%5$6,/
'LVSOD\/('
/LJDGR3RZHU2Q /('$]XO2Q
(PSDUHOKDPHQWR
/HG$]XOSLVFDUiSLGR
(PSDUHOKDGR
/('$]XOSLVFDOHQWR
$8;,1VWDQGE\
%7
/('$]XOSLVFDOHQWR
'HVOLJDGR3RZHU
2II
/('9HUPHOKRSLVFDHGHVOLJD
&DUUHJDQGR
/('9HUPHOKR2QGHSRLVGHVOLJDTXDQGR
HVWLYHUWRGRFDUUHJDGR
%DWHULD)UDFD
/('YHUPHOKRSLVFDOHQWRYHU%DWHULD
FDUUHJDQGR
(PSDUHOKDPHQWRGH%OXHWRRWK
/LJXHR63%7HGHSRLVSUHVVLRQHHVHJXUHRERWmR
HR
/('D]XOSLVFDOHQWR4XDQGRFRPHoDDSLVFDUUiSLGRLVWR
VLJQLILFDTXHHVWiHQWUDQGRQRPRGRHPSDUHOKDPHQWR
4XDQGRYRFrDWLYDVXDIXQomR%OXHWRRWKHOHFRPHoDDSURFXUDUR
GLVSRVLWLYR 9RFrYDLHQFRQWUDU³63%7´QDOLVWDGH
GLVSRVLWLYRV%OXHWRRWKHGHSRLVSRGHFRQHFWiOR
4XDQGRRHPSDUHOKDPHQWRHVWLYHUSURQWRR/('D]XOLUiSLVFDU
OHQWR
1RWD$PDLRULDGRVGLVSRVLWLYRVUHTXHUDFRORFDomRGRFyGLJRSLQ
&DVRYRFrSUHFLVHGLJLWH
³´
1RWD$SyVWHUUHDOL]DGRRHPSDUHOKDPHQWRXPDYH]SDUD
UHFRQHFWDURDOWRIDODQWHEDVWDOLJDURDOWRIDODQWHHSUHVVLRQDUH
VHJXUDURERWmR
'HSRLVDJXDUGHRERWmRLQWHUPLWHQWHSLVFDUHVROWH
RERWmR6HQmRIXQFLRQDUYROWHHUHSLWDRVSDVVRVH