| 2018 | 2017 | 2016 | 2015 | 2014 |
Total Assets | 2,481,973,360 | 2,711,727,381 | 2,878,203,711 | 2,917,500,108 | 2,964,086,442 |
Total Liabilities | 698,650,144 | 811,855,493 | 862,270,308 | 960,009,748 | 899,494,384 |
Total Equity | 1,783,323,216 | 1,899,871,888 | 2,015,933,403 | 1,957,490,360 | 2,064,592,058 |
Debt to Equity* | 27.12% | 27.84% | 30.18% | 35.17% | 31.90% |
| | | | | |
Total Revenues | 66,236,417 | 67,699,741 | 266,578,449 | 91,301,284 | 239,014,977 |
Net revenues from operations | 37,366,053 | 40,134,601 | 188,911,586 | 55,960,742 | 180,596,159 |
Net Income | (115,689,425) | (116,367,756) | 75,255,450 | (87,212,755) | 113,703,750 |
EPS | (0.70) | (0.71) | 0.46 | (0.53) | 0.71 |
ROAE | -6.28% | -5.94% | 3.79% | -4.34% | 5.66% |
| | | | | |
Operating Cashflow | 58,487,038 | 33,876,661 | 78,277,621 | 3,438,254 | 32,368,254 |
Net Debt** | 95,029,511 | 190,537,041 | 197,955,813 | 419,833,604 | 389,869,856 |
Operating Cashflow to Revenues | 88.30% | 50.04% | 29.36% | 3.77% | 13.54% |
Operating Cash per Share | 0.35 | 0.21 | 0.47 | 0.02 | 0.20 |
| | | | | |
* Bank debt | | | | | |
** Overdrafts and short term facilities minus cash | | | | |