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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 2023-2025

  • EEBITDA margin,%:
    • 2023 – 53
    • 2024 – 55
    • 2025 – 55
  • Savings in the amount of electricity consumed in the activity, compared to 2022, in percent:
    • 2023 – 2
    • 2024 – 10
    • 2024 – 18
  • Cargo handling, million tons:
    • 2023 – 34,3
    • 2024 – 35,2
    • 2025 – 36,1
  • Customer Satisfaction Index eNPS,%:
    • 2023 – 55
    • 2024 – 60
    • 2025 – 65
  • The part of the quays of the Klaipėda port, intended for the activities of the marine engineering industry, in:

    • 2023 – 3491
    • 2024 – 3494
    • 2025 – 3664
  • Employee turnover coefficient,%:
    • 2023-2025 m. < 5

          2022/23 GOOD CORPORATE GOVERNANCE INDEX

            

        2021/22 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

2019 2020 2021 2022
Revenue 63,944 66,083 66,082 60,718
Cost of goods sold
Gross profit (loss) 63,944 66,083 66,082 60,718
Gross profit margin 100% 100% 100% 100%
Operating expenses 30,290 30,774 29,817 34,671
Operating profit (loss) 33,654 35,309 36,265 26,047
Operating profit margin 53% 53% 55% 43%
EBITDA 47,763 50,453 51,760 40,535
EBITDA margin 75% 76% 78% 67%
Net profit (loss) 36,290 36,072 31,007 24,480
Net profit margin 57% 55% 47% 40%
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%

* Left axis

** Right axis

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

Balance sheet

2019 2020 2021 2022
Non-current assets 594,169 627,041 643,662 691,084
Intangible assets 1,697 1,545 1,108 719
Tangible assets 583,864 616,061 636,799 686,636
Financial assets 0
Other non-current assets 8,608 9,435 5,755 3,729
Current assets 19,853 16,875 20,219 39,174
Inventories and prepaid expenses 518 472 448 287
Accounts receivable in one year 3,842 3,693 4,448 7,616
Other current assets 0
Cash and cash equivalents 15,493 12,707 15,274 31,222
Total assets 614,022 643,916 663,881 730,258
Equity 539,748 548,101 553,424 556,155
Grants and subsidies 67,312 76,810 79,807 126,787
Liabilities 6,962 19,005 30,650 47,316
Financial liabilities 62 12,018 16,992 32,315
Long-term liabilities 410 12,741 16,439 30,501
Short-term liabilities 6,552 6,264 14,211 16,815
Equity and liabilities 614,022 643,916 663,881 730,258
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

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

Financial ratios

2019 2020 2021 2022
Capital return ratios
Return on assets (ROA) 6% 6% 5% 4%
Return on equity (ROE) 7% 7% 6% 4%
Return on capital employed (ROCE) 6% 6% 6% 4%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.00 0.02 0.03 0.04
Current Ratio 3.03 2.69 1.42 2.33
Quick ratio 2.95 2.62 1.39 2.31
Turnover ratios
Asset turnover 0.10 0.10 0.10 0.08
Fixed asset turnover 0.11 0.11 0.10 0.09
Equity turnover 0.12 0.12 0.12 0.11
Profitability ratios
EBITDA margin 75% 76% 78% 67%
Operating profit margin 53% 53% 55% 43%
Net profit margin 57% 55% 47% 40%
Other ratios
Dividends to the State 28,000.00 25,290.40 21,705.00 7,666.00
Dividends paid / net profit 0.77 0.70 0.70 0.31

* Left axis

** Right axis

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

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

Financial statments

2022 m. 6 mėn. tarpinės ataskaitos 2022 m. metinės ataskaitos
2021 m. 6 mėn. tarpinės ataskaitos 2021 m. metinės ataskaitos
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

Letter of Expectations

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

7.7 EUR milion

ROE

4.5%

Number of employees

225

Financial data provided as at end-December 2022

Management

  • Algis LatakasChief Executive Officer

Information as of: 2023/11/03

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

Information as of: 2023/11/03

Supervisory board

CHAIRMAN OF THE SUPERVISORY BOARD

  • Nemunas BikniusAB Amber Grid; Independent memeber

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: 2023/11/03