Artículo 1.16. PS 1 Paragraph 1.16

Chapters 8⁠–⁠13 specify six areas of content to be included in management commentary: (a) the entity’s business model—how the entity creates value and generates cash flows; (b) management’s strategy for sustaining and developing that business model, including the opportunities management has chosen to pursue; (c) the resources and relationships on which the business model and strategy depend, including resources not recognised as assets in the entity’s financial statements; (d) risks that could disrupt the business model, strategy, resources or relationships; (e) factors and trends in the external environment that have affected or could affect the business model, strategy, resources, relationships or risks; and (f) the entity’s financial performance and financial position—including how they have been affected or could be affected in the future by the matters discussed for the other areas of content.