Artículo 1.18. PS 1 Paragraph 1.18

Chapters 8⁠–⁠13 require management commentary to provide information that meets disclosure objectives specified for each area of content. The disclosure objectives in each chapter comprise: (a) a headline objective—describing the overall information needs of users for the area of content; and (b) specific objectives—describing the detailed information needs of users for the area of content. Note (a) The areas of content are interrelated. Information provided to help meet the disclosure objectives for one area might also help meet the disclosure objectives for other areas. For example, an analysis of an entity’s dependence on a resource—such as a commodity—could help users understand the entity’s exposure to risks relating to that resource, for example, commodity price volatility. Similarly, information about a sustainability-related factor could help users understand aspects of management’s strategy (for example, plans for developing a new product or entering a new market) or factors and trends in the entity’s external environment (for example, its regulatory environment). Information can help meet more than one disclosure objective without being duplicated in several sections of the management commentary. (b) Management applies the requirements and guidance in Part A in deciding how to select, organise and present the information required to meet the disclosure objectives. Management may apply the structure and headings used in Part B of this Practice Statement but is not required to do so.