+ All Categories
Transcript

jDQV

&(175('(/2,6,56('8&$7,)3(5,(7(;75$6&2/$,5( 6$,173$8/(79$/0$//(

7pO OHV)UDQFDV DOVKVDLQWSDXO#IUDQFDVIU

$VVRFLDWLRQ'pSDUWHPHQWDOHGHV )UDQFDVGHO¶+pUDXOW

/H&DSLWROHQ UXHGHV%RXJDLQYLOOpHV

0RQWSHOOLHU 7pO

DVVRFLDWLRQGHSDUWHPHQWDOH#IUDQFDVIU ZZZIUDQFDVIU

SXEOLF

HQFDGUpHV

9RXV SRXYH] LQVFULUH YRWUH HQIDQW DXSUqV GX UHVSRQVDEOH GX FHQWUH GH ORLVLUV OHVMRXUVG¶RXYHUWXUHRXELHQHQHQYR\DQWYRVGRFXPHQWVSDUFRXUULHOj

DOVKVDLQWSDXO#IUDQFDVIU $WWHQWLRQOHQRPEUHGHSODFHVHVWUHVWUHLQWOHPHUFUHGLjHQIDQWVGHjDQVHWHQIDQWVGHjDQV/HVUpVLGDQWVj6DLQW3DXOHW9DOPDOOHVRQWSULRULWDLUHVSXLVOHVHQIDQWVG¶$UJHOOLHUV /HVGRFXPHQWVjIRXUQLUORUVGHOLQVFULSWLRQVRQW · /DILFKHG¶LQVFULSWLRQFL-MRLQWHUHQVHLJQpHOHVUpVHUYDWLRQV · /DSKRWRFRSLHGXFDUQHWGHVDQWpGHYRWUHHQIDQWYDFFLQDWLRQV · 8QFKqTXHGHHXURVSRXUO¶DGKpVLRQDQQXHOOHDX[)UDQFDV REOLJDWRLUH · /H SDLHPHQW FRUUHVSRQGDQW j OD SpULRGH G¶LQVFULSWLRQ HQ OLTXLGH RX HQ FKqTXH j

O¶RUGUHGHV)UDQFDVGHO¶+pUDXOW&(68HW$1&9DFFHSWpDLQVLTXHERQVGHVFRPLWpVG¶HQWUHSULVH

· 9RWUH QXPpUR G¶DOORFDWDLUH &$) HW YRWUH GHUQLHU DYLV G¶LPSRVLWLRQ VXU OH UHYHQXVLSRVVLEOH

&RQWDFWGXGLUHFWHXU

'DQVOHFDGUHGHODPLVHHQ°XYUHGHODUpIRUPHGHVU\WKPHVpGXFDWLIVODFRPPXQHGH6DLQW3DXOHW9DOPDOOHDGpOpJXpDX[)UDQFDVGHO¶+pUDXOWO¶RUJDQLVDWLRQHWO¶DQLPDWLRQGHVWHPSVSpULHWH[WUDVFRODLUHV 3RXUFHWWH UHQWUpHVFRODLUH ODFRPPXQHDFKRLVLGH UHYHQLUj ODVHPDLQHGHMRXUVFHTXLPRGLILHOHU\WKPHVFRODLUHHWGRQFH[WUD-VFRODLUH7$3VXSSULPpHVFHQWUHGHORLVLUVRXYHUWWRXWHODMRXUQpHOHPHUFUHGL /H FHQWUH GH ORLVLUV pGXFDWLI IRQFWLRQQHUD OHVPHUFUHGLV HW OHV YDFDQFHV VFRODLUHVVHPDLQHVXUGHX[DFFXHLOOHUDOHVHQIDQWVkJpVGHjDQVVFRODULVpVj6DLQW 3DXO HW 9DOPDOOH HW j $UJHOOLHUV jSDUWLUGX VHSWHPEUH HWMXVTX¶DXMXLOOHW

/HFHQWUHGHORLVLUVH[WUDVFRODLUHDXUDOLHXGDQVOHVORFDX[GHO¶pFROHGH6DLQW3DXOHW9DOPDOOH /HVWHPSVG¶DFFXHLOVVRQWOHVVXLYDQWV · 0HUFUHGLHWMRXUVGHYDFDQFHVGHKjK«$77(17,21SUpYRLUXQUH

SDVIURLGSRXUYRWUHHQIDQW /¶pTXLSHVHUDFRPSRVpHG¶DQLPDWHXUGLSOPpVGHVSURJUDPPHVG¶DFWLYLWpVVHURQWpWDEOLVDYHFOHVHQIDQWVjFKDTXHSpULRGH/HSUHPLHUYRXVVHUDHQYR\pVGqVTXHSRVVLEOHSDUFRXUULHO

1275(&(175('(/2,6,56 · Q¶HVWSDVXQHJDUGHULH

· Q¶HVWSDVXQFHQWUHGHFRQVRPPDWLRQG¶DFWLYLWpV

· Q¶HVWSDVXQSDUFG¶DWWUDFWLRQERQPDUFKp

· Q¶HVWSDVXQHpFROHDSUqVO¶pFROH

'DQVQRWUHFHQWUHGHORLVLUVYRVHQIDQWVIRQWGHQRXYHOOHVGpFRXYHUWHV

UDVVHPEOHQW

/HV)UDQFDVVRQWXQHDVVRFLDWLRQ8QHFRWLVDWLRQDQQXHOOHGH¼SDUIDPLOOHYRXVHVWGHPDQGpHjO¶LQVFULSWLRQGHYRVHQIDQWV 9RXV VHUH] DLQVL GHVWLQDWDLUH GH QRV UHYXHV HW LQIRUPDWLRQV HW SRXUUH] YRXV H[SULPHUORUVGHQRWUHDVVHPEOpHJpQpUDOHDQQXHOOH

5(6(59$7,21

120««««««««««««««««««««««««««««« 35(120««««««««««««««««««««««««««« rPDWHUQHO rpOpPHQWDLUH $ILQTXHQRXVSXLVVLRQVSUpSDUHUDXPLHX[FHVWHPSVOjPHUFLGHFRFKHUOHVMRXUVGHSUpVHQFHTXHYRXVVRXKDLWH]

3(5,2'(6(37(0%5(2&72%5(

$VVRFLDWLRQ'pSDUWHPHQWDOHGHV)UDQFDVGHO¶+pUDXOW /HFDSLWROHQ

UXHGHV%RXJDLQYLOOpHV 0RQWSHOOLHU 7pO

DVVRFLDWLRQGHSDUWHPHQWDOH#IUDQFDVIU

-2851(( &RFKHU -2851(( &RFKHU

0HUFUHGLVHSWHPEUH /XQGLRFWREUH

0HUFUHGLVHSWHPEUH 0DUGLRFWREUH

0HUFUHGLVHSWHPEUH 0HUFUHGLRFWREUH

0HUFUHGLVHSWHPEUH -HXGLRFWREUH

0HUFUHGLRFWREUH 9HQGUHGLRFWREUH

0HUFUHGLRFWREUH

0HUFUHGLRFWREUH

7DULIVjFRPSWHUGXMXLOOHW ZĞǀĞŶƵƐĂŶŶƵĞůƐĚĞůĂĨĂŵŝůůĞƉĂƌƚĂŶĐŚĞ

dĂƌŝĨĚĠŐƌĞƐƐŝĨĞŶĨŽŶĐƟŽŶĚĞůĂĐŽŵƉŽƐŝƟŽŶĨĂŵŝůŝĂůĞ ũŽƵƌŶĠĞ ϭĞŶĨĂŶƚ ϮĞŶĨĂŶƚƐ ϯĞŶĨĂŶƚƐ

ŵŽŝŶƐĚĞϭϮϬϬϬΦ;ƉůĂŶĐŚĞƌͿ ϲϭϬ ϲϬϬ ϱϵϬ ĚĞϭϮϬϬϭΦăϮϬϬϬϬΦ ϳϭϬ ϳϬϬ ϲϵϬ ĚĞϮϬϬϬϭΦăϮϰϬϬϬΦ ϴϲϬ ϴϱϬ ϴϰϬ ĚĞϮϰϬϬϭΦăϯϬϬϬϬΦ ϭϬϮϬ ϭϬϭϬ ϭϬϬϬ ĚĞϯϬϬϬϭΦăϯϲϬϬϬΦ ϭϮϬϬ ϭϭϵϬ ϭϭϴϬ ĚĞϯϲϬϬϭΦăϰϮϬϬϬΦ ϭϯϴϬ ϭϯϳϬ ϭϯϲϬ ƉůƵƐĚĞϰϮϬϬϭΦ;ƉůĂĨŽŶĚͿ ϭϲϬϬ ϭϱϵϬ ϭϱϴϬ ƉƌğƐĚĠĚƵĐƟŽŶĚĞƐĂŝĚĞƐĂƵdžƋƵĞůůĞƐƉĞƵƚƉƌĠƚĞŶĚƌĞůĂĨĂŵŝůůĞƵŶĐŽƸƚŵŝŶŝŵƵŵĚĞϮΦƉĂƌ

ũŽƵƌĞƚϭΦƉĂƌĚĞŵŝ-ũŽƵƌŶĠĞƐĞƌĂĨĂĐƚƵƌĠ

ĚĞŵŝ-ũŽƵƌŶĠĞ

ϭĞŶĨĂŶƚ ϮĞŶĨĂŶƚƐ ϯĞŶĨĂŶƚƐ ŵŽŝŶƐĚĞϭϮϬϬϬΦ;ƉůĂŶĐŚĞƌͿ ϯϬϱ ϯϬϬ Ϯϵϱ ĚĞϭϮϬϬϭΦăϮϬϬϬϬΦ ϯϱϱ ϯϱϬ ϯϰϱ ĚĞϮϬϬϬϭΦăϮϰϬϬϬΦ ϰϯϬ ϰϮϱ ϰϮϬ ĚĞϮϰϬϬϭΦăϯϬϬϬϬΦ ϱϭϬ ϱϬϱ ϱϬϬ ĚĞϯϬϬϬϭΦăϯϲϬϬϬΦ ϲϬϬ ϱϵϱ ϱϵϬ ĚĞϯϲϬϬϭΦăϰϮϬϬϬΦ ϲϵϬ ϲϴϱ ϲϴϬ ƉůƵƐĚĞϰϮϬϬϭΦ;ƉůĂĨŽŶĚͿ ϴϬϬ ϳϵϱ ϳϵϬ


Top Related