manolosanctis

-98&SVHIEY\

  


7SYVGI-QTVIWWMSR

0IWJVÌVIWGLMIRW
>EJJMVS
4EGS
0IWJVÌVIWGLMIRW
>EJJMVS

¤TEVEÒXVIPIQEM
¤TEVEÒXVI
'EVXSRRÍ)96
ZSPT
MPPYWXVEXMSRWIRGSYPIYV\GQ
(MWXVMFYXIYV
-7&2
)%2

:SPYQIR



)HMXIYV
'SPPIGXMSR

1ERSPSWERGXMW4EVMW
+IQMRM

6ÍWYQÍ
4EGSEÍXÍTM^^EÓSPSHERWPIWERRÍIWEWWMWXERXHI>SVVSIXVÍEPMWEXIYVHIWÍVMI&-PIWX
XSYNSYVWTPIMRHIRXLSYWMEWQITSYVVÍYWWMVPIWGLSWIWQEMWÄGLEUYIJSMWMPÍGLSYI
8LÌQI
&ERHIWHIWWMRÍIW&ERHIWHIWWMRÍIW
(I[I]

&ERHIWHIWWMRÍIWHIWWMRWLYQSVMWXMUYIWGEVMGEXYVIW

+SQSRX4MIVVI,IRV]
'EXEP]WI
  

4MIVVI,IRV]+SQSRX

¤TEVEÒXVIPIQEM
¤TEVEÒXVI
'EVXSRRÍ)96
ZSPT
MPPYWXVEXMSRWIRGSYPIYV\GQ
(MWXVMFYXIYV
-7&2
)%2

:SPYQIR



)HMXIYV
'SPPIGXMSR

1ERSPSWERGXMW4EVMW
/EVQE

6ÍWYQÍ
%PSVWUYMPWWSRXIRQMWWMSRHERWYRIIRXVITVMWITVSZMRGMEPI0MSRIPEYHMXIYVJMRERGMIVYR
TIYXIVRIHÍGSYZVIUYIWSRGSPPÌKYI7MQSRQMPMXERXHI\XVÎQIKEYGLIGLIVGLIUYIPUYI
GLSWIHERWPIWGSQTXIWHIPIRXVITVMWI
8LÌQI
&ERHIWHIWWMRÍIW&ERHIWHIWWMRÍIW4SPMGMIV8LVMPPIV
(I[I]

)PIGXVI

&ERHIWHIWWMRÍIWHIWWMRWLYQSVMWXMUYIWGEVMGEXYVIW

4EKIHI

-98&SVHIEY\

7SYVGI-QTVIWWMSR 

1EXLMIY8LSQEW
&MQFSWZIVWYWGLEXSRWXYIYVW
  

8LSQEW1EXLMIY

¤TEVEÒXVIPIEZVMP
¤TEVEÒXVI
'EVXSRRÍ)96
ZSPT
MPPYWXVEXMSRWIRGSYPIYV\GQ
(MWXVMFYXIYV
-7&2
)%2

:SPYQIR



)HMXIYV
'SPPIGXMSR

1ERSPSWERGXMW4EVMW
+SQSVVLI

6ÍWYQÍ
%REÓW%QFVIIX%GEGMEZMWMXIRXPEJSMVIEY\GLEXSRWHI&VY\IPPIWWERWWEZSMVUYIPIW
ERMQEY\SRXÍXÍGSRXEQMRÍWTEVPEJSPMIQIYXVMÌVIHI'LSYGLSYPIGLEXH%REÓW
8LÌQI
&ERHIWHIWWMRÍIW&ERHIWHIWWMRÍIW7GMIRGIJMGXMSR
(I[I]

  

&ERHIWHIWWMRÍIWHIWWMRWLYQSVMWXMUYIWGEVMGEXYVIW

(SPI%RXSMRI

-RMKS.YPMIXXI
0IGSIYVZIPY

%RXSMRI(SPI.YPMIXXI-RMKS
¤TEVEÒXVIPIEZVMP
¤TEVEÒXVI
'EVXSRRÍ)96
ZSPT
MPPYWXVEXMSRWIRGSYPIYV\GQ
(MWXVMFYXIYV
-7&2
)%2

:SPYQIR



)HMXIYV
'SPPIGXMSR

1ERSPSWERGXMW4EVMW
1ÍHÍI

6ÍWYQÍ
0YHMWMEJIQQIÄFEVFIEEFERHSRRÍPIQSRHIHYWTIGXEGPI9RTEXVSRHIFEVPEVIGYIMPPI
IXIPPIXIRXIHIWIJEMVIÄYRIZMITPYWRSVQEPI
8LÌQI
&ERHIWHIWWMRÍIW&ERHIWHIWWMRÍIW
(I[I]

)PIGXVI

&ERHIWHIWWMRÍIWHIWWMRWLYQSVMWXMUYIWGEVMGEXYVIW

4EKIHI

-98&SVHIEY\

7SYVGI-QTVIWWMSR 

;SY^MX
0IKVERHVSYKI
  

;SY^MX

¤TEVEÒXVIPIQEVW
¤TEVEÒXVI
'EVXSRRÍ)96
ZSPT
MPPYWXVEXMSRWIRGSYPIYV\GQ
(MWXVMFYXIYV
-7&2
)%2

:SPYQIR



)HMXIYV
'SPPIGXMSR

1ERSPSWERGXMW4EVMW
+IQMRM

6ÍWYQÍ
-ZER&EVREZINIYRILSQQIPMFIVXMRZMZERXHIQIRYWPEVËMRWZMXEYNSYVPINSYVEZIGWSR
GSQTEKRSR;MPPMEQ0EQIXLYRZMIMPEZIRXYVMIV6IGLIVGLÍWTEVPIWIMKRIYV*PERHVMRPIW
HIY\GSQTPMGIWWSRXVEXXVETÍWIXGSRHEQRÍW-ZERJIVEYRIVIRGSRXVIUYMPEQÌRIVEHERWHI
RSQFVIYWIWEZIRXYVIWPSMRHIXSYXIGMZMPMWEXMSR9REPFYQEYKVETLMWQIVMGLIIXLEYXIR
GSYPIYVW
8LÌQI
&ERHIWHIWWMRÍIW&ERHIWHIWWMRÍIW
(I[I]

&ERHIWHIWWMRÍIWHIWWMRWLYQSVMWXMUYIWGEVMGEXYVIW

*VEHIX8SQ
&VERPIYVW


.YPIWIX8SQ*VEHIX
4EVYPIQEVW
(MWTSRMFPI
'EVXSRRÍ)96
ZSPT
MPPYWXVEXMSRWIRGSYPIYV\GQ

  

(MWXVMFYXIYV
-7&2
)%2

:SPYQIR



)HMXIYV
'SPPIGXMSR

1ERSPSWERGXMW4EVMW
/EVQE

6ÍWYQÍ
0EYVIRXIWXVIXSYVRÍZMZVIÄ2ERXIWEYTVÌWHIWEQÌVI-P]VIXVSYZI%PERWSRQIMPPIYVEQM
ETTVIRXMVSGOIYVIXVIRGSRXVIWEGSTMRI2EHÌKIUYMPEXXMVIEYWWMXØX0EYVIRXIX%PER
IRGLEÒRIRXPIWTEWWEKIWÄPEJEGPIWWSMVÍIWIRXVIGSTEMRWIXPIWZMVÍIWIRZSMXYVI
GYWXSQMWÍI9RWSMVMPWZSRXGYIMPPMVHYGLERZVIIRGEQTEKRIQEMWPETSPMGIRIWXTEW
PSMR0IUYSXMHMIRHEHSPIWGIRXWHIPEGEQTEKRI
8LÌQI
&ERHIWHIWWMRÍIW&ERHIWHIWWMRÍIW
(I[I]

)PIGXVI

&ERHIWHIWWMRÍIWHIWWMRWLYQSVMWXMUYIWGEVMGEXYVIW

4EKIHI

-98&SVHIEY\

7SYVGI-QTVIWWMSR 

0I&SYGLIV8MQSXLÍI
7OMRWTEVX]
8MQSXLÍ0I&SYGLIV

4EVYPIJÍZVMIV
(MWTSRMFPI
'EVXSRRÍ)96
ZSPT
MPPYWXVEXMSRWIRGSYPIYV\GQ

  

(MWXVMFYXIYV
-7&2
)%2

:SPYQIR



)HMXIYV
'SPPIGXMSR

1ERSPSWERGXMW4EVMW
+SQSVVLIR”

6ÍWYQÍ
8SYXIWXTIVQMWPSVWHYRIWOMRWTEVX])ZI%PI\ERHVI1EVMSRIXPIYVWEQMWHIP]GÍI
ZIYPIRXIRTVSJMXIVFSMVIWIHVSKYIVWEQYWIVWIJEMVIVIQEVUYIVFVEZIVPIWMRXIVHMXW
QEMWWERWWIHSYXIVUYYRXIVVMFPIHVEQIWITVÍTEVI
8LÌQI
&ERHIWHIWWMRÍIW&ERHIWHIWWMRÍIW4SPMGMIV8LVMPPIV
(I[I]

&ERHIWHIWWMRÍIWHIWWMRWLYQSVMWXMUYIWGEVMGEXYVIW

6S]IV.ÍVÍQMI
0EXVEZIVWÍI
.ÍVÍQMI6S]IV

4EVYPIJÍZVMIV
(MWTSRMFPI
'EVXSRRÍ)96
ZSPT
MPPYWXVEXMSRWIRGSYPIYV\GQ

  

(MWXVMFYXIYV
-7&2
)%2

:SPYQIR



)HMXIYV
'SPPIGXMSR

1ERSPSWERGXMW4EVMW
+IQMRM

6ÍWYQÍ
7SPMXEMVIYRLSQQIXVEZIVWIYRTE]WHÍZEWXÍTEVYRIGEXEWXVSTLIHSRXPIWGEYWIWWSRXHÍNÄ
SYFPMÍIW0IWWYVZMZERXWWIJSRXVEVIWIXPIWXIQTWWSRXHYVWHERWGIXYRMZIVWTSWX
ETSGEP]TXMUYIVEZEKÍTEVHIWTMPPEVHWWERWJSMRMPSM0ILÍVSWHIGIXEPFYQVIRGSRXVIYRI
NIYRISVTLIPMRIIXWIRXUYIPIWTSMVHYRIÌVIRSYZIPPIRIWXTEWQSVXQEPKVÍPIW
IQFßGLIW
8LÌQI
&ERHIWHIWWMRÍIW&ERHIWHIWWMRÍIW
(I[I]

)PIGXVI

&ERHIWHIWWMRÍIWHIWWMRWLYQSVMWXMUYIWGEVMGEXYVIW

4EKIHI

-98&SVHIEY\

7SYVGI-QTVIWWMSR 

1IPGLMSV(YVERH7XÍTLERI

7ÍGLIVIWWI0SÓG#

,ÍGEXI
&IP^ÍFYXL

7XÍTLERI1IPGLMSV(YVERH
0SÓG7ÍGLIVIWWI
4EVYPINERZMIV
(MWTSRMFPI
'EVXSRRÍ)96
ZSPT
MPPYWXVEXMSRWIRRSMVIXIRGSYPIYV\GQ

  

(MWXVMFYXIYV
-7&2
)%2

:SPYQIR



)HMXIYV
'SPPIGXMSR

1ERSPSWERGXMW4EVMW
+IQMRM

6ÍWYQÍ
)RXVIJÎXIWIRHMEFPÍIWIXWÍERGIWHIXSVXYVIPEFIPPI,ÍGEXIIXPIHÍQSR&IP^ÍFYXL
FEXMJSPIRXIRIRJIV0IQSRHIWSYXIVVEMRWIVIXVSYZIEMRWMV]XLQÍTEVHIWWSVXMPÌKIWUYM
XSYVRIRXQEPHIWQSRWXVIWHÍWSFÍMWWERXW
8LÌQI
&ERHIWHIWWMRÍIW&ERHIWHIWWMRÍIW,YQSYV
(I[I]

&ERHIWHIWWMRÍIWHIWWMRWLYQSVMWXMUYIWGEVMGEXYVIW

4MX^2MGSPEW
0YPYEFSYVK
:SPYQI0EREMWWERGI

2MGSPEW4MX^

4EVYPINERZMIV
(MWTSRMFPI
'EVXSRRÍ)96
ZSPT
MPPYWXVEXMSRWIRGSYPIYV\GQ

  

(MWXVMFYXIYV
-7&2
)%2

:SPYQIR



)HMXIYV
'SPPIGXMSR
7ÍVMI

1ERSPSWERGXMW4EVMW
/EVQE
0YPYEFSYVKR”

6ÍWYQÍ
%YHÍFYXHY<<IWMÌGPIHERWPEGEQTEKRIFIPKIYRNIYRIKEVËSREWTMVIÄYRHIWXMRLSVW
HYGSQQYR=ZSRTEVZMIRHVEÄWIWSYWXVEMVIHIPIQTVMWITEXIVRIPPIHÍFYXERXYRI
EZIRXYVIUYMPIQÌRIVEHIPE&IPKMUYIEY'SRKS
8LÌQI
&ERHIWHIWWMRÍIW&ERHIWHIWWMRÍIW
(I[I]

)PIGXVI

&ERHIWHIWWMRÍIWHIWWMRWLYQSVMWXMUYIWGEVMGEXYVIW

4EKIHI

-98&SVHIEY\

7SYVGI-QTVIWWMSR 

+MPFIVX8LSQEW

3OPELSQEFS]
:SPYQI-VSR
JPIWL
8LSQEW+MPFIVX

4EVYPINERZMIV
(MWTSRMFPI
'EVXSRRÍ)96
ZSPT
MPPYWXVEXMSRWIRGSYPIYV\GQ

  

(MWXVMFYXIYV
-7&2
)%2

:SPYQIR



)HMXIYV
'SPPIGXMSR
7ÍVMI
2SXI

1ERSPSWERGXMW4EVMW
/EVQE
3OPELSQEFS]R”
8I\XIIRJVERËEMW

6ÍWYQÍ
%TVÌWYRIIRJERGIHMJJMGMPI3OPELSQEFS]HÍGMHIHIWIRKEKIVHERWPEVQÍITSYVHIZIRMV
EYQØRMIV0IGLESWHIPEKYIVVIPITPSRKIHERWPIHÍWEVVSMQEMWMPXIRXIVEHIGSRGMPMIVWIW
GSRZMGXMSRWIXWETVSTVIWYVZMI
8LÌQI
&ERHIWHIWWMRÍIW&ERHIWHIWWMRÍIW
(I[I]

&ERHIWHIWWMRÍIWHIWWMRWLYQSVMWXMUYIWGEVMGEXYVIW

,YQIEY8LSQEW
(IWIVX4EVO
8LSQEW,YQIEY

4EVYPIHÍGIQFVI
(MWTSRMFPI
'EVXSRRÍ)96
ZSPT
MPPYWXVEXMSRWIRGSYPIYV\GQ

  

(MWXVMFYXIYV
-7&2
)%2

:SPYQIR



)HMXIYV
'SPPIGXMSR

1ERSPSWERGXMW4EVMW
/EVQE

6ÍWYQÍ
%YZSPERXHIWSRGEFVMSPIX(EZMHWIWSYZMIRXHIWIWZEGERGIWEZIGWIWTEVIRXWHM\ERW
EYTEVEZERXÄ(IWIVX4EVO(ERWGIGIRXVIHIZEGERGIWHÍZEWXÍTEVYRIXIQTÎXIMPWÍXEMXPMÍ
HEQMXMÍEZIGHEYXVIWIRJERXW
8LÌQI
&ERHIWHIWWMRÍIW&ERHIWHIWWMRÍIW
(I[I]

)PIGXVI

&ERHIWHIWWMRÍIWHIWWMRWLYQSVMWXMUYIWGEVMGEXYVIW

4EKIHI

-98&SVHIEY\

7SYVGI-QTVIWWMSR 

6IREVX

7YGGYFI
6IREVX

4EVYPIHÍGIQFVI
(MWTSRMFPI
'EVXSRRÍ)96
ZSPT
MPPYWXVEXMSRWIRGSYPIYV\GQ

  

(MWXVMFYXIYV
-7&2
)%2

:SPYQIR



)HMXIYV
'SPPIGXMSR

1ERSPSWERGXMW4EVMW
+SQSVVLI

6ÍWYQÍ
)R%VXLYV'PEVOIEEGGITXÍHEMHIVWSRERGMIRTVSJIWWIYVÄXVÍTERIV1EVMIPEJMPPI
EYXMWXIHIGIHIVRMIV)RÄ4EVMW0SVIR^SIRUYÎXIWYVPIWYMGMHIHIWSREQM+ÍVEVHIX
YRIWYTIVFIGVÍEXYVIWÌQIPEQSVXEYXSYVHIPPI
8LÌQI
&ERHIWHIWWMRÍIW&ERHIWHIWWMRÍIW
(I[I]

&ERHIWHIWWMRÍIWHIWWMRWLYQSVMWXMUYIWGEVMGEXYVIW

&IKSR1EYH
%RXMKSRI
1EYH&IKSR

4EVYPIHÍGIQFVI
(MWTSRMFPI
'EVXSRRÍ)96
ZSPT
MPPYWXVEXMSRWIRGSYPIYV\GQ

  

(MWXVMFYXIYV
-7&2
)%2

:SPYQIR



)HMXIYV
'SPPIGXMSR

1ERSPSWERGXMW4EVMW
7X]\R”

6ÍWYQÍ
9RINIYRIJIQQIXVSQTIWSRIRRYMIRPMWERX%RXMKSRIH%RSYMPLEYFSVHHIPETMWGMRI
HYRGPYFHIZEGERGIW%PSVWUYIPPIWIVÎZIIRLÍVSÓRIXVEKMUYIÍGLETTERXÄPEQÍHMSGVMXÍ
HYUYSXMHMIRWIWTIRWÍIWHMZEKYIRX
8LÌQI
&ERHIWHIWWMRÍIW&ERHIWHIWWMRÍIW
(I[I]

)PIGXVI

&ERHIWHIWWMRÍIWHIWWMRWLYQSVMWXMUYIWGEVMGEXYVIW

4EKIHI

-98&SVHIEY\

7SYVGI-QTVIWWMSR 

7EJMIHHMRI.SWITL
8SQ
0IQSRWXVI
.SWITL7EJMIHHMRI
MPPYWXVEXMSRW8SQ

4EVYPIRSZIQFVI
(MWTSRMFPI
'EVXSRRÍ)96
ZSPT
MPPYWXVEXMSRWIRGSYPIYV\GQ

  

(MWXVMFYXIYV
-7&2
)%2

:SPYQIR



)HMXIYV
'SPPIGXMSR

1ERSPSWERGXMW4EVMW
/EVQER”

6ÍWYQÍ
%TVÌWYREGGMHIRXHIZSMXYVI%RXSMRI/VEQIVIWXHÍJMKYVÍTEVHIWFVßPYVIW-PHÍGMHIHI
ZMZVIHERWPEWSPMXYHIIXPMWSPIQIRXPITPYWXSXEP
8LÌQI
&ERHIWHIWWMRÍIW&ERHIWHIWWMRÍIW
(I[I]

&ERHIWHIWWMRÍIWHIWWMRWLYQSVMWXMUYIWGEVMGEXYVIW

%OEPMOSYWLMR
'EVREZEP
:SPYQI0IVIXSYVHIPLSQQIUYMTSVXEMXYRQEWUYIHIPETMRRSMV
%OEPMOSYWLMR

4EVYPIRSZIQFVI
(MWTSRMFPI
'EVXSRRÍ)96
ZSPT
MPPYWXVEXMSRWIRGSYPIYV\GQ

  

(MWXVMFYXIYV
-7&2
)%2

:SPYQIR



)HMXIYV
'SPPIGXMSR
7ÍVMI

1ERSPSWERGXMW4EVMW
/EVQER”
'EVREZEPR”

6ÍWYQÍ
9RLSQQIEYQEWUYIHIPETMRRSMVI\MPÍHITYMWTPYWHYRIHM^EMRIHERRÍIWVIZMIRXWYV
WSRÒPIREXEPIXSVXYVÍITEVPEHMGXEXYVIIRZYIHEJJVSRXIVWSRTEWWÍIXHIVÍTEVIVWIWIVVIYVW
8LÌQI
&ERHIWHIWWMRÍIW&ERHIWHIWWMRÍIW
(I[I]

)PIGXVI

&ERHIWHIWWMRÍIWHIWWMRWLYQSVMWXMUYIWGEVMGEXYVIW

4EKIHI

-98&SVHIEY\

7SYVGI-QTVIWWMSR 

&SYHEVX.IER4LMPMTTI

0IWEZIRXYVMIVWHYHMQERGLI
:SPYQI0IXSYVHIWHSRNSRW
.IER4LMPMTTI&SYHEVX

4EVYPIWITXIQFVI
(MWTSRMFPI
'EVXSRRÍ)96
ZSPT
MPPYWXVEXMSRWIRGSYPIYV\GQ

  

(MWXVMFYXIYV
-7&2
)%2

:SPYQIR



)HMXIYV
'SPPIGXMSR
7ÍVMI

1ERSPSWERGXMW4EVMW
+IQMRM
0IWEZIRXYVMIVWHYHMQERGLIR”

6ÍWYQÍ
4SYV&EVFEVS\IIXWIWGSQTEKRSRWHIKYMPHIPIHMQERGLIIWXPSGGEWMSRHIXYIVHIW
QSRWXVIWIXHIVIZIRMVPIWFVEWGLEVKÍWHIXVÍWSVW1EPLIYVIYWIQIRXTSYVGIWEZIRXYVMIVWÄ
PETIXMXIWIQEMRIGIHMQERGLITPYZMIY\ETTSVXIVEWSRPSXHIHÍGSRZIRYIW9REPFYQ
QÎPERXLYQSYVIXEZIRXYVIHERWPYRMZIVWHIPEJERXEW]
8LÌQI
&ERHIWHIWWMRÍIW&ERHIWHIWWMRÍIW
(I[I]

&ERHIWHIWWMRÍIWHIWWMRWLYQSVMWXMUYIWGEVMGEXYVIW

0ÍSRMI
4VMRGIWWI7YTPI\
0ÍSRMI

4EVYPIESßX
(MWTSRMFPI
&VSGLÍ)96
ZSPT
MPPYWXVEXMSRWIRGSYPIYV\GQ

  

(MWXVMFYXIYV
-7&2
)%2

:SPYQIR



)HMXIYV
'SPPIGXMSR

1ERSPSWERGXMW4EVMW
1ÍHÍI

6ÍWYQÍ
(ERWPYRMZIVWHYGEXGLEQEXIYVPIWEZIRXYVIWUYSXMHMIRRIWPIWVÎZIWIXPIWWIRWMFMPMXÍWHI
4VMRGIWWI7YTPI\
8LÌQI
&ERHIWHIWWMRÍIW&ERHIWHIWWMRÍIW
(I[I]

)PIGXVI

&ERHIWHIWWMRÍIWHIWWMRWLYQSVMWXMUYIWGEVMGEXYVIW

4EKIHI

-98&SVHIEY\

7SYVGI-QTVIWWMSR 

Q

TVÍJEGI6ETLEÏP&
1EV]4YQTOMRW.YPIW8SQ8[IP[IQSROI]WIXEP
4EVYPIIVNYMPPIX
(MWTSRMFPI
'EVXSRRÍ)96
ZSPT
MPPYWXVEXMSRWIRGSYPIYV\GQ

  

(MWXVMFYXIYV
-7&2
)%2

:SPYQIR



)HMXIYV
'SPPIGXMSR

1ERSPSWERGXMW4EVMW
%KSVE

6ÍWYQÍ
0IWEQMWHI:MGXSVSVKERMWIRXYRIJÎXIIRWSRLSRRIYVÄPSGGEWMSRHIWSRVIXSYV1EMWPIW
JIWXMZMXÍWZSRXXSYVRIVGSYVXPSVWUYMPWHÍGSYZVIRXUYI4EVMWIWXVIGSYZIVXHIQ
HIEY9REPFYQTEVXMGMTEXMJEYXSYVHYRIRSYZIPPIMRSRHEXMSRHI4EVMWGSRWXVYMWERXYR
VÍGMXGSLÍVIRXXSYXIRPEMWWERXPETPEGIÄPEGVÍEXMZMXÍHIGLEGYR
8LÌQI
&ERHIWHIWWMRÍIW&ERHIWHIWWMRÍIW
(I[I]

&ERHIWHIWWMRÍIWHIWWMRWLYQSVMWXMUYIWGEVMGEXYVIW

7EGVÍ=SLER
1SRGEYGLIQEVIXQSM
=SLER7EGVÍ

4EVYPINYMR
(MWTSRMFPI
'EVXSRRÍ)96
ZSPMPPYWXVEXMSRWIRGSYPIYV\GQ

  

(MWXVMFYXIYV
-7&2
)%2

:SPYQIR



)HMXIYV
'SPPIGXMSR

1ERSPSWERGXMW4EVMW
7X]\

6ÍWYQÍ
9RNIYRIKEVËSRTPSRKÍHERWYRYRMZIVWSRMVMUYIJEMXPEGSRREMWWERGIHYRGEYGLIQEV
HSRXMPHIZMIRXPIQIMPPIYVEQM9RTEVGSYVWMRMXMEXMUYIÄQMGLIQMRIRXVIPIFIWXMEMVI
JERXEWQEKSVMUYIHI,E]ES1M]E^EOMIXPYRMZIVWKSXLMUYIHI8MQ&YVXSR
8LÌQI
&ERHIWHIWWMRÍIW&ERHIWHIWWMRÍIW
(I[I]

)PIGXVI

&ERHIWHIWWMRÍIWHIWWMRWLYQSVMWXMUYIWGEVMGEXYVIW

4EKIHI

-98&SVHIEY\

7SYVGI-QTVIWWMSR 

;MRKVSZI1EYVIIR#

%6IREYH+ISVKMI7SMGLSX
1EYVIIR;MRKVSZI

4EVYPINERZMIV
(MWTSRMFPI
&VSGLÍ)96
ZSPMPPYWXVEXMSRWIRRSMVIXFPERG\GQ

  

(MWXVMFYXIYV
-7&2
)%2

:SPYQIR



)HMXIYV
'SPPIGXMSR

1ERSPSWERGXMW4EVMW
1ÍHÍIR”

6ÍWYQÍ
0LMWXSMVIHEQSYVIRXVI+ISVKMIIX6IREYHHÍFYXIHERWPIWERRÍIWQEMWPIYVTEWWMSR
HIWXVYGXVMGIPIWÍPSMKRIPYRHIPEYXVI9RILMWXSMVIMRWTMVÍITEVPEKVERHXERXIHIPEYXIYVI
8LÌQI
&ERHIWHIWWMRÍIW&ERHIWHIWWMRÍIW
(I[I]

&ERHIWHIWWMRÍIWHIWWMRWLYQSVMWXMUYIWGEVMGEXYVIW

4LERXEWQIW
4EVYPIHÍGIQFVI
(MWTSRMFPI
'EVXSRRÍ)96
ZSPT
MPPYWXVEXMSRWIRRSMVIXIRGSYPIYV\GQ
(MWXVMFYXIYV
-7&2
)%2

:SPYQIR



)HMXIYV
'SPPIGXMSR

1ERSPSWERGXMW4EVMW
%KSVE

6ÍWYQÍ
9RIZMRKXEMRIHITVSTSWMXMSRWKVETLMUYIWHILYMXTEKIWGLEGYRIEYXSYVHYTLERXEWQI
MWWYIWHYRIWÍPIGXMSRHIPÍHMXIYVÄTEVXMVHIPEGIRXEMRIHIQMGVSVÍGMXWUYMPYMSRXÍXÍ
TVSTSWÍWWYVGIXLÌQI
8LÌQI
&ERHIWHIWWMRÍIW&ERHIWHIWWMRÍIW
  

)PIGXVI

(I[I]

&ERHIWHIWWMRÍIWHIWWMRWLYQSVMWXMUYIWGEVMGEXYVIW

4EKIHI

-98&SVHIEY\

7SYVGI-QTVIWWMSR 

6IREVX

&EWI2ITXYRI
6IREVX

4EVYPISGXSFVI
(MWTSRMFPI
&VSGLÍ)96
ZSPMPPYWXVEXMSRWIRGSYPIYV\GQ

  

(MWXVMFYXIYV
-7&2
)%2

:SPYQIR



)HMXIYV
'SPPIGXMSR

1ERSPSWERGXMW4EVMW
7X]\

6ÍWYQÍ
0EKYIVVIMQQÍQSVMEPIHI2ITXYRIIX4PYXSRPIWHIY\TYMWWERGIWUYMVÌKRIRXWYVPE
TPERÌXIWI\TVMQIÄXVEZIVWYRIGSYVWIWERWJMRÄPEXIGLRSPSKMI0INSYVREPMWXI,EYJQIMR
IRUYÎXIWYVPEFEWI2ITXYRIIXETTVIRHUYIPIVSMWIVEMXHÍTSWMXEMVIHYRIXIGLRSPSKMI
GETEFPIHIVÍHYMVI4PYXSRÄRÍERX
8LÌQI
&ERHIWHIWWMRÍIW&ERHIWHIWWMRÍIW
(I[I]

&ERHIWHIWWMRÍIWHIWWMRWLYQSVMWXMUYIWGEVMGEXYVIW

+MPFIVX8LSQEW

3OPELSQEFS]
8LSQEW+MPFIVX
4EVYPISGXSFVI
(MWTSRMFPI
&VSGLÍ)96
ZSPMPPYWXVEXMSRWIRGSYPIYV\GQ

  

(MWXVMFYXIYV
-7&2
)%2

:SPYQIR



)HMXIYV
'SPPIGXMSR
7ÍVMI

1ERSPSWERGXMW4EVMW
/EVQE
3OPELSQEFS]

6ÍWYQÍ
3OPELSQE&S]ZMXHERWYRPMIYVIGYPÍÍPIZÍHERWPEVIPMKMSRIXPIJEREXMWQITEVWSRTÌVI
-PWMWSPITIYÄTIYHIWIWEQMWQEMWHÍGSYZVIUYIPEFEVFEVMIIWXTVÍWIRXITEVXSYX
8LÌQI
&ERHIWHIWWMRÍIW&ERHIWHIWWMRÍIW
(I[I]

)PIGXVI

&ERHIWHIWWMRÍIWHIWWMRWLYQSVMWXMUYIWGEVMGEXYVIW

4EKIHI