Financial statements provide information about the company and its assets, liabilities, equity, income and expenses (financial results), other changes in equity and cash flows. They are intended to inform users, present them with all relevant and reliable accounting information in the form and content that is recognizable and understandable for person they are intended for. They are intended primarily for external business users, but provide information also for internal users. The analysis of financial statements is necessary for the ownership of the companies (shareholders), management and employees, creditors and the state. Employees through a business analysis find out how successful they have been and in which segments they can improve. Creditors through a business analysis want to find out about company’s creditworthiness, especially for the approval of short-term and long-term loans and their return. Through analysis state is trying to establish a true tax base, because companies are trying to show the lowest taxable profit by all means. The paper deals with the analysis of the business (financial statements and financial indicators of the business) on the example of GIRK Kalun joint stock company.