Are there items that suggest a trend in weaker performance?

Common size Consolidated Balance Sheets - Euro () $ in Millions Dec. 31, 2019 Common size 2019 Dec. 31 2018 Dec. 31, 2017 Common size 2017 2018 Current assets: Inventories Trade and other receivables 5472 17.48% 5015 16.88% 4788 16.60% 2694 8.61% 2678 9.01% 2592 8.99% Corporate tax receivable Assets held for sale Other financial assets Cash and cash equivalents Total current assets: Non-current assets: 83 65 127 932 9373 0.27% 0.21% 0.41% 2.98% 29.95% 65 24 35 874 8691 0.22% 0.08% 0.12% 2.94% 29.25% 81 1191 8652 0.28% 4.13% 29.99% 0.00% 0.00% 0.00% Intangible assets Property, plant and equipment Biological assets Investments in associates and joint ventures Other investments Other receivables Other financial assets Deferred tax assets Post employment benefit assets Total noncurrent assets Total assets Current liabilities: Borrowings and bank overdrafts Other financial liabilities Trade and other payables Liabilities held for sale 12557 4455 34 3173 49 53 404 138 1060 21923 31296 40.12% 14.24% 0.11% 10.14% 0.16% 0.17% 1.29% 0.44% 3.39% 70.05% 100.00% 0.00% -6.26% -1.06% -13.43% 12572 4089 23 3009 46 46 182 122 935 21024 29715 42.31% 13.76% 0.08% 10.13% 0.15% 0.15% 0.61% 0.41% 3.15% 70.75% 100.00% 0.00% -6.15% -0.77% -13.29% 12566 4014 21 2824 31 58 267 134 281 20196 28848 43.56% 13.91% 0.07% 9.79% 0.11% 0.20% 0.93% 0.46% 0.97% 70.01% 100.00% 0.00% -8.52% -0.75% -12.35% -1959 -333 -4202 -1828 -230 -3950 -2459 -215 -3563 -32 -0.10% Corporate tax payable -378 -1.21% -243 -0.82% -294 -1.02% -99 -0.32% -109 -0.37% -129 -0.45% Provisions Total current liabilities -7003 -22.38% -6360 -21.40% -6660 -23.09% Non-current liabilities Borrowings Other financial liabilities Other payables Provisions Deferred tax liabilities Post employment benefit liabilities Total noncurrent liabilities Total liabilities Net assets Equity Share capital Share premium Other reserves Retained earnings Equity attributable to equity shareholders of the parent company -10596 -124 -222 -317 -2032 -846 -14137 -21140 10156 0.00% -33.86% -0.40% -0.71% -1.01% -6.49% -2.70% 45.17% -67.55% 32.45% 0.00% 2.41% 4.31% 7.58% 12.42% -8074 -212 -209 -288 -1987 -872 -11642 -18002 11713 0.00% -27.17% -0.71% -0.70% -0.97% -6.69% -2.93% -39.18% -60.58% 39.42% 0.00% 2.62% 4.54% 7.18% 19.14% -6583 -383 -24 -286 -2112 -772 -10160 -16820 12028 0.00% -22.82% -1.33% -0.08% -0.99% -7.32% -2.68% -35.22% -58.31% 41.69% 0.00% 2.76% 4.67% 9.34% 18.98% 780 753 1350 2372 3886 1349 2133 5686 797 1348 2693 5475 8361 26.72% 9948 33.48% 10313 35.75% Non-controlling interests Total equity 1795 10156 5.74% 32.45% 1765 11713 5.94% 39.42% 1715 12028 5.94% 41.69% 12 Months Ended Consolidated Income Statement -Euro () $ in Millions 2019 Common size 1/S 2019 2018 Common size 1/S 2018 2017 Common size 1/S 2017 Sales Excise duties Net sales( total revenue) Cost of sales Gross ptofit 19294 -6427 12867 -4866 149.95% -49.95% 100.00% -37.82% 18432 -6269 12163 -4634 151.54% -51.54% 100.00% -38.10% 18114 -6064 12050 150.32% -50.32% 100.00% -38.84% -4680 8001 62.18% 7529 61.90% 7370 61.16% -1882 -15.47% -1798 -2013 -1956 3691 -16.08% 30.35% Marketing Other operating expenses Operating profit Non-operating items Finance income Finance charges Share of after tax results of associates and joint ventures -2042 -1917 4042 144 442 -705 -15.87% -14.90% 31.41% 1.12% 3.44% -5.48% 3559 20 235 -564 -14.92% -16.71% 29.54% 0.17% 1.95% -4.68% 243 -503 2.00% -4.14% 312 2.42% 309 2.54% 309 2.56% Profit before taxation 4235 32.91% 3740 30.75% 3559 29.54% -898 3337 -6.98% 25.93% -596 3144 -4.90% 25.85% Taxation Profit from continuing operations Discontinued operations Profit for the year -732 2827 -55 2772 -6.07% 23.46% -0.46% 23.00% 3337 25.93% 3144 25.85% Financial Ratios (Use data from 2019 Annual report);Make sure you write down calculation formula rather than typing in numbers Turnover ratios A/R Turnover 5.95 3.32 A/P Turnover purchase=COGS+Ending Inventory-Beginning Invento Inventory Turnover 0.93 Short-term liquidity ratios Current ratio 1.34 Quick ratio 0.94 Operating cash flow to current liabilities ratio 0.49 Leverage ratios Liability to asset ratio Liability to shareholder's equity ratio Long-term debt to long-term capital ratio Long-term debt to shareholder's equity ratio 0.68 2.53 0.62 1.66 Long term solvency ratios Interest coverage ratio (Net income basis) Interest coverage ratio (Cash flow basis) 29.91 9.66 Return on equity ratio 1.41