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.
Financial results
P/L Statment
| 2017 | 2018 | 2019 | 2020 | |
|---|---|---|---|---|
| Revenue | 28,757 | 29,519 | 27,697 | 15,802 |
| Cost of goods sold | 19,780 | 18,613 | 18,252 | 15,791 |
| Gross profit (loss) | 8,977 | 10,907 | 9,445 | 11 |
| Gross profit margin | 31% | 37% | 34% | 0% |
| Operating expenses | 7,582 | 6,233 | 5,565 | 4,810 |
| Operating profit (loss) | 1,395 | 4,673 | 3,881 | -4,799 |
| Operating profit margin | 5% | 16% | 14% | -30% |
| EBITDA | 4,467 | 7,338 | 7,349 | -1,499 |
| EBITDA margin | 16% | 25% | 27% | -9% |
| Net profit (loss) | 1,551 | 4,329 | 3,095 | -4,988 |
| Net profit margin | 5% | 15% | 11% | -32% |
| 2018-06 | 2019-06 | 2020-06 | 2021-06 | |
|---|---|---|---|---|
| Revenue | 15,043 | 13,642 | 6,671 | 6,599 |
| Cost of goods sold | 9,068 | 8,361 | 8,041 | 7,290 |
| Gross profit (loss) | 5,975 | 5,281 | -1,370 | -691 |
| Gross profit margin | % | % | 39% | -10% |
| Operating expenses | 3,210 | 3,247 | 3,494 | 3,056 |
| Operating profit (loss) | 2,765 | 2,034 | -4,864 | -3,746 |
| Operating profit margin | % | % | 15% | -57% |
| EBITDA | 3,297 | -1,906 | ||
| EBITDA margin | % | % | 24% | -29% |
| Net profit (loss) | 2,738 | 1,799 | -4,915 | -3,832 |
| Net profit margin | % | % | 13% | -58% |
Balance sheet
| 2017 | 2018 | 2019 | 2020 | |
|---|---|---|---|---|
| Non-current assets | 37,956 | 47,146 | 43,084 | 41,398 |
| Intangible assets | 127 | 121 | 70 | 38 |
| Tangible assets | 37,829 | 45,972 | 41,755 | 39,848 |
| Financial assets | ||||
| Other non-current assets | 1,054 | 1,259 | 1,512 | |
| Current assets | 14,529 | 19,363 | 23,861 | 16,741 |
| Inventories and prepaid expenses | 32 | 4 | 7 | 10 |
| Accounts receivable in one year | 2,858 | 2,777 | 2,752 | 2,656 |
| Other current assets | 5,000 | 2,000 | 2,000 | 2,000 |
| Cash and cash equivalents | 6,639 | 14,582 | 19,102 | 12,075 |
| Total assets | 55,170 | 69,376 | 69,488 | 59,566 |
| Equity | 46,017 | 49,595 | 48,098 | 41,887 |
| Grants and subsidies | 2,786 | 5,911 | 8,278 | 8,140 |
| Liabilities | 6,255 | 11,239 | 11,334 | 8,363 |
| Financial liabilities | 379 | 2,760 | ||
| Long-term liabilities | 1,100 | 3,915 | 3,442 | 2,514 |
| Short-term liabilities | 3,730 | 7,099 | 7,729 | 5,848 |
| Equity and liabilities | 55,170 | 69,376 | 69,488 | 59,566 |
| 2019-06 | 2020-06 | 2021-06 | |
|---|---|---|---|
| Non-current assets | 46,950 | 41,903 | 39,828 |
| Intangible assets | 92 | 50 | 93 |
| Tangible assets | 45,737 | 40,582 | 38,296 |
| Financial assets | |||
| Other non-current assets | 1,121 | 1,271 | 1,440 |
| Current assets | 20,010 | 20,249 | 13,305 |
| Inventories and prepaid expenses | 6 | 8 | 9 |
| Accounts receivable in one year | 6,049 | 4,928 | 1,958 |
| Other current assets | 2,000 | 2,000 | 3,000 |
| Cash and cash equivalents | 11,956 | 13,313 | 8,339 |
| Total assets | 67,773 | 63,077 | 55,587 |
| Equity | 50,286 | 41,998 | 38,055 |
| Grants and subsidies | 6,688 | 8,281 | 8,314 |
| Liabilities | 10,773 | 11,721 | 7,013 |
| Financial liabilities | |||
| Long-term liabilities | 3,235 | 975 | |
| Short-term liabilities | 668 | 1,565 | |
| Equity and liabilities | 67,773 | 63,077 | 55,587 |
Financial ratios
| 2017 | 2018 | 2019 | 2020 | |
|---|---|---|---|---|
| Capital return ratios | ||||
| Return on assets (ROA) | 3% | 7% | 5% | -7% |
| Return on equity (ROE) | 4% | 10% | 7% | -11% |
| Return on capital employed (ROCE) | 6% | 13% | 13% | -19% |
| Capital structure and liquidity ratios | ||||
| Debt / asset ratio (D/A) | 0.01 | 0.07 | ||
| Current Ratio | 3.90 | 2.73 | 3.09 | 2.86 |
| Quick ratio | 3.89 | 2.73 | 3.09 | 2.86 |
| Turnover ratios | ||||
| Asset turnover | 0.54 | 0.47 | 0.40 | 0.24 |
| Fixed asset turnover | 0.81 | 0.69 | 0.61 | 0.37 |
| Equity turnover | 0.65 | 0.62 | 0.57 | 0.35 |
| Profitability ratios | ||||
| EBITDA margin | 16% | 25% | 27% | -9% |
| Operating profit margin | 5% | 16% | 14% | -30% |
| Net profit margin | 5% | 15% | 11% | -32% |
| Other ratios | ||||
| Dividends to the State | 500.00 | 1,100.00 | 1,185.00 | |
| Dividends paid / net profit | 0.32 | 0.25 | 0.38 |
| 2018-06 | 2019-06 | 2020-06 | 2021-06 | |
|---|---|---|---|---|
| Capital return ratios | ||||
| Return on assets (ROA) | 3% | % | % | -6% |
| Return on equity (ROE) | 4% | % | % | -9% |
| Return on capital employed (ROCE) | 6% | -5% | 5% | -14% |
| Capital structure and liquidity ratios | ||||
| Debt / asset ratio (D/A) | 0.02 | 0.04 | ||
| Current Ratio | 3.90 | 30.32 | 8.50 | |
| Quick ratio | 3.89 | 30.31 | 8.50 | |
| Turnover ratios | ||||
| Asset turnover | 0.54 | 0.40 | 0.10 | 0.11 |
| Fixed asset turnover | 0.81 | 0.58 | 0.15 | 0.16 |
| Equity turnover | 0.65 | 0.54 | 0.14 | 0.16 |
| Profitability ratios | ||||
| EBITDA margin | 16% | % | 24% | -29% |
| Operating profit margin | 5% | % | 15% | -57% |
| Net profit margin | 5% | % | 13% | -58% |
| Other ratios | ||||
| Dividends to the State | 500.00 | |||
| Dividends paid / net profit | 0.32 |
Financial statments
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
Expectations of the state
Target return on equity
3.7%
About the company
- Official nameVĮ „Oro navigacija“
- Legal formState enterprise (VĮ)
- 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
229 EUR thousand
ROE
-10.7%
Number of employees
296
Financial data provided as at end-December 2020
Management
- Saulius BatavičiusDirector General
Information as of: 2022/05/01
