Artículo 12.9. PS 1 Paragraph 12.9

Factors or trends management identifies as key could include those that relate to: (a) the entity’s business model—for example, social or political factors that have restricted or could restrict the entity’s ability to operate in a market; (b) management’s strategy for sustaining or developing the entity’s business model—for example, trends that have created or could create a market opportunity; (c) the entity’s resources or relationships—for example, changes in customer preferences that have affected or could affect customer loyalty; or (d) the risks to which the entity is exposed—for example, a local or regional trend towards more protectionist trade policies that create risks to the entity’s supply chains. Link Paragraph 4.16 discusses factors that management needs to consider in assessing whether information about a possible future event with an uncertain outcome is material.