Artículo 12.8. PS 1 Paragraph 12.8

In providing material information to meet the disclosure objectives in paragraphs 12.5⁠–⁠12.6 , management commentary shall focus on key factors and trends in the entity’s external environment. Key factors and trends are factors and trends that have had, or could have, a fundamental effect on the entity’s ability to create value and generate cash flows, including in the long term.