Problem
The following information relates to Octagon Limited for the years ended 31 March 2018 and 31 March 2019.
|
|
2019
$'000
|
2018
$'000
|
|
Sale Revenue
|
3,800
|
2,500
|
|
Cost of Sales
|
(1,800)
|
(1,200)
|
|
Gross Profit
|
2,000
|
1,300
|
|
Administrative Expenses
|
(315)
|
(250)
|
|
Selling & Distribution Expenses
|
(200)
|
(150)
|
|
Profit Before Tax
|
1,485
|
900
|
|
Income Tax
|
(210)
|
(150)
|
|
Profit for the year
|
1,275
|
(750)
|
|
Dividend Paid
|
(90)
|
(90)
|
|
Retained Profit
|
1,185
|
660
|
|
Retained Earnings b/f
|
2,565
|
1,110
|
Prepare the Statement of Horizontal Analysis and analyze the results.