The subject of this thesis includes financial position and business performance analysis in the case of Zagrebačka pivovara Ltd. in the period from 2010 to 2014. This company is the largest producer of beer in the Croatian brewing industry and the largest importer of world famous beers from different countries. In order to get a picture of how a company operates, successfully or unsuccessfully, it is necessary to analyse their financial statements. Received informations from analysis of the financial statements are intended for a variety of internal or external users such as business partners, banks, customers, suppliers etc. The external users of financial statements from them obtain information about the safety and effectiveness of company operations, while internal users needs financial statements for planning and control. In order to provide a more detailed insight into the financial status of the company, there are used procedures of horizontal and vertical analysis of financial statements and interpret individual and synthetic financial indicators. The used methods in the preparation of this thesis are methods of analysis and applied to the specific example, comparison of individual indicators of the average balance in the industry in which the company operates or recommended values. The theoretical framework is prepared using descriptive method. Large companies in the Republic of Croatia are rare and represent less than 0,5% of all subjects, so the aim of this thesis is to approach and explain analysis of financial statements in the case of mentioned company, present conclusions about the business and financial condition for the period from 2010 to 2014.