Enviar pesquisa
Carregar
149065471 traccion01
•
0 gostou
•
233 visualizações
Michel Rodriguez
Seguir
g
Leia menos
Leia mais
Meio ambiente
Denunciar
Compartilhar
Denunciar
Compartilhar
1 de 13
Baixar agora
Baixar para ler offline
Recomendados
Cap1 lec2
Cap1 lec2
Andres Milquez
Escolarización del niño alérgico paso a paso, pautas, protocolos, documentos,...
Escolarización del niño alérgico paso a paso, pautas, protocolos, documentos,...
rosimovil4
Manual autoinstructivo-lenguaje
Manual autoinstructivo-lenguaje
Percy Jaime Rivera Avila
Articulo sistema de partidos 1958 - 1973 - avd version lite 1
Articulo sistema de partidos 1958 - 1973 - avd version lite 1
Cristian Adrian Villegas Dianta
092 Motor 2 0L de 85 Kw.pdf
092 Motor 2 0L de 85 Kw.pdf
jcarrey
093 Cordoba 2003.pdf
093 Cordoba 2003.pdf
jcarrey
091 Asistentes de frenada.pdf
091 Asistentes de frenada.pdf
jcarrey
Resumen Reforma Laboral 2012 - Ley 3/2012
Resumen Reforma Laboral 2012 - Ley 3/2012
IFRA asesores
Recomendados
Cap1 lec2
Cap1 lec2
Andres Milquez
Escolarización del niño alérgico paso a paso, pautas, protocolos, documentos,...
Escolarización del niño alérgico paso a paso, pautas, protocolos, documentos,...
rosimovil4
Manual autoinstructivo-lenguaje
Manual autoinstructivo-lenguaje
Percy Jaime Rivera Avila
Articulo sistema de partidos 1958 - 1973 - avd version lite 1
Articulo sistema de partidos 1958 - 1973 - avd version lite 1
Cristian Adrian Villegas Dianta
092 Motor 2 0L de 85 Kw.pdf
092 Motor 2 0L de 85 Kw.pdf
jcarrey
093 Cordoba 2003.pdf
093 Cordoba 2003.pdf
jcarrey
091 Asistentes de frenada.pdf
091 Asistentes de frenada.pdf
jcarrey
Resumen Reforma Laboral 2012 - Ley 3/2012
Resumen Reforma Laboral 2012 - Ley 3/2012
IFRA asesores
Vino de naranja
Vino de naranja
Lucelly Reina
Informe conciliación1
Informe conciliación1
Heidy Balanta
Anexo 5 avales completo v2011.1
Anexo 5 avales completo v2011.1
Liron Antirronquidos
Diseño editorial El Comercio.com
Diseño editorial El Comercio.com
Reynaldo Cruz Zapata
Apuntes psg
Apuntes psg
Maritza poma
Viti 472 viña
Viti 472 viña
José Enrique Trujillo Linares
Verbigràcia2
Verbigràcia2
autobombo
R3
R3
nchacinp
Torta de soya
Torta de soya
Henner Charles Fernandez Tarrillo
R2
R2
nchacinp
Neurorradiologia
Neurorradiologia
Juliano Pimentel
Internet
Internet
albertoheinstein
Libro
Libro
achachavezmiriam
5 bobinadeira manual
5 bobinadeira manual
Alexandre Mattos
Patologia das construções usp
Patologia das construções usp
jose humberto Bulhao
Factorisation
Factorisation
RoqaiaAbdelmonem
Educação. do liberalismo ao neoliberalismo
Educação. do liberalismo ao neoliberalismo
wsshist
Netttttt
Netttttt
SandraArreola
PERSONAJES DESTACADOS
PERSONAJES DESTACADOS
danielaquiceno
Vorlage Gate
Vorlage Gate
bfnd
Alumniarbeit mit dem alumniportal deutschland
Alumniarbeit mit dem alumniportal deutschland
bfnd
DIHK Social Media Tag 2013
DIHK Social Media Tag 2013
bfnd
Mais conteúdo relacionado
Mais procurados
Vino de naranja
Vino de naranja
Lucelly Reina
Informe conciliación1
Informe conciliación1
Heidy Balanta
Anexo 5 avales completo v2011.1
Anexo 5 avales completo v2011.1
Liron Antirronquidos
Diseño editorial El Comercio.com
Diseño editorial El Comercio.com
Reynaldo Cruz Zapata
Apuntes psg
Apuntes psg
Maritza poma
Viti 472 viña
Viti 472 viña
José Enrique Trujillo Linares
Verbigràcia2
Verbigràcia2
autobombo
R3
R3
nchacinp
Torta de soya
Torta de soya
Henner Charles Fernandez Tarrillo
R2
R2
nchacinp
Neurorradiologia
Neurorradiologia
Juliano Pimentel
Internet
Internet
albertoheinstein
Libro
Libro
achachavezmiriam
5 bobinadeira manual
5 bobinadeira manual
Alexandre Mattos
Patologia das construções usp
Patologia das construções usp
jose humberto Bulhao
Factorisation
Factorisation
RoqaiaAbdelmonem
Educação. do liberalismo ao neoliberalismo
Educação. do liberalismo ao neoliberalismo
wsshist
Mais procurados
(17)
Vino de naranja
Vino de naranja
Informe conciliación1
Informe conciliación1
Anexo 5 avales completo v2011.1
Anexo 5 avales completo v2011.1
Diseño editorial El Comercio.com
Diseño editorial El Comercio.com
Apuntes psg
Apuntes psg
Viti 472 viña
Viti 472 viña
Verbigràcia2
Verbigràcia2
R3
R3
Torta de soya
Torta de soya
R2
R2
Neurorradiologia
Neurorradiologia
Internet
Internet
Libro
Libro
5 bobinadeira manual
5 bobinadeira manual
Patologia das construções usp
Patologia das construções usp
Factorisation
Factorisation
Educação. do liberalismo ao neoliberalismo
Educação. do liberalismo ao neoliberalismo
Destaque
Netttttt
Netttttt
SandraArreola
PERSONAJES DESTACADOS
PERSONAJES DESTACADOS
danielaquiceno
Vorlage Gate
Vorlage Gate
bfnd
Alumniarbeit mit dem alumniportal deutschland
Alumniarbeit mit dem alumniportal deutschland
bfnd
DIHK Social Media Tag 2013
DIHK Social Media Tag 2013
bfnd
Selbsthilfegruppe
Selbsthilfegruppe
SocialMediaExperiment
13 la narración ficticia
13 la narración ficticia
marynube
Consens partits polítics chc
Consens partits polítics chc
cascantic2008
Simof
Simof
MyriMarvizon
Webinar hongkong 30.11.2011 slideshare
Webinar hongkong 30.11.2011 slideshare
bfnd
Xfhxdf
Xfhxdf
danny9412
Singlebörse
Singlebörse
SocialMediaExperiment
Consens chc definitiu
Consens chc definitiu
cascantic2008
Porfin
Porfin
montesyordin
Alatperagaipasmpdaktahun2014 141027061637-conversion-gate01
Alatperagaipasmpdaktahun2014 141027061637-conversion-gate01
Sobat Sulapa'Appa
Mioooooo[1]
Mioooooo[1]
SandraArreola
Coches4
Coches4
sobreruedasclasicas
WEbinar Gate Session 3
WEbinar Gate Session 3
bfnd
Presentacion p s chia..
Presentacion p s chia..
Maria Victoria Padilla
PROCESO SALUD ENFERMEDAD
PROCESO SALUD ENFERMEDAD
Maria Victoria Padilla
Destaque
(20)
Netttttt
Netttttt
PERSONAJES DESTACADOS
PERSONAJES DESTACADOS
Vorlage Gate
Vorlage Gate
Alumniarbeit mit dem alumniportal deutschland
Alumniarbeit mit dem alumniportal deutschland
DIHK Social Media Tag 2013
DIHK Social Media Tag 2013
Selbsthilfegruppe
Selbsthilfegruppe
13 la narración ficticia
13 la narración ficticia
Consens partits polítics chc
Consens partits polítics chc
Simof
Simof
Webinar hongkong 30.11.2011 slideshare
Webinar hongkong 30.11.2011 slideshare
Xfhxdf
Xfhxdf
Singlebörse
Singlebörse
Consens chc definitiu
Consens chc definitiu
Porfin
Porfin
Alatperagaipasmpdaktahun2014 141027061637-conversion-gate01
Alatperagaipasmpdaktahun2014 141027061637-conversion-gate01
Mioooooo[1]
Mioooooo[1]
Coches4
Coches4
WEbinar Gate Session 3
WEbinar Gate Session 3
Presentacion p s chia..
Presentacion p s chia..
PROCESO SALUD ENFERMEDAD
PROCESO SALUD ENFERMEDAD
Semelhante a 149065471 traccion01
1ª Antología. Primera Parte
1ª Antología. Primera Parte
autobombo
Calidad total
Calidad total
Augusto Javes Sanchez
Calidad total
Calidad total
Carlos Alberto Jesus Sedano
Teoriaartegotico
Teoriaartegotico
manu avila marin
Exantemas
Exantemas
RoderickA81F
Fisica de las Radiaciones Ionizantes en Radioterapia
Fisica de las Radiaciones Ionizantes en Radioterapia
T.E.R.T Samuel Ramirez
Ebeam edge Manual Usuario
Ebeam edge Manual Usuario
lennyambrosini
28 05 conjuraciones e invocación de salomón www.gftaognosticaespiritual.org
28 05 conjuraciones e invocación de salomón www.gftaognosticaespiritual.org
Gran Fratervidad Tao Gnostica Espiritual Org
Internet
Internet
Marco Abel
Lasinteligenciamultiples
Lasinteligenciamultiples
marianita316
5 texto conciliado gaceta 342 (31 05-11) seguridad ciudadana.pdf.nivel 3
5 texto conciliado gaceta 342 (31 05-11) seguridad ciudadana.pdf.nivel 3
jeramon
Diseño editorial El COMERCIO
Diseño editorial El COMERCIO
Reynaldo Cruz Zapata
2 debate gaceta 975 (26 11-10) seguridad ciudadana.pdf.nivel 3
2 debate gaceta 975 (26 11-10) seguridad ciudadana.pdf.nivel 3
jeramon
Automotriz de autopartes v2
Automotriz de autopartes v2
bsisco95
28 11 el rayo del superhombre www.gftaognosticaespiritual.org
28 11 el rayo del superhombre www.gftaognosticaespiritual.org
Gran Fratervidad Tao Gnostica Espiritual Org
1 debate gaceta 850 (3 11-10) seguridad ciudadana.pdf.nivel 3
1 debate gaceta 850 (3 11-10) seguridad ciudadana.pdf.nivel 3
jeramon
Uvaaa
Uvaaa
matias aa herediaa
Poweer de vinooo
Poweer de vinooo
lilirios5
Verbigràcia1
Verbigràcia1
autobombo
Libro tic en el perú
Libro tic en el perú
alex julinho ordoñes
Semelhante a 149065471 traccion01
(20)
1ª Antología. Primera Parte
1ª Antología. Primera Parte
Calidad total
Calidad total
Calidad total
Calidad total
Teoriaartegotico
Teoriaartegotico
Exantemas
Exantemas
Fisica de las Radiaciones Ionizantes en Radioterapia
Fisica de las Radiaciones Ionizantes en Radioterapia
Ebeam edge Manual Usuario
Ebeam edge Manual Usuario
28 05 conjuraciones e invocación de salomón www.gftaognosticaespiritual.org
28 05 conjuraciones e invocación de salomón www.gftaognosticaespiritual.org
Internet
Internet
Lasinteligenciamultiples
Lasinteligenciamultiples
5 texto conciliado gaceta 342 (31 05-11) seguridad ciudadana.pdf.nivel 3
5 texto conciliado gaceta 342 (31 05-11) seguridad ciudadana.pdf.nivel 3
Diseño editorial El COMERCIO
Diseño editorial El COMERCIO
2 debate gaceta 975 (26 11-10) seguridad ciudadana.pdf.nivel 3
2 debate gaceta 975 (26 11-10) seguridad ciudadana.pdf.nivel 3
Automotriz de autopartes v2
Automotriz de autopartes v2
28 11 el rayo del superhombre www.gftaognosticaespiritual.org
28 11 el rayo del superhombre www.gftaognosticaespiritual.org
1 debate gaceta 850 (3 11-10) seguridad ciudadana.pdf.nivel 3
1 debate gaceta 850 (3 11-10) seguridad ciudadana.pdf.nivel 3
Uvaaa
Uvaaa
Poweer de vinooo
Poweer de vinooo
Verbigràcia1
Verbigràcia1
Libro tic en el perú
Libro tic en el perú
Mais de Michel Rodriguez
31 diseo-flexible-1222708272313494-8
31 diseo-flexible-1222708272313494-8
Michel Rodriguez
16 capitulo7
16 capitulo7
Michel Rodriguez
15 161019215220 2
15 161019215220 2
Michel Rodriguez
15 161019215220
15 161019215220
Michel Rodriguez
15 lima provincia
15 lima provincia
Michel Rodriguez
14 capitulo5
14 capitulo5
Michel Rodriguez
14 161019215145
14 161019215145
Michel Rodriguez
13 161019215123
13 161019215123
Michel Rodriguez
07 161019214150
07 161019214150
Michel Rodriguez
07 161019213936
07 161019213936
Michel Rodriguez
06 161019213841
06 161019213841
Michel Rodriguez
05 161019213105
05 161019213105
Michel Rodriguez
4 reglamento nacional de vehiculos & itv
4 reglamento nacional de vehiculos & itv
Michel Rodriguez
04 161019212456
04 161019212456
Michel Rodriguez
03 161019215926
03 161019215926
Michel Rodriguez
2a568b3fe5caf564b6a2a2e94332ab1bca3aa06b
2a568b3fe5caf564b6a2a2e94332ab1bca3aa06b
Michel Rodriguez
02 161019215759
02 161019215759
Michel Rodriguez
02 161019215646
02 161019215646
Michel Rodriguez
02 informe final_eod
02 informe final_eod
Michel Rodriguez
1 134 180_87_1230
1 134 180_87_1230
Michel Rodriguez
Mais de Michel Rodriguez
(20)
31 diseo-flexible-1222708272313494-8
31 diseo-flexible-1222708272313494-8
16 capitulo7
16 capitulo7
15 161019215220 2
15 161019215220 2
15 161019215220
15 161019215220
15 lima provincia
15 lima provincia
14 capitulo5
14 capitulo5
14 161019215145
14 161019215145
13 161019215123
13 161019215123
07 161019214150
07 161019214150
07 161019213936
07 161019213936
06 161019213841
06 161019213841
05 161019213105
05 161019213105
4 reglamento nacional de vehiculos & itv
4 reglamento nacional de vehiculos & itv
04 161019212456
04 161019212456
03 161019215926
03 161019215926
2a568b3fe5caf564b6a2a2e94332ab1bca3aa06b
2a568b3fe5caf564b6a2a2e94332ab1bca3aa06b
02 161019215759
02 161019215759
02 161019215646
02 161019215646
02 informe final_eod
02 informe final_eod
1 134 180_87_1230
1 134 180_87_1230
Último
VIP Model Call Girls Bhosari ( Pune ) Call ON 8005736733 Starting From 5K to ...
VIP Model Call Girls Bhosari ( Pune ) Call ON 8005736733 Starting From 5K to ...
SUHANI PANDEY
VIP Model Call Girls Chakan ( Pune ) Call ON 8005736733 Starting From 5K to 2...
VIP Model Call Girls Chakan ( Pune ) Call ON 8005736733 Starting From 5K to 2...
SUHANI PANDEY
Sustainable Packaging
Sustainable Packaging
Dr. Salem Baidas
Training Of Trainers FAI Eng. Basel Tilapia Welfare.pdf
Training Of Trainers FAI Eng. Basel Tilapia Welfare.pdf
Basel Ahmed
CSR_Tested activities in the classroom -EN
CSR_Tested activities in the classroom -EN
GeorgeDiamandis11
Verified Trusted Kalyani Nagar Call Girls 8005736733 𝐈𝐍𝐃𝐄𝐏𝐄𝐍𝐃𝐄𝐍𝐓 Call 𝐆𝐈𝐑𝐋 𝐕...
Verified Trusted Kalyani Nagar Call Girls 8005736733 𝐈𝐍𝐃𝐄𝐏𝐄𝐍𝐃𝐄𝐍𝐓 Call 𝐆𝐈𝐑𝐋 𝐕...
tanu pandey
DENR EPR Law Compliance Updates April 2024
DENR EPR Law Compliance Updates April 2024
itadmin50
Call Girls Ramtek Call Me 7737669865 Budget Friendly No Advance Booking
Call Girls Ramtek Call Me 7737669865 Budget Friendly No Advance Booking
roncy bisnoi
Call Girl Nagpur Roshni Call 7001035870 Meet With Nagpur Escorts
Call Girl Nagpur Roshni Call 7001035870 Meet With Nagpur Escorts
Call Girls in Nagpur High Profile
Call Girls Jejuri Call Me 7737669865 Budget Friendly No Advance Booking
Call Girls Jejuri Call Me 7737669865 Budget Friendly No Advance Booking
roncy bisnoi
Hot Call Girls 🫤 Malviya Nagar ➡️ 9711199171 ➡️ Delhi 🫦 Whatsapp Number
Hot Call Girls 🫤 Malviya Nagar ➡️ 9711199171 ➡️ Delhi 🫦 Whatsapp Number
kumarajju5765
VIP Model Call Girls Viman Nagar ( Pune ) Call ON 8005736733 Starting From 5K...
VIP Model Call Girls Viman Nagar ( Pune ) Call ON 8005736733 Starting From 5K...
SUHANI PANDEY
BOOK Call Girls in (Dwarka) CALL | 8377087607 Delhi Escorts Services
BOOK Call Girls in (Dwarka) CALL | 8377087607 Delhi Escorts Services
dollysharma2066
Contact Number Call Girls Service In Goa 9316020077 Goa Call Girls Service
Contact Number Call Girls Service In Goa 9316020077 Goa Call Girls Service
sexy call girls service in goa
Proposed Amendments to Chapter 15, Article X: Wetland Conservation Areas
Proposed Amendments to Chapter 15, Article X: Wetland Conservation Areas
💥Victoria K. Colangelo
Call Girls In Bloom Boutique | GK-1 ☎ 9990224454 High Class Delhi NCR 24 Hour...
Call Girls In Bloom Boutique | GK-1 ☎ 9990224454 High Class Delhi NCR 24 Hour...
rajputriyana310
(AISHA) Wagholi Call Girls Just Call 7001035870 [ Cash on Delivery ] Pune Esc...
(AISHA) Wagholi Call Girls Just Call 7001035870 [ Cash on Delivery ] Pune Esc...
ranjana rawat
NO1 Verified kala jadu karne wale ka contact number kala jadu karne wale baba...
NO1 Verified kala jadu karne wale ka contact number kala jadu karne wale baba...
Amil baba
Call Girls Pune Airport Call Me 7737669865 Budget Friendly No Advance Booking
Call Girls Pune Airport Call Me 7737669865 Budget Friendly No Advance Booking
tanu pandey
Alandi Road ( Call Girls ) Pune 6297143586 Hot Model With Sexy Bhabi Ready ...
Alandi Road ( Call Girls ) Pune 6297143586 Hot Model With Sexy Bhabi Ready ...
tanu pandey
Último
(20)
VIP Model Call Girls Bhosari ( Pune ) Call ON 8005736733 Starting From 5K to ...
VIP Model Call Girls Bhosari ( Pune ) Call ON 8005736733 Starting From 5K to ...
VIP Model Call Girls Chakan ( Pune ) Call ON 8005736733 Starting From 5K to 2...
VIP Model Call Girls Chakan ( Pune ) Call ON 8005736733 Starting From 5K to 2...
Sustainable Packaging
Sustainable Packaging
Training Of Trainers FAI Eng. Basel Tilapia Welfare.pdf
Training Of Trainers FAI Eng. Basel Tilapia Welfare.pdf
CSR_Tested activities in the classroom -EN
CSR_Tested activities in the classroom -EN
Verified Trusted Kalyani Nagar Call Girls 8005736733 𝐈𝐍𝐃𝐄𝐏𝐄𝐍𝐃𝐄𝐍𝐓 Call 𝐆𝐈𝐑𝐋 𝐕...
Verified Trusted Kalyani Nagar Call Girls 8005736733 𝐈𝐍𝐃𝐄𝐏𝐄𝐍𝐃𝐄𝐍𝐓 Call 𝐆𝐈𝐑𝐋 𝐕...
DENR EPR Law Compliance Updates April 2024
DENR EPR Law Compliance Updates April 2024
Call Girls Ramtek Call Me 7737669865 Budget Friendly No Advance Booking
Call Girls Ramtek Call Me 7737669865 Budget Friendly No Advance Booking
Call Girl Nagpur Roshni Call 7001035870 Meet With Nagpur Escorts
Call Girl Nagpur Roshni Call 7001035870 Meet With Nagpur Escorts
Call Girls Jejuri Call Me 7737669865 Budget Friendly No Advance Booking
Call Girls Jejuri Call Me 7737669865 Budget Friendly No Advance Booking
Hot Call Girls 🫤 Malviya Nagar ➡️ 9711199171 ➡️ Delhi 🫦 Whatsapp Number
Hot Call Girls 🫤 Malviya Nagar ➡️ 9711199171 ➡️ Delhi 🫦 Whatsapp Number
VIP Model Call Girls Viman Nagar ( Pune ) Call ON 8005736733 Starting From 5K...
VIP Model Call Girls Viman Nagar ( Pune ) Call ON 8005736733 Starting From 5K...
BOOK Call Girls in (Dwarka) CALL | 8377087607 Delhi Escorts Services
BOOK Call Girls in (Dwarka) CALL | 8377087607 Delhi Escorts Services
Contact Number Call Girls Service In Goa 9316020077 Goa Call Girls Service
Contact Number Call Girls Service In Goa 9316020077 Goa Call Girls Service
Proposed Amendments to Chapter 15, Article X: Wetland Conservation Areas
Proposed Amendments to Chapter 15, Article X: Wetland Conservation Areas
Call Girls In Bloom Boutique | GK-1 ☎ 9990224454 High Class Delhi NCR 24 Hour...
Call Girls In Bloom Boutique | GK-1 ☎ 9990224454 High Class Delhi NCR 24 Hour...
(AISHA) Wagholi Call Girls Just Call 7001035870 [ Cash on Delivery ] Pune Esc...
(AISHA) Wagholi Call Girls Just Call 7001035870 [ Cash on Delivery ] Pune Esc...
NO1 Verified kala jadu karne wale ka contact number kala jadu karne wale baba...
NO1 Verified kala jadu karne wale ka contact number kala jadu karne wale baba...
Call Girls Pune Airport Call Me 7737669865 Budget Friendly No Advance Booking
Call Girls Pune Airport Call Me 7737669865 Budget Friendly No Advance Booking
Alandi Road ( Call Girls ) Pune 6297143586 Hot Model With Sexy Bhabi Ready ...
Alandi Road ( Call Girls ) Pune 6297143586 Hot Model With Sexy Bhabi Ready ...
149065471 traccion01
1.
873/DERUDWRULRGH5HVLVWHQFLDGH0DWHULDOHV± *XtDGH/DERUDWRULR (ODERUDGDSRU*DEULHODOOH7UXMLOOR
75$,Ï1 (16$2 '(7(50,1$,Ï1'(/$63523,('$'(60(È1,$6'(/26 0$7(5,$/(6 2%-(7,92 '(/ (16$2'HWHUPLQDU H[SHULPHQWDOPHQWH ODV SURSLHGDGHVPHFiQLFDV OtPLWHV GH SURSRUFLRQDOLGDG HODVWLFLGDG IOXHQFLD URWXUD
2.
SDUD WUHV PDWHULDOHV
GH FRQVWUXFFLyQ GHPiTXLQDVSDUDHOFDVRGHVROLFLWDFLyQDWUDFFLyQ 216,'(5$,21(67(Ï5,$6*(1(5$/(6 6H GHQRPLQD WUDFFLyQ D[LDO HO FDVR GH VROLFLWDFLyQ GH XQ FXHUSR GRQGH ODV IXHU]DV H[WHULRUHV DFW~DQ D OR ODUJR GHO PLVPR (Q HVWH FDVR HQ ODV VHFFLRQHV WUDQVYHUVDOHV GHO FXHUSREDUUD
3.
DSDUHFHVyORXQDIXHU]DORQJLWXGLQDOWUDQVYHUVDOODVIXHU]DVWUDQVYHUVDOHV PRPHQWRV QR
HVWiQ SUHVHQWHV (VWD IXHU]D WUDQVYHUVDO GH DFXHUGR DO PpWRGR GH ODV VHFFLRQHV
4.
HVLJXDODODVXPDDOJHEUDLFDGHODVIXHU]DVH[WHUQDVTXHDFW~DQGHXQODGRGHOD VHFFLyQ)LJ
5.
1GLDJUDPD D D
W E E W 1 W W W W )LJ'HWHUPLQDFLyQGHXQFDVRGHWUDFFLyQD[LDOSRUHOPpWRGRGHODVVHFFLRQHV 6H GHQRPLQD HVIXHU]R WHQVLyQ
6.
OD IXHU]D LQWHULRU
HQ HVWH FDVR1
7.
FRUUHVSRQGLHQWH D OD
XQLGDGGHVXSHUILFLHHQXQSXQWRGHXQVHFFLyQGDGD3DUDHOFDVRGHWUDFFLyQD[LDOTXHQRV RFXSDHOHVIXHU]RHVWiGHWHUPLQDGRSRUODHFXDFLyQ V 1 $
8.
GRQGH V HVHOHVIXHU]RQRUPDO1P@1HVODIXHU]DD[LDO1@$HVHOiUHDGHODVHFFLyQP@
8QD YH] REWHQLGR SRU OD IyUPXOD
9.
HO HVIXHU]R HQ
OD VHFFLyQ SHOLJURVD GH XQD EDUUD WUDFFLRQDGD HV SRVLEOH HYDOXDU OD UHVLVWHQFLD GH OD PLVPD SRU PHGLR GH OD OODPDGD FRQGLFLyQGHUHVLVWHQFLD 1 V d V @ $
10.
11.
873/DERUDWRULRGH5HVLVWHQFLDGH0DWHULDOHV± *XtDGH/DERUDWRULR (ODERUDGDSRU*DEULHODOOH7UXMLOOR
GRQGHV@HVHOHVIXHU]RSHUPLVLEOHTXHDVXYH]VHGHWHUPLQDSRUODUHODFLyQ V @ VOtP Q
12.
GRQGHVOtP HVHOHVIXHU]ROtPLWHGHOPDWHULDOQ HVHOFRHILFLHQWHGHVHJXULGDG
(O HVIXHU]R OtPLWH VH GHWHUPLQD H[SHULPHQWDOPHQWH HV XQD SURSLHGDG GHOPDWHULDO 6H FRQVLGHUD FRPR HVIXHU]R OtPLWH HO OtPLWH GH UHVLVWHQFLD URWXUD
13.
HQ HO FDVR
GHPDWHULDOHV IUiJLOHVHOOtPLWHGHIOXHQFLDHQHOFDVRGHPDWHULDOHVSOiVWLFRV(OFRHILFLHQWHGHVHJXULGDG VH LQWURGXFH SDUD FRQVHJXLU XQ IXQFLRQDPLHQWR VHJXUR GH ODV HVWUXFWXUDV VXV SDUWHV D SHVDUGHODVSRVLEOHVGHVYLDFLRQHVGHVIDYRUDEOHVGHWUDEDMRHQFRPSDUDFLyQFRQODVTXHVH FRQVLGHUDQHOFiOFXORVHJ~QODIyUPXOD
14.
15.
/RVHQVDRVDWUDFFLyQVHUHDOL]DQSDUDREWHQHUODVFDUDFWHUtVWLFDVPHFiQLFDVGHOPDWHULDO 0HGLDQWH HO
HQVDR VH WUD]D HO GLDJUDPD GH OD UHODFLyQ TXH H[LVWH HQWUH OD IXHU]D) TXH HVWLUDODSUREHWDHODODUJDPLHQWR'O
16.
GHpVWD3DUDTXHORVUHVXOWDGRVGHORVHQVDRVTXH VH UHDOL]DQ
FRQ SUREHWDV GHO PLVPR PDWHULDO SHUR GH GLVWLQWDV GLPHQVLRQHV VHDQ FRPSDUDEOHVHOGLDJUDPDGHWUDFFLyQVHOOHYDDRWURVLVWHPDGHFRRUGHQDGDV(QHO HMHGH ODVRUGHQDGDVVHFRORFDHOYDORUGHOHVIXHU]RQRUPDOTXHVXUJHHQODVHFFLyQWUDQVYHUVDOGH V ) ODSUREHWD $ GRQGH$HVHOiUHDLQLFLDOGHODVHFFLyQGHODSUREHWDVREUHHOHMHGH H 'O ODV DEVFLVDV ORV DODUJDPLHQWRV XQLWDULRV O GRQGH O HV OD ORQJLWXG LQLFLDO GH OD SUREHWD (VWH GLDJUDPD VH GHQRPLQD GLDJUDPD FRQYHQFLRQDO GH WUDFFLyQ GLDJUDPD GH HVIXHU]RV FRQYHQFLRQDOHV y GH LQJHQLHUtD
17.
SXHVWR TXH ORV
HVIXHU]RV ORV DODUJDPLHQWRV XQLWDULRVVHFDOFXODQUHVSHFWLYDPHQWHUHIHUHQWHDOiUHDLQLFLDOGHODVHFFLyQDODORQJLWXG LQLFLDOGHODSUREHWD )LJ'LDJUDPDHV SDUDXQDFHURGXOFH (QODILJXUDHVWiUHSUHVHQWDGRHQHOVLVWHPDGHFRRUGHQDGDVH VHOGLDJUDPDGHWUDFFLyQ GH XQD SUREHWD GH DFHUR GH EDMR FRQWHQLGR GH FDUERQR RPR VH SXHGH REVHUYDU HQ HO WUDPR $ GHO GLDJUDPD ODV GHIRUPDFLRQHV FUHFHQ SURSRUFLRQDOPHQWH D ORV HVIXHU]RV FXDQGRpVWRVVRQLQIHULRUHVDFLHUWRYDORUVS OODPDGROtPLWHGHSURSRUFLRQDOLGDG$VtSXHV KDVWD HO OtPLWH GH SURSRUFLRQDOLGDG HV YiOLGD OD OH GH+RRNH(Q HO FDVRGHODFHUR$,6,
18.
873/DERUDWRULRGH5HVLVWHQFLDGH0DWHULDOHV± *XtDGH/DERUDWRULR (ODERUDGDSRU*DEULHODOOH7UXMLOOR
HOOtPLWHGHSURSRUFLRQDOLGDGHVVS # NJIFP $ODXPHQWDUODFDUJDHOGLDJUDPDUHVXOWDDFXUYLOtQHR6LQHPEDUJRVLORVHVIXHU]RVQR VRQVXSHULRUHVDFLHUWRYDORUVH GHQRPLQDGROtPLWHGHHODVWLFLGDGHOPDWHULDOFRQVHUYDVXV SURSLHGDGHVHOiVWLFDVHVGHFLUTXHDOGHVFDUJDUODSUREHWDpVWDUHFXSHUDVXGLPHQVLyQVX IRUPDLQLFLDOHV(OOtPLWHGHHODVWLFLGDGRHOiVWLFRGHODFHUR$,6,HVVH # NJFP (Q OD SUiFWLFD QR VH KDFH GLVWLQFLyQ HQWUH VS VH SXHVWR TXH ORV YDORUHV GH OtPLWH GH SURSRUFLRQDOLGDGGHOOtPLWHGHHODVWLFLGDGVHGLIHUHQFLDQPXSRFR $O VHJXLU DXPHQWDQGR OD FDUJD OOHJD XQPRPHQWR SXQWR
19.
FXDQGR ODV GHIRUPDFLRQHV
FRPLHQ]DQ D DXPHQWDU VLQ XQ FRUUHVSRQGLHQWH FUHFLPLHQWR VHQVLEOH GH OD FDUJD(O WUDPR KRUL]RQWDO ' GHO GLDJUDPD VH GHQRPLQD HVFDOyQ GHIOXHQFLD (O HVIXHU]R TXH VH GHVDUUROOD HQ HVWH FDVR HV GHFLU FXDQGR WDV GHIRUPDFLRQHV FUHFHQ VLQ DXPHQWR GH OD FDUJDVHGHQRPLQDOtPLWHGHIOXHQFLDVHGHVLJQDSRUVI (OOLPLWHGHIOXHQFLDGHODFHUR $,6,HVVI # NJFP (Q HO FDVR GH FLHUWRVPDWHULDOHV HO GLDJUDPD GHWUDFFLyQ QRWLHQHXQHVFDOyQGHIOXHQFLD ELHQ DFHQWXDGR 3DUD HVWRV PDWHULDOHV VH LQWURGXFH HO OODPDGR OtPLWH FRQYHQFLRQDO GH IOXHQFLD6HGHQRPLQDOtPLWHFRQYHQFLRQDOGHIOXHQFLDHOHVIXHU]RFRUUHVSRQGLHQWHDXQD GHIRUPDFLyQUHVLGXDOGHO(VWHOtPLWHVHGHQRWDSRUV 'HVSXpV GH TXH OD SUREHWD UHFLEH FLHUWR DODUJDPLHQWR EDMR XQD FDUJD FRQVWDQWH HV GHFLU GHVSXpV GH SDVDU HO HVWDGR GH IOXHQFLD HO PDWHULDO GH QXHYR DGTXLHUH OD FDSDFLGDG GH RSRQHUVHDODODUJDPLHQWRHOPDWHULDOVHHQGXUHFH
20.
HOGLDJUDPDXQDYH]UHEDVDGRHOSXQWR ' DVFLHQGH
DXQTXH FRQ PHQRV LQWHQVLGDG TXH DQWHV )LJ
21.
(O SXQWR (
GHO GLDJUDPD FRUUHVSRQGH DO HVIXHU]R FRQYHQFLRQDO Pi[LPR TXH VH GHQRPLQD OtPLWH GH UHVLVWHQFLD R UHVLVWHQFLDWHPSRUDO(QHOFDVRGHODFHUR $,6, HOOtPLWHGHUHVLVWHQFLDHVVU NJFP VHHPSOHD WDPELpQ OD QRWDFLyQVX
22.
(Q ORV DFHURV
GH DOWD UHVLVWHQFLD HO OtPLWH GH UHVLVWHQFLD OOHJD D VHU NJFP DFHUR WLSR RWURV
23.
(O OtPLWH GH
UHVLVWHQFLDDODWUDFFLyQVHGHVLJQDSRUVUW HOGHUHVLVWHQFLDDODFRPSUHVLyQSRUVUW XDQGRHOHVIXHU]RVHLJXDODDOOtPLWHGHUHVLVWHQFLDHQODSUREHWDVHREVHUYDXQDUHGXFFLyQ EUXVFD ORFDO GH OD VHFFLyQ HQ IRUPD GH FXHOOR (O iUHD GH OD VHFFLyQ GLVPLQXH V~ELWDPHQWHHQHOOXJDUGHOFXHOORFRPRFRQVHFXHQFLDVHUHGXFHODIXHU]DHOHVIXHU]R FRQYHQFLRQDO/DURWXUDGHODSUREHWDRFXUUHSRUODVHFFLyQPHQRUGHOFXHOOR 352(',0,(172 3DUDREWHQHUODVSURSLHGDGHVPHFiQLFDVGHORVPDWHULDOHVGHODVSUREHWDVVHGHEHVRPHWHU pVWDVDWUDFFLyQD[LDOPHGLUODVYDULDEOHVIXHU]D)DODUJDPLHQWR'OyG
24.
DLQFUHPHQWRV FRQRFLGRVGHIXHU]DRGHIRUPDFLyQRQORVGDWRVREWHQLGRVFRQVWUXLUORVJUiILFRV) G
H V SRU ~OWLPR UHDOL]DU XQ WUDWDPLHQWRJUiILFRGHpVWRVSDUDREWHQHUORVSDUiPHWURV EXVFDGRVVS VH V VU
25.
873/DERUDWRULRGH5HVLVWHQFLDGH0DWHULDOHV± *XtDGH/DERUDWRULR (ODERUDGDSRU*DEULHODOOH7UXMLOOR
0$48,1$5,$0$7(5,$/(6(,167580(1726'(0(','$ 3UREHWDV 6H XVDUiQ WUHV SUREHWDV GH LJXDOHV GLPHQVLRQHV 6LQ HPEDUJR HV DFRQVHMDEOH SUHFLVDUHOGLiPHWURGHWUDEDMR‡PP
26.
DOUHDOL]DUHOHQVDRGHFDGDSUREHWD )LJ'LPHQVLRQHVSULQFLSDOHVGHODVSUREHWDVPHGLGDVHQPP
27.
1yWHVH WDPELpQ TXH
ODV SUREHWDV XVDGDV HQ QXHVWUR /DERUDWRULR QR FRLQFLGHQ FRQ ODV UHFRPHQGDGDVHQHOHVWiQGDU$670(FRQV~OWHVHGLFKRHVWiQGDUZZZDVWPRUJ
28.
/RV PDWHULDOHVGHIDEULFDFLyQGHODVSUREHWDVVRQ$FHURGHEDMRFDUERQR/DWyQ$OHDFLyQ GH$OXPLQLR
0È48,1$81,9(56$/'((16$2:30=' )LJ9LVWDJHQHUDOGHODPiTXLQDGHHQVDRV /DLQVWDODFLyQGHHQVDRVHFRPSRQHGH 0iTXLQDGHHQVDRHQVttWHP)LJ
29.
3DQHOGHFRQWURO
30.
/D PiTXLQD
HO SDQHO GH FRQWURO HVWiQ XQLGRV HQWUHVtSRUOtQHDVKLGUiXOLFDVHOpFWULFDV /DPiTXLQDGHHQVDRFRQVWDGH %DVHD
31.
0DUFRVXVSHQGLGRFRQODVSODFDV
32.
XQLGDVVROLGDULDPHQWH SRUGRVFROXPQDVD
33.
3ODFDGHDOWXUDDMXVWDEOHD
34.
3ODFDGHJXtD
35.
5HJOHWDRWURVGLVSRVLWLYRV GHPHGLGD
36.
'LVSRVLWLYRVGHVXMHFLyQDJDUUH
37.
(OSDQHOGHFRQWUROFRQVWD 6LVWHPDKLGUiXOLFRGHDSOLFDFLyQGH
FDUJD 'LQDPyPHWURGLVSRVLWLYRGHPHGLFLyQ GHODFDUJD
38.
FRQFDUiWXOD
39.
7DEOHURGHFRQWURO
40.
41.
873/DERUDWRULRGH5HVLVWHQFLDGH0DWHULDOHV± *XtDGH/DERUDWRULR (ODERUDGDSRU*DEULHODOOH7UXMLOOR
6HXVDODPiTXLQDXQLYHUVDOGHHQVDR:30='HQODFXDOVHSXHGHQUHDOL]DUHQVDRV GHWUDFFLyQFRPSUHVLyQIOH[LyQFRQHOREMHWRGHGHWHUPLQDUODVSURSLHGDGHVGH PXFKRV PDWHULDOHV/DPiTXLQDWUDEDMDKLGUiXOLFDPHQWHHVDFFLRQDGDSRUXQPRWRUHOpFWULFRHVWR SDUD OD SDUWH HQFDUJDGD GH OD DSOLFDFLyQ GH OD FDUJD D ODV SUREHWDV SDUD OD SDUWH GH PHGLFLyQODPiTXLQDGHHQVDRVHVWiHTXLSDGDGHXQGLQDPyPHWURFRQEDUUDDWRUVLyQGH EDMDLQHUFLD D TXHHO VLVWHPD KLGUiXOLFR YHU HVTXHPD )LJ
42.
SRVHHXQFLOLQGURGHVLPSOHHIHFWRDO DSOLFDUSUHVLyQKLGUiXOLFDODSODFD
43.
³VXEH´UHDOL]DQGRXQDDFFLyQGHFRPSUHVLyQFRQWUDOD SODFD DMXVWDEOH
D
44.
3DUD SRGHU UHDOL]DU
XQD DFFLyQ GH WUDFFLyQ OD PiTXLQD SRVHH XQ ³LQYHUVRU´4XHFRQVWDGHODVSODFDV
45.
XQLGDVVROLGDULDPHQWHSRUODVFROXPQDVD
46.
(OIXQFLRQDPLHQWRGHGLFKRGLVSRVLWLYRVHPXHVWUDHQOD)LJ )LJ,QYHUVRUGHXQDPiTXLQDXQLYHUVDOGHHQVDRV
(OVLVWHPDKLGUiXOLFRFRQVWDGHGRVSDUWHVVLVWHPDGHSRWHQFLDVLVWHPDGHPHGLFLyQ$ FRQWLQXDFLyQVHPXHVWUDHOVLVWHPDKLGUiXOLFRGHODPiTXLQD)LJ
47.
FDEHDGYHUWLUTXHHVWH HVTXHPDQRSUHWHQGHFRUUHVSRQGHUDODVLPERORJtD,62 )LJ(VTXHPDKLGUiXOLFRJHQHUDOGHODPiTXLQDXQLYHUVDO:30='
48.
873/DERUDWRULRGH5HVLVWHQFLDGH0DWHULDOHV± *XtDGH/DERUDWRULR (ODERUDGDSRU*DEULHODOOH7UXMLOOR
/DERPEDGHDOWDSUHVLyQ
49.
VXFFLRQDHODFHLWHGHOGHSyVLWR
50.
ORHQYtDSRUODOtQHDGH DOWD SUHVLyQ
KDFLD HO FLOLQGUR GH WUDEDMR
51.
HO SLVWyQ GHO
FXDO HPSLH]D D OHYDQWDUVH 6L GXUDQWHHVWHPRYLPLHQWRHOSLVWyQHQFXHQWUDDOJXQDUHVLVWHQFLDSRUHMHPSORODSUREHWDHVWi LQVWDODGDHQWUHODVSODFDV
52.
ODSUHVLyQHQHOFLOLQGURGHWUDEDMRVXELUiKDFLHQGRTXHHOSLVWyQ HMHU]DXQDIXHU]DFUHFLHQWHDSOLFDGDDODSUREHWDKDVWDFDXVDUODURWXUDGHODPLVPDRKDVWD ODIXHU]DTXHVHDQHFHVDULDHQHOHQVDR(QODOtQHDVHFXQGDULDGHODOtQHDGHDOWDSUHVLyQVH
HQFXHQWUD OD YiOYXOD GH DSOLFDFLyQ GH OD FDUJD y VRVWHQLPLHQWR
53.
HVWD YiOYXOD WUDEDMD
FRPR XQD YiOYXOD GH GHVFDUJD GH VREUHIOXMR HV GHFLU DO VXSHUDU OD SUHVLyQ HQOD OtQHD OD SUHVLyQSDUDODTXHpVWDHVWiUHJXODGDHODFHLWHGHVFDUJDDOGHSyVLWR/DUHJXODFLyQGHHVWD YiOYXOD VH UHDOL]D PDQXDOPHQWH DQWHULRUPHQWH HUD SRVLEOH DFFLRQDUOD SRU PHGLR GH XQ PRWRUGHYHORFLGDGYDULDEOH
54.
SDUDDXPHQWDU DYROXQWDGRVRVWHQHUODIXHU]DUHDOL]DGDVREUH ODSUREHWD/DYiOYXOD
55.
HVXQDYiOYXODGHGHVFDUJDTXHDFW~DFRPRYiOYXODGHVHJXULGDG /RVHVFDSHVGHDFHLWHHQWUHHOSLVWyQHOFLOLQGURGHWUDEDMRVRQFROHFWDGRVSRUODERPED DX[LOLDUUHWRUQDGRVDOGHSyVLWR
3DUDODPHGLFLyQGHODIXHU]DHMHUFLGDDODSUREHWDODPiTXLQDSRVHHXQGLQDPyPHWURGH EDUUDGHWRUVLyQHVWHGLQDPyPHWURFRQVWDGHGRVSDUWHVKLGUiXOLFDPHFiQLFD /DSDUWHKLGUiXOLFDSXHGHREVHUYDUVHHQOD)LJ/DSUHVLyQGHWUDEDMRHQHOFLOLQGUR
56.
HV FRQGXFLGD DO
VHOHFWRU GH UDQJR GH FDUJD
57.
YiOYXOD GLVWULEXLGRUD GH
SRVLFLRQHV FRUUHVSRQGLHQWHVDWRQHODGDVPi[LPDVGHFDUJD
58.
GHDOOtDOFLOLQGURGHPHGLFLyQ DSURSLDGR
59.
SDUDDFWXDUVREUHODEDUUDGHWRUVLyQGHOGLQDPyPHWUR (Q OD
)LJ VH PXHVWUD XQ HVTXHPD GH IXQFLRQDPLHQWR GHO GLQDPyPHWUR /D EDUUD GH WRUVLyQ
60.
SRVHHXQH[WUHPRILMR
61.
6REUHHOVHJXQGRH[WUHPRSRUPHGLRGHODSDODQFD SHUSHQGLFXODU
62.
VHDSOLFDXQDIXHU]DSURSRUFLRQDODODSUHVLyQGHOOtTXLGRHQHOFLOLQGURGH WUDEDMRGHODPiTXLQD)LJ
63.
/DXQLyQHQWUHHOFLOLQGURHOGLQDPyPHWURVHUHDOL]DFRQ DXGDGHFLOLQGURVDGLFLRQDOHVGHpPERORVP ORVPLVPRV
64.
GHOD)LJ
65.
/RVFXDOHVVH FRQHFWDQGHDFXHUGRDODSRVLFLyQGHODYiOYXODVHOHFWRUD
66.
ODPLVPD
67.
GHOD)LJ
68.
DGHFXDGDDPHGLFLRQHVHQGLVWLQWDVJDPDVGHIXHU]D )LJ(VTXHPDGHGLQDPyPHWURWRUVLRQDO
69.
873/DERUDWRULRGH5HVLVWHQFLDGH0DWHULDOHV± *XtDGH/DERUDWRULR (ODERUDGDSRU*DEULHODOOH7UXMLOOR
XDQWRPiVGLVWDQWHHVWiHOFLOLQGURGHODEDUUDGHWRUVLyQ
70.
WDQWRPDRUHVHOEUD]RGHOD SDODQFD
71.
D PDRU iQJXOR
VH SXHGH JLUDU ³WRUVLRQDU´
72.
OD EDUUD
73.
(VWD ~OWLPD HVWi
XQLGD DO LQGLFDGRU GH FDUiWXOD
74.
SRU PHGLR GH
XQD WUDQVPLVLyQ GH UXHGD GHQWDGD FUHPDOOHUD(OUHJLVWUDGRU
75.
VHHQFXHQWUDIXHUDGHVHUYLFLRHQQXHVWUDPiTXLQD (Q FRQFOXVLyQ
ODPHGLFLyQ GH OD YDULDEOH IXHU]D VH UHDOL]D GLUHFWDPHQWH HQ HO GLDO GH OD PiTXLQDXQLYHUVDO(VWDPHGLFLyQHVWDGDGDHQNJI ,167580(1726219(1,21$/(6'(0(','$ 3DUD OD PHGLFLyQ GH ODV GLPHQVLRQHV LQGLFDGDV HQ OD )LJ VH XVDQ LQVWUXPHQWRV FRQYHQFLRQDOHVGHPHGLFLyQ(OFDOLEUDGRU9HUQLHU)LJ
76.
HOPLFUyPHWUR)LJ
77.
)LJDOLEUDGRU9HUQLHU )LJ0LFUyPHWUR (OFDOLEUDGRUVHXVDSDUDODPHGLFLyQGHGLPHQVLRQHVLQWHULRUHVH[WHULRUHVSURIXQGLGDGHV
FRQSUHFLVLyQGHPP(OPLFUyPHWURVHXVDSDUDODPHGLFLyQGHGLPHQVLRQHVH[WHULRUHV FRQSUHFLVLyQGHPP /DPHGLFLyQGHORVDODUJDPLHQWRVGHIRUPDFLyQWRWDOG
78.
GHODSUREHWDVHHIHFW~DPLGLHQGR HOGHVSOD]DPLHQWRGHODVFROXPQDVD)LJ
79.
GHOLQYHUVRUFRQUHVSHFWRDODSODFDDMXVWDEOH D)LJ
80.
TXHGXUDQWHHOHQVDRVHPDQWLHQHILMD(VWDPHGLFLyQVHUHDOL]DSRUPHGLRGH XQFRPSDUDGRUGHFDUiWXOD)LJ
81.
HOFXDOSHUPLWHUHDOL]DUPHGLFLRQHVGHGHVSOD]DPLHQWRV FRQSUHFLVLyQGHPP )LJRPSDUDGRUGHFDUiWXOD
82.
873/DERUDWRULRGH5HVLVWHQFLDGH0DWHULDOHV± *XtDGH/DERUDWRULR (ODERUDGDSRU*DEULHODOOH7UXMLOOR
(O FRPSDUDGRU GH FDUiWXOD VH ILMD D XQD GH ODV FROXPQDV GHO LQYHUVRU SRUPHGLR GH XQD EDUUDXQPDJQHWR6XSXQWDSDOSDGRUDGHEHHVWDUFRQWUDtGDFDVLHQVXWRWDOLGDGWRFDQGR ODFDUDVXSHULRUGHODSODFDDMXVWDEOHD)LJ0iTXLQDXQLYHUVDOGHHQVDRV
83.
$OXVDU HVWH HVTXHPD
GH PHGLFLyQ )LJ
84.
HO LQVWUXPHQWR WUDEDMDUi
D WUDFFLyQ VH GHEH SRQHU PXFKDDWHQFLyQDTXHODOHFWXUDGHOLQVWUXPHQWRVHKDUiHQVHQWLGRFRQWUDULRDODKDELWXDO $OJXQRVGHORVFRPSDUDGRUHVSRVHHQXQDHVFDODHQVHQWLGRFRQWUDULRGHQRWDGDSRUFLIUDVGH PHQRUWDPDxR )LJ(VTXHPDGHPHGLFLyQGHODVGHIRUPDFLRQHVGHODSUREHWD (QFRQFOXVLyQODPHGLFLyQGHODYDULDEOHGHIRUPDFLyQVHUHDOL]DFRQDXGDGHOFRPSDUDGRU LQVWDODGR HQWUH HO SXHQWH OD FROXPQD (VWD PHGLFLyQ HVWDUi GDGD HQ FHQWpVLPDV GH PLOtPHWUR 5($/,=$,Ï1'(/(16$2 RPR HO HQVDR VH UHDOL]D EDMR OD HVWULFWD VXSHUYLVLyQ GLUHFFLyQ GHO SURIHVRU PRQLWRUVyORVHGDUiQDTXtDOJXQDVUHFRPHQGDFLRQHVDGLFLRQDOHV RPRVHSXHGHYHUHQOD)LJHOSHVRGHOLQYHUVRUHVVRSRUWDGRSRUHOFLOLQGURGH WUDEDMR (VWD IXHU]D GHEH VHU ³H[FOXLGD´ GH OD PHGLFLyQ UHDOL]DGD SRU HO GLQDPyPHWUR3RUHVWRHVLPSRUWDQWHUHDOL]DUFRQVXPRFXLGDGRHODMXVWHGHFHUR GHOGLQDPyPHWURFDGDYH]TXHVHUHDOL]DXQFDPELRGHUDQJRGHFDUJD (O FRPSDUDGRU GHEH VHU UHWLUDGR SUHVWDPHQWH FXDQGR ODV GHIRUPDFLRQHV GH ODV SUREHWDVVHDQH[DJHUDGDV6HGHEHWHQHUFXLGDGRGHQRGHVSOD]DUHOSXHQWHGHDOWXUD DMXVWDEOHFXDQGRHOFRPSDUDGRUHVWpLQVWDODGR 3DUDODHVFRJHQFLDGHOUDQJRGHFDUJDSRVLFLyQGHOD SDODQFD)LJ
85.
VHGHEHQ KDFHUXQRVFiOFXORVDSUR[LPDGRVSUHOLPLQDUHVXVDQGRODIyUPXOD
86.
FRQHOREMHWR GHGHWHUPLQDUODSUREDEOHFDUJDGHURWXUDSDUDFDGDSUREHWDHVGHFLU 3DUDODSUREHWDGHDFHUR
87.
)U U $
NJ I V ˜ ˜ S ˜ # WRPDQGR HO VU NJIFP FRPR HVIXHU]R GH URWXUD GHO DFHUR GH EDMR FDUERQR6WLRSLQ
88.
89.
873/DERUDWRULRGH5HVLVWHQFLDGH0DWHULDOHV± *XtDGH/DERUDWRULR (ODERUDGDSRU*DEULHODOOH7UXMLOOR
3DUDODSUREHWDGHODWyQ
90.
)U U $
NJ I V ˜ ˜ S ˜ # 3DUDODSUREHWDGHDOHDFLyQGHDOXPLQLR
91.
)U U $
NJ I V ˜ ˜ S ˜ # (Q FRQFOXVLyQ SDUD ODV GRV SULPHUDV SUREHWDV XWLOL]DUHPRV HO UDQJR GH FDUJDV GH WRQHODGDV3DUDODWHUFHUDSUREHWD$OHDFLyQGH$OXPLQLR
92.
XWLOL]DUHPRVHOUDQJRGHFDUJDGH WRQHODGDV5HJLVWUDUHPRVORVGDWRVGHGHIRUPDFLyQFDGDNJI
3DUDODWRPDGHGDWRVHVFRQYHQLHQWHSUHSDUDUODVLJXLHQWHWDEODSDUDFDGDXQDGH ODVSUREHWDV 7DEOD 0DWHULDOGHODSUREHWDBBBBBBBBBBBBBBBBBBBB 'LiPHWURGHODVHFFLyQBBBBBBBBBBBBPP DUJD)
93.
NJI@ 'HIRUPDFLyQG
94.
FHQWpVLPDVGHPP@
)XHU]DGHURWXUDBBBBBBBBBNJI 3DUD OD VXMHFLyQ GH ODV SUREHWDV VH XVDQ WXHUFDV GH VXSHUILFLH HVIpULFD HVWDV VH DSRDQHQODVVXSHUILFLHVLQWHULRUHVGHORVDJDUUHV)LJ/RVWUDEDMRVGHPRQWDMH VHKDUiQEDMRODVLQGLFDFLRQHVGHOPRQLWRUHOSURIHVRU
95.
873/DERUDWRULRGH5HVLVWHQFLDGH0DWHULDOHV± *XtDGH/DERUDWRULR (ODERUDGDSRU*DEULHODOOH7UXMLOOR
)LJ'LVSRVLWLYRGHVXMHFLyQGHXQDSUREHWDURVFDGD 75$7$0,(172(,17(535(7$,Ï1'(/26'$726 /RVGDWRVFRQVLJQDGRVHQODWDEODVHWUDVODGDQDXQDKRMDHOHFWUyQLFDGHFiOFXOR([FHO SRU HMHPSOR
96.
SDUD UHDOL]DU ORV
FiOFXORV GH HVIXHU]R GHIRUPDFLyQ XQLWDULD FRQYHQFLRQDO YHUHMHPSORWDEODHVWRVFiOFXORVSXHGHQVHUWDPELpQUHDOL]DGRVDPDQR
97.
7DEOD 0DWHULDOGHODSUREHWDBBB$FHURBBBBB DUJD
)
98.
NJI@ 'HIRUPDFLyQ G
99.
FHQWpVLPDVGH PP@ (VIXHU]R
FRQYHQFLRQDO V
100.
NIJFP@ 'HIRUPDFLyQ XQLWDULD
FRQYHQFLRQDO H
101.
PPPP@
( ( 6HGHEHVHUFXLGDGRVRFRQHOWUDWDPLHQWRGHODVXQLGDGHVSRUHMHPSORSDUDHOFiOFXORGHORV HVIXHU]RVFRQYHQFLRQDOHVLQWURGXFLUHOYDORUGHOiUHDLQLFLDOGHODVHFFLyQGHODSUREHWDHQ FP@
102.
873/DERUDWRULRGH5HVLVWHQFLDGH0DWHULDOHV± *XtDGH/DERUDWRULR (ODERUDGDSRU*DEULHODOOH7UXMLOOR
/XHJRVHFRQVWUXHQORVJUiILFRV) G H V DVHDHQ([FHOHTXLYDOHQWHRDPDQRHQ SDSHOPLOLPHWUDGR
103.
3DUDODGHWHUPLQDFLyQGHORVSDUiPHWURVH[LJLGRVHQORVREMHWLYRVGHO HQVDRVHUHDOL]DXQWUDWDPLHQWRJUiILFRGHODVUHODFLRQHVREWHQLGDV /tPLWHGHSURSRUFLRQDOLGDG
(OYDORUDSUR[LPDGRGH)S IXHU]DOtPLWHGHSURSRUFLRQDOLGDG
104.
VHSXHGHGHWHUPLQDUSRUHO SXQWR GRQGH
FRPLHQ]D OD GLYHUJHQFLD HQWUH OD FXUYD GH WUDFFLyQ OD FRQWLQXDFLyQ GHO VHJPHQWR UHFWLOtQHR YHU )LJ
105.
6H FRQVLGHUD FRPR
)S HO YDORU HQ FXD SUHVHQFLD OD GHVYLDFLyQ GH OD GHSHQGHQFLD OLQHDO HQWUH OD FDUJD HO DODUJDPLHQWR DOFDQ]D FLHUWD PDJQLWXG )LJ 'HWHUPLQDFLyQJUiILFDGH)S *HQHUDOPHQWH OD WROHUDQFLD SHUPLWLGD HQ OD GHWHUPLQDFLyQ GH )S HV GDGD SRU XQD GLVPLQXFLyQGHODWDQJHQWHGHOiQJXORGHLQFOLQDFLyQIRUPDGRSRUODOtQHDWDQJHQFLDOOD FXUYDGHWUDFFLyQHQHOSXQWR3 FRQHOHMHGHGHIRUPDFLyQHQFRPSDUDFLyQFRQODWDQJHQWH HQHOWUDPRLQLFLDOHOiVWLFR/DPDJQLWXGGHODWROHUDQFLDQRUPDOL]DGDHVGHXQ XDQGRODHVFDODGHOGLDJUDPDGHWUDFFLyQ) G
106.
HVVXILFLHQWHPHQWHJUDQGHODPDJQLWXG GHOOtPLWHGHSURSRUFLRQDOLGDGVHSXHGHGHWHUPLQDUHQIRUPDJUiILFDGLUHFWDPHQWHHQHVWH GLDJUDPD)LJ
107.
(QSULPHUWpUPLQRVHSURORQJDHOWUDPRUHFWLOtQHRKDVWDVXLQWHUVHFFLyQFRQHOHMHGHODV GHIRUPDFLRQHV HQ
HO SXQWR2 HO FXDO HV WRPDGR FRPR XQ QXHYR RULJHQ GH FRRUGHQDGDV H[FOXHQGR GH HVWD PDQHUD DOJXQD DOWHUDFLyQ TXH SXHGD SURGXFLUVH GHELGR D XQD LQVXILFLHQWHULJLGH]GHODPiTXLQDHQHOSULPHUWUDPRGHOGLDJUDPD/XHJRVHSXHGHXVDUHO VLJXLHQWH SURFHGLPLHQWR (Q XQD DOWXUD DUELWUDULD HQ ORV OtPLWHV GHO GRPLQLR HOiVWLFR VH WUD]D XQDKRUL]RQWDO$% SHUSHQGLFXODUDOHMHGHODVFDUJDVYpDVHOD)LJ
108.
OXHJRVHWUD]D HQHOODHOVHJPHQWR% $%HQVHJXLGDVHWUD]DODOtQHD2(QHVWDVFRQGLFLRQHV
WDQ D¶ WDQ D 6L GHVSXpV GH HVWR VH WUD]D XQD WDQJHQWH D OD FXUYD GH WUDFFLyQ TXH VHD SDUDOHOD D HQWRQFHVHOSXQWRGHWDQJHQFLD3 GHWHUPLQDUiODPDJQLWXGGHODFDUJDEXVFDGD)SYpDVHOD )LJ
109.
(OYDORUGHVS VHGHWHUPLQD
110.
873/DERUDWRULRGH5HVLVWHQFLDGH0DWHULDOHV± *XtDGH/DERUDWRULR (ODERUDGDSRU*DEULHODOOH7UXMLOOR
)S $ V S OXHJRHVWHYDORUGHEHVHULGHQWLILFDGRGHQRWDGRHQODJUiILFDH V /tPLWHGHHODVWLFLGDG (OVLJXLHQWHSXQWRFDUDFWHUtVWLFRHQHOGLDJUDPDGHWUDFFLyQFRUUHVSRQGHDXQDFDUJDSRUOD FXDO VH FDOFXOD HO OtPLWH GH HODVWLFLGDG FRQYHQFLRQDOHV GHFLU HO HVIXHU]R FRQ TXH HO DODUJDPLHQWRUHVLGXDODOFDQ]DXQDPDJQLWXGSUHILMDGDTXHJHQHUDOPHQWHHVGHXQ VLHQGR D YHFHV PHQRU KDVWD GH XQ 'H HVWD PDQHUD HO OtPLWH GH HODVWLFLGDG FDUDFWHUL]D HO HVIXHU]R FRQ OD FXDO VXUJHQ ODV SULPHUDV VHxDOHV GH OD GHIRUPDFLyQ PDFURSOiVWLFD'HELGRDODSHTXHxDWROHUDQFLDSHUPLWLGDHQFXDQWRDODODUJDPLHQWRUHVLGXDO HV PX GLItFLO GHWHUPLQDU VH FRQ OD VXILFLHQWH H[DFWLWXG SRU HO GLDJUDPD SULPDULR GH WUDFFLyQ 3RU HVR HQ ORV FDVRV HQ TXH QR VH H[LJH XQD HOHYDGD H[DFWLWXG HO OtPLWH GH HODVWLFLGDGVHWRPDLJXDODOOtPLWHGHSURSRUFLRQDOLGDG /tPLWHGHIOXHQFLD (QFDVRGHDXVHQFLDHQHOGLDJUDPDGHWUDFFLyQGHO³HVFDOyQ´GHIOXHQFLDFRPRHVQXHVWUR FDVR
111.
VH FDOFXOD HO
OtPLWH GH IOXHQFLD FRQYHQFLRQDO R VHD HO HVIXHU]R FRQ HO FXDO HO DODUJDPLHQWR UHVLGXDO DOFDQ]D XQD PDJQLWXG GDGD JHQHUDOPHQWH GH (VWH OtPLWH GH IOXHQFLDVHGHQRWDFRPRV 3RUFXDQWRODWROHUDQFLDDODODUJDPLHQWRSDUDHOFiOFXORGHOOLPLWHGHIOXHQFLDFRQYHQFLRQDO HVUHODWLYDPHQWHJUDQGHVHGHWHUPLQDJHQHUDOPHQWHHQIRUPDJUiILFDPHGLDQWHHOGLDJUDPD GHWUDFFLyQ3DUDHVWRHQHOHMHGHORVDODUJDPLHQWRVGHVGHHORULJHQGHODVFRRUGHQDGDVVH PLGHXQVHJPHQWR 2. O )LJ'HWHUPLQDFLyQJUiILFDGH) GRQGHO HVODORQJLWXGLQLFLDOGHODSUREHWDYHU)LJ
112.
DWUDYpVGHOSXQWR.VHWUD]DXQD OtQHDUHFWDTXHHVSDUDOHODDOVHJPHQWRUHFWLOtQHRGHOGLDJUDPD)LJ
113.
/DRUGHQDGDGHO SXQWRYDDFRUUHVSRQGHUDODPDJQLWXGGHODFDUJD)TXHGHWHUPLQDHOOLPLWHGHIOXHQFLD
114.
873/DERUDWRULRGH5HVLVWHQFLDGH0DWHULDOHV± *XtDGH/DERUDWRULR (ODERUDGDSRU*DEULHODOOH7UXMLOOR
FRQYHQFLRQDO $ ) V OXHJRHVWHYDORUGHEHVHULGHQWLILFDGRGHQRWDGRHQODJUiILFDH V /tPLWHGHUHVLVWHQFLD (OOtPLWHGHUHVLVWHQFLDVHFDOFXODDSDUWLUGHODIXHU]DPi[LPDFRQVLJQDGDHQODDJXMDGH IXHU]DPi[LPD GH OD FDUiWXOD GHO GLQDPyPHWUR (VWH GDWR GHEH VHU DSXQWDGR OXHJR GH OD UHDOL]DFLyQGHFDGDHQVDR )U $ V U OXHJRHVWHYDORUGHEHVHULGHQWLILFDGRGHQRWDGRHQODJUiILFDH V ,1)250( 'H PDQHUD SDUWLFXODU HO LQIRUPH VREUH HO HQVDR '(7(50,1$,Ï1 '( /$6 3523,('$'(60(È1,$6'(/260$7(5,$/(6GHEHFRQWHQHU
115.
2EMHWLYR
116.
RQVLGHUDFLRQHV WHyULFDV JHQHUDOHV
'HILQLFLyQGHORVOtPLWHVGHSURSRUFLRQDOLGDG HODVWLFLGDGIOXHQFLDUHVLVWHQFLD
117.
0DTXLQDULD(VTXHPDKLGUiXOLFRGHODPiTXLQD:30=')LJ
118.
,GHQWLILFDUORV FRPSRQHQWHV
119.
3UREHWDV'LEXMR GHODVPLVPDV)LJ
120.
FRPSDUDFLyQFRQODSUREHWD$670
121.
,QVWUXPHQWRVGH0HGLGD(VTXHPDGHOGLQDPyPHWUR)LJ
122.
(VTXHPDGHPHGLFLyQ GHODVGHIRUPDFLRQHV)LJ
123.
1RPEUDUVDEHUUHFRQRFHU
124.
ORVRWURVLQVWUXPHQWRV GHPHGLGDXVDGRV
125.
*UiILFD )
G
126.
SDUD FDGD SUREHWD
FRQ HO WUDWDPLHQWR JUiILFR UHDOL]DGR SDUD OD REWHQFLyQGHORVUHVXOWDGRV
127.
*UiILFD H
V
128.
SDUD FDGD SUREHWD
FRQ ORV UHVXOWDGRV GH ORV HVIXHU]RV OtPLWHV GHQRWDGRVHQODPLVPD
129.
7DEODGHUHVXOWDGRV VS NJIFP@y03D@
VI V
130.
NJIFP@y03D@ VU NJIFP@y03D@
H[S OLW H[S OLW H[S OLW $FHUR /DWyQ $OHDFLyQ$O RQFOXVLyQ
Baixar agora