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Valdymo koordinavimo centras

State Owned Enterprises

The construction of the Ignalina Nuclear Power Plant (INPP) began in 1974. In fulfilling Lithuanias obligations under the Treaty of Accession to the European Union,2009 December 31 INPP has completely cut off electricity production. From the electricity producer it became a company that ceases its activity but operates a nuclear facility. From 2010 January 1 decommissioning became the main INPP activity. The main goal of the company is to terminate the operation of the nuclear power plant with RBMK reactors in a safe, timely and efficient manner.

Financial results

P/L Statment

2016 2017 2018 2019
Revenue 194 201 256 316
Cost of goods sold
Gross profit (loss) 194 201 256 316
Gross profit margin 100% 100% 100% 100%
Operating expenses 3,999 961 3,049 1,857
Operating profit (loss) -3,805 -760 -2,793 -1,541
Operating profit margin -1961% -377% -1090% -488%
EBITDA -2,957 -90 -1,626 -210
EBITDA margin -1524% -45% -635% -66%
Net profit (loss) -3,966 -1,636 -2,940 -1,042
Net profit margin -2044% -812% -1147% -330%
2017-06-30 2018-06-30 2019-06-30 2020-06-30
Revenue 96 97 115 97
Cost of goods sold
Gross profit (loss) 96 97 115 97
Gross profit margin 100% 100% 100% 100%
Operating expenses 2,387 4,236 2,301 3,915
Operating profit (loss) -2,291 -4,139 -2,186 -3,818
Operating profit margin -2386% -4267% -1909% -3936%
EBITDA -1,937 -3,285 -1,906 -3,432
EBITDA margin -2017% -3387% -1664% -3538%
Net profit (loss) -2,110 -3,634
Net profit margin -2567% -4064% -1844% -3747%

Balance sheet

2016 2017 2018 2019
Non-current assets 284,284 302,338 303,382 291,898
Intangible assets 130 90 414 515
Tangible assets 276,219 301,775 287,392 259,783
Financial assets 7,759 15,283 31,313
Other non-current assets 176 473 293 287
Biological assets
Current assets 360,507 398,077 322,025 288,810
Inventories and prepaid expenses 120,855 95,282 66,282 51,929
Accounts receivable in one year 172,296 230,519 202,921 200,269
Other current assets 11,830 7,769 20,000
Cash and cash equivalents 55,526 64,507 52,822 16,613
Total assets 644,868 700,482 625,484 580,821
Equity 105,517 24,322 21,421 20,380
Minority share of capital
Grants and subsidies 527,833 588,200 521,374 480,972
Liabilities 11,515 87,957 82,674 79,442
Financial liabilities
Long-term liabilities
Short-term liabilities 11,515 13,080 10,353 7,994
Equity and liabilities 644,868 700,482 625,484 580,821
2017-06-30 2018-06-30 2019-06-30 2020-06-30
Non-current assets 307,101 313,429 308,342 266,841
Intangible assets 108 73 341 406
Tangible assets 298,924 297,586 276,251 234,784
Financial assets 7,752 15,279 31,321 31,331
Other non-current assets 317 491 429 320
Biological assets
Current assets 313,936 334,157 280,354 266,452
Inventories and prepaid expenses 112,095 80,547 56,160 52,646
Accounts receivable in one year 141,895 202,175 193,331 182,486
Other current assets 9,204 20,000 20,000
Cash and cash equivalents 50,742 51,435 10,864 11,319
Total assets 621,037 647,586 588,935 533,431
Equity 103,054 96,145 19,310 16,745
Minority share of capital
Grants and subsidies 497,440 539,449 487,586 437,212
Liabilities 20,543 11,992 82,032 79,397
Financial liabilities
Long-term liabilities
Short-term liabilities 20,543 11,992 9,710 8,020
Equity and liabilities 621,037 647,586 588,935 533,431

Financial ratios

2016 2017 2018 2019
Capital return ratios
Return on assets (ROA) -1% -0% -0% -0%
Return on equity (ROE) -4% -3% -13% -5%
Return on capital employed (ROCE) -1% -0% -1% -0%
Capital structure and liquidity ratios
Debt / asset ratio (D/A)
Current Ratio 31.31 30.43 31.11 36.13
Quick ratio 20.81 23.15 24.70 29.63
Turnover ratios
Asset turnover 0.00 0.00 0.00 0.00
Fixed asset turnover 0.00 0.00 0.00 0.00
Equity turnover 0.00 0.00 0.01 0.02
Profitability ratios
EBITDA margin -1524% -45% -635% -66%
Operating profit margin -1961% -377% -1090% -488%
Net profit margin -2044% -812% -1147% -330%
Other ratios
Dividends to the State
Dividends paid / net profit
2017-06-30 2018-06-30 2019-06-30 2020-06-30
Capital return ratios
Return on assets (ROA) -0% -1% -0% -0%
Return on equity (ROE) -3% -7% -6% -14%
Return on capital employed (ROCE) -0% -1% -1% -1%
Capital structure and liquidity ratios
Debt / asset ratio (D/A)
Current Ratio 30.43 27.86 28.87 33.23
Quick ratio 23.15 21.15 23.09 26.66
Turnover ratios
Asset turnover 0.00 0.00 0.00 0.00
Fixed asset turnover 0.00 0.00 0.00 0.00
Equity turnover 0.00 0.00 0.00 0.01
Profitability ratios
EBITDA margin -45% -3387% -1664% -3538%
Operating profit margin -377% -4267% -1909% -3936%
Net profit margin -812% -4064% -1844% -3747%
Other ratios
Dividends to the State
Dividends paid / net profit

Expectations of the state

Target return on equity undefined

About the company

  • Official nameVĮ Ignalinos atominė elektrinė
  • Legal formState enterprise (VĮ)
  • Company code255450080
  • SectorEnergy
  • Line of businessShutdown of Ignalina nuclear power plant
  • Institution representing the StateMinistry of Energy
  • Special obligationsVykdo nekomercinius specialiuosius įpareigojimus
  • Share belonging to the State100%
http://www.iae.lt/
ROE

-5.0%

Number of employees

1,837

Financial data provided as at end-December 2019

Management

  • Audrius KamienasDirector General

Information as of: 2020/10/01

Board of Directors

CHAIRMAN OF THE BOARD OF DIRECTORS

  • -

MEMBERS OF THE BOARD OF DIRECTORS

  • Rimvydas ŠtilinisEPSO-G, Employee representative
  • Patricija CeikoMinistry of Energy
  • Laimonas BelickasSIA UniCredit Leasing Lietuvos filialas; Independent member
  • Darius JasinskisDanske Bank A/S; Independent member
  • Jurgita RadzevičėIndependent memeber

Information as of: 2020/10/01