Notes to the 2020 Financial Statements and Covid implications

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The Financial Statements referred to the year 2020 reflect the consequences of the pandemic that has affected the global economies and businesses.

Due to special legislations regarding the 2020 Financial Statements, the Notes have to explain the decisions carried out by the Directors related to depreciation, going concern, recapitalization of losses and other peculiarities introduced by the temporary framework.

Qualitative information therefore plays a relevant part in the financial reporting of those Financial Statements.

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