| Profit Statement | 2012 | 2013 | 2014 | |
| Sales | CZK mil | 6,885 | 12,742 | 16,572 |
| Gross Profit | CZK mil | 3,875 | 3,665 | 3,494 |
| EBITDA | CZK mil | 1,846 | 2,785 | 2,420 |
| EBIT | CZK mil | 1,414 | 2,161 | 1,776 |
| Financing Cost | CZK mil | -569 | -259 | 274 |
| Pre-Tax Profit | CZK mil | 1,983 | 2,420 | 1,502 |
| Net Profit | CZK mil | 1,718 | 1,831 | 1,204 |
| Balance Sheet | 2012 | 2013 | 2014 | |
| Total Assets | CZK mil | 10,709 | 16,563 | 14,482 |
| Non-Current Assets | CZK mil | 6,567 | 6,628 | 7,596 |
| Current Assets | CZK mil | 4,105 | 9,859 | 6,816 |
| Working Capital | CZK mil | 1,124 | 4,168 | 3,401 |
| Shareholders' Equity | CZK mil | 6,964 | 8,063 | 6,642 |
| Liabilities | CZK mil | 3,745 | 8,500 | 7,840 |
| Total Debt | CZK mil | 1,826 | 5,363 | 3,983 |
| Net Debt | CZK mil | -242 | 1,163 | 2,860 |
| Ratios | 2012 | 2013 | 2014 | |
| ROE | % | 26.0 | 24.4 | 16.4 |
| ROCE | % | 22.6 | 19.8 | 11.0 |
| Gross Margin | % | 56.3 | 28.8 | 21.1 |
| EBITDA Margin | % | 26.8 | 21.9 | 14.6 |
| EBIT Margin | % | 20.5 | 17.0 | 10.7 |
| Net Margin | % | 25.0 | 14.4 | 7.26 |
| Net Debt/EBITDA | -0.131 | 0.418 | 1.18 | |
| Net Debt/Equity | -0.035 | 0.144 | 0.431 | |
| Cost of Financing | % | -34.0 | -7.21 | 5.87 |
| Cash Flow | 2012 | 2013 | 2014 | |
| Cash Conversion Cycle | days | 69.1 | 142 | 75.7 |
| Cash Earnings | CZK mil | 2,151 | 2,455 | 1,848 |
Get all company financials in excel:
| summary | Unit | 2011 | 2012 | 2013 | 2014 |
| income statement | |||||
| Sales | CZK mil | 1,609 | 6,885 | ||
| Gross Profit | CZK mil | 5.48 | 3,875 | ||
| EBIT | CZK mil | 497 | 1,414 | ||
| Net Profit | CZK mil | 472 | 1,718 | ||
| ROE | % | 7.55 | 26.0 | ||
| EBIT Margin | % | 30.9 | 20.5 | ||
| Net Margin | % | 29.3 | 25.0 | ||
| Employees | 332 | 336 | |||
| balance sheet | |||||
| Total Assets | CZK mil | 9,066 | 10,709 | ||
| Non-Current Assets | CZK mil | 6,893 | 6,567 | ||
| Current Assets | CZK mil | 2,141 | 4,105 | ||
| Shareholders' Equity | CZK mil | 6,254 | 6,964 | ||
| Liabilities | CZK mil | 2,811 | 3,745 | ||
| Non-Current Liabilities | CZK mil | 9.03 | 7.09 | ||
| Current Liabilities | CZK mil | 465 | 1,050 | ||
| Net Debt/EBITDA | 0.536 | -0.131 | |||
| Net Debt/Equity | 0.061 | -0.035 | |||
| Cost of Financing | % | ... | -34.0 |
| income statement | Unit | 2011 | 2012 | 2013 | 2014 |
| income statement | |||||
| Sales | CZK mil | 1,609 | 6,885 | ||
| Cost of Goods & Services | CZK mil | 1,604 | 3,010 | ||
| Gross Profit | CZK mil | 5.48 | 3,875 | ||
| Staff Cost | CZK mil | 158 | 310 | ||
| Other Cost | CZK mil | -863 | 1,719 | ||
| EBITDA | CZK mil | 711 | 1,846 | ||
| Depreciation | CZK mil | 213 | 432 | ||
| EBIT | CZK mil | 497 | 1,414 | ||
| Financing Cost | CZK mil | -71.2 | -569 | ||
| Extraordinary Cost | CZK mil | 0 | 0 | ||
| Pre-Tax Profit | CZK mil | 569 | 1,983 | ||
| Tax | CZK mil | 96.6 | 265 | ||
| Minorities | CZK mil | 0 | 0 | ||
| Net Profit | CZK mil | 472 | 1,718 | ||
| growth rates | |||||
| Total Revenue Growth | % | ... | 328 | ||
| Operating Cost Growth | % | ... | -388 | ||
| EBITDA Growth | % | ... | 160 | ||
| EBIT Growth | % | ... | 184 | ||
| Pre-Tax Profit Growth | % | ... | 249 | ||
| Net Profit Growth | % | ... | 264 | ||
| ratios | |||||
| ROE | % | 7.55 | 26.0 | ||
| ROCE | % | ... | 22.6 | ||
| Gross Margin | % | 0.341 | 56.3 | ||
| EBITDA Margin | % | 44.2 | 26.8 | ||
| EBIT Margin | % | 30.9 | 20.5 | ||
| Net Margin | % | 29.3 | 25.0 | ||
| Cost of Financing | % | ... | -34.0 | ||
| Net Debt/EBITDA | 0.536 | -0.131 |
| balance sheet | Unit | 2011 | 2012 | 2013 | 2014 |
| balance sheet | |||||
| Non-Current Assets | CZK mil | 6,893 | 6,567 | ||
| Property, Plant & Equipment | CZK mil | 3,011 | 3,115 | ||
| Intangible Assets | CZK mil | 247 | 207 | ||
| Current Assets | CZK mil | 2,141 | 4,105 | ||
| Inventories | CZK mil | 552 | 942 | ||
| Receivables | CZK mil | 344 | 984 | ||
| Cash & Cash Equivalents | CZK mil | 1,141 | 2,068 | ||
| Total Assets | CZK mil | 9,066 | 10,709 | ||
| Shareholders' Equity | CZK mil | 6,254 | 6,964 | ||
| Of Which Minority Interest | CZK mil | 0 | 0 | ||
| Liabilities | CZK mil | 2,811 | 3,745 | ||
| Non-Current Liabilities | CZK mil | 9.03 | 7.09 | ||
| Long-Term Debt | CZK mil | 1,013 | 507 | ||
| Deferred Tax Liabilities | CZK mil | 0 | 0 | ||
| Current Liabilities | CZK mil | 465 | 1,050 | ||
| Short-Term Debt | CZK mil | 509 | 1,320 | ||
| Trade Payables | CZK mil | 255 | 802 | ||
| Provisions | CZK mil | 816 | 856 | ||
| Equity And Liabilities | CZK mil | 9,066 | 10,709 | ||
| growth rates | |||||
| Total Asset Growth | % | ... | 18.1 | ||
| Shareholders' Equity Growth | % | ... | 11.3 | ||
| Net Debt Growth | % | ... | -163 | ||
| Total Debt Growth | % | ... | 20.0 | ||
| ratios | |||||
| Total Debt | CZK mil | 1,522 | 1,826 | ||
| Net Debt | CZK mil | 381 | -242 | ||
| Working Capital | CZK mil | 641 | 1,124 | ||
| Capital Employed | CZK mil | 7,534 | 7,690 | ||
| Net Debt/Equity | 0.061 | -0.035 | |||
| Cost of Financing | % | ... | -34.0 |
| cash flow | Unit | 2011 | 2012 | 2013 | 2014 |
| cash flow | |||||
| Net Profit | CZK mil | 472 | 1,718 | ||
| Depreciation | CZK mil | 213 | 432 | ||
| ratios | |||||
| Days Sales Outstanding | days | 78.0 | 52.1 | ||
| Days Sales Of Inventory | days | 126 | 114 | ||
| Days Payable Outstanding | days | 58.0 | 97.2 | ||
| Cash Conversion Cycle | days | 146 | 69.1 | ||
| Cash Earnings | CZK mil | 685 | 2,151 |
| other data | Unit | 2011 | 2012 | 2013 | 2014 |
| other data | |||||
| ROA | % | 5.21 | 17.4 | ||
| Gross Margin | % | 0.341 | 56.3 | ||
| Cost Per Employee | USD per month | 2,240 | 3,926 | ||
| Cost Per Employee (Local Currency) | CZK per month | 39,624 | 76,791 | ||
| Staff Cost (As % Of Total Cost) | % | 14.2 | 5.66 | ||
| Effective Tax Rate | % | 17.0 | 13.3 | ||
| Sales of Oil | CZK mil | ... | 2,350 | ||
| Sales of Natural Gas | CZK mil | ... | 748 | ||
| Sales of Products & Services | CZK mil | ... | 269 | ||
| Sales of Goods, incl. Gas Trading | CZK mil | ... | 3,166 |
Get all company financials in excel:
Moravske naftove doly, a.s. is a Czech Republic-based energy company engaged in the exploration and production of oil and natural gas. The Company is also involved in construction and operation of underground gas storage facilities primarily in the Czech Republic. Abroad, the Company focuses on exploration and production activities in Pakistan through its share in gas production from the Sawan field, and it holds exploration licenses covering three blocks in Bavaria in Germany, as well as owns the Ziarat block, the Barkhan block, and the Hanna and Harnai block located in Pakistan. The company also acts as a drilling contractor, providing services related to oil and natural gas exploration and production wells; wells for gas storage and hydro and geothermal wells among others. Moravske naftove doly was incorporated in 2002 and is based in Hodonin, Czech Republic.
Moravske naftove doly has been growing its sales by a year on average in the last 5 years. EBITDA has grown by 0% during that time to total of CZK 2,420 mil in 2014, or 14.6% of sales. That’s compared to 26.9% average margin seen in last five years.
The company netted CZK 1,204 mil in 2014 implying ROE of 16.4% and ROCE of 11.0%. Again, the average figures were 18.6% and 17.8%, respectively when looking at the previous 5 years.
Moravske naftove doly’s net debt amounted to CZK 2,860 mil at the end of 2014, or 0.431 of equity. When compared to EBITDA, net debt was 1.18x, up when compared to average of 0.501x seen in the last 5 years.
Helgi Library 
