Whirlpool CFS 800 W Manuel utilisateur
									PDF
									
										
										Descarregar
									
							
									Documento
									
								
							63733126F.fm Page 29 Tuesday, February 22, 2005 10:48 AM
02'(' (03/2,
'(6&5,37,21'(/ $33$5(,/
$9$17' 87,/,6(5/ $33$5(,/
&216(,/63285/$3527(&7,21'(
/ (19,5211(0(17
35(&$87,216(1&$6' $%6(1&(28'(
'(0(1$*(0(17
&200(17)$,5()21&7,211(5/(
&203$57,0(175e)5,*e5$7(85
&21*e/$7(85
&21*e/$7,21
0$1,38/$7,21'(6e/e0(176­
/ ,17e5,(85
(175(7,(1(71(772<$*(
35(&$87,216(1&$6' $%6(1&(28'(
'(0(1$*(0(17
',$*1267,&5$3,'($66,67$1&(
63733126F.fm Page 30 Tuesday, February 22, 2005 10:48 AM
'(6&5,37,21'(/ $33$5(,/
&RPSDUWLPHQWFRQJpODWHXU
7 *ULOOHV
8 %DFLQIpULHXU
XQLTXHPHQWVXUFHUWDLQVPRGqOHV
9 %DFVXSpULHXU
< %DOFRQQHWFRQWUHSRUWHIUHH]HU
= eFODLUDJHLQWpULHXUVXSpULHXU HWLQIpULHUXVXU
FHUWDLQVPRGqOHV
&RPSDUWLPHQWUpIULJpUDWHXU
$ (FODLUDJHLQWpULHXUEDQGHDXGHFRPPDQGHV
% (FODLUDJHLQWHUPpGLDUH VXUFHUWDLQVPRGqOHV
& &OD\HWWHUpJODJH
' &RXYHUFOHGXEDF
( %DF VXUFHUWDLQVPRGqOHV
) %DFjOpJXPHV
* 5pJODJHGXEDFjYLDQGH
+ %DFjYLDQGH
, 5pJODJHGXEDFjYLDQGH
/ &RPSDUWLPHQW
0 %DOFRQQHW DYHFFDOHERXWHLOOHVVXUFHUWDLQV
PRGqOHV
1 %DOFRQQHWO DYHFFDOHERXWHLOOHVVXUFHUWDLQV
PRGqOHV
2 %DOFRQQHWO
3 6pSDUDWHXUGHFOD\HWWH VXUFHUWDLQVPRGqOHV
4 &RPSDUWLPHQWSRXU±XIV
63733126F.fm Page 31 Tuesday, February 22, 2005 10:48 AM
$9$17' 87,/,6(5/ $33$5(,/
 / DSSDUHLOTXHYRXVYHQH]G DFKHWHUHVWXQ
FRPELQpUpIULJpUDWHXUHWFRQJpODWHXU,OHVW
H[FOXVLYHPHQWUpVHUYpjXQXVDJHPpQDJHU
3RXUXWLOLVHUDXPLHX[YRWUHDSSDUHLOQRXV
YRXVLQYLWRQVjOLUHDWWHQWLYHPHQWOHV
LQVWUXFWLRQVUHODWLYHVjVRQXWLOLVDWLRQGDQV
OHVTXHOOHVYRXVWURXYHUH]ODGHVFULSWLRQGH
YRWUHDSSDUHLOHWGHVFRQVHLOVXWLOHVVXUOD
FRQVHUYDWLRQGHVDOLPHQWV
&RQVHUYH]FHOLYUHWSRXUWRXWHFRQVXOWDWLRQ
XOWpULHXUH
$SUqVDYRLUGpEDOOpO DSSDUHLODVVXUH]YRXV
TX LOQ HVWSDVHQGRPPDJpHWTXHOHVSRUWHV
IHUPHQWSDUIDLWHPHQW7RXWGRPPDJH
pYHQWXHOGHYUDrWUHVLJQDOpDXUHYHQGHXUGDQV
XQGpODLGHKHXUHV
1RXVFRQVHLOORQVG DWWHQGUHDXPRLQVGHX[
KHXUHVDYDQWGHPHWWUHO DSSDUHLOHQVHUYLFH
SRXUSHUPHWWUHDXFLUFXLWGHUpIULJpUDWLRQ
G rWUHSHUIRUPDQW
$VVXUH]YRXVTXHO LQVWDOODWLRQHWOH
EUDQFKHPHQWpOHFWULTXHRQWpWpUpDOLVpVSDUXQ
WHFKQLFLHQTXDOLILpFRQIRUPpPHQWDX[
LQVWUXFWLRQVGXIDEULFDQWHWDX[QRUPHVORFDOHV
HQYLJXHXUHQPDWLqUHGHVpFXULWp
1HWWR\H]O LQWpULHXUGHO DSSDUHLODYDQWGH
O XWLOLVHU
&216(,/63285/$3527(&7,21'(
/ (19,5211(0(17
(PEDOODJH
/ HPEDOODJHHVWUHF\FODEOHHWSRUWHOH
V\PEROHGXUHF\FODJH3RXUODPLVHDXUHEXW
VXLYH]OHVUpJOHPHQWDWLRQVORFDOHVHQYLJXHXU
/HVPDWpULDX[G HPEDOODJH VDFKHWVHQSODVWLTXH
pOpPHQWVHQSRO\VW\UqQHHWF GRLYHQWrWUH
WHQXVKRUVGHSRUWpHGHVHQIDQWVFDULOV
FRQVWLWXHQWXQHVRXUFHSRWHQWLHOOHGHGDQJHU
0LVHDXUHEXW
/HUpIULJpUDWHXUDpWpIDEULTXpDYHFGHV
PDWpULDX[UHF\FODEOHV&HWDSSDUHLOSRUWHOH
V\PEROHGXUHF\FODJHFRQIRUPpPHQWjOD
'LUHFWLYH(XURSpHQQH&(FRQFHUQDQW
OHV'pFKHWVG eTXLSHPHQWVeOHFWULTXHVHW
eOHFWURQLTXHV '(((RX:((( (QSURFpGDQWFRUUHFWHPHQWjODPLVHDXUHEXW
GHFHWDSSDUHLOYRXVFRQWULEXHUH]jHPSrFKHU
WRXWHFRQVpTXHQFHQXLVLEOHSRXU
O HQYLURQQHPHQWHWODVDQWpGHO KRPPH
/HV\PEROH SUpVHQWVXUO DSSDUHLORXVXUOD
GRFXPHQWDWLRQTXLO DFFRPSDJQHLQGLTXHTXHFH
SURGXLWQHSHXWHQDXFXQFDVrWUHWUDLWpFRPPH
GpFKHWPpQDJHU,OGRLWSDUFRQVpTXHQWrWUH
UHPLVjXQFHQWUHGHFROOHFWHGHVGpFKHWVFKDUJp
GXUHF\FODJHGHVpTXLSHPHQWVpOHFWULTXHVHW
pOHFWURQLTXHV$XPRPHQWGHODPLVHDXUHEXW
UHQGH]O DSSDUHLOLQXWLOLVDEOHHQVHFWLRQQDQWOH
FRUGRQG DOLPHQWDWLRQHWHQGpPRQWDQWOHV
SRUWHVHWOHVFOD\HWWHVGHIDoRQjFHTXHOHV
HQIDQWVQHSXLVVHQW\DFFpGHUIDFLOHPHQW
3RXUODPLVHDXUHEXWUHVSHFWH]OHVQRUPHV
ORFDOHVHQYLJXHXUHWUHPHWWH]O DSSDUHLOjXQ
FHQWUHGHFROOHFWHVSpFLDOLVp1HODLVVH]MDPDLV
O DSSDUHLOVDQVVXUYHLOODQFHQHIXWFHTXH
TXHOTXHVMRXUVFDULOUHSUpVHQWHXQHVRXUFHGH
GDQJHUSRXUOHVHQIDQWV
3RXUREWHQLUGHSOXVDPSOHVGpWDLOVDXVXMHWGX
WUDLWHPHQWGHODUpFXSpUDWLRQHWGXUHF\FODJH
GHFHWDSSDUHLOYHXLOOH]YRXVDGUHVVHUDXEXUHDX
FRPSpWHQWGHYRWUHFRPPXQHjODVRFLpWpGH
FROOHFWHGHVGpFKHWVRXGLUHFWHPHQWjYRWUH
UHYHQGHXU
,QIRUPDWLRQ
&HWDSSDUHLOQHFRQWLHQWSDVGH&)& OHFLUFXLW
GHUHIURLGLVVHPHQWFRQWLHQWGX5D QLGH
+)& OHFLUFXLWGHUHIURLGLVVHPHQWFRQWLHQWGX
5D 3RXUOHVDSSDUHLOVDYHF,VREXWDQH 5D O·,VREXWDQHHVWXQJD]TXLHVWVDQVGDQJHUSRXU
O HQYLURQQHPHQWPDLVLOHVWLQIODPPDEOH,OHVW
GRQFLQGLVSHQVDEOHGHYRXVDVVXUHUTXHOHV
WX\DX[GXFLUFXLWGHUpIULJpUDWLRQVRQWHQSDUIDLW
pWDW
672&.$*('(6'(15e(6'$16
/(65e)5,*e5$7(856(75Ë*/(6
' +<*,Ë1($/,0(17$,5(
/DFRQVRPPDWLRQFURLVVDQWHGHSODWVSUpSDUpVHW
G DXWUHVDOLPHQWVIUDJLOHVVHQVLEOHVHQSDUWLFXOLHU
DXQRQUHVSHFWGHODFKDvQHGXIURLG UHQG
QpFHVVDLUHXQHPHLOOHXUHPDvWULVHGHOD
WHPSpUDWXUHGHWUDQVSRUWHWGHVWRFNDJHGHFHV
SURGXLWV
­ODPDLVRQOHERQXVDJHGXUpIULJpUDWHXUHWOH
UHVSHFWGHUqJOHVG·K\JLqQHULJRXUHXVHV
FRQWULEXHURQWGHIDoRQVLJQLILFDWLYHHWHIILFDFHj
O DPpOLRUDWLRQGHODFRQVHUYDWLRQGHVDOLPHQWV
63733126F.fm Page 32 Tuesday, February 22, 2005 10:48 AM
0$Í75,6('(/$7(03e5$785(
 6WRFNH]OHVDOLPHQWVOHVSOXVVHQVLEOHVGDQVOD
]RQHODSOXVIURLGHGHO DSSDUHLOFRQIRUPpPHQW
DX[LQGLFDWLRQVILJXUDQWGDQVFHWWHQRWLFH
 $WWHQGH]OHFRPSOHWUHIURLGLVVHPHQWGHV
SUpSDUDWLRQVDYDQWGHOHVVWRFNHU H[HPSOH
VRXSH  /LPLWH]OHQRPEUHG RXYHUWXUHVGHODSRUWH
HWHQWRXWpWDWGHFDXVHQHSDVODODLVVHU
RXYHUWHWURSORQJWHPSVSRXUpYLWHUXQH
UHPRQWpHHQWHPSpUDWXUHGXUpIULJpUDWHXU
 3RVLWLRQQH]ODFRPPDQGHGHUpJODJHGX
WKHUPRVWDWGHIDoRQjREWHQLUXQHWHPSpUDWXUH
SOXVEDVVH&HUpJODJHGRLWVHIDLUH
SURJUHVVLYHPHQWDILQGHQHSDVSURYRTXHUOHJHO
GHVGHQUpHV
 /DPHVXUHGHODWHPSpUDWXUHG XQH]RQH
FOD\HWWHSDUH[HPSOHSHXWVHIDLUHDXPR\HQ
G XQWKHUPRPqWUHSODFpGqVOHGpSDUWGDQV
XQUpFLSLHQWUHPSOLG HDX YHUUH 3RXUrWUH
ILGqOHHWUHSUpVHQWDWLYHGHFHTXLVHSDVVHj
O LQWpULHXUGHO DSSDUHLOODOHFWXUHGHOD
WHPSpUDWXUHGRLWrWUHIDLWHDSUqVTXHOTXHV
KHXUHVGHVWDELOLVDWLRQGHO HQVHPEOHSDU
H[HPSOHOHPDWLQjODSUHPLqUHRXYHUWXUHGHOD
SRUWH
5(63(&7'(65Ë*/(6' +<*,Ë1(
$/,0(17$,5(
 5HWLUH]OHVHPEDOODJHVGXFRPPHUFHDYDQWGH
SODFHUOHVDOLPHQWVGDQVOHUpIULJpUDWHXU
H[HPSOH HPEDOODJHVGHVSDFNVGH\DRXUWV  (PEDOOH]V\VWpPDWLTXHPHQWODQRXUULWXUH
SRXUpYLWHUTXHOHVGHQUpHVQHVH
FRQWDPLQHQWPXWXHOOHPHQW
 'LVSRVH]OHVDOLPHQWVGHWHOOHVRUWHTXHO DLU
SXLVVHFLUFXOHUOLEUHPHQWWRXWDXWRXU
 &RQVXOWH]ODQRWLFHG XWLOLVDWLRQGHO DSSDUHLO
HQWRXWHVFLUFRQVWDQFHVHWHQSDUWLFXOLHU
SRXUOHVFRQVHLOVG HQWUHWLHQ
 1HWWR\H]IUpTXHPPHQWO LQWpULHXUGX
UpIULJpUDWHXUHQXWLOLVDQWXQSURGXLWG HQWUHWLHQ
GRX[VDQVHIIHWR[\GDQWVXUOHVSDUWLHV
PpWDOOLTXHVSXLVULQFHUDYHFGHO HDX
DGGLWLRQQpHGHMXVGHFLWURQGHYLQDLJUHEODQF
RXDYHFWRXWSURGXLWGpVLQIHFWDQWDGDSWpDX
UpIULJpUDWHXU
 6HODYHUOHVPDLQVDYDQWGHWRXFKHUOHV
DOLPHQWVHWSOXVLHXUVIRLVSHQGDQWOD
SUpSDUDWLRQGXUHSDVVLFHOOHFLLPSOLTXHGHV
PDQLSXODWLRQVVXFFHVVLYHVGHSURGXLWV
GLIIpUHQWVHWDSUqVELHQVUDXPRPHQWGH
SDVVHUjWDEOHFRPPHOHVUqJOHVG K\JLqQH
O LPSRVHQW
 1HSDVUpXWLOLVHUGHVXVWHQVLOHVD\DQWGpMj
VHUYL SDUH[HPSOHFXLOOqUHHQERLVSODQFKHj
GpFRXSHUVDQVOHVDYRLUELHQQHWWR\pVDX
SUpDODEOH  &KDvQHGXIURLGPDLQWLHQVDQVUXSWXUHGH
ODWHPSpUDWXUHUHTXLVHG XQSURGXLWGHSXLV
VDSUpSDUDWLRQHWVRQFRQGLWLRQQHPHQW
MXVTX jVRQXWLOLVDWLRQSDUOHFRQVRPPDWHXU
'pFODUDWLRQGHFRQIRUPLWp
 &HWDSSDUHLOHVWGHVWLQpjrWUHPLVHQFRQWDFW
DYHFGHVGHQUpHVDOLPHQWDLUHVHWHVW
FRQIRUPHDX['LUHFWLYHV(XURSpHQQHV
&((&((&((
 &HWDSSDUHLODpWpFRQoXFRQVWUXLWHWPLVVXU
OHPDUFKpFRQIRUPpPHQWDX[
REMHFWLIVGHVpFXULWpGHOD'LUHFWLYH
HXURSpHQQH´%DVVH7HQVLRQµQ&((
FRQGLWLRQVUHTXLVHVHQPDWLqUHGHSURWHFWLRQGH
OD'LUHFWLYH´(0&µ&((PRGLILpHVSDUOD
'LUHFWLYH&((
 /DVpFXULWppOHFWULTXHGHO DSSDUHLOHVWJDUDQWLH
XQLTXHPHQWVLFHOXLFLHVWFRUUHFWHPHQW
EUDQFKpjXQHLQVWDOODWLRQGHPLVHjODWHUUH
SHUIRUPDQWHHWUpJOHPHQWDLUH
63733126F.fm Page 33 Tuesday, February 22, 2005 10:48 AM
35(&$87,216(1&$6' $%6(1&(28'(
'(0(1$*(0(17
 1 XWLOLVH]OHFRPSDUWLPHQWUpIULJpUDWHXUTXH
SRXUODFRQVHUYDWLRQG DOLPHQWVIUDLVHWOH
FRPSDUWLPHQWFRQJpODWHXUTXHSRXUOD
FRQVHUYDWLRQG DOLPHQWVVXUJHOpVOD
FRQJpODWLRQG DOLPHQWVIUDLVHWODSURGXFWLRQ
GHJODoRQV
 $SUqVO LQVWDOODWLRQYpULILH]TXHOH
UpIULJpUDWHXUQ HVWSDVSRVpVXUOHFkEOH
G DOLPHQWDWLRQ
 1 LQWURGXLVH]SDVGHUpFLSLHQWVHQYHUUH
FRQWHQDQWGHVOLTXLGHVGDQVOHFRQJpODWHXU
FDULOVSRXUUDLHQWH[SORVHU
 1HPDQJH]SDVOHVJODoRQVRXOHVJODFHV
LPPpGLDWHPHQWDSUqVOHVDYRLUVRUWLVGX
FRQJpODWHXUFDULOVSRXUUDLHQWSURYRTXHUGHV
EUOXUHVGXHVDXIURLG
 'pEUDQFKH]WRXMRXUVOHFkEOHRXFRXSH]OH
FRXUDQWDYDQWG LQWHUYHQLUVXUO DSSDUHLOSRXU
VRQHQWUHWLHQRXVRQQHWWR\DJH
 $VVXUH]YRXVTXHOHUpIULJpUDWHXUHVWORLQGH
WRXWHVRXUFHGHFKDOHXU
 1 HQWUHSRVH]SDVHWQ XWLOLVH]SDVG HVVHQFH
GHOLTXLGHVRXGHJD]LQIODPPDEOHVj
SUR[LPLWpGXUpIULJpUDWHXURXGHWRXWDXWUH
DSSDUHLOPpQDJHU/HVpPDQDWLRQVSHXYHQW
SURYRTXHUXQULVTXHG LQFHQGLHRX
G H[SORVLRQ
 /DLVVH]XQHVSDFHGHFPGHSDUWHWG DXWUH
GHO DSSDUHLOHWDXGHVVXVGHFHOXLFLDILQ
G DVVXUHUXQHYHQWLODWLRQFRUUHFWH
 9HLOOH]jQHMDPDLVFRXYULUOHVERXFKHV
G DpUDWLRQSUpVHQWHVVXUO DSSDUHLORXGDQVOD
VWUXFWXUHG HQFDVWUHPHQW
 7RXVOHVDSSDUHLOVpTXLSpVGHV\VWqPHVGH
SURGXFWLRQGHJODFHHWGHGLVWULEXWHXUVG HDX
GRLYHQWrWUHFRQQHFWpVjXQUpVHDXK\GULTXH
TXLGLVWULEXHH[FOXVLYHPHQWGHO HDXSRWDEOH
/HVV\VWqPHVGHSURGXFWLRQGHJODFHHWRX
G HDXTXLQHVRQWSDVGLUHFWHPHQWFRQQHFWpVj
XQUpVHDXG DOLPHQWDWLRQK\GULTXHGRLYHQW
rWUHUHPSOLVH[FOXVLYHPHQWDYHFGHO HDX
SRWDEOH
 ,QVWDOOH]OHUpIULJpUDWHXUHWPHWWH]OHGH
QLYHDXVXUXQVROTXLHQVXSSRUWHUDOHSRLGVHW
GDQVXQHSLqFHDGDSWpHjVDWDLOOHHWjVRQ
XWLOLVDWLRQ
 1 XWLOLVH]SDVOHUpIULJpUDWHXUGDQVXQHSLqFH
RODWHPSpUDWXUHDPELDQWHSHXWWRPEHUHQ
GHVVRXVGH&3ODFH]O DSSDUHLOGDQVXQ
HQGURLWVHFHWELHQDpUp
 6LYRXVGHYH]GpSODFHUO DSSDUHLOYHLOOH]jQH
SDVDEvPHUOHUHFRXYUHPHQWGHVRO
SDUTXHWSDUH[  3RXUDFFpOpUHUOHSURFHVVXVGHGpJLYUDJH
Q XWLOLVH]MDPDLVGHPR\HQVPpFDQLTXHVDXWUHV
TXHFHX[SUpFRQLVpVSDUOHIDEULFDQW
 eYLWH]G HQGRPPDJHUOHFLUFXLWGXIOXLGH
UpIULJpUDQW
 1 XWLOLVH]MDPDLVG DSSDUHLOVpOHFWULTXHVj
O LQWpULHXUGHVFRPSDUWLPHQWVGHFRQVHUYDWLRQ
GHVDOLPHQWVFRQJHOpVDXWUHVTXHFHX[
UHFRPPDQGpVSDUOHIDEULFDQW
 &HWDSSDUHLOQHGRLWHQDXFXQFDVrWUHXWLOLVp
SDUGHVHQIDQWVHQEDVkJHRXGHVSHUVRQQHV
KDQGLFDSpHVVDQVVXUYHLOODQFH
 3RXUpYLWHUWRXWULVTXHG pWRXIIHPHQWHW
G HPSULVRQQHPHQWLQWHUGLVH]DX[HQIDQWVGH
MRXHURXGHVHFDFKHUGDQVO DSSDUHLO
 /HFkEOHGRLWrWUHUHPSODFpH[FOXVLYHPHQW
SDUXQWHFKQLFLHQDJUpp
 1 XWLOLVH]SDVG DGDSWDWHXUVGHUDOORQJHVQLGH
SULVHVPXOWLSOHV
 ,OGRLWrWUHSRVVLEOHGHGpFRQQHFWHU
O DOLPHQWDWLRQpOHFWULTXHHQHQOHYDQWODSULVH
RXHQDFWLRQQDQWXQLQWHUUXSWHXUELSRODLUHGH
UpVHDXVLWXpHQDPRQWGHODSULVH
 1 DYDOH]MDPDLVOHOLTXLGH DWR[LTXH FRQWHQX
GDQVOHVDFFXPXODWHXUVGHIURLGV LOVVRQW
SUpVHQWV
63733126F.fm Page 34 Tuesday, February 22, 2005 10:48 AM
&200(17)$,5()21&7,211(5/(
&203$57,0(175e)5,*e5$7(85
&21*e/$7(85
 %UDQFKH]O DSSDUHLODXUpVHDXpOHFWULTXH
YRLUQRWLFHG LQVWDOODWLRQ  /RUVTXHYRXVEUDQFKH]O DSSDUHLODXVHFWHXUO DIILFKDJHGX
FRQJpODWHXULQGLTXHGHX[WLUHWVWDQWTXHODWHPSpUDWXUH
RSWLPDOHGHIRQFWLRQQHPHQWQ HVWSDVDWWHLQWH/ DIILFKHXUGX
UpIULJpUDWHXULQGLTXHXQHWHPSpUDWXUHGH&
SURJUDPPpHHQXVLQH
 /RUVTXHO DSSDUHLOHVWFKDXGOHYR\DQWURXJHG DODUPHFOLJQRWH
HWOHVLJQDOVRQRUHHVWpPLV&HODVLJQLILHTXHO DSSDUHLOQ DSDV
HQFRUHDWWHLQWOHVWHPSpUDWXUHVRSWLPDOHVSRXUOD
FRQVHUYDWLRQGHVDOLPHQWV
 $SSX\H]VXUODWRXFKHGHUHPLVHj]pUR
SRXUGpVDFWLYHU
OHVLJQDOVRQRUH
 /·LQGLFDWHXUURXJH
FHVVHGHFOLJQRWHUGqVTXHOH
FRPSDUWLPHQWFRQJpODWHXUGHVFHQGHQGHVVRXVGHOD
WHPSHUDWXUDDGDSWpHSRXUODFRQVHUYDWLRQGHVDOLPHQWVjFH
SRLQWLOHVWSRVVLEOHGHVWRFNHUOHVDOLPHQWVGDQVOH
FRPSDUWLVPHQWFRQJpODWHXU
 $SUqVODPLVHHQPDUFKHjKHXUHVHQYLURQVRQW
QpFHVVDLUHVDYDQWTXHODWHPSpUDWXUHGHFRQVHUYDWLRQ
DGpTXDWHVRLWDWWHLQWHVLOHFRPSDUWLPHQWUpIULJpUDWHXUHVW
QRUPDOHPHQWFKDUJp
$77(17,216LYRXVLQWURGXLVH]GHVDOLPHQWVGDQVOH
UpIULJpUDWHXUDYDQWVRQUHIURLGLVVHPHQWFRPSOHWFHVDOLPHQWV
SHXYHQWVHGpWpULRUHU,OHVWLQXWLOHGHUpJOHUOHVFRPPDQGHV
UpIULJpUDWHXUHWFRQJpODWHXUVXUXQHWHPSpUDWXUHLQIpULHXUHj
ODWHPSpUDWXUHUHFRPPDQGpHOHVFRPSDUWLPHQWVQHVH
UHIURLGLURQWSDVSOXVUDSLGHPHQW
 'DQVOHFRPSDUWLPHQWUpIULJpUDWHXUpYLWH]GHPHWWUHOHV
DOLPHQWVjSUR[LPLWpGHVERXFKHVGHVRUWLHG DLU
 8QGLVSRVLWLILQWpJUpGHFRQWU{OHGHO KXPLGLWpH[WpULHXUH
SURWqJHFRQWUHO DFFXPXODWLRQG KXPLGLWpVXUOHVERUGV
IURQWDX[,OQ \DSDVOLHXGHV LQTXLpWHUVLOHVERUGVGHO DSSDUHLO
VRQWSDUIRLVFKDXGVDXWRXFKHU
 /DOXPLqUHLQWHUQHV DOOXPHjO RXYHUWXUHGHVGHX[SRUWHV
63733126F.fm Page 35 Tuesday, February 22, 2005 10:48 AM
6pOHFWLRQGHVGLIIpUHQWHVIRQFWLRQV
6WDQG%\
$SSX\H]VXUODWRXFKH
O·DSSDUHLOVHPHWHQVWDQGE\
&HWWHIRQFWLRQVHUWjGpVDFWLYHUOHFRPSDUWLPHQW
UpIULJpUDWHXUHWFRQJpODWHXU
/DIRQFWLRQVWDQGE\HVWHIIHFWLYHPHQWDFWLYpHORUVTXHGHX[
SRLQWVYHUWVDSSDUDLVVHQWVXUOHVGHX[DIILFKDJHV
3RXUUpDFWLYHUODIRQFWLRQSURFpGH]GHODPrPHIDoRQMXVTX j
FHTXHOHVGHX[DIILFKDJHVLQGLTXHQWOHVWHPSpUDWXUHV
SUpDODEOHPHQWSURJUDPPpHV
/RUVTXHO DSSDUHLOHVWHQVWDQGE\O pFODLUDJHLQWHUQHQH
IRQFWLRQQHQLGDQVOHFRPSDUWLPHQWUpIULJpUDWHXUQLGDQVOH
FRPSDUWLPHQWFRQJpODWHXU
,OHVWERQGHUDSSHOHUTX DXFRXUVGHFHWWHRSpUDWLRQ
O DSSDUHLOHVWPDLQWHQXVRXVWHQVLRQ
&RQJpODWLRQUDSLGH
&HWWHIRQFWLRQGRLWrWUHDFWLYpHDYDQWGHSURFpGHUjOD
FRQJpODWLRQG DOLPHQWVIUDLV3RXUDFWLYHUFHWWHIRQFWLRQ
DSSX\H]VXUODWRXFKHHWOHYR\DQWMDXQHV DOOXPH/DIRQFWLRQ
VHGpVDFWLYHDXWRPDWLTXHPHQWDSUqVKHXUHVRX
PDQXHOOHPHQWHQDSSX\DQWjQRXYHDXVXUODWRXFKH
/RUVTXHODIRQFWLRQHVWDFWLYpHOHYROHWFRXOLVVDQWGXEDFj
YLDQGHGRLWrWUHVXUODSRVLWLRQ´OpJXPHVµ
$IILFKHXUGXFRPSDUWLPHQWFRQJpODWHXU
9LVXDOLVHODWHPSpUDWXUHSURJUDPPpHjO LQWpULHXUGX
FRPSDUWLPHQWFRQJpODWHXU
/D7SURJUDPPpHHVWPpPRULVpHHWUHVWDXUpH
DXWRPDWLTXHPHQWPrPHDSUqVXQHFRXSXUHGHFRXUDQWRX
O H[WLQFWLRQGHO DSSDUHLOSDUDFWLYDWLRQGHODWRXFKHVWDQGE\
6pOHFWLRQHWUpJXODWLRQGHODWHPSpUDWXUHGX
FRPSDUWLPHQWFRQJpODWHXU
6LYRXVVRXKDLWH]PRGLILHUODWHPSpUDWXUHLQWHUQHDSSX\H]
VXUODWRXFKH MXVTX jFHTXHODYDOHXUGpVLUpHTXLDSSDUDvW
VXUO DIILFKHXUVRLWDWWHLQWH
$IILFKDJHGXFRPSDUWLPHQWUpIULJpUDWHXU
9LVXDOLVHODWHPSpUDWXUHSURJUDPPpHjO LQWpULHXUGX
FRPSDUWLPHQWUpIULJpUDWHXU
/D7SURJUDPPpHHVWPpPRULVpHHWUHVWDXUpH
DXWRPDWLTXHPHQWPrPHDSUqVXQHFRXSXUHGHFRXUDQWRX
O H[WLQFWLRQGHO DSSDUHLOSDUDFWLYDWLRQGHODWRXFKHVWDQGE\
6pOHFWLRQHWUpJXODWLRQGHODWHPSpUDWXUHGX
FRPSDUWLPHQWUpIULJpUDWHXU
6LYRXVVRXKDLWH]PRGLILHUODWHPSpUDWXUHLQWHUQHDSSX\H]
VXUODWRXFKH MXVTX jFHTXHODYDOHXUGpVLUpHTXLDSSDUDvW
VXUO DIILFKHXUVRLWDWWHLQWH
5HIURLGLVVHPHQWUDSLGH
$FWLYHHWDIILFKHO pWDWGHODIRQFWLRQ)DVW&RROLQJTXLVHUWj
DFFpOpUHUOHUHIURLGLVVHPHQWG DOLPHQWVIUDLVVWRFNpVGDQVOH
FRPSDUWLPHQWUpIULJpUDWHXU3RXUDFWLYHUFHWWHIRQFWLRQ
DSSX\H]VXUODWRXFKHOHYR\DQWMDXQHV DOOXPH/DIRQFWLRQ
VHGpVDFWLYHDXWRPDWLTXHPHQWDSUqVKHXUHVRX
PDQXHOOHPHQWHQDSSX\DQWjQRXYHDXVXUODWRXFKH
63733126F.fm Page 36 Tuesday, February 22, 2005 10:48 AM
6pOHFWLRQGHVGLIIpUHQWHVIRQFWLRQV
$EVHQFH YDFDQFHV
&HWWHIRQFWLRQGpVDFWLYHODUpIULJpUDWLRQGXFRPSDUWLPHQW
UpIULJpUDWHXUHQFDVG DEVHQFHSURORQJpHGHO XWLOLVDWHXU3RXU
DFWLYHUODIRQFWLRQDSSX\H]VXUODWRXFKH
OHYR\DQW
MDXQHV DOOXPH
/D7Q HVWSOXVSUpVHQWHjO DIILFKDJHHWXQSRLQWYHUW
V DIILFKH$SSX\H]jQRXYHDXVXUODWRXFKH
SRXU
UpDFWLYHUODIRQFWLRQGHUpIULJpUDWLRQ
5HPDUTXHLPSRUWDQWH
'qVTXHYRXVDYH]ODQFpFHWWHIRQFWLRQLOHVWQpFHVVDLUHGH
UHWLUHUOHVDOLPHQWVSpULVVDEOHVGXFRPSDUWLPHQWUpIULJpUDWHXU
HWGHODLVVHUODSRUWHIHUPpH
$ODUPHV
&HVLQGLFDWLRQVVRQWIRXUQLHVSDUOHGpFOHQFKHPHQWG XQ
VLJQDOVRQRUHHWSDUO DOOXPDJHGHYR\DQWVOXPLQHX[
/ DODUPHVRQRUHVHGpFOHQFKHHQDSSX\DQWVXUODWRXFKH
$ODUPH7FRQJpODWHXU
8QVLJQDOVRQRUHHVWDFWLYpHWXQYR\DQWURXJHFOLJQRWH/HV
LQGLFDWLRQVGH7GHO DIILFKDJHVRQWUHPSODFpHVSRXUGHX[WLUHWV
/ DODUPHVHGpFOHQFKHTXDQG
 / DSSDUHLOHVWUHOLpSRXUODSUHPLqUHIRLVDXUpVHDX
pOHFWULTXHRXDSUqVXQHSpULRGHG LQDFWLYLWp
 /D7GXFRPSDUWLPHQWFRQJpODWHXUQ HVWSDVFRUUHFWH
 /DTXDQWLWpG DOLPHQWVjFRQJHOHUHVWVXSpULHXUHjFHOOH
LQGLTXpHVXUODSODTXHVLJQDOpWLTXH
 /DSRUWHGXFRQJpODWHXUHVWUHVWpHORQJWHPSVRXYHUWH
$ODUPH&RXSXUHGHFRXUDQW
/ DIILFKDJHGXFRQJpODWHXULQGLTXHOD7PD[LPXP
TXLFOLJQRWH DWWHLQWHSHQGDQWODFRXSXUHGHFRXUDQW
/HYR\DQWURXJHG DODUPHV DOOXPHHWOHVLJQDODFRXVWLTXHVH
GpFOHQFKHVLPXOWDQpPHQW
/ DODUPHVHGpFOHQFKHTXDQG
 ,O\DHXXQHSDQQHGHFRXUDQWGHORQJXHGXUpHHWOD7
LQWHUQHGXFRQJpODWHXUHVWUHPRQWpHjGHVQLYHDX[SRXYDQW
FRPSURPHWWUHODFRQVHUYDWLRQFRUUHFWHGHVDOLPHQWV
3RXUGpVDFWLYHUODIRQFWLRQG DODUPH
 $SSX\H]VXUODWRXFKHGHUHPLVHj]pUR
 /DWHPSpUDWXUHSURJUDPPpHV DIILFKH
5HPDUTXH
,OHVWFRQVHLOOpGHFRQWU{OHUO pWDWGHFRQVHUYDWLRQGHV
DOLPHQWVGDQVOHVGHX[FRPSDUWLPHQWVDYDQWGHSURFpGHUj
XQHQRXYHOOHFRQJpODWLRQRXGHFRQVRPPHUFHX[FL
$ODUPHGHIRQFWLRQQHPHQW
6LOHVLJQDOVRQRUHVHGpFOHQFKHHWTXHGHVOHWWUHVV DIILFKHQW
FRQWDFWH]YRWUH6HUYLFH$SUqVYHQWH:KLUOSRRO
63733126F.fm Page 37 Tuesday, February 22, 2005 10:48 AM
6pOHFWLRQGHVGLIIpUHQWHVIRQFWLRQV
$ODUPH3RUWHGXFRQJpODWHXUUpIULJpUDWHXURXYHUWH
/HV\PEROHUHSUpVHQWDQWODSRUWHGXUpIULJpUDWHXU
FRQJpODWHXU RXOHVGHX[ FOLJQRWH YR\DQWYHUW HQPrPH
WHPSVTXHOHVLJQDOVRQRUHVHGpFOHQFKHHWTXHOHYR\DQW
URXJHV DOOXPH
/ DODUPHVHGpFOHQFKHTXDQG
 O XQHRXOHVGHX[SRUWHVVRQWUHVWpHVRXYHUWHVSHQGDQWSOXV
GH PLQXWHV/ DODUPHVRQRUHVHGpFOHQFKHUDjQRXYHDXVL
ODSRUWHUHVWHRXYHUWHSHQGDQWDXWUHVPLQXWHV
3RXUpOLPLQHUO DODUPH
)HUPH]ODOHVSRUWHVRXDSSX\H]VXUODWRXFKHGHUHPLVHj
]pUR
&21*e/$7,21
/HFRPSDUWLPHQWFRQJpODWHXUSRUWDQWOHV\PEROH
SHUPHW
GHFRQVHUYHUGHVDOLPHQWVFRQJHOpVHWGHFRQJHOHUGHVDOLPHQWV
IUDLVRXFXLVLQpV,OSHUPHWpJDOHPHQWGHIDEULTXHUGHVJODoRQV
/DFRQWUHSRUWHGXFRQJpODWHXUSRUWDQWOHV\PEROH HVW
SDUWLFXOLqUHPHQWDGDSWpHSRXUODFRQVHUYDWLRQGHJODFHVRX
G DOLPHQWVVXUJHOpVjFRQVRPPHUUDSLGHPHQW
/DTXDQWLWpG DOLPHQWVIUDLVTX LOHVWSRVVLEOHGHFRQJHOHUHQ
KHXUHVjXQHWHPSpUDWXUHDPELDQWHGH&HVWLQGLTXpHVXU
ODSODTXHVLJQDOpWLTXHGXUpIULJpUDWHXU
3RXUREWHQLUXQHFRQJpODWLRQFRUUHFWHLOHVWFRQVHLOOpG DSSX\HU
VXUODWRXFKHGHFRQJpODWLRQUDSLGH SRXUHIIHFWXHUXQHSUp
FRQJpODWLRQ$WWHQGH]KHXUHVDYDQWG LQWURGXLUHOHVDOLPHQWVj
FRQJHOHUVXUODSUHPLqUHJULOOHVLWXpHHQKDXWGXFRPSDUWLPHQW
FRQJpODWHXU
 /RUVTXHODIRQFWLRQHVWDFWLYpHOHYROHWFRXOLVVDQWGXEDFj
YLDQGHGRLWrWUHVXUODSRVLWLRQ´OpJXPHVµ
63733126F.fm Page 38 Tuesday, February 22, 2005 10:48 AM
0$1,38/$7,21'(6e/e0(176­
/ ,17e5,(85
5HWUDLWHWGpSODFHPHQWGHVFOD\HWWHVGDQVOHV
FRPSDUWLPHQWVUpIULJpUDWHXUHWFRQJpODWHXU
/HVFOD\HWWHVSHXYHQWrWUHSODFpHVVHORQYRVEHVRLQV
/HVFOD\HWWHVHQYHUUHVRQWVXIILVDPPHQWVROLGHVSRXUVXSSRUWHU
GHVERXWHLOOHVGHVEULTXHVGHODLWRXGHVDOLPHQWVORXUGV9HLOOH]
WRXWHIRLVjSRVHUFHVDOLPHQWVDYHFGpOLFDWHVVH
3RXUUHWLUHUXQHFOD\HWWH
7LUH]ODFOD\HWWHMXVTX jODEXWpHVRXOHYH]ODHWGpJDJH]OD
5HWUDLWGXEDFjIUXLWVHWOpJXPHVRXGXEDFjYLDQGH
 )DLWHVJOLVVHUOHEDFMXVTX jODEXWpH
 HQOHVRXWHQDQWG XQHPDLQVRXOHYH]OHEDFHWGpJDJH]OH
 OHEDFVRUWGHVHVUDLOVHWSHXWDORUVrWUHFRPSOqWHPHQWUHWLUp
 SRXUDFKHYHUOHUHWUDLWGXEDFLOVXIILWGHOHIDLUHSLYRWHUHQ
VRXOHYDQWO DYDQWHWHQDEDLVVDQWO DUULqUH
5HWUDLWGXFRXYHUFOHHQYHUUHGXEDF
 6RXOHYH]O DYDQWGXFDGUHGHFPSXLVDYHFO DXWUHPDLQ
VRXOHYH]O DUULqUHHWGpJDJH]OHFRXYHUFOH
3RXUUHSODFHUOHFRXYHUFOH
 ,QVpUH]O DUULqUHGXFDGUHGDQVOHVVXSSRUWVSODFpVVXUOHV
SDURLVGXUpIULJpUDWHXUHWDEDLVVH]OHSRXUOHUHPHWWUHHQ
SODFH
'LVSRVLWLIGHUpJXODWLRQGHODWHPSpUDWXUHGXEDFjYLDQGH
 / DLUIURLGSpQqWUHjO LQWpULHXUGXEDFjYLDQGHSDUXQRULILFH
PpQDJpHQWUHOHFRPSDUWLPHQWUpIULJpUDWHXUHWOH
FRPSDUWLPHQWFRQJpODWHXU&HV\VWqPHSHUPHWGHPDLQWHQLU
XQHWHPSpUDWXUHSOXVIURLGHGDQVOHEDFjYLDQGHTXHGDQVOH
UHVWHGXUpIULJpUDWHXU,OHVWSRVVLEOHGHUpJOHUOHIOX[G DLU
JUkFHDXFRXOLVVHDXGHUpJXODWLRQ
 6LYRXVVRXKDLWH]FRQVHUYHUGHVOpJXPHVGDQVOHEDFjYLDQGH
IDLWHVJOLVVHUOHFRXOLVVHDXjIRQGYHUVODJDXFKHMXVTX jOD
SRVLWLRQOpJXPHV'HFHWWHIDoRQYRXVpYLWHUH]GHIDLUHJHOHU
OHVOpJXPHV
 /RUVTXHODIRQFWLRQHVWDFWLYpHOHYROHWFRXOLVVDQWGXEDFj
YLDQGHGRLWrWUHVXUODSRVLWLRQ´OpJXPHµ
5pJODJHGHO KXPLGLWpGDQVOHEDFjIUXLWVHWOpJXPHV
 /HGLVSRVLWLIGHUpJXODWLRQSHXWrWUHUpJOpVXUQ LPSRUWHTXHOOH
SRVLWLRQHQWUH HW  /DSRVLWLRQ pOLPLQHO DLUKXPLGHGXEDFSRXUXQHPHLOOHXUH
FRQVHUYDWLRQGHVIUXLWVHWGHVOpJXPHVjSHDX
 /DSRVLWLRQ PDLQWLHQWO DLUKXPLGHjO LQWpULHXUGXEDFSRXU
XQHPHLOOHXUHFRQVHUYDWLRQGHVOpJXPHVjIHXLOOHV
5HWUDLWGHVSDQLHUVGXFRPSDUWLPHQWFRQJpODWHXU
 )DLWHVJOLVVHUOHSDQLHUYHUVO H[WpULHXUMXVTX jODEXWpH
 VRXOHYH]O DYDQWGXSDQLHUDILQGHOHGpJDJHUGHO DUUrWRLU
 UHWLUH]FRPSOqWHPHQWOHSDQLHU
63733126F.fm Page 39 Tuesday, February 22, 2005 10:48 AM
(175(7,(1(71(772<$*(
$YDQWG HIIHFWXHUWRXWHRSpUDWLRQG HQWUHWLHQRXGHQHWWR\DJH
UHWLUH]ODILFKHGHODSULVHGHFRXUDQWRXGpEUDQFKH]O DSSDUHLO
1HWWR\H]SpULRGLTXHPHQWOHFRPSDUWLPHQWUpIULJpUDWHXUHWOH
FRPSDUWLPHQWFRQJpODWHXUDYHFXQFKLIIRQLPELEpG XQHVROXWLRQ
G HDXWLqGHHWGHGpWHUJHQWQHXWUHVSpFLDOSRXUUpIULJpUDWHXU
1 XWLOLVH]MDPDLVGHGpWHUJHQWVRXGHSURGXLWVDEUDVLIV1H
QHWWR\H]MDPDLVOHVpOpPHQWVGXUpIULJpUDWHXUDYHFGHVOLTXLGHV
LQIODPPDEOHV/HVpPDQDWLRQVSHXYHQWSURYRTXHUXQULVTXH
G LQFHQGLHRXG H[SORVLRQ
1HWWR\H]O H[WpULHXUGHO DSSDUHLOHWOHMRLQWGHVSRUWHVDYHFXQ
FKLIIRQKXPLGHSXLVHVVX\H]DYHFXQFKLIIRQGRX[
 1 XWLOLVH]SDVG DSSDUHLOGHQHWWR\DJHjYDSHXU
 ,OHVWFRQVHLOOpGHQHWWR\HUOHFRQGHQVHXUDYHFXQDVSLUDWHXUHQ
SURFpGDQWGHODIDoRQVXLYDQWHHQOHYH]ODSDUWLHIURQWDOH YRLU
QRWLFHG LQVWDOODWLRQ HWSURFpGH]DXQHWWR\DJH
5(0$548(/HVWX\DX[GXV\VWqPHGHUpIULJpUDWLRQVRQWSODFpV
jF{WpGXEDFGHGpJLYUDJHHWSHXYHQWGHYHQLUWUqVFKDXGV
1HWWR\H]OHVUpJXOLqUHPHQWDYHFXQDVSLUDWHXU
$YDQWGHUHPSODFHUXQHDPSRXOHGpEUDQFKH]WRXMRXUVOH
UpIULJpUDWHXU
&RPPHQWUHPSODFHUO DPSRXOHGXFRPSDUWLPHQW
VXSpULHXUGXUpIULJpUDWHXU
 'pYLVVH]ODYLVGHIL[DWLRQGXFDSRWGHO DPSRXOH
 WLUH]OHFDSRWYHUVOHEDVHWIDLWHVOHJOLVVHUYHUVO LQWpULHXUGX
FRPSDUWLPHQWUpIULJpUDWHXU
 UHPSODFH]O DPSRXOHJULOOpHSDUXQHDPSRXOHVHPEODEOH
GLVSRQLEOHXQLTXHPHQWDXSUqVGX6HUYLFH$SUqVYHQWH
 UHPRQWH]OHFDSRWHQSURFpGDQWGDQVOHVHQVFRQWUDLUH
&RPPHQWUHPSODFHUO DPSRXOHVXSpULHXUHGX
FRPSDUWLPHQWGXFRQJpODWHXU
 UHWLUH]O pFUDQSURWHFWHXUHQDSSX\DQWVXUOHVF{WpV
 UHPSODFH]O DPSRXOHJULOOpHSDUXQHDPSRXOHGHPrPHW\SH
GLVSRQLEOHXQLTXHPHQWDXSUqVGHQRWUH6HUYLFH$SUqVYHQWH
HWGHQRV5HYHQGHXUVDJUppV
 UHPRQWH]O pFUDQSURWHFWHXUHQSURFpGDQWGDQVOHVHQV
LQYHUVH
&RPPHQWUHPSODFHUO DPSRXOHLQIpULHXUHGHV
FRPSDUWLPHQWVUpIULJpUDWHXUHWFRQJpODWHXU
FHUWDLQVPRGqOHV  5HWLUH]O pFUDQSURWHFWHXUGHODODPSHHQVDLVLVVDQWVDSDUWLH
FHQWUDOHVXSpULHXUH
 WLUH]YHUVO DYDQWWRXWHQWRXUQDQWOpJqUHPHQWO pFUDQG XQ
F{Wp
 UHWLUH]O DPSRXOHJULOOpHHWUHPSODFH]ODSDUXQHDPSRXOH
VHPEODEOHGLVSRQLEOHXQLTXHPHQWDXSUqVGHQRWUH6HUYLFH
$SUqVYHQWHHWGHQRWUH5HYHQGHXUDJUppV
3RXUUHPHWWUHO pFUDQGHODODPSHHQSODFH
 6DLVLVVH]ODSDUWLHFHQWUDOHVXSpULHXUHGHO pFUDQGHODODPSH
 LQVpUH]OHVHUJRWVG XQF{WpGHO pFUDQGDQVOHVUDLQXUHV
 SOLH]GpOLFDWHPHQWO pFUDQHQVRQFHQWUHGHPDQLqUHjSRXYRLU
LQVpUHUOHVODQJXHWWHVGHO DXWUHF{Wp
63733126F.fm Page 40 Tuesday, February 22, 2005 10:48 AM
35(&$87,216(1&$6' $%6(1&(28'(
'(0(1$*(0(17
$EVHQFHVGHFRXUWHGXUpH
6LYRXVYRXVDEVHQWH]SHQGDQWPRLQVGHWURLVVHPDLQHVLOQ HVW
SDVQpFHVVDLUHGHGpEUDQFKHUOHUpIULJpUDWHXU&RQVRPPH]OHV
DOLPHQWVSpULVVDEOHVHWFRQJHOH]OHVDXWUHV
$EVHQFHVSURORQJpHV
6LYRXVSDUWH]SHQGDQWSOXVGHWURLVVHPDLQHVUHWLUH]WRXVOHV
DOLPHQWVGXUpIULJpUDWHXU'pEUDQFKH]OHUpIULJpUDWHXUHW
QHWWR\H]OH5LQFH]OHHWHVVX\H]OHVRLJQHXVHPHQW)L[H]GHV
FDOHVGHERLVRXGHSODVWLTXHjO DLGHG XQUXEDQDGKpVLIVXUOD
SDUWLHVXSpULHXUHGHVGHX[SRUWHVGHIDoRQjODLVVHUXQH
RXYHUWXUHVXIILVDQWHSRXUSHUPHWWUHjO DLUGHFLUFXOHUGDQVOHV
GHX[FRPSDUWLPHQWV&HODpYLWHUDODIRUPDWLRQG RGHXUVHWGH
PRLVLVVXUHV
'pPpQDJHPHQW
 5HWLUH]WRXVOHVpOpPHQWVDPRYLEOHVHQYHORSSH]OHV
VRLJQHXVHPHQWHWIL[H]OHVHQVHPEOHDYHFGHO DGKpVLISRXU
pYLWHUTX LOVQHV HQWUHFKRTXHQWRXVHGLVSHUVHQW
 6HUUH]OHVYLVGHPLVHjQLYHDX
 8WLOLVH]OHUXEDQDGKpVLISRXUVFHOOHUOHVGHX[SRUWHVGH
PrPHTXHSRXUIL[HUOHFRUGRQG DOLPHQWDWLRQVXUO DSSDUHLO
&RXSXUHGHFRXUDQW
(QFDVGHFRXSXUHGHFRXUDQWUHQVHLJQH]YRXVDXSUqVGX
EXUHDXORFDOGHODVRFLpWpGHGLVWULEXWLRQG pOHFWULFLWpSRXU
FRQQDvWUHODGXUpHGHO LQWHUUXSWLRQ
6LODFRXSXUHGHFRXUDQWHVWG XQHGXUpHPD[LPXPGH
KHXUHVPDLQWHQH]OHVGHX[SRUWHVGHO DSSDUHLOIHUPpHV
&HODSHUPHWDX[DOLPHQWVGHUHVWHUIURLGVOHSOXVORQJWHPSV
SRVVLEOH
6LODFRXSXUHGHFRXUDQWHVWVXSpULHXUHjKHXUHV{WH]WRXV
OHVDOLPHQWVFRQJHOpVHWPHWWH]OHVGDQVXQFRQJpODWHXUEDKXW
6LYRXVQHGLVSRVH]SDVGHFHW\SHGHFRQJpODWHXUHWVLYRXV
Q DYH]SDVGHJODFHDUWLILFLHOOHHVVD\H]GHFRQVRPPHUOHV
DOLPHQWVOHVSOXVSpULVVDEOHV
6RXYHQH]YRXVTX XQFRQJpODWHXUUHPSOLG DOLPHQWVVXUJHOpV
FRQVHUYHOHIURLGSOXVORQJWHPSVTX XQFRQJpODWHXUjPRLWLp
SOHLQ
9LGH]OHEDFjJODoRQV
'HSOXVXQFRQJpODWHXUUHPSOLGHYLDQGHVXUJHOpHFRQVHUYHOH
IURLGEHDXFRXSSOXVORQJWHPSVTX XQFRQJpODWHXUFRQWHQDQW
GHVSODWVFXLVLQpVVXUJHOpV
6LOHVDOLPHQWVVRQWWRXMRXUVUHFRXYHUWVGHFULVWDX[GHJODFHLO
HVWSRVVLEOHGHOHVUHFRQJHOHUVDQVULVTXH/HXUDSSDUHQFHHW
OHXUJRWVHURQWWRXWHIRLVSUREDEOHPHQWGLIIpUHQWV6LOHV
DOLPHQWVVRQWGDQVXQPDXYDLVpWDWHWVLYRXVSHQVH]FRXULUXQ
ULVTXHHQOHVUHFRQJHODQWMHWH]OHV
63733126F.fm Page 41 Tuesday, February 22, 2005 10:48 AM
',$*1267,&5$3,'($66,67$1&(
$YDQWG DSSHOHUOH6HUYLFHDSUqVYHQWH
/HVSUREOqPHVGHIRQFWLRQQHPHQWVRQWVRXYHQW
SURYRTXpVSDUGHSHWLWVLQFLGHQWVDX[TXHOVYRXV
SRXUUH]IDFLOHPHQWUHPpGLHUSDUYRXVPrPHVDQVRXWLO
SDUWLFXOLHU
/·DSSDUHLOQHIRQFWLRQQHSDV
 /HUpIULJpUDWHXUHVWLOELHQEUDQFKpjXQHSULVHVHFWHXU
DOLPHQWpHSDUOHYROWDJHDGpTXDW"
 $YH]YRXVFRQWU{OpOHVIXVLEOHVGHYRWUHLQVWDOODWLRQ
pOHFWULTXH"
,O\DGHVEUXLWVRXGHVYLEUDWLRQV
/DSOXSDUWGHVEUXLWVVRQWQRUPDX[/HVVXUIDFHVGXUHV
WHOOHVTXHOHVROOHVPXUVHWOHVPHXEOHVSHXYHQWDPSOLILHU
OHVVRQV9RXVWURXYHUH]FLGHVVRXVOHVW\SHVGHEUXLWVOHV
SOXVFRXUDQWVDLQVLTXHOHXUVFDXVHVSUREDEOHV
 /pJHUERXUGRQQHPHQW
3HXWrWUHGDXPRWHXUGXYHQWLODWHXUHWDX
GpSODFHPHQWGHO DLU
 &OLTXHWLV
$XGpPDUUDJHDUUrWGXFRPSUHVVHXULOHVWSRVVLEOH
G HQWHQGUHXQGpFOLFWRXWFRPPHDXGpEXWHWjODILQGX
F\FOHGHGpJLYUDJH&HFLHVWWRXWjIDLWQRUPDO
,O\DGHO HDXGDQVOHEDFGHGpJLYUDJH
 &HODHVWQRUPDOSDUWHPSVFKDXGHWKXPLGH/HEDF
SHXWPrPHrWUHjPRLWLpSOHLQ9pULILH]TXHOH
UpIULJpUDWHXUHVWGHQLYHDXDILQG pYLWHUTXHOHEDFQH
GpERUGH
/HVERUGVGXUpIULJpUDWHXUTXLVRQWHQFRQWDFWDYHF
OHVMRLQWVG pWDQFKpLWpGHODSRUWHVRQWFKDXGVDX
WRXFKHU
 &HODHVWQRUPDOSDUWHPSVFKDXGORUVTXHOH
FRPSUHVVHXUHVWHQPDUFKH
/DOXPLqUHQHV DOOXPHSDV
 $YH]YRXVFRQWU{OpOHVIXVLEOHVGHYRWUHLQVWDOODWLRQ
pOHFWULTXH"
 /HUpIULJpUDWHXUHVWLOELHQEUDQFKpjXQHSULVHVHFWHXU
DOLPHQWpHSDUOHYROWDJHDGpTXDW"
 / DPSRXOHHVWHOOHJULOOpH"
/ DPSRXOHHVWJULOOpH
'pEUDQFKH]WRXMRXUVO DSSDUHLO
&RQVXOWH]OHFKDSLWUH´(QWUHWLHQHW1HWWR\DJHµ
/HPRWHXUVHPEOHIRQFWLRQQHUVDQVDUUrW
 <DWLOGHODSRXVVLqUHRXGHVPRXWRQVVXUOH
FRQGHQVHXU JULOOHDUULqUH "
 /HVSRUWHVIHUPHQWHOOHVFRUUHFWHPHQW"
 /HVMRLQWVGHSRUWHVRQWLOVELHQpWDQFKHV"
 3DUWHPSVFKDXGRXGDQVXQHSLqFHFKDXGHOH
PRWHXUIRQFWLRQQHQDWXUHOOHPHQWSOXVORQJWHPSV
6LODSRUWHHVWUHVWpHORQJWHPSVRXYHUWHRXVLYRXVDYH]
VWRFNpXQHJUDQGHTXDQWLWpG DOLPHQWVGDQVO DSSDUHLOOH
PRWHXUIRQFWLRQQHUDSOXVORQJWHPSVDILQGHUHIURLGLU
O LQWpULHXUGXFRPSDUWLPHQW
GLIIpUHQWVIDFWHXUVQRPEUHG RXYHUWXUHVGHODSRUWH
TXDQWLWpG DOLPHQWVVWRFNpVWHPSpUDWXUHGHODSLqFH
UpJODJHGHVWKHUPRVWDWV
6LDSUqVDYRLUHIIHFWXpOHVYpULILFDWLRQVFLGHVVXVYRWUH
DSSDUHLOQHIRQFWLRQQHWRXMRXUVSDVFRUUHFWHPHQW
SUHQH]FRQWDFWDYHFOH6HUYLFH$SUqVYHQWH([SOLTXH]
FODLUHPHQWFHTXLQHYDSDVHWLQGLTXH]OHW\SHHWOH
QXPpURGHVpULHGHYRWUHDSSDUHLO FHVGRQQpHVILJXUHQW
VXUODSODTXHVLJQDOpWLTXH /DWHPSpUDWXUHGXUpIULJpUDWHXUHVWWURSpOHYpH
 /HVUpJODJHVGXUpIULJpUDWHXUVRQWLOVFRUUHFWV"
 8QHJUDQGHTXDQWLWpG DOLPHQWVDWHOOHpWpLQWURGXLWH
GDQVOHUpIULJpUDWHXURXOHFRQJpODWHXU"
 /HVSRUWHVQHVRQWHOOHVSDVRXYHUWHVWURS
IUpTXHPPHQW
 /DIHUPHWXUHGHVSRUWHVV HIIHFWXHWHOOH
FRUUHFWHPHQW
 /HVERXFKHVG DpUDWLRQGXFRPSDUWLPHQWQHVRQW
HOOHVSDVREVWUXpHV"&HODHPSrFKHUDLWHQHIIHWOD
FLUFXODWLRQGHO DLUIURLG
'HODFRQGHQVDWLRQVHIRUPH
 /HVERXFKHVG DpUDWLRQGXFRPSDUWLPHQWQHVRQW
HOOHVSDVREVWUXpHV" HPSrFKDQWODOLEUHFLUFXODWLRQ
GHO DLU  /HVDOLPHQWVVRQWLOVHPEDOOpVFRUUHFWHPHQW(VVX\H]
WRXWHFRQGHQVDWLRQSUpVHQWHVXUOHVUpFLSLHQWVDYDQW
GHOHVSODFHUDXUpIULJpUDWHXU
 /HVSRUWHVQHVRQWHOOHVSDVRXYHUWHVWURS
IUpTXHPPHQW/RUVTXHODSRUWHHVWRXYHUWH
O KXPLGLWpGHO DLUDPELDQWSpQqWUHGDQVOH
UpIULJpUDWHXU3OXVODSRUWHHVWRXYHUWHSOXV
O KXPLGLWpVHIRUPHUDSLGHPHQWHQSDUWLFXOLHU
ORUVTXHODSLqFHHVWHOOHPrPHKXPLGH
 6LODSLqFHHVWWUqVKXPLGHLOHVWQRUPDOTXHGHOD
FRQGHQVDWLRQVHIRUPHjO LQWpULHXUGXUpIULJpUDWHXU
 ,OHVWQRUPDOTXHGHVJRXWWHVG HDXVHIRUPHQWVXUOD
SDURLDUULqUHGXUpIULJpUDWHXUjODVXLWHGXF\FOH
G DXWRGpJLYUDJH
/HVSRUWHVQHVHIHUPHQWSDVHWQHV RXYUHQWSDV
FRUUHFWHPHQW
 9pULILH]TXHGHVDOLPHQWVQHEORTXHQWSDVODSRUWH
 9pULILH]TXHOHVSODWHDX[OHVFOD\HWWHVOHVEDFVRXOH
GLVWULEXWHXUGHJODFHVRQWELHQHQSODFH
 9pULILH]TXHOHVMRLQWVGHVSRUWHVQHVRQWSDVVDOHVRX
FROODQWV
 $VVXUH]YRXVTXHO DSSDUHLOHVWGHQLYHDX
­QRWHU
/DGXUpHGHIRQFWLRQQHPHQWGXPRWHXUGpSHQGGH
">
									 
							
						Link público atualizado
O link público para o seu chat foi atualizado.