The balance sheet for Compre Ltd is presented below. Perform a horizontal analysis of the change (in absolute and percentage terms) between the year-end figures. Identify any significant variations that warrant further investigation. Analyse why the variations have occurred.

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Compre Ltd Balance sheet 2013 2012 Current assets Cash assets Receivables Inventories Other current assets Total current assets Non-current assets Receivables Inventories Property, plant and equipment Agricultural assets Intangible assets Deferred tax assets Other non-current assets Total non-current assets Total assets Current liabilities Payables Interest bearing liabilities Current tax liabilities Provisions Total current liabilities Non-current liabilities Interest-bearing liabilities Deferred tax liabilities Provisions Total non-current liabilities Total liabilities Net assets Shareholders interest Contributed equity Reserves Retained earnings Total equity S 178 1356 996 1305 3835 $ 2120 1700 362 3354 7536 102 158 9200 59910 1563 47 150 3 232 20612 20 40 24109 27944 70980 78516 943 2730 1138 1430 6241 3872 1 158 1216 278 6524 7541 409 26657 757 7951 14 192 $13 752 27 415 33 939 $44577 10 144 1 104 2504 $13752 35655 1745 $44577