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      "text": "The annual report, in particular the report on expected developments included in the management report, includes various forecasts and expectations as well as statements relating to the future development of the TUI Group and TUI AG. These statements are based on assumptions and estimates and may entail known and unknown risks and uncertainties. Actual development and results as well as the financial and asset situation may therefore differ substantially from the expectations and assumptions made. This may be due to market fluctuations, the development of world market prices for commodities, of financial markets and exchange rates, amendments to national and international legislation and provision or fundamental changes in the economic and political environment. TUI does not intend to and does not undertake an obligation to update or revise any forward-looking statements to adapt them to events or developments after the publication of this annual report.",
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      "text": "CONTENTS FINANCIAL YEAR 2024 COMBINED MANAGEMENT REPORT CORPORATE GOVERNANCE CONSOLIDATED FINANCIAL STATEMENTS AND NOTES 175 Consolidated Financial Statements 180 Notes 276 Responsibility Statement by Management 277 Independent Auditor's Report 283 Report of the Independent Practitioner regarding the Non-Financial Group Declaration 285 Forward-Looking Statements",
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