CONTENT 118 GROUP MANAGEMENT REPORT 120 BUSINESS TREND LOOKING BACK ON FINANCIAL YEAR 2020/2021 121 PERFORMANCE INDICATORS 123 DEVELOPMENT OF THE MARKET AND COMPETITIVE ENVIRONMENT 127 GENERAL INFORMATION ABOUT THE COMPANY GROUP STRUCTURE AND BUSINESS OPERATIONS 128 ORGANISATION OF MANAGEMENT AND CONTROL 131 INTERNAL MANAGEMENT AND CONTROL SYSTEM 132 CORPORATE STRATEGY 134 DIVIDEND POLICY 135 SEPARATE NON-FINANCIAL GROUP REPORT 136 POSITION OF THE COMPANY DEVELOPMENT OF PERFORMANCE INDICATORS 140 RESULTS OF OPERATIONS 141 REVENUE TREND 146 DEVELOPMENT OF SIGNIFICANT OPERATING EXPENSES 148 ANALYSIS OF CAPITAL STRUCTURE DEVELOPMENT AND PERFORMANCE OF THE BUSINESS 150 ANALYSIS OF CAPITAL EXPENDITURE 151 ANALYSIS OF LIQUIDITY NET ASSETS OVERALL ASSESSMENT OF FINANCIAL POSITION AND PERFORMANCE AND BUSINESS DEVELOPMENT 152 REMUNERATION REPORT 153 THE INTERNAL CONTROL AND RISK MANAGEMENT SYSTEM AS IT RELATES TO THE ACCOUNTING PROCESS 154 OPPORTUNITY AND RISK REPORT RISK MANAGEMENT 164 OPPORTUNITIES 165 OVERALL ASSESSMENT OF THE RISKS AND OPPORTUNITIES 166 REPORT ON EXPECTED DEVELOPMENTS EXPECTED DEVELOPMENT OF THE COMPANY EXPECTED GENERAL ECONOMIC ENVIRONMENT 169 EXPECTED RESULTS OF OPERATIONS 170 EXPECTED DIVIDENDS EXPECTED FINANCIAL POSITION 171 OVERALL ASSESSMENT OF EXPECTED PERFORMANCE 171 OTHER DISCLOSURES 173 DISCLAIMER 174 CONSOLIDATED FINANCIAL STATEMENTS 176 CONSOLIDATED STATEMENT OF FINANCIAL POSITION 177 CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME 178 CONSOLIDATED STATEMENT OF CASH FLOWS 179 CONSOLIDATED STATEMENT OF CHANGES IN EQUITY 180 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS BASIC PRINCIPLES 197 NOTES TO THE CONSOLIDATED STATEMENT OF FINANCIAL POSITION 207 NOTES TO THE CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME 212 OTHER DISCLOSURES 225 INDEPENDENT AUDITOR’S REPORT 234 FINANCIAL CALENDAR / PUBLICATION DETAILS 5