Klaipėdos nafta

AB Klaipėdos Nafta was established in 1994. The company’s main activities are export and import of crude oil and petroleum products. Crude oil and its products are reloaded in the company’s tanks. The company’s main competitors are the terminals of oil product handling in Baltic Sea ports. Klaipėdos Nafta shares are traded on the NASDAQ OMX Vilnius Stock Exchange.
Financial results
P/L Statment
2016 | 2017 | 2018 | 2019 | |
---|---|---|---|---|
Revenue | 103,839 | 106,484 | 99,998 | 104,363 |
Cost of goods sold | 83,042 | 82,739 | 82,629 | 83,529 |
Gross profit (loss) | 20,797 | 23,745 | 17,369 | 20,834 |
Gross profit margin | 20% | 22% | 17% | 20% |
Operating expenses | 5,905 | 6,217 | 5,780 | 7,064 |
Operating profit (loss) | 14,892 | 17,528 | 11,589 | 13,770 |
Operating profit margin | 14% | 16% | 12% | 13% |
EBITDA | 28,060 | 31,239 | 26,781 | 71,818 |
EBITDA margin | 27% | 29% | 27% | 69% |
Net profit (loss) | 13,794 | 17,031 | 11,577 | 7,561 |
Net profit margin | 13% | 16% | 12% | 7% |
2017-06-30 | 2018-06-30 | 2019-06-30 | 2020-06-30 | |
---|---|---|---|---|
Revenue | 52,341 | 52,739 | 51,244 | 40,737 |
Cost of goods sold | 41,276 | 40,052 | 42,561 | 25,094 |
Gross profit (loss) | 11,065 | 12,687 | 8,683 | 15,643 |
Gross profit margin | 21% | 24% | 17% | 38% |
Operating expenses | 2,814 | 2,684 | 3,471 | 4,699 |
Operating profit (loss) | 8,251 | 10,003 | 5,212 | 10,944 |
Operating profit margin | 16% | 19% | 10% | 27% |
EBITDA | 15,195 | 17,170 | 33,805 | 24,166 |
EBITDA margin | 29% | 33% | 66% | 59% |
Net profit (loss) | 838 | 9 | 2,542 | 9,412 |
Net profit margin | 14% | 19% | 5% | 23% |
Balance sheet
2016 | 2017 | 2018 | 2019 | |
---|---|---|---|---|
Non-current assets | 186,895 | 204,977 | 202,473 | 581,351 |
Intangible assets | 399 | 490 | 726 | 534 |
Tangible assets | 182,925 | 201,449 | 199,211 | 207,824 |
Financial assets | 411 | 410 | 404 | 197 |
Other non-current assets | 3,160 | 2,628 | 2,132 | 372,796 |
Biological assets | ||||
Current assets | 55,536 | 96,268 | 90,654 | 81,946 |
Inventories and prepaid expenses | 2,117 | 1,372 | 1,747 | 2,400 |
Accounts receivable in one year | 11,207 | 12,765 | 13,998 | 14,327 |
Other current assets | 156 | 65,384 | 1,671 | 23,354 |
Cash and cash equivalents | 42,056 | 16,747 | 73,238 | 41,865 |
Total assets | 242,431 | 301,245 | 293,127 | 663,297 |
Equity | 192,969 | 200,344 | 195,490 | 190,649 |
Minority share of capital | ||||
Grants and subsidies | 2,781 | 4,006 | 4,642 | 5,988 |
Liabilities | 46,681 | 96,895 | 92,995 | 466,660 |
Financial liabilities | 29,724 | 76,379 | 76,152 | 73,373 |
Long-term liabilities | 31,290 | 76,733 | 74,368 | 402,366 |
Short-term liabilities | 15,391 | 20,162 | 18,627 | 64,294 |
Equity and liabilities | 242,431 | 301,245 | 293,127 | 663,297 |
2017-06-30 | 2018-06-30 | 2019-06-30 | 2020-06-30 | |
---|---|---|---|---|
Non-current assets | 189,957 | 203,564 | 470,291 | 569,797 |
Intangible assets | 407 | 631 | 634 | 429 |
Tangible assets | 186,245 | 200,217 | 466,776 | 568,253 |
Financial assets | 411 | 357 | 1,068 | 972 |
Other non-current assets | 2,894 | 2,359 | 1,813 | 143 |
Biological assets | ||||
Current assets | 52,045 | 89,952 | 77,752 | 89,373 |
Inventories and prepaid expenses | 1,921 | 1,607 | 2,083 | 2,636 |
Accounts receivable in one year | 13,281 | 13,845 | 12,989 | 13,743 |
Other current assets | 619 | 599 | 2,213 | 18,544 |
Cash and cash equivalents | 36,224 | 73,901 | 60,467 | 54,450 |
Total assets | 242,002 | 293,516 | 548,043 | 659,170 |
Equity | 190,702 | 193,523 | 185,688 | 192,070 |
Minority share of capital | ||||
Grants and subsidies | 4,006 | 4,897 | 4,464 | 5,712 |
Liabilities | 47,294 | 95,096 | 357,891 | 461,388 |
Financial liabilities | 29,664 | 76,388 | 74,957 | 448,932 |
Long-term liabilities | 31,442 | 75,620 | 289,159 | 395,740 |
Short-term liabilities | 15,852 | 19,476 | 68,732 | 63,852 |
Equity and liabilities | 242,002 | 293,516 | 548,043 | 659,170 |
Financial ratios
2016 | 2017 | 2018 | 2019 | |
---|---|---|---|---|
Capital return ratios | ||||
Return on assets (ROA) | 6% | 6% | 4% | 2% |
Return on equity (ROE) | 7% | 9% | 6% | 4% |
Return on capital employed (ROCE) | 13% | 13% | 9% | 5% |
Capital structure and liquidity ratios | ||||
Debt / asset ratio (D/A) | 0.15 | 0.38 | 0.39 | 0.38 |
Current Ratio | 3.61 | 4.77 | 4.87 | 1.27 |
Quick ratio | 3.47 | 4.71 | 4.77 | 1.24 |
Turnover ratios | ||||
Asset turnover | 0.43 | 0.39 | 0.34 | 0.22 |
Fixed asset turnover | 0.57 | 0.54 | 0.49 | 0.27 |
Equity turnover | 0.53 | 0.54 | 0.51 | 0.54 |
Profitability ratios | ||||
EBITDA margin | 27% | 29% | 27% | 69% |
Operating profit margin | 14% | 16% | 12% | 13% |
Net profit margin | 13% | 16% | 12% | 7% |
Other ratios | ||||
Dividends to the State | 6,983.22 | 12,316.72 | 8,372.66 | 5,747.27 |
Dividends paid / net profit | 0.51 | 0.72 | 0.72 | 0.76 |
2017-06-30 | 2018-06-30 | 2019-06-30 | 2020-06-30 | |
---|---|---|---|---|
Capital return ratios | ||||
Return on assets (ROA) | 6% | 7% | 1% | 2% |
Return on equity (ROE) | 9% | 10% | 2% | 8% |
Return on capital employed (ROCE) | 13% | 7% | 2% | 4% |
Capital structure and liquidity ratios | ||||
Debt / asset ratio (D/A) | 0.38 | 0.39 | 0.40 | 2.34 |
Current Ratio | 4.77 | 4.62 | 1.13 | 1.40 |
Quick ratio | 4.71 | 4.54 | 1.10 | 1.36 |
Turnover ratios | ||||
Asset turnover | 0.39 | 0.20 | 0.12 | 0.07 |
Fixed asset turnover | 0.54 | 0.27 | 0.15 | 0.08 |
Equity turnover | 0.54 | 0.27 | 0.27 | 0.22 |
Profitability ratios | ||||
EBITDA margin | 29% | 33% | 66% | 59% |
Operating profit margin | 16% | 19% | 10% | 27% |
Net profit margin | 16% | 19% | 5% | 23% |
Other ratios | ||||
Dividends to the State | 12,316.72 | |||
Dividends paid / net profit | 0.72 |
Financial statments
Expectations of the state
Target return on equity
5.8%
About the company
- Official nameAB „Klaipėdos nafta“
- Legal formPublic limited liability company (AB)
- Company code110648893
- SectorEnergy
- Line of businessExport and import of oil and oil products
- Institution representing the StateMinistry of Energy
- Share belonging to the State72.32%
Return to the State
5.7 EUR milion
ROE
3.9%
Number of employees
365
Financial data provided as at end-December 2019
Management
- Darius ŠilenskisDirector General
Information as of: 2021/04/01
Board of Directors
CHAIRMAN OF THE BOARD OF DIRECTORS
- Giedrius DusevičiusUAB Digital Audio; Indendent member
MEMBERS OF THE BOARD OF DIRECTORS
- Bjarke PålssonMark & Wedell A/S, M&W JAWO A/S; Independent member
- Mantas BartuškaAB Lietuvos geležinkeliai, Lithuanian Confederation of Industrialists
- Dainius BražiūnasMinistry of Energy
- Ian Jonathan BradshawContiguous Consulting Ltd.; Independent member
Information as of: 2021/04/01
Supervisory board
CHAIRMAN OF THE SUPERVISORY BOARD
- Eimantas KiudulasUAB iValue, UAB Klaipėdos laisvosios ekonominės zonos valdymo bendrovė, UAB Flex Start One, Eimanto Kiudulo company; Independent member
SUPERVISORY BOARD MEMBERS
- Karolis ŠvaikauskasMinistry of Energy
- Žaneta Kovaliova UP Consulting Group Ltd director, shareholder; Independent member
Information as of: 2021/04/01