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Valdymo koordinavimo centras

State Owned Enterprises

Klaipėda seaport infrastructure management is the main function of Klaipėdos valstybinio jūrų uosto direkcija,which was established in 1991. This company collects fees for using the port infrastructure, leases the land, carries out port development and reconstruction works. The main competitors of the port are the ports of Riga, Ventspils, Tallinn and Kaliningrad.

Financial results

P/L Statment

2016 2017 2018 2019
Revenue 56,514 59,795 63,736 63,944
Cost of goods sold
Gross profit (loss) 56,514 59,795 63,736 63,944
Gross profit margin 100% 100% 100% 100%
Operating expenses 30,868 27,934 29,173 30,290
Operating profit (loss) 25,646 31,861 34,563 33,654
Operating profit margin 45% 53% 54% 53%
EBITDA 42,581 46,601 48,477 47,763
EBITDA margin 75% 78% 76% 75%
Net profit (loss) 27,149 38,442 34,128 36,290
Net profit margin 48% 64% 54% 57%
2017-06-30 2018-06-30 2019-06-30 2020-06-30
Revenue 28,604 30,350 31,654 31,168
Cost of goods sold
Gross profit (loss) 28,604 30,350 31,654 31,168
Gross profit margin 100% 100% 100% 100%
Operating expenses 14,486 13,370 15,707 14,669
Operating profit (loss) 14,118 16,980 15,947 16,499
Operating profit margin 49% 56% 50% 53%
EBITDA 21,452 23,824 22,883 24,095
EBITDA margin 75% 78% 72% 77%
Net profit (loss) 2,596 17,637 16,646
Net profit margin 49% 47% 45% 53%

Balance sheet

2016 2017 2018 2019
Non-current assets 504,158 508,683 532,206 594,169
Intangible assets 1,367 1,755 1,716 1,697
Tangible assets 488,791 500,289 519,644 583,864
Financial assets 14,000 4,717
Other non-current assets 6,639 6,129 8,608
Biological assets
Current assets 44,838 73,845 59,711 19,853
Inventories and prepaid expenses 448 419 465 518
Accounts receivable in one year 3,988 4,892 4,837 3,842
Other current assets 3,005 14,045
Cash and cash equivalents 37,397 54,489 54,405 15,493
Total assets 548,996 582,528 591,917 614,022
Equity 479,908 518,614 530,604 539,748
Minority share of capital
Grants and subsidies 52,885 50,921 56,423 67,312
Liabilities 16,203 12,993 4,890 6,962
Financial liabilities 9,644 7,692
Long-term liabilities 8,839 7,107 206 410
Short-term liabilities 7,364 5,886 4,684 6,552
Equity and liabilities 548,996 582,528 591,917 614,022
2017-06-30 2018-06-30 2019-06-30 2020-06-30
Non-current assets 498,665 516,853 571,217 607,518
Intangible assets 1,385 1,878 1,731 1,719
Tangible assets 497,281 510,131 558,118 597,116
Financial assets 10,017
Other non-current assets 4,844 1,351 8,683
Biological assets
Current assets 70,877 59,732 21,535 11,116
Inventories and prepaid expenses 829 469 588 388
Accounts receivable in one year 5,885 12,154 12,249 4,321
Other current assets 17,000
Cash and cash equivalents 47,163 47,109 8,698 6,407
Total assets 569,542 576,592 592,754 618,634
Equity 501,312 510,680 514,670 528,394
Minority share of capital
Grants and subsidies 53,710 57,116 62,762 71,265
Liabilities 14,521 8,796 15,322 18,975
Financial liabilities 8,668 11,968
Long-term liabilities 8,446 185 299 12,460
Short-term liabilities 6,075 8,611 15,023 6,515
Equity and liabilities 569,542 576,592 592,754 618,634

Financial ratios

2016 2017 2018 2019
Capital return ratios
Return on assets (ROA) 5% 7% 6% 6%
Return on equity (ROE) 6% 8% 7% 7%
Return on capital employed (ROCE) 10% 11% 12% 11%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.02 0.01
Current Ratio 6.09 12.55 12.75 3.03
Quick ratio 6.03 12.47 12.65 2.95
Turnover ratios
Asset turnover 0.11 0.11 0.11 0.11
Fixed asset turnover 0.11 0.12 0.12 0.11
Equity turnover 0.12 0.12 0.12 0.12
Profitability ratios
EBITDA margin 75% 78% 76% 75%
Operating profit margin 45% 53% 54% 53%
Net profit margin 48% 64% 54% 57%
Other ratios
Dividends to the State 22,331.60 28,000.00 28,000.00
Dividends paid / net profit 0.58 0.82 0.77
2017-06-30 2018-06-30 2019-06-30 2020-06-30
Capital return ratios
Return on assets (ROA) 7% 7% 5% 6%
Return on equity (ROE) 8% 8% 6% 7%
Return on capital employed (ROCE) 11% 6% 6% 5%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.01 0.02
Current Ratio 12.55 6.94 1.43 1.71
Quick ratio 12.47 6.88 1.39 1.65
Turnover ratios
Asset turnover 0.11 0.05 0.05 0.05
Fixed asset turnover 0.12 0.06 0.06 0.05
Equity turnover 0.12 0.06 0.06 0.06
Profitability ratios
EBITDA margin 78% 78% 72% 77%
Operating profit margin 53% 56% 50% 53%
Net profit margin 64% 47% 45% 53%
Other ratios
Dividends to the State 22,331.60
Dividends paid / net profit 0.58

Expectations of the state

Target return on equity

6.0%

About the company

  • Official nameVĮ Klaipėdos valstybinio jūrų uosto direkcija
  • Legal formState enterprise (VĮ)
  • Company code240329870
  • SectorTransport and Communications
  • Line of businessAdministration of seaport
  • Institution representing the StateMinistry of Transport and Communications
  • Special obligationsVykdo nekomercinius specialiuosius įpareigojimus
  • Share belonging to the State100%
http://www.portofklaipeda.lt
Return to the State

28.5 EUR milion

ROE

6.9%

Number of employees

241

Financial data provided as at end-December 2019

Management

  • Algis LatakasDirector General

Information as of: 2020/10/01

Board of Directors

CHAIRMAN OF THE BOARD OF DIRECTORS

  • Nerijus UdrėnasEnergy and Infrastructure Baltic Fund; Independent member

MEMBERS OF THE BOARD OF DIRECTORS

  • Saulius KerzaMinistry of Transport and Communications
  • Vaidotas RūkasINVL Asset Management; Independent member
  • Eligijus KajietaReward Consulting; Independent member
  • Edvardas SimokaitisKlaipėda city municipality

Information as of: 2020/10/01