This management’s discussion and analysis (“MD&A”) of financial condition and results of operations of Baylin Technologies Inc. (“Baylin”, the “Company”, “we” or “us”) was prepared by management as at February 28, 2018. This MD&A should be read in conjunction with the audited consolidated financial statements of Baylin for the years ended December 31, 2017 (“fiscal 2017”) and December 31, 2016 (“fiscal 2016”) and the related notes included therein (collectively, the “Financial Statements”). The Financial Statements have been prepared using accounting policies consistent with International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board (“IASB”). In preparing this MD&A, management has taken into account information available to it up to February 28, 2018, unless otherwise stated.
Additional information relating to the Company, including our most recent Annual Information Form, may be found at www.sedar.com. Unless otherwise stated, all amounts shown in this MD&A are in Canadian dollars. Effective January 1, 2017, Baylin changed its presentation currency from United States dollars (“USD”) to Canadian dollars. In accordance with guidance provided in IAS 21 – The Effects of Changes in Foreign Exchange Rates and other IFRS, the Company has applied the change retrospectively and has restated financial information in this MD&A for prior years into CAD using the exchange rate in effect at the date of the change.