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State Owned Enterprises

A state enterprise “Radioaktyviųjų atliekų tvarkymo agentūra” (RATA) was established on 20th of July in 2001. RATA was established to organize and bury the radioactive waste that has been transferred to it during the dismantling of the Ignalina nuclear power plant, as well as to collect, process and bury  the radioactive waste that is emerging from industrial activities.

Financial results

P/L Statment

2015 2016 2017 2018
Revenue 15 21 26 40
Cost of goods sold 5 12 24 28
Gross profit (loss) 10 9 1 12
Gross profit margin 64% 43% 5% 31%
Operating expenses 10 16 24 72
Operating profit (loss) -0 -7 -23 -60
Operating profit margin -2% -33% -90% -148%
EBITDA 12 6 23 -31
EBITDA margin 82% 28% 89% -77%
Net profit (loss) 1 -7 -23 -60
Net profit margin 5% -33% -90% -147%
2016 Q4 2017 Q2 2017 Q4 2018 Q2
Revenue 12 16 9 29
Cost of goods sold 9 6 19 6
Gross profit 2 11 -9 23
Gross profit margin 21% 65% -100% 79%
Operating expenses 6 8 16 2
Operating profit -4 3 -26 21
Operating profit margin -30% 18% -276% 71%
EBITDA 3 9 -20 21
EBITDA margin 23% 56% -210% 71%
Net profit -4 3 -26 15
Net profit margin -30% 18% -276% 51%

Balance sheet

2015 2016 2017 2018
Non-current assets 250 198 151
Intangible assets 3 2 1
Tangible assets 247 196 151
Financial assets
Other non-current assets
Biological assets
Current assets 121 124 186 17
Inventories and prepaid expenses 1 4 0
Accounts receivable in one year 1 0 0 17
Other current assets
Cash and cash equivalents 119 119 185
Total assets 370 322 338 17
Equity 163 157 134 17
Minority share of capital
Grants and subsidies 196 156 172
Liabilities 2 10 32 0
Financial liabilities
Long-term liabilities
Short-term liabilities 1 8 26 0
Equity and liabilities 370 322 338 17
2016 Q4 2017 Q2 2017 Q4 2018 Q2
Non-current assets 198 174 151 135
Intangible assets 2 1 1 0
Tangible assets 196 173 151 135
Financial assets 0 0 0 0
Other non-current assets 0 0 0 0
Biological assets 0 0 0 0
Current assets 124 73 186 159
Inventories and prepaid expenses 4 4 1 5
Accounts receivable in one year 1 1 0 1
Other non-current assets 0 1 0 0
Cash and cash equivalents 120 67 185 154
Total assets 322 248 338 294
Equity 157 160 134 149
Minority share of capital 0 0 0 0
Grants and subsidies 156 43 172 89
Liabilities 10 45 32 56
Financial liabilities 0 0 0 0
Long-term liabilities 0 0 0 0
Short-term liabilities 10 45 32 56
Equity and liabilities 322 248 338 294

Financial ratios

2015 2016 2017 2018
Capital return ratios
Return on assets (ROA) 4% -2% -7% -34%
Return on equity (ROE) 5% -4% -16% -79%
Return on capital employed (ROCE) 4% -4% -15% -683%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.02
Current Ratio 3.10 16.31 7.28 646.07
Quick ratio 1.11 15.74 7.26 646.07
Turnover ratios
Asset turnover 0.62 0.06 0.08 0.23
Fixed asset turnover 0.78 0.09 0.15 0.53
Equity turnover 0.79 0.13 0.18 0.54
Profitability ratios
EBITDA margin 12% 28% 89% -77%
Operating profit margin 5% -33% -90% -148%
Net profit margin 6% -33% -90% -147%
Other ratios
Dividends to the State 13.80
Dividends paid / net profit 0.15
2016 Q4 2017 Q2 2017 Q4 2018 Q2
Capital return ratios
Return on assets (ROA) -2% -0% -7% -4%
Return on equity (ROE) -4% -0% -16% -7%
Return on capital employed (ROCE) -2% -0% -7% -5%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.00 0.00 0.00 0.00
Current Ratio 12.82 1.62 5.84 2.83
Quick ratio 12.39 1.53 5.81 2.75
Turnover ratios
Asset turnover 0.06 0.09 0.08 0.14
Fixed asset turnover 0.09 0.14 0.15 0.25
Equity turnover 0.13 0.17 0.18 0.25
Profitability ratios
EBITDA margin 23% 56% -210% 71%
Operating profit margin -30% 18% -276% 71%
Net profit margin -30% 18% -276% 51%
Other ratios
Dividends to the State 0.00 0.00
Dividends paid / net profit 0.00 0.00

About the company

  • Official nameVĮ Radioaktyviųjų atliekų tvarkymo agentūra
  • Legal formState enterprise (VĮ)
  • Company code210083110
  • SectorOther
  • Line of businessRadioactive waste management
  • Institution representing the StateMinistry of Energy
  • Share belonging to the State100%
http://rata.lt/
ROE

-79.0%

Number of employees

16

Financial data provided as at end-December 2018

Management

  • Ana SelčinskienėDirector General

Information as of: 2019/11/01