Analyze the trend of all the items (Horizontal Analysis) of income statement of the chosen company for 2019 and 2020, taking 2019 as the base year. Interpret the result of horizontal analysis for Income Statement.

SQUARE TEXTILES LIMITED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE YEAR ENDED JUNE 30, 2020 Standalone Particulars Notes 2019-2020 2018-2019 Taka Taka Sales Revenue 20 8,896,244,091 9,505,326,369 (8,822,382,013) SQUARE TEXTILES LIMITED Statement of Profit or Loss and other Comprehensive Income For the Year Ended June 30, 2019 Particulars Notes 2018-2019 Taka Cost of Goods Sold 21 (7,944,893,270) Gross Profit 682,944,356 2017-2018 Taka 951,350,821 22 (225,411,308) (241,149,856) (12,351,542) SALES REVENUE 20 8,896,244,091 6,367,124,698 23 (13,562,392) Cost of Goods Sold 21 (7,944,893,270) (5,695,595,049) 443,970,656 697,849,423 GROSS PROFIT 951,350,821 671,529,649 Administrative Overhead Selling and Distribution Overhead Profit from Operations Finance Cost Non-Operating Income Profit Before W.P.P.F & W.F Allocation for W.P.P.F & W.F 24 (365,116,812) 15,793,123 22 (241,149,856) (221,509,044) 25 Administrative Expenses Selling and Distribution Expenses 23 (12,351,542) (254,157,870) 14,014,592 457,706,145 (21,795,531) 435,910,614 (5,834,014) ( 94,646,967 26 697,849,423 PROFIT FROM OPERATIONS (4,506,998) 444,186,591 Finance Cost 24 (254,157,870) (86,090,059) Q Profit Before Tax Provision for Tax (Current) Deferred Tax Income/(Expenses) 27 90,139,969 (59,784,898) 21,006,764 25 14,014,592 7,350,278 (35,860,653) (53,587,981) Non-Operating Income PROFIT BEFORE W.P.P.F & W.F 457,706,145 365,446,810 51,361,835 346,461,980 26 Allocation for W.P.P.F & W.F (21,795,531) (17,402,229) Profit After Tax Other Comprehensive Income PROFIT BEFORE TAX 435,910,614 348,044,581 Total Comprehensive Income 51,361,835 346,461,980 Provision for Tax (Current) 27 (35,860,653) (38,200,677) Provision for Tax (Deferred) (53,587,981) (18,929,976) Earnings Per Share (EPS) 28 0.26 1.76 PROFIT AFTER TAX FOR THE YEAR 346,461,980 290,913,928 (Transferred to the Statement of Changes Equity) Earning Per Share (EPS)-Restated 28 1.76 1.47