• Reliability and completeness
• Stakeholder relationships

Key observations:

The report deals with suggestions from the company’s stakeholders on a wide range of business issues in an open manner. The company’s responses to these suggestions are then also discussed. The suggestions include reporting about the progress of the critical project, managerial system changes as a result of restructuring, and risks associated with political circumstances.

This, together with a description of the company's active engagement with stakeholders, enables readers to understand how the company strives to disclose their balanced approach.

JSC ARMZ's inclusion of the ‘statement of public assurance’ is notable in conjunction with the company’s open tone. This assurance work is initiated by an inclusive group of people with multiple backgrounds. The accuracy of the content is not assured, but the materiality and completeness are within the scope of the assurance work.