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 Common Size Analysis 31-12-2018 31-12-2017 Change % Change Assets Non-Current Assets Land Investment Total NCA 30,328,912 0 30,328,912 29,135,809 0 29,135,809 1,193, 103 0 1,193,103 4.09% 0 4.09% Current Assets Stock Trade & other receivable Prepayments Cash & cash equivalents Investments Total NCA 14,722,705 28,946,105 1,918,906 799,386 1,212,693 47,599,795 12,576,164 18,914,718 4,126,905 274,507 581,558 36,473,852 2,146,541 10,031,387 -2,207,999 524,879 631,135 11,125,943 17.07% 53.03% -53.50% 191.21% 108.52% 30.50% Total Assets 77,928,707 65,609,661 12,319,046 18.78% Equity & Liability Share capital Accumulated Profit Total Equity 19,206,108 9,267,815 25,473,923 15,988,007 5,860,767 21,848,774 218,101 3,407,048 3,625,149 1.36% 58.13% 16.59% Non-current Liabilities Loans Total NCL 2,901,724 2,901,724 9,349,038 9,349,038 -6,447,314 -6,447,314 -68.96% -68.96% Current Liabilities Loans Bad debt written off Trade & other payable Total CL 16,344,938 4,581,442 28,626,680 49,553,060 12,385,920 699,889 21,326,040 34,411,849 3,959,018 3,881,553 7,300,640 15,141,211 31.96% 554.60% 34.23% 44.00% Total Equity and Liability 77,928,707 65,609,661 12,319,046 18.78%