Artículo 12.14. PS 1 Paragraph 12.14

Material information about how factors and trends in the entity’s external environment have affected or could affect the entity (see paragraph 12.6(b) ) could include: (a) information about how factors and trends in the external environment have affected or could affect in the short, medium or long term: (i) the entity’s business model—for example, if a regulatory change is expected to impose costs that make the entity’s products or services less competitive; (ii) management’s strategy for sustaining and developing the business model—for example, if the emergence of new ways of meeting customer needs has provided an opportunity to reposition the entity’s products; (iii) resources or relationships—for example, if increasing demand for skilled workers has made it more difficult for the entity to retain such workers; or (iv) risks the entity faces—for example, if political instability increases the risk of future shortages of a resource; and (b) if the effect of a trend or factor on the entity is uncertain, an explanation of the uncertainty, and information about: (i) how the trend or factor is expected to develop over the short, medium and long term; and (ii) the range of possible outcomes for the entity.