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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.


          2023/24 GOOD CORPORATE GOVERNANCE INDEX

  


        2022/23 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

2020 2021 2022 2023
Revenue 66,083 66,082 60,718 58,573
Cost of goods sold
Gross profit (loss) 66,083 66,082 60,718 58,573
Gross profit margin 100% 100% 100% 100%
Operating expenses 30,774 29,817 34,671 31,986
Operating profit (loss) 35,309 36,265 26,047 26,587
Operating profit margin 53% 55% 43% 45%
EBITDA 50,453 51,760 40,535 41,477
EBITDA margin 76% 78% 67% 71%
Net profit (loss) 36,072 31,007 24,480 27,936
Net profit margin 55% 47% 40% 48%
2020-06 2021-06 2022-06 2023-06
Revenue 31,168 33,167 29,281 29,324
Cost of goods sold 0
Gross profit (loss) 31,168 33,167 29,281 29,324
Gross profit margin 100% 100% 100% 100%
Operating expenses 14,669 14,304 16,261 14,674
Operating profit (loss) 16,499 18,863 13,020 14,650
Operating profit margin 53% 57% 44% 50%
EBITDA 24,095 26,564 20,256 22,028
EBITDA margin 77% 80% 69% 75%
Net profit (loss) 16,646 18,400 11,513 11,927
Net profit margin 53% 55% 39% 41%

Balance sheet

2020 2021 2022 2023
Non-current assets 627,041 643,662 691,084 773,464
Intangible assets 1,545 1,108 719 360
Tangible assets 616,061 636,799 686,636 767,049
Financial assets
Other non-current assets 9,435 5,755 3,729 6,055
Current assets 16,875 20,219 39,174 41,710
Inventories and prepaid expenses 472 448 287 264
Accounts receivable in one year 3,693 4,448 7,616 5,275
Other current assets
Cash and cash equivalents 12,707 15,274 31,222 36,171
Total assets 643,916 663,881 730,258 815,174
Equity 548,101 553,424 556,155 530,027
Grants and subsidies 76,810 79,807 126,787 222,968
Liabilities 19,005 30,650 47,316 62,179
Financial liabilities 12,018 16,992 32,315 54,033
Long-term liabilities 12,741 16,439 30,501 50,604
Short-term liabilities 6,264 14,211 16,815 11,575
Equity and liabilities 643,916 663,881 730,258 815,174
2020-06 2021-06 2022-06 2023-06
Non-current assets 607,518 633,787 657,847 755,175
Intangible assets 1,719 1,301 924 485
Tangible assets 597,116 621,602 653,003 753,303
Financial assets 0
Other non-current assets 8,683 10,884 3,920 1,387
Current assets 11,116 12,402 19,942 22,357
Inventories and prepaid expenses 388 319 495 317
Accounts receivable in one year 4,321 4,929 5,090 6,082
Other current assets 0
Cash and cash equivalents 6,407 7,154 14,357 15,909
Total assets 618,634 646,189 677,842 777,532
Equity 528,394 541,211 543,188 514,018
Grants and subsidies 71,265 76,393 87,481 192,786
Liabilities 18,975 28,585 47,173 70,728
Financial liabilities 11,968 16,942 33,425 55,143
Long-term liabilities 12,460 17,361 31,738 52,528
Short-term liabilities 6,515 11,224 15,435 18,200
Equity and liabilities 618,634 646,189 677,842 777,532

Financial ratios

2020 2021 2022 2023
Capital return ratios
Return on assets (ROA) 6% 5% 4% 4%
Return on equity (ROE) 7% 6% 4% 5%
Return on capital employed (ROCE) 6% 6% 4% 5%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.02 0.03 0.04 0.07
Current Ratio 2.69 1.42 2.33 3.60
Quick ratio 2.62 1.39 2.31 3.58
Turnover ratios
Asset turnover 0.10 0.10 0.08 0.07
Fixed asset turnover 0.11 0.10 0.09 0.08
Equity turnover 0.12 0.12 0.11 0.11
Profitability ratios
EBITDA margin 76% 78% 67% 71%
Operating profit margin 53% 55% 43% 45%
Net profit margin 55% 47% 40% 48%
Other ratios
Dividends to the State 25,290.40 21,705.00 7,666.00 19,555.00
Dividends paid / net profit 0.70 0.70 0.31 0.70
2020-06 2021-06 2022-06 2023-06
Capital return ratios
Return on assets (ROA) 6% 6% 4% 3%
Return on equity (ROE) 7% 7% 4% 5%
Return on capital employed (ROCE) 3% 3% 2% 3%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.02 0.03 0.05 0.07
Current Ratio 1.71 1.10 1.29 1.23
Quick ratio 1.65 1.08 1.26 1.21
Turnover ratios
Asset turnover 0.05 0.05 0.04 0.04
Fixed asset turnover 0.05 0.05 0.04 0.04
Equity turnover 0.06 0.06 0.05 0.06
Profitability ratios
EBITDA margin 77% 80% 69% 75%
Operating profit margin 53% 57% 44% 50%
Net profit margin 53% 55% 39% 41%
Other ratios
Dividends to the State
Dividends paid / net profit

Expectations of the state

About the company

  • Official nameAB Klaipėdos valstybinio jūrų uosto direkcija
  • Legal formPublic limited liability company (AB)
  • 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

19.6 EUR milion

ROE

5.2%

Number of employees

217

Financial data provided as at end-December 2023

Management

  • Algis LatakasChief Executive Officer

Information as of: 2024/10/01

Board of Directors

CHAIRMAN OF THE BOARD OF DIRECTORS

  • Algis LatakasAB Klaipėdos valstybinio jūrų uosto direkcija

MEMBERS OF THE BOARD OF DIRECTORS

  • Vidmantas PaukštėAB Klaipėdos valstybinio jūrų uosto direkcija
  • Martynas ArmonaitisAB Klaipėdos valstybinio jūrų uosto direkcija
  • Džiugas ŠaulysAB Klaipėdos valstybinio jūrų uosto direkcija
  • Ela ŽemaitienėAB Klaipėdos valstybinio jūrų uosto direkcija

Information as of: 2024/10/01

Supervisory board

CHAIRMAN OF THE SUPERVISORY BOARD

  • Nemunas BikniusIndependent memeber; AB Amber Grid

SUPERVISORY BOARD MEMBERS

  • Eligijus KajietaIndependent member; MB Atlygio konsultacijos; AB Energijos skirstymo operatorius
  • Aurimas VilkelisIndependent Member; Swiss Post; AB Lietuvos geležinkeliai
  • Gytis MažeikaMinistry of Transport and Communications
  • Kristina PetraitienėKlaipėda City Municipality

Information as of: 2024/10/01