IV.Operating and financial review and prospectsU.K.
The purpose is to provide the management's explanation of factors that have affected the company's financial condition and results of operations for the historical periods covered by the financial statements, and management's assessment of factors and trends which are expected to have a material effect on the company's financial condition and results of operations in future periods.
A.
Operating results
B.
Liquidity and capital resources
C.
Research and development, patents and licences, etc.
D.
Trends