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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.


       2023/24 GOOD CORPORATE GOVERNANCE INDEX

                      


        2022/23 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

2020 2021 2022 2023
Revenue 234 162 134 178
Cost of goods sold
Gross profit (loss) 234 162 134 178
Gross profit margin 100% 100% 100% 100%
Operating expenses 1,019 1,926 -5,775 -9,099
Operating profit (loss) -784 -1,763 5,909 9,277
Operating profit margin -335% -1086% 4416% 5223%
EBITDA 37 -1,437 6,506 9,779
EBITDA margin 16% -885% 4862% 5506%
Net profit (loss) -589 -2,091 5,322 7,956
Net profit margin -251% -1289% 3977% 4480%
2021-06 2022-06 2023-06 2024-06
Revenue 86 49 250 71
Cost of goods sold
Gross profit (loss) 86 49 250 71
Gross profit margin 100% 100% 100% 100%
Operating expenses 3,731 7,845 4,015 831
Operating profit (loss) -3,645 -7,796 -3,766 -760
Operating profit margin -4223% -15877% -1507% -1067%
EBITDA -3,635 -8,326 -2,780 -526
EBITDA margin -4212% -16958% -1113% -739%
Net profit (loss) -3,856 -8,618 -3,746 -416
Net profit margin -4468% -17551% -1499% -584%

Balance sheet

2020 2021 2022 2023
Non-current assets 243,375 208,307 170,744 154,487
Intangible assets 508 521 430 439
Tangible assets 221,273 193,727 168,014 154,048
Financial assets 21,324 13,815 2,300 0
Other non-current assets 271 244 0
Current assets 287,338 273,215 73,061 79,074
Inventories and prepaid expenses 37,651 20,538 18,421 18,413
Accounts receivable in one year 209,969 219,081 24,905 27,878
Other current assets 29,999 7,508 11,554 5,471
Cash and cash equivalents 9,718 26,088 18,181 27,313
Total assets 530,865 481,704 244,012 233,803
Equity 19,791 17,700 23,021 30,977
Grants and subsidies 438,029 395,276 170,928 158,665
Liabilities 7,876 9,144 13,511 17,744
Financial liabilities 0 0 0 0
Long-term liabilities
Short-term liabilities 7,876 9,144 13,511 17,744
Equity and liabilities 530,865 481,704 244,012 233,803
2021-06 2022-06 2023-06 2024-06
Non-current assets 230,268 195,319 166,019 149,916
Intangible assets 550 412 314 344
Tangible assets 208,044 180,420 163,401 149,573
Financial assets 21,337 13,831 2,304
Other non-current assets 338 656
Current assets 401 364 400 357
Inventories and prepaid expenses 30,714 18,995 17,951 20,472
Accounts receivable in one year 205,009 210,954 217,093 30,692
Other current assets 0 3,003 16,434 10,804
Cash and cash equivalents 26,190 6,989 4,061 17,787
Total assets 492,583 435,624 421,959 230,028
Equity 15,935 10,071 19,276 30,561
Grants and subsidies 402,963 355,890 357,792 157,632
Liabilities 8,537 10,104 8,356 15,425
Financial liabilities 0 0 0 0
Long-term liabilities
Short-term liabilities 8,537 10,104 8,356 15,425
Equity and liabilities 492,583 435,624 421,959 230,028

Financial ratios

2020 2021 2022 2023
Capital return ratios
Return on assets (ROA) -0% -0% 1% 3%
Return on equity (ROE) -3% -11% 26% 29%
Return on capital employed (ROCE) -4% -10% 26% 30%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.00 0.00 0.00 0.00
Current Ratio 36.48 29.88 5.41 4.46
Quick ratio 31.70 27.63 4.04 3.42
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 0.01 0.01
Profitability ratios
EBITDA margin 16% -885% 4862% 5506%
Operating profit margin -335% -1086% 4416% 5223%
Net profit margin -251% -1289% 3977% 4480%
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
2021-06 2022-06 2023-06 2024-06
Capital return ratios
Return on assets (ROA) -0% -1% 2% 3%
Return on equity (ROE) -5% -53% 69% 45%
Return on capital employed (ROCE) -23% -77% -20% -2%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.00 0.00 0.00 0.00
Current Ratio 30.68 23.75 30.58 5.17
Quick ratio 27.08 21.87 28.43 3.84
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 0.00 0.01 0.00
Profitability ratios
EBITDA margin -4212% -16958% -1113% -739%
Operating profit margin -4223% -15877% -1507% -1067%
Net profit margin -4468% -17551% -1499% -584%
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

29.5%

Number of employees

1,610

Financial data provided as at end-December 2023

Management

  • Linas BaužysChief Executive officer

Information as of: 2024/10/01

Board of Directors

CHAIRMAN OF THE BOARD OF DIRECTORS

  • Dr. Jurgita Radzevičė Independent memeber; UAB SBA Home

MEMBERS OF THE BOARD OF DIRECTORS

  • Laimonas BelickasIndependent member; UAB Orion Leasing; VĮ Turto bankas
  • Karolis SankovskiIndependent memeber; MB INFRADEAL; UAB Novusa; UAB Traffic solutions
  • Patricija Ceiko Ministry of Energy

Information as of: 2024/10/01