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Assets

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Submitted By amlethologica
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Horizontal Analysis

An increase in the total assets in 2010 by 18.28% as compared to base year 2009 can be attributed to the large percentage of increase in noncurrent assets. These accounts include intangible assets, goodwill, and other noncurrent assets. In addition to those, some current accounts such as prepaid expenses and biological assets contributed also to the increase in total assets.

Using 2010 as a base year, there was a 28.27 % increase in total assets by 2011. This is largely attributable to the increase in investment on biological assets and other noncurrent assets accounts. There is also an increase in investment properties which are sources of additional cash and trade receivables from renting pieces of property to others.

The increase in percentage of total assets dropped from 28.27% in 2011 to only 12.50 % by 2012. This is attributable to the minimal growth in several noncurrent assets which were the large contributors to total assets for the previous years. However, most current assets now have positive percentage increases, although cash and cash equivalents account remains negative.

By 2013, there was a further decline in the increase of total assets, with only 6.23% as compared to 2012. This is largely attributable to the continuous decrease in investments on noncurrent assets which boosted increase in total assets in the previous years. In addition to that, several current assets accounts returned to their previous negative percentage increases.

Trend Analysis

At first, it can be said that there is no distinct trend in the growth of total assets since there was a decline from 2009 to 2010 as the graph shows. However, upon establishing the fact that 2009 was used as the base year and automatically presumed 100%, the following year becomes more suitable as the beginning point for analysis. There is a

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