The balance sheet for Compre Ltd is presented below. Perform a horizontal analysis of the change (in absolute and percentage terms) between the year-end figures. Identify any significant variations that warrant further investigation. Analyse why the variations have occurred.

Compre Ltd Balance sheet 2013 2012 Current assets Cash assets Receivables Inventories Other current assets Total current assets Non-current assets Receivables Inventories Property, plant and equipment Agricultural assets Intangible assets Deferred tax assets Other non-current assets Total non-current assets Total assets Current liabilities Payables Interest bearing liabilities Current tax liabilities Provisions Total current liabilities Non-current liabilities Interest-bearing liabilities Deferred tax liabilities Provisions Total non-current liabilities Total liabilities Net assets Shareholders interest Contributed equity Reserves Retained earnings Total equity S 178 1356 996 1305 3835 $ 2120 1700 362 3354 7536 102 158 9200 59910 1563 47 150 3 232 20612 20 40 24109 27944 70980 78516 943 2730 1138 1430 6241 3872 1 158 1216 278 6524 7541 409 26657 757 7951 14 192 $13 752 27 415 33 939 $44577 10 144 1 104 2504 $13752 35655 1745 $44577