Prepare a brief report for the managing director to help explain what has happened to Al Trade during the year 2018 and comment on the significance of your findings.

+ Horizontal Analysis 31-dec 31-Dec Change 12 Sales Less: Cost of Sales Gross Profit 2018 (A) 67,790,046 -54,815,433 12,974,612 2017 (B) 64,171,474 -47,988,070 16,183,404 Amount C=(A-B) 3,618,572 -6,827,363 -3,208,792 P (%) C/B*100 5.64 14.23 -19.83 13 Wages and Salaries Distribution Expense Administrative Expense Depreciation Expense Total Expense 14 15 16 -2,717,947 -2,011,965 -1,864,255 -1,526,615 -8,120,782 -3,244,650 -4,881,132 -1,220,801 -1,657,189 -11,003,772 526,703 2,869,167 -643,454 130,574 2,882,990 -16.23 -58.78 52.71 -7.88 -26.20 Other Income 27,429 111,981 -84,552 -75.51 Operating Profit 4,881,259 5,291,613 -410,354 -7.75 Financial Expense 17 -980,369 -1,093,734 113,365 -10.36 Profit before Taxation 3,900,890 4,197,879 -296,989 -7.07 Taxation 18 -448,371 -487,784 39,413 -8.08 Profit for the financial year 3,452,519 3,710,095 -257,576 -6.94