Oro navigacija
Oro navigacija is a state-owned company founded in 1995. It is a certified European air navigation service provider, that provides air traffic, communication, navigation and surveillance, air navigation information services to aircrafts flying in the Republic of Lithuania.
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 | 27,697 | 15,802 | 26,167 | 26,866 |
Cost of goods sold | 18,252 | 15,791 | 16,718 | 19,078 |
Gross profit (loss) | 9,445 | 11 | 9,449 | 7,788 |
Gross profit margin | 34% | 0% | 36% | 29% |
Operating expenses | 5,565 | 4,810 | 4,362 | 5,501 |
Operating profit (loss) | 3,881 | -4,799 | 5,088 | 2,288 |
Operating profit margin | 14% | -30% | 19% | 9% |
EBITDA | 7,349 | -1,499 | 8,789 | 6,006 |
EBITDA margin | 27% | -9% | 34% | 22% |
Net profit (loss) | 3,095 | -4,988 | 4,898 | 1,950 |
Net profit margin | 11% | -32% | 19% | 7% |
2020-06 | 2021-06 | 2022-06 | 2023-06 | |
---|---|---|---|---|
Revenue | 6,671 | 6,599 | 9,933 | 13,383 |
Cost of goods sold | 8,041 | 7,290 | 8,444 | 9,612 |
Gross profit (loss) | -1,370 | -691 | 1,489 | 3,770 |
Gross profit margin | -21% | -10% | 15% | 28% |
Operating expenses | 3,494 | 3,056 | 3,245 | 3,546 |
Operating profit (loss) | -4,864 | -3,746 | -1,755 | 225 |
Operating profit margin | -73% | -57% | -18% | 2% |
EBITDA | -3,240 | -1,906 | 234 | 2,167 |
EBITDA margin | -49% | -29% | 2% | 16% |
Net profit (loss) | -4,915 | -3,832 | -1,854 | 169 |
Net profit margin | -74% | -58% | -19% | 1% |
Balance sheet
2019 | 2020 | 2021 | 2022 | |
---|---|---|---|---|
Non-current assets | 43,084 | 41,398 | 45,145 | 45,889 |
Intangible assets | 70 | 38 | 64 | 183 |
Tangible assets | 41,755 | 39,848 | 38,198 | 36,196 |
Financial assets | 0 | 0 | 0 | |
Other non-current assets | 1,259 | 1,512 | 6,883 | 9,510 |
Current assets | 23,861 | 16,741 | 12,082 | 13,888 |
Inventories and prepaid expenses | 7 | 10 | 11 | 12 |
Accounts receivable in one year | 2,752 | 2,656 | 2,157 | 5,730 |
Other current assets | 2,000 | 2,000 | 3,000 | 3,000 |
Cash and cash equivalents | 19,102 | 12,075 | 6,914 | 5,146 |
Total assets | 69,488 | 59,566 | 59,848 | 61,561 |
Equity | 48,098 | 41,887 | 47,111 | 49,160 |
Grants and subsidies | 8,278 | 8,140 | 7,808 | 6,554 |
Liabilities | 11,171 | 8,363 | 3,825 | 3,773 |
Financial liabilities | 379 | 2,760 | 522 | 0 |
Long-term liabilities | 3,442 | 2,514 | 1,061 | 1,195 |
Short-term liabilities | 7,729 | 5,848 | 2,764 | 2,577 |
Equity and liabilities | 69,488 | 59,566 | 59,848 | 61,561 |
2020-06 | 2021-06 | 2022-06 | 2023-06 | |
---|---|---|---|---|
Non-current assets | 41,903 | 39,828 | 44,717 | 44,200 |
Intangible assets | 50 | 93 | 54 | 303 |
Tangible assets | 40,582 | 38,296 | 37,809 | 34,463 |
Financial assets | 0 | 0 | 0 | 0 |
Other non-current assets | 1,271 | 1,440 | 6,854 | 9,434 |
Current assets | 20,249 | 13,305 | 10,436 | 15,907 |
Inventories and prepaid expenses | 8 | 9 | 21 | 8 |
Accounts receivable in one year | 4,928 | 1,958 | 2,468 | 8,867 |
Other current assets | 2,000 | 3,000 | 3,000 | 4,000 |
Cash and cash equivalents | 13,313 | 8,339 | 4,947 | 2,968 |
Total assets | 63,077 | 55,587 | 57,999 | 61,376 |
Equity | 41,998 | 38,055 | 45,257 | 47,667 |
Grants and subsidies | 8,281 | 8,314 | 7,232 | 6,084 |
Liabilities | 11,697 | 7,013 | 4,351 | 6,350 |
Financial liabilities | 668 | 1,565 | 0 | 0 |
Long-term liabilities | 3,235 | 975 | 1,061 | 1,195 |
Short-term liabilities | 8,462 | 6,038 | 3,290 | 5,155 |
Equity and liabilities | 63,077 | 55,587 | 57,999 | 61,376 |
Financial ratios
2019 | 2020 | 2021 | 2022 | |
---|---|---|---|---|
Capital return ratios | ||||
Return on assets (ROA) | 4% | -8% | 8% | 3% |
Return on equity (ROE) | 6% | -11% | 11% | 4% |
Return on capital employed (ROCE) | 8% | -11% | 11% | 5% |
Capital structure and liquidity ratios | ||||
Debt / asset ratio (D/A) | 0.01 | 0.05 | 0.01 | 0.00 |
Current Ratio | 3.09 | 2.86 | 4.37 | 5.39 |
Quick ratio | 3.09 | 2.86 | 4.37 | 5.38 |
Turnover ratios | ||||
Asset turnover | 0.40 | 0.27 | 0.44 | 0.44 |
Fixed asset turnover | 0.64 | 0.38 | 0.58 | 0.59 |
Equity turnover | 0.58 | 0.38 | 0.56 | 0.55 |
Profitability ratios | ||||
EBITDA margin | 27% | -9% | 34% | 22% |
Operating profit margin | 14% | -30% | 19% | 9% |
Net profit margin | 11% | -32% | 19% | 7% |
Other ratios | ||||
Dividends to the State | 1,185.00 | 0.00 | 0.00 | 1,662.30 |
Dividends paid / net profit | 0.38 | 0.00 | 0.00 | 0.85 |
2020-06 | 2021-06 | 2022-06 | 2023-06 | |
---|---|---|---|---|
Capital return ratios | ||||
Return on assets (ROA) | -6% | -7% | 12% | 7% |
Return on equity (ROE) | -8% | -10% | 17% | 9% |
Return on capital employed (ROCE) | -11% | -10% | -4% | 0% |
Capital structure and liquidity ratios | ||||
Debt / asset ratio (D/A) | 0.01 | 0.03 | 0.00 | 0.00 |
Current Ratio | 2.39 | 2.20 | 3.17 | 3.09 |
Quick ratio | 2.39 | 2.20 | 3.17 | 3.08 |
Turnover ratios | ||||
Asset turnover | 0.11 | 0.12 | 0.17 | 0.22 |
Fixed asset turnover | 0.16 | 0.17 | 0.22 | 0.30 |
Equity turnover | 0.16 | 0.17 | 0.22 | 0.28 |
Profitability ratios | ||||
EBITDA margin | -49% | -29% | 2% | 16% |
Operating profit margin | -73% | -57% | -18% | 2% |
Net profit margin | -74% | -58% | -19% | 1% |
Other ratios | ||||
Dividends to the State | ||||
Dividends paid / net profit |
Financial statments
Expectations of the state
About the company
- Official nameAB „Oro navigacija“
- Legal formPublic limited liability company (AB)
- Company code210060460
- SectorTransport and Communications
- Line of businessAir space supervision and navigation
- Institution representing the StateMinistry of Transport and Communications
- Share belonging to the State100%
Return to the State
1.7 EUR milion
ROE
4.5%
Number of employees
287
Financial data provided as at end-December 2022
Management
- Saulius BatavičiusChief Executive Officer
Information as of: 2024/04/02
Board of Directors
CHAIRMAN OF THE BOARD OF DIRECTORS
- Jūratė StanišauskienėIndependent member; AB Lietuvos paštas; UAB Legal Balance; Silver ventures
MEMBERS OF THE BOARD OF DIRECTORS
- Mantas ŠukevičiusIndependent member; UAB Victory Funds; MB Buteo Invest; JSCB Qishloq Qurilish Bank; AB Detonas; AB KN Energies
- Darius StravinskasMinistry of Transport and Communications
- Vytautas VaižmužisAB Oro navigacija
Information as of: 2024/04/02