| 2021 | 2020 | 2019 | 2018 | 2017 |
Total Assets | 1,982,129,041 | 2,040,759,977 | 2,249,716,170 | 2,481,973,360 | 2,711,727,381 |
Total Liabilities | 222,569,538 | 243,226,076 | 417,443,969 | 698,650,144 | 811,855,493 |
Total Equity | 1,759,559,503 | 1,797,533,901 | 1,832,272,201 | 1,783,323,216 | 1,899,871,888 |
Debt to Equity* | 0.00% | 0.00% | 11.16% | 27.12% | 27.84% |
Total Revenues | 114,848,585 | 412,201,260 | 295,404,251 | 66,236,417 | 67,699,741 |
Net revenues from operations | 27,363,918 | 142,804,102 | 146,352,507 | 37,366,053 | 40,134,601 |
Net Income | -4,283,427 | -15,909,958 | 48,967,755 | -115,689,425 | -116,367,756 |
EPS | (0.027) | (0.097) | 0.30 | -0.70 | -0.71 |
ROAE | -0.24% | -0.88% | 2.71% | -6.28% | -5.94% |
Operating Cashflow | 51,129,853 | 323,130,089 | 251,865,845 | 58,487,038 | 33,876,661 |
Net Debt** | -90,623,010 | -115,628,975 | 28,513,130 | 95,029,511 | 190,537,041 |
Operating Cashflow to Revenues | 44.52% | 78.39% | 85.26% | 88.30% | 50.04% |
Operating Cash per Share | 0.31 | 1.96 | 1.53 | 0.35 | 0.21 |
| | | | | |
* Bank debt | | | | | |
** Overdrafts and short term facilities minus cash | | | | |