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Valdymo koordinavimo centras Governance Coordination Centre

Indirectly Owned State Enterprises

Financial results

P/L Statment

2017 2018 2019 2020
Revenue 612,309 463,048 418,850 484,841
Cost of goods sold 377,501 282,498
Gross profit (loss) 234,808 180,550 418,850 484,841
Gross profit margin 38% 39% 100% 100%
Operating expenses 149,452 201,452 374,613 394,850
Operating profit (loss) 85,356 -20,902 44,237 89,991
Operating profit margin 14% -5% 11% 19%
EBITDA 135,741 55,878 126,150 172,846
EBITDA margin 22% 12% 30% 36%
Net profit (loss) 77,552 5,265 34,313 69,482
Net profit margin 13% 1% 8% 14%
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

2017 2018 2019 2020
Non-current assets 1,197,433 1,509,521 1,631,817 1,673,403
Intangible assets 5,451 35,751 44,819 42,967
Tangible assets 1,188,748 1,471,101 1,583,952 1,626,407
Financial assets 3,043 3,826
Other non-current assets 3,234 2,669 3 203
Biological assets
Current assets 80,368 124,690 73,872 88,997
Inventories and prepaid expenses 9,359 1,992 1,892 2,344
Accounts receivable in one year 64,386 117,653 67,205 77,683
Other current assets 174 2,779
Cash and cash equivalents 6,449 2,266 4,775 8,965
Total assets 1,277,801 1,634,214 1,706,606 1,763,523
Equity 607,644 629,634 663,917 665,616
Minority share of capital
Grants and subsidies 19,758 13,052 15,156 21,318
Liabilities 615,553 940,381 776,070 796,865
Financial liabilities 372,688 631,464 498,534 665,633
Long-term liabilities 365,984 652,424 492,183 688,310
Short-term liabilities 249,569 259,975 248,648 78,473
Equity and liabilities 1,277,801 1,634,214 1,706,606 1,763,523
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

2018 2019 2020
Capital return ratios
Return on assets (ROA) 0% 2% 4%
Return on equity (ROE) 1% 5% 10%
Return on capital employed (ROCE) -0% 6% 11%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 1.00 0.75 1.00
Current Ratio 0.48 0.30 1.13
Quick ratio 0.47 0.29 1.10
Turnover ratios
Asset turnover 0.32 0.25 0.28
Fixed asset turnover 0.34 0.27 0.29
Equity turnover 0.75 0.65 0.73
Profitability ratios
EBITDA margin 12% 30% 36%
Operating profit margin -5% 11% 19%
Net profit margin 1% 8% 14%
Other ratios
Dividends to the State 12,231.92 66,400.01 54,169.07
Dividends paid / net profit 2.32 1.94 0.78

* 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

%

Financial data provided as at end-December 2020