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"The state of the company's affairs" refers to a comprehensive description of a company's financial health, operations, and material events, often detailed in the Board's Report, covering performance, risks, major developments (like mergers or R&D), and compliance, to provide stakeholders with a true and fair view beyond just the balance sheet. It's a mandatory section in corporate disclosures, especially for annual filings.

"The state of the company's affairs" refers to a comprehensive description of a company's financial health, operations, and material events, often detailed in the Board's Report, covering performance, risks, major developments (like mergers or R&D), and compliance, to provide stakeholders with a true and fair view beyond just the balance sheet. It's a mandatory section in corporate disclosures, especially for annual filings