Horizontal Analysis

 The company has doubled it equity share capital from 1088 to 2077 it
means they have issued new equity share in the company
 The reserves and surplus have been declined by 2% this doesn’t seem much
but this does imply the retained earning or the profits are decreasing
 The deferred tax liability has increased by 24% which is from 541 to 642 this
means that the company has estimated to pay more tax next year
 Other long-term liability has also increased by 32% as from 322 to 422 this
implies that the long terms loans or the long terms dues of the company
has been increased
 The total other long-term liability has also increased by 27% as from 861 to
1094
 The trade payables have been increased by almost 138% from 694 to 1655,
this implies that they have a long list of creditors and they were unable to
pay for the good they have purchased and they have piled up the stock