intangible assets

The intangible assets are decreased by 6% from 2019 to 2020. It is due to amortization expense, which also reduces the net income. The property plants and equipments are also decreased by 8%. It is due to the sale of noncurrent assets during the year and depreciation expenses. The investment account for at equity increase by 2% from 2019 to 2020, which represents the purchase of new shares of the other company as a result in future the Porsche company will receive dividend. The other financial assets are increased by 214%, which means the company that purchased the new bonds, bank deposits etc, on which the company will receive interest income in the future. The other assets are decreased by 33% from 2019 to 2020, which means that it includes accounts receivables who will pay after one year, decrease in other assets means that the company received the amount from the trade receivables. The deferred tax assets are increased by 50%, which means that the company will receive the amount from the tax authority in future. The inventory is increased by 25% from 2019 to 2020. Increase in inventory helps the company to fulfill the uncertain increase in demand, but inventory holding cost will increase rent of warehouse. The trade receivables are decreased by 25% in 2020 as compared to 2019, which means the company managed trade receivable well by using cash discounts. This will help to reduce bad debts. The other current financial assets and other current assets are reduced by 20% and 68% in 2020 as compared to 2019, which means the company reduces the investments in short term such as marketable securities and also reduce their prepaid expenses and accrued incomes in 2020. The income tax receivables and securities are by 94% and 3% in 2020 as compared to 2019. Because the amount of current year tax is adjusted to income tax repayable and the securities are mature in 2020. Therefore, their value is decreased. The time deposit is increased by 112% in 2020 as compared to 2019, the company deposit the amount into the bank for the fixed time period to receive the higher rate of return in the future. The cash and cash equivalents are decreased by 27% in 2020 as compared to 2019. It is due to increase in investment non-current and current assets, which increase the cash outflows from the business. The shareholder equity is increased by 2% in 2020 as compared to 2019, which shows that the company issues new shares during 2020. The other provision, other final liabilities and other liabilities are decreased by 11%, 8% and 8% in 2020 as compared to 2019, which means cash out will decrease. The trade payables and financial liabilities are increased by 25% and 180%, high trade payable means business is delaying the payments of supplier. This improves liquidity position but supplier will charge interest, if the amount is not paid on due date.