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Valdymo koordinavimo centras Governance Coordination Centre

Indirectly Owned State Enterprises

LTG Infra is part of the Lithuanian Railways group. The company’s main activity is the management, use and disposal of railway infrastructure under the right of entrustment, as well as the performance of the functions of a public railway infrastructure manager. The company was registered on 1 July 2019.

Financial results

P/L Statment

2019 2020 2021
Revenue 13,844 222,607 191,863
Cost of goods sold 11,747 159,214 153,454
Gross profit (loss) 2,097 63,393 38,409
Gross profit margin 15% 28% 20%
Operating expenses 3,550 37,670 41,531
Operating profit (loss) -1,453 25,724 -3,122
Operating profit margin -10% 12% -2%
EBITDA 4,588 103,148 65,030
EBITDA margin 33% 46% 34%
Net profit (loss) -1,395 27,566 -2,873
Net profit margin -10% 12% -1%

Balance sheet

2019 2020 2021
Non-current assets 1,396,144 1,491,473 1,503,973
Intangible assets 15,862 18,528 17,109
Tangible assets 1,380,282 1,472,945 1,486,864
Financial assets
Other non-current assets
Biological assets
Current assets 67,648 44,052 46,196
Inventories and prepaid expenses 17,288 5,852 10,820
Accounts receivable in one year 36,911 27,883 22,250
Other current assets
Cash and cash equivalents 13,450 4,566 10,921
Total assets 1,463,926 1,548,599 1,554,134
Equity 672,272 679,799 670,928
Minority share of capital
Grants and subsidies 555,248 580,728 587,241
Liabilities 232,276 271,366 266,043
Financial liabilities 145,807 179,600 160,200
Long-term liabilities 153,625 181,338 161,179
Short-term liabilities 64,251 75,367 90,171
Equity and liabilities 1,463,926 1,548,599 1,554,134

Financial ratios

2019 2020 2021
Capital return ratios
Return on assets (ROA) -0% 2% -0%
Return on equity (ROE) -0% 4% -0%
Return on capital employed (ROCE) -0% 5% -0%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.22 0.26 0.24
Current Ratio 1.05 0.58 0.51
Quick ratio 0.78 0.51 0.39
Turnover ratios
Asset turnover 0.02 0.15 0.12
Fixed asset turnover 0.02 0.15 0.13
Equity turnover 0.04 0.33 0.28
Profitability ratios
EBITDA margin 33% 46% 34%
Operating profit margin -10% 12% -2%
Net profit margin -10% 12% -1%
Other ratios
Dividends to the State
Dividends paid / net profit

About the company

  • Official nameAB „LTG Infra"
  • Legal formPublic limited liability company (AB)
  • Company code305202934
  • SectorTransport and Communications
  • Line of businessManagement, use and disposal of railway infrastructure and performance of the functions of public infrastructure manager.
  • Accountability„Lietuvos geležinkeliai“ group of companies
  • Share indirectly belonging to the State100%
https://ltginfra.lt/
ROE

-0.4%

Number of employees

2,961

Financial data provided as at end-December 2021

Management

  • Rūta JakubauskienėChief Executive Officer

Information as of: 2023/05/01

Board of Directors

CHAIRMAN OF THE BOARD OF DIRECTORS

  • Gediminas AlmantasIndependent member

MEMBERS OF THE BOARD OF DIRECTORS

  • Sigitas KubilisAB Lietuvos geležinkeliai
  • Ieva LauraitytėAB Lietuvos geležinkeliai
  • Haroldas NausėdaIndependent member
  • Ramūnas RimkusMinistry of Transport and Communications

Information as of: 2023/05/01