Can you interpret this horizontal analysis?

Jollibee Foods Corp. Amounts in Php 000 STATEMENT OF COMPREHENSIVE INCOME Inc/Dec 2018 December 2019 December % of Change REVENUES Gross Sales Sales Discount Net Sales Royalty, set-up fees and others 153,068,666 2,867,840 150,200,826 8.443,464 158,644,290 2,523,492 161,167,782 170,291,063 -3,381,699 166,909,384 9.715,716 176,625,080 3,001,108 179,626,188 17,222,397 -513,859 16.708,538 1,272,252 17,980,790 477,616 18,458,406 11.25% 17.92% 11.12% 15.07% 11.33% 18.93% 11.45% PFRS 15 impact on system-wide advertising fees COST OF SALES Cost of Inventories Personnel Costs Depreciation and Amortization Contracted Services Rent and other Utilities Other direct and overhead costs 74,995,446 15.068,350 11,343,834 8,847,468 9.947,673 12,217,814 132,420,585 28.747,197 85,406,049 17,967,431 12,876,957 9,942,936 10,002,176 14.063,332 150,257,881 29,368,307 10,409,603 2,899,081 1,533,123 1,096,468 54,503 1,845,518 17,837,296 621,110 13.88% 19.24% 13.52% 12.38% 0.55% 15.11% 13.47% 2.16% GROSS PROFIT EXPENSES General and Administrative expenses Advertising and promotions 15,460,619 4.027,609 19,488,228 18,884,582 3,982,583 22,867,165 3,423,963 -45,026 3,378,937 22.15% -1.12% 17.34% INTEREST INCOME (EXPENSE) Interest Income Interest Expense 424,419 -2,617,463 -2,193,044 -86,750 3,342,528 10,321,703 400,657 -3,187,298 -2,786,641 23,384 5,745,671 9.483,556 23,762 -569,835 -593,597 110,134 2,403,143 -838,147 -5.60% 21.77% 27.07% -126.96% 71.90% -8.12% EQUITY IN NET EARNINGS (LOSSES) OF JOINT VENTURES AND ASSOC. OTHER INCOME INCO TAX PROVISION OF INCOME TAX Current Deferred 2,822,092 -141,975 2,680.117 7.641,536 3,255,644 -196,024 3,060,620 6.422,936 433,552 -53,049 380,503 -1,218,650 15.36% 37.37% 14.20% -15.95% NET INCOME