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Valdymo koordinavimo centras Governance Coordination Centre

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.


       2022/23 GOOD CORPORATE GOVERNANCE INDEX

             


        2021/22 GOOD CORPORATE GOVERNANCE INDEX        

Sk – Transparency dimension
KO – Board dimension
SP – Strategic planning and target achievement dimension
GI – Good governance ratio

Financial results

P/L Statment

2019 2020 2021 2022
Revenue 316 234 162 134
Cost of goods sold
Gross profit (loss) 316 234 162 134
Gross profit margin 100% 100% 100% 100%
Operating expenses 1,857 1,019 1,926 -5,775
Operating profit (loss) -1,541 -784 -1,763 5,909
Operating profit margin -488% -335% -1086% 4416%
EBITDA -210 37 -1,437 6,506
EBITDA margin -66% 16% -885% 4863%
Net profit (loss) -1,042 -589 -2,091 5,322
Net profit margin -330% -251% -1289% 3977%
2020-06 2021-06 2022-06 2023-06
Revenue 97 86 49 250
Cost of goods sold 0
Gross profit (loss) 97 86 49 250
Gross profit margin 100% 100% 100% 100%
Operating expenses 3,915 3,731 7,845 4,015
Operating profit (loss) -3,818 -3,645 -7,796 -3,766
Operating profit margin -3936% -4223% -15877% -1507%
EBITDA -3,432 -3,635 -8,326 -2,780
EBITDA margin -3538% -4212% -16958% -1113%
Net profit (loss) -3,634 -3,856 -8,618 -3,746
Net profit margin -3747% -4468% -17551% -1499%

Balance sheet

2019 2020 2021 2022
Non-current assets 291,898 243,375 208,307 170,744
Intangible assets 515 508 521 430
Tangible assets 259,783 221,273 193,727 167,621
Financial assets 31,313 21,324 13,815 2,300
Other non-current assets 287 271 244 394
Current assets 288,810 287,338 273,215 292,726
Inventories and prepaid expenses 51,929 37,651 20,538 18,421
Accounts receivable in one year 200,269 209,969 219,081 244,571
Other current assets 20,000 29,999 7,508 11,554
Cash and cash equivalents 16,613 9,718 26,088 18,181
Total assets 580,821 530,865 481,704 463,677
Equity 20,380 19,791 17,700 23,021
Grants and subsidies 480,972 438,029 395,276 393,527
Liabilities 7,994 7,876 9,144 10,577
Financial liabilities 0 0 0 0
Long-term liabilities
Short-term liabilities 7,994 7,876 9,144 10,577
Equity and liabilities 580,821 530,865 481,704 463,677
2020-06 2021-06 2022-06 2023-06
Non-current assets 266,841 230,268 195,319 166,019
Intangible assets 406 550 412 314
Tangible assets 234,784 208,044 180,420 163,401
Financial assets 31,331 21,337 13,831 2,304
Other non-current assets 320 338 656
Current assets 266,452 261,914 239,941 255,540
Inventories and prepaid expenses 52,646 30,714 18,995 17,951
Accounts receivable in one year 182,486 205,009 210,954 217,093
Other current assets 20,000 0 3,003 16,434
Cash and cash equivalents 11,319 26,190 6,989 4,061
Total assets 533,431 492,583 435,624 421,959
Equity 16,745 15,935 10,071 19,276
Grants and subsidies 437,212 402,963 355,890 357,792
Liabilities 8,020 8,537 10,104 8,356
Financial liabilities 0 0 0 0
Long-term liabilities 0 0 0 0
Short-term liabilities 8,020 8,537 10,104 8,356
Equity and liabilities 533,431 492,583 435,624 421,959

Financial ratios

2019 2020 2021 2022
Capital return ratios
Return on assets (ROA) -0% -0% -0% 1%
Return on equity (ROE) -5% -3% -11% 26%
Return on capital employed (ROCE) -8% -4% -10% 26%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.00 0.00 0.00 0.00
Current Ratio 36.13 36.48 29.88 27.67
Quick ratio 29.63 31.70 27.63 25.93
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 0.02 0.01 0.01 0.01
Profitability ratios
EBITDA margin -66% 16% -885% 4863%
Operating profit margin -488% -335% -1086% 4416%
Net profit margin -330% -251% -1289% 3977%
Other ratios
Dividends to the State 0.00 0.00 0.00 0.00
Dividends paid / net profit 0.00 0.00 0.00 0.00
2020-06 2021-06 2022-06 2023-06
Capital return ratios
Return on assets (ROA) -0% -0% -1% 2%
Return on equity (ROE) -14% -5% -53% 69%
Return on capital employed (ROCE) -23% -23% -77% -20%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.00 0.00 0.00 0.00
Current Ratio 33.23 30.68 23.75 30.58
Quick ratio 26.66 27.08 21.87 28.43
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 0.01 0.01 0.00 0.01
Profitability ratios
EBITDA margin -3538% -4212% -16958% -1113%
Operating profit margin -3936% -4223% -15877% -1507%
Net profit margin -3747% -4468% -17551% -1499%
Other ratios
Dividends to the State
Dividends paid / net profit

Expectations of the state

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 obligationsPerformes non-commercial special obligations
  • Share belonging to the State100%
http://www.iae.lt/
ROE

26.1%

Number of employees

1,604

Financial data provided as at end-December 2022

Management

  • Linas BaužysChief Executive officer

Information as of: 2024/04/02

Board of Directors

CHAIRMAN OF THE BOARD OF DIRECTORS

  • -

Information as of: 2024/04/02