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Valdymo koordinavimo centras Governance Coordination Centre

State Owned Enterprises

AB Smiltynės perkėla is an inland waterway transport company registered in 1991 after the reorganisation of the Nemuno laivininkystė. The company’s main activity is ferrying passengers and vehicles across the Curonian Lagoon. Other activities include the rental of the ferry, premises and advertising space.

        2023/24 GOOD CORPORATE GOVERNANCE INDEX 

        

        2022/23 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

2020 2021 2022 2023
Revenue 4,878 5,015 6,377 7,828
Cost of goods sold 2,342 2,545 3,989 4,239
Gross profit (loss) 2,536 2,471 2,389 3,589
Gross profit margin 52% 49% 37% 46%
Operating expenses 1,173 1,356 1,526 1,686
Operating profit (loss) 682 482 51 954
Operating profit margin 14% 10% 1% 12%
EBITDA 1,972 1,466 1,505 2,298
EBITDA margin 40% 29% 24% 29%
Net profit (loss) 763 230 213 787
Net profit margin 16% 5% 3% 10%
2021-06 2022-06 2023-06 2024-06
Revenue 2,042 2,377 3,181 3,911
Cost of goods sold 1,092 1,774 1,911 2,359
Gross profit (loss) 950 603 1,270 1,552
Gross profit margin 47% 25% 40% 40%
Operating expenses 568 714 720 807
Operating profit (loss) 72 -480 125 281
Operating profit margin 4% -20% 4% 7%
EBITDA 632 279 754 1,228
EBITDA margin 31% 12% 24% 31%
Net profit (loss) 86 -327 120 301
Net profit margin 4% -14% 4% 8%

* Left axis

** Right axis

*** All data in Profit and Loss Statement table and corresponding chart is in EUR thousand, unless otherwise noted

Balance sheet

2020 2021 2022 2023
Non-current assets 4,413 9,519 9,252 10,533
Intangible assets 98 59 34 28
Tangible assets 4,315 9,460 9,219 10,505
Financial assets
Other non-current assets
Current assets 4,878 3,629 3,653 4,264
Inventories and prepaid expenses 72 136 197 153
Accounts receivable in one year 244 292 387 1,089
Other current assets 2,529
Cash and cash equivalents 4,563 3,201 3,070 493
Total assets 9,312 13,182 12,931 14,830
Equity 7,621 7,306 7,283 7,895
Grants and subsidies 6
Liabilities 1,177 5,414 5,370 6,583
Financial liabilities 546 4,618 4,318 5,022
Long-term liabilities 528 4,318 4,024 4,697
Short-term liabilities 649 1,096 1,345 1,886
Equity and liabilities 9,312 13,182 12,931 14,830
2021-06 2022-06 2023-06 2024-06
Non-current assets 6,169 9,186 9,368 12,445
Intangible assets 80 51 17 21
Tangible assets 6,089 9,135 9,352 12,424
Financial assets 0
Other non-current assets 0
Current assets 33 36 50 66
Inventories and prepaid expenses 91 293 152 152
Accounts receivable in one year 725 734 1,150 1,036
Other current assets 1,541
Cash and cash equivalents 3,433 2,216 2,082 1,433
Total assets 10,451 12,465 12,802 16,672
Equity 7,162 6,743 7,228 7,680
Grants and subsidies 5
Liabilities 2,786 5,465 5,301 8,646
Financial liabilities 1,843 4,468 4,182 6,455
Long-term liabilities 1,834 4,318 4,036 6,272
Short-term liabilities 952 1,147 1,265 2,374
Equity and liabilities 10,451 12,465 12,802 16,672

* All data in Balance Sheet table and corresponding chart is in EUR thousand, unless otherwise noted

Financial ratios

2020 2021 2022 2023
Capital return ratios
Return on assets (ROA) 8% 2% 2% 6%
Return on equity (ROE) 10% 3% 3% 10%
Return on capital employed (ROCE) 8% 4% 0% 8%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.06 0.35 0.33 0.34
Current Ratio 7.52 3.31 2.72 2.26
Quick ratio 7.41 3.19 2.57 2.18
Turnover ratios
Asset turnover 0.52 0.38 0.49 0.53
Fixed asset turnover 1.11 0.53 0.69 0.74
Equity turnover 0.64 0.69 0.88 0.99
Profitability ratios
EBITDA margin 40% 29% 24% 29%
Operating profit margin 14% 10% 1% 12%
Net profit margin 16% 5% 3% 10%
Other ratios
Dividends to the State 540.55 232.60 173.63 511.07
Dividends paid / net profit 0.71 1.01 0.82 0.65

* Left axis

** Right axis

*** Dividends to the state in Financial Ratios table is in EUR thousand

2021-06 2022-06 2023-06 2024-06
Capital return ratios
Return on assets (ROA) 9% -2% 5% 7%
Return on equity (ROE) 13% -3% 9% 13%
Return on capital employed (ROCE) 1% -4% 1% 2%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.18 0.36 0.33 0.39
Current Ratio 4.46 2.83 2.67 1.75
Quick ratio 4.37 2.57 2.55 1.69
Turnover ratios
Asset turnover 0.20 0.19 0.25 0.23
Fixed asset turnover 0.33 0.26 0.34 0.31
Equity turnover 0.29 0.35 0.44 0.51
Profitability ratios
EBITDA margin 31% 12% 24% 31%
Operating profit margin 4% -20% 4% 7%
Net profit margin 4% -14% 4% 8%
Other ratios
Dividends to the State
Dividends paid / net profit

Financial statments

2023 m. 6 mėn. tarpinės ataskaitos 2023 m. metinės ataskaitos
2022 m. 6 mėn. tarpinės ataskaitos 2022 m. metinės ataskaitos
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. 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. 3 mėn. tarpinės ataskaitos 2014 m. 6 mėn. tarpinės ataskaitos
2012 m. metinės ataskaitos
2013 m. 3 mėn. tarpinės ataskaitos 2013 m. 6 mėn. tarpinės ataskaitos 2013 m. metinės ataskaitos 2013 m. 12 mėn. tarpinės ataskaitos 2013 m. 9 mėn. tarpinės ataskaitos
2011 m. metinės ataskaitos
2010 m. metinės ataskaitos

Expectations of the state

Key performance indicator
Letter of Expectations

About the company

  • Official nameAB Smiltynės perkėla
  • Legal formPublic limited liability company (AB)
  • Company code140285526
  • SectorTransport and Communications
  • Line of businessTransportation of passengers by ferries
  • Institution representing the StateMinistry of Transport and Communications
  • Share belonging to the State98.99%
  • Contacts http://www.keltas.lt/
Return to the State

511 EUR thousand

ROE

10.4%

Number of employees

97

Financial data provided as at end-December 2023

Management

  • Mindaugas ČiakasChief Executive Officer

Information as of: 2024/12/02

Board of Directors

CHAIRMAN OF THE BOARD OF DIRECTORS

  • Valdemaras Vaičekauskas  Independent member; UAB Hortus Investment Banking

MEMBERS OF THE BOARD OF DIRECTORS

  • Indrė BernotaitėMinistry of Transport and Communications
  • Rytis ValūnasIndependent member; BMI Executive Institute board member

Information as of: 2024/12/02

VMU
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IGN
KN
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