Question

Common size Consolidated Balance Sheets - Euro (€) $ in Millions Dec. 31, 2019 Common size 2019 Dec. 31 2018 Dec. 31, 2017 Common size 2017 2018 Current assets: Inventories Trade and other receivables 5472 17.48% 5015 16.88% 4788 16.60% 2694 8.61% 2678 9.01% 2592 8.99% Corporate tax receivable Assets held for sale Other financial assets Cash and cash equivalents Total current assets: Non-current assets: 83 65 127 932 9373 0.27% 0.21% 0.41% 2.98% 29.95% 65 24 35 874 8691 0.22% 0.08% 0.12% 2.94% 29.25% 81 1191 8652 0.28% 4.13% 29.99% 0.00% 0.00% 0.00% Intangible assets Property, plant and equipment Biological assets Investments in associates and joint ventures Other investments Other receivables Other financial assets Deferred tax assets Post employment benefit assets Total noncurrent assets Total assets Current liabilities: Borrowings and bank overdrafts Other financial liabilities Trade and other payables Liabilities held for sale 12557 4455 34 3173 49 53 404 138 1060 21923 31296 40.12% 14.24% 0.11% 10.14% 0.16% 0.17% 1.29% 0.44% 3.39% 70.05% 100.00% 0.00% -6.26% -1.06% -13.43% 12572 4089 23 3009 46 46 182 122 935 21024 29715 42.31% 13.76% 0.08% 10.13% 0.15% 0.15% 0.61% 0.41% 3.15% 70.75% 100.00% 0.00% -6.15% -0.77% -13.29% 12566 4014 21 2824 31 58 267 134 281 20196 28848 43.56% 13.91% 0.07% 9.79% 0.11% 0.20% 0.93% 0.46% 0.97% 70.01% 100.00% 0.00% -8.52% -0.75% -12.35% -1959 -333 -4202 -1828 -230 -3950 -2459 -215 -3563 -32 -0.10% Corporate tax payable -378 -1.21% -243 -0.82% -294 -1.02% -99 -0.32% -109 -0.37% -129 -0.45% Provisions Total current liabilities -7003 -22.38% -6360 -21.40% -6660 -23.09% Non-current liabilities Borrowings Other financial liabilities Other payables Provisions Deferred tax liabilities Post employment benefit liabilities Total noncurrent liabilities Total liabilities Net assets Equity Share capital Share premium Other reserves Retained earnings Equity attributable to equity shareholders of the parent company -10596 -124 -222 -317 -2032 -846 -14137 -21140 10156 0.00% -33.86% -0.40% -0.71% -1.01% -6.49% -2.70% 45.17% -67.55% 32.45% 0.00% 2.41% 4.31% 7.58% 12.42% -8074 -212 -209 -288 -1987 -872 -11642 -18002 11713 0.00% -27.17% -0.71% -0.70% -0.97% -6.69% -2.93% -39.18% -60.58% 39.42% 0.00% 2.62% 4.54% 7.18% 19.14% -6583 -383 -24 -286 -2112 -772 -10160 -16820 12028 0.00% -22.82% -1.33% -0.08% -0.99% -7.32% -2.68% -35.22% -58.31% 41.69% 0.00% 2.76% 4.67% 9.34% 18.98% 780 753 1350 2372 3886 1349 2133 5686 797 1348 2693 5475 8361 26.72% 9948 33.48% 10313 35.75% Non-controlling interests Total equity 1795 10156 5.74% 32.45% 1765 11713 5.94% 39.42% 1715 12028 5.94% 41.69%
Are there items that suggest a trend in weaker performance?

Answer 1

yes there are items which suggest there is a weak trend -

1. AR turnover  is declining as there is decrease in sales and increase in average receiveables =sales/average receivables

2. cannot check for payables turnover and inventory turnover because purchases not given

3.current ratio and quick signifies a constant trend

4.no leverage ratio signifies any negative trend therefore dont require any elaboration