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1. Undertake a horizontal analysis of the Income Statement and Balance Sheet for the last two year.

2. Carry out a vertical analysis of the balance sheet and income sheet.

CARIBBEAN CREAM LIMITED Statement of Profit or Loss and Other Comprehensive Income Year ended February 28, 2021 (Expressed in Jamaica dollars unless otherwise stated) Gross operating revenue Cost of operating revenue Notes 2021 2020 13 1,870,138,069 1,706,358,991 14 (a) {1,245,049.430) (1,160,747.229) Gross profit 625,138,639 Other income 545,611,762 1,994, 192 547,605,964 625,138,639 Administrative, selling and distribution expenses: : Administrative Selling and distribution 14 (1) 14 (c) (427,856,374) (60,656,587) (488,512,961) (395,323,017) 168,301,238) (463,624 255) 1.804.151 Impairment recovered floss) on trade receivables Operating profit before finance costs and taxation (2.673,129) 81.308.570 138,429,829 Finance income interest 1,333,200 1,133,753 Finance costs 15 (21,262,694) (20,270,767) Profit before taxation 118,500,335 62,171,556 Taxation 16 (17,819,728) 7,602,157) Profit, being total comprehensive income for the year 100,680,607 54,569,399 Eamings per stock unit 17 0.27 0.14 CARIBBEAN CREAM LIMITED Statement of Financial Position February 28, 2021 (Expressed in Jamaica dollars unless otherwise stated) Noles 2021 2020 4 NON-CURRENT ASSETS Property, plant and equipment Right-of-use assets Total non-current assets 5 (a) 825,483.694 773,143,905 93,044 425 95,435,877 918 528 119 368,579,782 6 7 CURRENT ASSETS Cash and cash equivalents Trade and other receivables Tax recoverable Inventories Total current assets 217,283,548 129,196,815 93,514,369 58,211,081 779,621 162,352. 192 117.774.685 473.150.109 305,962,202 B 9 CURRENT LIABILITIES Trade and other payables Taxation payable Current portion of lease liabilities Current portion of long-term loans Total current liabilities Net current assets Total assets less current liabilities NON-CURRENT LIABILITIES 5(b) 10 214 491 486 185,346,512 10.734.482 17.456.686 19,539,121 6,977.778 27,441,951 249.660 432 232,327,584 223,489.677 73.634,618 1,142,017.796 942 214.400 10 5(b) Long-term loans Lease liabilities Deferred tax liability Total non-current liabilities 206,927 474 104,972,207 86.580.789 79,622,207 14,576.941 13,389,525 308,085 204 197,983,939 11 EQUITY 12 Share capital Accumulated profils Total equity Total non-current liabilities and equity 111.411,290 111,411,290 722 521,302 632,819,171 833.932.592 744,230,461 1,142,017.796 942,214,400