The research of risk reporting practices on a sample of 50 companies with the largest share turnover on the Zagreb Stock Exchange enabled a better insight into actual practice as well as the definition of variables that contribute to the differentiation of the company with regard to the scope of disclosed business risk information. The practice of reporting on business risks is not significantly different among the companies analyzed, and the majority, 47 of 50 analyzed companies discloses risk information in their reports, whether about financial or business risks. So, it's a common practice that complies with regulations and rules, but there is still room for improvement. Testing the hypothesis put a conclusion that the size of the company and its ownership structure has a significant impact on the number of business risk disclosures. It is also concluded that the analyzed companies report more about financial than business risks. Furthermore, the results of the study of the company's profitability impact on the number of business risk disclosures have shown that there is no statistically significant impact of the company's profitability on the scope of presented business risk information. Although a high percentage of risk reporting companies may point to the awareness about development of this segment of financial reporting, but more detailed review of financial statements leads to the conclusion that some disclosures are designed in such a way just to provide no specific information on the degree of exposure of the company to a risk. Therefore, there is a space for enhancing the risk disclosure and the objective is not to present the disclosed risk information just for the purpose of satisfying the form, but to present a tool in reducing the asymmetry of information.