Management's discussion and analysis of financial condition and results of operations section of the annual report is the company's attempt to explain its financial statements and discuss its performance.

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Management's discussion and analysis (MD&A) section in the annual report provides an overview of the company's financial performance, including explanations for any changes or variations in financial statements, management's assessment of future prospects, and risks facing the company. It is intended to help stakeholders, including shareholders, investors, and analysts, to understand the company's financial condition and performance better.

Management's Discussion and Analysis of Financial Condition and Results of Operations