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Valdymo koordinavimo centras Governance Coordination Centre

State Owned Enterprises

Klaipėdos valstybinio jūrų uosto direkcija is a state-owned enterprise established in 1991.The company provides public services in the operation of the Klaipėda State Seaport and in the management of state-owned objects located in the port, ensuring the functioning and competitiveness of the Klaipėda State Seaport in the Eastern Baltic Sea Region. The Company performs the functions provided for in the Law of the Republic of Lithuania on the Klaipėda State Seaport in order to increase the added value for the state and the revenue to the state budget, by properly operating and developing the port infrastructure and by carrying out other activities in order to meet the public interests.

KEY FINANCIAL PERFORMANCE INDICATORS FOR THE PERIOD 2022-2024

  • Annual return on equity ROE:
    • 2022 ≥ 1,7 percent.
    • 2023–2024 ≥ 2,1 percent.
  • Annual net debt to EBITDA ratio:
    • 2022–2024 ≤ 4 times
  • Assigned profit contributions for the calendar year:
    • 2022–2024 ≥ 70 % from distributable profit

TARGETED SPECIFIC INDICATORS FOR THE PERIOD 2022-2024

  • EEBITDA margin,%:
    • 2022 – 57
    • 2023 – 61
    • 2024 – 59
  • Ratio of total liabilities to equity, sometimes:
    • 2022 – 0,3
    • 2023 – 0,57
    • 2024 – 0,71
  • Cargo handling, million tons:
    • 2022 – 30,9
    • 2023 – 31,3
    • 2024 – 31,6
  • Customer Satisfaction Index eNPS,%:
    • 2022 – 50
    • 2023 – 60
    • 2024 – 75
  • Employee turnover coefficient,%::
    • 2022-2024 < 5

          2020 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

2018 2019 2020 2021
Revenue 63,736 63,944 66,083 66,082
Cost of goods sold
Gross profit (loss) 63,736 63,944 66,083 66,082
Gross profit margin 100% 100% 100% 100%
Operating expenses 29,173 30,290 30,774 29,817
Operating profit (loss) 34,563 33,654 35,309 36,265
Operating profit margin 54% 53% 53% 55%
EBITDA 48,477 47,763 50,453 51,760
EBITDA margin 76% 75% 76% 78%
Net profit (loss) 34,128 36,290 36,072 31,007
Net profit margin 54% 57% 55% 47%
2018-06 2019-06 2020-06 2021-06
Revenue 30,350 31,654 31,168 33,167
Cost of goods sold
Gross profit (loss) 30,350 31,654 31,168 33,167
Gross profit margin % % 100% 100%
Operating expenses 13,370 15,707 14,669 14,304
Operating profit (loss) 16,980 15,947 16,499 18,863
Operating profit margin % % 50% 57%
EBITDA 22,883 26,564
EBITDA margin % % 72% 80%
Net profit (loss) 14,398 17,637 16,646 18,400
Net profit margin % % 56% 55%

* Left axis

** Right axis

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

Balance sheet

2018 2019 2020 2021
Non-current assets 532,206 594,169 627,041 643,662
Intangible assets 1,716 1,697 1,545 1,108
Tangible assets 519,644 583,864 616,061 636,799
Financial assets 4,717
Other non-current assets 6,129 8,608 9,435 5,755
Current assets 59,711 19,853 16,875 20,219
Inventories and prepaid expenses 465 518 472 448
Accounts receivable in one year 4,837 3,842 3,693 4,448
Other current assets
Cash and cash equivalents 54,405 15,493 12,707 15,274
Total assets 591,917 614,022 643,916 663,881
Equity 530,604 539,748 548,101 553,424
Grants and subsidies 56,423 67,312 76,810 79,807
Liabilities 4,890 6,962 19,005 30,650
Financial liabilities 62 12,018 16,992
Long-term liabilities 206 410 12,741 16,439
Short-term liabilities 4,684 6,552 6,264 14,211
Equity and liabilities 591,917 614,022 643,916 663,881
2019-06 2020-06 2021-06
Non-current assets 571,217 607,518 633,787
Intangible assets 1,731 1,719 1,301
Tangible assets 558,118 597,116 621,602
Financial assets 10,017
Other non-current assets 1,351 8,683 10,884
Current assets 21,535 11,116 12,402
Inventories and prepaid expenses 588 388 319
Accounts receivable in one year 12,249 4,321 4,929
Other current assets
Cash and cash equivalents 8,698 6,407 7,154
Total assets 592,754 618,634 646,189
Equity 514,670 528,394 541,211
Grants and subsidies 62,762 71,265 76,393
Liabilities 15,322 18,975 28,585
Financial liabilities 11,968 16,393
Long-term liabilities 299 12,460 17,361
Short-term liabilities 549
Equity and liabilities 592,754 618,634 646,189

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

Financial ratios

2018 2019 2020 2021
Capital return ratios
Return on assets (ROA) 6% 6% 6% 5%
Return on equity (ROE) 7% 7% 7% 6%
Return on capital employed (ROCE) 12% 11% 11% 11%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.00 0.02 0.03
Current Ratio 12.75 3.03 2.69 1.42
Quick ratio 12.65 2.95 2.62 1.39
Turnover ratios
Asset turnover 0.11 0.11 0.11 0.10
Fixed asset turnover 0.12 0.11 0.11 0.10
Equity turnover 0.12 0.12 0.12 0.12
Profitability ratios
EBITDA margin 76% 75% 76% 78%
Operating profit margin 54% 53% 53% 55%
Net profit margin 54% 57% 55% 47%
Other ratios
Dividends to the State 28,000.00 28,000.00 25,290.40 21,704.98
Dividends paid / net profit 0.82 0.77 0.70 0.70

* Left axis

** Right axis

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

2018-06 2019-06 2020-06 2021-06
Capital return ratios
Return on assets (ROA) 7% % % 6%
Return on equity (ROE) 8% % % 7%
Return on capital employed (ROCE) 11% -2% 5% 6%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.01 0.02 0.03
Current Ratio 12.55 22.59
Quick ratio 12.47 22.01
Turnover ratios
Asset turnover 0.11 0.11 0.05 0.05
Fixed asset turnover 0.12 0.11 0.05 0.05
Equity turnover 0.12 0.12 0.06 0.06
Profitability ratios
EBITDA margin 78% % 72% 80%
Operating profit margin 53% % 50% 57%
Net profit margin 64% % 56% 55%
Other ratios
Dividends to the State 22,331.60
Dividends paid / net profit 0.58

Financial statments

2020 m. 6 mėn. tarpinės ataskaitos 2020 m. metinės ataskaitos
2019 m. metinės ataskaitos 2019 m. 6 mėn. tarpinės ataskaitos
2018 m. metinės ataskaitos 2018 m. 6 mėn. tarpinės ataskaitos
2017 m. 6 mėn. tarpinės ataskaitos 2017 m. metinės ataskaitos
2016 m. metinės ataskaitos 2016 m. 6 mėn. tarpinės ataskaitos 2016 m. 3 mėn. tarpinės ataskaitos
2015 m. metinės ataskaitos 2015 m. 12 mėn. tarpinės ataskaitos 2015 m. 9 mėn. tarpinės ataskaitos 2015 m. 6 mėn. tarpinės ataskaitos 2015 m. 3 mėn. tarpinės ataskaitos
2014 m. metinės ataskaitos 2014 m. 12 mėn. tarpinės ataskaitos 2014 m. 9 mėn. tarpinės ataskaitos 2014 m. 6 mėn. tarpinės ataskaitos 2014 m. 3 mėn. tarpinės ataskaitos
2012 m. metinės ataskaitos
2013 m. 3 mėn. tarpinės ataskaitos 2013 m. 6 mėn. tarpinės ataskaitos 2013 m. 12 mėn. tarpinės ataskaitos 2013 m. 9 mėn. tarpinės ataskaitos 2013 m. metinės ataskaitos
2011 m. metinės ataskaitos
2010 m. metinės ataskaitos

Expectations of the state

Target return on equity undefined

Letter of Expectations

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 obligationsPerformes non-commercial special obligations
  • Share belonging to the State100%
http://www.portofklaipeda.lt
Return to the State

22.2 EUR milion

ROE

5.7%

Number of employees

237

Financial data provided as at end-December 2021

Management

  • Algis LatakasDirector General

Information as of: 2022/09/01