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Valdymo koordinavimo centras Governance Coordination Centre

Indirectly Owned State Enterprises

Financial results

P/L Statment

2016 2017 2018 2019
Revenue 650,063 612,309 463,048 413,144
Cost of goods sold 388,194 377,501 282,498 186,098
Gross profit (loss) 261,869 234,808 180,550 227,046
Gross profit margin 40% 38% 39% 55%
Operating expenses 153,883 149,452 201,452 188,515
Operating profit (loss) 107,986 85,356 -20,902 38,531
Operating profit margin 17% 14% -5% 9%
EBITDA 154,014 135,741 55,878 125,858
EBITDA margin 24% 22% 12% 30%
Net profit (loss) 92,502 77,552 5,265 34,313
Net profit margin 14% 13% 1% 8%
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

* Left axis

** Right axis

*** All data in Profit and Loss Statement table and corresponding chart is in EUR thousand, unless otherwise noted

Balance sheet

2016 2017 2018 2019
Non-current assets 1,032,300 1,197,433 1,509,521 1,631,814
Intangible assets 3,573 5,451 35,751 44,819
Tangible assets 1,020,541 1,188,748 1,471,101 1,563,522
Financial assets 3,043
Other non-current assets 8,186 3,234 2,669 20,430
Biological assets
Current assets 79,796 80,368 124,690 74,789
Inventories and prepaid expenses 8,042 9,359 1,992 1,892
Accounts receivable in one year 61,092 64,386 117,653 66,661
Other current assets 174 2,779 1,461
Cash and cash equivalents 10,662 6,449 2,266 4,775
Total assets 1,112,096 1,277,801 1,634,214 1,706,606
Equity 623,195 607,644 629,634 663,917
Minority share of capital
Grants and subsidies 20,477 19,758 13,052 15,156
Liabilities 468,424 615,553 940,381 981,402
Financial liabilities 219,081 372,688 631,464 641,901
Long-term liabilities 285,100 365,984 652,424 697,515
Short-term liabilities 183,324 249,569 259,975 248,648
Equity and liabilities 1,112,096 1,277,801 1,634,214 1,706,606
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

* All data in Balance Sheet table and corresponding chart is in EUR thousand, unless otherwise noted

Financial ratios

2016 2017 2018 2019
Capital return ratios
Return on assets (ROA) 8% 6% 0% 2%
Return on equity (ROE) 15% 13% 1% 5%
Return on capital employed (ROCE) 23% 17% -0% 6%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.35 0.61 1.00 0.97
Current Ratio 0.44 0.32 0.48 0.30
Quick ratio 0.39 0.28 0.47 0.29
Turnover ratios
Asset turnover 0.59 0.51 0.32 0.25
Fixed asset turnover 0.66 0.55 0.34 0.26
Equity turnover 1.09 0.99 0.75 0.64
Profitability ratios
EBITDA margin 24% 22% 12% 30%
Operating profit margin 17% 14% -5% 9%
Net profit margin 14% 13% 1% 8%
Other ratios
Dividends to the State
Dividends paid / net profit

* Left axis

** Right axis

*** Dividends to the state in Financial Ratios table is in EUR thousand

2017-06-30
Capital return ratios
Return on assets (ROA) 6%
Return on equity (ROE) 13%
Return on capital employed (ROCE) 17%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.61
Current Ratio 0.32
Quick ratio 0.28
Turnover ratios
Asset turnover 0.51
Fixed asset turnover 0.55
Equity turnover 0.99
Profitability ratios
EBITDA margin 22%
Operating profit margin 14%
Net profit margin 13%
Other ratios
Dividends to the State
Dividends paid / net profit

About the company

  • Official nameAB „Energijos skirstymo operatorius"
  • Legal formPublic limited liability company (AB)
  • Company code304151376
  • SectorEnergy
  • Line of businessElectricity supply and distribution and natural gas distribution
  • Accountability„Ignitis grupė“ group of companies
  • Share indirectly belonging to the State94.98%
http://www.eso.lt
ROE

5.3%

Number of employees

2,374

Financial data provided as at end-December 2019