Artículo 5.8. PS 1 Paragraph 5.8

Achieving overall balance also requires balance in the selection of information to provide about the matters discussed, and in the presentation of that information. Illustration Information about a matter discussed in management commentary is not balanced if, for example, it: (a) includes only estimates or forecasts based on optimistic or pessimistic assumptions about the range and probability of possible outcomes, instead of neutral assumptions; (b) obscures favourable or unfavourable information—for example, by aggregating information that shows a negative trend with information that shows a positive trend; (c) exaggerates favourable or unfavourable information—for example, by curtailing the number of comparative periods for which information is provided, so that a trend is not shown; (d) omits information required for balance—for example, by attributing an improvement in an aspect of the entity’s financial performance to management’s actions without also identifying external contributing factors, by quantifying only one end of a range of outcomes for a matter, or by quantifying both ends of the range without disclosing that the outcomes at one end are more likely than those at the other end; or (e) uses unduly positive or negative language, leading to a biased tone.