The following are extracts from the income statement for the year ended 31 December 2009 and the balance sheets as at 31 December 2009 and 31 December 2008 of a limited company. Balance sheet as at 31 December Non-current assets Current assets Inventories Trade receivables Investments Cash and cash equivalents Current liabilities Bank overdraft Trade payables Taxation Dividend (proposed) Non-current liabilities Loan Equity Ordinary shares Share premium account Retained earnings Using a horizontal analysis based on 2008, investments in 2009 are: The following are extracts from the income statement for the year ended 31 December 2009 and the balance sheets as at 31 December 2009 and 31 December 2008 of a limited company. Balance sheet as at 31 December Non-current assets Current assets Inventories Trade receivables Investments Cash and cash equivalents Current liabilities Bank overdraft Trade payables Taxation Dividend (proposed) Non-current liabilities Loan Equity Ordinary shares Share premium account Retained earnings Using a horizontal analysis based on 2008, investments in 2009 are