Calculate ROE and its three components in 2020 and 2019, and analyse the companys profitability.

Calculate THREE liquidity and THREE solvency ratios in 2019 and 2020, and analyse the companys financial risk.

2019 2020 $M $M 1,775 784 100 351 12 97 3,119 1,980 795 229 336 17 101 3,458 123 134 43 46 214 197 12,253 11,670 1,025 909 39 252 14,102 13,247 17,221 16,705 444 Consolidated Balance Sheet CURRENT ASSETS Cash and cash equivalents Receivables Other financial assets Inventories Assets classified as held for sale Other Total current assets NON-CURRENT ASSETS Receivables Other financial assets Investments accounted for under the equity method Property, plant and equipment Intangible assets Deferred tax assets Other Total non-current assets Total assets CURRENT LIABILITIES Payables Revenue received in advance Interest-bearing liabilities Other financial liabilities Provisions Total current liabilities NON-CURRENT LIABILITIES Revenue received in advance Interest-bearing liabilities Other financial liabilities Provisions Deferred tax liabilities Total non-current liabilities Total liabilities Net assets EQUITY Issued capital Treasury shares Reserves Retained earnings Equity attributable to the company Non-controlling interests Total equity 2,067 3,685 433 69 841 7,095 1,986 3,525 441 203 873 7,028 1,424 1,521 4,405 4,421 56 61 348 414 353 6,586 6,417 13,681 13,445 3,540 3,260 3,259 (206) 12 472 3,537 3 3,540 3,625 (50) (220) (100) 3,255 5 3,260 2020 2019 Consolidated Income Statement $M $M REVENUE AND OTHER INCOME Net passenger revenue 13,857 13,961 Net freight revenue 808 850 Other 1,392 1,389 Revenue and other income 16,057 16,200 EXPENDITURE Manpower and staff related 4,033 3,865 Fuel 3,039 3,250 Aircraft operating variable 3,436 3,346 Depreciation and amortisation 1,382 1,224 Non-cancellable aircraft operating lease rentals 356 461 Share of net loss of investments accounted for under the equity method 7 0 Other 2,434 2,411 Expenditure 14,687 14,557 Statutory profit before income tax expense and net finance costs 1,370 1,643 Finance income 46 65 Finance costs (235) (284) Net finance costs (189) (219) Statutory profit before income tax expense 1,181 1,424 Income tax expense (328) (395) Statutory profit for the year 853 1,029