Basic financial statements are the basis and starting point for an enterprise's business analysis that must provide the Company's management with a true and objective view of the financial position and business performance of the company for the purpose of making key strategic decisions that determine future business. The Balance Sheet, the Profit and Loss Account, the Cash Flow Statement, the Statement of Changes in Equity, and the Notes to the financial statements are the basic annual financial statements that provide the necessary information and enable the insight into the Company's actual state and business. The aim of this specialized graduate thesis is to assess the business performance and the business security of Hrvatska Lutrija d.o.o. over the past five years through a theoretical and empirical analysis of the fundamental financial statements and the access to the Company's business. The structure and contents of the core annual financial statements submitted to the management, supervisory boards and the owners do not provide enough information necessary to determine and to objectively evaluate the quality of successful business from the standpoint of individual business factors and their overall impact therefore it is necessary to establish financial performance indicators in order to obtain the information base needed to make quality business decisions. Business Analysis of Hrvatska Lutrija d.o.o. includes the following financial performance indicators: EBIT, EBITDA (in 000 HRK), EBITDA%, Return of Assets (ROA), Return of Equity (ROE), Return of Investment (ROI), Current Ratio, Net Working Capital (in HRK 000), Financial Stability Ratio, self financing, degree of indebtedness, total assets activity ratio, cost effectiveness and profitability and productivity (in HRK 000). Furthermore, using the vertical and horizontal analysis of the financial statements of the Company, the thesis also presents the financial results of the business within a five-year period. Calculation of changes in the positions of the annual financial statements and comparing them will be carried out through comparison of each year, compared to the previous year.