Analysis of financial statements provides crucial information to managers and owners, necessary for making business decisions and identifying potential difficulties in business. Equally so, analysis of financial statements provides information on the financial stability and potential investors, including all interested external stakeholders. Performing an analysis of financial statements firstly requires preparing the basic financial statements. The financial statements must be prepared in line with the current legislative framework and provide a true and fair presentation of the state of assets, equity, obligations, revenue and expenditure. The Accounting Act stipulates the basic reports that the company must compile: the balance sheet, profit and loss statement, cash flow statement and statement of change in equity, along with notes to the financial statements. One of the more frequently used forms of analyzing financial statements is to analyse the statements based on financial indicators. These financial indicators are divided into a number of groups, specifically: liquidity, indebtedness, activity, cost effectiveness, profitability and investment. The aim of the specialist graduate paper is to present application of analysing financial statements based on indicators using the example of the the company Plodine d.d. and subseuqently compare the indicators with other companies in the same sector - SPAR Hrvatska d.o.o., Kaufland Hrvatska k.d. and Lidl Hrvatska d.o.o. k.d.