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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

SĮ “Šiauliai Airport” was registered on November 10, 2003. The main activity is the provision of airport-specific services. When servicing aircraft, the company provides the following services: aircraft landing, departing passenger, aircraft parking, aircraft security, aircraft escorts, additional services for aircraft and their crew members. In addition, in 2008 The company has received a license to engage in wholesale trade in bulk petroleum products

Financial results

P/L Statment

2018 2019 2020 2021
Revenue 692 139 257 472
Cost of goods sold 513 112 100 235
Gross profit (loss) 179 27 157 237
Gross profit margin 26% 19% 61% 50%
Operating expenses 190 166 103 181
Operating profit (loss) -11 -139 54 56
Operating profit margin -2% -100% 21% 12%
EBITDA 32 -88 105 105
EBITDA margin 5% -63% 41% 22%
Net profit (loss) -18 -139 46 50
Net profit margin -3% -100% 18% 11%

Balance sheet

2018 2019 2020 2021
Non-current assets 1,741 1,771 1,562 1,379
Intangible assets 8 8 5 2
Tangible assets 1,733 1,763 1,556 1,377
Financial assets
Other non-current assets
Current assets 245 45 123 182
Inventories and prepaid expenses 44 30 23 17
Accounts receivable in one year 51 12 28 80
Other current assets
Cash and cash equivalents 151 3 72 85
Total assets 1,998 1,815 1,691 1,580
Equity 1,168 1,029 1,075 1,125
Grants and subsidies 515 585 403 268
Liabilities 315 201 213 187
Financial liabilities 159 116 117 82
Long-term liabilities 101 116 48 35
Short-term liabilities 214 85 165 152
Equity and liabilities 1,998 1,815 1,691 1,580

Financial ratios

2018 2019 2020 2021
Capital return ratios
Return on assets (ROA) -1% -7% 3% 3%
Return on equity (ROE) -1% -13% 4% 5%
Return on capital employed (ROCE) -1% -15% 7% 8%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.14 0.11 0.11 0.07
Current Ratio 1.14 0.52 0.74 1.20
Quick ratio 0.94 0.17 0.61 1.09
Turnover ratios
Asset turnover 0.33 0.07 0.15 0.29
Fixed asset turnover 0.39 0.08 0.15 0.32
Equity turnover 0.59 0.13 0.24 0.43
Profitability ratios
EBITDA margin 5% -63% 41% 22%
Operating profit margin -2% -100% 21% 12%
Net profit margin -3% -100% 18% 11%
Other ratios
Dividends to the Municipality
Dividends paid / net profit

Financial statments

Expectations of the municipal

About the company

  • Official nameSĮ Šiaulių oro uostas
  • Legal formMunicipality enterprise (SĮ)
  • Company code145907544
  • SectorOther
  • Line of businessService activities incidental to air transportation
  • Representing institutionŠiauliai city municipality
  • Share belonging to the Municipal100%
https://www.siauliai-airport.com/
ROE

4.6%

Number of employees

13

Financial data provided as at end-December 2021