The main objective of this thesis is to develop on the basis of financial statements financial analysis of the Family Brewery BERNARD Inc. for the period 2012 to 2014. Theoretical part consists of literature research, financial analysis, its objectives, sources and users. Elementary methods and interpretation of each individual indicators are in detail expalined there. The practical part contains basic characteristics of the selected company, definition for the subject of business activity and the assessment of the economic situation for the period 2012 to 2014. Then follows analysis of the macro environment, differential quantity, ratio analysis, indicators of indebtedness, activity, profitability and liquidity.. The brewery was compared w...