Financial statements are the main source of information about company’s business activity. Each analyst/user of information should keep in mind that the statements present information about past activities and their results. Good historical results are not an indication that a company will continue to be successful in future, neither are bad results indication that such trend will continue in future. Published financial statements of large companies have to be audited by an independent auditor who can certify that financial statements give a true and fair view and comply with applicable accounting principles. On the basis of financial documentation of a company, an auditor performs checks of business events and processes, financial statements and the way they are prepared and, based on certain criteria, forms his judgement (audit opinion) about the reliability of such accounting information. When speaking about a company as a system, the role of audit is emphasized by considering the importance of a feedback. The audit is for sure an important part of a feedback. In order for a company to fit in an environment i.e. to survive on a market, business and development of a company need to be managed. With this respect, financial statements analysis is very important as information from financial statements is transformed into information relevant for managing a company. Based on the analysis of financial statements of a company Saponia d.d., following the business activities taken on a market and the efforts to improve production and business processes, we concluded that, in 2013. the company has achieved economic growth and positive financial result. In 2013. company's business activities was under an influance of recession on a domestic market and mojority of its export markets, where a fall in consumption was recorded. However, despite the difficult economic situation prevailing in the market, company Saponia d.d. is achieveing its predetermined goals with its proactivity and conitinues a positive trend of growth in its production and realisation.