Artículo 1.11. PS 1 Paragraph 1.11

Chapter 3 sets out the objective of management commentary, together with supporting explanations. For example, it explains that an entity’s management commentary: (a) is prepared for the entity’s existing and potential investors, lenders and other creditors, who are the primary users of general purpose financial reports (users) ; and (b) provides management’s perspective of the factors that have affected the entity’s financial performance or financial position, or that could affect the entity’s ability to create value and generate cash flows in the future.