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Valdymo koordinavimo centras Governance Coordination Centre

Indirectly Owned State Enterprises

Financial results

P/L Statment

2017 2018 2019 2020
Revenue 149,815 137,821 145,504 174,460
Cost of goods sold 58,505 61,894
Gross profit (loss) 91,310 75,927 145,504 174,460
Gross profit margin 61% 55% 100% 100%
Operating expenses 75,074 32,273 94,794 123,862
Operating profit (loss) 16,236 43,654 50,710 50,598
Operating profit margin 11% 32% 35% 29%
EBITDA 41,192 62,688 69,160 68,235
EBITDA margin 27% 45% 48% 39%
Net profit (loss) 20,521 34,664 42,792 41,793
Net profit margin 14% 25% 29% 24%
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

* Left axis

** Right axis

*** All data in Profit and Loss Statement table and corresponding chart is in EUR thousand, unless otherwise noted

Balance sheet

2017 2018 2019 2020
Non-current assets 518,626 535,987 519,691 517,089
Intangible assets 15,238 48,597 51,888 78,662
Tangible assets 496,818 476,271 462,088 438,328
Financial assets 4,444 628 99
Other non-current assets 6,570 6,675 5,087
Biological assets
Current assets 117,662 120,727 142,837 167,081
Inventories and prepaid expenses 9,059 7,068 1,298 2,033
Accounts receivable in one year 17,216 12,037 33,067 17,786
Other current assets 30,687 53,737 49,971 9,142
Cash and cash equivalents 60,700 47,885 58,501 138,120
Total assets 636,288 656,714 678,112 689,922
Equity 353,874 391,812 410,053 417,513
Minority share of capital
Grants and subsidies 177,875 171,039 166,722 154,035
Liabilities 104,539 93,863 101,296 118,153
Financial liabilities 55,557 38,036 31,479 27,046
Long-term liabilities 58,390 58,860 52,252 50,748
Short-term liabilities 45,621 24,383 32,154 32,213
Equity and liabilities 636,288 656,714 678,112 689,922
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

* All data in Balance Sheet table and corresponding chart is in EUR thousand, unless otherwise noted

Financial ratios

2017 2018 2019 2020
Capital return ratios
Return on assets (ROA) -11% 5% 6% 6%
Return on equity (ROE) -13% 9% 11% 10%
Return on capital employed (ROCE) -27% 14% 16% 15%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.10 0.08 0.06
Current Ratio 0.91 4.95 4.44 5.19
Quick ratio 0.18 4.66 4.40 5.12
Turnover ratios
Asset turnover 0.77 0.21 0.22 0.26
Fixed asset turnover 0.95 0.26 0.28 0.34
Equity turnover 0.93 0.37 0.36 0.42
Profitability ratios
EBITDA margin -10% 45% 48% 39%
Operating profit margin -14% 32% 35% 29%
Net profit margin -14% 25% 29% 24%
Other ratios
Dividends to the State 23,188.23 24,627.56 49,886.60
Dividends paid / net profit 0.67 0.58 1.19

* Left axis

** Right axis

*** Dividends to the state in Financial Ratios table is in EUR thousand

2017-06-30
Capital return ratios
Return on assets (ROA) 3%
Return on equity (ROE) 6%
Return on capital employed (ROCE) 5%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.16
Current Ratio 2.58
Quick ratio 2.38
Turnover ratios
Asset turnover 0.21
Fixed asset turnover 0.25
Equity turnover 0.42
Profitability ratios
EBITDA margin 27%
Operating profit margin 11%
Net profit margin 14%
Other ratios
Dividends to the State
Dividends paid / net profit

About the company

  • Official nameAB „Lietuvos energijos gamyba“ įmonių grupė
  • Legal formPublic limited liability company (AB)
  • Company code302648707
  • SectorEnergy
  • Line of businessProduction of electricity, trade in electricity
  • Accountability„Ignitis grupė“ group of companies
  • Share indirectly belonging to the State96.75%
http://www.gamyba.le.lt/
ROE

%

Financial data provided as at end-December 2020