Integrated
Report 2022

5.1. Assessment of legitimacy of the going concern assumption

Based on the analyses as at the date of preparing these statements, the Management Board believes that there is no hazard to the continuation of the Group operations in the foreseeable future covering the period of at least 12 months of the balance-sheet date.

The analyses comprised, in particular, the assessment of the impact of COVID-19 pandemics on the activities of the Group (note 5.3), climate issues (notes 5.4 and 36.6), and war in Ukraine (note 5.2). The analyses comprised many factors which may change in the future.