IDENTIFY THE PROBLEMS THAT THE COMPANY MAY FACE BASED ON YOUR CALCULATION USING THE HORIZONTAL ANALYSIS.

Increase (Decrease) amount Increase (Decrease) % 2018 2017 Sales 91,439 89,590 1,849 2.06% Other revenue 311 332 21 -6.33% Cost of goods sold 46,070 45,571 499 -1.09% Distribution expenses 8,469 8,023 446 -5.56% Marketing & administration expenses 20,003 19,818 185 -0.93% R&D costs 1,687 1,739 52 2.99% Other trading income 37 112 75 -66.96% Other trading expenses 1,769 1,606 163 -10.15% Trading operating profit 13,789 13,277 512 3.86% Other operating income 2,535 379 2,156 568.87% Other operating expenses 2,572 3,500 928 26.51% Operating profit 13,752 10,156 3,596 35.41% Financial income 247 152 9562.50% Financial expenses 1,008 848 160 -18.87% Profit before taxes, associates and JV 12,991 9,460 3,531 37.33% Distribution expenses 8,469 8,023 446 -5.56% Marketing & administration expenses 20,003 19,818 185 -0.93% R&D costs 1,687 1,739 52 2.99% Other trading income 37 112 75 -66.96% Other trading expenses 1,769 1,606 163 -10.15% Trading operating profit 13,789 13,277 512 3.86% Other operating income 2,535 379 2,156 568.87% Other operating expenses 2,572 3,500 928 26.51% Operating profit 13,752 10,156 3,596 35.41% Financial income 247 152 95 62.50% Financial expenses 1,008 848 160 -18.87% Profit before taxes, associates and JV 12,991 9,460 3,531 37.33% Taxes 3,439 2,773 666 -24.02% Income from associates and JV 916 824 9211.17% Profit for the year 10,468 7,511 2,957 39.37% of which attributable to non controlling interests 333 355 22 -6.20% of which attributable to shareholders of the parent 10,135 7,156 2,979 41.63% Guidelines: 1. The student must find a publicly listed company for his/her analysis. Use the Phil. Stock Exchange in looking for a Publicly Listed Company. 2. The statement of Financial Position and Statement of Financial Performance of the chosen company must also be submitted by the student. Utilize the 2017 and 2018 Annual Financial Statement 3. The student must provide a report analysis. The report analysis must contain the following: a. Horizontal Analysis of the FS i Part 1: Horizontal analysis ratios. (Utilize the 2017 and 2018 Fs here) L. Part 2: Identify the problems that the company may face based on your calculation using the horizontal analysis. ii. Part 3: Recommendations or possible solutions on the problems identified using Horizontal Analysis. Increase (Decrease) amount Increase (Decrease) % 2018 2017 Sales 91,439 89,590 1,849 2.06% Other revenue 311 332 21 -6.33% Cost of goods sold 46,070 45,571 499 -1.09% Distribution expenses 8,469 8,023 446 -5.56% Marketing & administration expenses 20,003 19,818 185 -0.93% R&D costs 1,687 1,739 52 2.99% Other trading income 37 112 75 -66.96% Other trading expenses 1,769 1,606 163 -10.15% Trading operating profit 13,789 13,277 512 3.86% Other operating income 2,535 379 2,156 568.87% Other operating expenses 2,572 3,500 928 26.51% Operating profit 13,752 10,156 3,596 35.41% Financial income 247 152 9562.50% Financial expenses 1,008 848 160 -18.87% Profit before taxes, associates and JV 12,991 9,460 3,531 37.33% Distribution expenses 8,469 8,023 446 -5.56% Marketing & administration expenses 20,003 19,818 185 -0.93% R&D costs 1,687 1,739 52 2.99% Other trading income 37 112 75 -66.96% Other trading expenses 1,769 1,606 163 -10.15% Trading operating profit 13,789 13,277 512 3.86% Other operating income 2,535 379 2,156 568.87% Other operating expenses 2,572 3,500 928 26.51% Operating profit 13,752 10,156 3,596 35.41% Financial income 247 152 95 62.50% Financial expenses 1,008 848 160 -18.87% Profit before taxes, associates and JV 12,991 9,460 3,531 37.33% Taxes 3,439 2,773 666 -24.02% Income from associates and JV 916 824 9211.17% Profit for the year 10,468 7,511 2,957 39.37% of which attributable to non controlling interests 333 355 22 -6.20% of which attributable to shareholders of the parent 10,135 7,156 2,979 41.63% Guidelines: 1. The student must find a publicly listed company for his/her analysis. Use the Phil. Stock Exchange in looking for a Publicly Listed Company. 2. The statement of Financial Position and Statement of Financial Performance of the chosen company must also be submitted by the student. Utilize the 2017 and 2018 Annual Financial Statement 3. The student must provide a report analysis. The report analysis must contain the following: a. Horizontal Analysis of the FS i Part 1: Horizontal analysis ratios. (Utilize the 2017 and 2018 Fs here) L. Part 2: Identify the problems that the company may face based on your calculation using the horizontal analysis. ii. Part 3: Recommendations or possible solutions on the problems identified using Horizontal Analysis