3DJHRI
1RYHPEHU9HUVLRQ*D
/=6$,QVWDOODWLRQ0DQXDO
,7$/,$12
1RUPHJHQHUDOLGLVLFXUH]]D
6,35(*$',/(**(5(/(1250(',6,&85(==$
0DQXWHQ]LRQH
,OFOLHQWHQRQSXzHVHJXLUHDOFXQDPDQXWHQ]LRQHVXTXHVWLSURGRWWL/HVHFX]LRQHGHOOHHYHQWXDOLULSDUD]LRQLq
FRQVHQWLWDVRORD7'./DPEGD8./7'HDLVXRLDJHQWLDXWRUL]]DWL
&RPSRQHQWLFULWLFL
1RQVLDXWRUL]]DOXVRGLTXHVWLSURGRWWLFRPHFRPSRQHQWLFULWLFLDOOLQWHUQRGLVLVWHPLGLFRQWUROORQXFOHDULVLVWHPL
QHFHVVDULDOODVRSUDYYLYHQ]DRDSSDUHFFKLDWXUHGHVWLQDWHDOOLPSLHJRLQDPELHQWLSHULFRORVLVHQ]DOHVSOLFLWD
DSSURYD]LRQHVFULWWDGHOO$PPLQLVWUDWRUH'HOHJDWRGL7'./DPEGD(0($
8VRGHLSURGRWWL
4XHVWLSURGRWWLVRQRSURJHWWDWLSHUOXVRDOOLQWHUQRGLXQDSSDUHFFKLDWXUDRVSLWHFKHOLPLWLODFFHVVRDOVRORSHUVRQDOH
FRPSHWHQWHHDXWRUL]]DWR
4XHVWRSURGRWWRqGDFRQVLGHUDUVLFRPHXQDOLPHQWDWRUHSURIHVVLRQDOHFRPSRQHQWHHFRPHWDOHGHYHHVVHUH
LQVWDOODWRGDSHUVRQDOHTXDOLILFDWRDOOLQWHUQRGLDOWUHDSSDUHFFKLDWXUHHQRQSXzHVVHUHXWLOL]]DWRFRPHSURGRWWR
LQGLSHQGHQWH
4XHVWRSURGRWWRQRQqLQWHVRSHUODYHQGLWDDOGHWWDJOLRRDJOLXWLOL]]DWRULILQDOL
4XHVWRDOLPHQWDWRUHqGDFRQVLGHUDUVLFRPHXQFRPSRQHQWHHFRPHWDOHQRQqDVVRJHWWDWRGDJOLVFRSLGHOODGLUHWWLYD
(0&&RQIRUPLWjDOODGLUHWWLYD(0&GHYHHVVHUHFRQVLGHUDWDQHOOLQVWDOOD]LRQHILQDOHGLXWLOL]]R*OLXIILFLGL7'.
/DPEGD6DV6XFFXUVDOH,WDOLDQDVRQRDYRVWUDGLVSRVL]LRQHSHUXOWHULRULUDJJXDJOL
&RQGL]LRQLDPELHQWDOL
4XHVWLSURGRWWLVRQRFODVVLILFDWLFRPH,3;GXQTXHQRQGHYRQRHVVHUHXWLOL]]DWLVRVWDQ]HFKLPLFKHVROYHQWLSURGRWWL
SHUODSXOL]LDROLTXLGLGLDOWUDQDWXUD
$PELHQWH
4XHVWRSURGRWWRqXQDOLPHQWDWRUHDFRPPXWD]LRQHGHVWLQDWRDOOXVRLQDSSOLFD]LRQLULHQWUDQWLLQDPELHQWLFRQOH
VHJXHQWLFDUDWWHULVWLFKH/LYHOORLQTXLQDPHQWR&DWHJRULDVRYUDWHQVLRQH,,4XHVWRSURGRWWRFRQWLHQHVFKHGHGL
FLUFXLWLVWDPSDWLLQPDWHULDOLGL*UXSSR,,,E
&DULFRLQXVFLWD
/DSRWHQ]DLQXVFLWDRWWHQXWDGDOODOLPHQWDWRUHQRQGHYHVXSHUDUHODSRWHQ]DQRPLQDOHLQGLFDWDVXOODWDUJKHWWD
GHOODOLPHQWDWRUHIDWWRVDOYRGRYHLQGLFDWRQHLOLPLWLSHULSURGRWWRVSHFLILFDWLLQTXHVWRPDQXDOH
3DUDPHWULGLDOLPHQWD]LRQH
4XHVWRSURGRWWRGHYHHVVHUHXWLOL]]DWRHQWURLSDUDPHWULGLDOLPHQWD]LRQHLQGLFDWLQHLOLPLWLSHULOSURGRWWRVSHFLILFDWL
LQTXHVWRPDQXDOH
6PDOWLPHQWR
/XQLWjFRQWLHQHFRPSRQHQWLFKHULFKLHGRQRSURFHGXUHVSHFLDOLGLVPDOWLPHQWR$FFHUWDUVLFKHOXQLWjYHQJDVPDOWLWD
LQPRGRFRUUHWWRDOWHUPLQHGHOODYLWDXWLOHHQHOULVSHWWRGHOOHQRUPDWLYHORFDOL
5,6&+,2',6&266$(/(775,&$
$YYHUWLPHQWRGLDOWDWHQVLRQH
$OOLQWHUQRGHOODOLPHQWDWRUHVRQRSUHVHQWLWHQVLRQLSHULFRORVH*OLLQVWDOODWRULSURIHVVLRQDOLGHYRQRSURWHJJHUHLO
SHUVRQDOHGLPDQXWHQ]LRQHGDOULVFKLRGLFRQWDWWRDFFLGHQWDOHFRQTXHVWHWHQVLRQLSHULFRORVHDOOLQWHUQR
GHOODSSDUHFFKLDWXUDILQDOH
$77(1=,21(
6HLQVWDOODWRLQXQ¶DWWUH]]DWXUDGLFODVVH,TXHVWRSURGRWWRGHYHHVVHUHFROOHJDWRDWHUUDLQPRGR
DIILGDELOHHGLQVWDOODWRLQPRGRSURIHVVLRQDOH
