Artículo 13.10. PS 1 Paragraph 13.10

To explain an entity’s financial performance or financial position, management commentary might provide analyses that involve adjusting amounts reported in the entity’s financial statements to exclude the effects of some events or circumstances. For example, a constant currency analysis could present performance comparisons that exclude the effects of currency variations, a pro forma analysis could present ‘like for like’ performance comparisons that exclude the effects of new stores or acquired businesses, or a bridge analysis could identify the components of performance variances between the current and previous reporting periods. Any such analyses provided in management commentary form part of the management commentary and therefore need to possess the attributes required by Chapter 5 , be coherent and comply with requirements for metrics specified in Chapter 7 . For example, the analyses need to provide a balanced picture of the entity’s financial performance or financial position, precise descriptions of the adjustments made to the amounts reported in the financial statements and all the information necessary for users to understand those adjustments.