In this diploma thesis, the first part represents the description of the food industry and the characteristics of the food industry as a business activity, then the state of the food industry of the Republic of Croatia and a comparison of the Croatian and European food industry. Afterwards, theoretical, accounting, and financial reporting is conducted. Financial reporting is the collection and analysis of data contained in a company's financial statements. The following financial statements are used in this paper: income statement, balance sheet, cash flow statement and notes to the financial statements. Based on these financial statements, financial indicators are calculated, which are used to analyse and create a picture of the actual stability and safety of the company's operations. In this specialist diploma thesis, an assessment of the safety and performance of the five largest Croatian food companies in terms of revenue (Podravka d.d., Kraš d.d., Vindija d.d., Poljoprivredno industrijski kombinat Vrbovec d.d., Belje d.d.) was made. This estimate was made on the basis of financial statements for a period of five years in the period from 2016 to 2020. Following the theoretical framework of financial reporting, a financial analysis of selected companies was conducted based on the financial indicators calculated from the aforementioned financial statements. This paper determines the financial condition of the observed companies, their performance and business safety. A comparison of the selected five companies will show which companies perform better or worse in the observed period, and at the end a final evaluation of the operations of each company was made.