Amber Grid
AB Amber Grid is Lithuanian natural gas transmission system operator responsible for the transmission (transportation of high pressure pipelines) of natural gas to system users, operation, maintenance and development of natural gas infrastructure. AB Amber Grid has been operating since 2013 August 1, when the temporary license for natural gas transmission was issued by the State Control Commission. UAB EPSO-G (Lithuania) owns 96.58% of the company’s shares.
Financial results
P/L Statment
| 2017 | 2018 | 2019 | 2020 | |
|---|---|---|---|---|
| Revenue | 64,322 | 54,563 | 55,619 | 52,286 |
| Cost of goods sold | 7,948 | 10,417 | 40,544 | 37,337 |
| Gross profit (loss) | 56,374 | 44,146 | 15,075 | 14,949 |
| Gross profit margin | 88% | 81% | 27% | 29% |
| Operating expenses | 68,090 | 69,849 | ||
| Operating profit (loss) | -11,716 | -25,703 | 15,075 | 14,949 |
| Operating profit margin | -18% | -47% | 27% | 29% |
| EBITDA | 2,721 | -12,984 | 25,234 | 26,075 |
| EBITDA margin | 4% | -24% | 45% | 50% |
| Net profit (loss) | -9,861 | -21,608 | 12,572 | 18,170 |
| Net profit margin | -15% | -40% | 23% | 35% |
| Revenue |
| Cost of goods sold |
| Gross profit (loss) |
| Gross profit margin |
| Operating expenses |
| Operating profit (loss) |
| Operating profit margin |
| EBITDA |
| EBITDA margin |
| Net profit (loss) |
| Net profit margin |
Balance sheet
| 2017 | 2018 | 2019 | 2020 | |
|---|---|---|---|---|
| Non-current assets | 244,654 | 206,885 | 209,557 | 255,757 |
| Intangible assets | 1,008 | 2,699 | 2,910 | 4,833 |
| Tangible assets | 241,973 | 200,031 | 201,362 | 241,624 |
| Financial assets | 1,673 | 998 | 4 | 4 |
| Other non-current assets | 3,157 | 5,281 | 9,296 | |
| Biological assets | ||||
| Current assets | 35,544 | 38,820 | 45,735 | 58,965 |
| Inventories and prepaid expenses | 2,168 | 4,698 | 2,651 | 2,626 |
| Accounts receivable in one year | 26,559 | 23,450 | 42,851 | 55,572 |
| Other current assets | 91 | 10,630 | ||
| Cash and cash equivalents | 6,726 | 42 | 233 | 767 |
| Total assets | 280,198 | 245,705 | 256,340 | 316,371 |
| Equity | 172,021 | 131,242 | 136,660 | 154,830 |
| Minority share of capital | ||||
| Grants and subsidies | ||||
| Liabilities | 108,177 | 114,463 | 117,977 | 159,942 |
| Financial liabilities | 77,222 | 80,124 | 8,461 | 10,215 |
| Long-term liabilities | 62,709 | 55,805 | 53,588 | 103,518 |
| Short-term liabilities | 45,468 | 58,658 | 63,902 | 53,773 |
| Equity and liabilities | 280,198 | 245,705 | 256,340 | 316,371 |
| Non-current assets |
| Intangible assets |
| Tangible assets |
| Financial assets |
| Other non-current assets |
| Biological assets |
| Current assets |
| Inventories and prepaid expenses |
| Accounts receivable in one year |
| Other current assets |
| Cash and cash equivalents |
| Total assets |
| Equity |
| Minority share of capital |
| Grants and subsidies |
| Liabilities |
| Financial liabilities |
| Long-term liabilities |
| Short-term liabilities |
| Equity and liabilities |
Financial ratios
| 2017 | 2018 | 2019 | 2020 | |
|---|---|---|---|---|
| Capital return ratios | ||||
| Return on assets (ROA) | 7% | -8% | 5% | 6% |
| Return on equity (ROE) | 8% | -14% | 9% | 12% |
| Return on capital employed (ROCE) | 11% | -27% | 16% | 11% |
| Capital structure and liquidity ratios | ||||
| Debt / asset ratio (D/A) | 0.01 | 0.61 | 0.06 | 0.07 |
| Current Ratio | 12.55 | 0.66 | 0.72 | 1.10 |
| Quick ratio | 12.47 | 0.58 | 0.67 | 1.05 |
| Turnover ratios | ||||
| Asset turnover | 0.11 | 0.21 | 0.22 | 0.18 |
| Fixed asset turnover | 0.12 | 0.24 | 0.27 | 0.22 |
| Equity turnover | 0.12 | 0.36 | 0.42 | 0.36 |
| Profitability ratios | ||||
| EBITDA margin | 78% | -24% | 45% | 50% |
| Operating profit margin | 53% | -47% | 27% | 29% |
| Net profit margin | 64% | -40% | 23% | 35% |
| Other ratios | ||||
| Dividends to the State | 22,331.60 | 5,049.28 | ||
| Dividends paid / net profit | 0.58 | -0.23 |
| 2017-06-30 | |
|---|---|
| Capital return ratios | |
| Return on assets (ROA) | -3% |
| Return on equity (ROE) | -5% |
| Return on capital employed (ROCE) | -10% |
| Capital structure and liquidity ratios | |
| Debt / asset ratio (D/A) | 0.45 |
| Current Ratio | 0.78 |
| Quick ratio | 0.73 |
| Turnover ratios | |
| Asset turnover | 0.21 |
| Fixed asset turnover | 0.24 |
| Equity turnover | 0.34 |
| Profitability ratios | |
| EBITDA margin | 4% |
| Operating profit margin | -18% |
| Net profit margin | -15% |
| Other ratios | |
| Dividends to the State | |
| Dividends paid / net profit |
About the company
- Official nameAB „Amber Grid“
- Legal formPublic limited liability company (AB)
- Company code303090867
- SectorEnergy
- Line of businessOperator of the natural gas transportation system
- Accountability„EPSO-G“ group of companies
- Share indirectly belonging to the State96.58%
ROE
%
Financial data provided as at end-December 2020
