1. Prepare percentage change statements for the last two years by using the three years data for the statement of financial position and the income statement data. (Not required for Statement of Cash Flows).

2. Written Report to Accompany Spreadsheet Output:

The report should cover all the following areas:

a. Introduction of both companies (main and comparative company).

b. Industry Analysis using PESTLE and/or any other suitable tools.

c. Interpretation of the ratios computed, trend analysis, common size statements and percentage change statements. This should be clearly supported with objective evidences obtained from but not limited to annual reports, news articles and analysts forecast or reports.

d. Recommendation on which company would be better to invest in. The recommendation should be supported by the financial analysis performed above and non-financial factors which potential investors will look into.

OCBC & Singtel Bank