Below is the Income statement for Capitec abank 2021- 2023.

Do a Ratio analysis and compare the years and provide interpretations of the results. Show calculations.

\begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Capitec Bank Income statements 2021-2023 } \\ \hline \multirow[b]{2}{*}{ R:000 } & \multicolumn{4}{|c|}{ Group } \\ \hline & Notes & 2021 & 2022 & 2023 \\ \hline \multirow{3}{*}{\begin{tabular}{l} Lending, investment and insurance income \\ Interest income calculated using the effective interest \\ rate \\ Interest income of financial assessts at FVTPL \end{tabular}} & 24 & 18478160 & 19962749 & 24175550 \\ \hline & 24 & 16544268 & 17454315 & 20783348 \\ \hline & 24 & & - & 415915 \\ \hline Loanfee income & 24 & 968658 & 968856 & 1087787 \\ \hline Net insurance income & 24 & 965234 & 1539578 & 1888500 \\ \hline Lending and investmentespenses & 24 & (5055828) & (4856 145) & (7001785) \\ \hline Interestexpense & 24 & (4984423) & (4837898) & (6992691) \\ \hline Loantee expense & 24 & (71405) & (18247) & (9094) \\ \hline \multicolumn{2}{|l|}{ Net lending, investment and insurance income } & 13422332 & 15106604 & 17173765 \\ \hline Transaction fee and commission income & 24 & 12039376 & 14533033 & 16561749 \\ \hline Transaction fee and commission expense & 24 & (3331885) & (4018567) & (5100638) \\ \hline Net transaction commission income & 24 & 8707491 & 10514466 & 11461111 \\ \hline Foreign currency income & & 409165 & 497605 & 494778 \\ \hline Foreign currency expense & & (298413) & (353212) & (332348) \\ \hline \multirow{5}{*}{\begin{tabular}{l} Dividend income \\ Funeral plan inoome \\ Other income \\ Credit impairments \end{tabular}} & 1 & 110752 & 144393 & 162430 \\ \hline & 25 & - & - & - \\ \hline & 9 & 650249 & 905847 & 1430912 \\ \hline & & 113813 & 290024 & 79200 \\ \hline & 26 & (7824721) & (3507754) & (6329385) \\ \hline \multirow{4}{*}{\begin{tabular}{l} Net income \\ Operating expenses \\ Share of net profit of associates and ioint ventures \\ Impairment of investment in associate \\ \end{tabular}} & & 15179916 & 23453580 & 23978033 \\ \hline & 27 & (9462434) & (12555023) & (11876702) \\ \hline & 12 & (7063) & 36189 & 97750 \\ \hline & 12 & (122202) & & \\ \hline \multirow{2}{*}{\begin{tabular}{l} Operating profit before tax \\ Incometax expense \end{tabular}} & & 5588217 & 10934746 & 12199081 \\ \hline & 28 & (1130 133) & (2407724) & (2491811) \\ \hline Profit for the year & & 4458084 & 8527022 & 9707270 \\ \hline \multirow{3}{*}{\begin{tabular}{l} Prorit ror the yed \\ Earnings per share (cents) \\ Basic- \\ Dilutes \\ \end{tabular}} & & & & \\ \hline & \begin{tabular}{l} 29 \\ 29 \end{tabular} & \begin{tabular}{l} 3850 \\ 3848 \end{tabular} & \begin{tabular}{l} 7371 \\ 7360 \end{tabular} & \begin{tabular}{l} 8415 \\ 8392 \end{tabular} \\ \hline & & & & \\ \hline \end{tabular} a) Horizontal analysis of the income statement: merutcontantion Horiz Capitec Bank lncome statements 2021-2023 Cash Flow