• English
  • Lithuanian
Valdymo koordinavimo centras Governance Coordination Centre

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

2017 2018 2019 2020
Revenue 59,795 63,736 63,944 66,083
Cost of goods sold
Gross profit (loss) 59,795 63,736 63,944 66,083
Gross profit margin 100% 100% 100% 100%
Operating expenses 27,934 29,173 30,290 30,774
Operating profit (loss) 31,861 34,563 33,654 35,309
Operating profit margin 53% 54% 53% 53%
EBITDA 46,601 48,477 47,763 50,453
EBITDA margin 78% 76% 75% 76%
Net profit (loss) 38,442 34,128 36,290 36,072
Net profit margin 64% 54% 57% 55%
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%

Balance sheet

2017 2018 2019 2020
Non-current assets 508,683 532,206 594,169 627,041
Intangible assets 1,755 1,716 1,697 1,545
Tangible assets 500,289 519,644 583,864 616,061
Financial assets 4,717
Other non-current assets 6,639 6,129 8,608 9,435
Current assets 73,845 59,711 19,853 16,875
Inventories and prepaid expenses 419 465 518 472
Accounts receivable in one year 4,892 4,837 3,842 3,693
Other current assets 14,045
Cash and cash equivalents 54,489 54,405 15,493 12,707
Total assets 582,528 591,917 614,022 643,916
Equity 518,614 530,604 539,748 548,101
Grants and subsidies 50,921 56,423 67,312 76,810
Liabilities 12,993 4,890 6,962 19,005
Financial liabilities 7,692 62 12,018
Long-term liabilities 7,107 206 410 12,741
Short-term liabilities 5,886 4,684 6,552 6,264
Equity and liabilities 582,528 591,917 614,022 643,916
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

Financial ratios

2017 2018 2019 2020
Capital return ratios
Return on assets (ROA) 7% 6% 6% 6%
Return on equity (ROE) 8% 7% 7% 7%
Return on capital employed (ROCE) 11% 12% 11% 11%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.01 0.00 0.02
Current Ratio 12.55 12.75 3.03 2.69
Quick ratio 12.47 12.65 2.95 2.62
Turnover ratios
Asset turnover 0.11 0.11 0.11 0.11
Fixed asset turnover 0.12 0.12 0.11 0.11
Equity turnover 0.12 0.12 0.12 0.12
Profitability ratios
EBITDA margin 78% 76% 75% 76%
Operating profit margin 53% 54% 53% 53%
Net profit margin 64% 54% 57% 55%
Other ratios
Dividends to the State 22,331.60 28,000.00 28,000.00 25,290.40
Dividends paid / net profit 0.58 0.82 0.77 0.70
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

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

25.8 EUR milion

ROE

6.7%

Number of employees

243

Financial data provided as at end-December 2020

Management

  • Algis LatakasDirector General

Information as of: 2021/10/01

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: 2021/10/01