The company”s significant transactions with Government G and other entities controlled, jointly controlled or significantly influenced by Government G are a large portion of its sales of goods and purchases of raw materials [alternatively – about 50% of its sales of goods and services and about 35% of its purchases of raw materials].
The company also benefits from guarantees by Government G of the company”s bank borrowing. See Note X of the financial statements for disclosure of government assistance as required by IAS 20.
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