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Valdymo koordinavimo centras Governance Coordination Centre

Indirectly Owned State Enterprises

When the state-owned Lietuvos Energija companies group approved the separation of the optimization activities of the power plants of the group company Energijos Tiekimas, a new company “Gamybos optimizavimas” was established. UAB “Gamybos optimizavimas” started its activity on January 1, 2019. Lietuvos Energija owns 100 percent of the new group company shares.

 

Financial results

P/L Statment

2019 2020
Revenue 533 593
Cost of goods sold
Gross profit (loss) 533 593
Gross profit margin 100% 100%
Operating expenses 455 585
Operating profit (loss) 78 8
Operating profit margin 15% 1%
EBITDA 89 24
EBITDA margin 17% 4%
Net profit (loss) 67 -13
Net profit margin 13% -2%
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

2019 2020
Non-current assets 64 76
Intangible assets
Tangible assets
Financial assets
Other non-current assets 64 76
Biological assets
Current assets 517 494
Inventories and prepaid expenses
Accounts receivable in one year 146 185
Other current assets 371 309
Cash and cash equivalents
Total assets 581 570
Equity 413 400
Minority share of capital
Grants and subsidies
Liabilities 168 170
Financial liabilities 53 39
Long-term liabilities 37 22
Short-term liabilities 131 148
Equity and liabilities 581 570
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 2019 2020
Capital return ratios
Return on assets (ROA) 14% 23% -2%
Return on equity (ROE) 15% 32% -3%
Return on capital employed (ROCE) 34% 35% 4%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.13 0.10
Current Ratio 9.46 3.95 3.34
Quick ratio 4.37 3.95 3.34
Turnover ratios
Asset turnover 0.85 1.83 1.03
Fixed asset turnover 1.72 16.66 8.47
Equity turnover 0.92 2.58 1.46
Profitability ratios
EBITDA margin 25% 17% 4%
Operating profit margin 19% 15% 1%
Net profit margin 16% 13% -2%
Other ratios
Dividends to the State 517.13
Dividends paid / net profit 0.55
Capital return ratios
Return on assets (ROA)
Return on equity (ROE)
Return on capital employed (ROCE)
Capital structure and liquidity ratios
Debt / asset ratio (D/A)
Current Ratio
Quick ratio
Turnover ratios
Asset turnover
Fixed asset turnover
Equity turnover
Profitability ratios
EBITDA margin
Operating profit margin
Net profit margin
Other ratios
Dividends to the State
Dividends paid / net profit

About the company

  • Official nameUAB „Gamybos optimizavimas“
  • Legal formPrivate limited liability company (UAB)
  • Company code304972024
  • SectorEnergy
  • Line of businessRegulates power plant optimization
  • Accountability„Ignitis grupė“ group of companies
  • Share indirectly belonging to the State100%
https://ignitisgrupe.lt/lt/uab-gamybos-optimizavimas
ROE

-3.2%

Number of employees

7

Financial data provided as at end-December 2019