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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

          2021/22 GOOD CORPORATE GOVERNANCE INDEX       

        2020/21 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%
2019-06 2020-06 2021-06 2022-06
Revenue 31,654 31,168 33,167 29,281
Cost of goods sold
Gross profit (loss) 31,654 31,168 33,167 29,281
Gross profit margin % % % %
Operating expenses 15,707 14,669 14,304 16,261
Operating profit (loss) 15,947 16,499 18,863 13,020
Operating profit margin % % % %
EBITDA 22,883 24,092 26,564 20,256
EBITDA margin 72% 77% 80% 69%
Net profit (loss) 17,637 16,646 18,400 11,513
Net profit margin 56% 53% 55% 39%

* 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
2020-06 2021-06 2022-06
Non-current assets 607,518 633,787 657,847
Intangible assets 1,719 1,301 924
Tangible assets 597,116 621,602 653,003
Financial assets
Other non-current assets 8,683 10,884 3,920
Current assets 11,116 12,402 19,942
Inventories and prepaid expenses 388 319 495
Accounts receivable in one year 4,321 4,929 5,090
Other current assets
Cash and cash equivalents 6,407 7,154 14,357
Total assets 618,634 646,189 677,842
Equity 528,394 541,211 543,188
Grants and subsidies 71,265 76,393 87,481
Liabilities 18,975 28,585 47,173
Financial liabilities 11,968 16,942 33,425
Long-term liabilities 12,460 17,361 31,738
Short-term liabilities 6,515 11,224 15,435
Equity and liabilities 618,634 646,189 677,842

* 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

2019-06 2020-06 2021-06 2022-06
Capital return ratios
Return on assets (ROA) 6% % 6% 4%
Return on equity (ROE) 7% % 7% 5%
Return on capital employed (ROCE) 11% 5% 6% 4%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.00 0.03 0.03 0.06
Current Ratio 3.03 1.71 1.10 1.29
Quick ratio 2.95 1.65 1.08 1.26
Turnover ratios
Asset turnover 0.11 0.10 0.05 0.04
Fixed asset turnover 0.11 0.10 0.05 0.05
Equity turnover 0.12 0.12 0.06 0.05
Profitability ratios
EBITDA margin 75% 77% 80% 69%
Operating profit margin 53% % % %
Net profit margin 57% 53% 55% 39%
Other ratios
Dividends to the State 28,000.00
Dividends paid / net profit 0.77

Financial statments

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

Target return on equity undefined

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
ROE

4.5%

Number of employees

221

Financial data provided as at end-December 2021

Management

  • Algis LatakasDirector General

Information as of: 2023/01/01

Supervisory board

CHAIRMAN OF THE SUPERVISORY BOARD

  • Nemunas BikniusAB Amber Grid; Independent memeber

SUPERVISORY BOARD MEMBERS

  • Eligijus KajietaFMĮ Myrial Capital; Independent member
  • Aurimas VilkelisSwiss Post; Independent Member
  • Gytis MažeikaMinistry of Transport and Communications
  • Kristina PetraitienėKlaipėda City Municipality

Information as of: 2023/01/12