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Valdymo koordinavimo centras Governance Coordination Centre

Indirectly Owned State Enterprises

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%
http://www.ambergrid.lt
ROE

%

Financial data provided as at end-December 2020