Item 19 (Financial Performance Representations)

Item 19, Financial Performance Representations, refers to statements a company makes about its past financial results, such as sales, profits, or growth. These claims are used to give potential investors an idea of how the business has performed historically. However, companies must ensure these representations are accurate and can be substantiated. If they make such claims, they should clearly specify whether the figures are typical or extraordinary to help investors make informed decisions. Essentially, it’s about transparently sharing past financial data used to support the company's future expectations.