| 2019 | 2018 | 2017 | 2016 | 2015 |
Total Assets | 2,249,716,170 | 2,481,973,360 | 2,711,727,381 | 2,878,203,711 | 2,917,500,108 |
Total Liabilities | 417,443,969 | 698,650,144 | 811,855,493 | 862,270,308 | 960,009,748 |
Total Equity | 1,832,272,201 | 1,783,323,216 | 1,899,871,888 | 2,015,933,403 | 1,957,490,360 |
Debt to Equity* | 11.16% | 27.12% | 27.84% | 30.18% | 35.17% |
| | | | | |
Total Revenues | 295,404,251 | 66,236,417 | 67,699,741 | 266,578,449 | 91,301,284 |
Net revenues from operations | 162,026,637 | 37,366,053 | 40,134,601 | 188,911,586 | 55,960,742 |
Net Income | 48,967,755 | (115,689,425) | (116,367,756) | 75,255,450 | (87,212,755) |
EPS | 0.30 | (0.70) | (0.71) | 0.46 | (0.53) |
ROAE | 2.71% | -6.28% | -5.94% | 3.79% | -4.34% |
| | | | | |
Operating Cashflow | 253,358,206 | 58,487,038 | 33,876,661 | 78,277,621 | 3,438,254 |
Net Debt** | 28,513,130 | 95,029,511 | 190,537,041 | 197,955,813 | 419,833,604 |
Operating Cashflow to Revenues | 85.77% | 88.30% | 50.04% | 29.36% | 3.77% |
Operating Cash per Share | 1.54 | 0.35 | 0.21 | 0.47 | 0.02 |
| | | | | |
* Bank debt | | | | | |
** Overdrafts and short term facilities minus cash | | | |