Baixe o app para aproveitar ainda mais
Prévia do material em texto
(7,2/2*,$ 2�YtUXV�GD�GHQJXH�p�XP�51$�YtUXV��GR�JrQHUR�)ODYLYLUXV��6mR���VRURWLSRV� �'(1���������������H������LJXDOPHQWH�FDSD]HV�GH�FDXVDU�D�GRHQoD�WDQWR�HP�VXD�IRUPD� EUDQGD�FRPR�QD�IRUPD�JUDYH�� $�LQIHFomR�HVWLPXOD�LPXQLGDGH�HVSHFtILFD�SHUPDQHQWH�H�LPXQLGDGH�FUX]DGD�D�FXUWR� SUD]R�� 75$160,662 2�YHWRU�p�R�PRVTXLWR�$HGHV�DHJ\SWL� R�TXDO�WHP�KiELWRV�XUEDQRV�H�ID]�FULDGRXURV�HP� FROHo}HV�GH�iJXD��2�UHVHUYDWyULR�p�R�KRPHP�� &LFOR��XP�LQGLYtGXR�FRP�YLUHPLD��YtUXV�FLUFXODQWH��QmR�QHFHVVDULDPHQWH� DSUHVHQWDQGR�VLQWRPDV���p�SLFDGR�SHOR�PRVTXLWR��TXH�DGTXLUH�R�YtUXV��'HQWUR� GR�PRVTXLWR�RFRUUH�R�SHUtRGR�GH�LQFXEDomR�H[WUtQVHFR��TXH�GXUD�HP�PpGLD���� GLDV��(QWmR�R�PRVTXLWR�SLFD�XP�VHJXQGR�LQGLYtGXR��QmR�GRHQWH���WUDQVPLWLQGR�R� YtUXV��RFRUUH�HQWmR�R�SHUtRGR�GH�LQFXEDomR�LQWUtQVHFR��TXH�GXUD�HQWUH���H��� GLDV��'HSRLV�GHVVH�SHUtRGR��Ki�GRHQoD� ͻ (3,'(0,2/2*,$ 6D]RQDOLGDGH��SHUtRGR�GH�FKXYDV�GH�GH]HPEUR�D�DEULO�ͻ &LUFXODomR�GR�VRURWLSR��HP�FDGD�WHPSRUDGD��FLUFXODP�VRURWLSRV�GLIHUHQWHV�� (P�������'(1���IRL�SUHGRPLQDQWH��$WXDOPHQWH�p�R�'(1����LVVR�YDL�JHUDU� XPD�QRYD�HSLGHPLD��Mi�TXH�D�PDLRULD�GRV�LQGLYtGXRV�VmR�LPXQHV�VRPHQWH� DR�'(1���� ż ͻ ,QFLGrQFLD�YDULDGD�QRV�~OWLPRV�DQRV� (P�PpGLD��GHSRLV�GH�XPD�JUDQGH�HSLGHPLD��WHP�VH�XPD�TXHGD�QR� Q~PHUR�GH�FDVRV�SHORV�����DQRV�VHJXLQWHV��LVVR�SRUTXH�PXLWRV�LQGLYtGXRV� Mi�DGTXLULUDP�LPXQLGDGH��� ż ͻ )RUPD�KHPRUUiJLFD�RFRUUH�HP�PHLR�DV�IRUPDV�FOiVVLFDV�ͻ &DVRV�LPSRUWDGRV��PDLRULD�YLQGD�GR�OLWRUDO�SDXOLVWD��06�H�07��H�DXWyFWRQHV��ͻ 'HQJXH�QR�PXQGR��PHWDGH�GD�SRSXODomR�PXQGLDO�YLYH�HP�iUHD�GH�ULVFR�GH� WUDQVPLVVmR�GH�GHQJXH�� ͻ $�WD[D�GH�OHWDOLGDGH�YDULD�HQWUH���H������ͻ $35(6(17$d2�&/Ë1,&$ ',1Æ0,&$�'$�'2(1d$ �ĞŶŐƵĞ ĚŽŵŝŶŐŽ͕�Ϯ�ĚĞ�ĨĞǀĞƌĞŝƌŽ�ĚĞ�ϮϬϮϬ ϮϬ͗ϱϳ ',1Æ0,&$�'$�'2(1d$ �$�GHQJXH�p�XPD�GRHQoD�Vy� ����GLDV��SHUtRGR�GH�YLUHPLD��IHEUH�DOWD�H�IRUWH�WHQGrQFLD�j�GHVLGUDWDomR� ����GLDV��TXHGD�GH�WHPSHUDWXUD�FRUSyUHD��SHUtRGR�FUtWLFR� !�ULVFR�GH�FRPSOLFDo}HV� SRU�H[WUDYDVDPHQWR�GH�SODVPD� !�FKRTXH�KLSRYROrPLFR��1RV�H[DPHV�ODERUDWRULDLV� Ki�DXPHQWR�VLJQLILFDWLYR�GR�KHPDWyFULWR�H�GLPLQXLomR�DFHQWXDGD�GH�SODTXHWDV�� �����GLDV��UHDEVRUomR�GH�SODVPD��SURGXomR�GH�,J0��DXPHQWR�GR�Q~PHUR�GH� SODTXHWDV��IDVH�GH�FRQYDOHVFrQFLD�� &/Ë1,&$ 6XVSHLWD�FOtQLFD�� 3URFHVVR�IHEULO�FRP�GXUDomR�GH���D���GLDV�DVVRFLDGR�D���RX�PDLV�GRV�VLQWRPDV� DEDL[R� $UWUDOJLDż 0LDOJLDż &HIDOHLDż 'RU�UHWURUELWiULDż ([DQWHPDż 1iXVHDV�H�Y{PLWRż 3HWpTXLD�RX�SURYD�GR�ODoR�SRVLWLYRż /HXFRSHQLD�ż ͻ (YLGrQFLD�HSLGHPLROyJLFD��YLYH�RX�HVWHYH�QRV�~OWLPRV����GLDV�HP�iUHD�GH�W[�RX� $HGHV ͻ &ULDQoDV��IHEUH�GH���D���GLDV�FRP�HYLGrQFLD�HSLGHPLROyJLFD�H�VHP�IRFR�GH� LQIHFomR�DSDUHQWH� ͻ 'HQJXH�VHP�JUDYLGDGH��FOiVVLFD�� SDFLHQWH�FRP�VLQWRPDV�FOiVVLFRV��VHP� JUDQGHV�DOWHUDo}HV�QR�KHPRJUDPD� 'HQJXH�FRP�VLQDO�GH�DOHUWD� RV�VLQDLV�H�VLQWRPDV�VmR�VXJHVWLYRV�GD�SURJUHVVmR�� GR�DJUDYDPHQWR�GD�GRHQoD�H�DSDUHFHP�QR�SHUtRGR�GH�GHIHUYHFrQFLD�GD�IHEUH� 'RU�DEG�LQWHQVD�H�FRQWtQXD��HVSRQWkQHD�RX�j�SDOSDomRͻ 9{PLWRV�SHUVLVWHQWHVͻ $F~PXOR�GH�OtTXLGRVͻ 6DQJUDPHQWR�GH�PXFRVDVͻ /HWDUJLD�RX�LUULWDELOLGDGHͻ +LSRWHQVmR�SRVWXUDOͻ +HSDWRPHJDOLD��!�FP�ͻ $XPHQWR�SURJUHVVLYR�GR�KHPDWyFULWRͻ 4XHGD�DEUXSWD�GDV�SODTXHWDV�ͻ 'HQJXH�JUDYH��KHPRUUiJLFD� &KRTXH�SRU�H[WUDYDVDPHQWR�GH�SODVPD 7DTXLFDUGLDż ([WUHPLGDGHV�IULDVż 3XOVR�GpELOż (QFKLPHQWR�FDSLODU��!� �ż 'LIHUHQFLDO�3$�����PP+Jż +LSRWHQVmR�DUWHULDOż (GHPD�GH�SXOPmR��ż ͻ 6DQJUDPHQWR�JUDYH� +HPDWHPHVH��PHOHQD��PHWURUUDJLD��VDQJUDPHQWR�GR�61&�ż ͻ &RPSURPHWLPHQWR�GH�yUJmRV� +HSDWLWHż ͻ 0LRFDUGLWHż $OWHUDomR�GD�FRQVFLrQFLDż ',$*1Ï67,&2 /DERUDWRULDO�� 6RURORJLD��SHVTXLVD�GH�,J0�SRU�(/,6$��D�SDUWLU�GR���RX����GLDż 9LURORJLD��SHVTXLVD�GR�$J�SRU�LVRODPHQWR�YLUDO��3&5��WHVWH�UiSLGR�H�RX� LPXQRKLVWRTXtPLFD�� ż ͻ &OtQLFR�HSLGHPLRORJLFR��p�SRVVtYHO�DSyV�VH�DWLQJLU�D�LQFLGrQFLD�GH�FRUWH� HVWDEHOHFLGD�SDUD�FDGD�PXQLFtSLR�HP�XPD�HSLGHPLD�� ͻ 6XUWRV��FDVRV�PHVPR�TXH�QmR�LQYHVWLJDGRV�TXH�SRVVXDP�YtQFXOR�FRP�FDVRV� FRQILUPDGRV� ͻ ',$*1Ï67,&2�',)(5(1&,$/��+LUDQ��WHP�XP�PRQWH�QR�VOLGH�GHOH��PDV�HX� FRORTXHL���GH�FDGD�ST�VHL�TXH�QmR�YRX�GHFRUDU�PDLV�TXH�LVVR��VH�p�TXH�YRX�GHFRUDU� LVVR�� 6tQGURPH�)HEULO� URWDYLURVH��PHQLQJLWH��OHSWRVSLURVH���ͻ 6tQGURPH�H[DQWHPiWLFD� VDUDPSR��UXEpROD��DOHUJLDV���ͻ 6tQGURPH�KHPRUUiJLFD� PHQLQJRFRFFHPLD��VHSWLFHPLD�H�IHEUH�DPDUHOD�ͻ 6tQGURPH�GR�FKRTXHͻ 0$1(-2�'2�3$&,(17(�&20�'(1*8( 2�REMHWLYR�SULQFLSDO�p�SHUPLWLU�D�GHWHFomR�GH�FDVRV�FRP�SRWHQFLDO�GH�HYROXomR�JUDYH�� LQWHUYHQomR�WHUDSrXWLFD�H�GHWHUPLQDomR�GH�FULWpULRV�SDUD�D�LQWHUQDomR�� 'RHQWH�EXVFD�DWHQGLPHQWR�UHODWDQGR�VLQWRPDV��$R�H[DPH�ItVLFR��EXVFDU�VLQDLV� GH�DOHUWD��DIHULU�D�3$�HP���SRVLo}HV��SURFXUDU�VDQJUDPHQWRV��LQFOXLQGR�SURYD�GR� ODoR��H�VROLFLWDU�KHPRJUDPD�� ͻ $SyV�R�DWHQGLPHQWR��ILFDP����TXHVW}HV�� e�GHQJXH"ż 7HP�VDQJUDPHQWRV"ż $SUHVHQWD�DOJXP�VLQDO�GH�DOHUWD"ż 7HP�FKRTXH"ż ͻ (QWmR��FODVVLILFD�VH�R�SDFLHQWH�� *UXSR�$��VXVSHLWD�GH�GHQJXH��SURYD�GR�ODoR�QHJDWLYD��VHP�PDQLIHVWDo}HV� KHPRUUiJLFD�H�VHP�VLQDLV�GH�DOHUWD�� &RQGXWD��UHLGUDWDomR�RUDO��������P/�.J�GLD���6HQGR�TXH�����GR� YROXPH�WRWDO�p�FRP�VROXomR�VDOLQD��652��H�RV�����UHVWDQWHV�FRP� OtTXLGRV�FDVHLURV��5HFHLWDU�GLSLURQD�SDUDFHWDPRO��2ULHQWDU�VREUH�RV� PHGLFDPHQWRV�TXH�QmR�SRGHP�VHU�XWLOL]DGRV��$$6�H�DQWL� LQIODPDWyULRV���VREUH�D�UHWLUDGD�GRV�FULDGRXURV�GR�PRVTXLWR�H�VREUH� RV�VLQDLV�GH�DOHUWD� � ż *UXSR�%��VXVSHLWD�GH�GHQJXH�FRP�SURYD�GR�ODoR�SRVLWLYD�RX�PDQLIHVWDo}HV� KHPRUUiJLFDV�RX�VLWXDo}HV�HVSHFLDLV��LGRVRV��JHVWDQWHV��ODFWHQWHV�� GLDEpWLFRV��KLSHUWHQVRV��GRHQWH�UHQDO�FU{QLFD��SRUWDGRUHV�GH�'$,V�����VHP� VLQDLV�GH�DOHUWD� &RQGXWD��KHPRJUDPD��REULJDWyULR���HQTXDQWR�R�KHPRJUDPD�p� SUHSDUDGR��R�SDFLHQWH�ILFD�HP�DPELHQWH�KRVSLWDODU�UHFHEHQGR� KLGUDWDomR�92�� 6H�R�+0*�HVWLYHU�QRUPDO��R�SDFLHQWH�GHYH�UHFHEHU�KLGUDWDomR� RUDO�FRQIRUPH�JUXSR�$�H�GHYH�VHU�DJHQGDGD�QRYD�DYDOLDomR�� ප 6H�R�+0*�HVWLYHU�FRP�DOWHUDomR�GH�KHPDWyFULWR��R�SDFLHQWH� SDVVD�SDUD�R�JUXSR�&�� ප � ż ͻ *UXSR�&��SDFLHQWH�FRP�VXVSHLWD�GH�GHQJXH�H�SUHVHQoD�GH�VLQDLV�GH�DOHUWD &RQGXWD��KLGUDWDomR�SDUHQWHUDO�LQGHSHQGHQWH�GR�ORFDO�GH� DWHQGLPHQWR��HP�GXDV�IDVHV��D�GH�H[SDQVmR�H�D�GH�PDQXWHQomR�� $FRPSDQKDPHQWR�H�PDQWHU�HP�KLGUDWDomR�SRU�QR�PtQLPR���K�� )DVH�GH�([SDQVmR�����P/�.J�HP��K��DWp���[�ප )DVH�GH�0DQXWHQomR�����P/�.J�HP��K�H���K�ප � ż *UXSR�'��SDFLHQWH�DSUHVHQWDQGR�KLSRWHQVmR�DUWHULDO�RX�HVWUHLWDPHQWR�GH� 3$�RX�VLQDLV�GH�FKRTXH RX�GHVFRQIRUWR�UHVSLUDWyULR�RX�GLVIXQomR�JUDYH�GH� yUJmRV�� ż (QWUH�RV�VLQDLV�GH�FKRTXH��R�PDLV�SUHFRFH�p�R� SLQoDPHQWR�HVWUHLWDPHQWR�GD�3$��� &RQGXWD��KLGUDWDomR�SDUHQWHUDO�LQGHSHQGHQWH�GR�ORFDO�GH� DWHQGLPHQWR��LQWHUQDomR�HP�VHUYLoR�GH�UHIHUrQFLD�FRP�87,�H� UHDYDOLDomR�FOtQLFD�D�FDGD����RX�QR�Pi[LPR����PLQXWRV�� � &5,7e5,26�'(�,17(51$d2 3UHVHQoD�GH�VLQDLV�GH�DOHUWDͻ 3UHVHQoD�GH�VLQDLV�GH�FKRTXH�ͻ 'HVFRQIRUWR�UHVSLUDWyULRͻ 5HFXVD�GH�LQJHVWD�KtGULFDͻ 3ODTXHWDV������PLO��PHVPR�TXH�VHP�VDQJUDPHQWR�ͻ &R�PRUELGDGHV��,&&�H�,5&��SULQFLSDOPHQWH�ͻ &LDQRVHͻ 3HVVRDV�TXH�PRUDP�VR]LQKDV�ͻ 2XWUDV�VLWXDo}HV�D�FULWpULR�GR�PpGLFRͻ &5,7e5,26�'(�$/7$ $XVrQFLD�GH�IHEUH�SRU���K�ͻ (VWDELOLGDGH�KHPRGLQkPLFD�ͻ +HPDWyFULWR�HVWiYHO�Ki���K�ͻ 3ODTXHWDV�HP�HOHYDomR�H�DFLPD�GH������ͻ 0HOKRUD�YLVtYHO�GR�TXDGUR�FOtQLFRͻ (648(0,1+$�/,1'2
Compartilhar