Statement of profit or loss and other comprehensive income
		Year ended 31		Nine-month
		Dec-18		period ended 31
				Dec-17
Revenue		2,200,228		1,561,138
Cost of sales		-1,199,154		-877,354
Gross profit		1,001,074		683,784
Other operating income / (expense)		1,086,908		-8,957
Distribution costs		-141,764		-129,328
Administrative expenses		-336,178		-179,482
Operating profit		1,610,040		366,017
Finance income		43,691		20,733
Finance costs		-34,789		-66,721
Finance income / (costs) net		8,902		-45,988
Profit before income tax		1,618,942		320,029
Income tax expense		-162,806		-99,209
Profit for the year / period		1,456,136		220,820
Other comprehensive income		0		0
Total comprehensive income for the year / period		1,456,136		220,820
Attributable to:
Continuing operations		339,688		194,769
Discontinued operations		1,116,448		26,051
		1,456,136		220,820
Earnings per share for profit attributable to the equity holders
of the Company
Basic and diluted		2.667		0.404

You have been requested by the shareholders to prepare a detailed report analysing the financial performance and financial position of Plc for the year ended 31st December 2018.

Required: a) Using horizontal analysis, vertical analysis and ratio analysis of the Statement of Comprehensive Income and the Statement of Financial Position for the year ended 31st December 2018, prepare a report to the shareholders providing a detailed analysis of the financial performance and financial position of the company. [85 marks] b) Explain how Plc performance was affected by the COVID-19 Pandemic in 2020. [15 marks