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
2016 | 2017 | 2018 | 2019 | |
---|---|---|---|---|
Revenue | 28,246 | 28,757 | 29,519 | 27,697 |
Cost of goods sold | 19,549 | 19,780 | 18,613 | 18,252 |
Gross profit (loss) | 8,697 | 8,977 | 10,907 | 9,445 |
Gross profit margin | 31% | 31% | 37% | 34% |
Operating expenses | 6,359 | 7,582 | 6,233 | 5,565 |
Operating profit (loss) | 2,338 | 1,395 | 4,673 | 3,881 |
Operating profit margin | 8% | 5% | 16% | 14% |
EBITDA | 4,997 | 4,467 | 7,338 | 7,349 |
EBITDA margin | 18% | 16% | 25% | 27% |
Net profit (loss) | 1,890 | 1,551 | 4,329 | 3,095 |
Net profit margin | 7% | 5% | 15% | 11% |
2017-06-30 | 2018-06-30 | 2019-06-30 | 2020-06-30 | |
---|---|---|---|---|
Revenue | 13,765 | 15,043 | 13,642 | 6,671 |
Cost of goods sold | 10,110 | 9,068 | 8,361 | 8,041 |
Gross profit (loss) | 3,655 | 5,975 | 5,281 | -1,370 |
Gross profit margin | 27% | 40% | 39% | -21% |
Operating expenses | 3,463 | 3,210 | 3,247 | 3,494 |
Operating profit (loss) | 192 | 2,765 | 2,034 | -4,864 |
Operating profit margin | 1% | 18% | 15% | -73% |
EBITDA | 1,627 | 4,353 | 3,297 | -3,240 |
EBITDA margin | 12% | 29% | 24% | -49% |
Net profit (loss) | 1,799 | -4,915 | ||
Net profit margin | -1% | 18% | 13% | -74% |
Balance sheet
2016 | 2017 | 2018 | 2019 | |
---|---|---|---|---|
Non-current assets | 32,813 | 37,956 | 47,146 | 43,084 |
Intangible assets | 242 | 127 | 121 | 70 |
Tangible assets | 29,571 | 37,829 | 45,972 | 41,755 |
Financial assets | 3,000 | |||
Other non-current assets | 1,054 | 1,259 | ||
Biological assets | ||||
Current assets | 18,240 | 14,529 | 19,363 | 23,861 |
Inventories and prepaid expenses | 11 | 32 | 4 | 7 |
Accounts receivable in one year | 5,229 | 2,858 | 2,777 | 2,752 |
Other current assets | 9,200 | 5,000 | 2,000 | 2,000 |
Cash and cash equivalents | 3,800 | 6,639 | 14,582 | 19,102 |
Total assets | 51,053 | 55,170 | 69,376 | 69,488 |
Equity | 42,565 | 46,017 | 49,595 | 48,098 |
Minority share of capital | ||||
Grants and subsidies | 2,677 | 2,786 | 5,911 | 8,278 |
Liabilities | 5,811 | 6,255 | 11,239 | 11,334 |
Financial liabilities | ||||
Long-term liabilities | 1,439 | 1,100 | 3,915 | 3,442 |
Short-term liabilities | 3,543 | 3,730 | 7,099 | 7,729 |
Equity and liabilities | 51,053 | 55,170 | 69,376 | 69,488 |
2017-06-30 | 2018-06-30 | 2019-06-30 | 2020-06-30 | |
---|---|---|---|---|
Non-current assets | 35,567 | 42,699 | 46,950 | 41,903 |
Intangible assets | 203 | 109 | 92 | 50 |
Tangible assets | 32,364 | 42,590 | 45,737 | 40,582 |
Financial assets | 3,000 | |||
Other non-current assets | 1,121 | 1,271 | ||
Biological assets | ||||
Current assets | 16,664 | 16,897 | 20,010 | 20,249 |
Inventories and prepaid expenses | 674 | 869 | 6 | 8 |
Accounts receivable in one year | 6,233 | 6,493 | 6,049 | 4,928 |
Other current assets | 5,000 | 2,000 | 2,000 | 2,000 |
Cash and cash equivalents | 4,757 | 7,535 | 11,956 | 13,313 |
Total assets | 52,231 | 59,596 | 67,773 | 63,077 |
Equity | 46,031 | 48,226 | 50,286 | 41,998 |
Minority share of capital | ||||
Grants and subsidies | 2,592 | 3,283 | 6,688 | 8,281 |
Liabilities | 3,608 | 8,087 | 10,773 | 11,721 |
Financial liabilities | 668 | |||
Long-term liabilities | 509 | 2,525 | 3,235 | |
Short-term liabilities | 3,099 | 5,562 | 5,508 | 8,462 |
Equity and liabilities | 52,231 | 59,596 | 67,773 | 63,077 |
Financial ratios
2016 | 2017 | 2018 | 2019 | |
---|---|---|---|---|
Capital return ratios | ||||
Return on assets (ROA) | 4% | 3% | 7% | 5% |
Return on equity (ROE) | 5% | 4% | 10% | 7% |
Return on capital employed (ROCE) | 8% | 6% | 13% | 13% |
Capital structure and liquidity ratios | ||||
Debt / asset ratio (D/A) | ||||
Current Ratio | 5.15 | 3.90 | 2.73 | 3.09 |
Quick ratio | 5.15 | 3.89 | 2.73 | 3.09 |
Turnover ratios | ||||
Asset turnover | 0.58 | 0.54 | 0.47 | 0.40 |
Fixed asset turnover | 0.85 | 0.81 | 0.69 | 0.61 |
Equity turnover | 0.65 | 0.65 | 0.62 | 0.57 |
Profitability ratios | ||||
EBITDA margin | 18% | 16% | 25% | 27% |
Operating profit margin | 8% | 5% | 16% | 14% |
Net profit margin | 7% | 5% | 15% | 11% |
Other ratios | ||||
Dividends to the State | 500.00 | 1,100.00 | 1,185.00 | |
Dividends paid / net profit | 0.32 | 0.25 | 0.38 |
2017-06-30 | 2018-06-30 | 2019-06-30 | 2020-06-30 | |
---|---|---|---|---|
Capital return ratios | ||||
Return on assets (ROA) | 3% | 11% | 6% | -5% |
Return on equity (ROE) | 4% | 13% | 7% | -7% |
Return on capital employed (ROCE) | 6% | 10% | 6% | -18% |
Capital structure and liquidity ratios | ||||
Debt / asset ratio (D/A) | 0.02 | |||
Current Ratio | 3.90 | 3.04 | 3.63 | 2.39 |
Quick ratio | 3.89 | 2.88 | 3.63 | 2.39 |
Turnover ratios | ||||
Asset turnover | 0.54 | 0.27 | 0.21 | 0.10 |
Fixed asset turnover | 0.81 | 0.38 | 0.30 | 0.15 |
Equity turnover | 0.65 | 0.32 | 0.28 | 0.14 |
Profitability ratios | ||||
EBITDA margin | 16% | 29% | 24% | -49% |
Operating profit margin | 5% | 18% | 15% | -73% |
Net profit margin | 5% | 18% | 13% | -74% |
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
1.5 EUR milion
ROE
6.9%
Number of employees
291
Financial data provided as at end-December 2019
Management
- Marius BeliūnasDirector General
Information as of: 2021/01/01
Board of Directors
CHAIRMAN OF THE BOARD OF DIRECTORS
- Dangirutis JanušasUAB Verslo konsultacijų spektras; Independent member
MEMBERS OF THE BOARD OF DIRECTORS
- Gediminas AlmantasOpen Lithuania Foundation; Independent member
- Mikas JovaišasAB Lietuvos geležinkeliai; Independent member
- Vytautas VaižmužisVĮ Oro navigacija
- Sergėjus VolkovasMinistry of Transport and Commmunications
Information as of: 2021/01/01