Artículo 4.16. PS 1 Paragraph 4.16

Some matters discussed in management commentary relate to possible future events that have not affected the entity’s financial performance or financial position, are not reported in the entity’s financial statements and have uncertain outcomes. In judging whether information about such possible future events is material, management considers: (a) the potential effects of the events on the amount and timing of the entity’s future cash flows, including in the long term (the possible outcome); and (b) the full range of possible outcomes and the likelihood of the possible outcomes within that range. Note (a) Information about an uncertain future event is more likely to be judged material if both the potential effects are significant and the event is likely to occur. However, information about an unlikely event might be material if the potential effects are so significant that the information could reasonably be expected to influence users’ decisions. (b) Users’ assessments of future cash flows take account of the time value of money. Accordingly, if a possible future event is expected to affect an entity’s cash flows in the short term, information about that event is usually more likely to be judged material than information about a possible future event with similar effects that is expected to occur at a later time.