• English
  • Lithuanian
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.

Financial results

P/L Statment

2017 2018 2019 2020
Revenue 201 256 316 234
Cost of goods sold
Gross profit (loss) 201 256 316 234
Gross profit margin 100% 100% 100% 100%
Operating expenses 961 3,049 1,857 1,019
Operating profit (loss) -760 -2,793 -1,541 -784
Operating profit margin -377% -1090% -488% -335%
EBITDA -90 -1,626 -210 37
EBITDA margin -45% -635% -66% 16%
Net profit (loss) -1,636 -2,940 -1,042 -589
Net profit margin -812% -1147% -330% -251%
2018-06 2019-06 2020-06 2021-06
Revenue 97 115 97 86
Cost of goods sold
Gross profit (loss) 97 115 97 86
Gross profit margin % % 100% 100%
Operating expenses 4,236 2,301 3,915 3,731
Operating profit (loss) -4,139 -2,186 -3,818 -3,645
Operating profit margin % % -1909% -4223%
EBITDA -1,905 -3,635
EBITDA margin % % -1664% -4212%
Net profit (loss) -3,942 -2,110 -3,634 -3,856
Net profit margin % % -1843% -4468%

Balance sheet

2017 2018 2019 2020
Non-current assets 302,338 303,382 291,898 243,375
Intangible assets 90 414 515 508
Tangible assets 301,775 287,392 259,783 221,273
Financial assets 15,283 31,313 21,324
Other non-current assets 473 293 287 271
Current assets 398,077 322,025 288,810 287,338
Inventories and prepaid expenses 95,282 66,282 51,929 37,651
Accounts receivable in one year 230,519 202,921 200,269 209,969
Other current assets 7,769 20,000 29,999
Cash and cash equivalents 64,507 52,822 16,613 9,718
Total assets 700,482 625,484 580,821 530,865
Equity 24,322 21,421 20,380 19,791
Grants and subsidies 588,200 521,374 480,972 438,029
Liabilities 87,957 82,674 79,442 72,925
Financial liabilities
Long-term liabilities
Short-term liabilities 13,080 10,353 7,994 7,876
Equity and liabilities 700,482 625,484 580,821 530,865
2019-06 2020-06 2021-06
Non-current assets 308,342 266,841 230,268
Intangible assets 341 406 550
Tangible assets 276,251 234,784 208,044
Financial assets 31,321 31,331 21,337
Other non-current assets 429 320 338
Current assets 280,354 266,452 261,914
Inventories and prepaid expenses 56,160 52,646 30,714
Accounts receivable in one year 193,331 182,486 205,009
Other current assets 20,000 20,000
Cash and cash equivalents 10,864 11,319 26,190
Total assets 588,935 533,431 492,583
Equity 19,310 16,745 15,935
Grants and subsidies 487,586 437,212 402,963
Liabilities 82,032 79,397 73,586
Financial liabilities
Long-term liabilities
Short-term liabilities
Equity and liabilities 588,935 533,431 492,583

Financial ratios

2017 2018 2019 2020
Capital return ratios
Return on assets (ROA) -0% -0% -0% -0%
Return on equity (ROE) -3% -13% -5% -3%
Return on capital employed (ROCE) -0% -1% -0% -0%
Capital structure and liquidity ratios
Debt / asset ratio (D/A)
Current Ratio 30.43 31.11 36.13 36.48
Quick ratio 23.15 24.70 29.63 31.70
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 0.01 0.02 0.01
Profitability ratios
EBITDA margin -45% -635% -66% 16%
Operating profit margin -377% -1090% -488% -335%
Net profit margin -812% -1147% -330% -251%
Other ratios
Dividends to the State
Dividends paid / net profit
2018-06 2019-06 2020-06 2021-06
Capital return ratios
Return on assets (ROA) -0% % % -0%
Return on equity (ROE) -3% % % -5%
Return on capital employed (ROCE) -0% -0% -1% -2%
Capital structure and liquidity ratios
Debt / asset ratio (D/A)
Current Ratio 30.43
Quick ratio 23.15
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 0.01 0.01 0.01
Profitability ratios
EBITDA margin -45% % -1664% -4212%
Operating profit margin -377% % -1909% -4223%
Net profit margin -812% % -1843% -4468%
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 obligationsPerformes non-commercial special obligations
  • Share belonging to the State100%
http://www.iae.lt/
ROE

-2.9%

Number of employees

1,800

Financial data provided as at end-December 2020

Management

  • Audrius KamienasDirector General

Information as of: 2021/10/01

Board of Directors

CHAIRMAN OF THE BOARD OF DIRECTORS

  • Darius JasinskisJSC FSQUARE; Independent member

MEMBERS OF THE BOARD OF DIRECTORS

  • Rimvydas ŠtilinisEnergy cells, Employee representative
  • Patricija CeikoMinistry of Energy
  • Laimonas BelickasJSC Orion Leasing; Independent member
  • Jurgita RadzevičėJSC SBA Home, Independent memeber

Information as of: 2021/10/01