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Valdymo koordinavimo centras Governance Coordination Centre

Indirectly Owned State Enterprises

Financial results

P/L Statment

2016 2017 2018 2019
Revenue 172,922 149,815 137,821 145,504
Cost of goods sold 76,395 58,505 61,894 53,511
Gross profit (loss) 96,527 91,310 75,927 91,993
Gross profit margin 56% 61% 55% 63%
Operating expenses 47,497 75,074 32,273 41,283
Operating profit (loss) 49,030 16,236 43,654 50,710
Operating profit margin 28% 11% 32% 35%
EBITDA 69,583 41,192 62,688 68,945
EBITDA margin 40% 27% 45% 47%
Net profit (loss) 39,975 20,521 34,664 42,792
Net profit margin 23% 14% 25% 29%
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

2016 2017 2018 2019
Non-current assets 668,520 518,626 535,987 519,691
Intangible assets 12,157 15,238 48,597 51,888
Tangible assets 645,054 496,818 476,271 450,261
Financial assets 4,444 4,446
Other non-current assets 11,309 6,570 6,675 13,096
Biological assets
Current assets 150,910 117,662 120,727 158,421
Inventories and prepaid expenses 9,298 9,059 7,068 16,882
Accounts receivable in one year 16,331 17,216 12,037 15,845
Other current assets 26,236 30,687 53,737 67,193
Cash and cash equivalents 99,045 60,700 47,885 58,501
Total assets 819,430 636,288 656,714 678,112
Equity 355,566 353,874 391,812 410,053
Minority share of capital
Grants and subsidies 269,758 177,875 171,039 166,722
Liabilities 194,106 104,539 93,863 101,337
Financial liabilities 32,907 55,557 38,036 25,734
Long-term liabilities 146,772 58,390 58,860 52,252
Short-term liabilities 47,334 45,621 24,383 32,195
Equity and liabilities 819,430 636,288 656,714 678,112
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

2016 2017 2018 2019
Capital return ratios
Return on assets (ROA) 5% 3% 5% 6%
Return on equity (ROE) 11% 6% 9% 11%
Return on capital employed (ROCE) 13% 5% 14% 16%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.09 0.16 0.10 0.06
Current Ratio 3.19 2.58 4.95 4.92
Quick ratio 2.99 2.38 4.66 4.40
Turnover ratios
Asset turnover 0.21 0.21 0.21 0.22
Fixed asset turnover 0.25 0.25 0.26 0.28
Equity turnover 0.50 0.42 0.37 0.36
Profitability ratios
EBITDA margin 40% 27% 45% 47%
Operating profit margin 28% 11% 32% 35%
Net profit margin 23% 14% 25% 29%
Other ratios
Dividends to the State
Dividends paid / net profit

* 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

10.7%

Number of employees

356

Financial data provided as at end-December 2019