLQRV GRV PyGXORV VmR
SURWHJLGRV FRQWUD SLFRV SXOVRV DOWRV GH FRUUHQWH H RV VLQDLV VmR ¿OWUDGRV SHOR KDUGZDUH RX SHOR VRIWZDUH QD HQWUDGD
RX QD VDtGD SDUD XP PHOKRU WUDWDPHQWR GDV LQIRUPDo}HV

6,67(0$ '( 5('( '( È5($ '2 &21752/$'25 &$1

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

&8,/75$$ 
$UTXLWHWXUD GR &$1 %86

$UTXLWHWXUD GR &$1 %86

 &$1 %86   6HOHomR GR &$1 %86


 &$1 %86  (+5V  &RQHFWRU GH GLDJQyVWLFR
 5HVLVWRU GH WHUPLQDomR GR &$1 %86   %DUUDPHQWR GR LPSOHPHQWR

2 WUDWRU XWLOL]D XPD &$1 &RQWUROOHU $UHD 1HWZRUN DOpP GRV FKLFRWH GR ¿R SDGUmR $ &$1 p XP VLVWHPD GH  ¿RV
TXH XVD XPD VpULH GH YDORUHV QXPpULFRV HQYLDGRV D DOWDV YHORFLGDGHV SDUD WUDQVPLWLU GDGRV HQWUH RV FRQWURODGRUHV H
RV FRPSRQHQWHV 2 VLVWHPD &$1 DSUHVHQWD D YDQWDJHP GH SRGHU XVDU XP FRPSRQHQWH SDUD YiULDV DSOLFDo}HV VHP
D QHFHVVLGDGH GH ¿DomR SDUD FDGD DSOLFDWLYR FRPR HP XP VLVWHPD FRQYHQFLRQDO
'HSHQGHQGR GD HVSHFL¿FDomR GR PRGHOR RV FRQWURODGRUHV VmR XVDGRV SDUD FRQWURODU GLYHUVRV VLVWHPDV QR WUDWRU
&RQVXOWH D ¿JXUD  SDUD REWHU GHWDOKHV GRV SURFHVVDGRUHV H FRQH[}HV GR &$1 %86

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

&Ï',*2 '( )$/+$ (;,%,'26

7RGRV RV FyGLJRV GH IDOKD VmR H[LELGRV QD WHOD GH PDWUL] GH SRQWRV '0' GR SDLQHO GH LQVWUXPHQWRV GLJLWDO DQDOyJLFR
$',&  6RPHQWH DV IDOKDV LQFDSDFLWDQWHV VHUmR H[LELGDV QD '0' H ¿FDUmR YLVtYHLV DR RSHUDGRU 2V HUURV PHQRV
JUDYHV VmR DUPD]HQDGRV H SRGHP VHU UHFXSHUDGRV SRU PHLR GRV PHQXV + FRQVXOWH 0yGXOR HOHWU{QLFR  'HVFULomR
HVWiWLFD  SDUD REWHU LQIRUPDo}HV PDLV GHWDOKDGDV

%5(% 

6tPERORV GR FyGLJR GH IDOKD

 0RWRU  9iOYXODV UHPRWDV HOHWU{QLFDV

 7UDQVPLVVmR  9iOYXODV UHPRWDV HOHWU{QLFDV

 %ORTXHLR GR GLIHUHQFLDO  6XVSHQVmR GLDQWHLUD

 0DX IXQFLRQDPHQWR GD &$1  7UDomR QDV TXDWUR URGDV

 &RQWUROH GH (VIRUoR (OHWU{QLFR  )DOKD HOpWULFD QR SDLQHO GH


LQVWUXPHQWRV

   6LVWHPD GH 'LUHomR UiSLGD

 6LVWHPD GD 7'3  6LVWHPD GH DUFRQGLFLRQDGR

2 $',& H[LELUi XP VtPEROR DFRPSDQKDGR SRU XP FyGLJR GH TXDWUR RX FLQFR GtJLWRV SDUD LQGLFDU XPD FRQGLomR GH
IDOKD RFRUULGD 2 VtPEROR UHSUHVHQWD R VLVWHPD HP TXH D IDOKD p GHWHFWDGD H R FyGLJR HVSHFL¿FD D FDXVD GD IDOKD
GHWHFWDGD
2V FyGLJRV GH IDOKD VmR DJUXSDGRV SHOR VLVWHPD GH DFRUGR FRP DV VHJXLQWH IDL[DV QXPHUDGDV

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

‡  &RQWUROH HOHWU{QLFR GH WUDomR


‡  7UDQVPLVVmR
‡  0RWRU
‡  &RQWUROHV UHPRWRV HOHWURKLGUiXOLFR WUDVHLURV
‡  WRPDGD GH SRWrQFLD WUDVHLUD
‡  7UDomR QDV TXDWUR URGDV
‡  %ORTXHLR GR GLIHUHQFLDO
‡  6XVSHQVmR GLDQWHLUD
‡  3DLQHO GH LQVWUXPHQWRV
‡  &RQWURODGRU GR DSRLR GH EUDoR
‡  $UFRQGLFLRQDGR

',$*1Ï67,&2 '2 02'2 +0(18

2 PRGR GH GLDJQyVWLFR +PHQX SRGH VHU XVDGR SDUD DFHVVDU H DSDJDU RV FyGLJRV GH IDOKD TXH SRGHP HVWDU DUPD
]HQDGRV QRV GLIHUHQWHV FRQWURODGRUHV 2 PRGR GH GLDJQyVWLFR +PHQX WDPEpP FRQWpP PXLWDV RXWUDV IXQo}HV ~WHLV
TXH SRGHP VHU XVDGDV SDUD DMXGDU QR GLDJQyVWLFR
&RQVXOWH R FDStWXOR 5RWLQDV GH 'LDJQyVWLFR + HP 0yGXOR HOHWU{QLFR  'HVFULomR HVWiWLFD  

%9($ 

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

0yGXOR HOHWU{QLFR 8QLGDGH GH FRQWUROH GH LQVWUXPHQWRV  'LDJUDPD


HOHWU{QLFR 3DLQHO GH LQVWUXPHQWRV EiVLFRV
,GHQWL¿FDomR GR FRPSRQHQWH
 8QLGDGH GR SDLQHO GH LQVWUXPHQWRV EiVLFD
 %DWHULD
 ,VRODGRU GD EDWHULD
 ,QWHUUXSWRU GH ,JQLomR
 5HOp GH LJQLomR ,
 5HOp GH LJQLomR ,,
 6HQVRU GR IUHLR GH DU
 6HQVRU GH FRPEXVWtYHO
 ,QWHUUXSWRUHV GR SHGDO GR IUHLR H UHOpV GR IUHLR GH WUDLOHU
 &RQWURODGRU GD OX] GH WUDEDOKR
 6HQVRU GH kQJXOR GD GLUHomR
 $ODUPH YLEUDWyULR
 8QLGDGH GR 3LVFDSLVFD ,QGLFDGRU
 ,QWHUUXSWRU GR IUHLR GH PmR
 $OWHUQDGRU
 7HUUD GR VHQVRU
 7HUUD GR FKDVVL
 7HUUD GH HQHUJLD

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

66' 

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

0yGXOR HOHWU{QLFR 8QLGDGH GH FRQWUROH GH LQVWUXPHQWRV  'LDJUDPD


HOHWU{QLFR 3DLQHO GH LQVWUXPHQWRV PHOKRUDGR
,GHQWL¿FDomR GR FRPSRQHQWH
 8QLGDGH GR SDLQHO GH LQVWUXPHQWRV
 %DWHULD
 ,VRODGRU GD EDWHULD
 ,QWHUUXSWRU GH ,JQLomR
 5HOp GH LJQLomR ,
 5HOp GH LJQLomR ,,
 6HQVRU GR IUHLR GH DU
 6HQVRU GH FRPEXVWtYHO
 ,QWHUUXSWRUHV GR SHGDO GR IUHLR H UHOpV GR IUHLR GH WUDLOHU
 &RQHFWRU SDUD ,PSOHPHQWR
 &RQWURODGRU GD OX] GH WUDEDOKR
 7HFODGR DSULPRUDGR DSHQD SDUD $',&
 8QLGDGH GR 3LVFDSLVFD ,QGLFDGRU
 ,QWHUUXSWRU GR IUHLR GH PmR
 $OWHUQDGRU
 7HUUD GR VHQVRU
 7HUUD GR FKDVVL
 7HUUD GH HQHUJLD

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

66' 

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

0yGXOR HOHWU{QLFR 8QLGDGH GH &RQWUROH &HQWUDO &&8  'LDJUDPD


HOHWU{QLFR 7UDQVPLVVmR FRQWUROH HOHWU{QLFR GH WUDomR 7'3 WUDVHLUD
WUDomR QDV TXDWUR URGDV EORTXHLR GR GLIHUHQFLDO
,GHQWL¿FDomR GR FRPSRQHQWH
 8QLGDGH GH FRQWUROH HOHWU{QLFR FHQWUDO &&8  0yGXOR 5%
 &RQWUROH GD WUDQVPLVVmR 6HPL 3RZHUVKLIW 636 [
 &RQWUROH HOHWU{QLFR GD WUDomR ('&
 &RQWUROH GD 7'3 WUDVHLUD
 &RQWUROH GH YHORFLGDGH FRQVWDQWH GR PRWRU
 7UDomR QDV TXDWUR URGDV :'  FRQWUROH GR EORTXHLR GR GLIHUHQFLDO
 3DLQHO GH HQJUHQDJHQV '2*
 7HUUD GR VHQVRU
 7HUUD GR FKDVVL
 7HUUD GH HQHUJLD

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

&8,/75-$ 

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

0yGXOR HOHWU{QLFR &RQWURODGRU GH LQWHUIDFH LVREXV 7(&8  'LDJUDPD


HOHWU{QLFR %86 ,62 7(&8
,GHQWL¿FDomR GR FRPSRQHQWH
 0yGXOR ,62%86 7(&8
 ,62%86 &RQHFWRU GR LPSOHPHQWR
 (&8 5HOp GH HQHUJLD
 5HOp GH DOLPHQWDomR GR LPSOHPHQWR
 7HUUD GR VHQVRU
 7HUUD GR FKDVVL
 7HUUD GD DOLPHQWDomR

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

66' 

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

0yGXOR HOHWU{QLFR 8QLGDGH GH &RQWUROH &HQWUDO &&8  &DOLEUDU


3URFHGLPHQWRV GH FRQ¿JXUDomR GD FDOLEUDomR
1HFHVViULR TXDQGR

2SHUDomR DQWHULRU
$QWHV GH TXDOTXHU LQVWDODomR GH SURJUDPD GH GRZQORDG RX TXDOTXHU SURFHGLPHQWR GH FRQ¿JXUDomR GH FDOLEUDomR
FHUWL¿TXHVH GH TXH R + D UHGH¿QLomR PHPyULD GR VLVWHPD VHOHFLRQDGR WHQKD VLGR H[HFXWDGD

8P FyGLJR GH IDOKD GH FDOLEUDomR HVWi SUHVHQWH


127$ 2 FyGLJR GH IDOKD QmR VHUi H[LELGR QD WHOD PDV
SRGHUi VHU YLVXDOL]DGR QR PRGR +PHQX GR +%
 $ PHPyULD QmR YROiWLO IRL UHFRQ¿JXUDGD + QR FRQWUR
ODGRU
127$ $SyV XPD UHGH¿QLomR FRPSOHWD GD PHPyULD QR
+ VHUi QHFHVViULR H[HFXWDU R SURFHGLPHQWR GH FRQ¿JX
UDomR GR WUDWRU &RQVXOWH R + QR FDStWXOR VREUH R PHQX
+ QD VHomR 6LVWHPDV HOpWULFRV  &Ï',*26 '( )$/+$
 $ XQLGDGH GH FRQWUROH HOHWU{QLFR IRL VXEVWLWXtGD
 8PD YiOYXOD VROHQRLGH 3:0 IRL VXEVWLWXtGD
 8P SRWHQFL{PHWUR IRL VXEVWLWXtGR
 8P UHSDUR PHFkQLFR IRL UHDOL]DGR
 620(17( 75$160,66­2  D TXDOLGDGH GD HQJUHQD
JHP RX D FDSDFLGDGH GH DOFDQFH GD HPEUHDJHP IRL
YLVLYHOPHQWH GHWHULRUDGD
 ('& 620(17(  XP QRYR SRWHQFL{PHWUR GR EUDoR GH
HOHYDomR p LQVWDODGR QHVVH FDVR R FyGLJR GH IDOKD
 GHYHUi VHU LQGX]LGR SHOD GHVFRQH[mR GR SRWHQ
FL{PHWUR FRP R LQWHUUXSWRU GH LJQLomR QD SRVLomR 21
/,*$'$ H HP VHJXLGD SHOD VXD UHFRQH[mR

3URFHGLPHQWR GH FRQ¿JXUDomR
 $QWHV GH UHDOL]DU XPD FDOLEUDomR GD HPEUHDJHP H GR
VLQFURQL]DGRU RV VHJXLQWHV SRQWRV GHYHP VHU YHUL¿FD
GRV
2 yOHR GD WUDQVPLVVmR HVWi QD WHPSHUDWXUD FRUUHWD R
TXH SRGH VHU YHUL¿FDGR QR PRGR + 7RGDV DV WUDQV
PLVV}HV GHYHP VHU FDOLEUDGDV HQWUH  ±  ƒ&
 2 IUHLR GH HVWDFLRQDPHQWR IRU DFLRQDGR
 2 DUFRQGLFLRQDGR VH HTXLSDGR HVWi GHVOLJDGR
 7RGRV RV VHUYLoRV HOpWULFRV H KLGUiXOLFRV HVWmR GHV
PDUFDGRV
 (OHYDomR HOHWU{QLFD DSHQDV  XP SHVR GH DSUR[LPD
GDPHQWH  .J p FRORFDGR QRV EUDoRV GH HOHYDomR
SDUD VXSHUDU TXDOTXHU UHVLVWrQFLD GD DUWLFXODomR GH
HOHYDomR 
 (OHYDomR HOHWU{QLFD DSHQDV  WRGRV RV FRQWUROHV ('&
VmR JLUDGRV WRWDOPHQWH QR VHQWLGR KRUiULR

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

 (OHYDomR HOHWU{QLFD DSHQDV  R LQWHUUXSWRU GH HOHYD


omRWUDEDOKR p SRVLFLRQDGR QD SRVLomR GH 75$%$
/+2
127$ 6H R SURFHGLPHQWR GH FRQ¿JXUDomR QmR IRU VHJXLGR
FRUUHWDPHQWH R FyGLJR GH IDOKD 8 VHUi H[LELGR
&RQVXOWH QD VHomR 6LVWHPDV HOpWULFRV  &Ï',*26 '( )$
/+$

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

0yGXOR HOHWU{QLFR 8QLGDGH GH &RQWUROH &HQWUDO &&8  + 


3URFHGLPHQWRV GH FDOLEUDomR
$ XQLGDGH GH FRQWUROH FHQWUDO &&8 RX R PyGXOR 5%
p XVDGD SDUD FDOLEUDU RV VHJXLQWHV FRPSRQHQWHV
‡ 7UDQVPLVVmR 636
‡ ('&
‡ 7'3 WUDVHLUD PRWRU
‡ 6HQVRU GH GLUHomR

'LDJUDPD GH VHOHomR GD WHOD GR + 0HQX

%$,/++3)9* 

&DOLEUDomR GD WUDQVPLVVmR 636


$OpP GH FDOLEUDU DV HPEUHDJHQV GD WUDQVPLVVmR R SUR
FHGLPHQWR WDPEpP SHUPLWH TXH R VHQVRU GH WRUomR GR
YRODQWH H R VHQVRU GH WRUomR GD 7'3 VHMDP FDOLEUDGRV

127$ (VWH SURFHGLPHQWR p QHFHVViULR TXDQGR XPD QRYD XQLGDGH GH FRQWUROH HOHWU{QLFR IRL LQVWDODGD RX VH D FDOL
EUDomR DQWHULRU WLYHU VLGR DSDJDGD XWLOL]DQGR R SURFHGLPHQWR +

127$ 2 SURFHGLPHQWR GH FDOLEUDomR p FRQWURODGR SHOR VLVWHPD GH JHVWmR HOHWU{QLFR 3DUD HYLWDU PRYLPHQWRV LQDG
YHUWLGRV GR WUDWRU HVWDFLRQH R WUDWRU ORQJH GH TXDOTXHU REVWiFXOR DFLRQH R IUHLR GH HVWDFLRQDPHQWR FRP ¿UPH]D H
EORTXHLH DV URGDV GLDQWHLUDV H WUDVHLUDV 9HUL¿TXH VH R PRQLWRU GH YHORFLGDGH HIHWLYD HVWi ]HUDGR DQWHV GH FRPHoDU

127$ $QWHV GH UHDOL]DU XPD FDOLEUDomR GD HPEUHDJHP H GR VLQFURQL]DGRU D WHPSHUDWXUD GR yOHR GD WUDQVPLVVmR
GHYH HVWDU HQWUH  ±  ƒ& D WHPSHUDWXUD LGHDO SDUD D FDOLEUDomR p  ƒ&

127$ &HUWL¿TXHVH GH TXH R DUFRQGLFLRQDGR VH HTXLSDGR HVWHMD GHVOLJDGR H WRGDV DV DSOLFDo}HV HOpWULFDV H KL
GUiXOLFDV HVWHMDP GHVPDUFDGDV

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

127$ 6H XP Q~PHUR GH TXDWUR GtJLWRV FRPHoDQGR FRP XP  IRU H[LELGR D TXDOTXHU PRPHQWR GXUDQWH R SURFHGL
PHQWR GH FDOLEUDomR p XP FyGLJR GH IDOKD SDGUmR $ FRQGLomR GH IDOKD GHYH VHU FRUULJLGD DQWHV GH D FDOLEUDomR VHU
H[HFXWDGD
+i GRLV PpWRGRV GH DFHVVDU R PRGR GH FDOLEUDomR
‡ (QWUDGD UiSLGD
‡ 6ROLFLWH SHOR PHQX ++

(QWUDGD UiSLGD
0DQWHQKD SUHVVLRQDGR RV LQWHUUXSWRUHV GH DXPHQWR H
UHGXomR GXUDQWH D SDUWLGD GR PRWRU

%$,/&&0$9$ 

9i SDUD &DOLEUDWLRQ 0HWKRG 0pWRGR GH FDOLEUDomR 

(QWUDGD GR PHQX ++
,QVWDOH R FRQHFWRU GH GLDJQyVWLFR  QD WR
PDGD GH GLDJQyVWLFR

%$,/$3+$9$ 

8VH DV WHFODV K P H GH GLPLQXLomR QR SDLQHO GH


LQVWUXPHQWRV SDUD QDYHJDU SHORV PHQXV ++ DWp + H R
VtPEROR GD WUDQVPLVVmR QR FRQWURODGRU 5%
2 VLVWHPD TXH HVWi VHQGR FDOLEUDGR VHUi PRVWUDGR QR
SDLQHO H D WHPSHUDWXUD GR yOHR VHUi PRVWUDGD QR PRQL
WRU FHQWUDO LQIHULRU

%$,/$3+$6$ 

9i SDUD &DOLEUDWLRQ 0HWKRG 0pWRGR GH FDOLEUDomR 

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

0pWRGR GH FDOLEUDomR
$ YHORFLGDGH GR PRWRU VHUi DMXVWDGD SDUD  530
&RORTXH D DODYDQFD VHOHWRUD GH DYDQoR H Up QD SRVLomR
GH DYDQoR H VROWH R SHGDO GD HPEUHDJHP

%$,/&&0$9$ 

2 PRQLWRU FHQWUDO LQIHULRU HVWDUi H[LELQGR D WHPSHUD


WXUD GR yOHR GD WUDQVPLVVmR SUHVVLRQDU RV ERW}HV GH
DXPHQWR RX UHGXomR LUi DOWHUDU R PRQLWRU SDUD PRVWUDU
R YDORU GH FDOLEUDomR GR WRUTXH GR YRODQWH

%$,/$3+$6$ 

3UHVVLRQDU RV ERW}HV GH DXPHQWR RX UHGXomR QRYD


PHQWH LUi DOWHUDU R PRQLWRU GH YROWD SDUD D WHPSHUDWXUD
GR yOHR GD WUDQVPLVVmR
127$ 6H R FyGLJR 8 IRU H[LELGR QmR VHUi SRVVtYHO
UHDOL]DU D FDOLEUDomR SRLV D WHPSHUDWXUD GR yOHR GD WUDQV
PLVVmR QmR HVWi TXHQWH R VX¿FLHQWH
127$ 6H R SURFHGLPHQWR GH SDUWLGD IRL LQFRUUHWR XP Fy
GLJR 8 VHUi H[LELGR H R SURFHGLPHQWR GHYHUi VHU UHSH
WLGR &RQVXOWH D OLVWD GH FyGLJRV 8 QD WDEHOD D VHJXLU
6H &/  ±  ƒ& RX &+  ƒ& IRU H[LELGR GH
SRLV GH  VHJXQGRV R PRQLWRU LUi UHWRUQDU SDUD D WHPSH
UDWXUD GR yOHR GD WUDQVPLVVmR 2 WUDWRU SRGH IXQFLRQDU
SDUD REWHU D WHPSHUDWXUD GH yOHR FRUUHWD
127$ 6H QmR IRU FRQYHQLHQWH DJXDUGDU D WHPSHUDWXUD GR
yOHR PXGDU SUHVVLRQH R LQWHUUXSWRU GH DXPHQWR RX UHGX
omR GH PDUFKD HQTXDQWR &/ RX &+ p H[LELGR 2 PRQL
WRU H[LELUi GW H D FDOLEUDomR SRGHUi SURVVHJXLU

%$,/$3+$6$ 

127$ 6H XP YDORU LPSURYiYHO GD WHPSHUDWXUD GR yOHR IRU H[LELGR SRU H[HPSOR  ƒ& RX  ƒ& LVVR SRGH LQGLFDU
XPD IDOKD QR WUDQVPLVVRU GH WHPSHUDWXUD

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

([LVWHP GRLV PpWRGRV GH FDOLEUDomR GD WUDQVPLVVmR


636 &DGD LWHP SRGH VHU FDOLEUDGR PDQXDOPHQWH RX
WRGD D VHTXrQFLD SRGH VHU DXWRPDWL]DGD
([LVWHP GRLV PpWRGRV GH FDOLEUDomR GD WUDQVPLVVmR
&DGD LWHP SRGH VHU FDOLEUDGR PDQXDOPHQWH RX WRGR R
SURFHGLPHQWR SRGH VHU DXWRPDWL]DGR

3DUD FDOLEUDU RV VHQVRUHV H DV HPEUHDJHQV LQGLYLGXDOPHQWH


0DQWHQKD SUHVVLRQDGR R ERWmR GH UHGXomR GH PDUFKDV
SDUD FDOLEUDU R VHQVRU GR YRODQWH 4XDQGR D FDOLEUDomR
HVWLYHU WHUPLQDGD R PRQLWRU LUi DOWHUQDU HQWUH GW H R
YDORU GH FDOLEUDomR
4XDQGR R LQWHUUXSWRU GH UHGXomR p OLEHUDGR R PRQLWRU
LUi PXGDU SDUD 3W FDOLEUDomR GR VHQVRU GH WRUTXH GD
7'3  0DQWHQKD SUHVVLRQDGR R LQWHUUXSWRU GH UHGXomR
SDUD ID]HU D FDOLEUDomR 4XDQGR D FDOLEUDomR HVWLYHU
WHUPLQDGD R PRQLWRU LUi DOWHUQDU HQWUH 3W H R YDORU GH
FDOLEUDomR
4XDQGR R LQWHUUXSWRU GH UHGXomR p OLEHUDGR R PRQLWRU
LUi PXGDU SDUD $ 0DQWHQKD SUHVVLRQDGR R LQWHUUXS
WRU GH UHGXomR SDUD FDOLEUDU D HPEUHDJHP $ 'XUDQWH
R SURFHVVR GH FDOLEUDomR R YDORU GH FDOLEUDomR VHUi
PRVWUDGR QR PRQLWRU FHQWUDO LQIHULRU
4XDQGR D FDOLEUDomR GD HPEUHDJHP $ HVWLYHU WHUPL
QDGD R PRQLWRU FHQWUDO LQIHULRU LUi DOWHUQDU HQWUH $ H
R YDORU GH FDOLEUDomR

%$,/&&0$9$ 

5HSLWD DV HWDSDV DFLPD SDUD DV HPEUHDJHQV % &


' (  VH D WUDQVPLVVmR GH  NPK HVWLYHU LQV
WDODGD H ) H Q FDOLEUDo}HV GR VLQFURQL]DGRU  $SyV
D FDOLEUDomR GH Q OLEHUH R LQWHUUXSWRU GH UHGXomR R
PRQLWRU LUi PXGDU SDUD GW
3UHVVLRQDU UHSHWLGDPHQWH R LQWHUUXSWRU GH DXPHQWR LUi
FLUFXODU SHOR PRGR GH FDGD HPEUHDJHP SHUPLWLQGR
TXH XPD HPEUHDJHP HVSHFt¿FD VHMD FDOLEUDGD YiULDV
YH]HV VH QHFHVViULR

%$,/$3+$6$ 

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

1D FRQFOXVmR R PRQLWRU LUi PRVWUDU (QG

%$,/&&0$9$ 

'HL[H D FKDYH GHVOLJDGD SRU SHOR PHQRV  VHJXQGRV


SDUD DUPD]HQDU RV YDORUHV GH FDOLEUDomR
127$ &DVR RFRUUD XP HUUR GXUDQWH D FDOLEUDomR XP Fy
GLJR 8 VHUi H[LELGR H VHUi QHFHVViULR UHSHWLU R SURFHGL
PHQWR &RQVXOWH D OLVWD GH FyGLJRV 8 QD WDEHOD D VHJXLU
127$ $ YHORFLGDGH GH VDtGD GD WUDQVPLVVmR R LQWHUUXS
WRU GR DVVHQWR R LQWHUUXSWRU GR IUHLR GH HVWDFLRQDPHQWR H
D SRVLomR GR SHGDO GH HPEUHDJHP VmR PRQLWRUDGRV FRQV
WDQWHPHQWH 1mR VHUi SRVVtYHO FRQWLQXDU D FDOLEUDomR D
PHQRV TXH R WUDWRU HVWHMD SDUDGR H R SHGDO GD HPEUHD
JHP OLEHUDGR

&DOLEUDomR DXWRPDWL]DGD GD WUDQVPLVVmR


4XDQGR R PRQLWRU PRVWUDU GW SUHVVLRQH R ERWmR P
QR SDLQHO GH LQVWUXPHQWRV RX R ERWmR GH PXGDQoD GH
IDL[D SRU GRLV VHJXQGRV SDUD LQLFLDU D VHTXrQFLD GH
FDOLEUDomR DXWRPiWLFD
2 VHQVRU GH WRUomR GR YRODQWH R VHQVRU GH WRUomR GD
7'3 H DV HPEUHDJHQV GD WUDQVPLVVmR VHUmR FDOLEUDGRV
XP SRU XP VHP D QHFHVVLGDGH GH PDQWHU R ERWmR GH
UHGXomR GH PDUFKD SUHVVLRQDGR
4XDQGR R SURFHGLPHQWR IRU FRQFOXtGR H WRGDV DV HP
EUHDJHQV HVWLYHUHP FDOLEUDGDV (QG VHUi H[LELGR

%$,/&&0$9$ 

6H KRXYHU DOJXP HUUR GXUDQWH HVWH PRGR DXWRPiWLFR


D VHTXrQFLD p LQWHUURPSLGD H R FyGLJR UHOHYDQWH p H[L
ELGR 3UHVVLRQH R ERWmR GH IXQomR DXWRPiWLFD GH DX
PHQWR RX UHGXomR SDUD OLPSDU R HUUR

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

'HL[H D FKDYH GHVOLJDGD SRU SHOR PHQRV  VHJXQGRV


SDUD DUPD]HQDU RV YDORUHV GH FDOLEUDomR
127$ $ YHORFLGDGH GH VDtGD GD WUDQVPLVVmR R LQWHUUXS
WRU GR DVVHQWR R LQWHUUXSWRU GR IUHLR GH HVWDFLRQDPHQWR H
D SRVLomR GR SHGDO GH HPEUHDJHP VmR PRQLWRUDGRV FRQV
WDQWHPHQWH 1mR VHUi SRVVtYHO FRQWLQXDU D FDOLEUDomR D
PHQRV TXH R WUDWRU HVWHMD SDUDGR H R SHGDO GD HPEUHD
JHP OLEHUDGR

&DOLEUDomR GR VXSHUUHGXWRU
2 VXSHUUHGXWRU p FDOLEUDGR HQJDWDQGR H GHVHQJD
WDQGRR XVDQGR R LQWHUUXSWRU GR VXSHUUHGXWRU

127$ 'XUDQWH D FDOLEUDomR XP GRV VHJXLQWHV FyGLJRV 8 SRGHUi RFRUUHU $ FDXVD GR FyGLJR GHYH VHU FRUULJLGD
SDUD VHU SRVVtYHO FDOLEUDU FRP r[LWR

&yGLJRV GH IDOKD 8 GD FDOLEUDomR GD WUDQVPLVVmR 6HPL 3RZHUVKLIW


&yGLJR 'HVFULomR 3RVVtYHO IDOKD
8 (530 FDLX UiSLGR GHPDLV GXUDQWH  2 PRWRU UHGX]LX PXLWR SUHFRFHPHQWH 3RVVtYHO YiOYXOD 3:0
FDOLEUDomR GD HPEUHDJHP GHIHLWXRVD RX IDOKD PHFkQLFD GHQWUR GD WUDQVPLVVmR
8 2 LQWHUUXSWRU GR DVVHQWR QmR IRL  &LUFXLWR DEHUWR SDUD D HQWUDGD GR LQWHUUXSWRU GR DVVHQWR QR
DWLYDGR PyGXOR GD WUDQVPLVVmR
 )DOKD QR LQWHUUXSWRU GR DVVHQWR
 )XVtYHO GD DOLPHQWDomR FKDYHDGD GH  9 TXHLPDGR
1RWD XVH R GLDJQyVWLFR GR LQWHUUXSWRU + SDUD GHWHFWDU VH R
LQWHUUXSWRU GR DVVHQWR HVWi FRQHFWDGR
8 7HPSHUDWXUD GR yOHR LQIHULRU D  ƒ&  &LUFXLWR DEHUWR SDUD D HQWUDGD GR VHQVRU GH WHPSHUDWXUD QR
PyGXOR
 )DOKD QR VHQVRU GH WHPSHUDWXUD
1RWD XVH R + QR PyGXOR GD WUDQVPLVVmR SDUD YHU VH D HQWUDGD
GR VHQVRU GH WHPSHUDWXUD HVWi 2.
8 2 IUHLR GH PmR QmR HVWi DMXVWDGR  &LUFXLWR DEHUWR SDUD D DOLPHQWDomR GR IUHLR GH PmR QR PyGXOR
GD WUDQVPLVVmR
 )DOKD QR LQWHUUXSWRU GR IUHLR GH PmR
 )XVtYHO GD DOLPHQWDomR FKDYHDGD GH  9 TXHLPDGR
1RWD XVH R GLDJQyVWLFR GR LQWHUUXSWRU + SDUD GHWHFWDU VH R
IUHLR GH PmR HVWi FRQHFWDGR
8 $ (530 HVWi DEDL[R GH   2 RSHUDGRU QmR DMXVWRX D YHORFLGDGH FRUUHWD GR PRWRU
DXPHQWH R DFHOHUDGRU  2 SDLQHO GH LQVWUXPHQWRV QmR HVWi DOLPHQWDGR
 &$1 URPSLGR
1RWD XVH R + QR PyGXOR GD WUDQVPLVVmR SDUD YHU VH D
YHORFLGDGH GR PRWRU HVWi VHQGR GHWHFWDGD
8 $ (530 HVWi DFLPD GH  UHGX]D  2 RSHUDGRU QmR DMXVWRX D YHORFLGDGH FRUUHWD GR PRWRU
R DFHOHUDGRU
8 $ DODYDQFD VHOHWRUD GH DYDQoR H Up  2 RSHUDGRU QmR VHOHFLRQRX DYDQoR QD DODYDQFD VHOHWRUD GH
HVWi QD SRVLomR QHXWUD PXGH SDUD D DYDQoR H Up
SRVLomR GH DYDQoR  &LUFXLWR DEHUWR HQWUH D DODYDQFD VHOHWRUD GH DYDQoR H Up H R
PyGXOR GD WUDQVPLVVmR
 )XVtYHO GD DOLPHQWDomR FKDYHDGD GH  9 TXHLPDGR
1RWD XVH R GLDJQyVWLFR GR LQWHUUXSWRU + SDUD GHWHFWDU VH R
LQWHUUXSWRU HVWi FRQHFWDGR
8 2 SHGDO GH HPEUHDJHP QmR HVWi HP  2 RSHUDGRU QmR OLEHURX R SHGDO GH HPEUHDJHP
FLPD VROWH R SHGDO GH HPEUHDJHP  $ DUWLFXODomR GR SRWHQFL{PHWUR GD HPEUHDJHP HVWi
HPSHUUDGD RX TXHEUDGD
1RWD XVH R + QR PyGXOR GD WUDQVPLVVmR SDUD YHU VH D HQWUDGD
GD HPEUHDJHP HVWi 2.
8 9HORFLGDGH GH URGD GHWHFWDGD  )UHLR GH PmR QmR DSOLFDGR
 )UHLRV QmR IXQFLRQDQGR
1RWD VH RV IUHLRV HVWLYHUHP 2. PRYD R YHtFXOR OLJHLUDPHQWH
SDUD IUHQWH H UHSLWD D FDOLEUDomR

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

&yGLJR 'HVFULomR 3RVVtYHO IDOKD


8 9DORU GH FDOLEUDomR Pi[LPR SHUPLWLGR  2 YDORU DWXDO H[FHGHX VHP UHGX]LU R PRWRU 3RVVtYHO YiOYXOD
GD HPEUHDJHP IRL H[FHGLGR 3:0 GHIHLWXRVD RX IDOKD GD SUHVVmR KLGUiXOLFD EDL[D
8 6ROHQRLGH GD  HQJUHQDJHP QmR 
HQFRQWUDGR
8 1HQKXP PRYLPHQWR GR VLQFURQL]DGRU 
GH IDL[D LQWHUPHGLiULDPDUFKD j Up
GHWHFWDGR
8 1HQKXP PRYLPHQWR GR VLQFURQL]DGRU  )DOKD QR SRWHQFL{PHWUR GR VLQFURQL]DGRU RX QD DUWLFXODomR
GH IDL[D LQWHUPHGLiULDDOWD GHWHFWDGR  )DOKD RX HPSHUUDPHQWR QR VROHQRLGH GR VLQFURQL]DGRU
 9D]DPHQWR LQWHUQR QD WUDQVPLVVmR
8 &RQHFWRUHV GR SRWHQFL{PHWUR GR 
VLQFURQL]DGRU WURFDGRV
8 7'3 LQLFLDGD 
8 6HQVRU GH YHORFLGDGH GD 7'3 FRP 
FLUFXLWR DEHUWR
8 &XUWRFLUFXLWR GR VHQVRU GH YHORFLGDGH 
GD 7'3
8 9DORU GH FDOLEUDomR GR DPRUWHFHGRU 
PXLWR DOWR
8 9DORU GH FDOLEUDomR GR DPRUWHFHGRU 
PXLWR EDL[R
8 &RQHFWRUHV GR VROHQRLGH GR 
VLQFURQL]DGRU DOWR H GH PDUFKD Up
WURFDGRV
8 &RQHFWRUHV GR VROHQRLGH GR 
VLQFURQL]DGRU LQWHUPHGLiULR H EDL[R
WURFDGRV
8 (UUR GR VLQFURQL]DGRU GH IDL[D 
LQWHUPHGLiULDPDUFKD D Up QHXWUR
8 (UUR GR VLQFURQL]DGRU GH IDL[D  )DOKD QR SRWHQFL{PHWUR GR VLQFURQL]DGRU RX QD DUWLFXODomR
DOWDEDL[D QHXWUR  )DOKD PHFkQLFD GHQWUR GD WUDQVPLVVmR
8 9DORUHV GH FDOLEUDomR GR VLQFURQL]DGRU 
GH IDL[D LQWHUPHGLiULDPDUFKD j Up
IRUD GH WROHUkQFLD
8 9DORUHV GH FDOLEUDomR GR VLQFURQL]DGRU  )DOKD QR SRWHQFL{PHWUR GR VLQFURQL]DGRU RX QD DUWLFXODomR
GH IDL[D EDL[DDOWD IRUD GH WROHUkQFLD

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

&DOLEUDomR GR VHQVRU GH SRVLomR GD ('&


127$ (VVH SURFHGLPHQWR GHYH VHU UHDOL]DGR DQWHV GD FDOLEUDomR GD YiOYXOD GD ('& 6H R FyGLJR GH IDOKD  IRU
H[LELGR D FDOLEUDomR GR VHQVRU GH SRVLomR QmR IRL UHDOL]DGD
127$ (VVD FDOLEUDomR QmR IRU UHDOL]DGD XVDQGR R VLVWHPD GR + PHQX 0HQX + 
5HPRYD WRGD FDUJD GR HQJDWH WUDVHLUR
'HVFRQHFWH DV KDVWHV GH HOHYDomR GR (QJDWH DXWRPi
WLFR GH FROHWD $38+  FDVR HVWHMD LQVWDODGR

%$,/&97$9$ 

&HUWL¿TXHVH GH TXH R WDPDQKR FRUUHWR GR FLOLQGUR KL


GUiXOLFR GR ('& WHQKD VLGR GH¿QLGR FDVR FRQWUiULR R
FyGLJR GH IDOKD  VHUi H[LELGR  3DUD REWHU PDLV
LQIRUPDo}HV FRQVXOWH 0yGXOR HOHWU{QLFR 8QLGDGH GH
&RQWUROH &HQWUDO &&8  +  &RQ¿JXUDo}HV H RS
o}HV  
&HUWL¿TXHVH GH TXH R FRQWUROH GH OLPLWH GH DOWXUD HVWHMD
WRWDOPHQWH QD SRVLomR QR VHQWLGR KRUiULR 2 FyGLJR
GH IDOKD  VHUi H[LELGR VH R FRQWUROH QmR HVWLYHU
WRWDOPHQWH QR VHQWLGR KRUiULR

%6(% 

,QGX]D R FyGLJR GH IDOKD  PDQWHQGR SUHVVLRQDQGR


R LQWHUUXSWRU GH HOHYDomR UiSLGD H FRQWLQXH SUHVVLR
QDQGR R LQWHUUXSWRU GXUDQWH D SDUWLGD GR PRWRU
6ROWH R LQWHUUXSWRU HQWUH  H  VHJXQGRV DSyV OLJDU R
PRWRU  VHUi H[LELGR QD VHomR VXSHULRU PRQLWRU

%$,/$3+$9' 

/HYDQWH WRWDOPHQWH H HP VHJXLGD DEDL[H R HQJDWH


XVDQGR D DODYDQFD GH FRQWUROH GH SRVLomR QR DSRLR GH
EUDoR

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

'HVOLJXH D LJQLomR SDUD DUPD]HQDU R YDORU GH FDOLEUD


omR
&RQHFWH DV KDVWHV GR $38+ FDVR LQVWDODGR

%$,/&97$9$ 

3URFHGLPHQWR GH FDOLEUDomR GD YiOYXOD GD ('&


127$ 2 SURFHGLPHQWR GH FDOLEUDomR p FRQWURODGR SHOR VLVWHPD GH JHVWmR HOHWU{QLFR 3DUD HYLWDU PRYLPHQWRV LQDG
YHUWLGRV GR WUDWRU HVWDFLRQH R WUDWRU ORQJH GH TXDOTXHU REVWiFXOR DFLRQH R IUHLR GH HVWDFLRQDPHQWR FRP ¿UPH]D H
EORTXHLH DV URGDV GLDQWHLUDV H WUDVHLUDV 9HUL¿TXH VH R PRQLWRU GH YHORFLGDGH HIHWLYD HVWi ]HUDGR DQWHV GH FRPHoDU
'HVFRQHFWH WRGRV RV LPSOHPHQWRV GD 7'3 WUDVHLUD
$EDL[H D DUWLFXODomR XVDQGR D DODYDQFD GH FRQWUROH GH
SRVLomR H LQVWDOH RV GRLV SHVRV GH WHVWH
127$ 2V SHVRV GH WHVWH GHYHP VHU VX¿FLHQWHV SDUD VX
SHUDU TXDOTXHU IULFomR QR FRQMXQWR KLGUiXOLFR GH HOHYDomR
H SHUPLWLU TXH RV EUDoRV GH HOHYDomR DEDL[HP VHP HQJUL
SDU
2V SHVRV GR WHVWH SDGUmR GH  ±  NJ  ±
 OEV VmR UHFRPHQGDGRV
&KDYH '(6/,*$'$
$MXVWH WRGRV RV SRWHQFL{PHWURV GR SDLQHO GD ('& WR
WDOPHQWH QR VHQWLGR KRUiULR

%6($ 

+i GRLV PpWRGRV GH DFHVVDU R PRGR GH FDOLEUDomR


 (QWUDGD UiSLGD  0DQWHQKD SUHVVLRQDGR R LQWHUUXS
WRU GH DEDL[DPHQWR UiSLGR GD ('& GXUDQWH D SDU
WLGD GR PRWRU
 (QWUDGD GR PHQX ++  8VDQGR R FRQHFWRU GH GLDJ
QyVWLFR  H DV FDOLEUDo}HV + QR PHQX
++

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

(QWUDGD UiSLGD
0DQWHQKD SUHVVLRQDGR R LQWHUUXSWRU GH DEDL[DPHQWR
UiSLGR GD ('& GXUDQWH D SDUWLGD GR PRWRU

%$,/&&0$9$ 

2 VLVWHPD TXH HVWi VHQGR FDOLEUDGR VHUi PRVWUDGR QR


FRQMXQWR H &$/ VHUi PRVWUDGR QR PRQLWRU FHQWUDO LQ
IHULRU

%$,/&&0$9$ 

&RQWLQXDomR GD FDOLEUDomR

(QWUDGD GR PHQX ++
,QVWDOH R FRQHFWRU GH GLDJQyVWLFR  QR VR
TXHWH GH GLDJQyVWLFR  

%$,/$3+$9$ 

8VH DV WHFODV K P H GH GLPLQXLomR QR SDLQHO GH


LQVWUXPHQWRV SDUD QDYHJDU SHOR PHQX ++ DWp + H R
VtPEROR GR ('& QR FRQWURODGRU 5%

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

%$,/++3)9+ 

2 PRQLWRU FHQWUDO LQIHULRU LUi H[LELU &$/

%$,/++3$9% 

&DOLEUDomR
$MXVWH D YHORFLGDGH GR PRWRU DWp TXH VHMD HVWiYHO VHP
VLQDLV GH RVFLODo}HV RX SLFRV
/HYDQWH D DODYDQFD GH FRQWUROH  DWp HQWUH  H 
SDUD LQLFLDU D VHTXrQFLD GH FDOLEUDomR
127$ 2 PRQLWRU FHQWUDO LQIHULRU LUi PXGDU GH &$/ SDUD
 LQGLFDQGR R LQtFLR GD FDOLEUDomR 'XUDQWH D FDOLEUDomR
D DUWLFXODomR DXWRPDWLFDPHQWH p OHYDQWDGD H DEDL[DGD SRU
 YH]HV R TXH OHYD GH  D  PLQXWRV
&DGD OHYDQWDPHQWR H DEDL[DPHQWR p DFRPSDQKDGR SRU
XPD FRQWDJHP GH  D  QR PRQLWRU

%$,/&&0$9% 

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

4XDQGR R PRQLWRU FHQWUDO LQIHULRU PRVWUD (QG &RQ


FOXtGR  D FDOLEUDomR WHUPLQRX

%$,/&&0$9$ 

$EDL[H D DUWLFXODomR XVDQGR D DODYDQFD GH FRQWUROH GH


SRVLomR
'HVOLJXH D FKDYH SDUD DUPD]HQDU RV YDORUHV GH FDOL
EUDomR

127$ 'XUDQWH D FDOLEUDomR XP GRV VHJXLQWHV FyGLJRV 8 SRGHUi RFRUUHU $ FDXVD GR FyGLJR GHYH VHU FRUULJLGD
SDUD VHU SRVVtYHO FDOLEUDU FRP r[LWR

&yGLJRV GH IDOKD 8 GD FDOLEUDomR GR FRQWUROH HOHWU{QLFR GH HVIRUoR


&yGLJR 'HVFULomR 3RVVtYHO IDOKD
1RWD QmR Ki FyGLJRV GH IDOKD 8 GH¿QLGRV SDUD R SURFHGLPHQWR GH FDOLEUDomR GR FRQWUROH HOHWU{QLFR GH HVIRUoR
1R HQWDQWR RV VHJXLQWHV FyGLJRV GH IDOKD SRGHP VHU H[LELGRV GXUDQWH R SURFHGLPHQWR
 2 FRQWUROH GH OLPLWH GH DOWXUD QmR HVWi  2 FRQWUROH GH OLPLWH GH DOWXUD QmR HVWi YLUDGR WRWDOPHQWH QR
WRWDOPHQWH QR VHQWLGR KRUiULR VHQWLGR KRUiULR
 2 FRQWUROH GH OLPLWH GH DOWXUD HVWi FRP GHIHLWR

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

&DOLEUDomR GD 7'3 WUDVHLUD


127$ 2 WRUTXH GD 7'3 p FDOLEUDGR FRPR SDUWH GR SURFHGLPHQWR GH FDOLEUDomR GD WUDQVPLVVmR 2 SURFHGLPHQWR D
VHJXLU Vy GHYH VHU VHJXLGR VH R SURFHGLPHQWR LQWHLUR GH FDOLEUDomR GD WUDQVPLVVmR QmR IRL UHDOL]DGR
(VWDFLRQH HP XPD VXSHUItFLH SODQD H DMXVWH R IUHLR GH
HVWDFLRQDPHQWR 2 WUDWRU SRGH VH PRYHU GXUDQWH HVWH
SURFHGLPHQWR HQWmR FHUWL¿TXHVH GH TXH D iUHD DR UH
GRU GR WUDWRU HVWi OLYUH $ USP GH VDtGD GD WUDQVPLVVmR
p FRQWURODGD FRQVWDQWHPHQWH $ FDOLEUDomR QmR SRGH
SURVVHJXLU D PHQRV TXH R WUDWRU HVWHMD SDUDGR
'HVFRQHFWH 72'26 LPSOHPHQWRV GD 7'3 WUDVHLUD
,QVWDOH R FRQHFWRU GH GLDJQyVWLFR  QR VR
TXHWH GH GLDJQyVWLFR  

%$,/$3+$9$ 

8VH DV WHFODV K P H GH GLPLQXLomR QR SDLQHO GH


LQVWUXPHQWRV SDUD QDYHJDU SHOR PHQX ++ DWp + H R
VtPEROR GR PRWRU QR FRQWURODGRU 5%

%$,/++3)9& 

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

2 PRQLWRU FHQWUDO LQIHULRU LUi H[LELU &$/

%$,/++3$9% 

3UHVVLRQH R LQWHUUXSWRU &530 WUrV YH]HV 7&3 VHUi


H[LELGR QR PRQLWRU FHQWUDO LQIHULRU

%$,/++3$9& 

$ YHORFLGDGH GR PRWRU VHUi DMXVWDGD DXWRPDWLFDPHQWH


SDUD  530
$SyV XP VHJXQGR R PRQLWRU LUi PRVWUDU  H GHSRLV
 LQGLFDQGR TXH R WRUTXH GD 7'3 HVWi FDOLEUDGR

%$,/++3$9% 

4XDQGR R SURFHGLPHQWR GH FDOLEUDomR HVWLYHU FRQ


FOXtGR (QG VHUi H[LELGR

%$,/++3$9' 

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

'HVOLJXH D FKDYH SDUD DUPD]HQDU RV QRYRV YDORUHV GH


FDOLEUDomR

127$ 'XUDQWH D FDOLEUDomR XP GRV VHJXLQWHV FyGLJRV 8 SRGHUi RFRUUHU $ FDXVD GR FyGLJR GHYH VHU FRUULJLGD
SDUD VHU SRVVtYHO FDOLEUDU FRP r[LWR

&yGLJRV GH IDOKD 8 GD FDOLEUDomR GH WRUTXH GD 7'3


&yGLJR 'HVFULomR 3RVVtYHO IDOKD
8 (UUR GH YHORFLGDGH GR PRWRU  9HUL¿TXH VH R VHQVRU GH YHORFLGDGH GR PRWRU HVWi LQVWDODGR
 2 SDLQHO GH LQVWUXPHQWRV QmR HVWi DOLPHQWDGR
 /LQN GR &$1 URPSLGR
1RWD XVH D IXQomR GR PHQX +( QR PyGXOR GD WUDQVPLVVmR
SDUD YHU VH D YHORFLGDGH GR PRWRU HVWi VHQGR GHWHFWDGD
8 ,QWHUUXSWRU GH (530 FRQVWDQWH  ,QWHUUXSWRU GH &530 RSHUDGR PDLV GH  YH]HV UHSLWD R
GHWHFWDGR SURFHGLPHQWR GH SDUWLGD
8 7'3 LQLFLDGD  $ 7'3 IRL OLJDGD GXUDQWH R SURFHGLPHQWR GH FDOLEUDomR
5HSLWD D FDOLEUDomR
8 6HQVRU GH WRUomR GD 7'3 FRP FLUFXLWR 
DEHUWR
8 &XUWRFLUFXLWR GR VHQVRU GH WRUomR GD 
7'3
8 6HQVRU GH WRUomR GD 7'3 QmR HVWi 
FDOLEUDGR

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

&DOLEUDomR GR VHQVRU GH GLUHomR


127$ 2 SURFHGLPHQWR GH FDOLEUDomR p FRQWURODGR SHOR VLVWHPD GH JHVWmR HOHWU{QLFR 3DUD HYLWDU PRYLPHQWRV LQDG
YHUWLGRV GR WUDWRU HVWDFLRQH R WUDWRU ORQJH GH TXDOTXHU REVWiFXOR DFLRQH R IUHLR GH HVWDFLRQDPHQWR FRP ¿UPH]D H
EORTXHLH DV URGDV GLDQWHLUDV H WUDVHLUDV 9HUL¿TXH VH R PRQLWRU GH YHORFLGDGH HIHWLYD HVWi ]HUDGR DQWHV GH FRPHoDU
,QVWDOH R FRQHFWRU GH GLDJQyVWLFR  QR VR
TXHWH GH GLDJQyVWLFR  

%$,/$3+$9$ 

8VH DV WHFODV K P H GH GLPLQXLomR QR SDLQHO GH


LQVWUXPHQWRV SDUD QDYHJDU SHOR PHQX ++ DWp + H R
VtPEROR GR EORTXHLR GR GLIHUHQFLDO QR FRQWURODGRU 5%
2 PRQLWRU FHQWUDO LQIHULRU H[LELUi &$/

%$,/++3)9' 

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

3UHVVLRQH R LQWHUUXSWRU GH EORTXHLR GR GLIHUHQFLDO DXWR


PiWLFR WUrV YH]HV

%5-* 

2 PRQLWRU FHQWUDO LQIHULRU LUi PRVWUDU 6F3 VHJXLGR GD


OHLWXUD DWXDO GR VHQVRU GH GLUHomR
127$ 6H R PRQLWRU PRVWUDU  p QHFHVViULR DWLYDU D
RSomR GR VHQVRU GH GLUHomR DWUDYpV GR PHQX + DQWHV GH
FDOLEUDU R VHQVRU GH GLUHomR

%$,/&&0$9$ 

*LUH R YRODQWH GH PRGR TXH DV URGDV GLDQWHLUDV ¿TXHP


DOLQKDGDV FRP R FRQMXQWR GH DFLRQDPHQWR
3UHVVLRQH R LQWHUUXSWRU GH EORTXHLR GR GLIHUHQFLDO DXWR
PiWLFR WUrV YH]HV

%5-* 

2 PRQLWRU FHQWUDO LQIHULRU LUi H[LELU D OHLWXUD GR VHQVRU


GH GLUHomR FDOLEUDGR H HP VHJXLGD (QG LQGLFDQGR
TXH R SURFHGLPHQWR GH FDOLEUDomR WHUPLQRX

%$,/&&0$9$ 

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

'HVOLJXH D FKDYH SDUD DUPD]HQDU RV YDORUHV GH FDOL


EUDomR
127$ 6H R YHtFXOR HVWLYHU HTXLSDGR FRP ,QWHOOL6WHHUŒ
FHUWL¿TXHVH GH TXH R VHQVRU GR kQJXOR GH GLUHomR HVWHMD
FRQHFWDGR DR FKLFRWH GR ¿R GR PRWRU SULQFLSDO HP YH] GH
DR FKLFRWH GR ¿R GD RULHQWDomR DXWRPiWLFD GXUDQWH R SUR
FHGLPHQWR GH FDOLEUDomR $SyV D FDOLEUDomR R VHQVRU GR
kQJXOR GH GLUHomR GHYH VHU UHFRQHFWDGR DR FKLFRWH GD RUL
HQWDomR DXWRPiWLFD

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

0yGXOR HOHWU{QLFR 8QLGDGH GH &RQWUROH &HQWUDO &&8  +  ([LELU


RV YDORUHV GH FDOLEUDomR DUPD]HQDGRV
$ XQLGDGH GH FRQWUROH FHQWUDO 5% p XVDGD SDUD YL
VXDOL]DU RV YDORUHV GH FDOLEUDomR DUPD]HQDGRV GRV VH
JXLQWHV FRPSRQHQWHV
‡ 7UDQVPLVVmR 636
‡ ('&
‡ 7'3 WUDVHLUD
‡ 6HQVRU GH GLUHomR

'LDJUDPD GH VHOHomR GD WHOD + 0HQX

%$,/&&0)9% 

9DORUHV GH FDOLEUDomR GD WUDQVPLVVmR 636


8VH RV ERW}HV K P H GH GLPLQXLomR DV WHFODV QR
SDLQHO GH LQVWUXPHQWRV SDUD QDYHJDU QRV PHQXV ++ DWp
+ H R VtPEROR GD WUDQVPLVVmR QR FRQWURODGRU 5%
2 PRQLWRU FHQWUDO LQIHULRU LUi H[LELU FKB B

%$,/&&0$9% 

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

2 FDQDO QHFHVViULR SRGH VHU VHOHFLRQDGR FRP RV ER


W}HV K P H GH GLPLQXLomR
$SyV XP DWUDVR R Q~PHUR GR FDQDO VHJXLGR SHOD OHWUD
GD HPEUHDJHP R YDORU GH FDOLEUDomR H R YDORU GD WHP
SHUDWXUD GD WUDQVPLVVmR GH FDOLEUDomR VHUmR H[LELGRV
FRQVXOWH D WDEHOD DEDL[R SDUD REWHU XPD GHVFULomR GH
FDGD FDQDO 
1HVWH H[HPSOR R YDORU GH FDOLEUDomR GD HPEUHDJHP $
p GH  P$ D XPD WHPSHUDWXUD GH  ƒ&

%$,/&97$9% 

1~PHUR GR FDQDO 3DUkPHWUR GH &DOLEUDomR


&DQDO  &RUUHQWH H WHPSHUDWXUD GH FDOLEUDomR GD HPEUHDJHP $
&DQDO  &RUUHQWH H WHPSHUDWXUD GH FDOLEUDomR GD HPEUHDJHP %
&DQDO  &RUUHQWH H WHPSHUDWXUD GH FDOLEUDomR GD HPEUHDJHP &
&DQDO  &RUUHQWH H WHPSHUDWXUD GH FDOLEUDomR GD HPEUHDJHP '
&DQDO  &RUUHQWH H WHPSHUDWXUD GH FDOLEUDomR GD HPEUHDJHP (
&DQDO  &RUUHQWH H WHPSHUDWXUD GH FDOLEUDomR GD HPEUHDJHP )
&DQDO  &RUUHQWH H WHPSHUDWXUD GH FDOLEUDomR GD HPEUHDJHP )
&DQDO  &RUUHQWH H WHPSHUDWXUD GH FDOLEUDomR GD HPEUHDJHP )
&DQDO  &RUUHQWH H WHPSHUDWXUD GH FDOLEUDomR GD HPEUHDJHP )
&DQDO  &RUUHQWH H WHPSHUDWXUD GH FDOLEUDomR GD HPEUHDJHP 5
&DQDO  9DORU GH FDOLEUDomR GR DPRUWHFHGRU GR YRODQWH
&DQDO  9DORU GH FDOLEUDomR GH WRUomR GD 7'3
&DQDO  9DORU GH DMXVWH GR UDGDU

3UHVVLRQH R ERWmR GH GLPLQXLomR SDUD FRQWLQXDU QDYH


JDQGR SHORV PHQXV ++

9DORUHV GH FDOLEUDomR GD YiOYXOD ('&


8VH RV ERW}HV K P H GH GLPLQXLomR QR SDLQHO GH
LQVWUXPHQWRV SDUD QDYHJDU SHORV PHQXV ++ DWp + H R
VtPEROR GH ('& QR FRQWURODGRU 5%
2 PRQLWRU FHQWUDO LQIHULRU LUi H[LELU FKB B

%$,/&&0$9% 

2 FDQDO QHFHVViULR SRGH VHU VHOHFLRQDGR FRP RV ER


W}HV K P H GH GLPLQXLomR
$SyV H[LELU R Q~PHUR GR FDQDO R YDORU GH FDOLEUDomR
GHVVH FDQDO VHUi H[LELGR FRQVXOWH D WDEHOD DEDL[R SDUD
REWHU XPD GHVFULomR GH FDGD FDQDO 

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

1~PHUR GR FDQDO 'HVFULomR 0RQLWRU ,QWHUYDOR GH YDORUHV


&DQDO  9DORU GH FDOLEUDomR GR 5 [[  D 
VROHQRLGH GH HOHYDomR RQGH [[ p R YDORU GH
FDOLEUDomR
&DQDO  9DORU GH FDOLEUDomR GH / [[  D 
VROHQRLGH GH DEDL[DPHQWR RQGH [[ p R YDORU GH
FDOLEUDomR

127$ 2 YDORU GH FDOLEUDomR SDGUmR GH¿QLGRV GXUDQWH R SURFHGLPHQWR + p  WDQWR SDUD R VROHQRLGH GH HOHYDomR
FRPR SDUD R GH DEDL[DPHQWR
3UHVVLRQH R ERWmR GH GLPLQXLomR SDUD FRQWLQXDU QDYH
JDQGR SHORV PHQXV ++

9DORUHV GH FDOLEUDomR GD 7'3 WUDVHLUD


8VH RV ERW}HV K P H GH GLPLQXLomR QR SDLQHO GH
LQVWUXPHQWRV SDUD QDYHJDU SHORV PHQXV ++ DWp + H R
VtPEROR 7'3 WUDVHLUD QR FRQWURODGRU 5%
2 PRQLWRU FHQWUDO LQIHULRU LUi H[LELU FKB B

%$,/&&0$9% 

2 FDQDO QHFHVViULR SRGH VHU VHOHFLRQDGR FRP RV ER


W}HV K P H GH GLPLQXLomR
$SyV H[LELU R Q~PHUR GR FDQDO R YDORU GH FDOLEUDomR
GHVVH FDQDO VHUi H[LELGR FRQVXOWH D WDEHOD DEDL[R SDUD
REWHU XPD GHVFULomR GH FDGD FDQDO 

1~PHUR GR FDQDO 3DUkPHWUR 9DORUHV WtSLFRV


&DQDO  7HPSHUDWXUD GR yOHR GD 7'3  D 
&DQDO  9DORU GH FDOLEUDomR GR VROHQRLGH GD 7'3 WUDVHLUD  D 

127$ 2 YDORU GH FDOLEUDomR GR VROHQRLGH GD 7'3 WUDVHLUD H[LELGR QR FDQDO  p FRPR XP UHVXOWDGR GH XPD FDOLEUDomR
DXWRPiWLFD TXH p LQLFLDGD DR OLJDU D 7'3
3UHVVLRQH R ERWmR GH GLPLQXLomR SDUD FRQWLQXDU QDYH
JDQGR SHORV PHQXV ++

9DORUHV GH FDOLEUDomR GR VHQVRU GH GLUHomR


8VH RV ERW}HV K P H GH GLPLQXLomR QR SDLQHO GH
LQVWUXPHQWRV SDUD QDYHJDU SHORV PHQXV ++ DWp + H R
VtPEROR GR EORTXHLR GR GLIHUHQFLDO WUDVHLUR QR FRQWUROD
GRU 5%
2 PRQLWRU FHQWUDO LQIHULRU LUi H[LELU FKB B

%$,/&&0$9% 

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

2 FDQDO QHFHVViULR SRGH VHU VHOHFLRQDGR FRP RV ER


W}HV K P H GH GLPLQXLomR
$SyV H[LELU R Q~PHUR GR FDQDO R YDORU GH FDOLEUDomR
GHVVH FDQDO VHUi H[LELGR FRQVXOWH D WDEHOD DEDL[R SDUD
REWHU XPD GHVFULomR GH FDGD FDQDO 

1~PHUR GR FDQDO 'HVFULomR ,QWHUYDOR GH YDORUHV


&DQDO  9DORU GH FDOLEUDomR GR VHQVRU GH  D 
GLUHomR

127$ 2 YDORU GH FDOLEUDomR SDGUmR SDUD R VHQVRU GH GLUHomR GH¿QLGR GXUDQWH R SURFHGLPHQWR + p 
3UHVVLRQH R ERWmR GH GLPLQXLomR SDUD FRQWLQXDU QDYH
JDQGR SHORV PHQXV ++

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

0yGXOR HOHWU{QLFR 8QLGDGH GH &RQWUROH &HQWUDO &&8  + 


&RQ¿JXUDo}HV H RSo}HV
$ XQLGDGH GH FRQWUROH FHQWUDO &&8  0yGXOR 5% p
XVDGD SDUD VHOHFLRQDU DV RSo}HV H FRQ¿JXUDo}HV SDUD
‡ 7UDQVPLVVmR 636
‡ ('&
‡ 0RWRU HOHWU{QLFR
‡ %ORTXHLR GR GLIHUHQFLDO H 7UDomR QDV TXDWUR URGDV
‡ 7'3 WUDVHLUD
‡ 6HTXrQFLD GH YLUDGD HP FDEHFHLUD +76

'LDJUDPD GH VHOHomR GD WHOD GR + 0HQX

%$,/&&0)9' 

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

2So}HV H FRQ¿JXUDo}HV GD WUDQVPLVVmR


8VH RV ERW}HV K P H GH GLPLQXLomR QR SDLQHO GH
LQVWUXPHQWRV SDUD QDYHJDU SHORV PHQXV ++ DWp + H R
VtPEROR GD WUDQVPLVVmR QR FRQWURODGRU 5%
2 PRQLWRU FHQWUDO LQIHULRU LUi H[LELU FKB B

%$,/&&0$9% 

2 FDQDO QHFHVViULR SRGH VHU VHOHFLRQDGR DWUDYpV GRV


ERW}HV K H P
$SyV XP DWUDVR R Q~PHUR GR FDQDO VHJXLGR SHOD VH
OHomR DWXDO VHUi H[LELGR FRQVXOWH D WDEHOD DEDL[R SDUD
REWHU XPD GHVFULomR GH FDGD FDQDO 

&DQDO 'HVFULomR
&DQDO  $WLYDomRGHVDWLYDomR GD RSomR GR VXSHUUHGXWRU
&DQDO  5HVWULomR GD YHORFLGDGH Pi[LPD GH  NPK
&DQDO  6HOHomR GR VHQVRU GH SUHVVmR GR yOHR GD WUDQVPLVVmR
&DQDO  $MXVWH GR HQFKLPHQWR UiSLGR GR VROHQRLGH GD HPEUHDJHP $
&DQDO  $MXVWH GR HQFKLPHQWR UiSLGR GR VROHQRLGH GD HPEUHDJHP %
&DQDO  $MXVWH GR HQFKLPHQWR UiSLGR GR VROHQRLGH GD HPEUHDJHP &
&DQDO  $MXVWH GR HQFKLPHQWR UiSLGR GR VROHQRLGH GD HPEUHDJHP '
&DQDO  $MXVWH GR HQFKLPHQWR UiSLGR GR VROHQRLGH GD HPEUHDJHP (
&DQDO  $MXVWH GR HQFKLPHQWR UiSLGR GR VROHQRLGH GD HPEUHDJHP GD  PDUFKD VRPHQWH WUDQVPLVVmR
 NPK
&DQDO  2SomR GH SQHX JUDQGH

&DQDO   $WLYDomRGHVDWLYDomR GR VXSHUUHGXWRU


$SyV XP DWUDVR D RSomR DUPD]HQDGD DWXDO VHUi H[L
ELGD

%$,/&&0$9$ 

8VH RV ERW}HV K H P SDUD DOWHUQDU HQWUH DV RSo}HV


GLVSRQtYHLV
<(6  6XSHUUHGXWRU DWLYDGR
QR  6XSHUUHGXWRU GHVDWLYDGR
4XDQGR D RSomR GHVHMDGD IRU H[LELGD PDQWHQKD SUHV
VLRQDGR R ERWmR K RX P DWp TXH R SDLQHO GH LQVWUX
PHQWRV VRH XP ELSH LQGLFDQGR TXH D VHOHomR IRL DUPD
]HQDGD

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

3UHVVLRQH R ERWmR GH GLPLQXLomR SDUD FRQWLQXDU QDYH


JDQGR SHORV PHQXV ++

&DQDO   5HVWULomR GD YHORFLGDGH Pi[LPD GH  NPK


$SyV XP DWUDVR D RSomR DUPD]HQDGD DWXDO VHUi H[L
ELGD

%$,/&&0$9$ 

8VH RV ERW}HV K H P SDUD DOWHUQDU HQWUH DV RSo}HV


GLVSRQtYHLV
<(6  5HVWULWR HP  NPK
QR  6HP UHVWULomR
4XDQGR D RSomR GHVHMDGD IRU H[LELGD PDQWHQKD SUHV
VLRQDGR R ERWmR K RX P DWp TXH R SDLQHO GH LQVWUX
PHQWRV VRH XP ELSH LQGLFDQGR TXH D VHOHomR IRL DUPD
]HQDGD
3UHVVLRQH R ERWmR GH GLPLQXLomR SDUD FRQWLQXDU QDYH
JDQGR SHORV PHQXV ++

&DQDO   6HOHomR GR VHQVRU GH SUHVVmR GR yOHR GD WUDQVPLVVmR


(VWH FDQDO p XVDGR SDUD VHOHFLRQDU TXH WLSR GH VHQVRU
GH SUHVVmR GR yOHR GD WUDQVPLVVmR HVWi LQVWDODGR XP
LQWHUUXSWRU GH SUHVVmR RX XP WUDQVGXWRU GH SUHVVmR
$SyV XP DWUDVR D RSomR DUPD]HQDGD DWXDO VHUi H[L
ELGD

%$,/$3+$9% 

8VH RV ERW}HV K H P SDUD DOWHUQDU HQWUH DV RSo}HV


GLVSRQtYHLV
36  ,QWHUUXSWRU GH SUHVVmR
3W  7UDQVGXWRU GH SUHVVmR
4XDQGR D RSomR GHVHMDGD IRU H[LELGD PDQWHQKD SUHV
VLRQDGR R ERWmR K RX P DWp TXH R SDLQHO GH LQVWUX
PHQWRV VRH XP ELSH LQGLFDQGR TXH D VHOHomR IRL DUPD
]HQDGD
3UHVVLRQH R ERWmR GH GLPLQXLomR SDUD FRQWLQXDU QDYH
JDQGR SHORV PHQXV ++

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

&DQDO  D   $MXVWH GH HQFKLPHQWR UiSLGR GR VROHQRLGH GD HPEUHDJHP


(VWHV FDQDLV VmR XVDGRV SDUD DMXVWDU RV YDORUHV GH
DFLRQDPHQWR UiSLGR GRV VROHQRLGHV GD HPEUHDJHP
6HOHFLRQH R FDQDO QHFHVViULR XVDQGR RV ERW}HV K H
P FRQVXOWH D WDEHOD D VHJXLU SDUD REWHU XPD GHVFUL
omR GH FDGD FDQDO 

1~PHUR GR FDQDO 'HVFULomR


&DQDO  $MXVWH GR HQFKLPHQWR UiSLGR GR VROHQRLGH GD HPEUHDJHP $
&DQDO  $MXVWH GR HQFKLPHQWR UiSLGR GR VROHQRLGH GD HPEUHDJHP %
&DQDO  $MXVWH GR HQFKLPHQWR UiSLGR GR VROHQRLGH GD HPEUHDJHP &
&DQDO  $MXVWH GR HQFKLPHQWR UiSLGR GR VROHQRLGH GD HPEUHDJHP '
&DQDO  $MXVWH GR HQFKLPHQWR UiSLGR GR VROHQRLGH GD HPEUHDJHP (
&DQDO  $MXVWH GR HQFKLPHQWR UiSLGR GR VROHQRLGH GD HPEUHDJHP GD  PDUFKD
VRPHQWH WUDQVPLVVmR  NPK

8VH R ERWmR K SDUD DXPHQWDU D YDORU H R ERWmR P


SDUD GLPLQXLU R YDORU HQWUH GR PtQLPR GH  H R Pi[LPR
GH  R TXH UHSUHVHQWD  ±  PV

127$ 6H RV ERW}HV K RX P VmR IRUHP SUHVVLRQDGRV SRU WUrV VHJXQGRV R YDORU p FRQJHODGR PDV QmR DUPD]H
QDGR
4XDQGR R YDORU GHVHMDGR IRU H[LELGR PDQWHQKD SUHV
VLRQDGR R ERWmR K RX P DWp TXH R SDLQHO GH LQVWUX
PHQWRV VRH XP ELSH LQGLFDQGR TXH D VHOHomR IRL DUPD
]HQDGD
3UHVVLRQH R ERWmR GH GLPLQXLomR SDUD FRQWLQXDU QDYH
JDQGR SHORV PHQXV ++

&DQDO   2SomR GH SQHX JUDQGH


(VWH FDQDO p XVDGR SDUD VHOHFLRQDU VH D RSomR GH SQHX
JUDQGH HVWi DWLYDGD RX GHVDWLYDGD 6H D RSomR GH
SQHX JUDQGH HVWLYHU DWLYDGD D YHORFLGDGH HIHWLYD GR
WUDWRU VHUi OLPLWDGD D  NPK RX  NPK FRQIRUPH
DSURSULDGR
$SyV XP DWUDVR D RSomR DUPD]HQDGD DWXDO VHUi H[L
ELGD

%$,/$3+$9' 

8VH RV ERW}HV K H P SDUD DOWHUQDU HQWUH DV RSo}HV


GLVSRQtYHLV
/WR  2SomR GH SQHX JUDQGH DWLYDGD
2))  2SomR GH SQHX JUDQGH GHVDWLYDGD
4XDQGR D RSomR GHVHMDGD IRU H[LELGD PDQWHQKD SUHV
VLRQDGR R ERWmR K RX P DWp TXH R SDLQHO GH LQVWUX
PHQWRV VRH XP ELSH LQGLFDQGR TXH D VHOHomR IRL DUPD
]HQDGD
3UHVVLRQH R ERWmR GH GLPLQXLomR SDUD FRQWLQXDU QDYH
JDQGR SHORV PHQXV ++

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

2So}HV H FRQ¿JXUDo}HV GD ('&


8VH DV WHFODV K P H GH GLPLQXLomR QR SDLQHO GH
LQVWUXPHQWRV SDUD QDYHJDU DWp + GRV PHQXV ++ H R
VtPEROR GH ('& QR FRQWURODGRU 5%
$ VHomR FHQWUDO LQIHULRU PRQLWRU LUi H[LELU FKB B

%$,/&&0$9& 

2 FDQDO QHFHVViULR SRGH VHU VHOHFLRQDGR DWUDYpV GRV


ERW}HV K H P
$SyV XP DWUDVR R Q~PHUR GR FDQDO VHJXLGR SHOD VH
OHomR DWXDO VHUi H[LELGR FRQVXOWH D WDEHOD DEDL[R SDUD
REWHU XPD GHVFULomR GH FDGD FDQDO 

1~PHUR GR FDQDO 'HVFULomR


&DQDO  'LkPHWUR GRV FLOLQGURV H[WHUQRV GH HOHYDomR KLGUiXOLFD
&DQDO  $WLYDomRGHVDWLYDomR GD ('&
&DQDO  $WLYDomRGHVDWLYDomR GR FRQWUROH GH SDWLQDJHP

&DQDO   'LkPHWUR GRV FLOLQGURV H[WHUQRV GH HOHYDomR KLGUiXOLFD


$SyV XP DWUDVR D RSomR DUPD]HQDGD DWXDO VHUi H[L
ELGD

%$,/&&0$9$ 

8VH RV ERW}HV K H P SDUD DOWHUQDU HQWUH RV WDPD


QKRV GLVSRQtYHLV GH GLkPHWUR GR FLOLQGUR H[WHUQR
 PP
 PP
 PP
4XDQGR D RSomR GHVHMDGD IRU H[LELGD PDQWHQKD SUHV
VLRQDGR R ERWmR K RX P DWp TXH R SDLQHO GH LQVWUX
PHQWRV VRH XP ELSH LQGLFDQGR TXH D VHOHomR IRL DUPD
]HQDGD

127$ 2 DMXVWH SDGUmR SDUD HVVD RSomR p GHI 6H GHI IRU H[LELGR HVWH FDQDO GHYH VHU XVDGR SDUD VHOHFLRQDU R
WDPDQKR DSURSULDGR GR FLOLQGUR FDVR FRQWUiULR R FyGLJR GH IDOKD  VHUi PRVWUDGR
3UHVVLRQH R ERWmR GH GLPLQXLomR SDUD FRQWLQXDU QDYH
JDQGR SHORV PHQXV ++

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

&DQDO   $WLYDomRGHVDWLYDomR GD ('&


$SyV XP DWUDVR D RSomR DUPD]HQDGD DWXDO VHUi H[L
ELGD

%$,/&&0$9$ 

8VH RV ERW}HV K H P SDUD DOWHUQDU HQWUH DV RSo}HV


GLVSRQtYHLV
<(6  ('& DWLYDGD
QR  ('& GHVDWLYDGD
4XDQGR D RSomR GHVHMDGD IRU H[LELGD PDQWHQKD SUHV
VLRQDGR R ERWmR K H P DWp TXH R SDLQHO GH LQVWUX
PHQWRV HPLWH XP ELSH LQGLFDQGR TXH D VHOHomR IRL DU
PD]HQDGD

127$ $SyV XP + GR VLVWHPD GR ('& RX D LQVWDODomR GH XP QRYR FRQWURODGRU 8&0 SDUD R WUDWRU VHUi H[HFXWDGR
XP SURFHGLPHQWR GH GHWHFomR DXWRPiWLFD SDUD GHWHUPLQDU VH R YHtFXOR HVWi HTXLSDGR FRP RV FRQWUROHV GH ('& H R
VLVWHPD VHUi DWLYDGR RX GHVDWLYDGR FRQIRUPH DSURSULDGR 2 HVWDGR GR VLVWHPD VHUi UHÀHWLGR QR YDORU H[LELGR QHVWH
FDQDO

127$ $ FRQ¿JXUDomR SDGUmR SDUD HVWD RSomR p 12 GHVDWLYDGR 

127$ 6H D RSomR ('& HVWLYHU GHVDWLYDGD XVDQGR HVWH FDQDO RX DWUDYpV GD GHWHFomR DXWRPiWLFD SRU SDGUmR D
RSomR GH SDWLQDJHP WDPEpP VHUi GHVDWLYDGD H R FDQDO  QmR HVWDUi GLVSRQtYHO
3UHVVLRQH R ERWmR GH GLPLQXLomR SDUD FRQWLQXDU QDYH
JDQGR SHORV PHQXV ++

&DQDO   $WLYDomRGHVDWLYDomR GR FRQWUROH GH SDWLQDJHP


$SyV XP DWUDVR D RSomR DUPD]HQDGD DWXDO VHUi H[L
ELGD

%$,/&&0$9$ 

8VH RV ERW}HV K H P SDUD DOWHUQDU HQWUH DV RSo}HV


GLVSRQtYHLV
<(6  &RQWUROH GH SDWLQDJHP DWLYDGR
QR  &RQWUROH GH SDWLQDJHP GHVDWLYDGR
4XDQGR D RSomR GHVHMDGD IRU H[LELGD PDQWHQKD SUHV
VLRQDGR R ERWmR K H P DWp TXH R SDLQHO GH LQVWUX
PHQWRV HPLWH XP ELSH LQGLFDQGR TXH D VHOHomR IRL DU
PD]HQDGD

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

127$ $SyV XP + GR VLVWHPD GR ('& RX D LQVWDODomR GH XP QRYR FRQWURODGRU 8&0 SDUD R WUDWRU VHUi H[HFXWDGR XP
SURFHGLPHQWR GH GHWHFomR DXWRPiWLFD SDUD GHWHUPLQDU VH R YHtFXOR HVWi HTXLSDGR FRP RV FRQWUROHV GH GHVOL]DPHQWR
H R VLVWHPD VHUi DWLYDGR RX GHVDWLYDGR FRQIRUPH DSURSULDGR 2 HVWDGR GR VLVWHPD VHUi UHÀHWLGR QR YDORU H[LELGR
QHVWH FDQDO

127$ $ FRQ¿JXUDomR SDGUmR SDUD HVWD RSomR p 1mR PDV VHUi DMXVWDGD DXWRPDWLFDPHQWH SDUD 6LP VH R VLVWHPD
GH FRQWUROH GH GHVOL]DPHQWR IRU GHWHFWDGR

127$ 6H D RSomR ('& IRL GHVDWLYDGD XVDQGR R FDQDO  HVWH FDQDO QmR HVWDUi GLVSRQtYHO SDUD VHOHomR

2So}HV GR PRWRU HOHWU{QLFR


8VH RV ERW}HV K P H GLPLQXLomR QR SDLQHO GH LQV
WUXPHQWRV SUD QDYHJDU DWp + QRV ++ H R VtPEROR GR
PRWRU QR FRQWURODGRU 5%
$ VHomR FHQWUDO LQIHULRU PRQLWRU LUi H[LELU FKB B

%$,/&&0$9& 

2 FDQDO QHFHVViULR SRGH VHU VHOHFLRQDGR DWUDYpV GRV


ERW}HV K H P
$SyV XP DWUDVR R Q~PHUR GR FDQDO VHJXLGR SHOD VH
OHomR DWXDO VHUi H[LELGR FRQVXOWH D WDEHOD DEDL[R SDUD
REWHU XPD GHVFULomR GH FDGD FDQDO 

1~PHUR GR FDQDO 'HVFULomR


&DQDO  7HVWH GH DXPHQWR GH SRWrQFLD GR GLQDP{PHWUR
&DQDO  2SomR GH PRGRV DXWRPiWLFRV
&DQDO  6HOHomR GD JUHOKD DTXHFHGRUD
&DQDO  6HOHomR GR DTXHFHGRU GR ¿OWUR GH FRPEXVWtYHO

&DQDO   7HVWH GH DXPHQWR GH SRWrQFLD GR GLQDP{PHWUR


(VWH FDQDO p XVDGR SDUD SHUPLWLU TXH R WUDWRU VHMD WHV
WDGR FRP R DXPHQWR GH SRWrQFLD Pi[LPR GR GLQDP{
PHWUR
8VH RV ERW}HV K H P SDUD DOWHUQDU HQWUH DV RSo}HV
GLVSRQtYHLV
2))  2 PRGR GH WHVWH GH DXPHQWR GH SRWrQFLD GR
GLQDP{PHWUR HVWi GHVOLJDGR RSHUDomR QRUPDO GR YHt
FXOR 
6WG  2 PRGR GH WHVWH GH DXPHQWR GH SRWrQFLD GR
GLQDP{PHWUR HVWi OLJDGR FXUYD VHP DXPHQWR UHWR VHP
QHQKXPD OLPLWDomR 
E6W  2 PRGR GH WHVWH GH DXPHQWR GH SRWrQFLD GR
GLQDP{PHWUR HVWi OLJDGR FXUYD FRP DXPHQWR UHWR VHP
QHQKXPD OLPLWDomR 
4XDQGR D RSomR GHVHMDGD IRU H[LELGD PDQWHQKD SUHV
VLRQDGR R ERWmR K H P DWp TXH R SDLQHO GH LQVWUX
PHQWRV HPLWH XP ELSH LQGLFDQGR TXH D VHOHomR IRL DU
PD]HQDGD

127$ 6H DWLYDGR R WHVWH GH DXPHQWR GH SRWrQFLD GR GLQDP{PHWUR ¿FDUi DWLYR SRU VRPHQWH  PLQXWRV

127$ 2 DMXVWH SDGUmR SDUD HVWD RSomR p 2)) GHVOLJDGR 

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

3UHVVLRQH R ERWmR GH GLPLQXLomR SDUD FRQWLQXDU QDYH


JDQGR SHORV PHQXV ++

&DQDO   2SomR GH PRGRV DXWRPiWLFRV


(VWH FDQDO p XVDGR SDUD DWLYDU RX GHVDWLYDU RV PRGRV
DXWRPiWLFRV GR YHtFXOR SRU H[HPSOR PXGDQoD DXWR
PiWLFD &530 H 3RZHUERRVW
$SyV XP DWUDVR D RSomR DUPD]HQDGD DWXDO VHUi H[L
ELGD

%$,/&&0$9$ 

8VH RV ERW}HV K H P SDUD DOWHUQDU HQWUH DV RSo}HV


GLVSRQtYHLV
<(6  PRGRV DXWRPiWLFRV DWLYDGRV
1R  PRGRV DXWRPiWLFRV GHVDWLYDGRV
4XDQGR D RSomR GHVHMDGD IRU H[LELGD PDQWHQKD SUHV
VLRQDGR R ERWmR K H P DWp TXH R SDLQHO GH LQVWUX
PHQWRV HPLWH XP ELSH LQGLFDQGR TXH D VHOHomR IRL DU
PD]HQDGD
3UHVVLRQH R ERWmR GH GLPLQXLomR SDUD FRQWLQXDU QDYH
JDQGR SHORV PHQXV ++

&DQDO   6HOHomR GD JUHOKD DTXHFHGRUD


$SyV XP DWUDVR D RSomR DUPD]HQDGD DWXDO VHUi H[L
ELGD

%$,/&&0$9$ 

8VH RV ERW}HV K RX P SDUD DOWHUQDU HQWUH DV RSo}HV


GLVSRQtYHLV
<HV  *UHOKD DTXHFHGRUD LQVWDODGD
1R  *UHOKD DTXHFHGRUD QmR LQVWDODGD

127$ $ FRQ¿JXUDomR SDGUmR SDUD HVWD RSomR p <(6 LQVWDODGD 


4XDQGR D RSomR GHVHMDGD IRU H[LELGD PDQWHQKD SUHV
VLRQDGR R ERWmR K RX P DWp TXH R SDLQHO GH LQVWUX
PHQWRV HPLWD XP ELSH LQGLFDQGR TXH D VHOHomR IRL DU
PD]HQDGD

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

3UHVVLRQH R ERWmR GH GLPLQXLomR SDUD FRQWLQXDU QDYH


JDQGR SHORV PHQXV ++

&DQDO   6HOHomR GR DTXHFHGRU GR ¿OWUR GH FRPEXVWtYHO


$SyV XP DWUDVR D RSomR DUPD]HQDGD DWXDO VHUi H[L
ELGD

%$,/&97$9$ 

8VH RV ERW}HV K H P SDUD DOWHUQDU HQWUH DV RSo}HV


GLVSRQtYHLV
<(6  $TXHFHGRU GR ¿OWUR GH FRPEXVWtYHO DWLYDGR
QR  )LOWUR GH FRPEXVWtYHO GHVDWLYDGR

127$ $ FRQ¿JXUDomR SDGUmR SDUD HVWD RSomR p 12 GHVDWLYDGR 


4XDQGR D RSomR GHVHMDGD IRU H[LELGD PDQWHQKD SUHV
VLRQDGR R ERWmR K RX P DWp TXH R SDLQHO GH LQVWUX
PHQWRV HPLWH XP ELSH LQGLFDQGR TXH D VHOHomR IRL DU
PD]HQDGD
3UHVVLRQH R ERWmR GH GLPLQXLomR SDUD FRQWLQXDU QDYH
JDQGR SHORV PHQXV ++

2So}HV GH EORTXHLR GR GLIHUHQFLDO H WUDomR QDV TXDWUR URGDV


8VH RV ERW}HV K P H GH GLPLQXLomR QR SDLQHO GH
LQVWUXPHQWRV SDUD QDYHJDU DWp + QRV PHQXV ++ H R
VtPEROR GH EORTXHLR GR GLIHUHQFLDO QR FRQWURODGRU 5%
$ VHomR FHQWUDO LQIHULRU GR PRQLWRU LUi H[LELU FKB B

%$,/&&0$9& 

2 FDQDO QHFHVViULR SRGH VHU VHOHFLRQDGR DWUDYpV GRV


ERW}HV K H P
'HSRLV GH XP UHWDUGR D FRQ¿JXUDomR GD RSomR DWXDO
VHUi H[LELGD FRQVXOWH D WDEHOD DEDL[R SDUD REWHU D GH
VFULomR GH FDGD FDQDO 

1~PHUR GR FDQDO 'HVFULomR


&DQDO  1mR XWLOL]DGR
&DQDO  1mR XWLOL]DGR
&DQDO  ÆQJXORV GH 7HUUDORFN HL[R GLDQWHLUR
&DQDO  6HOHomR GH YHORFLGDGH GH IUHQDJHP ):'

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

&DQDO   7LSR GH HL[R


(VWH FDQDO QmR p XVDGR H B B B VHUi H[LELGR

&DQDO   6HOHomR GD WUDomR QDV TXDWUR URGDV


(VWH FDQDO QmR p XVDGR H B B B VHUi H[LELGR

&DQDO   ÆQJXORV GR HL[R GLDQWHLUR


(VWH FDQDO p XVDGR SDUD VHOHFLRQDU R kQJXOR GH GLUHomR
HP TXH DV IXQo}HV GH EORTXHLR GR GLIHUHQFLDO DXWRPi
WLFR H WUDomR QDV TXDWUR URGDV DXWRPiWLFD LUmR HQJDWDU
H GHVHQJDWDU
$SyV XP DWUDVR D RSomR DUPD]HQDGD DWXDO VHUi H[L
ELGD

%$,/&&0$9$ 

8VH RV ERW}HV K H P SDUD DOWHUQDU HQWUH DV RSo}HV


GLVSRQtYHLV    RX  FRQVXOWH D WDEHOD DEDL[R
SDUD REWHU RV kQJXORV GH GLUHomR TXH FRUUHVSRQGHP D
FDGD RSomR

127$ +i XPD KLVWHUHVH GH  NPK QD YHORFLGDGH GR YHtFXOR


+i XPD KLVWHUHVH GH ƒ QR kQJXOR GH GLUHomR GR HL[R SDGUmR

 ±  ±  ±  ±  ±  ±  ±  ±
 NPK  NPK  NPK  NPK  NPK  NPK  NPK  NPK
7UDomR 7UDomR $XWRPi $XWRPi $XWRPi $XWRPi 7UDomR 7UDomR
QDV TXDWUR QDV TXD WLFR WLFR WLFR WLFR QDV TXD QDV TXDWUR
URGDV DX WUR URGDV %ORTXHLR %ORTXHLR %ORTXHLR %ORTXHLR WUR URGDV URGDV DX
(L[R SDGUmR
WRPiWLFD DXWRPi GR GLIH GR GLIH GR GR GLIH DXWRPi WRPiWLFD
WLFD UHQFLDO UHQFLDO GLIHUHQFLDO UHQFLDO WLFD
*UDXV *UDXV *UDXV *UDXV *UDXV *UDXV *UDXV *UDXV
SDUD D SDUD D SDUD D SDUD D SDUD D SDUD D SDUD D SDUD D
GLUHLWD HVTXHUGD GLUHLWD HVTXHUGD GLUHLWD HVTXHUGD GLUHLWD HVTXHUGD
2SomR  ƒ ƒ ƒ ƒ ƒ ƒ ƒ ƒ
2SomR  ƒ ƒ ƒ ƒ ƒ ƒ ƒ ƒ
2SomR  ƒ ƒ ƒ ƒ ƒ ƒ ƒ ƒ
2SomR  ƒ ƒ ƒ ƒ ƒ ƒ ƒ ƒ

4XDQGR D RSomR GHVHMDGD IRU H[LELGD PDQWHQKD SUHV


VLRQDGR R ERWmR K RX P DWp TXH R SDLQHO GH LQVWUX
PHQWRV HPLWD XP ELSH LQGLFDQGR TXH D VHOHomR IRL DU
PD]HQDGD
3UHVVLRQH R ERWmR GH GLPLQXLomR SDUD FRQWLQXDU QDYH
JDQGR SHORV PHQXV ++

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

&DQDO   6HOHomR GD YHORFLGDGH GH IUHQDJHP ):'


(VVD RSomR p XVDGD SDUD VHOHFLRQDU D YHORFLGDGH HIH
WLYD DEDL[R GD TXDO D IUHQDJHP QDV TXDWUR URGDV QmR
LUi RFRUUHU
127$ (VWH FDQDO HVWDUi GLVSRQtYHO VRPHQWH VH D RSomR
GH WUDomR QDV TXDWUR URGDV IRL VHOHFLRQDGD
$SyV XP DWUDVR D RSomR DUPD]HQDGD DWXDO VHUi H[L
ELGD
8VH RV ERW}HV K H P SDUD DOWHUQDU HQWUH DV RSo}HV
GLVSRQtYHLV

B
B
B
B
FRQVXOWH D WDEHOD DEDL[R SDUD YHU D GHVFULomR GH FDGD
RSomR

2SFLRQDO B B B B 


(QJDWH GD IUHQDJHP QDV TXDWUR URGDV VH D YHORFLGDGH  .PK  .PK  .PK  .PK  .PK
GD URGD IRU LJXDO RX PDLRU D

127$ $ YHORFLGDGH GH IUHQDJHP QDV TXDWUR URGDV YROWDUi DR SDGUmR GH  NPK HP XP QRYR PyGXOR HOHWU{QLFR
4XDQGR D RSomR GHVHMDGD IRU H[LELGD PDQWHQKD SUHV
VLRQDGR R ERWmR K RX P DWp TXH R SDLQHO GH LQVWUX
PHQWRV HPLWD XP ELSH LQGLFDQGR TXH D VHOHomR IRL DU
PD]HQDGD
3UHVVLRQH R ERWmR GH GLPLQXLomR SDUD FRQWLQXDU QDYH
JDQGR SHORV PHQXV ++

2So}HV H FRQ¿JXUDo}HV GD 7'3 WUDVHLUD


8VH RV ERW}HV K P H GH GLPLQXLomR QR SDLQHO GH
LQVWUXPHQWRV SDUD QDYHJDU DWp + QRV PHQXV ++ H R
VtPEROR GD 7'3 QR FRQWURODGRU 5%
$ VHomR FHQWUDO LQIHULRU PRQLWRU LUi H[LELU FKB B

%$,/&&0$9& 

2 FDQDO QHFHVViULR SRGH VHU VHOHFLRQDGR DWUDYpV GRV


ERW}HV K H P
'HSRLV GH XP UHWDUGR D FRQ¿JXUDomR GD RSomR DWXDO
VHUi H[LELGD FRQVXOWH D WDEHOD DEDL[R SDUD REWHU D GH
VFULomR GH FDGD FDQDO 

1~PHUR GR FDQDO 'HVFULomR


&DQDO  2SomR GH JHUHQFLDPHQWR GD 7'3 WUDVHLUD
&DQDO  6HOHomR GRV LQWHUUXSWRUHV GR SDUDODPD GD 7'3 WUDVHLUD
&DQDO  6HOHomR GD YHORFLGDGH GH TXHGD GD 7'3 WUDVHLUD

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

&DQDO   $WLYDomRGHVDWLYDomR GR JHUHQFLDPHQWR GD 7'3 WUDVHLUD


$SyV XP DWUDVR D RSomR DUPD]HQDGD DWXDO VHUi H[L
ELGD

%$,/&&0$9$ 

8VH RV ERW}HV K H P SDUD DOWHUQDU HQWUH DV RSo}HV


GLVSRQtYHLV
<HV  *HUHQFLDPHQWR GD 7'3 WUDVHLUD DWLYDGR
1R  *HUHQFLDPHQWR GD 7'3 WUDVHLUD GHVDWLYDGR

127$ 2 YDORU SDGUmR HP XP QRYR PyGXOR p QR QmR 


4XDQGR D RSomR GHVHMDGD IRU H[LELGD PDQWHQKD SUHV
VLRQDGR R ERWmR K RX P DWp TXH R SDLQHO GH LQVWUX
PHQWRV HPLWD XP ELSH LQGLFDQGR TXH D VHOHomR IRL DU
PD]HQDGD
3UHVVLRQH R ERWmR GH GLPLQXLomR SDUD FRQWLQXDU QDYH
JDQGR SHORV PHQXV ++

&DQDO   6HOHomR GRV LQWHUUXSWRUHV GR SDUDODPD GD 7'3 WUDVHLUD


$SyV XP DWUDVR D RSomR DUPD]HQDGD DWXDO VHUi H[L
ELGD

%$,/&&0$9$ 

8VH RV ERW}HV K H P SDUD DOWHUQDU HQWUH DV RSo}HV


GLVSRQtYHLV
<HV  ,QWHUUXSWRUHV GR SDUDODPD GD 7'3 WUDVHLUD LQV
WDODGRV
1R  ,QWHUUXSWRUHV GR SDUDODPD GD 7'3 WUDVHLUD QmR
LQVWDODGRV

127$ 2 YDORU SDGUmR HP XP QRYR PyGXOR p QR QmR 


4XDQGR D RSomR GHVHMDGD IRU H[LELGD PDQWHQKD SUHV
VLRQDGR R ERWmR K RX P DWp TXH R SDLQHO GH LQVWUX
PHQWRV HPLWD XP ELSH LQGLFDQGR TXH D VHOHomR IRL DU
PD]HQDGD
3UHVVLRQH R ERWmR GH GLPLQXLomR SDUD FRQWLQXDU QDYH
JDQGR SHORV PHQXV ++

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

&DQDO   6HOHomR GD YHORFLGDGH GH TXHGD GD 7'3 WUDVHLUD


(VWH FDQDO p XVDGR SDUD VHOHFLRQDU D YHORFLGDGH GR
PRWRU DEDL[R GD TXDO D 7'3 LUi VH GHVOLJDU
$SyV XP DWUDVR D RSomR DUPD]HQDGD DWXDO VHUi H[L
ELGD

%$,/&&0$9$ 

8VH R ERWmR K SDUD DXPHQWDU D YDORU H R ERWmR P


SDUD GLPLQXLU R YDORU HP LQFUHPHQWRV GH  530 HQWUH
 ±  530
4XDQGR D YHORFLGDGH GHVHMDGD GR PRWRU IRU H[LELGD
PDQWHQKD SUHVVLRQDGR R ERWmR K RX P DWp TXH R
SDLQHO GH LQVWUXPHQWRV HPLWD XP ELSH LQGLFDQGR TXH D
VHOHomR IRL DUPD]HQDGD

127$ 2 YDORU SDGUmR HP XP QRYR PyGXOR RX VHJXLQGR XPD RSHUDomR + p  530


3UHVVLRQH R ERWmR GH GLPLQXLomR SDUD FRQWLQXDU QDYH
JDQGR SHORV PHQXV ++
2 FDQDO QHFHVViULR SRGH VHU VHOHFLRQDGR DWUDYpV GRV
ERW}HV K H P
'HSRLV GH XP UHWDUGR D FRQ¿JXUDomR GD RSomR DWXDO
VHUi H[LELGD FRQVXOWH D WDEHOD DEDL[R SDUD REWHU D GH
VFULomR GH FDGD FDQDO 

1~PHUR GR FDQDO 'HVFULomR


&DQDO  1mR XWLOL]DGR
&DQDO  &RQ¿JXUDomR GR Q~PHUR GH (+5V
&DQDO  6HOHomR GD ERPED GH DOWR ÀX[R

3UHVVLRQH R ERWmR GH GLPLQXLomR SDUD FRQWLQXDU QDYH


JDQGR SHORV PHQXV ++

&DQDO   1mR p XVDGR


(VWH FDQDO QmR p XVDGR H B B B VHUi H[LELGR

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

&DQDO   &RQ¿JXUDomR GR Q~PHUR GH (+5V


$SyV XP DWUDVR D RSomR DUPD]HQDGD DWXDO VHUi H[L
ELGD

%$,/&97$9$ 

8VH RV ERW}HV K H P SDUD DOWHUQDU HQWUH DV RSo}HV


GLVSRQtYHLV


4XDQGR D RSomR GHVHMDGD IRU H[LELGD PDQWHQKD SUHV
VLRQDGR R ERWmR K RX P DWp TXH R SDLQHO GH LQVWUX
PHQWRV HPLWD XP ELSH LQGLFDQGR TXH D VHOHomR IRL DU
PD]HQDGD
3UHVVLRQH R ERWmR GH GLPLQXLomR SDUD FRQWLQXDU QDYH
JDQGR SHORV PHQXV ++

&DQDO   6HOHomR GD ERPED GH DOWR ÀX[R


$SyV XP DWUDVR D RSomR DUPD]HQDGD DWXDO VHUi H[L
ELGD

%$,/&&0$9$ 

8VH RV ERW}HV K H P SDUD DOWHUQDU HQWUH DV RSo}HV


GLVSRQtYHLV
<(6  %RPED GH DOWR ÀX[R DWLYDGD
1R  %RPED GH DOWR ÀX[R GHVDWLYDGD
4XDQGR D RSomR GHVHMDGD IRU H[LELGD PDQWHQKD SUHV
VLRQDGR R ERWmR K RX P DWp TXH R SDLQHO GH LQVWUX
PHQWRV HPLWD XP ELSH LQGLFDQGR TXH D VHOHomR IRL DU
PD]HQDGD
3UHVVLRQH R ERWmR GH GLPLQXLomR SDUD FRQWLQXDU QDYH
JDQGR SHORV PHQXV ++

2So}HV GH 6HTXrQFLD GH YLUDGD HP FDEHFHLUD +76


(VWH QtYHO GR PHQX + p XVDGR SHOR WpFQLFR GH VHUYLoR
SDUD FRQ¿JXUDU WRGDV DV RSo}HV RX FRQ¿JXUDo}HV GLV
SRQtYHLV FRP VLVWHPD GH FRQWUROH +76

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

8VH RV ERW}HV K P H GLPLQXLomR QR SDLQHO GH LQV


WUXPHQWRV SUD QDYHJDU DWp + QRV ++ H R VtPEROR +76
QR FRQWURODGRU 5%
$ VHomR FHQWUDO LQIHULRU PRQLWRU LUi H[LELU FKB B

%$,/&&0$9& 

2 FDQDO QHFHVViULR SRGH VHU VHOHFLRQDGR DWUDYpV GRV


ERW}HV K H P
'HSRLV GH XP UHWDUGR D FRQ¿JXUDomR GD RSomR DWXDO
VHUi H[LELGD FRQVXOWH D WDEHOD DEDL[R SDUD REWHU D GH
VFULomR GH FDGD FDQDO 

1~PHUR GR FDQDO 'HVFULomR


&DQDO  6HOHomR GD RSomR +76

&DQDO   $WLYDomRGHVDWLYDomR GD +76


$SyV XP DWUDVR D RSomR DUPD]HQDGD DWXDO VHUi H[L
ELGD

%$,/&&0$9$ 

8VH RV ERW}HV K H P SDUD DOWHUQDU HQWUH DV RSo}HV


GLVSRQtYHLV
<(6  +76 DWLYDGD
QR  +76 GHVDWLYDGD

127$ $ VHOHomR SDGUmR HP XP QRYR PyGXOR p 12 GHVDWLYDGR 


4XDQGR D RSomR GHVHMDGD IRU H[LELGD PDQWHQKD SUHV
VLRQDGR R ERWmR K RX P DWp TXH R SDLQHO GH LQVWUX
PHQWRV HPLWD XP ELSH LQGLFDQGR TXH D VHOHomR IRL DU
PD]HQDGD
3UHVVLRQH R ERWmR GH GLPLQXLomR SDUD FRQWLQXDU QDYH
JDQGR SHORV PHQXV ++

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

0yGXOR HOHWU{QLFR 8QLGDGH GH &RQWUROH &HQWUDO &&8  +  ([LELU


R QtYHO GH UHYLVmR GH VRIWZDUH
'LDJUDPD GH VHOHomR GD WHOD + 0HQX

%$,/$3+)6$ 

6HOHFLRQH R PHQX + SUHVVLRQDQGR R ERWmR GLPPLQJ

%$,/$3+$6$ 

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

2 PRQLWRU LUi H[LELU DXWRPDWLFDPHQWH D YHUVmR GR VRIW


ZDUH FRQIRUPH R H[HPSOR PRVWUDGR H LUi UHWRUQDU
SDUD SHUPLWLU D QDYHJDomR GRV PHQXV ++
‡ 2 SULPHLUR FRQMXQWR GH  GtJLWRV H[LELGR LQGLFD R
,GHQWL¿FDGRU GR VRIWZDUH HVWH Q~PHUR GH¿QH XQLFD
PHQWH R VRIWZDUH GR DSOLFDWLYR SUHVHQWH QR PyGXOR
‡ 2 VHJXQGR H R WHUFHLUR FRQMXQWR GH  GtJLWRV H[LELGRV
GH¿QHP D YHUVmR GR VRIWZDUH GR DSOLFDWLYR
127$ $ YHUVmR GR VRIWZDUH H[LELGD SHOR + SRGH QmR
FRLQFLGLU FRP D YHUVmR GH VRIWZDUH LQGLFDGD QR UyWXOR GR
PyGXOR VH XP QRYR VRIWZDUH IRL EDL[DGR SDUD R PyGXOR
DSyV D IDEULFDomR
%$,/&97$9$ 

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

0yGXOR HOHWU{QLFR 8QLGDGH GH &RQWUROH &HQWUDO &&8  +  7HVWH


GH RSHUDomR GR LQWHUUXSWRU
127$ (VWH PHQX H[LEH XP GHWHUPLQDGR FyGLJR TXDQGR XPD WUDQVLomR GH LQWHUUXSWRU p GHWHFWDGD
127$ &RPXP SDUD WRGRV RV VXEVLVWHPDV

'LDJUDPD GH VHOHomR GD WHOD + 0HQX

%$,/$3+)6$ 

6HOHFLRQH R PHQX + SUHVVLRQDQGR R ERWmR GH GLPLQXL


omR

%$,/$3+$6$ 

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

2 PRQLWRU FHQWUDO LQIHULRU LUi H[LELU G B B

%9($B 

4XDQGR XP LQWHUUXSWRU p RSHUDGR XP FyGLJR VHUi H[L


ELGR H XP VLQDO VRQRUR VRDUi SDUD LQGLFDU D IXQomR FRU
UHWD
6H XP FyGLJR GH LQWHUUXSWRU QmR IRU H[LELGR H R VLQDO
VRQRUR QmR VRDU XP WHVWH GH PRYLPHQWR SRGH VHU
H[HFXWDGR QD ¿DomR UHODFLRQDGD DR PHVPR WHPSR HP
TXH REVHUYD R PRQLWRU RX HVFXWD R VLQDO VRQRUR R TXH
DMXGD D ORFDOL]DU D IDOKD

%$,/&&0$9$ 

&RQVXOWH D WDEHOD DEDL[R SDUD RV Q~PHURV GH LQWHUUXS


WRU

&DQDO 'HVFULomR
G 1HQKXP LQWHUUXSWRU DWLYDGR RX GRLV LQWHUUXSWRUHV DWLYDGRV DR PHVPR WHPSR
G ,QWHUUXSWRU GR SDUDODPD GR ('&  $EDL[DPHQWR
G ,QWHUUXSWRU GR SDUDODPD GR ('&  (OHYDomR
G ,QWHUUXSWRU GH WUDEDOKR GR ('& QR PRXVH GR ('&
G ,QWHUUXSWRU GH HOHYDomR GR ('& QR PRXVH GR ('&
G ,QWHUUXSWRU GH WUDEDOKR GR ('& QR FRQWURODGRU PDQXDO
G ,QWHUUXSWRU GH HOHYDomR GR ('& QR FRQWURODGRU PDQXDO
G &RQH[mR GD LOXPLQDomR 1$62 GHVFRQHFWD H UHFRQHFWD D XQLGDGH GR SLVFDSLVFD  QmR VH
DSOLFD j LOXPLQDomR ,62
G (QWUDGD GH GHWHFomR GH SDUWLGD
' 'HWHFomR GR IXVtYHO GD 7') UHPRYD H VXEVWLWXD R IXVtYHO
G ,QWHUUXSWRU GR DVVHQWR
G ,QWHUUXSWRU GR IUHLR GH PmR
G ,QWHUUXSWRU GR SHGDO GR IUHLR HVTXHUGR
G ,QWHUUXSWRU GR SHGDO GR IUHLR GLUHLWR
G ,QWHUUXSWRU GR SHGDO GD HPEUHDJHP PRWRU HP IXQFLRQDPHQWR H WUDQVPLVVmR HP DYDQoR
RX UHYHUVR
G ,QWHUUXSWRU SDUD D VHOHWRUD GH DYDQoR H Up  $YDQoR
G ,QWHUUXSWRU SDUD D VHOHWRUD GH DYDQoR H Up  5HYHUVR
G ,QWHUUXSWRU GH UHGXomR GH PDUFKD GD WUDQVPLVVmR
G ,QWHUUXSWRU GH DXPHQWR GH PDUFKD GH WUDQVPLVVmR
G ,QWHUUXSWRU GH SUHVVmR GD HPEUHDJHP GH PDUFKD j Up
G ,QWHUUXSWRU GH SUHVVmR GD HPEUHDJHP GH DYDQoR
G ,QWHUUXSWRU QHXWUR GH WUDQVPLVVmR HPEUHDJHP SUHVVLRQDGD PXGDQoD GH DYDQoR RX
UHYHUVR SDUD QHXWUR

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

&DQDO 'HVFULomR
G ,QWHUUXSWRU GH HOHYDomRWUDEDOKR GR ('& QR PRXVH GR ('&
G ,QWHUUXSWRU OLJDGHVOLJD DXWRPiWLFR GD WUDQVPLVVmR
G ,QWHUUXSWRU GH SUHVVmR GR DU FRQGLFLRQDGR
G (QWUDGD SUHVHQWH GR UDGDU GHVFRQHFWD R UDGDU SDUD WHVWH
G ,QWHUUXSWRU GH VXSHUUHGXWRU GH WUDQVPLVVmR
G ,QWHUUXSWRU GH WUDYDPHQWR GR GLIHUHQFLDO  0DQXDO
G ,QWHUUXSWRU GH WUDYDPHQWR GR GLIHUHQFLDO  $XWRPiWLFR
G ,QWHUUXSWRU GH WUDomR HP WRGDV DV URGDV  0DQXDO
G ,QWHUUXSWRU GH WUDomR HP WRGDV DV URGDV  $XWRPiWLFR
G /LJDomR GD ERPED GH DOWR ÀX[R GHVFRQHFWD D OLJDomR GD ERPED SDUD WHVWH
G ,QWHUUXSWRU GD 7'3 WUDVHLUD  QRUPDOPHQWH DEHUWR
G ,QWHUUXSWRU GD 7'3 WUDVHLUD  QRUPDOPHQWH IHFKDGR
G %RPED GH DOWR ÀX[R VHP HQWUDGD SUHVHQWH
G ,QWHUUXSWRU GR IUHLR GD 7'3 WUDVHLUD
G ,QWHUUXSWRU GH YHORFLGDGH HIHWLYD GD 7')
G ,QWHUUXSWRU GH JHUHQFLDPHQWR GD 7') WUDVHLUD
G 0RGR GH JUDYDomR GR LQWHUUXSWRU GR +76
G ,QWHUUXSWRU GH VHTXrQFLD GR +76&530
G ,QWHUUXSWRU OLJDGHVOLJD GR &530
G ,QWHUUXSWRU GH YHORFLGDGH GR PRWRU GH GLPLQXLomR GH &530
G ,QWHUUXSWRU GH YHORFLGDGH GR PRWRU GH DXPHQWR GH &530
G ,QWHUUXSWRU GH VHOHomR GH &530
G 3HGDO GR DFHOHUDGRU IRUD GR LQWHUUXSWRU GH PDUFKD OHQWD
G ,QWHUUXSWRU GR SDUDODPD GD 7') WUDVHLUD QRUPDOPHQWH DEHUWR
G ,QWHUUXSWRU GR SDUDODPD GD 7') WUDVHLUD  QRUPDOPHQWH IHFKDGR
G ,QWHUUXSWRU DXWRPiWLFR GH +76
G ,QWHUUXSWRU PDQXDO GH +76
G $UWLFXODomR SUHVHQWH GD +3/ GLDQWHLUD GHVFRQHFWD H UHFRQHFWD R FRQHFWRU GH  YLDV
G ,QWHUUXSWRU GH WUDYDPHQWR GD (+5
G ,QWHUUXSWRU GH VHOHomR GR MR\VWLFN

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

0yGXOR HOHWU{QLFR 8QLGDGH GH &RQWUROH &HQWUDO &&8  + 


([LELomR GH LQIRUPDo}HV GR YHtFXOR
'LDJUDPD GH VHOHomR GD WHOD + 0HQX

%$,/$3+)6$ 

6HOHFLRQH R PHQX + SUHVVLRQDQGR R ERWmR GH GLPLQXL


omR

%$,/$3+$6$ 

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

2 Q~PHUR GH HQJUHQDJHQV YHORFLGDGH GD WUDQVPLVVmR


H D SRWrQFLD GR PRWRU VHUmR H[LELGRV HP VpULH

%$,/&&0$9$ 

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

0yGXOR HOHWU{QLFR 8QLGDGH GH &RQWUROH &HQWUDO &&8  +  0RGRV


GH WHVWH GR YHtFXOR
127$ (VWH PHQX p VRPHQWH SDUD WHVWHV HVSHFLDLV GR YHtFXOR D ¿P GH YHUL¿FDU R DMXVWH GR LQWHUUXSWRU GD HPEUHDJHP
H DV SUHVV}HV KLGUiXOLFDV

'LDJUDPD GH VHOHomR GD WHOD + 0HQX

%$,/$3+)6$ 

6HOHFLRQH R PHQX + SUHVVLRQDQGR R ERWmR GH GLPLQXL


omR

%$,/$3+$6$ 

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

2 PRQLWRU FHQWUDO LQIHULRU LUi H[LELU FKB B

%$,/&&0$9$ 

2 FDQDO QHFHVViULR SRGH VHU VHOHFLRQDGR DWUDYpV GRV


ERW}HV K H P
'HSRLV GH XP UHWDUGR D FRQ¿JXUDomR GD RSomR DWXDO
VHUi H[LELGD FRQVXOWH D WDEHOD DEDL[R SDUD REWHU D GH
VFULomR GH FDGD FDQDO 

1~PHUR GR FDQDO 'HVFULomR


&DQDO  $MXVWH GR LQWHUUXSWRU GD HPEUHDJHP
&DQDO  $MXVWH PDQXDO GD HPEUHDJHP
&DQDO  $MXVWH PDQXDO GR DFLRQDPHQWR UiSLGR
&DQDO  7HVWH GD SUHVVmR GD HPEUHDJHP
&DQDO  $MXVWH GR LQWHUUXSWRU GD HPEUHDJHP
&DQDO  7HVWH GR VLQFURQL]DGRU
&DQDO  $XWR DPDFLDPHQWR GH HPEUHDJHQV
&DQDO  7HVWH GD YiOYXOD 3:0

&DQDO   $MXVWH GR LQWHUUXSWRU GD HPEUHDJHP


127$ (VWH FDQDO p XVDGR SDUD H[LELU R VWDWXV GD SRVLomR GR SHGDO GD HPEUHDJHP H GR LQWHUUXSWRU $OpP GLVVR
WDPEpP H[LEH D WHPSHUDWXUD GR yOHR
$ WUDQVPLVVmR HVWi DWLYDGD QHVWH HVWDGR
0RYD D DODYDQFD VHOHWRUD GH DYDQoR H Up SDUD D SR
VLomR GH DYDQoR $ SRVLomR GR SHGDO GD HPEUHDJHP
p H[LELGD FRPR XPD SRUFHQWDJHP GR SHUFXUVR  
FRP XP 2 RX XP & QR GtJLWR VXSHULRU LQGLFDQGR VH
R LQWHUUXSWRU GR SHGDO GD HPEUHDJHP HVWi DEHUWR RX
IHFKDGR ,VVR p ~WLO SDUD D DYDOLDomR GR DMXVWH GR LQWHU
UXSWRU GR SHGDO GD HPEUHDJHP H WDPEpP R SRQWR GH
DFRSODPHQWR GH DYDQoR JUDGXDO
127$ $ DODYDQFD VHOHWRUD GH DYDQoR H Up GHYH HVWDU QD
SRVLomR GH DYDQoR SDUD TXH R VWDWXV GR LQWHUUXSWRU GR SH
GDO GD HPEUHDJHP PXGH

%$,/&&0$9$ 

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

$ WHPSHUDWXUD GR yOHR HP ƒ& p H[LELGR TXDQGR R SH


GDO GD HPEUHDJHP HVWi QD SRVLomR WRWDOPHQWH SDUD
FLPD DFLPD GH  SRU PDLV GH  VHJXQGRV 4XDQGR
D HPEUHDJHP p SUHVVLRQDGD SDUD DEDL[R GH  R
PRQLWRU FHQWUDO LQIHULRU LUi LPHGLDWDPHQWH UHWRUQDU SDUD
PRVWUDU D SRVLomR GR SHGDO GD HPEUHDJHP
$ WHPSHUDWXUD GR yOHR WDPEpP SRGH VHU H[LELGD
TXDQGR R SHGDO GD HPEUHDJHP HVWi WRWDOPHQWH SDUD
FLPD RX SDUD EDL[R PDQWHQGR SUHVVLRQDGR R LQWHUUXS
WRU GH DXPHQWR RX UHGXomR

%$,/&97$9& 

&DQDO   $MXVWH PDQXDO GD HPEUHDJHP


127$ (VWH FDQDO p XVDGR SDUD DMXVWDU PDQXDOPHQWH H WHVWDU RV YDORUHV GH FDOLEUDomR SDUD FDGD HPEUHDJHP
6HOHFLRQH D HPEUHDJHP D VHU DMXVWDGD SUHVVLRQDQGR
R SHGDO GD HPEUHDJHP H PRYHQGR D DODYDQFD VHOHWRUD
GH DYDQoR H Up &RORFDU D DODYDQFD VHOHWRUD GH DYDQoR
H Up HP UHYHUVR LUi VHOHFLRQDU D HPEUHDJHP 5 $OWHU
QDU HQWUH QHXWUR H DYDQoR LUi PRYHU DWUDYpV GH RXWUDV
HPEUHDJHQV
2 PRQLWRU FHQWUDO LQIHULRU LUi PRVWUDU D OHWUD GD HPEUHD
JHP SRU  VHJXQGR H HP VHJXLGD LUi PRVWUDU R YDORU
GH FDOLEUDomR

%$,/&&0$9$ 

2V YDORUHV GH FDOLEUDomR SRGHP HQWmR VHU DMXVWDGRV


FRP RV ERW}HV GH DXPHQWR H UHGXomR
3DUD WHVWDU D FDOLEUDomR GHL[H D DODYDQFD VHOHWRUD GH
DYDQoR H Up IRUD GR QHXWUR H OLEHUH WRWDOPHQWH R SH
GDO GD HPEUHDJHP 'XDV HPEUHDJHQV VHUmR DSOLFDGDV
HP EDL[D SUHVVmR SDUD IRUQHFHU XP FDPLQKR GH WRUTXH
DWUDYpV GD WUDQVPLVVmR HP VHJXLGD D HPEUHDJHP
TXH HVWi VHQGR DMXVWDGD VHUi DSOLFDGD HP VXD SUHV
VmR QR SRQWR GH DFRSODPHQWR GH PRGR TXH HOD GHYH
FRPHoDU D HQJDWDU 3DUD WHVWDU QRYDPHQWH D PHVPD
HPEUHDJHP SUHVVLRQH R SHGDO GD HPEUHDJHP OHYH
PHQWH H OLEHUHR QRYDPHQWH

&DQDO   $MXVWH PDQXDO GR DFLRQDPHQWR UiSLGR


6HOHFLRQH D HPEUHDJHP D VHU DMXVWDGD SUHVVLRQDQGR
R SHGDO GD HPEUHDJHP H PRYHQGR D DODYDQFD VHOHWRUD
GH DYDQoR H Up 2 ERWmR QHXWUR QD DODYDQFD VHOHWRUD
GH DYDQoR H Up GHYH VHU SUHVVLRQDGR HQWUH RV FLFORV
GH LQYHUVmR &RORFDU D DODYDQFD VHOHWRUD GH DYDQoR H
Up HP UHYHUVR LUi VHOHFLRQDU D HPEUHDJHP 5 $OWHUQDU
HQWUH QHXWUR H DYDQoR LUi PRYHU DWUDYpV GH RXWUDV HP
EUHDJHQV 2 PRQLWRU LUi PRVWUDU D OHWUD GD HPEUHDJHP
VHJXLGD SHOD FRQ¿JXUDomR GR DFLRQDPHQWR UiSLGR
$V FRQ¿JXUDo}HV GR DFLRQDPHQWR UiSLGR SRGHP VHU
DMXVWDGDV XVDQGR RV ERW}HV GH DXPHQWR H UHGXomR ER
W}HV FRP D DODYDQFD VHOHWRUD GH DYDQoR H Up HP QHXWUR
H D HPEUHDJHP OLEHUDGD

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

2 YDORU GR DFLRQDPHQWR UiSLGR SRGH VHU WHVWDGR HP XP


GH WUrV PpWRGRV 3DUD VHOHFLRQDU R PpWRGR GH WHVWH
SUHVVLRQH R ERWmR GH DXPHQWR FRP R SHGDO GD HPEUHD
JHP SUHVVLRQDGR H D DODYDQFD VHOHWRUD GH DYDQoR H Up
HP QHXWUR 2 PRQLWRU FHQWUDO LQIHULRU LUi PXGDU SDUD
PRVWUDU R PpWRGR GH WHVWH VHOHFLRQDGR   RX  SRU
XP VHJXQGR 2V PpWRGRV GH WHVWH GR DFLRQDPHQWR Ui
SLGR VmR
 'XDV HPEUHDJHQV VHUmR DFLRQDGDV HP EDL[D
SUHVVmR SDUD IRUQHFHU R FDPLQKR GH WRUTXH DWUD
YpV GD WUDQVPLVVmR H GHSRLV D HPEUHDJHP
VHQGR DMXVWDGD VHUi DFLRQDGD HP VXD SUHVVmR
&$/B3B120
 8PD HPEUHDJHP VHUi DFLRQDGD HP EDL[D SUHV
VmR H HP VHJXLGD XPD VHJXQGD HPEUHDJHP VHUi
DFLRQDGD HP EDL[D SUHVVmR MXQWR FRP D TXH VHUi
DMXVWDGD HP VXD SUHVVmR &$/B3B120
 'XDV HPEUHDJHQV VHUmR DFLRQDGDV HP EDL[D
SUHVVmR H DR PHVPR WHPSR D HPEUHDJHP
VHQGR FDOLEUDGD VHUi DFLRQDGD HP VXD SUHVVmR
&$/B3B120
3DUD WHVWDU R DFRSODPHQWR UiSLGR GHL[H D DODYDQFD
VHOHWRUD GH DYDQoR H Up IRUD GR QHXWUR H OLEHUH WRWDO
PHQWH R SHGDO GD HPEUHDJHP 3DUD WHVWDU QRYDPHQWH
D PHVPD HPEUHDJHP SUHVVLRQH R SHGDO GD HPEUHD
JHP H OLEHUHR QRYDPHQWH

&DQDO   7HVWH GD SUHVVmR GD HPEUHDJHP


0RYD D DODYDQFD VHOHWRUD GH DYDQoR H Up SDUD D SRVL
omR GH DYDQoR
127$ 2 PRQLWRU LUi PRVWUDU 8 VH R WHVWH IRU LQLFLDGR
FRP D DODYDQFD VHOHWRUD GH DYDQoR H Up QD SRVLomR QHXWUD
6HOHFLRQH D HPEUHDJHP D VHU WHVWDGD SUHVVLRQDQGR R
ERWmR GH DXPHQWR GD WUDQVPLVVmR &DGD YH] TXH R
ERWmR GH DXPHQWR IRU SUHVVLRQDGR R PRQLWRU FHQWUDO
LQIHULRU LUi PRVWUDU D SUy[LPD HPEUHDJHP GLVSRQtYHO
TXH SRGH VHU WHVWDGD
‡ 6H D SRVLomR GR SHGDO GD HPEUHDJHP HVWLYHU DEDL[R
GH  D SUHVVmR p DMXVWDGD SDUD  EDU
‡ (P  GR FXUVR GR SHGDO D SUHVVmR GD HPEUHD
JHP p DMXVWDGD SDUD  EDU H HOD DXPHQWD OLQHDU
PHQWH DWp  EDU j PHGLGD TXH R SHGDO GD HPEUHD
JHP p OHYDQWDGR DWp D SRVLomR HP 
‡ $FLPD GH  GR FXUVR GR SHGDO GD HPEUHDJHP
D SUHVVmR p DMXVWDGD SDUD D SUHVVmR Pi[LPD GH
 EDU
‡ 6H D HPEUHDJHP $ IRL VHOHFLRQDGD SDUD R WHVWH FRQ
IRUPH R SHGDO GD HPEUHDJHP p OHYDQWDGR D SDUWLU GD
SRVLomR WRWDOPHQWH SUHVVLRQDGR SDUD D SRVLomR WR
WDOPHQWH OLEHUDGR R PRQLWRU FHQWUDO LQIHULRU LUi PRV %$,/&&0$9$ 

WUDU $ VXELQGR DWp $ H HP VHJXLGD $


3UHVVLRQDU R LQWHUUXSWRU GH UHGXomR LUi OLJDU D YiOYXOD
VHOHFLRQDGD QD SUHVVmR GHWHUPLQDGD SHOD SRVLomR GR
SHGDO GD HPEUHDJHP

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

&DQDO   $MXVWH GR LQWHUUXSWRU GD HPEUHDJHP


127$ (VWH FDQDO p XPD DOWHUQDWLYD DR FDQDO  SDUD DMXVWDU R LQWHUUXSWRU GD HPEUHDJHP $ WUDQVPLVVmR HVWi DWLYDGD
QHVWH HVWDGR
 0RYD D DODYDQFD VHOHWRUD GH DYDQoR H Up SDUD D SRVL
omR GH DYDQoR 2 PRQLWRU FHQWUDO LQIHULRU LUi H[LELU Q
VH D DODYDQFD HVWLYHU HP QHXWUR

%$,/&97$9& 

4XDQGR R PRQLWRU FHQWUDO LQIHULRU PRVWUDU &3 DFLRQH


H VROWH R SHGDO GH HPEUHDJHP

%$,/&97$9' 

¬ PHGLGD TXH R SHGDO GD HPEUHDJHP p OLEHUDGR R PR


QLWRU FHQWUDO LQIHULRU LUi PRVWUDU XP YDORU QD IDL[D GH 
D  VH R LQWHUUXSWRU HVWLYHU DMXVWDGR FRUUHWDPHQWH
6H R LQWHUUXSWRU HVWLYHU DMXVWDGR LQFRUUHWDPHQWH R PR
QLWRU FHQWUDO LQIHULRU LUi PRVWUDU &/ VH R SDUDIXVR GH
DMXVWH GR LQWHUUXSWRU GR SHGDO GD HPEUHDJHP SUHFLVD
VHU JLUDGR QR VHQWLGR KRUiULR RX &&/ VH R SDUDIXVR
SUHFLVD VHU JLUDGR QR VHQWLGR DQWLKRUiULR

%$,/&97$9( 

$MXVWH R SDUDIXVR QR VHQWLGR LQGLFDGR QR PRQLWRU H


DFLRQH H VROWH R SHGDO GH HPEUHDJHP H VLJD R SUR
FHGLPHQWR DWp TXH R PRQLWRU FHQWUDO LQIHULRU PRVWUH R
YDORU FRUUHWR

&DQDO   7HVWH GR VLQFURQL]DGRU


(QWUH QHVWH FDQDO FRP R PRWRU IXQFLRQDQGR H D WUDQV
PLVVmR QD SRVLomR QHXWUD
&RP R SHGDO GD HPEUHDJHP VROWR R VLQFURQL]DGRU LQ
WHUPHGLiULRGH PDUFKD j Up VHUi WHVWDGR

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

0DQWHQKD SUHVVLRQDGR R ERWmR GH UHGXomR GH PDUFKD


SDUD H[LELU D SRVLomR 0LG ,QWHUPHGLiULD FRPR XPD
SRUFHQWDJHP GR PRYLPHQWR GR SRWHQFL{PHWUR
2 PRQLWRU FHQWUDO LQIHULRU LUi H[LELU % VHJXLGR SRU XP
YDORU GH DSUR[LPDGDPHQWH 

%$,/&97$9& 

0DQWHQKD SUHVVLRQDGR R ERWmR GH DXPHQWR GH PDUFKD


SDUD H[LELU D SRVLomR GH Up FRPR XPD SRUFHQWDJHP GR
PRYLPHQWR GR SRWHQFL{PHWUR
2 PRQLWRU FHQWUDO LQIHULRU LUi H[LELU U VHJXLGR SRU XP
YDORU GH DSUR[LPDGDPHQWH 

%$,/&97$9' 

0DQWHQKD SUHVVLRQDGRV DPERV RV ERW}HV SDUD UHWRUQDU


R VLQFURQL]DGRU SDUD D SRVLomR QHXWUD
2 PRQLWRU FHQWUDO LQIHULRU LUi H[LELU Q VHJXLGR SRU XP
YDORU GH DSUR[LPDGDPHQWH 

%$,/&97$9( 

127$ 6H R PRQLWRU H[LELU ³(UU´ TXDQGR R SHGDO GD HPEUHDJHP IRU DFLRQDGR VROWH R SHGDO H FHUWL¿TXHVH GH TXH R
VLQFURQL]DGRU LQWHUPHGLiULRGH PDUFKD j Up HVWi QD SRVLomR QHXWUD
0DQWHQKD SUHVVLRQDGR R ERWmR GH UHGXomR GH PDUFKD
SDUD H[LELU D SRVLomR /RZ %DL[D FRPR XPD SRUFHQ
WDJHP GR PRYLPHQWR GR SRWHQFL{PHWUR
2 PRQLWRU FHQWUDO LQIHULRU LUi H[LELU $ VHJXLGR SRU XP
YDORU GH DSUR[LPDGDPHQWH 

%$,/&97$9) 

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

0DQWHQKD SUHVVLRQDGR R ERWmR GH DXPHQWR GH PDUFKD


SDUD H[LELU D SRVLomR +LJK $OWD FRPR XPD SRUFHQWD
JHP GR PRYLPHQWR GR SRWHQFL{PHWUR
2 PRQLWRU FHQWUDO LQIHULRU LUi H[LELU & VHJXLGR SRU XP
YDORU GH DSUR[LPDGDPHQWH 

%$,/&97$9* 

0DQWHQKD SUHVVLRQDGRV DPERV RV ERW}HV SDUD UHWRUQDU


R VLQFURQL]DGRU SDUD D SRVLomR QHXWUD
2 PRQLWRU FHQWUDO LQIHULRU LUi H[LELU Q VHJXLGR SRU XP
YDORU GH DSUR[LPDGDPHQWH 

%$,/&97$9( 

127$ 6H R PRQLWRU H[LELU µ(UU¶ TXDQGR R SHGDO GD HPEUHDJHP p OLEHUDGR SUHVVLRQH R SHGDO H FHUWL¿TXHVH GH TXH
R VLQFURQL]DGRU DOWREDL[R HVWi QD SRVLomR QHXWUD

&DQDO   $XWR DPDFLDPHQWR GH HPEUHDJHQV


(QWUH QHVWH FDQDO FRP R PRWRU HP IXQFLRQDPHQWR D
WUDQVPLVVmR HP QHXWUR IUHLR GH PmR DFLRQDGR YHOR
FLGDGH GR PRWRU OLYUH TXDOTXHU YHORFLGDGH  7'3 OLYUH
SDUD VHU XVDGD VHP YHORFLGDGH HIHWLYD VH HQJDWDGR
SRU HQJDQR  SHGDO GD HPEUHDJHP SDUD FLPD VXSHUUH
GXWRU QmR HQJDWDGR QmR QD  PDUFKD 0RYD D VHOH
WRUD GH DYDQoR j Up SDUD D SRVLomR GH DYDQoR $ VHomR
FHQWUDO LQIHULRU GR PRQLWRU PRVWUDUi UG<

%$,/&97$9) 

3UHVVLRQH H VROWH R ERWmR GH UHGXomR SDUD LQLFLDU R SUR


FHGLPHQWR
3UHVVLRQH H VROWH R ERWmR GH UHGXomR SDUD LQWHUURPSHU
R SURFHGLPHQWR

&DQDO   7HVWH GD YiOYXOD 3:0


127$ (VWH FDQDO p XVDGR SDUD WHVWDU DV YiOYXODV 3:0 HP FRQMXQWR FRP D IHUUDPHQWD HOHWU{QLFD GH VHUYLoR
(VWH SURFHGLPHQWR SRGH VHU XVDGR SDUD WHVWDU DV YiO
YXODV GRV VHJXLQWHV VROHQRLGHV
‡ $ % & ' ( H D YiOYXOD GD 7'3

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

([LVWHP GRLV WHVWHV TXH SRGHP VHU UHDOL]DGRV SDUD


FDGD YiOYXOD XP WHVWH GH UDPSD H XP WHVWH GH GHJUDX
+i WDPEpP XP WHVWH TXH SRGH VHU UHDOL]DGR SDUD YHUL
¿FDU D UHDomR GR DFXPXODGRU
3DUD UHDOL]DU RV WHVWHV DV FRQGLo}HV D VHJXLU GHYHP
VHU DWHQGLGDV
‡ 2 RSHUDGRU HVWi QR DVVHQWR
‡ )UHLR GH PmR DSOLFDGR
‡ 9HORFLGDGH GR PRWRU DMXVWDGD SDUD  530 “
 530
‡ 7HPSHUDWXUD GR yOHR KLGUiXOLFR HQWUH  ±  ƒ&
‡ 2V VLQFURQL]DGRUHV GD WUDQVPLVVmR GHYHP VHU FDOL
EUDGRV
127$ (P FDVR GH XPD GHVVDV FRQGLo}HV QmR VHU DWHQ
GLGD XP FyGLJR 8 VHUi H[LELGR H R WHVWH QmR SRGHUi VHU
UHDOL]DGR DWp TXH DV PHGLGDV DSURSULDGDV VHMDP WRPDGDV
3DUD REWHU PDLV LQIRUPDo}HV VREUH RV FyGLJRV 8 FRQ
VXOWH QD VHomR 6LVWHPDV HOpWULFRV  &Ï',*26 '( )$/+$

7HVWH GH UDPSD
6HOHFLRQH D YiOYXOD D VHU WHVWDGD SUHVVLRQDQGR R SH
GDO GD HPEUHDJHP H XVDQGR D DODYDQFD VHOHWRUD GH
DYDQoR H Up SDUD PRYHU SHODV YiOYXODV GLVSRQtYHLV SDUD
R WHVWH 8VH DV SRVLo}HV GH DYDQoR SDUD VH PRYHU
SDUD FLPD DWUDYpV GDV YiOYXODV H DV SRVLo}HV GH UH
YHUVR SDUD PRYHU SDUD EDL[R $ VHomR FHQWUDO LQIHULRU
GR PRQLWRU LUi H[LELU D VHOHomR DWXDO

%$,/&97$9$ 

&RP D DODYDQFD VHOHWRUD GH DYDQoR H Up HP DYDQoR


H R SHGDO GD HPEUHDJHP WRWDOPHQWH OLEHUDGR R WHVWH
GH UDPSD p UHDOL]DGR SDUD D YiOYXOD VHOHFLRQDGD PDQ
WHQGR SUHVVLRQDGR R ERWmR GH DXPHQWR GD WUDQVPLVVmR
2 WHVWH LUi DXPHQWDU D FRUUHQWH OLQHDUPHQWH QR VROH
QRLGH VHOHFLRQDGR GH ]HUR DWp D FRUUHQWH Pi[LPD SRU
XP SHUtRGR GH  VHJXQGRV $ FRUUHQWH Pi[LPD VHUi
PDQWLGD SRU  VHJXQGR DQWHV GH UHWRUQDU SDUD ]HUR HP
XP SHUtRGR GH PDLV  VHJXQGRV
¬ PHGLGD TXH R WHVWH SURVVHJXH R SDLQHO GH LQVWUXPHQ
WRV LUi PRVWUDU XP YDORU FRUUHVSRQGHQWH j SRUFHQWDJHP
GD FRUUHQWH Pi[LPD TXH HVWi VHQGR DSOLFDGD QR VROH
QRLGH DXPHQWDQGR GH  ±  H HP VHJXLGD GH YROWD
SDUD 

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

$SyV D FRQFOXVmR GR WHVWH (QG VHUi H[LELGR QD VHomR


FHQWUDO LQIHULRU GR PRQLWRU H R ERWmR GH DXPHQWR SRGH
VHU OLEHUDGR
127$ 2 ERWmR GH DXPHQWR GHYH VHU PDQWLGR SUHVVLRQDGR
GXUDQWH R WHVWH GH UDPSD 6H R ERWmR IRU OLEHUDGR R WHVWH
VHUi HQFHUUDGR H D FRUUHQWH QR VROHQRLGH LUi UHWRUQDU SDUD
]HUR

%$,/&97$9$ 

7HVWH GH GHJUDX
6HOHFLRQH D YiOYXOD D VHU WHVWDGD SUHVVLRQDQGR R SH
GDO GD HPEUHDJHP H XVDQGR D DODYDQFD VHOHWRUD GH
DYDQoR H Up SDUD PRYHU SHODV YiOYXODV GLVSRQtYHLV SDUD
R WHVWH 8VH DV SRVLo}HV GH DYDQoR SDUD VH PRYHU
SDUD FLPD DWUDYpV GDV YiOYXODV H DV SRVLo}HV GH UH
YHUVR SDUD PRYHU SDUD EDL[R 2 PRQLWRU FHQWUDO LQIHULRU
LUi H[LELU D VHOHomR DWXDO

%$,/&97$9$ 

&RP D DODYDQFD VHOHWRUD GH DYDQoR H Up HP DYDQoR H


R SHGDO GD HPEUHDJHP WRWDOPHQWH OLEHUDGR R WHVWH GH
GHJUDX p UHDOL]DGR SDUD D YiOYXOD VHOHFLRQDGD PDQ
WHQGR SUHVVLRQDGR R ERWmR GH UHGXomR GD WUDQVPLVVmR
2 WHVWH LUi PXGDU D FRUUHQWH GH ]HUR SDUD D FRUUHQWH
Pi[LPD QR VROHQRLGH VHOHFLRQDGR $ FRUUHQWH Pi[LPD
VHUi PDQWLGD SRU  VHJXQGRV H HP VHJXLGD VHUi
GHVOLJDGD SRU  VHJXQGRV (VVH FLFOR VHUi UHDOL]DGR
GXDV YH]HV
¬ PHGLGD TXH R WHVWH SURVVHJXH R PRQLWRU FHQWUDO LQIH
ULRU LUi H[LELU XPD FRQWDJHP GH  DWp  FRUUHVSRQ
GHQWH jV HWDSDV GR WHVWH
$SyV D FRQFOXVmR GR WHVWH (QG VHUi PRVWUDGR QR
PRQLWRU FHQWUDO LQIHULRU H R ERWmR GH UHGXomR SRGH VHU
OLEHUDGR
127$ 2 ERWmR GH UHGXomR GHYH VHU PDQWLGR SUHVVLRQDGR
GXUDQWH R WHVWH GH UDPSD 6H R ERWmR IRU OLEHUDGR R WHVWH
VHUi HQFHUUDGR H D FRUUHQWH QR VROHQRLGH LUi UHWRUQDU SDUD
]HUR

%$,/&97$9& 

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

7HVWH GR DFXPXODGRU
6HOHFLRQH R WHVWH GR DFXPXODGRU SUHVVLRQDQGR R SH
GDO GD HPEUHDJHP H XVDQGR D DODYDQFD VHOHWRUD GH
DYDQoR H Up SDUD PRYHU SHODV YiOYXODV GLVSRQtYHLV SDUD
R WHVWH DWp TXH $FF VHMD PRVWUDGR QR PRQLWRU FHQWUDO
LQIHULRU

%$,/&97$9+ 

&RP D DODYDQFD VHOHWRUD GH DYDQoR H Up HP DYDQoR


H R SHGDO GD HPEUHDJHP WRWDOPHQWH OLEHUDGR R WHVWH
GR DFXPXODGRU p UHDOL]DGR PDQWHQGR SUHVVLRQDGR R
ERWmR GH UHGXomR GD WUDQVPLVVmR
2 WHVWH LUi OLJDU RV VROHQRLGHV & ' H ( FRP D FRUUHQWH
Pi[LPD SRU XP SHUtRGR GH  VHJXQGR H HP VHJXLGD
LUi GHVOLJiORV SRU PDLV  VHJXQGR (VVH FLFOR VHUi
UHDOL]DGR  YH]HV
¬ PHGLGD TXH R WHVWH SURVVHJXH D VHomR FHQWUDO LQIH
ULRU GR PRQLWRU LUi H[LELU XPD FRQWDJHP GH  DWp 
FRUUHVSRQGHQWH jV HWDSDV GR WHVWH
$SyV D FRQFOXVmR GR WHVWH (QG VHUi PRVWUDGR QR
PRQLWRU FHQWUDO LQIHULRU H R ERWmR GH UHGXomR SRGH VHU
OLEHUDGR
127$ 2 ERWmR GH UHGXomR GHYH VHU PDQWLGR SUHVVLRQDGR
GXUDQWH R WHVWH GR DFXPXODGRU 6H R ERWmR IRU OLEHUDGR R
WHVWH VHUi HQFHUUDGR H D FRUUHQWH QR VROHQRLGH LUi UHWRUQDU %$,/&97$9& 
SDUD ]HUR

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

0yGXOR HOHWU{QLFR 8QLGDGH GH &RQWUROH &HQWUDO &&8  +  /LPSDU


LQIRUPDo}HV DUPD]HQDGDV VREUH FDOLEUDomR ((3520
127$ (VWH PHQX DSDJD RV YDORUHV GH FDOLEUDomR H RV FyGLJRV GH IDOKD DUPD]HQDGRV UHGH¿QLQGR WRGRV RV YDORUHV
GD ((3520 GH YROWD SDUD RV YDORUHV SDGUmR
127$ ((3520 p RQGH WRGRV RV YDORUHV GH FDOLEUDomR H FyGLJRV GH IDOKD VmR DUPD]HQDGRV (VWD PHPyULD p UHWLGD
PHVPR TXDQGR QmR Ki HQHUJLD QR FRQWURODGRU RX VHMD VH D EDWHULD HVWi GHVFRQHFWDGD
127$ 3DUD DOWHUDU TXDOTXHU FRQ¿JXUDomR R PHQX + GHYH VHU XVDGR (VVDV FRQ¿JXUDo}HV QmR VHUmR DIHWDGDV
SHOD H[HFXomR GH XPD RSHUDomR +
127$ 8VH R PHQX +& VH IRU QHFHVViULR DSDJDU WRGRV RV FyGLJRV GH HUUR DUPD]HQDGRV VHP DSDJDU DV LQIRUPDo}HV
GH FDOLEUDomR

'LDJUDPD GH VHOHomR GD WHOD + 0HQX

%$,/$3+)6$ 

127$ 6H D WHOD GR LGHQWL¿FDGRU GR FRQWURODGRU IRU VHOHFLRQDGD DV FRQ¿JXUDo}HV GR PyGXOR WRGR VHUmR DSDJDGDV
VH XPD GDV WHODV GH VXEVLVWHPD IRU VHOHFLRQDGD FRPR QHVWH H[HPSOR D WUDQVPLVVmR VRPHQWH DV FRQ¿JXUDo}HV GD
WUDQVPLVVmR VHUmR DSDJDGDV

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

6HOHFLRQH R VXEVLVWHPD TXH WHUi DV FRQ¿JXUDo}HV DSD


JDGDV SUHVVLRQDQGR R ERWmR GH GLPLQXLomR

%$,/$3+$6$ 

2 PRQLWRU FHQWUDO LQIHULRU LQGLFDUi ((&/

%9($B 

,03257$17( 2 + LUi DSDJDU WRGRV RV YDORUHV GH FDOLEUDomR H RV FyGLJRV GH HUUR DUPD]HQDGRV


0DQWHQKD SUHVVLRQDGR R ERWmR P SDUD FRQ¿UPDU D
UHGH¿QLomR GD ((3520
2 PRQLWRU FHQWUDO LQIHULRU LUi FRQWDU UHJUHVVLYDPHQWH GH
 D  H HP VHJXLGD (( VHUi H[LELGR SDUD LQGLFDU
TXH D ((3520 IRL DSDJDGD
127$ 6H R ERWmR P IRU OLEHUDGR DQWHV GH FRQFOXLU D FRQ
WDJHP UHJUHVVLYD R SURFHGLPHQWR VHUi LQWHUURPSLGR

%9($ 

'HVOLJXH D FKDYH GH LJQLomR SDUD SHUPLWLU TXH RV YDOR


UHV UHGH¿QLGRV VHMDP DUPD]HQDGRV

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

0yGXOR HOHWU{QLFR 8QLGDGH GH &RQWUROH &HQWUDO &&8  + 


'LDJQyVWLFR GR YROWtPHWUR
127$ (VWH PHQX p XVDGR SDUD YHUL¿FDU D RSHUDomR GH YiULRV SRWHQFL{PHWURV IRUQHFLPHQWR GH WHQVmR H RV FLUFXLWRV
GH FRUUHQWH GH VROHQRLGH
127$ 6H XPD IDOKD LQWHUPLWHQWH IRU GHWHFWDGD HP XP FLUFXLWR XP WHVWH GH PRYLPHQWR SRGH VHU H[HFXWDGR QD
¿DomR UHODFLRQDGD DR PHVPR WHPSR HP TXH REVHUYD R PRQLWRU HP EXVFD GH PXGDQoDV UHSHQWLQDV QRV YDORUHV R
TXH DMXGD D ORFDOL]DU D iUHD HP TXH H[LVWH XPD IDOKD
127$ 2 YHtFXOR SRGH VHU FRQGX]LGR HQTXDQWR HVWLYHU QHVWH PHQX

'LDJUDPD GH VHOHomR GD WHOD + 0HQX

%$,/$3+)6$ 

6HOHFLRQH R PHQX + SUHVVLRQDQGR R ERWmR GH GLPLQXL


omR
2 PRQLWRU FHQWUDO LQIHULRU LUi H[LELU FKB B

%$,/&&0$9$ 

2 FDQDO QHFHVViULR SRGH VHU VHOHFLRQDGR DWUDYpV GRV


ERW}HV K H P
$SyV XP DWUDVR R YDORU VHUi H[LELGR &RPSDUH R YDORU
H[LELGR FRP D OHLWXUD WtSLFD LQGLFDGD QD WDEHOD DEDL[R

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

2V YDORUHV GH WHQVmR H[LELGRV QHVVD WDEHOD VmR UHSUH


VHQWDGRV HP PLOLYROWV SRU H[HPSOR   9
2V YDORUHV GH FRUUHQWH H[LELGRV QHVVD WDEHOD VmR UHSUH
VHQWDGRV HP PLOLDPSHUHV SRU H[HPSOR   P$
2QGH XPD WHQVmR GH  HVWi HQWUH DVSDV QD FR
OXQD GD OHLWXUD WtSLFD LVWR VH UHIHUH j WHQVmR QRPLQDO
GD EDWHULD 2 YDORU UHDO LUi YDULDU GH DFRUGR FRP D FRQ
GLomR GD EDWHULD 8VH R FDQDO  SDUD REWHU D WHQVmR
UHDO GD EDWHULD

1~PHUR GR FDQDO 'HVFULomR /HLWXUD WtSLFD


&DQDO  6HQVRU GR SHGDO GD HPEUHDJHP   OLEHUDGR
  SUHVVLRQDGR
&DQDO  7HPSHUDWXUD GR yOHR WUDQVPLVVmR  D  ƒ&
&DQDO  'HWHFomR GH IXVtYHO GD 7'3 
&DQDO  $OLPHQWDomR GH   9 GR VHQVRU 
&DQDO  $OLPHQWDomR GH   9 GR VHQVRU 

&DQDO  )RQWH GH WHQVmR ) GH   9 

&DQDO  )RQWH GH WHQVmR ' GH   9  FRP D WUDQVPLVVmR HP


DYDQoR RX UHYHUVR
&DQDO  )RQWH GH WHQVmR + GH   9 
&DQDO  )RQWH GH WHQVmR 7 GH   9 
&DQDO  ,QWHUUXSWRU GR DVVHQWR   RSHUDGRU QR DVVHQWR
  RSHUDGRU IRUD GR DVVHQWR
&DQDO  6HQVRU GH YHORFLGDGH GH VDtGD GD WUDQVPLVVmR  RX  PRWRU GHVOLJDGR
&DQDO  6HQVRU GH YHORFLGDGH GR YRODQWH  RX  PRWRU GHVOLJDGR
&DQDO  3RWHQFL{PHWUR GH SRVLomR GR VXSHUUHGXWRU  GHVOLJDGR
  OLJDGR
&DQDO  &RUUHQWH GR VROHQRLGH GH OHYDQWDPHQWR GR ('&   GHVOLJDGR
  OLJDGR
&DQDO  &RUUHQWH GR VROHQRLGH GH DEDL[DPHQWR GR ('&   GHVOLJDGR
  OLJDGR
&DQDO  3RWHQFL{PHWUR GD SRVLomR GR EUDoR GH HOHYDomR   DEDL[DGR
  OHYDQWDGR
&DQDO  3RWHQFL{PHWUR GH FRQWUROH GD SRVLomR   DEDL[DGR
  OHYDQWDGR
&DQDO  3RWHQFL{PHWUR GH YHORFLGDGH GH TXHGD   VHQWLGR DQWLKRUiULR
  VHQWLGR KRUiULR
&DQDO  3RWHQFL{PHWUR GH OLPLWH GH DOWXUD   VHQWLGR DQWLKRUiULR
  VHQWLGR KRUiULR
&DQDO  3RWHQFL{PHWUR GH VHQVLELOLGDGH   VHQWLGR DQWLKRUiULR
  VHQWLGR KRUiULR
&DQDO  3RWHQFL{PHWUR GH OLPLWH GR GHVOL]DPHQWR   VHQWLGR DQWLKRUiULR
  VHQWLGR KRUiULR
&DQDO  3LQR GD FDUJD GH HVIRUoR GR ODGR GLUHLWR 
&DQDO  3LQR GD FDUJD GH HVIRUoR GR ODGR HVTXHUGR 
&DQDO  3RWHQFL{PHWUR GD FDUJD GH HVIRUoR   VHQWLGR DQWLKRUiULR
  VHQWLGR KRUiULR
&DQDO  ,QWHUUXSWRU GH HOHYDomR GR ('& HVWUXWXUD   OLEHUDGR
  SUHVVLRQDGR
&DQDO  ,QWHUUXSWRU GH DEDL[DPHQWR GR ('& HVWUXWXUD   OLEHUDGR
  SUHVVLRQDGR
&DQDO  &RUUHQWH GR VROHQRLGH GD HPEUHDJHP $   HPEUHDJHP GHVOLJDGD
  HPEUHDJHP OLJDGD
&DQDO  &RUUHQWH GR VROHQRLGH GD HPEUHDJHP %   HPEUHDJHP GHVOLJDGD
  HPEUHDJHP OLJDGD

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

1~PHUR GR FDQDO 'HVFULomR /HLWXUD WtSLFD


&DQDO  &RUUHQWH GR VROHQRLGH GD HPEUHDJHP &   HPEUHDJHP GHVOLJDGD
  HPEUHDJHP OLJDGD
&DQDO  &RUUHQWH GR VROHQRLGH GD HPEUHDJHP '   HPEUHDJHP GHVOLJDGD
  HPEUHDJHP OLJDGD
&DQDO  &RUUHQWH GR VROHQRLGH GD HPEUHDJHP (   HPEUHDJHP GHVOLJDGD
  HPEUHDJHP OLJDGD
&DQDO  /LQKD GH IDOKD GH WUDEDOKRHOHYDomR GR ('&   SUHVVLRQDGR
  QmR SUHVVLRQDGR
&DQDO  &RUUHQWH GR VROHQRLGH GD 7'3 WUDVHLUD   TXDQGR GHVOLJDGR
  TXDQGR OLJDGR
&DQDO  &RUUHQWH GR VROHQRLGH GR VXSHUUHGXWRU   HPEUHDJHP GHVOLJDGD
  HPEUHDJHP OLJDGD
&DQDO  &RUUHQWH GR VROHQRLGH GH IDL[DV EDL[DV   HPEUHDJHP GHVOLJDGD
  HPEUHDJHP OLJDGD
&DQDO  &RUUHQWH GR VROHQRLGH GH IDL[D PpGLD   HPEUHDJHP GHVOLJDGD
  HPEUHDJHP OLJDGD
&DQDO  &RUUHQWH GR VROHQRLGH GH IDL[DV DOWDV   HPEUHDJHP GHVOLJDGD
  HPEUHDJHP OLJDGD
&DQDO  &RUUHQWH GR VROHQRLGH GD  HQJUHQDJHP   HPEUHDJHP GHVOLJDGD
  HPEUHDJHP OLJDGD
&DQDO  &RUUHQWH GR VROHQRLGH GH GHVFDUJD GD    HPEUHDJHP GHVOLJDGD
HQJUHQDJHP   HPEUHDJHP OLJDGD
&DQDO  &RUUHQWH GR VROHQRLGH GD IDL[D UHYHUVD   HPEUHDJHP GHVOLJDGD
  HPEUHDJHP OLJDGD
&DQDO  ,QWHUUXSWRU GH DYDQoR GD DODYDQFD VHOHWRUD GH   OLEHUDGR
DYDQoR H Up   SUHVVLRQDGR
&DQDO  ,QWHUUXSWRU GH UHYHUVR GD DODYDQFD VHOHWRUD GH   OLEHUDGR
DYDQoR H Up   SUHVVLRQDGR
&DQDO  ,QWHUUXSWRU GH PXGDQoD SDUD FLPD   OLEHUDGR
  SUHVVLRQDGR
&DQDO  ,QWHUUXSWRU GH PXGDQoD SDUD EDL[R   OLEHUDGR
  SUHVVLRQDGR
&DQDO  $FHOHUDGRU GH PmR   HP PDUFKD OHQWD
  QD USP Pi[LPD
&DQDO  3RWHQFL{PHWUR GR SHGDO GR DFHOHUDGRU   HP PDUFKD OHQWD
  QD USP Pi[LPD
&DQDO  6HQVRU GH YHORFLGDGH GD 7'3  RX  PRWRU GHVOLJDGR
&DQDO  6HQVRU GH SUHVVmR GH yOHR GD WUDQVPLVVmR ²
&DQDO  6HQVRU GH WRUomR GD 7'3  RX  PRWRU GHVOLJDGR
&DQDO  -R\VWLFN SURSRUFLRQDO ²

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

0yGXOR HOHWU{QLFR 8QLGDGH GH &RQWUROH &HQWUDO &&8  +$  0RGR


GH GHPRQVWUDomR
2 PRGR GH GHPRQVWUDomR +$ SHUPLWH TXH R UHFXUVR GH
DXPHQWR GH SRWrQFLD GR PRWRU VHMD DWLYDGR

'LDJUDPD GH VHOHomR GD WHOD +$ 0HQX

%$,/$3+)6$ 

'HPRQVWUDomR GH DXPHQWR GH SRWrQFLD GR PRWRU


'r D SDUWLGD QR PRWRU H PDQWHQKDR HP PDUFKD OHQWD
6HOHFLRQH R PHQX +$ SUHVVLRQDQGR R ERWmR GH GLPL
QXLomR
2 PRQLWRU FHQWUDO LQIHULRU LQGLFDUi ³3EG

%$,/++3$9$ 

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

2 DXPHQWR GH SRWrQFLD LUi IXQFLRQDU QRUPDOPHQWH


PDV DJRUD p SRVVtYHO XVDU R LQWHUUXSWRU GR &530 GH
GLPLQXLomR SDUD GHVOLJDU R DXPHQWR GH SRWrQFLD H R
LQWHUUXSWRU GH DXPHQWR SDUD DFLRQiOR
127$ 2 DXPHQWR GH SRWrQFLD Vy VHUi DWLYDGR VH RV SD
UkPHWURV FRUUHWRV IRUHP GH¿QLGRV HP RSHUDomR QRUPDO
'HVOLJXH D FKDYH GH LJQLomR SDUD YROWDU j RSHUDomR QRU
PDO

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

0yGXOR HOHWU{QLFR 8QLGDGH GH &RQWUROH &HQWUDO &&8  +%  ([LELU


FyGLJRV GH IDOKD DUPD]HQDGRV
127$ (VWH PHQX p XVDGR SDUD H[LELU RV FyGLJRV GH IDOKD DUPD]HQDGRV QD ((3520 GR FRQWURODGRU
127$ $Wp GH] FyGLJRV GH IDOKD SRGHP VHU DUPD]HQDGRV SDUD FDGD VXEVLVWHPD
127$ &RPXP SDUD WRGRV RV VXEVLVWHPDV

'LDJUDPD GH VHOHomR GD WHOD +% 0HQX

%$,/$3+)6$ 

6HOHFLRQH R VXEVLVWHPD GHVHMDGR SUHVVLRQDQGR R ER


WmR GH GLPLQXLomR
2 PRQLWRU FHQWUDO LQIHULRU LUi H[LELU ³B B B B´ FDVR QmR
KDMD FyGLJRV GH IDOKD DUPD]HQDGRV

%$,/&&0$9$ 

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

2 PRQLWRU FHQWUDO LQIHULRU LUi H[LELU ³)´ FDVR H[LVWDP Fy


GLJRV GH IDOKD DUPD]HQDGRV

%9)$ 

$ WHOD LUi H[LELU DOWHUQDGDPHQWH GH PDQHLUD DXWRPiWLFD


FRQIRUPH R H[HPSOR
 &yGLJR GH IDOKD
 +RUD GD SULPHLUD RFRUUrQFLD
 +RUD GD ~OWLPD RFRUUrQFLD
 1~PHUR GH RFRUUrQFLDV GD IDOKD

%$,/&&0$9$ 

3UHVVLRQH R ERWmR K RX P SDUD PXGDU SDUD R SUy


[LPR FyGLJR GH IDOKD QD OLVWD
2 PRQLWRU FHQWUDO LQIHULRU LUi H[LELU B B B QR ¿QDO GD
OLVWD

%$,/&&0$9$ 

3UHVVLRQH R ERWmR GLPPLQJ SDUD FRQWLQXDU QDYH


JDQGR SHORV PHQXV ++

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

0yGXOR HOHWU{QLFR 8QLGDGH GH &RQWUROH &HQWUDO &&8  +&  /LPSDU


WRGRV RV FyGLJRV GH IDOKD DUPD]HQDGRV
(VWH PHQX SRGH VHU XVDGR SDUD
‡ $SDJDU WRGRV RV FyGLJRV GH IDOKD DUPD]HQDGRV HP
WRGRV RV VXEVLVWHPDV QR FRQWURODGRU FHQWUDO
‡ $SDJDU WRGRV RV FyGLJRV GH IDOKD DUPD]HQDGRV HP
XP GHWHUPLQDGR VXEVLVWHPD QR FRQWURODGRU FHQWUDO

'LDJUDPD GH VHOHomR GD WHOD +& 0HQX

%$,/$3+)6$ 

127$ 6HPSUH DQRWH RV FyGLJRV GH IDOKD DUPD]HQDGRV DQWHV GH DSDJDU


6HOHFLRQH R PHQX +& QR FRQWURODGRU FHQWUDO RX QR VXE
VLVWHPD GHVHMDGR SUHVVLRQDQGR R ERWmR GLPPLQJ

%$,/$3+$6$ 

2 PRQLWRU FHQWUDO LQIHULRU LUi H[LELU ) &/

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

0DQWHQKD SUHVVLRQDGR R ERWmR P SDUD FRQ¿UPDU D


OLPSH]D GD PHPyULD

%9($ 

2 PRQLWRU LUi FRQWDU UHJUHVVLYDPHQWH GH  D  H HP


VHJXLGD (( VHUi H[LELGR SDUD LQGLFDU TXH RV FyGLJRV
GH IDOKD IRUDP DSDJDGRV
127$ 6H R ERWmR P IRU OLEHUDGR DQWHV GH FRQFOXLU D FRQ
WDJHP UHJUHVVLYD R SURFHGLPHQWR VHUi LQWHUURPSLGR

%9($ 

3UHVVLRQH R ERWmR GLPPLQJ SDUD FRQWLQXDU QDYH


JDQGR SHORV PHQXV ++

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

0yGXOR HOHWU{QLFR 8QLGDGH GH &RQWUROH &HQWUDO &&8  +(  ([LELU


HQWUDGDV GH IUHTXrQFLD
127$ (VWH PHQX p XVDGR SDUD YHUL¿FDU D RSHUDomR GDV HQWUDGDV GH IUHTXrQFLD GD XQLGDGH GH FRQWUROH HOHWU{QLFR
127$ 7RGRV RV VXEVLVWHPDV GR YHtFXOR SRGHP VHU RSHUDGRV GXUDQWH HVWH SURFHGLPHQWR

'LDJUDPD GH VHOHomR GD WHOD +( 0HQX

%$,/$3+)6$ 

6HOHFLRQH R PHQX +( QR FRQWURODGRU FHQWUDO SUHVVLR


QDQGR R ERWmR GH GLPLQXLomR
2 PRQLWRU FHQWUDO LQIHULRU LUi H[LELU &KB B

%$,/$3+$6$ 

2 FDQDO QHFHVViULR SRGH VHU VHOHFLRQDGR DWUDYpV GRV


ERW}HV K H P
$SyV XP DWUDVR D OHLWXUD SDUD R FDQDO HVFROKLGR VHUi
PRVWUDGD FRQVXOWH D WDEHOD DEDL[R SDUD REWHU XPD GH
VFULomR GH FDGD FDQDO H D OHLWXUD WtSLFD FRUUHVSRQGHQWH 

1~PHUR GR FDQDO 'HVFULomR /HLWXUD WtSLFD


&DQDO  9HORFLGDGH GH VDtGD GD WUDQVPLVVmR
&DQDO  5DGDU

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

1~PHUR GR FDQDO 'HVFULomR /HLWXUD WtSLFD


&DQDO  QmR XWLOL]DGR
&DQDO  5RWDomR GD 7'3 WUDVHLUD
&DQDO  QmR XWLOL]DGR
&DQDO  QmR XWLOL]DGR
&DQDO  ÆQJXOR GD 7')
&DQDO  9RODQWH PRWRU
&DQDO  7RUomR GD 7')

3UHVVLRQH R ERWmR GLPPLQJ SDUD FRQWLQXDU QDYH


JDQGR SHORV PHQXV ++

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

0yGXOR HOHWU{QLFR 8QLGDGH GH &RQWUROH &HQWUDO &&8  +)  ([LELU


LQIRUPDo}HV VREUH R KDUGZDUH GR FRQWURODGRU
127$ (VWH PHQX SHUPLWH TXH D LGHQWL¿FDomR GR KDUGZDUH D YHUVmR GR KDUGZDUH H R Q~PHUR GH LGHQWL¿FDomR GR
SURGXWR VHMDP H[LELGRV
127$ &RPXP SDUD WRGRV RV VXEVLVWHPDV

'LDJUDPD GH VHOHomR GD WHOD +) 0HQX

%$,/$3+$6$ 

6HOHFLRQH R PHQX +) SUHVVLRQDQGR R ERWmR GLPPLQJ


$ WHOD LUi H[LELU DOWHUQDGDPHQWH GH PDQHLUD DXWRPiWLFD
FRQIRUPH R H[HPSOR
 ,GHQWL¿FDomR GR KDUGZDUH
 9HUVmR GR KDUGZDUH
 9HUVmR GR KDUGZDUH
 1~PHUR GH LGHQWL¿FDomR GR SURGXWR
 1~PHUR GH VpULH
 1~PHUR GH VpULH
H UHWRUQD SDUD SHUPLWLU D QDYHJDomR GRV PHQXV ++

%$,/&&0$9$ 

127$ 2V ~OWLPRV WUrV FRQMXQWRV GH  GtJLWRV H[LELGRV UHSUHVHQWDP R Q~PHUR GH LGHQWL¿FDomR GR SURGXWR GH 
GtJLWRV GR PyGXOR (VVH Q~PHUR GHYH FRUUHVSRQGHU DR Q~PHUR GH LGHQWL¿FDomR GR SURGXWR PRVWUDGR QR UyWXOR GR
PyGXOR 2EVHUYH TXH R Q~PHUR GH LGHQWL¿FDomR GR SURGXWR PRVWUDGR QR PRQLWRU LUi LQFOXLU ]HURV LQLFLDLV TXH SRGHP
QmR VHU DSUHVHQWDGRV QR UyWXOR GR PyGXOR 1HVWH H[HPSOR R Q~PHUR GH VpULH p 

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

0yGXOR HOHWU{QLFR 8QLGDGH GH &RQWUROH &HQWUDO &&8  +- 


3URJUDPDomR GR Q~PHUR GH YiOYXOD GH FRQWUROH UHPRWR KLGUiXOLFR
HOHWU{QLFR
127$ &DGD YiOYXOD (+5 WHP VHX SUySULR SURFHVVDGRU LQFRUSRUDGR 2 SURFHVVDGRU DUPD]HQD HP VXD PHPyULD R
Q~PHUR GD YiOYXOD QR EORFR GR (+5 RX VHMD VH R Q~PHUR GD YiOYXOD p   RX  &DVR VHMD QHFHVViULR VXEVWLWXLU
XP FRQMXQWR GH YiOYXOD VHUi QHFHVViULR UHSURJUDPDU R Q~PHUR GH FDGD YiOYXOD HP WRGR R FRQMXQWR GD YiOYXOD 2V
FRQMXQWRV GH YiOYXOD GH UHSRVLomR VmR IRUQHFLGRV VHP XP Q~PHUR DWULEXtGR 3DUD UHSURJUDPDU D VHTXrQFLD GRV
Q~PHURV GH YiOYXOD XVH R SURFHGLPHQWR D VHJXLU

'LDJUDPD GH VHOHomR GD WHOD +- 0HQX

%$,/&&0)9' 

&RP WRGDV DV YiOYXODV UHPRWDV GLDQWHLUDV FRQHFWDGDV


DR FKLFRWH VHOHFLRQH R PHQX +- SUHVVLRQDQGR R ERWmR
GH GLPLQXLomR
$ VHomR VXSHULRU PRQLWRU LQGLFDUi ((KU

%9($ 

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

3UHVVLRQH H VHJXUH R ERWmR P D VHomR VXSHULRU PR


QLWRU IDUi FRQWDJHP GHFUHVFHQWH GH  D  H ¿QDOPHQWH
PRVWUDUi &(KU LQGLFDQGR RV Q~PHURV GH YiOYXOD TXH
IRUDP H[FOXtGRV

%$,/&&0$9$ 

'(6/,*8( D FKDYH GH SDUWLGD


'HVFRQHFWH R FKLFRWH GH WRGDV DV YiOYXODV H[FHWR GD
YiOYXOD Q~PHUR 
/LJXH D FKDYH GH LJQLomR H QDYHJXH DWp R PHQX +-
QRYDPHQWH
$ VHomR VXSHULRU PRQLWRU PRVWUDUi WHPSRUDULDPHQWH
(KUB VHJXLGR SRU (KU XP DYLVR VRQRUR LQGLFDUi
TXH D YiOYXOD IRL UHFRQKHFLGD H UHQXPHUDGD

%$,/&97$9$ 

$ VHomR VXSHULRU PRQLWRU H[LELUi XP DYLVR LQWHUPLWHQWH


GH (KU LQGLFDQGR TXH R FRQWURODGRU HVWi SURQWR SDUD
TXH D SUy[LPD YiOYXOD VHMD FRQHFWDGD

%$,/&97$9$ 

5HFRQHFWH FDGD YiOYXOD QD RUGHP FRUUHWD ¬ PHGLGD


TXH FDGD YiOYXOD p UHFRQHFWDGD XP ELSH LUi VLJQL¿FDU
TXH D YiOYXOD IRL UHFRQKHFLGD H R PRQLWRU LUi PXGDU SDUD
H[LELU R SUy[LPR Q~PHUR GH YiOYXOD D VHU UHFRQHFWDGD
DWp WRGDV DV YiOYXODV HVWDUHP FRQHFWDGDV

127$ &HUWL¿TXHVH GH TXH R ELSH VHMD RXYLGR RX TXH R PRQLWRU WHQKD PXGDGR LQGLFDQGR TXH D SUy[LPD YiOYXOD
HVWi SURQWD SDUD VHU UHFRQHFWDGD

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

6H XP Q~PHUR LQIHULRU j TXDQWLGDGH Pi[LPD GH YiOYX


ODV HVWLYHU LQVWDODGR p SRVVtYHO VDLU GD VHTXrQFLD GH
UHQXPHUDomR SUHVVLRQDQGR H VHJXUDQGR R ERWmR P
DWp (QG &RQFOXtGR VHU H[LELGR
6H R Q~PHUR Pi[LPR GH YiOYXODV IRU LQVWDODGR R SUR
FHGLPHQWR VHUi DXWRPDWLFDPHQWH HQFHUUDGR DVVLP TXH
D ~OWLPD YiOYXOD IRU UHQXPHUDGD H (QG VHUi H[LELGD

%$,/&97$9$ 

'HVOLJXH D FKDYH GH LJQLomR SDUD DUPD]HQDU RV QRYRV


Q~PHURV GDV YiOYXODV

127$ 6H DSyV HVWH SURFHGLPHQWR XP FyGLJR 8 IRU H[LELGR FRQVXOWH QD VHomR 6LVWHPDV HOpWULFRV  &Ï',*26
'( )$/+$

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

0yGXOR HOHWU{QLFR 8QLGDGH GH FRQWUROH GH LQVWUXPHQWRV  + 


&RQ¿JXUDo}HV H RSo}HV
+)  $',& DSULPRUDGR
(VWH PHQX H[LEH D FRQ¿JXUDo}HV GLVSRQtYHLV SDUD

'HVOLJDPHQWR GR PRWRU
5HGXomR GR FyGLJR GH IDOKD
2So}HV GR PRWRU HOHWU{QLFR
6HOHomR GR VHQVRU GH GLUHomR
6HOHomR GR IUHLR D DU
6HOHomR GH 6:&'

'LDJUDPD GH VHOHomR GD WHOD GR + 0HQX

%$,/&&0)9$ 

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

2So}HV GH GHVOLJDPHQWR GR PRWRU


6HOHFLRQH R VXEVLVWHPD GH GHVOLJDPHQWR GR PRWRU
SUHVVLRQDQGR R ERWmR GH GLPLQXLomR

%$,/&&0$9$ 

127$ $ FRQ¿JXUDomR SDGUmR p 1R 1mR 


3HUFRUUD DV RSo}HV GLVSRQtYHLV XVDQGR RV ERW}HV K
RX P
&RQVXOWH D WDEHOD D VHJXLU FRP DV RSo}HV GH GHVOLJD
PHQWR GR PRWRU GH LQMHomR GH FRPEXVWtYHO GH JDOHULD
FRPXP

%$,/&&0$9$ 

2So}HV &21',d®(6 1(&(66È5,$6 &21',d®(6 '( 68%67,78,d­2


3$5$ '(6/,*$0(172 '2 02725 23d®(6 '( '(6/,*$0(172 '2
02725
7RGDV DV FRQGLo}HV GHYHP VHU
DWHQGLGDV
&RQGLo}HV GH RSHUDomR 2SHUDGRU 2SHUDGRU 9HtFXOR 9HtFXOR
SUHVHQWH DXVHQWH SDUDGR HP PRYL
PHQWR
6HP
1­2 GHVOLJDPHQWR 2 PRWRU QmR LUi GHVOLJDU    
GR PRWRU
3UHVVmR GR yOHR GR PRWRU  %DL[D
7HPSHUDWXUD GR OtTXLGR GH DUUHIHFLPHQWR
6HPSUH GR PRWRU  $OWD
<(6
GHVOLJXH R 7HPSHUDWXUD GR yOHR GR FRQMXQWR GH
6,0
PRWRU DFLRQDPHQWR  $OWD
3UHVVmR GR yOHR GR FRQMXQWR GH
DFLRQDPHQWR  %DL[D
3UHVVmR GR yOHR GR PRWRU  %DL[D
7HPSHUDWXUD GR OtTXLGR GH DUUHIHFLPHQWR
'HVOLJDPHQWR GR PRWRU  $OWD
<(6
GR PRWRU 7HPSHUDWXUD GR yOHR GR FRQMXQWR GH
6,0
HVWDFLRQiULR DFLRQDPHQWR  $OWD
3UHVVmR GR yOHR GR FRQMXQWR GH
DFLRQDPHQWR  %DL[D

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

2So}HV GH UHGXomR GR FyGLJR GH IDOKD


6HOHFLRQH R VXEVLVWHPD GH UHGXomR GR FyGLJR GH IDOKD
SUHVVLRQDQGR R ERWmR GH GLPLQXLomR

%$,/&&0$9$ 

3HUFRUUD DV RSo}HV GLVSRQtYHLV XVDQGR RV ERW}HV K


RX P
)DFWRU\ )  PRGR GH HUUR GD IiEULFD H[LEH WRGRV RV
FyGLJRV GH IDOKD SRU XP SHUtRGR GH  PLQXWRV H UHWRUQD
j UHGXomR GR FyGLJR GH IDOKD (&5 
(&5 (  PRGR GH UHGXomR GR FyGLJR GH IDOKD H[LEH
VRPHQWH RV HUURV FUtWLFRV
/LYH /  PRGR GH FyGLJR GH IDOKD DWLYR H[LEH WRGRV
RV FyGLJRV GH IDOKD

%$,/&&0$9$ 

0DQWHQKD SUHVVLRQDGR R ERWmR K RX P SDUD DUPD


]HQDU D VHOHomR XP VLQDO VRQRUR VRDUi SDUD FRQ¿UPDU
D VHOHomR
3UHVVLRQH R ERWmR GH GLPLQXLomR SDUD FRQWLQXDU QDYH
JDQGR SHORV PHQXV ++

23d®(6 '2 02725 (/(75Ð1,&2


6HOHFLRQH R VXEVLVWHPD GR PRWRU HOHWU{QLFR SUHVVLR
QDQGR R ERWmR GH GLPLQXLomR

%$,/&&0$9$ 

127$ $ FRQ¿JXUDomR SDGUmR p <HV 6LP  FRP PRWRU HOHWU{QLFR

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

5ROH DWUDYpV GDV RSo}HV GLVSRQtYHLV XVDQGR R ERWmR


K RX P
0DQWHQKD SUHVVLRQDGR R ERWmR K RX P SDUD DUPD
]HQDU D VHOHomR XP VLQDO VRQRUR VRDUi SDUD FRQ¿UPDU
D VHOHomR
3UHVVLRQH R ERWmR GH GLPLQXLomR SDUD FRQWLQXDU QDYH
JDQGR SHORV PHQXV ++

%$,/&&0$9$ 

2So}HV GH VHOHomR GR VHQVRU GH GLUHomR


6HOHFLRQH R VXEVLVWHPD GR VHQVRU GH GLUHomR SUHVVLR
QDQGR R ERWmR GH GLPLQXLomR

%$,/&&0$9$ 

127$ $ FRQ¿JXUDomR SDGUmR p 1R 1mR  VHP VHQVRU GH GLUHomR


5ROH DWUDYpV GDV RSo}HV GLVSRQtYHLV XVDQGR R ERWmR
K RX P
0DQWHQKD SUHVVLRQDGR R ERWmR K RX P SDUD DUPD
]HQDU D VHOHomR XP VLQDO VRQRUR VRDUi SDUD FRQ¿UPDU
D VHOHomR
3UHVVLRQH R ERWmR GH GLPLQXLomR SDUD FRQWLQXDU QDYH
JDQGR SHORV PHQXV ++

%$,/&&0$9$ 

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

2So}HV GR IUHLR D DU
6HOHFLRQH R VXEVLVWHPD GR IUHLR D DU SUHVVLRQDQGR R
ERWmR GH GLPLQXLomR

%$,/&&0$9$ 

127$ $ FRQ¿JXUDomR SDGUmR p 1R 1mR  VHP IUHLRV D DU


5ROH DWUDYpV GDV RSo}HV GLVSRQtYHLV XVDQGR R ERWmR
K RX P
0DQWHQKD SUHVVLRQDGR R ERWmR K RX P SDUD DUPD
]HQDU D VHOHomR XP VLQDO VRQRUR VRDUi SDUD FRQ¿UPDU
D VHOHomR
3UHVVLRQH R ERWmR GH GLPLQXLomR SDUD FRQWLQXDU QDYH
JDQGR SHORV PHQXV ++

%$,/&&0$9$ 

6HOHomR GH 6:&'
6HOHFLRQH R VXEVLVWHPD 6:&' SUHVVLRQDQGR R ERWmR
GH GLPLQXLomR

%$,/&&0$9$ 

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

1DYHJXH SHODV RSo}HV GLVSRQtYHLV XVDQGR RV ERW}HV


K H P
0DQWHQKD SUHVVLRQDGR R ERWmR GH QDYHJDomR K RX
P SDUD DUPD]HQDU D VHOHomR XP VLQDO VRQRUR VRDUi
SDUD FRQ¿UPDU D VHOHomR
3UHVVLRQH R ERWmR GLPPLQJ SDUD FRQWLQXDU QDYH
JDQGR SHORV PHQXV ++

%$,/&&0$9$ 

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

0yGXOR HOHWU{QLFR 8QLGDGH GH FRQWUROH GH LQVWUXPHQWRV  + 


([LELU R QtYHO GH UHYLVmR GH VRIWZDUH
(VWH PHQX H[LEH D YHUVmR GR VRIWZDUH GD XQLGDGH

+  (;,%,5 $ 9(56­2 '( 62)7:$5(

%$,/$3+)9$ 

6HOHFLRQH R PHQX + SUHVVLRQDQGR R ERWmR GLPPLQJ

%$,/&&0$9$ 

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

2 PRQLWRU FHQWUDO LQIHULRU LUi H[LELU DXWRPDWLFDPHQWH D


YHUVmR GR VRIWZDUH FRQIRUPH R H[HPSOR PRVWUDGR D
VHJXLU H LUi UHWRUQDU SDUD SHUPLWLU D QDYHJDomR GRV PH
QXV ++

%$,/&97$9$ 

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

0yGXOR HOHWU{QLFR 8QLGDGH GH FRQWUROH GH LQVWUXPHQWRV  +  7HVWH


GH RSHUDomR GR LQWHUUXSWRU
(VWH PHQX H[LEH XP GHWHUPLQDGR FyGLJR TXDQGR XPD
WUDQVLomR GH LQWHUUXSWRU p GHWHFWDGD

'LDJUDPD GH VHOHomR GD WHOD + 0HQX

%$,/&&0)9$ 

6HOHFLRQH R PHQX + SUHVVLRQDQGR R ERWmR GLPPLQJ

%$,/&&0$9$ 

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

2 PRQLWRU FHQWUDO LQIHULRU LUi PRVWUDU G B B

%9($ 

4XDQGR XP LQWHUUXSWRU p RSHUDGR XP FyGLJR VHUi H[L


ELGR H XP VLQDO VRQRUR VRDUi SDUD LQGLFDU D IXQomR FRU
UHWD
6H XP FyGLJR GH LQWHUUXSWRU QmR IRU H[LELGR H R VLQDO
VRQRUR QmR VRDU XP WHVWH GH PRYLPHQWR SRGH VHU
H[HFXWDGR QD ¿DomR UHODFLRQDGD DR PHVPR WHPSR HP
TXH REVHUYD R PRQLWRU RX HVFXWD R VLQDO VRQRUR R TXH
DMXGD D ORFDOL]DU D IDOKD

%$,/&&0$9$ 

127$ 6H R LQWHUUXSWRU GD FKDYH GD LJQLomR IRU YLUDGD SDUD D SRVLomR GH SDUWLGD FRP D DODYDQFD VHOHWRUD GH DYDQoR H
Up HP QHXWUR H R SHGDO GD HPEUHDJHP SUHVVLRQDGR p SRVVtYHO TXH RFRUUD XP HUUR GH GHVDFRUGR HQWUH LQWHUUXSWRUHV

&RQHFWRU GR 1~PHUR GR
,GHQWL¿FDGRU ,QWHUUXSWRU(QWUDGD
FRQWURODGRU SLQR
G 1HQKXP LQWHUUXSWRU RX GRLV LQWHUUXSWRUHV DWLYDGRV DR PHVPR WHPSR
G &1  ,QWHUUXSWRU GR IUHLR GH HVWDFLRQDPHQWR
G &1  ,QWHUUXSWRU GR IDURO DOWR SULQFLSDO
G &1  /kPSDGDV GH GHPDUFDomR ODWHUDO H LOXPLQDomR
G &1  )UHLRV GHVWUDYDGRV 620(17( -DSmR
G &1  ,QGLFDGRU GR VLQDO GH FRQYHUVmR HVTXHUGR
G &1  ,QGLFDGRU GR VLQDO GH FRQYHUVmR GLUHLWR
G &1  ,QWHUUXSWRU GR IUHLR GH HVFDSH

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

0yGXOR HOHWU{QLFR 8QLGDGH GH FRQWUROH GH LQVWUXPHQWRV  + 


'LDJQyVWLFR GR YROWtPHWUR
(VWH PHQX p XVDGR SDUD YHUL¿FDU D RSHUDomR GH YiULRV
SRWHQFL{PHWURV IRUQHFLPHQWR GH WHQVmR H RV FLUFXLWRV
GH FRUUHQWH GH VROHQRLGH
6H XPD IDOKD LQWHUPLWHQWH IRU GHWHFWDGD HP XP FLUFXLWR
XP WHVWH GH PRYLPHQWR SRGH VHU H[HFXWDGR QD ¿DomR
UHODFLRQDGD DR PHVPR WHPSR HP TXH REVHUYD R PRQL
WRU HP EXVFD GH PXGDQoDV UHSHQWLQDV QRV YDORUHV R
TXH DMXGD D ORFDOL]DU D iUHD HP TXH H[LVWH XPD IDOKD

127$ 2 YHtFXOR SRGH VHU FRQGX]LGR HQTXDQWR HVWLYHU QHVWH PHQX

'LDJUDPD GH VHOHomR GD WHOD + 0HQX

%$,/&&0)9$ 

6HOHFLRQH R PHQX + SUHVVLRQDQGR R ERWmR GLPPLQJ

%$,/&&0$9$ 

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

2 PRQLWRU FHQWUDO LQIHULRU LUi H[LELU FK B B

%$,/&&0$9$ 

2 FDQDO QHFHVViULR SRGH VHU VHOHFLRQDGR DWUDYpV GRV


ERW}HV K H P
$SyV XP DWUDVR R YDORU VHUi H[LELGR &RPSDUH R YDORU
H[LELGR FRP D OHLWXUD WtSLFD LQGLFDGD QD WDEHOD DEDL[R

127$ 2 YDORU p D WHQVmR RX R VLQDO GH HQWUDGD QR FRQWURODGRU ,VVR QmR SRGH VHU WUDGX]LGR GLUHWDPHQWH HP XPD
WHQVmR GHYLGR DRV SURFHVVRV LQWHUQRV GR FRQWURODGRU 8P ]HUR HTXLYDOH D  YROWV
6H R YDORU H[LELGR YDULD PDLV GH  HP UHODomR DR LQ
GLFDGR QD WDEHOD D VHJXLU Ki XPD IDOKD QR FRPSRQHQWH
RX QR FKLFRWH GR ¿R UHODFLRQDGR D HVVH FDQDO

%$,/&97$9$ 

127$ 9HUL¿TXH RV FRQHFWRUHV GR FLUFXLWR DIHWDGR LQFOXLQGR RV FRQHFWRUHV GR FRQWURODGRU DQWHV GH VXEVWLWXLU TXDO
TXHU FRPSRQHQWH

&DQDO 'HVFULomR /HLWXUD WtSLFD 1RWDV


 7HQVmR GH SURJUDPDomR  9 &RQVXOWH DV H[SOLFDo}HV D
9SS VHJXLU
 $OLPHQWDomR GH  9 GR 9
VHQVRU
 (QWUDGD 97 GH  9  WHQVmR HP YROWV &RQVXOWH DV H[SOLFDo}HV D
VHJXLU
 6HQVRU GH kQJXOR GD  WUDYD WRWDOPHQWH j
GLUHomR GLUHLWD
 WUDYD WRWDOPHQWH j
HVTXHUGD
 3UHVVmR GR IUHLR D DU  EDU $GYHUWrQFLD GH SUHVVmR
EDL[D HP  EDU
 6HQVRU GR QtYHO GH     &KHLR
FRPEXVWtYHO  9D]LR
 %RPED GD SDOKHWD 
 3UHVVmR GR IUHLR D DU  EDU $GYHUWrQFLD GH SUHVVmR
VHQVRU QRYR EDL[D HP  EDU

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

([SOLFDo}HV
(QWUDGD 9SS HVWD p D WHQVmR GH HQWUDGD QR FRQWURODGRU
SDUD UHWHU D PHPyULD YROiWLO
(QWUDGD 97 HVWD p XPD VHJXQGD WHQVmR GH HQWUDGD QR
FRQWURODGRU

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

0yGXOR HOHWU{QLFR 8QLGDGH GH FRQWUROH GH LQVWUXPHQWRV  +% 


([LELU FyGLJRV GH IDOKD DUPD]HQDGRV
(VWH PHQX p XVDGR SDUD H[LELU RV FyGLJRV GH IDOKD DU
PD]HQDGRV QD ((3520 GR FRQWURODGRU

'LDJUDPD GH VHOHomR GD WHOD +% 0HQX

%$,/&&0)9$ 

6HOHFLRQH R PHQX +% SUHVVLRQDQGR R ERWmR GLPPLQJ

%$,/&&0$9$ 

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

2 PRQLWRU FHQWUDO LQIHULRU LUi SLVFDU R Q~PHUR ³´ FDVR


QmR KDMD FyGLJRV GH IDOKD DUPD]HQDGRV

%$,/++3$9$ 

6H KRXYHU DOJXP FyGLJR GH HUUR SUHVHQWH R PRQLWRU


FHQWUDO LQIHULRU LUi SLVFDU D OHWUD )

%9)$ 

2 PRQLWRU FHQWUDO LQIHULRU LUi H[LELU DOWHUQDGDPHQWH GH


PDQHLUD DXWRPiWLFD FRQIRUPH R H[HPSOR
 &yGLJR GH IDOKD
 +RUD GD SULPHLUD RFRUUrQFLD
 +RUD GD ~OWLPD RFRUUrQFLD
 1~PHUR GH RFRUUrQFLDV GD IDOKD

%$,/&&0$9$ 

3UHVVLRQH R ERWmR K RX P SDUD PXGDU SDUD R SUy


[LPR FyGLJR GH IDOKD QD OLVWD
2 PRQLWRU FHQWUDO LQIHULRU LUi H[LELU B B B QR ¿QDO GD
OLVWD
3UHVVLRQH R ERWmR GLPPLQJ SDUD FRQWLQXDU D QDYHJD
omR SHORV PHQXV ++

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

0yGXOR HOHWU{QLFR 8QLGDGH GH FRQWUROH GH LQVWUXPHQWRV  +& 


/LPSDU WRGRV RV FyGLJRV GH IDOKD DUPD]HQDGRV
'LDJUDPD GH VHOHomR GD WHOD +& 0HQX

%$,/&&0)9$ 

127$ 6HPSUH DQRWH RV FyGLJRV GH IDOKD DUPD]HQDGRV DQWHV GH DSDJDU D PHPyULD


6HOHFLRQH R PHQX +& SUHVVLRQDQGR R ERWmR GLPPLQJ

%$,/&&0$9$ 

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

2 PRQLWRU FHQWUDO LQIHULRU LUi H[LELU ) &/

%9($ 

127$ 6H D WHFOD P IRU OLEHUDGD DQWHV GH FRQFOXLU D FRQWDJHP UHJUHVVLYD R SURFHGLPHQWR VHUi LQWHUURPSLGR
0DQWHQKD SUHVVLRQDGR R ERWmR P SDUD FRQ¿UPDU D
OLPSH]D GD PHPyULD
2 PRQLWRU FHQWUDO LQIHULRU LUi FRQWDU UHJUHVVLYDPHQWH GH
 D  H HP VHJXLGD (( VHUi H[LELGR SDUD LQGLFDU
TXH RV FyGLJRV GH IDOKD IRUDP DSDJDGRV
3UHVVLRQH R ERWmR GLPPLQJ SDUD FRQWLQXDU D QDYHJD
omR SHORV PHQXV ++

%9($ 

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

0yGXOR HOHWU{QLFR 8QLGDGH GH FRQWUROH GH LQVWUXPHQWRV  +) 


([LELU LQIRUPDo}HV VREUH R KDUGZDUH GR FRQWURODGRU
(VWH PHQX SHUPLWH TXH D LGHQWL¿FDomR GR KDUGZDUH
D YHUVmR GR KDUGZDUH H R Q~PHUR GH LGHQWL¿FDomR GR
SURGXWR VHMDP H[LELGRV

127$ &RPXP SDUD WRGRV RV VXEVLVWHPDV

'LDJUDPD GH VHOHomR GD WHOD +) 0HQX

%$,/$3+$9$ 

6HOHFLRQH R PHQX +) SUHVVLRQDQGR R ERWmR GLPPLQJ

%$,/$3+$9$ 

$ 
 >@  
6LVWHPDV HOpWULFRV  0yGXORV HOHWU{QLFRV

$ WHOD LUi H[LELU DOWHUQDGDPHQWH GH PDQHLUD DXWRPiWLFD


FRQIRUPH R H[HPSOR
 ,GHQWL¿FDomR GR KDUGZDUH
 9HUVmR GR KDUGZDUH
 9HUVmR GR KDUGZDUH
 1~PHUR GH LGHQWL¿FDomR GR SURGXWR
 1~PHUR GH VpULH
 1~PHUR GH VpULH
H UHWRUQD SDUD SHUPLWLU D QDYHJDomR GRV PHQXV ++

%$,/&&0$9$ 

127$ 2V ~OWLPRV WUrV FRQMXQWRV GH  GtJLWRV H[LELGRV UHSUHVHQWDP R Q~PHUR GH LGHQWL¿FDomR GR SURGXWR GH 
GtJLWRV GR PyGXOR (VVH Q~PHUR GHYH FRUUHVSRQGHU DR Q~PHUR GH LGHQWL¿FDomR GR SURGXWR PRVWUDGR QR UyWXOR GR
PyGXOR 2EVHUYH TXH R Q~PHUR GH LGHQWL¿FDomR GR SURGXWR PRVWUDGR QR PRQLWRU LUi LQFOXLU ]HURV LQLFLDLV TXH SRGHP
QmR VHU DSUHVHQWDGRV QR UyWXOR GR PyGXOR

$ 
 >@  
ËQGLFH

6LVWHPDV HOpWULFRV  

0yGXORV HOHWU{QLFRV  


0yGXOR HOHWU{QLFR 8QLGDGH GH FRQWUROH GH LQVWUXPHQWRV  'LDJUDPD HOHWU{QLFR 3DLQHO GH LQVWUXPHQ
WRV PHOKRUDGR                                                                          
0yGXOR HOHWU{QLFR 8QLGDGH GH &RQWUROH &HQWUDO &&8  'LDJUDPD HOHWU{QLFR 7UDQVPLVVmR FRQWUROH
HOHWU{QLFR GH WUDomR 7'3 WUDVHLUD WUDomR QDV TXDWUR URGDV EORTXHLR GR GLIHUHQFLDO             
0yGXOR HOHWU{QLFR &RQWURODGRU GH LQWHUIDFH LVREXV 7(&8  'LDJUDPD HOHWU{QLFR %86 ,62 7(&8 
0yGXOR HOHWU{QLFR  &RQ¿JXUDU -$  7HFODGR DSULPRUDGR                                      
0yGXOR HOHWU{QLFR  &RQ¿JXUDU .$  &RQWUROH GH GLUHomR                                     
0yGXOR HOHWU{QLFR  &RQ¿JXUDU 3DLQHO GH LQVWUXPHQWRV                                       
0yGXOR HOHWU{QLFR  &RQ¿JXUDU 8QLGDGH GH FRQWUROH FHQWUDO &&8 PyGXOR 5% WUDQVPLVVmR 6HPL
3RZHUVKLIW &RQWUROH HOHWU{QLFR GH HVIRUoR 7'3 WUDVHLUD WUDomR URGD GLDQWHLUD EORTXHLR GR GLIHUHQ
FLDO PRWRU                                                                             
0yGXOR HOHWU{QLFR  'HVFULomR HVWiWLFD                                                     
0yGXOR HOHWU{QLFR 8QLGDGH GH &RQWUROH &HQWUDO &&8  &DOLEUDU                              
0yGXOR HOHWU{QLFR 8QLGDGH GH &RQWUROH &HQWUDO &&8  +  3URFHGLPHQWRV GH FDOLEUDomR       
0yGXOR HOHWU{QLFR 8QLGDGH GH &RQWUROH &HQWUDO &&8  +  ([LELU RV YDORUHV GH FDOLEUDomR DUPD
]HQDGRV                                                                               
0yGXOR HOHWU{QLFR 8QLGDGH GH &RQWUROH &HQWUDO &&8  +  &RQ¿JXUDo}HV H RSo}HV           
0yGXOR HOHWU{QLFR 8QLGDGH GH &RQWUROH &HQWUDO &&8  +  ([LELU R QtYHO GH UHYLVmR GH VRIWZDUH 
0yGXOR HOHWU{QLFR 8QLGDGH GH &RQWUROH &HQWUDO &&8  +  7HVWH GH RSHUDomR GR LQWHUUXSWRU    
0yGXOR HOHWU{QLFR 8QLGDGH GH &RQWUROH &HQWUDO &&8  +  ([LELomR GH LQIRUPDo}HV GR YHtFXOR 
0yGXOR HOHWU{QLFR 8QLGDGH GH &RQWUROH &HQWUDO &&8  +  0RGRV GH WHVWH GR YHtFXOR         
0yGXOR HOHWU{QLFR 8QLGDGH GH &RQWUROH &HQWUDO &&8  +  /LPSDU LQIRUPDo}HV DUPD]HQDGDV
VREUH FDOLEUDomR ((3520                                                             
0yGXOR HOHWU{QLFR 8QLGDGH GH &RQWUROH &HQWUDO &&8  +  'LDJQyVWLFR GR YROWtPHWUR          
0yGXOR HOHWU{QLFR 8QLGDGH GH &RQWUROH &HQWUDO &&8  +$  0RGR GH GHPRQVWUDomR           
0yGXOR HOHWU{QLFR 8QLGDGH GH &RQWUROH &HQWUDO &&8  +%  ([LELU FyGLJRV GH IDOKD DUPD]HQDGRV 
0yGXOR HOHWU{QLFR 8QLGDGH GH &RQWUROH &HQWUDO &&8  +&  /LPSDU WRGRV RV FyGLJRV GH IDOKD
DUPD]HQDGRV                                                                           
0yGXOR HOHWU{QLFR 8QLGDGH GH &RQWUROH &HQWUDO &&8  +(  ([LELU HQWUDGDV GH IUHTXrQFLD      
0yGXOR HOHWU{QLFR 8QLGDGH GH &RQWUROH &HQWUDO &&8  +)  ([LELU LQIRUPDo}HV VREUH R KDUGZDUH
GR FRQWURODGRU                                                                          
0yGXOR HOHWU{QLFR 8QLGDGH GH &RQWUROH &HQWUDO &&8  +-  3URJUDPDomR GR Q~PHUR GH YiOYXOD
GH FRQWUROH UHPRWR KLGUiXOLFR HOHWU{QLFR                                                    
0yGXOR HOHWU{QLFR 8QLGDGH GH FRQWUROH GH LQVWUXPHQWRV  'LDJUDPD HOHWU{QLFR 3DLQHO GH LQVWUXPHQ
WRV EiVLFRV                                                                             
0yGXOR HOHWU{QLFR 8QLGDGH GH FRQWUROH GH LQVWUXPHQWRV  +  &RQ¿JXUDo}HV H RSo}HV          
0yGXOR HOHWU{QLFR 8QLGDGH GH FRQWUROH GH LQVWUXPHQWRV  +  ([LELU R QtYHO GH UHYLVmR GH VRIWZDUH 

$ 
 >@  
0yGXOR HOHWU{QLFR 8QLGDGH GH FRQWUROH GH LQVWUXPHQWRV  +  7HVWH GH RSHUDomR GR LQWHUUXSWRU   
0yGXOR HOHWU{QLFR 8QLGDGH GH FRQWUROH GH LQVWUXPHQWRV  +  'LDJQyVWLFR GR YROWtPHWUR         
0yGXOR HOHWU{QLFR 8QLGDGH GH FRQWUROH GH LQVWUXPHQWRV  +%  ([LELU FyGLJRV GH IDOKD DUPD]HQDGRV
                                                                                      
0yGXOR HOHWU{QLFR 8QLGDGH GH FRQWUROH GH LQVWUXPHQWRV  +&  /LPSDU WRGRV RV FyGLJRV GH IDOKD
DUPD]HQDGRV                                                                           
0yGXOR HOHWU{QLFR 8QLGDGH GH FRQWUROH GH LQVWUXPHQWRV  +)  ([LELU LQIRUPDo}HV VREUH R KDUGZDUH
GR FRQWURODGRU                                                                          
0yGXORV HOHWU{QLFRV  'HVFULomR HVWiWLFD                                                   

$ 
 >@  
6LVWHPDV HOpWULFRV  

6LVWHPD GH FRQWUROH GR HL[R GLDQWHLUR  

7 &RP FDELQH [ 7,(5  >+&&=&(&:  @


7 &RP FDELQH [ 7,(5  >+&&=&(&:  @
7 &RP FDELQH [ 7,(5  >+&&=&(&:  @
7 &RP FDELQH [ 7,(5  >+&&=&(&:  @

$ 
 >@  
&RQWH~GR

6LVWHPDV HOpWULFRV  

6LVWHPD GH FRQWUROH GR HL[R GLDQWHLUR  

6(59,d2

6LVWHPD GH FRQWUROH GR HL[R GLDQWHLUR


6XEVWLWXLU                                                                                   

$ 
 >@  
6LVWHPDV HOpWULFRV  6LVWHPD GH FRQWUROH GR HL[R GLDQWHLUR

6LVWHPD GH FRQWUROH GR HL[R GLDQWHLUR  6XEVWLWXLU


 3DUD VXEVWLWXLU VRPHQWH D XQLGDGH GH VHQVRUHV GR SR
WHQFL{PHWUR UHWLUH D SODFD GH UHWHQomR GR SRWHQFL{PH
WUR  H UHFXH R SRWHQFL{PHWUR  GR DORMDPHQWR RVFL
ODQWH GR HL[R

%5+% 

 5HLQVWDOH R SRWHQFL{PHWUR FHUWL¿FDQGRVH GH TXH R


DFLRQDPHQWR ' GR HL[R H R SRWHQFL{PHWUR VH DOLQKHP
FRUUHWDPHQWH
 9HUL¿TXH VH R DQHO GH YHGDomR GD SODFD GH UHWHQomR
HVWi HP ERDV FRQGLo}HV H UHLQVWDOH D SODFD GH UHWHQomR

127$ (P VHJXLGD VHUi QHFHVViULR H[HFXWDU D FDOLEUDJHP GR VHQVRU GH kQJXOR GD GLUHomR &RQVXOWH (L[R GLDQWHLUR
PRWUL]  &DOLEUDU  

6XEVWLWXLomR GD ¿DomR H GR HL[R GR SRWHQFL{PHWUR


 &RP R DORMDPHQWR RVFLODQWH H R HL[R UHWLUDGRV FRQVXOWH
 &XER GD URGD  5HPRomR (L[R GH WUDomR HP TXD
WUR URGDV  UHWLUH FXLGDGRVDPHQWH R FRQHFWRU
HOpWULFR GD ¿DomR GR SRWHQFL{PHWUR 5HWLUH D SODFD GH
UHWHQomR GR ¿R  H SX[H R HL[R GR SRWHQFL{PHWUR H
D ¿DomR SDUD FLPD DWUDYpV GR WRSR GR DORMDPHQWR GR
HL[R

%5+% 

 ,QVWDOH R QRYR SRWHQFL{PHWUR  H D ¿DomR DWUDYH] GR


IXUR GR HL[R FRQIRUPH D )LJXUD  5HLQVWDOH D SODFD
GH UHWHQomR GD ¿DomR H FHUWL¿TXHVH GH TXH R LOKy GH
ERUUDFKD GD ¿DomR VHMD LQVWDODGR FRUUHWDPHQWH QR DOR
MDPHQWR 5HFRQHFWH D ¿DomR QR FRQHFWRU

%5+% 

$ 
 >@  
6LVWHPDV HOpWULFRV  6LVWHPD GH FRQWUROH GR HL[R GLDQWHLUR

 ,QVWDOH R DORMDPHQWR RVFLODQWH RV FDOoRV GH DMXVWH RV


SLQRV DUWLFXODGRV VXSHULRU H LQIHULRU FHUWL¿FDQGRVH GH
TXH R ÀDQJH GR SLQR VXSHULRU ¿TXH SRVLFLRQDGR FRUUH
WDPHQWH FRPR PRVWUDGR QD )LJXUD  &RQVXOWH &XER
GD URGD  5HPRomR (L[R GH WUDomR HP TXDWUR URGDV
 
127$ (P VHJXLGD VHUi QHFHVViULR H[HFXWDU D FDOLEUD
JHP GR VHQVRU GH kQJXOR GD GLUHomR &RQVXOWH (L[R GLDQ
WHLUR PRWUL]  &DOLEUDU  

%5+% 

$ 
 >@  
ËQGLFH

6LVWHPDV HOpWULFRV  

6LVWHPD GH FRQWUROH GR HL[R GLDQWHLUR  


6LVWHPD GH FRQWUROH GR HL[R GLDQWHLUR  6XEVWLWXLU                                            

$ 
 >@  
$ 
 >@  
6LVWHPDV HOpWULFRV  

6LVWHPD GH FRQWUROH HOHWU{QLFR GR HQJDWH WUDVHLUR GH WUrV SRQWRV 




7 &RP FDELQH [ 7,(5  >+&&=&(&:  @


7 &RP FDELQH [ 7,(5  >+&&=&(&:  @
7 &RP FDELQH [ 7,(5  >+&&=&(&:  @
7 &RP FDELQH [ 7,(5  >+&&=&(&:  @

$ 
 >@  
&RQWH~GR

6LVWHPDV HOpWULFRV  

6LVWHPD GH FRQWUROH HOHWU{QLFR GR HQJDWH WUDVHLUR GH WUrV SRQWRV  

'$'26 )81&,21$,6

6LVWHPD GH FRQWUROH HOHWU{QLFR GR HQJDWH WUDVHLUR GH WUrV SRQWRV


'HVFULomR HVWiWLFD                                                                           

6(59,d2

6LVWHPD GH FRQWUROH HOHWU{QLFR GR HQJDWH WUDVHLUR GH WUrV SRQWRV


&DOLEUDU                                                                                    

$ 
 >@  
6LVWHPDV HOpWULFRV  6LVWHPD GH FRQWUROH HOHWU{QLFR GR HQJDWH WUDVHLUR GH WUrV SRQWRV

6LVWHPD GH FRQWUROH HOHWU{QLFR GR HQJDWH WUDVHLUR GH WUrV SRQWRV 


'HVFULomR HVWiWLFD
127$ 2EVHUYH DV VHJXLQWHV SUHFDXo}HV DR H[HFXWDU XPD VROGDJHP SRU DUFR QRV WUDWRUHV LQVWDODGRV FRP FRQWUROH
HOHWU{QLFR GH HVIRUoR

‡ 6H SRVVtYHO GHVFRQHFWH D SHoD RX R LPSOHPHQWR HP TXH VHUi IHLWD D VROGDJHP SRU DUFR GR WUDWRU
‡ 'HVFRQHFWH DPERV RV FDERV GD EDWHULD ,VROH DV H[WUHPLGDGHV GR FDER SDUD HYLWDU FRQWDWR HQWUH HODV H FRP R
WUDWRU
‡ 3RVLFLRQH D EUDoDGHLUD GH DWHUUDPHQWR GR VROGDGRU R PDLV SHUWR SRVVtYHO GD iUHD GH VROGDJHP
‡ 6H D VROGDJHP IRU UHDOL]DGD SHUWR GRV PLFURSURFHVVDGRUHV GR WUDWRU HOHV GHYHP VHU UHPRYLGRV GR WUDWRU
‡ 1XQFD GHL[H RV FDERV GH VROGD VREUH SUy[LPRV RX DR ORQJR GH QHQKXPD ¿DomR HOpWULFD RX FRPSRQHQWH HOHWU{
QLFR GXUDQWH D VROGDJHP

8P PpWRGR GH IRUQHFHU XP FRQWUROH GH SURIXQGLGDGH PDLV FRQVWDQWH p DSURYHLWDU R IDWR GH TXH FDUJD GH HVIRUoR
DXPHQWD FRP D SURIXQGLGDGH GR LPSOHPHQWR 6H XP HVIRUoR GR LPSOHPHQWR ¿[R p PDQWLGR LVVR UHVXOWDUi HP XPD
SURIXQGLGDGH GR LPSOHPHQWR ¿[D GHVGH TXH D YHORFLGDGH GR WUDWRU H R WLSR GH VROR D VHUHP WUDEDOKDGRV SHUPDQHoDP
FRQVWDQWHV

2 VLVWHPD GH FRQWUROH HOHWU{QLFR GH HVIRUoR GH HOHYDomR KLGUiXOLFD IRUQHFH XP PHLR GH FRQWURODU FRP SUHFLVmR R
HVIRUoR GR LPSOHPHQWR H D SURIXQGLGDGH GH SHQHWUDomR QR VROR HP LPSOHPHQWRV PRQWDGRV RX VHPLPRQWDGRV

2 SULQFtSLR GH FRQWUROH HOHWU{QLFR GH HVIRUoR p GHWHFWDU YDULDo}HV GH HVIRUoR DWUDYpV GH GRLV SLQRV GH GHWHFomR GH
FDUJD QDV DUWLFXODo}HV LQIHULRUHV H R XVR GH XP PLFURSURFHVVDGRU FRQYHUWH HVVDV YDULDo}HV HP VLQDLV HOpWULFRV SDUD
FRQWURODU D FDUJD GH HVIRUoR H SURIXQGLGDGH GH WUDEDOKR GH XP LPSOHPHQWR

$ VXDYLGDGH H SUHFLVmR IRUQHFLGDV GXUDQWH D RSHUDomR RIHUHFHP D HVWH VLVWHPD XPD YDQWDJHP FODUD VREUH RV VLV
WHPDV PHFkQLFRV FRQYHQFLRQDLV

$OpP GH IRUQHFHU FRQWUROH GH HVIRUoR WDPEpP p QHFHVViULR IRUQHFHU XP VLVWHPD HP TXH DV DUWLFXODo}HV KLGUiXOLFDV
SRVVDP VHU PDQWLGDV HP XPD SRVLomR UHODWLYD DR WUDWRU LQGHSHQGHQWHPHQWH GDV IRUoDV GH HVIRUoR QR LPSOHPHQWR
(VVH PpWRGR GH PDQXWHQomR GD SRVLomR GR LPSOHPHQWR p FKDPDGR GH FRQWUROH GH SRVLomR

&20321(17(6

&RQMXQWR GH HOHYDomR KLGUiXOLFD H 9iOYXOD GH FRQWUROH

$ YiOYXOD GH &RQWUROH HOHWU{QLFR GH HVIRUoR GH HOHYDomR KLGUiXOLFD YiOYXOD ('& p XPD YiOYXOD GH WLSR HPSLOKiYHO
SURSRUFLRQDO RSHUDGD SRU VROHQRLGH  PRQWDGD FRP DV YiOYXODV GH FRQWUROH UHPRWR  QD SDUWH WUDVHLUD GR WUDWRU

$ YiOYXOD UHVSRQGH D VLQDLV PRGXODGRV GH ODUJXUD GH SXOVR GR PLFURSURFHVVDGRU SDUD GLUHFLRQDU R yOHR GH SUHVVmR
GD ERPED GH H SDUD RV FLOLQGURV GH HOHYDomR KLGUiXOLFD GLUHWDPHQWH SURSRUFLRQDLV DR JUDX GH HOHYDomR UHTXHULGR

%6($ 

%RPED +LGUiXOLFD

2 ÀX[R GH yOHR SDUD R VLVWHPD GH FRQWUROH HOHWU{QLFR GH HVIRUoR p IRUQHFLGR SHOD ERPED GR SLVWmR GH 'HVORFDPHQWR
YDULiYHO GR VHQVRU GH FDUJD TXH DMXVWD D SURGXomR GH DFRUGR FRP D GHPDQGD GR FLUFXLWR KLGUiXOLFR

$ 
 >@  
6LVWHPDV HOpWULFRV  6LVWHPD GH FRQWUROH HOHWU{QLFR GR HQJDWH WUDVHLUR GH WUrV SRQWRV

)LJXUD  %RPED GR 3LVWmR GH 'HVORFDPHQWR 9DULiYHO

%$,/$3+$6$ 

3URFHVVDGRU GH FRQWUROH HOHWU{QLFR GH HVIRUoR ('&

2 SURFHVVDGRU p R VLVWHPD GH JHUHQFLDPHQWR GR FRQMXQWR GH HOHYDomR KLGUiXOLFD GR FRQWUROH HOHWU{QLFR GH HVIRUoR

2 SURFHVVDGRU p DORMDGR HP XPD FDL[D GH SURWHomR H FRQHFWDGR DR FKLFRWH HOpWULFR SRU FRQHFWRUHV PXOWLSLQRV 2
SURFHVVDGRU QmR FRQWpP SHoDV TXH SRVVDP VHU UHSDUDGDV H UHTXHU VXEVWLWXLomR GLUHWD HP FDVR GH GHIHLWR

%2 
2 SURFHVVDGRU  ORFDOL]DVH DWUiV GR SDLQHO QD WUDVHLUD GR DVVHQWR GR RSHUDGRU

2 SURFHVVDGRU FRQYHUWH VLQDLV HOHWU{QLFRV SURYHQLHQWHV GRV FRQWUROHV GR RSHUDGRU GR SRWHQFL{PHWUR GH GHWHFomR
GD SRVLomR GR EUDoR GH HOHYDomR H GRV SLQRV GH GHWHFomR GH FDUJD GD DUWLFXODomR LQIHULRU SDUD RSHUDU D YiOYXOD GH
PRGXODomR SRU ODUJXUD GH SXOVR H HOHYDUDEDL[DU D HOHYDomR KLGUiXOLFD

2 SURFHVVDGRU WDPEpP WHP XP UHFXUVR GH DXWRGLDJQyVWLFR TXH GHWHFWD TXDQGR R VLVWHPD QmR IXQFLRQD FRUUHWD
PHQWH 4XDQGR LVVR RFRUUH XP FyGLJR GH HUUR p JHUDGR H PDQWLGR QD PHPyULD GR SURFHVVDGRU SDUD TXH HOH SRVVD
VHU UHFXSHUDGR DR VHUHP GLDJQRVWLFDGDV IDOKDV QR WUDWRU

%6($B 

3LQRV GH GHWHFomR GH FDUJD

$ 
 >@  
6LVWHPDV HOpWULFRV  6LVWHPD GH FRQWUROH HOHWU{QLFR GR HQJDWH WUDVHLUR GH WUrV SRQWRV

2V SLQRV GH GHWHFomR GH FDUJD  GHWHFWDP YDULDo}HV GH HVIRUoR DSOLFDGDV SRU XP LPSOHPHQWR jV DUWLFXODo}HV
LQIHULRUHV

2V SLQRV UHDJHP jV IRUoDV GH FRUWH GR HVIRUoR QR SODQR KRUL]RQWDO PDV QmR D IRUoDV GHULYDGDV GR SHVR GR LPSOH
PHQWR

%6($ 
&DGD SLQR GH GHWHFomR GH FDUJD FRQVLVWH HP XP WXER GH PHWDO RFR  FRQWHQGR XPD SODFD GH FLUFXLWR  H XP
Q~FOHR GH GHWHFomR GH FDUJD   'HQWUR GR PDWHULDO GR Q~FOHR YmR WUrV ERELQDV GH ¿R  DSRLDGDV SRU KDVWHV GH
PHWDO $V ERELQDV VmR HQHUJL]DGDV SHOR IRUQHFLPHQWR  YROW H FULDP XP SDGUmR HVWiYHO GHQWUR GR ÀX[R PDJQpWLFR
QR Q~FOHR

$ FDL[D H[WHUQD GR SLQR p FRQIHFFLRQDGD FRP XP PHWDO GH SURSULHGDGHV HOHWURPDJQpWLFDV VLQJXODUHV 4XDQGR R
PHWDO p VXEPHWLGR D XPD IRUoD GH FRUWH TXH p FHQWUDOL]DGD QD VHomR GH GHVFDUWH  GR SLQR R PDJQHWLVPR QDWXUDO
GD FDL[D GR SLQR PXGD R TXH GLVWRUFH R SDGUmR GR ÀX[R PDJQpWLFR GR Q~FOHR H VH WUDQVIRUPD HP XP VLQDO GH VDtGD
HOpWULFD (VWH VLQDO TXH p SURSRUFLRQDO j FDUJD GH HVIRUoR TXH DWXD VREUH R LPSOHPHQWR p UHFHELGR SHOR SURFHVVDGRU

7,$ 

$ 
 >@  
6LVWHPDV HOpWULFRV  6LVWHPD GH FRQWUROH HOHWU{QLFR GR HQJDWH WUDVHLUR GH WUrV SRQWRV

6LVWHPD GH FRQWUROH HOHWU{QLFR GR HQJDWH WUDVHLUR GH WUrV SRQWRV 


&DOLEUDU
127$ 2 SURFHGLPHQWR GH FDOLEUDomR p FRQWURODGR SHOR VLVWHPD GH JHVWmR HOHWU{QLFR 3DUD HYLWDU PRYLPHQWRV LQDG
YHUWLGRV GR WUDWRU HVWDFLRQH R WUDWRU ORQJH GH TXDOTXHU REVWiFXOR DFLRQH R IUHLR GH HVWDFLRQDPHQWR FRP ¿UPH]D H
EORTXHLH DV URGDV GLDQWHLUDV H WUDVHLUDV 9HUL¿TXH VH R PRQLWRU GH YHORFLGDGH HIHWLYD HVWi ]HUDGR DQWHV GH FRPHoDU

5% SDUD WUDQVPLVVmR VHPL SRZHUVKLIW

 'HVFRQHFWH WRGRV RV LPSOHPHQWRV GD 7'3 WUDVHLUD


 $EDL[H D DUWLFXODomR XVDQGR D DODYDQFD GH FRQWUROH GH
SRVLomR H LQVWDOH RV GRLV SHVRV GH WHVWH
127$ 2V SHVRV GH WHVWH GHYHP VHU VX¿FLHQWHV SDUD VX
SHUDU TXDOTXHU IULFomR QR FRQMXQWR KLGUiXOLFR GH HOHYDomR
H SHUPLWLU TXH RV EUDoRV GH HOHYDomR DEDL[HP VHP HQJUL
SDU
2V SHVRV GR WHVWH SDGUmR GH  ±  NJ  ±
 OEV VmR UHFRPHQGDGRV
 &KDYH '(6/,*$'$
 $MXVWH WRGRV RV SRWHQFL{PHWURV GR SDLQHO GD ('& WR
WDOPHQWH QR VHQWLGR KRUiULR

%6($ 

 +i GRLV PpWRGRV GH DFHVVDU R PRGR GH FDOLEUDomR


 (QWUDGD UiSLGD  0DQWHQKD SUHVVLRQDGR R LQWHUUXS
WRU GH DEDL[DPHQWR UiSLGR GD ('& GXUDQWH D SDU
WLGD GR PRWRU
 (QWUDGD GR PHQX ++  8VDQGR R FRQHFWRU GH GLDJ
QyVWLFR  H DV FDOLEUDo}HV + QR PHQX
++

(QWUDGD UiSLGD
 0DQWHQKD SUHVVLRQDGR R LQWHUUXSWRU GH DEDL[DPHQWR
UiSLGR GD ('& GXUDQWH D SDUWLGD GR PRWRU

%$,/&&0$9$ 

$ 
 >@  
6LVWHPDV HOpWULFRV  6LVWHPD GH FRQWUROH HOHWU{QLFR GR HQJDWH WUDVHLUR GH WUrV SRQWRV

 2 VLVWHPD TXH HVWi VHQGR FDOLEUDGR VHUi PRVWUDGR QR


FRQMXQWR H &$/ VHUi PRVWUDGR QR PRQLWRU FHQWUDO LQ
IHULRU

%$,/&&0$9$ 

 &RQWLQXH D SDUWLU GD HWDSD 

(QWUDGD GR PHQX ++
 ,QVWDOH R FRQHFWRU GH GLDJQyVWLFR  QR VR
TXHWH GH GLDJQyVWLFR  

%$,/&&0$9$ 

 8VH DV WHFODV K P H GH GLPLQXLomR GH EULOKR QR


SDLQHO GH LQVWUXPHQWRV SDUD QDYHJDU DWp + GRV PH
QXV ++ H R VtPEROR GD ('& QR FRQWURODGRU 5% 7UDQV
PLVVmR 636 
2 PRQLWRU FHQWUDO LQIHULRU H[LELUi &$/

$ 
 >@  
6LVWHPDV HOpWULFRV  6LVWHPD GH FRQWUROH HOHWU{QLFR GR HQJDWH WUDVHLUR GH WUrV SRQWRV

%$,/&&0)9% 

 $MXVWH D YHORFLGDGH GR PRWRU DWp TXH VHMD HVWiYHO VHP


VLQDLV GH RVFLODo}HV RX SLFRV
 /HYDQWH D DODYDQFD GH FRQWUROH DWp HQWUH  H 
SDUD LQLFLDU D VHTXrQFLD GH FDOLEUDomR
127$ 2 PRQLWRU FHQWUDO LQIHULRU LUi PXGDU GH &$/ SDUD
 LQGLFDQGR R LQtFLR GD FDOLEUDomR 'XUDQWH D FDOLEUDomR
D DUWLFXODomR DXWRPDWLFDPHQWH p OHYDQWDGD H DEDL[DGD SRU
 YH]HV R TXH OHYD GH  D  PLQXWRV
&DGD OHYDQWDPHQWR H DEDL[DPHQWR p DFRPSDQKDGR SRU
XPD FRQWDJHP GH  D  QR PRQLWRU

%$,/&&0$9% 

 4XDQGR R PRQLWRU FHQWUDO LQIHULRU PRVWUD (QG &RQ


FOXtGR  D FDOLEUDomR WHUPLQRX

%$,/&&0$9$ 

$ 
 >@  
6LVWHPDV HOpWULFRV  6LVWHPD GH FRQWUROH HOHWU{QLFR GR HQJDWH WUDVHLUR GH WUrV SRQWRV

 $EDL[H D DUWLFXODomR XVDQGR D DODYDQFD GH FRQWUROH


GH SRVLomR
 'HVOLJXH D FKDYH SDUD DUPD]HQDU RV YDORUHV GH FDOL
EUDomR
127$ &DVR RFRUUD XP HUUR GXUDQWH D FDOLEUDomR XP Fy
GLJR 8 VHUi H[LELGR H VHUi QHFHVViULR UHSHWLU R SURFHGL
PHQWR &RQVXOWH D OLVWD GR FyGLJR 8 QD VHomR 6LVWHPDV
HOpWULFRV  &Ï',*26 '( )$/+$

$ 
 >@  
ËQGLFH

6LVWHPDV HOpWULFRV  

6LVWHPD GH FRQWUROH HOHWU{QLFR GR HQJDWH WUDVHLUR GH WUrV SRQWRV  


6LVWHPD GH FRQWUROH HOHWU{QLFR GR HQJDWH WUDVHLUR GH WUrV SRQWRV  &DOLEUDU                     
6LVWHPD GH FRQWUROH HOHWU{QLFR GR HQJDWH WUDVHLUR GH WUrV SRQWRV  'HVFULomR HVWiWLFD            

$ 
 >@  
6LVWHPDV HOpWULFRV  

&Ï',*26 '( )$/+$  '7&

7 &RP FDELQH [ 7,(5  >+&&=&(&:  @


7 &RP FDELQH [ 7,(5  >+&&=&(&:  @
7 &RP FDELQH [ 7,(5  >+&&=&(&:  @
7 &RP FDELQH [ 7,(5  >+&&=&(&:  @

$ 
 >'7&@  
&RQWH~GR

6LVWHPDV HOpWULFRV  

&Ï',*26 '( )$/+$  '7&

'$'26 )81&,21$,6

ËQGLFH GH FyGLJRV GH IDOKD                                                                    

$ 
 >'7&@  
6LVWHPDV HOpWULFRV  &Ï',*26 '( )$/+$

ËQGLFH GH FyGLJRV GH IDOKD


0HQVDJHP 'HVFULomR &RQWURODGRU
 5DGDU GHVFRQHFWDGR
 (UUR GR VHQVRU GH YHORFLGDGH
 6HQVRU GH URWDomR GD URGD FRP VLQDO
DOWR GHPDLV
 7(16­2 %$,;$ 12 &21752/(
'( '(6/,=$0(172 &8572
&,5&8,72 28 &,5&8,72 $%(572
 $/7$ 7(16­2 12 &21752/( '(
'(6/,=$0(172 327(1&,Ð0(
752 '$1,),&$'2 28 (0 &8572
&20 7(16­2 9(
 )$/+$ '2 ,17(5583725 '(
75$%$/+2(/(9$d­2
 $PERV RV LQWHUUXSWRUHV H[WHUQRV
RSHUDGRV DR PHVPR WHPSR
 7(16­2 %$,;$ 12 &21752/(
'( /,0,7( '( $/785$
&8572&,5&8,72 28 &,5&8,72
$%(572
 $/7$ 7(16­2 12 &21752/(
'( /,0,7( '( $/785$
327(1&,Ð0(752 '$1,),&$'2
28 (0 &8572 &20 7(16­2 9(
 7(16­2 %$,;$ 12 &21752/(
'( 7$;$ '( 5('8d­2
&8572&,5&8,72 28 &,5&8,72
$%(572
 7(16­2 $/7$ 12 &21752/(
'( 7$;$ '( 5('8d­2
327(1&,Ð0(752 '$1,),&$'2
28 (0 &8572 &20 7(16­2 9(
 6,1$/ 08,72 %$,;2 '2 3,12 '(
'(7(&d­2 '( &$5*$ '2 /$'2
',5(,72
 6,1$/ 08,72 $/72 '2 3,12 '(
'(7(&d­2 '( &$5*$ '2 /$'2
',5(,72
 6,1$/ 08,72 %$,;2 '2 3,12 '(
'(7(&d­2 '( &$5*$ '2 /$'2
(648(5'2
 6,1$/ 08,72 $/72 '2 3,12 '(
'(7(&d­2 '( &$5*$ '2 /$'2
(648(5'2
 $0%26 26 3,126 '(
'(7(&d­2 '( &$5*$ (67­2
'(6&21(&7$'26
 7HQVmR FRP UHIHUrQFLD GH 9 GR SLQR
GH GHWHFomR GH FDUJD PXLWR EDL[D
 7HQVmR PXLWR DOWD GH UHIHUrQFLD GH 
9 GR SLQR GH GHWHFomR GH FDUJD
 7(16­2 %$,;$ 12 &21752/(
'( 6(16,%,/,'$'( '( (6)25d2
&8572&,5&8,72 28 &,5&8,72
$%(572

$ 
 >'7&@  
6LVWHPDV HOpWULFRV  &Ï',*26 '( )$/+$

0HQVDJHP 'HVFULomR &RQWURODGRU


 7(16­2 $/7$ 12 &21752/( '(
6(16,%,/,'$'( '( (6)25d2
327(1&,Ð0(752 '$1,),&$'2
28 (0 &8572 &20 7(16­2 9(
 %UDoR GH FRPDQGRSDLQHO GH FRQWUROH
GHVFRQHFWDGRV
 ([HFXWH D FDOLEUDomR GH HOHYDomR
KLGUiXOLFD
 7(16­2 %$,;$ 12 &21752/( '2
327(1&,Ð0(752 '2 &21752/(
'( 326,d­2 &8572&,5&8,72
28 &,5&8,72 $%(572
 7(16­2 $/7$ 12 &21752/( '2
327(1&,Ð0(752 '2 &21752/(
'( 326,d­2 327(1&,Ð0(752
'$1,),&$'2 28 (0 &8572 &20
7(16­2 9(
 7HQVmR PXLWR EDL[D QR FRQWUROH
GR VHQVRU GH SRVLomR GR EUDoR GH
HOHYDomR
 7HQVmR PXLWR DOWD QR FRQWUROH GR
VHQVRU GH SRVLomR GR EUDoR GH
HOHYDomR
 9È/98/$ '( &21752/(
+,'5È8/,&2 '(6&21(&7$'$
 7(55$ '2 6,1$/ &20 &,5&8,72
$%(572
 &+,&27( '2 &+$66,
'(6&21(&7$'2
 7(16­2 $/7$ 12 327(1&,Ð0(
752 '( &21752/( '( (6)25d2
327(1&,Ð0(752 '$1,),&$'2
28 (0 &8572 &20 7(16­2 9(
 7(16­2 %$,;$ 12 327(1&,Ð0(
752 '( &21752/( '( (6)25d2
&8572&,5&8,72 28 &,5&8,72
$%(572
 &LUFXLWR DEHUWR QR VHQVRU GH
YHORFLGDGH GD URGD
 5HIHUrQFLD GH  YROWV HP FXUWR D 
9
 5HIHUrQFLD GH  YROWV HP FXUWR FRP
WHUUD
 (1*$7( '2 %5$d2 '(
75$%$/+2 &RQWUROH HOHWU{QLFR
GH HVIRUoR &RQWUROH HOHWU{QLFR
(552 '( ',$*1Ï67,&2 &LUFXLWR
DEHUWR HOpWULFRGD FRQH[mR (UUR GH
UHIHUrQFLD GH  9 SLQRV GH FDUJD GH
HVIRUoR
 &,5&8,72 $%(572 '2
62/(12,'( '( $%$,;$0(172 '$
9È/98/$ +,'5È8/,&$ ('&
 &,5&8,72 $%(572 '2
62/(12,'( '( (/(9$d­2
'$ 9È/98/$ +,'5È8/,&$ ('&

$ 
 >'7&@  
6LVWHPDV HOpWULFRV  &Ï',*26 '( )$/+$

0HQVDJHP 'HVFULomR &RQWURODGRU


 &8572&,5&8,72 '2 62/(12,'(
'( $%$,;$0(172 '$ 9È/98/$
+,'5È8/,&$ ('&
 &8572&,5&8,72 '2 62/(12,'(
'( (/(9$d­2 '$ 9È/98/$
+,'5È8/,&$ ('&
 7(16­2 08,72 %$,;$ '2
)251(&,0(172 '$ 9È/98/$
+,'5È8/,&$
 2 FRQWUROH GH OLPLWH GH DOWXUD QmR
HVWi DMXVWDGR QR Pi[LPR GXUDQWH
FDOLEUDomR
 (1*$7( &RQWUROH HOHWU{QLFR GH
HVIRUoR )XQFLRQDPHQWR GHIHLWXRVR
)DOKD GR LQWHUUXSWRU GH HOHYDomR 
WUDEDOKR HVWUXWXUD GH WUDQVPLVVmR
 &RQ¿JXUDomR GH SLVWmR KLGUiXOLFR
QmR DMXVWDGD
 5HIHUrQFLD GH 9 SDUD EDL[D SRWrQFLD
 WHQVmR PXLWR EDL[D
 5HIHUrQFLD GH 9 SDUD EDL[D SRWrQFLD
 WHQVmR PXLWR DOWD
 (QWUDGD GH LQWHUUXSWRU GR DVVHQWR 
WHQVmR PXLWR EDL[D
 (QWUDGD GH LQWHUUXSWRU GR DVVHQWR 
WHQVmR PXLWR DOWD
 3RWHQFL{PHWUR GR SHGDO GD
HPEUHDJHP  WHQVmR PXLWR EDL[D
 3RWHQFL{PHWUR GR SHGDO GD
HPEUHDJHP  WHQVmR PXLWR DOWD
 &KLFRWH GD WUDQVPLVVmR
GHVFRQHFWDGR
 7RGDV DV HPEUHDJHQV H
VLQFURQL]DGRUHV H[LJHP FDOLEUDomR
 5RWDomR GR PRWRU PXLWR DOWD
 5RWDomR GR PRWRU  VHP VLQDO
 ,17(5583725 '( '(6&21(;­2
'2 3('$/ '$ (0%5($*(0 &20
&,5&8,72 $%(572
 )86Ë9(/ &20 &,5&8,72 $%(572
 $MXVWH GR LQWHUUXSWRU GHVFRQHFWDGR
GR SHGDO GD HPEUHDJHP PXLWR DOWR
 $MXVWH GR LQWHUUXSWRU GHVFRQHFWDGR
GR SHGDO GD HPEUHDJHP PXLWR EDL[R
 6(1625 '( 9(/2&,'$'( '$
52'$ &20 &,5&8,72 $%(572
(0 &8572 &20 2 7(55$ 28
$/7$ 7(16­2
 6HQVRU GH URWDomR GD URGD 
FXUWRFLUFXLWR
 6(1625 '( 7(03(5$785$ '2
Ï/(2 &20 &,5&8,72 $%(572
 6HQVRU GH WHPSHUDWXUD GH yOHR 
FXUWRFLUFXLWR
 7(16­2 '( 5()(5Ç1&,$ '(  9
08,72 $/7$
 7(16­2 '( 5()(5Ç1&,$ '(  9
08,72 %$,;$

$ 
 >'7&@  
6LVWHPDV HOpWULFRV  &Ï',*26 '( )$/+$

0HQVDJHP 'HVFULomR &RQWURODGRU


 6HQVRU GH YHORFLGDGH GD URGD
9HORFLGDGH GH VDtGD GD WUDQVPLVVmR
 VHP VLQDO
 ,QWHUUXSWRU GR DVVHQWR IHFKDGR SRU
 KRUDV
 ,17(5583725 '( $/$9$1&$
9$,9e0 (0 ',6&25'Æ1&,$
 $/7$ 7(16­2 '2 ,17(5583725
'( $9$1d2 '$ $/$9$1&$
6(/(725$ '( $9$1d2 ( 5e
 %$,;$ 7(16­2 '2 ,17(5583725
'( $9$1d2 '$ $/$9$1&$
6(/(725$ '( $9$1d2 ( 5e
 $/7$ 7(16­2 '2 ,17(5583725
'( 5e '$ $/$9$1&$ 6(/(725$
'( $9$1d2 ( 5e
 %$,;$ 7(16­2 '2 ,17(5583725
'( 5e '$ $/$9$1&$ 6(/(725$
'( $9$1d2 ( 5e
 6HP VLQDO RX VLQDO FRP IDOKD GR
VHQVRU GH WRUTXH GR YRODQWH
 &,5&8,72 $%(572 12 6(1625
'( 9(/2&,'$'( '2 92/$17(
 6HQVRU GH YHORFLGDGH GR YRODQWH 
FXUWRFLUFXLWR
 6HQVRU GH YHORFLGDGH GR YRODQWH 
6HP VLQDO
 ,QWHUUXSWRU GH DYDQoRPDUFKD j Up GR
$58  )RUD GD IDL[D DOWD
 ,QWHUUXSWRU GH DYDQoRPDUFKD j Up GR
$58  )RUD GD IDL[D EDL[D
 ,QWHUUXSWRU GD WUDQVPLVVmR DXWRPiWLFD
GR $58  )RUD GD IDL[D EDL[D
 ,QWHUUXSWRU GD WUDQVPLVVmR DXWRPiWLFD
GR $58  )RUD GD IDL[D DOWD
 ,QWHUUXSWRU GH DXPHQWR GH PDUFKD GH
WUDQVPLVVmR GR $58  )RUD GD IDL[D
EDL[D
 ,QWHUUXSWRU GH DXPHQWR GH PDUFKD GH
WUDQVPLVVmR GR $58  )RUD GD IDL[D
DOWD
 1HXWUR GD DODYDQFD GR LQYHUVRU
WHPSRUiULR  0XLWR EDL[R
 1HXWUR GD DODYDQFD GR LQYHUVRU
WHPSRUiULR  0XLWR DOWR
 6HQVRU GH YHORFLGDGH GR YRODQWH QmR
FDOLEUDGR
 6ROHQRLGH GH  HQJUHQDJHP FRP
FLUFXLWR DEHUWR RX FXUWR FRP R WHUUD
 6ROHQRLGH GH GHVFDUJD GD
HPEUHDJHP GH  HQJUHQDJHP 
FLUFXLWR DEHUWR RX FXUWR FRP R WHUUD
 &DOLEUDomR GH DPRUWHFHGRU  HUUR
VHFXQGiULR
 75$160,66­2 3RZHUVKLIW 9DORU
DFLPD GR OLPLWH &DOLEUDomR GH
DPRUWHFHGRU

$ 
 >'7&@  
6LVWHPDV HOpWULFRV  &Ï',*26 '( )$/+$

0HQVDJHP 'HVFULomR &RQWURODGRU


 6ROHQRLGH GD HPEUHDJHP GH 
HQJUHQDJHP FRP VREUHWHQVmR
 6ROHQRLGH GH GHVFDUJD GD
HPEUHDJHP GH  HQJUHQDJHP FRP
VREUHWHQVmR
 0DUFKD j Up QmR SHUPLWLGD
 &RPDQGR GD 75$160,66­2
3RZHUVKLIW VXEWHQVmR LQWHUUXSWRU GH
DXPHQWR GH PDUFKD
 &RPDQGR GD 75$160,66­2
3RZHUVKLIW VREUHWHQVmR LQWHUUXSWRU
GH DXPHQWR GH PDUFKD
 ,QWHUUXSWRU GH UHGXomR GH PDUFKD
FRP WHQVmR PXLWR EDL[D
 ,QWHUUXSWRU GH UHGXomR GH PDUFKD
FRP WHQVmR PXLWR DOWD
 ,QWHUUXSWRU GH SUHVVmR GH DYDQoR 
FLUFXLWR DEHUWR RX FXUWR FRP R WHUUD
 ,QWHUUXSWRU GH SUHVVmR GH PDUFKD j Up
 FLUFXLWR DEHUWR RX FXUWR FRP R WHUUD
 6HQVRU GD SUHVVmR GR yOHR GH
WUDQVPLVVmR  1mR FRQ¿JXUDGR
 6HQVRU GD SUHVVmR GR yOHR GH
WUDQVPLVVmR  (UUR GH FRQ¿JXUDomR
 6HQVRU GH YHORFLGDGH &'( GD
WUDQVPLVVmR  &LUFXLWR DEHUWR
 6HQVRU GH YHORFLGDGH &'( GD
WUDQVPLVVmR  &XUWR FRP R WHUUD
 6HQVRU GH YHORFLGDGH PpGLD H
VHQVRUHV GD YHORFLGDGH GH VDtGD GD
URGD WURFDGRV
 6HQVRU GH YHORFLGDGH GR YRODQWH
GR PRWRU WURFDGR SRU VHQVRUHV GH
YHORFLGDGH PpGLD RX GH VDtGD GD
URGD
 6HQVRU GH YHORFLGDGH &'( GD
WUDQVPLVVmR  6HP VLQDO
 9HORFLGDGH GD VDtGD GH WUDQVPLVVmR
PXLWR DOWD SDUD D HQJUHQDJHP
VHOHFLRQDGD
 9HORFLGDGH GD VDtGD GH WUDQVPLVVmR
PXLWR DOWD SDUD D HQJUHQDJHP
VHOHFLRQDGD
 )DOKD QD SDWLQDomR GD HPEUHDJHP
 )DOKD QD SDWLQDomR GD HPEUHDJHP
 3UHVVmR LQGLFDGD QR LQWHUUXSWRU GH
SUHVVmR GD HPEUHDJHP GH DYDQoR
TXDQGR RV VROHQRLGHV GH HPEUHDJHP
HVWmR GHVOLJDGRV
 3UHVVmR LQGLFDGD QR LQWHUUXSWRU GH
SUHVVmR GD HPEUHDJHP GH PDUFKD
j Up TXDQGR RV VROHQRLGHV GH
HPEUHDJHP HVWmR GHVOLJDGRV
 5('8725(6 $',&,21$,6
6XSHUUHGXWRU QmR HQJDWDQGR
 3RWHQFL{PHWUR GH VXSHUUHGXWRU 
FLUFXLWR DEHUWR HP 9 RX 9

$ 
 >'7&@  
6LVWHPDV HOpWULFRV  &Ï',*26 '( )$/+$

0HQVDJHP 'HVFULomR &RQWURODGRU


 3RWHQFL{PHWUR GH VXSHUUHGXWRU 
FLUFXLWR DEHUWR RX FXUWRFLUFXLWR FRP
R WHUUD
 6ROHQRLGH GD HPEUHDJHP $  FLUFXLWR
DEHUWR RX FXUWRFLUFXLWR FRP R WHUUD
 6ROHQRLGH GD HPEUHDJHP %  FLUFXLWR
DEHUWR RX FXUWRFLUFXLWR FRP R WHUUD
 6ROHQRLGH GD HPEUHDJHP &  FLUFXLWR
DEHUWR RX FXUWRFLUFXLWR FRP R WHUUD
 6ROHQRLGH GD HPEUHDJHP '  FLUFXLWR
DEHUWR RX FXUWRFLUFXLWR FRP R WHUUD
 6ROHQRLGH GD HPEUHDJHP (  FLUFXLWR
DEHUWR RX FXUWRFLUFXLWR FRP R WHUUD
 6ROHQRLGH GD HPEUHDJHP GH IDL[D
EDL[D  VREUHWHQVmR
 6ROHQRLGH GD HPEUHDJHP GH IDL[D
PpGLD  VREUHWHQVmR
 6ROHQRLGH GD HPEUHDJHP GH IDL[D
DOWD  VREUHWHQVmR
 6ROHQRLGH GD HPEUHDJHP GH PDUFKD
j Up  FLUFXLWR DEHUWR RX FXUWRFLUFXLWR
FRP R WHUUD
 6ROHQRLGH GR VXSHUUHGXWRU  &LUFXLWR
DEHUWR RX HP FXUWR FRP R WHUUD
 6ROHQRLGH $ GD HPEUHDJHP  WHQVmR
PXLWR DOWD
 6ROHQRLGH % GD HPEUHDJHP  WHQVmR
PXLWR DOWD
 6ROHQRLGH & GD HPEUHDJHP  WHQVmR
PXLWR DOWD
 6ROHQRLGH ' GD HPEUHDJHP  WHQVmR
PXLWR DOWD
 6ROHQRLGH ( GD HPEUHDJHP  WHQVmR
PXLWR DOWD
 3RVLomR GH VXSHUUHGXWRU IRUD GD
IDL[D
 6XSHUUHGXWRU QmR FDOLEUDGR
 (PEUHDJHP  QmR FDOLEUDGD
 (UUR GH FDOLEUDomR GR VXSHUUHGXWRU
 6XSHUUHGXWRU  yOHR IULR
 5HODomR LQFRQVLVWHQWH GH YHORFLGDGH 8&0
GH VDtGD GD WUDQVPLVVmR H YHORFLGDGH
GR PRWRU
 6LQFURQL]DGRU GH LQWHUYDOR EDL[RDOWR
QmR FDOLEUDGR RX FDOLEUDomR GH¿FLHQWH
 6LQFURQL]DGRU GH LQWHUYDOR
PpGLRUHYHUVR QmR FDOLEUDGR RX
FDOLEUDomR GH¿FLHQWH
 2 VLQFURQL]DGRU GH PXGDQoD GH IDL[D
QmR HQJDWRX
 2 VLQFURQL]DGRU GH PXGDQoD GH IDL[D
QmR GHVHQJDWRX
 2 VLQFURQL]DGRU GH PXGDQoD GH IDL[D
QmR HQJDWRX GXUDQWH D PXGDQoD GR
LQYHUVRU VKXWWOH
 2 VLQFURQL]DGRU QmR GHVHQJDWRX

$ 
 >'7&@  
6LVWHPDV HOpWULFRV  &Ï',*26 '( )$/+$

0HQVDJHP 'HVFULomR &RQWURODGRU


 2 VLQFURQL]DGRU QmR HQJDWRX D IDL[D
DQWHULRU GHSRLV GR FyGLJR GH HUUR
 RX 
 2 VLQFURQL]DGRU GHVHQJDWRX VHP
LQLFLDomR GR DFLRQDGRU
 3RWHQFL{PHWUR GR VLQFURQL]DGRU GD
IDL[D PpGLDUHYHUVD  WHQVmR PXLWR
DOWD
 3RWHQFL{PHWUR GR VLQFURQL]DGRU GD
IDL[D PpGLDUHYHUVD  WHQVmR PXLWR
EDL[D
 6LQFURQL]DGRU GD IDL[D EDL[DDOWD 
WHQVmR PXLWR DOWD
 3RWHQFL{PHWUR GR VLQFURQL]DGRU GD
IDL[D EDL[DDOWD  WHQVmR PXLWR EDL[D
 $ WHQVmR GR SRWHQFL{PHWUR GR
VLQFURQL]DGRU GD IDL[D PpGLDUHYHUVD
HVWi IRUD GD IDL[D FDOLEUDGD
 3RWHQFL{PHWUR GR VLQFURQL]DGRU GD
IDL[D EDL[DDOWD  WHQVmR IRUD GD IDL[D
FDOLEUDGD
 (QWUDGD GH LQWHUUXSWRU GH IDL[D 
WHQVmR PXLWR EDL[D
 (QWUDGD GH LQWHUUXSWRU GH IDL[D 
WHQVmR PXLWR DOWD
 'HVDWLYDomR GD IDL[D VHOHFLRQDGD
 6HQVRU GD SUHVVmR GR yOHR GH
WUDQVPLVVmR FRP FLUFXLWR DEHUWR RX
HP FXUWR FRP R WHUUD
 6HQVRU GD SUHVVmR GR yOHR GH
WUDQVPLVVmR HP FXUWRFLUFXLWR FRP 
9
 9HUL¿FDomR GD IDL[D GR VHQVRU (&8
GH WHPSHUDWXUD GR OtTXLGR GH
DUUHIHFLPHQWR H YHUL¿FDomR FUX]DGD
FRP D WHPSHUDWXUD GR yOHR FRP D
FKDYH OLJDGD
 9HUL¿FDomR GD IDL[D GR VHQVRU (&8
GH WHPSHUDWXUD GR OtTXLGR GH
DUUHIHFLPHQWR H YHUL¿FDomR FUX]DGD
FRP D WHPSHUDWXUD GR yOHR FRP D
FKDYH OLJDGD
 9HUL¿FDomR GD IDL[D GR VHQVRU (&8
GH WHPSHUDWXUD GR OtTXLGR GH
DUUHIHFLPHQWR H YHUL¿FDomR FUX]DGD
FRP D WHPSHUDWXUD GR yOHR FRP D
FKDYH OLJDGD
 6HQVRU GH WHPSHUDWXUD GH DGPLVVmR (&8
GH DU  6LQDO DFLPD GD IDL[D Pi[LPD
 6HQVRU GH WHPSHUDWXUD GH DGPLVVmR (&8
GH DU  6LQDO DEDL[R GD IDL[D PtQLPD
 6HQVRU GH WHPSHUDWXUD GR (&8
FRPEXVWtYHO  VLQDO DFLPD GD
IDL[D Pi[LPD
 6HQVRU GH WHPSHUDWXUD GR (&8
FRPEXVWtYHO  6LQDO DEDL[R GD
IDL[D PtQLPD
 6HQVRU GH SUHVVmR GR WXUER  R VLQDO (&8
HVWi DFLPD GD IDL[D Pi[LPD

$ 
 >'7&@  
6LVWHPDV HOpWULFRV  &Ï',*26 '( )$/+$

0HQVDJHP 'HVFULomR &RQWURODGRU


 6HQVRU GH SUHVVmR GR WXUER  VLQDO (&8
QmR SODXVtYHO
 6HQVRU GH SUHVVmR DWPRVIpULFD (&8
 6HQVRU GH SUHVVmR DWPRVIpULFD (&8
 35HVVmR GR yOHR FRPSDUDGD D XP (&8
PRGHOR FRP EDVH QD YHORFLGDGH GR
PRWRU
 6HQVRU GH SUHVVmR GR yOHR  (&8
FXUWRFLUFXLWR FRP D EDWHULD
 6HQVRU GH SUHVVmR GR yOHR  (&8
FXUWRFLUFXLWR FRP R WHUUD
 6HQVRU GH SUHVVmR GR yOHR  HUUR GH (&8
KDUGZDUH
 6HQVRU GH SUHVVmR GR yOHR  9DORU (&8
DOWR GHPDLV
 6HQVRU GH WHPSHUDWXUD GR yOHR (&8
 VLQDO QmR SODXVtYHO FRPSDUDGR
FRP D WHPSHUDWXUD GR OtTXLGR GH
DUUHIHFLPHQWR
 6HQVRU GH WHPSHUDWXUD GR yOHR  VLQDO (&8
DFLPD GD IDL[D Pi[LPD
 6HQVRU GH WHPSHUDWXUD GR yOHR  VLQDO (&8
DEDL[R GD IDL[D PtQLPD
 6HQVRU GH SUHVVmR GR WXUER  VLQDO (&8
EDL[R
 5HOp GD ERPED GH DOWD SUHVVmR  (&8
&XUWRFLUFXLWR FRP D EDWHULD
 5HOp GD ERPED GH DOWD SUHVVmR  (&8
&XUWRFLUFXLWR FRP R WHUUD
 )DOKD GH WHQVmR GD EDWHULD PXLWR DOWD (&8
RX PXLWR EDL[D
 )DOKD GH WHQVmR GD EDWHULD PXLWR DOWD (&8
RX PXLWR EDL[D
 &LOLQGUR   HUUR LQFODVVL¿FiYHO HP (&8
LQMHWRU
 &LOLQGUR   FXUWRFLUFXLWR GR FDER GR (&8
LQMHWRU ODGR EDL[R FRP EDWHULD
 &LOLQGUR  FXUWRFLUFXLWR GR FDER GR (&8
LQMHWRU ODGR DOWR FRP R WHUUD
 &LOLQGUR   HUUR LQFODVVL¿FiYHO QR (&8
LQMHWRU
 &LOLQGUR   FXUWRFLUFXLWR GR FDER GR (&8
LQMHWRU ODGR EDL[R FRP EDWHULD
 &LOLQGUR   FXUWRFLUFXLWR GR FDER GR (&8
LQMHWRU ODGR DOWR FRP R WHUUD
 &LOLQGUR   HUUR LQFODVVL¿FiYHO QR (&8
LQMHWRU
 &LOLQGUR   FXUWRFLUFXLWR GR FDER GR (&8
LQMHWRU ODGR EDL[R FRP EDWHULD
 &LOLQGUR   FXUWRFLUFXLWR GR FDER GR (&8
LQMHWRU ODGR DOWR FRP R WHUUD
 &LOLQGUR   HUUR LQFODVVL¿FiYHO QR (&8
LQMHWRU
 &LOLQGUR   FXUWRFLUFXLWR GR FDER GR (&8
LQMHWRU ODGR EDL[R FRP EDWHULD
 &LOLQGUR   FXUWRFLUFXLWR GR FDER GR (&8
LQMHWRU ODGR DOWR FRP R WHUUD

$ 
 >'7&@  
6LVWHPDV HOpWULFRV  &Ï',*26 '( )$/+$

0HQVDJHP 'HVFULomR &RQWURODGRU


 &LOLQGUR   HUUR LQFODVVL¿FiYHO QR (&8
LQMHWRU
 &LOLQGUR   FXUWRFLUFXLWR GR FDER GR (&8
LQMHWRU ODGR EDL[R FRP EDWHULD
 &LOLQGUR   FXUWRFLUFXLWR GR FDER GR (&8
LQMHWRU ODGR DOWR FRP R WHUUD
 &LOLQGUR   HUUR LQFODVVL¿FiYHO QR (&8
LQMHWRU
 &LOLQGUR   FXUWRFLUFXLWR GR FDER GR (&8
LQMHWRU ODGR EDL[R FRP EDWHULD
 &LOLQGUR   FXUWRFLUFXLWR GR FDER GR (&8
LQMHWRU ODGR DOWR FRP R WHUUD
 6HQVRU GR YLUDEUHTXLP  VHP VLQDO (&8
 6HQVRU GR YLUDEUHTXLP  VLQDO LQYiOLGR (&8
 6HQVRU GR HL[R GH FRPDQGR  VHP (&8
VLQDO
 6HQVRU GR HL[R GH FRPDQGR  VLQDO (&8
LQYiOLGR
 &RPSHQVDomR HQWUH R HL[R GH (&8
FRPDQGR H R YLUDEUHTXLP  OLPLWHV
H[WHUQRV
 2SHUDomR FRP VHQVRU GH HL[R GH (&8
FRPDQGR GH YiOYXODV VRPHQWH 
PRGR GH VHJXUDQoD
 )DOKD GR &$1 EXV SULQFLSDO GR (&8
YHtFXOR
 6HQVRU GH SUHVVmR GD JDOHULD &3  (&8
VLQDO DEDL[R GD IDL[D PtQLPD
 9iOYXOD GH DOtYLR GH SUHVVmR GR WULOKR (&8
 DEHUWR
 9iOYXOD GH DOtYLR GH SUHVVmR GR WULOKR (&8
 9iOYXOD GH DOtYLR GH SUHVVmR GR WULOKR (&8
 8QLGDGH GH PHGLomR GH FRPEXVWtYHO (&8
 FXUWRFLUFXLWR FRP D EDWHULD
 8QLGDGH GH PHGLomR GH FRPEXVWtYHO (&8
HP FXUWR FRP R WHUUD
 0RQLWRUDomR GH VHQVRU GH SUHVVmR GD (&8
JDOHULD  VLQDO DFLPD GD IDL[D Pi[LPD
 0RQLWRUDomR GH VHQVRU GH SUHVVmR GD (&8
JDOHULD  VLQDO DEDL[R GD IDL[D PtQLPD
 6HQVRU GH SUHVVmR GD JDOHULD &3  (&8
VLQDO DFLPD GD IDL[D Pi[LPD
 6HQVRU GH WRUomR GD 7')  QmR ('&
SODXVtYHO
 6HQVRU GH WRUomR GD 7')  FLUFXLWR ('&
DEHUWR
 6(1625 '( 725d­2 '$ 7'3 (0
&8572 &20 2 7(55$
 6HQVRU GH WRUomR GD 7')  QmR ('&
FDOLEUDGR
 8QLGDGH GH PHGLomR  FDUJD DEHUWD (&8
 8QLGDGH GH PHGLomR  7HPSHUDWXUD (&8
PXLWR DOWD
 2 SRQWR GH DMXVWH GR ÀX[R GH YROXPH (&8
GH FRPEXVWtYHO DWUDYpV GD ERPED
p PHQRU TXH R ÀX[R HVSHUDGR FRP
EDVH HP XP PRGHOR

$ 
 >'7&@  
6LVWHPDV HOpWULFRV  &Ï',*26 '( )$/+$

0HQVDJHP 'HVFULomR &RQWURODGRU


 7HVWH GH DOWD SUHVVmR VRPHQWH (&8
DWLYDGR SHOD IHUUDPHQWD GH VHUYLoR
 1HQKXP GR WHUPLQDO  HQWUDGD (&8
FRPXWDGD SRU FKDYH
 7HPSHUDWXUD GR yOHR DOWD GHPDLV (&8
 7HVWH GLQkPLFR GH VHQVRU GH (&8
WHPSHUDWXUD GR OtTXLGR GH
DUUHIHFLPHQWR  IDOKD
 )DOKD GR FLUFXLWR GR VROHQRLGH GR UHOp (&8
GD JUHOKD DTXHFHGRUD
 )DOKD GR FLUFXLWR GR VROHQRLGH GR UHOp (&8
GD JUHOKD DTXHFHGRUD
 )DOKD GR FLUFXLWR GR VROHQRLGH GR UHOp (&8
GD JUHOKD DTXHFHGRUD
 5HOp GR DTXHFHGRU GH JUDGH  ('&
QHQKXPD FDUJD
 (&0 QmR GHWHFWDGR QR EDUUDPHQWR ('&
&$1
 7RUTXH GH UHIHUrQFLD GR PRWRU
LQYiOLGR
 7HVWH GR FLUFXLWR GH VDtGD GR (&8
DFLRQDGRU GR UHOp GH DTXHFLPHQWR GR
¿OWUR GH FRPEXVWtYHO HOpWULFR
 7HVWH GR FLUFXLWR GH VDtGD GR (&8
DFLRQDGRU GR UHOp GH DTXHFLPHQWR GR
¿OWUR GH FRPEXVWtYHO HOpWULFR
 7HVWH GR FLUFXLWR GH VDtGD GR (&8
DFLRQDGRU GR UHOp GH DTXHFLPHQWR GR
¿OWUR GH FRPEXVWtYHO HOpWULFR
 7HVWH GR FLUFXLWR GH VDtGD GR (&8
DFLRQDGRU GR UHOp GH DTXHFLPHQWR GR
¿OWUR GH FRPEXVWtYHO HOpWULFR
 2 PRWRU HVWi FRP VREUHFDUJD D (&8
TXDQWLGDGH GH LQMHomR p ]HUR H D
ERPED QmR HVWi FRP ÀX[R PtQLPR
SDUD PDQWHU D SUHVVmR GR WULOKR
 3URWHomR FRQWUD H[FHVVR GH (&8
YHORFLGDGH GR PRWRU
 7HPSR OLPLWH SDUD %&('& (&8
 7HPSR OLPLWH SDUD 9&0('& (&8
 $YLVR GR FLOLQGUR   FDUJD DEHUWD (&8
 $YLVR GR FLOLQGUR   FDUJD DEHUWD (&8
 $YLVR GR FLOLQGUR   FDUJD DEHUWD (&8
 $YLVR GR FLOLQGUR   FDUJD DEHUWD (&8
 $YLVR GR FLOLQGUR   FDUJD DEHUWD (&8
 $YLVR GR FLOLQGUR   FDUJD DEHUWD (&8
 $FLRQDPHQWR GR LQMHWRU GR ODGR DOWR (&8
GR EDQFR  IDOKDV FRP FLUFXLWR QmR
FODVVL¿FiYHLVHP FXUWR
 )LOHLUD   FXUWRFLUFXLWR GH FDER GH (&8
LQMHomR ODGR EDL[R FRP R WHUUD
 )LOHLUD   HUUR LQFODVVL¿FiYHO (&8
 )LOHLUD   FXUWRFLUFXLWR JHUDO QR FDER (&8
GH LQMHomR
 )LOHLUD   FXUWRFLUFXLWR GH FDER GH (&8
LQMHomR ODGR EDL[R FRP R WHUUD
 )LOHLUD   HUUR LQFODVVL¿FiYHO (&8

$ 
 >'7&@  
6LVWHPDV HOpWULFRV  &Ï',*26 '( )$/+$

0HQVDJHP 'HVFULomR &RQWURODGRU


 (UURV HVSHFt¿FRV GR FKLS VXEVWLWXD R (&8
FRQWURODGRU GR PRWRU
 (UURV HVSHFt¿FRV GR FKLS VXEVWLWXD R (&8
FRQWURODGRU GR PRWRU
 (UURV HVSHFt¿FRV GR FKLS VXEVWLWXD R (&8
FRQWURODGRU GR PRWRU
 (UURV HVSHFt¿FRV GR FKLS VXEVWLWXD R (&8
FRQWURODGRU GR PRWRU
 (UURV HVSHFt¿FRV GR FKLS VXEVWLWXD R (&8
FRQWURODGRU GR PRWRU
 (UURV HVSHFt¿FRV GR FKLS VXEVWLWXD R (&8
FRQWURODGRU GR PRWRU
 (UURV HVSHFt¿FRV GR FKLS VXEVWLWXD R (&8
FRQWURODGRU GR PRWRU
 (UURV HVSHFt¿FRV GR FKLS VXEVWLWXD R (&8
FRQWURODGRU GR PRWRU
 )DOKD GR EDUUDPHQWR 63, LQWHUQR (&8
GR FRQWURODGRU GR ('& VXEVWLWXLU R
FRQWURODGRU
 (VWDGR GH HUUR GD ((3520 (&8
DUPD]HQDPHQWR GD PHPyULD
HQWUH FLFORV GD FKDYH  VXEVWLWXLU R
FRQWURODGRU GR PRWRU
 (VWDGR GH HUUR GD ((3520 (&8
DUPD]HQDPHQWR GD PHPyULD
HQWUH FLFORV GD FKDYH  VXEVWLWXLU R
FRQWURODGRU GR PRWRU
 (VWDGR GH HUUR GD ((3520 (&8
DUPD]HQDPHQWR GD PHPyULD
HQWUH FLFORV GD FKDYH  VXEVWLWXLU R
FRQWURODGRU GR PRWRU
 5HLQtFLR GR VRIWZDUH GR FRQWURODGRU (&8
VXEVWLWXLU R FRQWURODGRU GR PRWRU
 5HLQtFLR GR FRQWURODGRU GHYLGR D (&8
EDL[D WHQVmR GD EDWHULD SDUWLGD D
IULR RX DFHVVR LQYiOLGR j IHUUDPHQWD
GH VHUYLoR
 5HLQtFLR GR VRIWZDUH GR FRQWURODGRU (&8
VXEVWLWXLU R FRQWURODGRU GR PRWRU
 )DOKD GR PRQLWRUDPHQWR LQWHUQR (&8
GR FRQWURODGRU GR PRWRU VXEVWLWXLU
FRQWURODGRU GR PRWRU
 )DOKD GR WHVWH LQWHJUDGR LQWHUQR (&8
VXEVWLWXLU R FRQWURODGRU
 )DOKD GR WHVWH LQWHJUDGR LQWHUQR (&8
VXEVWLWXLU R FRQWURODGRU
 )DOKD GR WHVWH LQWHJUDGR LQWHUQR (&8
VXEVWLWXLU R FRQWURODGRU
 'HVYLR HQWUH 738 H WHPSR GR (&8
VLVWHPD VXEVWLWXLU R FRQWURODGRU GR
PRWRU
 &RQMXQWR GH GDGRV  &yGLJR GD (&8
YDULDQWH
 &yGLJR GD YDULDQWH GR FRQMXQWR GH (&8
GDGRV
 0RQLWRUDPHQWR GR FRQWURODGRU  )DOKD (&8
QD FRPXQLFDomR GD 63,
 )DOKD GR &$1 EXV SULQFLSDO GR (&8
YHtFXOR

$ 
 >'7&@  
6LVWHPDV HOpWULFRV  &Ï',*26 '( )$/+$

0HQVDJHP 'HVFULomR &RQWURODGRU


 0RQLWRUDomR GH VREUHFDUJD (&8
 9HORFLGDGH UHGXQGDQWH GR PRWRU HP (&8
PRQLWRUDomR GH VREUHFDUJD  VLQDO GH
YHORFLGDGH LPSODXVtYHO
 /LPLWH VXSHULRU GD WHQVmR GH (&8
DOLPHQWDomR &- 68%67,78, R
FRQWURODGRU GR PRWRU
 $OLPHQWDomR GH  9 GR VHQVRU (&8
DOLPHQWDomR 
 $OLPHQWDomR GH  9 GR VHQVRU (&8
DOLPHQWDomR 
 $OLPHQWDomR GH  9 GR VHQVRU (&8
DOLPHQWDomR 
 $OLPHQWDomR GH  9 GR VHQVRU (&8
DOLPHQWDomR 
 $OLPHQWDomR GH  9 GR VHQVRU (&8
DOLPHQWDomR 
 $OLPHQWDomR GH  9 GR VHQVRU (&8
DOLPHQWDomR 
 'HVYLR SRVLWLYR DOWR GH SUHVVmR GD (&8
JDOHULD H YDORU DOWR GH SRQWR GH DMXVWH
GR ÀX[R GH FRPEXVWtYHO
 %RPED GH DOWD SUHVVmR GR (&8
FRPEXVWtYHO HVWi QR IRUQHFLPHQWR
PtQLPR H D SUHVVmR GR WULOKR QmR HVWi
GLPLQXLQGR
 ,PSRVVtYHO PDQWHU D SUHVVmR GD (&8
JDOHULD DFLPD GD SUHVVmR PtQLPD GH
 EDU
 3UHVVmR Pi[LPD GD JDOHULD GH (&8
FRPEXVWtYHO H[FHGLGD
 $ SUHVVmR GR WULOKR HVWi FDLQGR PXLWR (&8
UDSLGDPHQWH GXUDQWH VREUHFDUJD
GR PRWRU TXDQGR D ERPED GH
FRPEXVWtYHO HVWi QR IRUQHFLPHQWR
PtQLPR H D LQMHomR p ]HUR
 $ TXDQWLGDGH PtQLPD GH LQMHWRUHV (&8
SDUD RSHUDU R PRWRU QmR HVWi
IXQFLRQDO R Q~PHUR PtQLPR p GH 
LQMHWRUHV
 7HPSR OLPLWH GD PHQVDJHP &$1 (&8
76&3( DWLYR
 7HPSR OLPLWH GD PHQVDJHP &$1
76&9( DWLYR
 )DOKD QR WHVWH GD WHPSHUDWXUD GR (&8
OtTXLGR GH DUUHIHFLPHQWR
 /LPLWDomR GH WRUTXH GHYLGR DR (&8
OLPLWDGRU GH GHVHPSHQKR 2%' SHOD
OHJLVODomR
 ,QGLFD OLPLWDomR GH WRUTXH GHYLGR D (&8
IXPDoD DWLYD Ki  VHJXQGRV
 ,QGLFD D OLPLWDomR GH WRUTXH GHYLGR j (&8
SURWHomR GR PRWRU
 ,QGLFD D OLPLWDomR GH WRUTXH GHYLGR (&8
j OLPLWDomR GD TXDQWLGDGH GH
FRPEXVWtYHO
 ,QWHUUXSWRU GH YHORFLGDGH GR PRWRU ('&
FRQVWDQWH GHWHFWDGR PDV D RSomR
QmR HVWi KDELOLWDGD

$ 
 >'7&@  
6LVWHPDV HOpWULFRV  &Ï',*26 '( )$/+$

0HQVDJHP 'HVFULomR &RQWURODGRU


 &LUFXLWR DEHUWR QD VDtGD GR VROHQRLGH
GR IUHLR GD 7') WUDVHLUD
 ,QWHUUXSWRU GR IUHLR GD 7'3 WUDVHLUD 
&LUFXLWR DEHUWR
 62/(12,'( '$ 7'3 75$6(,5$
(03(55$'2 1$ 326,d­2
'(6$7,9$'$
 6ROHQRLGH GD 7') WUDVHLUD  FLUFXLWR
DEHUWR
 6HQVRU GH URWDomR GD 7') WUDVHLUD 
FLUFXLWR DEHUWR
 ,17(5583725 1250$/0(17(
)(&+$'2 '$ 7'3 '$ &$%,1(
75$6(,5$ &20 &,5&8,72
$%(572
 ,QWHUUXSWRU GR SDUDODPD GD 7')
WUDVHLUD  FLUFXLWR DEHUWRFXUWR FRP R
WHUUD
 ,QWHUUXSWRU GR SDUDODPD GD 7')
WUDVHLUD  HP FXUWR FRP HQWUDGD GH
 YROWV
 ,17(5583725 1250$/0(17(
$%(572 '$ 7'3 '$ &$%,1(
75$6(,5$ (03(55$'2
)(&+$'2
 ,QWHUUXSWRU GH JHUHQFLDPHQWR GD 7')
 HPSHUUDGR IHFKDGR
 ,QWHUUXSWRU GR SDUDODPD GD 7')
WUDVHLUD  HPSHUUDGR QD SRVLomR
OLJDGD
 6HQVRU GH YHORFLGDGH GD 7'3
WUDVHLUD  (P FXUWR FRP R WHUUD
 2SomR GH LQWHUUXSWRU GR SiUDODPD
GD 7') WUDVHLUD QmR KDELOLWDGD
 0RGR GH 7') DXWRPiWLFD QmR DWLYDGR
 (UUR GR LQWHUUXSWRU GD WUDomR QDV
TXDWUR URGDV
 6HP SUHVVmR GH DFLRQDPHQWR GH
TXDWUR URGDV
 ,QWHUUXSWRU GH SUHVVmR GH
DFLRQDPHQWR GH TXDWUR URGDV 
HPSHUUDGR QD SRVLomR OLJDGD
 (552 '2 ,17(5583725 '(
75$9$0(172 '2 ',)(5(1&,$/
 62/(12,'( '2 %/248(,2 '2
',)(5(1&,$/ &20 &,5&8,72
$%(572
 6HQVRU GH kQJXOR GD GLUHomR QmR
FDOLEUDGR
 6HQVRU GR kQJXOR GH GLUHomR  VLQDO
EDL[R GHPDLV
 6HP SUHVVmR GR EORTXHLR GH
GLIHUHQFLDO
 ,QWHUUXSWRU GH SUHVVmR GH WUDYDPHQWR
GR GLIHUHQFLDO  HPSHUUDGR QD SRVLomR
OLJDGD

$ 
 >'7&@  
6LVWHPDV HOpWULFRV  &Ï',*26 '( )$/+$

0HQVDJHP 'HVFULomR &RQWURODGRU


 6ROHQRLGH GH LVRODPHQWR
GD RULHQWDomR DXWRPiWLFD
 GHVFRQHFWDGRH[FHVVR GH
WHPSHUDWXUD
 5HWRUQR GR VROHQRLGH GH LVRODPHQWR
GD RULHQWDomR DXWRPiWLFD  (P FXUWR
FRP D EDWHULD
 5HWRUQR GR VROHQRLGH GH LVRODPHQWR
GD RULHQWDomR DXWRPiWLFD  (P FXUWR
FRP R WHUUD
 (UUR GH SODXVLELOLGDGH GR kQJXOR
GH GLUHomR VRPHQWH RULHQWDomR
DXWRPiWLFD
 6HQVRU GR kQJXOR GH GLUHomR 
FXUWRFLUFXLWR D 9&&
 6HQVRU GR kQJXOR GH GLUHomR 
FXUWRFLUFXLWR FRP R WHUUD RX FLUFXLWR
DEHUWR
 7HQVmR GH DOLPHQWDomR GH 9  PXLWR
DOWD
 7HQVmR GH DOLPHQWDomR GH 9  PXLWR
EDL[D
 /LQKD GH SDUWLGD  HP FXUWR D  9
 /LQKD GH SDUWLGD  HP FXUWR FRP R
WHUUD
 6HQVRU GH QtYHO GH FRPEXVWtYHO 
FLUFXLWR DEHUWR RX HP FXUWR FRP D
WHQVmR DOWD
 6HQVRU GR QtYHO GH FRPEXVWtYHO HP
FXUWR FRP WHUUD
 6HQVRU GH SUHVVmR GR IUHLR D DU 
FXUWRFLUFXLWR FRP 9&& RX FRQMXQWR
GH RSomR PDV VHQVRU QmR FRQHFWDGR
 6LVWHPD GR IUHLR SQHXPiWLFR QmR
FRQ¿JXUDGR
 6:&' SUHVHQWH PDV QmR
FRQ¿JXUDGR
 6HQVRU GH GLUHomR SUHVHQWH PDV QmR
FRQ¿JXUDGR
 (UUR GH ((3520 $',&
 &RQWURODGRU GD WUDQVPLVVmR DXVHQWH
 &RQWURODGRU GR PRWRU DXVHQWH
('&
 &RQWURODGRU DX[LOLDU DXVHQWH
 'HVFDQVR GR EUDoR $58 QmR
FRQHFWDGR
 7HFODGR DXVHQWH -$
 &RQWURODGRU GH GLUHomR DXVHQWH .$
 7(&8 DXVHQWH 2$
 6:&' DXVHQWH 9$
 &RQWURODGRU GH FOLPDWL]DomR DXVHQWH
 &RQMXQWR DSULPRUDGR VHP WHFODGR
 &RQMXQWR EiVLFR FRP WHFODGR
 (UUR GH FRQ¿JXUDomR
 6HQVRU GH WHPSHUDWXUD GD FDELQH
DEHUWR RX HP FXUWR FRP R SRVLWLYR GD
DOLPHQWDomR

$ 
 >'7&@  
6LVWHPDV HOpWULFRV  &Ï',*26 '( )$/+$

0HQVDJHP 'HVFULomR &RQWURODGRU


 6HQVRU GH WHPSHUDWXUD GD FDELQH HP
FXUWR FRP R WHUUD
 6HQVRU GH WHPSHUDWXUD GD VDtGD
DEHUWR RX HP FXUWR FRP R SRVLWLYR GD
DOLPHQWDomR
 6HQVRU GH WHPSHUDWXUD GD VDtGD HP
FXUWR FRP R WHUUD
 6HQVRU GH WHPSHUDWXUD GR
HYDSRUDGRU DEHUWR RX HP FXUWR
FRP R SRVLWLYR GD DOLPHQWDomR
 6HQVRU GH WHPSHUDWXUD GR
HYDSRUDGRU HP FXUWR FRP R
WHUUD
 6HQVRU GH WHPSHUDWXUD GR DU H[WHUQR
DEHUWR RX HP FXUWR FRP R SRVLWLYR GD
DOLPHQWDomR
 6HQVRU GH WHPSHUDWXUD GR DU H[WHUQR
HP FXUWR FRP R WHUUD
 3RWHQFL{PHWUR GH VHOHomR GH
YHORFLGDGH GR YHQWLODGRU DEHUWR RX
HP FXUWR FRP DOLPHQWDomR
 3RWHQFL{PHWUR GH VHOHomR GD
WHPSHUDWXUD DEHUWR RX HP FXUWR FRP
R SRVLWLYR GD DOLPHQWDomR
 3RWHQFL{PHWUR GH VHOHomR GH PRGR 
$EHUWR RX HP FXUWR FRP DOLPHQWDomR
 (QWUDGD GR LQWHUUXSWRU GH SUHVVmR 
DOWDEDL[D HP FXUWR FRP R SRVLWLYR
GD DOLPHQWDomR
 (QWUDGD GR LQWHUUXSWRU GH SUHVVmR 
DOWDEDL[D HP FXUWR FRP R WHUUD
 ,QWHUUXSWRU GH DOWD SUHVVmREDL[D
SUHVVmR  HP FXUWR FRP D
DOLPHQWDomR SRVLWLYD
 ,QWHUUXSWRU GH DOWD SUHVVmREDL[D
SUHVVmR  HP FXUWR FRP R WHUUD
 (UUR QR FLFOR GH DOWD SUHVVmR  HP 
PLQXWR
 (QWUDGD GR LQWHUUXSWRU GH EDL[D
SUHVVmR  HP FXUWR FRP R SRVLWLYR
GD DOLPHQWDomR
 (QWUDGD GR LQWHUUXSWRU GH EDL[D
SUHVVmR  HP FXUWR FRP R WHUUD
 ,QWHUUXSWRU GH EDL[D SUHVVmR  HP
FXUWR FRP DOLPHQWDomR
 (QWUDGD GR LQWHUUXSWRU GH EDL[D
SUHVVmR  HP FXUWR FRP R WHUUD
 ,QWHUUXSWRU GH EDL[D SUHVVmR DEHUWR
GXUDQWH PDLV TXH  PLQXWR
 /8=6Ë0%2/2 '( $'9(57Ç1&,$
'( 35(66­2 '( &$5*$
 ',5(d­2 +,'5È8/,&$ 1­2
)81&,21$ 28 )81&,21$
,1&255(7$0(17(
8 530 FDLX UiSLGR GHPDLV GXUDQWH
FDOLEUDomR GD HPEUHDJHP
8 2 LQWHUUXSWRU GH DVVHQWR QmR IRL
DWLYDGR

$ 
 >'7&@  
6LVWHPDV HOpWULFRV  &Ï',*26 '( )$/+$

0HQVDJHP 'HVFULomR &RQWURODGRU


8 7HPSHUDWXUD GR yOHR   ƒ& D
FDOLEUDomR QmR p SRVVtYHO
8 2 IUHLR GH PmR QmR HVWi DMXVWDGR
8 9(/2&,'$'( '2 02725 08,72
%$,;$
8 527$d­2 '2 02725 08,72 $/7$
8 $ DODYDQFD VHOHWRUD GH DYDQoR H Up
HVWi HP QHXWUR PXGH D DODYDQFD
SDUD DYDQoR
8 2 SHGDO GH HPEUHDJHP QmR HVWi HP
FLPD VROWH R SHGDO GH HPEUHDJHP
8 7UDWRU HP GHVORFDPHQWR
8 9DORU GH FDOLEUDomR Pi[LPR SHUPLWLGR
GD HPEUHDJHP IRL H[FHGLGR
8 6ROHQRLGH GD  HQJUHQDJHP QmR
HQFRQWUDGR
8 1HQKXP PRYLPHQWR GR VLQFURQL]DGRU
GH IDL[D LQWHUPHGLiULDPDUFKD j Up
GHWHFWDGR
8 1HQKXP PRYLPHQWR GR VLQFURQL]DGRU
GH IDL[D LQWHUPHGLiULDDOWD GHWHFWDGR
8 &RQHFWRUHV GR SRWHQFL{PHWUR GR
VLQFURQL]DGRU WURFDGRV
8 7'3 ,1,&,$'$
8 6(1625 '( 725d­2 '$ 7'3
&20 &,5&8,72 $%(572
8 &8572&,5&8,72 '2 6(1625 '(
725d­2 '$ 7'3
8 9DORU GH FDOLEUDomR GR DPRUWHFHGRU
PXLWR DOWR
8 9DORU GH FDOLEUDomR GR DPRUWHFHGRU
PXLWR EDL[R
8 &21(&725(6 '2 62/(12,'( '2
6,1&521,=$'25 '( )$,;$ $/7$
( '( 0$5&+$ 5e 752&$'26
8 &21(&725(6 '2 62/(12,'(
'2 6,1&521,=$'25 '( )$,;$
0e',$ ( %$,;$ 752&$'26
8 (552 '2 6,1&521,=$'25 '(
)$,;$ ,17(50(',È5,$0$5&+$ ¬
5e 1(8752
8 (552 '2 6,1&521,=$'25 '(
)$,;$ $/7$%$,;$ 1(8752
8 9$/25(6 '( &$/,%5$d­2 '2
6,1&521,=$'25 '( )$,;$
,17(50(',È5,$0$5&+$ ¬ 5e
)25$ '( 72/(5Æ1&,$
8 9$/25(6 '( &$/,%5$d­2
'2 6,1&521,=$'25 '(
)$,;$ %$,;$$/7$ )25$ '(
72/(5Æ1&,$

$ 
 >'7&@  

También podría gustarte