THE PRINCIPLES OF MANAGEMENT COMMENTARY

The purpose of the Management Commentary (MC) is to present a balanced and comprehensive analysis of the position and performance of the entity in the year. In addition, it also deals with the main trends and factors behind the development, position and performance of the entity and those factors that are likely to affect the entity in the future.

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THE OBJECTIVES AND CONTENTS OF A MANAGEMENT COMMENTARY

The International Accounting Standards Boards (IASB) believes that the objective of a Management Commentary has three elements, i.e. to provide information to help investors:

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